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Finding a financial road mapProfessional advisors can help people with money problems take charge of their lives and their finances, even in the face of significant change.Nearly a year ago, Alicia Cardenas knew it was time to take drastic action to prevent her fragile financial condition from crumbling into dust. Source: L.A. Times - Business | 19 Apr 2009 | 7:00 am Personal Finance Daily: The week's 10 best Personal Finance stories: April 13-17In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of April 13-17:Source: MarketWatch.com - Top Stories | 18 Apr 2009 | 12:01 pm Mary J. Blige and Big Boi 'Bringing Hope Home' to AtlantaBlige, Big Boi and Community Leaders Raise Awareness about Solutions to Avoid Home Foreclosures ATLANTA, April 18 /PRNewswire/ -- Today, Grammy Award winner and...Source: RSS feed - channel BNewsBusiness | 18 Apr 2009 | 12:00 pm Obama says he'll cut dozens of wasteful programsWASHINGTON (Reuters) - President Barack Obama said on Saturday he would soon announce the elimination of dozens of wasteful or ineffective government programs as part of a broad effort to restore fiscal accountability to the federal budget.Source: Reuters: Business News | 18 Apr 2009 | 11:53 am Obama says he'll cut dozens of wasteful programs (Reuters)
Source: Yahoo! News: Business | 18 Apr 2009 | 11:53 am Stocktwits Market Trends: Where is Google (GOOG) going?Google reports earnings after the bell today and is continuing its month-long rally trading at 2009 highs and approaching $400. According to Yahoo! Finance, analysts are expecting, $4.93 EPS for Q1. It is notable that average EPS estimate has eroded over the past 30 days while the stock price has been on a tear - outpacing [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 18 Apr 2009 | 11:50 am Asking For TARP Capital That Is Not ThereThe Administration is almost certainly going to have to go to Congress to ask for more capital for the TARP. It will have as its new point man Herb Allison, and old Wall St. hand and current head of Fannie Mae (FNM) Congress is sullen and not likely to part with money. It is skeptical about [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 18 Apr 2009 | 11:49 am Number of failed US banks reaches 25The number of failed US banks reached 25 this year after two more regional financial institutions closed their doors, the government announced. The tally for less than the first four...Source: RSS feed - channel BNewsBusiness | 18 Apr 2009 | 11:29 am China's Wen says key currency countries need watchingBOAO, China (Reuters) - China's Premier Wen Jiabao said on Saturday that economic polices of countries which issue global reserve currencies require closer supervision as part of building a diversified international monetary system.Source: Reuters: Business News | 18 Apr 2009 | 11:23 am China’s Rhetoric On Economy Running HotThe chief of China’s economic cheer leaders, the loquacious Premier Wen Jiabao said that the nation’s economic stimulus exlixir has begun to do its magic. He may be referring the the fact that his economy is still growing at 6% or that money being pushed through the banking system is allowing business activity to remain [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 18 Apr 2009 | 11:12 am Record dayRecord shops try to tempt customers back to the racksSource: BBC News | Business | World Edition | 18 Apr 2009 | 10:14 am Auto Review: 2010 Audi A3 2.0 TDI Diesel: A personal favorite goes frugalA car that has always ranked high on the personal favorite list has now decided to go the Fred Frugal route.Source: MarketWatch.com - Top Stories | 18 Apr 2009 | 10:01 am Toshiba to raise $5 bln: reportsJapan's electronics giant Toshiba Corporation plans to raise around 500 billion yen (five billion dollars) in a bid to reverse its worsening financial situation, news reports said on...Source: RSS feed - channel BNewsBusiness | 18 Apr 2009 | 9:45 am China's Wen says key currency countries need watching (Reuters)Reuters - China's Premier Wen Jiabao said on Saturday that economic polices of countries which issue global reserve currencies require closer supervision as part of building a diversified international monetary system.Source: Yahoo! News: Business | 18 Apr 2009 | 9:11 am Jobless bankers go back to schoolBankers made redundant from the City are enrolling on cookery skiing and sailing courses or going on gap years to avoid the recession.Source: Telegraph Finance | 18 Apr 2009 | 8:40 am UPDATE 1-China's CIC says considering investments in Europe* China sovereign fund says Europe showing welcoming attitudeSource: RSS feed - channel BNewsBusiness | 18 Apr 2009 | 8:36 am India's Reliance refinery sheds export unit tagMUMBAI, April 18 (Reuters) - India's Reliance Industries Ltd said it had surrendered its export oriented unit (EOU) status for its refinery in the western state of Gujarat so it could sell to the domestic...Source: RSS feed - channel BNewsBusiness | 18 Apr 2009 | 8:10 am Venture capital money down to 1997 levels: reportsSAN FRANCISCO (Reuters) - Venture capital investment into start-ups dropped to its lowest level since 1997 in the U.S., with clean technology hit the worst, new figures showed on Friday.Source: Reuters: Business News | 18 Apr 2009 | 7:02 am Venture capital money down to 1997 levels: reportsSAN FRANCISCO (Reuters) - Venture capital investment into start-ups dropped to its lowest level since 1997 in the U.S., with clean technology hit the worst, new figures showed on Friday.Source: RSS feed - channel BNewsBusiness | 18 Apr 2009 | 7:02 am China regulator says IPOs to resume after reformsSHANGHAI, April 18 (Reuters) - China will resume initial public offerings on its stock markets but after reforms have been carried out, a senior regulatory official was quoted as saying in official media...Source: RSS feed - channel BNewsBusiness | 18 Apr 2009 | 7:02 am Venture capital money down to 1997 levels-reportsSAN FRANCISCO, April 18 (Reuters) - Venture capital investment into start-ups dropped to its lowest level since 1997 in the U.S., with clean technology hit the worst, new figures showed on Friday.Source: RSS feed - channel BNewsBusiness | 18 Apr 2009 | 7:01 am Four with Pirate Bay website convicted by Swedish courtThe site is one of dozens that facilitates movie transfers. The four are each sentenced to a year in prison and are ordered to pay damages totaling $3.6 million to major studios and record labels.When Adam Hendricks wants an obscure film that isn't available on Netflix, he isn't exactly out of options. Source: L.A. Times - Business | 18 Apr 2009 | 7:00 am Americana at Brand is a hit with visitorsDespite the lousy economy, Rick Caruso's retail mecca is often packed. But how its popularity