I'm doing 'God's work'. Meet Mr Goldman Sachs

Number 85 Broad Street, a dull, rust-coloured office block in lower Manhattan, doesn’t look like a place to stop and stare, and that’s just the way the people who work there like it. The men and women who arrive in the watery dawn sunshine, dressed in Wall Street black, clutching black briefcases and BlackBerrys, are very, very private. They walk quickly from their black Lincoln town cars to the lobby, past, well, nothing, really. There’s no name plate on the building, no sign on the front desk and the armed policeman stationed outside isn’t saying who works there. There’s a good reason for the secrecy. Number 85 Broad Street, New York, NY 10004, is where the money is. All of it.


Source: Latest Business News from Times Online | 8 Nov 2009 | 3:39 am

China pledges $10bn Africa loans

Chinese Premier Wen Jiabao pledges $10bn in loans to Africa over the next three years, reports say.
Source: BBC News | Business | World Edition | 8 Nov 2009 | 3:38 am

Buffett firm sees profits triple

US billionaire Warren Buffett's investment company reports that profits have almost tripled in the third quarter.
Source: BBC News | Business | World Edition | 8 Nov 2009 | 3:29 am

House passes historic health-care reform bill

House Democrats pass cornerstone of Obama's domestic policy on 220-215 vote. Only one Republican supports the legislation.



Source: MarketWatch.com - Top Stories | 8 Nov 2009 | 1:27 am

Geithner: need stimulus, not financial transactions tax (Reuters)

Britain's Chancellor of the Exchequer Alistair Darling (R) chats with U.S. Treasury Secretary Timothy Geithner as they gather for the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland, November 7, 2009. REUTERS/Andrew WinningReuters - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.



Source: Yahoo! News: Business | 8 Nov 2009 | 1:03 am

Geithner: need stimulus, not financial transactions tax

ST ANDREWS, Scotland (Reuters) - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed...
Source: RSS feed - channel BNewsBusiness | 8 Nov 2009 | 1:03 am

Geithner: need stimulus, not financial transactions tax

ST ANDREWS, Scotland (Reuters) - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.

Source: Reuters: Business News | 8 Nov 2009 | 1:03 am

A historic Tudor Revival in Glendale

At first glance, the tall, steeply pitched roof gives the illusion that the house is a charming cottage -- but once inside, the grandeur of another age reveals itself. ...
Source: RSS feed - channel BNPaperBusiness | 8 Nov 2009 | 1:00 am

Gondas have less wealth to share

Hospitals, theaters and museums have long enjoyed their generosity. But as AIG shares fell, the father and son's fortunes shriveled.

Driving around Los Angeles, particularly around the UCLA campus, it's hard not to notice the hospitals and research centers that bear their name.



Source: L.A. Times - Business | 8 Nov 2009 | 1:00 am

Facing foreclosure? Here's what you can do

For most of the growing legion of financially stretched families in danger of losing their homes, there is help available -- as long as they don't bury their heads in the sand.



Source: L.A. Times - Business | 8 Nov 2009 | 1:00 am

New car or used? Buy either, but be smart

Also: How emergencies can ding credit scores, and will a spouse's bankruptcy rule out a home loan?

Dear Liz: My husband and I own a car that's on its last legs, and we are contemplating a replacement.



Source: L.A. Times - Business | 8 Nov 2009 | 1:00 am

Santa Monica residences for less than $1 million

1122 26th St. Unit 103, Santa Monica 90403
Source: RSS feed - channel BNPaperBusiness | 8 Nov 2009 | 1:00 am

GOP healthcare plan isn't about helping the uninsured

Among other things, the proposal would actually increase the number of people without health insurance over the next decade. But it allows the Republicans to say they offered a cheaper alternative.

Republican lawmakers issued their own healthcare reform plan the other day, and you'd have to look hard to find a more cynical document purporting to represent the best interests of the American people.



Source: L.A. Times - Business | 8 Nov 2009 | 1:00 am

Blimp maker aims to expand

The founder of Worldwide Aeros in Montebello has been fascinated by airships since his childhood in Ukraine. His firm has sold more than 35 different platforms flown on four continents.

