Wednesday, September 15, 2010

Lehman Seeks $3 Billion From CIBC



Japan moves to weaken yen
Washington Post
By Chico Harlan Japan on Wednesday intervened in the foreign currency market for the first time in six years, buying dollars as a means to weaken the yen and lower the price of Japanese exports overseas. The move came after weeks of pressure from ...
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Ahead of the Bell: Industrial production
BusinessWeek
By DANIEL WAGNER Industrial production likely rose modestly in August as lower output at auto factories offset other gains. Economists expect that production at the nation's factories, mines and utilities grew 0.2 percent last month after a 1 percent ...
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Air Products Nominees Win Three Seats on Airgas Board
BusinessWeek
By Jack Kaskey Sept. 15 (Bloomberg) -- Airgas Inc. shareholders threw their support behind Air Products & Chemicals Inc.'s proposed $5.5 billion hostile takeover by voting for all of the bidder's director nominees and proxy questions. ...
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Beazer more cautious on new home orders outlook
BusinessWeek
Beazer Homes USA Inc. said Wednesday that new home orders for the fiscal year may not exceed the prior year's results, partly because of the expired first-time homebuyers' tax credit. The homebuilder previously predicted that fiscal 2010 new home ...
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Empire State, Japan, Boeing in the spotlight
MarketWatch
By MarketWatch US stock index futures added to losses after the Federal Reserve Bank of New York's manufacturing index posted an unexpected fall, while the dollar rebounded against the yen after Japan intervened in currency market's to halt the yen's ...
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Enbridge says Line 6A repairs completed Tuesday
Reuters
DALLAS, Sept 15 (Reuters) - Enbridge Inc's (ENB.TO) shut 670000 barrel-per-day (bpd) Line 6A crude oil pipeline was repaired Tuesday night, a company spokeswoman said on Wednesday. Enbridge does not know when it will receive permission from federal ...
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Reuters
EU seeks tougher rules for financial markets
BusinessWeek
The European Commission is seeking tough curbs on some of the financial market practices that have been seen as key contributors to the global market crisis. EU Services Commissioner Michel Barnier wants the freedoms of the derivatives market to be ...
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AK Steel Sees Operating Loss, Gain in Iron-Ore Prices
BusinessWeek
By Laura Marcinek Sept. 15 (Bloomberg) -- AK Steel Holding Corp., the third- largest US steelmaker by 2009 sales, revised its third-quarter forecast to an operating loss because of sooner-than-planned maintenance and increasing iron-ore prices. ...
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Lehman Seeks $3 Billion From CIBC, Others in Lawsuits
ABC News
By Chelsea Emery and Jonathan Stempel NEW YORK (Reuters) - Lehman Brothers Holdings Inc has sued Canadian Imperial Bank of Commerce and dozens of other defendants to recover more than $3 billion it said it was deprived of as a result of its record ...
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BP's Hayward to Testify to UK Lawmakers on Spill
ABC News
AP By DAVID STRINGER AP Writer Outgoing BP CEO Tony Hayward defended his company's safety record Wednesday in the face of questions from British lawmakers about the Gulf of Mexico oil spill, months after he offered few explanations for the accident at ...
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