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10 Things Your Car Dealer Won't Tell You (10 Things)Shady financing, overpriced inventory and shaky customer service are some.
Source: SmartMoney.com | 14 Feb 2010 | 10:00 pm Bharti offers $10.7 billion for Zain Africa ops: reportsKUWAIT (Reuters) - Bharti Airtel has offered up to $10.7 billion for the African assets of Kuwaiti telecom group Zain, Kuwaiti newspapers reported on Saturday, as India's largest mobile operator makes a renewed foreign push.
Source: Reuters: Business News | 13 Feb 2010 | 3:11 am UPDATE 3-Shinsei, Aozora call off merger - Nikkei* Failure to agree on strategy has led to breakdown - NikkeiSource: RSS feed - channel BNewsBusiness | 13 Feb 2010 | 2:16 am Toyota races to fix sticky gas pedalsDealers work around the clock and report that the effort is going relatively smoothly. Toyota says that of the 2.4 million vehicles recalled for the problem in the U.S., 400,000 have been fixed.It's a monster of a problem, with more than 2.4 million recalled vehicles in the U.S. alone needing repairs.
Source: L.A. Times - Business | 13 Feb 2010 | 1:00 am Britain smug about euro crisis but has its own problemsThe British rejected adoption of the regional euro currency. Even so, the government must bite the fiscal bullet to repair an economy hit hard by the global downturn, analysts say.It's not hard to find some smug smiles in Britain these days as the rest of Europe grapples with a debt crisis that has cast doubt on the future of the euro.
Source: L.A. Times - Business | 13 Feb 2010 | 1:00 am Airborne laser shoots down missile in test, Pentagon saysThe successful trial near Point Mugu could save the endangered defense system and benefit Southland companies that helped develop the weapon.A flying Boeing 747 jumbo jet equipped with a massive laser gun shot down a Scud-like missile over the Pacific late Thursday night, marking what analysts said was a major milestone in the development of the nation's missile defense system.
Source: L.A. Times - Business | 13 Feb 2010 | 1:00 am China, worried about a real estate bubble, moves to restrain bank lendingThe action, which shook global financial markets, could help cool a market in which housing is unaffordable to ordinary citizens. Banks will have to set aside more reserves with the central bank.Amid growing fears of a real estate bubble, Chinese officials moved Friday to restrain bank lending and put a lid on incipient inflation, a surprise action that shook financial markets around the world on concern that the leading engine of the global economic recovery could be slowing.
Source: L.A. Times - Business | 13 Feb 2010 | 1:00 am Business BriefingRetail sales rise, topping expectations
Source: L.A. Times - Business | 13 Feb 2010 | 1:00 am Business BriefingRetail sales rise, topping expectationsSource: RSS feed - channel BNPaperBusiness | 13 Feb 2010 | 1:00 am Stocks mostly fall after China slows lending againNEW YORK -- Industrial stocks stumbled Friday after China said it would take more steps to keep its economy from growing too fast.Source: RSS feed - channel BNPaperBusiness | 13 Feb 2010 | 1:00 am Britain smug about euro crisis but has its own problemsThe British rejected adoption of the regional euro currency. Even so, the government must bite the fiscal bullet to repair an economy hit hard by the global downturn, analysts say. ...Source: RSS feed - channel BNPaperBusiness | 13 Feb 2010 | 1:00 am Virtual valentines sweep the InternetMessages and 'gifts' spice up multiplayer games and marketing campaigns. If anyone tells you to be realistic about...Source: RSS feed - channel BNPaperBusiness | 13 Feb 2010 | 1:00 am Toyota races to fix sticky gas pedalsDealers work around the clock and report that the effort is going relatively smoothly. Toyota says that of the 2.4 million vehicles recalled for the problem in the U.S., 400,000 have been fixed. ...Source: RSS feed - channel BNPaperBusiness | 13 Feb 2010 | 1:00 am Seeking comeback, Microsoft to revamp smart phone softwareCEO Steve Ballmer is expected to reveal Windows Mobile 7 when he speaks at Mobile World Congress in Spain next week. ...Source: RSS feed - channel BNPaperBusiness | 13 Feb 2010 | 1:00 am Car rental firms race to locate recalled Toyotas, VibesCompounding the problem is that some customers haven't returned the cars quickly, either because they don't know about the recalls or they don't care. ...Source: RSS feed - channel BNPaperBusiness | 13 Feb 2010 | 1:00 am Thrifty Chinese resist enticements to spendAn official push to promote consumerism as a way of reducing dependence on exports faces cultural hurdles.To re-balance their economies, Americans need to save more and the Chinese must loosen their wallets.
Source: L.A. Times - Business | 13 Feb 2010 | 1:00 am Closure of Toyota plant in California is protestedThe United Auto Workers union launches a campaign to pressure the automaker into keeping the NUMMI facility in Fremont open. ...Source: RSS feed - channel BNPaperBusiness | 13 Feb 2010 | 1:00 am USDA imposes new standards for milk to qualify as organicUnder the rules, which go into effect June 17, cows must get plenty of fresh grass and spend at least four months a year grazing in pastures.Got grass?
Source: L.A. Times - Business | 13 Feb 2010 | 1:00 am Car rental firms race to locate recalled Toyotas, VibesCompounding the problem is that some customers haven't returned the cars quickly, either because they don't know about the recalls or they don't care.The recalls of several Toyota models over the last month not only have sparked angst at Toyota dealerships but also have created headaches for car rental companies that offer the vehicles.
Source: L.A. Times - Business | 13 Feb 2010 | 1:00 am Thrifty Chinese resist enticements to spendAn official push to promote consumerism as a way of reducing dependence on exports faces cultural hurdles. To...Source: RSS feed - channel BNPaperBusiness | 13 Feb 2010 | 1:00 am Google updates Buzz social-networking service amid privacy concernsThe Internet giant has tweaked the sign-up process to make the opt-out option clearer and made it easier to block people from following users. ...Source: RSS feed - channel BNPaperBusiness | 13 Feb 2010 | 1:00 am Reports: Japanese banks may drop merger planJapan's Shinsei Bank Ltd. and Aozora Bank Ltd. _ two midsize lenders with major U.S. shareholders _ could call off their plan to merge later this year amid differences over management,...Source: RSS feed - channel BNewsBusiness | 12 Feb 2010 | 11:55 pm Reports: Japanese banks may drop merger plan (AP)AP - Japan's Shinsei Bank Ltd. and Aozora Bank Ltd. — two midsize lenders with major U.S. shareholders — could call off their plan to merge later this year amid differences over management, strategy and system integration, news reports said Saturday.Source: Yahoo! News: Business News | 12 Feb 2010 | 11:55 pm Prospect of SDRs as reserve currency remote: Mark Carney (Reuters)Reuters - The prospect of International Monetary Fund's (IMF) Special Drawing Rights (SDR) becoming a reserve currency is remote in the near future, Bank of Canada Governor Mark Carney said on Saturday. "Prospect of SDR as a meaningful reserve currency is remote in a reasonable time horizon partly because of the governance structure of the IMF and partly because it doesn't solve the reserve currency adjustment problem in our opinion," Carney said.Source: Yahoo! News: Business News | 12 Feb 2010 | 11:03 pm Outside the Box: Relax, it's just a correctionSomething has been wrong with the markets in 2010, writes Howard Gold.
