|
|
|
|
U.S. growth spurt fans recovery hopesDAVOS, Switzerland (Reuters) - An acceleration in U.S. economic growth at the end of last year has fanned optimism about the outlook for global growth among business chiefs and policymakers in Davos.Source: Reuters: Business News | 30 Jan 2010 | 3:31 am UBS board has no one lined up to succeed CEOZURICH (Reuters) - No successor has yet been lined up to follow UBS chief executive Oswald Gruebel, the chairman of the Swiss bank's executive board was quoted as saying in a newspaper interview on Saturday.Source: Reuters: Business News | 30 Jan 2010 | 3:07 am Rep Frank says banks "recognizing reality"DAVOS, Switzerland (Reuters) - Barney Frank, the powerful chairman of the House Financial Services Committee, said on Saturday a reported move by banks to agree on a global wind-down fund was a "major recognition of reality."Source: Reuters: Business News | 30 Jan 2010 | 2:23 am Trade ministers downbeat on WTO prospects (Reuters)
Source: Yahoo! News: Business News | 30 Jan 2010 | 2:22 am Trade ministers downbeat on WTO prospectsDAVOS, Switzerland (Reuters) - Trade ministers were skeptical on Saturday about the prospects of concluding stalled global trade liberalization talks this year, with some blaming the United States for foot-dragging.Source: Reuters: Business News | 30 Jan 2010 | 2:22 am Davos: Toyota chief says 'sorry' for recall crisisThe president of Toyota today said sorry for making customers feel “uneasy” after the Japanese carmaker was forced to recall millions of cars across the global because of faulty accelerator pedals. Source: Latest Business News from Times Online | 30 Jan 2010 | 2:10 am Davos: Banks 'wake-up to reality' on wind-down levyBarney Frank, the chairman of the US House Financial Services Committee, today praised bankers for their backing of a global wind-down fund, branding the move as a “major recognition of reality”. Source: Latest Business News from Times Online | 30 Jan 2010 | 1:45 am U.S. growth spurt fans recovery hopesDAVOS, Switzerland (Reuters) - An acceleration in U.S. economic growth at the end of last year has fanned optimism about the outlook for global growth among business chiefs and policymakersSource: RSS feed - channel BNewsBusiness | 30 Jan 2010 | 1:36 am Gov't officials, bankers meet in Davos (AP)
Source: Yahoo! News: Business News | 30 Jan 2010 | 1:34 am Who helped corporate rich get richer? You didIn the banking industry in 2009, the rich got richer -- which has, of course, infuriated much of the nation.Source: RSS feed - channel BNPaperBusiness | 30 Jan 2010 | 1:00 am First Regional Bank of Century City closed by regulatorsBranches will reopen on Monday after First-Citizens Bank & Trust Co. of Raleigh, N.C., agrees to assume all the deposits of the failed institution. ...Source: RSS feed - channel BNPaperBusiness | 30 Jan 2010 | 1:00 am U.S. GDP grows at 5.7% rate in fourth quarterThe rate is the best in six years, but economists don't expect it to last. The U.S. economy grew in the fourth...Source: RSS feed - channel BNPaperBusiness | 30 Jan 2010 | 1:00 am Who helped corporate rich get richer? You didIn the banking industry in 2009, the rich got richer -- which has, of course, infuriated much of the nation.
Source: L.A. Times - Business | 30 Jan 2010 | 1:00 am CBS News braces for more layoffs next weekAs many as 100 jobs are said to be on the chopping block, though an executive disputes that figure. Even '60 Minutes' will have to make cuts. ...Source: RSS feed - channel BNPaperBusiness | 30 Jan 2010 | 1:00 am High airport security may be cutting theftsWith automated baggage procedures, fewer opportunities to filch items now arise. At Philadelphia International...Source: RSS feed - channel BNPaperBusiness | 30 Jan 2010 | 1:00 am Doubt cast on Toyota's decision to blame sudden acceleration on gas pedal defectThe pedal maker denies that its products are at fault. Some independent safety experts also are skeptical of Toyota's explanations. 'We know this recall is a red herring,' one says. ...Source: RSS feed - channel BNPaperBusiness | 30 Jan 2010 | 1:00 am Barbie leads Mattel to fourth-quarter profit surgeThe toy maker reports an 86% jump in earnings, thanks to strong holiday sales and company cost-cutting.Strong Christmas sales of Barbie and other toys helped push Mattel Inc.'s fourth-quarter profit up 86% compared with the same period a year earlier, the nation's largest toy maker said.
Source: L.A. Times - Business | 30 Jan 2010 | 1:00 am Chevron's net income drops 37% in fourth quarterProfit fell to $3.07 billion from $4.9 billion a year earlier. CEO John Watson blames the decline on weak demand and excess supply worldwide. ...Source: RSS feed - channel BNPaperBusiness | 30 Jan 2010 | 1:00 am L.A.'s Ron Burkle bids for N.Y.'s BarneysThe grocery store magnate reportedly wants to acquire a controlling stake in the troubled luxury retailer. Ron...Source: RSS feed - channel BNPaperBusiness | 30 Jan 2010 | 1:00 am U.S. GDP grows at 5.7% rate in fourth quarterThe rate is the best in six years, but economists don't expect it to last.The U.S. economy grew in the fourth quarter of 2009 at the fastest pace in six years, but many economists and business owners remained unconvinced that a full-scale recovery was underway or that substantial job growth would soon follow.
Source: L.A. Times - Business | 30 Jan 2010 | 1:00 am CBS News braces for more layoffs next weekAs many as 100 jobs are said to be on the chopping block, though an executive disputes that figure. Even '60 Minutes' will have to make cuts.CBS News, seeking to hold down news-gathering costs as its flagship evening and morning news programs continue to trail in the ratings, is preparing a significant round of layoffs next week, according to people familiar with the situation.
Source: L.A. Times - Business | 30 Jan 2010 | 1:00 am Economy grows at 5.7% pace, fastest since 2003WASHINGTON -- The economy grew faster than expected at the end of last year, though the engine of that growth -- companies replenishing stockpiles -- is likely to weaken as consumers keep a lid on spending...Source: RSS feed - channel BNPaperBusiness | 30 Jan 2010 | 1:00 am Kohl's is fitting in with the new frugalityIn mere months, the 30 department stores the chain opened in California have turned out promising initial results -- attracting many first-time customers and boosting business at existing locations. ...Source: RSS feed - channel BNPaperBusiness | 30 Jan 2010 | 1:00 am First Regional Bank of Century City closed by regulatorsBranches will reopen on Monday after First-Citizens Bank & Trust Co. of Raleigh, N.C., agrees to assume all the deposits of the failed institution.First Regional Bank of Century City on Friday became the first California bank this year to be shut down by regulators, a victim of real estate loans that went bad.
Source: L.A. Times - Business | 30 Jan 2010 | 1:00 am High airport security may be cutting theftsWith automated baggage procedures, fewer opportunities to filch items now arise.At Philadelphia International Airport, a baggage screener was caught in March of last year stealing laptop computers and a video game system from the luggage of airline passengers.
