Saudis urge governments to continue spending in 2010

Saudi Finance Minister Ibrahim al-Assaf said on Sunday that world governments need to keep up their stimulus spending through 2010 to avoid a double-dip recession. "At this time I don't...
Source: RSS feed - channel BNewsBusiness | 24 Jan 2010 | 3:14 am

Hicks agrees Rangers sale

Liverpool FC co-owner Tom Hicks agrees to sell his controlling interest in major league baseball side Texas Rangers.
Source: BBC News | Business | World Edition | 24 Jan 2010 | 3:04 am

Britain sceptical on US banking reform (AFP)

Chancellor of the Exchequer Alistair Darling (seen here in late 2009) has expressed scepticism at proposed US banking reforms, saying they would not have prevented the financial crisis and warning they risk undermining the global consensus.(AFP/File/Derek Blair)AFP - Britain's finance minister expressed scepticism Sunday at proposed US banking reforms, saying they would not have prevented the financial crisis and warning they risk undermining the global consensus.



Source: Yahoo! News: Business News | 24 Jan 2010 | 2:09 am

Kraft promises investment in Cadbury after takeover

The strategy director of US giant Kraft Foods vowed Sunday to invest in British chocolate maker Cadbury and create more jobs in the business in the UK as it seeks to head off concern about...
Source: RSS feed - channel BNewsBusiness | 24 Jan 2010 | 2:03 am

Bank of China to sell up to $5.8 billion in bonds

Bank of China plans to sell up to 40 billion yuan ($5.8 billion) in bonds to replenish its capital and meet government standards following a record surge in lending last year amid Beijing's
Source: RSS feed - channel BNewsBusiness | 24 Jan 2010 | 1:46 am

Bank of China to sell up to $5.8 billion in bonds (AP)

AP - Bank of China plans to sell up to 40 billion yuan ($5.8 billion) in bonds to replenish its capital and meet government standards following a record surge in lending last year amid Beijing's stimulus measures, a state-run news agency reported.
Source: Yahoo! News: Business News | 24 Jan 2010 | 1:46 am

Why doesn't cash fly on many airlines?

Beginning Feb. 1, your money's no good on American Airlines.



Source: L.A. Times - Business | 24 Jan 2010 | 1:00 am

Safety of cars' keyless entry and ignition systems questioned

The technology is popular but quirky and there is no universal standard. Its problems are potentially serious.

The sleek Infiniti G37 Cindy Marsh bought last August was the car of her dreams, equipped with the latest keyless electronics technology that allows her to start the engine with the touch of a button.



Source: L.A. Times - Business | 24 Jan 2010 | 1:00 am

How I Made It: Philip Sherringham

While other banks are failing, New England regional bank People's United Financial is looking to expand to potential growth markets such as California, where CEO Sherringham already has a home. ...
Source: RSS feed - channel BNPaperBusiness | 24 Jan 2010 | 1:00 am

Spend less, save more, money guru advises

Longtime Newsweek columnist Jane Bryant Quinn's latest book, 'Making the Most of Your Money Now,' is a revise of her personal finance classic. Here she talks about how to cope with today's realities.

The first time I read Jane Bryant Quinn's book "Making the Most of Your Money," it struck me as the personal finance equivalent of "The Joy of Cooking." Everything you ever wanted to know was somewhere in those pages. But with more than 1,000 pages, the thought of sitting down to read the book cover to cover was daunting.



Source: L.A. Times - Business | 24 Jan 2010 | 1:00 am

Commercial real estate is a hot market, for court-appointed caretakers

As the sluggish economy deprives building owners of their property, receivers are in high demand.

Bill Hoffman has logged more than 1.5 million airline miles in his travels to troubled hotels, office buildings and other business properties.



Source: L.A. Times - Business | 24 Jan 2010 | 1:00 am

Reader burning mad over tanning tax

Re: " Salon owners call tanning tax unfair ," Jan. 20:



Source: L.A. Times - Business | 24 Jan 2010 | 1:00 am

Not filing taxes is a costly mistake

Dear Liz: I am freaking out and losing sleep. I got a letter about five years ago from the IRS telling me I owed it money, so I stopped filing my taxes. Now I feel scared and nervous and don't know how to fix this. I have my paperwork and want to file all my returns and see how much I owe. I usually get refunds so hopefully the tax bill won't be too bad, but I just don't know where to start. Should I hire an attorney or just throw myself on the mercy of the IRS? Money is tighter than ever, but I feel that I can't move forward until I resolve this issue.



