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Royal Bank of Scotland to give huge bonusesTHE state-owned Royal Bank of Scotland is planning to hand out record bonuses of up to £5m each in a snub to struggling taxpayers. Source: Latest Business News from Times Online | 18 Oct 2009 | 2:31 pm Anger at Mail plan to hire tempsRoyal Mail's decision to hire 30,000 temporary staff to cope with a national strike is criticised by the postal workers' union.Source: BBC News | Business | World Edition | 18 Oct 2009 | 4:26 am Suicide bomber kills Iran GuardsRevolutionary Guards blamed ”foreign elements” linked to US for the killings, which underlined deepening instability in Iran’s south-eastSource: Financial Times - US homepage | 18 Oct 2009 | 3:43 am Nokia wins ITC ruling in case InterDigital filedNokia, the world's largest maker of mobile phones, won a ruling at the U.S. International Trade Commission that it didn't infringe patents held by InterDigital Inc.
Source: MarketWatch.com - Top Stories | 18 Oct 2009 | 3:08 am If offer to buy seems fishy, the money might be illicitMoney launderers are often in a hurry to buy a house without an agent, bargaining or an inspection, experts say.If anyone approaches you with an offer to buy your house that seems even the least bit out of the ordinary, there's a possibility that the money for the deal is coming from illegal drugs, prostitution or some other aspect of organized crime.
Source: L.A. Times - Business | 18 Oct 2009 | 1:00 am He knows all about being coolScreenwriter Dan Berendsen has written some of Disney Channel's most popular movies, including "The Cheetah Girls: One World," "Twitches" and "Wizards of Waverly Place: The Movie."The gig: The unofficial voice of "tween" America -- children between the ages of 9 and 14 -- Berendsen has written some of Disney Channel's most popular movies, including "The Cheetah Girls: One World," "Twitches" and "Wizards of Waverly Place: The Movie," which was the top-rated telecast of the year, attracting 13.5 million viewers. He also penned "Hannah Montana: The Movie," the big-screen adaptation of the popular television series, which grossed nearly $155 million in worldwide ticket sales. Filming just concluded on another project, "Camp Rock 2: The Final Jam," and he's polishing the script for "High School Musical: East Meets West."
Source: L.A. Times - Business | 18 Oct 2009 | 1:00 am DirecTV customer service leaves Station fire victim feeling burnedUntil it was called to account, the company was charging Ken Gray for the cost of satellite-TV receivers that, along with his house, had been reduced to ashes. ...Source: RSS feed - channel BNPaperBusiness | 18 Oct 2009 | 1:00 am States suing federal government for unclaimed war bonds$16.7 billion in certificates has yet to be cashed in. Six states now say that Treasury officials haven't tried to find the bondholders or their descendants, and that states have a right to the money...Source: RSS feed - channel BNPaperBusiness | 18 Oct 2009 | 1:00 am Co-worker makes personal phone calls all day longAnswering questions about the etiquette of business and money -- and, this month, children at work. Dear Alana: My co-worker who sits...Source: RSS feed - channel BNPaperBusiness | 18 Oct 2009 | 1:00 am FTC targets firms that promise quick fixes for consumers' credit problemsThe agency reaches legal settlements with two firms that allegedly demanded upfront fees to perform the credit repair - a violation of federal law - and then did little or nothing in return. ...Source: RSS feed - channel BNPaperBusiness | 18 Oct 2009 | 1:00 am How healthcare reform affects consumersThe debate over healthcare reform has given one topic short shrift: How would reform affect consumers?Source: RSS feed - channel BNPaperBusiness | 18 Oct 2009 | 1:00 am How healthcare reform affects consumersThe debate over healthcare reform has given one topic short shrift: How would reform affect consumers?
