Greece 'not looking for bailout'

Greek PM George Papandreou insists his country is not looking for a bailout from the EU to help it cut its debt levels effectively.
Source: BBC News | Business | World Edition | 21 Feb 2010 | 3:07 am

China tightens bank lending rules (AP)

AP - Banking regulators in China have ordered institutions to tighten controls on risk and carefully scrutinize borrowers' ability to pay their debts in a new step to rein in lending.
Source: Yahoo! News: Business News | 21 Feb 2010 | 3:05 am

China tightens bank lending rules

Banking regulators in China have ordered institutions to tighten controls on risk and carefully scrutinize borrowers' ability to pay their debts in a new step to rein in lending. The...
Source: RSS feed - channel BNewsBusiness | 21 Feb 2010 | 3:05 am

Live From Washington! It's Obama health care drama (AP)

President Barack Obama speaks to Las Vegas Chamber of Commerce in Las Vegas, Friday, Feb. 19, 2010. (AP Photo/Isaac Brekken)AP - Coming soon to daytime television: America's long-running civic drama over how to provide better health care to more of its people without breaking the bank.



Source: Yahoo! News: Business News | 21 Feb 2010 | 1:21 am

Schools in China say they weren't behind hacking (AP)

Google CEO Eric Schmidt speaks during a conference at the Mobile World congress in Barcelona, Spain, Tuesday, Feb. 16, 2010. The Mobile World Congress will be held from Feb. 15-18. (AP Photo)AP - Two prominent schools in China dispute allegations that hacking attacks on Google and other firms originated from them, a report said Saturday.



Source: Yahoo! News: Business News | 21 Feb 2010 | 1:08 am

Feds outline plan to nurse Great Lakes to health (AP)

Sport fisherman Michael Ohlinger of Gurnee, Ill., passes out wanted posters for the Asian Carp during a meeting in Ypsilanti, Mich., Wednesday, Feb. 17, 2010. Officials met to discuss the federal response to the Asian carp threat to the Great Lakes. The event is the second of its kind in the region. (AP Photo/Carlos Osorio)AP - The Obama administration has developed a five-year blueprint for rescuing the Great Lakes, a sprawling ecosystem plagued by toxic contamination, shrinking wildlife habitat and invasive species.



Source: Yahoo! News: Business News | 21 Feb 2010 | 1:05 am

Paying for cellphone services as you go

Staying connected without a contract can be a money saver for the right kind of user, though some extras may not be available.

Can you save money by dumping your standard cellphone plan for a phone that allows you to pay as you go? If you're the right kind of user -- and are careful about the plan you choose -- you probably can.



Source: L.A. Times - Business | 21 Feb 2010 | 1:00 am

Business Letters

Re: David Lazarus' consumer column "Small firms find it harder to give health benefits," Feb. 15:



Source: L.A. Times - Business | 21 Feb 2010 | 1:00 am

Board should set boundaries for its meddlesome attorney

One way to deal with legal counsel who shows up on the property unannounced and attends board meetings uninvited is to revise the terms of his agreement. Another is to replace him.

Question: Our association's attorney shows up unannounced and regularly schmoozes on our property with, for example, the new manager, an employee of the association. Uninvited, the attorney attends board meetings, saying, "There's no charge" -- a situation approved by the board president. This attorney creates disputes where none exist and then offers to correct them.



Source: L.A. Times - Business | 21 Feb 2010 | 1:00 am

Paying for cellphone services as you go

Staying connected without a contract can be a money saver for the right kind of user, though some extras may not be available. ...
Source: RSS feed - channel BNPaperBusiness | 21 Feb 2010 | 1:00 am

A house that keeps watch over Hermosa Beach

A designer's childhood memories of lifeguard towers on the Jersey shore are evident in a new custom home.

A custom home in the shape of an East Coast lifeguard tower with nautical features is on the market in Hermosa Beach. It's the latest offering from Lazar Design/Build in partnership with developer Kirk Enterprises.



