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Get ready for a fixed-income revolutionThe extraordinary market conditions resulting from the credit crunch could be setting off a quiet revolution in Britain. Increasingly, wealthy individuals and companies are looking to fixed-income markets to invest and raise finance. Source: Latest Business News from Times Online | 8 Dec 2009 | 9:56 am Japan Increases Stimulus $81 Billion: What Does It Know That The US Doesn’tJapan will increase it stimulus package by $81 billion, a move that will almost certainly increase the nation’s public debt and strain the global fixed income markets making it more likely that interest rates will rise. Japan is concerned that its economy has not fully escaped that recession and that a strong yen is hurting the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Dec 2009 | 3:42 am Blackberry plans China sales pushBlackberry mobile handsets and internet services will be offered to individual Chinese consumers for the first time in major sales push.Source: BBC News | Business | World Edition | 8 Dec 2009 | 3:36 am Tesco sales towards bottom end of forecastsLONDON (Reuters) - Tesco Plc, the world's No.3 retailer, posted quarterly sales growth toward the bottom end of forecasts, held back by a drop in food price inflation, but said a gradual consumer recovery remained on track.Source: Reuters: Business News | 8 Dec 2009 | 3:35 am Stocks Prices Increases Get Out Of HandShares in Sprint (NYSE:S) were up more than 10% at one point yesterday on news from Barron’s that the stock was undervalued. One articles, and the telecom’s market cap was up almost $1.5 billion. Nvidia (NYSE:NVDA) also rose yesterday on news that rival Intel (NASDAQ:INTC) would not product a graphics chip which would compete with a [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Dec 2009 | 3:32 am Japan unveils $81 billion economic stimulus (Reuters)
Source: Yahoo! News: Business | 8 Dec 2009 | 3:31 am Japan unveils $81 billion economic stimulusTOKYO (Reuters) - Japan's government agreed on a $81 billion stimulus package on Tuesday, aimed at preventing the economy from tipping back into recession as deflation persists and a strong yen threatens exports.Source: Reuters: Business News | 8 Dec 2009 | 3:31 am Dubai shares continue to tumbleDubai's stock market slides for the second consecutive day on continuing fears about leading companies' ability to repay debts.Source: BBC News | Business | World Edition | 8 Dec 2009 | 3:31 am Tired of Eggs? Try Boneless Chicken
Source: Business Pundit | 8 Dec 2009 | 3:26 am No growth in UK industrial outputIndustrial production in the UK shows no growth in October, disappointing analyst forecasts for an increase.Source: BBC News | Business | World Edition | 8 Dec 2009 | 3:25 am Stocks stutter as dollar’s rally fadesGlobal Markets Overview: The dollar’s rally fizzled and global stocks stuttered on Tuesday after Ben Bernanke, Fed chairman, signalled no change in his pledge to keep rates low for an ‘extended period’Source: Financial Times - US homepage | 8 Dec 2009 | 3:14 am Citigroup (C) And Government Fight Over TARP ExitBehind the scenes but barely out of sight, Citigroup (NYSE:C) is fighting with federal agencies about how much money it will need to have on hand to exit the TARP program. Taxpayers own about a third of Citi and the government agreed early last year to guarantee a portfolio of over $300 billion in loans on the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Dec 2009 | 3:12 am Call for rise in water meter useAn independent review calls for a huge rise in the use of water meters to encourage people to use their supply more wisely.Source: BBC News | Business | World Edition | 8 Dec 2009 | 3:10 am Feud between the chef and the owner closes Oslo's top restaurantOslo's only Michelin-listed restaurant will close before Christmas after the head chef and all the staff resigned.Source: BBC News | Business | World Edition | 8 Dec 2009 | 2:59 am Japan in $81bn stimulus packageJapan agrees a 7.2 trillion yen ($81bn) stimulus package designed to prevent the country from slipping back into recession.Source: BBC News | Business | World Edition | 8 Dec 2009 | 2:59 am The Jobless Recovery Is Joined By A “Credit-Less” OneThe economic recovery can only carry so much weight before it gets bogged down. It already faces unemployment that is 10% and may rise into next year. In 2011, personal and business taxes are scheduled to rise which should cut into spending. Now, The Federal Reserve reports that consumer credit is still contracting and fell $3.5 billion [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Dec 2009 | 2:59 am Stock futures signal mixed open (Reuters)
Source: Yahoo! News: Stock Markets News | 8 Dec 2009 | 2:59 am Stock futures signal mixed open (Reuters)
Source: Yahoo! News: Business | 8 Dec 2009 | 2:59 am Stock futures signal mixed open(Reuters) - Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.21 percent, Dow Jones futures down 0.07 percent and Nasdaq 100...Source: RSS feed - channel BNewsBusiness | 8 Dec 2009 | 2:59 am Stock futures signal mixed open(Reuters) - Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.21 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures down 0.13 percent at 0933 GMT (4:33 a.m. EST).Source: Reuters: Business News | 8 Dec 2009 | 2:59 am London Markets: Tesco shares under pressure in steady LondonTesco shares are under pressure in London’s top share index on Tuesday after the supermarket giant outlined a slowdown in comparable U.K. sales growth.
Source: MarketWatch.com - Top Stories | 8 Dec 2009 | 2:58 am Space elevator entrepreneurs shoot for the starsThe annals of entrepreneurship are full of world-changing ideas, pipe dreams and visionary projects plagued by missteps and skepticism. Then there's the space elevator, which is all of the above on steroids.Source: Business and financial news - CNNMoney.com | 8 Dec 2009 | 2:57 am Obama: Use TARP for job creationPresident Obama is expected to announce Tuesday that he wants Congress to redirect a certain portion of leftover Wall Street bailout funds toward job creation measures, White House officials told CNN.Source: Business and financial news - CNNMoney.com | 8 Dec 2009 | 2:54 am Stocks set for a mixed openU.S. stocks headed for a mixed start Tuesday as investors consider some developments concerning the nation's employment picture.Source: Business and financial news - CNNMoney.com | 8 Dec 2009 | 2:52 am House prices 'up for fifth month'House prices have risen for the fifth month in a row, says the Halifax, increasing by 1.4% in November.Source: BBC News | Business | World Edition | 8 Dec 2009 | 2:52 am Asian markets decline; Tokyo snaps 6-session rallyAsian markets ended mostly lower Tuesday, with Japanese stocks snapping a six-session winning streak as exporters dropped on the yen's renewed strength.
Source: MarketWatch.com - Top Stories | 8 Dec 2009 | 2:52 am House prices rise 1.4% on low stock and high demandHouse prices in Britain rose by a higher-than-expected 1.4 per cent in November, driven by rising demand and a low number of homes for sale, according to Halifax, the mortgage lender. Source: Latest Business News from Times Online | 8 Dec 2009 | 2:43 am FTSE 100 down 0.49% (AFP)
Source: Yahoo! News: Stock Markets News | 8 Dec 2009 | 2:40 am Stocks and dollar struggle after Bernanke commentsLONDON (Reuters) - Global share markets were becalmed on Tuesday and the dollar struggled after Federal Reserve Chairman Ben Bernanke gave a cautious assessment of the world's biggest economy, driving investors toward government debt.Source: Reuters: Business News | 8 Dec 2009 | 2:38 am U.K. video games retailer Game Group tumblesShares in Game Group fell as much as 15% on Tuesday as the British video-games retailer said popular new titles like “Call of Duty: Modern Warfare 2” weren’t boosting demand more broadly.
