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No Further Holiday Price DiscountsThe fun part of the holiday season that involves getting things on sale may be ending. Retailers have managed their inventories better than they did last year. Large stores will not be stuck with huge numbers of shelves of unsold gifts. That means that price cuts have already been made and that last minute mark downs [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Dec 2009 | 3:36 am Spanish broadcasters rally on consolidation talkShares of Antena 3 and Gestevision Telecinco rise Thursday as consolidation talk involving the two Spanish broadcasters swirled through the sector.
Source: MarketWatch.com - Top Stories | 17 Dec 2009 | 3:31 am The Apple (AAPL) Board Members: $100,000 A Meeting To Do NothingNew data from search firm Spencer Stuart shows that members of the boards of three American public companies make more than $100,000 a meeting. Two of the first are not terribly well known– Intuitive Surgical (NASDAQ:ISRG) and Nabor Industries (NYSE:NBR). The third company is Apple (NASDAQ:AAPL). The members of the board of the world’s premier consumer electronics [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Dec 2009 | 3:27 am Currencies: Fed, Greek worries send dollar rallyingThe dollar rises against major counterparts on Thursday.
Source: MarketWatch.com - Top Stories | 17 Dec 2009 | 3:22 am Dubai projects go ahead as leaders visit U.S.DUBAI (Reuters) - Top Dubai officials were due in New York on Thursday in an effort to rebuild confidence in the Gulf emirate's finances while at home, developers got back to the business of ambitious construction and leisure projects.Source: Reuters: Business News | 17 Dec 2009 | 3:18 am Dubai projects go ahead as leaders visit U.S. (Reuters)Reuters - Top Dubai officials were due in New York on Thursday in an effort to rebuild confidence in the Gulf emirate's finances while at home, developers got back to the business of ambitious construction and leisure projects.Source: Yahoo! News: Business | 17 Dec 2009 | 3:18 am Dubai projects go ahead as leaders visit U.S.DUBAI (Reuters) - Top Dubai officials were due in New York on Thursday in an effort to rebuild confidence in the Gulf emirate's finances while at home, developers got back to the business...Source: RSS feed - channel BNewsBusiness | 17 Dec 2009 | 3:18 am Further BA strike talks plannedTalks to try to avert Christmas strike action by British Airways cabin crew will resume on Thursday.Source: BBC News | Business | World Edition | 17 Dec 2009 | 3:17 am Samantha Cameron set for payout after Smythson saleSamantha Cameron, wife of Tory leader David Cameron, is in line for a payout after the £18m sale of Smythson, the luxury leather goods and stationery retailer where she works, the Financial Times reported.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Dec 2009 | 3:16 am Asian markets end mostly down, Shanghai drops 2.3%Worries over a surge in supply of new shares acts as a weight on Shanghai and Hong Kong.
Source: MarketWatch.com - Top Stories | 17 Dec 2009 | 3:16 am Will Congress Keep Raising The Debt Ceiling?The only chance that Republican House members and other Congressmen have to cap the rise of new spending bills is to put a ceiling on the national debt. There are simply too many expensive programs like healthcare coming through the legislature which have too much support to attack the federal debt issue one bill at [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Dec 2009 | 3:11 am Stock futures point to weaker start for Wall Street (Reuters)
Source: Yahoo! News: Business | 17 Dec 2009 | 3:07 am Stock futures point to weaker start for Wall Street (Reuters)
Source: Yahoo! News: Stock Markets News | 17 Dec 2009 | 3:07 am Stock futures point to weaker start for Wall Street(Reuters) - Stock index futures fell on Thursday, indicating a weaker start for Wall Street. Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq Composite were down 0.3 to 0.4 percent by 0944 GMT (4:55 a.m. EST).Source: Reuters: Business News | 17 Dec 2009 | 3:07 am Stock futures point to weaker start for Wall Street(Reuters) - Stock index futures fell on Thursday, indicating a weaker start for Wall Street. Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq Composite were downSource: RSS feed - channel BNewsBusiness | 17 Dec 2009 | 3:07 am Airline's collapse strands 4,500An operation begins to get 4,500 stranded holidaymakers home after Flyglobespan, Scotland's biggest airline, collapses.Source: BBC News | Business | World Edition | 17 Dec 2009 | 3:01 am Asia stocks fall as dollar rises after Fed meeting (AP)
Source: Yahoo! News: Stock Markets News | 17 Dec 2009 | 3:00 am Here Comes The Sun: Solar Stocks Soar (FSLR)(JASO)(ASYS)Early this year most solar stocks traded at multi-year lows. There were concerns that the demand for solar energy installations was being hurt by the recession and that component costs for solar installations where rising too fast. The solar industry has reached a point of renaissance and several of the largest firms in the industry have sharply [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Dec 2009 | 2:59 am London Markets: Miners under pressure in mildly lower LondonCommodity futures also weaken.
Source: MarketWatch.com - Top Stories | 17 Dec 2009 | 2:56 am UK retail sales in surprise fallUK retail sales fell 0.3% in November, according to official figures, despite analysts' predictions of a rise.Source: BBC News | Business | World Edition | 17 Dec 2009 | 2:55 am China's kung-fu monks to seek a listing on the stock marketThe ancient Shaolin temple - famous for its fighting kung-fu monks - will soon be a part of the stock market.Source: BBC News | Business | World Edition | 17 Dec 2009 | 2:54 am Dollar’s revival damps demand for stocksGlobal Markets Overview: Traders’ perception of an improvement in the Federal Reserve’s outlook for the US economy energised the country’s currency at the expense of Asian stock marketsSource: Financial Times - US homepage | 17 Dec 2009 | 2:44 am Retail sales tumble at fastest rate in six monthsBritish retail sales suffered an unexpected blow in November, dropping at the fastest rate since May and confounding expectations that strong figures in October would gain momentum in the run-up to Christmas. Source: Latest Business News from Times Online | 17 Dec 2009 | 2:40 am NAB bids $12bn for Axa Asia unitNational Australia Bank (NAB) offers to buy Australian insurer Axa Asia Pacific, which is already the subject of a bid from a local rival.Source: BBC News | Business | World Edition | 17 Dec 2009 | 2:40 am JJB Sports sees 29% fall in salesSports retailer JJB Sports reports a 29% decline in sales as it continues to recover from financial troubles.Source: BBC News | Business | World Edition | 17 Dec 2009 | 2:37 am Councils fight for Iceland cashUK council leaders are attending a creditors' meeting in Iceland to seek repayment from one of the country's ruined banks.Source: BBC News | Business | World Edition | 17 Dec 2009 | 2:28 am Europe Markets: European shares decline, Greece downgraded againEuropean shares weakened on Thursday.
