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Daimler confirms Renault-Nissan joint ventureThe global motor industry consolidated further today as the Mercedes Benz group Daimler joined the Renault-Nissan alliance. Source: Latest Business News from Times Online | 7 Apr 2010 | 4:24 am UK economy 'outpacing its rivals'The UK economy is forecast to outstrip its G7 rivals in the second quarter of this year, says the OECD.Source: BBC News | Business | World Edition | 7 Apr 2010 | 4:17 am Daimler, Nissan, Renault agree small car tie-upGerman car maker Daimler AG announced Wednesday a partnership with France’s Renault SA and Nissan Motor Co. of Japan involving a swap of equity stakes and cooperation on developing small cars.
Source: MarketWatch.com - Top Stories | 7 Apr 2010 | 4:12 am Verizon Claims US Cellular Service Is World’s BestVerizon (VZ) CEO Ivan Seidenberg must never have used an Apple (AAPL) iPhone which runs on the AT&T (T) Wireless network. The Ma Bell cellular service is notorious for dropped calls and slow 3G service. Seidenberg told the Council of Foreign Relations that America’s cellular service quality is better than any in Asia or Europe. Seidenberg also attacked [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Apr 2010 | 4:11 am Reported China bond move part of 'exit strategy'China's central bank may reportedly resume sales of three-year bonds this week, its first such sales since June 2008, in a move that could signal tighter monetary policy.
Source: MarketWatch.com - Top Stories | 7 Apr 2010 | 4:11 am Indications: U.S. futures drift before Bernanke speech, auctionU.S. stock futures drift lower Wednesday ahead of a speech on economic challenges from Federal Reserve Ben Bernanke, as Treasury Secretary Timothy Geithner heads to Beijing to possibly address one of those challenges: the weak Chinese yuan.
Source: MarketWatch.com - Top Stories | 7 Apr 2010 | 4:07 am Stocks set for weak startU.S. stocks were poised to fall at Wednesday's start, as investors remained cautious amid the recent stock run and awaited financial results from General Motors.Source: Business and financial news - CNNMoney.com | 7 Apr 2010 | 4:05 am Economic Report: Britain's services-sector growth slows in MarchThe pace of growth in Britain’s services sector slows more than expected in March, according to the CIPS/Markit purchasing managers index released Wednesday.
Source: MarketWatch.com - Top Stories | 7 Apr 2010 | 4:05 am Wi-fi issues vex Apple iPad usersSome owners of the newly-available iPad experience difficulties in connecting their devices to wi-fi, among other reported glitches.Source: BBC News | Business | World Edition | 7 Apr 2010 | 4:02 am SeaFrance ferry staff end strikeA strike by French ferry workers which disrupted cross-Channel services from Dover ends after five days.Source: BBC News | Business | World Edition | 7 Apr 2010 | 4:01 am Super-fast broadband tax scrappedThe government sacrifices its £6-a-year tax on landlines in order to push the rest of the Finance Bill through Parliament before it is dissolved.Source: BBC News | Business | World Edition | 7 Apr 2010 | 3:59 am Eurozone growth lowered to zeroThe eurozone's economy failed to show any growth at all in the last three months of 2009, revised figures show.Source: BBC News | Business | World Edition | 7 Apr 2010 | 3:59 am Rescuers try to enable search at Massey mineRescuers are trying to ventilate poisonous gas from a West Virginia coal mine to enable a search for four miners who are missing after an explosion killed 25 of their co-workers.
Source: MarketWatch.com - Top Stories | 7 Apr 2010 | 3:59 am Asian shares rise; resource shares lift Hong KongAsian markets finished mainly higher Wednesday, with resource shares among the bigger advancers in Hong Kong and strength in financials lifting stocks in Japan.
Source: MarketWatch.com - Top Stories | 7 Apr 2010 | 3:57 am Geithner: A Last-Minute Trip To ChinaTreasury chief Tim Geithner made an unannounced trip to China today to meet with the Chinese Vice Premier, Wang Qishan, the official most involved with monetary policy. This may lead to speculation that the People’s Republic will re-value the yuan will come sooner than expected. Both the Chinese government and the US administration are under tremendous pressure [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Apr 2010 | 3:54 am Car giants agree three-way tie-upNissan and Renault are to take a 3.1% stake in Daimler as part of a global tie-up of the three carmakers.Source: BBC News | Business | World Edition | 7 Apr 2010 | 3:50 am Sterling tumbles on decline in UK servicesSterling fell against the dollar today after new figures revealed Britain's dominant services sector expanded at a slower-than-expected pace in March after reaching a three-year high in February. Source: Latest Business News from Times Online | 7 Apr 2010 | 3:50 am Geithner to meet China vice premier in BeijingU.S. Treasury Secretary Timothy Geithner will meet with a Chinese vice premier in Beijing on Thursday, news reports said, amid mounting speculation China will soon alter the controversial peg between its yuan currency and the U.S. dollar.
Source: MarketWatch.com - Top Stories | 7 Apr 2010 | 3:41 am Massey stock sinks 11% after mine explosionShares of Massey Energy plunged over 10% Tuesday, one day after an explosion at one of the company's coal mines in West Virginia killed at least 25 workers and left 4 missing.Source: Business and financial news - CNNMoney.com | 7 Apr 2010 | 3:38 am Stocks climb as traders bet against rate risesGlobal Markets Overview: Investors marks stock higher as Fed’s dovish stance helps counteract sovereign debt fearsSource: Financial Times - US homepage | 7 Apr 2010 | 3:34 am California Pensions Could Be Short A Third Of A Trillion DollarsIn an age in which government spending is measured in hundreds of billions of dollars, the potential shortfall in California pension plans is shocking. A new study from the Stanford Public Policy Program estimates that three state funds could be short of their obligation by $350 billion. It concludes that “the state would need to invest more [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Apr 2010 | 3:28 am Stock futures dip; Greek worries return(Reuters) - U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.3 percent, Dow Jones down 0.2 percent and Nasdaq 100 down 0.2 percent at 5:15 a.m. EDT.
Source: Reuters: Business News | 7 Apr 2010 | 3:25 am Stock futures dip; Greek worries return (Reuters)
Source: Yahoo! News: Stock Markets News | 7 Apr 2010 | 3:25 am Renault, Nissan, Daimler in small car, engine dealBRUSSELS/TOKYO (Reuters) - Carmakers Renault , Nissan Motor Co Ltd and Daimler said they would swap stakes and jointly develop cars in a tie up to gain scale and share costs.
Source: Reuters: Business News | 7 Apr 2010 | 3:16 am Car giants eye profits in new tie-up (AFP)
Source: Yahoo! News: Business News | 7 Apr 2010 | 3:13 am Currencies: Dollar gains vs. major rivals in Asian tradingThe dollar continues to gain against its major rivals in Asian trading as momentum from the previous session and buoyant stock markets provide a lift to the currency.
Source: MarketWatch.com - Top Stories | 7 Apr 2010 | 3:12 am IMF experts arrive as Greece debt sprirals (AFP)
Source: Yahoo! News: Business News | 7 Apr 2010 | 3:05 am Cider tax increase to be scrappedThe government drops plans for a 10% tax rise on cider following fierce opposition to the measure.Source: BBC News | Business | World Edition | 7 Apr 2010 | 3:01 am Geithner heads to Beijing for talksDecision by the US Treasury secretary to travel to China indicates that Washington and Beijing are moving closer to a resolution of their dispute over the value of the Chinese currencySource: Financial Times - US homepage | 7 Apr 2010 | 3:00 am A bailout of the bailout of Detroit?GM and Chrysler are short about $17 billion in contributions to the pension plans of their workers, or so says the a report from the United States General Accountability Office on the progress of the TARP. The document is called “Automaker Pension Funding and Multiple Federal Roles Pose Challenges for the Future.” The report has three [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Apr 2010 | 2:54 am Goldman Sachs defends risk strategy amid crisisGoldman Sachs has issued a defence of its actions during 2009, insisting that it did not "bet against" its clients and that the trading decisions made prior to the financial crisis were robust. Source: Latest Business News from Times Online | 7 Apr 2010 | 2:51 am Goldman Sachs defends risk strategy amid crisisGoldman Sachs has issued a defence of its actions during 2009, insisting that it did not "bet against" its clients and that the trading decisions made prior to the financial crisis were robust. Source: Latest Business News from Times Online | 7 Apr 2010 | 2:51 am London Markets: Land Securities, Hammerson buck mildly lower FTSEReal-estate developers gain in the top U.K. index on Wednesday, following broker upgrades.
