Doha deal could boost world GDP $300-700 billion: study

GENEVA (Reuters) - A successful Doha round trade deal could boost the global economy by $300-700 billion a year, a study by the Peterson Institute for International Economics said.
Source: RSS feed - channel BNewsBusiness | 16 Aug 2009 | 3:52 am

Doha deal could boost world GDP $300-700 billion: study

GENEVA (Reuters) - A successful Doha round trade deal could boost the global economy by $300-700 billion a year, a study by the Peterson Institute for International Economics said.

Source: Reuters: Business News | 16 Aug 2009 | 3:52 am

Dubai house prices plunge into uncharted territory

Just one year ago, property prices in Dubai were surging to record peaks undeterred by a real estate slump in major markets, but they have since gone into free fall and have yet to find the
Source: RSS feed - channel BNewsBusiness | 16 Aug 2009 | 3:37 am

BHP: iron ore reform could have prevented Rio case

BHP Billiton on Sunday called for more transparent iron ore pricing, saying it would help prevent situations such as the arrest of Rio Tinto executive Stern Hu in China. BHP's chief...
Source: RSS feed - channel BNewsBusiness | 16 Aug 2009 | 3:01 am

Burma frees American who visited Suu Kyi

Jim Webb, the US senator, has left Burma after meeting leaders of the military regime and top dissident Aung San Suu Kyi and securing the release of John Yettaw
Source: Financial Times - US homepage | 16 Aug 2009 | 2:58 am

Mandating pro bono work could help fix healthcare system

Why not make a week or two of community service a condition of medical licensing? If you want to practice medicine in California, let's say, you would need to volunteer every year.

Thousands of people lined up last week for free medical treatment at the Forum in Inglewood. The arena floor resembled a vast healthcare assembly line as hundreds of patients at a time were seen by dozens of doctors, dentists and optometrists.



Source: L.A. Times - Business | 16 Aug 2009 | 1:00 am

Thanks for the sound returns, Les Paul

A good guitar falls into that small category of things that manage to hold their value.

For a teenage guitar slinger in the 1970s, it was the most coveted of instruments: a Gibson Les Paul. In the hands of Duane Allman, Eric Clapton, Jimmy Page, Pete Townsend and countless others, it defined the hard-rock sound of the day.



Source: L.A. Times - Business | 16 Aug 2009 | 1:00 am

Potential guardian should be aware they're named in will

You'll also want to have a full and frank discussion with this person in advance, including what financial arrangements you're making to take care of your children should you die while they're minors.

Dear Liz: When you create a will and appoint someone to be the guardian of your children, must that person be present to sign legal documents accepting the job? And can that person later change his or her mind?



Source: L.A. Times - Business | 16 Aug 2009 | 1:00 am

Start house-hunting now to qualify for tax credit for first-time home buyers

First-time home buyers had better get a move on if they hope to take advantage of the $8,000 federal tax credit. The window of opportunity is closing rapidly.



Source: L.A. Times - Business | 16 Aug 2009 | 1:00 am

Online, your private life is searchable

Photos, addresses, family ties, court documents, details from MySpace profiles -- the moment information is published online, it can be copied and re-posted, and often is.

When Maya Rupert wrote an article frowning at several Southern states for officially celebrating Confederate History Month, Internet critics lined up to fire back. ¶ But this time, they arrived with more than harsh words. ¶ The 28-year-old Los Angeles attorney's detractors dug up a photo of her and posted it, along with details of political contributions she'd made, in an online discussion of the article she wrote for the L.A. Watts Times. They called their finds evidence of her bias on the emotionally charged subject. ¶ "It really surprised me when I found out that people could see how much I donated to Obama," Rupert said, referring to the $400 she gave to the candidate last year, the record of which is available through several online watchdog sites. ¶ After that, Rupert said, "they pulled a picture off my firm's website and said, 'Of course she's black.' " ¶ Until recently, personal information has been scattered across cyberspace, to be found or not depending on the luck and sophistication of the searcher. But a new crop of "snooper" sites is making it easier than ever for anyone with Internet access to assemble the information into a digital portrait. ¶ "It's amazing what you can Google," one of the people who criticized Rupert wrote in an online forum. ¶ Rupert has since learned that the photo and campaign contributions were just a small part of her online "footprint" -- an expansive dossier that she did not realize was available to anyone searching her name. ¶ On Snitch.name, users can enter a name -- their own or someone else's -- and watch as the site culls information from dozens of search engines, social networks and directories.



