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Motorists, experts say throttles, not floor mats, to blame for sudden acceleration in Toyota, Lexus modelsAmid widening concern over acceleration events, Toyota has cited 'floor mat entrapment.' But reports point to another potential cause: the electronic throttles that have replaced mechanical systems. ...Source: RSS feed - channel BNPaperBusiness | 29 Nov 2009 | 1:00 am Motorists, experts say throttles, not floor mats, to blame for sudden acceleration in Toyota, Lexus modelsAmid widening concern over acceleration events, Toyota has cited 'floor mat entrapment.' But reports point to another potential cause: the electronic throttles that have replaced mechanical systems.Eric Weiss was stopped at a busy Long Beach intersection last month when he said his 2008 Toyota Tacoma pickup unexpectedly started accelerating, forcing him to stand on the brakes to keep the bucking truck from plowing into oncoming cars.
Source: L.A. Times - Business | 29 Nov 2009 | 1:00 am Abu Dhabi to aid Dubai "case by case": officialABU DHABI (Reuters) - Abu Dhabi, capital of the United Arab Emirates and one of the world's top oil exporters, will "pick and choose" how to assist its debt-laden neighbor Dubai, a senior Abu Dhabi official said on Saturday.Source: Reuters: Business News | 28 Nov 2009 | 2:57 am Black Friday shoppers stream into storesMany wait for hours to buy giant flat-screen TVs and other 'door-buster' bargains. But whether all the foot traffic translates into strong sales is yet to be determined.Shoppers stormed Southland malls Friday in a quest for discounted merchandise, some getting into fights as they rushed to nab cheap electronics and video games.
Source: L.A. Times - Business | 28 Nov 2009 | 1:00 am Stocks slump as news of Dubai debt crisis sinks inThe Dow Jones industrial average closes down 154 points, a slight recovery from earlier losses. World markets react strongly to Dubai's announcement that it would freeze its debt repayments.Stock markets sank in the U.S. and Asia on Friday as investors scrambled to determine whether a debt crisis in the Middle Eastern emirate of Dubai would infect credit markets around the globe.
Source: L.A. Times - Business | 28 Nov 2009 | 1:00 am U.S.-South Korea free-trade pact stalls over politicsThe U.S. could use a boost in exports, some analysts say, but a deal with South Korea isn't likely any time soon.At a time when the United States desperately needs to boost exports and create jobs, America's free-trade pact with South Korea offers the promise of doing both, say many analysts and businesses especially on the West Coast.
Source: L.A. Times - Business | 28 Nov 2009 | 1:00 am Americans boosting investments in foreign markets despite high risksAmid a plunge in many overseas stock markets prompted by the Dubai debt crisis, there's mounting concern that investors are rushing overseas too aggressively.Manny Mashhoud has done well investing in U.S. stocks for two decades, but the Glendale insurance executive fears that the country's economy could be restrained for several years by high unemployment and the lingering trauma of the recession.
Source: L.A. Times - Business | 28 Nov 2009 | 1:00 am L.A., Long Beach ports' feud resurfacesShould truckers be required to work for companies -- and therefore more likely to unionize? The ports disagree so strongly, economists worry that customers might avoid the harbor altogether. ...Source: RSS feed - channel BNPaperBusiness | 28 Nov 2009 | 1:00 am Books about money, for 4-year-olds to teensStart with 'The Berenstain Bears' and move your kid up to 'Prepare to Be a Teen Millionaire.' Good money habits start at a young age. ...Source: RSS feed - channel BNPaperBusiness | 28 Nov 2009 | 1:00 am Car rental firms may charge no-showsEconomic factors force the industry to consider imposing such penalties, which have long been standard for hotels and airlines.If you reserve a hotel room and fail to show up, your credit card gets charged for the room. If you buy an airline ticket and don't show up at the gate before takeoff, the best you can get is credit toward a future flight.
Source: L.A. Times - Business | 28 Nov 2009 | 1:00 am Business BriefingKohl's site overwhelmed by shoppersSource: RSS feed - channel BNPaperBusiness | 28 Nov 2009 | 1:00 am L.A., Long Beach ports' feud resurfacesShould truckers be required to work for companies -- and therefore more likely to unionize? The ports disagree so strongly, economists worry that customers might avoid the harbor altogether.Just 13 months after Los Angeles and Long Beach set their maritime rivalry aside to fight diesel pollution at the nation's busiest seaport complex, the partnership has collapsed.
Source: L.A. Times - Business | 28 Nov 2009 | 1:00 am Google's book-scanning deal is not sealed yetA revised settlement satisfies some objections, but questions over copyright and antitrust laws remain.Google Inc.'s settlement with authors and publishers over the digital scanning of books got a preliminary approval from a federal judge last week, but the controversy may be far from over.