Source: L.A. Times - Business | 24 Jan 2010 | 1:00 am

IRS finally publishes rules for $6,500 repeat home buyer tax credit

If you've been holding back on the new $6,500 federal tax credit for repeat home purchases, you now have all the official IRS guidance you'll need to buy a house, qualify for the credit and pocket the...
Source: RSS feed - channel BNPaperBusiness | 24 Jan 2010 | 1:00 am

Bottom is near for building owners; recovery is another matter

Vacancies soared in 2009, and though that trend is easing, bargain rents will continue to be the norm.

Southern California property professionals are saying good riddance to 2009's rising office vacancies and falling rents, and conjuring hope for somewhat better times later this year.



Source: L.A. Times - Business | 24 Jan 2010 | 1:00 am

Not filing taxes is a costly mistake

Dear Liz: I am freaking out and losing sleep. I got a letter about five years ago from the IRS telling me I owed it money, so I stopped filing my taxes. Now I feel scared and nervous and don't know how...
Source: RSS feed - channel BNPaperBusiness | 24 Jan 2010 | 1:00 am

Bottom is near for building owners; recovery is another matter

Vacancies soared in 2009, and though that trend is easing, bargain rents will continue to be the norm. Southern...
Source: RSS feed - channel BNPaperBusiness | 24 Jan 2010 | 1:00 am

Spend less, save more, money guru advises

Longtime Newsweek columnist Jane Bryant Quinn's latest book, 'Making the Most of Your Money Now,' is a revise of her personal finance classic. Here she talks about how to cope with today's realities. ...
Source: RSS feed - channel BNPaperBusiness | 24 Jan 2010 | 1:00 am

Why doesn't cash fly on many airlines?

Beginning Feb. 1, your money's no good on American Airlines.
Source: RSS feed - channel BNPaperBusiness | 24 Jan 2010 | 1:00 am

Commercial real estate is a hot market, for court-appointed caretakers

As the sluggish economy deprives building owners of their property, receivers are in high demand. Bill Hoffman...
Source: RSS feed - channel BNPaperBusiness | 24 Jan 2010 | 1:00 am

A bit of the Old South in Newport

After spending 20 years of decorating huge multimillion-dollar homes, interior designer Ann Fraser decided it was time to apply her design expertise to her own home. She tore down a 1950s single-level...
Source: RSS feed - channel BNPaperBusiness | 24 Jan 2010 | 1:00 am

Office buildings with the highest vacancy rates

In once-booming parts of L.A. and Orange counties, some leasing agents have little reason for optimism. Two structures in Burbank have no tenants at all.

For some, construction kicked off during better years, when office rentals in prime locales seemed a sure shot for developers. Others are older, once bustling but now deserted after hemorrhaging tenants during the economic downturn.



Source: L.A. Times - Business | 24 Jan 2010 | 1:00 am

Office buildings with the highest vacancy rates

In once-booming parts of L.A. and Orange counties, some leasing agents have little reason for optimism. Two structures in Burbank have no tenants at all. ...
Source: RSS feed - channel BNPaperBusiness | 24 Jan 2010 | 1:00 am

How I Made It: Philip Sherringham

While other banks are failing, New England regional bank People's United Financial is looking to expand to potential growth markets such as California, where CEO Sherringham already has a home.

The gig: Chief executive of 300-branch People's United Financial Inc. of Bridgeport, Conn., the largest regional bank based in New England, with a goal of expanding to California and other potential growth markets.



