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Short Sellers Abandon Financial Shares, Tech StocksShort sellers are not longer willing to gamble on a collapse in the share prices of America’s largest financial firms. Perhaps they think that the issue of nationalization has largely disappeared, the bank earnings may get better, or that the government’s program to strip them of toxic assets may work. Based on short selling data as [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 26 Apr 2009 | 1:21 pm Israel Stocks: Stocks rise for third day; Israel Chemicals higherIsraeli stocks rise for a third day on Sunday, led by Israel Chemicals and sharp gains in the financial sector.Source: MarketWatch.com - Top Stories | 26 Apr 2009 | 1:18 pm NewsWatch: How a 5% drop in GDP can look goodThe U.S. economy likely contracted sharply again in the first three months of 2009, but the details of the report on gross domestic product should indicate that the economy is beginning to heal.Source: MarketWatch.com - Top Stories | 26 Apr 2009 | 1:00 pm Working wellHow one company ensures staff are fit for the jobSource: BBC News | Business | World Edition | 26 Apr 2009 | 12:42 pm Ping An to vote against Fortis-BNP Paribas dealBRUSSELS, April 26 (Reuters) - Ping An , the largest shareholder in Fortis , said on Sunday it will once more vote against the sale of the stricken financial group's assets to France's BNP Paribas . ...Source: RSS feed - channel BNewsBusiness | 26 Apr 2009 | 12:39 pm Tamil Tigers declare unilateral ceasefireSri Lanka's Tamil Tiger rebels have declared a unilateral ceasefire in fighting with government forces in the island's northeast to end what they said was "an unprecedented humanitarian crisis"Source: Financial Times - US homepage | 26 Apr 2009 | 12:09 pm Fortis, BNP, Belgian state agree RPI financeBRUSSELS, April 26 (Reuters) - Stricken financial group Fortis said on Sunday it had reached agreement with French bank BNP Paribas and the Belgian state on the financing of special purpose vehicle Royal...Source: RSS feed - channel BNewsBusiness | 26 Apr 2009 | 11:34 am Economic Preview: How a 5% drop in GDP can look goodThe U.S. economy likely contracted sharply again in the first three months of 2009, but the details of the report on gross domestic product should indicate that the economy is beginning to heal.Source: MarketWatch.com - Top Stories | 26 Apr 2009 | 11:32 am Bank of America’s (BAC) Lewis Sold CFO His PorscheBank of America’s CEO Ken Lewis sold his CFO Joe Price a Porsche in 2007. According to SmarTrend, “While the details of the sale remain private, the transfer itself raises serious doubts regarding ethics of the relationship between Lewis and Price.” Maybe it does raise ethical, governance, and tax issues. But, maybe it doesn’t. It is not clear [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 26 Apr 2009 | 11:29 am First-time home buyers absent in the U.K.British house prices slowed their descent in April as sales activity picked up, but first-time buyers remain a crucial missing ingredient in the property market, housing industry consultant Hometrack said Monday.Source: MarketWatch.com - Top Stories | 26 Apr 2009 | 11:01 am Japan banks Shinsei, Aozora eye merger: reportsShinsei Bank and Aozora Bank are in talks to merge, a move that would create Japan's sixth-largest bank, media reports say, citing people familiar with the matter.Source: MarketWatch.com - Top Stories | 26 Apr 2009 | 9:51 am Finance ministers encouraged but wary over economyFinance ministers see signs the global economy is stabilizing but are cautioning it will take until the middle of next year for the world to emerge from the worst recession in decades. ...Source: RSS feed - channel BNewsBusiness | 26 Apr 2009 | 9:47 am China and Taiwan investment dealChina and Taiwan sign agreements to allow investment across the Taiwan Strait in the latest sign of improving ties.Source: BBC News | Business | World Edition | 26 Apr 2009 | 8:59 am GM may close Pontiac unit after 82 years: JournalGeneral Motors Corp. is planning to close its Pontiac division after 82 years because of slumping sales and bottom-line losses, people familiar with the matter told The Wall Street Journal.Source: MarketWatch.com - Top Stories | 26 Apr 2009 | 8:24 am Harley-Davidson names director Allen chairmanHarley-Davidson Inc. named Barry Allen chairman, succeeding Jeffrey Bleustein, who did not stand for reelection.Source: MarketWatch.com - Top Stories | 