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UAW OKs severance pact in Calif. plant shutdown (AP)
Source: Yahoo! News: Business News | 18 Mar 2010 | 4:12 am US ambassador urges China cooperation on Iran (AP)
Source: Yahoo! News: Business News | 18 Mar 2010 | 4:12 am Stock futures signal dip; Nike eyed (Reuters)
Source: Yahoo! News: Stock Markets News | 18 Mar 2010 | 4:11 am Nissan to make electric vehicle in Britain (AP)
Source: Yahoo! News: Business News | 18 Mar 2010 | 4:09 am China Mobile says 2009 profit up 2.3 percent (AP)
Source: Yahoo! News: Business News | 18 Mar 2010 | 4:07 am Greek worries return to unsettle investorsConcerns about Greek indebtedness return, dragging the euro down and knocking equity markets from their recent highsSource: Financial Times - US homepage | 18 Mar 2010 | 4:05 am Mortgage lending 'up in February'UK mortgage lending increased in February as the fluctuation in the housing market continues, lenders say.Source: BBC News | Business | World Edition | 18 Mar 2010 | 4:04 am Greek PM: need firmer rescue plan from eurozone (AP)AP - Greece's Prime Minister George Papandreou said Thursday his country needs a firmer eurozone bailout plan to lift market pressure on his government and lower its borrowing rates.Source: Yahoo! News: Business News | 18 Mar 2010 | 4:04 am Greek PM warns over effect of high borrowing costsBRUSSELS (Reuters) - Greece's prime minister warned on Thursday that Athens would not be able to make planned deficit cuts unless it can borrow money more cheaply and said he would prefer not to have to turn to the IMF for help.
Source: Reuters: Business News | 18 Mar 2010 | 4:02 am UK borrowing less than expectedThe UK government borrowed £12.4bn in February, less than economists had expected, official figures show.Source: BBC News | Business | World Edition | 18 Mar 2010 | 4:00 am Google Prepares To Become Latest Failure In Taking On The American Living RoomAbout ten years ago, Microsoft (MSFT) made an effort to invade the American living room by offering connections among PCs, TVs, DVRs, game consoles, and broadband. No one hears about the initiative any more because it failed. Apple (AAPL) TV is among the more recent initiatives from consumer electronics companies to take the content signal away [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Mar 2010 | 3:59 am Big bucks = bigger NCAA bracketsWho's going to win this year's NCAA men's basketball tournament? Your guess is as good as ours. Probably better, actually.Source: Business and financial news - CNNMoney.com | 18 Mar 2010 | 3:48 am Softer, gentler car incentivesIf you're shopping for a car these days, you might wonder, "Where have all those massive cash rebates gone?"Source: Business and financial news - CNNMoney.com | 18 Mar 2010 | 3:43 am Get your kids to fund their nest eggsNaturally, affording retirement isn't an issue that weighs heavily on the minds of young people just starting off in the workforce. So it's no surprise that only 28% of workers under age 25 contribute to employer-sponsored retirement plans, as reported by tax information service CCH.Source: Business and financial news - CNNMoney.com | 18 Mar 2010 | 3:33 am AP IMPACT: Gov't bank auditors got big bonuses (AP)
Source: Yahoo! News: Business News | 18 Mar 2010 | 3:30 am Greek worries rattle euro, world stocks dip (Reuters)
Source: Yahoo! News: Stock Markets News | 18 Mar 2010 | 3:26 am Greek worries rattle euro, world stocks dipLONDON (Reuters) - World stocks slipped back from recent closing highs on Thursday and the euro fell half a percent against the dollar on worries about Greece not receiving European Union aid.
Source: Reuters: Business News | 18 Mar 2010 | 3:26 am Co-op boosted by new acquisitionsThe Co-operative Group reports "record sales and profits" in 2009, after buying Somerfield and merging with Britannia.Source: BBC News | Business | World Edition | 18 Mar 2010 | 3:25 am World stock markets mostly lower as Greece weighs (AP)
Source: Yahoo! News: Business News | 18 Mar 2010 | 3:21 am World stock markets mostly lower as Greece weighs (AP)
Source: Yahoo! News: Stock Markets News | 18 Mar 2010 | 3:21 am Teva set to seal €3.5bn Ratiopharm dealIsraeli group is close to beating Pfizer and Actavis in the €3.5bn auction for the German generic drug company being sold by the indebted empire of the late Adolf MerckleSource: Financial Times - US homepage | 18 Mar 2010 | 3:19 am Most Asian shares drop, Greece fears drag on TokyoJapanese exporters are dragged lower as the euro weakens against the yen following a report that Greece may seek financial help from the International Monetary Fund.
Source: MarketWatch.com - Top Stories | 18 Mar 2010 | 3:10 am Indications: U.S. stock futures edge lower after recent rallyU.S. stock futures are a touch lower Thursday, on concern over the duration of a recent rally and on euro-zone nations’ reluctance to back Greece’s debt-reduction efforts.
Source: MarketWatch.com - Top Stories | 18 Mar 2010 | 3:05 am Strikes in Greece over proposed tax law overhaulGreek taxi drivers and many gas station owners are striking against a proposed overhaul of tax laws under the government's efforts to overcome its debt crisis. Taxi drivers are planning...Source: RSS feed - channel BNewsBusiness | 18 Mar 2010 | 3:03 am Strikes in Greece over proposed tax law overhaul (AP)
Source: Yahoo! News: Business News | 18 Mar 2010 | 3:03 am AP IMPACT: Gov't bank auditors got big bonusesThe government has given millions of dollars in bonuses to its bank regulators. The payments are detailed in payroll data released to The Associated Press under the Freedom of...Source: RSS feed - channel BNewsBusiness | 18 Mar 2010 | 3:02 am From Sprint: The Fastest Phone On EarthSprint (S), still losing subscribers to AT&T Wireless and Verizon Wireless each quarter, is down to 48 million cellular customers. Many analysts believe the number will go lower. Its relationship with Palm (PALM) did not help the slide. Its adoption of the Google (GOOG) Nexus One may not either. For three years, Sprint has been developing and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Mar 2010 | 3:01 am Nissan to safeguard British jobs with the LeafMore than 2,000 jobs in the North East were secured today after Nissan decided to build a pioneering electric car at its Sunderland plant. Source: Latest Business News from Times Online | 18 Mar 2010 | 3:00 am London Markets: GlaxoSmithKline shares rally in weaker FTSE 100Investors reassess the prospects for a U.S. generic launch of one of the pharmaceuticals key asthma drugs.
Source: MarketWatch.com - Top Stories | 18 Mar 2010 | 2:55 am Greece: deficit plan depends on market improvementGreece's Prime Minister George Papandreou says his country "cannot sustain" its tough austerity program to get out of its financial crisis if it is forced to pay high costs to borrow. HeSource: RSS feed - channel BNewsBusiness | 18 Mar 2010 | 2:54 am China Mobile beats estimates on strong data servicesHONG KONG (Reuters) - China Mobile is starting to benefit from its years of investment in non-voice services, helping the world's largest mobile carrier by subscribers to report an unexpected rise in revenue per user.
