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News Corp., Time Warner Cable extend talksTime Warner Cable and News Corp. have extended their negotiations over carriage fees for the Fox Broadcasting network into New Year’s Day, media reports say.
Source: MarketWatch.com - Top Stories | 1 Jan 2010 | 1:28 am US mine deaths hit record low of 34 in 2009The number of miners killed on the job in the United States fell for a second straight year to 34. That's the fewest since officials began keeping records nearly a century ago. It's downSource: RSS feed - channel BNewsBusiness | 1 Jan 2010 | 1:10 am Farmers hope 'grown in Wisconsin' sells in ChinaTons of Chinese-made goods, from computers to catfish, flow west. But American ginseng goes the other way. U.S. farmers grow about 650,000 pounds of the bitter root each year, most of itSource: RSS feed - channel BNewsBusiness | 1 Jan 2010 | 1:00 am AT & T ends sponsorship of Tiger WoodsNEW YORK -- AT&T; Inc. said today it would no longer sponsor Tiger Woods, joining Accenture in dropping support for the golfer after numerous allegations of infidelities.Source: RSS feed - channel BNPaperBusiness | 1 Jan 2010 | 1:00 am Unemployment claims fall unexpectedlyLast week's decline, to the lowest level since July 2008, nurtures hope for continued improvement in the job market. ...Source: RSS feed - channel BNPaperBusiness | 1 Jan 2010 | 1:00 am 10 banks receive TARP aidThe Treasury Department invests $29.3 million in a final act of TARP's capital purchase program. The Treasury...Source: RSS feed - channel BNPaperBusiness | 1 Jan 2010 | 1:00 am 3 new netbooks show signs of progress but also old and fresh mistakesThe makers of Acer's Aspire One, Nokia's Booklet 3G and Hewlett-Packard's Mini 311 have learned from their early errors, but the devices are far from perfect. ...Source: RSS feed - channel BNPaperBusiness | 1 Jan 2010 | 1:00 am Huffington Post targets big banksA blog post urges clients of BofA and others to move deposits to community banks and credit unions to protest what the blog calls a return to risky practices by the big banks. ...Source: RSS feed - channel BNPaperBusiness | 1 Jan 2010 | 1:00 am Job seekers with disabilities wonder when to disclose them to potential employersExperts suggest that it's best for applicants to focus on their qualifications and wait to bring up the topic of a disability until it becomes relevant to the discussion.Pat Leahy's resume is sprinkled with relevant skills and achievements. Although he doesn't note his blindness since birth, he often wonders when to disclose it to potential employers. Should he tell them before the in-person interview or simply walk in with his guide dog?
Source: L.A. Times - Business | 1 Jan 2010 | 1:00 am Rising mortgage rates will test housing marketThe interest rate for a 30-year loan ticks up to 5.14%, the fourth consecutive weekly increase.Mortgage rates are continuing their creep upward in a trend that well may choke off a recent refinancing boom and provide a test of the strength of the housing market in 2010.
Source: L.A. Times - Business | 1 Jan 2010 | 1:00 am News Corp. and Time Warner Cable agree to extension in contract talksFox TV stations remain on the cable system as a midnight deadline passes.News Corp.'s Fox TV stations and several of its cable networks remained on Time Warner Cable systems as executives from the two companies negotiated late into the New Year's Eve night on a new contract that would prevent the signals from going dark.
Source: L.A. Times - Business | 1 Jan 2010 | 1:00 am After buying home, plan for expensesMany first-time owners don't set enough funds aside for maintenance and emergency repairs, industry experts say. ...Source: RSS feed - channel BNPaperBusiness | 1 Jan 2010 | 1:00 am Rising mortgage rates will test housing marketThe interest rate for a 30-year loan ticks up to 5.14%, the fourth consecutive weekly increase. Mortgage rates...Source: RSS feed - channel BNPaperBusiness | 1 Jan 2010 | 1:00 am Should you convert to a Roth IRA?The government is offering a tax-deferred window for those switching from a conventional IRA. But the tax break is not necessarily a good deal. ...Source: RSS feed - channel BNPaperBusiness | 1 Jan 2010 | 1:00 am News Corp. and Time Warner Cable agree to extension in contract talksFox TV stations remain on the cable system as a midnight deadline passes. News Corp.'s Fox TV stations and several...Source: RSS feed - channel BNPaperBusiness | 1 Jan 2010 | 1:00 am 2009 business news quizHow well did you follow developments in the world of finance over the last 12 months?1. Which of these was not included in the $787-billion economic stimulus bill?
Source: L.A. Times - Business | 1 Jan 2010 | 1:00 am 3 new netbooks show signs of progress but also old and fresh mistakesThe makers of Acer's Aspire One, Nokia's Booklet 3G and Hewlett-Packard's Mini 311 have learned from their early errors, but the devices are far from perfect.Netbooks are a bright idea suffering from dim imaginations.
Source: L.A. Times - Business | 1 Jan 2010 | 1:00 am Wall St. closes year of tumultMajor stock indexes storm back from lows in March to post double-digit gains. Wall Street on Thursday closed out...Source: RSS feed - channel BNPaperBusiness | 1 Jan 2010 | 1:00 am Huffington Post targets big banksA blog post urges clients of BofA and others to move deposits to community banks and credit unions to protest what the blog calls a return to risky practices by the big banks.There can be few institutions more despised as 2010 begins than big U.S. banks, but what can the average person do about it?
Source: L.A. Times - Business | 1 Jan 2010 | 1:00 am After buying home, plan for expensesMany first-time owners don't set enough funds aside for maintenance and emergency repairs, industry experts say.On his road to homeownership, Scott Leibfried has learned one thing: Expect the unexpected.
Source: L.A. Times - Business | 1 Jan 2010 | 1:00 am Unemployment claims fall unexpectedlyLast week's decline, to the lowest level since July 2008, nurtures hope for continued improvement in the job market.The number of recently laid-off workers filing for unemployment benefits dropped unexpectedly last week to the lowest level since July 2008, sparking hope that the job market could be on the mend.
Source: L.A. Times - Business | 1 Jan 2010 | 1:00 am Should you convert to a Roth IRA?The government is offering a tax-deferred window for those switching from a conventional IRA. But the tax break is not necessarily a good deal.Responding to a widespread clamor for better access to Roth IRAs, the federal government is lifting some restrictions on them and giving a tax break to those who choose to convert a conventional individual retirement account to a Roth in 2010.
Source: L.A. Times - Business | 1 Jan 2010 | 1:00 am Wall St. closes year of tumultMajor stock indexes storm back from lows in March to post double-digit gains.Wall Street on Thursday closed out a wild year with a last-minute bout of apprehension -- fitting enough, given the gigantic questions that loom for the economy and financial system in 2010.