Source: L.A. Times - Business | 21 Feb 2010 | 1:00 am

Gary Burnison: 'Listen, learn and then lead'

Values instilled during his childhood in the Midwest helped mold the future Korn/Ferry CEO. The gig: Chief executive of Korn/Ferry International,...
Source: RSS feed - channel BNPaperBusiness | 21 Feb 2010 | 1:00 am

Business Letters

Re: David Lazarus' consumer column "Small firms find it harder to give health benefits," Feb. 15:
Source: RSS feed - channel BNPaperBusiness | 21 Feb 2010 | 1:00 am

Oil company spending lavishly to get around Carpinteria law

Venoco Inc., which wants to begin round-the-clock drilling in the area, is pouring money into a ballot initiative that would exempt it from the city's industrial development and environmental rules. ...
Source: RSS feed - channel BNPaperBusiness | 21 Feb 2010 | 1:00 am

Saving the Amazon may be the most cost-effective way to cut greenhouse gas emissions

If the U.S. adopts a cap-and-trade program, companies facing carbon controls could meet part of their obligations by preserving Earth's largest tropical forest. ...
Source: RSS feed - channel BNPaperBusiness | 21 Feb 2010 | 1:00 am

Building credit when you're young is getting tougher

Dear Liz: I am 20 and trying to build my credit. I rented an apartment for a year, and I bought a car last year but needed a cosigner to get the loan. It seems like none of this is factoring into my credit score, because I can't get a credit card! I applied for one through my credit union and was denied.



Source: L.A. Times - Business | 21 Feb 2010 | 1:00 am

Gary Burnison: 'Listen, learn and then lead'

Values instilled during his childhood in the Midwest helped mold the future Korn/Ferry CEO.

The gig: Chief executive of Korn/Ferry International, a global executive-search firm based in Century City with 2,400 employees in 40 countries.



Source: L.A. Times - Business | 21 Feb 2010 | 1:00 am

Companies fund projects to preserve Amazon rain forest

In one example, villagers who agree to protect the trees instead of cutting them down for farming or fuel can receive money and training in sustainable livelihoods.

Deep in the Amazon, in a village accessible only by boat, river dwellers for generations have survived off fish, sparse crops and nuts from the forest.



Source: L.A. Times - Business | 21 Feb 2010 | 1:00 am

IRS issues new guidelines on obtaining home buyer tax credits

The agency clarifies documentation that taxpayers will need in an effort to curtail widespread fraud in the program.

Despite blizzards that shut federal offices for days, the Internal Revenue Service issued new guidance Feb. 12 on the two tax credit programs that are powering the country's real estate markets -- the $6,500 credit for repeat buyers and the $8,000 first-time buyer credit.



Source: L.A. Times - Business | 21 Feb 2010 | 1:00 am

Building credit when you're young is getting tougher

Dear Liz: I am 20 and trying to build my credit. I rented an apartment for a year, and I bought a car last year but needed a cosigner to get the loan. It seems like none of this is factoring into my credit...
Source: RSS feed - channel BNPaperBusiness | 21 Feb 2010 | 1:00 am

Oil company spending lavishly to get around Carpinteria law

Venoco Inc., which wants to begin round-the-clock drilling in the area, is pouring money into a ballot initiative that would exempt it from the city's industrial development and environmental rules.

Carpinteria is a lovely little city on the Pacific just south of Santa Barbara, boasting such features as a city-owned coastal preserve and one of the four remaining seal rookeries in Southern California.



Source: L.A. Times - Business | 21 Feb 2010 | 1:00 am

Board should set boundaries for its meddlesome attorney

One way to deal with legal counsel who shows up on the property unannounced and attends board meetings uninvited is to revise the terms of his agreement. Another is to replace him. ...
Source: RSS feed - channel BNPaperBusiness | 21 Feb 2010 | 1:00 am

IRS issues new guidelines on obtaining home buyer tax credits

The agency clarifies documentation that taxpayers will need in an effort to curtail widespread fraud in the program. ...
Source: RSS feed - channel BNPaperBusiness | 21 Feb 2010 | 1:00 am

Saving the Amazon may be the most cost-effective way to cut greenhouse gas emissions

If the U.S. adopts a cap-and-trade program, companies facing carbon controls could meet part of their obligations by preserving Earth's largest tropical forest.

An hour outside Manaus, the Amazon's biggest city, the blackened remains of a virgin forest smolder. Chain saws whine. And Jonas Mendes tosses logs, one after another, into his kiln.



