|
|
|
|
10 Things Auto Insurers Won't Tell You (10 Things)Hefty commissions, premium hikes and tiered pricing are just some.
Source: SmartMoney.com | 28 Mar 2010 | 10:00 pm BA's second strike gets under wayFlights are cancelled as a second BA cabin crew strike starts - but the airline expects less disruption compared to last weekend.Source: BBC News | Business | World Edition | 27 Mar 2010 | 3:57 am Greece deal helps lift euro off 10-month lowsGlobal Markets Overview: The euro found its footing and Asian stocks rallied on Friday after a Greece agreement, but the market found fresh worries in later tradingSource: Financial Times - US homepage | 27 Mar 2010 | 2:40 am US credit card hacker sentencedA US court sentences computer expert Albert Gonzalez to 20 years in prison for stealing credit card numbers.Source: BBC News | Business | World Edition | 27 Mar 2010 | 1:15 am Fourth-quarter GDP, corporate earnings soarConsumer confidence also rises as booming GDP nurtures hopes of employment gains.The fastest pace of economic growth in six years during the final three months of 2009 fueled a surge in corporate profits that may set the stage for job gains and a broadening of the U.S. recovery.
Source: L.A. Times - Business | 27 Mar 2010 | 1:00 am Tomato tycoon's bail set at $6 millionFrederick Scott Salyer is accused of using bribery and fraud to sell inferior produce.A federal judge set bail at $6 million on Friday for tomato scion Frederick Scott Salyer, the former SK Foods owner charged with multiple counts of racketeering, conspiracy and fraud.
Source: L.A. Times - Business | 27 Mar 2010 | 1:00 am Tan tax sends bronzed set into slow burnUV or not UV? A little-noticed provision in the new healthcare package adds a 10% levy to the cost of tanning sessions. ...Source: RSS feed - channel BNPaperBusiness | 27 Mar 2010 | 1:00 am California unemployment rate holds steady at 12.5%The economy may be leveling off, although job prospects in professional fields still appear bleak. California's...Source: RSS feed - channel BNPaperBusiness | 27 Mar 2010 | 1:00 am Medical costs weighed less on Californians in 2001-06 than on those in most other statesCalifornians with health insurance spent a smaller share of their incomes for medical care than insured people in most other states from 2001 to 2006, research has concluded.Source: RSS feed - channel BNPaperBusiness | 27 Mar 2010 | 1:00 am Cities clamor for Google's high-speed broadband experimentAbout 600 communities have applied to be the Internet giant's guinea pig. Google plans to pick one and build a super-fast fiber optic network there. ...Source: RSS feed - channel BNPaperBusiness | 27 Mar 2010 | 1:00 am Medical costs weighed less on Californians in 2001-06 than on those in most other statesCalifornians with health insurance spent a smaller share of their incomes for medical care than insured people in most other states from 2001 to 2006, research has concluded.
Source: L.A. Times - Business | 27 Mar 2010 | 1:00 am Tomato tycoon's bail set at $6 millionFrederick Scott Salyer is accused of using bribery and fraud to sell inferior produce. A federal judge set bail...Source: RSS feed - channel BNPaperBusiness | 27 Mar 2010 | 1:00 am California unemployment rate holds steady at 12.5%The economy may be leveling off, although job prospects in professional fields still appear bleak.California's unemployment rate in February held steady at 12.5% for a second straight month, indicating that the state's economy may be leveling off and could turn upward by late spring.
Source: L.A. Times - Business | 27 Mar 2010 | 1:00 am Streets of gold: L.A.'s most desirable addressesThe Westside corridor from Beverly Hills to Malibu boasts one of the world's great concentrations of premier residential estates.Call it A-List Los Angeles.
Source: L.A. Times - Business | 27 Mar 2010 | 1:00 am Tan tax sends bronzed set into slow burnUV or not UV? A little-noticed provision in the new healthcare package adds a 10% levy to the cost of tanning sessions.Eydie McNeill was fuming about the newly passed healthcare bill, but her rage had nothing to do with socialism, death panels or the deficit.
