Fake euro seizures rise by 8%: ECB

The number of fake euro banknotes seized in the second half of 2009 rose by eight percent from the first half of the year, the European Central Bank said on Monday, continuing a steady...
Source: RSS feed - channel BNewsBusiness | 11 Jan 2010 | 3:23 am

Ford (F) Looks For “World Car” Holy Grail

Major auto companies have made efforts to create a “world car” for decades. It would be a vehicle which could use one design, one platform, and one engine which could be sold in Asia, Europe, North America, and South America with only the most modest of modifications for each market. A successful “world car” would save [...]

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Source: 24/7 Wall St. | 11 Jan 2010 | 3:15 am

China lending reportedly jumps, feeding hot economy

BEIJING (Reuters) - Chinese bank lending surged in the first week of 2010, industry sources said on Monday, adding to the concerns fueled by blockbuster trade data for December that the world's third-largest economy is overheating.

Source: Reuters: Business News | 11 Jan 2010 | 3:12 am

Santander rebrands bank branches

The Spanish bank Santander starts renaming the 1,045 branches of the former Abbey and Bradford & Bingley banks.
Source: BBC News | Business | World Edition | 11 Jan 2010 | 3:12 am

Heineken to buy Mexican brewery worth $7.7 billion

Dutch beer maker Heineken said Monday it would acquire Mexico's Fomento Economico Mexicano (Femsa) brewery, valued at 5.3 billion euros (7.7 billion dollars), through an all-share...
Source: RSS feed - channel BNewsBusiness | 11 Jan 2010 | 3:12 am

China car sales surpass U.S., Peugeot sees upturn (Reuters)

Reuters - China's auto sales surged past the United States to reach record levels in 2009, industry figures showed on Monday, underscoring China's importance to the global auto industry as the world's biggest market.
Source: Yahoo! News: Business | 11 Jan 2010 | 3:10 am

China car sales surpass U.S., Peugeot sees upturn

PARIS (Reuters) - China's auto sales surged past the United States to reach record levels in 2009, industry figures showed on Monday, underscoring China's importance to the global auto industry as the world's biggest market.

Source: Reuters: Business News | 11 Jan 2010 | 3:10 am

Strong Chinese exports boost equities

10:05 GMT. Stocks hit near-16 month highs and industrial commodities rallied on Monday as a surge in Chinese exports boosted optimism towards the global economy. Meanwhile, gold bounced sharply...
Source: RSS feed - channel BNPaperBusiness | 11 Jan 2010 | 3:09 am

Business Networking Predictions for 2010


Source: RSS feed - channel BNewsBusiness | 11 Jan 2010 | 3:07 am

London Markets: Property stocks, miners help U.K. market advance

Several real-estate developers’ stocks advance in London after a broker says that it sees a recovery in prime office rents.



Source: MarketWatch.com - Top Stories | 11 Jan 2010 | 3:07 am

Heineken to buy Mexico's Femsa for $5.5B in shares

Heineken NV said Monday it will buy the beer-making operations of Mexico's Femsa in an all-share deal that values the maker of Dos Equis, Tecate and Sol beers at $5.5 billion, excluding...
Source: RSS feed - channel BNewsBusiness | 11 Jan 2010 | 3:03 am

London stocks hit 16-month peak above 5,600 points (AFP)

London's main stock market index hit its highest level since September 2008, when the collapse of US investment bank Lehman Brothers signalled the start of the global economic crisis.(AFP/File/Shaun Curry)AFP - London's main stock market index on Monday hit its highest level since September 2008, when the collapse of US investment bank Lehman Brothers signalled the start of the global economic crisis.



Source: Yahoo! News: Stock Markets News | 11 Jan 2010 | 3:02 am

Prosecutors mull Rio 'spy' case

China tells Australia that its inquiry into four Rio Tinto mining executives accused of spying is now with prosecutors.
Source: BBC News | Business | World Edition | 11 Jan 2010 | 3:01 am

Bankers Testify In DC, Their Pockets Bulging With Cash

A number of the top bankers from firms including Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), and JP Morgan (NYSE:JPM) will testify before the The Financial Crisis Inquiry Commission which has been charged by Congress to look at the reasons for the credit market collapse in late 2008. The panel’s chairman, Philip Angelides, said “We think it [...]

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Source: 24/7 Wall St. | 11 Jan 2010 | 3:00 am

Hard Rock International Names John Galloway Vice President and Chief Marketing Officer


Source: RSS feed - channel BNewsBusiness | 11 Jan 2010 | 3:00 am

World markets rise amid China export recovery (AP)

A man raise his arm as he looks after a child asleep in a pram at a shopping mall in Beijing, China, Sunday, Jan. 10, 2010. China overtook Germany as the world's top exporter after December exports jumped 17.7 percent for their first increase in 14 months, data showed Sunday, in another sign of China's rise as a global economic force. Chinese state media said Sunday the country's total 2009 exports were $1.2 trillion. (AP Photo/Ng Han Guan)AP - World stock markets rose Monday as news of a surprisingly strong rebound in China's exports last month offset a dismal U.S. jobs report.



