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Mortgages rise on parents' help for first-timersA record number of young first-time buyers are getting help from their parents to enter the housing market, according to the Council of Mortgage Lenders (CML), sending the number of home loans granted in May up by 4 per cent. Source: Latest Business News from Times Online | 9 Jul 2009 | 10:58 am Trade deficit shrinks to £6.2bn three-year lowBritain’s trade in goods deficit shrank by more than expected in May to the lowest level in three years as "distressed" consumers cut back on buying imported goods. Source: Latest Business News from Times Online | 9 Jul 2009 | 10:42 am Google to launch PC operating systemThe final element in Google's drive to reshape the computing landscape fell into place when it unveiled plans for a PC operating system that would compete directly with Microsoft's WindowsSource: Financial Times - US homepage | 9 Jul 2009 | 10:09 am China passes US auto market in first-half salesChina surpassed the United States as the world's biggest auto market for the first half of 2009 after June sales soared 36.5 percent from a year earlier, according to data reported...Source: RSS feed - channel BNewsBusiness | 9 Jul 2009 | 10:07 am Wall Street futures point to higher start (Reuters)
Source: Yahoo! News: Business | 9 Jul 2009 | 10:07 am Wall Street futures point to higher start (Reuters)
Source: Yahoo! News: Stock Markets News | 9 Jul 2009 | 10:07 am World markets up modestly as Alcoa beats forecastsWorld stock markets modestly rose modestly Thursday after aluminum company Alcoa Inc. kicked off the second quarter earnings reporting season with a smaller than anticipated loss, stoking...Source: RSS feed - channel BNewsBusiness | 9 Jul 2009 | 10:07 am World markets up modestly as Alcoa beats forecasts (AP)
Source: Yahoo! News: Stock Markets News | 9 Jul 2009 | 10:07 am Indications: Stock futures point higher after Alcoa resultsU.S. stock market futures pointed to a strong start Thursday after Alcoa kicked off second-quarter earnings season with a loss that wasn’t as bad as analysts had forecast.
Source: MarketWatch.com - Top Stories | 9 Jul 2009 | 10:07 am REFILE-Taiwan's Compal beats Q2 f'cast on PC demand pick-upTAIPEI, July 9 (Reuters) - Compal Electronics , the world's No.2 contract laptop PC maker, on Thursday said it shipped a better-than-expected 7.9 million units in the second quarter, in the latest sign...Source: RSS feed - channel BNewsBusiness | 9 Jul 2009 | 10:06 am With Michael Jackson, Internet Video Comes Of AgeVideo delivered over the internet was supposed to be the next big thing in media. The problem is that internet video has been high on the list of “next big things” for years. The longtime trouble with video delivered via IP is that the quality was so poor. Amateur video on YouTube still has that problem, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 9 Jul 2009 | 10:06 am Sharp to boost TV panel output as demand improvesJapanese electronics maker Sharp Corp. said Thursday it will raise production of panels for TVs to meet improving global demand. Sharp will boost production by about 10 percent to...Source: RSS feed - channel BNewsBusiness | 9 Jul 2009 | 10:05 am TransUnion Consumer Credit Risk Index Hits Record LevelRisk of Active Credit Consumers Continues to Grow CHICAGO, July 9 /PRNewswire/ -- The TransUnion Credit Risk Index, a statistic developed to measure the changes inSource: RSS feed - channel BNewsBusiness | 9 Jul 2009 | 10:04 am China says Rio Tinto employees stole state secretsFour detained employees of miner Rio Tinto Ltd. are accused of stealing Chinese state secrets for foreign countries, the government said Thursday, following their detention amid contentiousSource: RSS feed - channel BNewsBusiness | 9 Jul 2009 | 10:02 am Video: Whole Foods Market's(R) On-Site Fish Buyer in Alaska Ensures That Shoppers Get Highest-quality, Freshest Wild Alaska Salmon AvailableAUSTIN, Texas, July 9 /PRNewswire-FirstCall/ -- With its own port buyer living and working in Alaska, Whole Foods Market (Nasdaq: WFMI) has created a one-of-a-kind seafood supplySource: RSS feed - channel BNewsBusiness | 9 Jul 2009 | 10:00 am Carriage Services Announces Second Quarter Earnings Release and Conference Call ScheduleHOUSTON, July 9 /PRNewswire-FirstCall/ -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2009 second quarter results on Thursday, July 30, 2009 after the...Source: RSS feed - channel BNewsBusiness | 9 Jul 2009 | 10:00 am Information Management Expert Shares Competitive Insight on Managing a Company's Market Information AssetsCEO of Industry Intelligence Inc. Pioneers Connect-the-Dots Technology as an Effective Solution LOS ANGELES, July 9 /PRNewswire/ -- The ability to collaborate and share...Source: RSS feed - channel BNewsBusiness | 9 Jul 2009 | 10:00 am Couple Raffles $3 Million Waterfront Estate for $10A South Florida couple has teamed up with a local charity to raffle off their $3 million waterfront estate in Ft. Lauderdale for just $10 per ticket. FT. LAUDERDALE, Fla.,...Source: RSS feed - channel BNewsBusiness | 9 Jul 2009 | 10:00 am Bank may pump more cash into UKThe Bank of England may extend its quantitative easing programme but is likely to keep interest rates at 0.5%.Source: BBC News | Business | World Edition | 9 Jul 2009 | 9:55 am Swiss Government threatens to seize UBS dataSwitzerland threatened to seize the names of 52,000 Americans from UBS rather than allow the Swiss bank to hand over the data to the US tax authorities. Source: Latest Business News from Times Online | 9 Jul 2009 | 9:53 am Bargain Hunter: best deals on the high streetMoney off designer names such as Ralph Lauren DKNY and Paul Smith.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 9 Jul 2009 | 9:52 am StephanomicsThe Bank's dilemma - To continue with QE or take a rest?Source: BBC News | Business | World Edition | 9 Jul 2009 | 9:51 am Higher Oil Prices? OPEC To Cut Investment In ProductionOPEC is no longer talking much about oil supply. It has changed its focus to the investment that its members make in exploration and production. That may change the psychology of how traders look at prices. Crude may stay low now, but, over time, less drilling means less oil. Less oil should means higher prices [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 9 Jul 2009 | 9:49 am U.S. stocks set for a positive openU.S. stocks were poised to open higher on Thursday as investors awaited readings on wholesale inventories, retail sales, and weekly jobless numbers.Source: Business and financial news - CNNMoney.com | 9 Jul 2009 | 9:47 am The Ratings Game: J.P. Morgan repeats unpopular Europe vs. U.S. viewJ.P. Morgan repeats its unpopular call in favor of European equities over U.S. stocks.
