Business - Page 28

Reuters - Volatility could be the name of the game on Wall Street this week as rising crude oil prices revive inflation fears and stock investors await congressional testimony from the Federal Reserve's chairman.

AFP - China will send ripples through the financial world when it unleashes an investment company with more money under management than any mutual fund in existence, according to analysts.

AP - Five years after Argentina's economy melted down, triggering food riots, supermarket lootings, devaluation and debt default, Maria Elena Lopez is still scavenging in the streets for recyclable paper.

Reuters - LONDON (Reuters) -- Nasdaq Stock Markets Inc. suffered a resounding defeat in its 2.7 billion pound ( ($5.31 billion) bid for the London Stock Exchange on Saturday, saying it had won just 0.41 pct of acceptances for its offer for Europe's largest share market. More Info...  

Reuters - The G7 industrial powers, under pressure to address a decline of the yen, warned investors on Saturday that they could get burned betting in one direction when Japan's economy was continuing to strengthen.

Reuters - U.S. Treasury Secretary Henry Paulson made clear on Saturday that he thinks any risks posed by lightly regulated hedge funds can be handled through market discipline without adding heavy government regulators. More Info...  

AFP - The leader of India's ruling Congress Party has sounded alarm over fears that big foreign firms looking to enter the country's retail sector could force millions of mom-and-pop stores to shut.

Business

Reuters - Volatility could be the name of the game on Wall Street next week as rising crude oil prices revive inflation fears and stock investors await congressional testimony from the Federal Reserve's chairman.

Reuters - The U.S. economy will grow slowly during the first half of the year, but pick up strength as the months pass, a survey of top forecasters showed on Saturday. More Info...  

Reuters - U.S. stocks fell on Friday after Countrywide Financial Corp. became the latest mortgage lender to warn of rising defaults, while chip maker Micron Technology Inc.'s poor forecasts shook the tech sector.

Business

Reuters - Six major automakers told new California Attorney General Jerry Brown that their lawyers were ready to discuss improving vehicle fuel efficiency but that he should dismiss the state's greenhouse gas damage suit.

Reuters - Attorneys for those injured in the deadly 2005 explosion at BP Plc.'s giant Texas refinery can question company Chief Executive John Browne, a Texas appeals court said in an opinion issued on Friday.

Reuters - Eddie Bauer Holdings Inc. , the outdoor and casual clothing retailer, on Friday announced the resignation of Chief Executive Fabian Mansson, one day after shareholders rejected a $286 million takeover by two private equity firms. More Info...  

Reuters - Fund manager Brandes Investment Partners LP said on Friday it intended to vote against billionaire investor Carl Icahn's proposed $2.31 billion buyout offer for Lear Corp. , which the auto parts maker has accepted.

Reuters - The Bush administration is considering T. Timothy Ryan, a former top financial regulator who is now with JPMorgan Chase, to become Treasury's point person on international affairs, two sources familiar with the matter said on Friday.

Reuters - GNC Corp. , the leading retailer of vitamins and nutrition products, agreed to be acquired by Ares Management LLC and the Ontario Teachers' Pension Plan in a deal with a total enterprise value of $1.65 billion. More Info...  

Business

Reuters - U.S. crude oil climbed above $60 a barrel for the first time in a month on Friday, extending a gain of $2 a day earlier, amid signs of falling crude exports from producer group OPEC.

Reuters - U.S. auto parts maker Lear Corp. , which has received a $2.31 billion buyout offer from activist investor Carl Icahn, remained mum on the reasons behind a long trading halt in its shares on Thursday.

Reuters - Struggling apparel retailer Gap Inc. said on Thursday that for the first time in a year its monthly sales did not decline, and nudged up its outlook, sparking the stock to jump as much as 4.4 percent.

AP - The number of newly laid off workers filing for unemployment benefits edged up slightly last week but was at a level that signaled a solid labor market.