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Zurich loses data on 51,000 UK customersThe personal account details of 51,000 insurance customers of Zurich Insurance in the UK have been missing in South Africa for more than a year, the Swiss insurer revealed today as it launched a full investigation into the loss of a data tape. Source: Latest Business News from Times Online | 22 Oct 2009 | 5:05 am British retail sales fall flat in SeptemberRetail sales remained flat in September, confounding analysts' expectations that the figures would show a monthly pick-up amid growing optimism about the economy. Source: Latest Business News from Times Online | 22 Oct 2009 | 4:51 am Credit Suisse reports strong third-quarter resultsCredit Suisse continued to strengthen its position following losses caused by the financial crisis, when it reported net income of SWFr2.35 billion (£1.4 billion) for the third quarter. Source: Latest Business News from Times Online | 22 Oct 2009 | 4:41 am Brown urges end to postal strikeThe prime minister calls on Royal Mail and postal workers to "get back to the table" to bring an end to industrial action.Source: BBC News | Business | World Edition | 22 Oct 2009 | 4:34 am Personal data of 51,000 is lostA tape containing the personal data of 51,000 UK customers has been lost by insurance company Zurich, the company confirms.Source: BBC News | Business | World Edition | 22 Oct 2009 | 4:30 am World markets drop on China growth worrries (AP)
Source: Yahoo! News: Stock Markets News | 22 Oct 2009 | 4:26 am Russia drops $22.5 bln lawsuit against US bankRussia dropped a $22.5 billion lawsuit Thursday against Bank of New York Mellon after the company agreed to pay $14 million to settle a decade-old money-laundering case involving one of itsSource: RSS feed - channel BNewsBusiness | 22 Oct 2009 | 4:23 am Novartis says 3Q profit up 1 pct, raises outlookDrug maker Novartis AG posted Thursday a 1 percent increase in third-quarter net profit on strong sales of pharmaceuticals, such as its new Afinitor drug against kidney cancer, and raised...Source: RSS feed - channel BNewsBusiness | 22 Oct 2009 | 4:17 am City opens £675m shopping centreThe major extension to the St David's centre in Cardiff opens, with managers claiming it puts the city in the UK's shopping top 10.Source: BBC News | Business | World Edition | 22 Oct 2009 | 4:15 am Ahead of the Bell: Amazon to report 3Q results (AP)AP - Amazon.com Inc. is slated to give its third-quarter report after the market close on Thursday. The results will show investors how much consumers are spending at the online retailer despite the still-sluggish economy.Source: Yahoo! News: Business | 22 Oct 2009 | 4:11 am Ahead of the Bell: Amazon to report 3Q resultsAmazon.com Inc. is slated to give its third-quarter report after the market close on Thursday. The results will show investors how much consumers are spending at the online retailer despiteSource: RSS feed - channel BNewsBusiness | 22 Oct 2009 | 4:11 am Capitol Bancorp Reports Third Quarter ResultsRECENT 2009 HIGHLIGHTS - Total Assets of $5.4 Billion - Total Capital Approximating 11% - Sale of One Affiliate Bank Completed - Four Additional Divestitures In ProcessSource: RSS feed - channel BNewsBusiness | 22 Oct 2009 | 4:11 am Indications: U.S. stock futures slip on earnings day delugeU.S. stock futures decline Thursday on a day when 57 members of the S&P 500 are due to report results, as doubts over the health of a rally from March lows swirl.
Source: MarketWatch.com - Top Stories | 22 Oct 2009 | 4:10 am Russia, Cuba keen on Windows 7Source: Business and financial news - CNNMoney.com | 22 Oct 2009 | 4:08 am Ahead of the Bell: Leading economic indicatorsAnalysts expect a private sector group's forecast of economic activity rose for the sixth straight month in September, a sign the economy will keep growing next year. The Conference...Source: RSS feed - channel BNewsBusiness | 22 Oct 2009 | 4:06 am Pitching the unsellableInventing is the easy part. Marketing? Not so much. Experts, like Scott Pinizzotto, tell how they'd advertise 5 hard-to-tout products.Source: Business and financial news - CNNMoney.com | 22 Oct 2009 | 4:05 am Ahead of the Bell: Jobless claimsThe number of newly laid-off workers seeking unemployment benefits likely ticked up last week, after dropping sharply the previous two weeks. A Labor Department report is projected to...Source: RSS feed - channel BNewsBusiness | 22 Oct 2009 | 4:05 am Zero growth for UK retail salesRetail sales in the UK were unchanged for a second month in a row in September, official figures show.Source: BBC News | Business | World Edition | 22 Oct 2009 | 4:05 am Is Twitter The Next Hula Hoop?Microsoft (NASDAQ:MSFT) and Google (NASDAQ:MSFT) have each formed a partnership with micro- blogging company Twitter. The search engines at the firms will survey the real time “tweets” , which are small text messages of only a few words, from Twitter’s millions of users. There is some important information to be gathered in all that “real time” communication, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 22 Oct 2009 | 4:01 am Earnings Watch: Updates, advisories and surprisesA roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source: MarketWatch.com - Top Stories | 22 Oct 2009 | 4:01 am Credit Suisse swings to $2.3 billion profitCredit Suisse swings to third-quarter net profit of 2.35 billion Swiss francs, helped by further inflows into its private-banking business as well as by a tax gain.
Source: MarketWatch.com - Top Stories | 22 Oct 2009 | 4:01 am Reddy Ice Reports Third Quarter and Nine Months 2009 ResultsDALLAS, Oct. 22 /PRNewswire-FirstCall/ -- Reddy Ice Holdings, Inc. (NYSE: FRZ) today reported financial results for the third quarter and nine months ended September 30, 2009.Source: RSS feed - channel BNewsBusiness | 22 Oct 2009 | 4:00 am Sambazon Becomes First to Achieve Fair-Trade Crop Certification for AcaiSAN CLEMENTE, Calif., Oct. 22 /PRNewswire/ -- Sambazon, the leading global supplier of acai, announces the certification of its acai crop as Fair Trade in Brazil. The...Source: RSS feed - channel BNewsBusiness | 22 Oct 2009 | 4:00 am SunTrust Reports Third Quarter ResultsResults Reflect Continued Recessionary Pressures; Company Cites "Encouraging Business Trends" ATLANTA, Oct. 22 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE: STI) todaySource: RSS feed - channel BNewsBusiness | 22 Oct 2009 | 4:00 am PotashCorp Reports Third-Quarter Earnings of $0.82 per ShareSymbol: POT Listed: TSX, NYSE SASKATOON, Oct. 22 /PRNewswire-FirstCall/ - Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported...Source: RSS feed - channel BNewsBusiness | 22 Oct 2009 | 4:00 am Futures Movers: Oil prices fall as U.S. dollar rebounds vs. rivalsCrude futures declined on Thursday, as the U.S. dollar rebounded against other major currencies, weighing on dollar-denominated commodities such as oil.
