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Banks win on overdraft fees caseMillions of bank customers hoping to be refunded overdraft charges are struck a blow in a Supreme Court judgement.Source: BBC News | Business | World Edition | 25 Nov 2009 | 3:36 am Revision to UK economic shrinkageThe UK economy contracted at a slower pace than originally estimated between July and September, shrinking by 0.3%.Source: BBC News | Business | World Edition | 25 Nov 2009 | 3:34 am Pru withdraws from equity release marketInsurance giant Prudential is pulling out of the equity release market in a move that puts 100 jobs at risk, it has emerged.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Nov 2009 | 3:33 am Starbucks (SBUX) Goes To ChinaStarbucks (NASDAQ:SBUX) wants to follow Wal-Mart (NYSE:WMT), McDonald’s (NYSE:MCD), Dell (NADSAQ:DELL) and hundreds of other large American companies into China. It is the promised land for consumer spending. The middle class in the world’s most populous nation is growing at an extraordinary rate, even with a modest slowdown in its rapidly rising GDP. Wang Jinlong, the head [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Nov 2009 | 3:31 am Asia markets stage a rebound, Shanghai climbs 2.1%Asian shares ended mostly higher Wednesday after a volatile session that saw many markets change direction at least once, with Japanese stocks climbing on exporters after a strong set of trade data for October.
Source: MarketWatch.com - Top Stories | 25 Nov 2009 | 3:28 am Bank overdraft charges: key dates in the battleHigh Street banks have won their appeal over unauthorised overdraft charges. Here are some key dates in the fight against the fees:Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Nov 2009 | 3:21 am Economic Report: U.K. third-quarter GDP fall shaved slightlyBritain's GDP contracts by 0.3% in the third quarter.
Source: MarketWatch.com - Top Stories | 25 Nov 2009 | 3:21 am Will your hometown be a boomtown again?Since the crash, we've gotten used to thinking of real estate as a market shaped by national forces: Interest rates went down, Wall Street and homebuyers went nuts, regulators fell asleep at the switch, and -- voilà -- we had ourselves a bubble.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 3:19 am The Federal Reserve Speaks With Forked TongueThe minutes of The Federal Reserve Board and the Federal Open Market Committee for November 3 and November 4 are a study in contradiction and perhaps even confusion. Members of the committee almost all agreed that the economy is getting better. That is hard to find in the numbers. Consensus estimates for unemployment next year run [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Nov 2009 | 3:17 am Stocks poised to riseU.S. stocks are poised to open higher Wednesday, with investors looking to a wave of economic reports, although trading could be choppy ahead of the Thanksgiving holiday.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 3:13 am What Congress can do to create jobsThe economy is not out of the woods, and Congress is feeling pressure to do something about it.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 3:10 am LinkedIn co-founder sees IPO likely, but not soonLONDON (Reuters) - LinkedIn, the world's biggest professional social network, will probably pursue an initial public offering some time but not in the near future, co-founder and executive chairman Reid Hoffman told Reuters.Source: Reuters: Business News | 25 Nov 2009 | 3:10 am British banks win landmark overdraft rulingSupreme Court rules in favour of the High Street banks in a row over overdraft fees, delivering a blow for thousands who had hoped to recoup charges.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Nov 2009 | 2:59 am The Bank Regulation Tower Of BabelFDIC chair Sheila Bair, who would appear to be one of the less important members of the government’s financial team, at least compared to the Secretary of the Treasury and chief of the Fed, yesterday strongly suggested that secured creditors at the largest banks including repurchase agreement lenders and the Federal Home Loan Bank system bear losses [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Nov 2009 | 2:56 am France Telecom, TDC to merge Swiss operationsSwiss subsidiaries Orange Switzerland and Sunrise Communications to merge as part of $2.3 billion deal.
Source: MarketWatch.com - Top Stories | 25 Nov 2009 | 2:56 am Banks win legal battle on overdraft chargesTens of millions of customers hoping for refunds on overdraft charges were left disappointed today after Britain's high street banks won a landmark case. Source: Latest Business News from Times Online | 25 Nov 2009 | 2:54 am Porsche faces huge loss on VW stakePorsche on Wednesday said it expected a loss of up to several billion euros in the current year from a possible revaluation of its majority stake in Volkswagen. Hans Dieter Ptsch, VW's chief financial...Source: RSS feed - channel BNPaperBusiness | 25 Nov 2009 | 2:54 am Crude oil prices firm before US energy reportWorld oil prices rose slightly on Wednesday as traders awaited the weekly US energy report and digested slower-than-expected third-quarter American economic growth. New York's main...Source: RSS feed - channel BNewsBusiness | 25 Nov 2009 | 2:52 am London Markets: Compass Group and miners gain in higher LondonCompass Group and miners help British shares advance, with the catering firm boosted by results while miners got a boost from higher commodity futures.
Source: MarketWatch.com - Top Stories | 25 Nov 2009 | 2:52 am British economy shrinks by 0.3% in third quarterBritain's recession-hit economy shrank by a better-than-expected 0.3 percent in the third quarter of 2009, compared with output in the previous three months, revised official data showed onSource: RSS feed - channel BNewsBusiness | 25 Nov 2009 | 2:50 am London Stock Exchange says profits plungeThe London Stock Exchange announced on Wednesday that six-month net profits nosedived by almost 40 percent, as a result of depressed markets and increasing competition. Net earnings...Source: RSS feed - channel BNewsBusiness | 25 Nov 2009 | 2:45 am UPDATE 1-GW Pharma posts FY profit* Says Bayer to pay 10 mln stg after UK approval of SativexSource: RSS feed - channel BNewsBusiness | 25 Nov 2009 | 2:42 am Slumping car sales hit Johnson Matthey profitPlatinum refiner reports a 20% drop in fiscal first-half profit.