Source: Reuters: Business News | 18 Mar 2010 | 2:53 am Report fails to shed light on SoCal runaway PriusA California Highway Patrol officer responding to a report of a runway Toyota Prius last week arrived to find a Border Patrol agent near the driver with emergency lights on. The Border...Source: RSS feed - channel BNewsBusiness | 18 Mar 2010 | 2:47 am A perfect home - with what you ownHate the mess your home has deteriorated into but you don't have the time or means to do a comprehensive redecorating job? Or maybe it's time to sell your place, but you don't know how to show it off to best effect?Source: Business and financial news - CNNMoney.com | 18 Mar 2010 | 2:45 am Can Dodd wake the watchdogs?The latest financial regulatory reform proposal leaves many chefs in the kitchen. But will anyone actually mind the stove?Source: Business and financial news - CNNMoney.com | 18 Mar 2010 | 2:44 am Property broker Savills returns to profitSavills, one of Britain's largest property brokers, returned to profit last year after eliminating costs and advising on the sale of more expensive homes.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Mar 2010 | 2:43 am Secondhand motor dealers shamedA damning verdict on the UK's £24bn secondhand car market is published by the fair trading watchdog.Source: BBC News | Business | World Edition | 18 Mar 2010 | 2:40 am Stocks headed for lower startU.S. stocks were poised to open lower Thursday as investors await some key readings on inflation and employment.Source: Business and financial news - CNNMoney.com | 18 Mar 2010 | 2:37 am Currencies: Dollar jumps vs. euro on report of more Greek woesThe dollar gains against the euro in late Asian trading Thursday, after a report that Greece could seek help from the International Monetary Fund weighs on the European unit.
Source: MarketWatch.com - Top Stories | 18 Mar 2010 | 2:37 am Duncan Bannatyne: Non-doms like my friend James Caan have an unfair edgeThe recent revelations about Lord Ashcroft's non-dom status only serve to strengthen my belief that it is high time we understood fully the effect of non-doms on the UK economy and on business owners and entrepreneurs.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Mar 2010 | 2:33 am Nissan to build Leaf, its electric car, in Sunderland: key pointsNissan announcement this morning that it is to build the Leaf, its new electric vehicle, in Sunderland. Here are the key facts.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Mar 2010 | 2:29 am Australia warns China on Rio caseAustralia's prime minister tells China the world will be watching the trial of Rio Tinto employees, which begins next week.Source: BBC News | Business | World Edition | 18 Mar 2010 | 2:27 am Oil falls to near $82 after 2-day rally (AP)
Source: Yahoo! News: Business News | 18 Mar 2010 | 2:25 am China warns Rio trial must not be 'politicised'China said today that the trial of the four Rio Tinto executives, including an Australian, charged with industrial espionage, should not be “politicised”, in a case that has strained relations between the two countries. Source: Latest Business News from Times Online | 18 Mar 2010 | 2:18 am Overseas unions back BA strikeSupport for a planned walk-out by British Airways cabin crew grows, with overseas unions backing the action.Source: BBC News | Business | World Edition | 18 Mar 2010 | 2:15 am U.S. tells China yuan issue is of "real concern"BEIJING (Reuters) - The United States kept up pressure on China on Thursday to let the yuan climb as Beijing disclosed it was sounding out exporters on whether they could cope with a stronger exchange rate.
Source: Reuters: Business News | 18 Mar 2010 | 2:14 am David Callaway: Guinness-fueled market rally looking frothyWe are heading toward a day of reckoning; a point likely in the next month or so when the Federal Reserve will confirm what everybody already knows will happen -- that interest rates are going up.
Source: MarketWatch.com - Top Stories | 18 Mar 2010 | 2:12 am Business Bullet: China, Euro, BA, GreggsThe latest news on: China, Euro, BA, GreggsSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Mar 2010 | 2:09 am UK to produce Nissan electric carNissan is to build its new electric car, the Leaf, in Sunderland, safeguarding hundreds of jobs, the Japanese firm announces.Source: BBC News | Business | World Edition | 18 Mar 2010 | 2:06 am UK to produce Nissan electric carNissan is to build its new electric car, the Leaf, in Sunderland, safeguarding hundreds of jobs, the Japanese firm announces.Source: BBC News | Business | World Edition | 18 Mar 2010 | 2:06 am Yuan rise would be disastrous: China export bodyBEIJING (Reuters) - A rise in the yuan would be a disaster for labor-intensive Chinese exporters, a semi-official trade group said on Thursday, as frictions grow with the U.S. and other Western powers over Beijing's stable currency policy.
Source: Reuters: Business News | 18 Mar 2010 | 1:59 am Galloping aheadHorse racing industry runs to secure its futureSource: BBC News | Business | World Edition | 18 Mar 2010 | 1:58 am India's Sun Pharma gets US nod for Prometh genericMUMBAI, March 18 (Reuters) - India's Sun Pharmaceutical Industries Ltd said on Thursday the U.S. Food and Drug Administration approved its generic version of Actavis Mid Atlantic's Prometh syrup, used...Source: RSS feed - channel BNewsBusiness | 18 Mar 2010 | 1:58 am UPDATE 1-Salamander to expand in Asia as production rises* Buys 50 pct stake in block in offshore Northern VietnamSource: RSS feed - channel BNewsBusiness | 18 Mar 2010 | 1:58 am Media Digest 3/18/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: Toyota (TM) told regulators it is looking at how to fix 1.2 million Corollas. Reuters: A Chinese export body said a rise in the yuan would be destructive. Reuters: China Mobile’s (CHL) revenues rose on a gain in average revenue per user. Reuters: The US faces Chinese import negotiations on the yuan. Reuters: HTC says it is confident [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Mar 2010 | 1:53 am Greggs bakery sees profits riseThe UK's largest bakery chain, Greggs, reports an increase in full-year profits and says it is cautiously optimistic for 2010.Source: BBC News | Business | World Edition | 18 Mar 2010 | 1:50 am UPDATE 1-GW says UK, Spain close to approving cannabis drug* UK, Spanish regulators expected to approve Sativex in Q2Source: RSS feed - channel BNewsBusiness | 18 Mar 2010 | 1:50 am Europe Markets: European shares back away from annual highsEuropean stocks slip back as banks come under pressure and Greece’s fiscal situation reclaims attention.
Source: MarketWatch.com - Top Stories | 18 Mar 2010 | 1:47 am Nissan Leaf to be built in Sunderland after carmaker gets Government supportThe British car industry received a boost on Thursday when Nissan announced that it will build the Leaf, its five-seater electric car, in Sunderland.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Mar 2010 | 1:46 am European Stocks to Watch: How British Airways rallies as union talks sourBritish Airways has been making front-page news for all the wrong reasons over the past few months, yet its share price has greatly outperformed that of its competitors since the start of the year.
Source: MarketWatch.com - Top Stories | 18 Mar 2010 | 1:42 am UPDATE 1-Aspen sells 50 pct in oncology JVS for $117 mln*Strides to licence existing, future oncology drugs to AspenSource: RSS feed - channel BNewsBusiness | 18 Mar 2010 | 1:37 am PRESS DIGEST - Russia - March 18MOSCOW, March 18 (Reuters) - The following are some of the leading stories in Russia's newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.Source: RSS feed - channel BNewsBusiness | 18 Mar 2010 | 1:33 am Earnings Watch: Updates, advisories and surprisesA roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source: MarketWatch.com - Top Stories | 18 Mar 2010 | 1:31 am UPDATE 1-Aegis appoints CEO and issues new bond* Full-year organic revenue decline within forecast rangeSource: RSS feed - channel BNewsBusiness | 18 Mar 2010 | 1:28 am Oz stocks: Back into blackThe Australian share market closed marginally higher after rising back into the black in the final minutes of trading, and the share price index futures contract ticked over from March delivery to June.Defensive stocks such as...Source: nzherald.co.nz - Business | 18 Mar 2010 | 1:04 am KB Home ex-CEO tried to keep stock option scheme secret, an executive testifiesA former human resources director says he and former chief Bruce Karatz, who prosecutors say made more than $6 million from his options, tried to keep investigators from discovering the backdating.Former KB Home chief Bruce Karatz engineered a massive stock option scheme that made him millions of dollars and then fought to keep it secret from investigators, a longtime company executive testified Wednesday.
