|
|
|
|
Madoff: Had 'too much credibility' with SEC (AP)
Source: Yahoo! News: Stock Markets News | 31 Oct 2009 | 4:26 am Obama says new data shows U.S. economy recoveringWASHINGTON (Reuters) - President Barack Obama used his weekly radio address on Saturday to tell Americans that this week's positive job and economic growth figures are yet more evidence that the U.S. economy is recovering.Source: Reuters: Business News | 31 Oct 2009 | 4:04 am Obama says new data shows U.S. economy recovering (Reuters)
Source: Yahoo! News: Business | 31 Oct 2009 | 4:04 am Nine U.S. banks seized in largest one-day haulLOS ANGELES (Reuters) - U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.Source: Reuters: Business News | 31 Oct 2009 | 3:44 am Auto Review: 2010 Mercedes Benz S400 Hybrid: Top notchImagine taking a top-of- the-line Mercedes S class sedan and making it into a hybrid, and one that claims a few firsts at that.
Source: MarketWatch.com - Top Stories | 31 Oct 2009 | 3:01 am Fairbank Farms Issues Voluntary Recall of Ground Beef in Eastern MarketsASHVILLE, N.Y., Oct. 31 /PRNewswire/ -- Fairbank Farms (USDA Establishment 492), a New York manufacturer of ground beef, has issued a voluntary recall for a specified line of fresh...Source: RSS feed - channel BNewsBusiness | 31 Oct 2009 | 2:35 am Obama administration: Toss wiretap lawsuitAttorney General Eric Holder says a lawsuit in San Francisco over warrantless wiretapping threatens to expose ongoing intelligence work and must be thrown out. In making the argument,...Source: RSS feed - channel BNewsBusiness | 31 Oct 2009 | 1:44 am Madoff: Had 'too much credibility' with SECAs Bernard Madoff sat in jail a few months after pleading guilty to fraud, he sounded faintly boastful. The only problem with officials at the Securities and Exchange Commission's...Source: RSS feed - channel BNewsBusiness | 31 Oct 2009 | 1:38 am Stocks sink as worries mount about spendingThe Dow sinks 249 points to 9,712 as mounting evidence of consumer wariness raises fresh fears that the still-struggling economy doesn't justify high share prices. Broader indexes also fall sharply. ...Source: RSS feed - channel BNPaperBusiness | 31 Oct 2009 | 1:00 am FDA urged to ban feeding of chicken feces to cattleFood and consumer groups say the practice increases the risk of cattle becoming infected with mad cow disease. A beef industry trade group say a ban isn't needed.A fight is brewing over the practice of feeding chicken feces and other poultry farm waste to cattle.
Source: L.A. Times - Business | 31 Oct 2009 | 1:00 am California to withhold a bigger chunk of paychecksThe amount goes up 10% on Sunday as Sacramento borrows from taxpayers. Technically, it's not an income tax increase: You'll get the money back eventually. ...Source: RSS feed - channel BNPaperBusiness | 31 Oct 2009 | 1:00 am California National Bank fails, is seized by FDICThe Los Angeles-based, 68-branch bank is immediately acquired by the U.S. Bank unit of U.S. Bancorp. Regulators...Source: RSS feed - channel BNPaperBusiness | 31 Oct 2009 | 1:00 am Miramax chief Daniel Battsek is forced outThe move comes soon after parent Disney's announcement that it would slash the studio's staff. Now it plans to close the New York headquarters and L.A. office and keep a small staff in Burbank. ...Source: RSS feed - channel BNPaperBusiness | 31 Oct 2009 | 1:00 am FDA urged to ban feeding of chicken feces to cattleFood and consumer groups say the practice increases the risk of cattle becoming infected with mad cow disease. A beef industry trade group say a ban isn't needed. ...Source: RSS feed - channel BNPaperBusiness | 31 Oct 2009 | 1:00 am Asian citrus psyllid nears California growing centerThe citrus pest, which has wreaked havoc elsewhere, is found in rural San Diego County. A high concentration of organic farmers in the area complicates efforts to control the insect. ...Source: RSS feed - channel BNPaperBusiness | 31 Oct 2009 | 1:00 am Banks, credit unions defend overdraft protection programsHouse legislation to limit the programs would mean more bounced checks and fees, industry representatives say. But backers of the bill say the plans are a 'profit center' for financial institutions. ...Source: RSS feed - channel BNPaperBusiness | 31 Oct 2009 | 1:00 am For stocks, a correction may come, but probably not a calamityIf only the economy were as easy to fix as the stock market.Source: RSS feed - channel BNPaperBusiness | 31 Oct 2009 | 1:00 am Amgen sued by California and 14 other states over anemia drugThe suit alleges that the Thousand Oaks biotech firm offered medical providers kickbacks to boost sales of Aranesp, leading to fraudulent claims for reimbursement from Medicaid and other insurers. ...Source: RSS feed - channel BNPaperBusiness | 31 Oct 2009 | 1:00 am Asian citrus psyllid nears California growing centerThe citrus pest, which has wreaked havoc elsewhere, is found in rural San Diego County. A high concentration of organic farmers in the area complicates efforts to control the insect.A tiny insect that threatens California's $1.6-billion citrus industry has been found near one of the state's commercial citrus growing regions.
Source: L.A. Times - Business | 31 Oct 2009 | 1:00 am Airlines' extra fees may soon be taking offDesperate for revenue, the industry looks at a la carte pricing for a variety of services. Airline passengers...Source: RSS feed - channel BNPaperBusiness | 31 Oct 2009 | 1:00 am For stocks, a correction may come, but probably not a calamityIf only the economy were as easy to fix as the stock market.
Source: L.A. Times - Business | 31 Oct 2009 | 1:00 am Stocks sink as worries mount about spendingThe Dow sinks 249 points to 9,712 as mounting evidence of consumer wariness raises fresh fears that the still-struggling economy doesn't justify high share prices. Broader indexes also fall sharply.After two powerful sell-offs in three days caused by growing concerns about the economic recovery's staying power, the stock market may be facing its biggest test since launching into a blazing rally almost eight months ago.
Source: L.A. Times - Business | 31 Oct 2009 | 1:00 am Banks, credit unions defend overdraft protection programsHouse legislation to limit the programs would mean more bounced checks and fees, industry representatives say. But backers of the bill say the plans are a 'profit center' for financial institutions.Banks and credit union officials described their controversial automatic overdraft protection programs -- with fees that average $35 each time they are triggered -- as a courtesy so customers aren't embarrassed when a store cashier denies a purchase or, worse, when a mortgage check bounces.