26 Apr 2009 | 7:57 am Federal prosecutor enjoys bringing cheats to justiceThe job: Assistant U.S. attorney and chief of the office's Major Frauds Section. He supervises 40 attorneys who prosecute mortgage, securities, corporate, government, investment and tax fraud in sevenSource: L.A. Times - Business | 26 Apr 2009 | 7:00 am Offer guidance, but don't impose solutions on ailing father-in-lawDear Liz: My father-in-law was diagnosed with Parkinson's disease a few years back and his condition has steadily worsened. He can no longer write checks or keep track of due dates. My mother-in-law now must step in to maintain the family's books, which she has never done before. I hope to work with her to develop a basic budget, but therein lies another problem. My father-in-law has made a very decent living and until he became sick, neither of them needed to worry about basic daily expenses or even small luxuries. As the medical bills mount, she is concerned that expenses are outpacing income, but he is reluctant to economize. To develop a budget would mean confronting his illness head-on, something he has managed to avoid for almost four years. Do you have any advice on handling this process of ceding financial control from an ill spouse to the partner?Source: L.A. Times - Business | 26 Apr 2009 | 7:00 am 'Vampire' energy use is taking a bite out of your walletElectronic devices and appliances that use electricity even when they're idle may be costing you hundreds of dollars a year, experts say.Are vampires sucking the life out of your household energy budget? Source: L.A. Times - Business | 26 Apr 2009 | 7:00 am Consumer bankruptcy: A guideBankruptcy can help free you from crushing debts and provide a fresh start, but if you're not careful and completely honest, you could end up in worse shape. Here's a look at how it works.As popular as bankruptcy is today, it's nothing new, going at least all the way back to the Bible's Book of Deuteronomy, which simply states: "At the end of every seven years you must cancel debts." Source: L.A. Times - Business | 26 Apr 2009 | 7:00 am As unemployment grows, mortgage payment protection programs gain popularityMore builders, lenders and consumers are signing up for coverage, which helps home buyers make payments if they lose their jobs.Is there a rainy day in your personal job forecast? That wouldn't be surprising -- not with unemployment rates in double digits in several states including California, 8.2% nationwide and widely expected to hit 10% or higher by next year. Source: L.A. Times - Business | 26 Apr 2009 | 7:00 am Getting the runaround when your good credit is at riskPresident Obama declared last week that credit card companies must end "unfair rate increases" and "abusive fees and penalties."Source: L.A. Times - Business | 26 Apr 2009 | 7:00 am Where playboys feel at homeIt's not the Playboy mansion, but it is the playboy's mansion. Hugh and Kimberley Hefner's personal residence is an English Manor-style home that sits on 2.3 flat acres in affluent Holmby Hills.Source: L.A. Times - Business | 26 Apr 2009 | 7:00 am Notification of meetings is mandatoryThe Davis-Stirling Act says that notice of board meetings must be given at least four days in advance and that notices must be sent to nonresident owners and titleholders who request it to be mailed.Question: Homeowners at my association want to attend the board meetings but we do not receive notice of the date, time and place. We learn of the meetings by word-of-mouth, but we really want proper notice. I've brought this subject up numerous times at meetings and even suggested that a bulletin board for meeting notices be placed in the lobby next to the elevator. The president flatly rejects any such proposals, saying that it would look "tacky." Is the board of directors required to post the date, time and place of such meetings? Source: L.A. Times - Business | 26 Apr 2009 | 7:00 am Make baby shower gift optional when money is tightIs it wrong to ask friends to spend when you know they're scrimping? And what do you do with an influx of cash -- if you're still getting unemployment checks?Source: L.A. Times - Business | 26 Apr 2009 | 7:00 am Consumer bankruptcy: A guideBankruptcy can help free you from crushing debts and provide a fresh start, but if you're not careful and completely honest, you could end up in worse shape. Here's a look at how it works. ...Source: RSS feed - channel BNPaperBusiness | 26 Apr 2009 | 7:00 am As unemployment