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Auto Review: The 5 best low-cost, high-mileage small carsIn the blogs, in reader email and on the street I hear it all the time. And the question goes something like this. “What car would you buy that is well made, gets good gas mileage, and doesn’t cost much?”
Source: MarketWatch.com - Top Stories | 26 Sep 2009 | 4:01 am Lloyds and RBS 'ordered to sell branches'Lloyds Banking Group and the Royal Bank of Scotland will be forced to sell off large numbers of High Street branches by the European Commission because of state aid rules according to reports.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 26 Sep 2009 | 2:54 am Upbeat G20 faces credibility test on markets, climatePITTSBURGH (Reuters) - The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.Source: Reuters: Business News | 26 Sep 2009 | 1:51 am Upbeat G20 faces credibility test on markets, climate (Reuters)
Source: Yahoo! News: Business | 26 Sep 2009 | 1:51 am Toyota raises world '09/10 sales forecast 3 percent: reportTOKYO (Reuters) - Toyota Motor Corp , has raised its global sales forecast for the year to March 2010 by 3 percent to 6.7 million cars, the Tokyo Shimbun daily reported on Saturday, in the latest sign of a nascent recovery in auto demand.Source: Reuters: Business News | 26 Sep 2009 | 1:47 am Toyota raises world '09/10 sales forecast 3 percent: report (Reuters)
Source: Yahoo! News: Business | 26 Sep 2009 | 1:47 am Safer in bonds? Yes, to a pointQuick -- you have one minute to answer this question: If you had to make a decision today to reallocate money in your 401(k) plan or other investment account, would you sell stocks to buy bonds or sell bonds to buy stocks?
Source: L.A. Times - Business | 26 Sep 2009 | 1:00 am G-20 leaders set economic action planThe Pittsburgh summit ends with a plan for a coordinated effort to tighten controls on banking and to correct economic imbalances such as China's large trade surpluses and the U.S.' huge deficits. ...Source: RSS feed - channel BNPaperBusiness | 26 Sep 2009 | 1:00 am New-home sales data are mixedU.S. sales in August increase 0.7% from July but are down 4.3% compared with August 2008. New-home sales in the...Source: RSS feed - channel BNPaperBusiness | 26 Sep 2009 | 1:00 am At G-20 march in Pittsburgh, no rest for the wearyA day after a clash between police and protesters, thousands gather peacefully while officers in riot gear stand ready on the sidelines. ...Source: RSS feed - channel BNPaperBusiness | 26 Sep 2009 | 1:00 am Safer in bonds? Yes, to a pointQuick -- you have one minute to answer this question: If you had to make a decision today to reallocate money in your 401(k) plan or other investment account, would you sell stocks to buy bonds or sell...Source: RSS feed - channel BNPaperBusiness | 26 Sep 2009 | 1:00 am G-20 leaders pledge to phase out fossil fuel subsidiesThe pledge, though purposely vague, is clearly directed at tax breaks and government assistance for oil, coal and other fossil fuels. It wins praise from environmentalists. ...Source: RSS feed - channel BNPaperBusiness | 26 Sep 2009 | 1:00 am At G-20 march in Pittsburgh, no rest for the wearyA day after a clash between police and protesters, thousands gather peacefully while officers in riot gear stand ready on the sidelines.The People's March had just reached the edges of Steel City's downtown, at the halfway point in the three-mile protest, and Robert Shepherd's feet ached with each step.
Source: L.A. Times - Business | 26 Sep 2009 | 1:00 am With fewer flights, airlines' customer service improvesAlso: Delta, U.S. Airways, Northwest and American Airlines add a new fee on busy days, and Burbank's Bob Hope Airport offers flu and pneumonia shots. ...Source: RSS feed - channel BNPaperBusiness | 26 Sep 2009 | 1:00 am International effort launched to fight citrus disease threatAgricultural officials from the U.S., Mexico and other nations agree on a cross-border strategy to suppress the Asian citrus psyllid insect, which is starting to populate Southern California. ...Source: RSS feed - channel BNPaperBusiness | 26 Sep 2009 | 1:00 am 'Audit the Federal Reserve' bill gains steamCongressional auditors would have broad power to examine the Fed's operations under the legislation first introduced 26 years ago by Rep. Ron Paul. Two-thirds of the House now backs it. ...Source: RSS feed - channel BNPaperBusiness | 26 Sep 2009 | 1:00 am California panel delays vote on NUMMI's request for training payA decision hinges on the details of the Fremont auto plant's planned closure, panel members say. A state panel...Source: RSS feed - channel BNPaperBusiness | 26 Sep 2009 | 1:00 am Bank of America says it did disclose Merrill Lynch bonusesBANKINGSource: RSS feed - channel BNPaperBusiness | 26 Sep 2009 | 1:00 am G-20 leaders set economic action planThe Pittsburgh summit ends with a plan for a coordinated effort to tighten controls on banking and to correct economic imbalances such as China's large trade surpluses and the U.S.' huge deficits.Acting in unison to prevent a repeat of the financial crisis, world leaders pledged Friday to undertake an ambitious and coordinated effort to overhaul banking practices and build a new global economic model.
Source: L.A. Times - Business | 26 Sep 2009 | 1:00 am 'Audit the Federal Reserve' bill gains steamCongressional auditors would have broad power to examine the Fed's operations under the legislation first introduced 26 years ago by Rep. Ron Paul. Two-thirds of the House now backs it.It started more than a quarter-century ago as just another far-out idea from decidedly outside-the-mainstream politician Rep. Ron Paul -- allow detailed congressional audits of some of the most sensitive activities of the Federal Reserve.
Source: L.A. Times - Business | 26 Sep 2009 | 1:00 am Gladstone's gets a makeover from a nightclub impresarioOwner Richard Riordan, the former L.A. mayor, has hired Sam Nazarian to give the restaurant near Malibu a younger, hipper feel.Gladstone's oceanfront restaurant just south of Malibu -- noted for its killer location, long waits for a table, big portions and foil doggy bags sculpted into swans and mermaids -- is getting a recession-era makeover.
Source: L.A. Times - Business | 26 Sep 2009 | 1:00 am California panel delays vote on NUMMI's request for training payA decision hinges on the details of the Fremont auto plant's planned closure, panel members say.A state panel that hands out worker training funds to employers delayed voting on a $2-million request from a soon-to-close Bay Area automaker that builds Toyotas.
Source: L.A. Times - Business | 26 Sep 2009 | 1:00 am International effort launched to fight citrus disease threatAgricultural officials from the U.S., Mexico and other nations agree on a cross-border strategy to suppress the Asian citrus psyllid insect, which is starting to populate Southern California.An international coalition of citrus farming and agriculture officials is launching a cross-border plan to suppress the march of a tiny insect that threatens California's $1.6-billion citrus industry. The insect often carries a disease that kills citrus trees and has ravaged orchards in Florida as well as overseas.
Source: L.A. Times - Business | 26 Sep 2009 | 1:00 am Bank of America says it did disclose Merrill Lynch bonusesBANKING
Source: L.A. Times - Business | 26 Sep 2009 | 1:00 am With fewer flights, airlines' customer service improvesAlso: Delta, U.S. Airways, Northwest and American Airlines add a new fee on busy days, and Burbank's Bob Hope Airport offers flu and pneumonia shots.A funny thing has happened during the airline industry's economic slump.
Source: L.A. Times - Business | 26 Sep 2009 | 1:00 am Japan sticks to G8 despite shift to G20Japan defended the significance of the Group of Eight summit despite a shift to a wider grouping, insisting that Tokyo will stand by the eight-member elite forum. The White House...Source: RSS feed - channel BNewsBusiness | 26 Sep 2009 | 12:53 am Will it work?Can G20's new measures tackle the next crisis?Source: BBC News | Business | World Edition | 26 Sep 2009 | 12:41 am Toyota raises world '09/10 sales forecast: reportTOKYO (Reuters) - Toyota Motor Corp , has raised its global sales forecast for the year to March 2010 by 3 percent to 6.7 million cars, the Tokyo Shimbun daily reported on Saturday, in the...Source: RSS feed - channel BNewsBusiness | 25 Sep 2009 | 11:34 pm Market Snapshot: Stocks turn to jobs woes, as new quarter startsThe stock market will start the coming week on edge about news from the job market, as investors turn to a new month and a new quarter seeking clues on whether the huge rally in stocks has gotten ahead of itself.
