|
|
|
|
Consumer confidence on the riseConsumer confidence rises to its highest level for 18 months but major job fears remain, says the British Retail Consortium.Source: BBC News | Business | World Edition | 2 Nov 2009 | 3:24 am Delaware Named As Better Place To Hide Money Than SwitzerlandAll of the tax evasion cases brought against customers at Swiss banks would lead most analysts to believe that it is the world capital of hiding money. Numbered Swiss bank accounts are a legend based on the readiness of the financial system in Switzerland to keep the indentities of its clients secret. It turns out the Switzerland is [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 2 Nov 2009 | 3:22 am Manufacturing grows at fastest for two yearsBritain's manufacturing sector expanded at its fastest rate for two years in October, according to the monthly survey by CIPS/Markit, helped by strong growth in output and new orders. Source: Latest Business News from Times Online | 2 Nov 2009 | 3:19 am Hotel attack kills at least 35 in PakistanA powerful car bomb blast outside a hotel near the army’s general headquarters in Rawalpindi, on the outskirts of the capital, killed at least 35 peopleSource: Financial Times - US homepage | 2 Nov 2009 | 3:16 am A property is repossessed every 11 minutes according to Credit ActionCredit Action say that a property is repossessed every 11min.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 2 Nov 2009 | 3:15 am Beckerman Announces New HireRob Manfredo Joins Fast-Growing PR Firm HACKENSACK, N.J., Nov. 2 /PRNewswire/ -- Beckerman, one of the largest independent public relations firms in the industry, has...Source: RSS feed - channel BNewsBusiness | 2 Nov 2009 | 3:05 am Eurozone manufacturing expands in 17-month firstA widely-watched index of manufacturing activity in the 16-nation eurozone showed that the sector expanded in October for the first time since May 2008. The eurozone's purchasing...Source: RSS feed - channel BNewsBusiness | 2 Nov 2009 | 3:04 am UPDATE 2-Ryanair may reverse growth strategy as fares fall* Keeps FY profit f'cast at lower end of 200mln-300mln eurosSource: RSS feed - channel BNewsBusiness | 2 Nov 2009 | 3:01 am Wal-Mart (WMT): More Toy Price Cuts And Big City DreamsWal-Mart (NYSE:WMT) becomes more aggressive in soliciting new customers and undercutting rivals as each week passes. It has the balance sheet and retail locations to do those things. The world’s largest retailer recently cut the prices of 100 toys below $10 and brought the price that it charges for popular e-books under $10 to take market [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 2 Nov 2009 | 3:01 am Earnings Watch: Updates, advisories and surprisesA roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source: MarketWatch.com - Top Stories | 2 Nov 2009 | 3:01 am Tokyo slump leads Asia lower, Shanghai jumps 2.7%Most Asian markets ended lower Monday, with Japanese exporters such as Sony hurt by concerns over the U.S. economy and the yen’s recent strength. But Chinese stocks rallied.
Source: MarketWatch.com - Top Stories | 2 Nov 2009 | 3:01 am Top-10 Global Bank Selects Actimize, a NICE Company, in a High7-Digit Deal to Standardize on a Single Enterprise-Wide Anti-Fraud PlatformIn one of the First and Largest Moves in the Banking Sector, Actimize to Replace and Consolidate Dozens of 3rd Party and Proprietary Anti-Fraud Systems Across Various Channels ...Source: RSS feed - channel BNewsBusiness | 2 Nov 2009 | 3:00 am Internet Gold's Third Quarter Earnings Release and Conference Call Scheduled for November 19, 2009PETACH TIKVA, Israel, Nov. 2 /PRNewswire-FirstCall/ -- Internet Gold (Nasdaq: IGLD) today announced that it will release its third quarter results on Thursday , November 19,...Source: RSS feed - channel BNewsBusiness | 2 Nov 2009 | 2:57 am Stocks set to reboundU.S. stocks appeared ready to rebound Monday from the previous session's sharp fall.Source: Business and financial news - CNNMoney.com | 2 Nov 2009 | 2:56 am Wall Street's broken rallyLast week's big selloff did more than just rattle investors: it put an end to a seven-month win streak that had pushed the S&P 500 more than 60% above the March lows.Source: Business and financial news - CNNMoney.com | 2 Nov 2009 | 2:55 am Zimbabwe diamond sales