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Gordon Brown attacks public sector payThe Prime Minister has admitted there is a "culture of excess" in the public sector and promised to curb the salaries paid to civil servants, quango chiefs, council leaders and BBC executives.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Dec 2009 | 3:32 am An “Extra” $200 Billion In Tarp Money To Burn Hole In Government’s PocketThe Treasury Department announced over the weekend that its TARP losses will be $200 billion less than expected. Banks are paying back money at an unexpectedly rapid pace. There are even rumors that Citigroup (NYSE:C) will return $20 billion to the Treasury soon. The government said in August that TARP costs would be $341 billion over [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Dec 2009 | 3:24 am Stocks may be tarnished at openU.S. stocks were poised to open lower Monday as a further retreat in gold prices and a stronger dollar could influence investors.Source: Business and financial news - CNNMoney.com | 7 Dec 2009 | 3:24 am Brown unveils £3bn more 'savings'Gordon Brown says technology such as crime maps and online school reports can help cut the Budget deficit and bureaucracy.Source: BBC News | Business | World Edition | 7 Dec 2009 | 3:23 am Wall Street: Rest or rechargeWall Street has finally gotten the piece of economic news it has been waiting for: the battered labor market may be starting to heal. But with major stock gauges at their highest levels in more than a year, recovery bets could already be baked into the cake.Source: Business and financial news - CNNMoney.com | 7 Dec 2009 | 3:23 am One Version of Life
Source: Business Pundit | 7 Dec 2009 | 3:16 am China car sales pass 12 millionChinese annual car sales and production both exceeded 12 million units in the first 11 months of the year, state media says.Source: BBC News | Business | World Edition | 7 Dec 2009 | 3:11 am Gas supply firms warned on billsThe UK energy regulator is warning gas supply firms that customers must benefit from any fall in wholesale prices.Source: BBC News | Business | World Edition | 7 Dec 2009 | 3:03 am MPs 'unsure' over Stansted runwayThought should be given to building an extra runway at Gatwick rather than Stansted, a report by MPs suggests.Source: BBC News | Business | World Edition | 7 Dec 2009 | 3:02 am Tech Companies Move To The Mall (AMZN)(AAPL)(MSFT)There was a rumor, unconfirmed by Amazon (NASDAQ:AMZN), that Jeff Bezos’ company would open stores in the UK. It would follow Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) into the world of the mall or to the glitzy big city store on Fifth Avenue in New York City or Rodeo Drive in Beverly Hills. Amazon may use [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Dec 2009 | 3:02 am Dubai government ring-fences key assets, shares tumble (Reuters)Reuters - Dubai moved on Monday to ring-fence prized assets from the $26 billion debt restructuring of Dubai World, denting already fragile investor sentiment ahead of talks between the struggling conglomerate and key creditors.Source: Yahoo! News: Business | 7 Dec 2009 | 3:01 am Dubai government ring-fences key assets, shares tumbleDUBAI (Reuters) - Dubai moved on Monday to ring-fence prized assets from the $26 billion debt restructuring of Dubai World, denting already fragile investor sentiment ahead of talks betweenSource: RSS feed - channel BNewsBusiness | 7 Dec 2009 | 3:01 am Dubai government ring-fences key assets, shares tumbleDUBAI (Reuters) - Dubai moved on Monday to ring-fence prized assets from the $26 billion debt restructuring of Dubai World, denting already fragile investor sentiment ahead of talks between the struggling conglomerate and key creditors.Source: Reuters: Business News | 7 Dec 2009 | 3:01 am Dubai stock market slumps againDubai's shares are on the slide again, as a minister says any decision to sell Dubai World assets lies with the company.Source: BBC News | Business | World Edition | 7 Dec 2009 | 3:01 am WRAPUP 1-Dubai govt ring-fences key assets, shares tumble* Govt will not sell assets to meet Dubai World obligationsSource: RSS feed - channel BNewsBusiness | 7 Dec 2009 | 2:59 am Banks criticise windfall tax planBanking chiefs criticise reports the Treasury is planning to levy a windfall tax on the bonuses paid to some UK-based bankers.Source: BBC News | Business | World Edition | 7 Dec 2009 | 2:57 am Dollar's data-driven recovery dents bourses09:45 GMT. European bourses started the week on the back foot as the dollar continued to rally following better-than-expected US jobs data unveiled on Friday.The FTSE 100 lost 0.7 per cent to 5,285.6,...Source: RSS feed - channel BNPaperBusiness | 7 Dec 2009 | 2:55 am Dollar’s data-driven recovery dents boursesGlobal Markets Overview: European bourses start the week on the back foot as the dollar continues to rally following better-than-expected US jobs dataSource: Financial Times - US homepage | 7 Dec 2009 | 2:55 am FTSE 100 drops as bonus tax fears hit bank sharesBritain's FTSE 100 was dragged lower as investors sold bank shares in reaction to suggestions that the government could tax banks and bonuses to raise revenue.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Dec 2009 | 2:52 am UN climate conference opens in CopenhagenA U.N. climate conference has opened for two weeks of negotiations among 192 nations to forge a pact to secure the world from calamitous global warming. Conference president Connie...Source: RSS feed - channel BNewsBusiness | 7 Dec 2009 | 2:48 am Rush Limbaugh: Media’s $ 1 Billion ManAs a media man, Rush Limbaugh is a veritable Midas. He had at least five easily discernable revenue streams. In all, Limbaugh likely brings in close to $60 million each year. It’s a good thing the man lives in Florida where taxes are favorable. Limbaugh is likely to bring in over $1 billion during the course of his a decade and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Dec 2009 | 2:44 am London Markets: British shares fall as banks and miners weighShares in London fall on Monday, almost wiping out the previous session’s sharp U.S. jobs-related gains, as another tumble for metals futures weighs on mining shares and banks also lose ground.