Source: L.A. Times - Business | 24 Jan 2010 | 1:00 am

Safety of cars' keyless entry and ignition systems questioned

The technology is popular but quirky and there is no universal standard. Its problems are potentially serious. ...
Source: RSS feed - channel BNPaperBusiness | 24 Jan 2010 | 1:00 am

Obama bank plan unlikely to concern Asia: analysts

Plans by US President Barack Obama to curb risk-taking by banks are unlikely to adversely affect Asia's risk-averse financial institutions, analysts said. The proposed measures, which...
Source: RSS feed - channel BNewsBusiness | 24 Jan 2010 | 12:57 am

Britain to exit recession, but faces bleak recovery

An end to Britain's longest recession on record will likely be confirmed this week but recovery for the debt-ridden nation -- facing an election this year -- will be far from smooth,...
Source: RSS feed - channel BNewsBusiness | 23 Jan 2010 | 10:03 pm

Obama facing huge economic challenges ahead (AP)

FILE - In this March 18, 2009 file photo, President Barack Obama, accompanied by, from left, Economic Adviser Christina Romer, Treasury Secretary Timothy Geithner, and Economic Adviser Lawrence Summers, speaks on the South Lawn of the White House in Washington.   (AP Photo/Ron Edmonds, File)AP - One year in, President Barack Obama faces a perilous economic choice.



Source: Yahoo! News: Business News | 23 Jan 2010 | 10:00 pm

Obama facing huge economic challenges ahead

One year in, President Barack Obama faces a perilous economic choice. He can't pull back the stimulus too quickly, despite the public's concerns about rising deficits, because that could
Source: RSS feed - channel BNewsBusiness | 23 Jan 2010 | 10:00 pm

Debt worries erode euro

The crippling debt and shaky financial credibility undermining Greece and some of its partners on financial markets threaten the cohesion of the eurozone and the euro as well, analysts...
Source: RSS feed - channel BNewsBusiness | 23 Jan 2010 | 9:53 pm

N.Koreans barter amid currency change chaos

North Korea's politically motivated currency revaluation is forcing its people to barter for food to survive even though the regime promised a new year drive to raise living standards,...
Source: RSS feed - channel BNewsBusiness | 23 Jan 2010 | 8:55 pm

Obama endorses deficit task force (AP)

President Barack Obama waves as he walks to Marine One on the South Lawn of the White House in Washington Friday, Jan. 22, 2010. (AP Photo/Alex Brandon)AP - President Barack Obama Saturday endorsed a bipartisan plan to name a special task force charged with coming up with a plan to curb the spiraling budget deficit, though the idea has lots of opposition from both his allies and rivals on Capitol Hill.



Source: Yahoo! News: Business News | 23 Jan 2010 | 8:54 pm

US asked to drag China to WTO over Google dispute

Some groups are calling on the United States to challenge China?s "firewall" before the World Trade Organization, as a bilateral row over cyberattacks on Google adds to trade tensions. ...
Source: RSS feed - channel BNewsBusiness | 23 Jan 2010 | 8:50 pm

Senators assure Obama Bernanke to win 2nd term (AP)

FILE - In this July 22, 2009 photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. Bernanke faced mounting Senate opposition for another four-year term Friday, Jan. 22, 2010, even as the White House described President Barack Obama as confident about his confirmation. (AP Photo/Gerald Herbert, file)AP - President Barack Obama phoned Senate allies Saturday as two key senators predicted that embattled Federal Reserve Chairman Ben Bernanke will be confirmed for a second term.



Source: Yahoo! News: Business News | 23 Jan 2010 | 8:43 pm

Obama unloads on high court over campaign finance (AP)

Common Cause Public Campaign President Nick Nyhard, right, accompanied by Common Cause President Bob Edgar, left, and Campaign Legal Center Executive Director Gerald Hebert, center, gestures during a news conference outside the Supreme Court in Washington, Thursday, Jan. 21, 2010, after the Supreme Court campaign finance ruling. (AP Photo/Lauren Victoria Burke)AP - President Barack Obama on Saturday unloaded on a divided Supreme Court for allowing more corporate influence over elections. The White House and Democratic lawmakers scrambled to figure out how to blunt the impact of the ruling.



Source: Yahoo! News: Business News | 23 Jan 2010 | 5:35 pm

Latam leftists to meet on new regional currency

Venezuela and leftist allies will meet Monday in Caracas to fine tune a new regional currency to break the "dependency on the (US) dollar," President Hugo Chavez said Saturday. "On...
Source: RSS feed - channel BNewsBusiness | 23 Jan 2010 | 5:04 pm

Britain on the brink of leaving recession

City economists expect figures published this week will confirm that Britain has pulled out of recession, with gross domestic product in the fourth quarter up by 0.3% on the previous three months.


