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Auto Review: 2010 Mazda MX-5 Miata: Some things never changeSo many things are not what they once were, for better or worse. But in a rapidly changing world, the 2010 Mazda MX-5 Miata still delights.
Source: MarketWatch.com - Top Stories | 17 Oct 2009 | 4:00 am UPDATE 1-Germany says EU concerns don't endanger Opel deal* Germany confident it can resolve EU doubts on Opel dealSource: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 3:22 am Trading to start on China's new small stock indexTrading on China's new stock market catering to smaller companies will begin Oct. 23, the chairman of the country's securities regulator said Saturday. The Growth Enterprises Market is...Source: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 2:52 am Trading to start on China's new small stock index (AP)
Source: Yahoo! News: Stock Markets News | 17 Oct 2009 | 2:52 am Germany says EU concerns don't endanger Opel deal* Germany confident it can resolve EU doubts on Opel dealSource: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 2:27 am Six face insider trading chargesOne of the richest men in the US is among six charged in what's alleged to be the biggest ever hedge fund insider trading case.Source: BBC News | Business | World Edition | 17 Oct 2009 | 2:22 am US budget deficit hits record 1.4 trillion dlrs: govtThe US government closed its 2009 fiscal year with a record 1.417 trillion dollar budget deficit as it poured resources to contain a serious financial crisis that plunged the nation into...Source: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 1:47 am China to launch Nasdaq-style board on Oct 23: media (AFP)
Source: Yahoo! News: Stock Markets News | 17 Oct 2009 | 1:35 am California job losses keep climbingThe Bay Area, whose tech industry is gearing up, is projected to lead the state's comeback. Southern California -- hobbled by the collapse in housing and construction -- will lag, economists say.California lost more than five times as many jobs in September as it did the month before, signaling that the state's employment woes continue despite a budding economic recovery.
Source: L.A. Times - Business | 17 Oct 2009 | 1:00 am Senate restores funding for hydrogen car researchThe hydrogen car may have legions of fervent fans, but Energy Secretary Steven Chu apparently is not among them. Earlier this year, the Nobel Prize-winning scientist essentially zeroed government funding for the vehicles and came close to mocking their potential, saying the technology needs four "miracles" before it can become widely adopted.
Source: L.A. Times - Business | 17 Oct 2009 | 1:00 am 'Pop-up' stores are becoming an overnight sensationMajor chains are legitimizing the phenomenon. It lets merchants move quickly, opening up shops to test a new product or market and closing them without much fuss.For most retail stores, staying in business for only a few days would be considered a major flop.
Source: L.A. Times - Business | 17 Oct 2009 | 1:00 am Bank of America posts net loss of $1 billion in third quarterIn an ugly reminder of the depth of consumers' economic troubles, the company records an $11.7-billion expense to cover future loan losses.In an ugly reminder of the depth of consumers' economic troubles, Bank of America Corp. on Friday reported a $1-billion net loss for the third quarter, much worse than Wall Street expected.
Source: L.A. Times - Business | 17 Oct 2009 | 1:00 am GE says it's preparing for possible shake-up at NBC UniversalThe industrial conglomerate says it wants 'to be ready for several scenarios,' of which one could be a decision by Vivendi to divest from the entertainment company.General Electric Co. Chief Executive Jeffrey Immelt, sounding less committed to the entertainment business, said Friday that his company was getting its peacocks in a row for a possible change in ownership at NBC Universal.
Source: L.A. Times - Business | 17 Oct 2009 | 1:00 am Imports dive at ports of Los Angeles and Long BeachThey report their worst combined import statistics in nine years for September, which is often the busiest month at the nation's biggest port complex.In another sign of how deep the global recession has become, the ports of Los Angeles and Long Beach on Friday reported their worst combined import statistics for September in nine years.
Source: L.A. Times - Business | 17 Oct 2009 | 1:00 am 6 accused of insider trading after wiretapping investigationAmong those accused of insider trading include Raj Rajaratnam, the founder of the $7-billion hedge fund Galleon Group, and two executives at California firms Intel and McKinsey & Co. ...Source: RSS feed - channel BNPaperBusiness | 17 Oct 2009 | 1:00 am Stocks stumble on Bank of America, GE earningsThe Dow industrials fall back below 10,000 on some downbeat quarterly reports and a lower-than-expected consumer confidence index. But the major indexes ended up for the week. ...Source: RSS feed - channel BNPaperBusiness | 17 Oct 2009 | 1:00 am Business BriefingWal-Mart starts book price warSource: RSS feed - channel BNPaperBusiness | 17 Oct 2009 | 1:00 am Swine flu outbreak revives fears about air quality in planesAn airline trade group downplays the risk, saying filtration systems are sufficient to curtail the spread of germs through the cabin. But beware of sitting next to a sneezing passenger. ...Source: RSS feed - channel BNPaperBusiness | 17 Oct 2009 | 1:00 am Swine flu outbreak revives fears about air quality in planesAn airline trade group downplays the risk, saying filtration systems are sufficient to curtail the spread of germs through the cabin. But beware of sitting next to a sneezing passenger.Television news shows and newspaper headlines scream about the potential dangers of H1N1, also known as swine flu, and there you are, contemplating a trip for the upcoming holidays.
Source: L.A. Times - Business | 17 Oct 2009 | 1:00 am GE says it's preparing for possible shake-up at NBC UniversalThe industrial conglomerate says it wants 'to be ready for several scenarios,' of which one could be a decision by Vivendi to divest from the entertainment company. ...Source: RSS feed - channel BNPaperBusiness | 17 Oct 2009 | 1:00 am Mattel profit falls, but investors push up stockEven though net income declined 3.5% last quarter to $229.8 million, wider profit margins and cost cutting are promising signs, analysts say. ...Source: RSS feed - channel BNPaperBusiness | 17 Oct 2009 | 1:00 am California job losses keep climbingThe Bay Area, whose tech industry is gearing up, is projected to lead the state's comeback. Southern California -- hobbled by the collapse in housing and construction -- will lag, economists say. ...Source: RSS feed - channel BNPaperBusiness | 17 Oct 2009 | 1:00 am Business BriefingWal-Mart starts book price war
Source: L.A. Times - Business | 17 Oct 2009 | 1:00 am Bank of America posts net loss of $1 billion in third quarterIn an ugly reminder of the depth of consumers' economic troubles, the company records an $11.7-billion expense to cover future loan losses. ...Source: RSS feed - channel BNPaperBusiness | 17 Oct 2009 | 1:00 am Imports dive at ports of Los Angeles and Long BeachThey report their worst combined import statistics in nine years for September, which is often the busiest month at the nation's biggest port complex. ...Source: RSS feed - channel BNPaperBusiness | 17 Oct 2009 | 1:00 am Senate restores funding for hydrogen car researchThe hydrogen car may have legions of fervent fans, but Energy Secretary Steven Chu apparently is not among them. Earlier this year, the Nobel Prize-winning scientist essentially zeroed government funding...Source: RSS feed - channel BNPaperBusiness | 17 Oct 2009 | 1:00 am 6 accused of insider trading after wiretapping investigationAmong those accused of insider trading include Raj Rajaratnam, the founder of the $7-billion hedge fund Galleon Group, and two executives at California firms Intel and McKinsey & Co.Federal authorities shook the often secretive world of hedge funds with the arrests Friday of the billionaire founder of a major New York operation and five others on charges they engaged in extensive insider trading that allegedly netted more than $20 million in illicit profits.
