|
|
|
|
Ericsson wins auction for Nortel’s wireless assetsSweden’s Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks in a deal valued at $1.13bn, Nortel saidSource: Financial Times - US homepage | 25 Jul 2009 | 12:06 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 20-24:
Source: MarketWatch.com - Top Stories | 25 Jul 2009 | 12:00 pm Can Citigroup (C) Renege On $100 Million Pay Package?According to a report in The Wall Street Journal, the head of the Citigroup (C) energy trading unit has a contract that could bring him as much as $100 million in compensation this year. The government’s new “pay czar” may have something to say about that because of the 34% interest that taxpayers hold in the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 25 Jul 2009 | 11:32 am Effective Anti-Smoking Ad
Source: Business Pundit | 25 Jul 2009 | 11:21 am Ericsson buys a North American chunk of NortelSwedish telecoms manufacturer Ericsson said Saturday it is buying a North American chunk of Canada's failed Nortel Networks for 1.13 billion dollars (795 million euros). In a statement,...Source: RSS feed - channel BNewsBusiness | 25 Jul 2009 | 11:17 am Investors Flee Full-Service BrokersMany investors feel that their brokers led them astray when the market collapsed. Brokers may not have suggested moving money to safehavens, or they may have suggested that clients double down as the market dropped as a means to make up losses. The trouble is that the market in most stocks and mutual funds kept [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 25 Jul 2009 | 11:16 am State of the states: BrokeThe bad news about state budgets just keeps getting worse. Only three weeks into the new fiscal year, gaps are already opening up. And the shortfalls are only expected to grow.Source: Business and financial news - CNNMoney.com | 25 Jul 2009 | 10:58 am Get ready for banking's next headacheRegional banks can no longer ignore the elephant in the room -- their exposure to the commercial real estate bust.Source: Business and financial news - CNNMoney.com | 25 Jul 2009 | 10:55 am Obama plays up small biz health care painTrying to marshal support for health-care reform, President Obama's Council of Economic Advisers on Saturday released a report outlining the dire effects the current system has on small companies and their workers.Source: Business and financial news - CNNMoney.com | 25 Jul 2009 | 10:53 am Obama touts healthcare plan for small businesses (Reuters)
Source: Yahoo! News: Business | 25 Jul 2009 | 10:22 am Obama touts healthcare plan for small businessesWASHINGTON (Reuters) - President Barack Obama said Saturday that Democratic plans to revamp the U.S. healthcare system would benefit small businesses, an argument that quickly drew criticism from his Republican opponents.Source: Reuters: Business News | 25 Jul 2009 | 10:22 am Russia's Gazprom proposes gas import tariffsMOSCOW, July 25 (Reuters) - The head of Russian gas export monopoly Gazprom on Saturday told Prime Minister Vladimir Putin he opposed a proposed hike in the gas extraction tax, suggesting instead the...Source: RSS feed - channel BNewsBusiness | 25 Jul 2009 | 10:04 am Auto Review: Mazda 3's price will have you smilingThe price of one of the premier compact cars in the country will have you smiling.
Source: MarketWatch.com - Top Stories | 25 Jul 2009 | 10:00 am Nationwide Building Society New Savings and Mortgage RatesNationwide Building Society has announced a range of new and improved rates for savings ISA's, and new fixed term deals for mortgages. LONDON, July 25 /PRNewswire/ --...Source: RSS feed - channel BNewsBusiness | 25 Jul 2009 | 10:00 am Childless Men Jailed for Non-Payment of Child SupportI'm Not The Dad, But I'm in Jail for not Paying Support CHICAGO, July 25 /PRNewswire/ -- Frank Hatley spent the past year in Cook County jail in South Georgia for falling...Source: RSS feed - channel BNewsBusiness | 25 Jul 2009 | 10:00 am Ericsson buys Nortel wireless units for $1 billionSwedish wireless equipment maker LM Ericsson on Saturday said it had penned a deal to buy a majority of Nortel Networks' North American wireless business for $1.13 billion. The...Source: RSS feed - channel BNewsBusiness | 25 Jul 2009 | 9:31 am Ericsson buys Nortel wireless units for $1.13 blnSwedish wireless equipment maker LM Ericsson on Saturday said it had penned a deal to buy a majority of Nortel Networks' North American wireless business for $1.13 billion. The...Source: RSS feed - channel BNewsBusiness | 25 Jul 2009 | 9:23 am Citigroup names 3 directors, gives Grundhofer jobNEW YORK (Reuters) - Citigroup Inc said it has appointed three new directors, including a former New York State banking superintendent, and given board member Jerry Grundhofer the job of chairman of its retail banking unit.Source: Reuters: Business News | 25 Jul 2009 | 7:26 am Citigroup names 3 directors, gives Grundhofer job (Reuters)
Source: Yahoo! News: Business | 25 Jul 2009 | 7:08 am Stocks edge mostly higher as rally slows downInvestors take a conservative approach after Microsoft and Amazon.com report weaker-than-expected sales. The Dow rises nearly 24 points to 9,093 and is up 4% for the week. ...Source: RSS feed - channel BNPaperBusiness | 25 Jul 2009 | 7:00 am Last chance for digital TV converter box couponsJuly 31 is the deadline to apply for the $40 discount on converter boxes for analog television sets, the Commerce Department says.Been staring at a blank TV picture since June 12, when broadcasters switched to all-digital?
Source: L.A. Times - Business | 25 Jul 2009 | 7:00 am Airlines seemingly all over the map on revenue strategyV Australia is offering cheaper one-way fares from LAX, Southwest and AirTran raise their round-trip fares, and five major carriers including Delta and United raise their checked baggage fees (again).In this tough economy, does it make more sense for airlines to lower fares to draw in budget-conscious travelers or to raise rates and fees to boost revenues?
Source: L.A. Times - Business | 25 Jul 2009 | 7:00 am Guaranty Bank warns that it's on the verge of failureThe firm, which has more than 50 branches in California, reports that its capital has been wiped out and that it is unable to raise new funds.Guaranty Bank, which has more than 50 branches in California, warned that it could become the biggest financial institution to fail this year.
Source: L.A. Times - Business | 25 Jul 2009 | 7:00 am Last chance for digital TV converter box couponsJuly 31 is the deadline to apply for the $40 discount on converter boxes for analog television sets, the Commerce Department says. ...Source: RSS feed - channel BNPaperBusiness | 25 Jul 2009 | 7:00 am Backers of consumer protection agency are forced to regroupRep. Barney Frank delays until September a House committee vote on the powerful new agency to give consumer watchdogs and other supporters time to overcome opposition.President Obama's plan for a powerful new agency to protect consumers from shady financial products is coming under increasing fire from the industry it would regulate and its allies in Congress, forcing backers to delay action on legislation to put the plan in force.
Source: L.A. Times - Business | 25 Jul 2009 | 7:00 am Stocks edge mostly higher as rally slows downInvestors take a conservative approach after Microsoft and Amazon.com report weaker-than-expected sales. The Dow rises nearly 24 points to 9,093 and is up 4% for the week.The stock market's earnings-driven rally stalled Friday after Microsoft and Amazon.com reported weak quarterly sales.
