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Europe Markets: Stocks in Europe extend gains after economic dataPositive economic data drive gains for European stocks.
Source: MarketWatch.com - Top Stories | 16 Dec 2009 | 3:38 am Laid-off Wall Streeters take stock, start fresh (AP)AP - It's been a long, dry spell for many of the Wall Streeters who were handed their pink slips eight months ago or longer.Source: Yahoo! News: Stock Markets News | 16 Dec 2009 | 3:37 am UK jobless rise continues to slowThe UK jobless total rose to 2.49 million in the three months to October, but the claimant count fell unexpectedly in November.Source: BBC News | Business | World Edition | 16 Dec 2009 | 3:35 am Philips' fourth-quarter sales to rise sequentiallyThe consumer electronics group says an improving trend at its consumer lifestyle division is continuing.
Source: MarketWatch.com - Top Stories | 16 Dec 2009 | 3:21 am Unite accuses BA in strike talksThe union Unite accuses British Airways of refusing to meet its representatives for talks over impending cabin crew strikes.Source: BBC News | Business | World Edition | 16 Dec 2009 | 3:19 am Fed to keep policy steady despite improving dataWASHINGTON (Reuters) - The U.S. Federal Reserve is expected to stick to its super loose monetary policy stance on Wednesday as high unemployment constrains policy-makers' enthusiasm about the economy's recent improvement.Source: Reuters: Business News | 16 Dec 2009 | 3:17 am U.S. forgoes billions in tax on Citi: reportNEW YORK (Reuters) - The U.S. government "quietly" agreed not to collect billions of dollars in potential taxes from Citigroup Inc as part of its deal to allow the bank to repay its taxpayer bailout, The Washington Post reported.Source: Reuters: Business News | 16 Dec 2009 | 3:14 am Australian rates 'back to normal'Australia's central bank has surprised financial analysts by saying that interest rates are now "back in the normal range".Source: BBC News | Business | World Edition | 16 Dec 2009 | 3:14 am Regulators to give banks Basel grace period: sources (Reuters)Reuters - Global regulators will give banks a grace period before forcing them to implement stricter capital rules, three people said on Wednesday, easing concerns that lenders might need to issue massive amounts of shares in the near future.Source: Yahoo! News: Business | 16 Dec 2009 | 3:14 am Regulators to give banks Basel grace period: sourcesTOKYO/FRANKFURT (Reuters) - Global regulators will give banks a grace period before forcing them to implement stricter capital rules, three people said on Wednesday, easing concerns that lenders might need to issue massive amounts of shares in the near future.Source: Reuters: Business News | 16 Dec 2009 | 3:14 am The Biggest Online Winners And Losers For 2009: EBay Traffic CollapseSome of the largest websites in the country had extraordinary swings in their audiences in 2009. Many of the most well-known web destinations lost large portions of their traffic Based on data from HitWise comparing US traffic market share from January to figures from November Ebay (NASDAQ:EBAY) lost 37% of its visitors. Craigslist lost 43% of its traffic, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Dec 2009 | 3:09 am Watford close to administrationWatford Football Club stands on the brink of administration following demands from creditors for £4.9m in outstanding loans.Source: BBC News | Business | World Edition | 16 Dec 2009 | 3:01 am London Markets: U.K. stocks rise on economic optimismThin trading conditions prevail in London as traders bet that the recovery in the economy can continue without interest rates being raised.
Source: MarketWatch.com - Top Stories | 16 Dec 2009 | 2:59 am Decision may spell end of chequesA date to end the era of writing a cheque could be set later, when a banking body meets to decide whether to phase them out.Source: BBC News | Business | World Edition | 16 Dec 2009 | 2:56 am Saks to cut 116 jobs at flagship store: report(Reuters) - Saks Inc has informed about 116 workers at its flagship Fifth Avenue store that they would lose their jobs by the end of January, the New York Post reported, citing sources.Source: Reuters: Business News | 16 Dec 2009 | 2:55 am Stock futures signal gains; all eyes on Fed (Reuters)
Source: Yahoo! News: Business | 16 Dec 2009 | 2:54 am Stock futures signal gains; all eyes on Fed (Reuters)
Source: Yahoo! News: Stock Markets News | 16 Dec 2009 | 2:54 am Stock futures signal gains; all eyes on Fed(Reuters) - Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures down 0.2 percent at 0841 GMT (3:41 a.m. EST).Source: Reuters: Business News | 16 Dec 2009 | 2:54 am Youth unemployment reaches record highNumber of 16 to 24-year-olds out of work tops 950,000, while jobless total nudges 2.5 million, the worst since the mid-1990s.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 16 Dec 2009 | 2:51 am Fed keeps markets in stasisGlobal Markets Overview: The Federal Reserve’s imminent announcement on US monetary policy kept traders in neutral, with little movement across asset classesSource: Financial Times - US homepage | 16 Dec 2009 | 2:47 am Fed keeps markets in stasis09:40 GMT. The FTSE World index up 0.01 per cent; the dollar down 0.07 per cent versus the euro; gold up 0.08 per cent; and oil up 1 cent with that snapshot from pre-European trading, it is safe to say...Source: RSS feed - channel BNPaperBusiness | 16 Dec 2009 | 2:47 am Holiday Retail Buying Falls Behind 2008 PaceHoliday sales seemed to be off to a promising start. Online research firms including Comscore said that e-commerce sales were up 3% to 4% through the first week of December. The government said store-based shopping was up over 1% in November and retail industry groups claimed that trend was continuing early into this month. The first detailed research [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Dec 2009 | 2:46 am Fed will hike rates - in 2011It appears 0% is here for the foreseeable future.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 2:46 am End bankruptcy priority for derivatives, repos and swapsA lot is happening in the financial regulatory overhaul bill that moved swiftly from committee through the US House of Representatives this week. But one vital reform is not locked in yet, although it...Source: RSS feed - channel BNPaperBusiness | 16 Dec 2009 | 2:45 am Weaker dollar, stronger returnsThe dollar has fallen for much of this decade, and lately the decline is picking up speed. Already down more than 15% against the euro since March, the buck is expected to sink another 10% by the first quarter. Usually, when a once-strong asset falls this far out of favor, the correct long-term strategy is clear: Be a contrarian and buy.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 2:44 am Philips sees pick-up in consumer electronics salesAMSTERDAM (Reuters) - Dutch Philips Electronics signaled a continued pick-up in the consumer electronics market, saying it expected fourth-quarter sales of about 2.8 billion euros ($4.1 billion) at its Consumer Lifestyle unit.Source: Reuters: Business News | 16 Dec 2009 | 2:43 am UK jobseeker claims fall for the first time since 2008The number of people claiming jobseeker's allowance fell in November for the first time since February last year as Britain's total unemployment rose at a slower-than-expected rate to 2.49 million, boosting hopes the country's jobless will avoid peaking at three million. Source: Latest Business News from Times Online | 16 Dec 2009 | 2:40 am Extreme workouts: Borrowers scoring 2% mortgagesAt 8 a.m., homeowner Rodney Wynn was drowning under his $1,800-per-month, 13.4% interest rate mortgage. But by 5 p.m., he had found some relief: a 4.7% loan with a $970 monthly payment.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 2:40 am Asia markets mostly down, but banks lift TokyoBanks in the region surge on hopes for a delayed introduction of stricter capital requirements.
