Opposition To Google (GOOG) News Likely To Badly Hurt Media Companies

News Corp (NYSE:NWS) has made a great deal of the fact that Google (NASDAQ:GOOG) News gets a major benefit by running headlines from News Corp properties including The Wall Street Journal and Fox. Google does not sell advertising on its Google News pages and links on they service send millions of visitors to media outlets [...]

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Source: 24/7 Wall St. | 23 Nov 2009 | 3:36 am

Borders bookshop looks for buyer

The Borders bookshop chain in the UK has appointed advisers to try to find a buyer for the business.
Source: BBC News | Business | World Edition | 23 Nov 2009 | 3:30 am

Eurozone activity 'accelerates'

Eurozone economic activity rose at its fastest pace in November for two years, according to an influential survey.
Source: BBC News | Business | World Edition | 23 Nov 2009 | 3:23 am

Cadbury hits record high as rival bidders circle

LONDON (Reuters) - Cadbury Plc shares hit a record high on speculation of a battle for the British confectioner between bidder Kraft Foods Inc and rivals who are considering making takeover
Source: RSS feed - channel BNewsBusiness | 23 Nov 2009 | 3:22 am

Cadbury hits record high as rival bidders circle (Reuters)

Reuters - Cadbury Plc shares hit a record high on speculation of a battle for the British confectioner between bidder Kraft Foods Inc and rivals who are considering making takeover offers, analysts said on Monday.

Source: Yahoo! News: Business | 23 Nov 2009 | 3:22 am

Price For Cadbury Bound To Get Too Expensive

M&A transactions with several bidders chasing one company often get so expensive that the winner in the auction become the later loser financially. Kraft (NYSE:KFT) has offered $16.5 billion for Cadbury. Cadbury trades at nearly $55 a share. It traded for less than half of that in March. Cadbury’s earnings do not justify the higher number. As [...]

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Source: 24/7 Wall St. | 23 Nov 2009 | 3:09 am

Banks and resource stocks lead FTSE 100

London equities made a strong start to the week, with resource stocks taking up all but one place on the list of the 10 best-performing FTSE 100 shares. A strong response to the first stage of Lloyds Banking...
Source: RSS feed - channel BNPaperBusiness | 23 Nov 2009 | 3:06 am

Metals Stocks: Gold rallies to fresh high on dollar, Iran

Gold futures rally to a new high on Monday as dollar weakness as well as escalating tensions between Iran and the west boost gold's appeal as a safe-haven asset and a hedge against inflation.

Source: MarketWatch.com - Top Stories | 23 Nov 2009 | 2:55 am

Eni to pay $1.5 bln for Heritage's Uganda assets

Italy’s Eni on Monday struck a tentative deal to buy Heritage Oil’s assets in Uganda for as much as $1.5 billion.

Source: MarketWatch.com - Top Stories | 23 Nov 2009 | 2:55 am

Economic Report: Euro-zone private-sector activity accelerates

Private-sector activity in the 16 nations that share the euro continued to accelerate out of the downturn, with purchasing managers reporting the strongest rise in activity in two years during November.

Source: MarketWatch.com - Top Stories | 23 Nov 2009 | 2:53 am

Dimon seen as successor to Geithner: report (Reuters)

Reuters - Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.
Source: Yahoo! News: Business | 23 Nov 2009 | 2:52 am

Dimon seen as successor to Geithner: report

(Reuters) - Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.
Source: Reuters: Business News | 23 Nov 2009 | 2:52 am

Wall Street buckles in for a bumpy ride

Stocks hit a bit of a snag over the past few days, and the holiday-shortened week to come won't likely help them bounce back.
Source: Business and financial news - CNNMoney.com | 23 Nov 2009 | 2:52 am

Ciena buys Nortel ops for $769 million: sources

NEW YORK/HELSINKI (Reuters) - Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia...
Source: RSS feed - channel BNewsBusiness | 23 Nov 2009 | 2:51 am

Ciena buys Nortel ops for $769 million: sources

NEW YORK/HELSINKI (Reuters) - Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia Siemens Networks in a three-day auction.
Source: Reuters: Business News | 23 Nov 2009 | 2:51 am

London Markets: Miners lead sharp gains for British shares

British shares jumped on Monday, ending a four-day run of losses, as gains for metal stocks drove a sharp advance for the commodity-heavy top index.

