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Iris scans may prevent mistaken release of inmatesJails across the country are installing eye-scanning equipment to make sure inmates can't bluff their way to freedom. The U.S. Department of Justice has given $500,000 to the National...Source: RSS feed - channel BNewsBusiness | 27 Feb 2010 | 1:31 am SeaWorld set for 1st show after trainer's deathThrongs of people will crowd the crescent-shaped SeaWorld amphitheater Saturday to watch the first killer whale show since an orca named Tilikum killed a trainer a few days ago. This...Source: RSS feed - channel BNewsBusiness | 27 Feb 2010 | 1:06 am 3-D TV is no longer just a visionThe first sets quietly go on sale at Amazon.com. All viewers need now is some content.The most-hyped home electronics product in years -- 3-D TV -- has arrived. Quietly.
Source: L.A. Times - Business | 27 Feb 2010 | 1:00 am Many borrowers in default stay put as lenders delay evictionsDespite being months behind, many strapped residents are hanging on to their homes, essentially living rent-free. Pressure on banks to modify loans and a glut of inventory are driving the trend.It's been 16 months since Eugene and Patricia Harrison last paid the mortgage on their Perris home. Eleven months since the notice got slapped on their front door, warning that it would be sold at auction.
Source: L.A. Times - Business | 27 Feb 2010 | 1:00 am Home resales drop for second consecutive monthIn January, 7.2% fewer previously owned homes sold in January than December, which was down from November, the National Assn. of Realtors reports.If you're still having trouble selling your house, you're not alone.
Source: L.A. Times - Business | 27 Feb 2010 | 1:00 am Agribusiness exec pleads not guilty in tomato racketeering caseFormer SK Foods owner Frederick Scott Salyer is accused of paying more than $330,000 in bribes to get corporate customers to sell his products. He remains in federal detention without bail.Former SK Foods owner Frederick Scott Salyer pleaded not guilty Friday to federal racketeering and corruption charges for allegedly directing a decade-long scheme to quash competition, pay bribes and sell tomato products at inflated prices.
Source: L.A. Times - Business | 27 Feb 2010 | 1:00 am 'Confucius' a snooze for Chinese audiencesFilm buffs balk at being force-fed a biography about the ancient wise man while access to the prodigiously popular 'Avatar' is curtailed.It was supposed to be the patriotic holiday hit. "Confucius," the government-backed bio-epic about the ancient philosopher, was tailor-made to stir national pride over Chinese New Year.
Source: L.A. Times - Business | 27 Feb 2010 | 1:00 am Los Angeles International is rated one of the nation's worst airports for customer satisfactionIn a J.D. Power survey, passengers gave LAX below-average marks on accessibility, including parking, ease of checking in and the amount of time it took to get through security.Although the nation's major airlines continue to boast improved on-time arrival rates and less lost luggage, air travelers are still unhappy with America's airports. And Los Angeles International Airport is rated among the worst.
Source: L.A. Times - Business | 27 Feb 2010 | 1:00 am Business BriefingCOMPENSATIONSource: RSS feed - channel BNPaperBusiness | 27 Feb 2010 | 1:00 am Carl's Jr. and Hardee's parent company CKE agrees to buyoutPrivate equity firm Thomas H. Lee Partners offers to pay $619 million in cash and assume about $309 million in debt. But CKE also says it will accept competing bids through April 6.The parent company of the Carl's Jr. hamburger chain got a juicy buyout offer -- but it may not be nourishing enough for shareholders.
Source: L.A. Times - Business | 27 Feb 2010 | 1:00 am U.S. is cast as villain in JapanSome believe Toyota is being treated unfairly by regulators and lawmakers.A series of aggressive federal probes into the recalls of Toyota autos are looking at whether the automaker has been less than forthcoming about the safety defects in some of its vehicles.
Source: L.A. Times - Business | 27 Feb 2010 | 1:00 am Business BriefingEx-BofA chief gets only perks
Source: L.A. Times - Business | 27 Feb 2010 | 1:00 am Toyota 'deliberately withheld' evidence in safety lawsuits, House panel saysMemos from a former Toyota lawyer describe failure to produce evidence in vehicle rollover lawsuits, says the chairman of the House Oversight and Government Reform Committee.Toyota Motor Corp. "deliberately withheld" evidence in lawsuits related to vehicle safety, exhibiting a "systematic disregard for the law," the chairman of a congressional committee said.
Source: L.A. Times - Business | 27 Feb 2010 | 1:00 am Agribusiness exec pleads not guilty in tomato racketeering caseFormer SK Foods owner Frederick Scott Salyer is accused of paying more than $330,000 in bribes to get corporate customers to sell his products. He remains in federal detention without bail. ...Source: RSS feed - channel BNPaperBusiness | 27 Feb 2010 | 1:00 am Carl's Jr. and Hardee's parent company CKE agrees to buyoutPrivate equity firm Thomas H. Lee Partners offers to pay $619 million in cash and assume about $309 million in debt. But CKE also says it will accept competing bids through April 6. ...Source: RSS feed - channel BNPaperBusiness | 27 Feb 2010 | 1:00 am Los Angeles International is rated one of the nation's worst airports for customer satisfactionIn a J.D. Power survey, passengers gave LAX below-average marks on accessibility, including parking, ease of checking in and the amount of time it took to get through security. ...Source: RSS feed - channel BNPaperBusiness | 27 Feb 2010 | 1:00 am 'Confucius' a snooze for Chinese audiencesFilm buffs balk at being force-fed a biography about the ancient wise man while access to the prodigiously popular 'Avatar' is curtailed. ...Source: RSS feed - channel BNPaperBusiness | 27 Feb 2010 | 1:00 am Home resales drop for second consecutive monthIn January, 7.2% fewer previously owned homes sold in January than December, which was down from November, the National Assn. of Realtors reports. ...Source: RSS feed - channel BNPaperBusiness | 27 Feb 2010 | 1:00 am U.S. is cast as villain in JapanSome believe Toyota is being treated unfairly by regulators and lawmakers. A series of aggressive federal probes...Source: RSS feed - channel BNPaperBusiness | 27 Feb 2010 | 1:00 am Lenders are delaying evictionsMany people stay in their homes despite defaulting on their mortgages, essentially living rent-free. Government pressure on banks to modify loans and a glut of inventory are driving the trend. ...Source: RSS feed - channel BNPaperBusiness | 27 Feb 2010 | 1:00 am Toyota 'deliberately withheld' evidence in safety lawsuits, House panel saysMemos from a former Toyota lawyer describe failure to produce evidence in vehicle rollover lawsuits, says the chairman of the House Oversight and Government Reform Committee. ...Source: RSS feed - channel BNPaperBusiness | 27 Feb 2010 | 1:00 am 3-D TV is no longer just a visionThe first sets quietly go on sale at Amazon.com. All viewers need now is some content. The most-hyped home electronics...Source: RSS feed - channel BNPaperBusiness | 27 Feb 2010 | 1:00 am Kohl critical of NBC online Olympic coverage (AP)AP - A Democratic senator criticized NBC on Friday for its handling of online access to the Vancouver Olympics, calling it unfair and restrictive.Source: Yahoo! News: Business News | 26 Feb 2010 | 11:35 pm First North American Kia plant opens in Georgia (AP)AP - Gov. Sonny Perdue joined Korean and American dignitaries in celebrating the opening of Kia's first North American manufacturing facility in west Georgia Friday.Source: Yahoo! News: Business News | 26 Feb 2010 | 11:34 pm Report: Key senators would nix 'cap and trade' (AP)