Source: MarketWatch.com - Top Stories | 7 Apr 2010 | 2:51 am Why Congress is ComcasticSource: Business and financial news - CNNMoney.com | 7 Apr 2010 | 2:50 am IMF, Greek officials to meet amid market worries (AP)
Source: Yahoo! News: Business News | 7 Apr 2010 | 2:43 am How to make it on your own: Be flexibleEvery evening at 6:30, as she commuted home from New York City to Westchester County, Candida Canfield received the same call from her son: "What's for dinner?"Source: Business and financial news - CNNMoney.com | 7 Apr 2010 | 2:42 am Goldman says did not "bet against" clients (Reuters)
Source: Yahoo! News: Business News | 7 Apr 2010 | 2:39 am Goldman says did not "bet against" clients(Reuters) - Goldman Sachs Group Inc said it did not intentionally "bet against" securities in the mortgage market during the financial crisis, dismissing suggestions that it unfairly made money by placing bets against its clients.
Source: Reuters: Business News | 7 Apr 2010 | 2:39 am Asian shares higher amid strong economic growth (AP)
Source: Yahoo! News: Stock Markets News | 7 Apr 2010 | 2:36 am Asian shares higher amid strong economic growth (AP)
Source: Yahoo! News: Business News | 7 Apr 2010 | 2:36 am Save money now! 3 great dealsThese deals on travel, household appliances and even golf club memberships can help you save money now.Source: Business and financial news - CNNMoney.com | 7 Apr 2010 | 2:28 am Solve your toughest retirement puzzleAsk someone why he or she bought a long-term-care insurance policy and you will probably hear a story about family. Often a sad or scary story.Source: Business and financial news - CNNMoney.com | 7 Apr 2010 | 2:24 am 10 big real estate bustsThe GM building to Stuyvesant Town: A glimpse at some of the high-profile victims claimed by the crisis in commercial real estate.Source: Business and financial news - CNNMoney.com | 7 Apr 2010 | 2:23 am CA to cut 1,000 jobsCA Inc., formerly Computer Associates, said in a regulatory filing that it will cut 1,000 jobs, or 7.5% of its workforce.Source: Business and financial news - CNNMoney.com | 7 Apr 2010 | 2:17 am Spirit Airlines to charge $45 for carry-onsSpirit Airlines will soon be the first of the major U.S. airlines to charge passengers to carry on their luggage.Source: Business and financial news - CNNMoney.com | 7 Apr 2010 | 2:16 am Oil hovers below $87 after mixed US supply report (AP)
Source: Yahoo! News: Business News | 7 Apr 2010 | 2:15 am Fed: Recovery may lose steamFederal Reserve policymakers are worried that the economic recovery may lose steam going forward, despite recent moderate improvements, according to minutes from their recent policy meeting released Tuesday.Source: Business and financial news - CNNMoney.com | 7 Apr 2010 | 2:12 am Marston's cheered by the return of drinkersThe pub is slowly returning to favour after three years of decline as landlords shift their focus to food and families, the latest figures from Marston's have revealed. Source: Latest Business News from Times Online | 7 Apr 2010 | 2:04 am Marston's cheered by the return of drinkersBritons are slowly returning to the pub after nearly three years of decline, latest figures from Marston's show. Source: Latest Business News from Times Online | 7 Apr 2010 | 2:04 am Europe Markets: Europe shares off peaks as Vodafone, BP slipEuropean shares struggled to build on recent highs on Wednesday, with losses from commodity-sector firms and Vodafone Group weighing.
Source: MarketWatch.com - Top Stories | 7 Apr 2010 | 1:54 am FTSE 100 slips at open (AFP)
Source: Yahoo! News: Stock Markets News | 7 Apr 2010 | 1:50 am Media Digest 4/7/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: The Chinese hinted they were ready to let the yuan rise. Reuters: Asian stocks are near a 22 month high. Reuters: Regulators plan to track fast frequency trading. Reuters: FTC may block Google’s (GOOG) deal to buy mobile ad firm AdMob. Reuters: The Nikkei was helped by a sharp rose in bank shares. Reuters: Geithner said a yuan revaluation [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Apr 2010 | 1:48 am UK food inflation falls to three-year low, says BRCFood inflation is at its lowest level for more than three years, figures from British Retail Consortium showed.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Apr 2010 | 1:45 am Renault and Nissan unveil Daimler partnershipThe three carmakers will swap stakes and jointly develop cars as part of partnership plans aimed at gaining scale and sharing costsSource: Financial Times - US homepage | 7 Apr 2010 | 1:44 am Citi execs may be in for surprises at crisis probe (AP)
Source: Yahoo! News: Business News | 7 Apr 2010 | 1:34 am Gases make W.Va. mine unsafe; 4 missing, 25 deadCrews are drilling to ventilate toxic gas from a West Virginia mine two days after a deadly explosion, trying to make a section of it safe enough for rescuers to search for four missing...Source: RSS feed - channel BNewsBusiness | 7 Apr 2010 | 1:12 am Europeans warned of Toyota pedals well before US (AP)
Source: Yahoo! News: Business News | 7 Apr 2010 | 1:05 am Europeans warned of Toyota pedals well before USLong before Toyota told U.S. regulators about sticking accelerator pedals, the Japanese automaker warned its distributors throughout Europe about similar problems, documents obtained by TheSource: RSS feed - channel BNewsBusiness | 7 Apr 2010 | 1:05 am Las Vegas Railway Express - 'X' Train Hires Hunter Capital Group, LLC as Financial AdvisorSource: RSS feed - channel BNewsBusiness | 7 Apr 2010 | 1:05 am Long-term-care policies: Pouring money down a hole?The saddest lesson of recent years for the American middle class is that those who "do the right thing" are first in line to get hammered.
Source: L.A. Times - Business | 7 Apr 2010 | 1:00 am Fed doesn't see inflation as an immediate threatMinutes of the most recent meeting of a central bank committee show that it doesn't plan to raise short-term interest rates any time soon but suggests it could quickly change course. ...Source: RSS feed - channel BNPaperBusiness | 7 Apr 2010 | 1:00 am St. Regis Monarch Beach gets new ownerA Seattle real estate investment firm takes control of the Orange County resort in a deal estimated at $235 million. AIG executives stayed there days after a federal bailout. ...Source: RSS feed - channel BNPaperBusiness | 7 Apr 2010 | 1:00 am Fed doesn't see inflation as an immediate threatMinutes of the most recent meeting of a central bank committee show that it doesn't plan to raise short-term interest rates any time soon but suggests it could quickly change course.Despite expressing more confidence in the prospects for continuing economic recovery, Federal Reserve policymakers gave little indication in their most recent meeting that they see inflation as an imminent problem or plan to raise short-term interest rates any time soon.