Source: MarketWatch.com - Top Stories | 22 Oct 2009 | 3:58 am Losing their lifeline - 7,000 a dayAnother day, another 7,000 people run out of unemployment benefits.Source: Business and financial news - CNNMoney.com | 22 Oct 2009 | 3:55 am Nestle blames franc for sales dipNestle blames the strong Swiss franc and weakened demand for a fall of 2.2% in sales over the first nine months of this year.Source: BBC News | Business | World Edition | 22 Oct 2009 | 3:52 am Galleon managers in Asia explore buyout of fund: sources (Reuters)Reuters - The managers of Galleon Group's $500 million Asia fund are exploring a possible buyout of the unit, sources told Reuters on Thursday.Source: Yahoo! News: Business | 22 Oct 2009 | 3:46 am Galleon managers in Asia explore buyout of fund: sourcesSINGAPORE (Reuters) - The managers of Galleon Group's $500 million Asia fund are exploring a possible buyout of the unit, sources told Reuters on Thursday.Source: Reuters: Business News | 22 Oct 2009 | 3:46 am Steve Jobs is $300M richerSource: Business and financial news - CNNMoney.com | 22 Oct 2009 | 3:45 am Banks 'to lend more in mortgages'Lenders expect mortgage availability to rise in the coming months as the outlook for the economy improves, a report says.Source: BBC News | Business | World Edition | 22 Oct 2009 | 3:44 am Pub shares jump after OFT clears beer tiesPub shares jumped after an Office of Fair Trading inquiry said ties between pub companies and landlords was not pushing up prices or limiting choice.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 22 Oct 2009 | 3:43 am Google's music forayGoogle will soon allow users to to listen to music and buy songs on its search results page, according to several news reports.Source: Business and financial news - CNNMoney.com | 22 Oct 2009 | 3:42 am Hyundai Sales Soar As It Becomes The New Car KingHyundai Motors has done what no other global car company has–grown through the recession. The Korean operation released financial results. It believes it will sell over three million cars this year compared to 2.8 million in 2008. Hyundai’s third quarter global market share rose to 5.5% compared to 5.2% in the second. Hyundai’s third quarter profit tripled to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 22 Oct 2009 | 3:41 am Lord Mandelson accused as Royal Mail workers strikeThe Business Secretary Lord Mandelson was accused today of deliberately provoking Britain's first nationwide postal strike in two years as thousands of Royal Mail workers joined the first in a series of rolling stoppages before Christmas. Source: Latest Business News from Times Online | 22 Oct 2009 | 3:34 am Economic Report: China growth data point to possible 'tightening'China releases a batch of economic data indicating the economy expanded at an accelerated rate in the third quarter, raising the prospect that Beijing may begin to unwind its crisis-driven expansionary policies by year’s end.
Source: MarketWatch.com - Top Stories | 22 Oct 2009 | 3:32 am Nanos catch fire after fault in steering columnFire up the engine has taken on a whole different meaning in India after three drivers reported that blazes started spontaneously in their Nanos, the world's cheapest car. Source: Latest Business News from Times Online | 22 Oct 2009 | 3:30 am A Windows upgrade that may be worth itMicrosoft is banking on Windows 7 to breathe new life into a PC world where most computer users are running XP -- an operating system that was released in the early days of the Bush administration.Source: Business and financial news - CNNMoney.com | 22 Oct 2009 | 3:30 am Anglo American to cut 2,700 jobs, sell assetsMining company Anglo American said Thursday that it will cut around 2,700 white-collar jobs as part of a plan to streamline its operations and sell non-core assets.
Source: MarketWatch.com - Top Stories | 22 Oct 2009 | 3:30 am Russia drops $22.5 billion suit vs BONYMOSCOW (Reuters) - Russia has dropped its $22.5 billion lawsuit against Bank of New York Mellon , in line with an earlier request by the country's Customs Service, a judge said on Thursday.Source: Reuters: Business News | 22 Oct 2009 | 3:29 am London Markets: Tenanted pub operators shine in lower LondonShares of pub operators jumped in London on Thursday, with Enterprise Inns and Punch Taverns up more than 10% after the U.K. competition body said that there was no sign of anti-competitive behaviour over beer supplies.
Source: MarketWatch.com - Top Stories | 22 Oct 2009 | 3:28 am Stocks poised to dropU.S. stock futures slipped Thursday, as worries about corporate earnings weighed on investors.Source: Business and financial news - CNNMoney.com | 22 Oct 2009 | 3:27 am The Pay Czar’s Day In The SunPay czar Kenneth Feinberg has already effectively clipped the compensation wings of Bank of America (NYSE:BAC) CEO Ken Lewis by taking away all of his 2009 compensation. Feinberg now plans to cut the pay packages of 175 executives at seven companies receiving federal aid by as much as 50%. Some base salaries will drop to a tenth [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 22 Oct 2009 | 3:24 am FTSE 100 slides at open (AFP)
Source: Yahoo! News: Stock Markets News | 22 Oct 2009 | 3:14 am Cardholders tricked into revealing their Pins in telephone scamConsumers have been warned to be vigilant following a 250pc jump in the number of people who were tricked into handing over their credit or debit card and Pin to fraudsters.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 22 Oct 2009 | 3:14 am Praktiker AG's third-quarter profit tumbles 65%Shares of Praktiker AG fall as the home-improvement retailer reported a 65% tumble in third-quarter net income. The recession in Eastern Europe has hit the company’s international business hard, overshadowing a recovery in the German market.
Source: MarketWatch.com - Top Stories | 22 Oct 2009 | 3:12 am Weak champagne, wine sales hurt Pernod RicardEurope’s second-biggest spirits group, Pernod Ricard, sees fiscal first-quarter sales fall 6.3%, on weak consumer demand for wine and champagne.
Source: MarketWatch.com - Top Stories | 22 Oct 2009 | 3:08 am China economic growth acceleratesChina says it is on track to hit its growth target of 8% this year, after the economy grew 8.9% year-on-year in the third quarter.Source: BBC News | Business | World Edition | 22 Oct 2009 | 3:06 am Microsoft launches Windows 7 (Reuters)Reuters - Microsoft Corp launched Windows 7 on Thursday in its most important release for more than a decade, aiming to win back customers after the disappointing Vista and strengthen its grip on the PC market.Source: Yahoo! News: Business | 22 Oct 2009 | 3:05 am Microsoft launches Windows 7NEW YORK (Reuters) - Microsoft Corp launched Windows 7 on Thursday in its most important release for more than a decade, aiming to win back customers after the disappointing Vista and strengthen its grip on the PC market.Source: Reuters: Business News | 22 Oct 2009 | 3:05 am Chinese economy powers ahead on 8.9% riseConfirmation that China is well on the road to economic recovery was given today when Beijing reported that economic growth had accelerated to 8.9 per cent in the third quarter. Source: Latest Business News from Times Online | 22 Oct 2009 | 2:56 am Economic Report: Flat U.K. retail sales short of expectationsBritish retail sales volumes fell short of expectations in September, coming in flat compared to August.
