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World markets jump after Dubai's $10B bailout (AP)
Source: Yahoo! News: Stock Markets News | 14 Dec 2009 | 3:36 am Toyota (TM) Means To Be First To The Plug-In Car BusinessIt is not entirely clear that consumers want plug-in electric cars, but that is not keeping Toyota (NYSE:TM) from marketing one, probably in two years. Hybrids are less expensive and get up to 50 mph. The same in try of new clean-burning diesels and vehicles with smaller four-cylinder fuel-efficient engines. The largest Japanese car company says [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Dec 2009 | 3:36 am Some Toys Have Low Expectations
Source: Business Pundit | 14 Dec 2009 | 3:27 am MarketWatch First Take: Cadbury's current price hardly a 'steal'A financial forecast from a company that's the target of a hostile takeover shouldn't be taken too seriously.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 3:24 am The Google (GOOG) Phone And The Beginning Of The End For RIMRIM’s (NASDAQ:RIMM) stock has recovered some after several weeks of selling off due to the strength of the sales of the rival Apple (NASDAQ:AAPL) iPhone. In the meantime, RIM has put together a contract with China Telecom to sell the Blackberry to consumers in the world’s largest cellular market. RIM reports earnings in a weak [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Dec 2009 | 3:21 am Asia markets rebound on news of aid for DubaiDubai receives $10 billion in financing from fellow emirate Abu Dhabi.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 3:21 am Global stocks boosted as Abu Dhabi bails out Dubai (AFP)
Source: Yahoo! News: Stock Markets News | 14 Dec 2009 | 3:16 am Cadbury admits to rival interest as rejects Kraft (Reuters)
Source: Yahoo! News: Business | 14 Dec 2009 | 3:14 am Cadbury admits to rival interest as rejects KraftLONDON (Reuters) - Britain's Cadbury Plc said it has received interest from other bidders after raising its growth targets and reporting upbeat trading as it dismissed a 10 billion pound ($16.5 billion) bid from Kraft Foods.Source: Reuters: Business News | 14 Dec 2009 | 3:14 am Obama attacks 'fat cat' bankersPresident Obama tells bankers to take responsibility for the crisis and to stop fighting against tighter regulation.Source: BBC News | Business | World Edition | 14 Dec 2009 | 3:13 am Abu Dhabi gives Dubai $10 billion in surprise bailoutDUBAI (Reuters) - Abu Dhabi provided its flashy but debt-laden neighbor Dubai a $10 billion lifeline to last its troubled flagship company until the end of April, heading off a bond default on payment day and sending Gulf markets higher.Source: Reuters: Business News | 14 Dec 2009 | 3:03 am Kraft (KFT) Has Lost The Battle For Cadbury (CBY)Kraft (NYSE:KFT) had made its hostile bid for Cadbury (NYSE:CBY) which carries a value of $16.3 billion. Cadbury shares have recently traded above the level of the Kraft bid and the US company lost its chance to buy the UK firm because it did not raise its bid high enough. Two things have happened in the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Dec 2009 | 3:03 am London Markets: Standard Chartered shares up in higher FTSE 100Shares in London rise as worries about exposure to Dubai’s debt fade.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 3:02 am Can Obama bully the bankers?President Obama is about to give the banks an earful about lending. But he may be a day late -- and $116 billion short.Source: Business and financial news - CNNMoney.com | 14 Dec 2009 | 2:55 am All eyes on the FedAs an insistent stock market rally coasts into the new year, investors are starting to look forward -- raising questions about just what kind of recovery we're in for.Source: Business and financial news - CNNMoney.com | 14 Dec 2009 | 2:54 am Dubai gets $10 billion from Abu DhabiSource: Business and financial news - CNNMoney.com | 14 Dec 2009 | 2:54 am BA strike ballot result awaitedA strike by BA cabin crew could move closer when the result of a ballot for industrial action is announced.Source: BBC News | Business | World Edition | 14 Dec 2009 | 2:53 am Lloyds wins 95% support for record rights issueLloyds Banking Group hailed its record-breaking £13.5 billion rights issue as a success this morning as it emerged 95 per cent of shares on offer were snapped up. Source: Latest Business News from Times Online | 14 Dec 2009 | 2:53 am How 'Cash for Caulkers' might workPresident Obama's