Source: L.A. Times - Business | 25 Jul 2009 | 7:00 am Ukuleles have gone viralYouTube videos, online how-tos and social networking fuel the musical instrument's renewed popularity.Thanks to the Internet, the humble ukulele is pushing its recent popularity well beyond anything that old-time performers Don Ho, Arthur Godfrey or even Tiny Tim could imagine. ¶ From YouTube to manufacturers' websites, from bulletin boards to iPhone and BlackBerry applications that mimic ukes and teach chords, the Internet has been stoking the craze for nearly two years and unveiling fresh talent. ¶ "The number of new players keeps going up," said Mike DaSilva of Berkeley, who ditched a 20-year software career to make ukuleles. ¶ Guitar maker C.F. Martin & Co. stopped producing ukes in 1994 because they had become so unpopular, but resumed in 2001 and is selling some of the handmade instruments for as much as $10,000 -- even in these tough economic times.
Source: L.A. Times - Business | 25 Jul 2009 | 7:00 am Guaranty Bank warns that it's on the verge of failureThe firm, which has more than 50 branches in California, reports that its capital has been wiped out and that it is unable to raise new funds. ...Source: RSS feed - channel BNPaperBusiness | 25 Jul 2009 | 7:00 am What investors see in those crummy earnings reportsWall Street was back in panic mode this week. But this is the kind of panic that adds to your net worth instead of annihilating it.
Source: L.A. Times - Business | 25 Jul 2009 | 7:00 am What investors see in those crummy earnings reportsWall Street was back in panic mode this week. But this is the kind of panic that adds to your net worth instead of annihilating it.Source: RSS feed - channel BNPaperBusiness | 25 Jul 2009 | 7:00 am Loan worries hit City National stock after earnings reportThe company earns just $1.3 million in the second quarter, down from $35.5 million a year earlier, as it sets aside $70 million more for potential loan losses. Its shares fall 4.6%.City National Corp., the parent of City National Bank, has proudly noted over the last year that it never got involved in subprime mortgages.
Source: L.A. Times - Business | 25 Jul 2009 | 7:00 am 'Cash for clunkers' rules are released, sparking a rushThe arrival of the 100-page federal document setting forth how drivers can trade in their gas guzzlers sets off a traffic jam of dealer registrations that overwhelms government computers.Clunkermania officially began Friday.
Source: L.A. Times - Business | 25 Jul 2009 | 7:00 am 'Cash for clunkers' rules are released, sparking a rushThe arrival of the 100-page federal document setting forth how drivers can trade in their gas guzzlers sets off a traffic jam of dealer registrations that overwhelms government computers. ...Source: RSS feed - channel BNPaperBusiness | 25 Jul 2009 | 7:00 am Backers of consumer protection agency are forced to regroupRep. Barney Frank delays until September a House committee vote on the powerful new agency to give consumer watchdogs and other supporters time to overcome opposition. ...Source: RSS feed - channel BNPaperBusiness | 25 Jul 2009 | 7:00 am Loan worries hit City National stock after earnings reportThe company earns just $1.3 million in the second quarter, down from $35.5 million a year earlier, as it sets aside $70 million more for potential loan losses. Its shares fall 4.6%. ...Source: RSS feed - channel BNPaperBusiness | 25 Jul 2009 | 7:00 am Ericsson wins auction for Nortel's wireless assetsTORONTO (Reuters) - Sweden's Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks Corp in a deal valued at $1.13 billion, Nortel said on Saturday.Source: Reuters: Business News | 25 Jul 2009 | 6:39 am Ericsson wins auction for Nortel's wireless assets (Reuters)Reuters - Sweden's Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks Corp in a deal valued at $1.13 billion, Nortel said on Saturday.Source: Yahoo! News: Business | 25 Jul 2009 | 6:39 am UPDATE 1-Ericsson wins auction for Nortel's wireless assetsTORONTO, July 25 (Reuters) - Sweden's Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks Corp in a deal valued at $1.13 billion, Nortel said on Saturday.Source: RSS feed - channel BNewsBusiness | 25 Jul 2009 | 6:34 am Ericsson wins auction for Nortel's wireless assetsTORONTO, July 25 (Reuters) - Sweden's Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks Corp in a deal valued at $1.13 billion, Nortel said on Saturday.Source: RSS feed - channel BNewsBusiness | 25 Jul 2009 | 6:29 am Australia faces long, tough road to recovery: PMAustralia faced a "long, tough and bumpy road" to economic recovery, with joblessness, interest rates and prices to rise long after the crisis began to ease, Prime Minister Kevin Rudd...Source: RSS feed - channel BNewsBusiness | 25 Jul 2009 | 6:25 am Taiwan, China to talk trade in October: reportTaiwan and China will begin negotiations on a comprehensive trade pact in October, in a further step towards closer economic ties between the two neighbours, a report here said Saturday.Source: RSS feed - channel BNewsBusiness | 25 Jul 2009 | 6:24 am Market Snapshot: U.S. stock market to begin week from lofty perchThe U.S. stock market will start off the week ahead at its best levels this year. Whether the climb continues likely depends on earnings, economic data and Treasury auctions.
Source: MarketWatch.com - Top Stories | 25 Jul 2009 | 4:01 am Ukuleles have gone viralYouTube videos, online how-tos and social networking fuel the musical instrument's renewed popularity. Thanks...Source: RSS feed - channel BNPaperBusiness | 25 Jul 2009 | 3:55 am IMF grants Sri Lanka $2.6bn loanThe International Monetary Fund approves a $2.6bn (£1.6bn) loan to help Sri Lanka weather the global economic crisis.Source: BBC News | Business | World Edition | 25 Jul 2009 | 3:38 am Rally may cool on earnings reality checkNEW YORK (Reuters) - Wall Street may take a breather next week after an earnings-driven rally lifted the major U.S. stock indexes to their highest levels in months.Source: Reuters: Business News | 25 Jul 2009 | 2:29 am No. 2 Texas bank expects to failRead full story for latest details.Source: Business and financial news - CNNMoney.com | 25 Jul 2009 | 1:41 am Geithner, Bernanke at odds on consumer protection (AP)
Source: Yahoo! News: Business | 25 Jul 2009 | 1:36 am AMD spinoff starts building $4.2 billion NY plantSAN FRANCISCO (Reuters) - Advanced Micro Devices Inc spinoff Globalfoundries began building a $4.2 billion chip manufacturing facility in upstate New York on Friday, as it gears up to take on the likes of TSMC .Source: Reuters: Business News | 25 Jul 2009 | 1:31 am Rally may cool on earnings reality check (Reuters)
Source: Yahoo! News: Business | 25 Jul 2009 | 1:16 am Rally may cool on earnings reality check (Reuters)
Source: Yahoo! News: Stock Markets News | 25 Jul 2009 | 1:16 am Sen. Schumer warns SEC on "flash" stock orders (Reuters)Reuters - U.S. Senator Charles Schumer warned a top regulator on Friday that if she does not ban so-called "flashes" -- orders that stock exchanges send to a select group of traders before revealing them to the wider market -- he will introduce legislation that does.Source: Yahoo! News: Stock Markets News | 25 Jul 2009 | 1:04 am Microsoft offers to let Europeans choose Web browsersThe software giant's move is aimed at avoiding new European Union antitrust fines. The EU had accused the firm of monopoly abuse for tying its Internet Explorer to the Windows operating system. ...Source: RSS feed - channel BNPaperBusiness | 25 Jul 2009 | 12:26 am Microsoft offers to let Europeans choose Web browsersThe software giant's move is aimed at avoiding new European Union antitrust fines. The EU had accused the firm of monopoly abuse for tying its Internet Explorer to the Windows operating system.BRUSSELS -- Microsoft Corp. will offer computer users a choice of rival Web browsers to ward off new European Union antitrust fines, EU regulators and Microsoft said Friday.