Source: Latest Business News from Times Online | 23 Jan 2010 | 5:01 pm

BBC lines up sale of Radio Times division

Radio Times and Gardeners’ World magazine could soon have new owners. The BBC is considering the sale of its magazine division, which produces 50 titles, after being ordered to curb its money-making activities.


Source: Latest Business News from Times Online | 23 Jan 2010 | 5:01 pm

Betfair stock market punt

Betfair, the online gaming exchange, has selected two investment banks to advise it on a £1.5 billion stock-market flotation.


Source: Latest Business News from Times Online | 23 Jan 2010 | 5:01 pm

Italians move in to scupper Tullow’s Ugandan deal

ENI, the Italian energy giant, may give a cash sweetener of up to $300m ($£186m) to the Ugandan government to convince it to approve a $1.5 billion purchase of oilfields and thwart a rival offer from Tullow, the FTSE 100 exploration group.$


Source: Latest Business News from Times Online | 23 Jan 2010 | 5:01 pm

Kraft makes plans to raise £7bn in the bond market

The American food giant Kraft is preparing to tap the bond markets to help finance its £11.9 billion takeover of Cadbury, the chocolate maker.


Source: Latest Business News from Times Online | 23 Jan 2010 | 5:01 pm

Goldman Sachs slashes London superstars’ pay to £1m

Goldman Sachs, the American investment bank, is capping the salary and bonus packages of its top London staff at £1m.


Source: Latest Business News from Times Online | 23 Jan 2010 | 5:01 pm

Celebrity loan book for sale

The Icelandic bank that helped fund the luxury lifestyle of Britain’s business elite during the boom years has been put up for sale.


Source: Latest Business News from Times Online | 23 Jan 2010 | 5:01 pm

Buyout firm swoops on survival gear maker

A company that supplies large inflatable tents — used by the Red Cross as hospitals in disaster areas such as Haiti — is close to being sold for about £280m.


Source: Latest Business News from Times Online | 23 Jan 2010 | 5:01 pm

Cyprus hunt for missing E-Clear cash

Administrators at E-Clear, the card payments group that collapsed last week, are to investigate whether money from the company was diverted to the other business interests of Elias Elia, the chief executive.


Source: Latest Business News from Times Online | 23 Jan 2010 | 5:01 pm

Chocolate soldier’s surrender

In the end Irene Rosenfeld wanted photos and Roger Carr wouldn’t oblige — that’s not his style. “Relations were professional and clinical,” says Carr, betraying little emotion.


Source: Latest Business News from Times Online | 23 Jan 2010 | 5:01 pm

RDF Media in talks with rival

RDF Media, the producer of Location, Location, Location and Wife Swap is in talks about being snapped up by rival Zodiak.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jan 2010 | 4:29 pm

Spyker closes in on GM's Saab

General Motors is edging closer to completing the restructuring of its European operations with the sale of Saab to Spyker, the Dutch luxury car maker.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jan 2010 | 4:27 pm

Non-execs 'underpaid' for job

AN average salary of £44,000 for non-executive directors in the FTSE 350 is not enough to attract the top candidates to the job, a new study has warned.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jan 2010 | 4:24 pm

Outed by billboards, Oracle prez admits affair

Oracle Corp. President Charles Phillips admitted Friday to an affair first exposed on pricey billboards plastered throughout New York's Times Square, San Francisco and Atlanta.
Source: Business and financial news - CNNMoney.com | 23 Jan 2010 | 4:11 pm

12 greenest cars of 2010


Source: Business and financial news - CNNMoney.com | 23 Jan 2010 | 4:03 pm

Mini Cooper SUV unveiled


Source: Business and financial news - CNNMoney.com | 23 Jan 2010 | 4:02 pm

Profit alerts drop 37pc,but recovery to be 'bumpy'

Profit warnings fell sharply in 2009 and economists expect the recession to be declared over this week, but Ernst & Young has warned Britain's corporate sector of setbacks in the months ahead.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jan 2010 | 4:02 pm