Source: MarketWatch.com - Top Stories | 23 Nov 2009 | 2:51 am

CBI conference: inside Britain's biggest business gathering

Louise Armitstead brings the news from today's annual CBI conference as Gordon Brown and David Cameron talk recovery.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Nov 2009 | 2:50 am

U.S. may join world stock rally

Stocks were set for a higher open Monday, joining overseas markets, as the surge in commodity prices -- including another record for gold -- continued.
Source: Business and financial news - CNNMoney.com | 23 Nov 2009 | 2:47 am

Stock futures signal gains; eyes on Kraft

(Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.8 to 1 percent.
Source: Reuters: Business News | 23 Nov 2009 | 2:41 am

Stock futures signal gains; eyes on Kraft

(Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.8 to 1 percent.
Source: RSS feed - channel BNewsBusiness | 23 Nov 2009 | 2:41 am

Stock futures signal gains; eyes on Kraft (Reuters)

Reuters - U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.8 to 1 percent.

Source: Yahoo! News: Stock Markets News | 23 Nov 2009 | 2:41 am

Stock futures signal gains; eyes on Kraft (Reuters)

Reuters - U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.8 to 1 percent.

Source: Yahoo! News: Business | 23 Nov 2009 | 2:41 am

Asia stocks mostly up as gold sparkles

Most major Asian markets end higher Monday. Metals stocks are bolstered as gold prices rally to a record.

Source: MarketWatch.com - Top Stories | 23 Nov 2009 | 2:41 am

Gold at new high as dollar slides, stocks gain (Reuters)

Reuters - Gold powered to another record high on Monday as the dollar sank, while higher commodity prices lifted world equities.

Source: Yahoo! News: Business | 23 Nov 2009 | 2:36 am

Gold at new high as dollar slides, stocks gain

LONDON (Reuters) - Gold powered to another record high on Monday as the dollar sank, while higher commodity prices lifted world equities.
Source: Reuters: Business News | 23 Nov 2009 | 2:36 am

Gold hits fresh high amid rising political tension

Global Markets Overview: Softness in the dollar and raised geopolitical tensions with Iran and the west encouraged traders to keep buying bullion
Source: Financial Times - US homepage | 23 Nov 2009 | 2:36 am

Gold hits fresh high amid rising political tension

09:35 GMT. Gold powered to another high on Monday as softness in the dollar and raised tensions between Iran and the west encouraged traders to opt for the vehicle with most momentum.A tentative session...
Source: RSS feed - channel BNPaperBusiness | 23 Nov 2009 | 2:36 am

Cadbury shares hit record on hopes for bidding war

Shares in Cadbury hit a new all-time high Monday after reports of potential offers from Nestle and Hershey sparked hopes of a bidding war for the U.K. chocolate maker.

Source: MarketWatch.com - Top Stories | 23 Nov 2009 | 2:29 am

Gold hits high on dollar weakness

The price of gold hits a new all-time high, boosted by continued concerns about the weakening dollar.
Source: BBC News | Business | World Edition | 23 Nov 2009 | 2:20 am

Economists bullish -- but not about jobs

Despite rising fears of the U.S. falling into another recession, a survey of top economists found them more optimistic about growth in the fourth quarter of this year and throughout 2010. But job seekers will have to wait a little longer for employers to start hiring again.
Source: Business and financial news - CNNMoney.com | 23 Nov 2009 | 2:16 am

Cadbury shares jump to a record high on hopes of new bidders

The maker of Dairy Milk is in demand on hopes that new bidders will enter the fray.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Nov 2009 | 2:16 am

Dell misses forecasts

Shares of Dell Inc. fell sharply following the stock market's close on Thursday, after the PC maker reported drastically lower quarterly profit and sales that badly missed Wall Street's forecasts.
Source: Business and financial news - CNNMoney.com | 23 Nov 2009 | 2:13 am

Chicago Fed chief sees 10.5 percent U.S. jobless peak: report

PARIS (Reuters) - Chicago Federal Reserve President Charles Evans expects U.S. unemployment to peak at around 10.5 percent next spring and hopefully easing to about 9.5 percent by end-2010, according to comments published on Monday.
Source: Reuters: Business News | 23 Nov 2009 | 2:10 am

BBVA set to raise Chinese bank stake

The Spanish banking group is set to invest a further €1.1bn to lift its strategic stake in China Citic Bank and cement its position as one of the leading European investors in mainland Chinese banking
Source: Financial Times - US homepage | 23 Nov 2009 | 2:08 am

Bad debt hits Northumbrian Water

Business closures in the North East left Northumbrian Water with bad debts of £1.7m in the six months to September.
Source: BBC News | Business | World Edition | 23 Nov 2009 | 2:08 am

Gold hits record above $1,167/oz as dollar slips

LONDON (Reuters) - Gold hit a record high at $1,167.35 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fuelling momentum buying after the metal's sharp run higher earlier this month.
Source: Reuters: Business News | 23 Nov 2009 | 2:05 am