Source: L.A. Times - Business | 31 Oct 2009 | 1:00 am California to withhold a bigger chunk of paychecksThe amount goes up 10% on Sunday as Sacramento borrows from taxpayers. Technically, it's not an income tax increase: You'll get the money back eventually.Starting Sunday, cash-strapped California will dig deeper into the pocketbooks of wage earners -- holding back 10% more than it already does in state income taxes just as the biggest shopping season of the year kicks into gear.
Source: L.A. Times - Business | 31 Oct 2009 | 1:00 am Airlines' extra fees may soon be taking offDesperate for revenue, the industry looks at a la carte pricing for a variety of services.Airline passengers who are fed up with all those extra fees now charged by carriers are in for some bad news: More of the same is yet to come.
Source: L.A. Times - Business | 31 Oct 2009 | 1:00 am Amgen sued by California and 14 other states over anemia drugThe suit alleges that the Thousand Oaks biotech firm offered medical providers kickbacks to boost sales of Aranesp, leading to fraudulent claims for reimbursement from Medicaid and other insurers.New York, California and 13 other states are accusing biotech giant Amgen Inc. of offering kickbacks to medical providers to boost sales across the country of its anemia drug Aranesp, which increasingly has been beset by safety concerns.
Source: L.A. Times - Business | 31 Oct 2009 | 1:00 am California National Bank fails, is seized by FDICThe Los Angeles-based, 68-branch bank is immediately acquired by the U.S. Bank unit of U.S. Bancorp.Regulators seized Los Angeles-based California National Bank on Friday night in the country's fourth-largest bank failure this year.
Source: L.A. Times - Business | 31 Oct 2009 | 1:00 am Companies to pay $17M in San Diego wildfires caseSan Diego Gas & Electric and Cox Communications have agreed to pay $17 million to settle claims by state investigators that poor maintenance led to three huge Southern California wildfires...Source: RSS feed - channel BNewsBusiness | 31 Oct 2009 | 12:55 am China sees rocky export rebound, shrinking surplus (Reuters)Reuters - China's exports face a "hard and tortuous" path to recovery as uncertainties dog the global economy's gradual return to health, with this year's trade surplus set to shrink from last year's record, the Commerce Ministry said.Source: Yahoo! News: Business | 30 Oct 2009 | 11:17 pm China sees rocky export rebound, shrinking surplusBEIJING/SHANGHAI (Reuters) - China's exports face a "hard and tortuous" path to recovery as uncertainties dog the global economy's gradual return to health, with this year's trade surplus set to shrink from last year's record, the Commerce Ministry said.Source: Reuters: Business News | 30 Oct 2009 | 11:17 pm Federal regulators close 9 banks, mostly in WestAP Business Writers NEW YORK Regulators on Friday shut California National Bank of Los Angeles and eight smaller related banks as the weak economy continues to produce a stream of loan...Source: RSS feed - channel BNewsBusiness | 30 Oct 2009 | 11:09 pm Deadline for Philly transit strike loomsA midnight strike deadline loomed as Philadelphia's transit agency negotiated late Friday with its largest union in an attempt to avert a threatened strike that could disrupt bus and subwaySource: RSS feed - channel BNewsBusiness | 30 Oct 2009 | 10:20 pm Nine U.S. banks seized in largest one-day haul (Reuters)Reuters - U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.Source: Yahoo! News: Business | 30 Oct 2009 | 10:11 pm 9 banks in major holding company failNine subsidiaries of FBOP Corp., a multistate holding company that included California National Bank of Los Angeles, succumbed Friday to the nationwide banking crisis, bringing to 115 the number of banks closed by regulators so far this year.Source: Business and financial news - CNNMoney.com | 30 Oct 2009 | 9:25 pm Stocks to Watch: Stocks in focus for MondayAmong the companies whose shares are expected to see active trade in Monday's session are Ford Motor Co., Consolidated Edison Inc., Anadarko Petroleum Corp.
Source: MarketWatch.com - Top Stories | 30 Oct 2009 | 9:01 pm Market Snapshot: Reeling stock investors confront Fed, jobs, autosUpcoming week promises to be volatile mix of ecoomic data, earmnings, a Fed meeting and Washington politics.
Source: MarketWatch.com - Top Stories | 30 Oct 2009 | 9:01 pm CIT moves closer to pre-packaged bankruptcy approval (Reuters)
Source: Yahoo! News: Business | 30 Oct 2009 | 8:51 pm CIT moves closer to pre-packaged bankruptcy approvalNEW YORK (Reuters) - CIT Group has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast...Source: RSS feed - channel BNewsBusiness | 30 Oct 2009 | 8:51 pm CIT moves closer to pre-packaged bankruptcy approvalNEW YORK (Reuters) - CIT Group has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and get back to health.Source: Reuters: Business News | 30 Oct 2009 | 8:51 pm Buffett's Berkshire lowers stake in Moody by 2.9 pctNEW YORK, Oct 30 (Reuters) - Investor Warren Buffett's Berkshire Hathaway Inc sold 2.9 percent of its holdings in debt ratings agency Moody's Corp this week, raising $28.7 million in the transaction,...Source: RSS feed - channel BNewsBusiness | 30 Oct 2009 | 8:50 pm UPDATE 5-CIT moves closer to pre-packaged bankruptcy approval* Holders of 90 pct of unsecured debt ok prepack bankruptcySource: RSS feed - channel BNewsBusiness | 30 Oct 2009 | 8:50 pm UPDATE 5-CIT moves closer to pre-packaged bankruptcy approval* Holders of 90 pct of unsecured debt ok prepack bankruptcySource: RSS feed - channel BNewsBusiness | 30 Oct 2009 | 8:50 pm It's always Devil's Night hereMost people assume the Packard Plant in Detroit is vacant. It's an industrial ruin where the last car was manufactured 53 years ago.Source: Business and financial news - CNNMoney.com | 30 Oct 2009 | 8:37 pm Fed to meet bank execs on pay reviewsWASHINGTON (Reuters) - Federal Reserve officials are scheduled to meet with bank executives on Monday to discuss executive pay at large financial firms, a Fed spokesperson said on Friday.Source: Reuters: Business News | 30 Oct 2009 | 8:19 pm Time Warner to take $100 million charge on Time cuts: sourcesNEW YORK (Reuters) - Time Warner Inc is set to take a restructuring charge of around $100 million for planned job cuts at its Time Inc publishing unit, according to people familiar with matter.Source: Reuters: Business News | 30 Oct 2009 | 7:46 pm 9 more U.S. banks fail; $2.5 billion hit for FDICAll nine of the closed banks were owned by an Illinois holding company.