grows, mortgage payment protection programs gain popularityMore builders, lenders and consumers are signing up for coverage, which helps home buyers make payments if they lose their jobs. ...Source: RSS feed - channel BNPaperBusiness | 26 Apr 2009 | 7:00 am Make baby shower gift optional when money is tightIs it wrong to ask friends to spend when you know they're scrimping? And what do you do with an influx of cash -- if you're still getting unemployment checks?Source: RSS feed - channel BNPaperBusiness | 26 Apr 2009 | 7:00 am Yosemite to open 24 new cabins in MayRECREATIONSource: RSS feed - channel BNPaperBusiness | 26 Apr 2009 | 7:00 am Offer guidance, but don't impose solutions on ailing father-in-lawDear Liz: My father-in-law was diagnosed with Parkinson's disease a few years back and his condition has steadily worsened. He can no longer write checks or keep track of due dates. My mother-in-law now...Source: RSS feed - channel BNPaperBusiness | 26 Apr 2009 | 7:00 am 'Vampire' energy use is taking a bite out of your walletElectronic devices and appliances that use electricity even when they're idle may be costing you hundreds of dollars a year, experts say. ...Source: RSS feed - channel BNPaperBusiness | 26 Apr 2009 | 7:00 am Where playboys feel at homeIt's not the Playboy mansion, but it is the playboy's mansion. Hugh and Kimberley Hefner's personal residence is an English Manor-style home that sits on 2.3 flat acres in affluent Holmby Hills.Source: RSS feed - channel BNPaperBusiness | 26 Apr 2009 | 7:00 am Getting the runaround when your good credit is at riskPresident Obama declared last week that credit card companies must end "unfair rate increases" and "abusive fees and penalties."Source: RSS feed - channel BNPaperBusiness | 26 Apr 2009 | 7:00 am Federal prosecutor enjoys bringing cheats to justiceThe job: Assistant U.S. attorney and chief of the office's Major Frauds Section. He supervises 40 attorneys who prosecute mortgage, securities, corporate, government, investment and tax fraud in seven...Source: RSS feed - channel BNPaperBusiness | 26 Apr 2009 | 7:00 am Yosemite to open 24 new cabins in MayRECREATIONSource: L.A. Times - Business | 26 Apr 2009 | 7:00 am Notification of meetings is mandatoryThe Davis-Stirling Act says that notice of board meetings must be given at least four days in advance and that notices must be sent to nonresident owners and titleholders who request it to be mailed. ...Source: RSS feed - channel BNPaperBusiness | 26 Apr 2009 | 7:00 am Israel's Koor cuts Credit Suisse stake to 2.78 pctTEL AVIV, April 26 (Reuters) - Israeli holding company Koor Industries said on Sunday it would post a gain of 256 million shekels ($60 million) from the sale of part of its stake in Credit Suisse . ...Source: RSS feed - channel BNewsBusiness | 26 Apr 2009 | 6:52 am Crisis warms Turks to opening Armenia borderHit by a bruising economic crisis, residents of Kars, in eastern Turkey, are increasingly warming to the idea of opening the border with Armenia, hoping that revived trade links would...Source: RSS feed - channel BNewsBusiness | 26 Apr 2009 | 5:37 am Spanish clothes price war fuels deflation fearsFaced with declining sales due to Spain's worst recession in a generation, Spanish clothing retailers like Zara have launched a fierce price war that has contributed to the risk of...Source: RSS feed - channel BNewsBusiness | 26 Apr 2009 | 5:27 am Chrysler creditors urged to make concessionsDETROIT (Reuters) - With just days to go for Chrysler LLC to reach agreements to cut labor and debt costs or face bankruptcy, members of Michigan's Democratic congressional delegation said on Saturday the onus was now on the U.S. automaker's creditors to make concessions.Source: Reuters: Business News | 26 Apr 2009 | 5:15 am N. Korea 'resumes plutonium extraction'North Korea says it has resumed reprocessing spent nuclear fuel rods to extract plutonium, further raising the diplomatic stakes after it launched a long-range rocket over Japan earlier this monthSource: Financial Times - US homepage | 26 Apr 2009 | 4:22 am Chrysler creditors urged to make concessionsWith just days to go for Chrysler LLC to reach agreements to cut labor and debt costs or face bankruptcy, members of Michigan's Democratic congressional delegation said Saturday the onus was now on the U.S. automaker's creditors to make concessions.Source: Business and financial news - CNNMoney.com | 26 Apr 2009 | 3:20 am Bulgaria faces tough talks on gas deal