Source: L.A. Times - Business | 28 Nov 2009 | 1:00 am Stocks slump as news of Dubai debt crisis sinks inThe Dow Jones industrial average closes down 154 points, a slight recovery from earlier losses. World markets react strongly to Dubai's announcement that it would freeze its debt repayments. ...Source: RSS feed - channel BNPaperBusiness | 28 Nov 2009 | 1:00 am Cyber Monday Double Credits at The James Hotel in ChicagoThe James Chicago is running a 2009 Cyber Monday hotel special. Visit The James online at jameshotels.com on Monday November 30 and purchase "James Credits" and get double credits of...Source: RSS feed - channel BNewsBusiness | 28 Nov 2009 | 1:00 am U.S.-South Korea free-trade pact stalls over politicsThe U.S. could use a boost in exports, some analysts say, but a deal with South Korea isn't likely any time soon. ...Source: RSS feed - channel BNPaperBusiness | 28 Nov 2009 | 1:00 am Business BriefingKohl's site overwhelmed by shoppers
Source: L.A. Times - Business | 28 Nov 2009 | 1:00 am Google's book-scanning deal is not sealed yetA revised settlement satisfies some objections, but questions over copyright and antitrust laws remain. Google...Source: RSS feed - channel BNPaperBusiness | 28 Nov 2009 | 1:00 am Black Friday shoppers stream into storesMany wait for hours to buy giant flat-screen TVs and other 'door-buster' bargains. But whether all the foot traffic translates into strong sales is yet to be determined. ...Source: RSS feed - channel BNPaperBusiness | 28 Nov 2009 | 1:00 am Books about money, for 4-year-olds to teensStart with 'The Berenstain Bears' and move your kid up to 'Prepare to Be a Teen Millionaire.' Good money habits start at a young age.The approach of a new decade means a chance for a fresh start with your financial habits. Maybe your kids could use a nudge in that direction too.
Source: L.A. Times - Business | 28 Nov 2009 | 1:00 am Car rental firms may charge no-showsEconomic factors force the industry to consider imposing such penalties, which have long been standard for hotels and airlines. ...Source: RSS feed - channel BNPaperBusiness | 28 Nov 2009 | 1:00 am Hershey fits Cadbury outlook: chief execUS chocolate maker Hershey is culturally a good match for Cadbury, the British confectioner's chief executive said in an interview out Saturday. Todd Stitzer told the Financial Times...Source: RSS feed - channel BNewsBusiness | 27 Nov 2009 | 11:41 pm Wall Street braces for Dubai debt fallout, jobs data (AFP)
Source: Yahoo! News: Stock Markets News | 27 Nov 2009 | 9:30 pm Albuquerque company wins $32.5M spaceport contractA $32.5 million contract to build Spaceport America's terminal and hangar facility has been awarded to a New Mexico firm. New Mexico Spaceport Authority executive director Steve LandeeneSource: RSS feed - channel BNewsBusiness | 27 Nov 2009 | 9:02 pm Americans boosting investments in foreign markets despite high risksAmid a plunge in many overseas stock markets prompted by the Dubai debt crisis, there's mounting concern that investors are rushing overseas too aggressively. ...Source: RSS feed - channel BNPaperBusiness | 27 Nov 2009 | 9:01 pm Dubai's threat to U.S. banksThe news that the sovereign wealth fund of Dubai requested a postponement of billions of dollars of debt this week could pose a big problem for U.S. banks.Source: Business and financial news - CNNMoney.com | 27 Nov 2009 | 8:56 pm China YiBai Wins Two Industrial AwardsDALIAN, China, Nov. 27 /PRNewswire-FirstCall/ -- China YiBai United Guarantee International Holding Inc. (Pink Sheets: CBGH) (hereafter referred to as "China...Source: RSS feed - channel BNewsBusiness | 27 Nov 2009 | 8:03 pm Jobs data eyed, but Dubai is the wild cardNEW YORK (Reuters) - Dubai, jobs data, Black Friday results and a chance for Congress to throw fireballs at Fed chief Ben Bernanke: The U.S. stock market's path to glory is fraught with peril next week.Source: Reuters: Business News | 27 Nov 2009 | 7:47 pm Audit would hurt economic prospects: BernankeWASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Friday congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic and financial health in the future.Source: Reuters: Business News | 27 Nov 2009 | 7:28 pm Audit would hurt economic prospects: Bernanke (Reuters)
Source: Yahoo! News: Business | 27 Nov 2009 | 7:24 pm Bernanke-audit would hurt economic prospectsWASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Friday congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could...Source: RSS feed - channel BNewsBusiness | 27 Nov 2009 | 6:34 pm Bank of America amends pay for senior executivesNEW YORK (Reuters) - Bank of America Corp , the largest U.S. bank, amended on Friday the compensation agreements of two senior executives, following a review by the pay czar.Source: Reuters: Business News | 27 Nov 2009 | 6:32 pm Bank of America amends pay for senior executivesNEW YORK (Reuters) - Bank of America Corp , the largest U.S. bank, amended on Friday the compensation agreements of two senior executives, following a review by the pay czar.Source: RSS feed - channel BNewsBusiness | 27 Nov 2009 | 6:32 pm Black Friday crowds eager to spendAlthough Black Friday seemed to be missing the usual mayhem associated with it, the good news for merchants was that shoppers eagerly spent money on toys, cashmere sweaters, Snuggie blankets and gadgets at juicy discounts .Source: Business and financial news - CNNMoney.com | 27 Nov 2009 | 5:37 pm Jobs data eyed, but Dubai is the wild cardNEW YORK (Reuters) - Dubai, jobs data, Black Friday results and a chance for Congress to throw fireballs at Fed chief Ben Bernanke: The U.S. stock market's path to glory is fraught with...Source: RSS feed - channel BNewsBusiness | 27 Nov 2009 | 5:17 pm Jobs data eyed, but Dubai is the wild card (Reuters)