Gold hits record above $1,167/oz as dollar slips

LONDON (Reuters) - Gold hit a record high at $1,167.35 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fuelling momentum buying after the...
Source: RSS feed - channel BNewsBusiness | 23 Nov 2009 | 2:05 am

Heritage axes Genel deal in $1.5bn Ugandan sale$

Heritage Oil today said that it had signed an outline deal to sell its oil fields in Uganda to Eni, the Italian energy giant, for up to $1.5 billion.$


Source: Latest Business News from Times Online | 23 Nov 2009 | 2:01 am

Bio-fuel growth raises concerns about forests

The quest for alternative energy is raising fears that too much logging debris such as limbs and bark will be removed from the nation's forests. Such material is increasingly in demand...
Source: RSS feed - channel BNewsBusiness | 23 Nov 2009 | 2:01 am

Media Digest 11/23/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The dollar may keep rising as investors close out bets on oil and the currency. Reuters:   Black Friday deals may not signal a retail comeback. Reuters:   Kraft (NYSE:KFT) is weighing a higher Cadbury bid as competition from Hershey (NYSE:HSY) and Nestle may emerge. Reuters:   A group of economists raised their estimates for US growth next year. Reuters:   Microsoft [...]

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Source: 24/7 Wall St. | 23 Nov 2009 | 1:59 am

Grape expectation

Morocco's wine makers are sniffing success
Source: BBC News | Business | World Edition | 23 Nov 2009 | 1:54 am

Rising metals end FTSE losing streak

Rising commodity prices sent mining stocks surging today and ended four days of losses on London's benchmark blue-chip index.


Source: Latest Business News from Times Online | 23 Nov 2009 | 1:53 am

Europe Markets: European shares up for first session in five

European shares jumped higher on Monday, helped by surging gold futures as deal speculation also lent a hand.

Source: MarketWatch.com - Top Stories | 23 Nov 2009 | 1:53 am

The Fed: Bullard says asset-buying program should continue

Federal Reserve Bank of St. Louis President James Bullard says the U.S. central bank should continue buying mortgage-backed securities and other assets longer than currently planned, according to an interview with Dow Jones Newswires.

Source: MarketWatch.com - Top Stories | 23 Nov 2009 | 1:49 am

Oil rises above $78 amid Iranian war games

Crude prices rose above $78 a barrel Monday in Asia as Iran staged five days of war games, boosting tensions in the oil-rich region. Benchmark crude for January delivery was up 97 cents...
Source: RSS feed - channel BNewsBusiness | 23 Nov 2009 | 1:40 am

Gaps for consumers in Democrat health care bills

For consumers, the health care bills taking final shape in Congress don't rate close to a perfect 10. The Democratic measures would leave 12 million or more eligible Americans uninsured.
Source: RSS feed - channel BNewsBusiness | 23 Nov 2009 | 1:39 am

Asia stocks mixed as figures on US economy awaited (AP)

AP - Asian stock markets were mixed Monday after a decline on Wall Street and as investors hunkered down ahead of a stream of figures that could confirm the U.S. economy is recovering at a slower pace. European shares were higher.

Source: Yahoo! News: Stock Markets News | 23 Nov 2009 | 1:39 am

Frost & Sullivan Recognizes Avaya With 2009 Unified Communications Solution Provider of the Year

SHANGHAI, Nov. 23 /PRNewswire/ -- Frost & Sullivan Best Practice Award-2009 2009 Unified Communications Solution Provider of the Year is presented to Avaya (China)...
Source: RSS feed - channel BNewsBusiness | 23 Nov 2009 | 1:32 am

FACTBOX-Reliance Industries, India's biggest conglomerate

MUMBAI, Nov 23 (Reuters) - India's Reliance Industries has made a cash offer to buy bankrupt U.S. basedpetrochemicals firm LyondellBasell Industries [ACCEIN.UL].
Source: RSS feed - channel BNewsBusiness | 23 Nov 2009 | 1:27 am

UPDATE 1-Gulf Keystone finds additional oil in Iraqi well

* Says new Triassic reserves flowed at 10,000 boe per day
Source: RSS feed - channel BNewsBusiness | 23 Nov 2009 | 1:21 am

Asia Markets And Europe Open (11/23/2009)

Market in Asia were up with Japan closed for a holiday The Hang Seng rose 1.4% to 22,773. The Shanghai Composite was up .9% to 3,339. At the open in Europe, the FTSE was up 1.3% to 5,317. The Dax rose 1.4% to 5,775. and the CAC 40 was up 1.4% to 3,782. Data from Reuters and MarketWatch. Douglas A. [...]

