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Regulators close Colonial Bank; assets sold to BB&TNEW YORK (Reuters) - Colonial Bank, of Montgomery Ala., was shuttered on Friday and its assets sold to southeast regional bank BB&T Corp, marking the largest bank failure this year.Source: Reuters: Business News | 15 Aug 2009 | 4:05 am Obama blasts groups misleading on health reformObama says special-interest groups have been scaring and misleading Americans about health-care reform, and any overhaul will hold insurers accountable.
Source: MarketWatch.com - Top Stories | 15 Aug 2009 | 4:01 am Auto Review: Toyota Venza: Hard to categorize, easy to driveNone of us wants to be caught in the middle of anything, generally speaking, but in the auto world, it can be a good thing.
Source: MarketWatch.com - Top Stories | 15 Aug 2009 | 4:00 am Dana Gas Q2 profit surges on Kurdish Iraq opsDUBAI, Aug 15 (Reuters) - United Arab Emirates firm Dana Gas posted a second-quarter net profit of 392 million dirhams ($106.7 million), a more than eleven-fold increase on the year-earlier period.Source: RSS feed - channel BNewsBusiness | 15 Aug 2009 | 2:18 am Colonial BancGroup shut down by federal officialsReal estate lender Colonial BancGroup Inc. has been shut down by federal officials in the biggest U.S. bank failure this year. The Federal Deposit Insurance Corp., which was appointed...Source: RSS feed - channel BNewsBusiness | 15 Aug 2009 | 1:42 am Abercrombie & Fitch tries to keep its shirt on as sales slackenThe trendy teen apparel chain has suffered after refusing to cut prices, yet it resists big discounts. The retailer hopes win back customers by emphasizing edgier fashions. ...Source: RSS feed - channel BNPaperBusiness | 15 Aug 2009 | 1:00 am Wall Street fears U.S. consumers won't spendThe world economy is looking up, American industry is improving and inflation is subdued. But without consumer spending, can all that last?The global economic outlook is brightening, but one big thing is missing from the batch of encouraging reports of late: the American consumer.
Source: L.A. Times - Business | 15 Aug 2009 | 1:00 am Weinstein Co. has a lot riding on Tarantino's campy WWII movieIf the Brad Pitt film 'Inglourious Basterds' is a hit, it could give Harvey and Bob Weinstein some much needed breathing room and quiet speculation that their production company is on the ropes.If Miramax was the house that Quentin Tarantino built, is Weinstein Co. the house that Tarantino will save?
Source: L.A. Times - Business | 15 Aug 2009 | 1:00 am Colonial BancGroup is shut downBANKINGSource: RSS feed - channel BNPaperBusiness | 15 Aug 2009 | 1:00 am Colonial BancGroup is shut downBANKING
Source: L.A. Times - Business | 15 Aug 2009 | 1:00 am Wall Street fears U.S. consumers won't spendThe world economy is looking up, American industry is improving and inflation is subdued. But without consumer spending, can all that last? ...Source: RSS feed - channel BNPaperBusiness | 15 Aug 2009 | 1:00 am Virgin, JetBlue to add flights from California to Fort LauderdaleVirgin will add two daily nonstops each from LAX and San Francisco International, and JetBlue, which has a Long Beach-to Fort Lauderdale route, will add service from San Francisco. ...Source: RSS feed - channel BNPaperBusiness | 15 Aug 2009 | 1:00 am Stocks retreat as investors worry about consumer spendingBut the indexes finish well off their lows, a sign that the mood on Wall Street isn't all that grim, and light volume probably skewed price changes. ...Source: RSS feed - channel BNPaperBusiness | 15 Aug 2009 | 1:00 am Cash-needy state meets needy cashCalifornia Treasurer Bill Lockyer will have to borrow $10.5 billion next month. That's no small chunk of change. But the way it looks now, many investors will be lining up to hand him their money.Source: RSS feed - channel BNPaperBusiness | 15 Aug 2009 | 1:00 am Weinstein Co. has a lot riding on Tarantino's campy WWII movieIf the Brad Pitt film 'Inglourious Basterds' is a hit, it could give Harvey and Bob Weinstein some much needed breathing room and quiet speculation that their production company is on the ropes. ...Source: RSS feed - channel BNPaperBusiness | 15 Aug 2009 | 1:00 am Cash-needy state meets needy cashCalifornia Treasurer Bill Lockyer will have to borrow $10.5 billion next month. That's no small chunk of change. But the way it looks now, many investors will be lining up to hand him their money.
Source: L.A. Times - Business | 15 Aug 2009 | 1:00 am Virgin, JetBlue to add flights from California to Fort LauderdaleVirgin will add two daily nonstops each from LAX and San Francisco International, and JetBlue, which has a Long Beach-to Fort Lauderdale route, will add service from San Francisco.Arriba , arriba!
Source: L.A. Times - Business | 15 Aug 2009 | 1:00 am Boeing halts work on flawed 787 componentThe company's Italian production partner stops making the barreled pieces of the Dreamliner's midsection after a defect is found in the manufacturing process. ...Source: RSS feed - channel BNPaperBusiness | 15 Aug 2009 | 1:00 am Malibu man to plead guilty to using Swiss bank to avoid U.S. taxesJohn McCarthy is the first Californian to be prosecuted after Swiss bank UBS agreed to reveal identities of its customers. The IRS is seeking more names from the bank.A nationwide crackdown on federal income tax evasion using secret Swiss bank accounts yielded an agreement from a Malibu businessman to plead guilty to hiding at least $1 million abroad.
Source: L.A. Times - Business | 15 Aug 2009 | 1:00 am Abercrombie & Fitch tries to keep its shirt on as sales slackenThe trendy teen apparel chain has suffered after refusing to cut prices, yet it resists big discounts. The retailer hopes win back customers by emphasizing edgier fashions.Abercrombie & Fitch Co. raised eyebrows last Christmas when the teen retailer insisted it would ride out the recession without resorting to widespread price-slashing.
Source: L.A. Times - Business | 15 Aug 2009 | 1:00 am Dole Food IPO would satisfy company's hunger for cashGoing public a second time would provide the produce giant with a new source of funds to pay down its debt, invest in new products or make acquisitions. ...Source: RSS feed - channel BNPaperBusiness | 15 Aug 2009 | 1:00 am Malibu man to plead guilty to using Swiss bank to avoid U.S. taxesJohn McCarthy is the first Californian to be prosecuted after Swiss bank UBS agreed to reveal identities of its customers. The IRS is seeking more names from the bank. ...Source: RSS feed - channel BNPaperBusiness | 15 Aug 2009 | 1:00 am Boeing halts work on flawed 787 componentThe company's Italian production partner stops making the barreled pieces of the Dreamliner's midsection after a defect is found in the manufacturing process.Boeing says it has halted production of large fuselage sections for the 787 Dreamliner, the latest problem for a delay-plagued airplane that the aerospace giant is counting on to be its next big moneymaker.
