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NewsWatch: Stocks turn to jobs as first half draws to closeU.S. stocks face a busy schedule of economic reports packed into four days next week because of the July 4th holiday, with the key June employment report, and manufacturing and housing data keeping investors edgy as the first half of the year concludes.
Source: MarketWatch.com - Top Stories | 27 Jun 2009 | 1:00 pm Dow and S&P 500 down weekThe Dow and S&P 500 slipped Friday and closed lower for the second week in a row, while the Nasdaq ended higher on the day and week.Source: Business and financial news - CNNMoney.com | 27 Jun 2009 | 12:30 pm Can Obama keep up with falling home prices?Source: Business and financial news - CNNMoney.com | 27 Jun 2009 | 12:18 pm Madoff reduced to nothingBernard and Ruth Madoff have been stripped of their vast riches.Source: Business and financial news - CNNMoney.com | 27 Jun 2009 | 12:14 pm House passes energy, climate billThe House approved a sweeping energy and climate bill Friday which could for the first time usher in widespread government restrictions on greenhouse gases and help renewable energy become cost competitive with fossil fuels.Source: Business and financial news - CNNMoney.com | 27 Jun 2009 | 12:10 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 June 22-26:
Source: MarketWatch.com - Top Stories | 27 Jun 2009 | 12:01 pm Jackson's concert promoters coy on refundsThe organizers of Michael Jackson's tour dates in London remain guarded about refunds for ticket holders following the singer's death.
Source: MarketWatch.com - Top Stories | 27 Jun 2009 | 12:00 pm Japan, South Korea agree to tighter economic tiesJapan and South Korea have agreed to team up to nurse their economies back to financial health, Japanese Finance Minister Kaoru Yosano said Saturday. "We have reached a joint...Source: RSS feed - channel BNewsBusiness | 27 Jun 2009 | 11:49 am Russia's Putin invites role for Shell in SakhalinRussia's RIA news agency says Prime Minister Vladimir Putin has invited Royal Dutch Shell PLS to participate in developing two oil fields on Sakhalin island. The news agency quotes PutinSource: RSS feed - channel BNewsBusiness | 27 Jun 2009 | 11:45 am Questions about Iran dominate G8 discussionsIran’s nuclear programme and its post-election crisis dominated talks this weekend among Group of Eight foreign ministers meeting in Italy, with a sense that time was running out for the international community to respond, diplomats saidSource: Financial Times - US homepage | 27 Jun 2009 | 10:49 am Russia PM invites Shell in Sakhalin 3 and 4 projectsMOSCOW, June 27 (Reuters) - Russian Prime Minister Vladimir Putin invited Royal Dutch Shell to participate in Sakhalin-3 and Sakhalin-4 projects at a meeting with Chief Executive Jeroen van der Veer on...Source: RSS feed - channel BNewsBusiness | 27 Jun 2009 | 10:45 am Outside the Box: Carmakers' hybrids say a lot about their futureDetroit automakers' approach to hybrid cars can say a lot about the companies' future prospects.
Source: MarketWatch.com - Top Stories | 27 Jun 2009 | 10:33 am Weird Beyond Words
Source: Business Pundit | 27 Jun 2009 | 10:25 am Auto Review: 2009 Toyota RAV4: A good, small SUVOn the surface, it would be perfectly reasonable to ask how the RAV4 could carry that name when there is a six-cylinder engine under the hood, coupled to a five-speed automatic transmission.
Source: MarketWatch.com - Top Stories | 27 Jun 2009 | 10:01 am Sanofi drug may increase cancer risk, studies find* Patients told to stay on treatment, consider options * Sanofi stands behind safety profile of LantusSource: RSS feed - channel BNewsBusiness | 27 Jun 2009 | 9:38 am PBG eyes 25 pct in Polish rival for $15.4 mln-paperWARSAW, June 27 (Reuters) - Polish builder PBG wants to buy 25 percent of its local rival Energomontaz-Poludnie for 50 million zlotys ($15.43 million), PBG Chief Executive Jerzy Wisniewski was quoted...Source: RSS feed - channel BNewsBusiness | 27 Jun 2009 | 9:17 am Madoff ordered to forfeit $171 billionBernard Madoff would be stripped of all his possessions under a $171 billion forfeiture order handed down only days before prosecutors seek to put the disgraced financier away in prison forSource: RSS feed - channel BNewsBusiness | 27 Jun 2009 | 8:20 am Is it time for underwater homeowners to be given a get-out-of-debt-free card?Some housing experts believe there is no alternative but outright forgiveness of a substantial chunk of mortgage debt for many people who are at risk of foreclosure.Government and private-lender attempts to stem the home foreclosure crisis so far have mostly focused on loan modifications or refinancing -- giving borrowers a temporary or permanent reduction in their monthly payments.
Source: L.A. Times - Business | 27 Jun 2009 | 7:00 am Michael Jackson's notoriety could hurt value of his old hauntsNegative aspects of the pop singer's life may dampen the enthusiasm of potential buyers of his old Neverland Ranch or the Holmby Hills estate he was renting, experts say.Long after the fans have left the gates of Neverland, the fantastical Santa Barbara County ranch once owned by Michael Jackson, the far less whimsical question remains of what will happen to it.
Source: L.A. Times - Business | 27 Jun 2009 | 7:00 am E-mails can jeopardize your job, the Mark Sanford scandal showsSteamy messages from the South Carolina governor to his lover in Argentina didn't stay private. Take a lesson, experts say: Employers often monitor e-mail, and text messages can be trouble too.If ever there was a reminder to be cautious with e-mails, it came this week as romantic missives from South Carolina Gov. Mark Sanford to his Argentine lover surfaced in the national press.
Source: L.A. Times - Business | 27 Jun 2009 | 7:00 am 'Pay-as-you-drive' auto policies could become option by year's endThe proposal by state Insurance Commissioner Steve Poizner, which is open for comment until July 9, could help motorists cut their bills by spending less time behind the wheel.By year's end California drivers could start buying automobile insurance by the mile, much as some cellphone users purchase talk time by the minute.
Source: L.A. Times - Business | 27 Jun 2009 | 7:00 am Mirae Bank in L.A.'s Koreatown and MetroPacific Bank in Irvine are shut downThey will reopen as part of Wilshire State Bank of Koreatown and Sunwest Bank of Tustin, respectively. Bank failures this year total 6 in California and 45 nationwide.Regulators shut down community lenders Mirae Bank in Los Angeles' Koreatown district and MetroPacific Bank in Irvine on Friday, saying both were operating with dangerously low capital cushions against losses. This brought the number of bank failures this year in California to six.
Source: L.A. Times - Business | 27 Jun 2009 | 7:00 am Irvine financier Danny Pang reportedly received at least $83 million before firm was seizedPang, who is accused by the government of operating a Ponzi scheme, got the money from inflated fees, salary and loans, a court-appointed receiver says.Irvine financier Danny Pang, accused by the government of operating a Ponzi scheme, received at least $83 million in inflated fees, salary and loans from his investment firm before it was seized by federal regulators in April, according to unsealed court documents.
