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Greece hit by nationwide strike against austerity (AP)
Source: Yahoo! News: Business News | 24 Feb 2010 | 3:11 am Google faces competition inquiryThe European Commission is looking into complaints about Google's behaviour, the company reveals.Source: BBC News | Business | World Edition | 24 Feb 2010 | 3:07 am India seen as potential buyer for IMF gold (Reuters)
Source: Yahoo! News: Business News | 24 Feb 2010 | 3:05 am China's Hummer buy may take private equity route (AP)
Source: Yahoo! News: Business News | 24 Feb 2010 | 3:05 am Rock savers lose 100% guaranteeSavers with money in the Northern Rock bank will lose the government's 100% guarantee on their deposits on 24 May.Source: BBC News | Business | World Edition | 24 Feb 2010 | 3:04 am Make the best of a bad 401(k)You're probably feeling a lot better about your 401(k) these days, and not without reason. The average balance for experienced workers, after declining 19% in 2008, bounced back 29% last year, including new contributions.Source: Business and financial news - CNNMoney.com | 24 Feb 2010 | 3:02 am World markets slide ahead of Bernanke report (AP)
Source: Yahoo! News: Stock Markets News | 24 Feb 2010 | 2:59 am World markets slide ahead of Bernanke report (AP)
Source: Yahoo! News: Business News | 24 Feb 2010 | 2:59 am Toyota CEO apologizes for recall, accidents (AP)
Source: Yahoo! News: Business News | 24 Feb 2010 | 2:56 am California's high speed rail dreamCalifornia's high speed rail plan is eye candy for anyone that likes big, fast shiny things.Source: Business and financial news - CNNMoney.com | 24 Feb 2010 | 2:54 am Toyota boss faces tough questionsToyota's president will face tough questioning from US politicians later, in their probe into safety worries in some of its models.Source: BBC News | Business | World Edition | 24 Feb 2010 | 2:54 am Massive strike paralyses GreeceHundreds of thousands of Greeks are on strike to protest at the imposition of austerity measures to save the economy.Source: BBC News | Business | World Edition | 24 Feb 2010 | 2:52 am Economic Report: German economy stagnated in fourth quarterThe German economy stagnated in the fourth quarter, with a boost in exports preventing a contraction, the Federal Statistics Office reports.
Source: MarketWatch.com - Top Stories | 24 Feb 2010 | 2:52 am Does Google play fair? EU is on the caseGoogle is being scrutinized by European antitrust officials, who have notified the Internet search giant that three companies have complained about its practices.Source: Business and financial news - CNNMoney.com | 24 Feb 2010 | 2:48 am Hong Kong's economy 'to grow 5%'Hong Kong's economy will grow by between 4% and 5% this year, Financial Secretary John Tsang says in his budget speech.Source: BBC News | Business | World Edition | 24 Feb 2010 | 2:47 am Have cash, must shop: Deals are backAfter cutting back on expenses and making some hard choices in the recession, it looks like it's time to go shopping.Source: Business and financial news - CNNMoney.com | 24 Feb 2010 | 2:47 am Exporters, resource stocks pace decline in AsiaAsian markets end mostly lower Wednesday as exporters fall on worries about U.S. consumer sentiment.
Source: MarketWatch.com - Top Stories | 24 Feb 2010 | 2:46 am Democrats: Say Goodbye to Wall Street?WASHINGTON (Reuters) - U.S. banks and investment firms transferred their political contributions to Republicans in 2009 as Democrats in Washington put the focus on big bonuses, huge profits and tight lending, The Washington Post reported on Wednesday.
Source: Reuters: Business News | 24 Feb 2010 | 2:40 am UK trims support for Northern Rock depositors (AP)AP - The British government said Wednesday that it will withdraw unlimited guarantees for depositors in Northern Rock in May as another step to preare for the mortgage lender's return to private ownership.Source: Yahoo! News: Business News | 24 Feb 2010 | 2:33 am Europe Markets: European shares give up early gains as banks weighEuropean shares couldn’t hold onto early gains on Wednesday, with Spanish banks such as BBVA and Santander notably weak.
Source: MarketWatch.com - Top Stories | 24 Feb 2010 | 2:32 am Barratt upbeat on housing marketHousebuilder Barratt Developments reports reduced losses and issues an upbeat forecast for the next six months.Source: BBC News | Business | World Edition | 24 Feb 2010 | 2:31 am Google facing European antitrust probeInternet search giant Google Inc. said the European Commission has launched a preliminary antitrust probe into the way it deals with advertising partners and ranks search results following complaints from three European Web companies.