Source: MarketWatch.com - Top Stories | 8 Dec 2009 | 2:37 am Video game retailer's shares fallShares in computer games retailer, Game Group, fall sharply after it reports a big decline in sales.Source: BBC News | Business | World Edition | 8 Dec 2009 | 2:36 am UPDATE 1-Wipro says sees growth in Middle East, China* Sees China and Latin America as potential growth marketsSource: RSS feed - channel BNewsBusiness | 8 Dec 2009 | 2:32 am London's retailers under pressureLondon equities continued to weaken on Tuesday, with signs of slower spending on the high street unnerving retail stocks at the height of the peak festive shopping season. Tesco was the FTSE 100's biggest...Source: RSS feed - channel BNPaperBusiness | 8 Dec 2009 | 2:31 am UAE stock markets continue to tumble (AFP)
Source: Yahoo! News: Stock Markets News | 8 Dec 2009 | 2:29 am Job picture improvement seen to start 2010The New Year's resolution for most employers will be to keep staff levels stable during the first quarter of 2010, according to a report released Tuesday.Source: Business and financial news - CNNMoney.com | 8 Dec 2009 | 2:29 am UPDATE 1-Pioneer,Shanghai Auto jv aims for $147 mln in sales* Car navigation jv aims for $147 mln in sales in three yearsSource: RSS feed - channel BNewsBusiness | 8 Dec 2009 | 2:28 am House prices rise for fifth month, says HalifaxHouse prices in Britain rose by a faster-than-expected 1.4pc in November, driven by higher demand and a low level of properties for sale, mortgage lender Halifax said.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Dec 2009 | 2:27 am Thales braced for shake-upLuc Vigneron, the recently appointed head of Thales, will on Friday unveil a restructuring plan for Europe's biggest defence electronics group that is expected to include targets on cost-cutting and performance...Source: RSS feed - channel BNPaperBusiness | 8 Dec 2009 | 2:27 am Tesco sales towards bottom end of forecastsLONDON (Reuters) - Tesco Plc , the world's No.3 retailer, posted quarterly sales growth toward the bottom end of forecasts, held back by lower food price inflation, but said a gradual...Source: RSS feed - channel BNewsBusiness | 8 Dec 2009 | 2:24 am Tesco sales towards bottom end of forecasts (Reuters)Reuters - Tesco Plc , the world's No.3 retailer, posted quarterly sales growth toward the bottom end of forecasts, held back by lower food price inflation, but said a gradual consumer recovery remained on track.Source: Yahoo! News: Business | 8 Dec 2009 | 2:24 am UPDATE 2-Activist funds take TNT stake, said seeking breakupAMSTERDAM, Dec 8 (Reuters) - Investors bought into TNT on Tuesday, trading on prospects the Dutch mail company could be broken up under pressure from two North American activist funds holding a combined...Source: RSS feed - channel BNewsBusiness | 8 Dec 2009 | 2:22 am Natuna LNG development may be delayed - sourcesJAKARTA, Dec 8 (Reuters) - The development of the giant Natuna gas project may be delayed due to uncertainty over terms and conditions, which could affect the selection of partners for the project, two...Source: RSS feed - channel BNewsBusiness | 8 Dec 2009 | 2:20 am David Weidner's Writing on the Wall: We’ve got it good by comparisonIf there's any place among the industrialized Western economies where disappointment and dread outstrip the U.S. gloom, it's in the U.K.
Source: MarketWatch.com - Top Stories | 8 Dec 2009 | 2:19 am Venezuela scandalBank corruption sees resignation of key Chavez aideSource: BBC News | Business | World Edition | 8 Dec 2009 | 2:16 am Emerging Markets Report: Mobius may invest in Dubai if prices fall enoughMark Mobius, the veteran emerging-markets investor, sees opportunities in several markets in the Middle East, including Dubai, where he may consider investing if prices decline to “reasonable” levels.
Source: MarketWatch.com - Top Stories | 8 Dec 2009 | 2:16 am UPDATE 1-Caledon Resources says not to sell co, shares fall* Says to focus on growing Cook mine output * Sees 485,000 tonnes of saleable output from Cook in '09 * Plans base production of 700,000 tonnes in 2010Source: RSS feed - channel BNewsBusiness | 8 Dec 2009 | 2:10 am Dubai World, creditors mull new date for December debtDUBAI (Reuters) - State-controlled Dubai World is discussing a new date with banks for $3.5 billion in debt falling due on December 14, but with no deal yet announced, spooked investors sold Dubai shares down to 21-week lows.Source: Reuters: Business News | 8 Dec 2009 | 2:08 am UPDATE 2-Dubai World, creditors mull new date for Dec debtDUBAI, Dec 8 (Reuters) - State-controlled Dubai World [DBWLD.UL] is discussing a new date with banks for $3.5 billion in debt falling due on Dec. 14, but with no deal yet announced, spooked investors sold...Source: RSS feed - channel BNewsBusiness | 8 Dec 2009 | 2:06 am Fall in food price inflation takes toll on TescoA decline in food price inflation has caused Tesco to lose some of its sales momentum in the UK.The country's biggest supermarket chain published a third-quarter trading update on Tuesday that showed that...Source: RSS feed - channel BNPaperBusiness | 8 Dec 2009 | 2:05 am White-van woes hit NorthgateWhite-van man's declining demand for commercial vehicles is still depressing revenues at Northgate, the van and car rental group said on Tuesday. However, the company said that in spite of falling turnover,...Source: RSS feed - channel BNPaperBusiness | 8 Dec 2009 | 2:02 am Asia stocks slide after Fed warning; Europe tepid (AP)
Source: Yahoo! News: Stock Markets News | 8 Dec 2009 | 1:58 am Asia stocks slide after Fed warning; Europe tepidAsian stock markets fell Tuesday after the Federal Reserve's chief warned the U.S. economy would continue to struggle and Japan unveiled billions in new stimulus spending to prevent a lurchSource: RSS feed - channel BNewsBusiness | 8 Dec 2009 | 1:58 am Dubai: 6 months too short to restructure Dubai WorldDUBAI (Reuters) - Six months would be too short to restructure indebted state-controlled conglomerate Dubai World, the emirate's finance chief said on Tuesday, adding that it has enough...Source: RSS feed - channel BNewsBusiness | 8 Dec 2009 | 1:58 am Game fails to beat 2008 performanceGame Group, the high street computer games retailer, on Tuesday said it was treating the critical Christmas period "cautiously" after seeing continued soft sales for games and tough competition from supermarkets...Source: RSS feed - channel BNPaperBusiness | 8 Dec 2009 | 1:57 am Europe Markets: Miners, telecoms weigh on EuropeEuropean shares edged lower on Tuesday, with miners and telecoms adding pressure, as comments from the Federal Reserve’s chairman raised uncertainty over the prospects for the U.S. economy.
Source: MarketWatch.com - Top Stories | 8 Dec 2009 | 1:57 am Cut the cost of investingInvestors can boost returns by minimising management and advice fees.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Dec 2009 | 1:56 am US envoy to push N Korea nuclear talksBarack Obama’s first envoy to North Korea flies to Pyongyang to try to coax the state back to the nuclear talks it quit a year ago, but without offering any new incentivesSource: Financial Times - US homepage | 8 Dec 2009 | 1:53 am Media Digest 12/8/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: Citigroup (NYSE:C) and the government are in a dispute over TARP re-payments Reuters: Japan release plans for an $81 billion stimulus package. Reuters: Morgan Stanley’s (NYSE:MS) new CEO will shuffle top management. Reuters: The US pay czar will exempt some AIG (NYSE:AIG) employees. Reuters: GM is in talks to sell part of Saab to China-based SAIC. Reuters: The labor market [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Dec 2009 | 1:49 am Stocks stumble as dollar's rally fades08:30 GMT. The dollar's rally fizzled and global stocks stuttered on Tuesday after comments from Ben Bernanke, Fed chairman, served as a counterbalance to the mild euphoria that had followed last week's...Source: RSS feed - channel BNPaperBusiness | 8 Dec 2009 | 1:34 am Tesco sees 'solid' sales growthThe UK's biggest retailer, Tesco, says it saw "solid" sales growth in the third quarter, with UK like-for-like sales up 2.8%.Source: BBC News | Business | World Edition | 8 Dec 2009 | 1:32 am Japan unveils $80bn of direct spending in $274bn stimulus packageJapan announced a huge $274bn (£167bn) stimulus on Tuesday to jump-start a fragile recovery in the world's second largest economy, including more than $80bn in direct spending.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Dec 2009 | 1:25 am Xstrata to writedown $2bn on restructure$Xstrata, the Swiss-based mining company, is to write down almost $2 billion ($£1.2 billion) worth of assets in its nickel business after restructuring the business. Source: Latest Business News from Times Online | 8 Dec 2009 | 1:24 am Asia Markets And Europe Open (12/8/2009)Markets in Asia fell. The Nikkei was off .3% to 10,140. The Hang Seng fell 1.2% to 22,083 HSBC (NYSE:HBC) FELL. The Shanghai Composite was down 1.1% to 3,297. At the open, the FTSE fell .4% to 5,289. The Dax dropped .4% to 5,762. The CAC 40 was off .2% to 3,831. Data from Reuters and MarketWatch. Douglas A. McIntyre Posted in International [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Dec 2009 | 1:21 am Pre-Budget report: Will anyone lift Britain out of the debt crisisGovernment borrowing is at unsustainable levels, but Matthew Elliott is not convinced by plans to get the UK back in the black.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Dec 2009 | 1:07 am Boating firm is battening down the hatchesColonial Yacht Anchorage in Wilmington is trying to weather the downturn that's facing the industry. For the Camello...Source: RSS feed - channel BNPaperBusiness | 8 Dec 2009 | 1:00 am Companies that 'go green' may qualify for tax and utility rebatesEmployees rate which benefits are most important; owner of 300 domain names ready for them to pay off.Dear Karen: I have heard that companies that "go green" are eligible for tax credits. How do I qualify?
