Greek deal gets approval in the markets (AP)

AP - Greek shares led a stock market advance in Europe Monday as fears of a Greek default began to ease after its partners in the eurozone finally cobbled together a financial support package for the debt-laden country.

Source: Yahoo! News: Stock Markets News | 12 Apr 2010 | 4:16 am

Greek deal gets approval in the markets (AP)

AP - Greek shares led a stock market advance in Europe Monday as fears of a Greek default began to ease after its partners in the eurozone finally cobbled together a financial support package for the debt-laden country.

Source: Yahoo! News: Business News | 12 Apr 2010 | 4:16 am

Stock futures signal gains ahead of Alcoa

(Reuters) - Stock index futures pointed to a higher open on Wall Street on Monday, helped in part by easing worries over sovereign debt after euro zone finance ministers approved a massive aid plan for debt-stricken Greece.

Source: Reuters: Business News | 12 Apr 2010 | 4:09 am

UBS Q1 best since crisis began, withdrawals slow

ZURICH (Reuters) - UBS delivered its highest pretax profit since the credit crisis began, just ahead of a likely tense shareholder meeting, and said withdrawals had slowed substantially as the bank rebuilds client trust.

Source: Reuters: Business News | 12 Apr 2010 | 4:07 am

Greek bonds and euro rebound on news of rescue

Global Markets Overview: Stocks hit fresh cyclical highs after the EU/IMF deal on Greece, but gold hits best levels of the year as government debt concerns linger
Source: Financial Times - US homepage | 12 Apr 2010 | 4:06 am

Sharp to join 3D TV battle with advanced display

TOKYO (Reuters) - Japan's Sharp Corp said it would begin selling 3D-capable LCD TVs in Japan this summer, the latest consumer electronics maker to enter the market for what is expected to be the industry's next hit product.

Source: Reuters: Business News | 12 Apr 2010 | 4:06 am

Europe Markets: Europe stocks edge back; Greek lenders rally

Stocks in Europe edge slightly lower Monday, as more details of a potential backstop for Greece helps banks rise, while the media and metals sector loses ground.

Source: MarketWatch.com - Top Stories | 12 Apr 2010 | 4:04 am

Swiss bank UBS sees profits rise

Swiss banking giant UBS says it expects to report a profit of 2.5bn Swiss francs for in the first three months of the year.
Source: BBC News | Business | World Edition | 12 Apr 2010 | 4:02 am

Markets salute euro zone deal on Greece, for now (Reuters)

Reuters - Financial markets on Monday saluted a euro zone deal on a huge standby rescue package for Greece, slashing the debt-laden country's borrowing costs and buying its stocks and bonds.

Source: Yahoo! News: Business News | 12 Apr 2010 | 4:01 am

Markets salute euro zone deal on Greece, for now

LONDON/ATHENS (Reuters) - Financial markets on Monday saluted a euro zone deal on a huge standby rescue package for Greece, slashing the debt-laden country's borrowing costs and buying its stocks and bonds.

Source: Reuters: Business News | 12 Apr 2010 | 4:01 am

Indications: Futures edge up on the cusp of earnings season

U.S. stock futures edged higher on Monday, with earnings season, a bailout package for Greece and China trade data in focus for investors.

Source: MarketWatch.com - Top Stories | 12 Apr 2010 | 4:01 am

Stocks set for rosy start

U.S. stock futures rose Monday, as investors grew more upbeat that a about the outlook for debt-laden Greece and awaited Alcoa's quarterly results.
Source: Business and financial news - CNNMoney.com | 12 Apr 2010 | 3:54 am

Bailout details ease Greek borrowing costs (AP)

AP - Greece's borrowing costs dipped Monday in positive early market reaction after eurozone countries filled in key details of their financial backstop aimed at quelling fears the heavily indebted country could default.

Source: Yahoo! News: Business News | 12 Apr 2010 | 3:50 am

Currencies: Euro soars after Greece plan detailed

The euro surges against the dollar and yen in Asia trading, after nations using the single currency outlined details of a rescue package of loans for debt-burdened Greece

Source: MarketWatch.com - Top Stories | 12 Apr 2010 | 3:36 am

Emerging Markets Report: Polish stocks, zloty gain in wake of plane crash

Stocks in Warsaw rose on Monday, as an orderly transition of power was set in motion after Poland’s president and numerous other senior officials, including the head of the central bank, died in a plane crash over the weekend.