Source: L.A. Times - Business | 18 Mar 2010 | 1:00 am Developer gives up on condo project near DisneylandThe rights to build as many as 400 units above the GardenWalk parking garage in Anaheim are put up for auction. ...Source: RSS feed - channel BNPaperBusiness | 18 Mar 2010 | 1:00 am KB Home ex-CEO tried to keep stock option scheme secret, an executive testifiesA former human resources director says he and former chief Bruce Karatz, who prosecutors say made more than $6 million from his options, tried to keep investigators from discovering the backdating. ...Source: RSS feed - channel BNPaperBusiness | 18 Mar 2010 | 1:00 am Wholesale prices slip 0.6% in FebruaryThe decline is much steeper than economists had expected and signals that inflation is still at bay, the Labor Department reports.Prices at the wholesale level plunged in February by the largest amount in seven months as a big drop in energy prices offset higher food costs.
Source: L.A. Times - Business | 18 Mar 2010 | 1:00 am Nintendo North America President Reggie Fils-Aime is a power player in the video game industryWith Nintendo at the top of its industry, which rivals movies and other media choices for consumers' time and money, few could dispute that he leads one of the country's top entertainment outfits.Not too long ago, many in Hollywood would never have heard of Nintendo North America Inc. President Reggie Fils-Aime. Now that video games are rivaling movies and other media choices for consumers' time and money and Nintendo has skyrocketed back to the top of its industry, few could dispute that he leads one of the country's top entertainment outfits.
Source: L.A. Times - Business | 18 Mar 2010 | 1:00 am Bernanke urges lawmakers not to slash Fed's regulatory authorityThe Federal Reserve chairman makes a plea to maintain the central bank's supervisory role in response to a House financial overhaul bill that would greatly diminish the agency's oversight.Federal Reserve Chairman Ben S. Bernanke told lawmakers Wednesday that regulatory failures by the central bank helped trigger the financial crisis, but that doesn't mean they should strip the agency of much or all of its oversight of individual banks.
Source: L.A. Times - Business | 18 Mar 2010 | 1:00 am Wholesale prices slip 0.6% in FebruaryThe decline is much steeper than economists had expected and signals that inflation is still at bay, the Labor Department reports. ...Source: RSS feed - channel BNPaperBusiness | 18 Mar 2010 | 1:00 am NUMMI auto plant workers vote on severance dealThe package, funded by Toyota, would amount to at least $21,175 per person.The union representing workers at a Fremont auto production plant slated to close next month said Wednesday that it had reached an agreement on a severance package worth $278 million.
Source: L.A. Times - Business | 18 Mar 2010 | 1:00 am Economic data send stocks to 17-month highsSigns of restrained inflation and low interest rates keep investors in a buying mood. The Dow gains 47.69 points to 10,733.67, it s highest level since October 2008.Wall Street sent stocks to new 17-month highs Wednesday on fresh signs of subdued inflation and expectations that interest rates would stay low.
Source: L.A. Times - Business | 18 Mar 2010 | 1:00 am Zankou Chicken's tragic family rift impedes chain's growthA fatal dispute has left the popular chain divided into two factions. The chain, which once had international ambitions, remains confined to the Southland.Everyone loves Zankou Chicken.
Source: L.A. Times - Business | 18 Mar 2010 | 1:00 am Developer gives up on condo project near DisneylandThe rights to build as many as 400 units above the GardenWalk parking garage in Anaheim are put up for auction.Disneyland may bill itself as "the happiest place on Earth," but a nearby mall development that hoped to profit from the popularity of the Anaheim theme park has reason to be grumpy.
Source: L.A. Times - Business | 18 Mar 2010 | 1:00 am WellPoint's giving for uninsured falls short, records showThe firm had pledged in 2007 to spend $30 million over three years to help those who lack health coverage, but its tax records and website show it gave only $6.2 million. The company disputes that.When Angela F. Braly, the chief executive of insurance giant WellPoint Inc., came to Capitol Hill last month to defend the company's recent rate hikes in California, she told lawmakers that her company supported "responsible, sustainable healthcare reform."
Source: L.A. Times - Business | 18 Mar 2010 | 1:00 am Money market mutual fund assets fall below $3 trillionInvestors looking for better returns have withdrawn $75.6 billion from the funds in the last week, pushing the total outflow for the year to $270 billion. ...Source: RSS feed - channel BNPaperBusiness | 18 Mar 2010 | 1:00 am O.C. firm to settle Ponzi suit with SECAn Orange County investment advisor and his firm agreed Wednesday to pay more than $100,000 to settle charges by the Securities and Exchange Commission that they placed clients into what turned out to...Source: RSS feed - channel BNPaperBusiness | 18 Mar 2010 | 1:00 am Zankou Chicken's tragic family rift impedes chain's growthA fatal dispute has left the popular chain divided into two factions. The chain, which once had international ambitions, remains confined to the Southland. ...Source: RSS feed - channel BNPaperBusiness | 18 Mar 2010 | 1:00 am Bernanke urges lawmakers not to slash Fed's regulatory authorityThe Federal Reserve chairman makes a plea to maintain the central bank's supervisory role in response to a House financial overhaul bill that would greatly diminish the agency's oversight. ...Source: RSS feed - channel BNPaperBusiness | 18 Mar 2010 | 1:00 am Economic data send stocks to 17-month highsSigns of restrained inflation and low interest rates keep investors in a buying mood. The Dow gains 47.69 points to 10,733.67, it s highest level since October 2008. ...Source: RSS feed - channel BNPaperBusiness | 18 Mar 2010 | 1:00 am WellPoint's giving for uninsured falls short, records showThe firm had pledged in 2007 to spend $30 million over three years to help those who lack health coverage, but its tax records and website show it gave only $6.2 million. The company disputes that. ...Source: RSS feed - channel BNPaperBusiness | 18 Mar 2010 | 1:00 am NUMMI auto plant workers vote on severance dealThe package, funded by Toyota, would amount to at least $21,175 per person. The union representing workers at...Source: RSS feed - channel BNPaperBusiness | 18 Mar 2010 | 1:00 am National Employee Savings Trust: 'This NEST scheme has disaster written all over it'People close to retirement will pay disproportionately higher fees with new national pension scheme.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Mar 2010 | 12:59 am Japanese turn to web to recruit hitmenIn a bizarre twist on the internet suicide pacts that first emerged in Japan in 2003, the Japanese appear to be turning to the web to recruit hitmen, according to statistics published today. Source: Latest Business News from Times Online | 18 Mar 2010 | 12:56 am Beware the China bull - there's still a long march aheadChina's journey has been remarkable, but obstacles are emerging.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Mar 2010 | 12:53 am Financial products 'should be tested before they go on sale'If they failed to pass the test they should be banned from being put on sale, reports says.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Mar 2010 | 12:41 am 75pc of first-time buyers need bank of 'mum and dad'More than half first-time buyers think they will be unable to buy their own home without parental help.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Mar 2010 | 12:37 am IBM denies tax evasion in Japan (AFP)
Source: Yahoo! News: Business News | 18 Mar 2010 | 12:31 am NZ stocks: Rise despite Telecom's miseryThe New Zealand sharemarket rose today even though the share price of market heavyweight Telecom languished near an all-time low set yesterday.The benchmark NZX-50 index closed up 19.727 points, or 0.616 per cent, at 3220.686....Source: nzherald.co.nz - Business | 18 Mar 2010 | 12:22 am Peter Brimelow: Letters that foresaw 2008 crash are skepticalLongest winning streak since last summer -- but letters that foresaw the Crash of 2008 aren’t on board, writes Peter Brimelow.