Source: L.A. Times - Business | 25 Jul 2009 | 12:26 am Six mistakes job-seekers makeDon't make these mistakes when you're hunting for a job.
Source: MarketWatch.com - Top Stories | 25 Jul 2009 | 12:15 am Stocks to Watch: Stocks in focus for MondayAmong the companies whose shares are expected to see active trade in Monday's session are Amgen Inc., Honeywell International Inc., RadioShack Corp. and Verizon Communications Inc.
Source: MarketWatch.com - Top Stories | 25 Jul 2009 | 12:10 am Latin American Markets: Mexico's Banorte skids lower after downgradeMexican equities slip for the day, with shares of Grupo Financiero Banorte sliding by the most in nearly three months in the wake of a ratings downgrade.
Source: MarketWatch.com - Top Stories | 25 Jul 2009 | 12:10 am JPMorgan to raise salaries for bankersJPMorgan Chase is to raise salaries and cut bonuses for more than 12,000 bankers around the world in a sign that financial groups are scrambling to defuse public anger at excessive pay while trying to...Source: RSS feed - channel BNPaperBusiness | 25 Jul 2009 | 12:08 am JPMorgan to raise salaries for bankersJPMorgan Chase is to raise salaries and cut bonuses for more than 12,000 bankers around the world in a sign of financial groups’ scramble to defuse public anger at excessive pay while trying to avoid an exodus of talentSource: Financial Times - US homepage | 25 Jul 2009 | 12:08 am California passes key budget dealCalifornia lawmakers pass a plan to close a huge budget deficit and send the package to Governor Arnold Schwarzenegger.Source: BBC News | Business | World Edition | 25 Jul 2009 | 12:01 am Cash bidders for National Express told to add detailBanking advisers to National Express were seeking clarification from CVC Capital Partners last night after an all-cash offer from the private equity firm. Source: Latest Business News from Times Online | 25 Jul 2009 | 12:00 am Stores could shut as HSS Hire hammers out a DIY restructuring with its lendersHSS Hire, the DIY company owned by Archie Norman, the former Asda boss, is in talks with lenders about the future of the business. The struggling equipment-rental outfit, which has 250 stores nationwide and employs 2,500 people, is expected to breach its banking covenants in September. Source: Latest Business News from Times Online | 25 Jul 2009 | 12:00 am Sir David Jones to step down at JJB after loan fiascoSir David Jones signalled his intention to step down as executive chairman of JJB Sports yesterday amid continuing controversy over a £1.5 million loan from Mike Ashley, his retailing rival. Source: Latest Business News from Times Online | 25 Jul 2009 | 12:00 am Stock market scores ten-day winning streakLondon’s blue-chip shares capped a two-week stretch of potent gains yesterday, extending an unusually long unbroken rally into a ten-session winning streak as exuberant investors shrugged off much worse than expected GDP figures for Britain. Source: Latest Business News from Times Online | 25 Jul 2009 | 12:00 am Whatever the City is forecasting, for business, storm clouds remainIf there is one thing that Britain’s business bosses find more difficult than struggling through the worst recession since the war, it is struggling through the worst recession since the war when everyone is talking about green shoots. Source: Latest Business News from Times Online | 25 Jul 2009 | 12:00 am Mapping the economy: Gordon Brown’s flower of Scotland loses its bloom amid recessionTwo years ago Michaela Lessels gave up her job as a carer to pursue her dream. She opened a flower shop in Kirkcaldy, Gordon Brown’s childhood home, an attractive coastal town of 50,000 people with spectacular views across the Firth of Forth to distant Arthur’s Seat and Edinburgh. For a year the shop bloomed, but then the recession hit. Source: Latest Business News from Times Online | 25 Jul 2009 | 12:00 am Whatever the City is forecasting, for business, storm clouds remainIf there is one thing that Britain’s business bosses find more difficult than struggling through the worst recession since the war, it is struggling through the worst recession since the war when everyone is talking about green shoots. Source: Latest Business News from Times Online | 25 Jul 2009 | 12:00 am Bank of China starts to offer mortgages in the UKBank of China has begun offering mortgages to British borrowers, who are finding it difficult to get loans from leading UK lenders. The world’s third-largest bank is lending at lower rates than many of the deals available from more established UK lenders. It has previously focused on lending to the Chinese community within the UK. Source: Latest Business News from Times Online | 25 Jul 2009 | 12:00 am Flat-owners pay as insurers and agents split cashProperty agents are overcharging leasehold owners of flats by taking out unnecessarily expensive building insurance on their behalf and pocketing a share of the commission, according to an inquiry. Source: Latest Business News from Times Online | 25 Jul 2009 | 12:00 am Form is temporary but class is permanent, so back the brandsFirst-half figures don’t come much worse than those filed yesterday by De Beers: net profits at the world’s biggest diamond producer collapsed 99 per cent after what the South African company described as an “extraordinarily difficult” six months. Source: Latest Business News from Times Online | 25 Jul 2009 | 12:00 am Five tips to help you nail a job interviewBefore any of David A. McKnight’s clients even utter a word, he scans them from head to toe to get a good idea whether the person is employable.
Source: MarketWatch.com - Top Stories | 24 Jul 2009 | 11:47 pm Microsoft offers deal to EU on ExplorerMicrosoft has made a sweeping move to put its decade-long fight with Brussels behind it, with a proposal that among other things would prompt personal computer users in Europe to choose if they want to use an alternative to the Internet Explorer web browserSource: Financial Times - US homepage | 24 Jul 2009 | 11:46 pm Microsoft shares slip on disappointing results (Reuters)
Source: Yahoo! News: Stock Markets News | 24 Jul 2009 | 11:44 pm Microsoft shares slip on disappointing resultsNEW YORK (Reuters) - Microsoft Corp shares fell more than 9 percent on Friday, as the company's weaker-than-expected results contradicted Wall Street's belief that the worst is over for the technology sector.Source: Reuters: Business News | 24 Jul 2009 | 11:44 pm U.S. regulators close seven small banksWASHINGTON (Reuters) - U.S. regulators closed seven small banks on Friday, a pace matching a one-day total seen earlier in July and bringing the number of failures so far this year to 64.Source: Reuters: Business News | 24 Jul 2009 | 11:40 pm Canadian Markets: Banks, energy lead Toronto rallyShares rise slightly, with an afternoon jump in mining and financial shares helping reverse earlier losses.
