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Barons of Wall Street to face U.S. crisis panelWASHINGTON (Reuters) - The chief executives of Wall Street's biggest firms, swimming in bonuses but sinking fast in public esteem, will troop to Capitol Hill on Wednesday to face questioning about the global financial crisis.Source: Reuters: Business News | 13 Jan 2010 | 3:24 am Barons of Wall Street to face U.S. crisis panel (Reuters)Reuters - The chief executives of Wall Street's biggest firms, swimming in bonuses but sinking fast in public esteem, will troop to Capitol Hill on Wednesday to face questioning about the global financial crisis.Source: Yahoo! News: Business | 13 Jan 2010 | 3:24 am The best-kept tax secret for small businessesFor two years, Dr. James Smouse of Atlanta Oral and Facial Surgery tried to convince his younger partners to participate in a cash balance pension plan, a unique defined-benefit plan that offers business owners the opportunity to make hefty, tax-deferred contributions toward their retirement savings. But until the recession hit, they weren't interested.Source: Business and financial news - CNNMoney.com | 13 Jan 2010 | 3:20 am The Administration Claims Stimulus Saved Two Million JobsWhen the Administration fought to get a $787 billion stimulus package from Congress early last year, it committed itself to using the money to create or save 3.5 million American jobs. The White House claim that it has already rescued 2 million people who would have been out of work without its efforts. Christina Romer, head [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Jan 2010 | 3:20 am Google 'may end China operations'Internet giant Google says it may end operations in China after hackers targeted Chinese human rights activists' e-mail accounts.Source: BBC News | Business | World Edition | 13 Jan 2010 | 3:17 am Stock futures point to higher Wall Street open(Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones Industrial Average and Nasdaq 100 up 0.1 to 0.3 percent.Source: Reuters: Business News | 13 Jan 2010 | 3:15 am Stock futures point to higher Wall Street open(Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones Industrial Average and Nasdaq 100 up 0.1 to 0.3...Source: RSS feed - channel BNewsBusiness | 13 Jan 2010 | 3:15 am Stock futures point to higher Wall Street open (Reuters)
Source: Yahoo! News: Business | 13 Jan 2010 | 3:15 am Stock futures point to higher Wall Street open (Reuters)
Source: Yahoo! News: Stock Markets News | 13 Jan 2010 | 3:15 am China regulator seeks halt to mortgage commissionsChinese banking regulators direct the nation’s lenders to halt the practice of providing commissions to real estate agents for introducing mortgage customers, representing the latest effort to by central planners to rein in the surging property market, according to reports.
Source: MarketWatch.com - Top Stories | 13 Jan 2010 | 3:15 am Obama to announce bank fee planPresident Barack Obama, looking to recoup billions in expected losses from the Troubled Asset Relief Program, will announce a plan Thursday to impose fees on the country's biggest financial institutions, a senior administration official told CNN.Source: Business and financial news - CNNMoney.com | 13 Jan 2010 | 3:12 am Thousands feared dead in Haiti quakeA major earthquake rocked Haiti, killing possibly thousands of people as it toppled the presidential palace and hillside shanties alike and leaving the poor Caribbean nation appealing for international helpSource: Financial Times - US homepage | 13 Jan 2010 | 3:10 am Japan Airlines gets new CEO as bankruptcy loomsTOKYO (Reuters) - Kazuo Inamori, the founder of electronics maker Kyocera Corp, agreed on Tuesday to become the new chief executive of Japan Airlines, as the carrier's shares plunged ahead of its expected bankruptcy.Source: Reuters: Business News | 13 Jan 2010 | 3:07 am JAL plunges 81%; Kyocera's Inamori tapped for CEOTOKYO (MarketWatch) - Shares of Japan Airlines plunged 81% in Tokyo Wednesday to a record low 7 yen (8 U.S. cents), falling for the second straight day by their daily trading limit, as investors factored in growing likelihood that the ailing carrier's restructuring will involve bankruptcy.
Source: MarketWatch.com - Top Stories | 13 Jan 2010 | 3:05 am London Markets: Oil majors keep British share gains in checkRoyal Dutch Shell shares are lower in London on Wednesday, dragging on the top British share index, after a broker downgrade for the oil major.
Source: MarketWatch.com - Top Stories | 13 Jan 2010 | 3:04 am Fears of Chinese tightening weigh on world stocksGlobal market overview: Chinese stocks lead Asian bourses sharply lower as the region reacts to Beijing’s move to tighten capital requirements in the banking sector, raising fears trade could be hitSource: Financial Times - US homepage | 13 Jan 2010 | 3:02 am Cashbox wins Fuller's supply contractCashbox, the cash machine operator that has just completed a debt refinancing, has won a supply contract with Fuller, Smith & Turner, the London brewer and pub operator. Source: Latest Business News from Times Online | 13 Jan 2010 | 2:57 am Asian stocks knocked back on China tightening moveAsian stock markets end lower Wednesday as the Chinese central bank's move a day earlier to rein in excessive credit creation raises concerns that further monetary tightening measures may be on the anvil.
