EADS sees bigger savings from integration

The effort to more tightly integrate divisions within European aerospace and defense giant EADS will yield savings of "much more" than the 200 million euros initially forecast, EADS Chief Executive Louis Gallois said.



Source: MarketWatch.com - Top Stories | 14 Jun 2009 | 3:02 pm

Ex-Woolies boss joins store talks

Former Woolworths boss Sir Geoff Mulcahy is working with a group planning to buy some of the retailer's vacant stores.
Source: BBC News | Business | World Edition | 14 Jun 2009 | 3:00 pm

Pfizer eyes deals to raise emerging markets presence (Reuters)

The entrance of Pfizer World headquaters in New York City, is seen this file photo from August 31, 2003. REUTERS/Jeff ChristensenReuters - Pfizer Inc , the world's largest drugmaker, is looking to conclude deals in emerging markets over "few months" to raise its share of a market estimated at about $80 billion, an executive said on Sunday.



Source: Yahoo! News: Business | 14 Jun 2009 | 2:18 pm

Pfizer eyes deals to raise emerging markets presence

DUBAI (Reuters) - Pfizer Inc, the world's largest drugmaker, is looking to conclude deals in emerging markets over "few months" to raise its share of a market estimated at about $80 billion, an executive said on Sunday.

Source: Reuters: Business News | 14 Jun 2009 | 2:18 pm

Pfizer eyes deals to raise emerging markets presence

DUBAI (Reuters) - Pfizer Inc , the world's largest drugmaker, is looking to conclude deals in emerging markets over "few months" to raise its share of a market estimated at about $80...
Source: RSS feed - channel BNewsBusiness | 14 Jun 2009 | 2:01 pm

Pfizer eyes deals to raise emerging mkts presence

DUBAI, June 14 (Reuters) - Pfizer Inc , the world's largest drugmaker, is looking to conclude deals in emerging markets over coming months to raise its share of a market worth an estimated $80 billion,...
Source: RSS feed - channel BNewsBusiness | 14 Jun 2009 | 1:31 pm

Israel Stocks: Israel stocks steady; CS likes potash producers

Israeli stocks were steady on Sunday, with rises in Isramco and Teva Pharmaceutical offset by declines in the banks and technology issues.



Source: MarketWatch.com - Top Stories | 14 Jun 2009 | 1:12 pm

NewsWatch: Housing data, bond yields to draw early heat

Stocks next week will have another go at trying to maintain gains, with only a few economic releases and concerns about rising bond yields to take on the near-summer doldrums.



Source: MarketWatch.com - Top Stories | 14 Jun 2009 | 1:00 pm

Stocks: Back in black, but...

Even after staging its best run since the 1970s, the Dow is barely positive for the year -- and all the running to stand still is starting to wear investors out.
Source: Business and financial news - CNNMoney.com | 14 Jun 2009 | 12:28 pm

TARP payback may not help consumers


Source: Business and financial news - CNNMoney.com | 14 Jun 2009 | 12:23 pm

UK's economy is 'best in Europe'

Nobel Prize-winning economist Paul Krugman says the UK economy is the best in Europe at the moment.
Source: BBC News | Business | World Edition | 14 Jun 2009 | 12:21 pm

Bombardier: Air Nostrum orders 35 CRJ1000 jets

Air Nostrum of Spain orders a total of 35 of Bombardier's model CRJ1000 next-generation aircraft list-priced at a total $1.75 billion.



Source: MarketWatch.com - Top Stories | 14 Jun 2009 | 12:21 pm

3 netbooks go head-to-head


Source: Business and financial news - CNNMoney.com | 14 Jun 2009 | 12:20 pm

The 100% safe loans banks won't make

Struggling small business owners can begin applying next week for an interest-free debt-relief loan through a new Small Business Administration program -- if, that is, they can find a bank to process their application.
Source: Business and financial news - CNNMoney.com | 14 Jun 2009 | 12:19 pm

Angry car dealers haggle for their jobs

These are hard times for car dealers. Across the nation, General Motors and Chrysler dealerships are pulling down their big roadside signs and closing their doors.
Source: Business and financial news - CNNMoney.com | 14 Jun 2009 | 12:17 pm