with RussiaBulgarian Premier Sergey Stanishev was to travel to Moscow for sensitive talks with his Russian counterpart Vladimir Putin on the terms of Bulgaria's participation in the South Stream...Source: RSS feed - channel BNewsBusiness | 26 Apr 2009 | 2:39 am IMF says time to talk crisis exit plansThe IMF said it was time to talk exit strategies since all members now endorsed stimulus measures taken to combat the global financial crisis and the need to clean up banks' bad assets.Source: RSS feed - channel BNewsBusiness | 26 Apr 2009 | 2:19 am Chrysler creditors urged to make concessions (Reuters)Reuters - With just days to go for Chrysler LLC to reach agreements to cut labor and debt costs or face bankruptcy, members of Michigan's Democratic congressional delegation said on Saturday the onus was now on the U.S. automaker's creditors to make concessions.Source: Yahoo! News: Business | 26 Apr 2009 | 2:17 am Chrysler creditors urged to make concessionsDETROIT (Reuters) - With just days to go for Chrysler LLC to reach agreements to cut labor and debt costs or face bankruptcy, members of Michigan's Democratic congressional delegation said on Saturday...Source: RSS feed - channel BNewsBusiness | 26 Apr 2009 | 2:17 am Finance chiefs urge bank reformFinance ministers from wealthy and developing nations have called for an urgent reform of banking systems.Source: BBC News | Business | World Edition | 26 Apr 2009 | 2:02 am Stock rally: Meet more roadblocksA stock rally that hit some potholes last week is likely to face more substantial roadblocks in the week ahead.Source: Business and financial news - CNNMoney.com | 26 Apr 2009 | 1:40 am Osborne: Newspapers will survive, in new formEven though their look and operations may be different, newspapers have a future in the journalism world if they learn how to survive in a competitive field, former Dallas Morning News...Source: RSS feed - channel BNewsBusiness | 26 Apr 2009 | 12:52 am Mortgagee sales almost tripleInvestors are bearing the brunt of the crash in property values, according to figures out today. Terralink's mortgagee sales report shows the number of mortgagee sales almost tripled in February. It shows there were 124 forced...Source: New Zealand Herald - Business | 26 Apr 2009 | 12:00 am Swiss ask U.S. to drop UBS caseSwitzerland, under pressure to join a global crackdown on tax fraud, asked the United States on Saturday to drop a legal case involving UBS bank in return for a new tax accord the two countries are about to negotiate.Source: Business and financial news - CNNMoney.com | 25 Apr 2009 | 11:17 pm IMF says existing stimulus could sufficeThe head of the International Monetary Fund said that if countries are successful in cleansing their financial systems, the fiscal stimulus already implemented for 20009 "may be enough"Source: Financial Times - US homepage | 25 Apr 2009 | 11:05 pm Northern Rock to be sold by end of yearNORTHERN ROCK is to be sold off by the end of the year under a fast-track government plan to start clawing back some of the hundreds of billions of pounds of taxpayers’ money ploughed into the banking sector.Source: Latest Business News from Times Online | 25 Apr 2009 | 11:00 pm Boots boss splits jobsSTEFANO PESSINA, the Italian billionaire in charge of Alliance Boots, owner of Boots the Chemist, is planning to split his combined role of chairman and chief executive.Source: Latest Business News from Times Online | 25 Apr 2009 | 11:00 pm We’re fleeing high-tax Britain, say City tycoonsTwo of Britain’s best known entrepreneurs are considering leaving Britain in protest against Alistair Darling’s new 50 per cent tax rate, as leading figures from business and the City warn of a talent exodus.Source: Latest Business News from Times Online | 25 Apr 2009 | 11:00 pm ITV looks outside box for Grade successorITV is casting its net beyond broadcasting in the search for a new chief executive.Source: Latest Business News from Times Online | 25 Apr 2009 | 11:00 pm Stoke City’s biggest gamblerLet’s see, what are the odds on Stoke City getting relegated from football’s Premier League? Well, on Wednesday, they were 30-1 at online bookmaker Bet365. I got it from Peter Coates, and he should know: he’s chairman and partial owner of both.Source: Latest Business News from Times Online | 25 Apr 2009 | 11:00 pm Lifeboat for building societiesTHE Bank of England is preparing a lifeboat to rescue Britain’s troubled building societies, amid worries for the financial health