is playing out in high-end stores is unclear.Visitors to Glendale's Americana at Brand will notice some changes at the glitzy open-air center. There's free parking Mondays through Thursdays. Some restaurants offer kids-eat-free lunch specials. Signs tout a weekly European-style farmers market, which begins today, and huge banners advertise free rent in the center's luxury apartments. Source: L.A. Times - Business | 18 Apr 2009 | 7:00 am GM chief says forced bankruptcy is 'more probable'Although the troubled automaker still hopes to avoid that step, says CEO Fritz Henderson, filing for Chapter 11 would probably be necessary to resolve unsuccessful negotiations to reduce its debt. ...Source: RSS feed - channel BNPaperBusiness | 18 Apr 2009 | 7:00 am GM chief says forced bankruptcy is 'more probable'Although the troubled automaker still hopes to avoid that step, says CEO Fritz Henderson, filing for Chapter 11 would probably be necessary to resolve unsuccessful negotiations to reduce its debt.Racing to restructure by a government-mandated June 1 deadline, General Motors Corp. said Friday that it was "more probable" that it would be forced to file for bankruptcy. Source: L.A. Times - Business | 18 Apr 2009 | 7:00 am Should the U.S. bail out California too?California, always a place of fresh ideas, has a big one for Uncle Sam: Treasurer Bill Lockyer wants a federal guarantee on the massive short-term borrowing the cash-strapped state must undertake this summer.Source: L.A. Times - Business | 18 Apr 2009 | 7:00 am Four with Pirate Bay website convicted by Swedish courtThe site is one of dozens that facilitates movie transfers. The four are each sentenced to a year in prison and are ordered to pay damages totaling $3.6 million to major studios and record labels. ...Source: RSS feed - channel BNPaperBusiness | 18 Apr 2009 | 7:00 am Obama advisor Steven Rattner snagged in pay-to-play inquiryA scandal links the New York state pension fund, a low-budget film called 'Chooch' and the financier's former private equity firm, Quadrangle Group. ...Source: RSS feed - channel BNPaperBusiness | 18 Apr 2009 | 7:00 am Citigroup posts first profitable quarter since 2007The banking giant earned $1.6 billion in the first three months of 2009, benefiting from a surge in bond issuance. ...Source: RSS feed - channel BNPaperBusiness | 18 Apr 2009 | 7:00 am Virtual colonscopy at center of policy debateWill Medicare pay for the procedure even though there's no consensus about its effectiveness? With soothing walls...Source: RSS feed - channel BNPaperBusiness | 18 Apr 2009 | 7:00 am SAG, studios reach tentative agreementThe Screen Actors Guild contract is essentially what the studios had offered last summer, despite a contentious year of negotiations that split the union. The board vote occurs Sunday.For Hollywood actors, the third act was anticlimactic. Source: L.A. Times - Business | 18 Apr 2009 | 7:00 am Stocks post sixth straight week of gainsEarnings reports from Citigroup and GE keep investor optimism up. The stock market recorded its sixth straight...Source: RSS feed - channel BNPaperBusiness | 18 Apr 2009 | 7:00 am California unemployment rate reaches 11.2%The state lost lost 62,100 jobs in March, half the number from February. The number of people who have been out of work for nearly a year has doubled in 12 months, to 211,000.Unemployment in California shot to 11.2% in March, the highest level since the state began keeping records. What's more, the number of people out of work for almost a year rose by 9.4%, and has now doubled in the last 12 months. Source: L.A. Times - Business | 18 Apr 2009 | 7:00 am Obama advisor Steven Rattner snagged in pay-to-play inquiryA scandal links the New York state pension fund, a low-budget film called 'Chooch' and the financier's former private equity firm, Quadrangle Group.Investment banker Steven Rattner came to Washington in February to help the Obama administration bail out General Motors Corp. and Chrysler -- and maybe even find a larger role in government for himself. Source: L.A. Times - Business | 18 Apr 2009 | 7:00 am Virtual colonscopy at center of policy debateWill Medicare pay for the procedure even though there's no consensus about its effectiveness?With soothing walls of turquoise tile and a vase of orchids on the front desk, the Colon Health Center of Delaware has been selling an alternative to one of medicine's most unloved procedures -- the colonoscopy. Source: L.A. Times - Business | 18 Apr 2009 | 7:00 am Americana at Brand is a hit with visitorsDespite the lousy economy, Rick Caruso's retail mecca is often packed. But how its popularity is playing out in high-end stores is unclear. ...Source: RSS feed - channel BNPaperBusiness | 18 Apr 2009 | 7:00 am Should the U.S. bail out California too?California, always a place of fresh ideas, has a big one for Uncle Sam: Treasurer Bill Lockyer wants a federal guarantee on the massive short-term borrowing the cash-strapped state must undertake this...Source: RSS feed - channel BNPaperBusiness | 18 Apr 2009 | 7:00 am Mattel posts wider loss in 1st quarterInvestors find positives in the toy maker's results and drive up its stock 15%. At 50 years old, Barbie is still...Source: RSS feed - channel BNPaperBusiness | 18 Apr 2009 | 7:00 am SAG, studios reach tentative agreementThe Screen Actors Guild contract is essentially what the studios had offered last summer, despite a contentious year of negotiations that split the union. The board vote occurs Sunday. ...Source: RSS feed - channel BNPaperBusiness | 18 Apr 2009 | 7:00 am Exchange traded funds: the City's best kept secret.While overseas investors have embraced this cheap way of investing UK investors have been more reluctant to join in.Source: Telegraph Finance | 18 Apr 2009 | 6:44 am Vietnam reduces taxes to push up demand: govtVietnam will reduce some tariffs on goods and services to push up demand in the face of an economic slowdown, according to a decision signed by the prime minister. Value-added tax (VAT)...Source: RSS feed - channel BNewsBusiness | 18 Apr 2009 | 6:08 am 2 more banks fail, lifting this year's tally to 25Regulators on Friday shut down two more banks, boosting the number of failures this year to as many as in all of last year. The tally of 25 bank failures this year all but guarantees theSource: RSS feed - channel BNewsBusiness | 18 Apr 2009 | 4:48 am Venture investing falls to lowest level in more than a decadeVenture capitalists, who make it their business to seed successive generations of companies, retreated during the first quarter of this year to their lowest level of investment since 1997, according to a report released Saturday.Source: MarketWatch.com - Top Stories | 18 Apr 2009 | 4:01 am Market Snapshot: Stocks in focus