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Oil price reaches six-week highThe price of oil rises to a six-week high as reports of a rescue for debt-laden Greece lift the euro and push the dollar lower.Source: BBC News | Business | World Edition | 22 Feb 2010 | 3:19 am Dai-ichi Life plans $11.7bn IPODai-ichi Mutual Life Insurance, Japan’s second-largest life insurer, said it would sell about $11.7bn of shares in Japan’s largest initial public offering in more than a decadeSource: Financial Times - US homepage | 22 Feb 2010 | 3:17 am Dai-ichi Life plans $11.7bn IPODai-ichi Life on Monday said it aimed to raise around Y1,070bn ($11.7bn) when it lists in Tokyo on April 1, in what would potentially be the largest initial public offering since Visa's $19.7bn listing...Source: RSS feed - channel BNPaperBusiness | 22 Feb 2010 | 3:17 am Pilots ground Lufthansa in its longest ever strikeFRANKFURT (Reuters) - Fearing potential staff cuts, Lufthansa's high-paid German pilots took to the picket lines on Monday, plunging the airline into its longest ever strike and forcing the carrier to cancel hundreds of flights.
Source: Reuters: Business News | 22 Feb 2010 | 3:13 am Eurostar breakdown sparks rescueMore than 700 passengers are rescued after a Eurostar train from Paris to London breaks down in Kent due to a "technical fault".Source: BBC News | Business | World Edition | 22 Feb 2010 | 3:13 am BA strike ballot results imminentBritish Airways is expected to face fresh threats of strikes by some cabin crew, when the results of a ballot are revealed.Source: BBC News | Business | World Edition | 22 Feb 2010 | 3:10 am Primark momentum boosts AB FoodsStrong growth at its Primark fashion stores helped boost parent Associated British Foods, which on Monday said it expects a substantial rise in half-year earnings and very good progress for the full year.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 22 Feb 2010 | 3:07 am Mining groups lead advance on FTSE 100Shares in London got a boost on Monday as mining groups advanced in response to gains on commodity exchanges. Asia set the tone for gains in London as indices in Hong Kong, Tokyo and Seoul all...Source: RSS feed - channel BNPaperBusiness | 22 Feb 2010 | 3:04 am A Program To Kill Alternative Energy: Tax Wind PowerSomeone in the state of Wyoming legislature came upon the idea that he and his fellow elected officials could cut budget deficits by a tax on wind power production. The state is something of a mecca for the alternative power energy industry because of its flat landscape, the high wind off the Rockies, an abundance fo [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 22 Feb 2010 | 3:02 am Lufthansa four-day strike beginsA four-day strike by pilots at Germany's national airline Lufthansa is expected to cause widespread disruption.Source: BBC News | Business | World Edition | 22 Feb 2010 | 3:02 am New documents raise heat on Toyota (AFP)
Source: Yahoo! News: Business News | 22 Feb 2010 | 2:59 am Currencies: Dollar edges down vs. rivals in Asian tradingThe dollar is slightly lower against most rivals in Monday’s Asian trading, but remains in recent ranges as investors awaited clues this week for the timing of future U.S. interest rate hikes.
Source: MarketWatch.com - Top Stories | 22 Feb 2010 | 2:56 am Stocks, oil firmer on U.S. economic optimismLONDON (Reuters) - World stocks hit 2-1/2 week highs on Monday and oil reached a six-week peak as investors became increasingly confident about the outlook for the U.S. economic recovery.
Source: Reuters: Business News | 22 Feb 2010 | 2:55 am London Markets: Commodity-sector firms, banks support FTSE 100Gains for commodity firms and banks help support the top British share index on Monday, the sixth day in a row of gains for the index.
Source: MarketWatch.com - Top Stories | 22 Feb 2010 | 2:53 am Toyota memo raises stakes for chief's hearingsTOKYO/WASHINGTON (Reuters) - A document claiming Toyota Motor Corp saved over $100 million by getting U.S. regulators to agree a cheap fix for unintended acceleration problems raised pressure on the company's president as he arrived in Washington to prepare for a grilling from congress.