Source: MarketWatch.com - Top Stories | 24 Feb 2010 | 2:30 am Japan exports jump on Asian recoveryStrong shipments to Asia helped Japan report the biggest increase in exports in almost 30 years in January, underlining the strength of the country’s economic recoverySource: Financial Times - US homepage | 24 Feb 2010 | 2:27 am British Airways back in court over pilots' holiday payBritish Airways is due to return to the courts later on Wednesday to fight a union's attempt to change its policy on holiday pay for pilots, just days after BA cabin crew voted for possible strike action.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 Feb 2010 | 2:27 am Kenya says CNOOC well has not struck oil yetNAIROBI, Feb 24 (Reuters) - China's CNOOC has drilled 4,456 metres of its Boghal-1 well in Kenya's Block 9 and has not made any discovery yet, the National Oil Corporation of Kenya said on Wednesday.Source: RSS feed - channel BNewsBusiness | 24 Feb 2010 | 2:26 am Xerox launches patent fight vs. Google, YahooGoogle and Yahoo plan to fight a lawsuit filed last week by Xerox, which claims that the two search-engine giants infringed on the copier and printing company's patents.Source: Business and financial news - CNNMoney.com | 24 Feb 2010 | 2:25 am Monetary policy to the fore as Bernanke testifiesGlobal Markets Overview: Equity bulls will be hoping that Fed chairman Ben Bernanke reassures them that interest rates will stay low for some time, after Wall Street’s 1.2% fall overnightSource: Financial Times - US homepage | 24 Feb 2010 | 2:24 am 3 Google execs convicted of privacy violations (AP)AP - Three Google executives were convicted of privacy violations Wednesday in allowing a video of an autistic boy being abused to be posted online — a case that has been closely watched for its implications on Internet freedom.Source: Yahoo! News: Business News | 24 Feb 2010 | 2:19 am Toyota ‘lost way’ in rapid expansionAkio Toyoda, the embattled Toyota chief executive, has admitted that the company lost its way and its sense of priorities in its rapid rise to the top, culminating in a massive vehicle recall and a loss of consumer trustSource: Financial Times - US homepage | 24 Feb 2010 | 2:14 am Toyota problems may be electronicWitnesses at the first of three Congressional hearing on Toyota's recall problems testified that they believe they have found a possible additional cause of unintended acceleration in Toyotas, one that has to do with the vehicles' electronic throttle control systems.Source: Business and financial news - CNNMoney.com | 24 Feb 2010 | 2:13 am 25% of mortgages are underwaterMore bad news on the housing bust front: Nearly 25% of all mortgage borrowers were underwater, meaning they more on their loans than their homes are worth.Source: Business and financial news - CNNMoney.com | 24 Feb 2010 | 2:13 am 3 Google execs convicted of privacy violationsThree current and former Google executives have been convicted of privacy violations in allowing a video of an autistic boy being abused to be posted online. Judge Oscar Magi on...Source: RSS feed - channel BNewsBusiness | 24 Feb 2010 | 2:09 am Fresenius Q4 net income up 32 percentGerman medical company Fresenius SE said Wednesday that its fourth quarter net income increased by 32 percent, thanks in part to a strong rise in North American revenue. Fresenius said...Source: RSS feed - channel BNewsBusiness | 24 Feb 2010 | 2:07 am Fresenius Q4 net income up 32 percent (AP)AP - German medical company Fresenius SE said Wednesday that its fourth quarter net income increased by 32 percent, thanks in part to a strong rise in North American revenue.Source: Yahoo! News: Business News | 24 Feb 2010 | 2:07 am Google execs convicted in Italy for Down syndrome videoMILAN (Reuters) - A Milan court has convicted three Google Inc executives for the 2006 transmission of a video showing the bullying of a youth with Down syndrome, the judge in the case toldSource: RSS feed - channel BNewsBusiness | 24 Feb 2010 | 2:05 am Google execs convicted in Italy for Down syndrome videoMILAN (Reuters) - A Milan court has convicted three Google Inc executives for the 2006 transmission of a video showing the bullying of a youth with Down syndrome, the judge in the case told Reuters on Wednesday.
Source: Reuters: Business News | 24 Feb 2010 | 2:05 am Blacks meeting delayed as Ashley talks falterBlacks Leisure, the troubled retailer, has failed to reach agreement with Mike Ashley's Sports Direct, its largest shareholder, over a £20 million cash call, forcing today's key meeting to be adjourned until the two sides have struck a deal. Source: Latest Business News from Times Online | 24 Feb 2010 | 2:03 am American Indian reservation reaping oil benefits (AP)
Source: Yahoo! News: Business News | 24 Feb 2010 | 2:02 am European shares up a tad, buck global equitiesLONDON (Reuters) - European stocks eked out small gains on Wednesday against a background of investor caution globally following a dip in U.S. consumer sentiment.
Source: Reuters: Business News | 24 Feb 2010 | 2:02 am European shares up a tad, buck global equities (Reuters)
Source: Yahoo! News: Stock Markets News | 24 Feb 2010 | 2:02 am UPDATE 1-Melrose Resources meets 2009 production outlookFeb 24 (Reuters) - Oil and gas explorer Melrose Resources Plc said on Wednesday it met its production expectations for 2009, driven by the successful fast-track development of recent Egyptian discoveries...Source: RSS feed - channel BNewsBusiness | 24 Feb 2010 | 2:00 am Northern Rock savers to lose 100pc guarantee in MayGovernment to end its 100pc guarantee on deposits in the nationalised bank on May 24.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 Feb 2010 | 2:00 am American Indian reservation reaping oil benefitsAn oil boom on American Indian land in North Dakota has brought jobs, millions of dollars and hope to long-impoverished tribal members. Oil companies have put dozens of money-producing...Source: RSS feed - channel BNewsBusiness | 24 Feb 2010 | 2:00 am Ben Bernanke to face tough questions from Congress on when new jobs will arriveBen Bernanke, the chairman of the Federal Reserve, will face questioning today in Congress on when a recovery in the world's biggest economy will bring down unemployment from its highest in more than two decades.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 Feb 2010 | 2:00 am Stocks take a hitStocks tumbled Tuesday after a key measure of consumer confidence plunged, reflecting investors' growing pessimism about the strength of the economic recovery.Source: Business and financial news - CNNMoney.com | 24 Feb 2010 | 1:57 am China imposes new rules for personal websitesApplicants will have to verify their identities with regulators and have their photographs taken. A government ministry will review the requests. ...Source: RSS feed - channel BNPaperBusiness | 24 Feb 2010 | 1:57 am China imposes new rules for personal websitesApplicants will have to verify their identities with regulators and have their photographs taken. A government ministry will review the requests.In a move that will give the government new powers to police the Internet, China will require individuals seeking to establish personal websites to verify their identities with regulators and have their photographs taken.
