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Today's Business Headlines from MSNBC.com
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Business
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Asian markets rebound
Asian markets rebounded Monday, taking their cue from Wall Street's recovery
late last week after the Federal Reserve cut a key interest rate. The Tokyo
benchmark index jumped 3.0 percent after ending last week with its biggest
point drop in more than seven years.
http://www.msnbc.msn.com/id/20355574/
Nasdaq to sell stake in London Stock Exchange
The Nasdaq Stock Market Inc. said Monday it is looking at ways to offload its
31 percent stake in the London Stock Exchange Group PLC, reversing its earlier
position that it did not intend to sell the shares.
http://www.msnbc.msn.com/id/20355904/
Lowe's 2Q profit rises 9 percent
Lowe's Cos., the nation's second largest home improvement chain, said Monday
that its second-quarter profit rose 9 percent on higher overall revenue.
http://www.msnbc.msn.com/id/20355892/
Bernanke's response to crisis
Wall Street rejoiced when the Fed cut the interest rate on loans to banks and
indicated that it would do what it takes to protect the economy from problems
in the markets. But the Fed, chaired by Bernanke, was not as disengaged before
Friday as conventional wisdom suggested, and it is not now as eager to take
dramatic action as some investors seem to hope, close watchers of the central
bank say.
http://www.msnbc.msn.com/id/20339772/
Red Sox expand reach in sporting world
Like striped bass in Boston Harbor, opportunities abound for Fenway Sports
Group, a Red Sox sister company that is expanding the team's marketing reach
into college sports, auto racing, golf, concerts and even beach volleyball. The
Red Sox famously dubbed the New York Yankees an "Evil Empire"; in truth, it's
on the Boston ballclub that the sun never sets.
http://www.msnbc.msn.com/id/20348758/
Struggling toy industry in a tricky spot
A massive toy recall by Mattel Inc. reveals an ugly side to that cost-cutting
drive in the toy industry. The sacrifice of safety just to provide cheap toys
is something everyone will have to pay for.
http://www.msnbc.msn.com/id/20302089/
'Superbad' delivers super debut at box office
"Superbad" was super good at the box office, proving that a no-name cast could
hold its own amid A-list summer blockbusters.
http://www.msnbc.msn.com/id/20347805/
Teen marketing: Why Apple's the master
Apple is inevitably at the top of every brand list for teens. But widespread
teen affection for the iPod didn't happen overnight. Like most trends among
youth, it began with the cool hunters and early adopters telling everyone this
would be the next big thing.
http://www.msnbc.msn.com/id/20321611/
Fed cuts rate for loans to banks
The Federal Reserve approved a half-percentage point cut in its discount rate
on loans to banks Friday, a dramatic move designed to stabilize financial
markets roiled by a widening credit crisis.
http://www.msnbc.msn.com/id/20317894/
Is there really a retirement savings crisis?
Despite warnings of an impending "crisis" when it comes to Americans saving
enough for retirement, recent statistics paint a less harsh picture.
http://www.msnbc.msn.com/id/20296654/
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