Source: Reuters: Business News | 22 Feb 2010 | 2:47 am New credit card rules' double standardA batch of new restrictions aimed at curbing the most egregious credit card practices kick in Monday, but business owners will need to stay alert -- the new rules don't cover cards used for corporate purposes.Source: Business and financial news - CNNMoney.com | 22 Feb 2010 | 2:42 am France 'to avoid petrol shortage'The French government pledges to prevent any shortages of petrol and diesel supplies, as a strike by Total workers shows no signs of ending.Source: BBC News | Business | World Edition | 22 Feb 2010 | 2:40 am Time to buy a slice of Buffett?Warren Buffett may seem like a cheap date, given his penchant for Dairy Queen. But to pick up shares of his Berkshire Hathaway you've had to fork over Le Cirque prices. Indeed, Berkshire's A-shares recently sold for more than $100,000 apiece, while the "more affordable" B-shares were nearly $3,500.Source: Business and financial news - CNNMoney.com | 22 Feb 2010 | 2:38 am European stocks mark time as exporters lead Asia higherGlobal Markets Overview: European bourses make a tentative start to the week as concerns about the speed of monetary tightening and worries over Greece’s fiscal position policy linger, but Asia stocks move higherSource: Financial Times - US homepage | 22 Feb 2010 | 2:36 am European stocks mark time as exporters lead Asia higher09:35 GMT. European bourses began the new week in tentative mood as concerns about the speed of monetary tightening and worries over Greece's fiscal position policy rumbled on. However, most Asian...Source: RSS feed - channel BNPaperBusiness | 22 Feb 2010 | 2:36 am Europe Markets: European shares struggle to extend recent gainsStocks in Europe fail to build on a recent winning streak as a mixed set of earnings results weigh.
Source: MarketWatch.com - Top Stories | 22 Feb 2010 | 2:32 am Lufthansa nixes 800 flights as pilots strike (AP)AP - German airline Lufthansa canceled about 800 flights Monday, affecting some 10,000 passengers worldwide, after more than 4,000 pilots began a four-day walkout over job security.Source: Yahoo! News: Business News | 22 Feb 2010 | 2:31 am TNT hurt by 146m-euro writedownEurope's second-biggest mail delivery firm TNT reports a 58% drop in profit after writing down the value of its regular mail arm.Source: BBC News | Business | World Edition | 22 Feb 2010 | 2:26 am European banks need to issue $327 billion annually: Citi(Reuters) - Twenty-four European banks may need to issue about 240 billion euros ($327 billion) annually for the next three years to fund existing and new businesses, as well as to meet the new Basel stable funding requirements, Citigroup said.
Source: Reuters: Business News | 22 Feb 2010 | 2:20 am Toyota: We saved $100M dodging recallA Toyota executive boasted of saving the company $100 million by negotiating a limited recall for Toyota Camry and Lexus ES cars over a problem that could cause unintended acceleration.Source: Business and financial news - CNNMoney.com | 22 Feb 2010 | 2:19 am British rig 'to start drilling off the Falklands' (AFP)
Source: Yahoo! News: Business News | 22 Feb 2010 | 2:19 am Obama wants block on insurers' rate hikesThe Obama administration will propose new legislation that would allow the government to block excessive rate hikes by health insurance companies, a senior administration official told CNN Sunday.Source: Business and financial news - CNNMoney.com | 22 Feb 2010 | 2:16 am Recovery firmly on track, economists sayLeading economists are upbeat about the U.S. recovery, forecasting steady growth over the next two years as businesses grow and jobs return, according to a survey released Monday.Source: Business and financial news - CNNMoney.com | 22 Feb 2010 | 2:11 am Japan's Dai-ichi Life plans $11.8 billion IPOJapan’s Dai-ichi Mutual Life Insurance says Monday it plans to sell up to 1.08 trillion yen ($11.8 billion) of shares in what could be Japan's second-largest-ever initial public offering.