Source: L.A. Times - Business | 30 Jan 2010 | 1:00 am Chevron's net income drops 37% in fourth quarterProfit fell to $3.07 billion from $4.9 billion a year earlier. CEO John Watson blames the decline on weak demand and excess supply worldwide.Chevron Corp., the nation's No. 2 oil company, said Friday that its fourth-quarter net income fell by more than a third compared with a year earlier.
Source: L.A. Times - Business | 30 Jan 2010 | 1:00 am L.A.'s Ron Burkle bids for N.Y.'s BarneysThe grocery store magnate reportedly wants to acquire a controlling stake in the troubled luxury retailer.Ron Burkle is known for investing in supermarkets, but the Los Angeles magnate apparently is making a move to go more upscale.
Source: L.A. Times - Business | 30 Jan 2010 | 1:00 am Doubt cast on Toyota's decision to blame sudden acceleration on gas pedal defectThe pedal maker denies that its products are at fault. Some independent safety experts also are skeptical of Toyota's explanations. 'We know this recall is a red herring,' one says.Toyota Motor Corp.'s decision to blame its widening sudden-acceleration problem on a gas pedal defect came under attack Friday, with the pedal manufacturer flatly denying that its products were at fault.
Source: L.A. Times - Business | 30 Jan 2010 | 1:00 am Kohl's is fitting in with the new frugalityIn mere months, the 30 department stores the chain opened in California have turned out promising initial results -- attracting many first-time customers and boosting business at existing locations.Kohl's Corp. gambled big when it opened 30 new California stores last year amid one of the worst retail environments in decades.
Source: L.A. Times - Business | 30 Jan 2010 | 1:00 am Government officials, bankers meet in DavosGovernment officials from several nations are meeting behind closed doors with bankers, discussing proposals for regulation that have many in the financial sector concerned. U.S....Source: RSS feed - channel BNewsBusiness | 30 Jan 2010 | 12:36 am DAVOS-JCDecaux sees Russian opportunity in 2012DAVOS, Switzerland, Jan 30 (Russia) - JCDecaux , Europe's largest outdoor advertising group, sees an opportunity to crack the lucrative Russian market in 2012, its co-Chief Executive Jean-Francois Decaux...Source: RSS feed - channel BNewsBusiness | 30 Jan 2010 | 12:12 am Japan not as worried about US Toyota recalls (AP)
Source: Yahoo! News: Business News | 30 Jan 2010 | 12:03 am Mexico GDP down 6.8 percent in 2009Mexico's economy shrank 6.8 percent in 2009, the worst result in at least 30 years, the Treasury Department said Friday. The decline in full-year gross domestic product outpaced the 6.2...Source: RSS feed - channel BNewsBusiness | 29 Jan 2010 | 11:43 pm Toyota chief apologizes for huge recallTOKYO (Reuters) - Toyota Motor Corp President Akio Toyoda apologized for the recall of millions of vehicles around the world, Japanese broadcaster NHK reported, as the deepening recall crisis threatened to further damage its sales and delay an earnings recovery.Source: Reuters: Business News | 29 Jan 2010 | 11:01 pm Toyota chief apologizes for huge recall (Reuters)
Source: Yahoo! News: Business News | 29 Jan 2010 | 11:01 pm China expects auto sales growth to slowChina will continue to boost its auto sector in 2010, but expects sales to grow more slowly after overtaking the US as the world's largest auto market last year, state media reported...Source: RSS feed - channel BNewsBusiness | 29 Jan 2010 | 10:56 pm Are U.S. stocks set for a down year?NEW YORK (Reuters) - The adage 'as January goes, so goes the year' bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. In the coming week, they will have to contend with fears of sovereign defaults and the potential for unpleasant surprises in the U.S. labor market.Source: Reuters: Business News | 29 Jan 2010 | 10:24 pm Are U.S. stocks set for a down year? (Reuters)
Source: Yahoo! News: Stock Markets News | 29 Jan 2010 | 10:24 pm Are U.S. stocks set for a down year?NEW YORK (Reuters) - The adage 'as January goes, so goes the year' bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. In the coming week, theySource: RSS feed - channel BNewsBusiness | 29 Jan 2010 | 10:24 pm Market Snapshot: U.S. stocks stumble in FebruaryShares are stumbling into February, and a fresh batch of economic reports this coming week is likely to dictate investor sentiment.
Source: MarketWatch.com - Top Stories | 29 Jan 2010 | 10:01 pm ALL BUSINESS: Double standard in mortgage walkaway (AP)AP - Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can't pay its mortgage. That's good business.Source: Yahoo! News: Business News | 29 Jan 2010 | 10:00 pm McConnell Backs Panel With Focus on Funding Cuts, Not Tax Hikes (Bloomberg)Bloomberg - Jan. 30 (Bloomberg) -- Senate Republican Leader Mitch McConnell endorsed a deficit-cutting commission that would focus only on reducing spending, including for the Medicare and Social Security programs, and take any tax increases off the table.Source: Yahoo! News: Business News | 29 Jan 2010 | 10:00 pm West Coast Bancorp Announces Commencement of Rights OfferingSource: RSS feed - channel BNewsBusiness | 29 Jan 2010 | 9:48 pm Argentina's top banker resignsArgentina's central bank chief Martin Redrado resigns after a bitter public row with the country's president.Source: BBC News | Business | World Edition | 29 Jan 2010 | 9:20 pm HCA to pay owners $1.75 billion dividendNEW YORK (Reuters) - HCA Inc said on Friday it will pay its private equity owners a $1.75 billion dividend as the hospital operator reported preliminary fourth-quarter results showing net...Source: RSS feed - channel BNewsBusiness | 29 Jan 2010 | 9:14 pm UPDATE 1-HCA to pay owners $1.75 bln dividend* Reports prelim Q4 profit down 22 pct; revenue up 4.7 pctSource: RSS feed - channel BNewsBusiness | 29 Jan 2010 | 9:13 pm Regulators shut down banks in 5 states (AP)AP - Regulators shut down a big bank in California on Friday, along with two banks in Georgia and one each in Florida, Minnesota and Washington. That brought to 15 the number of bank failures so far in 2010 atop the 140 shuttered last year in the punishing economic climate.Source: Yahoo! News: Business News | 29 Jan 2010 | 8:48 pm Regulators shut down banks in 5 statesRegulators shut down a big bank in California on Friday, along with two banks in Georgia and one each in Florida, Minnesota and Washington. That brought to 15 the number of bank failures soSource: RSS feed - channel BNewsBusiness | 29 Jan 2010 | 8:24 pm Weekend Investor: Fund manager switch is an investing red flagBuy the manager, or buy the mutual fund? That's the challenge for investors when a fund manager leaves. A management switch is a red flag, forcing shareholders to play fund detective -- asking hard questions, deciphering answers, and ultimately choosing to stay or to sell.
