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S.Korea wins $20 billion nuclear deal from UAEABU DHABI (Reuters) - A South Korean consortium has won a $40 billion contract to build several nuclear reactors for the United Arab Emirates, industry sources said on Sunday.Source: Reuters: Business News | 27 Dec 2009 | 3:21 am Economic Preview: Consumers gaining confidence slowlyAmericans are cautiously poking their heads out of their collective shell, wondering if all is clear or if they’ll get whacked again. Rebuilding their confidence is proving, once again, a time-consuming process.
Source: MarketWatch.com - Top Stories | 27 Dec 2009 | 3:10 am S.Korean consortium wins UAE nuclear deal: sources (Reuters)
Source: Yahoo! News: Business | 27 Dec 2009 | 3:07 am No more extensions of tax credit for first-time home buyersThe provision that puts up to $8,000 in buyers' pockets won't be renewed a third time, industry leaders and lawmakers say.Home buyers hoping to take advantage of a new or extended tax credit should not procrastinate: This third bite at the apple will be the last.
Source: L.A. Times - Business | 27 Dec 2009 | 1:00 am Business LettersBank regulators deserve blame for being too lax, not too strict Re: " Small banks urged to lend ," Dec. 23:Source: RSS feed - channel BNPaperBusiness | 27 Dec 2009 | 1:00 am An environmental pioneer surfs a long green waveHe grew up partly on Midway Atoll, pop. 400, where sustainability was necessity. Last year, UC San Diego made him its first director of strategic energy initiatives. ...Source: RSS feed - channel BNPaperBusiness | 27 Dec 2009 | 1:00 am Play the percentages to pay off debtManage spending with a 50/30/20 divvy of your after-tax income. Dear Liz: My wife and I are working to get out of debt, and I am interested...Source: RSS feed - channel BNPaperBusiness | 27 Dec 2009 | 1:00 am A year of progress on consumer issuesTough for many consumers, it also brought progress on financial protection, product safety and healthcare reform ...Source: RSS feed - channel BNPaperBusiness | 27 Dec 2009 | 1:00 am New credit card rules add accountabilityIssuers will be less free to change users' terms but customers should be on the lookout for notice when they do.In a world where shopping online and booking a hotel or a rental car usually demands plastic, few people can survive without a credit card.
Source: L.A. Times - Business | 27 Dec 2009 | 1:00 am A plan for getting California's fiscal house in orderWeaning California leaders of wishful thinking and fiscal fantasy is a priority as another lean year awaits.Charles Dickens would have been flummoxed by the Golden State in 2009. It was the worst of times, pure and simple, with no "best" to balance out the ledger.
Source: L.A. Times - Business | 27 Dec 2009 | 1:00 am Proposed guidelines for reverse mortgages spell out potential pitfalls for homeownersToo often, regulators say, seniors are poorly counseled in advance and don't comprehend what they are getting into. ...Source: RSS feed - channel BNPaperBusiness | 27 Dec 2009 | 1:00 am Consumer BriefingDomino's changing its pizza recipeSource: RSS feed - channel BNPaperBusiness | 27 Dec 2009 | 1:00 am Business LettersBank regulators deserve blame for being too lax, not too strictRe: " Small banks urged to lend ," Dec. 23:
Source: L.A. Times - Business | 27 Dec 2009 | 1:00 am An environmental pioneer surfs a long green waveHe grew up partly on Midway Atoll, pop. 400, where sustainability was necessity. Last year, UC San Diego made him its first director of strategic energy initiatives.The gig: Since taking the job as UC San Diego's first director of strategic energy initiatives in September 2008, Byron Washom has worked to turn the 1,200-acre campus into a model of sustainability, a "living laboratory."
Source: L.A. Times - Business | 27 Dec 2009 | 1:00 am A year of progress on consumer issuesTough for many consumers, it also brought progress on financial protection, product safety and healthcare reformThis year was a total drag for consumers. Many of us lost our jobs, homes were foreclosed upon, medical bills piled up, recession-weary families scraped by month to month.
Source: L.A. Times - Business | 27 Dec 2009 | 1:00 am Consumer BriefingDomino's changing its pizza recipe
Source: L.A. Times - Business | 27 Dec 2009 | 1:00 am A plan for getting California's fiscal house in orderWeaning California leaders of wishful thinking and fiscal fantasy is a priority as another lean year awaits. Charles...Source: RSS feed - channel BNPaperBusiness | 27 Dec 2009 | 1:00 am Investors see farms as way to grow DetroitAcres of vacant land are eyed for urban agriculture under an ambitious plan that aims to turn the struggling Rust Belt city into a green mecca.On the city's east side, where auto workers once assembled cars by the millions, nature is taking back the land.