Source: MarketWatch.com - Top Stories | 22 Oct 2009 | 2:56 am Luxury, minus the sticker shock - 6 carsThese days, you can find cars that have all the pleasures of expensive luxury cars but without the high-end price tag.Source: Business and financial news - CNNMoney.com | 22 Oct 2009 | 2:45 am Wall Street futures point to lower start; results due (Reuters)
Source: Yahoo! News: Business | 22 Oct 2009 | 2:43 am Wall Street futures point to lower start; results due (Reuters)
Source: Yahoo! News: Stock Markets News | 22 Oct 2009 | 2:43 am Wall Street futures point to lower start; results due(Reuters) - Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.1 to 0.5 percent, pointing to a weaker start on Wall Street on Thursday.Source: Reuters: Business News | 22 Oct 2009 | 2:43 am China's economic recovery gains steamRead full story for latest details.Source: Business and financial news - CNNMoney.com | 22 Oct 2009 | 2:40 am MPs' expenses: Why MPs are unlikely to trigger any embarrassing byelectionsSome MPs ordered to repay excessive expenses are apparently plotting a backbench revolt. They are considering resigning before the General Election and triggering byelections.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 22 Oct 2009 | 2:40 am Tips for an investing newbieQuestion: I'm 30 years old and have savings of about $50,000. I've never invested in stocks or mutual funds, but I would like to start. Can you recommend some resources that can help educate me about investments and give me a better understanding of how they work? --Suresh T., Jacksonville, FloridaSource: Business and financial news - CNNMoney.com | 22 Oct 2009 | 2:20 am Pub sector given all-clear by OFTThe Office of Fair Trading says it has found no evidence that ties between pub firms and landlords are harming competition.Source: BBC News | Business | World Edition | 22 Oct 2009 | 2:18 am National Express warns on profitsNational Express warned on Thursday that full-year profits would be lower than market expectations and said delays from the failed 765m offer from Spain's Cosmen family and private equity group CVC had...Source: RSS feed - channel BNPaperBusiness | 22 Oct 2009 | 2:17 am OFT gives all clear to pubs' beer-tie supplyPub companies that force licensees to buy beer through their landlord are not doing anything wrong, according to the Office of Fair Trading (OFT). Source: Latest Business News from Times Online | 22 Oct 2009 | 2:12 am The China Miracle Meets Wal-Mart (NYSE:WMT) Price CutsChina’s GDP rose 8.9% amid talk that the increase was caused by the nation’s $585 billion stimulus package and not a significant improvement in its huge manufacturing and export engine. The news means that China’s stimulus has worked better, or at least much faster, than the American $787 billion stimulus package. That would make sense. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 22 Oct 2009 | 2:09 am Escaping VistaHow difficult is the upgrade to Windows 7?Source: BBC News | Business | World Edition | 22 Oct 2009 | 1:59 am US 'plans bail-out firm pay cut'US firms that benefited from government bail-out cash will be told to slash salaries for highest paid executives, a report says.Source: BBC News | Business | World Edition | 22 Oct 2009 | 1:59 am Boeing: northeast Asia needs 1,200 planes over 20 yearsTOKYO (Reuters) - U.S. aerospace giant Boeing Co estimates northeast Asia will need about 1,200 airplanes worth about $190 billion over the next 20 years, a senior company executive said on Thursday.Source: Reuters: Business News | 22 Oct 2009 | 1:59 am London shares fall on global rally fearsThe FTSE 100 fell on Thursday, tracking sharp overnight losses on Wall Street, where traders moved out of financial stocks after the sector's recent run higher. The profit-taking came even as the US third-quarter...Source: RSS feed - channel BNPaperBusiness | 22 Oct 2009 | 1:57 am Credit Suisse upbeat after topping Q3 forecastsZURICH (Reuters) - Credit Suisse Group AG said it was upbeat about its prospects after exceeding third-quarter net profit forecasts by a wide margin thanks to a solid investment banking performance and good client inflows.Source: Reuters: Business News | 22 Oct 2009 | 1:54 am Microsoft looks to match Apple success with stand-alone storesMicrosoft will today open a new front in its battle with Apple with its first stand-alone store. Source: Latest Business News from Times Online | 22 Oct 2009 | 1:53 am National Express issues profit warningNational Express, the beleaguered transport group, today issued a profit warning and said it would press ahead with plans to tap investors for funding after an increase in the cost of debt. Source: Latest Business News from Times Online | 22 Oct 2009 | 1:53 am Novartis warns on currency blow to profitsNovartis said on Thursday it would sell more of its core pharmaceuticals products this year on top of the likely sales benefits to come from its new H1N1 pandemic swine flu vaccine.But the Swiss drugs...Source: RSS feed - channel BNPaperBusiness | 22 Oct 2009 | 1:50 am Media Digest 10/22/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: China’s GDP rose 8.9% and the government said it would stick with its liberal monetary policies. Reuters: Larry Summers said the US recovery is on track. Reuters: More Americans will delay retirement. Reuters: Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOOG) set up real-time search deals with micr- blogging company Twitter. Reuters: The top pay at bailed-out banks is being cut [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 22 Oct 2009 | 1:48 am National Express moves to bolster finances as profits fall below expectationsNational Express the troubled bus and rail operator said it intended to complete an share sale to bolster its finances by the end of the year as it warned fullyear profits would be below expectations.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 22 Oct 2009 | 1:33 am Ericsson profits down 72% on weak demandEricsson suffered a worse-than-expected 72 per cent drop in third-quarter profits as tough market conditions weighed on the world's largest maker of telecommunications network equipment.Sales were down...Source: RSS feed - channel BNPaperBusiness | 22 Oct 2009 | 1:24 am Asia Markets And Europe Open (10/22/2009)Markets is Asia were mostly lower. The Nikkei dropped 6% to 10.297. Mitsubishi UFJ (NYSE:MTU) fell and Honda (NYSE:HMC) rose. The Hang Seng was down 1% to 22,098. China Mobile (NYSE:CHL) fell. The Shanghai Composite fell .6% to 3,951. At the open in Europe, the FTSE fell 1.4% to 5,164. The Dax was off 1.6% to 5,741. The CAC [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 22 Oct 2009 | 1:17 am Aussie market closes half a per cent lowerSYDNEY - The Australian share market closed half a per cent lower, with Lend Lease, OneSteel and Qantas leading the losses as investors judged that share gains over recent months now needed to be justified by earnings results.The...Source: nzherald.co.nz - Business | 22 Oct 2009 | 1:14 am China's push for oil in Gulf of Mexico puts U.S. in awkward spotFour years after denying a Chinese bid to buy Unocal, the U.S. may be in too weak an economic position to object. Rebuffing China could also push it into the arms of countries hostile to the U.S.A Chinese company's gambit to drill for oil in U.S. territory demonstrates China's determination to lock up the raw materials it needs to sustain its rapid growth, wherever those resources lie.
Source: L.A. Times - Business | 22 Oct 2009 | 1:00 am Will 'This Is It' perform like Jackson?Success of Sony's big bet hinges on the film's appealing to more than just die-hard fans.In late July, a month after Michael Jackson died from the effects of a powerful anesthetic plus other medications, Sony Pictures bid $60 million for a movie after seeing just 97 seconds of footage.