The gig: Igor Pasternak, 45, is the founder and chief executive of Worldwide Aeros Corp., a Montebello-based developer and maker of blimps used for surveillance, advertising and transport.



Source: L.A. Times - Business | 8 Nov 2009 | 1:00 am

Facing foreclosure? Here's what you can do

For most of the growing legion of financially stretched families in danger of losing their homes, there is help available -- as long as they don't bury their heads in the sand.
Source: RSS feed - channel BNPaperBusiness | 8 Nov 2009 | 1:00 am

You may qualify for a home-buyer tax credit

This time, income limits have been raised, so millions more people are eligible. You don't have to be a first-timer either.

Millions of additional people may be able to take advantage of the new and improved first-time home-buyer tax credit now, and it's not just for first-time home buyers anymore. You may qualify.



Source: L.A. Times - Business | 8 Nov 2009 | 1:00 am

New HUD rules aim to get rid of closing cost surprises

Starting Jan. 1, loan charges and settlement fees will be spelled out on a revised version of the good-faith estimates form that borrowers are supposed to get after their mortgage applications. ...
Source: RSS feed - channel BNPaperBusiness | 8 Nov 2009 | 1:00 am

You may qualify for a home-buyer tax credit

This time, income limits have been raised, so millions more people are eligible. You don't have to be a first-timer either. ...
Source: RSS feed - channel BNPaperBusiness | 8 Nov 2009 | 1:00 am

More Americans are planning on regifting, poll finds

A total of 36% of U.S. adults said they would recycle a gift this year, compared with 31% last year and 24% in 2007, a Consumer Reports survey finds. ...
Source: RSS feed - channel BNPaperBusiness | 8 Nov 2009 | 1:00 am

New HUD rules aim to get rid of closing cost surprises

Starting Jan. 1, loan charges and settlement fees will be spelled out on a revised version of the good-faith estimates form that borrowers are supposed to get after their mortgage applications.

Remember the bad old days of 11th-hour mortgage cost shocks and mystery junk-fee charges? Remember when the "good-faith estimates" your lender gave you upfront said closing costs would be about $2,000, but somehow they ballooned to $3,500 on the final closing sheet?



Source: L.A. Times - Business | 8 Nov 2009 | 1:00 am

Runaway Toyota cases ignored

Safety investigators dismissed numerous reports of sudden acceleration, then said data were lacking. More than...
Source: RSS feed - channel BNPaperBusiness | 8 Nov 2009 | 1:00 am

Santa Monica residences for less than $1 million

1122 26th St. Unit 103, Santa Monica 90403



Source: L.A. Times - Business | 8 Nov 2009 | 1:00 am

A historic Tudor Revival in Glendale

At first glance, the tall, steeply pitched roof gives the illusion that the house is a charming cottage -- but once inside, the grandeur of another age reveals itself.

At first glance, the tall, steeply pitched roof of this historic Glendale house gives the illusion that the Tudor Revival-style home is a charming cottage, surrounded by ferns, holly and miniature English ivy.



Source: L.A. Times - Business | 8 Nov 2009 | 1:00 am

New car or used? Buy either, but be smart

Also: How emergencies can ding credit scores, and will a spouse's bankruptcy rule out a home loan? Dear Liz: My husband and I own a car...
Source: RSS feed - channel BNPaperBusiness | 8 Nov 2009 | 1:00 am

More Americans are planning on regifting, poll finds

A total of 36% of U.S. adults said they would recycle a gift this year, compared with 31% last year and 24% in 2007, a Consumer Reports survey finds.

More Americans are planning on regifting, or passing on a gift they got from someone else, according to a Consumer Reports poll on holiday shopping. A total of 36% of U.S. adults said they would recycle a gift this year, compared with 31% last year and 24% in 2007, the survey found.



