World News Center
A Dearth of Work for China's College Grads (BusinessWeek)
September 3, 2010BusinessWeek - The job hunt came as a shock. The 23-year-old job seeker graduated in June from a good school -- Beijing University of Technology -- with a bachelor's degree in materials science, a subject he figured would appeal to employers. Yet he had to go through scores of interviews and comb the online job sites endlessly before landing a job at a local trading company. Happy ending? Barely. The pay, $368 a month, is meager by Beijing standards, so he has had to move back in with his parents and he's too ashamed about the outcome of his job search to give his name. ...
S.Korea's Kia to recall 35,000 cars in US (AFP)
September 3, 2010
AFP - South Korea's second largest carmaker Kia Motors said Friday it is recalling about 35,000 vehicles sold in the United States due to faulty wiring in interior lights that could cause fires.
Stock index futures dip ahead of payrolls (Reuters)
September 3, 2010
Reuters - Stock index futures pointed to a slightly lower open on Wall Street on Friday, with futures for the S&P 500 down 0.21 percent, Dow Jones futures down 0.17 percent and Nasdaq100 futures flat at 0725 GMT (3:25 a.m. ET).
'Crocodile Dundee' to return to US amid tax fray (AP)
September 3, 2010
AP - Actor Paul Hogan, star of the "Crocodile Dundee" movie trilogy, has been cleared to return home to the United States after he was barred last month from leaving Australia because of a disputed tax bill, his lawyer said Friday.
Latest Gulf oil rig problem differs from BP spill (AP)
September 3, 2010
AP - Stark differences exist between the oil platform fire in the Gulf of Mexico and the blast that led to the massive BP spill. Mostly notably, no one was killed and no crude was gushing into the water, but the distinctions don't end there.
Con man could get life under Calif. 3-strikes law (AP)
September 3, 2010AP - A man accused of bilking elderly South Los Angeles residents out of their homes in a foreclosure scam is facing a potential life sentence in a rare use of California's three-strikes law for a white-collar crime.
Business Highlights (AP)
September 3, 2010AP - Discounts spur surprising Aug. retail sales gains
IMF to give Pakistan $450 mln in flood aid (Reuters)
September 3, 2010
Reuters - The International Monetary Fund will give Pakistan $450 million in emergency flood aid and disburse funds in September to help the country's economy cope with the devastation, the head of the IMF said on Thursday.
5 Tax Moves to Make Now (U.S. News & World Report)
September 3, 2010U.S. News & World Report - It may seem a bit strange to be talking about income taxes in September. There are, however, good reasons to think about taxes well before April 15. For starters, there are some big changes in the tax code that go into effect in 2011. Depending on your income tax bracket and investments, some simple planning now could save you a bundle later.
EU reaches deal on cross-border financial supervisors (AFP)
September 3, 2010
AFP - Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucial milestone" in efforts to reform a sector blamed for the global recession.
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