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Americans Give Up The Credit Card For The HolidaysJust over one-quarter of shoppers who made purchases over the Thanksgiving weekend used credit cards. Thirty-nine percent used cash and the balance of the shoppers used debit cards which are a cash-equivalent, according to survey conducted for Reuters by America’s Research Group. The news is bad for retailers. Consumers are not willing to go into debt to buy gifts [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Nov 2009 | 3:35 am British households repay record amount of debt in OctoberBritish consumers repaid the highest amount of unsecured credit on record in October, reducing their debt at twice the rate economists had expected.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Nov 2009 | 3:33 am Dubai stocks plunge on debt fearsThe main stock markets in Dubai and Abu Dhabi tumbled 7% and 8% respectively, as fears continue over its debt crisis.Source: BBC News | Business | World Edition | 30 Nov 2009 | 3:31 am Stocks mixed as Dubai fears recedeGlobal overview: Asian markets rebound and the dollar slides on hopes the fallout from the Dubai debt crisis can be containedSource: Financial Times - US homepage | 30 Nov 2009 | 3:28 am Eurozone prices rise for the first time in seven monthsPrices across the 16 nations using the euro rose in November for the first time in seven months, according to official figures released Monday. Prices were up 0.6 percent during the...Source: RSS feed - channel BNewsBusiness | 30 Nov 2009 | 3:23 am World oil prices recover slightly as Dubai woes easeWorld oil prices perked up on Monday as investor worries over Dubai's debt crisis receded. New York's main contract, light sweet crude for January delivery, added 40 cents to 76.45...Source: RSS feed - channel BNewsBusiness | 30 Nov 2009 | 3:21 am Eurozone prices rise for first time in seven monthsPrices across the 16 nations using the euro rose in November for the first time in seven months, according to official figures released Monday. Price were up 0.6 percent during the...Source: RSS feed - channel BNewsBusiness | 30 Nov 2009 | 3:17 am UAE markets suffer heavy lossesStock markets in the United Arab Emirates fell sharply on Monday as worries over defaults in the region’s business hub of Dubai sent investors heading for the exitSource: Financial Times - US homepage | 30 Nov 2009 | 3:16 am Record fall in consumer borrowingConsumer borrowing - excluding mortgages - recorded its biggest month-on-month fall since Bank of England records began in 1993.Source: BBC News | Business | World Edition | 30 Nov 2009 | 3:07 am The Mortgage Mess: Government To Push Private Sector To Do What Government Cannot DoCongress and the Administration put a $787 billion stimulus package into place on the assumption that its many programs will supply capital to strategically important industries. The ultimate goal was to increase employment within the private sector. Infrastructure, energy grid, and broadband are among the sectors which are receiving extraordinary sums from the government and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Nov 2009 | 3:06 am Thomas Cook sees higher profitsTravel firm Thomas Cook says its annual profits and revenues gained, despite the impact of the swine flu outbreak.Source: BBC News | Business | World Edition | 30 Nov 2009 | 3:04 am Stocks mixed as Dubai fears recede10:00 GMT. Hopes that the fallout from the Dubai debt crisis could be contained helped Asian equity markets rebound sharply on Monday, though European bourses were more cautious.The dollar resumed its...Source: RSS feed - channel BNPaperBusiness | 30 Nov 2009 | 3:01 am The Vicious Competition For Peak OilThere has been a heated argument for the last several years about when the world will start to run out of oil. The rate of oil production, after more than a century of drilling, may have already peaked or it may peak in a decade. Everything in oil production will be downhill after that. The [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Nov 2009 | 2:56 am UK mortgage approvals hit highest level in more than a yearBanks approved the highest number of mortgages in October in more than a year in the latest sign that the slump in UK house prices is ending.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Nov 2009 | 2:55 am Financials are winners as Asia recoupsTOKYO (MarketWatch) -- Financial stocks were among the biggest winners in a broad Asian stock-market rally Monday following Friday's sharp selloff.