Source: L.A. Times - Business | 21 Feb 2010 | 1:00 am

Companies fund projects to preserve Amazon rain forest

In one example, villagers who agree to protect the trees instead of cutting them down for farming or fuel can receive money and training in sustainable livelihoods. ...
Source: RSS feed - channel BNPaperBusiness | 21 Feb 2010 | 1:00 am

A house that keeps watch over Hermosa Beach

A designer's childhood memories of lifeguard towers on the Jersey shore are evident in a new custom home. A custom...
Source: RSS feed - channel BNPaperBusiness | 21 Feb 2010 | 1:00 am

Reports: Japan to review car recall system (AP)

The open letter that was sent to Toyota owners is displayed in the visitor center at the Toyota Motor Manufacturing, Kentucky plant in  Georgetown, Ky., Thursday, Feb. 18, 2010.  (AP Photo/Ed Reinke)AP - Japan's transport ministry may review and improve its car recall system, reports said Sunday, as Toyota Motor Corp. battles accusations it may have delayed acting on drivers' complaints.



Source: Yahoo! News: Business News | 21 Feb 2010 | 12:53 am

Foster's urges Australia vine clearing to counter wine glut

Australian drinks giant Foster's Sunday warned one quarter of the nation's grape vines needed to be pulled up to reverse a damaging wine glut forcing growers to let their fruit wither on...
Source: RSS feed - channel BNewsBusiness | 21 Feb 2010 | 12:40 am

China hikes rice price to boost output

China has boosted the price it pays for rice by up to 10 percent this year to encourage farmers to plant more and increase production, state media said Sunday. China's economic planning...
Source: RSS feed - channel BNewsBusiness | 21 Feb 2010 | 12:40 am

Reports: Japan to review car recall system

Japan's transport ministry may review and improve its car recall system, reports said Sunday, as Toyota Motor Corp. battles accusations it may have delayed acting on drivers' complaints.
Source: RSS feed - channel BNewsBusiness | 20 Feb 2010 | 10:56 pm

Reviewers urge Glaxo's Avandia come off market

WASHINGTON (Reuters) - Two U.S. drug safety reviewers have recommended that GlaxoSmithKline PLC's diabetes drug Avandia be pulled from the market after concluding it is more dangerous to the heart than a rival medicine, according to documents released on Saturday.



Source: Reuters: Business News | 20 Feb 2010 | 10:36 pm

Feds outline plan to nurse Great Lakes to health

The Obama administration has developed a five-year blueprint for rescuing the Great Lakes after more than a century of environmental damage. The Associated Press obtained a copy of the...
Source: RSS feed - channel BNewsBusiness | 20 Feb 2010 | 10:07 pm

Outside the Box: Affluent consumers spend again, cautiously

American consumers are spending again -- at least those who have jobs and money in the bank, says Howard Gold.



Source: MarketWatch.com - Top Stories | 20 Feb 2010 | 10:01 pm

Coalition forces reassess priorities in Marjah

As thousands of Marines and Afghan soldiers remain engaged in a fight against Taliban holdouts concentrated in southern Marjah, top commanders face the daunting task of establishing basic local governance and security
Source: Financial Times - US homepage | 20 Feb 2010 | 9:15 pm

Fed chief to throw light on policy after rate hike

US Federal Reserve chief Ben Bernanke is expected to shed light this week on the central bank's sudden decision to hike an emergency bank-lending rate, triggering speculation on monetary...
Source: RSS feed - channel BNewsBusiness | 20 Feb 2010 | 8:40 pm

UK regulator files $3.3 billion Nortel claim

TORONTO (Reuters) - A British pension fund regulator has filed a claim for 2.1 billion pounds ($3.3 billion) against failed telecom equipment giant Nortel Networks Corp, Canada's Globe and...
Source: RSS feed - channel BNewsBusiness | 20 Feb 2010 | 6:51 pm

UK regulator files $3.3 billion Nortel claim

TORONTO (Reuters) - A British pension fund regulator has filed a claim for 2.1 billion pounds ($3.3 billion) against failed telecom equipment giant Nortel Networks Corp, Canada's Globe and Mail newspaper reported on Saturday.



Source: Reuters: Business News | 20 Feb 2010 | 6:51 pm

Up to 25 billion euros in aid mulled for Greece: report

BERLIN (Reuters) - Germany's finance ministry has sketched out a plan in which countries using the euro currency will provide aid worth between 20 billion and 25 billion euros ($27-$33.7...
Source: RSS feed - channel BNewsBusiness | 20 Feb 2010 | 6:32 pm

Up to 25 billion euros in aid mulled for Greece: report

BERLIN (Reuters) - Germany's finance ministry has sketched out a plan in which countries using the euro currency will provide aid worth between 20 billion and 25 billion euros ($27-$33.7 billion) for Greece, a magazine reported on Saturday.



