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Obama seeks rebalancing, Asia warns of protectionism (Reuters)Reuters - U.S. President Barack Obama called on Saturday for a new strategy to rebalance global growth, but leaders around the Pacific rim, gathering for a weekend summit, took aim at signs of U.S. trade protectionism.Source: Yahoo! News: Business | 14 Nov 2009 | 1:01 am Obama seeks rebalancing, Asia warns of protectionismSINGAPORE (Reuters) - U.S. President Barack Obama called on Saturday for a new strategy to rebalance global growth, but leaders around the Pacific rim, gathering for a weekend summit, took aim at signs of U.S. trade protectionism.Source: Reuters: Business News | 14 Nov 2009 | 1:01 am Fox Television Studios' prudence is a show in itselfThe News Corp. subsidiary's low-risk approach to creating scripted dramas -- which normally are costly to produce -- could become the new model for network TV.The first thing Emiliano Calemzuk did when he was tapped to become president of News Corp.'s Fox Television Studios was to move it out of its posh locale on the Fox lot in Century City -- and into offices neighboring an old gas station on Santa Monica Boulevard.
Source: L.A. Times - Business | 14 Nov 2009 | 1:00 am California exports decline 16.3% in September from a year earlierThe $10.35-billion total is up 3.2% from August, though. Farm products fare better than manufactured goods.Many economists use California's exports as a gauge of the state's rebound potential. According to September's numbers, California still has a long way to go.
Source: L.A. Times - Business | 14 Nov 2009 | 1:00 am H1N1 flu boosts sales of hand sanitizersWith more workplaces and schools buying up disinfectants and hand sanitizers, suppliers are in full production mode.Silvia Cordero eyed the row of disinfecting gels, soaps and hand sanitizers at a Rite Aid in Culver City with the intensity of a drill sergeant preparing troops for a skirmish with the H1N1 flu virus.
Source: L.A. Times - Business | 14 Nov 2009 | 1:00 am Controllers were slow to alert military about off-track jet, FAA chief saysRandy Babbitt said air traffic personnel should have been 'more agile' when they lost contact with the crew of a Northwest flight for more than an hour last month.Air traffic controllers were slow to notify the military when they lost contact with a Northwest Airlines jet for more than an hour last month, the top U.S. aviation regulator said Friday.
Source: L.A. Times - Business | 14 Nov 2009 | 1:00 am George Clooney's co-star in 'Up in the Air': American AirlinesThe airline doesn't get any of the movie's profits, but it gets lots of screen time.At a time when passenger airplanes are increasingly empty because of falling demand, American Airlines has found a profitable way to fill its aircraft and executive lounges.
Source: L.A. Times - Business | 14 Nov 2009 | 1:00 am Nissan is turning over a new zero-emission LeafThe electric car, which made its U.S. debut Friday in L.A., is set to go on sale in select markets in the U.S., Europe and Japan next year and go global in 2012.On the vast expanse of asphalt outside Dodger Stadium, Nissan Motor Co.'s new electric car made its U.S. debut Friday, zipping quietly through a maze of orange cones on its way to what the Japanese automaker hopes will be the top of the clean transportation class.
Source: L.A. Times - Business | 14 Nov 2009 | 1:00 am Fox Television Studios' prudence is a show in itselfThe News Corp. subsidiary's low-risk approach to creating scripted dramas -- which normally are costly to produce -- could become the new model for network TV. ...Source: RSS feed - channel BNPaperBusiness | 14 Nov 2009 | 1:00 am Fearing pay cuts as the new normalWhat if, for years to come, there are masses of qualified people willing to do what you do -- but for much less? ...Source: RSS feed - channel BNPaperBusiness | 14 Nov 2009 | 1:00 am European economies in modest reboundData show 0.4% growth in nations that use the euro, fueling hopes for global recovery.Buoyed by strengthening rebounds in Germany and France, the 16-nation euro zone appears to have climbed out of its worst recession since World War II, fueling hopes that a lasting global recovery is beginning to take shape.
Source: L.A. Times - Business | 14 Nov 2009 | 1:00 am Fearing pay cuts as the new normalWhat if, for years to come, there are masses of qualified people willing to do what you do -- but for much less?Wall Street bankers make too much money -- on that the American public may be in near-unanimous agreement.
Source: L.A. Times - Business | 14 Nov 2009 | 1:00 am Stocks gain to extend second straight weekly advanceU.S. stocks rose, extending a second straight weekly advance, as higher-than-estimated earnings at Walt Disney Co. and Abercrombie & Fitch Co. overshadowed an unexpected drop in consumer confidence...Source: RSS feed - channel BNPaperBusiness | 14 Nov 2009 | 1:00 am Tribune asks Bankruptcy Court for extensionThe Los Angeles Times' owner wants four more months to plan its exit from Chapter 11 without interference. The company says it would emerge from bankruptcy May 31. ...Source: RSS feed - channel BNPaperBusiness | 14 Nov 2009 | 1:00 am Nissan is turning over a new zero-emission LeafThe electric car, which made its U.S. debut Friday in L.A., is set to go on sale in select markets in the U.S., Europe and Japan next year and go global in 2012. ...Source: RSS feed - channel BNPaperBusiness | 14 Nov 2009 | 1:00 am Consumer sentiment falls, trade deficit growsU.S. consumer sentiment fell in early November amid a grim outlook for future job prospects, while a larger-than-expected trade deficit has economists scaling back estimates for third-quarter economic...Source: RSS feed - channel BNPaperBusiness | 14 Nov 2009 | 1:00 am Controllers were slow to alert military about off-track jet, FAA chief saysRandy Babbitt said air traffic personnel should have been 'more agile' when they lost contact with the crew of a Northwest flight for more than an hour last month. ...Source: RSS feed - channel BNPaperBusiness | 14 Nov 2009 | 1:00 am Tribune asks Bankruptcy Court for extensionThe Los Angeles Times' owner wants four more months to plan its exit from Chapter 11 without interference. The company says it would emerge from bankruptcy May 31.Signaling that infighting among creditors is bogging down reorganization efforts, Tribune Co. has asked a U.S. Bankruptcy Court in Delaware to give its management team until March 31 to craft a plan to exit Chapter 11 without interference from other parties.
Source: L.A. Times - Business | 14 Nov 2009 | 1:00 am Pacific Coast National Bank is seized, sold to Sunwest BankTustin-based Sunwest has bought three failed banks this year. Pacific Coast's two branches, in San Clemente and Encinitas, are to reopen Monday as branches of Sunwest.Bank regulators seized Pacific Coast National Bank of San Clemente on Friday and immediately sold it to Tustin's Sunwest Bank.