Source: Yahoo! News: Stock Markets News | 27 Nov 2009 | 5:17 pm Jobs data eyed, but Dubai is the wild card (Reuters)
Source: Yahoo! News: Business | 27 Nov 2009 | 5:17 pm Black Friday sales seen strong, but will it last?NEW YORK (Reuters) - U.S. consumers turned out in strong numbers to hunt for holiday bargains on Black Friday, though many said they were spending selectively and industry executives questioned whether the momentum would last.Source: Reuters: Business News | 27 Nov 2009 | 5:03 pm Dubai debt problems cast shadow over regionFor years, Dubai seemed unstoppable, an oasis of excess boasting indoor ski slopes and manmade islands, the world's tallest tower and dreams that reached even higher. Now the bills are...Source: RSS feed - channel BNewsBusiness | 27 Nov 2009 | 5:02 pm Energy caps 'not being imposed'Five of the big six energy firms are still overcharging for pre-pay meters, despite new rules from Ofgem, it has been claimed.Source: BBC News | Business | World Edition | 27 Nov 2009 | 5:01 pm Flood insurance 'varies greatly'There is a lack of consistency in the way insurance companies treat flood victims who are looking to make claims, a charity says.Source: BBC News | Business | World Edition | 27 Nov 2009 | 5:01 pm Business travel is on the rise again, says Hogg RobinsonOne of Britain’s biggest business travel operators has reported the first signs of returning confidence among its blue-chip corporate clients. Source: Latest Business News from Times Online | 27 Nov 2009 | 5:01 pm Traders hope Christmas shopping will begin with a bang this weekendShopkeepers hope that the first Christmas of the post-credit crunch era will begin with a bang this weekend on both sides of the Atlantic. Source: Latest Business News from Times Online | 27 Nov 2009 | 5:01 pm Banking’s fragility is exposedThe stock-market rout caused by the Dubai debt fears looked as over the top as the emirate’s skyline. The fall in the value of global share prices was several multiples of the $80 billion ($£50 billion) of Dubai’s total borrowings. Source: Latest Business News from Times Online | 27 Nov 2009 | 5:01 pm Theo Fennell believes he knows how to keep luxury brand specialEven in the salubrious environs of Sloane Square, it is not difficult to see Theo Fennell coming. Dressed head to toe in black, punctuated by a bright pink handkerchief, he arrives from his nearby studio with a warm smile and a firm handshake. Source: Latest Business News from Times Online | 27 Nov 2009 | 5:01 pm Paris and Madrid sign joint-venture deal to create high-speed rail linkSpain and France have agreed to form a company to build a high-speed train line linking Madrid and Paris. Source: Latest Business News from Times Online | 27 Nov 2009 | 5:01 pm A Danger in DubaiThere will be a trace of schadenfreude in Western financial capitals about Dubai’s financial woes this week. During the economic downturn, it has been easy for businesses in the Gulf, buoyed by petrodollars, to buy Western assets cheaply. Sovereign wealth funds have in effect acted as private banks, with minimal disclosure, for the oil-rich to go on a corporate shopping spree in Europe and the US. Source: Latest Business News from Times Online | 27 Nov 2009 | 5:01 pm Piped gas from Russia to boost Britain’s supplies from 2012Britain is to start piping gas directly from Russia for the first time in 2012, according to the chief executive of Nord Stream, the Kremlin-backed gas pipeline venture. Source: Latest Business News from Times Online | 27 Nov 2009 | 5:01 pm Cyber-criminals cashing in with online pharmaciesThousands of Britons are putting their health and bank accounts at risk by going online to buy drugs from bogus internet pharmacies run by Russian cyber-criminals, according to a new report. Source: Latest Business News from Times Online | 27 Nov 2009 | 5:01 pm Dubai debt fears threaten credit crunch 2 — and RBS is exposedThe spectre of “Financial Crisis 2” continued to loom over global markets yesterday after Dubai’s revelation that it may not be able to meet its debt obligations. Source: Latest Business News from Times Online | 27 Nov 2009 | 5:01 pm Weak climate for deals spells closures for ThreshersMore than 2,000 people lost their jobs yesterday as First Quench’s administrators decided to close nearly 400 stores in the Threshers off-licence chain. Source: Latest Business News from Times Online | 27 Nov 2009 | 5:01 pm Zelaya attacks US over electionManuel Zelaya, Honduras’ deposed leader, lashed out at Washington for supporting Sunday’s presidential election, accusing it of weakening the democratic charter in the Americas and dividing the regionSource: Financial Times - US homepage | 27 Nov 2009 | 5:00 pm Cadbury warms to Hershey tie-upCadbury has signalled support for a possible tie-up with Hershey, declaring that the ethical values of the UK confectioner were similar to those of the US groupSource: Financial Times - US homepage | 27 Nov 2009 | 4:30 pm Top Ten: MarketWatch's top stories of the week, Nov. 23-27Black Friday does everything asked of it -- and more pessimists had expected of it -- it fails to wrest Wall Street’s post-holiday spotlight from a corporate debt crisis on the far side of the globe.