Source: L.A. Times - Business | 27 Mar 2010 | 1:00 am Waiting on the gains that matter: Jobs, not stock pricesWhen psychologists and academics study how people come to decisions about investing, they focus in part on the risks of "belief perseverance."
Source: L.A. Times - Business | 27 Mar 2010 | 1:00 am Big employers rethink their healthcare plansFirms that offer retiree drug benefits say the U.S. healthcare overhaul -- which eliminates a tax deduction -- could force them to curtail or cancel their benefit plans. ...Source: RSS feed - channel BNPaperBusiness | 27 Mar 2010 | 1:00 am Cities clamor for Google's high-speed broadband experimentAbout 600 communities have applied to be the Internet giant's guinea pig. Google plans to pick one and build a super-fast fiber optic network there.Google Inc.'s announcement last month that it would build a high-speed broadband network set off fierce competition among 600 communities, the Internet powerhouse said in a blog post Friday.
Source: L.A. Times - Business | 27 Mar 2010 | 1:00 am Streets of gold: L.A.'s most desirable addressesThe Westside corridor from Beverly Hills to Malibu boasts one of the world's great concentrations of premier residential estates. ...Source: RSS feed - channel BNPaperBusiness | 27 Mar 2010 | 1:00 am Waiting on the gains that matter: Jobs, not stock pricesWhen psychologists and academics study how people come to decisions about investing, they focus in part on the risks of "belief perseverance."Source: RSS feed - channel BNPaperBusiness | 27 Mar 2010 | 1:00 am New Government Plan to Prevent Homeowners' Loan Defaults (Time.com)Time.com - The government's new multifaceted plan to help troubled homeowners aims to reduce the amount owed on mortgages -- a big shift from the last plan. But can it stem the tide of foreclosures?Source: Yahoo! News: Business News | 26 Mar 2010 | 11:55 pm GM pulls heavy-duty vans due to faulty alternator (AP)AP - General Motors Co. is recalling about 5,000 heavy-duty Chevrolet Express and GMC Savana vans because of a faulty alternator.Source: Yahoo! News: Business News | 26 Mar 2010 | 10:26 pm Public Health Agencies Collaborate to Prevent Further Illnesses from Norovirus Outbreak Associated with Oysters Recently Harvested from Area Near Port Sulphur, La.Source: RSS feed - channel BNewsBusiness | 26 Mar 2010 | 9:13 pm Online photo processing pioneers, a decade laterDot-com era photo-procdessing pioneres have survived and prospered by adapting to changing consumer tastes.
Source: MarketWatch.com - Top Stories | 26 Mar 2010 | 9:06 pm Stocks to Watch: Stocks in focus for MondayAmong the companies whose shares are expected to see active trading Monday are Ford, Apollo Group and Cal-Maine Foods.
Source: MarketWatch.com - Top Stories | 26 Mar 2010 | 9:01 pm Outside the Box: From prison, Bernie Madoff channels Jack BogleOut of the mouths of crooks sometimes comes truth. And you can’t find a bigger crook than Bernie Madoff, writes Howard Gold.
Source: MarketWatch.com - Top Stories | 26 Mar 2010 | 9:01 pm Washington Mutual, Inc. Files Plan of Reorganization and Disclosure StatementSource: RSS feed - channel BNewsBusiness | 26 Mar 2010 | 8:28 pm Student loan company: Data on 3.3M people stolen (AP)AP - A company that guarantees federal student loans said Friday that personal data on about 3.3 million people nationwide has been stolen from its headquarters in Minnesota.Source: Yahoo! News: Business News | 26 Mar 2010 | 7:26 pm Central Pacific Financial Corp. Announces Resignation of Chief Financial OfficerSource: RSS feed - channel BNewsBusiness | 26 Mar 2010 | 7:00 pm 'Underwater' borrowers could get relief under Obama planSeeking to stem foreclosures, the administration unveils proposals aimed at cutting principal on loans in default and refinancing 'underwater' borrowers, who owe more than their homes are worth.The Obama administration unveiled new measures Friday aimed at getting lenders to reduce the principal balances on problem mortgages and to refinance "underwater" borrowers, who owe more than their homes are worth, into government-sponsored loans.