Source: L.A. Times - Business | 8 Dec 2009 | 1:00 am Boating firm is battening down the hatchesColonial Yacht Anchorage in Wilmington is trying to weather the downturn that's facing the industry.For the Camello family of San Pedro, the repossessed 40-foot sailboat with its mahogany decks and twin carbon fiber masts has come to symbolize all that has gone wrong with their business and the pleasure-craft industry.
Source: L.A. Times - Business | 8 Dec 2009 | 1:00 am Zhu Zhu Pets are safe, U.S. agency saysThe Consumer Product Safety Commission's statement comes after consumer website GoodGuide said its tests found high antimony levels in one model of the toy hamster.A safety scare involving the holiday season's hottest toy cooled off Monday after federal safety regulators quickly put to rest claims that one model of the bestselling Zhu Zhu Pets contained toxic levels of the element antimony.
Source: L.A. Times - Business | 8 Dec 2009 | 1:00 am Improved TARP forecast could mean $200 billion to help create jobsAs banks recover and repay some of the bailout money, the government is looking to use those billions for federal jobs programs.President Obama is looking to use bailout money that banks are returning to the government to help tackle two of the nation's biggest problems -- unemployment and the budget deficit.
Source: L.A. Times - Business | 8 Dec 2009 | 1:00 am Univision to open its own TV production studioThe launch of Univision Studios is a sign that the Spanish-language broadcaster wants to lessen its reliance on Mexico's Grupo Televisa for popular shows including telenovelas.Spanish-language TV giant Univision Communications said Monday that it was creating an in-house production unit -- a move that reflects consumers' changing viewing habits and a sign that the company no longer wants to rely as heavily on its longtime partner in Mexico for its most popular shows.
Source: L.A. Times - Business | 8 Dec 2009 | 1:00 am Pimco to branch into actively managed stock fundsThe move could help the Newport Beach bond fund giant compete if the economy continues to recover. The firm also has hired former bank bailout chief Neel Kashkari to head 'new investment initiatives.'Bond mutual fund titan Pimco is jumping the fence -- into stock picking.
Source: L.A. Times - Business | 8 Dec 2009 | 1:00 am Why Chrysler ads star Burmese dissident Aung San Suu KyiAs a brand, there is nothing worthwhile left of Chrysler. Why not begin to remake it in the image of what it will become -- globalized, sophisticated, European -- instead of what it was?The newest star of a Chrysler ad couldn't get arrested in this town.
Source: L.A. Times - Business | 8 Dec 2009 | 1:00 am Study: Toyota received most complaints about sudden accelerationToyota was the target of 41% of all consumer complaints about the problem in 2008 cars, according to Consumer Reports. Ford received 28% of complaints.Toyota Motor Corp. registered far more complaints about sudden acceleration in its 2008 model-year vehicles than any other automaker, a new study has found.
Source: L.A. Times - Business | 8 Dec 2009 | 1:00 am SEC sues 3 former officers of Irvine subprime lender New Century FinancialRegulators accuse the three of manipulating numbers and concealing negative information from shareholders as the company collapsed into bankruptcy.Almost three years after New Century Financial Corp. collapsed in the first phase of the mortgage meltdown, three former executives of the Irvine company were accused by regulators Monday of misleading investors as its subprime loan business came unglued.
Source: L.A. Times - Business | 8 Dec 2009 | 1:00 am NBC Universal deal gives Comcast an angle on newsThe cable giant would inherit some top news organizations, but running them is unfamiliar turf.When Comcast Corp. assumes control of NBC Universal, the company will inherit a portfolio of news organizations, including a top-shelf network news division that dominates the competition. Powered by the "Today" show in the morning and "NBC Nightly News" in the evening, NBC News is one of the few bright spots at the broadcast network.
Source: L.A. Times - Business | 8 Dec 2009 | 1:00 am Peet's Coffee & Tea bows out of bidding for Diedrich CoffeePeet's decision not to raise its offer leaves Green Mountain Coffee Roasters the apparent winner of the takeover battle. Green Mountain had offered $290 million for Diedrich. ...Source: RSS feed - channel BNPaperBusiness | 8 Dec 2009 | 1:00 am Improved TARP forecast could mean $200 billion to help create jobsAs banks recover and repay some of the bailout money, the government is looking to use those billions for federal jobs programs. ...Source: RSS feed - channel BNPaperBusiness | 8 Dec 2009 | 1:00 am Pimco to branch into actively managed stock fundsThe move could help the Newport Beach bond fund giant compete if the economy continues to recover. The firm also has hired former bank bailout chief Neel Kashkari to head 'new investment initiatives.'...Source: RSS feed - channel BNPaperBusiness | 8 Dec 2009 | 1:00 am Aussie stocks suffer slight dipMELBOURNE - The Australian share market closed marginally weaker amid relatively quiet trading, with financial stocks slipping into the red on the prospect of higher interest rates pushing up bad debts.At 1615 AEDT, the benchmark...Source: nzherald.co.nz - Business | 8 Dec 2009 | 12:57 am Questor: Shanks investors should holdQuestor says investors with Shanks shares - up 38.4p at 128½p - should hold until the current bid situation at the well placed water recycler is resolved.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Dec 2009 | 12:53 am Tesco sales rise weaker than expectedTesco, the world's third-biggest retailer, posted higher quarterly sales as overseas expansion bolstered steady growth in Britain but the performance was weaker than analysts had expected.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Dec 2009 | 12:43 am Tesco reveals lacklustre 2.8% UK sales riseTesco today revealed UK sales broadly in line with expectations as Britain's largest supermarket group battles with stagnant food price inflation. Source: Latest Business News from Times Online | 8 Dec 2009 | 12:33 am Asian market slide on Bernanke warningAsian stock markets fell on Tuesday after the Federal Reserve's chief warned the US economy would continue to struggle and Japan unveiled billions in new stimulus spending to prevent a lurch back into recession.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Dec 2009 | 12:14 am What happens when Google stops tracking your website? OneNewsPage tells its storyWhen the owners of website OneNewsPage.com discovered that it was no longer being tracked by search engine Google, they set about rebuilding their online presence. Neil Boom, the company's PR director, explains how.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Dec 2009 | 12:14 am Dubai and Abu Dhabi stock markets fallThe Dubai stock market fell 5.41pc in early trading on Tuesday while Abu Dhabi's exchange posted a 1.13 percent decrease, continuing Monday's trend of declines in both bourses.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Dec 2009 | 12:04 am Market weakens but NZX up 22cSharemarket operator NZX outperformed a weak market for a second consecutive day after clearly signalling dividend payment plans and a share split.NZX rose 22c, or 2.65 percent, to 853, after rising 41c yesterday. The stock has...Source: nzherald.co.nz - Business | 7 Dec 2009 | 11:33 pm Beijing looks to real estate as growth driverChina’s leadership is unlikely to take big steps next year to rein in the nation’s booming property market, an analyst says.
