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Mortgage lending rises but market is ‘subdued’Gross mortgage lending rose by 24 per cent between February and March, but the market is still “quiet and subdued”, according to the Council of Mortgage Lenders. Source: Latest Business News from Times Online | 19 Apr 2010 | 4:37 am Goldman case ripples across marketsFinancial stocks and commodities fall amid shock from US government’s fraud accusation against Wall Street banking behemoth as traders shun riskSource: Financial Times - US homepage | 19 Apr 2010 | 4:20 am Airlines condemn 'European mess'The body representing the world's airlines criticises governments in Europe for the way they close air space because of volcanic ash.Source: BBC News | Business | World Edition | 19 Apr 2010 | 4:10 am Australia blocks $12 bln AXA Asia-Pacific bidNational Australia Bank’s A$13.29 billion ($12.2 billion) bid for AXA Asia Pacific Holdings was blocked by Australia’s competition regulator Monday on concerns it would stifle competition.
Source: MarketWatch.com - Top Stories | 19 Apr 2010 | 4:08 am Mitsubishi faces $900-mln suit, cuts outlook (AFP)
Source: Yahoo! News: Business News | 19 Apr 2010 | 4:06 am Hewitt on EuropeAsh puts new cloud over Europe's hard-up airlinesSource: BBC News | Business | World Edition | 19 Apr 2010 | 3:59 am UK sends navy to repatriate stranded BritonsGordon Brown, UK prime minister, says Royal Navy ships will be deployed to help repatriate British people stranded by the closure of UK airspace as a result of volcanic ash from IcelandSource: Financial Times - US homepage | 19 Apr 2010 | 3:57 am Paul Walker to stand down as Sage chiefSage chief executive Paul Walker is to stand down from the British business software and services company after 16 years at the helm.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Apr 2010 | 3:56 am Toyota Will Pay $16 Million Fine, But Guilt Gets DodgedAccording to many media sources, Toyota Motor Corporation (NYSE: TM) will pay the $16.4 million penalty levied on it for not disclosing sticking pedal information which eventually caused the company to recall millions of its cars. The odd part of its acceptance of the fine is that Toyota will not admit that it did anything [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Apr 2010 | 3:54 am Indications: U.S. stock futures drop as Goldman shock continuesU.S. stock futures point lower Monday as the shock waves from the Goldman Sachs fraud allegation continue with results from rival Citigroup on tap, while Europe remains enmeshed in an aviation crisis due to the volcano eruption in Iceland.
Source: MarketWatch.com - Top Stories | 19 Apr 2010 | 3:52 am Greece: Germany Stays AmbivalentGermany’s Chancellor Angela Merkel cannot make up here mind about the bailout of Greece. That is probably for a reason that his been well-articulated. The German people do not want to help weak economies by putting the nation’s money at risk. Merkel also wants to be re-elected. Germany’s iron lady has several rocks to lean on if she [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Apr 2010 | 3:49 am Shanghai slumps 4.8% as Asian markets splash redChina's benchmark index Monday falls 4.8%, suffering its biggest percentage drop this year.
Source: MarketWatch.com - Top Stories | 19 Apr 2010 | 3:45 am Wall Street in subprime trouble againJust when Wall Street thought it had put its subprime troubles behind it.Source: Business and financial news - CNNMoney.com | 19 Apr 2010 | 3:43 am Wall Street futures signal falls; Citi, IBM earnings eyed(Reuters) - Stocks futures fell on Monday, pointing to a weaker start for Wall Street, on lingering concerns over fraud charges against Goldman Sachs weighing on investor sentiment.
Source: Reuters: Business News | 19 Apr 2010 | 3:40 am Spanish house prices fall 4.5% in first quarterHouse prices in Spain fall 4.5% on an annual basis, which is less steep than has been seen in prior periods.
Source: MarketWatch.com - Top Stories | 19 Apr 2010 | 3:40 am Viacom says CEO gets 40 percent jump in base salary(Reuters) - Viacom Inc Chief Executive Officer Philippe Dauman received a 40 percent hike in his annual base salary to $3.5 million, effective January 1, 2010, a regulatory filing showed.