Source: MarketWatch.com - Top Stories | 9 Jul 2009 | 9:45 am One in four unable to get a mortgageTighter lending criteria being used by banks and building societies is preventing people from getting a mortgageSource: Finance and Business. Latest breaking news stocks and shares from the UK and world | 9 Jul 2009 | 9:43 am Nationwide offers 125% mortgageNationwide Building Society introduces a 125% mortgage for existing customers with negative equity who want to move house.Source: BBC News | Business | World Edition | 9 Jul 2009 | 9:43 am Costco sales down an in-line 6 percent(Reuters) - Costco Wholesale Corp on Thursday reported an in-line 6 percent fall in sales, hit by a slide in demand during the recession for higher ticket items such as cameras and cell phones.Source: Reuters: Business News | 9 Jul 2009 | 9:30 am Costco sales down an in-line 6 percent (Reuters)
Source: Yahoo! News: Business | 9 Jul 2009 | 9:30 am The Recession Is Still Biting Costco (COST)Investors looking for a retail recovery won’t find it at Costco (COST). The big box discount store operator said that sales in June fell 6% in stores that had been open at least a year. That is particularly bad news because Costco is known for low prices and stressed consumers should be shopping at its [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 9 Jul 2009 | 9:28 am US officials seek to cut Rick Wagoner's exit packageUS Treasury officials are seeking to reduce the exit package paid to Rick Wagoner, the former chief executive of General Motors, who was ousted from his job by the Obama administration four months ago. Source: Latest Business News from Times Online | 9 Jul 2009 | 9:28 am Imports fall shrinks UK trade gapFalling consumer demand for products from overseas has led to a further narrowing in the UK trade deficit.Source: BBC News | Business | World Edition | 9 Jul 2009 | 9:27 am China’s Car Sales Explode Nearly 50%The notion that the US is the world’s largest car market is gone, perhaps forever. China’s light vehicle sales rose 48% in June to 872,900. The world’s most populous country kkkwill produce sales of at least 10 million cars, SUVs, and pick-ups this year. The US number is not likely to be above 9.6 million. China’s [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 9 Jul 2009 | 9:22 am Futures Movers: Crude-oil futures climb above $61 per barrelCrude-oil futures rebound in electronic trade Thursday, rising above the $61 a barrel mark.
Source: MarketWatch.com - Top Stories | 9 Jul 2009 | 9:21 am China arrest 'not linked to deal'Australia says it sees "no basis" to suggestions the arrest of a mining executive in China is payback for a cancelled deal.Source: BBC News | Business | World Edition | 9 Jul 2009 | 9:16 am London stocks rise at open (AFP)
Source: Yahoo! News: Stock Markets News | 9 Jul 2009 | 9:12 am Robert PestonDoes Europe need hedge funds and private equity?Source: BBC News | Business | World Edition | 9 Jul 2009 | 9:09 am Oil rises above $61, snaps 6-day losing streak (Reuters)
Source: Yahoo! News: Business | 9 Jul 2009 | 9:09 am Oil rises above $61, snaps 6-day losing streakLONDON (Reuters) - Oil rose by more than $1 on Thursday to edge back above $61 a barrel, halting a six-session losing streak which has seen prices decline by 15 percent on concerns about the timing of any economic recovery.Source: Reuters: Business News | 9 Jul 2009 | 9:09 am London Markets: Fresnillo, Anglo American rise in stronger LondonFresnillo, Anglo American and Legal & General advance on Thursday as a good start to earnings season combines with positive broker notes to lead London markets higher.
Source: MarketWatch.com - Top Stories | 9 Jul 2009 | 9:03 am Investors bet on quick deal in UBS tax rowZURICH (Reuters) - Investors bet on Thursday the United States would not go as far seizing UBS assets in a dispute over tax, instead expecting the Swiss bank to be hit by a hefty fine as part of a swift out-of-court settlement.Source: Reuters: Business News | 9 Jul 2009 | 9:01 am China: The World’s Internal Combustion MachineGeorge Soros, at 78, has been one of the world’s premier money managers for years. He is no longer at the head of the hedge fund performance table. Money managers and mathematicians seem to do their best work when they are young. Soros keeps himself in the spotlight along with Warren Buffett, and Alan Greenspan—a [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 9 Jul 2009 | 8:56 am Wall Street futures point to higher start after Alcoa(Reuters) - Dow Jones futures rose 0.7 percent by 4:35 a.m. EDT, S&P futures gained 0.9 percent and Nasdaq futures ticked up 0.6 percent, pointing to a higher start for Wall Street's main stock market indexes on Thursday.Source: Reuters: Business News | 9 Jul 2009 | 8:49 am The Health Benefits Tax SlaughterhouseEconomists with fringe views of the tax system argue that all taxes are regressive. Tax a business and it will not hire more workers or distribute profits back to its owners. People without jobs and owners of businesses without income are not consumers. Tax a gallon of gas and people will drive fewer miles. Cars [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 9 Jul 2009 | 8:49 am China confirms Rio Tinto detentionsSYDNEY/BEIJING (Reuters) - China confirmed on Thursday the arrest of an Australian mining executive and three others on spying allegations, in a case that has rattled currency markets and raised questions about China-Australia relations.Source: Reuters: Business News | 9 Jul 2009 | 8:41 am Hedge Funds: Man Group funds drop, but withdrawals are slowingU.K. hedge fund manager Man Group reports a further decline in its assets under management Thursday.