Source: Yahoo! News: Business News | 26 Feb 2010 | 11:32 pm Credit claims firm investigatedOne of the biggest credit agreement claims management companies in the UK is under investigation, the BBC learns.Source: BBC News | Business | World Edition | 26 Feb 2010 | 10:45 pm AIG's Nan Shan buyer plans loan, 7.1 bln in optionsHONG KONG, Feb 27 (Reuters) - China Strategic Holdings Ltd , the company involved in the purchase of AIG's Taiwan life insurance group, plans to offer a $682 million loan for the deal and grant 7.1 billion...Source: RSS feed - channel BNewsBusiness | 26 Feb 2010 | 10:28 pm Report: Key senators would nix 'cap and trade'Three key senators are writing a new climate bill without a broad "cap-and-trade" approach to reducing carbon pollution, leaving behind what has been the central feature in the debate over...Source: RSS feed - channel BNewsBusiness | 26 Feb 2010 | 9:55 pm For sale: a newspaper in paradiseHonolulu barely escaped becoming a one-newspaper town about a decade ago. Many believe the death of one its two dailies is inevitable this time around. The parent company of the HonoluluSource: RSS feed - channel BNewsBusiness | 26 Feb 2010 | 9:40 pm Payrolls, ISM may steer stocks (Reuters)Reuters - Payrolls could give the U.S. stock market some direction next week as investors comb through the key report on one of the economy's weakest areas.Source: Yahoo! News: Stock Markets News | 26 Feb 2010 | 8:24 pm Payrolls, ISM may steer stocksNEW YORK (Reuters) - Payrolls could give the U.S. stock market some direction next week as investors comb through the key report on one of the economy's weakest areas.
Source: Reuters: Business News | 26 Feb 2010 | 8:24 pm Payrolls, ISM may steer stocksNEW YORK (Reuters) - Payrolls could give the U.S. stock market some direction next week as investors comb through the key report on one of the economy's weakest areas.Source: RSS feed - channel BNewsBusiness | 26 Feb 2010 | 8:24 pm Sen Dodd's bank super-cop may be doomed: sourceWASHINGTON (Reuters) - A bold proposal by Senate Banking Committee Chairman Christopher Dodd to set up a single supervisor for U.S. banks looks doomed, said a source familiar with Senate committee discussions on Friday.
Source: Reuters: Business News | 26 Feb 2010 | 8:23 pm Al Lewis: Tales from the Toyota hearingsOne of the strangest things about some Toyota crash victims is how they find time for phone calls, writes Al Lewis.
Source: MarketWatch.com - Top Stories | 26 Feb 2010 | 7:51 pm First North American Kia plant opens in GeorgiaGov. Sonny Perdue joined Korean and American dignitaries in celebrating the opening of Kia's first North American manufacturing facility in west Georgia Friday. "This is a momentous day...Source: RSS feed - channel BNewsBusiness | 26 Feb 2010 | 7:33 pm FDIC shuts down banks in Nevada and Washington (AP)AP - Regulators shut down banks in Nevada and Washington on Friday, marking the 21st and 22nd failures this year of federally insured banks.Source: Yahoo! News: Business News | 26 Feb 2010 | 7:28 pm FDIC shuts down banks in Nevada and WashingtonRegulators have shut down banks in Washington and Nevada, marking the 21st and 22nd failures this year of federally insured banks. The Federal Deposit Insurance Corp. was appointed...Source: RSS feed - channel BNewsBusiness | 26 Feb 2010 | 7:25 pm Senator Dodd's bank super-cop may be dead: sourceWASHINGTON (Reuters) - A proposal for a single bank supervision agency drawn up by the Senate's chief architect of financial reform looks unlikely to survive negotiations over a landmark...Source: RSS feed - channel BNewsBusiness | 26 Feb 2010 | 7:22 pm FDIC shuts bank in Nevada for year's 21st closureRegulators shut down Carson River Community Bank in Nevada on Friday, marking the 21st failure this year of a federally insured bank. The Federal Deposit Insurance Corp. was appointed...Source: RSS feed - channel BNewsBusiness | 26 Feb 2010 | 6:36 pm Fed may not lose bank supervision role: DoddWASHINGTON (Reuters) - The Senate's chief architect of financial regulation reform said on Friday the Federal Reserve may "not necessarily" lose its authority to supervise banks, signaling a potential shift in his thinking.
Source: Reuters: Business News | 26 Feb 2010 | 6:19 pm Weekend Investor: These new products could make tech investors moneyLike the fashion industry and Hollywood, the technology sector relies on new products to create a buzz and boost company sales and earnings.With that in mind, here are four new products that could make or break their companies' shares.
Source: MarketWatch.com - Top Stories | 26 Feb 2010 | 6:03 pm Greek PM meets Deutsche Bank chief on crisis (AP)
Source: Yahoo! News: Business News | 26 Feb 2010 | 5:57 pm Investment Advice, YRC Worldwide, Restaurants: Taking StockSource: Bloomberg - All Podcasts | 26 Feb 2010 | 5:49 pm Lawmaker: Toyota withheld crash lawsuit evidence (AP)
Source: Yahoo! News: Business News | 26 Feb 2010 | 5:45 pm Henley Smith Discusses Fixed-Income ETF Cost: AudioSource: Bloomberg - All Podcasts | 26 Feb 2010 | 5:43 pm AstraZeneca Raised to `Neutral' at Goldman Sachs: AudioSource: Bloomberg - All Podcasts | 26 Feb 2010 | 5:41 pm 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 | 26 Feb 2010 | 5:31 pm Citi, BofA pay banking heads more than CEOsNEW YORK (Reuters) - For executives at Bank of America Corp and Citigroup Inc, it pays to be just below the top.
Source: Reuters: Business News | 26 Feb 2010 | 5:28 pm Midwest home sales figures reveal mixed picture (AP)AP - In the Midwest, January home sales plummeted 37 percent from December's figure, but sales were still up nearly 4 percent over the previous year, according to figures released Friday by the National Association of Realtors.Source: Yahoo! News: Business News | 26 Feb 2010 | 5:27 pm Tiger Woods dropped by GatoradeDrinks firm Gatorade ends deal with Tiger Woods in the wake of the golfer's admission of extra-marital affairs.Source: BBC News | Business | World Edition | 26 Feb 2010 | 5:06 pm Pension fund worry for UK firmsThe collapse of Reader's Digest in the UK has reignited fears about the safety of pensions for millions on schemes with big deficits.Source: BBC News | Business | World Edition | 26 Feb 2010 | 5:04 pm The Fed: Some Fed officials worried about new powersNEW YORK (MarketWatch) - While recent reports suggest that the Federal Reserve may be winning the political turf-battle to become the primary regulator of the country's largest financial firms, the pressure on the central bank by the industry would substantially increase if it happens, according to officials at a Fed conference Friday.
