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Nestle rules out bid for CadburyFood giant Nestle says it does not intend to table a bid for Cadbury, while Kraft changes the terms of its takeover offer.Source: BBC News | Business | World Edition | 5 Jan 2010 | 3:36 am Kraft improves Cadbury offer after sale to NestleKraft Foods Inc. improved its hostile takeover offer for British chocolate and gum maker Cadbury PLC after selling its North American pizza business for $3.7 billion to Nestle, which...Source: RSS feed - channel BNewsBusiness | 5 Jan 2010 | 3:27 am Boiler scrappage scheme launchedA government scheme that gives households in England £400 off the cost of a new boiler has been launched.Source: BBC News | Business | World Edition | 5 Jan 2010 | 3:23 am SMFG plans $8.7 billion share sale: sourcesTOKYO (Reuters) - Sumitomo Mitsui Financial Group (SMFG) , Japan's third-largest bank by assets, plans to raise up to $8.7 billion by issuing new shares to meet stricter capital requirements and for potential acquisitions in Asia, people with knowledge of the matter said.Source: Reuters: Business News | 5 Jan 2010 | 3:19 am Smartbook Business Menaces Netbooks: Lenovo Product ReleasedThe segment of the consumer electronics market that includes all the miniature or handheld PC alternatives grows by the day. Smartphones including the RIM (NASDAQ:RIMM) Blackberry and Apple (NASDAQ:AAPL) iPhone post sharply increased sales each quarter. Netbook sales are the only rapidly growth portion of the PC market. Hewlett-Packard (NYSE:HPQ) and Dell (NASDAQ:DELL) have lately entered a market which [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jan 2010 | 3:19 am Kraft sweetens Cadbury takeover offerKraft, the US food conglomerate, has raised the cash element of its offer for Cadbury, the UK chocolate maker, after selling a US pizza business for $3.7bn to NestléSource: Financial Times - US homepage | 5 Jan 2010 | 3:17 am Monster tuna sold for 16.28 million yen ($175,000) at Tokyo marketA tuna has been sold at auction in Tokyo for 16.28 million yen ($175,000), the highest price for nine years.Source: BBC News | Business | World Edition | 5 Jan 2010 | 3:15 am Dollar weakness supports equity rally10:10 GMT. Another bout of weakness in the dollar lent further support to commodities and the global equity rally on Tuesday, as Asian stocks followed their US and European peers to register sturdy gains...Source: RSS feed - channel BNPaperBusiness | 5 Jan 2010 | 3:14 am Dollar weakness supports equity rallyGlobal market overview: Another bout of weakness in the dollar lent further support to commodities and the global equity rally on Tuesday, as Asian stocks followed their US and European peers to register sturdy gainsSource: Financial Times - US homepage | 5 Jan 2010 | 3:14 am Charges on Government-backed loans to UK companies rise by a thirdAlmost 6,000 companies face paying higher interest charges on their Government-backed loan from January 1 after an 11 month-long discount deal with the European Commission endsSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jan 2010 | 3:12 am FTSE flat as buoyant banks offset retailersEquities in London were flat on Tuesday as investors sold off retail stocks following a disappointing outlook from Next, while the latest developments in the potential takeover of Cadbury failed to ignite...Source: RSS feed - channel BNPaperBusiness | 5 Jan 2010 | 3:10 am 2009 a bumper year for start-upsBumper numbers of businesses were set up in 2009 despite the recession, bank statistics showSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jan 2010 | 3:07 am Bangladesh regulator takes aim at Internet scam (AFP)
Source: Yahoo! News: Stock Markets News | 5 Jan 2010 | 3:03 am Stock futures point to weaker start(Reuters) - Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.02 to 0.2 percent, pointing to a weaker start on Wall Street on Tuesday.Source: Reuters: Business News | 5 Jan 2010 | 3:03 am Stock futures point to weaker start (Reuters)
Source: Yahoo! News: Stock Markets News | 5 Jan 2010 | 3:03 am Stock futures point to weaker start (Reuters)