Source: MarketWatch.com - Top Stories | 25 Sep 2009 | 10:01 pm Stocks to Watch: Stocks in focus for MondayStocks likely to see significant movement in Monday trading include Cal-Maine and Hovnanian.
Source: MarketWatch.com - Top Stories | 25 Sep 2009 | 10:01 pm September 26, 2008 (Friday): McCain and Obama Debate; SEC Concedes Oversight FailureFace OffAfter uncertainty over whether the event would take place as planned—sparked when Sen. John McCain announced earlier in the week that he would suspend his campaign temporarily to help deal with the financial crisis—McCain and Sen. Barack Obama come together in the first debate. It’s judged by many as a draw, with McCain painting his rival as inexperienced and Obama seeking to link the GOP candidate to George Bush. In 90 minutes of sparring, the two men set out starkly different approaches to how they would govern the country and handle foreign adversaries. (For more on this news, click here and here.) SEC: We Screwed UpSo, maybe the fox watching the henhouse isn’t such a good strategy after all. Today, deregulation proponent Christopher Cox, the chairman of the SEC, admits the failure of a voluntary supervisory program for large investment banks. He shuts the program down, shifting most of the oversight duties to the Federal Reserve. On the same day, the SEC inspector general releases a report skewering the agency for its performance monitoring Bear Stearns before it cratered in March. “The last six months have made it abundantly clear that voluntary regulation does not work,” Cox says in a statement. (For more on this news, click here.) Paul Newman DiesPaul Newman, whose piercing blue eyes and toned pecs made him a movie idol for five decades, dies of cancer today at 83. The star of such classic films as "Cat on a Hot Tin Roof," "The Hustler," "Cool Hand Luke," "Butch Cassidy and the Sundance Kid," and "The Sting," Newman didn’t win an Oscar until 1986, after he had been nominated eight times. He won for “The Color of Money,” about pool hustlers, in which he co-starred with Tom Cruise. Late in life, Newman made a name for himself as a salad-dressing entrepreneur and advocate for seriously ill children. (For more on this news, click here and here.)
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Source: SmartMoney.com | 25 Sep 2009 | 10:00 pm IMF raises 2010 global growth forecast to 3 pctThe International Monetary Fund foresees a stronger than anticipated recovery from the economic crisis, with global growth approaching three percent in 2010, world leaders said. The IMF...Source: RSS feed - channel BNewsBusiness | 25 Sep 2009 | 9:37 pm Citi sues Morgan Stanley over CDS, claims $245 millionNEW YORK (Reuters) - Citigroup Inc sued Morgan Stanley on Friday for breach of contract, saying the Wall Street firm owed it $245.4 million for protection it bought on a loan.Source: Reuters: Business News | 25 Sep 2009 | 8:43 pm Citi sues Morgan Stanley over CDS, claims $245 millionNEW YORK (Reuters) - Citigroup Inc sued Morgan Stanley on Friday for breach of contract, saying the Wall Street firm owed it $245.4 million for protection it bought on a loan.Source: RSS feed - channel BNewsBusiness | 25 Sep 2009 | 8:43 pm Obama hails 'tough regulations'World leaders at the G20 summit have agreed tough financial rules to avert another global crisis, US President Barack Obama says.Source: BBC News | Business | World Edition | 25 Sep 2009 | 8:08 pm UPDATE 2-KKR, TPG, Providence bid for Northrop unit-sourcesNEW YORK, Sept 25 (Reuters) - Private equity firms Kolhberg Kravis Roberts & Co, TPG and Providence Equity Partners have put in a second round of bids for Northrop Grumman Corp's TASC unit, two sources...Source: RSS feed - channel BNewsBusiness | 25 Sep 2009 | 7:07 pm Capitol Report: Unemployment safety net under stressThe safety net erected in 1935 to protect workers' families and the economy from the harmful effects of unemployment has been shredded, threatening to leave several million people without any income after a year out of work.
Source: MarketWatch.com - Top Stories | 25 Sep 2009 | 7:01 pm Retailers on the hunt for spring fashionsAs they check out women's spring fashions, designers and retailers afre becoming more optmistic that shoppers will return to stores.
Source: MarketWatch.com - Top Stories | 25 Sep 2009 | 7:01 pm Hedge Funds: New entrants swamp secondary hedge fund marketThe hedge-fund industry's growth stopped abruptly in 2008, but one corner of the $1.4 trillion business is expanding in the wake of the financial crisis and has attracted a wave of new entrants.
Source: MarketWatch.com - Top Stories | 25 Sep 2009 | 7:01 pm UPDATE 4-Twitter gets new round of funding, new backers* Says T. Rowe Price and Insight Venture Partners involvedSource: RSS feed - channel BNewsBusiness | 25 Sep 2009 | 6:45 pm UPDATE 4-Twitter gets new round of funding, new backers* Says T. Rowe Price and Insight Venture Partners involvedSource: RSS feed - channel BNewsBusiness | 25 Sep 2009 | 6:45 pm G20 upbeat on economy, pledges financial reformsPITTSBURGH (Reuters) - The Group of 20 rich and developing nations declared their crisis-fighting efforts a success on Friday and promised to give rising powers such as China more say in...Source: RSS feed - channel BNewsBusiness | 25 Sep 2009 | 6:38 pm KKR, TPG, Providence bid for Northrop unit-sourcesNEW YORK, Sept 25 (Reuters) - Private equity firms Kolhberg Kravis Roberts & Co, TPG and Providence Equity Partners have put in a second round of bids for Northrop Grumman Corp's TASC unit, sources...Source: RSS feed - channel BNewsBusiness | 25 Sep 2009 | 6:17 pm G20 leaders target bank reforms, see turnaroundLeaders vow not to become complacent and pledge to tackle the big issues that have always bedeviled them in the past.