Anderson favourite for BP post: report

British energy giant BP could finally have a new chairman in place by July, with US executive Paul Anderson the leading candidate, said The Sunday Telegraph newspaper, citing sources. ...
Source: RSS feed - channel BNewsBusiness | 14 Jun 2009 | 12:10 pm

Taxes and health reform: What's coming

Americans who want to follow how the health care debate could affect their tax bill should focus on one man in the next week: Max Baucus.
Source: Business and financial news - CNNMoney.com | 14 Jun 2009 | 12:08 pm

EADS CEO sees A400M first flight at year-end

EADS CEO Louis Gallois said he hopes the fate of Europe's troubled A400M military transport plane will be resolved by the end of 2009, ending months of agonizing and costly uncertainty. ...
Source: RSS feed - channel BNewsBusiness | 14 Jun 2009 | 12:03 pm

Plenty reasons to be gloomy at Paris Air Show

The Paris Air Show opens Monday under a morose, uneasy cloud. Already reeling from the global recession, the aviation industry gathering in the city where Air France Flight 447 should...
Source: RSS feed - channel BNewsBusiness | 14 Jun 2009 | 12:00 pm

EADS CEO: A400M money has been spent

EADS has spent all of the money it's received in advanced payments for its A400M military transport aircraft, but hopes to strike new terms for the contract by the end of the year at the latest, CEO Louis Gallois says.



Source: MarketWatch.com - Top Stories | 14 Jun 2009 | 12:00 pm

CEO: Airbus aircraft deliveries could fall by 25%

Aircraft deliveries could fall by as much as 25% from the peak to the trough of the current aerospace cycle, likely in 2010 or 2011, Airbus Chief Executive Tom Enders says.



Source: MarketWatch.com - Top Stories | 14 Jun 2009 | 12:00 pm

Dubai hosts China Sourcing Fairs, the largest Greater China-products exhibitions in the Middle East

Events grow 40% to over 1,100 booths DUBAI, United Arab Emirates, June 14 /PRNewswire-Asia-FirstCall/ -- Global Sources (Nasdaq: GSOL) today opened its China Sourcing
Source: RSS feed - channel BNewsBusiness | 14 Jun 2009 | 11:30 am

BRIC summit watched for signals on dollar

When the leaders of Brazil, Russia, India and China gather for their first full-fledged summit, they will be closely watched for signs of policy shifts that could affect the global role and
Source: RSS feed - channel BNewsBusiness | 14 Jun 2009 | 10:35 am

Iran sees violent protests, claims of vote fraud

Iranian authorities arrested dozens of people calling for reform in the country after President Mahmoud Ahmadinejad was certified as having been elected to a second term, media reports said.



Source: MarketWatch.com - Top Stories | 14 Jun 2009 | 10:03 am

Reformers arrested in Iran clampdown

Dozens of reformist leaders were arrested in Tehran as the government cracked down on widespread protests against the landslide victory of Mahmoud Ahmadi-Nejad, who was declared the winner of the presidential election
Source: Financial Times - US homepage | 14 Jun 2009 | 9:14 am

In graphs

The global arms industry: facts and figures
Source: BBC News | Business | World Edition | 14 Jun 2009 | 9:00 am

Complaint to Verizon worked out OK eventually

Re: David Lazarus' consumer column “$10,000 phone bill and a call for help ," June 10:



Source: L.A. Times - Business | 14 Jun 2009 | 7:00 am

Blame high executive pay on corporate boards

Are executive salaries too high? Should shareholders have a say in how much chief executives are paid? Should the government?
Source: RSS feed - channel BNPaperBusiness | 14 Jun 2009 | 7:00 am

Scams in online job ads target the unemployed

Criminals are trying to steal your money and identity, so use caution and common sense, consumer advocates say.

Looking for a job is not a pleasant experience even in the best of times. Add record-high unemployment and a tidal wave of competition to the mix, and the search for employment can be maddening.