Source: L.A. Times - Business | 22 Oct 2009 | 1:00 am Wells Fargo reports record profitWells Fargo & Co. posted a record third-quarter profit by limiting loan defaults and wringing costs from Wachovia Corp.
Source: L.A. Times - Business | 22 Oct 2009 | 1:00 am Democrats plan more moves to aid joblessHouse leaders say they'll push measures to create jobs and maintain a safety net for the unemployed, including extending jobless benefits, to keep the economy from lapsing back into recession.They won't be called stimulus. And they won't cost anything close to $787 billion. House leaders plan to press for new measures aimed at creating jobs and maintaining a safety net for the unemployed in hopes of preventing a still-fragile economy from lapsing back into recession, House Speaker Nancy Pelosi said Wednesday.
Source: L.A. Times - Business | 22 Oct 2009 | 1:00 am Community banks to get bailout money as Obama seeks to boost small businessTo spur lending to small businesses, it is 'essential that we make more credit available to the smaller banks and community financial institutions that these businesses depend on,' the president says...Source: RSS feed - channel BNPaperBusiness | 22 Oct 2009 | 1:00 am Need for Speed sales race past 100 million copiesElectronic Arts' racing franchise is one of the top five video game properties of all time. Need for Speed, Electronic...Source: RSS feed - channel BNPaperBusiness | 22 Oct 2009 | 1:00 am China's GDP increases 8.9% year-over-yearThe economic expansion is being fueled by massive government spending. The country has seen modest improvements in exports and retail sales. ...Source: RSS feed - channel BNPaperBusiness | 22 Oct 2009 | 1:00 am Obama administration plans to slash pay of executives at 7 bailed-out companiesThe 25 highest-paid executives at the firms would have their salary cut by about 90% from what they received last year. They would get stock that they would have to hold for a set period of time.In the most dramatic step yet to curtail huge pay packages for executives on Wall Street and elsewhere, the Obama administration plans to slash the compensation of those running the seven biggest recipients of federal bailout money.
Source: L.A. Times - Business | 22 Oct 2009 | 1:00 am Nickelodeon to shell out for 'Ninja Turtles'The cable network will pay $60 million for rights to the 'Teenage Mutant Ninja Turtles' in an effort to stem a decline in boys tuning in to its shows.Move over, SpongeBob SquarePants. Some mutant ninja turtles are headed your way.
Source: L.A. Times - Business | 22 Oct 2009 | 1:00 am Community banks to get bailout money as Obama seeks to boost small businessTo spur lending to small businesses, it is 'essential that we make more credit available to the smaller banks and community financial institutions that these businesses depend on,' the president says.President Obama, looking to boost lending to small business, will start using some of the leftover federal bailout funds to shore up smaller community banks and induce them to offer credit to firms he called the "backbone of the American economy."
Source: L.A. Times - Business | 22 Oct 2009 | 1:00 am Democrats plan more moves to aid joblessHouse leaders say they'll push measures to create jobs and maintain a safety net for the unemployed, including extending jobless benefits, to keep the economy from lapsing back into recession. ...Source: RSS feed - channel BNPaperBusiness | 22 Oct 2009 | 1:00 am AT & T poised to lose key FCC vote on net neutrality proposalTech firms seeking unfettered access to the Internet are expected to prevail despite a lobbying blitz by AT & T and other old-line telecom and cable companies. ...Source: RSS feed - channel BNPaperBusiness | 22 Oct 2009 | 1:00 am Microsoft hoping that Hollywood touch makes Windows 7 a hitDevelopers of the new operating system, the sequel to the much-maligned Vista, focused on giving users what they want.Almost no one found Microsoft Corp.'s last attempt at a new operating system, Windows Vista, very entertaining. ¶ So when it came time for the software giant to create the sequel, it hoped a little Hollywood touch would bring audiences back to its screens. ¶ Jonathan Wiedemann, the former managing director of Propaganda Films, which made groundbreaking MTV videos as well as films such as "Wild at Heart" and "Madonna: Truth or Dare," has for the last three years been leading a team responsible for a key feature on the Windows 7 operating system, the much-hyped upgrade to Vista that Microsoft will begin selling today. ¶ If the early reviews are any indication, Wiedemann and Microsoft may have a hit. Critics who have tested preview copies seem to like it, and businesses say they plan to buy it. ¶ The stakes are high. Sales of the operating system -- essentially the software on top of which all other software runs -- brought in more than $10 billion in profit last year, more than half of Microsoft's net income.
Source: L.A. Times - Business | 22 Oct 2009 | 1:00 am AT & T poised to lose key FCC vote on net neutrality proposalTech firms seeking unfettered access to the Internet are expected to prevail despite a lobbying blitz by AT & T and other old-line telecom and cable companies.Facing a major regulatory issue, AT&T Inc. has unleashed the kind of lobbying blitz that makes it one of the grand corporate players of the great Washington game.
Source: L.A. Times - Business | 22 Oct 2009 | 1:00 am Will 'This Is It' perform like Jackson?Success of Sony's big bet hinges on the film's appealing to more than just die-hard fans. In late July, a month...Source: RSS feed - channel BNPaperBusiness | 22 Oct 2009 | 1:00 am Top pay at bailed out companies to be cut (Reuters)Reuters - Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter said on Wednesday.Source: Yahoo! News: Business | 22 Oct 2009 | 12:47 am Top pay at bailed out companies to be cutWASHINGTON/NEW YORK (Reuters) - Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter said on Wednesday.Source: Reuters: Business News | 22 Oct 2009 | 12:47 am Investment banking boosts Credit SuisseCredit Suisse cheered investors with bumper third-quarter results as the Swiss bank reported a surge in investment banking and solid results in private bankingSource: Financial Times - US homepage | 22 Oct 2009 | 12:34 am Executive hiring in Asia improves sharply: surveyHONG KONG (Reuters) - Job prospects for executives at multinationals in Greater China and Singapore have improved sharply in the past three months amid growing optimism that Asia's recovery from the global recession will be sustainable, a quarterly survey showed on Thursday.Source: Reuters: Business News | 22 Oct 2009 | 12:33 am NZ market dips slightly on quiet dayThe New Zealand sharemarket weakened today but rallied from its lows during a fairly quiet session.Markets around Asia kept an eye on Chinese economic data today but it did not seem to be a big factor for the New Zealand market.China's...Source: nzherald.co.nz - Business | 22 Oct 2009 | 12:32 am US bailout companies ordered to cut payTop executives at US companies that have not yet repaid billions of dollars of taxpayers' bailout money will be forced to take pay cuts of up to 90 per cent after a ruling by President Obama's pay czar. Source: Latest Business News from Times Online | 22 Oct 2009 | 12:07 am China's growth quickens but policy stays on holdBEIJING (Reuters) - China's economic growth picked up last quarter as expected as a combination of breakneck investment and buoyant bank lending more than made up for a slump in exports.Source: Reuters: Business News | 21 Oct 2009 | 11:58 pm Car insurance premiums rise at fastest rate on recordCar insurance premiums are up by a record 14pc in a year.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 21 Oct 2009 | 11:57 pm China's growth quickens but policy stays on hold (Reuters)