Source: MarketWatch.com - Top Stories | 7 Dec 2009 | 2:44 am Irish bank error hits UK clientsThe Belfast office of Anglo Irish Bank is at the centre of an investigation after it inadvertently released information on 500 UK customers.Source: BBC News | Business | World Edition | 7 Dec 2009 | 2:35 am Resource stocks fall in Asia; Japan exporters riseResource stocks are a major weak spot in the Asian stock markets on Monday after gold posted its first weekly loss since the end of October, but Japanese exporters extend their rally following the yen's recent losses.
Source: MarketWatch.com - Top Stories | 7 Dec 2009 | 2:32 am Brazil's Hypermarcas to pay $751 mln for rivalSAO PAULO, Dec. 7 (Reuters) - Hypermcarcas , the largest Brazilian maker of consumer goods, agreed on Monday to pay 1.3 billion reais ($751 million) for drugmaker NeoQuimica to expand into the over-the-counter...Source: RSS feed - channel BNewsBusiness | 7 Dec 2009 | 2:30 am Kuwait sells Citi stake, makes $1.1 billion profitKUWAIT (Reuters) - Kuwait's sovereign wealth fund said on Sunday it had sold its stake in Citigroup Inc for a profit of $1.1 billion, becoming the latest Gulf investor to sell foreign shares as markets improve.Source: Reuters: Business News | 7 Dec 2009 | 2:29 am Kuwait sells Citi stake, makes $1.1 billion profitKUWAIT (Reuters) - Kuwait's sovereign wealth fund said on Sunday it had sold its stake in Citigroup Inc for a profit of $1.1 billion, becoming the latest Gulf investor to sell foreign...Source: RSS feed - channel BNewsBusiness | 7 Dec 2009 | 2:29 am UK households to see their electricity bills rise by £4.30 a yearBritish households will see their electricity bills rise by an average of £4.30 a year to help pay for improvements to the distribution network, the regulator said today.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Dec 2009 | 2:24 am Energy suppliers may be forced to cut billsOfgem, Britain's energy regulator, today warned energy supply companies that they may be forced to pass on the benefits of falling wholesale gas prices to customers in the new year. Source: Latest Business News from Times Online | 7 Dec 2009 | 2:21 am Metals Stocks: Gold extends losses, as dollar gains vs. rivalsGold futures fell more than 2% on Monday, extending their sharp losses, as the U.S. dollar rose against its major rivals, reducing the appeal of bullion as a hedge against the currency’s depreciation.
Source: MarketWatch.com - Top Stories | 7 Dec 2009 | 2:18 am Virgin Galactic to unveil commercial spaceshipAfter five years of secret construction, the cloak is coming off a privately funded spacecraft designed to fly well-heeled tourists into space. The long-awaited glimpse of SpaceShipTwo,...Source: RSS feed - channel BNewsBusiness | 7 Dec 2009 | 2:12 am Stock futures signal dip; eyes on Bernanke(Reuters) - Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.62 percent, Dow Jones futures down 0.53 percent and Nasdaq 100...Source: RSS feed - channel BNewsBusiness | 7 Dec 2009 | 2:08 am Stock futures signal dip; eyes on Bernanke (Reuters)
Source: Yahoo! News: Business | 7 Dec 2009 | 2:08 am Stock futures signal dip; eyes on Bernanke(Reuters) - Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.62 percent, Dow Jones futures down 0.53 percent and Nasdaq 100 futures down 0.52 percent, at 0840 GMT (3:40 a.m. EST).Source: Reuters: Business News | 7 Dec 2009 | 2:08 am Stock futures signal dip; eyes on Bernanke (Reuters)
Source: Yahoo! News: Stock Markets News | 7 Dec 2009 | 2:08 am U.K. may target banker bonuses with new taxThe U.K. is considering a direct tax on bankers’ bonuses or a windfall tax on the banks themselves amid rising public anger over the likely hefty payouts in the sector, according to media reports.