Source: Reuters: Business News | 20 Feb 2010 | 6:32 pm

Bernanke, retailers hold key for stocks

NEW YORK (Reuters) - Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.



Source: Reuters: Business News | 20 Feb 2010 | 5:07 pm

Bernanke, retailers hold key for stocks (Reuters)

Traders work on the floor of the New York Stock Exchange, February 18, 2010. REUTERS/Brendan McDermidReuters - Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.



Source: Yahoo! News: Stock Markets News | 20 Feb 2010 | 5:07 pm

Call for 15,000 civil servants to relocate

ANOTHER 15,000 civil servants should be moved out of southeast England in the next five years, according to a government report written by Ian Smith, former chief executive of Reed Elsevier, the publisher.


Source: Latest Business News from Times Online | 20 Feb 2010 | 5:01 pm

Billionaire Len Blavatnik eyes £400m float

THE media-to-metals billionaire Len Blavatnik is preparing Acision, his mobile phone technology company, for a £400m stock market flotation in London.


Source: Latest Business News from Times Online | 20 Feb 2010 | 5:01 pm

Red driving school is saved

THE company behind the Red driving school has been rescued from administration by the investment firm that previously backed the Smythson luxury stationery brand.
Source: Latest Business News from Times Online | 20 Feb 2010 | 5:01 pm

T-Mobile and Orange mobile phone merger cleared

A PROPOSED merger between the British arm of T-Mobile and Orange is set to gain approval from European regulators, paving the way for the creation of Britain’s largest mobile-phone operator.


Source: Latest Business News from Times Online | 20 Feb 2010 | 5:01 pm

STV sues ITV for lost viewers

STV will this week raise the stakes in its dispute with ITV by launching another multi-million-pound lawsuit against the maker of Dancing on Ice and Emmerdale.


Source: Latest Business News from Times Online | 20 Feb 2010 | 5:01 pm

The signs are Barack Obama’s got it down to a Tea

BARACK OBAMA’S stimulus package turned one last week. Sadly for the president, however, nobody seems to be throwing anything but Tea Parties, where disgruntled Americans get together to rail against Obama.


Source: Latest Business News from Times Online | 20 Feb 2010 | 5:01 pm

Drax may take green project out of UK

A LANDMARK £2 billion green energy plant will be scrapped and moved abroad unless the government reverses its decision to limit subsidies, Dorothy Thompson, chief executive of Drax, has warned.
Source: Latest Business News from Times Online | 20 Feb 2010 | 5:01 pm

Wish you were here

The state-of-the-art crane glided into position. A pair of gulls wheeling in the air eyed the bulldozers that were noisily clearing the loading bay below. All around them was a hive of activity as the construction of a port capable of accommodating the world’s largest container ships continued apace — as it has for the past two years.


Source: Latest Business News from Times Online | 20 Feb 2010 | 5:01 pm

Stephen Hester lines up £1.6m RBS bonus

STEPHEN HESTER, chief executive of Royal Bank of Scotland, is in line to collect a bonus of up to £1.6m despite the bank posting losses of several billion pounds.


Source: Latest Business News from Times Online | 20 Feb 2010 | 5:01 pm

Nortel Networks to face £2bn lawsuit

BRITAIN’s pension regulator has filed a £2.1 billion claim in a Canadian court against Nortel Networks, the failed telecoms equipment maker.


Source: Latest Business News from Times Online | 20 Feb 2010 | 5:01 pm

Can Telecom survive?

The XT network, launched at a lavish bash at Auckland's Town Hall last May, would bring Telecom into the future, the company said. It replaced older mobile technology that even former CEOs Roderick Deane and Theresa Gattung now...
Source: nzherald.co.nz - Business | 20 Feb 2010 | 5:00 pm

Breitbart Takes Blumenthal to Task at CPAC


Source: RSS feed - channel BNewsBusiness | 20 Feb 2010 | 4:40 pm

Oracle CEO optimistic on quick Sun profit potential

SAN FRANCISCO (Reuters) - Oracle Corp Chief Executive Larry Ellison said on Saturday he expected Sun Microsystems, the unprofitable hardware maker that he bought last month for $7.5...
Source: RSS feed - channel BNewsBusiness | 20 Feb 2010 | 4:29 pm

Oracle CEO optimistic on quick Sun profit potential

SAN FRANCISCO (Reuters) - Oracle Corp Chief Executive Larry Ellison said on Saturday he expected Sun Microsystems, the unprofitable hardware maker that he bought last month for $7.5 billion, to be making a profit soon.