Source: L.A. Times - Business | 18 Oct 2009 | 1:00 am Toyota's runaway-car worries may not stop at floor matsA fatal accident in San Diego raises the question: Might a vehicle's complex electronic features make it hard for drivers to react quickly when accelerating out of control? ...Source: RSS feed - channel BNPaperBusiness | 18 Oct 2009 | 1:00 am Toyota's runaway-car worries may not stop at floor matsA fatal accident in San Diego raises the question: Might a vehicle's complex electronic features make it hard for drivers to react quickly when accelerating out of control?The 2009 Lexus ES 350 shot through suburban San Diego like a runaway missile, weaving at 120 miles an hour through rush hour freeway traffic as flames flashed from under the car.
Source: L.A. Times - Business | 18 Oct 2009 | 1:00 am He knows all about being coolScreenwriter Dan Berendsen has written some of Disney Channel's most popular movies, including "The Cheetah Girls: One World," "Twitches" and "Wizards of Waverly Place: The Movie." ...Source: RSS feed - channel BNPaperBusiness | 18 Oct 2009 | 1:00 am FTC targets firms that promise quick fixes for consumers' credit problemsThe agency reaches legal settlements with two firms that allegedly demanded upfront fees to perform the credit repair - a violation of federal law - and then did little or nothing in return.With Americans' credit scores plunging after record numbers of mortgage and credit card delinquencies, companies that promise quick fixes -- eliminating negative information in credit bureau files -- are proliferating, federal officials say.
Source: L.A. Times - Business | 18 Oct 2009 | 1:00 am An estate plan can be done inexpensivelyIf your situation is straightforward, you can draw up your own documents with the aid of software. Dear Liz: We want to have an estate...Source: RSS feed - channel BNPaperBusiness | 18 Oct 2009 | 1:00 am States suing federal government for unclaimed war bonds$16.7 billion in certificates has yet to be cashed in. Six states now say that Treasury officials haven't tried to find the bondholders or their descendants, and that states have a right to the money.Nearly 70 years ago, the federal government began issuing hundreds of billions of dollars in savings bonds to finance the greatest war effort in the nation's history, with President Franklin D. Roosevelt buying the very first one.
Source: L.A. Times - Business | 18 Oct 2009 | 1:00 am An estate plan can be done inexpensivelyIf your situation is straightforward, you can draw up your own documents with the aid of software.Dear Liz: We want to have an estate plan that doesn't cost a ton of money. We're both in our early 40s and have no children. I'd label us middle class, with not much money left over after monthly bills. Lawyers want too much money to "help" us. Isn't there a better solution?
Source: L.A. Times - Business | 18 Oct 2009 | 1:00 am If offer to buy seems fishy, the money might be illicitMoney launderers are often in a hurry to buy a house without an agent, bargaining or an inspection, experts say. ...Source: RSS feed - channel BNPaperBusiness | 18 Oct 2009 | 1:00 am Co-worker makes personal phone calls all day longAnswering questions about the etiquette of business and money -- and, this month, children at work.Dear Alana: My co-worker who sits about 5 feet from me is constantly getting phone calls from her 17- and 19-year-old daughters or texting her 26-year-old married son. She drops the teenagers off at school, texts them to make sure they arrived safely, sets up lunch meetings with them and waits to hear from her son via text whenever he goes out of town.
Source: L.A. Times - Business | 18 Oct 2009 | 1:00 am DirecTV customer service leaves Station fire victim feeling burnedUntil it was called to account, the company was charging Ken Gray for the cost of satellite-TV receivers that, along with his house, had been reduced to ashes.Ken Gray lost everything in August when his two-bedroom cabin burned to the ground in the devastating Station fire, the largest blaze in recorded Los Angeles County history.
Source: L.A. Times - Business | 18 Oct 2009 | 1:00 am Tenants have upper hand in lease dealsWith the lease winding down on his law firm's Universal City offices last year, Ray Hamrick figured that he was going to have to move because his rent would be rising beyond what he could reasonably pay...Source: RSS feed - channel BNPaperBusiness | 18 Oct 2009 | 1:00 am Tenants have upper hand in lease dealsWith the lease winding down on his law firm's Universal City offices last year, Ray Hamrick figured that he was going to have to move because his rent would be rising beyond what he could reasonably pay.
