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GM scraps plan to sell Vauxhall and Opel to MagnaLord Mandelson will today seek private talks with the board of General Motors to discuss the future of about 5,500 Vauxhall workers in Britain after the American car giant scrapped advanced plans to sell its European business. Source: Latest Business News from Times Online | 4 Nov 2009 | 3:49 pm Media Digest 11/4/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: Opel must now arrange for GM’s unexpected ownership Reuters: The Fed will probably keep its “easy money” program. Reuters: Toyota (NYSE:TM) will pull out of Formula 1 racing. Reuters: The IEA will cut its long-term oil demand outlook. Reuters: Berkshire Hathaway (NYSE:BRK.A) bought Burlington Northern (NYSE:BNI) in the biggest deal in its history Reuters: A new poll shows [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Nov 2009 | 3:34 am General Motors cancels Opel saleGeneral Motors announces that it has cancelled plans to sell Opel and Vauxhall to Canadian car parts firm Magna.Source: BBC News | Business | World Edition | 4 Nov 2009 | 3:27 am Anger over GM’s Opel U-turnBoard’s decision came as a huge surprise and will be an affront for the German government, which has spent months trying to clinch a state-suppported deal with Magna and SberbankSource: Financial Times - US homepage | 4 Nov 2009 | 3:25 am Disney (DIS) Goes To ChinaChina has approved a plan for Disney (NYSE:DIS) to build a theme part in Shanghai. The American entertainment company has been trying to get a go ahead to build the $4 billion project for several years. The Chinese government gave no reason for the timing of its announcement. Disney joins a long list of companies from Dell (NASDAQ:DELL) [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Nov 2009 | 3:20 am Global stocks, oil rise ahead of Fed policy verdict (Reuters)
Source: Yahoo! News: Business | 4 Nov 2009 | 3:12 am Global stocks, oil rise ahead of Fed policy verdictLONDON (Reuters) - World stocks rose from the previous day's four-week low on Wednesday while the dollar slipped ahead of a policy decision by the Federal Reserve, expected to affirm its commitment to ultra-low interest rates.Source: Reuters: Business News | 4 Nov 2009 | 3:12 am Asian markets rebound as gold miners sparkleAsian stock markets advance Wednesday, with many rebounding on the back of commodity shares amid soaring gold prices.
Source: MarketWatch.com - Top Stories | 4 Nov 2009 | 3:10 am Total, StatoilHydro report hit from oil price fallEuropean oil producers Total and StatoilHydro on Wednesday became the latest to show the impact of declining oil prices on third-quarter profit.
Source: MarketWatch.com - Top Stories | 4 Nov 2009 | 3:09 am Economic Report: U.K. services index rises to 26-month highActivity in Britain’s services sector grew at the fastest pace in more than two years in October, according to a monthly survey of purchasing managers released Wednesday, raising hopes the economy will soon make a long-delayed return to growth.
Source: MarketWatch.com - Top Stories | 4 Nov 2009 | 3:09 am SocGen, Bank of Ireland beat forecastsShares in Societe Generale and Bank of Ireland post solid gains.
Source: MarketWatch.com - Top Stories | 4 Nov 2009 | 3:06 am London Markets: Retail-sector updates welcomed in higher FTSE 100British shares climb on Wednesday with financials advancing and after two major retailers outline better-than-expected performances.
Source: MarketWatch.com - Top Stories | 4 Nov 2009 | 3:06 am Thai PTTEP sees Montara start-up sometime in 2010BANGKOK, Nov 4 (Reuters) - Thailand's PTT Exploration and Production (PTTEP) said on Wednesday the start-up of the Montara field in Australia might be delayed from the first quarter of 2010 to an unspecified...Source: RSS feed - channel BNewsBusiness | 4 Nov 2009 | 3:05 am Opel unions push for stoppages to protest GM 'no sale' decisionOpel's works council has called for work stoppages across Europe to protest GM's decision not to sell Opel to the MagnaSberbank consortium.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 4 Nov 2009 | 3:04 am China 'boosts East Asian growth'The World Bank raises its forecasts for East Asian growth, largely as a result of an economic rebound in China.Source: BBC News | Business | World Edition | 4 Nov 2009 | 3:04 am Oil rises above $80 on crude stocks, dollarLONDON (Reuters) - Oil rose above $80 a barrel on Wednesday, extending the previous session's near 2 percent gain, following a U.S. industry report showing an unexpected fall in crude stocks and supported by a weaker dollar.Source: Reuters: Business News | 4 Nov 2009 | 3:03 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 | 4 Nov 2009 | 3:01 am Nigeria's Oando sees 15,000 bpd of oil by Q2, 2010CAPE TOWN, Nov 4 (Reuters) - Nigerian energy firm Oando Plc plans to produce up to 15,000 barrels per day (bpd) of oil in the second quarter of next year, the chief executive officer said on Wednesday...Source: RSS feed - channel BNewsBusiness | 4 Nov 2009 | 2:59 am The Return Of Wheeling And Dealing (BRK.A)(BNI)(KFT)Kraft (NYSE:KFT) hinted very strongly that it would open a battle with Cadbury for ownership of the British company. GM said it would keep its Opel and Vauxhall European operations about an hour later. The news of those transactions ended a day in which Berkshire Hathaway (NYSE:BRK.A) announced its largest investment ever. Mr. Buffett’s company [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Nov 2009 | 2:58 am Toyota pulls out of Formula One (Reuters)
Source: Yahoo! News: Business | 4 Nov 2009 | 2:57 am Toyota pulls out of Formula OneTOKYO (Reuters) - Toyota Motor withdrew from Formula One on Wednesday, leaving Japan without a team in motorsport's premier series.Source: Reuters: Business News | 4 Nov 2009 | 2:57 am 'Good progress' at Northern RockNationalised bank Northern Rock says it is making "good progress" in restructuring its finances amid accelerating mortgage lending.Source: BBC News | Business | World Edition | 4 Nov 2009 | 2:56 am Bank of Ireland reports huge lossBank of Ireland has announced losses of almost 1bn euros for the six months the end of September.Source: BBC News | Business | World Edition | 4 Nov 2009 | 2:55 am Digital China to spend $66 mln on Japan IT firmTOKYO, Nov 4 (Reuters) - Digital China Holdings and its affiliates will invest as much as 6 billion yen ($66.4 million) in Japanese system developer SJI Inc , underlining the growing appetite for overseas...Source: RSS feed - channel BNewsBusiness | 4 Nov 2009 | 2:54 am UPDATE 1-Akers Biosciences sees FY substantially below mkt view* Says hurt by lack of government contract for BreathScanSource: RSS feed - channel BNewsBusiness | 4 Nov 2009 | 2:53 am UPDATE 1-Japan's Cosmo Oil to idle CDU till Jan or later* 85,000 bpd No.6 CDU at Yokkaichi refinery to be kept shutSource: RSS feed - channel BNewsBusiness | 4 Nov 2009 | 2:53 am Fed seen staying on easy-money pathWASHINGTON (Reuters) - The Federal Reserve on Wednesday is expected to reaffirm its intention to keep U.S. interest rates at ultra-low levels for a long time to support the economy, even as signs of recovery accumulate.Source: Reuters: Business News | 4 Nov 2009 | 2:44 am The Layoff Culture Lives OnEconomists still expect layoffs in the US and Europe to slow as the recovery gains momentum. Pessimists among experts on GDP growth and job losses believe that the major risk of a double-dip recession is that unemployment will keep rising well beyond the middle of next year. Analysts who track corporate earnings were concerned that improvements [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Nov 2009 | 2:42 am Sino-Forest to host Third Quarter 2009 Earnings Call on November 12, 2009TORONTO, Nov. 4 /PRNewswire-FirstCall/ - Sino-Forest Corporation (TSX: TRE) will host its third quarter 2009 earnings conference call and live webcast on Thursday, November 12 atSource: RSS feed - channel BNewsBusiness | 4 Nov 2009 | 2:41 am German Government blasts 'unacceptable' GM U-turnGermany's Economic Minister today branded a decision by America's General Motors (GM) to scrap the sale of its European business as "totally unacceptable." Source: Latest Business News from Times Online | 4 Nov 2009 | 2:37 am UPDATE 2-Socar eyes Italy plant stake; to up Asia term salesSINGAPORE, Nov 4 (Reuters) - Azerbaijan's state oil firm Socar plans to take a "substantial" stake in an Italian oil refinery next year and aims to raise the proportion of term exports of Azeri Light crude...Source: RSS feed - channel BNewsBusiness | 4 Nov 2009 | 2:37 am Ambani dispute back to square one as judge quitsMUMBAI, Nov 4 (Reuters) - A high-profile legal dispute between India's billionaire Ambani brothers was disrupted on Wednesday when a judge withdrew from a Supreme Court hearing, citing potential conflict...Source: RSS feed - channel BNewsBusiness | 4 Nov 2009 | 2:36 am Gold hits new record high of $1,090 an ounceThe price of gold leapt to a record peak of 1,093.10 dollars an ounce in trading here on Wednesday after the International Monetary Fund announced a massive sale of the metal to India. ...Source: RSS feed - channel BNewsBusiness | 4 Nov 2009 | 2:31 am UPDATE 1-Baker Hughes Q3 profit fallsNov 4 (Reuters) - U.S. oilfield services company Baker Hughes Inc posted an 87 percent slide in third-quarter profit on Wednesday as the oil and gas drilling industry recovers slowly from the past year's...Source: RSS feed - channel BNewsBusiness | 4 Nov 2009 | 2:29 am Toyota quits F1, citing 'severe' conditionsFormula One suffered a further blow Wednesday when Toyota Motor Corp., struggling amid the global auto slump, ended its participation in the global circuit, saying it won’t participate next season.
