World Business News Headlines for November 1, 2009

Abdullah quits Afghan run-off election

Afghan presidential candidate Abdullah Abdullah has quit an election run-off after accusing the government of not meeting his demands for a fair vote, but said he was not calling for a boycott
Source: Financial Times - US homepage | 1 Nov 2009 | 3:28 am

China's CNOOC in new discovery in Bohai Bay-Xinhua

BEIJING, Nov 1 (Reuters) - China's offshore oil and gas specialist CNOOC Ltd has made a new oil find in Bohai Bay offshore north China, official Xinhua News Agency reported on Sunday.
Source: RSS feed - channel BNewsBusiness | 1 Nov 2009 | 3:02 am

Survey: China manufacturing grows for eighth month

China's manufacturing sector expanded for the eighth straight month in October, pointing to further signs that the recovering economy is on firmer ground, a survey by an industry group said
Source: RSS feed - channel BNewsBusiness | 1 Nov 2009 | 2:03 am

Taiwan group vows referendum to block US beef

A Taiwanese rights advocacy group on Sunday vowed to push for a referendum in a bid to block the import of more US beef products over health concerns. "We will initiate the referendum to
Source: RSS feed - channel BNewsBusiness | 1 Nov 2009 | 1:57 am

Leaking Timor Sea oil rig catches fire

SYDNEY, Nov 1 (Reuters) - An oil rig operated by a unit of top Thai energy firm PTTEP in the Timor Sea, which has been leaking for 10 weeks, caught fire on Sunday, officials said.
Source: RSS feed - channel BNewsBusiness | 1 Nov 2009 | 1:48 am

Afghanistan's Abdullah won't join runoff: reports

Abdullah Abdullah, the candidate challenging Afghanistan's President Hamid Karzai, said he would not participate in a runoff election Nov. 7 because government officials had not met his demands to ensure that the vote would be fair, media reports on Sunday said.

Source: MarketWatch.com - Top Stories | 1 Nov 2009 | 1:28 am

Goodbye to all that stimulus?

NEW YORK (Reuters) - The U.S. economy has been kick-started into growth but stock investors still face an uncertain outlook as Wall Street gears up for comments from the Federal Reserve and a key report on employment next week.

Source: Reuters: Business News | 1 Nov 2009 | 1:20 am

Goodbye to all that stimulus? (Reuters)

Reuters - The U.S. economy has been kick-started into growth but stock investors still face an uncertain outlook as Wall Street gears up for comments from the Federal Reserve and a key report on employment next week.

Source: Yahoo! News: Stock Markets News | 1 Nov 2009 | 1:20 am

Goodbye to all that stimulus? (Reuters)

Source: Yahoo! News: Business | 1 Nov 2009 | 1:20 am

Goodbye to all that stimulus?

Marijuana growers upend hard-luck California town

They flock to Hayfork to bask in the sunny, cool climate and the permissive rules on medical pot farming and possession. ...
Source: RSS feed - channel BNPaperBusiness | 1 Nov 2009 | 1:00 am

Business leaders' opposition to public health insurance option takes chutzpah

Where do they expect the thousands of workers they've laid off and their families to get coverage?

Eastman Kodak Co. has said sayonara to about 22,000 workers over the last five years. Verizon Communications Inc. says it will have handed about 16,000 workers their hats by Dec. 31 -- and it is already looking ahead to the possibility of more layoffs next year.

Source: L.A. Times - Business | 1 Nov 2009 | 1:00 am

Seniors can boost their Social Security benefits by 're-retiring'

Shoppers return to buying top brands

Signs of an improving economy might be in your kitchen or bathroom cupboards.

Source: L.A. Times - Business | 1 Nov 2009 | 1:00 am

Directing Commerce Casino's poker tournaments with a strong hand

The gig: Getting poker players to risk hundreds, sometimes thousands, of dollars to enter Commerce Casino's tournaments can present a marketing challenge in this economy. But that's nothing compared with...
Source: RSS feed - channel BNPaperBusiness | 1 Nov 2009 | 1:00 am

Frugality is a given this holiday season

Lean times demand creative ways to make merry: Be less lavish, shop early, haggle over prices, buy with cash, give heirlooms, make your own gifts and reuse decorations.