Cash for Caulkers proposal has almost every homeowner wondering how they'll be able to cash in.Source: Business and financial news - CNNMoney.com | 14 Dec 2009 | 2:51 am What Did Abu Dhabi Get For Dubai Bail-Out?Abu Dhabi did the unexpected. It provided fellow member of the United Arab Emirates Dubai $10 billion in funds. Four billion dollars of that will go to give support for Dubai’s real estate fund Nakheel. The balance will go to Dubai World as its tries to restructure its obligations. The capital clearly buys Dubai time and may even allow [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Dec 2009 | 2:49 am ArcelorMittal could cut 10,000 jobs: reportPARIS (Reuters) - ArcelorMittal, the world's biggest steelmaker, could cut 10,000 jobs worldwide next year to boost productivity and reduce general expenses by around $500 million, French newspaper Les Echos said on Monday.Source: Reuters: Business News | 14 Dec 2009 | 2:41 am FTSE 100 up as banks rise on Dubai bail-outBritain's FTSE 100 share index rose 1pc in early deals on Monday, led higher by banks after indebted emirate Dubai said it has received $10bn from Abu Dhabi, calming jittery investors nerves.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 14 Dec 2009 | 2:40 am Morgan Stanley hires ex-Merrill COO FlemingNEW YORK (Reuters) - Morgan Stanley said on Sunday it hired former Merrill Lynch President and Chief Operating Officer Gregory Fleming to run its investment management group, the latest in a string of executive level changes.Source: Reuters: Business News | 14 Dec 2009 | 2:39 am Citi near deal to pay back bailout money: reportsNEW YORK (Reuters) - Citigroup is nearing a deal with the U.S. government that would allow it to pay back its bailout money, several reports said on Sunday.Source: Reuters: Business News | 14 Dec 2009 | 2:37 am Links for the Climate TalksBy David Kestenbaum I'm set up here in Copenhagen with my colleague Richard Harris. The place is entirely overwhelming, like an indoor city with 4 restaurants and several nieghborhoods, one for journalists, one for diplomats, one for the environmentalists. If you want to follow events from home as the world tries (once again) to save itself from itself, here are some things I have bookmarked. On twitter: follow #cop15 or here. Websites: The NYT has a nice summary of the big players and their positions. Here's Richard's summary of what might emerge. And NPR's Chris Joyce laying out the technological challenges the world will face if it reaches a treaty. The Climate Scoreboard tallies what the countries' pledges amount to. Here's the video that kicked off the talks, where a girl's stuffed polar bear falls into a crack in the earth. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 14 Dec 2009 | 2:33 am Stocks ready to rise at openStocks were set to open higher Monday on developments in the Dubai debt crisis and the banking sector.Source: Business and financial news - CNNMoney.com | 14 Dec 2009 | 2:27 am Cadbury lifts sales target in Kraft defenseThe U.K. chocolate maker steps up its defense against a $16 billion hostile takeover bid from Kraft Foods.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 2:22 am Turkmenistan-China gas link opensChina's President Hu Jintao visits Turkmenistan to open the final link in a new pipeline delivering gas from Central Asia.Source: BBC News | Business | World Edition | 14 Dec 2009 | 2:09 am UK shares bounce on Abu Dhabi's $10bn Dubai rescue$Relieved investors sent shares in London surging this morning after Abu Dhabi rode to Dubai's rescue with a $10 billion bailout package after almost three weeks of brinkmanship.$ Source: Latest Business News from Times Online | 14 Dec 2009 | 2:05 am Stock futures signal gains after Dubai bailout (Reuters)
Source: Yahoo! News: Business | 14 Dec 2009 | 2:02 am Stock futures signal gains after Dubai bailout(Reuters) - Stock index futures pointed to a higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.59 percent, Dow Jones futures up 0.39 percent and Nasdaq 100 futures up 0.49 percent.Source: Reuters: Business News | 14 Dec 2009 | 2:02 am Stock futures signal gains after Dubai bailout(Reuters) - Stock index futures pointed to a higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.59 percent, Dow Jones futures up 0.39 percent and Nasdaq 100...Source: RSS feed - channel BNewsBusiness | 14 Dec 2009 | 2:02 am Stock futures signal gains after Dubai bailout (Reuters)