Source: L.A. Times - Business | 14 Nov 2009 | 1:00 am George Clooney's co-star in 'Up in the Air': American AirlinesThe airline doesn't get any of the movie's profits, but it gets lots of screen time. At a time when passenger...Source: RSS feed - channel BNPaperBusiness | 14 Nov 2009 | 1:00 am California exports decline 16.3% in September from a year earlierThe $10.35-billion total is up 3.2% from August, though. Farm products fare better than manufactured goods. Many...Source: RSS feed - channel BNPaperBusiness | 14 Nov 2009 | 1:00 am H1N1 flu boosts sales of hand sanitizersWith more workplaces and schools buying up disinfectants and hand sanitizers, suppliers are in full production mode. ...Source: RSS feed - channel BNPaperBusiness | 14 Nov 2009 | 1:00 am Medvedev vows to end Russian protectionismPresident Dmitry Medvedev Saturday promised that protectionist measures imposed by Russia would end after the economic crisis, saying Asia-Pacific leaders were obliged to remove trade...Source: RSS feed - channel BNewsBusiness | 14 Nov 2009 | 12:11 am Obama's trade deal signal worth billions - KeySINGAPORE - Prime Minister John Key is predicting "billions and billions" in additional export returns down the track after US President Barack Obama today said he would work with New Zealand and other free trading nations to slash...Source: nzherald.co.nz - Business | 14 Nov 2009 | 12:04 am Mitsubishi UFJ plans $11 bln share issue: reportJapan’s Mitsubishi UFJ Financial Group Inc. plans to boost its capital by roughly 1 trillion yen ($11 billion) by the end of the year in what would be the largest capital increase through public offerings of common stock in Japan.
Source: MarketWatch.com - Top Stories | 13 Nov 2009 | 11:49 pm Toyota plans to end U.S. floor mat woes: reportToyota Motor Corp. will make changes to gas pedals in certain U.S. models under an agreement with the U.S. National Highway Traffic Safety Administration in response to accidents blamed on the accelerators getting stuck to the floor mats.
Source: MarketWatch.com - Top Stories | 13 Nov 2009 | 11:36 pm Obama seeks rebalancing, Asia warns of protectionismSINGAPORE (Reuters) - U.S. President Barack Obama called on Saturday for a new strategy to rebalance global growth, but leaders around the Pacific rim, gathering for a weekend summit, took...Source: RSS feed - channel BNewsBusiness | 13 Nov 2009 | 11:11 pm Obama embraces the challenge posed by ChinaPresident Barack Obama says the U.S. will seek to increase cooperation with China, and also warns of the 'limits' of relying on American consumers and Asian exports to drive global growth.
Source: MarketWatch.com - Top Stories | 13 Nov 2009 | 11:07 pm Buffett says his businesses bottomedNEW YORK (Reuters) - Billionaire Warren Buffett said that while his businesses have bottomed after the worst financial crisis in decades, he saw few upticks and ruled out a buoyant holiday season.Source: Reuters: Business News | 13 Nov 2009 | 10:38 pm Judge rebuked by panel over Ferdinand Marcos moneyA U.S. District judge's lax oversight of more than $30 million tied to the late Philippines President Ferdinand Marcos is "curious," a federal appeals court said in an opinion issued...Source: RSS feed - channel BNewsBusiness | 13 Nov 2009 | 10:31 pm Obama says China is not a threatThe rise of a strong, prosperous China can be a source of strength for the community of nations, Barack Obama, the US president, told an audience in Japan on the eve of his first visit to the world’s most populous nationSource: Financial Times - US homepage | 13 Nov 2009 | 10:26 pm Stocks to Watch: stocks in focus for MondayAmong the shares expected to see active trading on Monday are Lowe's, Assured Guaranty and Pacific Sunwear.
Source: MarketWatch.com - Top Stories | 13 Nov 2009 | 10:01 pm Market Snapshot: Earnings growth elusive but outlooks brightenThird-quarter earnings season is coming to an end with the mildest profit decline in two years.
Source: MarketWatch.com - Top Stories | 13 Nov 2009 | 10:01 pm ALL BUSINESS: Can the stock market rally last? (AP)AP - Somebody on a bus asks a friend, "How about that stock market?" The response: "Unbelievable." Caribbean vacationers lounging poolside check their Blackberries for stock prices. Suburban gym members chat about the latest market gains during their morning workouts.Source: Yahoo! News: Stock Markets News | 13 Nov 2009 | 10:00 pm Orion Bank fails as insurance fund takes $1B hitFDIC deposit insurance fund takes another $1 billion hit as three more banks fail.
Source: MarketWatch.com - Top Stories | 13 Nov 2009 | 8:32 pm Buffett says his businesses bottomedNEW YORK (Reuters) - Billionaire Warren Buffett said that while his businesses have bottomed after the worst financial crisis in decades, he saw few upticks and ruled out a buoyant holiday...Source: RSS feed - channel BNewsBusiness | 13 Nov 2009 | 8:18 pm Buffett says his businesses bottomed (Reuters)Reuters - Billionaire Warren Buffett said that while his businesses have bottomed after the worst financial crisis in decades, he saw few upticks and ruled out a buoyant holiday season.Source: Yahoo! News: Business | 13 Nov 2009 | 8:18 pm Wall Street eyes US consumer to keep rally goingA resurgent Wall Street will keep a close eye on the state of the US consumer in the coming week for signs of a stronger economic recovery heading into the year-end holidays. With a...Source: RSS feed - channel BNewsBusiness | 13 Nov 2009 | 8:12 pm Wall Street eyes US consumer to keep rally going (AFP)
Source: Yahoo! News: Stock Markets News | 13 Nov 2009 | 8:06 pm DotLoop Commands Center Stage 1 p.m. Sat. at NAR 2009: Real Estate Goes Back to the Future with Exhibitor Preso TheaterSAN DIEGO, Nov. 13 /PRNewswire/ -- The future of online real estate sales, DotLoop, commands center stage tomorrow with a 1 p.m. performance on the main stage at Exhibitor...Source: RSS feed - channel BNewsBusiness | 13 Nov 2009 | 8:00 pm Weekend Investor: Five market sectors for the next six months“Sell in May and go away" turned out to be not such good advice this year, but we're approaching what historically has been stocks' best six-month cycle. Here are five market sectors worth examining.
Source: MarketWatch.com - Top Stories | 13 Nov 2009 | 7:59 pm Solar power startup Ausra looks to sell itself* Solar thermal start-up raised $130 mln in venture capitalSource: RSS feed - channel BNewsBusiness | 13 Nov 2009 | 7:40 pm The Gazette in Colorado Springs lays off 11 moreThe Gazette in Colorado Springs has laid off 11 employees, including seven in the newsroom, leaving fewer than 300 people on the staff. President and Publisher Steve Pope said Friday...Source: RSS feed - channel BNewsBusiness | 13 Nov 2009 | 7:29 pm Icahn raises purchase price for CIT notes to $650NEW YORK (Reuters) - Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group to $650 per $1,000 of principal notes tendered.Source: Reuters: Business News | 13 Nov 2009 | 7:25 pm Icahn raises purchase price for CIT notes to $650NEW YORK (Reuters) - Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group to $650 per $1,000 of principal notes tendered.Source: RSS feed - channel BNewsBusiness | 13 Nov 2009 | 7:25 pm UPDATE 1-Icahn raises purchase price for CIT notes to $650NEW YORK, Nov 13 (Reuters) - Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group to $650 per $1,000 of principal notes tendered.Source: RSS feed - channel BNewsBusiness | 13 Nov 2009 | 7:24 pm Buffett: Put out economic fire then deal with deficitThe $1.42 trillion deficit the government racked up in 2009 even sounds like a lot to influential investor Warren Buffett.Source: Business and financial news - CNNMoney.com | 13 Nov 2009 | 7:10 pm CFTC fines hedge fund EMF for false statementsWASHINGTON (Reuters) - The top U.S. futures market regulator on Friday fined hedge fund EMF Financial Products LLC $4 million for making false statements about its market positions relating to U.S. treasury note futures.Source: Reuters: Business News | 13 Nov 2009 | 6:08 pm Get ready for flatscreen TV price warsIf you're in the market for a new flatscreen TV this holiday season, you're in luck.Source: Business and financial news - CNNMoney.com | 13 Nov 2009 | 5:48 pm Hedge Funds: Paulson held big stake in Citi on Sept. 30Paulson & Co.’s appetite for bank stocks seems to be growing.