Source: L.A. Times - Business | 24 Feb 2010 | 1:57 am Back Into the Future With Consumer ConfidenceConsumer confidence as measured by the Conference Board fell sharply this month. The “Present Situation” index was pushed to a 27-year low at 19.4 points because of the troubled job market and general business conditions. The figure was last below that in February 1983. The figures sent the market down, as well they should have. Most [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 Feb 2010 | 1:54 am Northern Rock savers to lose guaranteesThe Treasury has indicated this morning that the government guarantee protecting retail desposits with Northern Rock, in place since September 2007 to prevent a run on the bank when it was ailing, will be scrapped in three months. Source: Latest Business News from Times Online | 24 Feb 2010 | 1:52 am Accor - Demerging the Two Businesses and Details of the Demerger ProcessSource: RSS feed - channel BNewsBusiness | 24 Feb 2010 | 1:52 am Media Digest 2/24/2010 Reuters, WSJ, NYTime, FT, BloombergReuters: The Fed will defend the breadth of its power before Congress. Reuters: Hyundai will recall the Sonata because of lock issues. Reuters: The Bank of Japan says it is ready to act on deflation. Reuters: Yahoo! (NASDAQ:YHOO) has partnered with Twitter to improve social features. Reuters: China has rejected the bid made by Sichuan Tengzhong to buy Hummer from [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 Feb 2010 | 1:49 am Nationwide strike in Greece against austerity planGreek unions staged a nationwide strike Wednesday, grounding flights, shutting schools and crippling public services, in a show of strength against government austerity measures aimed at...Source: RSS feed - channel BNewsBusiness | 24 Feb 2010 | 1:46 am Japan orders Toyota to take car faults 'more seriously'The Japanese Government ordered Toyota today to take safety defects more seriously and warned management against “rash decisions” as the US Congress prepared to question Akio Toyoda, the carmaker’s president. Source: Latest Business News from Times Online | 24 Feb 2010 | 1:43 am Greek workers strike over austerity planGreece faced a complete shutdown of air, rail and maritime transport Wednesday as part of a general strike in protest at the beleaguered government's austerity plan to resolve the country'sSource: RSS feed - channel BNewsBusiness | 24 Feb 2010 | 1:40 am Toyota chief faces 'crucial test' in US hearing (AP)
Source: Yahoo! News: Business News | 24 Feb 2010 | 1:35 am FTSE edges higher at the open (AFP)
Source: Yahoo! News: Stock Markets News | 24 Feb 2010 | 1:32 am UPDATE 1-Basilea strikes licensing deal with Astellas* Partners antifungal isavuconazole, in late-stage trialsSource: RSS feed - channel BNewsBusiness | 24 Feb 2010 | 1:31 am Earnings Watch: Updates, advisories and surprisesA roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source: MarketWatch.com - Top Stories | 24 Feb 2010 | 1:31 am Travis Perkins profits down 11%Travis Perkins, Britain's biggest builders' merchant, posts a drop in profits and warns of continued "fragile" trading activity.Source: BBC News | Business | World Edition | 24 Feb 2010 | 1:30 am Lisa Twaronite's This Week in Japan: Japan is more than a 'contrarian' storyJapan offers opportunities to buy into Asia's recovery story, even as it struggles to muster a recovery of its own.
Source: MarketWatch.com - Top Stories | 24 Feb 2010 | 1:29 am Barratt Development losses narrow, selling prices riseBarratt Development, Britain's biggest housebuilder, reported a narrowing in first-half losses, at 3.5pc rise in its average selling price to £166,300 and said it expected operating margins to grow.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 Feb 2010 | 1:24 am Japanese airline delivers women what they want: female only toiletsWomen flying Japan's All Nippon Airways will have a toilet all to themselves from next month, with the airline designating one restroom on most international routes as female-only.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 Feb 2010 | 1:22 am Asia Markets And Europe Open (2/24/2010)Markets in Asia were mixed The Nikkei fell 1.5% to 10,199. Toyota (NYSE: TM) fell. The Hang Seng was off .9% to 20,448. The Bank of China (NYSE: CEO) fell The Shanghai Composite was up 1.3% to 3,022. At the open in Europe, the FTSE was up .2% to 5,324. The Dax rose .3% to 5,621. The CAC 40 [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 Feb 2010 | 1:15 am Hyundai recalls new Sonata due to lock faultsSEOUL/DETROIT (Reuters) - Hyundai Motor will recall 47,000 of its new Sonata sedans to fix faulty door latches, seeking to avoid the damaging criticism Japanese rival Toyota Motor Corp faces for its handling of a series of safety problems.
Source: Reuters: Business News | 24 Feb 2010 | 1:10 am Business Bullet: US Fed, Toyota, Oil, BarrattThe latest news on: US Fed, Toyota, Oil, BarrattSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 Feb 2010 | 1:05 am Tax men strike out against McCourtsTo everyone who claims that our wealthiest citizens pay more than their fair share of income taxes and we should cut them a break because they're the ones who, you know, create jobs in our economy, I have four words for you:
Source: L.A. Times - Business | 24 Feb 2010 | 1:00 am Anthem Blue Cross plans to go ahead with rate hikes in CaliforniaExecutives at the health insurer and its parent firm, WellPoint, defend increases of as much as 39% in a hearing before an Assembly panel. The changes are slated to go into effect May 1. ...Source: RSS feed - channel BNPaperBusiness | 24 Feb 2010 | 1:00 am Jumbo mortgage market is beginning to thawThe meltdown sent interest rates soaring and availability shrinking, but rates are declining and lenders are more willing to make loans that top the limits for Freddie Mac, Fannie Mae and the FHA. ...Source: RSS feed - channel BNPaperBusiness | 24 Feb 2010 | 1:00 am Jumbo mortgage market is beginning to thawThe meltdown sent interest rates soaring and availability shrinking, but rates are declining and lenders are more willing to make loans that top the limits for Freddie Mac, Fannie Mae and the FHA.Phil Kelly had 18 more months to go before the fixed rate on his $2.5-million mortgage became adjustable.
Source: L.A. Times - Business | 24 Feb 2010 | 1:00 am Home prices show small gain in DecemberPrices increased 0.3% from November, according to the Standard & Poor's/Case-Shiller index. It was the seventh straight month of gains, but the improvement continues to be weak. ...Source: RSS feed - channel BNPaperBusiness | 24 Feb 2010 | 1:00 am Anthem Blue Cross plans to go ahead with rate hikes in CaliforniaExecutives at the health insurer and its parent firm, WellPoint, defend increases of as much as 39% in a hearing before an Assembly panel. The changes are slated to go into effect May 1.Executives from California health insurance giant Anthem Blue Cross, under fire for scheduled rate hikes of up to 39%, insisted Tuesday that their premiums were fair and legal, and they told lawmakers they expected that the increases would go forward.