Source: Yahoo! News: Stock Markets News | 14 Dec 2009 | 2:02 am Europe Markets: European shares jump after Dubai gets debt aidEuropean shares jumped on Monday, with banks in the lead, after Abu Dhabi provided $10 billion of finance to debt-laden Dubai to stave off a potential default of a bond due to mature today.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 1:55 am Media Digest 12/14/2009 Abu Dhabi Bails Out Dubai Reuters, WSH, NYTime, FT, BloombergReuters: Abu Dhabi supplied Dubai with $10 billion in bail out funds. Reuters: Cadbury (NYSE:CBY) is optimistic about its fight against Kraft (NYSE:KFT). Reuters: Arcelor Mittal could cut 10,000 jobs. Reuters: “Naked access” is now 38% of all US trading. Reuters: Beijing Auto bought assets of Saab Reuters: Morgan Stanley (NYSE:MS) is hiring a former senior officer from Merrill Lynch to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Dec 2009 | 1:52 am Dubai bail-out cheers London banksFinancial stocks led the FTSE 100 higher on Monday after confirmation of strong demand for Lloyds' rights issue combined with relief at Abu Dhabi's $10bn move to bail out Dubai. The FTSE 100 regained 60...Source: RSS feed - channel BNPaperBusiness | 14 Dec 2009 | 1:50 am Risk appetite surges on Dubai bailoutGlobal Markets Overview: Abu Dhabi’s $10bn aid package for its neighbouring emirate lifts stocks and hits haven assets, helping expectations for gains in opening European equities tradeSource: Financial Times - US homepage | 14 Dec 2009 | 1:48 am Risk appetite surges on Dubai bailout08:45 GMT. Global risk appetite surged on Monday, boosting stocks and denting haven assets, after Dubai said it had received $10bn from Abu Dhabi to help cover its debts.The FTSE World Index rose 0.4 per...Source: RSS feed - channel BNPaperBusiness | 14 Dec 2009 | 1:48 am MUFG sets share price 428 yen, to raise $11.6 billionTOKYO (Reuters) - Mitsubishi UFJ Financial Group, Japan's largest bank, priced a share sale at 428 yen on Monday to raise up to 1.03 trillion yen ($11.6 billion) to help meet stricter...Source: RSS feed - channel BNewsBusiness | 14 Dec 2009 | 1:48 am MUFG sets share price 428 yen, to raise $11.6 billionTOKYO (Reuters) - Mitsubishi UFJ Financial Group, Japan's largest bank, priced a share sale at 428 yen on Monday to raise up to 1.03 trillion yen ($11.6 billion) to help meet stricter global capital requirements.Source: Reuters: Business News | 14 Dec 2009 | 1:48 am MarketWatch First Take: Abu Dhabi learns Paulson's lesson: Bailouts workAbu Dhabi's $10 billion bailout of Dubai raises a key point: Although often unpopular, bailouts often work to the benefit of the rescuer.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 1:45 am Economic Report: Japan's Tankan sends mixed signals on economyQuarterly survey shows better-than-expected sentiment but deteriorating capital-outlay expectations.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 1:39 am Dubai gets $10 billion from Abu Dhabi to pay debtsDubai says it has received $10 billion in financing from fellow emirate Abu Dhabi, which it will use to pay part of the debt held by conglomerate Dubai World and its property unit Nakheel.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 1:38 am Lloyds gets 95 percent take-up for record cash callLONDON (Reuters) - Lloyds Banking Group said on Monday take-up for its record 13.5 billion-pound ($21.9 billion) rights issue totaled over 95 percent, drawing a line under a turbulent few months for Britain's largest retail lender.Source: Reuters: Business News | 14 Dec 2009 | 1:34 am Abu Dhabi gives Dubai $10bn helpDubai announces it has been given a $10bn handout from UAE neighbour Abu Dhabi to help it pay off its debts.Source: BBC News | Business | World Edition | 14 Dec 2009 | 1:34 am Cadbury fights back in bid battleCadbury defends its decision to reject a hostile takeover bid from Kraft, citing its "exceptional growth opportunities".Source: BBC News | Business | World Edition | 14 Dec 2009 | 1:33 am Lloyds gets 95 percent take-up for record cash callLONDON (Reuters) - Lloyds Banking Group said take-up for its record 13.5 billion pound ($21.9 billion) rights issue totaled over 95 percent, drawing a line under a turbulent few months for...Source: RSS feed - channel BNewsBusiness | 14 Dec 2009 | 1:32 am BA faces increase on £3.7bn pension deficitBritish Airways (BA), which will today learn if cabin crew will strike over Christmas, may be forced to fund a larger pension deficit than the £3.7 billion shortfall it revealed this morning in a development which could scupper its merger with Spain's Iberia. Source: Latest Business News from Times Online | 14 Dec 2009 | 1:29 am Woodside announces fundraising for LNG pushAustralian energy giant Woodside Petroleum on Monday announced a 2.5 billion dollar (2.3 billion US) share offer to boost its ambitious push into the booming liquefied natural gas (LNG)...Source: RSS feed - channel BNewsBusiness | 14 Dec 2009 | 1:26 am FTSE 100 climbs after Abu Dhabi move (AFP)
