Twenty-Six Percent Of US Gets News Via Handset

Twenty-six percent of Americans now get news via their cellphones, according to a Pew Research poll of 2,259 people taken between December 28 and January 19. The study shows that 43% of people under 50 consume news on handsets, compared with 15% of people over that age, as reported by The Wall Street Journal, which [...]

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]



Source: 24/7 Wall St. | 1 Mar 2010 | 3:18 am

Mortgage approvals drop sharply

Figures revealing a sharp drop in mortgage approvals in January confirm the UK housing market made a slow start to the year.
Source: BBC News | Business | World Edition | 1 Mar 2010 | 3:11 am

24/7 Wall St.’s Corporate Power Rankings (Week 8)

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and changes, and credible rumors. It is, in effect, a new version of the DJIA. The Corporate Power Rankings are released at midnight [...]

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]



Source: 24/7 Wall St. | 1 Mar 2010 | 3:08 am

Move Your Money Gains Momentum

The Move Your Money campaign is gaining traction. Move Your Money, a campaign created by the Huffington Post, Roosevelt Institute, and Institutional Risk Analysis (IRA), helps you transfer your hard-won stash from bailed-out bankster institutions to local and community banks. The website, MoveYourMoney.info, explains:

Thousands of people have pledged to move their money away from the casino-style Too Big To Fail banks and give their money to community banks and credit unions. This site was set up as a modest home for the effort. A seed. But the idea will only have an impact if others keep it going from here.

How? For starters, you could move your money to a small bank. To do so, click on the button that says Find A Bank Or Credit Union. But there are dozens of other possibilities: You can get your friends or organizations to do the same. You can use your online social networks to help broadcast the idea. You can look into where your town government keeps its money and, if it uses a big bank, you could try to get it to use a smaller bank. Start your own website (to improve upon or replace this one), dive into the research about smaller banks, and help give rise to a bigger, broader effort.

There is no official organization here. It’s a volunteer project. If you have ideas about how this idea can grow, send us a note and we’ll display the best ideas in the Comments section of the site.

Move Your Money even lists instructions on how to close your old account. These are actually helpful–it is hard to get enough personal momentum to shut down an account you’ve been using for years.

I can attest to the power of going local when it comes to banks. About six months ago, I opened an account with my local credit union, because they had the best HSA (health savings account) deal in town. The credit union, called Elevations, has blown away my expectations of what a bank can and should do. They nice and helpful when I need something (sorry, Chase, but your people scowl a lot). Their fees are lower. They offer financial services on-site, as well as classes on financial planning and investing. As far as I can see, they currently have some of the best mortgage rates in town.

Importantly, the bank also cares about the well-being of the community. By patronizing it, I feel like I’m doing something to benefit the community I live in, not anonymous Wall Street financiers or bailout recipients.

If you have the time and drive, I encourage you to join Move Your Money.



Source: Business Pundit | 1 Mar 2010 | 3:07 am

Water fight

The high cost of fresh water in an Australian city
Source: BBC News | Business | World Edition | 1 Mar 2010 | 3:06 am

Getting a green job isn't so easy

Dear Annie: I lost a pretty good job as head of the training department at a financial-services company a few months ago and, rather than look for another similar position, I want to change careers. I'm passionate about the outdoors and would like to do something related to protecting wildlife and the environment. But I'm having trouble figuring out where to focus my search. Can you point me to some good sources of information about green jobs? -- Boston Birdwatcher
Source: Business and financial news - CNNMoney.com | 1 Mar 2010 | 3:04 am

Vivendi reports sharp profit slide

French media and telecom group Vivendi on Monday reported a 68.1-percent slide in net earnings last year despite an unexpectedly strong sales performance that boosted its share price. ...
Source: RSS feed - channel BNewsBusiness | 1 Mar 2010 | 3:03 am

Research group: China prepares for Arctic melt

China is starting to prepare for the commercial and strategic opportunities arising as global warming melts the polar ice cover in the Arctic, an international peace research group said...
Source: RSS feed - channel BNewsBusiness | 1 Mar 2010 | 3:02 am

Pearson profit up 46%, sees mixed 2010

U.K. publisher Pearson says it expects another year of underlying profit growth in 2010 but cautions some of its markets will remain subdued.



Source: MarketWatch.com - Top Stories | 1 Mar 2010 | 3:02 am

Debt write-down hits HSBC profit

HSBC reports a 24% drop in annual profits and its chief executive says he will give his bonus to charity.
Source: BBC News | Business | World Edition | 1 Mar 2010 | 3:01 am

Eurozone unemployment steady at 9.9 percent in Jan

Unemployment in the 16 countries that use the euro held steady at 9.9 percent in January for the third month running, official figures showed Monday. In its first estimate for the month,
Source: RSS feed - channel BNewsBusiness | 1 Mar 2010 | 3:00 am

America's hidden debt bombs

America's total debt load is on pace to top $13 trillion this year, and $22 trillion by 2020 -- and that's just the debt we're counting.
Source: Business and financial news - CNNMoney.com | 1 Mar 2010 | 2:59 am

HSBC posts profit gain, boss donates bonus to charity (AFP)

Pedestrians and taxis reflected in the window of an HSBC bank in Hong Kong. HSBC, Europe's biggest bank, posted a modest rise in 2009 net profits and said that Chief Executive Michael Geoghegan would donate his bonus to charity over the next four years.(AFP/File/Ed Jones)AFP - HSBC, Europe's biggest bank, on Monday posted a modest rise in 2009 net profits and said that Chief Executive Michael Geoghegan would donate his bonus to charity over the next four years.