Source: L.A. Times - Business | 14 Jun 2009 | 7:00 am

Blue Shield hits health insurance policyholder with 54% rate hike

The increase raises questions about how costs would be controlled if a national mandate is approved that requires people lacking coverage to buy policies. ...
Source: RSS feed - channel BNPaperBusiness | 14 Jun 2009 | 7:00 am

Complaint to Verizon worked out OK eventually

Re: David Lazarus' consumer column “$10,000 phone bill and a call for help ," June 10:
Source: RSS feed - channel BNPaperBusiness | 14 Jun 2009 | 7:00 am

Six Flags files for bankruptcy protection

The amusement park company says it needs to eliminate $1.8 billion of debt despite having a strong year in 2008. ...
Source: RSS feed - channel BNPaperBusiness | 14 Jun 2009 | 7:00 am

Is it legal for association presidents to meet behind closed doors?

Question: Our common-interest development has several incorporated associations within it. Years ago, at the instigation of our contracted community administrator who managed our CID, a Presidents Council was informally created. The administrator-manager wanted to meet with the presidents monthly as a group, rather than individually, to facilitate effective communication of the different associations' agendas. Each president was allowed to bring one guest.



Source: L.A. Times - Business | 14 Jun 2009 | 7:00 am

Blame high executive pay on corporate boards

Are executive salaries too high? Should shareholders have a say in how much chief executives are paid? Should the government?



Source: L.A. Times - Business | 14 Jun 2009 | 7:00 am

Sell the time share -- and limit impulse buys from now on

Also: Credit card accounts that close due to inactivity, and follow-up advice on refinancing a 30-year mortgage. Dear Liz: My husband...
Source: RSS feed - channel BNPaperBusiness | 14 Jun 2009 | 7:00 am

Commercial real estate market has space for small investors

The recession has brought down prices and created opportunities for those willing to take on risks and challenges.

Commercial real estate, traditionally a reliable haven for small investors, has shown its dark side in the last year.



Source: L.A. Times - Business | 14 Jun 2009 | 7:00 am

Consumer lawyer chose a road less traveled

In 1965, after three years with the Army, William Shernoff had two jobs lined up in different states. He made his choice on the freeway as he was leaving Missouri -- he'd head to California. ...
Source: RSS feed - channel BNPaperBusiness | 14 Jun 2009 | 7:00 am

Consumer lawyer chose a road less traveled

In 1965, after three years with the Army, William Shernoff had two jobs lined up in different states. He made his choice on the freeway as he was leaving Missouri -- he'd head to California.

The gig: Consumer lawyer with offices in Claremont and Beverly Hills



Source: L.A. Times - Business | 14 Jun 2009 | 7:00 am

Tax credit legislation seeks to broaden program's reach

Two Dallas-area congressmen have introduced bills that would extend the $8,000 credit for first-time buyers to almost all home buyers and would keep the program until either mid-2010 or the end of tha...
Source: RSS feed - channel BNPaperBusiness | 14 Jun 2009 | 7:00 am

Tax credit legislation seeks to broaden program's reach

Two Dallas-area congressmen have introduced bills that would extend the $8,000 credit for first-time buyers to almost all home buyers and would keep the program until either mid-2010 or the end of tha

Since first-time buyers are getting thousands of dollars in tax credits from the federal government to stimulate the economy, why shouldn't all home buyers get equal treatment? What about refinancers -- couldn't they make good use of a tax credit to help defray closing costs and loan fees?



Source: L.A. Times - Business | 14 Jun 2009 | 7:00 am

Is it legal for association presidents to meet behind closed doors?

Question: Our common-interest development has several incorporated associations within it. Years ago, at the instigation of our contracted community administrator who managed our CID, a Presidents Council...
Source: RSS feed - channel BNPaperBusiness | 14 Jun 2009 | 7:00 am

Blue Shield hits health insurance policyholder with 54% rate hike

The increase raises questions about how costs would be controlled if a national mandate is approved that requires people lacking coverage to buy policies.

Los Angeles resident Ruta Miller, 44, prides herself on keeping fit. "I'm super-healthy," she told me. "I exercise all the time. I eat well. I haven't even had a cold in I don't know how long."



