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Jon Friedman's Media Web: The impact of Cronkite can't be duplicatedWalter Cronkite, who anchored the "CBS Evening News" from 1962 to his retirement in 1981, influenced history more than any other television journalist
Source: MarketWatch.com - Top Stories | 18 Jul 2009 | 2:28 pm Report: Porsche near deal with VWAssociated Press Writer FRANKFURT The struggle over control of Porsche, the heavily leveraged maker of world-class sports cars including the 911, appears to be coming to an end, accordingSource: RSS feed - channel BNewsBusiness | 18 Jul 2009 | 2:21 pm CIT talks to bondholders; bankruptcy still fearedNEW YORK (Reuters) - CIT Group Inc is in talks with a group of bondholders for $2 billion to $3 billion in rescue financing as it tries hard to avoid bankruptcy, a source close to the company said late on Friday.Source: Reuters: Business News | 18 Jul 2009 | 1:52 pm Care urged on comparison site useComparison websites have "an obvious incentive" to feature companies that pay them most, a competition expert warns.Source: BBC News | Business | World Edition | 18 Jul 2009 | 1:47 pm The Apple profit machineSource: Business and financial news - CNNMoney.com | 18 Jul 2009 | 1:41 pm CIT talks to bondholders; bankruptcy still feared (Reuters)
Source: Yahoo! News: Business | 18 Jul 2009 | 1:22 pm Walter Cronkite, legendary TV news anchor, diesThe death of Walter Leland Cronkite Jr at the age of 92 calls to mind a golden age of American television news journalism of which he, as the authoritative longtime anchorman for the CBS Evening News, was the undisputed titanSource: Financial Times - US homepage | 18 Jul 2009 | 1:19 pm Cheaper than hot dogs...lobsterLooking for an inexpensive change-up for your next backyard barbeque? Try lobster. "Per pound, it's less expensive than hot dogs right now," grumbles lobster-boat captain Mike Dassatt, who fishes the coast near Belfast, Maine, with his wife Sheila.Source: Business and financial news - CNNMoney.com | 18 Jul 2009 | 1:13 pm NewsWatch: Bulls are back this week, market internals showStronger volumes during buying spurts than on selling action this week have some believing that, after four weeks of downside, the bulls are back in the market.
Source: MarketWatch.com - Top Stories | 18 Jul 2009 | 1:00 pm Morgan Stanley trumpets teen's Twitter tutorialSource: Business and financial news - CNNMoney.com | 18 Jul 2009 | 12:21 pm Call for Child Trust Fund changeChild Trust Funds of children with severe disabilities should be ringfenced so they do not affect future benefits, says Mencap.Source: BBC News | Business | World Edition | 18 Jul 2009 | 12:15 pm Best Places to Live: 6-figure townsHolmdel, N.J., residents pull in more than $159,000 a year. Which other places have high incomes?Source: Business and financial news - CNNMoney.com | 18 Jul 2009 | 12:07 pm Family doctors, endangered speciesLuis Manriquez and Katherine Glass share a common -- and increasingly rare -- ambition: They both want to become family doctors.Source: Business and financial news - CNNMoney.com | 18 Jul 2009 | 12:06 pm Pennsylvania stiffs 69,000 state workersPennsylvania state workers' paychecks are a little light these days.Source: Business and financial news - CNNMoney.com | 18 Jul 2009 | 12:03 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 July 13-17:
Source: MarketWatch.com - Top Stories | 18 Jul 2009 | 12:01 pm Help! My benefits ran outSource: Business and financial news - CNNMoney.com | 18 Jul 2009 | 11:56 am Oil Rallies Back Toward $70Oil is above $63 and is heading back toward $70. This time the rise may be on fundamentals and have little to do with speculation. China announced that its GDP rose 7.9% in the second quarter. The world’s most populous nation is going to require significantly increased supplies of crude if that growth rate continues. China [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 18 Jul 2009 | 11:54 am VW to pay $11.28 billion for all of Porsche: reportFRANKFURT (Reuters) - Porsche SE's controlling families will agree on Thursday to accept an offer by Volkswagen to buy its sports car business Porsche AG for roughly 8 billion euros ($11.28Source: RSS feed - channel BNewsBusiness | 18 Jul 2009 | 11:43 am VW to pay $11.28 billion for all of Porsche: reportFRANKFURT (Reuters) - Porsche SE's controlling families will agree on Thursday to accept an offer by Volkswagen to buy its sports car business Porsche AG for roughly 8 billion euros ($11.28 billion), Der Spiegel reported on Saturday.Source: Reuters: Business News | 18 Jul 2009 | 11:43 am VW to pay $11.28 billion for all of Porsche: report (Reuters)Reuters - Porsche SE's (PSHG_p.DE) controlling families will agree on Thursday to accept an offer by Volkswagen to buy its sports car business Porsche AG for roughly 8 billion euros ($11.28 billion), Der Spiegel reported on Saturday.Source: Yahoo! News: Business | 18 Jul 2009 | 11:43 am Sec. Clinton visits India, urges help vs. terror (AP)
Source: Yahoo! News: Stock Markets News | 18 Jul 2009 | 11:29 am US ready for talks and sanctions for North KoreaThe United States is ready to hold talks with North Korea if the conditions are right but will also press UN sanctions to punish Pyongyang for its nuclear and missile tests, a senior US envoy for Asia saidSource: Financial Times - US homepage | 18 Jul 2009 | 10:54 am Sirisus XM (SIRI) Sales Falter: 24/7 Wall St.-The Channel Checkers SurveySirius Radio (SIRI) Over the past week, 24/7 Wall St.–The Channel Checkers surveyed various stores to track sales trends for Sirius Radio equipments. We asked the following questions: 1. What is the average amount people spend on Sirius Radio Hardware? 2. Are sales of Sirius Radio equipment more or less this month than last month? 3. Do people buy the radio for the car [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 18 Jul 2009 | 10:33 am Auto Review: 2010 Ford Fusion Hybrid: Green but dullIf you are a Ford fan and your goal is to maximize every fume of gasoline you probably will quickly fall in love with the Fusion Hybrid.
