Watchdog: Bailouts created more risk in system (AP)

Neil Barofsky, special inspector for the Troubled Asset Relief Program (TARP), testifies on Capitol Hill in Washington, Wednesday, Jan. 27, 2010, before the House Oversight Committee and Government Reform Committee hearing on AIG. (AP Photo/Pablo Martinez Monsivais)AP - The government's response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned.



Source: Yahoo! News: Business News | 31 Jan 2010 | 3:22 am

Davos forum considers world economy on last day (AP)

Chairman of the Management Board of Deutsche Bank, Germany, Josef Ackermann, center, exits after a meeting of bankers at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010. Standing left is Chairman of the Financial Services Committee, USA, Barney Frank. (AP Photo/Virginia Mayo)AP - The state of the world's economy, and keeping it on a course of recovery, is the focus of the last day of the World Economic Forum.



Source: Yahoo! News: Business News | 31 Jan 2010 | 3:12 am

Davos forum considers world economy on last day

The state of the world's economy, and keeping it on a course of recovery, is the focus of the last day of the World Economic Forum. The five-day conference, which draws to a close...
Source: RSS feed - channel BNewsBusiness | 31 Jan 2010 | 3:12 am

Greece has 'full' EU support in debt crisis: German FM

Greece has the "full support" of Germany and other European Union peers as it struggles to beat back a mountain of debt and a runaway public deficit, Germany's foreign minister told a Greek
Source: RSS feed - channel BNewsBusiness | 31 Jan 2010 | 2:49 am

UAE's Arabtec wins $193 million Dubai tower contract

DUBAI (Reuters) - Dubai contractor Arabtec said on Sunday it has won a 710 million dirhams ($193.3 million) contract to build an 80-storey tower in Dubai from Abu Dhabi-based developer Tasameem Real Estate.

Source: Reuters: Business News | 31 Jan 2010 | 1:35 am

VPN opens a forbidden window

The BBC strictly limits access to its online archive of TV shows. But that didn't stop us. A treasure trove of...
Source: RSS feed - channel BNPaperBusiness | 31 Jan 2010 | 1:00 am

Get ahead of the slow-moving loan-mod train

Homeowners seeking mortgage relief should be diligent, truthful, patient and persistent. If you're a homeowner...
Source: RSS feed - channel BNPaperBusiness | 31 Jan 2010 | 1:00 am

Chiropractic visits lead to higher premium

Anthem Blue Cross charged a healthy Hollywood resident 25% more for insurance coverage because she sees a chiropractor from time to time. This is one reason we're talking about healthcare reform.

As the prospects for meaningful healthcare reform grow murkier by the day, it's helpful to remember why we started this discussion in the first place.



Source: L.A. Times - Business | 31 Jan 2010 | 1:00 am

How I Made It: Mehdi Eftekari

The general manager of the Four Seasons Hotel Los Angeles at Beverly Hills, a magnet for showbiz people, says his job is like being the mayor of a city.

The gig: As general manager of the Four Seasons Hotel Los Angeles at Beverly Hills, Mehdi Eftekari is in charge of one of the region's elite hotels. The Four Seasons on Doheny Drive serves business and leisure travelers with money to spend but is best known as a magnet for show-biz people working in movies, television and music. The hotel also is home to about half of all movie industry press junkets, where reporters fly in from all over the country to interview the stars of a new release and enjoy a day or two of luxury.



Source: L.A. Times - Business | 31 Jan 2010 | 1:00 am

Get ahead of the slow-moving loan-mod train

Homeowners seeking mortgage relief should be diligent, truthful, patient and persistent.

If you're a homeowner who was laid off recently, if you even think there's a chance your job might be eliminated, or if you are still working but having a difficult time making ends meet, the best thing you can do for yourself and your family is to determine whether you are eligible for mortgage relief.



Source: L.A. Times - Business | 31 Jan 2010 | 1:00 am

How I Made It: Mehdi Eftekari

The general manager of the Four Seasons Hotel Los Angeles at Beverly Hills, a magnet for showbiz people, says his job is like being the mayor of a city. ...
Source: RSS feed - channel BNPaperBusiness | 31 Jan 2010 | 1:00 am

Scams target job seekers

Victims are overpaid with phony checks and send real money back to crooks as refunds. The e-mail said it came...
Source: RSS feed - channel BNPaperBusiness | 31 Jan 2010 | 1:00 am

VPN opens a forbidden window

The BBC strictly limits access to its online archive of TV shows. But that didn't stop us.