Source: MarketWatch.com - Top Stories | 4 Nov 2009 | 2:23 am Adidas profit falls 30% on discounts, rising costsGerman sportswear producer Adidas AG reported Wednesday a 30% drop in net profit after discounting merchandise and encountering higher costs, but the result was in line with market expectations and the company said it was “cautiously optimistic” about next year.
Source: MarketWatch.com - Top Stories | 4 Nov 2009 | 2:20 am 6 hot electric car start-upsEach of these carmakers is gearing up to be the next big thing in electric automobiles. Here is how they're charting success.Source: Business and financial news - CNNMoney.com | 4 Nov 2009 | 2:10 am M&S to sell 400 brands at storesMarks and Spencer says it will start selling branded goods, such as Kellogg's and Coca-Cola, at its stores following successful trials.Source: BBC News | Business | World Edition | 4 Nov 2009 | 2:08 am 3 ways to save on health insurance1. Choose the right planSource: Business and financial news - CNNMoney.com | 4 Nov 2009 | 2:07 am Lord Mandelson seeks urgent talks with GM on VauxhallThe Business Secretary wants urgent talks with GM after its dramatic decision to scrap plans to sell Vauxhall.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 4 Nov 2009 | 2:04 am Superdrug depot staff on strikeWorkers at one of Superdrug's three national distribution centres begin an indefinite strike over changes to pay and conditions.Source: BBC News | Business | World Edition | 4 Nov 2009 | 2:04 am GM's U-turn on Opel sale irks GermanyFRANKFURT/BERLIN (Reuters) - General Motors' decision to keep its European arm Opel after months of negotiations to sell it triggered anger and dismay in Germany, which had led the talks and was putting up much of the cash.Source: Reuters: Business News | 4 Nov 2009 | 2:03 am GM's U-turn on Opel sale irks Germany (Reuters)
Source: Yahoo! News: Business | 4 Nov 2009 | 2:03 am Public services 'cost more and deliver less'Taxpayers are getting less value for money from public services since Labour came to power according to a study by the Office for National Statistics.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 4 Nov 2009 | 2:03 am Debt management industry faces OFT reviewA review of the debt management industry has been launched to ensure that firms are treating customers fairly.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 4 Nov 2009 | 1:59 am Europe Markets: Societe Generale, Adidas help European shares riseEuropean shares rose on Wednesday, as a fresh onslaught of results from Societe Generale, Bank of Ireland, Adidas and Marks & Spencer were cheered by investors.
Source: MarketWatch.com - Top Stories | 4 Nov 2009 | 1:54 am Retailers and insurers bolster FTSELondon equities were higher on Wednesday, with insurance and retail stocks driving gains.The FTSE 100 rose 31 points to 5,068.88, a rebound of 0.6 per cent from the 67.3-point loss over the previous session...Source: RSS feed - channel BNPaperBusiness | 4 Nov 2009 | 1:46 am CIT's long goodbyeWhen CIT Group filed for bankruptcy Sunday, it wasn't much of a surprise. The once-dominant small business lender has been largely sidelined for more than a year.Source: Business and financial news - CNNMoney.com | 4 Nov 2009 | 1:42 am Asia stocks rise as China growth forecast upgraded (AP)
Source: Yahoo! News: Stock Markets News | 4 Nov 2009 | 1:42 am Bloomberg scrapes to narrow victoryMichael Bloomberg has won a third term as New York’s mayor after a narrower-than-expected victory over his Democratic rivalSource: Financial Times - US homepage | 4 Nov 2009 | 1:40 am Can Chrysler be saved?Fiat Group will soon unveil its plans to help get the struggling Chrysler Group back on track. But the question that won't be answered is whether these changes will come in time to save the company.Source: Business and financial news - CNNMoney.com | 4 Nov 2009 | 1:40 am GM scraps sale of European armSource: Business and financial news - CNNMoney.com | 4 Nov 2009 | 1:39 am Currencies: Dollar edges up vs. yen and slips vs. euroThe dollar edged up against the yen and slipped slightly against the euro in Asian trading Wednesday, as investors awaited the latest word on U.S. interest rates from the U.S. Federal Open Market Committee.