Source: MarketWatch.com - Top Stories | 12 Feb 2010 | 10:01 pm Market Snapshot: U.S. volatility to persist on global uncertaintyStock movement likely to reflect events in Europe and Asia when trading resumes Tuesday in holiday-shortened week.
Source: MarketWatch.com - Top Stories | 12 Feb 2010 | 10:01 pm Stocks to Watch: Stocks in focus for TuesdayAmong the companies whose shares are expected to see active trading when stock markets re-open Tuesday after the Presidents Day holiday are Whole Foods, Kraft and Merck,
Source: MarketWatch.com - Top Stories | 12 Feb 2010 | 10:01 pm Los Angeles World Airports Lauds TSA Federal Security Director-LAX Larry Fetters Upon Retirement AnnouncementSource: RSS feed - channel BNewsBusiness | 12 Feb 2010 | 9:38 pm Pending closure of Toyota plant in California protestedThe United Auto Workers union launches a campaign to pressure the automaker into keeping the NUMMI facility in Fremont open.National labor union officials, community leaders and politicians stepped up their efforts to pressure embattled Toyota Motor Corp. to reverse its decision to stop making cars in Northern California.
Source: L.A. Times - Business | 12 Feb 2010 | 9:11 pm Toyota faces new woes with Tacoma truck recall (AFP)
Source: Yahoo! News: Business News | 12 Feb 2010 | 8:17 pm Toyota sued in Calif. over acceleration deaths (AP)AP - Two lawsuits complaining of sudden, uncontrollable acceleration in Toyotas that resulted in deaths in Nebraska and Mississippi were filed against the automaker in Los Angeles federal court Friday.Source: Yahoo! News: Business News | 12 Feb 2010 | 8:04 pm Toyota sued in Calif. over acceleration deathsTwo lawsuits complaining of sudden, uncontrollable acceleration in Toyotas that resulted in deaths in Nebraska and Mississippi were filed against the automaker in Los Angeles federal court...Source: RSS feed - channel BNewsBusiness | 12 Feb 2010 | 8:04 pm Toyota faces new woes with Tacoma truck recallToyota is facing new woes with another recall -- this time involving its Tacoma pickup trucks -- after US President Barack Obama warned carmakers not to drag their feet on beefing up...Source: RSS feed - channel BNewsBusiness | 12 Feb 2010 | 7:58 pm Toyota Town tests loyalty of its residentsIt is no longer ‘treasonous’ to own a marque other than Toyota in the eponymous city, but the carmaker still runs a miniature welfare stateSource: Financial Times - US homepage | 12 Feb 2010 | 7:29 pm Volkswagen recalls 20,000 cars in MexicoGerman automaker Volkswagen said it was recalling some 20,000 cars in Mexico, a day after it announced the recall of nearly 200,000 cars in Brazil over potential wheel malfunctions. The...Source: RSS feed - channel BNewsBusiness | 12 Feb 2010 | 7:29 pm At TCW, it's time for damage controlWhen L.A. money management giant TCW Group Inc. fired its investment chief in December, it sought to end a bitter internal struggle that threatened to rip apart its $100-billion business.
Source: L.A. Times - Business | 12 Feb 2010 | 7:02 pm Army clears Oshkosh to resume work on $3 billion dealWASHINGTON (Reuters) - The U.S. Army on Friday cleared Oshkosh Corp Friday to resume work on a $3 billion medium truck contract, after a month-long reevaluation of all three bids originally submitted for the work.
Source: Reuters: Business News | 12 Feb 2010 | 6:44 pm Owner proposed breaking up EMI GroupNEW YORK, Feb 12 (Reuters) - Buyout house Terra Firma Capital Partners Ltd [TERA.UL] Chairman and Chief Executive Guy Hands proposed three months ago to break up music company EMI Group Ltd, court documents...Source: RSS feed - channel BNewsBusiness | 12 Feb 2010 | 6:41 pm Owner proposed breaking up EMI GroupNEW YORK, Feb 12 (Reuters) - Buyout house Terra Firma Capital Partners Ltd [TERA.UL] Chairman and Chief Executive Guy Hands proposed three months ago to break up music company EMI Group Ltd, court documents...Source: RSS feed - channel BNewsBusiness | 12 Feb 2010 | 6:41 pm Obama offers nuclear plant loan guaranteePresident Barack Obama will next week announce loan guarantees for two new nuclear reactors, the first step in what an administration offiical said would be the first nuclear power plant to be built in the US in three decadesSource: Financial Times - US homepage | 12 Feb 2010 | 6:36 pm Nebraska woman sues Toyota over husband's deathA Nebraska widow has sued Toyota in federal court in Los Angeles seeking compensation for the death of her husband on grounds he was killed when their Prius suddenly accelerated and...Source: RSS feed - channel BNewsBusiness | 12 Feb 2010 | 6:15 pm Freehold Capital Partners Announces Relocation of Corporate Offices to ManhattanSource: RSS feed - channel BNewsBusiness | 12 Feb 2010 | 6:15 pm Icahn unloads most of Yahoo stakeMove follows activist investor's departure from board of directors.
Source: MarketWatch.com - Top Stories | 12 Feb 2010 | 6:04 pm Toyota recalls 8,000 US vehiclesToyota is to recall 8,000 Tacoma pick-up trucks in the US due to concerns about front drive shafts.Source: BBC News | Business | World Edition | 12 Feb 2010 | 5:44 pm Coalition forces launch Taliban offensiveSome 15,000 US, Nato and Afghan forces have begun a long awaited offensive against the Taliban’s biggest remaining stronghold in Afghanistan.Source: Financial Times - US homepage | 12 Feb 2010 | 5:30 pm Voxware narrows fiscal 2nd-qtr loss as costs dip (AP)AP - Voxware Inc., which makes voice-driven software for use in warehouse operations, said Friday that its fiscal second-quarter loss narrowed as costs fell.Source: Yahoo! News: Business News | 12 Feb 2010 | 5:21 pm Toyota answers Congress questions before hearings (AP)
Source: Yahoo! News: Business News | 12 Feb 2010 | 5:17 pm Concern grows over gambling in UKThere is growing concern over the number of people turning to gambling to survive the recession, a debt charity says.Source: BBC News | Business | World Edition | 12 Feb 2010 | 5:11 pm Valentine woesLess demand for roses hurts Kenya flower growersSource: BBC News | Business | World Edition | 12 Feb 2010 | 5:11 pm Consumer watchdog threatens financial reformWASHINGTON (Reuters) - A fight over an Obama administration proposal to create a new U.S. watchdog for consumer financial products threatened on Friday to derail progress toward tighter bank and capital market regulation, amid much posturing on both sides.