Source: Yahoo! News: Business | 5 Jan 2010 | 3:03 am China machinery maker IMM plans $500 mln IPO -sourcesHONG KONG, Jan 5 (Reuters) - International Mining Machinery Ltd. (IMM), a Chinese mining equipment company, aims to raise about $500 million from a Hong Kong initial public offering by February, sources...Source: RSS feed - channel BNewsBusiness | 5 Jan 2010 | 3:00 am Book The Best New Year's Resolution Ever with AirTran Airways' New Sale FaresSource: RSS feed - channel BNewsBusiness | 5 Jan 2010 | 3:00 am Kraft (KFT) Ups Cash Portion Of Cadbury Bid, Sells Unit To NestleKraft (NYSE:KFT) made a remarkably clever move in its pursuit of Cadbury (NYSE:CBY), but it may be too little too late. The US foods company sold its North American pizza business to Nestle for $3.7 billion. Kraft will use the proceeds of that sale to increase the cash portion of its 10.2 billion pound offer for Cadbury. But, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jan 2010 | 2:59 am German official unemployment at 8.2% in 2009German unemployment averaged 8.2 percent of the workforce last year, with a total of 3.42 million unemployed, the Federal Labour Agency said on Tuesday. That represented an increase fromSource: RSS feed - channel BNewsBusiness | 5 Jan 2010 | 2:58 am London Markets: Next paces retreat in U.K. retail sectorNext paces a retreat within the U.K. retail sector Tuesday as the group’s improved profit forecast wasn’t enough to buoy already ratcheted-up expectations.
Source: MarketWatch.com - Top Stories | 5 Jan 2010 | 2:57 am Bonuses ease Manhattan real estate declineBonuses are making a comeback on Wall Street and that might help stabilize the Manhattan real estate market.Source: Business and financial news - CNNMoney.com | 5 Jan 2010 | 2:52 am Oil holds above $81World oil prices rose on Tuesday, holding above 81 dollars per barrel, supported by higher consumption of heating fuel due to cold weather in the northern hemisphere, analysts said. New...Source: RSS feed - channel BNewsBusiness | 5 Jan 2010 | 2:51 am Google's bold mobile move: Nexus OneGoogle is expected to take a giant leap forward into the smartphone arena Tuesday, with the much-anticipated unveiling of the Nexus One, the first smartphone completely designed by the search leader.Source: Business and financial news - CNNMoney.com | 5 Jan 2010 | 2:51 am RPT-SCENARIOS-Kraft pizza deal spices up Cadbury bid* Kraft sweetens Cadbury bid with cash replacing some stockSource: RSS feed - channel BNewsBusiness | 5 Jan 2010 | 2:50 am London hotels on the up but regions are still strugglingThe beleagured hospitality industry saw a chink of light as London hotels reported that revenue per available room (revPAR) saw an upturn in the final quarter of 2009.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jan 2010 | 2:46 am Sales at John Lewis reach recordJohn Lewis's department stores report their best ever Christmas sales figures after taking more than £100m a week.Source: BBC News | Business | World Edition | 5 Jan 2010 | 2:44 am UK construction contracts for 22nd monthBritish construction activity contracted for a 22nd consecutive month in December but the pace of decline eased slightly and firms were more optimistic about the future, a survey showed on Tuesday.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jan 2010 | 2:44 am Profit forecast at Next increasedFashion retailer Next reports better-than-expected sales in the run up to Christmas and raises its full-year profit forecast.Source: BBC News | Business | World Edition | 5 Jan 2010 | 2:44 am China car franchiser Zhongsheng plans $1 bln IPO -sourcesHONG KONG, Jan 5 (Reuters) - Chinese automobile franchiser Zhongsheng Group aims to raise between $800 million and $1 billion from a Hong Kong initial public offering in first quarter of 2010, sources...Source: RSS feed - channel BNewsBusiness | 5 Jan 2010 | 2:43 am Stocks may pull back at openStocks were set to take a step backward Tuesday, following a start-of-the-year runup on economic optimism.Source: Business and financial news - CNNMoney.com | 5 Jan 2010 | 2:43 am Day4 Energy Expands Sales Force to Meet Expectations of Growing European MarketsSource: RSS feed - channel BNewsBusiness | 5 Jan 2010 | 2:43 am Kraft sweetens Cadbury offer, Nestle rules out bidNEW YORK/ZURICH (Reuters) - Hopes of a takeover battle over British confectioner Cadbury receded as Nestle ruled itself out as a suitor and Kraft sweetened its hostile 10.2 billion pound ($16.4 billion) offer.Source: Reuters: Business News | 5 Jan 2010 | 2:36 am Corrections: Cadbury, Novartis pace Europe stocks fallOn Jan. 5, a markets column incorrectly stated the profit forecast for U.K. retailer Next. The article has been corrected. See corrected story.