Source: L.A. Times - Business | 8 Nov 2009 | 1:00 am

Gondas have less wealth to share

Hospitals, theaters and museums have long enjoyed their generosity. But as AIG shares fell, the father and son's fortunes shriveled. ...
Source: RSS feed - channel BNPaperBusiness | 8 Nov 2009 | 1:00 am

Blimp maker aims to expand

The founder of Worldwide Aeros in Montebello has been fascinated by airships since his childhood in Ukraine. His firm has sold more than 35 different platforms flown on four continents. ...
Source: RSS feed - channel BNPaperBusiness | 8 Nov 2009 | 1:00 am

Advertisers face resistance to on-line tracking

Campaigners are stepping up efforts to curb online tracking of Internet use by firms that deliver adverts tailored to the specific interests of consumers, as polls reveal widespread unease...
Source: RSS feed - channel BNewsBusiness | 7 Nov 2009 | 10:26 pm

US House narrowly approves healthcare bill

Backing the biggest health policy changes in four decades and handing President Barack Obama a crucial victory, the House of Representatives approved a sweeping reform bill on a 220-215 vote
Source: Financial Times - US homepage | 7 Nov 2009 | 10:26 pm

Nobel laureate says global crisis a chance to change

Nobel Peace Laureate Muhammad Yunus calls the global economic crisis "an excellent opportunity to reflect and redesign" businesses, and devote creative ones to solving social problems. ...
Source: RSS feed - channel BNewsBusiness | 7 Nov 2009 | 10:10 pm

Holiday airfares close to last year but climbing

Fares for travel around the holidays have been rising since late summer. Christmas fares are now running 4 percent below a year ago, and the gap is likely to disappear soon. Contrast...
Source: RSS feed - channel BNewsBusiness | 7 Nov 2009 | 10:00 pm

House passes landmark health care bill

In a victory for President Barack Obama, the Democratic-controlled House narrowly passed landmark health care legislation Saturday night to expand coverage to tens of millions who lack it...
Source: RSS feed - channel BNewsBusiness | 7 Nov 2009 | 9:40 pm

China's new Nasdaq-style board sees wild start (AFP)

chinese=AFP - China's new Nasdaq-style market saw a week of wild yo-yo swings as frenzied investors sent the start-up shares to "ridiculously" high levels, analysts say, warning a correction is on the cards.



Source: Yahoo! News: Stock Markets News | 7 Nov 2009 | 9:34 pm

House passes health care bill

The Democratic-controlled House has passed historic health care legislation to provide medical coverage to millions more Americans. Most Americans would be required to carry insurance...
Source: RSS feed - channel BNewsBusiness | 7 Nov 2009 | 9:16 pm

House passes bill to provide health care coverage to millions more Americans.

House passes bill to provide health care coverage to millions more Americans.
Source: RSS feed - channel BNewsBusiness | 7 Nov 2009 | 9:16 pm

A majority of House members have voted to pass the health care bill. The vote is continuing.

A majority of House members have voted to pass the health care bill. The vote is continuing.
Source: RSS feed - channel BNewsBusiness | 7 Nov 2009 | 9:07 pm

House votes strict ban on abortion subsidies

The House has voted to prohibit coverage of abortions in a new government-run health care plan that Democrats want to compete with private insurers. The 240-194 vote was a blow to...
Source: RSS feed - channel BNewsBusiness | 7 Nov 2009 | 8:21 pm

Can gold hit $1,500?

Gold investors are partying like it's 1849.
Source: Business and financial news - CNNMoney.com | 7 Nov 2009 | 7:45 pm

Getting by with a skeleton staff

Small business owners are still whittling away at their payroll, but the deluge of pink slips on Main Street is slowing down.
Source: Business and financial news - CNNMoney.com | 7 Nov 2009 | 7:41 pm

Extreme savers in action


Source: Business and financial news - CNNMoney.com | 7 Nov 2009 | 7:38 pm

'Shelve EU proposals until banking rules finalised'

Brussels should shelve plans to impose controversial new rules on hedge funds and private equity until new banking regulation is finalised or risk indulging in "regulatory hubris" and undermining Europe's financial services sector according to an influential report from the European Parliament.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Nov 2009 | 5:28 pm

