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Credit Suisse acts on U.S. offshore clients: report (Reuters)
Source: Yahoo! News: Business | 15 Feb 2009 | 11:30 am Credit Suisse acts on U.S. offshore clients: reportZURICH (Reuters) - Swiss bank Credit Suisse is taking steps to change its relationship with U.S. clients in view of new, stricter rules on the taxation of U.S. residents' assets abroad, Swiss paper Sonntag said on Sunday.Source: Reuters: Business News | 15 Feb 2009 | 11:30 am Corrections: Young Broadcasting files petition under Chapter 11A Feb. 15 MarketWatch article on Young Broadcasting’s filing under Chapter 11 of federal bankruptcy law misstated the timing of a plan to sell its San Francisco affiliate. That plan was announced in January 2008.Source: MarketWatch.com - Top Stories | 15 Feb 2009 | 11:21 am CORRECT: Young Broadcasting files petition under Chapter 11Young Broadcasting Inc., the New York television station operator, said it filed a petition under Chapter 11 of federal bankruptcy law.Source: MarketWatch.com - Top Stories | 15 Feb 2009 | 11:09 am WPP boss Sorrel sees flat 2009 - reportMILAN, Feb 15 (Reuters) - WPP , the world's second largest advertising group, expects a flat 2009 compared with 2008 after a recovery in the second half, its chief executive said in an interview with an...Source: RSS feed - channel BNewsBusiness | 15 Feb 2009 | 11:03 am FSA boss admits watchdog's errorsLord Adair Turner, chairman of the Financial Services Authority, admits that the regulator failed to spot that the banking system was too risky.Source: BBC News | Business | World Edition | 15 Feb 2009 | 10:40 am /C O R R E C T I O N from Source -- Good Life China Corporation/In TO669, "Good Life China Corporation (GLCC) 2008 Preliminary Financial Performance $580 million Gross Retail Sales", transmitted on February 12, 2009 at 16:30e, the headline should...Source: RSS feed - channel BNewsBusiness | 15 Feb 2009 | 9:37 am GM, UAW talks break off; Chrysler talks stallDETROIT (Reuters) - Talks between the United Auto Workers and General Motors Corp central to a turnaround plan for the struggling automaker have broken down over the issue of retiree healthcare costs, a person briefed on the talks said on Saturday.Source: Reuters: Business News | 15 Feb 2009 | 9:06 am Trump Entertainment may face forced bankruptcy filing: JournalTrump Entertainment Resorts Inc., the Atlantic City casino group partly held by the real estate investor Donald Trump, may become the subject of an involuntary-bankruptcy filing by the company's bondholders, people familiar with the matter told The Wall Street Journal.Source: MarketWatch.com - Top Stories | 15 Feb 2009 | 8:47 am China and Vietnam face strains as war memory fadesLANG SON, Vietnam, Feb 15 (Reuters) - The tall black tablets at the Lang Son cemetery list hundreds of dead Vietnamese soldiers. Next to some names are the words "chong Phap" or "chong My" -- "fighting...Source: RSS feed - channel BNewsBusiness | 15 Feb 2009 | 8:39 am How to outsmart the boiler roomsEmma Simon reports on how investors should keep their wits about themSource: Telegraph Finance | 15 Feb 2009 | 8:33 am Investment losses can lower your tax billThere's at least a little silver lining to the disaster that befell your portfolio last year. The bad news is...Source: RSS feed - channel BNPaperBusiness | 15 Feb 2009 | 8:00 am Headed for foreclosure? Here's what to expectThe timing varies but the process follows a predetermined script It's possible, under the right conditions, to...Source: RSS feed - channel BNPaperBusiness | 15 Feb 2009 | 8:00 am Common loan modification programs offered by banksOften the changes involve easing up on the interest rate or changing the payment schedule to give you more breathing room. ...Source: RSS feed - channel BNPaperBusiness | 15 Feb 2009 | 8:00 am How could defective furnace be overlooked?Question: We recently bought a house and our home inspector found no problems with the forced-air furnace. But when the man from the gas company came to turn on the service he said there was a hole in...Source: RSS feed - channel BNPaperBusiness | 15 Feb 2009 | 8:00 am Where to put what's left over each monthBuilding up savings could make more sense than paying down debt. Dear Liz: We have about $800 extra each month after paying bills, but...Source: RSS feed - channel BNPaperBusiness | 15 Feb 2009 | 8:00 am Foreclosure glossaryForeclosure glossarySource: RSS feed - channel BNPaperBusiness | 15 Feb 2009 | 8:00 am Surviving recession: A consumer guideMiss a mortgage payment, and the foreclosure clock starts ticking.Source: RSS feed - channel BNPaperBusiness | 15 Feb 2009 | 8:00 am Owners of Park LA showroom fashion their own successAs representatives of several designers, they sell clothing wholesale to boutiques as well as giant stores and collect commissions on the sales. ...Source: RSS feed - channel BNPaperBusiness | 15 Feb 2009 | 8:00 am Fannie Mae, Freddie Mac are raising fees, toughening rules for credit scores and down paymentsUnder the new guidelines, even applicants who assumed that their FICO scores would get them favorable rates will be charged more unless they can come up with down payments of 30% or higher. ...Source: RSS feed - channel BNPaperBusiness | 15 Feb 2009 | 8:00 am Don't miss a credit card payment, or the APR could soarEven in the best of times, carrying a balance on your credit card is a risky -- and costly -- proposition. These days, it can be downright foolish, at least if there's a chance you might miss a payment...Source: RSS feed - channel BNPaperBusiness | 15 Feb 2009 | 8:00 am Hong Kong airport cargo drops 29 pctAir cargo through Hong Kong's airport dropped 28.9 percent year-on-year in January, figures showed Sunday, the latest sign of how the global economic slowdown is hitting Chinese exporters.Source: RSS feed - channel BNewsBusiness | 15 Feb 2009 | 7:56 am Japan set to launch fresh stimulus package: reportsJapan is set to launch a fresh stimulus package as the world's second largest economy faces a sizeable economic contraction, local media reported on Sunday. Prime Minister Aso Taro will...Source: RSS feed - channel BNewsBusiness | 15 Feb 2009 | 7:47 am Stanford curtails financing amid probe: reportNEW YORK (Reuters) - Texas billionaire Allen Stanford's offshore bank, which is under federal investigation, recently curtailed financing commitments to two small firms, The Wall Street Journal reported on its Web site on Saturday, citing regulatory filings.Source: Reuters: Business News | 15 Feb 2009 | 7:28 am Stanford curtails financing amid probe: report (Reuters)
Source: Yahoo! News: Business | 15 Feb 2009 | 7:19 am NEWSMAKER-Viehbacher applies Glaxo lessons at SanofiLONDON, Feb 15 (Reuters) - Chris Viehbacher, the new chief executive of French drugmaker Sanofi-Aventis SA , could hardly have hoped for a better start.Source: RSS feed - channel BNewsBusiness | 15 Feb 2009 | 7:00 am NEWSMAKER-Viehbacher applies Glaxo lessons at SanofiLONDON, Feb 15 (Reuters) - Chris Viehbacher, the new chief executive of French drugmaker Sanofi-Aventis SA , could hardly have hoped for a better start.Source: RSS feed - channel BNewsBusiness | 15 Feb 2009 | 7:00 am Zachary Michaelson to Teach Portfolio Management Course as Part of New York University's Credit Crisis OfferingsNEW YORK, Feb. 15 /PRNewswire/ -- href="http://zachary-michaelson.sampa.com/">Zachary Michaelson , an adjunct lecturer and experienced hedge fund portfolio manager, will...Source: RSS feed - channel BNewsBusiness | 15 Feb 2009 | 6:57 am Burris says Blagojevich's brother sought donationRoland Burris, named to fill the US Senate seat once held by President Barack Obama, has disclosed he was asked for campaign contributions on behalf of the ousted Illinois governor who eventually appointed himSource: Financial Times - US homepage | 15 Feb 2009 | 6:22 am Geithner addresses G7Read full story for latest details.Source: Business and financial news - CNNMoney.com | 15 Feb 2009 | 4:49 am In defence of bonuses: experts warn on banker pay capsFrom Britain to the United States and France, political leaders are clamping down on the bankers' bonus culture they say helped cause the credit crunch -- but some experts warn this could...Source: RSS feed - channel BNewsBusiness | 15 Feb 2009 | 3:48 am Russia vs the market in battle of the rubleIt's a game requiring nerves of steel, strategic planning and the possession of huge financial reserves. Poker? Roulette? Backgammon perhaps? No. The months long standoff between the...Source: RSS feed - channel BNewsBusiness | 15 Feb 2009 | 3:32 am John Dvorak's Second Opinion: Microsoft's moving into brick and mortarJohn Dvorak's been fascinated by computer-product stores since he wrote a column in the 1980s equating the scene with the auto industry, wondering why the various brands did not have their own showrooms.Source: MarketWatch.com - Top Stories | 15 Feb 2009 | 2:39 am Royal Bank of Scotland paid sports stars £200 million to entertain clientsThe Royal Bank of Scotland bailed out with billions of pounds of taxpayers' money paid sports stars around £200 million to promote its brand according to reports.Source: Telegraph Finance | 15 Feb 2009 | 12:53 am In deep — what will bring us back to life?Economics has not covered itself with glory in predicting the situation we find ourselves in. The bankers' models did not work and neither did those of economists.Source: Latest Business News from Times Online | 15 Feb 2009 | 12:00 am China digs into Rio’s debtsXIAO YAQING’s eyes opened wide with disbelief. The president of the Chinese aluminium giant Chinalco baulked at the suggestion that Rio Tinto’s managers should have their competence called into question by accepting his $19.5 billion (£13.5 