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Unilever is poised to name Huet finance chiefUnilever was expected last night to announce within hours the appointment of Jean-Marc Huet as its chief financial officer. Source: Latest Business News from Times Online | 15 Dec 2009 | 2:30 pm Kraft stands firm on Cadbury bid (Reuters)
Source: Yahoo! News: Business | 15 Dec 2009 | 3:38 am Airlines Expect Massive Losses In 2010Lower oil prices and a resurgent economy should help the airlines post improved results in 2010, but that expectation is hardly true. The industry lost $11 billion in 2010. The International Air Transport Association had expected losses next year to drop to $3.8 billion. Today it revised that figure higher to $5.6 billion, and that [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Dec 2009 | 3:29 am Airline industry to lose $5.6 billion in 2010: IATA (Reuters)Reuters - The world's airlines are set to lose $5.6 billion next year, more than previously estimated, with rising fuel costs offsetting a rebound in both passenger and air cargo, the industry group IATA said on Tuesday.Source: Yahoo! News: Business | 15 Dec 2009 | 3:29 am Stock futures signal weaker open; data eyed (Reuters)
Source: Yahoo! News: Stock Markets News | 15 Dec 2009 | 3:24 am Stock futures signal weaker open; data eyed(Reuters) - Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 were down 0.2 to 0.3 percent at 1006 GMT (5:06 a.m. EST), pointing to a weaker start on Wall Street on Tuesday.Source: Reuters: Business News | 15 Dec 2009 | 3:24 am Stock futures signal weaker open; data eyed (Reuters)
Source: Yahoo! News: Business | 15 Dec 2009 | 3:24 am London Markets: British Airways shares decline in lower LondonThe potential impact of a scheduled 12-day cabin crew strike on revenue and profits weighs.
Source: MarketWatch.com - Top Stories | 15 Dec 2009 | 3:20 am Fed will hike rates - in 2011It appears 0% is here for the foreseeable future.Source: Business and financial news - CNNMoney.com | 15 Dec 2009 | 3:19 am Lenders 'too fast to repossess'Lenders are failing to exhaust all possible ways of keeping people in their homes in a third of repossession cases, charities say.Source: BBC News | Business | World Edition | 15 Dec 2009 | 3:16 am Airlines 'to suffer $5.6 bln loss in 2010'Airlines are set to suffer losses of 5.6 billion dollars in 2010, the air transport industry association IATA said on Tuesday as it increased its loss forecast in the face of an uneven...Source: RSS feed - channel BNewsBusiness | 15 Dec 2009 | 3:15 am Airline assn raises 2010 sector loss expectationsGENEVA (Reuters) - The world's airlines are set to lose $5.6 billion next year, more than previously estimated, with rising fuel costs offsetting a rebound in both passenger and air cargo, the industry group IATA said on Tuesday.Source: Reuters: Business News | 15 Dec 2009 | 3:13 am Petrol prices push up UK inflationUK inflation picked up pace in November, rising to 1.9% from 1.5% the month before, after petrol prices rose.Source: BBC News | Business | World Edition | 15 Dec 2009 | 3:12 am ECB to offer last 12-month loans, unwind stimulusThe European Central Bank on Wednesday will offer unlimited one-year loans to eurozone banks for the last time and has modified its offer to discourage speculative bidders. The first of...Source: RSS feed - channel BNewsBusiness | 15 Dec 2009 | 3:09 am Efforts under way to make Web more accessibleImagine not being able to use a mouse to open a Web browser or a keyboard to type an e-mail. What if you couldn't distinguish colors on a computer screen or type the distorted letters in...Source: RSS feed - channel BNewsBusiness | 15 Dec 2009 | 3:09 am Airlines expected to lose $5.6 billion in 2010The global airline industry will face another harrowing year in 2010, with losses expected to reach $5.6 billion despite some recovery in passenger and cargo traffic, an industry group saidSource: RSS feed - channel BNewsBusiness | 15 Dec 2009 | 3:09 am Traders wary ahead of Fed rate decisionGlobal markets overview: A reluctance by traders to take fresh positions ahead of the Federal Reserve’s last interest rate decision of the year left stock markets struggling for direction on TuesdaySource: Financial Times - US homepage | 15 Dec 2009 | 3:06 am Microsoft (MSFT), RIM (RIMM), And Apple (AAPL) To Benefit From Increased Corporate SpendingCorporate IT spending will pick up in the first quarter of 2010. That is the finding of a new research survey from ChangeWave. A total of 1,753 respondents involved with corporate IT spending in their organizations participated in the November 9-20 ChangeWave survey. Twenty-two percent of respondents report their company’s corporate IT spending will increase for first [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Dec 2009 | 3:05 am Greece PM seeks support for cutsGreece's prime minister tries to rally opposition backing for austerity measures aimed at quelling the country's economic crisis.Source: BBC News | Business | World Edition | 15 Dec 2009 | 3:05 am Oil prices edge higherOil prices rose marginally on Tuesday, with gains capped by high energy stockpiles in the United States, the world's biggest consumer, traders said. Brent North Sea crude for delivery inSource: RSS feed - channel BNewsBusiness | 15 Dec 2009 | 3:04 am Major Asian markets decline, Hang Seng falls 1.2%Beijing signals it may act to cool rising residential property prices.