Source: L.A. Times - Business | 14 Jun 2009 | 7:00 am

A tale of two markets divided by the conforming-loan limit

Mortgage rates are low and sales are booming for cheaper homes. But sales are at a virtual standstill for pricier homes because buyers can't get jumbo loans at acceptable rates. ...
Source: RSS feed - channel BNPaperBusiness | 14 Jun 2009 | 7:00 am

Sell the time share -- and limit impulse buys from now on

Also: Credit card accounts that close due to inactivity, and follow-up advice on refinancing a 30-year mortgage.

Dear Liz: My husband signed up for a time share when we were on vacation, just months before we bought our first home. Now one year later, with a baby on the way, this time share is taking $189 a month out of our pockets plus $2,828 a year for maintenance fees.



Source: L.A. Times - Business | 14 Jun 2009 | 7:00 am

A tale of two markets divided by the conforming-loan limit

Mortgage rates are low and sales are booming for cheaper homes. But sales are at a virtual standstill for pricier homes because buyers can't get jumbo loans at acceptable rates.

Roused by a combination of low mortgage rates, sagging prices and government largesse, first-time buyers appear to have entered the housing market with a vengeance. According to the latest statistics from the National Assn. of Realtors, half of existing-home sales were to rookies who had never owned homes before.



Source: L.A. Times - Business | 14 Jun 2009 | 7:00 am

Scams in online job ads target the unemployed

Criminals are trying to steal your money and identity, so use caution and common sense, consumer advocates say. ...
Source: RSS feed - channel BNPaperBusiness | 14 Jun 2009 | 7:00 am

Addax Pete gets C$8.83 bln Sinopec bid: report

Addax Petroleum Corp., owner of one of two operating oilfields in Iraqi Kurdistan, has received a 4.8 billion pound (US$6.25 billion, C$8.83 billion) proposal from Sinopec of China, the Times of London reports.



Source: MarketWatch.com - Top Stories | 14 Jun 2009 | 6:52 am

Lockheed Martin GPS III Team Shifts Into Critical Design Review Phase

PARIS, June 14 /PRNewswire/ -- Paris Air Show -- The Lockheed Martin (NYSE: LMT) team developing the U.S. Air Force's Global Positioning System (GPS) III program has entered
Source: RSS feed - channel BNewsBusiness | 14 Jun 2009 | 6:00 am

G8 talks turn spotlight on Europe's banks

Pressure mounted on Europe to reveal the viability of its crisis-hit banks after a meeting of G8 finance ministers in southern Italy over the weekend ended in disarray over the thorny...
Source: RSS feed - channel BNewsBusiness | 14 Jun 2009 | 5:10 am

Higher rates, oil prices threaten US recovery

Rising bond yields are taking a toll on home mortgage and corporate lending rates and together with jumping oil prices are threatening the expected US recovery from prolonged recession. ...
Source: RSS feed - channel BNewsBusiness | 14 Jun 2009 | 4:59 am

Higher rates, oil prices threaten US recovery (AFP)

A house in Illinois is listed with a new reduced price. Rising bond yields are taking a toll on home mortgage and corporate lending rates and together with jumping oil prices are threatening the expected US recovery from prolonged recession.(AFP/Getty Images/File/Jeff Haynes)AFP - Rising bond yields are taking a toll on home mortgage and corporate lending rates and together with jumping oil prices are threatening the expected US recovery from prolonged recession.



Source: Yahoo! News: Business | 14 Jun 2009 | 4:59 am

Opel rescue opens Pandora box for German state aid (AFP)

Germany, having orchestrated a rescue for automaker Opel, is trying to keep the lid on a Pandora's box of state aid, even if it means turning away luxury sports carmaker Porsche and retailer Arcandor.(AFP/DDP/File/Philipp Guelland)AFP - Germany, having orchestrated a rescue for automaker Opel, is trying to keep the lid on a Pandora's box of state aid, even if it means turning away luxury sports carmaker Porsche and retailer Arcandor.



Source: Yahoo! News: Business | 14 Jun 2009 | 4:28 am

Icahn mulls another run at Delphi Corp: report (Reuters)

Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange, June 27, 2007. REUTERS/Chip EastReuters - Activist investor Carl Icahn is considering making another attempt to take over bankrupt auto parts supplier Delphi Corp, the New York Post reported on Saturday.