Source: Reuters: Business News | 19 Apr 2010 | 3:39 am Ash flight rightsPassengers rights if flights hit by the Icelandic ash cloudSource: BBC News | Business | World Edition | 19 Apr 2010 | 3:37 am Greek bail-out teams face hard balancing actAs officials from the EU and IMF work on preparing a rescue package for Greece, recent history provides both an inspirational story and a cautionary taleSource: Financial Times - US homepage | 19 Apr 2010 | 3:36 am Philips Q1 beats expectations, shares at 23-mnth highAMSTERDAM (Reuters) - Dutch Philips Electronics on Monday reported first-quarter operating profit above the most optimistic forecast, driven by its lighting unit and cost cuts, sending shares to a 23-month high.
Source: Reuters: Business News | 19 Apr 2010 | 3:31 am World stocks fall amid Goldman case, China measure (AP)
Source: Yahoo! News: Stock Markets News | 19 Apr 2010 | 3:31 am World stocks fall amid Goldman case, China measure (AP)
Source: Yahoo! News: Business News | 19 Apr 2010 | 3:31 am In Asia, Goldman clients stay loyal for now (Reuters)Reuters - For now, clients of Goldman Sachs are standing behind the bank after the top U.S. securities regulator slapped charges against the Wall Street powerhouse over its marketing of a subprime mortgage product.Source: Yahoo! News: Business News | 19 Apr 2010 | 3:30 am In Asia, Goldman clients stay loyal for nowHONG KONG (Reuters) - For now, clients of Goldman Sachs are standing behind the bank after the top U.S. securities regulator slapped charges against the Wall Street powerhouse over its marketing of a subprime mortgage product.
Source: Reuters: Business News | 19 Apr 2010 | 3:30 am Big week ahead on Wall StreetThe first-quarter reporting period kicks into high gear this week, even as investors continue to mull the ramifications of Goldman Sachs' fraud charge and the latest batch of readings on the recovery.Source: Business and financial news - CNNMoney.com | 19 Apr 2010 | 3:27 am Sage boss to leave after 16 yearsOne of the longest-serving chief executives in the FTSE 100 has confirmed he is to stand down after 16 years at the helm.Source: BBC News | Business | World Edition | 19 Apr 2010 | 3:26 am Stocks set for sharp dropU.S. stocks were poised to tumble at the start of trading Monday, as investors remained rattled about fraud charges brought against Goldman Sachs and awaited more corporate earnings.Source: Business and financial news - CNNMoney.com | 19 Apr 2010 | 3:23 am The IMF Says Global Economy Is On FireThe IMF said that the growth of the global economy is heating up and that worldwide GDP will be 4% this year. Last October the estimate was as low as 3.1%. China, of course, is at the lead with anticipated improvement in GDP of 10%. As the world’s second or third largest economy, its influence [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Apr 2010 | 3:21 am London Markets: Tour operators, airlines lose ground in FTSE 100Tui Travel and Thomas Cook, along with airline British Airways, underperform in the top British share index on Monday, as investors continue to try and factor in the financial impact of disruption from a volcanic ash cloud drifting over Europe.
Source: MarketWatch.com - Top Stories | 19 Apr 2010 | 3:19 am Axa Asia Pacific takeover blockedAustralia's competition watchdog blocks a takeover bid for Axa Asia Pacific by National Australia Bank and French insurer Axa.Source: BBC News | Business | World Edition | 19 Apr 2010 | 3:07 am Mortgage lending up 24pcMortgage lending rose 24pc in March to an estimated £11.5 billion.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Apr 2010 | 3:00 am Mortgage lending jumps in MarchMortgage lending jumped to £11.5bn in March, a 24% rise from February, the Council of Mortgage Lenders says.Source: BBC News | Business | World Edition | 19 Apr 2010 | 2:59 am Ash chaos costing TUI £5m a dayTUI Travel, Europe's biggest travel operator, says the disruption caused by the volcanic ash has cost it about £20m.Source: BBC News | Business | World Edition | 19 Apr 2010 | 2:55 am Goldman case reverberates across global markets09:45 BST. The shock from the US government's accusation of fraud against banking behemoth Goldman Sachs continued to reverberate across global markets on Monday. The FTSE All-World equity index...Source: RSS feed - channel BNPaperBusiness | 19 Apr 2010 | 2:53 am Philips' quarterly results beat expectationsProfit returns to Philips on the back of a strong recovery in emerging markets and solid demand for its lighting products.