Source: L.A. Times - Business | 18 Oct 2009 | 1:00 am 'India story' back as foreign money sloshes inThe "India story" is back as the country's stock market soars and foreign investment pours in, lured by robust economic and corporate numbers, but some analysts see warning signs flashing.Source: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 9:38 pm US billionaire probed for Sri Lanka terror link: reportA US-based hedge-fund billionaire charged as part of an insider-trading case was investigated by US authorities for allegedly raising funds for a Sri Lankan separatist group, The Wall...Source: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 9:24 pm Sri Lanka shocked by fund manager fraud charges (AFP)
Source: Yahoo! News: Stock Markets News | 17 Oct 2009 | 8:30 pm Wall St. Bonus Fever Spreads To UKWall St. will not be the only place where key workers will get multi-million dollar bonuses this year. RBS (NYSE:RBC), a UK financial firm which came within days of failing and received massive government aid, will pay some of its executives and traders up to 5 million British pounds. Many of the packages will reach levels similar to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Oct 2009 | 7:00 pm Software giant Microsoft will open own shopsMICROSOFT is this week preparing to take the gloves off in its fight with arch rivals Apple and Google. Source: Latest Business News from Times Online | 17 Oct 2009 | 6:01 pm Goldman Sachs bonuses should lead to a windfall taxGoldman Sachs’s ability to convince some newspapers last week that the tax paid to the UK Treasury was adequate justification for its huge profits was a public relations masterstroke, but one that was deeply flawed. Source: Latest Business News from Times Online | 17 Oct 2009 | 6:01 pm Swedes seek new home for ailing HabitatHABITAT has been put up for sale by its Swedish owners amid accelerating losses at the retail chain famed for bringing high-end design to the masses since the 1960s. Source: Latest Business News from Times Online | 17 Oct 2009 | 6:01 pm There’s room in the dock for bigger fishTHE first, and so far only, prominent criminal trial stemming from the mortgage meltdown is now under way in New York. Let’s hope it’s not the last. Source: Latest Business News from Times Online | 17 Oct 2009 | 6:01 pm Richard Caring to open Le Caprice in New YorkRAG TRADE billionaire Richard Caring has defied the credit crunch to deliver a 20% jump in underlying profits at his flagship restaurants including The Ivy and Le Caprice, writes Jenny Davey. Source: Latest Business News from Times Online | 17 Oct 2009 | 6:01 pm FSA to step up hunt for market fraudstersBRITAIN’s financial authorities pledged to use “all the tools available” to catch market fraudsters after a landmark case in which investigators in America used wiretaps to bring down a multi-million dollar insider-trading ring. Source: Latest Business News from Times Online | 17 Oct 2009 | 6:01 pm Lord Rogers sues Qataris for £2m over Chelsea barracksTHE architectural firm headed by Lord Rogers is suing the owners of London’s Chelsea barracks for £2m over unpaid fees. Source: Latest Business News from Times Online | 17 Oct 2009 | 6:01 pm David Brennan, chief executive of Astra ZenecaThere he sits in his Mayfair office, ramrod straight, eyes engaged, flicker of a smile never far from his lips ... but what’s that tapping? It’s the thrumming of David Brennan’s fingers on the table, under the table, on his chair leg — he never stops. The man is a pent-up ball of impatience. Source: Latest Business News from Times Online | 17 Oct 2009 | 6:01 pm Battle to save Alexander Lebedev's Timan Oil & GasINVESTORS in an oil company controlled by Alexander Lebedev, the Russian oligarch who owns London’s Evening Standard newspaper, will this week call for an emergency meeting in a last-ditch effort to stave off liquidation. Source: Latest Business News from Times Online | 17 Oct 2009 | 6:01 pm Standardization: the Future Competitive Goal for Chinese Real Estate DevelopersBEIJING, Oct. 17 /PRNewswire-Asia/ -- Driven by the favorable policies put in place by the Chinese government, real