Source: MarketWatch.com - Top Stories | 18 Mar 2010 | 12:15 am NZ dollar settles after mixed tradingThe New Zealand dollar spent much of today trading in a narrow range after falling away from an eight-week high.It rose last night, when the United States currency fell against higher-yielding currencies after the Federal Reserve's...Source: nzherald.co.nz - Business | 17 Mar 2010 | 11:38 pm JPMorgan loses dispute over advisory feesAn Australian court has dismissed the investment bank’s claim for A$50.8m in fees from Consolidated Minerals, following a three-way takeover battle that drove up the miner’s market valueSource: Financial Times - US homepage | 17 Mar 2010 | 11:15 pm Tencent shares fall as China Internet growth easesTencent Holdings shares drop more than 3% after the company cautions that the era of rapid growth in the nation’s Internet media services market is drawing to a close.
Source: MarketWatch.com - Top Stories | 17 Mar 2010 | 10:25 pm 3 Stocks With Big Dividends and Buybacks (Screens)These companies lavish shareholders with income and stock repurchases.
Source: SmartMoney.com | 17 Mar 2010 | 10:00 pm Advice on Spring Cleaning Services (Deal of the Day)When you hire someone to help clean: Get an estimate, and get it in writing.
Source: SmartMoney.com | 17 Mar 2010 | 10:00 pm In Recovery, a Bump Here Is a Boom There (Global Recovery Watch)Investors can find opportunities as the world recovers at its own pace.
Source: SmartMoney.com | 17 Mar 2010 | 10:00 pm Stimulus Gatekeepers: Here Come the CowsHow Federal loans put a Kansas sandblaster into the cattle business.
Source: SmartMoney.com | 17 Mar 2010 | 10:00 pm Reading This Column Will Cost You Money (Active Trader)The national debt keeps rising. Some pros worry about an eventual reckoning.
Source: SmartMoney.com | 17 Mar 2010 | 10:00 pm 5 Smart Books: Origins of the Strategies (SmartMedia)Experts look at the economic crisis, working with China and corporate governance.
Source: SmartMoney.com | 17 Mar 2010 | 10:00 pm 'Mr Invincible' sentenced after record-breaking fraudThe investment adviser who stole $17.7 million from his wealthy ASB clients called himself "Mr Invincible" when investigators caught up with him.Stephen Gerard Versalko was sentenced to six years in prison after admitting the...Source: nzherald.co.nz - Business | 17 Mar 2010 | 9:00 pm Worsening pollution audit 'completely unacceptable' says FonterraNew Zealand dairy farmers are failing to clean up their act, according to the latest audit of the sector, with effluent rule compliance getting worse in the past year.Agriculture minister David Carter, Fonterra and farmer groups...Source: nzherald.co.nz - Business | 17 Mar 2010 | 8:30 pm SFO launches Capital + Merchant probeThe Serious Fraud Office says it has launched an investigation into failed finance company Capital+Merchant Finance, after a referral from its receiver, Grant Thornton.SFO Chief Executive, Adam Feeley, said that the investigation...Source: nzherald.co.nz - Business | 17 Mar 2010 | 8:00 pm 'Dragon' versus 'Titans' versus 'Alice' in fight over 3-D screensStudios are using high-pressure tactics to book their films into theaters.In the wake of the blockbuster "Avatar," Hollywood's obsession with 3-D has hit a roadblock.
Source: L.A. Times - Business | 17 Mar 2010 | 7:57 pm Kathmandu revenue up nearly 30pcOutdoor clothing and equipment retailer Kathmandu Holdings reported a 27.5 per cent lift in half year revenues to $106.6 million, saying the result came in an improved retail environment and reflected new stores and a strong Christmas...Source: nzherald.co.nz - Business | 17 Mar 2010 | 6:30 pm SEC boss: Agency examining companies (AP)
Source: Yahoo! News: Stock Markets News | 17 Mar 2010 | 6:30 pm Deposit a check via iPhoneAmericans may still be frustrated with the nation's top banks, but the technology that large lenders are dangling in front of consumers may keep some from leaving.Source: Business and financial news - CNNMoney.com | 17 Mar 2010 | 6:25 pm Beware 'dirty dozen' tax scamsAs the tax deadline draws near, the IRS wants you to beware of fraudulent tax preparers, hidden offshore bank accounts and offers that seem too good to be true.Source: Business and financial news - CNNMoney.com | 17 Mar 2010 | 6:17 pm Price tag of TARP bailout: $109 billionThe government's unprecedented $700 billion economic bailout will actually cost taxpayers just 16% of that total, according to a Congressional Budget Office report released Wednesday.Source: Business and financial news - CNNMoney.com | 17 Mar 2010 | 6:03 pm Fed chief defends role as watchdogBen Bernanke, chairman of the Federal Reserve, warned that US monetary policy and financial stability would be damaged if Congress limits the Fed’s regulatory powersSource: Financial Times - US homepage | 17 Mar 2010 | 6:03 pm Tempus: Solid foundations at Derwent LondonDerwent London was commercial property’s best address in 2009. Source: Latest Business News from Times Online | 17 Mar 2010 | 6:01 pm Google may keep Chinese web services aliveGoogle is considering a plan to keep many of its operations in China, even though it is resigned to closing its flagship search engine over a censorship dispute with the Chinese authorities. Source: Latest Business News from Times Online | 17 Mar 2010 | 6:01 pm Shareholder fury as Pru chief moonlights on bank boardThe Prudential chief executive Tidjane Thiam was under fire from shareholders last night after taking on a second high-profile job while trying to steer the insurer through a record takeover deal. Source: Latest Business News from Times Online | 17 Mar 2010 | 6:01 pm Age barriers to getting a job: young and inexperienced, older and more expensiveThe apprentice Source: Latest Business News from Times Online | 17 Mar 2010 | 6:01 pm Land Registry to cut another 800 jobsThe Land Registry plans to cut a further 800 jobs as part of its efforts to reform its finances. Source: Latest Business News from Times Online | 17 Mar 2010 | 6:01 pm In nuclear age, UK industry must be forged anewSheffield was steel and Lord Mandelson believes it can be so again. He was in the South Yorkshire city yesterday, trumpeting an £80 million government loan to a mill on the banks of the Don. The money will help to pay for a 15,000-tonne metal press that will make Sheffield Forgemasters one of only three companies in the world equipped to make the huge secure pressure vessels and cylinders used in civil nuclear reactors. Source: Latest Business News from Times Online | 17 Mar 2010 | 6:01 pm Taking on a part-time job just isn’t prudentTidjane Thiam has badly misjudged the mood of his shareholders. In normal times, they wouldn’t worry a jot about the Prudential chief taking on an ordinary outside non-executive directorship. But these are not normal times. He is trying to orchestrate and sell the biggest, ballsiest, riskiest deal since Sir Fred Goodwin visited Amsterdam and suddenly had a brilliant idea. Source: Latest Business News from Times Online | 17 Mar 2010 | 6:01 pm Jail for sale - investors face 18-year stretchAt last ordinary New Zealanders can now purchase a stake in a prison or a hospital or a school via the ground-breaking New Zealand Social InfrastrucSource: nzherald.co.nz - Business | 17 Mar 2010 | 6:00 pm Bernanke defends Fed small bank supervision roleWASHINGTON (Reuters) - Top central bankers present and past on Wednesday joined forces against a plan to strip the Fed of its oversight of smaller banks, saying the knowledge it gains from that role is vital to monetary policy.