Source: L.A. Times - Business | 27 Dec 2009 | 1:00 am New credit card rules add accountabilityIssuers will be less free to change users' terms but customers should be on the lookout for notice when they do. ...Source: RSS feed - channel BNPaperBusiness | 27 Dec 2009 | 1:00 am Proposed guidelines for reverse mortgages spell out potential pitfalls for homeownersToo often, regulators say, seniors are poorly counseled in advance and don't comprehend what they are getting into.If you, your relatives or friends are contemplating applying for a reverse mortgage in 2010, check out the new guidelines proposed this month by the federal regulatory agencies for financial institutions.
Source: L.A. Times - Business | 27 Dec 2009 | 1:00 am No more extensions of tax credit for first-time home buyersThe provision that puts up to $8,000 in buyers' pockets won't be renewed a third time, industry leaders and lawmakers say. ...Source: RSS feed - channel BNPaperBusiness | 27 Dec 2009 | 1:00 am Play the percentages to pay off debtManage spending with a 50/30/20 divvy of your after-tax income.Dear Liz: My wife and I are working to get out of debt, and I am interested in comparing the amounts we spend on mortgage, food, diapers and so on with what would be considered ideal or at least average for homeowners living in areas with a high cost of living. Do you have recommended percentages for various items? I am always looking for places where we can cut our expenses so we can pay off debt faster.
Source: L.A. Times - Business | 27 Dec 2009 | 1:00 am Investors see farms as way to grow DetroitAcres of vacant land are eyed for urban agriculture under an ambitious plan that aims to turn the struggling Rust Belt city into a green mecca. ...Source: RSS feed - channel BNPaperBusiness | 27 Dec 2009 | 1:00 am Elbit Imaging Names Dudi Machluf and Ran Shtarkman Co-CEOsSource: RSS feed - channel BNewsBusiness | 27 Dec 2009 | 12:56 am Chinese Premier Wen says better if banks lend lessBEIJING (Reuters) - It would be better if lending by Chinese banks was not on such a large scale, Premier Wen Jiabao said in an interview broadcast on Sunday.Source: RSS feed - channel BNewsBusiness | 27 Dec 2009 | 12:20 am Chinese Premier Wen says better if banks lend lessBEIJING (Reuters) - It would be better if lending by Chinese banks was not on such a large scale, Premier Wen Jiabao said in an interview broadcast on Sunday.Source: Reuters: Business News | 27 Dec 2009 | 12:20 am Chinese Premier Wen says better if banks lend less (Reuters)Reuters - It would be better if lending by Chinese banks was not on such a large scale, Premier Wen Jiabao said in an interview broadcast on Sunday.Source: Yahoo! News: Business | 27 Dec 2009 | 12:20 am Need for power coal threatens Zimbabwe national parkZimbabwe's already dim electricity supply faces a new threat, as the country's main power plant says it needs to dig for new coal reserves under a river inside a national park to keep...Source: RSS feed - channel BNewsBusiness | 26 Dec 2009 | 8:35 pm UAE likely to unveil nuclear deal result on Sunday: reportsSEOUL (Reuters) - The United Arab Emirates is likely to announce the results of one of the world's biggest nuclear power contracts later Sunday, South Korean media reported.Source: RSS feed - channel BNewsBusiness | 26 Dec 2009 | 8:23 pm Sparse shelves greet post-Christmas deal hunters (AP)
Source: Yahoo! News: Business | 26 Dec 2009 | 8:06 pm Japan can avoid double-dip recession: ministerTOKYO (Reuters) - Japanese National Strategy Minister Naoto Kan said on Sunday the country's economy can avoid a double-dip recession thanks to economic recovery abroad, fiscal stimulus by the government and better market conditions.Source: Reuters: Business News | 26 Dec 2009 | 7:59 pm Japan can avoid double-dip recession: ministerTOKYO (Reuters) - Japanese National Strategy Minister Naoto Kan said on Sunday the country's economy can avoid a double-dip recession thanks to economic recovery abroad, fiscal stimulus by...Source: RSS feed - channel BNewsBusiness | 26 Dec 2009 | 7:59 pm Simmons Bedding financiers seek Chinese bidder: report (Reuters)Reuters - A group of financiers is trying to put a U.S. mattress maker now under bankruptcy court protection into play by encouraging Chinese bidders to top an already arranged offer for Simmons Bedding Co. , the Wall Street Journal reported late on Saturday.Source: Yahoo! News: Business | 26 Dec 2009 | 7:50 pm Simmons Bedding financiers seek Chinese bidder: reportSINGAPORE (Reuters) - A group of financiers is trying to put a U.S. mattress