Source: MarketWatch.com - Top Stories | 13 Jan 2010 | 2:56 am Stocks set for tepid startU.S. stock futures drifted higher early Wednesday, as investors prepared to tiptoe back into the market after the previous session's losses.Source: Business and financial news - CNNMoney.com | 13 Jan 2010 | 2:51 am IMF launches mission to debt-stricken GreeceA team of International Monetary Fund experts on Wednesday launched a week-long mission to debt-stricken Greece to advise the government on how to overcome its financial crisis, the financeSource: RSS feed - channel BNewsBusiness | 13 Jan 2010 | 2:46 am Société Générale issues profit warningFrench lender issues a profit warning after taking a new hit of €1.4bn from collateralised debt obligations and credit default swapsSource: Financial Times - US homepage | 13 Jan 2010 | 2:43 am German economy contracts 5 percent in 2009Germany's economy contracted 5 percent in 2009 amid the global economic downturn, by far its worst performance since World War II, official data showed Wednesday. The figure published bySource: RSS feed - channel BNewsBusiness | 13 Jan 2010 | 2:42 am Google to defy China over censorshipGroup cites evidence of attempts to break into Gmail and ploys to trick human rights activists around the world to access their emailSource: Financial Times - US homepage | 13 Jan 2010 | 2:38 am German economy shrank 5% in 2009The German economy shrank by 5% in 2009, hit by a slump in exports and investment, official data shows.Source: BBC News | Business | World Edition | 13 Jan 2010 | 2:29 am Obama, congressional Democrats meeting on health (AP)
Source: Yahoo! News: Business | 13 Jan 2010 | 2:25 am N Brown says bad debts stabiliseN Brown, the home shopping group that acquired the High & Mighty brand in September, today reported a stabilising of customer bad-debt levels in the latest sign that the worst of the recession may be over. Source: Latest Business News from Times Online | 13 Jan 2010 | 2:23 am Currencies: Dollar gets lift from Plosser, German dataThe dollar gets a lift against the euro Wednesday after data shows Germany’s economy shrank more than expected in 2009, building on an earlier rise after a U.S. Federal Reserve official’s hawkish rate remarks.
Source: MarketWatch.com - Top Stories | 13 Jan 2010 | 2:20 am Bank bosses face grilling over crisisAs lawmakers start trickling back to Washington, a panel tasked with investigating the financial crisis is set to make its first big splash.Source: Business and financial news - CNNMoney.com | 13 Jan 2010 | 2:19 am Economic Report: Germany's economy shrank 5% in 2009FRANKFURT (MarketWatch) -- Germany's economy shrank 5% in 2009, posting its biggest contraction since the Second World War, as demand for its exports -- historically a major driving force of growth - plummeted, official preliminary data showed on Wednesday.
Source: MarketWatch.com - Top Stories | 13 Jan 2010 | 2:18 am Head of NI drugs giant Almac diesThe prominent industrialist and philanthropist Sir Allen McClay dies in the US after a short illness.Source: BBC News | Business | World Edition | 13 Jan 2010 | 2:15 am World markets fall as China curbs lendingWorld stock markets retreated Wednesday as China's move to curb its torrent of bank lending spurred fears of slower economic recoveries in other countries. Losses were heaviest in Hong...Source: RSS feed - channel BNewsBusiness | 13 Jan 2010 | 2:15 am World markets fall as China curbs lending (AP)
Source: Yahoo! News: Stock Markets News | 13 Jan 2010 | 2:15 am China, disappointing earnings hit equities (Reuters)
Source: Yahoo! News: Stock Markets News | 13 Jan 2010 | 2:14 am Short Sellers Increase Bets Against Apple (AAPL), Citigroup (C)Short sellers sharply increased their bets against two of America’s most widely followed stocks. Shares sold short in Citigroup (NYSE:C) rose 36% to 381 million. The short interest in Apple (NASDAQ:AAPL) rose 34% to 15.6 million. Among Nasdaq stocks, other significant changes included a 13% increase in shares sold short in Nvidia (NASDAQ:NVDA) and 11% increase in the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Jan 2010 | 2:14 am Health care: A 'goldmine' for fraudstersThere's a group of people who really love the U.S. health care system -- the fraudsters, scammers and organized criminal gangs who are bilking the system of as much as $100 billion a year.Source: Business and financial news - CNNMoney.com | 13 Jan 2010 | 2:13 am SocGen profit almost wiped out by $2 bln chargeShares in Societe Generale sink as much as 6% Wednesday after the French bank warns that it will take another 1.4 billion euros ($2.02 billion) of charges on risky mortgage assets, virtually wiping out its profit for the fourth quarter.
