Cisco’s (CSCO) Tandberg Gamble That Video Quality Pays

Cisco (NASDAQ:CSCO) has decided to gamble that it can get reluctant Tandberg shareholders to support a buy-out of their company by raising its offer for the European company to $3.4 billion. That is a 10% improvement over Cisco’s previous offer. A number of Tandberg investors lined up against the first deal saying it valued the company [...]

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Source: 24/7 Wall St. | 16 Nov 2009 | 3:35 am

Intel settles with AMD

In yesterday's settlement of AMD's worldwide antitrust claims against Intel, Intel agreed to pay $1.25 billion to AMD. In addition, the two companies renewed a longstanding patent cross-licensing deal, but with Intel agreeing to delete language from it that -- as Intel interpreted it -- was restricting AMD's ability to outsource fabrication of its semiconductors to nonsubsidiaries.
Source: Business and financial news - CNNMoney.com | 16 Nov 2009 | 3:35 am

Planemakers predict better times

The world's two biggest planemakers, Airbus and Boeing, both forecast a recovery in demand next year.
Source: BBC News | Business | World Edition | 16 Nov 2009 | 3:33 am

Cisco ups Tandberg bid, says has more than 40 percent backing (Reuters)

Reuters - U.S. network equipment maker Cisco has raised its bid for Norwegian video conferencing equipment maker Tandberg, backed by holders of more than 40 percent of its shares, few of whom had warmed to its previous bid.
Source: Yahoo! News: Business | 16 Nov 2009 | 3:32 am

Weaker dollar hits Airbus owner

European aerospace giant EADS, the owner of Airbus, reports a quarterly loss of 87m euros as the weak dollar hits its results.
Source: BBC News | Business | World Edition | 16 Nov 2009 | 3:30 am

China's FDI flows up 5.7% in October

Foreign direct investment into China rises for a third straight month in October, adding to a recent batch of upbeat data showing the economy is picking up steam, according to a media report Monday.



Source: MarketWatch.com - Top Stories | 16 Nov 2009 | 3:29 am

Cisco lifts Tandberg bid to $3.4 billion

Cisco Systems on Monday increased its bid for Norway's Tandberg to 19 billion Norwegian kroner ($3.4 billion), as the U.S. networks giant seeks to overcome resistance from shareholders of the Norwegian videoconferencing company.



Source: MarketWatch.com - Top Stories | 16 Nov 2009 | 3:28 am

Dollar relapse pushes gold to new peak

Global Markets Overview: The price of gold hit another record as the dollar resumed its downward trend, helping a number of stock markets to claim fresh highs for 2009
Source: Financial Times - US homepage | 16 Nov 2009 | 3:23 am

EADS swings to loss, remains uncertain on charges

Airbus parent EADS says Monday that it swung to an 87 million euro ($130 million) loss in the third quarter, hit by rising costs and the impact of unfavorable foreign exchange rates.



Source: MarketWatch.com - Top Stories | 16 Nov 2009 | 3:17 am

Stocks ready to roll

U.S. stocks appeared ready for a strong start Monday, as investors maintained an upbeat view on the economic recovery ahead of a key report on retail sales.
Source: Business and financial news - CNNMoney.com | 16 Nov 2009 | 3:13 am

Japan GDP Moves Up At 4.8% Annual Rate

 By Douglas A. McIntyre Japan’s GDP rose at an annual rate of 4.8% in the quarter ending September 30th. Most analysts had forecast a figure below 3%. It is not entirely clear how much of the increase is due to government stimulus, and how much is due to “organic” activity including consumer spending and exports. Capital [...]

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Source: 24/7 Wall St. | 16 Nov 2009 | 3:12 am

Persimmon says homes sales rising

The UK housing market is continuing to recover, the UK's largest house builder by volume, Persimmon, says.
Source: BBC News | Business | World Edition | 16 Nov 2009 | 3:11 am

Europe new car registrations rise 11.2% in October

New passenger car registrations in Europe up 11.2% last month, as growth in Western Europe driven by fleet renewal incentives outweighs a sharp contraction in the eastern markets, according to data released on Monday.



Source: MarketWatch.com - Top Stories | 16 Nov 2009 | 3:09 am

Why 'say on pay' won't work

Waiting for investors to slam the breaks on runaway executive pay? Don't hold your breath. Although Congress may give shareholders more of a say on pay soon, big money managers seem content to keep their mouths shut.
Source: Business and financial news - CNNMoney.com | 16 Nov 2009 | 3:07 am

London Markets: Miners jump in higher FTSE 100 index

London shares gain on Monday, with the focus on metal stocks as gold hits a fresh high and investors welcome an update from platinum miner Lonmin.



