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Obama making final health care pitch to House Dems (AP)
Source: Yahoo! News: Business News | 20 Mar 2010 | 4:13 am Obama urges senators to support financial reformWASHINGTON (Reuters) - President Barack Obama urged lawmakers on Saturday to resist pressure to weaken a financial reform bill and called again for an independent consumer watchdog to help prevent future financial crises.
Source: Reuters: Business News | 20 Mar 2010 | 4:02 am Budget 2010: a Q&A on what to expectWe explain what the Budget may mean for the economy, your finances and the election.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Mar 2010 | 3:59 am Tokyo marks 15th anniversary of subway gas attack (AP)
Source: Yahoo! News: Business News | 20 Mar 2010 | 3:55 am BA cabin crew strike under wayThousands face travel disruption as British Airways cabin crew begin a three-day strike over pay and working conditions.Source: BBC News | Business | World Edition | 20 Mar 2010 | 3:14 am India unexpectedly hikes rates a quarter pointIndia's central bank has unexpectedly hiked key interest rates a quarter of a percentage point, as the bank tries to cool high inflation amid a faster-than-expected economic rebound. TheSource: RSS feed - channel BNewsBusiness | 20 Mar 2010 | 3:11 am India unexpectedly hikes rates a quarter point (AP)AP - India's central bank has unexpectedly hiked key interest rates a quarter of a percentage point, as the bank tries to cool high inflation amid a faster-than-expected economic rebound.Source: Yahoo! News: Business News | 20 Mar 2010 | 3:11 am Barroso wants EU to agree loans for GreeceCommission wants European Union governments to reach an explicit agreement on a financial standby facility for Greece to help it overcome its debt crisisSource: Financial Times - US homepage | 20 Mar 2010 | 3:10 am Thousands of BA flights canceled as crew on strike (AP)
Source: Yahoo! News: Business News | 20 Mar 2010 | 2:56 am Canon stake in Oce hiked to 84 pct after tender offerTOKYO (Reuters) - Japan's Canon Inc said its tender offer for shares in Oce NV has raised its stake in the Dutch printer maker to 84 percent, moving closer to its target of turning Oce into a wholly owned subsidiary.
Source: Reuters: Business News | 20 Mar 2010 | 2:56 am Judge: $575M settlement rejected for 9/11 'heroes'A federal judge rejected a multimillion dollar settlement for people sickened by ash and dust from the World Trade Center, saying the deal to compensate 10,000 police officers, firefightersSource: RSS feed - channel BNewsBusiness | 20 Mar 2010 | 2:01 am Thousands of BA flights canceled as crew on strikeBritish Airways is scrambling to deal with the start of a three-day strike by its cabin crew on Saturday that has thrown the plans of thousands of travelers into chaos. BA has chartered...Source: RSS feed - channel BNewsBusiness | 20 Mar 2010 | 1:55 am Labour Budgets: are we winners or losers?Our personal finances really in better shape after 13 years of Labour Budgets?Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Mar 2010 | 1:07 am One failed test sinks family businessChicago meat grinder Prange Meats says it isn't the source of deadly E. coli found in a sample from its plant but it can't afford the risk of another positive test. ...Source: RSS feed - channel BNPaperBusiness | 20 Mar 2010 | 1:00 am Stocks close down as worries about Greek debt returnNEW YORK -- Stocks halted their steady climb Friday after renewed concerns about Greece's ability to pay its debts left investors questioning a global economic recovery.Source: RSS feed - channel BNPaperBusiness | 20 Mar 2010 | 1:00 am Smart phone maker Palm facing fight for survivalIts shares plummet nearly 30% after analysts offer grim assessments of the company's future. After nearly two...Source: RSS feed - channel BNPaperBusiness | 20 Mar 2010 | 1:00 am If the stock market's up, it must be rigged...right?Where was the stock market's Plunge Protection Team -- or at least, the Dip Protection Team -- when we needed them on Friday?Source: RSS feed - channel BNPaperBusiness | 20 Mar 2010 | 1:00 am One failed test sinks family businessChicago meat grinder Prange Meats says it isn't the source of deadly E. coli found in a sample from its plant but it can't afford the risk of another positive test.Dan Kotara's 35 years of grinding meat into hamburger ended last year after a single positive test for a potentially deadly strain of E. coli . Unable to market thousands of pounds of meat, he rented a trash bin and doused the food in black ink to render it unusable.
Source: L.A. Times - Business | 20 Mar 2010 | 1:00 am Option ARMs pose threat to housing marketEasy terms on the adjustable-rate mortgages, popular during the housing boom, are expiring. Higher bills could lead to more foreclosures, industry experts warn.Home values are slowly rising, and interest rates are still at low tide. But some analysts see a hidden reef that could sink the housing market: option-ARM loans.
Source: L.A. Times - Business | 20 Mar 2010 | 1:00 am L.A., Anaheim vie to steal Comic-Con from San DiegoThe huge comic book and pop culture convention is outgrowing the San Diego Convention Center. All three cities want the crowds and their tourist dollars. ...Source: RSS feed - channel BNPaperBusiness | 20 Mar 2010 | 1:00 am Smart phone maker Palm facing fight for survivalIts shares plummet nearly 30% after analysts offer grim assessments of the company's future.After nearly two decades of putting cutting-edge personal electronic devices in the hands of consumers, Palm Inc.'s grip on survival may finally be slipping.
Source: L.A. Times - Business | 20 Mar 2010 | 1:00 am Carl Icahn makes hostile bid for Lions GateThe activist investor wants the studio to change its business strategy, cut costs and drop its effort to buy Metro-Goldwyn-Mayer's film library. But his offer is meager. ...Source: RSS feed - channel BNPaperBusiness | 20 Mar 2010 | 1:00 am Carl Icahn makes hostile bid for Lions GateThe activist investor wants the studio to change its business strategy, cut costs and drop its effort to buy Metro-Goldwyn-Mayer's film library. But his offer is meager.Activist investor Carl Icahn launched a hostile $6-a-share takeover bid Friday for Lions Gate Entertainment Corp., ratcheting up his pressure on Hollywood's biggest independent studio to change its business strategy, cut costs and halt its effort to buy Metro-Goldwyn-Mayer's film library.
Source: L.A. Times - Business | 20 Mar 2010 | 1:00 am Strike snarls British Airways scheduleThe airline cancels thousands of flights, though it hopes to get most international passengers to their destinations.A three-day strike by British Airways cabin crew affecting thousands of travelers is going ahead Saturday after last-ditch talks between the airline's management and union leaders collapsed.
Source: L.A. Times - Business | 20 Mar 2010 | 1:00 am If the stock market's up, it must be rigged...right?Where was the stock market's Plunge Protection Team -- or at least, the Dip Protection Team -- when we needed them on Friday?