estate developers' accelerated de-inventories and...Source: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 6:00 pm Financial Crisis Tests Chinese Real Estate Companies' Ability to Deal with RisksBEIJING, Oct. 17 /PRNewswire-Asia/ -- Evergrande Real Estate Group tops the "Sales Rankings of Chinese Real Estate Companies for Q3 2009", in terms of floor space sold...Source: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 6:00 pm U.S. must live within its means: Geithner (Reuters)Reuters - The United States must live within its means once its economy recovers if it is to preserve global confidence in the U.S. dollar's status, Treasury Secretary Timothy Geithner said on Friday.Source: Yahoo! News: Business | 17 Oct 2009 | 5:33 pm U.S. must live within its means: GeithnerWASHINGTON (Reuters) - The United States must live within its means once its economy recovers if it is to preserve global confidence in the U.S. dollar's status, Treasury Secretary Timothy Geithner said on Friday.Source: Reuters: Business News | 17 Oct 2009 | 5:33 pm Germany says EU concerns don't endanger Opel dealBERLIN (Reuters) - Economy Minister Karl-Theodor zu Guttenberg expressed confidence on Saturday that Germany could address EU concerns about a sale of carmaker Opel to Canada's Magna, saying they did not put the deal at risk.Source: Reuters: Business News | 17 Oct 2009 | 4:34 pm Germany says EU concerns don't endanger Opel dealBERLIN (Reuters) - Economy Minister Karl-Theodor zu Guttenberg expressed confidence on Saturday that Germany could address EU concerns about a sale of carmaker Opel to Canada's Magna,...Source: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 4:34 pm Roche drug helps halt rheumatoid arthritis progress* At 8mg/kg dose, 83 pct had no joint damage progressionSource: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 3:00 pm Pfizer JAK-3 arthritis drug effective in studies* Oral JAK inhibitor meets primary goals at several dosesSource: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 3:00 pm J&J's Simponi effective against joint damage-studyNEW YORK, Oct 17 (Reuters) - Johnson & Johnson's new rheumatoid arthritis drug, Simponi, when used in combination with the common treatment methotrexate was significantly more effective at inhibiting...Source: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 3:00 pm NewsWatch: 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 | 17 Oct 2009 | 3:00 pm Political Economy: Dow 10,000 -- So What? (CQPolitics.com)CQPolitics.com - For a couple of days last week, the Dow Jones industrial average hung above 10,000, a symbolically significant position it hadn't occupied since Oct. 3, 2008, when the bottom was falling out of the financial markets. At the end of the week, though, investors seemed to tire of propping up the best-known of stock market indexes, and it slid back to 9,996. The question is whether we should be sad or relieved.Source: Yahoo! News: Stock Markets News | 17 Oct 2009 | 2:47 pm Amec on target for margin boostSource: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Oct 2009 | 2:33 pm Wild horse plan rekindles cattle grazing debateA new federal proposal to manage wild horses is rekindling debate over another fixture of the Western range: cattle. Interior Secretary Ken Salazar last week proposed moving thousands ofSource: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 2:30 pm Pay rules complicate GM CFO search: reportCHICAGO (Reuters) - General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S....Source: RSS feed - channel BNewsBusiness | 17 Oct 2009 | 2:28 pm Pay rules complicate GM CFO search: reportCHICAGO (Reuters) - General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.Source: Reuters: Business News | 17 Oct 2009 | 2:28 pm Pay rules complicate GM CFO search: report (Reuters)
