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Will scented candles light men's fire?Products marketed to men are generally portrayed as things only a real man would want. Deodorant that withstands the elements! Cars that eat up the road! Food that slays your hunger! Candles? Caitlan Carroll reports.Source: Marketplace Money | 27 Nov 2009 | 10:56 am Video resumes highlight good attributesStill can't find work? It's not you, it's your resume. A new company thinks video resumes are the secret to standing out. Cash Peters reports.Source: Marketplace Money | 26 Nov 2009 | 11:00 pm Survey: Workers feel jobs are stagnantJim Davis from the talent management firm DDI talks with Tess Vigeland about results from a survey conducted by his company that measured the satisfaction workers felt with their jobs.Source: Marketplace Money | 26 Nov 2009 | 11:00 pm Need work? Trying making your own.How do you find a job in today's economy when most companies aren't hiring and few jobs are being created? Commentator Charles Handy says the thing to do is make your own work.Source: Marketplace Money | 26 Nov 2009 | 11:00 pm Life goes on after foreclosureStories of families in the throes of losing their homes are all over the news. But what happens to those families -- and the homes -- after the foreclosure is final? Krissy Clark visits a couple in Las Vegas to find out.Source: Marketplace Money | 26 Nov 2009 | 11:00 pm Home-selling's short sale headachesIn effort to avoid foreclosure and preserve their credit rating, some are willing to sell their homes for less than they owe on the mortgage. But even taking a loss isn't always as easy as it sounds. Peter O'Dowd reports.Source: Marketplace Money | 26 Nov 2009 | 11:00 pm Unemployed stay afloat on creditAs employment benefits run out, more people are turning to credit cards to make ends meet. Stacey Vanek-Smith reports.Source: Marketplace Money | 26 Nov 2009 | 11:00 pm Stocks to Watch: Stocks in focus for FridayAmong the shares expected to see active trading in Friday’s session are AIG, Tiffany, Incyte and Toyota.
Source: MarketWatch.com - Top Stories | 26 Nov 2009 | 3:34 am Aidan Birkett's latest tricky task - unravelling Dubai's luxury tower of hubrisAidan Birkett has had some tricky assignments. The Deloitte partner has been called to sort out some of the worst financial cases, from Energis and Wembley to MyTravel and Metronet.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Nov 2009 | 3:31 am Water users are not paying their fair shareOfwat, the water regulator, is insisting that consumers pay less for water. Why? Water is an increasingly scarce resource, it should be becoming more expensive not less, especially in the South and East.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Nov 2009 | 3:19 am Economic Report: Euro-zone private-loan drop accelerates in Oct.Loans to the euro-zone private sector accelerate their drop in October, while M3 money supply growth slows to its weakest pace on record, the Frankfurt-based European Central Bank reports.
Source: MarketWatch.com - Top Stories | 26 Nov 2009 | 3:19 am U.K. promises swift action on bank-pay reformThe U.K. government said Thursday that it will move quickly to introduce banking pay and governance reforms suggested by David Walker, including rules that would defer a portion of bonuses by as long as five years.
Source: MarketWatch.com - Top Stories | 26 Nov 2009 | 3:13 am BHP denies Rio backsliding on iron ore tie-upBRISBANE (Reuters) - Global miner BHP Billiton dismissed talk on Thursday that rival Rio Tinto was baulking at a proposed $116 billion joint venture in iron ore, insisting the two were close to a binding agreement.Source: Reuters: Business News | 26 Nov 2009 | 3:03 am More protection if your mortgage is sold onConsumers whose mortgages are sold on to third parties are set to receive greater protection under new proposals.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Nov 2009 | 3:03 am Borders 'close to administration'The Borders bookshop chain in the UK - which contains 45 stores - is on the verge of going into administration.Source: BBC News | Business | World Edition | 26 Nov 2009 | 3:03 am Soaring yen spooks investors09:20 GMT. A febrile and disorderly foreign exchange market spooked investors on Thursday, after the yen surged to a 14-year high against the greenback and gold drove towards the $1,200 level.In Europe,...Source: RSS feed - channel BNPaperBusiness | 26 Nov 2009 | 3:02 am Media Digest 11/26/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: Saab’s failure to be bought shows that Chinese companies are having trouble moving into Western markets through M&A. Reuters: AIG (NYSE:AIG) and former CEO Greenberg settled legal issues between them. Reuters: Dubai will put a six month standstill to debt payments. Reuters: Fannie Mae (NYSE:FNM) may tighten lending standards. Reuters: Improved consumer numbers help increase market optimism. WSJ: Toyota [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Nov 2009 | 3:02 am Funds sue Liberia over 1978 debtTwo "vulture funds" sue Liberia, which is recovering from years of civil war, in Britain's High Court over a debt incurred in 1978.Source: BBC News | Business | World Edition | 26 Nov 2009 | 3:02 am Tokyo faces yen trouble, as China banks slide moreAsian markets ended lower Thursday, with the strong yen hurting exporters in Tokyo, while capital-raising worries and a disappointing Hong Kong debut for China Minsheng Banking Corp. hurt Chinese banks.
Source: MarketWatch.com - Top Stories | 26 Nov 2009 | 3:02 am FTSE 100 slides as recovery fears outweigh rise in water stocksBritain's FTSE 100 opened down sharply as fears over recovery hit financial and mining shares, offsetting gains by water companies after a better-than-expected price review.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Nov 2009 | 2:45 am London Markets: British shares drop as banks, miners slideU.K. shares trade sharply lower on Thursday, as investors take some profits off the table by selling miners and banks in particular.
Source: MarketWatch.com - Top Stories | 26 Nov 2009 | 2:42 am Asia Market And Europe Open (11/27/22209)Markets in Asia fell. The Nikkei was off .6% to 9,383. The Hang Seng fell 1.8% to 22,210. The Shanghai Composite was down 3.6% to 3,171. At the open in Europe, the FTSE fell .7% to 5,327. The Dax was off .8% to 5,757. The CAC 40 fell .9% to 3,776. Rio Tinto (NYSE:RTP) and Deutsche Bank (NYSE:DB) fell [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Nov 2009 | 2:41 am China shares hit by policy fearsLeading Chinese shares slump 3.6% as uncertainty grips investors ahead of a key government economic meeting.Source: BBC News | Business | World Edition | 26 Nov 2009 | 2:35 am National Express loses rail routeNational Express will have its East Anglia rail franchise terminated three years early, the government says.Source: BBC News | Business | World Edition | 26 Nov 2009 | 2:32 am Metals Stocks: Gold drops after climbing to a fresh recordGold futures fall after climbing to a record just below $1,200 an ounce, as the dollar rebounds against its rivals, pressuring the precious metal.