Source: MarketWatch.com - Top Stories | 24 Jul 2009 | 11:33 pm Geithner urges end to ‘dumb regulation’Divisions between the Obama administration, the Federal Reserve and key regulators broke into the open on Friday as top officials clashed over plans to overhaul US financial regulationSource: Financial Times - US homepage | 24 Jul 2009 | 11:31 pm Guaranty Financial, No.2 Texas bank, says may failNEW YORK (Reuters) - Guaranty Financial Group Inc , the second-largest publicly traded bank in Texas, said it will probably fail after loan losses and write-downsSource: Reuters: Business News | 24 Jul 2009 | 11:25 pm 'Customers pay' as banks rebuildBanks and building societies are trying to rebuild their profits at the expense of customers, according to a finance website.Source: BBC News | Business | World Edition | 24 Jul 2009 | 11:00 pm Tweet-pourri
I get asked this a lot: what the point of Twitter? And quite honestly, for those of us who are using it, I think the answer is - well, we aren’t sure yet. Or maybe, it depends. The way I use Twitter from day to day changes depending on my needs. Sometimes I’m posting links to articles or posts I’ve written hoping to grow an audience. Sometimes I’m shouting out cool resources or services I’ve found. And sometimes I do research for fiction or non-fiction pieces. Sometimes I just blow off steam. As for those I follow? Here’s what popped up in my Twitter board today:
And some stuff about cute things peoples’ kids said that sounded like something a 45-year-old man would say. So what is the point of Twitter? You tell me. PS - Follow ME. Image Credit: carrotcreative, Flickr
Source: Business Pundit | 24 Jul 2009 | 10:57 pm 7 regional banks failState regulators shut down seven regional banks Friday, the Federal Deposit Insurance Corporation said, bringing the total number of banks to fail in the United States to 64 this year.Source: Business and financial news - CNNMoney.com | 24 Jul 2009 | 10:56 pm Georgia, N.Y. bank failures bring '09 tally to 64A flurry of subsidiary closures in Georgia and a failure in New York state on Friday brought the U.S. tally of shuttered banks are the latest victims of the financial and credit crisis.
Source: MarketWatch.com - Top Stories | 24 Jul 2009 | 10:55 pm CIT courts creditors, plans large debt exchangeNEW YORK (Reuters) - CIT Group Inc , a 101-year-old lender fighting for survival, is planning a large debt exchange offer within weeks and may not sell any assets before fixing its capital structure, a source close to the company said on Friday.Source: Reuters: Business News | 24 Jul 2009 | 10:47 pm CIT courts creditors, plans large debt exchange (Reuters)
Source: Yahoo! News: Business | 24 Jul 2009 | 10:47 pm Conservatives 'may be forced into emergency postelection budget to stabilise markets'The Conservatives may be forced to stage an emergency postelection budget to stabilise the markets and save Britain's credit rating if they are voted into Government the shadow Treasury Secretary Philip Hammond has warned.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 Jul 2009 | 10:46 pm Mixed day, strong week on Wall StreetThe Nasdaq fell Friday, ending a 13-session winning streak after Microsoft reported a weaker-than-expected quarterly profit. But the broader market mustered gains at the end of an up week on Wall Street.Source: Business and financial news - CNNMoney.com | 24 Jul 2009 | 10:40 pm Write-Offs: 07.24.09$$$ Dow 10,000? [The Atlantic] $$$ Jim Dolan To Kill The Rockettes? [Cityfile] $$$ Don't Mess With Goldman [Reuters] $$$ Job of the Week: Morgan Stanley needs a VP of mergers and acquisitions. You. [DB Career Center] $$$ American Psycho Remix, Now With Lydia Hearst Getting Killed [YouTube] 
Sponsored Topics: Morgan Stanley - Mergers and acquisitions - Business - Investment Banks - Reuters Source: Dealbreaker | 24 Jul 2009 | 10:40 pm M Stanley compliance ‘shambles’ cited in caseInternal compliance systems at Morgan Stanley’s Hong Kong office were ‘haphazard’, ‘inefficient’ and ‘hopelessly inadequate’, according to the prosecution in a high-profile insider trading caseSource: Financial Times - US homepage | 24 Jul 2009 | 10:30 pm Konstam Sees No Fed Rate Increases for 12 MonthsSource: Bloomberg - All Podcasts | 24 Jul 2009 | 10:30 pm Nasdaq ends 12-day run of gains; Dow, S&P 500 rise (Reuters)
Source: Yahoo! News: Stock Markets News | 24 Jul 2009 | 10:29 pm Forbes Says Obama Squandered His Political CapitalSource: Bloomberg - All Podcasts | 24 Jul 2009 | 10:28 pm Stocks edge mostly higher; Microsoft drags Nasdaq (AP)
Source: Yahoo! News: Stock Markets News | 24 Jul 2009 | 10:27 pm Microsoft down on weak fourth quarter (AFP)
Source: Yahoo! News: Stock Markets News | 24 Jul 2009 | 10:26 pm How the major stock indexes fared on Friday (AP)AP - Investors held on to the stock market's rally Friday, extending a two-week jump that has added 11 percent to the stock market's major indicators. Disappointing results from Microsoft Corp. and Amazon.com Inc. hit technology shares, however, and dragged the Nasdaq composite index lower.Source: Yahoo! News: Stock Markets News | 24 Jul 2009 | 10:13 pm Hear: The Goldman Sachs InterviewOn today's Planet Money: Goldman Sachs carries a certain mystique on Wall Street. The firm is known for hiring the brainiest people and paying them well. A number of its former executive have gone into politics, including former CEO Henry Paulson, who became President Bush's Treasury secretary, and former CEO Robert Rubin, an adviser to Presidents Clinton and Obama. This week, Goldman finished paying back its $10 billion federal TARP loan -- with taxpayers pocketing a return of 23 percent. The firm also just released a fantastic report on its earnings, with net revenues of $23 billion for the first half of 2009. Goldman is setting aside almost half of that money for paying its 30,000 employees. In rough terms, that amounts to almost $400,000 for each worker. Lucas Van Praag, a Goldman spokesperson, answers questions about other ways Goldman received government help and why it's rewarding the staff so richly after getting a hand from Uncle Sam. Plus: The stunning results from our Economic Radio Story Showdown. Bonus: After the jump, a reader looks at the showdown results and wonders what the heck just happened. Download the podcast; or subscribe. Intro music: Mark Morrison's "Return of the Mack." Find us: Twitter/ Facebook/ Flickr. And the winner of our first-ever Economic Radio Showdown is....Adam Davidson! See?