Source: L.A. Times - Business | 24 Feb 2010 | 1:00 am Tax men strike out against McCourtsTo everyone who claims that our wealthiest citizens pay more than their fair share of income taxes and we should cut them a break because they're the ones who, you know, create jobs in our economy, I have...Source: RSS feed - channel BNPaperBusiness | 24 Feb 2010 | 1:00 am Execs can't win in testifying on Capitol HillToyota's president is likely to learn what other corporate kings have when appearing at congressional hearings. ...Source: RSS feed - channel BNPaperBusiness | 24 Feb 2010 | 1:00 am Stocks retreat after disappointing consumer reportNEW YORK -- The stock market pulled back Tuesday after a surprising drop in consumer confidence reminded investors of the fragility of the economic recovery.Source: RSS feed - channel BNPaperBusiness | 24 Feb 2010 | 1:00 am Macy's, Target and Sears post big profit gainsRetailers expect continued improvement this year amid a slow industry recovery. Three of the nation's largest...Source: RSS feed - channel BNPaperBusiness | 24 Feb 2010 | 1:00 am Yahoo, Twitter in deal to share contentThe move reflects Yahoo's deep desire to tap into the increasingly social nature of the Web. The company reached a similar agreement with social networking site Facebook in December. ...Source: RSS feed - channel BNPaperBusiness | 24 Feb 2010 | 1:00 am Disney hopes kids will take online World of Cars out for a spinThe company's latest virtual world, based on the Pixar film 'Cars,' is being tested for rollout this summer. The subscription-based online community is modeled after Disney's Club Penguin. ...Source: RSS feed - channel BNPaperBusiness | 24 Feb 2010 | 1:00 am Home prices show small gain in DecemberPrices increased 0.3% from November, according to the Standard & Poor's/Case-Shiller index. It was the seventh straight month of gains, but the improvement continues to be weak.Home prices gained for the seventh consecutive month in December, with Los Angeles and other West Coast cities posting the biggest rises, according to a closely watched index released Tuesday.
Source: L.A. Times - Business | 24 Feb 2010 | 1:00 am Disney hopes kids will take online World of Cars out for a spinThe company's latest virtual world, based on the Pixar film 'Cars,' is being tested for rollout this summer. The subscription-based online community is modeled after Disney's Club Penguin.Walt Disney Co. believes that World of Cars, its new subscription-based online community aimed at boys and based on the Pixar movie "Cars," won't get lost in the traffic of virtual worlds.
Source: L.A. Times - Business | 24 Feb 2010 | 1:00 am Yahoo, Twitter in deal to share contentThe move reflects Yahoo's deep desire to tap into the increasingly social nature of the Web. The company reached a similar agreement with social networking site Facebook in December.In a battle to woo back Web surfers who are spending more time on social networking sites, Internet portal Yahoo has clinched a deal with Twitter to share content across both properties.
Source: L.A. Times - Business | 24 Feb 2010 | 1:00 am China cuts loans to local-government fundsChina’s banking regulator reportedly orders lenders to stop granting loans to investment vehicles backed by local governments, the latest move to tighten credit standards amid mounting concerns of bad loans down the road.
Source: MarketWatch.com - Top Stories | 24 Feb 2010 | 12:33 am Brussels must act quickly and clearly in its investigation into GoogleCountless businesses now rely on internet search as a crucial way to generate revenue. Which is why the European Commission's interest in Google, which we report today, is so significant.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 Feb 2010 | 12:32 am Toyota chief faces grilling by U.S. congressTOKYO/WASHINGTON (Reuters) - Toyota Motor Corp's president braced for tough questions from a U.S. congressional panel on Wednesday after the Japanese automaker conceded it had let safety standards slip and could still not explain most incidents of unintended acceleration.
Source: Reuters: Business News | 24 Feb 2010 | 12:21 am EU plans extended maternity leaveDraft legislation is passed by a committee of the European Parliament to extend maternity leave to 20 weeks on full pay.Source: BBC News | Business | World Edition | 24 Feb 2010 | 12:14 am Toyota boss Akio Toyodo says carmaker pursued growth over safetyAkio Toyoda says pursuit of growth over saftey created the problems blamed for at least five deaths and the recall of 8.5 million cars.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 Feb 2010 | 12:04 am The Stockpickers: Cashing in on China's middle classChina's emerging urban population has more money to spend on food and entertainment. Recognizing the profit potential from that theme, mutual-fund manager Jerry Jordan poses two key questions: Where in the cycle is the demand, and how do I invest in it?
Source: MarketWatch.com - Top Stories | 23 Feb 2010 | 11:59 pm Currencies: Dollar index slips ahead of Bernanke testimonyThe U.S. dollar retreats after touching an eight-month high, as the market mulls the upcoming congressional testimony of Federal Reserve Chairman Ben Bernanke.
Source: MarketWatch.com - Top Stories | 23 Feb 2010 | 11:56 pm Why BA should seize the chance to rid itself of poisonous unionsI'm sure Willie Walsh at BA would love to take a clover leaf out of Michael O'Leary's book and simplify the airline, focusing it and making it more profitable. But it's not that simple.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Feb 2010 | 11:41 pm Market shrugs off early weakness to close upThe New Zealand sharemarket managed to turn around a weak start on the back of a weak US market to close higher on a day in which profit results were mixed.The benchmark NZX-50 index closed up 4.515 points, or 0.144 per cent,...Source: nzherald.co.nz - Business | 23 Feb 2010 | 11:35 pm Outside the Box: Gold's rally may be a short oneThe smart money remains gaga for gold, but veteran technicians eyeballing the charts think the yellow metal’s recent pop could be punctured, writes Josh Lipton.
Source: MarketWatch.com - Top Stories | 23 Feb 2010 | 11:28 pm EU inquiry points the searchlight on Google's methodsEuropean competition inquiry into Google highlights a bigger tussle with rival Microsoft.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Feb 2010 | 11:21 pm Blockbuster exploring strategies to claw back: report(Reuters) - Blockbuster Inc has hired a law firm and an investment bank to explore how the video rental firm can cut its $1 billion debt load, the Wall Street Journal reported on Wednesday.
Source: Reuters: Business News | 23 Feb 2010 | 11:12 pm NZ dollar recovers some ground after tumbleThe New Zealand dollar posted some modest gains today after tumbling on Tuesday night as investors moved away from riskier assets."The NZ dollar spent the day licking its wounds. It was obviously pummelled overnight," said Mike...Source: nzherald.co.nz - Business | 23 Feb 2010 | 10:34 pm Execs can't win in testifying on Capitol HillToyota's president is likely to learn what other corporate kings have when appearing at congressional hearings.When Akio Toyoda, president of Toyota Motor Corp., testifies Wednesday before the House's oversight committee about his company's massive recall efforts, he'll probably learn a lesson many other powerful top executives have figured out the hard way.
Source: L.A. Times - Business | 23 Feb 2010 | 10:14 pm The CARD Act Aftermath: What's Ahead (Card Sharp)With new credit-card rules in place, what will issuers do next?
