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President Obama stimulus on brink of Senate approvalThe US House of Representatives passed a $787 billion ($£542 billion) stimulus package today as President Barack Obama warned that economic recovery in the United States "will be measured in years, not months"Source: Latest Business News from Times Online | 14 Feb 2009 | 10:34 pm GSK to slash prices in 50 Sub-Saharan countriesGlaxoSmithKline (GSK) has pledged to fulfil its “obligation” as a huge pharmaceutical company by doing much more to help fight disease in Sub-Saharan Africa.Source: Latest Business News from Times Online | 14 Feb 2009 | 7:30 pm Abercrombie & Fitch refuses to reduce pricesAbercrombie & Fitch appeared to have it all – a glossy catalogue filled with beautiful young men and women, glamorously photographed by Bruce Weber; gorgeous assistants in carefully lit stores that seem more like nightclubs than retail outlets; and fashionable garments emblazoned with the A&F logo, appealing to the upwardly mobile youth of America.Source: Latest Business News from Times Online | 14 Feb 2009 | 7:23 pm NewsWatch: Health-care stocks bandage wounded investment portfoliosHealth-care stocks have performed better than their counterparts in other industries due to steady demand, strong earnings and finances, and expectations of industry consolidation.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 5:00 pm G7 pledges to avoid protectionismLeading industrial countries promise to avoid protectionism as they describe stabilising the world economy as the "highest priority".Source: BBC News | Business | World Edition | 14 Feb 2009 | 4:47 pm Congress passes huge economic stimulus packageWith support from just three Republicans, the Democratic majorities in both the House and the Senate approved a sprawling, $787 billion economic stimulus package backed by President Barack Obama, handing the new president a major victory on his top economic priority.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 4:23 pm XplosiveStocks.com: How to Invest in Penny Stocks and Make a KillingMONTREAL, Feb. 14 /PRNewswire/ - These days big board stocks don't bring much confidence to any investors. Just take a look at Fannie Mae (NYSE:FNM), Freddie Mac (NYSE:FRE),Source: RSS feed - channel BNewsBusiness | 14 Feb 2009 | 4:12 pm Charlotte in same predicament as Wall StreetThe financial collapse has hit the city known as Wall Street South. For years, Bank of America Corp. and Wachovia Corp. helped turn Charlotte into a financial powerhouse. Now, the big...Source: RSS feed - channel BNewsBusiness | 14 Feb 2009 | 4:05 pm Stuck on the CV shelfDerk Schoemaker blames himself for being made redundant. He lost his job just before Christmas and despite applying through agencies for 38 roles, he has had just one interview and no offers. The unemployed business development...Source: New Zealand Herald - Business | 14 Feb 2009 | 4:00 pm Car prices set to zoomNew and used car prices are about to increase sharply, so prospective buyers should act now, motoring industry leaders say. Motor Industry Association chief executive Perry Kerr says the industry is looking at a potential 40 per...Source: New Zealand Herald - Business | 14 Feb 2009 | 4:00 pm To flee or not to fleeBreaking A fixed-rate mortgage may be financially painful, but it is always worth finding out the facts from your lender and doing the maths, says an industry specialist. Annette Kann of mortgage broker Roost says home owners...Source: New Zealand Herald - Business | 14 Feb 2009 | 4:00 pm Top tips : To pull through the recessionAmerican business guru Tom Peters inspires business leaders to pull through the recession. Is it all doom and gloom, or can Kiwi businesspeople take heart that something good can come of this recession? It's up to small and...Source: New Zealand Herald - Business | 14 Feb 2009 | 4:00 pm Martin Hawes : Winston was right after allDear Mr Peters, I think I owe you an apology. I am sure politicians do not receive apologies very often - you lot do not generally back down from your hard-held positions and say that you have changed your minds and are sorry....Source: New Zealand Herald - Business | 14 Feb 2009 | 4:00 pm Bernard Hickey : Note to MPs - Consumers are on the moneyI'd like to be given some money for nothing and I'm sure most people would. I'd like it in cash, but a cheque would be fine. If I was an Australian taxpayer, I would be receiving my second such cheque worth more than $1000 next...Source: New Zealand Herald - Business | 14 Feb 2009 | 4:00 pm Bill Ralston: Labour lucky to have lostBill English looks like a bloke trying to bail out the sinking Titanic with a bucket. Labour called last week's half-billion-dollar fiscal stimulus package "timid" but I'm buying National's warning that we cannot lumber future generations...Source: New Zealand Herald - Business | 14 Feb 2009 | 4:00 pm Learning to lead by exampleAs recession-hit businesses scrutinise their productivity and bottom line, visiting leadership and staff retention expert Avril Henry has a simple advice: "If you take care of the people, the profits will follow". Up to 60 per...Source: New Zealand Herald - Business | 14 Feb 2009 | 4:00 pm Money-making dreamMicrosoft Corp co-founder Paul Allen has sold off all his remaining shares in DreamWorks Animation SKG Inc, according to a securities filing this week, ending his involvement in a company he helped launch more than a decade ago. The...Source: New Zealand Herald - Business | 14 Feb 2009 | 4:00 pm Anthony Doesburg: Councils ignore web's benefitsDo you get frustrated at the local authority services you can and can't access online? So does the organisation whose mission is to foster council adoption of online services, Local Government Online, or