Source: L.A. Times - Business | 16 Aug 2009 | 1:00 am

A lease-back proposal for foreclosed homeowners

A bill in Congress would let banks enter into long-term leases with the former owners of foreclosed houses. Critics say the bill does not do enough for homeowners.

Here are two questions getting attention in Washington: When homeowners lose their houses to foreclosure, should they be able to stay in the property, leasing it back at fair market rent from the lender?



Source: L.A. Times - Business | 16 Aug 2009 | 1:00 am

Playful compound on Mulholland Drive

The gated property includes a three-story main home marked by bold colors and irregular shapes, a swimming pool, three guesthouses, and space for children to have fun.

Outside, it's part paradise, part playground. Inside, it's an imaginative, high-tech hideaway.



Source: L.A. Times - Business | 16 Aug 2009 | 1:00 am

Practicing yoga with the Angels -- 50 years ago

Re: "Yoga mats in the outfield," Aug. 3:



Source: L.A. Times - Business | 16 Aug 2009 | 1:00 am

Going textbook shopping? Read these money-saving tips first

College students can save hundreds of dollars every semester if they shop around, experts say. Instead of buying new or even used, consider renting or borrowing.

It's bad enough to pay thousands of dollars a year to send a child to college. But there's more: Many students and parents don't realize how much they'll also have to spend on textbooks.



Source: L.A. Times - Business | 16 Aug 2009 | 1:00 am

Yosemite's Ahwahnee hotel to get an overhaul

Park rangers expect the top-to-bottom rehab of the historic structure to cost millions and last years.

LEISURE



Source: L.A. Times - Business | 16 Aug 2009 | 1:00 am

Online, your private life is searchable

Photos, addresses, family ties, court documents, details from MySpace profiles -- the moment information is published online, it can be copied and re-posted, and often is. ...
Source: RSS feed - channel BNPaperBusiness | 16 Aug 2009 | 1:00 am

Yosemite's Ahwahnee hotel to get an overhaul

Park rangers expect the top-to-bottom rehab of the historic structure to cost millions and last years. LEISURE
Source: RSS feed - channel BNPaperBusiness | 16 Aug 2009 | 1:00 am

Going textbook shopping? Read these money-saving tips first

College students can save hundreds of dollars every semester if they shop around, experts say. Instead of buying new or even used, consider renting or borrowing. ...
Source: RSS feed - channel BNPaperBusiness | 16 Aug 2009 | 1:00 am

Potential guardian should be aware they're named in will

You'll also want to have a full and frank discussion with this person in advance, including what financial arrangements you're making to take care of your children should you die while they're minors...
Source: RSS feed - channel BNPaperBusiness | 16 Aug 2009 | 1:00 am

Mandating pro bono work could help fix healthcare system

Why not make a week or two of community service a condition of medical licensing? If you want to practice medicine in California, let's say, you would need to volunteer every year. ...
Source: RSS feed - channel BNPaperBusiness | 16 Aug 2009 | 1:00 am

Practicing yoga with the Angels -- 50 years ago

Re: "Yoga mats in the outfield," Aug. 3:
Source: RSS feed - channel BNPaperBusiness | 16 Aug 2009 | 1:00 am

Start house-hunting now to qualify for tax credit for first-time home buyers

First-time home buyers had better get a move on if they hope to take advantage of the $8,000 federal tax credit. The window of opportunity is closing rapidly.
Source: RSS feed - channel BNPaperBusiness | 16 Aug 2009 | 1:00 am