Source: MarketWatch.com - Top Stories | 13 Jan 2010 | 2:12 am Google threatens to quit ChinaGoogle said Tuesday that it may leave China and shut down its strictly monitored site there, Google.cn, citing censorship rules and a targeted cyber attack on its network infrastructure.Source: Business and financial news - CNNMoney.com | 13 Jan 2010 | 2:08 am Rejecting censorship, Google threatens to quit ChinaSHANGHAI/SAN FRANCISCO (Reuters) - Google Inc threatened to quit China, the world's biggest Internet market, warning it would no longer tolerate strict censorship of its Google.cn search engine.Source: Reuters: Business News | 13 Jan 2010 | 2:08 am Rejecting censorship, Google threatens to quit China (Reuters)Reuters - Google Inc threatened to quit China, the world's biggest Internet market, warning it would no longer tolerate strict censorship of its Google.cn search engine.Source: Yahoo! News: Business | 13 Jan 2010 | 2:08 am Sony delays Gran Turismo 5 gameSony has announced an indefinite delay to the Japanese launch of Gran Turismo 5 (GT5), the latest instalment of a massively complex and popular driving simulation game thought to have cost more than $60 million ($£37 million) to develop and for which fans have been waiting in vain for years. Source: Latest Business News from Times Online | 13 Jan 2010 | 2:06 am GM's China sales may eclipse U.S. soonChinese consumers bought more automobiles last year than Americans did for the first time. General Motors thinks that it won't be long before it too will sell more cars in China than in its home market.Source: Business and financial news - CNNMoney.com | 13 Jan 2010 | 2:04 am ECB rates on hold, bank wrestles with Greek debtThe European Central Bank will keep its key interest rate at a record low of 1.0 percent on Thursday, analysts say, as ECB president Jean-Claude Trichet wrestles with questions on the GreekSource: RSS feed - channel BNewsBusiness | 13 Jan 2010 | 2:04 am UPDATE 5-Rejecting censorship, Google threatens to quit China* To discuss unfiltered search engine with Chinese govtSource: RSS feed - channel BNewsBusiness | 13 Jan 2010 | 2:02 am Mundus Group Subsidiary, AirStar Introduces Green All Electric UAV Product Line in Response to Requests From Major Nature and Environmental Documentary CompaniesSource: RSS feed - channel BNewsBusiness | 13 Jan 2010 | 2:00 am Europe Markets: Miners help European shares to small gainsEuropean shares edge higher on Wednesday, as gains for miners offset weakness in the banking sector after French bank Societe Generale takes another hefty writedown on its mortgage assets.
Source: MarketWatch.com - Top Stories | 13 Jan 2010 | 2:00 am China keeps focus on property; markets fear tighter moneyBEIJING (Reuters) - China renewed its vow to curb runaway property prices and keep a watch on excessive lending, while investors rushed to cut exposure to risk on Wednesday, a day after the central bank tightened bank reserve requirements.Source: Reuters: Business News | 13 Jan 2010 | 1:58 am China keeps focus on property; markets fear tighter moneyBEIJING (Reuters) - China renewed its vow to curb runaway property prices and keep a watch on excessive lending, while investors rushed to cut exposure to risk on Wednesday, a day after theSource: RSS feed - channel BNewsBusiness | 13 Jan 2010 | 1:58 am Media Digest 1/13/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: Google (NASDAQ:GOOG) may leave China due to attempts to hack into its service there. Reuters: Oil dropped below $80 on US inventory news. Reuters: China markets fear tighter money policies from the government Reuters: The White House says stimulus as saved two million jobs. Reuters: An executive at Goldman Sachs (NYSE:GS) said the bank made money trading against [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Jan 2010 | 1:58 am Google draws line in the sandBy declaring it will no longer censor results on Google.cn, the company marks a dramatic retreat over a point of principle that has long bedevilled the companySource: Financial Times - US homepage | 13 Jan 2010 | 1:53 am Societe Generale issues profits warningSociete Generale issued a profit warning on Wednesday after the French bank, which suffered a record trading loss in 2008, took a new hit of €1.4bn (£1.25bn) from risky assets.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 13 Jan 2010 | 1:52 am Asia markets fall as China moves to curb creditFears that the global recovery may lose steam weighed on Asian shares Wednesday as China moved to curb its credit boom and Wall Street's earnings season got off to a weak start. Tokyo...Source: RSS feed - channel BNewsBusiness | 13 Jan 2010 | 1:46 am Greggs has good Christmas but big freeze poses 'a challenge'Greggs, the British baker, posted Christmas sales in line with expectations and forecast 2009 results in line with hopes but said snow and sub-zero temperatures meant a tough start to 2010.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 13 Jan 2010 | 1:41 am SocGen warns of €1.4bn hit on toxic debtSociété Générale, second-largest bank in France, warned today that fourth-quarter profits would be hit by a €1.4 billion (£1.25 billion) writedown of toxic debt as the value of its investments in US housing loans collapsed further. Source: Latest Business News from Times Online | 13 Jan 2010 | 1:38 am Google unlikely to win concessions from BeijingGoogle's surprise announcement that it may withdraw from China after four years of operations is unlikely to win the search giant any concessions from Beijing censors, though its immediate impact on the Web giant's bottom line may be similarly limited.