Source: MarketWatch.com - Top Stories | 22 Feb 2010 | 2:07 am BAA pre-tax losses more than double to £822mBAA, the owner of London's Heathrow and Stansted airports, reported a full-year pre-tax loss of £821.9m after taking multi-million pound hits on its pension scheme and the sale of Gatwick airport last year.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 22 Feb 2010 | 1:55 am CNN: Lufthansa pilots begin 4-day strikeSource: Business and financial news - CNNMoney.com | 22 Feb 2010 | 1:53 am Sports Direct targets Blacks stake to stop rescueMike Ashley's Sports Direct has made an aggressive swoop on a 29 per cent stake in Blacks Leisure, the troubled retailer, that would allow it to vote against a rescue package proposed by the Blacks board at the annual meeting on Wednesday. Source: Latest Business News from Times Online | 22 Feb 2010 | 1:52 am Wall Street's big weekAfter a two-week advance, stocks are just shy of crossing into positive territory for 2010, but the week ahead brings hurdles that could challenge the momentum.Source: Business and financial news - CNNMoney.com | 22 Feb 2010 | 1:52 am UPDATE 1-Sirius Petroleum buys stake in Nigerian field* Acquires interest in Ke marginal field from Del SigmaSource: RSS feed - channel BNewsBusiness | 22 Feb 2010 | 1:49 am Media Digest 2/22/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: Obama plans to pressure health insurance prices as part of new reforms. Reuters: A Toyota (TM) memo shows the company worked to keep the costs of one of its recalls to $100 million by convincing regulators to limit a safety inquiry. Reuters: Greece said broader Eurozone rules for national finances are needed. Reuters: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 22 Feb 2010 | 1:46 am New Obama health proposal would limit rate hikes (AP)
Source: Yahoo! News: Business News | 22 Feb 2010 | 1:38 am 'Smoking gun' reveals Toyota struck US deal over recallAn attempt by Toyota to convince the US Congress this week that it did not engage in a cover-up over “sticky” accelerator pedals may be scuppered by internal documents which appear to show the company struck a cost-saving deal with American regulators over a previous safety recall. Source: Latest Business News from Times Online | 22 Feb 2010 | 1:28 am Civilians killed in Nato air strikeA Nato airstrike in southern Afghanistan has killed 21 people after an aircraft fired on civilians mistakenly thought to be insurgents, the Afghan government saidSource: Financial Times - US homepage | 22 Feb 2010 | 1:28 am Business Bullet: Oil, Soros, RBS, ABFThe latest news on: Oil, Soros, RBS, ABFSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 22 Feb 2010 | 1:20 am Asia Markets And Europe Open (2/22/2010)Markets in Asia were mostly higher The Nikkei rose 2.7% to 10,400. Sony (NYSE:SNE) and Toyota (NYSE:TM) rose The Hang Seng was higher by 2.5%. The Shanghai Composite dropped .5% to 3,003. At the open in Europe, the FTSE was up .3% to 5,374. The Dax rose .3% to 5,737. The CAC 40 moved higher by .1% to 3,774. Data [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 22 Feb 2010 | 1:20 am Owner vows to keep Pompey alivePortsmouth owner Balram Chainrai promises the club "will not close" as it emerged a South African consortium was interested in buying Pompey.Source: BBC News | Business | World Edition | 22 Feb 2010 | 1:19 am Sales at Primark continue to growClothing chain Primark continues to perform strongly with sales up 8% in the past six months, owner Associated British Foods says.Source: BBC News | Business | World Edition | 22 Feb 2010 | 1:18 am Marc Faber offers upbeat view on JapanJapan Inc. gets an endorsement from a seemingly unlikely character, as Marc Faber -- one of the investment world’s so-called ‘Dr. Dooms’ -- has positive words for the Japanese stock market.
Source: MarketWatch.com - Top Stories | 22 Feb 2010 | 1:08 am Gold purchasing market set to peak, says pawnbroker Albemarle & BondAlbemarle & Bond, the jewellery-based pawnbroking business, saw a 31pc rise in gross profits in the six months to December 31, as more recession-hit Britons sold their unwanted gold.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 22 Feb 2010 | 1:05 am BAA losses reach £822 million on Gatwick saleBAA, the airport operator that owns Heathrow and Stansted, fell deeper into the red today after it was forced to take a £665 million charge on the sale of Gatwick and the cost of servicing its pension deficit. Source: Latest Business News from Times Online | 22 Feb 2010 | 1:05 am L.A. and Long Beach ports are loading up on jobsRetail orders increase the number of dockworkers at the facilities 34.5% during the first three weeks of February.The ports of Los Angeles and Long Beach are bringing in a surprising new commodity: jobs.
Source: L.A. Times - Business | 22 Feb 2010 | 1:00 am Choosing between bank loans and equity financingDear Karen: When financing my business, how do I decide when to get bank loans and other debt financing and when to seek equity from outside investors?
Source: L.A. Times - Business | 22 Feb 2010 | 1:00 am Disabled veterans' firms get a boost from CaliforniaRecent changes encourage awarding more contracts to such companies.With thousands of service members returning home to California after serving in Iraq and Afghanistan, a new push is underway to help disabled veterans get more work -- especially those who own or are launching small businesses.
Source: L.A. Times - Business | 22 Feb 2010 | 1:00 am New air tanker fleet is still pie in the skyThe Pentagon's twice-aborted effort to award a $35-billion contract may be derailed again. The multibillion-dollar...Source: RSS feed - channel BNPaperBusiness | 22 Feb 2010 | 1:00 am Mass layoffs take a smaller toll nationwideLarge and mid-size companies cut about 7% fewer jobs in the fourth quarter of 2009 than in the previous three months. The Los Angeles-Orange County area was the hardest hit.Large and mid-size businesses continued to lay off workers through the end of 2009 but at a significantly slower pace, according to new U.S. employment data.