Source: L.A. Times - Business | 26 Mar 2010 | 6:42 pm Market Snapshot: U.S. stock market anticipates jobs in week aheadComing week likely to put cap on surprisingly strong first quarter.
Source: MarketWatch.com - Top Stories | 26 Mar 2010 | 6:42 pm 'Underwater' borrowers could get relief under Obama planSeeking to stem foreclosures, the administration unveils proposals aimed at cutting principal on loans in default and refinancing 'underwater' borrowers, who owe more than their homes are worth. ...Source: RSS feed - channel BNPaperBusiness | 26 Mar 2010 | 6:42 pm Defendant blames Toyota runaway acceleration for fatal 2008 crashUmni Suk Chung is charged with vehicular manslaughter. She said her Lexus RX 330 sped up -- even as she braked -- on the 10 Freeway in West Los Angeles.Los Angeles County prosecutors are taking a close look at the case of a woman who faces vehicular manslaughter charges for a 2008 freeway crash that she blames on sudden acceleration.
Source: L.A. Times - Business | 26 Mar 2010 | 6:40 pm Defendant blames Toyota runaway acceleration for fatal 2008 crashUmni Suk Chung is charged with vehicular manslaughter. She said her Lexus RX 330 sped up -- even as she braked -- on the 10 Freeway in West Los Angeles. ...Source: RSS feed - channel BNPaperBusiness | 26 Mar 2010 | 6:40 pm PowerDirect Unveils PowerShopper(TM), a New Weekend Marketing Medium Reaching Retailers' Best ShoppersSource: RSS feed - channel BNewsBusiness | 26 Mar 2010 | 6:39 pm Sabesp Announces Its 4Q09 and 2009 ResultsSource: RSS feed - channel BNewsBusiness | 26 Mar 2010 | 6:04 pm The Times and The Sunday Times to charge for use of websites from JuneThe Times and The Sunday Times will start charging for online content from June, it was announced yesterday. Source: Latest Business News from Times Online | 26 Mar 2010 | 6:01 pm US economy grows at fastest rate in six yearsAmerica’s economy has grown at its fastest pace in the past six years. The US recorded growth of 5.6 per cent in the fourth quarter, down from a previous estimate of 5.9 per cent. Source: Latest Business News from Times Online | 26 Mar 2010 | 6:01 pm CBI chief Richard Lambert: Mandelson's loan veto plans are ‘dotty’Richard Lambert, Director-General of the CBI, yesterday attacked Lord Mandelson’s plans to set up a panel to overrule bank lending decisions for small businesses, calling it “unworkable” and “dotty”. Source: Latest Business News from Times Online | 26 Mar 2010 | 6:01 pm Hedge fund trader Julian Rifat uses Leeson’s lawyer to protest innocenceJulian Rifat, the star trader at Moore Capital who was one of seven men arrested and questioned as part of an insider trading investigation on Tuesday, has vowed to prove his innocence. Source: Latest Business News from Times Online | 26 Mar 2010 | 6:01 pm Clothes can pick up slack for HMV as CDs go out of fashionHMV is moving into fashion in its latest gambit to reduce its reliance on flagging CD and DVD sales. Source: Latest Business News from Times Online | 26 Mar 2010 | 6:01 pm Cheap flights from Heathrow are not a God-given rightIt’s time to give up on expanding Heathrow, the world’s least-loved airport. The High Court ruling yesterday that there had been insufficient consultation on the third runway was the second kick in the teeth for the airport in the past couple of weeks. Source: Latest Business News from Times Online | 26 Mar 2010 | 6:01 pm Lloyds chief Eric Daniels stands to earn £6.2m in improved packageEric Daniels, the chief executive of Lloyds Banking Group, could collect salary and bonuses worth £6.2 million this year after the state-supported bank improved its long-term incentive scheme. Source: Latest Business News from Times Online | 26 Mar 2010 | 6:01 pm Simon Cowell decides new chief Ellis Watson has X Factor for AmericaThe X Factor judge Simon Cowell has signed Ellis Watson, the former Trinity Mirror managing director, to lead his television and music business. Source: Latest Business News from Times Online | 26 Mar 2010 | 6:01 pm Tempus: More than one way to crack BrazilWith the offer for Anthony Bolton’s Fidelity China fund only a week away from closing, it’s easy to forget that there are other high-growth emerging markets which private investors can play. Take Brazil, whose stock market has produced a consistent record of outperformance — returning 19.9 per cent a year in sterling terms over the past decade, against 10.1 per cent for emerging markets as a whole, and just 0.2 per cent for the MSCI World index, the most closely-tracked benchmark for global equities. Source: Latest Business News from Times Online | 26 Mar 2010 | 6:01 pm Rising taxes push London’s house prices to ‘tipping point’The market for luxury homes in London is at a “tipping point”, according to one of the capital’s high-end estate agents. Source: Latest Business News from Times Online | 26 Mar 2010 | 6:01 pm Economic growth revised slightly lower in Q4WASHINGTON (Reuters) - The U.S. economy grew at a slightly less brisk pace in the fourth quarter than previously estimated and the momentum is expected to slow this year as a boost from inventories fades.