Source: L.A. Times - Business | 20 Mar 2010 | 1:00 am Pentagon may give EADS more time to bid on aerial tankerThe European company says it may try to win the $35-million contract on its own after its U.S. partner, Northrop Grumman, dropped out. ...Source: RSS feed - channel BNPaperBusiness | 20 Mar 2010 | 1:00 am Option ARMs pose threat to housing marketEasy terms on the adjustable-rate mortgages, popular during the housing boom, are expiring. Higher bills could lead to more foreclosures, industry experts warn. ...Source: RSS feed - channel BNPaperBusiness | 20 Mar 2010 | 1:00 am Pentagon may give EADS more time to bid on aerial tankerThe European company says it may try to win the $35-million contract on its own after its U.S. partner, Northrop Grumman, dropped out.The Pentagon is considering extending the deadline for bids to replace its aging fleet of aerial refueling tankers after Airbus-parent European Aeronautic Defense & Space Co. said it may go after the $35-billion contract on its own.
Source: L.A. Times - Business | 20 Mar 2010 | 1:00 am L.A., Anaheim vie to steal Comic-Con from San DiegoThe huge comic book and pop culture convention is outgrowing the San Diego Convention Center. All three cities want the crowds and their tourist dollars.Call it a clash of the titans.
Source: L.A. Times - Business | 20 Mar 2010 | 1:00 am Six Flags to be taken over by junior bondholders in settlementSix Flags Inc. junior bondholders are expected to own the operator of Magic Mountain and other theme parks under a settlement reached Friday, ending a two-week bankruptcy trial.Source: RSS feed - channel BNPaperBusiness | 20 Mar 2010 | 1:00 am Strike snarls British Airways scheduleThe airline cancels thousands of flights, though it hopes to get most international passengers to their destinations. ...Source: RSS feed - channel BNPaperBusiness | 20 Mar 2010 | 1:00 am Six Flags to be taken over by junior bondholders in settlementSix Flags Inc. junior bondholders are expected to own the operator of Magic Mountain and other theme parks under a settlement reached Friday, ending a two-week bankruptcy trial.
Source: L.A. Times - Business | 20 Mar 2010 | 1:00 am Budget 2010: Tax has doubled under LabourThe Government's share of what we earn has nearly doubled in value since Labour came to power.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 20 Mar 2010 | 12:50 am Police: Arrest in NJ Walmart racial comment casePolice say they have made an arrest in the case of a racial comment being made over the public-address system at a Walmart store in southern New Jersey. The Washington Township Police...Source: RSS feed - channel BNewsBusiness | 20 Mar 2010 | 12:35 am Letter: Lehman accounting tricks possibly illegal (AP)
Source: Yahoo! News: Business News | 20 Mar 2010 | 12:35 am Strike begins as talks between BA, union collapseA three-day strike by British Airways cabin crew affecting thousands of travelers began Saturday after last-ditch talks between the airline's management and union leaders collapsed. The...Source: RSS feed - channel BNewsBusiness | 19 Mar 2010 | 10:37 pm Doha trade talks not at their expected stage - Anand Sharma (Reuters)
Source: Yahoo! News: Business News | 19 Mar 2010 | 9:09 pm Outside the Box: Face it, the government saved usAmericans are good and angry -- and rightly so.
Source: MarketWatch.com - Top Stories | 19 Mar 2010 | 9:01 pm Sen Dodd urges Justice probe of Lehman accountingWASHINGTON (Reuters) - The chairman of the Senate Banking Committee on Friday wrote to the Justice Department urging establishment of a task force to probe possible violations of the law atSource: RSS feed - channel BNewsBusiness | 19 Mar 2010 | 8:54 pm Sen Dodd urges Justice probe of Lehman accountingWASHINGTON (Reuters) - The chairman of the Senate Banking Committee on Friday wrote to the Justice Department urging establishment of a task force to probe possible violations of the law at Lehman Brothers and other firms.
Source: Reuters: Business News | 19 Mar 2010 | 8:54 pm General Shopping Brasil - Gross Revenue Increases 18.9%, Adjusted EBITDA Rises 15.3%, With Margin at 73.4%, and Adjusted Net Profit Totals R$ 25.8 Million in 2009Source: RSS feed - channel BNewsBusiness | 19 Mar 2010 | 7:37 pm Auto sales are up, driven by incentivesDeals offered by a beleaguered Toyota have helped retail sales, but analysts warn of an incentive war and the risk of long-term harm.March is turning out to be a torrid month for auto sales.
Source: L.A. Times - Business | 19 Mar 2010 | 6:58 pm Barroso wants EU to agree loans for GreeceBRUSSELS/ATHENS (Reuters) - European Commission President Jose Manuel Barroso urged EU member states on Friday to agree a standby aid package Greece after Athens said it could turn to the...Source: RSS feed - channel BNewsBusiness | 19 Mar 2010 | 6:45 pm Regulators shut 7 banks in 5 states; 37 in 2010 (AP)AP - Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year.Source: Yahoo! News: Business News | 19 Mar 2010 | 6:30 pm Lloyds boost for Chancellor with surprise profit forecastLloyds Banking Group raised hopes that the recovery was gathering speed yesterday when it reported that bad debts were shrinking faster than expected and that it was likely to make a profit this year. Source: Latest Business News from Times Online | 19 Mar 2010 | 6:01 pm Strikes will plague the run-up to the general electionTens of thousands of British Airways passengers whose travel plans this weekend have been thwarted are only the first victims of industrial unrest threatening to disrupt air, rail and road travel this Easter. Source: Latest Business News from Times Online | 19 Mar 2010 | 6:01 pm Police seize fake designer clothing worth £1m in north London raidsA gang that made tens of millions of pounds selling fake designer clothing has been smashed in an international police operation. Source: Latest Business News from Times Online | 19 Mar 2010 | 6:01 pm Bob Diamond is set for sparkling £20m bonus from BarclaysBarclays has given Bob Diamond a shares-based bonus deal over three years that could be worth £20 million at completion. Source: Latest Business News from Times Online | 19 Mar 2010 | 6:01 pm World Cup 2010 faces threat of blackouts and soaring metal pricesThe World Cup kicks off in only 82 days and while football fans may be rejoicing, metals traders are bracing themselves for trouble and a dramatic spike in prices. Source: Latest Business News from Times Online | 19 Mar 2010 | 6:01 pm Black Horse rides to the Chancellor's rescueConspiracy theorists scented something fishy about the timing of Lloyds Banking Group’s cheery forecast of a return to profits yesterday. Source: Latest Business News from Times Online | 19 Mar 2010 | 6:01 pm Businesses denied loans should have right of appeal, says Lord MandelsonSmall and medium-sized businesses that have their applications for loans rejected will be able to appeal to more senior bank managers under proposals from Lord Mandelson. Source: Latest Business News from Times Online | 19 Mar 2010 | 6:01 pm OFT ready to investigate investment banks’ profitsBritain’s competition watchdog is gearing up for a full-scale investigation into investment banking profits in what would be its first big inquiry into City practices for more than a decade. Source: Latest Business News from Times Online | 19 Mar 2010 | 6:01 pm Spring in the air for the Tempus TenIt is still more than a week before Eastern Platinum files full-year results, but that has not stopped shares in the South African miner from surging 68 per cent since the start of the year. Source: Latest Business News from Times Online | 19 Mar 2010 | 6:01 pm The Next Olympics: a high street take on the Olympic uniform and bedlinenWhich British fashion company is designing Team GB’s uniforms for the 2012 London Olympics? Paul Smith? Burberry? Aquascutum? Wrong. It’s that bastion of the high street, Next. Source: Latest Business News from Times Online | 19 Mar 2010 | 6:01 pm Latin American Markets: Mexico stocks move higher; key rate held steadyMexico’s equity benchmark rises Friday following the central bank's assessment that the economy is recovering at a faster-than-expected pace.