Source: MarketWatch.com - Top Stories | 29 Jan 2010 | 8:19 pm Taxing Times: It's time for your Early-Bird Tax GuideDoes a day go by without a lawmaker proposing a new tax provision? Maybe a day does, but certainly not a week. And this week was a doozy, with President Obama proposing a number of tax-law changes to help out the middle class, including a higher child-care tax credit, a more generous retirement saver’s credit, and some small-business tax provisions.
Source: MarketWatch.com - Top Stories | 29 Jan 2010 | 8:12 pm Five banks fail, bringing tally for 2010 to 14The credit crunch continued to take its toll on the banking industry as regulators closed five U.S. banks, bringing the total number of failures for the year so far to 14.
Source: MarketWatch.com - Top Stories | 29 Jan 2010 | 8:11 pm Independence Day for the FedInteresting times lie ahead for Ben Bernanke.Source: Business and financial news - CNNMoney.com | 29 Jan 2010 | 7:40 pm Six banks fail, in Florida, Georgia and CaliforniaRegulators shuttered six banks Friday night, notching up 15 failed banks in the first month of in 2010.Source: Business and financial news - CNNMoney.com | 29 Jan 2010 | 7:38 pm TaxWatch: Don't overlook these valuable tax breaksFrom the expiring estate tax in 2010 to the various Obama administration proposals, including a bigger child-care tax credit and small-business breaks, there’s no shortage of tax-related headlines these days. But none of that is going to help when you do your 2009 taxes.
Source: MarketWatch.com - Top Stories | 29 Jan 2010 | 7:29 pm Niger Delta militants call off truce with Nigeria (AP)
Source: Yahoo! News: Business News | 29 Jan 2010 | 6:28 pm For Toyota drivers, confusion and growing anger (AP)
Source: Yahoo! News: Business News | 29 Jan 2010 | 5:52 pm MGM studio wins debt leeway as auction progressesLOS ANGELES (Reuters) - Lenders for Hollywood studio Metro-Goldwyn-Mayer agreed to extend a debt forbearance to March 31, which gives the studio more time to find a buyer.Source: Reuters: Business News | 29 Jan 2010 | 5:32 pm Cisco set for first quarterly sales growth in yearNEW YORK (Reuters) - Cisco Systems Inc is expected to post its first quarterly revenue growth in more than a year when it reports results, as customers more confident about the economy upgrade their networks.Source: Reuters: Business News | 29 Jan 2010 | 5:09 pm Bankers in favour of paying global feeSome of the world’s most prominent bankers are in favour of a global tax on lenders, after weeks of growing political pressure in the US and Europe for a crackdown on financial institutionsSource: Financial Times - US homepage | 29 Jan 2010 | 5:02 pm Davos 2010: Banking chiefs to present united front on regulationA group of the world's most prominent investment bankers is preparing to offer policymakers a united front on tackling bonuses and tighter regulation at the World Economic Forum in Davos.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Jan 2010 | 5:02 pm Nasdaq battered as techs slumpStocks tumbled Friday, with the tech-heavy Nasdaq leading the way down, as investors bet that the strong economic growth seen in the fourth quarter of last year can't be sustained.Source: Business and financial news - CNNMoney.com | 29 Jan 2010 | 5:02 pm British Airways heading for a £1bn lossBritish Airways is heading more than £1 billion of losses during the steepest aviation recession to date. Source: Latest Business News from Times Online | 29 Jan 2010 | 5:01 pm At leisure: It’s all about taking aim at the important thingsThe flashy existence of the property tycoon has become more restrained lately. The new image of those who have trod the path to property riches — and are grateful to have survived the downturn — is less ostentatious, more humble. But there are some trappings of wealth that you just don’t give up and, for David Tye, shooting is one of them. Source: Latest Business News from Times Online | 29 Jan 2010 | 5:01 pm Climate chief was told of false glacier claims before CopenhagenThe chairman of the leading climate change watchdog was informed that claims about melting Himalayan glaciers were false before the Copenhagen summit, The Times has learnt. Source: Latest Business News from Times Online | 29 Jan 2010 | 5:01 pm US on growth path but no one is cheeringAt first blush, the US GDP data for the last three months of 2009 was exceptionally good, “blow the doors off” good. In reality, this first estimate — which, as in the UK, will be revised twice — was rather less dramatic. Getting on for three fifths of growth in the quarter was due to a sharp slowdown in the rate at which businesses stopped running down stocks and began rebuilding their inventory levels. Source: Latest Business News from Times Online | 29 Jan 2010 | 5:01 pm Engineers’ focus on foreign fields keeps British blues at bayIf a limited exposure to Britain is seen as an asset, rather than a liability, it is ironic that the sector with which this country was once most closely associated — engineering — now comes out best. Source: Latest Business News from Times Online | 29 Jan 2010 | 5:01 pm America picks up the pace of recovery amid hopes for rising employmentEconomic growth in the United States surged in the final three months of last year at its fastest rate for six years, lifting hopes that employers could begin to hire staff. Source: Latest Business News from Times Online | 29 Jan 2010 | 5:01 pm Connaught shares slip as chief resignsThe chief executive of Britain’s biggest social housing repairer resigned his post with immediate effect yesterday, citing “new challenges” as the reason. Source: Latest Business News from Times Online | 29 Jan 2010 | 5:01 pm Davos: Bankers unite to make their voices heard on payGlobal investment banking chiefs were organising an industry-wide fightback against immense public hostility over remuneration last night. Source: Latest Business News from Times Online | 29 Jan 2010 | 5:01 pm Volatile stock market weighing on IPOs (AP)AP - Companies trying to sell their shares in initial public offerings had a hard time finding willing buyers in January — a trend that will likely continue until the stock market stabilizes.Source: Yahoo! News: Stock Markets News | 29 Jan 2010 | 4:59 pm The January Barometer Curse Returns (DIA, SPY, QQQQ, YTEC, GLD)Friday marked month-end for January in the financial markets. There have been many efforts out there to discuss the market’s direction, but perhaps the one issue that traders will be using to judge 2010 versus the run-up in 2009 this weekend is the notorious ‘January Barometer.’ The saying is, “As goes January, so goes the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Jan 2010 | 4:55 pm Tesla files for IPO to raise up to $100 millionThe high-end electric-car company seeks to raise $100 million in the public-financing arena as conventional auto makers are reeling from anemic sales and product recalls.
Source: MarketWatch.com - Top Stories | 29 Jan 2010 | 4:41 pm After Hours: Urban Outfitters rises, SanDisk slipsThe apparel retailer will be added to the S&P 500 Index, prompting the company's shares to rise late Friday.