Source: MarketWatch.com - Top Stories | 27 Nov 2009 | 4:09 pm New Tools For Tracking Mutual Funds (Investor's Business Daily)Investor's Business Daily - Firms that track mutual funds are always looking for innovation -- new ways to crystal-ball a fund's prospects for outperformance.Source: Yahoo! News: Stock Markets News | 27 Nov 2009 | 4:01 pm NYC mayor spent a record $102M to win a 3rd termMayor Michael Bloomberg spent at least $102 million to narrowly win a third term, breaking his previous records for the most expensive self-financed political bid in U.S. history, accordingSource: RSS feed - channel BNewsBusiness | 27 Nov 2009 | 3:52 pm Black Friday sales seen strong, but will it last? (Reuters)
Source: Yahoo! News: Business | 27 Nov 2009 | 3:40 pm Canadian Markets: Canadian stocks rise, led by financialsCanadian stocks rise, led by financial firms, with investors buying stocks beaten down in the prior session as worries about a debt default in Dubai triggered a global sell-off.
Source: MarketWatch.com - Top Stories | 27 Nov 2009 | 3:40 pm Moody's: No immediate ratings changes on UAE banksMoody's Investor Service said Friday that ratings on banks in the United Arab Emirates were already on review, and that no immediate downgrades are expected in light of Dubai's debt crisis.Source: RSS feed - channel BNewsBusiness | 27 Nov 2009 | 3:37 pm Rothschild appointed to help sell Dubai World assetsBankers from Rothschild have been appointed to help restructure Dubai World with a mandate to dispose of some of the stricken conglomerate's famous assets.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 27 Nov 2009 | 3:33 pm Dollar and government bonds rally as investors seek havensGlobal Markets Overview: Investors moved into dollars as US traders got their first chance to assess the rout in risky assets in the wake of the Dubai World debt restructuringSource: Financial Times - US homepage | 27 Nov 2009 | 3:32 pm Stocks and commodities spooked by Dubai worriesInvestors’ confidence is shaken by worries about Dubai’s debt woes, precipitating a sell-off in commodities and equities, while the dollar, the Japanese yen and U.S. debt find safe-haven buyers.
Source: MarketWatch.com - Top Stories | 27 Nov 2009 | 3:15 pm NewsWatch: U.S. banks less exposed to Dubai than EuropeU.S. banks are probably less exposed than European rivals to a potential debt default by Dubai World, but it's still difficult to know which institutions are ultimately exposed, analysts say.
Source: MarketWatch.com - Top Stories | 27 Nov 2009 | 3:05 pm Abu Dhabi banks have big Dubai exposure: bank execsABU DHABI (Reuters) - Years of chasing business in Dubai's property boom means Abu Dhabi banks have built up an exposure to Dubai-based companies worth at least 30 percent of their loan books, senior bankers in Abu Dhabi said on Friday.Source: Reuters: Business News | 27 Nov 2009 | 3:03 pm Quiet Black Friday on Main StreetBlack Friday was slow and steady for Main Street retailers, a sharp contrast from the door-busting stampede of bargain hunters that rush Wal-Marts and Best Buys across the nation.Source: Business and financial news - CNNMoney.com | 27 Nov 2009 | 2:58 pm Canada high court rules for Wal-Mart in union case (AP)AP - The Supreme Court of Canada said Friday that Wal-Mart Stores Inc. was entitled to close a store in Quebec in 2005, seven months after workers voted to become the first Walmart store in North America to unionize.Source: Yahoo! News: Business | 27 Nov 2009 | 2:55 pm Stocks slide on concerns about Dubai debt fallout (AP)
Source: Yahoo! News: Stock Markets News | 27 Nov 2009 | 2:54 pm Dubai in crisis: the questions and answersDubai, the gulf emirate that has grown explosively over the last decade, is now at the centre of markets' attention on fears that it could struggle to repay its debt.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 27 Nov 2009 | 2:51 pm Bond Report: Treasurys gain as investors dump stocks, oilInvestors take cover in the U.S. bond market as worries about Dubai trigger heavy demand for safe-haven assets.