Source: MarketWatch.com - Top Stories | 26 Nov 2009 | 2:31 am Borders asks court to approve appointment of administratorBorders UK has asked the court to approve the appointment of adminstrators to the 45-store book retailer in a move that puts around 1,000 jobs at risk.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Nov 2009 | 2:30 am World stocks fall as dollar slides; gold at recordWorld stock markets dropped Thursday as mostly positive economic news in the U.S. failed to inspire investors and the dollar tumbled to its lowest point against the Japanese yen in more...Source: RSS feed - channel BNewsBusiness | 26 Nov 2009 | 2:26 am World stocks fall as dollar slides; gold at record (AP)
Source: Yahoo! News: Stock Markets News | 26 Nov 2009 | 2:26 am Dubai debt worry stirs cautious investors (Reuters)
Source: Yahoo! News: Business | 26 Nov 2009 | 2:23 am Dubai debt worry stirs cautious investorsLONDON (Reuters) - Debt problems in Dubai weighed on stocks, helped lift bonds and stirred currency trades on Thursday, as the dollar hit a 14-year low against the yen and gold climbed to a new record high.Source: Reuters: Business News | 26 Nov 2009 | 2:23 am Currencies: Dollar rebounds vs. most rivals except yenThe dollar moves offs broad lows after notching a 14-year low against its Japanese counterpart.
Source: MarketWatch.com - Top Stories | 26 Nov 2009 | 2:23 am Small cut in cost of water billsAverage water bills in England and Wales will be reduced slightly over the next five years, says regulator Ofwat.Source: BBC News | Business | World Edition | 26 Nov 2009 | 2:19 am Severn Trent leads water company shares higher after regulator's reviewShares in Britain's water companies jumped after the regulator's latest pricing plan was not as tough on the industry as feared.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Nov 2009 | 2:11 am In picturesA look inside the world's biggest cruise shipSource: BBC News | Business | World Edition | 26 Nov 2009 | 2:08 am DSG sales boosted by Windows 7 demandShares in DSG International rose today after the owner of Currys and and PC World reported a smaller than expected loss after a boost from sales of Microsoft's Windows 7. Source: Latest Business News from Times Online | 26 Nov 2009 | 2:04 am FTSE 100 slightly lower at the open (AFP)
Source: Yahoo! News: Stock Markets News | 26 Nov 2009 | 1:57 am UCB in talks with banks to refinance loan facilityBRUSSELS, Nov 26 (Reuters) - Belgian pharmaceutical group UCB has begun discussions with banks to refinance loans it agreed three years ago to buy German peer Schwarz Pharma.Source: RSS feed - channel BNewsBusiness | 26 Nov 2009 | 1:53 am UPDATE 1-Borders & Southern, Falkland to raise funds via placing* Borders & Southern to sell 234.2 mln shares at 50p apieceSource: RSS feed - channel BNewsBusiness | 26 Nov 2009 | 1:52 am Legal & General leads FTSE 100 lowerLondon's insurance sector were unsettled by analysis from Citigroup on Thursday, as the FTSE 100's rally stalled. Legal & General was the index's biggest single loser, down 3.2 per cent at 82p after...Source: RSS feed - channel BNPaperBusiness | 26 Nov 2009 | 1:50 am Europe Markets: Banks, miners lead broad retreat in EuropeEuropean shares decline for the second time this week.
Source: MarketWatch.com - Top Stories | 26 Nov 2009 | 1:46 am Anthony Bolton returns to active investing to run new Fidelity China fundFidelity International's Anthony Bolton, one of the UK's best known and top performing asset managers, said he plans to return to managing money next year, with a focus on the increasingly important China market.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Nov 2009 | 1:43 am Dollar falls to 14-year low against yenThe dollar slumped to 14-year lows against the yen Thursday, prompting expressions of alarm from Japan's government as it battles to coax the world's number-two economy back to health. ...Source: RSS feed - channel BNewsBusiness | 26 Nov 2009 | 1:36 am Emerging Markets Report: Vietnam stocks lower after rate hike, devaluationBenchmark index in Vietnam ends 4.1% lower on Thursday.
Source: MarketWatch.com - Top Stories | 26 Nov 2009 | 1:36 am Petrol says interested in buying Croatian CrobenzLJUBLJANA, Nov 26 (Reuters) - Slovenia's largest fuel retailer Petrol said on Thursday it is interested in buying Crobenz, a small fuel retailer of Croatian oil group Ina put up for sale for anti-trust...Source: RSS feed - channel BNewsBusiness | 26 Nov 2009 | 1:31 am UPDATE 1-System C Healthcare says on track to meet FY mkt view* Says recent acquisitions helped growth (Adds details)Source: RSS feed - channel BNewsBusiness | 26 Nov 2009 | 1:30 am UPDATE 1-Assura posts H1 pretax profit; confident of futureNov 26 (Reuters) - British healthcare firm Assura Group Ltd swung to a first-half pretax profit on Thursday, aided by strong pharmacy revenue and said it was trading in line with its own expectations...Source: RSS feed - channel BNewsBusiness | 26 Nov 2009 | 1:24 am UPDATE 2-Minsheng falls on debut; China banks under pressure* Minsheng capital ratio rises to 12 pct after HK listingSource: RSS feed - channel BNewsBusiness | 26 Nov 2009 | 1:19 am Dubai asks for debt payment delayDubai's financial health is under scrutiny after a government-owned investment company asks for a delay on repaying its debts.Source: BBC News | Business | World Edition | 26 Nov 2009 | 1:15 am National Express loses remaining rail franchiseNational Express is to be stripped of its remaining rail franchise three years early, leaving the troubled transport company with just its bus business. Source: Latest Business News from Times Online | 26 Nov 2009 | 1:13 am Gold price breaks 1,195 dollars an ounceThe price of gold soared above 1,195 dollars an ounce for first time in history here on Thursday, following a purchase of IMF gold by Sri Lanka's central bank. Gold hit 1,195.13 dollars...Source: RSS feed - channel BNewsBusiness | 26 Nov 2009 | 1:11 am Group: Chinese overinvestment could strain tradeChina's stimulus spending has fueled massive overexpansion in industrial capacity that could drive a surge in low-priced exports amid weak global demand, possibly igniting a protectionist...Source: RSS feed - channel BNewsBusiness | 26 Nov 2009 | 1:09 am Earnings Watch: Updates, advisories and surprisesA roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source: MarketWatch.com - Top Stories | 26 Nov 2009 | 1:01 am Few mortgages have been permanently modifiedLenders have temporarily restructured hundreds of thousands of loans, but long-term changes have proved elusive, raising the specter of a new wave of foreclosures.In October 2008, JPMorgan Chase & Co. shaved 25% off Rick Mullen's mortgage payment by lowering his interest rate, helping him to stay in his Valencia home despite a downturn in his small business refurbishing large shipments of damaged shoes.