Source: MarketWatch.com - Top Stories | 18 Jul 2009 | 10:01 am Troubled CIT is part of the garment industry's fabricClothing retailers don't pay upfront, so manufacturers rely on the big lender for loans and for guidance on which retailers are creditworthy.The garment industry is tied in knots over reports that CIT Group Inc. could file for bankruptcy.
Source: L.A. Times - Business | 18 Jul 2009 | 7:00 am Job losses mount among California government workersUnemployment in the state holds steady at 11.6% in June, but the outlook worsens in the public sector. The state loses 6,700 government jobs in June and continues to furlough workers and cut services.California shed 66,500 jobs in June, and more losses loom as double-digit unemployment spreads to state and local governments, once reliable bastions of employment security.
Source: L.A. Times - Business | 18 Jul 2009 | 7:00 am Luxury hotel chains make a play for business travelersRitz-Carlton and Loews Hotels are among those offering special deals.The drop in business and group travel because of the recession has dealt a body blow to airlines and hotels.
Source: L.A. Times - Business | 18 Jul 2009 | 7:00 am Obama advisor Lawrence Summers defends $787-billion stimulus planCurrent employment trends do not 'provide a basis for concluding that the Recovery Act is falling short of its goals,' he says. However, rising unemployment is 'a major area of concern.'President Obama's chief economic advisor, former Treasury Secretary Lawrence H. Summers, defended the administration's massive program for fighting the recession, saying it was on track and beginning to show results despite continuing bad news on unemployment.
Source: L.A. Times - Business | 18 Jul 2009 | 7:00 am Commerce Casino tries its luck with off-track bettingThe casino is the first of 45 new OTB sites allowed under a 2007 state law to boost the horse racing industry. Betting at Commerce begins this weekend.Horse racing, in a comeback bid, is headed for a casino near you.
Source: L.A. Times - Business | 18 Jul 2009 | 7:00 am Bank of America beats expectations with $3.22-billion second-quarter profitThe earnings come with the help of a one-time gain from the sale of an asset. The bank continues to struggle with serious problems in its loan portfolio.Bank of America Corp. joined this week's parade of financial giants reporting huge second-quarter profits, but only with the help of a one-time gain.
Source: L.A. Times - Business | 18 Jul 2009 | 7:00 am Troubled CIT is part of the garment industry's fabricClothing retailers don't pay upfront, so manufacturers rely on the big lender for loans and for guidance on which retailers are creditworthy. ...Source: RSS feed - channel BNPaperBusiness | 18 Jul 2009 | 7:00 am Univision prevails against Grupo Televisa in fight over telenovela episodes on the InternetA federal judge in Los Angeles rules that a programming agreement the companies struck in 1992 gives Univision exclusive rights to broadcast the Spanish-language soap operas in the U.S.A federal judge in Los Angeles on Friday handed Univision Communications a major victory in its hard-fought battle with its programming partner from Mexico, underscoring Univision's exclusive rights in the U.S. to the wildly popular Spanish-language soap operas that fuel its huge ratings.
Source: L.A. Times - Business | 18 Jul 2009 | 7:00 am Univision prevails against Grupo Televisa in fight over telenovela episodes on the InternetA federal judge in Los Angeles rules that a programming agreement the companies struck in 1992 gives Univision exclusive rights to broadcast the Spanish-language soap operas in the U.S. ...Source: RSS feed - channel BNPaperBusiness | 18 Jul 2009 | 7:00 am NBC Universal's operating profit tumbles 41% in 2nd quarterThe media division of General Electric is hurt by the continued slump in advertising and weaker performance of its movies.NBC Universal, beset by the continued slump in advertising and weaker performance of its movies, is no longer quite the profit star in General Electric Co.'s universe.
Source: L.A. Times - Business | 18 Jul 2009 | 7:00 am Bank of America beats expectations with $3.22-billion second-quarter profitThe earnings come with the help of a one-time gain from the sale of an asset. The bank continues to struggle with serious problems in its loan portfolio. ...Source: RSS feed - channel BNPaperBusiness | 18 Jul 2009 | 7:00 am Stocks open lower after latest earnings reportsNEW YORK -- More mixed signals on the economy and earnings reports are sending stocks lower in early trading.Source: RSS feed - channel BNPaperBusiness | 18 Jul 2009 | 7:00 am Job losses mount among California government workersUnemployment in the state holds steady at 11.6% in June, but the outlook worsens in the public sector. The state loses 6,700 government jobs in June and continues to furlough workers and cut services...Source: RSS feed - channel BNPaperBusiness | 18 Jul 2009 | 7:00 am Southland ports' June decline in traffic 'a concern'Unlike most major U.S. ports, L.A. and Long Beach received less cargo than they had in May.Cargo traffic at most of North America's busiest seaports in June crept slightly above the recession-wracked numbers recorded in May -- but not at the ports of Los Angeles and Long Beach, the nation's biggest freight complex.
Source: L.A. Times - Business | 18 Jul 2009 | 7:00 am Getting richer on Wall Street? The tax man hopes soOdds are that your 401(k) account isn't nearly back to where it was before the markets collapsed last fall.