LGOL. Councils should start...Source: New Zealand Herald - Business | 14 Feb 2009 | 3:59 pm Merkel slams bonuses at bailed out banks: reportGerman Chancellor Angela Merkel hit out at banks that have doled out bonuses to executives despite having received government aid to weather the global financial crisis. "It's...Source: RSS feed - channel BNewsBusiness | 14 Feb 2009 | 3:44 pm Wal-Mart hails court ruling on discrimination suitNEW YORK (Reuters) - Wal-Mart Stores Inc praised a U.S. appeals court decision to rehear a ruling that would have allowed a sex discrimination claim against the retail giant to proceed as a class-action lawsuit.Source: Reuters: Business News | 14 Feb 2009 | 3:42 pm Wal-Mart hails court ruling on discrimination suitNEW YORK (Reuters) - Wal-Mart Stores Inc praised a U.S. appeals court decision to rehear a ruling that would have allowed a sex discrimination claim against the retail giant to proceed as aSource: RSS feed - channel BNewsBusiness | 14 Feb 2009 | 3:42 pm Wal-Mart hails court ruling on discrimination suit (Reuters)Reuters - Wal-Mart Stores Inc praised a U.S. appeals court decision to rehear a ruling that would have allowed a sex discrimination claim against the retail giant to proceed as a class-action lawsuit.Source: Yahoo! News: Business | 14 Feb 2009 | 3:42 pm Nigeria's Oando takes delivery of third oil rigABUJA, Feb 14 (Reuters) - Oando Plc said on Saturday it has taken delivery of a $53.5 million oil rig, enabling Nigeria's top fuel retailer and gas distributor to drill in depths in excess of 30,000 feet...Source: RSS feed - channel BNewsBusiness | 14 Feb 2009 | 3:09 pm Wall Street: Devil is in the detailsA lack of clear communication between the government and Wall Street last week left investors scratching their heads and dumping their stocks. The week ahead brings a chance for a rapprochement.Source: Business and financial news - CNNMoney.com | 14 Feb 2009 | 3:08 pm Stimulus bill restricts executive compensationRead full story for latest details.Source: Business and financial news - CNNMoney.com | 14 Feb 2009 | 2:47 pm Kuwait Petroleum Rotterdam plant operating after blazeAMSTERDAM, Feb 14 (Reuters) - Production operations at Kuwait Petroleum's refinery in Rotterdam continued on Saturday amid clean-up work after a blaze forced the shutdown of a sulphur extraction plant...Source: RSS feed - channel BNewsBusiness | 14 Feb 2009 | 2:44 pm US stimulus clears CongressThe biggest economic stimulus in US history cleared Congress in a victory for President Barack Obama less than a month after he took office. The $787bn package represents the most important legislative effort yet to pull the US out of its continuing recessionSource: Financial Times - US homepage | 14 Feb 2009 | 2:35 pm VW chief warns of French auto 'protectionism'The head of Germany's Volkswagen, Europe's leading automaker, expressed concern in an interview released Saturday that France's auto bailout was a form of protectionism and hurts the...Source: RSS feed - channel BNewsBusiness | 14 Feb 2009 | 2:33 pm French banks expected to merge February 26: sourceFrench banks Caisse d'Epargne and Banque Populaire are expected to announce a merger to form the country's second biggest bank on February 26, a source close to the talks said Saturday. ...Source: RSS feed - channel BNewsBusiness | 14 Feb 2009 | 2:31 pm G7: Jittery over 'buy American'Read full story for latest details.Source: Business and financial news - CNNMoney.com | 14 Feb 2009 | 2:21 pm NewsWatch: Health-care stocks bandage wounded investment portfoliosHealth-care stocks have performed better than their counterparts in other industries due to steady demand, strong earnings and finances, and expectations of industry consolidation.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 2:00 pm 9 weddings: Love in the time of recessionSource: Business and financial news - CNNMoney.com | 14 Feb 2009 | 1:40 pm Can't complain about handling 'crisis of century': SarkozyFrench President Nicolas Sarkozy said Saturday he could not complain about having to deal with the economic downturn, which he called "the crisis of the century." Sarkozy spoke at the...Source: RSS feed - channel BNewsBusiness | 14 Feb 2009 | 1:33 pm Morgan Stanley (MS) And Citigroup (C) To Pay $3 Billion To Brokers? Not If Treasury Says “No”Wall St. keeps coming up with new ways to waste money and upset Congress, the Administration, and the public. Part of the argument made by large financial firms for paying out big big bonuses is that...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 14 Feb 2009 | 1:24 pm Personal Finance Daily: The week's 10 best Personal Finance stories: Feb. 9-13In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of Feb. 9-13:Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 1:01 pm Belgium to take steps to 'reassure' Fortis clientsBelgium's finance minister said the government would take steps to reassure clients of troubled banking group Fortis and hold talks with BNP Paribas after shareholders rejected its breakup.Source: RSS feed - channel BNewsBusiness | 14 Feb 2009 | 12:58 pm Number of Russian billionaires halves in a year as financial crisis destroys fortunesFinancial crisis has destroyed superrich of 'wild east' says magazine.Source: Telegraph Finance | 14 Feb 2009 | 12:57 pm Obama hails bail-out 'milestone'US President Obama says Congress approval of his $787bn stimulus plan is a "major milestone" to economic recovery.Source: BBC News | Business | World Edition | 14 Feb 2009 | 12:45 pm G7 pledges to avoid protectionismFinance ministers and central bankers from the Group of Seven industrial democracies meeting in Rome discussed how to tackle the worst global recession in generations without damaging free trade and hurting each other's economies.Source: Financial Times - US homepage | 14 Feb 2009 | 11:57 am Obama vows to act fast on economic stimulus (Reuters)