Source: MarketWatch.com - Top Stories | 7 Dec 2009 | 11:23 pm Currencies: Dollar falls in Asia; traders mull rate prospectsThe U.S. dollar trades modestly weaker against most major currency rivals as traders continued to mull the likelihood of a rate hike by the U.S. Federal Reserve.
Source: MarketWatch.com - Top Stories | 7 Dec 2009 | 11:18 pm Does ethical investing pay?Is green investing more than just a gimmick, or is it really possible to make a profit while keeping a clear conscience too?Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Dec 2009 | 11:15 pm GM in talks on partial Saab sale to BAIC: sourcesNEW YORK/DETROIT (Reuters) - General Motors Co is talking to BAIC, China's fifth largest car maker, about a partial sale of assets associated with its Saab brand, including tooling and technology, two people with direct knowledge of the discussions said.Source: Reuters: Business News | 7 Dec 2009 | 10:54 pm Dollar steady ahead of monetary policy statementThe New Zealand dollar consolidated in its domestic session today after rising off lows on Monday night.The US dollar came under pressure after a dovish speech by US Federal Reserve chairman Ben Bernanke. Share markets faltered.The...Source: nzherald.co.nz - Business | 7 Dec 2009 | 10:49 pm Jonathan Burton's Life Savings: Five questions for your money adviserTo know if the people you are handing money to are putting your interests first, here are five fundamental questions to ask and answers -- preferably in writing -- to expect:
Source: MarketWatch.com - Top Stories | 7 Dec 2009 | 10:39 pm Japan unveils $80.6bn stimulus planJapan’s ruling coalition government is set to agree on a Y7,200bn stimulus package after a tiny coalition partner backed down from its call for larger spending to bolster the economySource: Financial Times - US homepage | 7 Dec 2009 | 10:33 pm Gorman to shuffle Morgan Stanley top management: report(Reuters) - James Gorman, who takes over as Morgan Stanley's chief executive on January 1, plans to put finance chief Colm Kelleher and banker Paul Taubman in charge of the company's institutional securities unit, the Wall Street Journal reported citing a person familiar with the situation.Source: Reuters: Business News | 7 Dec 2009 | 10:31 pm U.S. pay czar to exempt some AIG execs from salary cap: report (Reuters)Reuters - Kenneth Feinberg, the Obama administration's pay czar, will exempt some executives at American International Group from a $500,000 salary cap after at least five employees threatened to quit, Bloomberg reported citing people familiar with the matter.Source: Yahoo! News: Business | 7 Dec 2009 | 10:27 pm U.S. pay czar to exempt some AIG execs from salary cap: report(Reuters) - Kenneth Feinberg, the Obama administration's pay czar, will exempt some executives at American International Group from a $500,000 salary cap after at least five employees threatened to quit, Bloomberg reported citing people familiar with the matter.Source: Reuters: Business News | 7 Dec 2009 | 10:27 pm Asia job outlook improves, U.S. recovery muted: pollNEW YORK (Reuters) - A forward-looking measure of hiring intentions improved in the United States and most other countries, suggesting job growth may resume in the first quarter, according to a quarterly survey by Manpower Inc.Source: Reuters: Business News | 7 Dec 2009 | 10:14 pm Paul B. Farrell: FlashForward: What Obama's sellout costs usWhat does the new mosaic mean for the future of the world, our nation’s tomorrow, for you, your family?
Source: MarketWatch.com - Top Stories | 7 Dec 2009 | 10:01 pm In Harmony With TechnologyInterview with Nick Thakore, manager of the Putnam Voyager fund.
Source: SmartMoney.com | 7 Dec 2009 | 10:00 pm 3 Stocks That Have Recently Soared (Screens)Hough: The rally has slowed, but these shares are heating up.
Source: SmartMoney.com | 7 Dec 2009 | 10:00 pm Meet Your Credit-Card ConciergeGot plastic? You may have a personal assistant too.
Source: SmartMoney.com | 7 Dec 2009 | 10:00 pm Want Free Delivery? Send It to the Store (Deal of the Day)Ship-to-store services can erase shipping charges but have other costs.
Source: SmartMoney.com | 7 Dec 2009 | 10:00 pm Allied Farmers shareholders approve Hanover planAllied Farmers shareholders have today voted in favour of a plan to buy the assets of failed finance company Hanover.The company said two resolutions were passed at a special meeting today in Hawera. The hurdle for approval was...Source: nzherald.co.nz - Business | 7 Dec 2009 | 8:30 pm Manufacturing slump continuesTotal manufacturing activity fell 1.4 per cent in the September 2009 quarter, Statistics New Zealand said today. However, excluding meat and dairy product manufacturing, volumes rose 1 per cent. "This rise, the first in seven...Source: nzherald.co.nz - Business | 7 Dec 2009 | 8:15 pm Japan injects further £50 billion into economyJapan’s cabinet has agreed to inject another Y7.2 trillion (£50 billion) of stimulus cash into its economy as employment conditions remain miserable and deflation hits corporate profits. Source: Latest Business News from Times Online | 7 Dec 2009 | 8:03 pm Bigger busts behind new Bendon braAs average bust sizes grow larger around the world, Auckland-based Bendon is launching a new label intended to be the "world's first larger cup size bra with a focus on fashion, not simply function".The launch of DimitySO was...Source: nzherald.co.nz - Business | 7 Dec 2009 | 8:01 pm Robot hamsters not dangerous, say safety officialsUS toy safety regulators have said Monday that Zhu Zhu Pets robotic hamsters - one of the holiday season's hottest toy crazes - do not violate federal safety standards after all.A spokesman for the US Consumer Product Safety Commission...Source: nzherald.co.nz - Business | 7 Dec 2009 | 8:00 pm Gorman begins Morgan Stanley reshuffleMorgan Stanley’s James Gorman, takes over next month as chief executive, is close to unveiling management changes that include shifting the bank’s finance chief to co-head its flagship securities businessSource: Financial Times - US homepage | 7 Dec 2009 | 6:49 pm Kashkari’s move to Pimco is fuel for criticsNeel Kashkari, who ran the US government’s $700bn troubled asset relief programme during the Bush administration, has joined Pimco, the asset manager specialising in bonds. The move is likely to provoke criticism of the “revolving door” between government and the financial sector.Source: Financial Times - US homepage | 7 Dec 2009 | 5:57 pm Bernanke says economy improvingWASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Monday said the U.S. economy's recovery remained fragile and unemployment may be high for some time, cooling anticipation of an early increase in U.S. interest rates.Source: Reuters: Business News | 7 Dec 2009 | 5:39 pm Bernanke says economy improving (Reuters)
Source: Yahoo! News: Business | 7 Dec 2009 | 5:31 pm Emissions ruling adds to US firepowerPresident Barack Obama has been armed with new ammunition for the Copenhagen summit on climate change following a decision by the Environmental Protection Agency authorising a crackdown on greenhouse-gas emissions.Source: Financial Times - US homepage | 7 Dec 2009 | 5:26 pm SEC accuses 3 ex-New Century execs of fraud (AP)AP - Federal regulators on Monday accused three former top executives of collapsed mortgage lender New Century Financial Corp. of fraud, saying they misled investors and inflated profits as the company's subprime loan business was failing in 2006.Source: Yahoo! News: Stock Markets News | 7 Dec 2009 | 5:26 pm SEC accuses 3 ex-New Century execs of fraud (AP)AP - Federal regulators on Monday accused three former top executives of collapsed mortgage lender New Century Financial Corp. of fraud, saying they misled investors and inflated profits as the company's subprime loan business was failing in 2006.Source: Yahoo! News: Business | 7 Dec 2009 | 5:26 pm Lustgarten on Industrials, Havens-Hasty on M&A: AudioSource: Bloomberg - All Podcasts | 7 Dec 2009 | 5:19 pm 'Sometimes I think, was it real?' The American bailout nightmareThe architect of America's banking bailout has revealed for the first time the chaos behind the scenes at the US Treasury during the creation of the controversial $700 billion ($£425 billion) Troubled Asset Relief Program (Tarp). Source: Latest Business News from Times Online | 7 Dec 2009 | 5:01 pm