Source: MarketWatch.com - Top Stories | 25 Nov 2009 | 2:40 am Oil rises above $76 amid weak demand, dollar dropOil prices rose above $76 a barrel Wednesday in Asia as investors mulled whether signs of a sluggish U.S. economy and weak crude demand justify a further sell-off this week. Benchmark...Source: RSS feed - channel BNewsBusiness | 25 Nov 2009 | 2:35 am Global stocks rise; gold at record high (Reuters)
Source: Yahoo! News: Business | 25 Nov 2009 | 2:35 am Global stocks rise; gold at record high (Reuters)
Source: Yahoo! News: Stock Markets News | 25 Nov 2009 | 2:35 am Global stocks rise; gold at record highLONDON (Reuters) - World stocks rose while gold hit another record high and the dollar weakened on Wednesday after Federal Reserve minutes expressed confidence in the durability of the U.S. economic recovery.Source: Reuters: Business News | 25 Nov 2009 | 2:35 am UK recession eased more than first thoughtThe UK economy came slightly closer to pulling out of recession in the third quarter than first estimated, new figures showed today.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Nov 2009 | 2:34 am UK GDP revised up but Britain stays in recessionHopes that Britain had climbed out of recession were dashed again today when the Office for National Statistics (ONS) confirmed the country is still in a slump. Source: Latest Business News from Times Online | 25 Nov 2009 | 2:34 am Asia stocks post muted gains amid growth concerns (AP)
Source: Yahoo! News: Stock Markets News | 25 Nov 2009 | 2:33 am Asia stocks post muted gains amid growth concernsAsian stock markets rose modestly Wednesday in a session damped by evidence that recovery in the world's biggest economy is likely to be slow and bumpy. European shares were higher. The...Source: RSS feed - channel BNewsBusiness | 25 Nov 2009 | 2:33 am PGNiG says buying into Petrolinvest far-away dealWARSAW, Nov 25 (Reuters) - The deal between Polish gas monopoly PGNiG and oil venture Petrolinvest concerns cooperation, with capital ties only a future possibility, PGNiG deputy chief Miroslaw Szkaluba...Source: RSS feed - channel BNewsBusiness | 25 Nov 2009 | 2:28 am Currencies: Dollar slips against rivals; Vietnam devalues dongThe dollar slips against its major rivals in Asian trading, while Vietnam’s currency takes center stage as the country’s central bank says it will again devalue the dong.
Source: MarketWatch.com - Top Stories | 25 Nov 2009 | 2:27 am Chinatrust could pull out of Nan Shan dealTaiwan's Chinatrust Financial on Wednesday said it could cancel an agreement to buy 30 per cent of Nan Shan Life Insurance after the island's financial regulator failed to approve its application for a...Source: RSS feed - channel BNPaperBusiness | 25 Nov 2009 | 2:25 am Harvey Nash warns on profits amid jobs dearthHarvey Nash, the recruitment group, warned today warned on full-year profits as companies continued to put off hiring new staff amid the recession. Source: Latest Business News from Times Online | 25 Nov 2009 | 2:21 am Metals Stocks: Gold futures tap another fresh high of $1,180/ozGold futures climbed to a fresh record of $1,180 an ounce Wednesday, after a report that India is open to buying more gold from the International Monetary Fund drew even more investors into the bullion market.
Source: MarketWatch.com - Top Stories | 25 Nov 2009 | 2:20 am Competition in cash equities hits LSEThe London Stock Exchange on Wednesday called on Euroclear, the clearing house, to make a "significant reduction" in its billing to banks as interim revenues fell 9 per cent on tough competition in its...Source: RSS feed - channel BNPaperBusiness | 25 Nov 2009 | 2:17 am Gold hits new peak as dollar edges lowerGlobal Markets Overview: Another high for gold as bullion looks like being the only major asset capable of displaying any meaningful momentumSource: Financial Times - US homepage | 25 Nov 2009 | 2:12 am Gold hits new peak as dollar edges lower09:10 GMT. Another day, another high for gold. The precious metal took advantage of a softening dollar to hit a fresh peak of $1,179.80 an ounce.The bullion was aided by it seemingly being the only major...Source: RSS feed - channel BNPaperBusiness | 25 Nov 2009 | 2:12 am Health perks for the unemployedUnder the weather and out of a job? You could be eligible for free health services like flu shots and prescription drug refills.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 2:11 am Facebook gives founder Mark Zuckerberg more control with new share structureFacebook, the popular social networking site, has created a dual-class share structure designed to give founder Mark Zuckerberg and other shareholders control over the company.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Nov 2009 | 2:03 am Europe Markets: Europe up second time in 3 days; miners higherEuropean shares rose for the second time in three days on Wednesday, as miners advanced as commodity futures were higher, UBS spoke out to ease bank-capital-level worries, and deal making emerged in the telecom sector.
Source: MarketWatch.com - Top Stories | 25 Nov 2009 | 2:02 am Profit leaps 32% at U.K. catering group CompassCost savings and new contract wins also offset diminishing volumes.
Source: MarketWatch.com - Top Stories | 25 Nov 2009 | 2:02 am Qinetiq warns profits to fall shortDefence group Qinetiq will fall short of its earlier profit expectations, it announced on Wednesday, blaming delays to large contracts from the UK government and continued uncertainty over US policy in...Source: RSS feed - channel BNPaperBusiness | 25 Nov 2009 | 2:01 am No lending, no recoveryIn an ominous sign for the recovery, bank loans are drying up faster than ever.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 2:01 am Hold your nose: garlic is best investment in China (Reuters)
Source: Yahoo! News: Stock Markets News | 25 Nov 2009 | 1:59 am Areva T&D execs oppose sale to French bidders* Ask if sale to foreign bidder would disadvantage FranceSource: RSS feed - channel BNewsBusiness | 25 Nov 2009 | 1:52 am Roche CEO sees group outpacing market in 2009-paperZURICH, Nov 25 (Reuters) - Swiss drugmaker Roche's pharma and diagnostics units will significantly outpace the market this year, the group's head was quoted as saying in an interview on Wednesday.Source: RSS feed - channel BNewsBusiness | 25 Nov 2009 | 1:49 am LSE profit down 40% as competition bitesThe London Stock Exchange reports a 40% drop in fiscal first-half net profit as rising competition from other trading platforms hit its equities business.