Source: MarketWatch.com - Top Stories | 13 Jan 2010 | 1:34 am IMF begins mission to debt-stricken GreeceA team of International Monetary Fund experts embarked Wednesday on a week-long mission to help debt-stricken Greece overcome its financial crisis, the finance ministry said. "The...Source: RSS feed - channel BNewsBusiness | 13 Jan 2010 | 1:31 am Asia Markets And Europe Open (1/13/2010)Markets in Asia fell sharply. The Nikkei dropped 1.3% to 10,735. Toyota (NYSE:TM) fell. The Hang Seng was off 2.6% to 21,749. The Shanghai Composite fell 3.1% to 3,173. At the open in Europe, the FTSE was off .5% to 5,474. The Dax was down .1% to 5,939. The CAC 40 dropped .3%. Data from Reuters and MarketWatch. Douglas A. McIntyre Posted [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 13 Jan 2010 | 1:27 am Greggs bakery sees rise in salesBakery chain Greggs says it had a strong Christmas performance, selling more than a million mince pies a week.Source: BBC News | Business | World Edition | 13 Jan 2010 | 1:00 am Ferrero set to abandon Cadbury bid interestFerrero, the Italian maker of Kinder chocolate eggs and Nutella spreads, looks set to rule itself out of the bid battle for Cadbury, strengthening Kraft's chances of sealing a £10.5 billion-plus takeover. Source: Latest Business News from Times Online | 13 Jan 2010 | 1:00 am Can Citi trump Goldman in 2009 bonus round?This bonus season, would you rather be a banker at Goldman Sachs or Citigroup?Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 13 Jan 2010 | 1:00 am A scam that hits the jackpot for stupidity offers valuable lessonsThese guys have to be some of the dumbest scammers ever. But their ploy is so brazen -- and so potentially attractive in these tough economic times -- you could just see it succeeding.
Source: L.A. Times - Business | 13 Jan 2010 | 1:00 am U.S. subpoenas documents from 15 lendersA bank once owned by a Foothill Ranch firm is among those in the inquiry targeting financial institutions with high default rates on FHA-backed home loans. ...Source: RSS feed - channel BNPaperBusiness | 13 Jan 2010 | 1:00 am Stimulus saved or created up to 2 million jobs in 2009, White House saysThe Obama administration credits the $787-billion program with a substantial effect on employment. Still, the U.S. economy lost a net 4 million jobs last year even with the stimulus. ...Source: RSS feed - channel BNPaperBusiness | 13 Jan 2010 | 1:00 am Toyota plans to turn Prius into a sub-brandNext up in the line will be a compact version of the popular hybrid mid-size.Toyota calls the lemon-lime-colored hybrid vehicle a concept, but shoppers can expect to see a version of this compact car -- kind of a svelte version of the Toyota Matrix -- in showrooms in several years.
Source: L.A. Times - Business | 13 Jan 2010 | 1:00 am Airlines increase fuel surcharges on trips to EuropeMajor airlines have raised fuel surcharges on travel to Europe by $20 per round trip, and some have added conditions that could cause some travelers' to pay higher fares.Source: RSS feed - channel BNPaperBusiness | 13 Jan 2010 | 1:00 am Google may leave China in wake of hacker attacksThe Internet firm says it will stop the scorned practice of censoring users' search results.In a rare corporate rebuke of Asia's economic superpower, Google Inc. on Tuesday said it might leave China and the country's 350 million Internet users after it was the victim of a series of cyber attacks that originated from that nation.
Source: L.A. Times - Business | 13 Jan 2010 | 1:00 am Stimulus saved or created up to 2 million jobs in 2009, White House saysThe Obama administration credits the $787-billion program with a substantial effect on employment. Still, the U.S. economy lost a net 4 million jobs last year even with the stimulus.The Obama administration, offering evidence that its much-maligned efforts to spur economic recovery have begun to take hold, said Tuesday that the $787-billion stimulus program saved or created 1.5 million to 2 million jobs last year.
Source: L.A. Times - Business | 13 Jan 2010 | 1:00 am A scam that hits the jackpot for stupidity offers valuable lessonsThese guys have to be some of the dumbest scammers ever. But their ploy is so brazen -- and so potentially attractive in these tough economic times -- you could just see it succeeding.Source: RSS feed - channel BNPaperBusiness | 13 Jan 2010 | 1:00 am Stocks slip as China moves to keep inflation in checkAlso hurting the major U.S. stock indexes is aluminum giant Alcoa's report of lower-than-expected fourth-quarter earnings. The Dow closes down 36 points at 10,627.26. ...Source: RSS feed - channel BNPaperBusiness | 13 Jan 2010 | 1:00 am Google may leave China in wake of hacker attacksThe Internet firm says it will stop the scorned practice of censoring users' search results. In a rare corporate...Source: RSS feed - channel BNPaperBusiness | 13 Jan 2010 | 1:00 am High-rise light show set for L.A. skylineThe downtown event will mark completion of the 54-story JW Marriott-Ritz Carlton tower, the final project at L.A. Live.The latest addition to the downtown Los Angeles skyline is expected to debut with a big splash -- make that a big flash -- tonight, when lights in the city's newest high-rise snap on for the first time.
Source: L.A. Times - Business | 13 Jan 2010 | 1:00 am Oren Aviv ousted as Disney Studios production chiefErik Feig, the Summit Entertainment executive behind the 'Twilight' franchise, is said to have already turned down the job.Continuing to clean house and put his own executive team in place, Walt Disney Studios Chairman Rich Ross has ousted the studio's production chief, Oren Aviv, and is expected to name a successor shortly.
Source: L.A. Times - Business | 13 Jan 2010 | 1:00 am Fed quietly posts record $46.1-billion profit in 2009The earnings, a benefit of its financial crisis intervention, could be offset by future losses when the central bank starts selling assets purchased to help stabilize the economy.The Federal Reserve reported a side benefit to its massive intervention into the financial system -- a record profit of $46.1 billion last year on the central bank's investments.