Source: L.A. Times - Business | 7 Apr 2010 | 1:00 am Spirit Airlines launches $45 carry-on feeThe per-bag charge is assessed for each item that can't be stowed under the seat. The policy is in effect for reservations that were made after Monday for travel on or after Aug. 1. ...Source: RSS feed - channel BNPaperBusiness | 7 Apr 2010 | 1:00 am Appeals court overturns FCC rule on net neutralityThe FCC's policy on broadband access had required Comcast to give equal treatment to all Internet traffic it carried. Now providers may be able to charge more for fast content delivery. ...Source: RSS feed - channel BNPaperBusiness | 7 Apr 2010 | 1:00 am Lights, camera, plenty of action at downtown Los Angeles Center StudiosProductions that might have gone elsewhere are keeping the sprawling film complex busy, with shooting of TV pilots up 50% from a year ago. ...Source: RSS feed - channel BNPaperBusiness | 7 Apr 2010 | 1:00 am Lights, camera, plenty of action at downtown Los Angeles Center StudiosProductions that might have gone elsewhere are keeping the sprawling film complex busy, with shooting of TV pilots up 50% from a year ago.The TBS pilot "In Security" tells the story of two sisters who run a private security firm in New York City. Producers had considered shooting the pilot in Montreal or Toronto to take advantage of those cities' film tax credits (anywhere but New York, apparently).
Source: L.A. Times - Business | 7 Apr 2010 | 1:00 am Long-term-care policies: Pouring money down a hole?The saddest lesson of recent years for the American middle class is that those who "do the right thing" are first in line to get hammered.Source: RSS feed - channel BNPaperBusiness | 7 Apr 2010 | 1:00 am Spirit Airlines launches $45 carry-on feeThe per-bag charge is assessed for each item that can't be stowed under the seat. The policy is in effect for reservations that were made after Monday for travel on or after Aug. 1.Spirit Airlines Inc., the low-cost carrier based in Miramar, Fla., announced Tuesday that it would charge passengers as much as $45 for each piece of carry-on luggage.
Source: L.A. Times - Business | 7 Apr 2010 | 1:00 am Appeals court overturns FCC rule on net neutralityThe FCC's policy on broadband access had required Comcast to give equal treatment to all Internet traffic it carried. Now providers may be able to charge more for fast content delivery.In a case with wide-ranging ramifications for how Americans use the Internet, an appeals court Tuesday struck down a federal rule that required broadband providers to keep their networks open -- even to bandwidth hogs.
Source: L.A. Times - Business | 7 Apr 2010 | 1:00 am St. Regis Monarch Beach gets new ownerA Seattle real estate investment firm takes control of the Orange County resort in a deal estimated at $235 million. AIG executives stayed there days after a federal bailout.St. Regis Monarch Beach, the posh Orange County resort tarred in a public backlash to corporate travel spending, has a new owner after a transaction that values the property at about $235 million.
Source: L.A. Times - Business | 7 Apr 2010 | 1:00 am Renault, Nissan, Daimler unveil partnershipBRUSSELS/TOKYO (Reuters) - Carmakers Renault , Nissan Motor Co Ltd and Daimler on Wednesday said they would swap stakes and jointly develop cars as part of partnership plans aimed at...Source: RSS feed - channel BNewsBusiness | 7 Apr 2010 | 12:56 am Biodynamic farmers connect to earth's rhythmsWhen vintner Randall Grahm chose the time and place to plant his new pinot noir vines, he weighed all the things farmers usually consider: drainage, soil quality and weather. Then he...Source: RSS feed - channel BNewsBusiness | 7 Apr 2010 | 12:51 am AOL plans to sell or close BeboInternet company AOL says it plans to sell or shut down Bebo just two years after buying it for $850m.Source: BBC News | Business | World Edition | 7 Apr 2010 | 12:38 am Contact pushes market to 18-month highThe New Zealand sharemarket rose to a more than 18 month high today care of solid gains in leaders Fletcher Building and Contact Energy and rises in an array of other stocks.Telecom was unable to build on Tuesday's 8c rise and...Source: nzherald.co.nz - Business | 7 Apr 2010 | 12:35 am Japan holds interest rates at 0.1pcJapan's central bank kept its key lending rate unchanged at 0.1pc on Wednesday and signalled that a recovery in the world's number two economy is on track despite the "critical challenge" of deflation.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Apr 2010 | 12:32 am Rupert Murdoch to limit Google and Microsoft's access to his newspapersRupert Murdoch, News Corp chairman, said Google and Microsoft's access to his newspapers could be limited to a "headline or a sentence or two" once he erects a pay wall around his titles' websites.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Apr 2010 | 12:22 am Fujitsu ex-boss sues over sackingThe former president of Fujitsu launches a legal action against the company over his forced resignation last year.Source: BBC News | Business | World Edition | 7 Apr 2010 | 12:16 am Goldman denies ‘bets against clients’Goldman Sachs will rebuff accusations that it ’bet against’ clients in the mortgage market at the height of the financial crisis in a letter to investors that contains the most robust defence yet of the bank’s actions during the turmoilSource: Financial Times - US homepage | 7 Apr 2010 | 12:01 am In rare letter to shareholders, Goldman denies double-dealing (McClatchy Newspapers)McClatchy Newspapers - WASHINGTON — Goldman Sachs' top officers denied in a letter to shareholders made public Wednesday that the company bet against investors who bought its subprime mortgage securities in 2006 and 2007 as the firm readied itself for a sharp drop in the U.S. housing market.Source: Yahoo! News: Business News | 7 Apr 2010 | 12:01 am Securian Retirement Site Gives Advisors Faster Access to Critical InformationSource: RSS feed - channel BNewsBusiness | 7 Apr 2010 | 12:00 am Fonterra and farmers to benefit from restructureFonterra fears its profits and market share will both take a hit if it doesn't forge ahead with planned changes to its business.Chairman Henry van der Heyden told a media conference Fonterra could lose out on crucial cash flow...Source: nzherald.co.nz - Business | 6 Apr 2010 | 11:51 pm 'Mega' event plan after Ryder CupMinisters aim to attract "mega" sporting and cultural events to Wales in a 10-year plan, launched in Ryder Cup year.Source: BBC News | Business | World Edition | 6 Apr 2010 | 11:44 pm Dollar hits nine year low against Aussie, then liftsThe New Zealand dollar consolidated for most of today after rising strongly through the early hours of the morning, buoyed by surging prices at Fonterra's monthly online auction.The NZ dollar was US70.45c at 5pm today after rising...Source: nzherald.co.nz - Business | 6 Apr 2010 | 11:17 pm SEC seeks tighter rules on asset-backed securities (AP)AP - Remember mortgage-backed securities? They were the go-go house of cards that collapsed and nearly brought down the financial system, helping usher in the recession.Source: Yahoo! News: Business News | 6 Apr 2010 | 11:04 pm SEC seeks tighter rules on asset-backed securities (AP)AP - Remember mortgage-backed securities? They were the go-go house of cards that collapsed and nearly brought down the financial system, helping usher in the recession.Source: Yahoo! News: Stock Markets News | 6 Apr 2010 | 11:04 pm China hints at readiness to let yuan riseBEIJING (Reuters) - China will keep the yuan basically stable while alerting exporters to potential risks to minimize their losses, a powerful central planning agency said in a statement...Source: RSS feed - channel BNewsBusiness | 6 Apr 2010 | 10:59 pm China hints at readiness to let yuan riseBEIJING (Reuters) - China will keep the yuan basically stable while alerting exporters to potential risks to minimize their losses, a powerful central planning agency said in a statement reported on Wednesday.
Source: Reuters: Business News | 6 Apr 2010 | 10:59 pm Regulator plans to track high-frequency trading: report(Reuters) - U.S. securities regulator may formulate a plan to improve oversight of high-frequency trading by keeping track of executed transactions, the Wall Street Journal said, citing people familiar with the matter.