Avoidable tax that would not work

A financial transaction tax is a theoretical idea with limited applicability.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Nov 2009 | 5:25 pm

The Tobin Tax a brief history


Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Nov 2009 | 5:23 pm

G20 finance ministers agree to maintain fiscal support

Britain has secured assurances from the rest of the G20 that there will be no global reduction in financial support for world economies until it is clear that any nascent recovery is sustainable.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Nov 2009 | 5:22 pm

Ding ding: end of round two of the banking bailout

Bar staff at the Westminster Arms are used to a political class of clientele.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Nov 2009 | 5:20 pm

Enterprise becomes a family affair

It is never too late to become a serial entrepreneur.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Nov 2009 | 5:15 pm

Sports community entrepreneurs convert their chance

IT'S been a difficult 18 months for anyone starting up a business let alone one dependent on advertising. But when the founders of Pitchero.com featured in the first Bright Ideas column they were full of optimism.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Nov 2009 | 5:13 pm

General Motors drives Germany to despair

The directors of General Motors met for dinner last Monday in advance of an eagerly anticipated board meeting the following day. It was a chance for them to get to know one another.


Source: Latest Business News from Times Online | 7 Nov 2009 | 5:01 pm

Secret £165bn loan keeping Lloyds alive

LLOYDS BANKING GROUP is being kept afloat with £165 billion of loans and guarantees from the Bank of England and other central banks around the world, The Sunday Times can reveal.


Source: Latest Business News from Times Online | 7 Nov 2009 | 5:01 pm

Are the central banks blowing new bubbles?

Another month, another £25 billion in quantitative easing from the Bank of England. The latest addition to the Bank’s asset purchases will take the total to a nice round £200 billion.


Source: Latest Business News from Times Online | 7 Nov 2009 | 5:01 pm

Take heart from bosses’ optimism about Britain

The chief executives of our large banks and retailers have ideal seats from which to watch the UK economy. The bankers see how stretched individuals are on mortgage payments, how much they are putting on credit cards and into savings accounts. They have a similar view on the financial strength of their corporate customers, both big and small. Retailers can see every day what their customers are doing.


Source: Latest Business News from Times Online | 7 Nov 2009 | 5:01 pm

Alan Sugar: I’ll fire myself – that’ll learn you

Stonily quiet at the back of a big, blank office on a weird, wind-whipped Essex trading estate, Sir Alan Sugar — ’skewze me, Lord Sugar — looks small, angry and alone. The businessman’s face, normally the rough beige of a Farley’s rusk, is oddly white and red, even though, as it hungrily patrols the two televisions, the computer and the iPhone near his desk, it seems to be just another grim day at the coalface for the professionally irate star of The Apprentice.
Source: Latest Business News from Times Online | 7 Nov 2009 | 5:01 pm

Phone giants Vodafone and BT eye more cuts

BRITAIN’S two flagship telecoms companies will this week announce deeper cost cutting to compensate for sluggish sales growth.


Source: Latest Business News from Times Online | 7 Nov 2009 | 5:01 pm

Strike ballot for British Airways crew

BRITISH AIRWAYS yesterday came a step closer to having its flights grounded over Christmas when cabin crew unions said they would hold a strike ballot.


Source: Latest Business News from Times Online | 7 Nov 2009 | 5:01 pm

Supermarkets launch massive price Christmas war

BRITAIN’s supermarket chains have launched the biggest discounting bonanza in years for this festive season, with toys, DVD boxed sets, Christmas decorations, clothes and electricals all on sale more than a month and a half before the big day.


Source: Latest Business News from Times Online | 7 Nov 2009 | 5:01 pm

Cadbury to slam Kraft’s ‘cheap’ hostile bid

ROGER CARR, the Cadbury chairman, will issue a caustic rebuttal to Kraft, the American food group, when it tables a £10 billion hostile bid for the Dairy Milk maker tomorrow.