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Source: 24/7 Wall St. | 23 Nov 2009 | 1:21 am

JPMorgan hires Linklaters lawyer to head China unit

The financial services group hires one of Asia’s leading corporate lawyers to head its China business and lead its ambitious plans in the country
Source: Financial Times - US homepage | 23 Nov 2009 | 1:16 am

JPMorgan hires Linklaters lawyer to head China unit

JPMorgan on Monday announced the hiring of one of Asia's leading corporate lawyers to head its China business and expanded the role to lead the bank's ambitious plans in the country.The US financial services...
Source: RSS feed - channel BNPaperBusiness | 23 Nov 2009 | 1:16 am

Northumbrian falters ahead of Ofwat ruling

Northumbrian Water today became the first water group to warn that its future profits hinged on this week's crucial decision by the water regulator over price controls for the next five years.


Source: Latest Business News from Times Online | 23 Nov 2009 | 1:14 am

Heritage Oil sells Ugandan assets for 1.5bn

Heritage Oil has sold its halfshare of two sites at a basin in northwest Uganda to Italian energy giant Eni for up tp 1.5bn £910m.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Nov 2009 | 1:10 am

China broker eyes Hong Kong rival

China's Haitong Securities says it will buy a 53% stake in Hong Kong's Taifook Securities for 1.82bn Hong Kong dollars.
Source: BBC News | Business | World Edition | 23 Nov 2009 | 1:10 am

KEB shares surge on Hana Financial interest

Shares of Korea Exchange Bank surged on Monday after Hana Financial Group expressed interest in buying the bank, joining other local lenders such as KB Financial Group and Korea Development Bank.Expectations...
Source: RSS feed - channel BNPaperBusiness | 23 Nov 2009 | 1:09 am

Taiwan to curb China investment: report (AFP)

AFP - Taiwan plans to restrict Chinese stock investment in strategic sectors, as it seeks to keep control of its economy amid rapidly growing ties with the mainland, local media said Monday.

Source: Yahoo! News: Stock Markets News | 23 Nov 2009 | 1:05 am

Using the dark arts of land-use politics to defeat NIMBYs

It is a few years since Tesco, the British supermarket group, had a tricky encounter with a population of burrowing owls in California.
Source: RSS feed - channel BNPaperBusiness | 23 Nov 2009 | 1:00 am

Sears pumps cash into stock buyback

The retailer severely cuts spending on keeping its stores nice, but it shells out big to buy back shares -- at a time when other retailers have suspended their stock buyback programs.

If Sears Holdings Corp. Chairman Edward Lampert were making his Christmas wish list, you can bet that more Sears stock would be at the top of the page.

Source: L.A. Times - Business | 23 Nov 2009 | 1:00 am

United Airlines tries to fix its reputation

On-time flights were the first focus. Now all its planes, plus its airport lounges and gates, are getting a makeover.

Ruehl Bulan perches on the left rear exit of a United Airlines jet and flings seat cushions, three at a time, into the chilly October night.

Source: L.A. Times - Business | 23 Nov 2009 | 1:00 am

Investors' doubts may cause choppy trading

Shoppers' mood on Black Friday, plus reports on home sales, unemployment and consumer confidence, will be studied for insight into the direction of the economy.

Investors are heading toward the final month of the year with more questions about the economy than they had just a few weeks ago.

Source: L.A. Times - Business | 23 Nov 2009 | 1:00 am

The week ahead, at a glance

At a glance TODAY National Assn. of Realtors releases existing home sales for September.

Source: L.A. Times - Business | 23 Nov 2009 | 1:00 am

Using the dark arts of land-use politics to defeat NIMBYs

It is a few years since Tesco, the British supermarket group, had a tricky encounter with a population of burrowing owls in California.

Source: L.A. Times - Business | 23 Nov 2009 | 1:00 am

The world still can learn from Keynesian economics

Reagan-like faith in efficient markets set the stage for the financial meltdown Great crises have a way of reminding...
Source: RSS feed - channel BNPaperBusiness | 23 Nov 2009 | 1:00 am

'New Moon' sends box office soaring

The film rakes in more than double 'Twilight's' launch and breaks records, an early gift for Hollywood. Recession...
Source: RSS feed - channel BNPaperBusiness | 23 Nov 2009 | 1:00 am

Disney Studios drama might alter the industry

Chairman Rich Ross has begun restructuring operations and set in motion a plan that could pit the film unit against business partners.

If you thought President Obama moved quickly, that's nothing compared with the first 50 days of the Ross administration.

