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European crisis highlights fragile global recovery (AP)
Source: Yahoo! News: Business News | 6 Feb 2010 | 3:31 am WA among states weighing sale of liquor business (AP)
Source: Yahoo! News: Business News | 6 Feb 2010 | 3:22 am Japanese media criticize Toyota chief for response (AP)
Source: Yahoo! News: Business News | 6 Feb 2010 | 3:19 am Nigeria gunmen kidnap foreign worker in oil region (AP)
Source: Yahoo! News: Business News | 6 Feb 2010 | 3:19 am Australia in huge China coal dealAn Australian firm signs a $60bn deal to supply coal to Chinese power stations from a mine to be built in Queensland.Source: BBC News | Business | World Edition | 6 Feb 2010 | 3:18 am 'Outrage' as deal ends BAE probesCampaigners express anger as defence group BAE Systems strikes a deal to end UK and US investigations into its affairs.Source: BBC News | Business | World Edition | 6 Feb 2010 | 3:01 am G-7 NOTEBOOK: Finance chiefs hear different tuneFinance officials are taking a break in talks about the world's economic woes to listen to a different tune. But Inuit folk singer Lucie Idlout's music comes with a serious message _ andSource: RSS feed - channel BNewsBusiness | 6 Feb 2010 | 2:00 am Judge: Pratt can't move jobs out of US (AP)
Source: Yahoo! News: Business News | 6 Feb 2010 | 1:53 am Judge: Pratt can't move jobs out of USA federal U.S. judge ordered jet engine maker Pratt & Whitney to halt its plans to move 1,000 jobs out of the state of Connecticut and to Japan, Singapore and the state of Georgia. U.S....Source: RSS feed - channel BNewsBusiness | 6 Feb 2010 | 1:50 am Golden milestone for the Hollywood Walk of FameThe L.A. landmark, whose first star was officially placed 50 years ago Monday, has taken a dramatic route from the beginning.Fifty years ago, the Hollywood Walk of Fame began as a gimmick to lure visitors to a Los Angeles neighborhood that had fallen on hard times in the post-World War II years.
Source: L.A. Times - Business | 6 Feb 2010 | 1:00 am Financial overhaul hits partisan obstacleAt odds with Republican Sen. Richard Shelby over creation of a consumer protection agency, Sen. Christopher Dodd says talks to craft a consensus bill have stalled and he'll draft his own legislation.The Obama administration's attempts to enact the most sweeping overhaul of financial regulations hit another obstacle Friday as Senate Banking Committee Chairman Christopher J. Dodd (D-Conn.) said that talks to craft a bipartisan bill had stalled and that he would draft his own bill.
Source: L.A. Times - Business | 6 Feb 2010 | 1:00 am Toyota president issues rare apology as pressure mountsAkio Toyoda announces a task force to improve quality, but bristles at suggestions that the automaker was trying to cover up problems and that he should have personally addressed the issue earlier.Seeking to quell the firestorm over Toyota's sudden-acceleration problems, the company's president issued a rare public apology Friday -- but one that analysts said was unlikely to deflect the increasing scrutiny of Toyota's actions.
Source: L.A. Times - Business | 6 Feb 2010 | 1:00 am U.S. unemployment rate falls unexpectedly, but job losses continueThe jobless rate declines to 9.7% in January from 10% in December. However, employers cut a net 20,000 jobs last month.U.S. workers and the Obama administration finally got some good news on the job front Friday as the unemployment rate unexpectedly tumbled out of double-digit terrain for the first time in four months.
Source: L.A. Times - Business | 6 Feb 2010 | 1:00 am Southwest Airlines to charge for Internet accessIt will install Wi-Fi on its entire fleet of 737s, but unlike with its 'bags fly free' campaign, users will have to pay. Also: Baggage-fee income isn't taxable, and TripAdvisor defends user reviews.Ding! You are now free to surf the Net -- but on Southwest Airlines, you'll have to pay for it.
Source: L.A. Times - Business | 6 Feb 2010 | 1:00 am A bidding frenzy for search engine keywords during the Super BowlAdvertisers will vie for the top 'sponsored links,' bidding on terms they think lots of fans will be seeking as they watch the game.When New Orleans takes on Indianapolis at the Super Bowl on Sunday, Brandon Nohara will be sprawled in front of his big-screen TV like millions of others across the nation, drinking beer as friends pack into his apartment.
Source: L.A. Times - Business | 6 Feb 2010 | 1:00 am Alberto Vilar, philanthropist and opera lover, sentenced to 9 yearsOpera-loving philanthropist Alberto Vilar was sentenced Friday to nine years in prison by a judge who credited his giving spirit but said he wanted to send a message to money managers that fraud will not be tolerated because it can damage confidence in the economy.
Source: L.A. Times - Business | 6 Feb 2010 | 1:00 am In praise of mammoth deficitsInvestment advisor Marshall Auerback and others in his camp say the U.S. can and should borrow more to finance the recovery.In crisis there usually is opportunity.
Source: L.A. Times - Business | 6 Feb 2010 | 1:00 am Stocks end mixed on jobs report, debt worriesNEW YORK -- A battered stock market recovered from a sharp drop in late trading Friday but still posted its fourth straight weekly drop.Source: RSS feed - channel BNPaperBusiness | 6 Feb 2010 | 1:00 am Toyota president issues rare apology as pressure mountsAkio Toyoda announces a task force to improve quality, but bristles at suggestions that the automaker was trying to cover up problems and that he should have personally addressed the issue earlier. ...Source: RSS feed - channel BNPaperBusiness | 6 Feb 2010 | 1:00 am L.A. jeans maker J Brand gets backing from talent agency CAAStar Avenue Capital, part of a partnership that includes entertainment powerhouse Creative Artists Agency, has taken a majority stake in the 5-year-old premium denim label. ...Source: RSS feed - channel BNPaperBusiness | 6 Feb 2010 | 1:00 am Lifetime CEO Andrea Wong to step downThe network chief's exit was expected after her authority was diminished in the takeover by A & E.Andrea Wong, the chief executive of Lifetime Networks who spent three years making over the once-frumpy cable network into a showcase for splashy shows including "Project Runway" and "Drop Dead Diva," is stepping down before her contract expires in April.