Source: MarketWatch.com - Top Stories | 30 Oct 2009 | 7:27 pm Madoff ‘amazed’ at escaping 2006 checkUS regulators failed to catch Bernard Madoff’s huge fraud in 2006 because they asked the wrong questions and did not perform ‘accounting 101’, the financier told the authorities earlier this yearSource: Financial Times - US homepage | 30 Oct 2009 | 7:11 pm Britain 'losing billions in VAT'The British Government has been losing out on as much as £1 in every £6 that it could be collecting in VAT, says research.Source: BBC News | Business | World Edition | 30 Oct 2009 | 6:41 pm White House: We created 640,000 jobsThe largest stimulus program in the nation's history has created or saved just over 640,000 jobs, the Obama administration said Friday.Source: Business and financial news - CNNMoney.com | 30 Oct 2009 | 6:18 pm Fact check: Truth about stimulusThe Obama administration said Friday that stimulus has created or saved 640,000 jobs so far.Source: Business and financial news - CNNMoney.com | 30 Oct 2009 | 6:15 pm White House hails stimulus job gainsThe $787bn US stimulus package has created or saved 650,000 jobs so far, according to a vast swathe of data set to be releasedSource: Financial Times - US homepage | 30 Oct 2009 | 6:09 pm We’ve had the bath-shaped recession, now Sorrell predicts the LUV-shaped recoverySir Martin Sorrell, the world’s most influential adman, yesterday offered a new expression to describe prospects for the world’s economy as he predicted a “LUV”-shaped recovery. Source: Latest Business News from Times Online | 30 Oct 2009 | 6:01 pm Nicola Horlick talks to Aberdeen about selling top contractNicola Horlick, the fund manager, has gone into talks with Aberdeen Asset Management about selling her company’s most valuable contract, The Times has learnt. Source: Latest Business News from Times Online | 30 Oct 2009 | 6:01 pm Lookers sales shift up a gear, driven ahead by scrappageLookers, the motor dealer, yesterday credited the Government’s scrappage scheme with contributing to better than expected trading from July to October. Source: Latest Business News from Times Online | 30 Oct 2009 | 6:01 pm Household names may have to go as price RBS must pay for using toxic-asset planRoyal Bank of Scotland may be radically shrunk and overseas operations and major assets such as Direct Line could be sold as part of the agreement with the Government over the use of the insurance scheme for toxic assets. Source: Latest Business News from Times Online | 30 Oct 2009 | 6:01 pm New York agog at Galleon insider dealing allegationsThe Galleon Group insider trading scandal continues to grip New York two weeks after fraud and conspiracy charges were brought against Raj Rajaratnam, co-founder and one of America’s richest men, and five others. Source: Latest Business News from Times Online | 30 Oct 2009 | 6:01 pm Lehman art sale puts top names under the hammerPicture this: a ransacked office strewn with papers, an upended computer and a broken telephone. Is this striking image by Chester Arnold simply art, or some deeper message of foreboding? Source: Latest Business News from Times Online | 30 Oct 2009 | 6:01 pm National Express urged to reconsider Stagecoach bidThe board of National Express was under growing pressure last night to go back into takeover talks with Stagecoach after the beleaguered transport group’s largest investor publicly berated it for walking away. Source: Latest Business News from Times Online | 30 Oct 2009 | 6:01 pm Threshers group’s collapse may mean 3,000 job lossesThe collapse of Threshers and its sister off-licences will lead to the closure of up to 600 outlets, with the possible loss of 3,000 jobs, the administrator to First Quench Retailing admitted. Source: Latest Business News from Times Online | 30 Oct 2009 | 6:01 pm Big shot of the week: Just as he thought BP was back . . .This week Tony Hayward, the chief executive of BP, must have thought that he had finally moved out of the long shadow of Lord Browne of Madingley. Not only did BP’s third-quarter figures beat City forecasts, but the benefits of the restructuring programme he introduced on arrival two and a half years ago put paid to fears over BP’s dividend, one of the underpinnings of the London stock market. Source: Latest Business News from Times Online | 30 Oct 2009 | 6:01 pm Battle between BA and cabin crew escalatesThe confrontation between British Airways and its 14,000 cabin crew escalated yesterday as Unite, the union, said that it would seek an injunction to prevent the airline imposing contract changes. Source: Latest Business News from Times Online | 30 Oct 2009 | 6:01 pm Madoff to SEC watchdog: Agency held me in awe (Reuters)
Source: Yahoo! News: Stock Markets News | 30 Oct 2009 | 5:44 pm CIT creditors back protection planCreditors of CIT voted overwhelming to support a prepackaged bankruptcy protection filing, ending months of uncertainty for the troubled US commercial lenderSource: Financial Times - US homepage | 30 Oct 2009 | 5:27 pm EU proposes €50bn climate change dealThe EU has proposed that rich countries should transfer up to €50bn a year by 2020 to help developing countries fight climate change, but stopped short of stating how much it was willing to contributeSource: Financial Times - US homepage | 30 Oct 2009 | 4:40 pm Stocks swoon as worries about the economy return (AP)
Source: Yahoo! News: Stock Markets News | 30 Oct 2009 | 4:36 pm The Buzz: Stocks back from the deadHalloween is finally here. But many investors have been getting more treats than tricks for nearly eight months now.Source: Business and financial news - CNNMoney.com | 30 Oct 2009 | 4:30 pm Retailers suspend business with Mich. fruit grower (AP)AP - Wal-Mart and two other top retailers said Friday they are suspending business with a large southwestern Michigan blueberry grower after investigators found children as young as 6 working in the grower's fields.Source: Yahoo! News: Business | 30 Oct 2009 | 4:25 pm Ford seen narrowing loss, focus on cash burnDETROIT (Reuters) - Ford Motor Co is expected to post a narrower quarterly loss with support from the U.S. government "cash for clunkers" program, but the focus will be on the outlook for the U.S. economy and auto industry sales.Source: Reuters: Business News | 30 Oct 2009 | 4:22 pm Presented By:Source: Dealbreaker | 30 Oct 2009 | 4:07 pm Write-Offs: 10.30.09$$$ The Top 10 Wall Street Halloween Costumes [The Deal] $$$ Duff's $100 Million Hedge Fund Spree Fails to Lure Investors [Bloomberg] $$$ Madoff Auditor To Plead Guilty Next Week [GC] $$$ Job of the Week: Bentley Associates Needs A Managing Director. You. [DB Career Center] 