Source: L.A. Times - Business | 23 Nov 2009 | 1:00 am

Solar energy industry brings a ray of hope to the Rust Belt

Areas hard-hit by the U.S. automakers' slump are pitching themselves to green technology firms. Workers and machines that used to crank out cars are now making parts for solar and wind power plants.

At a recent solar energy conference in Anaheim, economic development officials from Ohio talked up a state that seemed far removed from the solar panels and high-tech devices that dominated the convention floor.

Source: L.A. Times - Business | 23 Nov 2009 | 1:00 am

The world still can learn from Keynesian economics

Reagan-like faith in efficient markets set the stage for the financial meltdown

Great crises have a way of reminding us that acting as though we know perfectly well what the future holds almost always leads to disaster.

Source: L.A. Times - Business | 23 Nov 2009 | 1:00 am

Malls' holiday marketing reaches new heights

Amid forecasts of weaker sales, promotion budgets soar at Los Angeles-area shopping centers.

Suspended up to 80 feet in the air, aerial performers in sparkly red outfits spiraled, somersaulted and soared above a crowd at the Beverly Center on a recent evening.

Source: L.A. Times - Business | 23 Nov 2009 | 1:00 am

United Airlines tries to fix its reputation

On-time flights were the first focus. Now all its planes, plus its airport lounges and gates, are getting a makeover. ...
Source: RSS feed - channel BNPaperBusiness | 23 Nov 2009 | 1:00 am

Disney Studios drama might alter the industry

Chairman Rich Ross has begun restructuring operations and set in motion a plan that could pit the film unit against business partners. ...
Source: RSS feed - channel BNPaperBusiness | 23 Nov 2009 | 1:00 am

'New Moon' sends box office soaring

The film rakes in more than double 'Twilight's' launch and breaks records, an early gift for Hollywood.

Recession be damned, Hollywood is on its way to what could be its merriest holiday season ever, thanks to a group of undead teenagers.

Source: L.A. Times - Business | 23 Nov 2009 | 1:00 am

The week ahead, at a glance

At a glance TODAY National Assn. of Realtors releases existing home sales for September.
Source: RSS feed - channel BNPaperBusiness | 23 Nov 2009 | 1:00 am

Manufacturers call for stability

The EEF manufacturers' organisation calls for the government to provide stability in its pre-Budget report.
Source: BBC News | Business | World Edition | 23 Nov 2009 | 12:47 am

Microsoft may pay News Corp to remove its content from Google

Microsoft has reportedly held talks with News Corp that would see the world's biggest software company pay the newspaper publisher to remove its content from Google.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 23 Nov 2009 | 12:31 am

Gerry Harvey, Rio Tinto push Aussie market higher

MELBOURNE - Bullish comments over Christmas sales by retailer Gerry Harvey and a big push into Rio Tinto shares have nudged the Australian share market higher.At the 1615 AEDT close, the benchmark S&P/ASX200 index was up 31.2...
Source: nzherald.co.nz - Business | 23 Nov 2009 | 12:25 am

Thai economy continues expansion

Thailand's economy grows for the second straight quarter, boosted by a strong recovery in the country's manufacturing sector.
Source: BBC News | Business | World Edition | 23 Nov 2009 | 12:19 am

Retirement Living: Older and looking for work? Confront the bias

Hunting for a job is never easy, particularly in labor markets like this one, but it can be even harder when your hair is going gray. But there are ways to improve your chances of landing a job, regardless of your age, in these still-uncertain times.

Source: MarketWatch.com - Top Stories | 23 Nov 2009 | 12:16 am

Michael Jackson 'moonwalk' glove goes to Macau

The shimmering white glove that the late Michael Jackson wore during the debut of his trademark moonwalk dance in 1983 will reportedly go on display at a Macau casino.

Source: MarketWatch.com - Top Stories | 22 Nov 2009 | 11:48 pm

A weekly eye on the UK economy

The chance for MPs led by John McFall to question Mervyn King looks set to be the highlight of the week writes Angela Monaghan.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 22 Nov 2009 | 11:33 pm

Microsoft, News Corp weigh web pact: source

NEW YORK (Reuters) - Microsoft Corp has had talks with News Corp about a tie up, which would involve News Corp getting paid to take its news websites off Google Inc, a source familiar with the matter said on Sunday.
Source: Reuters: Business News | 22 Nov 2009 | 11:27 pm

NZ market starts week little changed

The New Zealand sharemarket started the week flat on light volume but annual meetings and trading updates provided interest in selected stocks.The benchmark NZSX-50 index closed down 0.653 points, or 0.021 per cent, at 3112.976....
Source: nzherald.co.nz - Business | 22 Nov 2009 | 11:11 pm