But seeing isn't always believing. Adam trailed almost from the day we launched the contest, right up until Thursday. Not quite six hours before the polls closed, Richard Chang wrote: Late surge by Adam is so suspicious. Looks like people are stuffing the ballot boxes. How many times are people voting, anyway? So unfair. I only voted 3 times. Chana was clearly in the lead before Adam went on ATC to plead his case. How is that fair? What about equal time? I think they have to tally the votes separately for loyal podcast listeners vs the riff-raff who listen to the radio. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 24 Jul 2009 | 10:10 pm Shanghai sidesteps ‘one child’ ruleChina’s decades-old one-child policy, though relaxed in some areas, remains a significant intrusion into private life, but 12 categories of Shanghai couples are allowed to have two childrenSource: Financial Times - US homepage | 24 Jul 2009 | 10:08 pm Today's Food Eating Challenge Contestant Disappoints Charlie Gasparino Greatly
The above spread of cured meats and cheese was placed in front of a Barclays trader in a test of gastrointestinal fortitude this afternoon. 90 minute time limit, water allowed, puking a dealbreaker. He got halfway through and is now in the bathroom throwing it up. According to an on-looker, "apparently the cheeses were particularly aromatic and the whole thing smelled like vomit before he even started."
Sponsored Topics: Vomiting - Barclays - Cheese - Aromaticity - Health Source: Dealbreaker | 24 Jul 2009 | 10:02 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 | 24 Jul 2009 | 9:59 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: Business | 24 Jul 2009 | 9:59 pm Netflix gets lukewarm analyst, investor responsesShares of online DVD-rental pioneer Netflix Inc. decline as analysts express concern about customers’ increasing willingness to sign up for the company’s lowest-priced plans.
Source: MarketWatch.com - Top Stories | 24 Jul 2009 | 9:57 pm Helping the jobless pay their mortgagesAs a growing number of jobless Americans default on their mortgages, the Obama administration is considering new ways to help them avoid foreclosure.Source: Business and financial news - CNNMoney.com | 24 Jul 2009 | 9:55 pm Obama backs off over police ‘stupidity’Moving to defuse an ill-tempered controversy over race, US President Barack Obama backed away from comments in which he accused police of stupidity after a black academic was handcuffed in his own homeSource: Financial Times - US homepage | 24 Jul 2009 | 9:47 pm Compensation Watch '09: RBSNot so great news for the Queen's bitches: Numbers out today for Global Banking and Markets. All bonuses are 100% deferred- over 3 years, subject to clawbacks. Terms still not defined.
Sponsored Topics: Signing bonus - sport - Contract - Major League Baseball - Pittsburgh Steelers Source: Dealbreaker | 24 Jul 2009 | 9:37 pm Speaking Of Making The Case To/For The BeardThe folks at Fox Business did some digging around to answer the question of whether Larry Summers is "too radioactive" to takeover the reins at the Fed. Watch the latest business video at FOXBusiness.com
Sponsored Topics: Fox Business Network - Lawrence Summers - Business - United States - Larry Summers Source: Dealbreaker | 24 Jul 2009 | 9:30 pm The great health care challengeSource: Business and financial news - CNNMoney.com | 24 Jul 2009 | 9:29 pm Financials help TSX limp to higher close (Reuters)Reuters - Toronto's main stock index finished marginally higher on Friday as optimism over the economic recovery buoyed financial shares but did not extend to most of the other sectors.Source: Yahoo! News: Stock Markets News | 24 Jul 2009 | 9:28 pm Jamie Dimon Running Around On Lloyd Blankfein
Earlier: Jamie Dimon Beating Men, Women and Presidents Off With A Stick *The picture is not from last night/Rao's, but another restaurant, where management has its shit together.
Sponsored Topics: Goldman Sachs - Jamie Dimon - JPMorgan Chase - Troubled Asset Relief Program - Melissa Francis Source: Dealbreaker | 24 Jul 2009 | 9:17 pm Egan Says CIT's Funding Costs Exceed Its Earning PotentialSource: Bloomberg - All Podcasts | 24 Jul 2009 | 9:16 pm Temple-Inland Raised to `Buy' at UBSSource: Bloomberg - All Podcasts | 24 Jul 2009 | 9:15 pm Microsoft in new EU browser offerMicrosoft makes a new proposal to EU regulators to try to end the row over the firm's Internet Explorer web browser.Source: BBC News | Business | World Edition | 24 Jul 2009 | 9:14 pm The 'new' new tax on the richThe definition of "rich" may be going up should lawmakers choose to impose extra taxes on the wealthy to pay for health reform.Source: Business and financial news - CNNMoney.com | 24 Jul 2009 | 9:13 pm Banks offer little love for saversAmericans may be saving more nowadays, but they certainly aren't getting paid for it.Source: Business and financial news - CNNMoney.com | 24 Jul 2009 | 9:03 pm Large Firms To Make Their Case To The Beard
Sponsored Topics: Cattle - Business - Too Big to Fail policy - Health - Mental Health Source: Dealbreaker | 24 Jul 2009 | 8:58 pm Citi beefs up board with 3 financial expertsCitigroup moved to ease regulators’ and investors’ concerns over its governance and management by naming three new directors with extensive financial expertise and reshuffling responsibilities on its boardSource: Financial Times - US homepage | 24 Jul 2009 | 8:56 pm Ex-Hedge Fund Employees Holding Topless Pics Of Boss's Wife For Ransom
Oh no she di'int.