Source: L.A. Times - Business | 1 Jan 2010 | 1:00 am Fox, Time Warner Cable ink temp deal to avoid blackoutNEW YORK (Reuters) - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like "The Simpsons" and college and NFL football games.Source: Reuters: Business News | 31 Dec 2009 | 11:43 pm Fox, Time Warner Cable ink temp deal to avoid blackout (Reuters)Reuters - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like "The Simpsons" and college and NFL football games.Source: Yahoo! News: Business | 31 Dec 2009 | 11:43 pm UPDATE 1-Fox, Time Warner Cable ink temp deal to avoid blackoutNEW YORK, Jan 1 (Reuters) - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13...Source: RSS feed - channel BNewsBusiness | 31 Dec 2009 | 11:40 pm China's manufacturing activity expands in DecemberChina's manufacturing activity expanded for the 10th straight month in December as the recovery in the world's third-largest economy continued to gather pace, official data showed on...Source: RSS feed - channel BNewsBusiness | 31 Dec 2009 | 11:13 pm Fox fans could face dead airAs New Year's revelers count down to the end of 2009, time is also running out for Time Warner Cable and Fox to agree to a new contract.Source: Business and financial news - CNNMoney.com | 31 Dec 2009 | 10:35 pm Fox, Time Warner Cable ink deal to avoid blackoutNEW YORK, Jan 1 (Reuters) - Time Warner Cable and News Corp's Fox Networks Group agreed to a brief extension of their current carriage contract late on Thursday to avoid a blackout that would have prevented...Source: RSS feed - channel BNewsBusiness | 31 Dec 2009 | 10:25 pm Market Snapshot: Stocks may struggle with less government supportEconomic data in early January may test recovery, set tone for 2010.
Source: MarketWatch.com - Top Stories | 31 Dec 2009 | 10:01 pm Thomas Kostigen's Ethics Monitor: America lost its edge in the global marketAmerica needs a new era and something to take pride in, writes Thomas Kostigen.
Source: MarketWatch.com - Top Stories | 31 Dec 2009 | 10:01 pm Outside the Box: A new year, a new bubbleDon't get swept up in Amazon.com mania, writes Robert Maltbie.
Source: MarketWatch.com - Top Stories | 31 Dec 2009 | 10:01 pm Stocks to Watch: Stocks in focus for MondayAmong the companies whose shares are expected to see active tradfing Monday are Wells Fargo, Time-Warner Cable and Nesws Corp. U.S. markets are closed Friday for the New Year holiday.
Source: MarketWatch.com - Top Stories | 31 Dec 2009 | 10:01 pm China factories boom in Dec, demand lifts Korea exportsBEIJING/SEOUL (Reuters) - China's economic growth looks set to accelerate into the new year, with booming factories driving a December manufacturing survey to a 20-month high while South...Source: RSS feed - channel BNewsBusiness | 31 Dec 2009 | 9:52 pm China factories boom in Dec, demand lifts Korea exportsBEIJING/SEOUL (Reuters) - China's economic growth looks set to accelerate into the new year, with booming factories driving a December manufacturing survey to a 20-month high while South Korea's exports to the country surged on strong demand.Source: Reuters: Business News | 31 Dec 2009 | 9:52 pm China's official PMI hits 20-month high in DecBEIJING (Reuters) - China's manufacturing sector steamed ahead in December as strong rises in new orders and output drove a key economic survey to a 20-month high.Source: Reuters: Business News | 31 Dec 2009 | 9:45 pm GM India chief says China partnership start of Asia thrustFor GM India chief Karl Slym, the expansion of the US auto giant's 12-year alliance with its Chinese partner SAIC Motor to tap India's burgeoning vehicle market is win-win for both sides.Source: RSS feed - channel BNewsBusiness | 31 Dec 2009 | 9:37 pm Toyota's hybrid Prius faces US probe over brakesToyota is facing a potential safety issue with its highest profile vehicle, the Prius, the latest in a plague of quality problems that forced it to recall four million vehicles in 2009. ...Source: RSS feed - channel BNewsBusiness | 31 Dec 2009 | 9:35 pm All Nippon mulls taking JAL's overseas flights: reportTOKYO (Reuters) - Japanese airline All Nippon Airways is considering taking over the international routes of struggling rival Japan Airlines Corp, the Yomiuri Shimbun newspaper said on Friday.Source: Reuters: Business News | 31 Dec 2009 | 9:17 pm Bullish Wall Street grapples with rate concerns (AFP)
Source: Yahoo! News: Stock Markets News | 31 Dec 2009 | 9:17 pm Janitors on Delta, United planes end Boston strikeJanitors who clean Delta and United airlines planes at Boston's Logan International Airport have ended their 24-hour strike. The more than 100 Aramark Corp. employees clean toilets and...Source: RSS feed - channel BNewsBusiness | 31 Dec 2009 | 9:16 pm China PMI hits 20-month highReport shows 10th straight month of economic expansion.
Source: MarketWatch.com - Top Stories | 31 Dec 2009 | 8:57 pm All Nippon mulls taking JAL's overseas flights: reportTOKYO (Reuters) - Japanese airline All Nippon Airways is considering taking over the international routes of struggling rival Japan Airlines Corp, the Yomiuri Shimbun newspaper said on...Source: RSS feed - channel BNewsBusiness | 31 Dec 2009 | 8:43 pm Few called market turn, fewer predict it will last (AP)
Source: Yahoo! News: Stock Markets News | 31 Dec 2009 | 6:20 pm Mutual Funds Weekly: Fund investors deserve a happy new yearThe market’s roller-coaster ride ended the decade on a high note for investors. May that good fortune continue for you and yours during a happy, healthy and prosperous new year.
Source: MarketWatch.com - Top Stories | 31 Dec 2009 | 6:02 pm Movers & Shakers: Thursday's biggest gaining and declining stocksMarketWatch's daily rundown of major gainers and decliners in the U.S. stock market.
Source: MarketWatch.com - Top Stories | 31 Dec 2009 | 6:02 pm Metals Stocks: Gold rises on dollar to make 9th yearly gainGold futures end 2009 with ninth consecutive annual gain.
Source: MarketWatch.com - Top Stories | 31 Dec 2009 | 5:57 pm Wall St closes out '09 with best gains since 2003NEW YORK (Reuters) - U.S. stocks ended 2009 on Thursday with their best gains since 2003, driven by optimism about the economy's recovery and a brighter outlook for profits.Source: Reuters: Business News | 31 Dec 2009 | 5:50 pm China and Asean trade deal beginsA new free trade area incorporating China and the six founding Asean members is coming into effect.Source: BBC News | Business | World Edition | 31 Dec 2009 | 5:33 pm Weekend Investor: Stock-fund investors greet new year with a grimaceWhat goes down mustn’t go up, but for investors in U.S. stock mutual-funds this year, the law of gravity reversed -- and in a big way.