Source: Yahoo! News: Business News | 1 Mar 2010 | 2:52 am

EU monetary boss visiting Greece

The EU Commissioner for Economic and Monetary Affairs is visiting Greece to discuss the country's cost-cutting efforts.
Source: BBC News | Business | World Edition | 1 Mar 2010 | 2:51 am

London Markets: Financials limit gains for British shares

Several London-listed financial firms decline on Monday, keeping gains for the broader market in check, with banking giant HSBC losing ground after releasing earnings.



Source: MarketWatch.com - Top Stories | 1 Mar 2010 | 2:50 am

AIG said to be near $35 billion Asia deal

Britain's Prudential PLC confirmed Monday that it is in advanced talks to buy the Asian life insurance business of bailed-out insurer American International Group Inc.
Source: Business and financial news - CNNMoney.com | 1 Mar 2010 | 2:47 am

HSBC 2009 profit rises 2 pct to $5.8 billion (AP)

AP - HSBC Holdings PLC, Europe's largest bank, reported Monday that full-year profit rose 2 percent as sharply lower operating costs helped offset an increase in loan impairment charges.
Source: Yahoo! News: Business News | 1 Mar 2010 | 2:44 am

Vivendi narrows loss, tops forecasts

The music, video games and telecoms group says a key profit gauge surpasses expectations.



Source: MarketWatch.com - Top Stories | 1 Mar 2010 | 2:42 am

Pearson online surge counters print decline

Pearson, the owner of the Financial Times, said this morning that its sales rose by 4 per cent last year as internet revenues soared and its educational division performed better than expected.


Source: Latest Business News from Times Online | 1 Mar 2010 | 2:38 am

HSBC profit up 2% on smaller tax bill

The banking giant says loan impairments should drop this year even as the employment picture lags the improvement in the broader economy.



Source: MarketWatch.com - Top Stories | 1 Mar 2010 | 2:35 am

Prudential close to buying AIG's Asia unit (AP)

AP - British insurer Prudential PLC said Monday it was in advanced talks to buy the Asian operations of U.S. insurer American International Group Inc.
Source: Yahoo! News: Business News | 1 Mar 2010 | 2:34 am

EU, Greece discuss more cuts amid bailout reports (AP)

A general view of a demonstration during a 24-hour nationwide strike in Athens, Greece, on Wednesday Feb. 24, 2010, to protest against government austerity measures intended to fix the country's debt crisis. Police fired tear gas and clashed with some demonstrators in central Athens on Wednesday as violence broke. (AP Photo)AP - The EU and Greece negotiated Monday over making more painful budget cuts amid reports that fellow European nations, like France and Germany, are preparing a rescue package for the indebted country.



Source: Yahoo! News: Business News | 1 Mar 2010 | 2:32 am

Prudential shares suspended as $35bn swoop on AIG's Asian business looms

Shares suspended as Pru chief Tidjane Thiam eyes deal that would make it Asia's biggest insurer.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 Mar 2010 | 2:31 am

EU, Greece discuss more cuts amid bailout reports

Senior EU and Greek officials are discussing the possibility of more painful spending cuts amid reports that fellow European countries, like France and Germany, are preparing a rescue...
Source: RSS feed - channel BNewsBusiness | 1 Mar 2010 | 2:23 am

When is an engineer not an engineer?

Britain is belittling the title engineer by applying it to photocopier repairmen, the chairman of BAE Systems says.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 Mar 2010 | 2:22 am

Media Digest 3/1/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Some senators want hearings on the Fannie Mae (FNM) and Freddie Mac (FRE) bailouts. Reuters:   Toyota (TM) is at work in China on damage control. Reuters:   Asia factory output expanded by China slowed some. Reuters:   AIG (AIG) will sell its Asia life insurance unit to the UK’s Prudential for $35 billion. Reuters:   Chile’s top cooper mines were hit [...]

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]



Source: 24/7 Wall St. | 1 Mar 2010 | 2:14 am

Actelion shares slump as fibrosis drug fails study

Shares of Switzerland’s Actelion lose nearly a fifth of their value as the company says a study showed a fibrosis drug didn’t reduce the intensity or mortality from the disease.



Source: MarketWatch.com - Top Stories | 1 Mar 2010 | 2:12 am

UK's Pru confirms in talks to buy AIG Asia

LONDON (Reuters) - Britain's Prudential confirmed it is in advanced talks to buy the Asian arm of AIG in a deal that would make the insurer the undisputed leader in one of the world's fastest-growing financial services markets.



Source: Reuters: Business News | 1 Mar 2010 | 2:10 am

Will Toyota's problems hurt Honda?