Source: MarketWatch.com - Top Stories | 13 Nov 2009 | 5:39 pm Wal-Mart offers vendors a way to faster payment (AP)AP - Wal-Mart Stores Inc., the world's biggest retailer, is offering its clothing vendors a faster way to get paid that could change how struggling retailers and vendors do business together.Source: Yahoo! News: Business | 13 Nov 2009 | 5:38 pm John Paulson takes £1.45bn gamble on CitigroupHedge fund manager John Paulson has made a 1.45bn £870m bet on Citigroup's eventual recovery buying 300m of the troubled banking conglomerate's shares.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Nov 2009 | 5:12 pm White House hits out at plan to strip Fed powersPlans to strip the Federal Reserve of its bank supervision powers were rebuffed in two separate speeches by senior Obama administration officialsSource: Financial Times - US homepage | 13 Nov 2009 | 5:09 pm Founding partner quits Brevan Howard Asset ManagementJeanPhilippe Blochet is to leave Brevan Howard Asset Management Europe's largest hedge fund.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Nov 2009 | 5:03 pm Rexam moves former finance boss to replace Leslie Van de WalleRexam, the world’s biggest drinks can maker, yesterday became the second FTSE 100 company in a week to drop its chief executive. The company, which has acknowledged that it faces a tough period over the next few years, said that Leslie Van de Walle, its chief executive for three years, would leave at the end of next month. He will receive a £1.6 million payoff. Source: Latest Business News from Times Online | 13 Nov 2009 | 5:01 pm Tullett Prebon-BGC Partners dispute enters next chapter in High CourtA feud between two of the City’s leading brokers escalated yesterday after Terry Smith, the head of Tullett Prebon, admitted discussing a rival’s private life with a Sunday newspaper. Source: Latest Business News from Times Online | 13 Nov 2009 | 5:01 pm IT programmers charged in Madoff scandalFederal prosecutors have charged two computer programmers with assisting Bernard Madoff’s $65 billion ($£39 billion) fraud and hinted that there are more conspirators to be unmasked. Source: Latest Business News from Times Online | 13 Nov 2009 | 5:01 pm Xstrata boss mines £14m seam by cashing in sharesMick Davis, the chief executive of Xstrata, has made a profit of just under £14 million from cashing in hundreds of thousands of share options in the acquisitive Swiss-based mining group in less than a month. Source: Latest Business News from Times Online | 13 Nov 2009 | 5:01 pm More routes but less classThe merger of British Airways and Iberia will expand the networks of both airlines and enhance their revenue-raising opportunities. Source: Latest Business News from Times Online | 13 Nov 2009 | 5:01 pm On a wing and a prayerMost of the comment thus far on the British Airways merger with Iberia has focused on the impact on shareholders and passengers. As usual, the pension fund members get barely a look-in. The 100,000 Britons whose retirement hopes depend on BA continuing to honour past pension promises were barely acknowledged in the merger announcement. Source: Latest Business News from Times Online | 13 Nov 2009 | 5:01 pm Iberia’s costly crew will be the focus of attention for Willie WalshIberia’s cabin crew and pilots have emerged as potentially prime cost-cutting targets for Willie Walsh, the new chief of a merged British Airways-Iberia. Source: Latest Business News from Times Online | 13 Nov 2009 | 5:01 pm Business big shot of the week: Nick ReillyEducated at Cambridge, Nick Reilly has impeccable manners and a reputation as a skilled negotiator, but these are not the only attributes that have singled out this affable engineer as the potential saviour of the Vauxhall and Opel operations in Europe. Troubled bosses at the headquarters of General Motors in America are aware that Mr Reilly probably knows the business better than anyone. Source: Latest Business News from Times Online | 13 Nov 2009 | 5:01 pm On a wing and a prayerMost of the comment thus far on the British Airways merger with Iberia has focused on the impact on shareholders and passengers. As usual, the pension fund members get barely a look-in. The 100,000 Britons whose retirement hopes depend on BA continuing to honour past pension promises were barely acknowledged in the merger announcement. Source: Latest Business News from Times Online | 13 Nov 2009 | 5:01 pm FTSE back to where it was before Lehman’s fallThe FTSE 100 yesterday pushed to its highest close since the days before Lehman Brothers’ collapse, after good company news cheered investors. Source: Latest Business News from Times Online | 13 Nov 2009 | 5:01 pm Hedge fund billionaire Paulson reports new Citi stakeNEW YORK (Reuters) - Hedge fund billionaire John Paulson's firm took a stake in Citigroup , while cutting holdings in Bank of America and its interest in Goldman Sachs , according to a regulatory filing on Friday.Source: Reuters: Business News | 13 Nov 2009 | 5:00 pm Canadian Markets: Canada gains as oil, gold stocks advanceA rise in the energy group help move Canada's equity benchmark higher on Friday, with an upgrade of several energy stocks able to offset the impact of weaker crude prices.
Source: MarketWatch.com - Top Stories | 13 Nov 2009 | 4:57 pm Record rogue trader complaintsThe Office of Fair Trading receives a record number of complaints about rogue traders.Source: BBC News | Business | World Edition | 13 Nov 2009 | 4:54 pm US to seek death penalty for 9/11 suspectKhalid Sheikh Mohammed, the alleged mastermind of the September 11, 2001 attacks, and four others will be sent for prosecution in a criminal court in New York from the US military prison at Guantánamo Bay in CubaSource: Financial Times - US homepage | 13 Nov 2009 | 4:48 pm After Hours: Citi heats up, Palm extends gains in late sessionShares of Citigroup rise more than 2% after a regulatory filing shows that one of the world's largest hedge fund firms has taken a stake in the company.