Source: MarketWatch.com - Top Stories | 30 Nov 2009 | 2:54 am Ministers to look to US during WTO meetOver a hundred ministers gathered Monday at a key World Trade Organisation conference, with all eyes on the United States to provide a much needed push for negotiating a global trade pact.Source: RSS feed - channel BNewsBusiness | 30 Nov 2009 | 2:51 am Stocks ready for early post-holiday gainU.S. stocks were set to open modestly higher Monday as some of the fears from the Dubai debt shakeup subsided and after early reports of tepid holiday sales figures for the Thanksgiving weekend.Source: Business and financial news - CNNMoney.com | 30 Nov 2009 | 2:35 am Dubai and Abu Dhabi markets plunge on debt woes (AFP)
Source: Yahoo! News: Stock Markets News | 30 Nov 2009 | 2:33 am Magners maker buys English brandsC&C, the maker of Magners cider, buys the UK cider brands Blackthorn, Olde English and Gaymers as part of a £45m deal.Source: BBC News | Business | World Edition | 30 Nov 2009 | 2:33 am Global stocks mixed as investors track Dubai debt crisisAsian markets rallied on Monday, but Europe reversed opening gains, as investors digested moves by the United Arab Emirates central bank to soothe worries over Dubai's debt crisis. Hong...Source: RSS feed - channel BNewsBusiness | 30 Nov 2009 | 2:30 am Asia stocks up after UAE backs banks; Europe downAsian stock markets rebounded Monday from their steep fall last week after the United Arab Emirates moved to contain the fallout from Dubai's debt crisis. European markets were lower. ...Source: RSS feed - channel BNewsBusiness | 30 Nov 2009 | 2:30 am Asia stocks up after UAE backs banks; Europe down (AP)
Source: Yahoo! News: Stock Markets News | 30 Nov 2009 | 2:30 am Stock futures edge up; eyes on Dubai, retailers (Reuters)
Source: Yahoo! News: Business | 30 Nov 2009 | 2:24 am Stock futures edge up; eyes on Dubai, retailers(Reuters) - U.S. stock index futures were slightly higher early on Monday, following the previous session's sharp retreat, with futures for the S&P 500 up 0.22 percent, Dow Jones futures up 0.13 percent and Nasdaq 100 futures up 0.24 percent at 0855 GMT.Source: Reuters: Business News | 30 Nov 2009 | 2:24 am Stock futures edge up; eyes on Dubai, retailers (Reuters)
Source: Yahoo! News: Stock Markets News | 30 Nov 2009 | 2:24 am Bank of Cyprus Accelerates Expansion Into New Geographies by Consolidating IT Systems Onto a Common Misys Platformhttp://www.w3.org/1999/xhtml ">http://www.w3.org/1999/xhtml " xmlns:xn="http://www.xmlnews.org/ns/">Source: RSS feed - channel BNewsBusiness | 30 Nov 2009 | 2:13 am Somali pirates hijack Saudi oil tanker going to USThe EU's anti-piracy force says Somali pirates have seized a super tanker carrying crude oil from Saudi Arabia to the United States. Cmdr. John Harbour, a spokesman for the EU Naval...Source: RSS feed - channel BNewsBusiness | 30 Nov 2009 | 2:08 am Europe Markets: European shares down for second session in fourEuropean shares are lower on Monday, with energy companies among decliners, offsetting some broker-related gains in the auto sector.
Source: MarketWatch.com - Top Stories | 30 Nov 2009 | 2:04 am Affinity Gold Corp. Announces FinancingMAPLE GROVE, Minn., Nov. 30 /PRNewswire-FirstCall/ -- Affinity Gold Corp. (OTC Bulletin Board: AFYG) ("Affinity" or the "Company") is pleased to announce it has...Source: RSS feed - channel BNewsBusiness | 30 Nov 2009 | 2:00 am Recovery for The Conference Board Leading Economic Index(TM) (LEI) for the Euro Area Begins to SlowBRUSSELS, Nov. 30 /PRNewswire/ -- The Conference Board Leading Economic Index(TM) (LEI) for the Euro Area increased 0.9 percent in October to 101.4 (2004 = 100), following a 1.0...Source: RSS feed - channel BNewsBusiness | 30 Nov 2009 | 2:00 am China's Wen Jiabao hits out at 'brazen protectionism' in yuan row with EuropeChinese prime minister Wen Jiabao has hit out forcefully at the growing international pressure on Beijing to revalue its currency, describing it as 'unfair' and accusing other countries of conducting 'brazen protectionism' against China.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Nov 2009 | 1:59 am Media Digest 11/30/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: UAE shares fell on Dubai debt problem news. Reuters: The Treasury will meet with mortgage companies to try to get them to accelerate loan modifications. Reuters: Holiday shoppers did not use credit cards as much as in the past. Reuters: Shoppers are increasing the use of e-commerce. Reuters: Shoppers spent less per person on Black Friday than a [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Nov 2009 | 1:58 am Wen rails at ‘unfair’ renminbi pressureChina’s premier lashes out at the growing number of countries pushing Beijing to strengthen its currency, making it clear that the EU has made little headway over appreciation of the renminbiSource: Financial Times - US homepage | 30 Nov 2009 | 1:58 am Stocks in Dubai, Abu Dhabi fall as markets reopenStocks in Dubai and Abu Dhabi tumble on Monday, the first trading day since state-backed conglomerate Dubai World last week asked creditors for a standstill on its debt, triggering turbulence in global financial markets.
