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Southwest Airlines' 'bags fly free' strategy pays offIt's a key reason the carrier has gained market share this year. But how long can it resist adding the fee?To the frustration of many travelers, the nation's 10 largest airlines have collected about $740 million in baggage fees in the third quarter of this year -- a 111% increase over the same period in 2008.
Source: L.A. Times - Business | 19 Dec 2009 | 1:00 am Google reportedly near deal to buy YelpAnalysts said Google is probably interested in Yelp's sales force, which operates in 30 markets and knows how to sell to local advertisers.Google Inc. is reportedly in talks to buy Yelp Inc., whose website enables users to review restaurants and other businesses -- a possible sign that the search giant is ready to train its computing power on the local advertising market.
Source: L.A. Times - Business | 19 Dec 2009 | 1:00 am Electricity ratepayers to benefit from DWP settlementThe Los Angeles Department of Water and Power, accused of overcharging in the 2000-01 energy crisis, is to get most of what it charged. Much of the rest will go toward ratepayer relief. ...Source: RSS feed - channel BNPaperBusiness | 19 Dec 2009 | 1:00 am Southwest Airlines' 'bags fly free' strategy pays offIt's a key reason the carrier has gained market share this year. But how long can it resist adding the fee? To...Source: RSS feed - channel BNPaperBusiness | 19 Dec 2009 | 1:00 am Top five investing lessons of 2009Typically at year's end, when investors assess their portfolio winners and losers, they can look back and identify the smart decisions they made during the last 12 months -- and the moves they'd love to...Source: RSS feed - channel BNPaperBusiness | 19 Dec 2009 | 1:00 am Electricity ratepayers to benefit from DWP settlementThe Los Angeles Department of Water and Power, accused of overcharging in the 2000-01 energy crisis, is to get most of what it charged. Much of the rest will go toward ratepayer relief.Customers of Southern California Edison and California's other big investor-owned utilities won't see a refund on their bills from the Los Angeles Department of Water and Power -- but they'll be getting $113 million in relief just the same.
Source: L.A. Times - Business | 19 Dec 2009 | 1:00 am 'Avatar' opening weekend could flake outAn East Coast storm threatens to shave box office off the 3-D James Cameron-directed science fiction epic.After surmounting technological hurdles, and with an investment of about $430 million at stake, "Avatar" may have met an obstacle it can't overcome: snow.
Source: L.A. Times - Business | 19 Dec 2009 | 1:00 am GM to close Saab after sale talks failNegotiations with the Dutch company Spyker Cars break down over due diligence issues. General Motors says it will immediately begin to wind down the business.General Motors Co.'s plans to save Saab by selling it have failed, and the storied Swedish brand will be the latest to hit the scrap pile.
Source: L.A. Times - Business | 19 Dec 2009 | 1:00 am Business BriefingSAFETYSource: RSS feed - channel BNPaperBusiness | 19 Dec 2009 | 1:00 am Tech stocks pull market out of 3-day slideThe stock market broke a three-day slide Friday as better-than-expected results at two big tech companies bolstered confidence about a comeback for the economy.Source: RSS feed - channel BNPaperBusiness | 19 Dec 2009 | 1:00 am First Federal Bank of California and Imperial Capital Bank of La Jolla closedBoth are sold immediately to other Southern California institutions. Regulators have closed 140 U.S. banks this year, 16 in California. ...Source: RSS feed - channel BNPaperBusiness | 19 Dec 2009 | 1:00 am Top five investing lessons of 2009Typically at year's end, when investors assess their portfolio winners and losers, they can look back and identify the smart decisions they made during the last 12 months -- and the moves they'd love to rescind.
Source: L.A. Times - Business | 19 Dec 2009 | 1:00 am First Federal Bank of California and Imperial Capital Bank of La Jolla closedBoth are sold immediately to other Southern California institutions. Regulators have closed 140 U.S. banks this year, 16 in California.Two more loss-battered Southern California banks were shut down by regulators Friday and immediately sold to two of the largest financial institutions based in the region.
Source: L.A. Times - Business | 19 Dec 2009 | 1:00 am Business BriefingSAFETY
Source: L.A. Times - Business | 19 Dec 2009 | 1:00 am Google reportedly near deal to buy YelpAnalysts said Google is probably interested in Yelp's sales force, which operates in 30 markets and knows how to sell to local advertisers. ...Source: RSS feed - channel BNPaperBusiness | 19 Dec 2009 | 1:00 am GM to close Saab after sale talks failNegotiations with the Dutch company Spyker Cars break down over due diligence issues. General Motors says it will immediately begin to wind down the business. ...Source: RSS feed - channel BNPaperBusiness | 19 Dec 2009 | 1:00 am California's unemployment rate shrinks - but so do the number of jobsThe rate falls slightly to 12.3% last month from 12.5% in October, but only because thousands of discouraged workers have left the labor force or even moved out of state.California's employment misery continued in November, as employers sliced 10,200 more workers from their payrolls.