Source: L.A. Times - Business | 18 Jul 2009 | 7:00 am NBC Universal's operating profit tumbles 41% in 2nd quarterThe media division of General Electric is hurt by the continued slump in advertising and weaker performance of its movies. ...Source: RSS feed - channel BNPaperBusiness | 18 Jul 2009 | 7:00 am Luxury hotel chains make a play for business travelersRitz-Carlton and Loews Hotels are among those offering special deals. The drop in business and group travel because...Source: RSS feed - channel BNPaperBusiness | 18 Jul 2009 | 7:00 am Obama advisor Lawrence Summers defends $787-billion stimulus planCurrent employment trends do not 'provide a basis for concluding that the Recovery Act is falling short of its goals,' he says. However, rising unemployment is 'a major area of concern.' ...Source: RSS feed - channel BNPaperBusiness | 18 Jul 2009 | 7:00 am Commerce Casino tries its luck with off-track bettingThe casino is the first of 45 new OTB sites allowed under a 2007 state law to boost the horse racing industry. Betting at Commerce begins this weekend. ...Source: RSS feed - channel BNPaperBusiness | 18 Jul 2009 | 7:00 am Getting richer on Wall Street? The tax man hopes soOdds are that your 401(k) account isn't nearly back to where it was before the markets collapsed last fall.Source: RSS feed - channel BNPaperBusiness | 18 Jul 2009 | 7:00 am Yahoo board member Icahn wants Microsoft dealSAN FRANCISCO/SEATTLE (Reuters) - Activist investor Carl Icahn spoke out in favor of a search deal between Yahoo Inc and Microsoft Corp, as talks between the two companies appeared to regain momentum.Source: Reuters: Business News | 18 Jul 2009 | 4:18 am Resurgent Wall Street to be tested by earnings, Fed (AFP)
Source: Yahoo! News: Stock Markets News | 18 Jul 2009 | 4:02 am U.S. Venture Investment Picks Up in Q2 to Reach $5.27 Billion, Still Down from Year AgoSource: RSS feed - channel BNewsBusiness | 18 Jul 2009 | 4:01 am Market Snapshot: Stock investors look for crush of earnings aheadThe U.S. stock market faces an onslaught of earnings after getting a major lift from surprisingly upbeat results from a slew of big-name players, helping the major indexes to a 7% gain last week.
Source: MarketWatch.com - Top Stories | 18 Jul 2009 | 4:01 am U.S. Venture Investment Picks Up in Q2 to Reach $5.27 Billion, Still Down from Year AgoDow Jones VentureSource Finds Overall VC Deals & Investment at 2005 Levels; Health Care Buoys Industry While IT Investments Hover at 12-Year Low SAN FRANCISCO and NEW YORK,...Source: RSS feed - channel BNewsBusiness | 18 Jul 2009 | 4:01 am UPDATE 5-CIT talks to bondholders; bankruptcy still feared* CIT shares moderate gains, bonds up Friday (Recasts to update status of talks)Source: RSS feed - channel BNewsBusiness | 18 Jul 2009 | 3:49 am Bank profits not as impressive as they seemThe big banks are making big money again, but they won't be back to health as long as they have to deal with a recession and customers defaulting on mortgages and credit cards. The...Source: RSS feed - channel BNewsBusiness | 18 Jul 2009 | 3:15 am SemGroup cash too tied up with Goldman - oil makersNEW YORK, July 17 (Reuters) - A group of oil producers says bankrupt oil and gas company SemGroup LP [SEMGP.UL] does not have enough cash on hand to pay them the hundreds of millions of dollars they say...Source: RSS feed - channel BNewsBusiness | 18 Jul 2009 | 2:27 am Earnings to decide stocks' fate (Reuters)
Source: Yahoo! News: Stock Markets News | 18 Jul 2009 | 2:20 am Earnings to decide stocks' fateNEW YORK (Reuters) - Earnings are set to take center stage again next week as more marquee U.S. companies line up to report their quarterly scorecards and investors decide whether to keep pushing stocks higher.Source: Reuters: Business News | 18 Jul 2009 | 2:20 am Earnings to decide stocks' fate (Reuters)
Source: Yahoo! News: Business | 18 Jul 2009 | 2:20 am UPDATE 3-Legendary U.S. TV news anchor Walter Cronkite diesNEW YORK, July 17 (Reuters) - Former CBS News anchor Walter Cronkite, whose authoritative delivery of news events from the John F. Kennedy assassination to the Apollo moon landing and Vietnam War, made...Source: RSS feed - channel BNewsBusiness | 18 Jul 2009 | 2:15 am Indonesia bombings threaten Bali tourist recoveryDeadly bombings in Indonesia's capital have rattled tourism operators on the holiday island of Bali, which is still recovering from bloody terror attacks from seven years ago. The...Source: RSS feed - channel BNewsBusiness | 18 Jul 2009 | 2:00 am Regulators shut banks in Calif., Ga. and SDRegulators on Friday shut two banks in California and two smaller banks in Georgia and South Dakota, boosting to 57 the number of federally insured banks to fail this year. The Federal...Source: RSS feed - channel BNewsBusiness | 18 Jul 2009 | 1:53 am GM's unlikely collectible...Pontiac SolsticeSource: Business and financial news - CNNMoney.com | 18 Jul 2009 | 1:30 am America's best loved carsIn J.D. Power's latest survey, new vehicle owners rate just how much they love their cars and trucks. The results include some pretty big surprises.Source: Business and financial news - CNNMoney.com | 18 Jul 2009 | 1:18 am Cronkite dies at 92Walter Cronkite, the long-time CBS News anchorman once called "The Most Trusted Man in America," has died, according to reports published late Friday. He was 92.
Source: MarketWatch.com - Top Stories | 18 Jul 2009 | 1:04 am Porsche CEO may lose control in VW deal: WSJPorsche Automobil Holding SE Chief Executive Wendelin Wiedeking is expected to relinquish "operational control" of the German car maker in a reversal of its attempt to take over Volkswagen AG.