Source: L.A. Times - Business | 17 Oct 2009 | 1:00 am Mattel profit falls, but investors push up stockEven though net income declined 3.5% last quarter to $229.8 million, wider profit margins and cost cutting are promising signs, analysts say.Shares of the nation's largest toy maker, Mattel Inc., rose 4.5% on Friday, despite a small drop in third-quarter profit and a prediction of flat Christmas sales this year.
Source: L.A. Times - Business | 17 Oct 2009 | 1:00 am 'Illegal Alien' Halloween costume sparks ireA Southern California immigrant rights group on Friday asked Target stores and a costume company to stop selling an "illegal alien" Halloween costume it said is offensive to immigrants. ...Source: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 12:34 am Market Snapshot: U.S. stocks brace for more earningsWith mixed reports from bellwethers denting enthusiasm for the rally in stocks, investors await one of the busiest weeks of the third-quarter earnings season hoping that key results will not only top estimates, but show improving sales, and provide upbeat outlooks.
Source: MarketWatch.com - Top Stories | 16 Oct 2009 | 10:01 pm U.S. Venture Capital Recovery Stalls as 3Q Investment Slumps; Trends Point to a Prolonged Correction, ShakeoutDow Jones VentureSource: Venture Capital Investment Down 6% From Previous Quarter; IT Outpaces Health Care, But Only Slightly; Investors Favor Later Stage Deals SAN FRANCISCO,Source: RSS feed - channel BNewsBusiness | 16 Oct 2009 | 10:01 pm U.S. budget gap hits record $1.4 trillion (Reuters)Reuters - The U.S. budget deficit hit a record $1.4 trillion in the just-ended fiscal year, the government said on Friday, as the deep recession and a series of bank rescues cut a gaping hole in public finances.Source: Yahoo! News: Business | 16 Oct 2009 | 9:02 pm U.S. budget gap hits record $1.4 trillionWASHINGTON (Reuters) - The U.S. budget deficit hit a record $1.4 trillion in the just-ended fiscal year, the government said on Friday, as the deep recession and a series of bank rescues cut a gaping hole in public finances.Source: Reuters: Business News | 16 Oct 2009 | 9:02 pm Wall St hit by Bank of America, GE resultsNEW YORK (Reuters) - U.S. stocks fell on Friday after disappointing results from General Electric Co and Bank of America Corp demonstrated the road to economic recovery will be bumpy.Source: Reuters: Business News | 16 Oct 2009 | 8:45 pm California bank 99th to fail in U.S. in 2009California regulators on Friday closed the San Joaquin Bank of Bakersfield, which became the 99th U.S. bank to fail in 2009.
Source: MarketWatch.com - Top Stories | 16 Oct 2009 | 8:21 pm Bank failures near 100 for yearThis year is shaping up to be the first since 1992 to see the failure of at least 100 banks, and experts suggest we could be no more than 10% of the way through this cycle of bank collapses, which is sure to be the worst run of closures since the Great Depression.
Source: MarketWatch.com - Top Stories | 16 Oct 2009 | 8:20 pm FDIC announces 99th bank failureThe nation's bank casualties tallied 99 Friday night when state regulators closed San Joaquin Bank, based in Bakersfield, California. This was the tenth bank to fail in that state.Source: Business and financial news - CNNMoney.com | 16 Oct 2009 | 8:08 pm Lazard board to meet in two weeks to seek successor: reportNEW YORK (Reuters) - Lazard Ltd's board of directors will meet in two weeks to begin a search for Chief Executive Bruce Wasserstein's successor, Bloomberg reported on Friday, citing two people familiar with the matter.Source: Reuters: Business News | 16 Oct 2009 | 7:57 pm Calif. bank becomes 99th in US to be shut in 2009Regulators have shut down San Joaquin Bank in California, marking the 99th failure this year of a federally insured bank. The Federal Deposit Insurance Corp. was appointed receiver of...Source: RSS feed - channel BNewsBusiness | 16 Oct 2009 | 7:26 pm Feds sell off Madoff's beach houseNEW YORK - Federal marshals say the sale price of Bernard Madoff's Long Island beach house is US$9.41 million.The US Marshals Service put the 3,000-square-foot (279-sq. metre) house on the market September 1 to help repay victims...Source: nzherald.co.nz - Business | 16 Oct 2009 | 7:20 pm 2 settle lawsuits over Dungeons & Dragons handbookTwo of eight people accused in lawsuits of illegally distributing Dungeons & Dragons handbooks over the Internet have settled, and the maker of the pioneering role-playing game is seeking aSource: RSS feed - channel BNewsBusiness | 16 Oct 2009 | 7:07 pm Minn. pigs may have tested positive for swine fluPreliminary tests show three pigs in Minnesota may have contracted the swine flu virus making them the first potential U.S. cases in swine, agricultural officials said Friday. They stressedSource: RSS feed - channel BNewsBusiness | 16 Oct 2009 | 7:02 pm U.S. charges billionaire Rajaratnam with record insider tradingNEW YORK (Reuters) - Billionaire hedge fund founder Raj Rajaratnam and executives from some of the most prestigious U.S. companies were charged on Friday with the largest hedge fund insider-trading scheme ever.Source: Reuters: Business News | 16 Oct 2009 | 6:59 pm Wall St hit by Bank of America, GE resultsNEW YORK (Reuters) - U.S. stocks fell on Friday after disappointing results from General Electric Co and Bank of America Corp demonstrated the road to economic recovery will be bumpy.Source: RSS feed - channel BNewsBusiness | 16 Oct 2009 | 6:58 pm Weekend Investor: Regional lenders bank on failureThe wave of bank failures washing over the U.S. is creating opportunities for regional lenders that are strong enough to pick up the debris, with help from the Federal Deposit Insurance Corp.