Source: Yahoo! News: Business | 14 Feb 2009 | 11:11 am Obama vows to act fast on economic stimulusCHICAGO (Reuters) - President Barack Obama on Saturday hailed congressional approval of a $787 billion economic stimulus bill as a "major milestone on our road to recovery" and vowed to move swiftly to set the plan in motion.Source: Reuters: Business News | 14 Feb 2009 | 11:11 am Congress sends $787 billion stimulus to ObamaWASHINGTON (Reuters) - The U.S. Congress, handing President Barack Obama a major legislative victory, approved on Friday a $787 billion stimulus bill that aims to rush emergency government spending and tax cuts to a nation in the grip of a severe recession.Source: Reuters: Business News | 14 Feb 2009 | 11:02 am Auto Review: 2009 Ford F-150 Supercrew: The strong, silent typeFord did a front grille to tailgate overhaul of what has been, since the days of Noah, the best selling pickup truck in all the land.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 11:01 am U.S. auto suppliers seek $18.5 billion in government aidDETROIT (Reuters) - U.S. auto suppliers submitted a formal request to the U.S. Treasury on Friday for $18.5 billion in emergency funding to avoid a wave of bankruptcies and a deeper crisis in the auto industry.Source: Reuters: Business News | 14 Feb 2009 | 8:53 am Bids for Sirius XM may be fueled by longtime rivalryDirecTV's John Malone and Dish Network's Charles Ergen are said to be in talks to strike some type of deal with the debt-laden firm. But just how badly they want the satellite radio company is unclear...Source: RSS feed - channel BNPaperBusiness | 14 Feb 2009 | 8:00 am 'Mostly bleak' is an improvement for investorsWe've reached a point in the global recession where things no longer look universally bleak.Source: RSS feed - channel BNPaperBusiness | 14 Feb 2009 | 8:00 am Lego sales climb as parents seek cheaper, more durable toysSales rose 38% in 2008 and growth is forecast for this year as parents buy more durable toys. Lego, Europe's biggest...Source: RSS feed - channel BNPaperBusiness | 14 Feb 2009 | 8:00 am Microsoft to launch its own retail storesThe software giant, taking a page from Apple's playbook, wants to make it easier for customers to check out products such as the XBox game console. Analysts are skeptical. ...Source: RSS feed - channel BNPaperBusiness | 14 Feb 2009 | 8:00 am Praise, and past problems, emerge for peanut executiveStewart Parnell is known as a respected businessman in his hometown. But the deadly Georgia salmonella outbreak has not been his first bout of trouble. ...Source: RSS feed - channel BNPaperBusiness | 14 Feb 2009 | 8:00 am Diller's leadership at issue in Ticketmaster-Live Nation mergerLive Nation's top shareholder wants different leadership for the company that would result from the merger, saying that Ticketmaster Chairman Diller is associated with low returns. ...Source: RSS feed - channel BNPaperBusiness | 14 Feb 2009 | 8:00 am White House and major banks act on housing crisisThe administration moves up the unveiling of its rescue plan and lenders pledge to freeze foreclosures. With pressure...Source: RSS feed - channel BNPaperBusiness | 14 Feb 2009 | 8:00 am Twitter gets $35 million in new venture fundsWhen you're San Francisco's hottest start-up, you don't need to look for funding. The money comes to you.Source: RSS feed - channel BNPaperBusiness | 14 Feb 2009 | 8:00 am Bankruptcy erases Allen's Charter stakeCABLE TVSource: RSS feed - channel BNPaperBusiness | 14 Feb 2009 | 8:00 am Camp Pendleton generates jobs for San Diego building industryThough commercial projects in the region have stalled and foreclosures proliferate, Pendleton is bustling with new construction. The stimulus package could mean even more military building jobs. ...Source: RSS feed - channel BNPaperBusiness | 14 Feb 2009 | 8:00 am Investors anxious for clarity on bank plan (Reuters)
Source: Yahoo! News: Stock Markets News | 14 Feb 2009 | 5:16 am Investors anxious for clarity on bank plan (Reuters)
Source: Yahoo! News: Business | 14 Feb 2009 | 5:16 am Investors anxious for clarity on bank planNEW YORK (Reuters) - With Wall Street veering close to the November bear market lows, the market is likely to be awash with caution next week as investors look for clarity on how the government plans to shore up banks, housing and the economy.Source: Reuters: Business News | 14 Feb 2009 | 5:16 am Market Snapshot: Stocks to cut their apron strings with WashingtonU.S. stocks, at the beck and call of Capitol Hill in the past month, get a chance to cut those ties in the week ahead, as Congress heads home and a smattering of corporate and economic releases take over the calendar.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 5:01 am Stanford, flamboyant Texan, faces media glareBOSTON (Reuters) - Just three weeks ago, Allen Stanford was listed as one of the 100 most influential people in British sport. Now, the Texas billionaire is at the center of the latest investigation by Wall Street regulators.Source: Reuters: Business News | 14 Feb 2009 | 4:34 am Trump says quitting board of namesake casino groupNEW YORK (Reuters) - Real estate tycoon Donald Trump said on Friday he has decided to resign from the board of Trump Entertainment Resorts due to disagreements with bondholders who want the casino group to file for bankruptcy.Source: Reuters: Business News | 14 Feb 2009 | 4:28 am Deadline looms for DetroitOn Tuesday, General Motors and Chrysler LLC have to submit plans to the government that show how they plan to turnaround their troubled companies. It won't be an easy task.Source: Business and financial news - CNNMoney.com | 14 Feb 2009 | 4:13 am FDIC shutters four banks in one dayLoup City, Neb.-based Sherman County Bank, Cape Coral, Fla.-based Riverside Bank of the Gulf Coast, Pittsfield, Ill.-based Corn Belt Bank and Trust Company, and Pinnacle Bank of Beaverton, Ore. are closed by regulators Friday.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 4:06 am Congress sends $787 billion stimulus to Obama (Reuters)