Source: MarketWatch.com - Top Stories | 17 Dec 2009 | 2:05 am Carlsberg gets profit rise from Russian beer sellersCOPENHAGEN (Reuters) - Danish brewer Carlsberg said moves by Russian beer sellers to stock up before a tax hike takes effect next year will boost its 2009 operating profit by close to $60 million.Source: Reuters: Business News | 17 Dec 2009 | 1:59 am Abu Dhabi fund seeks cash from CitibankUS banking firm Citigroup has said it will vigorously defend itself against a claim filed by Abu Dhabi's sovereign wealth fund seeking four billion dollars over a 2007 share purchase deal.Source: RSS feed - channel BNewsBusiness | 17 Dec 2009 | 1:55 am Development to start on Nakheel's World islands: reportDUBAI (Reuters) - Development on Nakheel's The World islands, one of the assets the troubled state-linked developer may look to sell amid a debt crunch, is slated to begin within months,...Source: RSS feed - channel BNewsBusiness | 17 Dec 2009 | 1:53 am Development to start on Nakheel's World islands: reportDUBAI (Reuters) - Development on Nakheel's The World islands, one of the assets the troubled state-linked developer may look to sell amid a debt crunch, is slated to begin within months, according to a newspaper report on Thursday. Nakheel's parent company, Dubai World has asked creditors for a standstill on $26 billion in debt, including $6 billion related to its property units, Nakheel and Limitless.Source: Reuters: Business News | 17 Dec 2009 | 1:53 am Media Digest 12/17/2009 Reuters, WSJ, NYTimes, FT, BloombergReuters: Obama’s poll ratings on the economy dropped. Reuters: Bank of America (NYSE:BAC) picked insider Brian Moynihan as CEO. Reuters: Bernanke’s confirmation should pass its first hurdle. Reuters: The US delayed selling some of its Citigroup (NYSE:C) stock. Reuters: AIG (NYSE:AIG) will file an IPO for its Asian life insurance firm. Reuters: The US said Credit Suisse (NYSE:CS) schemed to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Dec 2009 | 1:51 am BA strike: some of the biggest industrial disputesSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Dec 2009 | 1:45 am Savills boosted on town and country demandSavills, the international estate agency, alerted shareholders today that its profits this year would be significantly higher than expected as it revealed that the slowdown in the market for smart town houses and country estates was much less acute than had been feared. Source: Latest Business News from Times Online | 17 Dec 2009 | 1:45 am JJB sales fall, cautious about ChristmasJJB Sports, the struggling British retailer, reported a 29pc drop in recent underlying sales and said it remained cautious about Christmas trading as, while stock levels were improved, they remained below normal.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Dec 2009 | 1:39 am Economy back on track, Zimbabweans celebrateCleopatra Matimbe, 24, pushes her trolley slowly through a busy supermarket in central Harare, picking up groceries for Christmas. Now it's hard for her to remember that last year, she...Source: RSS feed - channel BNewsBusiness | 17 Dec 2009 | 1:25 am Dollar's revival damps demand for stocks08:15 GMT. The dollar shot to its highest level in three months on Thursday after traders perceived the Federal Reserve had adopted a more upbeat tone regarding the US economy following its decision to...Source: RSS feed - channel BNPaperBusiness | 17 Dec 2009 | 1:24 am Chrysalis revenues rise, encouraged by new releasesChrysalis, the British music publisher, said on Thursday it had reported full-year revenues and operating profits ahead of its targets and had an encouraging release schedule for the current financial year.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Dec 2009 | 1:22 am Asia Markets And Europe Open (12/17/2009)Markets in Asia were lower. The fell .1% to 10,163. Mitsubishi UFJ (NYSE:MTU) fell. The Hang Seng was down 1.5% to 21,305. The Shanghai Composite was lower by 2.3% to 3,179. At the open in Europe, the FTSE was down .8% to 5,278. The Dax was off .8% to 5,859. The CAC 40 was down .5%. Data from Reuters and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Dec 2009 | 1:16 am Therese Poletti's Tech Tales: Oracle not making many concessions over SunLarry Ellison is not one to make concessions, writes Therese Poletti.
Source: MarketWatch.com - Top Stories | 17 Dec 2009 | 1:16 am Democrats vow to close Medicare 'doughnut hole'It's an annual ordeal for many seniors living on a budget. Medicare's coverage gap for prescription drugs _ $3,610 next year _ has steadily gotten bigger since the benefit's inception....Source: RSS feed - channel BNewsBusiness | 17 Dec 2009 | 1:10 am Kan., Mo. farms raise 'cute,' lucrative alpacasAlpaca farms are springing up across Missouri and Kansas as landowners realize the financial gains to be won from breeding the llama-like animals. Pat Mujica says he and his parents...Source: RSS feed - channel BNewsBusiness | 17 Dec 2009 | 1:09 am As wage theft rises, states and cities crack downThe old problem of bosses who don't pay immigrant workers what they're owed appears to be getting worse. Workers' rights centers say wage theft has become the No. 1 complaint they're...Source: RSS feed - channel BNewsBusiness | 17 Dec 2009 | 1:01 am Roy Edward Disney dies at 79; nephew of Walt helped revive animationIn the 1980s after establishing financial independence, he paved the way for a new management team that brought back to life the art form that defined Walt Disney Co. ...Source: RSS feed - channel BNPaperBusiness | 17 Dec 2009 | 1:00 am Democrats take aim at healthcare bill provisionThirty-one lawmakers, including 29 from California, object to a facet of the House and Senate bills that would allow insurers in one state to sell policies in many other states. ...Source: RSS feed - channel BNPaperBusiness | 17 Dec 2009 | 1:00 am Maguire Properties sells Lantana Entertainment campus in Santa MonicaThe debt-burdened firm's deal, valued at more than $200 million, is the largest office-building sale in L.A. County this year, brokers say. Buyers are Lionstone Group and the Recording Academy.Beleaguered Los Angeles commercial landlord Maguire Properties Inc. on Wednesday sold one of its prized properties: the Lantana Media Entertainment Campus in Santa Monica, home to several prominent entertainment firms.
Source: L.A. Times - Business | 17 Dec 2009 | 1:00 am Biotech bonanza lurks in healthcare reform billsA proposal by Rep. Anna Eshoo would give developers of innovative biomedical drugs 12 years of statutory protection from generic competition, significantly extending their patent rights.The debate over healthcare reform is focused on such a small number of hot issues -- should there be a public option, Medicare buy-in, government-paid mental health counseling for Sen. Lieberman? -- that dozens of other questions are cruising under the radar.
Source: L.A. Times - Business | 17 Dec 2009 | 1:00 am Bank of America names Brian Moynihan as new chief executiveThe chief of BofA's retail banking division will succeed Kenneth Lewis, who came under fire for his decision last year to acquire weakened Wall Street giant Merrill Lynch.Ending a tangled succession process, Bank of America Corp. named its retail banking chief, Brian Moynihan, on Wednesday to be its new chief executive.
Source: L.A. Times - Business | 17 Dec 2009 | 1:00 am Maguire Properties sells Lantana Entertainment campus in Santa MonicaThe debt-burdened firm's deal, valued at more than $200 million, is the largest office-building sale in L.A. County this year, brokers say. Buyers are Lionstone Group and the Recording Academy. ...Source: RSS feed - channel BNPaperBusiness | 17 Dec 2009 | 1:00 am Democrats take aim at healthcare bill provisionThirty-one lawmakers, including 29 from California, object to a facet of the House and Senate bills that would allow insurers in one state to sell policies in many other states.Proposals before Congress to allow insurance companies to market and sell healthcare policies nationwide are coming under attack from proponents of the current system of state-by-state oversight.
Source: L.A. Times - Business | 17 Dec 2009 | 1:00 am Turner Broadcasting adds to its TV holdings in IndiaThe Time Warner unit will pay $126.5 million for a 92% stake in the popular NDTV Imagine channel and some smaller assets. ...Source: RSS feed - channel BNPaperBusiness | 17 Dec 2009 | 1:00 am Google Goggles sets sights on visual searchThe program is hit-and-miss, working amazingly well on some items and badly enough on others that sometimes it's unintentionally funny.In the future, when Google Inc. rules over the entire universe, you won't have to necessarily type anything to do a search -- you'll just look at an object.