billion) injection into the mining giant.Source: Latest Business News from Times Online | 15 Feb 2009 | 12:00 am Daniels in the lion's den as takeover turns sourIt was only last October that Eric Daniels, chief executive of Lloyds TSB, was hailed as a hero when he rescued HBOS from oblivion. We have since come to learn that a week is a long time in banking — and four months is an eternity. Daniels is now living with the consequences of a commercial deal that now looks, in the short term, to have been a terrible one. It has been made even more terrible by Daniels' admission that his bank and advisers carried out limited due diligence.Source: Latest Business News from Times Online | 15 Feb 2009 | 12:00 am Royal Doulton rescue hopeVALCO, the private-equity arm of Hilco, is poised to table an indicative bid for Royal Doulton, the ceramics company owned by Waterford Wedgwood, which has gone into administration. The division lost an estimated £31m last year. It is expected that any bid from Valco would be pitched at £5m-£10m. US fund KPS Capital is eyeing the whole of Waterford Wedgwood.Source: Latest Business News from Times Online | 15 Feb 2009 | 12:00 am G7 backs economic bailoutsTHE Group of Seven finance ministers and central bankers, meeting in Rome yesterday, said the world was in a “severe” downturn but that the measures each of the G7 countries was taking would “build over time” to lift the global economy out of its worst postwar slump.Source: Latest Business News from Times Online | 15 Feb 2009 | 12:00 am Ireland ‘could default on debt’FEARS are mounting that Ireland could default on its soaring national debt pile, amid continuing worries about its troubled banking sector.Source: Latest Business News from Times Online | 15 Feb 2009 | 12:00 am Bonus ban for top five on Lloyds boardALL five board directors at Lloyds Banking Group are to be barred from receiving bonuses which could have doubled their salaries.Source: Latest Business News from Times Online | 15 Feb 2009 | 12:00 am Credit crunch fears grow for Clinton CardsCLINTON CARDS is locked in refinancing talks with its banks, amid growing fears that Britain’s biggest greeting-card chain could become the latest high-street casualty of the credit crunch.Source: Latest Business News from Times Online | 15 Feb 2009 | 12:00 am Rothermere: selling Standard like death of my parentsCOMING to terms with the sale of the Evening Standard was as difficult as dealing with his parents’ death, Lord Rothermere has said.Source: Latest Business News from Times Online | 15 Feb 2009 | 12:00 am Hotel group warns on bleak outlookLEISURE giant Intercontinental Hotels Group (IHG) is expected to warn that the trading outlook for the rest of the year remains tough when it unveils annual results this Tuesday.Source: Latest Business News from Times Online | 15 Feb 2009 | 12:00 am GM, UAW talks break off; Chrysler talks stall (Reuters)
Source: Yahoo! News: Business | 14 Feb 2009 | 11:41 pm Drug firm to cut prices to 50 poorest nations - reportNEW YORK - Drug maker GlaxoSmithKline PLC says it will cut drug prices to the 50 poorest countries in the world and use 20 per cent of its profits from those countries to build health clinics and other infrastructure, according to...Source: New Zealand Herald - Business | 14 Feb 2009 | 11:20 pm $787B stimulus bill passesIt's a done deal. Still controversial, but a done deal.Source: Business and financial news - CNNMoney.com | 14 Feb 2009 | 10:43 pm 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 | 10:41 pm City investors may demand board changes at Lloyds amid anger over HBOS lossesMajor Lloyds investors threaten board changes if merger with HBOS triggers sizeable new losses.Source: Telegraph Finance | 14 Feb 2009 | 10:21 pm Sir James Crosby to fight claims he ignored warnings at crisishit HBOSSir James Crosby the former chief executive of HBOS last night vowed to defend himself against accusations that he ignored warnings about risky lending practices at the crisishit bank.Source: Telegraph Finance | 14 Feb 2009 | 10:13 pm IMF chief Dominique StraussKahn warns second wave of countries will require bailout"Second wave" of countries face being bailed out by the International Monetary Fund chief warns at the G7 summit in Rome.Source: Telegraph Finance | 14 Feb 2009 | 10:11 pm Singapore queues for London busesTransport group holds detailed talks about the sale of its London bus operations to one of Singapore's largest firms.Source: Telegraph Finance | 14 Feb 2009 | 10:10 pm Terry Smith and Michael Spencer eye Hoare GovettCompanies headed by Terry Smith and Michael Spencer the renowned City adversaries have made rival approaches to prise Hoare Govett the corporate broker from the clutches of Royal Bank of Scotland RBS.Source: Telegraph Finance | 14 Feb 2009 | 10:09 pm ITV poised to bid farewell to Friends ReunitedITV contemplates sale of digital