Source: MarketWatch.com - Top Stories | 26 Feb 2010 | 5:03 pm Recession and tighter public spending are good news for SercoSerco demonstrated yesterday that the recession and tighter public spending limits can be good for business. The support services group, which operates the Docklands Light Railway in East London, runs prisons and handles air traffic, reported a 30 per cent rise in pre-tax profits. Source: Latest Business News from Times Online | 26 Feb 2010 | 5:01 pm Lloyds still reeling under HBOS bad debtsLloyds Banking Group continued to suffer the pain of its controversial acquisition of HBOS, notching up £24 billion in bad debts in 2009, but it said that the picture was improving. Source: Latest Business News from Times Online | 26 Feb 2010 | 5:01 pm Britain’s biggest just got bigger because everybody wants a smarter mobile phoneO2 reinforced its position as Britain’s biggest mobile phone company yesterday when it reported a healthy Christmas quarter, adding 338,500 new customers in the last three months of last year as well as 63,000 broadband users. Source: Latest Business News from Times Online | 26 Feb 2010 | 5:01 pm Lenders shy back as Greece makes €5bn cash callDoubts surfaced yesterday about the willingness of the financial markets to take up a multibillion-euro bond issue by Greece as Germany’s top banker met the Greek Prime Minister in Athens. Source: Latest Business News from Times Online | 26 Feb 2010 | 5:01 pm Plans for new intercity fleet hit the buffersPlans for a new fleet of intercity express trains that would provide 21st-century travel for rail passengers, as well as safeguard and create up to 12,500 jobs, have fallen apart amid acrimony. Source: Latest Business News from Times Online | 26 Feb 2010 | 5:01 pm Business big shot of the week: Akio Toyoda of ToyotaWhen Akio Toyoda told his inquisitors last week that “my family name is on every car”, it may have been an evocative line but it was not strictly true. And this was hardly the time to be loose with the details. Source: Latest Business News from Times Online | 26 Feb 2010 | 5:01 pm It is flawless, 507.5 carats and sold for £23mThis is a bauble that even a banker with an intact bonus would struggle to buy — the 507.5 carat, flawless white-coloured Cullinan Heritage Diamond, which was sold to a Chinese buyer yesterday for $35.3 million ($£23 million). Source: Latest Business News from Times Online | 26 Feb 2010 | 5:01 pm Bewildering flights of fancyBritish people and firms were defaulting, welching and plain embezzling on an industrial scale last year, it seems. The standout figure in the Lloyds Banking Group results yesterday was the £24,000 million of loans the bank judged it will never get back from customers. Source: Latest Business News from Times Online | 26 Feb 2010 | 5:01 pm William Hill puts its bets on a World Cup windfallThe World Cup in South Africa will be the “event of the century” for the betting industry, according to the chief executive of William Hill. Source: Latest Business News from Times Online | 26 Feb 2010 | 5:01 pm US economy gains speed but economists say boost may not lastThe economy of the United States expanded more vigorously than previously thought in the fourth quarter of 2009, showing its biggest rise in six years. But economists warned that the boost to growth may fade during this year as the effects of the Government’s stimulus wear off. Source: Latest Business News from Times Online | 26 Feb 2010 | 5:01 pm Top Ten: MarketWatch's top stories of the weekU.S. stocks ended the day pretty much flat and the week with small declines. Investors seemed unable to make up their minds about the news, first driving stocks one way, then the other as the week progressed.
Source: MarketWatch.com - Top Stories | 26 Feb 2010 | 5:00 pm 'Clean city' backers have no illusionsSAN FRANCISCO (MarketWatch) -- Backers of a proposed city to be powered exclusively by alternative sources of energy harbor no fantasies about what it’s going to take to realize their vision.
Source: MarketWatch.com - Top Stories | 26 Feb 2010 | 4:54 pm Latin American Markets: Mexico stocks slip but end with 4% monthly advanceMexican stocks end slightly lower Friday, with Televisa among decliners following the broadcaster's quarterly results.
Source: MarketWatch.com - Top Stories | 26 Feb 2010 | 4:51 pm Google taken to task over its objectivityBrussels looks at whether the internet group uses its position to stifle competitionSource: Financial Times - US homepage | 26 Feb 2010 | 4:43 pm Stocks to Watch: Stocks in focus for MondayAmong the companies whose shares are expected to see active trading in Monday's session are El Paso, McDermott and Dish Network.
Source: MarketWatch.com - Top Stories | 26 Feb 2010 | 4:43 pm Toyota's U.S. market share breaks downFebruary sales in U.S. expected to show 14.2% decrease.
Source: MarketWatch.com - Top Stories | 26 Feb 2010 | 4:40 pm Banker's bonusesWould they really refuse to work without one?Source: BBC News | Business | World Edition | 26 Feb 2010 | 4:37 pm Fannie to U.S.: We need another $15.3 billionBattered by the housing crisis, mortgage finance company Fannie Mae said Friday that it needs another $15.3 billion in bailout money from the federal government.Source: Business and financial news - CNNMoney.com | 26 Feb 2010 | 4:36 pm Jobless benefits start ending on SundayDepending on extended unemployment benefits to see you through the Great Recession?Source: Business and financial news - CNNMoney.com | 26 Feb 2010 | 4:36 pm Gatorade drops sponsorship of Tiger WoodsPepsiCo's Gatorade said Friday that it has ended its business relationship with Tiger Woods.Source: Business and financial news - CNNMoney.com | 26 Feb 2010 | 4:34 pm US forces aim to wrest back KandaharUS forces are planning a new offensive to wrest control of Kandahar, a senior official says, on the same day as attacks in central Kabul kill 17 people, including nine IndiansSource: Financial Times - US homepage | 26 Feb 2010 | 4:27 pm Fannie Mae seeks $15.3B in gov't aid after 4Q loss (AP)AP - Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.Source: Yahoo! News: Business News | 26 Feb 2010 | 4:23 pm Microsoft already funding Yahoo search serviceMicrosoft Corp. is already funding Yahoo Inc.'s Internet search service as part of the companies' recently-sealed partnership, according to a regulatory filing.