Source: MarketWatch.com - Top Stories | 18 Jul 2009 | 12:10 am Stocks to Watch: Stocks in focus for MondayAmong the companies whose shares are expected to see active trade in Monday's session are Boston Scientific Corp., Eaton Corp., Halliburton Co., Hasbro Inc., Johnson Controls Inc., Legg Mason Inc., M&T Bank Corp., Texas Instruments Inc., Weatherford International Ltd. and Zions Bancorp.
Source: MarketWatch.com - Top Stories | 18 Jul 2009 | 12:08 am Hear: How We Get PaidOn today's Planet Money: -- We asked you to share your stories about how you get paid. Today we hear from real estate agent Rachel Nelson, who says she likes working on commission, and mechanic Raymond McMormick who pays his staff using a piece rate system. -- Robert Frank, author of the Economic Naturalist's Field Guide, lays out the benefits and problems of merit based pay using the Planet Money Staff as an example. Bonus: An indicator from the dairy aisle. Download the podcast; or subscribe. Intro music: Matt & Kim's "Daylight." Find us: Twitter/ Facebook/ Flickr. Brandon M. sends this economic indicator: 0. As in the rate of of growth in June for the dairy department that I manage at a natural food maketplace in Prescott, AZ. It's actually a positive indicator considering that the last six months have had negative growth (retraction). The store as a whole remains at about -2% growth. This is good news considering that my department tends to be a bellweather for the rising trend within the store, and the summer time tends to be a slower time of year for the store in general. I have actually been able to give three out of the four people who work under me raises in their hourly rates within the last two months and my labor hours have remained steady in the last two months. Hoping that this green shoot sheds some positive light for others on the economy. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 18 Jul 2009 | 12:00 am BA fund makes a calculated gambleBritish Airways suddenly has an extra mile of runway to get airborne again. Yesterday’s capital-raising and the unusual sacrifice by its pension funds have together given the stricken company the breathing space to keep trundling along till economic conditions provide some lift. Source: Latest Business News from Times Online | 18 Jul 2009 | 12:00 am Management team rushes in as failure of Allied Carpets puts 1,100 jobs at riskAllied Carpets became one of the biggest high street casualties of the recession yesterday after it collapsed into administration, putting nearly 1,100 jobs at risk. Source: Latest Business News from Times Online | 18 Jul 2009 | 12:00 am Smith Barney sale allows Citigroup to show profitVikram Pandit defended his stewardship of Citigroup yesterday after squeezing second-quarter profits of $4.3 billion (£2.6 billion) out of gains from the sale of the bank’s Smith Barney broking business. Source: Latest Business News from Times Online | 18 Jul 2009 | 12:00 am At leisure: Stuart Chambers of Nippon Sheet Glass can see all things clearlyJapan may suffer from a drastic lack of oil, minerals and young people, but there is one natural resource that the country will never run out of: adoring, moist-eyed references to Mount Fuji. Source: Latest Business News from Times Online | 18 Jul 2009 | 12:00 am Top BBC executives’ expenses claims total £800,000 over five yearsSenior BBC executives made expenses claims totalling nearly £800,000 over the past five years, according to figures released yesterday by the corporation. Source: Latest Business News from Times Online | 18 Jul 2009 | 12:00 am Redundancy fears rise as Ripplewood eyes VauxhallMore doubt was cast on the job security of 5,000 Vauxhall workers after an American private equity group said that it would eliminate 10,000 jobs if it won control of General Motors Europe. Source: Latest Business News from Times Online | 18 Jul 2009 | 12:00 am Friends in counter-offensive with offer for ResolutionFriends Provident turned the tables on its insurance predator, Resolution, yesterday as City regulators put the proposed tie-up under close scrutiny. Source: Latest Business News from Times Online | 18 Jul 2009 | 12:00 am General Electric profits halve as heavy industrial units feel weight of recessionGeneral Electric, America’s largest conglomerate, has reported a drop in second-quarter profits of almost 50 per cent, warning investors that the global recession, which has weighed on its finance and media businesses, is affecting its heavy industrial units, too. Source: Latest Business News from Times Online | 18 Jul 2009 | 12:00 am Troubled CIT calls for $2bn infusionCIT Group was in crisis talks on Friday night with a small group of its bondholders to and its advisors were still meeting with a small group of holders of their debt in an effort to cobble together a rescue financing for the embattled lenderthat would stave off a bankruptcy filingSource: Financial Times - US homepage | 17 Jul 2009 | 11:55 pm Citi and BofA fail to allay fearsCitigroup and Bank of America, two of the biggest victims of the crisis, failed to dispel investor fears over their future after reporting second-quarter profits that were boosted by large one-off gainsSource: Financial Times - US homepage | 17 Jul 2009 | 11:43 pm Cadbury workers 'vote on strike'Cadbury workers begin voting on possible strike action on Saturday, according the union Unite.Source: BBC News | Business | World Edition | 17 Jul 2009 | 11:35 pm Wall St scores best week in 4 months with IBM's helpNEW YORK (Reuters) - U.S. stocks closed out their best week in four months on Friday on a flat note as strong earnings from IBM softened the blow of disappointing results from General Electric Co .Source: Reuters: Business News | 17 Jul 2009 | 10:56 pm Walker heads off in right directionOf all the proposed reforms designed to prevent another Royal Bank of Scotland disaster, curbing bankers’ bonuses is just about the least important. Source: Latest Business News from Times Online | 17 Jul 2009 | 10:55 pm Georgia, South Dakota banks closedWinder, Ga.-based First Piedmont Bank and Sioux Falls, S.D.-based BankFirst are closed by regulators, bringing the number of U.S. bank failures in 2009 to 55.