Source: MarketWatch.com - Top Stories | 15 Dec 2009 | 3:04 am World stock markets mixed ahead of Fed meetingWorld stock markets were mixed Tuesday as investors took profits before year's end and awaited the Federal Reserve's latest assessment of the U.S. economy. A mostly down day in Asia and...Source: RSS feed - channel BNewsBusiness | 15 Dec 2009 | 3:01 am World stock markets mixed ahead of Fed meeting (AP)
Source: Yahoo! News: Stock Markets News | 15 Dec 2009 | 3:01 am Oil hovers below $70 in Asia after 9-day dropOil prices hovered below $70 a barrel Tuesday in Asia after dropping the last nine days on investor doubts about a recovery in U.S. crude demand and amid a strengthening dollar. ...Source: RSS feed - channel BNewsBusiness | 15 Dec 2009 | 3:00 am Kraft ups its war of words with CadburyUS food group responds to Cadbury’s defence document as the war of words in the £10.3bn hostile takeover battle intensifiesSource: Financial Times - US homepage | 15 Dec 2009 | 2:57 am Hired! From manufacturing to massageFinding any job is hard enough these days, and in a declining industry like manufacturing, opportunities are dwindling fast. But some proactive workers have found a solution: retraining.Source: Business and financial news - CNNMoney.com | 15 Dec 2009 | 2:49 am Cleaning up a retirement messQuestion: I'm changing jobs and would like to roll over my $150,000 401(k) into an IRA account. Since I already have other IRAs in individual mutual funds, I would like to put those funds as well my new IRA rollover in one place so I can split the percentages invested in each individual fund just like my old 401(k) with 15 options. Do you recommend this approach? --Randy P., Montezuma, IowaSource: Business and financial news - CNNMoney.com | 15 Dec 2009 | 2:46 am Traders wary ahead of Fed rate decision09:45 GMT. A reluctance by traders to take fresh positions ahead of the Federal Reserve's last interest rate decision of the year left stock markets struggling for direction on Tuesday.Not even Wall Street's...Source: RSS feed - channel BNPaperBusiness | 15 Dec 2009 | 2:46 am Inflation rises to six-month high of 1.9pcInflation accelerated to 1.9pc last month, rising more than economists expected, as fuel and transport costs climbed.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 2:46 am BA 'examining all strike options'British Airways says it is exploring all options, including possible legal action, to stop a planned 12-day Christmas strike by cabin crew.Source: BBC News | Business | World Edition | 15 Dec 2009 | 2:45 am Three holiday gifts to give yourself1. The book that explains how Wall Street really worksSource: Business and financial news - CNNMoney.com | 15 Dec 2009 | 2:44 am Judge could dismiss charges in Broadcom backdatingA federal judge will consider Tuesday whether allegations of prosecutorial misconduct are serious enough to warrant throwing out a fraud and conspiracy case against Broadcom Corp.'s former...Source: RSS feed - channel BNewsBusiness | 15 Dec 2009 | 2:43 am Jon Moulton's Better Capital to raise £142m in Aim floatJon Moulton's new investment vehicle to invest in distressed businesses will start trading on Aim on Thursday.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 2:41 am Inflation soars to 1.9% on rising fuel pricesInflation surged to 1.9 per cent in November, above forecasts of a rise to 1.7 per cent, on a sharp increase in transport costs. Source: Latest Business News from Times Online | 15 Dec 2009 | 2:41 am Wells Fargo to repay $25 billion bailoutWells Fargo said Monday it has reached an agreement with the government to return $25 billion in bailout money it received during last year's financial crisis.Source: Business and financial news - CNNMoney.com | 15 Dec 2009 | 2:37 am Airline industry to lose $5.6 billion in 2010: IATAGENEVA (Reuters) - Airlines will sell more seats in 2010 as a result of the recovering global economy, but rising fuel prices and pressure on yields are likely to keep them in the red, the...Source: RSS feed - channel BNewsBusiness | 15 Dec 2009 | 2:32 am Stocks to ease at the openStocks were headed for a lower open Tuesday as investors await reports on manufacturing and inflation as the Federal Reserve begins its last policy meeting of the year.Source: Business and financial news - CNNMoney.com | 15 Dec 2009 | 2:28 am Eurozone worries hit euro, weigh on world stocksLONDON (Reuters) - The euro hit a 2-1/2 month low against a broadly firmer dollar on Tuesday while world stocks slipped as concerns grew about the European banking sector and the fiscal health of Greece.Source: Reuters: Business News | 15 Dec 2009 | 2:28 am Kraft challenges Cadbury's upbeat forecastKraft claims the U.K. chocolate producer is being ambitious over targets it’s never previously achieved.
Source: MarketWatch.com - Top Stories | 15 Dec 2009 | 2:20 am Cosmens spend £74m to back National ExpressNational Express today completed its £360 million rights issue after Spain's Cosmen family, its biggest shareholder, agreed to back the deal. Source: Latest Business News from Times Online | 15 Dec 2009 | 2:19 am Judge could toss charges in Broadcom backdatingBroadcom Corp.'s former chief financial officer will soon find out whether a judge will toss federal charges against him because of alleged government misconduct. William Ruehle's...Source: RSS feed - channel BNewsBusiness | 15 Dec 2009 | 2:15 am Carpetright reports best growth since 2004Carpetright, Britain's biggest floor coverings retailer which is considered a barometer of the mood on the high street, said it had returned to sales growth as it reported pre-tax profits rose 15.8 per cent to £11 million in the first six months of its financial year. Source: Latest Business News from Times Online | 15 Dec 2009 | 2:10 am Media Digest 12/15/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) will pay back TARP funds. Reuters: Kraft (NYSE:KFT) says it will be disciplined in its Cadbury (NYSE:CBY) buy-out effort. Reuters: Some of AIG’s (NYSE:AIG) top staff are struggling financially. Reuters: Geithner said the US would make a profit on TARP. Reuters: Goldman Sachs (NYSE:GS) faces a lawsuit over bonuses. Reuters: Citigroup pay and bonus [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Dec 2009 | 2:00 am Europe Markets: ArcelorMittal, autos gain in steady EuropeShares of steelmaker ArcelorMittal and several automakers gained in Europe on Tuesday, offsetting losses for banks.
