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Huge sales attract more shoppersThe post-Christmas sales have attracted more customers to UK shops than a year ago, preliminary estimates show.Source: BBC News | Business | World Edition | 28 Dec 2008 | 2:13 pm NewsWatch: U.S. stocks turn to final week of 2008The final week of the 2008 is unlikely to be as tumultuous for stocks as the year has been to this point.Source: MarketWatch.com - Top Stories | 28 Dec 2008 | 2:00 pm Israel readies for ground assaultIsrael is mobilising military reservists for a possible invasion of the Gaza Strip after killing at least 280 Palestinians in two days of air strikesSource: Financial Times - US homepage | 28 Dec 2008 | 1:29 pm Adams 'poised for administration'UK childrenswear retailer Adams is the latest chain store to apply to go into administration, the BBC has learned.Source: BBC News | Business | World Edition | 28 Dec 2008 | 12:55 pm Global Economy Could Shrink In 2009, First Contraction Since 1947
According to The London Telegraph, Stephen King, HSBC's chief economist writes "On the basis of nominal GDP weights, we expect global GDP to shrink in 2009, an extraordinary development in the modern era." That probably means that even countries which have had extraordinary growth like China could move into deep recession. The economic results will not be the only fall-out in developing nations. There is already news of social unrest in large countries including Russia and China. The Russian central government is beginning to influence how the national press describes the financial crisis so that it can "spin" the problem as being less troubling than it is. Labor strikes have begun in certain parts of China. If wages drop quickly in most countries and unemployment rises sharply the political fail-out in nations from Russia to Venezuela could push the current governments out of power.Who replaces them could have a significant effect on world trade. Panic often fails over into paranoia and protectionism. Douglas A. McIntyre Source: 24/7 Wall St. | 28 Dec 2008 | 12:25 pm Economic Preview: Weak demand seen dragging down manufacturingWASHINGTON (MarketWatch) -- Weak demand has taken a toll on manufacturing, and manufacturers may not be out of the woods yet, according to economic reports due in the coming week.Source: MarketWatch.com - Top Stories | 28 Dec 2008 | 12:00 pm CS clients may have lost $925.9 million on Madoff: paperZURICH (Reuters) - Credit Suisse clients may have lost up to 1 billion Swiss francs ($925.9 million) on investments connected to accused swindler Bernard Madoff, newspaper Sonntag reported on Sunday.Source: Reuters: Business News | 28 Dec 2008 | 11:48 am CS clients may have lost $925.9 million on Madoff: paperZURICH (Reuters) - Credit Suisse clients may have lost up to 1 billion Swiss francs ($925.9 million) on investments connected to accused swindler Bernard Madoff, newspaper Sonntag reported...Source: RSS feed - channel BNewsBusiness | 28 Dec 2008 | 11:48 am CS clients may have lost $925.9 million on Madoff: paper (Reuters)
Source: Yahoo! News: Business | 28 Dec 2008 | 11:48 am The euro at a glance___ _ The euro zone currently encompasses 15 countries with a combined population of 320 million and a 16.4 percent share of world gross domestic product. That compares with the U.S.,...Source: RSS feed - channel BNewsBusiness | 28 Dec 2008 | 11:30 am Euro currency turns 10; seen fulfilling promiseTen years ago, Europe launched its grand experiment with a shared currency _ and watched it plunge so far it needed a bailout from central banks. But as the anniversary approaches of theSource: RSS feed - channel BNewsBusiness | 28 Dec 2008 | 11:20 am Credit Suisse clients lost 1 bln francs in Madoff scam: media reportClients of Switzerland's second biggest bank Credit Suisse have lost up to a billion Swiss francs in the alleged pyramid scheme of Wall Street titan Bernard Madoff, according to a Sunday...Source: RSS feed - channel BNewsBusiness | 28 Dec 2008 | 11:00 am Swiss FM eyes new economy stimulus planSwiss Foreign Minister Micheline Calmy-Rey said on Sunday that new measures were necessary to stimulate the country's economy which has been forecast to plunge into recession next year.Source: RSS feed - channel BNewsBusiness | 28 Dec 2008 | 10:39 am Take Inspiration for 2009 Business Resolutions
There are only a few days left to make 2009 New Year’s resolutions for your business. If you’re self-motivated, you’ve probably already made your list, or at least spent some shower time thinking about what you’ll do differently in the new year. If you’re like me, you need some inspiration. Here are some launching points to get you thinking about what your own business resolutions might look like. It’s amazing how different businesses have many of the same issues to improve. I’ve included my favorite line item from each list. Bootstrapping Blog - This great list from 2007 has bolded line items especially for bloggers.