Source: L.A. Times - Business | 15 Aug 2009 | 1:00 am Dole Food IPO would satisfy company's hunger for cashGoing public a second time would provide the produce giant with a new source of funds to pay down its debt, invest in new products or make acquisitions.In what analysts said was an example of stirring in the moribund market for initial stock offerings by large companies, produce giant Dole Food Co. filed regulatory paperwork Friday to sell shares to the public.
Source: L.A. Times - Business | 15 Aug 2009 | 1:00 am AstroTurf will get the lead outThe manufacturer settles an environmental lawsuit with California over lead used to keep the artificial turf green. AstroTurf and other turf-makers insist their product is safe in California.The company that makes AstroTurf, a pioneering brand of artificial grass, has settled an environmental lawsuit with the state of California, agreeing to eliminate almost all lead from its product used on playing fields and residential backyards.
Source: L.A. Times - Business | 15 Aug 2009 | 1:00 am Qatar acquire 17% Porsche stakeQatar Holding has announced it will acquire a 17 percent stake in Volkswagen AG, which is merging with Porsche, in a deal that will exceed $10 billion. This comes after the Porsche and...Source: RSS feed - channel BNewsBusiness | 15 Aug 2009 | 12:45 am Bereaved families hit by tax hikeThe interest charged on inheritance tax will rise to 3% from next month, HM Revenue and Customs has confirmed.Source: BBC News | Business | World Edition | 15 Aug 2009 | 12:27 am Anhanguera: Net Revenue Growth of 53.3% and EBITDA Growth of 49.3% in the 2Q09VALINHOS, Brazil, Aug. 15 /PRNewswire-FirstCall/ -- Anhanguera Educacional Participacoes S.A. (Bovespa: AEDU11; Bloomberg: AEDU11:BZ) announced on Friday its results for the second...Source: RSS feed - channel BNewsBusiness | 14 Aug 2009 | 10:49 pm Phones, PCs put e-book within reach of Kindle-lessA few weeks ago, Pasquale Castaldo was waiting at the Dallas-Fort Worth airport for a delayed flight, when a man sitting across from him pulled out an Amazon Kindle book-reading device. ...Source: RSS feed - channel BNewsBusiness | 14 Aug 2009 | 10:38 pm Colonial BancGroup, 4 other banks shut downRegulators on Friday shut down real estate lender Colonial BancGroup Inc. in the biggest U.S. bank failure this year and also closed four banks in Arizona, Nevada and Pennsylvania. The...Source: RSS feed - channel BNewsBusiness | 14 Aug 2009 | 10:14 pm BB&T buys Colonial bank; 4 other banks failTroubled Colonial BancGroup will be bought by rival BB&T Friday, the government said after state regulators closed the bank whose assets had been frozen by a federal judge.Source: Business and financial news - CNNMoney.com | 14 Aug 2009 | 10:11 pm Market Snapshot: U.S. stock market looks for brake after steep runIt may be break time for U.S. stocks after a steady six-month climb.
Source: MarketWatch.com - Top Stories | 14 Aug 2009 | 10:01 pm ALL BUSINESS: What is fair executive pay?The scrutiny of executive pay in Washington isn't knocking down the compensation of banks' head honchos. It's just changing what form the money comes in. Just look at Wells Fargo & Co.'sSource: RSS feed - channel BNewsBusiness | 14 Aug 2009 | 10:00 pm Colonial becomes biggest bank failure of 2009Colonial BancGroup Inc. became the largest bank failure this year Friday after the Federal Deposit Insurance Corporation seized the struggling Alabama-based lender and sold it to BB&T Corp.
Source: MarketWatch.com - Top Stories | 14 Aug 2009 | 9:52 pm Regulators seize 1 Nevada, 2 Arizona banksTwo Arizona banks were declared failed institutions on Friday and were taken over by federal or state regulators. The Federal Deposit Insurance Corporation took over control of...Source: RSS feed - channel BNewsBusiness | 14 Aug 2009 | 9:50 pm Colonial's failure could make mortgages more scarceThe collapse of Colonial BancGroup poses another hazard to the still-shaky housing market: Mortgages could become even harder to get.Source: Business and financial news - CNNMoney.com | 14 Aug 2009 | 9:39 pm Terra Firma working to avoid EMI default-reportNEW YORK, Aug 14 (Reuters) - Guy Hands' private equity firm Terra Firma Capital Partners, the owner of EMI Group [LNDONE.UL], is working to prevent a loan agreement default at the company's recorded music...Source: RSS feed - channel BNewsBusiness | 14 Aug 2009 | 9:27 pm Colonial BancGroup, 4 other banks shutRegulators on Friday shut down Colonial BancGroup Inc., a lender in real estate development, in the biggest U.S. bank failure this year, and also closed four banks in Arizona, Nevada and...Source: RSS feed - channel BNewsBusiness | 14 Aug 2009 | 8:48 pm Regulators close Colonial Bank; assets sold to BB&T (Reuters)
Source: Yahoo! News: Business | 14 Aug 2009 | 8:27 pm U.S. regulators close three banksWASHINGTON (Reuters) - Bank regulators closed three banks late on Friday -- Community Bank of Arizona, Community Bank of Nevada, and Union Bank, N.A. -- as the struggling economy and falling home prices continued to take their toll on financial institutions.Source: Reuters: Business News | 14 Aug 2009 | 8:08 pm U.S. regulators close three banks (Reuters)Reuters - Bank regulators closed three banks late on Friday -- Community Bank of Arizona, Community Bank of Nevada, and Union Bank, N.A. -- as the struggling economy and falling home prices continued to take their toll on financial institutions.Source: Yahoo! News: Business | 14 Aug 2009 | 8:08 pm Creditors seek to push Ellen Tracy into bankruptcyNEW YORK (Reuters) - A group of Asian manufacturers filed court papers on Friday in an attempt to push U.S. women's apparel brand Ellen Tracy into bankruptcy.Source: Reuters: Business News | 14 Aug 2009 | 7:57 pm U.S. consumer morale sags, industrial output risesWASHINGTON (Reuters) - U.S. consumers' gloom deepened in early August as worry about scarce jobs and falling income overshadowed positive news that industrial output in July grew for the first time in nine months.Source: Reuters: Business News | 14 Aug 2009 | 7:52 pm Weekend Investor: Concentrated stock funds put risk in focusFocused funds -- portfolios with only a couple of dozen holdings -- are getting attention in a market where stock selection is more important than ever. Their concentrated strategy might be worth some extra risk for investors who know what to look for.