Source: MarketWatch.com - Top Stories | 12 Apr 2010 | 3:35 am

Eurostar sees rising ticket sales

Eurostar announces a rise in revenues for the first three months of the year, following a disastrous end to 2009.
Source: BBC News | Business | World Edition | 12 Apr 2010 | 3:32 am

IRS Lets Mega Corporations Off The Tax Hook

Uncle Sam is doing fewer and fewer tax audits of huge corporations. These companies are, in theory, the firms that should pay enough to the IRS to help make a dent in the budget deficit. According to the “TaxIRS” study done by Syracuse University, “Among corporations reporting assets of $250 million or more, the IRS since FY 2005 [...]

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Source: 24/7 Wall St. | 12 Apr 2010 | 3:30 am

Aid plan solves Greece near-term funding woes

The weekend pledge by euro-zone leaders to provide Greece with 30 billion euros ($40.3 billion) in loans should ensure Athens can meet its near-term funding needs, economists said Monday, triggering a relief rally for the euro as well as hard-hit Greek banks and government bonds.

Source: MarketWatch.com - Top Stories | 12 Apr 2010 | 3:27 am

Share tips: buy Mothercare

More share tips compiled by Hargreaves Lansdown. Also covered: Marston's and Marks & Spencer .
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Apr 2010 | 3:17 am

Fifa uses influence, money to control world soccer

It may carry a lower profile than the International Olympic Committee, another controversial, Swiss-based international sports body. And to many Americans, Fifa, which stands for Federation Internationale de Football Association, means nothing alongside the likes of the NFL, NBA and Major League Baseball.

Source: MarketWatch.com - Top Stories | 12 Apr 2010 | 3:15 am

Leno Is Watched By Old People

The people who watch The Tonight Show with Jay Leno are old. The viewers of the program have an average age of 56, which is about 10 years older than they were when Conan O’Brien. That may be offset somewhat by a 50% surge in the viewership since Leno came back,  Leno’s show is now watched by [...]

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Source: 24/7 Wall St. | 12 Apr 2010 | 3:11 am

UBS reports its biggest profit in three years

UBS has reported its highest quarterly profits in almost three years amid a pick up in debt trading and an easing of client withdrawals.


Source: Latest Business News from Times Online | 12 Apr 2010 | 2:59 am

Repsol lifts Venezuelan reserves by 30%

Spanish oil group Repsol says a gas discovery in a Venezuelan field will now produce 30% more reserves than originally expected.

Source: MarketWatch.com - Top Stories | 12 Apr 2010 | 2:58 am

24/7 Wall St.’s Corporate Power Rankings (Week 14)

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and change, and credible rumors. It is, in effect, a new version of the DJIA. The Corporate Power Rankings are released at midnight [...]

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Source: 24/7 Wall St. | 12 Apr 2010 | 2:52 am

He built Mario Batali's 'edible wall'

Mario Batali decided last year to install a garden between his adjoining West Hollywood restaurants, Osteria Mozza and Pizzeria Mozza. But a plain old backyard patch wouldn't do. Batali wanted something more visually striking, something more ... vertical? So he turned to Jim Mumford, the owner of Good Earth Plant and Flower Company in San Diego.
Source: Business and financial news - CNNMoney.com | 12 Apr 2010 | 2:42 am

Broken Betamax? Who you gonna call?

In an era of disposable technology, there are still those who hold onto outdated gear. But when it breaks, where to turn? These six make old tech whir like new.
Source: Business and financial news - CNNMoney.com | 12 Apr 2010 | 2:42 am

Euro surges on Greece debt deal

The value of the euro jumps sharply after the eurozone agrees details of a multi-billion loan package to debt-ridden Greece.
Source: BBC News | Business | World Edition | 12 Apr 2010 | 2:42 am

London Markets: Sainsbury and Home Retail lead London higher

Supermarket chains are in London’s spotlight Monday as Home Retail gained on speculation that it could be a target of Wal-Mart’s Asda division and J Sainsbury climbed ahead of results due later in the week.

Source: MarketWatch.com - Top Stories | 12 Apr 2010 | 2:39 am

UBS sees 2.5 bln francs in first quarter pre-tax profit (AFP)

AFP - Swiss banking giant UBS said Monday that it expects its first quarter pre-tax profit to reach at least 2.5 billion francs (2.36 billion dollars, 1.73 billion euros) after having already returned to profit in the previous quarter.