as many markets seek signs of turnaroundU.S. stocks, battered and bleeding just two months ago, are back in fighting form and, increasingly, setting the pace for other markets looking for signs that the economy and financial crisis have hit their worst.Source: MarketWatch.com - Top Stories | 18 Apr 2009 | 4:01 am Icahn plan for MGM would include Kerkorian: sourceLOS ANGELES (Reuters) - A plan for the restructuring of MGM Mirage , suggested by investor Carl Icahn, would involve swapping debt for equity and be done in concert with Kirk Kerkorian, MGM's majority shareholder, a source familiar with the situation said on Friday.Source: Reuters: Business News | 18 Apr 2009 | 3:47 am Show-me a bank failure: Missouri bank is no.24Two more banks failed Friday bringing the tally to 25 in 2009, according to the government.Source: Business and financial news - CNNMoney.com | 18 Apr 2009 | 2:58 am U.S. closed banks match total for all of 2008WASHINGTON (Reuters) - Regulators closed banks on Friday in Missouri and Nevada, bringing the total of U.S. bank failures this year to 25 and matching the number that failed throughout all of 2008, as the struggling economy and falling home prices take their toll on financial institutions.Source: Reuters: Business News | 18 Apr 2009 | 1:53 am Mexico granted $47bn IMF creditThe International Monetary Fund approves a $47bn line of credit to help Mexico during the global financial crisis.Source: BBC News | Business | World Edition | 18 Apr 2009 | 1:47 am Fannie Mae CEO named Treasury's bank bailout chief (AP)
Source: Yahoo! News: Business | 18 Apr 2009 | 1:30 am Missouri-based American Sterling is 24th bank failure of 2009Sugar Creek, Mo.-based American Sterling Bank is closed by regulators, marking the 24th bank failure of the year as the credit crunch continues to spread through the economy.Source: MarketWatch.com - Top Stories | 18 Apr 2009 | 12:21 am Movers & Shakers: Friday's biggest advancing and declining stocksStocks moving significantly in Friday’s trading include Mattel and Media General.Source: MarketWatch.com - Top Stories | 18 Apr 2009 | 12:17 am Citigroup results top forecastsNEW YORK (Reuters) - Citigroup reported better-than-expected results as an accounting benefit for distressed companies, cost-cutting and improved trading results helped offset red ink from consumer lending and credit cards.Source: Reuters: Business News | 17 Apr 2009 | 11:54 pm Dow ends best 6 weeks since 1938 on econ hopesNEW YORK (Reuters) - Stocks rose on Friday, with the Dow scoring its biggest six-week gain since July 1938, helped by a reassuring report on the mood of consumers and stabilization in General Electric and Citigroup's quarterly results.Source: Reuters: Business News | 17 Apr 2009 | 11:49 pm Government to limit quango payThe Government is expected to crack down on excessive pay deals for public servants running the plethora of nongovernmental organisations or quangos.Source: Telegraph Finance | 17 Apr 2009 | 11:26 pm Stocks to Watch: Stocks in focus for MondayAmong the companies whose shares are expected to see active trade in Monday's session are Bank of America Corp., International Business Machines Corp., and Eli Lilly & Co.Source: MarketWatch.com - Top Stories | 17 Apr 2009 | 11:25 pm Earnings Outlook: Amazon earnings expected to feel pressure despite share growthAmazon.com managed to spring a pleasant surprise on investors in its last quarterly earnings report, but analysts aren't expecting a repeat performance this time around.Source: MarketWatch.com - Top Stories | 17 Apr 2009 | 11:23 pm File sharers sentenced to prisonFour men linked to the Pirate Bay, a popular file-sharing site, have been jailed for a year in prison, after a Swedish court found them guilty of infringing copyright lawSource: Financial Times - US homepage | 17 Apr 2009 | 11:21 pm Castro 'overture' boosts hopes of US tiesThe US and Cuba moved closer to a historic reconciliation as the Obama administration reacted positively to what it called an 'overture' by Raúl Castro, the Cuban presidentSource: Financial Times - US homepage | 17 Apr 2009 | 11:14 pm After Hours: MGM, Motorola shares ease in late sessionMGM Mirage shares cool off, giving back some of the dayside gains they tallied following a report that the casino operator reached a deal that will see a key Las Vegas project through to its completion.Source: MarketWatch.com - Top Stories | 17 Apr 2009 | 11:10 pm Springtime shootsDo "green shoots" signal an economic recovery?Source: BBC News | Business | World Edition | 17 Apr 2009 | 11:08 pm Fannie Mae chief named to head U.S. bank rescueWASHINGTON (Reuters) - Herb Allison, who has been chief executive of Fannie Mae since it was seized by the government last September, has been tapped to oversee the $700 billion financial rescue fund aimed at restoring rattled markets, the White House said on Friday.Source: Reuters: Business News | 17 Apr 2009 | 11:08 pm Fannie Mae chief named to head U.S. bank rescue (Reuters)Reuters - Herb Allison, who has been chief executive of Fannie Mae since it was seized by the government last September, has been tapped to oversee the $700 billion financial rescue fund aimed at restoring rattled markets, the White House said on Friday.Source: Yahoo! News: Business | 17 Apr 2009 | 11:08 pm Write-Offs: 04.17.09$$$ Jamie Dimon Coaches NBA Owners on How to Win in Losing Economy [Bloomberg] $$$ Mr. Ackman has never been shy about speaking his mind. In high school, a friend suggested his yearbook epigram: "A closed mouth gathers no foot." [NYT] $$$ Eccentric Swede turned empty cans into gold [The Local] $$$ Two Advisers Back Stripping Lewis of BofA Chairman's Title [WSJ] $$$ LPS Shares Hammered by Dow Jones Report [Housing Wire] $$$ Jonathan Finger bangs for Ken Lewis ousting [The Deal] 