Source: Yahoo! News: Business | 14 Jun 2009 | 3:48 am

Icahn mulls another run at Delphi Corp: report

CHICAGO (Reuters) - Activist investor Carl Icahn is considering making another attempt to take over bankrupt auto parts supplier Delphi Corp, the New York Post reported on Saturday.

Source: Reuters: Business News | 14 Jun 2009 | 3:48 am

N Korea responds to UN with nuclear threats

North Korea has vowed a military response to any US-led attempts to isolate it, arguing that fresh United Nations sanctions cannot halt its nuclear missile programme
Source: Financial Times - US homepage | 14 Jun 2009 | 3:35 am

Dragon is out at La Senza

THEO PAPHITIS has quit the board of La Senza, the lingerie chain, after a bust-up with its private-equity group owner, Lion Capital.


Source: Latest Business News from Times Online | 14 Jun 2009 | 12:00 am

Flight from first class puts airlines into a nosedive

The airline industry has never generated sustained profits — by some estimates if you add up all the profits and losses since the Wright brothers flew from Kitty Hawk in 1903, the net amount would be written in red ink. This year will be no different. The global industry will lose an estimated $9 billion, after losses of $10.4 billion last year.$


Source: Latest Business News from Times Online | 14 Jun 2009 | 12:00 am

Estate agent to the super rich

Off to lunch with the king of trophy home sales – if anyone will know if this downturn has ended, it’s Trevor Abrahmsohn. His business, Glentree Estates, sells more multi-million-pound houses to the super rich in London than just about any other firm. And if the whispers are right, the past 12 months have been tough.


Source: Latest Business News from Times Online | 14 Jun 2009 | 12:00 am

Aussies eye up Lloyds’ funds

ONE of Australia’s biggest banks is considering a bid for a £75 billlion chunk of Lloyds Banking Group’s fund-management arm.


Source: Latest Business News from Times Online | 14 Jun 2009 | 12:00 am

Lloyds to take £450m hit as pub values fall flat

LLOYDS BANKING GROUP will lose an estimated £450m on Admiral Taverns, the pub giant, in what is believed to be one of the biggest write-offs it will be forced to take on a single investment.


Source: Latest Business News from Times Online | 14 Jun 2009 | 12:00 am

G8 note of hope on world economy

FINANCE ministers from the G8 economies meeting in Italy yesterday claimed there were “signs of stabilisation” in the global economy, but said recovery prospects were uncertain.


Source: Latest Business News from Times Online | 14 Jun 2009 | 12:00 am

Tories must tackle public-sector blight

Had things gone a bit differently for Gordon Brown in the past few days, this could have been the first column of the election campaign. How much would we have known about Conservative economic policy? Not enough. So, armed with a speech that George Osborne, the shadow chancellor, gave last week, called A New British Economic Model, let me fill in one or two gaps.


Source: Latest Business News from Times Online | 14 Jun 2009 | 12:00 am

BA in pension reserves crisis

BRITISH AIRWAYS has begun a tough set of negotiations with its pension trustees after dropping below the level of cash reserves agreed three years ago.


Source: Latest Business News from Times Online | 14 Jun 2009 | 12:00 am

Independent sale hopes fade

INDEPENDENT News & Media (INM) has appointed a new debt adviser as talks with potential buyers fade away.


Source: Latest Business News from Times Online | 14 Jun 2009 | 12:00 am

Google searches for support in face of scrutiny

GOOGLE has been on the road trying to sell a big idea to government officials and opinion-makers: we are not big and not scary. It doesn’t seem to be working.


Source: Latest Business News from Times Online | 14 Jun 2009 | 12:00 am

Best rates for instant savings accounts

All savers should keep some money in an instant access account for emergencies.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Jun 2009 | 10:07 pm

The best fixed rate savings deals

Savers can get marginally more if they can tie up their money longer.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Jun 2009 | 10:02 pm

Fixed rate savers in for interest rate shock

Thousands of savers are in for a rude awakening when their fixedrate savings bonds mature.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Jun 2009 | 10:00 pm

NewsWatch: Housing data, bond yields to draw early heat

Stocks next week will have another go at trying to maintain gains, with only a few economic releases and concerns about rising bond yields to take on the near-summer doldrums.



