|
|
|
|
Panic as Fannie Mae and Freddie Mac diveBACK in 1938 America was still reeling from the Great Depression when President Franklin Roosevelt came up with a scheme to kick-start the US mortgage market.Source: Latest Business News from Times Online | 13 Jul 2008 | 8:00 pm Microsoft (MSFT), Icahn Make Firm Offer: Yahoo! (YHOO) RejectsFriday evening Microsoft (MSFT) and Carl Icahn made an offer to the Yahoo! (YHOO) board. Microsoft would buy Yahoo!'s search business. Icahn would take over the rest of the company. The portal company's board would have to leave immediately. The offer had a one day time limit. According to Reuters, The company said the "take it or leave it" deal that was offered would also preclude a potential sale of all of Yahoo "for a full and fair price, including a control premium." Yahoo! was right to walk away. Microsoft's (MSFT) position in search is getting worse by the month....Source: 24/7 Wall St. | 13 Jul 2008 | 10:36 am EADS to widen Airbus restructuring measuresFARNBOROUGH (Reuters) - Airbus parent EADS has signaled a more aggressive attempt to beef up its restructuring plans to catch up with a weakening dollar and said Mark II of the overhaul...Source: Infocious RSS raw feed - channel BNewsBusiness | 13 Jul 2008 | 9:14 am EADS to widen Airbus restructuring measuresFARNBOROUGH (Reuters) - Airbus parent EADS has signaled a more aggressive attempt to beef up its restructuring plans to catch up with a weakening dollar and said Mark II of the overhaul would be widened to the whole group.Source: Reuters: Business News | 13 Jul 2008 | 9:14 am Sharp rise in UK profit warningsThe number of profit warnings issued between April and the end of June rises 11% to the highest level since 2001.Source: BBC News | Business | World Edition | 13 Jul 2008 | 9:10 am Airbus chief slams insider "show trial"FARNBOROUGH (Reuters) - The head of jetmaker Airbus criticized a French probe into suspected insider trading at parent EADS, branding it a "show trial".Source: Reuters: Business News | 13 Jul 2008 | 9:08 am Airbus chief slams insider "show trial"FARNBOROUGH (Reuters) - The head of jetmaker Airbus criticized a French probe into suspected insider trading at parent EADS, branding it a "show trial".Source: Infocious RSS raw feed - channel BNewsBusiness | 13 Jul 2008 | 9:08 am U.S. authority seeks documents from India's RanbaxyMUMBAI (Reuters) - The U.S. Food and Drug Administration has filed a motion in a U.S. court seeking documents from Indian drugmaker Ranbaxy Laboratories Ltd as part of an ongoing...Source: Infocious RSS raw feed - channel BNewsBusiness | 13 Jul 2008 | 9:04 am U.S. authority seeks documents from India's RanbaxyMUMBAI (Reuters) - The U.S. Food and Drug Administration has filed a motion in a U.S. court seeking documents from Indian drugmaker Ranbaxy Laboratories Ltd as part of an ongoing investigation, a Ranbaxy spokesman said on Sunday.Source: Reuters: Business News | 13 Jul 2008 | 9:04 am Petrofac, IKPT win Algeria LNG contract: reportALGIERS (Reuters) - A consortium of British-based oil services company Petrofac and Indonesian engineering company IKPT provisionally won a contract to build an LNG plant in Algeria, government newspaper El Moudjhaid said on Sunday.Source: Reuters: Business News | 13 Jul 2008 | 8:34 am Petrofac, IKPT win Algeria LNG contract: reportALGIERS (Reuters) - A consortium of British-based oil services company Petrofac and Indonesian engineering company IKPT provisionally won a contract to build an LNG plant in Algeria,...Source: Infocious RSS raw feed - channel BNewsBusiness | 13 Jul 2008 | 8:34 am WITNESS: So, he asked me, when will oil come down?Daniel Fineren is a senior energy correspondent who has worked with Reuters for two years. In a previous job he lived in Barcelona, covering the Spanish energy industry, and he now reports on European power and gas markets in London.Source: Reuters: Business News | 13 Jul 2008 | 8:25 am Key US mortgage lender collapsesOne of the largest mortgage lenders in the US, the California-based IndyMac Bank, collapses amid a growing credit crisis.Source: BBC News | Business | World Edition | 13 Jul 2008 | 8:08 am Obama cautious on steps to help Freddie/Fannie (Reuters)