 Sponsored Topics: New York Times - Hedge fund - Gawker Media - Business - Managing director Source: Dealbreaker | 30 Oct 2009 | 4:07 pm Financial Futures: Talking money to kidsFor many parents, having "the Talk" usually means talking to your kids about sex, drugs or alcohol. But how do you talk to your kids about money? This special Marketplace Money series explores the often sticky subject from both sides of the conversation.Source: Marketplace Money | 30 Oct 2009 | 4:04 pm Two tragedies, two views on moneyIn their new memoir, "The Kids Are All Right," Liz and Diane Welch chronicle how the death of their parents, and the financial mess left behind, led them to have different outlooks on money.Source: Marketplace Money | 30 Oct 2009 | 4:01 pm Stocks tumble on recovery jitters, financials (Reuters)
Source: Yahoo! News: Stock Markets News | 30 Oct 2009 | 3:47 pm Stocks tumble on recovery jitters, financialsNEW YORK (Reuters) - The Dow industrials suffered its worst slide since July on Friday on concerns that the economic recovery won't be robust enough to sustain the seven-month stock rally, while financials sank on renewed worries about Citigroup's balance sheet.Source: Reuters: Business News | 30 Oct 2009 | 3:47 pm Does Sir Martin have another motive for peddling his alphabet soup?Sing along now. "Luv luv luv. Luv luv luv. There's nothing you can do that can't be done?" Fresh from chopping 11232 jobs or 10pc of his workforce look who popped up on Friday with his All You Need is Luv routine.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 30 Oct 2009 | 3:45 pm National Express: another day another dramaNow for Irrational Express an everyday drama of transport folk going slowly round the bend. Today episode 297: The Spanish Inquisition starring Jorge "deputy chairman" Cosmen and in a supporting role Brian "jilted" Souter of Stagecoach fame.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 30 Oct 2009 | 3:42 pm After Hours: CIT Group shares extend losses in late tradesShares of CIT Group Inc. fall, extending dayside losses as the lender faced the heightened possibility that it will have to seek bankruptcy protection.
Source: MarketWatch.com - Top Stories | 30 Oct 2009 | 3:42 pm Bernie Madoff: Screwing The SEC, Anyone That Tickles His Fancy From Inside The Joint
Update: Oh god it keeps getting better. Whistleblower "Harry Markopolos" was "a joke inside the industry" and "jealous" of Madoff's returns.
Sponsored Topics: Bernard Madoff - U.S. Securities and Exchange Commission - Prison - Business - Allegedly Unethical Firms Source: Dealbreaker | 30 Oct 2009 | 3:40 pm AmEx says can issue $12.1 billion more under TALFNEW YORK (Reuters) - American Express Co , the largest U.S. credit card company by purchases, said on Friday it was eligible to issue $12.1 billion more of securities under the Term Asset-Backed Securities Loan Facility plan, or TALF.Source: Reuters: Business News | 30 Oct 2009 | 3:40 pm Markets take a big slideStocks tumbled Friday, more than erasing the previous session's gains, as investors dumped a variety of shares at the end of a rough week and choppy month on Wall Street.Source: Business and financial news - CNNMoney.com | 30 Oct 2009 | 3:37 pm Goldman Sachs Employees Will Have Their Festivus Whether Lloyd Blankfein Likes It Or Not!Unlike Merrill Lynch, Goldman Sachs is yet to give official word whether or not their annual Hannukah Hoedown will be happening this year. Obviously they've got the cash on hand to throw the thing, but wouldn't want to give certain Rolling Stone scribes the satisfaction of crashing and writing that "the punch tasted suspiciously like that of human blood-- obviously not a coincidence and one that gives some serious credence to my thesis." As for partying themselves, outside the office, that's been nixed, though apparently it will not stop some brave young souls.
To: DealBreaker
Sponsored Topics: Merrill Lynch - Goldman Sachs - Rolling Stone - Business - GS Source: Dealbreaker | 30 Oct 2009 | 3:34 pm National Express shareholder Jorge Cosmen demands fresh Stagecoach talksNational Express embroiled in a furious row as Cosmen family threatens to boycott £350m rights issue.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 30 Oct 2009 | 3:33 pm Podcast: In The Classroom
This pumpkin carver thought "Boo" wasn't scary enough this Halloween -- he went with "CDO" instead. (Roarke Lynch) On today's Planet Money: We head to Hunter College High School in Manhattan to face our toughest critics yet, teenagers. Economics teacher Heather Hanemann has developed a curriculum based on several of the Planet Money podcasts. We visited her classroom to see what the kids thought of the show and hear how the economic crisis has played out in their lives. After the jump, download Heather's lessons and worksheets. Download the podcast; or subscribe. Music: Miley Cyrus' "Party In The U.S.A."." Find us: Twitter/ Facebook/ Flickr. Heather has developed a variety of lessons using Planet Money podcasts. The audio downloads below have been edited to specific times called for in her lesson plans. Lesson 1: The Basic Function of Banks. Listening and Learning Activity 1: The role of a bank regulator. Listening and Learning Activity 2: Everyday Economics. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 30 Oct 2009 | 3:32 pm How the major stock indexes fared on Friday (AP)AP - Grim signals about consumer spending ripped through the markets Friday, sending stocks tumbling as investors raced for safe havens. The Standard & Poor's 500 index and the Nasdaq composite index ended with losses for October, breaking a streak of seven straight months of gains. The Dow Jones industrial average tumbled 250 points, erasing a 200-point gain Thursday and ending the month flat.Source: Yahoo! News: Stock Markets News | 30 Oct 2009 | 3:28 pm Software rules the schoolsThere are those rare moments in business when a technology goes from being cutting edge to being an indispensable part of everyday life.Source: Business and financial news - CNNMoney.com | 30 Oct 2009 | 3:24 pm Latin American Markets: Brazil slides; Mexico budget talks in focusLatin American equities slide as investors track a sell-off on Wall Street and book gains from a rally in the previous session.
