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Alibaba slams Yahoo's statement on GoogleSHANGHAI (Reuters) - China's largest e-commerce firm Alibaba Group, in which Yahoo Inc owns a 40 percent stake, has called the search giant's comments on Google "reckless."Source: Reuters: Business News | 16 Jan 2010 | 2:35 am Alibaba slams Yahoo's statement on Google (Reuters)Reuters - China's largest e-commerce firm Alibaba Group, in which Yahoo Inc owns a 40 percent stake, has called the search giant's comments on Google "reckless."Source: Yahoo! News: Business | 16 Jan 2010 | 2:35 am Final frantic run for health careLike a roller-coaster ride on its last twisting turns, President Barack Obama's campaign to remake health care is barreling into final days of breathless suspense and headlong momentum. ...Source: RSS feed - channel BNewsBusiness | 16 Jan 2010 | 2:17 am Negotiators shape final health care billIN: Private insurance plans sponsored by the same federal agency that oversees government employee benefits. OUT: Government-operated health insurance plan to compete with private...Source: RSS feed - channel BNewsBusiness | 16 Jan 2010 | 2:07 am JAL agrees tie-up deal with Delta: reportTOKYO (Reuters) - Japan Airlines (JAL) has agreed on a tie-up with Delta Air Lines that will mean JAL joins the SkyTeam airline alliance, dropping its membership of the Oneworld alliance, a Japanese newspaper said on Saturday.Source: Reuters: Business News | 16 Jan 2010 | 2:07 am JAL agrees tie-up deal with Delta: report (Reuters)
Source: Yahoo! News: Business | 16 Jan 2010 | 2:07 am Taiwan allows 500 mln dlr Chinese capital in marketTaiwan will allow Chinese investors to invest up to 500 million dollars in the island's stock market, in a further step towards closer economic ties, the government said Saturday. ...Source: RSS feed - channel BNewsBusiness | 16 Jan 2010 | 1:18 am Affiliated Media, parent of Daily News owner MediaNews, to file for bankruptcy protectionAffiliated Media Inc., the holding company for MediaNews Group, whose newspapers include the Denver Post and several Southern California papers, plans to file for Chapter 11 bankruptcy protection.Source: RSS feed - channel BNPaperBusiness | 16 Jan 2010 | 1:00 am Consumer prices fall in 2009The annual decrease is the first in more than 50 years. Month to month, a slow rise in the inflation indicator increases the likelihood that the Fed will keep interest rates low.Despite growing worries about a future surge in inflation, consumer prices barely budged last month and fell for all of 2009 -- the first annual decline in more than half a century.
Source: L.A. Times - Business | 16 Jan 2010 | 1:00 am JPMorgan Chase 4th-quarter profit grows to $3.3 billion, but loan losses raise concernThe bank's credit card and retail units reflect the difficulty that consumers are having paying their debts.The latest earnings report from JPMorgan Chase & Co. provides a rough snapshot of the U.S. economy: Although Wall Street has roared its way back to financial might, much of mainstream America is still recovering from the Great Recession.
Source: L.A. Times - Business | 16 Jan 2010 | 1:00 am Affiliated Media, parent of Daily News owner MediaNews, to file for bankruptcy protectionAffiliated Media Inc., the holding company for MediaNews Group, whose newspapers include the Denver Post and several Southern California papers, plans to file for Chapter 11 bankruptcy protection.
Source: L.A. Times - Business | 16 Jan 2010 | 1:00 am Higher airline baggage fees create opportunity for luggage shippersThe announcements this week that three of the country's largest airlines are again increasing baggage fees came as bad news for airline passengers, who must already pay for such extras as blankets, pillows...Source: RSS feed - channel BNPaperBusiness | 16 Jan 2010 | 1:00 am New L.A. luxury hotels face tough debutsThe JW Marriott and Ritz-Carlton hotels that share a downtown building will open in coming weeks amid one of the worst slumps in years for the hospitality business.The newest downtown hotel complex buzzed with activity this week as carpenters, electricians and gardeners hustled to put the finishing touches on the $970-million skyscraper that rises over the Los Angeles Convention Center and the L.A. Live entertainment center.
Source: L.A. Times - Business | 16 Jan 2010 | 1:00 am New L.A. luxury hotels face tough debutsThe JW Marriott and Ritz-Carlton hotels that share a downtown building will open in coming weeks amid one of the worst slumps in years for the hospitality business. ...Source: RSS feed - channel BNPaperBusiness | 16 Jan 2010 | 1:00 am Treasury Dept. says loan modification picture is improvedThe Obama administration says pressure on lenders is paying off: The number of temporary modifications that have gone permanent has more than doubled in a month.After a month of intense pressure on banks and other mortgage servicers, the Obama administration on Friday reported improvement in its much-criticized program to reduce mortgage payments to stave off foreclosures.
Source: L.A. Times - Business | 16 Jan 2010 | 1:00 am Stocks fall on JPMorgan results, sentiment surveyNEW YORK -- Rising loan losses in JPMorgan Chase & Co.'s consumer bank business and a disappointing reading on consumer sentiment sent investors rushing from stocks Friday.Source: RSS feed - channel BNPaperBusiness | 16 Jan 2010 | 1:00 am Banks are just the first target on the tax agendaPresident Obama has proposed what may be the most popular tax increase in American history: He wants the biggest banks to fork over about $9 billion a year for the next decade via a "financial crisis responsibility fee."
Source: L.A. Times - Business | 16 Jan 2010 | 1:00 am Despite censorship, cracks widen in China's Great FirewallDespite -- and sometimes because of -- increasingly aggressive government measures, China's Internet users are finding ways to evade the country's online restrictions.Zhang Shan never paid much attention to Internet censorship in China. The stylish art gallery clerk said it didn't really matter in her daily life.
Source: L.A. Times - Business | 16 Jan 2010 | 1:00 am Despite censorship, cracks widen in China's Great FirewallDespite -- and sometimes because of -- increasingly aggressive government measures, China's Internet users are finding ways to evade the country's online restrictions. ...Source: RSS feed - channel BNPaperBusiness | 16 Jan 2010 | 1:00 am Higher airline baggage fees create opportunity for luggage shippersThe announcements this week that three of the country's largest airlines are again increasing baggage fees came as bad news for airline passengers, who must already pay for such extras as blankets, pillows and snacks.
Source: L.A. Times - Business | 16 Jan 2010 | 1:00 am Conan O'Brien agrees to exit 'The Tonight Show'The announcement of the move, which returns Jay Leno as host of the late-night talk show after his failed try in prime time, is expected as early as Saturday. The reshuffle will be costly for NBC.After a week of caustic jokes, jawboning and behind-the-scenes negotiations, "Tonight Show" host Conan O'Brien is leaving NBC to make room for the return of Jay Leno to late-night TV.