Toyota's recall problems could hurt more than its own reputation. It may have damaged the valuable image of quality and dependability American buyers attribute to most Japanese car brands.
Source: Business and financial news - CNNMoney.com | 1 Mar 2010 | 2:01 am

Vivendi 4th-quarter net loss narrows 32 pct

Vivendi SA said Monday its net loss narrowed by 32 percent in the fourth quarter due to lower financial charges, even though it made a euro550 million ($746 million) provision to cover...
Source: RSS feed - channel BNewsBusiness | 1 Mar 2010 | 1:59 am

Greece does not need IMF help: eurogroup chief

International Monetary Fund financial aid for Greece is not needed, the head of the eurozone's group of finance ministers, Jean-Claude Juncker, said Monday in a press interview. "I think
Source: RSS feed - channel BNewsBusiness | 1 Mar 2010 | 1:59 am

HSBC bank boss to donate bonus to charity

HSBC bank Chief Executive Michael Geoghegan said Monday he would donate up to four million pounds (4.45 million euros, 6.06 million dollars) of his bonus to charity over the next four...
Source: RSS feed - channel BNewsBusiness | 1 Mar 2010 | 1:59 am

Miners' gains lift London stocks

London-listed miners got a strong boost on Monday after metals prices surged in response to fears of supply of copper being hit by a huge earthquake in Chile, one of the world's big producers. ...
Source: RSS feed - channel BNPaperBusiness | 1 Mar 2010 | 1:57 am

World stocks gain amid Greece hopes, China data (AP)

Businessmen are reflected in the electric stock board of a securities firm in Tokyo Monday, March 1, 2010. Asian stock markets advanced Monday, with Hong Kong's index up nearly 2 percent, after China said manufacturing continued to grow last month albeit at a slower pace. Nikkei 225 stock average ended at 10,172.06, up 46.03 points. (AP Photo/Koji Sasahara)AP - Global stocks advanced Monday amid new hopes of a bailout for debt-ridden Greece and as slower Chinese manufacturing eased worries the government would accelerate steps to cool the world's third-largest economy.



Source: Yahoo! News: Business News | 1 Mar 2010 | 1:55 am

World stocks gain amid Greece hopes, China data

Global stocks advanced Monday amid new hopes of a bailout for debt-ridden Greece and as slower Chinese manufacturing eased worries the government would accelerate steps to cool the world's...
Source: RSS feed - channel BNewsBusiness | 1 Mar 2010 | 1:55 am

World stocks gain amid Greece hopes, China data (AP)

Businessmen are reflected in the electric stock board of a securities firm in Tokyo Monday, March 1, 2010. Asian stock markets advanced Monday, with Hong Kong's index up nearly 2 percent, after China said manufacturing continued to grow last month albeit at a slower pace. Nikkei 225 stock average ended at 10,172.06, up 46.03 points. (AP Photo/Koji Sasahara)AP - Global stocks advanced Monday amid new hopes of a bailout for debt-ridden Greece and as slower Chinese manufacturing eased worries the government would accelerate steps to cool the world's third-largest economy.



Source: Yahoo! News: Stock Markets News | 1 Mar 2010 | 1:55 am

Asia Markets And Europe Open

Markets in Asia were higher. The Nikkei rose .5% to 10,172. Toyota (TM) fell. The Hang Seng was up 2.2% to 21,057. HSBC (HBC) moved higher. The Shanghai Composite was up 1.2% to 3,088. At the open, the FTSE was up .9% to 5,402. BP (BP) rose. The Dax was up 1.4% to 5,685 and the CAC 40 rose 1.3% [...]

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]



Source: 24/7 Wall St. | 1 Mar 2010 | 1:54 am

'Uncomfortable' HBSC boss gives away bonus

Michael Geoghegan, chief executive of HSBC, confirmed this morning that he will give his £4 million bonus to charity as controversy over bankers' bonuses continues to rage.


Source: Latest Business News from Times Online | 1 Mar 2010 | 1:54 am

HSBC misses expectations after accounting losses

LONDON (Reuters) - HSBC Holdings missed expectations with a $7.1 billion annual pretax profit as accounting losses masked record investment bank earnings and a late year slowdown in bad debts at its troubled U.S. business.



Source: Reuters: Business News | 1 Mar 2010 | 1:52 am

Greece does not need IMF help: eurogroup chief (AFP)

The International Monetary Fund logo is seen along Pennsylvania Avenue in Washington, DC. International Monetary Fund financial aid for Greece is not needed, the head of the eurozone's group of finance ministers, Jean-Claude Juncker, said Monday in a press interview.(AFP/File/Tim Sloan)AFP - International Monetary Fund financial aid for Greece is not needed, the head of the eurozone's group of finance ministers, Jean-Claude Juncker, said Monday in a press interview.