Source: MarketWatch.com - Top Stories | 25 Nov 2009 | 1:47 am Media Digest 11/25/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: Chinese banks must raise large sums of capital which could test equity markets. Reuters: AIG’s (NYSE:AIG) CEO had his pay package approved. Reuters: The Fed sees growth but substantial policy risks. Reuters: The Washington Post (NYSE:WPO) closed all of its US bureaus. Reuters: More shoppers plan Black Friday visits. Reuters: Starbucks (NASDAQ:SBUX) sees China as its next key market. Reuters: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Nov 2009 | 1:44 am London Stock Exchange hit by increased competitionThe London Stock Exchange reported a 37pc slump in profits in the face of strong competition and difficult markets.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Nov 2009 | 1:42 am Danish DUC North Sea oil output falls in OctCOPENHAGEN, Nov 25 (Reuters) - The Danish Underground Consortium's (DUC) oil output from Denmark's part of the North Sea fell by 8.7 percent in October from September, operator A.P. Moeller-Maersk said...Source: RSS feed - channel BNewsBusiness | 25 Nov 2009 | 1:36 am World Bank approves Mexico loanThe World Bank approves a $1.5bn loan to support Mexico's economic stimulus packages.Source: BBC News | Business | World Edition | 25 Nov 2009 | 1:33 am Water company pledges floods helpUnited Utilities, the firm which supplies water to Cumbria, promises to help the flood damaged region return to normal.Source: BBC News | Business | World Edition | 25 Nov 2009 | 1:25 am Compass helps London shares head northLondon equities made progress on Wednesday, helped by a warm reception for strong growth in annual profit at Compass Group, the caterer. The FTSE 100 rose 40 points to 5,362.77 on a day which many investors...Source: RSS feed - channel BNPaperBusiness | 25 Nov 2009 | 1:22 am Asia Markets And Europe Open (11/25/2009)Markets in Asia were higher. The Nikkei rose .4% to 9,442. Mitsubishi UFJ (NYSE:MTU) wsa down. Sony (NYSE:SNE), Toyota (NYSE:TM), and Honda (NYSE:HMC) rose. The Hang Seng was up .7% to 22,590. The Shanghai Composite was up 2.1% to 3,291. At the open in Europe, the FTSE was up .8% to 5,366. The Das rose .9% to 5,824. The [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Nov 2009 | 1:21 am France Telecom and TDC to merge Swiss unitsThe consolidation of Europe's mobile telecommunications sector accelerated on Wednesday with the merger of the Swiss operations of France Tlcom and Denmark's TDC. The combination of France Telecom's Orange...Source: RSS feed - channel BNPaperBusiness | 25 Nov 2009 | 1:17 am LSE profits fall 37 per cent amid tough competitionThe London Stock Exchange (LSE) reported a 37 per cent fall in interim pre-tax profits today amid increasing competition from other share trading platforms while fewer company floats took their toll on revenues. Source: Latest Business News from Times Online | 25 Nov 2009 | 1:05 am Compass serves up 36pc rise in profitsCompass, the British catering group, reported a 36pc rise in full-year pretax profit boosted by new business wins, cost cutting and a weak pound.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Nov 2009 | 1:02 am Bank charges ruling: timeline of main eventsThe Supreme Court ruling on the fairness of bank charges are fair stems from an Office of Fair Trading investigation beginning in 2007.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Nov 2009 | 1:01 am Business BriefingAIG chief's pay package is approvedSource: RSS feed - channel BNPaperBusiness | 25 Nov 2009 | 1:00 am Parents beware: Hazardous toys may still wind up on store shelvesAre toys safer now? Sure, say federal regulators and Mattel, the world's biggest toy maker. But a study from a consumer watchdog group and my recent trip to the Toy District cast serious doubts.As the holiday shopping season kicks into high gear this week, it's a good time to ask: Are the toys we're buying any safer than they were a couple of years ago, when millions of playthings were recalled because of high lead levels and other hazards?
Source: L.A. Times - Business | 25 Nov 2009 | 1:00 am Hope for a strong economic rebound is fadingGrowth last quarter was less than initially estimated. The Federal Reserve doesn't expect the economy to pick up steam until 2011, despite huge stimulus spending and low interest rates. ...Source: RSS feed - channel BNPaperBusiness | 25 Nov 2009 | 1:00 am Hope for a strong economic rebound is fadingGrowth last quarter was less than initially estimated. The Federal Reserve doesn't expect the economy to pick up steam until 2011, despite huge stimulus spending and low interest rates.The economy is improving according to most yardsticks, but fresh evidence emerged Tuesday that the path to revival could resemble a Thanksgiving holiday road trip -- long, slow and stressful.
Source: L.A. Times - Business | 25 Nov 2009 | 1:00 am Earnings RoundupWarner Music Group reports surprise loss despite strong lineupWarner Music Group Corp. posted an unexpected loss in its fiscal fourth quarter as severance costs weighed on results despite a strong slate of music releases from artists including Jay-Z and Madonna.
Source: L.A. Times - Business | 25 Nov 2009 | 1:00 am September's weak gain in home prices could be ominousThe Standard & Poor's/Case-Shiller index of 20 U.S. cities rises 0.3% from August, but some experts say the recovery is fading.U.S. home prices rose in September for the fifth month in a row, a closely watched national index showed Tuesday, but the scant improvement suggests that the nascent housing recovery may be fading after a summer's worth of steady gains.
Source: L.A. Times - Business | 25 Nov 2009 | 1:00 am Business BriefingAIG chief's pay package is approved
Source: L.A. Times - Business | 25 Nov 2009 | 1:00 am Tesla near deal to build cars in DowneyThe City Council is expected to vote on an agreement that could clear the way for the electric vehicle maker to build a factory on the site of the former space shuttle plant.Downey is hoping that for electric-car maker Tesla Motors Inc., the third time is a charm.
Source: L.A. Times - Business | 25 Nov 2009 | 1:00 am GM's sale of Saab falls throughSwedish automaker Koenigsegg Group cancels its proposed acquisition, marking another failure by General Motors to sell off some of its automotive brands. Closing Saab is now a possibility.General Motors Co.'s plan to sell its Saab unit to a specialty Swedish automaker has collapsed, frustrating another attempt by GM to prune its roster of automotive brands and potentially spelling the end of the Saab brand.
Source: L.A. Times - Business | 25 Nov 2009 | 1:00 am CalPERS probes oversight of two outside hedge fund advisorsThe firms were working without required contracts. The official who oversees the pension fund's $5.8-billion hedge fund portfolio reportedly was disciplined.California's huge public employee pension fund, under scrutiny after suffering billions of dollars in investment losses, is now investigating its own oversight of hedge fund deals.
