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Auto Review: 2010 Infinity G37: Too pricey for what you getWith the top down this is one of the best-looking cars on the market. Unlike so many hardtop convertibles, that holds true even with the top up. Too bad it's so pricey for what you get otherwise.
Source: MarketWatch.com - Top Stories | 24 Oct 2009 | 4:09 am Bank failures hit 106 for year; many more are weakIt's a big number that only tells part of the story. The number of banks that have failed so far this year topped 100 on Friday _ hitting 106 by the end of the day _ the most in nearly...Source: RSS feed - channel BNewsBusiness | 24 Oct 2009 | 2:49 am Saudi SABB bank books $94 mln for Q3 loan lossesRIYADH (Reuters) - SABB bank , HSBC's Saudi affiliate, booked 351.5 million riyal ($93.7 million) in provisions for loan losses during the third quarter, bourse data showed on Saturday.Source: RSS feed - channel BNewsBusiness | 24 Oct 2009 | 2:48 am Saudi SABB bank books $94 mln for Q3 loan lossesRIYADH (Reuters) - SABB bank , HSBC's Saudi affiliate, booked 351.5 million riyal ($93.7 million) in provisions for loan losses during the third quarter, bourse data showed on Saturday.Source: Reuters: Business News | 24 Oct 2009 | 2:48 am Saudi SABB bank books $94 mln for Q3 loan losses (Reuters)Reuters - SABB bank (1060.SE), HSBC's Saudi affiliate, booked 351.5 million riyal ($93.7 million) in provisions for loan losses during the third quarter, bourse data showed on Saturday.Source: Yahoo! News: Stock Markets News | 24 Oct 2009 | 2:48 am Saudi SABB bank books $94 mln for Q3 loan losses (Reuters)Reuters - SABB bank (1060.SE), HSBC's Saudi affiliate, booked 351.5 million riyal ($93.7 million) in provisions for loan losses during the third quarter, bourse data showed on Saturday.Source: Yahoo! News: Business | 24 Oct 2009 | 2:48 am Pilot that overshot airport: Crew wasn't nappingThe first officer of the Northwest Airlines jet that missed its destination by 150 miles says there was no fight in the cockpit, neither he nor the captain had fallen asleep, and passengersSource: RSS feed - channel BNewsBusiness | 24 Oct 2009 | 2:00 am With American Funds, it's take it or leave it"Do one thing, and do it well," the old line goes.
Source: L.A. Times - Business | 24 Oct 2009 | 1:00 am Sleeping in the cockpit? It happens, aviation experts sayThe issue of pilot fatigue is under scrutiny after two Northwest pilots overshot a Minneapolis airport this week after possibly nodding off. ...Source: RSS feed - channel BNPaperBusiness | 24 Oct 2009 | 1:00 am Sleeping in the cockpit? It happens, aviation experts sayThe issue of pilot fatigue is under scrutiny after two Northwest pilots overshot a Minneapolis airport this week after possibly nodding off.White-knuckle airline passengers who are already shaken by news that two Northwest Airlines pilots are under investigation for overshooting a Minneapolis airport after possibly nodding off won't want to hear this: Some pilots say cockpit catnaps happen.
Source: L.A. Times - Business | 24 Oct 2009 | 1:00 am Subpoenas issued over Countrywide VIP loan programThe House Oversight committee is investigating the role of the nation's largest mortgage companies in the financial crisis.Under pressure from Republicans, a House committee has subpoenaed documents related to Countrywide Financial Corp.'s VIP program, which offered preferential treatment to well-connected or powerful mortgage customers.
Source: L.A. Times - Business | 24 Oct 2009 | 1:00 am Trial begins for former Broadcom finance chiefA federal jury hears clashing accounts about former CFO William J. Ruehle as opening statements begin in his option-backdating case.Prosecutors on Friday portrayed a former Broadcom Corp. chief financial officer as a liar who conspired with co-founders Henry T. Nicholas III and Henry Samueli to hide billions of dollars in compensation from regulators and investors in the Irvine technology firm.
Source: L.A. Times - Business | 24 Oct 2009 | 1:00 am Motorcycle makers cutting staff and product lines as sales plungeThe biggest drops come in cruisers and sport bikes. Sales of scooters also fall sharply. A year ago, it looked...Source: RSS feed - channel BNPaperBusiness | 24 Oct 2009 | 1:00 am Tokyo Motor Show no longer Asia's premier auto showcaseOnly 109 exhibitors will participate, compared with 241 companies during the previous show in 2007, as power in the automotive industry shifts from Japan to China.The 41st Tokyo Motor Show 2009 is opening this weekend, but what used to be Asia's premier showcase of new automobile technology is turning into, well, pretty much a domestic event.
Source: L.A. Times - Business | 24 Oct 2009 | 1:00 am AEG's Regal movie complex aims to draw premieres to downtown L.A.The $100-million Regal Cinemas LA Live Stadium 14, which opens Tuesday, has a theater equipped for film stars, with an adjacent ballroom and a street that can be closed for red-carpet events. ...Source: RSS feed - channel BNPaperBusiness | 24 Oct 2009 | 1:00 am Subpoenas issued over Countrywide VIP loan programThe House Oversight committee is investigating the role of the nation's largest mortgage companies in the financial crisis. ...Source: RSS feed - channel BNPaperBusiness | 24 Oct 2009 | 1:00 am With American Funds, it's take it or leave it"Do one thing, and do it well," the old line goes.Source: RSS feed - channel BNPaperBusiness | 24 Oct 2009 | 1:00 am House passes cruise ship safety legislationThe bill would oblige cruise ships that serve U.S. ports to publicly report shipboard crimes, employ U.S. doctors and install peepholes in cabin doors, among other requirements. ...Source: RSS feed - channel BNPaperBusiness | 24 Oct 2009 | 1:00 am Sales of U.S. existing homes surged 9.4% in September, data showThe reason for the rise: Buyers taking advantage of the tax credit for first-time owners before it expires next month. The median price for an existing home was $174,900, down 9% from a year earlier.Sales of existing homes surged in September as buyers raced to take advantage of the tax credit for first-time home buyers before it expires next month.
Source: L.A. Times - Business | 24 Oct 2009 | 1:00 am House passes cruise ship safety legislationThe bill would oblige cruise ships that serve U.S. ports to publicly report shipboard crimes, employ U.S. doctors and install peepholes in cabin doors, among other requirements.An effort to boost federal oversight of the $40.2-billion cruise industry moved closer to becoming law Friday when the U.S. House of Representatives approved a bill requiring cruise lines to improve their crime reporting and safety procedures.
Source: L.A. Times - Business | 24 Oct 2009 | 1:00 am Motorcycle makers cutting staff and product lines as sales plungeThe biggest drops come in cruisers and sport bikes. Sales of scooters also fall sharply.A year ago, it looked as if fuel-sipping motorcycles might be the option for motorists facing increasing gas prices. This year, little seems to be working for bike makers.
Source: L.A. Times - Business | 24 Oct 2009 | 1:00 am AEG's Regal movie complex aims to draw premieres to downtown L.A.The $100-million Regal Cinemas LA Live Stadium 14, which opens Tuesday, has a theater equipped for film stars, with an adjacent ballroom and a street that can be closed for red-carpet events.Hollywood is moving closer to downtown Los Angeles.