Source: Yahoo! News: Stock Markets News | 14 Dec 2009 | 1:26 am Obama, Democrats waiting for Nelson on health careSixty seconds in a minute, 60 minutes in an hour, and it takes 60 senators to overhaul the nation's health care system. Sen. Ben Nelson, who has collected hundreds of clocks, is the...Source: RSS feed - channel BNewsBusiness | 14 Dec 2009 | 1:23 am Dubai accepts $10bn bail-out from Abu Dhabi in dramatic climbdownIn a dramatic U-turn, Abu Dhabi agrees to back troubled Dubai World with $10bn.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 14 Dec 2009 | 1:19 am Asia Markets And Europe Open 12/14/2009Markets in Asia were mixed. The Nikkei fell a fraction to 10,106. Toyota (NYSE:TM) and Mitisubishi UFJ (NYSE:MTU) fell The Hang Seng rose .8% to 22,078. The Shanghai Composite was up 1.7% to 3,303. At the open in Europe, the FTSE was up 1.3% to 5,330. The Dax was up .9% to 5,809, The CAC 40 rose 1% to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Dec 2009 | 1:18 am Oil near $69 as OPEC signals no output cutOil prices fell to near $69 a barrel Monday in Asia amid signs OPEC doesn't plan to cut crude output when it meets next week. Benchmark crude for January delivery was down 56 cents at...Source: RSS feed - channel BNewsBusiness | 14 Dec 2009 | 1:11 am Tick-tock: Waiting for Nelson on health careSixty seconds in a minute, 60 minutes in an hour, and it takes 60 senators to overhaul the nation's health care system. Sen. Ben Nelson, who has collected hundreds of clocks, is the...Source: RSS feed - channel BNewsBusiness | 14 Dec 2009 | 1:10 am Dubai gets $10B from Abu Dhabi to cover debtDubai's government said Monday it has received $10 billion in emergency funds from its oil-rich neighbor Abu Dhabi that will help pay debts owed by the struggling Dubai World conglomerate.Source: RSS feed - channel BNewsBusiness | 14 Dec 2009 | 1:07 am ETF Investing: This year's ETF winners could repeat in 2010Exchange-traded fund buyers plowed money into ETFs tracking bonds and international stocks this year, and the pattern looks set to continue in 2010 as investors diversify portfolios, protect against losses and chase the hot performance of emerging markets.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 1:04 am Rose Parade and two bowl games will entice a blitz of visitorsManagers of tourist attractions in the L.A. region hope the out-of-town fans will stay and spend. Within hours...Source: RSS feed - channel BNPaperBusiness | 14 Dec 2009 | 1:00 am Are we being shortchanged by TARP repayments?By letting banks exit the $700-billion program that saved them, the government may be giving up what could have been an effective tool of leverage over this misbehaving industry. ...Source: RSS feed - channel BNPaperBusiness | 14 Dec 2009 | 1:00 am Weekend box-office results
Source: L.A. Times - Business | 14 Dec 2009 | 1:00 am Disney toys get Pixar animation guru's touchJohn Lasseter champions better-quality merchandise that stays true to the films.Disney Pixar Animation guru John Lasseter found himself tangled in a miniature fashion kerfuffle.
Source: L.A. Times - Business | 14 Dec 2009 | 1:00 am Rose Parade and two bowl games will entice a blitz of visitorsManagers of tourist attractions in the L.A. region hope the out-of-town fans will stay and spend.Within hours after the Oregon and Ohio State football teams march off the field following the Rose Bowl game in Pasadena, crews will tear out and replace the turf to prepare for the BCS national championship matchup between Texas and Alabama six days later.
Source: L.A. Times - Business | 14 Dec 2009 | 1:00 am Box-office revenue up for 2009It's not just higher ticket prices: More people are going to the movies, even as the recession has depressed consumer spending in nearly every other category.Sisters Ornella and Yolanda Schinazi don't eat out much anymore. They rarely go out drinking, and they have cut way back on shopping.