The holiday shopping season is getting underway, but despite the not-so-gentle prodding of retailers and some economists, Americans are in no mood to overspend. ¶ Millions are still struggling with unemployment or reduced income. Others are concerned about job security, home values and their stock portfolios even though the U.S. economy is growing again. ¶ Nearly two-thirds of consumers said the economy would affect their holidays, according to a National Retail Federation survey, with 84.2% of those respondents saying they would spend less. ¶ They are people like Jaclyn Witt, an editorial assistant at Chapman University who is working less and worrying more this holiday season. ¶ "I went from working full time to working part time, so I have to be more price-conscious," said Witt, 25. "I can't go buying whatever I want now. As it gets closer to Christmas, it's becoming more of a concern." ¶ But you can still make merry without blowing your holiday budget. And we're not talking regifting a fruitcake either. Little tricks like shopping early, avoiding credit cards and sticking with last year's decorations could help you save a bundle.

Source: L.A. Times - Business | 1 Nov 2009 | 1:00 am

Shoppers return to buying top brands

Signs of an improving economy might be in your kitchen or bathroom cupboards.
Source: RSS feed - channel BNPaperBusiness | 1 Nov 2009 | 1:00 am

Is owner obligated to attend executive session?

Question: I was "mandated" to attend an executive session of my homeowners association because I speak to other owners and voice my opinion on the condition of our complex.
Source: RSS feed - channel BNPaperBusiness | 1 Nov 2009 | 1:00 am

Consider these factors before refinancing your home

Dear Liz: When does it make sense to refinance a home? I have a 30-year, fixed-rate jumbo loan. The loan is just over 2 years old with a rate of 6.5%. Should I refinance to 5.75% with zero points? I make...
Source: RSS feed - channel BNPaperBusiness | 1 Nov 2009 | 1:00 am

Widow is ready to move on financially

Lancaster resident Pamela Walton wants to help out her sons and also prepare for retirement. Luckily, she hasn't made any major mistakes with her money.

It's been nearly three years since her husband died of colon cancer, but Pamela Walton hasn't taken his voice off the answering machine. She still wears her wedding ring.

Source: L.A. Times - Business | 1 Nov 2009 | 1:00 am

Widow is ready to move on financially

Lancaster resident Pamela Walton wants to help out her sons and also prepare for retirement. Luckily, she hasn't made any major mistakes with her money. ...
Source: RSS feed - channel BNPaperBusiness | 1 Nov 2009 | 1:00 am

English Country by the ocean

In La Jolla's Barber Tract, the Old World look of this 20-year-old house stands out.

Looking back, the challenges San Diego architect David Lorimer faced when designing this English Country home in La Jolla's renowned Barber Tract 20 years ago were numerous: getting all the roof lines to intersect properly, adding dormer windows on the second floor, having the garage doors face the street and making new construction look Old World.

Source: L.A. Times - Business | 1 Nov 2009 | 1:00 am

English Country by the ocean

In La Jolla's Barber Tract, the Old World look of this 20-year-old house stands out. Looking back, the challenges...
Source: RSS feed - channel BNPaperBusiness | 1 Nov 2009 | 1:00 am

Home valuation code could soon undergo major revamp

A 'dysfunctional system that's holding back the housing recovery' and has resulted in lowball property appraisals and busted home sale transactions, among other things, may be on its way out the door.

Could the controversial appraisal system imposed nationwide by mortgage giants Fannie Mae and Freddie Mac in May -- and now tied to lowball property valuations, busted home sale transactions and higher fees to consumers -- be on its way out?

Source: L.A. Times - Business | 1 Nov 2009 | 1:00 am

Home valuation code could soon undergo major revamp

Frugality is a given this holiday season

Lean times demand creative ways to make merry: Be less lavish, shop early, haggle over prices, buy with cash, give heirlooms, make your own gifts and reuse decorations. ...
Source: RSS feed - channel BNPaperBusiness | 1 Nov 2009 | 1:00 am

Is owner obligated to attend executive session?

Question: I was "mandated" to attend an executive session of my homeowners association because I speak to other owners and voice my opinion on the condition of our complex.

