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China and India lead Asian recoveryA slew of positive reports on industrial production fuel optimism that Asian economic growth is powering steadily ahead, led by China and IndiaSource: Financial Times - US homepage | 4 Jan 2010 | 3:39 am Greece prepares 2010 economy planGreece is to tell the European Commission how it plans to control its public finances and turn round its economy.Source: BBC News | Business | World Edition | 4 Jan 2010 | 3:19 am Borrowers are picky about loansThe number of people taking out mortgages to buy a home rose again in November but the appetite for other loans fell.Source: BBC News | Business | World Edition | 4 Jan 2010 | 3:10 am Merger news boosts European marketsGlobal market overview: Investors had been wary of a hangover from Wall Street’s late dip on New Year’s eve, but the first trading day of the decade delivers a $50bn healthcare dealSource: Financial Times - US homepage | 4 Jan 2010 | 3:09 am The Fed Lays Blame On Everyone ElseThe Federal Reserve was not to blame for any of the financial events that caused the collapse of the credit markets late in 2008. It is the same credit collapse that caused Congress to support the creation of the TARP so that the Treasury could bail out the faltering American banking system. Ben Bernanke, the Fed [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jan 2010 | 3:05 am Novartis in $40bn Alcon takeoverSwiss pharmaceuticals giant Novartis agrees to take full control of eyecare company Alcon for $40bn (£24.8bn).Source: BBC News | Business | World Edition | 4 Jan 2010 | 3:04 am London Markets: Banks, miners lift London on 2010 debutU.K. stocks register solid gains on Monday to kick off 2010, with the mining sector seeing strength on continued growth out of China as markets across Europe advance.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 2:47 am Most Asian markets kick off 2010 on upbeat noteMost major Asian markets kicked off 2010 on a positive note Monday as strong manufacturing data from China and India helped support hopes for continued economic recovery.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 2:47 am Bernanke defends Fed recordFederal Reserve chairman Ben Bernanke said Sunday that low interest rates in the first half of the last decade were "appropriate" at the time and were not the main cause of the ensuing housing bubble.Source: Business and financial news - CNNMoney.com | 4 Jan 2010 | 2:39 am Ideas from the Hall of LameOnly in the world of federal debt do tens of billions of dollars amount to little more than rounding errors.Source: Business and financial news - CNNMoney.com | 4 Jan 2010 | 2:39 am Northern Rock splits as suitors circleNorthern Rock, the state-owned lender, has been formally split into a good and bad bank, the Treasury confirmed today, as suitors begin to circle. Source: Latest Business News from Times Online | 4 Jan 2010 | 2:38 am Contraction in Singapore economySingapore's economy shrinks for the first time in three quarters in the last three months of 2009.Source: BBC News | Business | World Edition | 4 Jan 2010 | 2:37 am Stock futures signal gains; Alcon in focus(Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Monday for the first session of the year, with futures for the S&P 500 up 0.7 percent, Dow Jones futures up 0.6 percent and Nasdaq 100 futures up 1 percent at 4.15 a.m. ET.Source: Reuters: Business News | 4 Jan 2010 | 2:35 am Novartis aims to buy rest of Alcon for $39 billionZURICH (Reuters) - Switzerland's Novartis aims to buy the rest of U.S. eye care group Alcon for a total $39.3 billion, including a majority stake from Nestle, to diversify away from prescription drugs.Source: Reuters: Business News | 4 Jan 2010 | 2:34 am Stocks set for initial '10 gainStocks were poised to start the new year with gains Monday as investors await two economic reports and consider weekend comments by Federal Reserve Chairman Ben Bernanke.Source: Business and financial news - CNNMoney.com | 4 Jan 2010 | 2:32 am Stock futures signal gains; Alcon in focus (Reuters)
Source: Yahoo! News: Business | 4 Jan 2010 | 2:32 am Stock futures signal gains; Alcon in focus (Reuters)
Source: Yahoo! News: Stock Markets News | 4 Jan 2010 | 2:32 am Novartis aims to buy rest of Alcon for $39 billion (Reuters)