Source: L.A. Times - Business | 22 Feb 2010 | 1:00 am Disabled veterans' firms get a boost from CaliforniaRecent changes encourage awarding more contracts to such companies. With thousands of service members returning...Source: RSS feed - channel BNPaperBusiness | 22 Feb 2010 | 1:00 am Clean energy is mired in politicsUncertainty over proposals in Congress has firms holding off on investments.At a time when the U.S. economy is desperate for jobs and investment in future growth, a slew of clean-energy projects are on hold largely because of political stalemate in Washington.
Source: L.A. Times - Business | 22 Feb 2010 | 1:00 am Stock market is showing more signs of stabilizingRecovering before falling through the 'correction' threshold and shrugging off the Fed's increase of the bank discount rate are its latest indications of strength. ...Source: RSS feed - channel BNPaperBusiness | 22 Feb 2010 | 1:00 am Toyota tried to cut costs on recallsA company document touts successes in limiting regulators' safety actions -- months before the sudden-acceleration problem was widely known outside of Toyota and the federal highway regulatory agency...Source: RSS feed - channel BNPaperBusiness | 22 Feb 2010 | 1:00 am Stock market is showing more signs of stabilizingRecovering before falling through the 'correction' threshold and shrugging off the Fed's increase of the bank discount rate are its latest indications of strength.Call it the almost correction.
Source: L.A. Times - Business | 22 Feb 2010 | 1:00 am The Week AheadTODAY
Source: L.A. Times - Business | 22 Feb 2010 | 1:00 am Mass layoffs take a smaller toll nationwideLarge and mid-size companies cut about 7% fewer jobs in the fourth quarter of 2009 than in the previous three months. The Los Angeles-Orange County area was the hardest hit. ...Source: RSS feed - channel BNPaperBusiness | 22 Feb 2010 | 1:00 am Toyota tried to cut costs on recallsA company document touts successes in limiting regulators' safety actions -- months before the sudden-acceleration problem was widely known outside of Toyota and the federal highway regulatory agency.Toyota Motor Corp. officials took credit for saving hundreds of millions of dollars by persuading federal regulators to limit or avoid safety recalls and rules, a company document released Sunday shows.
Source: L.A. Times - Business | 22 Feb 2010 | 1:00 am L.A. and Long Beach ports are loading up on jobsRetail orders increase the number of dockworkers at the facilities 34.5% during the first three weeks of February. ...Source: RSS feed - channel BNPaperBusiness | 22 Feb 2010 | 1:00 am New air tanker fleet is still pie in the skyThe Pentagon's twice-aborted effort to award a $35-billion contract may be derailed again.The multibillion-dollar competition to build aerial refueling tankers for the Air Force is expected to kick off this week as the Pentagon spells out its latest requirements to replace its aging fleet of Eisenhower-era aircraft.
Source: L.A. Times - Business | 22 Feb 2010 | 1:00 am Clean energy is mired in politicsUncertainty over proposals in Congress has firms holding off on investments. At a time when the U.S. economy is...Source: RSS feed - channel BNPaperBusiness | 22 Feb 2010 | 1:00 am Gatwick sale knocks BAA resultsUK airports operator BAA reports a big loss for 2009 as the sale of Gatwick and lower passenger numbers hit performance.Source: BBC News | Business | World Edition | 22 Feb 2010 | 12:53 am Marsh on Monday: Europe shifts shape as trouble brewsThe crisis over Greek debt is starting to change the shape of Europe, writes David Marsh.
Source: MarketWatch.com - Top Stories | 22 Feb 2010 | 12:51 am General Election 2010: YouGov chief Nadhim Zahawi quits to stand as Conservative candidateNadhim Zahawi has quit as chief executive of YouGov, one of Britain's biggest polling companies, to stand as a candidate for the Conservative Party at the General Election.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 22 Feb 2010 | 12:50 am Asian markets recover from drop following Fed move (AP)
Source: Yahoo! News: Stock Markets News | 22 Feb 2010 | 12:49 am Asian markets recover from drop following Fed move (AP)
Source: Yahoo! News: Business News | 22 Feb 2010 | 12:49 am UPDATE 2-China PLA officer urges new Internet control agencyBEIJING, Feb 22 (Reuters) - A Chinese major general has called for a new national body to enforce Internet controls, while China faced fresh claims on Monday about the source of hacking attacks that hit...Source: RSS feed - channel BNewsBusiness | 22 Feb 2010 | 12:49 am Body tradeShould cadavers be treated like a commodity?Source: BBC News | Business | World Edition | 22 Feb 2010 | 12:45 am Sharemarket makes strong start to weekThe New Zealand sharemarket started the week strongly after the US market performed better than expected on Friday, and as companies continue to signal better trading in the most recent months of their interim reports.The benchmark...Source: nzherald.co.nz - Business | 22 Feb 2010 | 12:11 am UPDATE 1-Novartis's meningitis vaccine gets U.S. approval* Menveo approved for immunisation of people of 11-55 yrsSource: RSS feed - channel BNewsBusiness | 22 Feb 2010 | 12:03 am Euro's future in question even if Greece rescued: SorosSINGAPORE (Reuters) - A makeshift assistance should be enough to rescue Greece but bigger problems facing Europe would leave the future of the euro currency in question, billionaire investor George Soros said.
