Chrysler-Fiat to Supreme Court

An appeals court Friday upheld Chrysler LLC's plan to exit bankruptcy.
Source: Business and financial news - CNNMoney.com | 7 Jun 2009 | 2:46 pm

Retailer Arcandor in last-ditch talks with rival (AFP)

A man removes the logo of Arcandor after a press conference in Duesseldorf. Stricken German retail giant Arcandor held crunch tie-up talks with a rival firm as reports said that the majority owner of Thomas Cook could file for insolvency imminently.(AFP/DDP/File/Volker Hartmann)AFP - Stricken German retail giant Arcandor held crunch tie-up talks with a rival firm on Sunday as reports said that the majority owner of Thomas Cook could file for insolvency imminently.



Source: Yahoo! News: Business | 7 Jun 2009 | 2:46 pm

Mugabe takes helm of Africa's main trade bloc

Zimbabwe President Robert Mugabe on Sunday took over the helm of Africa's main trading bloc as his country seeks to emerge from an economic meltdown. "History is replete with examples...
Source: RSS feed - channel BNewsBusiness | 7 Jun 2009 | 2:23 pm

Sony (SNE) Will Have To Sell Its Studio Business, Could Get $6 Billion

Sony (SNE) is in trouble, and it is very deep trouble. For the fiscal year ending March 31, the conglomerate lost over $1 billion on $79 billion in revenue. Sales were down by over 12% Nearly every segment of Sony’s business did poorly. Revenue in its huge electronics division dropped 17%. The LCD TVs, PCs, and [...]

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Source: 24/7 Wall Street | 7 Jun 2009 | 2:18 pm

Gas prices above $2.60

Gas prices continue to surge nationwide, and are now up more than 27% in the past seven and a half weeks.
Source: Business and financial news - CNNMoney.com | 7 Jun 2009 | 1:58 pm

Can the stock market rally continue?

Stocks have been on the best three-month tear since 1982 -- and there's little in the week ahead to interrupt the flow.
Source: Business and financial news - CNNMoney.com | 7 Jun 2009 | 1:45 pm

How to avoid the next big financial crisis

The Obama administration plans to release updated details in the coming weeks to guide Congress on the best way to reshape the nation's financial regulatory system and prevent future collapses.
Source: Business and financial news - CNNMoney.com | 7 Jun 2009 | 1:41 pm

Chrysler fight goes to U.S. Supreme Court: Journal

Chrysler's sale is being challenged in an emergency appeal to the U.S. Supreme Court by a group of Indiana pension funds that argue that the sale is unconstitutional, The Wall Street Journal reports.



Source: MarketWatch.com - Top Stories | 7 Jun 2009 | 1:40 pm

Airline execs say industry outlook still grim

KUALA LUMPUR (Reuters) - Demand for air travel could decline further despite signs of a more stable global economy, and prospects of a recovery this year look slim, industry executives said at a meeting of the world's airlines on Sunday.

Source: Reuters: Business News | 7 Jun 2009 | 1:35 pm

Iraq to award foreign oil contracts late June

Iraq will at the end of June announce which major foreign oil companies have been awarded new contracts to work in the country, a government spokesman said on Sunday. The deals will be...
Source: RSS feed - channel BNewsBusiness | 7 Jun 2009 | 1:31 pm

Economy Worries, Hard Realities

I am worried.  This is not an unusual state for me, as friends and colleagues will agree.  Often, my worries can be assuaged by thoughtful preparation or action.  The worries of these days have left me in a state of paralysis. Every day I speak to dozens of people, professionally or socially or just out in [...]

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Source: 24/7 Wall Street | 7 Jun 2009 | 1:20 pm

Israel Stocks: Israel stocks rise; group said to mull Partner bid

Israeli stocks rise, led by strength in Teva Pharmaceutical, Partner Communications, and the real estate companies.



Source: MarketWatch.com - Top Stories | 7 Jun 2009 | 1:13 pm

NewsWatch: Stock rally could get a June boost

With a much better-than-expected jobs report under its belt, the market might forge ahead next week, a fairly light one in terms of economic and corporate news.