Source: L.A. Times - Business | 1 Nov 2009 | 1:00 am

Seniors can boost their Social Security benefits by 're-retiring'

People who began collecting Social Security at age 62 and restart their retirement benefits at 70 would get about 76% more a month. The catch is that they must repay what they had already received.

The Social Security Administration recently announced that retirees would get no cost-of-living adjustments this year -- and maybe not even next year -- because the inflation measure it uses to determine them has declined for the first time in more than three decades.

Source: L.A. Times - Business | 1 Nov 2009 | 1:00 am

Directing Commerce Casino's poker tournaments with a strong hand

The gig: Getting poker players to risk hundreds, sometimes thousands, of dollars to enter Commerce Casino's tournaments can present a marketing challenge in this economy. But that's nothing compared with the organizational skill it takes to feed thousands of players, staff their games with competent dealers and keep participants from tearing at one another's throats.

Source: L.A. Times - Business | 1 Nov 2009 | 1:00 am

Marijuana growers upend hard-luck California town

They flock to Hayfork to bask in the sunny, cool climate and the permissive rules on medical pot farming and possession.

Education has long been preached as a way to keep kids away from drugs. It's the walk to school that has Supt. Tom Barnett worried.

Source: L.A. Times - Business | 1 Nov 2009 | 1:00 am

Obama says new data shows economy recovering (Reuters)

Reuters - President Barack Obama said on Saturday this week's positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.

Source: Yahoo! News: Business | 31 Oct 2009 | 11:44 pm

Obama says new data shows economy recovering

WASHINGTON (Reuters) - President Barack Obama said on Saturday this week's positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.

Source: Reuters: Business News | 31 Oct 2009 | 11:44 pm

No Philly transit union strike during World Series

The Philadelphia transit system's largest union agreed Saturday not to go on strike as contract talks continued hours before the start of Game 3 of the World Series, Pennsylvania's governor
Source: RSS feed - channel BNewsBusiness | 31 Oct 2009 | 10:23 pm

The Medicare squeeze

Medicare has become a scary word to the doctors at the largest private group practice in Kansas City, Mo.
Source: Business and financial news - CNNMoney.com | 31 Oct 2009 | 10:14 pm

Guantánamo Uighurs sent to Palau

The Obama administration has sent six Uighur Chinese detainees from the US military prison at Guantanamo Bay to the Pacific island nation of Palau
Source: Financial Times - US homepage | 31 Oct 2009 | 10:06 pm

Malaysia's Maxis to make SEAsia's biggest listing

Maxis, Malaysia's top mobile operator, is tipped to receive a warm welcome back to the bourse this month in an IPO worth around 3.43 billion dollars, billed as the biggest in Southeast...
Source: RSS feed - channel BNewsBusiness | 31 Oct 2009 | 9:56 pm

Malaysia's Maxis to make SEAsia's biggest listing (AFP)

AFP - Maxis, Malaysia's top mobile operator, is tipped to receive a warm welcome back to the bourse this month in an IPO worth around 3.43 billion dollars, billed as the biggest in Southeast Asian history.

Source: Yahoo! News: Stock Markets News | 31 Oct 2009 | 9:55 pm

Mobile revolution finally reaches Pacific

The Pacific islands are the last frontier for mobile telecommunications but the arrival of Irish-owned Digicel Pacific in the past three years has brought about a revolution. Residents...
Source: RSS feed - channel BNewsBusiness | 31 Oct 2009 | 9:34 pm

Britain to create three new retail banks: reports (AFP)

AFP - Britain's government is to create three new high street banks from bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock, according to media reports.

Source: Yahoo! News: Business | 31 Oct 2009 | 8:27 pm

Lagostina, Alessi, Bialetti tough out recession

OMEGNA, Italy (Reuters) - A giant silver teapot shines in the pale sun outside the Alessi factory, its scale a measure of how in the 1980s and 90s Italian kitchenware, from espresso-makers to lemon-squeezers, grew into objects of desire.