Source: Reuters: Business News | 26 Mar 2010 | 5:44 pm AT&T will take $1B non-cash charge for health care (AP)
Source: Yahoo! News: Business News | 26 Mar 2010 | 5:43 pm Fed officials leery of unconventional policiesWASHINGTON (Reuters) - The Federal Reserve's unprecedented dose of stimulus to the economy during the recent financial crisis complicates the task of pulling back when the time is right, top central bank officials said on Friday.
Source: Reuters: Business News | 26 Mar 2010 | 5:42 pm Regulators shut 2 Ga. banks, 1 in Fla., 1 in Ariz.Regulators have shut down two Georgia banks and one each in Florida and Arizona, bringing to 41 the number of bank failures in the U.S. so far this year. The Federal Deposit Insurance...Source: RSS feed - channel BNewsBusiness | 26 Mar 2010 | 5:35 pm Consumer sentiment steady in MarchNEW YORK (Reuters) - Consumer sentiment ended unchanged in March from February, a survey released on Friday showed, while the reading slightly beat expectations.
Source: Reuters: Business News | 26 Mar 2010 | 5:35 pm EU trade chief for 'negotiated settlement' in Boeing-Airbus rowEU Trade Commissioner Karel De Kucht called on Friday for a "negotiated settlement" in a long-running dispute over state subsidies to Boeing and Airbus. "I'm of the opinion that the onlySource: RSS feed - channel BNewsBusiness | 26 Mar 2010 | 5:30 pm US Democrats challenge claims of reforms costDemocratic lawmakers challenged assertions by some large US companies that their earnings would be hit by the healthcare reform signed into law this weekSource: Financial Times - US homepage | 26 Mar 2010 | 5:27 pm Time Warner CEO pay falls 9 pct. to $19.4M in 2009Time Warner CEO Jeffrey Bewkes received compensation valued at $19.4 million in 2009, down 9 percent from the year before, according to an Associated Press analysis of a regulatory filing.Source: RSS feed - channel BNewsBusiness | 26 Mar 2010 | 5:21 pm Facebook privacy policy shift fires criticsFacebook announced another round of changes to its privacy policy, including amendments that could allow the site to share user information automatically with third-party websitesSource: Financial Times - US homepage | 26 Mar 2010 | 5:17 pm US and Russia in nuclear weapons dealRussia and the United States agreed to slash nuclear arsenals in what US President Barack Obama called the most comprehensive arms control agreement in nearly two decadesSource: Financial Times - US homepage | 26 Mar 2010 | 5:14 pm Taxing Times: Health reform brings tax-law changesThe health-reform overhaul means millions of uninsured Americans finally will have health-care coverage, but there will of course be some major changes for all of us to live through. And quite a few of those changes will arrive on our tax forms.