Source: MarketWatch.com - Top Stories | 29 Jan 2010 | 4:38 pm Podcast: To Stay Or Walk Away
A neighborhood in Maricopa, Ariz. circa February 2009. (Joshua Lott/Getty Images) On today's Planet Money: We hear from Mary Kinsley, a lawyer in Phoenix who works at a legal help-line for people with real estate questions. She says her unit gets around 100 calls a day, almost all from people asking about foreclosure. Mary says that starting last year, the questions changed dramatically. In 2007 and 2008, callers couldn't pay their mortgages but wanted to Mary to help them find a way to keep their houses. Now most callers aren't trying to avoid foreclosure, instead they want Mary to help them bring it on as fast as possible. It's called strategic default, where the borrower owes so much more than the house is worth, that it makes more sense to just give the keys back to the bank. Download the podcast; or subscribe. Music: Temper Trap's "Fools." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 29 Jan 2010 | 4:37 pm MarketWatch First Take: Tesla marks first high-profile tech IPO in yearsTesla will be a closely watched barometer of a hoped-for rebound in the IPO market, even before its shares make their debut.
Source: MarketWatch.com - Top Stories | 29 Jan 2010 | 4:24 pm Stocks fall on doubts about recovery's strength (AP)
Source: Yahoo! News: Stock Markets News | 29 Jan 2010 | 4:21 pm 4th quarter's fast economic pace likely to wane (AP)
Source: Yahoo! News: Business News | 29 Jan 2010 | 4:19 pm Latin American Markets: Brazil, Mexico stocks finish with monthly lossesBrazilian and Mexican stocks fall Friday, tracking a decline on Wall Street in the wake of a strong economic-growth report from the U.S.
Source: MarketWatch.com - Top Stories | 29 Jan 2010 | 4:13 pm Washington Calendar: Washington events for Feb. 1 - 58:30 a.m.: Personal income and consumer spending for December, at the Labor Department.
Source: MarketWatch.com - Top Stories | 29 Jan 2010 | 4:09 pm Second SEC/BofA case on track for summer trialNEW YORK (Reuters) - The second of two U.S. Securities and Exchange Commission lawsuits against Bank of America Corp over the Merrill Lynch & Co takeover may be ready for trial as soon as this summer, with a trial on the first lawsuit set to begin on March 1.Source: Reuters: Business News | 29 Jan 2010 | 4:08 pm US GDP growth fastest in six yearsThe US economy grew at its fastest rate since 2003 in the fourth quarter as investment by business picked up and consumer spending continued to grow, raising hopes that a sustainable recovery is under waySource: Financial Times - US homepage | 29 Jan 2010 | 4:07 pm Nuveen’s Unusual Municipal Fund Issuance (NFZ, NZW, NVJ)Nuveen Investments has made an unusual filing that under normal circumstances might not matter. But we live in a near-zero rate world now where investors are looking for more interesting ways to earn in rates of return outside of buying and selling common stocks. Three of its closed-end funds have filed registration statements with the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Jan 2010 | 4:00 pm Second SEC/BofA case on track for summer trial (Reuters)
Source: Yahoo! News: Stock Markets News | 29 Jan 2010 | 3:57 pm Economy soars 5.7 percent, fastest in 6 yearsWASHINGTON (Reuters) - The economy grew at its fastest pace in more than six years in the fourth quarter, surprising economists, as businesses curbed their aggressive cut in stocks and stepped up spending.Source: Reuters: Business News | 29 Jan 2010 | 3:52 pm How the major stock indexes fared on Friday (AP)AP - Stocks ended a disappointing January with a loss Friday as investors questioned whether the economy will be able to sustain its big fourth-quarter growth rate. Downbeat earnings at technology companies also pulled stocks down. The Dow Jones closed the month with a loss of 3.5 percent, and is now down 658.10, or 6.1 percent, since reaching a 15-month high of 10,725.43 on Jan. 19.Source: Yahoo! News: Stock Markets News | 29 Jan 2010 | 3:52 pm Cancer Therapies, Energy, Small Business Loans: Taking StockSource: Bloomberg - All Podcasts | 29 Jan 2010 | 3:33 pm Why does Apple hate Adobe?Source: Business and financial news - CNNMoney.com | 29 Jan 2010 | 3:29 pm Write-Offs: 01.29.10$$$ UBS Currency Man Drops Bonus to Run Luxury Ski-Maker [Bloomberg] $$$ Matt Goldstein: AIG filing casts doubt on "limited exposure" claim [Reuters] $$$ Brian Moynihan Is Super Humanly Immune To Cold [BI] $$$ Wall Street 3: Money Never Sleeps [TRB] $$$ The Gorilla Juicehead Economy [NYM] 
 Source: Dealbreaker | 29 Jan 2010 | 3:23 pm More Money: Cheap iPhone callsSource: Business and financial news - CNNMoney.com | 29 Jan 2010 | 3:13 pm Confused, but still driving their carsWith the recall of millions of their Toyotas, some customers are swearing off the brand, others are being lured by rivals and many are still driving their vehicles but are becoming very confused.Source: Business and financial news - CNNMoney.com | 29 Jan 2010 | 3:08 pm Wal-Mart, Mattel, Newell Rubbermaid big 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 | 29 Jan 2010 | 3:00 pm It’s Here! Tesla Motors Files For IPOTesla Motors, Inc. has finally filed for an initial public offering. The maker of the electric roadster and electric sedan filed to sell up to $100 million in common stock in an IPO after the close of trading on Friday. As with most IPO filings, Tesla did not give any financial term. But the filing [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Jan 2010 | 2:59 pm Honda recalls 646,000 Fits for fire hazardHonda announced a recall for 646,000 2007 and 2008 Fit, City and Jazz models world wide, after a fire hazard involving a power window switch resulted in a death in South Africa.Source: Business and financial news - CNNMoney.com | 29 Jan 2010 | 2:52 pm Gay dating site's Super Bowl ad rejectedSuper Bowl network CBS rejected an ad Friday from ManCrunch.com, a gay dating Web site.Source: Business and financial news - CNNMoney.com | 29 Jan 2010 | 2:43 pm NFL tries to hike Pro Bowl interestFor the first time in its history, the NFL's Pro Bowl game is being played before the Super Bowl instead of after. Sarah Gardner reports the change in game plan has produced a hiccup or two.Source: Marketplace | 29 Jan 2010 | 2:37 pm Small TalkBrendan Newnam, Rico Gagliano and select members of the Marketplace staff look at the less-than-major news of the week.Source: Marketplace | 29 Jan 2010 | 2:37 pm In Davos, he's the piano manWhen the folks at Davos knock off for the day, when workshops on the future of capitalism are done, there's no shortage of things to do. The nightlife goes on into the wee small hours. Christopher Werth reports from some of the piano bars in town.Source: Marketplace | 29 Jan 2010 | 2:37 pm PepsiCo CEO: Redefine profit and lossPepsiCo CEO Indra Nooyi, in Davos, Switzerland for the World Economic Forum, talks with Kai Ryssdal about how corporations should start focusing on stakeholders, not just shareholders.Source: Marketplace | 29 Jan 2010 | 2:37 pm Rocket may not find space in budgetPresident Obama is expected to kill a plan to put Americans back on the moon. Thousands of high-tech jobs hang in the balance, as does the business model for U.S. space policy. Jenny Brundin reports.Source: Marketplace | 29 Jan 2010 | 2:37 pm Weekly WrapKai Ryssdal reads the tea leaves of the week with Heidi Moore of The Big Money and Reuters blogger Felix Salmon.Source: Marketplace | 29 Jan 2010 | 2:37 pm Would small-biz tax credit work?President Obama is