Small Business Trends- David Bohl hits the fundamentals in this list of resolutions related to basic business functions.
About Retailing - Shari Waters provides a wonderful list of resolutions for retailers.
Etsy- Crafters are business people too!
Loan Processor Blog - Don’t think you have anything in common with loan processors? Think again.
Let us know what you’re inspired to work on this year! Image Credit: Mykl Roventine, Flickr Source: Business Pundit | 28 Dec 2008 | 10:30 am Ashley calls off Newcastle saleNewcastle United owner Mike Ashley announces he has taken the club off the market after failing to find a buyer.Source: BBC News | Business | World Edition | 28 Dec 2008 | 9:13 am In over your head? Tips for finding a credit counselorBogus advisors abound and can make your debt situation worse. Here are ways to find legitimate help. Debt.Source: RSS feed - channel BNPaperBusiness | 28 Dec 2008 | 8:00 am Waiting on Obama"Change is coming," the new president promises. For investors and savers, that offers reasons to be both hopeful and fearful. More than likely, your personal finances already have been through enough wrenching...Source: RSS feed - channel BNPaperBusiness | 28 Dec 2008 | 8:00 am Contemplating a bold agenda, Mr. Obama? Don't use the tax code as a toolDear President-elect Obama:Source: RSS feed - channel BNPaperBusiness | 28 Dec 2008 | 8:00 am Preserving a Zen visionThe home that Japanese American artist and Los Angeles landscaper Benji Okubo built on the top of Mt. Washington in 1953 continues to reflect his vision 33 years after his death.Source: RSS feed - channel BNPaperBusiness | 28 Dec 2008 | 8:00 am Bringing a multicultural world home to childrenThe creator of Global Wonders wants kids to learn about people unlike themselves as they play. The gig : Founder and CEO of Global Wonders...Source: RSS feed - channel BNPaperBusiness | 28 Dec 2008 | 8:00 am Don't risk your home to pay for collegeTaking out federal student loans could be a smarter way than trying to refinance. Dear Liz: We owe $127,000 on a home that's currently...Source: RSS feed - channel BNPaperBusiness | 28 Dec 2008 | 8:00 am California is home to 9 of the 10 areas where housing prices have fallen the mostNationally, home prices marked nine straight months of depreciation in October, for a 10.4% decline from October 2007. ...Source: RSS feed - channel BNPaperBusiness | 28 Dec 2008 | 8:00 am Fisher-Price apologizes for DVD's adult hot line numberSorry, very wrong numberSource: RSS feed - channel BNPaperBusiness | 28 Dec 2008 | 8:00 am Discretionary mortgage rates and fees could violate federal lawIn a legal settlement with Gateway Funding Diversified Mortgage Services, the FTC alleged that minority refinancers and home buyers were charged more than similar white applicants. ...Source: RSS feed - channel BNPaperBusiness | 28 Dec 2008 | 8:00 am Consumer advocates hope watchdog agencies get more biteThe Obama administration is expected to usher in a new era of protection. You'll be safer in 2009. At least that's...Source: RSS feed - channel BNPaperBusiness | 28 Dec 2008 | 8:00 am China says 2008 crude production up 1.6 pct: state mediaChina is expected to produce a total of 189 million tonnes of crude oil in 2008, an increase of 1.6 percent over last year, state media reported Sunday. PetroChina, the...Source: RSS feed - channel BNewsBusiness | 28 Dec 2008 | 3:48 am Malaysia's AirAsia X to expand routes amid economic crunchMalaysian budget carrier AirAsia X said it can weather the storm of a sharply deteriorating global economy and is hiring pilots to expand its routes to China, India, South Korea and Japan.Source: RSS feed - channel BNewsBusiness | 28 Dec 2008 | 3:43 am Japan steelmakers likely cut profit forecasts: NikkeiTOKYO (Reuters) - Japan's Nippon Steel Corp and JFE Holdings Inc will likely cut their operating profit forecasts for this business year as demand from automakers and other customers plunges, the Nikkei business daily said on Sunday.Source: Reuters: Business News | 28 Dec 2008 | 2:31 am Japan steelmakers likely cut profit forecasts: Nikkei (Reuters)