Source: MarketWatch.com - Top Stories | 17 Jul 2009 | 10:49 pm TV ads boost Obama health reformsCheerleading TV campaigns are being used to force a quick vote in CongressSource: Financial Times - US homepage | 17 Jul 2009 | 10:44 pm Citigroup losses masked by Smith Barney gainNEW YORK (Reuters) - Citigroup Inc on Friday said loan losses surged again in the second quarter, yet gains from selling most of its Smith Barney brokerage helped the company report the highest profit among big U.S. banks.Source: Reuters: Business News | 17 Jul 2009 | 10:31 pm Real Estate Weekly: Does jump in housing starts signal a turnaround?This week’s news of a jump in housing starts prompted some to wonder if the housing market has turned a corner.
Source: MarketWatch.com - Top Stories | 17 Jul 2009 | 10:31 pm Eisenbeis Sees Need for Independent Fed, Feasible Exit StrategySource: Bloomberg - All Podcasts | 17 Jul 2009 | 10:26 pm Any volunteers for a TV station where you are?Back in 1970, Joan Bakewell likened television executives to the monastic clergy. The remark came in her book The New Priesthood: British Television Today, co-written with Nicholas Garnham. Their argument was built on an observation by Coleridge that the role of the monastic clergy was “to preserve the stories and to guard the treasures of past civilisation and thus to bind the present with the past”. Source: Latest Business News from Times Online | 17 Jul 2009 | 10:23 pm How the major stock indexes fared on Friday (AP)AP - Stocks ended little changed but held onto an enormous gain for the week. Investors are looking to another flood of corporate earnings reports next week to provide more signs that the economy is healing. Earnings reports on Friday were mixed. Bank of America Corp. and Citigroup Inc. became the latest banks to report big profits but also weakness in their loan portfolios. General Electric Co. beat earnings forecasts, but its revenue came up short.Source: Yahoo! News: Stock Markets News | 17 Jul 2009 | 10:22 pm Stocks cap strong week with mixed finish (AP)
Source: Yahoo! News: Stock Markets News | 17 Jul 2009 | 10:17 pm Write-Offs: 07.17.09$$$ A $10 billion Saudi fraud claim [The Economist] $$$ Mark Cuban will not be commenting on the dropped charges but damn it feels good to be able to get to what really matters: training for the next season of Dancing With The Stars. [MC's Twitter] $$$ Buy Ralph Cioffi's Southampton house [Cityfile] $$$ Interview with Barney Frank on his plan to legalize pot [Boing Boing] $$$ Job of the Week: Morgan Stanley needs an investment bank executive director. You. [DB Career Center] $$$ Goldman makes peace with GoldmanSachs666 blogger in trademark case [Reuters] $$$ Ex-Merrill Lynch Employee Now Competitive Yo-Yo-er [WSJ] 
Sponsored Topics: Morgan Stanley - Merrill Lynch - Barney Frank - Twitter - Investment Banks Source: Dealbreaker | 17 Jul 2009 | 10:05 pm Presented By:Source: Dealbreaker | 17 Jul 2009 | 10:05 pm Call For Submissions: The All-Dealbreaker Under 30 TeamPicking up where the expired Trader Monthly left off, Dealbreaker is compiling our own who's who list of buy-side all-stars (which you will be able to select for your DB fantasy team at a later date). We're taking nominations now. Info we'll need on your draft picks: - Age - Current Firm - Previous Firm(s) if any - Position - Sector/Asset Class - College - Hometown
Sponsored Topics: Trader Monthly - Sport - Fantasy - Dealbreaker - Draft Source: Dealbreaker | 17 Jul 2009 | 10:00 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 | 17 Jul 2009 | 9:57 pm AIG files for shelf, shares drop 3.8 pctNEW YORK (Reuters) - American International Group Inc filed a shelf registration statement with U.S. regulators on Friday, giving it the capability to issue common or preferred stock in the future.Source: Reuters: Business News | 17 Jul 2009 | 9:45 pm CIT collapse could ripple through retail industry (AP)
Source: Yahoo! News: Business | 17 Jul 2009 | 9:22 pm Wall St scores best week in 4 months with IBM's help (Reuters)
Source: Yahoo! News: Stock Markets News | 17 Jul 2009 | 9:21 pm Wall St scores best week in 4 months with IBM's help (Reuters)
Source: Yahoo! News: Business | 17 Jul 2009 | 9:21 pm The Potential Consequences of Goldman's Involvement In CITAs Jamie Dimon's dinner date decides what role his firm will have in the CIT saga, hopefully Lloyd Blankfein will take Jon Stewart's words to heart and consider that a lot more is on the line than just saving CIT.
Sponsored Topics: Daily Show - Jon Stewart - Jamie Dimon - Lloyd Blankfein - Daily Show With Jon StewartMon Source: Dealbreaker | 17 Jul 2009 | 9:15 pm Treasury Cancels Plans To Put Cartoonist On Payroll
This is not the way we wanted to end a summer Friday but so be it. It's slit your wrists time in DC, people. I honestly don't even know how Geithner's team, clearly in need of some sort of release via comedic relief, can be expected to work anymore. I hope the Senator who put the kibosh on this realizes any progress we may have made getting out of this mess will now be compromised. The one glimmer of hope is that we're told there might be the possibility of one of those street artists who does the caricatures of tourists coming in once a month, but it's not the same and you know it. The Treasury Department is scrapping plans to hire a cartoonist to lighten the mood of its employees who manage the nation's $1.2 trillion debt, after a senator questioned its merits. The effort was canceled because it had become "more of a distraction than an opportunity," an official said.
