Crude oil whiplash? Blame the banks

PrintCommentBy Colin Barr June 16, 2011: 6:37 AM ET Want to see the plump financial tail wag the scrawny economic dog? Look no further than the wild, wooly oil markets.Crude futures for delivery next month tumbled $4 and change in New York Wednesday, marking their biggest decline in a month. The recession obsession being what it is, the selloff was taken as confirming poor prospects for U.S. growth and rising risks that...

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Crude oil whiplash? Blame the banks

PrintCommenBy Colin Barr June 16, 2011: 6:37 AM ET Want to see the plump financial tail wag the scrawny economic dog? Look no further than the wild, wooly oil markets.Crude futures for delivery next month tumbled $4 and change in New York Wednesday, marking their biggest decline in a month. The recession obsession being what it is, the selloff was taken as confirming poor prospects for U.S. growth and rising risks that...

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Kansas City Chiefs lose Matt Cassel to leg injury

Chiefs quarterback Matt Cassel grabs his left leg after he was sacked in the first quarter Saturday. (Dilip Vishwanat / Getty Images / August 29, 2009)Matt Hasselbeck threw for 216 yards and two touchdowns with newly signed Edgerrin James watching on the sideline, leading the Seattle Seahawks to a 14-10 win over the Kansas City Chiefs on Saturday night in Kansas City, Mo., in a game in which the Chiefs lost quarterback Matt Cassel to a leg injury.James,...

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Dollar and euro face summer of uncertainty

PrintCommentBy Charles Riley June 15, 2011: 2:12 PM ETClick chart for more currencies data.NEW YORK (CNNMoney) -- The euro sank to its lowest level against the dollar this month, as Greek protestors gathered in Athens and some hurled petrol bombs at the Ministry of Finance.The unrest, and news that European governments had failed to agree on a bailout, pushed the euro to as low as $1.419 against the dollar in early trading Wednesday. Europe's...

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Premier League round-up

Chelsea and Tottenham both maintained their 100 per cent starts to the new season on an afternoon when Liverpool came from behind to beat Bolton.Champions Manchester United also hit back in the evening game to defeat Arsenal 2-1 at Old Trafford.The Gunners controlled much of the first half and took the lead through an excellent long-range strike from Andrey Arshavin five minutes before the interval.United improved in the second period and Wayne Rooney...

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The 7 Irrefutable Rules Of Small Business Growth - Wiley

Throughout much of the 1980s and 1990s, I was president of three different fast-growth businesses. In each case, these businesses went from pretty small to considerably bigger (but still pretty small in the grand scheme of things). The biggest one reached more than $12 million in revenue and 100 employees, and all three went through significant growth phases.At a relatively early age, I did learn a few things about what it takes to grow...

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Britain’s Second-Quarter Economic Growth Probably Eased to 0.2%

More From Businessweek    German July Ifo Business Confidence Falls More Than Forecast    U.K. Retail Sales Rise as Stores Cut Prices to Lure Shoppers    U.K. Consumer Confidence Falls as Outlook for Economy Darkens    Gilts Drop After Bank of England Minutes as Haven Appeal Wanes    Billionaire Lebedev Interested in Remaking News of the WorldStory Tools    add to Business Exchange    E-mail    PrintBy Fergal O’Brien and Mark...

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Management Tips from an 80-Year-Old Badass

Florida Marlins skipper Jack McKeon may not Twitter, but so what? This octogenarian knows his baseball and runs a tight shipBy Joel Stein Illustration by John Ueland; McKeon: Otto Greule Jr/Getty Images; Field: Nick Laham/Getty ImagesNot wearing a hearing aid is one of the many tricks Jack McKeon has learned during his six decades in baseball. “I used to be a very strong disciplinarian,” says McKeon, sitting in the Oakland Coliseum one recent afternoon as his players take batting practice. “Then I decided to back off a little bit....

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New York to Open Gay-Marriage Era as Lottery Winners Celebrate

By Esmé E. DeprezJuly 22 (Bloomberg) -- Two grooms and two brides now adorn mugs, rubber duckies and snow globes in the souvenir shop of the City Clerk’s office in Manhattan as New York state prepares to allow same-sex couples to marry.The city received 823 lottery entries from couples for 764 spots available for marriage at clerks’ offices July 24, said Marc LaVorgna, a spokesman for Mayor Michael Bloomberg. To accommodate all of the couples who applied, the city increased the number of slots in Manhattan to 459 from 400, he said.Jo-Ann Shain...

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AT&T customers try to block merger with T-Mobile

Talk about a David and Goliath story. The New York-based law firm of Bursor & Fisher is working with some AT&T customers in the hopes of blocking AT&T's proposed $39 billion acquisition of T-Mobile.AT&T to buy T-MobileThe firm is working on behalf of a small group of AT&T customers to demand arbitration from the company, which is the second largest wireless phone company in the U.S. and one of the biggest political contributors...