ban urgedRights groups want Zimbabwe banned from the international diamond trade over allegations of abuse by its soldiers.Source: BBC News | Business | World Edition | 2 Nov 2009 | 2:51 am Audit: KBR must trim Iraq work force or face finesThe Army's primary support contractor in Iraq is being warned by Pentagon auditors to cut its work force there or face nearly $200 million in penalties for keeping thousands too many on theSource: RSS feed - channel BNewsBusiness | 2 Nov 2009 | 2:49 am Summers to lead high-level meeting on economy, job creationWASHINGTON (Reuters) - White House economic adviser Lawrence Summers will lead a high-level meeting on Monday to discuss the state of the economy, job creation and ways to achieve sustainable growth.Source: Reuters: Business News | 2 Nov 2009 | 2:49 am Summers to lead high-level meeting on economy, job creation (Reuters)
Source: Yahoo! News: Business | 2 Nov 2009 | 2:49 am TNT reports another profit fallDutch mail delivery firm TNT Post reports its fifth consecutive quarter of falling profits.Source: BBC News | Business | World Edition | 2 Nov 2009 | 2:48 am Pfizer eyes deal with Israel's Protalix-newspaperTEL AVIV, Nov 2 (Reuters) - Pfizer , the world's largest drugmaker, is considering a cooperation deal with Protalix Biotherapeutics and may even try to buy the Israeli company, TheMarker financial newspaper...Source: RSS feed - channel BNewsBusiness | 2 Nov 2009 | 2:47 am Yell's shares jump on debt dealShares in Yell, the Yellow Pages directory publisher, jumped 6.9p, or 13 per cent, to 58.15p after it said that it had received more than the threshold 95 per cent acceptances required from its 1,000 creditors to allow it to go ahead with its debt restructuring plan. Source: Latest Business News from Times Online | 2 Nov 2009 | 2:47 am CalciTech Reports Major Shareholder FilingGENEVA, November 2 /PRNewswire-FirstCall/ -- CalciTech Ltd. (OTCBB: CLKTF) CalciTech announces today that it has been advised that a Schedule 13G has been filed by...Source: RSS feed - channel BNewsBusiness | 2 Nov 2009 | 2:45 am London Markets: Royal Bank of Scotland declines, FTSE 100 edges upGains for miners and oil producers offset losses from state-supported lenders RBS and Lloyds.
Source: MarketWatch.com - Top Stories | 2 Nov 2009 | 2:43 am Stock futures signal rebound on Wall Street (Reuters)
Source: Yahoo! News: Stock Markets News | 2 Nov 2009 | 2:38 am Stock futures signal rebound on Wall Street(Reuters) - Stock index futures pointed to a higher open on Wall Street on Monday, signaling a rebound after the previous session's steep losses, with futures for the S&P 500 up 0.74 percent, Dow Jones futures up 0.68 percent and Nasdaq 100 futures up 0.02 percent at 4:12 a.m. EST.Source: Reuters: Business News | 2 Nov 2009 | 2:38 am Stock futures signal rebound on Wall Street (Reuters)
Source: Yahoo! News: Business | 2 Nov 2009 | 2:38 am Air China and Continental Airlines Launch Frequent Flyer Program CooperationBEIJING, Nov. 2 /PRNewswire-Asia/ -- Air China and Continental Airlines launch frequent flyer program cooperation beginning October 27, 2009. (Logo:Source: RSS feed - channel BNewsBusiness | 2 Nov 2009 | 2:31 am RBS to consider further asset salesThe bank is considering further asset sales ‘not initially contemplated’, as part of talks aimed at breaking free from a state-backed asset insurance schemeSource: Financial Times - US homepage | 2 Nov 2009 | 2:29 am RBS to consider further asset salesRoyal Bank of Scotland said on Monday it was considering further asset sales "not initially contemplated", as part of the talks with the government aimed at breaking free from a state-backed asset insurance...Source: RSS feed - channel BNPaperBusiness | 2 Nov 2009 | 2:29 am E.U. set to demand further RBS asset salesShares in the Royal Bank of Scotland fell as much as 13% Monday after the bank said the European Commission will likely force it to sell more assets than originally planned.
Source: MarketWatch.com - Top Stories | 2 Nov 2009 | 2:24 am Oil bonanza?South Sudanese see little benefit from $7bnSource: BBC News | Business | World Edition | 2 Nov 2009 | 2:19 am Europe Markets: RBS, Ryanair pressured in lackluster EuropeEuropean shares are in a tight range on Monday, the first trading session of a new month.