Source: MarketWatch.com - Top Stories | 27 Nov 2009 | 2:48 pm Holiday message that put Dubai on storm pathLow-key notice about debt repayment made traders wary, reports Louise ArmitsteadSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 27 Nov 2009 | 2:44 pm How the major stock indexes fared on Friday (AP)AP - Stocks tumbled Friday as investors worried that a government-backed investment company in Dubai risked defaulting on $60 billion in debt. The fears ripped through world markets and served as a reminder of how fragile the financial system remains a year after it nearly collapsed.Source: Yahoo! News: Stock Markets News | 27 Nov 2009 | 2:41 pm Prime Minister stays upbeat on Dubai 'setback'Gordon Brown has moved to calm global markets by claiming Dubai's debt crisis will not have a widespread impact.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 27 Nov 2009 | 2:34 pm Dubai crisis hits Wall StUS stocks fell more than 1 per cent this morning as a possible debt default by a Dubai state-owned conglomerate led to fresh concerns about the global financial system.The sell-off was widespread, with selling concentrated mainly...Source: nzherald.co.nz - Business | 27 Nov 2009 | 2:30 pm Golfer Tiger Woods hurt in car accidentThe golf pro was injured in an automobile accident, but suffered only minor injuries and was "admitted, treated and released" from the hospital.
Source: MarketWatch.com - Top Stories | 27 Nov 2009 | 2:21 pm Currencies: Dollar gains on worries over Dubai debtThe U.S. dollar gains from worries about a big debt default in Dubai, but pares that advance as investors say the stituation isn't another Lehman Bros.
Source: MarketWatch.com - Top Stories | 27 Nov 2009 | 2:18 pm U.S. banks less exposed to Dubai than EuropeU.S. banks are probably less exposed than European rivals to a potential debt default by Dubai World, but it's still difficult to know which institutions are ultimately exposed, analysts say.
Source: MarketWatch.com - Top Stories | 27 Nov 2009 | 2:15 pm Pimco: Dubai triggers "overdue correction" in stocksNEW YORK (Reuters) - Rising fears of a possible debt default at a Dubai state-owned conglomerate is the catalyst for an "overdue correction" in equities and risk assets, the chief executive of top bond fund manager Pimco said in an interview on Friday.Source: Reuters: Business News | 27 Nov 2009 | 2:06 pm Pimco: Dubai triggers "overdue correction" in stocks (Reuters)
Source: Yahoo! News: Business | 27 Nov 2009 | 2:06 pm Critics attack Gordon Brown for failing to protect City as EU calls for super-regulatorThe City suffered a double blow on Friday after France won control of the European Union's financial policies and the EU president nation called for a banking super-regulator able to override national authorities.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 27 Nov 2009 | 2:03 pm Why we must consider Dubai's 'careful planning' a work of pure geniusLet's be generous here. Maybe Dubai was just trying to set another record.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 27 Nov 2009 | 1:55 pm Stocks to Watch: Stocks in focus for MondaySAN FRANCISCO (MarketWatch) -- Retail and financial shares are expected to take the center stage in Monday's session with Black Friday and Dubai's financial woes likely to be the two predominant themes in the market
Source: MarketWatch.com - Top Stories | 27 Nov 2009 | 1:52 pm Full steam ahead in National Express dramaThat soap opera on wheels, aka National Express, has provided some cracking episodes lately. But if it carries on like Friday, it'll be taken off the air.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 27 Nov 2009 | 1:51 pm Futures Movers: Oil closes 2% lower as Dubai fears moderateCrude futures drop as much as 7% to their lowest levels in seven weeks, as investors spooked by Dubai’s debt troubles sell assets perceived as risky, including commodities from oil to metals.