Source: MarketWatch.com - Top Stories | 13 Jun 2009 | 9:00 pm

Lloyds Bank hit by Obama tax purge

Banking group drops American customers in the UK ahead of the President's costly proposals to stamp out tax evasion
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Jun 2009 | 8:39 pm

Mutuals mull West Brom shares plan

Chelsea Newcastle and Principality are believed to be considering whether to strengthen their balance sheets by following West Brom's lead on converting debt into PPDSs.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Jun 2009 | 8:35 pm

G8 leaders propose end to bank rescue packages

The world's largest economies are stabilising and the unwinding of rescue measures should now be considered finance ministers at the G8 conference said yesterday.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Jun 2009 | 8:29 pm

Big Brother on lookout for Setanta rescue

Endemol the television production company behind Big Brother is in talks to join a rescue deal designed to avert the collapse of Setanta the struggling sports broadcaster.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Jun 2009 | 8:27 pm

Sir Nigel Rudd fears regulatory issues will put foreign investors off Britain

Sir Nigel Rudd is a mover and shaker who is often involved in the City's biggest appointments and takeovers and last week was no exception.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Jun 2009 | 8:18 pm

BT attacks broadband deal plans

BT has attacked Government proposals to give mobile operators hundreds of millions of pounds worth of 3G licenses in return for mobile broadband in rural areas.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Jun 2009 | 8:03 pm

Ineos debt sparks worries over its future

Auditors to Ineos Britain's biggest private company have raised "material" concerns about the chemical company's future as it struggles under a €7.5bn £6.4bn debt pile.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Jun 2009 | 8:01 pm

Canada decries "rising tide" of U.S. protectionism

NIAGARA FALLS, Ontario (Reuters) - Canada decried on Saturday a "rising tide of protectionism" in the United States, but Secretary of State Hillary Clinton said the "Buy American" provisions in an economic stimulus package will not interfere with U.S. trade obligations.

Source: Reuters: Business News | 13 Jun 2009 | 7:54 pm

How to profit in the new economy

The next chapter of our economic story won't be anything like the last. See how the changed landscape will affect you as an investor, worker and consumer.
Source: Business and financial news - CNNMoney.com | 13 Jun 2009 | 7:33 pm

Do you pay for personal calls on your work cell?


Source: Business and financial news - CNNMoney.com | 13 Jun 2009 | 6:59 pm

G8 ministers look to end fiscal, monetary stimulus

Finance ministers from the Group of Eight leading industrialized countries say they have begun discussing how to unwind the fiscal and monetary policy measures undertaken in response to the financial and economic crisis that spread last year.



Source: MarketWatch.com - Top Stories | 13 Jun 2009 | 5:40 pm

Steve Jobs' health status in 13 words


Source: Business and financial news - CNNMoney.com | 13 Jun 2009 | 5:37 pm

Geithner: Too soon to withdraw economic stimulus

LECCE, Italy (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Saturday it was too early to start withdrawing stimulus for the world's top economies, but governments should pledge a return to more sustainable fiscal policies in the future.

Source: Reuters: Business News | 13 Jun 2009 | 5:24 pm

Geithner: Too soon to withdraw economic stimulus (Reuters)

U.S. Treasury Secretary Timothy Geithner testifies before the Senate Financial Services and General Government Subcommittee during a hearing on proposed budget estimates for FY2010 on Capitol Hill in Washington June 9, 2009. REUTERS/Yuri GripasReuters - U.S. Treasury Secretary Timothy Geithner said on Saturday it was too early to start withdrawing stimulus for the world's top economies, but governments should pledge a return to more sustainable fiscal policies in the future.