Source: L.A. Times - Business | 19 Dec 2009 | 1:00 am California's unemployment rate shrinks - but so do the number of jobsThe rate falls slightly to 12.3% last month from 12.5% in October, but only because thousands of discouraged workers have left the labor force or even moved out of state. ...Source: RSS feed - channel BNPaperBusiness | 19 Dec 2009 | 1:00 am 'Avatar' opening weekend could flake outAn East Coast storm threatens to shave box office off the 3-D James Cameron-directed science fiction epic. After...Source: RSS feed - channel BNPaperBusiness | 19 Dec 2009 | 1:00 am Honda to build fifth plant in China: reportJapan's Honda Motor plans to build its fifth car plant in China to cope with mounting competition in the fast-growing auto market, according to a press report released on Saturday. The...Source: RSS feed - channel BNewsBusiness | 19 Dec 2009 | 12:12 am Storm threatens U.S. retailers' last holiday pushLOS ANGELES/CHICAGO (Reuters) - Retailers are counting on time-crunched shoppers to swarm stores on "Super Saturday," but a heavy winter storm threatened to strand them at home on the final weekend before Christmas.Source: Reuters: Business News | 18 Dec 2009 | 11:16 pm Storm threatens U.S. retailers' last holiday push (Reuters)
Source: Yahoo! News: Business | 18 Dec 2009 | 11:16 pm Stocks to Watch: Stocks in focus for MondayAmong companies whose shares are likely to see active trading Monday are ConAgra, Walgreen and Jabil Circuit
Source: MarketWatch.com - Top Stories | 18 Dec 2009 | 10:01 pm RIM outshines Palm but fails to dispel all doubtsOTTAWA (Reuters) - BlackBerry maker Research In Motion may have zipped past expectations for its quarterly results and forecast, but it hasn't dispelled all doubts about its staying power to lead the race.Source: Reuters: Business News | 18 Dec 2009 | 9:50 pm Marathon turns into merely ‘a first step’On almost every significant measure of whether a Copenhagen deal was strong or weak, the accord was clearly a weak oneSource: Financial Times - US homepage | 18 Dec 2009 | 8:51 pm World grasps at fragile climate accordUS, China, Brazil, India and South Africa claimed, after a four-hour meeting, to have secured a partial pact. But their optimism was quickly undermined by a string of more pessimistic assessmentsSource: Financial Times - US homepage | 18 Dec 2009 | 8:17 pm Texas BP workers win damagesA US jury awards $100m (£62m) in damages to ten workers who said a leak at a BP oil refinery had made them sick.Source: BBC News | Business | World Edition | 18 Dec 2009 | 8:03 pm Regulators shutter 2 big Calif. banks, 5 othersRegulators on Friday shut down two big California banks, as well as banks in Alabama, Florida, Georgia, Michigan and Illinois, bringing to 140 the number of U.S. banks brought down this...Source: RSS feed - channel BNewsBusiness | 18 Dec 2009 | 7:10 pm Nelson signals progress on health care in talksDemocratic leaders appeared to make progress Friday night in winning over Sen. Ben Nelson to be their 60th vote to pass a sweeping health care bill by Christmas. Nelson, a moderate NebraskaSource: RSS feed - channel BNewsBusiness | 18 Dec 2009 | 7:06 pm Seven U.S. banks closed; 2009 failures at 140Seven U.S. banks were closed by regulators on Friday, bring the total this year to 140 as the effects of the credit crisis continued to be felt across the country.
Source: MarketWatch.com - Top Stories | 18 Dec 2009 | 6:24 pm Bank failure tally reaches 140Banks in six U.S. states were closed Friday, bringing the total number of failed banks this year to 140, at a cost of over $1 billion to the Federal Deposit Insurance Corporation.Source: Business and financial news - CNNMoney.com | 18 Dec 2009 | 6:23 pm Business HighlightsNEW YORK (AP) _ The stock market broke a three-day slide as two big technology companies signaled that business was improving, raising hopes about business spending. Tech stocks led...Source: RSS feed - channel BNewsBusiness | 18 Dec 2009 | 6:12 pm Calif.'s Imperial Capital Bank, 5 others, closedRegulators have shut down Imperial Capital Bank in La Jolla, Calif., bringing to 138 the number of U.S. banks brought down this year by the weak economy and mounting loan defaults. The...Source: RSS feed - channel BNewsBusiness | 18 Dec 2009 | 6:07 pm UPDATE 2-Google in talks to buy review site Yelp - reports* Not the first time Google and Yelp have talked - source (Adds Yelp comment)Source: RSS feed - channel BNewsBusiness | 18 Dec 2009 | 6:05 pm Jury awards $100 million verdict against BP in chemical caseHOUSTON (Reuters) - A federal jury in Texas on Friday ordered BP Plc to pay $100 million to 10 workers who were sickened by a 2007 chemical release at its Texas City refinery.Source: Reuters: Business News | 18 Dec 2009 | 5:55 pm Will regulators zero in on Google buying Yelp?Search giant's reported plans to acquire the local-listings service may face difficulties, with regulators attuned to its established dominance of the Internet-search and advertising markets, observers say.
Source: MarketWatch.com - Top Stories | 18 Dec 2009 | 5:54 pm Storm threatens Super Saturday retail hopesLOS ANGELES/NEW YORK (Reuters) - Bargain-hunting shoppers are poised to flood U.S. stores on "Super Saturday," but severe winter weather is threatening the East Coast and could limit...Source: RSS feed - channel BNewsBusiness | 18 Dec 2009 | 5:40 pm Futures Movers: Oil rises on reports of Iran incursion into IraqCrude-oil futures finish higher, but are well off highs, as a stronger dollar caps an early rally sparked by reports of an Iranian incursion into an Iraqi oil field.
Source: MarketWatch.com - Top Stories | 18 Dec 2009 | 5:40 pm Jury awards $100 million verdict against BP in chemical caseHOUSTON (Reuters) - A federal jury in Texas on Friday ordered BP Plc to pay $100 million to 10 workers who were sickened by a 2007 chemical release at its Texas City refinery.Source: RSS feed - channel BNewsBusiness | 18 Dec 2009 | 5:35 pm Regulators shut banks in 5 statesRegulators on Friday shut down banks in Alabama, Florida, Georgia, Illinois and Michigan, bringing to 138 the number of U.S. banks brought down this year by the weak economy and mounting...Source: RSS feed - channel BNewsBusiness | 18 Dec 2009 | 5:30 pm Plans progress for Wyoming coal-to-gasoline plantWyoming Gov. Dave Freudenthal is supporting a Texas company's proposal to build a major plant for turning coal into gasoline. The U.S. Department of Energy is weighing an application...Source: RSS feed - channel BNewsBusiness | 18 Dec 2009 | 5:21 pm Stock investors won't hold breath for Santa (Reuters)
Source: Yahoo! News: Business | 18 Dec 2009 | 5:10 pm Stock investors won't hold breath for Santa (Reuters)