Source: L.A. Times - Business | 6 Feb 2010 | 1:00 am Southwest Airlines to charge for Internet accessIt will install Wi-Fi on its entire fleet of 737s, but unlike with its 'bags fly free' campaign, users will have to pay. Also: Baggage-fee income isn't taxable, and TripAdvisor defends user reviews. ...Source: RSS feed - channel BNPaperBusiness | 6 Feb 2010 | 1:00 am U.S. unemployment rate falls unexpectedly, but job losses continueThe jobless rate declines to 9.7% in January from 10% in December. However, employers cut a net 20,000 jobs last month. ...Source: RSS feed - channel BNPaperBusiness | 6 Feb 2010 | 1:00 am A bidding frenzy for search engine keywords during the Super BowlAdvertisers will vie for the top 'sponsored links,' bidding on terms they think lots of fans will be seeking as they watch the game. ...Source: RSS feed - channel BNPaperBusiness | 6 Feb 2010 | 1:00 am Alberto Vilar, philanthropist and opera lover, sentenced to 9 yearsOpera-loving philanthropist Alberto Vilar was sentenced Friday to nine years in prison by a judge who credited his giving spirit but said he wanted to send a message to money managers that fraud will not...Source: RSS feed - channel BNPaperBusiness | 6 Feb 2010 | 1:00 am Lifetime CEO Andrea Wong to step downThe network chief's exit was expected after her authority was diminished in the takeover by A & E. Andrea...Source: RSS feed - channel BNPaperBusiness | 6 Feb 2010 | 1:00 am Golden milestone for the Hollywood Walk of FameThe L.A. landmark, whose first star was officially placed 50 years ago Monday, has taken a dramatic route from the beginning. ...Source: RSS feed - channel BNPaperBusiness | 6 Feb 2010 | 1:00 am In praise of mammoth deficitsInvestment advisor Marshall Auerback and others in his camp say the U.S. can and should borrow more to finance the recovery. ...Source: RSS feed - channel BNPaperBusiness | 6 Feb 2010 | 1:00 am 5 new accidents involving Toyota Prius confirmed: report (AFP)
Source: Yahoo! News: Business News | 6 Feb 2010 | 12:50 am 5 new accidents involving Toyota Prius confirmed: reportThe Japanese government has confirmed five new accidents involving Toyota Motor's Prius hybrids and will urge the troubled car giant to investigate the cases, according to a newspaper...Source: RSS feed - channel BNewsBusiness | 5 Feb 2010 | 11:59 pm Stocks to Watch: Stocks in focus for MondayAmong the companies whose shares are likely to see active tradfing Monday are Electronic Arts, CVS Caremark and Hasbro.
Source: MarketWatch.com - Top Stories | 5 Feb 2010 | 10:01 pm Judge: Pratt can't move jobs out of Conn.A federal judge in Connecticut has sided with a Machinists union in its legal fight to block jet engine maker Pratt & Whitney from moving 1,000 jobs out of the state. U.S. District JudgeSource: RSS feed - channel BNewsBusiness | 5 Feb 2010 | 7:51 pm Madoff family agree to asset freezeBernard Madoff's brother, sons and a niece, accused in a lawsuit of using the family finance business like a "piggy bank," have agreed to an asset freeze, according to a document filed in a Manhattan court today.Court-appointed...Source: nzherald.co.nz - Business | 5 Feb 2010 | 7:20 pm Toyota's troubles test mettle of President Akio Toyoda, grandson of its founderLeader of the automaker for only eight months, he seemed to remain aloof from the automaker's crisis over the last two months, at least until his late-night apology Friday.As the first family member to lead Toyota Motor Corp. in 14 years, Akio Toyoda had a lot to prove, and his handling of the automaker's sudden-acceleration problems is testing his mettle.
Source: L.A. Times - Business | 5 Feb 2010 | 7:09 pm Taxing Times: The good news in Obama's tax proposalsIn all the talk this week about President Obama’s goal of raising taxes on the wealthy, an important point often was lost. Obama aims to make permanent the 10%, 15%, 25% and 28% tax brackets, which otherwise would expire after this year.
Source: MarketWatch.com - Top Stories | 5 Feb 2010 | 6:34 pm Could be long slog for Toyota to win back trustExperts explain how the battered auto maker needs to rebuild goodwill in the U.S. market.
Source: MarketWatch.com - Top Stories | 5 Feb 2010 | 6:23 pm Geithner says low risk of double-dip recessionTreasury Secretary Timothy Geithner says the US has a low risk of a double-dip recession. Geithner (guy-tner) told ABC News in an interview that will air Sunday on "This Week" that the...Source: RSS feed - channel BNewsBusiness | 5 Feb 2010 | 6:22 pm Video-game makers look to core for recoveryPublishers are turning back to their most devoted customer base -- core gamers -- to help them out of a rut over the next few months.
Source: MarketWatch.com - Top Stories | 5 Feb 2010 | 6:17 pm Bank failures to keep rising in 2010The continuing fallout from bad loans made in good years means even more U.S. banks will fail in 2010 than 2009, despite a recovering economy.
Source: MarketWatch.com - Top Stories | 5 Feb 2010 | 6:12 pm Las Vegas toxic pet food importers get probationFederal prosecutors say a Las Vegas-based company and its owners have been sentenced to three years probation for distributing a toxic pet food ingredient. Prosecutors in Kansas City saySource: RSS feed - channel BNewsBusiness | 5 Feb 2010 | 6:07 pm Financial Regulation, 9/11 Trial, Super Bowl, U.S. Jobs: VideoSource: Bloomberg - All Podcasts | 5 Feb 2010 | 6:03 pm Jobless rate hits 5-month low but payrolls fallWASHINGTON (Reuters) - The U.S. unemployment rate surprisingly fell to a five-month low of 9.7 percent in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs.Source: Reuters: Business News | 5 Feb 2010 | 6:03 pm Goldman CEO bonus only $9 million in nod to public ireNEW YORK (Reuters) - In a sign it is concerned about Main Street anger over bankers' compensation, Goldman Sachs Group Inc decided to give its CEO Lloyd Blankfein and other top executives lower bonuses than many had expected.Source: Reuters: Business News | 5 Feb 2010 | 6:01 pm Goldman CEO bonus only $9 million in nod to public ireNEW YORK (Reuters) - In a sign it is concerned about Main Street anger over bankers' compensation, Goldman Sachs Group Inc decided to give its CEO Lloyd Blankfein and other top executives...Source: RSS feed - channel BNewsBusiness | 5 Feb 2010 | 6:01 pm Libbey Receives Tenders and Consents in Tender Offer and Consent Solicitation for Its Floating Rate Senior Secured Notes Due 2011Source: RSS feed - channel BNewsBusiness | 5 Feb 2010 | 5:56 pm Top Ten: MarketWatch's top stories of the week, Feb. 1-5U.S. stocks end the day with small gains after a wild week that saw triple-digit changes on three of the week’s five days.
Source: MarketWatch.com - Top Stories | 5 Feb 2010 | 5:26 pm TaxWatch: Your February tax to-do listThe news is full of Bush tax cuts ready to expire, estate taxes that have not been extended, and President Obama’s myriad tax proposals. What’s a poor, benighted taxpayer to do? It’s easy: Focus on February.