Heathrow’s third runway passes the carbon testClimate change advisers have decided that an extensive building programme at Heathrow — including the construction of a third runway — can proceed without jeopardising the Government’s carbon emissions targets. Source: Latest Business News from Times Online | 7 Dec 2009 | 5:01 pm Regulator warns energy companies over pricesBritain’s big six energy companies should cut their gas and electricity prices next year and should not use the need to invest in low-carbon energy sources as an excuse to overcharge customers, Ofgem, the energy regulator, said yesterday. Source: Latest Business News from Times Online | 7 Dec 2009 | 5:01 pm Darling asks foreign banks to help UK firmsAlistair Darling, the Chancellor, and Lord Mandelson, the Business Secretary, yesterday held a meeting at Number 11 Downing Street to ask the bosses of American and European banks with big City operations, including Goldman Sachs and Morgan Stanley, to contribute millions of pounds to a new government-backed fund that will lend to Britain’s small businesses. Source: Latest Business News from Times Online | 7 Dec 2009 | 5:01 pm BHP-Rio venture is taking a long time to get off the groundBHP Billiton’s abortive bid for Rio Tinto was a drawn-out affair, but the follow-on deal agreed in its wake — a $100 billion iron ore joint venture $— is moving no quicker. Source: Latest Business News from Times Online | 7 Dec 2009 | 5:01 pm P2P pirate told: Pay up and trash your filesBOSTON - A graduate student who must pay four record labels a combined $675,000 (NZ$943,000) in damages for downloading and sharing songs online has been ordered to destroy his illegal music files - but a judge declined to...Source: nzherald.co.nz - Business | 7 Dec 2009 | 5:00 pm Job scene set to brighten next yearJob seekers can look forward to more opportunities in the New Year, according to the latest Manpower Employment Outlook Survey.The survey indicates that employers in all industry sectors and all regions are reporting a more upbeat...Source: nzherald.co.nz - Business | 7 Dec 2009 | 5:00 pm Petraeus warns over Iraq and Afghan parallelParallels between Iraq and Afghanistan – let alone Vietnam – are highly misleading, according to David Petraeus, the general overseeing President Obama’s troop escalation in AfghanistanSource: Financial Times - US homepage | 7 Dec 2009 | 4:31 pm Top banks urged to help small businessesTop UK investment banks are being lobbied by the government to contribute tens of millions of pounds to a new lending initiative for credit-starved small businesses as tension rises over a proposed ‘supertax’ on bank bonusesSource: Financial Times - US homepage | 7 Dec 2009 | 4:31 pm House building plummets 40pc in two yearsThe amount of residential building work put in place has fallen by almost 40 per cent since the most recent peak two years ago, Statistics New Zealand said today. The volume of residential building work put in place fell a further...Source: nzherald.co.nz - Business | 7 Dec 2009 | 4:30 pm SEC charges ex-N.Century execs in subprime case (Reuters)
Source: Yahoo! News: Business | 7 Dec 2009 | 4:21 pm SEC charges ex-N.Century execs in subprime case (Reuters)
Source: Yahoo! News: Stock Markets News | 7 Dec 2009 | 4:21 pm Podcast: The Folly Of Economic Forecasts
Can economists really predict the future? (Bob Jagendorf/Flickr) On today's Planet Money: As the old joke goes, an economist and two dollars will get you a nice cup of coffee. Russ Roberts, George Mason University economist and host of EconTalk, explains why he thinks is economics is an imperfect science. Roberts says he has come to believe it's impossible to predict future economic conditions because good data is so hard to come by and even harder to compare. So what about all his fellow economists who seem to have an opinion on almost any topic? Roberts says they should come out and tell the truth -- that their policy recommendations are based on philosophy and ideology, not on empirical data. BONUS LISTENING: Adam explains why the administration changed its cost estimate for the TARP. Download the podcast; or subscribe. Music: Crooked Fingers' "Your Control." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 7 Dec 2009 | 4:08 pm How the major stock indexes fared on Monday (AP)AP - Stocks ended little changed Monday, having given back a brief afternoon gain that followed comments from Federal Reserve Chairman Ben Bernanke.Source: Yahoo! News: Stock Markets News | 7 Dec 2009 | 4:05 pm Pep Boys posts profit on higher revenue (AP)AP - Auto parts retailer Pep Boys posted a third-quarter profit on Monday and sales higher than a year earlier thanks to an increase in service work.Source: Yahoo! News: Business | 7 Dec 2009 | 4:03 pm Write-Offs: 12.07.09$$$ Financial News' Rising Stars list includes a 22 year-old Goldman employee. [FN via Heidi Moore] $$$ Confessions of a Corporate Spy [Details] $$$ Wall Street Bars [BI] $$$ Bankers Now Taking Jobs Away From Old People, High-School Students [Daily Intel] 
 Source: Dealbreaker | 7 Dec 2009 | 3:48 pm Early stock gains from Bernanke comments evaporate (AP)
Source: Yahoo! News: Business | 7 Dec 2009 | 3:46 pm Early stock gains from Bernanke comments evaporate (AP)
Source: Yahoo! News: Stock Markets News | 7 Dec 2009 | 3:46 pm MetLife, Discover Financial are big movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:Source: Yahoo! News: Stock Markets News | 7 Dec 2009 | 3:39 pm Congratulations, CFA CandidatesNot because you think you passed (you probably didn't?), but because it's over and you don't have to think about this thing again for a few months, at which time you'll receive your results and either a) slit your wrists or b) decide to give up another million hours of your life for the next level, all in the pursuit of adding three little debatably valuable letters to your b-card (when you should really just add SMD and be done with it). Here's freak-out boy's recap of the day: I took it in Boston, and let me tell you, it was rough. It all started with the setting: The Boston Convention Center, where a decent cup of coffee has never been heard of. There was a whole lot of people that had been up all night, obvi carrying formula sheets and what not. Everyone seemed to be in good spirits after the first half, except for the twitchy kid that sat next to me. I am pretty sure he was licking meth off pieces of tinfoil the whole time.
Source: Dealbreaker | 7 Dec 2009 | 3:38 pm Google rolls out real-time searchRead full story for latest details.Source: Business and financial news - CNNMoney.com | 7 Dec 2009 | 3:28 pm Ending Coffee Buyout Wars (DDRX, GMCR, PEET)It seems that the saga over the coffee buyout war is ending as it pertains to Diedrich Coffee, Inc. (NASDAQ: DDRX). Peet’s Coffee & Tea, Inc. (NASDAQ: PEET) was set to respond by today with an answer over what it planned to do in response to the Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) bid [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Dec 2009 | 3:21 pm Citigroup And Government Not Seeing Eye To Eye On TARP Repayment
The disagreements are related to last week's announcement by the Treasury Department that Bank of America Corp. won approval to repay its $45 billion in federal aid. The Charlotte, N.C., bank sold about $19 billion in common stock late Thursday as part of its repayment strategy.
Source: Dealbreaker | 7 Dec 2009 | 3:13 pm SEC probing high-frequency strategies (Reuters)
Source: Yahoo! News: Stock Markets News | 7 Dec 2009 | 3:11 pm Wieting Says U.S. Unemployment to Peak at 10.5%: AudioSource: Bloomberg - All Podcasts | 7 Dec 2009 | 2:38 pm Presented By:Source: Dealbreaker | 7 Dec 2009 | 2:37 pm Danielle Chiesi: The College YearsAs previously mentioned, one of the unforeseen consequences of the Galleon insider trading bust was credibility taking a hit. Specifically that of the individuals who'd told their friends and colleagues that Danielle Chiesi was a dime piece, and who were slightly dismayed to see the picture of her from a Bridget Nielsen (Flavor Flav Years) look-a-like contest. Luckily, they were saved when Bloomberg reported Danielle Chiesi was in fact named Miss Southern Tier Teenager in 1981, with the photo of DC in a tiara following shortly thereafter to prove it. Today another pic has emerged, from the sorority files.