Sponsored Topics: Hedge fund - Vice president - Business - Investing - Funds Source: Dealbreaker | 24 Jul 2009 | 8:45 pm Oil prices rise on brighter economic outlook (AFP)
Source: Yahoo! News: Stock Markets News | 24 Jul 2009 | 8:00 pm Best or worst time for wage hike?The federal minimum wage is now $7.25 per hour as the final step in a three-tiered adjustment set in motion years ago. Jeff Tyler reports on the implications of the wage hike during the worst recession in 50 years.Source: Marketplace | 24 Jul 2009 | 7:42 pm Porsche offered ousted chief €140mA row over the €50m payoff for Porsche’s ousted chief executive intensified when it emerged that the sports carmaker’s family owners had originally offered Wendelin Wiedeking €140mSource: Financial Times - US homepage | 24 Jul 2009 | 7:40 pm Airline blames swine fluAir New Zealand is blaming swine flu for a 24.7 per cent fall in passenger numbers on its Asia/Japan/Britain routes in June, compared to a year ago. The airline carried 1.1 million passengers last month, down 5.5 per cent on June...Source: New Zealand Herald - Business | 24 Jul 2009 | 7:30 pm Sober reality facing Ashley and JonesAmid all the noise surrounding JJB and Sports Direct and the increasingly tedious row about who may or may not have said what to whom about that now notorious loan it is easy to overlook what a dire state both retailers are in.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 Jul 2009 | 7:25 pm Despite the GDP gloom we are still far from economic ArmageddonWe probably shouldn't be disappointed by the worsethanexpected gross domestic product figures. Given the scale of the financial crisis and the undoubted knockon effects on the wider economy it always seemed slightly optimistic to assume that we were already at the end of the economic contraction.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 Jul 2009 | 7:25 pm VAT increase under review says Harriet HarmanThe increase in VAT is under review one of the most senior cabinet members has suggested as a leading businessman said only a "congenital idiot" would implement a rise on New Year's day.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 Jul 2009 | 7:19 pm JJB chairman Sir David Jones regrets taking £1.5m loan from Sports Direct's Mike AshleySir David Jones chairman of JJB Sports told shareholders a £1.5m loan from business rival Mike Ashley did not compromise his position.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 Jul 2009 | 7:16 pm Matus Sees Unemployment Stabilizing in First Half of 2010Source: Bloomberg - All Podcasts | 24 Jul 2009 | 7:08 pm Allen Stanford Helps Speed Up Obama Landmark Plans
Sponsored Topics: Allen Stanford - Caribbean - Antigua - United States - Arts and crafts Source: Dealbreaker | 24 Jul 2009 | 6:55 pm Presented By:Source: Dealbreaker | 24 Jul 2009 | 6:55 pm Car production 'recovering' despite 30pc slumpCar production slumped 30pc last month compared with a year earlier but the performance was hailed as a further sign that the industry was showing signs of recovery.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 Jul 2009 | 6:53 pm Water companies can't wash away FTSE's riseSource: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 Jul 2009 | 6:51 pm Warren Buffett makes 4bn profit on Goldman Sachs stakeBillionaire investor Warren Buffet has done it again - booking a 4.1bn £2.5bn paper profit on the 5bn he invested in Goldman Sachs at the height of the financial crisis.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 Jul 2009 | 6:49 pm Campaign for Real Ale wants Office of Fair Trading to investigate 'anticompetitive practices'The Campaign for Real Ale Camra has called on the Office of Fair Trading OFT to investigate alleged anticompetitive practices which it claims are driving landlords out of business.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 Jul 2009 | 6:47 pm CVC and Jorge Cosmen team up for National Express £500m bidDeputy chairman and CVC Capital Partners to table an indicative allcash offer pushing National Express shares up 11pc.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 Jul 2009 | 6:45 pm Eliot Spitzer: "The Federal Reserve Is A Ponzi Scheme"Visit msnbc.com for Breaking News, World News, and News about the Economy The noted hooker fucker told Ratigan this morning he's had "enough of this."
Sponsored Topics: Breaking news - Msnbc.com - World News - Ponzi scheme - Eliot Spitzer Source: Dealbreaker | 24 Jul 2009 | 6:43 pm Joint effort on algal biofuelTwo South Island companies seeking to turn algae grown in sewage and other polluted water into fuel are combining their efforts. Solray Energy and Aquaflow Bionomic Corporation are expected to try to tap dual revenue streams -...Source: New Zealand Herald - Business | 24 Jul 2009 | 6:30 pm Warren Buffett Isn’t The Answer For CIT (CIT, BRK-A, LUK)Here comes another weekend, and here comes another round of questions about the fate of CIT Group, Inc. (NYSE: CIT). While there were reports that Warren Buffett via Berkshire Hathaway Inc. (NYSE: BRK-A) and Leucadia National Corp. (NYSE: LUK) may have made offers for some CIT assets, it seems that Buffett is not the right [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 24 Jul 2009 | 6:19 pm 'Honest Abe' coin costs a pretty pennyHard times have many people pinching pennies -- literally. Host Bob Moon shares his thoughts on a copper overflow.Source: Marketplace Money | 24 Jul 2009 | 6:13 pm What's at root of LendingTree sloganThe LendingTree.com slogan "When banks compete, you win" has given way to "You to the rescue." Host Bob Moon talks with the company's CEO and a wealth manager about whether the change indicates a new approach consumers' are taking with their finances.Source: Marketplace Money | 24 Jul 2009 | 6:13 pm Young people hiring housework helpHiring a housekeeper may not seem like a budget item for the under-25 set. But a growing number of less-than-wealthy young people are hiring maids, despite the recession. Sally Herships reports.Source: Marketplace Money | 24 Jul 2009 | 6:13 pm Getting PersonalHost Bob Moon and Marketplace Economics Editor Chris Farrell tackle listeners' questions, including the best time to buy a house and how much you really save by paying more than the regular monthy mortgage paymentSource: Marketplace Money | 24 Jul 2009 | 6:13 pm States use Work Share to limit layoffsSeveral states are trying to reduce layoffs with a program called Work Share. When companies cut work hours, the states make up the difference in employees' paychecks by tapping unemployment benefits. Cathy Duchamp reports.Source: Marketplace Money | 24 Jul 2009 | 6:13 pm Unbiased stock info may get scarcerAfter the dot-com bust, regulators made Wall Street firms start proving why they pushed certain stocks by hiring independent research firms. But the money for that research is running out, meaning there'll be fewer voices to guide investors. Amy Scott reports.Source: Marketplace Money | 24 Jul 2009 | 6:13 pm Straight Story: Your net worthMarketplace's Economics Editor Chris Farrell says we should stop obsessing about our credit scores and worry about another number: our net worth.Source: Marketplace Money | 24 Jul 2009 | 6:13 pm Arbitration case helps credit card usersConsumers who sign up for credit cards usually sign away their right to sue for unfair charges. Host Bob Moon talks to Minnesota Attorney General Lori Swanson about why she sued arbitration firms, why they backed down, and what the results mean for consumers.Source: Marketplace Money | 24 Jul 2009 | 6:13 pm Merchants take a swipe at card feesEvery time you charge your Big Gulp at 7-Eleven, a credit card company swallows part of the profit. But Slurpee slingers have had enough of the merchant fees. Stacey Vanek-Smith reports.Source: Marketplace Money | 24 Jul 2009 | 6:12 pm Hugh Johnson Says Dow Above 9,000 is Not Bear Market RallySource: Bloomberg - All Podcasts | 24 Jul 2009 | 6:10 pm CMC's Laidi Sees Rising Trend in Bond YieldsSource: Bloomberg - All Podcasts | 24 Jul 2009 | 5:58 pm Fresh backing for troubled planeEuropean defence ministers pledge to continue to support the much delayed Airbus A400M military transport aircraft project.Source: BBC News | Business | World Edition | 24 Jul 2009 | 5:50 pm Seibert Sees Government Tying Up Money With OverspendingSource: Bloomberg - All Podcasts | 24 Jul 2009 | 5:50 pm SocGen's Nixon Calls V-Shaped Recovery Expectations OverdoneSource: Bloomberg - All Podcasts | 24 Jul 2009 | 5:45 pm Brushing Up On Goldman: Two Must-ReadsOn today's podcast, we're going to be talking about some of the ways in which the government has aided Goldman Sachs since the beginning of this crisis. That discussion will be available later this afternoon, but in the mean time, we thought we'd give you a chance to get caught up on some light Goldman-related reading. A lot of you have recommended Matt Taibbi's piece in Rolling Stone last month, The Great American Bubble. Alex Blumberg says he prefers Michael Lewis' piece in the current Vanity Fair, The Man Who Crashed the World. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 24 Jul 2009 | 5:42 pm Wagga Wagga staysFonterra's Australian arm has told the 80 staff at its Wagga Wagga dairy factory in New South Wales it will not be closing down the operation. Staff were told on Friday Fonterra will be holding on to the business, with a view...Source: New Zealand Herald - Business | 24 Jul 2009 | 5:30 pm Rig Counts Climb With Higher Oil (BHI, USO, OIL)Baker Hughes Incorporated (NYSE: BHI) has released its newest data on rig counts for the last week, and it seems that oil and gas producers might finally be increasing their rigs with higher prices again. While there may be some seasonality, this is still an increase in all categories from the prior week. So far, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 24 Jul 2009 | 5:23 pm Recession eases nursing gap, for nowAs the recession puts more pressure on household incomes, more nurses who had stopped working are re-entering the job market and reducing the nursing shortage. Still, demand for nurses is expected to remain high. Cathy Duchamp reports.Source: Marketplace | 24 Jul 2009 | 5:09 pm Amazon kindles new privacy concernsOnline retailer Amazon caused a stir when it remotely deleted unauthorized copies of George Orwell's "1984" and "Animal Farm" from Kindle readers. The company said it wouldn't take such action again, but commentator Farhad Manjoo doesn't expect it to keep that promise.Source: Marketplace | 24 Jul 2009 | 5:08 pm AP clamps down on content piratesThe Associated Press is attempting to catch Web sites that post its stories without permission. It plans to embed tracking code in every article and charge fees to illicit users. Stacey Vanek-Smith reports.Source: Marketplace | 24 Jul 2009 | 5:08 pm Weekly Wrap: All about health careKai Ryssdal talks with Megan McArdle of The Atlantic's Business Channel and Leigh Gallagher of Fortune Magazine about the week's dominating health-care debate.Source: Marketplace | 24 Jul 2009 | 5:08 pm Is high-frequency trading fair and safe?High-frequency traders on Wall Street use powerful computers to react quickly to tiny changes in stock prices. But critics say big hedge funds are using this method to bully smaller traders into submission. Amy Scott reports.Source: Marketplace | 24 Jul 2009 | 5:08 pm Regulators not in step with Obama planThe heads of the four big financial regulators offered their input on President Obama's plan to overhaul oversight of the financial system. What lawmakers saw was a good, old-fashioned power struggle. John Dimsdale reports.Source: Marketplace | 24 Jul 2009 | 5:08 pm Obama: Schools must 'race to the top'President Obama is creating a $4 billion grant program for schools, but only if they accept certain reforms. States may be disqualified from receiving money, unless they agree to use test score data to set teacher pay. Mitchell Hartman reports.Source: Marketplace | 24 Jul 2009 | 5:08 pm Dear Santa: No Bankruptcy, PleaseCIT is trying to convince its investors to cash in their bonds early and for less money. The tender offer is part of a last-ditch effort to keep the company from collapsing. Investors who cash out will get $775 plus a $50 early delivery payment for every $1,000 of securities. The deadline's July 31. A group of the CIT's bondholders offered the lender an emergency $3 billion loan last week, but the terms of that loan don't allow it be used to repay this debt. The company needs to get 90 percent participation from investors in order to stay afloat. Maybe it's time to appeal to a higher power for help -- Santa, are you listening? (Thanks to listener Derrick Bostrom who found the above document and others in his grandfather's old scrapbook.) » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 24 Jul 2009 | 4:51 pm Buffett: I'm keeping my Goldman Sachs warrantsNEW YORK (Reuters) - Warren Buffett said he has no plans to soon exercise Berkshire Hathaway Inc's warrants to buy $5 billion of Goldman Sachs Group Inc stock, although he could make a big profit by doing so.Source: Reuters: Business News | 24 Jul 2009 | 4:37 pm Canberra gets wired upCanberra will be the first Australian city to roll out an electric vehicle infrastructure, with the network set to be up and running in three years. Construction of recharging spots in homes, offices, shopping centres and car...Source: New Zealand Herald - Business | 24 Jul 2009 | 4:30 pm Lindsay Says Amazon's $50 Million Writedown Hurt EarningsSource: Bloomberg - All Podcasts | 24 Jul 2009 | 4:17 pm Recession's Terrible! (In The U.K.)The recession may be over in Canada, but things are grim in the U.K. Britain's Office for National Statistics announced today that domestic GDP contracted 5.6 percent in April and June compared to the same period last year. That's the worst annual decline there since the country began keeping records in 1955, and it's the fifth quarter in a row that British GDP has shrunk. Still, things aren't all bad. The U.K.'s main stock index, the FTSE 100, has been on the rise. The British pound is also recovering against the U.S. dollar, after a sharp drop at the end of last year. There's often a lag between a market recovery and an overall economic recovery. The situation may look terrible now, but if the stock and currency trend continues, things could be looking up for the Brits. Maybe they'll even see a recovery in their pub numbers. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 24 Jul 2009 | 4:04 pm Outlook's too tough to callIt's difficult to fathom how a company can report a 66 per cent decline in profit but still see a 12 per cent leap in its share price. But that's just what American heavy equipment maker Caterpillar found this week as investors...Source: New Zealand Herald - Business | 24 Jul 2009 | 4:00 pm US giant tipped for Marsden PtValero Energy Corp, the largest US refiner, is reported to be considering a bid for New Zealand Refining Co, operator of the Marsden Point oil refinery. San Antonio-based Valero may seek full ownership of, or a stake in, New Zealand's...Source: New Zealand Herald - Business | 24 Jul 2009 | 4:00 pm You don't lose, you win, full stopBusinessman Charles Bidwill draws a straight line between the success of the All Blacks and New Zealand's business environment. "I'd like to see a culture in New Zealand that applies to business a bit the same as what applies to...Source: New Zealand Herald - Business | 24 Jul 2009 | 4:00 pm Trujillo 'world class' in making enemiesCANBERRA: Former Telstra boss Ziggy Switkowski has taken aim at his recently departed successor, saying Sol Trujillo had managed to make enemies of both the Howard and Rudd Governments. But Switkowski is confident new chief executive...Source: New Zealand Herald - Business | 24 Jul 2009 | 4:00 pm Brian Gaynor : An unwelcome reminder of the 1980sThe manoeuvrings at Pyne Gould Corporation and PGG Wrightson are an unwelcome reminder of the 1980s. The two South Island companies have come under the influence of two ambitious and aggressive businessmen, Craig Norgate and George...Source: New Zealand Herald - Business | 24 Jul 2009 | 4:00 pm Let brand breathe, VW toldSTUTTGART: The best thing Volkswagen can do when it carries through its proposed merger with Porsche is this: leave Porsche alone