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Room for Apple AND Research in MotionSource: Business and financial news - CNNMoney.com | 9 May 2009 | 12:32 pm After the stress tests...can you get a loan?Now that we know from the government's stress tests that the American banking system will survive, the question remains what will happen to lending.Source: Business and financial news - CNNMoney.com | 9 May 2009 | 12:24 pm Bank scramble to raise $75 billionThe race to raise capital among banks has begun.Source: Business and financial news - CNNMoney.com | 9 May 2009 | 12:22 pm Slashing spending by $1,200 a monthKevin and Lucy Aikman are emerging from the financial scare of their lives.Source: Business and financial news - CNNMoney.com | 9 May 2009 | 12:20 pm Personal Finance Daily: The week's 10 best Personal Finance storiesIn case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of May 4-8:
Source: MarketWatch.com - Top Stories | 9 May 2009 | 12:00 pm Germany sees open questions in Opel bidsGermany's economy minister was quoted as saying Saturday that questions remain over plans by both Fiat SpA and auto parts maker Magna International Inc. to invest in General Motors' main...Source: RSS feed - channel BNewsBusiness | 9 May 2009 | 11:19 am Zuma sworn in as South African presidentJacob Zuma completed one of the great political comebacks when he was sworn in as South Africa's fourth black president.Source: Financial Times - US homepage | 9 May 2009 | 11:05 am Obama urges passage of credit card reformUS President Barack Obama on Saturday renewed his appeal to Congress to pass a credit card reform bill that would outlaw sudden interest rate increases, hidden fees and what the White HouseSource: RSS feed - channel BNewsBusiness | 9 May 2009 | 10:10 am Auto Review: 2010 Nissan Electric Car: The future is quietAs I settled in the bucket seat and fastened the safety belt on the right-hand-drive vehicle, one question came to mind. “Now what do I do?” I asked the Nissan expert who had worked on this electric car for 15 years.
Source: MarketWatch.com - Top Stories | 9 May 2009 | 10:01 am Auto Review: 2009 Mercedes C63 AMG: The best sedan yetThink of a Mercedes sedan and you think of comfort, luxury and fine finishes, a well-engineered car but not one that would increase your blood pressure.
Source: MarketWatch.com - Top Stories | 9 May 2009 | 10:01 am deVere & Partners Announces Strong Performance for Q1 2009 and Continued Global ExpansiondeVere & Partners Group, the largest independent international Financial Advisory firm, is pleased to announce an increase in business for the first quarter of 2009.Source: RSS feed - channel BNewsBusiness | 9 May 2009 | 10:00 am W.R. Grace, 3 execs aquitted in asbestos caseW.R. Grace & Co. and three former executives were acquitted Friday of federal charges that they knowingly allowed residents of northwestern Montana town to be exposed to asbestos from its...Source: RSS feed - channel BNewsBusiness | 9 May 2009 | 9:47 am Do home improvements boost the value of your property?Longer daylight hours at this time of year prompt many home owners to tackle DIY projects - but which ones will add most value to their property?Source: Telegraph Finance | 9 May 2009 | 9:19 am AT&T to buy territories from Verizon for $2.35BAT&T Inc. said Friday it will buy the assets of Verizon Wireless in 79 mainly rural areas for $2.35 billion, a deal that will affect more than 1 million subscribers. Verizon Wireless wasSource: RSS feed - channel BNewsBusiness | 9 May 2009 | 9:11 am Stocks surge on relief over unemployment, banksThe Dow rises 164.80 points to 8,574.65 as financial issues lead the market higher. The only stress some bank-stock...Source: RSS feed - channel BNPaperBusiness | 9 May 2009 | 7:00 am Sun Microsystems may have broken anti-bribery lawsA 'potential violation' of U.S. anti-corruption law occurred abroad, a regulatory filing says. Oracle knew before agreeing last month to acquire the firm. ...Source: RSS feed - channel BNPaperBusiness | 9 May 2009 | 7:00 am Better, but hardly greatThe economy no longer is in a free fall. Everyone has heard that by now, whether or not they feel that it's true in their own lives.Source: RSS feed - channel BNPaperBusiness | 9 May 2009 | 7:00 am U.S. unemployment rate rises to 8.9%The pace of job losses slows in April, with 539,000 positions lost in comparison with 699,000 in March. But the job market is growing worse.The pace of job losses slowed considerably during the month of April, adding to hopes that the nation's steep economic downturn may be nearing a bottom.
Source: L.A. Times - Business | 9 May 2009 | 7:00 am Many workers' earnings stagnating or decliningAdding to financial woes for Americans is the loss of wealth in recent months through declining home values and retirement accounts rocked by stock market declines. ...Source: RSS feed - channel BNPaperBusiness | 9 May 2009 | 7:00 am Stocks surge on relief over unemployment, banksThe Dow rises 164.80 points to 8,574.65 as financial issues lead the market higher.The only stress some bank-stock investors felt Friday was from being unable to buy in fast enough.
Source: L.A. Times - Business | 9 May 2009 | 7:00 am Wholesale inventories fall more than expectedWASHINGTON -- Wholesalers slashed inventories for a seventh straight month in March as businesses struggled to get stockpiles in line with plunging sales.Source: RSS feed - channel BNPaperBusiness | 9 May 2009 | 7:00 am Better, but hardly greatThe economy no longer is in a free fall. Everyone has heard that by now, whether or not they feel that it's true in their own lives.
Source: L.A. Times - Business | 9 May 2009 | 7:00 am Chrysler bankruptcy creates lemon law turmoilBuyers of defective cars see settlement checks bounce and complaints stymied. To get their refunds, Bankruptcy Court must approve. Chrysler says it's not a priority.Chrysler's bankruptcy is throwing a wrench into California's lemon law, which is intended to make it easier for consumers to get refunds for defective vehicles. As the automaker's bankruptcy grinds away, settlement checks from Chrysler to unhappy car buyers are bouncing and complaints are stymied in and out of court.
Source: L.A. Times - Business | 9 May 2009 | 7:00 am Vintage motorcycles find traction in soft economySome rarities fetch six figures at auction, yet the market remains more affordable than classic cars. Compared with securities, a Curtiss V-8 is looking more and more like a solid investment.They leak, shake, rattle and spark -- and sell for hundreds of thousands of dollars.
Source: L.A. Times - Business | 9 May 2009 | 7:00 am Fannie Mae needs $19 billion more in bailout funds after huge lossThe lender, which lost $23.2 billion in the first quarter as mortgage defaults spread, needs the aid to stay solvent. The funds would come on top of a $15-billion government infusion earlier this year...Source: RSS feed - channel BNPaperBusiness | 9 May 2009 | 7:00 am Fannie Mae needs $19 billion more in bailout funds after huge lossThe lender, which lost $23.2 billion in the first quarter as mortgage defaults spread, needs the aid to stay solvent. The funds would come on top of a $15-billion government infusion earlier this year.Fannie Mae reported Friday that it lost $23.2 billion in the first three months of the year as mortgage defaults increasingly spread from risky loans to the far-larger portfolio of loans to borrowers who have been considered safe.