Source: MarketWatch.com - Top Stories | 16 Oct 2009 | 6:20 pm Madoff's Montauk mansion sells for $9.4 millionRead full story for latest details.Source: Business and financial news - CNNMoney.com | 16 Oct 2009 | 6:04 pm Optimism drives markets ahead on crash anniversaryStock markets on both sides of the Atlantic hit their highest levels for more than a year this week amid growing optimism about an economic recovery. Source: Latest Business News from Times Online | 16 Oct 2009 | 6:01 pm UBS banker Robin Budenberg rules out UK Financial Investments postRobin Budenberg, a senior banker at UBS in London, has privately ruled himself out of the running to become the next chief executive of UK Financial Investments (UKFI), The Times has learnt. Source: Latest Business News from Times Online | 16 Oct 2009 | 6:01 pm Mothercare moves in to take care of India’s babiesMothercare plans to open 200 stores in India to capitalise on the world’s biggest baby population. Source: Latest Business News from Times Online | 16 Oct 2009 | 6:01 pm News Corp seeks retransmission feesRupert Murdoch opened a new front in his battle to obtain “fair compensation” for content produced by his media companies, by saying he would be seeking fees from American cable and satellite operators to carry his Fox television network. Source: Latest Business News from Times Online | 16 Oct 2009 | 6:01 pm Post Office sets up bank deal for assault on the mortgage marketThe Post Office is to launch a major assault on the mortgage market on Monday with its first tracker deal and a rate cut on some existing products. Source: Latest Business News from Times Online | 16 Oct 2009 | 6:01 pm Burgers for ever? Why not fast food with a conscience, asks Itsu chiefJulian Metcalfe, the co-founder of Pret A Manger, is drawing up plans to challenge the fast-food behemoths by turning Itsu, his sushi bar chain, into a concept that will offer “fast food with a conscience”. Source: Latest Business News from Times Online | 16 Oct 2009 | 6:01 pm What's wrong with walking away from deals?Few aspects of human nature have been more important in shaping the business world than the fear of being thought a wimp. No one understood that better than Bruce Wasserstein, the celebrated dealmaker who died this week aged just 61. Source: Latest Business News from Times Online | 16 Oct 2009 | 6:01 pm Clinton Cards banks £13.5m from Birthdays buybackClinton Cards made a £13.5 million profit from buying back Birthdays a month after it had put the chain into administration. Source: Latest Business News from Times Online | 16 Oct 2009 | 6:01 pm Dress code gets lost in translation at Nomura’s Tokyo officeExactly a year after Nomura made its successful lunge for Lehman Brothers, the official line in Tokyo is that the merger is running like clockwork. Source: Latest Business News from Times Online | 16 Oct 2009 | 6:01 pm Sale of Opel to Magna in danger after EC warningThe proposed sale of General Motors’ Opel business to Magna International, the Canadian auto parts maker, was thrown into doubt yesterday after the European Commission (EC) warned that Germany’s planned state aid for Opel may breach competition rules. Source: Latest Business News from Times Online | 16 Oct 2009 | 6:01 pm Third-quarter earnings mock timid expectationsInitial results have far outpaced analysts' expectations. It shows how just how badly beaten down expectations were, but this latest batch of corporate report cards is helping soothe those fears.
Source: MarketWatch.com - Top Stories | 16 Oct 2009 | 5:52 pm Taxing Times: Low inflation means fewer tax breaksInflation: You can’t live with it, and sometimes, apparently, it’s tough to live without it.
Source: MarketWatch.com - Top Stories | 16 Oct 2009 | 5:26 pm U.S. charges billionaire Rajaratnam with record insider trading (Reuters)Reuters - Billionaire hedge fund founder Raj Rajaratnam and executives from some of the most prestigious U.S. companies were charged on Friday with the largest hedge fund insider-trading scheme ever.Source: Yahoo! News: Business | 16 Oct 2009 | 5:22 pm U.S. charges billionaire Rajaratnam with record insider trading (Reuters)Reuters - Billionaire hedge fund founder Raj Rajaratnam and executives from some of the most prestigious U.S. companies were charged on Friday with the largest hedge fund insider-trading scheme ever.Source: Yahoo! News: Stock Markets News | 16 Oct 2009 | 5:22 pm U.S. charges billionaire Rajaratnam with record insider trading (Reuters)Reuters - Billionaire hedge fund founder Raj Rajaratnam and executives from some of the most prestigious U.S. companies were charged on Friday with the largest hedge fund insider-trading scheme ever.Source: Yahoo! News: Business | 16 Oct 2009 | 5:22 pm US budget deficit hit a record $1,400bnThe US budget deficit hit a record $1,400bn in the last fiscal year as the government tried to spend its way out of recession, slightly less than expected but still more than three times that of 2008Source: Financial Times - US homepage | 16 Oct 2009 | 5:08 pm Latin American Markets: Mexico's long stretch of equity advances endsA broad-based sell-off among Mexican equities on Friday snaps the longest winning streak in more than five years, and the country's currency loses ground against the greenback after a tumble in stocks on Wall Street.
Source: MarketWatch.com - Top Stories | 16 Oct 2009 | 5:07 pm Canadian Markets: Material stocks aid Canada out of the redCanadian shares eke out a slight gain, as gold stocks and defensive plays including consumer-staple issues offset declines in the energy group.
Source: MarketWatch.com - Top Stories | 16 Oct 2009 | 5:06 pm Dow can't hold 10,000Stocks slumped Friday, at the end of an upbeat week on Wall Street, as a sour response to General Electric and Bank of America's quarterly results gave investors a reason to retreat.Source: Business and financial news - CNNMoney.com | 16 Oct 2009 | 5:05 pm Pin reminder security scrutinisedA system used by a bank to help customers who have forgotten their Pin number has major security flaws, the BBC learns.Source: BBC News | Business | World Edition | 16 Oct 2009 | 5:02 pm Presented By:Source: Dealbreaker | 16 Oct 2009 | 4:57 pm Dear Galleon GroupiesFrom: Bob Wood 
 Sponsored Topics: GalleonGroup - Business - Investing - Funds - Hedge fund Source: Dealbreaker | 16 Oct 2009 | 4:57 pm Bank of America reports $1bn lossBank of America, the fourth big US bank to report, says it made a $1bn (£612m) net loss from July to September.Source: BBC News | Business | World Edition | 16 Oct 2009 | 4:57 pm Ludtke on Accuride Bankruptcy, Welty on Financial Stocks: AudioSource: Bloomberg - All Podcasts | 16 Oct 2009 | 4:37 pm BofA swings to $1 billion lossCHARLOTTE, N.C./NEW YORK (Reuters) - Bank of America Corp posted a $1 billion quarterly loss on Friday as consumer credit woes eclipsed investment banking earnings, underlining why the bank remains on a government respirator.Source: Reuters: Business News | 16 Oct 2009 | 4:29 pm Write-Offs: 10.16.09$$$ Why Did Bank of America Post a Billion-Dollar Drop? [The Atlantic] $$$ Marc Rich Details His Iran Oil Deals [NYT] $$$ "If they're too big to fail, they're too big," Greenspan said today. "In 1911 we broke up Standard Oil -- so what happened? The individual parts became more valuable than the whole. Maybe that's what we need to do." [BS] $$$ Andrew Ross Sorkin's book is big [BI] $$$ Job of the Week: Unicorn Investment Bank needs a Senior Director. You. [DB Career Center] $$$ Blankfein says Goldman would not have taken federal money if he had seen the bonus backlash ahead. [Fortune]
Sponsored Topics: Investment Banks - Business - Bank of America - Lloyd Blankfein - Andrew Ross Sorkin Source: Dealbreaker | 16 Oct 2009 | 4:23 pm Stocks to Watch: Stocks in focus for MondayAmong the companies whose shares are expected to see active trade in Monday's session are Apple Inc., Texas Instruments Inc. and Gannett Co.