General Healthcare hires banks for £1bn flotation

The owners of private health care provider General Healthcare Group are understood to have hired bankers for a £1bn-plus stock market listing in the next few months.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jan 2010 | 3:54 pm

AstraZeneca eyes fresh share buy-back scheme after stellar 2009

AstraZenica, one of Britain's biggest companies, could this week announce plans to spend billions of dollars repurchasing its own shares.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jan 2010 | 3:48 pm

Union: Chrysler delays plan to close Ohio plant (AP)

AP - Union leaders say Chrysler's stamping plant in Ohio will stay open until June 26, three months longer than the company had planned.
Source: Yahoo! News: Business News | 23 Jan 2010 | 3:46 pm

Crown in row over energy supply

Utility companies hoping to build eight vital gas storage projects for UK supplies have written to MPs urging them to stop the Crown Estate from tripling fees for leasing suitable land off the British coast.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jan 2010 | 3:45 pm

Obama urges creation of U.S. deficit panel

WASHINGTON (Reuters) - President Barack Obama called on the U.S. Congress on Saturday to create a bipartisan panel that would look at ways to rein in the country's soaring deficits.

Source: Reuters: Business News | 23 Jan 2010 | 3:41 pm

Piedmont plans for 'Fab Four' to join M&B board

Joe Lewis, the activist shareholder engaged in a bloody battle with the board of Mitchells & Butlers, has called on the pub company to throw out its banking advisers, focus on driving profits and increase disclosure.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jan 2010 | 3:38 pm

BP's Iraq oil deal faces court battle

An Iraqi MP is attempting to derail BP's flagship deal to develop the giant Rumaila oil field in legal action against the country's prime minister and oil minister.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jan 2010 | 3:32 pm

Tchenguiz brothers claim Kaupthing owes them £2bn

Companies linked to Robert and Vincent Tchenguiz, the property entrepreneurs, have filed creditors' claims totalling £2.26bn against Kaupthing, despite being among the failed Icelandic bank's biggest borrowers.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jan 2010 | 3:25 pm

NewsWatch: U.S. stocks week ahead: Flirting with correction

U.S. stocks face a lengthy line-up of political and corporate events that could reinforce, or derail, a recent bout of selling some analysts are calling a correction.



Source: MarketWatch.com - Top Stories | 23 Jan 2010 | 3:05 pm

Oil spilled at east Texas port as ships collide (AP)

AP - About 450,000 gallons of crude oil spilled in a southeast Texas port Saturday after two vessels collided, the U.S. Coast Guard said. No injuries have been reported, but part of the port has been closed.
Source: Yahoo! News: Business News | 23 Jan 2010 | 1:23 pm

Senators predict Bernanke confirmation

Gregg, Dodd say Fed chief will keep his job.



Source: MarketWatch.com - Top Stories | 23 Jan 2010 | 1:14 pm

Stocks to Watch: Look for tech players to move Monday

Among the companies whose shares are expected to see active trading Monday are Apple and Google.



Source: MarketWatch.com - Top Stories | 23 Jan 2010 | 11:48 am

Financial Stability Board backs Obama bank plan

G20 agency says it welcomes U.S. president's move to ban banks from trading for their own accounts and is considering a similar move.



Source: MarketWatch.com - Top Stories | 23 Jan 2010 | 11:46 am

U.S. will appeal Blackwater ruling: Biden

Vice president says government will ask a federal court to reinstate charges against security guards accused of killing Iraqi civilians in 2007.



Source: MarketWatch.com - Top Stories | 23 Jan 2010 | 11:23 am

Obama takes aim at court ruling on campaigns

President says he'll work with Congress to reinstate limits on corporate politcal donations after Supreme Court rules current law is an unconstitutional abridgement of free speech.



Source: MarketWatch.com - Top Stories | 23 Jan 2010 | 11:13 am

Volkswagen cuts global market sales forecast: report

FRANKFURT (Reuters) - Volkswagen revised its previous assumptions for global car market sales lower by 67 million vehicles for the period through 2018, Automobilwoche reported, citing a letter presented to VW's top management.