Source: Yahoo! News: Business News | 1 Mar 2010 | 1:51 am

All eyes on the job market

A wave of disappointing economic reports has revived fears that the recovery is unsustainable, upping the ante for this week's batch of economic news, including the big February jobs report Friday.
Source: Business and financial news - CNNMoney.com | 1 Mar 2010 | 1:51 am

Extended jobless benefits to end - for now

Depending on extended unemployment benefits to see you through the Great Recession?
Source: Business and financial news - CNNMoney.com | 1 Mar 2010 | 1:50 am

Online 'beats newspapers' in US

Online news has become more popular that reading newspapers in the US, according to a Pew Research Center survey.
Source: BBC News | Business | World Edition | 1 Mar 2010 | 1:49 am

Germany's Merkel opposed to Greek bailout

Germany's chancellor says she is opposed to EU countries bailing out fellow eurozone member Greece. Chancellor Angela Merkel says the best help for Greece now is to make sure the...
Source: RSS feed - channel BNewsBusiness | 1 Mar 2010 | 1:49 am

Germany's Merkel opposed to Greek bailout (AP)

AP - Germany's chancellor says she is opposed to EU countries bailing out fellow eurozone member Greece.
Source: Yahoo! News: Business News | 1 Mar 2010 | 1:49 am

HSBC reports pre-tax profit of $7.07bn

HSBC, Europe's biggest bank, today reported pre-tax profits of $7.07bn (£4.66bn).
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 Mar 2010 | 1:48 am

Outsourcing China’s Labor Problem

American companies have been criticized for years because they have outsourced work, particularly to China and India. Much manufacturing work actually went to other nations, such as Vietnam and Mexico, but China has been a convenient target of criticism. The first jobs to go abroad to allow US firms to decrease costs were manufacturing ones. Japan [...]

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]



Source: 24/7 Wall St. | 1 Mar 2010 | 1:47 am

U.K.'s Prudential in talks on AIG Asia unit

U.K. insurer Prudential said Monday that it’s in advanced talks over a possible combination with American International Group’s Asian life insurance business.



Source: MarketWatch.com - Top Stories | 1 Mar 2010 | 1:44 am

Europe Markets: European shares jump as commodity stocks shine

European shares move higher on the first day of March, with miners advancing amid worries about copper shortages following the massive earthquake in Chile.



Source: MarketWatch.com - Top Stories | 1 Mar 2010 | 1:43 am

Vivendi beats forecasts, helped by games, telecoms

PARIS (Reuters) - Europe's largest entertainment group Vivendi posted better-than-expected sales and operating profit for 2009, boosted by a buoyant performance at its games and telecoms divisions.



Source: Reuters: Business News | 1 Mar 2010 | 1:40 am

Road to recovery

Car firms hope green subsidies will accelerate sales
Source: BBC News | Business | World Edition | 1 Mar 2010 | 1:40 am

One Last Chance To Save Housing

All of the news about housing that was so good in the fourth quarter became bad in the first two months of the new year. Foreclosure rates are still up and some analysts expect them to hit 3 million, a bit higher than last year. Warren Buffett claims that the economy is not strong enough [...]

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]



Source: 24/7 Wall St. | 1 Mar 2010 | 1:40 am

Fresh optimism drives stocks and commodities higher

08:10 GMT. More optimism on the prospects for global economic growth and signs that the debt crisis surrounding Greece may be easing got the new trading month off to a positive start for riskier assets...
Source: RSS feed - channel BNPaperBusiness | 1 Mar 2010 | 1:37 am

HSBC 2009 profit rises 2 pct to $5.8 billion

HSBC Holdings PLC, Europe's largest bank, says its full-year profit rose 2 percent despite an increase in loan impairment charges. For the year ending Dec. 31, the company made an...
Source: RSS feed - channel BNewsBusiness | 1 Mar 2010 | 1:34 am

Oil rises above $80 as regional stocks gain (AP)

World oil prices advanced above 78 dollars per barrel, as traders awaited economic growth data in leading energy consumer the United States.(AFP/File/Kenzo Tribouillard)AP - Oil prices rose above $80 a barrel Monday in Asia as crude traders followed regional stock markets higher.



Source: Yahoo! News: Business News | 1 Mar 2010 | 1:33 am

Prudential in AIG Asia unit talks

Prudential confirms it is in advanced talks to buy one of Asia's biggest insurance firms in a deal worth up to $35bn (£23bn).
Source: BBC News | Business | World Edition | 1 Mar 2010 | 1:32 am

Earnings Watch: Updates, advisories and surprises

A roundup of the latest corporate earnings reports and what companies are saying about future quarters.



Source: MarketWatch.com - Top Stories | 1 Mar 2010 | 1:31 am

Business Bullet: Australia, Pru, HSBC, Pearson

The latest news on: Australia, Pru, HSBC, Pearson
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 Mar 2010 | 1:11 am

AIG and Pru close to $35bn Asian deal

AIG and Prudential are on the verge of sealing a deal for the sale of AIA, the US life insurance company’s Asian business, to the UK’s biggest insurer for up to $35bn, with a deal expected to be announced this week
Source: Financial Times - US homepage | 1 Mar 2010 | 1:05 am

Chile quake sends copper higher

The price of copper jumps to the highest level in five weeks following the huge earthquake in Chile.
Source: BBC News | Business | World Edition | 1 Mar 2010 | 1:00 am

A stink in Central California over converting cow manure to electricity

Air-quality rules in the region leave dairy farmers facing costly changes to generators used to burn methane to produce power. Some have put their renewable-energy plans on hold. ...
Source: RSS feed - channel BNPaperBusiness | 1 Mar 2010 | 1:00 am

Independent artisans are crowding onto the Web

Lure of a global marketplace has craftspeople competing for shoppers through such sites as Etsy.com, Artfire.com and 1000 Markets.