Source: MarketWatch.com - Top Stories | 7 Jun 2009 | 1:00 pm

Buffalo crash opens window into pilots' life

Long-suffering pilots for commuter airlines say it's about time that Washington and passengers alike pay attention to the cockpit, where pilots may be exhausted, under-trained _ and paid...
Source: RSS feed - channel BNewsBusiness | 7 Jun 2009 | 12:51 pm

SCENARIOS-U.S. health care overhaul on fast track

WASHINGTON, June 7 (Reuters) - President Barack Obama has said he wants the U.S. Congress to deliver to him a sweeping overhaul of the $2.5 trillion U.S. health care system by October, arguing it would...
Source: RSS feed - channel BNewsBusiness | 7 Jun 2009 | 12:01 pm

Hornby in talks on top Boots job

High Street chemist Alliance Boots says ex-HBOS boss Andy Hornby is among the runners for the post of chief executive.
Source: BBC News | Business | World Edition | 7 Jun 2009 | 11:45 am

China influence to grow faster than most expect: Soros

SHANGHAI (Reuters) - Financier George Soros said on Sunday that China's global influence is set to grow faster than most people expect, with its isolation from the global financial system and a heavy state role in banking aiding a relatively swift economic recovery.

Source: Reuters: Business News | 7 Jun 2009 | 11:44 am

China influence to grow faster than most expect: Soros

SHANGHAI (Reuters) - Financier George Soros said on Sunday that China's global influence is set to grow faster than most people expect, with its isolation from the global financial system...
Source: RSS feed - channel BNewsBusiness | 7 Jun 2009 | 11:44 am

Could US Debt Reach 100% Of GDP?

Bill Gross, the chief investment officer of bond management firm Pimco, makes the case in a letter to investors that the US national debt could easily reach 100% of GDP, perhaps as quickly as in five year. His calculations are that the Treasury would have to pay 5% or 6% on the national debt to attract [...]

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Source: 24/7 Wall Street | 7 Jun 2009 | 11:44 am

Supreme Court asked to delay Chrysler sale

WASHINGTON (Reuters) - Indiana pension funds asked the Supreme Court on Sunday to immediately delay the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal.

Source: Reuters: Business News | 7 Jun 2009 | 11:39 am

The Unusual Suspects (X, BRK-A, BNI, NFLD, INTC, WIND, AAPL, PALM, NVAX)

There were several unusual occurrences at the end of the week and some we saw over the weekend screenings for items missed during the week.  These will also be among some of the top issues for Monday and Tuesday of this week: It looks like someone made a rather large bet that U.S. Steel (NYSE: X) [...]

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Source: 24/7 Wall Street | 7 Jun 2009 | 11:31 am

German retailer Arcandor in talks with rival Metro

Stricken German retail giant Arcandor held talks Sunday with rival Metro over a possible merger of their department store chains, after hopes of government aid looked dim, an Arcandor...
Source: RSS feed - channel BNewsBusiness | 7 Jun 2009 | 11:28 am

Sugar 'must choose' between jobs

The Tories say Sir Alan Sugar must choose between his role on The Apprentice and becoming an adviser to Gordon Brown.
Source: BBC News | Business | World Edition | 7 Jun 2009 | 11:19 am

Lebanon votes, choosing pro-West or Hezbollah

Lebanon went to the polls on Sunday, with voters facing a choice between the current pro-Western government and an alliance led by the Iranian-backed Islamist group Hezbollah, media reports say.



Source: MarketWatch.com - Top Stories | 7 Jun 2009 | 10:52 am

Airline industry outlook still grim: execs

KUALA LUMPUR (Reuters) - Demand for air travel could decline further despite signs of a more stable global economy, and prospects of a recovery this year look slim, industry executives said
Source: RSS feed - channel BNewsBusiness | 7 Jun 2009 | 10:13 am

Investors ask US top court to delay Chrysler sale

Indiana pension funds asked the US Supreme Court on Sunday to immediately delay the sale of bankrupt automaker Chrysler to a group led by Italian carmaker Fiat while they challenge the deal
Source: Financial Times - US homepage | 7 Jun 2009 | 10:00 am