Source: MarketWatch.com - Top Stories | 26 Feb 2010 | 4:20 pm James River Coal 4th-quarter loss narrows (AP)AP - Coal mining company James River Coal Co. said Friday that its fourth-quarter loss narrowed, but the company said its results were hurt by lower rates of production at its mines.Source: Yahoo! News: Business News | 26 Feb 2010 | 4:12 pm Paterson quits race for NY governorDavid Paterson, New York’s Democratic governor, ended weeks of speculation by announcing he would not stand for election this year to retain the state’s highest officeSource: Financial Times - US homepage | 26 Feb 2010 | 4:07 pm Stocks edge higher after mixed economic news (AP)
Source: Yahoo! News: Stock Markets News | 26 Feb 2010 | 4:07 pm Airlines ripe for another merger, experts sayNow that the merger between Delta and Northwest is complete, other airlines are under the spotlight for potential consolidation.Source: Business and financial news - CNNMoney.com | 26 Feb 2010 | 4:05 pm Earnings roundup: Fannie Mae, NYMagic (AP)AP - Among the earnings stories for Friday, Feb. 26, from AP Financial News:Source: Yahoo! News: Business News | 26 Feb 2010 | 4:04 pm Stocks: Mixed day, tough weekStocks ended little changed Friday as investors showed caution after a surprise drop in existing home sales, a surprise rise in GDP growth and AIG's worse-than-expected quarterly decline.Source: Business and financial news - CNNMoney.com | 26 Feb 2010 | 3:53 pm The secret lives of America's debtorsAmericans are loaded up with credit card debt. What's worse is that some husbands, wives and even children hide those money woes from their families. The results are often devastating.Source: Business and financial news - CNNMoney.com | 26 Feb 2010 | 3:51 pm Bourses regain poise as euro reboundsGlobal Markets Overview: Positive economic data from Asia and calmer forex markets were tempered by continued mixed reports from the USSource: Financial Times - US homepage | 26 Feb 2010 | 3:43 pm Administrator vows to save PompeyPortsmouth's administrator Andrew Andronikou pledges to save the club and says all its finances will be "reviewed and scrutinised".Source: BBC News | Business | World Edition | 26 Feb 2010 | 3:42 pm Fed officials at odds on right level for ratesNEW YORK (Reuters) - Two top Fed officials on Friday offered divergent signals on interest rates, with one arguing they should remain near zero for at least six months and another wishing to raise them "sooner rather than later."
Source: Reuters: Business News | 26 Feb 2010 | 3:38 pm India still rising?BBC World's Jamie Robertson looks at India's prospectsSource: BBC News | Business | World Edition | 26 Feb 2010 | 3:38 pm Toyota accused of withholding records in lawsuitsToyota’s problems in Washington deepened fter a top Democratic lawmaker accused the Japanese carmaker of deliberately withholding records it was legally obliged to produce in litigation involving safety defects in Toyota vehiclesSource: Financial Times - US homepage | 26 Feb 2010 | 3:36 pm Write-Offs: 02.26.10$$$ Gatorade drops Tiger Woods [WSJ] $$$ Another Madoff Defendant From the Fringes [Dealbook] $$$ A new way to buy and sell ideas. [The Atlantic] $$$ Are the Feds getting closer to nailing NIR Group for stock kickback scheme? [CTNews] $$$ Petra sets record, sells diamond for $35 million [Reuters] $$$ Utah Developer Provides A Real Rustic Experience® For Finance Types [Daily Intel] 
 Source: Dealbreaker | 26 Feb 2010 | 3:32 pm Presented By:Source: Dealbreaker | 26 Feb 2010 | 3:32 pm India leaves stimulus measures in placePranab Mukherjee, finance minister, maintained high levels of public spending to support high growth, boost a flagging rural economy and modernise infrastructureSource: Financial Times - US homepage | 26 Feb 2010 | 3:25 pm Key lawmaker says Toyota withheld documentsNew accusations alleging the automaker hid evidence regarding vehicle rollover cases were leveled Friday against Toyota Motor Co. by the House Oversight Committee Chairman, Edolphus "Ed" Towns (D-NY).Source: Business and financial news - CNNMoney.com | 26 Feb 2010 | 3:15 pm City executive delayed suicide so wife could claim life insuranceA City executive waited a year to kill himself so his former wife could benefit from his life insurance policy.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Feb 2010 | 3:11 pm Gap, AIG, CKE Restaurants are big movers (AP)AP - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:Source: Yahoo! News: Stock Markets News | 26 Feb 2010 | 3:07 pm Bernanke signals openness to more oversightBen Bernanke, chairman of the US Federal Reserve, has signalled he is willing to accept more oversight of the Fed if the central bank retains its role in supervising banks, according to two people present at separate congressional meetingsSource: Financial Times - US homepage | 26 Feb 2010 | 3:01 pm How the major stock indexes fared on Friday (AP)AP - The stock market eked out a gain Friday as investors took downbeat economic news in stride.Source: Yahoo! News: Stock Markets News | 26 Feb 2010 | 2:59 pm Summary Box: Mixed reports hold back stock market (AP)AP - WHAT HELD THE MARKET BACK: The government said the economy grew at a faster pace last quarter than it had estimated. But disappointing quarterly results from insurer American International Group Inc. raised concerns about the recovery. So did another report of weak home sales.Source: Yahoo! News: Stock Markets News | 26 Feb 2010 | 2:54 pm Joe Biden's middle-class relief planIn its first annual report released Friday, the Obama administration's middle-class task force introduced plans to address the "middle-class squeeze" in the U.S. economy.Source: Business and financial news - CNNMoney.com | 26 Feb 2010 | 2:54 pm BoA's investment bank chief earns table-topping $30mTom Montag has taken the title of Wall Street's best paid executive after being awarded a $29.9m (£19.6m) pay package for 2009.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Feb 2010 | 2:48 pm Greeks cut their $15 a day coffee habitElly Koufakis, the co-owner of a busy beauty salon in the posh Athens suburb of Psyhiko, isn't used to sitting around. The shop's staff rarely has a minute to breathe between haircuts and manicures. But since the debt crisis in Greece exploded in January, they now spend half their workday sitting idle. "We've seen a 50% drop in our appointments," Koufakis says. "Everyone seems to be reining in their spending."Source: Business and financial news - CNNMoney.com | 26 Feb 2010 | 2:46 pm Ken Lewis Wasn't Completely Gypped Last Year
Former Bank of America CEO Ken Lewis received...$32,171 in 2009 as the bank struggled with loan losses and repaid billions in federal bailout money, according to an Associated Press analysis of a regulatory filing.
Source: Dealbreaker | 26 Feb 2010 | 2:45 pm Best month since November in lackluster day for stocks (Reuters)
Source: Yahoo! News: Stock Markets News | 26 Feb 2010 | 2:44 pm London's landmark Liberty building on sale for £40mA bidding war for one of the UK's leading retail landmarks is set to break out after the building was put up for sale.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Feb 2010 | 2:30 pm Inventories buoy growth, but home sales slumpWASHINGTON (Reuters) - The economy grew a touch more than initially thought in the fourth quarter, but a surprise drop in January home sales to a seven-month low and weaker consumer sentiment underscored the headwinds for the recovery.