Dollar closes in US 72c range

The New Zealand dollar traded at levels not seen for about two weeks but finished the session off lows.By 5pm today, the NZ dollar was buying US72.66c, little changed from the US72.47c at 8am and down from US72.95c at 5pm on Friday....
Source: nzherald.co.nz - Business | 22 Nov 2009 | 10:54 pm

U.S. business economists raise 2010 growth outlook

WASHINGTON (Reuters) - A group of U.S. business economists boosted their forecast for economic growth over the next year, but said the jobless rate will remain stubbornly high, a survey released on Monday showed.
Source: Reuters: Business News | 22 Nov 2009 | 10:32 pm

"Black Friday" deals may not signal retail comeback

CHICAGO (Reuters) - When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened, but even more bargain-hungry customers cross their thresholds.
Source: Reuters: Business News | 22 Nov 2009 | 10:31 pm

"Black Friday" deals may not signal retail comeback (Reuters)

Reuters - When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened, but even more bargain-hungry customers cross their thresholds.
Source: Yahoo! News: Business | 22 Nov 2009 | 10:31 pm

Govt sending Iwi to Copenhagen climate talks

Climate Change Minister Nick Smith says he is making no apologies for using taxpayers' money to send two Iwi Leadership Group members to the upcoming climate change talks in Copenhagen.National negotiated with the group over forestry...
Source: nzherald.co.nz - Business | 22 Nov 2009 | 10:18 pm

CEO of TV3 owner MediaWorks resigns

Brent Impey is standing down as chief executive of MediaWorks NZ Ltd, owner of TV3, at the end of the year.Chairman Brent Harman said the company would in future have chief executives of its radio and television divisions reporting...
Source: nzherald.co.nz - Business | 22 Nov 2009 | 8:45 pm

Maori Party to support ETS - bill to become law in days

The Government has reached an agreement with the Maori Party which will ensure that legislation setting up an emissions trading scheme (ETS) can be passed by Parliament this week, Climate Change Minister Nick Smith announced today.None...
Source: nzherald.co.nz - Business | 22 Nov 2009 | 8:07 pm

'Climate sceptics' stole scientist's data

A leading climate change scientist whose private emails were stolen by hackers and posted online says the leaks may have been aimed at undermining next month's global climate summit in Denmark.Kevin Trenberth, of the US National...
Source: nzherald.co.nz - Business | 22 Nov 2009 | 7:55 pm

Fed's Bullard: Keep MBS program active longer (Reuters)

Reuters - A senior Federal Reserve official said on Sunday the central bank should keep alive its mortgage-related assets purchase program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.

Source: Yahoo! News: Business | 22 Nov 2009 | 7:43 pm

Migration gain hits five year high

The annual net migration gain reached its highest figure in five years, as the global financial crisis caused a fall off in the number of people leaving.Figures published today by Statistics New Zealand (SNZ) show the net migration...
Source: nzherald.co.nz - Business | 22 Nov 2009 | 7:00 pm

Kraft weighs higher Cadbury bid as rivals circle: source

PHILADELPHIA (Reuters) - Kraft Foods Inc may raise its offer for British chocolatier Cadbury Plc or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.
Source: Reuters: Business News | 22 Nov 2009 | 6:48 pm

Kathmandu on to NZX Top 50 index

Kathmandu Holdings Ltd, the outdoor goods retailer, is replacing Methven Ltd in the NZX 50 Index.Kathmandu listed on the New Zealand and Australian stock exchanges on November 13 at a premium to its offer price.Shares in the...
Source: nzherald.co.nz - Business | 22 Nov 2009 | 6:40 pm

ACT would support ETS delay - Hide

ACT would support a six-month delay of the emissions trading scheme (ETS) so any deal could be scrutinised by a select committee before passing into law.Prime Minister John Key this morning said a government deal with the Maori...
Source: nzherald.co.nz - Business | 22 Nov 2009 | 6:34 pm

Recession 'a catalyst for change'

The recession has become the catalyst for a new era in business focusing on greater collaboration, according to the CBI.
Source: BBC News | Business | World Edition | 22 Nov 2009 | 6:10 pm

Critics condemn backtrack on plans to identify highearning bankers as 'feeble'

Britain's highestearning bankers will not be identified publicly after "feeble" backtracking that risks leaving a report into the City meaningless it was claimed last night.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 22 Nov 2009 | 5:58 pm

Kabul capital

Real estate prices in Afghanistan go through the roof
Source: BBC News | Business | World Edition | 22 Nov 2009 | 5:51 pm

With rivals in the rough, it is time to advance

There are an estimated three million golfers in the UK, and this year more than 100,000 of them will have booked a golfing holiday online with Your Golf Travel (YGF).
Source: Latest Business News from Times Online | 22 Nov 2009 | 5:01 pm

David Cameron says first Tory Budget would ‘go for growth’

David Cameron will shift tone on the economy and echo the Prime Minister by promising to “go for growth” in the first Budget under a Tory government.
Source: Latest Business News from Times Online | 22 Nov 2009 | 5:01 pm

Virtual quests lead to real love and death for World of Warcraft fans

When it began it was just a computer game. Now it is seen as a cultural force that sparks love affairs, breaks marriages and creates “sweat shops” to satisfy a black market in virtual goods.