Source: MarketWatch.com - Top Stories | 13 Nov 2009 | 4:46 pm S&P faces 1,100, searches for catalyst (Reuters)
Source: Yahoo! News: Stock Markets News | 13 Nov 2009 | 4:37 pm S&P faces 1,100, searches for catalystNEW YORK (Reuters) - U.S. stocks could face difficulty gaining traction next week as the S&P 500 bumps against the 1,100 mark and investors become content to cool their heels rather than risk losing gains made for the year.Source: Reuters: Business News | 13 Nov 2009 | 4:37 pm S&P faces 1,100, searches for catalyst (Reuters)
Source: Yahoo! News: Business | 13 Nov 2009 | 4:37 pm Bangladeshis rush to learn English by mobileBBC’s three-minute classes attract 300,000 and the popularity of the unprecedented service, which costs less than a cup of tea per three-minute lesson, threatened to derail it before its official launchSource: Financial Times - US homepage | 13 Nov 2009 | 4:36 pm Grandey on Nuclear Power; Moffett on Dish, Comcast: AudioSource: Bloomberg - All Podcasts | 13 Nov 2009 | 4:32 pm Earnings reports push stocks higher; Dow gains 73 (AP)
Source: Yahoo! News: Stock Markets News | 13 Nov 2009 | 3:55 pm Paulson Still in Many Financial Stocks (BAC, COF, C, GS, JPM, FITB, FHN, MI, PBCT, RF, STT, STI)John Paulson is rather notorious, and wealthy, for how much he picked up by shorting financial stocks on the way down. But the financial world found out in August that the Paulson & Co. vehicle had bought up many key financial and banking stocks. Paulson & Co. Inc. is out with a 13-F filing after [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Nov 2009 | 3:50 pm Stock rally: Two weeks and countingStocks rallied Friday to end higher for the second week in a row, amid heightened confidence that the pace of the economic recovery is gaining momentum.Source: Business and financial news - CNNMoney.com | 13 Nov 2009 | 3:44 pm Presented By:Source: Dealbreaker | 13 Nov 2009 | 3:29 pm Write-Offs: 11.13.09$$$ Heidi Moore: The Hard Fall Of Hedge Funders [NYM] $$$ Tudor Vet. To Head Hedge Funds For China Sovereign Fund [FA] $$$ Hedge Fund Clones: Better Than The Original? [The Deal] $$$ The Lloyd's Prayer [TBP] $$$ The Madoff Auction Had Everything But Underwear [Daily Intel] $$$ Jim Cramer will not be keying David Faber's car any time soon: Newsweek did something very naughty. [DB] 
 Source: Dealbreaker | 13 Nov 2009 | 3:29 pm Sulking Singapore Loses Status As Top Tax HavenTax cheats are fast running out of tax shelters. The latest to submit to international standards are Singapore and Liechtenstein. The former was removed from the OECD's "grey" list on Wednesday and the latter today, after it signed its 12th bilateral information-sharing agreement with (ugh) the French. The city-state sought to reassure the many tax-evaders who have brought their money to its spit-and-gum-free shores, but methinks they doth protest too much.
Source: Dealbreaker | 13 Nov 2009 | 3:25 pm Bair calls U.S. bank bailout "not a good thing"WASHINGTON (Reuters) - Leading U.S. bank regulator Sheila Bair said on Friday that the government's capital injections into the largest banks was "probably not a good thing."Source: Reuters: Business News | 13 Nov 2009 | 3:17 pm Bair calls U.S. bank bailout "not a good thing" (Reuters)
Source: Yahoo! News: Business | 13 Nov 2009 | 3:16 pm Attention returns to economic dataNEW YORK (Reuters) - After an $81 billion refunding this week, the U.S. government securities market turns its attention in the coming week to the state of the economy and what that portends for Federal Reserve monetary policy.Source: Reuters: Business News | 13 Nov 2009 | 3:15 pm J.C. Penney, Disney, Genzyme are big movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:Source: Yahoo! News: Stock Markets News | 13 Nov 2009 | 3:10 pm Blackstone COO sells 8.5 percent of family's holdingsPHILADELPHIA (Reuters) - Blackstone Group said on Friday its Chief Operating Officer sold $67.5 million of his stake in the private equity firm to invest in various Blackstone funds.Source: Reuters: Business News | 13 Nov 2009 | 3:09 pm Hold Your Horses
President Barack Obama sent out some of his lesser minions to make clear he wants his Federal Reserve to remain virile and whole, whether or not it's an "abysmal failure" as a bank regulator. While Dodd says his bill would "enhance" the Fed, it very clearly does not want to swallow a pill that would strip it of its power over banks and consumer finances. The White House doesn't want it to, either. The amazingly-named Austan Goolsbee warned that
Source: Dealbreaker | 13 Nov 2009 | 3:06 pm Beazer Files to Raise $750 Million (BZH)Beazer Homes USA, Inc. (NYSE: BZH) has just filed a mixed securities shelf registration that will allow it to sell securities in the amount of up to $750 million. This will allow Beazer and its subsidiaries to sell any combination of Senior Debt Securities, Subordinated Debt Securities, Common Stock, Preferred Stock, Depositary Shares, Warrants, Rights [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Nov 2009 | 3:03 pm TSX ends higher, gets lift from golds, Suncor (Reuters)Reuters - Toronto's main stock index finished higher on Friday as stronger bullion prices pushed up shares of heavyweight miners such as Barrick Gold and Goldcorp, while Suncor Energy rose on multibillion-dollar plans to boost crude production.Source: Yahoo! News: Stock Markets News | 13 Nov 2009 | 3:03 pm Intel: The power of emailsNine days after New York State Attorney General Andrew Cuomo made public emails to, from, and about current and former Intel CEOs Paul S. Otellini and Craig Barrett, Intel settled a four-year-old antitrust case that semiconductor rival AMD had filed against it.Source: Business and financial news - CNNMoney.com | 13 Nov 2009 | 3:02 pm How the major stock indexes fared on Friday (AP)AP - Encouraging earnings news from major retailers and The Walt Disney Co. drew investors back into the stock market one day after a big drop. The Dow Jones industrial average gained 73 Friday after dropping 94 on Thursday. Upbeat quarterly reports Friday from Abercrombie & Fitch Co., J.C. Penney Co. and Disney offset worries about a disappointing consumer confidence report.Source: Yahoo! News: Stock Markets News | 13 Nov 2009 | 2:59 pm Upbeat corporate news fuels Wall Street rebound (AFP)
Source: Yahoo! News: Business | 13 Nov 2009 | 2:57 pm Upbeat corporate news fuels Wall Street rebound (AFP)
Source: Yahoo! News: Stock Markets News | 13 Nov 2009 | 2:57 pm Fried Frank’s Scheler Discusses Pre-Packaged Bankruptcies:AudioSource: Bloomberg - All Podcasts | 13 Nov 2009 | 2:53 pm Podcast: Did The Cash Bring The Clunkers?
The government says cash for clunkers was a success, but not everyone agrees. (Tony The Misfit/Flickr) On today's Planet Money: Jeremy Anwyl, the chief executive of Edmunds.com, defends his company's latest report about the effectiveness of the much-hyped and recently closed Cash for Clunkers program. Edmunds found the program added only 125,000 in sales at a cost of $3.5 billion, or $24,000 per new car. Austin Goolsbee, a University of Chicago economist currently serving as a member of the Council of Economic Advisers, disagrees. His analysis puts the number of Cash for Clunkers sales closer to 450,000. And Alan Blinder, the renowned Princeton economist, takes a break from his train ride to weigh in. After the jump, bonus reading. Download the podcast; or subscribe. Music: Elvis Perkins in Dearland's "Doomsday." Find us: Twitter/ Facebook/ Flickr. Bonus Reading: Edmunds: Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold White House Blog: Busy Covering Car Sales on Mars, Edmunds.com Gets It Wrong (Again) on Cash for Clunkers Edmunds: Response to White House Comments on Cash for Clunkers Analysis » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 13 Nov 2009 | 2:53 pm There's A Possibility Corzine Will Maybe Take Over At Bank Of America (Though Not If Dick Bové Has Anything To Say About It)
Source: Dealbreaker | 13 Nov 2009 | 2:51 pm Nicolas Cage: Movie star, foreclosure victimEven Academy Award winners are suffering from financial woes this recession. Actor Nicolas Cage lost two homes in New Orleans worth a total of $6.8 million in a foreclosure auction Thursday.Source: Business and financial news - CNNMoney.com | 13 Nov 2009 | 2:47 pm Myers Analyzes Bilski Oral Argument in Patent Case: AudioSource: Bloomberg - All Podcasts | 13 Nov 2009 | 2:46 pm Stocks gain on retail hopes, Disney results (Reuters)
Source: Yahoo! News: Stock Markets News | 13 Nov 2009 | 2:37 pm BA looks beyond Iberia for new dealsBritish Airways is already eyeing further deals with other airlines after clinching its merger with Spain’s Iberia. American Airlines could be one potential candidateSource: Financial Times - US homepage | 13 Nov 2009 | 2:34 pm Kokalas Discusses U.S. Federal Sentencing Guidelines: AudioSource: Bloomberg - All Podcasts | 13 Nov 2009 | 2:30 pm First-time homebuyers leading market backPropelled by the first-time homebuyers tax credit, nearly half of home sales are now being made by first-time purchasers, according to an industry report released Friday.Source: Business and financial news - CNNMoney.com | 13 Nov 2009 | 2:28 pm Insurer Woodmen files $30M lawsuit against US Bank (AP)AP - Woodmen of the World wants U.S. Bank to pay nearly $30 million for investing some of the insurer's assets in risky mortgage-backed securities that plummeted in value instead of the conservative investments the bank promised.Source: Yahoo! News: Business | 13 Nov 2009 | 2:05 pm BA pension liability may derail Iberia dealBritish Airways has admitted that the UK pensions regulator is yet to examine let alone approve a crucial element of its proposed £4.4bn allshare merger with Spain's Iberia.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Nov 2009 | 1:58 pm What Should Maria Bartiromo's Dealbreaker Column Be About?