Source: L.A. Times - Business | 26 Nov 2009 | 1:00 am Jay Penske betting he can beat the odds in Internet mediaThe 30-year-old son of Roger Penske has been quietly building an online business since 2004, now including veteran journalist Bonnie Fuller's new celebrity website.It's tough to talk to Bonnie Fuller without getting an earful of Hollywood gossip.
Source: L.A. Times - Business | 26 Nov 2009 | 1:00 am California flower growers wage buy-local campaignCheaper imports have shrunk the U.S. share of the cut-flower market. To fight back, an industry group is touting advantages of buying blooms from the Golden State."Buy American." Marketers have used it to sell cars, clothing and toys. Now an association of flower growers is using the slogan to remind consumers to purchase U.S. blooms when picking up their Thanksgiving bouquets. ¶ "Rather than buy flowers shipped in by 747s, you can help beat back the recession and drive jobs here at home," said Kasey Cronquist, executive director of the California Cut Flower Commission. ¶ The commission kicked off a buy-local campaign this month in supermarket flower sections, starting in Vons and Safeway stores. California products bear "hint cards" boasting that Golden State flowers are America's freshest. ¶ It's just one more way flower growers in the state are struggling to keep and create jobs in the face of increasingly fierce competition from overseas. Twenty years ago, U.S. growers supplied two-thirds of the nation's cut flowers. Today domestic producers account for just 25% of that business, in part because of free-trade agreements that opened the U.S. market to flowers from low-cost foreign growers.
Source: L.A. Times - Business | 26 Nov 2009 | 1:00 am Jay Penske betting he can beat the odds in Internet mediaThe 30-year-old son of Roger Penske has been quietly building an online business since 2004, now including veteran journalist Bonnie Fuller's new celebrity website. ...Source: RSS feed - channel BNPaperBusiness | 26 Nov 2009 | 1:00 am A different journey than bride bargained forAfter a Hawaiian rental goes awry, The Times travel editor tracks the agent and her alleged many lives. I knew...Source: RSS feed - channel BNPaperBusiness | 26 Nov 2009 | 1:00 am Cyber Monday is losing its luster for online retailersAs more homes get high-speed Internet access, fewer people use their work computers the Monday after Thanksgiving for holiday shopping. Still, many merchants will be offering promotions and specials.As long as there has been online shopping, there has been Cyber Monday. But is that now more virtual than real?
Source: L.A. Times - Business | 26 Nov 2009 | 1:00 am Toyota to fix 'very dangerous' gas pedal defectsThe recall, which covers 4.26 million cars and trucks, is aimed at reducing the vehicles' risk of sudden accelerations, which have led to 19 deaths since the 2002 model year. ...Source: RSS feed - channel BNPaperBusiness | 26 Nov 2009 | 1:00 am Recall another blow to Toyota's reputationSome say the Japanese company has sacrificed its legendary quality in recent years to reach the goal of becoming the world's No. 1 automaker.The largest recall in Toyota Motor Corp. history will probably put a serious dent in the Japanese automaker's pocketbook. But the hit to Toyota's image could prove even more damaging.
Source: L.A. Times - Business | 26 Nov 2009 | 1:00 am Recall another blow to Toyota's reputationSome say the Japanese company has sacrificed its legendary quality in recent years to reach the goal of becoming the world's No. 1 automaker. ...Source: RSS feed - channel BNPaperBusiness | 26 Nov 2009 | 1:00 am Data point to steady but unspectacular economic expansionConsumer spending and personal income rise in October. But orders for durable goods fall unexpectedly, a negative sign for the nation's industrial sector.A new round of data released Wednesday offers evidence that the economy is continuing to grow but raises questions about the strength of the industrial sector in the months ahead.
Source: L.A. Times - Business | 26 Nov 2009 | 1:00 am Few mortgages have been permanently modifiedLenders have temporarily restructured hundreds of thousands of loans, but long-term changes have proved elusive, raising the specter of a new wave of foreclosures. ...Source: RSS feed - channel BNPaperBusiness | 26 Nov 2009 | 1:00 am Toyota to fix 'very dangerous' gas pedal defectsThe recall, which covers 4.26 million cars and trucks, is aimed at reducing the vehicles' risk of sudden accelerations, which have led to 19 deaths since the 2002 model year.Moving to correct what federal regulators have termed a "very dangerous problem," Toyota Motor Corp. said it would modify and replace gas pedals on 4.26 million cars and trucks to reduce the vehicles' risk of accelerating out of control.
Source: L.A. Times - Business | 26 Nov 2009 | 1:00 am Downey City Council opens the door to a Tesla auto plantA memorandum of understanding with Industrial Realty Group could lead to an electric-car factory on a site managed by IRG. ...Source: RSS feed - channel BNPaperBusiness | 26 Nov 2009 | 1:00 am Sellers taking advantage of gold's price surgeWhen American families sit down to dinner later today, I'd wager that at many tables the traditional expressions of gratitude -- for family, security, friendship, health -- will be joined by this one:
Source: L.A. Times - Business | 26 Nov 2009 | 1:00 am Kaiser Permanente must pay $5 million to patientArbitrators rule in favor of Timothy Howard, a former Valencia middle school administrator who was permanently disabled after physicians misdiagnosed his symptoms. ...Source: RSS feed - channel BNPaperBusiness | 26 Nov 2009 | 1:00 am Kaiser Permanente must pay $5 million to patientArbitrators rule in favor of Timothy Howard, a former Valencia middle school administrator who was permanently disabled after physicians misdiagnosed his symptoms.Kaiser Permanente, the state's largest nonprofit HMO, has been ordered to pay a former Valencia middle school administrator $5 million after its physicians misinterpreted signs of an impending stroke that left him partially paralyzed and disabled for life.
Source: L.A. Times - Business | 26 Nov 2009 | 1:00 am Data point to steady but unspectacular economic expansionConsumer spending and personal income rise in October. But orders for durable goods fall unexpectedly, a negative sign for the nation's industrial sector. ...Source: RSS feed - channel BNPaperBusiness | 26 Nov 2009 | 1:00 am A different journey than bride bargained forAfter a Hawaiian rental goes awry, The Times travel editor tracks the agent and her alleged many lives.I knew her only as Amanda, and the more I learned about her life, the more surreal it seemed.