Source: Dealbreaker | 17 Apr 2009 | 11:03 pm Hilton faces espionage claims from rival hotelierWhen Hilton Hotels Corporation (HHC) announced the hiring of two executives from the Starwood group last summer, Chris Nassetta, Hilton's chief executive, trumpeted their “best-in-class” credentials in the lifestyle hotel sector. After years of watching Starwood lead the field with its trendy W brand, Hilton would at last be able to develop a cutting-edge name of its own.Source: Latest Business News from Times Online | 17 Apr 2009 | 11:00 pm Mandelson hints at £1bn plan to supply rural homes with superfast broadbandMore than £1 billion of taxpayers’ money could be deployed to help to connect 12.5 million homes in small towns and rural areas to superfast broadband, amid fears that phone companies are unable to afford to do so.Source: Latest Business News from Times Online | 17 Apr 2009 | 11:00 pm They are poorer, but the richest of Russia are hardly feeling the pinchLost your job? Struggling with the bills? Spare a thought for Oleg Deripaska, whose paper wealth is estimated to have fallen by $25.1 billion ($£17 billion) in the past year. He now has to get by with personal assets of only about $3.5 billion and the Russian edition of Forbes magazine yesterday demoted the oligarch from first to tenth place in a list of the country's richest people.$Source: Latest Business News from Times Online | 17 Apr 2009 | 11:00 pm Share sale puts £47m in the back of Bristol City's netIt was a good day for Bristol City football supporters yesterday, though perhaps less so if they also happened to be shareholders of Hargreaves Lansdown, the stockbroker.Source: Latest Business News from Times Online | 17 Apr 2009 | 11:00 pm Dawson fights approach from Leeds Group to oust the cashmere company chairmanA row erupted yesterday at Dawson International after the cashmere group's biggest shareholder launched an attempt to oust Mike Hartley, the chairman.Source: Latest Business News from Times Online | 17 Apr 2009 | 11:00 pm Halifax council tax offer signals return of incentives for borrowersHalifax is resurrecting the practice of offering large incentives to entice mortgage customers, the first time that has been done since the credit crunch hit two years ago.Source: Latest Business News from Times Online | 17 Apr 2009 | 11:00 pm Biofuel imports - a costly trade in bunkumForget electric cars, you won't be driving one for decades, perhaps you never will. What matters is the liquid that fills the tank in the Mondeo and that liquid is becoming more peculiar every year. You may think that your car's diesel engine is burning brown sludge pumped out of a North Sea well and processed in a stinking jungle of pipes and pots on some blighted estuary in the North of England. That is only part of the story: what goes into your tank may be a cocktail of fossil-based fuels from Russia or the Gulf laced with vegetable oils imported from as far afield as Brazil and Malaysia. Making road fuel and delivering it to your car is a business that is becoming more complicated, costly and wasteful every year.Source: Latest Business News from Times Online | 17 Apr 2009 | 11:00 pm First signs of hope as shoppers dip into their pockets and start spendingSome economists and politicians may be predicting green shoots of recovery but at the coal face leading British business people are warning that life remains tough. As Alistair Darling prepares Wednesday’s budget based on the key themes of jobs and recovery with the knowledge that the FTSE has rebounded by some 16 per cent since the beginning of March, retailers and traders painted a cautious picture.Source: Latest Business News from Times Online | 17 Apr 2009 | 11:00 pm Need to know: Facebook new terms ... Next warning ... GlaxoSmithKline risesView video and Need to Know interactive heatmapSource: Latest Business News from Times Online | 17 Apr 2009 | 11:00 pm Citigroup has better quarterly figures but waits for results of stress test before converting stockCitigroup will hold off on its $52.5 billion ($£35.5 billion) stock conversion until the US Government announces the result of its stress test on the troubled bank.Source: Latest Business News from Times Online | 17 Apr 2009 | 11:00 pm Latin American Markets: Mexico at three-month high after bigger-than-expected rate cutMexico’s stocks gained ground to mark a three-month high, but its currency pulls back after the country’s central bank cuts its key interest rate more than had been anticipated in a bid to jump-start the economy.Source: MarketWatch.com - Top Stories | 17 Apr 2009 | 10:46 pm Obama sticks by auto chief despite NY probe link (Reuters)Reuters - U.S. President Barack Obama stood by his auto task force head on Friday, saying Steven Rattner had not been accused of any wrongdoing related to an alleged pension kickback scheme in New York.Source: Yahoo! News: Stock Markets News | 17 Apr 2009 | 10:33 pm Stocks edge higher after Citi, GE earnings beat (AP)
Source: Yahoo! News: Stock Markets News | 17 Apr 2009 | 10:20 pm Watch This Video Right Now
Source: Dealbreaker | 17 Apr 2009 | 10:20 pm Change of menu assuages G8 guiltThe original programme for the Group of Eight food crisis meeting in taly was a gourmets' delights but, as the opening of the meeting neared, a new programme appearedSource: Financial Times - US homepage | 17 Apr 2009 | 10:15 pm Stock Funds Have Rocketed Off Bottom (Investor's Business Daily)Investor's Business Daily - Despite the S&P 500's 30% run-up since its March 6 low, the rally hasn't done much to repair many investors' balances to where they stood 10 years ago.Source: Yahoo! News: Stock Markets News | 17 Apr 2009 | 10:13 pm Dow ends best 6 weeks since 1938 on econ hopes (Reuters)
Source: Yahoo! News: Stock Markets News | 17 Apr 2009 | 10:08 pm Dow ends best 6 weeks since 1938 on econ hopes (Reuters)
Source: Yahoo! News: Business | 17 Apr 2009 | 10:08 pm Jobless put new slant on stress testsRising unemployment is increasing the pressure on US authorities to take a tougher stance in judging the results of bank stress tests, a development that ultimately could force leading financial groups to hold more capitalSource: Financial Times - US homepage | 17 Apr 2009 | 10:01 pm Mattel posts loss despite boost from Barbie 50th (AP)
Source: Yahoo! News: Business | 17 Apr 2009 | 9:55 pm How the Dow Jones industrials fared Friday (AP)
Source: Yahoo! News: Stock Markets News | 17 Apr 2009 | 9:52 pm Stocks extend advanceStocks inched higher Friday as better-than-expected earnings from Citigroup, General Electric and Google, helped stretch the recent advance to a sixth straight week.Source: Business and financial news - CNNMoney.com | 17 Apr 2009 | 9:49 pm The Dow Jones industrials' moves since Lehman fall (AP)AP - How far the Dow Jones industrial average has fallen or advanced each trading day since Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection on Sept. 15. Since Lehman's fall, which touched off a paralysis of the credit markets and deepened the recession, the stock market has gone through an extended period of volatility that subsided during December but that has returned in 2009. The numbers are the closing levels for the Dow:Source: Yahoo! News: Stock Markets News | 17 Apr 2009 | 9:45 pm The Obama PortfolioThe Obama Portfolio (Since Inception): +23.18% Earlier: The Obama Portfolio