Source: L.A. Times - Business | 25 Nov 2009 | 1:00 am Parents beware: Hazardous toys may still wind up on store shelvesAre toys safer now? Sure, say federal regulators and Mattel, the world's biggest toy maker. But a study from a consumer watchdog group and my recent trip to the Toy District cast serious doubts. ...Source: RSS feed - channel BNPaperBusiness | 25 Nov 2009 | 1:00 am New share structure at FacebookSocial networking site Facebook creates a dual-class share structure to give its owners full control over the company.Source: BBC News | Business | World Edition | 25 Nov 2009 | 12:54 am Microsoft CFO to leave, look for bigger jobNEW YORK (Reuters) - Microsoft Corp's Chief Financial Officer Chris Liddell is to leave the company at the end of the year, indicating that he is looking for a bigger job at another company.Source: Reuters: Business News | 25 Nov 2009 | 12:53 am Cost cuts lift profits at CompassCatering firm Compass reports annual profits up by more than a third, helped by a cost-cutting programme.Source: BBC News | Business | World Edition | 25 Nov 2009 | 12:50 am Improvement in Japanese exportsJapan's exports fell at their slowest annual rate in a year in October, indicating the country is emerging from recession.Source: BBC News | Business | World Edition | 25 Nov 2009 | 12:29 am Aussie stocks close in the blackPERTH - The Australian share market closed in the black on thin trading volumes amid a lack of key economic data and as the United States prepares for its Thanksgiving holiday on Thursday.The benchmark S&P/ASX200 index was up...Source: nzherald.co.nz - Business | 25 Nov 2009 | 12:10 am GM's Saab sale collapses as Swedish buyer pulls outGeneral Motors's deal to sell Saab collapsed on Tuesday when the buyer pulled out, in a move that threatens a 60-year-old Swedish vehicle brand with closure after mounting losses.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Nov 2009 | 12:06 am UK economy probably came closer to leaving recession than first estimatedThe UK economy probably came closer to pulling out of recession in the third quarter than first estimated, economists expect new estimates of GDP to show today.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 Nov 2009 | 11:12 pm Market makes small gain on light tradingThe New Zealand sharemarket edged ahead today in quiet trading with capital raisings and fixed interest offerings said to be continuing to soak up demand.The benchmark NZSX-50 index closed up 7.778 points, or 0.25 per cent, at...Source: nzherald.co.nz - Business | 24 Nov 2009 | 11:07 pm Dollar follows resurgent Aussie dollar higherThe New Zealand dollar rose today in sympathy with a resurgent Australian dollar after an upbeat economic assessment from an Australian central banker.The Australian dollar rose to US92.55c at 5pm from US91.82c at 8am after a...Source: nzherald.co.nz - Business | 24 Nov 2009 | 10:20 pm Hanover Finance says it doesn't know about other offersHanover Finance said it has not received an offer from another party and is committed to take the proposal from Allied Farmers to Hanover investors.A week ago listed rural services and finance company Allied Farmers proposed to...Source: nzherald.co.nz - Business | 24 Nov 2009 | 9:25 pm Starbucks sees China as next key market after U.S.SHANGHAI (Reuters) - Starbucks will see China become the company's next major market after the United States in the near future, the firm's China chairman said on Wednesday.Source: Reuters: Business News | 24 Nov 2009 | 8:23 pm Starbucks sees China as next key market after U.S. (Reuters)Reuters - Starbucks will see China become the company's next major market after the United States in the near future, the firm's China chairman said on Wednesday.Source: Yahoo! News: Business | 24 Nov 2009 | 8:23 pm World Bank: Raising rates quickly may cause slump: reportSINGAPORE (Reuters) - Swift interest rate hikes aimed at containing inflation in product and asset prices could cause another downturn in the slowly recovering economies of the United States and Europe, the head of the World Bank said.Source: Reuters: Business News | 24 Nov 2009 | 7:47 pm World Bank: Raising rates quickly may cause slump: report (Reuters)Reuters - Swift interest rate hikes aimed at containing inflation in product and asset prices could cause another downturn in the slowly recovering economies of the United States and Europe, the head of the World Bank said.Source: Yahoo! News: Business | 24 Nov 2009 | 7:47 pm Smartphone wars, a year laterSource: Business and financial news - CNNMoney.com | 24 Nov 2009 | 7:40 pm FDIC fund falls into red, Bair urges lendingWASHINGTON (Reuters) - The government-run fund that safeguards U.S. bank deposits tumbled to a negative balance of $8.2 billion in the third quarter, as the number of problem banks surged by a third to 552.Source: Reuters: Business News | 24 Nov 2009 | 6:54 pm Kiwi Liddell steps down as Microsoft CFOSEATTLE - Microsoft's chief financial officer, New Zealander Chris Liddell is leaving the company at the end of this year.Liddell, formerly chief executive of former New Zealand forestry giant Carter Holt Harvey joined Microsoft...Source: nzherald.co.nz - Business | 24 Nov 2009 | 6:00 pm Transparency call from aggrieved ANZ-ING investorsA group supporting investors in ING's frozen funds has called for more transparency around the settlement of claims against ANZ so investors can better decide whether to accept a reduced repayment offer, or hold out for further legal...Source: nzherald.co.nz - Business | 24 Nov 2009 | 5:30 pm I'm not colluding with foreign powers, says GibbsTrade Minister Tim Groser has fired a shot across Turners & Growers' bows as allegations surface that the company has "sought to collude with foreign powers" to undermine the New Zealand Government's trade policy.Zespri made the...Source: nzherald.co.nz - Business | 24 Nov 2009 | 5:30 pm Facebook paves way for IPOFacebook has followed Google’s lead and introduced a dual-class stock structure, the clearest sign yet that the world’s most popular social networking site is preparing for an eventual public offeringSource: Financial Times - US homepage | 24 Nov 2009 | 5:13 pm Washington Post to shut bureauxThe Washington Post daily newspaper says it is to shut its bureaux in Chicago, Los Angeles and New York.Source: BBC News | Business | World Edition | 24 Nov 2009 | 5:04 pm AIG chief Benmosche inks pay dealAfter balking at government imposed pay restrictions, American International Group's chief executive Robert Benmosche has officially agreed to a $10.5 million non-compete contract, the company announced Tuesday.Source: Business and financial news - CNNMoney.com | 24 Nov 2009 | 5:02 pm Climate cash is 'unaccounted for'Funds promised to developing countries to help tackle climate change are unaccounted for, a BBC investigation finds.Source: BBC News | Business | World Edition | 24 Nov 2009 | 5:02 pm Five right, five wrong and five just plain weirdFive facts Wikipedia got right Source: Latest Business News from Times Online | 24 Nov 2009 | 5:01 pm Shifting sands offer poor foundation for a dependable truthTwenty five per cent of those who have visited Wikipedia have read something they know to be inaccurate, according to Rasmussen Reports. Source: Latest Business News from Times Online | 24 Nov 2009 | 5:01 pm Flood threatLiberia struggles to deal with impact of rising sea levelsSource: BBC News | Business | World Edition | 24 Nov 2009 | 5:01 pm Deripaska courts banks to stabilise Rusal’s financesOleg Deripaska, the Russian oligarch, is in a race against time to complete the $7.4 billion ($£4.5 billion) refinancing of his aluminium empire before its initial public offering (IPO) in Hong Kong. Source: Latest Business News from Times Online | 24 Nov 2009 | 5:01 pm Facebook dampens speculation that it will seek listingFacebook, the social networking site, has moved swiftly to dampen speculation that it is planning a public