Source: Yahoo! News: Stock Markets News | 11 Jan 2010 | 2:54 am

Detroit Auto Show 2010: Less is more

The annual auto show that kicks off here Monday is very much like the auto industry itself: Greatly relieved to not be on death's door.
Source: Business and financial news - CNNMoney.com | 11 Jan 2010 | 2:50 am

Heineken buys Femsa in deal valued $7.6 billion

Dutch brewer Heineken NV says it will buy Mexican brewer Femsa in an all-share deal that values the maker of Dos Equis, Tecate and Sol beers at around $7.6 billion (euro5.3 billion),...
Source: RSS feed - channel BNewsBusiness | 11 Jan 2010 | 2:49 am

Fixing your investment mistakes

Jim and Carol Nelson are living the life they'd like to continue through retirement: combining travel with charitable work. Though Carol still works to maintain health insurance for the couple -- Jim retired from banking in 2003 -- the Nelsons are able to get away two to three times a year to go on missions with their church and Rotary International. Recently they assisted doctors in a poverty-stricken area in Ecuador, following that up with a vacation to the Galápagos Islands.
Source: Business and financial news - CNNMoney.com | 11 Jan 2010 | 2:48 am

Retailers see healthy Christmas

Poundland, the Co-operative Group and House of Fraser report buoyant trading over the Christmas period.
Source: BBC News | Business | World Edition | 11 Jan 2010 | 2:38 am

Blacks plots return to the towns it abandoned

Little more than a fortnight after Blacks Leisure, the owner of Blacks and Millets outdoor clothing stores, agreed to stop paying rent on its 87 closed surf stores, it unveiled plans today for a share issue of up to £20 million to buy back shops in the same towns.


Source: Latest Business News from Times Online | 11 Jan 2010 | 2:36 am

Stock futures signal gains; eyes on Alcoa (Reuters)

Traders work on the floor of the New York Stock Exchange January 8, 2010. REUTERS/Shannon StapletonReuters - U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.52 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.45 percent at 4.15 a.m. EST.



Source: Yahoo! News: Stock Markets News | 11 Jan 2010 | 2:35 am

Stock futures signal gains; eyes on Alcoa

(Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.52 percent, Dow Jones futures up 0.49 percent and Nasdaq 100...
Source: RSS feed - channel BNewsBusiness | 11 Jan 2010 | 2:35 am

Stock futures signal gains; eyes on Alcoa

(Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.52 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.45 percent at 4.15 a.m. EST.

Source: Reuters: Business News | 11 Jan 2010 | 2:35 am

Stock futures signal gains; eyes on Alcoa (Reuters)

Traders work on the floor of the New York Stock Exchange January 8, 2010. REUTERS/Shannon StapletonReuters - U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.52 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.45 percent at 4.15 a.m. EST.



Source: Yahoo! News: Business | 11 Jan 2010 | 2:35 am

Stocks set to kick off the week higher

U.S. stocks were expected to open higher Monday, the start of a week that will see the first of the fourth-quarter corporate results reports.
Source: Business and financial news - CNNMoney.com | 11 Jan 2010 | 2:35 am

Shock at credit card mortgage use

Housing charity Shelter says it is shocked by the number of people using credit cards to help pay mortgages.
Source: BBC News | Business | World Edition | 11 Jan 2010 | 2:26 am

Misys Launches New Solution for Personal Internet Banking


Source: RSS feed - channel BNewsBusiness | 11 Jan 2010 | 2:22 am

'Rio Tinto Four' case turned over to Chinese prosecutors

The case of four executives of Rio Tinto, the Australian mining giant, who stand accused of industrial espionage was turned over to prosecutors today, increasing the likelihood that they will face prison sentences.
Source: Latest Business News from Times Online | 11 Jan 2010 | 2:19 am

China hands over case as jail looms for 'Rio four'

Chinese investigators today concluded their investigation into four executives of Rio Tinto, the Australian mining giant, accused of stealing industrial secrets and turned the case today to prosecutors, increasing the likelihood that they will face jail.


Source: Latest Business News from Times Online | 11 Jan 2010 | 2:19 am

Heineken to buy Mexico's FEMSA for $5.4 billion

AMSTERDAM (Reuters) - Global brewery Heineken NV on Monday said it will buy the beer business of Mexico's FEMSA for 3.8 billion euros ($5.44 billion), giving the Dutch brewer a top position
Source: RSS feed - channel BNewsBusiness | 11 Jan 2010 | 2:17 am

Heineken to buy Mexico's FEMSA for $5.4 billion

AMSTERDAM (Reuters) - Global brewery Heineken NV on Monday said it will buy the beer business of Mexico's FEMSA for 3.8 billion euros ($5.44 billion), giving the Dutch brewer a top position in the Mexican and Brazilian markets.