Cairo-based Citadel wins Libyan gas grid contract

DUBAI, June 7 (Reuters) - Cairo-based private equity firm Citadel Capital has been awarded an 118 million euro ($167.2 million) contract to develop a local gas distribution network in Libya, the company...
Source: RSS feed - channel BNewsBusiness | 7 Jun 2009 | 9:51 am

Obama remembers D-Day landings

President Barack Obama paid tribute to those who took part in the D-Day landings in Normandy, saying their bravery during the allied invasion of France during the second world war changed the course of a century
Source: Financial Times - US homepage | 7 Jun 2009 | 9:41 am

Cairns Group meets on agriculture, Doha trade round

NUSA DUA, Indonesia (Reuters) - Nineteen leading agricultural exporting nations, including Australia, Brazil and South Africa, kicked off talks in Bali on Sunday aimed at pushing forward troubled world trade negotiations.

Source: Reuters: Business News | 7 Jun 2009 | 9:12 am

UPDATE 1-Bain Capital agrees to buy into China's GOME -source

* Ex-chairman Huang will remain as No.1 shareholder (Adds Chinese newspaper report, details and background)
Source: RSS feed - channel BNewsBusiness | 7 Jun 2009 | 8:39 am

UPDATE 1-Bain Capital agrees to buy into China's GOME -source

* Ex-chairman Huang will remain as No.1 shareholder (Adds Chinese newspaper report, details and background)
Source: RSS feed - channel BNewsBusiness | 7 Jun 2009 | 8:39 am

Court asked to stop Chrysler sale

A group of Indiana pension funds opposed to Chrysler's sale to Fiat files an emergency appeal with the US Supreme Court.
Source: BBC News | Business | World Edition | 7 Jun 2009 | 8:28 am

Chrysler creditors ask US Supreme Court to delay sale

Creditors of the bankrupt car manufacturer Chrysler LCC have asked the U.S. Supreme Court to delay the sale of the company's assets to a group led by Italian carmaker Fiat SpA.


Source: Latest Business News from Times Online | 7 Jun 2009 | 8:09 am

Student loans: Stafford is a good bet

What do you do if the 2008 stock market plunge ravaged your child's college account and you don't have time to build it back up? It may be time to figure out a borrowing plan.



Source: L.A. Times - Business | 7 Jun 2009 | 7:00 am

Trapped: It's hard to get a job if your credit is bad

If you're unemployed, falling behind on bills can make it tougher to find work Dan Denton is stuck in a vicious...
Source: RSS feed - channel BNPaperBusiness | 7 Jun 2009 | 7:00 am

Time Warner Cable gets a bum rap on the Web

Tweets and blog posts illustrate how easily bogus information can be passed off as legitimate online -- and how quickly the brush fire can spread across the electronic ether.

It was the sort of tip that would have made for a great column -- if it were true.



Source: L.A. Times - Business | 7 Jun 2009 | 7:00 am

Student loans: Stafford is a good bet

What do you do if the 2008 stock market plunge ravaged your child's college account and you don't have time to build it back up? It may be time to figure out a borrowing plan.
Source: RSS feed - channel BNPaperBusiness | 7 Jun 2009 | 7:00 am

Time Warner Cable gets a bum rap on the Web

Tweets and blog posts illustrate how easily bogus information can be passed off as legitimate online -- and how quickly the brush fire can spread across the electronic ether. ...
Source: RSS feed - channel BNPaperBusiness | 7 Jun 2009 | 7:00 am

Association presidents are meeting behind closed doors

Question: Our common-interest development has several incorporated associations within it. There is a separate master association, which manages all of our recreational facilities, security and maintenance...
Source: RSS feed - channel BNPaperBusiness | 7 Jun 2009 | 7:00 am

Don't reduce your property insurance coverage to reflect lower home values

Experts say it costs more to rebuild than it does to start from scratch, so the market value of a house doesn't indicate the amount of insurance you need.

There are a number of steps every homeowner should take to lower the cost of property insurance. But reducing the amount of coverage to match today's lower values is probably not one of them.