Source: Yahoo! News: Business News | 12 Apr 2010 | 2:38 am

EU set to offer Greece $40 billion in aid

European finance chiefs said on Sunday that Greece could receive aid of as much as 30 billion euros ($40 billion) at a 5 percent interest rate.
Source: Business and financial news - CNNMoney.com | 12 Apr 2010 | 2:37 am

UK business confidence 'rebounds'

Business confidence reaches its highest level in four years, according to a survey of UK companies.
Source: BBC News | Business | World Edition | 12 Apr 2010 | 2:30 am

UBS profit to beat forecasts as withdrawals slow

Swiss bank UBS expects to report first-quarter pretax profit of at least 2.5 billion Swiss francs ($2.4 billion) as withdrawals by wealthy clients slowed sharply.

Source: MarketWatch.com - Top Stories | 12 Apr 2010 | 2:28 am

Cost cutting helps Rusal profit

World's biggest aluminium producer, Rusal, reports a $821m profit for 2009 as cost cuts offset a sharp drop in revenue.
Source: BBC News | Business | World Edition | 12 Apr 2010 | 2:18 am

Here come the profit reports

Investors return to work this week with the Dow just short of 11,000, the Nasdaq nearing a two-year high and the first-quarter reporting period set to take off.
Source: Business and financial news - CNNMoney.com | 12 Apr 2010 | 2:15 am

IBM helps New York go after tax deadbeats

Thanks to IBM, collecting billions of dollars of delinquent tax debt has just gotten a little easier for at least one state.
Source: Business and financial news - CNNMoney.com | 12 Apr 2010 | 2:06 am

BAA passenger numbers tumble on crew strikes

The number of passengers travelling through BAA airports dropped by 1.5 per cent in March compared with the same month last year after suffering the impact of BA cabin crew strikes, the operator said today.


Source: Latest Business News from Times Online | 12 Apr 2010 | 2:06 am

Media Digest (4/12/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The costs of the US bailout of the financial industry was $89 billion. Reuters:   Goldman Sachs (GS) and AIG (AIG) are unwinding their CDS positions. Reuters:   The euro surged on news of Greek debt guarantees. Reuters:   NY state said it sees a large number of US tax cases from UBS clients. Reuters:   Google (GOOG) said it is not [...]

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Source: 24/7 Wall St. | 12 Apr 2010 | 2:00 am

Smartphone maker Palm is seeking a buyer: report

(Reuters) - Palm Inc , the loss-making smartphone maker, is looking to sell itself and is seeking bids for the company as early as this week, Bloomberg said, citing three people familiar with the situation.

Source: Reuters: Business News | 12 Apr 2010 | 2:00 am

Stock futures signal gains ahead of Alcoa (Reuters)

Reuters - Stock index futures pointed to a higher open on Wall Street on Monday, helped in part by easing worries over sovereign debt after euro zone finance ministers approved a massive aid plan for debt-stricken Greece.

Source: Yahoo! News: Stock Markets News | 12 Apr 2010 | 1:56 am

Airlines did a better job for passengers in 2009 (AP)

AP - Fewer passengers boarded planes last year, but those who did were generally treated better than in the past.

Source: Yahoo! News: Business News | 12 Apr 2010 | 1:54 am

Oil rises to $85 as Europe offers Greece bailout (AP)

AP - Oil prices rose above $85 a barrel Monday in Asia after European countries offered a massive loan to debt-ridden Greece.

Source: Yahoo! News: Business News | 12 Apr 2010 | 1:49 am

Euro rallies on €30 billion Greek rescue

The euro surged to a one-month high and stock markets in Europe and Asia rallied today as traders welcomed a €30 billion (£26.5 billion) loans package for Greece, agreed by the currency's member countries to help the country tackle its debt crisis.


Source: Latest Business News from Times Online | 12 Apr 2010 | 1:48 am

States woo Calif. dairymen with less regulation (AP)

AP - The number of dairies in California has plummeted by more than 500 in the past decade, with many moving to other states enticing them with promises of lower costs and simpler regulations.

Source: Yahoo! News: Business News | 12 Apr 2010 | 1:43 am

London stocks rise at open (AFP)

AFP - Shares in London rebounded at the start of trade on Monday after debt-hit Greece was handed a massive rescue package.

Source: Yahoo! News: Stock Markets News | 12 Apr 2010 | 1:37 am

Why bond funds are suddenly hot

Mutual fund companies, just like individual investors, are prone to following the herd. So it's not surprising that, since bond funds attracted nearly $400 billion in 2009--versus a net $9 billion outflow of capital in stock funds--new bond funds are springing up to absorb the surging demand. So far this year, 16 fixed-income funds have launched, according to investment research firm Morningstar, compared to 14 new stock products.
Source: Business and financial news - CNNMoney.com | 12 Apr 2010 | 1:33 am

Business Bullet: Asia, Greece, Commodities, China

The latest news on: Asia, Greece, Commodities, China
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 Apr 2010 | 1:06 am

California region courts foreign investment

Inland Empire cities are putting out the welcome mat to entice firms in hopes of boosting employment.