Source: L.A. Times - Business | 26 Nov 2009 | 1:00 am Philippine troops move into the southThe military took over government buildings in four towns controlled by a family accused of organising an attack against a political rival that killed at least 57 peopleSource: Financial Times - US homepage | 26 Nov 2009 | 12:58 am Britain's households will see water bills cutBritain's households will see their average water bills cut by £3 to £340 within the next five years under a final proposal announced by the regulator.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Nov 2009 | 12:29 am Banks 'must reveal £1m earners'The UK's banks should be forced to disclose the number of staff who earn more than £1m, a report concludes.Source: BBC News | Business | World Edition | 26 Nov 2009 | 12:22 am Water regulator bows to lobbying on bill price cutsBritish customers have been denied steep cuts to their yearly water bills after Ofwat, the water regulator, today published proposals to reduce prices by £3, after original plans to lower rates by £14. Source: Latest Business News from Times Online | 26 Nov 2009 | 12:17 am Aussie stock market down 14 pointsMELBOURNE - The Australian share market closed marginally weaker following a sell off among financial stocks and despite resources giant BHP Billiton trading to a 16-month high.At 1615 AEDT, the benchmark S&P/ASX200 index was...Source: nzherald.co.nz - Business | 26 Nov 2009 | 12:05 am Dollar falls to a 14-year yen lowThe dollar hits a 14-year low against the yen as low US interest rates make the currency less attractive to investors.Source: BBC News | Business | World Edition | 26 Nov 2009 | 12:05 am Dollar hits 14-year low on yenThe dollar fell to its lowest in 14 years against the yen and a one-year low on the Swiss franc, tripping sell orders as investors decided its weakness had further to goSource: Financial Times - US homepage | 26 Nov 2009 | 12:03 am Walker review: main pointsSir David Walker has recommended extensive reforms to strengthen bank governance and increased disclosure on pay in his review. Here is a summary of his recommendations.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Nov 2009 | 12:03 am No Thanksgiving rest for retailers in sales raceNEW YORK (Reuters) - U.S. shoppers may stretch tight budgets this year to reward loved ones after months of thrift, a softening of heart that store chains hope will erase the holiday season sales debacle of 2008.Source: Reuters: Business News | 25 Nov 2009 | 11:49 pm No Thanksgiving rest for retailers in sales race (Reuters)Reuters - U.S. shoppers may stretch tight budgets this year to reward loved ones after months of thrift, a softening of heart that store chains hope will erase the holiday season sales debacle of 2008.Source: Yahoo! News: Business | 25 Nov 2009 | 11:49 pm Strong Tower leads NZ market higherA strong performance by insurance and wealth management company Tower was the main feature of today's sharemarket.Tower closed up 12c, or 6.6 per cent, at 194 and traded as high as 195 after reporting a 23.8 per cent rise in full-year...Source: nzherald.co.nz - Business | 25 Nov 2009 | 11:44 pm Fannie Mae to tighten lending standards: report (Reuters)
Source: Yahoo! News: Business | 25 Nov 2009 | 10:58 pm Fannie Mae to tighten lending standards: reportWASHINGTON (Reuters) - Fannie Mae plans to raise minimum credit score requirements next month and limit the amount of overall debt that borrowers can carry relative to their incomes, The Washington Post reported on Thursday.Source: Reuters: Business News | 25 Nov 2009 | 10:58 pm US investor Peltz cuts Cadbury stakeBillionaire investor Nelson Peltz has reduced his influence over the future of Cadbury after cutting his stake in the British-based confectioner.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Nov 2009 | 10:54 pm BHP denies Rio backsliding on iron ore tie-up (Reuters)Reuters - Global miner BHP Billiton dismissed talk on Thursday that rival Rio Tinto was baulking at a proposed $116 billion joint venture in iron ore, insisting the two were close to a binding agreement.Source: Yahoo! News: Business | 25 Nov 2009 | 10:45 pm NZ dollar dips against US, AussieThe New Zealand dollar came under pressure today after the Australian dollar fell in response to weak economic data, and as investors again turned off investments they perceived to be risky.By 5pm the NZ dollar was buying US72.49c,...Source: nzherald.co.nz - Business | 25 Nov 2009 | 10:25 pm Business confidence declines in NovemberBusiness confidence ebbed lower in November after stalling in October, according to the National Bank business outlook report.Overall, a net 43.4 per cent of respondents expect an improvement in business conditions in the year...Source: nzherald.co.nz - Business | 25 Nov 2009 | 9:18 pm Huntly miners reject latest pay offerSolid Energy's North Island miners have rejected the company's latest settlement offer, continuing their month-long strike.Engineering, Printing and Manufacturing Union (EPMU) members voted today to continue to strike, the company...Source: nzherald.co.nz - Business | 25 Nov 2009 | 8:52 pm Beal Bank makes play for Trump casinosNEW YORK (Reuters) - Beal Bank has made a restructuring proposal for bankrupt Trump Entertainment Resorts' Atlantic City casinos that would give it a 65 percent stake in the casinos company, the bank's attorney said on Wednesday.Source: Reuters: Business News | 25 Nov 2009 | 8:38 pm Hershey Trust head's quandary: a kiss for Cadbury?HERSHEY, Pennsylvania (Reuters) - To LeRoy Zimmerman, the taste of chocolate will always mean Hershey's.Source: Reuters: Business News | 25 Nov 2009 | 5:53 pm Low-income tenants 'need help'Charities are urging the government to do more to help tenants, claiming 1.3 million low-income households are struggling with their finances.Source: BBC News | Business | World Edition | 25 Nov 2009 | 5:16 pm Britain's bankers win double victory on bonuses and chargesBritain’s bankers received a double boost yesterday as they celebrated a landmark court victory over unauthorised overdraft fees and saw off the threat of a crackdown on pay. Source: Latest Business News from Times Online | 25 Nov 2009 | 5:01 pm Look out! The robots are coming to take your job awayFor as long as anyone can remember, the Tokyo International Robot Exhibition has been a showcase for Japan at its wackiest: stern industrial machines lurked backstage as waltzing, noodle-making or ping-pong playing humanoids stole the limelight. Source: Latest Business News from Times Online | 25 Nov 2009 | 5:01 pm Dollar tumbles as speculators sell the greenback for more lucrative returnsThe dollar plunged to a 15-month low yesterday after investors seized on positive elements in a series of economic statistics to show that America’s economic recovery continues apace. Source: Latest Business News from Times Online | 25 Nov 2009 | 5:01 pm Hopes rise for Vauxhall jobs as General Motors hits accelerator at Ellesmere PortGeneral Motors, the US carmaker, intends to step up production at its Vauxhall plant in Ellesmere Port, Cheshire, from two to three shifts a day and to expand output from 140,000 cars a year to 190,000, according to a person familiar with the matter. Source: Latest Business News from Times Online | 25 Nov 2009 | 5:01 pm Footballers and film stars caught out as Dubai crash hits new lowDavid Beckham and Brad Pitt are believed to be among the celebrities and sportsmen who bought villas in Palm Jumeirah in Dubai, a luxury development that juts out into the Gulf. But when the property bubble burst this year, residents saw the value of their investments collapse. Yesterday their situation worsened as Nakheel, the developer, and