offering. The company confirmed that it was creating a dual-class stock structure to give existing shareholders more control over the company. Source: Latest Business News from Times Online | 24 Nov 2009 | 5:01 pm Rival chief puts Relax in administrationRelax Group, the debt management company, was put into administration by the chief executive of one of its rivals, it emerged yesterday. Source: Latest Business News from Times Online | 24 Nov 2009 | 5:01 pm Cuts loom over UK’s nuclear clean-up budgetThe Government is sharpening the axe for Britain’s £4 billion nuclear clean-up budget and drawing up plans for big spending cuts at contaminated sites including Sellafield and Dounreay, The Times has learnt. Source: Latest Business News from Times Online | 24 Nov 2009 | 5:01 pm As Duoyuan's Pattern Shows, IPOs Often Wild (Investor's Business Daily)Investor's Business Daily - Year to date, Chinese stocks on U.S. exchanges have led the uptrend.Source: Yahoo! News: Stock Markets News | 24 Nov 2009 | 4:38 pm AIG board OKs CEO pay, as Benmosche agrees to stay (Reuters)Reuters - American International Group Inc , the insurer that received billions of dollars in a U.S. bailout, has been authorized by its board to pay Chief Executive Robert Benmosche's $7 million compensation, after it laid to rest concerns that he may quit the post.Source: Yahoo! News: Business | 24 Nov 2009 | 4:34 pm AIG board OKs CEO pay, as Benmosche agrees to stayNEW YORK (Reuters) - American International Group Inc, the insurer that received billions of dollars in a U.S. bailout, has been authorized by its board to pay Chief Executive Robert Benmosche's $7 million compensation, after it laid to rest concerns that he may quit the post.Source: Reuters: Business News | 24 Nov 2009 | 4:34 pm Bond Funds' Flow Near Record Again (Investor's Business Daily)Investor's Business Daily - Shifting assets from money market funds yielding near zero, investors stuffed a near-record $45.02 billion into bond funds in October. Also, skittish about a sell-off in stocks, they pulled $7.08 billion from stock funds.Source: Yahoo! News: Stock Markets News | 24 Nov 2009 | 4:31 pm Obama vows to ‘finish job’ in Afghan conflictUS President Barack Obama is widely expected to announce next week that he favours sending more than 30,000 extra troops to Afghanistan, in a momentous decision for his presidencySource: Financial Times - US homepage | 24 Nov 2009 | 4:28 pm Fed sees risks in low rates policyFed officials have expressed concerns that near-zero interest rates could fuel ‘excessive risk-taking in financial markets’ but believe the possibility of such an outcome is ‘relatively low’Source: Financial Times - US homepage | 24 Nov 2009 | 4:20 pm Dorfman on Value Investing, Mangrekar on Solar: AudioSource: Bloomberg - All Podcasts | 24 Nov 2009 | 4:18 pm Beat the crowds - shop onlineThere's no need to get up at the crack of dawn to battle bargain-thirsty shoppers on Black Friday. But you can still score the best deals while you're still wearing bunny slippers.Source: Business and financial news - CNNMoney.com | 24 Nov 2009 | 4:13 pm Angus Geddes Says Gold ETFs Offer Low Investment Costs: AudioSource: Bloomberg - All Podcasts | 24 Nov 2009 | 4:08 pm Eastman Chemical Raised to `Buy' at Deutsche Bank: AudioSource: Bloomberg - All Podcasts | 24 Nov 2009 | 4:05 pm J Crew full-price sales spur profit beat, shares upSAN FRANCISCO (Reuters) - J Crew Group Inc reported a quarterly net profit far above Wall Street estimates due to strong autumn sales of clothing and expanded profit margins from depressed year-ago levels.Source: Reuters: Business News | 24 Nov 2009 | 4:04 pm Exploiting our natural advantageIf there is anywhere New Zealand can look to improve its economic performance - without the limitations of land, rainfall or carbon emissions - it's technology.According to Technology Investment Network's annual survey of the...Source: nzherald.co.nz - Business | 24 Nov 2009 | 4:00 pm Rival bid tipped for Hanover assetsA well known and "trusted" company is likely to offer Hanover and United investors a competitive alternative to Allied Farmers' debt-for-equity proposal within a few days, according to a source working with the potential bidder.The...Source: nzherald.co.nz - Business | 24 Nov 2009 | 4:00 pm Brighter Fed forecast helps market pare losses (AP)
Source: Yahoo! News: Stock Markets News | 24 Nov 2009 | 3:58 pm Write-Offs: 11.24.09$$$ QBs as PE investors [The Deal] $$$ Canopy Financial Accused Of Fraud, Investors Burned [TechCrunch] $$$ White Collar Criminals Are Running Amok, Says U.S. Attorney [BI] $$$ SEC manages to win an insider trading case [FT Alphaville] 
 Source: Dealbreaker | 24 Nov 2009 | 3:56 pm How the major stock indexes fared on Tuesday (AP)AP - A brighter economic forecast from the Federal Reserve helped the stock market pare steep losses that followed uninspiring reports on consumer sentiment and housing.Source: Yahoo! News: Stock Markets News | 24 Nov 2009 | 3:55 pm Toyota recalls 100,000 Tundra trucksFederal regulators announced Tuesday the recall of 110,000 Toyota pickup trucks in 20 U.S. states and the District of Columbia.Source: Business and financial news - CNNMoney.com | 24 Nov 2009 | 3:52 pm John Arnold's Greatest Trade: Blowing Off Brian Hunter
Traders familiar with Arnold's style also credit a calm and disciplined manner that helps him stay eerily focused on the fundamentals of the market when other trades are creating distractions.
Source: Dealbreaker | 24 Nov 2009 | 3:44 pm Sharemarket edges up earlyThe New Zealand sharemarket edged up in early trading today, even as Mainfreight shares tumbled nearly 2 per cent.Around 10.15am the benchmark NZX-50 index was up 2.12 points to 3109.73, after yesterday starting strongly but then...Source: nzherald.co.nz - Business | 24 Nov 2009 | 3:34 pm 'Godfather of Spam' going to prisonA man who claims to be the "Godfather of Spam" has been sentenced to 51 months in prison by a federal judge in Detroit for his lead role in an e-mail stock scam scheme, according to court documents.Source: Business and financial news - CNNMoney.com | 24 Nov 2009 | 3:19 pm Coldwater Creek posts wider 3Q loss on tax charge (AP)AP - Women's apparel retailer Coldwater Creek Inc. said Tuesday its loss widened in the third quarter, largely because of a hefty tax charge and higher promotional costs.Source: Yahoo! News: Business | 24 Nov 2009 | 3:07 pm Officials highlight Nevada mortgage fraud problem (AP)AP - U.S. Sen. Harry Reid joined federal and state officials at an event in Las Vegas highlighting law enforcement efforts to identify and prosecute mortgage fraud in Nevada.Source: Yahoo! News: Business | 24 Nov 2009 | 2:59 pm Fannie Mae Delinquencies Keep Rising (FNM, FRE)It seems that the end of the recession notices via positive GDP has not reached Main Street America, at least as far as paying for their single-family house. Fannie Mae (NYSE: FNM) has just reported its October 2009 data and the figures are not getting better. The serious delinquency rates are astronomical. We would note [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 Nov 2009 | 2:53 pm Aware of policy risks, Fed sees firmer growth (Reuters)
Source: Yahoo! News: Business | 24 Nov 2009 | 2:47 pm Aware of policy risks, Fed sees firmer growthWASHINGTON (Reuters) - Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed.Source: Reuters: Business News | 24 Nov 2009 | 2:47 pm Wall Street Journal Nails RajaratnamIllustratively-speaking. Sometimes the Journal makes its subjects look like Biff from Back To The Future. Sometimes they base the headcut on your high school yearbook photo. Sometimes they charitably move you several spots up on the evolutionary timeline than your Cro-Magnon Man visage suggests you belong. Sometimes they just make people look entirely unrecognizable, for sport. But today I think we need to give credit where credit's due. Rupes and his team have nailed the Raj Face (and neck).