Source: L.A. Times - Business | 24 Oct 2009 | 1:00 am Tokyo Motor Show no longer Asia's premier auto showcaseOnly 109 exhibitors will participate, compared with 241 companies during the previous show in 2007, as power in the automotive industry shifts from Japan to China. ...Source: RSS feed - channel BNPaperBusiness | 24 Oct 2009 | 1:00 am Trial begins for former Broadcom finance chiefA federal jury hears clashing accounts about former CFO William J. Ruehle as opening statements begin in his option-backdating case. ...Source: RSS feed - channel BNPaperBusiness | 24 Oct 2009 | 1:00 am Microsoft profit falls 18% in quarter but beats forecastsConsumers may be shopping for computers again, but Microsoft Corp. needs businesses to start doing the same.
Source: L.A. Times - Business | 24 Oct 2009 | 1:00 am Stocks slide as railroads, oil lose groundCautious forecasts from railroad companies cause unease about the economy, while energy and raw-material shares fall as the dollar continues to rise. The Dow drops 109 points to 9,972. ...Source: RSS feed - channel BNPaperBusiness | 24 Oct 2009 | 1:00 am Food labeling program halts over FDA concernPORTLAND, Ore. -- The Smart Choices nutrition labeling program, created voluntarily by nine large U.S. manufacturers, is halting after federal regulators said such systems could mislead consumers, officials...Source: RSS feed - channel BNPaperBusiness | 24 Oct 2009 | 1:00 am Market Snapshot: Easily spooked, stock investors await earningsBuy or bail? Investors will have a raft of earnings reports to digest during a week that's bound to continue stocks' bumpy ride,.
Source: MarketWatch.com - Top Stories | 23 Oct 2009 | 10:01 pm NYC mayor breaks spending record with $85.2MNew York City Mayor Michael Bloomberg has broken his own spending record from four years ago, dropping $85.2 million on his campaign for a third term with 11 days to go until Election Day.Source: RSS feed - channel BNewsBusiness | 23 Oct 2009 | 9:56 pm Carl Icahn quits Yahoo board, commends CEO (Reuters)
Source: Yahoo! News: Business | 23 Oct 2009 | 9:16 pm Carl Icahn quits Yahoo board, commends CEOSAN FRANCISCO (Reuters) - Billionaire activist investor Carl Icahn gave up his seat on the Yahoo Inc board of directors on Friday, closing a tumultuous chapter in the Internet company's 15-year history.Source: Reuters: Business News | 23 Oct 2009 | 9:16 pm Pilots missed Twin Cities by 150 miles _ but how?Were the pilots distracted? Catching up on their sleep? Federal investigators struggled to determine what the crew members of a Northwest Airlines jetliner were doing at 37,000 feet as theySource: RSS feed - channel BNewsBusiness | 23 Oct 2009 | 9:15 pm US bank failures top 100 for yearThe number of US bank failures this year surpasses 100 after US federal regulators shut down a trio of Florida banks.Source: BBC News | Business | World Edition | 23 Oct 2009 | 9:15 pm Hawaii regulators approve first US tuna farmHawaii regulators have approved a Honolulu company's plan to build the nation's first tuna farm in waters off the Big Island. Hawaii Oceanic Technology aims to create an environmentally...Source: RSS feed - channel BNewsBusiness | 23 Oct 2009 | 8:49 pm More U.S. banks closed: 106 have failed in 2009The number of U.S. bank failures in 2009 climbs to 106 as regulators shut down seven more on Friday.
Source: MarketWatch.com - Top Stories | 23 Oct 2009 | 7:51 pm Bank failures hit 106 for yearCollapse of seven banks in Florida, Georgia, Wisconsin, Illinois and Minnesota pushes 2009 total to level not seen since 1992.
Source: MarketWatch.com - Top Stories | 23 Oct 2009 | 7:50 pm Carl Icahn resigns from Yahoo boardCarl Icahn says late Friday he is resigning from the board of directors at Yahoo Inc. because he is no longer needed at the Internet company.
Source: MarketWatch.com - Top Stories | 23 Oct 2009 | 7:30 pm Latin American Markets: Brazilian, Mexican stocks drop, erasing gainsFalling stocks in the materials and industrial sectors sharpen a pullback in Latin American equities.
Source: MarketWatch.com - Top Stories | 23 Oct 2009 | 7:28 pm TSX tumbles on weaker oil, Agrium outlook (Reuters)Reuters - The TSX fell more than 1 percent in a broad slump on Friday, dragged lower by softer oil prices and a weak outlook from fertilizer producer Agrium Inc.Source: Yahoo! News: Stock Markets News | 23 Oct 2009 | 7:24 pm Icahn quits Yahoo board, commends CEOSAN FRANCISCO (Reuters) - Billionaire activist investor Carl Icahn gave up his seat on the Yahoo Inc board of directors on Friday, closing a tumultuous chapter in the Internet company's...Source: RSS feed - channel BNewsBusiness | 23 Oct 2009 | 7:03 pm AIG to disburse $12 million in delayed exec paymentsNEW YORK (Reuters) - AIG , the insurer that received a huge government bail out, said on Friday it is paying $12.1 million in retention awards to some top executives after U.S. pay czar Kenneth Feinberg gave it the green light.Source: Reuters: Business News | 23 Oct 2009 | 6:48 pm CIT presses bondholders to agree to restructuringNEW YORK (Reuters) - CIT Group Inc warned bond holders that if they failed to exchange their debt or approve a prepackaged bankruptcy, the commercial finance company -- and its debt...Source: RSS feed - channel BNewsBusiness | 23 Oct 2009 | 6:42 pm CIT presses bondholders to agree to restructuringNEW YORK (Reuters) - CIT Group Inc warned bond holders that if they failed to exchange their debt or approve a prepackaged bankruptcy, the commercial finance company -- and its debt investors' returns -- could suffer mightily.Source: Reuters: Business News | 23 Oct 2009 | 6:42 pm Banks in 5 states fail; 106 this yearBank closings for the year hit 106 on Friday when regulators shut down three small banks in Florida, one in Georgia, one in Wisconsin, one in Minnesota and one in Illinois. The Federal...Source: RSS feed - channel BNewsBusiness | 23 Oct 2009 | 6:33 pm Bank failures stack up: Now 106 for 2009The tally of bank failures easily broke past the No. 100 milestone on Friday night, with regulators announcing the year's 106th closure.Source: Business and financial news - CNNMoney.com | 23 Oct 2009 | 6:16 pm Caution after U.K. commercial property revivalBritain's commercial-property sector has snapped back to life afrer a brutal recession, but analysts still urge investors to be cautious.