Source: MarketWatch.com - Top Stories | 14 Aug 2009 | 7:45 pm Wall St snaps 4-week winning streak as data weighsNEW YORK (Reuters) - U.S. stocks fell broadly on Friday, as the major indexes snapped a four-week streak of gains after weak consumer sentiment data fueled concerns about the strength of an economic recovery.Source: Reuters: Business News | 14 Aug 2009 | 7:10 pm Mandelson secures jobs at UK Airbus sites despite cutting A 350 fundingLord Mandelson has secured thousands of British jobs at Airbus, despite the UK cutting its financial aid to the company’s next project. Source: Latest Business News from Times Online | 14 Aug 2009 | 6:00 pm JJB Sports shareholders turn to former chief executive for leadershipLeading shareholders in JJB Sports have approached its former chief executive to replace Sir David Jones, its embattled executive chairman, as head of the company. Source: Latest Business News from Times Online | 14 Aug 2009 | 6:00 pm Energy sector’s results bode ill for service providersCrude prices may have doubled from last autumn’s lows but you might not have guessed it from first-half results from the world’s oil majors. Source: Latest Business News from Times Online | 14 Aug 2009 | 6:00 pm Jackson is back on top, but Chrysalis is in no mood to partyIt happened with Elvis and it happened with John Lennon: it seems that death is no hindrance when it comes to selling records. And Michael Jackson is proving it all over again. Source: Latest Business News from Times Online | 14 Aug 2009 | 6:00 pm At leisure: Lord Thurso is tending vegetables far from the maddening crowdDon’t worry. I know exactly where to overtake on these roads. I know them like the back of my hand,” Viscount Thurso says as, rally driver-like, he speeds to within inches of the car bumper in front and whooshes into a blind dip. Source: Latest Business News from Times Online | 14 Aug 2009 | 6:00 pm Mortgage lenders turn backs on those in ‘risky’ businessesMortgage lenders are routinely blacklisting buyers according to their occupations, with applications from workers in property and finance at the top of the reject pile. Source: Latest Business News from Times Online | 14 Aug 2009 | 6:00 pm US offers tax deal to flush out holders of UBS accountsThe American tax authorities are inviting 52,000 Americans with offshore accounts at UBS to come forward with details of their accounts in an attempt to flush out tax evaders and pursuade them to pay up. Source: Latest Business News from Times Online | 14 Aug 2009 | 6:00 pm Bank’s silent guardians may soon stare out over MoscowA statue of St George that used to guard the Bank of England could soon be looking after a Russian bank or a palatial foreign abode. The statue, enshrining the power of money, used to decorate the front of a Bank of England building but is lying unsold in an antiques dealership as overt worship of Mammon becomes less acceptable. Source: Latest Business News from Times Online | 14 Aug 2009 | 6:00 pm Financial crisis and dollar weakness take toll on Baker & McKenziePartners in the London office of Baker & McKenzie, the top-six global law firm, suffered a 33 per cent fall in their average earnings to £380,000, while the average share of profits of equity partners for the year to June 30 was $992,000 (£597,000), down 17 per cent. Source: Latest Business News from Times Online | 14 Aug 2009 | 6:00 pm Rio Tinto staff on industrial espionage charges hire leading lawyersFour Rio Tinto executives accused by the Chinese Government of bribery and industrial espionage have hired high-profile lawyers in Shanghai. Source: Latest Business News from Times Online | 14 Aug 2009 | 6:00 pm US regulators close ColonialIn the biggest US banking collapse this year, regulators close the Alabama-based bank with $25bn in assets then broker the sale of its branches and deposits to BB&TSource: Financial Times - US homepage | 14 Aug 2009 | 5:52 pm Biggest US bank failure this yearColonial BancGroup becomes the biggest US bank to collapse this year and its assets are sold to rival BB&T, the regulator says.Source: BBC News | Business | World Edition | 14 Aug 2009 | 5:40 pm Letters: Your opinions of the showTess Vigeland and producer Eve Troeh tell discuss listeners' comments about our coverage of mothers in the workplace, the Bank in L.A. program, and the term 'plain vanilla'.Source: Marketplace Money | 14 Aug 2009 | 5:26 pm After Hours: BB&T buys failed lender's assets; shares riseBB&T Corp. shares advanced Friday evening following the company's assumption of an Alabama-based lender whose closing marks the biggest U.S. bank failure so far this year.
Source: MarketWatch.com - Top Stories | 14 Aug 2009 | 5:22 pm Auto suppliers under bankruptcy protection (AP)AP - Auto parts supplier Visteon Corp. has asked a Delaware bankruptcy judge for permission to cut health and life insurance benefits for thousands of current and former workers.Source: Yahoo! News: Business | 14 Aug 2009 | 5:20 pm Credit counseling can't help everyoneFor another point of view on the merits of credit counseling, we asked Gail Cunningham of the National Foundation for Credit Counseling to respond to Liz Pulliam Weston's assertions. She insists counselors are there to help, but don't work magic.Source: Marketplace Money | 14 Aug 2009 | 5:18 pm Visteon judge to rule on cutting retiree benefits (AP)
Source: Yahoo! News: Business | 14 Aug 2009 | 5:11 pm Hamas shootout with Islamist groupHamas, the Palestinian group that rules the Gaza Strip, battled against Islamist radicals in a shootout that killed at least 13 people and wounded dozens moreSource: Financial Times - US homepage | 14 Aug 2009 | 5:01 pm Businesses 'retain gay prejudice'Sir Michael Bishop, the former head of airline BMI, says gay people still face discrimination in the corporate world.Source: BBC News | Business | World Edition | 14 Aug 2009 | 4:58 pm Stocks to Watch: Stocks in focus for Monday Aug. 17Among the stocks expected to see active trading on Monday are Agilent Technologies Inc., Hastings Entertainment Inc. and Lowe's Companies Inc.
Source: MarketWatch.com - Top Stories | 14 Aug 2009 | 4:54 pm Latin American Markets: Mexico slumps as U.S. consumer data disappointsMexican and Brazilian shares close lower.
Source: MarketWatch.com - Top Stories | 14 Aug 2009 | 4:52 pm Beijing sets date for emissions cutChina’s carbon emissions will start falling by 2050, its top climate change policymaker said, the first time the world’s largest emitter has given such a time-frameSource: Financial Times - US homepage | 14 Aug 2009 | 4:33 pm Stocks drop as investors worry about consumers (AP)
Source: Yahoo! News: Stock Markets News | 14 Aug 2009 | 4:25 pm 'Freak' SEC disclosure rules highlight SchwarzmanA quirk of Securities and Exchange Commission compensation disclosure rules has left Blackstone Group Chief Executive Stephen Schwarzman at the top of a list of the highest paid executives in 2008.
Source: MarketWatch.com - Top Stories | 14 Aug 2009 | 4:15 pm Write-Offs: 08.14.09$$$ Jim Cramer: Why The Media Is Wrong About The Market [CNBC] $$$ Friday Failure [The Deal] $$$ What Madoff's Chief Fraud Officer Has to Offer, Other Than Illegal Firearms [Dealbook] $$$ Harvey Weinstein Fire Sale Begins [GofaG] $$$ Job of the Week: UBS needs an associate director of investment banking. You. [DB Career Center] $$$ Las Vegas: The Casino Town Bets On A Comeback [Time] 
Sponsored Topics: Investment Banks - Business - UBS AG - Jim Cramer - Bernard Madoff Source: Dealbreaker | 14 Aug 2009 | 4:12 pm Emerging Markets Report: Sugar shortages spike prices, producers' stocksA surge in sugar prices to fresh highs has drawn investors to the shares of global sweetener companies, making Brazil’s Cosan Ltd., U.S.-based Imperial Sugar Ltd. and Britain’s Tate & Lyle the latest favorites in the notoriously fickle commodities-investing market.