Source: Reuters: Business News | 26 Feb 2010 | 2:28 pm Citi board; Armstrong, Mulcahy out, Zedillo inNEW YORK (Reuters) - Citigroup Inc's board is reshuffling, with former AT&T and Xerox executives Michael Armstrong and Anne Mulcahy stepping down and former Mexican President Ernesto Zedillo in line to join.
Source: Reuters: Business News | 26 Feb 2010 | 2:25 pm UK economic growth revised upThe UK economy grew by 0.3% in the final three months of last year, faster than previously thought, figures show.Source: BBC News | Business | World Edition | 26 Feb 2010 | 2:21 pm DfT trains plan was a comedy on wheelsWhat a farce. For years, the Department for Transport has been huffing and puffing about the cost of procuring new trains.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Feb 2010 | 2:10 pm Lloyds' black horse is unlikely to find form any time soonAnother Cheltenham festival looms. But where is the black horse from the Lloyds Banking stable? Stuck in its box it seems. Too crocked to make it to the races.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Feb 2010 | 2:05 pm Former finance broker jailedFormer Tauranga finance broker Andrew Graham Tilson, 38, was jailed yesterday for 18 months after earlier pleading guilty to four counts of forgery, two counts of uttering and a charge of using an altered document.His sentencing,...Source: nzherald.co.nz - Business | 26 Feb 2010 | 2:01 pm Podcast: Haiti's High Hopes For Vegas
Everybody wants in. (Michael Toolan/Magic) On today's Planet Money: Adam Davidson takes a road trip to Vegas, via Haiti. When Adam and Chana Joffe-Walt traveled to Haiti recently, they kept hearing about "Magic" -- a big clothing trade show in Vegas that the Haitians hoped would be a post-earthquake boon for their apparel industry. So Adam went to Vegas for the show. But Haiti, as it turns out, is only a bit player on the Vegas scene, swamped by the likes of China, Bangladesh and Egypt. And the real star of the show turns out to be Ron Kirk, the U.S. trade representative. What Haiti (and everybody else) really wants is a sweet trade deal with the U.S. For more of our coverage on Haiti's economy, listen to our podcasts on Haitian microentrepreneur Yvrose Jean Baptiste, Mango Man Jean Maurice Buteau and on the prospects for rebuilding the country. Download the podcast, or subscribe. Music: Jamie Cullum's "Wheels." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 26 Feb 2010 | 2:00 pm Oil jumps nearly 2 percent on economic data, dollarNEW YORK (Reuters) - Oil jumped nearly 2 percent toward $80 a barrel on Friday, marking a more than 9 percent rise for the month, as an upward revision in U.S. gross domestic product for the fourth quarter helped revive sentiment.
Source: Reuters: Business News | 26 Feb 2010 | 1:49 pm Pound slides as figures underline scale of UK recessionThe pound slid to new lows after it emerged that an apparent improvement in Britain's growth late last year hid a cut in the official estimate of output.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Feb 2010 | 1:46 pm Medicare Pay For Doctors: Why Congress Keeps PuntingBy Jacob Goldstein A familiar ritual is underway in Washington: A big Medicare pay cut to doctors is looming, and Congress is trying to get its act together to block it. And in a rare display of bipartisanship, lawmakers will likely swoop in soon and pass a measure to stop the cut -- but only temporarily. This sort of brinkmanship on Medicare payments has been going on for years. In fact, Congress just voted in late December to postpone a 21% cut that was set to take effect on January 1. But lawmakers only postponed the cut by two months -- so here we are again. What gives? The issue goes back to a law that Congress passed in the 1990s to try to control the growth of Medicare spending. The basic idea was that the amount Medicare spends on doctor fees for each beneficiary shouldn't grow faster than the economy as a whole. Here's a (wildly oversimplified) example. If the economy grows by 4%, Medicare can only raise the amount it spends on each Medicare patient's total doctor bills by 4%. If the total bills go up by more than 4% per patient -- because doctors perform more exams and procedures for each patient, or because they do more intensive procedures that carry higher reimbursements -- then Medicare will cut the amount that it pays doctors for each procedure. (If you want a more thorough explanation, read this.) Over the past several years, this formula kept calling for cuts to the amount doctors get for each service. Doctors, of course, protested. And Congress, again and again, passed temporary measures that blocked the cuts from taking effect. Over time, the cuts called for under the spending formula have added up. A few percent here, a few percent there, and suddenly you've got a looming 21% cut. (For more on the extended history of Medicare payments to doctors, check out the story on today's All Things Considered from Chana Joffe-Walt and David Kestenbaum.) One option now would be for Congress to scrap the old formula and start over with a new formula that gets rid of the planned cuts altogether. That's what the AMA and the AARP would like to see. The AMA likes that because it would get rid the perpetual threat of huge pay cuts; the AARP likes it because it would make it more appealing for doctors to treat elderly Medicare patients. James Rohack, the president of the AMA, told me this week that AMA used to back Congress's short-term fixes, but not anymore. "A couple years ago ... we'd get our grassroots out and say, 'Lets do a temporary patch,' " he said. "At this point, it's like, 'Enough of the games, you need to get this thing fixed.' " The House last year actually passed a bill that would have done what the AMA and AARP wanted. It scrapped the payment formula and slightly increased payment rates this year. But it wasn't cheap. The CBO (Congress's nonpartisan scorekeeper for how much things cost) estimated that would have cost extra $210 billion over 10 years. The short-term fixes, by comparison, look cheap -- because they only deal with the short term. A bill to delay the cuts by one-month, approved by the House this week, would have cost about $1 billion, according to the CBO. (A companion bill was blocked in the Senate.) And passing short-term fixes means the long-term estimates for Medicare costs still include the planned pay cut to doctors -- even though it's unlikely such a cut will ever take effect. If Congress passes a new law acknowledging that the cuts will never happen, the long-term estimates for the cost of Medicare will get even uglier than they already are. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 26 Feb 2010 | 1:38 pm Greece's 'worst fears' confirmed, says PM George PapandreouThe Greek Prime Minister, George Papandreou, told parliament on Friday that the worst fears about Greece's economy had been confirmed.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Feb 2010 | 1:31 pm Meet iTunes' $10,000 winnerSource: Business and financial news - CNNMoney.com | 26 Feb 2010 | 1:23 pm California is a greater risk than Greece, warns JP Morgan chiefJamie Dimon, chairman of JP Morgan Chase, has warned US investors should be more worried about the risks in California than Greece's debt woes.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Feb 2010 | 1:20 pm Currency buyers suffer from King Lear's problemCurrency buyers are suffering from King Lear's dilemma. Shakespeare's monarch could not decide which of his two ungrateful daughters was less awful.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Feb 2010 | 1:17 pm Vikram Is Watching You
Source: Dealbreaker | 26 Feb 2010 | 1:13 pm Winners And LosersApparently John Paulson's luck hasn't run out just yet.