The online indie craft scene is getting crowded as home-based entrepreneurs move beyond craft fairs or networks of friends to tap customers from around the globe.



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

Where to sell a new product?

Also: Self-employment tax, and setting up a company from scratch

Dear Kare n: I launched a new product but I can't get stores interested. Besides my own website, what sales options do I have?



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

Things are looking up for U.S. airlines

The industry is beginning to show signs of a recovery, with modest increases in revenue and forecasts of growing demand this year. ...
Source: RSS feed - channel BNPaperBusiness | 1 Mar 2010 | 1:00 am

Where to sell a new product?

Also: Self-employment tax, and setting up a company from scratch Dear Kare n: I launched a new product but I can't get stores interested...
Source: RSS feed - channel BNPaperBusiness | 1 Mar 2010 | 1:00 am

Jobs report due Friday may point investors' way

Investors are seeking direction, and this Friday's report on employment could give them what they want.



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

Payday lenders giving advances on unemployment checks

Critics say the high fees that come with the loans send the jobless into a cycle of debt. The industry sees it as a service for people in need. ...
Source: RSS feed - channel BNPaperBusiness | 1 Mar 2010 | 1:00 am

Things are looking up for U.S. airlines

The industry is beginning to show signs of a recovery, with modest increases in revenue and forecasts of growing demand this year.

After more than a year of slumping demand and sinking revenue, the nation's airline industry is beginning to show signs of a recovery, with modest increases in revenue and forecasts of growing demand this year.



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

Through a $10 fee, U.S. aims to draw more visitors

The levy will be imposed on travelers from 35 European and Asian countries who don't need visas to enter. The money will be used to create a nonprofit to help promote the U.S.

Uncle Sam is getting an expensive megaphone to tell the world's tourists, "I want you."



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

Through a $10 fee, U.S. aims to draw more visitors

The levy will be imposed on travelers from 35 European and Asian countries who don't need visas to enter. The money will be used to create a nonprofit to help promote the U.S. ...
Source: RSS feed - channel BNPaperBusiness | 1 Mar 2010 | 1:00 am

Boeing seeks foreign buyers for C-17 planes, made in Long Beach

The cargo plane's assembly plant is scheduled to close in two years. Boeing slows production to extend the life of the plant and work on sales. ...
Source: RSS feed - channel BNPaperBusiness | 1 Mar 2010 | 1:00 am

Jobs report due Friday may point investors' way

Investors are seeking direction, and this Friday's report on employment could give them what they want.
Source: RSS feed - channel BNPaperBusiness | 1 Mar 2010 | 1:00 am

Independent artisans are crowding onto the Web

Lure of a global marketplace has craftspeople competing for shoppers through such sites as Etsy.com, Artfire.com and 1000 Markets. ...
Source: RSS feed - channel BNPaperBusiness | 1 Mar 2010 | 1:00 am

Boeing seeks foreign buyers for C-17 planes, made in Long Beach

The cargo plane's assembly plant is scheduled to close in two years. Boeing slows production to extend the life of the plant and work on sales.

For sale: a mammoth four-engine plane that can haul 60-ton tanks, troops and medical gear across continents and still land on short, shoddy runways.



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

The week ahead at a glance

TODAY



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

A stink in Central California over converting cow manure to electricity

Air-quality rules in the region leave dairy farmers facing costly changes to generators used to burn methane to produce power. Some have put their renewable-energy plans on hold.

Central California is home to nearly 1.6 million dairy cows and their manure -- up to 192 million pounds per day. It's a mountain of waste and a potential environmental hazard.



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

Payday lenders giving advances on unemployment checks

Critics say the high fees that come with the loans send the jobless into a cycle of debt. The industry sees it as a service for people in need.

The payday loan industry has found a new and lucrative source of business: the unemployed.



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

Pru confirms advanced talks to land $35bn Asia deal$

Prudential this morning suspended its shares as it confirmed that it was in advanced discussions to purchase the Asian assets of American International Group (AIG) in a deal expected to cost about $35 billion.$


Source: Latest Business News from Times Online | 1 Mar 2010 | 12:53 am

South Korea pushes for global swaps regime

South Korea is pushing the G20 group of leading economies to support a system of global swaps in an effort to reduce global imbalances by lessening the need for countries to accumulate reserves
Source: Financial Times - US homepage | 1 Mar 2010 | 12:50 am

Toyota chief visits China amid recall woes (AP)

An employee of a Toyota dealership works in front of Toyota logo in Beijing Monday, March 1, 2010. Toyota President Akio Toyoda's visit to China to talk about his company's quality problems reflects the fast-growing Chinese market's importance to automakers as they struggle with weak global sales. (AP Photo/Vincent Thian)AP - Toyota President Akio Toyoda's visit to China to talk about his company's quality problems reflects the fast-growing Chinese market's importance to automakers as they struggle with weak global sales.