Source: L.A. Times - Business | 9 May 2009 | 7:00 am Toyota suffers stunning annual net loss -- its first since 1950Battered by a strong yen and weak demand, the automaker lost $4.4 billion in fiscal 2009 and $7.7 billion in its fourth quarter. It gets worse: the company predicts a $5.5-billion loss in fiscal 2010...Source: RSS feed - channel BNPaperBusiness | 9 May 2009 | 7:00 am Toyota suffers stunning annual net loss -- its first since 1950Battered by a strong yen and weak demand, the automaker lost $4.4 billion in fiscal 2009 and $7.7 billion in its fourth quarter. It gets worse: the company predicts a $5.5-billion loss in fiscal 2010.Stung by declining auto sales, Toyota Motor Corp. said it lost $7.7 billion in the fourth quarter -- leading to its first annual loss since 1950. And the world's largest automaker said next year may be worse.
Source: L.A. Times - Business | 9 May 2009 | 7:00 am Chrysler lenders group reportedly plans to back offLeading members OppenheimerFunds and Stairway Capital have left the shrinking group of creditors that opposed the government-orchestrated sale of Chrysler, sources say. ...Source: RSS feed - channel BNPaperBusiness | 9 May 2009 | 7:00 am Many workers' earnings stagnating or decliningAdding to financial woes for Americans is the loss of wealth in recent months through declining home values and retirement accounts rocked by stock market declines.In December, Timothy Owner, a trombone player with the Virginia Symphony Orchestra, called his landlord to tell her he might have trouble paying rent around May. He and the orchestra's 53 other full-time members, many of whom are paid less than $30,000 a year, had agreed to a monthlong furlough.
Source: L.A. Times - Business | 9 May 2009 | 7:00 am CalPERS issues draft policy on placement agent feesThe plan, which would require full disclosure of payments made to intermediaries in investment deals, comes in response to an alleged kickback scandal that has spread from New York to California.The country's largest government pension fund Friday gave preliminary approval to a first-ever policy requiring full and public disclosure of multimillion-dollar payments made to intermediaries in investment deals.
Source: L.A. Times - Business | 9 May 2009 | 7:00 am CalPERS issues draft policy on placement agent feesThe plan, which would require full disclosure of payments made to intermediaries in investment deals, comes in response to an alleged kickback scandal that has spread from New York to California. ...Source: RSS feed - channel BNPaperBusiness | 9 May 2009 | 7:00 am Chrysler bankruptcy creates lemon law turmoilBuyers of defective cars see settlement checks bounce and complaints stymied. To get their refunds, Bankruptcy Court must approve. Chrysler says it's not a priority. ...Source: RSS feed - channel BNPaperBusiness | 9 May 2009 | 7:00 am ATT to buy Verizon assets for 2.35 billionUS telecom company AT&T has announced an agreement under which it will acquire 2.35 billion dollars worth of assets from its rival, Verizon Wireless. AT&T will acquire wireless...Source: RSS feed - channel BNewsBusiness | 9 May 2009 | 4:35 am Stocks to Watch: Stocks in focus for MondayAmong the companies whose shares are expected to see active trade in Monday's session are Fluor, McDermott, Ambac and Berkshire Hathaway.
Source: MarketWatch.com - Top Stories | 9 May 2009 | 4:01 am ALL BUSINESS: Accounting tricks boost bank profitsThere's nothing like a little magical math to make banks' financial woes go away. Bank stocks have surged in recent weeks, a sign that investors are betting the worst of the financial...Source: RSS feed - channel BNewsBusiness | 9 May 2009 | 4:00 am NYC mayor, NY speaker call for ground zero summitThe mayor and a top state lawmaker on Friday called for a meeting to resolve a power struggle at ground zero, with growing momentum to build fewer skyscrapers than planned in an uncertain...Source: RSS feed - channel BNewsBusiness | 9 May 2009 | 3:46 am PRESS DIGEST - British Business Press - May 9Investment bankers are set to benefit by an estimated 54 million pounds from fees generated by rights issues at the house builder Taylor Wimpey and 3i, Britain's oldest private equity house. JP Morgan...Source: RSS feed - channel BNewsBusiness | 9 May 2009 | 3:19 am US banks claim line softened on $74bnUS banks have been given government assurances they will be allowed to raise less than the $74.6bn in equity mandated by stress tests if earnings over the next six months outstrip regulators' forecasts, bankers saidSource: Financial Times - US homepage | 9 May 2009 | 3:06 am The new frugal: $5 toilet seats...no more balloons!Source: Business and financial news - CNNMoney.com | 9 May 2009 | 2:27 am CORRECTED - UPDATE 3-AT&T to buy some Alltel for $2.35 bln*AT&T to buy Alltel assets from Verizon for $2.35 bln cashSource: RSS feed - channel BNewsBusiness | 9 May 2009 | 2:07 am AT&T to buy some Alltel assets for $2.35 billionPHILADELPHIA (Reuters) - AT&T Inc said Friday it will buy the bulk of Alltel Wireless assets being divested by Verizon Communications Inc for $2.35 billion, and will sell some Centennial Communications Corp assets to Verizon Wireless for $240 million.Source: Reuters: Business News | 9 May 2009 | 1:53 am Job loss lowest in six monthsThe unemployment rate hit a 25-year high in April, but there were signs of hope as the monthly job loss total fell to the lowest level in six months.Source: Business and financial news - CNNMoney.com | 9 May 2009 | 1:37 am Chrysler deal moves closerThe reorganization of troubled automaker Chrysler LLC moved a step closer Friday when opposition by lenders opposed to the deal collapsed.Source: Business and financial news - CNNMoney.com | 9 May 2009 | 1:36 am Driving a clunker? How much cash you could getSource: Business and financial news - CNNMoney.com | 9 May 2009 | 1:36 am Chavez seizes oil service firmsVenezuelan President Hugo Chavez sends troops to take over companies that provide services for the oil industry.Source: BBC News | Business | World Edition | 9 May 2009 | 1:19 am U.S. banks rush to raise capitalNEW YORK (Reuters) - Morgan Stanley and Wells Fargo sold more than $15 billion of shares and bonds, as the two companies rushed to the head of the line of banks looking to raise funds following government stress tests.Source: Reuters: Business News | 9 May 2009 | 12:59 am Admin wants Fed to oversee "systemic risk": sourcesWASHINGTON (Reuters) - The Obama administration is expected to propose legislation by June calling for the U.S. Federal Reserve to play a central role in regulating systemic risk in the economy, trade association sources said on Friday.Source: Reuters: Business News | 8 May 2009 | 11:59 pm Admin wants Fed to oversee "systemic risk": sources (Reuters)Reuters - The Obama administration is expected to propose legislation by June calling for the U.S. Federal Reserve to play a central role in regulating systemic risk in the economy, trade association sources said on Friday.Source: Yahoo! News: Business | 8 May 2009 | 11:59 pm Outside the Box: Turning to the bullish sideRalph Acampora joins a growing army of erstwhile bearish technicians and money managers who have gone to the bullish side over the last few months.
Source: MarketWatch.com - Top Stories | 8 May 2009 | 11:56 pm Bank stock relief helps sector raise capitalRelief in the wake of the government’s stress tests fuels a 'meltup' in the banking sector, helping some of the nation’s largest lenders raise more than $12 billion in new equity capital.