Source: Reuters: Business News | 31 Oct 2009 | 8:12 pm

Ford concessions headed to defeat in union vote

Ford Motor Co.'s rank-and-file union members rejected a concessions agreement, leaving the auto maker at risk to higher costs compared with competitors Chrysler Group LLC and General Motors Co.
Source: Business and financial news - CNNMoney.com | 31 Oct 2009 | 8:10 pm

After all the fuss, public health plan covers few

What's all the fuss about? After all the noise over Democrats' push for a government insurance plan to compete with private carriers, coverage numbers are finally in: Two percent. That's
Source: RSS feed - channel BNewsBusiness | 31 Oct 2009 | 7:12 pm

Britain to create three new retail banks: reports

Britain's government is to create three new high street banks from bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock, according to media reports. The huge
Source: RSS feed - channel BNewsBusiness | 31 Oct 2009 | 7:00 pm

Bank of England should release £30bn more in quantitative easing

To QE or not to QE? It is the big question for the Bank of England’s monetary policy committee (MPC) this week, and it is a big question for the economy.

Source: Latest Business News from Times Online | 31 Oct 2009 | 6:01 pm

Tony Hayward wants his BP revolution to be permanent

Ask Tony Hayward what his legacy as BP’s chief executive will be and he’ll tell you it is to leave behind a company that will not fall repeatedly into the man-made disasters that have periodically destroyed all the good work achieved at the £107 billion oil giant.

Source: Latest Business News from Times Online | 31 Oct 2009 | 6:01 pm

Wembley Stadium warns it may default on bank debt

The owner of Wembley Stadium has announced it made a pre-tax loss of £31m last year and said it could default on finance agreements if wealthy patrons fail to renew their season tickets.

Source: Latest Business News from Times Online | 31 Oct 2009 | 6:01 pm

Hedge-fund boss Elena Ambrosiadou buys superyacht Maltese Falcon

Hedge-fund manager Elena Ambrosiadou has emerged as the mystery buyer of the Maltese Falcon, one of the world’s largest private yachts.

Source: Latest Business News from Times Online | 31 Oct 2009 | 6:01 pm

Cobra Beer seeks £4.5m for Indian expansion

Lord Bilimoria, the founder of Cobra Beer, is trying to raise £4.5m to expand in India five months after the British arm went through a controversial pre-pack administration owing creditors £70m.

Source: Latest Business News from Times Online | 31 Oct 2009 | 6:01 pm

The Andrew Davidson interview: Martin Hansson of Ikea UK

It’s half-term in Neasden, north London, and the Ikea furniture superstore is full to bursting. Children hang off the play equipment. Families queue for lunch in the café. Couples jostle their shopping trolleys past the Billy bookcase display by the entrance escalators. Whatever happened to the recession?

Source: Latest Business News from Times Online | 31 Oct 2009 | 6:01 pm

Royal Bank of Scotland to be 84% nationalised

Alistair Darling is preparing to plough billions more of taxpayers’ money into Royal Bank of Scotland to take the government stake in the bank from 70% to as high as 84%.

Source: Latest Business News from Times Online | 31 Oct 2009 | 6:00 pm

British Airways faces record interim loss

British Airways will this week post its largest ever interim loss as cabin crew prepare to vote on whether to go on strike at Christmas.

Source: Latest Business News from Times Online | 31 Oct 2009 | 6:00 pm

National Express hit by Aegon shares sale

Investor turmoil at National Express, the bus and rail group, has increased with Aegon, one of its main shareholders, selling most of its stake.
Source: Latest Business News from Times Online | 31 Oct 2009 | 6:00 pm

118 118 dials up £58.6m profits

They are instantly recognisable as the face of directory enquiries. Now the company behind 118 and 118, whose adverts feature the two mustachioed athletes, have run off with giant profits — despite a decline in calls.

Source: Latest Business News from Times Online | 31 Oct 2009 | 6:00 pm

Delaware beats Switzerland as most secretive financial center

WASHINGTON (Reuters) -- Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.

