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Optimism mounts ahead of US jobs dataGlobal Markets Overview: Stocks rise ahead of non-farm payrolls figures, which are expected to show that the US economy lost 50,000 jobs in FebruarySource: Financial Times - US homepage | 5 Mar 2010 | 3:11 am Stop squandering my inheritance!Getting old brings a host of changes. Achy knees. Way more time to play bridge. And, occasionally, the tendency to make unwise money decisions.Source: Business and financial news - CNNMoney.com | 5 Mar 2010 | 3:11 am China Loses Some Of It AmbitionMany economists and experts at the IMF and World Bank have said that China’s GDP growth could be over 10% this year. That is based on the increased demand for consumer goods among China’s growing middle class and a potential rising demand for China exports which should be stimulated by a recovery of the economies in [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Mar 2010 | 3:05 am London Markets: British shares up as miners, banks riseAnglo-Swiss mining firm Xstrata gained ground on Friday after a deal to sell its Prodeco assets in Columbia to shareholder Glencore, a move that helped the metals sector to advance in the British stock market.
Source: MarketWatch.com - Top Stories | 5 Mar 2010 | 3:00 am Snow expected to cloud February employment report (AP)
Source: Yahoo! News: Business News | 5 Mar 2010 | 2:50 am Shares rise, dollar steady before U.S. jobs dataLONDON (Reuters) - World stocks pushed higher on Friday after better-than-forecast U.S. retail sales suggested the world's biggest economy was stabilizing while the dollar held broadly steady ahead of U.S. jobs data.
Source: Reuters: Business News | 5 Mar 2010 | 2:45 am Greek PM seeks EU debt pledge as protests grow (AP)
Source: Yahoo! News: Business News | 5 Mar 2010 | 2:38 am Battle-tested: The new leaders of tomorrowHow a decade of war has created a new generation of elite young executives. Five military officers share how they've taken their field experience into the office.Source: Business and financial news - CNNMoney.com | 5 Mar 2010 | 2:38 am Wages are rising. Really.The end of more than two years of job losses can't come soon enough for most Americans.Source: Business and financial news - CNNMoney.com | 5 Mar 2010 | 2:35 am The next tech goldmine: Medical recordsWhen Dr. Bradley Block, a family physician in Florida, began to investigate electronic medical record systems for his four-doctor practice, he discovered that many of the largest firms in the field were not particularly interested in his business.Source: Business and financial news - CNNMoney.com | 5 Mar 2010 | 2:32 am FTSE 100 rises at the open (AFP)
Source: Yahoo! News: Stock Markets News | 5 Mar 2010 | 2:24 am BAE Systems sells 10 percent stake in Saab AB (AP)AP - Defense contractor BAE Systems PLC said Friday it has sold a 10.25 percent stake in Swedish defense company Saab AB for 1.066 billion kronor ($149 million) as part of an ongoing divestment process.Source: Yahoo! News: Business News | 5 Mar 2010 | 2:22 am China premier pledges attention to jobs, stability (AP)
Source: Yahoo! News: Business News | 5 Mar 2010 | 2:10 am Toyota: no evidence of throttle failure in fixed carsTOYOTA CITY, Japan (Reuters) - Toyota Motor Corp said a partial review of complaints of unintended acceleration after vehicles were repaired had found no evidence of failure in the electronic throttle system or the fixes.
Source: Reuters: Business News | 5 Mar 2010 | 2:04 am China's Wen Jiabao says economic turnaround is not yet fundamental improvementWen Jiabao says this year the country must lay the foundations for stronger internal demand.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Mar 2010 | 2:04 am Media Digest 3/5/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: The House passed the $15 billion jobs bill. Reuters: China will slow government stimulus spending. Reuters: Toyota (TM) said there is no evidence of unintended acceleration in fixed cars. Reuters: Microsoft (MSFT) will keep its plans in China despite Google’s (GOOG) problems. Reuters: The head of the FBI warned against the growing cyber threat Reuters: China expects an 11% [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Mar 2010 | 2:02 am North-south riftGermany wary of footing bill for bailing out GreeceSource: BBC News | Business | World Edition | 5 Mar 2010 | 2:00 am Currencies: Dollar gains on yen on BOJ easing reportThe dollar gained on the yen in Asian trading Friday after a report suggested the Bank of Japan might consider further easing steps, which weighed on the Japanese currency.
Source: MarketWatch.com - Top Stories | 5 Mar 2010 | 1:57 am Salzgitter posts 2009 pretax loss (AP)AP - German steelmaker Salzgitter AG says it had a pretax loss last year of euro497 million ($675 million) as a result of the economic downturn.Source: Yahoo! News: Business News | 5 Mar 2010 | 1:56 am Oil-rich nations want a bigger cut of profitsTwo of the world's oil-rich countries may make it harder for oil companies to do business with them.Source: Business and financial news - CNNMoney.com | 5 Mar 2010 | 1:55 am Europe Markets: European shares advance ahead of U.S. jobs reportEuropean shares advanced on Friday, helped by gains in the banking sector ahead of a key report on the U.S. jobs picture.
Source: MarketWatch.com - Top Stories | 5 Mar 2010 | 1:52 am World stocks rise ahead of US jobs data (AP)
Source: Yahoo! News: Business News | 5 Mar 2010 | 1:51 am World stocks rise ahead of US jobs data (AP)
Source: Yahoo! News: Stock Markets News | 5 Mar 2010 | 1:51 am Dow positive for 2010Stocks ended a volatile session higher Thursday as investors welcomed improved retail sales and a report showing that the pace of job losses is slowing, ahead of Friday's big government employment report.Source: Business and financial news - CNNMoney.com | 5 Mar 2010 | 1:40 am Mitchells & Butlers finance chief quitsThe finance director of Mitchells & Butlers (M&B), the pub group, is leaving to join Rentokil Initial. Source: Latest Business News from Times Online | 5 Mar 2010 | 1:38 am Europe stocks rise on Asian gains (AFP)
Source: Yahoo! News: Stock Markets News | 5 Mar 2010 | 1:37 am Oil rises towards $81; China signals continued stimulusSINGAPORE (Reuters) - Crude climbed on Friday, capping two consecutive weeks of trading above $80, after China signaled it would maintain its economic stimulus, rekindling hopes for accelerating growth to drain excess oil supplies.