Source: MarketWatch.com - Top Stories | 8 May 2009 | 11:28 pm Latin American Markets: Chile up after rate cut; Brazilian market upgradedMajor Latin American markets climb, with Chilean stocks higher after the central bank delivers a larger interest-rate cut than had been expected, and Brazilian stocks gain following an upgrade of the market.
Source: MarketWatch.com - Top Stories | 8 May 2009 | 11:22 pm After Hours: Bank stocks ease after stress-test rallyA number of banking stocks ease after hours following strong regular-session advances as investors breathe a sigh of relief in the wake of the government's stress tests.
Source: MarketWatch.com - Top Stories | 8 May 2009 | 11:12 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 | 8 May 2009 | 11:06 pm I won't apologise for defending the artsOpen any newspaper or turn on the TV and you are confronted with the realities of recession. So it is perhaps inevitable that there will be some who frame the arts and culture as luxury items and accept that they will have to survive on shorter rations. And in the grand scheme of things, what does it matter, they say. Source: Latest Business News from Times Online | 8 May 2009 | 11:00 pm Morgan Stanley and Wells Fargo raise share salesMorgan Stanley and Wells Fargo bumped up their share sales by $3.5 billion ($£2.3 billion) to $11.5 billion as investors, cheered by government stress tests on America's banks that were better than expected, scrambled for financial stocks.$ Source: Latest Business News from Times Online | 8 May 2009 | 11:00 pm Investors bet that worst of recession is over and predict new bull marketA wave of euphoria swept world stock markets yesterday as investors piled back into shares, betting that the worst of the global recession had passed. Source: Latest Business News from Times Online | 8 May 2009 | 11:00 pm Toyota in reverse for first time in 71 yearsToyota, the world's biggest carmaker and a figurehead for Japanese industrial might, has made its first annual net loss in 71 years, triggering investors' fears that it had botched its strategy in China and may fall victim to a price war on hybrid cars. Source: Latest Business News from Times Online | 8 May 2009 | 11:00 pm US jobless at 26-year high but President Obama hopefulPresident Obama said that America was showing signs of economic recovery, even as the country's unemployment rate hit a near-26-year high. Source: Latest Business News from Times Online | 8 May 2009 | 11:00 pm Chrysler’s exit from Chapter 11 moves closer as rebel lenders abandon fightRebel lenders have dropped their legal fight against Chrysler’s restructuring plan, increasing the car-maker’s chance of a speedy exit from Chapter 11 bankruptcy protection. Source: Latest Business News from Times Online | 8 May 2009 | 11:00 pm Tesco campaign rediscovers its family appealTesco is bringing back the “Tesco family” as part of a £150 million relaunch of its Clubcard scheme. The supermarket, which claims that one in two UK households uses the card, is to run a series of television and newspaper advertisements from next week featuring Fay Ripley, of Cold Feet, the ITV1 hit, and Mark Addy, one of the stars of The Full Monty. Source: Latest Business News from Times Online | 8 May 2009 | 11:00 pm 2,000 steel jobs are at risk after Corus deal failsNearly 2,000 jobs in the North East are likely to be lost as Corus, the steelmaker, prepares to shut its plant in Redcar. Source: Latest Business News from Times Online | 8 May 2009 | 11:00 pm Need to know: Sir Fred Goodwin's knighthood ... Brixton sale ... Spotify downloadsView video and Need to Know interactive heatmap Source: Latest Business News from Times Online | 8 May 2009 | 11:00 pm Pssst! RBS bill might vanishIt is not much of an exaggeration to suggest that Stephen Hester will have more influence over the public finances, for good or ill, than the Chancellor or his successors. The success or failure of the Royal Bank of Scotland chief executive in his attempt to turn around the bank will have more impact on public spending plans and tax bills than any decisions made in 11 Downing Street. Source: Latest Business News from Times Online | 8 May 2009 | 11:00 pm U.S. sheds fewest jobs in 6 monthsWASHINGTON (Reuters) - U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline might be easing and gave the stock market a boost.Source: Reuters: Business News | 8 May 2009 | 10:56 pm JPMorgan faces SEC lawsuitJPMorgan Chase may be sued by US regulators for violating securities laws and market rules related to the sale of bonds and interest-rate swaps to Jefferson County, AlabamaSource: Financial Times - US homepage | 8 May 2009 | 10:52 pm Buffett's Berkshire has first loss since 2001 (Reuters)
Source: Yahoo! News: Business | 8 May 2009 | 10:49 pm Buffett's Berkshire has first loss since 2001NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc posted its first quarterly loss since 2001, hurt by losses on derivative contracts, a big investment in the oil company ConocoPhillips, and the weakening economy.Source: Reuters: Business News | 8 May 2009 | 10:49 pm Top Ten: MarketWatch's top stories May 4-8It's starting to seem almost routine. The markets go up, almost no matter what the news is. Hopefully, investors are getting this right.
Source: MarketWatch.com - Top Stories | 8 May 2009 | 10:48 pm Berkshire reports quarterly net loss of $1.53 blnBerkshire Hathaway reports a quarterly net loss as the insurance-focused conglomerate run by Warren Buffett records losses on some of its investments and derivatives positions.
