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• Wall St tumbles one percent on oil's drop (Reuters)
• Cisco kills Flip camera in reorganization (Reuters)
• BP's Rosneft deal more uncertain after Sechin quits (Reuters)
• Nasdaq and ICE to continue offer for NYSE: Sprecher (Reuters)
• Trade gap falls in February as trade contracts (Reuters)
• FTSE steadies but gold hits new high (AFP)
• Japan quake's economic impact worse than first feared (Reuters)
• Allied Irish to cut 2,000 jobs after euro10 bln loss (AP)
• Greece raises $2.3 billion from financial markets (AP)
• Accused middleman admits guilt in U.S. insider case (Reuters)
• EU, IMF experts discuss bailout with Portugal (AFP)
• U.S. fast-food chains bet on India to drive growth (Reuters)
• A mortgage broker (Investor's Business Daily)
• Bank regulators propose swap rules (Reuters)
• Obama's debt cutting plan: Everything on the table (AP)
• Renault CEO under pressure as lieutenant quits (Reuters)
• Wanted: A New Kind of College Business Program (BusinessWeek)

Wall St tumbles one percent on oil's drop (Reuters) Posted: 12 Apr 2011 08:45 AM PDT Reuters - Stock indexes dropped 1 percent on Tuesday, hit by a sharp fall in oil prices and after Alcoa's lighter-than-expected revenue started the earnings season on a dour note.

Cisco kills Flip camera in reorganization (Reuters) Posted: 12 Apr 2011 08:43 AM PDT Reuters - Cisco Systems Inc will ditch its Flip video camera division as it overhauls its troubled consumer business, following chief John Chambers' recent admission that the company had lost its way.

BP's Rosneft deal more uncertain after Sechin quits (Reuters) Posted: 12 Apr 2011 08:58 AM PDT Reuters - BP's planned $18 billion tie-up with Russia's Rosneft was looking even more uncertain after chief backer Igor Sechin stood down as Rosneft chairman, and sources said BP faced a new legal challenge.

Nasdaq and ICE to continue offer for NYSE: Sprecher (Reuters) Posted: 12 Apr 2011 08:40 AM PDT Reuters - Nasdaq and Intercontinentalexchange Inc will continue to press management of rival exchange NYSE to accept their takeover offer, ICE CEO Jeffrey Sprecher said on Tuesday.

Trade gap falls in February as trade contracts (Reuters) Posted: 12 Apr 2011 08:07 AM PDT Reuters - The trade deficit shrank in February as imports fell more than exports, according to a government report on Tuesday that suggested a slowdown in global demand.

FTSE steadies but gold hits new high (AFP) Posted: 11 Apr 2011 04:04 AM PDT AFP - London shares steadied on Monday, as traders tracked the latest news over a possible EU-IMF bailout for Portugal, but safe-haven gold hit another record pinnacle.

Japan quake's economic impact worse than first feared (Reuters) Posted: 11 Apr 2011 11:40 PM PDT Reuters - The economic damage from Japan's massive earthquake and tsunami last month is likely to be worse than first thought as power shortages curtail factory output and disrupt supply chains, the country's economics minister warned on Tuesday.

Allied Irish to cut 2,000 jobs after euro10 bln loss (AP) Posted: 12 Apr 2011 02:27 AM PDT AP - Allied Irish Banks announced Tuesday it will cut more than 2,000 jobs after reporting a 2010 net loss of euro10.36 billion ($15 billion), by far the worst in its history.

Greece raises $2.3 billion from financial markets (AP) Posted: 12 Apr 2011 06:58 AM PDT AP - Debt-heavy Greece managed to borrow euro1.62 billion ($2.34 billion) in short-term loans from financial markets on Tuesday, at an interest rate that was only marginally higher than in a similar debt auction last month.

Accused middleman admits guilt in U.S. insider case (Reuters) Posted: 11 Apr 2011 02:19 PM PDT Reuters - A mortgage broker who secretly recorded two friends accused of trying to cover up one of the biggest U.S. insider trading cases on record pleaded guilty to involvement in the 17-year scheme.

EU, IMF experts discuss bailout with Portugal (AFP) Posted: 12 Apr 2011 08:35 AM PDT AFP - EU and IMF experts began work Tuesday with Portugal on working out the details of an 80-billion-euro bailout package which is seen locally as a painful humiliation.

U.S. fast-food chains bet on India to drive growth (Reuters) Posted: 11 Apr 2011 07:32 AM PDT Reuters - The scramble by global food companies into India's fast food sector intensified on Monday as several U.S. chains announced plans to enter the country, hoping to tap the surging spending power in Asia's third-largest economy.

A mortgage broker (Investor's Business Daily) Posted: 11 Apr 2011 03:34 PM PDT Investor's Business Daily - A mortgage broker who secretly recorded 2 friends charged with trying to cover up an insider trading case pleaded guilty to involvement in the $32 mil scheme. Kenneth Robinson admitted to being a middleman funneling information about pending mergers between trader Garrett Bauer and lawyer Matthew Kluger, who allegedly stole the details from law firms where he worked. Kluger and Bauer have not yet entered pleas.

Bank regulators propose swap rules (Reuters) Posted: 12 Apr 2011 08:15 AM PDT Reuters - Energy companies, airlines and other end-users would be mostly exempt from having to put up costly collateral when using uncleared swaps to hedge their business risks, under a proposal issued by U.S. bank regulators on Tuesday.

Obama's debt cutting plan: Everything on the table (AP) Posted: 11 Apr 2011 06:51 PM PDT AP - President Barack Obama, plunging into the rancorous struggle over America's mountainous debt, will draw sharp differences with Republicans Wednesday over how to conquer trillions of dollars in spending while somehow working out a compromise to raise some taxes and trim a cherished program like Medicare.

Renault CEO under pressure as lieutenant quits (Reuters) Posted: 12 Apr 2011 08:22 AM PDT Reuters - The departure of Renault's number two executive over a spying-turned-fraud debacle heaps pressure on Chief Executive Carlos Ghosn when the carmaker is trying to win investor support for its growth plans.

Wanted: A New Kind of College Business Program (BusinessWeek) Posted: 12 Apr 2011 05:08 AM PDT BusinessWeek - More than ever, American business needs leaders who are creative and flexible enough to innovate in a complex, competitive, global economy. The recent near-collapse of the world economy underscores the importance of business professionals who can act with foresight and integrity, aware of the public impact of their decisions. Business is the largest college major in the country, and undergraduate business programs should be critical sites for preparing such leaders. ...

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