Source: Yahoo! News: Business | 4 Jan 2010 | 2:28 am Total, Chesapeake ink $2.25 billion shale gas pactFrench oil major Total on Monday stirkes a deal to enter the U.S. shale-gas market for the first time with a $2.25 billion accord with Chesapeake Energy.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 2:22 am Corrections: Israel stocks up; TA-25 finishes '09 up 75%A MarketWatch column on Israeli stocks published Dec. 31 incorrectly stated the lifetime closing high for the Tel Aviv Stock Exchange's benchmark TA-25 Index and the date on which it was reached. The column also incorrectly stated how far away the closing TA-25 Index was from the lifetime closing high. The TA-25 finished 2009 8% away from its lifetime closing high of 1237.13, which was set Oct. 31, 2007. Read the corrected MarketWatch article on Israeli stocks.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 2:21 am Corrections: Israel stocks rise; TA-25 finishes '09 up 75%Surge leaves index just 1.9% below its lifetime closing high.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 2:19 am London advances as deal hopes spurredStocks in London started the year on a positive note as investors welcomed the first major M&A deal of the year.Swiss food group Nestl said it was selling a majority stake in its eye care unit Alcon...Source: RSS feed - channel BNPaperBusiness | 4 Jan 2010 | 2:15 am Novartis seeks to complete Alcon buy-outThe Swiss drugs group offers to buy out minority shareholders in the US eyecare company, and will buy Nestlé’s remaining stake, for a total of nearly $50bnSource: Financial Times - US homepage | 4 Jan 2010 | 2:12 am Media Digest 1/4/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: Novartis (NYSE:NVS) will buy the part of Alcon (NYSE:ACL) that it does not currently own for $39 billion. Reuters: JAL may receive a bailout from the Japanese government. Reuters: The Fed defended it policies from before the recession and predicted slow economic growth. Reuters: Kraft (NYSE:KFT) may raise its bid for Cadbury (NYSE:CBY) in the next two weeks. Reuters: December [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jan 2010 | 2:06 am Novartis offering $39.3 billion for rest of AlconSwiss health-care giant Novartis on Monday kick-starts buyout activity in 2010 by offering $39.3 billion for the 75% of Alcon Inc. it doesn’t already own.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 2:05 am China braces for coldest temperatures in decadesHeavy snowfall disrupts air and vehicle traffic in the nation’s capital, forcing massive school closures amid frigid temperatures that are forecasted to last until mid-week.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 1:56 am Europe Markets: European stocks climb as 2010 kicks offStocks are helped by a wave of deal activity, data indicating strong growth out of China and speeches from Federal Reserve officials hinting of no rate hike on the horizon.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 1:44 am New year gains for London sharesLondon shares opened the new year today with solid gains, driven by banks and commodity stocks. Source: Latest Business News from Times Online | 4 Jan 2010 | 1:33 am Merger news boosts European markets08:30 GMT. The "Teens" opened with a bang as the first trading day of the decade delivered a $28bn healthcare deal.Investors had been fearing there might be a hangover from Wall Street's sudden, late dip...Source: RSS feed - channel BNPaperBusiness | 4 Jan 2010 | 1:33 am Tokyo bourse rolls out high-speed platformTOKYO (Reuters) - The Tokyo Stock Exchange successfully launched a high-speed trading system on Monday to better compete with major global rivals in the growing field of automated trading.Source: Reuters: Business News | 4 Jan 2010 | 1:31 am Tokyo bourse rolls out high-speed platform (Reuters)