Source: MarketWatch.com - Top Stories | 5 Jan 2010 | 2:33 am RPT-Cadbury says Kraft bid still derisoryLONDON, Jan 5 (Reuters) - Kraft's offer for Cadbury remains derisory, a spokesman for the British confectioner said on Tuesday after the U.S. firm increased the cash component of its 10.2 billion pound...Source: RSS feed - channel BNewsBusiness | 5 Jan 2010 | 2:31 am Hang Seng, Nikkei ride higher on commodity stocksAsian stock markets end mostly higher Tuesday, bolstered by Wall Street's upbeat start for 2010 and strong commodity prices.
Source: MarketWatch.com - Top Stories | 5 Jan 2010 | 2:30 am Kraft sweetens Cadbury offer, Nestle rules out bid (Reuters)
Source: Yahoo! News: Business | 5 Jan 2010 | 2:27 am WRAPUP 2-Kraft sweetens Cadbury offer, Nestle rules out bid* Kraft adds 60p/share cash, replacing part of stock elementSource: RSS feed - channel BNewsBusiness | 5 Jan 2010 | 2:25 am Nokia files new patent suit against Apple (Reuters)
Source: Yahoo! News: Business | 5 Jan 2010 | 2:22 am Nokia files new patent suit against AppleHELSINKI (Reuters) - The world's top mobile phone maker, Nokia, has launched another court case against Apple for alleged patent violations, in an increasingly fierce legal battle between two leaders of the smartphone market.Source: Reuters: Business News | 5 Jan 2010 | 2:22 am FTSE loses new year lustreLondon shares edged off their record 16-month highs this morning as investors in retail stocks took profits after cautious guidance from Next's chief executive, Simon Wolfson, and after a round of price cuts by Asda, owned by Wal-Mart of the US. Source: Latest Business News from Times Online | 5 Jan 2010 | 2:22 am Asda takes on Tesco in grocery price warThe supermarket price war intensified today as Asda unveiled what it claimed were its biggest price cuts in a decade. Source: Latest Business News from Times Online | 5 Jan 2010 | 2:14 am Japan Airlines shares rise on pension cut reportsShares of Japan Airlines extend gains after reports the ailing carrier has obtained the approval of more than the required two-thirds of its present workforce to trim pension payouts.
Source: MarketWatch.com - Top Stories | 5 Jan 2010 | 2:12 am British Gas to double £400 offer for boiler scrappage schemeBritish Gas is the latest to offer its own boiler scrappage scheme in addition to the scheme offered by the Government.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jan 2010 | 2:04 am Kraft sweetens Cadbury terms with pizza sale dealKraft Foods said Tuesday that it will sell its North American pizza business to Switzerland’s Nestle for $3.7 billion and use the proceeds to improve the terms of its bid for Cadbury.
Source: MarketWatch.com - Top Stories | 5 Jan 2010 | 2:04 am Taiwan votes to block US beef importsThe island’s parliament braves economic retaliation from the US by voting to block a recent bilateral agreement to permit American beef importsSource: Financial Times - US homepage | 5 Jan 2010 | 2:02 am Asia stocks gain on Wall Street rally; Europe down (AP)
Source: Yahoo! News: Stock Markets News | 5 Jan 2010 | 2:00 am Europe Markets: Cadbury, Novartis pace Europe stocks fallStocks in Europe pull back Tuesday after the strong start to the year, with Cadbury dropping after Nestlé formally took itself out of the running for the U.K. chocolate maker.
