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Judge Blocks Obama’s Moratorium on Deep-Water Drilling; White House Sets Appeal (Jun-22, 21:40 EDT )-- The White House said it would appeal the decision of a federal judge in New Orleans, who blocked a six-month moratorium on deep-water drilling projects.
China’s Currency Falls After Previous Day’s Gain (Jun-22, 21:24 EDT )-- On Tuesday in Hong Kong, the renminbi closed down 0.2 percent against the dollar after reports that government-owned banks were buying dollars with renminbi.
Britain Unveils Emergency Budget (Jun-22, 21:20 EDT )-- The budget calls for Britain’s deepest fiscal retrenchment since the early years of Margaret Thatcher’s rule.
Square Feet: New Accounting Rules Could Unsettle Leasing Market (Jun-22, 20:50 EDT )-- The new standards will change how companies account for leases on their balance sheets, with possible consequences for credit ratings and debt covenants.
Economic Scene: The Caution of the Fed Comes With a Risk (Jun-22, 20:47 EDT )-- Ben Bernanke thinks that growth is too slow but that it shouldn’t be accelerated. With unemployment high, that’s risky.
Square Feet: Pop-Up Stores Become Popular for New York Landlords (Jun-22, 20:43 EDT )-- The concept of pop-up stores, open for as little as a few days, is no longer tied to holiday themes. And some landlords are finding the idea useful for marketing.
New iPhone Arrives, Rivals Beware (Jun-22, 20:41 EDT )-- The iPhone 4 is slimmer, with an improved screen and audio. But it was a hit before the public knew that.
JPMorgan Makes Moves Aimed at Overseas Expansion (Jun-22, 20:40 EDT )-- The chief executive, Jamie Dimon, appointed a close lieutenant to a new position with a mandate to start a global corporate banking business.
Toyota Stops Production at China Plant (Jun-22, 20:40 EDT )-- A strike begun on Monday at one of Toyota’s parts suppliers in China prompted the auto giant to stop production at one of its 10 plants there.
New Chief of U.A.W. Taking On Toyota (Jun-22, 20:40 EDT )-- The United Automobile Workers union is picking a fight with Toyota, in a bid to regain some of its clout.
Advertising: Pampers Makes a Push to Get Dad to Do Diaper Buying Duty (Jun-22, 20:30 EDT )-- The diaper maker said it recognized the expanding role of fathers in parenting roles.
Europe and India Push to Secure Free-Trade Deal (Jun-22, 19:26 EDT )-- The agreement, which they hope to seal before an October summit meeting, could triple their 53 billion euro trade flow within five years.
Mortgage Delays Blamed for Home Sales Decline (Jun-22, 19:10 EDT )-- Sales of previously owned homes nationwide fell unexpectedly in May as delays in processing mortgage applications hampered the closing of contracts, an industry group said.
Stocks Slide on Weakness in Energy (Jun-22, 19:00 EDT )-- Wall Street reacted to an unexpected drop in home sales and uncertainty about the energy outlook.
Unicorn Gag 'Apology' Roasts Pork Board (Jun-22, 15:58 EDT )-- The National Pork Board says it was only protecting its trademark when it issued a 12-page cease-and-desist warning to online retailer ThinkGeek for calling a unicorn meat product "the new white meat." In an apology this week, ThinkGeek said its...
Michael Jackson (The Business) Is Alive And Well (Jun-22, 15:19 EDT )-- A financial empire that was on the verge of collapse from more than $500 million in debt now looks to be able to support the late pop star's three children and his mother and donate healthily to children's charities. The estate has earned more than ...
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