Source: Dealbreaker | 24 Nov 2009 | 2:37 pm Stocks dip on revised GDP; Fed's view curbs loss (Reuters)
Source: Yahoo! News: Business | 24 Nov 2009 | 2:33 pm Stocks dip on revised GDP; Fed's view curbs loss (Reuters)
Source: Yahoo! News: Stock Markets News | 24 Nov 2009 | 2:33 pm Privately held Facebook sets up dual-class stockSAN FRANCISCO (Reuters) - Facebook has established a dual-class stock structure to ensure voting control by existing owners, but has no plans to become a public company, it said on Tuesday.Source: Reuters: Business News | 24 Nov 2009 | 2:33 pm Barnes & Noble, Medtronic, Peet's are big movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:Source: Yahoo! News: Stock Markets News | 24 Nov 2009 | 2:29 pm Fannie Mae: No investors for 15 days (AP)AP - Fannie Mae says it won't consider offers from investors to buy its foreclosed properties until they have been on the market for 15 days.Source: Yahoo! News: Business | 24 Nov 2009 | 2:22 pm Fed sees high jobless rate for years to comeWASHINGTON -- Top Federal Reserve officials expect unemployment to remain elevated for years to come, according to new projections released Tuesday, suggesting that the economic recovery will be too gradual to create rapid improvement in the job market.
Source: L.A. Times - Business | 24 Nov 2009 | 2:19 pm Will Aliens Know About The Financial Crisis?By David Kestenbaum There is one silver lining to the recession. The global economic engine has slowed so much that it's pumping out less greenhouse gases. For the first time in decades, annual carbon-dioxide emissions are expected to drop this year. Instead of growing at 3 percent or so, emissions are expected to shrink by 3 percent. The savings is roughly what you would get by taking all the cars in the U.S. off the road. Or shutting the whole planet down for three weeks. Scientists have lots of ways of tracking global conditions, so I got to wondering if the financial crisis would leave its mark in the physical environment, maybe get encoded in some tree ring, or in a bubble of gas trapped in a layer of antarctic ice - something an alien civilization might discover in the distant future, point to and wonder what had happened. It turns out there is a record of the Great Depression in ice cores because lead pollution declined. But I emailed several climate scientists to ask if the current carbon dioxide reductions would leave a trace. The answer seems to be no.... Eric Steig, University of Washington: You would need a very high accumulation rate site to see this. The problem is that the air as it is trapped in the ice continues to mix with the atmosphere for a while, so you get a very smoothed out record, and short-lived events will not be visible. I am positive that somewhere in Antarctica -- where you get the very very highest accumulation rates, over 2 m a year of ice (that is 5 m or more of snow), with very precise measurements one could retrospectively see an event like this. But it's unlikely anyone would ever do it. With snowfall rates that high, you don't get very far back in time after a lot of drilling, so it isn't very appealing. Richard Alley, climate researcher at Penn State University: Great idea, but my suspicion is that the answer is "no". The emissions are believed to have dropped, so the rate of growth of CO2 will be slightly lower this year than last. (Growth in the concentration will continue, because emissions are still well above the rate of removal from the air into the ocean or wherever else the CO2 is going.) So, if we had a really really good record of the CO2 with sufficiently high time resolution, we would see a bump. The ice-core records that "work"--cold enough and clean enough ice to avoid artifacts linked to meltwater dissolving CO2 or dead flies in the ice decaying and giving off CO2--have the bubble-trapping depth a few tens of meters down below cold snow being squeezed to ice by the weight of more snowfall on top. If you release a tracer (say, someone had the beans last night for dinner...) in the air above the snow, it takes about 5 years for diffusion in the tiny spaces over 70 m or so to transfer a notable amount of the tracer to the bubble-trapping depth, and along the way a sharp, short-lived spike of tracer will be smoothed out into a bell-curve-like shape. For ice-core analyses, the uncertainty in the measurement is just under 1 part per million. (With larger samples, measurements in the free air are more accurate.) We've been raising CO2 something like 1-2 ppm per year, and the effect of dropping our emissions by a few percent will be a few percent of 1 ppm, so is not detectable in the ice-core data with modern technology even before it is smoothed out, which it will be." » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 24 Nov 2009 | 2:09 pm Singh embraced by US as ‘natural ally’Describing India as a “natural ally” of the US, Barack Obama offered Manmohan Singh, India’s prime minister, all the reassurance he sought that America would not sideline New Delhi in pursuit of its global partnership with ChinaSource: Financial Times - US homepage | 24 Nov 2009 | 1:55 pm The Great Merck Buyback.. Dividend Too (MRK)Merck & Co., Inc. (NYSE: MRK) barely has its Schering-Plough deal behind it. And today came the announcement of its dividend rate, but more importantly came word of a large share repurchase program. The quarterly dividend for common stock is remaining at $0.38 per quarter, which gives a yield of almost 4.20%. It also declared [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 Nov 2009 | 1:42 pm Saab May Be DoneBy Daniel Costello The future of Saab was thrown into doubt on Tuesday after General Motors announced a consortium led by Swedish investors pulled out of talks to buy the premium car brand. The deal's collapse marks the second failure by GM in less than two months to sell a money-losing brand. In October, Penske Automotive Group abandoned a deal to acquire GM's Saturn because of doubts about securing a long-term supply of vehicles. In February, GM said it was seeking a buyer for Saab, Saturn and Hummer as part of a drive to pare down its product portfolio as it prepared for US government-funded Chapter 11 bankruptcy protection. It now appears more likely than not that GM will shutter Saab and Saturn, and honor warrantees and other customer services through its remaining car units. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 24 Nov 2009 | 1:36 pm Galleon founder attacks wiretapRaj Rajaratnam, the billionaire investor, offered a glimpse of how he plans to contest the insider trading allegations against him as he attacked prosecutors’ use of court-authorised wiretaps and questioned the credibility of one of their key witnessesSource: Financial Times - US homepage | 24 Nov 2009 | 12:59 pm Koenigsegg pulls out of talks to buy SaabFuture of Saab in doubt after a consortium led by Koenigsegg pulls out of talks to buy the premium brand from General MotorsSource: Financial Times - US homepage | 24 Nov 2009 | 12:55 pm WestLB Finally Gets Its BailoutDespite being owned by the government, WestLB is only now getting the government-funded bailout that is apparently the right of every bank. Unlike many of the rest of the banks on both sides of the Atlantic, which got their billions (or trillions) with few--if any--strings attached, Germany and the European Commission are force-feeding WestLB some pretty stiff medicine. The bank plans the old good bank-bad bank split, but also has to reduce its size by half, sell off its riskier business and then sell itself over the next two years in order to qualify for the aid. In return, Germany's bank-bailout fund will provide a capital injection to the WestLB "core bank."
Source: Dealbreaker | 24 Nov 2009 | 12:51 pm SEC wins insider case against former Fidelity trader (Reuters)Reuters - Federal securities regulators won an insider trading case when a jury in Boston ruled that a former Fidelity employee illegally profited from trading stocks that the mutual fund giant was buying for itself.Source: Yahoo! News: Stock Markets News | 24 Nov 2009 | 12:48 pm SAC Not Sweating SEC Investigation Into Fairfax TradesFairfax Financial, a Canadian Insurer, still has it in their head that some of the most feared and respected hedge funds got non-public information about the company and spread it around the street encouraging their buddies to short the heck out of the stock. Matt Goldstein, at Reuters, is now reporting that the SEC has taken notice of an on-going civil suit Fairfax filed, in 2006, against noted short-seller Jim Chanos and Stevie Cohen and has started their own investigation. One that Reuters thinks will involve these titans' funds into being forced to turn over any and all trading records to the folks that missed the Madoff Ponzi scheme.