Source: Yahoo! News: Stock Markets News | 28 Dec 2008 | 2:31 am Japan steelmakers likely cut profit forecasts: NikkeiTOKYO (Reuters) - Japan's Nippon Steel Corp and JFE Holdings Inc will likely cut their operating profit forecasts for this business year as demand from automakers and other customers...Source: RSS feed - channel BNewsBusiness | 28 Dec 2008 | 2:31 am Ecuador cuts Italy's Agip oil production for OPEC quotaPresident Rafael Correa said Saturday he ordered Italy's Agip Oil company to halt production so Ecuador can meet OPEC's agreed output cut for the country of 40,000 barrels a day.Source: RSS feed - channel BNewsBusiness | 28 Dec 2008 | 12:34 am RBS poised to pull £7bn insurer saleROYAL Bank of Scotland is considering abandoning the £7 billion sale of its insurance operations, as fears grow that it is likely to announce a new year profits warning.Source: Latest Business News from Times Online | 28 Dec 2008 | 12:00 am Clothing chain Adams cut down by retail wipeoutTHE retail crisis claimed another victim this weekend with childrenswear chain Adams, which has 260 stores in the UK and 116 overseas, poised to go into administration.Source: Latest Business News from Times Online | 28 Dec 2008 | 12:00 am Global links mean a chain reaction of troubleEver wondered how your iPod or PC was put together? An American writer, Thomas L Friedman, did and in his 2005 book, The World is Flat, analysed the making of his Dell laptop. He thought — as most of us would — that it was assembled by Chinese labour on a sweatshop assembly line.Source: Latest Business News from Times Online | 28 Dec 2008 | 12:00 am The year the bubble burstIN the end, with just a few days of a tumultuous year to go, it took a billionaire showman to sum it up best.Source: Latest Business News from Times Online | 28 Dec 2008 | 12:00 am Pinault woes may force Château Latour sell-offTHE future of the renowned Château Latour vineyard was in question last night after it emerged that the investment bank Lazard is discreetly offering the label for sale to French competitors.Source: Latest Business News from Times Online | 28 Dec 2008 | 12:00 am Chaos of 2008 causes havoc for predictionsSo what a horrible year that was. A full-blown credit crunch, of the kind I have never witnessed before, alongside a nasty commodity-price shock. One was the worst since the 1930s, the other the biggest since the 1970s.Source: Latest Business News from Times Online | 28 Dec 2008 | 12:00 am Claridge's owner Derek Quinlan seeks funds for expansionDEREK QUINLAN, the property tycoon behind some of London’s top hotels including Claridge’s and the Berkeley, has hired investment bankers to find new investors to bankroll an international expansion of the five-star group.Source: Latest Business News from Times Online | 28 Dec 2008 | 12:00 am Shop’s £48,000 bill for Npower errorA FAMILY-OWNED shop in Wigan was forced to pay £48,000 in back bills to Npower after the energy giant realised that it had mistakenly failed to bill the company for more than three years.Source: Latest Business News from Times Online | 28 Dec 2008 | 12:00 am Skipton building society to sell debt-collection arm Homeloan Management LtdONE of Britain’s biggest debt-collection firms could be about to come up for sale for about £200m.Source: Latest Business News from Times Online | 28 Dec 2008 | 12:00 am Late payers are given let-off by the taxmanINDIVIDUALS struggling to pay their tax bill by January 31 will be allowed to defer it without incurring penalty charges.Source: Latest Business News from Times Online | 28 Dec 2008 | 12:00 am Phoenix finally hops on the trainRead full story for latest details.Source: Business and financial news - CNNMoney.com | 27 Dec 2008 | 11:01 pm NewsWatch: U.S. stocks turn to final week of 2008The final week of the 2008 is unlikely to be as tumultuous for stocks as the year has been to this point.Source: MarketWatch.com - Top Stories | 27 Dec 2008 | 10:00 pm Cuba growth slows to 4.3 pct on food costs, stormsCuba is ending one of its toughest economic years since the collapse of the Soviet Union, as costly food imports and three devastating hurricanes held annual growth to 4.3 percent, barely...Source: RSS feed - channel BNewsBusiness | 27 Dec 2008 | 9:39 pm Israeli air strikes reportedly kill and