its state-owned parent made a request to suspend debt repayments. Source: Latest Business News from Times Online | 25 Nov 2009 | 5:01 pm Lloyds directors under attack after disclosure of HBOS loansA fresh dispute erupted yesterday over the secret £62 billion loans to Royal Bank of Scotland and HBOS as MPs across the House condemned regulators for failing investors. Source: Latest Business News from Times Online | 25 Nov 2009 | 5:01 pm LSE profits slide as equity trading under attackThe London Stock Exchange has revealed an abrupt collapse in profits from its core capital markets operation, which includes equities trading in London, because of the entry of new competition and a fall-off in business. Source: Latest Business News from Times Online | 25 Nov 2009 | 5:01 pm Stocks end higher on jobless claims, home salesNEW YORK (Reuters) - U.S. stocks rose in light trading volume on Wednesday, supported by data that pointed to stabilization in the labor and housing markets, areas that have fed concerns about a "double dip" recession.Source: Reuters: Business News | 25 Nov 2009 | 4:52 pm AIG and Greenberg settle disputeAIG and Hank Greenberg have agreed to settle all the remaining lawsuits between them, in a deal which will see the insurer return a Persian rug and photographs of its former chief executive with Chinese leaders and the company’s founderSource: Financial Times - US homepage | 25 Nov 2009 | 4:43 pm Gibbs won't comment on Hanover bid reportGuinness Peat Group director Tony Gibb is not commenting on reports the investment group is considering making a rival bid for the financial assts of Hanover Finance and its affiliate United Finance."I've been reading in the papers...Source: nzherald.co.nz - Business | 25 Nov 2009 | 4:30 pm Stocks push higher after drop in jobless claims (AP)
Source: Yahoo! News: Stock Markets News | 25 Nov 2009 | 4:17 pm Dubai seeks debt delay, some units cut to junkDUBAI/NEW YORK (Reuters) - Dubai said on Wednesday two of its flagship firms planned to delay repayment on billions of dollars of debt as a first step toward restructuring Dubai World, the conglomerate that spearheaded the emirate's breakneck growth.Source: Reuters: Business News | 25 Nov 2009 | 4:04 pm Dubai seeks debt delay, some units cut to junk (Reuters)Reuters - Dubai said on Wednesday two of its flagship firms planned to delay repayment on billions of dollars of debt as a first step toward restructuring Dubai World, the conglomerate that spearheaded the emirate's breakneck growth.Source: Yahoo! News: Business | 25 Nov 2009 | 4:04 pm AIG, ex-CEO Greenberg reach pact to settle disputesNEW YORK (Reuters) - AIG and former chief executive Maurice "Hank" Greenberg have reached an agreement to bury a long-standing, bitter legal battle and the insurer will turn over materials the former boss can use to write his memoir, as well as prized photographs and a Persian carpet.Source: Reuters: Business News | 25 Nov 2009 | 4:04 pm Tower profits up 24pcInsurance and wealth management company Tower has lifted full year net profit 23.8 per cent to $50.1 million.The result was underpinned by growth across each of Tower's three businesses - Health & Life, General Insurance and Investments,...Source: nzherald.co.nz - Business | 25 Nov 2009 | 4:00 pm How the major stock indexes fared on Wednesday (AP)AP - A drop in unemployment claims and a rise in home sales pulled the stock market higher in light trading ahead of Thanksgiving.Source: Yahoo! News: Stock Markets News | 25 Nov 2009 | 3:55 pm AIG settles legal battle with Hank GreenbergAIG said Wednesday it agreed to settle legal disputes with the insurance giant's former chairman, Maurice "Hank" Greenberg.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 3:49 pm Dow hits new '09 high ahead of holidayStocks climbed Wednesday in a thinly-traded session ahead of Thanksgiving, as investors welcomed a bigger-than-expected drop in weekly jobless claims.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 3:44 pm Airlines balk at Brussels rescue fund planEuropean airlines criticise moves to force the industry to set up a compensation fund for passengers stranded by failed carriers as a costly response to an ‘infinitesimally small’ problemSource: Financial Times - US homepage | 25 Nov 2009 | 3:44 pm Shares: Tower shares race ahead after profit reportShares in insurance and wealth management company Tower raced ahead after the company reported a 23.8 per cent rise in full year net profit to $50.1Source: nzherald.co.nz - Business | 25 Nov 2009 | 3:37 pm Microsoft's man from Matamata bows outChris Liddell - the highest flying executive this country has produced - shocked markets yesterday when he announced he is stepping step down as chief financial officer at Microsoft.But down the phone from Seattle, Liddell sounds...Source: nzherald.co.nz - Business | 25 Nov 2009 | 3:30 pm Getting PersonalChris Farrell joins Tess Vigeland to answer questions about employers and 401(k) contributions.Source: Marketplace Money | 25 Nov 2009 | 3:30 pm Dubai shock after debt standstill callRequest by indebted government holding company raises spectre of default in Middle East trading hubSource: Financial Times - US homepage | 25 Nov 2009 | 3:29 pm Afghanistan: Pay for it or charge it?War is expensive, and it's about to get more so if the U.S. government escalates its military efforts in Afghanistan.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 3:20 pm Allied jumps gun over reportAllied Farmers says the independent report on its proposed debt for equity swap with Hanover investors concludes that the offer is "fair", superior to the current moratorium or receivership, and that a better offer is unlikely.However...Source: nzherald.co.nz - Business | 25 Nov 2009 | 3:00 pm Hershey moves closer to Cadbury bidThe charitable trust that controls Hershey, the US chocolate maker, has taken the first steps towards winning the local political approval it may need to outbid Kraft with a $17bn offer for CadburySource: Financial Times - US homepage | 25 Nov 2009 | 2:56 pm Stocks end higher on jobless claims, home sales (Reuters)
Source: Yahoo! News: Stock Markets News | 25 Nov 2009 | 2:36 pm Fed told rule change could help with exit: sourceNEW YORK (Reuters) - A handful of banks have told the Federal Reserve they could do more to support the central bank's exit from its emergency cash infusions if a key accounting rule was changed, according to a person familiar with the situation.Source: Reuters: Business News | 25 Nov 2009 | 2:24 pm Leibowitz on Cruise Lines, Wedbush’s White on Toys: AudioSource: Bloomberg - All Podcasts | 25 Nov 2009 | 2:18 pm Why being a shopaholic isn't so badLee Eisenberg, author of the book "Shoptimism: Why the American Consumer Will Keep on Buying No Matter What," talks with Tess Vigeland about how shopping can actually provide meaning in our lives.Source: Marketplace Money | 25 Nov 2009 | 2:12 pm Gold hits record on talk of Indian buyingRead full story for latest details.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 2:02 pm Companies set to defy EU accounting rule delayFour companies say that they are looking to use the so-called IFRS 9 rules as ‘proforma’ accounts for 2010 and may begin to prepare the numbers for internal use for this year endSource: Financial Times - US homepage | 25 Nov 2009 | 1:57 pm Startups play matchmaker to challenge mutual funds (AP)AP - If you're unhappy with your mutual fund, you can easily find another. After all, there are nearly 8,000 to choose from.Source: Yahoo! News: Business | 25 Nov 2009 | 1:52 pm Struggling shops face empty shelvesWith sales slow and credit tight, small merchants are scrambling to stock their shelves for the year's biggest shopping season.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 1:19 pm TSX pushes higher on golds, financials (Reuters)Reuters - Toronto's main stock index was higher on Wednesday morning, as red-hot gold prices boosted shares of resource issues, while financials were helped by mostly healthy U.S. economic data.Source: Yahoo! News: Stock Markets News | 25 Nov 2009 | 1:17 pm 11 reasons to get up early FridayHoliday ad circulars shows post-Thanksgiving shoppers can score crazy deals -- like an LCD HDTV at half price, or a Nikon camera marked down 40%.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 1:10 pm Podcast: The Most Wasteful Time Of Year