Source: MarketWatch.com - Top Stories | 16 Dec 2009 | 2:40 am The Interest In Buying Foreclosures CratersPeople do not have an interest in buying homes in foreclosure at anywhere near the level that they did earlier this year. Trulia.com and RealtyTrac released the latest results of an ongoing survey tracking home buyers’ attitudes towards foreclosures. The new online poll conducted between November 5th and the 9th by Harris Interactive showed a notable decrease [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Dec 2009 | 2:28 am Asian stocks lower after Wall Street snaps gains (AP)
Source: Yahoo! News: Stock Markets News | 16 Dec 2009 | 2:26 am Stocks set to gain as Fed awaitedStocks were headed higher at Wednesday's open as investors await the latest pronouncement on the economy from the Federal Reserve.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 2:24 am Abu Dhabi pursues Citigroup for $4bnCitigroup is being pursued by the Abu Dhabi Investment Authority (ADIA) for more than $4bn (£2.5bn) for allegedly misleading the sovereign wealth fund over its finances.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 16 Dec 2009 | 2:18 am Citigroup in rift with Abu DhabiCitigroup says the Abu Dhabi Investment Authority has filed a claim against it to stop a deal to buy $7.5bn of shares.Source: BBC News | Business | World Edition | 16 Dec 2009 | 2:15 am Holiday shoppers waiting 'til last minutesHoliday shoppers are procrastinating this season more than they have in the past five years, and are looking for discounts as Christmas nears, according to a retail group's survey released Wednesday.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 2:10 am Dubai's $10 billion cash came through bond saleDUBAI (Reuters) - Abu Dhabi's $10 billion financial aid to fellow United Arab Emirates member Dubai to meet debt obligations was in the form of bonds, on similar terms to a $10 billion bond issue to the UAE central bank in February.Source: Reuters: Business News | 16 Dec 2009 | 2:06 am Dubai's $10 billion cash came through bond saleDUBAI (Reuters) - Abu Dhabi's $10 billion financial aid to fellow United Arab Emirates member Dubai to meet debt obligations was in the form of bonds, on similar terms to a $10 billion bondSource: RSS feed - channel BNewsBusiness | 16 Dec 2009 | 2:06 am Stock futures signal gains; all eyes on Fed(Reuters) - Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100...Source: RSS feed - channel BNewsBusiness | 16 Dec 2009 | 2:06 am Media Digest 12/16/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: Galleon’s Raj Rajaratnam was indicted for securities fraud. Reuters: Concerns about interest rates hurt the markets. Reuters: Inconix broke off buyout talks with Playboy (NYSE:PLA). Reuters: Credit Suisse (NYSE:CS) settled a US probe. Reuters: US shopping activity fell behind last year, according to the National Retail Federation. Reuters: GE (NYSE:GE) sees flat earnings next year and will invest in its [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Dec 2009 | 1:54 am Punch says trading remains difficultPunch Taverns, the largest owner of pubs in the UK, said today that trading in the past few months has remained difficult although operating margins have improved.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 16 Dec 2009 | 1:54 am Cadbury pension fund insures 500 mln stg liabilitiesLONDON, Dec 16 (Reuters) - British confectioner Cadbury said on Wednesday it had insured 500 million pounds ($813 million) of pension liabilities in a deal allowing it to keep control of the scheme's...Source: RSS feed - channel BNewsBusiness | 16 Dec 2009 | 1:49 am Currencies: Dollar edges down vs. rivals ahead of FedThe central bank isn't expected to make any major policy changes.
Source: MarketWatch.com - Top Stories | 16 Dec 2009 | 1:49 am Oil hovers near $71 amid US crude supply jumpOil prices hovered near $71 a barrel Wednesday in Asia with gains tempered by a U.S. crude supply report that showed an unexpected rise in inventories last week. Benchmark crude for...Source: RSS feed - channel BNewsBusiness | 16 Dec 2009 | 1:37 am Deutsche Bahn gets green light for Eurotunnel useThe German railway Deutsche Bahn can run its high-speed trains through the Channel Tunnel, the head of the Eurotunnel group said in a press report on Wednesday, increasing the chances of...Source: RSS feed - channel BNewsBusiness | 16 Dec 2009 | 1:35 am Australia tax office seeks hard line on private equityMELBOURNE, Dec 16 (Reuters) - Australia's tax office proposed tough rules on Wednesday for taxing gains on private equity investments, sparking a call from the industry for the government to step in to...Source: RSS feed - channel BNewsBusiness | 16 Dec 2009 | 1:33 am Earnings Watch: Updates, advisories and surprisesA roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source: MarketWatch.com - Top Stories | 16 Dec 2009 | 1:31 am Defensive stocks help FTSE hold steadyDefensive stocks helped London equities inch higher on Wednesday, in cautious trade ahead of the conclusion of the US Federal Reserve's monetary policy meeting. Mid-cap retail stocks were the centre of...Source: RSS feed - channel BNPaperBusiness | 16 Dec 2009 | 1:28 am House prices: this year's rally set to stallThe rise in house prices this year is unlikely to be sustained next year, Kate Barker, one of the nine people at the Bank of England who set interest rates, has said.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 16 Dec 2009 | 1:28 am Architect of Russia's shock therapy reform dead: aideRussian economist Yegor Gaidar, the architect of the "shock therapy" economic reform that aimed to swiftly transform Russia into a market economy, died Wednesday aged 53, his spokesman...Source: RSS feed - channel BNewsBusiness | 16 Dec 2009 | 1:27 am 'Worried' Brown calls for end to BA strikeGordon Brown today called on British Airways and its workers to re-start talks to resolve a row over pay and conditions as the airline prepared to launch legal action in a last-ditch attempt to halt a planned 12-day strike. Source: Latest Business News from Times Online | 16 Dec 2009 | 1:26 am Russia reform 'tsar' Gaidar diesYegor Gaidar, the architect of Russia's "shock therapy" market reforms in the early 1990s, dies of a blood clot aged 53.Source: BBC News | Business | World Edition | 16 Dec 2009 | 1:24 am Asia Markets And Europe Open (12/16/2009)Markets in Asia were mixed. The Nikkei .9% to 10,177. Mitshbishi UFJ (NYSE:MTU) rose. The Hang Seng dropped 1.2% to 21,564. Bank of China (NASDAQ:CHINA) fell. The Shanghai Composite was down .6% to 3,255. At the open in Europe, the FTSE was up .1% to 5,289. The Dax rose .1% to 5,877. The CAC 40 was up .1% to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Dec 2009 | 1:23 am UPDATE 1-Biotech Addex plummets 75 pct after drug flopZURICH, Dec 16 (Reuters) - Shares in Swiss