Source: Yahoo! News: Business | 13 Jul 2008 | 8:06 am Obama cautious on steps to help Freddie/FannieSAN DIEGO (Reuters) - Democratic White House hopeful Barack Obama said on Saturday he was confident "prudent steps" by the U.S. government would stabilize mortgage giants Fannie Mae and Freddie Mac but that it was necessary to see how the situation developed before deciding on what steps to take.Source: Reuters: Business News | 13 Jul 2008 | 8:05 am WITNESS: So, he asked me, when will oil come down?MADRID (Reuters) - I sank into my seat in the air-conditioned taxi. Heading home from the World Petroleum Congress, exhausted by days pestering top oil producers about when prices might...Source: Infocious RSS raw feed - channel BNewsBusiness | 13 Jul 2008 | 7:58 am Yahoo rebuffs Microsoft-Icahn restructuring proposalYahoo Inc. said late on Saturday that it rejected a restructuring proposal from Microsoft Corp. and the investor Carl Icahn, and the Sunnyvale, Calif., Internet-services giant called on Microsoft to bid for the whole company.Source: MarketWatch.com - Top Stories | 13 Jul 2008 | 7:37 am Yahoo rejects joint Microsoft, Icahn proposal (Reuters)
Source: Yahoo! News: Business | 13 Jul 2008 | 7:27 am Yahoo rejects joint Microsoft, Icahn proposalSAN FRANCISCO (Reuters) - Yahoo Inc on Saturday rejected a proposal to sell its search business to Microsoft Corp and hand over the remainder of the company to activist investor Carl Icahn.Source: Reuters: Business News | 13 Jul 2008 | 7:27 am Money-saving ways to get into classical music and theater eventsSource: L.A. Times - Business | 13 Jul 2008 | 7:00 am Money-saving ways to get into classical music and theater eventsSource: Infocious RSS raw feed - channel BNPaperBusiness | 13 Jul 2008 | 7:00 am Consumer BriefsSource: Infocious RSS raw feed - channel BNPaperBusiness | 13 Jul 2008 | 7:00 am Concerts, operas and theater at a discountSource: Infocious RSS raw feed - channel BNPaperBusiness | 13 Jul 2008 | 7:00 am Consumer BriefsSource: L.A. Times - Business | 13 Jul 2008 | 7:00 am LettersSource: L.A. Times - Business | 13 Jul 2008 | 7:00 am The undercover life of Barry BroadSource: Infocious RSS raw feed - channel BNPaperBusiness | 13 Jul 2008 | 7:00 am Pay off the loan on your car before trading it inSource: L.A. Times - Business | 13 Jul 2008 | 7:00 am Pay off the loan on your car before trading it inSource: Infocious RSS raw feed - channel BNPaperBusiness | 13 Jul 2008 | 7:00 am Concerts, operas and theater at a discountSource: L.A. Times - Business | 13 Jul 2008 | 7:00 am It's boiling down to cable vs. telecomSource: Infocious RSS raw feed - channel BNPaperBusiness | 13 Jul 2008 | 7:00 am LettersSource: Infocious RSS raw feed - channel BNPaperBusiness | 13 Jul 2008 | 7:00 am It's boiling down to cable vs. telecomSource: L.A. Times - Business | 13 Jul 2008 | 7:00 am The undercover life of Barry BroadSource: L.A. Times - Business | 13 Jul 2008 | 7:00 am Yahoo spurns Microsoft again as bad blood boilsYahoo Inc. has rejected Microsoft's latest attempt to buy its online search operations in a "take or leave it" proposal that Yahoo said would have dismantled its Internet franchise. As...Source: Infocious RSS raw feed - channel BNewsBusiness | 13 Jul 2008 | 6:59 am Failed IndyMac poised to open under U.S. regulators' controlA new era for the U.S. government’s takeover of failed banks is about to begin.Source: MarketWatch.com - Top Stories | 13 Jul 2008 | 6:06 am German auto makers get on board the electric bandwagonVolkswagen, Daimler and BMW -- all of Germany's biggest car makers now want to launch electric cars, getting on the environmentally friendly bandwagon after lagging behind their peers.Source: Infocious RSS raw feed - channel BNewsBusiness | 13 Jul 2008 | 5:58 am Text of Yahoo's statement on Microsoft-Icahn talksFollowing is a statement that was issued on Saturday night by Yahoo Inc. in response to proposals by Microsoft Corp. and Carl Icahn:Source: MarketWatch.com - Top Stories | 13 Jul 2008 | 5:52 am Consumers put the brakes on Malaysia's