Source: Reuters: Business News | 31 Oct 2009 | 5:59 pm

British business must talk up its strengths and explain why UK is the best place to invest

Ask Namit Malhotra why he chose to bring his visual entertainment services firm to London and he waxes lyrical. It was the atmosphere in Soho it was the creative environment it was the great wealth of talent and ideas.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 31 Oct 2009 | 5:36 pm

Recycling photocopiers from Penrith to Uganda and Beijing

The global cost of shipping has never been as cheap as it is now according to Stephen Armistead. "We ship our fax machines to China for the same price as delivering a consignment from Penrith to the south coast of England.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 31 Oct 2009 | 5:31 pm

SEC in settlement talks with BofA, UBS: report (Reuters)

Reuters - The Securities and Exchange Commission is in settlement talks with several large financial institutions to resolve investigations into the awarding of municipal investment contracts, the Wall Street Journal reported on Saturday.
Source: Yahoo! News: Stock Markets News | 31 Oct 2009 | 5:30 pm

SEC in settlement talks with BofA, UBS: report

NEW YORK (Reuters) - The Securities and Exchange Commission is in settlement talks with several large financial institutions to resolve investigations into the awarding of municipal investment contracts, the Wall Street Journal reported on Saturday.

Source: Reuters: Business News | 31 Oct 2009 | 5:30 pm

SEC in settlement talks with BofA, UBS: report (Reuters)

Paul Deighton and David Higgins: two men with 1000 days left to deliver the London Olympics

Paul Deighton and David Higgins the men running the 2012 Olympics will this week unveil a £700m investment opportunity.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 31 Oct 2009 | 5:21 pm

Top Olympic facts

Eight needtoknow bits of trivia about the 2012 Olympics Games in London.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 31 Oct 2009 | 5:02 pm

The economic week ahead: November 1 2009

No prizes for guessing the event of the week: the Bank of England's much anticipated decision on Thursday.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 31 Oct 2009 | 4:56 pm

Questions over Autonomy's growth raise concerns

Cash flow is king. Or so it should be for IT companies. This is a sector defined by spectacular blowups where ephemeral profits never quite turn into pounds and pence.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 31 Oct 2009 | 4:54 pm

The best of the market rally is over... but don't despair

Anyone with experience of young children at Christmas will know that it can be better to travel than to arrive. The anticipation of the longedfor present is often more exciting than the reality once the shiny paper's been ripped off.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 31 Oct 2009 | 4:47 pm

Former hedge fund executive charged by SEC (Reuters)

Reuters - A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom Corp.
Source: Yahoo! News: Business | 31 Oct 2009 | 4:34 pm

Former hedge fund executive charged by SEC

BOSTON (Reuters) - A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom Corp.

Source: Reuters: Business News | 31 Oct 2009 | 4:34 pm

Former hedge fund executive charged by SEC (Reuters)

Reuters - A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom Corp.
Source: Yahoo! News: Stock Markets News | 31 Oct 2009 | 4:34 pm

Insurers warn of the chill blast of climate change in new report

The cost of insurance will soar across Britain unless urgent measures are taken to halt the rise in global temperatures industry experts will warn this week.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 31 Oct 2009 | 4:21 pm

The Mystery at St Ives - Dan Brown's next novel?

Have the good people at printer St Ives been reading too many of the novels they print?
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 31 Oct 2009 | 4:06 pm

Olympic contracts to give £700m boost to UK business

London Organising Committee will announce the tenders for everything from beds to portable toilets at summit on Wednesday.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 31 Oct 2009 | 3:52 pm

The plastic way to run a business

Want a loan for your business? Hit the plastic. That's about all banks are going to offer -- and the terms are much less favorable than traditional lines of credit.
Source: Business and financial news - CNNMoney.com | 31 Oct 2009 | 3:18 pm

NewsWatch: Reeling stock investors confront Fed, jobs, autos

Upcoming week promises to be volatile mix of ecoomic data, earmnings, a Fed meeting and Washington politics.

Source: MarketWatch.com - Top Stories | 31 Oct 2009 | 3:05 pm

Madoff documents reveal incredulous, unfocused SEC (Reuters)

Reuters - U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered.

Source: Yahoo! News: Stock Markets News | 31 Oct 2009 | 2:47 pm

SEC alleges insider trading at San Francisco fund (AP)

AP - The Securities and Exchange Commission filed a civil lawsuit alleging insider trading Friday against the former chief financial officer of a San Francisco private equity fund and six others.
Source: Yahoo! News: Stock Markets News | 31 Oct 2009 | 1:48 pm

Obama says economy moving in right direction

In weekly radio address, president cites GDP growth as proof his policies are working.