Source: MarketWatch.com - Top Stories | 26 Mar 2010 | 5:13 pm Big-time hacker from Miami sentenced in 3rd caseFor the second time in as many days, a computer hacker accused of one of the largest-ever thefts of credit and debit card numbers stood before a federal judge and apologized for his...Source: RSS feed - channel BNewsBusiness | 26 Mar 2010 | 5:06 pm Big-time hacker from Miami sentenced in 3rd case (AP)AP - For the second time in as many days, a computer hacker accused of one of the largest-ever thefts of credit and debit card numbers stood before a federal judge and apologized for his actions.Source: Yahoo! News: Business News | 26 Mar 2010 | 5:06 pm Canary Wharf flying out of recessionCanary Wharf is emerging from the global recession in a stronger position than ever. That was the message from Songbird, the business district's majority owner, on Friday.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Mar 2010 | 5:03 pm UK hedge funds gain from bets on sterlingSome of the biggest funds made hundreds of millions of pounds by betting on a decline in the value of the currency this year in trades that suggest rising expectations of further fallsSource: Financial Times - US homepage | 26 Mar 2010 | 5:00 pm Top Ten: MarketWatch's top stories, March 22 - 26Here are the top 10 stories on MarketWatch for the week.
Source: MarketWatch.com - Top Stories | 26 Mar 2010 | 4:58 pm UH study predicts slow economic recovery for stateA University of Hawaii study released Friday found signs of economic recovery for the state but also determined that the pace will be slow. In its latest quarterly report on Hawaii's...Source: RSS feed - channel BNewsBusiness | 26 Mar 2010 | 4:53 pm Budget 2010: Darling's proposals get thumbs down from business leadersThe business community has issued a damning verdict on the Budget, with 45pc of those polled in a survey concluding it would damage the economy, compared with 16pc who said the impact would be positive.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Mar 2010 | 4:40 pm Health care reform: VAT or sinkhole?In President Obama's 2011 budget, a kind of fiscal "cigarette warning" appears in a box on page 146 under a table displaying a future of big deficits and mounting debt. The Administration, the warning declares, is creating a "Fiscal Commission" to "achieve sustainability over the long-run."Source: Business and financial news - CNNMoney.com | 26 Mar 2010 | 4:40 pm Euro strengthens on Greece dealThe euro strengthens against the dollar and the pound after eurozone leaders agree a financial aid package for Greece.Source: BBC News | Business | World Edition | 26 Mar 2010 | 4:38 pm MGM creditors to discuss standalone planNEW YORK (Reuters) - Metro-Goldwyn-Mayer's steering committee will meet with creditors to present a stand-alone plan for the famed studio next week, sources familiar with the matter said.
Source: Reuters: Business News | 26 Mar 2010 | 4:32 pm Stocks up for the weekStocks closed mixed Friday, at the end of another up week, as investors considered the Greek bailout package, reports of a naval conflict between North and South Korea and a weaker U.S. dollar.Source: Business and financial news - CNNMoney.com | 26 Mar 2010 | 4:31 pm Carter Ruck duo in hostile territoryLet's start with the Index on Censorship Free Expression Awards. Thursday night's event honoured "the courage and efforts of people all over the world who campaign for freedom of expression even in the most hostile environments".Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Mar 2010 | 4:30 pm Take two: Gov't tries new fix for mortgage crisis (AP)
Source: Yahoo! News: Business News | 26 Mar 2010 | 4:27 pm Fed Policy, Bank Earnings, Stocks & Bonds: Taking StockSource: Bloomberg - All Podcasts | 26 Mar 2010 | 4:21 pm BSkyB takeover talk fuelled by link to FSA inquiryBritish Sky Broadcasting was in focus as the blue-chip index broke its three-day winning streak.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Mar 2010 | 4:17 pm Quincy Krosby Sees Technology Stocks Rising: AudioSource: Bloomberg - All Podcasts | 26 Mar 2010 | 4:17 pm 3M sees 1Q charge of $85M-$90M for health reform (AP)AP - 3M Co., which makes a myriad of products including Post-Its and Scotch Tape, said Friday it expects to take a one-time noncash charge of $85 million to $90 million due to changes in tax deductions relating to the newly enacted health care law.Source: Yahoo! News: Business News | 26 Mar 2010 | 4:13 pm Rupert Murdoch to charge for access to Times and Sunday Times onlineRupert Murdoch has decided to block the 20m online readers of The Times from accessing the paper free of charge on the internet.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Mar 2010 | 4:13 pm AT&T sees $1 billion healthcare related chargeNEW YORK (Reuters) - AT&T Inc said on Friday it would record a $1 billion non-cash charge for the current quarter related to the new U.S. health care reform law, as lawmakers called on the company and three other large employers to testify about expected cost hikes.