Source: L.A. Times - Business | 27 Jun 2009 | 7:00 am Michael Jackson mourners vie for CDs, memorabiliaDemand quickly puts retailers out of stock. 'This is simply unprecedented,' says an executive at Amazon.com, which sold out of Jackson CDs minutes after news broke of the pop star's death.In death, Michael Jackson is a bestseller again.
Source: L.A. Times - Business | 27 Jun 2009 | 7:00 am Airlines boost fares as leisure travelers begin flying againCarriers have raised domestic plane ticket prices twice in the last two weeks by an average of $10 to $20 one way and are offering fewer fare sales.U.S. airlines are hiking fares as leisure travelers who stayed home amid the economic malaise are getting back in the air.
Source: L.A. Times - Business | 27 Jun 2009 | 7:00 am Michael Jackson scene cut from 'Bruno'The premiere of Sacha Baron Cohen's new film lacked a sequence featuring La Toya Jackson that had been present in pre-screenings.Comedian Sacha Baron Cohen is a fearless, equal-opportunity offender, but when it comes to jokes about Michael Jackson in Baron Cohen's new film "Bruno," there apparently are limits: At the last minute, "Bruno's" filmmakers have deleted a comic sequence about Jackson and his sister, La Toya.
Source: L.A. Times - Business | 27 Jun 2009 | 7:00 am Warner Bros. emerges as sole bidder for Midway GamesThe movie studio's purchase of the bankrupt video game publisher once owned by Viacom's Sumner Redstone is all but assured.Warner Bros. has emerged as the only bidder for Midway Games Inc., all but assuring that it will take control of the bankrupt video game publisher previously owned by Viacom Inc. Chairman Sumner Redstone and become a major force in the video game industry.
Source: L.A. Times - Business | 27 Jun 2009 | 7:00 am GM picks Michigan to build fuel-efficient cars starting in 2011The automaker's move will save the jobs of 1,400 workers at an Orion Township assembly plant and a Pontiac sheet metal factory. But the news is a likely death knell for two other domestic plants. ...Source: RSS feed - channel BNPaperBusiness | 27 Jun 2009 | 7:00 am Michael Jackson mourners vie for CDs, memorabiliaDemand quickly puts retailers out of stock. 'This is simply unprecedented,' says an executive at Amazon.com, which sold out of Jackson CDs minutes after news broke of the pop star's death. ...Source: RSS feed - channel BNPaperBusiness | 27 Jun 2009 | 7:00 am Michael Jackson scene cut from 'Bruno'The premiere of Sacha Baron Cohen's new film lacked a sequence featuring La Toya Jackson that had been present in pre-screenings. ...Source: RSS feed - channel BNPaperBusiness | 27 Jun 2009 | 7:00 am KB Home chief says prices are stabilizing in some parts of the U.S.Yet challenging conditions are still ahead for the nation's home builders, Jeffrey Mezger says. The company reports a narrower second-quarter loss of $78.4 million and a 40% drop in revenue. ...Source: RSS feed - channel BNPaperBusiness | 27 Jun 2009 | 7:00 am Warner Bros. emerges as sole bidder for Midway GamesThe movie studio's purchase of the bankrupt video game publisher once owned by Viacom's Sumner Redstone is all but assured. ...Source: RSS feed - channel BNPaperBusiness | 27 Jun 2009 | 7:00 am Mirae Bank in L.A.'s Koreatown and MetroPacific Bank in Irvine are shut downThey will reopen as part of Wilshire State Bank of Koreatown and Sunwest Bank of Tustin, respectively. Bank failures this year total 6 in California and 45 nationwide. ...Source: RSS feed - channel BNPaperBusiness | 27 Jun 2009 | 7:00 am Tourists flock to Michael Jackson sites; tour buses adjust their routesOne tour company plans to add a stop at Jackson's rented Holmby Hills home. In Los Angeles, the Grammy Museum extends a wardrobe exhibit devoted to the singer. ...Source: RSS feed - channel BNPaperBusiness | 27 Jun 2009 | 7:00 am Is it time for underwater homeowners to be given a get-out-of-debt-free card?Some housing experts believe there is no alternative but outright forgiveness of a substantial chunk of mortgage debt for many people who are at risk of foreclosure. ...Source: RSS feed - channel BNPaperBusiness | 27 Jun 2009 | 7:00 am Irvine financier Danny Pang reportedly received at least $83 million before firm was seizedPang, who is accused by the government of operating a Ponzi scheme, got the money from inflated fees, salary and loans, a court-appointed receiver says. ...Source: RSS feed - channel BNPaperBusiness | 27 Jun 2009 | 7:00 am Airlines boost fares as leisure travelers begin flying againCarriers have raised domestic plane ticket prices twice in the last two weeks by an average of $10 to $20 one way and are offering fewer fare sales. ...Source: RSS feed - channel BNPaperBusiness | 27 Jun 2009 | 7:00 am UPDATE 1-Takeda fails to get U.S. approval for diabetes drugTOKYO, June 27 (Reuters) - Takeda Pharmaceutical , Japan's largest drugmaker, said on Saturday a key diabetes drug had failed to get approval from U.S. regulators who had asked for additional safety tests,...Source: RSS feed - channel BNewsBusiness | 27 Jun 2009 | 6:03 am Japan's Elpida to receive $2.1 bln in aid: reportJapan's troubled chipmaker Elpida Memory Inc. is set to receive around 200 billion yen (2.1 billion dollars) in public and private financial aid over three years, according to a newspaper...Source: RSS feed - channel BNewsBusiness | 27 Jun 2009 | 5:55 am Prosecutors ask judge to imprison Madoff for lifeNEW YORK (Reuters) - Swindler Bernard Madoff should spend the rest of his life in prison, U.S. prosecutors argued on Friday, citing the "unique scope and duration" of his crimes as the leader of Wall Street's biggest fraud.Source: Reuters: Business News | 27 Jun 2009 | 4:33 am Court deal strips Madoff wealthDisgraced financier Bernard Madoff and his wife are stripped of their wealth, as he awaits sentencing for massive fraud.Source: BBC News | Business | World Edition | 27 Jun 2009 | 4:25 am U.S. asks Takeda for more tests on diabetes drugTOKYO, June 27 (Reuters) - Takeda Pharmaceutical , Japan's largest drugmaker, said on Saturday it has been told by U.S. regulators to conduct additional safety tests for a key diabetes drug awaiting approval...Source: RSS feed - channel BNewsBusiness | 27 Jun 2009 | 4:19 am One-fifth off for Buffett lunchAn annual auction for lunch with investor Warren Buffett ends with a winning bid of $1.68m, 20% less than last year.Source: BBC News | Business | World Edition | 27 Jun 2009 | 4:03 am ALL BUSINESS: Investors' tools to understand banksConfused about the state of the banking crisis? About whether good banks are back, or bad banks are multiplying? You aren't alone. Even Wall Street analysts dedicated to analyzing bank...Source: RSS feed - channel BNewsBusiness | 27 Jun 2009 | 4:01 am Market Snapshot: Stocks turn to jobs as first half draws to closeU.S. stocks face a busy schedule of economic reports packed into four days next week because of the July 4th holiday, with the key June employment report, and manufacturing and housing data keeping investors edgy as the first half of the year concludes.
