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Business News

Asian shares slip as rising yen hits Nikkei (Reuters)

Traders work on the floor of the New York Stock Exchange, September 7, 2010.REUTERS/Brendan McDermidReuters - 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.


Obama pitches spending and tax incentives in Ohio (Reuters)

FILE - In this July 21, 2010 file photo, President Barack Obama shakes hands with Sen. Blanche Lincoln, D-Ark. in Washington. The days of Barack Obama traipsing the country in freewheeling campaign mode — with sky-high popularity serving as an asset to all Democratic candidates — are long over. And the White House knows it. (AP Photo/Charles Dharapak, File)Reuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.


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

US computer titan Hewlett-Packard filed a complaint against former chief executive Mark Hurd, pictured in 2007, on Tuesday, a day after he was named a co-president at US business software giant Oracle.(AFP/Getty Images/File/Justin Sullivan)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."


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

A man using a mobile phone stands in front of an electronic board displaying the exchange rate between the U.S. dollar and Japanese yen at a business district in Tokyo September 7, 2010. REUTERS/Toru HanaiReuters - 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.


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.