Source: MarketWatch.com - Top Stories | 19 Mar 2010 | 5:51 pm Peru aims for Japan, South Korea trade talks in AprilPeru is aiming to complete negotiations on free trade agreements with Japan and South Korea in April, Trade Minister Martin Perez said Friday. The new round of talks with South Korea...Source: RSS feed - channel BNewsBusiness | 19 Mar 2010 | 5:49 pm Embezzler who got tax credit faces more charges (AP)AP - A convicted embezzler who snagged more than $9 million in business tax credits from the state of Michigan has been charged with defrauding an elderly neighbor.Source: Yahoo! News: Business News | 19 Mar 2010 | 5:49 pm Blount International to Participate in Barclays Capital 2010 High Yield Bond and Syndicated Loan ConferenceSource: RSS feed - channel BNewsBusiness | 19 Mar 2010 | 5:48 pm Steve Jobs: 'I was lucky. Many others died'Source: Business and financial news - CNNMoney.com | 19 Mar 2010 | 5:46 pm Dodd calls for Lehman inquiryThe chairman of the Senate banking committee wants the justice department to investigate alleged accounting wrongdoing at Lehman Brothers and prosecute those who might have broken the lawSource: Financial Times - US homepage | 19 Mar 2010 | 5:43 pm Dodd: Probe Lehman and everyone it touchedA year and a half after Lehman Brothers' collapse, Senate Banking Committee Chairman Chris Dodd, D-Conn., is calling for a federal investigation into the "Lehman situation" and other companies that may have fudged their balance sheets, contributing to the financial crisis.Source: Business and financial news - CNNMoney.com | 19 Mar 2010 | 5:23 pm Stocks eye health reform, housing, GreeceNEW YORK (Reuters) - Washington's bid to put finishing touches on healthcare reform this weekend should help lift uncertainty on Wall Street, but there may be some turbulence along the way next week as the recent rally appears to be fraying.
Source: Reuters: Business News | 19 Mar 2010 | 5:19 pm Stocks eye health reform, housing, Greece (Reuters)
Source: Yahoo! News: Stock Markets News | 19 Mar 2010 | 5:19 pm Obama nearing victory on healthcarePresident Barack Obama appeared to be nearing victory in his epic struggle to push healthcare reform through a reluctant US Congress, an achievement that would inject new momentum into his flagging presidencySource: Financial Times - US homepage | 19 Mar 2010 | 5:11 pm No European financial protectionism: Barnier (AFP)
Source: Yahoo! News: Business News | 19 Mar 2010 | 4:48 pm Elliott Wave: Prechter Stays BearishRobert Prechter of Elliott Wave, who is ‘King of the Bears’ enough that he is called a permabear, came on CNBC this afternoon after the closing bell to tout the new bear market or that what we have seen is a still nothing more than a bear market rally. Prechter said at least since the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Mar 2010 | 4:43 pm Pay czar trims salaries at top of GM exec ranksPHOENIX (Reuters) - The U.S. pay czar will slash the number of top General Motors Co executives who will receive base salaries of more than $500,000 this year.
Source: Reuters: Business News | 19 Mar 2010 | 4:40 pm Pay czar trims salaries at top of GM exec ranks (Reuters)Reuters - The U.S. pay czar will slash the number of top General Motors Co executives who will receive base salaries of more than $500,000 this year.Source: Yahoo! News: Business News | 19 Mar 2010 | 4:40 pm Market's slow, steady climb stalls on Greece doubt (AP)AP - END OF THE LINE, FOR NOW: The market stopped its steady climb as investors again started doubting Greece's ability to pay its debts. The concern in the market is that the country's problems will spill over to others and hurt the global recovery.Source: Yahoo! News: Stock Markets News | 19 Mar 2010 | 4:33 pm Earnings Watch: Updates, advisories and surprisesA roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source: MarketWatch.com - Top Stories | 19 Mar 2010 | 4:31 pm Weekend Investor: Hedge fund-like mutual funds bid for your moneyHedge funds enjoy a certain glamour that the humble mutual fund lacks, including wealthy investors, the promise of outsized returns and billionaire money managers. Now this rarefied club is open to individual investors, and many are eagerly signing up.
Source: MarketWatch.com - Top Stories | 19 Mar 2010 | 4:29 pm Pound falls on 'recession risk'The pound drops against the dollar and the euro after a Bank of England policymaker said the UK could fall back into recession.Source: BBC News | Business | World Edition | 19 Mar 2010 | 4:26 pm iPad and the 99¢ TV showSource: Business and financial news - CNNMoney.com | 19 Mar 2010 | 4:13 pm Pound falls as investors worry about Budget giveawaysThe pound yesterday surrendered the vast part of its gains over the past week, as investors fretted about the prospects of a double-dip recession, and that the Government may not use the unexpected influx of tax revenues to boost its balance sheet.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Mar 2010 | 4:11 pm African Barrick Gold float priced at 575p - the lower end of price rangeAfrican Barrick Gold (ABG) has priced its flotation at 575p a share, the lower end of the indicated price range of 550p to 650p.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Mar 2010 | 4:11 pm Sports Direct given April 1 deadline for Blacks Leisure bidSports Direct, the sports chain owned by tracksuit entrepreneur Mike Ashley, was yesterday given a deadline of April 1 to make a formal bid for rival chain Blacks Leisure or walk away.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Mar 2010 | 4:11 pm 'Pre-pack' administrations may face stricter controlsThe Government may bring in new laws to govern how controversial "pre-pack" administrations are handled, after a report showed existing rules were not being followed in more than a third of cases.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Mar 2010 | 4:11 pm Stocks fall as worries about Greek debt return (AP)
Source: Yahoo! News: Stock Markets News | 19 Mar 2010 | 4:10 pm Former Lloyds tax chief Andrew Constantine dishes dirt on bankIn a quiet, halting and frequently muddled performance, Andrew Constantine, a former head of tax compliance at Lloyds TSB, delivered a damning indictment of how he claims the bank avoided billions of pounds in tax for several years through a bewildering range of schemes.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Mar 2010 | 4:02 pm Eric Daniels 'pushed tax avoidance even after bailout'Eric Daniels, chief executive of Lloyds Banking Group, signed off tax avoidance structures that were "unethical" and "against the spirit of the law", according to a whistleblowing former manager.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Mar 2010 | 4:02 pm Chancellor's hopes for profitable exit from Lloyds and RBS boosted after shares riseThe Chancellor secured publicity coup as leap in the value of RBS and Lloyds raised prospect he would be able to sell the stakes for a profit.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Mar 2010 | 4:02 pm Top Ten: MarketWatch's top stories of the week, March 15-19Here are MarketWatch's top 10 stories of this week. Also, please have a look at our videos previewing markets next week in the U.S., Europe and Asia.