Source: MarketWatch.com - Top Stories | 27 Jun 2009 | 4:00 am Bank failure list tops 45Local banks in Georgia, Minnesota and California were closed Friday by state regulators, bringing the total number of failed banks this year to 45, according to the Federal Deposit Insurance Corporation.Source: Business and financial news - CNNMoney.com | 27 Jun 2009 | 2:38 am U.S. regulators close four small banksWASHINGTON (Reuters) - U.S. regulators closed four small banks on Friday -- two in Georgia, one in Minnesota and one in California, bringing the total of U.S. bank failures to 44 this year.Source: Reuters: Business News | 27 Jun 2009 | 2:19 am US House passes landmark climate change billThe US takes its first step towards reducing carbon emissions after the House of Representatives voted 219-212 to pass a bill that would set limits on the country’s greenhouse gas productionSource: Financial Times - US homepage | 27 Jun 2009 | 2:11 am U.S. commercial banks see record Q1 trading revenueNEW YORK (Reuters) - U.S. commercial banks reported record trading revenue in the first quarter of 2009, benefiting from wide trading margins and gains from interest rate products, the Office of the Comptroller of the Currency said on Friday.Source: Reuters: Business News | 27 Jun 2009 | 1:46 am U.S. commercial banks see record Q1 trading revenue (Reuters)Reuters - U.S. commercial banks reported record trading revenue in the first quarter of 2009, benefiting from wide trading margins and gains from interest rate products, the Office of the Comptroller of the Currency said on Friday.Source: Yahoo! News: Business | 27 Jun 2009 | 1:46 am Stocks eye jobs, other data in July 4th week (Reuters)
Source: Yahoo! News: Stock Markets News | 27 Jun 2009 | 12:52 am NZ signs trans-Tasman tax dealNew Zealand and Australia have signed a new double tax agreement which Revenue Minister Peter Dunne says which have "significant benefits" for New Zealanders. The updated agreement, which will replace the existing 1995 double tax...Source: New Zealand Herald - Business | 27 Jun 2009 | 12:41 am Prosecutors ask judge to imprison Madoff for life (Reuters)
Source: Yahoo! News: Business | 27 Jun 2009 | 12:21 am IBM loses injunction against Dell executiveBOSTON (Reuters) - A U.S. judge turned down a request from International Business Machines Corp to bar its former head of mergers and acquisitions from working at Dell Inc over allegations that he would disclose trade secrets.Source: Reuters: Business News | 27 Jun 2009 | 12:15 am Four banks fail, bringing 2009 tally to 44The ongoing credit crisis continues to claim victims.
Source: MarketWatch.com - Top Stories | 27 Jun 2009 | 12:05 am Michael Jackson: finances will take years to unwindMichael Jackson’s complicated financial legacy will lead to a battle for control of his business and music empire that could last a decade. Source: Latest Business News from Times Online | 27 Jun 2009 | 12:00 am Big shot: Willie Walsh confronts the challenge and flies in the face of BA’s historyThere is one quotation that has followed Willie Walsh from his days at Aer Lingus to the boardroom of British Airways: “A reasonable man gets nowhere in negotiations.” Source: Latest Business News from Times Online | 27 Jun 2009 | 12:00 am Regulatory revamp on ice as Mandelson’s credit crackdown storms to centre stageThe Treasury has shelved plans to unveil its vision for the future of financial regulation next week because it does not want to be overshadowed by a rival initiative from Lord Mandelson to launch a wide-ranging crackdown on consumer abuses. Source: Latest Business News from Times Online | 27 Jun 2009 | 12:00 am Home Retail Group is latest in the line of fire as investors rail at executive excessThe Association of British Insurers (ABI) has issued a “red top” alert on Home Retail Group (HRG) after the owner of Argos and Homebase introduced a new bonus scheme that could reward executives with up to 150 per cent of their salary in cash. Source: Latest Business News from Times Online | 27 Jun 2009 | 12:00 am King of Shaves would make Sweeney Tod blushWill King likes to present himself as the plucky underdog. His shaving-tackle business, King of Shaves, has cleverly positioned itself as the small but superior product doing daily battle in the world’s bathrooms against the likes of Gillette and Wilkinson Sword. He has thrived thus far, able to claim that one million men now use his products. Source: Latest Business News from Times Online | 27 Jun 2009 | 12:00 am Pidgley to step up to the chair in reshuffle at BerkeleyTony Pidgley, regarded as one of the most respected names in housebuilding and the man who famously called the last two housing market crashes, is to leave his role as managing director of Berkeley Group after 33 years. Source: Latest Business News from Times Online | 27 Jun 2009 | 12:00 am BA board take pay break but keep free flightsThe entire 11-member board of British Airways has agreed to work for nothing next month but is clinging to the free, unlimited, first-class travel perk granted to all past and present senior directors and their spouses for life. Source: Latest Business News from Times Online | 27 Jun 2009 | 12:00 am Falling loan costs counter household billsBorrowers with tracker or variable-rate mortgages have benefited from a 17 per cent fall in the cost of owning a home in the past year, but everyone else has less cause to cheer. For them, it has risen by 4.5 per cent. Source: Latest Business News from Times Online | 27 Jun 2009 | 12:00 am Another boss in Goodwin’s RBS team leaves bankA member of the senior team that oversaw Royal Bank of Scotland’s disastrous acquisition of ABN Amro in 2007 has left the company. Source: Latest Business News from Times Online | 27 Jun 2009 | 12:00 am Oracle, Sun merger gets closer antitrust scrutinyFederal antitrust regulators are taking a closer look at the proposed acquisition of Sun Microsystems.
Source: MarketWatch.com - Top Stories | 26 Jun 2009 | 11:55 pm House passes historic 'cap-and-trade' energy billThe House vote, albeit a close one, hands President Barack Obama a victory on one of his top priorities.
Source: MarketWatch.com - Top Stories | 26 Jun 2009 | 11:46 pm Uncertainty surrounds Jackson estateMichael Jackson’s death has left a trail of unresolved debts, uncertainty over the future rights to some of the world’s most successful recordings and allegations over the circumstances that led to his collapse with heart failure on ThursdaySource: Financial Times - US homepage | 26 Jun 2009 | 11:25 pm Prosecutors seek 150-year sentence for MadoffNEW YORK - Federal prosecutors in Manhattan want Bernard Madoff to be sentenced to 150 years in prison. The disgraced financier is due in court Monday for sentencing in his massive fraud case. Federal prosecutors say in court...Source: New Zealand Herald - Business | 26 Jun 2009 | 11:22 pm Emerging Markets Report: E. Europe downturn takes toll on Polish media firmWarsaw-based TVN aims high in mulitple media, but the sharp slowdown in Poland's economy has sharply reversed its revenue growth.