Source: MarketWatch.com - Top Stories | 14 Aug 2009 | 4:06 pm Dawson-Herman Shuttering Fund
Sponsored Topics: Hedge fund - U.S. Securities and Exchange Commission - John Dawson - Business - New York City Source: Dealbreaker | 14 Aug 2009 | 4:05 pm Buffett sells energy, buys drugmaker stocksInvestor guru Warren Buffett bought up millions of shares of health care and drugmaker stocks in recent months while shedding energy shares, according to a Friday filing with the Securities and Exchange Commission.Source: Business and financial news - CNNMoney.com | 14 Aug 2009 | 4:03 pm Berkshire reports Becton Dickinson stake, ups J&JNEW YORK (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway Inc reported on Friday a new 1.2 million share investment in Becton Dickinson & Co and an increased stake in Johnson & Johnson , as it boosted exposure to some health-care companies.Source: Reuters: Business News | 14 Aug 2009 | 3:56 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 starting this spring. The numbers are the closing levels for the Dow:Source: Yahoo! News: Stock Markets News | 14 Aug 2009 | 3:54 pm Bove on Banking, Papp on China, Hynes on Market: AudioSource: Bloomberg - All Podcasts | 14 Aug 2009 | 3:52 pm Stocks end the week with a pullbackStocks slumped Friday, but managed to cut steeper losses by the close, after a weaker-than-expected consumer sentiment report raised worries about the strength of any economic recovery.Source: Business and financial news - CNNMoney.com | 14 Aug 2009 | 3:51 pm Soros cuts some retailers, takes stake in BofA (Reuters)Reuters - Billionaire investor and philanthropist George Soros' Soros Fund Management reported holdings of $4.2 billion at the end of the second quarter after cutting its stake in a number of retailers.Source: Yahoo! News: Business | 14 Aug 2009 | 3:44 pm Soros cuts some retailers, takes stake in BofABOSTON (Reuters) - Billionaire investor and philanthropist George Soros' Soros Fund Management reported holdings of $4.2 billion at the end of the second quarter after cutting its stake in a number of retailers.Source: Reuters: Business News | 14 Aug 2009 | 3:44 pm Meet The Vacation Czar
Clearly Russia's unique forced lending program has yet to make it big over here. However, if the administration is serious about encouraging banks to lend, the prospect of KL sobbing about having to cancel his 2-weeker to the Boone's mothership in Modesto because BAC is still keeping the purse strings a bit too tight might just do the trick. Putin Lets Kostin Take a Vacation [Moscow Times]
Sponsored Topics: Russia - Vladimir Putin - Prime minister - Moscow Times - Society and Culture Source: Dealbreaker | 14 Aug 2009 | 3:33 pm How the major stock indexes fared on Friday (AP)AP - Stocks fell sharply Friday, taking the major indexes down about 1 percent, after investors were disappointed by reports that the Reuters/University of Michigan index of consumer sentiment fell significantly short of expectations for the first part of August. That's a sign consumers may well keep cutting back their spending as they worry about losing their jobs.Source: Yahoo! News: Stock Markets News | 14 Aug 2009 | 3:31 pm Next Stop AQR, Where Stone Will Be Convinced That Dog Fights "Really Do" Take Place At The Close Of Particularly Profitable Trading SessionsFollowed by an unscheduled visit to 72 Cummings Point Road, in case any of you ladies want to slip into something a bit more revealing and score an extras gig, and a walk-through of the locker room at Rego Park's premier Gold's Gym with Charlie Gasparino. Oliver Stone was just here [at RBC Capital Markets] with his entourage taking pix of our trading floor to scout locations for the movie he is about to destroy thanks to Shia. Earlier: Wall Street Sequel Secures Actress Willing To Fake It With Shia LaBeouf
Sponsored Topics: OliverStone - Shia LaBeouf - Wall Street - Charlie Gasparino - RBC Capital Markets Source: Dealbreaker | 14 Aug 2009 | 3:22 pm Buffett & Berkshire Hathaway Q2-2009 Holdings P to Z (BRK-A, PG, SNY, STI, TMK, USB, USG, UNH, UNP, UPS, WBC, WMT, WPO, WFC, WLP, WSC)Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) has released its public stock holdings for Q2-2009 as of June 30, 2009. Buffett did make some portfolio changes that have been seen here from the end of Q1 and we have broken these down into 3 groups of ‘A to F’ and ‘G to O’ and ‘P to Z’ [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Aug 2009 | 3:22 pm Berkshire Hathaway & Buffett Q2-2009 Holdings G to O (BRK-A, GCI, GE, GSK, HD, IR, IRM, JNJ, KFT, LOW, MTB, MCO, NLC, NKE, NSC, NRG)Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) has released its Q2-2009 public equity holdings as of June 30, 2009. There are some portfolio changes that have been seen here from the end of Q1 and we have broken these down into 3 groups of ‘A to F’ and ‘G to O’ and ‘P to Z’ so these [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Aug 2009 | 3:02 pm Dreamliner faces manufacturing woesBoeing's new Dreamliner is facing another setback -- a problem with the plane's high-tech skin. Joel Rose reports on Boeing's manufacturing challenges as it switches from aluminum to composite materials.Source: Marketplace | 14 Aug 2009 | 2:54 pm UBS tax deal seen involving big accountsZURICH (Reuters) - A landmark settlement that will spare UBS a lengthy and damaging U.S. tax trial is set to be signed next week and will involve the disclosure of the biggest holders of secret Swiss accounts.Source: Reuters: Business News | 14 Aug 2009 | 2:47 pm Podcast: Your Doctor Is Like A Mechanic
And imagine this here is your spleen, see. (Douglas Grundy / Three Lions/Getty Images) On today's Planet Money: Imagine two identical hospitals, side by side. One charges patients a little, and the other piles on the bills. Where do patients get better care? Researchers at Dartmouth say that, overall, there's no connection between the intensity, quality or cost of treatment and how well patients fare. That's one of the biggest challenges in fixing health care -- patients, doctors and insurance companies aren't all playing with the same information. As patients visiting a doctor, most of us are like drivers taking a car to the mechanic. If we had the know-how, we'd fix it ourselves, but we don't and so we have to rely on someone else's judgment. With appearances by Deborah Kimbell of the Dartmouth Institute for Health Policy and Clinical Practice, Chana Joffe-Walt's mom, a sunglasses vendor in Manhattan, and mechanic Ari Cohen. Bonus: After the jump, David Kestenbaum impersonates Kanye West. Download the podcast; or subscribe. Intro music: The Ramones' "I Wanna Be Sedated." Find us: Twitter/ Facebook/ Flickr. 