calling for a tax credit that would pay small businesses $5,000 for every net new employee hired this year. Jeremy Hobson reports on whether the plan might work to increase employment.Source: Marketplace | 29 Jan 2010 | 2:36 pm Merchants finally restock, boosting GDPThe U.S. economy grew at a rate of 5.7% at the end of last year -- the best in six years. That's good, but you can put much of that gain on the shelf. Marketplace's John Dimsdale explains.Source: Marketplace | 29 Jan 2010 | 2:36 pm Madrid seeks to bolster credibilitySpain unveiled a radical austerity plan on Friday in an attempt to boost its credibility among investors after a week of financial market turmoil for fellow eurozone member GreeceSource: Financial Times - US homepage | 29 Jan 2010 | 2:34 pm Toyota recalls 'up to 1.8m' carsToyota says it is recalling up to 1.8 million cars in Europe, including 220,000 in the UK, due to an accelerator problem.Source: BBC News | Business | World Edition | 29 Jan 2010 | 2:31 pm David Cameron beats the Boris drum - and Sir Martin SorrellTo yesterday's British Business Leaders' lunch where Tory leader David Cameron was the guest speaker.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Jan 2010 | 2:31 pm Stocks fall on euro-zone worry, tech slide (Reuters)
Source: Yahoo! News: Stock Markets News | 29 Jan 2010 | 2:30 pm The largest charity donation ever madeBill and Melinda Gates said Friday that their foundation it will spend $10 billion over 10 years to develop and deliver vaccines for the world's poorest nations in the largest donation ever to a single cause.Source: Business and financial news - CNNMoney.com | 29 Jan 2010 | 2:24 pm Letters: When Corruption Is Hard To See
Ellen Moscoe doing field work in Kenya. (Ellen Moscoe) Ellen M. writes from Kenya: I was just listening to episode 137 and I wanted to share a corruption story: Sometimes it's hard to tell what is corruption! I work in a research office in Kenya (we do randomized experiments like the one in this episode.) We went to get some maps printed from the government survey office, and they gave us the price per map if they supplied the materials, and another price if we brought the special paper for the maps to be printed on. Often keeping materials like that in stock is a problem here, so I assumed that this was the reason. After much more talk and negotiation, it turns out that if we supply the paper, they can't give us an official receipt. The plan was to print our maps over the weekend, on their own time, and keep the money. Since they wouldn't have depleted the supply of special map paper, no one would know! Well, now we know... In contrast, sometimes corruption is blatant. There are about 4 road blocks between my town and Nairobi, and the buses get pulled over by police officers who "check" your permits. They will keep you for a long time, going over every part of the bus, unless the driver puts some cash in with his papers when he hands them to the officers. They don't even try to hide it! » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 29 Jan 2010 | 2:12 pm Paulson claims Russia tried to foment Fannie-Freddie crisisRussia proposed to China that the two nations should sell Fannie Mae and Freddie Mac bonds in 2008 to force the US government to bail out the giant mortgage-finance companies, former US Treasury secretary Hank Paulson has claimedSource: Financial Times - US homepage | 29 Jan 2010 | 2:06 pm Greece is the word that should strike fear into all those who love the euroThe debt crisis engulfing Greece has dominated financial markets all week. Alistair Osborne gives his take.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Jan 2010 | 1:53 pm Tool Of The Week: What To Expect In The 15th Goldman Interview
Source: Dealbreaker | 29 Jan 2010 | 1:52 pm Best economic growth in six yearsThe U.S. economy grew at the fastest pace in more than six years during the fourth quarter of 2009, according to a government report Friday.Source: Business and financial news - CNNMoney.com | 29 Jan 2010 | 1:50 pm Gunfight At Davos
Source: Dealbreaker | 29 Jan 2010 | 1:43 pm AIG Discloses 2008 Troubled Derivatives Hand (AIG, BAC, GS, UBS, BCS)American International Group Inc. (NYSE: AIG) has released more information on many of the troubled Maiden Lane III derivatives transactions. These are those contracts that helped to knock the company down from a financial giant to a controversial company that could not service without the Uncle Sam Bail Out. This shows the counterparties in the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Jan 2010 | 1:43 pm Walls close in on e-book gardenThe digital publishing industry and consumer advocates breathed a sigh of relief when Apple revealed that the iPad would use the open EPUB format for the electronic books it sold through the iBooks store. But those hopes were quickly dashed as Apple is said to be planning to add its own digital rights management softwareSource: Financial Times - US homepage | 29 Jan 2010 | 1:42 pm Austrian charged in BAE bribe caseAn Austrian count has been charged with bribing Eastern European countries to buy fighter planes from BAE Systems - the British defence company at the centre of a Serious Fraud Office (SFO) investigation.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Jan 2010 | 1:31 pm Proud Haitians fear dependencyThe power wielded by foreign donors in Port-au-Prince is a source of fresh humiliation, writes David BlairSource: Financial Times - US homepage | 29 Jan 2010 | 1:22 pm Amazon Reigns Online: Could Offline Be Next? (AMZN, AAPL, WMT, TGT)Quarterly results at Amazon.com Inc. (NASDAQ: AMZN) beat even the company’s own high estimates for revenue and profits. A lot of that was due to the success of the company’s Kindle e-reader and to higher sales of books and other media, both physical and electronic. To celebrate its good fortune, Amazon announced a new stock [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Jan 2010 | 1:02 pm French giant misled its investorsFrench media giant Vivendi is ordered to pay potentially substantial damages after a US jury finds it misled investors.Source: BBC News | Business | World Edition | 29 Jan 2010 | 12:56 pm Barclays Banker Prevails: Son's School Will Be Drag-Show Friendly Zone
1. The school made a bunch of high school boys very upset (not just upset, "humiliated") when it wouldn't let them dress in drag for a pep rally. 2. Something about "a gay female coach" (Skip's original draft: "fucking dyke") who favors girl sports. 3. (The pièce de résistance:) History teacher Leslie Lovett, who injects her 'leftist invective' in the curriculum and said mean, hurtful things about investment bankers, particularly those working for Lehman and Barclays, and made Skippy's son cry. Luckily, Skip Jr. wiped his eyes, stood up to Ms. Lovett and said, you are wrong about my dad! He wanted to save Lehman. He wanted to save Lehman so bad! For all those reasons (and more, which the Skip didn't even want to get into), he called for the dismissal of Upper School Principal Michael Saltman (THIS IS THE PRICK WHO WOULDN'T LET THE DRAG SHOW GO ON), Headmaster Donald North and the teacher, Leslie Lovett. And this week? Success! Kind of! Saltman has "resigned," and the next generation of McGees can wear dresses without worrying some lefty is going to ruin their good time. All members of the Barclays community are invited to meet in the lobby promptly at 3 to celebrate this momentous occasion. Shareholders, come along, too. You're gonna wanna get a load of who's working ya.