Source: L.A. Times - Business | 13 Jan 2010 | 1:00 am High-rise light show set for L.A. skylineThe downtown event will mark completion of the 54-story JW Marriott-Ritz Carlton tower, the final project at L.A. Live. ...Source: RSS feed - channel BNPaperBusiness | 13 Jan 2010 | 1:00 am Stocks slip as China moves to keep inflation in checkAlso hurting the major U.S. stock indexes is aluminum giant Alcoa's report of lower-than-expected fourth-quarter earnings. The Dow closes down 36 points at 10,627.26.Stocks slumped Tuesday on a disappointing opening to earnings season and a move by China to restrain its economy.
Source: L.A. Times - Business | 13 Jan 2010 | 1:00 am FocusDriven formed to discourage drivers from using cellphonesThe nonprofit group, sponsored by part by the Department of Transportation, hopes to raise awareness about the dangers of distracted driving. ...Source: RSS feed - channel BNPaperBusiness | 13 Jan 2010 | 1:00 am Oren Aviv ousted as Disney Studios production chiefErik Feig, the Summit Entertainment executive behind the 'Twilight' franchise, is said to have already turned down the job. ...Source: RSS feed - channel BNPaperBusiness | 13 Jan 2010 | 1:00 am Signs of life in the home-building industryA large-scale development in Irvine and profits posted by some builders bring hope for a turnaround, but the industry's outlook remains fragile.A construction site in Irvine is alive with the sound of the boom years. ¶ Workers hammering fresh wood beams shout orders at each other in Spanish. Diesel trucks rumble through newly paved subdivisions. Men with scrolls of construction plans tucked under their arms bark instructions into mobile phones. ¶ The cacophony emanating from the Irvine Co.'s newest project -- 685 houses and town homes in the company's Woodbury and Woodbury East developments -- is rare these days. To get the project off the ground, Irvine Co., which typically sells land to builders, is financing the project itself after enlisting six builders to put up the homes for a fee. ¶ "All of these people were probably unemployed or underemployed," Thomas G. Veal, Irvine Co.'s vice president for residential marketing, said as he stood on a stack of plywood surveying one of the company's work sites. "It's our own little stimulus program."
Source: L.A. Times - Business | 13 Jan 2010 | 1:00 am Signs of life in the home-building industryA large-scale development in Irvine and profits posted by some builders bring hope for a turnaround, but the industry's outlook remains fragile. ...Source: RSS feed - channel BNPaperBusiness | 13 Jan 2010 | 1:00 am Baidu poised to gain as Google threatens to quit ChinaA retreat from China by Google will allow Baidu to strengthen its grip on the market, analysts reckon.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 13 Jan 2010 | 12:50 am JAL shares slide 81pc as bankruptcy fears growShares of Japan Airlines tumbled 81pc, leaving it with a market value of just around $200m (£124m), on mounting expectations the airline will file for bankruptcy next week and be delisted.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 13 Jan 2010 | 12:50 am Greggs boosted by Christmas mince pie salesCustomers of Greggs, the high street bakery chain, defied the arctic conditions over Christmas to munch their way through more than a million mince pies a week during the festive period. Source: Latest Business News from Times Online | 13 Jan 2010 | 12:46 am Lord Mandelson to urge investors to protect British companies from opportunistic bidsLord Mandelson, the Business Secretary who has attacked a hostile bid for Cadbury, is to meet leading institutional investors to urge them to oppose opportunistic takeovers of British companies.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 13 Jan 2010 | 12:33 am Japan Airlines shares dive 81%Shares in the troubled carrier Japan Airlines continue to fall on mounting speculation that it will file for bankruptcy.Source: BBC News | Business | World Edition | 13 Jan 2010 | 12:16 am Google threatens to quit China: analysts reactGoogle has said it is ready to close down its business and quit China because of the country's increasing censorship. Analysts give their reaction to Bloomberg.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 13 Jan 2010 | 12:02 am A history of Google in ChinaGoogle’s decision to enter the Chinese market forced it to agree in 2006 to block certain websites in return for being able to run a local service. However, Google has failed to replicate its success elsewhere and lags behind market leader Baidu with less than a third of the market share in ChinaSource: Financial Times - US homepage | 13 Jan 2010 | 12:01 am Google defies Chinese censors after cyberattacks on Gmail accounts of activistsGoogle will no longer submit to Chinese internet censors and risks banishment from the lucrative market in outrage at cyber attacks aimed at Chinese human rights activists. Source: Latest Business News from Times Online | 12 Jan 2010 | 11:55 pm Obama to announce TARP fee on banks on ThursdayWASHINGTON (Reuters) - President Barack Obama will announce plans on Thursday to raise up to $120 billion from major U.S. financial firms to cover expected losses from a taxpayer-funded bank bailout, a senior administration official said on Tuesday.Source: Reuters: Business News | 12 Jan 2010 | 11:55 pm Obama to announce TARP fee on banks on Thursday (Reuters)Reuters - President Barack Obama will announce plans on Thursday to raise up to $120 billion from major U.S. financial firms to cover expected losses from a taxpayer-funded bank bailout, a senior administration official said on Tuesday.Source: Yahoo! News: Business | 12 Jan 2010 | 11:55 pm League considers Portsmouth fatePortsmouth are set to find out on Wednesday if an appeal to lift their transfer embargo and be given £7m in television money has been successful.Source: BBC News | Business | World Edition | 12 Jan 2010 | 11:51 pm Cost of credit card borrowing at highest level since 2006The average interest charged during the month was the highest average rate since September 2006.