Source: Reuters: Business News | 22 Feb 2010 | 12:02 am UPDATE 1-Philips raises sustainability targetsAMSTERDAM, Feb 22 (Reuters) - Dutch Royal Philips Electronics on Monday said it has reached its target for "green" sales three years ahead of schedule and has set new targets for 2015.Source: RSS feed - channel BNewsBusiness | 21 Feb 2010 | 11:50 pm In Thailand, world's top finance minister stands tallBANGKOK (Reuters) - At 1.93 meters (6 ft 3 in) in height, Thailand's finance minister often stands above the crowd. That's even more the case after winning "Global Finance Minister of the Year" honors from The Financial Times' Banker magazine.
Source: Reuters: Business News | 21 Feb 2010 | 11:45 pm U.S. reportedly finds Google hacking-code writerU.S. analysts reportedly believe they have identified the Chinese author of the programming code that was allegedly used to hack Google and other Western Internet companies.
Source: MarketWatch.com - Top Stories | 21 Feb 2010 | 11:45 pm Oger offers 20% premium for T. T'kom shares-paperISTANBUL, Feb 22 (Reuters) - Dubai-based Oger Telecom, controlled by Saudi Oger, will pay a 20 percent premium for the shares in landline operator Turk Telekom that the Turkish government plans to sell,...Source: RSS feed - channel BNewsBusiness | 21 Feb 2010 | 11:36 pm Telecom XT customers suffer further outagesTelecom's troubled XT network has suffered another outage this afternoon with customers south of Taupo experiencing major disruption.Problems are with sending and receiving text messages and making and receiving calls One...Source: nzherald.co.nz - Business | 21 Feb 2010 | 11:26 pm Novartis' Gilenia gets FDA priority review statusZURICH, Feb 22 (Reuters) - Novartis AG pulled further ahead of rival Merck in the bid to get the first oral multiple sclerosis treatment to market after the Swiss drugmaker's Gilenia was given U.S. priority...Source: RSS feed - channel BNewsBusiness | 21 Feb 2010 | 11:22 pm Credit card offers abound, but terms have changedFor the first time in three years, credit-card issuers are ramping up their mailbox solicitations, but don’t expect to see your father’s credit-card appeals. Variable interest rates, higher annual fees and a host of new charges will be hidden in the fine print of these offers.
Source: MarketWatch.com - Top Stories | 21 Feb 2010 | 10:56 pm Ca. fire from derailed train out, evacuations overFirefighters late Sunday put out a stubborn fire sparked by a freight train derailment in central California, allowing residents evacuated because of a toxic cloud to return home, officialsSource: RSS feed - channel BNewsBusiness | 21 Feb 2010 | 10:34 pm Dollar rises slightly in quieter tradingThe New Zealand dollar rose slightly today as the euro and Australian dollars drifted higher and the US dollar retreated from recent highs.Dealers continued to reflect on the "slapping" at the hands of the United States Federal...Source: nzherald.co.nz - Business | 21 Feb 2010 | 10:30 pm Japan finance minister needles BOJ on inflation targetingTOKYO (Reuters) - Japan's Finance Minister Naoto Kan reiterated his desire to target inflation, setting up a clash with the Bank of Japan over how best to pull the country out of deflation.
Source: Reuters: Business News | 21 Feb 2010 | 10:28 pm Oil rises to $80 as traders eye low interest ratesOil prices rose above $80 a barrel Monday in Asia, extending a three-week rally as investors expect the U.S. central bank to keep interest rates near zero to help fuel economic growth,...Source: RSS feed - channel BNewsBusiness | 21 Feb 2010 | 10:15 pm Asian shares mostly up; resource stocks strongAsian shares trade mostly higher, with gains in resources stocks helping lift markets in Japan and Australia.