Source: MarketWatch.com - Top Stories | 25 Sep 2009 | 6:06 pm G20 leaders agree to bank reforms in 'new global compact'Banks will be required, under rules agreed at the G20 summit, to set aside much larger capital reserves by 2012 to minimise the need for future bailouts, but it will be left to individual national regulators to set their own capital requirements. Source: Latest Business News from Times Online | 25 Sep 2009 | 6:01 pm Banks’ group defends mortgage lending ratesThe British Bankers’ Association (BBA) has jumped to the defence of mortgage lenders for the wide margins between Libor, the wholesale money market rate, and the cost of home loans, arguing that there is now little connection between the two. Source: Latest Business News from Times Online | 25 Sep 2009 | 6:01 pm BA takes low-cost route on extras, adding premium for reserved seatsBritish Airways has been accused of adopting the tactics of budget carriers after announcing plans to charge up to £60 for a seat reservation. Source: Latest Business News from Times Online | 25 Sep 2009 | 6:01 pm Unilever snaps up household names from Sara Lee in €1.3bn acquisitionUnilever will spend €1.3 billion (£1.2 billion) on buying the personal care division of Sara Lee, its food and consumer-goods rival, delivering brands such as Radox and Brylcreem. Source: Latest Business News from Times Online | 25 Sep 2009 | 6:01 pm King’s comments and market uncertainty push pound below $1.60$The pound dipped below $1.60 for the first time in four months yesterday as concerns persisted that the Bank of England was happy to live with a weak currency.$ Source: Latest Business News from Times Online | 25 Sep 2009 | 6:01 pm The magnetic pull of China for HSBC and Mike GeogheganThe decision by HSBC to relocate its chief executive from London to Hong Kong is not such a great surprise. It was the decision 17 years ago to abandon Hong Kong after more than a century there that was the more perverse. Source: Latest Business News from Times Online | 25 Sep 2009 | 6:01 pm Tempus Ten march on but the rest are catching upStock market investors will remember the third quarter of 2009 as a rare period at the tail end of this decade when it was difficult not to make money — or at least very hard to lose it. Source: Latest Business News from Times Online | 25 Sep 2009 | 6:01 pm Rise and fall of Tony Ball, who became a star in his own soap operaTony Ball thought it would be easy, but his attempts to seize the top job at ITV turned out to have more twists than the plot of Coronation Street. Source: Latest Business News from Times Online | 25 Sep 2009 | 6:01 pm Bribes firm ordered to pay £6m for breaching Iraq sanctionsA British company that admitted bribing ministers and officials in Ghana and Jamaica, and breaching sanctions in Iraq, was yesterday ordered to pay £6.6 million in fines and compensation. Source: Latest Business News from Times Online | 25 Sep 2009 | 6:00 pm ITV left on standby as Michael Grade quits in cash rowITV was consumed by a battle over power and money yesterday as it lost both its chairman and its prospective chief executive amid a multimillion-pound row over pay. Source: Latest Business News from Times Online | 25 Sep 2009 | 6:00 pm Hyatt says fired Boston workers offered new jobsHyatt Hotel Corp., under pressure after dismissing nearly 100 housekeepers from its three Boston hotels, promised Friday that the workers would be offered new full-time jobs elsewhere in...Source: RSS feed - channel BNewsBusiness | 25 Sep 2009 | 5:54 pm Scepticism over G20 pledge of new eraWorld leaders promised a new era of economic co-operation at the close of the G20 summit in Pittsburgh, endorsing new guidelines for bankers’ pay, a tight timetable for regulatory reform and a new framework for balanced growthSource: Financial Times - US homepage | 25 Sep 2009 | 5:51 pm Pound at 4-month low below $1.60The pound is hurt by fears that interest rates will remain low and that policymakers are at ease with a weak currency.Source: BBC News | Business | World Edition | 25 Sep 2009 | 5:23 pm G20: Developing nations to be given greater sayThe G20 moved to place China and other emerging economies at the heart of the push for international financial reform in recognition of the changing shape of the world economy.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 25 Sep 2009 | 5:21 pm West condemns secret Iran N-plantThe US, Britain and France united in condemnation of Iran after Tehran’s admission that it has been constructing a secret uranium enrichment facility designed to produce nuclear fuel.Source: Financial Times - US homepage | 25 Sep 2009 | 5:17 pm New tip rules 'could cost jobs'New rules on tipping waiting staff could cost restaurants £130m and as many as 5,000 jobs, the hospitality industry claims.Source: BBC News | Business | World Edition | 25 Sep 2009 | 5:17 pm Bank of America rejects SEC claims in bonus suit (Reuters)
Source: Yahoo! News: Stock Markets News | 25 Sep 2009 | 4:47 pm Bank of America rejects SEC claims in bonus suit (Reuters)
Source: Yahoo! News: Business | 25 Sep 2009 | 4:47 pm Bank of America rejects SEC claims in bonus suitNEW YORK (Reuters) - Bank of America Corp formally denied U.S. Securities and Exchange Commission claims accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1merger, and said it is seeking an order dismissing the regulator's complaint.Source: Reuters: Business News | 25 Sep 2009 | 4:47 pm Reports on manufacturing, housing weigh on stocks (AP)
Source: Yahoo! News: Stock Markets News | 25 Sep 2009 | 4:45 pm Stocks' rally to be tested by jobs data (Reuters)
Source: Yahoo! News: Stock Markets News | 25 Sep 2009 | 4:39 pm Weekend Investor: Five ways to profit from the weaker dollarThese days it seems like global investors can’t get rid of their U.S. dollars fast enough. Some timely investing strategies attempt to profit from this distaste. Foreign stocks, bonds and currencies, along with commodities, tend to rise when the dollar declines.
Source: MarketWatch.com - Top Stories | 25 Sep 2009 | 4:32 pm Magna’s European cuts face further scrutinyConfidential figures show that the British and Spanish car plants under threat of heavy cuts in Berlin’s rescue plan for Opel produce cars more efficiently than two of the three German factoriesSource: Financial Times - US homepage | 25 Sep 2009 | 4:31 pm Three-peat: Stocks fall againStocks fell for the third straight session Friday, ending lower for the week, after weaker-than-expected reports on durable goods orders and new home sales sparked concerns about the strength of any recovery.Source: Business and financial news - CNNMoney.com | 25 Sep 2009 | 4:28 pm Write-Offs: 09.25.09$$$ Feds Eye Cassano [NYP] $$$ Another UBS Client Pleads Guilty To Tax Evasion [NYT] $$$ BofA responds to SEC complaint over bonuses [BW] $$$ Job of the Week: Morgan Stanley needs a VP of investment banking. You. [DBCC] $$$ AIG's Plight: Too Big to Fail, but Shrinking [WSJ] 
 Sponsored Topics: Investment Banks - Morgan Stanley - Bank of America - UBS AG - Business Source: Dealbreaker | 25 Sep 2009 | 4:28 pm AT&T complains to FCC about Google serviceAT&T complains that the search giant is attempting to “play by its own rules” by insisting on special privileges for its Google Voice service.
Source: MarketWatch.com - Top Stories | 25 Sep 2009 | 4:25 pm U.S. banks report $5.2 billion in Q2 trading revenueNEW YORK (Reuters) - U.S. commercial banks reported a drop in trading revenues for the second quarter as earnings from interest products plunged, though revenues were boosted by improving credit markets, the Office of the Comptroller of the Currency said on Friday.Source: Reuters: Business News | 25 Sep 2009 | 4:14 pm How the major stock indexes fared on Friday (AP)AP - Investor confidence suffered another knock Friday as disappointing reports on manufacturing and home sales stirred worries that the economy will struggle to recover.Source: Yahoo! News: Stock Markets News | 25 Sep 2009 | 4:08 pm Excerpts of G20 leaders' statementHere are some excerpts from the statement of the leaders of the Group of 20 nations after their summit in Pittsburgh.
Source: MarketWatch.com - Top Stories | 25 Sep 2009 | 4:03 pm Pali Capital’s Strazzini Likes Energy-Focused ETFs: AudioSource: Bloomberg - All Podcasts | 25 Sep 2009 | 4:01 pm Recovery angst, RIM's results hit Wall StreetNEW YORK (Reuters) - Stocks fell for a third straight day on Friday on disappointing housing and durable goods data, while Research In Motion's lackluster results dented optimism about technology spending.Source: Reuters: Business News | 25 Sep 2009 | 3:57 pm Recovery angst, RIM's results hit Wall Street (Reuters)
Source: Yahoo! News: Stock Markets News | 25 Sep 2009 | 3:57 pm Recovery angst, RIM's results hit Wall Street (Reuters)
Source: Yahoo! News: Business | 25 Sep 2009 | 3:57 pm G-20 agrees on time table for reformsLeaders of G-20 nations committed Friday to a timeline to establish and enforce new rules aimed at spurring financial firms around the globe to improve capital cushions and avoid taking risk.Source: Business and financial news - CNNMoney.com | 25 Sep 2009 | 3:46 pm Warren G Calls Bottom, Disagrees With John Paulson's Assesment Of Citi
Alan Greenspan recently said that "we've already seen the bottom" of this recession. Do you agree, or do you think we have further to fall?
Sponsored Topics: Warren Buffett - Alan Greenspan - Business - Investing - Investment Source: Dealbreaker | 25 Sep 2009 | 3:44 pm CIC to invest $1 billion in Oaktree: reportNEW YORK (Reuters) - China Investment Corp, the $200 billion sovereign wealth fund, has agreed to invest about $1 billion in Los Angeles-based Oaktree Capital Management, the Wall Street Journal reported on its website on Friday.Source: Reuters: Business News | 25 Sep 2009 | 3:44 pm Georgia bank is 95th to fail this yearAtlanta-based Georgian Bank was closed by state regulators Friday, according to the Federal Deposit Insurance Corporation, becoming the 95th to fail in the nation this year.Source: Business and financial news - CNNMoney.com | 25 Sep 2009 | 3:41 pm A New Challenge For Valuing Compensation Packages
So eye candy should be included in total comp calculation. Interesting theory professor. Anything else you care to add on what to do with the curves being thrown in your face?