Source: MarketWatch.com - Top Stories | 5 Feb 2010 | 5:25 pm Feds take deliberate approach of oil shale leasingConcerns and conflict over the first round of federal oil shale leases in the Rockies have made the government more deliberate in the second round, a federal official said Friday. Alan...Source: RSS feed - channel BNewsBusiness | 5 Feb 2010 | 5:22 pm Some wary of SEC's high-frequency presumptionsNEW YORK (Reuters) - Regulators considering new rules for U.S. stock markets should take care not to assume that certain types of high-frequency trading are harmful, speakers at a...Source: RSS feed - channel BNewsBusiness | 5 Feb 2010 | 5:18 pm Some wary of SEC's high-frequency presumptions (Reuters)Reuters - Regulators considering new rules for U.S. stock markets should take care not to assume that certain types of high-frequency trading are harmful, speakers at a conference on algorithmic trading said on Friday.Source: Yahoo! News: Stock Markets News | 5 Feb 2010 | 5:18 pm Some wary of SEC's high-frequency presumptionsNEW YORK (Reuters) - Regulators considering new rules for U.S. stock markets should take care not to assume that certain types of high-frequency trading are harmful, speakers at a conference on algorithmic trading said on Friday.Source: Reuters: Business News | 5 Feb 2010 | 5:18 pm Impasse threatens Obama's financial reformTop Senators failed to agree on a financial reform bill, endangering President Barack Obama’s overhaul of the US regulatory system. Source: Latest Business News from Times Online | 5 Feb 2010 | 5:03 pm Goldman execs split $45 million in stock bonusesExecutives at Goldman Sachs share stock bonuses worth $45 million, according to a regulatory filing by the investment bank.
Source: MarketWatch.com - Top Stories | 5 Feb 2010 | 5:03 pm Toyota boss breaks silence over recall crisisToyota is in a “moment of crisis” over the recall of eight million cars, the president of the world’s largest carmaker said yesterday, finally addressing a widely condemned refusal to break his silence on the issue. Source: Latest Business News from Times Online | 5 Feb 2010 | 5:01 pm Tory treasurer Michael Spencer defends £45m sale of Icap shares before price slumpMichael Spencer, the Conservative Party treasurer and one of the City’s richest men, who is accused of offloading £45 million of shares in his Icap interdealer broker before the share price collapsed, has strongly defended his behaviour to The Times. Source: Latest Business News from Times Online | 5 Feb 2010 | 5:01 pm My status as tax exile is no sham, says Guy HandsDeciding whether to sue one of the world’s biggest banks and publicly criticise a trusted adviser is a tough call. Source: Latest Business News from Times Online | 5 Feb 2010 | 5:01 pm Office of Fair Trading revives inquiry into tied pubs as campaigners refuse to call timeThe Office of Fair Trading (OFT) has agreed to reopen its inquiry into the tenanted pub market to head off a protracted and costly legal challenge from the Campaign for Real Ale (Camra). Source: Latest Business News from Times Online | 5 Feb 2010 | 5:01 pm Euro takes a beating amid stability woesThe pound dropped to its lowest level against the dollar for eight and a half months yesterday as heightening concerns about European sovereign debt and downbeat US jobs data saw the Dow Jones fall below 10,000 points, at one stage, and the FTSE 100 edge closer to the 5,000 mark, closing at 5,061. Source: Latest Business News from Times Online | 5 Feb 2010 | 5:01 pm Liberty International split brings Capital & Counties back to the foreLiberty International, Britain’s third-biggest property company, is to be split into two separate companies in a major restructuring of the £2.8 billion group. Source: Latest Business News from Times Online | 5 Feb 2010 | 5:01 pm Big contractors squeeze out the little manLarge construction contractors are squeezing smaller companies out of the race for lucrative public sector work because they can offer cheaper rates and mount better bids, according to a leading industry group. Source: Latest Business News from Times Online | 5 Feb 2010 | 5:01 pm It’s all a matter of timing — just ask investors at IcapWhoever bought Michael Spencer’s Icap shares cannot be too thrilled. The Icap founder and Conservative Party treasurer offloaded £45 million worth four weeks ago at 440p. Yesterday, the shares slumped 19 per cent to 294p as Mr Spencer conceded that new Icap ventures were taking longer to come good than had been expected. Source: Latest Business News from Times Online | 5 Feb 2010 | 5:01 pm Irene Rosenfeld says Kraft will produce more of its brands in BritainKraft Foods is planning a significant expansion of its manufacturing base in the UK in the wake of its takeover of Cadbury, the company’s chief executive said yesterday. Source: Latest Business News from Times Online | 5 Feb 2010 | 5:01 pm Goldman Sachs chief executive Lloyd Blankfein awarded $9m bonusThe head of Goldman Sachs was last night awarded a $9m (£5.75m) bonus for 2009 just hours after his opposite number at JP Morgan Chase was granted a $16.1m package.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Feb 2010 | 4:52 pm Tracking the cable guyOne day in 2001, Yuval Brisker was stuck at home, expecting a cable TV technician to arrive for a service call. First he waited. Then he waited some more. Brisker reflected that people all over the world were stuck in the same position, wasting hours without knowing when -- or even if -- a service person would show up.Source: Business and financial news - CNNMoney.com | 5 Feb 2010 | 4:51 pm Blankfein to get $9m stock bonusGoldman Sachs took a dramatic step to stem the public backlash against its compensation practices, awarding chief executive Lloyd Blankfein a $9m stock bonus, far lower than his annual payouts during the boom that preceded the financial crisis.Source: Financial Times - US homepage | 5 Feb 2010 | 4:49 pm Goldman CEO bonus smaller than expected (a mere $9 million) (AP)
Source: Yahoo! News: Business News | 5 Feb 2010 | 4:48 pm Andrea Coombes' Ways and Means: Job market shows signs of life -- sort ofCisco says it plans to hire 2,000 to 3,000 people. Wells Fargo will hire 1,400 brokers. General Dollar is creating about 5,000 new jobs. CarMax has 600 store positions available. Are these the signs of a job market on the rebound? A very cautious maybe.