Thanks for the sound returns, Les Paul

A good guitar falls into that small category of things that manage to hold their value. For a teenage guitar slinger...
Source: RSS feed - channel BNPaperBusiness | 16 Aug 2009 | 1:00 am

Playful compound on Mulholland Drive

The gated property includes a three-story main home marked by bold colors and irregular shapes, a swimming pool, three guesthouses, and space for children to have fun. ...
Source: RSS feed - channel BNPaperBusiness | 16 Aug 2009 | 1:00 am

A lease-back proposal for foreclosed homeowners

A bill in Congress would let banks enter into long-term leases with the former owners of foreclosed houses. Critics say the bill does not do enough for homeowners. ...
Source: RSS feed - channel BNPaperBusiness | 16 Aug 2009 | 1:00 am

Gloom lingers in Central Europe's economies

While countries in western Europe have begun to snap out of recession, the economic decline has continued across much of central and eastern Europe despite some optimistic signs, analysts...
Source: RSS feed - channel BNewsBusiness | 16 Aug 2009 | 12:59 am

Economic Preview: Housing hits a bottom

Hosing led the U.S. economy into the recession and now may help pull it out.



Source: MarketWatch.com - Top Stories | 15 Aug 2009 | 10:01 pm

Suzuki to sell hybrid in N. America in '11: Nikkei (Reuters)

Reuters - Suzuki Motor Corp plans to start selling a hybrid sedan in North America in 2011, using a next-generation system co-developed with General Motors Corp, the Nikkei business daily reported on Sunday.
Source: Yahoo! News: Stock Markets News | 15 Aug 2009 | 9:53 pm

1,200 new cars hit Beijing every day: state media

More than 1,200 new cars hit the roads of China's capital Beijing every day on average in the first seven months of the year, state media reported Sunday. The Beijing Traffic Management...
Source: RSS feed - channel BNewsBusiness | 15 Aug 2009 | 9:40 pm

Mexico's president favor trade deal with Brazil

Mexican President Felipe Calderon says he supports the idea of a free trade agreement between Brazil and Mexico, the two biggest economies in Latin America. Calderon says he's...
Source: RSS feed - channel BNewsBusiness | 15 Aug 2009 | 9:03 pm

Ken Winans Named President of The Market Technicians Association's New San Francisco Chapter

NOVATO, Calif., Aug. 15 /PRNewswire/ -- Respected technical analyst and money manager Ken Winans has been selected by The Market Technicians Association (
Source: RSS feed - channel BNewsBusiness | 15 Aug 2009 | 6:05 pm

Dubai collapse sparks £3bn in legal claims

The collapse of Dubai’s once-booming construction industry has created a backlog of legal claims totalling almost £3 billion.


Source: Latest Business News from Times Online | 15 Aug 2009 | 6:01 pm

$25bn Colonial Bank closed down by US regulators$

One of the biggest banks in Florida has been shut down by regulators and its assets sold to a rival in a move that underlines the continued frailty of the American banking and property sectors.


Source: Latest Business News from Times Online | 15 Aug 2009 | 6:01 pm

Alternative Hotel Group in debt talks with Lloyds

The company behind some of Britain’s most prestigious hotels is set to open talks about a restructuring of its £1.4 billion debt pile.


Source: Latest Business News from Times Online | 15 Aug 2009 | 6:01 pm

Novartis sues Glaxo Smith Kline over vaccine patent

Novartis, the Swiss drugs giant, has launched a legal action against Glaxo Smith Kline claiming that its larger rival is infringing one of its patents.