and reap the revenue from a glossy brand with loyal, rich customers, analysts say. Having emerged...Source: New Zealand Herald - Business | 24 Jul 2009 | 4:00 pm Trading The Minimum Wage For InflationThe federal minimum wage gets a boost to $7.25 an hour today, a move that may hurt the low-wage earners the Obama administration is trying to help. The result may help send us back 30 years to the era of stagflation. The logic in raising the minimum wage is that it will help the people who need [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 24 Jul 2009 | 3:58 pm US car scrappage scheme unveiledThe US begins its car scrappage scheme, aimed at persuading owners of "gas-guzzling" cars to exchange them for greener ones.Source: BBC News | Business | World Edition | 24 Jul 2009 | 3:29 pm iShares Silver ETF Gets Another Competitor (SLV, SIVR, DBS, USV, AGQ, ZSL)In the world of metals and commodity ETF products, the iShares Silver Trust (NYS: SLV) has been the go-to ETF for traders wanting exposure to the price of silver as it has an objective to reflect the price of silver owned by the iShares Silver Trust after the fund’s expenses and liabilities. There are other [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 24 Jul 2009 | 3:25 pm Minimum Wage Hike Doubles Portion Of Workers At The Bottom
The minimum wage hasn't kept pace with inflation and carries less buying power than 40 years ago. // Minimum wage workers tend to spend the money they get, so the raise will move right back through the economy. // The increase affects just under five percent of all employees, so it's not a big deal. On the con side: By imposing a minimum wage, the government is setting an artificial price on labor instead of letting the market decide. // Businesses struggling through the recession can't afford to pay their workers more. // Increasing the minimum wage has an inflationary effect, as it causes other wages to rise, too. // Hiking the minimum wage hurts younger workers, the biggest single group at the bottom, and because employers will tend either to trim those jobs or fill them with older, more experienced workers whom they perceive as worth the extra money. But in all our conversations about the minimum wage, here's the one bit that has stuck with me -- and I'll warn you that it's a weird paradox of a thing: Economist Howard Rosen, who supports raising the minimum, told us that today's change in pay will double the percentage of the workforce getting the minimum wage or less, pushing it to just over 9 percent. Rosen says that reverses a long trend in American labor: Back in the late '70 and '80s, something like 10 percent of the workforce was getting paid at the minimum wage or below. And that share has been dropping precipitously, down to less than 10, five, and now three or four percent. So what's been done by increasing the minimum wage is that not only is it helping those people who get paid the minimum wage, but it's also increasing the coverage of those people who are getting the minimum wage. When Rosen looks at the numbers, he sees an America in which higher-paying manufacturing jobs are being replaced by lower-paying service jobs. When I look at them, two things stand out for me. On the one hand, I see a mathematical accident -- we've doubled the number of minimum wage workers, but by only by raising the wage -- and on the other, yet another mention that we're approaching an economic condition of the '70s or '80s. But you could also say that back then, the minimum wage bought more, so it wasn't quite as tough to live on (not that it was easy). I'm not sure what to make of all this just yet. You? » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 24 Jul 2009 | 3:23 pm Ban on raiding funds to pay finesShareholders, rather than policyholders' funds, should pick up the bill if insurance firms are fined for mis-selling, the City watchdog says.Source: BBC News | Business | World Edition | 24 Jul 2009 | 3:09 pm Rigel’s Troubled Arthritis TreatmentBiotehc firm Rigel’s (RIGL) rheumatoid arthritis drug candidate R788 did not meet its primary endpoint in Phase IIb clinical trial, probably putting in question the company’s goal of securing a R788 partner by the first half of 2010. In a odd twist, the main reason R788 failed the efficacy portion of the 219-patient study is because [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 24 Jul 2009 | 3:03 pm The Death of the Carbon Fund ETF (ASO)There are ETF and ETN products for just about everything. Equities, commodities, and more. This is even one for “Eu Carbon Allowances,” but not for long. XShares Advisors LLC has determined to liquidate its AirShares EU Carbon Allowances Fund (NYSE: ASO). This held much promise for the green investors and for those investors who might [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 24 Jul 2009 | 2:40 pm Ale group seeks pub trade probeThe Campaign for Real Ale complains to the Office of Fair Trading about anti-competitive practices in the pub industry that force up pricesSource: BBC News | Business | World Edition | 24 Jul 2009 | 2:29 pm Third of Europeans fear job lossA third of European workers are "very concerned" that they could lose their jobs as result of the financial crisis, an EU survey suggests.Source: BBC News | Business | World Edition | 24 Jul 2009 | 1:16 pm Citigroup names former banking regulator to board (AP)AP - Citigroup Inc. named three new outside directors Friday as the bank seeks to shift its focus back to traditional banking after it suffered a bruising hit from risky mortgage-backed securities.Source: Yahoo! News: Business | 24 Jul 2009 | 1:08 pm Top Day Trader Alerts (RIGL, MSFT, SPWR, ALGN, AMZN, JNPR, ERIC, SEPR)The following are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com: Rigel Pharmaceutical Inc. (Nasdaq: RIGL) shares are down sharply after its rheumatoid arthritis candidate missed its efficacy endpoint in a trial. Microsoft Corp. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 24 Jul 2009 | 12:49 pm Spanish join National Express bidA major shareholder from Spain teams up with a private equity firm to propose taking over bus and rail firm National Express.Source: BBC News | Business | World Edition | 24 Jul 2009 | 12:38 pm This Week’s Weird Jobs
1. Seattle: Stunt double look alike wanted for family photo shot Hello i am posting this ad to enjoy some times off from getting dressed,a hair cut and the whole 9 yards.i will pay someone 25 bucks to smile in a photo for me with my in laws.easy money! here’s what i am looking for: Plus i don’t feel like shaving etc Time off from getting dressed? Nice.
hello my name is david Regards There are a few words in the English language that just don’t take well to misspellings. This version of “painter” is one of them. 3. Remote: Freelance Writer Rates will vary from $4 and up based on article type, length and subject matter. The compensation is a flat rate with a word range and can differ with each content order. What we’ve typically seen come across: 400-600 words (long article) for $10. Short (150-250 words) for $4 and medium length is in between. 4. Michigan: Looking for Bridesmaids Hope to hear from you! I guess Katherine Heigl can’t make it to this wedding. 5. Maryland: Wanted Good Experienced Part Time Home Improvement Appointment Setter Plenty of quality warm material to call Great opportunity to grow with the company Try saying the title of that job posting three times, really quickly. Or just try to say it once. Happy Friday!
Source: Business Pundit | 24 Jul 2009 | 12:23 pm Top 10 Analyst Upgrades and Downgrades (SCHW, HSY, LEAP, PCS, MSFT, NFLX, POT, PLD, RSH, SPWRA)These are the top ten analyst upgrades and downgrades we have seen from Wall Street this Friday morning with about two hours until the market opens for trading: Charles Schwab (SCHW) Cut to Hold at Citigroup. Hershey Foods (HSY) Cut to Sell at Deutsche Bank, but was Raised to Neutral at Credit Suisse. Leap Wireless International (LEAP) Started [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 24 Jul 2009 | 11:45 am Credit Card Companies’ Dark Underbelly
Source: Business Pundit | 24 Jul 2009 | 11:19 am
|