Source: Reuters: Business News | 17 Mar 2010 | 5:55 pm MGM Mirage strikes deal with regulatorsGambling regulators in New Jersey reached a deal for MGM Mirage to step away from its Atlantic City interests after the casino group declined to sever its connections to Stanley Ho, the king of the Macao gambling industry, who they allege has ties to organised crimeSource: Financial Times - US homepage | 17 Mar 2010 | 5:51 pm Toyota faces racketeering claims in consumer suitsLOS ANGELES (Reuters) - Lawyers seeking civil damages against Toyota Motor Corp on behalf of U.S. consumers for diminished resale value of recalled vehicles are broadening their cases to add racketeering claims against the automaker.
Source: Reuters: Business News | 17 Mar 2010 | 5:38 pm Madoff computer programmers indictedTwo former employees accused of helping fraudulent Wall Street financier Bernard Madoff program an old computer to generate false records have been indicted.Wednesday's indictment accuses computer programmers Jerome O'Hara and...Source: nzherald.co.nz - Business | 17 Mar 2010 | 5:36 pm Best job ever! Tanning butlerCalling the unemployed! Do you like pool parties, sun tan lotion and hotties?Source: Business and financial news - CNNMoney.com | 17 Mar 2010 | 5:32 pm Telecom creates new website XT sectionTelecom has created a new section on its website to keep media and customers updated on its XT network during a review and improvements following a series of outages affecting thousands of customers.The inside XT section has information...Source: nzherald.co.nz - Business | 17 Mar 2010 | 5:31 pm Turner calls for powers to control asset bubblesUK’s top financial regulator seeks ‘radical reassessment’ of global banking rules and more precise ‘macroprudential’ toolsSource: Financial Times - US homepage | 17 Mar 2010 | 5:19 pm Nike beats Street view, shares sprint higherSAN FRANCISCO (Reuters) - Nike Inc posted a return to sales and profit growth on Wednesday and forecast higher expected orders around the world after a year of declines, sending its shares up more than 3 percent.
Source: Reuters: Business News | 17 Mar 2010 | 5:18 pm US healthcare overhaul gains momentumThe Obama administration’s efforts to reform the US healthcare system gained some much-needed momentum, when two wavering Democratic congressmen said they would vote for a healthcare reform billSource: Financial Times - US homepage | 17 Mar 2010 | 5:00 pm Oil groups urge Indian wealth fundIndia is facing demands from the local state-owned oil industry to create its first sovereign wealth fund to compete with China in the race to secure global energy assetsSource: Financial Times - US homepage | 17 Mar 2010 | 5:00 pm Small Caps, Market Caution, Private Equity: Taking StockSource: Bloomberg - All Podcasts | 17 Mar 2010 | 4:57 pm Sprint to support Google's Nexus One smartphoneSAN FRANCISCO (Reuters) - Google Inc's Nexus One smartphone will soon be available to subscribers of Sprint Nextel Corp, the second U.S. wireless service provider to announce an agreement to support the touchscreen phone.
Source: Reuters: Business News | 17 Mar 2010 | 4:47 pm Write-Offs: 03.17.10$$$ Brian Moynihan: “We missed the mark. Our b.” [Charlotte Observer] $$$ Elizabeth Warren’s War [Fortune] $$$ Jim Cramer’s TheStreet Is Being Investigated By The SEC [ZH] $$$ Why So Few Women on the Forbes Richest People List? [Slate] 
Source: Dealbreaker | 17 Mar 2010 | 4:30 pm Forget Taxing Marijuana; The Real Money's In Cocaine
Different strains of medical marijuana at Coffeeshop Blue Sky in Oakland, California. (Justin Sullivan/Getty Images) By Jacob Goldstein A Harvard economist has estimated how much money states would raise by legalizing and taxing marijuana and cocaine. In a podcast a while back, Harvard's Jeffrey Miron told us that his estimates for what California would bring in from taxing marijuana are much smaller than some of the numbers that are floating around out there (including a $1.4 billion estimate from state officials). Since that interview, Miron has come out with a paper estimating, among other things, potential tax revenues from cocaine and marijuana. It turns out the big tax money is in cocaine. Sure, legalizing marijuana is highly unlikely and legalizing cocaine isn't even on the table in mainstream politics. Still, it's interesting to know what the numbers would be -- particularly when they're coming from a Harvard economist. Here's a table that shows Miron's estimates for the annual tax revenues each state would get from marijuana and cocaine. (The figures are in millions; for more details, see the explanation and links after the table.)
On top of state revenues, Miron estimates that a federal taxes would amount to $4.28 billion for marijuana and $12.47 billion for cocaine. Miron figures taxes on the drugs would be comparable to taxes on alcohol and tobacco. His estimates for how many people in each state use marijuana and cocaine are based on a government survey. (He notes that the number of users would likely rise if the drugs were legalized, but his estimates don't account for this.) He estimates that if marijuana and cocaine were legalized, their prices would fall by 50% and 80%, respectively. The research was funded by the Criminal Justice Policy Foundation; here's the foundation's take on drug policy. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 17 Mar 2010 | 4:20 pm Summary Box: Stocks rise on hopes for low rates (AP)AP - THE DOW CATCHES UP: The Dow Jones industrial average joined the Standard & Poor's 500 index and the Nasdaq composite index in reaching new highs for 2010. The indexes are at their best levels in about 18 months.Source: Yahoo! News: Stock Markets News | 17 Mar 2010 | 4:20 pm Stocks climb after Fed pledges to hold rates low (AP)
Source: Yahoo! News: Stock Markets News | 17 Mar 2010 | 4:10 pm How the major stock indexes fared on Wednesday (AP)AP - The Dow Jones industrial average rose Wednesday to close at a new high for 2010.Source: Yahoo! News: Stock Markets News | 17 Mar 2010 | 4:05 pm Europe facing commercial property timebombEurope faces a commercial property debt timebomb with almost €1 trillion (£896bn) outstanding from the sector and a quarter of that potentially distressed.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Mar 2010 | 4:04 pm Bloomberg’s Rochelle Discusses Lehman Bankruptcy: BLAWSource: Bloomberg - All Podcasts | 17 Mar 2010 | 3:39 pm Autodesk Added to `Conviction Buy' at Goldman Sachs: AudioSource: Bloomberg - All Podcasts | 17 Mar 2010 | 3:22 pm Lenny Dykstra Sues JPMorgan Show us on the doll where Jamie Dimon touched you. Those of you who’ve been keeping up with Nails’ Travails are well aware of the fact that his current financial situation? Is not fault of his own. There is someone to blame however, and that someone, LD has said many times, is JPMorgan. It is JPMorgan née Washington Mutual who caused Lenny to lose millions due to “predatory lending” and it is JPMorgan who should be losing sleep at night over the fact that Nails lives in the back of a Chevelle and can no longer afford to fly private. And if you thought he was kidding, think again.