Source: Latest Business News from Times Online | 15 Aug 2009 | 6:01 pm

Network Rail in talks over major revamp

Proposals for a radical shake-up of Network Rail are to be thrashed out at meetings between Rick Haythornthwaite, the chairman, and its members over two days of meetings next month.
Source: Latest Business News from Times Online | 15 Aug 2009 | 6:01 pm

Alan Sugar 'clueless' over apprenticeships, says Charlie Mullins

Charlie Mullins, who started a plumbing apprenticeship when he was 15 and went on to build up a large company, has blasted the government’s jobs scheme promoted by Lord Sugar, the enterprise czar.


Source: Latest Business News from Times Online | 15 Aug 2009 | 6:01 pm

EDF attracts big hitters in auction of £4bn UK electricity network

An international cast of billionaires, pension funds and utility groups is lining up to bid for the biggest electricity distribution network in Britain, worth more than £4 billion.


Source: Latest Business News from Times Online | 15 Aug 2009 | 6:01 pm

Stroud & Swindon boss David Hill in swift exit

The boss of one of Britain’s biggest building societies has suddenly quit his post, amid continuing moves by the City watchdog to improve the financial strength of the sector.
Source: Latest Business News from Times Online | 15 Aug 2009 | 6:01 pm

Britain will need a global recovery to keep growing

The Bank of England released its latest Inflation Report last Wednesday. Since the previous report in May, the Office for National Statistics has produced new estimates for GDP showing the recession has been deeper than thought. But looking ahead, there are grounds for optimism.
Source: Latest Business News from Times Online | 15 Aug 2009 | 6:01 pm

Legislation on bonuses could destroy the City

The unpalatable truth about big City bonuses is that they are unstoppable. The model has become one of the principal pillars of the global financial system and mimics what has happened in the world of football. It puts a big premium on talent, particularly on its transfer value.
Source: Latest Business News from Times Online | 15 Aug 2009 | 6:01 pm

Britain may tighten laws on bankers' pay: Darling

LONDON (Reuters) - The British government is prepared to tighten the laws on bankers' pay and bonuses if companies continue to reward excessive risk-taking, finance minister Alistair Darling told the Sunday Times newspaper.

Source: Reuters: Business News | 15 Aug 2009 | 5:43 pm

Britain may tighten laws on bankers' pay: Darling

LONDON (Reuters) - The British government is prepared to tighten the laws on bankers' pay and bonuses if companies continue to reward excessive risk-taking, finance minister Alistair...
Source: RSS feed - channel BNewsBusiness | 15 Aug 2009 | 5:43 pm

Foresters and community partners volunteer to build new playground in Corona Park, La Habra

Providing more than 15,000 children a safe accessible environment for 15 years LA HABRA, CA, Aug. 15 /PRNewswire/ - Corona Park in La Habra, has a brand
Source: RSS feed - channel BNewsBusiness | 15 Aug 2009 | 4:00 pm

Finance company bosses have 'blood on their hands'

Two investors who lost their savings in finance company collapses have taken their own lives and many others are on suicide watch. An Auckland man in his late 60s, who lost more than $100,000 invested in Bridgecorp Finance, killed...
Source: New Zealand Herald - Business | 15 Aug 2009 | 3:00 pm

Port bills reignite prepackage row

An insolvency firm has begun targeting port companies reeling from backdated business rates bills in a move that has reignited the controversy over "prepackaged" administrations.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Aug 2009 | 2:50 pm

Mexico pledges to lobby for free trade with Brazil

Mexican President Felipe Calderon pledged Saturday to push for a free trade deal with Brazil and lobby business interests at home. "Trade enriches economies," Calderon argued at a...
Source: RSS feed - channel BNewsBusiness | 15 Aug 2009 | 2:42 pm

Diageo sues Sainsbury's over Pimm's 'copy'

Diageo the world's biggest drinks company has launched legal action against J Sainsbury the supermarket chain over copyright infringement of its Pimm's brand.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Aug 2009 | 2:40 pm

Private sector 'will be smaller than in 1998'

Britain's private sector will be smaller in the first year of the next government than it was when Labour was first in office.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Aug 2009 | 2:39 pm