biotech Addex fell 75 percent on Wednesday, slammed by news it was stopping development of its lead drug candidate and underlining the risky and volatile nature...Source: RSS feed - channel BNewsBusiness | 16 Dec 2009 | 1:19 am Comet sees smaller half-year lossElectrical goods retailer Comet reports a loss for the past six months despite a rise in sales.Source: BBC News | Business | World Edition | 16 Dec 2009 | 1:15 am Senate Democrats contemplate half a loafHistory may be calling but time's running out to act by Christmas, so Senate Democrats are coming to terms with the idea they won't get everything they want from health care overhaul. ...Source: RSS feed - channel BNewsBusiness | 16 Dec 2009 | 1:12 am UPDATE 1-FuturaGene's drought-tolerance gene gets Chinese patentDec 16 (Reuters) - Agriculture biotechnology firm FuturaGene Plc said it received a Chinese patent for its drought-tolerance gene for use in food and non-food crops, sending its shares up 6 percent.Source: RSS feed - channel BNewsBusiness | 16 Dec 2009 | 1:11 am Kesa returns to black on Comet recoveryKesa, the electricals retailer which owns Comet, crept black into the black in the first six months of its financial year like-for-like sales continuing to slide. Source: Latest Business News from Times Online | 16 Dec 2009 | 1:10 am Southern California home prices and sales improve in NovemberThe median home price rises 1.8%, to $285,000, from October. The number of houses sold is up 14.7% from the same month last year.Southern California's real estate industry, decimated by the mortgage meltdown and housing bust, is stirring to life again -- even making hiring plans -- as home prices bounce back.
Source: L.A. Times - Business | 16 Dec 2009 | 1:00 am Paramount digs up 'Bones' audienceThe studio flip-flops its marketing strategy to go after the same demographic that propelled the 'Twilight' movies into the box-office stratosphere."The Lovely Bones" has all the adornments of a prestige drama aimed at adults. It was made by an Oscar-winning director, adapted from an acclaimed novel and features weighty subject matter.
Source: L.A. Times - Business | 16 Dec 2009 | 1:00 am Comcast launches Web TV serviceFancast Xfinity will allow millions of its subscribers who pay for high-speed Internet access and television to watch cable shows online.Cable operator Comcast Corp. said it would make its experimental Web TV service available to millions of its subscribers who pay for high-speed Internet access and television, paving the way for people to watch cable shows online.
Source: L.A. Times - Business | 16 Dec 2009 | 1:00 am Exports on the rise at ports of Los Angeles and Long BeachThe ports show gains in November. Imports, however, continue to decline.In a recession-battered year that can't end soon enough for many businesses involved in international trade, Howard Wallace has an enviable set of problems.
Source: L.A. Times - Business | 16 Dec 2009 | 1:00 am Judge throws out stock fraud charges against Broadcom co-founder, ex-CFOHis decision in the options backdating cases comes less than a week after he overturns a guilty plea by the Irvine chip maker's other co-founder.Accusing prosecutors of a "shameful" campaign to intimidate witnesses and obtain unjustified convictions, a federal judge threw out high-profile criminal stock fraud charges against Broadcom Corp. co-founder Henry T. Nicholas III and the company's former chief financial officer.
Source: L.A. Times - Business | 16 Dec 2009 | 1:00 am Obama pushes home improvement to create jobs, save energyDeclaring insulation 'sexy,' the president outlines a plan to offer cash incentives to consumers who make energy-efficient renovations.Looking for new ways to help plug the leaky job market, President Obama pressed Congress to provide money to homeowners to improve energy efficiency -- and the economy -- by replacing doors, caulking windows and padding their attics with more insulation.
Source: L.A. Times - Business | 16 Dec 2009 | 1:00 am Events in the Broadcom backdating caseBroadcom timelineSource: RSS feed - channel BNPaperBusiness | 16 Dec 2009 | 1:00 am Blue Shield of California gets tough over late paymentsThe health insurer will end an additional 15-day grace period but keep its 28-day reprieve. Those who miss a payment risk an immediate loss of coverage.Amid a national debate on how to make the healthcare system friendlier and more accessible, and as millions of people grapple with the loss of jobs and homes, what does insurance heavyweight Blue Shield of California do?
Source: L.A. Times - Business | 16 Dec 2009 | 1:00 am PR firms PMK/HBH and BNC agree to mergeThe union combines PMK/HBH, one of Hollywood's biggest celebrity public relations agencies, with BNC, a firm that has specialized in corporate clients. The new agency will be named PMK-BNC.After more than a week of speculation, entertainment public relations and marketing firms BNC and PMK/HBH on Tuesday made it official and said they were consolidating operations.
Source: L.A. Times - Business | 16 Dec 2009 | 1:00 am Boeing Dreamliner finally takes to the skiesThe 787 passenger jet, more than two years behind schedule, promises to burn less fuel and last longer than current aircraft.At long last, Boeing Co.'s 787 passenger jet took to the skies Tuesday, making its maiden test flight and marking a major milestone in commercial aviation.
Source: L.A. Times - Business | 16 Dec 2009 | 1:00 am Southern California home prices and sales improve in NovemberThe median home price rises 1.8%, to $285,000, from October. The number of houses sold is up 14.7% from the same month last year. ...Source: RSS feed - channel BNPaperBusiness | 16 Dec 2009 | 1:00 am Paramount digs up 'Bones' audienceThe studio flip-flops its marketing strategy to go after the same demographic that propelled the 'Twilight' movies into the box-office stratosphere. ...Source: RSS feed - channel BNPaperBusiness | 16 Dec 2009 | 1:00 am PR firms PMK/HBH and BNC agree to mergeThe union combines PMK/HBH, one of Hollywood's biggest celebrity public relations agencies, with BNC, a firm that has specialized in corporate clients. The new agency will be named PMK-BNC. ...Source: RSS feed - channel BNPaperBusiness | 16 Dec 2009 | 1:00 am Exports on the rise at ports of Los Angeles and Long BeachThe ports show gains in November. Imports, however, continue to decline. In a recession-battered year that can't...Source: RSS feed - channel BNPaperBusiness | 16 Dec 2009 | 1:00 am Airline trade group expects to chop loss in half in 2010Rising demand will reduce carriers' red ink to $5.6 billion, the International Air Transport Assn. predicts. A U.S. group, citing volatile fuel prices, is not so optimistic.The airline industry will rebound modestly next year, losing only about half of what it is expects to lose in 2009, a trade group predicted Tuesday.