Source: MarketWatch.com - Top Stories | 9 Jul 2009 | 8:41 am Housing recovery stunted by 'lack of mortgages'Barratt Developments and Redrow, two of Britain's biggest housebuilders, today warned that signs of stability in the UK housing market were being undermined by banks' reluctance to provide mortgage finance to borrowers. Source: Latest Business News from Times Online | 9 Jul 2009 | 8:40 am Rio employee accused of espionageThe Chinese foreign ministry accused a Rio Tinto employee detained by the Shanghai State Security Bureau of stealing state secrets for another country and harming China's economic securitySource: Financial Times - US homepage | 9 Jul 2009 | 8:31 am China says Rio Tinto staff arrested for allegedly stealing state secretsFour employees of miner Rio Tinto have been arrested in China for allegedly stealing state secrets.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 9 Jul 2009 | 8:29 am Man Group investors pull out $1.4 billionLONDON (Reuters) - Man Group , the world's biggest listed hedge fund firm, said investors have continued to withdraw their money although private investor sales have picked up, as flows in the battered industry slowly improve.Source: Reuters: Business News | 9 Jul 2009 | 8:14 am Man Group investors pull out $1.4 billion (Reuters)Reuters - Man Group , the world's biggest listed hedge fund firm, said investors have continued to withdraw their money although private investor sales have picked up, as flows in the battered industry slowly improve.Source: Yahoo! News: Business | 9 Jul 2009 | 8:14 am Alcoa earnings help lift world stocks (Reuters)
Source: Yahoo! News: Stock Markets News | 9 Jul 2009 | 8:10 am Media Digest 7/9/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: The promise of mobile TV is being destroyed by smartphone use of software applications. Reuters: More attacks on websites in the West are expected and North Korea is suspected. Reuters: China has arrested Rio Tinto (RTP) employees. Reuters: The age of the media mogul may be over. Reuters: Alcoa’s (AA) quarterly loss was smaller than expected. Reuters: CIT (CIT) [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 9 Jul 2009 | 8:07 am Bank set to 'print' extra £25bn to lift lendingThe Bank of England is today set to announce plans to expand its "money printing" programme by a further £25 billion, taking the total to £150 billion, in an effort to force banks to step up lending to consumers and businesses. Source: Latest Business News from Times Online | 9 Jul 2009 | 8:06 am Europe Markets: Shares in Europe climb for first session in sixEuropean shares rise for the first time in six sessions on Thursday.
Source: MarketWatch.com - Top Stories | 9 Jul 2009 | 7:55 am Primark sales defy retail gloomThe owner of discount clothes shop Primark says the chain has continued to defy much of the retail gloom.Source: BBC News | Business | World Edition | 9 Jul 2009 | 7:44 am Hopes for QE extension boost FTSELondon equities bounced back from two-month lows on Thursday as traders anticipated an extension to the Bank of England's quantitative easing programme. Retail stocks were in strong demand after positive...Source: RSS feed - channel BNPaperBusiness | 9 Jul 2009 | 7:42 am City job market comes out of deep freeze recruiter Hays saysThe job market in the City of London which has had as much life as an Arctic wasteland since the end of last year has started to stabilise according to the country's largest recruiter Hays.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 9 Jul 2009 | 7:33 am Next top model?Can new flagship Jaguar revive a "flagging" brand?Source: BBC News | Business | World Edition | 9 Jul 2009 | 7:32 am Earnings Watch: Updates, advisories and surprisesA roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source: MarketWatch.com - Top Stories | 9 Jul 2009 | 7:31 am Asia Markets And Europe Open 7/9/2009Markets in Asia were mixed. The Nikkei was down 1.3% to 9,291. The Hang Seng was off a fraction to 17,719. HSBC (HBC) fell. The Shanghai Composite was up 1.3% to 3,123. At the open in Europe, the FTSE was up .4% to 4,157. The Dax rose .7% to 4,605. The CAC 40 was up .3% to 3,018. Data from [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 9 Jul 2009 | 7:30 am Aussie stocks: Market closes flatMELBOURNE - The Australian share market closed flat on Thursday for the second consecutive day, as better than expected employment figures helped stocks rebound from early losses. At the 1615 AEST close, the benchmark S&P/ASX200...Source: New Zealand Herald - Business | 9 Jul 2009 | 7:22 am China June car sales up 48.5% on yearChina's passenger car sales rose 48 per cent in June from the same month last year, consolidating a remarkable recovery that has catapulted China to top position in the world vehicle market so far this...Source: RSS feed - channel BNPaperBusiness | 9 Jul 2009 | 7:12 am Consumers could pay for Google's powerThe Internet giant offers an abundance of popular free services and now plans to create its own computer operating system. What the company is capable of raises concern.At first glance, Google's latest plan for global domination sounds very cool.
Source: L.A. Times - Business | 9 Jul 2009 | 7:00 am Toxic-assets program to be led by 9 private fund managersThe need for the long-awaited initiative has lessened as the crisis has eased, Treasury officials say. Treasury Secretary Timothy F. Geithner says the scheme will 'initially be modest in size.'The Obama administration significantly downsized its program to buy toxic mortgage-backed securities while naming nine private investment companies to purchase the assets with the help of government money.
Source: L.A. Times - Business | 9 Jul 2009 | 7:00 am Michael Jackson helped develop merchandise for London eventAnd it's coming to a retailer near you. The late singer was intimately involved in brainstorming what would become more than 300 items to be sold in conjunction with the 'This Is It' concert series.From his rented mansion on Carolwood Drive, Michael Jackson sketched out ideas for the merchandise he planned to sell in conjunction with his "This Is It" concert series at London's O2 Arena, including a varsity jacket and a red handbag with a diagonal black stripe that evoked his costumes from the "Thriller" music video.
Source: L.A. Times - Business | 9 Jul 2009 | 7:00 am U.S. to require contractors to use E-VerifyStarting Sept. 8, only those firms that use the online program, which checks whether employees are in the country legally and are authorized to work, will be eligible for federal contracts.The Obama administration continued its push for a legal workforce Wednesday with an announcement that federal contractors and subcontractors would soon be required to verify that their employees are eligible to work in the U.S.
Source: L.A. Times - Business | 9 Jul 2009 | 7:00 am Amazon lowers price of Kindle 2 e-book readerThe device now costs $299, down from $359. A company spokeswoman says the price cut was made possible by a reduction in the cost of making the Kindle. ...Source: RSS feed - channel BNPaperBusiness | 9 Jul 2009 | 7:00 am Michael Jackson helped develop merchandise for London eventAnd it's coming to a retailer near you. The late singer was intimately involved in brainstorming what would become more than 300 items to be sold in conjunction with the 'This Is It' concert series. ...Source: RSS feed - channel BNPaperBusiness | 9 Jul 2009 | 7:00 am Fred Sands adds SouthBay Pavilion to growing portfolioThe former owner of one of the largest residential real estate brokerages in the U.S. moves further into the commercial side. ...Source: RSS feed - channel BNPaperBusiness | 9 Jul 2009 | 7:00 am In fundamental shift, consumers are saving rather than spendingThe belt-tightening is almost certain to have a negative effect on the U.S. economy, in which about 70% of gross domestic product comes from personal consumption.The continuing decline in consumers' use of charge cards and other forms of credit reflects an underlying weakness in the U.S. economy that most of the government's recovery plans fail to attack head-on. And it suggests a fundamental shift in the way Americans save and spend that is likely to act as a drag on the economy for at least several years.