California has bled manufacturing jobs for decades as low-cost foreign labor has enticed U.S. companies to fatten their profits by making their products overseas.

Source: L.A. Times - Business | 12 Apr 2010 | 1:00 am

Chapter 11 bankruptcy: To file or not to file?

The process lifts some burdens but adds others. Many companies don't survive it.

Small-business owners Constance and Ron Smith of Carson are running out of options.

Source: L.A. Times - Business | 12 Apr 2010 | 1:00 am

The Week Ahead

TODAY

Source: L.A. Times - Business | 12 Apr 2010 | 1:00 am

FedEx is geared up for electric delivery trucks

The first vehicle, tested on downtown Los Angeles streets, will begin its rounds next month. Three more electric trucks will follow.

Express mail giant FedEx Corp. is preparing to roll out the first of four new all-electric delivery trucks in Los Angeles next month, but Chief Executive Frederick W. Smith said there were still significant barriers to bringing large numbers of zero-emission and low-emission commercial vehicles into service quickly in the U.S.

Source: L.A. Times - Business | 12 Apr 2010 | 1:00 am

Thousands of Anthem Blue Cross customers await decision on rate hikes

The insurer had delayed the increases till May 1 pending a review by an outside actuary appointed by the state insurance commissioner. That report is expected within two weeks.

Thousands of worried Californians who buy individual insurance policies from Anthem Blue Cross will soon learn whether they face rate increases of up to 39% that were put on hold for two months amid a public outcry that helped revive national healthcare legislation.

Source: L.A. Times - Business | 12 Apr 2010 | 1:00 am

Airlines may delay flights further to avoid tarmac-delay fines

Also: New York is still the most expensive U.S. city for business travelers, and prank calls trick hotel guests into breaking windows.

Starting late this month, airlines that leave passengers stranded on a tarmac in a delayed plane for three hours or more can face a hefty fine under new rules adopted by the U.S. Department of Transportation.

Source: L.A. Times - Business | 12 Apr 2010 | 1:00 am

Getting a loan after a bankruptcy is tougher, but possible

Also: Tips for efficient staff meetings, and final touches for tax returns.

Dear Karen: I declared bankruptcy a few years ago.

Source: L.A. Times - Business | 12 Apr 2010 | 1:00 am

Investors will look beyond profit reports

First-quarter results will begin to trickle in this week and are likely to be positive. But shareholders will want to know whether companies can keep boost

For stock market investors, in the long run everything outside of what companies earn is pretty much noise.

Source: L.A. Times - Business | 12 Apr 2010 | 1:00 am

UBS expects SFr2.5bn first-quarter profit

UBS reveals first-quarter profits before tax will be at least SFr2.5bn as the Swiss bank seeks to fend off intense criticism ahead of its shareholders’ meeting
Source: Financial Times - US homepage | 12 Apr 2010 | 12:43 am

BA strike hits Heathrow numbers

Heathrow airport saw 180,000 fewer passengers in March because of the strikes by British Airways cabin crew.
Source: BBC News | Business | World Edition | 12 Apr 2010 | 12:41 am

Rusal swings to profit, plans output hike in 2010

Russian aluminum maker Rusal swings to a 2009 profit and plans to restart idled capacity to meet an anticipated rise in global demand this year.

Source: MarketWatch.com - Top Stories | 12 Apr 2010 | 12:34 am

Air NZ climbs but NZ market flat

The New Zealand sharemarket was little changed today even though Wall Street had a strong finish on Friday.Risk appetite dissipated on markets after eurozone nations agreed on Sunday to offer loans to Greece if it asked for the...
Source: nzherald.co.nz - Business | 12 Apr 2010 | 12:26 am

NZ dollar rises to 11-week high

The New Zealand dollar reached its highest level against the greenback in 11 weeks as risk appetite improved, but it ended the day off its best level.Around 5pm today the NZ dollar was buying US71.60c from US71.86c at 8am, which...
Source: nzherald.co.nz - Business | 11 Apr 2010 | 11:59 pm

IATA chief says more airline mergers a must

TOKYO (Reuters) - Further mergers among airlines are essential in order to cut costs and improve competitiveness in an industry seen sustaining combined losses of $2.8 billion this year, the head of airline industry body IATA said on Monday.