Source: MarketWatch.com - Top Stories | 26 Jun 2009 | 11:21 pm Madoff ‘should get 150 years’Bernard Madoff, who pleaded guilty admitted in March to running a $65bn “Ponzi’’ scheme, should receive a 150-year jail sentence or at least one that ensures he spends the rest of his life in prison, federal prosecutors saidSource: Financial Times - US homepage | 26 Jun 2009 | 11:15 pm 'Titanic crime'One man's quest for clues to Madoff's fraudSource: BBC News | Business | World Edition | 26 Jun 2009 | 11:14 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 before kicking into a big rally this spring. The numbers are the closing levels for the Dow:Source: Yahoo! News: Stock Markets News | 26 Jun 2009 | 10:47 pm Bernard Madoff: prosecutors call for 150year jail term over Ponzi schemeProsecutors have called for fraudster Bernard Madoff to be sentenced to 150 years or a term that will ensure the 71yearold doesn't get out of prison alive for orchestrating a 65bn £40bn Ponzi scheme fraud over the past three decades.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 26 Jun 2009 | 10:45 pm Write-Offs: 06.26.09$$$ Ruth, Andy and Mark Madoff will not be attending Bernie's sentencing on Monday. Meanwhile, a guard who observed Ponzi Boy over the last few months says he didn't seem sorry, which is probably an accurate assessment. [ABCNews] $$$ Treasury Announces Warrant Repurchase and Disposition Process for the Capital Purchase Program [Treasury] $$$ "We actually left Spitzer up a lot longer because he disgraced himself and was such a point of interest." [P6] $$$ Is Goldman Sachs The Root Of All Evil? [The Atlantic] $$$ Meet Warren Buffett's $2.1 million lunch date [CNN Money] $$$ Job of the Week: A "global hedge fund" is needs a "head of financial engineering." That could be you. [DB Career Center] 
Sponsored Topics: Hedge fund - Business - Capital Purchase Program - Bernard Madoff - Goldman Sachs Source: Dealbreaker | 26 Jun 2009 | 10:38 pm Ofcom says Sky should share contentBSkyB’s status in the pay-television market came under threat when the UK broadcasting regulator outlined plans to force it to offer premium channels to operators on rival platformsSource: Financial Times - US homepage | 26 Jun 2009 | 10:38 pm Rothschild and Freshfields founders had links to slavery, papers revealTwo of the biggest names in the City of London had previously unknownundisclosed historical links to slavery in the British colonies, government documents seen by the Financial Times have revealedSource: Financial Times - US homepage | 26 Jun 2009 | 10:32 pm M&S faces revolt over pay and successionA shareholder revolt over pay, performance and succession planning at Marks and Spencer is looming at next month’s annual meeting of the retailerSource: Financial Times - US homepage | 26 Jun 2009 | 10:31 pm Back To School TimeFor those of you running for cover to b-school for the next two years, you may see some familiar faces from Sunday afternoons from time to time. To stem the tide of financially ruinous behavior of its players, the NFL is sending players to classes at leading business schools. With 78% of ex-players going bankrupt within two years of retirement, the NFL wants its players to get financial advice from somebody other than the Fast Money crew (or Lenny Dykstra). For Pro Athletes, Business School Is No Game [BusinessWeek]
Sponsored Topics: NFL - National Football League - Sports - Football - Fast Money Source: Dealbreaker | 26 Jun 2009 | 10:30 pm Listener commentary on our coverageTess Vigeland and producer Eve Troeh sift through e-mails, voicemails and letters from listeners who have something to say about our recent coverage.Source: Marketplace Money | 26 Jun 2009 | 10:28 pm Palm lifts Nasdaq, but oil drags Dow downNEW YORK (Reuters) - The Nasdaq rose on Friday, on strong demand for Palm's Inc's Pre smartphone, while the Dow was dragged lower by sliding oil prices and strength in some financial stocks helped cushion the S&P 500's decline.Source: Reuters: Business News | 26 Jun 2009 | 10:24 pm Palm lifts Nasdaq, but oil drags Dow down (Reuters)
Source: Yahoo! News: Business | 26 Jun 2009 | 10:24 pm Palm lifts Nasdaq, but oil drags Dow down (Reuters)
Source: Yahoo! News: Stock Markets News | 26 Jun 2009 | 10:24 pm Stocks end mixed as savings rate jumps (AP)
Source: Yahoo! News: Stock Markets News | 26 Jun 2009 | 10:14 pm Spring rally lifts broad range of mutual funds (AP)AP - Wall Street's spring rally has allowed many mutual funds to score an achievement that has eluded them throughout the credit crisis and recession: a winning quarter.Source: Yahoo! News: Stock Markets News | 26 Jun 2009 | 9:43 pm How the major stock indexes fared on Friday (AP)AP - Stocks ended mixed Friday after the Commerce Department reported that personal spending, incomes and savings all rose in May. What troubled investors was that the savings rate soared to 6.9 percent, a 15-year high, while spending rose by a more modest 0.3 percent.Source: Yahoo! News: Stock Markets News | 26 Jun 2009 | 9:36 pm Bank of America and Ken Lewis On Same Page Re: Replacing Ken Lewis
Sponsored Topics: Bank of America - Lewis - Business - Merrill Lynch - Financial Services Source: Dealbreaker | 26 Jun 2009 | 9:17 pm Jackson's tour: What might have beenOne of the executives whose hapless job it was to determine whether Michael Jackson really had it in him to mount a 50-show concert gig in London slated to begin next month told me a few weeks ago that Jackson was surprisingly robust.Source: Business and financial news - CNNMoney.com | 26 Jun 2009 | 9:06 pm Ruling delays Allen Stanford's jail exitHOUSTON (Reuters) - Financier Allen Stanford will remain in a Texas jail at least until Monday as a federal judge reconsiders his $500,000 bond at the urging of prosecutors who say the accused swindler is a flight risk, according to a ruling on Friday.Source: Reuters: Business News | 26 Jun 2009 | 9:04 pm Barney Frank Sees Excess Security Spending by U.S. MilitarySource: Bloomberg - All Podcasts | 26 Jun 2009 | 8:58 pm Schork Says Cool U.S. Summer Is Driving Oil Demand LowerSource: Bloomberg - All Podcasts | 26 Jun 2009 | 8:56 pm Hear: Private Equity, Public Money