A treasure trove of TV shows can be found archived on the BBC website, featuring classic dramas, sitcoms, concerts, sports events, operas and documentaries.



Source: L.A. Times - Business | 31 Jan 2010 | 1:00 am

FHA revises 'anti-flipping' rule

The agency once again will provide mortgage insurance for some purchases where the seller closed on the property less than 90 days earlier. The objective is to speed up sales of renovated houses. ...
Source: RSS feed - channel BNPaperBusiness | 31 Jan 2010 | 1:00 am

FHA revises 'anti-flipping' rule

The agency once again will provide mortgage insurance for some purchases where the seller closed on the property less than 90 days earlier. The objective is to speed up sales of renovated houses.

Call it three birds with one stone: The federal government hopes simultaneously to help low-down-payment home buyers, investors who fix up foreclosures, and local communities burdened with too many bank-owned and foreclosed homes -- all with one potentially far-reaching policy change.



Source: L.A. Times - Business | 31 Jan 2010 | 1:00 am

Business Letters

Re: " Plan is raising banks’ anxiety ," Jan. 27:
Source: RSS feed - channel BNPaperBusiness | 31 Jan 2010 | 1:00 am

Chiropractic visits lead to higher premium

Anthem Blue Cross charged a healthy Hollywood resident 25% more for insurance coverage because she sees a chiropractor from time to time. This is one reason we're talking about healthcare reform. ...
Source: RSS feed - channel BNPaperBusiness | 31 Jan 2010 | 1:00 am

Consumer Briefing

USDA cuts price-rise prediction
Source: RSS feed - channel BNPaperBusiness | 31 Jan 2010 | 1:00 am

Scams target job seekers

Victims are overpaid with phony checks and send real money back to crooks as refunds.

The e-mail said it came from CareerBuilder and offered a job opportunity as a "trading assistant," which it described as an easy part-time job with "considerable" compensation.



Source: L.A. Times - Business | 31 Jan 2010 | 1:00 am

Consumer Briefing

USDA cuts price-rise prediction



Source: L.A. Times - Business | 31 Jan 2010 | 1:00 am

Don't bury yourself in debt to pay for college

Dear Liz: My daughter is a sophomore at a very expensive college, and federal loans cover only $6,500 of her costs. She has taken out two private student loans with me as a cosigner, one at 6.5% interest...
Source: RSS feed - channel BNPaperBusiness | 31 Jan 2010 | 1:00 am

Don't bury yourself in debt to pay for college

Dear Liz: My daughter is a sophomore at a very expensive college, and federal loans cover only $6,500 of her costs. She has taken out two private student loans with me as a cosigner, one at 6.5% interest and the second at 9.9%. I need $15,000 more for this semester's tuition. I am an unemployed single mother but cannot get much financial aid. She is an above-average student but cannot find any awards or scholarships.



Source: L.A. Times - Business | 31 Jan 2010 | 1:00 am

Business Letters

Re: " Plan is raising banks’ anxiety ," Jan. 27:



Source: L.A. Times - Business | 31 Jan 2010 | 1:00 am

AP Sources: Govt blesses Toyota gas pedal fix (AP)

FILE - In this Jan. 28, 2010 file photo,Toyota models that have been withdrawn for sale, identified by stickers on the windshield or by a single windshield wiper pointing skyward, or both, are seen at a storage lot for Keyes Toyota in the Van Nuys area of Los Angeles. Toyota Motor Corp. says it will begin telling millions of customers how it will repair their sticky gas pedal systems next week, and repairs will be finished in less than a month.(AP Photo/Reed Saxon, file)AP - Toyota Motor Corp. plans to start sending parts to dealers in the coming days to fix a sticky gas pedal problem that has tarnished its image and led to the recall of 4.2 million cars and trucks on three continents, according to people briefed on the matter.