Source: Yahoo! News: Stock Markets News | 4 Jan 2010 | 1:31 am FXall Signs Agreement to Purchase LavaFXSource: RSS feed - channel BNewsBusiness | 4 Jan 2010 | 1:30 am Census Bureau kicks off once-a-decade head countThe Census Bureau kicks off its $300 million campaign Monday to prod, coax and cajole the nation's more than 300 million residents to fill out their once-a-decade census forms. The...Source: RSS feed - channel BNewsBusiness | 4 Jan 2010 | 1:28 am Asia Markets And Europe Open (1/4/10)Markets in Asia were narrowly mixed. The Nikkei rose 1.1% to 10,865. JAL rose on news of government financial support. The Hang Seng fell .2% to 21,823. The Shanghai Composite dropped 1% to 3,244. At the open in Europe, the FTSE was up .4% to 5,437. The Dax rose .9% to 6,009. The CAC 40 was up .9% to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jan 2010 | 1:27 am JAL shares close up 31% on state helpJapan Airlines was thrown a temporary lifeline after the Japanese government agreed to double a state-sponsored credit line to Y200bnSource: Financial Times - US homepage | 4 Jan 2010 | 1:25 am Ranbaxy launches skin-care drug in IndiaBANGALORE, Jan 4 (Reuters) - Ranbaxy Laboratories , India's top drug maker by sales, said on Monday it had launched a new skin-care drug in the domestic market under a licencing pact with Japan's Summit...Source: RSS feed - channel BNewsBusiness | 4 Jan 2010 | 1:23 am Sportech wins £91m for football pools driveSportech, the football pools operator, has secured a new £91 million credit facility that will give it increased financial headroom and a war chest for acquisitions. Source: Latest Business News from Times Online | 4 Jan 2010 | 1:20 am 'Avatar' soars into $1-billion territoryStrong foreign ticket sales help make the science-fiction movie the fifth in history to pass the watermark. One...Source: RSS feed - channel BNPaperBusiness | 4 Jan 2010 | 1:00 am Casual purchase of counterfeit DVD shines light on piracyHigh-quality copies pose a real, and frightening, capacity to take a bite out of the legitimate retail market. ...Source: RSS feed - channel BNPaperBusiness | 4 Jan 2010 | 1:00 am Will Super Bowl sponsors stay in the game?Commercial spots for the NFL championship game are nearly sold out. But the Internet is changing the advertising market. ...Source: RSS feed - channel BNPaperBusiness | 4 Jan 2010 | 1:00 am The week ahead at a glanceAt a glance TODAY Institute for Supply Management releases its manufacturing index for December.
Source: L.A. Times - Business | 4 Jan 2010 | 1:00 am 'January effect' on stocks often sets the tone for the year'If the first five trading days of January are up, the end of January will usually be up and the correlated end of the year is usually up,' a financial advisor says. ...Source: RSS feed - channel BNPaperBusiness | 4 Jan 2010 | 1:00 am Bernanke says poor regulation, not monetary policy, led to housing bubbleFederal Reserve Chairman Ben S. Bernanke said that the central bank's low interest rates didn't cause the last decade's housing bubble and that better regulation would have been more effective in limiting the boom.
Source: L.A. Times - Business | 4 Jan 2010 | 1:00 am AIG is silent on offer to buy its aircraft leasing unitThe nation's biggest bailout recipient has not responded to Allied Aviation Services' $12-billion-plus offer for International Lease Finance Corp. ...Source: RSS feed - channel BNPaperBusiness | 4 Jan 2010 | 1:00 am Bernanke says poor regulation, not monetary policy, led to housing bubbleFederal Reserve Chairman Ben S. Bernanke said that the central bank's low interest rates didn't cause the last decade's housing bubble and that better regulation would have been more effective in limiting...Source: RSS feed - channel BNPaperBusiness | 4 Jan 2010 | 1:00 am 'Avatar' soars into $1-billion territoryStrong foreign ticket sales help make the science-fiction movie the fifth in history to pass the watermark.One of the riskiest movies of all times is now officially one of the most successful at the box office.
Source: L.A. Times - Business | 4 Jan 2010 | 1:00 am Will Super Bowl sponsors stay in the game?Commercial spots for the NFL championship game are nearly sold out. But the Internet is changing the advertising market.With less than five weeks to go before the game, CBS has only four commercial spots left to sell during the Super Bowl broadcast -- demonstrating that advertisers once again will elbow each other to get into TV's biggest event of the year.
Source: L.A. Times - Business | 4 Jan 2010 | 1:00 am 'January effect' on stocks often sets the tone for the year'If the first five trading days of January are up, the end of January will usually be up and the correlated end of the year is usually up,' a financial advisor says.The stock market faces a big test as 2010 trading gets underway: whether its performance will be lifted by the phenomenon known as the January effect or squelched by uncertainty about the economy.