Source: MarketWatch.com - Top Stories | 30 Oct 2009 | 3:14 pm VIX surges as fright returns to stocksAn options index known as Wall Street’s fear gauge jumps more than 20% to levels last hit in July, as worries about the sustainability of the past months’ rally resurfaced.
Source: MarketWatch.com - Top Stories | 30 Oct 2009 | 3:05 pm 'Spam King' to pay Facebook $711 millionA California judge awarded Facebook $711 million in damages against spammer Sanford Wallace for bombarding the web site with junk messages.Source: Business and financial news - CNNMoney.com | 30 Oct 2009 | 3:02 pm TeleNav Files For IPO, Maybe Too Late (TNAV, GOOG, GRMN, S, T)If you watched any news this week about Google Inc. (NASDAQ: GOOG) launching a free personal navigation service on its Android phones, then you know it was a bad week for Garmin Ltd. (NASDAQ: GRMN). This wasn’t even really unknown news, although the timing caught many by surprise. And now most IPOs coming to market [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Oct 2009 | 3:01 pm Government defends Vauxhall after £229m lossThe Government has defended it decision to support Vauxhall after new accounts revealed the car maker lost £229.4m last year.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 30 Oct 2009 | 2:58 pm The Administration Stands United In How Many Jobs They've Created (Or Saved)
Sponsored Topics: White House - Unemployment - United States - Employment - Business Source: Dealbreaker | 30 Oct 2009 | 2:52 pm BP fined record $87m over Texas CityBP still has ‘systemic safety’ issues four years after an explosion at its Texas refinery killed 15 people and injured 170, the US government said as it issued a record $87.4m in proposed fines on the UK oil groupSource: Financial Times - US homepage | 30 Oct 2009 | 2:52 pm EU competition commission foists draconian remedies on RBSBrussels is demanding Royal Bank of Scotland scale back its investment banking arm and sell its insurance business as a condition of state aid.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 30 Oct 2009 | 2:50 pm Las Vegas Sands, MetLife, Manitowoc 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 | 30 Oct 2009 | 2:46 pm BP fined record 87m for 'lifethreatening' safety failingsUS safety watchdog says there are still 439 problems at BP's Texas refinery where blast four years ago killed 15.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 30 Oct 2009 | 2:39 pm Weyerhaeuser posts breakeven resultsLand, asset sales offset weaknes in U.S. housing market.
Source: MarketWatch.com - Top Stories | 30 Oct 2009 | 2:38 pm Shares slump on US spending dataGlobal shares fall sharply after figures showing a drop in US consumer spending raise doubts about US economic recovery.Source: BBC News | Business | World Edition | 30 Oct 2009 | 2:36 pm Airline Stocks: Airline stocks fall, giving up prior-day gainsAirline stocks fail to sustain gains from the Thursday session and plunge broadly into the red, caught up in a deepening sell-off in U.S. equities.
Source: MarketWatch.com - Top Stories | 30 Oct 2009 | 2:35 pm Estee Lauder profit tops expectationsEstee Lauder cuts costs and introduces products to bolster demand as profit doubles.
Source: MarketWatch.com - Top Stories | 30 Oct 2009 | 2:33 pm Madoff accountant to plead guiltyDavid Friehling, the long-time accountant for Ponzi schemer Bernard Madoff, is expected to plead guilty to fraud charges next week, in a deal with federal prosecutors.Source: Business and financial news - CNNMoney.com | 30 Oct 2009 | 2:28 pm Affordable health care: A right or a productSource: Business and financial news - CNNMoney.com | 30 Oct 2009 | 2:25 pm Blair refuses to give up on EU presidencyAides close to the former UK prime minister said he was “relaxed” and British officials still hope he can win through when Europe has a closer look at the alternativesSource: Financial Times - US homepage | 30 Oct 2009 | 2:23 pm Putin in new Ukraine gas warningRussian Prime Minister Vladimir Putin says Ukraine may be having problems paying for gas, raising concerns over European supplies.Source: BBC News | Business | World Edition | 30 Oct 2009 | 2:14 pm Citi: We Literally Have No Idea What Mike Mayo Is Talking About
Here were some earlier drafts of the statement which would've been released had a media representative not intercepted : * WTF? * Is he insane? * No seriously, Mayo, what are you smoking? * We got nothing. * What a whackjob this guy is
Sponsored Topics: House - Citigroup - Programming - Languages - Health care Source: Dealbreaker | 30 Oct 2009 | 2:06 pm EU strikes climate funding dealEU leaders agree a conditional deal to help other nations fight global warming, ahead of the Copenhagen climate summit.Source: BBC News | Business | World Edition | 30 Oct 2009 | 2:02 pm Rio Tinto makes China top priorityMining group Rio Tinto has doubled its planned capital spending for next year to at least 5bn £3bn after it cut debt and detected signs of economic recovery.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 30 Oct 2009 | 2:01 pm NYSE open disrupted by flood of "erroneous" orders (Reuters)Reuters - A huge influx of "erroneous" orders prevented the New York Stock Exchange from disseminating quotes shortly after the start of trading on Friday.Source: Yahoo! News: Stock Markets News | 30 Oct 2009 | 1:57 pm Coffee shops brewing up a profitOn the back of the news on Friday about our growing love affair with coffee shops we got another 7pc last year is it worth repeating one of the best stats about the industry?Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 30 Oct 2009 | 1:56 pm Schaeffer’s Detrick Recommends REITs Via ETFs: AudioSource: Bloomberg - All Podcasts | 30 Oct 2009 | 1:54 pm Weekly Wrap: The GDPKai Ryssdal takes another look at yesterday's Gross Domestic Product with business writer Heidi Moore and John Carney from Clusterstock.com.Source: Marketplace | 30 Oct 2009 | 1:40 pm Crunching the stimulus job numbersThe White House said today its $787 billion stimulus program has created or saved about 650,000 jobs so far. How did it get to those numbers? Nancy Marshall Genzer checks the administration's math.Source: Marketplace | 30 Oct 2009 | 1:39 pm Recovery fears return to haunt markets on eve of Hallowe'enThe Dow Jones was spooked on the final trading day of October as investors questioned the real extent of the global economic turnaround.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 30 Oct 2009 | 1:39 pm Domain names to use more languagesThe Internet Corporation for Assigned Names and Numbers is going to start allowing Web sites to register domains in languages that don't use the English alphabet. Mitchell Hartman translates what those changes will mean for business.Source: Marketplace | 30 Oct 2009 | 1:37 pm K1 fund’s probe centres on fraud allegationsThe German authorities’ warrant for Mr Kiener’s arrest, seen by the Financial Times, alleges that he defrauded several banks using offshore entities and circular investments that, unknown to the banks, he controlled or had links toSource: Financial Times - US homepage | 30 Oct 2009 | 1:29 pm Majestic Wine chief Steve Lewis shows he has a nose for businessIf timing is everything Steve Lewis the chief executive of offlicence warehouse chain Majestic Wine could be forgiven for feeling a little unlucky.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 30 Oct 2009 | 1:24 pm Presented Without Comment: Dylan RatiganVisit msnbc.com for Breaking News, World News, and News about the Economy [MSNBC]