Source: MarketWatch.com - Top Stories | 19 Apr 2010 | 2:51 am Oil plunges below $82 on volcano, Goldman jitters (AP)
Source: Yahoo! News: Business News | 19 Apr 2010 | 2:44 am Wall Street futures signal falls; Citi, IBM earnings eyed (Reuters)
Source: Yahoo! News: Stock Markets News | 19 Apr 2010 | 2:31 am IATA attacks 'inadequate' European reponse to volcanic ash cloud travel banThe International Air Transport Association (IATA) said European governments' response to the volcano crisis was inadequate and estimated its economic impact to be greater than the 2001 September 11 attacks.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Apr 2010 | 2:24 am LCD makers' outlook improves on strong TV demandSEOUL (Reuters) - Top Asian LCD makers are set to report upbeat quarterly results and may forecast robust demand as buoyant TV sales and new product launches such as Apple's iPad reinforce a recovery in the sector.
Source: Reuters: Business News | 19 Apr 2010 | 2:24 am Financial reform: Senate is readyWith a weekend push from President Obama and the SEC charges against Goldman Sachs in the background, Democrats plan to start debating the Wall Street reform bill in the Senate this week, even as Republicans continue to say they oppose the bill.Source: Business and financial news - CNNMoney.com | 19 Apr 2010 | 2:07 am Europe Markets: Losses for banks, airlines weigh in EuropeEuropean shares traded lower on Monday, with banks still jittery after a fraud allegation against Goldman Sachs and airlines falling sharply after a fifth day of disruption across Northern Europe.
Source: MarketWatch.com - Top Stories | 19 Apr 2010 | 2:04 am Currencies: Dollar gains against most rivals, slips vs. yenThe yen is the winner in Asian trading Monday, but the dollar gains on other major rivals in the wake of Friday’s news that the U.S. Securities and Exchange Commission has charged Goldman Sachs with defrauding investors.
Source: MarketWatch.com - Top Stories | 19 Apr 2010 | 2:02 am Volcanic chaos will cost TUI Travel £6m a dayThe disruption from Iceland’s volcanic ash cloud will cost Tui Travel up to £6 million a day, the tour operator said today, as it confirmed 100,000 of its customers are stranded overseas. Source: Latest Business News from Times Online | 19 Apr 2010 | 2:01 am 8 visionaries leading their industriesIn a time when business is rebuilding, Fortune set out to spot those who will lead their industries in the years ahead. We polled writers, editors and sources to come up with the inaugural list. Here are 8 leaders who see far beyond the borders of their jobs or organizations.Source: Business and financial news - CNNMoney.com | 19 Apr 2010 | 2:00 am Volcanic ash continues to shutter Europe air spaceMuch of Northern European air space is shut for a fifth day Monday as airlines mount an increasingly aggressive campaign for traffic to resume.
Source: MarketWatch.com - Top Stories | 19 Apr 2010 | 1:58 am Goldman fraud case rattles investors (Reuters)
Source: Yahoo! News: Stock Markets News | 19 Apr 2010 | 1:57 am Sage chief executive to leave after 16 yearsThe chief executive of FTSE 100 software developer Sage is to stand down, it was confirmed this morning. Source: Latest Business News from Times Online | 19 Apr 2010 | 1:55 am Banks and travel stocks cast shadow over FTSELondon equities continued to fall on Monday, extending the steep losses seen in the financial sector around the world after US regulators charged Goldman Sachs with fraud. Banking stocks fell further...Source: RSS feed - channel BNPaperBusiness | 19 Apr 2010 | 1:54 am The Buzz: Three cheers for the SEC!The SEC showed some major teeth Friday. It's about time. And hopefully this won't be the last time the agency bares its fangs.Source: Business and financial news - CNNMoney.com | 19 Apr 2010 | 1:51 am Media Digest 4/19/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: Goldmand Sachs Group, Inc (NYSE: GS) are standing behind the company. Reuters: Chinas said the chances of the yuan rising are more likely. Reuters: Toyota Motor (NYSE: TM) is expect to pay it $16.4 billion fine. Reuters: 3D TV is the new competition is the competition among screen makers. Reuters: A senior government economist said it is too [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 19 Apr 2010 | 1:51 am Finding good buys in tough industriesYou've probably been told to keep things simple when it comes to managing your portfolio. And that's typically good advice. Yet I'm reminded of that famous quote from Albert Einstein, who said, "Make everything as simple as possible -- but not simpler."Source: Business and financial news - CNNMoney.com | 19 Apr 2010 | 1:49 am Goldman Sachs: the bank that thought it ruled the worldGoldman Sachs was 'doing God's work' - but it is now being investigated for fraud. Harry Wilson reports.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Apr 2010 | 1:43 am Toyota forced into new recall over safety fearsToyota’s US operations suffered another setback over the weekend as the company said it was recalling 600,000 Sienna minivans. Source: Latest Business News from Times Online | 19 Apr 2010 | 1:42 am Futures Movers: Oil futures drop to three-week low under $82The front-month contract for crude-oil futures falls below $82 per barrel on Globex, extending recent declines to touch its lowest level in three weeks.