Source: Yahoo! News: Business | 13 Jun 2009 | 5:24 pm

Old values for money

The global financial crisis is inspiring a major shift in our financial values, and experts suggest it's likely to continue. A powerful, attitudinal change in consumer behaviour means boom-time consumption is giving way to the...
Source: New Zealand Herald - Business | 13 Jun 2009 | 4:00 pm

Bollard's secret not from Muldoon's toolbox

Luckily for us, Alan Bollard is no Robert Muldoon. The feeling of frustration was thick in the air of Parliament's Committee Room 3 on Thursday afternoon. Politicians from both sides of the finance and expenditure select committee...
Source: New Zealand Herald - Business | 13 Jun 2009 | 4:00 pm

From diamonds in the rough to skilful workers

Don't ever suggest to Michael Hill, jeweller, that working in a shop is a dead-end career. He'll glare from behind his expensive glasses, snap the cuffs of his designer shirt and put pay to the idea with an impressive revelation. His...
Source: New Zealand Herald - Business | 13 Jun 2009 | 4:00 pm

Martin Hawes : Feel the fear

Few of us ever get much practice at investing lump sums. Most of us invest only small amounts - perhaps the surplus that we have each month, occasionally a bit more, but generally only in a routine way like a KiwiSaver account. A...
Source: New Zealand Herald - Business | 13 Jun 2009 | 4:00 pm

New Blue Chip wave hits

While a triumphant Mark Bryers has escaped an attempt to liquidate his company, freeing him to transfer his business to Australia, a new wave of distressed Blue Chip investors face mortgagee sales. In downtown Auckland's Hudson...
Source: New Zealand Herald - Business | 13 Jun 2009 | 4:00 pm

Insurance gripes rising

The insurance industry is defending itself against accusations of shoddy customer service amid a rise in the number of complaints upheld by the Insurance and Saving Ombudsman. The independent investigator received 202 complaints...
Source: New Zealand Herald - Business | 13 Jun 2009 | 4:00 pm

Editorial: Who will weep for banks?

When interest rates rise or fall there are winners and losers. Those with mortgages cheer a small drop in lending rates; investors, many relying on investment yield, suffer when deposit rates fall. But the customary differentials...
Source: New Zealand Herald - Business | 13 Jun 2009 | 4:00 pm

Blend of skills yields overseas sales

Author-IT Software Corp exemplifies what can happen when you marry the vision of an inventor with the stoicism of a professional management team. The outcome is a company with an ambition to hit $100 million in revenue within the...
Source: New Zealand Herald - Business | 13 Jun 2009 | 3:55 pm

Big economies 'stabilising' - G8

G8 finance ministers say major economies are beginning to stabilise but warn that it is too early to halt economic stimulus.
Source: BBC News | Business | World Edition | 13 Jun 2009 | 3:52 pm

G8 finance ministers see crisis easing

Finance ministers of the G8 countries started to prepare their economies for a recovery as they acknowledged 'increased signs of stabilisation' in the global economy at a meeting in southern Italy
Source: Financial Times - US homepage | 13 Jun 2009 | 3:41 pm

Big companies make hay off stimulus

The nation's largest businesses are raking in billions on stimulus projects ranging from nuclear waste cleanup to restocking food banks with chicken.
Source: Business and financial news - CNNMoney.com | 13 Jun 2009 | 3:10 pm

Theme park firm Six Flags files for bankruptcy (Reuters)

Reuters - Six Flags Inc , the world's largest regional theme park company, said on Saturday it filed for bankruptcy protection.
Source: Yahoo! News: Business | 13 Jun 2009 | 3:00 pm

Theme park firm Six Flags files for bankruptcy

CHICAGO (Reuters) - Six Flags Inc , the world's largest regional theme park company, said on Saturday it filed for bankruptcy protection.

Source: Reuters: Business News | 13 Jun 2009 | 3:00 pm

Stocks, looking tired after 3-month run, hit pause (AP)

New York City Mayor Michael Bloomberg speaks at a news conference in May 2009 in New York City. Bloomberg is the man who has everything and, as he heads to reelection this year, shows every sign of hanging on. Billionaire, helicopter pilot, Wall Street whiz and near invincible city politician, the diminutive but intense Bloomberg eats the Big Apple for breakfast.(AFP/Getty Images/File/Spencer Platt)AP - The stock market's rally is on hold, and it's not clear what might restart it.



Source: Yahoo! News: Stock Markets News | 13 Jun 2009 | 2:55 pm