Source: Yahoo! News: Business News | 31 Jan 2010 | 12:37 am

Flames deal Oilers 13th consecutive loss (Reuters)

Reuters - The Edmonton Oilers moved within one loss of tying their all-time futility record when they lost 6-1 to the Calgary Flames on Saturday, their 13th consecutive defeat.
Source: Yahoo! News: Business News | 30 Jan 2010 | 11:55 pm

India shifts monetary gears as economy rebounds

India's central bank has shifted gear from the ultra-loose monetary policy used to help the economy rebound but it will go slow in hiking interest rates to ensure growth stays on track,...
Source: RSS feed - channel BNewsBusiness | 30 Jan 2010 | 11:52 pm

China threatens US arms companies

Reacting to Washington’s announcement of a $6.4bn arms package for Taiwan, China threatened to impose sanctions on US companies involved in the deal and to cut cooperation with Washington
Source: Financial Times - US homepage | 30 Jan 2010 | 11:00 pm

Japan's listed firms keep boosting profits: report

Japan's listed companies saw their profits rise 14 percent in the October-December period for a third straight quarter-on-quarter gain, a newspaper survey showed Sunday. The survey,...
Source: RSS feed - channel BNewsBusiness | 30 Jan 2010 | 10:56 pm

U.S. bank bailout encourages risky behavior: watchdog

WASHINGTON (Reuters) - The U.S. taxpayer-funded rescue program set up to save banks from collapse during the financial crisis makes future reckless behavior more likely, the government's...
Source: RSS feed - channel BNewsBusiness | 30 Jan 2010 | 10:30 pm

U.S. bank bailout encourages risky behavior: watchdog

WASHINGTON (Reuters) - The U.S. taxpayer-funded rescue program set up to save banks from collapse during the financial crisis makes future reckless behavior more likely, the government's bailout watchdog said in a quarterly report.

Source: Reuters: Business News | 30 Jan 2010 | 10:30 pm

Overseer: Bank bailout program has mixed results

The government’s $700 billion bank bailout bill has met its goal of helping bring the financial markets back from the brink, but has so far failed to increase bank lending, a key government overseer says in a generally critical review of the program.



Source: MarketWatch.com - Top Stories | 30 Jan 2010 | 10:03 pm

4 Funds Betting on a Financial Recovery (Screens)

Even if banks are rebounding, most investors can avoid these funds.



Source: SmartMoney.com | 30 Jan 2010 | 10:00 pm

Watchdog: Bailouts created more risk in system

The government's response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department...
Source: RSS feed - channel BNewsBusiness | 30 Jan 2010 | 9:59 pm

Books pulled from Amazon.com in pricing dispute (AP)

FILE - In this Feb. 9, 2009 file photo, the Kindle 2 electronic reader is shown at an Amazon.com news conference in New York. Macmillan CEO John Sargent said he was told Friday, Jan. 29, 2010, that its books would be removed from Amazon.com, as would e-books for Amazon's Kindle e-reader. (AP Photo/Mark Lennihan, file)AP - New copies of Hilary Mantel's "Wolf Hall," Andrew Young's "The Politician" and other books published by Macmillan were unavailable Saturday on Amazon.com, a drastic step in the ongoing dispute over e-book prices.



Source: Yahoo! News: Business News | 30 Jan 2010 | 9:57 pm

U.S. satisfied with recall fix, Toyota chief apologizes

WASHINGTON (Reuters) - U.S. safety regulators are satisfied with a Toyota Motor Corp. plan for fixing an accelerator problem that is part of a widening global recall and unprecedented sales and production halt, a government official said on Saturday.

Source: Reuters: Business News | 30 Jan 2010 | 9:47 pm

U.S. satisfied with recall fix, Toyota chief apologizes (Reuters)

The Toyota logo is lit up above Boch Toyota's dealership in Norwood, Massachusetts January 27, 2010. REUTERS/Brian SnyderReuters - U.S. safety regulators are satisfied with a Toyota Motor Corp. plan for fixing an accelerator problem that is part of a widening global recall and unprecedented sales and production halt, a government official said on Saturday.



Source: Yahoo! News: Business News | 30 Jan 2010 | 9:47 pm

UAE's Arabtec wins $193 million Dubai tower contract

DUBAI (Reuters) - Dubai contractor Arabtec said on Sunday it won a 710 million UAE dirham ($193.3 million) contract to build a tower in Dubai.
Source: RSS feed - channel BNewsBusiness | 30 Jan 2010 | 9:41 pm

Toyota to announce fix for sticky gas pedals

The U.S. safety agency hasn't objected to the repair plan, and dealers may get parts as soon as this week. DETROIT...
Source: RSS feed - channel BNPaperBusiness | 30 Jan 2010 | 9:33 pm