Source: Dealbreaker | 17 Mar 2010 | 3:15 pm The Hardest Working Brands for 2009: The Year Of The DogA look at the “hardest working” major brands for 2009 shows that a number of them belong to companies which have done poorly and, in at least one case, may file Chapter 11. This is due to the definition of a hard-working brand, which is based on the ratio of its value to the market capitalization of its [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Mar 2010 | 2:46 pm Blockbuster shares plunge on bankruptcy warning (AFP)
Source: Yahoo! News: Stock Markets News | 17 Mar 2010 | 2:40 pm Beijing warned of business damage from text crackdownChinese internet company says crackdown on mobile text messaging is starting to hurt its businessSource: Financial Times - US homepage | 17 Mar 2010 | 1:31 pm Sprint Picks Up Google’s Much-Despised Nexus OneGoogle (GOOG) may have to rename its Nexus One because of trademark infringement issues, but whatever the handset it is called Sprint (S) will distribute the product. “Nexus One, the first wireless phone sold through Google’s web store, is planned for Sprint’s 3G Mobile Broadband Network. Sprint will announce pricing and an exact availability date soon. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Mar 2010 | 1:23 pm A look at global economic developments (AP)AP - A look at economic developments and activity in major stock markets around the world Wednesday:Source: Yahoo! News: Stock Markets News | 17 Mar 2010 | 1:13 pm Google Loses “Nexus One” Trademark RulingThe US Patent and Trademark Office has denied Google’s application for its “Nexus One” trademark. Several media sources say that “a likelihood of confusion” with a trademark held Portland, Ore.-based Integra Telecom Inc. Google’s shares have dropped since midday when it was at $572 down to $566 at 3 PM. It is hard to imagine what will [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Mar 2010 | 1:05 pm SEC says Lehman report will be helpfulWASHINGTON (Reuters) - A Lehman Brothers bankruptcy examiner's report will help securities regulators in their investigation of large financial firms involved in the Wall Street meltdown, a top regulator said on Wednesday.
Source: Reuters: Business News | 17 Mar 2010 | 12:23 pm SEC says Lehman report will be helpful (Reuters)Reuters - A Lehman Brothers bankruptcy examiner's report will help securities regulators in their investigation of large financial firms involved in the Wall Street meltdown, a top regulator said on Wednesday.Source: Yahoo! News: Stock Markets News | 17 Mar 2010 | 12:23 pm Jesup Lamont’s Becker: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 17 Mar 2010 | 12:06 pm New Jersey’s Christie: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 17 Mar 2010 | 12:05 pm Wal-Mart Goes Big In Fringe Banking
(Robyn Beck/AFP/Getty Images) By Jacob Goldstein Wal-Mart already has "MoneyCenters" in 1,000 of its U.S. stores, and the company said yesterday it plans to to add 400 more by the end of the year. The centers offer services like check cashing and bill pay that are often considered part of the broader "fringe banking" system. But when services are offered in 40% of the Wal-Marts in America, does it really make sense to call them fringe? Seventeen million U.S. adults live in a household where nobody has a bank account, according to a recent FDIC report. Lots of those people go to local check-cashing outfits that often charge high fees. So Wal-Mart, which charges $3 to $6 cash a check, can be a good alternative, said Alejandra Lopez-Fernandini, who works for a New America Foundation program that aims to help low- and middle-income people build wealth. At the same time, she said, using Wal-Mart to cash checks is "a band-aid" -- what people really need to do to start moving up the economic ladder is establish a relationship with a bank or credit union. Which brings up an interesting backstory. A few years ago, Wal-Mart applied to get a bank charter, but got turned down, the WSJ notes. A charter would have allowed the company to take deposits and make loans. The company tells the WSJ it's content to stay in the narrower sector of financial services where it's now working. Besides bill pay and check cashing, Wal-Mart sells a pre-paid Visa debit card and offers a few other services. That puts Wal-Mart at the center of a potentially big flow of money that's largely outside of the traditional banking sector, Rajesh Narayanan, an LSU finance professor who has followed the company, told me. People get paid at work, bring their check to Wal-Mart, put the money on their pre-paid debit card and spend it. "These things are not big enough to really matter for monetary policy yet," Narayanan told me. But that could change as Wal-Mart opens more MoneyCenters and continues to expand its business. "Remember," Narayan said, "Wal-Mart is 3% of GDP." » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 17 Mar 2010 | 12:00 pm Meetup, tweetup, post, comment, sell!If you think you're having social media management issues, consider the plight of big companies. They're trying to stay connected to customers whose main mode of communication is social networking. Stacey Vanek-Smith reports.Source: Marketplace | 17 Mar 2010 | 11:50 am Americans, taxes and Wagner's LawAlthough taxes have not been rising, Americans have continued to desire more government services. The New York Times's David Leonhardt discusses this phenomenon with Kai Ryssdal.Source: Marketplace | 17 Mar 2010 | 11:50 am How fast food became the school lunchSociologist Janet Poppendieck spent some time trying to make sense of how school meals are prepared and served. She talks with Kai Ryssdal about her new book on school nutrition programs.Source: Marketplace | 17 Mar 2010 | 11:50 am School cost cuts lead to more garbageHard plastic lunch trays are largely a thing of the past in school cafeterias, because disposable trays that don't need washing are cheaper. But what about the environmental impact? Linda Lutton reports.Source: Marketplace | 17 Mar 2010 | 11:50 am Can Obama dispel clouds of trade war?Sniping between Washington and Beijing over China's currency policy is continuing, with the Chinese claiming they've become a scapegoat for America's trade problems. But commentator David Frum says it's about time the U.S. said something.Source: Marketplace | 17 Mar 2010 | 11:50 am Education plan to target worst schoolsEducation Secretary Arne Duncan went to Capitol Hill to talk about overhauling America's schools and increasing federal spending on them by $4 billion. Nancy Marshall Genzer reports.Source: Marketplace | 17 Mar 2010 | 11:49 am Study finds this recovery is joblessFewer jobs are being created in the recovery from the latest recession compared to the last three recessions, according to a study by the Brookings Institution. Jeremy Hobson reports.Source: Marketplace | 17 Mar 2010 | 11:49 am Italian Towns Play Tit for Tat with Chase, UBS
JP Morgan Chase, UBS, Deutsche Bank, Depfa, and a handful of individuals will stand trial in Italy for aggravated fraud. The banks are accused of adjusting interest rates on derivatives deals with the city of Milan, causing the city government to lose about 100 million euros. The BBC reports: In the case of Milan, the four banks are accused of misleading the city authorities when they agreed a derivatives deal on a 1.68bn euro ($2.31bn; £1.51bn) loan in 2005. The deal adjusted the interest payments on the loan – a move which Milan says leaves it facing a 100m euros loss. The arrangements between banks and cities, including Milan, were designed to reduce interest payments on their loans. Prosecutors say the trial, which is due to begin in May, is an important test case for hundreds of Italian cities who have lost money through similar deals. JP Morgan denied employees involved had acted inappropriately, while Deutsche and UBS also denied any wrongdoing. Depfa was not available for comment. Alphaville’s Joseph Cotterill has describes Depfa, in case you weren’t aware: Depfa, for the uninitiated, is a Dublin-based German-Irish bank owned by Hypo Real Estate, which was itself nationalised by Berlin a year ago. Milan also wants an extra 239 million euros in liabilities from the banks, according to Reuters, which reports on a possible Italian derivatives epidemic: The Bank of Italy put the notional value of derivatives contracts at 24.1 billion euros in June 2009. However, Il Sole 24 Ore business newspaper on Thursday cited Treasury data to put the overall figure at 35.5 billion euros — a third of local governments’ debt — when wider criteria were used. Local governments rushed into derivatives in part because they helped ease the rigidity of a 2001 law that bars taking on new debt except to finance investment. But another big draw was the upfront payment many cities got in advance for signing revamped agreements, usually done without a bidding process, analysts said. Renegotiated deals shoved back payment and costs in a “political manipulation” of signings, said Giampaolo Gialazzo with the Tiche consultancy in Treviso. When rates are low, as they were when many contracts were agreed, local authorities using a variable rate could find their costs shrinking. However, when rates rose, officials would find themselves owing more money. Milan has argued, as have many other local administrations, that the contracts were murky, carried hidden costs and banks had failed to explain them. Court cases aside, Milan still wants in on derivatives, according to Reuters. The city council is now looking for a fixed-rate derivatives contract. Governments and banks are both playing the same game: You didn’t make me rich, now I’m going to try to screw you. Italy is, what, Round 3? Round 4? Will anyone ever end up on top of this game?