Source: Reuters: Business News | 11 Jan 2010 | 2:17 am

Heineken to buy Mexico's FEMSA for $5.4 billion (Reuters)

Reuters - Global brewery Heineken NV on Monday said it will buy the beer business of Mexico's FEMSA for 3.8 billion euros ($5.44 billion), giving the Dutch brewer a top position in the Mexican and Brazilian markets.
Source: Yahoo! News: Business | 11 Jan 2010 | 2:17 am

Metals Stocks: Gold futures jump as much as $24 on Globex

Gold futures climb by as much as $24 an ounce to touch their strongest intraday level in more than a month, as a further weakness U.S. dollar and strong trade figures from China lure investors.



Source: MarketWatch.com - Top Stories | 11 Jan 2010 | 2:15 am

Chinese financials lead Asia higher

Asian stock markets ended mostly higher Monday, with Shanghai equities lifted by brokerages after China’s cabinet approved market-reform measures such as the launch of index futures and short-selling.



Source: MarketWatch.com - Top Stories | 11 Jan 2010 | 2:02 am

Heineken to buy Femsa's beer ops for $5.5 billion

Consolidation in the global brewing industry continues on Monday as Heineken emerges as the surprise winner in the battle to buy Femsa Cerveza in a $5.5 billion all-stock deal.



Source: MarketWatch.com - Top Stories | 11 Jan 2010 | 2:02 am

China wraps up investigations into Rio Tinto executives over alleged espionage

Chinese end investigation into alleged espionage but it's not clear whether it will go to trial.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jan 2010 | 2:01 am

Dufry South America Ltd. Relevant Facts


Source: RSS feed - channel BNewsBusiness | 11 Jan 2010 | 2:01 am

Fed unlikely to be swayed by jobs data: Bullard (Reuters)

AmeriChoice recruiter Selene Valdez (R) interviews a job seeker at a New York State Department of Labor recruitment office in New York January 6, 2010. REUTERS/Lucas JacksonReuters - U.S. Federal Reserve monetary policy is unlikely to be pushed off course by December's surprising job losses, a senior Fed official said on Monday.



Source: Yahoo! News: Business | 11 Jan 2010 | 2:00 am

Fed unlikely to be swayed by jobs data: Bullard

SHANGHAI (Reuters) - U.S. Federal Reserve monetary policy is unlikely to be pushed off course by December's surprising job losses, a senior Fed official said on Monday.

Source: Reuters: Business News | 11 Jan 2010 | 2:00 am

London shares lifted by upbeat broker comment

London equities made further progress on Monday, with sentiment lifted by a series of upbeat broker comments on mining and financial stocks, as well as property companies. The FTSE 100 rose 41...
Source: RSS feed - channel BNPaperBusiness | 11 Jan 2010 | 1:59 am

Europe Markets: China, deal news lift Europe stocks

European shares extended this year’s gains on Monday, with miners boosted by more signs of strength in the Chinese economy while deal news helped companies to gain across a range of sectors.



Source: MarketWatch.com - Top Stories | 11 Jan 2010 | 1:57 am

Media Digest 1/11/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   A senior Fed official said the joblessness will not affect rate policy. Reuters:   Shares in China lenders rose causing economic overheating fears. Reuters:   Motorola (NYSE:MOT) says cellphone use for shopping is up. Reuters:   Lawmakers are pressing US Fed on rose in AIG (NYSE:AIG) bailout. Reuters:   GE’s (NYSE:GE) NBC is embarrased by its mistakes with Leno show. Reuters:   Goldman Sachs [...]

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Source: 24/7 Wall St. | 11 Jan 2010 | 1:53 am

Japan fund leaning towards JAL delisting: source

TOKYO (Reuters) - A state-backed fund crafting a restructuring plan for Japan Airlines is leaning toward a delisting of the carrier after it files for bankruptcy, a source with knowledge of the matter said.

Source: Reuters: Business News | 11 Jan 2010 | 1:52 am

China sends Rio case to prosecutors (Reuters)

Reuters - A Chinese investigation into a detained Australian Rio Tinto Ltd executive and three colleagues has been sent to prosecutors, Australia's foreign office and the mining company said on Monday.
Source: Yahoo! News: Business | 11 Jan 2010 | 1:45 am

China sends Rio case to prosecutors

SYDNEY (Reuters) - A Chinese investigation into a detained Australian Rio Tinto Ltd executive and three colleagues has been sent to prosecutors, Australia's foreign office and the mining company said on Monday.