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Jan 2010 | 11:44 pm Goldman exec says firm gained from trading against clients(Reuters) - An executive from Goldman Sachs Group Inc said the company in some cases profited by trading ahead of or against its own clients, the New York Times said on its website.Source: Reuters: Business News | 12 Jan 2010 | 11:37 pm Goldman exec says firm gained from trading against clients (Reuters)Reuters - An executive from Goldman Sachs Group Inc said the company in some cases profited by trading ahead of or against its own clients, the New York Times said on its website.Source: Yahoo! News: Business | 12 Jan 2010 | 11:37 pm NZ market lower on China's tighter monetary policyEquity markets around the world, including the New Zealand sharemarket, fell today after China said it would raise banks' reserve requirements, a move that could dampen a nascent recovery from the worst global recession in decades.The...Source: nzherald.co.nz - Business | 12 Jan 2010 | 11:36 pm Look out - the taxman is getting tetchyEven the innocent may have reason to fear the Revenue's new powers, says Tracy Corrigan.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Jan 2010 | 11:23 pm Dollar trades in range below recent highsThe New Zealand dollar traded in a range below recent highs today as investors started to shun currencies in this part of the world again but it gained against the Australian dollar.The NZ dollar was US74.04c at 5pm, having traded...Source: nzherald.co.nz - Business | 12 Jan 2010 | 10:27 pm Meaning of China's tightening move debatedChina’s surprise move to increase the amount of funds banks need to keep on hand likely reflects its growing unease over inflation, but analysts are divided over whether the move marks a complete change in stance for monetary policy.
Source: MarketWatch.com - Top Stories | 12 Jan 2010 | 10:20 pm 2 million jobs from stimulus - White HouseThe economic stimulus program has boosted employment by 1.5 to 2 million jobs, the president's chief economic adviser said Wednesday.Source: Business and financial news - CNNMoney.com | 12 Jan 2010 | 10:10 pm The Case Against Ford (On the Street)The auto maker has won critical praise for its turnaround. We size up the contrarian take on the industry's darling.
Source: SmartMoney.com | 12 Jan 2010 | 10:00 pm Spotting Stock Buys When the Market's UpPros are using different ways to pick stocks when the market is near a high.
Source: SmartMoney.com | 12 Jan 2010 | 10:00 pm 3 Stocks With Affordable 4% Yields (Screens)Hough: Ample dividends and cash flow make these shares attractive.
Source: SmartMoney.com | 12 Jan 2010 | 10:00 pm Shareholders, Clients Can Fix Supersized Bonuses (Common Sense)Stewart: There's a better solution than levying new fees on banks.
Source: SmartMoney.com | 12 Jan 2010 | 10:00 pm Should You Tap Credit Unions for College Loans? (Education and Your Money)This option is growing in popularity, but there are some pitfalls.
Source: SmartMoney.com | 12 Jan 2010 | 10:00 pm Energy-Saving Tips for Renters (Deal of the Day)How to cut winter bills without making major home improvements.
Source: SmartMoney.com | 12 Jan 2010 | 10:00 pm Hughes Communications Sees Hot SpotsThe company sees a wealth of opportunities for its satellite business.
Source: SmartMoney.com | 12 Jan 2010 | 10:00 pm 10 cool gadgets for '10Source: Business and financial news - CNNMoney.com | 12 Jan 2010 | 9:57 pm Social gaming challengesElectronic Arts provides fresh evidence of technology's ability to change everything - maybe.Source: Business and financial news - CNNMoney.com | 12 Jan 2010 | 9:57 pm Key says personal tax cuts still on Govt agendaPrime Minster John Key has indicated personal tax cuts, as well as wider tax reform, will be on the Government's agenda this year.At his first press conference since returning from a summer holiday, Key said it was "quite clear"...Source: nzherald.co.nz - Business | 12 Jan 2010 | 9:30 pm Workers a little more confident, survey findsFor the first time in two years a survey measure of employees' current conditions has improved, raising hopes that the worst of the job layoffs from the economic downturn have passed.The Westpac McDermott Miller employment confidence...Source: nzherald.co.nz - Business | 12 Jan 2010 | 9:00 pm Commodity prices rise in December, up 30pc for 2009Commodity prices ended 2009 up again, with a 2.6 per cent rise, according to the latest ANZ Commodity Price Index.The cumulative rise over the calendar year was 30 per cent, with the largest annual increases in commodity prices...Source: nzherald.co.nz - Business | 12 Jan 2010 | 8:30 pm Ferrero debates Cadbury retreatThe Italian chocolate maker was debating abandoning a pursuit of Cadbury as the UK confectioner’s top executives launched a stinging attack on Kraft’s £10.4bn hostile bidSource: Financial Times - US homepage | 12 Jan 2010 | 8:16 pm Chrysler and Fiat open doors to brands pushChrysler’s global expansion plans will open the way for Fiat dealers in Europe and Latin America to buy Chrysler, Dodge and Jeep franchisesSource: Financial Times - US homepage | 12 Jan 2010 | 7:10 pm Japan Airlines shares dive 81 percent (AFP)