Source: L.A. Times - Business | 4 Jan 2010 | 1:00 am AIG is silent on offer to buy its aircraft leasing unitThe nation's biggest bailout recipient has not responded to Allied Aviation Services' $12-billion-plus offer for International Lease Finance Corp.A New York aviation services company has offered to buy International Lease Finance Corp. in Century City for more than $12 billion in a deal that would sever the aircraft leasing firm's ties to the nation's biggest government bailout.
Source: L.A. Times - Business | 4 Jan 2010 | 1:00 am Casual purchase of counterfeit DVD shines light on piracyHigh-quality copies pose a real, and frightening, capacity to take a bite out of the legitimate retail market.About a week before Christmas, I took a stroll around the Los Angeles Toy District and bought a pirated DVD.
Source: L.A. Times - Business | 4 Jan 2010 | 1:00 am LA., Long Beach ports fight to stay dominantThe port complex has been handling less cargo as competitors in Mexico, Canada and other parts of the U.S. draw more traffic. ...Source: RSS feed - channel BNPaperBusiness | 4 Jan 2010 | 1:00 am LA., Long Beach ports fight to stay dominantThe port complex has been handling less cargo as competitors in Mexico, Canada and other parts of the U.S. draw more traffic.Southern California's twin ports make up the nation's biggest cargo container hub -- and they're launching an ambitious campaign to stay that way as they navigate a weak economic recovery and increasing competition from foreign and domestic harbors.
Source: L.A. Times - Business | 4 Jan 2010 | 1:00 am The week ahead at a glanceAt a glance TODAY Institute for Supply Management releases its manufacturing index for December.Source: RSS feed - channel BNPaperBusiness | 4 Jan 2010 | 1:00 am Metals Stocks: Gold climbs as much as $8 an ounce on GlobexGold futures climb in electronic trading, as a rise in China’s manufacturing activity helps raise demand prospects for the precious metal.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 12:56 am UPDATE 2-Eyeing M&A, India's Reliance raises $577 mln* Sells 25.9 mln shares at 1,035 rupees each; 5 pct discountSource: RSS feed - channel BNewsBusiness | 4 Jan 2010 | 12:49 am UPDATE 2-Eyeing M&A, India's Reliance raises $577 mln* Sells 25.9 mln shares at 1,035 rupees each; 5 pct discountSource: RSS feed - channel BNewsBusiness | 4 Jan 2010 | 12:49 am Currencies: Dollar climbs vs. most rivals on economic hopesThe dollar climbed against most major rivals Monday, buoyed by expectations of a brighter U.S. economic picture and, eventually, higher interest rates there.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 12:45 am Novartis pays $40bn to buy Alcon eye care$Novartis International, the Swiss pharmaceuticals group, chose the first day of trading in the new year to launch one of Europe's biggest ever takeovers, a $40 billion ($£24.8 billion) offer for Alcon, a leading maker of eye care products and contact lense solutions. Source: Latest Business News from Times Online | 4 Jan 2010 | 12:43 am Asia's factory output picks up steam in DecemberBEIJING (Reuters) - Factories in Asia stepped up production in December, with China's output growing at its fastest pace on record, suggesting economic activity is gathering pace in the region that is leading the global recovery.Source: Reuters: Business News | 4 Jan 2010 | 12:39 am Asia's factory output picks up steam in DecemberBEIJING (Reuters) - Factories in Asia stepped up production in December, with China's output growing at its fastest pace on record, suggesting economic activity is gathering pace in the...Source: RSS feed - channel BNewsBusiness | 4 Jan 2010 | 12:39 am Loan deal boosts Japan AirlinesShares in Japan Airlines (JAL) jump more than 30% following Sunday's deal to extend government loans.Source: BBC