Source: Business Pundit | 17 Mar 2010 | 11:43 am Michael Lewis: “The Financial System Works Beautifully If The Dicks Are Smart”
The problem this time around, according to ML? Was that “most of the dicks were stupid.” Stewart’s two cents: “The entire financial market was a bunch of George Costanazas, telling lies they believed.” (And banging their cleaning ladies on the desk, do not forget that.) Also, note the cat-calling for Einhorny from the audience. Nice to see others finally getting on board.
Source: Dealbreaker | 17 Mar 2010 | 11:15 am Blockbuster Faces Chapter 11Blockbuster Inc. has said it may file for bankruptcy if it can’t restructure or refinance its debt. MarketWatch has more: Because of its losses and “the increasingly competitive industry conditions,” the company sees “substantial doubt about our ability to continue as a going concern,” according to the company’s filing. Blockbuster said if its operating results don’t improve and if it is unable to refinance or restructure its debt, it “could require us to pursue a restructuring of our indebtedness or file for protection under the U.S. Bankruptcy Code.” Blockbuster’s debt, including capital lease obligations, totaled $964 million as of Dec. 31, according to its financial filings. The company issued a similar warning nearly a year ago, but was able to improve its liquidity through widespread store closings and amended agreements with creditors to delay debt payments. As part of its plan to stave off bankruptcy, Blockbuster plans to close more stores and cut expenses by more than $200 million. It hopes to do a debt-for-equity swap with holders of its senior subordinated notes and intends to hold talks with holders of its Series A convertible preferred stock, the company said in the filing. Last month, Movie Gallery Inc., which also owns Hollywood Video, filed for Chapter 11 bankruptcy protection. It is liquidating at least 760 stores. Carl Icahn and Goldman Sachs respectively own 10.8% and 9.9% of the company, according to the article. Blockbuster hasn’t exactly been competitive during the past decade or so. Still, it will be sad to see the neighborhood video store go.
Source: Business Pundit | 17 Mar 2010 | 11:10 am BioHealth Business Daily (ABII, STEM, XNPT, LXRX, MIPI, LLY, GTXI, SHPGY, JAZZ)We are seeing many key movers in the BioHealth space today. Biotech stocks and drug stocks are often more volatile than other sectors. Today’s BioHealth Business Daily includes the key moves and news seen in Abraxis BioScience, Inc. (NASDAQ: ABII), StemCells Inc. (NASDAQ: STEM), Xenoport, Inc. (NASDAQ: XNPT), Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX), Molecular Insight [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Mar 2010 | 9:53 am Ex-Lehman Brothers Execs Tickled By How Bent Out Of Shape Everyone Is Getting Over Firm’s Use Of Repo 105
Once Chuckles got a second to catch his breath, he wanted to get one thing straight. He’s not laughing with you, he’s laughing at you.
It’s such a NBD that I don’t even know why we’re talking about it. But while we’re on the subject? If you thought Lehman was bad? Maybe you should stick your nose in Goldman’s business. That shit will haunt your dreams. It’s like Saw over there.
Source: Dealbreaker | 17 Mar 2010 | 9:35 am Richard Kang Says Investors Looking Outside U.S.: AudioSource: Bloomberg - All Podcasts | 17 Mar 2010 | 9:19 am Companies to Receive Tax Breaks for New Hires
The government will give companies a 6.2% Social Security tax break for every new hire, thanks to a new $18 billion jobs bill that Congress approved yesterday. Each worker must have been unemployed for at least 60 days to qualify. Bloomberg has more details: The Senate voted today 68-29 to send the legislation to President Barack Obama for his signature. It would also expand federal subsidies for municipal bonds, increase highway spending and offer small businesses more power to write off the cost of investments. “This is a good day for American workers,” said Senator Charles Schumer, a New York Democrat. “This is just the first, certainly not the last piece of legislation that we will put forward in relation to jobs.” Republicans criticized the legislation, saying the $13 billion payroll tax holiday, estimated to produce up to 234,000 jobs, would cost taxpayers too much per position created. Others criticized the bond subsidies as excessive. “This isn’t so much a jobs bill as it is a debt bill,” said Senator Judd Gregg, the ranking Republican on the Budget Committee. The measure…would transfer almost $20 billion in tax revenue into the government’s highway trust fund while expanding subsidies for bonds financing school construction and energy related projects. That 60 days of unemployment caveat would sway companies away from choosing more qualified, but more recently unemployed candidates. I don’t think that kind of minor detail matters in an election year, though.