Source: L.A. Times - Business | 16 Dec 2009 | 1:00 am Recall affects 50 million Roman-style shades and roll-up blindsCords on the window products pose a strangulation hazard to children. Free retrofit kits are available as part of the government and industry action. ...Source: RSS feed - channel BNPaperBusiness | 16 Dec 2009 | 1:00 am Comcast launches Web TV serviceFancast Xfinity will allow millions of its subscribers who pay for high-speed Internet access and television to watch cable shows online. ...Source: RSS feed - channel BNPaperBusiness | 16 Dec 2009 | 1:00 am Mark Hulbert: No contrast between best/worst forecastsConfused about where the stock market is headed? Welcome to the club. The investment advisory industry has an extraordinarily cloudy crystal ball too.
Source: MarketWatch.com - Top Stories | 16 Dec 2009 | 12:37 am Aussie market closes slightly lowerMELBOURNE - The Australian share market finished marginally lower, amid news the economy grew less than forecast in the three months to September.The benchmark S&P/ASX200 index closed down 11.6 points, or 0.25 per cent, at 4,661.9...Source: nzherald.co.nz - Business | 16 Dec 2009 | 12:16 am China's overseas M&A reportedly hits record in '09Chinese companies' investments in foreign firms are set to hit a record-high $35 billion this year, with purchases in the resource sector leading the action.
Source: MarketWatch.com - Top Stories | 15 Dec 2009 | 11:45 pm Market climbs in pre-Xmas tradingThe New Zealand sharemarket posted gains in thin pre-Christmas trading today, while other markets drifted.The benchmark NZX50 closed up 15.19 points, or 0.487 per cent, at 3132.304. Turnover was worth $64.07 million. There were...Source: nzherald.co.nz - Business | 15 Dec 2009 | 11:11 pm Fed to keep policy steady despite improving data (Reuters)
Source: Yahoo! News: Business | 15 Dec 2009 | 10:28 pm Dollar gains against Aussie after RBA speechThe NZ dollar gained against the Australian dollar today after Reserve Bank of Australia (RBA) deputy governor Ric Battellino said the overall stance of Australian monetary policy was back in a normal range.This pushed the Australian...Source: nzherald.co.nz - Business | 15 Dec 2009 | 10:24 pm SEC to require broader disclosure on executive pay (AP)AP - Companies will have to reveal more information about how much they pay their top executives, under expanded requirements being imposed by federal regulators amid a public outcry over compensation.Source: Yahoo! News: Stock Markets News | 15 Dec 2009 | 10:11 pm Jon Friedman's Media Web: Tiger and Oprah: Perfect togetherJon Friedman has a surefire way for Las Vegas bookmakers to make a killing: Set odds on which television program Tiger Woods will appear first when he decides to confess his sins.
Source: MarketWatch.com - Top Stories | 15 Dec 2009 | 10:01 pm Todd Harrison: A decade of booms, busts and bubblesTime can be measured many ways but through a pure financial lens, the last ten years have been nothing short of remarkable, writes Todd Harrison.
Source: MarketWatch.com - Top Stories | 15 Dec 2009 | 10:01 pm 529 Plan Fees Are Dropping (Education and Your Money)College savings accounts are getting cheaper. What it means for investors.
Source: SmartMoney.com | 15 Dec 2009 | 10:00 pm After Divorce: Who Gets Child-Related Tax Breaks? (The Tax Guy)How to determine who can claim valuable credits and deductions.
Source: SmartMoney.com | 15 Dec 2009 | 10:00 pm Next Chapter: Amazon Faces Daunting ChallengeIts stock is so rich that even under the best scenario, shares could tumble.
Source: SmartMoney.com | 15 Dec 2009 | 10:00 pm 4 Cheap Cities to Ring in 2010 (Deal of the Day)Celebrate the New Year in style without busting your budget.
Source: SmartMoney.com | 15 Dec 2009 | 10:00 pm 3 Utility Stocks With 5% Yields (Screens)Hough: Conditions favor power and gas distributors; these pay nicely.
Source: SmartMoney.com | 15 Dec 2009 | 10:00 pm Legal action threatened over pig welfare codeThe Pork Industry Board is threatening legal action if a new code of welfare for pigs is released.Agriculture Minister David Carter said a draft code was due to be released within days by the National Animal Welfare Advisory Committee...Source: nzherald.co.nz - Business | 15 Dec 2009 | 9:43 pm Hanover investors look to future after YES voteHanover investors have approved the plan to sell the company's loan book to Allied Farmers.Up to 1000 investors met this morning in Auckland to decide whether they should sell their assets to Allied Farmers in exchange for shares.The...Source: nzherald.co.nz - Business | 15 Dec 2009 | 9:23 pm U.S. forgoes billions in tax on Citi: report (Reuters)
Source: Yahoo! News: Business | 15 Dec 2009 | 8:18 pm Investors deserve assurances - TaskforceRetail investors need warning labels on high risk products, simpler disclosure documents, and a deeper range of choices to put their money into, says the Capital Markets Development Taskforce, in its report released this morning by...Source: nzherald.co.nz - Business | 15 Dec 2009 | 7:30 pm No sweat for FedEx on busiest day of the yearMEMPHIS (Reuters) - On December 14, FedEx Corp's busiest day this year, when the shipper handled almost double its normal number of packages, the entire system stretched to accommodate the global gift-giving frenzy that culminates nearly two weeks later around Christmas.Source: Reuters: Business News | 15 Dec 2009 | 6:18 pm Beware Of Greeks And Mexicans Bearing GiftsThe stock market was badly rocked by the perception that the economy in the euro zone may be recovering much more slowly than the rest of the world. The crisis in Dubai may be over, at least for several months. It appears that the desert kingdom does not have enough capital to cover all of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Dec 2009 | 6:13 pm Obama weighs new debt commissionPresident Barack Obama is seriously considering an executive order to create a bipartisan commission that could weigh sweeping tax increases and spending cuts to try slash the soaring federal deficit, CNN has learned.Source: Business and financial news - CNNMoney.com | 15 Dec 2009 | 6:06 pm The iMac missed ChristmasSource: Business and financial news - CNNMoney.com | 15 Dec 2009 | 6:00 pm GE sees flat 2010, to invest in core businesses (Reuters)