Source: MarketWatch.com - Top Stories | 19 Mar 2010 | 3:54 pm Smartphones not enough for carriers at CTIANEW YORK (Reuters) - Smartphones may be one of the hottest areas in technology with big names like Apple and Google tussling for share, but investors are questioning the growth prospects for mobile carriers as subscriber gains slow.
Source: Reuters: Business News | 19 Mar 2010 | 3:46 pm Europe 'must act' on Greek debtThe European Commission urges eurozone governments to agree a package of loans to help Greece resolve its debt crisis.Source: BBC News | Business | World Edition | 19 Mar 2010 | 3:43 pm How the major stock indexes fared on Friday (AP)AP - Stocks halted their steady climb Friday after renewed concerns about Greece's ability to pay its debts left investors questioning a global economic recovery. The Dow Jones industrial average fell 37 points after advancing for eight straight days. Broader indexes also fell. Major indexes posted gains for the week.Source: Yahoo! News: Stock Markets News | 19 Mar 2010 | 3:40 pm Stocks to Watch: Stocks in focus for MondaySAN FRANCISCO (MarketWatch) -- Among the shares expected to see active trade in Monday's session are Williams-Sonoma Inc., Tiffany & Co., and Phillips-Van Heusen Corp.
Source: MarketWatch.com - Top Stories | 19 Mar 2010 | 3:40 pm Investors stall as risk-aversion returnsThe unresolved Greece situation plus monetary tightening in India, pared risky assets’ weekly gainSource: Financial Times - US homepage | 19 Mar 2010 | 3:34 pm Vote: Name Our Toxic Asset!We're tired of calling our toxic asset "our toxic asset." it's time to give it a name. You gave us your suggestions. We picked our favorites. Now we throw it back to you: Vote by midnight on Thursday, March 25th. We'll announce the winner on next Friday's podcast.
After the jump: The stories behind the names. Also: Three reasons why we used the ridiculous sunset graphic for our poll. Kenny: As in Kenny Loggins, who performed "Danger Zone," and also in honor of the South Park character who (at least in the first few seasons) got killed in every episode. Like Kenny, your asset's future contains certain doom. It's not a question of if it will die off, but how, and when. And when it does, I will shout at my computer, "Oh My God, They Killed Kenny!" Maverick: If the song for your asset is "Highway To The Danger Zone," then of course you have to name it "Maverick," after Tom Cruise's character in "Top Gun." ... Maverick was a loose cannon ... Then, in the moment of truth, when it looks like he's cracked and won't come through in combat, he gets his second wind , comes back into the fight and saves the day. Nina: For the No Income, No Asset loans that may have helped make her. Toxie: If you need an explanation on this one, submitted by several listeners, you're going to have to get it somewhere else. Tulip: I picked the name Tulip as a reference to the Dutch tulip crisis of the early 1600's, which is one of the first great crises is in economic history. Your toxic asset, much like a tulip bulb, is an unassuming instrument of economic turmoil, something that you wouldn't expect would cause so many problems. Three reasons why we used the ridiculous sunset graphic: 1. It's awesome. 2. Many of the homes in our toxic asset are in the sunbelt. 3. It's 70 degrees in NYC right now. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 19 Mar 2010 | 3:28 pm Court orders Fed to release bailout documentsNEW YORK (Reuters) - In a significant victory for news media, a federal appeals court said the Federal Reserve must disclose records on emergency lending programs to banks bailed out by the government in the financial crisis.
Source: Reuters: Business News | 19 Mar 2010 | 3:25 pm Dow breaks winning streakStocks slipped Friday as a strong dollar dragged on commodity prices, giving investors a reason to step back after pushing the Dow, S&P 500 and Nasdaq composite to 18-month highs in the previous session.Source: Business and financial news - CNNMoney.com | 19 Mar 2010 | 3:23 pm Washington Calendar: Washington events for March 22 - 26A look at the key economic and newsworthy events in Washington in the coming week.
Source: MarketWatch.com - Top Stories | 19 Mar 2010 | 3:09 pm Wal-Mart to slash grocery pricesSAN FRANCISCO (Reuters) - Wal-Mart Stores Inc will cut food prices and mount a new ad campaign over the next six weeks, a threat to other U.S. grocers that sent an industry shares index down more than 2 percent on Friday.
Source: Reuters: Business News | 19 Mar 2010 | 3:07 pm EADS says it may rejoin tanker biddingThe Pentagon may extend a deadline for bids on a new aerial-refueling tanker for the U.S. Air Force after Airbus parent EADS signals an interest in rejoining the competition.
Source: MarketWatch.com - Top Stories | 19 Mar 2010 | 3:05 pm Real Estate Weekly: Mortgage modifications spread beyond fedsMore mortgage lenders are offering modifications to troubled homeowners on their own without going through the government's HAMP process.
Source: MarketWatch.com - Top Stories | 19 Mar 2010 | 3:02 pm Online ad spending increases in fourth quarterSpending on online advertising in the U.S. increased 4.5% to $7.4 billion in the fourth quarter of 2009, marking its first quarterly growth in a year, according to a report published by IDC.
Source: MarketWatch.com - Top Stories | 19 Mar 2010 | 3:01 pm Presented By:Source: Dealbreaker | 19 Mar 2010 | 3:00 pm Write-Offs: 03.19.10$$$ Chris Dodd Asks Department Of Justice To Probe Lehman Repo 105 And “Other” Accounting [ZH] $$$ AIG CDOs Sold to Federal Reserve Placed on Review for Downgrade by Moody’s [Bloomberg] $$$ Goldman Sachs Sued for Not Divulging Madoff Ban to Investor [Law.com] $$$ Fallen trader has run out of options [Sydney Morning Herald] 
Source: Dealbreaker | 19 Mar 2010 | 3:00 pm Bank Earnings, Blockbuster, Stocks, Economy: Taking StockSource: Bloomberg - All Podcasts | 19 Mar 2010 | 2:46 pm Saved GM dealers ready to start selling againThe 661 auto dealers General Motors is offering to reinstate received letters this week with the deal terms -- and some breathed sighs of relief. They'll be able to get their franchises back without a pricey and protracted battle.Source: Business and financial news - CNNMoney.com | 19 Mar 2010 | 2:40 pm Dow snaps eight-session streak as commodities weigh (Reuters)
Source: Yahoo! News: Stock Markets News | 19 Mar 2010 | 2:38 pm Dow snaps eight-session streak as commodities weighNEW YORK (Reuters) - The Dow industrials snapped an eight-session winning streak on Friday, as renewed worries about Greece sparked a climb in the dollar and weighed on U.S. stocks.