Source: Reuters: Business News | 12 Feb 2010 | 5:07 pm Canadian Markets: Canadian stocks reverse to end week higherShares turn around near the end of the day's trading to close 0.3% higher and cap off a week of 2.2% gains.
Source: MarketWatch.com - Top Stories | 12 Feb 2010 | 5:07 pm New tax bombshell: 20% VATA rise in VAT is looming whichever party wins the general election, as Labour and the Conservatives draw up plans to balance Britain’s books. Source: Latest Business News from Times Online | 12 Feb 2010 | 5:01 pm Markets moan, watchdogs bark, but Icap is still a big beastThe row over Michael Spencer’s earlier sale of a small portion of his Icap shares overshadowed consideration a week ago of why the share price had plunged by a fifth after what was not an especially devastating profits warning. Source: Latest Business News from Times Online | 12 Feb 2010 | 5:01 pm Insurers and brokers turn on FSA over charge risesThe Financial Services Authority (FSA) sparked anger among mortgage brokers and insurers last night after saying its annual costs would rise by nearly £41 million to help to fund a sharp increase in supervisory activities. Source: Latest Business News from Times Online | 12 Feb 2010 | 5:01 pm Northgate Information Solutions boss Chris Stone is riding highThe Beatles once sang “a man must break his back to earn his day of leisure”. Chris Stone, chief executive of Northgate Information Solutions, did just that. Source: Latest Business News from Times Online | 12 Feb 2010 | 5:01 pm George Osborne ready to reshape Treasury as finance ministryThe Treasury faces big changes if the Conservatives win the next general election. It will become a more traditional finance ministry, concentrating on whether, and how, to raise more money from VAT and how to cut back spending. But the Treasury is already a very different department from 2007, before the financial crisis and when Gordon Brown was still Chancellor. Source: Latest Business News from Times Online | 12 Feb 2010 | 5:01 pm Supergroup poised to show flotations in fashionSupergroup, the fashion retailer owning Cult Clothing and Superdry, is expected to announce as early as next week its aim to float, in a listing that could value it at about £400 million, showing that the market for initial public offerings (IPOs) has not dried up completely. Source: Latest Business News from Times Online | 12 Feb 2010 | 5:01 pm China move on bank reserves rattles US stock marketThe Dow Jones industrial average lost almost 152 points and commodity prices plunged yesterday after China’s surprise decision to raise bank reserves, aggravating fears that it will no longer fund the global recovery. Source: Latest Business News from Times Online | 12 Feb 2010 | 5:01 pm Big shot of the week: Tom Singh, of New LookThe words said "New Look", but the story they told, in paper and on screen, may have seemed a little familiar to Tom Singh yesterday. Source: Latest Business News from Times Online | 12 Feb 2010 | 5:01 pm Bitter taste of bid politicsMany silly things have been said in the heat of a hostile takeover bid. But few were as ill-considered as Kraft’s constant refrain over the past few months that it intended to abandon the planned closure of the Curly-Wurly plant in Somerdale if it won its bid for Cadbury. Source: Latest Business News from Times Online | 12 Feb 2010 | 5:01 pm O’Leary faces lawsuit over attack on easyJet founderThe two barons of the European budget airline industry are to see each other in court after Sir Stelios Haji-Ioannou, the founder of easyJet, yesterday instructed Schillings, the libel lawyers, to serve a writ on Michael O’Leary, the chief executive of Ryanair. Source: Latest Business News from Times Online | 12 Feb 2010 | 5:01 pm Competitor’s death mars opening of OlympicsUSource: Financial Times - US homepage | 12 Feb 2010 | 4:52 pm Barclays chiefs forgo cash bonusesMove align Barclays with international rivals amid fierce criticism over the level of bonuses for bankers in the wake of the financial crisisSource: Financial Times - US homepage | 12 Feb 2010 | 4:48 pm A Renewed Sense Of Energy (Investor's Business Daily)Investor's Business Daily - The global coal industry is in the midst of a permanent structural shift in the form of the emerging dominance of the Asia-Pacific region.Source: Yahoo! News: Business News | 12 Feb 2010 | 4:37 pm Japan worried that Toyota woes could hurt US ties (AP)
Source: Yahoo! News: Business News | 12 Feb 2010 | 4:33 pm Dow slides on China worriesThe Dow tumbled Friday after China's bid to limit bank loans and slower-than-expected European growth raised worries about the global recovery. But a late-session run up in select techs gave the Nasdaq a boost.Source: Business and financial news - CNNMoney.com | 12 Feb 2010 | 4:29 pm Bollywood actor in clash with nationalistsMost of Mumbai’s cinemas have refused to show a blockbuster released by the superstar Shah Rukh Khan for fear of violent retribution from Hindu militantsSource: Financial Times - US homepage | 12 Feb 2010 | 4:28 pm Latin American Markets: Brazil stocks hurt by global growth worriesBrazilian stocks fall Friday as global growth concerns fester, with China once again moving to rein in bank lending while a new report showed that economic activity in the euro-zone was lackluster in the fourth quarter.
Source: MarketWatch.com - Top Stories | 12 Feb 2010 | 4:26 pm Record $3.5 billion spent on lobbying in 2009Lobbying appears to be recession-proof, according to a report out by the Center for Responsive Politics today.Source: Business and financial news - CNNMoney.com | 12 Feb 2010 | 4:23 pm Dow, S&P 500 dip on China lending curb; Nasdaq upNEW YORK (Reuters) - The Dow and S&P 500 dipped on Friday as China's move to curb bank lending and U.S. and European economic data raised fears the global recovery might be in jeopardy.
Source: Reuters: Business News | 12 Feb 2010 | 4:18 pm Stocks end mixed after China slows lending again (AP)
Source: Yahoo! News: Stock Markets News | 12 Feb 2010 | 4:15 pm How the major stock indexes fared on Friday (AP)AP - Industrial stocks stumbled Friday after China said it would take more steps to keep its economy from growing too fast.Source: Yahoo! News: Stock Markets News | 12 Feb 2010 | 4:13 pm Toyota to recall 8,000 Tacomas in U.S.: documentORLANDO, Florida (Reuters) - Toyota Motor Corp will recall about 8,000 model-year 2010 Tacoma pickup trucks in the United States, the latest in a series of recalls that have hurt the automaker's sales and its reputation for quality.