Source: MarketWatch.com - Top Stories | 23 Oct 2009 | 6:10 pm GM Europe deal on hold as Brussels looks at aidA deal to sell GM Europe to a Russian-backed consortium is on hold while the board of General Motors addresses questions raised about the transaction by Neelie Kroes, the European Competition Commissioner. Source: Latest Business News from Times Online | 23 Oct 2009 | 6:01 pm Towry Law joins top five with Edwards Jones mergerTowry Law, the financial advisory group, has acquired Edward Jones, its rival, in a transformative deal that is likely to prompt more mergers in the financial advisory sector. Source: Latest Business News from Times Online | 23 Oct 2009 | 6:01 pm UKFI chief John Kingman close to securing move to NM RothschildJohn Kingman, chief executive of the body that manages the UK’s banking stakes, is in advanced talks to join NM Rothschild, the investment bank. Source: Latest Business News from Times Online | 23 Oct 2009 | 6:01 pm Carl Icahn in dramatic resignation from board at Yahoo!Carl Icahn, the billionaire activist investor who launched a boardroom coup against Yahoo! last year, has resigned from the internet group’s board. Source: Latest Business News from Times Online | 23 Oct 2009 | 6:01 pm Struggles of Ivory Coast’s cocoa farmers are set to force up the price of chocolateCocoa prices hit a 30-year high yesterday as poor weather threatens to drive the price of chocolate up again for Western consumers. Source: Latest Business News from Times Online | 23 Oct 2009 | 6:01 pm Yanzhou Coal gets go-ahead for China’s biggest Australian acquisitionAustralia has approved the biggest takeover of an Australian mining company by a Chinese peer in a significant boost for Beijing’s scramble for natural resources. Source: Latest Business News from Times Online | 23 Oct 2009 | 6:01 pm Duchess takes Little Red to the small screenHandmade, the film company established by George Harrison in the 1970s to finance The Life of Brian, has turned to Sarah Ferguson, the Duchess of York, to spearhead its entry into children’s television. Source: Latest Business News from Times Online | 23 Oct 2009 | 6:01 pm Tempus: Consumer goods hold promise for investors shopping aroundThe great consumer downturn was really something of a damp squib. Yes, sales fell across the board, but in the middle of the first global recession since the Second World War, this is far from the worst case scenario. Source: Latest Business News from Times Online | 23 Oct 2009 | 6:01 pm Virgin Money signals new move for Northern RockVirgin Money is applying for a banking licence as the business gears up to buy banking assets, which may be sold over the next year. Source: Latest Business News from Times Online | 23 Oct 2009 | 6:01 pm John Lewis lifts high street hopes with fifth rise in weekly salesJohn Lewis, Britain’s biggest department store chain, raised hopes of a recovery on the high street yesterday with a fifth consecutive increase in weekly sales. Source: Latest Business News from Times Online | 23 Oct 2009 | 6:01 pm Farmers Capital Bank Corporation Announces Merger of AffiliatesFRANKFORT, Ky., Oct. 23 /PRNewswire-FirstCall/ -- Farmers Capital Bank Corporation (Nasdaq: FFKT) ("the Company") announced that it is in the preliminary stages of...Source: RSS feed - channel BNewsBusiness | 23 Oct 2009 | 6:00 pm Stocks end week lower as investors take profits (AP)
Source: Yahoo! News: Stock Markets News | 23 Oct 2009 | 5:41 pm Tehran’s nuclear deal deadline extendedThe US responded to Iran’s failure to meet a deadline for a high-profile nuclear deal by saying it was willing to wait a few more days but that its patience was limited.Source: Financial Times - US homepage | 23 Oct 2009 | 5:29 pm Icahn resigns as Yahoo directorBillionaire investor Carl Icahn resigns with immediate effect from the board of internet giant Yahoo.Source: BBC News | Business | World Edition | 23 Oct 2009 | 5:26 pm Microsoft results top expectations, shares jumpNEW YORK (Reuters) - Microsoft Corp's results smashed Wall Street expectations on Friday, sending its shares up 7 percent, as the PC market improved and sales of its Windows software and Halo video game were stronger than expected.Source: Reuters: Business News | 23 Oct 2009 | 5:21 pm Amazon gains 30% - record highShares of Amazon.com surged to an all-time high Friday as investors bet that the online retailer would dominate e-commerce as shell-shocked consumers gradually begin spending again.Source: Business and financial news - CNNMoney.com | 23 Oct 2009 | 5:16 pm Icahn resigns from Yahoo boardActivist investor Carl Icahn is resigning from Yahoo Inc.'s board of directors.Source: Business and financial news - CNNMoney.com | 23 Oct 2009 | 5:12 pm Canadian Markets: Canada falls as Agrium, energy stocks slumpCanadian equities drop in a broad-based decline, with pressure from shares of Agrium Inc. as well as from oil and gas issues as energy prices fall.
Source: MarketWatch.com - Top Stories | 23 Oct 2009 | 5:05 pm Weekend Investor: Oil's rally leaves investors behindOil-linked exchange-traded funds have been posting solid gains, but these specialized funds are complex and risky instruments that don't fully capture oil-price moves.
Source: MarketWatch.com - Top Stories | 23 Oct 2009 | 5:02 pm MarketWatch First Take: A very rare move for activist investor Carl IcahnIcahn has nothing but praise for Yahoo's CEO as he announces his departure from the board.
Source: MarketWatch.com - Top Stories | 23 Oct 2009 | 4:59 pm Dow can't hold 10,000Stocks slumped Friday, in a broad-based selloff that was especially hard on the leaders of the most recent leg of the rally - banks, energy shares and transportation companies.Source: Business and financial news - CNNMoney.com | 23 Oct 2009 | 4:38 pm Soros calls Wall St profits ‘gifts’ from stateThe big profits made by some of Wall Street’s leading banks are “hidden gifts” from the state, and taxpayer resentment of such companies is “justified”, George Soros, the fund manager, said in an interview with the Financial Times.Source: Financial Times - US homepage | 23 Oct 2009 | 4:32 pm Write-Offs: 10.23.09$$$ CIT CEO's Wife Very Angry at Obama for Cutting Wall Street Salaries [NYM] $$$ ICAP US Unit Receives "Wells" Notice From SEC [NASDAQ] $$$ Professor Bartiromo [NYP] $$$ CHUPI (NOT) IN CRISIS: Banker Buys 2nd Palazzo Apartment [Curbed] $$$ Job of the Week: Bentley Associates Needs a Managing Director. You. [DB Career Center] $$$ BofA's Countrywide to Get Subpoena Over VIP Program [CNBC] 
 Sponsored Topics: Bank of America - Bank of America Home Loans - Wall Street - U.S. Securities and Exchange Commission - Business Source: Dealbreaker | 23 Oct 2009 | 4:17 pm Microsoft wows the StreetMicrosoft Corp.'s stock soared early Friday after the software giant reported quarterly sales and profit that fell from year-ago results but easily beat Wall Street's forecasts.Source: Business and financial news - CNNMoney.com | 23 Oct 2009 | 4:13 pm Ken Lewis Sets The Standard Once Again
But KF has tried to make it clear that he would invoke the power of the claw only in rare cases. What exactly does a former Banker of the Year have to do to warrant such a severe penalty? BAC has cornered the market on neither admitting nor denying any wrongdoing. You can't go after Ken Lewis just because. You need a good reason. So Ken Feinberg, exactly what warrants singling KL out?