Source: Yahoo! News: Business News | 1 Mar 2010 | 12:46 am

Toyoda slips into China on damage control mission

BEIJING (Reuters) - Toyota Motor Corp President Akio Toyoda sought to ease quality concerns during a low-key visit to China on Monday, fresh from a grueling hearing in the U.S. Congress over his company's biggest safety crisis.



Source: Reuters: Business News | 1 Mar 2010 | 12:46 am

Toyoda slips into China on damage control mission (Reuters)

Reuters - Toyota Motor Corp President Akio Toyoda sought to ease quality concerns during a low-key visit to China on Monday, fresh from a grueling hearing in the U.S. Congress over his company's biggest safety crisis.
Source: Yahoo! News: Business News | 1 Mar 2010 | 12:46 am

Pound tumbles as prospect of hung parliament looms

Pound under pressure on Monday as traders focus on the prospect that the outcome of the General Election will fail to tackle the deficit.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 Mar 2010 | 12:16 am

Peter Brimelow: Parsing 200 years of gold trades

Peter Brimelow and Edwin S. Rubenstein look at 200 years of gold data, and ask, is gold’s second, current spike sustainable?



Source: MarketWatch.com - Top Stories | 1 Mar 2010 | 12:08 am

NZ sharemarket starts week higher

The New Zealand sharemarket rose today with investors seeing some positives in the smaller company announcements to the exchange.The benchmark NZX-50 index closed up 8.05 points, or 0.255 per cent, at 3164.152. Turnover was worth...
Source: nzherald.co.nz - Business | 28 Feb 2010 | 11:35 pm

Games lesson

How London 2012 can stop sponsors being ambushed
Source: BBC News | Business | World Edition | 28 Feb 2010 | 11:34 pm

Asia factory output expands, China slows a bit

BEIJING (Reuters) - Factory activity in Asia's main economies expanded last month, with India and South Korea growing at their fastest pace in around two years although China showed some signs of weakening.



Source: Reuters: Business News | 28 Feb 2010 | 11:34 pm

Asia Markets: Chile's quake fuels rally in Asia's mining sector

Asia's mining sector rallies as traders pore over the latest reports of disruptions to metals production from the massive earthquake in resource-rich Chile. But analysts say gains will likely be short-lived.



Source: MarketWatch.com - Top Stories | 28 Feb 2010 | 11:34 pm

Dollar climbs over US70c, eases back

The New Zealand dollar rose against sterling along with other currencies, but weakened from its best levels of the day against the greenback.The NZ dollar was at US69.86c at 5pm from US69.84c at 8am and US69.37c at 5pm on Friday.It...
Source: nzherald.co.nz - Business | 28 Feb 2010 | 11:00 pm

Vancouver games end on victorious note

The Winter Olympics wrapped up with a nail-biting ice-hockey final between Canada and the US followed by a boisterous closing ceremony that helped erase early disappointments
Source: Financial Times - US homepage | 28 Feb 2010 | 10:08 pm

Regulator warns against caving in on bank reform

MELBOURNE (Reuters) - The global financial system is radically flawed and radical solutions are needed, so regulators must resist attempts to dilute proposed reforms, a top European watchdog said on Monday.



Source: Reuters: Business News | 28 Feb 2010 | 10:00 pm

AIG agrees to $35.5 billion unit sale to Prudential: sources

NEW YORK (Reuters) - American International Group Inc agreed to sell its Asian life insurance unit to Britain's Prudential Plc for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the matter said.



Source: Reuters: Business News | 28 Feb 2010 | 9:06 pm

NZ commodity prices up again to 18-month high

The price of raw materials produced in New Zealand posted their 12th straight gain last month, led by rising lamb, skins and beef, according to the ANZ Commodity Price Index.Prices gained 3.8 per cent in February from a month...
Source: nzherald.co.nz - Business | 28 Feb 2010 | 9:00 pm

Chile restarts top copper mines hit by quake

SANTIAGO (Reuters) - Chile's biggest copper mines hit by a massive earthquake slowly resumed operations on Sunday despite limited power supplies, which analysts fear could curtail exports from the world's No. 1 producer.



Source: Reuters: Business News | 28 Feb 2010 | 8:05 pm

Highest January migration gain in six years

The number of people arriving permanently or long term in this country exceeded the number of departures by 2500 in January, the highest net gain for a January month since 2004.The increase was driven by 1700, or 30 percent, fewer...
Source: nzherald.co.nz - Business | 28 Feb 2010 | 8:00 pm

US plant to test use of NZ lignite

American regulators have approved an experimental North Dakota coal-drying plant which has imported more than 400 tonnes of New Zealand lignite to test in the hope the same process can be used in Southland.But the processing of...
Source: nzherald.co.nz - Business | 28 Feb 2010 | 7:30 pm

Forget Wall St and reach for the stars

Forty-one years ago Buzz Aldrin would have covered the distance from Los Angeles to Auckland in 15 minutes aboard Apollo 11.Next week he faces a far more sedate 12-hour trip travelling around 900km/h rather than the 41,000km/h...
Source: nzherald.co.nz - Business | 28 Feb 2010 | 7:00 pm