Source: Dealbreaker | 13 Nov 2009 | 1:57 pm Terry Smith denies 'dead gladiator' insultTerry Smith chief executive of Tullett Prebon denied in the High Court referring to his former right hand man as a "dead gladiator".Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Nov 2009 | 1:50 pm Welcome To The Post-Recession World, Europe (Sorry, England, You're Not Invited)Congratulations, Europe. Your long continental nightmare is over, and with it the late recession. We here on the other side of the Atlantic have been recession-free for some time, and let me tell you, it's been, uh, great. Sure, unemployment is continuing to rise, but that's no big deal. And the bank failures, well, they're continuing, too--120 and counting this year!--but post-recession America has a plan for that. We're building smaller houses, too, but you guys already do that, so no worries.
Source: Dealbreaker | 13 Nov 2009 | 1:44 pm Property on the up as FTSE 100 closes on a highProperty companies dominated the leaderboard as the FTSE 100 closed at its highest level since last September.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Nov 2009 | 1:30 pm BA merger is as surreal as Picasso but it could end Walsh's blue periodSpend too much time in Spain and maybe you start thinking like Picasso. Just an observation for Willie Walsh the man in the British Airways cockpit.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Nov 2009 | 1:20 pm Cleave Wars: Bloomberg Goes Public With New Strategy To Corner Business TV Market
Bloomberg TV has been around for years, but it has generally been considered too wonky for all but the wonkiest finance types. In the past year, however, the network has hired new on-air talent (most prominently Margaret Brennan, from CNBC), consolidated the eye-boggling number of crawls that used to clutter the bottom half of its screen, and expanded its coverage of general business news rather than focusing almost exclusively on high finance. "There's an audience that may have been with CNBC that's going to be attracted by the kind of presentation we're doing," says recently hired head of Bloomberg TV, David Rhodes. Is Fox Business Network A Lost Cause? [Vanity Fair] Earlier: Hottest Women In Business Television List Gets Lift
Source: Dealbreaker | 13 Nov 2009 | 1:12 pm HSBC sells Canary Wharf HQ to South Korea for £772mHSBC's Canary Wharf headquarters is to change hands for the third time in two years in one of the biggest property deals of the year.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Nov 2009 | 1:08 pm Yes, the boss can make you take sick daysDear Annie: My boss (who also owns the company I work for) has always been a hypochondriac, but lately he's gone over the edge.Source: Business and financial news - CNNMoney.com | 13 Nov 2009 | 1:07 pm Mafia rushed through gap in Berlin WallThe collapse of the Soviet bloc was seen an enormous buying opportunity for organised Italy-based crime groups, which saw the dawn of a “world without frontiers” for their activitiesSource: Financial Times - US homepage | 13 Nov 2009 | 1:03 pm Are Silicon Storage Holders Getting Enough? (SSTI)Silicon Storage Technology, Inc. (NASDAQ: SSTI) is trading up on a private equity and management-led buyout. SST is flash memory maker based in Sunnyvale, California. While the company has entered into a definitive merger agreement to be acquired for $2.10 per share, it is almost impossible not to wonder (at best) if this price is [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Nov 2009 | 1:00 pm A Golden Peak?By Daniel Costello Here's one more reason the price of gold has risen to historic levels: global gold production is falling worldwide despite its rising price and aggressive efforts by mining companies to discover fresh sources of bullion in remote locations. At an annual gold conference in London this week, the president of the world's top gold producer, Barrick Gold of Canada, said that "production peaked around 2000 and it has been in decline ever since, and we forecast that decline to continue. It is increasingly difficult to find." » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 13 Nov 2009 | 12:53 pm Hedge funds stunned by EU clampdown on bonusesHedge funds and private equity firms are reeling after an explosive EU plan to clamp down on their pay was formally published.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Nov 2009 | 12:50 pm Cop cars race to competeFord Motor Co. is firing back following General Motors' announcement that it would begin selling a police-only Chevrolet sedan in the United States in early 2011.Source: Business and financial news - CNNMoney.com | 13 Nov 2009 | 12:45 pm Goolsbee: Hurry the financial fixesAustan Goolsbee, one of the president's economic advisors, weighed in on the subject of "too big to fail," saying we might be losing our big chance to change the way the financial system works. Alisa Roth reports.Source: Marketplace | 13 Nov 2009 | 12:41 pm Government wants credit limit raiseThe current U.S. credit limit is set at $12.1 trillion, and Congress will soon have to raise the legal limit on how much money the government can borrow. As Steve Henn reports, the administration is aiming for over $13 trillion.Source: Marketplace | 13 Nov 2009 | 12:39 pm A comeback for sales of fine artSeveral art auctions over the past few weeks have been turning over healthy sales for dealers. Kai Ryssdal follows up with art advistor Richard Polsky, who had a painting this week in a Sotheby's auction.Source: Marketplace | 13 Nov 2009 | 12:36 pm Markets hit year highs on Buffett adviceStock markets on both sides of the Atlantic touched new highs for the year on the back of comments from the 'Sage of Omaha'.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Nov 2009 | 12:31 pm NZ dollar dropsThe New Zealand dollar traded in a narrow range at lower levels yesterday and investors kept a wary eye on Wall St's performance after a wobble on Thursday. The kiwi was at US73.32c by 5pm from US73.26c at 8am and US74.03c at 5pm...Source: nzherald.co.nz - Business | 13 Nov 2009 | 12:30 pm Dollar-menu costs can hurt profitsA dollar menu may seem like a great way for McDonald's to cut a profit in hard economic times, but franchisees can get grilled on food costs. Ashley Milne-Tyte explores how the fast food chain can benefit from cheaper items.Source: Marketplace | 13 Nov 2009 | 12:25 pm Asia urges Obama to refocus on free tradePresident Barack Obama is coming under growing pressure to reassert US leadership on trade when he meets Asia-Pacific leaders representing half the world economy on SundaySource: Financial Times - US homepage | 13 Nov 2009 | 12:21 pm At least Americans are buying thingsThe U.S. trade deficit shot up in its biggest monthly jump in a decade. Imbalances between what we buy from overseas and what we sell abroad can be an economic drag, so John Dimsdale takes a look at the brighter side.Source: Marketplace | 13 Nov 2009 | 12:12 pm No sex for this CitiCitigroup may no longer be on life support. But that's little consolation for the bank's numerous shareholders, a group that now includes every taxpayer in the country.Source: Business and financial news - CNNMoney.com | 13 Nov 2009 | 12:11 pm Britain lags as eurozone climbs out of recessionBritain has officially fallen behind its European neighbours after the euro area economy returned to growth in the third quarter.