Source: Dealbreaker | 26 Feb 2010 | 1:10 pm Cazenove partner: I tossed a coin to pick stocksA former partner of Cazenove, who is accused of making £280,000 from insider trading, told investigators that he had "no idea" how he picked stocks but sometimes tossed a coin before investing, a court was told.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Feb 2010 | 1:05 pm AIG posts $8.9 billion loss on loan repay, reservesNEW YORK (Reuters) - American International Group Inc reported a quarterly loss of $8.9 billion, hurt by loss reserves and efforts to repay the U.S. government, as it struggles to find its feet more than a year after its $182.3 billion rescue.
Source: Reuters: Business News | 26 Feb 2010 | 1:00 pm Germans consider bank rescue for GreeceGermany’s biggest banks are looking at a rescue plan under which they would buy Greek debt backed by financial guarantees from Berlin, the Financial Times has learntSource: Financial Times - US homepage | 26 Feb 2010 | 12:57 pm Jamie Dimon No Longer Wanted In Hotlanta
Source: Dealbreaker | 26 Feb 2010 | 12:56 pm Next Week’s Top Must Watch Issues (AIG, BRK-B, CRXX, COST, MIL, TMO, MMM, SIRI, PAY, F, TM)Earnings season has mostly wound down. We have many key business events and key economic events scheduled for next week. In asset sales and merger land, we will be paying close attention to American International Group Inc. (NYSE: AIG) and Millipore Inc. (NYSE: MIL). For earnings we have Costco Wholesale Corporation (NASDAQ: COST) and VeriFone [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Feb 2010 | 12:34 pm How Will Eliot Spitzer Back Governor Paterson?As you're aware, Governor Paterson won't seek reelection 'cause of a few little bombshells in the Times. So Mr. P is having a press conference at 3 and we're hoping he's going to announce a Spitzer involvement in some capacity (as we wrote last week, the Gov has been asking Spitzer to "advise" him on several matters). Any ideas how?
Source: Dealbreaker | 26 Feb 2010 | 12:20 pm Dollar/euro ‘money play’ follows Greek tragedyBeyond Athens’ predicament, traders are focusing on long-term US/Europe interest rates to gauge how the currencies should compare with each otherSource: Financial Times - US homepage | 26 Feb 2010 | 11:43 am RBS Bonuses Maybe Not So Bad This Year?
On the day when Royal Bank Of Scotland announced it was handing out £1.6 billion in bonuses, a mystery banker ran up a bar bill of almost £44,000 at Mayfair club Aura. He was with five friends as they splashed thousands on Cristal champagne in just two and a half hours.
Source: Dealbreaker | 26 Feb 2010 | 11:40 am Small talk: Snowmen, faking, Phoonk 2Marketplace's Brendan Newnam and Rico Gagliano chat with fellow staffers George Judson, Amy Scott and Stacey Vanek-Smith about under-the-radar stories: Protesting snowmen, fake kidnapping, and a prize for watching Phoonk 2 alone.Source: Marketplace | 26 Feb 2010 | 11:32 am Conservation projects displace localsSeveral years ago three U.S. companies sank millions of dollars into a forest reserve in southern Brazil to earn credits to cover some of their carbon emissions back in America. How does the scheme work on the ground? Michael Montgomery reports in collaboration with Mark Schapiro.Source: Marketplace | 26 Feb 2010 | 11:32 am Wall Street is no longer in my dreamsLike many other young people, Youth Radio's Lauren Silverman used to swoon at the idea of working in the towers of high finance. But now she's thinking differently.Source: Marketplace | 26 Feb 2010 | 11:32 am Weekly Wrap: Bernanke and health careAtlantic Magazine's Megan McArdle and Visible Economy's Mike Mandel talk with Bob Moon about what they took away from Federal Reserve Chairman Ben Bernanke's appearance on Capitol Hill and whether the current health care bill does enough to control costs.Source: Marketplace | 26 Feb 2010 | 11:32 am Ruling to put spotlight on fraud casesThe Supreme Court will soon hear the appeal of Enron CEO Jeffrey Skilling, who is serving a 24-year prison sentence. Brett Neely reports there are signs the justices may overturn an anti-fraud statute used to convict him.Source: Marketplace | 26 Feb 2010 | 11:31 am Public utilities differ on gas regulationA trade group of utilities has backed efforts to block the Environmental Protection Agency from regulating greenhouse gas emissions. But that group doesn't speak for all of its members. Jennifer Collins reports.Source: Marketplace | 26 Feb 2010 | 11:31 am Small biz owners seek action on lendingAs of this week, the Small Business Administration has run out of stimulus funding to guarantee bank loans on favorable terms. At a House hearing, legislators grilled bankers and regulators on what they plan to do to jump-start lending. Mitchell Hartman reports.Source: Marketplace | 26 Feb 2010 | 11:31 am Weather makes economic data hazyHome sales were down last month while the Gross Domestic Product was up 5.9% at the end of last year. The latest economic data have one thing in common: snow. John Dimsdale reports it's having an increasing impact on the economy's performance.Source: Marketplace | 26 Feb 2010 | 11:31 am The new YouTube sensation: HaulsThere's a new kind of video everyone is watching: Hauls. Tess Vigeland explains.Source: Marketplace Money | 26 Feb 2010 | 11:30 am Adapting to capitalism in GermanyTwenty years ago East Germans, who lived in a communist system for decades, found themselves suddenly confronted by capitalism. What has the transition been like since then? Amy Scott reports.Source: Marketplace Money | 26 Feb 2010 | 11:30 am High schoolers seek to be Street wiseDespite Wall Street's role in the collapse of the economy, students at a New York City high school say they are still focused on pursuing careers in finance. Youth Radio's Rachel Krantz reports.Source: Marketplace Money | 26 Feb 2010 | 11:30 am Getting PersonalMarketplace Economics Editor Chris Farrell joins Tess Vigeland to answer questions about saving in euros for an overseas trip, and putting money away for an entire summer in Alaska's national parks.Source: Marketplace Money | 26 Feb 2010 | 11:30 am Why the mom and pop shop is survivingRobert Spector, author of "The Mom & Pop Store," talks with Tess Vigeland about why that small store down the street is doing pretty well in this recession.Source: Marketplace Money | 26 Feb 2010 | 11:30 am Letters from our listenersListeners chime in on everything from the new credit card rules, to Tess Vigeland singing in tune.Source: Marketplace Money | 26 Feb 2010 | 11:30 am What to do when a bank is a deadbeat?Condominiums depend on owners of their units chipping in for common expenses like fixing the roof. But what happens when the deadbeat owner next door is a major bank. Ashley Gross reports.Source: Marketplace Money | 26 Feb 2010 | 11:30 am How low interest rates affect saversFederal Reserve Chairman Ben Bernanke has announced that interest rates will stay low for a while. That's good news for borrowers, but what about savers? Marketplace's John Dimsdale has some ideas that might be of greater interest for them.Source: Marketplace Money | 26 Feb 2010 | 11:29 am Pudong Bank set to sell strategic stakesShares of Shanghai Pudong Development Bank were suspended from trading after the Chinese lender said it was preparing to take on strategic investorsSource: Financial Times - US homepage | 26 Feb 2010 | 11:19 am A look at global economic developments (AP)AP - A look at economic developments and activity in major stock markets around the world Friday:Source: Yahoo! News: Stock Markets News | 26 Feb 2010 | 11:02 am Robert Benmosche Loves You All
Also, he's got a plan.