News | Business | World Edition | 4 Jan 2010 | 12:36 am Novartis buys Alcon majority for $28.1 billionZURICH (Reuters) - Switzerland's Novartis agreed to buy a majority stake in eye care group Alcon for $28.1 billion, further diversifying its business away from prescription drugs to ensure...Source: RSS feed - channel BNewsBusiness | 4 Jan 2010 | 12:26 am Reliance says raises $576.7 mln in share saleMUMBAI, Jan 4 (Reuters) - Energy major Reliance Industries said on Monday it raised 26.8 billion rupees ($576.7 million) through the sale of about 25.9 million existing shares.Source: RSS feed - channel BNewsBusiness | 4 Jan 2010 | 12:21 am Novartis says buys controlling stake in AlconSwiss pharmaceutical group Novartis on Monday said it had bought a controlling stake in the world's largest eye care firm Alcon from Nestle for 28.1 billion dollars (19.7 billion euros).Source: RSS feed - channel BNewsBusiness | 4 Jan 2010 | 12:14 am Singapore's recovery hobbled by manufacturing slowdownSingapore's economy contracted for the first time in three quarters as a poor performance from its manufacuturing sector hobbled a recovery.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jan 2010 | 12:13 am This little piggy bankTelegraph View: Ed Balls, the Schools Secretary, is to introduce compulsory lessons on financial management for children from the age of five.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jan 2010 | 12:03 am Asia stocks climb on growth hopesHONG KONG (Reuters) - Financial markets were upbeat on the first trading day of 2010 on Monday, with Asian stocks hitting a 17-month high and the U.S. dollar up against major currencies on...Source: RSS feed - channel BNewsBusiness | 4 Jan 2010 | 12:01 am Nine in 10 defined benefit pensions schemes now closedEmployers continue to move away from the high cost schemes, research shows.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jan 2010 | 11:57 pm US and UK embassies in Yemen shutThe US and British embassies in Sana’a were ordered shut because of security threats from a Yemen-based al-Qaeda group that has claimed responsibility for the foiled Christmas day attack on a transatlantic passenger jet.Source: Financial Times - US homepage | 3 Jan 2010 | 11:54 pm Britain yet to face the psychological pain of its new economic statusNobody brave enough to have joined the hordes at London's Brent Cross shopping centre over the past week or two would have believed that we have just been through the deepest economic recession since the 1930s.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jan 2010 | 11:10 pm Whitman to step down as Third Avenue investment chief: report (Reuters)Reuters - Veteran investor Martin Whitman will relinquish his role as Third Avenue Management LLC's co-chief investment officer, the Wall Street Journal reported on Monday.Source: Yahoo! News: Business | 3 Jan 2010 | 10:47 pm Whitman to step down as Third Avenue investment chief: report(Reuters) - Veteran investor Martin Whitman will relinquish his role as Third Avenue Management LLC's co-chief investment officer, the Wall Street Journal reported on Monday.Source: Reuters: Business News | 3 Jan 2010 | 10:47 pm Asian stock markets open 2010 with modest gains (AP)
Source: Yahoo! News: Stock Markets News | 3 Jan 2010 | 10:31 pm Smartbook debut threatens netbook riseThe netbook faces a challenge this year as the highest growth category in the personal computer market by a younger upstart – the smartbookSource: Financial Times - US homepage | 3 Jan 2010 | 10:00 pm 4 Reasons to Avoid Flying BRICs (By the Numbers)Shares in Brazil, Russia, India and China have soared, but they still look risky.
Source: SmartMoney.com | 3 Jan 2010 | 10:00 pm Cheap Netbooks: Bad for Business? (Consumer Action)Good news for shoppers is troubling for tech companies.