All I want for Christmas is... (Brylan/Flickr) On today's Planet Money: Economist Joel Waldfogel says giving gifts people don't want isn't just bad for the recipients, it's bad for the economy. According to his research, billions of dollars are wasted each year because of holiday shopping. A professor at Wharton, he has spent years surveying his students about the value of gifts they have received. Based on those surveys, Waldfogel says the spending others do for us produces about 20 percent less satisfaction than the spending we do for ourselves. Despite the title of his book, Scroogenomics: Why You Shouldn't Buy Presents For The Holidays, Waldfogel says he doesn't want to end gift giving, in fact he enjoys it. He says he just wants us to think harder about who we are buying for and maybe choose a gift card over that reindeer sweater. Download the podcast; or subscribe. Music: Tom Petty's "Christmas All Over Again." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 25 Nov 2009 | 1:00 pm Bankruptcies spike 33%The total number of bankruptcies filed in the third quarter surged 33% in 2009 and is at the highest level since 2005, according to data released Wednesday.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 12:54 pm Greenhaus Cites `Fear Mongering' for Dollar's Decline: AudioSource: Bloomberg - All Podcasts | 25 Nov 2009 | 12:39 pm Option ARMs: Housing recovery killer?Option-ARMs: File under, "It sounded good at the time."Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 12:38 pm Michael Holland Likes Global Equity Market ETFs: AudioSource: Bloomberg - All Podcasts | 25 Nov 2009 | 12:37 pm Write-Offs: 11.25.09
$$$ Vintage Bill Griffeth [YouTube] $$$ Over 52 Years, These Men Have Evolved Into Movers and Shakers--Together [WSJ via Daily Intel] $$$ Best Buy: No Way To Sell Apples [The Big Money] $$$ Jay-Z Was At Goldman Sachs Today. [GofG] $$$ That's it for us today. Happy Thanksgiving. I hope you all have a great holiday. Even you! Brief posting/moral support for those working on Friday. We're thankful for taxpayer-supported Goldman bonuses, not getting killed, the Journal's headcut of Jim Simons, my friend who does the best impression of the lesser quoted GGR speech (and gets the inflection on "asshole" and "fairy" just right), this guy, and not having to eat cat food and huff glue to stay warm. 
 Source: Dealbreaker | 25 Nov 2009 | 12:13 pm Want To Have Your Mortgage Wiped Out And Feel Like You're In A Seinfeld Episode?
Spinner excoriated OneWest for repeatedly refusing to work out a deal, for misleading him about the dollar amounts at stake in the case, and for its treatment of the couple over months of hearings. He erased up to $291,000 in principal and $235,000 in interest and penalties and said he canceled the debt because the bank "must be appropriately sanctioned so as to deter it from imposing further mortifying abuse against [the couple]."
Source: Dealbreaker | 25 Nov 2009 | 11:57 am Can Google Wave replace email?Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 11:56 am SEC probes derivatives in insider trading cases (Reuters)Reuters - U.S. regulators are increasingly looking beyond stocks in their insider trading investigations to examine derivatives and credit default swaps, a top Securities and Exchange Commission official said.Source: Yahoo! News: Stock Markets News | 25 Nov 2009 | 11:56 am Fed Moves To Stamp Out Conflicts Of Interest, Interest In Regional DirectorshipsRemember that whole nasty incident with former New York Fed Chairman Stephen Friedman? The Fed sure does. And it's taking steps to make sure no one on the boards of its 12 regional banks can have those annoying perceived conflicts of interest, because the public gets really pissed off when a bank you're bailing out happens to have a representative on the inside. From now on, any B or C class director on any regional Fed board affiliated with any company that becomes affiliated with the Fed has to quit one job or the other within 60 days. During those 60 days, he or she still gets to draw a paycheck, but doesn't get to play with his or her fellow Fed directors during that time.
Source: Dealbreaker | 25 Nov 2009 | 11:30 am Moderates face heavy pressure on health billA handful of Democrats will be on the frontline of Senate debate on the divisive reform, writes Anna FifieldSource: Financial Times - US homepage | 25 Nov 2009 | 11:27 am Toyota Expands High-Profile RecallBy Daniel Costello The car giant announced that starting in January it will fix or replace pedals in 3.8 million Toyota and Lexus vehicles to prevent runaway acceleration first blamed on improperly installed floor mats. Toyota launched the voluntary recall one month after a 2009 Lexus ES 350 sped out of control on a San Diego highway, killing off-duty California Highway Patrol Officer Mark Saylor, his wife, Cleofe Lastrella; their daughter Mahala; and Chris Lastrella, Cleofe's brother. The case has received widespread attention after audio tapes of the final moments were captured as Chris Lastrella made a frantic 911 call describing Saylor's futile efforts to stop the car, which crashed through an embankment and burned. The recall affects the 2007-2010 Toyota Camry, the 2004-2009 Toyota Prius, the 2005-2010 Toyota Avalon, the 2005-2010 Tacoma, the 2007-2010 Toyota Tundra, the 2007-2010 Lexus ES 350 and the 2006-2010 Lexus IS 250 and IS 350. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 25 Nov 2009 | 11:03 am A look at economic developments around the globe (AP)AP - A look at economic developments and activity in major stock markets around the world Wednesday:Source: Yahoo! News: Stock Markets News | 25 Nov 2009 | 10:54 am A look at economic developments around the globe (AP)AP - A look at economic developments and activity in major stock markets around the world Wednesday:Source: Yahoo! News: Business | 25 Nov 2009 | 10:54 am Retailers strategize to lure shoppersBlack Friday is almost upon us. This time around, retailers are coming up with new ways to keep customers coming without giving away the store. Sally Herships reports.Source: Marketplace | 25 Nov 2009 | 10:51 am Diddy to market fragrances at HSNRap mogul Sean 'Diddy' Combs will appear on the Home Shopping Network to promote his line of fragrances. Nancy Marshall Genzer reports.Source: Marketplace | 25 Nov 2009 | 10:45 am China can't deny market forces foreverChina is getting richer and more powerful, but the markets are as well. Commentator David Frum says not even China can successfully tangle with them for long.Source: Marketplace | 25 Nov 2009 | 10:45 am The real deal on weak market volumeSenior business correspondent Bob Moon talks with Tess Vigeland about whether baby boomers have started cashing out of the stock market for good.Source: Marketplace | 25 Nov 2009 | 10:45 am Private contracts drive Afghan economyPrivate contractors outnumber U.S. troops in Afghanistan. Steve Henn reports these contracts play an important role in the Afghan economy.Source: Marketplace | 25 Nov 2009 | 