maker now under bankruptcy court protection into play by encouraging Chinese bidders to top an already arranged offer for Simmons Bedding Co., the Wall Street Journal reported late on Saturday.Source: Reuters: Business News | 26 Dec 2009 | 7:50 pm Simmons Bedding financiers seek Chinese bidder: reportSINGAPORE (Reuters) - A group of financiers is trying to put a U.S. mattress maker now under bankruptcy court protection into play by encouraging Chinese bidders to top an already arranged...Source: RSS feed - channel BNewsBusiness | 26 Dec 2009 | 7:50 pm Simmons Bedding financiers seek Chinese bidder - WSJSINGAPORE, Dec 27 (Reuters) - A group of financiers is trying to put a U.S. mattress maker now under bankruptcy court protection into play by encouraging Chinese bidders to top an already arranged offer...Source: RSS feed - channel BNewsBusiness | 26 Dec 2009 | 7:47 pm Euro zone deficits must be cut from 2011 latest: TrichetBERLIN (Reuters) - Banks must provide sufficient credit and governments in the euro zone must reign in public finances to support a global economic recovery in 2010, the President of the...Source: RSS feed - channel BNewsBusiness | 26 Dec 2009 | 6:03 pm Euro zone deficits must be cut from 2011 latest: TrichetBERLIN (Reuters) - Banks must provide sufficient credit and governments in the euro zone must reign in public finances to support a global economic recovery in 2010, the President of the European Central Bank (EBC) said on Sunday.Source: Reuters: Business News | 26 Dec 2009 | 6:03 pm CNN: Accused terrorist's father had contacted U.S.Source: Business and financial news - CNNMoney.com | 26 Dec 2009 | 5:33 pm Hedge fund chiefs at Marshall Wace share £55m bonusMANAGERS at the London hedge fund Marshall Wace will be celebrating more than Christmas this weekend as they look forward to their slice of a bonus pot worth £54.8m. Source: Latest Business News from Times Online | 26 Dec 2009 | 5:01 pm Barclays curtails overseas ambitionBARCLAYS, the banking giant, is curtailing its international expansion plans under a crackdown imposed by its new head of retail banking. Source: Latest Business News from Times Online | 26 Dec 2009 | 5:01 pm City bigwigs Derek Tullett and Sir Edward du Cann dragged into Flyglobespan rowTWO City veterans have been dragged into the bitter row over the collapse of Flyglobespan, the Scottish airline. Source: Latest Business News from Times Online | 26 Dec 2009 | 5:01 pm Smiths Group in Brazil bribery probeTHE Brazilian agent of Smiths Group, the FTSE 100 technology firm, is caught up in an investigation by the country’s police after accusations were made that bribery and industrial sabotage were used to win a contract for security scanners. Source: Latest Business News from Times Online | 26 Dec 2009 | 5:01 pm Pensions adviser Xafinity in £200m buyoutA COMPANY that oversees the payment of £11 billion a year to British pensioners, is set to be sold for about £200m. Source: Latest Business News from Times Online | 26 Dec 2009 | 5:01 pm Taxman probes Zavvi cash from Sir Richard BransonHM REVENUE & CUSTOMS is investigating Zavvi, the record chain that collapsed last year, over the tax treatment of a £55m cash injection by Sir Richard Branson. Source: Latest Business News from Times Online | 26 Dec 2009 | 5:01 pm Payback must waitThe weathermen had forecast wind and rain, but the day was always likely to turn out stormier than that. At the glass-fronted City headquarters of Royal Bank of Scotland, Sir Philip Hampton was expecting the worst. Source: Latest Business News from Times Online | 26 Dec 2009 | 5:01 pm Pounding for Gordon Brown over UK debt crisisA GROUP of leading economists has attacked the government for its “irresponsible” failure to set out “even the rudiments” of a convincing plan to reduce Britain’s £178 billion budget deficit and warns of “alarming complacency” in the face of the country’s fiscal challenges. Source: Latest Business News from Times Online | 26 Dec 2009 | 5:01 pm Hedgie Dixon Boardman ploughs new furrowA VETERAN American hedge-fund manager has launched a $100m fund to invest in American farmland as fears of food inflation grow.$ Source: Latest Business News from Times Online | 26 Dec 2009 | 5:01 pm Green tycoon Dale Vince’s eco supercarBRITAIN’s richest green entrepreneur, who built a £85m fortune on wind power, is to launch an eco supercar. Source: Latest Business News from Times Online | 26 Dec 2009 | 5:01 pm Part of DC airport floods, some gates closedOfficials at Reagan National Airport are evacuating part of a terminal and are closing a baggage claim area after a problem with a pipe caused flooding. A spokeswoman for the...Source: RSS feed - channel BNewsBusiness | 26 Dec 2009 | 4:33 pm Abu Dhabi in joint bid for EDF networkThe Gulf emirate is to make a joint £5bn bid for the electricity network that distributes power to millions of homes in England.