Now if only we could hear Mr. Kestenbaum singing. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 14 Aug 2009 | 2:45 pm Buffett & Berkshire Hathaway Q2-2009 Holdings A to F (BRK-A, AXP, BAC, BDX, BNI, KMX, KO, CMCSA, CDCO, COP, COST, ETN, CEG)Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) has shown its Q2-2009 holdings as of June 30, 2009. There are some portfolio changes that have been seen here from the end of Q1 and we have broken these down into 3 groups of ‘A to F’ and ‘G to O’ and ‘P to Z’ so these are easier [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Aug 2009 | 2:45 pm U.S. consumer morale sags, industrial output rises (Reuters)
Source: Yahoo! News: Business | 14 Aug 2009 | 2:33 pm Wall St snaps 4-week winning streak as data weighs (Reuters)
Source: Yahoo! News: Stock Markets News | 14 Aug 2009 | 2:26 pm Wall St snaps 4-week winning streak as data weighs (Reuters)
Source: Yahoo! News: Business | 14 Aug 2009 | 2:26 pm U.S. Natural Gas Fund Suspends Offering of ETF: AudioSource: Bloomberg - All Podcasts | 14 Aug 2009 | 2:26 pm Odds are 622m-1, but lottery players travel to Italy in hopeItaly's record lottery jackpot hits 138.9m euros (£119m), after hopeful players from across Europe were disappointed.Source: BBC News | Business | World Edition | 14 Aug 2009 | 2:24 pm News Corp's Advances In Executive Compensation Disclosure
News Corp. on how to say nothing in so many words... [Footnoted]
Sponsored Topics: Peter Chernin - News Corporation - Chief operating officer - Stanley O'Neal - Business Source: Dealbreaker | 14 Aug 2009 | 2:20 pm It's A Dog Eat Dog World Out ThereIt's not news that Carl Icahn loves a good fight. But watching hedgie v. hedgie in a grudge match just seems dull. Who does one root for? Activist investor Carl Icahn is under fire from a hedge fund that accuses the billionaire investor of enriching himself at the expense of minority shareholders in XO Holdings Inc (XOHO.OB), a company he controls. Ok, who is going to be the first Dealbreaker reader to make an electronic exchange for NOLs that actually works? Hedge fund suit says Icahn hurt XO investors [Reuters]
Sponsored Topics: Carl Icahn - Hedge fund - New York - Business - Investing Source: Dealbreaker | 14 Aug 2009 | 2:19 pm Unshackled, Wall Street's cop goes hard on fraudWASHINGTON (Reuters) - Wall Street's top cop has a lot to prove and its been taking no prisoners.Source: Reuters: Business News | 14 Aug 2009 | 2:09 pm Unshackled, Wall Street's cop goes hard on fraud (Reuters)
Source: Yahoo! News: Stock Markets News | 14 Aug 2009 | 2:09 pm UK defends its healthcareThe fractious British political classes have united in defence of the UK’s healthcare system asafter it has become a byword for the failings of universal, state-funded provision among the US Republican rightSource: Financial Times - US homepage | 14 Aug 2009 | 2:08 pm Presented By:Source: Dealbreaker | 14 Aug 2009 | 2:02 pm Germany Opts Out Of Skilled Labor InfluxFor those bankers and other finance professionals looking to escape centrally dictated pay caps, cross Germany off the list of havens. Bankers who take unjustifiable risks in business deals will be forced to repay their bonuses under new rules unveiled by German financial watchdog Bafin on Friday. We would wonder aloud who rules on what is "unjustified," but we suspect we already know the answer. Nothing exciting goes on in Germany anyway so... no big loss. German watchdog takes aim at banker bonuses [Reuters]
Sponsored Topics: Risk management - Business - Germany - Bank - Financial crisis Source: Dealbreaker | 14 Aug 2009 | 2:02 pm Nigeria sacks heads of five banksThe Nigerian central bank has injected 400bn naira ($2.6bn; £1.6bn) into five banks and sacked their managers.Source: BBC News | Business | World Edition | 14 Aug 2009 | 1:50 pm Barnes & Noble Cut to `Underperform’ at Credit Suisse: AudioSource: Bloomberg - All Podcasts | 14 Aug 2009 | 1:49 pm British Land in talks to sell 50pc Broadgate stakeBritish Land is expected to announce early next week that it has entered into exclusive talks to sell a 50pc stake in its £2.3bn Broadgate office estate.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 14 Aug 2009 | 1:40 pm McManus Seeks Companies That Display Pricing Power: AudioSource: Bloomberg - All Podcasts | 14 Aug 2009 | 1:39 pm Cassidy Say Real Estate Banking Issues to Peak in 2010: AudioSource: Bloomberg - All Podcasts | 14 Aug 2009 | 1:33 pm Second Life's Economy Nearly Doubles
It's all in fun until someone makes a million dollars. (Second Life) By Laura Conaway I don't know how I missed this key, crucial and totally critical piece of news: The economy in Second Life has grown by 94 percent over the past 12 months, with activity that equates to $144 million in the second quarter. Granted, the real people and their groovy avatars in the 3D virtual reality world are trading in Linden dollars, except when they're not, like the woman who made a million U.S. dollars selling virtual real estate. Beam me up, I guess. Oh, wait -- wrong world. Bonus: Is Second Life having a recession? » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 14 Aug 2009 | 1:31 pm Kenya pay strike grounds planesMost flights from Kenya's main airport are grounded as workers from the national airline strike over pay, leaving passengers stranded.Source: BBC News | Business | World Edition | 14 Aug 2009 | 1:16 pm Cheer up the recession won't be anything like as bad as we think it isSource: Finance and Business. Latest breaking news stocks and shares from the UK and world | 14 Aug 2009 | 1:15 pm PayPoint set for revenue boost after agreeing longterm British Gas contractA longterm contract with British Gas is expected to boost the revenues of PayPoint the company that provides terminals and online portals for customers to pay their household bills and topup their mobile phones.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 14 Aug 2009 | 1:11 pm Slumber Party!