Source: Dealbreaker | 7 Dec 2009 | 2:37 pm New ETF Tracks Federal Stimulus Securities: AudioSource: Bloomberg - All Podcasts | 7 Dec 2009 | 2:36 pm Health Management Raised to `Outperform' at Wells Fargo: AudioSource: Bloomberg - All Podcasts | 7 Dec 2009 | 2:33 pm Citizens lay down law on U.S. debtWhen it comes to managing the country's purse strings, Washington gets a failing grade from several groups of citizens and experts across the country.Source: Business and financial news - CNNMoney.com | 7 Dec 2009 | 2:32 pm Bernanke sees slow jobs growthAn upbeat Ben Bernanke dampened market speculation that Friday’s much stronger-than-expected jobs report could lead to a rapid recalibration of Federal Reserve policySource: Financial Times - US homepage | 7 Dec 2009 | 2:19 pm 52-Week High Club (CI, AMD, ASIA, TRA)CIGNA Corporation (NYSE: CI) rose over 5% to a yearly high of $33.84 after Goldman Sachs said that managed-care providers are cheap and that the danger posed to the category by health-care reform has been overestimated. Advance Micro Devices (NYSE: AMD) rose over 9.5% to a yearly high of $8.61 after the personal computer maker was [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Dec 2009 | 2:11 pm 25 Most Promising New Products for 20102010 is a promising year for products in general. Eco-innovations will help conserve energy, while futuristic concepts like commercial space travel and console-free gaming will finally come to fruition. We reviewed pages of 2010 products to bring you the most functional, promising, and novel of the batch. If you’re tired of waiting for flying cars and voice-controlled sunglasses, this just might be your year. 25. nPower Personal Energy Generator
The PEG harvests one of the biggest energy hogs on earth–you. Place the little device into your bag or briefcase, plug in your cell phone, GPS, or iPod, and let your kinetic energy power up your gadgets while you walk. You can get an 80% charge in one hour through your own energy alone. Green and brilliant. 24. Flying Car: Terrafugia
Even though we’re well into the 2000s, nobody has come up with a Jetsons-style flying car. Until now. The Terrafugia Transition is more of a driving plane than a flying car, but it’s a promising first step. The world’s first street legal plane hits runways and highways in 2010. 23. Sony 3D-360 Hologram
No glasses needed! Just turn on your tabletop unit and enjoy a 360-degree view of images and possibly video through this stereoscopic display. Sony isn’t yet sure what to use it for, but ads, video games, and medical visualizations are just a few ideas. 22. Xeros Waterless Washing Machine
The waterless washing machine isn’t as sexy as some of the other gadgets arriving in 2010, but its conservation qualities should be applauded. It uses nylon beads and a spin cycle to clean your clothes, saving water while potentially reducing the need for dryers. 21. Recompute: The Cardboard Computer
Cardboard is the new black. Legions of product made primarily of corrugated cardboard are hitting the market. This little beauty will benefit anyone who has ever broken that little sticker while changing out a sound card or adding memory to a CPU. 20. Powermat Wireless Battery Charger
If you’re tired of carrying around one charger per electronic toy, you’re in luck. The Powermat lets you charge your iPhone, Blackberry, Nintendo DS, and most other gadgets on the same mat. One mat, one plug. 19. Samsung Water-Powered Battery
Sure, one mat, one plug is cool. But what if you didn’t have to plug in at all? Samsung is speeding past the AC plug, around the solar charger, and directly into the water faucet. Its new micro-fuel cell and genereator rpowers your cell phone through water alone. Jury’s still out on whether it will work long-term. 18. Camaro: Tranformers Edition
Love muscle cars? Have you seen Transformers more times than all your nieces and nephews? 17. Apple Tablet
It has always been tough to determine what Apple will put out in the next year. But this time, the anecdotal evidence seems to add up. It’s safe to say you will see a touchscreen-based tablet Apple product that will both fight with Kindle for books and netbook manufacturers for small computing. 16. The Honda Bicycle Simulator
As part of a universal quest to replicate outdoor activities without actually going outside, Honda has unveiled a new kind of bicycle. It doesn’t actually go anywhere, but it does simulate real-life situations riders may face on the way to work or the store. Think of it as defensive driving for bicyclists. 15. Panasonic 50-inch 3D 1080p Plasma TV
Have you noticed the slew of new movies coming out in 3D? This new kind of TV could be the reason. Once you spring for specialized glasses, a new Blu-ray player, and a bunch of 3-D DVDs, you’ll be ready for this TV. 14. Gibbs Quadski
Here’s the scene. 007 is in the middle of an ATV chase, 4-wheelers spewing mud all around him as he speeds toward the sea. He looks like he’s done for. Then, suddenly, he plows into the ocean and hits a button. The wheels on his ATV fold as he speeds away, spraying water on the bad guys. This ATV/Jetski can be yours next year, in the form of the Quadski. Bad guys not included. 13. Space Elevator
You can’t actually buy one of these, but you might be able to help build one and then own it. The Space Elevator, formerly the stuff of science fiction, will become reality in 2010, when building teams will compete for cash–and bragging rights–to actually get it done. 12. 2010 Brabus Mercedes-Benz Viano Lounge
Tilt back in your leather lounge chair. Turn on the Sat TV. Load your Nespresso machine with the finest coffee beans in the world, then take a photo of it all with your iPhone. Load the photo and to your Twitpic from the on-board Sony Vaio laptop. Did I mention that you can do all this while cruising down the interstate at 80 mph? Classy. 11. Plasma Scalpel
Touted as a lightsaber for military doctors, the new plasma scalpel works by using ionized gas in a controlled light beam. This simultaneously slices and cauterizes a wound on the battlefield. Coming in 2010 to a war zone near you. Here’s to hoping you never see one! 10. Touch Wood
There’s only one thing cooler than corrugated cardboard in technology. Its name is wood. The Japanese are leading a trend called Mori Girl (Forest girl), which aims to limit the use of plastic by using sustainable wood instead. 9. V12 Dual-Touchscreen Notebook
Canova 2.0 is working with an undisclosed US manufacturer to change the screen game. The new dual-LCD screen laptop could take the form of big iPhone-style touchscreens or, if they’re working with a different company (they won’t say who it is), simply one of the neatest laptops ever to hit markets. 8. OnLive
OnLive is simple: Play the hottest video games from your TV, PC or Mac over a broadband connection. No console, no discs. Some very smart people are predicting that OnLive might be the “console killer.” That may be stretching it, but the technology seen at E3 is hard to argue with. 7. MyKey by Ford
Teens have a propensity for unsafe driving. That’s hardly news, but what parents can now do to encourage safe driving is. The MyKey can be set to control the vehicle by limiting speed, chiming when the gas tank is 75 miles from empty, and limiting the car’s audio by as much as 44%. Kids will hate it. That’s probably why it’s such a good thing. 6. Tri-Specs
You have your phone, your iPod, your headphones, and your wi-fi headset, in case you get a call. You have your sunglasses. You’re ready to go–or are you? What if you could pull on your shades and have all of the above, in one cool package? Enter Tri-Specs. They come built-in Bluetooth wireless headphones for an MP3 Player or cell phone, retractable earbuds, built-in volume control, and even voice control. For $200, you can be the coolest kid on the block. 5. Microsoft Xbox360 Project Natal
Now that Microsoft did the wireless controller right, they’re throwing it out the virtual Window in favor of Project Natal. Rumored to be coming at one of next year’s conferences, PN will have no controller or wires connecting you with the screen. We’ll see if it works. 4. Google Wave
Google has a way of inventing things that people do not know they need until they understand the product. Its latest such creation is Google Wave. It’s not email. It’s not chat. Rather, a Wave is a document that acts like a conversation, live and changeable on the fly. Rich media drives the experience. But you won’t really know how much you need it until Google actually gives it to you. 3. The KS810 Keyboard Scan
This keyboard with a fully-integrated scanner takes product hybridization one step further. The KS810 keyboard contains a full-color, 600dpi scanner that lets you drop scans into most online applications. If keyboard scanning isn’t your thing, product creator Lifeworks is also offering a keyboard with a built-in iPod dock. 2. Corrugated Cardboard Laptop Case
If you’re sick and tired of those cool-looking black leather laptop cases, rejoice! Giles Miller has designed a customizable cardboard box for that perfectly fits your little Netbook. You can even put your own logo on it. Take that, Targus. 1. Gocycle Electric Bicycle
Coast in electric mode for up to 20 miles in this little sucker, then fold it up and take it with you. Of course, you might want to pedal every now and then, just to make it look like you’re making an effort.