Source: Yahoo! News: Stock Markets News | 18 Dec 2009 | 5:10 pm Stock investors won't hold breath for SantaNEW YORK (Reuters) - Santa came early for Wall Street this year by delivering a 22 percent return for 2009, and with just a handful of trading days to go, stock investors aren't expecting to find much more under the tree.Source: Reuters: Business News | 18 Dec 2009 | 5:10 pm Utilities failed to show drive in 2009 but payouts still appealThe stock market may have risen by more than a fifth this year but investors in utilities — the privatised providers of gas, water and electricity — may not have noticed. The dull but predictable sector that was prized for its safe-haven status throughout a savage sell-off in shares now stands out as the biggest loser from this year’s switch into racier alternatives. Source: Latest Business News from Times Online | 18 Dec 2009 | 5:01 pm BHP boss sitting on a goldmine if his share awards pay off in the long runMarius Kloppers, chief executive of BHP Billiton, could receive a £27.5 million windfall from his share bonuses if the world’s largest mining group meets its performance targets. Source: Latest Business News from Times Online | 18 Dec 2009 | 5:01 pm Big shot of the week: Bill Conway of Carlyle GroupBill Conway has a huge wad of cash burning a hole in his pocket. The man who calls the shots at Carlyle Group, one of the world’s leading private equity investors, says he would like to spend $5 billion ($£3 billion) next year buying stakes in businesses across the globe. Unfortunately, not a lot of the money will be heading to Britain and Europe and he is not betting on huge returns. Source: Latest Business News from Times Online | 18 Dec 2009 | 5:01 pm Shops count the cost as snow and ice put freeze on festive spendingThe thick blanket of snow covering much of the country threatens to wipe tens of millions of pounds off the £1.1 billion spending spree that retailers had been hoping for this weekend. The disappointment closes one of the toughest years in decades. Source: Latest Business News from Times Online | 18 Dec 2009 | 5:01 pm Payout after Smythson saleThe sale of Smythson of Bond Street will net a Christmas windfall of about £57,000 for Samantha Cameron, according to recent filings. Source: Latest Business News from Times Online | 18 Dec 2009 | 5:01 pm Derision for Darling’s lack of detail as month’s borrowing reaches record £20bnPublic borrowing hit a record £20.3 billion last month, according to figures published yesterday as the Chancellor came under renewed fire over his failure to outline detailed plans in last week’s Pre-Budget Report. Source: Latest Business News from Times Online | 18 Dec 2009 | 5:01 pm Ryanair puts brakes on cheap air travelThe era of cheap air travel is set to come to an end as Ryanair and easyJet, the budget airlines famous for their low-cost tickets, change strategy to maximise returns for shareholders. Source: Latest Business News from Times Online | 18 Dec 2009 | 5:01 pm Winners to be revealed in £100bn bid battle to build UK windparksA £100 billion project to erect up to 5,000 giant wind turbines around the coastline of Britain will take a big step forward next month when winning bidders to build nine offshore windparks will be announced. Source: Latest Business News from Times Online | 18 Dec 2009 | 5:01 pm Icap will pay $25m to settle SEC case on $‘fake trades’London-based Icap, the world’s largest inter-dealer broker, has agreed to pay $25 million ($£16 million) to settle charges brought by American regulators against one of its US subsidiaries. Source: Latest Business News from Times Online | 18 Dec 2009 | 5:01 pm When bamboozling spins out of controlWell done, Andy Haldane. The Bank of England’s financial stability chief said in a BBC interview that losing a few banks and bankers to overseas jurisdictions “might be a price worth paying” to protect the wider financial system. Source: Latest Business News from Times Online | 18 Dec 2009 | 5:01 pm Oracle shares trade higher following resultsOracle Corp. rises more than 6%, after the corporate software giant reports second-quarter profit and sales that top Wall Street's forecast, amid signs it could be emerging from a recession-induced funk.
Source: MarketWatch.com - Top Stories | 18 Dec 2009 | 4:42 pm Podcast: The Possible Promise and Perils of Cap and Trade
This week's climate conference in Copenhagen (AP Images)
On today's Planet Money: Adam Davidson chats with the intrepid David Kestenbaum about both the theatrics and real policy debates going on at the current climate conference in Copenhagen. First, meet a biker who powers up music with his feet for outdoor dance sessions and, with the late Friday announcement that a global agreement of some sort has been reached at the conference, listen to the potential promises and pitfalls of a key aspect of the deal -- a "cap and trade" carbon reduction plan. Download the podcast; or subscribe. Music: Toots and the Maytals' "Pressure Drop"Twitter/ Facebook/ Flickr.
» E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 18 Dec 2009 | 4:36 pm Shipping, Rail, Trucking, Holiday Retail: Taking Stock PodcastSource: Bloomberg - All Podcasts | 18 Dec 2009 | 4:36 pm Renovating doesn't pay off like it used toHome remodelers are getting less bang for their bucks. For the fourth straight year, renovation jobs have added less to resale values relative to their costs, according to an annual Remodeling Cost vs. Value Report released this week by the National Association of Realtors.Source: Business and financial news - CNNMoney.com | 18 Dec 2009 | 4:32 pm How to lose money fastP.J. Ryder knew making the rock club he bought a financial success was going to be a challenge. But he didn't anticipate that two years after opening, P.J.'s Lager House would still not be profitable.Source: Business and financial news - CNNMoney.com | 18 Dec 2009 | 4:19 pm How the major stock indexes fared on Friday (AP)AP - The stock market broke a three-day slide Friday as stronger results at two big technology companies bolstered confidence about a comeback in the economy. Tech stocks pulled the market higher in choppy trading that brought record volume to the New York Stock Exchange. Software company Oracle Corp. and BlackBerry maker Research In Motion Ltd. each posted earnings that topped expectations.Source: Yahoo! News: Stock Markets News | 18 Dec 2009 | 4:09 pm Tech stocks pull market out of 3-day slide (AP)
Source: Yahoo! News: Stock Markets News | 18 Dec 2009 | 4:04 pm Obama announces global climate accordPresident Barack Obama announced what he called a "meaningful and unprecedented" climate change deal with China and other key nations that was expected to be sealed before the president heads home from the Copenhagen summit late Friday.Source: Business and financial news - CNNMoney.com | 18 Dec 2009 | 3:59 pm Senate faces weekend storm over health billThe Senate is expected to endure a stormy weekend as the Democrats’ self-imposed Christmas deadline for passing a healthcare reform bill looms, with the first of many procedural votes set for shortly after daybreak on SaturdaySource: Financial Times - US homepage | 18 Dec 2009 | 3:59 pm GM to shut down Saab, talks with Spyker failDETROIT/STOCKHOLM (Reuters) - General Motors Co said it would begin shutting down its money-losing Saab brand after last-ditch talks to sell it to a small Dutch sports car builder collapsed on Friday.Source: Reuters: Business News | 18 Dec 2009 | 3:58 pm GM to shut down Saab, talks with Spyker fail (Reuters)
Source: Yahoo! News: Business | 18 Dec 2009 | 3:58 pm Latin American Markets: CSN drags Brazilian stock benchmark lowerBrazilian shares sell off, dragged down by a drop in CSN shares, after the steelmaker launches an unsolicited $5.6 billion bid for a Portuguese cement firm.