Sponsored Topics: United States - United States Department of the Treasury - Government debt - Treasury Department - Government spending Source: Dealbreaker | 17 Jul 2009 | 9:10 pm Judge dismisses SEC complaint against Cuban (AP)
Source: Yahoo! News: Business | 17 Jul 2009 | 9:08 pm Judge dismisses SEC complaint against Cuban (AP)
Source: Yahoo! News: Stock Markets News | 17 Jul 2009 | 9:08 pm Unusual Options Trading in Mosaic, Options Price Predicting (MOS, VALE)We saw very unusual options trading late today during the last hour of trading in shares of Mosaic Co. (NYSE: MOS). This is the day after reports that Brazil’s Vale S.A. (NYSE: VALE) was interested in the company as one of the possible acquisitions in the potash and agri-business. We also saw a late-day sudden [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 17 Jul 2009 | 9:06 pm In France: Another Way to NegotiateThe New York Times reports that some French workers have kidnapped their bosses, and others are threatening to blow up their own factories (a bluff, they admit) if employers won't negotiate with them. (The photo in the paper showed workers playing ping-pong.) The threats reminded me of another story » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 17 Jul 2009 | 9:03 pm Bank of America credit losses soar, profit fallsNEW YORK (Reuters) - Bank of America Corp, the largest U.S. bank, posted a quarterly profit that topped Wall Street forecasts but warned of a fresh surge in soured loans to credit card, mortgage and business customers.Source: Reuters: Business News | 17 Jul 2009 | 8:57 pm Wall Street mostly higher, Dow makes five-day rally (AFP)
Source: Yahoo! News: Stock Markets News | 17 Jul 2009 | 8:53 pm Hit by a bankruptcy that isn't yours"Bankruptcy" isn't a word business owners want linked to their venture, but when a franchise company goes broke, independent operators get branded by association -- even if their own store remains healthy and profitable.Source: Business and financial news - CNNMoney.com | 17 Jul 2009 | 8:51 pm Does Hot Weather Hurt The Economy?
My Climate is Better Than Yours. From "Principles of Human Geography", 1922 This morning we aired a story about new research by economists at MIT indicating that poor countries take a hit to their GDP in years where the average temperature is higher than normal. The results are surprising in part because this is an idea that seemed too simple to be true. It dates back hundreds of years as a possible explanation for why hot countries tend to be poorer than those in cooler climates. Above is an excerpt from the 1922 book "Principles of Human Geography" which I don't think would hold up to modern scientific standards. It's kind of a grand-unified-theory of how climate dictates everything. "In an invigorating climate it is also easier to be honest and sober and self-controlled than in a more enervating one." The research by Ben Olken and colleagues doesn't claim that climate is all important. But they do find hot years seem to impact the economic growth of poor countries. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 17 Jul 2009 | 8:33 pm AIG Files To Raise Cash (AIG)American International Group, Inc. (NYSE: AIG) has filed an automatic shelf registration statement with the SEC. While no dollar amount was set and while no financial terms were listed, everyone knows that AIG needs cash more than a homeless junkie. The company listed common and preferred stock as the securities it can sell under this [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 17 Jul 2009 | 8:29 pm Judge throws out SEC complaint against Mavs owner (AFP)
Source: Yahoo! News: Stock Markets News | 17 Jul 2009 | 8:29 pm Friends Provident 'PacMan' defence on ResolutionInsurer Friends Provident details its terms for merger with Clive Cowdery's Resolution after rejecting shareswap offer earlier this week.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Jul 2009 | 8:17 pm Exxon's Efforts To Help T. Boone Pickens
Compared with paying close to $5 billion for offloading 11 million gallons of crude into Prince William Sound, threatening Exxon with raiding its petty cash jar for $1 billion for its unique environmental program seems downright punitive.
Sponsored Topics: ExxonMobil - Prince William Sound - Texas - t boone pickens - Energy Source: Dealbreaker | 17 Jul 2009 | 8:16 pm Small talk: Wintour, sun, TSA ripoffsMarketplace's Brendan Newnam and Rico Gagliano talk with fellow staffers Deb Clark, Stacey Vanek-Smith and Jeremy Hobson about under-the-radar business stories: Anna Wintour's 'shop more' campaign, sunshine insurance and TSA security guards/thieves.Source: Marketplace | 17 Jul 2009 | 8:04 pm Oil rebounds above $63 a barrelOil rebounds above $63 a barrel in New York, buoyed by US data suggesting the property market is on firmer ground.Source: BBC News | Business | World Edition | 17 Jul 2009 | 8:03 pm Troubled CIT 'talks with lenders'Troubled US bank CIT says it is in talks to secure financing, as its shares jump on hopes it may avoid bankruptcy.Source: BBC News | Business | World Edition | 17 Jul 2009 | 7:47 pm Oil rises 2.5 pct after U.S. housing dataNEW YORK (Reuters) - Oil prices rose 2.5 percent on Friday, staging their first weekly gain in a month, after U.S. housing data sparked optimism that a battered sector of the economy may be primed for recovery.Source: Reuters: Business News | 17 Jul 2009 | 7:44 pm Friends Provident's defensive move against Resolution is a bad marketing ployThe insurer has simply nicked Resolution's idea and marketed it as its own. This succeeds only in revealing how bereft it is of its own ideas thus reinforcing its lack of credibility.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Jul 2009 | 7:44 pm JPMorgan Analyst Picks Up Food Eating Challenge
DONE: Special K bar, Wheat Thins, Oreo Snack cookies, Pop Corn (unpopped), Lays Potato Chips, Kit Kat, Gold Roll Pretzels, M&Ms Peanuts, Doritos, Almond Joy, Cheetos, Sun Chips Cheddar, Frito Lays Original, Cheez-It, Gold Honey Wheat Braids, Fig Newtons, Oreo Cookies, Short Bread Cookies, Pop Tarts Strawberry, Famous Amos Chocolate Chips, Animal Crackers, Twizzlers, Snack Wells Crème Sandwich, Twix, Rice Krispy Treat. LEFT:M&Ms, Starburst, Ruger Wafers Chocolate, Ruger Wafers Vanilla, Snickers, 3 Musketeers, Hershey Bar, Raisinets, Welch's Fruit Snacks, Skittles. We'll keep you posted. Update: "Two of those Ruger Waffers and five blue M&Ms to go." Update II: DONE. We're now told it was a 4-hour time limit (so: really that hard?), with $1,000 at stake.