Source: L.A. Times - Business | 16 Jan 2010 | 1:00 am Conan O'Brien agrees to exit 'The Tonight Show'The announcement of the move, which returns Jay Leno as host of the late-night talk show after his failed try in prime time, is expected as early as Saturday. The reshuffle will be costly for NBC. ...Source: RSS feed - channel BNPaperBusiness | 16 Jan 2010 | 1:00 am Port of L.A. in talks to purchase zero-emission trucksThe trucks, powered by hydrogen fuel cell hybrid technology, are to be built in Whittier by a Florida company and tested for possible use on short- or medium-distance cargo hauls. ...Source: RSS feed - channel BNPaperBusiness | 16 Jan 2010 | 1:00 am Banks are just the first target on the tax agendaPresident Obama has proposed what may be the most popular tax increase in American history: He wants the biggest banks to fork over about $9 billion a year for the next decade via a "financial crisis responsibility...Source: RSS feed - channel BNPaperBusiness | 16 Jan 2010 | 1:00 am Treasury Dept. says loan modification picture is improvedThe Obama administration says pressure on lenders is paying off: The number of temporary modifications that have gone permanent has more than doubled in a month. ...Source: RSS feed - channel BNPaperBusiness | 16 Jan 2010 | 1:00 am JPMorgan Chase 4th-quarter profit grows to $3.3 billion, but loan losses raise concernThe bank's credit card and retail units reflect the difficulty that consumers are having paying their debts. The...Source: RSS feed - channel BNPaperBusiness | 16 Jan 2010 | 1:00 am Turkmenistan sacks 'incompetent' oil and gas chiefThe leader of energy-rich Turkmenistan has fired his oil and gas minister for incompetence, just three months after appointing him, a state newspaper reported Saturday. Turkmen PresidentSource: RSS feed - channel BNewsBusiness | 16 Jan 2010 | 12:47 am China found five billion tonnes of iron last year: govtChina discovered five billion tonnes of iron ore deposits last year, the government said. More than three billion tonnes were located in the northeastern province of Liaoning, with the...Source: RSS feed - channel BNewsBusiness | 16 Jan 2010 | 12:46 am Cadbury investors look for higher Kraft bidLONDON (Reuters) - Some of Cadbury's biggest shareholders, led by Legal & General, continued to reject Kraft Foods' 10.5 billion pound ($17.2 billion) bid and will look for an increased offer over the next four days.Source: Reuters: Business News | 15 Jan 2010 | 10:45 pm Stocks to Watch: Stocks in focus for TuesdayAmong the companies whose shares are expected to see active tradfing on Tuesday, when markets re-open after a three-day hoiday weekend, are IBM, Citigroup and CSX.
Source: MarketWatch.com - Top Stories | 15 Jan 2010 | 10:01 pm Market Snapshot: U.S. stocks next week: Citi, Google and healthcareAfter a rocky start to the earnings reporting season rattled U.S stocks, results from big banks, Google, Inc. and bellwethers such as General Electric will help determine if markets in the week ahead find a smoother path
Source: MarketWatch.com - Top Stories | 15 Jan 2010 | 10:01 pm Small-business loans rise sharplyNearly twice the amount of money in SBA-backed loans is distributed last quarter than a year earlier. The dollar amount rises 71% in Los Angeles, Santa Barbara and Ventura counties.Small-business lending picked up sharply during the last three months of 2009, as measured by loans backed by the U.S. Small Business Administration, the agency reported Friday.
Source: L.A. Times - Business | 15 Jan 2010 | 9:38 pm JPMorgan loan losses overshadow higher Q4 profitNEW YORK (Reuters) - JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, damping hopes that consumer credit is on the mend.Source: RSS feed - channel BNewsBusiness | 15 Jan 2010 | 9:33 pm JPMorgan loan losses overshadow higher Q4 profitNEW YORK (Reuters) - JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, damping hopes that consumer credit is on the mend.Source: Reuters: Business News | 15 Jan 2010 | 9:33 pm Syncora Holdings Ltd. Announces Expected Decrease in Statutory Capital and Updates Status of Remaining Restructuring TransactionSource: RSS feed - channel BNewsBusiness | 15 Jan 2010 | 9:12 pm Health-Care, Bank Fees, Earthquake in Haiti: Political CapitalSource: Bloomberg - All Podcasts | 15 Jan 2010 | 9:03 pm Johnson & Johnson issues massive recall of TylenolJohnson & Johnson issued a massive recall Friday of over-the-counter drugs including Tylenol, Motrin and St. Joseph's aspirin because of a moldy smell that has made people sick. It was...Source: RSS feed - channel BNewsBusiness | 15 Jan 2010 | 8:02 pm Tylenol recall: FDA slams companyThe maker of several over-the-counter drugs, including Tylenol, Motrin and Benadryl, announced a broad-based recall of these and other drugs Friday after receiving complaints of an "unusual moldy, musty or mildew-like" odor.Source: Business and financial news - CNNMoney.com | 15 Jan 2010 | 7:50 pm Banks in Ill., Minn., Utah are shutteredRegulators have shut down banks in Illinois, Minnesota and Utah, bringing to four the number of bank failures so far in 2010, following 140 closures last year amid the weak economy and...Source: RSS feed - channel BNewsBusiness | 15 Jan 2010 | 7:45 pm UPDATE 2-U.S. OSHA fines Citgo for July Texas refinery blastHOUSTON, Jan 15 (Reuters) - The U.S. Occupational Safety and Health Administration on Friday levied $236,500 in fines for safety violations found at Citgo Petroleum Corp's Corpus Christi, Texas, refinery...Source: RSS feed - channel BNewsBusiness | 15 Jan 2010 | 7:14 pm Pomeroy mentioned for head of insurance group (AP)AP - U.S. Rep. Earl Pomeroy is not seeking the presidency of a Washington lobbying group for life insurers, a spokeswoman said Friday, although an industry representative called the North Dakota Democrat a "natural" candidate for the job.Source: Yahoo! News: Business | 15 Jan 2010 | 7:00 pm MGM bid deadline passes, most bids yet to comeNEW YORK (Reuters) - First-round bids for the debt-ridden MGM studio were due Friday afternoon, but most of the bids are expected to trickle in through the weekend, sources familiar with the matter said.Source: Reuters: Business News | 15 Jan 2010 | 5:54 pm Intel earnings good for sector despite selloffSAN FRANCISCO_ (Reuters) - Stellar results from Intel Corp could signal brighter tech earnings results in coming weeks, but analysts warn stocks themselves may be stuck in a short-term correction.Source: Reuters: Business News | 15 Jan 2010 | 5:38 pm Proposed bank fee riles as industry assesses costPresident Barack Obama’s proposal to levy at least $90 billion in fees on banks is riling the industry as analysts estimate which companies may be hit the hardest.
Source: MarketWatch.com - Top Stories | 15 Jan 2010 | 5:30 pm Strategies, Tax Season, Aerospace: Taking Stock PodcastSource: Bloomberg - All Podcasts | 15 Jan 2010 | 5:14 pm Kraft 'must raise Cadbury offer'A major Cadbury shareholder indicates US food giant Kraft will have to raise its hostile takeover offer if it wishes to win support.Source: BBC News | Business | World Edition | 15 Jan 2010 | 5:11 pm SEC subpoenas big banks over CDOsSeveral leading international banks have received subpoenas from US regulators investigating one of the complex securities markets at the heart of the financial crisis, people familiar with the probe saySource: Financial Times - US homepage | 15 Jan 2010 | 5:08 pm Top Ten: MarketWatch's top stories of the week, Jan. 11-15U.S. stocks put investors through quite a roller-coaster ride this week. But at the end of the thrill ride, the three major indexes recorded gains for the week. That makes it two for two in 2010.