Source: Reuters: Business News | 5 Mar 2010 | 1:33 am Oil rises towards $81; China signals continued stimulus (Reuters)
Source: Yahoo! News: Business News | 5 Mar 2010 | 1:33 am Asia Markets And Europe Open (3/5/2010)Markets in Asia were higher. The Nikkei rose 2% to 10,348. Sony (SNE) rose sharply. The Hang Seng was up .6% and the Shanghai Composite rose .1%. Data from MarketWatch Douglas A. McIntyre Filed under: International Markets Tagged: SNE[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Mar 2010 | 1:28 am WPP betting on World Cup and US Congressional elections to kick-start ad spendingThe world's largest advertising company expects the Football World Cup to help pull the industry back from the abyss.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Mar 2010 | 1:21 am Claim: San Francisco giving gardeners toxic sludgeSan Francisco is generally regarded as environmentally conscious. But one public interest and environmental advocacy group is protesting the city's practice of giving away treated sewage asSource: RSS feed - channel BNewsBusiness | 5 Mar 2010 | 1:11 am Business Bullet: Asia, Greece, Sainsbury's, WPPThe latest news on: Asia, Greece, Sainsbury's, WPPSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Mar 2010 | 1:10 am Australian court: Vioxx doubled heart attack riskThe once-popular painkiller Vioxx doubled the risk of heart attack and was unfit for consumption, an Australian court ruled Friday, awarding a man leading a class action suit against the...Source: RSS feed - channel BNewsBusiness | 5 Mar 2010 | 1:10 am Fernández vows to ignore court over reservesArgentina’s president has said that no judge would stop her from using central bank reserves to repay debts, a move that has led to a constitutional crisisSource: Financial Times - US homepage | 5 Mar 2010 | 1:07 am Market oversupplied, no OPEC quota changes:LibyaThe global oil market is oversupplied and OPEC will not change production quotas when its members next meet in Vienna on March 17, the head of Libya's National Oil Company said on Friday.Source: RSS feed - channel BNewsBusiness | 5 Mar 2010 | 1:04 am Before TARP panel, Citi chief thanks taxpayersCEO Vikram Pandit says he is working to avoid the need for any future handouts. Facing the government's bailout...Source: RSS feed - channel BNPaperBusiness | 5 Mar 2010 | 1:00 am The high cost of quake insurance will rock your bank accountYves Didier has been a strong believer in earthquake insurance since the 1994 Northridge quake, when his apartment building was severely damaged and some of his neighbors lost their lives.Source: RSS feed - channel BNPaperBusiness | 5 Mar 2010 | 1:00 am Retail sales show strongest gain since before the recessionSales soar 4% from a year earlier as every sector except drugstores performs better than predicted, though weak 2009 figures skew comparisons. ...Source: RSS feed - channel BNPaperBusiness | 5 Mar 2010 | 1:00 am More owners of Toyota vehicles say recall repairs aren't workingSome of the more than 60 drivers reporting incidents say sudden unintended acceleration has happened to them more than once since having modifications done at dealers.More than 60 drivers have complained of sudden acceleration incidents despite the fact that their cars were repaired by Toyota Motor Corp. in the current recalls, new data released Thursday show.
Source: L.A. Times - Business | 5 Mar 2010 | 1:00 am Blippy.com gives the world a peek inside your wallet -- and that's the pointThe networking site's users say they get valuable information by exchanging intimate financial details. Critics raise privacy concerns, but founders insist safeguards are in place.Comedy Central's Stephen Colbert, poking fun at people who bare minute details of their lives online, rattled off some of the more "riveting" updates on Blippy.com, a new social networking site that lets people share their spending habits with friends.
Source: L.A. Times - Business | 5 Mar 2010 | 1:00 am 'Alice in Wonderland' may have the last grinWalt Disney's 3-D version, directed by Tim Burton and starring Johnny Depp, is headed for one of the biggest winter debuts ever.Alice is likely to find a huge pot of box-office gold at the bottom of the rabbit hole this weekend.
Source: L.A. Times - Business | 5 Mar 2010 | 1:00 am 30-year fixed mortgage rates dip below 5% againThe rate, which has hovered around that mark since September, fell to 4.97% this week from 5.05% last week. The...Source: RSS feed - channel BNPaperBusiness | 5 Mar 2010 | 1:00 am Activision is sued by former heads of Infinity Ward studioJason West and Vince Zampella, who led the developer of the Call of Duty: Modern Warfare video game, allege wrongful termination and breach of contract. ...Source: RSS feed - channel BNPaperBusiness | 5 Mar 2010 | 1:00 am Before TARP panel, Citi chief thanks taxpayersCEO Vikram Pandit says he is working to avoid the need for any future handouts.Facing the government's bailout watchdogs for the first time, Citigroup Inc. Chief Executive Vikram Pandit publicly thanked taxpayers Thursday for the $45 billion that helped save the company during the financial crisis and said he was taking steps to ensure future handouts would not be needed.
Source: L.A. Times - Business | 5 Mar 2010 | 1:00 am Activision is sued by former heads of Infinity Ward studioJason West and Vince Zampella, who led the developer of the Call of Duty: Modern Warfare video game, allege wrongful termination and breach of contract.Call of Duty: Modern Warfare has led to legal warfare at Activision.
Source: L.A. Times - Business | 5 Mar 2010 | 1:00 am High-tech industry is powering up againHelped by a spate of acquisitions, start-ups are getting funded, which gives them a chance to hire.It looked as if the economy had dealt a powerful blow to L.J. Mottel, a 35-year-old father of two, when his employer, the Fontainebleau hotel and resort in Las Vegas, filed for bankruptcy and laid him off. ¶ But unlike other victims of the downturn, Mottel had the luck of a high-roller on a hot streak: He was the Fontainebleau's director of information technology, and that made him a hot commodity. He didn't have to wait long before getting a new job at Service-now.com, a Solana Beach, Calif., tech firm that develops Web applications to help companies automate their IT departments. ¶ "I never got the panicky feeling," Mottel said. "I felt the IT field is the right place to be." ¶ While unemployment continues to limp along at nearly 10% nationally and more than 12% in California, the high-tech industry is on a roll. Sparked in part by a series of acquisitions, start-ups are getting funded again, giving them the cash infusion needed to hire. ¶ Some tech companies are even having a hard time finding qualified employees to fill their openings, a reflection both of the competition to hire talent and of some workers' unwillingness to move.
Source: L.A. Times - Business | 5 Mar 2010 | 1:00 am The high cost of quake insurance will rock your bank accountYves Didier has been a strong believer in earthquake insurance since the 1994 Northridge quake, when his apartment building was severely damaged and some of his neighbors lost their lives.
Source: L.A. Times - Business | 5 Mar 2010 | 1:00 am Salmonella found in food additive sparks recallStores including those operated by Safeway are pulling items that could contain tainted hydrolyzed vegetable protein.The Food and Drug Administration on Thursday announced a potentially massive recall of salad dressing, chip dip, soup mixes and other foods made with a commonly used food additive that may be contaminated with salmonella.
Source: L.A. Times - Business | 5 Mar 2010 | 1:00 am Retail sales show strongest gain since before the recessionSales soar 4% from a year earlier as every sector except drugstores performs better than predicted, though weak 2009 figures skew comparisons.The retail industry's slow but steady recovery picked up the pace in February, with the nation's merchants posting the best sales results in more than two years.