Source: MarketWatch.com - Top Stories | 16 Nov 2009 | 3:05 am

Asia stocks sparkle after gold; banks hurt Tokyo

Asian markets ended mostly higher Monday, with another record high for gold boosting shares of miners, but Japanese shares made limited gains on concerns about potential capital raisings from banks.



Source: MarketWatch.com - Top Stories | 16 Nov 2009 | 3:04 am

How True Religion jeans got started

My dad was in the clothing business and moved to L.A. with a New York apparel company when I was 20. I asked if I could work for him. He said, "Why don't you get a job in textiles first and learn the industry?"
Source: Business and financial news - CNNMoney.com | 16 Nov 2009 | 3:01 am

Sony (SNE) Throws Cold Water On The Holidays

Sony (NYSE:SNE) expects its holiday sales to be poor. That is terrible news for the consumer electronics and PC industries. Sony is a nearly perfect proxy for those sectors. It sells PCs, video games, TV screens, and digital cameras. Many of Sony’s competitors will have to gird for another harsh holiday selling season, unless the forecast from the big [...]

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Source: 24/7 Wall St. | 16 Nov 2009 | 3:00 am

It's a long overdue apology from the regulator

Those lucky winners of the Euro lottery will now be able to get paid for doing nothing if they so wish. They could stick their £45m winnings in a bestbuy savings account paying around 5pc and sit back and rake in more than £6000 a day in interest alone.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Nov 2009 | 2:50 am

UPDATE 1-TTM to buy Meadville printed circuit board business

Nov 16 (Reuters) - Electronics manufacturer TTM Technologies Inc agreed to buy Hong Kong's Meadville Holdings Limited's printed circuit board (PCB) business for about $521 million in a cash and stock...
Source: RSS feed - channel BNewsBusiness | 16 Nov 2009 | 2:48 am

As investors sweat, Japan firms pump out shares

TOKYO (Reuters) - The likely $15.5 billion share issuance by Mitsubishi UFJ Financial Group and Hitachi Ltd is the latest blow to Japan's long-suffering investors, but it won't be the last.

Source: Reuters: Business News | 16 Nov 2009 | 2:48 am

GM Will Start To Repay US, May Return Loans By Mid-2011

GM will almost certainly make a $1.2 billion payment to the US and Canada on its $6.7 billion senior note from the Treasury and Canadian government, probably in December. The $6.7 billion is the entire sum of money owed to the governments.  Eighty-five percent of the money will be paid to the US with the balance going to [...]

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Source: 24/7 Wall St. | 16 Nov 2009 | 2:46 am

Stock futures signal gains; retail sales eyed (Reuters)

U.S. flags hang on the facade of the New York Stock Exchange, October 8, 2009. REUTERS/Chip EastReuters - Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.84 percent, Dow Jones futures up 0.57 percent and Nasdaq 100 futures up 0.55 percent at 0925 GMT (4:25 a.m. EST).



Source: Yahoo! News: Business | 16 Nov 2009 | 2:46 am

Stock futures signal gains; retail sales eyed (Reuters)

U.S. flags hang on the facade of the New York Stock Exchange, October 8, 2009. REUTERS/Chip EastReuters - Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.84 percent, Dow Jones futures up 0.57 percent and Nasdaq 100 futures up 0.55 percent at 0925 GMT (4:25 a.m. EST).



Source: Yahoo! News: Stock Markets News | 16 Nov 2009 | 2:46 am

Stock futures signal gains; retail sales eyed

(Reuters) - Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.84 percent, Dow Jones futures up 0.57 percent and Nasdaq 100 futures up 0.55 percent at 0925 GMT (4:25 a.m. EST).

Source: Reuters: Business News | 16 Nov 2009 | 2:46 am

Gold hits new record high on dollar weakness

Gold prices hit a fresh record high above 1130 an ounce on Monday and traders reported fund buying with a weak dollar offering additional support.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Nov 2009 | 2:46 am

Bonus crackdown plan 'dangerous'

A plan to give a UK watchdog powers over bank pay is a "dangerous route to go down", a former RBS chairman says.
Source: BBC News | Business | World Edition | 16 Nov 2009 | 2:43 am

FTSE 100 forges higher on gold

Miners led this morning's FTSE 100 leader board, as soaring gold prices helped the FTSE 100 advance 36.54 points ahead to reach 5,332.92 shortly after London opened.