Source: Reuters: Business News | 11 Jan 2010 | 1:45 am

Heineken buys Femsa unit for €3.8bn

The Dutch brewer is buying the beer operations of Mexican conglomerate Femsa, which owns brands such as Dos Equis, Tecate and Sol, in an all-share deal that values the Mexican unit’s equity at €3.8bn
Source: Financial Times - US homepage | 11 Jan 2010 | 1:43 am

London stocks rise at open (AFP)

London's main stock market index hit its highest level since September 2008, when the collapse of US investment bank Lehman Brothers signalled the start of the global economic crisis.(AFP/File/Shaun Curry)AFP - London stocks started higher on Monday as investors appeared hopeful about a global economic recovery.



Source: Yahoo! News: Stock Markets News | 11 Jan 2010 | 1:37 am

Strong Chinese exports boost equities

08:25 GMT. Stocks hit near-16 month highs and industrial commodities rallied on Monday as a surge in Chinese exports boosted optimism towards the global economy. Meanwhile, gold bounced sharply...
Source: RSS feed - channel BNPaperBusiness | 11 Jan 2010 | 1:36 am

Asia Markets And Europe Open (1/11/2010)

Markets in Asia rose. The Nikkei was up 1.1% to 10,799. JAL fell on fears of bankruptcy. The Hang Seng rose .5% to 22,413. The Shanghai Composite rose .5% to 3,213. At the open in Europe, the FTSE was up .7% to 5,572. Rio Tinto (NYSE:RTP) and BHP Billiton (NYSE:BHP) rose. The Dax was up .4% to 6,065. The CAC [...]

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Source: 24/7 Wall St. | 11 Jan 2010 | 1:25 am

BAA warns of turbulence amid poor weather

BAA, the Heathrow and Stansted airport operator, warned today that it was facing a tough 2010 and revealed that fog and snow had deterred 150,000 passengers from its six UK hubs last month.


Source: Latest Business News from Times Online | 11 Jan 2010 | 1:24 am

Heineken acquires Femsa's brewing operations

Heineken, the Dutch brewer, secured its position as a global brewer this morning after announcing the €5.3 billion (£4.8 billion) acquisition of the beer operations of Femsa, the Mexican drinks and retail group behind the Sol and Dos Equis beer brands.


Source: Latest Business News from Times Online | 11 Jan 2010 | 1:08 am

US bank chiefs face grilling as Financial Inquiry seeks epicentre of crisis

The heads of Wall Street's biggest banks will this week be questioned on their role in the financial crisis as the US launches its key investigation into the 2008 collapse.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jan 2010 | 1:00 am

CalPERS to disclose details about intermediaries

The California pension fund is expected to make public hundreds of documents with the names of agents who represent investment funds, the investments they promoted and the fees they were paid.

California's giant public pension fund, racked by criticism for the way it has managed a $205-billion portfolio, is preparing to disclose new details about the financial middlemen who play a little-understood and lucrative role in pension investing.



Source: L.A. Times - Business | 11 Jan 2010 | 1:00 am

You can thank Arthur Rosenfeld for energy savings

He has been a driving force in making the state a global leader in efficiency. This week, the 83-year-old nuclear physicist will leave his post on the California Energy Commission.

When octogenarian Arthur H. Rosenfeld vacates his utilitarian office at the California Energy Commission this week, one of his final tasks might seem of little consequence: He'll turn off the lights.



Source: L.A. Times - Business | 11 Jan 2010 | 1:00 am

Prime time for CBS movie bet?

The fledgling CBS Films seeks success even as industry challenges have driven several small and mid-size movie companies out of the business. Its first offering is due to hit theaters Jan. 22.

CBS Films' first movie is the upcoming Harrison Ford drama "Extraordinary Measures."



Source: L.A. Times - Business | 11 Jan 2010 | 1:00 am

Most original news reporting comes from traditional sources, study finds

Ninety-five percent of Baltimore stories with fresh information came from 'old media,' the vast majority from newspapers, a survey funded by the Pew Research Center says.

As the number of sources for news proliferates on digital platforms, most original reporting still comes from newspapers, television and radio.



Source: L.A. Times - Business | 11 Jan 2010 | 1:00 am

Wall Street is shifting to safer stocks

Investors are favoring utilities, telecommunication, healthcare and large-cap companies as the bull market matures.

The stock market rally is aging, and the surest sign is that investors are migrating to stocks that missed out on 2009's big run.



Source: L.A. Times - Business | 11 Jan 2010 | 1:00 am

Environmental groups try to block parts of California's green building code

The Sierra Club and Natural Resources Defense Council are among six groups waging a last-minute campaign to derail some of the rules, saying they aren't tough enough.

Environmental groups are mounting a last-ditch effort to derail key elements of the state's first-in-the-nation green building code -- a major initiative of Gov. Arnold Schwarzenegger's administration.



Source: L.A. Times - Business | 11 Jan 2010 | 1:00 am

Solid earnings reports are anticipated

Growing corporate profits would fuel the stock-market rally. Any increase in average quarterly earnings would be the first year-over-year gain since late 2007. ...
Source: RSS feed - channel BNPaperBusiness | 11 Jan 2010 | 1:00 am

'Avatar' is tops at the box office again

The James Cameron epic raises its domestic gross to $429 million over the weekend. The vampire film 'Daybreakers' has a strong debut, while 'Leap Year' and 'Youth in Revolt' open soft.