Source: MarketWatch.com - Top Stories | 2 Nov 2009 | 2:19 am Ryanair may halt 'rapid growth'Budget airline Ryanair reports strong profits, but threatens to stop growing if it does not get a better deal on Boeing aircraft.Source: BBC News | Business | World Edition | 2 Nov 2009 | 2:15 am Maths whizz stays ahead of the fantasy gameHow have the leaders in our Fantasy Fund Manager competition managed to make a return of more than 500pc in seven months?Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 2 Nov 2009 | 2:14 am Human Genome, Glaxo lupus drug works in 2nd trialBOSTON (Reuters) - Human Genome Sciences Inc said on Monday its experimental lupus drug Benlysta was successful in a second large clinical trial, paving the way for approval of the first...Source: RSS feed - channel BNewsBusiness | 2 Nov 2009 | 2:11 am Human Genome, Glaxo lupus drug works in 2nd trialBOSTON (Reuters) - Human Genome Sciences Inc said on Monday its experimental lupus drug Benlysta was successful in a second large clinical trial, paving the way for approval of the first new treatment for the disease in 50 years.Source: Reuters: Business News | 2 Nov 2009 | 2:11 am RBS shares drop on surprise EU divestment demandsBank's shares hit by possibility that the rescued lender may have to sell off bits it wants to keep to satisfy EU competition regulators.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 2 Nov 2009 | 2:09 am Oil climbs above $77, China data supportsLONDON (Reuters) - Oil rose above $77 a barrel on Monday, retracing some of the previous session's drop, as manufacturing data from China helped to allay fears about the pace of the rebound in global energy demand.Source: Reuters: Business News | 2 Nov 2009 | 2:07 am 5 things never to say to your insurers1. "I think ..."Source: Business and financial news - CNNMoney.com | 2 Nov 2009 | 1:56 am Banks under pressure in LondonBanking stocks took the biggest toll on London's equities market on Monday, after the government signalled the possible break-up of the UK's publicly-owned banks. Royal Bank of Scotland was the biggest...Source: RSS feed - channel BNPaperBusiness | 2 Nov 2009 | 1:55 am Media Digest 11/2/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy. Reuters: Summers will lead a high level meeting on the economy. Reuters: US companies are holding more cash. Reuters: The Fed is likely to keep interest rates flat due to economic uncertainty. Reuters: Comcast (NASDAQ:CMCSA) is close to gaining control of NBC Universal from GE (NYSE:GE). Reuters: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 2 Nov 2009 | 1:54 am When Grandma offers tuition helpDespite losses in their own investments, 65% of grandparents plan to help their grandkids pay for college, reports the College Savings Foundation. That may spell relief for parents squeezed by the economy. But handled incorrectly, such giving could hurt your child's chances for financial aid, says Joe Hurley of savingforcollege.com. Here are the best ways for Grandma to give.Source: Business and financial news - CNNMoney.com | 2 Nov 2009 | 1:51 am The downside of debit cardsOut: credit cards. In: debit cards. As more and more Americans shun traditional credit cards, they're turning to debit cards. But you should know there are downsides to debit cards too.Source: Business and financial news - CNNMoney.com | 2 Nov 2009 | 1:43 am Asian stock markets slide amid US recovery doubts (AP)
Source: Yahoo! News: Stock Markets News | 2 Nov 2009 | 1:39 am CIT: 5th largest U.S. bankruptcyCIT Group Inc., one of the nation's leading funders of small and medium-sized businesses, filed for the fifth largest bankruptcy by assets in U.S. history Sunday as part of a reorganization plan that has the support of an overwhelming majority of debtholders.Source: Business and financial news - CNNMoney.com | 2 Nov 2009 | 1:34 am UN chief in Kabul as run-off decision loomsUN chief Ban Ki-Moon makes a surprise visit to Afghanistan as pressure grows to abandon plans for a risky run-off vote after the withdrawal of President Hamid Karzai’s only rivalSource: Financial Times - US homepage | 2 Nov 2009 | 1:29 am RBS nears toxic asset agreementRBS says it is close to an agreement with the Treasury to take part in the government's asset protection scheme.Source: BBC News | Business | World Edition | 2 Nov 2009 | 1:26 am RBS says EU may force 'unforeseen' asset salesThe Royal Bank of Scotland (RBS) warned today that negotiations with the European Commission over the sale of assets in return for state aid will include “some divestments not initially contemplated”, sending the lender's shares tumbling. Source: Latest Business News from Times Online | 2 Nov 2009 | 1:24 am Asia Markets And Europe OpenStocks in Asia were lower. The Nikkei fell 2.3% to 9,803. The Hang Seng was down .7% to 21,609. The Shanghai Composite rose 2.7% to 3,077. At the open in Europe, the FTSE was down .3% to 5,032. The Dax was lower by .2% to 5,402. The CAC 40 dropped 2% to 3,599. RBS (NYSE:RBS) fell by over 10% Data [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 2 Nov 2009 | 1:21 am China start-up stocks plunge on profit-taking (AFP)
Source: Yahoo! News: Stock Markets News | 2 Nov 2009 | 1:13 am Ryanair signals halt to aggressive growthEurope's largest budget airline may switch money earmarked for new planes to pay shareholders.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 2 Nov 2009 | 1:08 am Ryanair chides Boeing as profit climbs 35%Europe’s largest no-frills carrier says declining fuel prices more than offset the impact of declining average fares.