Stimulus pays for 600,000 jobs

The White House's massive stimulus plan funded 599,108 jobs in the fourth quarter, administration officials said Saturday.
Source: Business and financial news - CNNMoney.com | 30 Jan 2010 | 9:19 pm

Bankers leave Davos battered by blame game

The global banking elite left Davos on Sunday battered and bruised by the latest round of the blame game over the world financial crisis. Scolded by presidents, prime ministers, central...
Source: RSS feed - channel BNewsBusiness | 30 Jan 2010 | 9:02 pm

Bankers leave Davos battered by blame game (AFP)

A demonstrator holds a banner during a rally against the annual meeting of the World Economic Forum (WEF) attended by the world's business and political elite on January 30, 2010 in the Swiss Alp resort of Davos. The global banking elite left Davos on Sunday battered and bruised by the latest round of the blame game over the world financial crisis.(AFP/Fabrice Coffrini)AFP - The global banking elite left Davos on Sunday battered and bruised by the latest round of the blame game over the world financial crisis.



Source: Yahoo! News: Business News | 30 Jan 2010 | 9:02 pm

The private space race takes off

Want to be an astronaut? As NASA's shuttle program winds down, companies hurry to fill the void.

Within the next decade, the stereotypical space traveler may no longer be a square-jawed fighter pilot but a wealthy Internet geek with deep pockets.



Source: L.A. Times - Business | 30 Jan 2010 | 8:55 pm

Obama: Cutting deficit as important as job growth (AP)

FILE - In this Jan. 29, 2010 file photo, President Barack Obama tours Chesapeake Machine in Baltimore before talking about the jobs tax credit. The White House began making clear well before Christmas that Obama's 2010 emphasis would be  jobs, jobs, jobs. (AP Photo/Charles Dharapak, File)AP - Trimming budget deficits is as important as creating jobs to sustain the economic recovery, President Barack Obama said Saturday.



Source: Yahoo! News: Business News | 30 Jan 2010 | 8:54 pm

Mugabe factor hits Zimbabwe hopes of ending sanctions

Zimbabwe Prime Minister Morgan Tsvangirai is pressing the world to end sanctions on his country as it climbs out of a political and economic abyss but wherever he goes the shadow of Robert...
Source: RSS feed - channel BNewsBusiness | 30 Jan 2010 | 8:42 pm

GlaxoSmithKline to axe 4,000 jobs in US, Europe

British pharmaceuticals giant GlaxoSmithKline is to cut up to 4,000 more jobs as it restructures its workforce and focuses increasingly on emerging markets, The Sunday Times reported. ...
Source: RSS feed - channel BNewsBusiness | 30 Jan 2010 | 8:25 pm

Toyota: Fix coming 'soon' for gas pedals

Toyota is "finalizing a program" to replace the gas pedals recalled in the United States, said company spokesman John Hanson on Saturday.
Source: Business and financial news - CNNMoney.com | 30 Jan 2010 | 7:23 pm

Warning on tax return e-mail scam

Thousands of fraudulent e-mails have been sent out ahead of Sunday's tax return deadline, Revenue & Customs says.
Source: BBC News | Business | World Edition | 30 Jan 2010 | 6:49 pm

Weekend Investor: A fund-manager change can endanger your money

Buy 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 | 30 Jan 2010 | 6:20 pm

Glaxo Smith Kline set to slash 4,000 jobs

BRITAIN’s biggest drugs company, Glaxo Smith Kline, is to axe up to 4,000 more jobs as part of its plans to restructure its workforce and focus increasingly on emerging markets.


Source: Latest Business News from Times Online | 30 Jan 2010 | 5:01 pm

Racing TV group jumps at the chance of a sale

ONE of the backers behind the company that pipes TV footage from racecourses into the nation’s bookmakers will this week put itself up for sale.


Source: Latest Business News from Times Online | 30 Jan 2010 | 5:01 pm

Premier Food’s chairman David Kappler steps down

THE chairman of Premier Foods is preparing to quit after six years at the helm of Britain’s biggest food producer.


Source: Latest Business News from Times Online | 30 Jan 2010 | 5:01 pm

EU sets tough targets for Greece rescue

EUROPEAN officials will this week set the Greek government a four-month deadline to impose a stringent regime of budget cuts and financial reforms.


Source: Latest Business News from Times Online | 30 Jan 2010 | 5:01 pm

Half of new jobs are created by the state

NEARLY three-fifths of the growth in jobs under Labour during a decade in power was directly or indirectly created by the state, new research shows.