Source: MarketWatch.com - Top Stories | 16 Oct 2009 | 4:23 pm Why my city is best for small businessesWe asked entrepreneurs in all 50 Best Places to Launch how their hometown treats business owners. See how the cities stack up.Source: Business and financial news - CNNMoney.com | 16 Oct 2009 | 4:10 pm Bank of America, GE results push stocks lower (AP)
Source: Yahoo! News: Stock Markets News | 16 Oct 2009 | 4:07 pm AIG, Greenberg in settlement talks: reportNEW YORK (Reuters) - American International Group Inc and its former Chief Executive Maurice "Hank" Greenberg are in advanced talks to settle their legal disputes, the Wall Street Journal reported on Friday.Source: Reuters: Business News | 16 Oct 2009 | 4:03 pm AIG, Greenberg in settlement talks: report (Reuters)Reuters - American International Group Inc and its former Chief Executive Maurice "Hank" Greenberg are in advanced talks to settle their legal disputes, the Wall Street Journal reported on Friday.Source: Yahoo! News: Business | 16 Oct 2009 | 4:03 pm Opel's German aid may break rulesBrussels warns Germany's planned state aid for Opel may breach competition rules, raising the prospect of its sale being halted.Source: BBC News | Business | World Edition | 16 Oct 2009 | 4:01 pm More BBQ Factory closuresUnconfirmed reports today suggest the BBQ Factory is closing almost half of its remaining 12 outlets in New Zealand.A staff member told nzherald.co.nz that five more stores closed yesterday.This follows the previous closure...Source: nzherald.co.nz - Business | 16 Oct 2009 | 4:00 pm GE figures fail to reassure Wall StGeneral Electric disappointed investors seeking proof of a recovery in the global economy when the bellwether conglomerate reported lower-than-expected quarterly salesSource: Financial Times - US homepage | 16 Oct 2009 | 3:57 pm Stimulus jobs report 'rife with mistakes'Gaffes in federal reports this week about stimulus have called into question the government's ability to accurately track how many jobs are being created by the massive $787 billion Recovery Act.Source: Business and financial news - CNNMoney.com | 16 Oct 2009 | 3:51 pm U.S. deficit biggest since 1945It's officially official.Source: Business and financial news - CNNMoney.com | 16 Oct 2009 | 3:50 pm Rehab for the rich and famousI am standing face to face with a 1,200-pound quarter horse named Rio, trying with every nerve, muscle, and conscious thought to project a sense of calm authority. I know nothing about horses, but Rio seems to be buying it.Source: Business and financial news - CNNMoney.com | 16 Oct 2009 | 3:48 pm Rajaratnam Gal-Pal Danielle Chiesi Feared Losing Career, Ending Up "Like Martha"
Sponsored Topics: Martha Stewart - Home - Homemaking - Celebrity Homemakers - United States Source: Dealbreaker | 16 Oct 2009 | 3:32 pm Wal-Mart and Amazon clash over book salesWal-Mart and Amazon continued a price war on Friday as the retail heavyweights vie for online book sales ahead of the critical holiday shopping season.Source: Business and financial news - CNNMoney.com | 16 Oct 2009 | 3:26 pm Morningstar broke rule Nasdaq rule (AP)AP - Morningstar Inc., an investment information provider, broke a Nasdaq rule that prohibits members of its board's audit committee from getting direct or indirect compensation from the firm other than their board pay.Source: Yahoo! News: Stock Markets News | 16 Oct 2009 | 3:17 pm How the major stock indexes fared on Friday (AP)AP - Stocks ended a strong week with a flash of selling after Bank of America Corp. and General Electric Co. signaled that businesses and consumers are still struggling to pay off their debts. Stocks slid Friday as results from the companies dented hopes that earnings would show strong signs of improvement in the July-September period. A rise in oil also helped the market end well off its lows, following a similar pattern from earlier in the week.Source: Yahoo! News: Stock Markets News | 16 Oct 2009 | 3:14 pm Audit questions FHA's ability to screen lenders (AP)AP - The government's mortgage insurance agency is doing a poor job of screening lenders that enter the program, an internal audit has found.Source: Yahoo! News: Business | 16 Oct 2009 | 2:56 pm BofA swings to $1 billion loss (Reuters)
Source: Yahoo! News: Business | 16 Oct 2009 | 2:48 pm Sagging consumer view tempers output optimism (Reuters)
Source: Yahoo! News: Business | 16 Oct 2009 | 2:47 pm Sagging consumer view tempers output optimismNEW YORK (Reuters) - U.S. consumer sentiment fell unexpectedly this month, tempering optimism inspired by news of a rise in U.S. industrial production in September for a third consecutive month.Source: Reuters: Business News | 16 Oct 2009 | 2:47 pm Wall St hit by Bank of America, GE results (Reuters)
Source: Yahoo! News: Stock Markets News | 16 Oct 2009 | 2:46 pm Wall St hit by Bank of America, GE results (Reuters)
Source: Yahoo! News: Business | 16 Oct 2009 | 2:46 pm Podcast: Insurance For A Hedgehog
For Harriet's owners, the health insurance premiums are worth it. (Kristin Zorbini Bongard) On today's Planet Money: We give a sneak preview of our upcoming This American Life special on health insurance, airing on a public radio station near you. How much would you pay to protect someone or something you love? Kristin Zorbini Bongard and her husband love their pet hedgehog, Harriet, so much that they spend about $80 a year on health insurance for her. Even with the coverage, they shelled out $1,911.20 for the hedgehog's cancer treatment. Economist Tim Harford, the Financial Times' Undercover Economist, who admits to not being a pet person, says the problem with pet insurance is not that it's for pets. It's that it causes waste, because you're spending someone else's money. Bonus: After the jump, an economic riddle about sports and parking. Download the podcast; or subscribe. Intro music: Porno For Pyros' "Pets." Find us: Twitter/ Facebook/ Flickr. Jesse Boehm writes from Boston, where the hometown baseball team routinely sells out Fenway Park: Just returned from watching the Red Sox get swept by the Angels -- very painful. As I was leaving the game, I came across an interesting "economic" situation -- something I've always wondered about. The parking lots near the game normally charge $25 to park for the game. This is the same throughout the year. However, for playoff games, they charge $50 (or more -- they used to charge $75-$100 before the city stepped in). Charging more for the actual tickets makes sense to me since there is some added value in attending a big game. But it seems to me that there is something interesting going on here with the parking. It's not a supply and demand issue since there are the same number of fans attending the game and wanting parking. If the lots could get $50 per spot, they would charge this all the time. So there must be something behavioral that allows people to rationalize paying more to park their cars since it's the playoffs. People must actually think that it is worth more to park during the playoffs! Are there parallels to this "perceived value" in the wider world of economics? » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 16 Oct 2009 | 2:43 pm Six charged in $20m insider trade caseBillionaire investor Raj Rajaratnam and present and former executives of Bear Stearns, IBM, Intel and McKinsey were charged on Friday in an alleged insider trading scheme that US prosecutors called the biggest ever involving hedge fundsSource: Financial Times - US homepage | 16 Oct 2009 | 2:41 pm 52-Week High ClubTempur-pedic International Inc (NYSE: TPX) shares rallied over 3% to a yearly high of $22.29 after the company raised its FY09 estimates yesterday afternoon. Columbia Sportswear (NASDAQ: COLM) hit a yearly high of $44.41 after the company was upgraded by analysts at Sterne Agee. Google Inc (NASDAQ: GOOG) shares rallied over 3% to a yearly high of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Oct 2009 | 2:13 pm Throwing Down The Gauntlet: Why Haven't Stevie, Ken, L-Train or Einhorny Made Their Own Rap Videos Yet?