Source: MarketWatch.com - Top Stories | 8 May 2009 | 10:47 pm Chrysler lenders end fight for better termsA dissident group of Chrysler secured lenders gave up their fight for better terms under the ailing carmaker's restructuring plan, but accused the Obama administration of exerting 'unfair pressure'Source: Financial Times - US homepage | 8 May 2009 | 10:29 pm US joblessness hits 25-year highUS unemployment climbed to 8.9 per cent in April, its highest level in a quarter of a century, as the economy shed more than half a million jobs, official figures showedSource: Financial Times - US homepage | 8 May 2009 | 10:24 pm Davis Sees Banks Avoiding Conversion of TARP Preferred SharesSource: Bloomberg - All Podcasts | 8 May 2009 | 10:23 pm FBR's Miller Says Stress Tests Give Markets Some `Certainty'Source: Bloomberg - All Podcasts | 8 May 2009 | 10:16 pm Stocks surge on relief over unemployment, banks (AP)
Source: Yahoo! News: Stock Markets News | 8 May 2009 | 10:11 pm How the major stock indexes fared Friday (AP)AP - Stocks soared Friday as Wall Street cheered the positive news it had been hoping for:Source: Yahoo! News: Stock Markets News | 8 May 2009 | 10:03 pm More muscle in fraud fightIn a move that received little notice, Congress this week sent to President Obama a bill to appropriate $532 million to investigate mortgage and securities fraud.Source: Business and financial news - CNNMoney.com | 8 May 2009 | 10:02 pm Hear: Elizabeth Warren Checks In
Elizabeth Warren chairs the Congressional Oversight Panel. Chip Somodevilla/Getty Images On today's Planet Money: -- We're going to file this one under Intense Planet Money Interviews. Bailout monitor and Harvard law professor Elizabeth Warren sat down with Adam Davidson this week and went at least 15 rounds over what's really wrong with the economy and what should be done to fix it. Warren, chair of the Congressional Oversight Panel, says the problem is as much a credit crisis as a slide in conditions for average American families. -- Engineer Jocelyn Lally works for a big firm in Chicago, where she says several of her colleagues have recently been made part-time. The resulting quiet has led to an unexpected economic indicator. Bonus: From Philadelphia, a living indicator. Download the podcast; or subscribe. Intro music: Fabolous "Its My Time." Find us: Twitter/ Facebook/ Flickr Oskar Kennedy spotted a fellow calling, "Turtles, man. Turtles." He writes: I have an indicator for you. Five. That was the number of baby turtles, in two plastic bins, that I saw for sale by a man walking from car to car on the Market-Frankford El in Philadelphia last Friday. I've seen lots of people selling stuff on the El. Bootleg DVDs and mix CDs, colognes and perfumes, candy and snacks, watches and jewelry. I once saw two guys negotiate the purchase of an engagement ring. And there's been a noticeable increase in the number of "vendors" walking up and down the train. But this is the first time I've ever seen someone selling anything that was alive. On second thought, maybe the indicator should be four. That was how many baby turtles the man had when he walked past me in the other direction about 15 minutes later. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 May 2009 | 10:00 pm Banks unveil cash-raising plansUS banks Wells Fargo, Morgan Stanley and Bank of America unveil plans to boost reserves after failing 'stress tests'.Source: BBC News | Business | World Edition | 8 May 2009 | 9:53 pm Icy winds threaten US-Russia thawRelations have gone awry between the two powers because Russia expelled two Canadian diplomats from Nato's mission in Moscow while the alliance went ahead with a long-planned military exercise in GeorgiaSource: Financial Times - US homepage | 8 May 2009 | 9:46 pm That bottle of Bordeaux might get pricierLast year it seemed as if the proud wine growers of Bordeaux might actually have to share the financial pain the rest of us were going through. After a wet summer with little sunshine, even the Bordelais -- who like to think their reds are the global benchmark for quality -- were conceding that the 2008 vintage might not be one for the history books. Everyone else hoped that after an overpriced 2007 vintage, Bordeaux prices, which have been mounting steadily over recent vintages, might descend from the stratosphere, aided by weaker global demand.Source: Business and financial news - CNNMoney.com | 8 May 2009 | 9:44 pm Write-Offs: 05.08.09$$$ "The director of the White House Military Office, Louis Caldera, has resigned, an administration official said Friday, two weeks after he authorized an Air Force One flyover of the Statue of Liberty." Caldera's resignation letter. [NYT, WSJ] $$$ Bernie and Ruth to start new Ponz scam online [Cityfile] $$$ Madoff Trustee Starts 'Hardship Program' for Victims [Dealbook] $$$ Job of the Week: Morgan Stanley needs an IB-VP. That could be you. [DB Career Center] $$$ Tremont founder Sandra Manzke tells her Madoff sob story. [PBS] 
Related: Air Force One - Louis Caldera - White House Military Office - Statue of Liberty - Morgan Stanley Source: Dealbreaker | 8 May 2009 | 9:38 pm Wall St leaps on bank optimism, jobs data (Reuters)
Source: Yahoo! News: Business | 8 May 2009 | 9:27 pm Wall St leaps on bank optimism, jobs dataNEW YORK (Reuters) - U.S. stocks rose on Friday, and the Nasdaq capped its longest stretch of weekly gains in a decade as stress test results and reassuring jobs data fueled hopes the worst is over for banks and the economy.Source: Reuters: Business News | 8 May 2009 | 9:27 pm Wall St leaps on bank optimism, jobs data (Reuters)
Source: Yahoo! News: Stock Markets News | 8 May 2009 | 9:27 pm Honours watchdog to consider stripping Sir Fred Goodwin of knighthoodSir Gus O'Donnell the Cabinet Secretary has said an honours watchdog is to consider whether it should strip former Royal Bank of Scotland boss Sir Fred Goodwin of his knighthood.Source: Telegraph Finance | 8 May 2009 | 9:13 pm Bernstein Sees Unemployment Rate Dropping Next YearSource: Bloomberg - All Podcasts | 8 May 2009 | 9:05 pm Hermann Says Pace of U.S. Job Cuts SlowingSource: Bloomberg - All Podcasts | 8 May 2009 | 9:02 pm Tilton Says Pace of U.S. Unemployment Will Continue DeclineSource: Bloomberg - All Podcasts | 8 May 2009 | 9:01 pm Dear Team TigerWhat can we say? We gave it our best shot. Next time! Performance for Tiger Global Ltd. April 2009: -12.9% YTD: -8.1% Also.
Related: Tiger - Year-to-date - Mammals - Kids and Teens - School Time Source: Dealbreaker | 8 May 2009 | 8:58 pm Fears over Opel plant 'very big'The head of the German state that is home to Opel's threatened engine plant says his fears for its future are now "very, very big".Source: BBC News | Business | World Edition | 8 May 2009 | 8:56 pm Sell Mortimer, Sell!Turnabout is fair play. Remember when we laughed at the Japanese for the real-estate deals they took a bath on at the top of the market? Those birds have, it seems, come home to roost as a number of American firms shed Japanese real-estate at distressed prices. To wit: American International Group Inc. is close to selling its Tokyo headquarters building to Nippon Life Insurance Co., Japan's largest life insurer, for about $1 billion, a person familiar with the situation said. Ouch. That hurts. AIG Said to Be Near $1 Billion Sale of Tokyo Tower to Nippon [Bloomberg]
Related: Japan - Tokyo - Real estate - American International Group - United States Source: Dealbreaker | 8 May 2009 | 8:56 pm Chrysler dissident lender group drops challengeDETROIT (Reuters) - A group of Chrysler LLC's dissident lenders disbanded, representatives said on Friday, removing the last legal hurdle to the automaker's quest to complete a merger with Italy's Fiat SpA with U.S. government backing.Source: Reuters: Business News | 8 May 2009 | 8:53 pm Chrysler dissident lender group drops challenge (Reuters)
Source: Yahoo! News: Business | 8 May 2009 | 8:53 pm Townsend Says Bank Stress Tests Are ArbitrarySource: Bloomberg - All Podcasts | 8 May 2009 | 8:52 pm What Happened To Mother Nature?Mother Nature used to look like this.This lady, progenitor of the Heat and Snow Miser follows the standard depiction of Mother Nature as a sylvan, earthy, vaguely counter-culture figure. Her clothes were loose and flowing, like a stream or breeze. Advertisers who used Mother Nature (she's a fair use ICON!) stuck to this basic script. Like this lady, who warns margarine users not to mess with Mother Nature, could have been outfitted from the same trunk as a summer stock production of Hair. But look at how Mother Nature is showing up these days -- dressed in a sharp business suit. -- Mike Pesca Its not just in Vitamin Water Ads, Tampax has gussied up Mother Nature to make her more friendly to the board room too. I don't have a solid thesis on WHY this is, I just find it curious THAT it is. Probably has something to do with appealing to working women, though I'm not sure why a marketer would need to make Mother nature relatable to make her effective. It's not like the traditional depictions of Mother Nature date from a time when regular women wore loose green garments and donned squirrel hats. I think the new image for Mother Nature conveys that she is IN CHARGE, and for a woman to be IN CHARGE is no longer a feat of mysticism -- it's a regular feature of corporate America. Hillary Clinton factors in too somehow, I'm just not sure of the details. This is all very interesting, and much less disturbing than when the Jolly Green Giant wore tan chinos on Casual Fridays. -- Mike Pesca » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 May 2009 | 8:39 pm U.S. sheds fewest jobs in 6 months (Reuters)Reuters - U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline might be easing and gave the stock market a boost.Source: Yahoo! News: Business | 8 May 2009 | 8:36 pm Oil rises as rally gathers paceThe price of oil has risen by 10% in a week as share markets climb amid fresh hope about the world economy.Source: BBC News | Business | World Edition | 8 May 2009 | 8:23 pm Use Of FundsFrom the mail bag: I have been trying to sell a busted emerging markets loan. I called up Merrill about it, because they have been known to broker trades from time to time. My salesman at Merrill called me back. Of course, he had no leads on the loan in question, but he went on to ask me if we had other emerging markets distressed loans we wanted to sell. Why? Well, he told me, the guy in charge of distressed loans in the region in question (let's call him "Joe") is looking for paper. Again, why? Joe, my salesperson proceeded to tell me, has been allocated $500 million to build prop positions in distressed emerging market loans. Now, not 10 minutes earlier, the tapes were snapping with the news that Bank of America is thirty-someodd billion short of capital in the stress-test adverse scenario. Band of America has received generous helpings of capital from the TARP and may wind up with more. What the heck is Merrill Lynch doing giving $500 million to some guy, no doubt with a 10% deal, to punt on distressed loans? And not merely distressed loans, distressed loans to foreign borrowers! How does this fit with the goals of the TARP? Wasn't the idea to stabilize the banking system, thereby protecting depositors and other creditors, and making sure credit would continue to be available for US households and corporates. How does it possibly serve a public purpose to have taxpayer money gambled on foreign loans by a guy on a deal? Not sure we have much to add.