Source: MarketWatch.com - Top Stories | 21 Feb 2010 | 10:11 pm Peter Brimelow: Letter tails Buffett for stock cluesWho’s afraid of the big, bad Warren Buffett? One top-performing letter thinks he’s WONDERFUL.
Source: MarketWatch.com - Top Stories | 21 Feb 2010 | 10:03 pm British rig to start drilling off the Falklands: reportA British oil rig starts drilling off the Falklands on Monday, a move likely to ratchet up tensions with Argentina which claims the disputed islands, the BBC reported, citing the oil...Source: RSS feed - channel BNewsBusiness | 21 Feb 2010 | 9:40 pm Securities Commission launches Allied Farmers trading probeThe Securities Commission has launched a probe into trading of Allied Farmers shares, amid claims the market was not fully informed when the shares were traded.A commission spokesperson has confirmed that the NZX's regulatory...Source: nzherald.co.nz - Business | 21 Feb 2010 | 9:00 pm NZX Allied Farmers 'please explain' good newsNZX boss Mark Weldon has made two important concessions in the wake of this afternoon's confirmation by the Business Herald that the Securities Commission will investigate trading in Allied Farmers shares.The NZX is facing allegations...Source: nzherald.co.nz - Business | 21 Feb 2010 | 8:30 pm Asian markets recover from drop following Fed moveAsian stock markets rose sharply Monday, recovering from a tumble last week when the U.S. central bank decided to pull back one of its emergency supports for the financial system. The...Source: RSS feed - channel BNewsBusiness | 21 Feb 2010 | 8:10 pm Mighty River Power profits upState-owned Mighty River Power said its diversified generation strategy has helped it post a solid half-year result.Underlying earnings, defined as earnings before net interest expense, income tax, depreciation, amortisation and...Source: nzherald.co.nz - Business | 21 Feb 2010 | 8:00 pm Bharti lines up $9 billion in loans for Zain AfricaNEW DELHI (Reuters) - India's Bharti Airtel has lined up $9 billion in loans from foreign and local banks for its planned acquisition of the African assets of Kuwait's Zain , the Economic Times reported on Monday.
Source: Reuters: Business News | 21 Feb 2010 | 7:56 pm Why It Took $642 Million In Fees To Dismantle LehmanLehman’s bankruptcy is believed to be the largest in US history. Now, Bloomberg has reported that a new regulatory filing revealed that various consulting and legal firms and other lucky advisors that became part of the process which dismantled Lehman Brothers were paid a total of $642 million among them. The primary beneficiaries of this largess were Alvarez [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 Feb 2010 | 7:47 pm Mobile phone regulation rejected by commissionThe Commerce Commission, in a split decision, has rejected regulation as a means to reduce the costs of mobile phone calls.Instead, telecommunications commissioner Ross Patterson has recommended that Minister for Communications...Source: nzherald.co.nz - Business | 21 Feb 2010 | 7:00 pm Ex-Treasury secretaries back Volcker ruleWASHINGTON (Reuters) - Five former Treasury secretaries urged Congress on Sunday to bar banks that receive federal support from engaging in speculative activity unrelated to basic bank services.
Source: Reuters: Business News | 21 Feb 2010 | 6:49 pm Fairfax's NZ newspapers 'subdued' but Trade Me upFairfax Media has turned around a first half year loss into a profit but the New Zealand wing of the trans-Tasman publisher has seen its profits for the six months cut more than a quarter to A$38 million ($46.75 million).Fairfax,...Source: nzherald.co.nz - Business | 21 Feb 2010 | 6:30 pm Shrink-wrapping for superyachtsAn Auckland company is providing a novel solution to a chronic shortage of sheds used for superyacht refits on the city's waterfront.Shrink Wrap Services provides weather-tight shelters made out of virgin resin material.The...Source: nzherald.co.nz - Business | 21 Feb 2010 | 6:30 pm Documents: Toyota boasted saving $100M on recall (AP)
Source: Yahoo! News: Business News | 21 Feb 2010 | 6:19 pm Best of NZ green tourism features in new guideA travel guide published this week has given a range of New Zealand tourism businesses the green light.The AA Qualmark Travel Guide 2010 released this week features only those businesses which meet expectations of environmental...Source: nzherald.co.nz - Business | 21 Feb 2010 | 6:00 pm Bloom Box: Clean-energy's powerhouseThe 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 | 21 Feb 2010 | 5:36 pm Ben and Jerry explain how they got the taste for ethical, green ice-creamBen and Jerry need some air. The library of London’s Charlotte Street Hotel was stuffy and someone had been spraying something “horrible”, so Ben Cohen, one half of the ice-cream duo, wants to sit outside on a cold but unusually sunny day in the capital. “Ben’s an outside kind of guy,” Jerry Greenfield explains. Source: Latest Business News from Times Online | 21 Feb 2010 | 5:01 pm Dubai World on verge of presenting debt proposalDubai World will present its banks with a restructuring proposal for its $22 billion ($£13.5 billion) debts by the end of next month. Source: Latest Business News from Times Online | 21 Feb 2010 | 5:01 pm Government acts to soothe foreign investors’ fearsAlistair Darling will today move to reassure international businesses that Britain under Labour will not impose surprise tax changes on them. Source: Latest Business News from Times Online | 21 Feb 2010 | 5:01 pm Glencore seeks to buy back $2.5bn Prodeco mine$Glencore, the Swiss commodities trader, is sounding out potential partners as it prepares to buy back the $2.5 billion Prodeco coalmine owned by Xstrata, The Times has learnt.