Source: MarketWatch.com - Top Stories | 18 Dec 2009 | 3:55 pm Career Education drops as accreditor questioned (AP)AP - Shares of for-profit education company Career Education Corp. fell for a second day Friday after new government scrutiny raised concern that the accreditation of one of its schools may be in jeopardy, potentially making it ineligible for federal student loans.Source: Yahoo! News: Business | 18 Dec 2009 | 3:53 pm Canadian Markets: Canadian stocks end down slightlyRIM leads tech shares higher, but diversified metals weigh on broader market.
Source: MarketWatch.com - Top Stories | 18 Dec 2009 | 3:36 pm Saab story: GM lets brand dieGeneral Motors is shutting down its Swedish car brand, Saab, after attempts to close deal with a buyer failed.Source: Business and financial news - CNNMoney.com | 18 Dec 2009 | 3:34 pm Obama wins 'first step' at troubled UN talksPresident Barack Obama arrived in Copenhagen Friday and very quickly become the focus of a faltering climate deal as the U.N. summit reached its final, whirlwind day of negotiations.
Source: MarketWatch.com - Top Stories | 18 Dec 2009 | 3:25 pm Wall St gains in choppy trade; tech lifts NasdaqNEW YORK (Reuters) - Stocks rose on Friday in choppy trade as quarterly results from Oracle and Research In Motion lifted the Nasdaq more than 1 percent, but the U.S. dollar's climb curbed gains in both the Dow and the S&P 500.Source: Reuters: Business News | 18 Dec 2009 | 3:22 pm Stocks gain in volatile session, end week lowerStocks ended higher Friday, with technology shares leading the rebound, amid heavy volume on a day of contract expirations and little economic news.Source: Business and financial news - CNNMoney.com | 18 Dec 2009 | 3:22 pm Write-Offs: 12.18.09$$$ HBS Grad Jamie Dimon Showed His Alma Mater No Mercy [DI] $$$ Making Up For Lost Bonuses [FINS] $$$ Goldman Loses Its Top Quant [BI] $$$ Ex. Mrs SAC Alerted FBI Two Years Ago [FINalternatives] 
 Source: Dealbreaker | 18 Dec 2009 | 3:19 pm Wall St gains in choppy trade; tech lifts Nasdaq (Reuters)
Source: Yahoo! News: Business | 18 Dec 2009 | 3:18 pm Wall St gains in choppy trade; tech lifts Nasdaq (Reuters)
Source: Yahoo! News: Stock Markets News | 18 Dec 2009 | 3:18 pm Energy Stocks: Natural gas shares hold on to gainsNEW YORK (MarketWatch) - Cold winter weather in the Eastern U.S. and bullish natural gas inventory data helped natural gas shares hold on to gains on Friday, while buyers proved to be more coy in other parts of the energy sector.
Source: MarketWatch.com - Top Stories | 18 Dec 2009 | 3:16 pm After Hours: Citi shares fall in heavy after-hours volumeCitigroup shares give back some of their daytime gains in late trading, sliding on heavy volume.
Source: MarketWatch.com - Top Stories | 18 Dec 2009 | 3:12 pm US stocks advance as dollar pares gainsGlobal Markets Overview: A sudden lurch higher for the dollar as European markets were closing for the week left global stocks on the back foot, though US stocks rose later in the day as the dollar pared its gainsSource: Financial Times - US homepage | 18 Dec 2009 | 3:05 pm Morgan Stanley's Mack forgoes bonus again (Reuters)
Source: Yahoo! News: Business | 18 Dec 2009 | 3:02 pm Morgan Stanley's Mack forgoes bonus againNEW YORK (Reuters) - Morgan Stanley Chief Executive John Mack is forgoing a year-end bonus for the third straight year, he said in a memo obtained by Reuters, putting pressure on other Wall Street CEOs to follow suit.Source: Reuters: Business News | 18 Dec 2009 | 3:02 pm Unite union should learn a lesson from RyanairBrinkmanship comes in many styles. There's kamikaze style - the forte of Unite, that misnomer of a trade union that thinks it's representing British Airways' 13,500 cabin crew. And then there's Ryanair-style, finessed by its chief pilot Michael O'Leary.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Dec 2009 | 2:52 pm Looking-glass Chancellor cannot admit to the cuts around the cornerClever chap that Lewis Carroll. Fancy writing a book all those years ago that so perfectly captures the workings of our Chancellor's mind: Alistair's Adventures in Wonderland.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Dec 2009 | 2:49 pm TSX ends lower despite RIM jump (Reuters)Reuters - Toronto's main stock index ended slightly lower in a volatile session on Friday as a drop in energy and materials shares offset a huge jump in heavyweight tech stock Research In Motion.Source: Yahoo! News: Stock Markets News | 18 Dec 2009 | 2:47 pm IPhone clone wars heat upJust when it seemed like none of the iPhone copycats that have been hitting the market stood a chance against Apple's iconic smartphone, some new evidence is emerging that shows iPhone clones are getting a second wind.Source: Business and financial news - CNNMoney.com | 18 Dec 2009 | 2:44 pm AT&T survives Operation ChokeholdSource: Business and financial news - CNNMoney.com | 18 Dec 2009 | 2:35 pm Evening Standard-owner Lebedev in talks to buy The IndependentAlexander Lebedev, the former KGB spy who owns the Evening Standard, is in "exclusive" talks to buy The Independent and Independent on Sunday for as a little as £1.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Dec 2009 | 2:34 pm National Debt hits post-war peak as tax receipts slideThe national debt has burst through the 60pc of gross domestic product level for the first time in post-war history, in the latest blow to the Government's fiscal credibility.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Dec 2009 | 2:33 pm Watchdog probes firms' trading tips: sourcesNEW YORK/WASHINGTON (Reuters) - The U.S. brokerage watchdog is probing how Wall Street firms, including JP Morgan Chase and Citigroup Inc , offer stock research, two people familiar with the probe said on Friday.Source: Reuters: Business News | 18 Dec 2009 | 2:29 pm Lloyds Banking Group admits it will miss business lending targetLloyds Banking Group has admitted for the first time it will miss its lending target set by ministers as a condition of this year's taxpayer bail-out.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Dec 2009 | 2:19 pm Icap to pay $25m over 'fictitious' tradesMichael Spencer's Icap has agreed to pay the Securities and Exchange Commission (SEC) $25m (£15.5m) after the American regulator found that the world's biggest inter-dealer broker was displaying "fictitious" trades on its screens to "attract customer attention".Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Dec 2009 | 2:10 pm Morgan Stanley’s Mack gives up on bonusJohn Mack, Morgan Stanley’s outgoing chief executive, will forego a bonus for the third straight year as his bank heads for the first-ever annual loss - a move that reflects Wall Street’s fears of fuelling the public backlash over compensationSource: Financial Times - US homepage | 18 Dec 2009 | 2:07 pm An Unreasonable Case That Housing Is UndervaluedIHS Global Insight has released a report that say that housing price in the US rose by .2% in the third quarter compared to the second. The research firm looks at 300 metropolitan markets. Prices rose in 169 of these markets. The odd part of the study was that IHS says that housing in now undervalued, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Dec 2009 | 2:07 pm Bernie Madoff's Motto Is "F*ck My Victims"