Source: Yahoo! News: Business | 21 Oct 2009 | 11:27 pm Chinese economy grows at fastest pace in a yearThe £353bn stimulus package powers growth but experts warn of overheating.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 21 Oct 2009 | 11:24 pm Dollar eases after 15-month highThe New Zealand dollar breached another big figure very early today but was weak in afternoon trading after Chinese economic data failed to surprise.The NZ dollar was US75.25c at 5pm, having risen to US76.35c, another 15-month...Source: nzherald.co.nz - Business | 21 Oct 2009 | 11:20 pm China growth underlines rapid reboundChina’s recovery accelerated in the third quarter as a result of the government’s massive lending programme with the economy growing at 8.9 per cent compared to the same period last yearSource: Financial Times - US homepage | 21 Oct 2009 | 11:14 pm Anzo delivers healthy balance sheetAMP NZ Office Trust (ANZO) said higher rental revenues and lower interest costs helped it achieve a 19.9 per cent increase in distributable profit for the quarter.Unitholders will receive a gross first-quarter distribution of...Source: nzherald.co.nz - Business | 21 Oct 2009 | 9:15 pm More Australians through airportThe latest monthly traffic update from Auckland International Airport Ltd confirms that more Australians are visiting New Zealand.Arrivals from Australia at New Zealand's busiest airport in September were up 15.4 per cent on September...Source: nzherald.co.nz - Business | 21 Oct 2009 | 8:45 pm Finance companies to mergeAllied Nationwide Finance Ltd, a wholly owned unit of Allied Farmers Ltd, is partnering with South Island-based rural finance provider Rural Livestock Finance Ltd.Allied Nationwide chief executive John Mallon said a funding relationship...Source: nzherald.co.nz - Business | 21 Oct 2009 | 8:35 pm Contact coy over profit guidanceContact Energy avoided providing profit guidance for this financial year at its annual meeting in Wellington today, citing a lack of certainty.Chairman Grant King said economic conditions were expected to continue to dampen demand...Source: nzherald.co.nz - Business | 21 Oct 2009 | 8:00 pm Fonterra to put changes to voteYou have to say one thing about the Fonterra directors - they're a determined bunch.Despite their options for rejigging the co-operative's capital structure being turned backSource: Reuters: Business News | 21 Oct 2009 | 6:24 pm Dollar smashes another high markThe New Zealand dollar has again set a new 15-month high this morning - the second time in a few days it has done so.The kiwi has passed through the US76c mark. By 8am the NZ dollar was buying US76.21c, having peaked an hour...Source: nzherald.co.nz - Business | 21 Oct 2009 | 6:00 pm Google signs search deal with Twitter delivering blow to BingGoogle has announced it has also signed a search deal with Twitter on the same day Microsoft's Bing declared its partnership with the microblogging service.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 21 Oct 2009 | 5:28 pm Obama's pay tsar to cut executive salaries by up to 90pcLeading bankers and traders at Citigroup Bank of America and American International Group will be subject to crackdown on excessive compensation in the financial sector.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 21 Oct 2009 | 5:21 pm Obama ‘pay tsar’ to order huge cutsThe top 25 executives at the seven US companies bailed out by the government face a dramatic cut in their cash paySource: Financial Times - US homepage | 21 Oct 2009 | 5:17 pm Deposit rates on riseA number of banks and large finance companies have made changes to deposit rates, with rates generally being pushed up.The Reserve Bank's drive to force banks and others to raise funds locally and for longer terms is helping drive...Source: nzherald.co.nz - Business | 21 Oct 2009 | 5:15 pm Write-Offs: 10.21.09$$$ The good people of Bloomberg Help Desk [NYM] $$$ Rebecca Jarvis Leaves CNBC [TVNewser] $$$ Becky Quick Can Out-Party Carl Quintanilla [BI] $$$ Extreme Makeover: Wall Street Edition [Cityfile] 
 Sponsored Topics: CNBC - Carl Quintanilla - Rebecca Quick - Wall Street - United States Source: Dealbreaker | 21 Oct 2009 | 5:12 pm Meriwether setting up new hedge fundJohn Meriwether, the hedge fund manager and arbitrageur behind Long-Term Capital Management, is in the process of setting up a new hedge fund – his third.Source: Financial Times - US homepage | 21 Oct 2009 | 5:03 pm MySpace abandons race with FacebookThe new chief executive of MySpace has told the Financial Times that the company is no longer interested in competing with Facebook, effectively conceding defeat in the race to become the largest online social network.Source: Financial Times - US homepage | 21 Oct 2009 | 5:03 pm Iran nuclear talks end amid doubts on dealTalks between Iran and three world powers over its nuclear programme have broken up, with western diplomats suggesting Tehran is almost certain to reject a proposal to cut its stockpile of enriched uraniumSource: Financial Times - US homepage | 21 Oct 2009 | 4:55 pm Jimmy Cayne Takes "It's A Bag Of Oregano" Route In Face Of Drug Use Allegations
...some stories about Cayne's partying did make their way back to Greenberg, including one time when a senior executive at the firm, William Montgoris, walked by Cayne's office, detected the scent of marijuana, and reported the incident. Greenberg asked Cayne if what Montgoris was saying was true, but Cayne attributed the marijuana smell to "a new leather couch in my office," and later invited Montgoris in for a whiff. "Does the couch smell like pot or not?" he asked Montgoris, who nervously said it did, and the matter was dropped. Montgoris, in an interview, wouldn't deny the account; Cayne, for his part, maintains the same position he had back then; that he didn't smoke pot in the office.
Sponsored Topics: Cannabis - Bear Stearns - Drug Enforcement Administration - Wall Street - Drugs Source: Dealbreaker | 21 Oct 2009 | 4:49 pm SEC Proposes Rules To Make Dark Pools Disclose More Data (Investor's Business Daily)Investor's Business Daily - The Securities and Exchange Commission proposed shining a bright light Wednesday on how so-called dark pools execute trades.Source: Yahoo! News: Stock Markets News | 21 Oct 2009 | 4:45 pm Senate Finance Committee Member Issues Call To Arms
Sponsored Topics: White House - United States Senate Committee on Finance - Bowl Championship Series - Orrin Hatch - United States Source: Dealbreaker | 21 Oct 2009 | 4:21 pm Wells Fargo, Navistar, AMR are big movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange:Source: Yahoo! News: Stock Markets News | 21 Oct 2009 | 4:06 pm Pelosi Says Congress Wants to Expand Stimulus Measures: VideoSource: Bloomberg - All Podcasts | 21 Oct 2009 | 4:05 pm Rookie Traders Trying To Short Galleon Portfolio Might Need Lesson In Professional TradingNot all traders feeding off of Galleon's wind down are making wise moves. Today squawk-boxes on tech desk were buzzing about the movement of $AERG, Applied Energetics. A penny stock position Galleon held 7.5 million shares in at the end of the second quarter. "The stock fell on the first news of Galleon troubles and today it was doing its reversal off the news of Galleon's portfolio liquidation," says CNBC contributor Paul Kedrosky.