Source: MarketWatch.com - Top Stories | 4 Nov 2009 | 1:35 am Wall Street strugglesStocks struggled Tuesday, ending mixed, as investors mulled improved auto sales, surging commodity prices and Warren Buffett's buyout of railroad Burlington Northern Santa Fe.Source: Business and financial news - CNNMoney.com | 4 Nov 2009 | 1:31 am Asian stocks edge higher in muted tradeTOKYO, Nov 4 The dollar steadied below a one-month high against a basket of currencies on Wednesday, while Asian stocks edged higher in muted trade ahead of a policy announcement from the US Federal Reserve...Source: RSS feed - channel BNPaperBusiness | 4 Nov 2009 | 1:31 am Asia Markets And Europe Open (11/4/2009)Markets in Asia rose modestly The Nikkei was up .4% to 9,844. Sony (NYSE:SNE) fell. The Hang Seng rose 1.8% to 21,815. The Shanghai Composite was up .4% to 3,127. At the open in Europe, the FTSE wsa up .6% to 5,058. The Dax rose 1% to 5,405. The CAC advanced .9% to 3,615. Data from Reuters and MarketWatch. Douglas A. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Nov 2009 | 1:30 am Next raises forecast as shoppers shake off recession bluesNext the British fashion retailer raised its profits forecast for the year after reporting betterthanexpected thirdquarter sales as shoppers started to shake off the recession blues.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 4 Nov 2009 | 1:27 am General Motors Uturn 'best deal for Britain'Decision to keep European Opel and Vauxhall subsidiaries hailed as "fantastic" by union leaders.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 4 Nov 2009 | 1:16 am M&S expands Marmite strategy as profits stagnateRetailer will start selling other brands in all its stores as firsthalf profits stagnate.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 4 Nov 2009 | 1:07 am Halfpipe champion Shaun White takes gamers to the virtual slopesShaun White Snowboarding: World Stage, a sequel to the Olympic gold medalist's first video game, arrives on shelves Sunday. In a Q & A, White talks about how he got into the sport. ...Source: RSS feed - channel BNPaperBusiness | 4 Nov 2009 | 1:00 am Johnson & Johnson plans to cut up to 8,000 jobs in reorganizationThe health products maker, which is bracing for changes in the healthcare industry, will take a restructuring charge of about $1.3 billion in the fourth quarter. ...Source: RSS feed - channel BNPaperBusiness | 4 Nov 2009 | 1:00 am Viacom posts 15% jump in profit in third quarterThe media company earns $463 million, compared with $401 million a year earlier, helped by stronger results from Paramount Pictures. Revenue slips 3% to $3.3 billion. ...Source: RSS feed - channel BNPaperBusiness | 4 Nov 2009 | 1:00 am Brazil raises cane over U.S. ethanol tariffBrazilian sugar producers say sugar-based fuel is more environmentally sound than electricity or corn ethanol as an alternative for powering cars. But the odds are long for a change. ...Source: RSS feed - channel BNPaperBusiness | 4 Nov 2009 | 1:00 am Real estate company's pitch leads to unexpected billEven though Maria Casanova ended her RealtyTrac subscription not long after enrolling, an ad that appeared on the foreclosure listing site led to her being billed $44.95 a month for another service. ...Source: RSS feed - channel BNPaperBusiness | 4 Nov 2009 | 1:00 am GM decides to keep Opel unitThe automaker says it will restructure the European firm instead of selling 55% of it to auto parts maker Magna International and Russian lender Sberbank. ...Source: RSS feed - channel BNPaperBusiness | 4 Nov 2009 | 1:00 am Tribune to end employee stock ownership planThe media conglomerate, which owns the Los Angeles Times, says the plan is likely to be terminated when the company emerges from bankruptcy protection. ...Source: RSS feed - channel BNPaperBusiness | 4 Nov 2009 | 1:00 am China OKs Disney theme park plansBeijing's approval clears the way for the Burbank media giant and Shanghai to work out the details.China, finally, is ready to build a house for Mickey Mouse.
Source: L.A. Times - Business | 4 Nov 2009 | 1:00 am U.S. car sales are out of rutAfter two years of losses, they are unchanged in October from a year earlier. Sales rebounded from a sharp drop in September after being bumped up 1% by 'cash for clunkers' in August. ...Source: RSS feed - channel BNPaperBusiness | 4 Nov 2009 | 1:00 am Brazil raises cane over U.S. ethanol tariffBrazilian sugar producers say sugar-based fuel is more environmentally sound than electricity or corn ethanol as an alternative for powering cars. But the odds are long for a change.Who could resent the attention being showered on electric cars? Stylish and clean, they're the darling of the renewable-energy crowd, which is hailing the scheduled rollout of several e-powered models next year as a major blow against global warming.
Source: L.A. Times - Business | 4 Nov 2009 | 1:00 am Warren Buffett's Berkshire Hathaway buying Burlington NorthernThe company will pay $34 billion for the railroad giant in what the billionaire investor calls 'an all-in wager on the economic future of the United States.'Billionaire investor Warren Buffett's $34-billion acquisition of railroad giant Burlington Northern Santa Fe Corp. is the biggest bet yet on a U.S. economic recovery, one that could resonate from the international sea lanes to the railroads crisscrossing the country.
Source: L.A. Times - Business | 4 Nov 2009 | 1:00 am Garmin's ecoRoute saves on gas, but maybe not timeThe GPS function finds the most fuel-efficient way to drive from point A to point B.We're used to GPS car units telling us where to go.
Source: L.A. Times - Business | 4 Nov 2009 | 1:00 am U.S. car sales are out of rutAfter two years of losses, they are unchanged in October from a year earlier. Sales rebounded from a sharp drop in September after being bumped up 1% by 'cash for clunkers' in August.After two years of sputtering, U.S. auto sales are finally gaining some traction.
Source: L.A. Times - Business | 4 Nov 2009 | 1:00 am Viacom posts 15% jump in profit in third quarterThe media company earns $463 million, compared with $401 million a year earlier, helped by stronger results from Paramount Pictures. Revenue slips 3% to $3.3 billion.Cost cutting, coupled with stronger results from Paramount Pictures, paid off in the third quarter as Viacom Inc. posted a 15% jump in profit despite lower advertising and home video sales.
Source: L.A. Times - Business | 4 Nov 2009 | 1:00 am Halfpipe champion Shaun White takes gamers to the virtual slopesShaun White Snowboarding: World Stage, a sequel to the Olympic gold medalist's first video game, arrives on shelves Sunday. In a Q & A, White talks about how he got into the sport.Shaun White used to battle with his older brother Jesse for control over the family's PlayStation game console while the two grew up near San Diego. Now, at 23, the Olympic gold medalist in men's halfpipe stars in his second video game, Shaun White Snowboarding: World Stage, set to hit shelves Sunday.
Source: L.A. Times - Business | 4 Nov 2009 | 1:00 am Real estate company's pitch leads to unexpected billEven though Maria Casanova ended her RealtyTrac subscription not long after enrolling, an ad that appeared on the foreclosure listing site led to her being billed $44.95 a month for another service.Maria Casanova, an assistant professor of economics at UCLA, toyed with the idea earlier this year of buying a foreclosed property near the Westwood campus. She signed up for a prominent listing service called RealtyTrac.
Source: L.A. Times - Business | 4 Nov 2009 | 1:00 am M&S sells big brands as profits beat forecastsMarks & Spencer (M&S) confirmed today it is selling big brands for the first time in a bid to close the sales gap with Waitrose, its upmarket rival, as profits beat analysts' forecasts for the first six months of the year. Source: Latest Business News from Times Online | 4 Nov 2009 | 12:54 am London 2012 unveils £700m dealsThe organisers of the 2012 Olympics in London are putting £700m of contracts for the event out to tender.Source: BBC News | Business | World Edition | 4 Nov 2009 | 12:50 am Firstgroup profits hit by higher fuel costsFirstgroup the British transport operator reported a 44pc fall in firsthalf profit due to the economic downturn and higher fuel costs but said the British rail market had stabilised in recent months.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 4 Nov 2009 | 12:47 am Delphi to form new board on Wednesday: report(Reuters) - Delphi, the auto-parts maker that emerged from a four-year bankruptcy in October, is forming a new board of directors and will name retired Dupont Chief Executive John Krol as its chairman, the Wall Street Journal said.Source: Reuters: Business News | 4 Nov 2009 | 12:15 am World Bank upgrades China growth forecastThe World Bank boosts its 2009 growth forecast to 8.4pc but warns stronger domestic demand is needed for sustainable recovery.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 4 Nov 2009 | 12:11 am Aussie market closes slightly higherSYDNEY- The Australian share market closed slightly higher on Wednesday after a positive reaction to Westpac's earnings result, a strong performance by gold stocks and some encouraging economic data.At 1615 AEDT the benchmark...Source: nzherald.co.nz - Business | 4 Nov 2009 | 12:08 am Honor Blackman former Bond girl and Equitable policyholder demands compensationFormer Bond girl is taking part in a demonstration today to demand compensation from the Government.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 3 Nov 2009 | 11:59 pm Lessons learnedThe BBC Box returns from a year of globe trottingSource: BBC News | Business | World Edition | 3 Nov 2009 | 11:56 pm NZ market directionless, little changedThe New Zealand sharemarket was directionless today and closed little changed.The NZX 50 ended up 7.714 points, or 0.244 per cent, at 3166.708 having opened slightly lower at 3149.99, a four-week low.Turnover was worth $89.44...Source: nzherald.co.nz - Business | 3 Nov 2009 | 11:24 pm Republicans capture two state governorshipsDemocratic incumbent in New Jersey unseated despite energetic efforts by President Barack Obama to secure him a second termSource: Financial Times - US homepage | 3 Nov 2009 | 11:18 pm Fed seen staying on easy-money path (Reuters)
Source: Yahoo! News: Business | 3 Nov 2009 | 11:14 pm Britain is forcing breakups of bailed-out major banksRoyal Bank of Scotland, Northern Rock and Lloyds will sell parts of their firms amid a call in Europe for smaller and more institutions to boost competition and avoid the too-big-to-fail scenario.The British government announced Tuesday that it would break up parts of major financial institutions bailed out by taxpayers, highlighting a growing divide across the Atlantic over how to deal with the massive banks that were partially nationalized during the height of the financial crisis.