Source: Reuters: Business News | 12 Feb 2010 | 4:07 pm Taxing Times: Break on unemployment taxes doesn't go farThe good news is there's some temporary relief from federal income taxes on unemployment benefits: You don't owe any on the first $2,400 of benefits in 2009, thanks to a temporary provision in the stimulus bill, otherwise known as the American Recovery and Reinvestment Act of 2009. But that's about where the good news for jobless folks ends.
Source: MarketWatch.com - Top Stories | 12 Feb 2010 | 4:04 pm Buffett's Berkshire joins the S&P 500Warren Buffett's legendary Berkshire Hathaway joined the S&P 500 index after markets closed Friday.Source: Business and financial news - CNNMoney.com | 12 Feb 2010 | 3:45 pm Summary Box: Stocks end mixed as industrials slide (AP)AP - WHAT THE DOW DID: The Dow Jones industrial average jumped closed down 45 points after falling as much 160 following China's latest move to curtail bank lending. Chinese leaders are hoping to prevent economic growth from getting out of control.Source: Yahoo! News: Stock Markets News | 12 Feb 2010 | 3:42 pm Greece aid only delays Eurozone breakup: EdwardsA bailout of Greece will only delay the inevitable breakup of the Eurozone, Societe Generale strategist Albert Edwards said Friday.
Source: MarketWatch.com - Top Stories | 12 Feb 2010 | 3:42 pm Chemical Stocks, Liquidity, Gold, Toyota Recall: Taking StockSource: Bloomberg - All Podcasts | 12 Feb 2010 | 3:39 pm Deutsche Bank's Choi Sees Palladium Demand Rising: AudioSource: Bloomberg - All Podcasts | 12 Feb 2010 | 3:36 pm Chipotle Raised to `Hold' at Jesup and Lamont: AudioSource: Bloomberg - All Podcasts | 12 Feb 2010 | 3:34 pm Mexico should boost trade with EU: Calderon (AFP)
Source: Yahoo! News: Business News | 12 Feb 2010 | 3:34 pm Spinvox founder forced to repay £125,000 'expenses'Christina Domecq, chief executive of Spinvox, has repaid £125,000 to the controversial technology company after being accused of using its money to fund her lifestyle.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Feb 2010 | 3:26 pm Obama raises US borrowing limitPresident Barack Obama signs a law increasing the limit on how much the US government can borrow.Source: BBC News | Business | World Edition | 12 Feb 2010 | 3:21 pm FSA's expanding universe is a bewildering black hole for cashGrowth industries are thin on the ground nowadays. So hats off to Hector Sants and his chums at the Financial Services Authority for making regulation such a go-go business.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Feb 2010 | 3:19 pm Third bite at Lupus by Hutchings would be howling madIt was always a risk calling a company Lupus Capital. Naming it after the Latin for wolf is one thing. But, given the latest hoo-ha, it's hard not to think of the chronic inflammatory disease. You know. The one where the body's immune system attacks its own tissues and organs.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Feb 2010 | 3:18 pm States turn to commercial properties for cash (AP)AP - Political cynics often joke about statehouses being for sale to the highest bidder. These days, that's not far from the truth.Source: Yahoo! News: Business News | 12 Feb 2010 | 3:18 pm Write-Offs: 02.12.10$$$ Algo-Theft Case Against Ex-UBS Employees Dropped [TM] $$$ Dope farm discovered in old branch of Natwest [DM] $$$ Chipotle Execs Now Buying Every Nice Village Apartment [Curbed] $$$ Lehman donates its leftover Vineyard Vines ties to the Salvation army [PDF] 
 Source: Dealbreaker | 12 Feb 2010 | 3:15 pm Lehman liquidators challenge bank claimsLehman Brothers’ US liquidators are to press banks seeking more than $50bn from the failed Wall Street lender to cut their claims sharply or face being “named and shamed” in court. The move comes amid an escalating dispute over the value of derivatives trades.Source: Financial Times - US homepage | 12 Feb 2010 | 3:14 pm Police raid Rowlands' bank over ex-owner KaupthingPolice have raided a Luxembourg bank bought last year by the millionaire Rowland family, seizing documents related to its previous owners, the scandal-hit Icelandic bank Kaupthing.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Feb 2010 | 3:13 pm Retail sales rise brightens recovery pictureWASHINGTON (Reuters) - Sales at retailers were unexpectedly strong last month, suggesting consumers were feeling a little more comfortable to spend and improving prospects for first-quarter economic growth.
Source: Reuters: Business News | 12 Feb 2010 | 3:12 pm Goldman Sachs star Marc Spilker to leave after 20 yearsMarc Spilker, the joint head of Goldman Sachs' sprawling $822bn (£523bn) investment management arm, is to leave the bank after 20 years.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Feb 2010 | 3:11 pm Dow, S&P 500 dip on China lending curb; Nasdaq up (Reuters)
Source: Yahoo! News: Stock Markets News | 12 Feb 2010 | 3:10 pm Private equity's purgatory may feel like hellThe IPO window has slammed shut leaving buy-out firms playing a waiting game.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Feb 2010 | 3:07 pm Wall Street dusts off 'Help Wanted' signAfter shedding more than 30,000 workers over the past two-and-a-half years, is the job market on Wall Street finally be turning a corner? It might be the case.Source: Business and financial news - CNNMoney.com | 12 Feb 2010 | 3:07 pm NewsWatch: U.S. stocks end lower as EU, China dominateU.S. stocks end with moderate losses Friday, hurt by worries about the global economic recovery as China raise borrowing costs and data showed sluggish European growth.
Source: MarketWatch.com - Top Stories | 12 Feb 2010 | 3:05 pm Legal turbulence ahead for Sir Stelios and Irish MikeIt's official. The legal spat between Ryanair boss Michael O'Leary and easyJet founder Sir Stelios Haji-Ioannou has been given clearance for take-off.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Feb 2010 | 3:04 pm Weekend Investor: High-yield bonds show investors the moneyWith financial markets operating more normally, yield-hungry investors see potential for decent returns from high-yield bonds this year, even after the sector’s stunning gains in 2009.
Source: MarketWatch.com - Top Stories | 12 Feb 2010 | 3:03 pm Greg Hutchings shunned again by Lupus in 'Greek tragedy'Greg Hutchings, the former chairman of Lupus Capital, has failed in his second attempt to regain control of the business, accusing four high-profile City fund managers of excessively influencing the decisions of the board.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Feb 2010 | 2:59 pm Buffett unbound: Berkshire buys BNSF, joins S&P 500NEW YORK (Reuters) - Warren Buffett's train has left the station, and millions of investors are joining him for the ride.
Source: Reuters: Business News | 12 Feb 2010 | 2:56 pm Barclays bows to UK regulator's new rules on payBarclays sets aside £4.5bn for pay but is forced to scrap guaranteed bonus agreements for star bankers.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Feb 2010 | 2:54 pm Continental fleet service workers join TeamstersNEW YORK (Reuters) - Nearly 8,000 fleet service workers at Continental Airlines have voted to unionize by joining the Teamsters, the labor group and the airline said on Friday.
