Chicago Chronicle
ChicagoChronicle.com Friday 3rd September 2010 Edition 356/8
bullet
Front Page Breaking Business News
corner
Sexual harassment claims lead to big settlement in USSexual harassment claims lead to big settlement in US
A $5.8 million sexual harassment settlement will be paid by a building maintenance firm in the...


Add to My Yahoo!
Large-sized Mini to hit the streetsLarge-sized Mini to hit the streets
The Mini family is about to get a new member with the upsized Countryman...
Accident claim ends with Ford paying restitutionAccident claim ends with Ford paying restitution
A Mississippi court has heard that the Ford Motor Co will pay $130 million over an accident that occurred in a Ford...
Wall Street in cautious advanceWall Street in cautious advance
U.S. stocks were in the black Thursday but gains were...
Royal Mail introduces electronic stampRoyal Mail introduces electronic stamp
Britain’s royal Mail has sold its first "intelligent"...
Jewish survivors say French Railway should lose US bidJewish survivors say French Railway should lose US bid
Holocaust survivors and the families in the US have objected strongly to a French Railway bid for high-Speed tracks in Florida, which will eventually connect Tampa and...
Cold winter was good for GazpromCold winter was good for Gazprom
The cold winter in the first three months of the year has boosted the profits of Russia’s...
Galaxy becomes competitor to iPadGalaxy becomes competitor to iPad
Samsung has unveiled its likely competitor to the Apple...
iPod nano has multi-touch interfaceiPod nano has multi-touch interface
Apple has come up with a new iPod nano with a multi-touch...
Burger King may be selling outBurger King may be selling out
Talks with potential buyers have reportedly been held by Burger King, the American fast food...
American and British Airways to coordinate frequent flyer American and British Airways to coordinate frequent flyer
American Airlines, British Airways and Iberia have been discussing how they will work together now that European regulators have allowed them to...
UK utilities firms in sales probeUK utilities firms in sales probe
A sales probe is taking place in Britain with the tactics of some energy suppliers coming under...
World sees large rises in food pricesWorld sees large rises in food prices
The United Nations’ Food and Agriculture Organization has ascertained that food is now costing more than it has since September...
Stock futures surge after jobs report
In this Sept. 1, 2010 photograph, traders and specialists work the trading floor of the New York Stock Exchange, in New York. (AP Photo/David...
Trade group says US service sector grew for 8th straight month in August, but pace slows
NEW YORK - A trade group says the U.S. service sector, which provides most of jobs in the country, expanded for the eighth straight month in August, but the pace of growth slowed. The Institute for...
Goldcorp to buy Andean Resources for $3.42 billion
By ROB GILLIESASSOCIATED PRESS WRITER TORONTO -- Canada's Goldcorp Inc. said Friday it has agreed to buy Andean Resources Ltd. for about 3.6 billion Canadian dollars (US$3.42 billion), trumping a...
Oil loses ground ahead of US jobs report
Oil prices fell today as traders awaited crucial payrolls data in top energy consumer the US after a turbulent week in which the market tracked the global economic outlook. Brent North Sea crude for...
August Jobs Report A Bit Better Than Expected
September 3, 2010 The Labor Department released its latest jobs report Friday morning, and the losses aren't as bad as had been expected. The unemployment rate for August creeped up to 9.6 percent,...
Stocks extend September rally after jobs report
NEW YORK -- Stocks extended their rally Friday after a relatively encouraging report on the jobs market lifted hopes about the pace of economic growth.The Dow Jones industrial average rose 110...
Metals Stocks: Gold futures down nearly 1% after U.S. jobs data
SAN FRANCISCO (MarketWatch) -- Gold futures dropped Friday, coming off a two-month high as better-than-expected U.S. jobs data raised hopes about prospects for economic recovery and reduced demand...
Bond Report: Treasurys fall on better-than-expected jobs report
BOSTON (MarketWatch) -- Treasury prices fell sharply early Friday, as fixed-income investors keyed off the Labor Department's report that U.S. nonfarm payrolls dropped 54,000 in August -- a decline...
Before the Bell: Payrolls data, BP, Walgreen in the spotlight
U.S. stock market futures stepped higher Friday after payrolls data showed the U.S. economy shed fewer jobs in August than economists had...
Movers & Shakers: Friday's biggest gaining and declining stocks
BOSTON (MarketWatch) -- Among the companies whose shares are expected to see active trading in Friday's session are Finisar Corp., Take-Two Interactive Software Inc. and H&R Block Inc. ...
So, how much debt is too much? More than the government admits | Paul Segal
The government has made great rhetorical efforts to scare us into accepting cuts. Underneath the rhetoric, the argument rests on the idea of fiscal sustainability. Yet the question of what level of...
US economy sheds half as many jobs as expected
Markets were cheered this afternoon by much better-than-expected US non-farm payrolls data, which showed the economy lost just 54,000 jobst in August, half as many as feared.Wall Street had been...
Jobs Report May Show Unemployment Rate Up
WASHINGTON - The unemployment rate may be about to rise again. Economists are bracing for a weak showing in the August employment report, which is scheduled to be released Friday. The private...