Source: Yahoo! News: Business | 17 Oct 2009 | 2:28 pm Nicholas Levene: the runaway financier and the frantic hunt for £70mNicholas Levene flaunted his wealth with a sumptuous party by the Thames but the police are now asking where that money came from writes Louise Armitstead.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Oct 2009 | 2:09 pm SEC: Ponzi scheme targeted Haitians in Fla., NJ (AP)AP - Three men are accused of running a Ponzi scheme that scammed more than $14 million from hundreds of Haitian-American investors in South Florida and New Jersey.Source: Yahoo! News: Stock Markets News | 17 Oct 2009 | 2:05 pm FirstGroup to decide on move for National Express after Stagecoach submits £1.65bn proposalFirstGroup to weigh up whether to make takeover overtures to bus and rail operator after reacting to Stagecoach's £1.65bn allshare merger proposal.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Oct 2009 | 2:05 pm Era of cheap mortgages is over British homeowners warnedFSA to launch plans to tighten up regulation and crack down on risky lending as part of reforms that will slow house price growth for a generation.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Oct 2009 | 2:03 pm UK's budget deficit will leave pound weak until at least 2014The pound will be stuck at nearparity against the euro for up to four years according to a report from Ernst and Young Item Club.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Oct 2009 | 1:59 pm Lloyds shortselling doubles as traders predict share collapseTraders expect shares in the 43.5pc stateowned bank to collapse when it launches a £25bn fundraising in order to escape asset protection scheme.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Oct 2009 | 1:55 pm Sir Michael told ITV board to resign before he would take chairman jobSir Michael Bishop understood to have specified that board members involved in selection process should offer their resignations before he would take job.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Oct 2009 | 1:53 pm Robert Tchenguiz sees investment vehicle R20 suffer £31.4m lossProperty entrepreneur Robert Tchenguiz saw his investment vehicle R20 crash to a £31.4m loss last year and carry a "going concern" warning from its auditors according to results filed at Companies House.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Oct 2009 | 1:51 pm Prudence and common sense are all you need in today's mortgage marketOur obsession with property was fuelled by a glut of television programmes on making money out of a home. It was easy we were told. Snap up a cheap property put up a few MDF shelves put some decking in the garden and paint the walls in a soft neutral finish and you could double your money overnight.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Oct 2009 | 1:49 pm Len Blavatnikowned Ice.net promises fast broadband for whole of BritainA Scandinavian company owned by Len Blavatnik the Russianborn USbased billionaire has promised that it can provide broadband to rural Britain without Government assistance.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 17 Oct 2009 | 1:48 pm Report: Toys 'R' Us faces FTC price-fix probeThe Federal Trade Commission is investigating whether Toys "R" Us Inc. breached an 11-year-old order against anticompetitive tactics by using its market clout to prevent discounted prices of baby products at rival retailers.
Source: MarketWatch.com - Top Stories | 17 Oct 2009 | 1:47 pm Insider trading suspect posts $100 million bailGalleon Group founder Raj Rajaratnam has been released on $100 million bail on criminal charges in an alleged insider-trading scheme that federal prosecutors claim netted millions in illegal profits.
Source: MarketWatch.com - Top Stories | 17 Oct 2009 | 1:07 pm After milestone, Wall Street ponders if rally can run more (AFP)
Source: Yahoo! News: Stock Markets News | 17 Oct 2009 | 1:03 pm Afghanistan faces further political turmoilWestern concerns grow over delays in the findings of the fraud investigation that President Hamid Karzai is likely to reject, raising the risk that country will plunge deeper into political turmoilSource: Financial Times - US homepage | 17 Oct 2009 | 12:04 pm Obama fires fresh salvo in health care debatePresident Barack Obama says the U.S. is closer to reforming the health-care system than at any time in its history while warning that insurance costs could rise by as much at $18,000 per person over the next 10 years if nothing is done.