Source: Reuters: Business News | 26 Mar 2010 | 4:05 pm Gulf sheikh Ahmed bin Zayed al-Nahyan missing after plane crashSheikh Ahmed who ran the world's biggest sovereign wealth fund and whose older brother is the ruler of Abu Dhabi was last night reported missing in a plane crash.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Mar 2010 | 4:03 pm Stocks give up early gains for 2nd straight day (AP)
Source: Yahoo! News: Business News | 26 Mar 2010 | 4:03 pm Stocks give up early gains for 2nd straight day (AP)
Source: Yahoo! News: Stock Markets News | 26 Mar 2010 | 4:03 pm Iceland's premier pressing IMF on bailout review (AP)AP - Iceland's prime minister said Friday she was pressing the International Monetary Fund to hasten a review to determine the next batch of bailout funding for the nation's struggling economy.Source: Yahoo! News: Business News | 26 Mar 2010 | 4:02 pm Where the money wentMark Bryers. Born the son of an All Black, 1957. Bachelor of law, 1980. Failed property developer, 2001. Blue Chip hero 2005. Blue Chip villain 2008. Bankrupt 2009. Declared assets: clothes, furniture, golf clubs.Home is a 14th-floor...Source: nzherald.co.nz - Business | 26 Mar 2010 | 4:00 pm Apple gets iPad trademark - in nick of timeSource: Business and financial news - CNNMoney.com | 26 Mar 2010 | 3:57 pm ITV pension deal to cut deficit by £124mITV, the broadcaster behind X-Factor and Coronation Street, has agreed a complex deal with its pension trustees to reduce the deficit of its final-salary scheme by £124m.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Mar 2010 | 3:53 pm Latin American Markets: Chilean stocks fall after earthquakeChile's equities, currency falls Friday after earthquake hits copper region.
Source: MarketWatch.com - Top Stories | 26 Mar 2010 | 3:53 pm Bankers named suspected conspirators in muni caseNEW YORK (Reuters) - Nearly 30 bankers from more than a dozen financial companies have been named by the federal government as suspected co-conspirators in a broad investigation into pricing of certain municipal derivatives, according to court documents.
Source: Reuters: Business News | 26 Mar 2010 | 3:52 pm BG Group project in £475m 'criminal' probeKazakhstan has launched a criminal investigation into $700m (£475m) of alleged "illegal earnings" by BG Group and its three partners operating a prize oil and gas field in the country.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Mar 2010 | 3:49 pm HMV moves into fashion retailingHMV, the music and entertainment chain, is to move into fashion retailing with the opening of large clothing areas in its stores.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Mar 2010 | 3:46 pm Songbird in rent dispute with Lehman Brothers administratorThe majority owner of Canary Wharf is heading for a row with the administrator of Lehman Brothers in Europe over payments for the failed bank's London headquarters.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Mar 2010 | 3:37 pm Personal Finance Daily: Don't get excited about mortgage-modification planIf you’re unemployed for a long time, as so many are these days, a mortgage modification is not going to help for long..