Source: Reuters: Business News | 20 Feb 2010 | 4:29 pm

Mandelson backs state-run investment bank

The Business Secretary wants to use public funds and private capital to back small business and large-scale UK infrastructure projects.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Feb 2010 | 3:47 pm

Can Lloyds and RBS come off the critical list?

The two banks are about to post losses this week, despite receiving £75bn of public cash, while a looming row over bonuses is likely to obscure the significant efforts of both to reduce their dependency on emergency aid. Philip Aldrick reports
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Feb 2010 | 3:42 pm

German parent eyes TUI bid

Europe's biggest tour operator has held secret talks with banks about an audacious multi-billion pound plan to bid for the 48pc of holiday company TUI Travel that it does not already own.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Feb 2010 | 3:34 pm

Europe gives green light to UK phone giant

The UK's largest mobile operator will be created as early as this week when the Orange/T-Mobile merger is given the go ahead by the EU
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Feb 2010 | 3:26 pm

EU considers 25 bln euros for debt-hit Greece: report (AFP)

People walk past the headquarters of the National Bank of Greece in Athens in 2009. The European Union could provide debt-ridden Greece with up to 25 billion euros (34 billion dollars) in aid, Monday's edition of the German magazine Der Spiegel says, citing suggestions from Germany's finance ministry.(AFP/File/Milos Bicanski)AFP - The European Union could provide debt-ridden Greece with up to 25 billion euros (34 billion dollars) in aid, Monday's edition of the German magazine Der Spiegel says, citing suggestions from Germany's finance ministry.



Source: Yahoo! News: Business News | 20 Feb 2010 | 3:17 pm

NewsWatch: U.S. stocks to put newfound optimism to the test

Raft of economic data awaits investors as earnnigs season winds down, February comes to a close.



Source: MarketWatch.com - Top Stories | 20 Feb 2010 | 3:05 pm

Barnier visits City in bid to calm anger over EU regulation plans

Michel Barnier, the European Union's internal market commissioner, is to launch a charm offensive in London next week after criticisms that new regulations from Brussels are endangering the UK's finance sector.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Feb 2010 | 2:45 pm

VT prepares £233m payout for investors

VT Group will offer a £233m sweetener in the form of a special dividend to shareholders following rejection of rival Babcock's raised 680p-715p bid for the defence contractor on Thursday.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Feb 2010 | 2:43 pm

St James's Place puts pressure on Lloyds to sell stake

Buoyant St James's Place is expected to reveal this week that full-year profits have almost doubled, raising pressure on Lloyds Banking Group to sell its stake in the wealth fund manager.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Feb 2010 | 2:42 pm

BAA profits boost

Airports operator BAA is expected to reveal a strong increase in full-year profits and revenues tomorrow on the back of passengers spending longer periods in departure lounges and higher passenger tariff adds.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Feb 2010 | 2:42 pm

Technology firm cures vial label headache

Sometimes the smartest ideas address the most mundane problems. Think about the impact of the ring pull on cans of drink or the light-weight cardboard milk carton.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Feb 2010 | 2:40 pm

UK growth figures may be revised upwards

Glimmer of hope for economy as higher industrial production may push GDP to 0.2pc for final quarter
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Feb 2010 | 2:38 pm

Stocks to Watch: Stocks in focus for Monday

Among the companies whose shares are expected to see significant trading action Monday are Campbell Soup, Nordstrom and Lowe's.



Source: MarketWatch.com - Top Stories | 20 Feb 2010 | 1:54 pm

Obama urges bipartisan support

President warns members of Congress things will get worse if they don't act.



Source: MarketWatch.com - Top Stories | 20 Feb 2010 | 1:44 pm

General Growth sued by shareholder: report

CHICAGO (Reuters) - A General Growth Properties Inc shareholder has filed suit against the company's directors, saying they should not have rejected Simon Property Group Inc's buyout offer of $10 billion, Bloomberg News reported on Saturday.



Source: Reuters: Business News | 20 Feb 2010 | 1:43 pm

Hard to know where dollar headed: Pianalto

CLEVELAND (Reuters) - So many variables affect the value of the dollar that it is hard to know where the greenback is headed, Cleveland Federal Reserve Bank President Sandra Pianalto said on Saturday.



