Sept. 11 (Bloomberg) -- Oil fell for a sixth day, its longest losing streak in almost three years, and gold tumbled below $600 an ounce after negotiators reported progress to resolve a dispute over Iran's nuclear research.
ABU DHABI, United Arab Emirates (AP) -- A top Iraqi official called for partnerships with international companies to boost his country's oil industry on Sunday, saying Iraq's emergence as a "secure petro-democracy" could quell rampant sectarian violence.
Sept. 11 (Bloomberg) -- General Motors Corp. is planning its bond market comeback. General Motors Acceptance Corp., the finance subsidiary of the world's biggest carmaker, may sell the first bonds in two years once a group of buyout firms purchases a stake in the unit, said Joanne Krell, a spokeswoman for GMAC in Detroit. The sale may be completed by the end of the year, she said.
Sept. 11 (Bloomberg) -- In July, Merrill Lynch & Co., the world's biggest brokerage firm, said it traded 2 million shares of Houston-based pipeline operator Kinder Morgan Energy Partners LP. The New York Stock Exchange said Merrill traded barely a sixth of that amount, or 351,000 shares, for the month. No one except Merrill will ever know whether it handled the other 1.65 million shares. The discrepancy is increasingly unsettling to institutional investors and has everyone from AIG SunAmerica Asset Management Corp. in Jersey City, New Jersey, to American Century Investments in Kansas City, Missouri, in an uproar over the integrity of some of the U.S. stock market's most important data.
September 11, 2006 -- The fate of embattled Hewlett-Packard boss Patricia Dunn was put on hold after the tech giant's board of directors failed to reach a decision at an emergency board meeting yesterday afternoon. The board is scheduled to meet again today to decide whether Dunn should be asked to step down for spying on journalists and on other directors.
The iPod, the digital music player beloved of everyone from Coldplay's Chris Martin to President George Bush, is in danger of losing its sheen. Sales are declining at an unprecedented rate. Industry experts talk of a 'backlash' and of the iPod 'wilting away before our eyes'. Most disastrously, Apple's signature pocket device with white earphones may simply have become too common to be cool. (UK Observer)
SHANGHAI, China - China tightened its control over the distribution of news by foreign agencies Sunday, further restricting international access to the already tightly regulated Chinese media market. (AP)
Sept. 11 (Bloomberg) -- China, under pressure from the U.S. and Europe to let the yuan strengthen, is starting to hear the same calls from its own currency experts.
Dell said it plans to delay its fiscal second-quarter filing, citing probes by the SEC and a newly disclosed investigation by the Justice Department. The company is also suspending its share-buyback program. (WSJ)
Sept. 11 (Bloomberg) -- Russian bonds are returning more than any other debt in Europe as increasing oil prices spur growth in an economy that collapsed following a 1998 debt default.
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