Source: MarketWatch.com - Top Stories | 2 Nov 2009 | 1:08 am CIT Group files for bankruptcy protectionThe action by the lender to small and mid-size businesses will probably wipe out the government's $2.3-billion investment in the company.CIT Group Inc., a major lender to small and medium-size businesses, filed for bankruptcy protection Sunday afternoon, a process that almost certainly will wipe out the federal government's $2.3-billion investment in the company.
Source: L.A. Times - Business | 2 Nov 2009 | 1:00 am Michael Jackson film 'This Is It' performs well overseasThe Sony Pictures movie takes in an estimated $68.5 million over five days outside the U.S. and Canada, more than double its domestic total. ...Source: RSS feed - channel BNPaperBusiness | 2 Nov 2009 | 1:00 am Michael Jackson film 'This Is It' performs well overseasThe Sony Pictures movie takes in an estimated $68.5 million over five days outside the U.S. and Canada, more than double its domestic total.The last time one of Michael Jackson's tours played the continental United States was 1988. So perhaps it's no surprise that "This Is It," Sony Pictures' film made from rehearsal footage for Jackson's planned London concert series, did more than twice as much business internationally in its first five days as it did domestically.
Source: L.A. Times - Business | 2 Nov 2009 | 1:00 am An antitrust exemption for insurers? That's not the real problemI suspect I had the same reaction as many other Americans after hearing that Congress was planning to strip the health insurance industry of its antitrust exemption.
Source: L.A. Times - Business | 2 Nov 2009 | 1:00 am Employment, factory and home sales data are dueThe stock market's volatility adds urgency to a flood of data this week that could help signal whether investors have been prescient or premature in the bets they've been placing on a rebound in the economy...Source: RSS feed - channel BNPaperBusiness | 2 Nov 2009 | 1:00 am The week ahead, at a glanceAt a glance MONDAYSource: RSS feed - channel BNPaperBusiness | 2 Nov 2009 | 1:00 am An antitrust exemption for insurers? That's not the real problemI suspect I had the same reaction as many other Americans after hearing that Congress was planning to strip the health insurance industry of its antitrust exemption.Source: RSS feed - channel BNPaperBusiness | 2 Nov 2009 | 1:00 am Employment, factory and home sales data are dueThe stock market's volatility adds urgency to a flood of data this week that could help signal whether investors have been prescient or premature in the bets they've been placing on a rebound in the economy.
Source: L.A. Times - Business | 2 Nov 2009 | 1:00 am Summit is trying to avoid its own twilightThe studio hopes to capitalize on the teen vampire phenomenon 'Twilight' series and avoid the premature demise of other media upstarts. ...Source: RSS feed - channel BNPaperBusiness | 2 Nov 2009 | 1:00 am The week ahead, at a glanceAt a glance MONDAY
Source: L.A. Times - Business | 2 Nov 2009 | 1:00 am Home equity loan market remains very tightNot only are fewer credit lines and loans being granted despite improvement in the rest of the home loan market, the terms are a lot less attractive than before.Traditional 30-year mortgages these days are unusually affordable by historical standards, but if you're looking for a home equity line of credit, don't expect any deals.
Source: L.A. Times - Business | 2 Nov 2009 | 1:00 am Summit is trying to avoid its own twilightThe studio hopes to capitalize on the teen vampire phenomenon 'Twilight' series and avoid the premature demise of other media upstarts.It didn't take long for Hollywood's newest movie studio, Summit Entertainment, to reach a crossroads.
Source: L.A. Times - Business | 2 Nov 2009 | 1:00 am CIT Group files for bankruptcy protectionThe action by the lender to small and mid-size businesses will probably wipe out the government's $2.3-billion investment in the company. ...Source: RSS feed - channel BNPaperBusiness | 2 Nov 2009 | 1:00 am West Hollywood reaches out to gay and lesbian touristsThe city is trying to shore up revenues by wooing a 'very lucrative segment.'If you plan on protesting a ban on same-sex marriage, what better place than West Hollywood, a town known nationwide as a center for gay activism and politics?