Source: Business Pundit | 7 Dec 2009 | 1:46 pm Mortgage execs face fraud chargesRead full story for latest details.Source: Business and financial news - CNNMoney.com | 7 Dec 2009 | 1:14 pm Dear Paulson, Citadel, SAC Capital, Tudor, Bridgewater Investors (Et Al)
Citadel Kensington Global Strategies Fund Ltd.:
Source: Dealbreaker | 7 Dec 2009 | 1:13 pm Consumer Debt Falls AgainBy Daniel Costello U.S. consumers' outstanding credit debt fell for the ninth month in a row in October, but the decline was lower than it has been in most previous periods this year, the Federal Reserve said Monday. Outstanding balances of consumer credit fell by $3.51 billion, or 1.7% annualized, in October to $2.482 trillion. Revolving credit - mostly credit cards - fell by $6.95 billion, or 9.3% annualized, to $888.1 billion. Nonrevolving credit, such as auto loans or student loans, rose by $3.44 billion, or 2.6%, to $1.595 trillion. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 7 Dec 2009 | 1:08 pm Boom time for books about the recessionFirst came the recession. Now come the books about the roots of the recession.Source: Business and financial news - CNNMoney.com | 7 Dec 2009 | 12:55 pm Bernanke: Fed will make profit on bailoutFederal Reserve chairman Ben Bernanke said Monday he's confident the Federal Reserve will make money on the trillions it has pumped into the economy since the start of 2008.Source: Business and financial news - CNNMoney.com | 7 Dec 2009 | 12:44 pm Research in Motion sets sights on ChinaPush to market BlackBerry smartphones in China with two new distribution deals in the largest mobile market by subscribersSource: Financial Times - US homepage | 7 Dec 2009 | 12:24 pm Holiday Shopping Activity Falling ApartMost data on holiday shopping activity show that e-commerce spending is up 4% to 5% compared to last year. Store-based sales are flat based on most industry information. America’s Research Group believes that the numbers showing positive, or at least moderate sales are flawed. In its new study with UBS, the polling firm reports that “Of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Dec 2009 | 11:59 am Big Ben Talks Down The DollarFriday’s surprisingly strong job report sent the dollar soaring (NYSE: FXE, FXB, FXA, FXY). Skittish currency traders got the impression that the improvement in the job market might prompt the Fed to raise interest rates earlier than expected. This prompted a nearly 5% decline in the price of gold (NYSE: GLD), as well as a [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Dec 2009 | 11:48 am Japanese ready for new C02 economyOne country the rest of the world might look to for lessons on carbon control is Japan. When you look at emissions per GDP, Japan is the most energy-efficient country on the planet. Rob Schmitz reports.Source: Marketplace | 7 Dec 2009 | 11:20 am Is space tourism close to taking off?If you've got the money, Sir Richard Branson has the spacecraft to rocket you into space. The long-awaited SpaceShipTwo has finally been unveiled. Bob Moon reports.Source: Marketplace | 7 Dec 2009 | 11:20 am Why is Apple jumping into Lala land?Apple is buying music content provider Lala. CNET.com's Erica Ogg talks with Kai Ryssdal about some of the possible reasons why Apple is buying the company.Source: Marketplace | 7 Dec 2009 | 11:20 am Tips on self-control for the holidaysWith gifts to buy and holiday parties to attend, December is a tough month to take control of your impulses. Behavioral economist Dan Ariely talks with Kai Ryssdal on how to counteract problematic impulses.Source: Marketplace | 7 Dec 2009 | 11:20 am Big brands seek to lure customers backWhen the economy was collapsing, grocery stores and pharmacies lured shoppers with lower-priced brands. But as the economy recovers, big household goods companies need a way to get their business back. Alisa Roth reports.Source: Marketplace | 7 Dec 2009 | 11:20 am EPA: Greenhouse gases a health threatWorld leaders have criticized the U.S. for failing to pass a law cutting greenhouse gas emissions. But the EPA is giving President Obama at least something to point to. Sarah Gardner reports.Source: Marketplace | 7 Dec 2009 | 11:20 am Local banks hold onto taxpayer moneyWith all this talk of redirecting the bank-bailout program, plenty of regional banks aren't ready to pay that money back. Amy Scott reports.Source: Marketplace | 7 Dec 2009 | 11:20 am The British Future Not Something British People Want To Think AboutWhen I landed at Heathrow this morning, I had no idea that I was stepping into a country hurtling towards irrelevance. But if you're looking for the economic future, it apparently isn't here. According to a new report, the British economy will be hardly worth talking about in a few years. Four years ago, Britannia had the fourth-largest economy in the world. But the Chinese, French and Italians (!) have surpassed it since then, and the country is set to drop out of the biggest top 10 list in business by 2015. Coming on hard already are Brazil and Russia, which are likely to surpass old Albion in the next couple of years. But mark 2015 as the year the empire strikes back, as India and Canada are poised to take their place in the top 10, and the U.K. in the not top 10.
Source: Dealbreaker | 7 Dec 2009 | 11:15 am Deutsche Bank's Parker Sees Carbon Prices Soaring: AudioSource: Bloomberg - All Podcasts | 7 Dec 2009 | 11:10 am RBS's Ruskin Sees No Significant Gain in U.S. Dollar: AudioSource: Bloomberg - All Podcasts | 7 Dec 2009 | 11:00 am PIMCO Hires Neel Kashkari
December 7, 2009
Source: Dealbreaker | 7 Dec 2009 | 10:44 am Dick Bove's bold bank callIf you missed the rally in bank stocks this year, longtime analyst Dick Bove says not to worry. He predicts that large banks' shares will double by the end of next year.Source: Business and financial news - CNNMoney.com | 7 Dec 2009 | 10:39 am High Unemployment Means Stiff Competition for Seasonal Retail Jobs
When you holiday shop this year, a highly educated professional might help you wrap your order. So many people are out of work that demand for holiday season retail jobs has spiked. From Yahoo News: (A) record 5.9 million Americans…have been jobless for at least six months. Now…out-of-work professionals and managers, engineers and teachers who have turned, in desperation, to holiday-season jobs as sales clerks. Retailers report a surge in applications this year from professionals who had never applied for such jobs before. In a bleak labor market, holiday-season hiring has meant at least a respite for many long-term unemployed. Not that it’s easy to land even these jobs. Most retailers have cut back. And overall in the economy, six applicants, on average, are competing for each opening — compared with just 1.7 workers per opening when the recession began in December 2007. The trend illustrates the despair of unemployed people with professional backgrounds who face a pitiless job market, said John Lonski, chief economist of Moody’s Capital Markets Research Group. Even though the economy has begun growing again, employers aren’t confident enough in the recovery or their own businesses to step up hiring. That helps explain why shoppers who phone customer service at online retailer Moosejaw Mountaineering get Scott Beebe, a trained engineer with two postgraduate degrees and eight years of experience in product development for General Motors. This story highlights two facets of the recession. One, although it may be a stretch to call it a white-collar recession, many white-collar workers and service professionals are hitting the unemployment lines. Secondly, as Jody Greenstone Miller noted in this WSJ article, temp jobs may become the new norm. Most holiday retail jobs are by nature temporary, but the fact that qualified white-collar professionals are willing to take them suggests that in times of scarcity, even a temp job is a good job. Combine that attitude with the fact that more and more companies want to beef up the amount of temps they hire, and you have a future where long-term becomes as rare as temp was in the past.