Source: MarketWatch.com - Top Stories | 7 Dec 2009 | 2:05 am Media Digest 12/7/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: The Treasury says the TARP loss will be $200 billion less than expected. Reuters: Cadbury (NYSE:CBY) will respond to the Kraft (NYSE:KFT) offer on the 14th of December. Reuters: Five AIG (NYSE:AIG) executives may quit over pay restrictions Reuters: The US and Japan will open the options for carriers to fly to Tokyo. Reuters: Dubai will not sell [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Dec 2009 | 1:59 am Bankers hit back at 'populist' bonus supertaxThe banking industry today warned the Treasury that plans for a "supertax" on bankers' bonuses would damage the City's reputation as a financial centre and risk an exodus of companies abroad. Source: Latest Business News from Times Online | 7 Dec 2009 | 1:55 am Daisy to cut 300 jobs as it integrates telecoms businessesDaisy Group, the British telecoms company, is to cut around 300 jobs as it integrates the businesses it has acquired and divests from its wireless businesses.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Dec 2009 | 1:54 am Europe Markets: European shares stage retreat, miners weighEuropean shares retreated on Monday, pulling back from sharp gains made in the wake of U.S. jobs data, as investors continued to sell shares in mining companies.
Source: MarketWatch.com - Top Stories | 7 Dec 2009 | 1:46 am PNG gas project to supply Japan's TEPCO: ExxonUnited States energy group Exxon Mobil Monday said it had reached an agreement with Tokyo Electric Power Co. Inc. to supply it with gas from its Liquefied Natural Gas (LNG) project in PapuaSource: RSS feed - channel BNewsBusiness | 7 Dec 2009 | 1:45 am Asian markets mixed; Nikkei hits 6-week high (AP)
Source: Yahoo! News: Stock Markets News | 7 Dec 2009 | 1:36 am Asian markets mixed; Nikkei hits 6-week highAsian markets were mixed Monday, with a weaker yen lifting Japanese stocks to a six-week high, while a drop in the U.S. unemployment rate failed to spur buying in a region that has rallied...Source: RSS feed - channel BNewsBusiness | 7 Dec 2009 | 1:36 am Oil below $76 as OPEC ministers flag steady outputOil prices hovered below $76 a barrel Monday in Asia after several OPEC ministers said they don't expect their group to change production levels at a meeting later this month. Benchmark...Source: RSS feed - channel BNewsBusiness | 7 Dec 2009 | 1:35 am FTSE 100 slightly lower at open (AFP)
Source: Yahoo! News: Stock Markets News | 7 Dec 2009 | 1:34 am London shares lose momentumLondon equities were lower on Monday, as fading momentum from improving US economic data left riskier financial and resource stocks vulnerable. The FTSE 100 fell 27 points to 5,296.0, a loss of 0.5 per...Source: RSS feed - channel BNPaperBusiness | 7 Dec 2009 | 1:27 am Asia Markets And Europe Open (12/7/2009)Markets in Asia were mixed. The Nikkei rose 1.5% to 10,168. JAL rose sharply on news of a government bailout. The Hang Seng fell .8% to 22,325. Geely Auto rose. The Shanghai Composite was up .5% to 3,332. At the open in Europe, the FTSE fell .6% to 5,294. The Dax fell .6% to 5,784 and Siemen (NYSE:SI) dropped. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Dec 2009 | 1:23 am Electricity bills to rise to fund network repairConsumers are facing rising electricity bills after Ofgem, the power industry regulator, announced today that it will allow Britain's 14 regional electricity distributors to raise prices by 5.6 per cent for the next five years. Source: Latest Business News from Times Online | 7 Dec 2009 | 1:01 am Mercedes to sponsor AEG arena in ChinaThe automaker is expected to announce a 10-year deal for the $280-million venue in Shanghai that is being developed by AEG, the National Basketball Assn. and a division of Shanghai Media. ...Source: RSS feed - channel BNPaperBusiness | 7 Dec 2009 | 1:00 am U.S. plans to cut TARP cost estimateThe Obama administration believes the bailout program's cost will be at least $200 billion below the $341-billion estimate it made in August, an official says. ...Source: RSS feed - channel BNPaperBusiness | 7 Dec 2009 | 1:00 am Video game voice actors worry they're getting shortchangedAs their role expands, many worry that their pay isn't keeping pace with the lucrative industry's growth. When...Source: RSS feed - channel BNPaperBusiness | 7 Dec 2009 | 1:00 am Weekend box-office resultsSource: RSS feed - channel BNPaperBusiness | 7 Dec 2009 | 1:00 am Battle for Diedrich Coffee heats upRivals Peet's Coffee & Tea and Green Mountain Coffee Roasters wage a bidding war that has driven up the price of the Orange County firm to $290 million. ...Source: RSS feed - channel BNPaperBusiness | 7 Dec 2009 | 1:00 am Investors are uneasy after getting what they wished forLower-than-expected job losses last month are the surest sign that the economy can sustain Wall Street's 9-month rally. But some worry it will lead to interest rate hikes or stimulus program cuts. ...Source: RSS feed - channel BNPaperBusiness | 7 Dec 2009 | 1:00 am Internal breakup at TCW gets uglyIts chief investment officer, Jeffrey Gundlach, who was fired Friday, says he may launch a rival firm and take clients with him.For the second time in 15 years, Los Angeles-based money management giant TCW Group is involved in an ugly public divorce that is forcing its clients to choose sides.