Source: L.A. Times - Business | 7 Jun 2009 | 7:00 am

Legoland expands its offerings

LegoLand in Carlsbad has a number of new attractions this summer, including a shark exhibit and an adventure slide.
Source: RSS feed - channel BNPaperBusiness | 7 Jun 2009 | 7:00 am

Refinancing midway through 30-year mortgage may not pay off

The benefits of refinancing wane the longer you've been paying down the loan. An example: Refinancing an original mortgage of $200,000 could cost you more than $60,000 in additional interest.

Dear Liz: Is there any downside to refinancing? I have 15 years to go on a 30-year fixed-rate mortgage at 6.625%. I'd like to take advantage of today's lower rates, but the only way I could lower my payment substantially would be to switch to another 30-year mortgage. We crunched the numbers for a 15-year mortgage, but the payment would be about the same.



Source: L.A. Times - Business | 7 Jun 2009 | 7:00 am

Home buyers' tax credit can be turned into cash at closing

Buyers who use FHA financing soon will be able to use their $8,000 tax credits for settlement fees, escrow charges, higher down payments or to "buy down" the interest rate. ...
Source: RSS feed - channel BNPaperBusiness | 7 Jun 2009 | 7:00 am

Trapped: It's hard to get a job if your credit is bad

If you're unemployed, falling behind on bills can make it tougher to find work

Dan Denton is stuck in a vicious cycle: He's behind on his bills after losing his job. But lousy credit is spoiling his chances of finding new employment.



Source: L.A. Times - Business | 7 Jun 2009 | 7:00 am

Refinancing midway through 30-year mortgage may not pay off

The benefits of refinancing wane the longer you've been paying down the loan. An example: Refinancing an original mortgage of $200,000 could cost you more than $60,000 in additional interest. ...
Source: RSS feed - channel BNPaperBusiness | 7 Jun 2009 | 7:00 am

Private insurers are like wolves guarding the henhouse

Re: " Medical bills tied to more bankruptcies ," June 4:



Source: L.A. Times - Business | 7 Jun 2009 | 7:00 am

Private insurers are like wolves guarding the henhouse

Re: " Medical bills tied to more bankruptcies ," June 4:
Source: RSS feed - channel BNPaperBusiness | 7 Jun 2009 | 7:00 am

At Pink's hot dog stand in Hollywood, keeping it in the family

Richard Pink and his wife and sister don't plan to franchise the nearly 70-year-old landmark, a big celebrity and tourist draw. They'll stick to its original location at La Brea and Melrose.

The gig: Co-owners of the Pink's hot dog stand. Richard Pink, 65, his sister, Beverly Pink Wolfe, and his wife, Gloria Pink, inherited the stand near the corner of Melrose Avenue and La Brea Boulevard in Hollywood from Richard and Beverly's parents. Richard Pink, a real estate lawyer for ING Real Estate, holds the title of president. His wife oversees operations and promotions. The family took the business from a humble pushcart in a weed-choked lot to a Hollywood landmark.



Source: L.A. Times - Business | 7 Jun 2009 | 7:00 am

Don't reduce your property insurance coverage to reflect lower home values

Experts say it costs more to rebuild than it does to start from scratch, so the market value of a house doesn't indicate the amount of insurance you need. ...
Source: RSS feed - channel BNPaperBusiness | 7 Jun 2009 | 7:00 am

Home buyers' tax credit can be turned into cash at closing

Buyers who use FHA financing soon will be able to use their $8,000 tax credits for settlement fees, escrow charges, higher down payments or to "buy down" the interest rate.

The Obama administration has put out the official word: Starting soon, first-time home buyers nationwide will be able to turn their $8,000 federal tax credits into cash for use at closing if they use Federal Housing Administration mortgage financing.



Source: L.A. Times - Business | 7 Jun 2009 | 7:00 am

Association presidents are meeting behind closed doors

Question: Our common-interest development has several incorporated associations within it. There is a separate master association, which manages all of our recreational facilities, security and maintenance including streets and utilities.



Source: L.A. Times - Business | 7 Jun 2009 | 7:00 am

Legoland expands its offerings

LegoLand in Carlsbad has a number of new attractions this summer, including a shark exhibit and an adventure slide.