Source: MarketWatch.com - Top Stories | 30 Nov 2009 | 1:48 am FTSE rises 0.30% at open (AFP)
Source: Yahoo! News: Stock Markets News | 30 Nov 2009 | 1:46 am FTSE 100 subdued by financial sector lossesLondon's banking sector on Monday gained scant support from reports that Dubai was to be bailed out of its debt problems.Last week's request by Dubai World, the state holding company, for a six-month standstill...Source: RSS feed - channel BNPaperBusiness | 30 Nov 2009 | 1:45 am M&B turns to Panel over Lewis's roleMitchells & Butlers has approached the Takeover Panel regarding the influence recently wielded over the pubs group by Joe Lewis, the Bahamas-based billionaire, it said on Monday. Shares in M&B...Source: RSS feed - channel BNPaperBusiness | 30 Nov 2009 | 1:41 am Asia Markets And Europe Open (11/30/2009)Markets in Asia were sharply higher. The Nikkei rose 2.9% to 9,346. Mitsubishi UFJ (NYSE:MTU) fell. The Hang Seng rose 3.3% to 21,822. HSBC (NYSE:HBC) rose. The Shanghai Composite was up 3.2% to 3,195. At the open, the FTSE rose and Rio Tinto (NYSE:RTP) and BHP Billiton (NYSE: BHP) were both higher. The Dax was up .5% to 5,174 [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Nov 2009 | 1:28 am UK services grow less than hopedConsumer services firms say profits grew less than expected during the past three months, according to a CBI survey.Source: BBC News | Business | World Edition | 30 Nov 2009 | 1:23 am India's economy continues to growIndia's economy grew at a faster-than-expected rate of 7.9% in the three months to September, boosted by government spending.Source: BBC News | Business | World Edition | 30 Nov 2009 | 1:22 am Thirty financial groups on systemic risk listThirty global financial institutions make up a list that regulators are earmarking for cross-border supervision exercises, the Financial Times has learnt.The list includes six insurance companies Axa,...Source: RSS feed - channel BNPaperBusiness | 30 Nov 2009 | 1:17 am FTSE 100 shrugs off Dubai debt concernsBritain's benchmark index trades sideways despite sharp falls in Dubai and Abu Dhabi.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Nov 2009 | 1:14 am BOJ hints market support possibleNAGOYA, Japan (Reuters) - The head of the Bank of Japan said the bank will act decisively in the event of renewed financial market turmoil, his strongest hint yet at fresh support for the economy that analysts say could involve buying more government bonds or a return to quantitative easing.Source: Reuters: Business News | 30 Nov 2009 | 1:13 am 'Blind Side' No. 2 but takes spotlight from 'New Moon'The football drama sees ticket sales climb in its second weekend, a rare box-office occurrence. It wasn't new...Source: RSS feed - channel BNPaperBusiness | 30 Nov 2009 | 1:00 am Putting the green in Orange County Great ParkEmile Haddad, with a new financing deal approved by Irvine for the site of the former El Toro Marine Corps base, hopes to develop a mixed-use site where people walk more and drive less. ...Source: RSS feed - channel BNPaperBusiness | 30 Nov 2009 | 1:00 am 'Up in the Air' gives Paramount a marketing challengeGeorge Clooney stars as a man who doles out corporate layoffs; the movie doesn't fit neatly into a single genre; and the story is hard to fit into a TV commercial. How do you sell that?Six years ago, when Jason Reitman set out to write a dramatic comedy about a "corporate downsizer" who flies around the country and fires employees, the economy was booming and jobs were plentiful. By the time the young director, known for his 2007 hit "Juno," got around to making "Up in the Air," the world had drastically changed.
Source: L.A. Times - Business | 30 Nov 2009 | 1:00 am Retail sales and other factors may offset worries about Dubai debtRespectable sales over the Thanksgiving weekend may be a pleasant distraction for the stock market, which dropped sharply Friday amid reports that Dubai may default on $60 billion in debt. ...Source: RSS feed - channel BNPaperBusiness | 30 Nov 2009 | 1:00 am Retail sales and other factors may offset worries about Dubai debtRespectable sales over the Thanksgiving weekend may be a pleasant distraction for the stock market, which dropped sharply Friday amid reports that Dubai may default on $60 billion in debt.While markets around the world assess the fallout from Dubai's debt problems, investors trying to get a handle on the global economy will also have to factor in some encouraging U.S. retail sales over the Thanksgiving weekend.