Source: Reuters: Business News | 12 Feb 2010 | 2:54 pm V-Day's flower power - 5 unknown factsYou can complain that Valentine's Day is just a commercial holiday, but you won't hear any griping from retailers. A typical panicked shopper searching for the perfect gift on February 13 is expected to spend on average $103, according to the National Retail Federation (NRF). And that's in a shaky economy.Source: Business and financial news - CNNMoney.com | 12 Feb 2010 | 2:53 pm US retail sales beat expectationsUS retail sales rose more than expected in January, figures show, but consumer confidence remains fragile.Source: BBC News | Business | World Edition | 12 Feb 2010 | 2:48 pm Bernard Madoff's family under investigation by US prosecutorsFederal prosecutors investigating Bernard Madoff's $65bn (£40bn) ponzi scheme fraud are closing in on a number of the former financier's family members.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Feb 2010 | 2:44 pm Raj Rajaratnam Needs A Place To Crash In The City
Source: Dealbreaker | 12 Feb 2010 | 2:21 pm Andrew Ross Sorkin, Roubini, Malpass Chitchat About Greece
Source: Dealbreaker | 12 Feb 2010 | 2:10 pm 'Cash for Appliances' coming to a state near youA government program that gives consumers rebates on purchases of energy-efficient household appliances is ramping up in states across the country.Source: Business and financial news - CNNMoney.com | 12 Feb 2010 | 2:05 pm Podcast: Dreaming Of Plastic Crates In Haiti
Before the earthquake, mangos for sale in Port-au-Prince. (Thony Belizaire/AFP/Getty Images) On today's Planet Money: We meet "Mango Man," Jean Maurice Buteau, who heads JMB exports in Port-au-Prince. Jean Maurice buys mangoes from rural Haitian farmers and sells them to the US. Unfortunately, between the mango farm and his office near the port, almost half the mangoes get damaged. If Jean Maurice could just get his farmers to put their mangoes in plastic crates, he could double his revenue and the farmers' income. We take a look at why a simple idea like plastic crates, is in Haiti, not simple at all. Download the podcast; or subscribe. Music: Boulo Valcourt's "Grog Mwen ." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 12 Feb 2010 | 2:00 pm Microsoft to announce new phone software: sourcesSEATTLE (Reuters) - Microsoft Corp is set to announce new mobile phone software on Monday, according to sources close to the company, as it looks to wrestle back market share from Apple Inc's iPhone and Research in Motion Ltd's BlackBerry.
Source: Reuters: Business News | 12 Feb 2010 | 1:53 pm Greece turns on EU criticsGreece has unleashed a fierce attack on its European Union partners, accusing them of creating a “psychology of looming collapse” a day after they pledged support for the country’s crisis-hit government.Source: Financial Times - US homepage | 12 Feb 2010 | 1:50 pm Goldman shuffles investment management leadersNEW YORK (Reuters) - Goldman Sachs Group Inc announced on Friday a management shuffle atop its investment management division, according to internal memos.
Source: Reuters: Business News | 12 Feb 2010 | 1:39 pm At $3,250, Olympic hockey tix trump the Super BowlFancy a last-minute ticket to the opening ceremonies? Get ready to fork over about a thousand bucks. How about a glimpse at Shaun White at Wednesday's halfpipe finals? It'll set you back another $1,400. And as for rink-side seats at the men's ice hockey final game... those will cost you more than this year's Super Bowl tix -- a whopping $3,250 or more.Source: Business and financial news - CNNMoney.com | 12 Feb 2010 | 1:28 pm Sam Zell Pisses Off Denim-Haters
Source: Dealbreaker | 12 Feb 2010 | 1:27 pm Markets spooked by Greece situationWorries about the worsening financial situation in Greece have spooked European markets, at the end of what had been a mostly positive week.Stocks have closed down in London, Paris and Frankfurt and New York';s Dow Jones index...Source: nzherald.co.nz - Business | 12 Feb 2010 | 1:25 pm Population growth can revive economyThe number of people living the U.S. is expected to grow significantly in the next 40 years, which may strain our social system and overall economy. But commentator Joel Kotkin says not to worry.Source: Marketplace | 12 Feb 2010 | 1:23 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 | 12 Feb 2010 | 1:17 pm Airline performance improved in 2009Airlines in the United States did a better job of getting passengers and their luggage to their destinations on time last year, according to the federal government's latest report on airline performance.Source: Business and financial news - CNNMoney.com | 12 Feb 2010 | 1:17 pm Macworld's Best-of-ShowMacworld Expo proves it can attract a crowd -- and some cool technology -- without Apple.Source: Business and financial news - CNNMoney.com | 12 Feb 2010 | 12:58 pm Where's housing headed? Follow rentsIt may not be the most widespread measure of housing prices, but if you want to follow a powerful driver, look at rents.Source: Business and financial news - CNNMoney.com | 12 Feb 2010 | 12:53 pm Marc Spilker To Leave Goldman Sachs, Start Hedge Fund With Seed Money From Jim Chanos
Source: Dealbreaker | 12 Feb 2010 | 12:40 pm Remember To Recycle (The Old Banks)What is one supposed to do with all the failed banks? Buy them and create a new, prettier one! Former BofA and Wachovia execs are doing just this and are seeking $1 billion to fund their mega-bank, the Blue Ridge Bank N.A., to be based in Charlotte. And they're hiring!
Source: Dealbreaker | 12 Feb 2010 | 12:25 pm China slowdown fears hit marketsChinese moves to restrain credit growth in its fast-growing economy rattled global markets on Friday at the end of a fractious week for investors with the eurozone facing its biggest test in a decadeSource: Financial Times - US homepage | 12 Feb 2010 | 12:10 pm This Week’s LinksWhy Google failed in China (Investment U). Niall Ferguson on why Greece’s crisis is coming to America (via Brian Sullivan). This Atlantic article on financial oligarchy is relatively aged, but in a good way. Kathy Kristof on a nasty situation with Bank of America. Zero Hedge on self-delusion.
Source: Business Pundit | 12 Feb 2010 | 11:55 am Citi, Community Organizer, Love Giver, Neighborhood Rescuer, Therapist
And, because they will go the extra mile, Citi will also provide relocation assistance at the end of the program and "relocation counseling" by "trained professionals."