Source: MarketWatch.com - Top Stories | 26 Mar 2010 | 3:34 pm Write-Offs: 03.26.10$$$ John Mack’s Short Story Was Too Dumb To Fail [Bloomberg] $$$ Oliver Stone Corrects Michael Lewis’s Conspiracy Theories on Why the Wall Street Sequel Was Bumped [NYM] $$$ Nomura Taps Ex-Lehman Bankers as EMEA Equities Co-Heads [WSJ] $$$ Plainfield: Movers, yes; shakers, not so much [Fortune] 
Source: Dealbreaker | 26 Mar 2010 | 3:32 pm Podcast: After The Flood
The FDIC swoops in and closes a failing bank. Then what? Last year, Chana Joffe-Walt told the story of a bank failure. In today's podcast, she follow up with the main players. The FDIC guy who closed the bank down gets choked up when he thinks back on it. And Todd Zalk -- who was so connected to his job that he wore his bank name tag months after the bank closed -- describes how it felt when a former colleague pleaded guilty to hiding bad loans. (Zalk is pictured above, by the way.) Also on today's show: Our toxic asset gets a name. Download the podcast, or subscribe. Music: Rogue Wave's "Good Morning (The Future)." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 26 Mar 2010 | 3:31 pm What the hell happened in Florida?What the hell happened to the FHA's loans in Florida?Source: Business and financial news - CNNMoney.com | 26 Mar 2010 | 3:31 pm Allawi coalition has narrow win in Iraqi pollA secular coalition led by Iyad Allawi narrowly won the most seats in this month’s Iraq parliamentary elections, according to results released on Friday night that set the stage for the potential rare ouster of an Arab prime minister at the pollsSource: Financial Times - US homepage | 26 Mar 2010 | 3:29 pm Stocks again give up a sizeable gain, close mixed (AP)AP - AN ADVANCE SHRINKS — AGAIN: Stocks were mixed for the second day in a row after giving up a sizeable early advance. Investors are doubtful, given the state of the world economy, that the market will be able to sustain its rally.Source: Yahoo! News: Stock Markets News | 26 Mar 2010 | 3:29 pm The Weekly Dividend: Dividend Hikes and Stock Buybacks (EAT, RTN, SBUX, COP, NLY, CSCO, AAPL, WEN, NABI, RHT)This week was another big week in the world of dividends and the quest to hike and initiate payments to shareholders. Brinker International, Inc. (NYSE: EAT), Raytheon Co. (NYSE: RTN), and ConocoPhillips (NYSE: COP) were all among the larger companies hiking the dividend payouts this week. We also got a dividend initiation from Starbucks Corp. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Mar 2010 | 3:28 pm Our Toxic Asset Gets A NameThe votes are in, and our toxic asset has a name. Welcome, Toxie, to the Planet Money family. Here's the final tally:
» E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 26 Mar 2010 | 3:28 pm MarketWatch First Take: Chrysler: Not dead yetChrysler might have lost its ticker, but it's still hanging in there.
Source: MarketWatch.com - Top Stories | 26 Mar 2010 | 3:28 pm Canadian Markets: Bank, telecom stocks drag on Toronto indexMaterials and mining stocks rebound from the previous session’s decline, but health-care and telecom issues drag on Toronto’s benchmark equities index to close out the trading week.
Source: MarketWatch.com - Top Stories | 26 Mar 2010 | 3:24 pm TSX ends flat as Korea news spooks investors (Reuters)Reuters - The TSX ended little changed on Friday as the sinking of a South Korea naval vessel stoked worries about geopolitical tensions in Asia, offsetting growing confidence over a deal for debt-ridden Greece.Source: Yahoo! News: Stock Markets News | 26 Mar 2010 | 3:10 pm How the major stock indexes fared on Friday (AP)AP - Stocks closed mixed for a second day after investors grew pessimistic about the market's ability to keep its rally going. The Dow Jones industrial average rose 9 points Friday. It had been up as much as 68 after European leaders announced a plan to help Greece with its debts. A similar advance and retreat occurred Thursday. Analysts see that pattern as a sign of an overheated market. The Dow has climbed 16 of the last 21 days.Source: Yahoo! News: Stock Markets News | 26 Mar 2010 | 2:59 pm Drivers catch a break as gas prices hold steady (AP)
Source: Yahoo! News: Business News | 26 Mar 2010 | 2:39 pm BioHealth Business Daily (ABIO, GENZ, SOMX, CRXX, VVUS, INO)Today was a crazy day for the markets, and as you’d expect there were many movers in the drug and biotech sectors. Today’s edition of the BioHealth Business Daily covers ARCA biopharma, Inc. (NASDAQ: ABIO), Genzyme Corporation (NASDAQ: GENZ), Somaxon Pharmaceuticals, Inc. (NASDAQ: SOMX), CombinatoRx, Incorporated (NASDAQ: CRXX), Vivus Inc. (NASDAQ: VVUS), and Inovio Biomedical [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Mar 2010 | 2:31 pm Health reform impact: Your benefitsUnder the new health care legislation, experts say the first changes Americans with employer-based insurance will see is in their benefits.Source: Business and financial news - CNNMoney.com | 26 Mar 2010 | 2:30 pm Wall Street flat on Korea nerves, Oracle hurts NasdaqNEW YORK (Reuters) - The Dow and S&P ended flat on Friday, giving back earlier gains after the sinking of a South Korean naval ship, while tech shares' weakness kept the Nasdaq in slightly negative territory.