Source: L.A. Times - Business | 14 Dec 2009 | 1:00 am Are we being shortchanged by TARP repayments?By letting banks exit the $700-billion program that saved them, the government may be giving up what could have been an effective tool of leverage over this misbehaving industry.The headlong rush by big banks to pay back their TARP bailout loans -- Citigroup is the latest candidate looking for the exit -- has prompted a lot of stock-taking about this widely
Source: L.A. Times - Business | 14 Dec 2009 | 1:00 am Fed's report to get extra scrutinyInvestors expect the Federal Reserve to keep a key interest rate at a historically low level. Why? Because Fed Chairman Ben S. Bernanke said so.Source: RSS feed - channel BNPaperBusiness | 14 Dec 2009 | 1:00 am Desperate times call for deep discounts at the mallWorried Southland merchants are dropping prices as the holiday shopping days dwindle. Some customers have come to expect discounts, an expert says.With the sun breaking through after a storm and Christmas less than two weeks away, shoppers dutifully trooped to the region's malls on Sunday -- though apparently with less free-spending enthusiasm than anxious merchants would like.
Source: L.A. Times - Business | 14 Dec 2009 | 1:00 am 'Princess and the Frog' and 'Invictus' start relatively soft at box officeBut good audience reactions mean buzz should be strong for both movies, which were released in early December in hopes of gaining momentum as the holiday season continues.Two new movies got off to so-so starts this weekend, but the studios behind them hope they're both set up to prosper over the holidays.
Source: L.A. Times - Business | 14 Dec 2009 | 1:00 am Job market worsens for recent college graduatesUnemployment among young adults is worse than the U.S. average. Little relief is in sight.The unemployment rate dropped last month for men and women, blacks and whites, lifting hopes that the long dry spell in the jobs market may be coming to an end. But for recent college graduates and other young adults, the labor situation didn't just remain dire -- it got worse.
Source: L.A. Times - Business | 14 Dec 2009 | 1:00 am Fed's report to get extra scrutinyInvestors expect the Federal Reserve to keep a key interest rate at a historically low level. Why? Because Fed Chairman Ben S. Bernanke said so.
Source: L.A. Times - Business | 14 Dec 2009 | 1:00 am Desperate times call for deep discounts at the mallWorried Southland merchants are dropping prices as the holiday shopping days dwindle. Some customers have come to expect discounts, an expert says. ...Source: RSS feed - channel BNPaperBusiness | 14 Dec 2009 | 1:00 am Weekend box-office resultsSource: RSS feed - channel BNPaperBusiness | 14 Dec 2009 | 1:00 am 'Princess and the Frog' and 'Invictus' start relatively soft at box officeBut good audience reactions mean buzz should be strong for both movies, which were released in early December in hopes of gaining momentum as the holiday season continues. ...Source: RSS feed - channel BNPaperBusiness | 14 Dec 2009 | 1:00 am Disney toys get Pixar Animation guru's touchJohn Lasseter champions better-quality merchandise that stays true to the films. Disney Pixar Animation guru John...Source: RSS feed - channel BNPaperBusiness | 14 Dec 2009 | 1:00 am The week ahead, at a glanceAt a glance TODAY Treasury auctionSource: RSS feed - channel BNPaperBusiness | 14 Dec 2009 | 1:00 am Whitbread profits to 'exceed' expectationsWhitbread, Britain's biggest hotel and coffee shop operator, said it expected its 2009/10 results to "somewhat exceed" market estimates on the back of positive sales momentum and cost cutting initiatives.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 14 Dec 2009 | 12:55 am Abu Dhabi steps in to bail out DubaiAbu Dhabi is providing $10bn in funding to bail out its fellow emirate Dubai, enabling it to settle a $4.1bn Islamic bond owed by troubled developer NakheelSource: Financial Times - US homepage | 14 Dec 2009 | 12:52 am Metals Stocks: Gold futures regain lost ground on GlobexGold futures edge, bouncing back after a more than 4% drop last week, ahead of this week's U.S. Federal Reserve meeting.