Source: MarketWatch.com - Top Stories | 15 Dec 2009 | 1:59 am Kraft stands firm on Cadbury bid approachLONDON (Reuters) - Kraft Foods has vowed to maintain discipline in its pursuit of British chocolatier Cadbury, suggesting the U.S. group will resist raising the level of its hostile approach.Source: Reuters: Business News | 15 Dec 2009 | 1:57 am Kraft dismisses latest Cadbury defence as lacking surprisesUS company dismisses Cadbury's latest bid defence for containing no surprises.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 1:52 am MAN SE stock jumps on report that bid from VW loomsFRANKFURT (Reuters) - Talk that Volkswagen will make a full takeover bid for German truckmaker MAN SE swelled on Tuesday when a German newspaper cited an unidentified company executive as saying an offer was looming.Source: Reuters: Business News | 15 Dec 2009 | 1:41 am London shares slip backLondon equities eased back on Tuesday, with a smattering of bid activity providing some distraction ahead of important economic data. Whitbread, owner of the Premier Inn hotel chain and the Costa Coffee...Source: RSS feed - channel BNPaperBusiness | 15 Dec 2009 | 1:40 am BA shares fall 2.6pc as investors digest impact of Christmas strikeBritish Airways shares fell 2.6pc as markets digested financial impact of 12-day Christmas strike.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 1:36 am Asia Markets And Europe Open (12/15/2009)Markets in Asia fell. The Nikkei was off .2% to 10,083. The Hang Seng fell 1.2% to 21,814. The Shanghai Composite was off .9% to 3,274. At the open in Europe, The FTSE was up .2% to 5,327. Rio Tinto (NYSE:RTP) rose. The Dax was up .4% to 5,827. The CAC 40 rose .3% to 3,841. Data from MarketWatch and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Dec 2009 | 1:29 am FTSE steady at open (AFP)
Source: Yahoo! News: Stock Markets News | 15 Dec 2009 | 1:21 am The Market Returns To Gambling: IPOs To Triple In 2010The DJIA went above 10,500 for the first time in fourteen months yesterday. The impressive part of that move is the one from under 6,550 in early March to the current level. It is easy to argue that such a surge is too much too fast. Optimists defend the advance by explaining that the economy [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Dec 2009 | 1:17 am Ice sculpture business wants sales to heat upIce Bulb of Newport Beach needs to first figure out whether customers are willing to pay more for the quality of ice, designs and installation that it provides, a consultant says. ...Source: RSS feed - channel BNPaperBusiness | 15 Dec 2009 | 1:00 am BUSINESS BRIEFINGIMac delays blamed on its popularitySource: RSS feed - channel BNPaperBusiness | 15 Dec 2009 | 1:00 am Ice sculpture business wants sales to heat upIce Bulb of Newport Beach needs to first figure out whether customers are willing to pay more for the quality of ice, designs and installation that it provides, a consultant says.Marc Entin started his ice sculpture business just as the weakened economy melted demand for high-end party decorations. ¶ His Newport Beach company, Ice Bulb, has had a hard time selling the ice chandeliers, frozen furniture and ice-ball curtains that he thought would sustain the firm when he founded it 18 months ago. ¶ The recession has prompted many of Ice Bulb's potential customers to chip ice sculpture and decor out of their newly squeezed event budgets. ¶ And despite his focus on what he says are top-quality products and white-glove installation, and generous but expensive insurance coverage, Entin has had trouble explaining why his products often cost 30% more than the competition's. ¶ Most of his jobs have been on the small side: Customers are more willing to spend $300 to $500 for a bar or other drinking paraphernalia made out of ice than to lay out as much as $8,000 for a roomful of ice furniture. ¶ The number of jobs has also lagged below what he needs to turn a consistent profit, he said. ¶ The company has averaged about 15 to 18 orders a month, he said.
Source: L.A. Times - Business | 15 Dec 2009 | 1:00 am Jeffrey Gundlach to launch new investment firmThe star bond fund manager fired by L.A. money manager TCW Group this month will partner with Oaktree Capital Management, a group of former TCW executives.Ousted by Los Angles financial giant TCW Group, star bond fund manager Jeffrey Gundlach on Monday turned to a firm whose executives had their own bitter breakup with TCW nearly 15 years ago.
Source: L.A. Times - Business | 15 Dec 2009 | 1:00 am Exxon Mobil places hefty bet on natural gasThe oil giant will pay $29 billion for XTO Energy -- and the promise of unlocking massive new energy reserves from shale.Exxon Mobil Corp.'s purchase of a Texas natural gas producer for $29 billion could reshape the U.S. energy landscape, setting the stage for the fuel to challenge coal in the nation's electrical grid and helping to alleviate American dependence on foreign oil.
Source: L.A. Times - Business | 15 Dec 2009 | 1:00 am Rags brought riches to Guess co-founder Georges Marciano, but now he faces ruinConvinced that some employees stole from him, Marciano initiated lawsuits that backfired when a judge instead ordered him to pay the accused employees hundreds of millions of dollars in damages.The buses that ferry tourists past the homes of celebrities used to slow to a roll outside a Beverly Hills mansion with 11 Ferraris parked just inside the gates. Georges Marciano lives here, the gawking customers were told. You know, Guess Jeans.
Source: L.A. Times - Business | 15 Dec 2009 | 1:00 am An LLC may not be appropriate for your projectDear Karen: I am writing a screenplay and plan to shoot the film next fall. When should I open the LLC?