Source: MarketWatch.com - Top Stories | 5 Jan 2010 | 2:00 am Media Digest 1/5/2010 Reuters, WSJ, NY Times, FT, BloombergReuters: Kraft (NYSE:KFT) sold it pizza business to Nestle and lifted the cash portion of its deal to buy Cadbury (NYSE:CBY). Reuters: Cold weather pushed oil prices near $82. Reuters: US healthcare spending is slowing. Reuters: Ford’s (NYSE:F) China JV sales rose 55% in 2009. WSJ: Big oil is moving more drilling offshore as land reserves dwindle. WSJ: Apple (NASDAQ:AAPL) will [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jan 2010 | 1:51 am Alcon directors criticize Novartis tactics (Reuters)
Source: Yahoo! News: Business | 5 Jan 2010 | 1:43 am Alcon directors criticize Novartis tacticsZURICH (Reuters) - An independent committee of directors of Alcon is disappointed with a takeover bid from Novartis , saying the Swiss drugmaker is trying to circumvent protections for minority shareholders.Source: Reuters: Business News | 5 Jan 2010 | 1:43 am FTSE 100 hits 16-month high on M&A hopesTraders started the new year brimming with optimism that major M&A deals may, finally, be back on the agenda.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jan 2010 | 1:42 am FTSE 100 opens flat (AFP)
Source: Yahoo! News: Stock Markets News | 5 Jan 2010 | 1:41 am Goldman exodus talk a wake-up call over bonus tax, says London mayor Boris JohnsonBorios Johnson, the London Mayor, has suggested that he is deeply troubled that Goldman Sachs is considering moving parts of its business out of Britain following the Government's 50pc tax on bonuses.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jan 2010 | 1:40 am Credit Suisse sued for $24bn over failed resorts$Credit Suisse is being sued by property owners in four luxury ski and golf resorts, in the US and the Bahamas, who say that the Swiss bank concocted a loan scheme to defraud them and ultimately take over the properties. Source: Latest Business News from Times Online | 5 Jan 2010 | 1:27 am Toyota steps up small car battle in IndiaNEW DELHI (Reuters) - Toyota Motor Co, seeking to draw a line under a dire 2009, is ramping up in India with the launch of a new low-cost compact car to tap the fast-growing market.Source: Reuters: Business News | 5 Jan 2010 | 1:25 am Asia Markets And Europe Open (1/5/2010)Markets in Asia rose. The Nikkei was up .3% to 10,692. The Hang Seng was higher by 2.1% to 22,286. The Shanghai Composite rose 1.2% to 3,282. At the open in Europe, the FTSE fell .2% to 5,489. Cadbury (NYSE:CBY) fell as Nestle effectively dropped out of the bidding for the UK company by purchasing Kraf’t’s (NYSE:KFT) pizza business for [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jan 2010 | 1:25 am Currencies: Dollar slips vs. rivals in Asian tradingThe dollar continues its slump against major rivals Tuesday, on waning expectations that the U.S. Federal Reserve will be hiking interest rates soon.
Source: MarketWatch.com - Top Stories | 5 Jan 2010 | 1:24 am Toyota steps up small car battle in India (Reuters)Reuters - Toyota Motor Co (7203.T), seeking to draw a line under a dire 2009, is ramping up in India with the launch of a new low-cost compact car to tap the fast-growing market.Source: Yahoo! News: Business | 5 Jan 2010 | 1:23 am Kraft steps up pursuit of Cadbury; Nestle rules itself outThe maker of Oreo cookies puts more cash on the table as Nestle rules itself out of a bid.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jan 2010 | 1:22 am China central banker: Must keep strong regulationNation's top central banker says China needs to keep tight control over its financial system, including making sure banks monitor their balance sheets after last year’s lending spree.
Source: MarketWatch.com - Top Stories | 5 Jan 2010 | 1:20 am Next ticks up annual profits forecastsThe recent cold snap boosted sales at Next amid mounting evidence that retailers enjoyed a buoyant Christmas – but the retailer warned that the public deficit threatened the recovery. Source: Latest Business News from Times Online | 5 Jan 2010 | 1:09 am Oil and gas prices rise along with optimism about global economyCrude oil futures are the highest since 2008, and it may soon cost $3.15 a gallon to fuel up in California. Solid...Source: RSS feed - channel BNPaperBusiness | 5 Jan 2010 | 1:00 am IRS tightens rules on tax preparersAbout 1 million people who prepare income tax returns for a fee will have to register with the government, and many will have to pass tests and take classes. California already has such rules.The Internal Revenue Service for the first time will require the nation's roughly 1 million tax preparers to register with the federal government, with a large percentage of them having to pass competency tests and stay up to date on tax laws by taking 15 hours of classes a year.