Source: Dealbreaker | 29 Jan 2010 | 12:53 pm The year James Cameron helped Davos learn to laugh at itselfThis was the year, to judge by reaction to the Avatar film director's presentation, when Davos learnt to laugh at itselfSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Jan 2010 | 12:52 pm US economy roars back to enjoy strongest quarter since 2003The last three months of 2009 saw the US economy move aggressively out of recession.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Jan 2010 | 12:28 pm Capitalism has forgotten to share the wealthThe benefits of growth have been captured by far too few people, says Jeremy Warner.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Jan 2010 | 12:25 pm FSA's Lord Turner signals crackdown on carry tradeLord Turner, the chairman of the Financial Services Authority, signals that the profitable currency 'carry trade' is in his sights.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Jan 2010 | 12:24 pm Vikram Pandit Not Worried About Citi Profitability
Source: Dealbreaker | 29 Jan 2010 | 12:23 pm Barclays claims it is still owed $3bn over its purchase of Lehman's US businessBarclays is claiming it is still owed $3bn (£1.8bn) from its September 2008 deal to buy the bulk of the assets of Lehman Brothers' US brokerage business.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Jan 2010 | 12:15 pm Sheila Bair Not Yet Sure How She Feels About Obama Proposals
At Wednesday's AIG hearing, Congressman McHenry asked Timmy G. how he could back the Volcker Rule while having said that he was opposing a Glass-Steagall return, screaming at him: "How do you reconcile those two beliefs? They are direct opposites"
Source: Dealbreaker | 29 Jan 2010 | 12:09 pm FSA cracks down on 'sale-and-rent-back' home marketCompanies offering to buy a person's house and then rent it back to them will be forced to guarantee tenancies for five-years and be banned from using emotive advertising phrases, new guidelines from the Financial Services Authority outline.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 29 Jan 2010 | 12:06 pm A look at global economic developments (AP)AP - A look at economic developments and activity in major stock markets around the world Friday:Source: Yahoo! News: Stock Markets News | 29 Jan 2010 | 11:49 am Toyota recalls up to 1.8m vehicles in EuropeJapanese carmaker says accelerator pedal fault affects 1.8m European cars as it faces scrutiny from US Congress over its biggest safety recallSource: Financial Times - US homepage | 29 Jan 2010 | 11:43 am Jeffrey Sachs' Plan For HaitiSay hello to our new intern Ethan Arrow. He's a grad student at Columbia studying international economic policy. Here's his first post: I went to this packed out event at Columbia University on Monday with Jeffrey Sachs talking about the current relief efforts in Haiti. Sachs is director of Columbia's Earth Institute and has written several books on poverty reduction, his most recent being Common Wealth: Economics for a Crowded Planet. He's also known as something of an aid champion to poor countries so I was expecting him to rave about all the aid going to Haiti. He said sure that's important, but rich countries aren't doing it quite right. Sachs wants to see rich countries get serious about providing Haiti with roughly $2-3bn per year. Not only that, but he says those funds should be guaranteed with public funds, not simply pledged by private donations. On top of sending money, he says the US should be sending seed, fertilizer and infrastructural materials so that the coming rainy season doesn't reek even more havoc. Basically he wants us to give lots of money and make a long-term commitment to Haiti. Much of the aid given so far has been media-driven, and Sachs wants to ensure that support continues even after the cameras leave and all that remains are the the difficulties less suited for prime time television » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 29 Jan 2010 | 11:26 am Life sentence for Indian tycoonOne of India's top business magnates, Prabhu Shankar Agarwal, is sentenced to life in prison for attempted murder, in Calcutta.Source: BBC News | Business | World Edition | 29 Jan 2010 | 11:23 am Obama’s one-two punch misses its targetBank chiefs should get down from their ivory towers and propose a plan to reduce reckless risk-taking without harming the financial systemSource: Financial Times - US homepage | 29 Jan 2010 | 11:15 am Oil Rig Counts Still On The Rise (BHI, OIH, USO)The rig counts are still mostly heading in the right direction, at least they are if you want to see a robust oil sector along with some oil price stability. Baker Hughes Inc. (NYSE: BHI) has issued its weekly rig counting data, and the gains are interesting when you consider the recent price action of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Jan 2010 | 11:10 am Samsung beats HP to pole positionThe South Korean group has overtaken its US rival as the biggest technology company by salesSource: Financial Times - US homepage | 29 Jan 2010 | 11:04 am Listeners on wedding gift requestsLast week, Slate.com's "Dear Prudence," aka Emily Yoffe, weighed in on wedding gift-giving etiquette. This week it's our listeners' turn -- for better or worse.Source: Marketplace Money | 29 Jan 2010 | 10:54 am A world-class movie experienceWhy would anyone pay $29 to see a movie? Tess Vigeland and a few of her friends visit a new theater in Pasadena, Calif. -- Gold Class Cinemas -- to find out.Source: Marketplace Money | 29 Jan 2010 | 10:54 am Getting PersonalModern families often have two incomes, but what happens when a family wants to assume a more traditional role? Host Tess Vigeland and Money Economics Editor Chris Farrell answer questions about staying home to raise the kids and what to do once those kids are ready for college.Source: Marketplace Money | 29 Jan 2010 | 10:54 am Subverting the system to help othersLisa Dodson talks with Tess Vigeland about Americans who break the rules to help those who have trouble making ends meet.Source: Marketplace Money | 29 Jan 2010 | 10:54 am Home weatherization can pay off bigReporter Sam Eaton turns his home into a model of energy efficiency, and talks about the ways home weatherization can pay off big financially.Source: Marketplace Money | 29 Jan 2010 | 10:53 am The state of the American wallet is badCommentator Amelia Tyagi says President Obama did exactly what he needed to do in his State of the Union address: call attention to the continued financial woes of the middle class, while offering possible solutions.Source: Marketplace Money | 29 Jan 2010 | 10:53 am Strategically defaulting on a home loanWhat are the moral and financial implications of walking away from an underwater mortgage? Tess Vigeland talks with Henry Blodget, CEO of the "Business Insider," and Megan McArdle, of the "Atlantic" magazine, about so-called strategic defaults.Source: Marketplace Money | 29 Jan 2010 | 10:53 am Presented By:Source: Dealbreaker | 29 Jan 2010 | 10:48 am Buy Lenny Dykstra's House-- BYO Toilets