Source: Reuters: Business News | 11 Apr 2010 | 11:56 pm

The real reason IFAs warmed to Anthony Bolton's China fund

Anthony Bolton's China Special Situations fund has raised £460m, the best investment trust launch for 16 years.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Apr 2010 | 11:49 pm

Euro jumps as traders welcome Greek rescue

The euro soared in early trading on Monday as traders welcomed a rescue package for Greece.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Apr 2010 | 11:41 pm

U.S. bailout cost seen lower at $89 billion: report

NEW YORK (Reuters) - The government's bailout of the financial system is expected to cost $89 billion, much lower than earlier projections, the Wall Street Journal reported on Sunday, citing Treasury Department officials.

Source: Reuters: Business News | 11 Apr 2010 | 11:19 pm

AIG unit, Goldman unwind CDS positions: source

NEW YORK (Reuters) - American International Group Inc realized a loss of up to $2 billion last year as its Financial Products unit ended most of its remaining trades with Goldman Sachs Group Inc , a source familiar with the matter said on Sunday.

Source: Reuters: Business News | 11 Apr 2010 | 11:17 pm

Dragons' Den row erupts as Duncan Bannatyne refuses to invest with James Caan

Temperatures are rising in Dragons' Den even before filming for the eighth series of the popular BBC2 show starts next week.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Apr 2010 | 10:51 pm

What happens to petrol prices when the economy starts motoring again?

"A weak currency arises from a weak economy which in turn is the result of a weak government." It was a simple equation trotted out by now-Prime Minister Gordon Brown when in the opposition party during the 1990s.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Apr 2010 | 10:46 pm

Tech earnings look strong, but may not satisfy

SEATTLE (Reuters) - Investors are expecting strong quarterly results from major U.S. technology companies over the next few weeks, but a stronger dollar and elevated expectations could mute any effects on stocks.

Source: Reuters: Business News | 11 Apr 2010 | 10:43 pm

Rail strike negotiations resume

Negotiations to resolve disputes between rail maintenance workers and Network Rail will resume later.
Source: BBC News | Business | World Edition | 11 Apr 2010 | 10:25 pm

NY state sees "deep well" of UBS client tax cases

NEW YORK (Reuters) - New York state could glean considerable sums from UBS clients who have evaded taxes by hiding money in offshore accounts once the federal government starts handing over its data to the states, a New York state tax official said.

Source: Reuters: Business News | 11 Apr 2010 | 10:15 pm

The Case for Higher Stock Prices (Pundit Watch)

Some experts think the slow recovery will be good for the market.

Source: SmartMoney.com | 11 Apr 2010 | 10:00 pm

Is There a Wrong Year to Give to Charity?

VIDEO: With taxes expected to rise, some may wait to donate.

Source: SmartMoney.com | 11 Apr 2010 | 10:00 pm

10 Things Drug Companies Won't Say (10 Things)

Drug makers spend billions a year on promotions. How good is their information?

Source: SmartMoney.com | 11 Apr 2010 | 10:00 pm

Mirant, RRI Energy merge in $1.61 billion deal to create one of the largest US power producers

Source: L.A. Times - Business | 11 Apr 2010 | 9:16 pm

Accountants to blame, say Feltex Five

The five former directors of Feltex Carpets are blaming their accountants for irregularities in financial statements.The Registrar of Companies has laid criminal charges against former chief executive, Peter Hunter, Peter Thomas,...
Source: nzherald.co.nz - Business | 11 Apr 2010 | 8:50 pm

JGB futures slip, positions trimmed as Nikkei rises (Reuters)

Reuters - Japanese government bond futures slipped on Monday as participants trimmed their positions on a rise in Tokyo shares and ahead of an upcoming 30-year debt auction.
Source: Yahoo! News: Stock Markets News | 11 Apr 2010 | 8:30 pm

Govt waits to claim 'big win' for apple growers

The Government is declining to confirm that the World Trade Organisation's (WTO) interim panel report on Australia's non-tariff trade barriers to New Zealand pipfruit is a big win for local growers.The trans-Tasman political newsletter...
Source: nzherald.co.nz - Business | 11 Apr 2010 | 8:30 pm

Plastic cards got a good workout in March

Pre-Easter spending combined with an extra weekend shopping day made March a busy month for electronic transactions, according to payments provider Paymark.The value of Paymark transactions throughout March increased by 4.8 per...
Source: nzherald.co.nz - Business | 11 Apr 2010 | 8:30 pm