Source: L.A. Times - Business | 5 Jan 2010 | 1:00 am At Consumer Electronics Show, 3-D TV will take center stageOther trends expected to dominate the show, which runs Thursday through Sunday in Las Vegas, are TVs that connect to the Internet and mobile digital TV.Grab the popcorn and 3-D glasses and get ready for the Consumer Electronics Show in Las Vegas, the trade event that got its start as a gadget-fest but has emerged as an important showcase for new entertainment technology.
Source: L.A. Times - Business | 5 Jan 2010 | 1:00 am Stocks' start for 2010 is sign of hopeDow gains 155 points to post its highest close since October 2008. Historically, the first trading days have set the trend for the year.The new year started as a happy one for the stock market as investors displayed a willingness to take risks.
Source: L.A. Times - Business | 5 Jan 2010 | 1:00 am ING Direct ad takes advantage of Americans' amnesia about the stock market'Owners' tempts the young and inexperienced to 'get your share,' and implies that investing can be an expression of one's cultural politics.A tough, tasty steak of a book, Justin Fox's "The Myth of the Rational Market" arrived last fall just in time to explain how and why the smartest economists and best-managed institutions on Wall Street nearly detonated a bomb in the world's underpants.
Source: L.A. Times - Business | 5 Jan 2010 | 1:00 am Business BriefingBankruptcy filings surged 32% in 2009
Source: L.A. Times - Business | 5 Jan 2010 | 1:00 am Coffee-roasting brood keeps L.A. ethnic communities brewingGaviña & Sons has grown into a $114-million-a-year business by understanding the tastes of immigrant groups. Lately it's been shifting from mom-and-pop stores to supermarket shelves.The coffee beans roasted, ground, packaged and shipped out of the F. Gaviña & Sons Inc. factory in Vernon are as diverse as the ethnic communities that blanket Southern California.
Source: L.A. Times - Business | 5 Jan 2010 | 1:00 am Northrop Grumman moving headquarters from L.A. to Washington, D.C., areaThe company was the last major aerospace firm based in Southern California. The decision is seen as a blow to the much-battered regional economy. ...Source: RSS feed - channel BNPaperBusiness | 5 Jan 2010 | 1:00 am Coffee-roasting brood keeps L.A. ethnic communities brewingGavia & Sons has grown into a $114-million-a-year business by understanding the tastes of immigrant groups. Lately it's been shifting from mom-and-pop stores to supermarket shelves. ...Source: RSS feed - channel BNPaperBusiness | 5 Jan 2010 | 1:00 am At Consumer Electronics Show, 3-D TV will take center stageOther trends expected to dominate the show, which runs Thursday through Sunday in Las Vegas, are TVs that connect to the Internet and mobile digital TV. ...Source: RSS feed - channel BNPaperBusiness | 5 Jan 2010 | 1:00 am How online retailers can minimize returns and chargebacksAlso: Legal protections for gay employees, and using customer service as a selling point. Dear Karen: How can I minimize returns to my...Source: RSS feed - channel BNPaperBusiness | 5 Jan 2010 | 1:00 am Northrop Grumman moving headquarters from L.A. to Washington, D.C., areaThe company was the last major aerospace firm based in Southern California. The decision is seen as a blow to the much-battered regional economy.In a blow to Southern California, Northrop Grumman Corp. said it would relocate its headquarters from Los Angeles -- leaving the region that gave birth to the aerospace industry without a single major military contractor based here.