Sponsored Topics: Buckingham University - Higher education - Education - Times Higher Education - Professor Source: Dealbreaker | 25 Sep 2009 | 3:35 pm KeyBank Thrown Into Golf Community Brawl
Yesterday a Wall Street Journal article highlighted a tale of dysfunctional management by David Lucas, CEO of Bonita Bay Group, the club's management company. As such, homeowners and golf club members have attempted a coup to try to save their club assets from disarray and possible loss of their entire investment. But Dealbreaker has learned that according to club members involved in the negotiations, the Bonita Bay Turnover Committee also voted to pursue KeyBank as an accomplice to defrauding investors just this past Wednesday.
Sponsored Topics: Golf - Wall Street Journal - Florida - Sport - David Lucas Source: Dealbreaker | 25 Sep 2009 | 3:30 pm Oilman turns exotic animals into shoesBefore launching Zelli Shoes in 1996, Tom Mantzel was a Fort Worth oilman with a colorful side business: breeding exotic and endangered animals.Source: Business and financial news - CNNMoney.com | 25 Sep 2009 | 3:18 pm RIM's stock drops 17% on outlookResearch In Motion's shares plummeted 17% on Friday after the smartphone maker's fiscal third-quarter outlook announced Thursday missed expectations.Source: Business and financial news - CNNMoney.com | 25 Sep 2009 | 3:17 pm Happy fiscal new year. About that budget ...Happy fiscal new year, Uncle Sam. Granted, there's not much to celebrate yet.Source: Business and financial news - CNNMoney.com | 25 Sep 2009 | 3:16 pm Bonds regain US investor appealLow interest rates and a nascent economic recovery have created a notable reversal of last year’s flight to safetySource: Financial Times - US homepage | 25 Sep 2009 | 3:12 pm AT&T calls for FCC action on GoogleAT&T, the largest US telecommunications group, called on federal regulators to force Google, the internet search and advertising giant, to ‘play by the same rules as its competitors’ and ensure that its Google Voice application does not block calls to some rural areasSource: Financial Times - US homepage | 25 Sep 2009 | 3:09 pm U.S. durable goods orders drop, home sales rise (Reuters)
Source: Yahoo! News: Business | 25 Sep 2009 | 3:09 pm U.S. durable goods orders drop, home sales riseWASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods fell in August and sales of new homes rose below expectations, government data showed on Friday, fanning fears that recovery from recession would be anemic.Source: Reuters: Business News | 25 Sep 2009 | 3:09 pm Beutel on Iran, Oil, Gasoline; Misek on RIM’s Sales: AudioSource: Bloomberg - All Podcasts | 25 Sep 2009 | 3:07 pm G20: Bankers evade bonus caps in leaders' agreementCity traders have dodged the threatened curbs on pay as the G20 committed to simply aligning compensation with longterm risks.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 25 Sep 2009 | 3:02 pm G20: members commit to 'rebalancing' global economyG20 members have committed to "rebalance" the global economy to ensure the dramatic events of the last two years do not recur.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 25 Sep 2009 | 3:02 pm G20: Banks to be forced to double capital levelsBanks will be forced to more than double capital levels for the riskiest parts of their operations as a result of the key regulatory reforms at the heart of the G20 summit's conclusions.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 25 Sep 2009 | 3:02 pm LSI Raised to `Buy’ at Deutsche Bank: AudioSource: Bloomberg - All Podcasts | 25 Sep 2009 | 2:52 pm Russian oligarch buys New Jersey NetsRead full story for latest details.Source: Business and financial news - CNNMoney.com | 25 Sep 2009 | 2:49 pm Fed officials say policy path hard to communicateWASHINGTON/CHICAGO (Reuters) - U.S. Federal Reserve officials mused about the timing and pace of the central bank's removal of its unprecedented support for the economy on Friday, saying the shift could be abrupt and might be hard to communicate to financial markets.Source: Reuters: Business News | 25 Sep 2009 | 2:47 pm G-20 Might Be Listening To Tax Havens But They Aren't Hearing Them
That may be, but we're way past playing the blame game for indiscretions in the past. The world is in recovery mode now and the last thing we want to do is bicker about who was right and who was wrong. We're moving forward and we want everybody's input- regardless of size.
On the other hand, the more things change, the more they stay the same. Tax havens talk back against G20 "finger pointing" [Reuters]
Sponsored Topics: Cayman Islands - Bermuda - McKeeva Bush - Caribbean - Financial services Source: Dealbreaker | 25 Sep 2009 | 2:45 pm Presented By:Source: Dealbreaker | 25 Sep 2009 | 2:45 pm Big drop in big-ticket itemsRead full story for latest details.Source: Business and financial news - CNNMoney.com | 25 Sep 2009 | 2:42 pm Likely to come: Tighter leash on insurersThe cacophony of the health care debate, already loud, is likely to become deafening as autumn progresses.Source: Business and financial news - CNNMoney.com | 25 Sep 2009 | 2:40 pm 52-Week High Club (SAN, CEL, TWLL)Banco Santander Chile (NYSE: SAN) hit a yearly high of $56.51, continuing to rally following the release of positive research on Latin American banks from Barclays. The company has also benefited from positive reception to the announcement its fellow subsidiary, Banco Santander Brasil, would be selling its stakes in credit card rating company Visanet and the Serasa credit information [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Sep 2009 | 2:38 pm Podcast: G20 Makes Pittsburgh Look Good
The big news from the G20. (iwasaround/Flickr Creative Commons) On today's Planet Money: Rich nations and developing ones in the G20 got together in Pittsburgh this week to discuss the fate of the world. Also, how to fix it. Among the key issues was how to give emerging markets a meaningful seat at the table. For starters, the G20 will now replace the G8, which includes only leading nations. David Gordon, head of research at Eurasia Group, says that's a start, a small one. Meanwhile, NPR's Scott Horsley ventured out past the protesters in search of an alternative G20 scene. A link from the podcast: The Fed's Job Is Only Half Over Bonus: Comment of the week, after the jump. Download the podcast; or subscribe. Intro music: The Undertones' "Top Twenty." Find us: Twitter/ Facebook/ Flickr. The Planet Money crew will be on This American Life over the weekend. As part of our one-year anniversary, we're taking a look back at some of the people in our original Giant Pool of Money episode to see how the economic crisis has changed their lives. Among them is "subprime guy" Glen Pizzolorusso, who blogged this week about how he lost everything and found a new definition of success. Some of wrote back to say that Pizzolorusso didn't sound all that sorry about what his role in the mortgage catastrophe. And then there was Dee Whitten, who wins the prize for comment of the week with: I was in the business and the borrowers who let this happen were the ones who were conducting the "Fraud" most of the time. We had the subprime products but they were the ones who wanted that house so badly that they botched their own documents to make it seem like they had more money....have you ever seen doctored bank statements? or doctored w2's...I bet you have, because they're everywhere. Was it the banks fault yes and I agree with you there and respect your opinions. We had the product; the 2 year [adjustable rate mortgage] that started to adjust in the third year that most had a problem with. On paper they qualified and the loan officers or "brokers" sent us, the wholesale companies all the documents for us to verify. It's not all the bank's fault and you have to see that side of it too. Because seriously, people, throughout this premiere year, you've proved every day that Planet Money is a place where a mortgage broker can say he's been humbled, a preacher can talk about atonement, and another mortgage insider can stand up for the first guy. Thank you, one and all. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 25 Sep 2009 | 2:35 pm FDIC may need a bailout of its ownIt's time for Sheila Bair to stop worrying about bailout politics and hit Uncle Sam up for some dough.Source: Business and financial news - CNNMoney.com | 25 Sep 2009 | 2:30 pm Kenneth Feinberg Has Some Great News To Share1. He won't be releasing anyone's names when he makes bonus rulings, so don't worry about being harassed (or pitied). 2. No comp caps! But Feinberg ruled out capping pay, saying he is building "models" which he believes will set a precedent for government agencies and companies tackling the controversial issue of executive compensation. Sign up for the Brian Hunter 3000 model and we are good to go.