Sth Canty release new prospectus

South Canterbury Finance is getting "back in the market" with a new prospectus registered today after increasing the size of its reported interim loss.The finance company's audited accounts for the six months to December 31 show...
Source: nzherald.co.nz - Business | 11 Apr 2010 | 8:15 pm

Law 'could not stop Cadbury deal'

Labour's manifesto pledge to introduce powers to restrict takeovers could not have stopped the Cadbury buyout, the BBC understands.
Source: BBC News | Business | World Edition | 11 Apr 2010 | 7:35 pm

Chinese watchdog eyes local loan books

The top Chinese banking regulator said special investment companies created by local government authorities to make loans were his main concern
Source: Financial Times - US homepage | 11 Apr 2010 | 7:23 pm

What 10% Mortgage Rates Do To Housing

Mortgage rates moved above 5% last week and many economists expect the number to rise above 6% by the end of the year. “It certainly will make it harder for people to buy homes,” said Dean Baker, an economist and co-director of the Center for Economic and Policy Research. The Fed stopped buying mortgage-backed securities last [...]

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Source: 24/7 Wall St. | 11 Apr 2010 | 7:04 pm

OceanaGold shares lift on Reefton mine

OceanaGold shares rose as much as 20c at $3.60 after the gold miner said it has identified a number of extensions to the gold mineralisation at its Reefton gold mine.The share price has risen from $3 on March 31. It was up 10c...
Source: nzherald.co.nz - Business | 11 Apr 2010 | 7:00 pm

Newspapers can make money online, says Google CEO

WASHINGTON - Google Chief Executive Eric Schmidt told a group of editors that he is confident that newspapers will find new ways to make money online by harnessing the vast reach of the internet.Media executives have accused Google...
Source: nzherald.co.nz - Business | 11 Apr 2010 | 7:00 pm

Hackers Break Into New Apple’s New iPhone Software

The new Apple (AAPL) iPhone operating system, known as OS 4.0, was only introduced two days ago. Hackers have already broken into the system so that they can run pirated software on the handset. According to Apple Insider, “A hacker from the iPhone Dev Team who goes by the handle MuscleNerd uploaded on Friday a video of [...]

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Source: 24/7 Wall St. | 11 Apr 2010 | 6:58 pm

International guest nights up in February

Overseas visitors spent 1.7 million guest nights in commercial accommodation in February - up 94,000 or 6 per cent from a year earlier but still 130,000 or 7 per cent down on February 2008.The Statistics New Zealand (SNZ) data...
Source: nzherald.co.nz - Business | 11 Apr 2010 | 6:17 pm

Fake hospital visits, gangsters and legal action - Fujitsu in an 'un-Japanese' mess

An acrimonious spat in the boardroom of Fujitsu has plunged one of Japan’s most revered companies into an innuendo-laden pantomime of manipulative powerbrokers, fake hospital visits, lawsuits and alleged associations with yakuza gangsters.


Source: Latest Business News from Times Online | 11 Apr 2010 | 6:01 pm

I’m paid too much, says police chief, and so are lots of other public service bosses

The pay packages of public sector chief executives are unjustifiable, irresponsible and must be reined in, according to one of Britain’s top police officers. Writing in The Times today, Sir Norman Bettison, the Chief Constable of West Yorkshire, said that his £213,000 salary and pension package was too large.


Source: Latest Business News from Times Online | 11 Apr 2010 | 6:01 pm

Mitchells & Butlers rejects suitors seeking All Bar One chain

Mitchells & Butlers, the pub and restaurant operator, has rebuffed preliminary approaches from a number of private equity firms keen to buy its Browns and All Bar One chains.


Source: Latest Business News from Times Online | 11 Apr 2010 | 6:01 pm

Don’t mess with the euro, says Greece as rescue deal is agreed

Eurozone countries agreed yesterday to offer Greece up to €30 billion this year at well below the market rate in their latest attempt to tackle the debt crisis that has undermined confidence in the euro.


Source: Latest Business News from Times Online | 11 Apr 2010 | 6:01 pm

I’m not worth £213,000. This wage bill is mad

There is one universal truth in a free market economy — Micawber’s law: Annual income £20, annual expenditure £20 and sixpence, result misery. If, in private industry, employees are paid at a rate that cannot be sustained by sales, something will give. If that industry has enjoyed a period of sustained growth and prosperity and then the market changes, no one expects the sympathies of the liquidator. Remuneration is linked to what the market will stand.