Sponsored Topics: Business - Investing - Penny stock - Stocks and Bonds - Stock Source: Dealbreaker | 21 Oct 2009 | 4:00 pm Stocks turn lower as note on banks spooks traders (AP)
Source: Yahoo! News: Stock Markets News | 21 Oct 2009 | 3:44 pm How the major stock indexes fared on Wednesday (AP)AP - Spooked traders unraveled a rally in stocks late Wednesday as a downbeat assessment of a bank touched off fears that the market is getting overheated.Source: Yahoo! News: Stock Markets News | 21 Oct 2009 | 3:33 pm Amgen profit jumps 24 % on lower costsNEW YORK -- Biotechnology company Amgen Inc. said Wednesday lower costs in its research and sales units pushed up third-quarter profit 24 percent, despite a continued downturn in anemia drug sales.
Source: L.A. Times - Business | 21 Oct 2009 | 3:23 pm Empire State To Take A Hit From New Czarist Regime
Sponsored Topics: New York - United States - American International Group - Citigroup - Society and Culture Source: Dealbreaker | 21 Oct 2009 | 3:18 pm Presented By:Source: Dealbreaker | 21 Oct 2009 | 3:18 pm Podcast: Economics For Monkeys
If there are fewer food providers among vervet monkeys, each provider gets more grooming. (wwarby/Flickr Creative Commons) On today's Planet Money: Human beings aren't the only creatures who make economic decisions. It turns out that monkeys do it, too. Scientists have observed our primate kin exchanging goods and services and adjusting prices. Ronald Noe, a professor of primate ethnology at the University of Strasbourg, says the vervet monkey of southern and eastern Africa uses grooming as a kind of currency. They determine the value of food providers and divide their attention according to the law of supply and demand. Bonus: After the jump, God bless the Columbia Gorge. Download the podcast; or subscribe. Intro music: The Rolling Stone's "Monkey Man." Find us: Twitter/ Facebook/ Flickr. Josh Harrison sends this photo and writes: The Columbia Gorge is a beautiful area with an awe-inspiring river, gnarly windsurfing, easy rolling hills, waterfalls galore, and just to make sure you have fun -- dozens of wineries on both the Washington and Oregon sides of the river. But as you can see in this photo, it looks like the recession has hit hard here, too. 
For lease in Oregon.(Gregory Schiedeler) In September, unemployment hit 11.5 percent in Oregon, above the national average of 9.8 percent. In Washington, it hit 9.3 percent. The Pacific led the Bureau of Labor Statistics' nine geographic divisions, with 11.6 percent unemployment. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 21 Oct 2009 | 2:55 pm At Least One Galleon Employee Hopeful This All Gonna Blow OverMost of the staff at Rajaratnam fun house have been spending the last several days updating their resumes, which makes sense if you've been following the news since Friday, and most especially this morning. Except for this li'l fella, who believes Raj when he says the allegations are baseless and knows, in his gut, that Galleon will get through this. He'll be there Monday, business as usual. Will you? Buddy of mine works at Galleon. Thinks they're going to pull through. He has several years in deferred comp. Not sure how to break it to him...
Sponsored Topics: Business - Financial Services - Lend money - General Electric - online money make Source: Dealbreaker | 21 Oct 2009 | 2:49 pm Garner on China’s Milk; Rothbort on Restaurants: AudioSource: Bloomberg - All Podcasts | 21 Oct 2009 | 2:45 pm Amgen (AMGN) Earnings Bump UpAmgen (NASDAQ:AMGN) had a strong quarter. Biotech has been the most active part of the market in terms of trading volume. Amgen is the category’s grandfather. The company reported EPS of $1.49 for the third quarter of 2009, an increase of 21% compared to $1.23 for the same period a year ago. Adjusted net income increased [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 Oct 2009 | 2:38 pm eBay Guidance Poses Performance & Valuation Questions (EBAY)eBay Inc. (NASDAQ: EBAY) posted non-GAAP earnings of $0.38 EPS on $2.24 billion in revenues. Thomson Reuters had estimates for the online auction giant pegged at $0.37 EPS and $2.14 billion in revenues. The guidance for the company came in at $0.38 to $0.40 non-GAAP EPS and $2.2 to $2.3 billion in revenues for the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 Oct 2009 | 2:25 pm Corridore `Pessimistic' in Short Term About U.S. Airlines:AudioSource: Bloomberg - All Podcasts | 21 Oct 2009 | 2:18 pm Marshall-Lockyer Says Cadbury Can Defend Independence: AudioSource: Bloomberg - All Podcasts | 21 Oct 2009 | 2:16 pm VMware Delivers (VMW)VMware, Inc. (NYSE: VMW) has just posted its Q3 earnings report of $0.24 EPS on a non-GAAP basis on $490 million in revenues. Thomson Reuters had estimates at $0.20 EPS on $473.95 million in revenues. The US revenues were down 1% from a year ago at $246 million, while international revenues rose 9% to $244 [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 Oct 2009 | 2:11 pm 52-Week High ClubAutodesk Inc. (NASDAQ: ADSK) rallied over 5% to a yearly high of $27.26 after the company’s shares were upgraded to “buy” by Kaufman Brothers LP, who set their 12 month price target at $30. Genex Corporation (NASDAQ: GNTX) jumped over 20% today after the vehicle mirror supplier announced a 3Q profit of $0.17, beating analyst estimates. CNH [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 Oct 2009 | 2:09 pm Citi Putting Some Excitement Back Into Filling Up Your Gas Tank
Sponsored Topics: Credit card - MasterCard - Business - Financial Services - Banking Services Source: Dealbreaker | 21 Oct 2009 | 1:57 pm Comp Cop Feinberg Slashing Pay For TARP Junkie ExecsFinally, it pays to be Kenneth Feinberg's special-needs CEO. You get this insider info before everyone else. The Times reports: Under the plan, which will be announced in the next few days by the Treasury Department, the seven companies that received the most assistance will have to cut the annual salaries of their 25 best-paid executives by an average of about 90 percent from last year. The executive's total compensation -- including bonuses and retirement contributions -- will drop, on average, by about 50 percent. The companies are Citigroup, Bank of America, the American International Group, General Motors, Chrysler and the financing arms of the two automakers.