Source: L.A. Times - Business | 30 Nov 2009 | 1:00 am 'Up in the Air' gives Paramount a marketing challengeGeorge Clooney stars as a man who doles out corporate layoffs; the movie doesn't fit neatly into a single genre; and the story is hard to fit into a TV commercial. How do you sell that? ...Source: RSS feed - channel BNPaperBusiness | 30 Nov 2009 | 1:00 am 'Blind Side' No. 2 but takes spotlight from 'New Moon'The football drama sees ticket sales climb in its second weekend, a rare box-office occurrence.It wasn't new and it wasn't in first place, but all eyes were on "The Blind Side" this weekend.
Source: L.A. Times - Business | 30 Nov 2009 | 1:00 am Retailers see only a little more green on Black FridaySales on the day after Thanksgiving were up just 0.5% from a year earlier, ShopperTrak says. A trade group says 195 million Americans went shopping over the weekend, but average spending falls 7.9%. ...Source: RSS feed - channel BNPaperBusiness | 30 Nov 2009 | 1:00 am Chevrolet Volt: A sneak peek at GM's plug-in hybridEven in this rough prototype, the whole car seems lighted from within by the ambitions of its builders. And it goes about 40 miles before dipping into its gas tank. ...Source: RSS feed - channel BNPaperBusiness | 30 Nov 2009 | 1:00 am Chevrolet Volt: A sneak peek at GM's plug-in hybridEven in this rough prototype, the whole car seems lighted from within by the ambitions of its builders. And it goes about 40 miles before dipping into its gas tank.It accelerates with a big husky twist of its electric motor. Actually, you can even chirp the front tires if you push the go-button hard enough -- very unlike a golf cart. It corners confidently and brakes crisply and, if it's no Ferrari, it certainly won't embarrass itself on the 110 Freeway, otherwise known as the Pasadena Grand Prix.
Source: L.A. Times - Business | 30 Nov 2009 | 1:00 am Putting the green in Orange County Great ParkEmile Haddad, with a new financing deal approved by Irvine for the site of the former El Toro Marine Corps base, hopes to develop a mixed-use site where people walk more and drive less.The first memory Emile Haddad has of what would become the site of the Orange County Great Park and the location of his biggest development project dates from 1986, not long after he and his family fled their home in Lebanon.
Source: L.A. Times - Business | 30 Nov 2009 | 1:00 am Retailers see only a little more green on Black FridaySales on the day after Thanksgiving were up just 0.5% from a year earlier, ShopperTrak says. A trade group says 195 million Americans went shopping over the weekend, but average spending falls 7.9%.Despite huge crowds fueled by heavy discounts, shoppers spent less on average on Black Friday and weren't able to give retailers the big boost they were hoping for.
Source: L.A. Times - Business | 30 Nov 2009 | 1:00 am Mitchells & Butlers says rebel investors trying to take controlMitchells & Butlers, the pub and restaurant operator, will submit evidence to Britain's takeovers watchdog that some of its largest shareholders are attempting to gain control of the company.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Nov 2009 | 12:55 am M&B complains to Panel over rebel shareholderMitchells & Butlers (M&B), the pubs group which owns All Bar One and Harvester, has complained to the City Takeover Panel about a group of shareholders led by Joe Lewis, the Bahamian billionaire, accusing the investors of trying to gain control of the company at the expense of investors. Source: Latest Business News from Times Online | 30 Nov 2009 | 12:53 am Indian economy surprises with fastest growth in more than a yearIndia's economy grew at its fastest rate in more than a year in the third quarter, underlining the role Asia is playing in pulling the world from recession.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Nov 2009 | 12:32 am Dubai and Abu Dhabi stock markets fall despite government reassurancesShares slide on Dubai and Abu Dhabi exchanges despite government attempts to calm markets by giving backing to banks.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Nov 2009 | 12:30 am Global markets bounce as Dubai fears easeShares across Europe and Asia rebounded today as fears that Dubai’s debt crisis would sweep across global markets began to abate. Source: Latest Business News from Times Online | 30 Nov 2009 | 12:19 am Economic Report: India's economy expands better-than-expected 7.9%India’s economy continues its rapid expansion in the latest quarter, beating economists’ expectations on higher domestic demand and strong mining and manufacturing growth.