MediaWorks names new MD

TV3 owner MediaWorks has named a group managing director and has gained Jason Paris from state-owned TVNZ.Sussan Turner, the current chief executive of MediaWorks Radio, has been appointed to the position of group managing director.Paris,...
Source: nzherald.co.nz - Business | 28 Feb 2010 | 6:57 pm

Property listings surge, sales stall

The number of new properties on the market surged in February but with buyers "cagey", the number of unsold houses across the country ballooned, the real estate industry says.Listing website Reale
Source: nzherald.co.nz - Business | 28 Feb 2010 | 6:30 pm

Bumpy and subdued recovery - NZIER

The economic recovery will be bumpy and subdued, The New Zealand Institute of Economic Research (NZIER) said.NZIER is predicting economic growth of 2.7 per cent in 2010 and 1.4 per cent in 2011 calendar years in its quarterly...
Source: nzherald.co.nz - Business | 28 Feb 2010 | 6:03 pm

NZX profits up after carbon registry hit

NZX Ltd, which regulates and operates the stock exchange, posted a weaker full-year profit than it achieved in the first six months of the year, after recognising a drop in the value of the 'Markit' shares it got for the sale of its...
Source: nzherald.co.nz - Business | 28 Feb 2010 | 6:00 pm

U.S., Japan to see leap in distressed property sales

LONDON (Reuters) - The United States and Japan are expected to see the biggest rise in distressed property sales in the first quarter, as the fallout from the global property downturn intensifies, the results of a survey showed on Monday.



Source: Reuters: Business News | 28 Feb 2010 | 5:26 pm

Gore gets more Apple options

Al Gore took his lumps at Apple's shareholders meeting Thursday.
Source: Business and financial news - CNNMoney.com | 28 Feb 2010 | 5:17 pm

Shell selling assets to fund £18bn spending

Royal Dutch Shell is reportedly selling assets including its liquid petroleum gas business and North Sea fields to meet the cost of its $28bn (£18bn) capital spending programme.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 28 Feb 2010 | 5:12 pm

AIG agrees to sell $35.5bn Asian assets to Prudential

Prudential has won the support of both AIG's board and the US government to buy the giant US insurer's crown jewel Asian assets for $35.5bn (£23.5bn).
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 28 Feb 2010 | 5:11 pm

UK economic situation 'improving'

Two surveys suggest growing optimism about the economy, but give a mixed picture about the state of the jobs market.
Source: BBC News | Business | World Edition | 28 Feb 2010 | 5:03 pm

Microsoft urges antitrust complaints about Google

Microsoft has encouraged other companies to complain about Google to antitrust regulators in its most outspoken attack on its rival.


Source: Latest Business News from Times Online | 28 Feb 2010 | 5:01 pm

Pru goes a-wooing for a marriage made in heaven

Talk about globalisation. A quintessentially British company, headed by a charismatic black African Frenchman, buys one of America’s most successful international businesses to create the largest foreign insurance business in Asia. The Pru’s deal with AIG is as global as it gets.


Source: Latest Business News from Times Online | 28 Feb 2010 | 5:01 pm

Bank chiefs promise to hand bonuses to charity

Peter Sands, the chief executive of Standard Chartered Bank, has decided to hand his annual bonus to charity.
Source: Latest Business News from Times Online | 28 Feb 2010 | 5:01 pm

Pru in record rights issue to rule roost in Asia

Prudential is poised to make the biggest cash-call in British corporate history to help to finance an audacious acquisition of American International Group’s Asian assets.
Source: Latest Business News from Times Online | 28 Feb 2010 | 5:01 pm

Monday mainifesto: From streetfighter to big hitter

The world, the banker said, is full of oilfields big enough to make you rich but too small to prick the interest of the industry big boys. Aidan Heavey listened intently to that advice and now, more than 20 years later, he is discovering just how rich.


Source: Latest Business News from Times Online | 28 Feb 2010 | 5:01 pm

High-tech exports will lead recovery says EEF

Factories exporting British innovation will outperform the rest of the economy and lead the country out of recession, the EEF manufacturers’ organisation believes.


Source: Latest Business News from Times Online | 28 Feb 2010 | 5:01 pm

Aviva tells chairmen to justify executive pay

The chairmen of every large listed company in Britain have been warned to justify executive pay packets this year or risk a “no” vote at their annual meetings.
Source: Latest Business News from Times Online | 28 Feb 2010 | 5:01 pm

Chile quake damage could reach $30 billion

The massive earthquake that struck Chile this weekend did between $15 billion and $30 billion in damage to the South American nation's economy, according to a risk management assessment firm.
Source: Business and financial news - CNNMoney.com | 28 Feb 2010 | 4:30 pm

Merck to buy Millipore in $7.2bn deal

Move highlights the continuing trend of consolidation in the global pharmaceuticals sector as drug companies search for new revenues
Source: Financial Times - US homepage | 28 Feb 2010 | 4:23 pm

Hedge funds prosper from Greek debt

Hedge funds have made large profits from Greek debt and providing insurance to overexposed European banks, it emerged on Sunday. France signalled that private lenders were likely to help in any rescue plan for Athens
Source: Financial Times - US homepage | 28 Feb 2010 | 4:05 pm