Source: Dealbreaker | 12 Feb 2010 | 11:55 am John Thomas Financial CEO, Defender Of Equal Rights For Wall Street, Most Likely Has Another Issue He'd Like To Address
Source: Dealbreaker | 12 Feb 2010 | 11:45 am Weekly Wrap: Fed and health careSlate writer Heidi Moore and The Atlantic Magazine's Megan McArdle talk with Bob Moon about the Federal Reserve's latest moves, and whether the president's plan for a bipartisan health care summit is a good idea.Source: Marketplace | 12 Feb 2010 | 11:34 am Greece calls EU rescue plan timidGreek PM George Papandreou criticises the European Union's response to Greece's financial crisis as timid and too slow.Source: BBC News | Business | World Edition | 12 Feb 2010 | 11:29 am Fed grapples with policy brakesUS investors have yet to be convinced that the US Fed can pull off a controlled exit from the fast lane of cheap money, writes Michael MackenzieSource: Financial Times - US homepage | 12 Feb 2010 | 11:28 am Small talk: Roses, McItaly, annoyancesMarketplace's Brendan Newnam and Rico Gagliano chat with fellow staffers Rod Abid, George Judson, and Stacey Vanek-Smith about under-the-radar stories: Cocaine bouquets, the McItaly, and what most annoys people at work.Source: Marketplace | 12 Feb 2010 | 11:27 am Ski resorts rethink bulldozing for trailsA new study has found that ski trails where trees and plants have been wrenched from the ground to create a clear descent are harmful. Some resorts are now building kinder runs. Jennifer Collins reports.Source: Marketplace | 12 Feb 2010 | 11:27 am Gov't defends cell-phone trackingAt a court hearing in Philadelphia, the government argued that it has no need to show probable cause of a crime to track your cell phone location. CNET's Declan McCullagh talks the details with Bob Moon.Source: Marketplace | 12 Feb 2010 | 11:26 am EBay in trouble over misspellingsA court in Paris has found eBay harmed the image of Louis Vuitton and must stop using the luxury brand's name to drive traffic to its Web site. Jeff Tyler reports.Source: Marketplace | 12 Feb 2010 | 11:26 am Lawmakers team up on financial reformA key Democrat and Republican have agreed to set aside the idea of a Consumer Financial Protection Agency and work together on bipartisan financial reform legislation. Will they succeed? Nancy Marshall Genzer reports.Source: Marketplace | 12 Feb 2010 | 11:26 am Will new Senate bill help create jobs?Bipartisan negotiations in the Senate over how to generate new jobs have fallen apart. So Senate Majority Leader Harry Reid now intends to bring up a scaled-back bill offering businesses tax incentives for hiring new employees. John Dimsdale reports.Source: Marketplace | 12 Feb 2010 | 11:26 am The Haitian Economy In Pictures
Sunday dress in the market Chana Joffe-Walt/NPR By Chana Joffe-Walt Adam and I were holding microphones for most of our trip in Haiti and the Dominican Republic, but we did manage to take some photos too. We've posted a bunch of them to our Facebook page. Check them out. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 12 Feb 2010 | 11:13 am How I fell into a romantic recessionAuthor and commentator Lori Gottlieb talks about how not to let greed cause you to pass up the opportunity to snatch Mr. Good Enough.Source: Marketplace Money | 12 Feb 2010 | 11:12 am When an auction is only sort of realWhen reporter Sean Cole began to investigate housing auctions, he stumbled upon a kind of auction he had never heard of before -- a not-an-absolute auction.Source: Marketplace Money | 12 Feb 2010 | 11:12 am What are really old stocks worth?When listener Michael Woods called to ask about an old stock certificate, Tess Vigeland did the only thing she could do: turn to scripophilist David Beach for some expert advice.Source: Marketplace Money | 12 Feb 2010 | 11:12 am Getting PersonalKathy Kristof of CBS MoneyWatch talks about her own switch from full-time to freelance. She and Tess Vigeland also help a new Army enlistee figure out what to do with his underwater mortgage before basic training is over.Source: Marketplace Money | 12 Feb 2010 | 11:12 am Annuities on the radar screen againTess Vigeland talks with The New York Times' Ron Lieber about the retirement tool that recently got a big boost from the Obama administration -- annuities.Source: Marketplace Money | 12 Feb 2010 | 11:12 am Warehouse clubs scream 'bargain!'Reporter Rachel Dornhelm investigates how warehouse stores lure you in and get you to stock up big.Source: Marketplace Money | 12 Feb 2010 | 11:12 am Discount health plans aren't insuranceCindy Ehnes, director of the California Department of Managed Health Care, joins Tess Vigeland to talk about discount health plans that are often billed as insurance but are really no better than coupons.Source: Marketplace Money | 12 Feb 2010 | 11:12 am The haunting debt of mortgagesPeople whose homes are worth less than the mortgage may be tempted to walk away. Or sell the house for less than they owe. But as Marketplace's Jeff Tyler reports, the debt could haunt you for years to come.Source: Marketplace Money | 12 Feb 2010 | 11:12 am The Buffett and Berkshire S&P Set-Up (BRK-B, BRK-A, BNI)Today is the great trade set-up that many have been expecting and hoping would come for more than a decade. Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) is completing the acquisition of Burlington Northern Santa Fe (NYSE: BNI), but more importantly this is the closing bell that Berkshire Hathaway gets added to the S&P 500 Index. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Feb 2010 | 11:09 am Presented By:Source: Dealbreaker | 12 Feb 2010 | 10:55 am Lee Ainslie's Advice For Weathering The Ups And Downs Of The Markets And LifeBefore losing your cool, take a TO to ask yourself the following: "3-2-1, 1-2-3, what the heck is bothering me?". Also, don't overeat (like someone who recently made partner at the firm), 'cause no one likes a fattie.