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 12:45 am Austria nationalises Hypo Group Alpe Adria: ministerThe Austrian government has nationalised real estate financier Hypo Group Alpe Adria (HGAA), the country's sixth largest bank, to save it from bankruptcy, Finance Minister Josef Proell saidSource: RSS feed - channel BNewsBusiness | 14 Dec 2009 | 12:43 am RPT-UPDATE 1-Reliance Comm selling FLAG, US business -sources* Reliance seeks around $3 bln for FLAG, other units-sourcesSource: RSS feed - channel BNewsBusiness | 14 Dec 2009 | 12:42 am Mouchel rejects VT Group approachesMouchel, the outsourcing and engineering group, has rejected two unsolicited takeover approaches from rival VT Group.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 14 Dec 2009 | 12:41 am Cadbury investors urged not to let Kraft 'steal your company'Cadbury shareholders were urged today not to let US rival Kraft 'steal your company on the cheap'.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 14 Dec 2009 | 12:33 am Cadbury sweetens defence against 'cheap' Kraft bidCadbury this morning issued a rallying cry to investors, raising growth and profitability targets while promising enhanced shareholder returns to see off a hostile takeover from Kraft Foods, the American food giant. Source: Latest Business News from Times Online | 14 Dec 2009 | 12:19 am Taxpayers face a long, painful slogThere's a Johnny Cash number that could be David Cameron's election victory song .Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 14 Dec 2009 | 12:13 am Abu Dhabi gives Dubai $10 billion in surprise bailout (Reuters)
Source: Yahoo! News: Business | 14 Dec 2009 | 12:02 am Abu Dhabi gives Dubai $10 billion in surprise bailout (Reuters)
Source: Yahoo! News: Stock Markets News | 14 Dec 2009 | 12:02 am Aussie stocks: Pledge nudges market upThe Australian sharemarket closed marginally higher after a lacklustre session following a late spike caused by news of the Abu Dhabi government's US$10 billion (A$10.979 billion) financing pledge for part of Dubai's troubled sovereign...Source: nzherald.co.nz - Business | 13 Dec 2009 | 11:58 pm House prices fall for second month in a rowProperty asking prices fell for the second month in a row during December, according to Rightmove.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 13 Dec 2009 | 11:38 pm NZ markets: Price drops cause dragFalls in the prices of key leading stocks dragged the New Zealand sharemarket lower today.The benchmark NZX50 index closed down 29.187 points, or 0.933 per cent, at 3098.797. Turnover was worth $73.76 million. There were 30 rises...Source: nzherald.co.nz - Business | 13 Dec 2009 | 11:33 pm Obama to meet with bankers, decries "fat cats" (Reuters)
Source: Yahoo! News: Business | 13 Dec 2009 | 11:06 pm Obama to meet with bankers, decries "fat cats"WASHINGTON (Reuters) - President Barack Obama may have some tough words on Monday for executives of top U.S. banks as he pushes them to step up small-business lending and get behind legislation to overhaul Wall Street regulations.Source: Reuters: Business News | 13 Dec 2009 | 11:06 pm Abu Dhabi gives Dubai $10bn handout to repay debtsDubai receives $10 billion injection of which $4.1 billion is allocated to the troubled Dubai World to pay obligations.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 13 Dec 2009 | 10:44 pm "Naked access" now 38 percent of U.S. trading: reportNEW YORK (Reuters) - A report says that 38 percent of all U.S. stock trading is now done by firms that have "naked sponsored access" to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown.Source: Reuters: Business News | 13 Dec 2009 | 10:37 pm Abu Dhabi bails out Dubai with $10 billion$Dubai has received $10 billion from its neighbour Abu Dhabi to help Dubai World, the ailing state-owned conglomerate, repay a $4.1 billion Islamic debt which matures today.$ Source: Latest Business News from Times Online | 13 Dec 2009 | 10:25 pm Student loan default data highlights for-profits (AP)AP - More than one in five borrowers of federal student loans who attend for-profit colleges default within three years of repayment, new figures made available by the U.S. Department of Education on Monday show.Source: Yahoo! News: Business | 13 Dec 2009 | 10:01 pm Holiday Bright Spots Mask a Yellow Light (Pundit Watch)Retail surprises have been driven by seasonal spending. But what's next?
Source: SmartMoney.com | 13 Dec 2009 | 10:00 pm The 3 Best Preholiday Deals (Deal of the Day)Gaming the sales. Is it better to shop now, or wait?
Source: SmartMoney.com | 13 Dec 2009 | 10:00 pm Recession, Divorce and Home: They Don't MixSplitting couples struggle with how to handle the family house.