Source: Yahoo! News: Stock Markets News | 12 Jan 2010 | 6:52 pm Galleon founder slams wiretapsGalleon hedge fund founder Raj Rajaratnam, accused of fraud and conspiracy in a complex insider trading case, attacked the US government’s wiretap evidence on Tuesday, as he won approval to stay free on bailSource: Financial Times - US homepage | 12 Jan 2010 | 6:34 pm Fletcher Building unit threatened if anti-dumping duty removed: MEDPacific Wire, a unit of the country's largest listed company Fletcher Building, could come under threat if the government removes its anti-dumping duty on galvanised wire, according to the Ministry of Economic Development.A report...Source: nzherald.co.nz - Business | 12 Jan 2010 | 6:30 pm BofA moves CFO to retail bank post in reshufflingCHARLOTTE, North Carolina (Reuters) - Bank of America Corp said on Tuesday it would shift its chief financial officer to a job running its retail operations and seek a replacement CFO, one of several moves by new Chief Executive Brian Moynihan to put his imprint on the bank.Source: Reuters: Business News | 12 Jan 2010 | 5:34 pm BofA moves CFO to retail bank post in reshuffling (Reuters)
Source: Yahoo! News: Business | 12 Jan 2010 | 5:34 pm EU antitrust chief-to-be backs mega-finesBRUSSELS - The European Union's designated antitrust commissioner said he considered the EU's high fines an effective deterrent to cartels or monopoly abuse.Joaquin Almunia will take one of the EU executive's most powerful posts...Source: nzherald.co.nz - Business | 12 Jan 2010 | 5:30 pm Minister facing pylons grillingScottish Energy Minister Jim Mather faces tough questions from MSPs over concerns with the Beauly to Denny power line.Source: BBC News | Business | World Edition | 12 Jan 2010 | 5:23 pm US and UK banks face political heatBanks on both sides of the Atlantic scrambled to respond to mounting political pressure as public anger over their bonuses grew and US officials worked on a new levy to recoup the government’s losses in the financial crisisSource: Financial Times - US homepage | 12 Jan 2010 | 5:17 pm Battle for Cadbury comes down to three numbersIn the £10.5bn bid battle for Cadbury, its chairman Roger Carr has never once been behind his tormentor, Irene Rosenfeld, chairman and chief executive of Kraft.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Jan 2010 | 5:16 pm Banks decline amid earnings, fee worriesCHARLOTTE, North Carolina (Reuters) - U.S. bank stocks fell on Tuesday after reports that the Obama administration might charge banks more than $100 billion made investors worry about the sector's profits.Source: Reuters: Business News | 12 Jan 2010 | 5:11 pm Recession babiesThe newborns waiting for a growth spurtSource: BBC News | Business | World Edition | 12 Jan 2010 | 5:03 pm US financial crisis panel to openA 10-member panel established by US Congress to examine the causes of the financial crisis will begin its hearings on Wednesday.Source: BBC News | Business | World Edition | 12 Jan 2010 | 5:03 pm Plosser: Fed must raise rates as economy improvesNEW YORK (Reuters) - The U.S. Federal Reserve will have to raise interest rates as the economy improves or risk losing the public's confidence in its commitment to keeping inflation low and stable, a top Federal Reserve policy maker said on Tuesday.Source: Reuters: Business News | 12 Jan 2010 | 5:02 pm Airbus invokes doomsday in plea for cashThe chief executive of Airbus made an impassioned plea yesterday to European governments, including Britain, to bail out its new military transport aircraft or jeopardise the group’s future. Source: Latest Business News from Times Online | 12 Jan 2010 | 5:01 pm We need to pay big bonuses to compete with rivals in City, says RBS chief Stephen HesterPaying bankers bonuses in shares rather than cash would do nothing to curb risk-taking behaviour, the head of Royal Bank of Scotland told MPs yesterday. Source: Latest Business News from Times Online | 12 Jan 2010 | 5:01 pm Debenhams’ own labels keep profits risingDebenhams emerged yesterday as one of the few retailers for which the key Christmas period failed to deliver a surge in spending. Source: Latest Business News from Times Online | 12 Jan 2010 | 5:01 pm Full takeover bid for Horizon as interest mountsEastern Bays Energy Trust is to make a full takeover bid for the local monopoly lines company, NZX-listed Horizon Energy Distribution Ltd, the trust announced this morning.The trust will offer $4 a share for the 22.7 per cent...Source: nzherald.co.nz - Business | 12 Jan 2010 | 5:00 pm Catching up with Australia: Stuart McCutcheonStuart McCutcheon, University of Auckland Vice Chancellor: It's the year 2030. Our dairy industry is flat-out exporting