Source: Dealbreaker | 24 Nov 2009 | 12:46 pm Presented By:Source: Dealbreaker | 24 Nov 2009 | 12:46 pm FOMC Narrows Unemployment, Inflation and GDP TargetsThe November 3 to 4 Minutes of the FOMC meeting are now out, and as you have been told over and over (and over and over)…. It has the flexibility to keep rates low for an extended period. But what is of interest is the new FOMC outlook figures for what lies ahead in unemployment [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 Nov 2009 | 12:26 pm Fear pushes US rates into negativeYields on short-term US government debt reflect that banks and investors have parked their cash in havens before the end of the yearSource: Financial Times - US homepage | 24 Nov 2009 | 12:19 pm Punishing Ciena… By Everyone (CIEN)Ciena Corp. (NASDAQ: CIEN) is trading higher today, a day after it’s weakness on the announced buyout of the Nortel assets. Continuing to pick on it about the risks, the leverage, and the potential inversion of the balance sheet can’t be said anymore than what was written yesterday at Investorplace.com. It is possible that the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 Nov 2009 | 11:44 am Americans gloomy on economy heading into holidaysNEW YORK -- Retailers heading into the traditional start of holiday shopping are facing consumers who are only a bit less gloomy than they were a year ago as they worry about a weak job market.
Source: L.A. Times - Business | 24 Nov 2009 | 11:25 am Housing Recovery Stumbles A BitBy Daniel Costello Recent talk of a recovery in housing prices appears premature. Prices as a whole recorded an 8.9 percent drop in the third quarter, compared to a year earlier -- a big improvement from the 15 percent and 19 percent drops in the prior five quarters, according to the S&P/Case-Shiller Home Price Index, the leading measure of U.S. home prices. But the drop for the closely watched 20-city index, 9.4 percent, was worse than expected. Las Vegas remains the most depressed market in the U.S. Prices have declined for 37 consecutive months, with a peak-to-trough reading of -55.4 percent. While Detroit has seen some positive movement in recent months, the market is still at only 73 percent of its 2000 value. This compares to regions such as Los Angeles, New York and Washington, which have maintained values of 70-80 percent above their 2000 averages, in spite of the market downturn. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 24 Nov 2009 | 11:22 am Details hazy on marijuana dispensariesAmid political pressure to control L.A.'s thriving pot shops, the city council is taking a close look at medical marijuana. Bob Moon reports.Source: Marketplace | 24 Nov 2009 | 11:06 am Retailers get tough on return policiesRetailers are preparing to battle dishonest customers. Nancy Marshall Genzer reports that with fraud on the rise, retailers are often left holding the bag.Source: Marketplace | 24 Nov 2009 | 11:06 am Rethinking the idea of gift givingSome economists say giving gifts just doesn't make sense. Joel Waldfogel, author of "Scroogenomics," talks with Kai Ryssdal about how the idea is fraught with value destruction.Source: Marketplace | 24 Nov 2009 | 11:05 am Weak dollar may fuel bubblesAsia correspondent Scott Tong talks with Kai Ryssdal about how the weak dollar is stoking up a new investment scheme that's creating fears of the next big bubble.Source: Marketplace | 24 Nov 2009 | 11:05 am Ghanian locals caught in a gold rushGhana is one of the world's top producers of gold. And with gold's price at record highs, more companies are heading to the African country for a piece of the action. Anna Boiko-Weyrauch reports.Source: Marketplace | 24 Nov 2009 | 11:05 am Cost of more U.S. troops in AfghanistanPresident Obama will soon announce new plans for expanding U.S. efforts in the Afghanistan war. Steve Henn reports on how high the tab might go.Source: Marketplace | 24 Nov 2009 | 11:05 am Homeowners seek mortgage helpA new report says one in four U.S. homeowners is underwater, owing more on their mortgage than their house is worth. Jeremy Hobson reports on the future of the housing market.Source: Marketplace | 24 Nov 2009 | 11:05 am Stocks For Buffett To Unload (BRK-A, BNI, COP, XOM, GCI, WPO, MCO, NSC, UNP, UPS, UNH, WLP, GSK, SNY, IR, STI, BAC, WFC, TMK, TRV)We recently discussed the changes that have taken place inside Berkshire Hathaway Inc. (NYSE: BRK-A) as Warren Buffett has gone higher up the food chain. In his more focused and more opaque approach, it also seems that after a $44 billion deal including debt to buy Burlington Northern Santa Fe Corp. (NYSE: BNI) that Berkshire [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 Nov 2009 | 11:01 am Goldmine of black market in Russian dataConfidential information gathered by Russian law enforcement or government agencies: from arrest records to bank account details are openly on offer in some marketsSource: Financial Times - US homepage | 24 Nov 2009 | 10:59 am A Word Of Advice For The SEC
We know you think that something is rotten in the City of Stamford. We know you know that Raj Rajaratnam is way too dumb to have masterminded an insider-trading circle. And we know all of the arrows are pointing right at the Big Guy (it's not his fault; he's just big-boned). But this is a step too far, SEC. For one, taking the word of some Canadians over that of a red-blooded American like Steven A. Cohen is unpatriotic. It's unconscionable. It's letting the terrorists win.
Source: Dealbreaker | 24 Nov 2009 | 10:58 am The 5 Best Websites for Finding Black Friday Deals
Black Friday, the major shopping day after Thanksgiving, can give you amazing bargains.But, as any experienced shopper knows, a successful Black Friday requires preparation. When it comes to preparing, the Internet is your friend. Several entrepreneurs have set up websites to help you navigate Black Friday deals, store hours, and ad updates. Their information will help you avoid hours of searching for Black Friday ads on Google, as well as find bargains you never knew existed. We compiled a list of the 5 best websites for finding Black Friday deals, so that you can focus your energy on being in the stores. 1. BFAds Features: Daily updates give you the lowdown on deals, as well as links, instructions, and coupons (or coupon codes), where pertinent. You get complete information and analysis on each new deal they post. Whoever is behind the blog–another great feature of the site–obviously knows how to bargain hunt. The blogs tells you where to find discounts, how long they’ll last, and whether they’re sold out or not. Frequent updates and a thorough level of detail make this my favorite website. Features: If you like to find deals by product or category, try out TGI Black Friday. They update findings at the top of the page in blog format. When you navigate down the page, you’ll see top deals, accompanied by a photo of the product. At the bottom of each product listing, you can add the product to your shopping list, or share it. The user interface makes it easy to interact with the website. If you like an interactive, visual component, try this site. 3. Black Friday @ Gottadeal.com Features: Features: Find deals by store icon or coupon link on this site. It updates frequently, but doesn’t include a blog, so you get a bare-bones list of deals. Their forums help you find details. A good website if you want to skip details and go find deals by store. 5. Black Friday 2009, by Bradsdeals.com Features: Black Friday 2009 has a really good blog, which adds a human touch to deal-hunting. Besides updated deals, they cover useful Black Friday tips, a history of the big day, and other topics. They don’t have a forum, however, nor do they include as many stores as some other sites.