ProtonMalaysian Proton's highly publicised campaign to hike sales appears to have hit a road block, with drivers saying they will snub the national carmaker in favour of foreign models.Source: Infocious RSS raw feed - channel BNewsBusiness | 13 Jul 2008 | 5:44 am Farnborough Air Show flies into oil-price stormThe extent to which record-high oil prices are affecting commercial aviation will fly into focus this week when key players from the sector descend on the Farnborough International Air ShowSource: Infocious RSS raw feed - channel BNewsBusiness | 13 Jul 2008 | 3:53 am South African firms tough it out in ZimbabweSouth African firms are resisting the urge to pull out of Zimbabwe despite an increasingly hostile business climate in the hope they will be in prime position to benefit from a future...Source: Infocious RSS raw feed - channel BNewsBusiness | 13 Jul 2008 | 3:44 am Bush, Democrats spar over gas pricesRead full story for latest details.Source: Business and financial news - CNNMoney.com | 13 Jul 2008 | 2:48 am IndyMac seized as financial troubles spread (Reuters)
Source: Yahoo! News: Business | 13 Jul 2008 | 12:20 am IndyMac seized as financial troubles spreadWASHINGTON (Reuters) - U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history.Source: Reuters: Business News | 13 Jul 2008 | 12:19 am Rio TInto wraps up £2bn bids for AlcanRio TInto, the mining giant fighting off an unsolicited bid from BHP Billiton, is accelerating a disposal programme that could generate billions of pounds from the sale of its Alcan Packaging unit and its US thermal coal operations.Source: Telegraph Business | 13 Jul 2008 | 12:01 am Sovereign Reversions: Equity release group with a good life expectancyEquity release schemes provide sunshine to those in the winter of their lives.Source: Telegraph Business | 13 Jul 2008 | 12:01 am China, Brazil and India belong in the G8It's become fashionable to say the G8 is pointless. Last week's summit of the "world's advanced industrial democracies" was certainly an anti-climax.Source: Telegraph Business | 13 Jul 2008 | 12:01 am Carphone Warehouse in choppy watersInvestors are expecting the share price to fall further - and questions marks over its accounting are not helping. Richard Fletcher reports.Source: Telegraph Business | 13 Jul 2008 | 12:01 am LSE faces more tough timesIf the past few months have been unkind to the stock market, how much more cruel have they been to the exchange operators.Source: Telegraph Business | 13 Jul 2008 | 12:01 am Skyepharma eyes debt swapSkyepharma, the struggling biotech company, is in talks with its backers about conducting a debt for equity swap on £89m of bonds due to mature over the next two years.Source: Telegraph Business | 13 Jul 2008 | 12:01 am Inmarsat move is Harbinger of things to comeMarkets are starry-eyed at the possibility of a hedge fund snapping up a satellite company. But will the defence establishment allow it? Louise Armitstead reports.Source: Telegraph Business | 13 Jul 2008 | 12:01 am Reed Elsevier begins hunt for a successor to Sir Crispin DavisReed Elsevier, the FTSE100 media group that publishes the medical journal The Lancet, has begun searching for a successor to its long-serving chief executive, Sir Crispin Davis.Source: Telegraph Business | 13 Jul 2008 | 12:01 am China, Brazil and India belong in the G8It's become fashionable to say the G8 is pointless. Last week's summit of the "world's advanced industrial democracies" was certainly an anti-climax.Source: Infocious RSS raw feed - channel BNPaperBusiness | 13 Jul 2008 | 12:01 am Buyout firms weigh up counter-offer for InformaSeveral of the world's largest buy-out firms are considering a counter bid for Informa, publisher of the shipping newspaper Lloyd's List.Source: Telegraph Business | 13 Jul 2008 | 12:01 am FSA to pursue Bradford & Bingley takeoverThe City regulator will accelerate efforts to broker a potential takeover of Bradford & Bingley once the mortgage lender's crisis-hit rights issue is completed, The Sunday Telegraph has learned.Source: Telegraph Business | 13 Jul 2008 | 12:01 am Sovereign Reversions: Equity release group