Source: Dealbreaker | 18 Dec 2009 | 2:05 pm Presented By:Source: Dealbreaker | 18 Dec 2009 | 2:05 pm Copenhagen Climate Summit: green taxes left out of dealCorporate leaders make a last-minute plea for a "clear, simple" climate deal to help the financial markets plan for the future.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Dec 2009 | 1:59 pm Kling Discusses His New Book `Unchecked and Unbalanced': AudioSource: Bloomberg - All Podcasts | 18 Dec 2009 | 1:52 pm Ryanair to pay dividend after Boeing talks failShareholders in Ryanair are set to receive a dividend payment for the first time after Michael O'Leary scrapped talks with Boeing about acquiring 200 aircraft for use between 2013 and 2016.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Dec 2009 | 1:50 pm Sam Cameron's Christmas bonus is a sign of GreenwillSam and Dave Cameron are a little bit richer following the sale of Smythson, the upmarket leather goods retailer and designer where Sam works.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Dec 2009 | 1:50 pm Pining For The Ice
Some of a hockey team, anyway. He's got a 40% chunk in the Minnesota Wild, the team that replaced his hometown team after they moved to that great hockey city, Dallas. A due-diligence specialist once told me that what he called jock-sniffer syndrome was one of his key red flags. But Falcone, who seems to have a thing for dying industries, bought his stake in the Wild for an altogether more pathetic reason.
Source: Dealbreaker | 18 Dec 2009 | 1:36 pm Area Jew Gets Into The Holiday Spirit
"So the Blackstone 'family' party was this morning. There was a green leotard-rocking Santa's little helper wearing these pointy tap shoe things (kind of hot?) and a life-size Grinch who I'm pretty sure was played by Schwarzman."
Source: Dealbreaker | 18 Dec 2009 | 1:33 pm Happy Birthday Dan Loeb!The b-day boy turns 48 today. If you haven't done so already, I suggest you send over a nice note to the Third Point offices ASAP.
Source: Dealbreaker | 18 Dec 2009 | 1:31 pm Tag Heuer 'to drop Woods image'Swiss watch maker Tag Heuer says it is to drop troubled golfer Tiger Woods's image from its US adverts, a Swiss paper reports.Source: BBC News | Business | World Edition | 18 Dec 2009 | 1:29 pm Road’s end for Saab as GM sale plan failsUS carmaker is to begin winding down operations at its Swedish unit after attempts to sell it to Dutch automotive group Spyker failedSource: Financial Times - US homepage | 18 Dec 2009 | 1:22 pm BA union to call new strike voteBritish Airways cabin crew will be balloted again on industrial action after a planned Christmas strike was declared illegal.Source: BBC News | Business | World Edition | 18 Dec 2009 | 1:20 pm House prices rose 0.2 percent in 3rd quarter: surveyWASHINGTON (Reuters) - U.S. house prices rose in the third quarter, ending a two-year downward trend, and the housing market was now slightly undervalued, an independent survey showed on Friday.Source: Reuters: Business News | 18 Dec 2009 | 1:16 pm Va. gov: End car tax, raise income tax 1 percent (AP)AP - Virginia's hated local car tax would be replaced with a $2 billion-a-year income tax increase under the new budget Gov. Timothy M. Kaine presented Friday.Source: Yahoo! News: Business | 18 Dec 2009 | 1:12 pm 447,000 baby carriers recalledTwo government agencies announced the recall of 447,000 Dorel baby carriers Friday after the company received 77 hazard reports about the carrying handle coming off, resulting in at least three infant injuries.Source: Business and financial news - CNNMoney.com | 18 Dec 2009 | 1:11 pm Broker paying $25M to settle SEC charges (AP)AP - ICAP Securities USA, the U.S. division of a big British brokerage, agreed Friday to pay $25 million to settle federal regulators' charges that it deceived customers by displaying thousands of phony trades in U.S. Treasury securities on its screens.Source: Yahoo! News: Stock Markets News | 18 Dec 2009 | 1:10 pm House prices rose 0.2 percent in 3rd quarter: survey (Reuters)
Source: Yahoo! News: Business | 18 Dec 2009 | 1:05 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 Friday:Source: Yahoo! News: Stock Markets News | 18 Dec 2009 | 12:54 pm Cher selling her piece of paradiseThe pop-singer/actress has put her house on Hawaii's big island up for auction, and it's expected to fetch between $8 million and $12 million.Source: Business and financial news - CNNMoney.com | 18 Dec 2009 | 12:26 pm French ruling raises resistance to GoogleA French court strikesa blow for the rights of publishers and authors ruling that Google acted illegally in digitising French books held in US libraries without the prior consent of copyright holdersSource: Financial Times - US homepage | 18 Dec 2009 | 12:21 pm Thai Airways chairman faces baggage probeWallop Bhukkanasut, executive chairman of Thai Airways, is to face an investigation after he and his wife boarded a recent flight with 30 pieces of luggage, tipping the scales at 380kg, without paying excess baggage feesSource: Financial Times - US homepage | 18 Dec 2009 | 12:19 pm US and Russia ‘close to nuclear cuts deal’Americans see final agreement as ‘quite close’ and Russians foresee conculsion in near future after meeting during Copenhagen talksSource: Financial Times - US homepage | 18 Dec 2009 | 12:15 pm Cancel Christmas
Banks in the euro-zone will write off that much before the end of the year, the ECB reports. That's about one-third of the total of €553 billion in write-downs predicted between 2007 and next year. Oh, and that estimate is €65 billion higher than the one made by the ECB six months ago.