Related: Bank of America - Merrill Lynch - Troubled Asset Relief Program - Hedge fund - Business Source: Dealbreaker | 8 May 2009 | 8:20 pm Breaking: AT&T Near $2 Billion Deal on Verizon's Alltel DivestituresThe situation is fluid.
Related: Alltel - Verizon - AT&T - VerizonWireless - My Circle Source: Dealbreaker | 8 May 2009 | 8:02 pm Presented By:Source: Dealbreaker | 8 May 2009 | 8:02 pm Trevor BishJones's click and mix approach to recruitmentFormer chief executive of Woolworths believes the recruitment website he cofounded has the potential to revolutionise the industry.Source: Telegraph Finance | 8 May 2009 | 8:00 pm Pond Sees 10-Year U.S. Note Yield at 4% by End of 2009Source: Bloomberg - All Podcasts | 8 May 2009 | 7:45 pm GMAC Flounders
U.S. Treasury Secretary Timothy Geithner said on Friday that the Obama administration will provide "substantial support" to troubled lender GMAC, a vital provider of financing for the domestic auto industry. Geithner: U.S. to give GMAC substantial support [Reuters]
Related: GMAC - United States - Timothy F. Geithner - United States Secretary of the Treasury - Business Source: Dealbreaker | 8 May 2009 | 7:41 pm 3000 Corus jobs under threat after consortium pulls out of contractGordon Brown to help Corus fight four companies after they ditch contract which could lead to closure of Teesside's last remaining steel plant.Source: Telegraph Finance | 8 May 2009 | 7:37 pm Oil hits near 6 month high as U.S. data spurs optimismNEW YORK (Reuters) - Oil rose more than 3 percent on Friday to touch a near six-month high as the results of the U.S. governments stress test for big banks and U.S. jobs data added to optimism about the economy.Source: Reuters: Business News | 8 May 2009 | 7:36 pm Hendler Discusses U.S. Bank Stress Tests, EconomySource: Bloomberg - All Podcasts | 8 May 2009 | 7:22 pm Is Google Really Worth $600? (GOOG)You know the market sentiment and the bull/bear tone has changed when you see research targets get this high. Google Inc. (NASDAQ: GOOG) is trading up over 3% today on positive broker research. Frankly, this looks like something for more weekend thought rather than something that was a new sudden great trade outside of the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 May 2009 | 7:11 pm Fannie Mae taps Treasury again after $23 billion lossNEW YORK (Reuters) - Fannie Mae, the largest provider of U.S. home mortgage funding, said on Friday it needs more capital from the U.S. Treasury after a $23.2 billion loss in the first quarter and warned government housing programs would cut deeper into its profitability.Source: Reuters: Business News | 8 May 2009 | 7:03 pm Fannie Mae taps Treasury again after $23 billion loss (Reuters)
Source: Yahoo! News: Business | 8 May 2009 | 7:03 pm Still stumped by FICO?The FICO score is still something many people don't fully understand. Tess Vigeland talks to MSN personal finance columnist Liz Pulliam Weston about where to find your score and how to avoid falling into marketing traps.Source: Marketplace Money | 8 May 2009 | 6:57 pm Understanding student loansHigh school grads heading to college face difficult decisions about how to pay for tuition and expenses. Many will turn to federal and private student loans. Lauren Asher of Project for Student Debt discusses the student loan process.Source: Marketplace Money | 8 May 2009 | 6:57 pm Getting PersonalTess Vigeland and economics editor Chris Farrell answer listeners' pressing questions about paying off mortgages by retirement, what to do when companies stop 401K contributions and how to choose a financial planner.Source: Marketplace Money | 8 May 2009 | 6:56 pm Investors willing to dive back into the frayPolicymaking efforts seem to be paying off as the rally across equity markets continues to gain steamSource: Financial Times - US homepage | 8 May 2009 | 6:55 pm Britain at risk of economic setback in 2010 warns Sushil WadhwaniSushil Wadhwani a former member of the Bank of England's Monetary Policy Committee MPC has warned against excessive optimism over economic recovery since Britain may suffer another setback next year.Source: Telegraph Finance | 8 May 2009 | 6:50 pm FTSE 100 hits record high for 2009London's leading shares are now in positive territory for 2009 as the growing bull market rally lifts prices.Source: Telegraph Finance | 8 May 2009 | 6:45 pm Wells Fargo, Morgan Stanley raise $15.5 billionWells Fargo & Co. and Morgan Stanley, ordered to increase capital after the U.S. stress tests, raised $15.5 billion in stock and bond sales today, the first banks to respond to the government's mandate.
Source: L.A. Times - Business | 8 May 2009 | 6:44 pm Update: 30-day financial makeoverLast week we introduced you to Gail George, one of our listeners who agreed to let us track her finances for 30 days. Gail checks in with Tess Vigeland for an update.Source: Marketplace Money | 8 May 2009 | 6:39 pm Anyone In The Market For A 200,000 Square Foot Bachelor Pad?Today's your lucky day! 'Cause as of last night, the guy who was supposed to buy the building currently inhabited by RBS Greenwich Capital (though they're moving people to the new place in Stamford like now) on Steamboat Road hadn't done anything about finalizing the purchase. Supposedly he may walk away from the $20 million deposit and then this baby can be yours. Apparently she's a fixer-upper (GC tenants say the place is "quite grubby after 14 years of packin 'em in," with bathrooms "reminiscent of the Port Authority") but there's 350 feet of dock space and a big ass parking lot for all the entertaining you'll be doing in the new pad. Interested buyers (and we can think of one very worthy one in particular) should contact General Re, or just go through us and we'll quote you a finder's fee.