"Avatar" has become a must-see movie, especially in 3-D.



Source: L.A. Times - Business | 11 Jan 2010 | 1:00 am

Weekend Box-Office Results


Source: RSS feed - channel BNPaperBusiness | 11 Jan 2010 | 1:00 am

Environmental groups try to block parts of California's green building code

The Sierra Club and Natural Resources Defense Council are among six groups waging a last-minute campaign to derail some of the rules, saying they aren't tough enough. ...
Source: RSS feed - channel BNPaperBusiness | 11 Jan 2010 | 1:00 am

Most original news reporting comes from traditional sources, study finds

Ninety-five percent of Baltimore stories with fresh information came from 'old media,' the vast majority from newspapers, a survey funded by the Pew Research Center says. ...
Source: RSS feed - channel BNPaperBusiness | 11 Jan 2010 | 1:00 am

For sail: 200 homes on a cruise ship

About half of the cabins on the $1.1-billion Utopia, set to launch in 2013, will be offered as permanent residences ranging from about $3.7 million to $26 million.

In the worst economic storm in decades, a Beverly Hills company has an ambitious plan to build a $1.1-billion cruise ship, set to cast off in 2013. But instead of offering four- or five-day excursions as typical cruise lines do, the business plans to sell half the cabins as floating homes.



Source: L.A. Times - Business | 11 Jan 2010 | 1:00 am

You can thank Arthur Rosenfeld for energy savings

He has been a driving force in making the state a global leader in efficiency. This week, the 83-year-old nuclear physicist will leave his post on the California Energy Commission. ...
Source: RSS feed - channel BNPaperBusiness | 11 Jan 2010 | 1:00 am

Wall Street is shifting to safer stocks

Investors are favoring utilities, telecommunication, healthcare and large-cap companies as the bull market matures. ...
Source: RSS feed - channel BNPaperBusiness | 11 Jan 2010 | 1:00 am

Solid earnings reports are anticipated

Growing corporate profits would fuel the stock-market rally. Any increase in average quarterly earnings would be the first year-over-year gain since late 2007.

The stock market has begun the new year with a good start -- and investors are looking to corporate profit reports that will start coming out today to give the nascent rally some legs.



Source: L.A. Times - Business | 11 Jan 2010 | 1:00 am

For sail: 200 homes on a cruise ship

About half of the cabins on the $1.1-billion Utopia, set to launch in 2013, will be offered as permanent residences ranging from about $3.7 million to $26 million. ...
Source: RSS feed - channel BNPaperBusiness | 11 Jan 2010 | 1:00 am

Peter Brimelow: Letter up 230% last year without trading

Over the past 12 months, the Equities Special Situations letter was up an astonishing 230.4% without making a single trade. Was it luck or did it strike a major trend?



Source: MarketWatch.com - Top Stories | 11 Jan 2010 | 1:00 am

Blacks Leisure 'begins recovery'

Outdoor clothing retailer Blacks Leisure says it is on a "much stronger footing" after the Christmas trading period.
Source: BBC News | Business | World Edition | 11 Jan 2010 | 12:58 am

Dragons' Den truffle grower hopes to unearth profit after five years' cultivation

When Paul Thomas appeared on the first series of Dragons' Den four years ago he asked a lot of the Dragons.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jan 2010 | 12:58 am

The economic week ahead: January 11, 2010

On Tuesday the British Retail Consortium (BRC) is expected to report a relatively strong rise in retail sales in December, compared with the same month a year earlier.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jan 2010 | 12:43 am

Asia stocks hit 17-month high on China export surge (Reuters)

An employee of the Korea Exchange Bank counts one hundred dollar notes at the bank's headquarters in Seoul January 6, 2010. REUTERS/Choi Bu-SeokReuters - Asian stocks hit a 17-month high on Monday as a strong rebound in China's exports raised investor optimism about Asia's economies while the dollar suffered its biggest loss in six weeks after poor U.S. jobs data.



Source: Yahoo! News: Stock Markets News | 11 Jan 2010 | 12:40 am

Currencies: Dollar continues to slump on dovish rate comments

The U.S. dollar continues its slump, as a Federal Reserve official’s dovish comments adds fresh pressure to the unit.



Source: MarketWatch.com - Top Stories | 11 Jan 2010 | 12:37 am

The Bouncy, Happy business of trampoline sales

One of the primary drivers for Patrick Polglase and his Australian wife, Pen, to start their own businesses was the desire to work from home
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jan 2010 | 12:36 am

Tesco targets China with new Lifespace shopping centre developments

Tesco has continued its assault on China with the opening of a 30,000 sq m "Lifespace" shopping centre in Qingdao.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jan 2010 | 12:12 am

Ecclestone, Genii gather cash for Saab bid: report

STOCKHOLM (Reuters) - Formula One supremo Bernie Ecclestone and investment company Genii Capital will soon have initial financing to show GM they can fund a purchase of carmaker Saab, daily Dagens Industri wrote on Monday.