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 13 Nov 2009 | 12:09 pm Weekly Wrap: Another bubble?Kai Ryssdal takes a look at this week's action with Megan McArdle of the Atlantic magazine and business writer Heidi Moore.Source: Marketplace | 13 Nov 2009 | 12:09 pm Swiss take Google to court over Street ViewThe Swiss data protection watchdog is taking Google to the country’s Federal Administrative Court over an alleged failure to protect people’s privacy on its Street View serviceSource: Financial Times - US homepage | 13 Nov 2009 | 11:57 am RBS Has A New Revenue Generating Plan (And It Involves Schnapps, Karaoke, And Maybe Lap Dances)A couple weeks ago RBS announced that it would be accepting a few more billion in bailout funds from the UK government. Some employees wondered why this was necessary and today we have an answer. The Telegraph reports that the bank needs the money for booze, a karaoke machine, and dancing girls. Why? First, if you need a reason for drunk karaoke, you need to reevaluate your life and second, in all seriousness, it's because they need to get wasted on the job. The earlier the better. Senior executives have applied for a licence for alcohol to be served from 7am and to hold karaoke events on all eight storeys of their central London offices over Christmas. The bank's licence application submitted last week asks permission to provide liquor until midnight "for staff and/or guests at meetings, conferences, dinners and functions" at its £182 million City of London offices. It adds: "If there is a champagne breakfast meeting scheduled, the supply of alcohol may commence at 0700 hrs." Of course, some people, who just don't get RBS like we do, feel the need to rag on the good time and brilliant profitability scheme. Eddy Weatherill, of the Independent Banking Advisory Service, said: "Why do they need a licence to drink 365 days a year? That's more like a gentleman's club than a bank. "They must know everybody's waiting for them to get egg on their faces, yet they apply for a licence for champagne breakfasts and karaoke. "They never cease to amaze me and the public will be incensed. They will try to spin it but it's clear what's going on. It's all going to be paid for by the taxpayer in the end." Which is fine, but Ed should know he's ensured he won't be invited to take part in the lap dances.
Source: Dealbreaker | 13 Nov 2009 | 11:57 am Programmers arrested ahead of Madoff auctionTwo computer programmers from Bernard Madoff’s fraudulent investment operation were arrested on charges of falsifying Mr Madoff’s trading records to make them appear regular and above boardSource: Financial Times - US homepage | 13 Nov 2009 | 11:56 am Richard Sparks Says U.S. Stock Rally Is Sustainable: AudioSource: Bloomberg - All Podcasts | 13 Nov 2009 | 11:54 am Stop Raining On Everyone's Parade, Charles EvansHow's this for a novel approach: Try dealing with the financial crisis at hand, rather than worrying about the next one. That's the nugget of common sense offered by Charles Evans, president of the Chicago Fed, with the suspiciously socialistic backdrop of the City of Light. Like Blackrock's Larry Fink, he's sick and tired of hearing about the asset bubbles rising to the surface at home and abroad. His radical suggestion is to actually implement some of the mountain of regulatory changes prompted by the credit and financial crises of the last two years instead of going on a wild-goose chase.
Source: Dealbreaker | 13 Nov 2009 | 11:37 am Gold explorer on trackGold exploration company Glass Earth Gold says it is processing an initial bulk sample through a pilot plant designed to recover free gold at the Ophir Prospect in Central Otago. Glass Earth is involved in a 50:50 joint venture at...Source: nzherald.co.nz - Business | 13 Nov 2009 | 11:30 am European recession ends with a whimperThe eurozone escapes recession in the third quarter, with Germany's recovery gaining strength, but the rebound was less dramatic than expected and less strong than in the USSource: Financial Times - US homepage | 13 Nov 2009 | 11:26 am Elizabeth Economy Discusses Obama in China: AudioSource: Bloomberg - All Podcasts | 13 Nov 2009 | 11:20 am Career Education Raised to `Equal-Weight’ at Barclays: AudioSource: Bloomberg - All Podcasts | 13 Nov 2009 | 11:14 am A look at economic developments around the globe (AP)AP - A look at economic developments and activity in major stock markets around the world Friday:Source: Yahoo! News: Stock Markets News | 13 Nov 2009 | 11:10 am Retail experiments in bad economyBest Buy has been test marketing electric bicycles, motorcycles and Segways in 19 stores on the West Coast. Mitchell Hartman cruised his local outlet in Portland, Ore. to explore whether the gear was a stretch for the electronics retailer.Source: Marketplace | 13 Nov 2009 | 11:02 am Tess's closing words on kids and moneyTess Vigeland offers some closing advice to parents about helping their kids understand personal finances.Source: Marketplace Money | 13 Nov 2009 | 11:02 am Rock star knows about being in a jamDeath Cab for Cutie guitarist Chris Walla tells Tess Vigeland about the challenges he faced with debt earlier in his music career.Source: Marketplace Money | 13 Nov 2009 | 11:02 am Talking money with teensPersonal finance expert Beth Kobliner and her teenage daughter, Rebecca, join Tess Vigeland to discuss "The Talk" -- about money and, well, that other thing.Source: Marketplace Money | 13 Nov 2009 | 11:01 am Kids' winning essays on moneyEighth-graders Gracie Hackenberg and Avery Butler read their winning essays during the taping of the "Financial Futures" show in Portland, Ore.Source: Marketplace Money | 13 Nov 2009 | 11:01 am Comics founder draws on early lessonsMike Richardson, founder of Dark Horse Comics, talks to Tess Vigeland about comics, money and his own childhood.Source: Marketplace Money | 13 Nov 2009 | 11:01 am Families and Oompa LoompasTwo Portland families join Tess Vigeland on stage to share their philosophies on kids and money. And from the Oregon Children's Theater production of "Charlie and the Chocolate Factory," the Oompa Loompas pay a visit.Source: Marketplace Money | 13 Nov 2009 | 11:01 am This dad's money tips aren't a tall orderTess Vigeland welcomes former professional basketball player Chris Dudley of the Portland Trailblazers, who is now a certified financial planner -- and a parent of three.Source: Marketplace Money | 13 Nov 2009 | 11:01 am Discussing the basics of budgetingBeth Kobliner, author of "Get a Financial Life," joins Tess Vigeland on stage to discuss how parents can talk about money with their kids.Source: Marketplace Money | 13 Nov 2009 | 11:01 am Live in Portland, it's Marketplace MoneyMarketplace Money host Tess Vigeland opens the special live "Financial Futures" show in Portland, Ore., with the Live Wire comedy troupe.Source: Marketplace Money | 13 Nov 2009 | 11:00 am HSBC sells its group headquartersHSBC is selling its headquarters in London's Canary Wharf for £772.5m to a South Korean pension fund.Source: BBC News | Business | World Edition | 13 Nov 2009 | 11:00 am The no-cash economyBeer, lingerie, ad space and high-end electronics were some of the offerings business owners put up for swap at this week's Barter Business Unlimited holiday trade show.Source: Business and financial news - CNNMoney.com | 13 Nov 2009 | 10:53 am Sealegs wobblyAmphibious vehicle maker Sealegs Corp reported a $784,000 loss in the six months to September 30, from a $876,000 loss in the same period last year. Revenue fell 44 per cent to $4.32 million. During the half-year Sealegs invoiced...Source: nzherald.co.nz - Business | 13 Nov 2009 | 10:30 am More Madoff ArrestsBy Daniel Costello Two computer programmers who worked in the Manhattan offices where Bernard Madoff masterminded a multibillion-dollar Ponzi scheme were arrested by federal agents on charges they helped cover up the disgraced money manager's massive fraud for more than 15 years. Jerome O'Hara and George Perez, who worked on the 17th-floor of the midtown building where Madoff's investment business was run, helped construct the "house of cards" that enabled him to defraud investors over decades, the Manhattan U.S. Attorney said. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 13 Nov 2009 | 10:27 am This Week’s LinksGene Marks on who to watch to gauge the economic recovery. Mental Floss has an entertaining list of 8 Not-So-Famous Firsts. Chase CEO Jamie Dimon’s op-ed in the Washington Post disputes size limits on corporations.