Source: MarketWatch.com - Top Stories | 15 Jan 2010 | 5:06 pm Bank sales 'could raise charges'Bank customers could face more branch closures and higher charges, despite government plans to increase competition, it has been claimed.Source: BBC News | Business | World Edition | 15 Jan 2010 | 5:03 pm Festive store sales 'not so good'The success of the UK retail sector over the Christmas period may not be as buoyant as the figures suggest, a study warns.Source: BBC News | Business | World Edition | 15 Jan 2010 | 5:01 pm DFS Furniture may return to the stock marketDFS Furniture looks set for a return to the stock market, five years after Lord Kirkham, the retailer’s founder and sole owner, controversially took the company private. Source: Latest Business News from Times Online | 15 Jan 2010 | 5:01 pm China accused of cyber attack on Google and 'global industrial targets'Defence contractors, finance and technology companies, as well as human rights activists, were among the targets of the cyber attack on Google that resulted in the breakdown of relations between the internet search company and China. Source: Latest Business News from Times Online | 15 Jan 2010 | 5:01 pm Yell in with a shout as focus turns to mediaIf 2010 is the year in which merger and acquisition activity truly returns, it may be the media sector that makes much of the early running. Source: Latest Business News from Times Online | 15 Jan 2010 | 5:01 pm Google beards Chinese tigerGoogle’s dispute with China over censorship and spying is fascinating on many levels. But one aspect that has been largely overlooked is the sheer scale of the financial sacrifice Google is making by taking its moral stand. In pursuit of their laudable aims, the co-founders Sergey Brin and Larry Page are burning dollar bills on an industrial scale. Source: Latest Business News from Times Online | 15 Jan 2010 | 5:01 pm It was no snap decision, but banker has put himself in the frame with ethical lenderAn old, poorly insulated Underground carriage is not the best place to conduct an interview during a winter storm. Given the heavy snow that blanketed much of southern England on Wednesday morning, it is a minor miracle that the railways managed to convey Charles Middleton, the managing director of Triodos Bank, from his home in Leamington Spa to Village Underground in Shoreditch, East London. Source: Latest Business News from Times Online | 15 Jan 2010 | 5:01 pm UK could lose tax millions as Swiss entice hedge fundsThe Government could lose hundreds of millions of pounds in revenue as the result of a Swiss campaign to lure hedge fund executives away from London with a promise to halve their tax bills. Source: Latest Business News from Times Online | 15 Jan 2010 | 5:01 pm ‘World’s worst banker’ Sir Fred Goodwin quietly returns to businessHe became the public face of the biggest banking crisis in a century: unashamed, unloved and, ultimately, unemployable. Source: Latest Business News from Times Online | 15 Jan 2010 | 5:01 pm Hershey poised to top Kraft’s Cadbury offerKraft, the American food group, was last night working on plans to announce an increased offer for Cadbury on Monday morning in London. Source: Latest Business News from Times Online | 15 Jan 2010 | 5:01 pm Varley could be Cameron’s choice to run reshaped BankSpeculation is rising in the City and Whitehall that John Varley, the chief executive of Barclays, may be appointed as the next Governor of the Bank of England under a Conservative Government. Source: Latest Business News from Times Online | 15 Jan 2010 | 5:01 pm Airport relationships turn frosty as snow melts and blame game beginsThe snow has only just started to melt but already the blame game has begun after two weeks of travel chaos at Britain’s airports. Source: Latest Business News from Times Online | 15 Jan 2010 | 5:01 pm `Richest Hedge Funds': Bloomberg Markets Cover Story PodcastSource: Bloomberg - All Podcasts | 15 Jan 2010 | 4:56 pm Wall St stumbles on JPMorgan, economic dataNEW YORK (Reuters) - U.S. stocks slid on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses and raised concerns about bank profits.Source: Reuters: Business News | 15 Jan 2010 | 4:56 pm 66,000 got long-term Obama loansIntense pressure from the Obama administration spurred loan servicers to ramp up the amount of permanent modifications they offered to troubled borrowers.Source: Business and financial news - CNNMoney.com | 15 Jan 2010 | 4:55 pm Senate talks could dilute proposed consumer agency (AP)AP - Senate banking negotiators are discussing plans that could significantly weaken — or even jettison — President Barack Obama's proposed independent consumer finance agency.Source: Yahoo! News: Business | 15 Jan 2010 | 4:54 pm U.S. accuses J&J of kickback scheme with OmnicareWASHINGTON/NEW YORK (Reuters) - The U.S. Justice Department accused giant pharmaceutical company Johnson & Johnson of paying tens of millions of dollars in kickbacks to Omnicare Inc to buy and recommend J&J drugs.Source: Reuters: Business News | 15 Jan 2010 | 4:54 pm Democrats scramble for health compromiseDemocratic lawmakers were still scrambling to nail down a final draft of a healthcare reform bill as fears rose that a defeat for their candidate in the Massachusetts Senate race next Tuesday could derail the entire reform effortSource: Financial Times - US homepage | 15 Jan 2010 | 4:43 pm Canadian Markets: Commodities keep Canadian stocks down for weekWeaker oil and gold prices weigh on resource stocks and the metals-and-mining sector.
Source: MarketWatch.com - Top Stories | 15 Jan 2010 | 4:31 pm Verizon and AT&T dial up wireless plan warsVerizon Wireless said early Friday it will lower prices on its unlimited wireless plans.Source: Business and financial news - CNNMoney.com | 15 Jan 2010 | 4:29 pm Credit card charge-offs slip at most U.S. companies (Reuters)
Source: Yahoo! News: Business | 15 Jan 2010 | 4:15 pm Credit card charge-offs slip at most U.S. companiesNEW YORK (Reuters) - U.S. credit card data for December showed some signs that fewer consumers were falling seriously behind in their payments.Source: Reuters: Business News | 15 Jan 2010 | 4:15 pm Latin American Markets: Mexico holds key rate steady; Brazil shares fallMexico's stocks fall and the currency is rangebound Friday after the country's central bank met expectations by leaving its key interest rate unchanged for the sixth consecutive month.