Source: L.A. Times - Business | 7 Dec 2009 | 1:00 am China turns to Madison Avenue for an image makeoverThe nation plagued by product recalls has hired a Manhattan ad agency to wage a global PR campaign. It's now running a TV spot seeking to boost the reputation of the ubiquitous 'Made in China' label. ...Source: RSS feed - channel BNPaperBusiness | 7 Dec 2009 | 1:00 am 'Blind Side' hits No. 1 as 'Up in the Air' soarsThe football drama starring Sandra Bullock brings in $20.4 million over the weekend, while the George Clooney film shows promise in limited release. ...Source: RSS feed - channel BNPaperBusiness | 7 Dec 2009 | 1:00 am Investors are uneasy after getting what they wished forLower-than-expected job losses last month are the surest sign that the economy can sustain Wall Street's 9-month rally. But some worry it will lead to interest rate hikes or stimulus program cuts.Be careful what you wish for.
Source: L.A. Times - Business | 7 Dec 2009 | 1:00 am Mercedes to sponsor AEG arena in ChinaThe automaker is expected to announce a 10-year deal for the $280-million venue in Shanghai that is being developed by AEG, the National Basketball Assn. and a division of Shanghai Media.Los Angeles-based entertainment titan AEG has found a sponsor for its new $280-million arena in Shanghai -- Mercedes-Benz.
Source: L.A. Times - Business | 7 Dec 2009 | 1:00 am Plug-in hybrids have miles to go for widespread useMany major automakers have unveiled vehicles at the L.A. Auto Show that are within a year or two of the showroom, but a lot has to change for such cars to be common sights in the U.S. private fleet.Anyone strolling about the exhibition floor of the L.A. Auto Show this week can be forgiven for thinking that the battle for the green car has been won, and the plug-in electric hybrid is the victor.
Source: L.A. Times - Business | 7 Dec 2009 | 1:00 am Weekend box-office results
Source: L.A. Times - Business | 7 Dec 2009 | 1:00 am China turns to Madison Avenue for an image makeoverThe nation plagued by product recalls has hired a Manhattan ad agency to wage a global PR campaign. It's now running a TV spot seeking to boost the reputation of the ubiquitous 'Made in China' label.Plagued by recalls of toxic toys, poison pet food and other products, and facing rising trade barriers for its exports, China is taking a page from the American corporate playbook. It has hired a Madison Avenue ad agency to help burnish its image.
Source: L.A. Times - Business | 7 Dec 2009 | 1:00 am Video game voice actors worry they're getting shortchangedAs their role expands, many worry that their pay isn't keeping pace with the lucrative industry's growth.When Dave Wittenberg began his acting career at a community theater in Boston, he never imagined that one day he'd be making his living as a voice artist for video game characters, portraying the likes of Hades, Tweedledee and Jerry Seinfeld.
Source: L.A. Times - Business | 7 Dec 2009 | 1:00 am 'Blind Side' hits No. 1 as 'Up in the Air' soarsThe football drama starring Sandra Bullock brings in $20.4 million over the weekend, while the George Clooney film shows promise in limited release.Box-office phenomenon "The Blind Side" dominated the traditionally slow weekend after Thanksgiving as four new movies failed to do much business but "Up in the Air" soared in limited release.