Sponsored Topics: Hershey Bar - Snickers - Twix - 3 Musketeers - Food Source: Dealbreaker | 17 Jul 2009 | 7:41 pm Novartis Raised to `Overweight' From `Neutral' at JPMorganSource: Bloomberg - All Podcasts | 17 Jul 2009 | 7:40 pm Top US adviser applauds stimulusUS President Barack Obama's stimulus package is working, says top White House economic adviser Lawrence Summers.Source: BBC News | Business | World Edition | 17 Jul 2009 | 7:32 pm Cost cuts see Mattel profits jumpToymaker Mattel reports a big rise in quarterly profits, as cost cutting more than offsets a slump in sales.Source: BBC News | Business | World Edition | 17 Jul 2009 | 7:29 pm Bank of America credit losses soar, profit falls (Reuters)
Source: Yahoo! News: Business | 17 Jul 2009 | 7:27 pm Patel Sees Bonds Outperforming Equity Markets in 2009Source: Bloomberg - All Podcasts | 17 Jul 2009 | 7:24 pm Willie Walsh has solved BA's cash problem but there are plenty more issues to addressWillie Walsh has done a smart thing raising £350m through a convertible bond.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Jul 2009 | 7:22 pm Google says YouTube on track for first profitThe popular online video site is finally on track to turn its first profit for parent Google, thanks mostly to two forms of online advertising that the group once largely scornedSource: Financial Times - US homepage | 17 Jul 2009 | 7:06 pm GE revenue trails estimates, CEO lowers outlookBOSTON (Reuters) - General Electric Co warned investors that the economic contagion that has dragged down its finance and media businesses has spread to its heavy industrial units, prompting Chief Executive Jeff Immelt to lower his profit forecast for those businesses.Source: Reuters: Business News | 17 Jul 2009 | 7:04 pm Aviva to sell £800m property portfolio to ChesterAviva Investors the assetmanagement arm of the UK insurer is closing in on the sale of an £800m property portfolio to Chester Properties.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Jul 2009 | 7:04 pm Meddings refuses to be led astray by race guide's blandishmentsWell done Richard Meddings the Standard Chartered finance director of who ran Thursday's Great City Race blindfolded for the Seeing is Believing charity.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Jul 2009 | 7:03 pm Casting lots with home ownershipAlyssa Katz's book, "Our Lot: How Real Estate Came to Own Us" provides a historical look at how and why we buy homes, and when the real estate market turned scary. She talks with Tess Vigeland.Source: Marketplace Money | 17 Jul 2009 | 6:58 pm 'It just got worse and worse and worse'Las Vegas had one of the nation's hottest economies when home prices were rising. Now, many of those who rode the real estate wave are wiped out. Reporter Krissy Clark meets a former mortgage broker who's trying to make a life after living through the boom's rise and fall.Source: Marketplace Money | 17 Jul 2009 | 6:57 pm Web tools make finances more personalATMs are no longer novel. Checking your balance online? Old news. For the very latest in Web personal finance tools, Tess talks to CNET's Brian Cooley.Source: Marketplace Money | 17 Jul 2009 | 6:57 pm 'Daddy helper' makes frugality easierWith no money for camp, Hodding Carter IV is taking his kids' summer entertainment upon himself. That includes helping Dad make mead, an ancient kind of wine, to take the edge off so much quality time.Source: Marketplace Money | 17 Jul 2009 | 6:57 pm Getting PersonalTess Vigeland and Chris Farrell answer listeners' personal finance questions about changes to Roth IRA accounts, where to get the best interest rates on student loans, whether using online tools to write a will is a good idea, and more.Source: Marketplace Money | 17 Jul 2009 | 6:57 pm It's real estate musical chairsTess Vigeland talks with a couple who've become "accidental landlords." Instead of selling their old home to buy a new one, they're renting out the old place. And the couple moving in? They're renting out their previous home, too.Source: Marketplace Money | 17 Jul 2009 | 6:57 pm Straight Story: Balance work-life needsEconomics Editor Chris Farrell says former General Electric CEO Jack Welch's contention that women can't succeed in business without sacrificing family life is nonsense. He says more family-friendly policies are needed in business.Source: Marketplace Money | 17 Jul 2009 | 6:57 pm Entrepreneurs see upside in downturnWhile the recession has hit big industries hard, some entrepreneurs have been well-positioned to weather the tough times. Marketplace's Mitchell Hartman talks to small-business owners whose new enterprises are doing quite well.Source: Marketplace Money | 17 Jul 2009 | 6:57 pm Recession squeezes 2-year schoolsWith the costs of four-year colleges rising and laid-off workers needing to learn new skills, enrollment at community colleges is way up. But the two-year schools are struggling to meet the demand in the face of budget cuts. Tamara Keith reports.Source: Marketplace Money | 17 Jul 2009 | 6:57 pm Nicola Horlick given 20pc pay rise at troubled BramdeanNicola Horlick's asset management company received a 20pc pay increase last year from Bramdean the troubled alternatives fund despite losing millions of investors' cash with US fraudster Bernard Madoff.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Jul 2009 | 6:49 pm Heymann Sees GE Capital Converting to BankSource: Bloomberg - All Podcasts | 17 Jul 2009 | 6:47 pm Rio Tinto denies bribing Chinese steel makersRio Tinto has strongly denied claims that four of its employees who were arrested almost two weeks ago were involved in bribing Chinese steel makers for access to "state secrets".Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Jul 2009 | 6:44 pm S&P "Solution" Almost Worse Than Initial ProblemHaving been on the leading edge of AAA-rated financial destruction, S&P is now turning up the intensity and cleaning the mess it made by proposing "solutions" that will make a bad situation even worse. As has been well documented, one of the main problems for S&P and the other rating agencies was a near blind faith reliance on their internal models to make rating decisions and being simply overmatched by their Wall St. counterparts. To combat this, S&P recently indicated that it intends to introduce a revolving door philosophy and rotate analysts through different assignments. So S&P believes that rating integrity will improve by creating a legion of temporary analysts to opine on the credit quality of complex products that its dedicated analysts got dead wrong for years. Bogus AAAs are clearly here to stay.