Source: Reuters: Business News | 19 Mar 2010 | 2:38 pm Podcast: Did China's Central Bank Take Your Job?
Frederic J. Brown (AFP/Getty Images) Is China manipulating its currency? What does it even mean to manipulate a currency, anyway, and how does a country do it? On today's Planet Money, Alex Blumberg and David Kestenbaum explain the whole Chinese currency thing. Here's how it works. Start with a U.S. entrepreneur who sends payments, in dollars, to a Chinese factory. The Chinese factory goes to the bank and sells those dollars to buy yuan. That's happening at factories all over China. All other things being equal, that should mean that demand for yuan rises, driving up the value of yuan relative to dollars. But China's central bank is cranking out more and more yuan. So the supply of yuan increases along with demand, and the value of yuan remains stable. Some economists say this constitutes currency manipulation. They say that China is keeping the value of its currency artificially low, which makes Chinese goods cheaper in the rest of the world. It also makes goods made in the U.S. more expensive in China. That in turn hurts sales of U.S. goods in China, which raises U.S. unemployment, some argue. The Chinese government, and some economists, say China is not manipulating its currency. In the end, just what constitutes "currency manipulation" depends on intent. One man's manipulation is another man's stimulus. The U.S. Fed has also been cranking out currency over the past year, but has not been widely accused of being a currency manipulator. We'll be hearing more about this issue in the next few weeks. By April 15, Tim Geithner is required by law to tell Congress which countries are manipulating their currencies. Don't hold your breath, though: In the most recent report, issued six months ago, the U.S. didn't brand a single country as a currency manipulator. Learn the difference between "yuan" and "renminbi." Download the podcast, or subscribe. Music: Hot Chip's "Shake a Fist." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 19 Mar 2010 | 2:25 pm Howard Marks Is DepressedAbout the government.
Source: Dealbreaker | 19 Mar 2010 | 2:25 pm Icahn offers to buy Lions Gate as MGM bid loomsLOS ANGELES/NEW YORK (Reuters) - Billionaire investor Carl Icahn offered on Friday to buy Lions Gate Entertainment Corp , in a move designed to forestall the studio's expected bid for storied rival Metro-Goldwyn-Mayer Inc .
Source: Reuters: Business News | 19 Mar 2010 | 2:23 pm BarCap’s Diamond awarded up to £6m incentiveBob Diamond, president of Barclays Capital, has been awarded up to £6m under an incentive scheme revealed a month after waiving a cash bonus for 2009 in an attempt to calm rising public anger over bank paySource: Financial Times - US homepage | 19 Mar 2010 | 2:21 pm Banned ... by GoogleIn Turkey, it's a crime to defame the country's founder, Mustafa Kemal Ataturk or to ridicule "Turkishness." So Google restricts access to videos that the government of Turkey deems illegal on google.com.tr.Source: Business and financial news - CNNMoney.com | 19 Mar 2010 | 2:07 pm Toxic Asset Update: We Get Paid.By Jacob Goldstein Planet Money got paid today, but we didn't get much. Our monthly check from our toxic asset was $74.88 -- down from $141.33 last month. The formula that determines our monthly payment is complicated, and we can expect it to bounce up and down from month to month. The key question, really, is this: What are the total losses our asset has sustained? It takes losses when a house goes into foreclosure and gets sold at a loss. When the total losses in our bond hit $101,194,000, our toxic asset dies and we don't get any more money. It's unclear whether our asset will live long enough to pay us back the $1,000 we spent to buy it. Since our last monthly update, our asset has taken another $2.7 million in losses, bringing the total losses to $78.5 million. The graph below shows how losses have grown over time. That pink line is The Line of Death -- once we hit that, we're finished. 
For more on our toxic asset, watch the video, read the frequently asked questions, and look at the interactive graphic. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 19 Mar 2010 | 1:59 pm Britain: A heap of differenceBritain: A labour model mixing flexibility with elements of regulation is helping keep further winters of discontent at bay – but there is more hidden joblessness and strikes are still brewingSource: Financial Times - US homepage | 19 Mar 2010 | 1:51 pm Stabilizing stock market giving IPOs a boost (AP)AP - The IPO market is set for its busiest week in more than two years as a steadier stock market and the success of one deal is encouraging more companies to sell shares to the public.Source: Yahoo! News: Stock Markets News | 19 Mar 2010 | 1:49 pm An Example Of What’ll Get You Fired From Lehman Brothers
Source: Dealbreaker | 19 Mar 2010 | 1:45 pm Dream pieces: Accessorize your homeSource: Business and financial news - CNNMoney.com | 19 Mar 2010 | 1:17 pm Tiger Woods's return provokes controversyFor golf and the television networks that cover it, Woods’s decision to rejoin the tour next month is an answered prayer: simply put, the game depends on him. When Woods competes in a tournament, the television audience is 40-60 per cent larger than when he is not taking partSource: Financial Times - US homepage | 19 Mar 2010 | 1:12 pm Labor dispute hurts BA's brand imageA major industrial battle is brewing between Britain's biggest union and British Airways. Cabin crews are planning to strike, which means several flights are likely to be canceled. Stephen Beard reports.Source: Marketplace | 19 Mar 2010 | 12:26 pm Perils with Prius? Oh yeah, baby!Toyota's Prius has been going through some troubles lately. But commentator Marc Jaffe thinks having a whole new image for the brand may not be as bad as it seems.Source: Marketplace | 19 Mar 2010 | 12:26 pm Weekly Wrap: SEC and GreenspanReuters blogger Felix Salmon and Fortune Magazine's Leigh Gallagher talk with Kai Ryssdal about whether the SEC is on the road to redemption, and whether low interest rates contributed to the housing boom and bust.Source: Marketplace | 19 Mar 2010 | 12:26 pm Critics challenge Greenspan's defenseFormer Federal Reserve Chairman Alan Greenspan presented a 48-page review of the financial crisis at the Brookings Institution. He acknowledged some lapses, but denied the Fed encouraged the real estate bubble by leaving interest rates too low. Bob Moon reports.Source: Marketplace | 19 Mar 2010 | 12:26 pm Immediate changes if health bill passedThe House will soon vote on the health care bill. If passed, it would change some people's lives right away. Nancy Marshall Genzer reports.Source: Marketplace | 19 Mar 2010 | 12:25 pm Palm's new price target: $0Palm's future already looked bleak. But after reporting worse than expected results for the third quarter Thursday, some analysts think the company's stock is now essentially worthless.Source: Business and financial news - CNNMoney.com | 19 Mar 2010 | 12:17 pm Next Week’s Can’t Miss Earnings (TIF, WSM, CCL, RCL, WAG, ADBE, RHT, BBY, LULU, ORCL, CSCO)Next week actually has some key earnings despite the notion that earnings season is over. We have many tied to retail due to the notion that most stock sin the national retail group have an off quarter that ends a month later for its fiscal year compared to most because of the nature of retail [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Mar 2010 | 12:09 pm 25 best places to buy a home nowReal estate prices in Santa Rosa, California are heading higher. What other cities are projected to enjoy home price gains in 2010?Source: Business and financial news - CNNMoney.com | 19 Mar 2010 | 12:07 pm This Week’s LinksInc. Magazine has a fantastic list of interviews with leading CEOs. Did drug money keep the financial system afloat during the crisis? George’s Employment Blawg has great tips on answering 25 tricky interview questions. Barry Ritholtz explains how low interest rates contributed to the current recession. Newsweek has a slide show of famous US brands not made in the USA (via Economics Roundtable).