Source: Yahoo! News: Business | 15 Dec 2009 | 5:49 pm GE sees flat 2010, to invest in core businessesNEW YORK (Reuters) - General Electric Co expects to record flat profit across its big industrial units next year, as a sluggish global economy crimps sales for jet engines, electric turbines and other heavy equipment.Source: Reuters: Business News | 15 Dec 2009 | 5:49 pm Tough year leaves GE more focusedGeneral Electric’s earnings in 2010 are likely to be flat but its chief executive expects a more focused company to post healthy returns in 2011 and 2012Source: Financial Times - US homepage | 15 Dec 2009 | 5:35 pm House to vote on $167 billion in jobs measuresThe House plans to vote Wednesday on measures totaling about $167 billion that would extend the safety net for the unemployed and spur job creation.Source: Business and financial news - CNNMoney.com | 15 Dec 2009 | 5:33 pm US advances plans to close GuantánamoThe US plans to move as many as 100 suspected terrorists held at Guantánamo Bay to a specially-acquired detention centre in Illinois and try them there, the White House saidSource: Financial Times - US homepage | 15 Dec 2009 | 5:11 pm Dumbest moments in business 2009Loudmouth CEOs, islands in the desert, and bringing dead celebrities back to life. Our annual list of the business world's bonehead plays marches on.Source: Business and financial news - CNNMoney.com | 15 Dec 2009 | 5:11 pm Value Stocks, Synthetic Jet Fuel, Realty: Taking Stock PodcastSource: Bloomberg - All Podcasts | 15 Dec 2009 | 5:07 pm Credit Suisse settles with US over IranSwiss bank, which has gained a reputation for avoiding accidents during the credit crisis, declined to provide detailsSource: Financial Times - US homepage | 15 Dec 2009 | 5:04 pm US jury indicts duo in insider trading caseA federal grand jury returned indictments against Raj Rajaratnam, the billionaire founder of the Galleon hedge fund, and Danielle Chiesi, a former Bear Stearns employee, in an insider trading case that has ensnared top executives across corporate AmericaSource: Financial Times - US homepage | 15 Dec 2009 | 5:03 pm Camp millionaireUS kids learn that making money is child's playSource: BBC News | Business | World Edition | 15 Dec 2009 | 5:03 pm Goldman sued over multi-billion pay poolGoldman Sachs has been sued over its multi-billion compensation pool in a case that pits America’s security guards against Wall Street’s best-paid bankers. Source: Latest Business News from Times Online | 15 Dec 2009 | 5:01 pm Credit Suisse expects to pay $536m settlement$Credit Suisse expects to pay a $536 million ($£329 million) settlement for violating US economic sanctions, the Swiss bank revealed in a surprise statement last night. Source: Latest Business News from Times Online | 15 Dec 2009 | 5:01 pm Business big shot: Penny Hughes, incoming non-executive, Wm MorrisonWm Morrison, without a chief executive at present, beefed up its board substantially yesterday by hiring Penny Hughes as a non-executive director. Source: Latest Business News from Times Online | 15 Dec 2009 | 5:01 pm Northumbrian Water chooses rail chief for top jobNorthumbrian Water Group has hired one of the rail industry’s leading lights as its new chief executive. Source: Latest Business News from Times Online | 15 Dec 2009 | 5:01 pm Time to rebuild trust between the City, government and societyWe urgently need a new settlement between finance, government and society. Over the past decade some sectors of finance seem to have forgotten that they should be a servant to the economy rather than its master. Source: Latest Business News from Times Online | 15 Dec 2009 | 5:01 pm Farmer’s market sets up stall in cyberspace in effort to lure shoppers away from the big chainsThe village farmer’s market is going high-tech in its battle against the supermarkets by launching a website that allows shoppers to stroll around virtual stalls and buy artisan produce. Source: Latest Business News from Times Online | 15 Dec 2009 | 5:01 pm Rivals hire bigger planes as BA turns to the lawBritish Airways will seek an emergency injunction at the High Court today to avert a 12-day strike that threatens to ruin the travel plans of almost a million people over Christmas. Source: Latest Business News from Times Online | 15 Dec 2009 | 5:01 pm Growers support grape levyNew Zealand's commercial wine grape growers have strongly backed the continuation of their industry levy.Over 86 per cent of grower voters opted for the levy to stay as is.The levy currently collects just under $2 million...Source: nzherald.co.nz - Business | 15 Dec 2009 | 5:00 pm Beware of the Christmas spending hangoverThe New Year could bring a significant rise in the number of Kiwis facing debt stress, warns credit reporting and debt collection agency Dun & Bradstreet.Many consumers could get black marks on their credit reports if they don't...Source: nzherald.co.nz - Business | 15 Dec 2009 | 5:00 pm Herrmann Sees 3% U.S. GDP Growth in 2010: AudioSource: Bloomberg - All Podcasts | 15 Dec 2009 | 4:59 pm Wells Fargo stock offering tops $12 billionWells Fargo said it raised more than $12 billion in a stock sale Tuesday as part of a plan to repay $25 billion in government aid.Source: Business and financial news - CNNMoney.com | 15 Dec 2009 | 4:53 pm Climate deal in balance over aidPoorer countries likely to react with fury as UN says firm commitment from developed nations on long-term financing to combat global warming may not be part of agreementSource: Financial Times - US homepage | 15 Dec 2009 | 4:50 pm Galleon's Rajaratnam to face fraud chargesSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 4:39 pm Boeing Dreamliner in first flightBoeing's new 787 Dreamliner passenger aircraft successfully completes its first test flight in the US.Source: BBC News | Business | World Edition | 15 Dec 2009 | 4:39 pm Obama seeks impetus for health billBarack Obama said the US was ‘on the precipice’ of passing legislation to overhaul the healthcare system, trying to inject new momentum into a process that has lurched from breakthrough to roadblock over the last weekSource: Financial Times - US homepage | 15 Dec 2009 | 4:31 pm Hard times at General ElectricIconic US company General Electric (GE) has had a tough year.The company's CEO Jeffrey Immelt said today the giant conglomerate is undergoing a renewal after what has been one of the most difficult years in the company's 117-year...Source: nzherald.co.nz - Business | 15 Dec 2009 | 4:30 pm Spike in wholesale inflation sends stocks lower (AP)
Source: Yahoo! News: Stock Markets News | 15 Dec 2009 | 4:10 pm Credit Suisse to pay $536m to settle US sanctions inquiryCredit Suisse is set to pay $536m (£329m) to settle a long-running American investigation into payments made to countries on the US's economic sanction list.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 4:05 pm Wamu asks to probe Fed over collapseWILMINGTON, Delaware (Reuters) - Bankrupt holding company Washington Mutual Inc asked a federal court to compel the U.S. Federal Reserve, U.S. Treasury and more than a dozen others to turn over documents relating to its collapse in 2008.Source: Reuters: Business News | 15 Dec 2009 | 4:03 pm Taskforce backs 'partial' asset privatisationPartial privatisation of state assets, a new watchdog for capital markets and partial state funding of research on small companies are among the recommendations of the final report of Capital Markets Development Taskforce presented...Source: nzherald.co.nz - Business | 15 Dec 2009 | 4:00 pm Hansen Sees Little Emissions Reduction by Cap and Trade: AudioSource: Bloomberg - All Podcasts | 15 Dec 2009 | 3:56 pm Write-Offs: 12.15.09$$$ Madoff man DiPascali assisted in 3 arrests [Reuters] $$$ Vegas Condo Buyer: "It's Really Gonna Be OK" [CNBC] $$$ Credit Suisse May Pay $536 Million in Settlement [Bloomberg] $$$ Hermitage Capital Management Sergei Magnitsky Tribute: 