Source: Reuters: Business News | 10 Jan 2010 | 11:59 pm

The Fed: Fed's Bullard says rates to stay low for some time

St. Louis Fed chief James Bullard says U.S. interest rates may remain low for 'quite some time,' with the remarks helping to pull the dollar lower against its currency rivals.



Source: MarketWatch.com - Top Stories | 10 Jan 2010 | 11:57 pm

Airport lower, but Infratil higher

Shares in Auckland Airport fell today on news of an investment in Australia while shares in Infratil rose on news of a divestment in Australia.Overall the benchmark NZX-50 index closed down 6.477 points, or 0.196 per cent, at...
Source: nzherald.co.nz - Business | 10 Jan 2010 | 11:53 pm

Angry Icelanders back President Grimsson's decision to block Icesave deal

Two-thirds of Icelanders believe their president was right to block the controversial deal forcing them to pay Britain £2.3bn plus interest in compensation for the failure of Icesave bank accounts.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jan 2010 | 11:53 pm

Danish telecoms operator TDC eyes stock market listing

Danish telecommunications operator TDC has lined up a powerful set of bankers to advise it on a possible market listing.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jan 2010 | 11:45 pm

Wind farms produced 'practically no electricity' during Britain's cold snap

Wind farms produced "practically no electricity" during the cold snap which manufacturers' groups say could lead to severe winter energy shortages.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jan 2010 | 11:39 pm

Citigroup replaces head of Japan operations

Citigroup’s top manager in Japan, Douglas Peterson, will return to a job in New York after overseeing the financial giant’s sale of Japanese assets.



Source: MarketWatch.com - Top Stories | 10 Jan 2010 | 11:16 pm

John Prestbo's Indexed Investor: Deflating the case for inflation-adjusted returns

A mild tempest in a teapot is brewing about measuring stock-market returns on an inflation-adjusted basis. As you will see, it is a controversy with implications for how investors judge success (or lack thereof).



Source: MarketWatch.com - Top Stories | 10 Jan 2010 | 10:51 pm

Aust job ads grow quickly in December

The number of jobs advertised in major Australian newspapers and online rose by 6 per cent in December, the strongest monthly growth in two-and-a-half years.Overall job ads averaged 149,063 a week, with newspaper job ads rising...
Source: nzherald.co.nz - Business | 10 Jan 2010 | 9:45 pm

Rusal executives ready to woo London investors

Executives from UC Rusal, the titanic Russian aluminium group controlled by Oleg Deripaska, will descend on London soon to woo investors with stories of greener cars, Chinese city traffic and the “stranded electricity” of eastern Siberia.


Source: Latest Business News from Times Online | 10 Jan 2010 | 9:35 pm

Driving the Volt past the limit

Drained of its battery power, the Volt finally reveals how it performs when running on gasoline.
Source: Business and financial news - CNNMoney.com | 10 Jan 2010 | 8:55 pm

Forte in talks to buy Shanghai property from Goldman

SHANGHAI (Reuters) - Chinese property developer Shanghai Forte Land Co Ltd is in talks to buy a high-end residential property in Shanghai from Goldman Sachs in a deal worth more than $200 million, two people familiar with the situation said.

Source: Reuters: Business News | 10 Jan 2010 | 8:48 pm

Goldman weighs expanding charity program

NEW YORK (Reuters) - Goldman Sachs Group Inc may expand a program that would require executives to give a part of their pay to charity, as it looks to cool public anger over compensation, the New York Times reported on Sunday.

Source: Reuters: Business News | 10 Jan 2010 | 8:25 pm

China edges out Germany to become world's biggest exporter

Already the biggest car market and steel maker, China edged past Germany in 2009 to become the top exporter, yet another sign of its rapid rise and the spread of economic power from West to East.Total 2009 exports were more than...
Source: nzherald.co.nz - Business | 10 Jan 2010 | 8:00 pm

Infratil books gain and Energy Developments sale

Infratil will record a $94 million gain on the sale of its holding in Australian company Energy Developments Ltd and says it is looking for new opportunities in the Australian energy sector.Infratil has sold its 32.47 per cent...
Source: nzherald.co.nz - Business | 10 Jan 2010 | 7:30 pm

24/7 Wall St.’s Corporate Power Rankings

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined be earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introdutions, management strength and changes, and credible rumors. The Corporate Power Rankings will be released at midnight on each Sunday based on performance during the previous [...]