Source: Reuters: Business News | 6 Apr 2010 | 10:57 pm Regulator plans to track high-frequency trading: report (Reuters)Reuters - U.S. securities regulator may formulate a plan to improve oversight of high-frequency trading by keeping track of executed transactions, the Wall Street Journal said, citing people familiar with the matter.Source: Yahoo! News: Stock Markets News | 6 Apr 2010 | 10:57 pm Regulator plans to track high-frequency trading: report(Reuters) - U.S. securities regulator may formulate a plan to improve oversight of high-frequency trading by keeping track of executed transactions, the Wall Street Journal said, citing...Source: RSS feed - channel BNewsBusiness | 6 Apr 2010 | 10:57 pm FTC staff ready to recommend blocking Google Admob deal: sourceSAN FRANCISCO (Reuters) - Lawyers at a U.S. regulator plan to recommend that the government try to block Google's proposed acquisition of mobile advertising firm AdMob on antitrust grounds,Source: RSS feed - channel BNewsBusiness | 6 Apr 2010 | 10:55 pm FTC staff ready to recommend blocking Google Admob deal: sourceSAN FRANCISCO (Reuters) - Lawyers at a U.S. regulator plan to recommend that the government try to block Google's proposed acquisition of mobile advertising firm AdMob on antitrust grounds, a source familiar with the matter said.
Source: Reuters: Business News | 6 Apr 2010 | 10:55 pm Geithner: governments should expand banking's reachMUMBAI (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that governments must work to bring more people into the banking system as part of efforts to improve the balance of economic growth.
Source: Reuters: Business News | 6 Apr 2010 | 10:48 pm Geithner: governments should expand banking's reachMUMBAI (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that governments must work to bring more people into the banking system as part of efforts to improve the balance ofSource: RSS feed - channel BNewsBusiness | 6 Apr 2010 | 10:48 pm Nuclear Weapons Around the WorldWhile many countries around the world have nuclear weapons, in recent years nuclear tests have only been done by North Korea — which made us all a little nervous. Here we have an in-depth look at which countries have the most active warheads, where nuclear weapon tests have been conducted, and on the flip side, which countries in the world do without any type of armed forces at all.
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Source: Business Pundit | 6 Apr 2010 | 10:16 pm 3 Stocks With Low Price-to-Sales Ratios (Screens)Hough: Companies that look inexpensive based on a powerful metric.
Source: SmartMoney.com | 6 Apr 2010 | 10:00 pm Your Worth to a College Referral Service (Education and Your Money)School matchmaking is a big business. Here's why.
Source: SmartMoney.com | 6 Apr 2010 | 10:00 pm Annuities for Retirement: The Best, and the RestAs nervous investors pour money into fixed annuities, we rank the offerings.
Source: SmartMoney.com | 6 Apr 2010 | 10:00 pm As Equities Glitter, Can Gold Still Shine?VIDEO: Fund manager Robert Cohen discusses his outlook for the metal.
Source: SmartMoney.com | 6 Apr 2010 | 10:00 pm Tax Tips: Deduct Your Commuting Costs (Tax Tips)Self-employed with a home office? You may be able to deduct these expenses.
Source: SmartMoney.com | 6 Apr 2010 | 10:00 pm Entrepreneurs Doing Business by AvatarMachan: How to immerse yourself in a virtual world like Second Life.
Source: SmartMoney.com | 6 Apr 2010 | 10:00 pm Annuities: Their Surprising ComebackFixed annuities have gotten hot, but are they right for you?
Source: SmartMoney.com | 6 Apr 2010 | 10:00 pm When April 15 Just Won't DoVIDEO: Not going to file your taxes on time? Here's what you need to know.
Source: SmartMoney.com | 6 Apr 2010 | 10:00 pm Today's News: Washington Post Is Dirt CheapThe Post may be America's most undervalued media company.
Source: SmartMoney.com | 6 Apr 2010 | 10:00 pm Macarthur rejects Peabody’s $3.3bn bidMacarthur Coal has rejected a sweetened $3.3bn bid from Peabody Energy of the US and continued to recommend to shareholders an alternative deal it struck with a Hong Kong-based commodity supplierSource: Financial Times - US homepage | 6 Apr 2010 | 9:29 pm Enormous container ship in portNew Zealand ports are this week welcoming the arrival of the OOCL New Zealand, the largest container ship to regularly call in New Zealand.The OOCL New Zealand celebrated its maiden call in New Zealand at Auckland on Sunday, and...Source: nzherald.co.nz - Business | 6 Apr 2010 | 9:15 pm Bacteria hits kiwifruit orchardA bacterial infection which has hit Zespri's top-performing commercial cultivar, Hort16A, on a New Zealand-owned Italian orchard may mean the orchard's value has to be written off.Opotiki Packing and Coolstorage Ltd (Opac) said...Source: nzherald.co.nz - Business | 6 Apr 2010 | 8:20 pm Role of Motion Picture Assn. of America chief is tough to fillNo clear star candidates have emerged as front-runners to lead the lobbying organization of the six major studios, which also oversees the movie and TV ratings systems.The role sounds perfect for a leading man or woman: a charismatic diplomat who hobnobs with the Hollywood elite and powerful politicians. An agent might want to call a George Clooney or a Meryl Streep.
Source: L.A. Times - Business | 6 Apr 2010 | 7:57 pm Role of Motion Picture Assn. of America chief is tough to fillNo clear star candidates have emerged as front-runners to lead the lobbying organization of the six major studios, which also oversees the movie and TV ratings systems. ...Source: RSS feed - channel BNPaperBusiness | 6 Apr 2010 | 7:57 pm Yelp makes two major changes in the way reviews are postedThe website will no longer let advertisers post their favorite review at the top of the page, and it will give users access to posts previously hidden. The moves address complaints from businesses. ...Source: RSS feed - channel BNPaperBusiness | 6 Apr 2010 | 7:55 pm Yelp makes two major changes in the way reviews are postedThe website will no longer let advertisers post their favorite review at the top of the page, and it will give users access to posts previously hidden. The moves address complaints from businesses.Stung by complaints from frustrated small-business owners, popular ratings website Yelp is overhauling the way it posts reviews.
Source: L.A. Times - Business | 6 Apr 2010 | 7:55 pm Auckland house sales boomingHouse sales in Auckland climbed to their highest level in almost two years last month, signalling an improvement in buyer confidence.Figures from Barfoot & Thompson show house sales in March edged ahead of those for the same time...Source: nzherald.co.nz - Business | 6 Apr 2010 | 7:00 pm Toyota extends sales incentivesThe carmaker says it will now offer financing and lease specials through May 3. The deals launched an incentive war last month and sent auto sales soaring, but they threaten to hurt profits. ...Source: RSS feed - channel BNPaperBusiness | 6 Apr 2010 | 7:00 pm Toyota extends sales incentivesThe carmaker says it will now offer financing and lease specials through May 3. The deals launched an incentive war last month and sent auto sales soaring, but they threaten to hurt profits.Just a day after being hit with the biggest regulatory fine in U.S. automotive history, Toyota Motor Corp. said Tuesday that it would extend special sales incentives to lure buyers into its showrooms.
