BusinessWeek – Lorenzo Farronato recently graduated from MIT’s Sloan School of Management (Sloan Full-Time MBA Profile), where he served as a co-owner and chief marketing officer of SloanGear, a student-run business that sells school merchandise to the community. The concept of SloanGear, which has about a 20-year history on campus, is unique because it is student owned and operated, with no involvement by the school.
Saab says production halted, unclear when it will be back up (AFP)
AFP – Troubled Swedish carmaker Saab said Wednesday it stopped production due to a lack of spare parts only two weeks after resuming making cars following a seven-week halt.
Taxes on the menu in debt-reduction talks (Reuters)
Reuters – Top lawmakers on Thursday are expected to discuss one of the biggest hurdles in the way of a debt-reduction deal that would allow the United States to continue borrowing at rock-bottom rates — taxes.
Oil rises above $101 after OPEC output unchanged (AP)
AP – Oil prices rose above $101 a barrel Thursday in Asia, extending gains from the previous session after OPEC leaders unexpectedly left crude production quotas unchanged.
Mortgage applications slipped last week: MBA (Reuters)
Reuters – Applications for home mortgages eased last week, although demand for refinancing improved as interest rates edged down, an industry group said on Wednesday.
More retailers hit by organized crime: survey (Reuters)
Reuters – Sophisticated technology, less staff at stores and more gang activity are all contributing to more U.S. stores being hit by organized crime, according to a survey by an industry group.
Lagarde says pleased with talks in China (AP)
AP – French Finance Minister Christine Lagarde said Thursday she is “very positive” after talks with Chinese officials about her candidacy to head the International Monetary Fund and said Beijing’s stake in the body should increase.
Wells Fargo rolls out fixed-rate student loans (AP)
AP – Wells Fargo is hoping to make its student loans more attractive to families.
Utility workers strike as Greek Cabinet convenes (AP)
AP – Workers at state-run companies are walking off the job in a series of work stoppages to protest the government’s privatization plan in Greece’s renewed push to meet the terms of its international bailout.
Hovnanian Enterprises' loss grew in fiscal 2Q (AP)
AP – Hovnanian Enterprises Inc. said Tuesday that its loss more than doubled in its fiscal second quarter, as the homebuilder sold fewer homes and booked higher land-related charges.