Source: Dealbreaker | 17 Apr 2009 | 9:44 pm Your credit storiesTo conclude our credit-focused episode, listeners offer some thoughts and anecdotes about their experiences with credit cards and the hard lessons they've learned in the process.Source: Marketplace Money | 17 Apr 2009 | 9:42 pm Counseling down credit debtBanks are reporting better-than-expected earnings this week, but experts say the next problem might involve credit card defaults. Tess Vigeland talks to credit counseler Gail Cunningham about helping consumers work through their debt.Source: Marketplace Money | 17 Apr 2009 | 9:34 pm Straight StoryCredit isn't always a bad thing, especially if you're careful and focus on saving when times are good. Economics editor Chris Farrell discusses the pros and cons of credit.Source: Marketplace Money | 17 Apr 2009 | 9:31 pm Bank of America has plenty to proveThis earnings season, no company may have more on the line than Bank of America.Source: Business and financial news - CNNMoney.com | 17 Apr 2009 | 9:26 pm Stiglitz, Spence Discuss Laissez-Faire, U.S. RecoverySource: Bloomberg - All Podcasts | 17 Apr 2009 | 9:25 pm Talk of medical unit sale lifts Smiths GroupEngineering conglomerate Smiths Group was in demand amid speculation that it could be set to break itself up by selling off its medical devices division.Source: Telegraph Finance | 17 Apr 2009 | 9:08 pm Citigroup results beat forecastsCitigroup reports its first quarterly net profit in nearly two years, the latest US bank to see an improvement in its performance.Source: BBC News | Business | World Edition | 17 Apr 2009 | 9:07 pm Hear: Listening To Profits(Note: If you're having trouble with the player above, try the direct link.) On today's Planet Money: -- Major American banks have begun reporting, of all things, profits! Doug Elliot, former investment banker at JP Morgan and now banking expert with the Brookings Institute, reveals what you should make of those numbers. Hint: We're all still looking at a world of pain, but at least the decline seems to be leveling out. -- Daniel Cross designs circuits for a struggling business that feels to him like a zombie company. Waiting for word of their fate hasn't been easy, he says, and the situation wasn't improved by a recent e-scolding from the supervisors. Bonus: Y'all seeing what she's seeing? Download the podcast; or subscribe. Intro music: Keane's "Spiralling." Find us: Twitter/ Facebook/ Flickr Kate Floros writes from Missouri: I have a Planet Monday indicator: 15%. This is the percent of billboards (49/323) on I-70 between Columbia, MO (where I live) and St. Charles, MO (outside of St. Louis, where I drove yesterday to buy running shoes). First, I was shocked that there were 323 billboards on a 105 mile stretch of highway, and second, it seemed like there were an awful lot of empty ones when I drove to St. Louis in early April. When I headed in that direction yesterday, I did the count (subject to coder error). Though new to Missouri, I have driven this stretch of road several times, and on previous drives, the number of empty billboards seemed much smaller. I'm thinking highway advertising is a casualty of the economic situation, though to be honest, I don't know what a normal number of empty billboards is. We don't have much in the way of billboards where I live, so I can't weigh in here. Any more billboard counters out there? » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 17 Apr 2009 | 9:07 pm General Electric profits fall 35%US conglomerate General Electric, seen as a barometer of US economic health, reports a 35% fall in quarterly profit.Source: BBC News | Business | World Edition | 17 Apr 2009 | 9:00 pm Eurozone exports fall by 24pcExports from the eurozone countries tumbled by more than a quarter in February raising fears that GDP across its 16 member nations could shrink more sharply than the 1.6pc last quarter.Source: Telegraph Finance | 17 Apr 2009 | 8:55 pm Citigroup results top forecasts (Reuters)
Source: Yahoo! News: Business | 17 Apr 2009 | 8:52 pm Warsaw's solution to crisis could yet be a masterstrokePoland is following the Korean road to recovery. Controlled government deficits and a big currency fall seem to be stabilising its fragile economy.Source: Telegraph Finance | 17 Apr 2009 | 8:52 pm Keeping ID thieves at bayIdentity theft can be both frustrating and costly for the victims. Reporter Stacey Vanek-Smith visits one couple who is still trying to put their credit back together after eight years of identity theft.Source: Marketplace Money | 17 Apr 2009 | 8:51 pm Joe Bloggs tycoon steps down from LegendaryShami Ahmed the founder of the Joe Bloggs fashion brand has stepped down as chairman and chief executive of Legendary Investments the investment firm that he controlled.Source: Telegraph Finance | 17 Apr 2009 | 8:50 pm GM finalises Chapter 11 protectionEmbattled car manufacturer General Motors is putting the finishing touches to a detailed Chapter 11 bankruptcy filing in case it fails to drastic cuts to its 62bn £42bn debt pile ahead of a White Houseimposed June 1 deadline.Source: Telegraph Finance | 17 Apr 2009 | 8:47 pm More plant closings, job cuts due at GMGeneral Motors will announce more job cuts and plant closing plans in the coming weeks, CEO Fritz Henderson said Friday.Source: Business and financial news - CNNMoney.com | 17 Apr 2009 | 8:45 pm In search of the perfect scoreMost Americans have a credit score above 660, but how many have a perfect score? Reporter Rico Gagliano finds out how difficult it is to get a perfect 850.Source: Marketplace Money | 17 Apr 2009 | 8:42 pm Citigroup banks first profit in 18 monthsCitigroup has recorded its first quarterly profit in a year and a half but only because an accounting change allowed it to take advantage of the falling value of its own debt.Source: Telegraph Finance | 17 Apr 2009 | 8:40 pm Getting PersonalTess Vigeland and Chris Farrell answer listeners' pressing questions about using a home equity line of credit as an emergency reserve and closing a high balance credit card.Source: Marketplace Money | 17 Apr 2009 | 8:35 pm Tate ? Lyle chief Sir David Lees picked to chair Bank of EnglandSir David Lees has been appointed as the new chairman of the Court of the Bank of England in a role that will be seen as critical in shaping the future of banking regulation in the UK.Source: Telegraph Finance | 17 Apr 2009 | 8:31 pm Oregon and Michigan push past 12% joblessThe government on Friday released another sobering report on the jobs crisis, with the unemployment rate rising in 46 states and Washington, D.C., and pushing past 12% in Michigan and Oregon.Source: Business and financial news - CNNMoney.com | 17 Apr 2009 | 8:28 pm Struggling Citi and GE post profitsCitigroup and General Electric, two of the biggest corporate victims of the economic crisis, won some respite by reporting better-than-expected profits in the first three months of the yearSource: Financial Times - US homepage | 17 Apr 2009 | 8:27 pm Presented By:Source: Dealbreaker | 17 Apr 2009 | 8:24 pm White House On Chooch: Thumbs Up!
A more ringing endorsement of the film we have not yet encountered.