with a good life expectancyEquity release schemes provide sunshine to those in the winter of their lives.Source: Infocious RSS raw feed - channel BNPaperBusiness | 13 Jul 2008 | 12:01 am Inmarsat move is Harbinger of things to comeMarkets are starry-eyed at the possibility of a hedge fund snapping up a satellite company. But will the defence establishment allow it? Louise Armitstead reports.Source: Infocious RSS raw feed - channel BNPaperBusiness | 13 Jul 2008 | 12:01 am Fed in tug of war over mortgage rulesThe Federal Reserve is caught in a tug-of-war as it prepares on Monday to unveil final rules overhauling mortgage lending.Source: Business and financial news - CNNMoney.com | 12 Jul 2008 | 11:28 pm Fannie and Freddie: A wild rideThe anxiety over Fannie Mae and Freddie Mac, crucial to a recovery of the battered housing market and the economy as a whole, reached a fever pitch on Friday and took shares of the companies and the broader markets on a wild ride.Source: Business and financial news - CNNMoney.com | 12 Jul 2008 | 11:20 pm A jobless rise but not a bloodbathEvery day, it seems, brings a new announcement of job losses from housebuilders. Totting up the numbers for the past week or so gives a figure not far short of 10,000, and this is not counting the thousands of self-employed sub-contractors who were building and fitting out new homes until the sector hit the buffers.Source: Latest Business News from Times Online | 12 Jul 2008 | 11:00 pm America at war to protect BudIT’S a little late, I know, but better late than never, hey? So here goes. Malcolm Glazer, I am sorry. I spent days sitting in your drive, ringing your bell and following every car that left your Palm Beach mansion.Source: Latest Business News from Times Online | 12 Jul 2008 | 11:00 pm Fannie Mae and Freddie Mac: a ride into uncharted territoryFANS of rollercoasters will know the feeling — that horrible tingle of fear and uncertainty when the carriage has finished its slow crawl to the top of the ride and you are about to plunge earthwards into God knows what.Source: Latest Business News from Times Online | 12 Jul 2008 | 11:00 pm 'Cyber-coolies' threaten call centre clientsTHE so-called “cyber-coolies” of India’s IT call centres are revolting. They have formed a faceless “e-union” and are planning to target British and American clients in a campaign to improve their terms and conditions.Source: Latest Business News from Times Online | 12 Jul 2008 | 11:00 pm No ‘magic bullet’ for home loan crisisTHE keenly-awaited Treasury-commissioned review of mortgage finance, published in the next few days, will disappoint housebuilders and lenders hoping for an early end to the freeze in the home-loans market.Source: Latest Business News from Times Online | 12 Jul 2008 | 11:00 pm Hunt for a new chief executive at Reed ElsevierPUBLISHER Reed Elsevier has begun the search to find a successor for chief executive Sir Crispin Davis, who is planning to step down next year.Source: Latest Business News from Times Online | 12 Jul 2008 | 11:00 pm Treasury reaps oil price bonanzaTHE Treasury will pocket a surplus of at least £5.1 billion from North Sea oil and gas taxes this year, sparking calls for the government to pour funds into “fuel-poverty” programmes and energy infrastructure.Source: Latest Business News from Times Online | 12 Jul 2008 | 11:00 pm Banks put accountants BDO Stoy Hayward into Regent Inns pubs chainBANKERS for Regent Inns, owner of the Australian-themed sports-bar chain Walkabout, are looking to appoint a corporate-restructuring specialist to evaluate the future of the struggling pub business.Source: Latest Business News from Times Online | 12 Jul 2008 | 11:00 pm Tesco’s plot to counter Aldi effectTESCO is developing a new range of own-brand products to tackle the so-called Aldi effect which has seen thousands of hard-pressed families defect to the German discounter.Source: Latest Business News from Times Online | 12 Jul 2008 | 11:00 pm Bombardier poised to launch new plane (Reuters)