Source: Latest Business News from Times Online | 11 Apr 2010 | 6:01 pm

Freddy Shepherd hopes to bring shipyards back to life as wind turbine factories

Freddy Shepherd, the controversial former owner of Newcastle United Football Club, could be about to make another fortune if Tyneside becomes the manufacturing centre of the coming boom in offshore wind farms.


Source: Latest Business News from Times Online | 11 Apr 2010 | 6:01 pm

If you want young people in politics, tweeting comes too

Show me a normal 24-year-old who hasn’t jokingly referred to the elderly as “coffin dodgers” or similar, politicians they dislike as “t***s” and generally made a fool of themselves — and I’ll eat my keyboard.
Source: Latest Business News from Times Online | 11 Apr 2010 | 6:01 pm

Crafar farm fined over effluent

A Crafar family farm at Scotts Ferry, 20km east of Palmerston North, has been fined $40,000 for wrongly discharging effluent.A judge fined the Crafar family company in Palmerston North District Court today after convicting it...
Source: nzherald.co.nz - Business | 11 Apr 2010 | 5:21 pm

More than 200,000 jobless hope for an extension

More than 200,000 jobless Americans are anxiously waiting for the Senate to restore their extended unemployment insurance.
Source: Business and financial news - CNNMoney.com | 11 Apr 2010 | 4:56 pm

Will Labour's 'Cadbury's Law' lead to protectionism and harm Britain's businesses?

When the French government declared Danone, the yogurt maker, a "strategic industry" to dissuade an unwanted takeover approach, the howls of laughter from the City of London were unrestrained.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Apr 2010 | 4:25 pm

Eurozone agrees 30bn euro Greek rescue package at 5pc

EU countries to offer Greece aid at below commercial interest rates of 5pc, in order to prevent the Greek debt crisis further damaging the Euro.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Apr 2010 | 4:20 pm

Cadbury's Law is 'unworkable, costly and a threat to Britain', say City bosses

A group of leading City bosses has attacked Labour's plans for a "Cadbury's Law" to protect UK companies from foreign takeovers.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Apr 2010 | 4:20 pm

David Cameron and Kenneth Clarke 'most likely to steer British economy back to health'

Conservatives David Cameron and Kenneth Clarke voted by business leaders as being the best politicians to steer Britain back to health.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Apr 2010 | 4:20 pm

Investment banks try to cushion rule changes

Investment bankers are developing ways in which banks could circumvent the most punitive of the new capital rules being drawn up by international regulators
Source: Financial Times - US homepage | 11 Apr 2010 | 3:42 pm

Industrials get nod over OTC derivatives

Industrial companies have won recognition from European regulators that they should be granted exemptions from sweeping regulation of the over-the-counter derivatives markets
Source: Financial Times - US homepage | 11 Apr 2010 | 3:42 pm

Eurozone makes €30bn Greek promise

European officials presented the three-year package as the detailed commitment that financial markets have been demanding
Source: Financial Times - US homepage | 11 Apr 2010 | 3:40 pm

IMF offers Greece help, talks set for April 12 (Reuters)

Reuters - The International Monetary Fund is ready to contribute financing for Greece through a multi-year stand-by loan arrangement and will hold talks on the matter in Brussels on April 12, IMF Managing Director Dominique Strauss-Kahn said on Sunday.
Source: Yahoo! News: Business News | 11 Apr 2010 | 3:37 pm

Labour: No income tax rates rise

Labour's election manifesto will contain "no big new spending commitments", Cabinet minister Ed Miliband says.
Source: BBC News | Business | World Edition | 11 Apr 2010 | 3:03 pm

Strong stocks face earnings test (Reuters)

Reuters - U.S. stock investors will watch the earnings numbers flow in this week to see how much momentum the rally can get from early profit reports.

Source: Yahoo! News: Stock Markets News | 11 Apr 2010 | 2:27 pm

Car Sales In China, The Industry’s Salvation, Rise 63% In March

Car sales in China during March rose 63% to 1.26 million according to the China Association of Automobile Manufacturers. US domestic vehicles sales for the same period were 1.07 million. When trucks were included in the Chinese figure, it rose to 1.7 million. The rapid growth in the Chinese car market underscores its importance to US [...]

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Source: 24/7 Wall St. | 11 Apr 2010 | 2:03 pm

Average gas prices rise 3.8 cents in 3 weeks (AP)

AP - The average price of regular gasoline in the United States is up 3.8 cents over a three-week period to $2.85.