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Source: 24/7 Wall St. | 10 Jan 2010 | 7:18 pm

Jay Leno to move back to NBC's late night

NBC host Jay Leno is going back to late nights after a low-rated, three-month experiment in prime time, the network announced Sunday.
Source: Business and financial news - CNNMoney.com | 10 Jan 2010 | 6:30 pm

Detroit motor show goes electric

Electric cars are set take centre stage as Detroit tries to reinvent itself as a centre for automotive technologies.
Source: BBC News | Business | World Edition | 10 Jan 2010 | 6:20 pm

China’s exports rise as economy picks up

China’s exports rose in December for the first time in 14 months, increasing the likelihood that the Beijing government will restart the appreciation of the renminbi
Source: Financial Times - US homepage | 10 Jan 2010 | 6:13 pm

Auckland Airport buys stake in Queensland airports

Auckland International Airport is buying a strategic 24.55 per cent in North Queensland's Cairns and Mackay airports in a bid to pull more Asian-sourced tourists to New Zealand and ramp up New Zealand travel to Australia's popular...
Source: nzherald.co.nz - Business | 10 Jan 2010 | 5:30 pm

Chris Evans could lose one million listeners on Radio 2 show, BBC fears

Chris Evans will lose as many as one million of Terry Wogan’s listeners when he takes over the Radio 2 breakfast show this morning, BBC executives fear.
Source: Latest Business News from Times Online | 10 Jan 2010 | 5:01 pm

Lowe’s clothes help put Peacocks on fashion high

A successful start to its collaboration with Pearl Lowe, the musician-turned-fashion designer, helped Peacocks, the fashion value retailer, to solid Christmas trading.


Source: Latest Business News from Times Online | 10 Jan 2010 | 5:01 pm

House of Fraser celebrates Christmas cheer

Surging sales of own-label brands helped House of Fraser, the UK’s third-biggest department store group, to a strong Christmas.


Source: Latest Business News from Times Online | 10 Jan 2010 | 5:01 pm

TUC gets millions from government foreign aid pot

The Government is giving the Trades Union Congress millions of pounds from its foreign aid budget to pay for the education of British trade unionists and to support advocacy work in Britain.


Source: Latest Business News from Times Online | 10 Jan 2010 | 5:01 pm

More than a wharf needed to encourage cruise ships

For 17 days last year, up to 2000 passengers got off their luxury liner and stepped onto a wharf with a tin shed and little in the way of basic services.Welcome to New Zealand and Auckland's Queen's Wharf - party central for the...
Source: nzherald.co.nz - Business | 10 Jan 2010 | 5:00 pm

Rise in gas-fired stations raises supply concerns

A steep increase in the number of gas-fired power stations has been approved by the UK government, raising fears about the growing pressure on future gas supplies
Source: Financial Times - US homepage | 10 Jan 2010 | 4:49 pm

Russian oligarchs plan London listings

A group of Russian oligarchs are priming their companies for multi-billion dollar London listings in a sign the City remains the favoured financial centre for the country’s tycoons as they try to rebuild fortunes devastated by the crisis
Source: Financial Times - US homepage | 10 Jan 2010 | 4:32 pm

Green Business: Commonsense Organics growing strong

Owners of Wellington stores Commonsense Organics are expanding their business and believe organic foodstuffs can now be properly considered an essential rather than a luxury.Co-owner
Source: nzherald.co.nz - Business | 10 Jan 2010 | 4:30 pm

Chavez warns price 'speculators'

Venezuela's President Chavez says troops will seize control of any business raising prices after the country's currency was devalued.
Source: BBC News | Business | World Edition | 10 Jan 2010 | 4:01 pm

Hubbard unites key investments under Southbury

Businessman Allan Hubbard has put his three key investments together under new parent holding company Southbury Corporation.The joining of South Canterbury Finance, Helicopters, and Scales Corporation had produced one of the most...
Source: nzherald.co.nz - Business | 10 Jan 2010 | 4:00 pm

Share market opens lower

Shares in Auckland Airport fell when the New Zealand sharemarket opened for the week, after the company announced a deal to buy stakes in Cairns and Mackay airports in Queensland.Auckland Airport's share price was down 5c, or...
Source: nzherald.co.nz - Business | 10 Jan 2010 | 3:58 pm

3 kids...and $150,000 in debt


Source: Business and financial news - CNNMoney.com | 10 Jan 2010 | 3:58 pm

10 of the coolest gadgets for '10


Source: Business and financial news - CNNMoney.com | 10 Jan 2010 | 3:55 pm

Guardian owner forced to inject cash into Emap

Guardian Media Group and private equity firm Apax have been forced to inject new money into Emap, their jointly owned business publisher.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jan 2010 | 3:53 pm

US commercial property attracts new wave of money

The beleaguered US commercial real estate sector has been attracting a new wave of money from sources including foreign banks, US private equity firms, and a leading Chinese sovereign wealth fund
Source: Financial Times - US homepage | 10 Jan 2010 | 3:35 pm

US banks braced for bonus backlash

Goldman Sachs, JPMorgan Chase and other big banks are bracing for a renewed public and political backlash against their compensation plans as they prepare to unveil multi-billion dollar bonus packages
Source: Financial Times - US homepage | 10 Jan 2010 | 3:32 pm