Source: MarketWatch.com - Top Stories | 31 Dec 2009 | 5:27 pm Money printing scheme is working, Bank of England saysLending to households and businesses continued to pick up in the final three months of last year and is expected to rise further in the coming months, the Bank of England said yesterday, boosting hopes that its scheme of quantitative easing is working. Source: Latest Business News from Times Online | 31 Dec 2009 | 5:01 pm Rusal cash call comes with warning to investorsLong-awaited capital-raising plans were finally revealed yesterday by Rusal, the Russian aluminium giant, but came with a prominent warning in red ink on the front page of its flotation prospectus in Hong Kong. Source: Latest Business News from Times Online | 31 Dec 2009 | 5:01 pm Business big shot: Lucinda Bruce-GardyneA housewife who struggled for five years to create a gluten-free bread that her child could eat without suffering an allergic reaction has become a millionaire businesswoman after the product was snapped up by several stores. Source: Latest Business News from Times Online | 31 Dec 2009 | 5:01 pm A year when tipsters took a tumbleThis should really be my last column. After proving so hopelessly wrong in my predictions for 2009, you might think I should just apologise quietly and bow out gracefully. But I am going to have another stab, if only because pretty much everyone else was hopelessly wrong too. Source: Latest Business News from Times Online | 31 Dec 2009 | 5:01 pm Central London office rents are set to riseThe cost of renting an office in Central London is set to rise this year as the effect of a two-year development drought finally bites. Source: Latest Business News from Times Online | 31 Dec 2009 | 5:01 pm Age of austerityIf you had invested £1,000 in the FTSE 100 index of leading UK shares this time last year, your holding would now be worth £1,220. That return, of more than a fifth, is comfortably the best performance for the UK stock market this century. It far outstrips the modest rise in house prices in 2009. Stock markets look forward rather than back: share prices reflect what investors expect for future corporate earnings. It might seem a reasonable inference, then, that the stock market must be expecting a strong economic recovery. Source: Latest Business News from Times Online | 31 Dec 2009 | 5:01 pm Solicitors Regulation Authority closes down law firm WolstenholmesA leading law firm has been closed by regulators and five solicitors have been suspended after allegations of dishonesty involving hundreds of thousands of pounds of clients’ money. Source: Latest Business News from Times Online | 31 Dec 2009 | 5:01 pm The Times celebrates its 225th birthdayOn this day 225 years ago the very first issue of a newspaper that would soon be renamed The Times appeared on the streets of London. It would become the most famous newspaper in the world, the national journal of record, with the longest record of continuous daily publication in the English language. Source: Latest Business News from Times Online | 31 Dec 2009 | 5:01 pm AT&T becomes latest sponsor to hang up on Tiger WoodsAT&T yesterday became the latest sponsor to turn tail on Tiger Woods after allegations of multiple extramarital affairs soiled the golfer’s pristine image. Source: Latest Business News from Times Online | 31 Dec 2009 | 5:01 pm Flotations set to return to the fore but investors will be discerning over which they backIf 2009 was the UK’s year of the rescue rights issue, 2010 is set to be the year of the IPO and perhaps — whisper it quietly — a mini boom in mergers and acquisitions. Source: Latest Business News from Times Online | 31 Dec 2009 | 5:01 pm Stock Funds Rocket Out Of The Ditch (Investor's Business Daily)Investor's Business Daily - Stock mutual funds pulled a Lazarus in 2009. After falling into a deep hole, they leapt and rejoined the land of the living.Source: Yahoo! News: Stock Markets News | 31 Dec 2009 | 4:54 pm Economy, Politics, Business in 2010: Political Capital PodcastSource: Bloomberg - All Podcasts | 31 Dec 2009 | 4:50 pm Wall St closes out '09 with best gains since 2003 (Reuters)
Source: Yahoo! News: Business | 31 Dec 2009 | 4:24 pm Wall St closes out '09 with best gains since 2003 (Reuters)
Source: Yahoo! News: Stock Markets News | 31 Dec 2009 | 4:24 pm Leadership, Investing, Job Hunting in 2010: TakingStock PodcastSource: Bloomberg - All Podcasts | 31 Dec 2009 | 4:21 pm Stocks fall sharply as investors close out 2009 (AP)
Source: Yahoo! News: Stock Markets News | 31 Dec 2009 | 4:04 pm New year, old worries for U.S. stocks (Reuters)
Source: Yahoo! News: Stock Markets News | 31 Dec 2009 | 3:54 pm New year, old worries for U.S. stocksNEW YORK (Reuters) - U.S. stocks closed out 2009 with the best performance in six years, but monthly employment figures in the first week of the new year will keep investors focused on what is likely to be 2010's reality -- the economy's struggle to recover.Source: Reuters: Business News | 31 Dec 2009 | 3:54 pm Washington DC sues AT&T over calling cardsNEW YORK (Reuters) - The attorney general for Washington D.C. has filed a lawsuit against an AT&T Inc unit, seeking to recover consumers' unused balances on prepaid calling cards.Source: Reuters: Business News | 31 Dec 2009 | 3:52 pm How the major stock indexes fared on Thursday (AP)AP - The stock market closed out a remarkable 2009 with a loss as investors bet the improving economy will lead the government to pull back on its stimulus measures.Source: Yahoo! News: Stock Markets News | 31 Dec 2009 | 3:40 pm The 10 Most Expensive Auction Items Of All TimeAuctions are designed to drive up the price of something via competitive, real-time bidding. That being the case, it comes as no surprise that some items reach truly astronomical prices by the time the winning bid is accepted. We’re not talking about putting the old vinyl records in your basement on eBay, either. For instance, would you believe that one man bid (and paid) over $100 million for a painting? These and other examples of runaway auction spending are explored below. Pablo Picasso’s Boy with a Pipe (The Young Apprentice)
Leonardo da Vinci’s Codex Hammer
Roman Sculpture: Artemis and the Stag
405-Foot Mega-Yacht
1957 Ferrari Testa Rossa
Badminton Cabinet
Marilyn Monroe’s Dress
Guarneri del Gesu Violin
Wittelsbach Diamond
Mark McGwire’s 70th Home Run Baseball
The race between McGwire and Sosa for the most home runs batted in a season was an event the entire country united over. Whether or not you even liked baseball, the record breaking season was something you no doubt read about or even watched as it unfolded. The ball that set the new record, number 70, cracked off McGwire’s bat in 1998, and in 1999 it sold at auction for $3 million. Unfortunately for the current owner of that ball, McGwire’s testy remarks at 2005’s Congressional hearing on steroid use in baseball has alienated much of his public support, making that ball practically worthless compared to that astronomical purchase price in 1999.