Source: Dealbreaker | 18 Dec 2009 | 12:06 pm Watford saved from administrationWatford avoid the threat of administration after majority shareholder Lord Ashcroft repays former chairman Jimmy Russo £4.88m.Source: BBC News | Business | World Edition | 18 Dec 2009 | 12:02 pm China ends WTO dispute subsidiesChina agrees to end export subsidies that have been behind a dispute with the US at the World Trade Organization.Source: BBC News | Business | World Edition | 18 Dec 2009 | 12:01 pm US bank reformers look back to the futureJust as Capitol Hill is moving towards completion of its version of financial regulatory reform, the Obama administration is facing a rearguard action to restore the Depression-era regulatory system that was abolished in 1999Source: Financial Times - US homepage | 18 Dec 2009 | 11:48 am Copenhagen: Suez chief explains why tackling the water shortage is neededJean-Louis Chaussade, the chief executive of Suez Environnement, explains what businesses need to help tackle the planet's shrinking natural resources.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Dec 2009 | 11:37 am Goldman on Banks, Miller on Housing, Levkovich on Stocks: AudioSource: Bloomberg - All Podcasts | 18 Dec 2009 | 11:28 am This Week’s LinksSteve Malanga takes a look at Tiger Woods’ wages of sin. SmallBizLady has a great article on Twitterchat. Harvard Business School has a good research paper on the end of Chimerica. Morningstar has a list of bad investment ideas for 2010.
Source: Business Pundit | 18 Dec 2009 | 11:18 am More Mixed Rig Count Data (BHI, OIH)Baker Hughes Inc. (NYSE: BHI) has just released its new weekly rig count data. Today’s data looks mixed again, which is another indication that perhaps the swinging back and forth in oil prices in the current range of the low-$70’s is having an impact on new ‘margin requirements’ for drillers and services to open or [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Dec 2009 | 11:15 am Thornburg's $11 billion servicing portfolio up for saleNEW YORK (Reuters) - The trustee for bankrupt U.S. mortgage lender Thornburg Mortgage Inc gained court approval on Friday to auction the company's $11 billion mortgage servicing portfolio early next year.Source: Reuters: Business News | 18 Dec 2009 | 11:10 am BofA’s New CEO Brian Moynihan: No More Acquisitions (BAC)Bank of America Corporation (NYSE: BAC) is still well under 100 hours of a new CEO announcement to run the show since it announced that Brian Moynihan would replace Ken Lewis as CEO of the largest US bank by domestic deposits. CNBC’s Maria Bartoromo just got a sit down interview with Brian Moynihan and asked [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Dec 2009 | 11:03 am Is a partridge in a pear tree affordable?What would it cost to deliver everything mentioned in "The Twelve Days of Christmas"? Sean Cole tries to find out.Source: Marketplace Money | 18 Dec 2009 | 11:01 am Putting Santa on a budgetChristmas is just around the corner, but a lot of families are still trying to set realistic gift expectations. Janet Bodnar, author of "Raising Money-Smart Kids," gives Tess Vigeland some advice.Source: Marketplace Money | 18 Dec 2009 | 11:01 am Economy leads kids back homeA new study from the Pew Research Center says nearly one in seven parents with grown children had a "boomerang" kid move back home this past year. Apryl Lundsten reports on what it's like for young adults to return to the nest.Source: Marketplace Money | 18 Dec 2009 | 11:01 am Getting PersonalMoney Magazine's Penny Wang joins Tess Vigeland to answer questions from listeners.Source: Marketplace Money | 18 Dec 2009 | 11:01 am Celebrating Christmas debt freeRussell and Kandy Hildebrandt speak with Tess Vigeland about celebrating Christmas after paying off $100,000 worth of debt.Source: Marketplace Money | 18 Dec 2009 | 11:01 am My favorite SkyMall purchaseListeners weigh in on impulse buying and everyone's favorite airline catalogue: SkyMall.Source: Marketplace Money | 18 Dec 2009 | 11:00 am Where God and ETFs meetAn investment firm called FaithShares is bringing religion to the world of Exchange Traded Funds. Senior Editor Paddy Hirsch explains.Source: Marketplace Money | 18 Dec 2009 | 11:00 am Gold fever is global. Should we trust it?It seems everyone is crazy about gold these days, so is it a good time for you to get in on the action and invest? Jeff Tyler investigates.Source: Marketplace Money | 18 Dec 2009 | 11:00 am Small talk: Dickens, Wal-Mart, wrestlingMarketplace's Brendan Newnam and Rico Gagliano chat with fellow staffers Rod Abid, Deb Clark and Stacey Vanek-Smith about under-the-radar business stories involving Charles Dickens' toothpick, Wal-Mart's site-to-store shipping, and Obama wrestling.Source: Marketplace | 18 Dec 2009 | 11:00 am FYI, Charlie Gasparino Will Meet Or Beat This Offer (By Signing Your Loved One's Tits)
Source: Dealbreaker | 18 Dec 2009 | 10:55 am Oil, dollar rise on Iran-Iraq tensions (Reuters)