wound hundreds in GazaIsrael unleashes a string of air strikes against targets in the Gaza Strip, reacting to the firing of rockets and mortars into southern Israel by Hamas militants. At least 200 Palestinians are reportedly killed in the attacks, with hundreds more wounded.Source: MarketWatch.com - Top Stories | 27 Dec 2008 | 7:31 pm Stocks to Watch: Stocks in focus for MondayCompanies whose shares are expected to see active trading on Dec. 29.Source: MarketWatch.com - Top Stories | 27 Dec 2008 | 7:01 pm Bargains in closing Woolworths shopsShoppers find savings of up to 90% as a quarter of Woolworths' 800 stores close their doors for the final time.Source: BBC News | Business | World Edition | 27 Dec 2008 | 6:30 pm Gas prices hit five-year lowDrivers returning home from the Christmas holiday this weekend will be paying less for gasoline than they have in in five years, according to a survey of credit card swipes at service stations across the nation..Source: Business and financial news - CNNMoney.com | 27 Dec 2008 | 5:24 pm Recovery seen for US stocks as trading enters new year (AFP)
Source: Yahoo! News: Stock Markets News | 27 Dec 2008 | 5:00 pm NewsWatch: U.S. stocks turn to final week of 2008The final week of the 2008 is unlikely to be as tumultuous for stocks as the year has been to this point.Source: MarketWatch.com - Top Stories | 27 Dec 2008 | 5:00 pm Yes Virginia, there is a $99 iPhoneSource: Business and financial news - CNNMoney.com | 27 Dec 2008 | 4:29 pm Rental house of horrorsUnwary landlords can find themselves caught up in a host of financial complications and be burned when they discover the cost of owning a rental property. Property tax expert Mark Withers is warning the new wave of "accidental"...Source: New Zealand Herald - Business | 27 Dec 2008 | 4:00 pm Retailers in the moneyThe gloomy economic outlook and not-so-gloomy weather failed to put a downer on the Boxing Day retail rush. New Zealand's largest Eftpos company, Paymark, processed $96 million worth of transactions on Friday, a record amount for...Source: New Zealand Herald - Business | 27 Dec 2008 | 4:00 pm Jacqueline Smith: Eight business ideas that rocketed off in 20081. Making good use of waste: This month Blenheim-based Aquaflow Bionomic Corporation announced it had successfully refined wild algae to create the world's first sample of synthetic paraffinic kerosene. Blended with petroleum-based...Source: New Zealand Herald - Business | 27 Dec 2008 | 4:00 pm Bernard Hickey: Protectionism is a trade pariahEconomic historians looking for ways to avoid another Great Depression always point to the Smoot Hawley Tariff Act of June 1930 as a vandalism on world trade that should never be repeated. Two Republican congressmen took advantage...Source: New Zealand Herald - Business | 27 Dec 2008 | 4:00 pm Editorial: Prudence, not anxiety, key to survival in economic stormBy now, the stresses of Christmas should be easing up. We will have disposed of the wrapping paper - thoughtfully, please, in the recycle bin - and those of us who hadn't already headed to the beach or bush, may have checked out the...Source: New Zealand Herald - Business | 27 Dec 2008 | 4:00 pm Guinean junta warns mining sectorGuinea's coup leader says contracts for the vital mining industry will be reviewed as he vows to curb corruption.Source: BBC News | Business | World Edition | 27 Dec 2008 | 3:52 pm NewsWatch: U.S. stocks end higher with holiday sales in playU.S. stocks move mostly higher, led by energy shares as crude prices advance, while retailers are in focus as post-Christmas sales kick off.Source: MarketWatch.com - Top Stories | 27 Dec 2008 | 2:00 pm Bailout blow-out car dealsThere is one bright spot in the spiraling auto industry's malaise: deals.The auto-pricing experts at CarsDirect.com helped us identify some of the best.Source: Business and financial news - CNNMoney.com | 27 Dec 2008 | 1:45 pm Stocks' wild ride: 8 days to rememberStocks were on a roller coaster in 2008 as investors tried to keep up with bailouts, bankruptcies, a credit crisis and a long recession.Source: Business and financial news - CNNMoney.com | 27 Dec 2008 | 1:44 pm
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