Source: Dealbreaker | 26 Feb 2010 | 10:59 am Jaguar Land Rover back into blackThe upmarket carmaker is back in profit thanks to cost-cutting and new models, according to new owners Tata Motors.Source: BBC News | Business | World Edition | 26 Feb 2010 | 10:55 am Greenberg Traurig's Bacchus Discusses Free Trade (Correct)Source: Bloomberg - All Podcasts | 26 Feb 2010 | 10:50 am Chuck Grassley Wants To Talk To Lloyd Blankfein
Specifically, Grassley is interested in finding out whether "the big Wall Street investment banks being so involved in, and profiting from, the Build America Bonds program siphons off a lot of taxpayer dollars that are meant to help cities and states."
Source: Dealbreaker | 26 Feb 2010 | 10:40 am ASB head office to moveASB is moving its head office from Albert St to a waterfront site in the Wynyard Quarter redevelopment on Auckland's harbour front. "With our developers Kiwi Income Property Trust, we're together investing $160 million into this...Source: nzherald.co.nz - Business | 26 Feb 2010 | 10:35 am This Week’s LinksPrivate industry in the US funds the biggest innovation machine in the world. (via rtable.net) The new rules of short selling, explained. The Wall Street Journal has a list of 10 Wall Street blogs you need to read. This isn’t something you want to happen while shopping at your mall. Are night owls or morning larks better investors? (Curious Capitalist via Abnormal Returns)
Source: Business Pundit | 26 Feb 2010 | 10:21 am Delegat's down 12pcWinemaker Delegat's Group has reported a 12 per cent decline in net profit to $13.85 million in the six months to December 31. Earnings before interest, tax, depreciation and amortisation fell 20 per cent to $27.5 million. Revenue...Source: nzherald.co.nz - Business | 26 Feb 2010 | 10:20 am FTSE 100 ends on a firm note (AFP)
Source: Yahoo! News: Stock Markets News | 26 Feb 2010 | 10:08 am World markets get lift from solid economic data (AP)
Source: Yahoo! News: Stock Markets News | 26 Feb 2010 | 10:07 am Return to growth a long haul for Air NZAir New Zealand says it could be three years before it is back on the growth path it was on before the global economic crisis.The airline's normalised earnings after tax doubled to $64 million in the six months to December 31,...Source: nzherald.co.nz - Business | 26 Feb 2010 | 10:00 am San Jose Mayor Reed Discusses Governmental Insolvency: BLAWSource: Bloomberg - All Podcasts | 26 Feb 2010 | 9:53 am PGC back in blackPyne Gould Corporation returned to profitability, with a net profit of $10.1 million in the six months to December after a $17 million loss a year earlier when the result was affected by several one-off items. The Marac Finance...Source: nzherald.co.nz - Business | 26 Feb 2010 | 9:50 am Big Dividend Hikes Will Bring Only More Big Dividends (GPS, KMB, JPM, GE, DOW, CSCO, AAPL, MMM, DVY)Everyone, or at least most everyone, loves dividends. While some investors love share buybacks, dividends seem to be the new way we are seeing for companies to reward shareholders. The good news is that many big companies are raising their dividends after the 2009 wave of dividend cuts. Two of our recent picks for dividend [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Feb 2010 | 9:43 am U.S. approves PepsiCo bottler buy, with conditionsWASHINGTON (Reuters) - PepsiCo Inc has won U.S. antitrust approval to buy two of its largest bottlers on condition that it take steps to safeguard a rival's business information, the Federal Trade Commission said on Friday.
Source: Reuters: Business News | 26 Feb 2010 | 9:40 am Sharp drop in Volkswagen profitsEurope's biggest car maker Volkswagen sees profits tumble but says 2010 will mark a turning pointSource: BBC News | Business | World Edition | 26 Feb 2010 | 9:38 am Loss for Solid EnergyState-owned Solid Energy has recorded a loss of $6.5 million in the six months to December 31, which it attributes to a drop in hard coking coal prices and the global economic downturn. The loss compares to a $78.4 million profit...Source: nzherald.co.nz - Business | 26 Feb 2010 | 9:20 am Endowment payouts fall at the PruThe value of maturing with-profits mortgage endowment policies fall again at UK insurance company Prudential.Source: BBC News | Business | World Edition | 26 Feb 2010 | 9:15 am Buck stops with Telecom over mobile network miseries"You have to ask: Do you guys really know what you are doing in mobile?," says telco analyst Paul Budde.Sydney-based Budde, who has followed Telecom's progress for years, is scathing."The track record over the last 20 years...Source: nzherald.co.nz - Business | 26 Feb 2010 | 9:00 am Angry with Telecom? We'll pay break fee, says VodafoneVodafone will today announce a fresh offensive to capitalise on Telecom's ongoing woes.Paul Brislen, Vodafone spokesman, said the company would refund any Telecom customers penalised for switching mobile phone providers.Under...Source: nzherald.co.nz - Business | 26 Feb 2010 | 9:00 am Toyota president visits plantGEORGETOWN: Toyota's president visited the company's largest North American assembly plant yesterday, telling workers that the carmaker is at a crossroads and needs to rethink its operations to win back customers.Akio Toyoda toured...Source: nzherald.co.nz - Business | 26 Feb 2010 | 9:00 am Brian Gaynor : Too much barking before XT could biteTelecom chief executive Paul Reynolds, who has had a terrible start to 2010, must have choked on his toast when he opened Wednesday's newspapers.The front page of the Herald had three photographs of him under the heading: "Cellphone...Source: nzherald.co.nz - Business | 26 Feb 2010 | 9:00 am This Week’s Weird Jobs
This week’s jobs have one foot in each gender. Grampa needs a cute girl to get him drunk. Someone else wants a man’s man to sell grills. Still another group wants a big, handsome fella to wrangle out-of-control drunk girls. Pick your gender-based poison. 1. WA: just need a cute girl This is the worlds easiest $50.00 to be made! It is my Grandpas 75th birthday and we are throwing him a party. He loves his wine and all I want is a cute girl to keep his wine glass full. All you have to do is walk around with a tray, look pretty and only keep Grandpas wine glass full for two/three hours! The party is at Best Western in Saint Helens on Jan. 30th. If your interested please send me a photo of yourself. Thanks a bunch. Gramps likes the occasional grope, too. Hope you’re game. 2. WY: GET PAID TO GRILL FULL OR PART TIME We sells high quality products including: grilling tools and accessories, premium meats, grilling spices, rubs, marinades and more. We offer over 30 flavors of bratwurst alone, in addition to other products like poker and home bar accessories. All products are sold exclusively through our network of independent sales agents. Get paid to GRILL and Give away free meat! Requirements for our opportunity: • The desire to earn a full or part time income with us Interested in more information? Email us! Lack of female gender and the ability to not burn what you grill also help. 3. NY: Need Private Investigator Someone stole my phone on Saturday Jan 16, 2010 – at the gym. It happend around 4pm – 7pm…able to pay $100 for someone to get it back OR show proof of who has the phone. If you’re the thief, you might as well ‘fess up. That reward could be worth more than her phone. 