Source: Latest Business News from Times Online | 30 Jan 2010 | 5:01 pm

Lending is the cloud on the recovery’s horizon

Sometimes I wish I wrote about sport. There is plenty of debate before and after the match but, except in extremely rare circumstances, the score stands. Whether or not the Russian linesman was right to say the ball crossed the line in the 1966 World Cup final, England won.


Source: Latest Business News from Times Online | 30 Jan 2010 | 5:01 pm

MPC split on further quantitative easing

THE Bank of England’s monetary policy committee (MPC) is set for a split vote this week on whether to extend its controversial £200 billion programme of quantitative easing, or “creating” money.


Source: Latest Business News from Times Online | 30 Jan 2010 | 5:01 pm

Bankers burn the midnight oil at Davos

LARRY SUMMERS, Barack Obama’s top economics adviser, showed the strain yesterday at a debate at the World Economic Forum in Davos.


Source: Latest Business News from Times Online | 30 Jan 2010 | 5:01 pm

Santander’s profits increase 30% in UK

SANTANDER, the Spanish financial giant, will reveal this week that its three British banks have seen a 30% jump in profits.


Source: Latest Business News from Times Online | 30 Jan 2010 | 5:01 pm

Barack Obama curbs thwart RBS American sale

JP MORGAN, the American financial giant, has derailed the sale of Royal Bank of Scotland’s commodity-trading arm after refusing to buy its American operations.


Source: Latest Business News from Times Online | 30 Jan 2010 | 5:01 pm

Policymakers see growth reviving, still fragile

DAVOS, Switzerland (Reuters) - World economic growth may be springing back faster than expected but recovery remains fragile and a better balance is needed between exporting and importing nations, top policymakers said on Saturday.

Source: Reuters: Business News | 30 Jan 2010 | 4:43 pm

Hank Paulson blames FSA for Lehman failure

The former US Treasury Secretary's book reveals how he blames the FSA for not helping the stricken bank
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jan 2010 | 3:11 pm

Davos 2010: George Osborne tells bankers not to pay large bonuses

Shadow chancellor calls on bankers to show restraint and says immediate action needed to cut UK's deficit
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jan 2010 | 3:10 pm

HSBC in China bank bid

HSBC's global head of strategy, Antonio Simoes, has moved from London to Hong Kong to help chief executive Mike Geoghegan prepare a bid for a large Chinese bank later this year.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jan 2010 | 3:09 pm

ITV looks to pay-per-view to restore profits

New management will consider charging for some channels as broadcaster looks at ways of improving profitability.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jan 2010 | 3:09 pm

NewsWatch: U.S. stocks stumble in February

Shares 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 | 30 Jan 2010 | 3:05 pm

Michael Lang: Beware the lure of gold rush

When a new, popular investment class emerges, we tend to see the risks as relatively low compared to the upside. Take one of the most sought-after investments: gold.Gold is permanent, indestructible and has been a currency...
Source: nzherald.co.nz - Business | 30 Jan 2010 | 3:00 pm

TV3 star may face the axe

The future of John Campbell's current affairs show is up in the air as TV3 refuses to guarantee that it will survive the year.Campbell was called back from holiday to a secret lunch with the newly-appointed Australian head of...
Source: nzherald.co.nz - Business | 30 Jan 2010 | 3:00 pm

RBS's Global attracts plenty of possible buyers

Up to 45 parties show interest in payments operation put up for sale along with other assets
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jan 2010 | 2:30 pm

BA braced for more losses as legal fight looms with unions

Pressure on national carrier will mount this week as it discloses that it has had another quarter of thumping losses.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jan 2010 | 2:29 pm

PepsiCo plans $30bn push into healthy eating

PepsiCo is to launch a $30bn (£19bn) push into nutritional and healthy foods, says Indra Nooyi, its chief executive.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jan 2010 | 2:12 pm

Bob Geldof's Ten Alps plans Asian expansion from Singapore hub

Bob Geldof's Aim-listed media group Ten Alps is acquiring Asian assets from publisher Reed Elsevier for a new company it is launching in Singapore.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jan 2010 | 2:04 pm

Kraft chief: we believe in Cadbury

Irene Rosenfeld outlines her plans for the UK confectioner following the controversial deal
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jan 2010 | 2:03 pm