Source: Yahoo! News: Business | 14 Feb 2009 | 4:04 am Senate passes $787 billion stimulus billIt's a done deal. Still controversial, but a done deal.Source: Business and financial news - CNNMoney.com | 14 Feb 2009 | 3:56 am Citi, M. Stanley may pay $3 billion to keep brokers: reportNEW YORK (Reuters) - Morgan Stanley and Citigroup Inc are preparing to pay $3 billion of retention awards to brokers to keep them from fleeing a brokerage joint venture, the Wall Street Journal said on Friday, citing people familiar with the matter.Source: Reuters: Business News | 14 Feb 2009 | 3:13 am Therese Poletti's Tech Tales: Some cash-rich companies can afford to keep employees aroundCisco Systems has curried much favor on Wall Street over the last several years with its reputation for running a tight ship. So it was surprising last week when the company brushed off hints from analysts that it should follow many of its high-tech brethren and lay off more workers, writes Therese Poletti.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 1:58 am Bank failures: Friday the 13thFour banks folded Friday, bringing the total number of banks to fail this year to 13.Source: Business and financial news - CNNMoney.com | 14 Feb 2009 | 1:52 am Technology firms sitting on a growing cash pileThough high-tech companies are feeling the same economic pressures as the rest of the economy and market, the sector has one distinct advantage over other industry groupings in the present environment: piles upon piles of cash.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 1:51 am Cisco's huge cash pile fuels speculation on Wall StreetIts sales and earnings are being shredded by recession, but Cisco is sitting on a hoard of cash so huge that analysts can’t help but speculate about what the tech giant might do with the money.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 1:51 am GSK limits drug prices in poor nationsGlaxoSmithKline, the pharmaceuticals group, will cap the prices at which it sells its patented drugs in the poorest 50 countries at a quarter of the levels charged in the developed worldSource: Financial Times - US homepage | 14 Feb 2009 | 12:57 am Obama to unveil foreclosure plan, big lenders wait (Reuters)
Source: Yahoo! News: Business | 14 Feb 2009 | 12:36 am Obama to unveil foreclosure plan, big lenders waitWASHINGTON/NEW YORK (Reuters) - U.S. President Barack Obama will unveil a plan to stem home foreclosures on Wednesday, a spokesman said, and major U.S. lenders said they had stopped foreclosing until details of the program have been firmed up.Source: Reuters: Business News | 14 Feb 2009 | 12:36 am In Brief - FridayBrookfield Asset Management ( BAM), an asset management firm, said Q4 EPS fell 51% to 27 cents, 11 cents over views. Revenue fell 4.8% to $3.01...Source: Investor's Business Daily: BUSINESS | 14 Feb 2009 | 12:35 am Trends & Innovations - FridayMore Web surfers tap text serviceSource: Investor's Business Daily: BUSINESS | 14 Feb 2009 | 12:35 am Wireless Equipment On HoldCell phones used to have one purpose: making phone calls on the go.Source: Investor's Business Daily: BUSINESS | 14 Feb 2009 | 12:35 am Business Briefs - FridayCEO says BofA has enough funds. The bank, which has received $45 bil in federal funds, has enough cash to finance operations for more than 2 years...Source: Investor's Business Daily: BUSINESS | 14 Feb 2009 | 12:35 am Men's Clothier Slashes Prices, And Bucks The Trend With More SalesAs the frigid spending climate has chilled results at many retailers, Jos. A. Bank Clothiers has broken the ice by turning up the heat on discounts.Source: Investor's Business Daily: BUSINESS | 14 Feb 2009 | 12:35 am Breaking: Stimulus Bill One Vote From Passing SenateHyper inflation in 4... 3... 2... [Apparently we are waiting on Senator Brown (D-OH) to get back into D.C. and vote]. ..and PASSED. 
Source: Dealbreaker | 14 Feb 2009 | 12:27 am Major US banks, mortgage giants freeze foreclosures (AFP)
Source: Yahoo! News: Business | 14 Feb 2009 | 12:06 am Car sales across Europe plunge to 20-year lowCar sales across Europe fell to their lowest level in 20 years last month with a drop of 27 per cent.Source: Latest Business News from Times Online | 14 Feb 2009 | 12:00 am Peter Cummings, the man who broke HBOS with a £7bn lossHBOS’s aggressive corporate banking division was revealed to have been at the heart of the £10 billion shock loss announced by Lloyds Banking Group yesterday.Source: Latest Business News from Times Online | 14 Feb 2009 | 12:00 am Ofcom ultimatum over broadband access on mobile phonesA fresh dispute is set to break out between the telecoms regulator and five mobile phone companies over how to divide up a key slice of spectrum that allows broadband access on mobile phones.Source: Latest Business News from Times Online | 14 Feb 2009 | 12:00 am Landlords attacked as rejection of Stylo rescue puts jobs at riskHammerson, the property group, was accused last night of pushing Stylo, the owner of the Barratts shoe shop chain, into administration, putting 5,450 jobs at risk.Source: Latest Business News from Times Online | 14 Feb 2009 | 12:00 am Need to know: PepsiCo loses fizz ... JJB Sports reprieve ... YouTube dealView video and Need to Know interactive heatmapSource: Latest Business News from Times Online | 14 Feb 2009 | 12:00 am Shareholders get the bill for Lloyds shotgun weddingHow convenient that the £10 billion loss suffered by HBOS was not revealed a week earlier. It would have provided explosive ammunition for the Treasury Select Committee when it interrogated bank bosses this week. Some of those bankers might not have emerged alive.Source: Latest Business News from Times Online | 14 Feb 2009 | 12:00 am G7 ministers put up united front as they try to avoid a retreat into protectionismFinance ministers from the Group of Seven economies sought to paper over tensions over their conflicting efforts to combat global recession yesterday as a brutal slump in the eurozone emphasised the scale of the crisis.Source: Latest Business News from Times Online | 14 Feb 2009 | 12:00 am The Tweets Nab More CashIf you have used Twitter you either love it or can’t wait to get off it. Social networking meets micro-blogging. The company just closed on another round of funding, although they basically...