Sponsored Topics: General Motors - American International Group - Bank of America - Kenneth Feinberg - Chrysler Source: Dealbreaker | 21 Oct 2009 | 1:55 pm It helps to know the rules on Wall St.There are always interesting things to learn about how Wall Street really works. Senior business correspondent Bob Moon talks to Kai Ryssdal about the "whisper number" and tells a story about a candy drive he had in high school.Source: Marketplace | 21 Oct 2009 | 1:51 pm Watchdog Group: TARP Won’t Repay Taxpayers or Change Wall Street CultureUSA Today reports: A Treasury Department watchdog is warning that a key $700 billion bailout program has damaged the government’s credibility, won’t earn taxpayers all their money back and has done little to change a culture of recklessness on Wall Street. “The American people’s belief that the funds went into a black hole, or that there was a transfer of wealth from taxpayers to Wall Street, is one of the worst outcomes of this program, and that is the reputational damage to the government,” said Neil Barofsky, special inspector general of the Troubled Asset Relief Program (TARP), in an interview. His 256-page report, out Wednesday, said TARP played a significant role in bringing the financial system back from the “brink of collapse” but questioned its effectiveness in increasing lending to small businesses or reducing the risk of foreclosures. Initially designed by the Treasury to buy toxic assets that threatened the financial system, TARP funds ended up invested in 685 banks, bailing out auto companies and funding a program on home mortgage modifications. “We don’t even know where the money went,” says Rep. Daniel Lipinski, D-Ill., who recently called for TARP assistance to end in December, when it’s set to expire. The Treasury has the authority to extend the program until next October. More.
Source: Business Pundit | 21 Oct 2009 | 1:48 pm HSBC Plans ETFs Linked to Climate Change: AudioSource: Bloomberg - All Podcasts | 21 Oct 2009 | 1:48 pm Officials fear systemic risks of bailoutBailout watchdog, Neil Barofsky said today the chances of getting all the bank bailout money back is slim. He's also worried the frantic efforts to save the financial system may have made it more unstable over the long term. Steve Henn reports.Source: Marketplace | 21 Oct 2009 | 1:45 pm Bank of America Sells First Republic Bank
Bank of America will sell San Francisco-based First Republic Bank to two private equity groups. The deal is set to go through next year. Bloomberg has the details: Bank of America Corp. said it agreed to sell First Republic Bank to a group led by private-equity firms General Atlantic LLC and Colony Capital LLC. The Wall Street Journal reported earlier today that the group will pay more than $1 billion, citing unidentified people familiar with the situation. Bank of America, the biggest U.S. lender by assets, is selling businesses to raise capital after getting $45 billion in government rescue funds. Colony has invested more than $39 billion since its founding by billionaire Thomas Barrack in 1991. General Atlantic focuses on financial and technology companies. Bank of America inherited First Republic when it bought Merrill Lynch & Co. in January. Merrill Lynch bought the bank, which had assets of $19 billion on Sept. 30, for $1.8 billion in 2007. First Republic serves affluent clients in California, Connecticut New York and Nevada. Almost two years ago, soon-to-be-ex-CEO Ken Lewis said that as a big bank, “it’s your prerogative to use ‘retreat’ or ‘retrench” (as quoted from the New York Times). Looks like “retreat” is winning. The Wall Street Journal explains:
Source: Business Pundit | 21 Oct 2009 | 1:37 pm Global Infrastructure Partners promises to upgrade Gatwick Airport after buying BAA site for £1.46bnThe new owners of Gatwick have pledged to upgrade and modernise the airport after airlines warned they would not tolerate a lack of investment in the Sussex site but welcomed the "break up of the BAA airport monopoly".Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 21 Oct 2009 | 1:36 pm A new way to measure the poverty lineThe Census Bureau reports 47 million people in the U.S. live below the poverty line -- 7 million more than the official government estimate. Kai Ryssdal talks to professor Sheldon Danzinger about why we need to gauge poverty differently in a new era.Source: Marketplace | 21 Oct 2009 | 1:35 pm Cadbury holds the aces as it continues to reap sweet rewardsRoger Carr wasn't bluffing. No wonder the chairman of Cadbury pushed the Takeover Panel for a "push up or shut up" just weeks after US rival Kraft came knocking in September with its £10bn cashandshare proposal. He must have known then that he was holding at least one aceSource: Finance and Business. Latest breaking news stocks and shares from the UK and world | 21 Oct 2009 | 1:31 pm RBC: Come Into Work On A Weekend For The Chance To Rub Up Against Shia LaBeouf
To: RBC Employees
Sponsored Topics: Wall Street - OliverStone - Shia LaBeouf - Casting - Michael Douglas Source: Dealbreaker | 21 Oct 2009 | 1:04 pm Galleon to liquidate after insider deal chargesGalleon, the hedge fund at the centre of insider trading allegations involving its founder and president Raj Rajaratnam, is winding down its fundsSource: Financial Times - US homepage | 21 Oct 2009 | 12:57 pm Swine flu threatens hospital businessSwine flu continues to cost hospitals time and money, and some institutions are beginning to worry -- not just about their ability to care for all the victims of H1N1, but to continue their other business as usual. Joel Rose explains.Source: Marketplace | 21 Oct 2009 | 12:43 pm Examining the insurer-government boutThe House Judiciary Committee has voted to strip health insurance companies of their ability to get together and fix prices, and the Senate plans to do the same. Commentator Robert Reich examines the skirmish between government and private insurers.Source: Marketplace | 21 Oct 2009 | 12:42 pm Map: State Unemployment RatesJobless in SeptemberSource: Bureau of Labor Statistics By Laura Conaway The unemployment rate fell in 19 states last month, including in struggling Ohio and Indiana, the Bureau of Labor Statistics reports. Which leaves the bad news, that unemployment rose in 23 states. Another eight recorded no change. Leading the way with the biggest drop in workers was New York, Texas, California, Wisconsin and Michigan. States that added the most jobs included Indiana, New Mexico, Nevada and Utah. Compared to this time last year, unemployment is higher in every state and the District of Columbia. Michigan recorded the highest unemployment in September, with 15.3 percent. If you're looking for healthy states, try North Dakota (4.2 percent unemployment), South Dakota (4.8 percent) or Nebraska (4.9 percent). » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 21 Oct 2009 | 12:26 pm Newton Says Fiat Doing Well in Difficult Auto Market: AudioSource: Bloomberg - All Podcasts | 21 Oct 2009 | 12:19 pm George, Ritholtz Discuss Corporate Earnings, Housing: AudioSource: Bloomberg - All Podcasts | 21 Oct 2009 | 12:17 pm RBC's Tucci Says Fed Still Fears U.S. Deflation: AudioSource: Bloomberg - All Podcasts | 21 Oct 2009 | 12:16 pm Brinkmann Sees Low Mortgage Rates Through Early 2010: AudioSource: Bloomberg - All Podcasts | 21 Oct 2009 | 12:15 pm Can Microsoft make Windows 7 'party?'Microsoft rolls out Windows 7 tomorrow after years of development and testing. And after struggling so much with Vista, it could use some powerful PR. But its string of "launch party" ads may be hurting more than helping. John Moe reports.Source: Marketplace | 21 Oct 2009 | 12:07 pm Medvedev seeks to curb state companiesRussia’s president called for sweeping curbs on state corporations that control swathes of the economy, declaring that many should be closedSource: Financial Times - US homepage | 21 Oct 2009 | 12:00 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 Wednesday:Source: Yahoo! News: Business | 21 Oct 2009 | 11:54 am A look at economic developments around the globe (AP)AP - A look at economic developments and