Source: Business Pundit | 19 Mar 2010 | 11:45 am National Employee Morale Day At SiemensJNNM9UFQGZZQ The spectacularly successful conglomerate Siemens (SI), which was roiled by scandal two years ago, has decided to fire another 4,200 people. Those being cut are in the firm’s IT business solutions unit. This division of Siemens was only moderately profitable last year. Revenue for the operation was $6.5 billion last year. Siemens plans to spin out [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Mar 2010 | 11:34 am States tackle health reform on their ownWhile Congress is immersed in a fierce debate about the future of America's health insurance system, entrepreneurs from coast to coast face a crisis right now.Source: Business and financial news - CNNMoney.com | 19 Mar 2010 | 11:32 am Maybe Houses Are Still Too ExpensiveBy Jacob Goldstein Some interesting data posted over at Calculated Risk suggest U.S. home prices may still be a little too high. 
The graph (click on it for a larger version) charts the national price-to-rent ratio, a measure of the cost difference between buying and renting. During the bubble, the ratio went way up -- it got much more expensive to buy than to rent. The ratio peaked in 2006 and has fallen significantly since then. But it's still higher than it was during the '80s and '90s, before the bubble. That suggests national home prices may fall a bit more before stabilizing. For more details on the data, see the full post at Calculated Risk. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 19 Mar 2010 | 11:31 am Judge Richard Posner: Bloomberg On the Economy With Tom KeeneSource: Bloomberg - All Podcasts | 19 Mar 2010 | 11:14 am Senator Bernard Sanders: On the Economy With Kathleen HaysSource: Bloomberg - All Podcasts | 19 Mar 2010 | 11:12 am NCAA brackets ranked by tuitionTess Vigeland talks with The Awl's Abe Sauer about his version of the NCAA brackets -- based on each school's tuition.Source: Marketplace Money | 19 Mar 2010 | 11:12 am How to get auctioned-off homes cheapPeter O'Dowd explains how some investors buy auctioned-off homes at record low prices.Source: Marketplace Money | 19 Mar 2010 | 11:12 am Ireland's new lost generationChristopher Werth reports on young Irish couples who splurged during the housing boom, only to face negative equity and a sluggish economy.Source: Marketplace Money | 19 Mar 2010 | 11:11 am Elements of investing, short and simpleBurton Malkiel, author of "The Elements of Investing," talks with Tess Vigeland about his new book and why shorter is better in investing advice.Source: Marketplace Money | 19 Mar 2010 | 11:11 am BioTime's Michael West: On the Economy With Kathleen HaysSource: Bloomberg - All Podcasts | 19 Mar 2010 | 11:11 am Getting PersonalTess Vigeland and personal finance expert Liz Pulliam Weston attempt to give a listener a money makeover.Source: Marketplace Money | 19 Mar 2010 | 11:11 am In California, bidding wars are backOne of the nuttier elements of the real estate boom has returned. Tess Vigeland explains.Source: Marketplace Money | 19 Mar 2010 | 11:11 am Letters from our listenersListeners react to Marketplace Money's recent coverage, especially David Sax's commentary about changing the way we tip.Source: Marketplace Money | 19 Mar 2010 | 11:11 am Latinos invest in immigration reformLatino groups across the nation have been holding fund-raising events to help people get to Washington, D.C., this weekend for the big immigration reform rally. Jeff Tyler reports.Source: Marketplace Money | 19 Mar 2010 | 11:11 am Can the jobs bill make a difference?Congress has passed the first in a series of bills intended to encourage companies to hire more workers. Marketplace's Jeremy Hobson and Tess Vigeland look at whether the legislation can put a dent in the 10% unemployment rate.Source: Marketplace Money | 19 Mar 2010 | 11:11 am FTSE 100 shares rise (AFP)
Source: Yahoo! News: Stock Markets News | 19 Mar 2010 | 11:09 am India raises key rate to help fight inflationIndia’s central bank announced a surprise 25-basis point increase in its key policy rates – the first rise in nearly two years – in a bid to head off inflation that is poised to cross into double digitsSource: Financial Times - US homepage | 19 Mar 2010 | 11:03 am RMT signal staff vote for strikesRailway signal workers have voted in favour of strikes in a row over jobs and safety, the RMT union has said.Source: BBC News | Business | World Edition | 19 Mar 2010 | 10:54 am British stocks get surprise Lloyds profit boost (AP)
Source: Yahoo! News: Stock Markets News | 19 Mar 2010 | 10:46 am New Hedge Fund Taking Page From Jesus’s PlayabookIt’s JC Day on Dealbreaker, so here’s a hedge fund, inspired by Christ. Charging 2 and 20, $500,000 minimum. Get in at the ground floor:
Divine New Atlanta Hedge Fund Launches [FINalternatives via BI]
Source: Dealbreaker | 19 Mar 2010 | 10:45 am Marta on Stocks, Barrow on Currencies: First WordSource: Bloomberg - All Podcasts | 19 Mar 2010 | 10:45 am BioHealth Business Daily (APPA, GENZ, GENT, MRK, OSIP, OXGN, SOMX, THRX, CLDX)We are seeing many key movers in the BioHealth space today as drug and biotech stocks often exhibit the most volatility of any sector. Today’s BioHealth Business Daily includes the key moves and news seen in AP Pharma Inc. (NASDAQ: APPA), Genzyme Corp. (NASDAQ: GENZ), Gentium S.p.A (NASDAQ: GENT), Merck & Co. Inc. (NYSE: MRK), [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Mar 2010 | 10:39 am Wait, What's The Difference Between 'Yuan' And 'Renminbi'?By Jacob Goldstein Everybody's talking about Chinese money. Usually they say "yuan." Sometimes they say "renminbi." What's the difference? Here's the short answer: Renminbi is the official name for the currency, and yuan is the main unit of currency. Here's the long answer, plus a bonus audio clip to teach you how to say "yuan" and "renminbi" in Mandarin: First, the audio clip. Thanks to Ying Wu, a professor of economics at Salisbury University in Maryland, for helping me understand the difference between yuan and renminbi -- and for teaching me to say the words in Mandarin, his native language. Here's how to say both words: Now, the explanation: 1. Imagine a country that decided to use silver as its official currency. You couldn't just say, "Dude, you owe me seven silver." You'd need some kind of units. Pounds, for example. As in, "Dude, you owe me seven pounds of silver." This something like what England did a long time ago -- it made sterling the currency, and pounds the main unit. Today, most people just say "pounds." Even though you can't go into a bank and trade a British pound for a pound of sterling silver, official documents (like this report from the Bank of England) still refer to the currency in abstract terms as "sterling." 