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 13 Feb 2009 | 11:46 pm Lloyds shares tumble after updateShares in Lloyds Banking Group fall sharply after it predicts that HBOS will report an annual loss of £10bn.Source: BBC News | Business | World Edition | 13 Feb 2009 | 11:32 pm Twitter receives fresh Silicon Valley fundingTwitter, a booming micro-blogging service that has struggled to find a revenue model, receives a major vote of confidence from two prominent Silicon Valley venture capital firmsSource: Financial Times - US homepage | 13 Feb 2009 | 11:32 pm Stocks fall as investors can't shake economic woes (AP)
Source: Yahoo! News: Stock Markets News | 13 Feb 2009 | 11:29 pm How to score a low-rate loanSource: Business and financial news - CNNMoney.com | 13 Feb 2009 | 11:18 pm Citi, JPMorgan temporarily halt foreclosuresJPMorgan Chase and Citigroup Inc. announced plans Friday to temporarily halt foreclosures as the government works to finalize the details of a financial rescue package that could include billions of dollars in aid for struggling homeowners.Source: Business and financial news - CNNMoney.com | 13 Feb 2009 | 11:14 pm SEC probing alleged improper trades by hedge funds (AP)AP - Federal regulators are investigating allegations by a large insurer that several hedge funds conspired to drive down its stock price by using advance notice of an analyst's negative report about the company.Source: Yahoo! News: Stock Markets News | 13 Feb 2009 | 11:08 pm Job search a struggle for veteransThe unemployment rate among active-duty veterans coming home from Iraq and Afghanistan is 2% higher than for civilians. We hear from veteran Stephen Kraft, who, despite having a strong resume, is finding it hard to get steady work.Source: Marketplace Money | 13 Feb 2009 | 10:48 pm Health care workers get state supportOregon residents can get paid through Medicaid if they become official caretakers for family members. Ethan Lindsey reports how some home care workers get help from the state, and how the recession might affect the job.Source: Marketplace Money | 13 Feb 2009 | 10:34 pm Got something to say?Tess Vigeland reads listener e-mails on long-term investing, "do-it-yourself disasters," and an idea to mandate that all members of Congress do their own taxes with pencil, paper and calculator.Source: Marketplace Money | 13 Feb 2009 | 10:29 pm Lloyds shareholders must be wishing they'd backed another horseNow it's got a new name here's another suggestion for Lloyds Banking Group it should swap its black horse for a bucking bronco.Source: Telegraph Finance | 13 Feb 2009 | 10:28 pm Iraq suicide bomber kills Shia pilgrimsA woman wearing a vest rigged with explosives killed at least 35 people south of Baghdad, Iraqi authorities said, in the third straight day of attacks on Shia pilgrimsSource: Financial Times - US homepage | 13 Feb 2009 | 10:21 pm Klapwijk Sees Gold Over $1,000 an Ounce After Short CorrectionSource: Bloomberg - All Podcasts | 13 Feb 2009 | 10:20 pm Getting PersonalTess Vigeland and economics editor Chris Farrell give advice to a woman being laid off, refinancing student loans and whether it's a good idea to take out a loan against the value of a CD.Source: Marketplace Money | 13 Feb 2009 | 10:18 pm Salmonella-hit peanut company files for bankruptcyNEW YORK (Reuters) - Peanut Corporation of America sought bankruptcy protection on Friday after a salmonella outbreak traced to one of its plants led to one of the biggest product recalls in U.S. history.Source: Reuters: Business News | 13 Feb 2009 | 10:14 pm Salmonella-hit peanut company files for bankruptcy (Reuters)
Source: Yahoo! News: Business | 13 Feb 2009 | 10:14 pm How to nurture a budding BuffettNow is a good time for young investors to learn a lot about Wall Street and take advantage of opportunities in undervalued stocks. Sally Herships meets with 14-year-old traders who keep up with the markets.Source: Marketplace Money | 13 Feb 2009 | 10:12 pm Rio shareholders want China deal scrapped in favour of rights issueMore Rio Tinto's shareholders want the miner to abandon its 19.5bn £13.5bn capital injection from Chinalco the Chinese stateowned metals group.Source: Telegraph Finance | 13 Feb 2009 | 10:10 pm Abercrombie & Fitch 4Q profit drops 68 percent (AP)AP - Teen retailer Abercrombie & Fitch Co., which resisted the steep discounts its competitors offered during the holiday season, said Friday its fourth-quarter profit slid 68 percent as sales slumped.Source: Yahoo! News: Business | 13 Feb 2009 | 10:06 pm Some say 'I love you' with jets, jewelsOK, so maybe you can't lavish your loved one with expensive gifts. But if had unlimited funds, what would you get? Sean Cole peruses a millionaire's Valentine's list, and poses some questions about money and love.Source: Marketplace Money | 13 Feb 2009 | 10:06 pm States counting on their slice of $787BThough not quite as generous as first envisioned, the federal stimulus package funnels a nice chuck of change to states to help them deal with their yawning budget gaps.Source: Business and financial news - CNNMoney.com | 13 Feb 2009 | 10:05 pm Wall St. slides as banks eclipse housing optimism (Reuters)