Source: SmartMoney.com | 13 Dec 2009 | 10:00 pm Citi near deal to pay back bailout money: reports (Reuters)
Source: Yahoo! News: Business | 13 Dec 2009 | 9:13 pm Tourism related retail up in OctoberAn increase in sales by food-related industries was offset by a sales decrease in vehicle-related industries in the full October retail sales report released today.Statistics New Zealand released the headline numbers last week...Source: nzherald.co.nz - Business | 13 Dec 2009 | 8:30 pm NZ services 'unequivocally upbeat' in lead-up to Christmas: PSINew Zealand's services sector is "unequivocally upbeat" in the lead-up to Christmas as the country's economy continues to recover from its first recession in a decade.The BNZ Capital-Business NZ Performance of Service Index (PSI)...Source: nzherald.co.nz - Business | 13 Dec 2009 | 8:00 pm Woods loses key sponsorship dealThe giant consultancy firm Accenture ends its multi-million dollar sponsorship of scandal-hit golfer Tiger Woods.Source: BBC News | Business | World Edition | 13 Dec 2009 | 7:54 pm Allied Farmers boss says Hanover vote will be closeAllied Farmers, seeking to paint itself as a poster-boy suitor for Hanover Finance's investors, is down to the wire on its deal to acquire the financial assets for $400 million in stock.This week's vote by Hanover and United Finance...Source: nzherald.co.nz - Business | 13 Dec 2009 | 7:30 pm Deposit battle intensifies as banks offer new ratesASB has introduced a market leading nine-month deposit rate, but cut most of its longer term rates over the weekend, while Westpac hiked its one year and 18 month rates this morning as banks continue to jostle for local funding from...Source: nzherald.co.nz - Business | 13 Dec 2009 | 7:00 pm Auckland house prices up 12pc in NovemberHouse prices across New Zealand rose a slim 0.2 per cent in November, says the Real Estate Institute, but those in Auckland have soared nearly 12 per cent over the past year. Compared to a year ago, the REINZ Housing Price Index...Source: nzherald.co.nz - Business | 13 Dec 2009 | 6:00 pm London to 'lose out' to ShanghaiLondon could be pushed into third place as a global financial centre by Shanghai in the next decade, according to a report.Source: BBC News | Business | World Edition | 13 Dec 2009 | 5:32 pm Cleaners 'beat bankers in worth', says researchHospital cleaners are worth more to society than bankers, research by a think tank suggests.Source: BBC News | Business | World Edition | 13 Dec 2009 | 5:15 pm Are hospital workers more than City bankers?Hospital cleaners are worth more to society than City bankers, says a new report.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 13 Dec 2009 | 5:15 pm Business big shot: Mark SaundersWhen Mark Saunders, the Habitat chief executive, returns to work today, life could be a little awkward. Source: Latest Business News from Times Online | 13 Dec 2009 | 5:01 pm Top bankers destroy value, study claimsBankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negativeSource: Financial Times - US homepage | 13 Dec 2009 | 5:01 pm Household income plummets in wake of recessionThe recession’s toll on consumers will be laid bare today as Bank of England figures show that nearly a third of workers have had their household income drop by at least £1,200 a year amid soaring unemployment, shorter working hours and pay freezes. Source: Latest Business News from Times Online | 13 Dec 2009 | 5:01 pm These mystery men can break governmentsLast week Moody’s — one of the big three international ratings agencies — warned that the UK’s top bond rating would be under threat if Britain failed to sort out its public finances in the next three years. For the first time in decades, British Chancellors have to worry about the bond market. Source: Latest Business News from Times Online | 13 Dec 2009 | 5:01 pm Cadbury hopes to win support with growth outlookCadbury will make its case for independence today, unveiling bullish growth projections as its board waits to hear whether Hershey, the American confectioner, can raise enough cash for a white-knight bid to see off Kraft’s approach. Source: Latest Business News from Times Online | 13 Dec 2009 | 5:01 pm Clubbed senseless by all the golfing jargon — and not out of the Woods yetIf you’re getting tired of the golf puns still being generated as a result of the Tiger Woods story — eg, “Tiger had me in the rough” (News of the World), “Wife needs to putt Tiger in his place” (Daily Mirror), “Teed-off cops to probe Tiger’s injuries” (The Sun) — just thank your lucky stars you don’t work in business. Because golf analogies are, if you forgive yet another pun, par for the course in corporate life. Source: Latest Business News from Times Online | 13 Dec 2009 | 5:01 pm Accenture axes Woods dealConsultancy ends its six-year sponsorship deal in the biggest financial blow so far from the crisis in the golfer’s personal lifeSource: Financial Times - US homepage | 13 Dec 2009 | 4:42 pm Schwarzenegger urges US to lead fight on climateArnold Schwarzenegger has urged the White House to emulate California in taking a lead in the fight against climate change, saying “it would be good for the whole world . . . if the US becomes the power behind the movement”Source: Financial Times - US homepage | 13 Dec 2009 | 4:31 pm China signals climate funds shiftChina signalled that it had abandoned