Source: L.A. Times - Business | 7 Jun 2009 | 7:00 am

At Pink's hot dog stand in Hollywood, keeping it in the family

Richard Pink and his wife and sister don't plan to franchise the nearly 70-year-old landmark, a big celebrity and tourist draw. They'll stick to its original location at La Brea and Melrose. ...
Source: RSS feed - channel BNPaperBusiness | 7 Jun 2009 | 7:00 am

Economic Preview: Consumers perking up, but spending's still limited

With stock prices rising and job losses slowing, consumers have perked up. But they’re not getting carried away.



Source: MarketWatch.com - Top Stories | 7 Jun 2009 | 4:01 am

Reserve Bank facing challenging decision

The Reserve Bank of New Zealand (RBNZ) is uncomfortable with the level of the New Zealand dollar and longer-term fixed interest rates, economists believe. But the question is what will it do about it other than jaw boning in its...
Source: New Zealand Herald - Business | 7 Jun 2009 | 2:30 am

Canadians angered over "Buy American" rule

WHISTLER, British Columbia (Reuters) - Canadian municipal leaders threatened to retaliate against the "Buy America" movement in the United States on Saturday, warning trade restrictions will hurt both countries' economies.

Source: Reuters: Business News | 7 Jun 2009 | 2:19 am

Fans gather for launch of 'iPhone killer' Palm Pre

NEW YORK/CHICAGO (Reuters) - Small crowds gathered on Saturday for the official launch of Pre, the smartphone seen as Palm Inc's best chance to claw back market share from Apple Inc's iPhone and Research In Motion Ltd's Blackberry.

Source: Reuters: Business News | 7 Jun 2009 | 1:24 am

Report predicts pain for Scotland

Economists at Ernst & Young say it will take until 2017 for Scotland to return to 2008 levels of employment.
Source: BBC News | Business | World Edition | 7 Jun 2009 | 12:27 am

The lending tap won't open for some time

With so much going on in politics, the economy has benefited from being out of the spotlight. Not only have the figures been a lot stronger than expected but, until it hit some political turbulence of its own towards the end of last week, sterling had rallied significantly.


Source: Latest Business News from Times Online | 7 Jun 2009 | 12:00 am

The retailer John Lewis fears most

Which rival does the boss of John Lewis fear most? Could it be Tesco? Is it Debenhams? Or perhaps House of Fraser?


Source: Latest Business News from Times Online | 7 Jun 2009 | 12:00 am

Is this the turning point?

Most people walking past a former pub in Henley-o -Thames, Oxfordshire, do not realise they are close to one of the nerve centres of the global economy.
Source: Latest Business News from Times Online | 7 Jun 2009 | 12:00 am

Mr Subprime could not stop being toxic

Wall Street: In the spring of 2006, few had heard of a subprime mortgage, Iceland still had an economy and the term “toxic asset” conjured up images of Britney Spears. How things change. A trawl through the world’s leading newspapers on Factiva, an archive service, turns up no mentions of “toxic assets” that spring. In the following three years, the term turned up 2,887 times.


Source: Latest Business News from Times Online | 7 Jun 2009 | 12:00 am

Ashley draws up bonus plan for Sports Direct staff

MIKE ASHLEY is drawing up plans for a controversial £50m bonus scheme that could see more than 2,000 staff at his Sports Direct retail chain bag one-year’s salary in free shares.


Source: Latest Business News from Times Online | 7 Jun 2009 | 12:00 am

Royal Mail in threat to axe pension fund

THE chairman of Royal Mail says he is ready to close the group’s final-salary pension scheme, one of the largest of its kind in Britain, if plans to part-privatise Royal Mail fail.


Source: Latest Business News from Times Online | 7 Jun 2009 | 12:00 am

How Rio dumped its China deal

A few hours after he was presented to Rio Tinto shareholders at their annual meeting in April, Jan du Plessis, the mining group’s new chairman, slipped away for a secret meeting with a rival.


Source: Latest Business News from Times Online | 7 Jun 2009 | 12:00 am

Michael Grade, ITV Executive Chairman

The executive chairman of ITV is searching for the right words – he is not usually short of them. “It was,” says Michael Grade, “the most visible apotheosis of two-and-a-half years of incredible hard work to bring this network round.”
Source: Latest Business News from Times Online | 7 Jun 2009 | 12:00 am

Setanta switch off is looming

SETANTA, the sports broadcaster, is on the brink of collapse this weekend as it struggles to agree a rescue plan with rights holders and investors.