Source: L.A. Times - Business | 17 Dec 2009 | 1:00 am CalPERS backs requiring agents to register as lobbyistsIn response to a scandal in New York and revelations of big payments to one placement agent, the California state pension fund board votes 12 to 1 to endorse proposed legislation with new regulations...Source: RSS feed - channel BNPaperBusiness | 17 Dec 2009 | 1:00 am Credit Suisse to pay $536 million in Iran caseCredit Suisse Group has agreed to pay $536 million to settle a Justice Department probe and admit to violating U.S. economic sanctions by hiding the booming illegal business it was doing for Iranian banks...Source: RSS feed - channel BNPaperBusiness | 17 Dec 2009 | 1:00 am Broadcom ruling shifts scrutinyProsecutors of stock option backdating cases, not executives, will now be subjected to tough questioning. The...Source: RSS feed - channel BNPaperBusiness | 17 Dec 2009 | 1:00 am Broadcom ruling shifts scrutinyProsecutors of stock option backdating cases, not executives, will now be subjected to tough questioning.The stunning dismissals of criminal cases against three former Broadcom Corp. executives in the last week focused on what the judge called "shameful" misconduct by prosecutors. But at the core, he had something more telling to say: Prosecutors couldn't prove the defendants did anything wrong.
Source: L.A. Times - Business | 17 Dec 2009 | 1:00 am Housing starts accelerate in NovemberA historically warm November after an unusually cold October partly explains the rise, an economist says. But it's still a positive sign for the housing market and real estate industry.Home builders broke ground on new residences at a faster clip in November than in October, a positive sign for the housing market and the residential real estate industry.
Source: L.A. Times - Business | 17 Dec 2009 | 1:00 am Bank of America names Brian Moynihan as new chief executiveThe chief of BofA's retail banking division will succeed Kenneth Lewis, who came under fire for his decision last year to acquire weakened Wall Street giant Merrill Lynch. ...Source: RSS feed - channel BNPaperBusiness | 17 Dec 2009 | 1:00 am Antitrust lawsuit seeks fundamental changes at IntelInstead of a fine, the FTC wants the chip maker to be barred from using some business practices that the agency says give the company an unfair advantage. Intel calls the case 'misguided.'Federal regulators on Wednesday accused Intel Corp. of abusing its market dominance to stifle competition in a lawsuit that, instead of seeking monetary damages, would impose more painful, fundamental changes on the way the world's leading computer chip maker does business.
Source: L.A. Times - Business | 17 Dec 2009 | 1:00 am Housing starts accelerate in NovemberA historically warm November after an unusually cold October partly explains the rise, an economist says. But it's still a positive sign for the housing market and real estate industry. ...Source: RSS feed - channel BNPaperBusiness | 17 Dec 2009 | 1:00 am Fed chief endures a love-hate relationship with CongressBen Bernanke is likely to get a second term despite being savaged by both parties. On the eve of a Senate panel vote, the Fed decides to keep a key interest rate near zero.Federal Reserve Chairman Ben S. Bernanke has been praised by President Obama and hailed by most mainstream economists for bold policies that played a critical role in pulling the U.S. economy back from the brink of disaster.
Source: L.A. Times - Business | 17 Dec 2009 | 1:00 am Shoppers have finished less than half their holiday shopping, survey findsAs of the middle of last week, the average consumer had bought only 46.7% of his or her gifts, down from 47.1% at the same time last year, the National Retail Federation said.Christmas is right around the corner, but your gift might still be sitting at the mall.
Source: L.A. Times - Business | 17 Dec 2009 | 1:00 am Thousands stranded as Globespan Group travel company collapsesThousands of British holidaymakers today faced a battle to return home for Christmas after waking up in hotels around the world to discover that their flights had been cancelled. Source: Latest Business News from Times Online | 17 Dec 2009 | 12:57 am S.Korea court approves rescue plan for SsangyongSouth Korea's debt-burdened Ssangyong Motor was on Thursday thrown a new lifeline after a court approved a rescue plan that had recently been rejected by the auto maker's foreign creditors.Source: RSS feed - channel BNewsBusiness | 17 Dec 2009 | 12:56 am Carlsberg raises 2009 earnings guidanceCOPENHAGEN (Reuters) - Danish brewer Carlsberg raised its full-year 2009 operating profit guidance to at least 9.3 billion crowns ($1.82 billion) from a previous forecast of at least 9.0...Source: RSS feed - channel BNewsBusiness | 17 Dec 2009 | 12:53 am JJB warns of 'difficult' trading as sales plunge 52%JJB Sports, the embatttled retailer, warned today that trading this Christmas would be difficult because it hadn't managed to secure as much stock as it would like as sales plunged 52 per cent. Source: Latest Business News from Times Online | 17 Dec 2009 | 12:47 am Simon Constable: Exxon-XTO may bring energy independenceExxon's decision to buy XTO Energy shows it can do something that the government cannot: Help bring energy independence to the U.S.
Source: MarketWatch.com - Top Stories | 17 Dec 2009 | 12:38 am Aussie market gives back most early gainsMELBOURNE - The Australian share market finish flat after losing much of its early gains, wityh National Australia Bank's move to buy the local and New Zealand assets of AXA Asia Pacific Holdings Ltd a highlight.The benchmark...Source: nzherald.co.nz - Business | 17 Dec 2009 | 12:37 am Shaolin Temple's kung fu monks prepare IPOThe 1,500-year-old Shaolin Temple, the birthplace of kung fu, is preparing for a 1bn yuan (£85m) initial public offering (IPO), government sources have confirmed.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Dec 2009 | 12:32 am Bank of America picks insider Brian Moynihan as new chief executiveBank of America has appointed Brian Moynihan, the head of its retail bank, as its new chief executive as America's biggest lender seeks to return to financial health.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Dec 2009 | 12:23 am Wealthworkout: Ipswich scores again with a fixed rate bond at 5.1pcSavers have more than 2,300 products from about 150 different providers to chose from.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 16 Dec 2009 | 11:40 pm Allied Farmers shares fall in day of contrastsThe price of Allied Farmers shares dropped like a stone when they resumed trading today while Nuplex and Hallenstein Glasson rose after expressing optimism about profit outlooks.It was a day of contrasts on the NZX today and overall...Source: nzherald.co.nz - Business | 16 Dec 2009 | 11:36 pm Dollar falls as US rises against euroThe New Zealand dollar fell today as the US dollar rose strongly against the euro."I think we are seeing a reversal of positions we have seen for a long time now," said Derek Rankin of Rankin Treasury."The market has been...Source: nzherald.co.nz - Business | 16 Dec 2009 | 10:49 pm BofA names Moynihan as new chiefBank names Brian Moynihan to be its next chief executive, keeping the job within the company and disappointing some institutional shareholders who have been agitating for a leadership changeSource: Financial Times - US homepage | 16 Dec 2009 | 10:48 pm Bank of America names Brian Moynihan as new chief executiveBank of America has named Brian Moynihan as its new chief executive, ending a fraught three-month search to replace Kenneth Lewis. Source: Latest Business News from Times Online | 16 Dec 2009 | 10:23 pm Peter Brimelow: Investing wisdom from the northThe Toronto-based Investment Reporter, currently the 11th-best performer among the 180+ letters monitored by the Hulbert Financial Digest, has some interesting advice, including a few U.S. stock picks.
Source: MarketWatch.com - Top Stories | 16 Dec 2009 | 10:23 pm The Stockpickers: Overlooked stocks catch fund manager's eyeMatthew Kaufler likes uncertainty. The manager of Federated Clover Value Fund scours the market for stocks that are being buffeted by changes and ensuing investor worries.
Source: MarketWatch.com - Top Stories | 16 Dec 2009 | 10:01 pm Robert Powell: The best gifts for retireesThe holiday season is upon us. Chanukah is here. Christmas is just a week away. Kwanzaa starts shortly after. No doubt you’re trying to find the perfect gift for that special person in your life -- the retiree, the semi-retiree or the soon-to-be retiree.
