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YouTube in talks over offering film rental service
YouTube is in talks with leading movie studios about introducing film rentals that would be streamed from its site, according to people close to the negotiations
FT

Greif Q3 Profit Declines, Yet Beats Estimate; Tightens FY09 EPS Outlook
Wednesday, industrial packaging products and services provider Greif Inc. reported lower earnings for its third quarter, due to lower sales in all of the three segments amid global economic downturn. However, the company's quarterly earnings per share, excluding special items, came in above the Street's estimate. Further, the company tightened its fiscal 2009 earnings guidance.
RTT News

India Govt. unveils new foreign trade policy to boost exports, greeted with mixed response
To curb the declining trend in export growth rate, the Indian government has unveiled a foreign trade policy (FTP) for the five years ending March 2014, which is expected to double export of goods and services.
IB Times

IL` open offer for Maytas at Rs 112.8 a share
Infrastructure Leasing and Financial Services Ltd and its associates will buy up to 11.78 million equity shares at Rs 112.80 each from the shareholders of Maytas Infra Ltd, as part of the process to take control of the troubled company.
Business Standard

Faculte raises $2.8 Million
Faculte raised a healthy $2.8 Million in its first round of funding. The startup is focused at online video presentations and received the present round from Calumet Venture Fund along with participation from other investors. The startup helps businesses create and share interactive video presentations and add anything from audio to visuals to make these presentations. Tags: faculte, funding Related posts Zendesk bags $6 Million in Series B (0) YuMe grabs raises another $2.9 Million in funding for its Video Ad network (0) Wonga raised $22.5 Million for its short term loan service (0) VoIP startup Ooma raises $14 Million (0) Vindicia raises $7.5 Million for its Payment management software (0)
Startup Meme

Spirit cutting IT positions
Spirit AeroSystems Inc. is cutting 15 contract employees and 37 direct employees as a result of outsourcing its IT service.
Biz Journal

YouTube in talks to stream rental movies
is in talks with several studios for a service that would have YouTube stream rented movies, according to a report in The Wall Street Journal. The report says that YouTube, a division of
Big News Network

UPDATE 1-Capmark in Berkshire asset deal, may go bankrupt
NEW YORK, Sept 2 (Reuters) - Warren Buffett's Berkshire Hathaway Inc and Leucadia National Corp agreed to buy Capmark Financial Group Inc's mortgage loan and servicing business for as much as $490 million, increasing exposure to a possible U.S. housing recovery.
Reuters

Cattles review of Welcome Financial brand puts 500 jobs at risk
Cattles, which has already axed 1,000 jobs this year, is proposing to cut a further 510 jobs at its Welcome Financial Services subsidiary. The struggling sub-prime lender, which is battling to stay afloat, is seeking ways to slash costs and as leases on its premises expire, several Welcome Financial Services branches could close. In a statement, [...]
Finance Markets

AP Sources: YouTube may offer online movie rentals
YouTube, Google Inc.'s online video streaming service, is in talks with Hollywood studios to rent new release movies online, according to people familiar with the talks. The move follows similar deals by Apple Inc.'s iTunes and others. A final deal would be... Sponsored Topics: Google - YouTube - Apple - ITunes Store - IPhone
SF Gate

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