Source: Yahoo! News: Stock Markets News | 18 Dec 2009 | 10:52 am A new twist on holiday bonuses, partiesThe economy is changing the way businesses and employees celebrate the holiday season. Adrienne Hill reports people are thinking creatively as they scale back.Source: Marketplace | 18 Dec 2009 | 10:33 am Positive signs in tech company salesEarnings at top technology companies like Oracle and RIM, the makers of the Blackberry, have been better than expected. Ashley Milne-Tyte reports investors are hopeful businesses are finally starting to spend money again.Source: Marketplace | 18 Dec 2009 | 10:33 am Weekly Wrap: Health of the big banksFortune Magazine's Leigh Gallagher and The Big Money's Heidi Moore talk with Kai Ryssdal about what's going on with the big banks, and whether we have missed our chance to regulate them.Source: Marketplace | 18 Dec 2009 | 10:33 am Sizing up the excess Christmas treesChristmas trees are essentially recession proof, but it's still been a rough year for the industry. Some Oregon farmers are trying to make the best of it. Amelia Templeton reports.Source: Marketplace | 18 Dec 2009 | 10:33 am A climate of survival vs. self-interestRegardless of the outcome from the climate conference in Copenhagen, all the players there will be dealing with one major concern that isn't going away. Sam Eaton explains.Source: Marketplace | 18 Dec 2009 | 10:31 am GM: A Tear With Every SaabGeneral Motors seems that it can’t get brand exit strategies right regardless of who is running the show there. Government Motors held a press conference today to discuss the death of the Saab Automobile brand. The company noted this morning, “General Motors announced today that the intended sale of Saab Automobile AB would not be concluded. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Dec 2009 | 10:31 am Agreement reached at climate summitA "meaningful agreement" was reached as the UN climate conference wrapped up. European correspondent Stephen Beard talks with Kai Ryssdal about what that agreement entails and what happens next.Source: Marketplace | 18 Dec 2009 | 10:31 am PGG rights offer acceptedPGG Wrightson said 95.1 per cent of shareholders took up the company's rights offer, leaving a shortfall of 4.9 per cent for underwriters to pick up. The pro-rata renounceable rights issue raised $180.7 million. The new shares...Source: nzherald.co.nz - Business | 18 Dec 2009 | 10:20 am In PicturesSwedish car brand Saab through the yearsSource: BBC News | Business | World Edition | 18 Dec 2009 | 10:19 am Party Planner Personally Offended By RBS's Bare Bones Holiday Party
Di Bailey, managing director at Planit Events Ltd., whose clients include HSBC Holdings Plc and Morgan Stanley, recommends employers spend about 80 pounds-a-head to ensure a "decent" party. Bailey said she couldn't organize an event at a cost of 10 pounds-per-employee and recommended staff use the money to go ice-skating instead.
Source: Dealbreaker | 18 Dec 2009 | 10:12 am London stock market winds down for Christmas (AFP)
Source: Yahoo! News: Business | 18 Dec 2009 | 10:11 am London stock market winds down for Christmas (AFP)
Source: Yahoo! News: Stock Markets News | 18 Dec 2009 | 10:11 am GM to 'wind down' Saab businessGM says talks have broken down to sell its Swedish business Saab and it will start winding the car brand down.Source: BBC News | Business | World Edition | 18 Dec 2009 | 10:07 am EMC Raised to `Conviction Buy' at Goldman Sachs: AudioSource: Bloomberg - All Podcasts | 18 Dec 2009 | 10:06 am City 'will be hurt by bonus tax'London's role as a leading financial hub will be "damaged" by the new bonus tax, Barclays chief John Varley tells the BBC.Source: BBC News | Business | World Edition | 18 Dec 2009 | 10:00 am Borders shops to close next weekThe Borders bookshop chain will close all its branches in the UK on 22 December, according to administrators.Source: BBC News | Business | World Edition | 18 Dec 2009 | 9:57 am Airline stocks recover from a bummer summer (AP)AP - Pilots say a good landing is one you can walk away from. Airline shareholders who hung on while their shares scraped along this summer probably feel the same way.Source: Yahoo! News: Stock Markets News | 18 Dec 2009 | 9:54 am Green points for architectA new building designed by Auckland architect Andrew Patterson for Samson Corporation in Parnell has scored the highest number of points from the Green Building Council, for many of its environmental features.Source: nzherald.co.nz - Business | 18 Dec 2009 | 9:50 am Devastating News From Citadel
Source: Dealbreaker | 18 Dec 2009 | 9:42 am Adviser Investment's Wiener Sees Precious Metal Bubble: AudioSource: Bloomberg - All Podcasts | 18 Dec 2009 | 9:39 am Gartman on Currencies, Carnell on Fed, Dwyer on Gold: AudioSource: Bloomberg - All Podcasts | 18 Dec 2009 | 9:27 am Meyer Says Fed Independence Never More Vulnerable: AudioSource: Bloomberg - All Podcasts | 18 Dec 2009 | 9:25 am Pulse raises capitalPulse Utilities New Zealand has raised $4.26 million of new capital from 18 people in a private capital raising. Chief executive Dene Biddlecombe invested $500,000 in the offer. The money raised will help Pulse build its electricity...Source: nzherald.co.nz - Business | 18 Dec 2009 | 9:20 am Meredith Whitney Now Pouncing on JPMorgan (GS, MS, JPM)Meredith Whitney must be staggering her bank coverage news out to get more exposure, or at least that is a cynical take on the matter. Yesterday she hit Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) on the earnings estimates for 2009 and 2010, with targets out to 2011 and 2012. Now [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Dec 2009 | 9:17 am Energy firms criticised in pollEnergy companies have come bottom of league for consumer confidence for the second year in a row, a watchdog says.Source: BBC News | Business | World Edition | 18 Dec 2009 | 9:03 am Twitter Hacked, Temporarily Shut DownBy Daniel Costello Social networking site Twitter was knocked offline early Friday by hackers who claimed to have links to Iran. "We are working to recover from an unplanned downtime and will update more as we learn the cause of this outage," Twitter stated in an update on it status page. A following update from the microblogging service indicated the hackers managed to tamper with the site's Doman Name Service records. "Twitter's DNS records were temporarily compromised but have now been fixed. We are looking into the underlying cause and will update with more information soon," Twitter stated.