Source: MarketWatch.com - Top Stories | 5 Feb 2010 | 4:40 pm U.S. companies' sales turnaround may be misleadingNEW YORK (Reuters) - U.S. companies' sales are expected to rise for the first time since the third quarter of 2008, but it may be too soon for investors to cheer the turnaround as proof the economy is about to take off.Source: Reuters: Business News | 5 Feb 2010 | 4:39 pm Limited Brands sets dividend of 15 cents per share (AP)AP - Clothing retailer Limited Brands Inc. says it will pay a quarterly dividend of 15 cents per share.Source: Yahoo! News: Business News | 5 Feb 2010 | 4:38 pm BAE handed £286m criminal finesDefence group BAE Systems is to pay fines of £280m after pleading guilty to criminal charges in Britain and the US.Source: BBC News | Business | World Edition | 5 Feb 2010 | 4:37 pm Mo agency says IRS failed to pay $172 waste fee (AP)AP - A Missouri agency says the IRS has failed to pay a small hazardous waste fee that's more than three years overdue.Source: Yahoo! News: Business News | 5 Feb 2010 | 4:36 pm Wall St edges up at closeUS stocks clawed into positive territory in a late rally in highly volatile trade today after the much-awaited jobs report presented a muddled picture on the troubled labour sector.The Dow Jones Industrial Average rose 13.83 points...Source: nzherald.co.nz - Business | 5 Feb 2010 | 4:35 pm Volcker’s Plan, Jobs, Trucking, Investing Mistakes:TakingStockSource: Bloomberg - All Podcasts | 5 Feb 2010 | 4:31 pm London moves to buy stolen bank dataBritain approaches Germany to buy a disc purchased from an informant in an effort to discover details of accounts hidden in Switzerland by potential UK tax evadersSource: Financial Times - US homepage | 5 Feb 2010 | 4:29 pm Apologetic Toyota looking to outside quality inputNAGOYA/DETROIT (Reuters) - Toyota Motor Corp's president apologized on Friday for safety problems and said the automaker would bring in outside experts to review quality controls, a highly unusual action for a company that has epitomized world-beating industrial standards.Source: Reuters: Business News | 5 Feb 2010 | 4:25 pm Hopes fade for bipartisan financial reform billHopes that the US Senate would pass bipartisan financial reform legislation faded after a top Democratic lawmaker said talks with his Republican counterpart had reached an ‘impasse’Source: Financial Times - US homepage | 5 Feb 2010 | 4:22 pm Stocks claw out a gain after late rallyStocks erased big losses by the close Friday, with technology shares leading the advance, following a three-session rout that had taken the market to its lowest point since last fall.Source: Business and financial news - CNNMoney.com | 5 Feb 2010 | 4:21 pm Goldman's Blankfein collects $9 million bonusGoldman Sachs stunned many in the Wall Street community Friday by awarding chief executive Lloyd Blankfein $9 million as his year-end bonus, far less than many were anticipating, and none of it in cash.Source: Business and financial news - CNNMoney.com | 5 Feb 2010 | 4:18 pm Stocks pull out of slump but end week lower (AP)
Source: Yahoo! News: Stock Markets News | 5 Feb 2010 | 4:17 pm Canadian Markets: Canadian stocks rebound to close weekCanada's major stock index recovers Friday to end 1.2% higher for the week.
Source: MarketWatch.com - Top Stories | 5 Feb 2010 | 4:05 pm Financial reform talks break down in SenateWASHINGTON (Reuters) - Bipartisan efforts on Capitol Hill to tighten financial regulation ground to a halt in the Senate on Friday, casting one of the top domestic policy priorities of the Obama administration in a stark political light.Source: Reuters: Business News | 5 Feb 2010 | 3:59 pm How the major stock indexes fared on Friday (AP)AP - A battered stock market recovered from a sharp drop in late trading Friday but still posted its fourth straight weekly drop.Source: Yahoo! News: Stock Markets News | 5 Feb 2010 | 3:53 pm Business Highlights (AP)AP - The outlook for jobs became a bit less bleak Friday when the government released January's unemployment rate showing an unexpected decline from 10 percent to 9.7 percent. It was the first drop in seven months.Source: Yahoo! News: Business News | 5 Feb 2010 | 3:46 pm Debt and job worries hit sharesGlobal shares fall sharply for the second straight day amid continued concerns about government debt levels.Source: BBC News | Business | World Edition | 5 Feb 2010 | 3:37 pm Buyer interest in Prius grows. Say what?By now, you've heard that some 2010 Toyota Priuses have a braking problem blamed for several crashes. That sounds scary, but to some it sounds like a deal.Source: Business and financial news - CNNMoney.com | 5 Feb 2010 | 3:29 pm E*Trade cuts trading fees as price war escalatesNEW YORK (Reuters) - E*Trade Financial Corp will cut trading fees for low-volume customers, the U.S. online brokers said on Friday, making its move in a pricing war that erupted among rivals in recent weeks.Source: Reuters: Business News | 5 Feb 2010 | 3:25 pm American Axle, Tyson Foods, Corning are 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 | 5 Feb 2010 | 3:24 pm Goldman Sachs Sets CEO Blankfein’s Major Bonus (GS, JPM)Everyone wants to know about Goldman Sachs Group (NYSE: GS) and how much it is going to pay CEO and Chairman Lloyd Blankfein, particularly after a rumor was out of a $100 million bonus being paid to what Main Street now considers one of America’s great financial villains. This is a “heads I will, tales [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Feb 2010 | 3:20 pm Wall Street cuts losses, closes up with techs, materials (Reuters)
Source: Yahoo! News: Stock Markets News | 5 Feb 2010 | 3:20 pm Wall Street cuts losses, closes up with techs, materialsNEW YORK (Reuters) - Stocks erased a midday drop to end slightly higher on Friday, closing out a volatile week punctuated by mixed signals from the labor market data and growing anxiety over fiscal problems in Europe.Source: Reuters: Business News | 5 Feb 2010 | 3:20 pm Podcast: Starting From Scratch In Haiti
A lottery stand in Haiti. (Chana Joffe-Walt/NPR) On today's Planet Money: Adam and Chana are on the ground in Haiti. And despite the general misery and constant funerals, Adam tells us people there are starting to talk about how to rebuild the country and the economy, maybe in a better way. The world helped rebuild Indonesia after the tsunami, and Rwanda after the genocide. But Haiti's troubles run deep, and have existed for decades. Download the podcast; or subscribe. Music: La Troupe Makandal's "Rara Processional." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 5 Feb 2010 | 3:00 pm US jobless rate lowest for five monthsThe US unemployment rate fell to a five-month low of 9.7 per cent in January, even as the economy shed 20,000 jobsSource: Financial Times - US homepage | 5 Feb 2010 | 2:52 pm Alan Greenspan fights backWhen the Senate grudgingly reconfirmed Ben Bernanke as Fed chairman two days before his term expired, he was only a stand-in for the man 30 senators were really mad at. "I knew that he would continue the legacy of Alan Greenspan, and I was right," said an angry Jim Bunning, a conservative Republican from Kentucky who voted no. Fumed Bernie Sanders of Vermont, the Senate's only (admitted) socialist: "He said it publicly -- I want to follow in the footsteps of Alan Greenspan. Alan Greenspan's philosophy is a disaster." Jeff Merkley (D-Ore.) said Bernanke "helped set the fire that destroyed our economy." Only helped, that is -- and we all know whom he helped.Source: Business and financial news - CNNMoney.com | 5 Feb 2010 | 2:43 pm After Greece, who's next?Bets against the fiscally unfit are multiplying, and there's no telling where they will stop.Source: Business and financial news - CNNMoney.com | 5 Feb 2010 | 2:29 pm ETF Securities Sees Dollar Rising Against Euro: AudioSource: Bloomberg - All Podcasts | 5 Feb 2010 | 2:27 pm Mastercard Raised to `Outperform' at Wells Fargo: AudioSource: Bloomberg - All Podcasts | 5 Feb 2010 | 2:26 pm BAE reaches $450 mln settlement with U.S., BritainLONDON/WASHINGTON (Reuters) - BAE Systems Plc, Europe's biggest military contractor, will pay around $450 million in fines in the United States and Britain, settling long-running corruption investigations on both sides of the Atlantic.Source: Reuters: Business News | 5 Feb 2010 | 2:23 pm Mayesh Sees a `Litigation Explosion' for Toyota: BLAWSource: Bloomberg - All Podcasts | 5 Feb 2010 | 2:23 pm BAE fined $400m over Saudi paymentsEurope's biggest defence company agrees to pay fine after admitting to "defrauding the US" over the sale of fighter planes.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Feb 2010 | 2:23 pm Countdown to a new job ... 211 daysIt's no wonder unemployed workers are getting discouraged: It's never taken longer to find a new job.Source: Business and financial news - CNNMoney.com | 5 Feb 2010 | 2:17 pm December consumer credit down for 11th straight monthWASHINGTON (Reuters) - A weak job market and tight credit conditions caused consumer credit to fall $1.73 billion in December, the eleventh straight monthly decline, a report from the Federal Reserve showed on Friday.Source: Reuters: Business News | 5 Feb 2010 | 2:09 pm The big game hunter of the SFO loses his prey in the African wildernessFrom the bars of Dar es Salaam to the slopes of Kilimanjaro, Tanzanians everywhere are celebrating another fine bit of work by the rozzers at the Serious Fraud Office.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Feb 2010 | 2:08 pm BAE to pay $450m to end bribery caseBAE Systems is preparing to plead guilty to criminal charges and pay one of the biggest ever fines over alleged corporate bribery after striking a deal to end transatlantic corruption probesSource: Financial Times - US homepage | 5 Feb 2010 | 1:54 pm BA's Willie Walsh must accelerate the changes - whatever the trolley brigade sayNaomi Campbell knew how to cope with the pre-flight nerves. "I don't mind flying," the supermodel once said. "I always pass out before the plane leaves the ground."Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Feb 2010 | 1:43 pm Exchange-traded funds get even cheaperSource: Business and financial news - CNNMoney.com | 5 Feb 2010 | 1:39 pm Consumer protection: No dealThe fate of a consumer financial protection agency was thrown in doubt Friday, as the Senate Banking Committee chief said he planned to push a bill forward without Republican support.Source: Business and financial news - CNNMoney.com | 5 Feb 2010 | 1:26 pm Steve Jobs courts media eliteSource: Business and financial news - CNNMoney.com | 5 Feb 2010 | 1:24 pm Markets suffer losses after US jobs reportGlobal markets overview: Keenly awaited non-farm payroll numbers from the US send stocks lower as Wall Street see-sawsSource: Financial Times - US homepage | 5 Feb 2010 | 1:23 pm Super Bowl Ads That Matter for Shareholders (DENN, DMND, ERTS, ETFC, MWW, MOT, QCOM)The 2010 Super Bowl is expected to be a return of bold advertising, at least in advertising dollars spent. Whether you are a Colts or Saints fan or no fan at all, it seems that even the non-sports lovers enjoy the commercials running for the Super Bowl. With the talk being that the cost is [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Feb 2010 | 1:23 pm Mark And Andy Madoff's Asses Frozen
Update: Surely it's no coincidence that somehow I'm able to get in to spread the word that Lloyd Blankfein will be taking a mere $9 million bonus (no cash) this year, and likely donating all the shares to a fund set up for curing feline AIDS. 
 Source: Dealbreaker | 5 Feb 2010 | 1:17 pm Spain and Portugal fight to calm investorsSpanish and Portuguese leaders struggled to soothe nervous investors on Friday and limit the loss of confidence that has spread across southern Europe from the financial crisis in GreeceSource: Financial Times - US homepage | 5 Feb 2010 | 12:47 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 | 5 Feb 2010 | 12:46 pm ICAP shares tumble on Obama's 'bolt from the blue' plan for proprietary tradingICAP, the inter-dealer broker founded by the Conservative Party treasurer Michael Spencer, has issued a profits warning less than a month after he sold £45m of shares in the business.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Feb 2010 | 12:32 pm T.J. Marta: Bloomberg On the Economy With Tom KeeneSource: Bloomberg - All Podcasts | 5 Feb 2010 | 12:29 pm Stanford's Lazear: Bloomberg On the Economy With Tom KeeneSource: Bloomberg - All Podcasts | 5 Feb 2010 | 12:28 pm Toyota chief Akio Toyoda makes public apology for mass recallThe president of Toyota has unveiled plans to overhaul the car maker's safety checks after making his public appearance since the company became embroiled in a recall crisis.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Feb 2010 | 12:24 pm Wedge issues threaten Tea Party unityThe polulistmovement is trying to bring disparate conservative groups togetherSource: Financial Times - US homepage | 5 Feb 2010 | 12:23 pm European markets plummet as the echoes of the ERM crisis intensifyEuropean shares endure their worst week in almost a year as investors speculate whether Eurozone countries will tow the line.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Feb 2010 | 12:15 pm Colts Super Bowl win more bullish for stocks: study (Reuters)
Source: Yahoo! News: Stock Markets News | 5 Feb 2010 | 12:11 pm General Election 2010: getting the right answers for the economy and businessHow the next Government handles our gaping public deficit will help define our economic prospects for years to come.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Feb 2010 | 12:03 pm Toyota president sorry for recallsAkio Toyoda, president of Toyota Motor, apologised for defects that have resulted in the recall of more than 8m of its cars, adding that the issue had created a “crisis situation” for the world’s top-selling carmaker, long renowned for its qualitySource: Financial Times - US homepage | 5 Feb 2010 | 12:02 pm Lower league advertisers seize on Super BowlThe underdogs are favoured to win the 44th Super Bowl this Sunday – in advertising terms, at least.Source: Financial Times - US homepage | 5 Feb 2010 | 11:52 am National Australia Bank plans team bid for RBS branchesNational Australia Bank has been approached by private equity firm Blackstone and Resolution Group, Clive Cowdery's buy-out vehicle, about a potential team bid for Royal Bank of Scotland's small business banking assets.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Feb 2010 | 11:49 am JP Morgan's chief Jamie Dimon gets $18m pay packageJamie Dimon, chairman and chief executive of JP Morgan Chase, has been given an $18m (£11.5m) cash and shares pay deal in one of Wall Street's largest compensation packages so far this bonus season.