$ Source: Latest Business News from Times Online | 21 Feb 2010 | 5:01 pm JP Morgan may desert Canary Wharf for the CityCanary Wharf’s hopes of taking the crown as London’s main financial centre have suffered a new blow as it emerged that JP Morgan is scouting for office locations back in the City. Source: Latest Business News from Times Online | 21 Feb 2010 | 5:01 pm Fund manager condemns proposal for VT payoutA leading shareholder in VT Group has condemned a proposed £233 million payout intended to tempt investors from the rival £1.25 billion takeover offer from Babcock, arguing that it leaves the company “back at square one” as it attempts to diversify away from the defence industry. Source: Latest Business News from Times Online | 21 Feb 2010 | 5:01 pm Crisis? Blame the baby-boomers, not the bankersTalk about a storm in a teacup. Last week’s epistolary war between economists was the modern equivalent of the war between Big-Endians and Little-Endians that almost destroyed Lilliput in Gulliver’s Travels. The 20 distinguished economists who wrote to The Sunday Times, obviously but in some cases inadvertently, endorsing the Conservative Party’s eagerness to slash borrowing immediately after the election, were quickly answered by 60 even more distinguished economists, writing to the Financial Times to support Labour’s more sedate approach. Source: Latest Business News from Times Online | 21 Feb 2010 | 5:01 pm Orange T-Mobile merger to get go-aheadThe merger of Orange and T-Mobile to create the UK's biggest mobile phone operator, with almost 30m customers, is expected to be granted regulatory approval as early as this week.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 Feb 2010 | 4:59 pm Lord Mandelson backs state investment bank planLord Mandelson, the Business Secretary, has indicated his support for a state-run investment bank to provide loans to small businesses and capital for major infrastructure projects.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 Feb 2010 | 4:51 pm US experts close in on Google hackersUS analysts believe they have identified the Chinese author of the critical programming code used in the alleged state-sponsored hacking attacks on Google and other western companies, making it far harder for the Chinese government to deny involvementSource: Financial Times - US homepage | 21 Feb 2010 | 4:33 pm UK businesses 'blinkered' on state of the economy after the recessionUK businesses have yet to realise that life will not "return to pre-recession normality," a new survey shows.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 Feb 2010 | 4:16 pm Farmers warn Government on cost cutsThe National Farmers' Union (NFU) will use its annual conference in Birmingham this week to warn the next Government against "knee-jerk" cost cuts as it looks to reduce the national deficit.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 Feb 2010 | 4:12 pm Help! EMI in talks to save Abbey Road with investorsThe struggling record label and music publisher will not sell its world-famous Abbey Road studios but is instead in talks for a "revitalisation."Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 Feb 2010 | 4:09 pm Berlin to extend deal on EADS stakeThe German government has failed to find a national buyer for a stake in EADS, forcing it to extend a deal that gives a group of banks a 7.5% stake in the defence companySource: Financial Times - US homepage | 21 Feb 2010 | 4:00 pm Westwood condemns consumerism after London show (AP)
Source: Yahoo! News: Business News | 21 Feb 2010 | 3:38 pm China taps more Saudi crude than USSaudi Arabia’s oil exports to the US last year sank below 1m barrels a day for the first time in two decades just as China’s purchases climbed above that level, highlighting a shift in the geopolitics of oil from west to eastSource: Financial Times - US homepage | 21 Feb 2010 | 3:00 pm Kuwaiti investment model feels strainThe financial crisis has starkly exposed a toxic mismatch between short-term loans and often illiquid assets whilst highlighting a reliance on paper investment gains rather than asset management or brokerage fees, or recurring revenue from portfolio companiesSource: Financial Times - US homepage | 21 Feb 2010 | 2:31 pm Schlumberger to buy rival Smith for $12bnSchlumberger, the world’s largest oil services group, has agreed a $12.4bn all-share deal to acquire