Archive for the 'Market news' Category
(Adds comments, details) By Victoria Thieberger
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Burger King is introducing nine new breakfast items including blueberry biscuits and pancake platters and planning a major breakfast marketing blitz _ all with an eye toward eating up some of McDonald’s morning business.
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Americans’ economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press’ monthly analysis of conditions around the country.
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ABC News President David Westin, the longest-reigning network news division chief, with more than 13 tumultuous years on the job, told his staff Monday that he is resigning and will leave by the end of the year.
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China rejected pressure over currency Tuesday amid a visit by two high-level U.S. envoys, saying Beijing will set the pace of exchange rate reforms.
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* Euro takes a hit as Europe banking concerns rekindled * Widening spreads for peripherals also pushes down euro
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President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections.
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TOKYO, Sept 7 (Reuters) - Japan’s Nikkei average fell 0.8percent on Tuesday, dented by profit-taking after four straightdays of large gains and as the yen’s strength shows little signof abating. But for a second straight day the benchmark managed to holdabove its 25-day moving average, which had served as resistancefor most of last month, a sign it could resume climbing onceprofit-taking is absorbed.
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* Futures fall on European bank reports * Oracle hires Mark Hurd as president
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Oracle Corp. has hired former Hewlett-Packard Co. CEO Mark Hurd to help lead the database software maker in a pivotal moment in Oracle’s 33-year history as it tries to muscle in on more of HP’s turf.
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