Source: L.A. Times - Business | 15 Dec 2009 | 1:00 am Rumors fly as Google workers test new cellular phoneThe Internet search giant drops fresh clues that it plans to market its own 'unlocked' mobile device.Google Inc. has been letting its employees test a new cellphone that could be rolled out to consumers as soon as next month, potentially marking its first foray into the business of selling mobile phones.
Source: L.A. Times - Business | 15 Dec 2009 | 1:00 am Rumors fly as Google workers test new cellular phoneThe Internet search giant drops fresh clues that it plans to market its own 'unlocked' mobile device. Google Inc...Source: RSS feed - channel BNPaperBusiness | 15 Dec 2009 | 1:00 am Exxon Mobil places hefty bet on natural gasThe oil giant will pay $29 billion for XTO Energy -- and the promise of unlocking massive new energy reserves from shale. ...Source: RSS feed - channel BNPaperBusiness | 15 Dec 2009 | 1:00 am Lady Gaga is using her pipes for pitchesThe singer's 'Bad Romance' video shows her promotional side.Nothing has been as sticky. No other advert, print or video or Web, no tweet or blog, billboard or word of mouth, has so thoroughly knitted itself into my merchandise-buying neurons. I'm fully bought-in, invested. Ebola isn't as viral. My wallet is open and its tongue is hanging out.
Source: L.A. Times - Business | 15 Dec 2009 | 1:00 am Abu Dhabi rescues Dubai with $10-billion bailoutWorld markets rise on the news. Even though the aid will cover a payment due Monday, spendthrift Dubai remains heavily in debt. ...Source: RSS feed - channel BNPaperBusiness | 15 Dec 2009 | 1:00 am Obama exhorts top bankers to fulfill duty to taxpayers, economyAt the White House, the president tells executives to go beyond paying back taxpayer funds by 'finding ways to help creditworthy small and medium-sized businesses get the loans that they need.'Even as major banks scramble to repay billions of dollars in taxpayer aid, President Obama took the nation's top bankers aside Monday and implored them to do more to get people back to work and Main Street vibrant again.
Source: L.A. Times - Business | 15 Dec 2009 | 1:00 am Stocks rise to 2009 highs after Dubai, Exxon dealsThe Dow manages a modest gain. It and other major indexes set new highs for the year. An easing of concerns about debt problems overseas...Source: RSS feed - channel BNPaperBusiness | 15 Dec 2009 | 1:00 am Rags brought riches to Guess co-founder Georges Marciano, but now he faces ruinConvinced that some employees stole from him, Marciano initiated lawsuits that backfired when a judge instead ordered him to pay the accused employees hundreds of millions of dollars in damages. ...Source: RSS feed - channel BNPaperBusiness | 15 Dec 2009 | 1:00 am Obama exhorts top bankers to fulfill duty to taxpayers, economyAt the White House, the president tells executives to go beyond paying back taxpayer funds by 'finding ways to help creditworthy small and medium-sized businesses get the loans that they need.' ...Source: RSS feed - channel BNPaperBusiness | 15 Dec 2009 | 1:00 am Kraft warns Cadbury shareholdersKraft Foods warns Cadbury's shareholders they will be "taking a risk" if they support Cadbury as a standalone company.Source: BBC News | Business | World Edition | 15 Dec 2009 | 12:59 am Dubai, Abu Dhabi stock markets riseStock markets in the United Arab Emirates opened stronger on Tuesday as sentiment improved on the back of Dubai's $10bn debt relief from Abu Dhabi.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 12:58 am Wells Fargo to repay US bail-outUS bank Well Fargo says it will pay back the $25bn emergency funding it received under the Troubled Asset Relief Program.Source: BBC News | Business | World Edition | 15 Dec 2009 | 12:55 am Dubai stocks rebound on Abu Dhabi rescueMarkets in Dubai continued to recover this morning following yesterday’s decision by Abu Dhabi to throw Dubai World a $10 billion lifeline.$ Source: Latest Business News from Times Online | 15 Dec 2009 | 12:38 am Inflation expected to have edged closer to 2pcInflation is expected to have edged closer to 2pc last month as the sharp drop in oil prices seen last autumn is not repeated, economists said ahead of official figures.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 12:36 am Kraft tears apart Cadbury's hostile bid defenceKraft Foods today attacked Cadbury's defence to its £10 billion hostile bid, claiming the British chocolatier was asking shareholders to put their faith in long-term growth targets "never before achieved” and “subject to significant risk and uncertainty." Source: Latest Business News from Times Online | 15 Dec 2009 | 12:28 am Commodity prices push Aussie market higherSYDNEY- The Australian share market closed higher with the energy and mining sectors leading the way on stronger commodity prices and merger activity.At 1615 AEDT the benchmark S&P/ASX200 index was up 19.5 points, or 0.42 per...Source: nzherald.co.nz - Business | 15 Dec 2009 | 12:13 am House prices rise in NovemberHouse prices continued to rise during November, research showed today.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 12:07 am Japan delays decision on Okinawa baseYukio Hatoyama, Japan’s prime minister, has shrugged off pressure from the US to implement a controversial marine base relocation agreement quickly, agreeing instead with junior coalition partners to delay a decisionSource: Financial Times - US homepage | 14 Dec 2009 | 11:57 pm NZ dollar steady in US72c rangeA quiet day on the currency markets saw little change in the New Zealand dollar today, with light volumes traded and little movement expected until the European markets opened later tonight.Against the greenback, the kiwi traded...Source: nzherald.co.nz - Business | 14 Dec 2009 | 11:56 pm Major stocks pull NZ shares higherThe NZX-50 had a quiet day today, pulled higher by reasonably-well performing major stocks."The market at this time of year is particularly quiet," Stephen Walker, Goldman Sach JBWere head of funds management, said.Reasonable...Source: nzherald.co.nz - Business | 14 Dec 2009 | 11:51 pm Cut the cost of breakdown coverTravelling without breakdown cover could be costly.