Source: Yahoo! News: Stock Markets News | 13 Feb 2009 | 10:02 pm Straight Story: Stimulus a step forwardEconomists have been sparring for weeks over the merits of the stimulus package. Tess Vigeland talks to our Economics Editor Chris Farrell, who tells us why he thinks the stimulus package is a good thing.Source: Marketplace Money | 13 Feb 2009 | 10:01 pm Oil rises on stimulus plan hopesOil prices jump after a week of falling crude prices on hopes US President Obama's stimulus plan will revive the economy.Source: BBC News | Business | World Edition | 13 Feb 2009 | 9:59 pm An S&P Debt Upgrade, For Amazon.com (AMZN)The debt ratings agencies have been accused of being very late to the party on the financial crisis. But investors still watch the ratings changes from them, particularly when there is an upgrade...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 13 Feb 2009 | 9:56 pm Bankers had no incentive to stress test the system BOE's Haldane saysPeople in charge of managing risk at the City's biggest institutions given no incentive to carry out the stress testing that might have prevented the financial crisis the Bank of England's new financial stability director has said.Source: Telegraph Finance | 13 Feb 2009 | 9:50 pm What the stimulus means for usHow will the stimulus bill help the taxpayer? Tess Vigeland evaluates the package on everything from jobs to loans to tax credits with Marketplace senior editor Paddy Hirsch and Washington Bureau Chief John Dimsdale.Source: Marketplace Money | 13 Feb 2009 | 9:48 pm Pressure on Lloyds chief as shares diveEric Daniels under pressure from investors over the latest fallout from his purchase of HBOS.Source: Telegraph Finance | 13 Feb 2009 | 9:42 pm Lloyds hit by £10bn HBOS lossesShares in the banking group fell 35 per cent after it warned that its newly acquired HBOS had suffered a worse-than-expected £10bn loss in 2008Source: Financial Times - US homepage | 13 Feb 2009 | 9:21 pm Write-Offs: 02.13.09$$$ Celebrating Steve Schwarzman's Big Day [Cityfile] $$$ Valentine's Day Burgers on Wall Street [AHT] $$$ Irish Life CEO, Other Executives Quit Amid Scandal [WSJ]
Source: Dealbreaker | 13 Feb 2009 | 9:12 pm Berkshire Hathaway lends Tiffany $250mWarren Buffett's Berkshire Hathaway is to invest in $250m of bonds issued by Tiffany, the US luxury jeweller, in a move that will help refinance debt.Source: Financial Times - US homepage | 13 Feb 2009 | 8:49 pm Hear: Pay Up -- Or ElseToday on Planet Money: -- That's a ransom note, said Simon Johnson of Baseline Scenario, after reading an analyst's call for the U.S. to pay top dollar for toxic assets -- or else. Johnson and Adam Davidson call up the person who wrote it, Joseph LaVorgna of Deutsche Bank. -- Adam put himself through a viewing of The International, a supposed thriller. For real edge-of-your-seat cinema, he says, listen to this tale from John Moscow. Bonus: Blog comment of the week, after the jump: (Confidential to self: Why do we have real names and handles, anyway?) Comment of the Week goes to Karen Ivy (hedera), on "What Electronic Bank Run?": The remark which caught my eye in Mr. Salmon's extremely interesting post, was this: speaking of the outflows which DID happen in the money market, "Substantially all of the outflows came from institutional accounts: retail investors never panicked." Retail investors - that's thee and me, folks. We have enough sense not to panic when the market goes nuts temporarily; and back then, nobody realized how long or how bad this would be. But the people who panicked are the people WHO ARE SUPPOSED TO BE MANAGING OUR MONEY FOR US, in our pension funds and 401Ks. Those people headed for the exits like lemmings going over the cliff. Why are we paying them all those fees if that's the best they can do?? Download the podcast; or subscribe. Intro music: Danny Elfman's "Mission: Impossible Theme." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 13 Feb 2009 | 8:40 pm How Do You Like Him Now, CSFB
Pebble Beach National Pro-Am [PGA]
Source: Dealbreaker | 13 Feb 2009 | 8:31 pm Tiffany Lands Warren Buffett Debt (TIF, BRK-A)Tiffany & Co. (NYSE: TIF) scored the big fish. The luxury jewelry retailer issued notes to Warren Buffett’s via units of Berkshire Hathaway, Inc. (NYSE: BRK-A). The SEC filing shows that...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 13 Feb 2009 | 8:18 pm U.S. companies eye worst quarter in a decade (Reuters)
Source: Yahoo! News: Stock Markets News | 13 Feb 2009 | 7:55 pm Let's Throw Him In Prison!
Paulson & Co., the hedge fund run by billionaire John Paulson, may have made as much as $67 million in 25 minutes today as Lloyds Banking Group Plc lost about 5.9 billion pounds ($8.5 billion) in market value. But seriously: adopt me. Paulson May Have Made $67 Million in 25-Minute Lloyds Plunge [Bloomberg]
Source: Dealbreaker | 13 Feb 2009 | 7:39 pm Presented By:Source: Dealbreaker | 13 Feb 2009 | 7:39 pm Stimulus Effect On Green Energy & Green JobsAll told, the $789 billion economic stimulus bill contains about $50 billion for renewable energy projects, electric utilities, and other green companies. It’s possible to look at this sum in...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 13 Feb 2009 | 7:34 pm Timothy Geithner must swiftly fill holes in his bank rescue planUS Treasury Secretary Timothy Geithner needs to fill in the missing pieces in his rescue plan for Wall Street writes James Quinn.Source: Telegraph Finance | 13 Feb 2009 | 7:23 pm Breaking: House Passes Modified Stimulus BillThe [situation/money supply] is fluid.