Source: MarketWatch.com - Top Stories | 27 Nov 2009 | 1:50 pm Dubai shockwave hits global marketsTremors from the shock request by Dubai’s government-owned holding company for a debt standstill spread through global equity markets, triggering a sell-off in Asia and heavy losses on Wall StreetSource: Financial Times - US homepage | 27 Nov 2009 | 1:48 pm Banks, world leaders play down Dubai debt threat (Reuters)
Source: Yahoo! News: Business | 27 Nov 2009 | 1:48 pm Investors regain nerve following selling spreeWith Thursday's market rout fresh in their minds, equity investors were predictably anxious at the opening and sold heavily, pushing the blue-chip index 1.7pc lower in early trading.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 27 Nov 2009 | 1:39 pm Bargain hunters out in herdsImages of Black Friday shoppers from filled-up parking lots to empty shelves.Source: Business and financial news - CNNMoney.com | 27 Nov 2009 | 1:37 pm Bankers file £15m bonus lawsuit against CommerzbankA group of 21 bankers have filed a lawsuit against Commerzbank alleging they are owed £15m in unpaid bonuses in the latest compensation action to hit the German lender.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 27 Nov 2009 | 1:34 pm Talks begin over key new drug proposalsThe pharmaceuticals industry is to begin talks with the Government about the types of drugs that will be eligible for a key new scheme which allows treatments to be used by the public before they receive regulatory approval.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 27 Nov 2009 | 1:30 pm Dubai debt crisis roils world markets (AFP)
Source: Yahoo! News: Stock Markets News | 27 Nov 2009 | 1:22 pm Wal-Mart's Black Friday: Frenzied, not much dramaThey came by truck, by van and even by taxi.Source: Business and financial news - CNNMoney.com | 27 Nov 2009 | 12:41 pm US shares slide over Dubai fearsWorries about Dubai's debt problems spill over into a second day of trading, leading to more uncertainty on the markets.Source: BBC News | Business | World Edition | 27 Nov 2009 | 12:38 pm Oil falls 2.5 percent on Dubai default worriesNEW YORK (Reuters) - Oil prices settled down more than 2 percent at about $76 a barrel on Friday as fears of possible defaults in Dubai convulsed financial markets and boosted safe-haven demand for the U.S. dollar.Source: Reuters: Business News | 27 Nov 2009 | 12:34 pm Personal finance books for kids, teens and adults (AP)
Source: Yahoo! News: Business | 27 Nov 2009 | 12:30 pm Bookseller mulls floatAustralia's largest bookseller, REDGroup Retail, is considering listing on the local stock exchange early next year as the IPO market thaws. REDGroup, which includes the Australian and New Zealand stores of Borders, Angus & Robertson...Source: nzherald.co.nz - Business | 27 Nov 2009 | 12:30 pm Abu Dhabi expected to prop up smaller brotherWith Dubai raising the possibility that one of its leading entities may default, attention is now focusing on just how far the UAE’s capital is willing to go to bail out the troubled emirateSource: Financial Times - US homepage | 27 Nov 2009 | 12:25 pm U.S. stocks drop, dollar gains on Dubai worryNEW YORK (Reuters) - Fears of a possible Dubai debt default rippled through markets for a second day on Friday, but the exodus from stocks and rush to the safe-haven U.S. dollar slowed as investors discounted contagion.Source: Reuters: Business News | 27 Nov 2009 | 12:25 pm Wall Street stocks drop on Dubai debt crisis (AFP)
Source: Yahoo! News: Stock Markets News | 27 Nov 2009 | 12:09 pm MGM Mirage, HSBC, Satyam, ING are big movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:Source: Yahoo! News: Stock Markets News | 27 Nov 2009 | 11:52 am MGM Mirage, HSBC, Satyam, ING are big movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:Source: Yahoo! News: Business | 27 Nov 2009 | 11:52 am A look at economic developments around the globe (AP)AP - A look at economic developments and activity in major stock markets around the world Friday:Source: Yahoo! News: Stock Markets News | 27 Nov 2009 | 11:51 am Shoppers hear the call of Zhu ZhuZhu Zhu hamsters proved themselves the undisputed kings of Black Friday.Source: Business and financial news - CNNMoney.com | 27 Nov 2009 | 11:49 am Stocks slide on Dubai worries (Reuters)
Source: Yahoo! News: Stock Markets News | 27 Nov 2009 | 11:42 am IAEA censures Iran in step towards sanctionsThe board of the UN’s nuclear watchdog, with rare Russian and Chinese backing, chastises Tehran for building a uranium enrichment plant in secretSource: Financial Times - US homepage | 27 Nov 2009 | 11:27 am Britain failed to establish ‘legitimacy’ of Iraq invasionSir Jeremy Greenstock, Britain’s former ambassador to the UN, tells the Iraq inquiry he believes the ‘legal cover’ for the US-led invasion was of ‘questionable legitimacy’Source: Financial Times - US homepage | 27 Nov 2009 | 11:08 am US retailers report strong ‘Black Friday’ crowdsUS shoppers flocked exuberantly to the stores for the traditional post-Thanksgiving sales, while maintaining the new utilitarian focus that has replaced bubble-era excess since last September’s Wall