IMF plans $100bn injection into economy to fund energy efficiency

The International Monetary Fund (IMF) has issued a radical proposal to pump $100bn (£62.5bn) of its international currency into the world economy in order to fund an overhaul of how the economy generates growth.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jan 2010 | 2:01 pm

Mortgagee sales remain at record high

Mortgagee sales remain at record high numbers this morning.Latest figures from Terralink show 287 were registered in November last year, nearly double the number recorded the year before.The company says mortgagee sales could...
Source: nzherald.co.nz - Business | 30 Jan 2010 | 1:41 pm

Davos leaves questions over global bank rules push

Conference attendees agree change is necessary, but not on the kind of change.



Source: MarketWatch.com - Top Stories | 30 Jan 2010 | 12:42 pm

IMF introduces $100 billion 'green fund'

Money will be used to fund low-carbon growth



Source: MarketWatch.com - Top Stories | 30 Jan 2010 | 12:14 pm

Obama to propose permanent Build America Bonds

WASHINGTON (Reuters) - President Barack Obama will propose making a popular stimulus bond program permanent and expanding its use in the budget plan he presents on Monday, a U.S. Treasury Department official said on Saturday.

Source: Reuters: Business News | 30 Jan 2010 | 11:46 am

European automaker recalls nearly 100,000 vehicles

French auto maker says almost 100,000 vehicles made at Czech joint-venture plant with Toyota could have same accelerator problem that has prompted massive Toyota recall.



Source: MarketWatch.com - Top Stories | 30 Jan 2010 | 11:28 am

Foreclosure plague: It's spreading

The number of foreclosure filings in Myrtle Beach jumped 280% last year. Here are 10 cities where defaults grew at staggering rates in 2009.
Source: Business and financial news - CNNMoney.com | 30 Jan 2010 | 11:12 am

Nasdaq battered on Friday as techs slump

Stocks 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 | 30 Jan 2010 | 10:32 am

Sacrilege: Steve Jobs as Jesus


Source: Business and financial news - CNNMoney.com | 30 Jan 2010 | 10:29 am

Obama: Reining in deficit important to recovery

In their weekly address, Republicans criticize president on security issues.



Source: MarketWatch.com - Top Stories | 30 Jan 2010 | 10:26 am

NewsWatch: U.S. stocks stumble in February

Shares 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 | 30 Jan 2010 | 10:00 am

Saudi regulator fines six investors for bourse violations

RIYADH (Reuters) - The Saudi bourse regulator has ordered six investors to pay a total 278.1 million riyals ($74.16 million) for trading violations, it said in a statement on Saturday.

Source: Reuters: Business News | 30 Jan 2010 | 9:58 am

Saudi regulator fines six investors for bourse violations (Reuters)

Reuters - The Saudi bourse regulator has ordered six investors to pay a total 278.1 million riyals ($74.16 million) for trading violations, it said in a statement on Saturday.
Source: Yahoo! News: Stock Markets News | 30 Jan 2010 | 9:58 am

China sticking to monetary, currency policies

Davos policymakers fret over how to end global stimulus measures.



Source: MarketWatch.com - Top Stories | 30 Jan 2010 | 9:45 am

Earnings Outlook: Time Warner, News Corp. profits seen higher

Analysts will look for evidence in media giants' earnings reports that the recovery is real.



Source: MarketWatch.com - Top Stories | 30 Jan 2010 | 9:42 am

Tierney investigated

Investigators from the Ministry of Economic Development are looking into Mortgages by Design, a company owned by Suzanne Tierney. Tierney changed the name of Mortgages by Design to Pin Ltd on December 7 last year, then placed...
Source: nzherald.co.nz - Business | 30 Jan 2010 | 9:20 am

Shadowy threats

Experts warn state-sponsored cyber attacks are rising
Source: BBC News | Business | World Edition | 30 Jan 2010 | 9:07 am

PSA Peugeot to recall around 100,000 cars

PARIS (Reuters) - French carmaker PSA Peugeot Citroen said on Saturday it would recall nearly 100,000 cars because they have the same accelerator-related problems currently afflicting Japan's Toyota .