Source: Business Pundit | 31 Dec 2009 | 3:25 pm Jobless claims hit 17-month low (Reuters)
Source: Yahoo! News: Business | 31 Dec 2009 | 3:19 pm Jobless claims hit 17-month lowWASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless benefits unexpectedly fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of creating jobs.Source: Reuters: Business News | 31 Dec 2009 | 3:19 pm Wall Street ends year in redUS stocks ended the day - and the decade - in the red after encouraging jobs data renewed concerns over interest rate hikes next yearSource: Financial Times - US homepage | 31 Dec 2009 | 3:13 pm Gordon Brown to intervene in closure of Corus plantGordon Brown is to personally intervene in a last-ditch effort to save up to 1,700 jobs at a steelworks which is due to be mothballed, according to Vera Baird, the Solicitor General.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 31 Dec 2009 | 3:02 pm Stocks falter at the end of an up yearStocks slumped Thursday in a thinly-traded session on the last day of 2009 as investors mulled a better-than-expected report on initial jobless claims at the end of a big year on Wall Street.Source: Business and financial news - CNNMoney.com | 31 Dec 2009 | 2:56 pm Wall St ends 2009 on downward noteThe stock market looked to end 2009 on a down note as institutional investors made some last-minute adjustments to their portfolios.News that weekly unemployment claims fell to the lowest level since July 2008 gave stocks an initial...Source: nzherald.co.nz - Business | 31 Dec 2009 | 2:55 pm Fed's balance sheet shrinks slightly (Reuters)Reuters - The U.S. Federal Reserve's balance sheet shrank slightly in the latest week on a small dip in its holdings of agency mortgage-backed securities, Fed data released on Thursday showed.Source: Yahoo! News: Business | 31 Dec 2009 | 2:41 pm Wells Fargo grants $25 million in stock bonuses to top execsNEW YORK (Reuters) - Wells Fargo & Co said on Thursday it gave Chief Executive John Stumpf and three other top executives stock payouts worth a total of about $25 million, but it said none of these executives will receive a cash bonus for 2009.Source: Reuters: Business News | 31 Dec 2009 | 2:38 pm Stock markets recover in 2009Stock markets recover in 2009, with Shanghai among the best performers as the index rises 80% over the course of the year.Source: BBC News | Business | World Edition | 31 Dec 2009 | 2:29 pm US investigates security flawsPresident Barack Obama will meet intelligence and security agency heads on Tuesday after he returns to Washington, as his administration tries to close the holes in the system that let a would-be terrorist board a flight to the US last weekSource: Financial Times - US homepage | 31 Dec 2009 | 2:16 pm Farewell to an ugly decadeCall the last 10 years whatever you want: the Naughty Aughties, the Awful Aughts or the Zilches are all appropriate. If you are an investor, you're probably thankful the decade is over and are longing for better times ahead in the Teens.Source: Business and financial news - CNNMoney.com | 31 Dec 2009 | 1:58 pm Mortgage interest rates rise, set to climb higher in 2010 (The Christian Science Monitor)The Christian Science Monitor - Mortgage interest rates crept up for the fourth week in a row Thursday, a troubling sign for borrowers hoping that home finance will remain near historic lows during the new year.Source: Yahoo! News: Business | 31 Dec 2009 | 1:51 pm New and improved mortgage applicationsStarting Jan. 1, new rules go into effect that simplify and clarify exactly what mortgage lenders will charge for a loan.Source: Business and financial news - CNNMoney.com | 31 Dec 2009 | 1:45 pm WaMu says tax refund may double, shares soarWILMINGTON, Delaware (Reuters) - Washington Mutual Inc said it could receive an additional $2.6 billion in tax refunds due to a recently enacted law, sending shares of the bankrupt bank holding company soaring on Thursday.Source: Reuters: Business News | 31 Dec 2009 | 1:30 pm WaMu says tax refund may double, shares soar (Reuters)
Source: Yahoo! News: Business | 31 Dec 2009 | 1:30 pm Electronics Led Jump in Online Holiday Shopping (NewsFactor)NewsFactor - More customers chose to point and click rather than park and swipe this Christmas season, with a five percent increase in online shopping over the same period last year, a study by the Internet marketing firm comScore says. By comparison, in-store retail shopping grew only 3.6 percent, according to credit-card spending tracked by Mastercard Advisor's' Spending Pulse.Source: Yahoo! News: Business | 31 Dec 2009 | 1:17 pm 6 companies Google should buy in 2010Google CEO Eric Schmidt said in September that the search leader will buy up one company a month in 2010. Here's a look at some of the leading contenders.Source: Business and financial news - CNNMoney.com | 31 Dec 2009 | 12:56 pm Iceland's president turns cold on Icesave dealIceland's president has at the eleventh hour threatened to derail a £2.3bn deal to compensate the UK Government for coming to the aid of 300,000 customers of Icesave, the failed internet bank.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 31 Dec 2009 | 12:51 pm Looking Forward To 2010
Say hello to 2010. (Cliff_C/Flickr) By Caitlin Kenney Today we say goodbye to 2009 and look forward to the year ahead. We'll be off tomorrow so we leave you with some predictions for 2010. Since we know the dangers of forecasting, we hand it over to Financial Times editor, Francesco Guerrera, who has already written down his best guesses for what 2010 will bring in U.S. finance. Some of them sound good: US manufacturing will experience an unlikely rebirth. Left for dead after the last recession, the industry of making things will benefit from a depreciating currency, an ample supply of labor and the country's technological prowess to recover some of the ground lost to the service sector. The bad news is this will not be enough to trigger a lasting recovery throughout the country: the US economy will still need consumers and financial services to regain its footing. Others not so much: Banks will redouble their efforts to lobby against tough new financial rules. No longer required to show gratitude to taxpayers, the industry will launch an all-out attack against the new legislation. The planned Consumer Protection Agency and higher capital standards will be two favorite targets. Have any you'd like to share? » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 31 Dec 2009 | 12:32 pm FTSE 250: 'Cheap and nasty' rally helps mid-caps outperform blue-chipsPendragon's incredible 1,254pc surge to 22½p is indicative of what UBS strategists have dubbed the "cheap and nasty" rally.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 31 Dec 2009 | 12:18 pm Aim market: metal, mineral and oil companies drive revivalThe Alternative Investment Market's vast legion of resource companies helped London's junior market achieve a mini revival in 2009 following a dreadful 2008.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 31 Dec 2009 | 12:14 pm AT&T breaks ties with Tiger WoodsAT&T dropped its sponsorship of Tiger Woods following weeks of allegations of the golf star’s marital infidelitySource: Financial Times - US homepage | 31 Dec 2009 | 11:55 am Miners lead the charge as FTSE 100 rises 22pc in 2009Markets have a habit of doing it. What looks like an ugly duckling one year transforms into a swan the next.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 31 Dec 2009 | 11:35 am A look at economic developments around the globe (AP)AP - A look at economic developments and activity in major stock markets around the world Thursday:Source: Yahoo! News: Business | 31 Dec 2009 | 11:31 am A look at economic developments around the globe (AP)AP - A look at economic developments and activity in major stock markets around the world Thursday:Source: Yahoo! News: Stock Markets News | 31 Dec 2009 | 11:31 am AIG boss quits over payAmerican International Group has lost a top executive because of the Government's limits on executive pay.AIG said yesterday that vice-chairman and general counsel Anastasia Kelly had resigned, effective immediately.Kelly...Source: nzherald.co.nz - Business | 31 Dec 2009 | 11:30 am 25 New Year’s Quotes to Ring in 2010