Source: MarketWatch.com - Top Stories | 16 Dec 2009 | 10:01 pm Online Banking Glitch Hits Some Quicken Users (Bank Notes)In era when late bills jeopardize credit scores, Chase customers report bug.
Source: SmartMoney.com | 16 Dec 2009 | 10:00 pm Invesco Is Getting Bigger -- and More SavvyAn expanding fund lineup gives the asset manager the scale to thrive.
Source: SmartMoney.com | 16 Dec 2009 | 10:00 pm Last Call for Free Holiday Shipping (Deal of the Day)Want it in time for Christmas? Order today -- but mind the pitfalls.
Source: SmartMoney.com | 16 Dec 2009 | 10:00 pm Stocks and Climate Talks: The Copenhagen Effect (On the Street)With stalemate looming in talks, our look at 5 sectors affected.
Source: SmartMoney.com | 16 Dec 2009 | 10:00 pm 3 Stocks That Insiders Are Buying (Screens)Hough: These companies' executives are grabbing shares. Should you?
Source: SmartMoney.com | 16 Dec 2009 | 10:00 pm The Unseen Danger of Leveraged ETFs (Active Trader)How these rapidly selling products can crush you over time.
Source: SmartMoney.com | 16 Dec 2009 | 10:00 pm NAB trumps AMP in $12 bln offer for AXA Asia-PacSYDNEY (Reuters) - National Australia Bank made a surprise trump bid for AXA Asia Pacific Holdings' Australian and New Zealand units on Thursday, in a cash deal that would value all of the target firm at around $12 billion.Source: Reuters: Business News | 16 Dec 2009 | 9:57 pm NAB trumps AMP in $12 bln offer for AXA Asia-Pac (Reuters)
Source: Yahoo! News: Business | 16 Dec 2009 | 9:57 pm Bank of America names Moynihan next CEONEW YORK/CHARLOTTE, North Carolina (Reuters) - Bank of America Corp on Wednesday tapped insider Brian Moynihan as its next chief executive, ending months of speculation about who would succeed Kenneth Lewis to lead the largest U.S. bank.Source: Reuters: Business News | 16 Dec 2009 | 9:30 pm Bank of America names Moynihan next CEO (Reuters)
Source: Yahoo! News: Business | 16 Dec 2009 | 9:30 pm Business confidence softens but other indicators upBusiness confidence softened for a third successive month but employment intentions and profit expectations are up, according to the December National Bank Business Outlook survey.Exporting intentions were resilient in the face...Source: nzherald.co.nz - Business | 16 Dec 2009 | 9:00 pm Hallenstein Glasson hopeful of profit riseClothing retailer Hallenstein Glasson Holding's first half profit could be "comfortably ahead of last year", chairman Warren Bell says.That advice was based on current sales trends, but Bell told the company's annual meeting today...Source: nzherald.co.nz - Business | 16 Dec 2009 | 8:30 pm FTC sues IntelThe Federal Trade Commission said Wednesday it is suing Intel Corp., the world's largest chip maker, for alleged anticompetitive practices.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 8:15 pm Stimulus Phase 2: Infrastructure and jobsThe largest stimulus program in the nation's history is starting to move into a new phase: Out with the rescue, in with new spending to create jobs.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 8:12 pm U.S. delays its $5 billion Citi sale after weak pricingNEW YORK/WASHINGTON (Reuters) - The U.S. Treasury delayed a plan to sell its $5 billion of Citigroup Inc shares after a stock offering by the bank attracted weak demand and priced at a much lower-than-expected $3.15 a share.Source: Reuters: Business News | 16 Dec 2009 | 8:03 pm BofA taps insider as new CEOBank of America appointed senior executive Brian Moynihan as its new chief executive officer, the company said late Wednesday, putting an end to months of speculation about who would lead the nation's largest bank.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 7:10 pm Expect crowded highways this holidayExpect crowded skies and highways if you're planning to travel this holiday season, as millions more take to the road, according to a forecast issued Wednesday by motorist group AAA.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 6:59 pm AIG to file prospectus for AIA IPO: report (Reuters)Reuters - Bailed-out U.S. insurer American International Group plans to file a prospectus for a multibillion-dollar IPO of its Asian life insurance unit before Christmas, the Financial Times reported on Thursday.Source: Yahoo! News: Business | 16 Dec 2009 | 6:57 pm AIG to file prospectus for AIA IPO: reportLONDON (Reuters) - Bailed-out U.S. insurer American International Group plans to file a prospectus for a multibillion-dollar IPO of its Asian life insurance unit before Christmas, the Financial Times reported on Thursday.Source: Reuters: Business News | 16 Dec 2009 | 6:57 pm House approves $154 billion jobs packageThe House Wednesday overwhelmingly approved extending the filing deadline for unemployment benefits and the COBRA health coverage subsidy through the end of February.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 6:48 pm Fed: Rates to stay lowThe Federal Reserve kept its key interest rate near 0% and appeared ready to do so for the foreseeable future, after declaring Wednesday that despite signs of improvement, the nation's economy is likely to remain weak.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 6:43 pm Allied Farmer shares plunge after trading halt liftedAllied Farmers shares plunged 31 per cent, falling 6 cents from 19 cents to 13 cents after a trading halt was lifted just before noon.These shares have been sold by existing Allied Farmers shareholders, since Hanover investors...Source: nzherald.co.nz - Business | 16 Dec 2009 | 6:00 pm Citibank prices equity offering at $20.5 billionCitigroup said Wednesday it intends to raise $20.5 billion in the stock market as part of its plan to repay bailout money and free itself from government restrictions.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 5:51 pm Citigroup's share sale under fireCitigroup’s problems mounted after it was accused of misleading a major shareholder and sold $17bn of shares at such a low price that the US government was forced to delay the partial sale of its stake in the bank.Source: Financial Times - US homepage | 16 Dec 2009 | 5:48 pm Nuplex ups profit guidanceResin manufacturer Nuplex Industries Ltd has increased its profit forecast and signalled a restructuring of its business.The company has upped its profit guidance for the year to June 30 to between $110 million and $120 million...Source: nzherald.co.nz - Business | 16 Dec 2009 | 5:45 pm Consumers face reality checkConsumer confidence slipped a little in the December quarter but remained positive, according to the Westpac McDermott Miller consumer confidence index.The latest index reading came in at 116.9, from 120.3 in September. An index...Source: nzherald.co.nz - Business | 16 Dec 2009 | 5:40 pm No deal on estate taxSenate Democrats failed to reach a deal on Wednesday with Senate Republicans to temporarily extend the estate tax into 2010, when it is scheduled to be repealed for one year.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 5:27 pm SEC charges four with insider tradingThe US crackdown on insider trading widened as the Securities and Exchange Commission accused four people, including former employees of Lazard and TPG, of trading improprieties involving some of the decade’s biggest dealsSource: Financial Times - US homepage | 16 Dec 2009 | 5:12 pm At the crossroadsWhich way will the UN climate change talks turn?Source: BBC News | Business | World Edition | 16 Dec 2009 | 5:02 pm Fund Investing, HMO Stocks, AIG, Africa: Taking Stock PodcastSource: Bloomberg - All Podcasts | 16 Dec 2009 | 5:01 pm Africa lowers sights to boost hopes of doing cut-price deal in CopenhagenAfrican nations have reduced their demands for compensation from rich countries for the impact of climate change and suggested a compromise that could lead to an historic agreement at the Copenhagen summit. Source: Latest Business News from Times Online | 16 Dec 2009 | 5:01 pm Revenue prepares to close North Sea national insurance loopholeThe Government is investigating a tax loophole that has allowed the North Sea oil industry to avoid paying hundreds of millions of pounds in national insurance contributions, The Times has learnt. Source: Latest Business News from Times Online | 16 Dec 2009 | 5:01 pm Abu Dhabi demands compensation from CitigroupAbu Dhabi’s biggest sovereign wealth fund has accused Citigroup of tricking it into agreeing to pay $7.5 billion ($£4.6 billion) for overpriced stock. Source: Latest Business News from Times Online | 16 Dec 2009 | 5:01 pm UK helicopter-making under threat as MoD nods to BoeingBritain’s ability to build helicopters could come to an end within ten years after the Ministry of Defence switched a contract to the Americans as part of its latest round of budget cuts. Source: Latest Business News from Times Online | 16 Dec 2009 | 5:01 pm Good figures conceal a not-so-good truthFirst it was surging inflation. Then it was a fall in unemployment benefit claimants. These are signs that the economy is going like a train. Yet, sadly, it isn’t. Source: Latest Business News from Times Online | 16 Dec 2009 | 5:01 pm AIG Asian unit listing set to raise up to $20bnAIG is in advanced preparations for a listing of its flagship Asian life assurance unit, forecast to raise billions of dollars that will be used to start repaying the more than $80bn that the company owes the US government.Source: Financial Times - US homepage | 16 Dec 2009 | 5:00 pm Citi Prices Largest Offering in U.S. History; Wrong Time & Price (C)Citigroup Inc. (NYSE: C) was already in our “top after-hours trading movers” because of weakness in its share price on the discounted secondary offering. That is no longer conjecture. Citi’s secondary offering is for 5.4 billion shares of common stock and 35 million tangible equity units that will be used to repay its TARP obligations. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Dec 2009 | 5:00 pm Westpac: Tax change would cut home pricesSome of the tax changes under consideration would reduce house prices and raise rents, but they would also increase home ownership, Westpac economists say.Their conclusions are based on a mathematic model which derives what a...Source: nzherald.co.nz - Business | 16 Dec 2009 | 5:00 pm Procedural disputes block climate accordWorld leaders gather at the Copenhagen climate conference as police clash with demonstrators amid mounting tensions ahead of Friday’s deadline for reaching a dealSource: Financial Times - US homepage | 16 Dec 2009 | 4:54 pm More upbeat Fed leaves policy on hold for now (Reuters)
Source: Yahoo! News: Business | 16 Dec 2009 | 4:47 pm More upbeat Fed leaves policy on hold for nowWASHINGTON (Reuters) - The Federal Reserve on Wednesday voiced growing optimism on the U.S. economy as job losses slow, but repeated a vow to keep interest rates unusually low for "an extended period."Source: Reuters: Business News | 16 Dec 2009 | 4:47 pm Qantas engineers may strikeQantas and Jetstar engineers in Australia plan to walk off the job today, claiming they are overworked and often getting less than four hours sleep between jobs.The Association of Professional Engineers, Scientists and Managers...Source: nzherald.co.nz - Business | 16 Dec 2009 | 4:45 pm Write-Offs: 12.16.09$$$ Allen Stanford found in contempt over legal fees [Reuters] $$$ One Last Bailout For Citi? [Deal Journal] $$$ Lehman Bankruptcy Judge Approves $50 Million Bonuses [Bloomberg] $$$ Moore Vet Founds Ex-Soviet Hedge Fund [FINalternatives] 
 Source: Dealbreaker | 16 Dec 2009 | 4:38 pm Fed signals pullback in liquidity supportsThe Federal Reserve upgraded its assessment of the economy and highlighted its intention to shut down most of its crisis-fighting liquidity facilities in early 2010.Source: Financial Times - US homepage | 16 Dec 2009 | 4:26 pm Big challengeHow should leaders create a low carbon future?Source: BBC News | Business | World Edition | 16 Dec 2009 | 4:23 pm Idol creator’s new show to launch onlineSimon Fuller, the creator of American Idol, will premiere his new entertainment show on Hulu, the online video site, several months before its expected airing on network television, in a move that signals a shift the dynamics of US broadcastingSource: Financial Times - US homepage | 16 Dec 2009 | 4:15 pm Lazard ex-banker charged with insider trading (Reuters)Reuters - U.S. prosecutors filed criminal charges against a former Lazard Freres banker on Wednesday for alleged insider trading that earned him and others $500,000 in illegal profits.Source: Yahoo! News: Stock Markets News | 16 Dec 2009 | 4:09 pm Top After-Hours Trading Movers (FSLR, CNO, HOV, FUN, C)We have several key movers in the after-hours trading session tonight. We have more details for price and volume analysis and comparison data on each stock with a link over to VSInvestor.com: First Solar, Inc. (NASDAQ: FSLR) is still up 2.75% on its guidance, but that is short of its highs in the after-hours session on [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Dec 2009 | 4:09 pm How the major stock indexes fared on Wednesday (AP)AP - The stock market stalled after an early advance Wednesday as the Federal Reserve reminded investors that it would start to wean the economy from an array of emergency supports next year.Source: Yahoo! News: Stock Markets News | 16 Dec 2009 | 4:03 pm Insurers to launch reputational risk productInsurers are planning to introduce a new product to help companies limit the financial fall-out when their brands or high-profile spokesmen such as Tiger Woods suffer reputational damageSource: Financial Times - US homepage | 16 Dec 2009 | 4:01 pm Stocks stall as Fed prepares to remove aid (AP)
Source: Yahoo! News: Stock Markets News | 16 Dec 2009 | 4:01 pm NC lottery retailers can win jackpot now, too (AP)AP - North Carolina's 6,100 lottery retailers will now get more than publicity when someone wins a big jackpot at their stores — they'll get cash, too.Source: Yahoo! News: Business | 16 Dec 2009 | 3:46 pm Another billion in small biz credit vanishesThe small business credit crunch is still deepening: Major banks cut their small business loan balances by another $1 billion in October, according to a Treasury report released late Tuesday.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 3:42 pm SEC Will No Longer Schedule Incompetent InspectionsNow if only they had the talent to actually catch the bad guys. U.S. regulators, seeking to impose stiffer rules on money managers a year after Bernard Madoff's arrest, will require that investment advisers who have control over clients' cash and securities get surprise inspections. SEC Requires Surprise Exams in Response to Madoff Ponzi Scheme [Bloomberg]
Source: Dealbreaker | 16 Dec 2009 | 3:31 pm Consumer prices edge higher, housing starts up (Reuters)Reuters - U.S. consumer prices rose modestly last month, while new home building bounced back from an October slump, suggesting inflation is not yet a concern even as the economy's recovery moves forward.Source: Yahoo! News: Business | 16 Dec 2009 | 3:21 pm Consumer prices edge higher, housing starts upWASHINGTON (Reuters) - U.S. consumer prices rose modestly last month, while new home building bounced back from an October slump, suggesting inflation is not yet a concern even as the economy's recovery moves forward.Source: Reuters: Business News | 16 Dec 2009 | 3:21 pm Stocks skid after Fed holds ratesStocks ended mixed Wednesday after the Federal Reserve left interest rates unchanged, saying market conditions were helping the recovery but weakness will persist.Source: Business and financial news - CNNMoney.com | 16 Dec 2009 | 3:11 pm US interest rates remain on holdThe Federal Reserve decides to keep US interest rates on hold at between 0% and 0.25%, as widely expected.Source: BBC News | Business | World Edition | 16 Dec 2009 | 3:02 pm AMD, Beazer, Playboy, Technitrol are big movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:Source: Yahoo! News: Stock Markets News | 16 Dec 2009 | 2:54 pm A Look at America’s Top 200 CharitiesThere are currently 1.4 million non-profit organizations in the United States, all of which are competing for your tax-free charitable donations. Despite the recent economic meltdown, charitable organizations have somehow managed to grow in recent years. The following takes a look at the Top 200 biggest charities in the United States and puts a humbling perspective into just how large the non-profit sector has become. From the geographic make-up of some of the top charity headquarters, down to the salaries of the people who run them – You’ll find it all in our crash course on the top 200 charities in the United States. (click to enlarge)
Source: Business Pundit | 16 Dec 2009 | 2:51 pm Kesa returns to profitKesa owner of electricals chain Comet returned to the black over the first half of its financial year.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 16 Dec 2009 | 2:41 pm SEC cracks down on how companies are governed (Reuters)Reuters - U.S. companies will have to disclose their compensation practices for all employees and their board members' qualifications under rules adopted by the Securities and Exchange Commission on Wednesday.Source: Yahoo! News: Stock Markets News | 16 Dec 2009 | 2:39 pm JP Morgan accused of driving down Washington Mutual's share priceJP Morgan Chase is being accused of attempting to drive down Washington Mutual's share price ahead of the Seattle-based bank's collapse at the height of the financial crisis in September 2008.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 16 Dec 2009 | 2:37 pm First Solar Mixed Guidance, Great Reception (FSLR)First Solar Inc. (NASDAQ: FSLR) has laid out its 2010 financial guidance, and it announced plans to add eight production lines at its manufacturing center in Kulim, Malaysia starting production in first half of 2011. The company gave 2010 sales of $2.7 billion to $2.9 billion, on earnings of $6.05 to $6.85 EPS. Thomson Reuters [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Dec 2009 | 2:21 pm Podcast: SEC Just Now Seeking Key Information On Meltdown