of the sector.Source: Latest Business News from Times Online | 25 Apr 2009 | 11:00 pm O’Reilly cash to rescue IndieDENIS O’BRIEN and Sir Anthony O’Reilly, the two largest shareholders in Independent News & Media (INM), have committed personally to invest at least €30m (£27m) to buy out bondholders under a proposal put to the newspaper publishers’ investors.Source: Latest Business News from Times Online | 25 Apr 2009 | 11:00 pm Unilever’s spreeUNILEVER is eyeing a series of takeovers as part of a renewed expansion plan around Europe.Source: Latest Business News from Times Online | 25 Apr 2009 | 11:00 pm Merlin magic conjures up millionairesIN just four years, the operator of some of Europe’s leading attractions, including Legoland and Madame Tussauds, has become the world’s second-biggest player in the sector – only Walt Disney is larger. It has also become a millionaire factory.Source: Latest Business News from Times Online | 25 Apr 2009 | 11:00 pm Investors fight for LonZim shake-upTWO shareholders in LonZim, the investment group that has bought a string of assets in Zimbabwe, have called for the board to be sacked and the company broken up.Source: Latest Business News from Times Online | 25 Apr 2009 | 11:00 pm New flu strain threatens Mexico, USA virus that has infected killed 68 and infected more than 1,000 people in Mexico and the US has "pandemic potential," the head of the World Health Organisation warned as she launched emergency response proceduresSource: Financial Times - US homepage | 25 Apr 2009 | 10:36 pm Swine flu could become global pandemic: officialsThe growing number of swine flu cases in Mexico and the U.S. has international health officials concerned that the aggressive virus could infect people worldwide.Source: MarketWatch.com - Top Stories | 25 Apr 2009 | 9:25 pm NewsWatch: Stocks ride earnings wave of mostly upbeat resultsWith the peak of first-quarter earnings seasons ahead, corporate America has so far exceeded the rather low bar set by Wall Street, helping fuel the stock market's recent bursts of optimism.Source: MarketWatch.com - Top Stories | 25 Apr 2009 | 9:00 pm UK super-rich 'hit in downturn'The UK's 1,000 richest people have seen their fortunes shrink by £155bn, says the Sunday Times Rich List.Source: BBC News | Business | World Edition | 25 Apr 2009 | 7:34 pm Swiss ask U.S. to drop UBS tax evasion caseWASHINGTON (Reuters) - Switzerland, under pressure to join a global crackdown on tax fraud, asked the United States Saturday to drop a legal case involving UBS bank in return for a new tax accord the two countries are about to negotiate.Source: Reuters: Business News | 25 Apr 2009 | 7:09 pm Swiss ask U.S. to drop UBS tax evasion case (Reuters)Reuters - Switzerland, under pressure to join a global crackdown on tax fraud, asked the United States Saturday to drop a legal case involving UBS bank in return for a new tax accord the two countries are about to negotiate.Source: Yahoo! News: Business | 25 Apr 2009 | 7:09 pm Dyke faces Grade scrap both in court and on pitchBad luck Michael Grade. The ITV boss was relegated as executive chairman of the broadcaster last week capping an unhappy few days for the cigarchomping media mogul.Source: Telegraph Finance | 25 Apr 2009 | 6:52 pm Yahoo's communications chief steps down: reportYahoo's head of communications Brad Williams has stepped down, according to a report in The Wall Street Journal, citing people familiar with the matter.Source: MarketWatch.com - Top Stories | 25 Apr 2009 | 6:43 pm Questor: Extract some more value out of RandgoldRandgold Resources£33.62 Questor says BUYSource: Telegraph Finance | 25 Apr 2009 | 6:34 pm Caution still crucial after Budget debacleGlancing at the newswires last Monday it was as if the world had been catapulted back threeandahalf years into merger mania.Source: Telegraph Finance | 25 Apr 2009 | 6:34 pm Alistair Darling wages war on the CityThe Chancellor's new 50pc tax rate is making business executives reassess London's position as a global financial centre.Source: Telegraph Finance | 25 Apr 2009 | 6:33 pm Mark Dixon: the Briton who wants to build a new GoogleMark Dixon chief executive of Regus made his fortune supplying serviced offices and he has his sights set on creating a worldleading company.Source: Telegraph Finance | 25 Apr 2009 | 6:32 pm Citi to sell Nikko Asset separately: reportNEW YORK (Reuters) - Citigroup Inc plans to sell Nikko Asset Management Co separately, not bundled with Nikko Cordial Securities