Source: Latest Business News from Times Online | 7 Nov 2009 | 5:01 pm

Uphill struggle

Mixed response at G20 to Britain's transaction tax idea
Source: BBC News | Business | World Edition | 7 Nov 2009 | 4:55 pm

Sainsbury's to go greener with carbon dioxide

Sainsbury's is to become the first UK supermarket to ban the use of "superglobalwarming" chemicals in its refrigerators - instead cooling its food by carbon dioxide.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Nov 2009 | 4:34 pm

BAE hires Pinochet lawyer for SFO fight

BAE Systems has instructed General Pinochet's former QC to handle its defence if the Serious Fraud Office SFO is successful in persuading the Attorney General to proceed with a fraud prosecution against the arms manufacturer.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Nov 2009 | 4:30 pm

Amendment blocks federal funding for abortions

A bipartisan coalition sought to impose stricter abortion limits on insurance sold under a new health care bill Saturday, hoping to leave their imprint on legislation otherwise crafted...
Source: RSS feed - channel BNewsBusiness | 7 Nov 2009 | 4:14 pm

Prudential chief executive Tidjane Thiam says the East is the future

We are NUMBER ONE" roar the crowd gathered in Kuala Lumpur's Mandarin Oriental Hotel as 15 drummers roll on to the stage dressed in traditional Asian clothing.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Nov 2009 | 3:40 pm

NewsWatch: Obama urges passage as House health vote nears

House Democrats upbeat after meeting with Obama, but vote set for Saturday still may be delayed to round up support.



Source: MarketWatch.com - Top Stories | 7 Nov 2009 | 3:05 pm

U.S. Treasury rejects Fannie Mae tax-credit sale

The U.S. Treasury blocks the proposed sale of low-income housing tax credits held by embattled mortgage lender Fannie Mae because officials have determined that the transaction would be too costly to taxpayers, according to media reports.



Source: MarketWatch.com - Top Stories | 7 Nov 2009 | 2:32 pm

Opium owner liquidates

Hospitality heavyweight David Williams has been clobbered by the recession. Mounting debts of more than $2.7 million have forced the restaurateur and his wife and business partner Harbans to put five of their companies into liquidation.The...
Source: nzherald.co.nz - Business | 7 Nov 2009 | 2:00 pm

Staff at struggling German retail giant agree to tighten belts (AFP)

Two department stores of German retailers Karstadt and Kaufhof stand side-by-side in the southern German city of Trier. Employees of the embattled German department store chain Karstadt, owned by the insolvent retail group Arcandor, agreed Saturday to take salary cuts as part of a last-ditch effort to save their jobs.(AFP/DDP/File/Torsten Silz)AFP - Employees of the embattled German department store chain Karstadt, owned by the insolvent retail group Arcandor, agreed Saturday to take salary cuts as part of a last-ditch effort to save their jobs.



Source: Yahoo! News: Business | 7 Nov 2009 | 1:51 pm

GOP touts election wins as rebuke to Dem policies

The election of two Republican gubernatorial candidates this week underscores the concern of many U.S. voters about the general direction of the county under the Democratic party's leadership, a top Republican official said Saturday.



Source: MarketWatch.com - Top Stories | 7 Nov 2009 | 1:18 pm

Five bank closures to cost FDIC fund $1.5 bln

A California-based bank that focused on the Chinese-American market was the largest of five failures on Friday that cost U.S. taxpayers more than $1.5 billion.



Source: MarketWatch.com - Top Stories | 7 Nov 2009 | 1:14 pm

G20 vows to spur fragile growth

The recovery is too weak to end stimulus moves, G20 ministers say, as Britain suggests a transaction tax to fund bailouts.
Source: BBC News | Business | World Edition | 7 Nov 2009 | 1:06 pm

Wall Street firms skittish about RUSAL IPO: report (Reuters)

Russian tycoon Oleg Deripaska speaks during an economic conference in Moscow February 11, 2009. REUTERS/Alexander NatruskinReuters - Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.