Demand dips for online films

Hollywood’s hopes for a future built on digital film downloads have been severely undermined by research showing cooling consumer demand for movies online
Source: Financial Times - US homepage | 28 Feb 2010 | 4:01 pm

US manufacturers face skills shortages

Manufacturing companies in the US are struggling to find workers with technical skills even though the sector has shed more than 2m jobs in the past two years. The shortage of skilled staff could restrict companies’ ability to step up production as the economic recovery gathers pace
Source: Financial Times - US homepage | 28 Feb 2010 | 3:02 pm

HSBC's £7bn profits to offer insight into Asian economy

After days of heavy losses from UK banks, HSBC is expected to brighten the mood in the London market.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 28 Feb 2010 | 2:57 pm

UBS drops to third in table of biggest advisors to FTSE100 companies

The corporate broking business of UBS has lost its long-held position as the second-biggest adviser to FTSE 100 companies to US rival Bank of America Merrill Lynch, in a major upset to the City's hierachy.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 28 Feb 2010 | 2:57 pm

Bank for International Settlements reports further £235bn slide in global lending

Global bank lending contracted by a further $360bn (£235bn) in the third quarter of last year and issuance of debt securities tumbled yet again, almost entirely due to economic and credit strains in Europe.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 28 Feb 2010 | 2:57 pm

Payrolls, quake, ISM may steer stocks

NEW YORK (Reuters) - Payrolls could give the U.S. stock market some direction this week as investors comb through the key report on one of the economy's weakest areas.



Source: Reuters: Business News | 28 Feb 2010 | 2:15 pm

Payrolls, quake, ISM may steer stocks (Reuters)

Businessmen are reflected in the electric stock board of a securities firm in Tokyo Monday, March 1, 2010. Asian stock markets advanced Monday, with Hong Kong's index up nearly 2 percent, after China said manufacturing continued to grow last month albeit at a slower pace. Nikkei 225 stock average ended at 10,172.06, up 46.03 points. (AP Photo/Koji Sasahara)Reuters - Payrolls could give the U.S. stock market some direction this week as investors comb through the key report on one of the economy's weakest areas.



Source: Yahoo! News: Stock Markets News | 28 Feb 2010 | 2:15 pm

Caterpillar moves to cut links with Iran

US building equipment group Caterpillar has become the latest company to bow to a lobbyists’ ‘name and shame’ campaign by announcing steps to sever trading links with Iran
Source: Financial Times - US homepage | 28 Feb 2010 | 2:08 pm

Emerging market rate risk unnerves investors

Investors are pricing in big interest rate rises in emerging market economies this year, sparking fears of a stock market sell-off and prompting worries over the global recovery, which has been driven by the developing world
Source: Financial Times - US homepage | 28 Feb 2010 | 12:58 pm

More than 700 killed in Chilean quake

Fear turned to desperation as hundreds of survivors fought over food and water in the cities worst affected by Chile’s devastating earthquake at the weekend, which killed at least 700 people
Source: Financial Times - US homepage | 28 Feb 2010 | 12:11 pm

The Unusual Suspects (BRK-B, CH, ECH, NBG, CRXX, COST, TM, F, RDY, MIL, PALM, SIRI)

This coming week we have many key issues coming front and center in our list of “Unusual Suspects.”  Some are ongoing issues with mergers and the waves of earnings reports seem to be quieting down considerably.  We had big news from Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-B) this weekend and expect more coverage Monday on [...]

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]



Source: 24/7 Wall St. | 28 Feb 2010 | 11:49 am

Summary Box: Investors await employment report (AP)

AP - ADDED SIGNIFICANCE: Investors will look to the monthly jobs report for clearer signs on the direction of the economy after a string of mixed economic data and ongoing concerns about Europe.
Source: Yahoo! News: Stock Markets News | 28 Feb 2010 | 10:51 am

Jobs report critical after mixed economic data (AP)

AP - Investors are seeking direction. Friday's report on employment could give them exactly what they want.
Source: Yahoo! News: Stock Markets News | 28 Feb 2010 | 10:48 am

Prudential's $35 billion bid for AIA depends on Asian markets (Reuters)

Reuters - Prudential's bid to buy American International Group's Asian life unit is a bet against Asian stock markets as falling share prices across the region would make the alternative of listing the business in Hong Kong less attractive.
Source: Yahoo! News: Stock Markets News | 28 Feb 2010 | 8:47 am

Apple Finds Underage Labor Problem At Suppliers

Apple (AAPL) found that three of the companies that provide it with components to build its products employ underage workers. Apple’s 2010 Supplier Responsibility reports says that “Apple discovered three facilities that had previously hired 15-year-old workers in countries where the minimum age for employment is 16.” Apple also found that some suppliers inappropriately disposed of [...]

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]



Source: 24/7 Wall St. | 28 Feb 2010 | 7:31 am

Toyota CEO Road Trip Goes To China

The United States may be Toyota’s largest market, but the largest car market in the world is China. After a grilling by Congress and meeting with the Transportation Secretary and employees meant to save as much of Toyota’s 18% market share in the US as possible. Akio Toyoda is off to the world’s most populous nation. China [...]

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]



Source: 24/7 Wall St. | 28 Feb 2010 | 5:45 am