Sponsored Topics: Ken Lewis - Bank of America - Kenneth Feinberg - George Washington University - Law school Source: Dealbreaker | 23 Oct 2009 | 4:04 pm Merlin theme park group eyes listingMerlin Entertainments, the Blackstone-owned theme park group whose assets include Madame Tussauds, Legoland, and the London Eye, is preparing a stock market flotation, setting the stage for a flurry of UK listings in the new yearSource: Financial Times - US homepage | 23 Oct 2009 | 4:03 pm Carl Icahn Leaves Yahoo! (YHOO) Board Without Getting What He WantedCarl Icahn, who joined the Yahoo! (NASDAQ:YHOO) board on July 21.2008 after a long proxy fight with the company. The portal company had rejected Microsoft’s (NASDAQ:MSFT) search and restructuring proposal just the week before. The Microsoft negotiation was the end of a long series of events which began when the world’s largest software company made [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Oct 2009 | 4:02 pm How the major stock indexes fared on Friday (AP)AP - Investors dumped stocks and locked in profits Friday after the glow of a week full of strong earnings reports faded. The retreat came as cautious forecasts from railroads caused unease about the economy and a rising dollar pushed prices of commodities lower, which hurt materials and energy stocks. Traders appeared eager to collect gains after stock indexes rose more than 6 percent in the three weeks leading into Friday.Source: Yahoo! News: Stock Markets News | 23 Oct 2009 | 3:47 pm 101st Bank Failure Of 2009American United Bank of Lawrenceville, Georgia, was closed today by the Georgia Department of Banking & Finance. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie, Georgia, to assume all of the deposits of American United Bank. According to the FDIC as of August 11, 2009, American United Bank [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Oct 2009 | 3:41 pm 100th Bank Failure of 2009The nation had its 100th bank failure of the year as Office of Thrift Supervision closed Partners Bank located in Naples, Florida. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Stonegate Bank, Fort Lauderdale, Florida, to assume all of the deposits of Partners Bank As of September 30, 2009, Partners Bank [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Oct 2009 | 3:37 pm Buoyant tech shares recall the dotcom eraThe latest consumer technology and recession-busting online bargains have encouraged shoppers to open their wallets again, according to earnings reports that sent leading tech stocks higherSource: Financial Times - US homepage | 23 Oct 2009 | 3:31 pm Postal strikes delay 40% of mailThe nationwide postal strikes have delayed about 30 million letters, some 40% of a typical day's post, Royal Mail says.Source: BBC News | Business | World Edition | 23 Oct 2009 | 3:28 pm Podcast: Elinor Ostrom Checks In
Political scientist, economist, Nobel laureate. (Indiana University via Getty Images) On today's Planet Money: This month, Indiana University professor Elinor Ostrom became the first woman to win the Nobel prize for economics. Ostrom explains her groundbreaking research into the public management of natural resources. The political scientist argues that people should be empowered to organize themselves in small ways that scale up to a global network. Government can be helpful in doing that, but people shouldn't rely on it alone. Bonus: After the jump, the girl who gotten bitten by a dog. Download the podcast; or subscribe. Music: XX's "Islands" and Magic Missile's "Tragedy of the Commons." Find us: Twitter/ Facebook/ Flickr. Tanya Dina Ruttenberg writes from WYPR land: Last winter my daughter was bitten by my neighbor's dog and had to get several stitches on her nose. It turns out the emergency room doc who stitched her up was an out-of-network provider. She charged about $800 and the insurance company decided the "reasonable and customary" (r&c) charge for the service was about $600. The reimbursement for out-of-network provider was about 70% so they paid her 70% of $600. It never entered my mind that this doc could be out-of-network since every other MD we've seen at this hospital was in our network. Moreover, the question of in or out of network didn't occur to me because we were in the emergency room and you don't get to pick your doctor in the emergency room! The insurance company processed it as an out of network claim and paid 70%. After a phone call to the insurance company they "remembered" their policy of paying as in-network for any emergency room visit. This means that they apply $250 to the in-network deductible and then pay at 100% of r&c. However, since the doctor was not really in-network, she had not agreed to accept what the insurance company said was reasonable and customary and persisted in charging $800. Her right to do as far as I was concerned. The balance therefore was $250 (deductible) plus the difference between "r&c" and balance the doctor said we owed her. Norm (the neighbor) was willing to pay the bills, but was concerned about how much it was and we agreed with him to appeal the decision of the insurance company to only pay "r & c". This totaled about $400 at this point. The insurance company denied the appeal and refused to pay anymore. So Norm was getting ready to pay the full balance, but decided to first consult a doctor friend of his who has ties to the insurance industry. Norm thought this guy might have some inside knowledge about how these things get paid/decided. Here is the email exchange between Norm and his friend: Letter from neighbor Norm to his doctor friend: My neighbor brought her daughter into the emergency room to get stitches in her nose from a dog bite. She had insurance from Guardian (?). She got a bill for some enormous amount and the insurance company at first refused to pay the physician portion of the bill because she was not one of their providers. After arguing about it they paid a portion of the bill but refused to pay $400 of it saying it was above the customary charges. It is not like she had a choice of who to see in the ER or ask what they were charging. Does she have any recourse? You are probably saying what am I so concerned about this for and that is a fair question. It was my dog who bit her and I am paying the bills. Reply from doctor friend: From a review of the data that you presented it appears that this was a true emergency and the definition of that status is important for the case. Aside from a deductible there should be no other obligation from the patient. It is irrelevant if the provider was outside of the panel of her insurance coverage in view of the emergency. If the charges were above customary, again the obligation should not extend beyond the deductible. Every insurance plan has an appeal process. If you were denied coverage at the initial level, you can request an appeal to the next level. Lastly, you can contact the insurance commission for the State of Maryland and file a complaint. You can also do this through the Health Department for the State of Maryland ( preferred route ). This complaint would be against the provider for excessive charges if this is true. On the other hand the complaint might be against the insurance company for denial of their fiduciary responsibility for the emergency care. Frequently insurers refuse to pay for services outside of their coverage responsibilities and claim charges exceed the usual and customary charges. The patient does not have an obligation to pay if the insurance company does not pay, even though the provider thinks otherwise. Norm agreed to pay the $250 deductible and no more. That was fine with us. This left a balance of a little less than $200 which I expected the doctor to settle on, but the collection company employed by the doctor refused to settle. I fully intended to file a complaint against the insurance company but never got around to it. I did not feel $800 was an excessive charge for stitching up my daughter's nose. If it wasn't done well she might have ended up needing cosmetic surgery (something Norm would have happily paid for had it been necessary). I feel the insurance company should have paid the bill in full. I never did file any complaint. What really ended up happening is that we are declaring bankruptcy for other reasons and the balance of this bill will be discharged in the banktruptcy. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 23 Oct 2009 | 3:18 pm Wall St falls on weak industrials; transports dragNEW YORK (Reuters) - U.S. stocks fell on Friday, with the major indexes slipping for the first week in three, as industrial companies' weak results overshadowed robust earnings from tech and retail heavy-weights.Source: Reuters: Business News | 23 Oct 2009 | 3:15 pm Wall St falls on weak industrials; transports drag (Reuters)