Sponsored Topics: Kenneth Feinberg - Executive compensation - Model - Business - Compensation Source: Dealbreaker | 25 Sep 2009 | 2:26 pm Repost: 'Subprime Guy' Loses Everything, Finds New Definition Of Success
Glen Pizzolorusso at the wheel of his Range Rover, one of five cars he owned before the subprime mortgage market went bust. (Courtesy of Glenn Pizzolorusso) [Ed: We're bumping this post up for the folks coming in from This American Life. Also, for the dialog with its author that has broken out in the comments.] Glen Pizzolorusso got his start in the mortgage industry in his father's company, at age 14. Still in his 20s, by 2007 he'd worked his way up to running his own sales team, making $100,000 a month and helping to inflate the bubble that became the current global economic crisis. When that bubble burst, he told us the story for This American Life's Giant Pool of Money episode. Here, Pizzolorusso writes about the difference between his old definition of success and his new one. I see a Porsche convertible drive by, sky blue, tan leather interior, gorgeous, and immediately a feeling of envy comes over me. I think that's a natural feeling, but I can't help wondering what is the motivation behind the purchase of such an expensive piece of machinery. Is it a burning desire to own the pinnacle of German automobile engineering? Is it a love for speed, wind blowing in your face, freed from the perils of Corporate America? Or is it a symbol of success, a long career, countless promotions, 60-hour workweeks, a remedy for the stress that accompanies such dedication? For me, it was all of the above. After seven long years of 60+ hours a week in the subprime mortgage industry, I had achieved what I had set out to accomplish: success. I was a success, with a seven-figure income, a healthy portfolio of real estate, a gorgeous wife, fancy cars, a Madison Avenue wardrobe. I was the envy of others, my yellow 911 a testament to my success. You see, I grew up in an affluent community. Our neighbors were doctors and lawyers with kids who went to private schools. Money and status defined success for me, and by my definition, success was all around. Now I was worthy to take part in its communion. Then I lost everything. I became a victim of the financial mess I had helped to create. My houses, gone. Cars, gone. Bank account, gone. Success, gone. How could this happen? This wasn't the story you see on TV. This wasn't supposed to happen. The success I had sacrificed so much of who I was to achieve simply disappeared. In the weeks and months following the financial crash I went from highly employable to another "subprime" guy looking for work. Many companies specified not to apply if you had "subprime" experience. These have been the worst months of my life, and oddly enough, so far, these same months also have been the best. I watched as my healthy bank account slowly evaporated, the repos and foreclosures started and my claim for unemployment benefits got denied. It was a downward spiral ending in financial ruin. I should have been terrified, but for some reason I was calm, collected, happy even. The enormous cloud of uncertainty was slowly disappearing and allowing the sun to shine in on my life. I began to realize the things I had been so naive to overlook: my children, my health, the love of a Godly woman and some of the greatest friends on the planet. I was truly blessed. And the best part of it was this was all free, there for me whether my paycheck had six zeros or two. I started to think differently about wealth and how I defined success. The dream of success I once had was radically transformed. I was actually ashamed I had earned so much money and the only thing I had to show for it was a handful of pictures. I hadn't helped anyone but myself. I could have done so many positive things with the money I earned, but failed to. I was not a success. Now that I've been given a second chance, success to me has no monetary value, and it is not something that can be measured by outward appearances. Success is making the best out of what you have been blessed with. It's giving your all despite your circumstances. It's spending the time to teach your children the importance of things such as faith, love, education, and confidence. It is so much more than the shallow emptiness that wealth and material possessions often bring. I think about an illustration someone shared with me recently. When you finish a game of Monopoly, all the pieces go back in the box, so it really doesn't matter how much of the board you control. Life works the same way. Life is finite, your days numbered. When my days have ended, if one person stands over my grave describing the positive impact I had on their life, my life will have been a success. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 25 Sep 2009 | 2:25 pm Bank Of America Has No Idea What It's Up Against
Dalton Chiscolm v. Landlord [PDF]
Sponsored Topics: Bank of America - Window blind - Business - Economics - Social Studies Source: Dealbreaker | 25 Sep 2009 | 1:52 pm This Week’s LinksWhy customer discovery and validation are crucial for startups (via Newmark’s Door). The top 25 news stories that didn’t make the news (via Interesting Pile). US auto sales are suffering a Cash for Clunkers hangover. What exactly did the program stimulate? The Smirking Chimp on the new TV genre of yuppie nihilism. If you’re feeling unlucky, or have had a bad day, read this. Feeling better about your situation now?
Source: Business Pundit | 25 Sep 2009 | 1:48 pm Cadbury stresses Kraft bid makes no strategic senseLONDON (Reuters) - Cadbury Plc CEO Todd Stitzer said on Friday he did not believe Kraft's offer for the company made strategic sense, as he tried to clarify remarks he made that drew scrutiny from Britain's Takeover Panel.Source: Reuters: Business News | 25 Sep 2009 | 1:43 pm HSBC chief to be based in Hong KongHSBC has announced a radical shake-up of its senior management, including the relocation of chief executive from London to Hong KongSource: Financial Times - US homepage | 25 Sep 2009 | 1:32 pm ITV scraps plan to hire Tony Ball as chief executive due to pay demandsBroadcaster decided not to proceed with appointment after it became 'fed up' with the former BSkyB chief's extensive list of demands.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 25 Sep 2009 | 1:30 pm ITV's directors are not on the Ball when it comes to its own soap operaLast night on ITV's Emmerdale Leyla took drastic measures to solve her financial crisis. Michael Grade ITV's chairman is trying to do the same thing. But it's just not working.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 25 Sep 2009 | 1:23 pm RBS to sell fund manager for £300mRoyal Bank of Scotland is selling the majority part of its £50bn asset management arm as part of a series of fundraising moves.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 25 Sep 2009 | 1:20 pm Tony Ball and ITV end job talksITV and Tony Ball, the former boss of Sky, have ended talks about him becoming chief executive, the BBC learns.Source: BBC News | Business | World Edition | 25 Sep 2009 | 1:19 pm Is The Stock Market Nothing More Than The Fed's Puppet?Based on Rep. Alan Grayson's line of questioning for Federal Reserve General Counsel Scott Alvarez, you'd think the Beard and his troops were using their powers to turn the equity markets into their personal plaything. The game of cat and mouse starts with the question "Has the Federal Reserve Ever Tried to Manipulate the Stock Market?", which leaves Alvarez a bit flat footed. He quickly goes to the 'it's too broad a question' play which is met with an emphatic "I think not". The 4 minutes that follow are highly reminiscent of the Stanford Band Play with Grayson sensing victory multiple times until Alvarez slips right by him, the clock runs out, and Alvarez is in the end zone. [via ZH]
Sponsored Topics: Stock Market - Federal Reserve System - Alan Grayson - Business - Stocks and Bonds Source: Dealbreaker | 25 Sep 2009 | 1:04 pm Global trade sees fastest rise for five yearsGlobal trade rose at its fastest rate in more than five years in July, suggesting the economic recovery is feeding through into commerce.Source: Financial Times - US homepage | 25 Sep 2009 | 1:04 pm Citi Puts In Two Cents On Goldman Sachs's Compensation Problem
Goldman Sachs management has to "walk a fine line" between paying enough money to employees to discourage them from leaving and paying so much that it elicits "excessive ire" from the government and public, the note said. Not really clear as to what the motivation was for opining on the situation (and feeling the need to get out Goldman's side of the story) but presumably the thinking was that was that it'd give the Big C an opening to suggest that if things get really bad, GS ought just give them the money to hold on to until things blow over, which would be a win-win for all.