Sponsored Topics: World News - Breaking News - MSNBC - Television - Arts Source: Dealbreaker | 30 Oct 2009 | 1:15 pm Feds taking action against reverse mortgage lender (AP)AP - The U.S. Department of Housing and Urban Development is taking action against a reverse mortgage lender in Hawaii.Source: Yahoo! News: Business | 30 Oct 2009 | 1:10 pm BP fined $87m for Texas explosionBP is fined a record $87m by the US authorities for failing to correct safety violations at its Texas oil refinery.Source: BBC News | Business | World Edition | 30 Oct 2009 | 12:57 pm Next Week’s Top 10 Earnings on Deck (CHK, F, KFT, MA, CSCO, CMCSA, QCOM, BRK-A, SIRI, VG)Earnings season may be winding down, but next week still has some very important companies that are economic indicators in and of themselves or are key stocks that have broad customer and investor bases. Picking only ten companies leaves many key stocks out, but we have some here which will appeal to most investors and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Oct 2009 | 12:51 pm Bookstores profit off online price warsAmazon, Walmart and Target have been trying to out-price each other online with the latest book hits, allowing customers to get a $25 book for $9. Some independent bookstores are taking advantage of the deals. Jeremy Hobson reports.Source: Marketplace | 30 Oct 2009 | 12:50 pm Md. man sentenced to prison for mortgage fraud (AP)AP - An Oxon Hill man has been sentenced to more than three years in prison for a mortgage fraud tied to 25 properties in Maryland, D.C. and Virginia worth millions of dollars.Source: Yahoo! News: Business | 30 Oct 2009 | 12:47 pm Who Enjoyed Last Year's Meltdown?
Sponsored Topics: World economy - Pain and suffering - Health - Conditions and Diseases - Support Groups Source: Dealbreaker | 30 Oct 2009 | 12:42 pm This Week’s LinksCriterion Ventures on building a cash market in healthcare. Mashable on how to measure social media ROI. Joe Hodas: How to advance your career without selling your soul. Rio de Janeiro is turning to China to finance its Olympics. Minyanville knocks some sense into armchair central bankers.
Source: Business Pundit | 30 Oct 2009 | 12:18 pm Bankruptcy Watch: A Wave Of Energy BankruptciesToday South Texas Oil Company (NASDAQ: STXX), an oil and gas company, filed for relief under Chapter 11 in the United States Bankruptcy court for the Western District of Texas. The company will file a motion with the Bankruptcy Court to allow them to seek interim financing for $1.5 million. Yesterday Rancher Energy Corp (OTC: RNCH), [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Oct 2009 | 12:16 pm Consumer spending falls in September, incomes flatWASHINGTON -- Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government's Cash for Clunkers auto sales program. Incomes, the fuel for future spending, were flat.
Source: L.A. Times - Business | 30 Oct 2009 | 12:15 pm Carl Weinberg Sees Global Contraction of Credit: AudioSource: Bloomberg - All Podcasts | 30 Oct 2009 | 12:14 pm Rig Counts Inching Back Up (BHI, OIH, DIG, USO, OIL)This week’s data from Baker Hughes, Inc. (NYSE: BHI) on the weekly rig counts looks better and less mixed than in other weeks despite the notion that all projects should be financially sound at current levels. On the news, we are watching the key ETF products of the Oil Services HOLDRs (NYSE: OIH), the Ultra [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Oct 2009 | 12:06 pm Concerns temper positive Asian jobs dataEconomists say the rate of jobs growth may be too weak to create enough positions to absorb both unemployed workers returning to the market and school leavers seeking employment for the first timeSource: Financial Times - US homepage | 30 Oct 2009 | 12:01 pm Toll Brothers Raised to `Buy’ at Citigroup: AudioSource: Bloomberg - All Podcasts | 30 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 Friday:Source: Yahoo! News: Stock Markets News | 30 Oct 2009 | 11:59 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: Business | 30 Oct 2009 | 11:59 am Chevron profit hit by oil, refinery weaknessNEW YORK/SAN FRANCISCO (Reuters) - Chevron Corp posted a 51 percent drop in quarterly profit on Friday, becoming the latest oil major to be hit by the steep decline in oil and natural gas prices and anemic margins at refineries.Source: Reuters: Business News | 30 Oct 2009 | 11:56 am Chevron profit hit by oil, refinery weakness (Reuters)
Source: Yahoo! News: Business | 30 Oct 2009 | 11:56 am NYSE Euronext sells stake in derivatives platform (Reuters)Reuters - NYSE Euronext said it sold a big stake in its U.S. derivatives trading platform to five powerful market players, following the pattern of exchange operators partnering with dealers in the face of possibly sweeping regulatory changes.Source: Yahoo! News: Stock Markets News | 30 Oct 2009 | 11:37 am Honduran rivals agree a deal to end crisisHonduras’s de facto government has bowed to US pressure, accepting a deal that stands to end the four-month political crisis and possibly even reinstate Manuel Zelaya as the country’s president.Source: Financial Times - US homepage | 30 Oct 2009 | 11:36 am Supreme Court looks into businessThe Supreme Court is set to hear a case on Monday which could eliminate longstanding investor protections in the mutual fund industry. Steve Henn explores why federal courts may seem friendly to business interests.Source: Marketplace | 30 Oct 2009 | 11:32 am CIT (CIT) Gets $1 Billion From IcahnCIT Group (NYSE: CIT) it has entered into an agreement with Carl Icahn to support its restructuring plan and secured