Source: Reuters: Business News | 23 Jan 2010 | 10:20 am

Why Apple dropped 10 bucks Friday


Source: Business and financial news - CNNMoney.com | 23 Jan 2010 | 10:09 am

Berlin plans G20 financial oversight meeting

BERLIN (Reuters) - Germany will host a meeting of the Group of 20 nations in May to focus efforts on reforming financial regulation in the wake of new U.S. proposals for governing banks, a finance ministry spokesman said.

Source: Reuters: Business News | 23 Jan 2010 | 10:05 am

NewsWatch: U.S. stocks week ahead: Flirting with correction

U.S. stocks face a lengthy line-up of political and corporate events that could reinforce, or derail, a recent bout of selling some analysts are calling a correction.



Source: MarketWatch.com - Top Stories | 23 Jan 2010 | 10:00 am

GM expects to need new China plant as sales rise

SHANGHAI (Reuters) - General Motors expects it will need to build a new greenfield manufacturing facility in the near future in China to accommodate strong growth in the world's largest auto market, but it will not be building a plant this year, its China president said on Saturday.

Source: Reuters: Business News | 23 Jan 2010 | 10:00 am

Saudi Zain in credit talks after missing commitments

RIYADH (Reuters) - Zain Saudi Arabia , the kingdom's newest mobile phone operator, said on Saturday it is in talks with lenders after missing some commitments last year on a two-year $2.5-billion Islamic loan.

Source: Reuters: Business News | 23 Jan 2010 | 9:52 am

Security handover key for Afghan summit

Western powers plan to strike an agreement with Afghanistan’s government at a conference in London next week to ensure foreign troops can hand over responsibility for providing security to Afghan forces as quickly as possible
Source: Financial Times - US homepage | 23 Jan 2010 | 9:46 am

Report: Barclays to defer bonuses (AP)

AP - Barclays is planning to defer bonuses for its highest-paid executives in hopes of quashing public outrage regarding pay for bankers, Britain's Financial Times reported Saturday.
Source: Yahoo! News: Business News | 23 Jan 2010 | 9:31 am

Obama says US court ruling a blow to democracy

President Barack Obama launched an extraordinary attack on the US Supreme Court, saying a ruling on corporate donations to political campaigns this week ‘strikes at democracy itself’
Source: Financial Times - US homepage | 23 Jan 2010 | 9:08 am

Odds against a pot of gold

When Ewen McNeill was born in 1973, his parents bought him $10 worth of Bonus Bonds. Last month, he found the paperwork in a filing cabinet, where it had sat for 35 years. McNeill went to ANZ to claim his newfound wealth. His...
Source: nzherald.co.nz - Business | 23 Jan 2010 | 9:00 am

Broker's position under review

High-profile broker Suzanne Tierney's positions as president of the Auckland Property Investors Association and board member of the New Zealand Mortgage Brokers Association are being reviewed.After losing a court battle over money...
Source: nzherald.co.nz - Business | 23 Jan 2010 | 9:00 am

Bernard Hickey : Robust tax proposals are difficult for Key to ignore

There was an "aha" moment in the tax reform debate last year when it dawned on policymakers New Zealand had a problem.Inland Revenue and Treasury unearthed a factoid that set the Tax Working Group's agenda. It found there...
Source: nzherald.co.nz - Business | 23 Jan 2010 | 9:00 am

Snub for squillionaire's superyachts

Big-spending overseas millionaires' superyachts are being turned away from Auckland because of lack of decent berths, losing the city potential business and star attraction.As the 66m Triple Seven arrives in Auckland Harbour today,...
Source: nzherald.co.nz - Business | 23 Jan 2010 | 9:00 am

Lie back for the long haul

Forget about flying high, Air New Zealand passengers will be laid low by new seats that allow them to lie back, stretch out and sleep - a world first for economy-class travel.While Air New Zealand is remaining tight-lipped about...
Source: nzherald.co.nz - Business | 23 Jan 2010 | 9:00 am

Pushy peddlers on the rise

Residents unhappy with the conduct of door-to-door salesmen are being urged to report concerns directly to the company they represent.The approach is a favourite of power and telecommunications companies and appears to be on the...
Source: nzherald.co.nz - Business | 23 Jan 2010 | 9:00 am

Market Snapshot: U.S. stocks week ahead: Flirting with correction

U.S. stocks face a lengthy line-up of political and corporate events that could reinforce, or derail, a recent bout of selling some analysts are calling a correction.