Source: MarketWatch.com - Top Stories | 15 Jan 2010 | 4:10 pm How the major stock indexes fared on Friday (AP)AP - The Dow Jones industrial average had its first triple-digit drop of 2010 as mounting losses from loans at JPMorgan Chase & Co. and a disappointing consumer sentiment reading sent investors rushing from stocks. Financial stocks led the market lower Friday, pulling major stock indexes down about 1 percent from 15-month highs.Source: Yahoo! News: Stock Markets News | 15 Jan 2010 | 4:02 pm Osborne to push for global bank levyA Conservative government would push for a worldwide insurance levy on financial institutions, amid a growing outcry over banks paying what Barack Obama this week called ‘obscene’ bonusesSource: Financial Times - US homepage | 15 Jan 2010 | 4:00 pm Stocks fall on JPMorgan results, sentiment survey (AP)
Source: Yahoo! News: Stock Markets News | 15 Jan 2010 | 3:58 pm JPMorgan bows to pressure over payJPMorgan Chase bowed to the public pressure to rein in bankers’ pay, cutting the portion of revenues earmarked for compensation in an effort to defuse political outrage and spread the pain of the UK bonus tax among employeesSource: Financial Times - US homepage | 15 Jan 2010 | 3:48 pm Triple-digit selloff for the DowStocks slipped Friday, one day after closing at multi-month highs, as investors welcomed better-than-expected profit reports from JPMorgan Chase and Intel, but opted to sell shares regardless.Source: Business and financial news - CNNMoney.com | 15 Jan 2010 | 3:47 pm JPMorgan loan losses overshadow higher Q4 profit (Reuters)
Source: Yahoo! News: Business | 15 Jan 2010 | 3:30 pm Write-Offs: 01.15.10$$$ Committee wants Hank Paulson to testify On AIG [Politico] $$$ Jim Chanos: Just Wait Until The Chinese See Communist Insiders Flipping Their Homes [BI] $$$ More Theories About AIG's Worthless Stock [TBM] $$$ Suit ability: The new uniform of power [FT] 
 Source: Dealbreaker | 15 Jan 2010 | 3:23 pm Podcast: Tax Me Please
The former Copenhagen Stock Exchange. (snarlenarlen/Flickr) On today's Planet Money: The exciting conclusion of our two-part examination of Denmark's unusual economy -- part free-market, part huge welfare state. Denmark's government truly takes care of its people when it comes to things like health care and education. All that costs money though. A recent headline in a Copenhagen newspaper read "Denmark wins highest tax competition." Yes, in 2009 the country had the highest taxes in the world, the most dramatic example being car purchases, which are taxed at 200 percent. Download the podcast; or subscribe. Music: Animal Collective's "Fireworks." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 15 Jan 2010 | 3:22 pm Compensation drops at JP Morgan's investment bankIt reports $549 million in compensation expenses in the latest period, down 80% from the third quarter and 53% from the fourth quarter of 2008.
Source: MarketWatch.com - Top Stories | 15 Jan 2010 | 3:18 pm Barack Obama eases way for bank taxes in UK and worldwideThe office of the London Mayor, the Liberal Democrats, Labour MPs and the unions are not the most obvious of bedfellows. On Friday, though, the unlikely alliance joined in praise of the US bank "super-tax".Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Jan 2010 | 3:17 pm NewsWatch: Stocks post worst one-day drop of 2010Stocks suffer the worst one-day decline of 2010 so far, led by the financial sector, which drops after J.P. Morgan Chase's announcement of weaker-than-expected revenue and a glum outlook.
Source: MarketWatch.com - Top Stories | 15 Jan 2010 | 3:05 pm Weekend Investor: Your off-key index fund might sour your returnsIndividual investors are often told that index-linked funds are better for them than actively managed offerings. That may be true, but index funds carry their own risks that can catch the unsuspecting.
Source: MarketWatch.com - Top Stories | 15 Jan 2010 | 3:01 pm Health-care overhaul pushes stocks higherSome 91% of health-care companies in S&P 500 are within 10% of 52-week highs.
Source: MarketWatch.com - Top Stories | 15 Jan 2010 | 3:00 pm How your text donation gets to HaitiTexting a donation to Haiti relief efforts feels like an immediate way to help, but it could take up to three months for your $10 to land in American Red Cross coffers.Source: Business and financial news - CNNMoney.com | 15 Jan 2010 | 2:54 pm Obama's bold action on bankers embarrasses Labour's gesture politicsLuckily Jamie Dimon has nerve. You need it to run JP Morgan. Or to be the first boss of a US bank to unveil oodles of pay for staff - just a day after President Barack Obama called the bankers' bluff.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Jan 2010 | 2:51 pm Bet on an outsider for Ladbrokes helmGee. Weren't they restrained this week. Chris Bell jumps his last fence as chief executive of Ladbrokes. And there's hardly a bookie in the land prepared to offer odds on his successor.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Jan 2010 | 2:47 pm JPMorgan Chase, CF Industries are movers (AP)AP - The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:Source: Yahoo! News: Stock Markets News | 15 Jan 2010 | 2:47 pm Agencies ill-equipped for US-based terroristsUS military and counter-intelligence establishments are ill-equipped to deal with domestic extremist threats, Robert Gates, US defence secretary, said in comments that highlighted American fears about home-grown terrorismSource: Financial Times - US homepage | 15 Jan 2010 | 2:42 pm Mutual Funds and Your Taxes (The Motley Fool)The Motley Fool - You might be thinking: "Goodness -- mutual funds buy and sell shares of stock each day. Do I have to account for each of these transactions?" The answer is no, you don't.Source: Yahoo! News: Stock Markets News | 15 Jan 2010 | 2:37 pm Wall St stumbles on JPMorgan, economic data (Reuters)
Source: Yahoo! News: Stock Markets News | 15 Jan 2010 | 2:36 pm Wall St stumbles on JPMorgan, economic data (Reuters)
Source: Yahoo! News: Business | 15 Jan 2010 | 2:36 pm U.S. inflation tame, industrial output risesWASHINGTON (Reuters) - U.S. consumer prices rose modestly last month, while industrial output rose on a cold snap, suggesting the economy was growing but not generating a level of inflation that would spur the Federal Reserve to roll back from its stimulative policies.Source: Reuters: Business News | 15 Jan 2010 | 2:36 pm Takeover Panel throws out M&B concert party claimsThe bloody battle for control of Mitchells & Butlers has intensified after the Takeover Panel threw out the pub group's claim that its largest shareholders were working as a concert party.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Jan 2010 | 2:35 pm Time Mr Laffin please, you're over the limit of patienceSimon Laffin, the landlord of Mitchells & Butlers, has led the brawl to eject directors from the company's increasingly rowdy boardroom.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Jan 2010 | 2:34 pm Panic-buying sees sales of corned beef and Spam soar at WaitrosePanic-buying of groceries due to the cold weather and icy conditions saw sales at Waitrose jump 22.2pc over the week to last Saturday.