Source: L.A. Times - Business | 5 Mar 2010 | 1:00 am High-tech industry is powering up againHelped by a spate of acquisitions, start-ups are getting funded, which gives them a chance to hire. It looked...Source: RSS feed - channel BNPaperBusiness | 5 Mar 2010 | 1:00 am City National repays remainder of TARP fundsThe largest bank based in Southern California had been eager to put the $400-million infusion behind it. City...Source: RSS feed - channel BNPaperBusiness | 5 Mar 2010 | 1:00 am Pending home sales index drops 7.6% in JanuaryThe National Assn. of Realtors index of deals under contract fell to 90.4 from 97.8 in December. It's 12.3% higher than January 2009. ...Source: RSS feed - channel BNPaperBusiness | 5 Mar 2010 | 1:00 am Blippy.com gives the world a peek inside your wallet -- and that's the pointThe networking site's users say they get valuable information by exchanging intimate financial details. Critics raise privacy concerns, but founders insist safeguards are in place. ...Source: RSS feed - channel BNPaperBusiness | 5 Mar 2010 | 1:00 am WPP no longer ‘staring into the abyss’WPP, the world’s largest advertising company, reported better-than-expected profits for 2009 and said that it was “no longer staring into the abyss”. Source: Latest Business News from Times Online | 5 Mar 2010 | 12:57 am Hong Kong's richest man to bid for EDF EnergyHong Kong's richest man Li Ka-shing will bid for the British arm of French state electricity giant EDF this month, his spokeswoman said Friday. Li's Cheung Kong Infrastructure Holdings...Source: RSS feed - channel BNewsBusiness | 5 Mar 2010 | 12:55 am Oz stocks: Resources drive gainsThe Australian share market closed marginally in the black after gains in the resources and energy sectors, although investors were tentative ahead of US employment figures.The benchmark S&P/ASX200 index was up 16.7 points, or...Source: nzherald.co.nz - Business | 5 Mar 2010 | 12:53 am WPP says 2009 was 'brutal year'The world's biggest advertising group, WPP, says it was "staring into the abyss" last year but is now recovering.Source: BBC News | Business | World Edition | 5 Mar 2010 | 12:53 am NZ markets: Modest gain on quiet dayThe New Zealand sharemarket rose for an eighth successive trading day to a six-week high but brokers described it as a quiet day.The benchmark NZX-50 index closed up 1.086 points, or 0.034 per cent, at 3214.643. Overall market...Source: nzherald.co.nz - Business | 5 Mar 2010 | 12:35 am China's Wen plans further action on housing pricesChinese Premier Wen Jiabao issues his latest warning on red-hot property prices, signaling new measures, including tighter lending, targeted taxes, and stricter enforcement real-estate laws.
Source: MarketWatch.com - Top Stories | 5 Mar 2010 | 12:34 am Toyota boss tries to boost moraleToyota boss Akio Toyoda dons a worker's uniform to address the company's Japanese workforce in an attempt to boost morale.Source: BBC News | Business | World Edition | 5 Mar 2010 | 12:33 am 'No evidence of failure' after US recall fixes: ToyotaEmbattled Toyota said Friday it had found no evidence of failure in vehicles it had fixed for accelerator problems after some 60 post-recall complaints were sent to US authorities. US...Source: RSS feed - channel BNewsBusiness | 5 Mar 2010 | 12:13 am Angry Icelanders set to reject Icesave dealREYKJAVIK (Reuters) - Icelanders are set to reject the terms for repaying Anglo-Dutch debts in a referendum on Saturday, forcing new negotiations with creditors and delaying financial aid the country needs to fix its shattered economy.
Source: Reuters: Business News | 5 Mar 2010 | 12:11 am Guy Hands case against Citigroup delayedGuy Hands, the chairman of Terra Firma, must wait until the end of March to learn if he has won his high-profile attempt to sue Citigroup in New York for tricking him into the £4.2 billion takeover of EMI. Source: Latest Business News from Times Online | 4 Mar 2010 | 11:36 pm Toyota: no evidence throttle fails in fixed cars (Reuters)Reuters - Toyota Motor Corp said a partial review of complaints of unintended acceleration after vehicles were repaired for accelerator pedal problems, had found no evidence of failure in the electronic throttle system or in the repairs.Source: Yahoo! News: Business News | 4 Mar 2010 | 11:22 pm Currency: NZ dollar firms slightlyThe New Zealand dollar rose slightly today on short-covering ahead of US non-farm payrolls data and continued to trade near a decade low against the Australian dollar.The NZ dollar was US68.76c at 5pm, up from US68.60c at 8am...Source: nzherald.co.nz - Business | 4 Mar 2010 | 10:44 pm China to target 8% economic growth rateChinese Premier Wen Jiabao said the government would slow the number of new investment projectsSource: Financial Times - US homepage | 4 Mar 2010 | 10:37 pm China expects this year's deficit at 2.8% of GDPChinese Premier Wen Jiabao offers a budget-deficit forecast that would be a little wider than last year’s deficit, though other government officials say the gap will remain less than 3% of gross domestic product.
Source: MarketWatch.com - Top Stories | 4 Mar 2010 | 10:32 pm Oil rises to near $81 ahead of key US jobs reportOil prices rose to near $81 a barrel Friday in Asia as crude traders followed equity markets higher ahead of a key U.S. jobs report. Benchmark crude for April delivery was up 53 cents toSource: RSS feed - channel BNewsBusiness | 4 Mar 2010 | 10:28 pm Blizzards seen slamming U.S. payrolls in FebruaryWASHINGTON (Reuters) - The number of people working in the United States likely fell in February as winter storms that pounded parts of the country kept some workers at home but a swift recovery is expected in March.
Source: Reuters: Business News | 4 Mar 2010 | 10:24 pm T. Boone Pickens cuts capacity of wind projectThe 81-year-old Texas oilman and alternative-energy advocate muses on his recent efforts to get natural-gas legislation passed, and his pared-down plan to place wind turbines once slated for Canada and Minnesota.
Source: MarketWatch.com - Top Stories | 4 Mar 2010 | 10:13 pm Snow expected to cloud February employment reportThe government's closely watched monthly employment report will be unusually hard to read this time. That's because the snowstorms that hammered the East Coast last month occurred on theSource: RSS feed - channel BNewsBusiness | 4 Mar 2010 | 10:01 pm House passes jobs bill despite doubts (AP)
Source: Yahoo! News: Business News | 4 Mar 2010 | 10:01 pm TaxWatch: Seven tax tasks to do in MarchApril’s approaching. Are you ready to get going on your taxes? Here’s a rundown of seven tax tasks to take care of this month.
Source: MarketWatch.com - Top Stories | 4 Mar 2010 | 10:01 pm Realty Q&A: Flood insurance for your home is money well spentThe cost of flood insurance is based on many factors. First and foremost, of course, is the location of the building. But the folks at the Federal Emergency Management Administration tell me that there are other considerations besides the potential for and estimated severity of flooding in a specific area.