Source: MarketWatch.com - Top Stories | 23 Jan 2010 | 8:02 am

Barclays bank to 'defer bonuses'

Barclays Bank is to defer paying bonuses earned this year to its directors and senior staff for up to three years.
Source: BBC News | Business | World Edition | 23 Jan 2010 | 7:45 am

Spyker "well-positioned" to buy Saab: Genii Capital

STOCKHOLM (Reuters) - Spyker Cars NV is "well-positioned" to purchase ailing Swedish carmaker Saab after negotiations with owner General Motors in Stockholm, a spokesman for rival bidder Genii Capital said on Saturday.

Source: Reuters: Business News | 23 Jan 2010 | 7:40 am

Concern over prepaid card costs

People in some of the poorest parts of the country are having benefits paid onto pre-paid cards, but many are not aware of the costs involved.
Source: BBC News | Business | World Edition | 23 Jan 2010 | 7:31 am

Bankers lose their luster at Davos

Some of Wall Street's heaviest hitters are taking a break from the World Economic Forum this year rather than risk criticism back home for hanging out with other power brokers at an exclusive Swiss ski resort.



Source: MarketWatch.com - Top Stories | 23 Jan 2010 | 7:29 am

Official rescue efforts end in Haiti

Haiti has officially abandoned the search and rescue effort to find survivors from the earthquake which devastated much of the capital, Port-au-Prince
Source: Financial Times - US homepage | 23 Jan 2010 | 7:28 am

UN climate specialist defends glacier report

The chief of the Nobel Prize winning United Nations climate change panel admitted that its dire warning that Himalayan glaciers could disappear by 2035 was ‘an error, but said the threat posed by global warming could not be ignored
Source: Financial Times - US homepage | 23 Jan 2010 | 7:12 am

NewsWatch: Stock market correcting amid mostly upbeat results

The numbers and the U.S. stock market’s reaction are telling different stories about the results early in the earnings-reporting season.



Source: MarketWatch.com - Top Stories | 23 Jan 2010 | 7:05 am

Getting in on China's stock boom

The group gathers every weekday: At least four ladies, and sometimes as many as eight, gather at the cavernous, badly lit brokerage office on Shanghai's Xiangyang Lu in what was known, when China was colonized by European powers in the 19th century, as the French Concession.
Source: Business and financial news - CNNMoney.com | 23 Jan 2010 | 7:04 am

900 auto dealers to take on GM and Chrysler

About 900 General Motors and Chrysler dealerships that got the ax as the Detroit giants went through bankruptcy have filed notice that they will appeal their shutdown, according to the American Arbitration Association.
Source: Business and financial news - CNNMoney.com | 23 Jan 2010 | 7:03 am

Beer and a whopper: Burger King bar debuts

Burger King Corp. said Friday it plans to open a Whopper Bar in the South Beach area of Miami next month.
Source: Business and financial news - CNNMoney.com | 23 Jan 2010 | 7:02 am

If Not Bernanke, Who? A Short List.

Some members of the Senate have turned against the nomination of Ben Bernanke as the chairman of The Federal Reserve. They feel that he may be to0 closely associated with the actions of the central bank before the recession. These Senators say he could have done more to prevent the disaster. They are actually running frightened after the [...]

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Source: 24/7 Wall St. | 23 Jan 2010 | 6:28 am

450,000 at risk in foreclosure-prevention program

Hundreds of thousands of troubled homeowners who are making lower mortgage payments on a trial basis are at risk of being kicked out of President Obama's foreclosure-prevention program.
Source: Business and financial news - CNNMoney.com | 23 Jan 2010 | 5:27 am

Financial stability board welcomes Obama bank plan

ZURICH (Reuters) - The Financial Stability Board (FSB), charged by the G20 to coordinate national regulation in response to the financial crisis, on Saturday welcomed U.S. proposals to limit banks' size and trading activities.

Source: Reuters: Business News | 23 Jan 2010 | 3:34 am