Source: L.A. Times - Business | 2 Nov 2009 | 1:00 am West Hollywood reaches out to gay and lesbian touristsThe city is trying to shore up revenues by wooing a 'very lucrative segment.' If you plan on protesting a ban...Source: RSS feed - channel BNPaperBusiness | 2 Nov 2009 | 1:00 am Ryanair threatens strategy U-turn amid Boeing talksRyanair, the Irish budget airline, said today that it was ready to tear up its growth strategy and return more cash to shareholders if it fails to agree a deal to buy new planes from Boeing before the end of the year. Source: Latest Business News from Times Online | 2 Nov 2009 | 12:49 am Asian stock markets slide on jitters over USAsian stock markets fell on Monday after grim news about American consumers sowed more doubts about the strength of the US economic recovery and sent Wall Street tumbling last week.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 2 Nov 2009 | 12:46 am Suzuki raises forecast on India salesTOKYO, Nov 2 (Reuters) - Suzuki Motor quadrupled its annual operating profit forecast on Monday as sales soared in its main Indian market, setting it apart from other Japanese automakers that have depended...Source: RSS feed - channel BNPaperBusiness | 2 Nov 2009 | 12:35 am Aussie stocks close over 2pc downSYDNEY - The Australian share market closed sharply lower on Monday following big falls in commodity prices and Wall Street.The broad-based decline was led by financial and resources stocks and came amid the listing of department...Source: nzherald.co.nz - Business | 2 Nov 2009 | 12:26 am Dark pools account for 4% of Europe trades: studyDark pools -- trading platforms where buyers and sellers place anonymous orders -- now account for about 4% of all European equity trading, according to a report released Monday.
Source: MarketWatch.com - Top Stories | 2 Nov 2009 | 12:26 am House prices rise for third month Hometrack surveyFewer homes for sale boosts prices for a third month says Hometrack.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 2 Nov 2009 | 12:23 am Comcast close to gaining control of NBC universal: report(Reuters) - Comcast Corp and General Electric Co are closer to a deal to give Comcast a 51 percent stake in NBC Universal and a formal announcement may be made in the coming week, the New York Times said, citing people briefed on the talks.Source: Reuters: Business News | 2 Nov 2009 | 12:18 am Comcast close to gaining control of NBC universal: report (Reuters)Reuters - Comcast Corp and General Electric Co are closer to a deal to give Comcast a 51 percent stake in NBC Universal and a formal announcement may be made in the coming week, the New York Times said, citing people briefed on the talks.Source: Yahoo! News: Business | 2 Nov 2009 | 12:18 am BA cabin crew meet over job plansThe Unite union warns BA staff could strike at Christmas unless planned job cuts and work pattern changes are cancelled.Source: BBC News | Business | World Edition | 2 Nov 2009 | 12:18 am Bridgestone to withdraw from F1 at end of 2010Japanese tire maker Bridgestone says it will withdrawal its support for Formula 1 racing after the 2010 season, as part of a strategy shift to focus on its core business.
Source: MarketWatch.com - Top Stories | 1 Nov 2009 | 11:37 pm Market falls 1pc after US tumbleThe United States equity market's power to influence others was demonstrated today when the New Zealand market fell, after the Dow had its worst slide since July on Friday.Still, the benchmark NZSX-50 index did not move in lockstep,...Source: nzherald.co.nz - Business | 1 Nov 2009 | 11:23 pm Peter Brimelow: Turnaround Letter not for faint of heartA bad week for stocks has investors worried, but one top-performing letter remains fully invested.