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 14 Dec 2009 | 11:50 pm Currencies: Dollar shows modest strength ahead of FOMCThe dollar is slightly stronger against the Japanese yen and the euro, as traders weigh its potential against a heavy news backdrop and ahead of a monetary policy decision by the U.S. Federal Reserve.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 11:49 pm Where was the smart money in 2009?smart investors have managed to make money regardless of the prevailing recession and economic doom and gloom.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 14 Dec 2009 | 11:44 pm 7 ways to beat the tax hikeYour pre-Budget report primer to outwit the Chancellor. Ian Cowie asks the expertsSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 14 Dec 2009 | 11:31 pm Finance company director sentenced for misleading statementsBrian Clegg, the director of failed finance company Clegg and Co Finance Limited (In Receivership) was sentenced in the Auckland District Court today for six offences against the Companies Act and the Securities Act. Mr Clegg...Source: nzherald.co.nz - Business | 14 Dec 2009 | 10:18 pm Wells Fargo proves last big bank to repay TARPWells Fargo says it’s won approval for a deal to repay the $25 billion it secured last year under the Troubled Asset Relief Program, becoming the last major U.S. lender to announce plans to pay back the government funds.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 10:07 pm Year-end bonuses join endangered species listAt U.S. workplaces, the holidays just aren't what they used to be. Companies are scaling back on holiday parties, if they're having one at all, and the annual holiday bonus -- a Christmas tradition for some workers -- is no longer so traditional.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 10:05 pm Paul B. Farrell: It's world war in 2030 if Obama fails climate testIf Obama fails to become a game-changer in Copenhagen, the climate conference will fail. And without a long-term economic strategy and a leader, we may not survive into the next century.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 10:01 pm David Weidner's Writing on the Wall: Bob Diamond: The ex-pat king of Wall StreetBarclays President Bob Diamond chooses his words carefully these days. He doesn’t offer a thought or an opinion that hasn’t been considered and rehearsed.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 10:01 pm Diary of a Recession Baby: It's hard to find a date for the nanny-share danceI’ve been dumped. Stephanie was nice about it, but the message was clear: I’m just not that into you, or your baby.
Source: MarketWatch.com - Top Stories | 14 Dec 2009 | 10:01 pm Telecom breached ad standards: ASATelecom has been slapped on the hand by the Advertising Standards Authority over claims made in two of its brochures. Complaints were lodged by market newcomer 2degrees, which specialises in the prepaid market. Telecom's in-store...Source: nzherald.co.nz - Business | 14 Dec 2009 | 9:30 pm Citigroup, Wells Fargo to pay back U.S.NEW YORK (Reuters) - Citigroup Inc and Wells Fargo & Co said they were paying back funds to the U.S. government, in transactions that will end taxpayers' capital support of the biggest U.S. banks much sooner than had been expected just weeks ago.Source: Reuters: Business News | 14 Dec 2009 | 8:10 pm Citigroup, Wells Fargo to pay back U.S. (Reuters)
Source: Yahoo! News: Business | 14 Dec 2009 | 8:09 pm Calls to drop Medicare change intensifySenate Democrats are preparing to drop a compromise health-care plan that would allow 55- to 64-year-olds to buy into Medicare because of opposition from Connecticut Sen. Joe Lieberman, two senior Democratic sources said Monday.Source: Business and financial news - CNNMoney.com | 14 Dec 2009 | 7:46 pm Treasury more upbeat about growth, says EnglishThe Treasury has joined the growing consensus in revising up their economic forecasts, saying New Zealand came through the global financial crisis in better shape than most of its traditional trading partners, though there are still...Source: nzherald.co.nz - Business | 14 Dec 2009 | 7:30 pm Geithner: TARP to earn healthy profit for U.SWASHINGTON (Reuters) - Plans from Wells Fargo & Co and Citigroup to repay taxpayer funds will put the U.S. government on track to reduce its bailout investments in banks by more than 75 percent, while earning a healthy profit for the U.S., Treasury Secretary Timothy Geithner said on Monday.Source: Reuters: Business News | 14 Dec 2009 | 7:30 pm Surge in Eftpos, credit card purchases up to ChristmasA surge of Eftpos and credit card transactions shows New Zealanders are picking up the purchasing pace in the lead-up to Christmas.Electronic transactions using the Paymark network showed the volume of national transactions have...Source: nzherald.co.nz - Business | 14 Dec 2009 | 7:00 pm How Tiger Woods' troubles will hurt golfTiger Woods' much-publicized marital problems have started to cost him money. But they're probably going to hurt the pro golf tour, and its various sponsors and broadcasters, even more.Source: Business and financial news - CNNMoney.com | 14 Dec 2009 | 6:40 pm