Source: MarketWatch.com - Top Stories | 30 Nov 2009 | 12:12 am Beijing Auto says "stay tuned" on GM's SaabNANJING, China (Reuters) - Beijing Automotive Industry Holding Corp (BAIC) might still be interested in buying General Motors' Saab unit, according to the Chinese car company's general manager.Source: Reuters: Business News | 30 Nov 2009 | 12:07 am What assets Dubai could be forced to sellDubai will attempt to reassure markets and investors on Monday on how it plans to restructure its beleaguered conglomerate Dubai World. It could lead to a fire sale of prize assets. Following are details of key assets and high-profile holdings.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Nov 2009 | 12:00 am UAE stocks tumble on Dubai woes; Asia rebounds (Reuters)Reuters - United Arab Emirate stocks tumbled 6-7 percent on Monday as the market reopened for the first time since Dubai called for a delay in repaying billions of dollars in debt, spooking global markets.Source: Yahoo! News: Business | 30 Nov 2009 | 12:00 am UAE stocks tumble on Dubai woes; Asia reboundsDUBAI/HONG KONG (Reuters) - United Arab Emirate stocks tumbled 6-7 percent on Monday as the market reopened for the first time since Dubai called for a delay in repaying billions of dollars in debt, spooking global markets.Source: Reuters: Business News | 30 Nov 2009 | 12:00 am Banks must pay for market failureWall Street must not be allowed to sidestep reform, says John Cassidy, British-born writer at the 'New Yorker'.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Nov 2009 | 11:49 pm Abu Dhabi pick 'n mix bailout sounds sensibleAbu Dhabi's pick 'n mix bailout sounds sensible. The rich emirate seems about to support its struggling neighbour Dubai - but only on a selective basis.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Nov 2009 | 11:47 pm NZ market closes up 31 pointsTelecom shares lifted from seven-month lows today as investors in this part of the world put worries about the financial health of Dubai World aside.The benchmark NZSX-50 index closed up 31.086 points, or 1.005 per cent, at 3125.523...Source: nzherald.co.nz - Business | 29 Nov 2009 | 11:41 pm UAE stock markets drop, Nakheel seeks debt plans (AFP)
Source: Yahoo! News: Stock Markets News | 29 Nov 2009 | 11:40 pm India growth shatters expectationsStrong performance in manufacturing and services helps India’s growth to shatter growth forecasts in the quarter to the end of September, raising the prospect of an early rise in interest ratesSource: Financial Times - US homepage | 29 Nov 2009 | 11:03 pm NZ dollar climbs back over US72cThe New Zealand dollar rose today as the bout of risk aversion triggered by Dubai's financial woes subsided.The NZ dollar was at US72.11c at 5pm from US71.39c at 8am and US71.05c at 5pm on Friday.ASB said the full impact of...Source: nzherald.co.nz - Business | 29 Nov 2009 | 10:22 pm Catching Oz not possible without slashing Govt spending - BrashIt will not be possible to catch Australia in the wealth stakes without slashing Government spending by $9 billion, productivity taskforce head Don Brash said today.The 2025 taskforce report, headed by the former National Party...Source: nzherald.co.nz - Business | 29 Nov 2009 | 10:16 pm Brett Arends' ROI: Gold run a reason to be wary of the stock marketThe booming gold price is making this columnist very nervous. About Wall Street.
Source: MarketWatch.com - Top Stories | 29 Nov 2009 | 10:01 pm Peter Brimelow: Gold bugs dismiss Dubai, deride dollarFor gold observers, the question is whether the Dubai downer will stop the gold charge? Or, perhaps, accelerate it?
Source: MarketWatch.com - Top Stories | 29 Nov 2009 | 10:01 pm 10 Things Your Caterer Won't Tell You (10 Things)Pierced waiters. Skimpy hors d'oeuvres. What to avoid when booking a caterer.
Source: SmartMoney.com | 29 Nov 2009 | 10:00 pm The New Essentials: NetbooksThe luxury market may have taken a hit, but consumers are finding new splurges.
Source: SmartMoney.com | 29 Nov 2009 | 10:00 pm Cyber Monday, With Fewer Gimmicks (Deal of the Day)Shoppers: Man your keyboards. Online retailers are offering bona fide deals.
Source: SmartMoney.com | 29 Nov 2009 | 10:00 pm The Return of the Free Market MortgageWhat happens when the Fed stops buying up mortgage-backed securities?
Source: SmartMoney.com | 29 Nov 2009 | 10:00 pm The Comeback KidsThree investing stars who have bounced back from the brink and seen a sudden comeback in their flagship funds.
Source: SmartMoney.com | 29 Nov 2009 | 10:00 pm The Comeback Kids: The InterviewsSmartMoney spoke with Bill Miller, John Rogers Jr. and Wally Weitz.