an incremental $1 billion committed line of credit from Icahn Capital LP to provide supplemental liquidity for CIT as it pursues that plan. The firm said the new line of credit may be drawn by the Company on [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Oct 2009 | 11:26 am FTN's Low Says U.S. Unemployment May Reach 11%: AudioSource: Bloomberg - All Podcasts | 30 Oct 2009 | 11:25 am On Wall St: Central banking cryptologyInvestors are having to hone their deciphering skills to interpret the actions of central banks, writes Aline van DuynSource: Financial Times - US homepage | 30 Oct 2009 | 11:13 am Signals From The Money SupplySince the start of the financial crisis the Federal Reserve has grown the money supply with incredible speed. Inflation hawks have been crying bloody murder. To be sure, the amount of dollars in the system has increased dramatically. Since Q1 2005 M1 and M2 have grown about 21% and 30% respectively. However, this have been [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Oct 2009 | 11:12 am FTSE 100 falls victim to profit-taking (AFP)
Source: Yahoo! News: Stock Markets News | 30 Oct 2009 | 11:11 am Lloyds 'to pay government £2.5bn'Lloyds Banking Group is prepared to pay nearly £2.5bn to avoid the Government Asset Protection Scheme, the BBC understands.Source: BBC News | Business | World Edition | 30 Oct 2009 | 11:09 am Fostering financial responsibility in L.A.For kids who are in and out of foster care, learning about money can be especially difficult. Steve Chiotakis pays a visit to Pathways L.A., a program that teaches foster kids about living on their own.Source: Marketplace Money | 30 Oct 2009 | 11:07 am Parents: Why make money talk taboo?Andrea Domanick, a senior at Wesleyan University, talks about the importance of parents teaching their kids about money.Source: Marketplace Money | 30 Oct 2009 | 11:07 am Getting PersonalSteve Chiotakis answers questions about personal finance with economics editor Chris Farrell -- from how a college savings plan affects financial aid to what a person can do to track down an old life insurance policy.Source: Marketplace Money | 30 Oct 2009 | 11:07 am When is bankruptcy a good idea?Leslie Linfield, executive director of the Financial Literacy Institute, talks to Steve Chiotakis about the intricacies of bankruptcy.Source: Marketplace Money | 30 Oct 2009 | 11:07 am Mom hands daughter lessons on givingNancy Hammond and her 12-year-old daughter Elisabeth talk about what they really need, and how it's important to keep others in mind when thinking about money.Source: Marketplace Money | 30 Oct 2009 | 11:07 am Denver's big public transit plansDenver aims to have 100,000 people riding its commuter rails on a daily basis by 2017. WNYC's Andrea Bernstein traveled to the city to find out exactly how it plans to reach its goal.Source: Marketplace Money | 30 Oct 2009 | 11:07 am Before reform, cards play with interestWith credit card reform legislation looming, credit cards companies are jacking up interest rates and imposing soon-to-be-illegal penalties. Nancy Marshall Genzer reports.Source: Marketplace Money | 30 Oct 2009 | 11:07 am CNBC Inching Closer And Closer To Dropping The Pretense (And Panties)
Sponsored Topics: CNBC - Business - Power Lunch - Hollywood Los Angeles California - Frederick Source: Dealbreaker | 30 Oct 2009 | 11:06 am Any Galleon Traders Still Interested In Making Use Of The Material Non-Public Info They Have On Hand Must Now Turn To Yahoo! FinanceLogical but no less soul-crushing news from the House of Raj: The boys and girls at Galleon no longer enjoy real time quotes unless they get it from the web, service was cancelled given that they no longer need to make trades. They're pretty upset about it.
Sponsored Topics: Real-time computing - Yahoo - Finance - United States - Business Source: Dealbreaker | 30 Oct 2009 | 10:43 am RBS’s Ruskin Says Dollar Bulls Must `Make Their Case': AudioSource: Bloomberg - All Podcasts | 30 Oct 2009 | 10:43 am Boockvar Sees U.S. Jobless Rate Higher Than 11% in 2010: AudioSource: Bloomberg - All Podcasts | 30 Oct 2009 | 10:42 am Blood and oil: Tragedy stains African moveDriving through Nairobi traffic with blood pouring from a gunshot wound in his back is not how Alan Mountfort ever saw it playing out when he answered an ad to invest in an olive grove.It was February 2008, and the Auckland chemical...Source: nzherald.co.nz - Business | 30 Oct 2009 | 10:00 am Fonterra's $3.7m eased departure of 'fall guy'A top Fonterra executive who was paid $3.7 million when he left the dairy giant this year, Bob Major, was an industry veteran said to have been the fall guy for Fonterra's disastrous investment in China's San Lu milk company.Mr...Source: nzherald.co.nz - Business | 30 Oct 2009 | 10:00 am F&P Appliances eyes $70m write-offFisher & Paykel Appliances plans to wipe more than half the value of some of its North American assets after plunging sales.The whiteware maker yesterday said it expected to write down by between $70 million and $75 million the...Source: nzherald.co.nz - Business | 30 Oct 2009 | 10:00 am SkyCity taking a punt on double-digit growthSkyCity Entertainment is betting on double-digit growth next year despite uncertainty about how the recession and recovery will play out.And the company - with four casinos in New Zealand and two in Australia - has signalled trouble...Source: nzherald.co.nz - Business | 30 Oct 2009 | 10:00 am Angry Czech farmers not crying over spilt milkPRAGUE: - Farmers sprayed milk on to fields across the Czech Republic yesterday to protest at low prices.Agriculture authorities said farmers planned to dump up to 500,000 litres of milk, or 7 per cent of their daily production.Farmers...Source: nzherald.co.nz - Business | 30 Oct 2009 | 10:00 am Brian Gaynor : KiwiSaver big and important successKiwiSaver, which now has 1,189,597 contributing members, is a huge success. In addition 239,898 individuals have either opted out or closed their account.The scheme has been a success because of substantial Government and employer...Source: nzherald.co.nz - Business | 30 Oct 2009 | 10:00 am Diana Clement : Shell trusts good protection for bequestsBequeathing assets to your offspring is the most natural thing in the world for a good chunk of the population. But without proper planning of this generational wealth transfer you could be handing your hard-earned assets straight...Source: nzherald.co.nz - Business | 30 Oct 2009 | 10:00 am Directors of PGC plan to bow outChairman of freshly recapitalised Pyne Gould Corporation Sam