Jeremy Dann on why involving customers in the labor behind a product makes them more loyal.
Source: Business Pundit | 13 Nov 2009 | 10:07 am Greenfield Sees Challenges for Disney's Growth in 2010: AudioSource: Bloomberg - All Podcasts | 13 Nov 2009 | 9:51 am AP sources: Probers eye census worker's insurance (AP)AP - Investigators trying to solve the mystery of a census taker found hanging from a tree with the word "fed" scrawled on his chest are examining whether he manipulated the scene in order to conceal a suicide and make a life insurance claim possible for his son, law enforcement officials told The Associated Press.Source: Yahoo! News: Business | 13 Nov 2009 | 9:42 am This Week’s Weird Jobs
This week’s jobs include a position for a hippy, a meat cutter, and an amateur astronaut. If none of those suit your fancy, you can be the person who provides a ladder for someone stuck in a well. No kidding: 1. Denver: Hippies with the Flow!! Our hip art company is looking for career oriented men and women who enjoy music, money and casual dress. No experience necessary. Paid training. Travel possible. Will train to management level. * Compensation: $450/wk up to $45k/yr This all sounds fine and good, but what exactly are you, the hippy, doing for $450/week? 2. Las Vegas: COURTESY PATROL OFFICER Seeking Courtesy Patrol Officers, responsible for maintaining the safety and integrity of the property. Duties required by this position are as follows: •Patrol the perimeter and exterior of the property Skills/ Requirements Applicants must be ARMED! Must be disciplined enough not to point guns at pot-smoking teenagers, hot tub poachers, and the other benign riffraff you will battle on a nightly basis.
Looking for experienced meat cutter for part time work (15-20 hours per week). We cut meat to order, and grind our own burger and sausage. Must know beef and lamb extremely well. Knowledge of pork and chicken also helpful. If you know dog, cat, or coon, please don’t mention it during your interview. 4. Alberta: Astronaut Needed Astronaut needed for experimental flight to Titan. I have been working on this project now for near 40 years and am afraid I’m no longer fit enough to go. My secret space craft is the result of my professional experience and imagination while serving the U.S. military in advanced aeronautics as a scientist. The craft harnesses a revolutionary propulsion system and its fuselage is fabricated with the most advanced material. While considerably safe, I am certain you will make it safely to Titan but there will not be enough fuel to get home. This is for someone unique that has always wanted to see the universe first-hand and has perhaps a terminal view on life here at home. Here’s your shot at romantic history. Must be: -physically fit. * Compensation: $25,000 CASH. That’s $25,000 for your life. Blow it fast, before you die on Titan. 5. Philadelphia: IN A WELL, NEED LADDER I’m offering a reward for the first person who shows up with at least a 25 foot ladder to the well off of rt. 322 and Sugarsbridge Rd. My friends won’t come because they think i’m joking. I’m definitely NOT… I have water but have not eaten in two days. Reward is negotiable depending on how quickly you get here. And FYI to the kid that threw rocks down the well at me yesterday evening, I’m going to find you and do terrible thing to you. Hoax? Perhaps, but funny. Happy Friday!
Source: Business Pundit | 13 Nov 2009 | 9:39 am Retail & Apparel Earnings Dominate Next Week (SKS, BJ, GYMB, ANN, DKS, FL, GPS, SHLD, PLCE, WTSLA, ZUMZ)It seems that earnings season is winding down, but next week we have many of the key retail and apparel players reporting earnings. Saks Incorporated (NASDAQ: SKS), BJ’s Wholesale Club Inc. (NYSE: BJ), Gymboree Corp. (NASDAQ: GYMB), and Ann Taylor Stores Corp. (NYSE: ANN) are all reporting next week. Next Thursday may feel like a [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Nov 2009 | 9:36 am Blanch Sees Gold Heading Toward $1,500 an Ounce: AudioSource: Bloomberg - All Podcasts | 13 Nov 2009 | 9:31 am Horizon profit steadyHorizon Energy Distribution reported a net profit after tax of $3.83 million for the six months to September 30, little changed from the $3.8 million in the same period last year. Revenue was $15.98 million, down from $17.24 million...Source: nzherald.co.nz - Business | 13 Nov 2009 | 9:30 am Papasavvas Sees Euro at $1.60 in One Year: AudioSource: Bloomberg - All Podcasts | 13 Nov 2009 | 9:28 am Condemnation For Eminent Domain OutcomeBy Daniel Costello In Kelo v. New London, the Supreme Court four years ago decided 5-4 that New London, Connecticut could condemn and acquire 26 acres of a neighborhood to build hotels, condos, and a Pfizer research center. The landmark case involved a white-hot controversial ruling concerning eminent domain. Historically, eminent domain has been used by governments to expand public utilities, highways, and railroads but it's increasingly being used to promote economic renewal (often coupled with tax credits to business moving in) in depressed urban environments. Soon after the ruling, New London spent nearly $80 million preparing the land but the redevelopment never got off the ground On Thursday, Pfizer dealt a final blow to the project and the struggling seaport city by announcing that 1,400 jobs would leave the area as the pharmaceutical giant scales back amid tepid sales and a lack of new drugs in its pipeline. The move will vacate a 750,000 square foot complex built in 2001 and nothing is planned in its place. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 13 Nov 2009 | 9:21 am High-risk mortgage lending rappedSome specialist mortgage lenders are so reckless that as many as 60% of their borrowers are in arrears, the City regulator says.Source: BBC News | Business | World Edition | 13 Nov 2009 | 9:20 am The changing shape of AdlandNever mind the slick world of 1960s New York depicted on TV's Madmen , we have our very own version of Adland in this country.The martini lunches are rare and you won't see an ashtray, but the industry is a highly competitive...Source: nzherald.co.nz - Business | 13 Nov 2009 | 9:00 am Software row brings Phillips back to NZFormer 1980s corporate high-flyer David Phillips, who once set up a tepee village on his Pokeno farm, is embroiled in a bitter dispute with a Maori company over a software business.Companies on both sides of the Tasman are in...Source: nzherald.co.nz - Business | 13 Nov 2009 | 9:00 am Dual-listed Kathmandu makes healthy entranceShares in outdoor equipment retailer Kathmandu debuted on the NZX yesterday at $2.22, a premium to its offer price of $2.13.Across the Tasman the dual-listed stock opened at A$1.75, above the A$1.70 Australian investors paid.Shares...Source: nzherald.co.nz - Business | 13 Nov 2009 | 9:00 am Hefner considers selling PlayboyPlayboy Enterprises, the men's magazine publisher, is in talks to sell itself to Iconix Brand Group.Iconix, the owner of the Candie's and London Fog