Sponsored Topics: Ken - Gauntlet - United States - Recreation - Hip hop Source: Dealbreaker | 16 Oct 2009 | 2:10 pm Stagecoach considers merger with National ExpressStagecoach chief Brian Souter mulls an allshare bid for NatEx whose private equity suitor CVC walked away from a £765m deal.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Oct 2009 | 2:02 pm Swiss farm-buy okayedA Swiss property investment syndicate has got the go-ahead from the Overseas Investment Office to buy a sheep and beef station near Gisborne for $6.4 million. The deal will add Mangatoto Station, 55km south of Gisborne, to the syndicate's...Source: nzherald.co.nz - Business | 16 Oct 2009 | 2:00 pm Countdown to next crisisAdd a little bit of risk here, a sprinkling of financial ‘innovation’ there, spice it up with greed to taste, let it simmer for a few years and, before you know it, you have a fully-baked hot crisis on your handsSource: Financial Times - US homepage | 16 Oct 2009 | 1:56 pm B of A problems could be a lot worseAlthough much attention has been given to the CEO of Bank of America having his salary and bonus revoked, the real news is the bank's billions of dollars in losses. Yet, while the situation looks bleak, it could be a lot worse. Alisa Roth reports.Source: Marketplace | 16 Oct 2009 | 1:54 pm Jobless flock to sign up for the militaryThe nation's armed services wrapped up a record year for recruiting as a withering job market and bigger bonuses trumped two unpopular wars.Source: Business and financial news - CNNMoney.com | 16 Oct 2009 | 1:53 pm Summers urges financial firms on regulationNEW YORK (Reuters) - All financial firms have benefited from U.S. taxpayer support and must yield to efforts to tighten regulation to prevent a future crisis, U.S. President Barack Obama's top economic adviser said on Friday.Source: Reuters: Business News | 16 Oct 2009 | 1:52 pm Weekly Wrap: Numbers besides 10,000There were some meaningful numbers in the news this week beyond the Dow's 10,000 mark. Kai Ryssdal looks into Wall Street profits and losses with Felix Salmon from Reuters and business writer Heidi Moore.Source: Marketplace | 16 Oct 2009 | 1:52 pm Is government letting dollar weaken?Obama administration officials are talking about the importance of a strong greenback. But people in the currency markets say it's pretty obvious the White House is saying one thing while doing another. Bob Moon reports.Source: Marketplace | 16 Oct 2009 | 1:48 pm EU roadblock threatens Opel dealThe EU competition commissioner threw up a serious roadblock to the proposed sale of General Motors’ Opel business over German aid conditions included in the dealSource: Financial Times - US homepage | 16 Oct 2009 | 1:48 pm 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 | 16 Oct 2009 | 1:47 pm National Express must still want a deal after a brush with private equityWhatever Natex is saying following CVC's11thhour withdrawal chairman John Devaney must still favour a sale writes Alistair Osborne.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Oct 2009 | 1:46 pm Bank of America reports $1bn lossBank of America posted a $1bn loss for the third quarter, as continuing problems with consumer credit hurt earnings and threatened to hamper BofA’s results into 2010Source: Financial Times - US homepage | 16 Oct 2009 | 1:43 pm House could make Fed open booksWhen the Fed bought trillions of dollars worth of assets and debt from struggling banks, it never divulged where the money went. Next week, the House Financial Services Committee will vote on whether to change that. John Dimsdale reports.Source: Marketplace | 16 Oct 2009 | 1:43 pm Ferrovial deserves some sympathyNow for a CATfight. On Monday the Competition Appeal Tribunal hosts BAA v Competition Commission - a scrap foreign investors into Britain must watch writes Alistair Osborne.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Oct 2009 | 1:37 pm Galleon: This Came As A SurpriseThe Galleon Group, whose founder Raj Rajaratnam was arrested today for insider trading, has stated that they were "shocked" to hear the boss had been escorted out of his apartment building, and had "no knowledge" that the FBI and SEC were listening in on Raj and Co's convos. According to Big G, the firm is "highly liquid" at this time.
Sponsored Topics: Galleon Group - InsiderTrading - Raj Rajaratnam - Business - U.S. Securities and Exchange Commission Source: Dealbreaker | 16 Oct 2009 | 1:37 pm The car that drives itselfIn my rusted jalopy, a 1991 Volvo 240 sedan, I have installed the future.Source: Business and financial news - CNNMoney.com | 16 Oct 2009 | 1:35 pm MPs don't have a Legg to stand onWhat a flippin' outrage. You've got to feel for our MPs returning to the Duck Houses of Parliament after their 12week summer break writes Alistair Osborne.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Oct 2009 | 1:35 pm Why 'smart guys' headed to Wall StreetAt one point, those who worked at Wall Street weren't considered top-tier class. But according to author Calvin Trillin's latest column in the New York Times, the high cash lured in smarter people. Kai Ryssdal talks to Trillin about what that means.Source: Marketplace | 16 Oct 2009 | 1:32 pm Presented Without Comment
According to on-set sources, Shia LaBeouf has been shadowing real traders and trying his hand at the stock exchange and winning huge sums. An insider tells Star magazine, "He's been learning the ins and outs of the market. Shia says that he's made more than $50,000 already."
Sponsored Topics: Shia LaBeouf - Business - Investing - Stocks and Bonds - Equities Source: Dealbreaker | 16 Oct 2009 | 1:30 pm BoA axes Ken Lewis's pay as it crashes to 1bn lossChasm between consumer and investment banking in the US is laid bare with news that BoA will this year pay its chief executive nothing.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Oct 2009 | 1:26 pm Lessons from 'The Tao of Wu'Hip-hop artist The RZA of Wu-Tang Clan talks with Kai Ryssdal about balancing hip-hop and the message of money, and his thoughts on the economy. It's part of our series, "Taking Stock." We also offer an excerpt from his book, "The Tao of Wu."Source: Marketplace | 16 Oct 2009 | 1:20 pm Medtronic mooted as a buyer for Smith & Nephew as FTSE slides furtherOnce again there was a buzz around Smith & Nephew of Friday.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Oct 2009 | 1:03 pm Bank of America Turns A Profit
On Friday, just after Bank of America announced a billion-dollar loss in the third quarter, a deed in city records showed that the massive firm had sold off its corporate apartment in the Time Warner Center for $7.2 million. On the bright side, it cost $6.35 million to buy three years ago.