Source: Latest Business News from Times Online | 16 Nov 2009 | 2:41 am

Hitachi to raise $4.6 billion to boost capital; stock falls

TOKYO (Reuters) - Mired with losses, Japan's biggest electronics group by sales, Hitachi Ltd, is raising up to $4.6 billion to cut debt as it seeks to turnaround its sprawling businesses and also invest in new growth drivers.

Source: Reuters: Business News | 16 Nov 2009 | 2:38 am

Firms 'struggle to get finance'

Access to finance remains a problem for small and medium-sized firms in the UK, a business group says.
Source: BBC News | Business | World Edition | 16 Nov 2009 | 2:36 am

GM said to begin repaying aid by year-end

General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount by 2011, four years ahead of schedule, according to a person familiar with the matter.



Source: L.A. Times - Business | 16 Nov 2009 | 2:33 am

Canon buys Dutch Oce for $1.1 billion, fights Ricoh (Reuters)

Reuters - Japan's Canon plans to buy Dutch copier and printer maker Oce for 730 million euros ($1.09 billion) as it tries to return to growth after the global downturn and fight rival Ricoh.
Source: Yahoo! News: Business | 16 Nov 2009 | 2:31 am

Canon buys Dutch Oce for $1.1 billion, fights Ricoh

TOKYO/AMSTERDAM (Reuters) - Japan's Canon plans to buy Dutch copier and printer maker Oce for 730 million euros ($1.09 billion) as it tries to return to growth after the global downturn and fight rival Ricoh.

Source: Reuters: Business News | 16 Nov 2009 | 2:31 am

UPDATE 3-Canon buys Dutch Oce for $1.1 bln, fights Ricoh

* Deal worth 1.5 bln euros including debt, other obligations
Source: RSS feed - channel BNewsBusiness | 16 Nov 2009 | 2:29 am

UPDATE 3-Canon buys Dutch Oce for $1.1 bln, fights Ricoh

* Deal worth 1.5 bln euros including debt, other obligations
Source: RSS feed - channel BNewsBusiness | 16 Nov 2009 | 2:29 am

Japan extra stimulus likely, GDP fails to convince

TOKYO (Reuters) - Japan's government inched toward agreeing new stimulus measures that could be worth $30 billion on Monday as economic growth is likely to slow next year due to sluggish personal spending and rising inventories.

Source: Reuters: Business News | 16 Nov 2009 | 2:24 am

Quarter of people hide debt from family

One in four people are hiding debts from their friends or family a survey showed today.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Nov 2009 | 2:21 am

6 double-dip recession warning signs

The recovery from the Great Recession has likely started. But many economists are worried about falling into another downturn.
Source: Business and financial news - CNNMoney.com | 16 Nov 2009 | 2:17 am

GM to start paying back Uncle Sam

Read full story for latest details.
Source: Business and financial news - CNNMoney.com | 16 Nov 2009 | 2:14 am

Green energy

Why are coal and oil firms investing in Bolivian rainforest?
Source: BBC News | Business | World Edition | 16 Nov 2009 | 2:07 am

Empyrean Energy encounters more fractures at Texan well

Nov 16 (Reuters) - Oil and gas explorer Empyrean Energy Plc said the Quinn 3H well at its Riverbend project in Texas, United States, encountered additional significant and minor fractures.
Source: RSS feed - channel BNewsBusiness | 16 Nov 2009 | 2:02 am

Asos profits lifted as young shoppers buy more clothes online

Asos the online fashion retailer reported a rise in firsthalf profits as 1624 year olds bought more clothes.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Nov 2009 | 2:02 am

Media Digest 11/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Ohio Attorney General is suing a number of Wall St. firms. Reuters:   GM will start to repay part of its debt to the US. Reuters:   Citigroup (NYSE:C) will sell Bellsystem to Bain. Reuters:   Japan’s GDP numbers were leaked. Reuters:   Japan’s growth is still modest and the government may have a second stimulus. Reuters:   Fed’s Hoenig sees great weakness [...]

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Source: 24/7 Wall St. | 16 Nov 2009 | 2:00 am

UPDATE 1-Tandberg shares suspended pending statement

* Bourse: Tandberg statement expected "relatively shortly"
Source: RSS feed - channel BNewsBusiness | 16 Nov 2009 | 1:57 am

Europe Markets: Miners lead fourth day of gains in Europe

European shares rose in early trading Monday, with miners advancing as the dollar weakened and broker upgrades lent a hand. H&M down on sales figures, and Vivendi lower on increased bid for Brazil firm.