Source: Latest Business News from Times Online | 22 Nov 2009 | 5:01 pm

National Express fundraising will test shareholder democracy

The future of National Express could be decided this week by short-selling hedge funds and the banks that have lent them 18 per cent of its stock, in what will be seen as a key test for shareholder democracy.


Source: Latest Business News from Times Online | 22 Nov 2009 | 5:01 pm

PricewaterhouseCoopers may be one of the Big Four, but it is planning to get bigger

He is certainly ambitious. Not content with PricewaterhouseCoopers being Britain’s biggest professional services group, Ian Powell, its chairman and senior partner, wants it to be heard and admired beyond the sector, influencing policy and setting practices for others to follow. He doesn’t just want it to be big — he wants it to be “iconic”.
Source: Latest Business News from Times Online | 22 Nov 2009 | 5:01 pm

Barclay brothers plan to bring Woolworths back to the high street

Woolworths could return to the high street under a plan by Shop Direct group, the owner of Littlewoods, to establish a chain of 200 stores.


Source: Latest Business News from Times Online | 22 Nov 2009 | 5:01 pm

CBI prepares to spell out the shape of things to come

The Director-General of the CBI will say today that businesses in Britain are set for the biggest root-and-branch shake-up in more than a decade.


Source: Latest Business News from Times Online | 22 Nov 2009 | 5:01 pm

Stocks may sputter with Black Friday eyed (Reuters)

Reuters - Stocks could sputter this week as volumes dry up in holiday-shortened trading and with a slew of economic reports likely to illustrate the recovery is still fragile.

Source: Yahoo! News: Stock Markets News | 22 Nov 2009 | 4:41 pm

The Ten Most Expensive Crashes In Nascar History

24/7 Wall St. looked at a very large number of Nascar crashes to assess which were the most expensive. The crashes reviewed occurred  between 2002 and the present. A Fox Sports analysis estimates that the cost of a single Nascar car is $125,000 for auto, engine, and labor. All of the teams carry multiple vehicles. Engine development programs run [...]

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Source: 24/7 Wall St. | 22 Nov 2009 | 4:21 pm

U.S. gas prices dip as drivers cut back

U.S. average gasoline prices dropped by more than 3 cents per gallon in the past two weeks as the slumping job market takes its toll on consumers, according to a nationwide survey out Sunday.
Source: Business and financial news - CNNMoney.com | 22 Nov 2009 | 4:03 pm

Microsoft and News Corp eye web pact

The software maker discusses a plan that would involve the media company being paid to ‘de-index’ its news websites from Google, setting the scene for a search engine battle
Source: Financial Times - US homepage | 22 Nov 2009 | 4:01 pm

Coca-Cola aims to triple sales in China

Coca-Cola, the world’s largest soft drinks company, is planning to more than double its number of bottling plants in China over the coming decade as part of the group’s aim to triple the size of its sales to the country’s rapidly emerging middle class
Source: Financial Times - US homepage | 22 Nov 2009 | 4:01 pm

iPhone hardball and soft sell in China

Source: Business and financial news - CNNMoney.com | 22 Nov 2009 | 2:50 pm

Fears over tough US anti-fraud legislation

Foreign companies could be sued more easily in US courts under legislation working through Congress that has led to concerns in the European Commission
Source: Financial Times - US homepage | 22 Nov 2009 | 2:28 pm

24/7 Wall St. Interview With Dan Hesse, CEO Sprint Nextel (S)

24/7 Wall St. sat down with Dan Hesse, CEO of Sprint Nextel (NYSE:S) to talk about the company’s current subsciber growth issues, the firm’s WiMax roll-out, and the future of broadband telecommunications. The interview: 24/7 Wall St: It’s obvious that Wall Street’s perception of Sprint has changed fairly markedly in just the last week, and obviously you [...]