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Feb 2010 | 11:44 am Better odds on Wall Street or in Vegas?John Avello, who runs the sportsbook at the Wynn Las Vegas hotel, talks about whether the odds are better on Wall Street than where he works.Source: Marketplace Money | 5 Feb 2010 | 11:08 am Getting PersonalLos Angeles Times Consumer Columnist David Lazarus and Tess Vigeland get to the bottom of a few issues, including a very convincing scam that involves a job offer from Texaco.Source: Marketplace Money | 5 Feb 2010 | 11:08 am A financial management bible, updatedJane Bryant Quinn, who has been teaching us how to manage our money for almost three decades, just updated her classic bestseller, "Making the Most of Your Money Now." She talks with Tess Vigeland.Source: Marketplace Money | 5 Feb 2010 | 11:08 am Getting pumped up for FAFSAFor students fearful of tackling the onerous Free Application for Federal Student Aid, there is hope in the form of "College Goal Sunday" events at local YMCAs, churches and schools. Caitlan Carroll reports.Source: Marketplace Money | 5 Feb 2010 | 11:07 am A career boost for the unskilledWe're used to hearing that a good education is a ticket to a good job, but millions of Americans are feeling stuck in dead-end careers because they can't afford college. But that's changing in a few places around the country. Laurie Stern reports.Source: Marketplace Money | 5 Feb 2010 | 11:07 am Your reponse to our moral coverageTess Vigeland takes your comments on our coverage of moral issues, from walking away from your mortgage, to a manager helping employees make ends meet. Plus, a few more details on Tess' visit to a $29 movie theater.Source: Marketplace Money | 5 Feb 2010 | 11:07 am NYC's first small business incubatorSome New York City entrepreneurs have turned the recession into a moment of opportunity, creating the Big Apple's first small business incubator. Ben Calhoun reports.Source: Marketplace Money | 5 Feb 2010 | 11:07 am What to do about Toyota now?Phil Reed of Edmunds.com talks with Tess Vigeland about the latest developments in the Toyota recalls.Source: Marketplace Money | 5 Feb 2010 | 11:07 am Profit warning hits Icap sharesShares in money broker Icap slump 19.5% on Friday after it warns its full-year profits would fail to meet market expectations.Source: BBC News | Business | World Edition | 5 Feb 2010 | 10:51 am Did Oil Just Bottom? (OIH, VLO, BHI)The rise in the dollar and the most recent wave of added risks that are coming from Europe combined with the loan halts in China have brought havoc to the commodities markets. Oil has not been immune. But this brings up an interesting issue here with oil today. Oil just hit $78 on Wednesday, yet [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Feb 2010 | 10:36 am JPMorgan CEO Dimon gets $16 million in stock, options (Reuters)
Source: Yahoo! News: Stock Markets News | 5 Feb 2010 | 10:19 am Bill Gross: Things Still Pretty Much Suck
Source: Dealbreaker | 5 Feb 2010 | 10:19 am A Day In The Life Of A Haitian Boss
Click to enlarge. Working conditions in Haiti. (Chana Joffe-Walt/NPR) By Chana Joffe-Walt This is Georges Sassine's textile factory (left) and his office (right). The day before the earthquake his factory was bustling. Now, instead of running a company this was his day: 8am Attend a funeral (this has become a daily morning ritual) » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 5 Feb 2010 | 10:09 am FTSE slumps on debt fears (AFP)
Source: Yahoo! News: Stock Markets News | 5 Feb 2010 | 10:06 am Execs go incognito to review workplaceA new reality TV series features bosses from the likes of 7-Eleven and Churchill Downs working entry-level jobs to find out what really goes on in their companies. Amy Scott reports.Source: Marketplace | 5 Feb 2010 | 10:05 am In New Orleans, Saints vs. candidatesDavid Hammer, a reporter for the New Orleans Times-Picayune and life-long Saints fan, talks with Kai Ryssdal about how the Super Bowl is overshadowing The Big Easy's mayoral election.Source: Marketplace | 5 Feb 2010 | 10:05 am Will oil field pump up Dubai's economy?Officials in Dubai say they've found a fresh oil field. But some experts find the timing of the announcement a little curious. Bob Moon reports.Source: Marketplace | 5 Feb 2010 | 10:05 am PIGS spells problems for euroThe acronym for Portugal, Ireland, Greece and Spain is being used to designate those countries, whose weak economies and debt are causing concern around the globe --- but especially in Europe. Stephen Beard reports.Source: Marketplace | 5 Feb 2010 | 10:05 am Who's applying for census jobs?A massive campaign is now underway to hire more than a million census workers. Jeff Tyler reports on the head-counting campaign in Los Angeles.Source: Marketplace | 5 Feb 2010 | 10:05 am Weekly Wrap: Economic indicatorsFortune Magazine's Leigh Gallagher and Clusterstock's John Carney talk with Kai Ryssdal about what's happening with the U.S. labor market and Europe's debt problems.Source: Marketplace | 5 Feb 2010 | 10:05 am What do the jobless numbers mean?The January unemployment rate dropped from 10% to 9.7%, yet 20,000 jobs were lost. What do the latest numbers say about where we are headed with this economy? John Dimsdale reports.Source: Marketplace | 5 Feb 2010 | 10:05 am European debt fears plague world markets again (AP)
Source: Yahoo! News: Stock Markets News | 5 Feb 2010 | 10:00 am More Questions Than Answers in Airgas and Air Products & Chemicals (APD, ARG)Air Products & Chemicals Inc. (NYSE: APD) may have opened up a can of worms with its acquisition announcement of Airgas Inc. (NYSE: ARG). For starters, Air Products has a market cap of $14.5 billion. Airgas has a market cap of almost $5 billion after the 40% gain since the deal was announced. This merger [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Feb 2010 | 9:59 am Confidence rises but exports plummetThe latest New Zealand Manufacturers and Exporters Association Survey of Business Conditions shows total sales in December fell 6 per cent compared with December 2008. Export sales fell 7 per cent and domestic sales fell 4pc.The...Source: nzherald.co.nz - Business | 5 Feb 2010 | 9:50 am Jamie's Number Is In, What's Lloyd's Next Move?After much wait and speculation, Jamie Dimon's bonus number is in: golden boy took $16 million in bonus- half in restricted shares and half in options. We're told that Goldman was going to wait for the three-day weekend next Friday to make the big announcement and try to bury the news, but that may be no longer the case, given the pressure. So what's Blankfein gotta do? Options are not aplenty and basically boil down to: * He takes something slightly lower. ("I'm a bigger man.") * He takes something slightly bigger. ("I'm a bigger man, and this is way less than the rumored $100 mil")
Source: Dealbreaker | 5 Feb 2010 | 9:32 am Balanced funds recoverBalanced managed funds continued their recovery, delivering a positive return for the third consecutive quarter and regaining much of the losses experienced in 2008, a survey shows.Mercer's survey of New Zealand wholesale balanced...Source: nzherald.co.nz - Business | 5 Feb 2010 | 9:20 am Mary Schapiro Wants to Curb Short Selling, Speaks in Tongues
This is what she had to say, and if someone can translate, please stand up: "It is difficult to connect the dots and ferret out wrongdoing as trading activity frequently occurs across various markets and each market is only able to readily see trading activity conducted in their own market."