its demand for funding from the developed world to combat climate change, the first apparent concession by a major player at the Copenhagen talksSource: Financial Times - US homepage | 13 Dec 2009 | 4:31 pm With ads off the air, Tiger takes leave from golfTiger Woods is all over the TV, but his ads haven't been.Source: Business and financial news - CNNMoney.com | 13 Dec 2009 | 4:04 pm High volume in Telecom shares opens NZXBrisk early trading in Telecom shares saw New Zealand's largest telecommunications company gain two cents at market open today, as the NZX-50 group index edged up slightly.Among leading shares, Telecom gained 2c to $2.37, Fletcher...Source: nzherald.co.nz - Business | 13 Dec 2009 | 4:02 pm Senate acts to keep government fundedThe U.S. Senate on Sunday approved $447 billion in spending for several Cabinet departments and other agencies for the 2010 budget year -- money needed to fund the federal government after the coming week.Source: Business and financial news - CNNMoney.com | 13 Dec 2009 | 4:00 pm Mercury scuttles big growth plansMercury Energy is ditching major expansion plans due to what it says are unacceptable risks created by the electricity market shakeup, dealing a blow to retail competition.The country's third-biggest power retailer has grown rapidly...Source: nzherald.co.nz - Business | 13 Dec 2009 | 4:00 pm Telecom's XT network still down south of TaupoTelecom XT customers needing to contact emergency services are being told to use landlines instead of their cellphones while the network remains down.Customers south of Taupo still cannot make or receive calls and text messages,...Source: nzherald.co.nz - Business | 13 Dec 2009 | 3:30 pm Accenture is first sponsor to cut ties with Tiger WoodsGlobal consulting firm Accenture Ltd. has ended its relationship with Tiger Woods, marking the first major sponsor to cut ties altogether with the golfer since his alleged infidelities surfaced and he announced an indefinite leave from the sport to work on his marriage.
Source: L.A. Times - Business | 13 Dec 2009 | 3:01 pm UK mortgage holders 'now £200 a month better off'Lower mortgage payments mean a quarter of UK homeowners are better off, according to the Bank of England.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 13 Dec 2009 | 2:55 pm Morgan Stanley appoints former Merrill executiveMorgan Stanley has charged Greg Fleming with turning around the fortunes of its undeperforming asset management business, in a move that marks the return of the former Merrill Lynch executive to Wall StreetSource: Financial Times - US homepage | 13 Dec 2009 | 2:48 pm Box office takings set to smash recordsThe film industry is on course to defy the recession by recording its best 12 months at the box office, with an end-of-year surge led by James Cameron’s Avatar and Guy Ritchie’s Sherlock HolmesSource: Financial Times - US homepage | 13 Dec 2009 | 1:32 pm Congress OKs bill to boost SEC, fund agencies (Reuters)
Source: Yahoo! News: Stock Markets News | 13 Dec 2009 | 1:26 pm Greece warned to act over default riskAthens must announce bold initiatives in the next few days to rescue its collapsing bond market and avert default on its public debt, economists and bankers warnedSource: Financial Times - US homepage | 13 Dec 2009 | 12:06 pm Traders will dissect Fed's language this week (AP)
Source: Yahoo! News: Stock Markets News | 13 Dec 2009 | 11:54 am White House predicts jobs growthThe US economy will be creating jobs by the spring, the White House predicted for the first as the President prepares to meet chief executives from twelve of the US’s largest banks to increase the pressure on them to lend to small businessSource: Financial Times - US homepage | 13 Dec 2009 | 11:53 am Cadbury and Hershey in bid talksCadbury and Hershey are in talks with a view to the US firm making a bid for the UK confectioner, the BBC learns.Source: BBC News | Business | World Edition | 13 Dec 2009 | 10:30 am Get your 401(k) above pre-crash levelsSource: Business and financial news - CNNMoney.com | 13 Dec 2009 | 9:46 am Nine ways of looking at a Google phoneSource: Business and financial news - CNNMoney.com | 13 Dec 2009 | 9:43 am The Unusual Suspects (ADBE, BBY, NKE, ORCL, RIMM, AMZN, AXA, BMY, MJN, OSIP, UUP, V, WFC)The second half of December is supposed to be when trading volume starts slowing down. That does not look to be the case for this coming week, and this list of the unusual suspects is packed with many major stocks and events. We actually have a mini-version of earnings season with companies like Adobe Systems [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Dec 2009 | 7:47 am Citigroup sued over EMI purchaseTerra Firma, EMI's owner, sues Citigroup saying the bank "misrepresented facts" during the record company sale in 2007.Source: BBC News | Business | World Edition | 13 Dec 2009 | 6:42 am China Finally Buys A Western Car CompanyAfter a year of false starts in which Chinese car and manufacturing interests have tried to buy Hummer and have kicked the tires at Volvo. a mainland firm, Beijing Automotive, will buy most of the assets of Saab. The Wall Street Journal reports that the transaction will include the intellectual property for two sedans, the 9-3 [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Dec 2009 | 6:02 am
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