Empty stores along Pico Boulevard in Los Angeles. S. Ira Grossman On today's Planet Money: Special guest host Lisa Chow of WNYC shares the story of a major pension scandal here in New York. Two placement agents, who essentially act as brokers between pension funds and Wall Street, are accused of taking kickbacks in return for providing special access to the state's pension fund. With the help of former comptroller Carl McCall, Chow explains why the relationship between private equity and pension funds is ripe for corruption. The case has put a spotlight on the relationship between private equity and pension funds and it's raising all kinds of concerns beyond corruption. Since these funds are private, taxpayers don't know where the pension money is actually going. So what happens to the retirement of firefighters and garbage collectors if the private equity bubble pops? NYU Stern School of Business Professor Roy Smith explains how the two got together in the first place. Bonus: A recession-worthy lunch deal in Paris. Download the podcast; or subscribe. Intro music: The Pains of Being Pure at Heart's "Young Adult Friction." Find us: Twitter/ Facebook/ Flickr. @Alzoo sends us this photo from Paris via Twitter: Down the road from where I work. Super cheap for a lunch menu. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 26 Jun 2009 | 8:54 pm Lindsay Calls Microsoft's Bing `Wake-Up Call' for GoogleSource: Bloomberg - All Podcasts | 26 Jun 2009 | 8:53 pm Anglo American Raised to `Overweight' at BarclaysSource: Bloomberg - All Podcasts | 26 Jun 2009 | 8:46 pm Facing off against IBM's 'Jeopardy!' computerI'm a bit intimidated entering IBM's research center in Hawthorne, New York. After all, the company's sales totaled $104 billion...yes, billion...last year.Source: Business and financial news - CNNMoney.com | 26 Jun 2009 | 8:45 pm Captain Morgan Gives TARP Legislators A Massive Hangover
Bailout of U.S. Banks Gives British Rum a $2.7 Billion Benefit [Bloomberg]
Sponsored Topics: Max Baucus - Puerto Rico - United States - Captain Morgan - United States Virgin Islands Source: Dealbreaker | 26 Jun 2009 | 8:40 pm GE's Immelt says U.S. economy needs industrial renewalDETROIT (Reuters) - General Electric Co Chief Executive Jeff Immelt said on Friday the United States needs to refocus its economy on manufacturing and exporting if it wishes to recover from a brutal recession.Source: Reuters: Business News | 26 Jun 2009 | 8:39 pm U.S. spending and income rise, mood improvesNEW YORK (Reuters) - U.S. consumer spending in May rose for the first time since February and savings hit a record high as federal stimulus measures boosted incomes, bolstering the view that the economy was close to emerging from recession.Source: Reuters: Business News | 26 Jun 2009 | 8:37 pm Microsoft open to Yahoo dealSteve Balmer says a partnership would make sense to try and give Google a run for its money in search.Source: Business and financial news - CNNMoney.com | 26 Jun 2009 | 8:31 pm BSkyB's Jeremy Darroch attacks OfcomChief executive of broadcaster accuses regulator handing its rivals undeserved rewards.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 26 Jun 2009 | 8:25 pm U.S. spending and income rise, mood improves (Reuters)
Source: Yahoo! News: Business | 26 Jun 2009 | 8:24 pm Sky set for legal fight over payTV recommendationFury from broadcaster as Ofcom says it should be forced to share its content.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 26 Jun 2009 | 8:19 pm O2 hit by Jackson cancellationsAEG Live, the organiser of Michael Jackson's concerts at the O2 arena, could lose millions from their cancellation.Source: BBC News | Business | World Edition | 26 Jun 2009 | 8:16 pm "I Also Really Enjoy Kangaroo Racing But Guess What? I Can't Take Off The Month Of July Because There's An Important Race Upstate"
From: Samuel F. Lek
Sponsored Topics: Curb Your Enthusiasm - Mexico - Employment - JPMorgan Chase - Larry David Source: Dealbreaker | 26 Jun 2009 | 8:11 pm Billions extra in state aid for Northern RockBillions more of taxpayer's money than previously disclosed to be given to the nationalised mortgage lender.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 26 Jun 2009 | 7:58 pm Government lambasted for further regulation reform delayPostponement of White Paper adds to fears that it is no closer to overhauling the banking system.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 26 Jun 2009 | 7:39 pm Buffett lunch bid hits $456,789 as auction nears endNEW YORK (Reuters) - A bidder has offered to pay $456,789 for a steak lunch with billionaire investor Warren Buffett, in a charity auction expected to be completed Friday night on eBay Inc's website.Source: Reuters: Business News | 26 Jun 2009 | 7:33 pm Is the dollar doomed?Don't look now. But the dollar is starting to weaken again against the euro, pound and yen, leading some to wonder if its days as the world's No. 1 currency are numbered.Source: Business and financial news - CNNMoney.com | 26 Jun 2009 | 7:25 pm Ofcom is punishing Sky's past success rather than its rivals' failuresThe media watchdog's ruling means a company can be successful up to a point and certainly only for a limited amount of time.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 26 Jun 2009 | 7:25 pm Beware of free credit report adsSource: Business and financial news - CNNMoney.com | 26 Jun 2009 | 7:24 pm Prince Alwaleed's Tips For Staying Rich And Fit
Sponsored Topics: New York - Design - United States - Faith Hill - Twitter Source: Dealbreaker | 26 Jun 2009 | 7:22 pm Should we be worried about inflation?Former Federal Reserve Chairman Alan Greenspan is warning that inflation could threaten economic recovery. And he's not the only one raising that concern. Amy Scott reports on how worried we should be.Source: Marketplace | 26 Jun 2009 | 7:13 pm Retail gas drops every day this week (AP)AP - Pump prices fell every day this week, easing off a summer peak near $2.70 a gallon as U.S. storage facilities swelled with unused gasoline.Source: Yahoo! News: Business | 26 Jun 2009 | 7:13 pm Iraqi oil contracts to be auctioned in live TV 'game show'Energy companies will be forced to tussle for contracts worth billions.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 26 Jun 2009 | 7:10 pm Giving UK workers priority ‘illegal’Employers are refusing to accede to a union demand for local or UK-based workers to have priority over foreign staff for engineering construction jobs over foreign contract staff because they say it would amount to illegal discriminationSource: Financial Times - US homepage | 26 Jun 2009 | 7:09 pm China may block deal to buy HummerThe Chinese authorities are likely to veto a bid for General Motors's Hummer business by a Chinese machinery company, putting 3,000 US jobs at risk. Source: Latest Business News from Times Online | 26 Jun 2009 | 7:02 pm This Week’s LinksMIT has lots of (partial) free courses online. The Cleveland Examiner has an excellent list of 100 tips, tools, and resources to help you survive without a job. Michael Andersen’s coverage of the UK Guardian’s massive and successful crowdsourcing experiment. Can Turtles Fly? on work sharing, a natural deflationary force. Kat French on whether corporate social media is poisoning the well, or not.