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DOJ takes swipe at EFF over encryption passphrases

The U.S. Department of Justice took a thinly veiled swipe at an online civil liberties group that's arguing a Colorado woman can't be forced to decrypt her laptop for police inspection.In a legal brief filed yesterday in what is likely to be a precedent-setting case, the Justice Department claimed that the Electronic Frontier Foundation had previously agreed that being forced to type in your passphrase was legal and did not violate Americans' rights...

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Microsoft sued over Kinect for patent infringement

A Bay Village, Ohio, company has sued Microsoft for allegedly infringing on its patents with the rapidly selling Kinect motion-sensing video game controller.Microsoft's Kinect for Xbox 360(Credit: CNET)Impulse Technology filed the suit in federal court in Delaware, accusing Microsoft and several game makers--including Electronic Arts, Ubisoft, and THQ--of violating patents related to, among other things, tracking and assessing movement skills in...

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Clearwire ditches plans to produce phones, satisfied Sony Ericsson drops logo lawsuit

We thought Clearwire might have had a chance at legal victory against Sony Ericsson, but the wireless carrier has apparently dropped out of the ring. Clearwire told a federal court it no longer plans to produce a smartphone -- which basically nullified Sony Ericsson's worry that upcoming Clearwire handsets would oh-so-similar swirling orb logo. As a result, Sony Ericsson's reporting today that it's dropped the trademark infringement lawsuit, which...

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No “Hollywood victory moments” in the budget fight

Boehner didn’t cave on the budget deal this weekend, as some feared he would. The prior fears were not by any means inexplicable. Republicans in Washington are speaking mildly rather than trenchantly, and taking slings and arrows from the chattering class. There’s no Terminator-type trash talk coming from them. All the movement and fury seems to be on the Democrats’ side.And that makes sense, because it’s the Democrats who occupy indefensible ground....

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Video: Talking class warfare, Casey Anthony, and MN shutdown on Tom Sullivan Show

Earlier this week, I taped an appearance on the Tom Sullivan Show, which aired for the first time yesterday on Fox Business Channel. Tom put together a good panel, with Lauren Simonetti from Fox Business and economist Lindsey Piegza.We went through two rather similar topics in the Minnesota shutdown, which comes at the end, and the ramped up class-warfare rhetoric coming out of the White House of late. We also debated whether cameras in courtrooms...

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Quotes of the day

“Sunday evening’s much anticipated deficit-reduction meeting at the White House, involving President Barack Obama and congressional leaders, concluded after negotiations that lasted about 1 1/2 hours.“When asked before the start of Sunday’s talks if a deal could be reached within 10 days, Obama told reporters, ‘We need to.’”***“‘You have to have a backup plan. If you are relying on Congress to avoid the possibility of an Armageddon, you can’t just...

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Video: Hume: The Obama DOJ reminds me of nothing so much as the Nixon Justice Department

Last week, of course, was a big week in the investigation of Operation Fast and Furious, the international gunrunning scandal that Obama administration officials still refuse to clear up. Today, Fox News senior political analyst Brit Hume characterized the ongoing scandal perfectly:“This Obama Justice Department reminds me of nothing so much as the Nixon Justice Department,” Hume said on Fox News Sunday. “You have the scent of high-level knowledge...

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Pawlenty plays it safe — but smart — on homosexuality

GOP presidential hopeful and former Minnesota Gov. Tim Pawlenty said today he’s not sure whether homosexuality is genetic or behavioral. Political Ticker reports:“As I understand the science, there’s no current conclusion that it’s genetic,” Pawlenty said Sunday on NBC’s “Meet the Press.”Saying he preferred to “defer to the scientists” about the issue, the former Minnesota governor said it was unclear if being gay or lesbian was a lifestyle choice.“There’s...

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Marine to Mila Kunis: Let’s me and you hook it up at the Marine Corps Ball; Mila Kunis to Marine: Okay

I’m trying to read this guy’s mind and figure out whether he cut the video as a goof, just messing around on a slow day at war, or whether this was actually part of a brilliantly clever scheme to make it happen. Step one: Film the clip, in full bad-ass uniform, replete with a cutesy move with the shades. Step two: E-mail it out to friends and friends of friends and wait for it to go viral. Step three: Hope that some entertainment reporter stumbles...

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Bachmann: Who needs executive experience if it means more big government?

Politico notes, correctly, that this is a great line directed at Romney, an “eh” line directed at Pawlenty, and a dumb line directed at Perry or Palin. There’s no obvious way out of this box: After four years of blaming the failures of Hopenchange in part on The One having never run so much as a lemonade stand, how do Republicans turn around now and take a chance on Bachmann?Bachmann said executive experience doesn’t matter if it comes with “more...

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Snowe: No Social Security or Medicare cuts in the debt-ceiling deal

Via Think Progress, which asks a good question. If Snowe’s serious about a balanced-budget amendment, why rule out a deal on entitlements right now when there’s a tiny (emphasis on “tiny”) bit of political momentum to make big changes to the budget? If she thinks Medicare’s too tough a nut to crack when we’re facing armageddon in three weeks, wait until millions more boomers are on the rolls and she has to deal with cuts every. single. year.Another...

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