Source: Dealbreaker | 12 Feb 2010 | 10:55 am Amazon.com Snags S&P Upgrade (AMZN)Amazon.com Inc. (NASDAQ: AMZN) has received yet another debt rating upgrade. Standard & Poor’s Ratings Services raised it by a full two notches and kept a positive outlook that could mean more ratings boosts are coming. The upgrade is based on the belief that the company will keep its growth and momentum going at above-market [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Feb 2010 | 10:33 am Snooker star bailed in bets probeSnooker player Stephen Lee is arrested and bailed following an investigation into suspicious betting patterns.Source: BBC News | Business | World Edition | 12 Feb 2010 | 10:32 am VW, GM, Chrysler Have More Complaints Per Vehicle Than ToyotaToyota (TM) may be in trouble now for its recalls, but over the last ten years, its record of complaints to the National Highway Traffic Safety Administration has been remarkably low. Edmunds has just complete a study of NHTSA complaint data from 2001 to February 3, 2010 based on complaints per market share of vehicles sold in [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Feb 2010 | 10:31 am FTSE ends down on Greek debt saga (AFP)
Source: Yahoo! News: Stock Markets News | 12 Feb 2010 | 10:30 am Eurostar snow delays criticisedEurostar comes in for tough criticism over its handling of the crisis that severely disrupted its services before Christmas.Source: BBC News | Business | World Edition | 12 Feb 2010 | 10:26 am Rooney defends agent over disputeWayne Rooney tells a packed courtroom that his agent had helped make him a "very wealthy young man".Source: BBC News | Business | World Edition | 12 Feb 2010 | 9:51 am Cedenco owes bank $46mTranstasman food ingredients maker Cedenco owes about $46 million to the ANZ National Bank and unsecured creditors are owed a further $3.4 million, receivers say. Workers at Cedenco Foods have a preferential claim for $641,000...Source: nzherald.co.nz - Business | 12 Feb 2010 | 9:50 am 'David's Lawn-mowing Efficiency Hierarchy'Dan Larremore writes: I just listened to the efficiency podcast with Matt LeBlanc, and grinned while Caitlin joked about David's lawn-mowing question at the end. You see, I too have asked that same question, and have struggled with the nagging feeling that says, "shouldn't you be more efficient with your time, and do something instead of trying to answer questions like these?" However, I have been inspired to actually think it through. I think that no matter which pattern you mow in, when you're walking with the mower, you're going the same speed. Therefore, it all comes down to the turns. So, think about a rectangular patch of grass. I propose the following -- David's Lawnmowing Efficiency Hierarchy (DLEH. Rhymes with "blech" and sounds like a Yiddush suffix.) 1. The most efficient way to mow is the spiral: start from the outside and do the border, spiraling in to the middle. 2. Next, you have the long stripes: mow the long edge-the length of the rectangle-and then u-turn, and go back forth, striping the turf till you're done. 3. Next, the short stripes: same as long stripes, but this time you're going back and forth across the short distance. 4. Finally, the diagonal stripes: make strips starting at one corner, and going back and forth across the diagonal of the rectangle.Aesthetically, you're going to want to dial this one to 45 degrees. 4b. The Old Man "Keep Off My Lawn You Darn Kids" Deluxe Double-Diagonal Stripes: Do method 4, then do it again so the diagonals crisscross. Recommended for baseball outfields. Since I heard you drew a diagram for Caitlin, make a rectangle for each of these on a sheet. Put an X where there's a right-angle turn, and a Y where there's a 180, for each of these methods. I have attached my diagram, taken from my Matt-LeBlanc-Whiteboard, and I think you will probably agree with my diagram. You can total the number of X or Y for each method, also shown in the diagrams. Now, the real question is for comparing the spiral and the long stripes. Do you think two 90 degree turns take longer or shorter than one 180 degree turn? I think shorter, because the 180 you have to overshoot, and then turn, and then come back. Plus, if an edge of the yard is against a fence, that 180 can be a real beast up against the fence. Therefore, I reason that Y < 2X, and so the spiral wins...for time. But clearly, the double-diagonal is the most visually attractive, and if you're like my mother, you drag the mower from the middle of the spiral when you're done with that method, ruining the aesthetic of the spiral even more. 
Optimized lawnmowing by Daniel Larremore. (Daniel Larremore) » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 12 Feb 2010 | 9:30 am Rebuilding SaabNew owner explains how he will fix the carmakerSource: BBC News | Business | World Edition | 12 Feb 2010 | 9:20 am CME Group, BM&F Bovespa partner for new platform (AP)AP - Exchange operators CME Group Inc. and Brazil's BM&F Bovespa SA said Friday they are partnering to create an electronic trading platform for BM&F Bovespa's cash equities and derivatives markets.Source: Yahoo! News: Stock Markets News | 12 Feb 2010 | 9:08 am Berkshire shares up as Buffett group enters S&P (AFP)
Source: Yahoo! News: Stock Markets News | 12 Feb 2010 | 9:01 am Market watchers differ as firms open the booksThe pace at which the sharemarket recovered from losses after the global financial crisis has raised questions about how sustainable the gains are. This reporting season will shed some light but uncertainty and caution will remain...Source: nzherald.co.nz - Business | 12 Feb 2010 | 9:00 am Telecom takes the blame as it counts cost of XT failureTelecom has started the clean-up after two major mobile network outages in as many months.Executives Alan Gourdie and Chris Quin, who head the retail and corporate business units, will be in the South Island next week meeting...Source: nzherald.co.nz - Business | 12 Feb 2010 | 9:00 am Rival wool brands battle it out in VegasPrince Charles is an unexpected ally of Kiwi sheep farmers.Two weeks ago in an 18th century Cambridgeshire barn the heir to the British throne announced The Wool Project, a five-year international campaign to make wool fashionable...Source: nzherald.co.nz - Business | 12 Feb 2010 | 9:00 am Make-good trip for Toyota bossToyota's top executive is expected to visit the United States amid pressure from a Republican in the House of Representatives that the company's leader testify before Congress about the carmaker's safety lapses.Toyota confirmed...Source: nzherald.co.nz - Business | 12 Feb 2010 | 9:00 am Brian Gaynor : Investors must be wary of takeover bidShareholders of Cynotech Holdings who are about to accept Allan Hawkins' takeover offer for the company should reconsider their decision.Hawkins has made a derisory offer which is likely to see Cynotech investors end up in the...Source: nzherald.co.nz - Business | 12 Feb 2010 | 9:00 am Toyota's status veers off trackWhen Catherine Block took her Toyota Aygo to her local dealer after a terrifying drive between Folkestone and Canterbury in southern England, she told mechanics: "It was a good job my brakes worked. Otherwise I would be dead." They...Source: nzherald.co.nz - Business | 12 Feb 2010 | 9:00 am Mary Holm : Balancing act to get best returnTwo weeks ago you replied in the Weekend Herald to a correspondent who reads market tip sheets that she/he makes investing sound like hard work, when all one needs to do is invest in passive index funds. In the same edition...Source: nzherald.co.nz - Business | 12 Feb 2010 | 9:00 am Growers look for best strategy to sell country's finest fibreBanks Peninsula wool grower Chris Chamberlain helped save a pod of whales which had stranded in his home bay of Port Levy over the holidays.Locals managed to send about 50 of the 60-plus pod back out to sea.Standing around...Source: nzherald.co.nz - Business | 12 Feb 2010 | 9:00 am This Week’s Weird Jobs
Different jobs require different kinds of suits. Business suits. Pantsuits. A jerky suit. Birthday suits. Sex on a boat, wearing whatever you please. This week’s jobs cover them all: 1. Colorado: LOOKING FOR COMPETENT WORKERS We are looking for competent workers. Competent workers to do what exactly? Oh right–work. 2. Texas: Aviation English Instructor If you think that “here mit de boome shooten!” and “reeght crussveend depertoore-a” are legitimate ATC commands, please do not apply. 3. Indiana: Jerky Distributor Wanted “Jerky distributor” is one of those job titles you’d best leave at the door before singles night. 4. CA: Sex for rent – live on a boat! PS. It’s a dinghy. PPS. It’s moored in the San Pedro shipping port. PPSS. I wear dirty speedos. It’s worth free rent, I swear. 5. OR: Personal assistant to naturist couple Successful, well-established couple, mid-30s (she’s a film editor, he’s a novelist) seek a shared personal assistant to cover a wide range of tasks and responsibilities, some related to work (scheduling meetings, making travel arrangements, categorizing and responding to incoming e-mail, etc.), and some to personal matters (shopping, organizing the apartment, various other day-to-day needs, ). No children; no pets. We’re not certain exactly how many hours per week we require, but it will not be less than 20, and we’re prepared to guarantee 20 as a minimum, at $20-25 per hour. We’re looking for someone enthusiastic, intelligent and self-motivated who is also an excellent communicator. There is one other element (as noted in the headline) that applicants need to be aware of and comfortable with: We are both naturists and accordingly often go nude in our apartment. There is no sexual aspect to this at all nor any element of exhibitionism, merely a matter of personal comfort. Anyone who works in our home simply needs to be prepared to see both of us fully or partially naked at various times. This is not an unpleasant sight (we are both entirely ordinary looking, neither staggeringly attractive nor especially unattractive) and should quickly become routine – but obviously this would not be a good position for anyone who is uncomfortable around nudity. (You do not have to go nude yourself at any time, though of course you’d be welcome to if you wanted. You merely have to be comfortable with our doing so.) If you’re interested in the position, please send your resume and a brief note describing your interest and any relevant previous experience you’ve had. These guys probably telecommute. I’m never going to look at telecommuters the same way. Happy Friday!