Related: Melissa Francis Building Reverse Peephole Earlier: Aggressive Amounts Of Cleave Comin' At Ya
Sponsored Topics: Melissa Francis - Shopping - Sports - United States - Arts Source: Dealbreaker | 14 Aug 2009 | 1:05 pm Peter Cruddas has taken CMC Markets back to basicsTrading firm tightening up its operation after period of rapid expansion and £140m investment by Goldman Sachs.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 14 Aug 2009 | 12:56 pm Not quite on the money but still a decent optionSource: Finance and Business. Latest breaking news stocks and shares from the UK and world | 14 Aug 2009 | 12:42 pm Ahrens Sees U.S. Growth of 2.75% in Second Half: AudioSource: Bloomberg - All Podcasts | 14 Aug 2009 | 12:40 pm Odey's warning knocks FTSE off its strideThe FTSE 100 tumbled almost 0.9pc amid concerns the stock market's fivemonth rally has got ahead of economic reality.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 14 Aug 2009 | 12:39 pm New York's Paterson Calls for Cap on State Spending: AudioSource: Bloomberg - All Podcasts | 14 Aug 2009 | 12:33 pm Hong Kong rebounds with 3.3% GDP boostHong Kong unexpectedly reported strong second-quarter growth on Friday after a year of contraction, in a fresh sign that the global economic crisis could be coming to an endSource: Financial Times - US homepage | 14 Aug 2009 | 12:26 pm Qatar in €7bn Porsche-VW moveThe dynasty behind Porsche agreed to sell a 10 per cent voting stake to Qatar Holding, opening up the sports car maker to outside investors as the first step towards a planned merger with VolkswagenSource: Financial Times - US homepage | 14 Aug 2009 | 12:26 pm Mayer Sees Trust Returning, Libor Spread Narrowing: AudioSource: Bloomberg - All Podcasts | 14 Aug 2009 | 12:25 pm Runaway receiver at odds with SEC in Stanford case (AP)AP - The attorney supposed to clean up what the government says was Texas businessman R. Allen Stanford's multibillion-dollar Ponzi scheme is managing to anger just about every party involved in the case.Source: Yahoo! News: Stock Markets News | 14 Aug 2009 | 12:13 pm General Motors receives improved offers for Vauxhall and OpelGeneral Motors and the German government played down hopes of an imminent decision over the sale of the car maker's European unit after receiving improved offers for the group.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 14 Aug 2009 | 12:10 pm GM and Chrysler steer different paths to recoveryThe ‘new’ General Motors gallops out of the gate with a slew of announcements and other initiatives, while Chrysler has been relatively silent all but invisible apart from run-of-the-mill sales promotions, writes Bernard SimonSource: Financial Times - US homepage | 14 Aug 2009 | 12:02 pm Macro Problems In Micro Land
Still, folks in the developing world have a long way to go before they reach the pinnacle of reckless lending behavior. For starters, people need to learn that admitting you lied on a loan application is a no-no.
Sponsored Topics: Bank - Debt - Loan - Credit crunch - India Source: Dealbreaker | 14 Aug 2009 | 12:01 pm This Week’s LinksThis town in India uses tree roots as living bridges. Foreign Policy on the “he-cession.” Wall St. Cheat Sheet has some good ideas for financial journalism. WalletPop has the truth about dollar stores. Just in case you thought Gary Coleman had disappeared, he’s back. Selling french fries.
Source: Business Pundit | 14 Aug 2009 | 12:00 pm The US economy is still strugglingIs the worst over? Some recent figures point that way, but for the moment, the emphasis needs to stay on caution not optimismSource: Financial Times - US homepage | 14 Aug 2009 | 11:54 am Who wins when banks failShares of BB&T Corp. shot higher after reports that it might be scooping up the remains of Colonial BancGroup.Source: Business and financial news - CNNMoney.com | 14 Aug 2009 | 11:44 am FTSE 100's first weekly fall in over a month prompts rallyend fearsLondon shares slide 41.49 points - or 0.9pc - and shed 0.4pc during the week adding to signs that the recent rally may be drawing to a close.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 14 Aug 2009 | 11:43 am Desperately seeking realtors for Madoff homesThe U.S. Marshals Service is asking real estate agents to put in bids to be the listing agents for three properties owned by convicted swindler Bernard Madoff.Source: Business and financial news - CNNMoney.com | 14 Aug 2009 | 11:28 am B of A does away with arbitration ruleBank of America is ending a rule that consumer disputes be settled through the arbitration process. Jeremy Hobson reports the bank's move is likely just the beginning.Source: Marketplace | 14 Aug 2009 | 11:27 am Who will pay for new federal oversight?The Obama administration is grappling with figuring out who will fund the costs for new regulation of the financial system. Steve Henn reports even bankers can't seem to agree.Source: Marketplace | 14 Aug 2009 | 11:27 am Sector Snap: Airline shares fall (AP)AP - Republic Airways shares rose after it won the bidding to take Frontier Airlines out of bankruptcy, while other airline stocks fell.Source: Yahoo! News: Stock Markets News | 14 Aug 2009 | 11:27 am Pics: Dollar Store Goes 88 Cents. Dress On Sale for $2,499.
Going for less in Kent, Wash. (Mark Terry) By Laura Conaway The news says inflation disappeared in July. Listener Mark Terry sends photo evidence from Kent, Wash. After the jump, more evidence: an amazing deal on an amazingly priced amazing dress. 
Marked down to $2,499. (Jen Firlik) Jen Firlik sends this photo evidence of prices falling. She writes: I took this photo a couple of weeks ago at the Barneys Warehouse sale in San Francisco. I literally stopped in my tracks and said "wow," in part because I'd never seen a $28,000 dress in person...and in part because it was yellow and orange paint-splattered (Dolce & Gabbana). This was a steal for someone at the deeply discounted price of... $2499. Bonus: Jen Firlik's cool photo blog. 
Paint makes it worth more. (Jen Firlik) » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 14 Aug 2009 | 11:24 am Mixed Rig Counts Despite Higher OilBaker Hughes Inc. (NYSE: BHI) has released its weekly rig counts for the U.S., Canada, and international. While oil continues to stay high, the rig count picture is a mixed picture. U.S. Rig Count is up 2 from last week at 968; down 1022 year over year. Canadian Rig Count is down 25 [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Aug 2009 | 11:23 am Tesco 'propping up' trading with £200m Clubcard promotionCity analyst claims that Tesco's plan to double shoppers' rewards from its loyalty scheme is being implemented to prop up shortterm trading.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 14 Aug 2009 | 11:17 am A rally with troubling aspectsMarkets worldwide are pricing in a lot of good news, worrying analysts who believe this rebound will run out of steamSource: Financial Times - US homepage | 14 Aug 2009 | 11:08 am FTSE 100 shares down on poor eurozone data (AFP)
Source: Yahoo! News: Business | 14 Aug 2009 | 11:04 am FTSE 100 shares down on poor eurozone data (AFP)