Royal Dutch Shell tables £1.5bn bid for Australia's Arrow Energy

Royal Dutch Shell has made a A3bn £1.5bn approach for Australian coalseam gas producer Arrow Energy.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Aug 2009 | 2:38 pm

Bankers bag £7.6bn in bonuses

The scale of the resurgent bonus culture at Britain's banks has been laid bare by official figures that show £7.6bn of bonuses have been paid in the Citythis year
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Aug 2009 | 2:35 pm

Kevin Stanford's company chased for £150000 in tax

Two years ago he was one of Britain's richest retailers with an estimated fortune of £220m. But now one of Kevin Stanford's companies Brookes Chauffeur Services has been forced to go into a voluntary arrangement for the want of just £300000.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Aug 2009 | 2:34 pm

The great British lobby

A technology group advised by David Blunkett the former Home Secretary is one of several British companies spending millions of pounds lobbying American politicians in a bid to shape legislation in the US.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Aug 2009 | 2:32 pm

Icelandic rumours pale beside the truth

It was nearly five years ago that I found myself with a plate of ram's testicles cooked puffin and cured shark in deepest darkest Iceland.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Aug 2009 | 2:30 pm

USS pays bonuses despite fund fall

The Universities Superannuation Scheme has risked the wrath of higher education staff across Britain after paying out £30000 bonuses to its investment staff despite the value of the pension fund slipping by £8bn.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Aug 2009 | 2:30 pm

Petchey balks at rates

Jack Petchey one of the UK's leading entrepreneurs has warned he is reluctant to return to the commercial property market as an investor because of the Government's policy over empty rates.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Aug 2009 | 2:23 pm

Madoff's angry mistress writes tell-all book

The multibillion investment fraudster Bernard Madoff did not stop at financial shenanigans, it seems. This weekend, to the list of those he cheated for decades can be added the name of his wife, Ruth. For 20 years, Madoff had an...
Source: New Zealand Herald - Business | 15 Aug 2009 | 2:14 pm

CORRECT: Biggest bank failure of 2009

Colonial 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 | 15 Aug 2009 | 2:04 pm

Are You Satisficing?

relaxing

What is satisficing? Well, if you’re kicking back after a job well done - hoping someone else is going to craft a killer marketing message for your product, you might be satisficing. That’s the gist of Stephen Denny’s idea in a new post on Note to CMO. If you’re not reading this marketing blog, you’re missing out. Denny’s tagline, Big Ideas, Delivered, is the core of his marketing consulting practice. And with over twenty years at brands like Sony, Iomega, and Plantronics, he knows what he’s talking about.

Because I’m currently obsessed with crafting the perfect pitch for my novel, I was struck by Denny’s spot-on advice about positioning in a recent post. He warns about the evil of satisficing. He defines this as an evil combination of the words satisfy and suffice, but to my mind, it’s best comprehended as settling. You know that nasty little voice in your head that tells you something’s good enough even when your gut knows it’s not?

The result of satisficing? Your potential customer or client (in my case the literary agent) tunes you out before you’ve made the sale. Why?

“Your message isn’t heard because your listener quickly pigeon-holed you after your first two sentences. How did this happen to your carefully crafted elevator speech? Simple. You used a cliché, an expression, a buzzword or another easy tag that allowed them to say, “Got it, I know exactly what bucket to put you in. There. You’re categorized. I don’t have to listen anymore.””

In my pitch, it’s not enough to say that my protagonist is desperate to get pregnant. That’s cliche. What’s unique is that she toils over fertility-friendly juices and sleeps with her husband minutes after finding out he’s having an affair.