Sponsored Topics: Bank of America - Business - New York City - Financial Services - Banking Services Source: Dealbreaker | 16 Oct 2009 | 1:03 pm Roman Abramovich left sucking on fresh air at Frieze Art FairChelsea owner found it easier to get into London's Frieze Art Fair than out.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Oct 2009 | 12:54 pm IShares to Offer First ETF Tracking Brazilian Industry: AudioSource: Bloomberg - All Podcasts | 16 Oct 2009 | 12:51 pm Colin Keogh's Close call for cashAny idea that Colin Keogh exchief executive of boutique investment bank Close Brothers left under a cloud has just disappeared like mist on a hot summer day.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Oct 2009 | 12:48 pm Trading halted on Nasdaq's options floor (AP)AP - Trading on the floor of the Nasdaq stock market's Philadelphia Stock Exchange has been halted after technical problems.Source: Yahoo! News: Stock Markets News | 16 Oct 2009 | 12:47 pm Recession is becoming a real grindTension from the bad economy is taking a toll on many people's teeth. And dealing with stress-related dental problems can lead to big bites out of their pocketbooks. Curt Nickisch reports.Source: Marketplace Money | 16 Oct 2009 | 12:44 pm Who Cooperated With The FBI On Galleon?Who is "CW," the FBI's confidential witness? Or should we be asking where is Galleon's CEO and co-founder Gary Rosenbach in these charges? Rosenbach co-founded Galleon in 1997 and was listed as a co-portfolio manager in the main Galleon International fund.
Sponsored Topics: Federal Bureau of Investigation - Business - Investing - FBI - Portfolio manager Source: Dealbreaker | 16 Oct 2009 | 12:40 pm Bruce Wasserstein leaves 185m legacyThe family trust of the late Lazard chairman Bruce Wasserstein is to benefit from a 185m £113m fillip following the legendary dealmaker's death earlier this week.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Oct 2009 | 12:38 pm A juvenile, delinquent on his paymentsElizabeth Lord and her 8-year-old son, Xander, tell about their allowance system, which taught him about paying back what he got on credit.Source: Marketplace Money | 16 Oct 2009 | 12:38 pm 'Scrubs' star gives finances urgent careBefore Donald Faison became a star on the hit TV series "Scrubs," he was a struggling actor clueless about money. Faison talks with Tess Vigeland about the money lessons he has learned over the years.Source: Marketplace Money | 16 Oct 2009 | 12:38 pm Comments from our listenersTess Vigeland lets listeners do the talking by airing their opinions about a couple who worked off $100,000 in debt, the freelance life, and why credit cards cause us to spend more money.Source: Marketplace Money | 16 Oct 2009 | 12:37 pm A tip for young people: Save and investTess Vigeland talks to Stuart Ritter, a financial planner with T. Rowe Price, about what people in their 20s should be doing with their money after seeing the recent downturn in the markets.Source: Marketplace Money | 16 Oct 2009 | 12:37 pm Getting PersonalTess Vigeland and Kiplinger's Kim Lankford tackle listeners' questions about employers' 401(k) contributions, how to make the most out of selling a rental property, and more.Source: Marketplace Money | 16 Oct 2009 | 12:37 pm The Marketplace Money Prize goes to ...WEB EXCLUSIVE: Forget the Nobel Prize for economics, Marketplace's Chris Farrell wants to hand out his own award: The Marketplace Money Prize in Personal Finance. And the winner is ...Source: Marketplace Money | 16 Oct 2009 | 12:37 pm Yara International Raised to `Buy’ at UBS: AudioSource: Bloomberg - All Podcasts | 16 Oct 2009 | 12:36 pm Kathmandu float nearsGoldman Sachs JBWere and Quadrant Private Equity plan to file a prospectus next week for a stock market float of camping goods retailer Kathmandu, a source familiar with the situation said yesterday. Media reports have said a...Source: nzherald.co.nz - Business | 16 Oct 2009 | 12:30 pm Martha Stewart & Kmart Get a Divorce (MSO, SHLD, HD)Martha Stewart Living Omnimedia Inc. (NYSE: MSO) has just released a headline titled “Martha Stewart Living Omnimedia Issues Statement.” Unfortunately, this ’statement’ is that the relationship between Martha and Sears Holdings Corporation (NASDAQ: SHLD) in Kmart is not being renewed. We suspected something of this magnitude when the The Home Depot, Inc. (NYSE: HD) pact [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Oct 2009 | 12:29 pm Barclays wins review of PPI banBarclays has successfully won a review of the rules on selling payment protection insurance PPI - a policy designed to allow borrowers to keep up loan repayments in the event of a loss of income.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Oct 2009 | 12:28 pm FBI: We Used The Same Technology On These Hedge Fund Guys As We Do On The MobSo, uh, how exciting is that!
Sponsored Topics: Hedge fund - Business - Investing - Funds - Federal Bureau of Investigation Source: Dealbreaker | 16 Oct 2009 | 12:26 pm Afghan poll saga hits US troop planThe timing of Barack Obama’s much-awaited decision on how many new troops to send to Afghanistan has been thrown into further doubt amid mounting global speculation that Hamid Karzai, the Afghan president, may face a second round election run-offSource: Financial Times - US homepage | 16 Oct 2009 | 11:59 am Market regulators urge tougher enforcementWASHINGTON (Reuters) - U.S. securities and futures regulators asked Congress on Friday for more authority to police their markets, including legislation to help rein in insider trading in the commodity futures markets.Source: Reuters: Business News | 16 Oct 2009 | 11:55 am Market regulators urge tougher enforcement (Reuters)Reuters - U.S. securities and futures regulators asked Congress on Friday for more authority to police their markets, including legislation to help rein in insider trading in the commodity futures markets.Source: Yahoo! News: Stock Markets News | 16 Oct 2009 | 11:55 am Asia’s richest man takes 66% pay cutMukesh Ambani who is spending about $1bn to build a lavish 27-storey house and buy his wife a luxury Airbus jet, this week gave himself a 66 per cent pay cut ‘to set an example of moderation’Source: Financial Times - US homepage | 16 Oct 2009 | 11:46 am This Week’s LinksHarrison Barnes‘ site offers eloquent, useful advice for jobseekers and others. Yep Yep–just in case you need an entertaining time-wasting site today. The Fed’s assets are looking pretty psychedelic since the bailout began (via Brian Sullivan). 25 business lessons from “It’s Always Sunny in Philadelphia” (via Wall Street Fighter). The Oxycontin Express is a fascinating documentary on Florida’s burgeoning prescription drug dealing economy.