Sponsored Topics: Goldman Sachs - Morgan Stanley - Rolling Stone - Business - Citibank Source: Dealbreaker | 25 Sep 2009 | 1:00 pm Cadbury: 'Kraft's proposal doesn't make strategic or financial sense'Cadbury has repeated its opposition to Kraft's takeover approach in an attempt to clarify comments attributed to chief executive Todd Stitzer.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 25 Sep 2009 | 12:56 pm Sterling drops to weakest level in six monthsThe pound dropped to its weakest level in almost six months as the Chancellor Alistair Darling said that Britain has no policy in place to control the level of the currency.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 25 Sep 2009 | 12:51 pm Stitzer ‘does not believe Kraft deal makes sense’Cadbury issued a denial that its chief executive had ‘softened’ his view on a deal with the US food groupSource: Financial Times - US homepage | 25 Sep 2009 | 12:49 pm Merkel leaves blood and tears behindThe German chancellor has transformed from the impatient, pro-market opposition leader of 2005, who pledged to “reduce the role of the state” to become a gentle, presidential, and post-ideological rulerSource: Financial Times - US homepage | 25 Sep 2009 | 12:40 pm Mistake #3: Avoiding Confrontation
Excuse me, you there, hiding in the corner – yes, we know you’re avoiding confrontation. Let’s talk about the more subtle ways we sabotage our success by avoiding tough conversations and situations. This is the third installment in the series 8 Mistakes Men Don’t Make. Today’s topic is, clearly, avoiding confrontation. There are so many ways women (and men!) do this. If you’re hiding behind your email, not getting into the meat of an issue, or settling for less than what you want and deserve, you’ll be less than optimally effective. What’s worse, you will lose valuable respect. Avoiding Face-to-Face ContactIt is getting easier do your job with less and less sharing of real-time words. But is that the right thing to do? Email is great. Depending on how many people are in the conversation, it can be extremely efficient. It allows you to do some pretty serious CYA-ing if need be. And it can be a time saver. (Or not, but that’s another post.) Despite all the benefits, communicating exclusively in writing is also passive. It’s also not that comprehensive. Think about how much non-verbal (non-word) communication you’re missing when you avoid face to face conversations. Tone of voice and body language are so much more important than the actual words spoken or written. Can You Leave it in the Boardroom?Guys have an awesome ability to come *this* close to blows (or in the case of friends and brothers, to actual blows) and then walk away to share a laugh over a beer as if nothing happened. Why does this work? Because they got whatever was bothering them out into the open and everybody had their say. It may not have been pretty, but once it’s out there – well, there it is. When you avoid confrontation, the outcomes expected in a given situation can be unclear. By failing to tackle the nasty details, small annoyances fester into large scale frustrations. When you face challenges head on you actually make it easier on yourself because you only have to deal with the challenge at hand, not all the ancillary garbage that is created when you pretend the tough stuff isn’t really there. Settling For LessAnyone who is uncomfortable in difficult conversations (aka negotiations) is almost always going to get less than the merit of their work deserves. No, it’s not fair. It’s business. Confrontation can feel yucky. Fine – accept it. The sooner you do, and the sooner you train yourself to welcome that discomfort, the sooner you find that you’re getting more of what you want - in your business and personal lives. One of the worst things about avoiding confrontation is that it can get you labeled as passive agressive, manipulating quietly in the background to get your way. And that label almost never ups your worth. Image Credit: lelia thomas, Flickr
Source: Business Pundit | 25 Sep 2009 | 12:33 pm British firm fined for corruptionA UK construction firm is ordered to pay £5m after admitting to overseas corruption and breaching UN sanctions.Source: BBC News | Business | World Edition | 25 Sep 2009 | 12:27 pm Zimmer Discusses University of Chicago’s Excellence: AudioSource: Bloomberg - All Podcasts | 25 Sep 2009 | 12:17 pm Barney Frank Backs Ron Paul's Idea For Auditing The Fed
By Laura Conaway Rep. Ron Paul (R-Texas, and more) got a boost today in his crusade for a closer look at the Federal Reserve. Rep. Barney Frank (D-Mass., and chair of the House Financial Services Committee) said in a hearing that he backs Paul's proposal to let the Government Accountability Office pursue detailed audits of the Federal Reserve. "We are serious about some legislation in this regard," Frank said on Capitol Hill today. The LA Times reports that Frank says he wants to curb the Fed's emergency lending powers. Frank says he'd like to include the audit power in legislation for overhauling financial regulation. Paul has been pressing a measure for Congressional audits of the Fed for 26 years, longer than some people who work on Planet Money have been alive. That bill now counts two-thirds of all House members as co-sponsors. His new book, "End the Fed," stands at number 32 on Amazon's bestseller list. He's also the author of H.R. 2775, the Federal Reserve Abolition Act. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 25 Sep 2009 | 11:47 am Rosner Says Government Ratings Agencies Not Likely: AudioSource: Bloomberg - All Podcasts | 25 Sep 2009 | 11:36 am Tower raises $81.3mTower has raised the $81.3 million it was seeking in a rights issue. Applications for $119.85 million of shares were received from holders taking up rights and applying for additional shares so the maximum offer amount of $81.3...Source: nzherald.co.nz - Business | 25 Sep 2009 | 11:30 am Twitter confirms major cash boostSocial networking website Twitter confirms it has closed a "significant round of funding" from five investment firms.Source: BBC News | Business | World Edition | 25 Sep 2009 | 11:16 am Second City's a big stage in their livesFinding work in show biz is tough, especially in this economy. A current member and an alumnus of Chicago's famous Second City theater talk with host Tess Vigeland about the comedy and tragedy of being a performer.Source: Marketplace Money | 25 Sep 2009 | 11:04 am Loan-modification firms wreak havocSteve Henn reports on how loan-modification firms are preying on already desperate people who are facing foreclosure. This story is part of a joint investigation by Marketplace and ProPublica.Source: Marketplace Money | 25 Sep 2009 | 11:02 am Getting PersonalHost Tess Vigeland and Chris Farrell answer listener questions about personal finance.Source: Marketplace Money | 25 Sep 2009 | 11:02 am The former lives of steelworkersPittsburgh, site of the G-20 conference this past week, was once home to thousands of steelworkers. Rico Gagliano talks to two of them about how they moved on after their industry collapsed.Source: Marketplace Money | 25 Sep 2009 | 11:01 am Avoid being a freelance pushoverIf you're relying on freelance work to pay the bills, how do you make sure you're getting paid what you deserve for those now-and-again gigs? Host Tess Vigeland gets answers from Tory Johnson, CEO of Women for Hire.Source: Marketplace Money | 25 Sep 2009 | 11:01 am Can't find work? Try looking for cash.A lot of people are still searching for work and collecting unemployment. But that isn't stopping them from hunting for cash in unusual ways. Ashley Milne-Tyte reports.Source: Marketplace Money | 25 Sep 2009 | 11:01 am We demand plain vanilla productsFinance charges, compound interest ... the dizzying amount of financial terms can be confusing. That's why commentator Chris Farrell says financial institutions need to offer customers simple products they can understand.Source: Marketplace Money | 25 Sep 2009 | 11:01 am Banks draft changes to overdraft feesIf you ever spent more with your debit card than was in your account, your bank may have paid the amount but then slammed you with a big overdraft fee. Banks impose such policies as "protection plans." But now, as Stacey Vanek-Smith reports, you'll have a choice of whether you want one.Source: Marketplace Money | 25 Sep 2009 | 11:01 am Painless spending can hurt pocketbooksUsing a credit card is easy. Writing a check is more time consuming. Host Tess Vigeland talks with personal finance columnist Jason Zweig about how different ways of paying