Source: SmartMoney.com | 23 Feb 2010 | 10:00 pm Cheap Trick: High Fashion Aims Low (Deal of the Day)More designers are producing lower-priced lines. Where the best deals are.
Source: SmartMoney.com | 23 Feb 2010 | 10:00 pm Profiting From the Mistakes of Corporate LeadersThe perfect storm is here for distressed-investing specialist ALJ Capital.
Source: SmartMoney.com | 23 Feb 2010 | 10:00 pm CEO Interview: Sprint Nextel's Dan HesseHesse hopes a new wirelesss network can improve his firm's reputation.
Source: SmartMoney.com | 23 Feb 2010 | 10:00 pm 3 Midcap Stocks With Fast Dividend Growth (Screens)Hough: Medium-size companies that have increased shareholder payments.
Source: SmartMoney.com | 23 Feb 2010 | 10:00 pm Credit-Card Issuers' New College Strategies (Education and Your Money)To comply with the new CARD Act, issuers must rethink tactics.
Source: SmartMoney.com | 23 Feb 2010 | 10:00 pm Home affordability improves in JanuaryNew Zealand home affordability improved slightly in January after a fall in median house prices more than offset a small increase in fixed mortgage rates, Interest.co.nz's home loan affordability report shows.Affordability improved...Source: nzherald.co.nz - Business | 23 Feb 2010 | 9:30 pm Citi in advanced talks to sell hedge business: reportNEW YORK (Reuters) - New York-based SkyBridge Capital is in advanced talks to purchase Citigroup Inc's $4 billion hedge fund business, according to the Wall Street Journal.
Source: Reuters: Business News | 23 Feb 2010 | 9:24 pm SEC short-sale curb may apply to market makers: sources (Reuters)Reuters - Securities regulators are considering new short-sale restrictions with no exemptions for market makers, people familiar with the regulators' plans said on Tuesday.Source: Yahoo! News: Stock Markets News | 23 Feb 2010 | 9:23 pm SEC short-sale curb may apply to market makers: sourcesWASHINGTON (Reuters) - Securities regulators are considering new short-sale restrictions with no exemptions for market makers, people familiar with the regulators' plans said on Tuesday.
Source: Reuters: Business News | 23 Feb 2010 | 9:23 pm TVNZ six-month profit down, loss predicted for full yearTVNZ's after-tax profit for the six months to December has more than halved, and it is predicting a loss for the full year.The state-owned enterprise reported its after-tax profit for the half year to December 31 was $8.9 million,...Source: nzherald.co.nz - Business | 23 Feb 2010 | 9:04 pm Meridian Energy on track for higher annual profitState-owned Meridian Energy Ltd has reported a rise in interim profit and said it is on track to beat last year's annual underlying profit under mostly hydrology conditions.The $142.5 million net profit after tax in the six months...Source: nzherald.co.nz - Business | 23 Feb 2010 | 8:30 pm EU launches antitrust inquiry into Google 'dominance'The European Commission has launched a preliminary antitrust inquiry into Google after three companies complained that the US giant's dominant search engine penalises potential competitors and keeps advertising prices artificially high. Source: Latest Business News from Times Online | 23 Feb 2010 | 8:15 pm Sony may merge NZ, Aust operationsStaff at Sony New Zealand fear there may be job losses, with the company reorganising its operations.Sony spokesman Peter Buckton has confirmed the company is looking at amalgamating its Australia and New Zealand operations. He...Source: nzherald.co.nz - Business | 23 Feb 2010 | 7:41 pm Two big U.S. airlines open to mergerNEW YORK (Reuters) - Top executives at two of the five largest U.S. airlines said on Tuesday they are open to a merger, adding that the airline industry needs to consolidate to return to profitability.
Source: Reuters: Business News | 23 Feb 2010 | 7:36 pm Genesis Energy lifts half year net profit to $64.6mState-owned Genesis Energy lifted half year net profit to $64.6 million, compared to $48.9m a year earlier, even as it generated less electricity and prices fell.The company said additional revenue from frequency keeping - maintaining...Source: nzherald.co.nz - Business | 23 Feb 2010 | 6:30 pm Electronics could be factor in Toyotas' sudden acceleration, executive admitsTestifying before a congressional panel, the carmaker's top U.S. sales executive apologizes for a series of missteps that allowed the problem to go unchecked for years.Under relentless questioning from a congressional panel, a top Toyota executive said Tuesday that the automaker hadn't ruled out electronics as a potential cause of sudden acceleration, and conceded that fixing floor mats and sticking gas pedals would "not totally" solve the problem.
Source: L.A. Times - Business | 23 Feb 2010 | 6:30 pm A Sign Of Things To Come: Google Antitrust Issues In EuropeIf it follows the patterns of many other antitrust probes of major US tech companies by the EU, Google (GOOG) will be in for scrutiny in major countries around the world. The Wall Street Journal reports that “Google Inc. is set to announce later Tuesday that European antitrust authorities have opened a preliminary probe into complaints [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Feb 2010 | 6:28 pm Fed officials take aim at reform plansRICHMOND, Virginia (Reuters) - Federal Reserve officials criticized congressional financial reform proposals that would strip the central bank of oversight powers, saying they could weaken, not strengthen protections against a future crisis.
Source: Reuters: Business News | 23 Feb 2010 | 6:26 pm Fonterra picks higher profit, but keeps the cashFonterra says it has lifted its "distributable profit" forecast by 5c for the current 2009-2010 season to between 40c to 50c a share - but doesn't plan to pass on the extra earnings to its 10,500 farmers.Distributable profit is...Source: nzherald.co.nz - Business | 23 Feb 2010 | 6:15 pm Bank of America resisting shareholders on executive payUnlike other financial giants, the bank is working to keep investor proposals on executive compensation off the ballot.Since Brian Moynihan took over as chief executive at Bank of America Corp. at the turn of the year, he has sought to convey a flexible and cooperative attitude.