Source: L.A. Times - Business | 7 Dec 2009 | 1:00 am Battle for Diedrich Coffee heats upRivals Peet's Coffee & Tea and Green Mountain Coffee Roasters wage a bidding war that has driven up the price of the Orange County firm to $290 million.A takeover battle for an Orange County coffee roaster has turned downright frothy, with major rivals Peet's Coffee & Tea Inc. and Green Mountain Coffee Roasters Inc. trading bids and barbs.
Source: L.A. Times - Business | 7 Dec 2009 | 1:00 am Cadbury to respond to Kraft offer on December 14LONDON (Reuters) - British confectioner Cadbury said on Monday it would post a formal response to Kraft's $16 billion takeover offer on December 14.Source: Reuters: Business News | 7 Dec 2009 | 12:58 am Cadbury to post formal response to Kraft offer on December 14Cadbury said it would give its formal response to Kraft's proposed takeover offer on December 14 as speculation mounted that Hershey and Nestlé were in talks about a joint bid for the British confectioner.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Dec 2009 | 12:56 am Dubai stock market slumps (AFP)
Source: Yahoo! News: Stock Markets News | 7 Dec 2009 | 12:45 am Currencies: Dollar pares some of Friday's gains vs. rivalsThe dollar slipped against major counterparts Monday, giving back some of Friday’s surge as investors took profits, but it remained well above recent lows on increased bets that the U.S. Federal Reserve will increase rates earlier than some had forecast.
Source: MarketWatch.com - Top Stories | 7 Dec 2009 | 12:45 am We must stop stealing from our youngstersBritain is living way beyond its means - taxes have to be cut to create wealth, says Michael Forsyth.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Dec 2009 | 12:43 am Lower close for ASXThe Australian share market closed lower on Monday, as weaker commodity prices pulled back resources stocks.At the close, the benchmark S&P/ASX200 index had fallen 25.7 points, or 0.55 per cent, to 4,676.5, while the broader All...Source: nzherald.co.nz - Business | 7 Dec 2009 | 12:30 am Shanks will consider a 150p-a-share offerWaste management company Shanks said that it would consider an offer of 150p-a-share from Carlyle after the private equity firm made an approach of 135p-a-share.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Dec 2009 | 12:29 am JAL shares jump on loan reportsShares in Japan Airlines surge 7% after reports suggest the government is to guarantee billions of yen in loans to the carrier.Source: BBC News | Business | World Edition | 7 Dec 2009 | 12:26 am Dubai and Abu Dhabi shares drop in early trading, Asian markets mixedThe Dubai and Abu Dhabi stock exchanges both fell in early trading on Monday after rising yesterday.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Dec 2009 | 12:15 am Sharemarket ends Monday quietlyThe New Zealand sharemarket started a week with a whimper but the price of market operator NZX bolted higher.The benchmark NZSX-50 index closed down 7.878 points, or 0.25 percent, at 3138.579 after initially opening up 11.2 points.The...Source: nzherald.co.nz - Business | 7 Dec 2009 | 12:01 am Economy still in fragile shape - TreasuryDespite signs of economic recovery, many risks still threaten the sustainability of economic growth, Treasury said today.Releasing its monthly economic indicator report for November today, Treasury said households were still acting...Source: nzherald.co.nz - Business | 7 Dec 2009 | 12:00 am British GP future to be revealedSilverstone officials will hold a news conference on Monday amidst reports a deal has been struck for the venue to host next year's British Grand Prix.Source: BBC News | Business | World Edition | 6 Dec 2009 | 11:43 pm 'NI recession is over' says bankThe recession is over in Northern Ireland according to the chief economist at one of NI's 'big four' banks.Source: BBC News | Business | World Edition | 6 Dec 2009 | 11:40 pm U.S. bank bailout estimate cut by $200 billion (Reuters)Reuters - The projected long-term cost of the U.S. government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night.Source: Yahoo! News: Business | 6 Dec 2009 | 11:30 pm U.S. bank bailout estimate cut by $200 billionWASHINGTON (Reuters) - The projected long-term cost of the U.S. government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night.Source: Reuters: Business News | 6 Dec 2009 | 11:30 pm Five AIG execs say may quit over pay: report (Reuters)Reuters - Five senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday.Source: Yahoo! News: Business | 6 Dec 2009 | 11:09 pm Five AIG execs say may quit over pay: reportNEW YORK (Reuters) - Five senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday.Source: Reuters: Business News | 6 Dec 2009 | 11:09 pm Dubai won't sell assets for Dubai World debtDUBAI (Reuters) - Dubai's government will not sell any assets to meet the obligations of state-owned Dubai World, but the conglomerate itself might sell some of its foreign assets, Dubai's finance chief told Al Jazeera television.Source: Reuters: Business News | 6 Dec 2009 | 10:49 pm ETF Investing: Dubai dents emerging markets ETFsInvestors have piled into exchange-traded funds that track hot-performing emerging markets this year, but the tremors from Dubai’s debt scare provide a clear warning of this volatile sector’s risks.