Source: Yahoo! News: Business | 7 Nov 2009 | 12:45 pm

Wall Street firms skittish about RUSAL IPO: report

CHICAGO (Reuters) - Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.

Source: Reuters: Business News | 7 Nov 2009 | 12:45 pm

Brown floats idea for global tax on banks

Finance ministers and central bank governors of the Group of 20 leading nations launched a framework to promote a better balanced global economy, but the meeting was overshadowed by a dispute about a global tax on financial transactions and little progress on financing efforts to reduce global warming
Source: Financial Times - US homepage | 7 Nov 2009 | 12:22 pm

UK gives impetus to global banks tax (Reuters)

Britain's Prime Minister Gordon Brown gestures during his speech on Afghanistan at the Royal College of Defence Studies in London November 6, 2009. REUTERS/Oli Scarff/PoolReuters - Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly.



Source: Yahoo! News: Business | 7 Nov 2009 | 11:44 am

UK gives impetus to global banks tax

ST ANDREWS, Scotland (Reuters) - Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly.

Source: Reuters: Business News | 7 Nov 2009 | 11:44 am

Britain's Brown urges global tax

G20 agrees to kee massive stimulus measures in place until global economy strengthens.



Source: MarketWatch.com - Top Stories | 7 Nov 2009 | 11:07 am

Corruption costs poorer states up to $40 billion a year

DOHA (Reuters) - Corruption costs developing nations $20 to $40 billion each year, while emerging markets and financial centers are increasingly havens for stolen assets, a top World Bank official said Saturday.

Source: Reuters: Business News | 7 Nov 2009 | 10:47 am

How Steve Jobs changed music

Those ubiquitous white earbuds only hint at how profoundly Apple has revamped the way we hear, buy and make music.
Source: Business and financial news - CNNMoney.com | 7 Nov 2009 | 10:47 am

Wall Street rally gets second wind (AFP)

A trader works on the floor of the New York Stock Exchange moments before the closing bell in November 5. Wall Street's gravity-defying rally found new life over the past week, providing optimism for investors heading into what has historically been one of the best periods of the year.(AFP/Getty Images/File/Spencer Platt)AFP - Wall Street's gravity-defying rally found new life over the past week, providing optimism for investors heading into what has historically been one of the best periods of the year.



Source: Yahoo! News: Stock Markets News | 7 Nov 2009 | 10:22 am

Save on health insurance

1. Choose the right plan
Source: Business and financial news - CNNMoney.com | 7 Nov 2009 | 10:18 am

Freebies for the jobless

From free dry cleaning to a no-cost vacation, these 5 businesses have come up with creative ways to help out unemployed residents in their communities.
Source: Business and financial news - CNNMoney.com | 7 Nov 2009 | 10:16 am

Apple invades France


Source: Business and financial news - CNNMoney.com | 7 Nov 2009 | 10:10 am

NewsWatch: House readies for historic health-care vote

Obama expectecd on Capitol Hil Saturday to rally Democratic lawmakers on eve of vote, which could come later in day.



Source: MarketWatch.com - Top Stories | 7 Nov 2009 | 10:00 am

AES Debate: China’s Infrastructure Grab (AES)

China is at it again buying key infrastructure access.  AES Corp. (NYSE: AES) disclosed on Friday, along with earnings, that the company was raising significant cash.  This is a capital raise which also may ‘raise some eyebrows’ because the company is selling a 15% stake to China’s sovereign wealth fund, China Investment Corporation.  The stake [...]

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]



Source: 24/7 Wall St. | 7 Nov 2009 | 9:59 am

Regulators close Gateway Bank, Prosperan Bank

WASHINGTON (Reuters) - Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year.

Source: Reuters: Business News | 7 Nov 2009 | 9:51 am

Jobless rate surges to 10.2 percent

WASHINGTON (Reuters) - The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.