Street crash.Source: Financial Times - US homepage | 27 Nov 2009 | 11:05 am 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 Sweden rules out state bail-out for SaabSweden’s prime minister has ruled out a government bail-out for Saab Automobile and warned that European leaders must not stand in the way of efforts to tackle overcapacity in the car industrySource: Financial Times - US homepage | 27 Nov 2009 | 10:40 am Bank closure galvanizes communitySometimes changes in bank ownership can be pretty painless for customers. But there are times when a bank's closing makes entire communities care. Adrienne Hill reports.Source: Marketplace | 27 Nov 2009 | 10:39 am Why DVDs are duds for HollywoodEntertainment writer Claude Brodesser Akner talks with Tess Vigeland about why consumers are no longer willing to pay high prices for home viewing.Source: Marketplace | 27 Nov 2009 | 10:39 am Why we can all be philanthropistsIt's the season for giving. But given this economy, you might think that only those who the big bucks can do philanthropy. Commentator Matthew Bishop urges us to think again.Source: Marketplace | 27 Nov 2009 | 10:39 am Weekly Wrap: Spending and debtReuters blogger Felix Salmon and business writer Heidi Moore talk with Tess Vigeland about how consumers might be feeling going into this shopping season and Dubai's debt problems.Source: Marketplace | 27 Nov 2009 | 10:39 am Small retailers push for local supportIt might be Black Friday where you are, but in some cities in the San Francisco Bay Area, it's Plaid Friday. It's all part of efforts to get shoppers to buy from independently-owned, small retailers. Rachel Dornhelm reports.Source: Marketplace | 27 Nov 2009 | 10:38 am Surprise supporters for pay regulationThe public comment period on proposed rules by the Federal Reserve to crack down on executive pay is over. What would the regulations do? John Dimsdale reports.Source: Marketplace | 27 Nov 2009 | 10:38 am Dubai's debt may hurt banking recoveryThe state-owned company Dubai World wants more time to repay its debt. Given that it owes at least $59 billion to creditors, there are concerns a wave of defaults could be on the way. Jeremy Hobson reports.Source: Marketplace | 27 Nov 2009 | 10:38 am TrustPower in bond offerTrustPower is selling $125 million of fixed-rate bonds to the public in an offer which opened yesterday. The offer comprises $75 million of five-year bonds paying 7.6 per cent per annum, and $50 million of seven-year bonds paying...Source: nzherald.co.nz - Business | 27 Nov 2009 | 10:30 am Robert PestonDubai may not be the canary in the coalmineSource: BBC News | Business | World Edition | 27 Nov 2009 | 10:13 am On Wall Street: Apocalypse how?Record gold and negative Treasury yields are a financial odd couple, indicating conflicting bets on inflation or deflation, writes Spencer JakabSource: Financial Times - US homepage | 27 Nov 2009 | 10:11 am France gets key EU Commission jobFrance gets the key internal market post in the new European Commission, whose composition has just been announced.Source: BBC News | Business | World Edition | 27 Nov 2009 | 10:04 am Jaguar Land Rover see sales riseJaguar Land Rover sees its sales rise 23% in the second quarter after its new models were well-received.Source: BBC News | Business | World Edition | 27 Nov 2009 | 10:04 am Opening/Closing/Holiday Bell: 11.27.09
Truce Opens Door For AIG, Greenberg (WSJ) Ex-UBS Banker Seeks Billions for Blowing Whistle (NYT) Dubai Shows Limits of Government Rescues, Roubini's Das Says (Bloomberg) Dubai Debt Freeze to Hit Property Recovery (WSJ) Cramer v. Furor (NYP) For those of you in need of a little holiday cheer: 
 Source: Dealbreaker | 27 Nov 2009 | 10:00 am Putin announces Lada rescue dealFrench carmaker Renault signs a deal to rescue its struggling Russian partner Avtovaz, the maker of Lada cars.Source: BBC News | Business | World Edition | 27 Nov 2009 | 9:33 am Groups contend Arizona bills cross legal lines (AP)AP - The Arizona Supreme Court is being asked to overturn the Legislature's use of budget laws to set state policy on topics ranging from teachers' seniority rights and immigration enforcement to mortgage lawsuits and municipal building codes.Source: Yahoo! News: Business | 27 Nov 2009 | 9:31 am Smartpay makes profitEftpos system provider Smartpay made a net profit before tax of $473,000 in the six months to September 30, including six weeks trading from the ProvencoCadmus assets it purchased from receivers. The profit is a turnaround from...Source: nzherald.co.nz - Business | 27 Nov 2009 | 9:30 am Threshers group axes 2,140 jobsDrinks retailer First Quench, which owns the Threshers chain, is closing a further 391 stores resulting in 2,140 redundancies.Source: BBC News | Business | World Edition | 27 Nov 2009 | 9:20 am Taxpayers to pick up finance sector tabNew Zealand's own sub-prime crisis, the finance company collapse that began with a trickle of failures in 2006 and became a landslide by 2008, entered a period of remission last year with the introduction of the Retail Deposit Guarantee...Source: nzherald.co.nz - Business | 27 Nov 2009 | 9:00 am Australian firms