Source: Reuters: Business News | 20 Feb 2010 | 1:40 pm

Chinese schools deny Google attack

Chinese government news agency says the schools deny launching a cyber-attack.



Source: MarketWatch.com - Top Stories | 20 Feb 2010 | 1:23 pm

Weekend Investor: Don't give up on tech stocks just yet

Judging from the round of fourth-quarter 2009 earnings reports, this is a good time for leading technology companies. It just isn’t a good time to be a tech-stock investor.



Source: MarketWatch.com - Top Stories | 20 Feb 2010 | 1:00 pm

Icelandic PM optimistic on new Icesave deal: report

REYKJAVIK (Reuters) - Iceland's Prime Minister said on Saturday that a new Icesave debt repayment deal from Britain and the Netherlands would considerably ease the island nation's financial burden, state radio reported.



Source: Reuters: Business News | 20 Feb 2010 | 12:00 pm

Bloom Energy's 'magic box'

The Bloom Energy CEO is finally unveiling his entry in the fuel-cell arena after years of playing it close to the vest.
Source: Business and financial news - CNNMoney.com | 20 Feb 2010 | 11:41 am

Are you a tax cheat?

Do you cheat on your taxes? If so, you're not alone. More Americans are fudging their taxes and an increasing number of people are scared of being audited, a survey from the IRS Oversight Board shows.
Source: Business and financial news - CNNMoney.com | 20 Feb 2010 | 11:37 am

Whitacre to get $9 million in compensation

GM chief's package includes $5.3 million in stock, $2 million in restricted shares.



Source: MarketWatch.com - Top Stories | 20 Feb 2010 | 11:02 am

Dutch government collapses over Afghan troop mission

Dutch Prime Minister Jan Peter Balkenende’s coalition government collapsed when the two largest parties failed to agree on whether to withdraw troops from Afghanistan this year as planned
Source: Financial Times - US homepage | 20 Feb 2010 | 10:32 am

Ousted Russian investor wants to help finance Saab (AFP)

A logo of the Swedish car manufacturer Saab is displayed during the Geneva Car Show on in 2009. Russian billionaire Vladimir Antonov, forced out of Dutch carmaker Spyker before it bought Saab from General Motors, said in comments published Saturday that he wants to help finance the new company.(AFP/File/Fabrice Coffrini)AFP - Russian billionaire Vladimir Antonov, forced out of Dutch carmaker Spyker before it bought Saab from General Motors, said in comments published Saturday that he wants to help finance the new company.



Source: Yahoo! News: Business News | 20 Feb 2010 | 10:19 am

NewsWatch: U.S. stocks to put newfound optimism to the test

Raft of economic data awaits investors as earnnigs season winds down, February comes to a close.



Source: MarketWatch.com - Top Stories | 20 Feb 2010 | 10:05 am

After solid gains, Wall Street faces cautious outlook (AFP)

A trader on the floor of the New York Stock Exchange in New York in 2009. US stocks posted solid gains the past week on the back of positive economic data and mostly improved company earnings with attention focused on any easing of monetary policy by the Federal Reserve.(AFP/File/Don Emmert)AFP - US stocks posted solid gains the past week on the back of positive economic data and mostly improved company earnings with attention focused on any easing of monetary policy by the Federal Reserve.



Source: Yahoo! News: Stock Markets News | 20 Feb 2010 | 10:03 am

China retail sales soar during holiday period (AFP)

performers=AFP - Retail sales in China during the Lunar New Year holiday rocketed by more than a sixth on last year, state media reported Saturday, in a possible sign of growing confidence among the billions of Chinese consumers.



Source: Yahoo! News: Business News | 20 Feb 2010 | 9:40 am

Iran unveils new locally made Peugeot car (AFP)

Iran's state-owned car manufacturer Iran Khodro unveils the Peugeot 207i, a locally-built version of the French automobile firm's 207 model for the home market, in Tehran on February 20.(AFP/Atta Kenare)AFP - Iran's state-owned car manufacturer Iran Khodro unveiled for the home market on Saturday the Peugeot 207i, a locally built version of the French automobile firm's 207 model.