Source: MarketWatch.com - Top Stories | 6 Dec 2009 | 10:01 pm Peter Brimelow: Gold bugs unfazed by metal's correctionGold takes a $40-plus beating, but the gold bugs (not for the first time) are dug in and determined.
Source: MarketWatch.com - Top Stories | 6 Dec 2009 | 10:01 pm Marsh on Monday: Minaret 'no' puts Swiss balancing act at riskIf you're a small country running a current-account surplus of 6% or 7% of GDP yet lucky enough to keep your currency at a relatively weak level to protect exports, you don't want to draw attention to yourself. But that's exactly what Switzerland has done.
Source: MarketWatch.com - Top Stories | 6 Dec 2009 | 10:01 pm Coming to a Theater Near You: The Snack Police (Deal of the Day)Movie chains are banning outside food. We find ways to save on your popcorn.
Source: SmartMoney.com | 6 Dec 2009 | 10:00 pm Should You Invest in the Building Boom?The world is on a construction spree, but not all ETFs are winners.
Source: SmartMoney.com | 6 Dec 2009 | 10:00 pm Cautious Optimists Cheer Rosy Jobs Report (Pundit Watch)Pundits see reason for hope, but say hurdles could remain.
Source: SmartMoney.com | 6 Dec 2009 | 10:00 pm 10 Things Cleaning Services Won't Tell You (10 Things)Strategies on finding a housekeeper who you can trust.
Source: SmartMoney.com | 6 Dec 2009 | 10:00 pm After decade of decline, AOL is back as also-ranTen years ago, at the height of the dot-com boom, AOL and Time Warner Inc. cobbled together an audacious merger of two of the world’s foremost information giants, one old and one young.
Source: MarketWatch.com - Top Stories | 6 Dec 2009 | 10:00 pm Giving the Gift of a Down PaymentHow to help junior buy a home -- without triggering the gift tax.
Source: SmartMoney.com | 6 Dec 2009 | 10:00 pm Citi seeks government nod to repay taxpayers: reportNEW YORK (Reuters) - Citigroup Inc is trying to persuade the U.S. government to allow it to repay $20 billion in taxpayer funds before a window to launch a share sale effectively shuts by the middle of next week, the Financial Times reported on Sunday.Source: Reuters: Business News | 6 Dec 2009 | 9:44 pm Hanover urges investors to think positiveHanover Finance shareholders have been urged to put aside the company's poor performance and any animosity towards the company's directors in voting on a takeover offer by Allied Farmers.Stock exchange-listed rural services and...Source: nzherald.co.nz - Business | 6 Dec 2009 | 9:30 pm Dollar Outlook: Kiwi faces tough week ahead of Bollard statementThe New Zealand dollar faces a tough week ahead of the central bank's monetary policy statement on Thursday after falling US unemployment unexpectedly stoked the prospect of an early rate hike by the Federal Reserve.All seven...Source: nzherald.co.nz - Business | 6 Dec 2009 | 8:30 pm Polls show Bolivia’s Morales poised for winWith 66% of the vote counted, exit polls show the former coca grower leader almost certain to have won a second term as president and a clear mandate to forge ahead with his socialist revolutionSource: Financial Times - US homepage | 6 Dec 2009 | 8:07 pm Japan mulling $7.8 billion guarantee to JAL: sourceTOKYO (Reuters) - Japan is looking at guaranteeing about $7.8 billion in funding to Japan Airlines Corp , a government source said on Monday, easing concerns that the carrier could run out of funds and helping send its shares 8 percent higher.Source: Reuters: Business News | 6 Dec 2009 | 7:48 pm Haute couture looking threadbareOutside the Christian Lacroix shop on Paris's fashionable Rue du Faubourg Saint Honore, two middle-aged American tourists are debating whether to take a photograph."It might not be here much longer," a woman says to her husband...Source: nzherald.co.nz - Business | 6 Dec 2009 | 7:30 pm Adidas v Nike: The battle over soccer's big prizeThe first big clash of the 2010 World Cup finals has already kicked off, not in South Africa but alongside the grachts of Amsterdam where some of the best creative minds in advertising are involved in an intense struggle.On one...Source: nzherald.co.nz - Business | 6 Dec 2009 | 7:30 pm Shanghai exchange approves global ETFs: report (Reuters)Reuters - The Shanghai Stock Exchange has approved the development of global exchange-traded funds (ETFs) by Chinese fund houses to track six overseas indexes including the Dow Jones industrial average (.DJI), the Shanghai Securities News reported on Monday, citing Xu Ming, vice general manager of the exchange.Source: Yahoo! News: Stock Markets News | 6 Dec 2009 | 6:47 pm Telecom fined $500,000 for misleading broadband adsThe Commerce Commission is warning business that their products must live up to their marketing hype after Telecom New Zealand Ltd was fined $500,000 in the Auckland District Court after pleading guilty to 17 charges of breaching...Source: nzherald.co.nz - Business | 6 Dec 2009 | 6:30 pm Telecom fined $500,000 for misleading broadband adsThe Commerce Commission is warning business that their products must live up to their marketing hype after Telecom was fined $500,000 in the Auckland District Court after pleading guilty to 17 charges of breaching the Fair