Strategic warns on repaymentStrategic Finance has warned investors not to rely on receiving a payment due next month as part of the finance firm's moratorium plan.Strategic, which owes 15,000 investors $325 million, entered a moratorium last December agreeing...Source: nzherald.co.nz - Business | 14 Dec 2009 | 6:30 pm Goldman faces lawsuit over anticipated bonusesNEW YORK (Reuters) - Goldman Sachs Group Inc is being sued by an institutional investor who claims the firm is preparing to pay out improper bonuses.Source: Reuters: Business News | 14 Dec 2009 | 6:20 pm Obama tells US banks to lend morePresident Barack Obama tells US bankers to increase business loans, and warns them not to thwart regulatory reform.Source: BBC News | Business | World Edition | 14 Dec 2009 | 6:17 pm US banks to repay rescue fundsCitigroup and Wells Fargo unveiled plans to sell a total of up to $30bn in stock and return a combined $45bn to US taxpayers in a move that will free them from heightened government supervision but could hit shareholdersSource: Financial Times - US homepage | 14 Dec 2009 | 5:29 pm Limited Brands CFO to join Progressive board (AP)AP - Auto insurer Progressive Corp. said Monday that Stuart Burgdoerfer, chief financial officer of retailer Limited Brands Inc., has been named to fill a vacancy on Progressive's board.Source: Yahoo! News: Business | 14 Dec 2009 | 5:14 pm House prices up on lack of supplyHouse prices are still being driven up by a relative shortage of properties for sale, a surveyors body says.Source: BBC News | Business | World Edition | 14 Dec 2009 | 5:02 pm BA passengers advised to wait and see if strike goes aheadTravellers who have booked British Airways flights during the planned strikes from December 22 to January 2 are being advised to hold on tight and wait to hear from the airline to see exactly what is happening to their particular service. Source: Latest Business News from Times Online | 14 Dec 2009 | 5:01 pm Car help scheme yet to give fundsA £2.3bn government scheme to provide funding for UK carmakers has yet to help a single firm, MPs report.Source: BBC News | Business | World Edition | 14 Dec 2009 | 5:01 pm From Tiny acorns ... Lonrho hopes for giant growthLonrho, the conglomerate once led by Tiny Rowland, and which was nearly wound up four years ago, is seeking to restore some of the wealth and power it enjoyed during its heyday in the 1980s. Source: Latest Business News from Times Online | 14 Dec 2009 | 5:01 pm Asda pinches Sainsbury’s own-label sloganIn the annals of retailing, it is common for rivals to steal each other’s clothes, ideas and customers. Less common, is actually stealing a catchphrase. Source: Latest Business News from Times Online | 14 Dec 2009 | 5:01 pm BA strike threatens 12 days of Christmas chaos with no Unite dealThey came in high heels, Ugg boots and full make-up to learn if their union’s call to strike would proceed. If the Unite members meeting at Sandown Park Racecourse yesterday were a far cry from the industrial heavyweights of the 1970s, their dispute may yet become every bit as intractable. Source: Latest Business News from Times Online | 14 Dec 2009 | 5:01 pm ExxonMobil shifts strategy with XTO takeoverExxonMobil has signalled a significant shift in strategy with a deal to pay $31bn (£19bn) in stock for XTO Energy, which will give the world’s biggest publicly listed oil company a large position in domestic natural gasSource: Financial Times - US homepage | 14 Dec 2009 | 4:43 pm No New CEO For B of A, Wells Fargo Repays TARPCitigroup’s (NYSE:C) announcement that it will pay back its TARP funds was not enough news for the day from the banking sector. Bank of America (NYSE:BAC) will not hire Robert Kelly current CEO of Bank of New York Mellon (NYSE:BK) He does not want Ken Lewis’s job. Wells Fargo (NYSE:WFC) has disclosed that it will pay its [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Dec 2009 | 4:41 pm Podcast: Adam Smith and The Not So Invisible Hand?
Amartya Sen discusses his new book, 'The Idea of Justice' (Bikas Das/AP Images)
On today's Planet Money: Adam Davidson and Alex Blumberg chat with Amartya Sen, a Nobel Prize Laureate in Economics, about his new book, The Idea of Justice, and its critique of the theory of social justice. Sen spends time in his book, and on the podcast, talking about what he sees as common misinterpretations of Adam Smith's oft-cited but perhaps more complex embrace of an absolute free market. Download the podcast; or subscribe. Music: Kanye West's "Champion." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 14 Dec 2009 | 4:36 pm Obama tells bankers it's payback timeWASHINGTON (Reuters) - President Barack Obama told top U.S. bankers on Monday they owed it to the country to help lift the economy out of crisis by lending more money to small businesses in need and embracing financial reforms.Source: Reuters: Business News | 14 Dec 2009 | 4:24 pm Beatles boomWhy is troubled EMI still dependant upon old music?Source: BBC News | Business | World Edition | 14 Dec 2009 | 4:23 pm Fast Food, Banking Financials, Options: Taking Stock PodcastSource: Bloomberg - All Podcasts | 14 Dec 2009 | 4:22 pm 7 hottest gadgetsOur buying guide for the season's hottest gadgets, from e-readers to accessories for your home theater.Source: Business and financial news - CNNMoney.com | 14 Dec 2009 | 4:18 pm Bank of America flings $5 billion at small bizBank of America pledged Monday to increase its lending to small and medium sized businesses by $5 billion next year. The announcement immediately followed a White House meeting at which President Obama pressured the nation's biggest bailed-out banks to start reinvesting in