SEC Headquarters in Washington, D.C. (AP) On today's Planet Money: In an ongoing investigation by ProPublica, a non-profit investigative newsroom, in collaboration with NPR's Planet Money, reporters found that almost three years since banks starting taking losses that led to the worst financial crisis since the Great Depression, the Securities and Exchange Commission is still asking basic questions about what happened. Planet Money's Adam Davidson and Chana Joffe-Walt and Propublica's Jake Bernstein and Jesse Eisinger talk about the story, published today on NPR.org. Jake Bernstein and Jesse Eisinger also discussed the story today on All Things Considered. Download the podcast; or subscribe. Music: Lady Gaga's "Beautiful, Dirty, Rich" » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 16 Dec 2009 | 2:16 pm Presented By:Source: Dealbreaker | 16 Dec 2009 | 2:15 pm SAC Capital, Steve Cohen (And His Brother) Sued By Ex-Mrs. C
Source: Dealbreaker | 16 Dec 2009 | 2:15 pm Darling 'hiding' extent of spending cutsAlistair Darling has been accused of concealing Treasury figures showing how deep Labour's planned spending cuts will be and where the axe would fall on public services.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 16 Dec 2009 | 2:10 pm Team Health IPO Scores Poorly on IPO Report Card (TMH)Team Health Holdings, Inc. (NYSE: TMH) did not drop out of the chute, but many are going to say that Team took one for the team. The company priced 13.3 million shares in an IPO at $12.00 per share. The problem with this one was that Team was supposed to originally sell 20 million shares [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 16 Dec 2009 | 1:38 pm SEC backs broader disclosure on executive pay (AP)AP - Federal regulators voted Wednesday to require companies to reveal more information about how they pay their executives amid a public outcry over compensation.Source: Yahoo! News: Stock Markets News | 16 Dec 2009 | 1:27 pm SEC backs broader disclosure on executive pay (AP)AP - Federal regulators voted Wednesday to require companies to reveal more information about how they pay their executives amid a public outcry over compensation.Source: Yahoo! News: Business | 16 Dec 2009 | 1:27 pm SEC Just Now Seeking Key Information On MeltdownIn an ongoing investigation by ProPublica, a non-profit investigative newsroom, in collaboration with NPR's Planet Money, reporters found that almost three years since banks starting taking losses that led to the worst financial crisis since the Great Depression, the Securities and Exchange Commission is still asking basic questions about what happened. Accoring to the report, the SEC is conducting an information-gathering sweep of the key players in the market for collateralized debt obligations, the bundles of mortgage securities whose sudden collapse in price was at the center of the meltdown of the global banking system. Propublica's Jake Bernstein and Jesse Eisinger will discuss the story on today's All Things Considered. (Audio available at approx. 7 pm.) In a letter dated Oct. 22, the SEC sent what amounts to a questionnaire to a number of collateral managers, the middlemen between the investment banks that created the complex financial products and the investors who bought them. "One wonders why this letter, especially given the general nature of it, is just now being sent and why wasn't it sent several years ago as the CDO market was exploding," says Lynn Turner, who was the SEC's chief accountant in the late 1990s. "It makes it look like the SEC is several years behind the markets."
» E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 16 Dec 2009 | 1:27 pm Holiday Tree Business GrowsBy Daniel Costello Scott Martin, a California landscape architect and a "tree hugger in a literal sense," has started a small holiday business that is taking off: rentable Christmas trees. To rent a tree, a customer visits his Web site, www.livingchristmas.com, picks out a tree from among several varieties and then awaits delivery. Delivery days are determined by geography, to save time and gas. Prices range from $50, for a two-to-three-foot number, up to $185 for something considerably bigger. While two weeks is the recommended length of stay for a live tree in a house, Mr. Martin lets his customers keep them for three weeks. Bonus: People who want the same tree next year ask for the tree to be tagged with their name, so it might return next December, taller. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 16 Dec 2009 | 1:11 pm Who Needs An Appeal When You've Got Amnesty?
Just two Americans--out of the 500 notified last month that they were to be outed--have filed an appeal, so far. Switzerland warned them that the jig was up on Nov. 24 and gave them a month to appeal. Another 4,000 people are to have their account data handed over to the Justice Dept. under an August deal between Switzerland and the U.S. government; nothing has yet been divulged.
Source: Dealbreaker | 16 Dec 2009 | 1:08 pm Gallagher Discusses U.S. Government, Health Care: AudioSource: Bloomberg - All Podcasts | 16 Dec 2009 | 1:01 pm Karl Says Inflation Would Rise Without Fed Independence: AudioSource: Bloomberg - All Podcasts | 16 Dec 2009 | 12:58 pm Morgan Stanley's Caron Says Yield Curve to Steepen: AudioSource: Bloomberg - All Podcasts | 16 Dec 2009 | 12:56 pm Levitt Calls Idea That Goldman Is Less Ethical `Fiction': AudioSource: Bloomberg - All Podcasts | 16 Dec 2009 | 12:54 pm Fed Holds SteadyBy Daniel Costello No surprise here: the Federal Reserve left its monetary policy unchanged after its last policy meeting of the year. As expected, the Fed continued to signal that it will hold rates steady for a long time although it did indicate a more upbeat take on growth prospects in 2010. The federal funds rate will remain at the historically low range of zero to 0.25%, where is has been for the past year. Economic conditions "are likely to warrant exceptionally low levels of the federal funds rate for an extended period," the Fed said. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 16 Dec 2009 | 12:36 pm Brussels accepts Microsoft’s browser offerEU regulators have accepted the US software group’s offer to allow users in Europe to choose rival internet browsersSource: Financial Times - US homepage | 16 Dec 2009 | 12:28 pm 10 Perfect Gifts for Small Business OwnersDo you have a small business owner in your life? Your client, vendor, lender, tenant, or even media contact could be a small business type. And don’t forget friends and relatives. Buying a gift for small business owners isn’t easy. How do you know what they need or want? Can you guess what they’ll appreciate most? We did the dirty work for you by researching ten products sure to satisfy the majority of small business owners. Find one that best fits your budget and gifting goals, then watch the smile grow on your recipient’s face. Travel gear
Hardware
Software
If it’s hard to nail down exactly what your recipient needs most, try these products: –Internet stamps. Nothing sucks up time and patience like a trip to the post office. With internet stamps, your giftee can forget about those long lines. –An online invoicing system like FreshBooks. This will save your small business owner precious time and tedious backup schedules while keeping him organized. –A subscription to an email marketing system like MailChimp. Custom layouts and response tracking will help your recipient look professional while tracking the success of her marketing campaign. Promotional Items–Branded for Them
Edibles–Branded by You
A few ideas: –Branded coffee or tea. You can also create your own branded stickers, custom-cut for your product of choice. Ideally, your recipient will associate you with the good times they had eating your treats. A Donation
It helps to find out what charity your giftee is most interested in. Call them to find out, or offer them a choice of donations through a multi-donation site like CharityChoice. Subscriptions
Printing Services
Books
Every industry has its annual must-reads. If your small business owner has a little catch-up reading to do, send him his industry or profession’s books of choice. If you’re at a loss, check out the New York Times’ current list of business bestsellers. A gift certificate, though less personal, will also do. Office items
Source: Business Pundit | 16 Dec 2009 | 12:25 pm 46 Businesses With Hilariously Bad NamesKanye?