Source: MarketWatch.com - Top Stories | 1 Nov 2009 | 11:19 pm U.S. companies holding more cash: report(Reuters) - U.S. companies hurt by the global credit crisis are continuing to hold more cash, even as the economy begins to show signs of improvement, the Wall Street Journal said, citing its analysis of company filings.Source: Reuters: Business News | 1 Nov 2009 | 10:57 pm Goodbye to all that stimulus? (Reuters)
Source: Yahoo! News: Stock Markets News | 1 Nov 2009 | 10:52 pm NZ dollar dives, then recoversThe New Zealand dollar dived then recovered some ground today and currency watchers advised investors to hold on tight for a volatile week's trading.The NZ dollar fell as low as US71.50c today from US73.24c at 5pm on Friday. It...Source: nzherald.co.nz - Business | 1 Nov 2009 | 10:31 pm Wal-Mart announces second round of toy price cuts (Reuters)Reuters - Wal-Mart Stores Inc on Monday announced its second round of price cuts on toys as the world's biggest retailer backs up its intention to be the "price leader" this holiday shopping season.Source: Yahoo! News: Business | 1 Nov 2009 | 10:23 pm Wal-Mart announces second round of toy price cutsNEW YORK (Reuters) - Wal-Mart Stores Inc on Monday announced its second round of price cuts on toys as the world's biggest retailer backs up its intention to be the "price leader" this holiday shopping season.Source: Reuters: Business News | 1 Nov 2009 | 10:23 pm CIT Group files for bankruptcyNEW YORK (Reuters) - CIT Group Inc, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession clobbered its loans.Source: Reuters: Business News | 1 Nov 2009 | 10:07 pm Marsh on Monday: Is new German finance minister akin to FDR?It's a bit too early to tell if the man sworn in last week as Germany's new finance minister, 67-year-old Wolfgang Schäuble, turns out to be Europe's answer to Franklin D. Roosevelt.
Source: MarketWatch.com - Top Stories | 1 Nov 2009 | 10:01 pm Big growth hopes could be dashed, says TreasuryEarly signs of an economic recovery might not be as strong as many people hope, Treasury said today.Treasury's October monthly indicators showed the outlook for world economic growth had lifted in recent times, with credit conditions...Source: nzherald.co.nz - Business | 1 Nov 2009 | 9:00 pm N Korea signals willing to resume nuclear talksNorth Korea called for direct talks with the US and gave the clearest signal so far it was ready to return to nuclear disarmament talks it has boycotted for almost a yearSource: Financial Times - US homepage | 1 Nov 2009 | 8:44 pm Goldman in talks to buy Fannie tax credits: report (Reuters)
Source: Yahoo! News: Business | 1 Nov 2009 | 8:33 pm BofA reaches out to BNY Mellon chief for CEO jobNEW YORK (Reuters) - Bank of New York Mellon Corp Chief Executive Robert Kelly was recently approached about taking the CEO job at Bank of America Corp , but he has shown no interest in the job, The Wall Street Journal reported.Source: Reuters: Business News | 1 Nov 2009 | 7:50 pm Lehman Brothers art auction raises $1.34 million$The sale of artworks owned by Lehman Brothers before it filed for bankruptcy last year raised $US1.34 million ($£815,000) at auction in Philadelphia yesterday – nearly double what had been expected. Source: Latest Business News from Times Online | 1 Nov 2009 | 7:11 pm Dollar outlook: Kiwi may fall further amid rising risk aversionThe New Zealand dollar may fall this week as investors get jittery about the speed and strength of the global recovery and flock back to so-called safe-haven currencies such as the US dollar and yen.Four of seven economists and...Source: nzherald.co.nz - Business | 1 Nov 2009 | 7:00 pm Kate Ross: Signs of life on recruitment frontI would say the general feel from the jobs market right now is cautious optimism. Businesses are feeling better and recruitment is showing signs of life. Consumerism is still slow, but you would expect this as things have...Source: nzherald.co.nz - Business | 1 Nov 2009 | 6:30 pm CIT Group files for bankruptcy (Reuters)Reuters - CIT Group Inc, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession clobbered its loans.Source: Yahoo! News: Business | 1 Nov 2009 | 6:14 pm Madoff thought he had SEC fooledBernard Madoff was apparently convinced that it never even occurred to Securities and Exchange Commission staff he was running a Ponzi scheme, despite the agency's numerous probes of his business.A document released on the weekend...Source: nzherald.co.nz - Business | 1 Nov 2009 | 6:00 pm Expat boost for business leadersHundreds of international business leaders are gathering to try to help Scottish businesses reach new export markets.Source: BBC News | Business | World Edition | 1 Nov 2009 | 5:36 pm CIT files for bankruptcy protectionCIT Group, the troubled US commercial lender which has been in business for over a century, filed for bankruptcy after restructuring and bail-out efforts failedSource: Financial Times - US homepage | 1 Nov 2009 | 5:09 pm Back to the FutureNovember 2, 2089 