the rest of the economy.Source: Business and financial news - CNNMoney.com | 14 Dec 2009 | 4:16 pm How the major stock indexes fared on Monday (AP)AP - Easing concerns about debt problems overseas and a $29 billion takeover deal by Exxon Mobil Corp. nudged major stock indexes to new highs for the year. The market climbed Monday after the Middle Eastern city-state of Abu Dhabi extended $10 billion to nearby Dubai to help the emirate make debt payments. Meanwhile, Exxon Mobil said it would acquire XTO Energy Inc.Source: Yahoo! News: Stock Markets News | 14 Dec 2009 | 4:09 pm Write-Offs: 12.14.09$$$ Wells Fargo to Repay Entire $25 Billion TARP Investment; Announces $10.4 Billion Common Stock Offering [BusinessWire] $$$ Nominees for the 2009 Bernie Awards: Joe Cassano, Ken Lewis, Bernie Madoff, Raj Rajaratnam, Allen Stanford. [ABC News] $$$ Tiger Mistress: 'I Had No Idea That the Scale Was This Large' [Daily Intel] $$$ Barclays To Defer 60% of Bonuses [Telegraph] $$$ Matt Taibbi: Sorry Mainstream Journalists, I Don't Have To Be Two-Sided Like You Guys Do [BI] 
 Source: Dealbreaker | 14 Dec 2009 | 4:05 pm Nasdaq to remove 3 companies from exchange (AP)AP - The Nasdaq Stock Market on Monday said it will delist the stocks of three small companies: Teton Energy Corp., Altus Pharmaceuticals Inc., and UCBH Holdings Inc.Source: Yahoo! News: Stock Markets News | 14 Dec 2009 | 4:04 pm Sharemarket starts with a liftEarly gains by leading stocks helped the New Zealand sharemarket start today's trading with a lift.After yesterday falling to a three-month low at $7.55, and closing down 18c at $7.60, Fletcher Building shares were up 7c early...Source: nzherald.co.nz - Business | 14 Dec 2009 | 4:04 pm Stocks rise to 2009 highs after Dubai, Exxon deals (AP)
Source: Yahoo! News: Stock Markets News | 14 Dec 2009 | 3:45 pm Protesters at Chase NYC offices, want mortgage aid (AP)AP - Hundreds of people have entered the JPMorgan Chase & Co. offices to protest what they say is the bank's insufficient efforts to help struggling homeowners save their homes.Source: Yahoo! News: Business | 14 Dec 2009 | 3:43 pm Exxon Mobil, Citigroup, Oracle 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 | 14 Dec 2009 | 3:40 pm Citi's 2009 pay and bonus cuts to stay in placeWASHINGTON (Reuters) - Cuts in 2009 pay and bonuses for Citigroup's top 100 executives ordered by the Obama administration's pay czar will remain in place despite the bank's deal to exit the government's bailout program, a Treasury official said on Monday.Source: Reuters: Business News | 14 Dec 2009 | 3:38 pm Citi's 2009 pay and bonus cuts to stay in place (Reuters)Reuters - Cuts in 2009 pay and bonuses for Citigroup's top 100 executives ordered by the Obama administration's pay czar will remain in place despite the bank's deal to exit the government's bailout program, a Treasury official said on Monday.Source: Yahoo! News: Business | 14 Dec 2009 | 3:38 pm Dubai meltdown averted with $10b bailoutDUBAI- Oil-rich Abu Dhabi pumped $US10 billion into its indebted neighbour overnight, sending stocks soaring while sparing Dubai and the rest of the Emirates federation the humiliation of an imminent default by one of the struggling...Source: nzherald.co.nz - Business | 14 Dec 2009 | 3:30 pm Jamie Dimon Hasn't Jammed In Over A Year
Source: Dealbreaker | 14 Dec 2009 | 3:03 pm Bank of New York Chief: Not Interested In BofA GigBob Kelly has officially, seriously this time, added himself to the list of people who do not want Ken Lewis's job. Blow of the sad trombone and back to the drawing board for BAC. Is this Thain's moment? Earlier: Guy Who Had To Take Restraining Order Out On Bank Of America May Be Interested In Running The Place
Source: Dealbreaker | 14 Dec 2009 | 2:51 pm TSX rides energy and banks to higher close (Reuters)Reuters - Toronto's main stock index rose to a one-week high on Monday as a takeover by Exxon Mobil raised optimism about energy sector acquisitions, while an Abu Dhabi aid package for Dubai helped spark financials.Source: Yahoo! News: Stock Markets News | 14 Dec 2009 | 2:42 pm TSX rides energy and banks to higher close (Reuters)Reuters - Toronto's main stock index rose to a one-week high on Monday as a takeover by Exxon Mobil raised optimism about energy sector acquisitions, while an Abu Dhabi aid package for Dubai helped spark financials.Source: Yahoo! News: Business | 14 Dec 2009 | 2:42 pm Top 50 Websites Dominated By Search And E-Mail (GOOG)(YHOO)(MSFT)(AOL)The Top Fifty websites based on their percent of US online visits from January to November 2009 are dominated by search and e-mail. The top dozen sites according to data from Hitwise include the Yahoo! (NASDAQ:YHOO) Mail, MSN (NASDAQ:MSFT) Mail, Google’s (NASDAQ:GOOG) and AOL (NYSE:AOL) Mail, in that order. Search destinations Google, Yahoo!, search Yahoo!, and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 14 Dec 2009 | 2:40 pm The Crisis in Pictures
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. It's fun watching all the different ways people come up with for visually explaining the crisis. This arrived in our inbox today from listener Fergus Caldicott (thanks!) » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 14 Dec 2009 | 2:36 pm Rival EMI bidders dispute Hands lawsuitChallenge to the account of events set out in a lawsuit filed by the private equity firm Terra Firma against CitigroupSource: Financial Times - US homepage | 14 Dec 2009 | 2:29 pm We Will Probably Never Find Out The True Shape Of Jeffrey Epstein's Penis
Jeffrey Epstein's penis cannot be examined by lawyers for women who say the billionaire sex offender abused them, a Palm Beach, Fla., judge ruled Monday.