Source: MarketWatch.com - Top Stories | 16 Nov 2009 | 1:57 am

Wall Street: All eyes on the consumer

Investors will brace for a spate of economic reports this week with their fingers crossed that there is more good news than bad since that will set the tone for the remaining seven weeks of the year.
Source: Business and financial news - CNNMoney.com | 16 Nov 2009 | 1:44 am

Persimmon's orders for new homes swells by 50%

Persimmon, Britain's second biggest housebuilder, said that it had seen a recovery in sales volumes which meant that its order book for 2010 was 50 per cent ahead of this time last year.


Source: Latest Business News from Times Online | 16 Nov 2009 | 1:40 am

Currencies: Dollar slips against major rivals in Asian trading

The dollar slipped against major rivals in Asian trading Monday, pressured by stepped-up rhetoric from China, better-than-expected Japanese growth data and rising gold futures.



Source: MarketWatch.com - Top Stories | 16 Nov 2009 | 1:33 am

Global recovery ‘carries new risk of price surge’

Conditions are ripe for a fresh surge in food prices as the global economy recovers, says the senior United Nations agriculture official
Source: Financial Times - US homepage | 16 Nov 2009 | 1:30 am

Declining Vegas casinos see reasons for hope

The hard data points are at best mixed, but as the casino industry gathers for its annual Global Gaming Expo here this week, operators are seeing glimmerings of hope that the worst -- at least for this downturn -- may finally be over for suffering Sin City.



Source: MarketWatch.com - Top Stories | 16 Nov 2009 | 1:30 am

Indonesia forestry laws curbing geothermal-industry

JAKARTA, Nov 16 (Reuters) - Indonesia needs to relax its laws to make it easier to explore for geothermal energy in protected forests if it is going to meet a target of lifting electricity demand from...
Source: RSS feed - channel BNewsBusiness | 16 Nov 2009 | 1:28 am

Asia Markets And Europe Open (11/16/2009)

Most markets in Asia rose sharply. The Nikkei was up .2% to 9,791. Mitsubishi UFJ (NYSE:MTU) fell. The Hang Seng rose 1.7% to 22,944. The Shanghai Composite was up 2.7% to 3,275. At the open in Europe, The FTSE was up .7% to 5,332. Rio Tinto (NYSE:RTP) rose. The Dax was up 1.2% to 5,752. The CAC 40 rose [...]

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Source: 24/7 Wall St. | 16 Nov 2009 | 1:26 am

Majestic Wine gets sales boost from people drinking at home

Majestic Wine reported a 9pc rise in firsthalf profit and said sales increased thanks to demand from customers buying wine to drink at home.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Nov 2009 | 1:26 am

UPDATE 1-William Demant raises H2 sales, EBIT outlook

COPENHAGEN, Nov 16 (Reuters) - Danish hearing aid maker William Demant on Monday raised its forecast for sales and operating profits in the second half of this year on the back of stabilising markets...
Source: RSS feed - channel BNewsBusiness | 16 Nov 2009 | 1:25 am

UPDATE 1-Victoria Oil & Gas finds gas sands in Cameroon

* To apply for 35-year exploitation, production licence
Source: RSS feed - channel BNewsBusiness | 16 Nov 2009 | 1:22 am

Google (GOO) Settles With Authors, Publishers

Google (NASDAQ:GOOG), book authors and publishers had until midnight to provide a federal court with a plan to settle differences on how the search engine digitizes and charges for books. The group waited until the last minute to get its proposed settlement to the courthouse. The new agreement may address government concerns about Google’s earlier [...]

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Source: 24/7 Wall St. | 16 Nov 2009 | 1:19 am

Apple: Court Rules Psystar Cannot Sell Mac Knock-Offs

In a court case that began last year, Apple (NASDAQ:AAPL) charged the young upstart Psystar, which makes Mac knock-offs, with a host of copyright and trademark violations. The venerable computer and consumer electronics company said that Psystar had infringed its copyrights by selling PCs that looked like Macs and ran slightly modified versions of its [...]

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Source: 24/7 Wall St. | 16 Nov 2009 | 1:15 am

Metals Stocks: December gold futures climb above $1,130

Gold futures look set to extend their gains, as further weakness in the U.S. dollar helps fuel safe-haven buying, lifting the December contract to a fresh high above $1,130 an ounce.