clothing brands, has looked at Chicago-based Playboy's finances, said one of...Source: nzherald.co.nz - Business | 13 Nov 2009 | 9:00 am Brian Gaynor : It's time for regulators to take the leadA number of issues over the past few weeks clearly demonstrate that our securities markets' regulation is a mess with none of the major agencies prepared to take a clear leadership role.In a staggering development Consumer magazine...Source: nzherald.co.nz - Business | 13 Nov 2009 | 9:00 am US trade gap widens unexpectedlyThe US trade deficit widened unexpectedly in September by the largest amount in 10 years to $36.5bn, figures show.Source: BBC News | Business | World Edition | 13 Nov 2009 | 8:48 am JPMorgan's Dimon says end "too big to fail"NEW YORK (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon called the idea that any bank is too big to fail "ethically bankrupt" and said regulators should have the power to wind down even the largest lenders.Source: Reuters: Business News | 13 Nov 2009 | 8:34 am Another Sign That China Rules The World: Mercedes SalesAs another sign of the truth that most of the world’s rich people have moved to China or were born there, sales of the $150,000 Mercedes S class are now higher in the People’s Republic than in the US or Germany. According to USA Today, Mercedes CEO Dieter Zetsche says that China is its No.3 market just behind [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Nov 2009 | 8:23 am JPMorgan's Dimon says end "too big to fail" (Reuters)
Source: Yahoo! News: Business | 13 Nov 2009 | 8:22 am BA merger 'good for passengers'British Airways says its planned merger with Iberia will be good news for customers, and pledges no cuts to its service standards.Source: BBC News | Business | World Edition | 13 Nov 2009 | 7:49 am Many Key SPACs on Deck (PAX, TOH, EST, TCW, CFQCF, GQN, NSAQ, CIO)We have been given some exclusive data from SPACupdate.com on the progress of many blank check and special purpose acquisition companies which their targets and relevant trading data. Prospect Acquisition Co. (AMEX: PAX), Hicks Acquisition Co. (AMEX: TOH), Enterprise Acquisition Co. (AMEX: EST), Triplecrown Acquisition Co. (AMEX: TCW), China Fundamental Acquisition Co. (OTC: CFQCF), Global [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Nov 2009 | 7:23 am Japan's Suntory snaps up OranginaOrangina Schweppes is sold to the Japanese drinks firm Suntory for an undisclosed sum.Source: BBC News | Business | World Edition | 13 Nov 2009 | 7:15 am Today’s Best Market Rumors (11/13/2009) (PALM)(INTC)(AMD)Updated throughout the day. Updated 10.30 AM EST: PALM (NASDAQ:PALM) shares are up on speculation that Dell (NASDAQ:DELL) or Nokia (NYSE:NOK) will buy the faltering handset firm (VSInvestor) Former Goldman Sachs (NYSE:GS) CEO and New Jersey governor Jon Corzine said he has not talked to Bank of America (NYSE:BAC) about running the firm. (The Deal) Some former bank CEOs [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Nov 2009 | 7:00 am Top Day Trader Alerts (ANF, RINO, CADX, TSTC, PLA, JWN)These are this morning’s top day trader and active trader alert stocks. More detailed analysis and data has been offered via a link to each story at VSInvestor.com: Abercrombie & Fitch Co. (NYSE: ANF) is trading higher by 6% despite poor sales. RINO International Corp. (NASDAQ: RINO) is hitting new 52-week highs after strong earnings. Cadence Pharmaceuticals Inc. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Nov 2009 | 6:53 am Oil giant guilty over BuncefieldOil giant Total UK pleads guilty to three charges relating to the explosion at the Buncefield oil depot in Hertfordshire.Source: BBC News | Business | World Edition | 13 Nov 2009 | 6:36 am Morning Report: Eurozone Out of Recession; U.S. Trade Deficit Grows BiggerBy Daniel Costello Happy Friday Planet Money readers. Here are some of the highlights from this morning's business and economic news: The 16-country Eurozone has officially joined the United States and Japan out of recession, after figures Friday showed its economy grew by 0.4 percent in the third quarter. The performance was not as strong as many economists had predicted; many thought the region would grow 0.6 percent. Germany's economy grew by 0.7 percent and France's by 0.3 percent. Spain's economy continued to suffer, shrinking 0.3 percent as it reels from the collapse of its property market. As the U.S. economy rebounds, consumers are buying more but disproportionately from abroad. That led to the biggest jump in the trade deficit in a decade. The gap grew a larger-than-anticipated 18 percent to $36.5 billion in September, the highest level since January, from a revised $30.8 billion in August, the Commerce Department. Imports surged by the most in 16 years, swamping a gain in exports. And videogame retailers got a dose of good holiday news yesterday, when a bloody and controversial video game made more money in one day than any movie ever has. On Thursday, Activision said its brand-new "Call of Duty 2: Modern Warfare," which hit store shelves on Tuesday, had far surpassed the previous record for opening-day sales by an entertainment property, earning $310 million in North America and the U.K. alone. That equates to 4.7 million copies of the new game sold in those regions. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 13 Nov 2009 | 6:23 am Switzerland takes Google to courtThe Swiss privacy watchdog is taking Google to court over its Street View application.Source: BBC News | Business | World Edition | 13 Nov 2009 | 6:01 am Top 10 Analyst Upgrades, Downgrades, Initiations (ADBE, FDX, JNPR, LVS, MSFT, ORCL, QCOM, CRM, NCTY, WYNN)These are this Friday’s top early analyst upgrades, downgrades, and initiations from Wall Street research calls which may be moving shares of the underlying stocks: Adobe Systems (NASDAQ: ADBE) Started as Buy at UBS. FedEx (NYSE: FDX) Started as Overweight at Piper Jaffray. Juniper Networks (NASDAQ: JNPR) Raised to Outperform at Oppenheimer. Las Vegas Sands (NYSE: LVS) Started as [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Nov 2009 | 5:59 am Exxon: Weak Dollar Adding $20 to Oil Prices (XOM, USO)The weak dollar has definitely been a contributor to the rise in the price of gold. And it is also partly responsible for some of the oil gains that took prices back over $80 per barrel before the recent pullback. But Rex Tillerson, the CEO of Exxon Mobil Corp. (NYSE: XOM), has actually quantified this [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Nov 2009 | 5:53 am Panel names free-to-air choicesEngland's home Ashes Tests and away football qualifiers would return to free-to-air television under new recommendations.Source: BBC News | Business | World Edition | 13 Nov 2009 | 5:26 am Eurozone joyGermany scores but UK near bottom of growth tableSource: BBC News | Business | World Edition | 13 Nov 2009 | 5:02 am The Illusion of Free Choice
Source: Business Pundit | 13 Nov 2009 | 4:02 am
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