Source: Dealbreaker | 29 Jan 2010 | 10:48 am Manpower Raised to `Overweight' at JPMorgan: AudioSource: Bloomberg - All Podcasts | 29 Jan 2010 | 10:40 am Russia tests stealth fighter jetRussia unveils its new stealth fighter, meant to rival the radar-evading US F-22, in a test flight over the country's far east.Source: BBC News | Business | World Edition | 29 Jan 2010 | 10:37 am Waiting For ForeclosureBy Caitlin Kenney We'll be talking to a lawyer on today's podcast about what it's like giving advice to people who are considering "strategic defaults." While thousands of Americans are sitting in their homes fearfully awaiting that final foreclosure notice, many of her clients are frustrated by the bank's slow process. They want the bank to foreclose immediately so they can get out of the financial trappings --taxes, neighborhood association fees, etc -- of their current homes and move into newly purchased properties. Planet Money friend Mike Konczal recently wrote about the tremendous backlog in foreclosures on his blog Rortybomb, where he shared this from the Analysis of Mortgage Servicing Performance: While the number of loans in the process of foreclosure has increased, the number of foreclosures completed has fallen 31% in the past year. We believe this phenomenon is due to a combination of backlogs in the foreclosure process itself, a desire by servicers and investors to avoid accumulating even more REO property, and temporary stays of foreclosure sales due to related loss mitigation activity. Konczal is fascinated by the so-called shadow foreclosure inventory, and it's got him wondering what life is like for homeowners who haven't made payments but haven't been foreclosed on: The bank in this case is exercising an option to defer foreclosure -- an option I never thought would be used on such a wide-scale. How does that option work? And what kind of 'ownership' do people in these situation experience? Is it a kind of mini-vacation, where you get to live in a nicer house than you could ever afford? Is it a perpetual sense of anxiety, where someone could come to remove you within a week? Is it just a sense of resignation at being a widget that the largest banks are using to pretend second-liens assets are worth something other than a penny on the dollar -- their home as juking some financial statistics? We know Clarence's story. Does anyone have one they'd care to share? » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 29 Jan 2010 | 10:31 am FTSE ends higher on US economic data (AFP)
Source: Yahoo! News: Stock Markets News | 29 Jan 2010 | 10:27 am Charlie's in the blackBeverage company Charlie's says its interim profit statement on February 23 will be in the black. The company, associated with celebrity Marc Ellis, said it expected to achieve earnings before interest, tax, depreciation and amortisation...Source: nzherald.co.nz - Business | 29 Jan 2010 | 10:20 am Republicans eye high-profile US Senate racesWhen the Republicans won Ted Kennedy’s former Senate seat in Massachusetts this month, they demonstrated they could win even in one of the most Democratic states. Now they are focused on another prize – Mr Obama’s former Senate seat in IllinoisSource: Financial Times - US homepage | 29 Jan 2010 | 10:11 am Stiglitz: As Far as I Know, CDOs Squared Didn't Solve World Peace
"When they win they walk off with the profits, when they lose the taxpayer pays," he pointed out. "We really need to go more directly at these issues like incentives."
Source: Dealbreaker | 29 Jan 2010 | 10:07 am WisdomTree’s Shrinking ETF Portfolio (WSDT, DBT, DRF, DBR, DPN, DPC, DDI, DGG, DEB, EEZ, USY)WisdomTree (Pink Sheets: WSDT) has become fairly well-known in the world of exchange traded funds. But today is a sad day for ETF traders, and is just further evidence that there are some solid ETF strategies mixed with some really bad ETF strategies out there. WisdomTree is shutting down 10 ETFs. These will not destroy [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Jan 2010 | 10:04 am This Week’s LinksDr. Salary is a darn good blog about salaries. BNET has the biggest business blunders of 2009. Barry Ritholz has a list of lessons learned from the decade (written by Jeremy Grantham). Dealbook on how to diagnose a coming bubble (via Abnormal Returns). Copyblogger: Is your blog ruining your business?
Source: Business Pundit | 29 Jan 2010 | 9:57 am Hallenstein sales upClothing retailer Hallenstein Glasson says first-half sales were up 6.7 per cent on a year ago and it expects its interim profit to be up 50 per cent. Sales for the December and January period were up 10.7 per cent on last year...Source: nzherald.co.nz - Business | 29 Jan 2010 | 9:50 am US growth surprise sends world stocks higher (AP)
Source: Yahoo! News: Stock Markets News | 29 Jan 2010 | 9:46 am Help Name Charlie Gasparino's New Book
Source: Dealbreaker | 29 Jan 2010 | 9:40 am McGraw-Hill’s McGraw: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 29 Jan 2010 | 9:36 am Weekend Bargain Hunters Visiting PIIGS (PT, IRE, AIB, IRE, NBG, OTE, CCH, DRYS, DSX, SNF, EWP, BBVA, STD, REP, TEF)First it was Iceland, then came the PIIGS… This is of course the acronym for Portugal, Italy, Ireland, Greece and Spain…. although this is really an issue of PIGS front and center without considering Italy. Greece is the standout issue that is the first or most dire due to its sovereign debt spreads widening out [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Jan 2010 | 9:31 am FT's Wolf: Bloomberg On the Economy With Tom KeeneSource: Bloomberg - All Podcasts | 29 Jan 2010 | 9:30 am Greece’s Papandreou: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 29 Jan 2010 | 9:29 am $225m in Kauri bondsThe Asian Development Bank has raised $225 million in its first Kauri bond sale. A Kauri bond is a New Zealand dollar denominated bond, registered in New Zealand and issued by a foreign issuer. The first Kauri bonds were issued...Source: nzherald.co.nz - Business | 29 Jan 2010 | 9:20 am IMF’s Lipsky: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 29 Jan 2010 | 9:18 am Private agonyCentral bankers don't do public tantrums, but in private they are seethingSource: BBC News | Business | World Edition | 29 Jan 2010 | 9:18 am Harvard’s Ferguson: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 29 Jan 2010 | 9:15 am Honda Recalls Fit, Jazz, City Cars
Honda is recalling 646,000 Fit, Jazz, and City cars due to a faulty window switch. 140,000 of those cars are in the United States. The New York Times has more: The company said the recall was to fix a defective master switch, which could allow water to enter the power window switch and in some cases cause a fire. There were three reported cases of fires cause by the defect, two in the United States and one in South Africa, the spokeswoman said. “The recall will start towards the end of February,” (a Honda) spokesman (said). “Now we will start talking to customers and dealers as to how we set up that recall.” Honda U.K. said that when water entered the drivers’ windows of the Jazz model and reached a master power switch, it could cause the switch to overheat and “potentially cause fire.” “At the recall, a waterproof skirt will be fitted to the window to avoid any damage,” the spokesman added.