Source: MarketWatch.com - Top Stories | 16 Nov 2009 | 1:11 am

UPDATE 1-Serica renegotiates credit facility

* Facility to refinance outstanding debt on Kambuna field (Adds details)
Source: RSS feed - channel BNewsBusiness | 16 Nov 2009 | 1:07 am

A weekly eye on the UK economy

The minutes of the Bank of England's last meeting should be the standout event of the week beginning November 16 writes Angela Monaghan
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Nov 2009 | 1:07 am

IMF chief Dominique StraussKahn says world needs stronger Chinese currency

Dominique StraussKahn head of the International Monetary Fund added to pressure on Beijing to let its currency rise saying a stronger yuan and more Chinese consumer spending are needed to ease global economic imbalances and assure growth.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Nov 2009 | 1:01 am

Market volatility is expected to continue

The wide swings are fueled by competing visions of the recovery and how the latest economic reports boost one or the other.

There's a tug of war in the financial markets between investors who believe the economy is on its way to a strong recovery and those who believe a rebound will be slow and bumpy.



Source: L.A. Times - Business | 16 Nov 2009 | 1:00 am

CalPERS to weigh tougher disclosure rules

Its board will consider requiring investment managers to reveal more about their relationships with placement agents and imposing stiffer penalties on those that don't disclose.

Amid a growing public uproar over the way it invests its money, the California Public Employees' Retirement System is expected to toughen its 6-month-old policy requiring outside investment managers to more fully disclose their relationships with the intermediaries who pitch their products.



Source: L.A. Times - Business | 16 Nov 2009 | 1:00 am

Comcast aspires to be a major global communications player

The cable TV giant's efforts to buy NBC Universal would give it two prizes that would put it on the same level as Disney, Viacom, Time Warner and Fox: a movie studio and broadcast network.

For more than a decade, Brian Roberts, the scion running the country's largest cable television system, has envisioned transforming his company into more than just a collection of -- as Wall Street calls cable -- "dumb pipes."



Source: L.A. Times - Business | 16 Nov 2009 | 1:00 am

Tony Hawk's latest game adds skateboard trick

He talks to The Times about his first title in two years as well as the unique sensor-board controller and $120 price tag that go with it.

Tony Hawk, the former professional skateboarder and the name behind a billion-dollar video game franchise, hasn't had a runaway hit in a while.



Source: L.A. Times - Business | 16 Nov 2009 | 1:00 am

Healthcare bills could jeopardize states' consumer protection laws

Opening the door for insurers to sell policies across state lines could allow health plans to avoid tougher requirements in places like California.

Healthcare overhaul bills working their way through Congress could jeopardize laws in California and other states that require insurers to pay for treatments such as AIDS testing, second surgical opinions and reconstructive surgery for breast cancer patients.



Source: L.A. Times - Business | 16 Nov 2009 | 1:00 am

'2012' spells doom for its competition at the box office

The end-of-the-world epic takes in $65 million in the U.S. and Canada and $225 million worldwide. Disney's 'Christmas Carol' finishes a distant second.

Even the Maya would have struggled to forecast an opening weekend this big.



Source: L.A. Times - Business | 16 Nov 2009 | 1:00 am

Mutual interests bind Chinese, U.S. economies

When President Obama embarks on a round of bilateral meetings with the Chinese leadership in Beijing today, he'll be laboring under a heavy burden of history and politics.



Source: L.A. Times - Business | 16 Nov 2009 | 1:00 am

BRIEF-Oslo Bourse suspends trade in Tandberg shares

* Suspends trade in Tandberg shares pending announcement
Source: RSS feed - channel BNewsBusiness | 16 Nov 2009 | 12:59 am

BA cabin crew begin vote on Christmas strike

British Airways' (BA) cabin crew will today begin a vote to decide whether to strike over Christmas as new working practices come into force.


Source: Latest Business News from Times Online | 16 Nov 2009 | 12:49 am

Japan reinforces emergence from recession

Government stimulus and vigorous exports propelled Japan’s economy unexpectedly higher in the third quarter, though the government is believed to be just hours away from declaring officially that the country has again fallen prey to deflation.


Source: Latest Business News from Times Online | 16 Nov 2009 | 12:38 am

Fed's Hoenig says significant weakness in economy

ABU DHABI (Reuters) - A Federal Reserve official said on Monday that the U.S. economy still faced "significant weaknesses" and urged policymakers to allow large financial institutions to fail if needed.