have Dubai exposureCommonwealth Bank of Australia and construction company Leighton are among the Australian companies understood to have some exposure to Dubai World - the investment company which has requested a moratorium on the repayment of US$60...Source: nzherald.co.nz - Business | 27 Nov 2009 | 9:00 am Blowing in an uncertain windWind power - the great green hope to ease fragile electricity supply - is being buffetted from all sides.Wind farm neighbours, courts and economics are hammering away at plans to expand the industry which now provides around 3...Source: nzherald.co.nz - Business | 27 Nov 2009 | 9:00 am Second setback for victims of Blue ChipBlue Chip victims have had another setback in their efforts to gain relief through the courts, with the failure of a second High Court case.Justice Geoffrey Venning has ruled that a representative group of people who invested...Source: nzherald.co.nz - Business | 27 Nov 2009 | 9:00 am Brian Gaynor: DNZ offer fresh slap in face for small investorsThere is a strong argument that the DNZ Property Fund IPO is the worst related party transaction, from a timing point of view, since the dreadful Capital Markets/Fay, Richwhite deal in August 1990.The reason for this is that the...Source: nzherald.co.nz - Business | 27 Nov 2009 | 9:00 am Collapse of booksellers Borders UK puts 1150 jobs at riskBorders UK, the beleaguered bookseller, collapsed yesterday after a day of high drama in which the accountancy firm originally lined up as administrator walked away over a "conflict of interest".The 45-store bookseller, which...Source: nzherald.co.nz - Business | 27 Nov 2009 | 9:00 am New Airbus A400M test flight dateAirbus says its long-delayed A400M military transport aircraft should make its first test flight in early December.Source: BBC News | Business | World Edition | 27 Nov 2009 | 8:54 am House prices 'still increasing'House prices in England and Wales rose by 0.6% in October, the latest survey from the Land Registry says.Source: BBC News | Business | World Edition | 27 Nov 2009 | 8:32 am 5 great gifts for the gearheadSource: Business and financial news - CNNMoney.com | 27 Nov 2009 | 7:43 am Bracing for another market crashQuestion: I'm very worried that we may see another stock market correction. Since the market low of early March, my 401(k)'s value has risen 77%, which seems like an awfully large jump. So last week I moved the majority of my investments into bond and money-market funds, although I did leave 50% of my international holdings intact. Do you think I jumped too soon? --Rick G., Corona, Calif.Source: Business and financial news - CNNMoney.com | 27 Nov 2009 | 6:55 am Best Buy combats doorbuster scalpersThe Black Friday scene at a Best Buy in New Jersey was busy yet calm, despite a large young crowd, damp conditions and attempted doorbuster ticket scalping.Source: Business and financial news - CNNMoney.com | 27 Nov 2009 | 6:43 am UAE faces up to $184 billion total debt: BofA-Merrill LynchLONDON (Reuters) - The United Arab Emirate (UAE) has total debt amounting to $184 billion at the end of 2009, according to estimates by Bank of America-Merrill Lynch, which said the region faces a heavy redemption schedule until 2013. Dubai's shock announcement this week that it is seeking to suspend payments on debt of its state-owned conglomerate Dubai World and property subsidiary Nakheel has roiled global markets, raising fears that the emirate which funded a spectacular building boom on a mSource: Reuters: Business News | 27 Nov 2009 | 6:34 am Mr. iFart appeals to JobsSource: Business and financial news - CNNMoney.com | 27 Nov 2009 | 4:34 am Weak Dollar: As Yen Passes 85, Japanese Exporters Tremble (SNE)(TM)The Japanese government is getting nervous, by most accounts of the financial media. The yen as hit a level where Japan’s big exporters may post large earnings losses this year in the place of modest profits. According to Bloomberg, Japan’s financial minister pushed for an international response to the rising yen. The most likely near-term victims [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 27 Nov 2009 | 3:57 am Media Digest 11/27/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: Japan raised the idea that the G7 make a statement about the dollar. Reuters: Shoppers move into Black Friday with small budgets. Reuters: Dubai’s debt crisis raised the prospect of more trouble in the financial markets. Reuters: ING will make a $11 billion rights offering at a large discount. Reuters: One of the German states called Opel job cut [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 27 Nov 2009 | 2:50 am Asia Markets And Europe Open (11/27/2009): Undone By DubaiMarkets in Asia were sharply lower on concerns about Dubai debt. The Nikkei fell 3.2% to 9,082. Honda (NYSE:HMC) and Mitsubishi UFJ (NYSE:MTU) fell. The Hang Seng dropped 4.8% to 21,135. HSBC (NYSE:HBC) fell sharply. The Shangai Composite was off 2.4% to 3,096. At the open in Europe, the FTSE fell .4% to 5,162. The Dax was down .6% [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 27 Nov 2009 | 2:30 am
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