Wholesale Inventories Rise Sharply In July

(RTTNews) - US wholesale inventories rose the most in two years in July, a sign that merchants expect consumer demand to pick up. Inventories rose 1.3% to $405.0 billion in July from the previous months upwardly revised levels, according to a report from the Commerce Department released Friday.

More time spent on Facebook than Google: comScore (AFP)

AFP - US Web surfers spent more time on Facebook than on Google sites in August, the first time the social network has surpassed the Internet titan, online tracking firm comScore said Friday.

Fiji government, opposition settle online censorship row (AFP)

AFP - Fiji's main opposition Labour Party said Friday it had resolved a stand-off with the nation's military government over whether it needed to submit online statements for vetting before publication.

Mozambique blocked text messaging after riots: report (AFP)

AFP - Mozambique's telecom authority ordered cell phone operators to block all text messages, after a viral campaign sparked riots last week, independent media said Friday.

Wholesale Sales and Inventories Rose in July

Unfortunately, the new report indicates little need for job growth. Wholesale - Inventory - Business - Salesmanship - Marketing and Advertising

Capstead Mortgage shares fall on dividend cut (AP)

AP - Shares of Capstead Mortgage Corp. fell Friday after the real estate investment trust cut its dividend for the fifth straight quarter.

Oil price surges after Midwest pipeline shuts down (AP)

AP - Oil prices surged Friday after a pipeline that delivered oil to Midwest refineries was shut down, raising questions about how long the supply may be disrupted.

Apple releases slew of printer driver updates (Macworld.com)

Macworld.com - Apple has released over half a dozen printer and scanner driver updates for Mac OS X 10.6 Snow Leopard users. These updates are focused primarily on brands that cater to business and enterprise users.

Wholesale Inventories, Sales Up More Than Expected

Inventories held by wholesalers surged in July by the largest amount in two years while sales rebounded after two straight declines. Inventories rose 1.3 percent in July, the best performance since July 2008 and triple the increase economists had expected. Sales at the wholesale level increased 0.6 percent.

Wall Street rises with energy, consumer shares (Reuters)

Reuters - Stocks rose on Friday as energy shares were boosted by a jump in crude oil prices and wholesale inventory data pointed to rising consumer demand.

Wholesale inventories edge higher

WASHINGTON, Sept. 10 (UPI) -- U.S. wholesale inventories rose 1.3 percent in July above an upwardly revised climb in June, the Commerce Department said Friday. United States - United States Department of Commerce - Conferences - Computer Science - Business

Deutsche Bank set to lead likely Basel cash call charge (Reuters)

Reuters - Deutsche Bank is set to lead rivals raising billions of euros as new global capital rules to be unveiled this weekend bite, and showed it may be good to get the jump on the pack.

Wholesale Inventories Rise 1.3 Percent in July

Wholesale inventories increase in July by largest amount in 2 years while sales post rebound Business - Government - Wholesale Trade - United States - Conferences

Nokia brings in Microsoft exec to replace CEO (Reuters)

Reuters - Nokia has hired Stephen Elop, a Canadian Microsoft executive with Silicon Valley credentials, to replace its embattled chief executive and renew its drive to compete with Apple.

Special Report: Power struggles: charging tomorrow's cars (Reuters)

Reuters - Imagine driving across America using a fuel so new you have to carry your own supply wherever you go.

Greece pledges to overhaul loss-making state rail (AP)

AP - The Greek government pledged Friday to radically overhaul loss-making state rail company OSE, as official data showed efforts to cut the country's bloated budget deficit remained on track, if slightly asthmatic.

July wholesale inventories jump 1.3 percent (Reuters)

Reuters - Wholesale inventories surged by the largest amount in two years in July, a government report said on Friday, in a sign firms were anticipating enough demand to boost stock this summer.

July wholesale inventories jump 1.3 percent

Wholesale inventories surged by the largest amount in two years in July, a government report said on Friday, in a sign firms were anticipating enough demand to boost stock this summer.

Wholesale inventories increase in July by largest amount in 2 years while sales...

Wholesale inventories increase in July by largest amount in 2 years while sales post rebound.

Sep 10: Wholesale Inventories Rise

Wholesale Inventories up 1.3%

Nokia appoints Microsoft executive as new CEO (AFP)

AFP - The world's largest mobile phone maker Nokia on Friday named a new software-savvy chief executive from Microsoft to help it battle slumping profits and an eroding market share in the smartphone segment.

Revolutionize your vacation with TransPerfect TransImage (Appolicious)

Appolicious - TransPerfect has just launched TransPerfect TransImage, the iPhone app for, yes, translating. (Fun fact: TransPerfect was founded in an NYU dorm room by two business students, and is now one of the largest translation companies in the world!) The app, powered by Google Translate, can translate text from photographs or via manual input. So, let's say you're at a restaurant in Germany and you don't speak or read German. ...

US widens probe of HP bribery allegations (AP)

AP - U.S. investigators have widened their probe of alleged kickbacks paid to Russian authorities by employees of a Hewlett-Packard Co. subsidiary in Germany.

SEC probing certain investment advisory firms: report (Reuters)

Reuters - The securities regulator is investigating investment advisory firms that channel investors' money into hedge funds, the Wall Street Journal reported.

Nokia dumps CEO, turns to Microsoft exec (AP)

AP - Nokia Corp. is replacing CEO Olli-Pekka Kallasvuo with top Microsoft executive Stephen Elop as the world's top handset maker aims to regain lost ground in the fiercely competitive smartphone market.

