MAGNAGLOBAL

BP bill for Gulf oil spill hits $8bn

2010-09-03T19:51:37Z

BP said it had spent almost $2bn in the last month responding to its Gulf of Mexico oil spill, even as it plugged the leak, taking its total bill for the catastrophe to $8bn

Goldman to Shut Principal Strategies Unit

2010-09-03T19:49:57Z

Goldman Sachs has decided to close its principal-strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by Congress.

NetApp Gaining In Storage

2010-09-03T19:43:01Z

The Internet age sparks creation of a ton of data, which is great for storage systems vendors. The new quarterly report from research firm IDC shows some big growth for the five industry leaders, but no one outpaced NetApp (NTAP) .

Its revenue (disk storage systems factory…

UPS Cargo Plane Crashes Near Dubai

2010-09-03T19:41:30Z

A United Parcel Service Inc.-operated cargo plane, with two crew members aboard, crashed Friday evening on takeoff outside the city of Dubai, according to an initial statement from the company. UPS didn’t confirm any casualties. But the United Arab Emirates’ official state media reported the bodies of two pilots had…

Goldcorp to Buy Andean

2010-09-03T19:12:00Z

Canadian miner Goldcorp said it had reached a deal to buy Andean Resources in a deal that values the gold company at around $3.42 billion.

Probe Begins Into Mariner Platform Fire

2010-09-03T19:03:27Z

The federal government started an investigation into Thursday’s fire at Mariner Energy’s offshore platform in the Gulf of Mexico.

T-Mobile USA in Talks to Carry Huawei Phone

2010-09-03T18:56:50Z

T-Mobile USA is in talks to distribute Huawei Technologies’s new Google-powered smartphone this holiday season. The Ideos phone could be priced under $100 in the U.S.

Stocks Could Snap 3-Week Skid

2010-09-03T18:55:29Z

Investors looked set to enter the long weekend on a high note, riding an encouraging jobs report to send the stock market to its best pre-Labor Day week in two decades.

U.S. Private Sector Adds 67,000 Jobs

2010-09-03T18:47:03Z

The U.S. economy lost 54,000 jobs in August as census workers continued to exit payrolls, but the private sector added 67,000 jobs. The unemployment rate rose to 9.6%.

HP says cost for 3Par deal worth it

2010-09-03T18:42:36Z

Hewlett-Packard says its victory over Dell in the bidding war for storage technology company 3Par, should secure its lead over its rival in the important data storage segment