Source: Business Pundit | 26 Jun 2009 | 7:00 pm Fee-free National Park check upLast week, Tess Vigeland talked to park rangers from Oregon and California about how they were preparing for the first of three free weekends at U.S. National Parks. She checks in with them to see how things went.Source: Marketplace Money | 26 Jun 2009 | 6:57 pm Talk of Anglo American playing PacMan with XstrataOn a quiet day in the London market dealers toyed with the idea that Anglo American might turn the tables on rival Xstrata by launching a counterbid possibly in tandem with a Chinese company.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 26 Jun 2009 | 6:56 pm Where did credit-card junk mail go?Credit card offers aren't clogging up the mail like they used to. Those that do come in aren't the zero-interest, zero-fee deals of the past. Rico Gagliano reports.Source: Marketplace Money | 26 Jun 2009 | 6:55 pm Today's Episode of Dick Bove Says The Darndest Things
Sponsored Topics: Goldman Sachs - Financial services - Business - Citibank - Citi Source: Dealbreaker | 26 Jun 2009 | 6:45 pm Britain loses moral high groundStrictures to foreign governments are being mocked as world leaders seize on stories about MPs’ bloated expenses claims as evidence of moral decay in the UKSource: Financial Times - US homepage | 26 Jun 2009 | 6:45 pm More On That "Massive, Premeditated Raid" At UBSAs mentioned a couple weeks back, UBS's (ex) global head of healthcare Ben Lorello recently jumped ship to Jefferies, and took a gaggle of mid-senior employees with him, which made the Swiss bank angry enough to file suit against Lorello and his new employer. Today we got some color on some of Lorello and Co's less successful attempts at poaching the team. While we can't say whether or not UBS has a case that will hold up in court, we can say with certainty that when they're ready to laugh about all this, they've got themselves a piss-your-pants-in-laughter-at-how-seriously-these-people-take-themselves story to look back on. On the 16th, Ben Lorello walked into the office of Rick Leaman, global head of IBD at UBS, handed him an envelope and walked out, for the last time. Junior bankers were pretty much in the dark as to what was going on, but soon found out that a bunch of mid-level guys (associates and directors) were making the move with Benji. Then, last Wednesday, the little ones all received voicemails at their desks by their former staffer asking if they wanted to "talk." Those who returned the calls were told-- and I can barely type this seeing because my hands are shaking so hard-- "you have an offer to leave UBS and join Jefferies. It expires at the end of the day." Supposedly the deal, for first year analysts, was a guaranteed bonus of $60k this summer, with "guidance" for the following of $100k.
Sponsored Topics: UBS AG - Banking in Switzerland - Business - UBS - Benji Source: Dealbreaker | 26 Jun 2009 | 6:43 pm Presented By:Source: Dealbreaker | 26 Jun 2009 | 6:43 pm South Africa concerned over jobs but will look at XstrataAnglo mergerConcern but officials have not said they would block any deal.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 26 Jun 2009 | 6:41 pm Tata's warns of job cuts at Jaguar Land RoverLoss of £281m posted as company struggles to deal with downturn in demand for new cars.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 26 Jun 2009 | 6:10 pm Day in the Work Life: Shoe designerKathryn Kerrigan noticed that taller women like her had difficulty finding cute, designer shoes that fit. Now she makes a living designing shoes for women of all sizes.Source: Marketplace Money | 26 Jun 2009 | 6:05 pm Changes afoot for student loansIncome-based repayment for student loans begins July 1, meaning many borrowers will be able to lower their monthly payments. Tess Vigeland talks to Lauren Asher of the Project on Student Debt about changes to the loan process.Source: Marketplace Money | 26 Jun 2009 | 6:05 pm Getting PersonalMarketplace Money host Tess Vigeland and economics editor Chris Farrell answer listeners' personal finance questions about rental car insurance, credit checks for your child and paying down debt while unemployed.Source: Marketplace Money | 26 Jun 2009 | 6:05 pm The Fed Wants To Be Your Landlord
Two-thirds of the space, about 26,000 square feet, is on the first floor, a cavernous area built for heavy processing with raised flooring. The available area includes unused teller banks in the lobby, relics from years ago when customers could visit the Fed to buy notes, bonds and U.S. Treasury bills, and an empty steel vault. The remaining 8,000 square feet is on the second floor and includes a corner office with a view of the Bobcats arena. Amenities include a cafeteria and new conference center that tenants could rent. The Fed can do some retrofitting, depending on a tenant's need. Since it's the government, you will be subject to security precautions that include walking through metal detectors, putting your bags through an X-ray, and having your guests' cars searched by guards using "mirrored poles and occasionally sniffed by a trained security dog." They're claiming they won't rent the space to companies that would propose conflicts of interest, such as banks, or groups "that attract much media attention," but let's be serious-- they're gonna take whatever they can get. Make an offer today.
Sponsored Topics: Ben Bernanke - Federal Reserve Bank of Richmond - Federal Reserve System - Business - U.S. Treasury security Source: Dealbreaker | 26 Jun 2009 | 5:50 pm Tourism pay freezeTourism Holdings is freezing the base wages and salaries of all its staff in light of the bleak economic climate. Chief executive Grant Webster said staff on individual agreements would not receive a review of their base wage...Source: New Zealand Herald - Business | 26 Jun 2009 | 5:30 pm Too Many ChoicesBack in May, we wondered if American consumers might have too many choices. Well, it looks like some companies think so. The Wall Street Journal [subscription req'd] reports that some of the nation's largest retailers, like Wal-Mart and Rite Aid, will be cutting the assortment of products in their stores by at least 15 percent. It's a huge move for the retail industry, where big-box stores have dominated the market by offering consumers a huge variety of products. According to Walgreen vice president Catherine Linder, that's no longer good for business: All that go-go 1990s where we were adding items in and adding items in, and people wanted more, more, more, more choice... just didn't pay off. People say, 'Whoa, you're bombarding me. Help me figure out what I need. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 26 Jun 2009 | 5:25 pm GE's Immelt says U.S. economy needs industrial renewal (Reuters)Reuters - General Electric Co Chief Executive Jeff Immelt said on Friday the United States needs to refocus its economy on manufacturing and exporting if it wishes to recover from a brutal recession.Source: Yahoo! News: Business | 26 Jun 2009 | 5:22 pm More reasons to ditch the gas guzzlerA new law is motivating people to trade in their old vehicles for more energy-efficient models. Tess Vigeland braves a car lot in Santa Monica to get the low-down on the Cash for Clunkers trade-in program and tax incentives for new cars.Source: Marketplace Money | 26 Jun 2009 | 5:21 pm Decoder: 'Plain vanilla' productsThe Obama administration wants "plain vanilla" to be the standard for mortgages, credit cards and other financial products. But what exactly does that mean? Marketplace's Amy Scott explains.Source: Marketplace Money | 26 Jun 2009 | 5:21 pm Banking on the previously unbankedA neighborhood bank is hard to find in low-income areas of Los Angeles. But the "Bank On L.A." program is trying to bring people reliant on check-cashing shops into the banking system. Tess Vigeland reports.Source: Marketplace Money | 26 Jun 2009 | 5:21 pm Tata warns of cuts at Jaguar Land RoverTata Motors lifted the lid bonnet for the first time on the performance of its UK carmakers Jaguar