Source: L.A. Times - Business | 6 Apr 2010 | 7:00 pm Woosh posts $38 million lossWoosh Wireless today announced a $38 million loss for its financial year ending June 30, 2009.The internet service provider (ISP) wrote down the value of its network by $22.3m.In a statement, company chairman Rod Inglis said...Source: nzherald.co.nz - Business | 6 Apr 2010 | 6:45 pm AOL set for loss on plans to jettison BeboAOL plans to sell or shut down the online social network Bebo only two years after buying it for $850 million.$ Source: Latest Business News from Times Online | 6 Apr 2010 | 6:01 pm Copper breaches $8,000 barrier but hot metal prices may soon cool$The price of copper passed $8,000 a tonne for the first time in 20 months yesterday, but hopes that it was proof of a sustained global recovery promptly suffered a setback when traders said that it may be about to fall steeply again.$ Source: Latest Business News from Times Online | 6 Apr 2010 | 6:01 pm Rwanda moves on – but scars from genocide of Tutsis remainAs Rwanda begins a week of official commemorations of the 1994 genocide today the last village courts set up to try those who took part in the killing of 800,000 Tutsis are preparing to shut down, closing a chapter in the long process of healing. Source: Latest Business News from Times Online | 6 Apr 2010 | 6:01 pm Tim Wheeler blames Brixton chairman Lady Patten for his dismissalThe former chief executive of Brixton blamed the company’s chairman yesterday for escalating a row that led to his dismissal. Source: Latest Business News from Times Online | 6 Apr 2010 | 6:01 pm KFC boosts Restaurant BrandsRestaurant Brands is reporting full year net profit, excluding non-trading items, up 70 per cent to $19.9 million.The bulk of the improvement came from another solid performance by KFC, but both the Pizza Hut and Starbucks Coffee...Source: nzherald.co.nz - Business | 6 Apr 2010 | 6:00 pm US internet reform plan hit by court rulingThe Obama administration’s ambitious plans to expand broadband services and open networks were dealt a blow when a US appeals court ruled that the Federal Communications Commission did not have the authority to regulate high-speed internet systemsSource: Financial Times - US homepage | 6 Apr 2010 | 5:52 pm AOL reviews future of Bebo networkThe company is set to cut its losses on Bebo, the internet social network it purchased for $1bn in 2008, which is considered one of its worst acquisitionsSource: Financial Times - US homepage | 6 Apr 2010 | 5:46 pm Barack Obama to press China on currencyPresident Barack Obama will continue to press China for a "market-based" valuation for its currency - even after the first indications that the yuan may be again allowed to freely float emerged.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Apr 2010 | 5:07 pm Fonterra's plan explainedFonterra has revealed details of its plan for dairy farmers to trade shares amongst themselves.Farmers had thrown out a 2007 proposal for a partial public listing on the stock exchange. What is the new scheme? Under the...Source: nzherald.co.nz - Business | 6 Apr 2010 | 5:00 pm Sharemarket touches 3-month highThe New Zealand sharemarket's benchmark NZX-50 index edged up to a new three-month high in early trading, although share movements were restrained.Around 10.15am the NZX-50 was up 2.64 points to 3311.55, having been as high as...Source: nzherald.co.nz - Business | 6 Apr 2010 | 5:00 pm General Election 2010: Morrisons has everything Brown and Cameron need under one roofI had Gordon Brown down as a Lidl or Aldi customer. The discount grocers stock just one of every line and are cheap as chips, so it takes zero imagination to shop there. David Cameron I'd pencilled in as an Ocado customer and Nick Clegg a grey man in Tesco.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Apr 2010 | 4:56 pm Questor share tip: Petrofac still a buy after North Sea spin-offPetrofac spin off, EnQuest enjoyed a positive first day's trading on the London stock market yesterday. Petrofac retains a 45pc stake in the group.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Apr 2010 | 4:51 pm Questor share tip: Bullish copper price is good for AntofagastaInvestors had started to fret about the sustainability of copper prices - but things don't look as bad as the bears feared.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Apr 2010 | 4:47 pm General Election 2010: Bookmakers expect record £25m of election betsBookmakers expect a record £25m of bets on the election - though that is just a tenth of the sum gambled on Saturday's Grand National.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Apr 2010 | 4:42 pm General Election 2010: The deficit will take centre stageTo spend or to slash? In the 30 days from now until the General Election, that is the question.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Apr 2010 | 4:26 pm Stocks wander on thin news; Dow stays below 11,000 (AP)
Source: Yahoo! News: Stock Markets News | 6 Apr 2010 | 4:24 pm General Election 2010: Treading a fine line between pro-business and big businessAs the political leaders jostle to represent themselves as pro-business, they are equally at pains to distance themselves from the suggestion that they are simply "the party of big business". Here are the key battlegrounds.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Apr 2010 | 4:16 pm TSX slides off 18-month high as oils slip (Reuters)Reuters - The TSX fell on Tuesday with the energy group the chief laggard as investors took profits after two sessions of gains.Source: Yahoo! News: Stock Markets News | 6 Apr 2010 | 4:14 pm A Fool And His Money, Part II: Americans Still Want A To Own A HomeThe value of homes in many parts of the US are down 30% since their peak in 2006. In parts of Nevada, Michigan, and California the drop is 50%. Eleven million mortgages are underwater with loan values larger than the value of the houses they were used to purchase. Greedy homeowners, who once took out home [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Apr 2010 | 4:07 pm Write-Offs: 04.06.10$$$ Adviser at center of Okla. hoops probe leaves Merrill, joins Raymond James [Investment News] $$$ Yes, Larry Summers Is Leaving [The Atlantic] $$$ AIG Resort Finds Buyer [WSJ] $$$ Lombard Odier Targets Russian Billions With Moscow Office to Challenge UBS 
Source: Dealbreaker | 6 Apr 2010 | 4:05 pm Fed, Interest Rates, Greek Bonds, Chain Stores: Taking StockSource: Bloomberg - All Podcasts | 6 Apr 2010 | 3:58 pm How the major stock indexes fared on Tuesday (AP)AP - The Dow Jones industrial average edged close to the 11,000 mark but failed to cross it for a second day.Source: Yahoo! News: Stock Markets News | 6 Apr 2010 | 3:55 pm Summary Box: Dow nears 11,000 but doesn't cross it (AP)AP - INCHING CLOSER: As it had the day before, the Dow Jones industrial average on Tuesday came within a dozen points of the 11,000 mark before backing off. It ended down 4 points.Source: Yahoo! News: Stock Markets News | 6 Apr 2010 | 3:52 pm Of cows, communities and credit default swapsThe French economist and businessman Michel Albert described two historical traditions from which the modern insurance industry originated. In London, English gentlemen would gather in Lloyd's coffee house...Source: RSS feed - channel BNPaperBusiness | 6 Apr 2010 | 3:42 pm Raymond James, Wells Fargo reach settlementNEW YORK (Reuters) - Raymond James Financial Inc said on Tuesday that it has reached a confidential settlement in a brokerage raiding case with Wells Fargo & Co .
Source: Reuters: Business News | 6 Apr 2010 | 3:41 pm Stocks wander on thin news; Dow stays below 11,000NEW YORK -- Stocks ended mixed Tuesday after a rise in bank shares offset drops in some technology names.
Source: L.A. Times - Business | 6 Apr 2010 | 3:28 pm Fed says "extended period" may last a long timeWASHINGTON (Reuters) - The Federal Reserve could keep interest rates ultra-low for even longer than investors expect if the economic outlook worsens or inflation drops, minutes from the central bank's last meeting suggested.