Source: Reuters: Business News | 16 Nov 2009 | 12:22 am

Fed's Hoenig says significant weakness in economy (Reuters)

Reuters - A Federal Reserve official said on Monday that the U.S. economy still faced "significant weaknesses" and urged policymakers to allow large financial institutions to fail if needed.
Source: Yahoo! News: Business | 16 Nov 2009 | 12:22 am

Pearl to award chairman Ron Sandler shares worth €2.6m FT reports

Pearl the insurer that specialises in running closed life funds is to award shares worth €2.6m £2.3m to new chairman Ron Sandler the Financial Times reported.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 Nov 2009 | 12:20 am

Quiet day on sharemarket

The New Zealand sharemarket posted modest gains in a fairly muted start to the new trading week.The benchmark NZX-50 index closed up 15.823 points, or 0.501 per cent, at 3173.967, after ending last week with a 13.9-point fall...
Source: nzherald.co.nz - Business | 16 Nov 2009 | 12:12 am

Asia stocks rise after US retail news; gold climbs (AP)

U.S. flags hang on the facade of the New York Stock Exchange, October 8, 2009. REUTERS/Chip EastAP - Asian stock markets advanced Monday as better-than-expected news about U.S. retailers buoyed confidence in world's largest economy and gold prices hit a new record.



Source: Yahoo! News: Stock Markets News | 15 Nov 2009 | 11:59 pm

BA strike ballot papers sent out

The Unite union is to ballot British Airways workers on strike action, although a legal challenge to new schedules is still in the courts.
Source: BBC News | Business | World Edition | 15 Nov 2009 | 11:51 pm

TUC urges Government to cap tax relief for high earners

The Government should cap the amount of tax relief given to high earners the TUC has said claiming the move could raise £10bn a year.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Nov 2009 | 11:50 pm

Japan's economy continues growing

Strong figures for a second quarter in a row confirm Japan's recovery from recession, showing a 1.2% boost over three months.
Source: BBC News | Business | World Edition | 15 Nov 2009 | 11:48 pm

British Airways cabin crew begin voting on Christmas strike

Thousands of British Airways cabin crew started voting today on whether to launch a preChristmas strike in protest at "farreaching" changes to working practices.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 15 Nov 2009 | 11:36 pm

Champion seeks Chapter 11 for U.S. operations

NEW YORK/BANGALORE (Reuters) - Champion Enterprises Inc said on Sunday the company and its domestic operating subsidiaries filed for bankruptcy, and that it hopes to go through a court-supervised sale of its U.S. operations.

Source: Reuters: Business News | 15 Nov 2009 | 11:26 pm

Citi to sell Bellsystem stake to Bain for $1 billion

TOKYO (Reuters) - Citigroup Inc said on Sunday it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to U.S. private equity firm Bain Capital for 93.5 billion yen ($1 billion).

Source: Reuters: Business News | 15 Nov 2009 | 11:18 pm

Citi rejects Terra Firma's latest bid to save EMI: report

(Reuters) - Citigroup Inc recently rejected a proposal from Guy Hands' private equity firm Terra Firma Capital Partners to restructure the debt of music group EMI , the Wall Street Journal said on Monday.

Source: Reuters: Business News | 15 Nov 2009 | 11:16 pm

Good day for NZ dollar

The New Zealand dollar got off to a strong start to the week and commentators are calling the currency higher.By 5pm today the NZ dollar was buying US74.29c, little changed from US74.33c at 8am, and up from US73.32c at 5pm on...
Source: nzherald.co.nz - Business | 15 Nov 2009 | 10:40 pm

GM to start repaying $6.7 billion U.S. government loan: source (Reuters)

Reuters - General Motors Co. will announce on Monday it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements, a source knowledgeable about the situation said.
Source: Yahoo! News: Business | 15 Nov 2009 | 10:31 pm

GM to start repaying $6.7 billion U.S. government loan: source

WASHINGTON (Reuters) - General Motors Co. will announce on Monday it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements, a source knowledgeable about the situation said.

Source: Reuters: Business News | 15 Nov 2009 | 10:31 pm

Japan grows at fastest pace in over two years

Japan’s economy grew at a stronger than expected annualised rate of 4.8 per cent in the third quarter, as fiscal stimulus supported consumer spending and net exports rose
Source: Financial Times - US homepage | 15 Nov 2009 | 10:09 pm

Economists predict end to property tax perks

Some tightening of tax rules surrounding property is inevitable, ANZ economists say.In ANZ's weekly Market Focus newsletter, they said that while prices in the housing market may be up, volumes and average days to sell had stabilised...
Source: nzherald.co.nz - Business | 15 Nov 2009 | 9:00 pm

Banking watchdog fields twice as many complaints

Interest rate volatility, the failure of sophisticated investment instruments and general financial hardship were key drivers of a near doubling of complaints to the banking Ombudsman in the 2008/09 year.The office received 1888...
Source: nzherald.co.nz - Business | 15 Nov 2009 | 8:30 pm

