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PM hopeful of Gulf financial aidGordon Brown says he is hopeful wealthy oil states will give extra financial support to help countries at risk in the current crisis.Source: BBC News | Business | World Edition | 2 Nov 2008 | 11:01 am Dollar's rapid appreciation has dark side as well as benefitsThat imported bottle of Dom Perignon may cost about 20% less to buy in dollars than it did three months ago, but Americans still shouldn't rush to toast the dollar's dramatic recovery against most of its rivals.Source: MarketWatch.com - Top Stories | 2 Nov 2008 | 11:00 am Brown seeks cash for IMF as China, India feel crisisRIYADH (Reuters) - British Prime Minister Gordon Brown on Sunday called for billions of dollars in extra funding for the International Monetary Fund to prop up struggling economies, while Chinese Premier Wen Jiabao said maintaining China's strong domestic growth was his priority.Source: Reuters: Business News | 2 Nov 2008 | 10:48 am Brown seeks cash for IMF as China, India feel crisis (Reuters)
Source: Yahoo! News: Business | 2 Nov 2008 | 10:13 am Sony, CPSC: Computer makers recall 100,000 laptop-battery packsSony Corp. and the U.S. Consumer Product Safety Commission said several computer makers would recall about 100,000 lithium-ion laptop-computer battery packs made by the Tokyo consumer-electronics giant.Source: MarketWatch.com - Top Stories | 2 Nov 2008 | 8:48 am PRESS DIGEST - Iran - Nov 2verified these stories and does not vouch for their accuracy.Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Nov 2008 | 8:24 am Sanyo in 'broad agreement' over Panasonic bid: reportSanyo Electric Co. is largely in agreement with a bid by Panasonic Corp. to take a majority stake in the company and thereby become Japan's largest electronics manufacturer, a press report...Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Nov 2008 | 7:57 am Boeing: Machinists ratify 4-year pact, will return to work SundayBoeing Co. said on Sunday that its machinists in Washington, Oregon and Kansas ratified a four-year contract, ending a 58-day strike.Source: MarketWatch.com - Top Stories | 2 Nov 2008 | 7:48 am Bangladesh says India offers power to meet shortfallsBangladesh to its electricity grid and sell it power to help itSource: Infocious RSS raw feed - channel BNewsBusiness | 2 Nov 2008 | 7:41 am East Asia cautious on Obama trade policyWhile surveys show most of the world is rooting for Barack Obama, the Democrat may face a more cautious reception from leaders in East Asia who fear he will press them harder on trade...Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Nov 2008 | 7:28 am In England, ruing the decision to put money in Iceland banksDozens of local authorities parked nearly $1.5 billion in Icelandic accounts, which were promoted in Britain as high-yielding, but safe. Now the money may be gone. Individuals suffer too. ...Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Nov 2008 | 7:00 am Know before you goTwelve tips on how to make the right choices for overseas medical care. A dozen tips before you go 1. Check the foreign hospital's...Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Nov 2008 | 7:00 am Where to go to do your own researchA compendium of organizations, websites and publications for Americans considering going abroad for medical care. Resources for medical...Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Nov 2008 | 7:00 am 'Green' improvements can add to a home's appealRelatively minor changes could help you sell faster and closer to your asking price.There is no question that green has captured the imagination, if not the pocketbooks, of new-home buyers. But that raises a question: What can sellers of existing homes do to compete with builders for the hearts and minds of potential green-leaning customers? Source: L.A. Times - Business | 2 Nov 2008 | 7:00 am 'Green' improvements can add to a home's appealRelatively minor changes could help you sell faster and closer to your asking price. There is no question that...Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Nov 2008 | 7:00 am Cutting-edge care can give overseas facilities an edgeDoctors in some foreign countries may be more adept at some techniques that Americans want. Low cost isn't the...Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Nov 2008 | 7:00 am Say no to traffic: Vote 'yes' for Measure R and Proposition 1AMeasure R and Proposition 1A offer viable transportation solutions How livable do you want both Los Angeles and...Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Nov 2008 | 7:00 am Say no to traffic: Vote 'yes' for Measure R and Proposition 1AMeasure R and Proposition 1A offer viable transportation solutionsHow livable do you want both Los Angeles and California to be in the years ahead? On Tuesday, you can have your say. Source: L.A. Times - Business | 2 Nov 2008 | 7:00 am Know before you goTwelve tips on how to make the right choices for overseas medical care.A dozen tips before you go 1. Check the foreign hospital's accreditations or affiliations. Look for an institution approved by the Joint Commission International ( www.jointcommissioninternational.org ), an affiliate of the Joint Commission, a respected, independent, nonprofit agency that accredits U.S. hospitals. Affiliations with well-known medical institutes are also a sign of quality. Source: L.A. Times - Business | 2 Nov 2008 | 7:00 am A guide for Americans seeking affordable medical treatment abroadImproving quality and bargain prices are luring U.S. patients to developing countries for increasingly sophisticated procedures. ...Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Nov 2008 | 7:00 am High income doesn't preclude overspendingIt may be hard to cut back on your lifestyle, but it will be harder to be old and broke. Dear Liz: I am in my 40s. My wife and I have...Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Nov 2008 | 7:00 am Where to go to do your own researchA compendium of organizations, websites and publications for Americans considering going abroad for medical care.Resources for medical travelers MEDICAL TRAVEL PLANNERS * BridgeHealth International, www.bridgehealthinternational.com Source: L.A. Times - Business | 2 Nov 2008 | 7:00 am In England, ruing the decision to put money in Iceland banksDozens of local authorities parked nearly $1.5 billion in Icelandic accounts, which were promoted in Britain as high-yielding, but safe. Now the money may be gone. Individuals suffer too.Since medieval times, this quaint market town has been a wellspring of financial acumen. Source: L.A. Times - Business | 2 Nov 2008 | 7:00 am Cutting-edge care can give overseas facilities an edgeDoctors in some foreign countries may be more adept at some techniques that Americans want.Low cost isn't the only reason Americans are traveling to foreign countries for healthcare. Timmi Ryerson of Vista, Calif., went abroad looking for expertise she couldn't find at home. Source: L.A. Times - Business | 2 Nov 2008 | 7:00 am High income doesn't preclude overspendingIt may be hard to cut back on your lifestyle, but it will be harder to be old and broke.Dear Liz: I am in my 40s. My wife and I have great jobs that pay well, but at times it seems as though we can't get ahead. With income in the $170,000 range, you'd think it would be easy. But with children, retirement, vacations, it's not. Any insights? Source: L.A. Times - Business | 2 Nov 2008 | 7:00 am The Reckoning: From Midwest to M.T.A., Pain From Global GambleWisconsin schools and New York subways are among the players in a financial fiasco that has ricocheted globally.Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Nov 2008 | 6:10 am Britain's small businesses struggle under weight of slowdownSome 4.7 million small businesses in Britain that are beginning to feel the brutal effects of the financial crisis and the resulting slowdown, which experts predict will become a recession...Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Nov 2008 | 5:30 am British PM seeking billions to boost IMF reservesBritish Prime Minister Gordon Brown, on a tour of the Gulf, said he is seeking hundreds of billions of dollars to boost the International Monetary Fund's reserves to bail out financially...Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Nov 2008 | 4:27 am Japanese firms hit by global crisis, stronger yen: surveyThe global economic slowdown, a stronger yen and higher prices for fuel and raw materials hit the profits of major Japanese firms in the six months to September, according to a survey...Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Nov 2008 | 4:26 am Boeing machinists approve contract, return to work (Reuters)
Source: Yahoo! News: Business | 2 Nov 2008 | 4:25 am Boeing machinists approve contract, return to workSEATTLE (Reuters) - Boeing Co's 27,000 assembly workers voted to approve the company's four-year contract offer on Saturday, ending a strike that has stopped production at the plane maker's Seattle area plants for 57 days.Source: Reuters: Business News | 2 Nov 2008 | 4:25 am Steel production halted at Cleveland millSteelmaking is on hold at the ArcelorMittal plant in Cleveland due to a drop in business. Both blast furnaces were idled this week, and the company plans to offer voluntary layoffs with...Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Nov 2008 | 4:04 am Economic Preview: Worst job losses since March 2003 predictedRetailers may not be so merry as this holiday shopping season gets underway.Source: MarketWatch.com - Top Stories | 2 Nov 2008 | 4:01 am Machinists union OKs pact with Boeingworkers at plants in Washington state, Oregon and Kansas are expected to return to commercial airplane factories Sunday night. The stoppage was costing the company $100 million per day. ...Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Nov 2008 | 3:59 am Machinists union OKs pact with Boeingworkers at plants in Washington state, Oregon and Kansas are expected to return to commercial airplane factories Sunday night. The stoppage was costing the company $100 million per day.SEATTLE — Machinists union members ratified a new contract with Boeing Co. on Saturday, ending an eight-week strike that cut the airplane maker's profits and stalled jetliner deliveries. Source: L.A. Times - Business | 2 Nov 2008 | 3:59 am Machinists union ratifies pact with BoeingMachinists union members have ratified a new contract with The Boeing Co., ending an eight-week strike that cut the airplane maker's profits and stalled jetliner deliveries. Union...Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Nov 2008 | 3:49 am Mega doubts as Dubai mall to open amid global crisisThe vast Dubai Mall shopping centre is finally set to open for business on Tuesday but the success of the 20-billion-dollar project is far from certain amid the global economic crisis.Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Nov 2008 | 3:34 am Barclays shows why UK is no longer in controlThere is lots of anger about Barclays’ highly dilutive £7.3 billion fundraising, which was announced on Friday. No-one likes surprises, particularly in the City, and Barclays dished it out in spades. Middle Eastern investors, who are stumping up £5.8 billion, will ultimately end up controlling 31% of the group.Source: Latest Business News from Times Online | 2 Nov 2008 | 12:00 am Lending window is shut but rate cuts will helpDarling, Blanchlower and King. No, not the Spurs midfield from the double-winning side of the early 1960s but just three of the characters I bring you today.Source: Latest Business News from Times Online | 2 Nov 2008 | 12:00 am Golden girl Amanda Staveley paid £40m by BarclaysA COMPANY controlled by Amanda Staveley, the former girlfriend of Prince Andrew, will earn a £40m commission for brokering last week’s capital injection into Barclays by Middle East investors.Source: Latest Business News from Times Online | 2 Nov 2008 | 12:00 am Tesco faces revolt from suppliersTHE supermarket giant Tesco is facing a supplier revolt over its drive to squeeze down prices to help fund a price war with rival Asda and discounters such as Aldi and Lidl.Source: Latest Business News from Times Online | 2 Nov 2008 | 12:00 am Hedge funds: sorry seems to be...For the world’s rich and powerful, the first few days of each month used to bring a little package of joy: an update from their hedge-fund managers telling them how well their investments were doing. For a decade it had been a stream of good news. The markets are up, we are beating them, and you are richer than you have ever been.Source: Latest Business News from Times Online | 2 Nov 2008 | 12:00 am BT forced into radical pension fund shake-upBT plans sweeping reforms to its £35 billion pension scheme as it seeks to chop costs after the telecoms giant’s shock profit warning last week.Source: Latest Business News from Times Online | 2 Nov 2008 | 12:00 am Caravan parks group Park Resorts pitches up for dealBRITAIN’s biggest caravan park operator, Park Resorts, has called in advisers to examine possible mergers with rival holiday groups.Source: Latest Business News from Times Online | 2 Nov 2008 | 12:00 am Slash rates by a full point, embattled industry urges Bank of EnglandBUSINESS LEADERS say the Bank of England must slash interest rates this week to head off a deep recession.Source: Latest Business News from Times Online | 2 Nov 2008 | 12:00 am BSkyB set for £450m Tiscali dealBSKYB has entered exclusive talks to acquire Tiscali, the troubled internet provider, after rival bidder Carphone Warehouse walked away from the long-running auction.Source: Latest Business News from Times Online | 2 Nov 2008 | 12:00 am BA’s bid for Indian carrier Go Air is groundedBRITISH AIRWAYS planned an audacious, multi-million pound takeover of one of India’s leading airlines - but the scheme was derailed by problems with industry-ownership laws.Source: Latest Business News from Times Online | 2 Nov 2008 | 12:00 am VeraSun Energy files for bankruptcyRead full story for latest details.Source: Business and financial news - CNNMoney.com | 1 Nov 2008 | 11:15 pm India central bank cuts rates by half pointRead full story for latest details.Source: Business and financial news - CNNMoney.com | 1 Nov 2008 | 11:08 pm Who will win and lose?Tinga Edwards - who owns a home in Glen