Source: Reuters: Business News | 6 Apr 2010 | 3:26 pm The Tuesday Podcast: The Fed Wants To Sell You A Mall In Oklahoma The Fed's mall (UrbanReviewSTL via Flickr) On today's Planet Money: The Federal Reserve owns the biggest mall in Oklahoma, and it's looking to sell. The mall is one of the many, many assets the Fed bought to bail out Bear Stearns a few years back. The assets were bundled into a special company called Maiden Lane I. Also on the bank's shopping list: A bundle of home mortgages that's closely related to Toxie, Planet Money's toxic asset. (Does that make us, like, in-laws with the Fed?) For the most part, the Fed owns financial stuff like loans and swaps. The assets it bought as part of the Bear bailout included a mortgage on the Crossroads Mall in Oklahoma City. When the owners of the mall defaulted on the mortgage, the Fed foreclosed. So if you're looking to buy yourself a mall in Oklahoma, you might check out Crossroads. As the listing notes, "this lender owned distressed asset ... can be purchased at far below replacement cost." It includes an AMC theater as well as a "former JC Penney (vacant)," and a "former Steve & Barry's (vacant)." Download the podcast, or subscribe. Music: Sharon Jones and the Dap Kings's "This Land Is Your Land." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 6 Apr 2010 | 3:04 pm MTS Systems Raised to `Buy', CNinsure Cut to `Neutral': AudioSource: Bloomberg - All Podcasts | 6 Apr 2010 | 2:51 pm Even People Who Aren't Paying Their Mortgage Don't Think It's OK To Stop Paying The MortgageBy Jacob Goldstein There's been a lot of talk lately about people walking away from their mortgages. As it turns out, though, most people still think it's not OK to just stop paying the mortgage. That includes people who are underwater on their own mortgage, and those who have fallen behind on their payments. A survey commissioned by Fannie Mae and released today included a couple questions on this subject. Yes, Fannie Mae, which is on the hook for hundreds of billions of dollars in mortgages, has a stake in people making their payments. Still, the answers seem worth a mention. Here's one: If a person's home is now worth less than what they owe on it, do you think it's okay for them to stop paying their mortgage? Among people who are underwater on their own mortgage, 88% say no, it's not OK. Among people who are delinquent on their mortgage, 73% say no. Here's another: If a person is facing financial distress, do you think it's okay for them to stop paying their mortgage? Among people who are underwater, 79% said no. Among those who are delinquent, 55% said no. There are lots of other questions about the value of homes as an investment, owning versus renting, etc. For more, see this short overview or this long report. Here's more coverage of the survey. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 6 Apr 2010 | 2:50 pm Massey, Teekay Tankers, CardioNet are big movers (AP)AP - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:Source: Yahoo! News: Stock Markets News | 6 Apr 2010 | 2:48 pm White House warns Karzai visit could be cancelledThe Obama administration said it would consider cancelling next month’s US visit by Hamid Karzai, Afghanistan’s controversial president, if he came out with further ‘untruthful’, ‘troubling’ and ‘confusing’ statementsSource: Financial Times - US homepage | 6 Apr 2010 | 2:44 pm Steve Cohen’s Ex-Wife Files New Suit, Makes Awesome Demand She's after one of these bad boys. Patricia Cohen is demanding “a substantial, if not controlling, interest” in SAC Capital. Will this ever happen? A spokesman for SAC called the claims garbage (actual description: “recycled allegations”) so he doesn’t think so but who knows! What I do know is that I love it and I think that we should prepare for an outcome in which Pat is running the most majestic hedge fund in all the land. Obviously the first order of business is to bring back Ping Jiang. WHAT HAPPENS NEXT? Update Here’s the complaint:
Source: Dealbreaker | 6 Apr 2010 | 2:39 pm State Street's Reilly Likes Asia-Pacific ETFs: AudioSource: Bloomberg - All Podcasts | 6 Apr 2010 | 2:04 pm Harrah’s GiveawayWIN A CHANCE TO ATTEND THE 2010 CAESARS TENNIS CLASSIC! To get your chance to win this awesome package sign up for the Harrah’s Casinos email here. More about the 2010 Caesars Tennis Classic: The Caesars Tennis Classic will be hosted by two-time US Open and five-time Wimbledon Champion Venus Williams. The Classic will feature three matches in a team format. The first match will feature 1985, 1986 and 1987 US Open Champion Ivan Lendl going up against former nemesis and 1988 US Open ChampionMats Wilander. Lendl and Wilander, who together have won a combined 15 Grand Slam singles titles, have met in the finals of the US Open, French Open, Australian Open and the Masters a combined six times. The second marquis match-up will showcase 2003 US Open Champion and current top-ranked US men’s tennis player Andy Roddick against 2000 US Open Champion Marat Safin. The third match will feature 14-time Grand Slam men’s singles champion Pete Sampras going up against current U.S. Davis Cup star James Blake in a best-of-three-set match. Caesars will host pre and post-tournament events including the must see Tennis Village in the Palladium Ballroom at Caesars with appearances by the tennis greats. The Village will be open to tournament attendees and the general public. SATURDAY, APRIL 10, 2010 SUNDAY, APRIL 11, 2010
Source: Dealbreaker | 6 Apr 2010 | 2:02 pm Lithium vs. Gasoline: Trading One Expensive Energy Source for AnotherThe IPO filing by Tesla Motors brings into sharp relief the current battle for hearts and minds between the new electric cars and the traditional gasoline-powered vehicles. US and Japanese carmakers are pushing development of different designs to get to market with a compelling product at a price consumers will pay. Toyota Motors (TM), with its [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Apr 2010 | 1:39 pm The music has stopped; will Citigroup apologize?WASHINGTON/NEW YORK (Reuters) - Charles "Chuck" Prince and Robert Rubin are often blamed for hobbling Citigroup Inc , but the former CEO and senior adviser are expected to defend themselves vigorously at a public hearing this week.
Source: Reuters: Business News | 6 Apr 2010 | 1:26 pm Judge Jed Up SEC’s Ass AgainThese days, Judge Jed Rakoff’s name creates about as much agita inside the SEC as as Bernie Madoff. If Wall Street’s cops on the beat didn’t have enough to deal with already, now Judge Jed is up their ass about a seemingly meaningless legal settlement in the Galleon insider trading case. Before approving the pact between the SEC and the Schottenfeld Group, where three traders worked before they were arrested in connection with the Galleon case, Judge Jed wants more info about how the regulators came up with the $460,475.28 they say Schottenfeld needs to pay in disgorgement fees. (We’ll now get to see the math skills of some SEC employees when they’re not looking at porn.) He’s given them until next week to come up with the answers. Judge Jed also wants details on how and when the trading firm plans to implement new compliance recommendations and hire an outside consultant to watch over them. He pulled a similar maneuver last year when he refused to approve a settlement between the SEC and Bank of America over the shotgun wedding to Merrill Lynch. He reluctantly approved the settlement after the SEC nearly tripled the penalties. Read Judge Rakoff’s Order to the SEC
Source: Dealbreaker | 6 Apr 2010 | 1:05 pm BioHealth Business Daily (RDEA, AVNR, CELG, DNDN, ENCO, OPXA, PURE, SVA)Today’s wrap of the BioHealth Business Daily includes many less-covered stocks moving on news. We are seeing significant and unusual price changes in shares of Ardea Biosciences, Inc. (NASDAQ: RDEA), Avanir Pharmaceuticals, Inc. (NASDAQ: AVNR), Celgene Corporation (NASDAQ: CELG), Dendreon Corp. (NASDAQ: DNDN), Encorium Group, Inc. (NASDAQ: ENCO), Opexa Therapeutics, Inc. (NASDAQ: OPXA), PURE Bioscience [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Apr 2010 | 1:04 pm How Dead Ends Give Life to Insider TradingBy failing to pursue insider trading claims, the China Securities Regulatory Commission is damaging its reputation Read more… Filed under: China[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Apr 2010 | 12:46 pm Do You Want To Know Why Your Co-Workers Think You’re A Weirdo?
Now, first off, I would like to say that while I personally would never judge you for such a thing, there are others who are less open minded. You’d think at a forward thinking firm there’d be nothing wrong with speaking freely about this stuff, especially since you know for a fact that at least half of your male colleagues are wearing women’s undergarments as we speak but apparently you’d think wrong. Everyone would’ve preferred that you had instead pumped the breaks on your admission and for future reference, when you’re considering getting personal, instead shutting the fuck up. Don’t feel bad though. You’re not alone. Lots of people just want to let it out. On topics ranging from being 100% hairless.
To clarifying that they are not in fact barren.
The bit about women’s underwear.
Plus fucking on the first date, and their bastard children.