Sep 10: Wholesale Inventories

Wholesale Inventories today at 10:00 AM EST

"Here You Have" Virus Demonstrates Need to Improve Malware Security (PC World)

PC World - A worm known affectionately as "Here You Have" based on the subject line of the infected e-mail used to propagate it has quickly spread into a global malware attack. The efficacy of the simple, and poorly worded e-mail luring users to click on a malicious link demonstrates why we need a whole new approach to malware defense.

Admissions Q&A: Brigham Young (BusinessWeek)

BusinessWeek - Brigham Young University's Marriott School of Management (Marriott Full-Time MBA Profile) offers students more than a rigorous business education. Students at the school, owned by the Church of Jesus Christ of Latter-day Saints, are required to abide by a strict honor code, based on the tenets of the Mormon religion. The code includes rules against academic dishonesty and requires students to "live a chaste and virtuous life." It also prohibits drugs, alcohol, and coffee -- even at home. ...

FarmVille vs. Real Farms [INFOGRAPHIC] (Mashable)

Mashable - With all those millions of Facebook and iPhone users tending to virtual crops and sharing them with friends, have you ever wondered how their toils stack up against actual real-life farmers? How does our output of digital (and decidedly less tasty) tomatoes compare with our worldwide production of real tomatoes?

Google Instant Is Cool, But Check Out YouTube Instant (Mashable)

Mashable - You've heard of Google Instant, well, how about YouTube Instant? Yes, this is a novelty toy built by a college student (Feross Aboukhadijeh of Stanford University), but it's a pretty fun way to pass a lazy Friday morning.

Trichet: phasing out crisis measures to take time (AP)

AP - It may take a while yet to phase out the special credit support that was given to banks in the wake of the financial crisis, the European Central Bank's president has said.

AP source: Obama to name Goolsbee to head council (AP)

AP - President Barack Obama has chosen one of his longtime economic advisers, Austan Goolsbee, to be the chairman of his Council of Economic Advisers, a White House official said.

Nokia Names Microsoft's Elop as New CEO (PC World)

PC World - Nokia has named Stephen Elop, president of Microsoft's business software group, to become its new CEO effective from later this month.

Adobe Responds to Apple's New Rules (Mashable)

Mashable - Yesterday, seemingly out of the blue, Apple issued a statement saying it will ease up restrictions for development tools used to create iOS party apps. Now, Adobe has reacted with a statement of its own, calling Apple's decision "great news for developers."

EBay wins a round in court against Craigslist (AP)

AP - In a skirmish between two Internet heavy hitters with a tangled relationship, eBay Inc. has convinced a court that it was wronged by antitakeover moves adopted by Craigslist after eBay started encroaching on its online classifieds turf in the U.S.

'Frustration-free packaging' slow to catch on (Ben Patterson)

Ben Patterson - Just the other day, I got bitten by one of those hard plastic clamshell cases that retailers still seem to love. Even with a pair of heavy-duty scissors, it took me several minutes to pry the stubborn thing open, and as I sawed away, a jagged piece of plastic tore at my finger and gave me a good scratch. At least I didn’t bleed on my newly purchased USB hard drive (this time).

Hurd's Oracle gig: Is Ellison perk or problem? (AP)

AP - As co-president at Oracle Corp., ousted Hewlett-Packard Co. CEO Mark Hurd will have to adapt to a new role playing second fiddle to one of Silicon Valley's most domineering bosses — Larry Ellison.

Mortgage rates edge up; Housing market still slow (AP)

AP - Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.

Shoe seller DSW's operator says 2Q profit jumps (AP)

AP - Retail Ventures Inc., which operates the DSW shoe store chain, posted a 67 percent jump in second-quarter net income as a key revenue figure improved.

Analysis: Obama has tenuous grip on Democrats over taxes (Reuters)

Reuters - Democrats in Congress are distancing themselves from President Barack Obama's push to let taxes rise for the wealthiest Americans, fearing it will further harm them in November's mid-term elections.

Wal-Mart US merchandising now headed by four execs (Reuters)

Reuters - Wal-Mart Stores Inc will remain without a chief merchandising officer for its U.S. stores for now, instead naming four new product heads to take over that responsibility, the retailer said on Thursday.

Apple opens up on iOS app review guidelines, relaxes development restrictions (Ben Patterson)

Ben Patterson - Apple’s criteria for approving or rejecting a given iPhone or iPad app have long been a perplexing, maddening mystery to developers — but now Apple is abruptly making public its once-secret iOS app review guidelines. Among the highlights: No content that’s "over the line," nothing "cobbled together in a few days," and above all, "We don't need any more Fart apps."

Fact or Fiction? Top 8 Linux Myths Debunked (PC World)

PC World - If the idea of using Linux in your business is one that makes you nervous, chances are you've fallen prey to one or more of the many myths out there that are frequently disseminated by competing vendors such as Microsoft. After all, each Linux user means one less sale for such companies, so they have a powerful motivation to spread such FUD.

Wholesale Costume Club Launches Their Halloween Costume Fundraising Program

Wholesale Costume Club, the only wholesale club offering costumes at the lowest prices with no minimum order requirements, is pleased to announce their innovative Halloween Costume Fundraising Program.

SEC says proposed Citi settlement is fair (Reuters)

Reuters - The top securities regulator defended its proposed $75 million settlement with Citigroup , saying the penalty reasonably accounts for the seriousness of the bank's alleged misconduct, according to a document filed in court on Wednesday.