» E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 18 Dec 2009 | 9:01 am Local stocks beat expectationsThe optimists were right. Stock markets across the globe were oversold in the panic of 2008 and for those with nerves of steal, opportunity abounded in 2009.Warren Buffett told the world to buy while the buying was good. Congratulations...Source: nzherald.co.nz - Business | 18 Dec 2009 | 9:00 am Capital+Merchant put into liquidationThe heat has been turned up on Capital+Merchant managing director Owen Tallentire and his colleagues, with the Official Assignee being appointed as liquidator of the company described by the Companies Office as the worst finance company...Source: nzherald.co.nz - Business | 18 Dec 2009 | 9:00 am MediaWorks gets $70m injectionIronbridge Capital and an unnamed mystery shareholder have pumped an extra $70 million into MediaWorks.The company runs TV3, C4 and half of New Zealand's commercial radio stations including RadioLive, The Edge, The Rock, More...Source: nzherald.co.nz - Business | 18 Dec 2009 | 9:00 am Banks taking fizz out of staff Christmas partiesRoyal Bank of Scotland, recipient of the world's biggest banking bailout, is contributing £10 ($22.74) a head toward employee Christmas parties this year, enough to buy two pints of lager and a packet of crisps."The banks just...Source: nzherald.co.nz - Business | 18 Dec 2009 | 9:00 am Brian Gaynor : Taskforce report start of long journeyThe most important point to note about the final Capital Markets Development Taskforce report is that it is only the first step in a long process.The three steps in the process are as follows:* The taskforce's recommendations.*...Source: nzherald.co.nz - Business | 18 Dec 2009 | 9:00 am Fran O'Sullivan : Keep the cows off the grassNew Zealand faces a horrible irony: our No 1 export earner is also the source of far too much of our greenhouse gases, and is ruining many of the pristine waterways that once underpinned the previous top earner: tourism.This awful...Source: nzherald.co.nz - Business | 18 Dec 2009 | 9:00 am Start-up fund fails to draw investorsPlans to set up a new $5 million fund to invest in start-up technology and high-growth Kiwi companies have failed to raise enough money.The Halo Fund, a joint venture between the Government-funded New Zealand Venture Investment...Source: nzherald.co.nz - Business | 18 Dec 2009 | 9:00 am This Week’s Weird Jobs
1. WA: Need someone to sit on lap I have bad back problems, and need someone to sit on my lap for four hours a day ,it helps me straigten my, back I know it sound weird but it helps , willing to pay ten dollars and hour for four hours , twice a week , has to be in good shape and looking for a male to do it because they are stronger to do this sort of job, if you are interested e mail , this is not bs ,you could watch tv, use computer I will even give you food, please respond , just want to let you know that I am not gay or anything like that , just need the weight of you leaning on me , that is all, and sitting on me helps , trust me this is not what I wanted but it helps, thank you The poster forgot to mention that people with gas probably aren’t welcome. 2. MN: Need discrimination, civil rights Please contact me if you are interested. Mobbing at the workplace? I assume this person either worked at a police precinct or an oil rig. If it’s an office, this really is an interesting case. 3. MN: DERRIERE MODELS FOR FITNESS VIDEO You may love people and the spotlight, but we don’t really care about that as long as your butt looks good in pink spandex. 4. OR: SMART ENERGY DRINK SALES REP • Long established company is launching a new Smart Energy Drink.. Hey there. We are a bar currently seeking someone who knows how to / is willing to learn how to / host a cool Trivia or Bingo night. What’s our idea of cool? Yeah, I guess that’s important! For Trivia: For Bingo: Sounds like a really fun game night. Where’s that bar again? Happy Friday!
Source: Business Pundit | 18 Dec 2009 | 8:26 am Morning Report: GM Says Saab Is Done; Google Buying YelpBy Daniel Costello General Motors announced today that it will be shutting down its Saab brand, after several efforts to sell the Swedish carmaker could not be completed. GM had been in talks with Dutch automaker Spyker Cars but "during due diligence, certain issues arose that both parties believe could not be resolved." GM had earlier tried to sell Saab to another sports car maker, Koenigsegg Group. GM said it's now going to wind down the operations. Search giant Google is reportedly interested in pushing harder into the local advertising market by buying Yelp, the review site for local businesses, according to the New York Times. The companies have discussed a price and are negotiating the details, but have not yet signed an agreement, the paper reported Friday. And the number of U.S. households that had their power turned off for nonpayment rose 5% this year, despite a doubling of federal emergency-bill assistance and lower utility rates in many parts of the country. According to the National Energy Assistance Directors Association, 4.3 million U.S. households were disconnected for nonpayment in fiscal year 2009, as federal assistance more than doubled to $5.1 billion. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 18 Dec 2009 | 7:47 am Worst PR Of The Day: AT&T (T)AT&T (NASDAQ:T) has had trouble with its network, reported due to the huge amount of activity by Apple (NASDAQ:AAPL) iPhone customers. Today, the phone company’s PR firm, Fleishman-Hillard, put out a release saying that independent research showed AT&T had better connection speeds than Verizon Wireless in “six out of nine locations”. Fleishman-Hillard then went on to highlight [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Dec 2009 | 7:18 am Top Day Trader Alerts (RIMM, PALM, DEER, ORCL, LDK, TTWO)These are this Friday’s top day trader alerts in the pre-market trading. We have more details on the news but more importantly for the traders on the data and analysis from trading ranges and volume comparisons. A link has been provided to each story at VSInvestor.com: Research-in-Motion Ltd. (NASDAQ: RIMM) is the top dog today with [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Dec 2009 | 7:01 am Today’s Best Market Rumors (12/18/2009) (GOOG)(GENZ)(TTWO)Updated throughout the day. The auto task force says GM and Chrysler are recovering ahead of schedule (Reuters) Carl Icahn may force management out of force a sales of Take-Two Interactive (NASDAQ:TTWO) after buying 11% of the company (various). Harvard ran short of cash during the credit crisis (Bloomberg) Regulators are fighting over whether the FDIC should keep its [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Dec 2009 | 6:52 am Top 10 Analyst Upgrades, Downgrades, Initiations (AOL, BP, CELG, EMC, MU, NTRS, NTAP, POT, RIMM)These are this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls: AOL Inc. (NYSE: AOL) Started as Neutral at Goldman Sachs. BP plc (NYSE: BP) Raised to Buy at Goldman Sachs. Celgene Corp. (NASDAQ: CELG) Started as Buy at Jefferies. EMC Corp. (NYSE: EMC) Raised to Conviction Buy List at Goldman Sachs. Micron Technology Inc. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Dec 2009 | 6:01 am Friday’s Top Options Alert: Bristol-Myers & Mead Johnson (BMY, MJN)Bristol-Myers Squibb Co. (NYSE: BMY) has been a real pest in the world of analyzing options trading activity. There has been a perpetual open interest alert with a monster contract volume in the DEC-2009 $30 CALLS and DEC-2009 $30 PUTS. The culprit is tied to the company splitting off its approximately 83% holdings in Mead [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Dec 2009 | 5:15 am Fault Tolerance
Source: Business Pundit | 18 Dec 2009 | 3:38 am
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