Sponsored Topics: Philosophy - Credit rating - Standard & Poor - Business - Math Source: Dealbreaker | 17 Jul 2009 | 6:44 pm Tim Geithner To Testify On Bank Of America-Merrill Deal?
If Representative Patrick McHenry has his way. The Congressman from North Carolina (one of KL's drinking buddies?) went on Fox Business to argue that this thing is not over until we get to hear from the then NY Fed chair, re "what he did, what his actions were," and whether they entailed backing up Paulson's threat (and/or making his own) or clutching his knees and crying while rocking back and forth on the floor of his office.
Sponsored Topics: North Carolina - KenLewis - Bank of America - New York - United States Source: Dealbreaker | 17 Jul 2009 | 6:39 pm GM call for final bids sparks fresh fears for Vauxhall workersGM has effectively reopened the bidding process for Opel and Vauxhall by asking interested parties to submit final proposals by Monday.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Jul 2009 | 6:38 pm UKFI lines up banks to help in Lloyds and RBS saleInvestment banks are being lined up to help the Government offload its £70bn stake in Britain's two partnationalised lenders RBS and Lloyds.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Jul 2009 | 6:26 pm Postelection tax rises need not be inevitableTelegraph View Politicians should tackle excessive public spending before contemplating punitve tax cuts.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Jul 2009 | 6:25 pm What Five Cents Won't Buy You
Three inches of manila rope. Cost: $0.05. Jesse Johnson We sent Planet Money intern Matt Katz out around Manhattan today to look for things that cost 5 cents or less. Before Matt left, some of our Twitter crowd suggested the hardware store might be a good place to look. Listener Jesse Johnson thought the same thing, but says it wasn't as easy as he expected. He writes: When I saw your request for photos of items you could buy for five cents, I had to jump at the opportunity. As a teenager not too long ago, I worked as an associate for my local hardware store. I keenly remember frequent sub-dollar totals at the register and thought the assignment would be a breeze -- boy was I in for a surprise. After strolling aimlessly isle by isle, I was unable to locate a single screw, washer, nut or bolt for less than seven cents. Dismayed I took a trip to the bulk section and found the cheapest rope was sold for twenty cents a foot. For your consideration, I submit a photo of three inches of quarter inch manila rope. Will Totten of Saint Paul, Minn. had similar luck. He writes: I was actually surprised to see that most of these small hardware parts had passed your nickel "limit". The washers were 9 cents each and the lock nuts were 14 cents apiece. (If you need a box of 100 of something, the unit price is much lower, of course.) Will did find one item that meets our criteria -- a single drywall screw. 
Drywall screw in Minnesota. Cost: $0.05. Will Totten » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 17 Jul 2009 | 6:20 pm Pimco's Crescenzi Sees U.S. `Stepping Back' From CIT BailoutSource: Bloomberg - All Podcasts | 17 Jul 2009 | 6:20 pm Turkey drags its smokers outdoorsHard-smoking Turks, who puff their way its way through more than 100bn cigarettes a year, are about to be banned from lighting up indoors in cafés, bars and restaurantsSource: Financial Times - US homepage | 17 Jul 2009 | 6:20 pm Polini Says JPMorgan May Bid for CITSource: Bloomberg - All Podcasts | 17 Jul 2009 | 6:06 pm Hedge funds sued to recover Madoff moneyIrving Picard, the trustee charged with recovering money for investors in Bernard Madoff’s Ponzi scheme, is suing four offshore hedge funds in an attempt to claw back nearly $870mSource: Financial Times - US homepage | 17 Jul 2009 | 6:05 pm Put Down Your Laptop and OM a Little: Interview with Susan Piver
Susan Piver is the author of several books including Quiet Mind: A Beginner’s Guide to Meditation and her latest, How Not to Be Afraid of Your Own Life. I had the good fortune to take a brief meditation instruction from Piver at a recent writer’s workshop. Although my jury’s still out on inner peace, I have to admit, five minutes of concentrated nothing certainly was the medicine I needed that day. It was enough to make me want to know more, so I asked Ms. Piver if she’d answer a few questions.
The name of your last book is intriguing - what do you mean by being ‘afraid of your own life’?SP: Most people are too afraid to simply be who they are. Most of us have trouble even figuring out who we are — our unique personal presence — through all the advertising, parental admonitions, and cultural conventions. Instead of knowing ourselves, we try to stereotype ourselves in our own minds to fit neat categories. Meditation practice can help enormously. It teaches you to observe with who you really are, without judgment.
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