Source: Latest Business News from Times Online | 1 Nov 2009 | 5:01 pm Lufthansa pulls bmi sale after price fails to attract biddersLufthansa, the German flag carrier, has withdrawn bmi from sale and will concentrate on trying to turn around the loss-making airline itself. Source: Latest Business News from Times Online | 1 Nov 2009 | 5:01 pm Harriet Harman: Kelly expenses report may be watered downProposed reforms to MPs’ system of expenses will probably be watered down before they are implemented, Harriet Harman has reassured MPs. Source: Latest Business News from Times Online | 1 Nov 2009 | 5:01 pm Chancellor plans curbs on high earnersAlistair Darling is expected to launch a fresh crackdown on tax avoidance in the Pre-Budget Report (PBR) in an attempt to ensure that high earners do not sidestep the new 50 per cent tax rate. Source: Latest Business News from Times Online | 1 Nov 2009 | 5:01 pm Shareholders have week to wait for Kraft to unwrap its bid for CadburyKraft is set to make a hostile bid for Cadbury within a week. Under Takeover Panel rules, the American food group must bid for the British maker of Creme Eggs, Dairy Milk and liquorice allsorts by 5pm next Monday or walk away for six months. Source: Latest Business News from Times Online | 1 Nov 2009 | 5:01 pm Xero to launch personal finance productAccounting software company Xero Ltd is launching a product individuals can use to manage their money.The Xero Personal product, which allows consumers to have a complete view of all aspects of their finances, will be launched...Source: nzherald.co.nz - Business | 1 Nov 2009 | 5:00 pm Walmart eyes urban expansion in USWalmart has stepped up efforts to mobilise local political support for new store openings in US cities and urban areas that were last month identified as a growth priority for the retailer by Mike Duke, its chief executiveSource: Financial Times - US homepage | 1 Nov 2009 | 4:55 pm Telecom cries foul over rural levy changesTelecom is crying foul over the government's proposed changes to the levy put in place to protect rural customers when the carrier was privatised in the 1990s, saying it will lead to less investment in outlying areas.The Telecommunications...Source: nzherald.co.nz - Business | 1 Nov 2009 | 4:30 pm Real estate pundits sing mainly from same songbookThere are various sources of information about the residential property market - Quotable Value, REINZ, independent agencies - which can sometimes be confusing to the potential buyer or seller seeking an answer to the question: "have...Source: nzherald.co.nz - Business | 1 Nov 2009 | 4:30 pm Ford's union workers reject concessionsSource: Business and financial news - CNNMoney.com | 1 Nov 2009 | 4:18 pm The China Stimulus FolliesChina managed to pull another rabbit out of its growth hat. The world’s most populous nation said its GDP grew 8.9% in the third quarter. Some outside analysts are skeptical about how China keeps its records of such things, but its economy is clearly growing faster than that of any other large economy in the world. Today [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 1 Nov 2009 | 4:07 pm US Senate to introduce draft financial billThe US Senate is close to producing draft legislation on financial regulation – but in a form that complicates the Obama administration’s own plan for dealing with future crises and that may end the chances of a bipartisan law passing this yearSource: Financial Times - US homepage | 1 Nov 2009 | 3:42 pm Terminator franchise to be auctioned offThe rights to the Terminator film franchise will be auctioned this month in a deal that will test Hollywood intellectual property valuations at a time when film industry profits are under pressure from falling DVD salesSource: Financial Times - US homepage | 1 Nov 2009 | 3:40 pm CIT Group files for US bankruptcyThe US lender, CIT Group, files for bankruptcy protection, after a debt-exchange offer to bondholders fails.Source: BBC News | Business | World Edition | 1 Nov 2009 | 3:06 pm Kraft (KFT) Does It Shareholders No Favor: Gets Hostile With CadburyThe efforts of Cadbury’s board to keep the company out of the clutches of Kraft (NYSE:KFT) will likely fail because no second bidder has emerged. The Times says that Kraft will make a hostile bid for the UK-based company toward the end of this week. The offer is likely to be at little or no premium to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 1 Nov 2009 | 3:04 pm RBS risks investment bank sale in EC fightRoyal Bank of Scotland may have to accept significant cutbacks in its investment banking division if it is to keep US retail bank Citizens.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 1 Nov 2009 | 1:57 pm Palestinian ire as Clinton backs IsraelPalestinian officials accused Hillary Clinton, US secretary of state, of backtracking on pledges by the Obama administration after she endorsed the Israeli prime minister’s stance that a renewal of talks should not hinge on a settlement freezeSource: Financial Times - US homepage | 1 Nov 2009 | 1:32 pm BA plans £140m cuts as staff vote on strikeThe threat of a strike looms for BA as it seeks £140m in cuts.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 1 Nov 2009 | 1:11 pm After stock market slide data take on new urgency (AP)