Source: MarketWatch.com - Top Stories | 31 Oct 2009 | 1:28 pm

Abdullah may boycott Afghanistan vote: reports

Move would give Presdident Hamid Karzai a second fiive-year term.

Source: MarketWatch.com - Top Stories | 31 Oct 2009 | 1:19 pm

Clinton meets Abbas in new Middle East peace push

US Secretary of State Hillary Clinton failedto persuade Palestinian President Mahmoud Abbas to resume talks with Israel, a spokesman for Mr Abbas said, citing Jewish settlements as a stumbling block
Source: Financial Times - US homepage | 31 Oct 2009 | 11:35 am

Small banking empire collapses; 9 fail in 1 day

FDIC deposit insurance fund will take $2.5 billion hit.

Source: MarketWatch.com - Top Stories | 31 Oct 2009 | 11:30 am

'Spam King' to pay Facebook

A 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 | 31 Oct 2009 | 10:46 am

They're hiring!

These rising stars from Fortune's 40 under 40 list have great jobs to fill. What they're looking for.
Source: Business and financial news - CNNMoney.com | 31 Oct 2009 | 10:44 am

Market Snapshot: Reeling stock investors confront Fed, jobs, autos

Upcoming week promises to be volatile mix of ecoomic data, earmnings, a Fed meeting and Washington politics.

Source: MarketWatch.com - Top Stories | 31 Oct 2009 | 10:19 am

Inheritance changes for couples

People in couples would inherit more when their partner dies without leaving a will under plans published this week.
Source: BBC News | Business | World Edition | 31 Oct 2009 | 10:06 am

Boom times for debt collectors

The recession may be over but figures released by transtasman debt collection agency Baycorp show its impact is still hitting profit and loss accounts nationwide.Debt referred to Baycorp, which holds 35 per cent of the market,...
Source: nzherald.co.nz - Business | 31 Oct 2009 | 10:00 am

Tenancy a cheaper bet

Would-be first-home buyers have missed the boat to move from renting to owning.The latest BNZ rent-or-buy report, which shows prospective first-home buyers whether they should continue to rent and save for a deposit, or when the...
Source: nzherald.co.nz - Business | 31 Oct 2009 | 10:00 am

Kiwis live well and prosper

New Zealand has made it into the top 10 of a list of the world's most successful countries, according to a global survey of wealth and happiness.New Zealand ranks 10th in a "prosperity index" of 104 nations covering 90 per cent...
Source: nzherald.co.nz - Business | 31 Oct 2009 | 10:00 am

Martin Hawes : Lessons each generation learns the hard way

To anyone interested in finance, the past couple of years have been fascinating. A major credit crunch, bank collapses, government interventions, volatile markets and the world on edge - it will be talked about for decades.While...
Source: nzherald.co.nz - Business | 31 Oct 2009 | 10:00 am

NewsWatch: Reeling stock investors confront Fed, jobs, autos

Upcoming week promises to be volatile mix of ecoomic data, earmnings, a Fed meeting and Washington politics.

Source: MarketWatch.com - Top Stories | 31 Oct 2009 | 10:00 am

Peters claims fishy deal is sinking our economy

Frozen fish sold in a nationwide supermarket chain is making a 21,954km trip to our kitchen tables: caught in New Zealand, filleted in China, flown back here for dinner.The fish fillets are sold proclaiming "New Zealand Tarakihi...
Source: nzherald.co.nz - Business | 31 Oct 2009 | 10:00 am

Heifer heist mystifies Crafar receiver

Michael Stiassny is missing a few cows - more than 1000. Stiassny was appointed receiver of the Crafarms group in October after the family-owned company collapsed under heavy debts and multiple prosecutions for effluent discharge.Until...
Source: nzherald.co.nz - Business | 31 Oct 2009 | 10:00 am

Shoppers seek out free-range eggs

Animal rights campaigners say law-makers are dragging their feet over banning what they label as cruel caged egg farming.Competition in the $280 million industry is fierce, with battery hen egg producers arguing that prices will...
Source: nzherald.co.nz - Business | 31 Oct 2009 | 10:00 am

Caution urged on overseas lotteries

Kiwis who play foreign lotteries have been warned they may not be able to claim any winnings.At least three companies offer European lottery tickets in New Zealand - The European Lottery Guild, SKL and Boesche.The former is...
Source: nzherald.co.nz - Business | 31 Oct 2009 | 10:00 am

Matt McCarten : What happened to the true meaning of Labour Day?