Source: MarketWatch.com - Top Stories | 4 Mar 2010 | 10:01 pm FundWatch: Buffett and Berkshire outperform all mutual fundsMany investors can only look on with envy when Warren Buffett says his shareholders have seen 20% annualized gains over the past 45 years -- even the best mutual funds pale by comparison.
Source: MarketWatch.com - Top Stories | 4 Mar 2010 | 10:01 pm Blame Washington for economic uncertaintyWhen it comes to talking about what is holding back the economy, politicians in Washington should look in the mirror, writes Kathleen Madigan.
Source: MarketWatch.com - Top Stories | 4 Mar 2010 | 10:01 pm Tax Tips: Don't Lend Uncle Sam Money (Tax Tips)Receiving a big refund or a staggering tax bill? Now's the time to correct it.
Source: SmartMoney.com | 4 Mar 2010 | 10:00 pm Fitch ratings says Fonterra "stable" at "AA-"International credit agency Fitch Ratings today affirmed Fonterra's long-term issuer default rating (IDR) at "AA-" and short-term IDR at "F1+", with a stable outlook.Fitch has also affirmed the ratings of Fonterra's senior unsecured...Source: nzherald.co.nz - Business | 4 Mar 2010 | 9:30 pm Private Transfer Fee Covenants Give Buyers a Choice About How To Pay for Rising Infrastructure CostsSource: RSS feed - channel BNewsBusiness | 4 Mar 2010 | 9:06 pm Wen Jiabao unveils increased social and rural spending for ChinaChina congratulated itself today on its escape relatively unscathed from the global financial crisis but warned against complacency and vowed that the poor would not be forgotten in its economic advance. Source: Latest Business News from Times Online | 4 Mar 2010 | 8:56 pm China 'must reverse inequalities'Premier Wen Jiabao tells China's annual parliamentary session the gap between rich and poor must be reduced.Source: BBC News | Business | World Edition | 4 Mar 2010 | 8:53 pm China promises strong growth in 'crucial year'China's Premier Wen Jiabao promised strong growth this year and said the government will combat inflation and risks to banks to keep the rebound in the world's third-largest economy on...Source: RSS feed - channel BNewsBusiness | 4 Mar 2010 | 8:49 pm Financial advisers warned of money laundering riskFinancial advisers are being warned they are a potential target for money laundering and have been invited to fill out an online survey on the subject.The Institute of Financial Advisers says recent high profile frauds show all...Source: nzherald.co.nz - Business | 4 Mar 2010 | 8:44 pm China eyes 11 percent industrial output growth this yearBEIJING (Reuters) - China must have 11 percent industrial output growth this year to achieve its GDP target of 8 percent, Minister of Industry and Information Technology Li Yizhong said on Friday.
Source: Reuters: Business News | 4 Mar 2010 | 8:41 pm China eyes 11 percent industrial output growth this yearBEIJING (Reuters) - China must have 11 percent industrial output growth this year to achieve its GDP target of 8 percent, Minister of Industry and Information Technology Li Yizhong said on...Source: RSS feed - channel BNewsBusiness | 4 Mar 2010 | 8:41 pm Two police officers injured in Pentagon shootingThe Department of Defense is investigating the shooting of two police officers at the PentagonSource: Financial Times - US homepage | 4 Mar 2010 | 8:22 pm Long lines at theme parks are for jobsWhite-collar workers are among thousands flooding amusement parks with applications. Job fairs are superfluous.Theme parks are being flooded with applications from job seekers, as unemployed mortgage agents, sales clerks and construction workers who can't find work elsewhere seek temporary positions that often pay little more than minimum wage.
Source: L.A. Times - Business | 4 Mar 2010 | 8:06 pm Long lines at theme parks are for jobsWhite-collar workers are among thousands flooding amusement parks with applications. Job fairs are superfluous. ...Source: RSS feed - channel BNPaperBusiness | 4 Mar 2010 | 8:06 pm Tower pushes PPPs for KiwiSaver fundsTower Investments is pushing for KiwiSaver schemes to be able to invest funds in infrastructure public private partnerships (PPPs).Tower Investments chief executive Sam Stubbs said KiwiSaver schemes were natural investors in infrastructure...Source: nzherald.co.nz - Business | 4 Mar 2010 | 7:45 pm Questor share tips: Ignore traders' short-termism and buy AmecThe stock market is meant to price in future events - it's just that the timescale isn't that long. So the reason for Amec's share slump yesterday was that traders were looking at what will happen to the energy service group's profit and loss account in 2010 and not at what will happen from 2011 and beyond.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Mar 2010 | 7:07 pm Questor share tip: Buy IMI for good valueAnother company that has been moving away from low-margin businesses is engineering group IMI - and it has been having some success. The company makes specialist engineering products such as air-conditioning units and industrial pneumatic equipment.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Mar 2010 | 7:06 pm Opus and Fulton Hogan win $168m Te Rapa road contractThe New Zealand Transport Authority has awarded the $168.7 million contract to build the next chunk of the expressway between Auckland and Hamilton to a consortium involving roading firm Fulton Hogan and listed engineering consultancy...Source: nzherald.co.nz - Business | 4 Mar 2010 | 7:02 pm Anglo American plays a blinder at WembleyLet's start at Wembley where I understand Sir John Parker was in fine form hosting a party at England's victory over Egypt.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Mar 2010 | 6:58 pm Schroders profits hit despite asset inflowsSchroders said pre-tax profits fell by nearly a third in 2009 compared to the year before as a reflection of the asset manager's less lucrative client base.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Mar 2010 | 6:54 pm Balfour Beatty is confident despite 1pc profit dipBalfour Beatty, the construction group, saw full-year profits slip 1pc to £267m in the year to December 31 2009.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Mar 2010 | 6:53 pm Kazakhmys in dividend surpriseMining group Kazakhmys yesterday surprised the market when it said it was to reinstate its final dividend for the 2009 financial year, as costs plunged and the group beat consensus profit expectations.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Mar 2010 | 6:52 pm IMI job cuts help increase profitsIMI, the engineering group, reported a 5pc increase in full-year pre-tax profits after it cut 2,600 staff in the face of falling demand.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Mar 2010 | 6:51 pm The Parthenon Is For SaleThe Parthenon was built in 432 BC. It is priceless. The site brings in a lot of tourist dollars, but it more than a source of capital; it is a national treasure like the Louvre. A member of the German conservative CDU party, Marco Wanderwitz, said he wanted Greece to sell off some of its islands [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Mar 2010 | 6:01 pm Toyota owners say problems recur after recall fixUS safety officials say they have received more than 60 complaints from Toyota owners still experiencing sudden unintended acceleration even after their vehicles have been repaired by Toyota dealersSource: Financial Times - US homepage | 4 Mar 2010 | 6:01 pm Pandit blames Citi’s woes on short sellingVikram Pandit, chief executive of Citigroup, blamed “short selling” rather than any self-inflicted weakness for the bank’s near-collapse in 2008 and thanked taxpayers for its government bail-outSource: Financial Times - US homepage | 4 Mar 2010 | 5:48 pm Equity One reports jump in profit during 4Q (AP)AP - Shopping center owner Equity One Inc. said Thursday it posted a 71 percent increase in fourth-quarter funds from operations, reporting higher revenue and an income tax benefit.Source: Yahoo! News: Business News | 4 Mar 2010 | 5:46 pm Fewer discounts help U.S. stores weather February snowCHICAGO (Reuters) - U.S. retailers posted their best monthly sales performance since just before the recession started in 2007, as lean inventories meant they did not need to resort to steep discounts.