 Source: Dealbreaker | 15 Dec 2009 | 3:40 pm How the major stock indexes fared on Tuesday (AP)AP - The stock market fell for the first time in five days and Treasurys slipped after a jump in inflation stoked concerns that the Federal Reserve would be forced to raise interest rates. Stocks extended their losses late in the day Tuesday after General Electric Co. forecast that revenue and earnings would be largely flat in 2010.Source: Yahoo! News: Stock Markets News | 15 Dec 2009 | 3:25 pm Outlook 2010: house pricesWhat does next year hold for house prices? We asked the experts for their predictions.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 3:24 pm Cyclacel receives delisting notice from Nasdaq (AP)AP - Cyclacel Pharmaceuticals Inc. said Tuesday its shares could be delisted from Nasdaq because the company does not comply with the exchange's $10 million minimum shareholder equity requirement.Source: Yahoo! News: Stock Markets News | 15 Dec 2009 | 3:16 pm Distressed debt on the wane in US marketsDemand for once-distressed bonds prompts debate as to whether investors are acting wisely or piling into junk bonds due to a lack of opportunitiesSource: Financial Times - US homepage | 15 Dec 2009 | 2:44 pm Oil firms attacked for tar sands pollutionOil companies have come under pressure at Copenhagen to scale back investment in production from tar sands, as Royal Dutch Shell was branded the world's second worst corporate lobbyist for its support of the industry.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 2:44 pm Raj Rajaratnam Maintains His InnocenceBecause, remember, his research was so damn good he had no reason to insider trade. Nevertheless: A federal grand jury charged Raj Rajaratnam with five counts of conspiracy and six counts of securities fraud related to the insider-trading case involving hedge fund Galleon Group. The grand jury also charged Danielle Chiesi, a former consultant to New Castle Partners LLC, with three counts of conspiracy and seven counts of securities fraud.---WSJ
Source: Dealbreaker | 15 Dec 2009 | 2:42 pm Lovells partners approve Hogan& Hartson mergerBritish solicitors Lovells is to merge with Hogan& Hartson of the US to create one of the world's largest law firms.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 2:41 pm Taxpayers face Tube Lines bail-outTaxpayers will be forced to bail out the troubled Underground contractor Tube Lines, or accept reductions in the scope of its work, under proposals to be made on Thursday.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Dec 2009 | 2:36 pm Kasman Says Earliest Fed Rate Hike Will Be Summer 2010: AudioSource: Bloomberg - All Podcasts | 15 Dec 2009 | 2:34 pm Weyerhaeuser board OKs conversion to REIT status (AP)AP - Weyerhaeuser Co. said Tuesday its board has approved a conversion of the forest products giant into a real estate investment trust, letting the company take advantage of major tax benefits.Source: Yahoo! News: Business | 15 Dec 2009 | 2:25 pm Buy Jeffrey Epstein's Used Ride
Source: Dealbreaker | 15 Dec 2009 | 1:46 pm T. Rowe Price Seeks to Run Actively Managed ETFs: AudioSource: Bloomberg - All Podcasts | 15 Dec 2009 | 1:24 pm ArcelorMittal Raised to `Buy' at UBS: AudioSource: Bloomberg - All Podcasts | 15 Dec 2009 | 1:22 pm Summers Says Paul Samuelson Had Passion for Economics: AudioSource: Bloomberg - All Podcasts | 15 Dec 2009 | 1:19 pm Cervera Says Mexico Most Affected by Chinese Competition: AudioSource: Bloomberg - All Podcasts | 15 Dec 2009 | 1:14 pm McCormick Sees Dollar Looking `Cheap' Against Euro, Yen: AudioSource: Bloomberg - All Podcasts | 15 Dec 2009 | 1:12 pm MF Global's Cranny Sees `Aggressive' M&A in 2010: AudioSource: Bloomberg - All Podcasts | 15 Dec 2009 | 1:11 pm A look at economic developments around the globe (AP)AP - A look at economic developments and activity in major stock markets around the world Tuesday:Source: Yahoo! News: Stock Markets News | 15 Dec 2009 | 1:03 pm TSX rises as oil gains help energy sector (Reuters)Reuters - Toronto's main stock index edged higher on Tuesday, reversing earlier losses, as a gain in oil prices after a long losing streak lifted EnCana Corp and other shares in the energy sector.Source: Yahoo! News: Stock Markets News | 15 Dec 2009 | 12:50 pm TSX rises as oil gains help energy sector (Reuters)Reuters - Toronto's main stock index edged higher on Tuesday, reversing earlier losses, as a gain in oil prices after a long losing streak lifted EnCana Corp and other shares in the energy sector.Source: Yahoo! News: Business | 15 Dec 2009 | 12:50 pm SEC mulls surprise audits for investment advisers (Reuters)Reuters - U.S. securities regulators may reduce the number of investment advisers who would have to undergo an annual surprise audit under a proposal to ensure that their clients' assets are safe, two sources familiar with the plan said on Tuesday.Source: Yahoo! News: Stock Markets News | 15 Dec 2009 | 12:45 pm Goldman Sachs Sued Over Bonus 'Bonanza'
Source: Dealbreaker | 15 Dec 2009 | 12:37 pm Charges Against Broadcom Execs DismissedBy Daniel Costello A federal judge on Tuesday dismissed the criminal stock-options backdating case against Broadcom Corp. co-founder Henry C. Nicholas III and the company's former chief financial officer William J. Ruehle. U.S. District Judge Cormac J. Carney ruled that prosecutors had improperly intimidated witnesses, tainting their testimony and making the case "a mockery of justice." He said the government's conduct in the case was "shameful." Prosecutors portrayed former company executives of hiding billions of dollars in compensation from regulators and investors in the Irvine, Calif-based technology firm. The judge scheduled a Feb. 2 hearing to consider whether he should consider narcotics distribution charges against Nicholas -- the only remaining charge in the case. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 15 Dec 2009 | 12:22 pm US needs less haste and more thoughtThe US will only benefit from another financial regulator if it consolidates existing ones. Above all, the content of any new rules matters more than the apportioning of responsibilitiesSource: Financial Times - US homepage | 15 Dec 2009 | 12:16 pm Japan ignores US pressure over air baseTokyo on Tuesday shrugged off heavy US pressure for speedy implementation of a deal to relocate one of the military bases on Okinawa island, in a response certain to anger Washington and fuel worries about the loyalties of Japan’s new ruling Democratic partySource: Financial Times - US homepage | 15 Dec 2009 | 12:06 pm Weyerhaeuser to become REIT, pay special dividend (Reuters)Reuters - Weyerhaeuser Co said it would convert into a real estate investment trust and pay a special dividend, bowing to pressure from shareholders who have been seeking the new financial structure for years.Source: Yahoo! News: Business | 15 Dec 2009 | 11:59 am On the Call: Best Buy's Black Friday (AP)AP - Best Buy reported better-than-expected third-quarter results on Tuesday. During a call with investors, CEO Brian Dunn talked about the electronics retailer's traffic, sales and online business the two days after Thanksgiving that are popular for shopping.Source: Yahoo! News: Business | 15 Dec 2009 | 11:41 am Raj Rajaratnam Makes A Good Point
Source: Dealbreaker | 15 Dec 2009 | 11:12 am Guest Post: Is Wikipedia Dying?This interesting analysis comes from Damien Hoffman, Editor-in-Chief at Wall St. Cheat Sheet.