Source: Dealbreaker | 6 Apr 2010 | 12:45 pm Presented By:Source: Dealbreaker | 6 Apr 2010 | 12:45 pm U.K. election may be a close callBritish Prime Minister Gordon Brown has set May 6th as the date for Britain's next general election. Financial markets are banking on a Brown defeat, but that's why you have elections -- to find the winner. Stephen Beard reports.Source: Marketplace | 6 Apr 2010 | 12:34 pm US shifts stance on nuclear weaponsThe Obama administration announced a doctrine to reduce US reliance on nuclear weapons, bolster the global non-proliferation regime and pave the way for Congressional ratification of an arms control deal with RussiaSource: Financial Times - US homepage | 6 Apr 2010 | 12:26 pm FOMC Minutes… Fed Grips Reality, At Least CloserThe newest FOMC Minutes from the March 16 meeting might be dovish compared to what the inflation hawks want to see, but the FOMC is coming to grips with future rate hikes. The bias is still a “later rather than sooner” stance due to the Fed being cautious about tightening rates too soon. Hoening wanted the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Apr 2010 | 12:18 pm Greek rescue doubts fuel yields riseAthens’ borrowing costs rose to a record high amid concern in financial markets over the differences between eurozone countries on the details of any rescueSource: Financial Times - US homepage | 6 Apr 2010 | 12:04 pm FYI, Your (Bonus) Package Is Not Making You Better In BedIt’s just that its size helped prime your lady to get off.
Correction: Rich Guys Do Not Actually Give Women More Orgasms [DI]
Source: Dealbreaker | 6 Apr 2010 | 12:04 pm Why is Nobody Talking About the Health Care Jobs Revolution?
Despite politicians’ rhetoric, those two sectors haven’t provided a parachute for America’s employment nosedive. But one industry continues to quietly churn out jobs despite the recession. Its name is more often associated with political debate than steady jobs. Yet thanks to an aging baby boomer population, jobs in health care will be on the rise for the foreseeable future. According to the US Department of Labor Statistics, 8 of the 10 highest-paying career paths are in healthcare. Even the jobs that don’t involve medical school pay a wage that will keep you in the middle class. For example: * RNs have an annual median income of more than $60,000, with 22% projected job growth in the next 8 years. http://www.bls.gov/oco/ocos083.htm Engineers, corporate managers, and **** have similar or slightly higher median wages, but the projected job growth for those careers is in the 10% range. So you have a similar level of education to people in the medical careers above, but you fight more competition for the same pay. To me, that signifies that the old university meme of “get into business and you’ll make money” has been turned on its head. Another perk of the medical profession is that you can land a number of entry-level jobs with minimal training. If you’re facing dire financial straits, quick training can land you a quick job, which in turn can save you from dire consequences like foreclosure. This happened to a web designer friend of mine. When her work slowed to dangerous levels, she took a two-week CNA (certified nurse’s assistant) training course. Now that she received her certificate, she has more work than she can handle. Other short or relatively short (2 years or less) training courses include phlebotomy, x-ray technician, medical coding, and physical therapy assistant. Such careers might be worth considering for stability alone. I’m surprised the media hasn’t talked much about how many health care jobs are out there. Maybe it’s not at sexy as “green jobs,” or positive health care news simply doesn’t have a place in the current debate. But the fact is that health care is probably the single most promising job industry for the foreseeable future.
Source: Business Pundit | 6 Apr 2010 | 11:48 am Big bets pay off for Jerry WeintraubProducer, manager, sometimes actor and philanthropist Jerry Weintraub talks with Kai Ryssdal about his biography "When I Stop Talking, You'll Know I'm Dead," how he revolutionized the concert business, and wound up working with Elvis Presley.Source: Marketplace | 6 Apr 2010 | 11:47 am Chile earthquake rattles wood industryThe 8.8 magnitude earthquake in Chile hit businesses hard, and now the American wood industry is feeling economic aftershocks. Annie Murphy reports.Source: Marketplace | 6 Apr 2010 | 11:47 am Don't let lenders duck regulation!Banks and other companies have poured millions into lobbying against financial regulation. Commentator Kathleen Day says it's time to ignore those companies.Source: Marketplace | 6 Apr 2010 | 11:44 am Flying Spirit? Carry-ons may cost you.Florida-based, low-cost carrier Spirit Airlines is going to start charging for some carry-on bags come August. Jeremy Hobson reports.Source: Marketplace | 6 Apr 2010 | 11:44 am Despite accident, coal's future is brightRescue efforts are underway in West Virginia after an explosion at the Upper Big Branch coal mine owned by Massey Energy. Brett Neely reports.Source: Marketplace | 6 Apr 2010 | 11:44 am The impact of court's ruling for ComcastWashington Post tech writer Cecilia Kang talks with Kai Ryssdal about the court of appeals ruling that says the FCC didn't have the right to regulate net neutrality with respect to Comcast and other Internet service providers.Source: Marketplace | 6 Apr 2010 | 11:43 am Benmosche Promises Not To Abandon AIG For A Least Another Year Or So
Does he have a giant wall-sized calendar with a star marking his last day in 2011? Is the best part of his day crossing it off with an X, bringing him closer and closer to freedom? Does he keep a packed suitcase in the back of his trunk and staff a first year with keeping the motor running during business hours? You betcha. But for now he’s sticking it out.
Source: Dealbreaker | 6 Apr 2010 | 11:15 am Unicredit’s Annunziata: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 6 Apr 2010 | 10:47 am Municipal Market’s Fabian: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 6 Apr 2010 | 10:46 am Marc Faber: Surveillance With Prewitt and KeeneSource: Bloomberg - All Podcasts | 6 Apr 2010 | 10:45 am Cumberland's Kotok: Bloomberg On the Economy With Tom KeeneSource: Bloomberg - All Podcasts | 6 Apr 2010 | 10:41 am John Tumazos: Bloomberg On the Economy With Tom KeeneSource: Bloomberg - All Podcasts | 6 Apr 2010 | 10:40 am Bernstein’s Howard: Bloomberg On the Economy With Tom KeeneSource: Bloomberg - All Podcasts | 6 Apr 2010 | 10:38 am 10 Most Sexist Print Ads from the 1950sThe 1950s – a time well before the sexual revolution of the 60s and 70s, when sexism was not only tolerated, it was expected and actively encouraged, partly through chauvinistic print ads like the ones we explore below. With lashings of hindsight, we’re now able to see the funny side of the ridiculously overt sexism on display throughout the ads of the 1950s, mainly because they now seem so incredibly dated. These ads stand as relics to a bygone era, one in which sexism as well as racism and other forms of intolerance were commonplace. Studying these print ads helps us reflect on today’s society and shows just how far we’ve come. Printing ads like the ones below, complete with their preposterous female stereotypes, would be unspeakable these days, and I, for one, am very thankful for that. 1. Kenwood Chef
Kenwood is most famous for its Chef food processor, which was launched in 1950. Very little has changed in its design and you can still buy one in the shops today. While the Kenwood Chef itself has stood the test of time, this ludicrous advert certainly has not. I can’t imagine the wife doing much cooking with those nails! 2. Chase & Sandborn
3. Dacron Leggs
4. Bell & Howell
5. Dormeyer
6. Hoover
7. Drummond
8. Lysol
9. Mornidine
10. Schlitz
Source: Business Pundit | 6 Apr 2010 | 10:21 am Job Posting: Steve Cohen’s Personal Venture CapitalistWhat’s Steve Cohen supposed to do now with a fresh $1.4 billion in his pocket and no Zamboni to ride around on: Throw some cash at tech companies. Sources say Stevie’s henchmen are looking for a seasoned venture capitalist to invest about $100 million of the billionaire’s personal stash in tech startups. The headhunting is being overseen by Peter Berger and Frank Baker, both managing directors in SAC’s private equity unit who joined the firm a few years ago from Ripplewood. We’re not sure if the new position requires special skills with whiteboard markers and a spokesman for SAC declined to comment. Rumors are also circulating that, once a manager is found, SAC wants to raise $500 million for a new venture fund, but sources said there’s no plan on the table to bring in outside capital. While they’re still looking for someone (submit your resume) the new venture unit had time to do a deal last week. On March 30, SAC Venture Investments and J.P. Morgan took a stake in an electronic derivatives trading firm called Derivix. (The company had already raised $6.7 million in Series A funding from Goldman Sachs and Susquehanna Growth Equity.) Also, a few years ago SAC’s venture arm invested in a penny stock company called Zoo Entertainment, which makes software for the Xbox, PlayStation, Nintendo Wii and a bunch of other video game systems, so maybe there’ll be some sweet freebies in it for you as a bonus.