Source: Dealbreaker | 17 Apr 2009 | 8:24 pm Jim Cramer Is SICK OF THIS
Source: Dealbreaker | 17 Apr 2009 | 8:19 pm Whalen Says Citigroup Must Cut Costs Further to Raise ReservesSource: Bloomberg - All Podcasts | 17 Apr 2009 | 8:18 pm Ditching FICO isn't the answerIs the FICO credit scoring system fair? MSN personal finance columnist Liz Pulliam Weston says the FICO system might be flawed, but it's better than the old way.Source: Marketplace Money | 17 Apr 2009 | 8:08 pm GM readies plans for bankruptcy it hopes to avoidDETROIT (Reuters) - General Motors Corp Chief Executive Fritz Henderson said on Friday the automaker was readying detailed plans for a bankruptcy filing that now appears more likely even as it races to complete a business plan under federal oversight.Source: Reuters: Business News | 17 Apr 2009 | 8:04 pm GE profit drops on finance, NBC but tops forecastsBOSTON (Reuters) - General Electric Co reported a better-than-expected quarterly profit as strength at its energy equipment business offset falling earnings at its hefty finance arm and the NBC Universal media affiliate.Source: Reuters: Business News | 17 Apr 2009 | 7:56 pm Signal To Noise RatioHave we really reached the point of unadulterated fantasy such that anyone still thinks GM is going to avoid not just bankruptcy but an ugly and protracted bankruptcy? Seriously, how much longer is the investing public going to tolerate C-Level executives who are either so out-to-lunch that they believe their own prattle, or so spun that nothing that escapes their lips has a signal-to-noise ratio that exceeds that of the Pioneer 10 spacecraft? General Motors Corp Chief Executive Fritz Henderson said on Friday the automaker was readying detailed plans for a bankruptcy filing that now appears more likely even as it races to complete a business plan under federal oversight. GM readies plans for bankruptcy it hopes to avoid [Reuters]
Source: Dealbreaker | 17 Apr 2009 | 7:41 pm Where It's Worse Than 8.5
The states feeling the most pain are: BONUS: Indiana Business Bulletin graphs compare individual state unemployment rates with the national average. State unemployment rates rose in 46 states in March. Which ones fared better or worse over the month? Oregon, where businesses shed 14,000 jobs last month, reported the largest percentage change in unemployment rate, jumping from 10.7 percent in February to 12.1 percent in March. California reported the most total job losses in March with 62,100. The Golden State also has the largest total over-the-year job losses, totaling 637,400 since March 2008. States net positive for jobs in March: Mississippi and North Dakota, albeit not by much. Each reported gains of 300 jobs. North Dakota is also among the five states reporting over-the-year percentage increases in employment: District of Columbia (+0.8 percent), Alaska (+0.7 percent), North Dakota (+0.3 percent), and Louisiana and Wyoming (+0.2 percent each). » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 17 Apr 2009 | 7:40 pm Institutional investors in equities spotlightAs the rally in stock indices across the globe continues, analysts wonder if the market bottom has been reached, writes Michael MackenzieSource: Financial Times - US homepage | 17 Apr 2009 | 7:14 pm Those Were The Days
Source: Dealbreaker | 17 Apr 2009 | 7:06 pm Volterra Semiconductor Raised to `Buy' at Needham & Co.Source: Bloomberg - All Podcasts | 17 Apr 2009 | 7:05 pm Weekend of Cancer Data at AACR Ahead of ASCO (ALTH, AMGN, ARIA, ARRY, AZN, BIIB, CELG, CRIS, IMMU, IMGN, INFI, MEDX, MNTA, ONCY, PFE, PCYC, SUPG, TELK, THLD)This weekend will be a potentially important oncology and cancer news weekend for drug and biotech stocks. The American Association for Cancer Research Meeting will actually have a 100th annual meeting, and some traders and investors may be using this as a preview for what lies ahead at the American Society of Clinical Oncology (ASCO) [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 17 Apr 2009 | 7:05 pm Thin Says Europeans Facing `Serious' Economic ProblemsSource: Bloomberg - All Podcasts | 17 Apr 2009 | 6:52 pm U.S. banks, lawmakers narrow cramdown terms: sources (Reuters)Reuters - Leading Democratic senators and three of the largest U.S. banks are narrowing the scope of legislation that could let troubled homeowners avoid foreclosure through bankruptcy courts, several sources familiar with the negotiations said.Source: Yahoo! News: Business | 17 Apr 2009 | 6:47 pm The power of FICOEven the smallest change to your FICO score can affect many aspects of your financial life. Janet Babin reports on how a minor credit score drop affected the Diebel family from Winter Park, Fla.Source: Marketplace Money | 17 Apr 2009 | 6:46 pm Flaming out at Burger KingCheap is chic. The recession has proven that.Source: Business and financial news - CNNMoney.com | 17 Apr 2009 | 6:45 pm The anti-iTunes: Forgotten rock for saleIn his compact New York City office, Anthology Recordings owner Keith Abrahamsson sits at his computer examining a list of recent customers. It seems that Monika from Denmark just spent $29.94 on three albums from his label, including Inside the Shadow by Anonymous. "That's an amazing record," he says, nodding approvingly. "I feel honored to work with a record like that."Source: Business and financial news - CNNMoney.com | 17 Apr 2009 | 6:39 pm Winoker Calls GE's Organic Revenue Growth `Strong'Source: Bloomberg - All Podcasts | 17 Apr 2009 | 6:35 pm Autos spurred the credit boomAmericans haven't always had a love affair with borrowing and credit. Stephen Smith reports on how General Motors and the automobile paved the way for consumer credit nearly a century ago.Source: Marketplace Money | 17 Apr 2009 | 6:34 pm Layoffs Watch '09: RBSRBS apparently laid off its entire Leveraged Finance Group globally yesterday, which, we're told, "includes everyone (Group heads, MDs, VPs, Associates and Analysts) at their New York office, LA office, London headquarters and multiple other European offices." Tipster Fred Goodwin added: "For some perspective, the Leveraged Finance Group at RBS pre-credit crisis was the premier leveraged finance platform in Europe for many years."