According to Quantcast, Wikipedia’s traffic has been making lower highs and lower lows. In trading, that’s the definition of a downtrend. Google Adplanner confirms the trend:
Is the world’s largest open-source encyclopedia losing steam? Is it truly open-source? Where will the chips fall as the Wikipedia Gestapo quarrel over power?
Source: Business Pundit | 15 Dec 2009 | 10:52 am Poor delegates struggle in CopenhagenAt the Copenhagen climate conference, some delegates are living the high life. But not all. Delegates from poorer countries are finding it tough just coping in Copenhagen. Stephen Beard reports.Source: Marketplace | 15 Dec 2009 | 10:51 am Corporations lost in Copenhagen clamorReporter Sam Eaton talks with Kai Ryssdal about why corporate leaders are in Copenhagen, and what the mood is like at the conference during its last days.Source: Marketplace | 15 Dec 2009 | 10:51 am Letters: Climate, iPhones, patentsKai Ryssdal reviews what listeners had to say about our climate change conversation with Al Gore, the conference in Copenhagen, iPhones and green patents.Source: Marketplace | 15 Dec 2009 | 10:51 am Virtual events industry takes offMore companies are asking employees to log on for video conferences or meetings in virtual boardrooms instead of logging miles. Sally Herships reports.Source: Marketplace | 15 Dec 2009 | 10:51 am Technology moves travelers to the busFor cost-conscious travelers, the bus has always been a top choice. But now, new long-distance bus lines are rolling up hordes of travelers by using technology to up their hip factor. Andrea Bernstein reports.Source: Marketplace | 15 Dec 2009 | 10:51 am Is it time for Fed to raise interest rates?Factories cranked up their output in November and wholesalers are raising prices. But that doesn't mean the Federal Reserve will raise interest rates. John Dimsdale reports.Source: Marketplace | 15 Dec 2009 | 10:51 am On this episode of Health Care OverhaulIt's been a wild week in the political fight over how to overhaul the U.S. health-care system. Having a little trouble keeping track of what's going on? Gregory Warner gives an update.Source: Marketplace | 15 Dec 2009 | 10:51 am Nouriel Roubini Needs A Part-Time Woman
Being a "work-alcoholic" (another Roubini-ism) takes a toll on his social life. The gossip blog Gawker, noting that Roubini-- in the midst of a recession!-- had allowed himself to be photographed in the company of younger women, labeled him a "playboy economist." In fact, his romantic life seems almost notable for its near nonexistence. When we went to a dinner party one night, he joked that I was his first date in four months. During a period last year, he taught at NYU on Tuesday evenings and typically took a light out of the country each Wednesday, to return on Sunday evening. This left him Monday evenings. "I would meet a woman, she would say, 'What,' I am only good enough for a Monday?' " So! The Doctor needs a one night a week woman, or a hooker. Until then, he'll have to settle for up close and personal time with a Hungarian billionaire, who doesn't even notice when Doom has been working out.
Source: Dealbreaker | 15 Dec 2009 | 10:14 am Jamie Dimon: The Puppy Dog, High School Soccer Team, Macking It Years
Source: Dealbreaker | 15 Dec 2009 | 9:36 am Legal Troubles, Bad PR & Privacy Concerns Force Celebs to Close Twitter Accounts
Twitter is an effective PR tool–sometimes. But several celebrities have recently taken their accounts down, or pretty much stopped tweeting, after privacy and publicity concerns came to a head. MTV News has more: In one of his last screeds, he talked about going into a Wal-Mart in Wallingford, CT, and discovering that there were no copies of the record to be found. The idea that Brown has been blackballed because of his legal difficulties (he plead guilty to assault stemming from his beating of Rihanna in February and is currently serving a service-based sentence) was refuted by a store manager at that particular Wal-Mart, who asserted that the reason why Brown couldn’t find any copies of his album was because they had sold out of it soon after its official release. Only a few hours after that revelation, Brown issued his finally tweet: “I wanna thank my fans for all the support,” he wrote. “Goodbye!” The old address for his Twitter page now leads to the dreaded “Sorry, that page does not exist!” screen. That image is familiar to any devoted followers of Miley Cyrus’ Twitter page, which she shut down earlier this year in an effort to bring more privacy into her life. The same goes for Lil Wayne, whose account mysteriously disappeared several months ago, well before his legal troubles started to heat up. And though he hasn’t officially abandoned the service, Jay-Z has only tweeted once in the past six months (meanwhile, his wife Beyoncé has never used the service, despite the fact that there is a placeholder account that has nearly half a million followers). Transparency is good, but as many stars are learning, sometimes it’s good to take a step back. If celebs are leaving, Twitter, or the public perception of it, shows signs of maturing. It’ll be neat to see how the old “talk about your life and gain followers” dogma evolves over time. Maybe there is an effective way to use Twitter, but only for certain people or groups.