Source: Reuters: Business News | 4 Mar 2010 | 5:44 pm Turkey recalls ambassador over US voteBarack Obama’s project of building a ‘model partnership’ with Turkey faces its biggest test after a congressional panel voted on a resolution describing the Ottoman-era massacres of some 1.5m Armenians as genocideSource: Financial Times - US homepage | 4 Mar 2010 | 5:42 pm Fed's Bullard impatient about Fed rate pledgeSt. CLOUD, Minnesota (Reuters) - A second senior Federal Reserve official on Thursday joined the ranks of those doubting whether the Fed should continue to commit to hold rates exceptionally low for an extended period, a sign pressures are building to drop the wording.
Source: Reuters: Business News | 4 Mar 2010 | 5:42 pm Wholesale trade sales up in December quarterWholesale trade sales rose a seasonally adjusted 1.9 per cent or $383 million in the December quarter, the first rise since June 2008.The declines between the September 2008 and September 2009 quarters was the most prolonged period...Source: nzherald.co.nz - Business | 4 Mar 2010 | 5:25 pm King ratRodents are clearing land mines in AfricaSource: BBC News | Business | World Edition | 4 Mar 2010 | 5:12 pm SEC charges market psychic alleging $6M scam (AP)AP - A man calling himself "America's Prophet" and claiming the psychic ability to predict the stock market's highs and lows was accused by federal regulators Thursday of bilking $6 million from more than 100 investors.Source: Yahoo! News: Stock Markets News | 4 Mar 2010 | 5:12 pm Brand builderBMW relies heavily on new 5-series' successSource: BBC News | Business | World Edition | 4 Mar 2010 | 5:04 pm Tribal loyalties: voters who the parties are wooingFamily guys Source: Latest Business News from Times Online | 4 Mar 2010 | 5:01 pm Former KGB spy Alexander Lebedev adds to his pile with The IndependentAlexander Lebedev, the former KGB spy, is the new owner of The Independent, industry sources told The Times. Source: Latest Business News from Times Online | 4 Mar 2010 | 5:01 pm ‘Fixed’ cars still accelerating on their ownAt least ten Toyota drivers have complained to American safety officials that their cars had accelerated unexpectedly after the company had supposedly fixed the problem. Source: Latest Business News from Times Online | 4 Mar 2010 | 5:01 pm Amec set for £1.5bn buy-up spreeAmec, the oil and engineering services group, said that it was preparing for an acquisition spree worth up to £1.5 billion yesterday, even as it warned of a “challenging” year ahead and disappointed investors with lacklustre 2009 earnings. Source: Latest Business News from Times Online | 4 Mar 2010 | 5:01 pm Bank rates steady to mark year at record lowThe Bank of England’s Monetary Policy Committee left interest rates unchanged at 0.5 per cent yesterday and also held back from any increases to its asset purchase programme. Source: Latest Business News from Times Online | 4 Mar 2010 | 5:01 pm Energy giant accused of ‘token gesture’ price cutTen million families will see their gas bills fall by just £30 a year after a 4 per cent price cut that was dismissed yesterday as a token gesture. Source: Latest Business News from Times Online | 4 Mar 2010 | 5:01 pm Tough Budget despite deficit gains - EnglishFinance Minister Bill English is still warning of belt tightening in the upcoming Budget, despite the Government's books turning up better than expected results for the first seven months of the financial year.The Government's...Source: nzherald.co.nz - Business | 4 Mar 2010 | 5:00 pm Supertax pulls in £2.5bn for UK TreasuryTariff on bonuses will give the UK government an unexpectedly large windfall to spend ahead of the general electionSource: Financial Times - US homepage | 4 Mar 2010 | 4:50 pm Scottish and Southern cuts billsScottish and Southern Energy will cut its gas bills for domestic customers by 4% from 29 March, the company announces.Source: BBC News | Business | World Edition | 4 Mar 2010 | 4:33 pm Shareholder watchdog defends Telecom salariesThe chairman of the Shareholders Association has defended Telecom executives' high salaries, saying the company operates in a global market and must pay globally competitive salaries.Former Telecom head Theresa Gattung yesterday...Source: nzherald.co.nz - Business | 4 Mar 2010 | 4:30 pm Lobstermen see red over low pricesMaine's lobstermen are working harder for less, as demand drops for their expanding harvest.Source: Business and financial news - CNNMoney.com | 4 Mar 2010 | 4:24 pm MPs warn pub firms on 'beer ties'Laws could be introduced forcing pub firms to change practices blamed for stifling competition, MPs warn.Source: BBC News | Business | World Edition | 4 Mar 2010 | 4:22 pm Write-Offs: 03.04.10
$$$ First the Volcker Rule, Now the Eddie Murphy Rule [MarketBeat] $$$ Duff McDonald on Jamie Dimon [Charlie Rose] $$$ Charlie Gasparino has some thoughts about Governor Paterson [FBN] $$$ Steve Eisman Plays Hopscotch on Park [NYO] $$$ Caeser’s wants to give you a free buy-in/room for next weekend’s poker tournament. [DB] 
 Source: Dealbreaker | 4 Mar 2010 | 4:15 pm How the major stock indexes fared on Thursday (AP)AP - Optimism about the government's February jobs report sent the Dow Jones industrials back into the black for 2010. Stocks ended Thursday with a moderate advance after managing only small moves for much of the day. Investors seemed to set aside concerns about the day's mixed economic reports and focus instead on the Labor Department's jobs report, due Friday morning.Source: Yahoo! News: Stock Markets News | 4 Mar 2010 | 4:09 pm Wall Street rallies late on retail sales (Reuters)
Source: Yahoo! News: Stock Markets News | 4 Mar 2010 | 4:08 pm Buyers nibble at Toyota's baitToyota's new incentive plan appears to have piqued the interest of buyers looking to snag a good deal, reports showed Thursday, even as the automaker's recall woes linger.Source: Business and financial news - CNNMoney.com | 4 Mar 2010 | 4:08 pm Grocers and Food, Commercial Realty, TiVo, Conseco: TakingStockSource: Bloomberg - All Podcasts | 4 Mar 2010 | 3:57 pm Citigroup Couple Gets Married At Apple Store, Thanks Steve Jobs, Snubs Vikram
Source: Dealbreaker | 4 Mar 2010 | 3:55 pm Summary Box: Dow industrials erase losses for 2010 (AP)AP - BACK TO GAINS: The Dow Jones industrial average rose 48 points to erase its losses for 2010. Traders set aside some concerns about a drop in pending home sales and looked ahead to the government's February jobs report, due Friday morning.Source: Yahoo! News: Stock Markets News | 4 Mar 2010 | 3:42 pm Dow erases its loss for 2010 ahead of jobs report (AP)