Source: L.A. Times - Business | 5 Jan 2010 | 1:00 am News Corp. sells Rotten Tomatoes website to FlixsterFlixster will combine its database of user-generated movie reviews with Rotten Tomatoes' compilations of reviews, although the two sites will maintain distinct online identities. ...Source: RSS feed - channel BNPaperBusiness | 5 Jan 2010 | 1:00 am ING Direct ad takes advantage of Americans' amnesia about the stock market'Owners' tempts the young and inexperienced to 'get your share,' and implies that investing can be an expression of one's cultural politics. ...Source: RSS feed - channel BNPaperBusiness | 5 Jan 2010 | 1:00 am Business BriefingBankruptcy filings surged 32% in 2009Source: RSS feed - channel BNPaperBusiness | 5 Jan 2010 | 1:00 am Next warns that UK deficit poses a threat as Christmas sales riseNext has warned that the need to cut Britain's deficit threatens resilient consumer spending that helped the fashion chain deliver strong Christmas sales.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jan 2010 | 12:45 am Warehouse falls on quiet day for marketAn "extraordinarily quiet" day on the New Zealand sharemarket saw small gains in the major stocks, but a 14-cent drop in The Warehouse shares after the big red retailer announced disappointing trading results for Christmas.The...Source: nzherald.co.nz - Business | 5 Jan 2010 | 12:20 am Dollar maintains strength into new yearStrong equity and commodities markets lifted the New Zealand dollar into 2010, following up on gains made last year.The kiwi closed the local trading session at US73.27c, up from US72.57c on the last day of last year. Against...Source: nzherald.co.nz - Business | 5 Jan 2010 | 12:06 am Kraft sweetens £10.3bn hostile Cadbury bidKraft Foods today added new cash to its hostile £10.3 billion bid for Britain's Cadbury, having sold its North American frozen pizza business to Nestlé for $3.7 billion.$ Source: Latest Business News from Times Online | 4 Jan 2010 | 11:59 pm Japan Airlines agrees pension cutShares in struggling carrier Japan Airlines (JAL) rise again on Tuesday after staff agree pension cuts.Source: BBC News | Business | World Edition | 4 Jan 2010 | 11:59 pm Northrop Grumman to keep many jobs in CaliforniaThe aerospace giant's headquarters will leave Los Angeles, but 'California remains a significant location for Northrop Grumman research, development and manufacturing,' the company says.Even with its decision Monday to move its headquarters out of Los Angeles, Northrop Grumman Corp. will remain one of Southern California's biggest private employers, with about 27,000 people on its payroll locally.
Source: L.A. Times - Business | 4 Jan 2010 | 11:26 pm Boiler scrappage scheme goes liveVouchers worth £400 that go towards the cost of a new energy-efficient boiler will be issued on January 18.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jan 2010 | 11:11 pm Paul B. Farrell: 12 Dr. Dooms shred 2010 investing optimismSo to all you optimists who plan to actively invest in 2010 because you accept that America’s “capitalism-without-morals” is working in spite of Wall Street’s quasi-criminal behavior: Here’s some dark-side input to factor into your investment equation for 2010 and beyond.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 10:01 pm David Weidner's Writing on the Wall: Four investing principles for 2010 and beyondAfter hanging around Wall Street for so many years, David Weidner has learned a few investing principles that stand the test of time.
Source: MarketWatch.com - Top Stories | 4 Jan 2010 | 10:01 pm CEO Interview With ConAgra's Gary RodkinRodkin hopes innovative packaged foods show investors the firm is on track.
Source: SmartMoney.com | 4 Jan 2010 | 10:00 pm International Aluminum files for Chapter 11(Reuters) - International Aluminum Corp, a U.S. producer of aluminum and vinyl building products, filed for Chapter 11 bankruptcy late on Monday, hurt by a downturn in both residential and commercial construction sectors.Source: Reuters: Business News | 4 Jan 2010 | 9:56 pm Aussie stocks open stronglyMELBOURNE - The Australian share market has jumped on opening, after a strong overnight lead from Wall Street.At 1015 AEDT, the benchmark S&P/ASX200 index was up 44.4 points, or 0.91 per cent at 4,920.7, while the broader All...Source: nzherald.co.nz - Business | 4 Jan 2010 | 6:19 pm Cramer’s Energy Shortage Stock Picks for 2010 (APC, CHK, XOM, XTO, DVN, SWN, APA, CLR, RRC, LINE, CVX, MRO, WPRT, CLNE)Jim Cramer came out on CNBC’s MAD MONEY this evening with an interesting grouping of stock trends to invest in for 2010 and