Source: SmartMoney.com | 3 Jan 2010 | 10:00 pm U.S. considering lesser term for UBS whistleblower: report(Reuters) - The U.S. Justice Department is considering whether to ask a judge to reduce the jail sentence of Bradley Birkenfeld, the key informant in the U.S. tax fraud case against Swiss bank UBS AG, the New York Times said, citing a person briefed on the matter.Source: Reuters: Business News | 3 Jan 2010 | 9:43 pm U.S. considering lesser term for UBS whistleblower: report (Reuters)
Source: Yahoo! News: Business | 3 Jan 2010 | 9:43 pm Tokyo bourse targets speed with $140 mln Arrowhead (Reuters)
Source: Yahoo! News: Stock Markets News | 3 Jan 2010 | 8:23 pm Finance chiefs 'more confident'Finance chiefs at the biggest companies in the UK are in their most confident mood for two years, a report says.Source: BBC News | Business | World Edition | 3 Jan 2010 | 7:53 pm Pension savings 'deteriorating'Nine out of 10 defined benefit pension schemes are now closed to new entrants, a report says.Source: BBC News | Business | World Edition | 3 Jan 2010 | 7:41 pm Tokyo bourse launches new trading system (AFP)
Source: Yahoo! News: Stock Markets News | 3 Jan 2010 | 7:08 pm Global bear rally of 2009 will end as Japan's hyperinflation rips economy to piecesMilton Keynes will be vindicated. Lord Keynes will lose some of his new-found gloss. The Krugman doctrine that we should all spend our way back to health by pushing deficits to the brink of a debt spiral - or beyond the brink - will be seen as dangerous.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jan 2010 | 6:15 pm How many iPhones did Apple sell?Source: Business and financial news - CNNMoney.com | 3 Jan 2010 | 6:04 pm A 2010 sovereign debt crisis could still cause UK banking chaosLast year was one of the easiest for economic predictions. In the wake of Lehman's collapse, and the semi-nationalisation of the world's banking system, at least a few things seemed obvious.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jan 2010 | 5:55 pm 2010: The City's movers and shakers in the year aheadWith the UK economy nervously emerging from the financial crisis, we look at 20 challenges facing policy-makers and chief executives in 2010.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jan 2010 | 5:43 pm Home loans market is ready to expand, but at a higher priceHomeowners have been warned that mortgage rates will increase in the next 12 months, adding thousands to the cost of many loans. Borrowers will be affected as banks and building societies come under pressure to pass on the higher costs of funding new loans. Source: Latest Business News from Times Online | 3 Jan 2010 | 5:01 pm Taxpayers face big bill as banks spurn fund to help small businessThe Government is struggling to raise £1 billion from banks to finance its much-delayed National Investment Corporation (NIC), a fund to help small businesses, and may have to contribute a large amount of taxpayers’ money to hit its target. Source: Latest Business News from Times Online | 3 Jan 2010 | 5:01 pm Four link for Scottish news bidThree of Scotland’s biggest news groups have joined up with Tinopolis, the producer of the BBC’s Question Time, to bid for a government contract to provide Scottish regional news. Source: Latest Business News from Times Online | 3 Jan 2010 | 5:01 pm Philips tests ‘Big Brother’ health checksThe scope of a new global healthcare market worth billions of pounds is being tested by Philips, the electronics group, in the UK with the world’s biggest trial of distance monitoring of chronically ill patients in their homes. Source: Latest Business News from Times Online | 3 Jan 2010 | 5:01 pm Kraft share rally may sweeten offer for CadburyA rally by Kraft shares in the final days of 2009 may save it £167 million as it prepares to raise its £10.1 billion hostile bid for Cadbury. Source: Latest Business News from Times Online | 3 Jan 2010 | 5:01 pm Duo spice up the traditional wine industryBill Rolfe and Toby Hancock were sitting on a park bench eating sandwiches when they had their eureka moment. The business partners were trying to drum up an idea for their new wine marketing business when one suggested creating a wine to accompany spicy food. They dubbed their plan Project Tikka Masala. Source: Latest Business News from Times Online | 3 Jan 2010 | 5:01 pm Green Business: Clean Green Cars - five years onAn ethical attitude towards business motivated a former advertising manager to get out of the corporate game and open a second hand car yard specialising in hybrid vehicles.Stephen Pollard opened Source: nzherald.co.nz - Business | 3 Jan 2010 | 5:00 pmWalmart aims to cut supply chain costWalmart is launching a drive this year to cut billions of dollars of costs from its supply chain by combining its store purchasing across national frontiers in a new stage in the globalisation of its businessSource: Financial Times - US homepage | 3 Jan 2010 | 4:57 pm TMZ.com Valuation Tops $100 MillionTMZ.com’s audience growth over the last six months and its expansion into content delivery through TV as well as the internet has increased the value of the company to over $100 million. TMZ is owned by a division of Time Warner (NYSE:TWX). 