Source: Reuters: Business News | 30 Jan 2010 | 9:02 am

Coffee takes time to brew

If you can't face the day job then running your own business may be your ticket out of the rat race.It is something Isabel Jackson and Iain Worsley decided to do a year ago. The couple wanted to work less and have a business that...
Source: nzherald.co.nz - Business | 30 Jan 2010 | 9:00 am

Shock at overseas bills for smartphone users

Smartphone owners who use their gadgets overseas are being warned to brace themselves for "bill shock".The cost of internet access and downloading abroad incurs roaming fees up to 300 times higher than domestic charges.The...
Source: nzherald.co.nz - Business | 30 Jan 2010 | 9:00 am

Martin Hawes: Buy into the real business

There is now little doubt that taxation rules for residential property investment will change and that we will not see another residential property boom for a while.With rental yields low and little prospect of capital gain, many...
Source: nzherald.co.nz - Business | 30 Jan 2010 | 9:00 am

Bernard Hickey: Passing that potato compounds the pain

Some people think the global financial crisis is over and we have all dodged a depression because central banks printed money and slashed interest rates while governments spent up large to prevent a collapse.But this simply delayed...
Source: nzherald.co.nz - Business | 30 Jan 2010 | 9:00 am

Kerre Woodham : Telecom needs to put it right

There's no doubt that of all the angry and frustrated users of Telecom's XT service, none will be more furious than the big guy himself.Paul Reynolds has ordered an independent review of the network after two major faults in two...
Source: nzherald.co.nz - Business | 30 Jan 2010 | 9:00 am

You in Cuddle Class, return to the upright position

Air New Zealand crew are concerned about having to keep a "closer eye" on frisky passengers who might feel the urge to take advantage of the new Skycouch seats.The lie-down seats - dubbed "cuddle class" - will allow economy passengers...
Source: nzherald.co.nz - Business | 30 Jan 2010 | 9:00 am

Trade ministers gloomy on WTO prospects

DAVOS, Switzerland (Reuters) - Trade ministers expressed gloom on Saturday about the prospects of concluding stalled global trade liberalization talks this year, with many blaming the United States for foot-dragging.

Source: Reuters: Business News | 30 Jan 2010 | 8:38 am

Peugeot follows Toyota car recall

Peugeot Citroen, Europe's second-biggest carmaker, is recalling cars made at a Czech plant with Toyota.
Source: BBC News | Business | World Edition | 30 Jan 2010 | 6:34 am

Tesla: The First US Car Company IPO Since 1956

The last US auto company IPO was in 1956 when the Ford (NYSE:F) family decided to sell part of its company to the public while maintaining voting control though a special class of shares. Luxury electric car company Tesla plans to raise $100 million by offering some of its equity to public shareholders. The small auto firm [...]

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Source: 24/7 Wall St. | 30 Jan 2010 | 6:27 am

Toyota recalls 'up to 1.8m' cars

Toyota 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 | 30 Jan 2010 | 6:05 am

Honda recalls 646,000 Fits

Honda 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 | 30 Jan 2010 | 5:42 am

Own a Toyota? What do you do now?

With 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 | 30 Jan 2010 | 5:42 am

CBS rejects Gay dating site's Super Bowl ad

Super Bowl network CBS rejected an ad Friday from ManCrunch.com, a gay dating Web site.
Source: Business and financial news - CNNMoney.com | 30 Jan 2010 | 5:40 am

IMF urges global reform agreement

The head of the International Monetary Fund urges the US to join with other countries to reform banks.
Source: BBC News | Business | World Edition | 30 Jan 2010 | 4:56 am

Obama sets stage for fiscal retrenchment

President Barack Obama set the stage for an administration budget proposal intended to begin fiscal retrenchment after several years of high spending against recession
Source: Financial Times - US homepage | 30 Jan 2010 | 4:53 am

Japan not as worried about US Toyota recalls (AP)

Visitors check a car at a Toyota Motor Corp.'s showroom in Tokyo, Japan, Thursday, Jan. 28, 2010. A flood of recalls in the U.S. shows Toyota compromised on quality control in an overzealous drive to cut costs and expand sales during its climb to the top of the world auto market. (AP Photo/Shizuo Kambayashi)AP - American Toyota owners are understandably alarmed about ballooning recalls over faulty gas pedals and floor mats. In Japan, the automaker's home market, where there have been no such recalls, the reaction is — also understandably — muted.



Source: Yahoo! News: Business News | 30 Jan 2010 | 3:48 am

Stephanomics

Obama's advisor, Larry Summers, speaks
Source: BBC News | Business | World Edition | 30 Jan 2010 | 2:57 am