Related: Port Authority - RBS Greenwich Capital - Stamford - Business - Transportation and Logistics Source: Dealbreaker | 8 May 2009 | 6:38 pm Funniest 10 Words All WeekTwitter pal @not_yet wins the prize for economy caption of the week. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 8 May 2009 | 6:37 pm Economics of U.S. Postage Stamp Price Hikes (FDX, UPS)Both FedEx Corporation (NYSE: FDX) and United Parcel Service, Inc. (NYSE: UPS) are likely watching government competition for next week. Starting on Monday, the price of most traditional mail will rise. This will have no impact on the larger packages and on freight/delivery for now at UPS and FedEx, but when the cost of one [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 May 2009 | 6:36 pm Is bigger actually better?Now that some large investment firms have been shuddered by the economic fallout, consumers have a tough choice: stay with a large firm or seek out a smaller, independent one. Bob Moon reports.Source: Marketplace Money | 8 May 2009 | 6:32 pm This Week’s LinksWhy did subprime lenders receive so much bailout money (Credit Writedowns)? Seeking Alpha has the top 5 quotes from Berkshire’s annual meeting. FreelanceSwitch on how to finish off projects with a bang. Consumerist on how debt collectors use a hot Facebook girl to track their subjects. (via WallStreetFighter) Esquire on the end of American car culture.
Source: Business Pundit | 8 May 2009 | 6:30 pm Labour's coldhearted treatment of Tata could be costly to UK tradeSource: Telegraph Finance | 8 May 2009 | 6:26 pm Talk of more fundraisings hits property stocksSource: Telegraph Finance | 8 May 2009 | 6:24 pm Bank of America to raise 17bn in equityBank of America BoA chief executive Ken Lewis criticised the rationale behind the US's financial stress tests which found the banking conglomerate needs to raise 33.9bn £22.4bn in extra capital but promised to comply with the US Treasury's stark findings as he announced plans to raise 17bn in new equity.Source: Telegraph Finance | 8 May 2009 | 6:21 pm Bank Of America: You're Getting A Huge Raise...Kidding!
After news reports several weeks ago that BofA would increase base salaries for investment bankers by as much as 70%, the bank put the plan on ice because of the negative press the plans garnered. Nonetheless, senior management in the Investment Bank and in Personnel have continually communicated their intention to push forward with a meaningful increase in base pay. Rumors of a pending salary increase continued and yesterday bankers checked Personnel Online and noticed a significant increase in base pay, seemingly indicating BAC had actually come through for once. Not so! *The new one being a modest increase in base pay that is in-line with a typical year-over-year increase in base pay, but not a significant increase that would signal a new approach to comp structure.
Related: Investment Bank - Bank of America - Bank - Business - Financial services Source: Dealbreaker | 8 May 2009 | 6:10 pm AIG shares up after lower loss but future uncertainNEW YORK (Reuters) - Shares of American International Group rose above $2 for a second day on Friday, on signs Chief Executive Ed Liddy is making progress on stemming the financial bleeding at the insurer rescued by a massive government bailout.Source: Reuters: Business News | 8 May 2009 | 6:06 pm Sinking in DetroitSeveral of you have called our Apology Line (202.371.1775.) to confess responsibility for helping drag down Detroit. The messages reflect a collective guilt of sorts for dwindling sales of U.S. cars and trucks from the Big Three. But the latest slew of news may not help assuage that guilt. Just a week after Chrysler was ushered into bankruptcy, GM seems poised for another round of deep job cuts to avert a trip to bankruptcy court of its own. And that comes as the Bureau of Labor and Statistics reports 29,100 automotive production-related jobs vanished in April, bringing the total number lost in the past year to 221,400. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 May 2009 | 6:05 pm 10 reasons to be cheerful about the economyTimes remain tough but low interest and mortgage rates and a possible turnaround in the UK housing market should give consumers hope.Source: Telegraph Finance | 8 May 2009 | 5:59 pm Financial advisers step up their gameInvestment firms are on the prowl for new customers. Those still in the green have the opportunity to snatch up new business after the downfall of companies like AIG. Andrea Gardner reports.Source: Marketplace Money | 8 May 2009 | 5:52 pm Money for exploration in budgetThe upcoming budget will include $20 million over three years to fund a seismic survey programme to encourage oil and gas exploration. The renewed survey programme will be run by Crown Minerals. "This work will increase data acquisition...Source: New Zealand Herald - Business | 8 May 2009 | 5:30 pm Victory Is Obama's!Fight the good fight, be prepared to lose. It was, no doubt, going to be an expensive and painful slog. We might add, though we love rooting for the underdog (except for Spitz, of course) the deck was stacked. All that pain for very little gain: Chrysler LLC's secured lenders that opposed the automaker's bankruptcy sale of assets to a company run by Fiat SpA are dropping their fight in the bankruptcy court case, a lawyer representing the group said. What is left to say? You can't fight City Hall? To the winner the spoils? Who is John Galt? Chrysler's Dissenting Lenders Give Up Fight Over Sale [Bloomberg]
Related: Chrysler - Fiat - White & Case - Auburn Hills Michigan - Chrysler LLC Source: Dealbreaker | 8 May 2009 | 5:23 pm Mandatory composting may come to SFSan Francisco wants to boost its high recycling rate, so it may become the first city to make composting and recycling mandatory. And there could be stiff penalties for those who don't comply. Caitlan Carroll reports.Source: Marketplace | 8 May 2009 | 5:15 pm Straight StoryTess Vigeland and economics editor Chris Farrell talk about the current state of the economic crisis and how it compares to financial crises of the past.Source: Marketplace Money | 8 May 2009 | 5:08 pm Few jobs in rural Wilcox CountyUnemployment continues to plague cities across the country. But Wilcox County, Ala. has suffered severely due to the closure of a large lumber mill. Now one in four residents can't find work. Tanya Ott reports.Source: Marketplace Money | 8 May 2009 | 5:08 pm How stressed banks affect youMany of the largest banks still don't get passing grades in U.S. government stress tests and must raise billions of dollars before they can pass. How does this affect the consumer? Reporter Jeremy Hobson has some answers.Source: Marketplace Money | 8 May 2009 | 5:08 pm Jobless and Searching Longer
From the Bureau of Labor Statistics As the number of unemployed Americans continues to climb, so does the length of time many are out of a job. The Bureau of Labor Statistics reports that 45.9 percent of unemployed workers this month have been idle for 15 weeks or more. That's up from 34.6 percent at this point last year. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 May 2009 | 5:07 pm Will electricity power cars of the future?The Department of Energy is pulling the plug on hydrogen fuel-cell research. So electricity and ethanol are jockeying for the top car-powering spot. Are more electric cars in our future? Jennifer Collins reports.Source: Marketplace | 8 May 2009 | 5:04 pm Big opportunities at White House dinnerThe White House Correspondents' Dinner is typically a huge fete for journalists. And this year it could be bigger than ever. As Steve Henn reports, it's also a chance to do a little business.Source: Marketplace | 8 May 2009 | 5:04 pm Weekly Wrap: Banks' stress test resultsReaction to the banks' stress test results wasn't as gloomy as some predicted. Kai Ryssdal speaks with ClusterStock.com's John Carney and the Wall Street Journal's Heidi Moore about the fallout from those tests.Source: Marketplace | 8 May 2009 | 5:04 pm China's soaking up whiskey marketThe whiskey business is doing pretty well thanks to soaring sales in emerging markets like China. Scott Tong reports from an industry show in Shanghai.Source: Marketplace | 8 May 2009 | 5:04 pm Cuomo targets debt settling companiesNew York State Attorney General Andrew Cuomo is launching an investigation into 14 debt settlement companies, which he calls a "rogue industry." Ashley Milne-Tyte reports.Source: Marketplace | 8 May 2009 | 5:04 pm Idle mill puts Alabama workers in limboThe American steel industry announced 5,000 layoffs, including suspending production at a mill in Alabama. That move is leaving 1,700 workers in limbo. Tanya Ott reports.Source: Marketplace | 8 May 2009 | 5:03 pm Why the pace of layoffs has slowedLast month's unemployment numbers are out, and they're not as bad as some experts expected. But half a million layoffs is still a whole lot of people. John Dimsdale reports.Source: Marketplace | 8 May 2009 | 5:03 pm Genworth shares slip after 1Q loss (AP)AP - Shares of Genworth Financial Inc. gave ground Friday, the day after the insurer reported a first-quarter loss largely due to subprime mortgage impairments and investment losses.Source: Yahoo! News: Business | 8 May 2009 | 5:00 pm Foerster Says Goldman `Had to Do What They Did to Survive'Source: Bloomberg - All Podcasts | 8 May 2009 | 4:56 pm On Wall Street: Beware of the sucker's rallyThe market is a cruel mistress indeed. Compounding the pain of big swoons, it kicks investors when they are down by luring them into sucker's rallies, writes Spencer JakabSource: Financial Times - US homepage | 8 May 2009 | 4:42 pm Small talk: Rewards, lawns, readingMarketplace's Brendan Newnam and Rico Gagliano chat with fellow staffers about their favorite under-the-radar business stories from this week: a surge in criminal rewards, lawn paint for foreclosed homes, and how reading is becoming more expensive.Source: Marketplace | 8 May 2009 | 4:34 pm Tax system scrutinyA tax working group comprising of officials, private sector and academic experts has been set up to look at medium-term policy options for the taxation system. Finance Minister Bill English and Revenue Minister Peter Dunne said...Source: New Zealand Herald - Business | 8 May 2009 | 4:30 pm Wachovia's Bryson Sees 10% or Higher U.S. UnemploymentSource: Bloomberg - All Podcasts | 8 May 2009 | 4:19 pm Baker Hughes Files New $2 Billion Shelf Registration (BHI)Baker Hughes Inc. (NYSE: BHI) has just filed a new shelf registration statement with the SEC to sell up to $2 billion in mixed securities. As with most shelf registrations, no underwriters were named and no terms were set. The “up to $2 billion” can be any combination of common stock, preferred stock, debt securities, and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 May 2009 | 4:18 pm Man Utd signs Indian phone dealManchester United signs a £10m sponsorship deal with India's largest mobile phone network Airtel.Source: BBC News | Business | World Edition | 8 May 2009 | 4:13 pm No easy ridePain of recession makes Irish turn to Europe againSource: BBC News | Business | World Edition | 8 May 2009 | 4:12 pm FTSE 100 stocks rise (AFP)
Source: Yahoo! News: Stock Markets News | 8 May 2009 | 4:12 pm Colour it greenWhen Roz Savage dips her oars into the Pacific Ocean on May 24 and steers her 7m rowboat west from Honolulu on the second leg of her bid to be the first woman to row solo across the world's largest ocean, she will be hoping for more,...Source: New Zealand Herald - Business | 8 May 2009 | 4:00 pm How your KiwiSaver billions are dividedDespite excruciating headlines about the freezing of its two credit-crunched investment funds, ING, offspring of the Dutch financial behemoth, remains the most popular KiwiSaver provider in the land. As angry investors braved the...Source: New Zealand Herald - Business | 8 May 2009 | 4:00 pm Investors say trust should be sellingAnalysts and investors were yesterday shocked at AMP NZ Office Trust's $201 million call for cash, saying the listed landlord should have sold some buildings before raising new money. Craig Tyson, investment manager of ING (NZ),...Source: New Zealand Herald - Business | 8 May 2009 | 4:00 pm GM loses $10b in just 3 monthsGeneral Motors lost US$6 billion ($10.1 billion) in the first quarter and its revenue fell by nearly half as car buyers worldwide steered clear of showrooms out of fear that the wounded giant may go bankrupt and stop honouring its...Source: New Zealand Herald - Business | 8 May 2009 | 4:00 pm Brian Gaynor : Cost of funding lets Australian banks off hookThe banks' reluctance to reduce their interest rates in response to the latest cut in the official Reserve Bank rate has created great controversy. It raises two important questions: Are the Australian-owned banks gouging their...Source: New Zealand Herald - Business | 8 May 2009 | 4:00 pm NZX takes grab at Australian footholdWhile its bid to set up a low-cost rival to the ASX still faces frustrating delays, New Zealand sharemarket operator NZX is making a grab for small Australian market company NSX which possesses two elusive market licences. If it...Source: New Zealand Herald - Business | 8 May 2009 | 4:00 pm Stress tests show banks need to raise $125 billionThe Federal Reserve determined that 10 US banks need to raise a total of US$74.6 billion ($125.9 billion) in capital, a finding that chairman Ben Bernanke said should reassure investors about the soundness of the financial system. The...Source: New Zealand Herald - Business | 8 May 2009 | 4:00 pm Bank of England pumps up volumeThe Bank of England yesterday decided the financial crisis in Britain remains so serious that it can't afford to stop printing money. Just halfway through a £75 billion ($190 billion) quantitative easing programme the bank...Source: New Zealand Herald - Business | 8 May 2009 | 4:00 pm SEC chief backs 'systemic risk council' idea (AP)AP - The head of the Securities and Exchange Commission said Friday she favors a new proposal for federal regulators sharing oversight of companies that pose financial risks to the economy.Source: Yahoo! News: Stock Markets News | 8 May 2009 | 3:52 pm This Week’s Weird Jobs
1. Orlando: In need of a Surgical Externship (Free Help) Surgical Technology student, that has accomplished many tasks while in school is need of a externship site. I am bilingual, eager to learn, and familiar with medical offices and excellent patient care. I am hands on, and a quick learner. Please give a student a chance. Would like a multi-specialty office with surgeons that I would be able to assist in pre, intra and post operative care. * Compensation: 2 months of free help I’m not sure whether to admire this person for their creativity–re-branding an externship as “free help”–or to feel sad that they’re offering themselves up like that. Serious Inquires Only - Leave your name,contact number,time of availability. All Shot Girls must use uniforms - bikinis and heels…. Some uniform. 3. Las Vegas: Need some macho-men to unload a moving truck We need 2 guys to unload boxes and furniture from a moving truck into guest house. I’ll be happy to provide some cool beverages. Thanks!! =) Bushy mustaches, sculpted biceps, and distinctive resemblance to Magnum, P.I.-era Tom Selleck preferred. 4. Nebraska: Social Network Website Promoter We are a company that is expanding to Lincoln. We are looking for people to promote our social website to others at Lincoln’s finest clubs, bars and the University. What we are talking about is the next generation of social networking platform that lets someone create a profile similar to other social networks, except this technology allows you (the promoter), to make money by getting people to give our site a try. ABSOLUTELY FREE TO SIGN-UP! This job sounded legitimate until I read that last, blaring sentence. iam in need of a hansyman for a day to help move in beds and put them together. Does he just misspell handyman, or does using “hansy man” in the same sentence as “beds” mean something more sinister? Happy Friday!