Innes, works in administration at a local school and is raising three children under six - could do with a little more help from her Government. Any tax cuts would help - "for sure", she...Source: New Zealand Herald - Business | 1 Nov 2008 | 11:00 pm A guide for Americans seeking affordable medical treatment abroadImproving quality and bargain prices are luring U.S. patients to developing countries for increasingly sophisticated procedures.When Andy Dijak injured his right knee playing tennis, he wasn't surprised that he needed surgery. "It swelled up like a balloon," said the 50-year-old West Lake resident. ¶ The real shocker was the price tag: $12,000 to $15,000 to repair tattered cartilage. Dijak, a creative director for an entertainment company, has no health insurance, so he started shopping for a deal. ¶ He found it in the northern Mexico city of Monterrey at Christus Muguerza High Specialty Hospital, owned by Dallas-based Christus Health. Here, the staff treated him more like a big shot than a bargain hunter. An English-speaking employee picked him up at the airport. Dijak recuperated in a private hospital room with a flat-screen television and a view of the peaks of the Sierra Madre. His surgeon recorded the operation on video and gave Dijak a DVD copy for his peace of mind. ¶ Total cost, including airfare: $4,500. ¶ "I got better care there than I would have in the United States, unless I were a billionaire," he said. ¶ Americans have long been willing to leave the country for bargain face-lifts and cut-rate dentistry. But now the availability of top-notch medical services at low cost is enticing a growing number of U.S. patients to developing nations for more sophisticated procedures. Most, like Dijak, are obtaining elective surgeries for ailments that aren't life-threatening. Increasingly, they are seeking treatment for more serious conditions, including heart maladies and cancer. Source: L.A. Times - Business | 1 Nov 2008 | 9:34 pm NewsWatch: October set a slew of trading records, mostly badRead 'em and weep: A data recap of the October carnage in the financial markets.Source: MarketWatch.com - Top Stories | 1 Nov 2008 | 9:00 pm Talks between Chrysler and Renault-Nissan halted, report saysTalks between the Renault-Nissan alliance and Chrysler LLC owner Cerberus Capital Management LP have halted, said the Detroit News Saturday.Source: MarketWatch.com - Top Stories | 1 Nov 2008 | 8:47 pm Chrysler halts Renault-Nissan talks, favors GM: reportDETROIT (Reuters) - Talks on a deal to sell Chrysler LLC to Nissan Motor Co and Renault SA have halted because the No. 3 U.S. automaker's owner favors a deal with General Motors Corp , The Detroit News reported on Saturday.Source: Reuters: Business News | 1 Nov 2008 | 8:25 pm Chrysler halts Renault-Nissan talks, favors GM: report (Reuters)Reuters - Talks on a deal to sell Chrysler LLC to Nissan Motor Co (7201.T) and Renault SA have halted because the No. 3 U.S. automaker's owner favors a deal with General Motors Corp , The Detroit News reported on Saturday.Source: Yahoo! News: Business | 1 Nov 2008 | 8:25 pm VeraSun files for bankruptcy after corn spiked, credit tightenedThe recent retreat in corn prices came too late for one of the nation's biggest ethanol producers, as the twin blows of high costs and less credit pushed VeraSun Energy Corp. into bankruptcy.Source: MarketWatch.com - Top Stories | 1 Nov 2008 | 8:06 pm Panasonic discussing Sanyo buyout with Goldman Sachs, say reportsConsumer electronics producer Panasonic Corp. is discussing buying the stakes in Sanyo Electric Co. held by Goldman Sachs and two Japanese financial institutions, media reports said Saturday.Source: MarketWatch.com - Top Stories | 1 Nov 2008 | 6:42 pm Call this a crisis? Just waitStaring into the abyss always focuses the mind, which can help you avoid falling in. So let's take a look at the potential catastrophe that awaits us once we survive our current crisis.Source: Business and financial news - CNNMoney.com | 1 Nov 2008 | 6:17 pm Mystery firm 'may bid' for HBOSA European financial services company could make a bid for Halifax Bank of Scotland, BBC Scotland learns.Source: BBC News | Business | World Edition | 1 Nov 2008 | 5:48 pm How the economy stole the electionTwo years ago it seemed that the election would hinge on Iraq, now it's the economy that's on voter's minds. Here's how that happened.Source: Business and financial news - CNNMoney.com | 1 Nov 2008 | 4:03 pm Not season for financial follyAs the economic recession hits household spending during the Christmas season, people are expected to shun the shopping malls and hunker at home for the holidays. Tourism Industry Association chief executive Tim Cossar says: "Economic...Source: New Zealand Herald - Business | 1 Nov 2008 | 4:00 