Source: Yahoo! News: Stock Markets News | 4 Mar 2010 | 3:40 pm Coca-Cola Raised to `Buy' from UBS: AudioSource: Bloomberg - All Podcasts | 4 Mar 2010 | 3:39 pm Essar to buy Trinity for up to $600mThe Indian conglomerate agrees to buy Trinity Coal for $550m-$600m in a deal signalling the return of the country’s industrial groups to the global acquisition trailSource: Financial Times - US homepage | 4 Mar 2010 | 3:24 pm SEC Sues Psychic For Securities FraudBy Jacob Goldstein "I have called ALL the highs and lows of the market, giving EXACT DATES for rises and crashes over the last 14 years," Sean David Morton allegedly wrote in a newsletter back in 2006. Yes, that was a bold claim. Sure, the use of ALL CAPS may have been excessive. Then again, this was back in the bubble days. Anything seemed possible! So Morton managed to raise $6 million from investors, according to a lawsuit the SEC filed today accusing him of securities fraud. I tried to get in touch with Morton, whose Web site describes him as a "natural psychic, trained Remote Viewer, intuitive consultant, investigative reporter, and accomplished award winning director, screenwriter and film and TV producer." There was no reply to the email I sent to his company, and the phone number listed on his Web site was busy. Here are some of the key accusations in the SEC's lawsuit: Morton claimed that he would use his psychic expertise to provide investment guidance to his investing team, and falsely touted his historical success in psychically predicting the various rises and falls of the market. Morton further claimed that he would use the pooled funds to trade in foreign currencies and distribute pro rata the trading profits among the investors. However, Morton lied to investors about his past successes, and about key aspects of the Delphi Investment Group, including the use of investor funds and the liquidity of the funds, and that the profits in the accounts were audited and certified. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 4 Mar 2010 | 3:20 pm Pay czar questions Wells Fargo CEO's compensationNEW YORK (Reuters) - Pay czar Kenneth Feinberg believes the compensation paid to Wells Fargo & Co's chief executive for 2009 "raises serious questions," he told CNBC on Thursday.
Source: Reuters: Business News | 4 Mar 2010 | 3:00 pm Wendy's/Arby's, Abercrombie & Fitch are big movers (AP)AP - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:Source: Yahoo! News: Stock Markets News | 4 Mar 2010 | 2:41 pm Do you need earthquake insurance?The earthquakes in Haiti and Chile remind us about how vulnerable our own homes may be in the event of an earthquake. While we have the good fortune to even have the option to buy earthquake insurance for our homes, there are some things you should know about this type of coverage.Source: Business and financial news - CNNMoney.com | 4 Mar 2010 | 2:31 pm Barbara Boxer Has An Idea About What To Do With Your Bonuses
Your choice!
Source: Dealbreaker | 4 Mar 2010 | 1:51 pm Iceland referendum 'to go ahead'Iceland all but gives up on a deal with the UK and the Netherlands to repay 3.8bn euros of debts, forcing a referendum.Source: BBC News | Business | World Edition | 4 Mar 2010 | 1:49 pm Medicare doctor: Here's what I makeWhen you think of low-paying jobs, doctor doesn't usually come to mind.Source: Business and financial news - CNNMoney.com | 4 Mar 2010 | 1:47 pm Third Point PerformanceFebruary breakdown.
Source: Dealbreaker | 4 Mar 2010 | 1:45 pm Citi's Pandit blesses reforms amid watchdog doubtsWASHINGTON (Reuters) - Citigroup Inc Chief Executive Vikram Pandit on Thursday voiced support for key Obama administration financial reform goals, including a consumer protection authority, but government watchdogs questioned his earnestness.
Source: Reuters: Business News | 4 Mar 2010 | 1:43 pm SEC Charges ‘Psychic Investor’ With Fraud
This is also good:
I’m sure a lot of you will be quick to label these people, like Investor G, as pretty stupid for falling for such an obvious scam. But we did a little investigative research (went to Mr. Prophet’s website) and have another theory. Nobody was duped by the psychic claims. They just got a load of Morton with people such as, for example, ANTHONY MICHAEL HALL and figured this guy must be legit. You probably would’ve, too. SEC Charges Nationally Known Psychic in Multi-Million Dollar Offering Fraud [SEC via FTAlphaville]
Source: Dealbreaker | 4 Mar 2010 | 1:30 pm Presented By:Source: Dealbreaker | 4 Mar 2010 | 1:30 pm A look at global economic developments (AP)AP - A look at economic developments and activity in major stock markets around the world Thursday:Source: Yahoo! News: Stock Markets News | 4 Mar 2010 | 12:48 pm Athens dinner that led to political indigestionA look at whether hedge fund trading in credit default swaps exacerbated the nation’s debt crisisSource: Financial Times - US homepage | 4 Mar 2010 | 12:44 pm Vikram Pandit: Citi Required A Second Bailout Because Of The Short-Sellers
Source: Dealbreaker | 4 Mar 2010 | 12:18 pm Is a New MSN Layout The Answer? (MSFT, YHOO, GOOG)I was looking through my emails this morning and saw the change that has long been on the way… A new MSN is coming. Microsoft Corp. (NASDAQ: MSFT) has its search pact with Yahoo! Inc. (NASDAQ: YHOO). We recently saw Yahoo! move from a very crowded homepage to one that was more centralized, was not [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Mar 2010 | 12:14 pm Demand high for Greece bond issueGreece sees strong demand for government bonds in a vote of confidence for the country's debt-ridden economy.Source: BBC News | Business | World Edition | 4 Mar 2010 | 12:10 pm John Thain Getting That Familiar Itch
Fowler’s $7,000 Geometrics Pump Collectors at N.Y. Armory Show [Bloomberg]
Source: Dealbreaker | 4 Mar 2010 | 12:09 pm Snow Job: Employment Numbers & The Blizzard Of 2010