Source: Dealbreaker | 5 Feb 2010 | 9:07 am Landlords fret over possible tax hitLee Whiley's tenants nicknamed him the Bond Street Baron.Owning four houses in the popular Arch Hill thoroughfare near Eden Park, including two neighbouring houses, the lighthearted landlord is happily spending the summer on DIY...Source: nzherald.co.nz - Business | 5 Feb 2010 | 9:00 am European debt fears weigh on NZ marketNew Zealand shares were pushed sharply lower yesterday in the down-draught from offshore markets spooked by debt problems in European Countries and a soft US jobs number.The Dow Jones Industrial Average tumbled 2.61 per cent on...Source: nzherald.co.nz - Business | 5 Feb 2010 | 9:00 am Walking Man kick-starts art marketThe turning point that Britain's ailing art market has been praying for seems to have arrived at last. Following the incredible £65 million ($149 million) sale of the Giacometti sculpture L'Homme Qui Marche I (Walking Man 1) -...Source: nzherald.co.nz - Business | 5 Feb 2010 | 9:00 am Australian wine sector tries to stop oversupplyThe Australian wine sector is moving to reduce its oversupply of wine, with grape growers ripping up vines or leaving fruit to wither, says the Challenger Wine Trust (CWT).CWT on Thursday posted a 17.5 per cent drop in first half...Source: nzherald.co.nz - Business | 5 Feb 2010 | 9:00 am Brian Gaynor : Surge in jobless hitting younger Kiwis hardestThe dramatic increase in the December 2009 quarter seasonally adjusted unemployment rate, from 6.5 per cent in the September quarter to 7.3 per cent, is a timely reminder that the economic recovery is weak.The latest figure compares...Source: nzherald.co.nz - Business | 5 Feb 2010 | 9:00 am Rise in dole claims shakes US confidenceThe United States stockmarket tumbled yesterday as a rise in jobless claims dampened hopes about a key employment report due today.Weakness in the job market is seen as the biggest obstacle to a rebound in the economy. The unexpected...Source: nzherald.co.nz - Business | 5 Feb 2010 | 9:00 am ECU’s Juckes: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 5 Feb 2010 | 9:00 am John Herrmann: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 5 Feb 2010 | 8:58 am Surprise fall in US unemploymentThe US unemployment rate unexpectedly fell in January, to its lowest level in five months, official figures show.Source: BBC News | Business | World Edition | 5 Feb 2010 | 8:58 am Morgan Stanley’s Drossos: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 5 Feb 2010 | 8:56 am Feel Free To Look At Tasteful Topless Shots Of Miranda Kerr At WorkProvided you work at Macquarie! At least that's the takeaway I took from the joyous news that David Kiely will get to keep his job after the "incident" earlier this week. Higher-ups at the bank did not provide further details on their decision but the fact that Kerr came out to support Big D, saying that she would sign a petition to keep him employed may have helped, as "support" could in some cases be interpreted as on-site visits to the office. To celebrate the ruling:
Source: Dealbreaker | 5 Feb 2010 | 8:47 am Can Obama Wrangle Chinese Currency Deal?By Max Fisher of The Atlantic Wire When President Obama traveled to China in November, currency policy was among the most-discussed issues. U.S. economists worried, and still do, that China devalues its currency, creating a trade imbalance that weakens the U.S. economy. As those economists explained, this is a big deal, and Obama this week is [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Feb 2010 | 8:47 am This Week’s Weird Jobs
1. San Francisco: Redesign My Raincoat! I have a snazzy Cole Haan raincoat / trenchcoat, but I just don’t like how it fits. In fact, I dread rainy days, because I feel obligated to wear it (it was expensive), even though I can’t stand how I look in it. I am looking for a fashion designer or tailor, who is willing to redesign it and make it into something I want to wear. I want something chic, hip, fun, and this is where you come in. Make me a proposal for what you can do with my coat, and tell me how much you want to be paid for it. That’s an awful lot of effort for one snazzy coat. TALK SHOW IS LOOKING FOR men or women who are willing to try new things. If you or someone you know is in the NYC area and please give. we would love to speak with you! Please respond: Trying new things is a far cry from trying dog food. But hey, desperate times… Professional couple with three daughters (preschool and elementary age) seeking part-time help akin to Alice from the Brady Bunch. Combination of childcare, domestic help (laundry, housekeeping, errands), and meal prep. Anticipate four afternoons a week for several hours a day. Must pass background check, drug test, review of driving record, and have proof of insurance. If interested please respond to this posting with contact information and a summary of your experience. Thanks. THREE perfect kids, yecch! 4. Miami: I need a tarot card reader TODAY I am having a get together with girlfriends TODAY. 2pm… on south beach. Approximately 1-2 hours of your services max. Its a tea party that I’m putting together because I never get to see my girlfriends or spend time because of our busy conflicting schedules. I just decided thought that it would be a great idea to have a tarot card reader or a manicurist while we are chatting, or drinking tea. I dont have a HUGE budget, as I mentioned its just a get together and its at my house . For a tarot card reading, very basic, like a 5 card spread that answers one question or something. Please let me know your quote or rate. I am expecting 10-15 girls, not all will want or need services but I want them to have the option. Thank you in advance. On-demand tarot reader…could be a new market niche there. Look, I’ll cut to the chase. I just need some help around my house. Duties of a man-servant include, but are not limited to the following: In addition, a man-servant will have to be able to handle the following: Salary is negotiable and bonuses are available depending on how special you’ve made me feel by the end of the day. If you’re interested, please contact me as soon as possible. I wonder how many boyfriends she had to go through to figure out that she needed to hire a servant. Happy Friday!
Source: Business Pundit | 5 Feb 2010 | 8:46 am Challenge to debt payoff tacticsPeople who face losing their homes because of debts on credit cards or loans could get greater protection.Source: BBC News | Business | World Edition | 5 Feb 2010 | 8:09 am Does Ben Bernanke Bear A Resemblance To Raj Rajaratnam?