pm Lenders make it much harderWant to raise a mortgage in these dark financial days? Bank vaults are still full of money and most sound keen to lend it. Apparently what needs to change in this global credit crunch is you _ and your attitude to becoming a mortgagor. While...Source: New Zealand Herald - Business | 1 Nov 2008 | 4:00 pm Bernard Hickey : Guarantees change interest rate marketA few months ago I surveyed the market for term deposit rates and mortgages to see who had the best deals and whether to opt for long or short-term savings accounts and loans. So much has changed since then it's worth revisiting...Source: New Zealand Herald - Business | 1 Nov 2008 | 4:00 pm Martin Hawes : Bad debt attitude behind crisisI spent last week rock-climbing in Australia. While there, I chanced on a TV programme on greed and the cause of the financial meltdown. The programme had some luminaries, including a finance minister, experts from New York, and...Source: New Zealand Herald - Business | 1 Nov 2008 | 4:00 pm NewsWatch: October set a slew of trading records, mostly badRead 'em and weep: A data recap of the October carnage in the financial markets.Source: MarketWatch.com - Top Stories | 1 Nov 2008 | 4:00 pm Top tips : Benefit of creating a charitable trustMark Cassidy, Guardian Trust's manager of philanthropy, on the benefit of creating a charitable trust. How do charitable trusts differ from other types of trusts? A charitable trust is similar to any other trust. Trustees...Source: New Zealand Herald - Business | 1 Nov 2008 | 4:00 pm October Internet use: Vista up, Mac downSource: Business and financial news - CNNMoney.com | 1 Nov 2008 | 3:59 pm Auto Review: 2008 Mitsubishi Lancer Evolution MRThe 2008 Mitsubishi Lancer Evolution MRis the perfect car for “Lady Heather,” the dominatrix that seems to captivate Gil Grissom on the TV series CSI: Crime Scene Investigation.Source: MarketWatch.com - Top Stories | 1 Nov 2008 | 3:23 pm Bailout beneficiary takes over Florida bankFifth Third Bancorp, which is receiving $3.5 billion in bailout money, will acquire Florida's failed Freedom Bank.Source: Business and financial news - CNNMoney.com | 1 Nov 2008 | 3:19 pm Gas falls to $2.46 a gallonGas prices lost more than 4 cents to sell near $2.46 a gallon on average, according to a nationwide survey of filling station credit card swipes.Source: Business and financial news - CNNMoney.com | 1 Nov 2008 | 1:55 pm Panasonic considering purchase of Sanyo - reportsPanasonic Corp. may buy Sanyo Electric Co. and will soon enter negotiations with major shareholders, news reports said Saturday.Source: Business and financial news - CNNMoney.com | 1 Nov 2008 | 1:13 pm If Sears (SHLD) Can't Extend Credit, Sales Could Fall 10%
All of that means that in a retail downturn, Sears is worse off than most other large, national retail chains. Sears could help drive in traffic by offering phenomenal low interest credit card deals. The trouble with giving out credit to the poor and middle class in a deep recession is that many people will not pay the money back. According to Bloomberg, "Almost a quarter of shoppers say banks cut the spending limits on their credit cards, according to a survey by America's Research Group." The car industry and banks have already figured out that buyers will stiff them at a moment's notice. Sears is faced with the options of giving credit to high-risk borrowers to get them into its stores or sharply falling sales due to the inability of consumers to get spending money. Either way, look for shares in Sears to fall from their current price of $57 to below its 52-week low of $46.51. It would not be surprising to see that stock under $30 before the end of the year. Douglas A. McIntyre Source: 24/7 Wall St. | 1 Nov 2008 | 12:46 pm As Verasun (VSE) Goes Chapter 11, The Ethanol Industry Faces Serial Failures
When oil was at $147 a barrel, ethanol was a savior for car and truck drivers everywhere. The ethanol industry built tremendous production and transportation infrastructure. It was a "if we build it, the will come" strategy. Then, the world fell apart. Prices for gas at the pump are back down well below $3 instead of being headed toward $5 as they were in August. Verasun says it will keep operating, but common shareholders have been crushed to death. The stock was at nearly $18 late last year. Now it is under $.40. The next companies that stockholders need to be concerned about are Pacific Ethanol (PEIX), which has dropped from a one-year high of almost $10 to $.90 and ADM (ADM), which is too big to fail but could get nicked by the industry fallout. Until oil moves back above $100, ethanol companies are in a coma. Douglas A. McIntyre Source: 24/7 Wall St. | 1 Nov 2008 | 12:11 pm
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