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Dec 2009 | 3:49 pm Nigerian charged in attack on US planeA Nigerian man was charged with attempting to destroy US passenger plane on a flight from Amsterdam to Detroit with an explosive strapped to his bodySource: Financial Times - US homepage | 26 Dec 2009 | 3:40 pm Hedge fund chiefs' pay boost after stellar yearOne of the biggest-ever pay bonanzas is set to be triggered among Britain's hedge fund managers following the sector's most successful year for a decade.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Dec 2009 | 3:34 pm Guy Hands blasts bankers for earning 'wheelbarrows of money'Private equity tycoon Guy Hands has launched a remarkable attack on the banking sector.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Dec 2009 | 3:30 pm Buyers priced out of the UK housing marketHouse price affordability has started to be unattainable again for the average buyer.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Dec 2009 | 3:23 pm Apple's shares blossom as it prepares to enjoy the fruits of its latest productSpeculation over the impending arrival of its new tablet computer the iSlate has boosted the US technology company.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Dec 2009 | 3:14 pm NewsWatch: Heightened security follows thwarted attackAirports around the world on alert after alleged terrorist attempt Friday to bring down international flight landing in Detroit. Investigators say Nigerian suspect claimed ties to al Qaeda.
Source: MarketWatch.com - Top Stories | 26 Dec 2009 | 3:05 pm Deal over Lehman Brothers' UK debts moves closerThe Lehman Brothers' UK adminstration plan, which will return more than $11bn (£7bn) of assets to hedge funds looks set to be agreed.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Dec 2009 | 2:58 pm Heightened security follows thwarted attackAirports around the world on alert after alleged terrorist attempt Friday to bring down international flight landing in Detroit. Investigators say Nigerian suspect claimed ties to al Qaeda.
Source: MarketWatch.com - Top Stories | 26 Dec 2009 | 2:57 pm Goldman Sachs hired to invigorate sale of MatalanJohn Hargreaves, the 65-year-old founder of Matalan, has appointed advisers from Goldman Sachs to inject new life into the auction of the discount retailing giant.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Dec 2009 | 2:42 pm Britain's wealth pioneers thriving against the oddsSurvey shows country's top entrepreneurs generating wealth and jobs in hard times.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Dec 2009 | 2:33 pm Chinese economy overtakes JapanChina has almost certainly overtaken Japan to become the world's second-biggest economy.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Dec 2009 | 2:29 pm S.Korea's Lee in UAE to discuss nuclear dealABU DHABI (Reuters) - South Korean President Lee Myung-bak arrived in the United Arab Emirates (UAE) on Saturday in a push to win one of the world's biggest nuclear power contracts.Source: RSS feed - channel BNewsBusiness | 26 Dec 2009 | 2:06 pm Ernst & Young quits as auditor to Halabi propertiesThe downfall of Simon Halabi's London office portfolio has taken a new twist with Ernst & Young resigning as auditors after complaining about the lack of evidence being made available.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Dec 2009 | 2:04 pm Kiwi's brazen bank scamA Kiwi posing as an international banker has been jailed for a multi-million dollar fraud in the United States after being exposed as a conman.Shaun Gregory Morgan was called an "economic danger to the community" by a judge in...Source: nzherald.co.nz - Business | 26 Dec 2009 | 1:56 pm Argentina's economy may grow in 2010BUENOS AIRES (Reuters) - Argentina's economy could grow up to 7 percent in 2010 as the worst of the global financial crisis eases, Economy Minister Amado Boudou was quoted as saying in a local paper on Saturday.Source: Reuters: Business News | 26 Dec 2009 | 1:14 pm Apple's tablet: Will it be the 'iSlate'?Source: Business and financial news - CNNMoney.com | 26 Dec 2009 | 11:22 am Obamas urge Americans to count blessingsP:resident, wife use his weekly Internet address to celebrate Christmas season.