Smith International of the US, to take advantage of opportunities being created by technological advances in the industrySource: Financial Times - US homepage | 21 Feb 2010 | 2:03 pm Under 21? Getting credit just got tougherAntoine Perretta, a 21-year-old University of Denver student, regularly pays off his three credit cards, to build up his credit score. He's working toward getting an affordable loan to buy a car, a used black Audi.Source: Business and financial news - CNNMoney.com | 21 Feb 2010 | 1:43 pm A look at credit card terms for risky borrowers (AP)AP - The new credit card law bans surprise rate hikes and caps first-year fees to 25 percent of the credit line. After that there is no cap. Cards marketed to subprime borrowers can still come with significant costs.Source: Yahoo! News: Business News | 21 Feb 2010 | 12:27 pm Stock market nears correction mode but pulls back (AP)AP - Call it the almost correction.Source: Yahoo! News: Stock Markets News | 21 Feb 2010 | 12:04 pm National Employee Morale Day At Boeing (BA)Boeing (NYSE:BA) sent out 1,025 60-day layoff notices, most of them to workers in its Engineering, Operations, and Technology unit. The action was part of Boeing already-disclosed 10,000 employee “termination” plans. Boeing has suffered from management’s inability to stick to it schedule for the release of its Dreamliner to customers. The delays have already cost the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 Feb 2010 | 11:56 am RBS chief to decline 2009 bonusRBS chief executive is to forgo his bonus for 2009, as pressure mounts on the lossmaking UK state-owned bank to show humility amid the continuing populist backlash against bankersSource: Financial Times - US homepage | 21 Feb 2010 | 11:54 am The Numbers Behind the Academy AwardsThe Academy Awards are one of the most celebrated awards shows in the world. From red carpets to the latest fashion, the Oscars are about so much more than movies. But what does it really mean to put on a show like the Academy Awards? What kind of money goes into them, and what really happens to stars’ careers after they win an Oscar? Here’s a numerical look at how much the Academy Awards cost, who wins, and what winning might mean for an actor’s career.
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Source: Business Pundit | 21 Feb 2010 | 11:44 am A Flood Of Energy M&A: Schlumberger Buys Smith For $11 BillonThe acquisition by Schlumberger Ltd. (SLB) of competitor oilfield services company Smith International Inc. (SII) for $11 billion could be another sign that mergers and acquisitions in the energy sector will pick up in 2010. This is the second big deal in the oilfield services sector, following last August’s announcement by Baker Hughes Inc. (BHI) [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 Feb 2010 | 11:43 am Bernanke, retailers hold key for stocks (Reuters)
Source: Yahoo! News: Stock Markets News | 21 Feb 2010 | 9:25 am Bernanke, retailers hold key for stocksNEW 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 | 21 Feb 2010 | 9:25 am Bayh: economic crisis might spark cooperation (AP)AP - Retiring Democratic Sen. Evan Bayh says it might take an even deeper and more threatening economic crisis to cause members of Congress to shift toward bipartisanship.Source: Yahoo! News: Business News | 21 Feb 2010 | 8:28 am Violent floods in Madeira kill at least 40Portuguese send military rescue teams to search for survivors in Funchal and southern coastal townsSource: Financial Times - US homepage | 21 Feb 2010 | 7:37 am The Mystery Over China’s Financial Plans Grows As Goverment TightensAre the Chinese pushing liquidity into the nation’s economy to encourage consumer spending and manufacturing activity, or are they restricting the access to capital by tightening bank lending requirements? The data this weekend pointed to a tightening. In notices put at the China Bank Regulatory Commission website, financial regulators announced two new initiatives that will cut access [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 Feb 2010 | 7:06 am The FDA Follies And Death Drug AvandiaThe FDA continued is blundering and fumbling of as the protector of the American public from big pharma. “On the “drugs that kill people but are approved by the FDA” front, two doctors from the agency say that “Hundreds of people taking Avandia, a controversial diabetes medicine, needlessly suffer heart attacks and heart failure each month.” Read [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 Feb 2010 | 6:38 am Greece problems must be solved in euro zone: Lagarde (Reuters)Reuters - Greece's fiscal problems must be solved within the euro zone rather than with the International Monetary Fund (IMF), French Economy Minister Christine Lagarde said in an interview published in a Greek newspaper on Sunday.Source: Yahoo! News: Business News | 21 Feb 2010 | 6:26 am Explaining Flash-obsessed Steve JobsSource: Business and financial news - CNNMoney.com | 21 Feb 2010 | 6:17 am
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