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Jan 2010 | 2:29 pm A Bull In ChinaBy Daniel Costello Skeptics about China's continued economic rise are everywhere these days and many like to point to the similarities between today's China and 1980s Japan. But The Economist warns about too close a comparison this week and argues three main Chinese concerns - overvalued asset prices, overinvestment and excessive bank lending - may be healthier than they seem. Start with asset markets. Chinese share prices are nowhere near as giddy as Japan's were in the late 1980s. In 1989 Tokyo's stockmarket had a price-earnings ratio of almost 70; today's figure for Shanghai A shares is 28, well below its long-run average of 37. Granted, prices jumped by 80% last year, but markets in other large emerging economies went up even more: Brazil, India and Russia rose by an average of 120% in dollar terms. And Chinese profits have rebounded faster than those elsewhere. In the three months to November, industrial profits were 70% higher than a year before. China's property market is certainly hot. Prices of new apartments in Beijing and Shanghai leapt by 50-60% during 2009. Some lavish projects have much in common with those in Dubai--notably "The World", a luxury development in Tianjin, 120km (75 miles) from Beijing, in which homes will be arranged as a map of the world, along with the world's biggest indoor ski slope and a seven-star hotel. Average home prices nationally, however, cannot yet be called a bubble. On January 14th the National Development and Reform Commission reported that average prices in 70 cities had climbed by 8% in the year to December, the fastest pace for 18 months; other measures suggest a bigger rise. But this followed a fall in prices in 2008. By most measures average prices have fallen relative to incomes in the past decade. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 15 Jan 2010 | 2:20 pm Retired CBOT Traders Wax Nostalgic For Days When Biting A Colleague's Nose Off Wasn't Considered Taking It Too Far
Trading-Pit Glamour Dims as Computers Ascend in Film [Bloomberg]
Source: Dealbreaker | 15 Jan 2010 | 2:15 pm Horizons' Atkinson Discusses Tracking ETFs on BlackBerry: AudioSource: Bloomberg - All Podcasts | 15 Jan 2010 | 2:06 pm J&J issues recall of best-selling drugsThe drugmaker issued a recall of millions of bottles of its best-selling over-the-counter drugs, including Tylenol and Motrin, after being urged by the Food and Drug Administration to speed up its investigation into their safetySource: Financial Times - US homepage | 15 Jan 2010 | 2:05 pm UK banks may face Obama-style 'super-levy'A permanent "super-levy" on UK-based banks that echoes the new US tax is being examined by the Treasury.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Jan 2010 | 2:05 pm Starbucks jacks up pricesStarbucks is raising prices on certain drinks by as much as 35 cents in large U.S. markets and in Canada as part of what the coffee chain calls its "normal course of business."Source: Business and financial news - CNNMoney.com | 15 Jan 2010 | 2:04 pm Steel plant's 'stay of execution'Redcar steelworks will continue to make steel until the end of February, or until raw material has run out, it is revealed.Source: BBC News | Business | World Edition | 15 Jan 2010 | 1:53 pm Germany can't lead the eurozone out of troubleThe eurozone has a problem with its fragile Greco-Roman-Iberian-Irish periphery. The periphery has a problem with its solid German centre.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Jan 2010 | 1:40 pm Struggle to keep Haiti survivors alive‘Minimal’ conditions at the UN makeshift hospital to treat survivors of Tuesday’s earthquake are indicative of the desperate struggle to help the millions of affected people against mounting chaosSource: Financial Times - US homepage | 15 Jan 2010 | 1:39 pm E-Trade in talks, shop shut upThe rumours surrounding the possible sale of online brokerage E-Trade seem to have died down - so it must be time to get them going again.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Jan 2010 | 1:35 pm Cadbury's biggest investors reject Kraft bid as too lowPressure on Kraft to raise its takeover offer for Cadbury has been increased further with two of the UK chocolate-maker's biggest shareholders publicly rejected the bid for being too low.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 15 Jan 2010 | 1:27 pm Fed up with the Fed?Ben Bernanke and the rest of the Federal Reserve may think that low interest rates can continue to be just what the economy needs to get back on track.Source: Business and financial news - CNNMoney.com | 15 Jan 2010 | 1:23 pm Ambani’s Indian tiger eyes wounded MGM lionThe Indian billionaire’s Reliance Big Entertainment is preparing to make an offer for debt-laden film company Metro-Goldwyn-Mayer in a move that would bring Bollywood deeper into HollywoodSource: Financial Times - US homepage | 15 Jan 2010 | 12:52 pm Will bonus backlash pay for investors?Thanks to the outcry against Wall Street pay, bank shareholders are in line for a little bonus of their own.Source: Business and financial news - CNNMoney.com | 15 Jan 2010 | 12:43 pm Scores Of TCW Employees Choose DP-Friendly Environment
Source: Dealbreaker | 15 Jan 2010 | 12:38 pm India suspends SocGen from tradingThe French bank is threatened with expulsion from the Indian equities market for allegedly violating ‘know your client’ rules that compel companies to provide complete information on overseas customersSource: Financial Times - US homepage | 15 Jan 2010 | 12:30 pm HSBC Raised to `Buy' at Deutsche Bank: AudioSource: Bloomberg - All Podcasts | 15 Jan 2010 | 12:23 pm Hewin on U.S. Economy, Derrick on Dollar: AudioSource: Bloomberg - All Podcasts | 15 Jan 2010 | 12:21 pm JP Morgan reports $3.3bn profitsWall Street bank JP Morgan Chase reports profits of $3.3bn (£2bn) for the last three months of 2009.Source: BBC News | Business | World Edition | 15 Jan 2010 | 12:11 pm Citi Seems To Care More About Haiti Than Other Banks, God's Included
Source: Dealbreaker | 15 Jan 2010 | 12:03 pm Dumas Discusses Microeconomics and Macroeconomics: AudioSource: Bloomberg - All Podcasts | 15 Jan 2010 | 11:54 am Trennert Sees Growth in Emerging Markets: AudioSource: Bloomberg - All Podcasts | 15 Jan 2010 | 11:53 am Gartman Discusses Greece Budget, Drop in Corn Prices: AudioSource: Bloomberg - All Podcasts | 15 Jan 2010 | 11:52 am Analyst Dana Telsey Sees `Uneven Recovery' in Retail: AudioSource: Bloomberg - All Podcasts | 15 Jan 2010 | 11:51 am JPMorgan Setting Aside Smaller Percentage Of Revenue For Compensation This YearJPM will be paying $9.3 billion in comp and benefits for investment banking employees ($378,600-ish/each) for '09. That's 33 percent of the division's revenue, which Bloomberg notes is way less than the 62% in 2008 and "the lowest proportion allocated for pay since JPMorgan merged with Bank One Corp. in 2004." So don't even entertain the thought of continuing to get up in JD's face about comp. Don't say it and don't even think it.
Source: Dealbreaker | 15 Jan 2010 | 11:29 am Inquiry Could Extend To Clinton AdministrationBy Daniel Costello The chairman of the commission investigating the 2008 financial crisis said he planned to probe the actions of regulators back to the Clinton Administration, broadening his inquiry beyond bankers. In an interview with the Wall Street Journal, former California Treasurer Phil Angelides said he wanted to know "what did the FBI, the Fed, the Department of Justice and others know about subprime lending; when they know it, and why didn't they act?" Mr. Angelides is the former state treasurer of California who is the chairman of Financial Crisis Inquiry Commission charged with determining the causes of the nation's financial debacle. In addition to the public grilling the commission gave top bankers in Washington this week, Angelides said former Federal Reserve Chairman Alan Greenspan and current Chairman Ben Bernanke likely would be called to testify at future commission hearings. He also mentioned former Securities and Exchange Commission heads Christopher Cox, William Donaldson and Arthur Levitt as likely witnesses.