Source: SmartMoney.com | 29 Nov 2009 | 10:00 pm Marsh on Monday: What the UAE has in common with the EUDubai World's payments standstill highlights some fault lines in the world economy, and may pressage very real problems about to emerge in Europe.
Source: MarketWatch.com - Top Stories | 29 Nov 2009 | 9:54 pm Dubai crisis, holiday sales will dominate trading (AP)
Source: Yahoo! News: Stock Markets News | 29 Nov 2009 | 9:46 pm Asia Markets: Asia shares rally, but strength may not last longStock markets across Asia trade broadly higher as investor panic over Dubai’s debt woes eases, but analysts say the rally isn’t likely to last, as concerns over continued weakness in the U.S. dollar and the progress of global economic recovery remain.
Source: MarketWatch.com - Top Stories | 29 Nov 2009 | 9:25 pm Banking for elderly to be made easierElderly and disabled people will have better access to banking services thanks to a new set of guidelines, the Bankers' Association says .The voluntary guidelines recommend initiatives such as low teller counters, user-friendly...Source: nzherald.co.nz - Business | 29 Nov 2009 | 9:02 pm Boost for charities from plastic bag chargeCharging shoppers for plastic bags has generated over $145,000 for local charities and seen a dramatic drop in their use, The Warehouse says.The retailer introduced a 10c charge on bags in April, with the goal of taking 20 million...Source: nzherald.co.nz - Business | 29 Nov 2009 | 8:59 pm Economic Report: Japan's industrial output data disappointJapanese industrial production rises in October for the eighth straight month, though the gain is much smaller than forecast.
Source: MarketWatch.com - Top Stories | 29 Nov 2009 | 8:14 pm Hanover investors told Allied deal is betterThe Allied Farmers proposal is superior to the status quo and a high risk of receivership for Hanover Finance investors, according to Grant Samuel.In an independent report being sent to investors, Grant Samuel said an alternative...Source: nzherald.co.nz - Business | 29 Nov 2009 | 8:00 pm 2025 Report: Brash comes up with predictable prescriptionSlashing taxes and government spending has been confirmed as a possible prescription to increase productivity and close the wage gap with Australia.The 2025 taskforce report, headed by former National Party leader Don Brash, said...Source: nzherald.co.nz - Business | 29 Nov 2009 | 7:30 pm Regulators list systemic risk institutions: reportLONDON (Reuters) - Thirty global financial institutions have been selected for cross-border supervision exercises by regulators, the Financial Times reported on Monday.Source: Reuters: Business News | 29 Nov 2009 | 7:16 pm Currency: Kiwi may gain as Dubai concerns ease, Fonterra sells powderThe New Zealand dollar may push higher this week as concerns ease about the impact of a potential default on debt payments by Dubai will have on the global economic recovery.Four of nine economists and strategists in a BusinessWire...Source: nzherald.co.nz - Business | 29 Nov 2009 | 7:00 pm Outside the Box: Riding India's sugar cycleA continuing shortfall in sugar output in India -- the world's second-largest producer after Brazil -- is likely to help out refiner stocks into next year.
Source: MarketWatch.com - Top Stories | 29 Nov 2009 | 6:51 pm Methven profits fall 15pc, shares riseBathroom products company Methven reported a 15.4 per cent fall in half year net profit to $4.2 million, but the result was better than forecast and the company's share price rose.In July the company produced guidance of a 30...Source: nzherald.co.nz - Business | 29 Nov 2009 | 6:30 pm Shoppers spent less over Black Friday weekend (Reuters)
Source: Yahoo! News: Business | 29 Nov 2009 | 6:03 pm Shoppers spent less over Black Friday weekendSAN FRANCISCO/CHICAGO (Reuters) - Consumers spent significantly less per person at the start of the holiday season this weekend, dimming hopes for a retail comeback that would help propel the economy early in 2010.Source: Reuters: Business News | 29 Nov 2009 | 6:03 pm Construction out of the mire as housing consents riseThe number of new dwellings authorised in October was at its highest level in 15 months, when volatile apartment numbers are excluded.The figures published today by Statistics New Zealand (SNZ) suggest the construction sector...Source: nzherald.co.nz - Business | 29 Nov 2009 | 5:30 pm Shoppers already whetting holiday appetite online (Reuters)Reuters - Holiday shopping online hit a record for Black Friday, several days before the retail industry-coined Cyber Monday gets underway, as more consumers said they used the web to seek deals.Source: Yahoo! News: Business | 29 Nov 2009 | 5:17 pm Shoppers already whetting holiday appetite onlineSAN FRANCISCO (Reuters) - Holiday shopping online hit a record for Black Friday, several days before the retail industry-coined Cyber Monday gets underway, as