This Just Seems Mean
That’s Ok, I’m Good
The First Motel To Charge By The Minute?
Real Discrete
Definitely Hire These Guys
Clearly Nobody Felt It Was Their Place To Tell The Owners … Awkward
Tapping Into A Reliable Market
Way Too Dangerous
This All Needs To Be One Store, I Agree
Aim For The Middle, It’s Easier
Live …
Cultural Differences
How Many Guys Across America Have Chosen This For Their Bait Store Name? I’m Guessing Quite A Few
Harsh
Not As Exciting As The Name Led Me To Believe
Real Subtle
JoAnn Sounds Like A Psycho
I Knew Plenty Of Girls In College Who Managed To Do This Without Special ID Cards …
Destroying Stereotypes
I Had No Idea They Were Breakable
Refusing To Recognize Hawaii Since 1959
Finally Found It!
I’m Sure People Came From Miles Around
Astroglide Finally Has Competition
Dad Is An Especially Big Fan
Selling Wood
SWAT Team Is On The Way
Could They Make This Any Dirtier?
Painful
ALL Types
Surely They Realize? Right?
The Suspense Is Killing Me. Chicken, Fish & What??
Reinforcing Unfortunate Stereotypes
Nouns Into Verbs
The Logo Really Completes The Name
I Still Miss Beavis and Butthead
Get All That Resin Out
Hands Down Worst Store In The Mall
Tough For The Other Pizza Places To Beat This Offer
There’s A Lot Going On Here
MEN’S Hair Salon? You Don’t Say
I Thought This Trend Was Fairly Recent, But This Shop Looks Ancient
Like PB&J
Really Honing In On That Niche
Source: Business Pundit | 16 Dec 2009 | 12:14 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 Wednesday:Source: Yahoo! News: Stock Markets News | 16 Dec 2009 | 12:13 pm Lazard, TPG Ensnared In Latest Insider-Trading CaseDeveloping: The Securities and Exchange Commission has filed civil charges against four people allegedly involved in a "serial insider-trading scheme." One is a former employee of Lazard Freres, another of Texas Pacific Group. The ex-Lazard employee, Adnan Zaman, has already settled the charges without admitting or denying any wrongdoing. SEC Charges Former Employees of Global Firms in Serial Insider Trading Scheme [press release]
Source: Dealbreaker | 16 Dec 2009 | 12:07 pm Eliot Spitzer's Stiff Competition
1. Sexism I will run firstly to highlight the inequities and sexism in our criminal justice system which penalizes women, minorities and poor people while wealthy, connected white men like Eliot Spitzer evade justice. Our system that allows Spitzer to walk on money laundering and violating the Mann act (transporting a prostitute across state lines), but sends Plaxico to prison for seven years for shooting himself in the foot is ripe for real reform. 2. Qualifications, namely, her superior ones At the same time I am just as qualified for the position of comptroller than Spitzer, a bully who used the Attorney general's office to blackmail business but whose record in court was embarrassing. I managed the operations for a hedge fund for 10 years, I was VP by the age of 26. I built a multi-million dollar International business out of nothing. I will have my Masters degree before election day in November 2010 as I am finishing my dissertation now. Unlike Prince Eliot I worked for everything I achieved; Daddy paid his way. 3. Because Spitzer wore black socks during sex
Source: Dealbreaker | 16 Dec 2009 | 11:54 am Cobalt International shares fall in market debut (AP)AP - Shares of oil exploration company Cobalt International Energy Inc. slipped following their New York Stock Exchange debut on Wednesday.Source: Yahoo! News: Stock Markets News | 16 Dec 2009 | 11:53 am Should I Not Have Done That?Here are a list of reasons why one could, if you work in an environment with freaky-ass rules, reasonably expect to get fired and/or strongly reprimanded: * Insider trading (sometimes) * Banging the boss's wife * Pissing in an underling's mouth * Aggressive use of whiteboard markers * Organizing cockfighting events on the floor * Buying prosties on the company dime. Here's why four Fidelity employees did get fired: fantasy football.
Source: Dealbreaker | 16 Dec 2009 | 11:22 am Heavy taxes fuel Danes' clean economyDenmark is far ahead of the U.S. in moving to a clean economy. Sam Eaton reports on the sacrifice the Danes are making to build a low-carbon future.Source: Marketplace | 16 Dec 2009 | 11:04 am Insurers must be forced to competeA way to cut costs in the health care system is competition, but it's strangely missing from the Senate debate. Commentator Robert Reich says if Americans are going to be required to get health insurance, that must change.Source: Marketplace | 16 Dec 2009 | 11:04 am Will importing drugs save U.S. costs?One of the more contentious issues in the Senate debate over health care is whether to allow Americans import lower-cost prescription drugs from other countries. Nancy Marshall Genzer reports.Source: Marketplace | 16 Dec 2009 | 11:04 am China, U.S. at odds over cutting carbonThe U.S. and China are the world's largest emitters of heat-trapping gases. But they have big disagreements about how much carbon to cut and who should pay for it. Scott Tong reports.Source: Marketplace | 16 Dec 2009 | 11:04 am Deadlock at Copenhagen conferenceAt the UN climate conference, negotiations are crawling along as protesters take to the streets. Stephen Beard talks with Kai Ryssdal about what's going on in Copenhagen.Source: Marketplace | 16 Dec 2009 | 11:03 am BA strike may strand holiday travelersCabin crews at British Airways have voted to launch a 12-day strike. If your travel plans include London this holiday season, things could get interesting. Christopher Werth reports.Source: Marketplace | 16 Dec 2009 | 11:03 am NY uproar over cut to free student ridesNew York City's public transportation system voted to approve massive budget cuts, including getting rid of free rides for students. Alisa Roth reports.Source: Marketplace | 16 Dec 2009 | 11:03 am Do we benefit from Citi's tax break?The IRS has extended favorable tax treatment worth billions to struggling banks like Citigroup that benefited from government bailout money. But what does that mean for people who bankrolled the bailout? John Dimsdale reports.Source: Marketplace | 16 Dec 2009 | 11:03 am Earth-Shattering Report Finds That CEOs Make Relatively More Than Those Who Work For ThemBreaking news: If you are the CEO of your hedge fund, you probably make more money than anyone else at the firm.