Source: Yahoo! News: Stock Markets News | 1 Nov 2009 | 1:05 pm Tory economic tightening plans could be a disaster warns surveyPlans to slash public spending and shrink the deficit could spell "disaster" for the UK economy report warns.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 1 Nov 2009 | 12:34 pm Kraft seeks to convince investors on Cadbury bidKraft is poised to make its formal offer for Cadbury's on the back of improved thirdquarter earnings but analysts are not anticipating any big improvement on its indicative £10.2bn cash and paper bid pitched at 745p a share.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 1 Nov 2009 | 12:11 pm Fed seen on hold as outlook uncertainNEW YORK (Reuters) - The U.S. economy may have turned a corner after the deepest recession in some 70 years, but Federal Reserve policymakers appear to be in no rush to raise interest rates.Source: Reuters: Business News | 1 Nov 2009 | 11:42 am CIT (CIT) Prepares Chapter 11According to The Wall Street Journal, CIT (NYSE:CIT) will file for Chapter 11 today. Bondholders will probably provide $4.5 billion in financing for a prepackaged bankruptcy. Senior creditors will likely get $.70 on $1. Carl Icahn, who offered that company $1 billion in financing, may be left out in the cold because CIT may not need the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 1 Nov 2009 | 11:14 am Pfizer backs US health reformJeffrey Kindler, chief executive of Pfizer, expressed confidence that US healthcare reform would be approved by the end of this year, and praised the Senate finance committee’s latest draft in spite of the extra costs it would impose on his businessSource: Financial Times - US homepage | 1 Nov 2009 | 10:58 am Gulf monetary council 'on track'The Gulf monetary council, the prelude to a regional single currency, will be established in 2010, the Saudis say.Source: BBC News | Business | World Edition | 1 Nov 2009 | 10:47 am 'My biggest mistake'The folks on Fortune's 40 under 40 list may be rising stars, but they're not perfect. Here are the decisions they most regret in their careers.Source: Business and financial news - CNNMoney.com | 1 Nov 2009 | 10:41 am Microsoft's new stores look a little familiarMicrosoft opened its second retail store in Mission Viejo, Calif., last Thursday. It drew quite a crowd -- some 1,000 people, according to the Orange County Register, via CNET -- in part because Microsoft was giving away concert tickets to those at the front of the line.Source: Business and financial news - CNNMoney.com | 1 Nov 2009 | 10:37 am Fed seen on hold as outlook uncertain (Reuters)Reuters - The U.S. economy may have turned a corner after the deepest recession in some 70 years, but Federal Reserve policymakers appear to be in no rush to raise interest rates.Source: Yahoo! News: Business | 1 Nov 2009 | 10:05 am Chrysler offers buyout to 23,000 workersDays before unveiling its latest recovery plan, Chrysler Group has extended a buyout program to 23,000 U.S. workers in an effort to further trim its workforce.Source: Business and financial news - CNNMoney.com | 1 Nov 2009 | 10:02 am US Kicked Out Of Top Spot In World Economic Forum SurveyThe World Economic Forum published its most recent Financial Development Report. In the executive summary of the study, written by Nouriel Roubini and James Biodeau, fifty-five countries were graded on seven scales: institutional environment, business environment, financial stability, banking financial services, non-banking financial services, financial markets, and financial access. The US would be at the top [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 1 Nov 2009 | 9:03 am The Unusual Suspects (BEAT, CIT, CIT-PZ, GNW, GFIG, HGSI, GSK, MCO, BRK-A, RVSN, CSCO)Earnings season is seeming to wind down here, but that won’t stop the unusual suspects of key equity events and issues to watch this coming week. We are looking into key issues for the coming week in the stocks of CardioNet, Inc. (NASDAQ:BEAT), CIT Group, Inc. (NYSE: CIT), Genworth Financial Inc. (NYSE: GNW), GFI Group [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 1 Nov 2009 | 8:33 am Madoff documents reveal incredulous, unfocused SEC (Reuters)
Source: Yahoo! News: Stock Markets News | 1 Nov 2009 | 7:00 am UAW Drives Ford (F) Off A CliffThe UAW rank-and-file rejected a labor pact with Ford (NYSE:F) even though the car company offered each member of the union $1,00o to agree to the deal The No.2 US auto company now has to deal with the bitter fruit of its own prosperity. Ford has done much better financially than its government-supported rivals GM and Chrysler [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 1 Nov 2009 | 5:47 am
|