Source: Yahoo! News: Stock Markets News | 23 Oct 2009 | 3:15 pm Wall St falls on weak industrials; transports drag (Reuters)
Source: Yahoo! News: Business | 23 Oct 2009 | 3:15 pm Investment Banking Self-Defense On The StripHave you ever wanted to learn how to kill a person with your bare hands, as a matter of self-defense or just cause? Are you going to be in Vegas the weekend of the 14th? I am and I thought we could take this class together, which comes highly recommended by the "senior staff" at Goldman.* Good afternoon,
Sponsored Topics: GoldmanSachs - Investment Banks - jpmorgan - Credit Suisse - Scotland Yard Source: Dealbreaker | 23 Oct 2009 | 3:10 pm Microsoft, Capital One, Broadcom are big movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:Source: Yahoo! News: Stock Markets News | 23 Oct 2009 | 3:09 pm Home Depot to offer 2 trade-in exchanges (AP)AP - Home-improvement retailer Home Depot Inc. will offer two exchanges ahead of the holiday season, for holiday lights and power drills.Source: Yahoo! News: Business | 23 Oct 2009 | 3:05 pm Great Depression Grub: Cattail Stew
Out of work and on line at the Salvation Army, circa 1935. (Hulton Archive/Getty Images) By Laura Conaway This week in the Great Recession marks the 80th anniversary of the "Black Tuesday" crash on Wall Street, an signal event of the Great Depression. As Sam Sanders writes for NPR, even that dark time had its winners. Sanders looks at businesses and people who made themselves wealthy during those years -- from Mae West to Joseph Kennedy -- and at how everyone else eked by. For one thing, he notes, a lot of them were locavores before anyone had thought to call themselves such a thing: Soup became a staple because it could be made with whatever was in the kitchen, could be cooked in one pot and could be stretched just by adding water. Depression soup was one part ketchup to two parts water. Stale bread became croutons or bread pudding. Dishes began to be made from a variety of weeds, like dandelions, milkweed and cattails. People also began gardening to produce their own food and butchered their own meat. But many could no longer afford meat and began relying on meatless dishes like nut hash, black-eyed pea sausage, and meatloaf made of cottage cheese, crushed peanuts and rice. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 23 Oct 2009 | 2:59 pm Home sales scale 2-year high in September (Reuters)
Source: Yahoo! News: Business | 23 Oct 2009 | 2:56 pm Home sales scale 2-year high in SeptemberWASHINGTON (Reuters) - Sales of previously-owned U.S. homes jumped to a two-year high last month, according to data on Friday, though the looming expiry of a tax incentive for first-time home buyers was a major factor spurring sales.Source: Reuters: Business News | 23 Oct 2009 | 2:56 pm 'Guitar Hero' amps up for the holidaysIt's been a busy few years for Dan Rosenswieg. As president and CEO of the Guitar Hero division of game publisher Activision Blizzard, he's watched the music-genre video game industry explode.Source: Business and financial news - CNNMoney.com | 23 Oct 2009 | 2:51 pm Small Talk: A break from the headlinesMarketplace's Brendan Newnam and Rico Gagliano check in with members of the Marketplace staff on the news that didn't quite make it on the radio this past week.Source: Marketplace | 23 Oct 2009 | 2:49 pm Record recession for UK economyThe UK economy unexpectedly shrank 0.4% between July and September, making the recession the longest since records began.Source: BBC News | Business | World Edition | 23 Oct 2009 | 2:48 pm Purell in short supply - but don't hoard itDemand for hand sanitizer has gone through the roof since the first cases of swine flu broke out earlier this year, and some makers of the germ-fighting gels are scrambling to keep up.Source: Business and financial news - CNNMoney.com | 23 Oct 2009 | 2:46 pm NBC's Leno test is getting low scores"The Jay Leno Show" has been an experiment by struggling TV network NBC to see whether inexpensively produced shows could woo primetime audiences. Ashley Milne-Tyte reports the results.Source: Marketplace | 23 Oct 2009 | 2:42 pm Why "350" is key to global warmingEnvironmentalist Bill McKibben, one of the first authors to write extensively about climate change, talks with Kai Ryssdal about Saturday's International Day of Climate Action and why "350" is the magic number for global warming.Source: Marketplace | 23 Oct 2009 | 2:42 pm Should Detroit go to Hyundai school?Hyundai has become one of the biggest automakers in the world. It now sells more cars in the U.S. than Chrysler. Alisa Roth reports on what the Detroit Three might learn from their South Korean competitor.Source: Marketplace | 23 Oct 2009 | 2:41 pm Weekly WrapLeigh Gallagher of Fortune Magazine and Mike Mandel of Businessweek join Kai Ryssdal in discussing the cutting of executive's compensation at bailed-out companies and other business news of the week.Source: Marketplace | 23 Oct 2009 | 2:41 pm Should home-buyer tax credit go on?Sales of existing homes jumped 9.4% last month, fueling debate over whether the first-time home-buyer tax credit should be extended beyond its Nov. 30 cutoff. Nancy Marshall Genzer reports.Source: Marketplace | 23 Oct 2009 | 2:41 pm Profits are down, but tech stocks are upEven though profits are down for Microsoft and other tech companies, their performances have been called "better than expected" and their stock prices are climbing again. Why? Mitchell Hartman reports.Source: Marketplace | 23 Oct 2009 | 2:41 pm Making Fed the enforcer is uphill battleFed Chairman Ben Bernanke is calling on Congress to approve new regulations that would prevent another financial crisis. And he wants the Fed to be appointed the enforcer. But that idea probably won't fly with lawmakers. John Dimsdale reports.Source: Marketplace | 23 Oct 2009 | 2:41 pm Sussman on Coal Industry, Knudsen on U.S. Stock Market: AudioSource: Bloomberg - All Podcasts | 23 Oct 2009 | 2:29 pm Sterling tumbles as recovery hopes fadeThe deepest recession in a generation is not yet over as the UK economy contracts by 0.4% in the third quarterSource: Financial Times - US homepage | 23 Oct 2009 | 2:17 pm Swiss Concerned About Exodus Along Italian Border
Sponsored Topics: Country music - Italy - Business - Iron - History Source: Dealbreaker | 23 Oct 2009 | 2:11 pm Presented By:Source: Dealbreaker | 23 Oct 2009 | 2:11 pm House panel's probe targets big mortgage lenders (AP)AP - A House panel is investigating the role of mortgage lenders in the financial crisis and is seeking information from some of the biggest U.S. companies to determine if they used deceptive practices to lure borrowers into the housing boom.Source: Yahoo! News: Business | 23 Oct 2009 | 2:02 pm Jimmy Cayne Has Some Questions He'd Like To Ask
Ace would always be the guy who marched to his own drumbeat. It's what made him a media darling; the press loved his mannerisms, from the magic tricks he performed on the trading desk to the fact that he answered his own telephone calls. Cayne saw the dark side of Greenberg's personality; it's why he never doubted the sexual harassment story.