Inc as previously speculated, the Nikkei financial daily reported.Source: Reuters: Business News | 25 Apr 2009 | 6:31 pm Diageo looking to seize its champagne momentPaul Walsh is targeting the biggest prize of his career. But is Bernard Arnault chairman of LVMH willing to negotiate?Source: Telegraph Finance | 25 Apr 2009 | 6:31 pm Window shutters open up new flight pathLike so many successful entrepreneurs before him Murray Clark started his business The California Company in his spare bedroom.Source: Telegraph Finance | 25 Apr 2009 | 6:29 pm Seminaked models can do sales of jam no harmIt must be every teenage boy's dream to appear alongside a topless Page 3 Sun model and Scottish jam entrepreneur Fraser Doherty managed to do so on Friday.Source: Telegraph Finance | 25 Apr 2009 | 6:29 pm The capital well is running dry and some economies will witherThe world is running out of capital. We cannot take it for granted that the global bond markets will prove deep enough to fund the 6 trillion or so needed for the Obama fiscal package USEuropean bank bailouts and ballooning deficits almost everywhere.Source: Telegraph Finance | 25 Apr 2009 | 6:24 pm Only Tory daring can drag Britain back from the brinkI suspect that in years to come we'll all remember where we were when Alistair Darling stood at the Commons despatch box on April 22 2009. Last Wednesday was a genuine "when Kennedy was shot" event.Source: Telegraph Finance | 25 Apr 2009 | 6:24 pm S Africa's ANC wins national electionThe African National Congress on Saturday fell just short of a commanding two-thirds majority even as South Africans granted the former liberation movement a renewed mandate to guide the continent's biggest economy through tough timesSource: Financial Times - US homepage | 25 Apr 2009 | 5:20 pm Swiss ask US to drop UBS caseSwiss President Hans-Rudolf Merz asked US Treasury Secretary Timothy Geithner to drop a legal case involving clients of UBS bank in return for a new tax accord the two countries are about to negotiateSource: Financial Times - US homepage | 25 Apr 2009 | 4:55 pm Tech down, but not outBig tech firms from IBM to Microsoft reported less-than-stellar financial results this week -- but there were pockets of optimism and most companies expect the end of 2009 to look much brighter.Source: Business and financial news - CNNMoney.com | 25 Apr 2009 | 4:26 pm U.S. backs more say for emerging nationsRead full story for latest details.Source: Business and financial news - CNNMoney.com | 25 Apr 2009 | 4:24 pm Golden chance to get cash for scrapPeople are dredging their drawers for unwanted jewellery and converting it to cash. Rebecca Simcock, co-owner of Christchurch-based antique jewellers Youngs, says she's seen a 200 per cent increase in cash-strapped customers coming...Source: New Zealand Herald - Business | 25 Apr 2009 | 4:00 pm Facebook: the new cyber CVJob hunters beware - employers are increasingly checking out networking sites such as Facebook and Twitter to get a feel for prospective employees. Fiona Hewitt, director of Brand YOU, says while some are just "checking out drunken...Source: New Zealand Herald - Business | 25 Apr 2009 | 4:00 pm Bernard Hickey : Why the worst is yet to comeThe United States stock market has just completed its biggest six-week rally since 1938 because, it is said, there are "green shoots" of recovery appearing in the US economy and around the world. Even here, real estate agents are...Source: New Zealand Herald - Business | 25 Apr 2009 | 4:00 pm Martin Hawes : Both home and away, knowledge is powerRecently I advised readers to get some investment capital offshore, possibly through managed funds. I have bought shares directly in places like Hong Kong, the UK, the US, Singapore and Canada and done reasonably well with them. This...Source: New Zealand Herald - Business | 25 Apr 2009 | 4:00 pm Butterfly effectAccording to British writer Nick Cohen, the last thing we should do in such troubled times is trust a banker. As he writes in his latest book, Waiting for the Etonians , a collection of his columns from the Observer and the...Source: New Zealand Herald - Business | 25 Apr 2009 | 4:00 pm Top tips : On how to 'have one hell of a recession and still make a profit'Author John Demartini gives tips on how to "have one hell of a recession and still make a profit". How can I make the most of what I have financially? Firstly, you have to be clear where you are. List all you have, all...Source: New Zealand