Source: Dealbreaker | 17 Apr 2009 | 6:34 pm Pang Performance Art Continues
In the civil inquiry, an attorney for a former president of Mr. Pang's firm -- Private Equity Management Group Inc. -- said he has been contacted by the Securities and Exchange Commission's Los Angeles office. The lawyer, Jeffrey Benice, said he will meet with the agency early next week. An SEC official declined to comment. Pang Steps Aside at Firm as U.S. Launches Probe [WSJ]
Source: Dealbreaker | 17 Apr 2009 | 6:21 pm Is Tecktonik trademark a bad move?Tecktonik began as a dance style in the middle class suburbs south of Paris. Now it's a registered trademark that even has its own brand of duvet covers. As John Laurenson reports, not everyone's happy about that.Source: Marketplace | 17 Apr 2009 | 6:13 pm A little optimism on the economic roadMarketplace's Tess Vigeland and Amy Scott have been revisiting many of the places they hit last fall to see how people are coping with the downturn. They speak to Kai Ryssdal about whether people, like an Ohio car salesman, are now feeling more optimistic or worse about the economy.Source: Marketplace | 17 Apr 2009 | 6:13 pm Weekly Wrap: Have banks hit bottom?Goldman Sachs, JPMorgan and Citibank have all reported better-than-expected earnings for the last quarter. Kai Ryssdal speaks with Reuters blogger Felix Salmon and Clusterstock.com's John Carney about whether the good times will last.Source: Marketplace | 17 Apr 2009 | 6:13 pm Pirates in trouble, the file-sharing kindFounders of the file-sharing Web site The Pirate Bay have been found guilty of violating copyright laws. Will the ruling change file sharing? Rico Gagliano reports.Source: Marketplace | 17 Apr 2009 | 6:13 pm VW zooms past Toyota for sales champVolkswagon's sales surpassed Toyota's, putting it at number one in sales for the first quarter. How did VW do it? Janet Babin reports.Source: Marketplace | 17 Apr 2009 | 6:12 pm How the banks are posting big profitsCitigroup is the latest big bank to post big earnings -- a $1.6 billion profit in the first quarter. But with the economy still far from sound, how have the banks been able to post such big profits? Ashley Milne-Tyte reports.Source: Marketplace | 17 Apr 2009 | 6:12 pm Battle over greenhouse gas regulationThe Environmental Protection Agency has ruled that greenhouse gases pose a threat to public safety, which could lead to sweeping regulations across several industries. Business groups want Congress to legislate greenhouse gas emissions instead. Steve Henn reports.Source: Marketplace | 17 Apr 2009 | 6:12 pm Bove Says Citigroup's Trading Gains Are SustainableSource: Bloomberg - All Podcasts | 17 Apr 2009 | 6:05 pm A lid to be liftedTax havens: As a crackdown on financial secrecy and the evasion of fiscal obligations puts pressure on places that earn a living from that discretion, their clients face awkward choicesSource: Financial Times - US homepage | 17 Apr 2009 | 6:03 pm Klein Sees `Fairly Good' Earnings Report for GESource: Bloomberg - All Podcasts | 17 Apr 2009 | 5:56 pm Dixon Says Bank Bailouts Needed to Prevent `Horrendous' EconomySource: Bloomberg - All Podcasts | 17 Apr 2009 | 5:42 pm 'Thanks To God Bank'
Managed risk in Port au Prince CJ Hendrix CJ Hendrix asks whether he's seeing the future of American banking in Port au Prince, Haiti, where he lives: On virtually every street you will find these small shacks called Banks: Titi Bank, Chez Bank, and all sorts of religiously named banks: Thanks to God Bank, Hope from God Bank, etc. This one is not even close to the least-confidence inspiring. Some of them remind me of the tin shacks that used to sell fireworks on some empty lot in my hometown before the 4th of July. In fact, they aren't banks at all, but loto shops. That's loto as in lotto, to those of us playing along in the U.S. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 17 Apr 2009 | 5:35 pm BGC's Buik Sees TARP Stabilizing the Financial IndustrySource: Bloomberg - All Podcasts | 17 Apr 2009 | 5:30 pm Idling Rig Count Resumes… More Foreign Oil (BHI, USO)Baker Hughes Inc. (NYSE: BHI) is out with its weekly rig count. Last week we thought that we were getting close to equilibrium on the supply and demand equation because we were starting to see a small sense of stabilization in the U.S. and Canadian rig counts. It looks like that just isn’t the case. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 17 Apr 2009 | 5:30 pm GM outlines its restructuring plansGeneral Motors' chief executive said the company was weighing options including a prepackaged bankruptcy filing and a split-up of its badly and better-performing assets under court protection as it works to complete a new business plan with a U.S. Treasury task forceSource: Financial Times - US homepage | 17 Apr 2009 | 5:22 pm Are college students credit-conscious?College is the place most people first experience using credit. As part of the series Road To Ruin, Tess Vigeland asks students at Washington University in St. Louis, Mo. about their credit knowledge.Source: Marketplace Money | 17 Apr 2009 | 5:18 pm Japan plans emergency share purchasesJapan's ruling Liberal Democratic party has unveiled details of its proposed Y50,000bn scheme to support the stock market by directly buying exchange-traded fundsSource: Financial Times - US homepage | 17 Apr 2009 | 5:12 pm Holden gears up for rocky road aheadJust over 60 years ago Australian Labor Prime Minister Ben Chifley grinned as the first gleaming Holden rolled off the production line and declared: "She's a beauty." Within five years the first export FJ models arrived in New...Source: New Zealand Herald - Business | 17 Apr 2009 | 5:00 pm Brian Fallow: The bright side of recessionIf the recession has a silver lining it is that inflation has disappeared as an issue. Economists expect it to stay out of the picture long enough for Reserve Bank Governor Alan Bollard to cut interest rates again on April 30 and...Source: New Zealand Herald - Business | 17 Apr 2009 | 5:00 pm Fiat: Chrysler's Italian styleAmericans could see some fresh Italian faces if Chrylser's deal with Fiat goes through.Source: Business and financial news - CNNMoney.com | 17 Apr 2009 | 4:25 pm IMF agrees new loan for UkraineThe International Monetary Fund strikes an initial deal with Ukraine on the second instalment of a multi-billion dollar loan package.Source: BBC News | Business | World Edition | 17 Apr 2009 | 4:19 pm FTSE 100 climbs higher (AFP)
Source: Yahoo! News: Stock Markets News | 17 Apr 2009 | 4:14 pm Foreign Brands Gone Missing For Investors (NYX, NDAQ, ADDDF, BAESY, AHBIF, LVMHF, NSRGY, NTDOY, RHHBY, LUKOY)There has been an interesting trend in the globalization movement. The U.S. has seen some major brands and major companies get acquired by foreign public companies, but suddenly U.S. investors have a very hard time in investing in those companies again. The NYSE Euronext, Inc. (NYSE: NYX) and the NASDAQ OMX Group Inc. (NASDAQ: NDAQ) [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 17 Apr 2009 | 4:14 pm Marriage, first home and taxesQ. My son and his fiancée, who are getting married this month, bought a home last year. She had owned a home before, but he had not. Is he still eligible for the $7,500 first-time homebuyer tax credit?Source: Business and financial news - CNNMoney.com | 17 Apr 2009 | 4:08 pm Ashton Kutcher trumps CNN on TwitterThe actor is the first Twitter user to have 1 million people signed up to follow his tweets. As the winner, he will have to donate 10,000 mosquito nets in time for World Malaria Day on April 25.Ashton Kutcher single-handedly conquered CNN. Source: L.A. Times - Business | 17 Apr 2009 | 4:06 pm OECD has tough remedies for NZThe Organisation for Economic