2. For China, the currency is renbminbi. But, just like you can't say, "You owe me seven silver," you also can't say, "You owe me seven renminbi." The units are yuan, so you'd say, "You owe me seven yuan." At current exchange rates, one dollar gets you about seven yuan. When you're speaking abstractly -- not about some particular number of yuan -- it's correct to say renminbi. You argue over whether the renminbi is undervalued in the same way you can argue over whether silver is undervalued. "[T]he renminbi is very much undervalued," the head of the IMF said this week. "I do not think the renminbi is undervalued," the Chinese premier said a few days ago. Alex and David will have lots more in today's podcast on the fight over the value of the renminbi. We'll post the podcast on the blog later this afternoon. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 19 Mar 2010 | 10:09 am Finance companies: Opening the freezerWhen Geneva Finance asked its 3000 investors for a six-month freeze on their money in October 2007 it became the first finance company to ask investors to accept a moratorium.What followed was an avalanche of other finance companies,...Source: nzherald.co.nz - Business | 19 Mar 2010 | 10:00 am Receivers dismiss Strategic bossReceivers have let go $550,000-a-year Strategic Finance chief executive Kerry Finnigan and departed from Princes Wharf offices.John Fisk, a PricewaterhouseCoopers partner now in charge with Colin McCloy, said Finnigan no longer...Source: nzherald.co.nz - Business | 19 Mar 2010 | 10:00 am Telecom 'worst case scenario'Telecom is becoming "a worst-case scenario worldwide for the effect of government regulation on an incumbent telco", says an Australian analyst.Laurent Horrut of global bank and brokers J.P. Morgan queried this week when the regulatory...Source: nzherald.co.nz - Business | 19 Mar 2010 | 10:00 am Richlister's fortune threatened by $19m golf course lawsuitHe is supposed to be one of the country's richest men, but in a court battle with fellow directors and shareholders Bill Birnie has revealed he could be sunk by a $19 million lawsuit.Yesterday, Mr Birnie told the Herald : "I'm...Source: nzherald.co.nz - Business | 19 Mar 2010 | 10:00 am Brian Gaynor : Finance suffering from lack of policingThe demise of Strategic Finance demonstrates once again that investors have been badly let down by our securities laws, regulators, directors, management, the accounting profession and investment advisory industry.The failure...Source: nzherald.co.nz - Business | 19 Mar 2010 | 10:00 am Chinese New Year timing boosts visitor arrivalsThe number of short term overseas visitors arriving in this country rose 4 per cent in February from a year earlier, helped by the timing of the Chinese New Year.The 267,900 short term visitors in February was up 11,300 from a...Source: nzherald.co.nz - Business | 19 Mar 2010 | 10:00 am Estimates find tax relief for mostNumber-crunching by the New Zealand Institute of Economic Research suggests a package of income tax cuts and a GST increase could be constructed to leave most households at least slightly better off, without resulting in a significant...Source: nzherald.co.nz - Business | 19 Mar 2010 | 10:00 am Editorial : Receivership best option in hindsightRumblings arising from the wholesale collapse of finance companies continue unabated. This week, it was Capital + Merchant and Strategic Finance dominating the headlines. In the case of the former, which has been in receivership...Source: nzherald.co.nz - Business | 19 Mar 2010 | 10:00 am Diana Clement : How to be sure the bank will say yesLife goes on even if there is the ghost of a recession affecting mortgage lenders' confidence. People still need to buy homes and refinance.Yet some borrowers are getting a shock when they can't get a loan for their next home,...Source: nzherald.co.nz - Business | 19 Mar 2010 | 10:00 am Recession helps pricesSYDNEY: Energy Resources of Australia, the uranium producer controlled by Rio Tinto Group, said the global financial crisis created a slump in new mine development that may lead to improved prices for the nuclear fuel."The supply-demand...Source: nzherald.co.nz - Business | 19 Mar 2010 | 10:00 am Concept Capital’s Mathias: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 19 Mar 2010 | 9:54 am CMC’s Laidi: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 19 Mar 2010 | 9:50 am Larry Kantor: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 19 Mar 2010 | 9:48 am Palm Downgraded to `Sell' from `Hold' at Morgan Joseph: AudioSource: Bloomberg - All Podcasts | 19 Mar 2010 | 9:45 am Doctors use stem cells to rebuild boy’s windpipeSurgeons from the UK and Italy have for the first time enlisted a child’s own stem cells to grow a replacement organ inside his body; two years after conducting a similar procedure on an adult, they said it had much improved – making it potentially useful for a far wider range of transplantsSource: Financial Times - US homepage | 19 Mar 2010 | 9:42 am Fishing fearsDwindling catches pose threat to Senegal fishermenSource: BBC News | Business | World Edition | 19 Mar 2010 | 9:41 am Exchange-Traded Commodity Inflows in Europe: AudioSource: Bloomberg - All Podcasts | 19 Mar 2010 | 9:15 am Corrected: Dow gains on Boeing strength, S&P dips (Reuters)Reuters - The Dow industrials rose on Thursday on Boeing's strength, while the S&P 500 slipped after a round of economic data and corporate results.Source: Yahoo! News: Stock Markets News | 19 Mar 2010 | 9:09 am Stephen Roach Has An Idea For How We Should Deal With Certain Troublesome Economists
Source: Dealbreaker | 19 Mar 2010 | 8:45 am Google’s New TV InnovationGoogle TV sounds like a mere side project. Now, it’s an impending reality. Google has partnered with Sony and Intel to invade your living room television, reports The New York Times. The idea is to bring Web services like Twitter, YouTube, Google search and apps to the TV. Working together, the companies plan to roll [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Mar 2010 | 8:32 am What Sort Of Investment Advice Is The Pope Giving Out These Days?
So…I have no idea what he’s getting at. Is he saying that one should not invest in financials? Not invest in the stock market at all? That if you’ve got some extra seed (capital) lying around to inject it in a “community of persons,” like a Little League or all-boys JV soccer team whose locker room doesn’t skimp on the peepholes? I’m working on getting the full letter which might have a few more clues but in the meantime try and parse this amongst yourselves.