Last Monday was Labour Day. Our forebears ensured this day was legislated so that workers could take a day off to celebrate the role of workers.There used to be a time when the role of the working class was central to the politics...
Source: nzherald.co.nz - Business | 31 Oct 2009 | 10:00 am

Networks slug it out over breakfast victory claims

The breakfast radio battle is heating up - with a war of words over latest ratings. NewstalkZB has maintained its dominance since Mike Hosking took over from longtime broadcaster Paul Holmes in January, although rival Marcus Lush...
Source: nzherald.co.nz - Business | 31 Oct 2009 | 10:00 am

US stocks slide ahead of Fed rate decision, jobless data (AFP)

AFP - Despite the return of US economic growth, Wall Street was in no mood to celebrate as it braced for a Federal Reserve interest rate decision and crucial monthly labor data next week.

Source: Yahoo! News: Stock Markets News | 31 Oct 2009 | 9:57 am

HBOS to alter overdraft changes

Halifax Bank of Scotland has modified changes due to come in for customers who have authorized overdrafts.
Source: BBC News | Business | World Edition | 31 Oct 2009 | 9:35 am

NewsWatch: 9 more U.S. banks fail; $2.5 billion hit for FDIC

All nine of the closed banks were owned by an Illinois holding company.

Source: MarketWatch.com - Top Stories | 31 Oct 2009 | 7:05 am

Are 'too big to fail' powers just too big?

As Congress starts debating how to deal with financial firms deemed "too big too fail," some lawmakers and advocates are worried about giving the executive branch expansive new powers over the financial sector.
Source: Business and financial news - CNNMoney.com | 31 Oct 2009 | 6:22 am

Handset Growth Expected To Surge With Apple (AAPL) Is The Lead

The global handset business has faltered due to the recession. Research firm Strategic Analytics says that worldwide handset sales fell to 291 million units in Q3 down from 304 million in the same period a year ago. But, the firm expects Q4 to be a period of improving sales compared to last year, and part of that [...]

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Source: 24/7 Wall St. | 31 Oct 2009 | 6:09 am

Personal Finance Daily: The week's 10 best Personal Finance stories

In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of Oct. 26-Oct. 30:

Source: MarketWatch.com - Top Stories | 31 Oct 2009 | 6:01 am

Top Ten: The week's Top 10 videos on MarketWatch

In case you missed them, here are the top 10 videos that appeared on MarketWatch for the week of Oct. 26-Oct. 30:

Source: MarketWatch.com - Top Stories | 31 Oct 2009 | 6:01 am

iPhone app for the easily lost

New software transforms your phone into a GPS device - and a pretty good one, too.
Source: Business and financial news - CNNMoney.com | 31 Oct 2009 | 5:56 am

New Commercial Real Estate Accounting Rules: Cooking The Books

New guidelines for examining commercial real estate loans issued by the FDIC appear to allow examiners to go easy on banks as they account for what would be, under many circumstances, considered non-performing commercial real estate loans. This may help banks with their balance sheets and solvency, but it also misleads bank investors and the public about [...]

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Source: 24/7 Wall St. | 31 Oct 2009 | 5:50 am

9 banks in major holding company fail

Nine 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 | 31 Oct 2009 | 5:48 am

Big selloff ends Wall Street's week

Stocks 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 | 31 Oct 2009 | 5:48 am

Nine More US Banks Fail

Nine more banks failed and the pace of the closures appears to have quickened. The number of banks that would fail next year is over four if the current pace is maintained. A number of analysts say that they expect over 500 financial firms go under due to the recession. The FDIC listed North Houston Bank, [...]

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Source: 24/7 Wall St. | 31 Oct 2009 | 5:09 am

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