Source: Latest Business News from Times Online | 7 Jun 2009 | 12:00 am

Bumper year makes Graham Norton so... rich

The comedian and chat show host has collected more than £500000 in fees and dividends following another bumper year at So Television his production company.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Jun 2009 | 11:06 pm

Boutique hotels company Firmdale sees profits slump

The company behind London boutique hotels such as the Charlotte Street Hotel and the Covent Garden Hotel has seen pretax profits slump in the wake of the downturn.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Jun 2009 | 11:03 pm

Mervyn King battles for control of his court

The Bank of England has reformed its upper chamber but how much difference will this make?
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Jun 2009 | 10:59 pm

Mandelson to overhaul export finance unit

Lord Mandelson has written to the Chancellor and the Prime Minister to set out a radical overhaul of the Government's £65bn export insurance arm.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Jun 2009 | 10:57 pm

Shoppers scarce on the ground during May

High street sales fell in the fifth month of the calendar year as shoppers continued to rein in their spending figures will show this week.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Jun 2009 | 10:55 pm

Hedge fund index jumps highest since 2000

The hedge fund industry bounced back with one of its strongest performances in nearly a decade in the month of May.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Jun 2009 | 10:53 pm

Great Portland Estates risks row over bonuses

Great Portland Estates has risked a rewardsforfailure row after awarding its chief executive a £400000 bonus.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Jun 2009 | 10:52 pm

Carphone Warehouse founder David Ross buys out US bank

The British entrepreneur has bought out Morgan Stanley from his £185m commercial property joint venture property group Kandahar.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Jun 2009 | 10:48 pm

Advisers put on standby for ailing West Bromwich

The Treasury has put senior advisers on "standby" this weekend for a statebacked rescue of the struggling West Bromwich Building Society.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Jun 2009 | 10:47 pm

Bob Wigley to advise Advent on deals

The former chairman of Merrill Lynch's European operations is to identify investment opportunities across the financial services industry.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Jun 2009 | 10:46 pm

Jobs may spark move in Apple shares on Monday

SAN FRANCISCO (Reuters) - A surprise appearance by Apple Inc Chief Executive Steve Jobs at the company's annual developer conference could boost its stock on Monday, but his absence might trigger a bigger move in the other direction.

Source: Reuters: Business News | 6 Jun 2009 | 9:17 pm

9 muscle cars we'd miss


Source: Business and financial news - CNNMoney.com | 6 Jun 2009 | 9:15 pm

NewsWatch: Stock rally could get a June boost

With a much better-than-expected jobs report under its belt, the market might forge ahead next week, a fairly light one in terms of economic and corporate news.



Source: MarketWatch.com - Top Stories | 6 Jun 2009 | 9:00 pm

Michigan shuts 8 prisons to save $120M

Michigan officials said Friday that the state is closing three prisons and five prison camps in hopes of narrowing a $1.4 billion budget gap for fiscal 2010.
Source: Business and financial news - CNNMoney.com | 6 Jun 2009 | 6:21 pm

U.S. bailout repayment seen bigger than expected: report

WASHINGTON (Reuters) - The Obama administration is expected to announce next week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the Washington Post reported in its Saturday edition.

Source: Reuters: Business News | 6 Jun 2009 | 6:10 pm

Palm Pre, Short Supply, Sell-Outs Not All Instant (PALM, S, AAPL, RIMM, BBY)

This morning marked the awaited launch of the Pre smart phone from Palm Inc. (NASDAQ: PALM) under an exclusivity carrier pact wit Sprint Nextel Corp. (NYSE: S).  We think this will offer some competition to Apple Inc. (NASDAQ: AAPL) for the iPhone and some for Research in Motion Ltd. (NASDAQ: RIMM), but how much real [...]

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Source: 24/7 Wall Street | 6 Jun 2009 | 5:40 pm

Stocks to Watch: Stocks in focus for Monday

Companies whose shares are expected to see active trading in Monday’s session are Pall Corp., Texas Instruments and Bank of America.