Source: L.A. Times - Business | 9 Jul 2009 | 7:00 am Amgen stock gets a big boost from a study of bone-strengthening drugsThe biotech giant's stock jumps 13.9% after its experimental denosumab is rated higher than rival Novartis AG's Zometa. ...Source: RSS feed - channel BNPaperBusiness | 9 Jul 2009 | 7:00 am Rite Aid facility symbolic of unions' legislation pushLabor movement sees the Lancaster site as a symbol of why Congress should pass the Employee Free Choice Act. The firm agreed last month to rehire dozens of workers let go after a unionizing drive.A chilly, high desert dawn was breaking as the workers trickled onto the sprawling grounds of Rite Aid Corp.'s distribution warehouse, a behemoth box at the edge of the Mojave.
Source: L.A. Times - Business | 9 Jul 2009 | 7:00 am Consumers could pay for Google's powerThe Internet giant offers an abundance of popular free services and now plans to create its own computer operating system. What the company is capable of raises concern. ...Source: RSS feed - channel BNPaperBusiness | 9 Jul 2009 | 7:00 am Google sees a window of opportunity to launch its own operating systemThe Internet search giant takes aim at Microsoft's dominant product with Chrome OS, which is targeted at the netbook market.Google Inc.'s plan to launch its own computer operating system is a direct assault at the heart of Microsoft Corp., and its bold move could fundamentally change the way personal computers are used.
Source: L.A. Times - Business | 9 Jul 2009 | 7:00 am Google sees a window of opportunity to launch its own operating systemThe Internet search giant takes aim at Microsoft's dominant product with Chrome OS, which is targeted at the netbook market. ...Source: RSS feed - channel BNPaperBusiness | 9 Jul 2009 | 7:00 am Fred Sands adds SouthBay Pavilion to growing portfolioThe former owner of one of the largest residential real estate brokerages in the U.S. moves further into the commercial side.Investor Fred Sands, who once ran one of the country's largest residential sales brokerages, is adding to his growing commercial real estate portfolio by buying the large SouthBay Pavilion shopping center in Carson.
Source: L.A. Times - Business | 9 Jul 2009 | 7:00 am U.S. to require contractors to use E-VerifyStarting Sept. 8, only those firms that use the online program, which checks whether employees are in the country legally and are authorized to work, will be eligible for federal contracts. ...Source: RSS feed - channel BNPaperBusiness | 9 Jul 2009 | 7:00 am Katrina case tops L.A. attorney Pierce O'Donnell's own trialsCharges that the prominent litigator violated federal campaign finance law have been dropped, so now he's focusing on his blockbuster lawsuit stemming from the 2005 disaster in New Orleans.Pierce O’Donnell wants you to know he's back in business.
Source: L.A. Times - Business | 9 Jul 2009 | 7:00 am Twitter talk probably wasn't to co-founder's likingMedia moguls express their doubts about the social networking website's ability to make money. Chief Executive Evan Williams stays noticeably quiet during (and after) the Allen & Co. panel. ...Source: RSS feed - channel BNPaperBusiness | 9 Jul 2009 | 7:00 am Amgen stock gets a big boost from a study of bone-strengthening drugsThe biotech giant's stock jumps 13.9% after its experimental denosumab is rated higher than rival Novartis AG's Zometa.Biotech giant Amgen Inc. saw its largest single-day stock-price jump in four years after announcing that its experimental bone-strengthening medicine worked better than a potential rival in a study comparing the two drugs in breast cancer patients.
Source: L.A. Times - Business | 9 Jul 2009 | 7:00 am AIG in talks to sell big Alico unit to MetLife: report (Reuters)
Source: Yahoo! News: Business | 9 Jul 2009 | 6:59 am AIG in talks to sell big Alico unit to MetLife: reportNEW YORK (Reuters) - American International Group Inc has resumed talks to sell its American Life Insurance Co unit to MetLife Inc in a transaction that could help the stricken insurer raise more than $15 billion, the Financial Times said.Source: Reuters: Business News | 9 Jul 2009 | 6:59 am Builders warn on mortgage impactTwo of the UK's largest housebuilders say the lack of mortgage availability is continuing to hamper the housing market.Source: BBC News | Business | World Edition | 9 Jul 2009 | 6:58 am China confirms Rio Tinto executive was arrested for spyingChina has confirmed for the first time that State Security forces have detained an Australian mining executive on charges of stealing state secrets. Source: Latest Business News from Times Online | 9 Jul 2009 | 6:47 am Chinese bought almost 50pc more cars in JuneThe amount of cars the Chinese purchased soared by almost 50pc last month in a sign the Government's 4 trillion yuan £363bn stimulus package is gaining some traction in the world's thirdlargest economy.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 9 Jul 2009 | 6:46 am China car sales continue to soarCar sales in China rose 48% in June from a year earlier, boosted by government incentives, figures show.Source: BBC News | Business | World Edition | 9 Jul 2009 | 6:39 am China confirms Rio Tinto staff arrests (Reuters)
Source: Yahoo! News: Business | 9 Jul 2009 | 6:00 am Nationwide offers 125pc mortgage to home owners trapped in negative equityBritain's biggest building society has launched a 125pc mortgage for home owners trapped in negative equity who were keen to move house.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 9 Jul 2009 | 5:41 am Peter Brimelow: Bears gaining upper paw -- time to hide?NEW YORK ( MarketWatch) -- Stocks' mixed close Wednesday did nothing to repair Tuesday's technical damage and the bears are really baring their teeth. But hiding is still an option.
Source: MarketWatch.com - Top Stories | 9 Jul 2009 | 4:27 am CIT urges FDIC on issue of guaranteed debt: report(Reuters) - CIT Group Inc , a commercial U.S. lender struggling to finance its business, is pressing U.S. regulators to allow it to issue government-backed bonds to allay concerns over its financial health, the Financial Times reported on its website late on Wednesday.Source: Reuters: Business News | 9 Jul 2009 | 4:26 am Mitsubishi Motor up after Peugeot hybrid reportShares of Mitsubishi Motor buck a market downtrend after a report that it will expand its partnership with Peugeot to develop plug-in hybrid vehicles.