Source: Yahoo! News: Stock Markets News | 14 Aug 2009 | 11:04 am Volt vs. Prius: What's the better deal?The Volt may get 230 mpg. GM says it will cost only 40 cents to fuel up the car from a household outlet. But it still may not be worth it to buy one.Source: Business and financial news - CNNMoney.com | 14 Aug 2009 | 11:03 am Keep your cash safeAs yet another bank faces collapse, consumers are worried about their cash.Source: Business and financial news - CNNMoney.com | 14 Aug 2009 | 10:57 am Europe and US still at risk from deflation trapConsumer prices in America and eurozone fall by 2.1pc and 0.7pc respectively over the past year sparking fears of deflation.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 14 Aug 2009 | 10:54 am Oil industry split on climate law protestsA rift has broken out within the US oil industry over a controversial plan to deploy thousands of workers in so-called “Energy Citizen” rallies protesting against imminent climate legislationSource: Financial Times - US homepage | 14 Aug 2009 | 10:51 am U.S. sees big banks largely funding consumer agency (Reuters)Reuters - The Obama administration is proposing to fund the enhanced policing of financial firms by levying fees on the largest banks, while sparing community banks from increased costs, a Treasury official said on Friday.Source: Yahoo! News: Business | 14 Aug 2009 | 10:46 am U.S. sees big banks largely funding consumer agencyWASHINGTON (Reuters) - The Obama administration is proposing to fund the enhanced policing of financial firms by levying fees on the largest banks, while sparing community banks from increased costs, a Treasury official said on Friday.Source: Reuters: Business News | 14 Aug 2009 | 10:46 am Bailed-out banks: What we still don't knowThe Obama administration pledged unprecedented transparency in its accounting of the $700 billion bank and auto bailouts (TARP) and the $787.2 billion Recovery Act. A lot of information has been made public but there are some key details where the transparency falls far short.Source: Business and financial news - CNNMoney.com | 14 Aug 2009 | 10:44 am Porsche shares up on Qatar dealShares in Porsche rose after the Gulf state of Qatar agreed to take a stake in the the German carmaker.Source: BBC News | Business | World Edition | 14 Aug 2009 | 10:33 am Madoff chief let off chargesNEW YORK: Bernard Madoff's former finance chief will not face charges for using drugs or for having unregistered firearms as part of his plea deal. Frank DiPascali's plea agreement says if he co-operates fully, he also won't be...Source: New Zealand Herald - Business | 14 Aug 2009 | 10:30 am Manufacturing's Up. Confidence Falls. Gas Prices Got You Down?By Laura Conaway The world is ginning out numbers today. Factories in July made more stuff for the first time in nine months. The Federal Reserve reports industrial production was up 0.5 percent, which amounts to a big increase in these days of stagnant economic indicators. You folks out don't seem any happier. The Michigan Consumer Sentiment Index skidded this month from 66 to 63.2, whatever that means. High Frequency Economics' Ian Shepherdson says the dip may stem from rising gas prices. "Either way, it is not clear that the confidence numbers are as useful a guide to spending now as in the past," he writes. Me, I'm still blaming unemployment for the general gloom, especially the rise in people who've been out of work six months or longer. How's anyone supposed to feel confident in a time like that? » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 14 Aug 2009 | 10:17 am Woodstock: Peace, love and red inkRead full story for latest details.Source: Business and financial news - CNNMoney.com | 14 Aug 2009 | 10:09 am This Week’s Weird Jobs
1. LA: Do you suffer from Contamination, Religious or Checking Obsessions? 3 Ball Productions, the production company behind NBC’s hit show, “The Biggest Loser,” and many other shows with a positive message and impact on society, is producing a new non-exploitative documentary style series, “The OCD Project”. We are searching for people who suffer from OCD. Six chosen applicants will receive four free weeks of intensive therapy conducted in a group setting by a prestigious doctor who has been highly successful in the treatment and advances of Obsessive Compulsive Disorder. All expenses will be paid, including room, board and all therapy sessions. Each participant will also receive an ample weekly compensation. 2. Mexico: Bartender for Tijuana German Pub Authentic German Style Pub opening in the bustling and growing city of Tijuana, Mexico. Looking to fill all positions with german/english/spanish speaking staff. Experience preferred but will train right candidates. Positions include kitchen, bar, servers, doorman, DJ. Please reply for more information if interested. Please specify your hat and waist size so that we can outfit you with lederhosen and a sombrero. 3. LA: Producer Needed For Feature Producer needed for SAG ultra low budget feature film. We are trying to get at least one recognizable name actor. Nothing is in place, except the director, most equipment, and funding. Everything else will be your job, which will begin immediately, with principle photography projected to start early November. THERE IS NO PAY (gas and minimal expenses will be reimbursed). No experience is required to apply. Please do not apply if you cannot commit 3-4 months of full time work without pay. Anyone lacking a trust fund need not apply. 4. Montana: Sleep Tech Currently seeking a Sleep Technologist for immediate hire in a rural hospital. This is a temporary position, with 10 hour night shifts beginning at 8:00pm, for 2 to 3 weeks, Monday through Thursday. - Must be certified in sleep I know sleep certification is an official thing, but I definitely feel certified in sleep. Does that count for something? 5. Florida: I need someone to dry my placenta Please no stupid e-mails. AAAHHHHHHHH! Happy Friday!
Source: Business Pundit | 14 Aug 2009 | 10:00 am Shake-up in the country's boardroomsOn Monday, Fisher & Paykel Appliances will take its first steps towards a major boardroom shake-up. Two representatives from Chinese Appliance manufacturer Haier are expected to be voted on to the board as part of the financial...Source: New Zealand Herald - Business | 14 Aug 2009 | 10:00 am Director-fee fallout hurts ContactContact Energy says the fallout following last year directors' fee shambles was the worst blow to its reputation in the company's history. The company announced a 50.4 per cent plunge in profit for the past year to $117.5 million,...Source: New Zealand Herald - Business | 14 Aug 2009 | 10:00 am Flexibility, capability key for FonterraThe nation's freight sector should focus on building ocean cargo capacity and flexibility in making connections to key shipping routes, rather than rivalry between ports, says a Fonterra manager. "That's a bigger issue for New...Source: New Zealand Herald - Business | 14 Aug 2009 | 10:00 am How Madoff kept scam going so longPeering into Bernard Madoff's investment advisory business, a government lawyer found it odd that he was trading different securities, and at different times, for clients. He was claiming the same strategy for all of them. So why...Source: New Zealand Herald - Business | 14 Aug 2009 | 10:00 am Brian Gaynor : Bonds scheme a winner - for the bankThe Bonus Bonds scheme, which is the country's biggest investment pool, is a massive gravy train. Unfortunately the main beneficiary of this is the investment manager, ANZ National Bank, rather than the investors who "invest" in the...Source: New Zealand Herald - Business | 14 Aug 2009 | 10:00 am Car trade-in scheme may be clunkerWASHINGTON: In a disappointment for the Obama Administration's efforts to push the US economy back to recovery, the US$3 billion "cash-for-clunkers" scheme may have stimulated retail sales far less than hoped. Vehicle sales rose...Source: New Zealand Herald - Business | 14 Aug 2009 | 10:00 am Red ink dries up in two big economiesFrance and Germany have snapped out of recession unexpectedly early, according to the first estimates of growth released by the European statistics agency. Both economies grew by 0.3 per cent between April and June, a much better...Source: New Zealand Herald - Business | 14 Aug 2009 | 10:00 am View from mahogany row must take in the customer's perspectiveWhat sort of people do we want on our corporate boards? How about sharp thinkers with business experience and the common sense to understand how their business relates to the real world? That would be a start. A good corporate board...Source: New Zealand Herald - Business | 14 Aug 2009 | 10:00 am China snaps up energy companiesHONG KONG: China, unfazed by failures to invest in Rio Tinto Group and Unocal, will boost spending on oil and mining acquisitions by at least half this year to take advantage of lower valuations after commodity prices slumped. State-owned...Source: New Zealand Herald - Business | 14 Aug 2009 | 10:00 am Pakistan-Turkey rail trial startsPakistan is launching its first international freight train service from Islamabad to Istanbul, covering 6,500km.Source: BBC News | Business | World Edition | 14 Aug 2009 | 9:37 am Merkel and Medvedev talk