Source: Dealbreaker | 5 Feb 2010 | 7:55 am Yay!(?) Jobless Rate Under 10 PercentBy David Kestenbaum The Bureau of Labor Statistics just announced the unemployment rate fell to 9.7 percent in January. Most forecasters thought the situation would be worse. But a second, contradictory number also came out : the number of jobs dropped by 20,000. Heidi Shierholz, a labor economist at the Economic Policy Institute told me she got that number right. ("I've never gotten it exactly on, so it was an exciting morning for me," she deadpanned.) Why the contradiction? The two numbers come from different surveys. The BLS gets the number of jobs by surveying employers, asking them how many people they have on payroll, while the actual unemployment numbers come from the household survey, which asks people whether they have jobs and are looking. Shierholz says it's hard to reconcile the two this time around but she and others tend to trust the payroll numbers more, because the survey is larger and thus more statistically reliable. However you look at it, things are far better than January of a year ago when the economy lost a staggering 779,000 jobs. "We are out of the dark days," she says. Still, we need to be adding at least 100,000 jobs a month just to keep pace with population growth. And the numbers that came out today suggest things are basically flat. Bonus Reading: The Jobs Hole. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 5 Feb 2010 | 7:23 am Top Analyst Upgrades & Downgrades (ADM, CIEN, DLTR, EK, EXC, GPS, LDK, MA, WFR, MET, TAP, MOT, EDU, VECO)These are this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Archer Daniels Midland (NYSE: ADM) Raised to Buy at Deutsche Bank. CIENA Corp. (NASDAQ: CIEN) Cut to Equal Weight at Barclays. Dollar Tree (NASDAQ: DLTR) Cut to Neutral at JPMorgan. Eastman Kodak (NYSE: EK) Raised to Hold at Brean Murray. Exelon Corp. (NYSE: EXC) [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Feb 2010 | 7:11 am Somehow, Some Way, Unemployment 9.7%Many have said that the math from the US Labor Department is fuzzy, and today will only show further conversations of that notion. Despite the negative recent news in weekly jobless claims, the unemployment rate came in 9.7%… Bloomberg and Dow Jones were at 10.1% for expectations. The change in non-Farm payrolls was -20,000 versus [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Feb 2010 | 6:53 am Today’s Best Market Rumors (2/5/2010) (BCS)(MSFT)Updated throughout the day. Toyota (TM) will recall the Prius in Japan (Reuters) JPMorgan (JPM) chief Jamie Dimon will be paid $15 million to $20 million in 2009 compensation (FT) Barclays (BCS) will bail AIG (AIG) out of a difficult derivatives deal. (Reuters) Cnooc has reached a deal to buy the Ugandan oil fields of Tullow Oil for $2.5 billion. (WSJ) Microsoft (MSFT) [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Feb 2010 | 6:53 am West Ham seek financial backersWest Ham United's owners ask professional investors for a cash injection of up to £40m in the east London football club.Source: BBC News | Business | World Edition | 5 Feb 2010 | 6:30 am Opening Bell: 02.05.10Dimon receives $10m shares (FT) Lehman Was Bank of America Acquisition Target, Not Merrill, E-Mails Show (Bloomberg) Fund Manager Led Investigators to Galleon Informant (DealBook) Dodd Denounces Pace of Banking Overhaul (NYT) UBS to reorganize struggling US wealth management (Reuters) Top 2009 Forecasters Saw Bad Times (WSJ) Does Size Matter (In The NFL)? (WSJ)
Source: Dealbreaker | 5 Feb 2010 | 6:30 am OFT reopens probe into pub sectorThe Office of Fair Trading reopens its investigation into so-called "beer ties" between pub companies and their tenant landlords.Source: BBC News | Business | World Edition | 5 Feb 2010 | 6:13 am When Political Correctness Goes OverboardReceived this in my inbox: Due to the climate of political correctness now pervading America, Kentuckians, Tennesseans and West Virginians will no longer be referred to as ‘HILLBILLIES.’ You must now refer to them as APPALACHIAN-AMERICANS. And furthermore: HOW TO SPEAK ABOUT WOMEN AND BE POLITICALLY CORRECT: 1. She is not a ‘BABE’ or a ‘CHICK’ – She is a ‘BREASTED AMERICAN.’ 2. She is not ‘EASY’ – She is ‘HORIZONTALLY ACCESSIBLE.’ 3. She is not a ‘DUMB BLONDE’ – She is a ‘LIGHT-HAIRED DETOUR OFF THE INFORMATION SUPERHIGHWAY.’ 4. She has not ‘BEEN AROUND’ – She is a ‘PREVIOUSLY-ENJOYED COMPANION.’ 5. She does not ‘NAG’ you – She becomes ‘VERBALLY REPETITIVE.’ 6. She is not a ‘TWO-BIT HOOKER’ – She is a ‘LOW COST PROVIDER.’ HOW TO SPEAK ABOUT MEN AND BE POLITICALLY CORRECT: 1. He does not have a ‘BEER GUT’ – He has developed a ‘LIQUID GRAIN STORAGE FACILITY.’ 2. He is not a ‘BAD DANCER’ – He is ‘OVERLY CAUCASIAN.’ 3.. He does not ‘GET LOST ALL THE TIME’ – He ‘INVESTIGATES ALTERNATIVE DESTINATIONS.’ 4. He is not ‘BALDING’ – He is in ‘FOLLICLE REGRESSION.’ 5. He does not act like a ‘TOTAL ASS’ – He develops a case of ‘RECTAL-CRANIAL INVERSION.’ (Loved this one!) 6. It’s not his ‘CRACK’ you see hanging out of his pants – It’s ‘TROUSER CLEAVAGE.’ Happy Friday!
Source: Business Pundit | 5 Feb 2010 | 6:00 am Olympic bosses bail out GB skiersBritish Olympic chiefs ensure British skiers can compete in Vancouver despite their governing body going bust.Source: BBC News | Business | World Edition | 5 Feb 2010 | 5:50 am China Vs. US ChickensObama will meet with China “enemy of the state”, the Dalai Lama, spiritual leader of Tibet. The Chinese government has already protested the visit. The US will sell $6.4 billion in arms to Taiwan, which China views as a rouge province over which it should have dominion. The People’s Republic say it will retaliate by [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Feb 2010 | 4:07 am Comcast And GE Try To Defend A Questionable DealGE (GE) and Comcast (CMCSA) have struck a deal for the cable company to take a controlling share in GE’s entertainment unit–NBCU. Opponents of the transaction claim that it will be anticompetitive for the largest cable company in America to own one of the largest collections of content assets. Executives for the two firms went before [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Feb 2010 | 3:36 am
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