Snowpocalypse! Washington D.C. on Feb. 11. (Cliff Owen/AP) By Jacob Goldstein Tomorrow morning, the government will publish its monthly jobs numbers for February. The figures are supposed to answer a key question about the economy: How quickly are we adding or losing jobs? Because of last month's blizzards, though, the February numbers will be rather messy. The numbers come from a government survey that always asks businesses how many employees were paid during the pay period that includes the 12th of the month (regular employees get paid once per pay period). As it happens, Feb. 12 was right when the East Coast was getting hammered by big snowstorms that kept lots of people home. The snow won't make any difference in the survey for people who made it into work at least once during the pay period that included Feb. 12. The snow also won't affect people who didn't make it into work during that period but got paid anyway. "We're talking about a very particular type of worker -- an hourly worker, maybe only works a few days a week, and really could miss work and not get paid," Joel Prakken, the chairman of a consulting firm called Macroeconomic Advisers, told me. Somewhere between 150,000 and 220,000 people may fall into that group, Prakken said. (His rough estimate is based on the effects a big storm in 1996 had on the numbers.) That group is big enough to have a significant effect on the numbers. Between December and January, for example, total number of jobs declined by 20,000. So the effects of the snowstorms are likely to overwhelm whatever monthly change would have happened in February if the weather had cooperated. The numbers will paint an unrealistically bleak portrait of the employment landscape. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 4 Mar 2010 | 11:40 am KB Home Loses Ron Burkle (KBH)KB Home (NYSE: KBH) is losing a very prestigious name on its Board of Directors. The company just announced that Ron Burkle will not stand for re-election to KB’s Board of Directors at the next annual meeting of stockholders. That meeting is being held on April 1, 2010. It’s no April Fool’s Day. Burkle said he [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Mar 2010 | 11:31 am Book Review: The Other 8 Hours
What does your average workday look like? If waking up and falling asleep rim a day full of commuting, working, and TV, watch out. You just might be a zombie. At least that’s what Robert Pagliarini would call you, in a most endearing and well-meaning way possible. Pagliarini, a CFA, entrepreneur and author, wants you to stop frittering away your life on mindless tasks. He encourages you to streamline and harness those precious eight hours you have between work and sleep. Once you do, your life and financial situation will markedly improve. In The Other 8 Hours: Maximize Your Free Time to Create New Wealth & Purpose, Pagliarini gives you detailed instructions on how to replace your zombie habits with life-affirming creative ones. His new book shows you how to chop out all the activities and people who drain you. You learn to manage and prioritize your time, so that new income streams and a newfound sense of being alive result. Sound like a tall order? Taken in aggregate, it is. But if you bite each piece off in digestable pieces, The Other 8 Hours can give you the tips and tricks you need to turn your wasted time into something personally and financially rewarding. Content Pagliarini starts off The Other 8 Hours by explaining why those eight hours we’re not working or sleeping are so important. He tells you why it’s common to feel stuck in a rut, and how to “jump out of” your staid state. Freeing up your time is part strategy, part slash-and-burn. Pagliarini’s tips range from intuitive–get rid of unnecessary commitment—to innovative, like getting yourself a “boost job” that allows you to make money while spending your time accomplishing something else (think midnight tollbooth operator writing a novel). He also lists and gives solutions for 24 common “LifeLeeches” that suck your time away. Now that he has shown you how to stop wasting time, Pagliarini gives you buiding blocks for transcending the rat race. A thirst for more status, money, and life than the consumer treadmill offers is an implicit requirement here. Assuming you have that, Pagliarini says to spend your other eight hours creating new moneymaking channels such as a business, an invention, or a book. You become what Pagliarini, in a swoop of marketing, calls a Cre8tor. He gives you a chapter full of tips on getting your mind, support network, and systems set up to nurture a Cre8tor lifestyle. Then he shares 8 rules Cre8tors needs to follow, like limiting risk, keeping your day job, and owning the way you make your income. Next, he goes into the top 10 Cre8tor channels for making income. These are basically side projects that can have good monetization potential. They are: Blogging, inventing, writing a book/screenplay/music, starting a company, reselling/licensing/affiliating, taking advantage of fads, working for stock, advancing careers, freelancing, and turning hobbies into income. He breaks each down into its own detailed chapter with rules, tips, resources, and diagrams. After reading about each channel, you enter the Get a Life section of the book. Here, you find a handful of tips for rebuilding your life. These include uncovering your passions, learning about the characteristics you need to live a more fulfilled life, building good habits, making goals, and scheduling your day to accommodate your Cre8tor commitments, and more. He concludes the book with a helpful list of resources. Thoughts As a CFA, entrepreneur, media personality, and author, Robert Pagliarini is quite the multitasker. The book multitasks, too. It attempts to tutor you on self-improvement, goal-setting, starting your own business or side moneymaking gig, addressing deficiencies in your life, making more money, building healthier habits and relationships, and more. As someone who values focus and simplicity, I found the content distracting at times. It’s not an easy, step-by-step guide on improving your life. Instead, it’s a tome of scattered tips–use them as you will. The value comes from the number and diversity of tips more than the overall trajectory of the book. I most enjoyed Part I, which described the Great American Rut and gave useful tips on making your time work for you. I was already familiar with the idea of being a Cre8tor, as well as a few of the Cre8tor channels featured in Part II. In my experience, there’s a good amount of crapshoot involved in actually monetizing your book, blog, or freelance career. Pagliarini does emphasize that success is more of a batting average than a one-hit wonder. It helps to bear that in mind while reading through descriptions of Cre8tor channels. Part III, which tells you how to get a life, almost sounded forced to me. Sure, repeating a mantra and setting goals are good ideas, but this section was missing the depth required to truly do life-building activities justice. In terms of writing style, The Other 8 Hours is entertaining, and funny at times. Pagliarini incorporates tips and stories from real-life Crea8tors like Seth Godin. Its action-oriented tips give you solid starting points for improving your situation. It’s a fun, easy read. I recommend it for anyone who feels stuck, wants to be more enterprising, and/or need a kick in the butt in general. Disclosure: We were sent a free copy of this book.