Source: L.A. Times - Business | 23 Feb 2010 | 5:46 pm Underwater Mortgages Hit 11.3 MillionThere is a reason that 702 American banks, nearly one in ten, were on the FDIC “problem list” as of the end of 2009. A large number of small and mid-sized banks are burdened with home and commercial mortgages that are in default and may even go into foreclosure. New data from First American CoreLogic shows why the solution [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Feb 2010 | 5:25 pm Google faces Brussels antitrust inquiryThe European Commission has contacted the search engine about complaints made about its search-advertising serviceSource: Financial Times - US homepage | 23 Feb 2010 | 5:24 pm Write-Offs: 02.23.10$$$ Kanjorksi: Bankers Are Like Incontinent Dogs [DI] $$$ Wall Street Career Change: "Why did cupcakes need to be magical? They're not magical for me. Where's the masculine aesthetic?" Arrick said. "We needed to butch it up, buttercup." [FINS] $$$ AIG didn't see didn't see bailout rage coming. [BW] $$$ You should play in this poker tournament. We'll be there (not participating, natch, though taking part in the drinks situation). [Caesars] 
 Source: Dealbreaker | 23 Feb 2010 | 5:15 pm Consumers 'confused by copyright'Consumers are confused by copyright laws that mean it is still illegal to copy a CD onto their computer, a watchdog says.Source: BBC News | Business | World Edition | 23 Feb 2010 | 5:01 pm Britain aims to lead Formula One from the frontTwo British world champions — Jenson Button and Lewis Hamilton — will race for a British team when the new Formula One season starts in two weeks. This “dream team” combination confirms that in motor sport, Britain is a world power. Source: Latest Business News from Times Online | 23 Feb 2010 | 5:01 pm 3i drops healthcare float and sells Ambea stake insteadBritain’s oldest private equity house raised €850 million (£745 million) from the sale of its stake in a Scandinavian healthcare group yesterday as it continued to repair its battered balance sheet. Source: Latest Business News from Times Online | 23 Feb 2010 | 5:01 pm Sterling sinks as King talks of releasing more moneySterling fell sharply on foreign exchanges yesterday after Mervyn King, the Governor of the Bank of England, warned again that it may be necessary to extend the Bank’s asset purchase programme. Source: Latest Business News from Times Online | 23 Feb 2010 | 5:01 pm Santander gives first-time buyers new hopeSantander will today open its doors to first-time buyers of new-build property for the first time since the banking crisis began. Source: Latest Business News from Times Online | 23 Feb 2010 | 5:01 pm And you thought being a maths geek was going to be boring . . .When Avatar, the blockbuster 3D film, won Baftas for special visual effects and production design on Sunday, a group of British animators felt justifiably proud. Source: Latest Business News from Times Online | 23 Feb 2010 | 5:01 pm Drax outlines its ambition for future without coalIt may be Europe’s biggest coal-fired power station, but Drax’s management is already mapping out a future without coal. Source: Latest Business News from Times Online | 23 Feb 2010 | 5:01 pm Commerce Commission prepares for M & A surgeThe Commerce Commission is preparing for an inflow of merger applications this year as firms that survived the worst recession in 18 years move to strengthen their position as the economy gradually recovers.Chairman Mark Berry...Source: nzherald.co.nz - Business | 23 Feb 2010 | 5:00 pm Obama urges action on health insurersBarack Obama encouraged Congress to strip health insurance companies of their federal antitrust exemption, part of his efforts to increase competition and lower costs in the healthcare industrySource: Financial Times - US homepage | 23 Feb 2010 | 4:51 pm Home Depot, Office Depot, Target are big movers (AP)AP - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:Source: Yahoo! News: Stock Markets News | 23 Feb 2010 | 4:46 pm Boss says Toyota 'grew too fast'The boss of Toyota admits the firm's rapid expansion may have led to safety issues which saw 8.5 million vehicles recalled.Source: BBC News | Business | World Edition | 23 Feb 2010 | 4:24 pm Wall Street bonuses shoot up 17 percent in 2009 (AP)
Source: Yahoo! News: Stock Markets News | 23 Feb 2010 | 4:24 pm NZ sharemarket falls earlyThe New Zealand sharemarket fell in early trading in the wake of falling share prices across the globe as a drop in United States consumer confidence and house prices suggested the economy was still fragile, while German business...Source: nzherald.co.nz - Business | 23 Feb 2010 | 4:07 pm Podcast: Why Greece Matters
A labor group blockades the Athens stock market to protest government austerity measures. (Petros Giannakouris/AP) On today's Planet Money: Greece is scrambling to get its national debt under control. Investors are already nervous. So what would happen if Greece actually defaulted-- if it simply stopped making payments on its bonds? Investors would go beyond nervous. They might even panic. Particularly because Greece isn't alone among European countries when it comes to being heavily indebted. Investors would start demanding higher interest rates on bonds sold by countries like Spain, Italy and Portugal. And then they, in turn, could default. At least, that's what Ken Rogoff, Harvard prof and former chief economist at the IMF, says in today's podcast. His description reminded us of what happened after Lehman Brothers went bankrupt; panic ensued, and a bunch of other big companies fell apart. So if push comes to shove, will Greece be like Bear Stearns -- saved from default at the last minute -- or like Lehman Brothers? Download the podcast; or subscribe. Music: Depeche Mode's "Shake the Disease." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 23 Feb 2010 | 4:06 pm Bernanke v. Congress: A Viewer's Guide
(Jose Luis Magana/AP) By Jacob Goldstein Ben Bernanke has a Capitol Hill double-header this week: He's talking to the House tomorrow, the Senate Thursday. It's the regular trip he takes twice a year to testify about monetary policy, and the fallout from the financial crisis means he's likely to get grilled. To learn more about what to listen for, I checked in with Planet Money's Adam Davidson, who's in Washington this week. He'll be talking about Bernanke and Congress on Friday's Morning Edition, and he explained how the hearings are likely to play out:
Unemployment is still high. Inflation is low. That's a classic recipe for low interest rates, and Bernanke's likely to assure the world that rates aren't going up anytime soon. (More on that from Bloomberg.) So if you're watching from the corner bar (what, your bar doesn't show C-SPAN?), you might consider challenging your buddy to take a drink every time Bernanke says "for an extended period." As in: "economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period." Wednesday's hearing is at 10 a.m. Eastern. Watch it online and see if Adam's predictions come true. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 23 Feb 2010 | 4:05 pm Good job, lousy coworkersThese CNNMoney.com readers said they just didn't fit in with the workplace culture and their cliquey colleagues.Source: Business and financial news - CNNMoney.com | 23 Feb 2010 | 4:04 pm ABC News to cut 300 positionsABC News is expected to cut roughly 20% of its staff, the company said Tuesday.Source: Business and financial news - CNNMoney.com | 23 Feb 2010 | 4:00 pm How the major stock indexes fared on Tuesday (AP)AP - The stock market fell sharply Tuesday after a surprising drop in consumer confidence reminded investors of the fragility of the economic recovery. The Dow Jones industrials fell 100 points. Interest rates also fell in the bond market as investors moved money out of stocks and into the safety of Treasurys.Source: Yahoo! News: Stock Markets News | 23 Feb 2010 | 3:56 pm J.M. Smucker, Walgreen, Rite Aid, YRC, Greek Debt: Taking StockSource: Bloomberg - All Podcasts | 23 Feb 2010 | 3:56 pm Stocks retreat after disappointing consumer report (AP)