Source: Reuters: Business News | 26 Mar 2010 | 2:22 pm Wall Street flat on Korea nerves, Oracle hurts Nasdaq (Reuters)
Source: Yahoo! News: Stock Markets News | 26 Mar 2010 | 2:22 pm City trader denies insider dealsA hedge fund trader arrested this week as part of an FSA probe into insider dealing pledges to clear his name.Source: BBC News | Business | World Edition | 26 Mar 2010 | 2:14 pm AT&T takes $1 billion health care reform chargeAT&T said Friday it will take a non-cash charge of about $1 billion for the current quarter in anticipation of costs resulting from the health care reform measure signed into law this week by President Obama.Source: Business and financial news - CNNMoney.com | 26 Mar 2010 | 2:02 pm ARCA: May All Your BioPharma Dreams Come TrueBiopharmaceutical stock are the new age dot-coms, the public companies that took little internet firms with no revenue so high that the NASDAQ moved above 5,000 in early 2000. Most biopharma companies are cheap one-trick ponies that get a modest patent or decent Stage I trail results, a sort of auction with the FDA that usually [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Mar 2010 | 1:50 pm Talks due over rail strike threatTalks between both sides in the threatened national railway strike will begin on Monday, the conciliation service Acas says.Source: BBC News | Business | World Edition | 26 Mar 2010 | 1:38 pm Greek bond issue will test rescue packageAthens is poised to launch a multi-billion-euro bond issue next week in a vital test of confidence in the deal agreed by eurozone leaders for the crisis-hit GreeksSource: Financial Times - US homepage | 26 Mar 2010 | 1:38 pm Thousands to lose jobless benefits April 5Extended jobless benefits will run out for about 212,000 Americans out of work after April 5 because the Senate closed up shop Friday afternoon without a deal to extend filing deadlines.Source: Business and financial news - CNNMoney.com | 26 Mar 2010 | 1:24 pm US economic growth revised downUS economic growth was revised down to an annualised rate of 5.6% for the fourth quarter of 2009.Source: BBC News | Business | World Edition | 26 Mar 2010 | 1:18 pm Supply fears start to hit TreasuriesPoorly received US bond auctions prompt worries about demandSource: Financial Times - US homepage | 26 Mar 2010 | 1:18 pm Shia LaBeouf Pawn In John Thomas Financial’s Attempt To Pump InterOil Stock? Method actors at the boy's department's jackets that love them. Yesterday we mentioned that thespian, Level III CFA candidate and noted stock picker Shia LaBeouf had been talking up InterOil, an oil and natural gas exploration company. “IOC’s momentum is major, and it will surprise to the upside,” LaBeouf said in a text message to the GQ article’s author, Adam Sachs, who wrote about ShiLa’s new hobby (making it rain all from the comfort of his boxers) for the magazine’s April issue. But where did the master trader get the idea? Sure he meets with Goldman Sachs execs on the reg and is thisclose to becoming a CFA but is he really that good? I’d like to give him the benefit of the doubt (he’s going to be running one of the most powerful hedge funds in the world one day so trying to stay on his good side and all that) but others are thinking the budding BSD had some help from his friends at John Thomas Financial (the people who brought you the pride rally and breasts as napkins).
Update: John Thomas Financial’s CEO thinks the very idea of this is uproarious:
|