Source: MarketWatch.com - Top Stories | 17 Oct 2009 | 10:29 am CIT amends restructuring plan with bondholdersCIT Group has improved the terms of a restructuring plan after struggling to win bondholder support for concessions that would reduce CIT’s $30bn debt loadSource: Financial Times - US homepage | 17 Oct 2009 | 10:05 am Bankrupt: the man Kiwis love to hateIn the end, the cheque-in-the mail promises and business bluster weren't enough to stave off the inevitable.Mark Bryers, co-founder of the collapsed Blue Chip property investment company, had fought hard to avoid bankruptcy, but...Source: nzherald.co.nz - Business | 17 Oct 2009 | 10:00 am Couples feel squeezeJob insecurity and money strife is pushing more Kiwis into relationship counselling as families struggle to cope with reduced incomes.The number of referrals for counselling in the Family Court grew from 20,190 in 2007 to 20,757...Source: nzherald.co.nz - Business | 17 Oct 2009 | 10:00 am Martin Hawes : Secure the kids' future with trustHave you ever thought how the children would fare if both you and your partner died? It is not terribly likely that people in their 30s or 40s will die; however, if it does happen, it is quite common for both partners to die together:...Source: nzherald.co.nz - Business | 17 Oct 2009 | 10:00 am Code switching key to women's successWith men still dominating top spots in the business world, how to be taken more seriously is the big question for working women. Claire Damken-Brown and Audrey Nelson have co-authored a book to help women build workplace credibility...Source: nzherald.co.nz - Business | 17 Oct 2009 | 10:00 am Ghost-Twitterers aboundOften time-poor and rarely social media-savvy, New Zealand CEOs are following in the footsteps of celebrities and politicians and hiring experts to "ghost-Tweet" for them.Businesses are increasingly using Twitter - which, for...Source: nzherald.co.nz - Business | 17 Oct 2009 | 10:00 am NewsWatch: 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 | 17 Oct 2009 | 10:00 am Seeking Bryers' assetsThe assets of bankrupted Blue Chip boss Mark Bryers will come under scrutiny from New Zealand's Official Assignee, even though Bryers lives in Sydney.Bryers is unlikely to be able to continue as managing director of his property...Source: nzherald.co.nz - Business | 17 Oct 2009 | 10:00 am Cartoon : The great economy jackpotSource: nzherald.co.nz - Business | 17 Oct 2009 | 9:58 am Diane Foreman: A woman of substanceIf Diane Foreman gets her way, the first thing foreigners will think of when they think of New Zealand is "the country with the fabulous ice-cream".Yes, folks, we really are becoming the Switzerland of the South Pacific. We're...Source: nzherald.co.nz - Business | 17 Oct 2009 | 9:55 am Deborah Hill Cone: ACC pained by a swelling entitlementBack in the day - wherever did that bizarre saying come from? - we used to talk about helping someone in our cute egalitarian society by giving them a benefit. A benefit is financial assistance in time of need. Simple. Or not, actually....Source: nzherald.co.nz - Business | 17 Oct 2009 | 9:55 am Yoke Har Lee: Magic numbers take Kiwi firm furtherAccounting solutions company BankLink is used to collaborating with the competition in order to grow.In New Zealand BankLink competes head-on with MYOB to provide data for accounting and GST reporting. But in Australia, BankLink...Source: nzherald.co.nz - Business | 17 Oct 2009 | 9:55 am Toys "R" Us facing antitrust probe: reportCHICAGO (Reuters) - Toys "R" Us is facing a U.S. antitrust probe over whether the toy retailer used its market clout to stifle discounting by retail competitors and force consumers to pay higher prices for baby products, the Wall Street Journal reported on Saturday.Source: Reuters: Business News | 17 Oct 2009 | 9:34 am Toys "R" Us facing antitrust probe: report (Reuters)Reuters - Toys "R" Us is facing a U.S. antitrust probe over whether the toy retailer used its market clout to stifle discounting by retail competitors and force consumers to pay higher prices for baby products, the Wall Street Journal reported on Saturday.Source: Yahoo! News: Business | 17 Oct 2009 | 9:34 am Venture financing weakens in third quarterVenture capital financing appears to be on track to deliver the most anemic year since 2003 as universities, pension funds, and private equity firms shrink plans to finance start-ups.