Source: Business Pundit | 16 Oct 2009 | 11:41 am GE earnings trip up Wall Street rallyBOSTON (Reuters) - General Electric Co helped to pull the plug on Wall Street's recovery rally on Friday, reporting sales that missed expectations and cautioning that recovery from the brutal recession would be gradual.Source: Reuters: Business News | 16 Oct 2009 | 11:34 am Wrightson stake soldSilver Fern Farms says it has sold 10 million shares in PGG Wrightson on the market in a range between 73c and 79c a share. Silver Fern Farms gave notice of an intention to sell some or all of its shares in PGG Wrightson a month...Source: nzherald.co.nz - Business | 16 Oct 2009 | 11:30 am Next Week’s Top 10 Earnings on Deck (AAPL, UNH, YHOO, FCX, WFC, T, MCD, POT, MSFT, SLB)We have almost an endless wave of corporate earnings for the calendar Q3-2009 coming out next week. We have what looks to be over 100 of the S&P 500 Index members reporting and what appears to be 12 current or ex-DJIA components reporting earnings as well. Coming up with a Top 10 is almost unfair, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Oct 2009 | 11:12 am Economy hits elderly immigrants hardElderly immigrants are being forced to postpone retirement because of the recession. But they're having trouble finding work, and get little in the way of government assistance. Jeff Tyler reports.Source: Marketplace Money | 16 Oct 2009 | 11:06 am Is the FDIC still in good health?Tess Vigeland talks to banking analyst Karen Petrou about the continuing banking crisis and whether the Federal Deposit Insurance Corporation is healthy enough to cover failed banks.Source: Marketplace Money | 16 Oct 2009 | 11:05 am Pension funds turn back the clockWhen the economy tanked, government workers watched their pension funds dwindle. Now, in an effort to recover the cash, some funds are resorting to the kind of risky investments that led to the financial crisis in the first place.Source: Marketplace Money | 16 Oct 2009 | 11:05 am Summers: Financial Train Wrecks Mark A GenerationBy Laura Conaway If you had any doubt that this is the Recession Generation, just take it from Larry Summers. The White House economic adviser is scheduled to address the Economist's Buttonwood Gathering in New York today. The White House sent over Summers' prepared remarks, including this bit (links added): Think about it. The last generation has seen:
One crisis every three years. Surely a system that produces this many accidents and accidents this severe is a system that is in very much need of reform. In the prepared remarks, Summers goes on to praise the House Financial Services Committee for moving to regulate derivatives and makes no mention of the exemption for 98 percent of banks from independent exams by a new consumer protection agency. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 16 Oct 2009 | 11:00 am Edmunds: GM retail share to hit 22.4 pct in Oct. (AP)AP - General Motors Co.'s retail market share will climb to 22.4 percent in October, helped by new product launches and surging ad spending, according to a preliminary analysis by Edmunds.com.Source: Yahoo! News: Business | 16 Oct 2009 | 10:52 am UN backs Gaza war crimes reportThe UN Human Rights Council on Friday endorsed a damning report alleging war crimes by Israel and Hamas in the Gaza Strip, in the face of stiff opposition from America and IsraelSource: Financial Times - US homepage | 16 Oct 2009 | 10:39 am Worth Noting: Acer Passes Dell (DELL) Worldwide And Apple (AAPL) In USA number of media sources are reporting that Taiwan-based Acer has passed Dell (NASDAQ:DELL) to become the No. 2 PC-maker in the world. Research firm IDC reports that Hewlett-Packard (NYSE:HPQ) retained its spot as No.1 with a global market share of 20.2%. Acer’s share was 14% last quarter, up from 11% in the same period a [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Oct 2009 | 10:33 am US lets China off the hookWASHINGTON: The Obama Administration yesterday declined to name China as a country that is manipulating its currency to gain unfair trade advantages.The Treasury Department did say it had serious concerns about a lack of flexibility...Source: nzherald.co.nz - Business | 16 Oct 2009 | 10:30 am Warning Ireland may need IMF aidA senior Irish minister has for the first time warned Ireland could be forced to go to the International Monetary Fund for help if the country cannot implement the necessary cuts in the December budgetSource: Financial Times - US homepage | 16 Oct 2009 | 10:29 am Consumer Sentiment Skids AgainBy Laura Conaway The Dow Jones Industrial Average may have been heading toward 10,000, but you folks had the blues. From Bloomberg: The Reuters/University of Michigan preliminary index of consumer sentiment decreased to 69.4 from 73.5 in September, which was the highest in more than a year. Measures of expectations for six months ahead and current conditions both fell. The index averaged 87.3 in [the] 12 months leading to December 2007, when the recession began. The glum outlook might have something to do with the continued rise in unemployment and foreclosures. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 16 Oct 2009 | 10:13 am Building giant gets back on the jobAs shareholders in the country's largest NZX-listed company prepare for next month's annual meeting, Fletcher Building's fortunes are up - after taking a hammering last year.The company's share price rallied from $5.13 in March...Source: nzherald.co.nz - Business | 16 Oct 2009 | 10:00 am Wrightson soars after Chinese buy stakePGG Wrightson has staved off market fears of a potential collapse after reaching a deal to sell a 13 per cent stake to Chinese agricultural company Agria.Shares in New Zealand's largest rural services provider soared more than...Source: nzherald.co.nz - Business | 16 Oct 2009 | 10:00 am Road to recovery remains rockyFinance Minister Bill English is sceptical that the recent upsurge in confidence foreshadows an economic future much rosier than his May Budget assumed.Budget forecasts outlined a gradual recovery, that after contracting last...Source: nzherald.co.nz - Business | 16 Oct 2009 | 10:00 am Books focus of chain's $22m expansionRetailer Paper Plus is unveiling a $22 million store expansion and refurbishment plan as it shifts to a greater focus on bookselling.It will revamp all of its 104 stores nationwide over the next two years and open up to 25 new...Source: nzherald.co.nz - Business | 16 Oct 2009 | 10:00 am Hunter Says 22% of Prime Loans in Florida Are Overdue: AudioSource: Bloomberg - All Podcasts | 16 Oct 2009 | 9:42 am Darda Sees Fed Policy Makers ‘Dovish’ on Raising Rates: AudioSource: Bloomberg - All Podcasts | 16 Oct 2009 | 9:29 am Ken Lewis Gives Up Pay. Plus: Where The Stimulus Jobs AreBy Laura Conaway Good morning, and welcome to the Friday news wrap-up. Bank of America lost $2.24 billion in the third quarter, as defaults rise in its credit card, home loans and insurance lines. Outgoing chief Ken Lewis says he'll go without pay for 2009, though he still stands to get a pension of $53 million and $57million in bank stock. Rep. Barney Frank's House Financial Services Committee approved new rules on derivatives trading, and carved out an exemption from Consumer Financial Protection Agency exams for 98 percent of the nation's financial institutions. The federal stimulus program is creating jobs -- mostly in states where employment is already low. The eurozone opened a trade deficit in August after having a surplus in July. One factor is the relative strength of the euro, which makes European goods more expensive for the rest of the world. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 16 Oct 2009 | 8:49 am US industrial output rises againUS industrial production rose by 0.7% in September, more than expected, the latest official figures show.Source: BBC News | Business | World Edition | 16 Oct 2009 | 8:36 am This Week’s Weird Jobs