Source: Dealbreaker | 13 Feb 2009 | 7:22 pm Air France-KLM swings to lossEurope's largest airline has plunged into the red and is being forced to shrink its operations to cut costsSource: Financial Times - US homepage | 13 Feb 2009 | 7:18 pm Boodles bucks the trend with diamond businessHelia Ebrahimi meets the family business that is sparkling despite the economic downturn.Source: Telegraph Finance | 13 Feb 2009 | 7:12 pm This Week’s LinksRobert Higgs on doing nothing instead of passing the stimulus. VOX on how the American financial system took out everyone else. Wired on MIT technology that aims to turn the Internet into a sixth human sense. ReadWriteWeb on the new Goverati. Source: Business Pundit | 13 Feb 2009 | 7:02 pm Ken Not Only Griffin Back In The Game
Source: Dealbreaker | 13 Feb 2009 | 7:00 pm Taking stock of the LSE's Dame ClaraXavier Rolet takes over as head of the London Stock Exchange in May. What legacy has Dame Clara Furse left?Source: Telegraph Finance | 13 Feb 2009 | 6:57 pm Sullivan Orders Roast ElephantConservative political blogger Andrew Sullivan serves up the right wing today, in a post about GOP opposition to President Obama's stimulus proposal. Italics his: The GOP has passed what amounts to a spending and tax-cutting and borrowing stimulus package every year since George W. Bush came to office. They have added tens of trillions to future liabilities and they turned a surplus into a trillion dollar deficit - all in a time of growth. They then pick the one moment when demand is collapsing in an alarming spiral to argue that fiscal conservatism is non-negotiable. I mean: seriously. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 13 Feb 2009 | 6:50 pm Vampire film drives stake into retail woeA love story with a powerful bite has lightened the retail gloom in the US this Valentine's day as products linked to the hit vampire movie Twilight fly off the shelvesSource: Financial Times - US homepage | 13 Feb 2009 | 6:45 pm Comment: Our Standard reaction is not to trust anyoneWe'd stopped trusting the banks. Now some will add Standard Life to their "who don't we trust" list following the Sterling fund debacle.Source: Telegraph Finance | 13 Feb 2009 | 6:36 pm Alistair Darling risks rift with Germany and France over bank rescueAlistair Darling risked a rift with Europe when he called for other countries to follow the US and British lead in bailing out banks.Source: Telegraph Finance | 13 Feb 2009 | 6:32 pm Holtz-Eakin Calls Stimulus `Troubling,' Sees Permanent SpendingSource: Bloomberg - All Podcasts | 13 Feb 2009 | 6:27 pm Swonk Says Flawed Stimulus Will Do More Good Than HarmSource: Bloomberg - All Podcasts | 13 Feb 2009 | 6:24 pm Congratulations Citadel Investors!
Source: Dealbreaker | 13 Feb 2009 | 6:20 pm Chrysler and Nissan put projects on holdTwo carmakers have put on hold two joint ventures to build vehicles for each otherSource: Financial Times - US homepage | 13 Feb 2009 | 6:10 pm Tanzania pays price for cheap knockoffsManufacturers are capitalizing on the demand residents in developing countries have for modern amenities. China is exporting fake merchandise to Tanzania to make a quick buck. As Gretchen Wilson reports, these cheap goods come with huge long-term costs.Source: Marketplace | 13 Feb 2009 | 6:00 pm Microsoft stores coming soon near youMicrosoft is gearing up to launch retail stores worldwide to build product buzz and connect with consumers. Will the company be able to re-brand itself to appeal to a larger audience? Mitchell Hartman reports.Source: Marketplace | 13 Feb 2009 | 6:00 pm Weekly Wrap: Bank CEOs and GeithnerNews this week surrounded some very important people -- bailed-out bank CEOs and Treasury Secretary Timothy Geithner. Kai Ryssdal speaks about the banking system with The Wall Street Journal's Heidi Moore and The Atlantic's Megan McCardle.Source: Marketplace | 13 Feb 2009 | 5:59 pm Models like First Daughters in demandNew York Fashion Week is launching, and there's one demand on the runways: girls who look like First Daughters Sasha and Malia Obama. Sally Herships reports.Source: Marketplace | 13 Feb 2009 | 5:59 pm FTSE 100 down on Lloyds warning (AFP)
Source: Yahoo! News: Stock Markets News | 13 Feb 2009 | 5:59 pm Colorado goes after California workersCalifornia is hurting in this economy, and Colorado is capitalizing. The Centennial State is mounting a Valentine-themed campaign to lure California companies out of the Golden State. Rob Schmitz reports.Source: Marketplace | 13 Feb 2009 | 5:59 pm Will states be fast, wise with stimulus?Congress is requiring states to allocate some of their stimulus money within 45 days. But is this enough time for states to spend the money wisely? Nancy Marshall Genzer reports.Source: Marketplace | 13 Feb 2009 | 5:58 pm Obama to tackle housing problem nextPresident Obama is expected to unveil a plan to reinvigorate the housing sector next week. Kai Ryssdal speaks with Columbia University Professor Chris Mayer about what the plan might look like.Source: Marketplace | 13 Feb 2009 | 5:58 pm It Is Almost Like A Prom!
Source: Dealbreaker | 13 Feb 2009 | 5:44 pm Dept. Of Canned DebateNPR's numbers guru Robert Benincasa sends this post: A new briefing paper gives lawmakers yet more tools for solving the financial crisis -- or maybe for endless arguing and limited action. The 10-page report, from the Congressional Research Service, offers a handy list of 26 causes. Each cause comes in a neat one-paragraph thumbnail and includes a punchy counter-argument. On the housing bubble: "The crisis was triggered by the bubble bursting, as it was bound to do." Counter-argument: "It is difficult to identify a bubble until it bursts, and Fed actions to suppress the bubble may do more damage to the economy than waiting and responding to the effects of the bubble bursting." After the jump, argument and counter-argument on "Black Swan Theory." The argument for the Black Swan Theory: This crisis is a once-in-a-century event, caused by a confluence of factors so rare that it is impractical to think of erecting regulatory barriers against recurrences. According to Alan Greenspan, such regulation would be "so onerous as to basically suppress the growth rate of the economy and ... [U.S.] standards of living." Testimony before the House Oversight and Government Reform Committee, Oct. 23, 2008. The counter-argument: "Some might be tempted to see recent events in the financial markets as just such black swans. But this would be quite wrong, in our view. Many of the flaws that have led to current turbulent conditions have not ridden on the back of a black swan. Instead, they are the result of weaknesses and failings in the interpretation of risk analysis and the process of oversight." (Booth and Mazzawi) -- Robert Benincasa » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 13 Feb 2009 | 5:30 pm What Is The Real Story With Executive Compensation?The recent Washington Post article and related commentary notwithstanding, Senator Robert Menendez just sidestepped and dodged a rather pointed question about the stronger restrictions on executive compensation that appear in the February 10th draft text of the Senate Bill we highlighted yesterday. CNBC being spineless, there was no real follow-up to Menendez' "bonuses sap the confidence of the American people" dodge. Hmmm. Update: The House markup has, indeed, zapped the literal salary cap in favor of this language: STANDARDS REQUIRED.--The Secretary shall require each TARP recipient to meet appropriate standards for executive compensation. What follows is a sliding scale that applies the restriction to the "Senior executive officers and at least the top [x] most-highly compensated employees, or such higher number as the Secretary may determine is in the public interest...." where "x" is a number from 1 to 20. Alarming here is the power the Secretary has to impose whatever restrictions he feels is "in the public interest." Ouch.