Source: Business Pundit | 29 Jan 2010 | 9:00 am Telco 'can't afford third failure'Pressure is on Telecom to reassure consumers that the XT mobile network is safe - with users group TUANZ warning that another failure would be catastrophic."The first time before Christmas people were forgiving. This week has...Source: nzherald.co.nz - Business | 29 Jan 2010 | 9:00 am Rebound in house building hits a wall, figures showHouse construction's rebound has taken a reverse swerve.Statistics NZ figures yesterday showed the sector slipping into a decline after a big recovery in the past few months.The number of housing consents issued in December...Source: nzherald.co.nz - Business | 29 Jan 2010 | 9:00 am Key financial firms won't be allowed to fail again: expertSuch was the fallout from the collapse of Lehman Brothers that a legacy of the financial crisis is that authorities will not allow systemically important financial institutions to close their doors, says Professor Charles Goodhart.Concerns...Source: nzherald.co.nz - Business | 29 Jan 2010 | 9:00 am Cameron backs US bailout repayment proposalDAVOS: British Conservative leader David Cameron yesterday endorsed new United States proposals to make banks repay some of the public bailout that saved the financial system last year, and said that if elected Prime Minister he would...Source: nzherald.co.nz - Business | 29 Jan 2010 | 9:00 am Brian Gaynor : Feel the fear - it's essential to control greedFear and greed are the two most powerful sentiments as far as investors are concerned. Individuals with the appropriate combination of these two features should be good investors. Those with too much greed normally crash and burn...Source: nzherald.co.nz - Business | 29 Jan 2010 | 9:00 am Duralex - in a glass of its ownThis is the story of a glass that bounced. The Duralex is the favourite glass of American Yuppies but also of Afghan tribesmen.It has been described as the "ultimate drinking vessel created by man". Its elegant, conical shape...Source: nzherald.co.nz - Business | 29 Jan 2010 | 9:00 am Brent Sheather: Hard to pick trend after a good yearThis time last year things were looking grim - just about every expert was saying that while things were bad, a depression was impossible.But most secretly worried that the financial markets were signalling just such a dire outcome...Source: nzherald.co.nz - Business | 29 Jan 2010 | 9:00 am Chevron hit by weak petrol demandChevron posts a big fall in profits due to petrol and diesel prices failing to keep up with a big rise in the cost of crude oil.Source: BBC News | Business | World Edition | 29 Jan 2010 | 8:51 am US growth reaches six-year highUS economic growth hit 5.7% in the final three months of 2009, more than twice the pace of the previous quarter.Source: BBC News | Business | World Edition | 29 Jan 2010 | 8:15 am This Week’s Weird Jobs
I dare you to find one remotely normal gig in this week’s list. And if you do find that gig, tell me why on earth you think it’s normal: 1. OR: I am looking for a private investigator or someone wanting cash!! $10/hour, but $500 for photos of the guy with another woman? That’s quite an incentive for a dishonest cameraman. 2. CA: Sexual Enhancement Coffee The target market for this product has got to be people in the porn industry. Who else would want more morning wood with their daily cuppa? Were you pregnant without knowing it until you went into labor? TLC is looking for true stories for a brand new season of I Didn’t Know I Was Pregnant. Reality TV must be getting desperate. Working on a portrait book on superheroes, need PROFESSIONAL SUPERHERO IMPERSONATORS, that is, people that MAKE A LIVING wearing their superhero costume either working on the street, birthday parties, events, disney world, costume designers, etc. Please DO NOT REPLY if you are an actor looking for headshots, or some dude that really likes their Halloween costume. This is a serious artistic project. I would say that person will have a hard time finding subjects…but this ad is from LA. My boyfriend and I like to experiment with various recreational chemicals, but sometimes when we’re coming down (like now) we don’t want to go out, but we really really really want some sort of obscure, horrible fast food item. We used to have a friend that would bring us stuff and not expect much in return, but he moved away. We would like a replacement for him. We don’t want to DO drugs with you, but we are perfectly willing to hook you up or bake you cookies (when we’re sober) or listen to you whine about how no girls like you (as our old Tender of the Druggies did). We don’t want you to stay overly long, either. Bring us stuff, chill for maybe fifteen minutes (longer if we aren’t obviously exchanging looks or hinting about how tired we are or how NO WE DO NOT WANT A CUDDLE THREESOME), be on your way. We are chill people and really would like to be your friend, but this works better if you are some sort of unlikable loser, eager to please and be accepted, have lots of spare time and few friends, and are socially retarded in some other manner– thus you are fine with an abusive, exploitative relationship of you fetching us NOMS. Anyway, hunger is becoming a serious problem after all this 2c-i so we are off to fix that. Please let us know if you would like to assist us with this endeavor in the future. Bet babysitting your drug-addled “friends” never occurred to you as a professional gig. Happy Friday!
Source: Business Pundit | 29 Jan 2010 | 8:07 am Ex-BAE agent charged with briberyA former Austrian agent for UK defence giant BAE Systems is charged with corruption and bribery, the Serious Fraud Office says.Source: BBC News | Business | World Edition | 29 Jan 2010 | 8:07 am Mounting fears over Greek economyMounting fears over Greece's ability to pay off its debts continue to hit the financial markets.Source: BBC News | Business | World Edition | 29 Jan 2010 | 7:56 am Morning Report: GDP Up 5.7 Percent, Thanks To Improvements In Inventories
Click to enlarge. (Source: Bureau of Economic Analysis) By Caitlin Kenney The gross domestic product of the U.S. rose at an annual rate of 5.7 percent for the last quarter of 2009 -- the largest increase since the third quarter of 2003. A big part of the boost came from private companies stepping up to rebuild their inventories. The Commerce Department says the change in private inventories added 3.39 percentage points to the fourth-quarter change in real GDP. In the third quarter, the change in inventories only accounted for 0.69 percentage point. Businesses made massive reductions to inventories earlier this year to account for slower sales, but now they are starting to rebuild their stockpiles. The decrease in inventories this quarter was only $33.5 billion, about a quarter of what it was for the third part of 2009. GDP minus the change in private inventories -- increased 2.2 percent in the fourth quarter. The fact that the boost was so largely dependent on inventories has some economists wondering how the strong the recovery really is. From MarketWatch: "Since the boost from inventories is temporary, the GDP data will likely overstate the underlying strength of the recovery," noted economists at Moody's Economy.com. Leaving inventories aside, the report today noted significant increases in equipment and software purchases, a sign that business investment is growing. Total business investment is up 2.9 percent over the last three months. The latest data also gives some indication of how the U.S. consumer is feeling. Consumer spending, rose at a pace of 2 percent, after a 2.8 percent increase in the previous three months. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 29 Jan 2010 | 7:44 am Headrick Discusses Afghan Rout of Soviet Army: Lewis LaphamSource: Bloomberg - All Podcasts | 29 Jan 2010 | 7:15 am Today’s Best Market Rumors (1/29/2010) (CHRD)(VMW)(TM)Updated throughout the day. Germany and France are putting together a rescue package for Greece (various) Obama may seek $55 billion to develop nuclear plants (Bloomberg) Toyota (NYSE:TM) has discovered a fix for its stuck pedals (WSJ) VMWare (NYSE:VMW) may buy Chordiant (NASDAQ:CHRD) (NYTimes DealBook) Goldman Sachs (NYSE:GS) is offering loans to some employees who have had bonuses cut (NYTimes) Donald Trump may take [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Jan 2010 | 6:44 am 5.7% GDP Helping Markets, Comparisons Come With CaveatsIt has to sound like the recovery of the century when you hear that the first look at fourth quarter Gross Domestic Product rose to +5.7%. Dow Jones had estimates of 4.8%, while we saw a Bloomberg figure of 4.5%. The PCE Price Index came in at +2.7%, and Bloomberg had estimates at +1.3%. The [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 29 Jan 2010 | 6:40 am Dry Internet Humor
Source: Business Pundit | 29 Jan 2010 | 4:39 am
|