Source: Business Pundit | 4 Mar 2010 | 11:23 am John Mack Thinks Danny DeVito Should Play Lloyd Blankfein In Film Version Of Financial Crisis
Source: Dealbreaker | 4 Mar 2010 | 10:45 am Working, but dissatisfiedThe unemployment rate continues to hover around 10%. But for those who still have jobs, things aren't so rosy either. Jeremy Hobson reports.Source: Marketplace | 4 Mar 2010 | 10:41 am A way to home ownership for minoritiesEven though the Great Recession and the real estate crash are fading, African Americans are still at a greater disadvantage. Commentator Angela Glover Blackwell says that's in part because of how they were able to get into the housing market.Source: Marketplace | 4 Mar 2010 | 10:41 am How do health premiums get set?Executives from some of the biggest insurance companies met with Health and Human Services Secretary Kathleen Sebelius to discuss premium increases. She asked them how they come up with the numbers. Gregory Warner reports.Source: Marketplace | 4 Mar 2010 | 10:41 am Foreign aid that hurts rather than helpsWhen it comes to giving aid to places like Haiti and Chile, sometimes a helping hand can have unintended consequences. Sabri Ben-Achour reports on the economics of disaster relief.Source: Marketplace | 4 Mar 2010 | 10:41 am Earthquake rattles Chile's wine industryRene Merino, president of Wines of Chile, talks with Kai Ryssdal about how much damage has been done to the Chilean wine industry because of the quake.Source: Marketplace | 4 Mar 2010 | 10:41 am Businesses gear up to start spendingWith consumers starting to spend a little, there's also new evidence that big businesses are feeling flush with cash and ready to jump in. Mitchell Hartman reports.Source: Marketplace | 4 Mar 2010 | 10:41 am Citi CEO strikes conciliatory toneCitigroup CEO Vikram Pandit defended his bank and listed all the ways it is turning around at a hearing before a panel overseeing the bank bailout. Amy Scott reports.Source: Marketplace | 4 Mar 2010 | 10:41 am Sony Prepares For A Come-From-Behind DefeatThe Holy Grail of consumer electronics devices is one that would combine the best features of the Apple (AAPL) iPad, iPod, and iPhone. Sony (SNE) means to introduce products to challenge the Jobs & Co. devices. The Japanese firm has no other choice. It needs to at least try to be a force in the markets [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Mar 2010 | 10:39 am Tower Automotive, Tower International IPO FilingTower International, Inc., or Tower Automotive LLC, has just filed to come public in an IPO. The company dis not list any shares or or terms and did not list an exchange or a proposed stock ticker. This can change by the IPO date, but for filing purposes it listed to sell up to $100 [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Mar 2010 | 10:39 am Andrew Ross Sorkin’s Vivid Account Of Hank Paulson Vomiting Coming To A Small Screen Near You
Source: Dealbreaker | 4 Mar 2010 | 10:08 am PC Sales Will Grow This Year, But How Many Will Be Given Away?It has been expected for some time that global PC sales would rise this year as the economy recovers and the demand for Microsoft (MSFT) Windows 7 causes people and business to replace existing machines or, in rare cases, become first-time buyers. But, the picture for the industry may be better than it could ever have dreamed. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Mar 2010 | 9:58 am Pending Home Sales Hit By Thor’s HammerDuring the last month, there has been a great deal of bad news about housing, foreclosures, and default rates. And, there has been almost no good news to offset it. Pending home sales added to the increasing pile of bad new. The National Association of Realtors said its index dropped sharply in January from December. The Pending [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Mar 2010 | 8:58 am FDA Threatens to Yank Food Products off Shelves
The US Food and Drug Administration has told 17 food manufacturers to remove misleading labels from their products–or risk having those products pulled from shelves. ABC has more: The FDA said Wednesday that its commissioner, Dr. Margaret Hamburg, had sent letters to each company in question Feb. 22, along with an open letter to the food manufacturing industry demanding they take action against “false or misleading” labels. “FDA is notifying a number of manufacturers that their labels are in violation of the law and subject to legal proceedings to remove misbranded products from the marketplace,” Hamburg said in the letter, which is posted on the FDA Web site. “Products also were identified that made nutrient content claims about one nutrient, such as trans fats, but failed to identify other nutrients, such as saturated fat, which were present in the products at very high levels.” One tactic companies use to avoid accusations of mislabeling, Silverglade said, is using broad, sometimes confusing terms. “The companies try to get around the rules by using vague terminology such as ‘helps support your immune system’ or ‘heart healthy.’ These claims are not reviewed by the FDA and are confusing customers.” If companies such as Nestle and Beech-Nut do not comply, the FDA warned, the products could be removed from the shelves. This kind of regulation could be a new trend, according to BNET: Some activists claim the agency is just getting started. “The party’s over for misleading health claims,” Bruce Silverglade, legal affairs director for the Center for Science in the Public Interest, said in a conference call with journalists. CPSI has been harping about exaggerated food claims for years CSPI has conveniently provided the FDA with a long list of food claims it deems illegal or deceptive. Among them: Carnation Instant Breakfast that supports your immune system, packages of Graduates Juice Treats for preschoolers that show a harvest of fruit but contains almost no actual fruit juice, and Minute Maid’s Cranberry Apple Cocktail, which says it’s all natural but contains high fructose corn syrup. Let the editing begin.
Source: Business Pundit | 4 Mar 2010 | 8:42 am Klaus Baader: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 4 Mar 2010 | 8:21 am Congressman Stupak: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 4 Mar 2010 | 8:19 am Edward Morse: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 4 Mar 2010 | 8:18 am Ward McCarthy: Bloomberg On the Economy With Tom KeeneSource: Bloomberg - All Podcasts | 4 Mar 2010 | 8:16 am Gerald O'Driscoll: Bloomberg On the Economy With Tom KeeneSource: Bloomberg - All Podcasts | 4 Mar 2010 | 8:15 am Yu on Euro, Shaw on Greece, Davidowitz on Retail: First WordSource: Bloomberg - All Podcasts | 4 Mar 2010 | 7:19 am Credit Card Fees May Go Down; Interest Rates May NotBy Jacob Goldstein The Fed yesterday proposed a few new rules on credit card fees and interest rates. The rules would limit fees for late payments and for exceeding a card's credit limit. Basically, the fee couldn't be higher than the value of the violation. For example, the fee for failing to make a minimum payment of $20 couldn't be more than $20. Card issuers would also be banned from charging "inactivity fees" for customers who don't use their cards to make new purchases, and from charging multiple fees for a single violation. And the rules would require issuers that have increased interest rates since the beginning of 2009 to "evaluate whether the reasons for the increase have changed and, if appropriate, to reduce the rate." That "if appropriate" clause caught the attention of a Consumers Union lawyer, who said the interest-rate rule might have been tougher. "Who decides if it's appropriate?" the lawyer told the New York Times. An official at the American Bankers Association told the Times: "The issues addressed by this proposal are complicated and, despite good intentions, may mean higher prices for credit card customers, and some may see their accounts closed." The proposed rules are the latest result of the CARD Act, a law passed last year. Some provisions went into effect earlier this year, others will take effect in August. This Washington Post story explains some of the key changes. Under the law, responsibility for implementing some new rules falls to the Fed. The rules proposed yesterday will be open for public comment for 30 days, and would take effect in August. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 4 Mar 2010 | 6:52 am Fed Biege Book: Snow Slowed Economy
The Fed recently released its latest Beige Book, a business survey that helps it decide on interest rates. Among other things, it found that snow hampered economic growth this winter. From the report: Consumer spending improved slightly in many Districts since the last survey, but severe snowstorms in early February limited activity in some Districts. Residential real estate markets improved in a number of Districts, although several Districts noted that activity softened or remained weak partly due to extreme winter weather. Richmond…reported overall housing activity as mixed, but one contact noted that absent the harsh weather, market conditions might have improved. Adverse weather conditions also hampered home sales and construction in the New York, Philadelphia, and Atlanta Districts. Auto sales were generally reported as flat or down, with a few Districts again noting that some of the sluggishness was likely due to poor weather conditions. Harsh winter weather continued to dampen overall agricultural activity, although crop conditions were still generally favorable in most Districts. Lumber prices rose in the Cleveland and Richmond Districts due in large part to weather-related supply issues. Broadway theatre activity was robust before falling off due to weather in February. Good thing this report comes out eight times a year, otherwise you’d think the weather was ruining everything.
Source: Business Pundit | 4 Mar 2010 | 6:11 am An Honest Weather Forecast
Source: Business Pundit | 4 Mar 2010 | 4:27 am
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