One reason for the longer view: at the hearing, commission members repeatedly raised a 2004 Federal Bureau of Investigation report that warned of an "epidemic" of fraud in the subprime mortgage market which--if left unchecked--could lead to "the next S&L crisis." » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 15 Jan 2010 | 11:24 am Anonymous Source Story Of The Week: Google Looked For HelpGoogle (NASDAQ:GOOG) tried to get several other US companies to stand by it as it called out the Chinese government about cyber attacks on its e-mail service. However, no other firms would “come forward”, despite Google’s requests. Bloomberg ran the story based on comments from “a person familiar with the matter.” Too bad they could not at least [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Jan 2010 | 11:21 am HUD cracks down on mortgage lendersIn the latest government effort to rein in mortgage lenders, the U.S. Department of Housing and Urban Development wants 15 mortgage companies to explain why their loans failed. Jeff Tyler reports.Source: Marketplace Money | 15 Jan 2010 | 11:08 am What you can do to help HaitiThe tragedy that befell the citizens of Haiti has people asking, "What can I do to help?" Ian Moncaster of the World Affairs Council offers some advice.Source: Marketplace Money | 15 Jan 2010 | 11:08 am Can poker make you a better investor?It's one of the oldest cliches in investing: The stock market is just a casino with a ticker. Bob Frick, author of "How Poker Can Make You a Better Investor," explains what can be learned from the classic card game.Source: Marketplace Money | 15 Jan 2010 | 11:08 am Getting PersonalMSN money columnist Liz Pulliam Weston joins Tess Vigeland to take listener questions about credit card debt, and how a parent can help a child financially without doing more harm than good.Source: Marketplace Money | 15 Jan 2010 | 11:08 am A good first step in health care reformMoney's economics editor, Chris Farrell, explains why he's cheering the health care bill that's emerged.Source: Marketplace Money | 15 Jan 2010 | 11:08 am Singing without health insuranceOrlando Campbell, a rapper from Oakland, Calif., talks about the ways musicians struggle with health insurance, even when they've begun to make it big.Source: Marketplace Money | 15 Jan 2010 | 11:07 am HuffPo's 'Move Your Money' campaignArianna Huffington, co-founder of the Huffington Post Web site, explains why she has called upon her readers to abandon the big banks and give smaller, community banks a try.Source: Marketplace Money | 15 Jan 2010 | 11:07 am Time for listeners to chime inTess Vigeland reads comments about our recent coverage -- from our expert's review of the economic collapse to why a family $100,000 in debt should be rewarded.Source: Marketplace Money | 15 Jan 2010 | 11:07 am U.S. accuses J&J of kickback scheme with Omnicare (Reuters)Reuters - The U.S. Justice Department accused giant pharmaceutical company Johnson & Johnson of paying tens of millions of dollars in kickbacks to Omnicare Inc to buy and recommend J&J drugs.Source: Yahoo! News: Business | 15 Jan 2010 | 11:07 am Homebuyer tax credit: No e-file, long delaysGood news homebuyers: You can file for your $8,000 first-time buyer tax credit again.Source: Business and financial news - CNNMoney.com | 15 Jan 2010 | 11:00 am A look at economic developments around the globe (AP)AP - A look at economic developments and activity in major stock markets around the world Friday:Source: Yahoo! News: Stock Markets News | 15 Jan 2010 | 10:44 am FTSE 100 finishes down on US earnings (AFP)
Source: Yahoo! News: Stock Markets News | 15 Jan 2010 | 10:36 am Dual listing for SpotlessAustralian company Spotless Group will trade on the NZSX as a dual listed company from Monday after taking over dry cleaning company Taylors Group. The firm's shares will continue to be quoted on the ASX. Major food service contracts...Source: nzherald.co.nz - Business | 15 Jan 2010 | 10:20 am This Week’s LinksPenguin Unearthed has some great business book reviews. BusinessWeek says that today’s entrepreneurs are likely to be senior citizens. Business Insider has a slideshow on why China is the most obvious bubble ever (via Brian Sullivan). Cheap Talk on why we sit through 10 minutes of movie previews and ads. Barry Ritholz has a nice image of how bankers think.
Source: Business Pundit | 15 Jan 2010 | 10:14 am Beijing seeks to limit Google falloutChina sought to portray the internet group’s threat to pull out of the country as a narrow commercial dispute rather than a pressing political issueSource: Financial Times - US homepage | 15 Jan 2010 | 10:13 am Rebuilding Haiti with no insurance helpPresident Obama has pledged $100 million to help rebuild Haiti. That aid will be important because the country must rebuild without the benefit of much insurance. Jeff Tyler reports.Source: Marketplace | 15 Jan 2010 | 10:08 am J&J in trouble over alleged kickbacksThe U.S. Justice Department is charging Johnson & Johnson with paying millions to a big pharmacy company in order to increase sales of its prescription drugs. Mitchell Hartman reports.Source: Marketplace | 15 Jan 2010 | 10:08 am Weekly Wrap: Wall Street and reformFortune Magazine's Leigh Gallagher and T. Rowe Price's Andy Brooks talk with Kai Ryssdal about what's going on with the stock market and regulation of the financial industry.Source: Marketplace | 15 Jan 2010 | 10:08 am Obama's foreign policy challengesWalter Russell Mead talks with Kai Ryssdal about an article he wrote on the costs and benefits of the Obama administration's foreign policy.Source: Marketplace | 15 Jan 2010 | 10:08 am A knock-off takes on The North FaceThe North Face is one of the most popular wilderness brands. But the company isn't too happy about one aspiring teenage entrepreneur's knock-off brand called The South Butt. Adam Allington reports.Source: Marketplace | 15 Jan 2010 | 10:08 am Small talk: Clothes, bosses, affairsMarketplace's Brendan Newnam and Rico Gagliano chat with fellow staffers Betsy Streisand, Jeremy Hobson and Stacey Vanek-Smith about under-the-radar stories: Destroying clothing, telling off your boss, and Mrs. Robinson.Source: Marketplace | 15 Jan 2010 | 10:08 am Consumer groups fret over Dodd planSenate Banking Committee Chairman Christopher Dodd may scrap plans for the Consumer Protection Agency. Instead, existing federal agencies may be given powers to protect consumers. Nancy Marshall Genzer reports.Source: Marketplace | 15 Jan 2010 | 10:07 am More people not paying credit-card billsJPMorgan Chase is writing off $1.4 billion worth of consumer loans in the fourth quarter, and Capital One is writing off more than 10% of its loans. More and more people are walking away from their credit-card bills. Stacey Vanek-Smith reports.Source: Marketplace | 15 Jan 2010 | 10:07 am Presented By:Source: Dealbreaker | 15 Jan 2010 | 10:05 am Lenny Dykstra Stabbed In Back By One True Love, Will Not Go Down Without A Fight
Unfortunately, Avantair, apparently has a little problem with the fact that Nails hasn't paid them any money since September 2008 and want him out of there, so they're suing the guy. Obviously our little solider isn't going to go down without a fight, which is why he told Avantair's attorneys that "the sheriff" will have to "drag" him out, but this still stings, really bad. And it almost makes me think that the Avantair doesn't remember or perhaps never knew what private flying means to LD, or how they could come to some sort of an agreement wherein he became in their spokesman and in exchange got to sleep on the floor. And so I would ask them to read this, and just, think about what they're doing.
