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  10:44pm PDT, 07/29/10
Money 101 Audio
 
 
KNX Business Hour Audio
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KNX Business Hour 07.29.2010
Stocks pull back on a mixed bag of earnings news and comments from the president of the St. Louis Federal Reserve Bank who said in a research report the U.S. is closer than it has ever been to a threat of Japan-like deflation. The Dow dipped as much as 11
KNX Business Hour 07.28.2010
The Dow's four session winning streak comes to an end on the latest assessment of economic conditions from the Federal Reseve. The Fed's "Beige Book Report" showed some areas had lost steam over the past several weeks. The latest durable goods report was
KNX Business Hour 07.27.2010
A mixed finish for the stock market after a three day run up. The Dow closed up 12 points. Nasdaq pulled back 8. The S and P 500 ended down one point. The latest reading on consumer confidence for July from the conference board shows it dropped back to it
 
 

Bob McCormick


Money 101 examines the most relevant news affecting consumers and small business owners. Listen for it daily at :26 past every hour.
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CBS Business News
House passes bill to boost commuter airline safety
WASHINGTON (AP) -- Far-reaching aviation safety legislation developed in response to a deadly commuter airline crash in western New York last year was approved by the House late Thursday....
Alcatel-Lucent posts 2nd quarter loss
PARIS (AP) -- Alcatel-Lucent SA says its net loss in the second quarter was a wider-than-expected euro184 million (US$240 million) but said it remains on track for a targeted improvement in profitability this year....
Asia stocks fall as data takes shine off earnings
TOKYO (AP) -- Asian markets fell Friday, overlooking strong earnings from some of the region's biggest companies as Japanese shares tumbled on a strong yen and dour economic figures ahead of a key U.S. growth report....
More Japan workers lose jobs, factory output falls
TOKYO (AP) -- Japan received a sobering reminder Friday of its fragile recovery: The jobless rate rose, deflation deepened, and factories made fewer cars and mobile phones....
Samsung says 2Q net profit surges 83 percent
SEOUL, South Korea (AP) -- Samsung's net profit surged 83 percent in the second quarter to a record high amid strength in semiconductors, flat panels and TVs, though the electronics giant cautioned such stellar results may be unsustainable amid intensifying competition in areas such as mobile phones....
Oil falls to near $78 as global stocks drop
SINGAPORE (AP) -- Oil prices fell to near $78 a barrel Friday in Asia as the region's stock markets dropped on dour economic figures from Japan ahead of a key U.S. growth report....
NY suit seeks $30 million in Madoff family money
NEW YORK (AP) -- The court-appointed trustee seeking to recover billions of dollars lost by jailed financier Bernard Madoff sued three entities Thursday to get back more than $30 million that he said the Madoff family had invested, mostly in oil and gas properties and technology companies....
NY AG announces probe of life insurance industry
NEW YORK (AP) -- State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die....
Kia Motors says 2Q net profit rises 61 percent
SEOUL, South Korea (AP) -- Kia Motors announced Friday that net profit rose 61 percent in the second quarter amid an increase in sales....
Summary Box: Fed mulls ways to rev up growth
WHAT TO DO? Debate is intensifying at the Federal Reserve over how best to cope with a weakening recovery....
 
 
KNX 1070 Money News
Economic growth likely slowed in second quarter
By JEANNINE AVERSA 2010-07-30T05:08:47Z
WASHINGTON (AP) -- The already fragile economic recovery may be getting weaker....
Samsung says 2Q net profit surges 83 percent
By KELLY OLSEN 2010-07-30T04:33:23Z
SEOUL, South Korea (AP) -- Samsung's net profit surged 83 percent in the second quarter to a record high amid strength in semiconductors, flat panels and TVs, though the electronics giant cautioned such stellar results may be unsustainable amid intensifying competition in areas such as mobile phones....
Asia stocks fall as data takes shine off earnings
By 2010-07-30T05:04:48Z
TOKYO (AP) -- Asian markets fell Friday, overlooking strong earnings from some of the region's biggest companies as Japanese shares tumbled on a strong yen and dour economic figures ahead of a key U.S. growth report....
Attacking the edges of secure Internet traffic
By JORDAN ROBERTSON 2010-07-30T04:51:13Z
LAS VEGAS (AP) -- Researchers have uncovered new ways that criminals can spy on Internet users even if they're using secure connections to banks, online retailers or other sensitive Web sites....
House passes bill to boost commuter airline safety
By JOAN LOWY 2010-07-30T05:22:49Z
WASHINGTON (AP) -- Far-reaching aviation safety legislation developed in response to a deadly commuter airline crash in western New York last year was approved by the House late Thursday....
More Japan workers lose jobs, factory output falls
By TOMOKO A. HOSAKA 2010-07-30T04:46:25Z
TOKYO (AP) -- Japan received a sobering reminder Friday of its fragile recovery: The jobless rate rose, deflation deepened, and factories made fewer cars and mobile phones....
 
 
 
 
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