more consumers said they used the web to seek deals.Source: Reuters: Business News | 29 Nov 2009 | 5:17 pm Promethean plans flotationPromethean, a British maker of computerised classroom whiteboards, is planning to go public next year, with a valuation estimated at between £400 million and £500 million. Source: Latest Business News from Times Online | 29 Nov 2009 | 5:04 pm Council bosses ready to leave in fear of Tory curbs on pay and perksOne in five local government chief executives is likely to quit next year after Conservative pledges to curb public sector “fat cat” pay, The Times has been told. Source: Latest Business News from Times Online | 29 Nov 2009 | 5:01 pm Council chief executives are an easy target, but great value for moneyIt has become fashionable to denigrate local authority chief executives. They are an easy target for politicians who cannot get to state-funded bankers who are paid ten times as much. They are public servants so find it difficult to fight back, and they work for local authorities that are not particularly well respected and levy the disliked council tax. Source: Latest Business News from Times Online | 29 Nov 2009 | 5:01 pm Chinese to become world's biggest gold consumersChina is poised to vault ahead of India and become the world’s biggest gold consumer as small investors scramble to defend their wealth against inflation and a ballooning middle class falls in love with the “portable bank vault” of jewellery. Source: Latest Business News from Times Online | 29 Nov 2009 | 5:01 pm M&B needs boss with bar pastMitchells & Butlers (M&B), the pub company, will have to find a chairman with experience of the licensed trade if it is to satisfy its biggest shareholder. Source: Latest Business News from Times Online | 29 Nov 2009 | 5:01 pm Business big shot: Vincent Tchenguiz, Property tycoonVincent Tchenguiz, the older of the billionaire property tycoon siblings, will be back in the High Court this week after falling out with another business partner. Source: Latest Business News from Times Online | 29 Nov 2009 | 5:01 pm RBS relaxes lending terms for small businessesRoyal Bank of Scotland (RBS) is to improve dramatically the borrowing terms for its 1.2 million small business customers, after criticism over the difficulties that small businesses have had in obtaining credit. Source: Latest Business News from Times Online | 29 Nov 2009 | 5:01 pm Co-op hits back with its own triple whammyBarely a year ago, The Co-operative Group was selling itself as an antidote to big business, an ethical alternative to the ruthlessness of mammon, but now it has decided to take on the Big Four supermarkets at their own game. With Christmas on the horizon, the Co-op has fired its own salvo in the price-cutting war. Source: Latest Business News from Times Online | 29 Nov 2009 | 5:01 pm Obama to push banks on mortgagesAs foreclosure casualties mount, the Obama administration is expected to announce additional steps on Monday to get long-term help for troubled borrowers.Source: Business and financial news - CNNMoney.com | 29 Nov 2009 | 4:58 pm Cyber Monday: Hope for disappointed storesThe good news for merchants is that more Americans this year turned out to bag Thanksgiving weekend deals than last year. The bad news, however, is that shoppers on average spent less on their purchases compared to a year ago.Source: Business and financial news - CNNMoney.com | 29 Nov 2009 | 4:55 pm Google, Disney chiefs due at Obama jobs summitExecutives from Google and Walt Disney will join other company chiefs, academics, labor leaders and mayors at President Obama's jobs summit this week, the White House said Sunday.Source: Business and financial news - CNNMoney.com | 29 Nov 2009 | 4:52 pm Amazon (AMZN) And Apple (AAPL) Big Black Friday Online WinnersMost people would guess that Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) would do well this holiday season–better than their respective competitors. Thanksgiving e-commerce traffic is that the online sales site and consumer electronics paragon have behaved as expected. According to online research firm Hitwise, “The top visited Retail Website on Black Friday 2009 was Amazon receiving 13.55 % [...][[ This is a content summary only. 