Sponsored Topics: New York Times - New York City - Sexual harassment - Charlie Gasparino - Sexual intercourse Source: Dealbreaker | 23 Oct 2009 | 1:47 pm Schäuble tipped as German finance ministerThe veteran conservative has emerged as favourite for the post, placing him at the centre of a new coalition government that will juggle a strained budget with delivering tax cutsSource: Financial Times - US homepage | 23 Oct 2009 | 1:43 pm Galleon’s reachInvestment: As a New York hedge fund chief faces charges of insider dealing, a case that also involves IBM, Intel and McKinsey executives is causing shock well beyond the world of financeSource: Financial Times - US homepage | 23 Oct 2009 | 1:38 pm BofA's Countrywide to get subpoena over VIP programWASHINGTON (Reuters) - A U.S. lawmaker said on Friday he will issue a subpoena to Countrywide Financial, now part of Bank of America Corp, as part of a probe into whether the lender gave favored terms to lawmakers and other VIPs.Source: Reuters: Business News | 23 Oct 2009 | 1:37 pm When the recovery finally comes it must be made sustainableLuckily I didn't find a bookie to take my bet back in June that we'd see flat GDP figures in the third quarter.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Oct 2009 | 1:36 pm Icahn Claims Close to Par Value in CIT Bonds (CIT, GS)CIT Group, Inc. (NYSE: CIT) has had a lot of news this week. A lot this year for that matter. Last night there was word that it had reached a loan agreement with Goldman Sachs Group (NYSE: GS). And even earlier this week came challenges from Carl Icahn over the removal of management and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Oct 2009 | 1:22 pm Regulators are for wimps Sir RichardAnother successful quarter for BSkyB will bring tears to the eyes of rivals such as Sir Richard Branson who believes Sky's success should be regulated away to let him share the returns of payTV.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Oct 2009 | 1:15 pm Chaucer sees Pamplona take a larger stakeChaucer Holdings was a talking point on the London markets on Friday as Pamplona increased its stake in the Lloyd's of London underwriter.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Oct 2009 | 1:05 pm Alcatel-Lucent Raised to `Buy’ at Goldman Sachs: AudioSource: Bloomberg - All Podcasts | 23 Oct 2009 | 1:00 pm Who cares if Wall Street 'talent' leaves?There's no need to fear a Wall Street brain drain -- despite the crackdown on pay by Washington.Source: Business and financial news - CNNMoney.com | 23 Oct 2009 | 1:00 pm L&G leads rush to buy Lloyds and RBS property portfoliosTop UK fund managers are in talks with stateowned banks about helping to unwind the £225bn of debt linked to the UK property industry.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Oct 2009 | 1:00 pm Hopes fade of quick victory over TalibanSenior Pakistani officials and commentators have moved to temper expectations that the army’s offensive against militants in South Waziristan will be a lightning campaign. Imminent snow could scupper the pushSource: Financial Times - US homepage | 23 Oct 2009 | 12:48 pm Resolution granted FSA approval for Friends dealClive Cowdery's Resolution has been granted permission to complete its takeover of insurance group Friends Provident.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Oct 2009 | 12:45 pm Chinese consumers opt for bigger TVsAs calls mount for Chinese consumers to spend more to help fix global imbalances, it appears they have learnt at least one lesson from their US counterparts – bigger is better when it comes to flat-screen televisionsSource: Financial Times - US homepage | 23 Oct 2009 | 12:43 pm Sir Richard Branson to launch 'Virgin Bank'Virgin Money the consumer credit arm of Sir Richard's business empire has applied for a full banking licence.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Oct 2009 | 12:38 pm US home sales unexpectedly higherSales of previously-owned US homes surged last month to the highest in more than two years, an estate agent body says.Source: BBC News | Business | World Edition | 23 Oct 2009 | 12:37 pm Sandler Likes Cap-Weighted Biotechnology ETFs: AudioSource: Bloomberg - All Podcasts | 23 Oct 2009 | 12:37 pm Prechter Sees Dollar Making Move Higher: AudioSource: Bloomberg - All Podcasts | 23 Oct 2009 | 12:32 pm Nokia could seek up to $1 billion for iPhones: analystsHELSINKI (Reuters) - Apple faces the possibility of having to pay Nokia up to $1 billion for the technologies used in iPhones sold so far if it loses a lawsuit brought by Nokia, analysts said.Source: Reuters: Business News | 23 Oct 2009 | 12:24 pm Michael Jackson's mad moneyWe all know that Michael Jackson was one of the greatest entertainers who ever lived. But when it came to how he conducted his business and financial affairs, was he smart, lucky, or mad? As depicted in the Fight Over Michael's Millions , he managed to be all at the same time.Source: Business and financial news - CNNMoney.com | 23 Oct 2009 | 12:23 pm BSkyB profits boosted as HD box sells every 30 secondsBSkyB profits have surged 40pc following strong demand from new customers for its high definition boxes.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Oct 2009 | 12:22 pm Oil price rises above $81 levelThe price of oil rises above $81 a barrel, a new high for the year, on hopes the global economic recovery is continuing.Source: BBC News | Business | World Edition | 23 Oct 2009 | 12:09 pm Merrill Lynch fined £2.5m over wrong valuationsIreland's financial regulator has fined Merrill Lynch €2.75m £2.5m for two cases of traders inappropriately valuing their positions.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Oct 2009 | 12:04 pm Nokia (NOK) Patent Dispute Could Cost Apple (AAPL) $1 BillionAnalysts are beginning to calculate what a lose in a patent lawsuit brought by Nokia (NYSE:NOK) could cost Apple (NASDAQ:AAPL). Piper Jaffray analyst Gene Munster believes that the figure could be as much as $2 per iPhone. That would put Apple’s liability at $200 million for the handsets it has sold so far. Munster’s figure is [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Oct 2009 | 11:55 am Flexner Sees `Weak' Office Leasing in New York: AudioSource: Bloomberg - All Podcasts | 23 Oct 2009 | 11:47 am Dinallo Says CDS Market Should Be Regulated as Insurance: AudioSource: Bloomberg - All Podcasts | 23 Oct 2009 | 11:46 am Liquid gold rushSouth Africa's wine exports hit record levelsSource: BBC News | Business | World Edition | 23 Oct 2009 | 11:40 am Provident Financial keeps tight rein on creditProvident Financial a subprime doorstep lender is rejecting 83pc of applications for new credit cards as it continues to keep a tight rein on lending in the face of the recession.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Oct 2009 | 11:39 am Airline industry is through the worst says IATA chief Giovanni BisignaniAirlines are past the worst of the economic downturn Giovanni Bisignani head of the industry's trade body has said.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Oct 2009 | 11:37 am For Once, A Tax Day To Look Forward To