Beyond my current obsession with creating a winning synopsis, Denny’s advice rings true. He warns not to delegate the positioning of your product to anyone not intimately familiar with it. In his example, the ad agency. In my case, it would be those well-meaning advisers, who are very knowledgable in their specific areas of expertise, but can’t know my baby like I do. Denny puts it this way:

“Your creative isn’t working because your marketing chief gave the responsibility of positioning the product to the creatives at the agency, and they don’t do positioning - they do creative. Why did this happen to the product you spent the better part of 18 months delivering? Easy. The marketing guy did the easy thing – he gave the assignment of “advertising” it to the “advertising” agency. He didn’t do the rigorous positioning work, the metaphor elicitation with customers, the ethnological and anthropological observational in situ research. “We know our customers. We don’t need to do that.” And so your positioning work is now in the hands of a designer.” 

One of my copywriting clients is a university that’s launching a new online degree completion program. They did an amazing job clarifying exactly what their differentiating strengths were before handing it off to the advertising agency. An online degree is becoming a commodity and they knew how easy it would be for people to see their ads, brochures, or website and think oh yeah, another online degree completion program - got it, and then stop reading. Their tireless work on the front end makes my job easier, which means they get relevant copy faster and cheaper. Win, win, win, win, win.

Unsolicited advice of the day: Never satisfice. Do the hard work and never settle. And check out Denny’s site, Note to CMO.

Image Credit: naydeeyah, Flickr



Source: Business Pundit | 15 Aug 2009 | 12:51 pm

CitiGroup says two exempt from pay review: report (Reuters)

Pedestrians walk by the Citigroup building in New York. Seven Norwegian towns, some clustered around the Arctic Circle, have sued US banking giant Citigroup for more than 200 million dollars of losses plus damages linked to the sub-prime mortgage crisis, their lawyer said Tuesday.(AFP/Getty Images/File/Spencer Platt)Reuters - Citigroup Inc says two of its traders are exempt from a government review of the bank's top executive pay packages, The New York Times reported on Saturday.



Source: Yahoo! News: Business | 15 Aug 2009 | 12:17 pm

CitiGroup says two exempt from pay review: report

CHICAGO (Reuters) - Citigroup Inc says two of its traders are exempt from a government review of the bank's top executive pay packages, The New York Times reported on Saturday.

Source: Reuters: Business News | 15 Aug 2009 | 12:17 pm

As rally pauses, Wall Street mulls uncertain recovery (AFP)

An outside view of the New York Stock Exchange on Wall street. Wall Street's spectacular run has hit a speed bump, with investors pausing to digest gains and pondering how far the rally can go in an economy showing signs of recovery along with lingering weakness.(AFP/Getty Images/File)AFP - Wall Street's spectacular run has hit a speed bump, with investors pausing to digest gains and pondering how far the rally can go in an economy showing signs of recovery along with lingering weakness.



Source: Yahoo! News: Stock Markets News | 15 Aug 2009 | 12:14 pm

Don't blame health care for poor longevity


Source: Business and financial news - CNNMoney.com | 15 Aug 2009 | 11:55 am

Volkswagen threat "tantamount to blackmail": Opel union leader

FRANKFURT (Reuters) - Opel labor leader Klaus Franz branded Volkswagen's renewed threat to pull business from Canadian auto parts supplier Magna if it acquires VW's closest German rival as "tantamount to blackmail."

Source: Reuters: Business News | 15 Aug 2009 | 11:42 am

Volkswagen threat "tantamount to blackmail": Opel union leader (Reuters)

The logo of German carmaker Opel is pictured on a van in Berlin, August 4, 2009. REUTERS/Tobias SchwarzReuters - Opel labor leader Klaus Franz branded Volkswagen's renewed threat to pull business from Canadian auto parts supplier Magna (MGa.TO) if it acquires VW's closest German rival as "tantamount to blackmail."