Source: MarketWatch.com - Top Stories | 9 Jul 2009 | 4:06 am Jennifer Openshaw: Boost your finances by watching the weatherWhat if you had known ahead of time that Hurricane Katrina would come our way in 2004? Or that, in 2007, we’d have a completely out-of-whack year, weather-wise?
Source: MarketWatch.com - Top Stories | 9 Jul 2009 | 4:02 am Alcoa's quarterly loss smaller than expectedNEW YORK (Reuters) - Alcoa Inc posted a third consecutive quarterly loss on Wednesday, but cost cuts helped the largest U.S. aluminum maker beat Wall Street estimates by a large margin, sending its stock higher.Source: Reuters: Business News | 9 Jul 2009 | 3:45 am BofA, JPMorgan move cardholders to variable ratesNEW YORK (Reuters) - Bank of America Corp and JPMorgan Chase & Co are switching some customers who have fixed-rate credit cards to potentially higher variable rates, acting before a new law takes effect that limits what card issuers can charge.Source: Reuters: Business News | 9 Jul 2009 | 3:23 am Report: AIG in talks for unit sale to MetLife (AP)
Source: Yahoo! News: Business | 9 Jul 2009 | 3:15 am Short-term bank rates can be reduced: ReportMPs are keeping the heat on banks over interest rates with a new critical report. Parliament's finance and expenditure select committee's report into the Reserve Bank's June monetary policy statement says there is room for banks...Source: New Zealand Herald - Business | 9 Jul 2009 | 2:16 am Kiwis tighten purse strings in JuneNew Zealanders tightened the purse strings last month, becoming increasingly unwilling to buy larger durable items such as appliances and furniture, new data suggests. The electronic card transaction figures for June, released...Source: New Zealand Herald - Business | 9 Jul 2009 | 1:30 am California on brink of fresh budget talksRead full story for latest details.Source: Business and financial news - CNNMoney.com | 9 Jul 2009 | 1:24 am Tough times prompts courier to offer advertising on its carsA slumping package market has prompted an Auckland courier firm to offer up a quarter of its fleet for use as mobile billboards, with customers able to use its GPS tracking to see exactly which streets their messages are travelling...Source: New Zealand Herald - Business | 9 Jul 2009 | 1:00 am Lawyers, bankers and brokers charged in massive US mortgage fraudNEW YORK - Twenty-five people, including lawyers, bankers, mortgage brokers and appraisers, and a mortgage company have been charged with committing mortgage frauds involving at least $US102 million, New York City prosecutors said...Source: New Zealand Herald - Business | 9 Jul 2009 | 12:30 am More hotel collapses predictedHotel du Vin may have to be run by the receivers for some time if a new buyer cannot be found, a hotel expert says. Horwath Hotel, Tourism and Leisure consultancy director Terry Ngan said the boutique hotel, which went into receivership...Source: New Zealand Herald - Business | 9 Jul 2009 | 12:30 am NZ investors caught up in Wall St fraudThe Reuters news agency is reporting that New Zealand investors have been caught up in a multi-million dollar Wall Street fraud. It says the FBI have charged six workers at Manhatten share brokers and that many of the defrauded...Source: New Zealand Herald - Business | 9 Jul 2009 | 12:07 am Treasury pushes ahead with toxic asset planThe US Treasury pushed ahead with scaled back plans for public-private partnerships to buy toxic assets, naming nine fund managers and allocating $30bn of public funds, but without securing any further backing from the Federal ReserveSource: Financial Times - US homepage | 9 Jul 2009 | 12:01 am Analysis: Chrome OS could hurt Microsoft's plans for Windows 7Thirteen years after Netscape flirted with the idea of turning its successful web browser into a fully fledged operating system, Google has offered users the chance to ditch their Windows licences. Source: Latest Business News from Times Online | 9 Jul 2009 | 12:00 am Australian town bans bottled waterUntil yesterday the town of Bundanoon (population 2,500) was best known as the host of Australia’s version of the Highland Games. Now it has become the world’s first place to ban bottled water. Source: Latest Business News from Times Online | 9 Jul 2009 | 12:00 am Economists call for 'Aussiebank'CANBERRA - Australia has been urged to follow New Zealand's example and establish a Government-owned counter to the four big banks that dominate the nation's financial sector. The proposal to create an Australian version of Kiwibank...Source: New Zealand Herald - Business | 9 Jul 2009 | 12:00 am 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 | 9 Jul 2009 | 12:00 am Anglo American shareholders dash Xstrata hopes for merger of equalsXstrata’s proposed £40 billion merger with Anglo American has effectively collapsed after Anglo’s shareholders rejected the approach. Source: Latest Business News from Times Online | 9 Jul 2009 | 12:00 am US officials eye North Korea in cyber attack (AP)
Source: Yahoo! News: Stock Markets News | 8 Jul 2009 | 11:43 pm CIT in plea to issue guaranteed debtCIT, one of the largest finance companies in the US, is pressing regulators to end a six-month wait and allow it to issue government-backed bonds in an effort to allay mounting concerns over its financial healthSource: Financial Times - US homepage | 8 Jul 2009 | 11:36 pm NZ Shares: Market down on TelecomThe New Zealand sharemarket retreated early, as top stock Telecom gave up more than half the gain made yesterday when someone bought 2.5 million of its shares as the exchange was closing. After closing up 10c yesterday to $2.80,...Source: New Zealand Herald - Business | 8 Jul 2009 | 11:28 pm SEC top examiner Richards to leave agency (Reuters)Reuters - The U.S. Securities and Exchange Commission's top inspector, Lori Richards, is leaving the agency after a year in which her office and the enforcement division was accused of failing to spot Bernard Madoff's $65 billion fraud.Source: Yahoo! News: Stock Markets News | 8 Jul 2009 | 11:20 pm Alcoa posts its third quarterly loss in a rowAluminum producer Alcoa Inc. reported its third quarterly loss in a row Wednesday, as the global recession has crippled demand for the lightweight metal.Source: Business and financial news - CNNMoney.com | 8 Jul 2009 | 11:08 pm 9 firms to run toxic assets programThe government on Wednesday tapped nine financial firms to manage a scaled-down program aimed at helping the nation's banks and said it would invest up to $30 billion to get it started.Source: Business and financial news - CNNMoney.com | 8 Jul 2009 | 11:04 pm Sky Capital staff face $140m fraud chargesSix former executives and brokers of Sky Capital, a New York brokerage, have been charged with a $140m transatlantic "boiler-room" fraud that law enforcers say reeled in UK and US investorsSource: Financial Times - US homepage | 8 Jul 2009 | 10:58 pm Alcoa rises 6% as cost-cutting blunts lossesAlcoa, the largest US aluminium maker, announced a loss that was narrower than expected as the company's aggressive cost-cutting helped it weather the collapse of metal pricesSource: Financial Times - US homepage | 8 Jul 2009 | 10:51 pm Anxiety over economic recovery weighs on stocks (AP)