Sponsored Topics: Welfare state - Norway - Government - US - Economic Source: Dealbreaker | 23 Oct 2009 | 11:34 am IberiaBank opens new mortgage offices in Ala., Ga. (AP)AP - IberiaBank Corp. has opened three new mortgage offices in Alabama and two in Georgia.Source: Yahoo! News: Business | 23 Oct 2009 | 11:23 am Next Week’s Top 10 Earnings (VZ, APOL, VLO, V, WYNN, COP, FSLR, CME, XOM, PG)This week was the crest of 2009 third quarter earnings season. We still have a flood of reports next week and picking a mere top ten earnings to watch was very unfair to many key stocks. But the ten earnings we have flagged as the top ten for next week are Verizon Communications Inc. (NYSE: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Oct 2009 | 11:21 am Fed chief warns banks on capitalBen Bernanke, chairman of the Federal Reserve, placed capital at the centre of his recipe for improving the financial system’s safety, putting banks on notice that they faced a possible capital surcharge or higher equity buffersSource: Financial Times - US homepage | 23 Oct 2009 | 11:17 am Mixed Bag on Oil Rig Counts (BHI, OIH, DIG, USO, OIL)Baker Hughes, Inc. (NYSE: BHI) has released its weekly rig counts, and the results are not as strong as you would expect considering $80 oil is here. We have watched the Oil Services HOLDRs (NYSE: OIH), the Ultra Oil & Gas ProShares (NYSE: DIG), the United States Oil (NYSE: USO) ETF and the iPath S&P [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Oct 2009 | 11:15 am A look at economic developments around the globe (AP)AP - A look at economic developments and activity in major stock markets around the world Friday:Source: Yahoo! News: Stock Markets News | 23 Oct 2009 | 11:07 am Money Never Sleeps Star Not Big Hit In Hot Hedge Fund Mom Circles
To: Dealbreaker
Sponsored Topics: Shia LaBeouf - Wall Street - Hedge fund - Business - Investing Source: Dealbreaker | 23 Oct 2009 | 11:05 am FTSE 100 up despite disappointing economic data (AFP)
Source: Yahoo! News: Business | 23 Oct 2009 | 10:51 am FTSE 100 up despite disappointing economic data (AFP)
Source: Yahoo! News: Stock Markets News | 23 Oct 2009 | 10:51 am Microsoft results top expectations, shares jump (Reuters)
Source: Yahoo! News: Business | 23 Oct 2009 | 10:40 am Lonski Says Worst Is Over for U.S. Housing (Correct)Source: Bloomberg - All Podcasts | 23 Oct 2009 | 10:36 am The one market you can't ignore is ...There have been so many market milestones making headlines lately that it's getting hard to keep track of them all.Source: Business and financial news - CNNMoney.com | 23 Oct 2009 | 10:24 am Laying on bets at America's biggest pension fundSAN FRANCISCO/NEW YORK (Reuters) - Russell Read, the former chief investment officer of Calpers, the largest pension fund in the United States, knows his trees.Source: Reuters: Business News | 23 Oct 2009 | 10:16 am How to get off the mortgage treadmillBarry Ritholtz of Fusion IQ talks with host Bob Moon about the effectiveness of loan modification programs and what we really need to do to keep people in their homes.Source: Marketplace Money | 23 Oct 2009 | 10:04 am A music studio and a gumball machineJason Priest and his 13-year-old daughter Kennedy talk about how they went into business together, with music and gum.Source: Marketplace Money | 23 Oct 2009 | 10:02 am One family's recessionary taleThe Kaser family of suburban Minneapolis has been hit hard by the recession. Both parents have lost their jobs, and they are no longer able to make the mortgage payments. Annie Baxter reports on how the family is coping.Source: Marketplace Money | 23 Oct 2009 | 10:01 am How to find lower holiday airfaresGeorge Hobica of Airfarewatchdog.com discusses what to expect in airline fares for the upcoming holiday season.Source: Marketplace Money | 23 Oct 2009 | 10:01 am Suffering from a case of 'luxury guilt?'If you're fortunate enough to be able to buy something nice for yourself, despite the recession, do you do it? Bob Moon looks into something dubbed "luxury guilt."Source: Marketplace Money | 23 Oct 2009 | 10:01 am Don't let online reviews fake you outIf you're looking to buy a product or service, checking reviews online is a good way to get more information before deciding. But how do you know the reviews are genuine or fake? Sally Herships reports.Source: Marketplace Money | 23 Oct 2009 | 10:01 am Buying your own business onlineIf you're one of the many people out of work, starting your own business may have crossed your mind. As it turns out, the Web can help you do that. Eve Troeh reports.Source: Marketplace Money | 23 Oct 2009 | 10:01 am Getting PersonalNic Retsinas, director of Harvard University's Joint Center for Housing Studies, and Bob Moon answer listeners' questions ranging from lender troubles to subprime second mortgages.Source: Marketplace Money | 23 Oct 2009 | 10:01 am Why I say no to health insuranceJournalist Duncan Moore explains why he chose to be one of the millions of Americans without health insurance.Source: Marketplace Money | 23 Oct 2009 | 10:01 am How to haggle for the best medical costMark Rukavina of the nonprofit Access Project talks with Bob Moon about what consumers can do to negotiate the prices they pay for medical care.Source: Marketplace Money | 23 Oct 2009 | 10:00 am "I'm At MIT Sloan, Racking Up The Mother F*cking Student Loans"
Sponsored Topics: Massachusetts Institute of Technology - Business - MIT Sloan School of Management - Business school - Education Source: Dealbreaker | 23 Oct 2009 | 10:00 am DIY filling the gaps in tougher timesCost-conscious do-it-yourselfers are picking up where tradespeople left off at big-box hardware stores.The traditional Kiwi home improvement working bee will be in full swing this long weekend, and it's this part of the market...Source: nzherald.co.nz - Business | 23 Oct 2009 | 10:00 am Nearly 2000 rooms being built for cupNew Zealand has 952 new hotel rooms/tourist apartments under construction and 551 rooms opened this year.Jones Lang LaSalle Hotels' Australasian survey found 1503 rooms either well advanced or opened and ready for Rugby World...Source: nzherald.co.nz - Business | 23 Oct 2009 | 10:00 am Allpress taking the espresso to LondonAllpress coffee founder Mike Allpress can sense the sweet taste of success.By March 2010 he has plans to sell his New Zealand espresso in London, in a nation he says is full of tea and bad-coffee drinkers."There is a huge...Source: nzherald.co.nz - Business | 23 Oct 2009 | 10:00 am Engineer sees climate change as challengeThe man behind the bagless Dyson vacuum cleaner is in Australasia to launch his company's latest innovation - a bladeless fan.For the British inventor less is more."We've always been against consumables with our products."I...Source: nzherald.co.nz - Business | 23 Oct 2009 | 10:00 am Brian Gaynor : Questions, dismay over market movesThe two major issues this week were the Kathmandu initial public offering (IPO) and the proposed purchase of 13 per cent of PGG Wrightson by Agria Corporation.These created a great deal of discussion because Kathmandu is the first...Source: nzherald.co.nz - Business | 23 Oct 2009 | 10:00 am Telco complaints surge, mainly over mobilesMELBOURNE: Complaints against the telecommunications industry in Australia rose a whopping 54 per cent in the 2008-09 financial year, prompting the industry ombudsman to issue a warning to business and consumers.Releasing the...Source: nzherald.co.nz - Business | 23 Oct 2009 | 10:00 am Mary Holm : No havens from house wobblesIf, as you say, house prices may fall over the next three years, I am willing to bet that the neighbourhood those two high salary earners in your column recently wish to live in will not. Hence your advice to them to stay out...Source: nzherald.co.nz - Business | 23 Oct 2009 | 10:00 am Amex sees improvementNEW YORK: American Express reported its eighth straight quarter of falling profits yesterday as consumers spent and borrowed less.However, while the New York-based credit card company reported a 22 per cent drop in earnings, it...Source: nzherald.co.nz - Business | 23 Oct 