Source: MarketWatch.com - Top Stories | 19 Apr 2010 | 1:36 am Minister: Finland does not need new nuclear plants (AFP)
Source: Yahoo! News: Business News | 19 Apr 2010 | 1:34 am Toyota to pay $16.4 million fine - sourceThe Toyota Motor Corp. has indicated to the U.S. government it will pay a $16.4 million fine -- the largest ever against an automaker -- for failing to notify the Department of Transportation of a "sticky pedal" defect in its cars for at least four months, according to a senior Transportation Department official.Source: Business and financial news - CNNMoney.com | 19 Apr 2010 | 1:34 am Toyota set to agree on record fine, AP source says (AP)
Source: Yahoo! News: Business News | 19 Apr 2010 | 1:32 am Volcanic ash cloud costs First Choice owner TUI £20mTUI shares hit as travel ban due to the volcanic ash cloud over Europe costs the First Choice owner £20m so far.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Apr 2010 | 1:26 am Pilots call for airline bail-outBritish pilots call for a banking-style rescue of the UK airline industry, which has been ground to a halt by a volcanic ash cloud.Source: BBC News | Business | World Edition | 19 Apr 2010 | 1:24 am Thousands mourn as Poland buries its presidentPresident Obama and most of western Europe were kept away from the state funeral of the Polish president and his wife by air traffic restrictionsSource: Financial Times - US homepage | 19 Apr 2010 | 1:21 am Australian stocks fall after airline worriesThe Australian share market closed lower on Monday taking its lead from United States markets, which fell after Wall Street's most powerful firm, Goldman Sachs & Co, was accused by the US government of misleading investors.Investors...Source: nzherald.co.nz - Business | 19 Apr 2010 | 1:13 am Spirit Airlines' carry-on fee prompts backlashAlso: Cellphones that smell danger are in the works, and good news for depressed pilots.Ever since Spirit Airlines Inc. announced this month that it would add a fee of up to $45 per carry-on bag, the airline's chief executive, Ben Baldanza, has been trying to quell the resulting outrage.
Source: L.A. Times - Business | 19 Apr 2010 | 1:00 am Toyota agrees to pay fine for delaying disclosure of gas pedal defectsIt's not clear whether the penalty includes an admission by Toyota that it violated the law. Toyota will agree...Source: RSS feed - channel BNPaperBusiness | 19 Apr 2010 | 1:00 am Firms find cost of earthquake insurance too big a joltMany forgo coverage because of the high premiums and deductibles. Like small-business owners across Southern California,...Source: RSS feed - channel BNPaperBusiness | 19 Apr 2010 | 1:00 am Dish Network to offer Epix movie channelEpix's first national distribution deal doubles its availability. Dish will offer the pay-TV channel as part of an HD package. ...Source: RSS feed - channel BNPaperBusiness | 19 Apr 2010 | 1:00 am Dinner is the theater as food paparazzi convergeSerious foodies and casual diners are bringing restaurant creations home in photos. They are also causing problems that some chefs find hard to swallow. ...Source: RSS feed - channel BNPaperBusiness | 19 Apr 2010 | 1:00 am Stock investors' optimism is more fragile, Goldman Sachs effect showsGoldman, Sachs & Co. has reminded investors that the stock market can still go down.
Source: L.A. Times - Business | 19 Apr 2010 | 1:00 am Dish Network to offer Epix movie channelEpix's first national distribution deal doubles its availability. Dish will offer the pay-TV channel as part of an HD package.Fledging movie channel Epix continues to slowly gain traction, landing its first national distribution contract with Dish Network Corp.