Source: Business Pundit | 8 May 2009 | 3:39 pm Sonic Auto 1Q profit slumps, tops estimates (AP)AP - Automotive retailer Sonic Automotive Inc. said profit tumbled 87 percent in the first quarter as new and used car sales fell and the company took an expense for debt restructuring. But the results still beat analysts' expectations.Source: Yahoo! News: Business | 8 May 2009 | 3:08 pm Jobless Rate Hits 8.9 Percent.Unemployment climbed again in April, from 8.5 percent to 8.9. The rate has risen 3.9 percent over the past year. For you watchers of U-6, the broadest measure of unemployment went up .2 percent to 15.8. Unemployment's generally a lagging indicator, meaning we'll likely see the overall economy improve before businesses start hiring again. Fed chairman Ben Bernanke warned Congress as much this week. Unemployment RatePercent of U.S. workers age 16 and older » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 May 2009 | 3:04 pm Obama's secret: Muppets, motherhood and apple pieThe first lady is key to the political mystery that is torturing the Republican party: how the unabashedly liberal Barack Obama is strongly trusted by an American public that is less so, writes Chrystia FreelandSource: Financial Times - US homepage | 8 May 2009 | 3:02 pm Williams, Other Services Companies in Venezuela’s Sights (WMB, HAL, SLB, BJS, BHI)The Venezuelan government passed a law permitting the nationalization of oil field services companies, compensating companies for expropriating assets by issuing bonds instead of paying with cash. The law could even lead to the annulment of existing contracts. Williams Companies (NYSE:WMB) appears to be the first target, and Halliburton Company (NYSE:HAL), Schlumberger Ltd. (NYSE:SLB), BJ [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 May 2009 | 2:55 pm Car SickCash-for-clunkers deals will boost sales. And mindless manufacturing. By Matthew DeBord of The Big Money After some legislative back-and-forth, it looks as if America will finally get a “cash for clunkers” program. The proposal making its way through Congress would give buyers a $4,500 incentive to trade in older cars for new vehicles that offer better gas [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 May 2009 | 2:21 pm Fannie Mae asks Treasury for aidUS mortgage finance firm Fannie Mae asks the Treasury for $19bn (£12.6bn) in aid, as it announces a loss for the first quarter.Source: BBC News | Business | World Edition | 8 May 2009 | 2:11 pm Obama's Budget Cuts Don't Add Up (To Much)I love this video, showing how much $100 million is compared to the US government budget. BTW, it's roughly comparable to how much those AIG bonuses are compared to the size of the economic crisis. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 May 2009 | 1:34 pm Dendreon Takes In More Than $200 Million in New Cash (DNDN)Dendreon Corporation (NASDAQ: DNDN) is selling stock to raise cash. The company has announced a spot secondary offering of 10.7 million shares in a public secondary offering of common stock. This comes on the heels of an exponential stock gain, even after insiders unloaded enough stock to secure millionaire statuses for quite some time. Deutsche Bank [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 May 2009 | 1:32 pm Pace of US job losses is slowingThe US economy lost 539,000 jobs in April, less than in previous months, in a sign that the US jobs market might be improving.Source: BBC News | Business | World Edition | 8 May 2009 | 1:24 pm E*TRADE Raising $150 Million in Capital (ETFC)E*TRADE Financial Corporation (NASDAQ: ETFC) has just filed with the SEC to sell up to $150 million worth of common stock. J.P.Morgan was listed as the distribution agent, and shares may either be sold directly to them or into the open market. The shares are being sold under the existing shelf registration from April 17, 2009, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 May 2009 | 1:08 pm Is Energy Conversion Devices Finally a Buy? (ENER, FSLR, TAN)The solar power business has had its ups and downs, with the downs prevailing lately. Even meeting the modest EPS expectation of $0.09 for the current quarter might be challenging for Energy Conversion Devices, Inc. (NASDAQ: ENER). With the exception of solar sector leader First Solar Inc. (NASDAQ:FSLR), most of the solar players have been [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 May 2009 | 12:53 pm When 8.9% Unemployment Starts Sounding GoodThe Labor Department has posted the unemployment rate and nonfarm payrolls data from April. The official government unemployment rate was 8.9%, up from 8.5% in March. The change in nonfarm payrolls came in at -539,000 , down from -663,000 in March. We had estimates from Bloomberg yesterday at -630,000 for this month, but there was starting [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 May 2009 | 12:32 pm More Green Sprouts Grow In Hamburger: McDonald’s SalesMcDonald’s (MCD) added to the list of pleasant surprises from April economic activity. The world’s largest fast food company’s global comparable sales rose 6.9% in April, marking the 72nd consecutive monthly increase. The fastest growing region was Europe where the firm posted a gain of 8.4%. Douglas A. McIntyre Posted in Food Tagged: MCD [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 May 2009 | 12:20 pm Israel's Clean Technology Pioneers (BusinessWeek Online)BusinessWeek Online - Yavne, a hazy industrial corridor in central Israel, seems at first glance an improbable haven for geothermal technology. Its largely barren environs offer no geysers or volcanoes, the essential raw materials for geothermal energy. Yet this small city of 32,000 is home to Ormat Technologies , a $2 billion multinational listed on the New York Stock Exchange that builds geothermal power plants around the world, from Colorado to Kenya.Source: Yahoo! News: Stock Markets News | 8 May 2009 | 12:08 pm Commerzbank unveils more lossesGermany's Commerzbank reports further losses as it struggles to recover from the impact of the global financial crisis.Source: BBC News | Business | World Edition | 8 May 2009 | 12:05 pm 2009 Version of a Bull Market
Source: Business Pundit | 8 May 2009 | 11:55 am World stocks up after US bank test; jobs data eyed (AP)
Source: Yahoo! News: Business | 8 May 2009 | 11:44 am World stocks up after US bank test; jobs data eyed (AP)
Source: Yahoo! News: Stock Markets News | 8 May 2009 | 11:44 am Oil prices jump above $57 (AFP)
Source: Yahoo! News: Stock Markets News | 8 May 2009 | 11:29 am Scrappage boost for Nissan jobsThe Nissan factory in Sunderland is recruiting 150 new staff as the scrappage scheme spurs demand for new cars.Source: BBC News | Business | World Edition | 8 May 2009 | 11:01 am European stocks rally after 'stress tests' (AFP)
Source: Yahoo! News: Stock Markets News | 8 May 2009 | 10:55 am
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