24/7 Wall St. has published valuations for content sites for almost three years. The most recent edition of the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 3 Jan 2010 | 4:56 pm U.S. growth prospects deemed bleak in new decadeATLANTA (Reuters) - A dismal job market, a crippled real estate sector and hobbled banks will keep a lid on U.S. economic growth over the coming decade, some of the nation's leading economists said on Sunday.Source: Reuters: Business News | 3 Jan 2010 | 4:55 pm 'Puerile' Ryanair attacked by watchdogBudget airline Ryanair is accused of being "puerile and childish" over its payment policy by a UK watchdog.Source: BBC News | Business | World Edition | 3 Jan 2010 | 4:38 pm “Avatar” Passes $1 Billion Global Box Office Figure As Escapism IncreasesThe global gross ticket sales for the film “Avatar” passed $1 billion this weekend which makes it the third-highest grossing movie in history. ”Avatar” was directed by James Cameron who also directed the No.1 grossing movie in history–”Titanic” which has brought in $1.8 billion since it was released. The Internet Movie Database describes the film’s plot “A paraplegic marine [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 3 Jan 2010 | 4:31 pm Weill faults Prince, management for Citi woes: report (Reuters)
Source: Yahoo! News: Business | 3 Jan 2010 | 3:12 pm Weill faults Prince, management for Citi woes: reportNEW YORK (Reuters) - Former Citigroup Chief Executive Sanford Weill blamed the bank's problems on personnel decisions and faulted his successor, Chuck Prince, for letting its balance sheet balloon and taking on large risks, according to the New York Times, citing a series of recent interviews.Source: Reuters: Business News | 3 Jan 2010 | 3:12 pm Gold will be the next bubble if we don't learn our lessonThe best thing about the start of a new year is the sense of infinite possibility it brings. Nearly everyone has a plan. We are all going to stop smoking and learn to scuba-dive. Or pay off our debts and get a new job.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jan 2010 | 3:07 pm Will 2010 bring much needed relief for beleaguered private equity?The last 12 months have been the industry's annus horribilis with the credit crunch brutally exposing the cracks in the private equity model.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jan 2010 | 3:02 pm European business braced for struggleCompanies are bracing for a year of anaemic growth as they struggle to boost sales amid sluggish demand and fears about the world economySource: Financial Times - US homepage | 3 Jan 2010 | 3:01 pm Watson Wyatt completes $4 billion merger with TowersNEW YORK (Reuters) - Human resources consulting company Watson Wyatt Worldwide Inc completed its merger with rival Towers Perrin Forster & Crosby to form a combined company called Towers Watson & Co that will make its U.S. trading debut on Monday.Source: Reuters: Business News | 3 Jan 2010 | 2:55 pm Fed chief calls for tougher regulationBen Bernanke has called for reform of financial regulation, arguing that it was lapses in regulatory oversight rather than loose monetary policy that stoked the US housing bubbleSource: Financial Times - US homepage | 3 Jan 2010 | 2:49 pm Man Utd considers £600m bond issue to refinance debtsManchester United football club explores options over £700m debt pile.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jan 2010 | 2:12 pm Veteran rebel exposes Iran’s ‘fear of ideas’Ebrahim Yazdi’s arrest in Tehran on the first day of Ashura shows the regime is ‘afraid of ideas’, says Youseph Yazdi, Mr Yazdi’s son, a biomedical engineering professor at Johns Hopkins University in the USSource: Financial Times - US homepage | 3 Jan 2010 | 1:36 pm Tokyo bourse to launch high-speed trading system (AP)