can affect how much we spend.Source: Marketplace Money | 25 Sep 2009 | 11:01 am Listener: Better Than The 'Public Option'Michael Green, from Minnesota Public Radio land, describes himself as an Obama supporter and no fan of the "public option" for health insurance. Green argues there's a better way to create competition than having the government start its own insurance plan. He writes: Since I always enjoy your analogies on the program, I'll start with my own from the healthcare realm. My mother currently takes about ten different medications a day for a variety of reasons. When I asked her to walk me through why she takes each pill, it turned out that only a few were for true underlying medical needs. The rest were to counteract a side effect of the first few and some were to counteract the side effects of each other. I feel like the public option is in the later category. I think the underlying issue that we are trying to address is lack of competition. So this begs the question "Why isn't there more competition in health care?" Since we are supposed to be in a free market, I'd turn the question and ask "What's broken such that there isn't NATURALLY more competition in health care?" From an outsider's perspective, I think the answer to the above question is (1) varying state insurance regulations prevent insurers in one location from competing in another location and (2) incentives that favor employer-based health care (i.e., tax deductability for purchasing through employers) prevent the individual from choosing freely among the limited options in the state. If the above is true, wouldn't the following (hopefully simple) ideas address the true issue? (1) Create a single national standard for health insurance regulation that allows insurers to compete in all states (2) Mandate that everyone have insurance (3) Mandate that insurers take all comers -- not charging for preexisting conditions and (4) Eliminate any financial disincentive for individuals/families to purchase insurance on their own. I understand that items 2 and 3 are squarely in the reform debate. I've heard very little about items 1 and 4. BTW, I'm curious to know if the public option would have to abide by each state's regulations. I think it would be better for all if the government can address the underlying problem rather than develop a solution to address the side effects of prior "solutions." Other thoughts?? » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 25 Sep 2009 | 10:38 am 24/7 Wall St. TV: RIM’s (RIMM) Tough FutureShares of RIM (RIMM), maker of the Blackberry, were knocked down almost 15% today after earnings. Revenue for the second quarter of fiscal 2010 was $3.53 billion, up 37% from $2.58 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 81% for devices, 14% for service, 2% for software [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Sep 2009 | 10:31 am Switch on dividendInvestment company Cynotech Holdings has decided not to pay a dividend declared at the time of its interim result. The directors thought there would be no improvement in the finance company sector at least to the end of the next...Source: nzherald.co.nz - Business | 25 Sep 2009 | 10:30 am A look at economic developments around the globe (AP)AP - A look at economic developments and activity in major stock markets around the world Friday:Source: Yahoo! News: Stock Markets News | 25 Sep 2009 | 10:27 am Small talk: Big vehicle, models, cowsMarketplace's Brendan Newnam and Rico Gagliano talk with fellow staffers Jeremy Hobson, Stacey Vanek-Smith and Amy Scott about under-the-radar business stories: a sheriff's big vehicle, warning labels on model's photos, and productive cows.Source: Marketplace | 25 Sep 2009 | 10:21 am L.A. Dodgers hope ticket truck hits bigTo boost sales, the Los Angeles Dodgers are trying a new marketing method: a ticket truck. Nancy Farghalli reports.Source: Marketplace | 25 Sep 2009 | 10:21 am Germany's Merkel likely to win electionEuropean correspondent Stephen Beard talks with Kai Ryssdal about what's at stake in the upcoming German elections, and why the economic downturn hasn't hurt Chancellor Angela Merkel.Source: Marketplace | 25 Sep 2009 | 10:21 am 'I am obsessed with the markets'The recession has a lot of people thinking about the markets, whether to stay in or get out. For commentator Lauren Silverman, things are starting to get a little out of hand.Source: Marketplace | 25 Sep 2009 | 10:21 am Weekly Wrap: Reform proposalsFortune's Leigh Gallagher and Clusterstock's John Carney talk with Kai Ryssdal about whether the time for meaningful financial system reform has passed, and where we go from here.Source: Marketplace | 25 Sep 2009 | 10:21 am Airline fees take off in a big wayThe last time you flew, you may have noticed you were opening up your wallet... a lot. Why? Stacey Vanek-Smith reports.Source: Marketplace | 25 Sep 2009 | 10:21 am Why the shift in global economic policy?For decades, the governments of the eight economic powers have considered themselves the major decision-makers on the global economy. But from now on all members of the G-20 will be included in discussions. Bob Moon reports.Source: Marketplace | 25 Sep 2009 | 10:21 am Will more sanctions against Iran work?Iran's acknowledgment of a previously secret nuclear plant garnered strong international reactions. The U.S., U.K. and France want Iran to disclose its nuclear efforts or face new sanctions. Jeremy Hobson reports.Source: Marketplace | 25 Sep 2009 | 10:21 am Wary eye on talk of Kathmandu floatIt's the oldest trick in the book, says market commentator Arthur Lim."We call it kite flying."The persistent chat that outdoor equipment and clothing retailer Kathmandu will list on the stock exchange has grown to a crescendo.News...Source: nzherald.co.nz - Business | 25 Sep 2009 | 10:00 am F&P plunges after profit shockFisher & Paykel Appliances' share price has fallen more than 10 per cent after a profit warning and revelations of more talks with its bankers.The whiteware maker had appeared to be back on track after signing a deal with Chinese...Source: nzherald.co.nz - Business | 25 Sep 2009 | 10:00 am 'Plain wrong' to think financial danger is overAs confidence mounts that the global economy has stabilised, governments' attention is turning to measures to reduce the risk of another financial crisis on the scale of last year's tsunami.Financial regulation has been high on...Source: nzherald.co.nz - Business | 25 Sep 2009 | 10:00 am Rudd urges freer trade, climate actionSYDNEY: Australian Prime Minister Kevin Rudd said the world must push for freer trade, lower carbon pollution and boost investment in internet technologies to pull the global economyout of its worst slump since World War II."We...Source: nzherald.co.nz - Business | 25 Sep 2009 | 10:00 am Brian Gaynor : Different ambitions in quest for cashThere are important differences between the Rakon and Pyne Gould Corporation capital raisings announced this week.The Rakon issue is relatively small, $65 million compared with the company's pre-announcement market value of $191...Source: nzherald.co.nz - Business | 25 Sep 2009 | 10:00 am Norman conquestAnne Norman is concerned that we like the Farmers' 100th anniversary cake."It is all right?" she fusses, paying more attention to serving us with plates and napkins than to the photo shoot the Herald is trying to corral her...Source: nzherald.co.nz - Business | 25 Sep 2009 | 10:00 am LSE chief cuts 133 jobsLONDON: The London Stock Exchange is set to embark on a spree of deals in a bid to transform the company.Cazenove is on the hunt for targets as LSE chief executive Xavier Rolet ponders further price cuts to respond to the competitive...Source: nzherald.co.nz - Business | 25 Sep 2009 | 10:00 am Mary Holm : Forget picking property marketI have a property in Mangere Bridge and one in Whangamata. Both have CVs of $280,000. Which one do you think it wisest to hold on to? I have driven my family and friends mad with this question, so hope you can shed some light...Source: nzherald.co.nz - Business | 25 Sep 2009 | 10:00 am First Wives' club: Country music, tea sets and Andy WarholMichelle Obama has a list of events to keep G20 First Ladies entertained in Pittsburgh.Source: BBC News | Business | World Edition | 25 Sep 2009 | 9:47 am Yamada Sees Gold Rising as High as $1,550 an Ounce: AudioSource: Bloomberg - All Podcasts | 25 Sep 2009 | 9:42 am Lantz Says Bank Reserves Will Grow to $1.4 Trillion: AudioSource: Bloomberg - All Podcasts | 25 Sep 2009 | 9:34 am Keay Calls Delta, Continental Best Airline Investments: AudioSource: Bloomberg - All Podcasts | 25 Sep 2009 | 9:33 am Lyons Calls Government Regulation of Pay `Going Too Far': AudioSource: Bloomberg - All Podcasts | 25 Sep 2009 | 9:32 am Knapp Sees `Difficult' U.S. Stock Market in 2010: AudioSource: Bloomberg - All Podcasts | 25 Sep 2009 | 9:15 am Faith in financeCan religion help tackle the economic crisis?Source: BBC News | Business | World Edition | 25 Sep 2009 | 9:12 am Test for Beijing’s resolve to clean up industryThe village of Hengjiang, a settlement of 1,800 mostly elderly people left behind to grow rice or mine alluvial coal, has emerged as a test case of Beijing’s resolve to clean up the mining and minerals industriesSource: Financial Times - US homepage | 25 Sep 2009 | 8:57 am The Sucker Rally In Airline Stocks (UAUA)(CAL)(AMR)(LCC)Try to balance the conventional wisdom about airline stocks. Audit Integrity has AMR (AMR) and Continental (CAL) on its list of large American companies most likely to go bankrupt. UBS upgraded several carriers to “buy” from “neutral”, and that has shares in AMR, Continental, US Air (LCC), United (UAUA), and Alaska Air (ALK) trading up [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Sep 2009 | 8:53 am This Week’s Weird Jobs