Stock markets head for higher open as U.S. employment data beats forecasts
TORONTO - North American markets headed for a strong open Friday as U.S. jobs data blew past expectations. The U.S. Labour Department reported that the economy shed a total of 54,000 jobs last...
Stocks Extend September Rally After Jobs Report
NEW YORK (AP) ― Stocks are extending their rally after a relatively encouraging report on the job market lifted hopes about the pace of economic...
Sensex closes 29 points down
Sensex today took a breather and closed 29 points lower as rising food inflation evoked worries of a further rate hike by the RBI this month. Cutting short two days of consecutive gains, the Bombay...
India's forex reserves swell to $282.84bn
foreign exchange reserves grew by USD 293-million to USD 282.84-billion from the week before's USD 282.55-billion. Foreign currency assets, a major component of the country's foreign exchange...
Economy sheds fewer jobs than expected
WASHINGTON — Private employers hired more workers than expected in August, lifting hopes for the weak U.S. economy, but the nation’s unemployment rate rose for the first time in four months,...
August jobs report: Signs of life for employment
NEW YORK (CNNMoney.com) -- Businesses are hiring, but not enough to make up for the massive losses of temporary government jobs. The economy lost a total of 54,000 jobs in August, according to the...
Silver lining in jobs report
NEW YORK (CNNMoney.com) -- Businesses are hiring, but not enough to make up for the massive losses of temporary government jobs. The economy lost a total of 54,000 jobs in August, according to the...
European Stocks Extend Advance as U.S. Payrolls Top Forecasts
Sept. 3 (Bloomberg) -- European stocks extended their gains as U.S. private payrolls topped economists’ estimates. The Stoxx Europe 600 Index climbed 1.1 percent to 261.05 at 1:30 p.m. in...
European Stocks Climb as U.S. Private Jobs Growth Tops Forecast
Sept. 3 (Bloomberg) -- European stocks rose, with the Stoxx Europe 600 Index extending its biggest weekly gain since July, after companies in the U.S. added more jobs than forecast in August, easing...
Pub Chain Serves Up Jobs For 16-Year-Olds
Wetherspoon , which has more than 780 UK outlets. She added: "We can offer them the chance to study as part of their work as well as progress within the company." Wetherspoon, which already employs...
European Shares Higher Ahead of U.S. Jobs Report
European and Asian equity markets rose Friday after a better-than-expected monthly jobs report in the United States. In London, the FTSE 100 was up 73.03 points, or 1.35 percent, while the DAX in...
Oil futures dip ahead of key U.S. jobs report
NEW YORK (MarketWatch) -- Oil futures dipped back under $75 a barrel on Friday before the much-anticipated U.S. employment report seen as one measure of the strength of energy demand ahead. Benchmark...
Refinery Status: Brief Maintenance Planned At -2-
Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. As part of a preventative maintenance...
US STOCKS SNAPSHOT-Futures rise after jobs data
NEW YORK (Reuters) - U.S. stock index futures roseFriday after data showed the decline in employment was farless than expected in August. S&P 500 futures rose 10.8 points and were above...
Dollar rallies versus yen after US August jobs report
NEW YORK (Reuters) - The dollar jumped versus theyen to hit a session high Friday after U.S. employment fellby far less than expected in August and private payrolls growthsurprised on the...
TREASURIES-U.S. bonds expand losses on Aug payrolls report
NEW YORK (Reuters) - U.S. Treasuries prices widenedlosses Friday after the government reported that 67,000private sector jobs were added to U.S. payrolls in August. The benchmark 10-year Treasury...
U.S. payrolls fall less than expected in August
* Average workweek steady at 34.2 hours (Updates with employment report) By Lucia Mutikani WASHINGTON (Reuters) - U.S. employment fell for athird straight month in August, but the decline was far...
Zimbabwe tobacco output rebounds, up 100 percent
Zimbabwe produced 119 million kgof tobacco in the 2009/10 season, double the previous year'soutput, an official said on Friday, as the sector recovers fromthe damage to commercial farming associated...
METALS-Copper firms near 4-mth highs, US data eyed
(Updates official prices, adds detail/comment) By Michael Taylor LONDON, Sept 3 (Reuters) - Copper rose on Friday to nearfour-month highs as short-covering and falling inventoriessupported ahead of...
SOFTS-ICE sugar hovers near 6-month peak, coffee rises
By David Brough and Nigel Hunt LONDON, Sept 3 (Reuters) - ICE raw sugar futures dipped onFriday, having nudged close to Thursday's six-month high, whilearabicas flirted with a 13-year peak and cocoa...
Germany says won't block Basel III deal
By Rachel Armstrong and Catherine Bosley SEOUL/BASEL, Switzerland, Sept 3 (Reuters) - Germany said onFriday it would not block a global deal on tougher bank capitaleven though a top central banker...
US STOCKS-Futures flat ahead of payrolls
By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stock index futures werelittle changed Friday ahead of the key monthly payrollsreport that will give investors insight on the state of...
-LG says to use competitive pricing for cheaper TVs
(Corrects headline, bulletpoint and first two paragraphs aftercompany corrected its translation to "competitive", not"aggressive") By Tarmo Virki, European technology correspondent BERLIN, Sept 2...