infant foods that increase the IQ of children, while also reducing their risks of heart disease and diabetes...Source: nzherald.co.nz - Business | 12 Jan 2010 | 5:00 pm IBD's Top 10 - Tuesday (Investor's Business Daily)Investor's Business Daily - 1 Weak Alcoa and Chevron results as well as another surprise China tightening measure shook stocks. The Nasdaq dived 1.4%, erasing most of its '10 gain. The NYSE fell 1.1%, the S&P 500 0.9%, the Dow 0.3%. Volume rose. Farming and metals stocks fared poorly as gold and other commodities sold off. The 10-year Treasury yield fell 11 ticks to 3.72%.Source: Yahoo! News: Stock Markets News | 12 Jan 2010 | 4:57 pm Linear Sets Tone For Semiconductor Stock Earnings (LLTC, MXIM, SMH)Linear Technology Corp. (NASDAQ: LLTC) is actually the first of the real semiconductor sector stocks to report earnings this January for the quarter-end of December 2009. The maker of linear integrated circuits reported earnings of $0.33 EPS on revenues of $256.4 million. Thomson Reuters had estimates pegged at $0.31 EPS and $247.05 million for revenues. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Jan 2010 | 4:42 pm Shamed Wall St. Ex-CEO Thain May Run CIT (CIT)John Thain, former co-president of Goldman Sachs (NYSE:GS) and CEO of The New York Stock Exchange and Merrill Lynch, who was virtually shamed into retirement after Merrill was bought by Bank of America (NYSE:BAC), may become head of CIT (NYSE:CIT). CIT nearly collapsed last year. It is the largest single private lender to small businesses in the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Jan 2010 | 4:40 pm Google (GOOG) May Leave China–CompletelyGoogle (NASDAQ:GOOG) made a threat to China which does not have a precedent in the actions of any other US company. It threatened to pull its business from China due to potential cyber attacks on its online operations. The actions appear to have been against the company’s e-mail service-GMail. The FT took a different view of the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Jan 2010 | 4:25 pm Market Liquidity, Oil Find, Sovereign Debt: TakingStock PodcastSource: Bloomberg - All Podcasts | 12 Jan 2010 | 4:18 pm Cablevision Value Watch: Madison Square Garden Spin-Off (CVC, MSGNV, MSG, GBL)Cablevision Systems Corporation (NYSE: CVC) has approved the spin off of Madison Square Garden to Cablevision shareholders. Madison Square Garden is the home venue of the New York Knicks and Rangers, but is also home to concerts, boxing events, tennis, and other events. You have to be a holder of Cablevision to receive the shares, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Jan 2010 | 4:13 pm Sharemarket heads lowerThe New Zealand sharemarket headed lower in early trading following a slide by equity markets around the world after China said it would raise banks' reserve requirements in a move that could dampen a nascent recovery from the worst...Source: nzherald.co.nz - Business | 12 Jan 2010 | 4:04 pm Government officials probe 15 FHA lenders (AP)AP - Federal housing officials on Tuesday served subpoenas on 15 mortgage companies with suspiciously high default rates for loans backed by the Federal Housing Administration. The actions are part of a broad crackdown on dubious lenders as the agency tries to stem losses.Source: Yahoo! News: Business | 12 Jan 2010 | 4:00 pm Lonmin Raised to `Hold' at Deutsche Bank: AudioSource: Bloomberg - All Podcasts | 12 Jan 2010 | 3:53 pm Red Star's Licamele Likes Individual Stocks Verses ETFs: AudioSource: Bloomberg - All Podcasts | 12 Jan 2010 | 3:49 pm Weaker Alcoa results, China news drag stocks lower (AP)
Source: Yahoo! News: Stock Markets News | 12 Jan 2010 | 3:41 pm How the major stock indexes fared on Tuesday (AP)AP - Investors are suffering another bout of pessimism about the strength of the global economic recovery.Source: Yahoo! News: Stock Markets News | 12 Jan 2010 | 3:28 pm Write-Offs: 01.12.09$$$ Eliot Spitzer Has 10 Questions [HuffPo] $$$ Goldman's "Trading Ideas" [DealBook] $$$ Conan Refuses Later Show [WSJ] $$$ Towns Issues a Subpoena to the NY FED for AIG Counterparty Payment Documents [Oversight Committee] $$$ Larry Kudlow: My Solution to the Banker Bonus Brouhaha [CNBC] 
 Source: Dealbreaker | 12 Jan 2010 | 3:17 pm John Thain: BACK IN THE GAME
John Thain, who was Merrill Lynch & Co.'s chief executive officer before being ousted a year ago, has held talks to become the head of CIT Group Inc., the commercial lender that emerged from bankruptcy last month, according to people familiar with the matter
Source: Dealbreaker | 12 Jan 2010 | 2:42 pm Death hits West Ham takeover bidLondon-based financial company Intermarket will still pursue their takeover of West Ham United despite the death of their chief executive officer Jim Bowe.Source: BBC News | Business | World Edition | 12 Jan 2010 | 2:42 pm Tiffany, KB Home, Alcoa, Kraft are movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:Source: Yahoo! News: Business | 12 Jan 2010 | 2:26 pm Tiffany, KB Home, Alcoa, Kraft are movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:Source: Yahoo! News: Stock Markets News | 12 Jan 2010 | 2:26 pm Lisa Falcone's Gladiator Sandal Collection Out Of Harm's Way
Source: Dealbreaker | 12 Jan 2010 | 2:07 pm Citi Consumer Banking Chief Out At Vikram's House Of Laughs
From: Terri Dial |