Source: L.A. Times - Business | 3 Nov 2009 | 10:52 pm NZ dollar trading just below US72cThe New Zealand dollar dribbled lower today after another volatile session on Tuesday night.Investors are focusing on the United States Federal Open Market Committee's policy statement at 8.15am tomorrow NZ time.Economists...Source: nzherald.co.nz - Business | 3 Nov 2009 | 10:48 pm Toyota pulls out of Formula OneToyota has pulled out of Formula One motor racing, in a surprise move that deals yet another crushing blow to the scandal-hit sport and leaves it entirely without participation by Japanese automakers, tyremakers or major corporate sponsors. Source: Latest Business News from Times Online | 3 Nov 2009 | 10:41 pm October sales improve but remain tepid (AP)AP - U.S. retail sales figures from a key data service show signs of a rebound in October from last year's plunge.Source: Yahoo! News: Business | 3 Nov 2009 | 10:01 pm Disneyland approved for ShanghaiThe Chinese government approves plans for the Walt Disney company to build a Disneyland in Shanghai.Source: BBC News | Business | World Edition | 3 Nov 2009 | 9:47 pm Kiwi banker in London sues for $3.4mA high-flying New Zealand banking executive says she was hounded out of her 250,000 pounds ($578,000) a year job in London by sexist Japanese bosses.Anna Francis, 37, a director who worked in Asian equities sales at Lehman Brothers...Source: nzherald.co.nz - Business | 3 Nov 2009 | 9:00 pm Groser paints picture of our trade futureTrade Minister Tim Groser says it's crucial that New Zealand agriculture doesn't throw away an enormous opportunity in years to come.Agriculture needs to focus on meeting the growing demands of global political and economic markets,...Source: nzherald.co.nz - Business | 3 Nov 2009 | 8:30 pm IEA to cut long-term oil demand outlook next week: reportSINGAPORE (Reuters) - The International Energy Agency will "substantially" downgrade its long-term oil demand forecast in its annual energy outlook next week, the second cut in a row, the Wall Street Journal reported on Wednesday.Source: Reuters: Business News | 3 Nov 2009 | 8:15 pm ACC, Super Fund recoveries help NZ govt financesRecoveries in the investment performance of the ACC and New Zealand Superannuation Fund portfolios helped offset a dramatic fall in corporate and personal tax in the three months to September 30, according to Treasury financial statements...Source: nzherald.co.nz - Business | 3 Nov 2009 | 8:07 pm Buffett joins Goldman bid for Fannie Mae tax creditsNEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc has joined Goldman Sachs Group Inc in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.Source: Reuters: Business News | 3 Nov 2009 | 7:44 pm Buffett joins Goldman bid for Fannie Mae tax credits (Reuters)Reuters - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) has joined Goldman Sachs Group Inc in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.Source: Yahoo! News: Business | 3 Nov 2009 | 7:44 pm Kraft dented by sluggish demandShares in the largest US food company fall more than 3% as its third-quarter results fail to deliver a boost that could increase the attractiveness of its offer for CadburySource: Financial Times - US homepage | 3 Nov 2009 | 6:57 pm US considers merging bank regulatorsThe Obama administration could support a bolder consolidation of bank regulators, an official said, as the US Senate prepared legislation to streamline financial supervisionSource: Financial Times - US homepage | 3 Nov 2009 | 6:53 pm Green light for Disney’s Shanghai parkWith estimated cost of $3.5bn, the park would be one of the biggest investments in China by an international companySource: Financial Times - US homepage | 3 Nov 2009 | 6:34 pm Buffett bets $27bn on USWarren Buffett struck the biggest deal of his life with the $26bn purchase of Burlington Northern Santa Fe in what the billionaire investor called an “all-in wager” on America’s economic futureSource: Financial Times - US homepage | 3 Nov 2009 | 6:01 pm Westpac halves its NZ earningsWestpac today reported net profit for its New Zealand division has been cut in half during the current recession.Earnings fell to $236 million in the year to September.The earnings were affected by a tripling of impairment...Source: nzherald.co.nz - Business | 3 Nov 2009 | 6:00 pm Kraft says won't overpay for Cadbury as revenue missesCHICAGO (Reuters) - Kraft Foods Inc said it would not overpay for British chocolatier Cadbury Plc on Tuesday after disappointing investors by posting weaker-than-expected quarterly revenue and cutting its full-year sales forecast.Source: Reuters: Business News | 3 Nov 2009 | 5:55 pm Kraft vows to be disciplined in its pursuit of CadburyKraft, the giant American food company, said last night that it would “remain disciplined” in pursuing a bid for Cadbury, the British chocolate maker, even as it lowered its outlook for sales for the coming year. Source: Latest Business News from Times Online | 3 Nov 2009 | 5:37 pm Kraft vows to be disciplined in pursuit of CadburyKraft, the giant American food company, said last night that it would “remain disciplined” in pursuing a bid for Cadbury, the British chocolate maker, even as it lowered its outlook for sales for the coming year. Source: Latest Business News from Times Online | 3 Nov 2009 | 5:37 pm Buffett buying Burlington rail in his biggest deal (Reuters)
Source: Yahoo! News: Business | 3 Nov 2009 | 5:16 pm Buffett buying Burlington rail in his biggest dealNEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out Burlington Northern Santa Fe Corp in a bet the nation's largest rail company will benefit from a recovering U.S. economy.Source: Reuters: Business News | 3 Nov 2009 | 5:16 pm Top GunnerWill Arsenal director Stan Kroenke launch a takeover?Source: BBC News | Business | World Edition | 3 Nov 2009 | 5:07 pm The 100: Bill Gates, the sound of sincerityIn the second in a series of extracts from The 100: Insights and lessons from 100 of the greatest speeches ever delivered, by Simon Mair and Jeremy Kourdi, the duo consider what we can learn from Bill Gates William Henry (Bill) Gates III is most famous for his founding, along with Paul Allen, of Microsoft and for being one of the world’s richest men. Recently, Mr Gates and his wife Melinda have engaged in a number of philanthropic activities. Source: Latest Business News from Times Online | 3 Nov 2009 | 5:01 pm Key lessons that make all the differenceWhen Patricia Salume was growing up in the island city of Vitória in southeastern Brazil, she knew that to be successful in life, she needed two things: the ability to speak fluent English; and an MBA. Source: Latest Business News from Times Online | 3 Nov 2009 | 5:01 pm Top 100 graduate employers: No 74 - the Financial Services AuthorityWhat is it? Source: Latest Business News from Times Online | 3 Nov 2009 | 5:01 pm Seegers is discarded as Barclays shuffles the packBarclays has ousted Frits Seegers, the £700,000-a-year chief executive of its global retail and commercial bank, as part of a dramatic overhaul of the bank’s management and business structure. Source: Latest Business News from Times Online | 3 Nov 2009 | 5:01 pm Oracle braced for EU objection on Sun dealOracle is braced for a formal objection from Brussels to its planned $7.4bn acquisition of fellow US technology company Sun Microsystems, escalating the company’s high-stakes legal wrangle with Europe’s competition authoritiesSource: Financial Times - US homepage | 3 Nov 2009 | 4:46 pm Auckland house prices up 6pc, sales keep climbingAuckland property prices surged nearly 6 per cent in October, says real estate company Barfoot & Thompson. The Average sales price across the region in October was $544,745, a 22-month high. Company managing director Peter...Source: nzherald.co.nz - Business | 3 Nov 2009 | 4:30 pm China Led World Again In October; GDP Lives Large (Investor's Business Daily)Investor's Business Daily - Mutual funds kicked off the final quarter of the year with a bout of volatility, with stock funds notching their first down month since February.Source: Yahoo! News: Stock Markets News | 3 Nov 2009 | 4:28 pm Rising commodities, dealmaking lift stocks (AP)