4. TN: Tour guide – ghost tours Looking for friendly, energetic, responsible person to guide WALKING ghost tours at night. Qualifications would include being a good story-teller, and having good business sense. Performance experience can be a plus, but is not required. Ability to shiver, jump, and yelp in faux terror help. 5. Austin: Drunk girl wrangler Muscular man closely resembling Hugh Jackman needed to take care of 3 or more drunk girls this weekend. Duties may include but are not limited to drink orders, store runs for cigarettes, fix it kits for inflatable devices, breaking up girl fights, holding hair during any puking, and keeping the dudes off of the 2 married chicks. Experience in CPR and a psyche degree helpful. We don’t mind perverts just don’t get it on us. Applicants with pics will be considered. This could be someone’s dream job…or a pure nightmare. Happy Friday! Image: MWSU
Source: Business Pundit | 26 Feb 2010 | 8:45 am Bonds, MetroPCS, Johnny Rockets, Bankruptcies: Taking StockSource: Bloomberg - All Podcasts | 26 Feb 2010 | 8:31 am Bradley Discusses His Book `The Imperial Cruise': Lewis LaphamSource: Bloomberg - All Podcasts | 26 Feb 2010 | 8:20 am Rosborough on Currencies, Gijsels on Bernanke: First WordSource: Bloomberg - All Podcasts | 26 Feb 2010 | 8:18 am Day Trader & Active Trader Alerts (AIG, ATHN, CKR, CROX, DECK, PALM, SIRI, INET)This morning’s top movers for day traders and active traders are seen in the following: American International Group, Inc. (NYSE: AIG) down over 5% athenahealth, Inc. (NASDAQ: ATHN) down 11% CKE Restaurants Inc. (NYSE: CKR) up 25% Crocs, Inc. (NASDAQ: CROX) down 9% Deckers Outdoor Corp. (NASDAQ: DECK) up 8% Palm Inc. (NASDAQ: PALM) up 0.5% SIRIUS XM Radio Inc. (NASDAQ: SIRI) [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Feb 2010 | 7:04 am AIG: Still Losing Money!By Jacob Goldstein Good morning. AIG lost $8.9 billion in the fourth quarter of last year. Sure, it sounds bad -- until you compare it to the $61.7 billion the company lost in the fourth quarter of 2008. AIG's main business lines actually turned a small profit in the last three months of 2009. But the company took some big hits to its balance sheet as it paid back part of its bailout, set more money aside to cover its insurance policies, and sold a subsidiary on the cheap. Here's more from Bloomberg. Still feeling angry about the bailouts? Arne Duncan would like a word with you. In this morning's Washington Post, the education secretary leans on old-school, anti-bank populism to push the Obama administration's plan to change how student loans work. Under the current system, "the banks earn profits on the interest; if students default, taxpayers take the loss, not the banks," he writes. "In other words, working Americans pay while bankers get rich." (Here's a counterpoint from Sallie Mae, which could lose big under the administration's plan.) A student-loan bill passed the House last year, but has been held up in the Senate. Greece! Greece! Greece! The EU says Greece's austerity plan isn't austere enough, the WSJ reports. The Fed is looking into the whole Goldman-Greece derivatives thing, NPR says. The FT wonders who's actually holding all that Greek debt. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 26 Feb 2010 | 6:49 am Top Analyst Upgrades and Downgrades (ATHN, BARE, CHU, CIEN, DPS, EPB, EQY, LAMR, PALM, TQNT, UPL)These are this Friday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls early this morning: athenahealth (NASDAQ: ATHN) downgraded to market perform at JMP Securities, cut to neutral at Baird. Bare Escentuals (NASDAQ: BARE) Cut to Hold at Citigroup. China Unicom (NYSE: CHU) Raised to Buy at eutsche Bank. Ciena Corp. (NASDAQ: CIEN) Cut to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Feb 2010 | 6:32 am AIG’s Less Worser ResultsAIG announced two bad pieces of news but each was framed as good. The insurance company which has benefited from a $180 billion US bailout reported a net loss attributable to AIG common shareholders of $8.9 billion for the fourth quarter of 2009, or $65.51 per diluted common share. Last year in the same period AIG a [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Feb 2010 | 6:05 am Today’s Best Market RumorsUpdated throughout the day. Toyota (TM) may miss North American output goals (Nikkei news service) GM is going back to early bidders for Hummer now that its deal with Chinese firm Sichuan Tengzhong Heavy Industrial Machinery has fallen apart. (NYTimes) Large hedge funds are making huge bets against the euro (WSJ) Blackstone’s (BX) will have China’s national pension fund as an [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Feb 2010 | 5:55 am The Perils of Being Too Friendly Online
Source: Business Pundit | 26 Feb 2010 | 5:00 am European equities jump after Wall Street clawback (AFP)
Source: Yahoo! News: Stock Markets News | 26 Feb 2010 | 4:39 am Beware Of Greeks Bearing Bad NewsEU economic inspectors and IMF officials have been in Greece to review the economic carnage. What they found was at the horrible end of a scale that ranges from good news to bad. Prime Minister George Papandreou told parliament ”The damage is incalculable. It is not only financial or fiscal but also affects the position of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Feb 2010 | 4:10 am Another Snow Hurricane In The East, Another Blow To GDP And HousingThe number of “snow hurricanes” that have hit the mid-Atlantic states and Northeastern US must be a National Weather Service record. Much of the East Coast is under assault again and will be for most of the weekend. Storms have not spared the South, Midwest, and Plains states. The West coast has been least affected by bad [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Feb 2010 | 3:54 am The Recovery Loses Steam As GDP Growth FailsThe US economy may have grown at a 5.7% pace in the fourth quarter of 2009, but according to a survey of experts by Thomson Reuters a figure of closer to 3% is more likely this year. Some of the by-products of slower growth are obvious. Unemployment is not likely to come down as businesses remain [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Feb 2010 | 3:25 am The Car Industry Is In As Much Trouble As ToyotaToyota’s (TM) sales in the US market are supposed to fall and some of its large rivals like Ford (F) and Honda (HMC) are supposed to benefit from customers who will no longer consider buying vehicles from the world’s top car company. February will be the first barometer of whether that theory is right. It is the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Feb 2010 | 2:55 am
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