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Source: 24/7 Wall St. | 22 Nov 2009 | 2:13 pm

Time to join the nuclear bandwagon

It's a littleknown and slightly ironic fact that when Lehman Brothers exploded last year it did so as the proud owner of 500000 pounds of yellowcake uranium: enough to make a nuclear bomb.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 22 Nov 2009 | 1:52 pm

Who Will Buy Colgate (CL) Procter & Gamble (PG)?

Colgate Palmolive (NYSE:CL) is the next likely consumer products company that will get a takeover offer. There have been rumors recently that Reckitt Benckiser, based in the UK, might be the acquirer, but the firm does not have a large enough market cap. Colgate has a $42 billion market cap. The company had $4 billion in revenue last quarter [...]

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Source: 24/7 Wall St. | 22 Nov 2009 | 1:20 pm

Investors look to data-heavy week for more clarity (AP)

AP - Investors are heading toward the final month of the year with more questions about the economy than they had just a few weeks ago.

Source: Yahoo! News: Stock Markets News | 22 Nov 2009 | 1:19 pm

Independence 'would cost banks billions' says OECD

Britain's biggest banks would have to raise tens of billions more pounds to achieve complete independence from state support new research shows.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 22 Nov 2009 | 1:07 pm

Borders in talks over future as administration looms

Book chain Borders is in talks over its future amid fears it will be put into administration this week.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 22 Nov 2009 | 1:05 pm

Site sale ends Tesco stratagem

Five years after first being ordered to by competition authorities Tesco has sold the site of a former Coop store it purchased and then knocked down in an apparent attempt to stave off a challenge to its own nearby hypermarket.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 22 Nov 2009 | 1:01 pm

Should TARP Recipients Fund Foreign Business Takeovers Of US Firms?

The Royal Bank of Scotland (NYSE:RBS) has had Cadbury as a corporate client for decades. The financial firm agreed to help fund Kraft’s (NYSE:KFT) potential buy-out of Cadbury. RBS’s ownership is currently controlled by the UK government. A number politicians have raised the issue of why a bank which the British taxpayers own in large part [...]

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Source: 24/7 Wall St. | 22 Nov 2009 | 12:55 pm

Ebay site crashes due to surge in listings

Millions of shoppers unable to use website in run-up to Christmas after computer systems failure
Source: Financial Times - US homepage | 22 Nov 2009 | 11:47 am

Apple (AAPL) App’s Biggest Enemy–China

Apple (NASDAQ:AAPL) is counting on its relationship with China Unicom (NASDAQ:CHU) to drive iPhone sales in a nation which already has over 500 million mobile subscribers. The head of Unicom said he expects the iPhone to take 10% of China’s 3G users by the end of 2012 when the company forecasts there will be 240 million 3G customers [...]

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Source: 24/7 Wall St. | 22 Nov 2009 | 11:45 am

Splits widen for Democrats over health reform

President Barack Obama’s mission to reform US healthcare vaulted another legislative hurdle over the weekend, but the scramble to secure his own party’s votes sheds light on the messy compromises that may be needed to get it to the finish line
Source: Financial Times - US homepage | 22 Nov 2009 | 11:44 am

Bets rise on rich country bond defaults

The mounting level of debt in the industrialised world is prompting investors to use the derivatives market to bet on the chance of rich governments defaulting on bonds
Source: Financial Times - US homepage | 22 Nov 2009 | 11:27 am

Ahmadi-Nejad tests Brazilian diplomacy

Critics say the visit will lend legitimacy to Tehran as it faces intense international pressure led by the US over its nuclear ambitions and alleged support for terrorism
Source: Financial Times - US homepage | 22 Nov 2009 | 11:26 am

How to make money in 2010

Like most Americans, you're probably pledging to save more next year -- already savers are socking away cash at a better pace than they have in years (3.7% of income recently, up from just 0.2% in early 2008).
Source: Business and financial news - CNNMoney.com | 22 Nov 2009 | 10:23 am

Does AT&T turn into a pumpkin in June?

Source: Business and financial news - CNNMoney.com | 22 Nov 2009 | 9:50 am

Goodbye, price tags

In 2001, Sunit Saxena made a midnight run to the grocery store for wonton wrappers. When he couldn't find any, he went looking for a clerk. The aisles were empty. He discovered the workers holed up in a back room tearing price tags off merchandise to reprice it for the next day.
Source: Business and financial news - CNNMoney.com | 22 Nov 2009 | 5:40 am

Rebuilding from real estate rubble

Semper fidelis, the U.S. Marine Corps motto, means "always faithful" in Latin. As a young grunt serving at Camp Lejeune, N.C., Duane Draughon learned to remain loyal to the mission -- "whatever the cost," he says.
Source: Business and financial news - CNNMoney.com | 22 Nov 2009 | 5:38 am