Source: Yahoo! News: Stock Markets News | 3 Nov 2009 | 3:58 pm Sharemarket falls earlyThe New Zealand sharemarket fell in early trading, as shares in NZ Refining Co slipped further.Yesterday it was announced that the NZ Superannuation Fund and Infratil are negotiating with Shell over possibly buying Shell New Zealand's...Source: nzherald.co.nz - Business | 3 Nov 2009 | 3:50 pm Burlington Northern, Ford, UBS are big movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:Source: Yahoo! News: Stock Markets News | 3 Nov 2009 | 3:47 pm Write-Offs: 11.03.09$$$ Sallie Krawcheck: The Woman Who Made It On Wall Street [The Big Money] $$$ Roubini Plans to Hire 17 to Expand RGE's Market-Strategy Team [Bloomberg] $$$ Madoff Auditor Pleads Guilty [GC] $$$ Gasparino v. Sorkin [BI] 
 Source: Dealbreaker | 3 Nov 2009 | 3:43 pm Allegations against U of Phoenix persistFor-profit schools such as the University of Phoenix get most of their revenue from federal student aid. They also face accusations of building enrollments through high-pressure tactics that leave students in deep debt. Amy Scott reports.Source: Marketplace | 3 Nov 2009 | 3:30 pm GM Screws The Germans, Will Keep OpelThe German government went to a great deal of trouble to finance a bid for Canadian parts firm Magna (NYSE:MGA) and a Russian financial group to buy GM’s Opel and Vauxhall operations. GM has turned around and decided to keep the European companies, perhaps relying on US bailout money and an improving US car market to fund [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 3 Nov 2009 | 3:27 pm S&P 500, Nasdaq end higher on deal news (Reuters)
Source: Yahoo! News: Stock Markets News | 3 Nov 2009 | 3:15 pm Barney Frank Wishes Wall Street A Very Merry Christmas
The head of the House Financial Services Committee said he plans to push through a whole sack full of new regulations changing the way Wall Street does business, or at the very least trying to change the way Wall Street does business, by next month. Committee debate on the proposals begins tomorrow. While Congress and the administration have done basically nothing this year to respond to the alleged systemic problems underlying the financial crisis, Frank aims to fix everything in a holiday flurry of activity. Among the measures the man from Massachusetts expects to pass are:
Source: Dealbreaker | 3 Nov 2009 | 2:53 pm TSX rides railways, gold price to higher close (Reuters)Reuters - Toronto's main stock index shot higher on Tuesday as gold prices hit a record high above $1,080 an ounce, boosting Barrick Gold Corp and other gold miners.Source: Yahoo! News: Stock Markets News | 3 Nov 2009 | 2:47 pm How the major stock indexes fared on Tuesday (AP)AP - Investors sidestepped some of their doubts about the economy and bought energy and industrial stocks as commodity prices rose. Stocks ended back-and-forth trading mostly higher Tuesday as a spike in the price of gold and corporate dealmaking extended an advance from Monday.Source: Yahoo! News: Stock Markets News | 3 Nov 2009 | 2:47 pm More E.U. Roadblocks in Sun-Oracle Deal (ORCL, JAVA)There are reports from the Financial Times that were also just noted on CNBC that are almost baffling. It seems that the European Commission may issue a formal objection to the Oracle Corp. (NASDAQ: ORCL) buyout of Sun Microsystems Inc. (NASDAQ: JAVA). The reasoning is that Oracle has apparently refused to offer any concessions to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 3 Nov 2009 | 2:44 pm Need a job? Head to AntarcticaHow do you haul gear to the bottom of the world? Hop a ride on a 1,000-mile road deep into the heart of Antarctica.Source: Business and financial news - CNNMoney.com | 3 Nov 2009 | 2:39 pm Kraft’s (KFT) Latest Chess Move: Up Guidance Ahead Of Cadbury BidKraft (NYSE:KFT) improved is chances of making a viable bid for Cadbury before the UK government deadline of November 9. The US company beat expectations and raised guidance. Its shares dropped 2% to $27.10, probably because the company’s shareholders feel that they are better off without the integration risks that a Cadbury deal represents. Revenue declined [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 3 Nov 2009 | 2:38 pm Watch a Bunch of Financial Services Hacks Rearrange Each Other's Faces Tonight
Name: Khuong B. Chau
Source: Dealbreaker | 3 Nov 2009 | 2:37 pm Dairy surge pushes kiwi dollar above US72cThe New Zealand dollar pushed above 72 US cents after dairy prices continued to surge in Fonterra's online auction , stoking the prospects for our biSource: nzherald.co.nz - Business | 3 Nov 2009 | 2:30 pm True Religion: Raised Guidance A Warning (TRLG)The great growth mystery of True Religion Apparel Inc. (NASDAQ: TRLG) might be coming in too light. After the close of trading, the high-end, or at least high-priced, jean and apparel maker posted earnings of $0.58 EPS on $82.4 million in revenues. While that is still growth in revenues, this is under the Thomson Reuters [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 3 Nov 2009 | 2:23 pm Cut your vices, save the country $1 trillionAs the nation tries to deal with its annual $2.2 trillion health care pricetag, there's a way you can help save as much as $1 trillion: Take better care of yourself.Source: Business and financial news - CNNMoney.com | 3 Nov 2009 | 2:17 pm The Buzz: Is Warren Buffett calling a bottom?Warren Buffett said he's making an "all-in wager on the economic future of the United States" with the purchase of railroad Burlington Northern Santa Fe. Let's hope it's a bet that Buffett wins.Source: Business and financial news - CNNMoney.com | 3 Nov 2009 | 2:04 pm 52-Week High ClubBurlington Northern Santa Fe Corp (NYSE: BNI) surged close to 30% to a yearly high of $97.59 following news that Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) will be buying the freight rail operator for $100 per share, which places the value of the company at $44 billion. The Black & Decker Corporation (NYSE: BDK) rallied close [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 3 Nov 2009 | 2:03 pm Risk aversion makes a comebackMarkets are growing increasingly nervous ahead of key policy meetings, writes Michael MackenzieSource: Financial Times - US homepage | 3 Nov 2009 | 2:02 pm Buffett: 'All-in' bet on the U.S.Warren Buffett's Berkshire Hathaway said Tuesday it will buy railroad operator Burlington Northern Santa Fe for $44 billion.Source: Business and financial news - CNNMoney.com | 3 Nov 2009 | 1:56 pm Behind the scenes of the financial crisisThere are still many questions about the government's response to the collapse of the financial system. Kai Ryssdal talks to The New York Times' Andrew Ross Sorkin, who examines those questions in his new book, "Too Big to Fail."Source: Marketplace | 3 Nov 2009 | 1:49 pm Your views: KFC, dolls, climate changeApparently a lot of our listeners don't think it's worth it to stand in line for free chicken at KFC, or pay $95 for a homeless doll. And they have some strong views about our climate change series. Kai Ryssdal reviews listeners' comments and letters.Source: Marketplace | 3 Nov 2009 | 1:41 pm Ex-NYSE president Putnam found guilty of fraud (Reuters)Reuters - A jury said on Tuesday that former New York Stock Exchange president Gerald Putnam cheated his former partner out of millions of dollars in a business venture that was central to the migration of exchange trading from pits to computer screens.Source: Yahoo! News: Stock Markets News | 3 Nov 2009 | 1:34 pm Ex-NYSE president Putnam found guilty of fraud (Reuters)Reuters - A jury said on Tuesday that former New York Stock Exchange president Gerald Putnam cheated his former partner out of millions of dollars in a business venture that was central to the migration of exchange trading from pits to computer screens.Source: Yahoo! News: Business | 3 Nov 2009 | 1:34 pm John Paulson Once Had Self-Doubts
At times, [pre-king of the world] Paulson didn't seem completely put together. When Brad Balter, a young broker, came to visit, Paulson chain-smoked cigarettes and had spots of blood on his shirt collar from a shaving mishap. Paulson's head of marketing was stretched out in agony on a nearby couch, moaning about his back. Also featured: the guy with the glass eye (Michael Burry), the guy who was known for his "unusually thick sideburns" (Greg Lippman), and everyone's favorite burnout (Andrew Ladhe). Bad News Bears: The Guys Who Bet Against The Subprime Bubble And Won [Daily Intel]
Source: Dealbreaker | 3 Nov 2009 | 1:33 pm Presented By:Source: Dealbreaker | 3 Nov 2009 | 1:33 pm General Motors Continues Detroit's Hot StreakBy Daniel Costello Maybe taxpayers will make some of that bailout money back after all. General Motors posted its first sales increase in nearly two years this afternoon, announcing sales increased 4.1 percent in October compared with the same month last year. This is the first time the troubled company has seen a year-over-year sales increase since January 2008. The news isn't a total surprise. In a sneak peak last week, executives said that October would be the company's third consecutive month of market share gains, proof that consumers were returning to its showrooms The showing is a big turnaround from last month's 45 percent drop to 156,673 vehicles from 284,300 a year ago. Of course, the troubled automaker still has far to go: its sales incentives remain among the highest in the industry and its car quality still leaves room for improvement. Yesterday, Ford announced similarly positive steps while laggard Chrysler Group LLC continued to struggle, with October sales falling 30 percent. Could it be time to call the bottom of the domestic car industry? » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 3 Nov 2009 | 1:31 pm Home-buying credit needs tweakingHome sales have continued to rise, thanks mostly to the $8,000 tax credit for first-time buyers, which is set to expire on Nov. 30. Commentator David Abromowitz says an extension of the home-buying credit needs tweaks before it can be effective.Source: Marketplace | 3 Nov 2009 | 1:20 pm Tribune experiments with dropping APThe Tribune Company is stepping away from using Associated Press content in its newspapers, including the Chicago Tribune and Los Angeles Times. As Stacey Vanek-Smith reports, it's part of journalism's changing economic model.Source: Marketplace | 3 Nov 2009 | 1:17 pm GOP: We care more about health costsThe details of a Republican health care overhaul are trickling out, and the GOP is trying to convince voters that Republican lawmakers are focused more on cutting health care costs than Democrats. Nancy Marshall Genzer reports.Source: Marketplace | 3 Nov 2009 | 1:07 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 Tuesday:Source: Yahoo! News: Stock Markets News | 3 Nov 2009 | 1:01 pm Buffett continues to play with trainsWarren Buffett is calling his acquisition of the Burlington Northern Santa Fe railroad company a $34 billion wager on the economic future of the U.S. It's his biggest investment ever. But what's he really betting on? Alisa Roth reports.Source: Marketplace | 3 Nov 2009 | 12:43 pm How Much Do You Trust Your Neighbor?By Daniel Costello Ever lost your wallet and wonder what's the chance you'll get it back? The answer may depend on where you live. According to a recent nationwide poll from Gallup, how much we trust our neighbors varies greatly across states. Utah and South Dakota residents are the most likely to express trust in those who live nearby -- with 85% in these states saying they would expect a neighbor who found a lost wallet or purse containing $200 to return it. Residents of Nevada and Mississippi are the least likely to express such trust, at 60% and 61%, respectively. In all states, a majority of residents would expect a lost purse or wallet to be returned. The bottom line: 70% of Americans express trust in their neighbors but trust varies greatly across regions. A number of Western and Midwestern states, along with states with smaller populations, top the list of high-trust places, whereas Southern and highly populated states are more prevalent on the low-trust list. Also interesting is that trust and well being may be linked. Scores by state reveal evidence of a link between social trust and well-being. States in which high percentages of respondents said "yes" to the wallet question also tend to have higher levels of overall well-being. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 3 Nov 2009 | 12:11 pm The Dowager City: Next BofA Chief May Quit Charlotte
Bank of America has decided not to force its next CEO to live and work in North Carolina, according to Bloomberg News, in a bid to attract better candidates. The board, led by Chairman Walter Massey, is also concerned there may not be a deep enough pool of qualified candidates willing to move to Charlotte, 330 miles south of Washington, the people said, speaking anonymously because the search is private. CEO Kenneth Lewis, who is stepping down at year's end, has said Charlotte will remain headquarters as long as he's in charge.
Source: Dealbreaker | 3 Nov 2009 | 11:59 am Madoff's longtime auditor pleads guilty to fraudNEW YORK -- Bernard Madoff's longtime auditor pleaded guilty to securities fraud charges today, saying he failed to do his job to verify the disgraced money manager's financial records but did not know Madoff was running history's biggest Ponzi scheme.