Source: Dealbreaker | 13 Feb 2009 | 5:17 pm Advanced Batteries: The Next Ethanol? (ALTI, ACPW, BCON, XIDE, ENS, CHP, AXPW)There’s a fair amount of interest from green energy market watchers in the battery market. Many see this as the next big thing for energy investors. There are allowances for advanced battery...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 13 Feb 2009 | 5:02 pm Price of petrol creeps up in 2009Petrol prices have been rising since January, despite the price of oil falling, figures have shown.Source: BBC News | Business | World Edition | 13 Feb 2009 | 4:53 pm Magnus Sees `Pipe Dream' in Global Coordinated Financial RescueSource: Bloomberg - All Podcasts | 13 Feb 2009 | 4:41 pm Microsoft to launch retail chainSoftware giant Microsoft announces plans for branded stores selling computers installed with its software.Source: BBC News | Business | World Edition | 13 Feb 2009 | 4:20 pm Texas Instruments Raised to `Buy' at UBSSource: Bloomberg - All Podcasts | 13 Feb 2009 | 4:19 pm Hilliard Says U.S. Stimulus Integral to Economic StabilizationSource: Bloomberg - All Podcasts | 13 Feb 2009 | 3:43 pm Gas Pipeline Joint Venture Killed (OGE, ETP)Last September OGE Energy Corp. (NYSE:OGE) and Energy Transfer Partners, L.P. (NYSE:ETP) announced a joint venture to transport natural gas from Texas and Oklahoma to California and the northeastern...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 13 Feb 2009 | 3:43 pm Barrow Sees Short-Term Decline in YenSource: Bloomberg - All Podcasts | 13 Feb 2009 | 3:41 pm Tortoise Slowing Down (TYY, TYG, TYN, TTO)Tortoise Energy Capital Corp. (NYSE:TYY) has cut its first quarter 2009 distribution from $0.43/share to $0.40/share. For the full year, Tortoise expects to be able to pay investors at least...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 13 Feb 2009 | 3:39 pm 'Not Too Much To Ask'Debbie Raucher writes: I saw on the blog recently a post from David about how it's hard for the banks to be able to say what they've done with the money because if you get a check from mom and dad, it goes in your checking account and who knows where the money went specifically. I feel motivated to comment because I have spent my life working for non-profit organizations. We would get various federal, state and local grants and the government would insist that we scrupulously account for how we spent their specific money. It certainly was a pain, but definitely not impossible. For every salary that got paid, I could tell you that 15 hours was paid by this grant, 10 hours by that grant and 5 by this other grant (and we all had to keep time sheets to justify the breakdown -- we couldn't just make it up). And the same went for every other expense as well. So all I'm saying is that if nonprofit executives who earn an infinitesimal fraction of what bank CEOs make could figure out how to account for how money was spent, I would think it's not too much to ask that CEOs do as well. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 13 Feb 2009 | 3:33 pm Gartman Says G-7 May Reach Accord to Weaken YenSource: Bloomberg - All Podcasts | 13 Feb 2009 | 3:32 pm European stocks in sharp rebound (AFP)
Source: Yahoo! News: Stock Markets News | 13 Feb 2009 | 3:27 pm Rough Week For Smart Grid Players (ITRI, DGII, COMV, ENOC, ELON)Itron Inc. (NASDAQ: ITRI) is supposed to be one of the winners in the stimulus package. The advanced metering company is known as the Smart Grid meter reader to many traders. The company is...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 13 Feb 2009 | 3:21 pm This Week’s Weird Jobs
Ever dreamed about being a hospital cook in Alaska? Me neither. But if you’re desperate, the job is open: 1. Cook positions at Alaska Regional Hospital Alaska Regional Hospital is currently hiring part time and pool (per diem) Cooks to provide quality food service in a safe and sanitary environment to patients, employees, medical staff, and visitors of the hospital. Job qualifications include: 2. Philadelphia: Mutual Fund Wholesaler We are looking for an experience mutual fund wholesaler on the marketing of a long / short mutual fund. Key Responsibilities and Duties Include, but not limited to: * Responsible for selling alternative mutual fund manager in establishing mutual fund awareness and sales. * Must develop and give sales seminars, produce and communicate sales ideas, coordinate and participate in regional sales seminars. * Develop a business strategy within the territory. The strategy includes developing a firm/branch rotation, implementing business plans around focus firms and identifying business opportunities
Alternative middle-high school seeks passionate, committed, resilient teachers who will follow 15 students for 4-6 years as a full time advisor. If you are a unique, hard working individual interested in joining our learning community please send a resume, 2-3 professional letters of recommendation, copies of any professional certification obtained and a letter explaining why you want to teach here. Be cool enough, and you may get an independent movie made about you. 4. Boiler and Pressure Vessel Inspector Great company with full or part-time positions available, plus benefits. Wannabe bomb technicians need not apply. 5. Philadelphia: Agents Twelve Agents Needed * Compensation: Earn up to 75% Commission Happy Friday! Source: Business Pundit | 13 Feb 2009 | 3:20 pm
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