Source: MarketWatch.com - Top Stories | 17 Oct 2009 | 9:27 am Major Tech Earnings on Deck (AAPL, TXN, SNDK, STX, WDC, YHOO, EBAY, VMW, EMC, AMZN, BRCM, JNPR, SYNA, MSFT)This week is going to make last week’s earnings flood look like elementary school. We have the floodgates opening for technology, web, software, hardware, and IT, and 24/7 Wall Street has previewed 14 of the top technology stocks that are on deck to report earnings this coming week: Apple Inc. (NASDAQ: AAPL), Texas Instruments Inc. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Oct 2009 | 9:25 am 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 | 17 Oct 2009 | 8:55 am CIT amends restructuring plan with bondholdersCHICAGO (Reuters) - Commercial finance company CIT Group Inc and a group representing its bondholders have agreed on changes to the company's proposed restructuring plan as it looks shore up its finances.Source: Reuters: Business News | 17 Oct 2009 | 8:46 am CIT amends restructuring plan with bondholders (Reuters)
Source: Yahoo! News: Business | 17 Oct 2009 | 8:46 am Street awaits Apple's earningsSource: Business and financial news - CNNMoney.com | 17 Oct 2009 | 8:44 am CIT builds bondholder support for survival planCIT Group, under pressure to cut its debt load by nearly $6 billion, said late Friday it hammered out a plan with its bondholders to keep it afloat as a lender to small and medium sized businesses.
Source: MarketWatch.com - Top Stories | 17 Oct 2009 | 8:35 am Germany defends Opel dealGermany says European Commission concerns about state aid in the sale of carmaker Opel do not put the deal at risk.Source: BBC News | Business | World Edition | 17 Oct 2009 | 8:18 am Iraq cabinet ratifies oil dealsIraq's cabinet ratifies a deal with a British and a Chinese energy company to develop the giant southern oilfield in Rumaila.Source: BBC News | Business | World Edition | 17 Oct 2009 | 7:42 am NewsWatch: 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 | 17 Oct 2009 | 7:00 am IPO Market Showing Concern (MG, TLCR, BSBR, EM, CLNY, RA, FIG, ARI, VITC, ECHO, CPC, GAME, SNDA, CYOU, SOHU, CPIX, OMER, BX)It was just in August that practically every single initial public offering was trading above its IPO price. The market had rallied significantly, and still rallied after that to just this week have a 10,000 handle on the DJIA. Investors started warming to more risk-based capital, and investment bankers were finally able to get deals [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Oct 2009 | 6:45 am Federal Deficit News Better Than ExpectedTable 1. Total Receipts, Outlays, and Deficit (in billions of dollars) Receipts Outlays Deficit FY2008 Actual 2,524 2,978 -455 FY2009 Estimates May 2009 Budget 2,157 3,998 -1,841 August 2009 Mid-Session Review 2,074 3,653 -1,580 FY2009 Actual 2,105 3,522 -1,417 The Federal Budget deficit was actually better than expected based on estimates done in May and August. The government’s fiscal year ended on September 30. The Treasury and...[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Oct 2009 | 6:16 am Top Ten: The week's Top 10 videos on MarketWatchIn case you missed them, here are the top 10 videos that appeared on MarketWatch for the week of Oct. 12-Oct. 16:
Source: MarketWatch.com - Top Stories | 17 Oct 2009 | 6:02 am GM May Get Opel Back–With Chinese HelpWhen GM”s board was mulling its options for its European operation including Opel, there were rumors that it might simply choose to keep the company and ride out the car industry’s recession storm. The No.1 US auto company decided otherwise and Canadian car parts firm Magna (NYSE:MGA) became the lead candidate to buy Opel. The best laid [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Oct 2009 | 5:59 am Pakistan army begins assault on TalibanThe Pakistan army has started moving troops on Taliban strongholds in South Waziristan region along the Afghan borderSource: Financial Times - US homepage | 17 Oct 2009 | 5:57 am 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 | 17 Oct 2009 | 5:35 am 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 | 17 Oct 2009 | 5:34 am Trading to start on China's new small stock index (AP)
Source: Yahoo! News: Stock Markets News | 17 Oct 2009 | 2:52 am
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