Source: Yahoo! News: Stock Markets News | 23 Feb 2010 | 3:40 pm Wall Street drops along with consumer confidence (Reuters)
Source: Yahoo! News: Stock Markets News | 23 Feb 2010 | 3:01 pm Sagging investor, consumer confidence hurt stocks (AP)AP - WHY DID CONSUMER CONFIDENCE HURT STOCKS: It wasn't just the big, unexpected drop. The number was the latest in a string of bad news on consumers.Source: Yahoo! News: Stock Markets News | 23 Feb 2010 | 2:58 pm Carl Icahn And Donald Trump Rumble In AC
Source: Dealbreaker | 23 Feb 2010 | 2:54 pm The Long Kiss Good Night: Erin Callan Takes Final Bow
Source: Dealbreaker | 23 Feb 2010 | 2:32 pm BofA: Dilution Before Dishonor (BAC)Bank of America Corp. (NYSE:BAC) holders decided that swallowing more dilution was preferable to having Uncle Sam as a business partner. After all, it is easier to have a little less than to have every politician from local levels to the administration calling the fiduciaries in charge of running your company by the term ‘fat cats’ [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Feb 2010 | 1:42 pm Weather helps freeze global recoveryRaft of negative data in the US and Europe confounds analysts’ predictionsSource: Financial Times - US homepage | 23 Feb 2010 | 1:33 pm Alan Greenspan's Latest Achievement
Source: Dealbreaker | 23 Feb 2010 | 1:09 pm Number of US ‘problem’ banks soarsThe number of problem US banks continued to soar in the fourth quarter, hitting the highest level since 1993, according to a new regulatory reportSource: Financial Times - US homepage | 23 Feb 2010 | 12:46 pm Calpine Raised to `Buy' at UBS: AudioSource: Bloomberg - All Podcasts | 23 Feb 2010 | 12:42 pm Fears rise for dollar carry trade futureInvestors are fearful the dollar carry trade is unwinding, particularly now that the currency is strengthening after a prolonged period of weaknessSource: Financial Times - US homepage | 23 Feb 2010 | 12:14 pm Fritz Henderson Rejoins The WorkforceYou can't take the pressure at your job, you're tired of getting kicked in the nuts and blamed for everything's that's wrong in the world. You need some lovin' and can't seem to get it anywhere. You''re completely burned out. Where to turn? If you're Fritz Henderson, you go crawling back from whence you came. Only this time, you play hard ball, and you do it on your terms. That's how the former GM CEO, who resigned in December after eight months on the job, is doing it. He's back, baby, but now as a "consultant" for GM, in a gig that pays about $59,000 per month, for 20 hours- or about $3000 an hour.
Source: Dealbreaker | 23 Feb 2010 | 11:32 am Serena Williams Of P.E. World Rings In 63rd Birthday On The Court
Source: Dealbreaker | 23 Feb 2010 | 11:15 am Business and the Real Time Web
This is a guest post by Sency’s Evan Britton. Many new technologies have launched over the past 5 years to improve the search engine experience. None of the new technologies were able to offer something both new and useful, however. For a while, a new way to search never caught on. Then the real time web came along. It is different, and has spawned on a handful of new companies and technologies. When you search a real time search engine, you are able to see what people are saying right now. You can see the public’s thoughts in respect to any given keyword, a useful ability. These can be great searches for perform for business purposes as well, as you can get a glimpse into what the public is saying about a particular product or service. A prime example is a sports fan-oriented business, which uses real time search to see what people are saying about a given team or player during a big game. Every day, real time search results change, so a search for a keyword today will reveal entirely different results compared to a similar search the following day. In addition a new and exciting way to search, the real time web brings tons of tools to webmasters and bloggers. This article highlights 7 free real time web tools for publishers. By implementing these tools, you will end up adding value to your website while making your pages more sticky. These tools will allow you to have fresh, automatically updates, content and resources in your given niche. And, as time passes by, more and more companies will be developing these types of tools giving webmasters more options and tools to choose from. While the real time web opens doors for webmasters, it also can be of use to small businesses. A real time search engine can be a great monitoring/tracking tool for businesses. If you’re running an ad campaign, or launching a new product, a real time search engine will give you a window into customer’s thoughts and opinions. Also, these customers will be talking to their friends and colleagues, so their opinions are usually natural and unbiased. This is invaluable data. It can be gathered for free via Sency or any other real time search engine. In addition to data, real time tools can be implemented into business websites. For example, if your company uses Twitter for updates, you can implement a script that will automatically update your Tweets on your site. These types of tools will boost retention while giving your site an added resource.
Source: Business Pundit | 23 Feb 2010 | 11:15 am Google: Ahead of the Curve or Losing its Way?This is a guest post by Wall St. Cheat Sheet’s Damien Hoffman.
Earlier this month, Google announced a new broadband initiative. A few days earlier, they announced a rumored Twitter killer. Months ago, it was Google Wave. Is all this entrepreneurial zest a sign Google is a leader? Or, is the search/ad giant losing focus? Google is smart to attempt to enhance email with Wave or mass text messaging with Buzz. They are smart to expand web services and software which compliment search and advertising. They are also smart to stake their claim in the white hot mobile world. Broadband is a completely different story. As Warren Buffett notes, these types of businesses are extremely cyclical and have low returns on equity. The hardware game is a perpetual horse race requiring tons of capital to simply stay in the race against competitors. For example, Google currently sports a 20.3% return on equity and 27.57% profit margins, while top telecom company Verizon returns 8.77% on equity and has 3.39% profit margins. I understand Google is tired of waiting for telecoms to deliver better web speed. The way telecom giants boasted in 1999, I thought we’d have ESP by 2010. But managing manual labor crews digging up streets, repair technicians riding around in trucks, and an endless staff of customer service reps dealing with pissed customers is an entirely different ballgame than keeping quantitative geniuses motivated at computer screens and letting software addicts help each other in help forums. Wave and Buzz have flopped so far. Rather than spend time and money on entering the capital intensive and risky broadband sector, maybe Google should spend more time perfecting some of the high potential “Lab” products they have introduced. Maybe they should have considered buying Twitter rather than spending countless hours in strategy sessions about lobbying the FCC. Unless the government is heavily subsidizing Google’s broadband “experiment,” I would be weary of investing in Google until seeing how all this shakes out at the financial bottom line. Awkward moves outside core competencies tend to haunt companies more than they end up helping. Either way, in a few years we can Google the answer. Disclosure: No position in GOOG.