10:44 am Banking sector growth slowsOnly three banks have opened in the third quarter this year, the fewest since World War II. Bill Hawkins, CEO of one of those banks, talks with Tess Vigeland about how hard it is to open up in this environment.Source: Marketplace | 25 Nov 2009 | 10:44 am Dubai World seeks to delay debt repayThe government-owned company Dubai World is asking for more time to pay its debts. Stephen Beard reports.Source: Marketplace | 25 Nov 2009 | 10:44 am The effects of Toyota's recallToyota is recalling 3.8 million vehicles in the U.S. to fix accelerator pedals. Jeremy Hobson reports on what that means for customers, dealers and the carmaker.Source: Marketplace | 25 Nov 2009 | 10:44 am Stovall Sees High Single-Digit S&P 500 Returns in 2010: AudioSource: Bloomberg - All Podcasts | 25 Nov 2009 | 10:42 am Blumenthal Says Ratings Companies Distort Purposes: AudioSource: Bloomberg - All Podcasts | 25 Nov 2009 | 10:39 am Gluskin’s Rosenberg Sees U.S. Wages Flat to Negative: AudioSource: Bloomberg - All Podcasts | 25 Nov 2009 | 10:36 am Yamarone, Kotok Discuss Economy, Emerging Markets: AudioSource: Bloomberg - All Podcasts | 25 Nov 2009 | 10:34 am The 5 Best Websites for Finding Cyber Monday Deals
Cyber Monday, the biggest Internet shopping day of the year, happens on November 30. As a shopping day, it’s not quite as involved as Black Friday. You can hit up Cyber Monday in your pajamas. It still pays, however, to know where to find deals. We created a list of the five best websites to find Cyber Monday deals below. We didn’t add obvious ones, like eBay and Amazon, because we figured you probably know about those. The sites below compile Cyber Monday bargains so that you can find the ones you want quickly, without an excess of Google searches. Happy shopping: Features: Shop.org invented the term “Cyber Monday.” Their extensive database of more than 700 stores has your Cyber Monday needs covered. You can scroll through deals at the top of the page, scroll through merchants, or find deals by searching through coupon-style icons below that. The website appears busy at first, so you have to get accustomed to navigating through all the information. All proceeds from CyberMonday.com go to a scholarship fund for students studying ecommerce–a nice touch. 2. Dealio’s Cyber Monday Dealio’s Cyber Monday has a simple interface that makes it easy to navigate. Explore the site by store logo, product, or featured deals. Their complete list of ads by store is helpful. If you want to keep your Cyber Monday search simple (and potentially faster), start here. Their blog also offers good tips and deals. 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 more information. The interface design makes this a good site to find deals by store. Features: Offers.com’s Cyber Monday homepage features coupon codes, making it easy to browse discounts by company. Sidebars offer easy access to stores and product listings. The site syncs with other Offers.com features, including a customized store watchlist and an As Seen on TV section. Their blog covers ongoing deals throughout the season. 5. Digital Editor’s Cyber Monday Features: The best feature on this site is its large database of retailers with sales or discounts. The homepage has coupon codes by store. Since many stores have more than one coupon, navigating to your preferred deals can be laborious. Unfortunately, the site lacks a search box, so the best way to find your favorite deals is to search on the main list.
Source: Business Pundit | 25 Nov 2009 | 10:32 am Levitt Calls Calpers Dropping BlackRock `Very Big Deal': AudioSource: Bloomberg - All Podcasts | 25 Nov 2009 | 10:32 am Beijing accused of private sector attackChina is facing a growing backlash from prominent figures in business and academia over claims that there has been creeping renationalisation in parts of the economy during the last yearSource: Financial Times - US homepage | 25 Nov 2009 | 10:32 am Awww, Bill Griffeth Is Leaving CNBC (For A Year)
Source: Dealbreaker | 25 Nov 2009 | 10:27 am FTSE 100 closes higher (AFP)
Source: Yahoo! News: Stock Markets News | 25 Nov 2009 | 10:21 am Buy Lloyd Blankfein's House (NOW ON SALE)
Source: Dealbreaker | 25 Nov 2009 | 10:16 am 5 reasons banks don't get itYou might think your bank would be rolling out the red carpet for you right now. Barely a year ago the biggest players nearly obliterated themselves and the economy with freewheeling lending practices and needed your tax dollars to bail them out. And with investment banking and commercial lending shaky for now, banks need your retail business more than ever.Source: Business and financial news - CNNMoney.com | 25 Nov 2009 | 10:12 am Capmark Financial gets OK to sell units (AP)AP - Capmark Financial Group Inc. said it has received approval to complete the $515 million sale of its North American servicing and mortgage banking units to a joint venture owned by Warren Buffett's Berkshire Hathaway Inc. and Leucadia National Corp.Source: Yahoo! News: Business | 25 Nov 2009 | 9:59 am Obama to offer cuts at CopenhagenBarack Obama will travel to Copenhagen next month for the global summit on climate change at which he will offer to reduce the US’s greenhouse gas emissions by 17% from 2005 levels by 2020Source: Financial Times - US homepage | 25 Nov 2009 | 9:53 am Retail Gimmicks More Fine-Tuned for Black Friday (AAPL, AMZN, WMT, BBY, COST, TGT, KSS, M, JWN)Black Friday is under 48 hours away. We have seen much data and much analysis out there on the topic, but there are two fairly easy conclusions here…. well, make it three. First and foremost is that consumers are still going to get deals galore. The add-in third notion, or the second, is that inventories [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Nov 2009 | 9:51 am Toyota to Repair Gas Pedals, Brake Systems After Recall
After a major recall in September, Toyota is installing new brake systems and shorter gas pedals on about 3.8 million cars. After those modifications, the cars will no longer be in danger of accelerating unintentionally. The Detroit Free Press reports: For 2005 through 2010 model year Toyota Avalons, 2007 through 2010 Camry and Lexus ES350, the automaker will reconfigure the floor surface beneath the pedal to create more space between the pedal and the floor. The action is designed to address the root cause of the unintended acceleration, which Toyota previously blamed on floor mats becoming trapped between drivers’ feet and the gas pedal. The brake over-ride system that will be offered on the Camry, Avalon and Lexus ES and IS models should ensure the car stops if both the accelerator and brake pedals are applied at the same time. Many of the reported incidents involved sudden increases in speed when the cruise control system is engaged. Drivers have reported that their brakes could not stop their vehicles when they experienced the phenomenon. The problem, which allegedly has caused more than a dozen fatalities and resulted in more than 100 formal complaints to the National Highway Traffic Safety Administration, has presented the most serious challenge yet to Toyota’s reputation as the auto industry’s quality leader. The gas pedal announcement comes after a major Tundra recall, announced yesterday (CNN): The National Highway Traffic Safety Administration said that road salts can cause “excessive corrosion” of the Toyota Tundra’s frame, which holds a spare tire mounted underneath the vehicle. NHTSA said dislodged spare tires can cause hazards for other vehicles on the road. The corrosion can also damage the rear brake lines and lead to brake system failures, the NHTSA said. Doesn’t exactly make you want to buy a Toyota.
