Paterson Says Judge Blocks N.Y. Indian Cigarette Tax Collection
Fed’s Fisher ‘Reluctant’ to Ease Until Fiscal Policy Improves
Federal Reserve Bank of Dallas President Richard Fisher said he’s reluctant to expand the Fed’s balance sheet to stimulate the economy unless there are additional tax and regulatory policies in place to spur job growth.
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Funai Electric to Increase LCD TV Output Capacity at Thai Plant
Sept. 2 (Bloomberg) — Funai Electric Co., a Japanese maker of audio-visual equipment, plans to increase production capacity for liquid-crystal display televisions by 54 percent at its factory in Thai…
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Netherlands to Release Two Men Arrested on Amsterdam’s Airport
The Dutch national prosecutor will release two men, who were suspected of possible involvement in preparing a terrorist act, without charging them, spokesman Martijn Boelhouwer said by telephone today.
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Judge Denies U.S. Request to Dismiss Drilling Ban Challenge
A federal judge denied a U.S. government request to dismiss a challenge to the Obama administration’s deep-water drilling ban, finding the government’s new rules didn’t render a lawsuit stopping the moratorium irrelevant.
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Paterson Says Judge Blocks N.Y. Indian Cigarette Tax Collection
New York Governor David Paterson said a state appellate court has blocked the state from implementing a new tax on cigarette purchases on Indian reservations by non-tribal buyers.
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Obama Says Jobless Claims Show Urgent Need for Business Aid
Taiwanese Economy Expanded by 12.53% in the Second Quarter
Taiwan’s economy expanded 12.53 percent in the second quarter from a year earlier, the statistics bureau said today in Taipei.
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U.S. Stocks Extend Losses After Philly Fed Unexpectedly Drops
U.S. stocks extended losses after a Federal Reserve report showed manufacturing in the Philadelphia region unexpected contracted in August, fueling concern the economic recovery is in peril
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Nationwide Egg Recall Tied to Illness in 10 States
A nationwide recall of 380 million eggs that may contain salmonella bacteria may be linked to illnesses in at least 10 states, U.S. officials said.
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Ackman Group’s Stuyvesant Town Foreclosure Auction Postponed
A foreclosure auction for New York’s Stuyvesant Town-Peter Cooper Village apartment complex was postponed after senior creditors sued to block a group led by Pershing Square Capital Management LP from gaining control.
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Obama Says Jobless Claims Show Urgent Need for Business Aid
President Barack Obama said the jump in unemployment claims shows the urgent need for congressional action on legislation to cut taxes and ease credit for small businesses.
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Noda Says ‘Excessive’ Currency Moves Can Harm Japan’s Economy
Ex-Illinois Governor Blagojevich Trial Jury Ask About Deadlock
Jurors in the corruption trial of former Illinois Governor Rod Blagojevich asked the judge today for guidance on what they should do if they cannot reach a unanimous verdict, the judge said in a hearing.
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Yen Near Highest Level Since 1995 on Bets Intervention Unlikely
The yen traded at almost its highest level against the dollar since July 1995 on speculation Japan is unlikely to try to weaken its currency.
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AB InBev Second Quarter Net of $1.15 Billion Beats Estimates
Anheuser-Busch InBev NV, the world’s largest brewer, said second-quarter net income rose to $1.15 billion from $1.07 billion a year earlier, according to a statement published on its website. Profit beat the $1.08 billion average of 11 analyst estimates compiled by Bloomberg.
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UniCredit Unit Being Probed by Madoff Trustee for Legal Claims
UniCredit SpA’s Pioneer Alternative Investment Management unit, which invested $1.1 billion of client money in Bernard Madoff “feeder funds,” is being probed for possible legal claims by the trustee liquidating the conman’s business.
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Noda Says ‘Excessive’ Currency Moves Can Harm Japan’s Economy
Japanese Finance Minister Yoshihiko Noda said excessive moves in the yen could hurt the economy and that the government is monitoring developments and is prepared to take necessary action.
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