Source: L.A. Times - Business | 19 Apr 2010 | 1:00 am Dinner is the theater as food paparazzi convergeSerious foodies and casual diners are bringing restaurant creations home in photos. They are also causing problems that some chefs find hard to swallow.The paparazzi target wasn't hard to find: The star smelled distinctly of fish.
Source: L.A. Times - Business | 19 Apr 2010 | 1:00 am Stock investors' optimism is more fragile, Goldman Sachs effect showsGoldman, Sachs & Co. has reminded investors that the stock market can still go down.Source: RSS feed - channel BNPaperBusiness | 19 Apr 2010 | 1:00 am Spirit Airlines' carry-on fee prompts backlashAlso: Cellphones that smell danger are in the works, and good news for depressed pilots. Ever since Spirit Airlines...Source: RSS feed - channel BNPaperBusiness | 19 Apr 2010 | 1:00 am Firms find cost of earthquake insurance too big a joltMany forgo coverage because of the high premiums and deductibles.Like small-business owners across Southern California, Hilario Sanchez knows all too well the shaking, the damage and, of course, the inevitable cleanup after an earthquake.
Source: L.A. Times - Business | 19 Apr 2010 | 1:00 am Long Beach Grand Prix is a 'marketing megaphone' for the cityThe race brings hordes of fans who pump up the local economy -- and national TV coverage, which helps the city attract more tourists.Two dozen racing machines zoomed past the grandstands along Long Beach's Shoreline Drive on Sunday, showcasing more than enough horsepower to tow the nearby 91,000-ton Queen Mary out of its mooring.
Source: L.A. Times - Business | 19 Apr 2010 | 1:00 am The Week AheadTODAY
Source: L.A. Times - Business | 19 Apr 2010 | 1:00 am Getting gardening firm off the ground takes nurturingDear Karen: Can you give me some tips for starting a gardening business?
Source: L.A. Times - Business | 19 Apr 2010 | 1:00 am Getting gardening firm off the ground takes nurturingDear Karen: Can you give me some tips for starting a gardening business?Source: RSS feed - channel BNPaperBusiness | 19 Apr 2010 | 1:00 am The Week AheadTODAYSource: RSS feed - channel BNPaperBusiness | 19 Apr 2010 | 1:00 am NZ sharemarket takes a tumbleThe New Zealand sharemarket fell today along with markets in Asia after investors took profits in the United States when fraud charges were laid against Goldman Sachs and earnings reports disappointed.The benchmark NZX-50 index...Source: nzherald.co.nz - Business | 19 Apr 2010 | 12:59 am Philips profits continue reboundGlobal electronics giant Philips has reported profitable quarter as it continues to recover from the recession.Source: BBC News | Business | World Edition | 19 Apr 2010 | 12:46 am City no longer hogs prize assetsExchange-traded funds (ETFs) celebrated their 10th birthday last weekSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Apr 2010 | 12:19 am With a 15% Increase Over Q1 2009, Al Rajhi Bank Achieves Net Profit of SR 1,684 Million in Q1 2010Source: RSS feed - channel BNewsBusiness | 19 Apr 2010 | 12:19 am Energy bills confuse 70pc of customersDo you struggle to understand your energy bill? You are not alone.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Apr 2010 | 12:15 am UPDATE 1-Novartis buys generics firm OrielZURICH, April 19 (Reuters) - Swiss drugmaker Novartis AG bought privately held U.S. company Oriel Therapeutics to boost its generics portfolio, targeting the multi-billion market for drugs against respiratory...Source: RSS feed - channel BNewsBusiness | 19 Apr 2010 | 12:14 am Thai troops block route of planned marchAuthorities deploy hundreds of soldiers near the main encampment of anti-government protesters in central Bangkok, blocking the route of a march into the business district and raising fears of renewed clashesSource: Financial Times - US homepage | 19 Apr 2010 | 12:05 am Toyota expected to agree fine over sticking accelerator pedalJapanese carmaker is expected to agree to a record fine for failing to promptly report problems with its accelerator pedals.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Apr 2010 | 12:04 am Rightmove Reports Average UK Asking Price up 2.6% to 235,512 pounds Sterling, as Cash and Supply Over-Ride Pre-Election JittersSource: RSS feed - channel BNewsBusiness | 19 Apr 2010 | 12:00 am Asian markets fall as Goldman charges hit financial stocksAsian markets fell in early trading on Monday as financial stocks tumbled amid news of fraud charges against Goldman Sachs.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Apr 2010 | 11:58 pm China says yuan appreciation expectations risingBEIJING (Reuters) - China might see increased foreign exchange inflows this year as expectations of yuan appreciation mount, the State Administration of Foreign Exchange (SAFE) said on Monday.