he thinks this is the year of active investing. The first big trend to invest in is the coming energy shortage. Those are his words, “an energy shortage.” Specifically, Cramer believes in [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jan 2010 | 5:20 pm Florida’s cold snap heats up juice futuresA cold snap in Florida’s citrus groves saw orange juice futures surge to hit an exchange-set daily trading limit, further extending a rally in a market in which prices rose 81 per cent last yearSource: Financial Times - US homepage | 4 Jan 2010 | 5:13 pm The Warehouse reports disappointing ChristmasRetailer The Warehouse reported disappointing trading results for the Christmas period, and expects its results are an indication of what happened in the broader non-food retail market.The Warehouse Group today said total sales...Source: nzherald.co.nz - Business | 4 Jan 2010 | 5:07 pm News Corp to merge Dow Jones divisionsNews Corp has unveiled its biggest restructuring of Dow Jones since its $5.6bn takeover of the financial information business in 2007, merging its consumer and enterprise divisionsSource: Financial Times - US homepage | 4 Jan 2010 | 5:03 pm Disposal sparks talk of Nestlé joining fray for CadburyNovartis, the Swiss pharmaceutical group, has launched a $40 billion ($£25 billion) takeover of Alcon, the global, Swiss eye-care company, by buying Nestlé’s 52 per cent stake in the business (see Commentary facing page). Source: Latest Business News from Times Online | 4 Jan 2010 | 5:01 pm Equitable reverses policy cuts and ends bonus famineEquitable Life has reintroduced interim bonuses for the first time since the credit crunch. Source: Latest Business News from Times Online | 4 Jan 2010 | 5:01 pm Downloaders defy Avatar 3D barrierAvatar, the 3D film directed by James Cameron, is likely to become the second highest-grossing movie in history behind Titanic, having taken more than $1 billion ($£621 million) worldwide in only three weeks. Source: Latest Business News from Times Online | 4 Jan 2010 | 5:01 pm Economists see recession drawing to a close in UKBritain’s year-and-a-half long recession is set to draw to a close, after figures released yesterday showed manufacturing was at its most buoyant for two years in December. Source: Latest Business News from Times Online | 4 Jan 2010 | 5:01 pm Shell is fined over accident at oil refineryShell and two of its contractors were fined a combined £283,000 by the Health and Safety Executive (HSE) yesterday over an accident at an oil refinery that left a worker paralysed from the waist down. Source: Latest Business News from Times Online | 4 Jan 2010 | 5:01 pm Underpowered?How Formula 1 is faring after the downturnSource: BBC News | Business | World Edition | 4 Jan 2010 | 5:00 pm Internet retailer gives exotic leathers the boot (AP)AP - Overstock.com Inc. has stopped selling watchbands, shoes and luggage made from the skins of exotic animals.Source: Yahoo! News: Business | 4 Jan 2010 | 4:43 pm Stock rally at start of 2010 augurs well maybe (AP)
Source: Yahoo! News: Stock Markets News | 4 Jan 2010 | 4:21 pm Write-Offs: 01.04.10
$$$ Thomas Lee Down One Stalker $$$ "The worst is behind us in the sense of credit," Moynihan, 50, said today during an interview on Bloomberg Television in Raleigh, North Carolina. "As an industry, we over-lent and customers over-borrowed. If you could rewind the clock, you wouldn't do those things again." [Bloomberg] $$$ Cablevision's Dolan spins spinoff into a lucrative deal [Crain's] $$$ "Last month the Associated Press published a poll of 158 sports editors for Female Athlete of the Year. Two of the top 10 were horses." [The Age via Heidi Moore] $$$ Goldman To Foot Bonus Tax Bill [Sky News] $$$ The ad people who run this asylum would like you to please take this survey. Do it now, and then we don't have to speak about it again. Apparently there's a monetary incentive, too. [DB] $$$ Tiger Woods: Prison Yard Thug [VF] 
 Source: Dealbreaker | 4 Jan 2010 | 4:15 pm Podcast: Ranking Corruption
According to Transparency International, New Zealand is the land of very few bribes. (superkimbo in BKK/Flickr) On today's Planet Money: How does the U.S. rank in terms of corruption compared to other countries? Transparency International puts us 15th on its Corruption Perceptions Index, which "measures the perceived level of public-sector corruption in 180 countries and territories around the world." Jermyn Brooks, chair of the group's business advisory board, tells us how we landed there and what we can do to climb up. After the jump, see the index's top eight countries. 