Source: Business Pundit | 24 Nov 2009 | 10:30 am Calling All You Hedge Fund Angels: Greenwich, Connecticut Needs You, ASAP
"I'm sure that some angel will come down to provide the money to put them up," Tesei said. "I'm optimistic that will happen."
Source: Dealbreaker | 24 Nov 2009 | 10:25 am Case Says 6.1 Million Existing Home Sales Is `Big News’: AudioSource: Bloomberg - All Podcasts | 24 Nov 2009 | 9:47 am 2.1 Million Stork Craft Drop-Side Cribs RecalledThe Consumer Product Safety Commission (CPSC) today announced a recall of Stork Craft drop-side cribs. More than 2.1 million cribs are being recalled. Infants can become entrapped and suffocate when the drop-side drops one or more corners. The CPSC has more: Cribs Manufactured Between 1993-2009 Are Being Recalled Note that Storkcraft’s website and hotline may currently be overloaded.
Source: Business Pundit | 24 Nov 2009 | 9:47 am Rosner Sees `Normal’ Housing Markets in 2011 at Earliest: AudioSource: Bloomberg - All Podcasts | 24 Nov 2009 | 9:40 am Ryding Sees Corporate Spending Driving Economy in 2010: AudioSource: Bloomberg - All Podcasts | 24 Nov 2009 | 9:38 am Whalen Calls Fed `Servile, Compliant' Agency: AudioSource: Bloomberg - All Podcasts | 24 Nov 2009 | 9:35 am Polleit Sees U.S. Artificially Propping Up Home Prices: AudioSource: Bloomberg - All Podcasts | 24 Nov 2009 | 9:33 am Suffering For Their ArtBy Daniel Costello More than half of artists have seen their income fall in the last year, with nearly 18 percent of respondents reporting an income loss of more than 50 percent during the recent recession, according to a new study. Incredibly, many artists also said they were inspired by the hard times, with some reporting they were happy to have more time to spend on their art because they were out of work. Three out of four of the 5,200 artists surveyed said that it was an inspiring time to be an artist, and 89 percent felt that artists could play a special role in strengthening their communities during turbulent economic times. The report found the majority of artists work a second job (and about 20 percent work a third job) to finance their art; musicians and architects make more than painters and writers; and the majority have college degrees. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 24 Nov 2009 | 9:30 am Dear Glenview Groupies
Source: Dealbreaker | 24 Nov 2009 | 9:21 am Stretch Says Euro May Rise Above $1.50 by Year End: AudioSource: Bloomberg - All Podcasts | 24 Nov 2009 | 9:12 am FDIC In The Red
A press release goes up in the window of County Bank's Merced, Calif. branch announcing that state regulators have closed the bank, February 6, 2009. (Lisa James/AP) By Caitlin Kenney The FDIC's Deposit Insurance Fund, which protects bank deposits, fell below zero in the third quarter of this year. Fifty U.S. banks failed, taking the fund down to negative $8.2 billion. It's only the second time in the agency's history that it has slipped into the red. Despite the dip, depositors remain protected. The government agency set aside extra reserves of $38.9 billion this year to cover estimated losses. Adding in that additional money, brings the Deposit Insurance Fund's reserves up to $30.7 billion. The FDIC also has the ability to tap into an emergency credit line from the Treasury Department if it needs to. So far this year, the FDIC has seized and sold 124 banks. The list of "problem banks" stood at 552 at the end of September. Meantime, the FDIC is working on efforts to bolster the fund. Earlier this month, they approved a measure that will require insured institutions to prepay three years worth of deposit insurance premiums at the end of 2009. "For now, the credit adversity we have been discussing for some time remains with us, and we expect that it will be at least a couple of more quarters before we see a meaningful improvement in that trend," Shelia Bair, FDIC Chairman said. "Despite the challenges, I am optimistic that if we address these problems head-on, we will see clear signs of improvement in bank earnings and lending in 2010." The FDIC saw their total insured deposits increase by 10 percent last quarter, reflecting a temporary increase in the amount the deposit insurance fund covers. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 24 Nov 2009 | 9:12 am Win A Free Book For The Friend Or Family Member You're Too Cheap To Spend Money On This Year
Source: Dealbreaker | 24 Nov 2009 | 9:12 am Buik Says U.S. Banking System Is Still `Clogged Up': AudioSource: Bloomberg - All Podcasts | 24 Nov 2009 | 8:50 am China banks prepare to raise capitalChina’s banks are preparing to raise tens of billions of dollars in additional capital to meet regulatory requirements following an unprecedented expansion of new loansSource: Financial Times - US homepage | 24 Nov 2009 | 6:18 am Morning Report: IMF Chief Backs More Stimulus; Early Holiday Sales MixedBy Daniel Costello Broad and rapid government stimulus measures helped the global economy to avert the worst of the recent financial crisis, but the global economy remains highly vulnerable to new shocks, International Monetary Fund chief Dominique Strauss-Kahn said Monday. He said it is far too early to end fiscal interventions as an early exit may jeopardize a fragile recovery. "The storm has passed. The worst has been averted," he said at the Confederation of British Industry annual conference in London Monday. With unemployment at historic levels, and still climbing, he said it's difficult to claim that the crisis is over and added global banking systems remain undercapitalized, weighed down by toxic assets and a rising number of non-performing loans. The IMF is looking at a controversial plan for a tax on all financial transactions as a way of forcing banks to pay for any future bailouts. Critics of the plan say a punitive tax on the financial services sector could harm the recovery at a delicate time. Early signs of holiday sales were mixed. After showing signs of improvement in recent months, sales of electronic goods and online sales jumped while luxury goods and clothes sales weakened in the first half of November, figures released Tuesday show. Analysts say rising gas prices are helping online sales because shopping online lets consumers drive less. And talk about a deal. A judge has cleared the way for Pontiac, Mich., to sell the stadium that was once home to the NFL's Detroit Lions to a Canadian company for $583,000 - a little more than 1 percent of the cost of building the domed sports stadium in 1975. An original deal fell through in a dispute over environmental cleanup costs. The Lions abandoned the 80,300-seat Silverdome in 2002, when they moved to Detroit's Ford Field. Pontiac has been spending $1.5 million a year to maintain the largely unused stadium. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 24 Nov 2009 | 5:12 am Bathroom Wall Discussion
Source: Business Pundit | 24 Nov 2009 | 4:42 am
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