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• Wall St trims gains as tech shares fall (Reuters)
• HP launches $1.6 billion bid for 3PAR (Reuters)
• Potash pursues deal with possible white knights (Reuters)
• Guilty plea in Disney insider trading case (Reuters)
• AIG pays back $4 billion of U.S. loan (Reuters)
• How the major stock indexes fared Friday (AP)
• Business Highlights (AP)
• Summary Box: China Construction Bank profit rises (AP)
• HSBC in talks for $6.8B majority stake in Nedbank (AP)
• Oil hovers below $74 amid growth uncertainty (AP)
• Barneys appoints Mark Lee as new CEO (AP)
• Blackstone signs first major China housing deal (AFP)
• Hearings into cause of oil spill begin in Houston (AP)
• Ex-Chrysler exec Ridenour hired by UQM Tech (AP)

Wall St trims gains as tech shares fall (Reuters) Posted: 23 Aug 2010 07:33 AM PDT Reuters - Stocks cut gains on Monday, pulled lower by technology shares and as Hewlett-Packard Co fell after it launched a $1.6 billion bid for 3PAR Inc .

HP launches $1.6 billion bid for 3PAR (Reuters) Posted: 23 Aug 2010 08:03 AM PDT Reuters - Hewlett-Packard Co offered $1.6 billion for 3PAR Inc on Monday, topping technology rival Dell Inc's deal to buy the data storage company and potentially sparking a bidding war.

Potash pursues deal with possible white knights (Reuters) Posted: 23 Aug 2010 06:30 AM PDT Reuters - Canada's Potash Corp has been in contact with China's Sinochem and other possible counter-bidders as it fights off an unwanted $39 billion takeover offer from BHP Billiton.

Guilty plea in Disney insider trading case (Reuters) Posted: 23 Aug 2010 08:47 AM PDT Reuters - A man accused with his girlfriend of operating a "brazen" insider trading scheme involving Walt Disney Co stock pleaded guilty to conspiracy and fraud charges on Monday.

AIG pays back $4 billion of U.S. loan (Reuters) Posted: 23 Aug 2010 07:09 AM PDT Reuters - Bailed-out insurer American International Group Inc said on Monday it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far to reduce its debt to taxpayers.

How the major stock indexes fared Friday (AP) Posted: 20 Aug 2010 03:17 PM PDT AP - Stocks closed moderately lower Friday as investors' pessimistic view of the economy deepened. There was little reason for investors to buy. There were no reports to offset Thursday's disappointing news that growth in the domestic economy continues to slow.

Business Highlights (AP) Posted: 20 Aug 2010 02:54 PM PDT AP - Recession hits smart-phone makers in the chips

Summary Box: China Construction Bank profit rises (AP) Posted: 23 Aug 2010 08:51 AM PDT AP - GROWTH: State-owned China Construction Bank Ltd., the country's third-largest commercial lender, said its first-half profit rose 27 percent on a surge in fee-based businesses including credit cards and wealth management.

HSBC in talks for $6.8B majority stake in Nedbank (AP) Posted: 23 Aug 2010 04:06 AM PDT AP - British bank HSBC Holdings PLC said Monday it is in talks with financial group Old Mutual PLC to buy a controlling stake in Nedbank Group Ltd. of South Africa in a deal worth as much as $6.8 billion.

Oil hovers below $74 amid growth uncertainty (AP) Posted: 23 Aug 2010 01:21 AM PDT AP - Oil prices hovered below $74 a barrel Monday in Asia as uncertainty about the global economy's prospects outweighed possible production disruptions in the Gulf of Mexico due to hurricane season.

Barneys appoints Mark Lee as new CEO (AP) Posted: 23 Aug 2010 08:57 AM PDT AP - Luxury retailer Barneys New York has named Mark Lee, the former head of Gucci, as its new CEO.

Blackstone signs first major China housing deal (AFP) Posted: 22 Aug 2010 11:29 PM PDT AFP - US private equity giant Blackstone Group has signed a deal to make its first major investment in China's booming housing market, a report said Monday.

Hearings into cause of oil spill begin in Houston (AP) Posted: 23 Aug 2010 09:02 AM PDT AP - The official in charge of identifying and dealing with the risks of BP's offshore Gulf marine operations acknowledged Monday that he rarely had contact with a key manager at the owner of the rig that exploded April 20, setting off the massive oil spill.

Ex-Chrysler exec Ridenour hired by UQM Tech (AP) Posted: 23 Aug 2010 08:16 AM PDT AP - Former Chrysler Group Chief Operating Officer Eric Ridenour will join generator and electric motor manufacturer UQM Technologies Inc. on Sept. 1 and will take over as CEO on Dec. 1, UQM announced Monday.

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