Herald - Business | 25 Apr 2009 | 4:00 pm GM employee stock fund dumps all company shares (AP)AP - The manager of General Motors' employee stock fund has sold off all remaining shares of the troubled auto maker, which is closing plants and slashing costs in a bid to avoid bankruptcy.Source: Yahoo! News: Business | 25 Apr 2009 | 3:59 pm Anthony Doesburg: Better broadband nice work - if you can get itIt's heartening to be told by the Commerce Commission that New Zealand broadband speeds improved significantly last year. The bizarre thing is, mine got much worse. According to Epitiro Technologies, contracted by the commission...Source: New Zealand Herald - Business | 25 Apr 2009 | 3:55 pm Tim Ellis: Boost your resilience and find the way out of the 'death spiral'These are challenging times for organisations, the individuals who work in them, their families, friends and associates. But are we making it all harder for ourselves than we really need to? The evidence suggests that we are. At...Source: New Zealand Herald - Business | 25 Apr 2009 | 3:55 pm Deborah Hill Cone: No puffy silk pillows? That's living roughOur bach is a bach. More Third World shack than Omaha McMansion. Part of it has a concrete floor - but not one of those polished ones with underfloor heating. Real concrete. It is really difficult to clean that. So I don't. And...Source: New Zealand Herald - Business | 25 Apr 2009 | 3:00 pm Yahoo's communications head leaves company: reportNEW YORK (Reuters) - Yahoo Inc's communications head Brad Williams has left the company, the Wall Street Journal reported on Saturday, citing sources familiar with the matter.Source: Reuters: Business News | 25 Apr 2009 | 2:50 pm Germany to examine possible Magna stake in OpelBERLIN (Reuters) - German Economy Minister Karl-Theodor zu Guttenberg said on Saturday Austrian-Canadian auto parts supplier Magna is a potential investor in General Motors' struggling German unit Opel.Source: Reuters: Business News | 25 Apr 2009 | 2:11 pm Germany to examine possible Magna stake in Opel (Reuters)Reuters - German Economy Minister Karl-Theodor zu Guttenberg said on Saturday Austrian-Canadian auto parts supplier Magna is a potential investor in General Motors' struggling German unit Opel.Source: Yahoo! News: Business | 25 Apr 2009 | 2:11 pm Regions Financial (RF), Fifth Third (FITB), And Keycorp (KEY) Are Probably Banks That Failed Stress TestExperts have told The Wall Street Journal that they think several of the banks which failed the government’s stress tests are in the Midwest and Southeast. According to the paper, “Three people familiar with the matter said at least three banks are in this position.” Depending which states are included in those “regions”, the list of possible financial [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 25 Apr 2009 | 1:59 pm 4 more banks fail; total surpasses last yearFirst Bank of Idaho became the fourth U.S. bank to fail Friday, raising the 2009 total to 29 -- four more than the 25 that failed all of last year, the government said.Source: Business and financial news - CNNMoney.com | 25 Apr 2009 | 1:31 pm Four More Banks Fail: Stress Testing FDICSince four more banks have just failed, the question is bound to come up when the FDIC will run low on money and have to go begging to the Treasury. American Southern Bank, Michigan Heritage Bank, First Bank of Beverly Hills, and First Bank of Idaho all went under. These join the FDIC’s Failed Bank List According [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 25 Apr 2009 | 1:06 pm Government Slips Another $2 Billion Into GM’s (GM) PocketIt makes the federal government look weak. GM (GM) got another $2 billion to stay afloat while it negotiates with the UAW and creditors. Both parties have to assume that the Treasury is doing everything it can to keep the company out of Chapter 11 including pumping what may well be good money after bad. According [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 25 Apr 2009 | 12:06 pm Auto Future: ‘The Big 3′ Becomes ‘The Big 2′ (F, GM, DAI)“The Big 3″ is now likely more than ever about to become a term of the past. Chrysler looks like it may be the first one out, and the question immediately after that is on the future of General Motors Corporation (NYSE: GM). So far, it is Ford Motor Co. (NYSE: F) which is the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]] Source: 24/7 Wall Street | 25 Apr 2009 | 12:05 pm
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