Source: MarketWatch.com - Top Stories | 26 Dec 2009 | 10:12 am NewsWatch: Heightened security follows thwarted attackU.S. airports on alert after alleged terrorist attempt Friday to bring down international flight landing in Detroit.
Source: MarketWatch.com - Top Stories | 26 Dec 2009 | 10:00 am Price war puts rivals in sightsCustomers are the winners as cut-throat silly season competition sees retailers publicly naming their rivals and vowing to beat them on price.A downtown Auckland Bond and Bond store's window advertising says it will better any...Source: nzherald.co.nz - Business | 26 Dec 2009 | 9:00 am Bernard Hickey: Caution on a housing 'boom'Homeowners may be tempted to order champagne for New Year celebrations after predictions of a rise in house prices next year.The housing market avoided Armageddon, but it's too early to crack open those bottles. Here are five...Source: nzherald.co.nz - Business | 26 Dec 2009 | 9:00 am Screen sweetenersThe Herald on Sunday checked how fiercely two rival retailers would fight for the sniff of a flatscreen television sale.Dick Smith Electronics in Auckland CBD was offering a Panasonic 42-inch TV for a sale price of $1388, which...Source: nzherald.co.nz - Business | 26 Dec 2009 | 9:00 am Koss fires executive after alleged $20 million embezzlement (Reuters)Reuters - Koss Corp fired its vice president of finance after she allegedly embezzled more than $20 million from the headphones maker for a multi-year shopping spree of expensive clothes, jewelry and other personal items.Source: Yahoo! News: Business | 26 Dec 2009 | 8:49 am Koss fires executive after alleged $20 million embezzlementNEW YORK (Reuters) - Koss Corp fired its vice president of finance after she allegedly embezzled more than $20 million from the headphones maker for a multi-year shopping spree of expensive clothes, jewelry and other personal items.Source: Reuters: Business News | 26 Dec 2009 | 8:49 am Iraqi and Iranian forces in oil well standoffRead full story for latest details.Source: Business and financial news - CNNMoney.com | 26 Dec 2009 | 8:21 am Counting down to a new yearWall Street is gearing up for an unpredictable week amid light trading volume, with many market participants on vacation and traders focused on the upcoming new year.Source: Business and financial news - CNNMoney.com | 26 Dec 2009 | 7:44 am Stocks to Watch: Stocks to watch on MondayAmong the companies whose shares are expected to see active trading on Monday are Cal-Maine Foods, Bunge and Questcor.
Source: MarketWatch.com - Top Stories | 26 Dec 2009 | 7:41 am More cash registers a ringin'Americans probably gifted retailers modestly better sales this year compared to a disastrous 2008. Still, that's no guarantee that consumers' shop 'till you drop mentality is back.Source: Business and financial news - CNNMoney.com | 26 Dec 2009 | 7:28 am Teaching real life money lessons this holidayWant to give your teens and preteens a gift they'll use long after they've outgrown Guitar Hero and Hannah Montana? Use the holiday shopping season to teach them some real-life budgeting skills they can apply now and throughout their lives. (Bonus: If you get them to stretch their own dollars, less has to come out of your pockets.) Both giving and receiving can be teachable moments, if you follow this advice:Source: Business and financial news - CNNMoney.com | 26 Dec 2009 | 7:27 am NewsWatch: U.S. stocks week ahead: Lunge toward the finish?Trading next week is likely to be even lighter than it has in recent sessions, meaning any surprises in economic data could provide for more pronounced swings for stocks.
Source: MarketWatch.com - Top Stories | 26 Dec 2009 | 7:05 am Personal Finance Daily: The week's 10 best Personal Finance storiesIn case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of Dec. 21-25:
Source: MarketWatch.com - Top Stories | 26 Dec 2009 | 6:01 am Top Ten: The week's Top 10 videos on MarketWatchIn case you missed them, here are the top 10 videos that appeared on MarketWatch for the week of Dec. 21-25:
Source: MarketWatch.com - Top Stories | 26 Dec 2009 | 6:01 am Auto Review: 2010 Lincoln MKS: No bang for the buckThe big news for the big Linc in 2010 is the addition of Ford’s much talked about EcoBoost engine. While I’m not so sure about the Eco, it certainly has the boost.
Source: MarketWatch.com - Top Stories | 26 Dec 2009 | 4:03 am
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