Source: Yahoo! News: Stock Markets News | 8 Jul 2009 | 10:34 pm Days of mega profits are over, says reportNew Zealand banks must face the "uncomfortable truth" that the regulatory response to the financial crisis means they will not again see the high level of profitability they enjoyed in the preceding years, says Pricewater-houseCoopers. The...Source: New Zealand Herald - Business | 8 Jul 2009 | 10:30 pm Google Chrome, Microsoft killer...maybeFor years, Microsoft has been trying to devise a "Google killer" (Can you say Live? Bing?). On Wednesday, the search engine giant lashed back with its own operating system. Could it be a "Microsoft killer?"Source: Business and financial news - CNNMoney.com | 8 Jul 2009 | 10:25 pm IMF says world is pulling out of recessionThe world economy is starting to pull out of recession, the International Monetary Fund said, marking up its growth forecasts for next yearSource: Financial Times - US homepage | 8 Jul 2009 | 10:14 pm Stimulus spending short sighted - watchdogFiscally-stressed states are using their stimulus dollars to satisfy immediate needs rather than undertake longer-term reforms, according to a government report released Wednesday.Source: Business and financial news - CNNMoney.com | 8 Jul 2009 | 10:14 pm How the major stock indexes fared on Wednesday (AP)AP - Investors can't shake their worries that the economy won't be able to lock in a recovery by the end of the year. Stocks finished mostly lower after zigzagging for much of the day Wednesday. A mixed outlook on the economy from the International Monetary Fund and falling commodity prices added to the downbeat mood. On Tuesday, the major U.S. indexes lost at least 2 percent, on worries about the prospects for the economy.Source: Yahoo! News: Business | 8 Jul 2009 | 10:04 pm How the major stock indexes fared on Wednesday (AP)AP - Investors can't shake their worries that the economy won't be able to lock in a recovery by the end of the year. Stocks finished mostly lower after zigzagging for much of the day Wednesday. A mixed outlook on the economy from the International Monetary Fund and falling commodity prices added to the downbeat mood. On Tuesday, the major U.S. indexes lost at least 2 percent, on worries about the prospects for the economy.Source: Yahoo! News: Stock Markets News | 8 Jul 2009 | 10:04 pm AIG in talks with MetLife over AlicoAIG has rekindled talks with MetLife, its US rival, over the sale of American Life Insurance Company, one of its jewels in the crown, in a move that could help the stricken insurer raise more than $15bn to repay the $80bn it owes US taxpayersSource: Financial Times - US homepage | 8 Jul 2009 | 10:00 pm Hear: Making A Life On $2 A Day
Living outside Rustenburg, South Africa. Francois Xavier Marit/AFP/Getty Images On today's Planet Money: Economists at the World Bank calculate that 2.5 billion people live on $2 a day, but what exactly does that mean? In the developed world, living on so little would be almost unthinkable. For 40 percent of the global population, $2 a day is a reality that must, somehow, be made to work. In Portfolios of the Poor, Daryl Collins and co-author Jonathan Morduch uncover the surprisingly complex financial lives of the most destitute people. Bonus: Hans Rosling's mind-blowing video debunking myths about Third World. Download the podcast; or subscribe. Intro music: Horse Feathers' "Working Poor." Find us: Twitter/ Facebook/ Flickr. Hans Rosling is a wizard of statistics. Rosling, a founder of Gapminder, animates the numbers that tell us how the world is doing. For him, seeing data in the clearest light is the best way to understand the human condition. In the following TED talk from 2006, Rosling uses Trendalyzer software to decode life on Planet Earth. Gapminder, a nonprofit devoted to sustainable development, calls it "statistical time." We call it 19 minutes well spent. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 Jul 2009 | 9:50 pm M&G lending plan highlights regulators failure to give due creditThe White Paper is intended to create regulations that will ensure no repeat of the banking crisis that engulfed us so suddenly. Learning from past mistakes is all very well for our future wealth and happiness but what about now?Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 8 Jul 2009 | 9:41 pm Head of SEC inspections office leaving in August (AP)AP - The official who has headed a key division at the Securities and Exchange Commission since its creation in 1995 is leaving the agency.Source: Yahoo! News: Stock Markets News | 8 Jul 2009 | 9:36 pm King should look past toothless White Paper and beware Tory reformsSo there you have it. A White Paper on reforming financial markets. The longpromised legislative proposals from Alistair Darling. A crackdown on City pay backed by the mighty force of an existing code of practice no less which won't name and shame those out of line. They're quaking over in the Square Mile.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 8 Jul 2009 | 9:33 pm Government white paper paves way for City 'superregulator'The Government has unveiled the biggest shakeup of financial regulation since it came to power in 1997.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 8 Jul 2009 | 9:18 pm Amazon cuts Kindle priceSource: Business and financial news - CNNMoney.com | 8 Jul 2009 | 9:17 pm Finance white paper: Financial educationThe Government aims to better educate the public about personal finance as a result of the credit crisis.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 8 Jul 2009 | 9:17 pm Meriwether's JWM Partners winds down flagship fundPerformance has been exacerbated by its ongoing use of high leverage – money borrowed to increase returnsSource: Financial Times - US homepage | 8 Jul 2009 | 8:58 pm Greetings From Frugality, Pa.Flickr pal Coneslayer sends this picture from Frugality, Pa. It's the kind of place that you look up on Google maps, then have to zoom out a couple of times before any nearby towns appear -- which means, for the most, there aren't any. I just like Frugality for the name. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 Jul 2009 | 8:48 pm Soros Says Economic Crisis Was Self-Generated by System, PolicySource: Bloomberg - All Podcasts | 8 Jul 2009 | 8:36 pm Alcoa Able To Sell Less-Bad As Good (AA)Alcoa Inc. (NYSE: AA) posted a narrower-than-expected loss of -$0.26 EPS on a non-GAAP basis and -$0.32 EPS from continuing operations. Revenues were down sharply to $4.24 billion (from $7.62 billion a year ago), but also narrower-than- expected. Thomson Reuters had estimates at -$0.38 EPS and $3.93 billion. The company generated cash from operations in [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 Jul 2009 | 8:30 pm Hot Topic: Twilight Can’t Help Forever (HOTT)Hot Topic, Inc. (NASDAQ: HOTT) is continuing to lose its momentum. The company had been a huge winner for being tied to the apparel from the Twilight teen vampire movie. But apparently vampire envy in apparel can get a stake through the heart too. The company’s same store sales are shrinking again, and now we [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 8 Jul 2009 | 8:15 pm Senators attack carbon tax proposals on US importsSenior Democrat senators said they would change a provision that imposes carbon taxes on imports following warnings that the clause in the House's cap-and-trade bill could spark a global trade warSource: Financial Times - US homepage | 8 Jul 2009 | 7:29 pm Cheap prices, prime nabes! 5 storiesSource: Business and financial news - CNNMoney.com | 8 Jul 2009 | 7:29 pm Recession Makes Us FasterLooking for a glimmer of hope in the recession? Maybe losing a job can help you become fitter and faster. That's the conclusion of a piece today in the Wall Street Journal (sub. req'd.) that points to improving marathon times across the country in 2009. For example, there's been a 39 percent increase over last year in runners with times good enough to qualify for the Boston Marathon. Jobless marathoners have more time to get into peak condition. Casual runners who once struggled to squeeze in a run after a long workday can train on their own schedule. Elite athletes fresh out of college are training more, too, with job prospects so bleak. What makes all this speedy running particularly notable is that more Americans are entering marathons, which means more novice runners, which should mean slower times. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 8 Jul 2009 | 7:17 pm Stuck in a crappy job? Tough luckUnhappy at work? You're not alone.Source: Business and financial news - CNNMoney.com | 8 Jul 2009 | 7:06 pm Retailers focus on standout items to spur spending (AP)
Source: Yahoo! News: Business | 8 Jul 2009 | 6:58 pm RBC's David Bank Sees Monetizing Online Content as Key ConcernSource: Bloomberg - All Podcasts | 8 Jul 2009 | 6:45 pm Antofagasta Raised to `Hold' at CitigroupSource: Bloomberg - All Podcasts | 8 Jul 2009 | 6:41 pm 25 charged in $100 million mortgage fraudThe Manhattan district attorney indicted 13 suspects and a mortgage company on Wednesday for running a $100 million mortgage fraud, in which they allegedly fooled banks into financing sham sales.Source: Business and financial news - CNNMoney.com | 8 Jul 2009 | 6:39 pm Comp: How Mechanics Get PaidWith another look at how pay works, Raymond McCormick checks in from McCormick Diesel & Brake in Palmdale, Calif.: So how does your average socket jockey get compensated? We use a system called "Flag Hours." Essentially every job or task you have, be it oil change, brake job or tune-up, has a predetermined amount of time it should takes to perform said job or task. Most shops tend to use a big books called Labor Time Guides to find these time. So as a mechanic you are assigned an brake job on a truck that should take 3 hours. If you do it in under three hours, great -- you get paid for three hours of work. However if it takes you 4 and a half hours, bummer you are still only getting paid for 3 hours of work. And if you are not working on a job you are not "flagging" any hours. It is an incentive for mechanics to work efficiently. And if a job they work on comes back because they made a mistake they do not "flag" any hours for the repair. Sounds pretty simple at first glance, but there are some other things to consider; first off you are supposed to be earning at least minimum wage any time you are at the shop during your scheduled hours, and in California if you work a job where you provide your own tools (like a mechanic) you are entitled to by law to make at least least double the minimum wage. I am sad to report there are many shops that do not follow these laws, where mechanics do not earn minimum wage at all times spent on duty, or even though they provide their own tools they are not earning double minimum wage. This is due to a combination of many not knowing the law and their rights, and the fact that in this economy mechanics would rather be under-paid then unemployed. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 Jul 2009 | 6:33 pm Moffett Says Still Tough to Make Money in Online VideoSource: Bloomberg - All Podcasts | 8 Jul 2009 | 5:15 pm Calamos Says Convertible Bonds Hold Up in Falling MarketsSource: Bloomberg - All Podcasts | 8 Jul 2009 | 5:12 pm Bhagwati Calls Obama `Ideal Leader, Super Pragmatist'Source: Bloomberg - All Podcasts | 8 Jul 2009 | 5:07 pm Reinhart Says IMF Recognizes Sluggish Economic PickupSource: Bloomberg - All Podcasts | 8 Jul 2009 | 4:57 pm Lindsay Says Google Operating System Threatens MicrosoftSource: Bloomberg - All Podcasts | 8 Jul 2009 | 4:54 pm Carroll Questions `Defensiveness' of Health-Care StocksSource: Bloomberg - All Podcasts | 8 Jul 2009 | 4:53 pm Levkovich Says U.S. Stocks to `Grind Higher' in Third QuarterSource: Bloomberg - All Podcasts | 8 Jul 2009 | 4:35 pm Credit card companies are watching youWith credit card defaults rising, some companies are looking for reasons to cut your plastic. To make these decisions, banks rely on data about what you buy, where, and the company you keep. Stacey Vanek-Smith reports.Source: Marketplace | 8 Jul 2009 | 4:28 pm The big headache with MedicaidThe Obama administration's deal with three hospital groups will save $155 billion in Medicare and Medicaid spending. But commentator David Frum says there's a bigger problem with Medicaid.Source: Marketplace | 8 Jul 2009 | 4:28 pm New at the mall: The health-care storeBlue Cross Blue Shield of Florida has opened an Apple Store-style outlet that offers health-insurance services. Could it be coming to a mall near you? Tamara Keith reports.Source: Marketplace | 8 Jul 2009 | 4:28 pm What can be done to stop world hungerThe Wall Street Journal's Roger Thurow, co-author of the book "Enough," talks with Kai Ryssdal about why the markets may be impeding getting food to poor countries, and what may help.Source: Marketplace | 8 Jul 2009 | 4:28 pm Ethnic newspapers suffer in downturnThe latest issue of Boston's Bay State Banner could be its last. Amy Scott reports the recession is hurting a number of minority-owned and ethnic newspapers.Source: Marketplace | 8 Jul 2009 | 4:28 pm What's with JPMorgan's ad campaign?An ad by JPMorgan Chase details the bank's effort to modify mortgages and keep Americans in their homes. Jeremy Hobson reports why the bank is spending so much on an ad campaign.Source: Marketplace | 8 Jul 2009 | 4:28 pm How G8's decision will affect U.S.Sustainability reporter Sarah Gardner talks with Kai Ryssdal about how the G8's indecision over climate change could impact America's own legislation for greenhouse gas reductions.Source: Marketplace | 8 Jul 2009 | 4:23 pm G8 fails to agree on emissions reductionThe Group of Eight nations has failed to reach an agreement over cutting greenhouse gas emissions in the coming decades. European negotiators say hard and fast targets have been dropped. Stephen Beard reports.Source: Marketplace | 8 Jul 2009 | 4:23 pm Alberto Gonzales Gets A JobWow, it really is some job market out there. Alberto Gonzales resigned his post as U.S. attorney general not quite two years ago under less than rosy circumstances. Gonzales has now found a new gig, teaching political science at Texas Tech. Chancellor Kent Hance says Gonzales got a one-year deal to teach a course on contemporary issues in the executive branch. From the Houston Chronicle: "We're excited," Hance said. "Any time you can get a former Cabinet member ... it is great." I don't know about you, but I can't help thinking of all the times I've lately heard people with a job to offer. They keep saying they can hire any superstar they want. (Thanks to Twitter pal @kalunlee, who calls the news a "green shoot.") » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 Jul 2009 | 4:19 pm OPEC's Sad. Should We Be Happy?The Organization of Petroleum Exporting Countries -- also known as "foreign oil" -- has predicted that demand for oil has fallen so much because of the global recession that it will take four years to return to 2008 levels. You may remember gas prices hitting over $4 a gallon that year. Specifically, OPEC says it's the global drop in industrial production -- manufacturing and mining -- that has led to cheaper prices at the pump. It's the recession, again. Bonus: Recession clears traffic jams. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 Jul 2009 | 2:48 pm Don't Blame This MBAConner Corwin, MIT Sloan MBA Class of 2010, likes Planet Money but objects to the comments about MBAs in our Monday podcast. (Those comments would be mine.) Corwin writes: I am however not the biggest fan of what was said in the podcast about MBAs. You should go back and listen to it, but I'll quote: (sarcastic tone) "Just look at how happy all those MBAs made the economy....ooooooo.......just sayin'..." I am an MBA Candidate for the MIT Sloan Class of 2010 and I am personally pretty tired of hearing all the slack we are getting in the news. Yes, if Fox news or some other joke news system wants to talk like that, fine, its their place to make such comments. But from all of my experiences NPR is not like that. I work very hard, I am taking classes and learning methods and theories to FIX the economy, and have personally done nothing to put us in this recession. I would not expect you to say "Look what all those people from the Middle East did to our twin towers" or "Just look how happy those German people made the jews back in the 40s...oooo.....just sayin'...," and I also wouldn't expect you to connect all of us MBAs to the economic crisis. I think the general agreed upon concensus is that if you want to blame someone for the economy, blame the people who sold (and also those who bought) sub-prime mortgages knowing that they would eventually blow up. Some may have had MBAs and some not. Some may have been black and some white or male or female or fat or slim. Please don't classify MBAs as people who destroy the economy, because "we" are also the ones who are trying to fix it. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 8 Jul 2009 | 2:30 pm Opening Bell: 07.08.09Meriwether Said To Shut JWM Hedge Fund After Losses (Bloomberg) Code Theft Could Cost Goldman Millions (NYT) In California, Even The IOU's Are Owed (NYT) L.A. Targets Cannabis Clubs (WSJ) Facebook Backer Struggling With Loser Fund (NYP) Memorial Spotlights Staples (Boston Herald) Explosive Divorce (NYP) 
Sponsored Topics: Peter Thiel - Clarium Capital - Hedge fund - Goldman Sachs - United States Source: Dealbreaker | 8 Jul 2009 | 12:45 pm 5 Ways to Protect Your Eyes from Computer-Related Strain
To protect your eyes from strain, first make sure that you monitor’s contrast, refresh rate, and height are properly adjusted. Once you’ve done that, try these five tricks to keep your eyes healthy: 1. Take Breaks
Look away from your computer every half hour. Give your eyes a rest by gazing at a distant object. Better yet, physically get up and move around for five minutes. According to Dr. Marc Grossman, a prominent New York-based eye care specialist, 2. Look Away
Larry K. Wan, OD of All About Vision recommends a brief, easy exercise to keep your eyes from something called accomodative spasm, in which the eye gets stuck in one focus mode (eg. close objects) and can’t focus on more distant objects: Look far away at an object for 10-15 seconds, then gaze at something up close for 10-15 seconds. Then look back at the distant object. Do this 10 times. This exercise reduces the risk of your eyes’ focusing ability to “lock up” (a condition called accommodative spasm) after prolonged computer work. 3. Palm
Relax your eyes and nervous system with palming, a yogic technique said to preserve eye health. Rub your hands together vigorously. Once your palms are hot from the friction, gently cup them over your eyes, overlapping your fingers on your forehead. Do not press on the eyes. Breathe deeply and relax for at least 30 seconds. You’ll feel refreshed after doing this exercise for even a short time. 4. Acupressure
Acupressure is said to relieve headaches, itching, burning eyes, and tension. Seattle’s Bastyr Center lists a simple eye acupressure massage sequence: 1. Cradling the forehead, with finger tips at the hairline and thumb tips at the inner corners of the eyebrows, apply a circular pressure and knead these acu-points. This benefits the eyes and vision, relieves frontal headaches, quells itching and burning in the eyes and may even relieve neck pain. 2. With eyes closed, use your thumb or forefinger to knead in an up and down motion just above the inner corner of each eye. Knead deeply enough so that light circles are visible on the inner eyelids. 3. Directly below the pupils on the orbital bones (bones parallel to the bridge of the nose) a small depression is palpable on each side of the face. Knead these points with a circular pressure. 4. Finally, rest your thumbs on your temples and use the knuckle of the forefinger to drag along the length of the eyebrows. Similarly, drag the knuckle along the lower ocular bones from the bridge of the nose to the lateral corners of the eye sockets. Repeat this stroke and feel the tension around your eyes drain away. 5. Blink People blink about five times less than normal when they’re working at a computer, writes All About Vision’s Dr. Wan. Dry, irritated eyes result. Remember to blink when you’re staring at a screen. Or try blinking exercises. Wan recommends this one:
Source: Business Pundit | 8 Jul 2009 | 12:01 pm America’s Finest
Source: Business Pundit | 8 Jul 2009 | 11:45 am
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