Happy New Year! To ring in 2010, we’ve listed 25 new year’s quotes, sayings, and toasts to help you bless the incoming year (and decade): 1. Year’s end is neither an end nor a beginning but a going on, with all the wisdom that experience can instill in us. -Hal Borland 2. It wouldn’t be New Year’s if I didn’t have regrets. -William Thomas 3. An optimist stays up until midnight to see the new year in. A pessimist stays up to make sure the old year leaves. -Bill Vaughan 4. A New Year’s resolution is something that goes in one year and out the other. -Author unknown 5. Cheers to a new year and another chance for us to get it right. -Oprah Winfrey 6. New Year’s Day: Now is the accepted time to make your regular annual good resolutions. Next week you can begin paving hell with them as usual. -Mark Twain 7. New Year’s Eve, where auld acquaintance be forgot. Unless, of course, those tests come back positive. -Jay Leno 8. One resolution I have made, and try always to keep, is this: To rise above the little things. -John Burroughs 9. May all your troubles last as long as your New Year’s resolutions. -Joey Adams 10. The only way to spend New Year’s Eve is either quietly with friends or in a brothel. Otherwise when the evening ends and people pair off, someone is bound to be left in tears. -W.H. Auden 11. New Year’s Resolution: To tolerate fools more gladly, provided this does not encourage them to 12. Now there are more overweight people in America than average-weight people. So overweight people are now average… which means, you have met your New Year’s resolution. -Jay Leno 13. New Year’s Day is every man’s birthday. -Charles Lamb 14. Many people look forward to the New Year for a new start on old habits. -Author unknown 15. It wouldn’t be New Year’s if I didn’t have regrets. -William Thomas 16. Happiness is too many things these days for anyone to wish it on anyone lightly. So let’s just wish each other a bileless New Year and leave it at that. -Judith Crist 17. The object of a new year is not that we should have a new year. It is that we should have a new soul. -G.K. Chesterton 18. For last year’s words belong to last year’s language and next year’s words await another voice. -T.S. Eliot 19. From New Year’s on the outlook brightens; good humor lost in a mood of failure returns. I resolve to stop complaining. -Leonard Bernstein 20. In the New Year, may your right hand always be stretched out in friendship, but never in want. -Irish toast 21. Every New Year is the direct descendant, isn’t it, of a long line of proven criminals? -Ogden Nash 22. Stir the eggnog, lift the toddy, Happy New Year, everybody. -Phyllis McGinley 23. Your Merry Christmas may depend on what others do for you … but your Happy New Year depends on what you do for others. -Author unknown 24. Here’s a toast to the future, A toast to the past, And a toast to our friends, far and near. May the future be pleasant; The past a bright dream; May our friends remain faithful and dear. -Anonymous 25. Always bear in mind that your own resolution to succeed is more important than any one thing. -Abraham Lincoln
Source: Business Pundit | 31 Dec 2009 | 11:20 am 3 reasons home prices are headed lowerAfter four months of gains, home prices flattened in October. Worse yet, industry insiders think that they'll soon start to fall.Source: Business and financial news - CNNMoney.com | 31 Dec 2009 | 11:17 am Dinner Party Download: Small TalkRico Gagliano, Brendan Francis Newnam and other Marketplace staffers look back on 2009 -- not the big stories but the some of the more fun stuff.Source: Marketplace | 31 Dec 2009 | 11:12 am Big BCS payouts go only to a select fewCollege football's Bowl Championship Series kicks off New Year's Day. The week-long series of games brings in a lot of money for the invited schools and their conferences -- and complaints from schools not included. Nancy Farghalli reports.Source: Marketplace | 31 Dec 2009 | 11:12 am What happened to financial reform?The push to overhaul regulations for America's financial system didn't get very far in 2009. Marketplace's Washington Bureau Chief John Dimsdale reviews the propects for change with host Kai Ryssdal.Source: Marketplace | 31 Dec 2009 | 11:12 am The decade in a Marketplace MinuteBill Radke, host of the Marketplace Morning Report, reviews in a 60-second poem what went wrong in the economy this past decade.Source: Marketplace | 31 Dec 2009 | 11:12 am The Weekly Wrap2009 has been a heck of a year, and 2010 may turn out to be trickier than we think. Kay Ryssdal talks with Felix Salmon from Reuters and Clusterstock's John Carney to get their views.Source: Marketplace | 31 Dec 2009 | 11:12 am It's 'use it or lose it' time for your FSAAt this time of year a lot of people end up with a balance in their flexible spending account -- that company benefit that lets you sock away money tax-free for health care. Marketplace's Amy Scott is one. She reports on the business of the FSA rush.Source: Marketplace | 31 Dec 2009 | 11:12 am Cheap borrowing may not last in 2010The U.S. sold about $2 trillion worth of notes and bonds this year as the federal government sold more IOUs to pay for its ballooning deficit. Borrowing was cheap this year. But next year may be a different story. Nancy Marshall Genzer reports.Source: Marketplace | 31 Dec 2009 | 11:12 am Was it the lost decade? Not entirely.Compared to 10 years ago the average American is earning about $5 an hour more, but unemployment has tripled, single-family home sales are 34% lower, and stocks are down 8%. Yet, some see signs we're doing better economically. Bob Moon reports.Source: Marketplace | 31 Dec 2009 | 11:12 am Philip Verleger Discusses Oil, Gas Markets in 2010: AudioSource: Bloomberg - All Podcasts | 31 Dec 2009 | 11:08 am Questor review of the year - Questor beats the market, with 2009 tips up 56pcChoosing tips for 2009 was a difficult task, with six stocks selected as a balanced portfolio for troubled times.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 31 Dec 2009 | 11:08 am Wells Fargo grants $25 million in stock bonuses to top execs (Reuters)
Source: Yahoo! News: Business | 31 Dec 2009 | 10:54 am AT&T Stops Sponsoring Tiger Woods
AT&T has canceled its sponsorship of Tiger Woods, becoming the third company after P&G and Accenture to do so. Bloomberg has more: “We are ending our sponsorship agreement with Tiger Woods and wish him well,” Michael Coe, a spokesman for the biggest U.S. phone company, said in an e-mail today. AT&T began a multiyear deal in February to place its logo on Woods’s golf bag and has sponsored his annual Tiger Jam benefit concerts. Investors in companies that sponsored Woods lost as much as $12 billion after reports of his infidelity, researchers at the University of California at Davis said this week. AT&T hasn’t featured Woods in its advertising campaigns. Coe declined to disclose financial terms of the sponsorship agreement with Woods. AT&T will still sponsor the U.S. PGA Tour’s AT&T National tournament, Coe said. Woods has been the host of the event, which benefits the Tiger Woods Foundation. The 2010 AT&T National is scheduled for July at the Aronimink Golf Club outside of Philadelphia. E! Online puts the situation succinctly: Someone over at AT&T finally realized that a man made infamous for his marriage- and career-decimating naughty text messages may not be the best person to front your cell phone service plans.
