USA Business News

Wall Street set to soar on euro zone rescue plan

CBJ May 10 - U.S. stock index futures pointed to a more than 4 percent gain at the open on Monday after a $1 trillion global emergency rescue package was launched, quelling contagion fears and sending European stocks surging. The package of standby funds ...
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"Idol" creator Fuller marks iTunes milestone

CBJ May 10 - “American Idol” creator Simon Fuller made a digital music milestone today, saying he was looking to the Internet and other platforms for the next big thing in global entertainment. At a time of crisis in the recording industry, Fuller's roster ...
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Facebook privacy snafu exposed user chats

CBJ May 7 - Private chats between some Facebook users were briefly viewable by other users on Wednesday, an embarrassing technical glitch for a company facing growing criticism over "sloppy" privacy protection. Techcrunch, a blog, first reported a bug related to a feature on ...
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Google goes green with mega invest in wind power

CBJ May 7 - If there was ever a heavyweight investor to step out and support the future of wind power, Google probably takes the top spot for high profile companies. The internet conglomerate has made its first direct investment, US$38.8 million, in two ...
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Gulf of Mexico rig disaster gets a little good news at last

CBJ May 6 - In the latest from British Petroleum’s Deepwater Horizon oil rig disaster in the Gulf of Mexico, one of the three leaks at the location has now been capped shut using a dome structure created and transported to the site over ...
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BP’s giant funnel to cease oil slick devastation

CBJ May 5 - Could it really work? We’ll find out soon enough as British Petroleum’s latest plan to stop the Deepwater Horizon oil slick in the Gulf of Mexico is unveiled; a giant funnel to dam the oil. This plan, which involves ...
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Senators push Obama to end offshore drilling plans following oil slick

CBJ May 5 - The implications of the oil slick in the Gulf of Mexico continue to unfold, as a group of Democratic Senators pushes United States President Barack Obama to put part to any planned offshore drilling expansion in the wake of the disaster. ...
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Uranium mine no-no for Denison, EPA uncovers illegal op’s

CBJ May 5 - The United States Environmental Protection Agency (EPA) has discovered that a uranium mine is illegally operating close to north of the Grand Canyon. This mine, the Arizona 1 mine run by Denison Mines Corporation, resumed operations without the company informing the ...
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Obama urges swift passage of financial reform

CBJ April 29 - President Barack Obama welcomed a U.S. Senate vote on yesterday, opening the way to debate on a Wall Street regulatory overhaul and said he hoped it would lead to swift passage of a reform bill. "It was the right thing ...
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Procter & Gamble profit tops its view

CBJ April 29 - Procter & Gamble Co posted a higher profit than it anticipated, helped by growth in developing markets and its biggest volume gain in 4-1/2 years, and it raised the low end of its fiscal-year earnings outlook. The world's largest household ...
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