Oil falls below $74 on EU bank debt worries (AP)

AP - Oil prices skidded below $74 a barrel Wednesday in Asia as crude traders followed regional stocks down on reports European banks may be saddled with more debt than previously estimated.

U.S. judge refuses to lift ban on government stem cell funds (Reuters)

Reuters - A U.S. judge refused on Tuesday to lift a ban on federal funding of human embryonic stem cell research despite Obama administration warnings it would set back key research and cost more than a thousand jobs.

Asian shares slip as rising yen hits Nikkei (Reuters)

Reuters - Asian stocks fell on Wednesday, with Japan's big exporters among the heaviest losers as a rise in the yen to a new 15-year high threatens to erode their overseas earnings.

Japan's intervention hints fail to stop yen rally (Reuters)

Reuters - Japan's government sharpened its rhetoric on foreign exchange intervention on Wednesday as a rise in the yen to a 15-year high underlined concerns that the currency's strength could threaten the economic recovery.

Industrial court hearing begins into gymnast's death

A hearing into the death of a teenage gymnast has begun in the Industrial Magistrates Court in Townsville in north Queensland.

Film industry hires cyber hitmen to take down internet pirates

The film industry is using pirate tactics to beat the pirates – by employing “cyber hitmen” to launch attacks that take out websites hosting illegal movies.

Gunmen burst into factory in Honduras, kill 18

Men armed with assault rifles burst into a shoe factory and opened fire Tuesday, killing at least 18 workers and wounding five, Honduran authorities said.

34 rescued from China oil platform accident (AP)

AP - Emergency teams with helicopters rescued 34 workers Wednesday from an oil drilling platform that was leaning dangerously in the East China Sea after a storm, and searched for two others still missing, officials said.

Defense industry at risk from slow demand

Washington (UPI) Sep 7, 2010 The U.S. defense industry, currently top of global rankings with a record $700 billion turnover in 2009, risks losing its pre-eminence due to slowing demand and growing competition from rivals in Asia and South America. Warnings of an impending slump followed a spate of defense cutbacks in Europe, the end of U.S. combat role in Iraq and predictions of a drop in U.S ...

Congress Republicans wary of Obama economy plan (Reuters)

Reuters - Republicans in Congress showed little willingness to help President Barack Obama approve billions of dollars in measures to boost the economy with midterm elections less than two months away.

Gunmen burst into factory in Honduras, kill 15

Men armed with assault rifles burst into a shoe factory and opened fire Tuesday, killing at least 15 workers and wounding eight, Honduran authorities said.

Democrats Face GOP Election Day Tsunami in House, Senate (Time.com)

Time.com - There are still 60 days to go before Election Day but the smart money -- lots of it -- is on the GOP winning very, very big

Factory workers massacred

MEN armed with assault rifles have burst into a shoe factory in Honduras and opened fire, killing at least 15 workers.

New top climate change negotiator appointed (AFP)

AFP - The government Tuesday announced the appointment of a new chief negotiator and ambassador for climate change whose mandate will be to try implement agreements made at the talks in Copenhagen.

Industry funds moving on retirement products

More than 80 per cent of industry superannuation funds expect to have some sort retirement solution product in place within the next three years – and half of those expect the services to be delivered by the funds themselves.

Iraq displays hundreds of recovered artifacts (AP)

AP - Iraq displayed hundreds of recovered artifacts Tuesday that were among the country's looted heritage and span the ages from a 4,400-year-old statue of a Sumerian king to a chrome-plated AK-47 bearing Saddam Hussein's image.

Eastday-Industrial production set to slow

China's industrial production growth may slow to about 10 percent in the second half of the year, compared to an average increase of 17.6 percent in the first six months, according to Xin Guobin, a department head at the Ministry of Industry and Information Technology.

Study of Men Dancing Reveals Moves Ladies Love (LiveScience.com)

LiveScience.com - Using computer-generated avatars, psychologists say they have unlocked the dance moves that will capture a woman's heart. Apparently the speed of a man's right knee and the size and variety of movements of the neck and torso are key, they suggest.

Renewable energy touted at Nevada policy 'summit' (AP)

AP - With clean-energy legislation trapped in a political deadlock, renewable-energy advocates called big business the new leader in the nation's green revolution during a national summit meeting Tuesday.

Big aftershock freshly damages New Zealand city (AP)

AP - A magnitude-5.1 aftershock hammered New Zealand's earthquake-hit city of Christchurch on Wednesday morning, freshly damaging buildings, sparking evacuations and prompting the extension of a state of emergency for another week.

Suddenly, a raft of tax-break proposals from Obama (AP)

AP - President Barack Obama's proposed tax breaks for business sound like ideas that have enjoyed broad Republican backing in the past. But in today's toxic political atmosphere, he's unlikely to get much — if any — GOP help.

Report: BP probe to spread blame for spill (Reuters)

Reuters - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.

HP sues to stop ex-CEO Hurd joining Oracle (Reuters)

Reuters - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."

Flow International posts small 1Q loss (AP)

AP - Flow International Corp., a maker of industrial waterjet machines for cutting and cleaning, nearly washed away a first-quarter loss.

US judge denies request to lift stem cell funds ban (AFP)

AFP - A US federal judge denied Tuesday the White House's request to drop his decision to temporarily block federal funding for embryonic stem cell research pending an appeal of the decision.