Source: Dealbreaker | 15 Jan 2010 | 10:05 am World markets hit by JP Morgan sales disappoint (AP)
Source: Yahoo! News: Business | 15 Jan 2010 | 9:52 am World markets hit by JP Morgan sales disappoint (AP)
Source: Yahoo! News: Stock Markets News | 15 Jan 2010 | 9:52 am Kura profit downKura, the parent of fishing company Sealord, reported an annual profit of $22.8 million for the year to June, down from $24.2 million in the previous year. The annual report shows revenue up to $584.9 million from $556 million...Source: nzherald.co.nz - Business | 15 Jan 2010 | 9:50 am Johnson & Johnson Kickbacks AllegedBy Daniel Costello Johnson & Johnson and its subsidiaries paid millions of dollars in kickbacks to the nation's largest pharmacy so nursing homes would put more patients on its blockbuster schizophrenia medicine and other drugs, the federal government alleged in a civil complaint filed today. The suit, filed in Boston, alleges Johnson & Johnson of New Brunswick, N.J., and two of its subsidiaries paid money "to induce a nursing home pharmacy company to purchase and recommend J&J drugs, including the anti-psychotic drug Risperdal." The payments, between 1999 and 2004, took various forms, including funds for data that were never provided, escalating rebates for taking Johnson & Johnson products and money for education programs for customers, the Department of Justice said. "We will pursue those who break the law to take advantage of the elderly and the poor," Tony West, assistant attorney general for the civil division of the Department of Justice, said in a prepared statement announcing the action. "Kickbacks such as those alleged here distort the judgments of healthcare professionals and put profits ahead of sound medical treatment." Johnson & Johnson said in a statement it is reviewing the complaint and "will address the government's lawsuit in court. We believe airing the facts will confirm that our conduct, including rebating programs like those the government now challenges, was lawful and appropriate. We look forward to the opportunity to present our evidence in court." » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 15 Jan 2010 | 9:43 am Pershing Square Donates $1 Million To HaitiMatching the $1 million donations from the likes of Goldman Sachs and Morgan Stanley is Pershing Square Asset Management chief William Ackman. The activist hedge fund manager said yesterday that his Pershing Square Foundation would wire its gift to Partners in Health today. Partners in Health offers healthcare services in the stricken country.
Source: Dealbreaker | 15 Jan 2010 | 9:39 am Strike Prices Acting as Tech Share Price Magnets (AAPL, GOOG, AMZN, INTC)An adage in options trading is that the closest and most active strike prices tend to act as magnets that draw share prices that direction as options expiration date gets closer and closer. So far we are seeing very active options expiration trading in some of the usual suspect technology stocks that otherwise have no [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Jan 2010 | 9:31 am More states on budget brinkCalifornia is hurtling into the budgetary abyss -- and it's not alone.Source: Business and financial news - CNNMoney.com | 15 Jan 2010 | 9:22 am New S&S creative directorMebourne-born Dylan Harrison has been appointed executive creative director of Saatchi & Saatchi New Zealand. His appointment follows last month's announcement of Nicky Bell's selection as the new chief executive. Harrison,...Source: nzherald.co.nz - Business | 15 Jan 2010 | 9:20 am Spreading the word in online worldEvery weekend Gianpaolo Grazioli sells more than 2000 gelato icecreams and sorbets from his Queen St store, Giapo Gelato.He has at least that number of people keeping up to date with the business through online social media connections....Source: nzherald.co.nz - Business | 15 Jan 2010 | 9:00 am Discounts skew sales figures for DecemberDiscounting rubbed some of the gloss off a moderate rebound in consumer spending last month.There was a 5.7 per cent increase in the number of purchases charged to credit or debit cards in the core (non-automotive) retail sector,...Source: nzherald.co.nz - Business | 15 Jan 2010 | 9:00 am First shipment of Kupe light crude ready to goThe first shipment of light crude oil from the Kupe project is due to leave Port Taranaki next week.The 120,000 to 180,000 barrel shipment on tanker British Chivalry, due in port tomorrow, was contracted to BP and was going to...Source: nzherald.co.nz - Business | 15 Jan 2010 | 9:00 am Gattung's tell-all memoirFormer Telecom chief executive Theresa Gattung will publish a memoir in March which is being promoted as a no-holds-barred account of her 11-year career at the company.Published by Random House, the book - Bird on a Wire - is...Source: nzherald.co.nz - Business | 15 Jan 2010 | 9:00 am Passengers still keen to fly A380 despite glitchesQantas says technical glitches with its fleet of Airbus A380s haven't dented demand for seats on the world's biggest commercial aircraft."They are really good machines and the public love them," said Lyell Strambi, 51, group executive...Source: nzherald.co.nz - Business | 15 Jan 2010 | 9:00 am House will quiz Geithner on deals with banksTreasury Secretary Timothy Geithner is set to testify before a House committee probing his role in deals that sent billions of bailout dollars to Goldman Sachs Group and other big banks.Edolphus Towns, a New York Democrat, said...Source: nzherald.co.nz - Business | 15 Jan 2010 | 9:00 am China sales lead to NZ baby milk rationingNew Zealand supermarkets are rationing baby formula because of fears of a shortage caused by Chinese buyers selling it in bulk to parents back in their homeland.Chinese-New Zealanders are clearing the shelves of baby formula and...Source: nzherald.co.nz - Business | 15 Jan 2010 | 9:00 am P&O axes Spanish ferry serviceA P&O ferry to Spain operating from Portsmouth is to be withdrawn because of financial losses, putting 252 jobs at risk.Source: BBC News | Business | World Edition | 15 Jan 2010 | 8:48 am $90 Oil… T. Boone Pickens IPO, in CanadaIt seems that every investor cares about initial public offerings. And everyone still seems to care about what T. Boone Pickens thinks about the price of oil and what his views are on fixing the US dependence upon on foreign oil. It turns out that T. Boone Pickens actually has an IPO of an energy [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Jan 2010 | 8:46 am This Week’s Weird Jobs