Source: Dealbreaker | 19 Mar 2010 | 8:15 am Waves and Waves of Secondary Pricings (CVGI, CPA, G, HIG, HRP, NLST, SB, TSL)This week week may have been a record for any recent period on how many secondary offerings came to market combined with how many specific filings were made to raise funds for public companies. And the filings became pricings as corporations decided to use the unusual market strength to bolster their books. In some cases [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Mar 2010 | 8:14 am Consortium wins big weather prizeA Franco-German consortium will enter into negotiations for a 1.3bn-euro contract to build Europe's next weather satellites.Source: BBC News | Business | World Edition | 19 Mar 2010 | 8:09 am Europe stocks rise as Lloyds predicts profit (AFP)
Source: Yahoo! News: Stock Markets News | 19 Mar 2010 | 8:05 am SEC Backed Looser Rules Separating Analysts, Investment BankersBy Jacob Goldstein The SEC sided with a bunch of investment banks that want to loosen conflict-of-interest rules put in place after the dot-com bubble popped, the WSJ reports. Here's the backstory. In the aftermath of the Internet mania, it became clear that some research analysts who worked at investment banks had publicly praised certain stocks while privately acknowledging that the stocks were dogs. They did this because investment banks make money partly by helping companies sell stocks and bonds to the public. So, the banks figured, it would be good for business if the research analysts said good things about the stocks of clients and potential clients. The SEC cracked down. A bunch of I-banks paid a $1.4 billion settlement and agreed to create a rigid separation between their analysts, who issued reports for public consumption, and their investment bankers, who worked with companies on IPOs and other financial issues. But when the banks recently asked a federal judge to loosen the rules limiting communication between a bank's investment bankers and analysts, the SEC sided with the banks. The judge rejected the request, which he said "would undermine the separation between research and investment banking." This morning's WSJ also notes that the rules from the settlement, which apply to a dozen investment banks, have not been applied industry-wide, creating a two-tiered system. The SEC says the settlement was not supposed to be applied industry-wide, and that other rules have been put in place to prevent inappropriate interactions between research analysts and investment bankers. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 19 Mar 2010 | 7:13 am Today’s Best Markte Rumors (3/19/2010)Updated throughout the day. Merrill Lynch warned the SEC and Fed that Lehman was booking capital aggressively (FT) Apax Partner may buy Polycom (PLCM) for as much as $3 billion (FT) Palm (PALM), just off poor earnings, may be a buyout target for Dell (DELL), Nokia (NOK), or Microsoft (MSFT)–the 1,000th time the rumor has been floated (Reuters). Yale plans to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Mar 2010 | 6:56 am Don't mention the cup - South Africa airline in trouble with FifaSouth Africa's budget airline pulls its tongue-in-cheek ad after a Fifa complaint that it infringes its trademark during the World Cup.Source: BBC News | Business | World Edition | 19 Mar 2010 | 6:54 am Rio Tinto signs China mine dealRio Tinto signs a big West African venture deal with China, days before four of its officials go on trial in Shanghai.Source: BBC News | Business | World Edition | 19 Mar 2010 | 6:52 am This Week’s Weird Jobs
1. Detroit: House-Sitter/Rehabber That could actually be a good setup if you have enough money for gas, food and utilities. 2. Colorado: Reality Show looking for Cowboys Do you have what it takes to be the next ‘Real American Cowboy’ T-Bone Films is looking for Cowboys for a new Reality Show. Requirements: Tell us why you think you are the next ‘Real American Cowboy’ Bonus if you’re exceptionally mean, good-looking, or have a major character flaw. Otherwise it wouldn’t be reality TV, right? There are 405 million mobile internet users worldwide, according to Internet research firm eMarketer, and within four years this number is expected to double. Our Mobile ads allow you to target this large and growing audience while they’re on the go. Mobile marketing is one of the freshest tools in the digital revolution! Growing with the times and with your clients, you will find new and exciting ways to reach audiences, create lasting relationships, expand campaigns, grow brands, and increase your clients ROI! Who is your customer? Call on any business in need of cost effective, GREEN advertising, to gain instant, additional customer market share. Get paid to harass unsuspecting cellphone users with SMS spam–and call that unsustainable use of brain space “green.” Argh. 4. CO: RESELLERS NEEDED FOR ENERGY GUM ENERGY GUM!!! I am looking for direct sales personnel for this exciting ground floor opportunity. ENERGY GUM provides as much energy as the popular energy drinks at a fraction of the cost, a fraction of the calories, and NO sugar crash. MUST be willing and able to get out, visit locations, and push the product. GREAT for college students to sell on campus!!! If you’re lazy, stoned, or permanently tired-looking, we can’t use you. 5. Las Vegas: Erotic heritage Museum annual BOOB shoot out BRING OUT YOUR BOOBS sign up, limited space BRING OUT YOUR BOOBS rarely works as a demand on Mardi Gras, but for a museum, why not, right?
Source: Business Pundit | 19 Mar 2010 | 6:50 am Lloyds predicts a profitable 2010Lloyds Banking Group says it expects to make a profit this year - having made heavy losses due to bad loans in 2009.Source: BBC News | Business | World Edition | 19 Mar 2010 | 6:37 am Top 10 Analyst Upgrades and Downgrades (BBY, CPSI, DTV, HAL, PALM, RIMM, SLB, SPLS, SYNA, WFT)These are ten of this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Best Buy Co. Inc. (NYSE: BBY) Raised to Buy at Goldman Sachs. Computer Programs & Systems Inc. (NASDAQ: CPSI) Raised to Hold at Auriga. DIRECTV (NYSE: DTV) Cut to Hold at Citigroup. Halliburton Company (NYSE: HAL) Started as Perform at Oppenheimer. Palm [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Mar 2010 | 6:31 am Presented By:Source: Dealbreaker | 19 Mar 2010 | 6:30 am Opening Bell: 03.19.10Alarm Was Raised On Lehman (FT) Norway CEOs, Analysts, Inmates Compete in ‘Dead Hard’ Ski Race (Bloomberg) Bank of America Taps Goldman Director for China Post (WSJ) Website’s instant posts of Wall Street research banned (Reuters) Is That A Jawbone In Your Ear? (CNBC) Fed officials warn against loss of bank oversight (Reuters) How bad is it? Check out the photo Reuters used to illustrate this story.
Source: Dealbreaker | 19 Mar 2010 | 6:30 am Speculation grows on Google’s future in ChinaAs the search engine prepares to unveil plans for its joint venture Chinese website, local employees and legal experts say it could continue operations there in some formSource: Financial Times - US homepage | 19 Mar 2010 | 6:30 am BA strike talks into second dayTalks between British Airways and the Unite union aimed at averting strike action are now in their second day.Source: BBC News | Business | World Edition | 19 Mar 2010 | 6:20 am The Twitter-24/7 Wall St. Daily Stock Watch 3.19Twitter has, by most estimates, 75 million visitors a month, which makes it one of the largest social networds in the world. All major media companies have a presence on Twitter and some are followed by over one million Twitter users. 24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Mar 2010 | 6:15 am The Easiest Way to Create a Window
Source: Business Pundit | 19 Mar 2010 | 5:49 am A Slow Boat From ChinaChina said it will send an envoy to Washington to discuss the friction between the two countries over the value of the yuan. It will not matter. Too many members of Congress, CEOs of major exporters, and union presidents who use China’s trade practices as a target for their plans to save millions of jobs [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Mar 2010 | 4:08 am
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