Trading...Source: nzherald.co.nz - Business | 6 Dec 2009 | 6:30 pm Manufacturers showing some optimismManufacturers are showing some signs of optimism in the New Zealand Manufacturers and Exporters Association's latest monthly survey.The survey's forecast index - which covers investment, sales, profitability and staff - moved...Source: nzherald.co.nz - Business | 6 Dec 2009 | 6:00 pm Timetable of US troop pullout uncertainRobert Gates, defence secretary, said US troops could be in Afghanistan for years to come as administration officials sought to refute criticism that setting a 2011 withdrawal date was a strategic errorSource: Financial Times - US homepage | 6 Dec 2009 | 5:13 pm Premier Inn hits back at Travelodge in row over £29-a-room offerPremier Inn, the budget hotel chain owned by Whitbread, has fired off a series of legal warnings to Travelodge after its rival lodged a complaint with the Advertising Standards Authority (ASA) over a £29-a-room promotional campaign fronted by Lenny Henry, the actor. Source: Latest Business News from Times Online | 6 Dec 2009 | 5:01 pm Traders will be applying lessons learnt from last ChristmasLast Christmas the balance of power shifted from retailers to consumers. The unpredicted weakness in demand caused by the financial crisis created a buyer’s market, as retailers went into Christmas discounting heavily to generate sales and reduce stock. Source: Latest Business News from Times Online | 6 Dec 2009 | 5:01 pm Monday manifesto: A Giant leap for women on the moveDid you have a chance to see them?” Bonnie Tu asks as she sweeps into the room and gestures towards a display of seven bikes of various shapes and sizes. “All designed by women for women: that’s what is going to change the way the world thinks about bicycles.” Source: Latest Business News from Times Online | 6 Dec 2009 | 5:01 pm Gala odds-on to opt for £540m debt-for-equity swapThe future of Gala Coral, the highly leveraged gambling operator, will be decided this week as the group’s mezzanine finance providers seek to persuade its bankers to reject a bid for control by Blackstone and Permira and instead support a debt-for-equity swap. Source: Latest Business News from Times Online | 6 Dec 2009 | 5:01 pm Sale provokes fresh attack by NTS criticsThe National Trust for Scotland has been accused of “bankrupt management style” after it emerged that it sold Wemyss House, its Edinburgh headquarters, at a loss of about £3.5 million (Mike Wade writes). Source: Latest Business News from Times Online | 6 Dec 2009 | 5:01 pm Fears for private sector pensionsThree out of four private sector employers expect to be forced to make even bigger contributions into their final-salary pension schemes, even though most of their schemes have been closed to new members for years. Source: Latest Business News from Times Online | 6 Dec 2009 | 5:01 pm Copenhagen emissions targets ‘not enough to avert catastrophic warming’Emissions cuts proposed by the world’s leading countries fall far short of what is needed to prevent catastrophic global warming, according to a study released on the eve of the Copenhagen climate change summit. Source: Latest Business News from Times Online | 6 Dec 2009 | 5:01 pm Obama meets with Senate DemocratsPresident Barack Obama paid a rare visit to his former Senate colleagues, urging them to overcome their differences on healthcare reform and pass legislationSource: Financial Times - US homepage | 6 Dec 2009 | 4:24 pm Citigroup in race to repay its bail-out fundsCitigroup is racing against the clock to convince US authorities that it be allowed to repay $20bn of bail-out funds, with insiders and regulators arguing that unless the bank acts in the next 10 days it will have to wait for more than a monthSource: Financial Times - US homepage | 6 Dec 2009 | 3:33 pm Obama banks on Tarp fund to bolster job creationBarack Obama, US president, is preparing to deploy parts of the $700bn troubled asset relief programme to support job creation, against the wishes of more conservative economists and strategists who want to use the money to pay down debtSource: Financial Times - US homepage | 6 Dec 2009 | 3:29 pm Pre-Budget report: Alistair Darling to target high earnersPlans to levy a one-off windfall tax on bank profits and a super-tax on bankers who receive bonuses above a certain level.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Dec 2009 | 3:25 pm Bloomberg eyes more acquisitionsThe financial data group plans a further year of aggressive investment as it seeks to broaden its reach amid optimism within the company that the sector is ‘hitting bottom’Source: Financial Times - US homepage | 6 Dec 2009 | 2:34 pm New chief puts faith in Ericsson technologyHans Vestberg insists the world’s largest maker of mobile network equipment can continue to outpace its rivals due to its innovative technologySource: Financial Times - US homepage | 6 Dec 2009 | 2:31 pm Apple confirms purchase of music site Lala.comApple Inc. has purchased online music retailer Lala.com, a Silicon Valley startup that has threatened "the end of the MP3" with its fast song-streaming application.