and Land Rover revealing massivehuge losses ands it warninged of “drastic cost-cutting”Source: Financial Times - US homepage | 26 Jun 2009 | 5:19 pm Bloomberg's Elliot Says Conspicuous Dining Consumption Is DownSource: Bloomberg - All Podcasts | 26 Jun 2009 | 5:17 pm Play dates aren't only for childrenIt used to be that games like Uno or checkers were for the very young or the very old. But loneliness and a bad economy have created an opportunity for one company. Gigi Douban reports.Source: Marketplace | 26 Jun 2009 | 5:01 pm New help for students with loan debtMarketplace Money host Tess Vigeland talks with Kai Ryssdal about a new program aimed to help college graduates having a tough time paying off loans, changes to student loan interest rates, and the streamlining of FAFSA.Source: Marketplace | 26 Jun 2009 | 5:01 pm Why GE, GM are building in MichiganGeneral Electric plans to build a new research and development center in Michigan, and GM will make its Chevy Spark in the Great Lakes State. Mitchell Hartman reports why the companies are choosing to invest in and around the Motor City.Source: Marketplace | 26 Jun 2009 | 5:01 pm Weekly Wrap: Federal Reserve's movesReuters blogger Felix Salmon and Fortune's Leigh Gallagher talk with Kai Ryssdal about whether the Federal Reserve should be the uber-regulator for the financial system, and whether Chairman Ben Bernanke will keep his job.Source: Marketplace | 26 Jun 2009 | 5:01 pm Iraqi oil contracts have barrels of riskIraq will soon begin auctioning off new contracts for its old fields. The country has one of the largest oil reserves in the world. But there are risks. Jeff Tyler reports.Source: Marketplace | 26 Jun 2009 | 5:01 pm AEG, O2 in limbo after Jackson's deathMichael Jackson's death may lead to huge losses for AEG Live, which was organizing the icon's comeback concerts, and O2, the venue for the shows. Stephen Beard reports.Source: Marketplace | 26 Jun 2009 | 5:01 pm How to get money flowing againAmericans have socked away money at its highest rate in more than 15 years. But if consumers are saving more, and banks are being stingy too, how do we get money flowing through the economy? Bob Moon reports.Source: Marketplace | 26 Jun 2009 | 5:00 pm Northern Rock confirms split planNationalised Northern Rock is to split in two later this year, dividing up its deposits and mortgages.Source: BBC News | Business | World Edition | 26 Jun 2009 | 4:34 pm China To Hummer: You're Too DirtyTengzhong, the Chinese road equipment company buy Hummer, may face some unexpected challenges in its bid to acquire Hummer from GM. The AP reports that China's planning agency, the National Development and Reform Commission, is likely to reject the deal partially because Hummers pollute too much and guzzle too much gas. China's state radio reported that the agency feels that Hummers conflict with Beijing's conservation goals. You know the brand is in trouble when China -- the world's biggest carbon polluter -- doesn't want to touch it. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 26 Jun 2009 | 4:33 pm Weldon blasts SOE boardsState-owned enterprise boards populated by ex-politicians spend too much money sponsoring high-culture events aimed at Wellington elites, according to NZX chief Mark Weldon. The SOEs sponsored glamorous openings of ballet and...Source: New Zealand Herald - Business | 26 Jun 2009 | 4:30 pm FTSE 100 shares fall (AFP)
Source: Yahoo! News: Stock Markets News | 26 Jun 2009 | 4:13 pm Greenspan: Inflation Is The Real ThreatFormer Federal Reserve Chairman Alan Greenspan weighs in on the current state of the economy in the Financial Times. Here's some of what he has to say: The US is faced with the choice of either paring back its budget deficits and monetary base as soon as the current risks of deflation dissipate, or setting the stage for a potential upsurge in inflation. Even absent the inflation threat, there is another potential danger inherent in current US fiscal policy: a major increase in the funding of the US economy through public sector debt. Such a course for fiscal policy is a recipe for the political allocation of capital and an undermining of the process of "creative destruction" -- the private sector market competition that is essential to rising standards of living. This paradigm's reputation has been badly tarnished by recent events. Improvements in financial regulation and supervision, especially in areas of capital adequacy, are necessary. However, for the best chance for worldwide economic growth we must continue to rely on private market forces to allocate capital and other resources. The alternative of political allocation of resources has been tried; and it failed. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 26 Jun 2009 | 4:04 pm Wieting Sees `Meager, Lousy' U.S. Economic ExpansionSource: Bloomberg - All Podcasts | 26 Jun 2009 | 4:02 pm For savers, collapse was the hardest lessonMargaret Ufton says the last 18 months have been the worst in her life. The 62-year-old hospice nurse has had to sell her Nelson home to meet the mortgage payments on an Auckland apartment she bought through failed Blue Chip property...Source: New Zealand Herald - Business | 26 Jun 2009 | 4:00 pm Red Sheds chase online dollarsThe Warehouse believes its new online retail service will boost customer spending. Launched yesterday, the Red Sheds' online shop will initially offer top-selling products in its most popular categories - books, music, movies,...Source: New Zealand Herald - Business | 26 Jun 2009 | 4:00 pm NZ dollar's fall sparks Westpac reviewWestpac is to review its New Zealand operating model after the kiwi dollar's fall this year caused its local branch operation to breach Reserve Bank rules limiting its total liabilities. While Westpac's core retail and business...Source: New Zealand Herald - Business | 26 Jun 2009 | 4:00 pm Stanford denies $10b scamHOUSTON: Texas billionaire Sir Allen Stanford pleaded not guilty yesterday to charges that he swindled investors out of US$7 billion ($10.88 billion)as part of a massive investmentscam. Stanford entered his plea during his arraignment...Source: New Zealand Herald - Business | 26 Jun 2009 | 4:00 pm Brian Gaynor : Forecast - Persistent rain but no floodThe March quarter gross domestic product figures confirm that the economy has contracted for five consecutive quarters. This is the longest negative streak since quarterly GDP statistics were first compiled in 1987. How deep is...Source: New Zealand Herald - Business | 26 Jun 2009 | 4:00 pm Kensington buyer sees opportunitiesJohn Sax, the developer who has bought the giant Kensington Park housing project north of Auckland, says now is the best time to buy real estate. The downturn is offering excellent opportunities, including the failed $500 million...Source: New Zealand Herald - Business | 26 Jun 2009 | 4:00 pm Larry Kantor Says U.S. Economy Will Start Improving in JulySource: Bloomberg - All Podcasts | 26 Jun 2009 | 3:55 pm Rail bosses get £1.2m in bonusesTop Network Rail bosses will get bonuses totalling over £1.2m, despite criticism of the firm's performance.Source: BBC News | Business | World Edition | 26 Jun 2009 | 3:38 pm US consumer confidence risesUS consumer confidence rose in June to its highest since February 2008, a survey shows, suggesting the recession is easing.Source: BBC News | Business | World Edition | 26 Jun 2009 | 3:14 pm 'Agh Economy!'Matt writes: I'm a recent college graduate from UW-Madison. I just finished a phone interview for an entry level position at a large company (NYSE traded). The listed requirements are 2 yrs lower than my education level and the job pays lower than I'd like (~25,000) but right now I only have a part time job and need both more work and health insurance. I'm currently working as a page at the Madison Public Library. I interact with the public and like my coworkers. The busy work I do isn't very rewarding, but it isn't difficult for me either. I think another part time job might be better than a full time job I wouldn't enjoy -- if they would result in the same pay anyway. Health Insurance is the real issue but I think the first job out of college dictates future opportunities in some way too. With the current job market it seems like I should take any full time job I can get ASAP. If they offer me the job, I'll have a hard decision -- quitting the part time job I enjoy, even for full time work. Agh! Economy! » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 26 Jun 2009 | 3:11 pm AIG's Alico set for Europe restructuring: letter (Reuters)Reuters - AIG's American Life Insurance Company (Alico) will restructure its western European businesses in order to generate cost savings, according to an internal document obtained by Reuters.Source: Yahoo! News: Business | 26 Jun 2009 | 3:10 pm Napoli Says U.S. Housing Most Affordable in 20 YearsSource: Bloomberg - All Podcasts | 26 Jun 2009 | 3:08 pm Refund issues over Jackson gigsTicketholders for the sell-out Michael Jackson concerts at the O2 Centre in July should now get their money back.Source: BBC News | Business | World Edition | 26 Jun 2009 | 3:02 pm Stannard Says SNB Having `Big Impact' on Swiss FrancSource: Bloomberg - All Podcasts | 26 Jun 2009 | 2:49 pm China 'to block' Hummer takeoverA Chinese firm's bid to buy the Hummer brand will be blocked on environmental grounds, according to state radio.Source: BBC News | Business | World Edition | 26 Jun 2009 | 2:41 pm Jobs warning at Jaguar Land RoverMore job cuts may be made at Jaguar Land Rover, after it reported a £280m 10-month loss, owner Tata Motors warns.Source: BBC News | Business | World Edition | 26 Jun 2009 | 2:35 pm Lieberman Says China Will Continue to Buy DollarsSource: Bloomberg - All Podcasts | 26 Jun 2009 | 2:32 pm Time For Detroit To Dump NASCARIt is time for Detroit to pull its products and sponsorship dollars out of NASCAR. Toyota (TM) may be able to afford the marketing luxury, but Ford (F), Chevy, and Chrysler cannot. Chevy as 14 cars, Ford 7, Dodge 7, and Toyota 9 cars on the circuit at any given time. Fox Sports reports that it cost [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 26 Jun 2009 | 2:31 pm GE’s New Research Center, Maybe More Than Meets The Eye (GE)General Electric Co. (NYSE: GE) has now confirmed that it will open an advanced manufacturing technology and software center in Michigan called The Advanced Manufacturing and Software Technology Center. We had reports initially of 1,200 jobs being created, but the company puts this figure as growing to more than 1,100 GE employees over the next [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 26 Jun 2009 | 2:22 pm Spending Up, A LittleConsumer spending rose in May for the first time in three months. The increase came as incomes jumped 1.4 percent. The jump in incomes is partially due to reductions in payroll tax witholding that were part of the stimulus package. Consumer spending is an important factor in judging the health of the economy because it accounts for 70 percent of total economic activity. Meantime, the savings rate increased to 6.9 percent, the highest level since December 1993. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 26 Jun 2009 | 2:17 pm This Week’s Weird Jobs
Most of this week’s weird jobs cover things you’d only do as a last resort. Like drive a school bus. Or fetch golf balls. Or–gulp–sell gay porn to people you’ve never met before: 1. CA: School Bus Driver This position transports children, parents, and staff by driving a school bus to and from the school on morning or afternoon routes, and to and from special outings / field trips while adhering to driving regulations and providing a safe vehicle. Requirements – Deafness also a plus. 2. CA: Memory Care Director The Memory Care Director will manage the overall operation of the Memory Care Neighborhood in accordance with resident needs, government regulations and policies and procedures. Duties include: conducting resident screenings and family interviews; development and implementation of residents’ FlexCare Plans; planning, conducting and implementing staff training and coordinating educational opportunities; coordinating the annual review of the Alzheimer’s Program policy and procedures; coordinating in-service training; assisting in marketing and sales efforts; organizing and leading Resident Aide meetings; and providing written reports. Job duties may also include reminding patients, on a daily basis, why they live in a place called Memory Care Neighborhood. 3. CA: Juice company seeking Part-Time Demo Specialist We are seeking a highly-personable and energetic individual to sample our juice products at retail locations throughout Sacramento and surrounding cities. Key Duties: Please do not bring vodka, rebrand the samples as shooters, and charge $1/per. The grocery stores won’t appreciate that. 4. CA: Entry level part-time sales in gay porn industry (training provided) Part-time sales assistant needed for 11 year old company in San Fernando Valley that sells high quality gay porn. Will work with industry veteran sales person as assistant / trainee. Possibility to convert to full-time. Job function will be calling new leads (provided) and entering sales orders under the guidance of industry veteran sales manager. Must be comfortable talking about anuses with complete strangers. 5. Vancouver: Golf Ball Fetcher Looking for young, outgoing people looking to learn business through a hands on approach. This job requires general labour of rounding up golf balls at various locations which will then be reused. Fantastic pay, and great for people looking to get the insides into the services business, while still getting exercise and enjoying the great outdoors! Now that is an optimistic take on golf ball fetching. Happy Friday!
Source: Business Pundit | 26 Jun 2009 | 2:12 pm Can A New Marketing Head Revive NutriSystem? (NTRI)NutriSystem, Inc. (NASDAQ: NTRI) is well known as the weight management and weight loss company that delivers specially designed food in bulk. You have seen its commercials on TV. Now the company is naming a new Chief Marketing Officer. This might be noise at most companies, but for a company such as NutriSystem the marketing [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 26 Jun 2009 | 1:49 pm Thinking of Switching Financial Planners? (BusinessWeek Online)BusinessWeek Online - You've got a dirty little secret. During long lunch breaks, or after work when everyone else heads home to their families, you're sneaking out to a secret rendezvous. You know what you're doing is perfectly justified, but you still feel a little bad afterwards. You never thought it would come to this. But here you are -- cheating on your financial planner.Source: Yahoo! News: Business | 26 Jun 2009 | 1:28 pm Personal Income and Spending Dwarfed by Personal SavingsThe Commerce Department’s Personal Income and Consumer Spending numbers have been released for May 2009 and the numbers were +1.4% on Personal Income and Consumer Spending was Up +0.3%. The income portion was significantly better as Bloomberg had a consensus estimate of +0.4% on income and +0.3% on spending. The prior report for April was [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 26 Jun 2009 | 12:38 pm Rising commodity prices boost European markets (AP)
Source: Yahoo! News: Stock Markets News | 26 Jun 2009 | 12:05 pm Rising commodity prices boost European markets (AP)
Source: Yahoo! News: Business | 26 Jun 2009 | 12:05 pm When Ads Don’t Lie
Source: Business Pundit | 26 Jun 2009 | 11:48 am Potash Earnings Issues Now Credibility Issues (POT, MOS, AGU, CF, TRA, TNH, IPI, MOO)Potash Corporation of Saskatchewan Inc. (NYSE: POT) did last night what most traders already feared was coming. The Canadian potash supply giant said that weak demand for its products and lower prices were going to take earnings for the quarter down to about $0.70 EPS versus a previous forecast of $1.10 to $1.50 EPS. This [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 26 Jun 2009 | 11:48 am
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