Source: Business Pundit | 15 Dec 2009 | 9:18 am 50+ Million Roman Shades & Blinds Recalled for Strangulation Risk
More than 50 million Roman shades and roll up blinds that were sold at some of the nation’s biggest retailers, such as JC Penney, Walmart and Pottery Barn, are part of this recall. Consumers are being offered free repair kits. “Early Show” consumer correspondent Susan Koeppen explained, with the repair kit, you’ll use a clip to hold up your shades — not a cord. Koeppen said an alternative to shades would be using drapes instead of shades. As for the expense of replacing shades, Koeppen said if you are a 50-year-old couple, you really don’t have to worry about it unless children come over. However, if you do have children and are worried about the expense, Koeppen said it’s important to move cribs, toys and furniture away from the windows so kids can’t get access to the shades’ cords. To know if you’ve been affected by the recall, read these CPSC instructions: Description: This recall involves roll-up blinds without release clips (see picture below) and all Woolrich Roman shades. The roll-up blinds have plastic oval-shaped slats that measure about ¼ inch tall. The blinds measure either 72” or 96” long. The bottom rail has a WARNING label advising that “Young children can become entangled and strangle in cord or bead loops” and a label that reads “Lewis Hyman, Inc.” and the year of manufacture. Roll-up blinds that have release clips right below the head rail on the backside of the blind are not included in this recall. The Woolrich Roman shades come in twill fabric and micro-suede fabric and measure 72” long. The head rail has two labels that read “Lewis Hyman, Inc., www.lewishymaninc.com” and “LHI, 005301, Made in China” respectively. Sold at: The Roman shades were sold exclusively at Target stores nationwide and on Target.com from March 2006 through December 2008 for between $25 and $43. The roll-up blinds were sold at retail stores nationwide from January 1999 through December 2003 for between $6 and $20. Consumers should immediately stop using the Roman shades and contact Lewis Hyman for a free repair kit. The repair kits for the Roman shades will be available by the end of September.
Source: Business Pundit | 15 Dec 2009 | 8:44 am The 25 Most Powerful Men In Finance: Only Includes Four Goldman Sachs Employees?According to Institutional Investor, yes (Lloyd Blankfein, Gary Cohn, David Heller, and Richard Friedman, who the magazine insinuates has some job security in the fact that his wife is a gal-pal of Laura Blankfein). Also included, Jamie Dimon, obviously, who beats out LB for slot number one, Bob Diamond (4), Brady Dougan (5; really?), Tom Montag (7), Jes Staley (11) and everyone's favorite milkshake lover, Ken Griffin (bringing up the rear at 25).
Source: Dealbreaker | 15 Dec 2009 | 8:40 am A Championship Season For JA Solar (JASO)The solar energy sector has been beaten down for the better part of the last year. There have been concerns about over-supply of product and low demand because of the economy. JA Solar (NASDAQ:JASO) broke out of the pack of solar stocks by upping guidance and announcing a share buyback. JA Solar shares moved up 10% [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Dec 2009 | 8:34 am Array Biopharma (ARRY) Gets LuckySmall biopharma stocks sometimes have that one big day, the day that there investors wait for. Array Biopharma (NASDAQ:ARRY) moved higher by 30% early in the day to $3.11. The little firm entered into an agreement granting Amgen (NASDAQ:AMGN) exclusive worldwide rights to Array’s small-molecule glucokinase activator program, including ARRY-403, being tested in a Phase 1 clinical [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Dec 2009 | 8:23 am Dealing With Marital Strife, Passive-AggressivelyRead between these lines: I have decided to leave Ikos to recreate my vision of a research focused team with talented, experienced professionals. I plan to establish a smaller investment management company to manage family and other assets. That's Martin Coward talking about his wife's hedge fund, IKOS Asset Management.
Source: Dealbreaker | 15 Dec 2009 | 8:20 am Presented By:Source: Dealbreaker | 15 Dec 2009 | 8:20 am Today’s Best Market Rumors (12/15/2009) (BAC)(BRCM)(AIG)Updated throughout the day. The senior management at AIG (NYSE:AIG) is broke because of losses on stock and low compensation. (WSJ) Bank of America (NYSE:BAC) will get a new CEO from inside the company (various) A judge could throw out charges against Broadcom (NASDAQ:BRCM) for backdating options (NYT) Douglas A. McIntyre Posted in Rumors Tagged: AIG, BAC, BRCM [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Dec 2009 | 7:27 am Inflation Rises UnexpectedlyBy Daniel Costello Wholesale prices rose a larger-than-expected 1.8% in November after seasonable adjustments, with energy prices accounting for about three-fourths of the increase, the Labor Department reported Tuesday. The producer price index (or PPI) has risen 2.4% in the past year, the government said. This is the first rise since November 2008. The core PPI - which excludes food and energy prices - rose 0.5% in November, more than expected. Leading the advance: truck and cigarette prices. Core prices are up 1.2% over the past year. The news is unlikely to change the Fed's decision on whether or not to keep interest rates at a record low Tuesday. But it does add to concerns the central bank's loose monetary policy could lead to greater inflation and new asset bubbles down the road. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 15 Dec 2009 | 6:39 am Top Day Trader Alerts (WFC, JASO, LIMS, ARRY, GILD)This morning’s top day trader and active trader alerts are below with links to VSInvestor.com on each stock story with more detailed data and analysis: Wells Fargo & Co. (NYSE: WFC) is up 2% on the TARP exit. JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is up about 6% and trying for a day-two gain. STARLIMS Technologies (NASDAQ: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Dec 2009 | 6:31 am Morning Report: Wells Fargo Also Pays Back TARP; Spike In Black Lung CasesBy Daniel Costello US bank Well Fargo said late Monday it would follow Citigroup's announcement earlier in the day and pay back the $25 billion emergency funding it received under the Troubled Asset Relief Program. Like Citigroup, Wells Fargo plans to fund the repayment partially by raising money in the form of new shares. It said it will raise $10.4 billion by selling new common shares and another $1.5 billion by selling assets. The exit from TARP puts Wells Fargo on the same footing as Bank of America Corp., JPMorgan Chase Co. and other of its largest competitors, which have already paid back the government or announced plans to do so. The paybacks mark a key step towards the US financial system's recovery from a year-ago near collapse.
On Tuesday, the Federal Reserve is meeting to discuss whether or not to leave interests rates at record lows. Most analysts believe rates will remain unchanged so the bigger thing to look for is any sign the Fed could reverse course and start boosting rates in the future. The central bank faces a high stakes and difficult challenge: If it removes the stimulus too soon, it could short-circuit the fragile recovery. But if it moves too late, it could unleash inflation or new speculative asset bubbles. The Wall Street Journal has an interesting story today on the rise in cases of black lung, the common name for the deadly coal worker's pneumoconiosis caused by breathing in coal dust over many years. Safety officials blame longer shifts and how the industry is handling coal dust. The National Institute for Occupational Safety and Health has found that roughly 9% of workers with 25 years or more in mines tested positive for black lung in 2005-2006, the latest published data, up from about 4% in the late 1990s. The rates also doubled for people with 20 to 24 years in mining, including many in their 30s and 40s, according to NIOSH, part of the Centers for Disease Control and Prevention. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 15 Dec 2009 | 6:11 am What if Oreo Marketed This Cookie?
Source: Business Pundit | 15 Dec 2009 | 4:44 am
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