Source: Business Pundit | 12 Feb 2010 | 8:44 am One In Eight Americans On Food StampsBy Max Fisher, The Atlantic Wire One in eight Americans receive food stamps, reports The New York Times, as do nearly one in four children. The high enrollment rate is part of the recent unemployment crisis but is also due to longer trends, including a Bush-era outreach effort and a push to reduce the social stigma [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Feb 2010 | 8:38 am Bets of a Higher Price for SkillSoft (SKIL)SkillSoft plc (NASDAQ: SKIL) may seem like an unusual buyout candidate for a private equity group. The company offers on-demand distance-learning over the web or teleconference and performance support solutions for large enterprise groups, government agencies, education, and small to mid-sized businesses. Shares are up this morning after an investor group including Berkshire Partners LLC, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Feb 2010 | 8:11 am World markets hit by China rate hike, weak EU data (AP)
Source: Yahoo! News: Stock Markets News | 12 Feb 2010 | 8:01 am Berkshire Hathaway gains at open as stock to be added to S&P 500 (Reuters)Reuters - Berkshire Hathaway Inc (BRKb.N) shares gained at the open on Friday as investors were optimistic about the stock's coming addition to the S&P 500 index (.SPX) after the close.Source: Yahoo! News: Stock Markets News | 12 Feb 2010 | 7:40 am Morning Report: Eurozone Economy Barely BudgesBy Caitlin Kenney Good morning! Here's what we're reading: -- Europe's Recovery Almost Stalls as Germany Stagnates The German economy stagnated in the fourth quarter after recording 0.7 percent growth in the previous three months, while Italian GDP fell 0.2 percent. France's economic expansion accelerated to 0.6 percent from 0.2 percent. Greece today revised down its data for GDP for the first three quarters of 2009, indicating its recession was deeper than earlier thought. -- U.S. Retail Sales Topped Forecast in January The Commerce Department said Friday that retail sales increased 0.5 percent last month, the best showing since November and higher than the 0.3 percent increase economists had expected. Excluding autos, sales rose 0.6 percent, also better than expected, with strength coming from a surge at general merchandise stores, a category that includes big national chains like Wal-Mart. -- China Orders Banks to Raise Reserve Ratios Reserve requirements for Chinese banks will increase by 50 basis points from February 25, the central bank said on its website, to 16 per cent for large commercial banks. -- Economists Expect Shifting Work Force About a quarter of the 8.4 million jobs eliminated since the recession began won't be coming back and will ultimately need to be replaced by other types of work in growing industries, according to economists in the latest Wall Street Journal forecasting survey. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 12 Feb 2010 | 7:35 am Companies Raising Additional Capital (CPST, DDSS, PUDA, SNMX, SSRI, YRCW)We are still seeing many companies trying to capitalize off of raising capital or where holders are registering shares. Companies like Capstone Turbine Corporation (NASDAQ: CPST), Labopharm, Inc. (NASDAQ: DDSS) Puda Coal Inc. (AMEX: PUDA), Senomyx Inc. (NASDAQ: SNMX), Silver Standard Resources, Inc. (NASDAQ: SSRI), and YRC Worldwide Inc. (NASDAQ: YRCW) have all filed to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Feb 2010 | 7:34 am Halverson on Book `An Entirely Synthetic Fish': Lewis LaphamSource: Bloomberg - All Podcasts | 12 Feb 2010 | 7:10 am Today’s Best Market Rumors (2/12/2010)Updated throughout the day. Donald Trump will bid for the World Trade Center site (NYPost) Supporters of the UK’s “Robin Hood” tax say that Goldman Sachs (NYSE:GS) influenced a poll on the matter by sending in 5,000 “no” votes in 20 minutes using one of its servers. (The Guardian) Members of Bernie Madoff’s family are targets of a [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Feb 2010 | 6:41 am Active Cult Stocks Face Hurdles So Far in 2010 (LVLT, RFMD, ALU, FLEX, S, NLST, CNLG)This earnings season has been a troubled period for most great companies. We finally started to see real earnings beats and finally started getting guidance raised out of many of the big technology stocks. Yet the new market bias and very stretched valuations played havoc with most of the companies, and investors sold off most [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Feb 2010 | 6:10 am Top 10 Analyst Upgrades & Downgrades (DISH, DTV, ECA, EXPE, MMM, NFLX, PIR, SFLY, UA, UAUA)These are some of the top 10 analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning: Dish Networks (NASDAQ: DISH) Started as Overweight at JPMorgan. DirecTV (NYSE: DTV) Started as Neutral at JPMorgan. Encana Corp. (NYSE: ECA) Raised to Buy at Canaccord. Expedia Inc. (NASDAQ: EXPE) Raised to Buy at Kaufman Bros. 3M Co. (NYSE: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Feb 2010 | 6:01 am Why Would You Give Your Child This Gift?
Source: Business Pundit | 12 Feb 2010 | 5:00 am Will China’s Central Bank Tightening Hurt Its GDP?The People’s Bank of China said it will raise the reserve ratios that banks in the country must keep to .5%. It is the second time that it has increased the ratio in a year. The action is viewed by most economists as a way to head off a sharp increase in inflation caused by lax loan [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 Feb 2010 | 4:36 am
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