Source: Reuters: Business News | 7 Nov 2009 | 9:49 am

Retirees facing lean future

Kiwis will have to work longer and be paid less in retirement, Treasury has warned the Government in a sobering report about the fiscal state of the nation.Soaring Crown debt and an ageing population mean the country cannot afford...
Source: nzherald.co.nz - Business | 7 Nov 2009 | 9:00 am

Barkers lifts game plan with All Blacks

Given the typical Kiwi male shops once or twice a year, it is surprising that Barkers has defied recession trends.It notched up 12 per cent sales growth for the June quarter, on top of 19 per cent growth for the same period last...
Source: nzherald.co.nz - Business | 7 Nov 2009 | 9:00 am

Martin Hawes : Beware rental guarantees

At present, houses make poor investments; however, apartments are even worse. That's why developers and promoters of apartment blocks use some slick marketing to sell units.One technique is the offer of guaranteed returns. I notice...
Source: nzherald.co.nz - Business | 7 Nov 2009 | 9:00 am

Matt McCarten : Mobilising to challenge 'feudal era' management

Every thinking New Zealander should go and see Michael Moore's film Capitalism: A Love Story that is now out in cinemas.I've been a fan of Moore ever since his first film, Roger & Me , which had him chasing down Roger Smith...
Source: nzherald.co.nz - Business | 7 Nov 2009 | 9:00 am

Clode meets his Waterloo

Olympian turned bankrupt property developer Brent Clode last night rejected claims he was making a mockery of the company winding-up process by appointing family and friends as liquidators.In what one barrister described as "a...
Source: nzherald.co.nz - Business | 7 Nov 2009 | 9:00 am

Pensioners to lose payment choice

New pensioners claiming the state pension will no longer be able to choose to receive it in advance from 6 April 2010.
Source: BBC News | Business | World Edition | 7 Nov 2009 | 8:54 am

Clean dream - a U.S energy transformation

It looks like an epic art installation: 24,000 heliostats arranged in precise rows across the desert floor in the Antelope Valley outside Lancaster, north of Los Angeles.The heliostats - mirrors that follow the sun's arc across...
Source: nzherald.co.nz - Business | 7 Nov 2009 | 8:45 am

Retirement: 3 steps for a late starter

Question: My husband and I are in our late '50s and haven't put anything away for retirement, although we do own our home. We figure we'll work another 10 years or so before retiring. Do you have any helpful suggestions for us so we won't have to live solely on Social Security? --Peggy, Rockvale, Colorado
Source: Business and financial news - CNNMoney.com | 7 Nov 2009 | 7:11 am

The future of car safety


Source: Business and financial news - CNNMoney.com | 7 Nov 2009 | 7:05 am

NewsWatch: G20 begins push for 'peer-review' program

Over the past year, G20 leaders have held a series of high profile summits filled with handshakes and toasts to show they can work together for the good of the global economy; now their top finance officials gather in Scotland to make that cooperation a reality.



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

Great job openings, no candidates

Despite millions of unemployed job seekers desperate for work, many open positions are languishing unfilled. The reason? Not enough candidates.
Source: Business and financial news - CNNMoney.com | 7 Nov 2009 | 7:02 am

Afghanistan hits back at foreign critics

Afghanistan hit back at pressure from Western powers for it to crackdown on corruption and accused the United Nations envoy to Kabul of seeking to interfere in the formation of the next government
Source: Financial Times - US homepage | 7 Nov 2009 | 7:01 am

Honduras pact crumbles over unity government

An agreement to end a four-month political crisis in Honduras collapsed after two rival leaders failed to form a government of unity to heal the damage from a June coup
Source: Financial Times - US homepage | 7 Nov 2009 | 6:42 am

Banks must act on refunds rules

Banks will have to change the way they deal with customers who say their cards have been fraudulently used with the correct PIN.
Source: BBC News | Business | World Edition | 7 Nov 2009 | 6:27 am

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

In case you missed them, here are the top 10 videos that appeared on MarketWatch for the week of Nov. 2-6:



Source: MarketWatch.com - Top Stories | 7 Nov 2009 | 6:01 am

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

In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of Nov. 2-6:



Source: MarketWatch.com - Top Stories | 7 Nov 2009 | 6:01 am