The Corruption Perceptions Index 2009. (Transparency International) Transparency International explains the index: The rank shows how one country compares to others included in the index. The CPI score indicates the perceived level of public-sector corruption in a country/territory. The CPI is based on 13 independent surveys. However, not all surveys include all countries. The surveys used column indicates how many surveys were relied upon to determine the score for that country. The confidence range indicates the reliability of the CPI scores and tells us that allowing for a margin of error, we can be 90% confident that the true score for this country lies within this range. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 4 Jan 2010 | 4:13 pm Wall Street cool on rumored Google phone launchSAN FRANCISCO (Reuters) - Google Inc is expected to unveil its highly anticipated Nexus One smartphone on Tuesday, marking a first foray into an increasingly crowded market that could shape the future of the company's advertising business.Source: Reuters: Business News | 4 Jan 2010 | 4:06 pm US public pensions face $2,000bn deficitPublic pensions in the US face a higher-than-expected deficit that will increase pressure on many states’ finances and crimp growth, according to the chairman of New Jersey’s pension fundSource: Financial Times - US homepage | 4 Jan 2010 | 4:01 pm Dealbreaker Seeks A New WriterBreaking Media LLC is looking for a reporter/editor for Dealbreaker. This is a high-profile position on one of Wall St.'s few true must-read news sites. As such, the price of admission is deep knowledge of financial markets and key players and the ability to work quickly in a fast-paced digital news environment. But what will set the ideal candidate apart is a writing and reporting style that will break through the din of today's financial information. Rote aggregators need not apply. We need a writer who can break news and pen agenda-setting analyses. This is a full-time position with benefits that includes health insurance. Interested candidates should email a resume and a cover letter to jobs@breakingmedia.com.
Source: Dealbreaker | 4 Jan 2010 | 4:00 pm Politics, Market Rally, Shipping: Taking Stock PodcastSource: Bloomberg - All Podcasts | 4 Jan 2010 | 3:59 pm How the major stock indexes fared on Monday (AP)AP - The stock market has extended its 2009 rally into the new year. Major stock indexes surged Monday after improving news on manufacturing from China to the U.S. pointed to a strengthening global economy. A report found that China's manufacturing industry expanded last month at the fastest rate in 20 months. Meanwhile, a U.S. trade group said manufacturing activity grew faster than expected in December.Source: Yahoo! News: Stock Markets News | 4 Jan 2010 | 3:49 pm Head of SEC inspections office named (AP)AP - A partner in big accounting firm PricewaterhouseCoopers has been named to head a key division of the Securities and Exchange Commission blamed for contributing to the breakdown that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 years.Source: Yahoo! News: Stock Markets News | 4 Jan 2010 | 3:41 pm Sharemarket opens with early gainsThe New Zealand sharemarket started 2010 in the same vein as it ended 2009, climbing early as leading shares gained.The benchmark NZSX-50 index ended 2009 around 3230 points, 19 per cent higher than where it finished 2008. It...Source: nzherald.co.nz - Business | 4 Jan 2010 | 3:39 pm Top picks from top prosMoney tapped the brainpower of the lead managers of six top-performing mutual funds in every major category. Here's what they're buying.Source: Business and financial news - CNNMoney.com | 4 Jan 2010 | 3:36 pm Presented By:Source: Dealbreaker | 4 Jan 2010 | 3:29 pm Don't Pee On Jed Rakoff's Leg And Tell Him It's Raining
Seems that you can't call "experts" whose sole source of information are media reports you told your investors to ignore. In effect the bank is arguing that, even though it expressly warned its shareholders to disregard the media, it can now defend itself by asserting that a reasonable shareholder would have disregarded these warnings and, by consulting the media, perceived that the bank's alleged lies were immaterial. Even a zealous advocate might perceive that such an argument hints at hypocrisy.
Source: Dealbreaker | 4 Jan 2010 | 3:29 pm Wall St starts 2010 strongNEW YORK - The American stock market has extended its 2009 rally into the new year.Major stock indexes have surged more than 1.5 per cent on Monday after improving news on manufacturing from China to the US pointed to a strengthening...Source: nzherald.co.nz - Business | 4 Jan 2010 | 3:27 pm NY judge cuts media reports from bonuses' trial (AP)
Source: Yahoo! News: Stock Markets News | 4 Jan 2010 | 3:11 pm NY judge cuts media reports from bonuses' trial
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