Source: Yahoo! News: Business | 15 Aug 2009 | 11:42 am

Stocks roadblocked by consumers

A rolling rally has hit something of an impasse of late as investors have stopped rewarding 'less bad' news and are now looking for clearer signs of an economic recovery.
Source: Business and financial news - CNNMoney.com | 15 Aug 2009 | 10:33 am

Colonial failure could make mortgages scarce

The 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 | 15 Aug 2009 | 10:12 am

An elevator to space

On an April day two years ago in Boulder, Colo., Michael Laine sat onstage in front of a large audience, struggling to hold back tears. That afternoon he was supposed to be presenting to the attendees of the Conference on World Affairs, but at the moment, Laine was finding it hard to concentrate. "Two hours ago I lost a $3 million building," he declared to the room. "And now I don't have a place to live."
Source: Business and financial news - CNNMoney.com | 15 Aug 2009 | 10:09 am

Finding the right formula

Westpac - under fire for demanding almost $100,000 from a homeowner needing to change the terms of his mortgage - is one of three major banks being investigated by the Commerce Commission for the way it calculates break fees. Three...
Source: New Zealand Herald - Business | 15 Aug 2009 | 10:00 am

Martin Hawes : Lucky country lives up to name

If you are looking for a place to invest for the long term, it would be hard to find better than our nearest neighbour, Australia. It is not surprising Australia has been least affected by the global recession - it has nearly everything...
Source: New Zealand Herald - Business | 15 Aug 2009 | 10:00 am

Bank blamed for home loss

A family facing financial ruin after losing their home in a row over mortgage break fees blame their bank for their plight. Steve and Lise Forbes Moody owe Westpac $145,000, eight months after the bank refused to waive a $28,500...
Source: New Zealand Herald - Business | 15 Aug 2009 | 10:00 am

Kiwis buy into brand formulas

As the recession has hit New Zealand's workforce, the number of people considering buying a franchise has soared. Someone else has set up the brand, there's a need for the product - all they have to do is sign up and buy in. But...
Source: New Zealand Herald - Business | 15 Aug 2009 | 10:00 am

Full of beans over franchise ownership

Ross and Michelle McKeown took over their Robert Harris franchise in Taupo in April. She had worked in the company for the previous five years, progressing to management level at the Bayfair branch. Ross came from a welding...
Source: New Zealand Herald - Business | 15 Aug 2009 | 10:00 am

Houses 'going like hot cakes'

Soaring demand for affordable residential real estate is seeing frenzied bidding by first-home buyers packing auctions in Auckland suburbs. Competition among buyers has increased as financing costs have fallen and the number of...
Source: New Zealand Herald - Business | 15 Aug 2009 | 10:00 am

Editorial: Charities need to come clean

When it comes to deciding on who is deserving of our charity, perception is every bit as important as reality. If those who contributed towards the total of more than $2 million raised by last weekend's Telethon did not feel that...
Source: New Zealand Herald - Business | 15 Aug 2009 | 10:00 am

Duty free price hike at airport

When checking in for international air travel costs so much time, travellers have consoled themselves with the thought of saving some money in duty free. But those hoping to get a bargain might be disappointed to find prices have...
Source: New Zealand Herald - Business | 15 Aug 2009 | 10:00 am

Obama blasts groups misleading on health reform

Obama 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 | 9:58 am

Apple targeted in Fox News ad boycott


Source: Business and financial news - CNNMoney.com | 15 Aug 2009 | 9:57 am

NewsWatch: Colonial becomes biggest bank failure of 2009

Colonial 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 | 15 Aug 2009 | 7:00 am

Afghan poll imperilled by brazen attack

Senior election officials in Afghanistan warned that a suicide bomb attack outside the Nato headquarters in Kabul threatened to imperil Thursday’s vote if repeated in the coming days
Source: Financial Times - US homepage | 15 Aug 2009 | 6:56 am

Personal Finance Daily: The week's 10 best Personal Finance stories

In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of Aug. 10-14:



Source: MarketWatch.com - Top Stories | 15 Aug 2009 | 6:00 am

Regulators close Colonial Bank; assets sold to BB&T

NEW 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

Auto Review: Toyota Venza: Hard to categorize, easy to drive

None 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