Source: L.A. Times - Business | 3 Nov 2009 | 11:25 am ARS: LIRR, NJ Transit Riders Must Not Be Deprived Of Their Rights
Spotted Andrew Ross Sorkin at a bookstore in Penn Station berating a young clerk for not carrying more copies of his book, "Too Big To Fail." Sorkin has yet get back to us with a comment on the account, and while it doesn't really seem very in character for the DealBook editor to be making such a spectacle (in public), you can't deny that he's right to fight for the guy who just wants to get a gripping account of the shit that went down last year over a few rounds at the Houlihan's bar, or in the station's lush new accomodations. One thing you can be sure of is this:
Source: Dealbreaker | 3 Nov 2009 | 11:19 am 15 Podcasts That Will Make You RicherTo grow money, you have to know money. And to know money, you need to study it: Its movements, who’s making it (and why), who takes it away, how to keep it, and how to grow your personal stash. Unless you’re a child prodigy like Warren Buffett, or you have a trust fund, this stuff doesn’t come on its own. It takes years of learning and experience. And what better way to learn than to throw on a podcast in the car, at the gym, or in another convenient setting? We compiled this list of audio resources to make you richer. Even a weekly listen will boost your moneymaking IQ. See which of these valuable podcasts suits you best: 1. The Dave Ramsey Show
Author, financial expert, and TV personality David Ramsey gives callers straightforward financial advice. People call in with problems ranging from retirement investing to leasing a car. Dave responds in a no-nonsense, but entertaining way. The result? A very listenable and satisfying podcast. Bottom line: Dave’s original, quotable style sets this money advice podcast apart. 2. Money Girl’s Quick & Dirty Tips for a Richer Life
Personal finance author and business consultant Laura Adams shares practical financial advice for regular people. Her clear, easy-to-understand podcast covers everything from tax breaks to transferring credit card balances. She keeps her show to-the-point, without rambling interviews or digressions. Bottom line: Money Girl’s concise, direct financial lessons offer an easy way to improve your money prowess. LISTEN to the podcast. 3. Marketplace
Marketplace, a public radio production, gets you your news, current event, analysis, and commentary fix in a professional, put-together way. You get an intelligent big picture of the current economy and the people in it. Bottom line: A professional, quick info-fix that keeps you up-to-date on news, events, and analysis. 4. Harvard Business Ideacast
The Ideacast, put on by the folks at Harvard Business Review, gives you the audio version of their valuable content. Hosts interview professors on their research and studies, give insight into everyday topics and trends, and tell you how you can use new findings to improve your career or business. Topics and guests are consistently interesting. Bottom line: Gain cutting-edge business and career knowledge, insight, and tips here. 5. Manager Tools
Manager Tools gives you practical advice on how to become a better leader and manager. Instead of analyzing theory, the podcast offers techniques and specific actions you can take to improve your management skills. Listening to Manager Tools is like talking to friends about business topics. You get useful, real-life advice and insight. The commentators sometimes insert fun, humorous discussions, keeping the podcast interesting. Bottom line: This fun, practical, friendly show gives good business advice in general, whether or not you’re a manager. 6. Duct Tape Marketing
Marketing guru John Jantsch, creator of the well-known Duct Tape Marketing blog and books, interviews prominent guests for his informative show. Most of Jantsch’s guests, whether entrepreneurs or social media specialists, have some kind of marketing expertise to share. When you listen, you gain both marketing wisdom and insight into cutting-edge ideas. Jantsch’s show sounds homegrown—both his interview style and studio sound quality reflect a relatively informal style. The upside is that you experience guests from an entrepreneur’s perspective, which gives you an intimacy with interviewees not found through the standard journalistic approach. Bottom line: Stay in the business and marketing loop by listening to Jantsch’s guests. LISTEN to the podcast. 7. The SalesRoundup Podcast
Entertaining, bantering hosts—and longtime salesmen–Mike and Joe discuss ways to improve your sales skills in this fun, engaging show. They tell stories to build their scenarios, analyze industry trends, and offer you ways to do it right. They also interview experts on all kinds of sales topics, including sales prospecting, recruiting, negotiating, dealing with “seemores,” and much more. Bottom line: Build your sales skills. Make more money. Stay entertained in the process. 8. WSJ’s Your Money Matters
Listen to Wall Street Journal-quality personal finance reports, complete with expert input, on this mainstream media podcast. Learn the latest tax laws, corporate moves, technology, and other relevant business news in short order. This podcast is generally around 5 minutes long, allowing you to update yourself on topics quickly and easily. Bottom line: Listen daily. Stay informed. 9. Total Picture Radio
Host Peter Clayton displays interviewing mastery in his tri-weekly podcast. Radio interviews can sometimes be tedious or dense, but Clayton’s choice of interviewees, insightful questions, and range of topics make his show a must-listen. Total Picture Radio started as Landed.fm, a show created to help professionals between jobs “land” a position. Its focus on helping professionals succeed remains, but its broad scope of both subjects and experts enables even non-business-minded listeners to glean wisdom from Clayton’s interviews. Bonus: The show’s frequency and range of interviewees lets you pick and choose interviews most relevant to you. Bottom line: Experts talk about a range of topics–and the interviews are almost always gripping. 10. Planet Money
NPR’s Planet Money gives you a behind-the-scenes look at money, how people make it, and how people take it. The show is especially good at covering events related to the financial crisis, bailout, and government rescue. They’re also adept at reporting on regular peoples’ experiences with topics. For example, recent shows feature regular joes dealing with health insurance bills, educating students about the financial crisis, and what kinds of plants (read: weeds) people ate during the Great Depression. Interviews, expert quotes, and relevance to everyday listeners make this podcast a good staple. Bottom line: A daily listen will boost your understanding of how current events relate to everyday life. LISTEN to the podcast here. 11. Sound Investing
Seattle-based investment firm Merriman puts together this excellent financial podcast, which has aired on Seattle radio for nearly a decade. Timely topics, like how to hedge against a weak dollar, keep you up on handling the market’s blows. The show’s three announcers banter and joke, adding a teasing informality to potentially dry topics. They lend their opinionated, often-funny approach to a variety of money topics, including mainstream finance trends, expert opinions, and interviews (Jack Bogle and Knight Kiplinger have been guests). They add music for variety. Some episodes run close to an hour, so you may want to pick and choose which shows to play. 12. Jim Canterucci’s Personal Brilliance Podcasts
Coach, project manager, and organizational change expert Jim Canterucci interviews up a storm in his discussion-based podcast. Each podcast is devoted to a fascinating interviewee, ranging from entrepreneurs and CEOs to marketing and social media. He covers the gamut of subjects relevant to business today. Each short interview addresses one aspect of Canterucci’s four personal brilliance catalysts: Curiosity, focus, awareness, and initiative. The result is an engaging, enlightening podcast. Bottom line: Canterucci’s podcast gives you insight into an expert’s world. This, in turn, helps you think brilliantly. LISTEN to the podcast. 13. The Disciplined Investor
Experienced investment advisor Andrew Horowitz uses analysis and attention to detail to give lay investors a clear picture of the market they play in. While financial news generally reports what’s happening, it doesn’t pay attention to the consequences and strategies for dealing with events. Horowitz does just that. For example, a recent show addressed this question: Will the government stimulus result in inflation? What happens next? He points out the bigger picture behind global markets, news analysis, and trends. He puts the missing pieces together. The level of detail makes it a bit dry if you’re not interested in investing, but if you are, don’t miss this show. Bottom line: If you want to learn or stay informed about the investment world, Horowitz is your man. 14. Inspiring Words of Encouragement
Once you get past each show’s cheesy introduction, motivation guru Zig Ziglar’s energetic stories will inspire you. His passionate narration, compelling voice, and lively stories instantly absorb you—and teach valuable lessons along the way. Most of Ziglar’s podcasts require a lot of attention to follow, so they’re ideal while you’re driving, exercising, or just sitting. Bottom line: Zig Ziglar’s podcast helps you feel better while you learn. LISTEN to the podcast. 15. Clark Howard
The Clark Howard show has a tagline: “Save more, spend less and avoid rip-offs.” That’s exactly what Clark, a well-known consumer advocate, shares in his podcast. By listening, you’ll learn what companies are ripping you off and how to avoid their traps. Shows also cover how, when, and where to save money, and how to address business problems that affect consumers directly. Additionally, Clark and his team—who have two hours to talk each day–cover trends, company stories, common business problems, and personal experiences, offering a complete daily business show. The combination of topics makes this consumer-centered show a useful addition to your listening lineup. Each show is 2 hours long, so pick and choose according to your topics of interest. Bottom line: Clark keeps you up-to-date on rip-offs, savings, and more. LISTEN to the podcast.