Source: Business Pundit | 25 Nov 2009 | 9:49 am What Should Tim Geithner's Next Job Be?
"The president must support his secretary and at the same time figure a way to ease him out of his position," the analyst explained. "So what is the solution? Clearly Mr. Geithner must, at some point in the next few months, be moved to a very prestigious position outside the Treasury."
Source: Dealbreaker | 25 Nov 2009 | 9:46 am Snub Of The Century: Pandit Left Waiting For A Call That Never Came
It seems that the CEO of our favorite wholly-owned subsidiary of the U.S. government was in Washington, D.C., waiting by the phone in his hotel room, hoping against hope that he'd get a last-minute invite to dine under the Big Top on the White House lawn with his countryman, Indian Prime Minister Manmohan Singh. But that call never came, leaving Pandito all dressed up with nowhere to go.
Source: Dealbreaker | 25 Nov 2009 | 9:24 am Coldwater Creek drops as 3Q results miss views (AP)AP - Shares of Coldwater Creek Inc. slumped Wednesday after the women's apparel retailer posted a third-quarter loss that missed Wall Street's expectations.Source: Yahoo! News: Business | 25 Nov 2009 | 9:04 am Hedge Funds Deserving Of 80 Billion Thank Yous Tomorrow
You know all that money you've raised to help pay the government back and to cover all of those catastrophic losses? Well, it seems that a big, fat chunk of it came from hedge funds. About 40% of it, according to Morgan Stanley.
Source: Dealbreaker | 25 Nov 2009 | 8:47 am Presented By:Source: Dealbreaker | 25 Nov 2009 | 8:47 am DOE Oil Inventory Heads the Right Way (OIH, DIG, USO, OIL)The Department of Energy has just released this week’s oil inventories data. While there are gains almost on all counts, this may not be enough. The key ETFs around the news are the Oil Services HOLDRs (NYSE: OIH), the Ultra Oil & Gas ProShares (NYSE: DIG), the United States Oil (NYSE: USO) ETF and 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 | 8:43 am Windstream moves listing to Nasdaq (AP)AP - Windstream Corp. says it is moving its share listing to the Nasdaq stock market from the New York Stock Exchange.Source: Yahoo! News: Stock Markets News | 25 Nov 2009 | 8:40 am Juckes Says Fed Policy Is Slowing U.S. Savings Rate: AudioSource: Bloomberg - All Podcasts | 25 Nov 2009 | 8:36 am McKee Sees Stocks Extending Rally for Many Months: AudioSource: Bloomberg - All Podcasts | 25 Nov 2009 | 8:34 am Did Raj Rajaratnam's Brother (Maybe) Get Into The Insider Trading Business To Score Chicks?
"It definitely feels like there are less quality women out there," said Rengan Rajaratnam, 31, a hedge fund analyst in New York. "I stress about it. It's like they've all gone away or someone snatched them all."
Source: Dealbreaker | 25 Nov 2009 | 7:25 am Consumers Get On Their Feet, Oil Could Reach $100By Daniel Costello Separately on Wednesday, data showed that new jobless claims fellto the lowest level in more than a year last week. Personal consumption expenditures rose by 0.7 percent in October, reversing a drop the prior month. Incomes also rose last month, but at a slower pace than spending, climbing by 0.2 percent. Crude futures traded higher in reaction to a weaker U.S. dollar, and some analysts expect oil to break the $100 a barrel mark in the coming months. And the luxury goods market appears to be stabilizing, as Tiffany and other top-line retailers continue to report better-than-expected earnings. The jeweler reported U.S. sales were lower in the third quarter, contributing to a 1 percent profit decline. But results, which topped its own expectations, led Tiffany to raise its full-year forecasts. Tiffany said the rate of sales decline in the U.S. slowed through the quarter and many countries in Asia and Europe achieved better-than-expected sales. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 25 Nov 2009 | 7:20 am Today’s Best Market Rumors (11/25/2009) (GE)(AAPL)Updated throughout the day Calpers has launched an investigation of its own oversight practices (LA Times) Hedge fund assets may rebound to pre-crisis levels (Reuters) GE’s (NYSE:GE) stock price is about to take a run up (The Street) Facebook and Twitter are preparing IPOs (The Deal) GM will close Saab (various) The Apple (NASDAQ:AAPL) iPhone will be sold at the UK’s largest [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Nov 2009 | 7:07 am Garmin Navigation May Triumph Over Google at Christmas (GRMN, GOOG)Garmin Ltd. (NASDAQ: GRMN) took it right on the chin in recent weeks after Google Inc. (NASDAQ: GOOG) launched its personal navigation system as an app on its new smartphones for free. Despite the company’s guidance and earnings, this stock slid and slid rapidly as shares went from $38.00 down to under $28.00 before its [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Nov 2009 | 7:05 am Jobless Data Triumphs in Economic Data DelugeWe just had a deluge of economic data in Personal Income & Spending for September, a rather solid figure on weekly jobless claims and in continuing jobless claims, and a somewhat tepid durable goods orders data. While there is still nothing robust, the jobs data this morning is the tipping point that allowed equities to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Nov 2009 | 6:43 am Top 10 Analyst Upgrades, Downgrades, Initiations (BRCD, DRWI, EMC, JDSU, MSFT, NRG, NTAP, SVVS)These are this mornings top 10 analyst upgrades, downgrades, and initiations seen from Wall Street research calls. In fact, because today is a short day or partial off for most, there are not even a full ten impact calls: Brocade Communications Systems (NASDAQ: BRCD) Cut to Hold at Canaccord Adams. DragonWave (NASDAQ: DRWI) Started as Overweight at [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Nov 2009 | 6:23 am The Difference Between Geeks and Nerds
Source: Business Pundit | 25 Nov 2009 | 4:45 am Wal-Mart (WMT) Big Winner In Online Holiday Shopping TrafficMore than 13% of people who went to the top 500 retail websites went to Walmart.com for the week ending November 21. The number was up 77% from the previous week, which is not strange because interest in buying holiday gifts should be about to peak. What is surprising about the numbers from online research firm Experian [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Nov 2009 | 3:45 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
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