Business : Top Stories

Asia stocks near 1-month high; euro dips after WSJ (Reuters)

Reuters - Asian stocks hovered near one-month highs on Tuesday as investors awaited Chinese data, while the euro took a hit after a newspaper report rekindled fears about the weakness of European banks.

Oracle hires former HP's Mark Hurd (Reuters)

Reuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.

Obama kicks off campaign with infrastructure plan (Reuters)

Reuters - President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts.

Justice department probes Google's ITA Software deal: report (Reuters)

Reuters - The U.S. Justice department is looking into Google Inc's takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert too much influence on the online travel industry, the Wall Street Journal said.

Oil operations in Gulf unaffected by storm (Reuters)

Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, and Shell Oil Co (RDSa.L) said Monday that Tropical Storm Hermine was not affecting their offshore operations.

A look at economic developments around the globe (AP)

AP - A look at economic developments and activity in major stock markets around the world Friday:

Obama to propose 100 billion tax credit (AFP)

AFP - President Barack Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported.

Campbell reports Q4 profit rise on better margins (AP)

AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.

EU money helps Roma get jobs and fight stereotypes (AFP)

AFP - The Roma minority are targets of a security crackdown in France, but an EU-funded project has given two dozen members of the community new jobs and new hope at a troubled time for gypsies.

Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)

AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.