Source: Dealbreaker | 16 Dec 2009 | 10:12 am FTC Sues Intel for Abusing Market Dominance
The Federal Trade Commission (FTC) has sued Intel Corp. for abusing its market position to build a monopoly and repress competition. The Wall Street Journal reports: The administrative complaint says Intel used exclusive and restrictive deals with the world’s largest computer manufacturers, including Dell Inc., Hewlett-Packard Co., and IBM Corp., to coerce them not to buy rival computer central-processing-unit chips. Intel, based in Santa Clara, Calif., also used this practice to prevent computer makers from marketing machines with non-Intel computer chips, the FTC says. The commission also alleges that Intel secretly redesigned key software, known as a compiler, that deliberately stunted the performance of competitors’ CPU chips. The FTC also accuses Intel of trying to restrict competition in graphics-processing-unit chips, such as those made by Nvidia Corp. Nvidia, also based in Santa Clara, applauded the FTC’s action. The complaint doesn’t seek monetary damages. Richard A. Feinstein, director of the FTC’s bureau of competition called Intel’s actions “exclusionary and detrimental to consumers.” He said at a news conference that he expects the case to go before an administrative law judge in September and concluded by the end of next year. The FTC said it is seeking an order that would prevent Intel from using threats, bundled prices, or other offers to encourage exclusive deals, hamper competition, or unfairly manipulate the prices of its CPU or GPU chips. In a statement released today, Intel said that the FTC had not investigated the charges, some of which were added last minute. The FTC charges come months after the EU went after Intel.
Source: Business Pundit | 16 Dec 2009 | 10:12 am Who Said It?"I've got a driver's license, my American Express card, a debit card, a Jos. [A.] Bank card where I get my suits, I have a health insurance card. And then I have a variety of other cards, phone numbers, United Airlines, frequent flyer. And I have $45...$75...$85. I'm all set."
Source: Dealbreaker | 16 Dec 2009 | 10:00 am Just Before his Fed Renomination, Time Magazine Names Ben Bernanke Person of the Year
The question simplifies a central concept of the bank bailouts: that too-big-to-fail institutions on Wall Street are so integral to the functioning of the entire economy that they must be rescued, despite irresponsible behavior, in order to save the rest of us. In other words, the government was forced to tend to to Wall Street in order to save Main Street. It is, however, an important question in politics. The administration can’t be seen as too friendly to Wall Street as it carries out the overarching economic rescue–otherwise it will face a backlash of venomous public opposition to financial institutions and a mistrust of the government as it deals with them. For perception’s sake, Bernanke was named Person of the Year at an ideal time. In its cover story, Time refers to Bernanke as a “mild-mannered economic overlord.” Here’s why they claim to have chosen him: As Bernanke said when we interviewed him this month, he did not see the crisis coming, and he probably did not react as fast as he should have reacted. His defense against the criticism that he rescued bloated banks and their overpaid execs is that the system itself is the problem: no bank should be too big to fail, but when it is, the alternative to saving it is destroying the livelihood of millions. There is an enormous difference between the financial system and the economy, but if the financial system fails, it takes the economy down with it. In reality, Time also picked Bernanke as a way to stir up controversy–and sales. MarketWatch has more: Time, like many other prestigious publishing war horses, has had trouble proving it remains relevant here in the digital age. The best way to remind people that you’re still around is to do something that makes them think. It does matter, though. The fact that the media have reacted this morning shows that Time still has some vitality left. It also can’t hurt that Time’s parent company, Time Warner, has close ties with the Obama administration. Former Time Warner CEO Richard Parsons, now Chairman of Citigroup, served on Obama’s economic advisory team. So what does Time’s Person of the Year pick mean? Time gets publicity. Bernanke wins a better public perception. Readers, meanwhile, are quietly primed to like Bernanke, approve of the Fed, and avoid questioning Time’s choice.
Source: Business Pundit | 16 Dec 2009 | 9:41 am Kendrick on Fed Policy, Esterer on Pay, Regulation: AudioSource: Bloomberg - All Podcasts | 16 Dec 2009 | 8:48 am FTC Sues IntelBy Daniel Costello The Federal Trade Commission on Wednesday sued the chip maker Intel, accusing it of a decade-long run of using its dominant market position "to stifle competition and strengthen its monopoly." In its complaint, the F.T.C. accused the chip maker of a systematic campaign to block rivals from selling their microchips by cutting off access to the market. The company is accused of using anticompetitive tactics and bribes to get computer makers such as Dell to use Intel chips instead of those made by competitors, such as AMD. In doing so, the agency said in a statement, Intel "put the brakes on superior competitive products that threatened" its microchip market share.
The complaint follows Intel's recent $1.25 billion settlement with Advanced Micro Devices that was intended to settle federal regulators' concerns over the business practices of the world's biggest chip maker. The European Union and Asian nations have conducted their own investigations of Intel's business practices in the global semiconductor market. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 16 Dec 2009 | 8:40 am Munster Says Apple’s Margin Rises With More IPhone Sales: AudioSource: Bloomberg - All Podcasts | 16 Dec 2009 | 7:13 am Time Person Of The YearBy Daniel Costello Federal Reserve Chairman Ben Bernanke was named "Person of the Year" by Time magazine today for leading the "most-powerful, least-understood government force shaping our lives." I realize I'm probably inviting all kinds of fun potshots about my intelligence and emotional stability, but I think it's a great call. Bernanke is a leading architect of an imperfect but largely successful effort that helped steer the world's largest economy from collapse. What's more, many of his Congressional opponents and others are taking him on in order to fight old fights (Congress has long wanted more authority over the Fed, for one) rather than for his job performance. It appears the runner Usain Bolt was a runner up. Now that I could have taken issue with. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 16 Dec 2009 | 6:56 am Morning Report: Swiss Bank Pays Sanctions Fine; Microsoft Settles with EuropeBy Daniel Costello Credit Suisse Group, one of Switzerland's largest banks, may pay $536 million to settle accusations that the Zurich-based bank helped process payments that permitted Iran and other nations facing government sanctions gain access to US financial markets. The bank is in "advanced settlement discussions'' with US authorities, including the Justice Department and the Federal Reserve, Credit Suisse said yesterday in a statement. The company said early this year that it was cooperating with federal agencies and Manhattan District Attorney Robert Morgenthau. Credit Suisse and nine other foreign banks have been investigated for using the same technique to disguise illegal money transfers, according to U.S. federal prosecutors who are looking into whether a number of major Western banks illegally handled funds for Iran and deliberately hid Iranian transactions routed through the U.S. In Europe, regulators dropped their antitrust case against Microsoft on Wednesday after the software maker agreed to offer consumers a choice of rival Web browsers. The settlement ends a long-running and costly legal battle for the software giant. The agreement calls for Microsoft to give Windows users a choice of up to 11 other browsers from competing companies, including Mozilla, Apple and Google. In a statement, Microsoft said it was "pleased" with the decision. The founder of Galleon hedge fund, Raj Rajaratnam, was indicted Tuesday in a multi-million-dollar Wall Street insider-trading probe. Billionaire Rajaratnam and co-defendant Danielle Chiesi were indicted by a federal grand jury in New York on charges of using non-public information from company executives to earn about $20 million in illegal profits. The alleged insider-trading ring operated "from at least in or about 2003 up to and including in or about March, 2009," the 17 count conspiracy and fraud indictment says. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 16 Dec 2009 | 6:37 am Organ Donation, Put Bluntly
Source: Business Pundit | 16 Dec 2009 | 4:55 am
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