Co-operation and Development's report on New Zealand illuminates the dilemma facing the Government as it prepares next month's Budget. On the one hand, the OECD warns that the recession, which the...Source: New Zealand Herald - Business | 17 Apr 2009 | 4:00 pm Woolworths sales up 6.5pc to $15.7bSupermarket giant Woolworths said third-quarter sales increased by 6.5 per cent, adjusted for Easter, to A$12.3 billion ($15.70 billion) for the 13 weeks to April 5. The rise was 5.9 per cent excluding Easter sales. Excluding petrol...Source: New Zealand Herald - Business | 17 Apr 2009 | 4:00 pm Obama unveils plan for high-speed railPresident Barack Obama pressed yesterday for the United States to move swiftly to a system of high-speed rail travel to relieve congestion, help clean the air and save on energy. Appearing with Vice-President Joe Biden and Transportation...Source: New Zealand Herald - Business | 17 Apr 2009 | 4:00 pm Brian Gaynor : Air NZ quick to act as number of flyers fallsAirline chief executives face constant challenges and new Qantas chief executive Alan Joyce felt the full weight of his position this week when he slashed the company's June 2009 year profit forecast by a further 80 per cent. The...Source: New Zealand Herald - Business | 17 Apr 2009 | 4:00 pm Nokia profit plummet not as bad as expectedNokia shares soared nearly 10 per cent yesterday, despite a plunge in first-quarter profits as the cellular powerhouse maintained its market outlook and sold more mobile phones than analysts had expected. The world's top mobile...Source: New Zealand Herald - Business | 17 Apr 2009 | 4:00 pm Woodside nominates northwest for LNG projectWoodside Petroleum, Australia's second-biggest oil and gas producer, has picked a site on the far northwest coast for its Browse LNG project and said it would "strongly" urge its partners to agree to the location. Woodside's decision,...Source: New Zealand Herald - Business | 17 Apr 2009 | 4:00 pm GM moves on cutting debtGeneral Motors is preparing to launch a public bond-exchange offer soon so the company can start slashing its debt, even without an agreement from a committee representing large institutional bondholders. The Detroit carmaker has...Source: New Zealand Herald - Business | 17 Apr 2009 | 4:00 pm Aussie bond offerThe Australian Office of Financial Management has priced A$700 million ($893.76 million) of June 15, 2011, Treasury bonds at a weighted average yield of 3.3248 per cent. The Reserve Bank of Australia took up none of the offer,...Source: New Zealand Herald - Business | 17 Apr 2009 | 4:00 pm How to nab a low-rate home loanOn paper it seems like the perfect time to refinance. The average rate on a 30-year fixed mortgage recently hit a 20-year low when it fell below 5% in mid-March. And the Fed has said that it will spend $300 billion to buy back government-backed Treasury bonds; that will probably keep loan rates low for months to come.Source: Business and financial news - CNNMoney.com | 17 Apr 2009 | 3:59 pm Thailand's 'yellow shirt' leader shotOne of Thailand's most prominent political figures was shot and injured in an apparent assassination attempt, raising new fears that the tensions in the country could again flare into violenceSource: Financial Times - US homepage | 17 Apr 2009 | 3:49 pm What If Green Jobs Don’t Pay?Salaries at solar and wind companies are lower than you think. By Brady Yauch of The Big Money The Obama administration is putting a lot of stock in the concept of “green jobs.” In late February, Vice President Joe Biden threw his weight behind the green movement and the $20 billion in the stimulus package devoted to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 17 Apr 2009 | 3:37 pm The Twitter Economy
Welcome to the Twitterverse, Oprah. Oprah just started twittering today, and I would lying if I said we weren't a bit jealous that after just 3 tweets she had already amassed 79, 507 followers. Over at Planet Money, we have tweeted 1,762 times, but we've got just 12, 269 followers -- not that we don't love you all. Hmmm... maybe Planet Money needs to be on the Oprah show next. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 17 Apr 2009 | 3:36 pm Tone-Deaf BankingThis is why we need print newspapers. On page one of the New York Times business section today, Floyd Norris swims around in the question of why the good-hearted bankers of Goldman Sachs feel so unloved -- might have something to do with that $1.8 billion profit they just posted after receiving $10 billion in TARP money and another $28 billion borrowed with a guarantee from the FDIC, he writes. Not to mention the $13 billion the firm got from AIG, out of the insurer's bailout funds. I let my eye wander over to the lower right of the page, for this headline: "AIG Chief Has Millions in Goldman." Edward M. Liddy holds $3 million in Goldman stock, which the paper says he got for serving on the bank's board and audit committee until he took the AIG job in September. His press person told the Times that the stake represents: "a small percentage of his total net worth." I think that's supposed to make the public feel better about it. I think. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 17 Apr 2009 | 3:01 pm Court jails Pirate Bay foundersThe founders of Pirate Bay, the world's most famous file-sharing site, are given jail terms in Sweden for copyright offences.Source: BBC News | Business | World Edition | 17 Apr 2009 | 2:29 pm Russian Oil Pipeline to China Gets Closer & CloserThe so-called East Siberia-Pacific Ocean (ESPO) crude oil pipeline from Russian oilfields in western Siberia will be more than 3,000 miles long when it is completed. Part of the project to transport Russian crude to new markets in China, Japan, and Korea is a spur from the ESPO pipeline into China, the first Russian pipeline [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 17 Apr 2009 | 2:15 pm Glamour gameIPL cricket contest set to boost South African economySource: BBC News | Business | World Edition | 17 Apr 2009 | 1:40 pm S&P Downgrades Credit Ratings on DDS, JCP, M, Neiman Marcus, JWNStandard & Poor’s downgraded the ratings on Dillard’s (NYSE: DDS), J.C. Penney (NYSE: JCP), Macy’s (NYSE: M), Neiman Marcus (private) and Nordstrom (NYSE: JWN). Standard & Poor’s credit analyst Diane Shand said, “The rating actions reflect Standard & Poor’s deepening concern about the impact of the U.S. recession on the increasingly troubled department store sector which [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 17 Apr 2009 | 1:34 pm Chesapeake Again Hacks Production (CHK)Chesapeake Energy Corp. (NYSE: CHK), the largest natural gas producer in the US, is cutting its gas production again, bringing the total reduction to about 400 million cubic feet/day. That total includes a 200 million cubic feet/day reduction announced on March 2nd. In addition to the cuts in Mid-Continent and Barnett Shale production, Chesapeake will throttle [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 17 Apr 2009 | 1:02 pm European stocks higher after Citigroup earnings (AP)
Source: Yahoo! News: Stock Markets News | 17 Apr 2009 | 11:27 am European stocks higher after Citigroup earnings (AP)
Source: Yahoo! News: Business | 17 Apr 2009 | 11:27 am Gem producer Botswana cuts outputFalling demand for precious stones forces Botswana, a major diamond producer, to cut output by more than half this year.Source: BBC News | Business | World Edition | 17 Apr 2009 | 11:23 am Bid move boosts wind farm companyA takeover approach sends shares in wind farm company Renewable Energy Generation soaring by almost 50%.Source: BBC News | Business | World Edition | 17 Apr 2009 | 11:15 am
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