China banks eclipse US rivals

Chinese banks have cemented their position as the most highly valued financial institutions, taking four of the top five slots in a ranking of banks’ share prices as a multiple of their book values
Source: Financial Times - US homepage | 10 Jan 2010 | 3:32 pm

House prices end year only 4.9pc off late-2007 peak

Nationwide house values ended 2009 just 4.9 per cent below the late-2007 peak, having been as much as 9.6 per cent below the peak last April, QV's residential index for December shows.While the recovery was led by the urban centres,...
Source: nzherald.co.nz - Business | 10 Jan 2010 | 3:00 pm

Earnings, outlooks hold key for stocks (Reuters)

Traders work on the floor of the New York Stock Exchange January 8, 2010. REUTERS/Shannon StapletonReuters - U.S. stocks could be in for a bumpy ride this week as three Dow components kick off the quarterly earnings reporting season, with investors clamoring for reassurances on future profits.



Source: Yahoo! News: Stock Markets News | 10 Jan 2010 | 2:51 pm

Gas prices edge close to $3

Prices at the pump have jumped 14 cents over the past few weeks, working their way closer to the $3 mark, according to a survey published Sunday.
Source: Business and financial news - CNNMoney.com | 10 Jan 2010 | 2:28 pm

“Avatar” Becomes No.2 Film In History Of The Universe

It seems inevitable that movies about odd aliens, supernatural events, and bizarre figments of writers’ imaginations rise weightlessly to the top of box office receipt lists. “Avatar” became the No.2 grossing film of all time on a worldwide basis as it moved above various versions of “Star Wars”, “Harry Potter”, “Lord of the Rings”, and “Jurassic Park”. ”Titanic”, still the top [...]

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Source: 24/7 Wall St. | 10 Jan 2010 | 1:20 pm

Bull market grows up (AP)

FILE - In this Jan. 27, 2009 file photo, a customer reaches for a bottle of Tide detergent, a Proctor & Gamble product, at a Target Department Store in Tallahassee, Fla. The best-performing categories for the past two months were utilities, telecom, health care and high-quality stocks such as Procter & Gamble Co. and AT&T Inc. (AP Photo/Phil Coale, File)AP - The stock market rally is aging, and the surest sign is that investors are migrating to stocks that missed out on 2009's big run.



Source: Yahoo! News: Stock Markets News | 10 Jan 2010 | 12:13 pm

Air industry attacks security crackdown

Asian airlines and European airport operators have attacked new security measures imposed after the botched Detroit bombing attempt as an ill-judged “operational nightmare” costing €50,000 a week
Source: Financial Times - US homepage | 10 Jan 2010 | 12:10 pm

Cadbury prepares for final defence

The UK confectioner plans to release robust 2009 sales and profit figures as it steps up its defence against a £10.5bn hostile takeover bid from Kraft, the US food conglomerate
Source: Financial Times - US homepage | 10 Jan 2010 | 11:57 am

Hand of al-Qaeda seen in attack on CIA

Video of a suicide bomber who staged a deadly attack on a Central Intelligence Agency base in Afghanistan serves as a warning that enhanced co-operation between al-Qaeda inspired militants poses a threat to US forces in Afghanistan, analysts say
Source: Financial Times - US homepage | 10 Jan 2010 | 10:16 am

High voltage

Detroit motor show plans for an electric US car industry
Source: BBC News | Business | World Edition | 10 Jan 2010 | 9:42 am

Got $88,000? Sail Richard Branson's yacht


Source: Business and financial news - CNNMoney.com | 10 Jan 2010 | 6:15 am

Hope For Global Economy As China Exports Surge

China’s exports increased at an unexpectly rapid pace, up 18% in December compared to the same month in 2008. One economist told Reuters that the data mean that China’s GDP rose 11% in the last quarter of 2009 and that factory production was probably up 25% in December. The more startling news from China is that imports [...]

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Source: 24/7 Wall St. | 10 Jan 2010 | 5:49 am

Cable will cost you even more

Your cable bill is going up this year -- and next year, and the year after that -- with no end in sight.
Source: Business and financial news - CNNMoney.com | 10 Jan 2010 | 5:44 am

China overtakes Germany as biggest exporter

The 2009 data reflect the ability of its low-cost manufacturers to keep selling abroad despite the global economic downturn.

BEIJING — China overtook Germany as the world's biggest exporter after exports rose in December for the first time in 14 months, data showed today, in a new sign of the rapid Chinese rise as a global economic force.



Source: L.A. Times - Business | 10 Jan 2010 | 4:31 am

China 'becomes largest exporter'

Chinese exports rose 17.7% in December, suggesting it has overtaken Germany as the world's largest exporter, say reports.
Source: BBC News | Business | World Edition | 10 Jan 2010 | 3:05 am