Source: L.A. Times - Business | 6 Dec 2009 | 2:06 pm Pre-Budget report: Alistair Darling to target high earnersHigh earners have been warned by Alistair Darling, the Chancellor, that they will be expected to "bear the greatest burden" of economic recovery in this week's pre-Budget report.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Dec 2009 | 2:05 pm Deal on carbon cuts draws closerThe world is ‘within closing distance’ of agreeing cuts in greenhouse gases that would satisfy scientific demands, according to a new analysisSource: Financial Times - US homepage | 6 Dec 2009 | 1:44 pm Silicon Valley set for IPO reboundSilicon Valley is on the verge of a new bout of Wall Street fever, as private technology companies rush to cash in on the first signs of stock market interest in initial public offerings for more than two years, according to venture capitalistsSource: Financial Times - US homepage | 6 Dec 2009 | 1:18 pm The great American credit contraction rolls onWASHINGTON (Reuters) - Americans face the seemingly intractable dilemma of having to reduce their levels of debt but not so rapidly as to derail a nascent economic recovery.Source: Reuters: Business News | 6 Dec 2009 | 1:03 pm The great American credit contraction rolls on (Reuters)Reuters - Americans face the seemingly intractable dilemma of having to reduce their levels of debt but not so rapidly as to derail a nascent economic recovery.Source: Yahoo! News: Business | 6 Dec 2009 | 1:03 pm Why Copenhagen climate talks matterIt's a massive jamboree, with tempers on both sides of the issue running hot and no final deal in sight.Source: Business and financial news - CNNMoney.com | 6 Dec 2009 | 12:29 pm Traders facing Fed, dollar questions this week (AP)
Source: Yahoo! News: Stock Markets News | 6 Dec 2009 | 11:58 am Amazon says no plans to open physical stores (Reuters)Reuters - Amazon.com Inc , the world's largest online retailer, has no plans to open stores anywhere in the world, it said on Sunday, in response to a report it was planning to open high street shops in Britain.Source: Yahoo! News: Business | 6 Dec 2009 | 10:08 am Stocks may climb, but beware of Scrooge (Reuters)
Source: Yahoo! News: Stock Markets News | 6 Dec 2009 | 9:14 am New York Times visits the App StoreSource: Business and financial news - CNNMoney.com | 6 Dec 2009 | 6:36 am All Santa wants for Christmas: A flu shotSanta Claus is a marked man.Source: Business and financial news - CNNMoney.com | 6 Dec 2009 | 6:30 am The Next Little Thing of 2010Wireless electricity. Invisible speakers. A mind-reading headset. See what's coming from America's entrepreneurs this year.Source: Business and financial news - CNNMoney.com | 6 Dec 2009 | 6:30 am Droid manly, iPhone girlySource: Business and financial news - CNNMoney.com | 6 Dec 2009 | 6:27 am Amazon (AMZN) May Open “Bricks-And-Mortar” StoresApple (NASDAQ:AAPL) has opened scores of retail stores and by almost any measure they have been a success. Microsoft (NASDAQ:MSFT) is opening retail locations to sell its hardware and software. It is too early to tell if Redmond’s initiative will be profitable or simply a loss leader for demonstrating Windows and xbox 360s. Word comes from [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Dec 2009 | 6:07 am Charting The Toll Of UnemploymentThe attached chart from The American Observer does a particularly good job of showing the progress of unemployment superimposed on a map of the United States. The period covered is January 2007 to October 2009 Douglas A. McIntyre Posted in Economy[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Dec 2009 | 5:19 am Goldman Sachs (GS) Bonus Payout Will Be $19 BillionPressure from the federal government and taxpayers did nothing to bend the will of Goldman Sachs (NYSE:GS) It will pay out $19 billion in bonuses to its employments which means that executives and senior bankers will make tens of millions of dollars each. According to the Observer, the firm’s net income will be $45 billion for the firm’s [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Dec 2009 | 5:09 am
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