Source: Yahoo! News: Business News | 20 Feb 2010 | 9:32 am

Iceland confirms receipt of revised Icesave offer (AP)

AP - Iceland's finance ministry has received a revised proposal from Britain and the Netherlands on the repayment of $5.7 billion to the two countries following the collapse of the Icesave online bank, a spokesman said Saturday.
Source: Yahoo! News: Business News | 20 Feb 2010 | 9:29 am

Alexander Haig dead at 85

Retired general was secretary of state in Reagan administration.



Source: MarketWatch.com - Top Stories | 20 Feb 2010 | 9:15 am

Kiwis dig deep to be ethical

When Prime Minister John Key got caught this week with a fist full of shares in a firm that mines uranium he couldn't flick them on quick enough.It appears he bought the Jackson Mineral shares when the Aussie firm was mining gold....
Source: nzherald.co.nz - Business | 20 Feb 2010 | 9:00 am

Martin Hawes: Shares are big business

Thinking of buying some sort of commodity called shares is misguided and puts you in danger of forgetting what you are really doing - which is buying into a business.It is a strange thing about Kiwis. We are averse to buying shares...
Source: nzherald.co.nz - Business | 20 Feb 2010 | 9:00 am

Hold on to your stars

With New Zealand's unemployment rate at 7.3 per cent - its highest level for a decade - many employers mistakenly think it's easy to find good staff.Should any of their star performers leave, they will be relatively easy to replace....
Source: nzherald.co.nz - Business | 20 Feb 2010 | 9:00 am

Netting designer garb

Designer labels including Kate Sylvester, Karen Walker and Huffer are being hocked off on Trade Me at heavily reduced prices.Fashion gurus can now forage through Trade Me for a designer bargain which has shed its meaty price tag...
Source: nzherald.co.nz - Business | 20 Feb 2010 | 9:00 am

Property Problems: Asking liquidators for arrears is reasonable

Q. The tenant of a large commercial property which I own has recently got into financial difficulty and is currently several months in arrears. Liquidators have been appointed to the tenant's business and have paid the current month's...
Source: nzherald.co.nz - Business | 20 Feb 2010 | 9:00 am

Queen St landmarks get a makeover

Canterbury Arcade and four adjoining buildings on Queen St and High St in the Auckland CBD are being renovated by The Ranchhod Group and Sipka Holdings, who are seeking tenants for retail and office space.The buildings are a nine-storey...
Source: nzherald.co.nz - Business | 20 Feb 2010 | 9:00 am

Bernard Hickey: Locked out of land

Auckland's land price explosion in the past decade is a scandal and a disaster for New Zealand's economy and for a group of people who have effectively been locked out of the dream of home ownership in New Zealand's biggest city....
Source: nzherald.co.nz - Business | 20 Feb 2010 | 9:00 am

Strategic childcare site offers great scope

A freehold East Tamaki property that is only partly developed but which is capable of producing good cash flow has been put on the market by Westpac bank as a mortgagee sale.The 4093sq m site at 37 Bishop Dunn Place went into...
Source: nzherald.co.nz - Business | 20 Feb 2010 | 9:00 am

Pheasant estate a happy hunting ground for investors

Titoki Country Estate, a 560ha property near Rotorua on which a world-class tourism pheasant shooting operation has been established, is for sale for only the second time in 85 years.Harcourts Rotorua sales consultant Paul Sanford,...
Source: nzherald.co.nz - Business | 20 Feb 2010 | 9:00 am

Market Snapshot: U.S. stocks to put newfound optimism to the test

Raft of economic data awaits investors as earnnigs season winds down, February comes to a close.



Source: MarketWatch.com - Top Stories | 20 Feb 2010 | 7:25 am

Bloomberg said to move funds from Quadrangle


Source: Business and financial news - CNNMoney.com | 20 Feb 2010 | 6:42 am

The Fed's great rate debate

The Federal Reserve made it clear Thursday that the hike in its emergency lending rate won't mean a thing for the interest rates paid by consumers and businesses any time soon.
Source: Business and financial news - CNNMoney.com | 20 Feb 2010 | 6:00 am

New GM CEO Gets $9.1 Million In Comp, Old Chief $59,000 A Month

Whatever happened to the $1 a year men? When the federal government gave Chrysler $1.5 billion to stay in operation, CEO Lee Iacocca worked for $1 until the taxpayers were received their money back. GM disclosed that it will pay new CEO Ed Whitace, the former head of AT&T (T), a total of $9.1 million in [...]

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Source: 24/7 Wall St. | 20 Feb 2010 | 5:49 am