businessGerman Chancellor Angela Merkel and Russian President Dmitry Medvedev discuss human rights and boosting investment links.Source: BBC News | Business | World Edition | 14 Aug 2009 | 9:36 am North Sees 10-Year Treasury Near 4% in Next Few Months: AudioSource: Bloomberg - All Podcasts | 14 Aug 2009 | 9:13 am Cantor's Pope Favors Information Technology Stocks: AudioSource: Bloomberg - All Podcasts | 14 Aug 2009 | 9:12 am LDV in 'exclusive' sale talksVan firm LDV, and Birmingham Pressing Limited in which LDV has a stake, are talking to one party exclusively hoping to sell the business, say the administrators.Source: BBC News | Business | World Edition | 14 Aug 2009 | 9:06 am An influx of 40-year anniversariesAugust commemorates the 40-year anniversary of Woodstock, and a lot of other things happened in 1969 too. Rico Gagliano explores the surprising number of 40th anniversaries we're experiencing lately.Source: Marketplace | 14 Aug 2009 | 8:43 am Weekly Wrap: The Fed's new roleFreelance journalist Heidi Moore and Clusterstock's John Carney talk with Kai Ryssdal about when the Federal Reserve can start raising interest rates again, and its political role in this economic climate.Source: Marketplace | 14 Aug 2009 | 8:28 am How Deep Are Buffett’s SEC & Derivative Issues? (BRK-A) (BRK-B)Berkshire Hathaway Inc.(NYE: BRK-A) (BRK-B) had its earnings and quarterly report last Friday, but the aftermath this week has shown more derivative criticism. But more importantly, issues over SEC letters and correspondence have been gathering some heightened interest. Buffet and friends have seen their shares of Berkshire drop since earnings were reported. Last Friday ahead of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Aug 2009 | 8:18 am Online competitors move in on shippersDropping home prices and a dismal job market mean more people are staying put and moving companies have fewer customers. Lenora Chu reports online competition is also giving traditional movers a headache.Source: Marketplace | 14 Aug 2009 | 8:17 am District 9 creates augmented realityTo get people excited for the release of the alien thriller film District 9, Sony teamed up with marketing firm Trigger to create an augmented reality. Kai Ryssdal finds out what that means from entertainment journalist Claude Brodesser-Akner.Source: Marketplace | 14 Aug 2009 | 8:14 am The Recession Will Not Go Gentle Into That Good Night“Do not go gentle into that good night.” –Dylan Thomas The recession, which was supposed to be ending, is hanging on for dear life if some of the economic data out this week are any indication. Housing figures on prices and foreclosures from Zillow and Trulia were quite bad. The market was also disappointed that retail sales [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Aug 2009 | 8:12 am Inflation Disappears In July As CPI Shows Zero ChangeBy Laura Conaway Inflation watchers, keep looking. The new Consumer Price Index just came out, and it shows overall prices were absolutely flat in July. In June, prices rose 0.7 percent. Economists had predicted an increase in July of 0.1 percent. Today's numbers track with the report on retail sales from July, which fell 0.1 percent. Clearly, demand is still very low. Prices were down in several major categories last month. Food fell by 2 percent, led by critter products at 1.3 percent. Housing dropped 0.2 percent. Energy fell 0.4 percent The report shows signs of what's in the news. Used vehicles fell 7.9 percent. New vehicles rose 1.2 percent (more cash for non-clunkers?). Medical care rose 0.2 percent. CPI has fallen 2.1 percent over the past year. The lack of inflation has so far allowed the Federal Reserve to keep interest rates low. Inflation hawks have warned that the loose monetary policy will lead to inflation once the economy recovers. Not yet. Economists consider an inflation rate of 2 or 3 percent a year to be healthy, since it wards off deflation. Technically, deflation is when wages and prices are both falling, with wages falling faster. In real terms, deflation is a spiraling disaster. It's much harder to fix than runaway inflation. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 14 Aug 2009 | 7:30 am BofA Sees Big Upside in Citigroup (C, BAC)Citigroup, Inc. (NYSE: C) is trading higher this morning on an analyst upgrade. This would probably be a much more important call had financials not run so much. Bank of America Merrill Lynch raised its rating to BUY from Underperform this morning. The old $2.50 target has now been raised up to $5.75. Again, it is [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Aug 2009 | 6:59 am The Taming of the Inflation ShrewThis morning’s data from the Labor Department on the Consumer Price Index was released for July, and the inflation hawks out there are going to have to keep saying “It’s coming” rather than “See, it’s here.” While some prices are expected to be higher in the next couple of months, we still have a flat [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Aug 2009 | 6:44 am Ford Ups Production. Plus: The Tangled Debate Over Health CareBy Laura Conaway Welcome to a gorgeous summer Friday (in New York, at least). Here's what has caught my eye: Ford seems to be drawing a diagram of Keynesian economics at work. Ford says it will build 18 percent more cars and trucks this quarter to meet demand created by the government's now $3 billion Cash for Clunkers program. Japan is stuck in neutral, the Economist says, in a great look at what's wrong with one of the world's more important economies. I'll drop a chart of scary Japanese wages after the jump. Foreclosures are up in Illinois, and this time they're coming for the rich folks. Calculated Risk wonders what the fix might be. For those who need to catch up on the Colonial Bank debacle, which could become the most expensive FDIC takeover of the year, check out Floyd Norris' column in the New York Times. Norris notes that Colonial met government standards for being "well capitalized" in March. "How could a bank be well capitalized and facing government orders to find more capital?" he asks. Finally, if this whole health care debate is getting you down, check in with Baseline Scenario. James Kwak unloads about the opposition from American seniors to government care, which they've had since the 1960s. "But hey, it's a democracy, and people don't have to wish for others the benefits they themselves enjoy," he writes. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 14 Aug 2009 | 6:31 am A Strong Brand, Defined
UPDATE: Brand New, after seeing the viral image depicted above, decided to set the story straight. It turns out that Coke has been quite consistent, but the story isn’t as black-and-white as the initial image suggests. Read more about the real story here. Here’s the real world version of the first image:
Source: Business Pundit | 14 Aug 2009 | 5:52 am Top 10 Analyst Upgrades and Downgrades (AMGN, AVY, COLM, DSGX, EJ, JASO, KG, SCSS, SPWRA, THC)These are the ten top analyst upgrades,downgrades, and initiations we have seen early this Friday morning with roughly two hours until the market opens: Amgen (AMGN) Cut to Hold at Citigroup. Avery Dennison (AVY) Raised to Overweight at JPMorgan. Columbia Sportswear (COLM) Raised toOverweight at Barclays. Descartes Systems (DSGX) Started as Overweight at Thomas Weisel. eHouse China (EJ) Raised to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Aug 2009 | 5:51 am European stocks climb, London hits new high (AFP)
Source: Yahoo! News: Stock Markets News | 14 Aug 2009 | 5:45 am World stocks rally, China caps gains (Reuters)
Source: Yahoo! News: Stock Markets News | 14 Aug 2009 | 5:34 am A Strange New World: A Bidding War For An AirlineAirline analysts are worried that some US carriers will have to make huge cost cuts or face Chapter 11 filings later this year. The rising cost of jet fuel and precipitous dive in passenger traffic are causing huge losses among most of the industry’s leaders. This makes the bidding war for Frontier Airways especially strange. Southwest [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Aug 2009 | 4:15 am
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