Source: Yahoo! News: Stock Markets News | 3 Jan 2010 | 1:06 pm January effect may set markets' tone for New Year (AP)AP - The stock market faces a big test as 2010 trading gets under way: whether its performance will be lifted by the phenomenon known as the January effect, or squelched by uncertainty about the economy.Source: Yahoo! News: Stock Markets News | 3 Jan 2010 | 11:05 am Working outWhat employment prospects lie ahead in 2010?Source: BBC News | Business | World Edition | 3 Jan 2010 | 10:29 am Record breakerThe world's tallest building is about to open in DubaiSource: BBC News | Business | World Edition | 3 Jan 2010 | 10:27 am Revival plan for ailing wool industryBay de Lautour Bay de Lautour believes he still needs to earn the royal honour he was granted in 2000 for services to farming.His passion for the wool industry is "a nationalistic sort of thing", says the sheep farmer from Takapau...Source: nzherald.co.nz - Business | 3 Jan 2010 | 9:00 am Top analyst picks 3.5pc growth for US in 2010The US economy this year will turn in its best performance since 2004 as spending perks up and companies increase investment and hiring, says Dean Maki, the most-accurate forecaster in a Bloomberg News survey.The world's largest...Source: nzherald.co.nz - Business | 3 Jan 2010 | 9:00 am NZ firms in top tier of global optimismDespite predictions of lower than global average GDP growth in New Zealand, two-thirds of businesses are optimistic about their outlook for 2010, a global survey has found.Business advising company Grant Thornton surveyed more...Source: nzherald.co.nz - Business | 3 Jan 2010 | 9:00 am Companies coy on costs as cable TV row resolvedMany questions remain for American cable TV viewers nationwide even after Fox and Time Warner Cable settled their noisy spat with a New Year's Day agreement.The deal was good news for more than six million Time Warner customers...Source: nzherald.co.nz - Business | 3 Jan 2010 | 9:00 am Gold's rush falls short on 30-year investmentGold's best year in three decades still didn't see it match the returns of an interest-bearing cheque account for anyone who bought the most malleable of metals during the last peak in January 1980.Investors who paid US$850 ($1174)...Source: nzherald.co.nz - Business | 3 Jan 2010 | 9:00 am Top Business predictions for 2010Cameron Watson is nothing but optimistic in at least one of his top 10 surprises for 2010.The Craigs Investment Partners private wealth research director has picked New Zealand to win the 2010 Football World Cup, or at least advance...Source: nzherald.co.nz - Business | 3 Jan 2010 | 9:00 am India's exports clawing back upIndia's exports rose for the first time in 14 months as recovery in the global economy boosted year-end holiday demand for the South Asian nation's products.Overseas shipments rose 18.2 per cent to US$13.2 billion ($18.1 billion)...Source: nzherald.co.nz - Business | 3 Jan 2010 | 9:00 am Big gains for kiwi and aussie dollarThe Australian and New Zealand dollars climbed versus the greenback and recorded their biggest annual gains since 2003 as prices rose for commodities that dominate the nations' exports.Both currencies recorded record yearly advances...Source: nzherald.co.nz - Business | 3 Jan 2010 | 9:00 am Proof is in the science for successful honey firmIt took Chris McElroy four visits and some creative persuasion before British supermarket giant Waitrose agreed to stock his New Zealand Honey Company products.Trying to win supermarket shelf space in the world's most contested...Source: nzherald.co.nz - Business | 3 Jan 2010 | 9:00 am New year, old worries for U.S. stocks (Reuters)
Source: Yahoo! News: Stock Markets News | 3 Jan 2010 | 8:46 am New year, old worries for U.S. stocks (Reuters)
Source: Yahoo! News: Business | 3 Jan 2010 | 8:46 am Kraft to raise Cadbury bid in next 2 weeks: reportLONDON (Reuters) - Kraft Foods is preparing to sweeten its hostile 10 billion pound ($15.9 billion) takeover bid for British confectionery maker Cadbury, reported the Sunday Times.Source: Reuters: Business News | 3 Jan 2010 | 7:22 am December retail sales seen up, tough spring ahead (Reuters)Reuters - Top U.S. retailers will give investors the most detailed picture yet of holiday sales this week, with most expected to show better sales after an abysmal 2008 performance.Source: Yahoo! News: Business | 3 Jan 2010 | 6:13 am Best and worst CEO buzzYahoo's Carol Bartz has got it. Ex-Merrill CEO John Thain scored lowest in Fortune's ranking of positive chatter.Source: Business and financial news - CNNMoney.com | 3 Jan 2010 | 6:11 am Signs Of Intelligent Life At Kraft (KFT)The Times of London reports that Kraft (NYSE:KFT) will raise its bid for Cadbury (NYSE:CBY). Cadbury trades above the amount of the Kraft offer price and several companies including Italian confectioner Ferrero are rumored to be preparing rival bids for the UK firm. The turnaround effort mounted by Kraft CEO Irene Rosenfeld has faltered. Kraft might as well buy a [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 3 Jan 2010 | 5:50 am
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