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Source: 24/7 Wall St. | 29 Nov 2009 | 4:43 pm Leaders from Google, others to attend White House summitWASHINGTON (Reuters) - Leaders from top U.S. companies including Google , AT&T , Disney and FedEx will attend a jobs summit on December 3 at the White House, a White House spokeswoman said on Sunday.Source: Reuters: Business News | 29 Nov 2009 | 4:11 pm Companies ask workers to take on moreNEW YORK (Reuters) - Like many U.S. employers, Tish and Snooky Bellomo are asking their workers to take on additional duties, rather than hiring new employees, at their New York cosmetic and hair accessory company.Source: Reuters: Business News | 29 Nov 2009 | 4:03 pm US retailers hope for holiday surgeUS consumers maintained their cautious mood over the post-Thanksgiving holiday shopping weekend, with industry analysts estimating total sales at the ritual start of the holiday shopping season only slightly up from last yearSource: Financial Times - US homepage | 29 Nov 2009 | 4:00 pm Bid nears for AIG aviation businessA consortium of private-equity investors and the head of International Lease Finance Corp are close to making a bid for about half of the aviation-leasing business of American International Group, ILFC’s troubled parentSource: Financial Times - US homepage | 29 Nov 2009 | 3:30 pm Iran plans to build 10 enrichment plantsIran said it was dramatically expanding its nuclear programme, in a move that raises the stakes in the international dispute over the programme and which could further inflame tensions in the Middle EastSource: Financial Times - US homepage | 29 Nov 2009 | 2:38 pm UAE acts to shore up banking system and calm markets (AFP)
Source: Yahoo! News: Stock Markets News | 29 Nov 2009 | 2:25 pm Treasury to meet with mortgage servicers Monday (Reuters)
Source: Yahoo! News: Business | 29 Nov 2009 | 2:24 pm Treasury to meet with mortgage servicers MondayWASHINGTON (Reuters) - The Treasury Department is expected to meet with lenders on Monday to press them to do more to rework troubled home mortgage loans, a source familiar with the Treasury's thinking said.Source: Reuters: Business News | 29 Nov 2009 | 2:24 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 | 29 Nov 2009 | 1:23 pm Wall Street: Eye on the consumerWall Streeters returning Monday after an almost five-day holiday weekend better be well rested: the week ahead brings an onslaught of reports on retailers, consumer spending and the jobs market.Source: Business and financial news - CNNMoney.com | 29 Nov 2009 | 1:22 pm Lachlan Murdoch eyes Hollywood ReporterLachlan Murdoch, the eldest son of media mogul Rupert Murdoch, is closing in on his second deal in as many weeks, with a joint offer for a group of trade magazines, including Billboard and The Hollywood Reporter, and related exhibitionsSource: Financial Times - US homepage | 29 Nov 2009 | 1:10 pm Obama to announce Afghan troops planBarack Obama is seeking to win over his own Democratic party as he prepares to announce a troop increase in Afghanistan in perhaps the biggest decision of his presidency to dateSource: Financial Times - US homepage | 29 Nov 2009 | 12:54 pm Dubai banks to get United Arab Emirates supportRead full story for latest details.Source: Business and financial news - CNNMoney.com | 29 Nov 2009 | 12:29 pm American Consumers Spent $41.2 Billion On Black Friday Weekend!The “official” numbers on Black Friday retail activity were mixed and the mixture did little to help analysts have a reasonable picture of what the balance of the holidays will bring. The data from the National Retail Federation showed 195 million shoppers visited stores and websites over Black Friday weekend, up from 172 million last year. However, the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Nov 2009 | 12:12 pm Stalled economyWhat next for Bhopal's up and coming generation?Source: BBC News | Business | World Edition | 29 Nov 2009 | 10:18 am Stocks face Dubai, jobs and Ben's Act II (Reuters)
Source: Yahoo! News: Stock Markets News | 29 Nov 2009 | 9:53 am Stocks face Dubai, jobs and Ben's Act II (Reuters)
Source: Yahoo! News: Business | 29 Nov 2009 | 9:53 am Administration plans new efforts on foreclosures (AP)AP - The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage companies to do more to help people remain in their homes, officials said Saturday.Source: Yahoo! News: Business | 29 Nov 2009 | 9:00 am Borders starts closing down salesThe Borders bookshop chain in the UK has started a closing down sale in all of its 45 stores, the BBC has learned.Source: BBC News | Business | World Edition | 29 Nov 2009 | 8:48 am Swiss vote to ban construction of minaretsSwitzerland voted to ban the construction of minarets, potentially exposing the small alpine country to a backlash from the Muslim world.Source: Financial Times - US homepage | 29 Nov 2009 | 8:14 am Macs are Amazon's 'Most wished for'Source: Business and financial news - CNNMoney.com | 29 Nov 2009 | 5:52 am A Mediocre Start For Retail On Black FridayThe fears about 2009 holiday sales may be coming true. Early research shows that retail activity was flat and in some regions fell sharply. ShopperTrak reports that dollar sales for the first day of the holiday retail season were only up .5% to $10.66 billion. But, in the population-heavy Northeast they fell 4.9%. A number of retail [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Nov 2009 | 5:39 am
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