activity in major stock markets around the world Wednesday:Source: Yahoo! News: Stock Markets News | 21 Oct 2009 | 11:54 am Schlossberg Calls Weak Dollar `Toxic' for Oil Prices: AudioSource: Bloomberg - All Podcasts | 21 Oct 2009 | 11:48 am Cadbury's 'cool' factor good for salesCadbury has partly been turning down Kraft's huge bids on the idea that it's too cool for such a big conglomerate. Christopher Werth explores Cadbury's lighter side through an engaging chain of TV ads that have been wildly popular -- and profitable.Source: Marketplace | 21 Oct 2009 | 11:42 am US reviews ‘AfPak’ at critical timeTwo critical events are unfolding in ‘Afpak’: Hamid Karzai is preparing for an election run-off, and 30,000 Pakistani troops are bombarding Taliban strongholds in South WaziristanSource: Financial Times - US homepage | 21 Oct 2009 | 11:41 am Dollar drops through $1.50 against euroThe dollar fell through $1.50 against the euro for the first time in 14 months as optimism over global growth prospects continued to weigh on the US currencySource: Financial Times - US homepage | 21 Oct 2009 | 11:29 am Ohio House speeds tax-cut delay; Senate to slow it (AP)AP - The Ohio House is moving quickly toward approving a delay in planned income tax reductions, but the Senate plans to slow it down, study alternatives and possibly propose something else to fill a budget hole.Source: Yahoo! News: Business | 21 Oct 2009 | 10:43 am Protect Yourself From the Next Investment Scam (The Motley Fool)The Motley Fool - There are a lot of shady people hoping that you're after instant riches -- or at least a boost toward making up for your recent stock market losses. Boy, do they have the sales pitch down pat. There are tax scams, penny-stock huckster scams, instant-messaging scams, Nigerian confidence scams, mortgage-servicing scams, wrong-number pump-and-dump scams, bad-roommate-from-Craigslist scams. I could go on, but my keyboard is out of breath.Source: Yahoo! News: Business | 21 Oct 2009 | 10:30 am SEC proposes changes for 'dark pools' (AP)AP - Federal regulators are proposing tighter oversight for so-called "dark pools," trading systems that don't publicly provide price quotes and compete with major stock exchanges.Source: Yahoo! News: Stock Markets News | 21 Oct 2009 | 10:03 am Struggling Braddock Loses Hospital, Economic DriverBy Laura Conaway The city of Braddock, Pa., ranks among America's most difficult places, alongside emblems of decline and depopulation like Detroit and Flint, Mich. People in Braddock, a steel center outside Pittsburgh, have been trying awfully hard to bring about a revival. Their famous mountain of a mayor, John Fetterman, describes some of the efforts at community farming and urban homesteading in the video above. Now Braddock is sustaining another blow. Its hospital, a branch of the University of Pittsburgh Medical Center, has announced that it will close as of Jan. 31, 2010. At a meeting yesterday, hospital officials told distraught and angry residents that the patient load had dropped by 20 percent since the 2007 opening. UPMC Braddock has been on pace to lose $50 million over the next several years. The hospital says four As the Pittsburgh Post-Gazette reports, people in Braddock say they're losing the only ATM in town and, in the hospital's cafeteria, what amounts to their only sit-down restaurant. In fact, they may be giving up more than that. The hospital had become something of an economic engine in the town, employing 670 people. The state had awarded it $3 million for renovations, which the hospital now says it won't spend. In an economy like Braddock's, that kind of money really counts. Braddock is an extreme case, but it's hardly alone in benefiting from the presence of a medical center. Nationwide, health care spending takes up something like 17 percent of the overall economy. The Iowa Hospital Association calculates that every hospital job there creates another two jobs elsewhere in the state's economy. The Cincinnati Children's Hospital estimates that for every dollar it spends leads to another $1.25 in economic value. (Thanks to @saalon for the tip.) » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 21 Oct 2009 | 9:49 am Amazon UK: Windows 7 Most Popular Pre-Order Ever
Amazon has reported that Windows 7, which comes out tomorrow, has become the “biggest grossing pre-order product of all time in the UK,” according to V3: Windows 7 has overtaken Harry Potter novels and the Nintendo Wii to become the biggest grossing pre-order product of all time in the UK, according to e-commerce giant Amazon. In an announcement which will be music to Microsoft’s ears, Amazon.co.uk declared that the new operating system sold more pre-order copies in the first eight hours of its release than Vista did in its entire pre-order period. “The launch of Windows 7 has superseded everyone’s expectations, storming ahead of Harry Potter and the Deathly Hallows as the biggest grossing pre-order product of all-time at Amazon.co.uk, and demand is still going strong, ” said Amazon.co.uk managing director Brian McBride. Windows 7 shows promise in living up to the hype. Too bad it took a crappy precursor (Vista) to help generate current demand.
Source: Business Pundit | 21 Oct 2009 | 8:35 am Barofsky: TARP Saved The Economy, Made People MadBy Laura Conaway Good morning, and welcome to the Wednesday reading list. In his quarterly report to Congress, Special Investigator General Neil Barofsky says the $700 billion TARP bailout rescued the economy but was conducted with too little transparency and thus created suspicion and anger among ordinary Americans. If you're wondering about the effects of the U.S. national debt on the economy, check out the New York Times' look at the government borrowing in Japan. Interest payments alone amounted to a fifth of the budget for 2008. In the U.K., the chancellor of the exchequer says the nation needs to keep borrowing and spending for the sake of the recovery, however counter-intuitive that might seem. A report by the British National Institute of Economic and Social Research says government debt must decrease if taxpayers are to avoid higher taxes and a raised retirement age. The LA Times asks whether China's rebound is real, even as Chinese leaders pledge to continue stimulus spending amid higher-than-expected growth. The New York Times asks why no one's listening to economic guru Paul Volcker, who wants to separate investment and commercial banking. Simon Johnson argues that Bank of England governor Mervyn King stands a chance of punching the message home. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 21 Oct 2009 | 8:10 am If Browsers Were Women…
Source: Business Pundit | 21 Oct 2009 | 5:29 am Google Music is Coming Soon
TechCrunch reports that Google will soon launch a new music service. As of yet, they don’t have many details of what Google Music (or Google Audio?) will look like: Google will soon launch a music service, we’ve heard from multiple sources, and the company has spent the last several weeks securing content for the launch of the service from the major music labels. One source has referred to the new service as Google Audio. We’re still gathering details, but our understanding is the service will be very different to the Google China music download service that they launched in 2008. That service, which is only available in China, allows users to search for music and download it for free. This new service will be available for at least U.S. users, our sources confirm, although it isn’t clear if it’s a download or streaming service, or both. Google already has a decent (if little used) music search engine that can be accessed by simply typing “music:” before a query (example). But songs are not available for streaming or download from those searches. Is Google going to try to take on iTunes? And Spotify? It’s nice to see more competition in this space.
Source: Business Pundit | 21 Oct 2009 | 4:16 am Kuwait's Wataniya telecom profit slides (AFP)
Source: Yahoo! News: Stock Markets News | 21 Oct 2009 | 2:52 am
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