Source: Reuters: Business News | 18 Apr 2010 | 11:56 pm China says yuan appreciation expectations risingBEIJING (Reuters) - China might see increased foreign exchange inflows this year as expectations of yuan appreciation mount, the State Administration of Foreign Exchange (SAFE) said on...Source: RSS feed - channel BNewsBusiness | 18 Apr 2010 | 11:56 pm Volcanic ash cloud: a journey from Tokyo to London to rememberOn paper, the journey looked reasonably straightforward: the Shinkansen bullet train from Nagoya to Tokyo; the Narita express to the airport; Air France to Paris and a short onward hop to London.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Apr 2010 | 11:56 pm Life after CorusEx-Corus workers go it alone and set up businessesSource: BBC News | Business | World Edition | 18 Apr 2010 | 11:53 pm Toyota expected to pay $16.4 million U.S. fine: sourceWASHINGTON (Reuters) - Toyota Motor Corp has agreed to pay a record $16.4 million fine to U.S. safety regulators in response to the government's claim that it knowingly delayed a massive accelerator pedal recall in January, a government official said.
Source: Reuters: Business News | 18 Apr 2010 | 11:49 pm NZ dollar falls vs greenback, yenThe New Zealand dollar consolidated at lower levels today after the United States Securities and Exchange Commission charged leading investment bank Goldman Sachs with fraud, prompting investors to seek refuge in the safe haven currencies.The...Source: nzherald.co.nz - Business | 18 Apr 2010 | 11:42 pm Philips beats expectationsAMSTERDAM (Reuters) - Dutch Philips Electronics warned markets were still uncertain despite reporting first-quarter operating profit above the most optimistic expectations fueled by its...Source: RSS feed - channel BNewsBusiness | 18 Apr 2010 | 11:28 pm Brighter skies haven't yet helped airline profits (AP)
Source: Yahoo! News: Business News | 18 Apr 2010 | 11:23 pm Stocks, commodities slip as profit taking sets inSYDNEY (Reuters) - Asian stocks and commodities fell on Monday as fraud charges against Goldman Sachs, disappointing company earnings and a surprise drop in U.S. consumer sentiment gave...Source: RSS feed - channel BNewsBusiness | 18 Apr 2010 | 10:42 pm Dish Network agrees to carry Epix movie channel (AP)AP - Dish Network subscribers will have available to them some of the latest movies from three major Hollywood studios when Epix becomes one of their channel choices this month.Source: Yahoo! News: Business News | 18 Apr 2010 | 10:41 pm Time not ripe for China to end dollar peg: adviserBEIJING (Reuters) - The conditions are not ripe for China to unshackle the yuan from its 21-month-old peg to the dollar, a senior government economist said in comments published on Monday.Source: RSS feed - channel BNewsBusiness | 18 Apr 2010 | 10:39 pm United broaches alliance with US, Continental: sourcesNEW YORK (Reuters) - United Airlines is continuing separate merger talks with US Airways and Continental Airlines, and has also discussed the option of deepening a three-way marketing...Source: RSS feed - channel BNewsBusiness | 18 Apr 2010 | 10:28 pm United broaches alliance with US, Continental: sourcesNEW YORK (Reuters) - United Airlines is continuing separate merger talks with US Airways and Continental Airlines, and has also discussed the option of deepening a three-way marketing alliance between the carriers absent a merger, people familiar with the matter said.
Source: Reuters: Business News | 18 Apr 2010 | 10:28 pm Q+A-Australian PM Rudd's health reform fightCANBERRA, April 19 (Reuters) - Australian Prime Minister Kevin Rudd began difficult talks with state leaders on Monday to convince them to accept his health reform proposals, with failure threatening Rudd's...Source: RSS feed - channel BNewsBusiness | 18 Apr 2010 | 10:19 pm Brighter skies haven't yet helped airline profitsFares are higher, demand is up and the airlines have established a steady revenue stream from add-on fees for baggage, pillows and food. That formula is moving the industry back toward...Source: RSS feed - channel BNewsBusiness | 18 Apr 2010 | 10:09 pm Retire Cash-Rich: The Annuity Option (Magazine Cover)Find out how to use annuities to help rescue your nest egg.