Source: Business Pundit | 31 Dec 2009 | 10:43 am Moffett Discusses Fox Network, Time Warner Dispute: AudioSource: Bloomberg - All Podcasts | 31 Dec 2009 | 10:42 am Wells Fargo’s Silvia Says Hiring in U.S. Is `Stalled’: AudioSource: Bloomberg - All Podcasts | 31 Dec 2009 | 10:41 am Gimbel Gives Review of 2009, Outlook for 2010: AudioSource: Bloomberg - All Podcasts | 31 Dec 2009 | 10:40 am TSX broadly higher, eyes best year since 1983 (Reuters)Reuters - Toronto's main stock index was higher on Thursday morning -- and looked on track to record its best year since 1983 -- following along as global markets, gold and oil were all up on the final trading day of 2009.Source: Yahoo! News: Stock Markets News | 31 Dec 2009 | 10:33 am Aluminium producer Rusal to list in Hong KongRusal, the world's largest aluminium producer, has detailed plans to raise up to $2.6bn (£1.6bn) in a landmark Hong Kong listing later in January.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 31 Dec 2009 | 10:32 am Palma of UBS Discusses Emerging Markets Strategy: AudioSource: Bloomberg - All Podcasts | 31 Dec 2009 | 10:31 am US, China row over steelThe United States Government is imposing new duties on imports of steel pipes from China, the latest sign of trade tensions between the two countries.The case is the largest steel trade dispute in US history and will affect about...Source: nzherald.co.nz - Business | 31 Dec 2009 | 10:30 am YRC Worldwide Narrowly Avoids Bankruptcy
Trucking company YRC Worldwide has narrowly avoided bankruptcy by exchanging $470 million in debt for stock and deferring about $19 million in loan interest and fees for the fourth quarter. Reuters has the scoop: U.S. trucking giant YRC Worldwide said on Thursday it averted bankruptcy by successfully negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures. The company said holders of 88 percent of the company’s outstanding notes had agreed to the swap, including 70 percent of YRC’s 8-1/2 percent notes. It was that group of noteholders who had been holding up the exchange, and who have been publicly pressured in recent days by the company’s union to agree to the deal. “This doesn’t guarantee them survival but it gives them a shot,” said Dahlman Rose analyst Jason Seidl. “They are still in a very difficult situation.” YRC, which is the largest U.S. trucking firm handling smaller, or less-than-truckload shipments, has laid off thousands of workers and cut deals with labor and lenders over the last year trying to survive a downturn in the economy and a heavy debt load tied to a string of acquisitions. The deal will give noteholders 94 percent of the equity in YRC, news that sent shares down to all-time low of 80 cents early Thursday.
Source: Business Pundit | 31 Dec 2009 | 10:26 am Carphone co-founder David Ross misses self-imposed Kandahar deadlineDavid Ross, the co-founder of Carphone Warehouse, has missed a self-imposed deadline to restructure Kandahar, his private property company.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 31 Dec 2009 | 10:14 am Study Says Tiger Woods Scandal Hurt Sponsors And ShareholdersBy Caitlin Kenney There's been a lot of talk about how much Tiger Woods alleged infidelity has cost him in endorsements, but two UC Davis economics professors say it's not just Tiger's portfolio that has taken a hit. The professors, Victor Stango and Christopher Knittel, estimate that shareholders of companies Woods sponsors lost a collective $5-12 billion in the wake of the scandal. Stango and Knittel studied stock market returns for the 13 trading days that fell between Nov. 27, the date of the car crash that ignited the Woods' scandal, and Dec. 17, a week after Woods' announced his indefinite leave from the sport. Then they compared "the returns for Woods' sponsors during this period to those of both the total stock market and of each sponsor's closest competitor." The result: Mr. Woods' top five sponsors (Accenture, Nike, Gillette, Electronic Arts and Gatorade) lost 2-3 percent of their aggregate market value after the accident, and his core sports-related sponsors EA, Nike and PepsiCo (Gatorade) lost over four percent. The pace of losses slowed by December 11, the date on which Mr. Woods announced his leave from golf, but as late as December 17 shareholders had not recovered their losses.