Source: Business Pundit | 3 Nov 2009 | 11:00 am Britain's Brown Swears This Round Of Bailout Money Will Work
"At the end of the day, banks will be paying more to the British public, not the other way round," Brown assured a country itching to toss him out of office at the first opportunity, one they'll get by June. According to Brown, the new bailout will reduce the Treasury's risk exposure by as much as £300 billion and wean RBS and Lloyds from their newfound dependency on taxpayer pounds. It will certainly be interesting to hear him mumbling, stumbling and stuttering that on the campaign trail.
Source: Dealbreaker | 3 Nov 2009 | 10:56 am Beijing has played climate cards beautifullyIn the frantic round of talks ahead of Copenhagen, Beijing’s negotiators can take comfort from the fact that the real pressure on climate change is being felt in other capitalsSource: Financial Times - US homepage | 3 Nov 2009 | 10:27 am Would You Pay $199 for a Twitter-Only Mobile Device?
If you would, it’s your lucky day. Mobile company Peek has released a device whose sole purpose in life is to send and receive tweets. PC World has more: The $199 price includes a wireless service plan for the life of the device. A $99 price includes 6 months of service, which then costs $7.95-a-month thereafter. The always-on device promises four days of battery life “in normal use” and promises nationwide wireless coverage. The device supports a single Twitter account at a time, allowing users to tweet, reply, retweet, download followers, and send direct messages to other users. Access to TwitPics is also possible using the TwitterPeek’s “view content” option. Who needs this device? That’s a fair question…Presumably, some people are using Twitter as an e-mail replacement and do not want the monthly expense associated with smartphone use. Peek also makes similar e-mail only devices, which seem to address a much larger market (and support five accounts at a time). This device sounds really limited. Will somebody who sees a reason to buy this thing speak up and change my mind?
Source: Business Pundit | 3 Nov 2009 | 10:21 am FTSE 100 ends in the red (AFP)
Source: Yahoo! News: Stock Markets News | 3 Nov 2009 | 10:11 am Which Brokerage Firm Is Responsible For Unleashing Shia LaBeouf On The Markets?
The actor...says he knew nothing about the financial world when he was first cast by Oliver Stone, so he walked into a brokerage firm and asked for help -- and soon got so hooked, it has become the biggest part of his life.
Source: Dealbreaker | 3 Nov 2009 | 9:37 am Bonus Watch '09: BarclaysNo projected numbers (yet), though apparently the breakdown of the goodie bag being considered is not making our favorite chippies very happy (and you know what the junior UK rainmakers do when they're not happy-- bitch!). Just keep your fingers crossed this isn't contagious. British-based Barclays Capital may be a bellwether for Wall Street's bonus season. The bank is ratcheting up stock payments to its execs and axing the amount of cash it pays out in bonuses this year -- a move that may influence US-based firms.
Source: Dealbreaker | 3 Nov 2009 | 8:45 am Morning Report: Berkshire Hathaway Hits The RailsBy Daniel Costello Good morning everyone. Here are some headlines from this morning's economic and business news: Warren Buffett's investment arm, Berkshire Hathaway, announced its purchasing the remaining 77% of Burlington Northern Santa Fe it did not already own for $44 billion in cash and stock. The deal for the nation's second largest railroad is Berkshire's biggest bet ever and is likely to be interpreted as a huge vote of confidence for the ongoing U.S. economic recovery. "Most important of all...it's an all-in wager on the economic future of the United States. I love these bets," Burlington CEO Matt Rose said. Entertainment giant Viacom announced continued good news by reporting third-quarter profit jumped a better-than-expected 15% on strong movie sales amid continuing declines in advertising and DVD sales. The company, which includes Paramount Pictures, MTV and Nickelodeon, dodged a bullet this summer when owner Sumner Redstone was able to pay off some of his huge debt load at the last minute -- saving his family's hold on the firm. Consumer health product giant Johnson & Johnson said it will cut up to 7% of its global workforce as part of an ongoing cost-cutting plan that the company says will save up to $1.7 billion by 2011. The cuts amount to about 8000 jobs. Lastly, all eyes are on the Federal Reserve today as the Federal Open Market Committee begins its two-day meeting. A report in the Financial Times last week set off a firestorm when it suggested that the Fed was reconsidering its policy of low interest rates to bolster the economy. Most onlookers now believe rates will remain low and are likely to comb the Fed's language mostly to see if it may raise rates in coming months. An announcement is expected Wednesday at about 2:15 p.m. EST » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 3 Nov 2009 | 8:37 am Berkshire Hathaway Buys Burlington Northern Santa Fe for $44 billion
Berkshire Hathaway announced today that it is buying railroad company Burlington Northern Santa Fe (BNI) for $44 billion, or $100/share. It is Berkshire Hathaway’s biggest-ever takeover. Bloomberg has more on Warren Buffett, railroad tycoon: Berkshire has been building a stake in the Fort Worth, Texas-based railroad for more than two years as Buffett looked for what he called an “elephant”-sized acquisition in which he could deploy his company’s cash hoard, valued at more than $24 billion as of the end of June. Trains stand to become more competitive against trucks with fuel prices high, he has said. Buffett needs “elephants in order for us to use Berkshire’s flood of incoming cash,” he said in his annual letter to shareholders in 2007. “Charlie and I must therefore ignore the pursuit of mice and focus our acquisition efforts on much bigger game.” Buffett said in 2007 that railroads may prosper at the expense of trucks. “As oil prices go up, higher diesel fuel raises costs for rails, but it raises costs for its competitors, truckers, roughly by a factor of four,” Buffett told shareholders in 2007 at his company’s annual meeting. “There could be a lot more business there than there was in the past.” Burlington Northern operates 32,000 miles of track, with 6,700 locomotives, according to its Web site. Most of the carrier’s network is west of the Mississippi, where it competes with Union Pacific. The company hauls cargo including grain, coal and so-called intermodal containers, which can move by a combination of rail, road and sea.
Source: Business Pundit | 3 Nov 2009 | 8:11 am Royal Bank Of Scotland: Costliest Bailout WorldwideBy Caitlin Kenney The U.K. government is giving Royal Bank of Scotland Group PLC another 25.5 billion pounds in capital to help it stay afloat. The government's total bailout of the bank now equals 45.5 billion pounds or about 74 billion dollars. It has become the costliest bailout of any bank worldwide. The government now owns a 84.4 percent stake in the bank, which suffered major losses after acquiring the ABN Amro businesses in 2007. The WSJ (subs. req'd) reports: RBS said over the next four years it will sell off its insurance arm--probably through an initial public offering--and divest its global merchant services unit and its interest in commodities trading joint-venture RBS Sempra Commodities, collectively accounting for GBP 5.7 billion of RBS' GBP 26.9 billion revenue in 2008. In addition, it will sell branches operating under the RBS brand in England and Wales, its NatWest branches in Scotland, and the accounts of some small and medium business customers across the U.K., totaling about 2 million customers and GBP20 billion in assets. The U.K. government is aiming to have these bought by a new entrant in U.K. banking, to make the sector more competitive. Meantime, another large British bank, Lloyds Banking Group, says it plans to tap investors in an effort to keep the government from taking a majority stake. The bank hopes to raise nearly 21 billion pounds, to keep the government's stake at 43 percent. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 3 Nov 2009 | 7:48 am When PCs Stand Out…
Source: Business Pundit | 3 Nov 2009 | 5:43 am
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