Maling is to step down shortly, as will three other directors, Richard Elworthy, Warwick Steel and Stephen Montgomery.Maling told the company's annual meeting yesterday...Source: nzherald.co.nz - Business | 30 Oct 2009 | 10:00 am Let's not lose opportunity for reform, says EU bigwigThe opportunity to bolster regulation of financial markets must be seized now before memories of the crisis fade, says Charlie McCreevy.The European Commissioner for Internal Market and Services, whose responsibilities include...Source: nzherald.co.nz - Business | 30 Oct 2009 | 10:00 am Shareholders of Ninox 'told to go'Gary Hannam, the main financier of Ninox Television, and two of its shareholders tell a different story about the collapse of the television production company.Ninox made hit reality television shows such as Sensing Murder ,...Source: nzherald.co.nz - Business | 30 Oct 2009 | 10:00 am Ross Sees `Huge' Commercial Real-Estate Crash Ahead: AudioSource: Bloomberg - All Podcasts | 30 Oct 2009 | 9:56 am This Week’s Weird Jobs
Sometimes, people pay you to be who you are. These jobs can be the best kinds of gigs…if they pay more than a pittance. This week’s jobs demonstrate that you can make money being a hateful Alaskan resident, someone who needs their wisdom teeth pulled, or a Russian with access to an executive office: 1. Alaska: ‘To the Point’ Writers Looking for aggressive writers with a no non-sense vision regarding Alaska politics, saracastic personal experiences, regarding just about anything (keep it clean), and off the cuff thoughts about things that aggravate you re: Alaska. Think Seinfeld. Multiple subjects that irk you. No holding back. I prefer ideas from people that are transients that have moved here and feel somewhat out of place with how slow things move and how different it feels. 2. Austin: COUNTER HELP HAM WRAPPERS Large Retail store needing seasonal help. Counter help and Ham Wrappers/cutters. All applicants must be clean cut and have experience working and greeting the public. Apply in person. Research co. is looking for men and women to participate in a medical research study of an investigational pain medication following wisdom teeth removal. If you qualify and participate, one of our board-certified oral surgeons will remove your wisdom teeth at no cost, and you may receive up to $350 financial compensation. Participants must be willing to stay overnight in the clinic. Call us or visit our website for more information. Established Software company is looking for the right person to cover the Raleigh and East area of Nc. Are you a Hunter… Full Commission dosent bother you since you will succeed in any market. Not a wanabe.. if you have verifiable Sales Credientials send me an email. We do a lot of training, you must be of the mindset to learn. If you want to do it your way, go start your own business. Our sucess is only acheived when you are successful. Compensation: Full Commission. 16% to 25% of the sale Now, what was wrong with farmers again? 5. LA: Need RUSSIANS for short film Need 2 Russian Actors for Short film. SOME PAY INVOLVED. Someone that has access to an EXECUTIVE-Looking office gets SPECIAL CONSIDERATION. Please speak english and FLUENT RUSSIAN. THANK YOU!! Compensation: $25-$75 If you happen to be a Russian person with access to an executive office, there’s an instant $25…for dealing with people who want to film you. Is that really worth it? Happy Friday!
Source: Business Pundit | 30 Oct 2009 | 9:45 am Bill Gates Gets Further Entrenched in Waste Sector (RSG, WM, MSFT, BRK-A)If you thought that Bill Gates might have an ambition beyond just passive investing in the garbage and waste disposal sector, you might be correct. Bill Gates’ Cascade Investment, L.L.C. and the Bill & Melinda Gates Foundation Trust own a collective share of about 15% of Republic Services, Inc. (NYSE: RSG). Republic is the #2 [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Oct 2009 | 9:40 am Karen Gross Discusses Consumer Financial Agency: AudioSource: Bloomberg - All Podcasts | 30 Oct 2009 | 9:02 am Woolfolk Says Old Normal of 3% U.S. Growth Achievable: AudioSource: Bloomberg - All Podcasts | 30 Oct 2009 | 8:43 am US consumer spending falls againUS consumer spending falls for the first time in five months, coinciding with the end of the car scrappage scheme.Source: BBC News | Business | World Edition | 30 Oct 2009 | 7:36 am BA facing union legal challengeThe Unite union is to seek an injunction against the imposition of new contracts for 14,000 British Airways cabin crew.Source: BBC News | Business | World Edition | 30 Oct 2009 | 7:32 am Top Day Trader Alerts (GNW, CIT, VVUS, NVTL, SWIR, HGSI)We are only featuring a few key day trader and active trader stocks early this morning. We have links through to more data and analysis with links on each stock over at VSInvestor.com: Genworth Financial Inc. (NYSE: GNW) is soaring on an unexpected earnings and on a huge discount to book value. CIT Group Inc. (NYSE: CIT) [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Oct 2009 | 7:11 am Today’s Best Market Rumors (10/30/2009) (C)(CSCO)(SAPE)(DOX)(CTSH)Updated throughout the day. Updated 3.23 PM EST: Analyst Michael Mayo says Citigroup (NYSE:C) will take a $10 billion write down the quarter. Citi denies it (CNBC) Updated 10.24 AM EST: Cisco (NSADAQ:CSCO) may drop its bid for Tandberg (Barron’s) Venezuela may have gold reserves with a total value over $13 billion. (CNBC) JP Morgan (NYSE:JPM) may have had [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Oct 2009 | 7:02 am Personal Income & Spending Dispel Inflation FearsThe consumer is still strapped. The Commerce Department posted its data for September’s personal income and spending, and frankly it almost makes you question yesterday’s GDP data. The report showed that Personal Income was unchanged in September, but showed that Spending was down by -0.5%. Dow Jones and other consensus data were looking for figures [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Oct 2009 | 6:41 am How Google Used Microsoft to Make Chrome
Source: Business Pundit | 30 Oct 2009 | 6:03 am Threshers owner reveals job cutsThe administrators of First Quench, the owner of Thresher and Wine Rack, warn of store closures and job cuts.Source: BBC News | Business | World Edition | 30 Oct 2009 | 5:52 am Eurozone jobless worst since 1999Unemployment levels across the 16 countries that use the euro rise to 9.7% in September, the highest rate since January 1999.Source: BBC News | Business | World Edition | 30 Oct 2009 | 5:51 am
|