Source: Yahoo! News: Business | 12 Jul 2008 | 10:23 pm Bombardier poised to launch new planeLONDON (Reuters) - Canada's Bombardier looked set on Saturday to announce the long-awaited launch of its CSeries airliner in a bid to end a transatlantic duopoly held by Boeing and Europe's Airbus .Source: Reuters: Business News | 12 Jul 2008 | 10:23 pm NewsWatch: Stocks, weighed by financial woes, face wall of earningsStocks will likely start the coming week full of growing uncertainty after news late Friday that retail bank IndyMac was shut down by regulators, becoming the latest victim of the subprime mortgage crisis.Source: MarketWatch.com - Top Stories | 12 Jul 2008 | 9:00 pm Sizing up Iran's oil threatSource: Business and financial news - CNNMoney.com | 12 Jul 2008 | 7:44 pm The 'iPocalypse': Apple's iPhone blunderSource: Business and financial news - CNNMoney.com | 12 Jul 2008 | 7:43 pm How to recession-proof your lifeSource: Business and financial news - CNNMoney.com | 12 Jul 2008 | 7:38 pm Apple (AAPL) Reports 3G iPhones Aplenty, Which May Be Bad NewsApple (AAPL) is not sold out of the new 3G iPhones. Based on data from the company, consumers can find them in almost every Apple store. Reports are that Apple's carrier partner AT&T (T) is not as lucky. Was Apple smart? Perhaps it ordered a huge number of the handsets. But, why would it under-supply AT&T? Or, did the initial demand for the iPhone fall well short of the mark? Bloomberg also reports that ``The Apple retail store likely has your iPhone 3G in stock,'' Cupertino, California-based Apple told visitors on its Web site. ``Shipments of iPhone 3G arrive most...Source: 24/7 Wall St. | 12 Jul 2008 | 6:48 pm Auto Review: 2008 Lotus Elise SC -- FUNCars slowed as drivers cranked their heads to see the little vivid blue Lotus Elise SC in our driveway. But the bigger pleasure is what it's like to drive. Ron Amadon gives us a taste.Source: MarketWatch.com - Top Stories | 12 Jul 2008 | 6:38 pm Former MorganStanley Asia exec busted for insider dealsA former managing director at Morgan Stanley Asia is arrested and charged with nine counts of insider trading for his dealings in the shares of a public company prior to the announcement of an acquisition.Source: MarketWatch.com - Top Stories | 12 Jul 2008 | 5:37 pm Bright spots in the gloomSoaring fuel costs and weak sales are crushing business confidence to a 33-year low - but even in this environment, some firms are prospering. BNZ's latest business confidence survey shows dairying and dairy support (including...Source: New Zealand Herald - Business | 12 Jul 2008 | 5:00 pm Fran O'Sullivan : Inspiring corporate leadership to ride out financial turbulenceAir New Zealand boss Rob Fyfe's decision to freeze senior executive salaries at the national flag carrier is the kind of leadership more New Zealand chief executives should be publicly emulating during tough trading conditions. Like...Source: New Zealand Herald - Business | 12 Jul 2008 | 5:00 pm Kiwis told to be wary of Aussies bearing giftsHigh-profile Australian property investor and author Michael Yardney warns New Zealanders they could be ripped off by Australian property marketers. Some marketers are taking advantage of "many" investors turning to Australian...Source: New Zealand Herald - Business | 12 Jul 2008 | 5:00 pm Don't run from this bearJust as north Americans know not to run around like headless chooks when confronted by a bear, smart investors know to stay cool, calm and collected when in a bear market. Their message: Ride it out, seek advice, diversify your...Source: New Zealand Herald - Business | 12 Jul 2008 | 5:00 pm Landlords and tenants fight battle of the bondLandlords want the cap on the amount of bond tenants must pay removed, saying it is not enough to compensate for damage done to rental property. The amount of bond landlords can legally require from tenants is capped at four weeks'...Source: New Zealand Herald - Business | 12 Jul 2008 | 5:00 pm Bargain basement pricesCashed-up homebuyers are continuing to reap rewards from the property slump as vendors slash their expectations to meet the grim reality of a changing market. Auckland couple Jo and Jamie Thomson moved into a four-bedroom villa...Source: New Zealand Herald - Business | 12 Jul 2008 | 5:00 pm Top tips : On the issue of credit in less buoyant timesHoward Thomas, of Lowndes Associates, on the issue of credit in less buoyant times Why all the fuss about cash flow and credit? Cash flow is the movement of money in and out of a business. Extending credit, whether voluntarily...Source: New Zealand Herald - Business | 12 Jul 2008 | 5:00 pm Investment advice : Safe ports in stormMy retired mother-in-law has asked me where she should put some spare money. This forced me to look widely across the market and think carefully about what is safe. The last thing I want to do is lose her money. The following is...Source: New Zealand Herald - Business | 12 Jul 2008 | 5:00 pm NewsWatch: Stocks, weighed by financial woes, face wall of earningsStocks will likely start the coming week full of growing uncertainty after news late Friday that retail bank IndyMac was shut down by regulators, becoming the latest victim of the subprime mortgage crisis.Source: MarketWatch.com - Top Stories | 12 Jul 2008 | 4:00 pm Consultants profit from those happy to pay for business adviceLord Lever was talking of advertising when he famously remarked that he knew that half his spending was wasted, but not which half. The same might be said of management consultancy, which shares with its sister professional service...Source: New Zealand Herald - Business | 12 Jul 2008 | 4:00 pm Airbus upbeat about new orders at Farnborough (Reuters)
Source: Yahoo! News: Business | 12 Jul 2008 | 1:29 pm Outage hits new Apple serviceRead full story for latest details.Source: Business and financial news - CNNMoney.com | 12 Jul 2008 | 1:17 pm $109,000 Tesla Roadster's wild rideSource: Business and financial news - CNNMoney.com | 12 Jul 2008 | 1:12 pm America's Money: Gas crunch hits homeSource: Business and financial news - CNNMoney.com | 12 Jul 2008 | 1:08 pm Stocks whipsawedStocks fell Friday, but closed off their lows, as fears that mortgage backers Fannie Mae and Freddie Mac would collapse eased after comments from a leading senator and talk that the Federal Reserve would open up its discount window.Source: Business and financial news - CNNMoney.com | 12 Jul 2008 | 1:06 pm Auto Review: A Brief History of Lotus CarsLotus was born in the garage of Colin Chapman’s girlfriend some 60 years ago -- a look at the origin of the iconic sports car.Source: MarketWatch.com - Top Stories | 12 Jul 2008 | 1:05 pm NewsWatch: Federal regulators take control of IndyMac BancorpIndyMac Bancorp Inc. has become the biggest casualty of the subprime mortgage crisis, as federal regulators shut down the troubled Pasadena, Calif.-based savings bank in one of the largest U.S. bank failures ever.Source: MarketWatch.com - Top Stories | 12 Jul 2008 | 1:00 pm Short Bets Against Sirius (SIRI) And XM (XMSR) Take OffShort sellers seems to think the either the merger between Sirius (SIRI) and XM Satellite (XMSR) will not go through or that it will be too late for the financially crippled companies. Short interest in XMSR rose 5.3 million shares to 28 million for the period ending June 30. The short interest in SIRI was up 5.9 million to 153.9 million. It now has the second largest short position of any stock traded on Nasdaq. Although the FCC has signaled that it will approve the merger, Wall St. is concerned that the restrictions put on the new company will be...Source: 24/7 Wall St. | 12 Jul 2008 | 12:58 pm Personal Finance Daily: The week's 10 best Personal Finance stories: July 7-11In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of July 7-11:Source: MarketWatch.com - Top Stories | 12 Jul 2008 | 12:01 pm Starbucks (SBUX) Store Closings For July 2008Here is the list of stores that Starbucks (SBUX) will close in July 2008. Starbucks plans to close a total of 600 stores and lay-off 12,000 full-time and part-time employees in an effort to save money now that its US same-store sales are slowing considerably. Based on information obtained by 24/7 Wall St., Michigan, one of the hardest hit states in the economic downturn, will lose 20% of its Starbucks stores. Douglas A. McIntyreSource: 24/7 Wall St. | 12 Jul 2008 | 10:12 am
|