» E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 31 Dec 2009 | 10:09 am Opening/Closing/Holiday Bell: 12.31.09
Indictment Is Waived in Galleon Case (Reuters) HFM: Closing the books for the year, which really mainly relates to getting prices for all of the securities, instruments, derivatives in our book so that our year-end financials are totally accurate. It's actually the worst: a lot of banks don't close their books for the year on the calendar year, they have a fiscal year, but our fiscal year is the calendar year, and there literally is no day of the year that is worse for the process of getting marks for your whole portfolio than December 31, because everyone is gone. You're looking for a price on an illiquid security and you call up the bank you dealt with, and the salesperson you deal with is not there, his backup's not there, his backup's backup is not there, the trader's backup is not there, you're literally getting the most junior person on the desk trying to get someone on his cell phone on the ski slope in Vermont--it's just about the dumbest time to choose to do it. Every year, two weeks in advance, I send a list to all my counterparties, saying, "Here's the list of things I need pricing for, really, make sure you have somebody available to price these. And 'skiing' is not an excuse; 'I'm with my family on safari, climbing Mt. Kilimanjaro'--not an excuse." And every year the excuses are, "I'm skiing," or the guy's on safari, whatever--it's incredible. So my New Year's is always wrecked. I'm waiting around for the last guy to give me the last price. AT&T Ends Tiger Woods Sponsorship (WSJ) Woman found stabbed in backcountry Greenwich (Greenwich Time) Big Meeting Today, Clothing Optional (CNBC) Should Your Fake Tan Be Taxed? (The Big Money) Things To Look Forward To In Early 2010 (People) What's New, Pussycat? Using the Toilet (WSJ) 
 Source: Dealbreaker | 31 Dec 2009 | 10:00 am Mitsubishi UFJ’s Brown on Mortgages, Buiter on Citigroup: AudioSource: Bloomberg - All Podcasts | 31 Dec 2009 | 9:50 am Fox: Time Warner Must Either Agree to Rate Increases, or Pull Sports Channels
Fox wants to increase rates to Time Warner for channels including Speed Channel, FX, SportSouth, and more. Time Warner and Fox have been negotiating new retransmission fees (rates) for months, but are at an impasse. Fox will make the cable provider pull the channels in question by tonight if the companies don’t reach an agreement. The Greensboro News-Record reports: The contract dispute between Time Warner Cable and Fox over a price hike for Fox television channels means that sports fans could stand to lose the most. It appears that a deal is unlikely. Fox officials say that if no agreement is reached by midnight tonight, Time Warner must pull the channels from its cable systems. Both companies have said they are willing to negotiate, but neither seems willing to bend. Time Warner said that the rate increase, which would be passed along to consumers, could be substantial. “It’s important for us, in these economic times, to control costs,” said Melissa Buscher, a spokeswoman for Time Warner. “Fox is asking for a 300 percent increase.” Unless a deal is reached today, fans who get those channels through Time Warner Cable may soon need to be more enterprising to catch some events. “I’d be upset,” Nabors said. “I’d be relegated to streaming games online.” Broadcasters have been complaining for a long time that cable companies don’t pay enough to retransmit their programs, according to San Diego’s 10News. Florida Gators fans are suing Fox and News Corp. for threatening to remove Bright House Networks before the Sugar Bowl on January 1, blocking a number of Florida fans from watching the game. “They claim Fox is using the Sugar Bowl broadcast as a bargaining chip in negotiations with Time Warner,” according to Courthouse News. If you’re a sports fan, cross your fingers that the two companies will come to an agreement.
Source: Business Pundit | 31 Dec 2009 | 9:33 am Fonterra's $53m dealFonterra is paying $53 million to expand its European joint venture selling pharmaceutical-grade lactose.Its 50:50 joint venture DMV-Fonterra Excipients (DFE) will buy the product range of FrieslandCampina Domo-Pharma, the pharmaceutical...Source: nzherald.co.nz - Business | 31 Dec 2009 | 9:30 am Big telecoms are dogsYou'd think that 2009 would have been a great year for telecom stocks, right?Source: Business and financial news - CNNMoney.com | 31 Dec 2009 | 9:18 am Tiger Woods loses AT&T as sponsorGolf star Tiger Woods' fall from grace continues as the US phone giant becomes the latest to end its sponsorship.Source: BBC News | Business | World Edition | 31 Dec 2009 | 9:17 am Tax showdown ahead on health reformDemocrats in the House and Senate are on the same page when it comes to health reform. They want it.Source: Business and financial news - CNNMoney.com | 31 Dec 2009 | 9:17 am Apple tablet: Pros and consSource: Business and financial news - CNNMoney.com | 31 Dec 2009 | 9:17 am New year message from CBI director-general Richard LambertRichard Lambert, CBI director-general, commented on the economic and political situation in his message for the new year.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 31 Dec 2009 | 9:17 am Flying the flag for Kiwi wineThe wine glut has been a challenge to the New Zealand wine industry this year, as it grappled with a "freak of nature" grape harvest in 2008 which yielded 40 per cent above its usual quantity. For those who didn't have strong...Source: nzherald.co.nz - Business | 31 Dec 2009 | 9:00 am Everyone's happy as bright sparks cash inAn enterprising couple have plugged a gap in the summer holiday business market.Dan and Ayleth Barr have had hundreds of campers stop by their Gisborne property - one block from the city's coastal camping area - to recharge their...Source: nzherald.co.nz - Business | 31 Dec 2009 | 9:00 am Gordon Ramsay's 2009 financial nightmareOn a gray morning in October, Gordon Ramsay bursts into the kitchen of his south London house, pop music blaring from the radio. At the heart of the room stands a £67,000 ($148,000) French cooking range that weighs 2.5 tons and had...Source: nzherald.co.nz - Business | 31 Dec 2009 | 9:00 am Craft beer finding its niche among bolder drinkersSelling beer at the equivalent price of a serviceable bottle of discount wine during a recession has proved surprisingly easy for an Auckland craft brewer.Three-year-old Epic Beer has enjoyed 200 per cent growth over the past...Source: nzherald.co.nz - Business | 31 Dec 2009 | 9:00 am Cheap champagne threatening brandAfter almost a decade of raising prices and cultivating the champagne brand to fend off sparkling wines such as prosecco and cava, some producers including premium champagne maker Laurent-Perrier are flooding French supermarkets with...Source: nzherald.co.nz - Business | 31 Dec 2009 | 9:00 am Editorial: New decade fresh with possibilitiesThis morning a page has turned. A new day, new year, new decade. Time seems fresh with possibilities. Predictions are pointless but hope is irresistible. We have only to glance back a year or a decade at predictions made for the period...Source: nzherald.co.nz - Business | 31 Dec 2009 | 9:00 am A Gift From DilbertTwitter pal @maureengg sends along this comic. She says it reminds her of our recent conversation with Joel Waldfogel. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 31 Dec 2009 | 8:58 am Market report: equities see out year with fizzle but no fireworksDramatic as 2009 was for London's equity markets - a year in which the blue-chip index tumbled to its lowest point for six years before soaring 54pc for the fourth best calendar-year performance in its history - it ended with little more than a whimper.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 31 Dec 2009 | 8:43 am FTSE 100 gains 22% in 2009 (AFP)