Confidence in housing stays high, says ASB survey

New Zealanders are still optimistic about the state of the housing market, according to an ASB survey.Chief economist Nick Tuffley said the majority of respondents still see now as a good time to buy a house with a net 48 per...
Source: nzherald.co.nz - Business | 15 Nov 2009 | 8:00 pm

Brits steaming over NZ-made cheddar

British dairy farmers have been stirred up by the disclosure that much of the cheddar cheese in their local supermarkets was actually made in New Zealand, Latvia and Ireland.Cheddar was traditionally made near England's Cheddar...
Source: nzherald.co.nz - Business | 15 Nov 2009 | 7:30 pm

Selling Detroit: May the best ad win


Source: Business and financial news - CNNMoney.com | 15 Nov 2009 | 7:14 pm

China says Fed policy threatens global recovery

The US Federal Reserve is fuelling ‘speculative investments’ and endangering global recovery through loose monetary policy, a senior Chinese official warned ahead of President Barack Obama’s arrival in China
Source: Financial Times - US homepage | 15 Nov 2009 | 7:14 pm

Producers' prices fall as dairy prices soar

Producers' output and input prices fell in the September quarter, both influenced by falling dairy prices.Data from Statistics New Zealand (SNZ) today showed the producers price index (PPI) outputs index fell 1.4 per cent, while...
Source: nzherald.co.nz - Business | 15 Nov 2009 | 7:00 pm

Aust stocks open higher

SYDNEY - The Australian sharemarket opened 0.8 per cent higher in a broad-based rally on Monday after US stocks and metals prices gained on Friday.At 1011 AEDT, the benchmark S&P/ASX200 index was up 37.8 points, or 0.8 per cent,...
Source: nzherald.co.nz - Business | 15 Nov 2009 | 6:13 pm

Two charged for hiding Madoff's Ponzi scheme

NEW YORK - Federal prosecutors say that two former employees for Bernard Madoff programmed an old IBM computer to generate false records that concealed the crooked financier's massive Ponzi scheme and were given hush money when...
Source: nzherald.co.nz - Business | 15 Nov 2009 | 6:00 pm

Air NZ first to get Airbus 'sharklets'

Air New Zealand will be the launch customer for 2.4m tall, fuel-saving wingtips that Airbus SAS is introducing on all its future A320-family jetliners, the European aircraft-maker announced today.The first new wingtips will appear...
Source: nzherald.co.nz - Business | 15 Nov 2009 | 5:31 pm

Union demands details of Kraft’s plan for Cadbury

Unite, the union representing Cadbury workers, has written to Irene Rosenfeld, the chief executive of Kraft, demanding more details about its plans for the British confectioner if its £9.8 billion bid is successful.


Source: Latest Business News from Times Online | 15 Nov 2009 | 5:01 pm

Another year of pay freezes expected across UK

Pay freezes will be imposed across half of British industry next year, it was suggested yesterday.The latest employment trends survey from the CBI, the business leaders’ organisation, and Harvey Nash, the recruitment company, shows that half of employers plan to freeze pay in 2010. Only 4 per cent plan inflation-beating rises.
Source: Latest Business News from Times Online | 15 Nov 2009 | 5:01 pm

Investors move out of cash to plough money into higher-earning bonds

Wealthy investors sitting on large piles of cash have taken a further £2 billion out of cash and moved it into stock and bond funds.
Source: Latest Business News from Times Online | 15 Nov 2009 | 5:01 pm

Defending the most profitable square feet in the pub

Although gambling is sometimes referred to as recession-proof, leisure machine operators still face the same challenges as other businesses at this time. Revenues generated from gaming machines in public houses can contribute upwards of 25 per cent of their net profit. When you are in the business of generating such a significant proportion of your customers’ profits, times of economic downturn prove the opportunity for strong operators to excel.
Source: Latest Business News from Times Online | 15 Nov 2009 | 5:01 pm

Move over Wogan, state-of-the-art radios are here

Most people turn on the radio to hear a little music, the news or perhaps the latest instalment of The Archers — but technology is about to change all that. A new device in the shops this week is expected to be the forerunner of radios that, alongside Terry Wogan, will offer a host of digital services, including electricity monitoring and security services.
Source: Latest Business News from Times Online | 15 Nov 2009 | 5:01 pm

Business big shot: David Mayhew

With a buyout in the bag, David Mayhew could be expected to walk away from the City and spend more time pursuing passions such as fly-fishing and his herd of pedigree cattle. He is, after all, 69. But he is widely expected to want to carry on at Cazenove, where he has worked for 40 years, and that is likely to be welcomed by JP Morgan.
Source: Latest Business News from Times Online | 15 Nov 2009 | 5:01 pm