Source: Dealbreaker | 6 Apr 2010 | 9:45 am How Much Money Does Your Bank Make Off You? A Cocktail Napkin Has The AnswerBy Jacob Goldstein A finance blogger goes out for drinks at a Brooklyn bar with some guys who want to start a bank. Things get a little crazy: They start writing equations on napkins and come up with a way to figure out how much money you're worth to your bank. Here's the answer: Value = Fees + 2.5% * (savings + checking) + 1.7% * (debit card transactions) That equation, courtesy of Mike Konczal and the guys at Bank Simple, shows that there are three basic ways that a bank makes money off you, the retail customer:
Konczal does the math for a hypothetical family making $60,000 a year that manages to avoid paying fees. He figures the family is worth just under $500 a year to the bank. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 6 Apr 2010 | 9:32 am Vikram Pandit: HAPPY. AS. A. CLAM
Despite the fact that that his hedge fund was eventually put out to pasture after its all-too-short two years of (mis)managing money, and a precipitously falling stock price, nothing could get him down. As time went on though, they started to break him. A certain analyst made a habit of hiding in his closet, waiting ’til he fell asleep and then popping out, tying him up and shoving a sock in his mouth. Jamie Dimon called him a “jerk” on a conference call. The government outfitted him with an ankle monitoring bracelet and a boot up the ass. Citi was removed from the Dow. He made a promise not to take more than a $1 salary per year and who knew when the Christ that was going to happen. He was told he couldn’t have a Zen Garden. It was all too much to bear and Vickles had a major case of the sads. He lost weight. And because he lost weight he was forced to close his Tickle a Vickle booth in the office on Park (people don’t wait in line for hours to Tickle an anorexic Vickle). The whole thing was depressing to watch, let alone experience personally and we spent a good deal of time wondering if we’d ever have the old Vik back. It seemed unlikely. Today though? JOYOUS NEWS TO THE CONTRARY.
He’s back baby! First comes the bounce in the step, then comes the bounce in the belly, and I for one could not be more elated. Ours is not to question why but since we’re here and all, what the heck. Why is Vikram happy again? * Odd Couple reunion tour * He’s been getting laid * Because of the whole government removing its foot from his ass situation * Because “he sees the day when he is going to earn more than a $1 a year,” according to a top lieutenant (who also VP “has a smile on his face” and “is looking and sounding a lot more confident and secure” * Pony rides with the Prince * It was hinted there could be a garden of zen in the works * Wildcard
Source: Dealbreaker | 6 Apr 2010 | 9:30 am Building Business in an Australian Market
This is a guest post by Elise Burgess for Business.com.au. The Australian business market and culture can be described as both sophisticated and modern. Australia has a fairly small population of 21 million, but is considered a global market. Australia presents itself as one of the leading western business markets. It is an ideal option for many US businesses looking to expand overseas into a profitable market. The Australian business model is often compared to the US market. Key similarities presented in each include the familiar corporate framework, the business legal system, and even the overall approach to business. As a result, many Australian and American businesses have launched successful international ventures into the respective markets. Yet there are several crucial elements that should be understood before entering any overseas market, even one that presents with as many similarities as these do. In order for an American company to consider entering the Australian business market, basic business knowledge demands that they understand the various different aspects of the Australian culture, economic environment, and individual industries. For instance, the Australian business sector is a competitive market, yet due to the nation’s distance from most other trading options there are a number of markets that are dominated by established firms, particularly in one of the country’s strongest industries of exporting. This exporting strength means many Australian sectors have strong ties with profitable Asian markets, securing them as an ideal portal into such low-cost producer markets. Additionally, the appeal of the Australian business culture is also based on the similar set up of consumer and industrial sectors, English-speaking business culture and the Australia-U.S. Free Trade Agreement. This agreement was enforced on 1 January 2005 and covers the reduction or elimination of tariffs on US produced products and services. Also as a result of the Free Trade Agreement, over 99 per cent of U.S. manufactured goods that were exported to Australia have been eliminated, encouraging US businesses to expand their market reach into the profitable Australian market. Overall, US businesses with interests in the Australia market have found that the similar business culture, language, customer profiles, sales expectations and cultural environment make the Australian business market potentially a highly profitable venture. —– This guest post was written by Elise Burgess, journalist for Business.com.au, the leading online directory for Australian business.
Source: Business Pundit | 6 Apr 2010 | 9:26 am Massey Energy: Bad Company or Mining as Usual?
An explosion killed 25 miners last night at a Massey Energy mine in Montcoal, West Virgina. The mining accident was one of the deadliest in recent history. A buildup of natural gas in an unventilated section of the mine, sparked by a transportation vehicle, is believed to have caused the explosion. The New York Times has more: For at least six of the past 10 years, federal records indicate, the Upper Big Branch mine has recorded an injury rate worse than the national average for similar operations. The records also show that the mine had 458 violations in 2009, with a total of $897,325 in safety penalties assessed against it last year. It has paid $168,393 in safety penalties. Ellen Smith, the editor of Mine Safety and Health News, said the Upper Big Branch mine was the site of two fatalities in the previous 10 years. “Massey’s commitment to safety has long been questioned in the coalfields,” said Tony Oppegard, a lawyer and mine safety advocate from Kentucky. Those concerns were heightened in 2006 when an internal memo written by Mr. Blankenship became public. In the memo, Mr. Blankenship instructed the company’s underground mine superintendents to place coal production first. “This memo is necessary only because we seem not to understand that the coal pays the bills,” he wrote. Coal mining is intrinsically dangerous. It’s difficult to say whether this accident could have been prevented in any mine. But Massey’s poor record, combined with Blankenship’s record of indifference, indicates a systemic problem. From the looks of it, this is more a case of bad company than mining as usual.
Source: Business Pundit | 6 Apr 2010 | 7:56 am BNP's Gijsels on Stocks, ING's Brzeski on Greece: First WordSource: Bloomberg - All Podcasts | 6 Apr 2010 | 7:17 am Former Bankers Sleep On The Street To Audition For 'Apprentice'Good morning. Alan Greenspan will testify this week before the The Financial Crisis Inquiry Commission, which is holding hearings for the next few days. The panel is supposed to come up with a sweeping narrative to explain the crisis (think of the 9/11 commission's bestseller). But things aren't going so well, this morning's NYT reports. As for Greenspan, don't expect much in the way of mea culpas. Virgin Money, the financial-services arm of Richard Branson's groovy empire, landed a $150 million investment from Wilbur Ross, an American billionaire. Virgin is trying to buy up the retail banking operations of the Royal Bank of Scotland, the Times of London notes. Forget about CEO pay in the financial industry. Traders are the ones making the real money. The WSJ does the numbers. Former employees of Lehman, Merrill Lynch, Morgan Stanley and Bear Stearns lined up outside Trump Tower, hoping to land a spot on the Apprentice. Some slept on the street to get a prime spot in line, Bloomberg News reports. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 6 Apr 2010 | 7:07 am How Apple Creates Business Opportunities
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Source: Business Pundit | 6 Apr 2010 | 5:09 am
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