Source: Yahoo! News: Stock Markets News | 31 Dec 2009 | 8:37 am AT&T ends partnership with Tiger WoodsTelecom giant AT&T Inc. announced Thursday that it has ended its business relationship with Tiger Woods.Source: Business and financial news - CNNMoney.com | 31 Dec 2009 | 8:34 am Riot police march through TehranThere was tight security in central Tehran with armed police taking to the streets, creating an intimidating atmosphere a day after state-organised ralliesSource: Financial Times - US homepage | 31 Dec 2009 | 8:15 am India delays mobile number portabilityIndia has a last-minute change of heart over boosting competition in its telecoms sector from the start of the New Year by delaying the introduction of mobile number portability for at least three monthsSource: Financial Times - US homepage | 31 Dec 2009 | 8:10 am US jobless claims fall to 17-month lowFirst-time claims for unemployment benefits fell to the lowest level since July 2008 last week as US businesses backed off from firings at the end of the yearSource: Financial Times - US homepage | 31 Dec 2009 | 7:39 am Morning Report: New Jobless Claims Drop, But Many Are Still Looking For WorkBy Caitlin Kenney The number of new workers filing for unemployment benefits unexpectedly dropped last week. The Labor Department reports that claims fell by 22,000 to 432,000, the lowest level since July 2008. Michigan had the largest increase in the number of people filing for benefits due to continuing layoffs in the auto industry. California and Florida also saw substantial increases due to job losses in construction and the service industry. Meantime, several of the states that saw the number of claims drop, cited fewer layoffs in manufacturing as the reason. Although the number of initial claims fell, the data shows that people are spending more time out of work. The number of people who are now collecting extended unemployment benefits climbed by nearly 200,000 in the week that ended December 12. The need for extended benefits has been so great that the federal government recently extended the emergency program through February. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 31 Dec 2009 | 7:35 am UK shoppers face VAT confusionShoppers are facing the last day of the lower VAT rate, although many retailers have said they will not increase prices on 1 January.Source: BBC News | Business | World Edition | 31 Dec 2009 | 7:17 am Buffett & Berkshire Stocks With Most Upside in 2010 (BRK-A, BAC, COP, CMCSA, GCI, GE, IRM, KFT, NRG, STI, USB, WFC)Warren Buffett has a different timeframe than most investors. Unless he sees something drastic to the long-term fundamentals, he maintains a near-forever outlook when he invests in or buys companies for Berkshire Hathaway Inc. (NYSE: BRK-A). What we wanted to do was peruse the Warren Buffett and Berkshire Hathaway portfolio of common stock holdings and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 31 Dec 2009 | 7:01 am NASDAQ/NYSE Delisting Notices Galore (BFNB, DEAR, DCGN, DNE, EUBK, HRZB, IAO, IPII, INHX, RPC, RGCI, RHIE, TONE, VIAP, XBKS)It is year-end. That means that NASDAQ and the NYSE have been sending out more and more letters of non-compliance to public companies over their subsequent listing requirements. Some are due to capitalization minimums not being met, while many are due to share prices as so many stocks are still under the minimum share price. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 31 Dec 2009 | 6:52 am The Compensation War Begins at AIG (AIG)American International Group, Inc. (NYSE: AIG) has done what it could to keep top talent around at the company, and it has been able to get at least some exceptions on the restriction of pay that is being imposed on the firm because of it receiving extraordinary government support. Late on Wednesday came word that [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 31 Dec 2009 | 6:03 am Mortgages 'more easily available'Mortgage availability improved in the final quarter of 2009 and lending is expected to continue to rise, the Bank of England says.Source: BBC News | Business | World Edition | 31 Dec 2009 | 5:11 am Banking after the kindness of strangersFrancesco Guerrera predicts what 2010 holds in store for US finance in the first year after the great banking bailout of 2009Source: Financial Times - US homepage | 31 Dec 2009 | 5:10 am Banks win ruling on credit cardsBanks have won a partial victory against some credit card customers who have been trying to avoid their debts.Source: BBC News | Business | World Edition | 31 Dec 2009 | 5:06 am Asian market rally leaves Japan standingAsian stock markets enjoyed their best year since 2003 as the region, particularly China, led the global economic recoverySource: Financial Times - US homepage | 31 Dec 2009 | 5:04 am A New Way to Advertise
Source: Business Pundit | 31 Dec 2009 | 4:59 am Oil At $80 Raises Issue Of Oil At $100 In 2010It is simple to dismiss the current rise in oil to just shy of $80 as a reaction to the value of the US dollar or a possible cold winter in the northern half of America. A more macroeconomic view might point to the theory that the world reached its “peak oil” production this year and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 31 Dec 2009 | 4:09 am China bank chief says 2010 is keyChina says it is targeting economic growth of 8% next year, despite the ongoing effects of the global downturn.Source: BBC News | Business | World Edition | 31 Dec 2009 | 3:54 am Unstable equilibrium in 2010BBC business editor Robert Peston's views on the coming yearSource: BBC News | Business | World Edition | 31 Dec 2009 | 3:40 am No “American Idol” For Cable Subscribers: A Blow To US IlliteratesThe fight between Time Warner Cable (NYSE:TWC) and Fox over what the cable company will pay the network for programming is not about to end soon. On New Year’s Eve, most of the content Fox produces will not be available to the subscribers of the second largest cable company in the US. A Fox executive went so [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 31 Dec 2009 | 3:31 am China & US: A Trade War Made Of Steel PipesThe trade disputes between China and the US seem more frequent. The passions on both sides seem more violent and permanent with each new argument over imports and exports. The International Trade Commission handed the Americans a victory over China by ruling the manufacturers from the world’s most populus nation have dumped steel pipes into the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 31 Dec 2009 | 3:10 am Rusal sets $2.6bn IPO goalThe Russian aluminium maker, which is to list in Hong Kong in late January, will be constrained from paying any dividends until at least 2013 by the terms of its debt restructuringSource: Financial Times - US homepage | 31 Dec 2009 | 3:09 am Vietnam's growth picks up paceVietnam's economy grew by 6.9% in the fourth quarter, the fastest rate in two years, helped by government spending.Source: BBC News | Business | World Edition | 31 Dec 2009 | 2:59 am Holiday Retail A Wreck Even With Late SpendingIt is likely that there were very few winners among retailers this holiday season. Mid-market chains such as Macy’s (NYSE:M) and Nordstrom (NYSE:JWN) probably had bad results. Perennially weak retailers which include Abercrombie & Fitch (NYSE:ANF) almost certainly took another big hit. The holiday retail season will be remembered as being no better than the catastrophic one in 2008. The [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 31 Dec 2009 | 2:52 am Thompson defends BBC top salariesThe BBC's director general defends its top managers' pay, saying they could earn much more in the private sector.Source: BBC News | Business | World Edition | 31 Dec 2009 | 2:35 am Media Digest 12/31/2009 Reuters, WSJ, NYTime, FT, BloombergReuters: China has hit back at a tariff put on steel pipes by the US. Reuters: Oil, near $80, may have strongest gain in a decade. Reuters: The government will give GMAC $3.5 billion. WSJ: US mortgage companies will be required to give greater disclosures to consumers on the costs of loans. WSJ: Chrysler dealers are still fighting being closed. WSJ: Fox [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 31 Dec 2009 | 2:13 am Asia Markets And Europe Open (12/31/2009)Japan was closed for a holiday The Hang Seng 1.8% to 21,672. The Shanghai Composite moved higher by .6% At the open in Europe, the CAC rose .9% and the FTSE rose .5% Data from Reuters and MarketWatch. Douglas A. McIntyre Posted in International Markets[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 31 Dec 2009 | 1:52 am
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