Source: MarketWatch.com - Top Stories | 6 Jun 2009 | 4:48 pm

Knives out for expenses

One Auckland boss has capped the cellphone use of his 15 staff to $50 each a month, and has fitted GPS locators to the company cars to ensure they are not parked outside nice restaurants for "business meetings". These are the lengths...
Source: New Zealand Herald - Business | 6 Jun 2009 | 4:00 pm

Protection for small investors 'too little'

New Zealand is doing too little to protect mum-and-dad investors from shonky financial advisers, says one investment company. "If there was a pedestrian crossing in the middle of Auckland where people were run down every month...
Source: New Zealand Herald - Business | 6 Jun 2009 | 4:00 pm

Martin Hawes : Picking cheap n' classy over cheap n' nasty

A reader asks: "In your writing you talk a lot about 'value' and 'quality'. What do you mean?" I am a value investor. That means I look for investments that are selling at prices less than their intrinsic worth. While nearly all...
Source: New Zealand Herald - Business | 6 Jun 2009 | 4:00 pm

Hop to it, says lateral leader

Edward de Bono wants the world to think its way out of the economic downturn. But that objective hit a hurdle when he scheduled a seminar on the topic in Auckland: the New Zealand events company that was bringing him to the country...
Source: New Zealand Herald - Business | 6 Jun 2009 | 4:00 pm

NewsWatch: For technology stocks, it's different this time

The icons of Silicon Valley are older, grayer, and -- if you believe analysts who follow the technology industry -- wiser than they were a decade ago, when the Internet bubble inflated company share prices and corporate egos.



Source: MarketWatch.com - Top Stories | 6 Jun 2009 | 4:00 pm

Halal ban threat on NZ meat exports

Indonesia is threatening millions of dollars worth of meat exports from New Zealand. The Muslim country has blocked meat shipments and set a deadline of October 1 for New Zealand to fix the halal certification at the 60 meatworks...
Source: New Zealand Herald - Business | 6 Jun 2009 | 4:00 pm

Corrections: Stock rally could get a June boost

An earlier version of MarketWatch’s weekend Market Snapshot contained some erroneous data for the closing figures for the Dow industrials, S&P 500 and Nasdaq Composite as of June 5. The article has been updated to include the corrected figures.



Source: MarketWatch.com - Top Stories | 6 Jun 2009 | 3:58 pm

Ten tips to tax NZ out of dire straits

The budget bomb has dropped and now we're looking over to the other side of the crater and wondering how the New Zealand economy can crawl through the rubble. The forecasts for the next 10 years in last week's Budget made for grim...
Source: New Zealand Herald - Business | 6 Jun 2009 | 3:58 pm

Yoke Har Lee: Growth built on quest for quality

Breaking boundaries is a way of life for Wellington-based company Qual IT Solutions. The company has seen its headcount double in the past two years to 70 people, underpinned by a similarly robust pace of revenue growth. And while...
Source: New Zealand Herald - Business | 6 Jun 2009 | 3:55 pm

Flying into a brave new world

Cutting greenhouse gas emissions was the key issue for the aircraft and engine makers, maintenance providers and airport representatives who gathered in Washington last week for the second annual Eco-Aviation Conference. The situation...
Source: New Zealand Herald - Business | 6 Jun 2009 | 3:55 pm

Market Snapshot: Stock rally could get a June boost

With a much better-than-expected jobs report under its belt, the market might forge ahead next week, a fairly light one in terms of economic and corporate news.



Source: MarketWatch.com - Top Stories | 6 Jun 2009 | 3:50 pm

Top tips : On sustainability in tough times

Steve Ellingford is operations manager of the Bayfair Shopping Centre in Mt Maunganui. He discusses sustainability in tough times. Are real cost savings achievable? Without question. The installation of energy-efficient light...
Source: New Zealand Herald - Business | 6 Jun 2009 | 3:50 pm

Bank of America shakes up its board

Read full story for latest details.
Source: Business and financial news - CNNMoney.com | 6 Jun 2009 | 3:32 pm