Defense industry at risk from slowing demand

WASHINGTON, Sept. 7 (UPI) -- The United States defense industry, currently top of global rankings with a record $700 billion turnover in 2009, risks losing its pre-eminence due to slowing demand and growing competition from rivals in Asia and South America. United States - Asia - Defense industry - United Press International - South America

Students Help NASA Crash Satellite On Purpose (SPACE.com)

SPACE.com - When a NASA satellite met its doom in a fiery blaze in Earth's atmosphere after a seven-year mission, a bunch of college students were at the controls.

Microbes are eating BP oil without using up oxygen (AP)

AP - Government scientists studying the BP disaster are reporting the best possible outcome: Microbes are consuming the oil in the Gulf without depleting the oxygen in the water and creating "dead zones" where fish cannot survive.

Factory output seen at 10%

Annual growth in Chinese factory output will slow to 10% in the second half of this year, a government has said. Beijing's drive against property speculation will reduce demand for everything from steel and cement to furniture.

Gov't launches plan to help "underwater" borrowers (AP)

AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.

Post-holiday pump prices should slide (AP)

AP - Motorists should see pump prices slide again after spending a little more to fill their tanks over the Labor Day weekend.

Bullish or Bearish? The World's Greatest Investors Debate. (The Motley Fool)

The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.

Sinochem approaches Temasek on Potash bid (Reuters)

Reuters - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

Boston Industrial Leasing Activity Steady In Q2

Industrial activity for areas north and south of Boston remained steady in the second quarter, with very few large deals transacting, according to a recent report from Jones Lang LaSalle.

INDUSTRY & ECONOMY

INDUSTRY ASSOCIATIONS: Mining cos say no to sharing profits, offer more to royalty fund Mining outfits opposing the Government's proposal to share profits with land losers are now willing to increase their contribution from 10 to 26 per cent to a royalty-linked development fund for the welfare of such ...

Study Finds Industry-funded Drug Trials Yield More Favorable Results

Drug trials funded by industry are more likely to report positive outcomes than are trials funded by other sources. They also are less likely to be published within two years of completion of the study. Those findings come from a study published in the Aug. 3 issue of Annals of Internal Medicine.

Ex-budget chief differs with Obama on U.S. tax cuts (Reuters)

Reuters - Tax cuts should be extended for all Americans to help spur the economy, but even the middle-class cuts should end in two years, former U.S. budget director Peter Orszag said on Tuesday.

Digital River buys Journey Education Marketing (AP)

AP - Digital River Inc. on Tuesday said that it has bought online software and book retailer Journey Education Marketing Inc. for an undisclosed amount.

2 Asteroids to Pass Earth Closer Than the Moon (SPACE.com)

SPACE.com - In an unprecedented event for astronomers, two asteroids will swing past the Earth Wednesday at a distance closer than the moon.

Financial Sheriffs to Monitor Banks, Markets in European Union (Time.com)

Time.com - A trio of financial sheriffs will oversee finance in the entire European market

EU OKs new financial supervision deal (AP)

AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.

SEC's Schapiro: "Flash crash" report expected by month end (Reuters)

Reuters - The top U.S. securities regulator said on Tuesday that the follow-up report on what might have caused the May "flash crash" is expected by the end of September.

Scientists Drill into Ancient, Underwater Coral Reef (LiveScience.com)

LiveScience.com - A voyage to the outer edges of Australia's Great Barrier Reef has brought back pieces of an ancient, fossilized ancestor to the vast, living ecosystem.

Kan. factory worker charged with murdering teen girl whose burned body was found at workplace

A 36-year-old factory worker who spent much of his adult life in prison was charged Tuesday with sexually assaulting and murdering a 14-year-old girl whose badly burned body was found behind gra...

Industry veteran Bob Clements dies

STAMFORD, Conn.—Industry veteran Robert Clements, a former Marsh & McLennan Cos. Inc. executive who played a key role in the development of the Bermuda insurance market, died Saturday. The cause was cancer. He was 77.

Three Industrial Warehouses To Be Sold at Auction - Two Will Sell Regardless of Price!

Three industrial warehouse/office buildings will be sold on-site at auction on September 28, 29, and 30. These properties are located in Greensboro, NC, Fort Wayne, IN, and Cantonment, FL. Â The Greensboro and Fort Wayne properties will be sold regardless of the price!

Industrial Controls Releases Sourcebook

Wanamassa, NJ - August 30, 2010 - Industrial Controls Distributors LLC, the leading distributor of HVAC, process instrumentation, and valves, is pleased to announce the release of their first sourcebook. The 1,200 page full color catalog is the most comprehensive ever combining the controls, instrumentation and valves used by commercial and industrial facilities throughout the country. The 19 ...

Industrial Alliance buys Golden State Mutual business for US$11 million

Industrial Alliance Insurance and Financial Services Inc., Canada’s fourth-biggest insurer, said Friday it has acquired the life insurance policies of California-based Golden State Mutual for US$11 million.

UK industry opposes any North Sea drilling ban

Britain's leading oil industry association argued Tuesday that it is unnecessary to impose a moratorium on new drilling in the North Sea until the Gulf of Mexico spill is fully investigated because British regulation is better, making a similar disaster there unlikely.

The Treasury's New Research Office (BusinessWeek)

BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...