Hermes sends warning to VW

Hermes, the UK pension fund, has strongly criticised Volkswagen’s plan to take over Porsche and threatened to take further action if demands for more transparency are not met
Source: Financial Times - US homepage | 15 Nov 2009 | 4:33 pm

Stocks market only as strong as latest data (AP)

FILE - In this Aug. 18, 2009 file photo, Bob Kunkel of Niagara Falls, N.Y., loads driveway sealer into his trunk at Home Depot in Williamsville, N.Y. Home Depot Inc., Target Corp. and TJX Cos. are reporting third-quarter earnings this week. (AP Photo/David Duprey, File)AP - There's a tug of war in the financial markets between investors who believe the economy is on its way to a strong recovery and those who believe a rebound is likely to be slow and bumpy.



Source: Yahoo! News: Stock Markets News | 15 Nov 2009 | 4:02 pm

Caterpillar warns on OTC regulation

US manufacturers could be hampered from creating jobs and contributing to the economic recovery if Congress presses ahead with plans to curb the use of “over-the- counter” derivatives
Source: Financial Times - US homepage | 15 Nov 2009 | 3:39 pm

TPG investors can cut exposure to financial fund

TPG is giving its investors a chance to sharply reduce their commitments to its specialised financial fund, highlighting the difficulties that private equity firms seeking to buy distressed banks are facing in the wake of the financial crisis
Source: Financial Times - US homepage | 15 Nov 2009 | 3:39 pm

JPMorgan to take full control of Cazenove

The US investment bank is set to take full control of the 190-year old stockbroker as part of the 2004 agreement that saw the British stockbroker enter into a joint venture with JPMorgan
Source: Financial Times - US homepage | 15 Nov 2009 | 2:32 pm

SGX raps banks’ ‘dark pools’

The Singapore exchange has criticised the banks’ dark pools as ‘opaque’ systems that prevented investors from seeing prices
Source: Financial Times - US homepage | 15 Nov 2009 | 11:52 am

Obama rules out Copenhagen treaty

Barack Obama conceded that December’s Copenhagen summit would not produce a legally binding agreement to tackle global warming, in a move that prompted groans of disappointment from environmental groups
Source: Financial Times - US homepage | 15 Nov 2009 | 11:43 am

Apple relents on bobble head reps!


Source: Business and financial news - CNNMoney.com | 15 Nov 2009 | 11:05 am

Madoff's Mets jacket sells for ... $14,500

It was a very good day for the victims of Bernie Madoff. Several hundred of his former possessions were auctioned off in New York City on Saturday, and most of them sold for prices that crushed their high estimates.
Source: Business and financial news - CNNMoney.com | 15 Nov 2009 | 11:04 am

S&P faces 1,100, searches for catalyst (Reuters)

U.S. flags hang on the facade of the New York Stock Exchange, October 8, 2009. REUTERS/Chip EastReuters - U.S. stocks could face difficulty gaining traction this 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: Yahoo! News: Stock Markets News | 15 Nov 2009 | 8:50 am

Earnings Duel on Deck: Lowe’s vs. Home Depot (LOW, HD)

This week’s earnings calendar is going to be dominated mostly by retail earnings, but early in the week you have the home improvement and building material wars with earnings first out of Lowe’s Companies Inc. (NYSE: LOW) on Monday and then Home Depot Inc. (NYSE: HD) on Tuesday. We have compiled estimates from Thomson Reuters, made [...]

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Source: 24/7 Wall St. | 15 Nov 2009 | 8:46 am

'Reckless' bankers face bonus cut

Bankers who take "reckless" and "excessive" risks could be stripped of future bonuses, the government says.
Source: BBC News | Business | World Edition | 15 Nov 2009 | 8:23 am

Apec leaders drop climate target

Asia-Pacific leaders say it will not be possible to reach a climate change deal ahead of the UN conference in Copenhagen.
Source: BBC News | Business | World Edition | 15 Nov 2009 | 8:16 am

China Pushes US To Raise Interest Rates Which Would Undermine Recovery

The Federal Reserve and most economists believe that keeping US interest rates at near zero has been critical to the recovery of the American economy. Even with rates at historically low levels, banks and financial companies have been stingy in their lending practices because of the fear of risk from providing capital to people and businesses whose financial [...]

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Source: 24/7 Wall St. | 15 Nov 2009 | 5:49 am

China: Low US interest rates threaten recovery (AP)

AP - China's top bank regulator said Sunday the weakening U.S. dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices and threatening the global economic recovery.
Source: Yahoo! News: Stock Markets News | 15 Nov 2009 | 5:07 am