Source: Business Pundit | 17 Mar 2010 | 9:16 am One-Time Dividends Today Versus Past (GRMN, LTD, MSFT, AXE, INSP)Dividends reward shareholders through time. One-time dividends are often thought of as windfall events, although in today’s world it may be getting the dividend payments out to shareholders in the most tax efficient way in case the tax rates end up reverting back to higher rates after 2010. This morning we have seen a one-time [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Mar 2010 | 9:09 am Eliot Spitzer Is Inching His Way Back Into The Trust Tree
Source: Dealbreaker | 17 Mar 2010 | 9:09 am 25 St. Patrick’s Day Toasts
Impress your friends this year with one of the 25 St. Patrick’s Day toasts and Irish sayings below. If you rattle off one quote per beer, this entire post should get you through the night: 1. If you’re enough lucky to be Irish, you’re lucky enough! –Irish saying 2. Many an opportunity is lost because a man is out looking for four-leaf clovers. -Unknown 3. Here’s to a long life and a merry one. 4. It is better to spend money like there’s no tomorrow than to spend tonight like there’s no money! -Irish toast 5. An Irishman is never drunk as long as he can hold onto one blade of grass to keep from falling off the earth. -Irish saying 6. There are only two kinds of people in the world, The Irish and those who wish they were. -Irish saying 7. Irish diplomacy is the ability to tell a man to go to hell so that he looks forward to making the trip. –Irish saying 8. An Irishman has an abiding sense of tragedy which sustains him through temporary periods of joy. –Irish saying 9. The Irish forgive their great men when they are safely buried. –Irish saying 10. Anyone acquainted with Ireland knows that the morning of St. Patrick’s Day consists of the night of the seventeenth of March flavored strongly with the morning of the eighteenth. –Uknown 11. May your blessings outnumber 12. Never iron a four-leaf clover, because you don’t want to press your luck. -Unknown 13. A best friend is like a four leaf clover: hard to find and lucky to have. -Unknown 14. The list of Irish saints is past counting; but in it all no other figure is so human, friendly, and lovable as St. Patrick – who was an Irishman only by adoption. -Stephen Gwynn 15. St. Patrick… one of the few saints whose feast day presents the opportunity to get determinedly whacked and make a fool of oneself all under the guise of acting Irish. –Charles M. Madigan 16. May misfortune follow you the rest of your life, but never catch up. –Irish saying 17. May your home always be too small to hold your friends. –Irish toast 18. May your glass be ever full. 19. May you never forget what is worth remembering or remember what is best forgotten. –Irish blessing 20. In Heaven there is no beer that’s why we drink it here! –Irish saying 21. May God bless and keep in good health your enemies’ enemies. –Irish blessing 22. May the saddest day of your future be no worse than the happiest day of your past. –Irish saying 23. Here’s to you and yours and to mine and ours. And if mine and ours ever come across to you and yours, I hope you and yours will do as much for mine and ours as mine and ours have done for you and yours! –Irish toast 24. May you live as long as you want and never want as long as you live. –Irish saying 25. Drink is the curse of the land. It makes you fight with your neighbor. It makes you shoot at your landlord-and it makes you miss him. -Irish saying
Source: Business Pundit | 17 Mar 2010 | 8:54 am Arthur Levitt: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 17 Mar 2010 | 8:17 am UBS’s Donovan: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 17 Mar 2010 | 8:16 am Oppenheimer’s Belski: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 17 Mar 2010 | 8:15 am Four banks face trial over derivatives dealsUBS, JPMorgan Chase, Deutsche Bank and Depfa were charged with fraud for their roles in a €1.7bn financing package for the Italian city of Milan in a case that will fuel debate about the use of complex derivativesSource: Financial Times - US homepage | 17 Mar 2010 | 8:13 am Vincent Reinhart: Bloomberg On the Economy With Tom KeeneSource: Bloomberg - All Podcasts | 17 Mar 2010 | 8:12 am Thieves Rappel From Ceiling In $75 Million Pharma RaidBy Jacob Goldstein Here's a reminder of just how vast the global black market for pharmaceuticals is: In a weekend raid, thieves stole $75 million worth of antidepressants, antipsychotics and other drugs from a Connecticut warehouse. The perps scaled a brick wall, cut a hole in the ceiling and rappelled down, the AP reports. They disabled an alarm then spent at least an hour loading pallets of drugs into a vehicle at a loading dock. There were similar thefts last year in Tennessee and Mississippi, where thieves also cut through the ceilings of drug warehouses, the AP said. The warehouse hit last weekend was owned by Eli Lilly. About $184 million of pharmaceutical drugs were stolen last year in the U.S., roughly twice as much as the year earlier, according to the Indianapolis Star, Lilly's hometown paper. It's unclear where the drugs will turn up. The black market for pharmaceuticals tends to be bigger overseas, in countries where there's less regulation, one expert told the AP. But the Indy paper notes that stolen insulin turned up at a Houston medical facility last year. The insulin hadn't been properly stored, and some patients who used it had dangerous spikes in blood sugar, the FDA said. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 17 Mar 2010 | 7:54 am World Bank Downplays China InflationThe World Bank issued its quarterly update on the Chinese economy. The organization said that because the world’s most populous nation had GDP growth of 8.7% during the worst of the recession, the People’s Republic was likely to show an increase of 9.5% this year. That World Bank’s last forecast was for 9%. growth. “We project [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Mar 2010 | 7:37 am FDIC Chief: Smaller Banks 'Doing A Better Job' LendingSheila Bair, who heads the FDIC, swung by All Things Considered yesterday. Here are a few key quotes from her interview. On bank failures: It's going to be difficult this year. We had 140 bank failures last year, and we think there will be more bank failures this year. However, we have more than 8,000 insured depository institutions out there. Most of them are profitable, well capitalized and doing fine. On lending by small versus large banks: The smaller banks are doing a better job in continuing to make loans than the larger institutions. ... And we've also asked [large banks] not to ... say, well, certain areas of the country we're not going to lend or certain, you know, business types were not going to lend, or certain size of loans we're not going to lend. Those types of model-driven formulas we think are harmful. And so we encourage all banks, large and small, to make individual credit determinations. So if you have a credit worthy borrower, know your borrower and make the loan. There's a piece of what we call resolution authority which would basically create a mechanism to take over a large financial institution that has gotten itself into trouble and break it up and sell it. This is a type of process we use for smaller institutions. This is a mechanism that used to be used for all the large banks, as well, and then a lot of what had been traditional banking activity moved into non-banks. And so we really have no resolution process for activity that's moved outside of an insured depository institution, and that was really where the lion's share of the problems were created during this crisis. So, on the resolution piece in particular, we're very supportive. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 17 Mar 2010 | 7:30 am Shia LaBeouf Has Learned A Few Things From His Time On Wall Street I'll give you 3 guesses who taught me this move but you'll only need one. As I’m sure many of you know, it’s not atypical for someone with a long and storied career on the Street to look back and reflect. They’ve earned the right and its likely that if any of the young whippersnappers cared to listen, they might learn something themselves. Shia LaBeouf is no different. As someone who spent months trading his online brokerage account, bonded with the Charles Schwab guys (Encino branch) and taken several meetings with employees of Goldman Sachs, all in preparation for his (fake) career, he’s figured out a thing or two. And now he wants to share it with you. On being humbled and possibly meeting Ping Jiang:
On giving people a chance and loving how amped up you get.
On turning $20,000 into fuck you money.
He’s So Money [GQ]
Source: Dealbreaker | 17 Mar 2010 | 7:25 am Presented By:Source: Dealbreaker | 17 Mar 2010 | 7:00 am Dick Fuld Loved The Lehman Brothers Report
Fuld privately believes that the report by examiner Anton Valukas provides proof that he did nothing illegal as he steered Lehman through a financial mess that ultimately led the firm to file the largest bankruptcy in US history, according to sources familiar with the matter [...] But while Valukas in the report said that the Lehman estate has “colorable” claims against Fuld, former CFO Erin Callan, and other members of the financial team for not disclosing its use of the Repo 105 transactions, people in Fuld’s camp think differently. They say that if after poring over reams of documents and sifting through millions of e-mails, Repo 105 is the strongest example of Lehman’s supposed shenanigans, Fuld & Co. are in good shape. In related news, Joe Gregory is looking for a job, if anyone knows of any opportunities.
Source: Dealbreaker | 17 Mar 2010 | 7:00 am Public Offering Floodgates Open Wide (CUZ, DHX, DFS, EPR, FNSR, FPO, GEL, G, GLP, HIG, IRDM, LXRX, NVAX, ORG, SATC, TTMI)If you think you are alone in noticing that the markets have held up extremely well, you better take a look and see what managers and officers of public companies are doing on capital raises. There is a wave of secondary offerings this week either that already priced or on deck from companies such [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 17 Mar 2010 | 6:56 am Opening Bell: 03.17.10CIT Posts $1 Billion Quarterly Loss (NYT) Nomura Revamps Group Structure (WSJ) Deutsche Bank, JPMorgan, UBS Are Charged With Derivatives Fraud (Bloomberg) Major Dutch fund ABP sues BofA over Merrill (Reuters) Jim Rogers Sizes Up Two Global Bubbles (CNBC)
Source: Dealbreaker | 17 Mar 2010 | 6:45 am When St. Paddy’s and Good Friends Don’t Mix
Source: Failblog
Source: Business Pundit | 17 Mar 2010 | 5:18 am
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