This week’s weird jobs hold a lot of potential to be evil. You can “poke fun” at the Fed–or verbally slaughter it. You can pretend to be an FBI agent. Or drive around taking blood vials for people–and get paid based on how many you collect. At the end of the day, however, you can make up for your bad deeds by working for good karma: 1. Los Angeles: Poke-fun at the government and the Federal Reserve–full time $50-100K A talented and prolific writer/editor is needed to help us poke-fun at the economy, the government, and the Federal Reserve. Your writing style should be confident and conversational with a touch of dry wit and sarcasm. The subject matter is global economics, monetary history, and precious metals. This is a fun, fun, fun job. Remember: The Fed is funny. Funny. We’ll call you out when your humor gets mean. Which it probably will. 2. Los Angeles: Actors to play FBI Agents Amazing low budget movie need Actors to play FBI Agents. we need guys and girls to play FBI agents pay is $50 at the end of the shoot (about 5 hours). Please bring a suit and call if you are would like to be apart of this movie. We would like to discourage you from bringing real weapons to the set. 3. Los Angeles: Experienced Bankruptcy Attorney Need For California Firm Prominent California bankruptcy firm has an immediate opening for an experienced attorney. Prior bankruptcy experience is a must. The firm specializes in chapter 7 and 13 bankruptcy filings. A very competitive salary and bonus program will be offered to the right candidate. This California firm needs a bankruptcy attorney. So does California. Looking for licensed Phlebotomists to be a part of a new mobile company focused on the accurate and timely collection of laboratory specimens throughout the San Francisco area. If you have reliable transportation that’s insured and would like to make extra income feel free to respond with your contact information and or resume if possible. Background checks will be performed on every applicant (No worries – we are very understanding). • Compensation: Per collection Does the prospect of roaming phlebotomists getting paid per collection make anyone else nervous? 5. Online Activist Interns Want to help save civilization from ecological/social collapse? Want to help heal our planet and transform America and the world’s economies into ones that are green and sustainable? We need one web designer to make the site launch-ready and many others to help spread the word online to social networks, organizations, the press and individuals. • Compensation: Unpaid but with lots of satisfaction and good karma. Happy Friday!
Source: Business Pundit | 16 Oct 2009 | 8:28 am Palomar Dumped by J&J (PMTI, JNJ)Palomar Medical Technologies Inc. (NASDAQ: PMTI) is getting hit very hard. The company issued a press release saying “Palomar to Commercialize FDA Cleared Over-The-Counter Home Use Wrinkle Treatment Laser Device Without Johnson & Johnson.” It turns out that Johnson & Johnson (NYSE: JNJ) dumped Palomar, just like a bride not showing up to an engagement [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Oct 2009 | 8:16 am Cohan Calls Lazard `Beacon' for How Wall Street Can Act: AudioSource: Bloomberg - All Podcasts | 16 Oct 2009 | 8:15 am Carnell Sees `Genuine Gains’ in U.S. Jobs Market: AudioSource: Bloomberg - All Podcasts | 16 Oct 2009 | 7:47 am Blow to insurance restrictionsPlans to restrict the sale of the controversial payment protection insurance have been dealt a blow.Source: BBC News | Business | World Edition | 16 Oct 2009 | 7:46 am Keeble Sees U.S. 10-Year Yield as High as 4.25% in 2010: AudioSource: Bloomberg - All Podcasts | 16 Oct 2009 | 7:46 am Stewart Says Business Access to Credit Still Difficult: AudioSource: Bloomberg - All Podcasts | 16 Oct 2009 | 7:40 am IPO ALERT: China Real Estate Information Involves Other Companies (CRIC, EJ, SINA)China Real Estate Information Corporation (NASDAQ: CRIC) has priced its 18 million share initial public offering at $12.00 per share. While this is not an easy structure, this IPO has ramifications for two other big Chinese public companies. CRIC is a subsidiary of E-House (China) Holdings Limited (NYSE: EJ) and it will merge with the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Oct 2009 | 7:21 am Today’s Best Market Rumors (10/16/2009) (AKAM)(KFT)(BRCD)(MSFT)Updated throughout the day. Update 10:41 AM EST: Two traders calling Dendreon Corp. (NASDAQ: DNDN) as a takeover stock, again… We are inclined to treat this as a failed Friday rumor that is trader-generated or chat-room-generated rather than credible as this rumor comes up on many Friday mornings now (and stock is down 1.9%). -Jon Ogg China [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Oct 2009 | 7:18 am Harvard’s Ferguson Says Dollar to Fall Another 10%-20%: AudioSource: Bloomberg - All Podcasts | 16 Oct 2009 | 7:06 am Top Day Trader Alerts (GOOG, BAC, GE, AMD)We are seeing a far less amount of major movers with huge percentage gains and losses this morning. The top day trader alert stocks have been noted here with more detailed information in the links over to VSInvestor.com on each stock: Google Inc. (NASDAQ: GOOG) is hitting new 52-week highs after beating earnings. Bank of America Corporation [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Oct 2009 | 6:40 am Top 10 Analyst Upgrades, Downgrades, Initiations (AAPL, GOOG, CME, FFIV, HOG, ICE, NDAQ, NTRI, SGMS, URBN)These are the top ten stocks seeing analyst upgrades, downgrades, and initiations from Wall Street early this Friday morning: Apple Inc. (NASDAQ: AAPL) was given a cautious call from Oppenheimer, noting that it could report in-line or even slightly disappointing revenues of $9 to $9.2 billion. Google Inc. (NASDAQ: GOOG): Stifel Nicolaus raised target to $650; [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Oct 2009 | 6:12 am Rebranding AfricaThe tycoon who puts his money where his mouth isSource: BBC News | Business | World Edition | 16 Oct 2009 | 5:55 am Someone Give This Guy an Advertising Job
Source: Business Pundit | 16 Oct 2009 | 5:48 am Profits slump at General ElectricGeneral Electric reports a big drop in profits as the US conglomerate's finance arm is hit hard by the economic slowdown.Source: BBC News | Business | World Edition | 16 Oct 2009 | 5:41 am GE (GE) Takes On Water On Healthcare, Transportation, And Financial ResultsGE’’s (NYSE:GE) earnings were hurt by results from its financial unit, but that was only the beginning of the company’s problems. The conglomerate announced third-quarter 2009 earnings from continuing operations of $2.5 billion, or $0.22 per share, including the effect of $0.05 in restructuring and other charges, down 51% from the third quarter of 2008. Revenue [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Oct 2009 | 5:34 am Council pension fund assets fallThe value of assets held by local authority pension funds in England and Wales fell by £24bn, or 19%, in the last financial year.Source: BBC News | Business | World Edition | 16 Oct 2009 | 5:32 am Mail strike 'strategy is genuine'The head of the postal workers' union says he believes a leaked document showing Royal Mail's hard-line stance over strike action is genuine.Source: BBC News | Business | World Edition | 16 Oct 2009 | 5:16 am
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