Source: Business Pundit | 7 Dec 2009 | 10:36 am PNC's Hoffman Sees U.S. 10-Year Yield Near 4% in Spring: AudioSource: Bloomberg - All Podcasts | 7 Dec 2009 | 10:36 am Second Curve's Brown Sees `Tremendous Upside' to Synovus: AudioSource: Bloomberg - All Podcasts | 7 Dec 2009 | 10:35 am Levitt Says Bonuses Will Reignite Populist Sentiment: AudioSource: Bloomberg - All Podcasts | 7 Dec 2009 | 10:34 am Julius Baer's Kohl Sees Euro Rising to $1.55 in 2010: AudioSource: Bloomberg - All Podcasts | 7 Dec 2009 | 10:33 am Plebes Crowd John Paulson At NYU Alumni FunctionWas at the Stern alumni ball Saturday with girlfriend who went there. John Paulson in attendance. (he donated the new lobby). The alum ahead of me in the "receiving line" handed him his card like a slick scumbag in desperation for business. Another said to him, "We used to go the same ATM!"
Source: Dealbreaker | 7 Dec 2009 | 10:28 am TARP money could reduce the deficitA lot of the money that was slated for TARP now is probably going to go to funding job creation. Stacey Vanek-Smith talks with Senator Judd Gregg from New Hampshire, who explains why the money would be better used paying off the national debt.Source: Marketplace | 7 Dec 2009 | 10:22 am How Tiger Woods is Helping the American Economy
Image: Zanetti Cartoons
Source: Business Pundit | 7 Dec 2009 | 9:59 am What Do Tiger Woods And Lloyd Blankfein Have In Common?
The premise of this article is that both have run into PR debacles, as a result of their huge egos. But surely there must be more? So far we've got: * Both leave shady voicemails for their bitches * Both work for organizations that pride themselves on being bastions of elitism-- one excludes Jews, the other promotes only Jews * Both dismayed partners with public listing-- Goldman on the NYSE, Tiger on AdultFriendFinder.com
Source: Dealbreaker | 7 Dec 2009 | 9:40 am Consumer Group: Zhu Zhu Pets Unsafe Due to Antimony
GoodGuide, a consumer group, claims to have found dangerous levels of antimony, a metalloid toxic to humans in in large amounts, in a study. GoodGuide found higher-than-normal levels of antimony on the hair and nose of the Mr. Squiggles Zhu Zhu pet. The Baltimore Sun has more: …the toy’s maker, St. Louis-based Cepia LLC, insisted in a statement that its product is safe and has passed rigorous testing. The company said it was contacting GoodGuide to share its testing data and determine how the report was founded. Zhu Zhu Pets, which retail for about $10, have become this season’s toy craze, following in the footsteps of Tickle Me Elmo and Cabbage Patch Kids. The items fetch $40 or more on resale Web sites like eBay and Craigslist. That’s what brought it to GoodGuide’s attention. GoodGuide CEO Dara O’Rourke told The Associated Press on Saturday that his group bought three of each of the year’s 30 hottest toys and tested them multiple times. Antimony was measured at 93 parts per million in the hamster’s fur and at 106 parts per million in its nose. Both readings exceed the allowable level of 60 parts per million, said O’Rourke, an associate professor of environmental science at the University of California, Berkeley. According to the Christian Science Monitor, The Consumer Product Safety Improvement Act of 2008 limits antimony to no more than 60 parts per million. Good Guide says it found 93 ppm in Mr. Squiggles’ fur and 103 in its nose. There’s no recall in the works (yet), although there has been speculation. There are various reports of the study being faulty. For example, in this Consumerist post, commenters state the following: - Only one Zhu Zhu pet came in over the limit of antimony, and that pet was only 10% over the limit. Prognosis? Wait this one out.
Source: Business Pundit | 7 Dec 2009 | 9:23 am Tighter Restrictions Proposed For Store Credit Cards
New rules may make it tougher to get cards like these. (zen/Flickr) By Caitlin Kenney The Federal Reserve is considering new rules that could make it harder for you to get that Target or Macy's card at the register. The proposed restrictions call for retailers to get more financial information from customers about their incomes before handing over a card. The Wall Street Journal (subs req'd) reports: Macy's Inc., Saks Inc., Best Buy Co. and other retailers are fighting the proposed rules, claiming customers wouldn't be comfortable handing over a pay stub or tax document to a cashier in order to show they can pay their bills. "Instant credit is important because it is another service that we can offer the customer that the customer considers to be valuable," said Jim Sluzewski, a spokesman for Macy's, which like the other retailers has lodged gripes with the Fed. In the third quarter, more than half of Macy's sales were rung up on store-brand credit cards. Macy's operates more than 850 department stores in 45 U.S. states. Stores usually grant credit at checkout counters by tapping databases for a customer's credit score. Credit scores don't include income information. Instead, they are based on payment history, which retailers contend is a better indicator of whether someone will pay their bills than how much they earn. The proposed restrictions are tied to new credit-card legislation signed by the President last spring. The Federal Reserve hasn't set a deadline for finishing the rules but says that going forward -- evaluations of credit-worthiness "must include a review of the consumer's income or assets as well as the consumer's current obligations." » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 7 Dec 2009 | 9:10 am Casting Call: 'Your Money Story'
Want to be on camera? (T. Scott Carlisle/Flickr) By David Kestenbaum Hey friends, we love hearing your stories of living through these wild economic times. And my colleague Molly Knight Raskin would love to hear them too. Molly used to work at the Lehrer News Hour and is now part of a team putting together short films. They want to document the financial stories of young people (which apparently means ages 18-35). She writes: "We're seeking interview subjects who can candidly share their stories - the good, the bad, the humorous. Created by an award-winning production company (with an Oscar and several Emmys to its name), these films will feature issues like college debt, real estate regrets, career shifts - even marriage & money." Find out more at the project's website. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 7 Dec 2009 | 7:30 am Morning Report: TARP Costs Down; Dubai Stocks Fall AgainBy Daniel Costello The Obama administration expects the long term cost of the Troubled Asset Relief Program to be $200 billion less than projected, a development that could reduce the size of the budget deficit and open up funds for a new jobs program, a Treasury Department report concluded Monday. The Treasury now estimates that over the next the next decade TARP will cost $141 billion at most, down from the $341 billion the White House projected in August. The reduction stems in large part because the larger figure anticipated more financial troubles requiring intervention. Overall, the Treasury Department now expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the crisis began last year, with the portion lent to banks actually showing a slight profit, according to the Treasury report. Meanwhile, the stock market in Dubai fell sharply on Monday, led by a 10% drop in shares of Emaar, the property developer behind Burj Dubai, the world's tallest tower, which is scheduled to open next month. The DFM index, the benchmark for the Dubai Financial Market, closed 5.84% lower at 1,744.83. Markets in the Arab states have been roiled in the past two weeks since Dubai World, the emirate-controlled conglomerate, said it was seeking a six-month standstill on payments under $60 billion of debt. The company is currently trying to restructure $26 billion of debt. On Monday, Dubai World executives said the company might sell some of its foreign assets to meet its obligations, but that the Dubai government won't sell any assets for that purpose. Other Middle-East investors reported much better financial news over the weekend. On Sunday, Kuwait's sovereign wealth fund said it has sold a $4.1 billion stake in Citigroup. The Kuwait Investment Authority said it made a profit of $1.1 billion from the sale, or a 36.7% return on the investment, the firm said. The KIA invested $3 billion in Citibank and another $2 billion in Merrill Lynch at the beginning of 2008. The fund's investment the banks was criticized domestically as some U.S. lawmakers worried about such a large Kuwaiti investment in American banks. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 7 Dec 2009 | 6:57 am One Version of Life
Source: Business Pundit | 7 Dec 2009 | 3:16 am
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