2009 | 10:00 am Norwegians delve into 'tax porno'OSLO: It's the moment nosy Norwegian neighbours have been waiting for - the release of official records showing the annual income and overall wealth of nearly every taxpayer in the Scandinavian country.In a move that would be...Source: nzherald.co.nz - Business | 23 Oct 2009 | 10:00 am President's son stands asidePARIS: Amid fierce accusations of favouritism, President Nicolas Sarkozy's son renounced his candidacy yesterday for the leadership of the organisation that runs France's most important business district in Paris.Jean Sarkozy...Source: nzherald.co.nz - Business | 23 Oct 2009 | 10:00 am Netflix Battleground Status Continues (NFLX, BBI, CSTR)Netflix Inc. (NASDAQ: NFLX) is a true battleground stock. It has a loyal customer base, a cult-like stock following, and trades with a very high short interest. Shares are screaming today and have effectively hit not just 52-week highs… all-time highs. The earnings report showed a 48% profit rise and it raised its annual subscriber [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Oct 2009 | 9:53 am Presented Without Comment: Ken Feinberg
Pay Czar Doubts Cuts Will Make Bankers Leave [NYT]
Sponsored Topics: Wall Street - Kenneth Feinberg - Government - New York Times - Business Source: Dealbreaker | 23 Oct 2009 | 9:52 am Tax Break Pushes Existing Home Sales UpwardBy Laura Conaway Sales of existing homes hit a two-year high last month, as buyers scrambled to use the $8,000 federal tax break for rookie owners. Bloomberg reports: Purchases jumped 9.4 percent to a 5.57 million annual rate, more than forecast and following a 5.09 rate in August, the National Association of Realtors said today in Washington. The median price fell at the slowest pace in a year. The tax break runs out Nov. 30. Some members of Congress and the housing lobby have been pushing to extend the program and increase the amount to as much as $15,000. A Treasury Department audit this week show signs of fraud and abuse in the program. One reported buyer was four years old. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 23 Oct 2009 | 9:25 am This Week’s Weird Jobs
1. CA: Professional Career Position We are looking for individuals who want to be Business to Business Sales Professionals and to be part of this ground floor opportunity, which will have unprecedented growth in this market. This is a Professional Career Position, in an industry that has unlimited growth potential. We seek highly motivated individuals to Track into Business Sales/ Management with $75K to $150K first year earnings. Second year will be well into six figures. Email your resume for a personal interview. Could the title of this job posting be any more unoriginal? 2. Sacramento: Church Janitorial/Groundskeeper 3. Sacramento: Cubicle Installers Seeking Cubicle Installers with minimum 3 years Experience. Must have own tools and transportation. Must intrinsically know how to make ‘em low enough to pop a head over, but high enough not to get distracted. 4. Sacramento: Foster care for my cat * Compensation: $150 per month, plus food…kitty litter…and medical if needed Cat is pretty chill, unless you make sudden movements, spaz out, act like a child, or stress her out in other undisclosed ways. Job Requirements: Compensation: $8.00 per hour Be happy *and* like people for $8/hour working in a convenience store? No wonder drug testing wasn’t mentioned. Happy Friday!
Source: Business Pundit | 23 Oct 2009 | 9:24 am Microsoft Stock (MSFT) Up 7-8% After Earnings Release Drastically Outperforms EstimatesMicrosoft’s stock (MSFT) shot up early this morning as it drastically outperformed earnings estimates in the 3rd quarter. This is largely due to the continued success of XBox 360 and Microsoft Office and despite the overall failure of Windows Vista. Many investors will see the surprising strength of MSFT in the Q3 combined with the inevitable success of Windows 7 (based on great critical reception so far) as reason enough to jump on for the ride.
Source: Business Pundit | 23 Oct 2009 | 8:52 am Dumas Sees `Decent' Real-Estate Recovery in U.K.: AudioSource: Bloomberg - All Podcasts | 23 Oct 2009 | 8:01 am Dole Joins Line of Disappointing IPOs (DOLE)Dole Food Company, Inc. (NYSE: DOLE) is making its re-return this morning and is joining in a long line of a very disappointing IPO market. Dole may be the largest producer and seller of fresh fruits and vegetables in the world, but it is also effectively being treated the same as private equity backed deals [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Oct 2009 | 7:50 am Townsend Sees `Excellent' Earnings Season for U.S. Banks: AudioSource: Bloomberg - All Podcasts | 23 Oct 2009 | 7:27 am Fight for the future of fishermenYoung fishermen in Scotland face an uncertain future, with fish prices plummeting, but one group is fighting to change that.Source: BBC News | Business | World Edition | 23 Oct 2009 | 7:22 am Today’s Best Market Rumors (10/23/2009) (TWX)(PALL)(T)(KFT)Updated throughout the day. Updated 1.36 PM EST: Nokia’s (NYSE:NOK) patent suit against Apple (NASDAQ:AAPL) could cost iPhone maker $1 billion (Reuters) The Bank of England may have to increase bond purchases after the UK economy shrank in Q3. (Bloomberg) Chrysler Financial will cease business within two years (CNBC) Time Warner’s (NYSE:TWX) Time, Inc publishing unit will eliminate serveral [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Oct 2009 | 7:14 am Windows sales 'please' MicrosoftMicrosoft says it is pleased with the demand for Windows 7 as it reports an 18% fall in quarterly profits.Source: BBC News | Business | World Edition | 23 Oct 2009 | 7:10 am Revenue downplays postal threatTax payers are unlikely to be fined if their self-assessment tax forms are delayed by the postal strikes, the Revenue says.Source: BBC News | Business | World Edition | 23 Oct 2009 | 6:51 am Fed's Move To Curb Risk Called 'Quite Brilliant'By Laura Conaway Good morning, and happy Friday to you. Here's what we're reading: The Federal Reserve says it will crack down on executive pay at the 28 biggest banking institutions. The Fed hopes to stop bankers and traders from enriching themselves by taking excessive risks. Simon Johnson hails the Fed's move as a "quite brilliant" means of dealing with the systemic dangers of being too big to fail. (Bonus: Responses from the PR departments of those who'd be regulated.) By contrast, critics say the White House announcement that it will cut the pay of top earners at seven bailed-out banks amounts to throwing the public a bone. And in any case, Wall Streeters don't like either proposal. People want to work here but they want to be paid fairly," a Bank of America spokesperson told Bloomberg. On Capitol Hill, Senate Majority Leader Harry Reid (D-Nev.) is pushing for a government-run health plan, the so-called public option, to be included in the health care overhaul legislation. Reid thinks the measure can gather support if it lets states opt out. The U.K. economy shrank 0.4 percent in the third quarter, a record sixth consecutive negative report. Government analysts had predicted growth of 0.2 percent. So much for that. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 23 Oct 2009 | 6:46 am Anyone Need a Smuggling Expert?
Source: Business Pundit | 23 Oct 2009 | 5:57 am China formally launches Nasdaq-style board (AFP)
Source: Yahoo! News: Stock Markets News | 23 Oct 2009 | 5:31 am European stocks rally amid mixed data (AFP)
Source: Yahoo! News: Stock Markets News | 23 Oct 2009 | 5:13 am
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