1. Unfocused guitar player looking for Sherpa/life manager In need of someone to help me organize and focus my life. Sort of like a personal assistant, altho I wont be having you do very much. This gig will probably involve sitting around a lot and doing very little. The compensation offered will reflect that. It may also involve listening to me complain, offering advice, doing tasks for me that I could easily do myself but dont want to, helping me find a job that I like, and picking up beer. These “Sessions” could go on for an hour, or you could party with me if your cool, and it might end up going on for a couple days. The biggest thing is to help find jobs for me that you think I might like and send my resume for me. You should also possess the ability to make a resume for me that disguises the fact that i have very few skills as far as work is concerned. The ideal canidate for this gig has no actual skills in the area of life management, has low expectations, and is an attractive girl. E-mail me for more info and the opportunity to party lavishly with a gawdy and eccentric rock and roller. Nice. 2. Canada: Audit Manager Our client is a very successful and dominant public practice based in the Northwest Territories. It essentially has a monopoly on clients in its geographical region. A monopoly born from great client relationships, quality and integrity. It seeks an Audit Manager with 5-10 years of audit experience to join the firm and provide outstanding service to its broad portfolio of clients. Remuneration: $90,000 – $130,000 + Rent free house + Benefits We’re a friendly monopoly. We swear. 3. Austin: Many jobs in one … Many jobs in one. This job is hard to explain but does guarantee at least minimum wage on your own terms. We need some parking signs sold, we need some ticketing work done and we need some monitoring services. I really don’t know how else to explain it. This job does have some weird hours but in all likelihood, it will be less than 40 hrs per week. There is a real possibility here to develop substantial extra income from bonuses. You will get back what you put into it. Look, we have an elaborate marijuana ring that uses parking lots as fronts. We need you to help set it up, make it look like a legitimate operation, and make sure law enforcement stays out. I really don’t know how else to explain it. 4. Austin: Hiring Dog Adoption Counselor Are you interested in saving the lives of homeless dogs by finding them new families? Responsibilities: • Transport dogs in company vehicle to adoption site This is a CHALLENGING job and seeking only those who are dedicated, honest, and hard-working. Full-time position working 13-14 hour days, 3 days/week. Pay is $10/hour, no benefits at this time. ONLY apply if you have significant amount of dog handling experience. That’s 42 hours/week condensed into 3 dog-filled days. For $10/hour. They’re not kidding when they say CHALLENGING. 5. Oakland: Part Time Domestic Assistant for Busy Christian Executive Duties Include: Other duties would include REQUIRED Experience: Required Personality Traits: Salary: $20 – $30 per hour, based on experience. “The Lord does not look at the things man looks at. Man looks at the outward appearance, but the Lord looks at the heart.” (1 Samuel 16:7) “But while you are serving the Lord, glowing skin and silky tresses can’t hurt, right?” (Anonymous) Happy Friday!
Source: Business Pundit | 15 Jan 2010 | 8:39 am Prince Alwaleed: "The Honeymoon Is Over, Vikram"Watch the latest business video at video.foxbusiness.com
Source: Dealbreaker | 15 Jan 2010 | 8:15 am US consumer prices riseUS consumer prices saw a slower-than-expected rise in December, pushing prices up a total of 2.7% in 2009.Source: BBC News | Business | World Edition | 15 Jan 2010 | 8:02 am Planning For The FutureBy Caitlin Kenney Good morning! We're taking some time today to think about the future of Planet Money so it'll be a quiet day on the blog. But don't worry we'll have a fresh podcast for you this afternoon. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 15 Jan 2010 | 8:00 am National Savings to pay customersDelayed payments to 8,000 holders of National Savings investment bonds will be made on 5 February.Source: BBC News | Business | World Edition | 15 Jan 2010 | 7:49 am Plains All American Taking IPO Spin-off Route (PAA)Plains All American Pipeline, L.P. (NYSE: PAA) is pursuing a spin-off strategy which we have seen elsewhere in the energy patch, but it is a strategy that we saw mostly in 2008. The group announced that it plans to have an IPO of common units representing limited partner interests of PAA Natural Gas Storage, L.P. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Jan 2010 | 7:41 am 900 Bosch workers to get supportHelp has been promised to 900 workers who will lose their jobs when car parts firm Bosch closes its south Wales plant.Source: BBC News | Business | World Edition | 15 Jan 2010 | 7:35 am Tax on bonuses 'threatens London'Mayor of London Boris Johnson claims around 9,000 bankers may leave the City because of increased taxes on high earners.Source: BBC News | Business | World Edition | 15 Jan 2010 | 6:54 am Top Analyst Upgrades and Downgrades (AMD, CMA, EGO, INTC, NVO, OMX, POT, PAYX, RTP, SAP, SPLS)These are Friday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Advanced Micro Devices (NYSE: AMD) Raised to Outperform at FBR. Comerica (NYSE: CMA) Raised to Outperform at BMO Capital. Eldorado Gold (NYSE: EGO) Raised Target to $19.25 from $17.25 at Raymond James. Intel Corporation (NASDAQ: INTC) Raised to Buy at ThinkEquity; Reiterated Buy and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Jan 2010 | 6:48 am Today’s Best Market Rumors (1/15/2010) (MOT)(UBS)(CS)Updated throughout the day. Updated 1.14 PM EST Leap Wireless (NASDAQ:LEAP) may have hired a banker to put inself on the block (Barron’s) Updated 1.14 PM Oracle (NASDAQ:ORCL) may fire 50% of the workforce at Sun. Wall St. bankers made $145 billion last year (WSJ) Motorola (NYSE:MOT) no longer plans to break itself up (WSJ) MGM plans to move ahead with [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Jan 2010 | 6:35 am Opening Bell: 01.15.10
US Banks Set For Record Pay (WSJ) Citigroup's '09 Bonuses Said to be Similar to '08 Levels (Reuters) UBS, Credit Suisse Saw Outflows From Italian Amnesty (Bloomberg) Did Tudor's Tensor really tank? (CTNews)
Source: Dealbreaker | 15 Jan 2010 | 6:30 am China’s Forex Reserves Growing to InfinityIf you are one of the ones worried that China is taking the world over, you might not need to worry about its military doing that. AT the current rate, China will just be able to start buying countries in the future. China’s central bank showed that its foreign exchange reserves rose to a record [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Jan 2010 | 6:27 am JPMorgan Chase (JPM) Exceeds Expectations By A MileSo much for the talk that the reign of JPMorga Chase (NYSE:JPM) as the top money center bank in the US might come to an end with fourth quarter earnings. The bank blew through expectations. Net income rose to $3.3 billion from $702 million in the same period last year. EPS rose to $.74 from $.06. JPM [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Jan 2010 | 5:15 am European stocks mixed before US results (AFP)
Source: Yahoo! News: Stock Markets News | 15 Jan 2010 | 5:01 am Thorough Customs Agents
Source: Business Pundit | 15 Jan 2010 | 4:26 am Largest Risk To Global Stability May Be China GrowthChina’s economic growth is considered by many analysts to be the engine for global GDP improvement. Experts expect China, with its GDP ranked No.2 in the world at close to $5 trillion, will grow well over 10% this year. A sharp deceleration of that increase could be as big as any other threat to world stability. The World Economic Forum [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Jan 2010 | 4:06 am China’s Internet Population Just Shy Of 400 Million In 2009China’s internet population rose to 384 million at the end of 2009, up almost 30% for the year, according to the China Internet Network Information Center. Nearly 30% of the people in the People’s Republic are online. The figure will probably top 400 million by the end of this quarter at the current rate of growth. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 15 Jan 2010 | 3:41 am
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