Source: Dealbreaker | 14 Dec 2009 | 2:11 pm 52-Week High Club (V, XTO, CAMD)California Micro Devices Corp. (NASDAQ: CAMD) surged over 53.11% to a yearly high of $4.67 after the chipmaker agreed to be bought out by ON Semiconductor Corp. (NASDAQ: ONNN) for $4.70 a share. Visa Inc. (NYSE: V) jumped over 5.6% to a yearly high of $85.91. The world’s biggest electronic payments network will be joining 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 | 2:07 pm Judge considers restricting Wells Fargo lawsuit (AP)AP - A federal judge suggested Monday that he might restrict the scope of a first-of-its kind lawsuit filed by the city of Baltimore against mortgage giant Wells Fargo Bank N.A.Source: Yahoo! News: Business | 14 Dec 2009 | 1:54 pm Obama Tells Bankers to Open Their WalletsBy Daniel Costello Even as another major bank announced it was repaying its bailout money, President Obama today told, and perhaps scolded, the heads of the largest financial institutions visiting the White House Monday to return taxpayer money in other ways - namely new loans to small businesses that are key to improving the job market. It's unclear how large banks could help that effort, since most loans to small businesses come from smaller community banks. "My main message in today's meeting was very simple: that America's banks received extraordinary assistance from American taxpayers to rebuild their industry, and now that they're back on their feet we expect an extraordinary commitment from them to help rebuild our economy," Obama said after a White House meeting today that he described as "candid and productive." The meeting came after Citigroup announced early Monday it had reached a deal with the Treasury Department to repay $20 billion in bailout money. With many banks repaying their bailout money sooner than expected, the administration said it anticipated losses would be $200 billion less than expected. The Administration wants to use some of that money to spur small business lending. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 14 Dec 2009 | 1:46 pm Paul Samuelson, Nobel Economics Laureate, Dies at 94: AudioSource: Bloomberg - All Podcasts | 14 Dec 2009 | 1:34 pm Spotted: Ruth Madoff Getting Her Tan On
Hey DB-- *That pic is of Lady MacMadoff in better days, not this afternoon, though it sounds like things are looking up.
Source: Dealbreaker | 14 Dec 2009 | 1:24 pm Obama presses banks to boost lendingPresident Obama told the US’s top bankers that they had a ‘special responsibility’ to help spur on the economic recovery after they received government bail-outs last year, urging them to increase lending to small businesses and mortgage refinancingSource: Financial Times - US homepage | 14 Dec 2009 | 1:18 pm China eclipses US in IPOsChinese stock exchanges raised double the amount of money secured by IPOs across the US showing how activity is shifting from west to eastSource: Financial Times - US homepage | 14 Dec 2009 | 1:08 pm Turkcell Raised to `Buy' at Goldman Sachs: AudioSource: Bloomberg - All Podcasts | 14 Dec 2009 | 12:56 pm Wheeler Sees Investor Preference for Silver, Gold ETFs: AudioSource: Bloomberg - All Podcasts | 14 Dec 2009 | 12:55 pm Financial issues cut into Red CrossThe American Red Cross is struggling with an overall drop in donations, and it also faces extra financial challenges. John Dimsdale reports.Source: Marketplace | 14 Dec 2009 | 12:45 pm Google makes noise with new phoneGoogle may soon get into the business of producing its own phone. Technology writer Peter Rojas talks with Kai Ryssdal about what this might mean for consumers.Source: Marketplace | 14 Dec 2009 | 12:45 pm What makes climate deal so hard to do?A standoff between developing nations and rich countries brought talks to a halt in Copenhagen. Sam Eaton reports on where the money for a climate treaty is going to come from.Source: Marketplace | 14 Dec 2009 | 12:45 pm Student loan defaults may hurt schoolsNew figures show students who attend for-profit colleges default at much higher rates than those at nonprofit schools. If those default rates get too high, schools can be kicked out of federal loan and grant programs. Nancy Marshall Genzer reports.Source: Marketplace | 14 Dec 2009 | 12:45 pm How will Tiger's scandal impact brands?The Tiger Woods scandal has hurt his billion-dollar brand. Companies from Nike to Gillette have invested big in Tiger. Where do they go from here? Stacey Vanek-Smith reports.Source: Marketplace | 14 Dec 2009 | 12:45 pm Exxon sees gas potential in XTO dealExxonMobil will buy XTO Energy is a stock deal worth $41 billion. Sarah Gardner reports the corporate takeover signals a shift away form oil and coal.Source: Marketplace | 14 Dec 2009 | 12:45 pm Days of plain, boring banking are overWhy is so much of what happens in the economy still tied up with Wall Street's banks? Douglas Elliott of the Brookings Institution talks with Kai Ryssdal about when that might change.Source: Marketplace | 14 Dec 2009 | 12:45 pm Harmonic shares rise on upgrade (AP)AP - Shares of Harmonic Inc., a provider of broadcast and video delivery systems, rose Monday after a CL King analyst upgraded the stock, citing positive factors including rising orders in India and China.Source: Yahoo! News: Stock Markets News | 14 Dec 2009 | 12:43 pm Abu Dhabi comes to aid of 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 | 12:39 pm Twelve Huge M&A Deals For 2010: The Stuff That Dreams Are Made OfM&A activity picked up in the second half of 2009 as the market moved up and access to capital for big companies improved. Corporate debt offerings soared and banks began to make capital available for deals such as the proposed Kraft (NYSE:KFT) offer to buy Cadbury. Kraft has already lined up bridge loans for 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 | 11:48 am "You Always Match The Shirt And Pants To The Horse? No, Really? Yes, Vikram, Always."
Related: Prince Alwaleed's Ponies
Source: Dealbreaker | 14 Dec 2009 | 11:48 am Presented By:Source: Dealbreaker | 14 Dec 2009 | 11:48 am 10 Biggest White-Collar Crimes In History (and How They Were Unravelled)They may sit behind marble desks, wearing expensive suits, with their ties done up to 11 o’ clock – but that doesn’t mean they won’t… steal your cash! Here’s our rundown of the most mind-boggling financial crimes in history.
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