Source: Yahoo! News: Business News | 11 Apr 2010 | 1:11 pm

Facebook under privacy microscope

The social networking company faces the prospect of increasing scrutiny over how it makes use of its users’ personal data
Source: Financial Times - US homepage | 11 Apr 2010 | 12:17 pm

US banks in line to deliver strong results

US financial groups face high investor expectations for strong earnings growth in their first-quarter results in spite of subdued markets for equity trading and investment banking in the first three months of 2010
Source: Financial Times - US homepage | 11 Apr 2010 | 11:56 am

Has Steve Jobs gone mad?

Source: Business and financial news - CNNMoney.com | 11 Apr 2010 | 11:54 am

Tech earnings look strong, but may not satisfy (Reuters)

Reuters - Investors are expecting strong quarterly results from major U.S. technology companies over the next few weeks, but a stronger dollar and elevated expectations could mute any effects on stocks.

Source: Yahoo! News: Business News | 11 Apr 2010 | 11:33 am

Investors hone in on profits to drive stock market (AP)

AP - For stock market investors, everything outside of what companies earn is pretty much noise.
Source: Yahoo! News: Stock Markets News | 11 Apr 2010 | 10:45 am

Greece Gets 30 Billion Euro Bailout Gift

The most remarkable thing about the 30  billion euro bailout package for Greece by the euro-zone nations is the interest rate–5%. The yield on Greek sovereign debt was well over two points higher than that just last week. According to The Wall Street Journal, The finance ministers agreed Greece would pay an interest rate of around 5% for [...]

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Source: 24/7 Wall St. | 11 Apr 2010 | 10:16 am

Yuan not yawn

Currency talks beat Boao Forum boredom factor
Source: BBC News | Business | World Edition | 11 Apr 2010 | 10:02 am

Grief-stricken Poland mourns president

Poland came to a standstill as the body of Lech Kaczynski, the president was returned home to Warsaw the day after a plane crash in Russia in which he and dozens of the country’s political and military elite died
Source: Financial Times - US homepage | 11 Apr 2010 | 9:37 am

EU expected to nail down terms of Greek loans

European governments were set to nail down on Sunday the terms for possible emergency loans for debt-stricken Greece in an effort to calm investor fears that have caused the euro to plunge.
Source: RSS feed - channel BNewsBusiness | 11 Apr 2010 | 7:20 am

Million-dollar homes and gardens

Source: Business and financial news - CNNMoney.com | 11 Apr 2010 | 6:49 am

Toyota Could Have Been Fined $13.8 Billion–NHTSA

The government cap on fines that the NHTSA division of The Transportation Department can levy on any one car company for a single violation of the agency’s rules is $16.735 million. That is the fine the NHTSA will force the Japanese car company to pay for failing to disclose timely information accelerator problems on 2.4 million of its cars [...]

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Source: 24/7 Wall St. | 11 Apr 2010 | 6:31 am

Euro finance ministers to meet over Greek aid

Finance ministers of the 16 euro nations are to meet in a video conference to discuss the technical details of a financial aid package for Greece. The European Commission says Sunday's...
Source: RSS feed - channel BNewsBusiness | 11 Apr 2010 | 5:29 am

Setbacks lead China to tone down anti-US rhetoric

China is softening its recent muscular global posture, muting criticisms of the U.S. at a time of delicate negotiations with Washington and simmering economic troubles at home. The...
Source: RSS feed - channel BNewsBusiness | 11 Apr 2010 | 4:24 am

UPDATE 1-Occidental to boost Oman crude production in 2012

MUSCAT, April 11 (Reuters) - Occidental Petroleum Corp will boost its crude production in Oman by 50 percent to 150,000 barrels per day (bpd) in 2012, senior company executive Bill Albrecht said on Sunday...
Source: RSS feed - channel BNewsBusiness | 11 Apr 2010 | 4:14 am

AXA PE in talks to buy Go Voyages -paper

PARIS, April 11 (Reuters) - AXA Private Equity is in talks to buy tour operator Go Voyages from Groupe Arnault and Belgian businessman Albert Frere, Le Figaro newspaper reported.
Source: RSS feed - channel BNewsBusiness | 11 Apr 2010 | 3:31 am

Obama election-year jobs agenda stalls in Congress

Seven months before voters determine control of Congress, the election-year jobs agenda promised by President Barack Obama and Democrats is running out of steam. That's because Democrats
Source: RSS feed - channel BNewsBusiness | 11 Apr 2010 | 2:33 am