assets in costcutting drive that will see at least 500 jobs cut.Source: Telegraph Finance | 14 Feb 2009 | 10:09 pm US private equity group KPS Capital Partners nears Waterford Crystal buyoutUS private equity group KPS Capital Partners is close to completing a deal to buy the collapsed china and crystal company Waterford Wedgwood.Source: Telegraph Finance | 14 Feb 2009 | 10:06 pm Apax Partners seeks to expand Bob the Builderowner Hit EntertainmentApax Partners is hunting merger opportunities for its Hit Entertainment business with the goal of significantly expanding the owner of Bob the Builder and Thomas the Tank Engine this year.Source: Telegraph Finance | 14 Feb 2009 | 10:00 pm NewsWatch: 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 | 10:00 pm The US Won’t Let GM (GM) Go BankruptGeneral Motors (GM) will not file Chapter 11. The government cannot afford to see a large portion of the job creation benefits of the stimulus package destroyed by having the big car company’s...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 14 Feb 2009 | 9:10 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 | 8:57 pm Report: Union breaks off talks with GMThe United Auto Workers reportedly has walked away from concession talks with General Motors Corp. over a dispute on payments to a retiree health-care fund.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 8:52 pm 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 | 8:00 pm Obama vows to act fast on economic stimulus (Reuters)
Source: Yahoo! News: Business | 14 Feb 2009 | 8:00 pm Carl Icahn Holdings Show No Immunity To Market (IEP, BIIB, AMLN, MOT, YHOO, WMB, APC, TWX, TWC, AMD, TELK, QRCP, LEA, TIN, JCP)Billionaire and activist investor Carl Icahn has made some rather large changes to his portfolio holdings. He and Icahn Capital, L.P. have been far from immune to the market sell-off as you have...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 14 Feb 2009 | 7:16 pm GM to say more aid or bankruptcy - WSJGeneral Motors Corp. will offer the government the choice of giving it billions more in bailout money or seeing it file for bankruptcy when it presents a restructuring plan next week, according to a published report.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 6:36 pm More workers are willing to marry their jobs, survey findsDo you love your job enough to marry it? That’s the somewhat tongue-in-cheek question of an annual survey that seeks to find out much people love their work.Source: MarketWatch.com - Top Stories | 14 Feb 2009 | 6:10 pm Israel rules out Gaza truce unless soldier freedIsrael said it would not agree to a ceasefire with the Hamas rulers of the Gaza Strip unless an Israeli soldier held by the Islamists was freed.Source: Financial Times - US homepage | 14 Feb 2009 | 6:05 pm 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 | 6:04 pm US missile strike kills 25 militants in PakistanA US missile attack killed at least 25 al Qaeda-linked militants in a Pakistani tribal region, security and Taliban officials said, the highest death toll of militants in a single such strikSource: Financial Times - US homepage | 14 Feb 2009 | 6:02 pm G7 pledges to avoid protectionismFinance ministers and central bankers from the Group of Seven industrialised democracies meeting in Rome expressed a strong sense of urgency in tackling the global crisis and reaffirmed their commitment to work together 'using the full range of policy tools'Source: Financial Times - US homepage | 14 Feb 2009 | 5:58 pm Can Wall St. Dodge Government Pay Limits?Now that the government has set a number of caps on Wall St. pay packages, the question is whether the financial firms can get around some of the rules. Certainly not. Congress has too much invested...[[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 247 Wall Street | 14 Feb 2009 | 5:34 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 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 | 5:00 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 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 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 Houses most affordable since 2004 - surveyHousing affordability has reached a five year high, according to a survey. Housing affordability improved to its best level in five years in January because of a fall in house prices and sharp reductions in mortgage interest costs,...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 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 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 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 9 weddings: Love in the time of recessionSource: Business and financial news - CNNMoney.com | 14 Feb 2009 | 1:40 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 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
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