Source: Business Pundit | 23 Feb 2010 | 10:52 am Pop music misses recessionary notesBillboard.com news editor David Prince talks with Kai Ryssdal about why popular music has turned a blind eye to the recession.Source: Marketplace | 23 Feb 2010 | 10:51 am A new prescription for marketing drugsA number of states have started programs using drug companies' sales strategies to bring doctors a different message about what medications they should prescribe. Gregory Warner reports.Source: Marketplace | 23 Feb 2010 | 10:51 am Cases galvanize libel reform movementSome libel cases in the U.K. have generated lots of controversy, and reactions that have sprung up as a result could have international impact. Rico Gagliano reports.Source: Marketplace | 23 Feb 2010 | 10:51 am Intel aims to create more jobsIntel CEO Paul Otellini talks with Kai Ryssdal about why his company is investing $3.5 billion in U.S. tech companies and how it plans to put more college graduates to work.Source: Marketplace | 23 Feb 2010 | 10:51 am Why gov't regulators seem unpreparedThe global financial crisis and Toyota's current mess have something in common -- government watchdogs didn't fully understand the complex systems they were supposed to be regulating. Bob Moon reports.Source: Marketplace | 23 Feb 2010 | 10:50 am Why did consumer confidence drop?The Conference Board said its Consumer Confidence Index fell almost 11 points in February. But consumers, and that number, can be a little fickle. Alisa Roth reports.Source: Marketplace | 23 Feb 2010 | 10:50 am Housing market psychology still fragileThe latest report from the Case Schiller Index says home prices in 20 big metro areas fell 0.2% in December. But the index is up by 0.3% when adjusted for the time of year. What do these numbers indicate? Mitchell Hartman reports.Source: Marketplace | 23 Feb 2010 | 10:49 am Takai Sees Palladium Rising to $600 an Ounce: AudioSource: Bloomberg - All Podcasts | 23 Feb 2010 | 10:38 am Sixty-One Percent Of Unemployed Not Hopeful About Finding WorkIn another blow to the notion that unemployment will improve, those with their feet on the streets looking for jobs are remarkably pessimistic about their prospects. A new Gallup poll shows that 61% of those surveyed are “not hopeful” about finding a job in the next four weeks. The survey was done by interviews with 4,000 [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Feb 2010 | 10:23 am Jamie D's Dinner Date
Source: Dealbreaker | 23 Feb 2010 | 10:09 am US unveils glazed, ‘green’ cube embassyPhiladelphia-based architects Kieran Timberlake have won the competition to build a new US Embassy in London’s Nine Elms district, with a design that concentrates on environmental issuesSource: Financial Times - US homepage | 23 Feb 2010 | 10:01 am Job Of The Week: Pirate-Obsessed Hedge Fund Manager Wants You To Swab His Deck
Source: Dealbreaker | 23 Feb 2010 | 9:45 am Presented By:Source: Dealbreaker | 23 Feb 2010 | 9:45 am The Good, the Bad, and the Ugly of ObamaCareBy Max Fisher, The Atlantic Wire President Obama unveiled his health care reform plan Monday morning. Forged as a compromise between the Senate and the House, and to a lesser extent between Democrats and Republicans, it will be debated at Thursday’s bipartisan summit. We explored the mostly-positive reaction to one high-profile proposal for insurance regulation. Here [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Feb 2010 | 9:07 am It Was a Good Decade for Home Prices. Really.By Jacob Goldstein Sure, there was a lot of sound (the housing bubble grows) and fury (the bubble pops) in the last decade. But numbers released this morning show that home prices rose by 46% between January 2000 and December 2009. That's way above the rate of inflation. So odds are if you bought a house at the beginning of the decade and sold it at the end of the decade, you made money. That's a big deal, given how many people (who don't wind up as anecdotes in news stories) buy a house and live in it for 10, or 20, or 30 years. Still, given the housing market's central place in the economy, the short term is important, too. So we'll mention here that the Case-Shiller 20-city home price index is down 30% from the peak of the bubble in May 2006, but up 3% from its bottom in May, according to the AP. Prices in the last three months of 2009 were lower than in the last three months of 2008, but the rate of decline is slowing, the WSJ notes. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 23 Feb 2010 | 8:46 am Ask Warren Anything
Source: Dealbreaker | 23 Feb 2010 | 8:35 am Crumbling Consumer ConfidenceIt is possible to see both clear gains in economic statistics and very clear destruction in the economic statistics. Today’s consumer confidence reading was a major erosion and far worse than expectations. The reading for February’s consumer confidence fell all the way down to 46.0 from 56.5 in January. Bloomberg was expecting a mere drop [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Feb 2010 | 8:09 am Hummer deal faces Beijing hurdleGeneral Motors’ deal to sell its troubled Hummer brand to a Chinese company faces possible collapse after the buyer struggles to secure approval for the purchase from BeijingSource: Financial Times - US homepage | 23 Feb 2010 | 7:37 am Schwab Exchange Identity Crisis (SCHW)Charles Schwab Corp. (NASDAQ: SCHW) is changing its listing from the NASDAQ to the New York Stock Exchange. Technically, this is either again or back to it. The company said that it expects to begin trading on the NYSE on March 5, 2010 under the same “SCHW” stock ticker and it will remain on NASDAQ [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Feb 2010 | 7:29 am Wardell on Oil, Wheeldon, Marta on Stocks: First WordSource: Bloomberg - All Podcasts | 23 Feb 2010 | 7:22 am Why Having Your Mom on Facebook is Dangerous
Source: Business Pundit | 23 Feb 2010 | 5:10 am
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