This week’s jobs are the kinds of gigs you take when you’re out of other options. Vodka salesperson. Mascot. Strong person who loads mystery objects into a truck. And if you can’t do any of that, why not try to turn your kid into a famous actor? Only one job on this entire list requires specialized skills…can you guess which one it is? 1. Denver: Child Actors Sought for Short Film Looking for child actors for a short film. A coming of age story about a creative young boy struggling to abandon his imaginary friend while searching for acceptance from a neighborhood group of soccer playing kids. We are looking for: Children with real-life imaginary friends encouraged to apply. 2. Denver: Sell New U.S. Made Vodka for commission (profits go to veterans) Need sales people to work for 10-15% commission. Breaks down to $12-18 per 6 bottle case sold, upward sliding scale. Obviously bigger accounts mean bigger orders & more commission, but small, high volume accounts can be good too if handled properly. Can be part or full-time. 3. Idaho: MASCOT WANTED INTERVIEWING FOR RELIABLE PERSON FOR MASCOT POSITION. WORK VARIOUS LOCATION IN THE CITY. MUST HAVE FUN PERSONALITY. PLEASE CONTACT FOR APPOINTMENT. * Compensation: $8 PER HR We’re not telling you what kind of mascot you’ll be, because it’s kind of embarrassing. Just apply and wear the hot pink beaver suit, OK? Looking for a donut baker with at least 3 years experiance in Handcut Donuts. Please apply at Brooklyn’s Bakery, located at 65 main st in Biddeford, Maine. Only apply during the hours of 2 pm and 5 pm monday thru friday. Ask for Debbie. * Compensation: Shift pay is $80 per shift Baking eclairs or bear claws will result in your termination. 5. East Texas: Looking for three strong arms looking for three strong young men to come help us load a couple of heavy items into the back of a pickup. These items weigh well over 600 pounds each. We’ll only need help for about 15 minutes. There’ll be two of us, so 5 should be able to get it done no problem. Holler back if interested. * Compensation: 15 dollars each
Source: Business Pundit | 25 Sep 2009 | 8:42 am Broken promises?See if the G20 leaders are fulfilling the pledges they made at the London summit five months agoSource: BBC News | Business | World Edition | 25 Sep 2009 | 8:13 am Hopping Mad: Professors, Students, Housekeepers And A GovernorBy Laura Conaway Good morning, and welcome to another day of the Great Recession. In California, professors and students are hopping mad over budget cuts, tuition hikes and teacher furloughs. In Massachusetts, the governor is talking about a boycott of the Hyatt hotel chain after it laid off 98 housekeepers and replaced them workers making half as much. Orders for durable goods fell 2.4 percent in August, the Commerce Department reports. The G20 reports progress on IMF reform in Pittsburgh, while Simon Johnson proposes an overhaul for resolving the tension between emerging markets and rich nations. Twitter appears to be about to raise $100 million, despite having what the New York Times describes as "no discernible revenue." When you're the future, apparently you can get the Benjamins later on. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 25 Sep 2009 | 7:57 am Orders for durable goods drop unexpectedly in AugustWASHINGTON -- Orders for goods expected to last at least three years fell unexpectedly in August due mainly to a drop in demand for commercial aircraft. The worst reading since January for durable goods is evidence that any recovery in manufacturing will be slow and gradual.
Source: L.A. Times - Business | 25 Sep 2009 | 7:44 am Today’s Best Market Rumors 9/25/2009 (GE)(TM)(F)(JPM)(AAPL)Update: The Apple (AAPL) iPhone will cost an extraordinarily high $303 in China but the monthly service fee will be as low as $18.45 on the China Unicom (CHU) network. (Fortune) Update: Contrary to other rumors, Palm (PALM) will launch its new Pre handset with Verizon Wireless (VZ)(VOD) (Barron’s) GE (GE) would consider an offer for NBC, at [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Sep 2009 | 7:39 am Stocks Trading On Heavy Volume Or Price (RIMM)(TIBX)(UCBI)(ALTH)According to the watch list at Volume Spike Investor several stocks are making large moves before the open. The most substantial activity is in RIM (RIMM) Tibco (TIBX) United Community Banks (UCBI) and Allos (ALTH). Douglas A. McIntyre Posted in Pre-Market Activity Tagged: ALTH, RIMM, TIBX, UCBI[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Sep 2009 | 6:35 am European stocks rise as investors focus on G20 (AFP)
Source: Yahoo! News: Stock Markets News | 25 Sep 2009 | 6:32 am World stock markets mixed as G-20 eyes recovery (AP)
Source: Yahoo! News: Business | 25 Sep 2009 | 6:07 am World stock markets mixed as G-20 eyes recovery (AP)
Source: Yahoo! News: Stock Markets News | 25 Sep 2009 | 6:07 am Major Facebook FAIL
Source: Business Pundit | 25 Sep 2009 | 5:49 am Tech Titans Holding $260 Billion In Cash (DELL, PER, ORCL, JAVA, MSFT, AAPL, IBM, GOOG, CSCO, INTC, HPQ, QCOM, EMC, YHOO)The economy is obviously getting better, so long as you are not one of the unemployed or about to lose your job. Now with more than a 50% rally from the March lows and a Dow Jones Industrial Average challenging the 10,000 level, suddenly everyone wants to put on their investment banker hats again and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Sep 2009 | 4:41 am As The World Turns: HSBC CEO To Move To AsiaHSBC (HBC) is the largest bank in Europe, by most measures. Its CEO will be relocating to Hong Kong from London early next year, an indication of the rise of Asia and the fall of Europe as financial centers. HSBC said it will “transfer its Group Chief Executive Michael Geoghegan to Hong Kong from London from Feb. 1, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Sep 2009 | 4:02 am US Large Loan Losses To Hit $53 Billion In 2009The federal government’s Shared National Credit (SNC) Review for this year found $53 billion in losses on large loans held by U.S. bank organizations, foreign bank organizations, and nonbanks such as securitization pools, hedge funds, insurance companies, and pension funds. The definition of a large loan is one exceeding $20 million. The SNC said the $53 billion ”exceeded [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Sep 2009 | 3:31 am Stocks pressured despite G20 pledge, dollar eases (Reuters)
Source: Yahoo! News: Stock Markets News | 25 Sep 2009 | 3:01 am GM: Silence Is GoldenGM’s fairly new CEO Fritz Henderson did not get his job as recently as the car company’s chairman Ed Whitacre did, but neither has been in his current role for even a year. Each man has begun to make a public mark, probably to the detriment of GM and its primary shareholder, the US taxpayer. The [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Sep 2009 | 2:52 am London stocks rise at open (AFP)
Source: Yahoo! News: Stock Markets News | 25 Sep 2009 | 2:52 am A Market Still Hostage To Meaningless DataThe stock market did not fall apart at the seams, but it did very poorly on news that existing home sales dropped last month by 2.7% to a rate of 5.1 million. That was down from a figure of 5.24 million in July. The National Association of Realtors put a brave face on as it [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Sep 2009 | 2:45 am
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