Source: SmartMoney.com | 18 Apr 2010 | 10:00 pm Retire Cash-Rich: CDs With a Kick (Magazine Cover)We offer help finding CDs that might pay more than a mere pittance.
Source: SmartMoney.com | 18 Apr 2010 | 10:00 pm Retire Cash-Rich: Trimming Taxes (Magazine Cover)Find out how to slash taxes and fees on your retirement portfolio.
Source: SmartMoney.com | 18 Apr 2010 | 10:00 pm Retire Cash-Rich: Investing Overseas (Magazine Cover)Investing in foreign stocks can help turn your portfolio into a cash cow.
Source: SmartMoney.com | 18 Apr 2010 | 10:00 pm The Refinancing Dilemma: Should I Do It?Mortgage rates are ticking up. What to consider about refinancing now.
Source: SmartMoney.com | 18 Apr 2010 | 10:00 pm The Cash-Rich Retirement (Magazine Cover)Income-producing investments and other tips that can turn a retirement portfolio into a cash cow.
Source: SmartMoney.com | 18 Apr 2010 | 10:00 pm Best Airlines for 4 Types of Fliers (Deal of the Day)Which to fly if you have lots of baggage, want to arrive on time and more.
Source: SmartMoney.com | 18 Apr 2010 | 10:00 pm Retire Cash-Rich: Diving for Dividends (Magazine Cover)Income-producing investments that can turn your portfolio into a cash cow.
Source: SmartMoney.com | 18 Apr 2010 | 10:00 pm Top Macarthur Coal shareholder weighs Peabody bidMELBOURNE (Reuters) - U.S. miner Peabody Energy faces an uphill battle to win support for its $3.8 billion bid for Macarthur Coal from the Australian miner's board and biggest shareholder.
Source: Reuters: Business News | 18 Apr 2010 | 9:38 pm Ash cloud offers differing fortunes for exportersAn oyster farmer is worried he may have no produce to show at the seafood festival in Brussels next week with ash clouds shutting down airspace over Europe.Meteorologists from the UK have said volcanic activity in Iceland's Mt...Source: nzherald.co.nz - Business | 18 Apr 2010 | 9:37 pm Toyota expected to pay $16.4-million U.S. fineThe penalty concerns a four-month delay in telling federal authorities about defective gas pedals on its vehicles.Toyota Motor Corp. is expected to agree to a fine of more than $16 million, the largest government penalty levied against an automaker, for a four-month delay in telling federal authorities about defective gas pedals on its vehicles, a Transportation Department official said Sunday.
Source: L.A. Times - Business | 18 Apr 2010 | 8:50 pm World Bank set for capital boost, tough vote talksWASHINGTON (Reuters) - Global finance leaders face fractious talks this week on how to shift more voting power at the World Bank to emerging economic heavyweights such as China, a prelude to a bigger fight over the IMF.
Source: Reuters: Business News | 18 Apr 2010 | 8:49 pm British PM appalled by Goldman Sachs caseGoldman Sachs is facing a potential backlash in Europe over the fraud case brought against it in the United States, with Britain's Prime Minister Gordon Brown calling for authorities there to investigate and accusing the investment...Source: nzherald.co.nz - Business | 18 Apr 2010 | 8:30 pm Online job ads on the increaseThe number of jobs advertised online continued to increase over the last three months, Employment Minister Paula Bennett says.Labour Department monitoring showed listed skilled jobs increased by 8.3 per cent and job vacancies...Source: nzherald.co.nz - Business | 18 Apr 2010 | 7:40 pm Explorations prove fruitlessThe Hoki-1 oil well in deep water off the Taranaki coast has drawn a blank, with participants New Zealand Oil & Gas reporting that no significant hydrocarbon indications were intersected at the well.The well, drilled by the Kan...Source: nzherald.co.nz - Business | 18 Apr 2010 | 7:30 pm Best Buy to expand Mobile stores in U.S.: report (Reuters)Reuters - Electrical goods retailer Best Buy plans to open up to 1,000 new mobile phone shops, the Financial Times reported in its Monday edition.Source: Yahoo! News: Business News | 18 Apr 2010 | 7:09 pm Report: Countrywide Financial being probed (AP)AP - A newspaper is reporting that federal authorities are picking up the pace in a criminal investigation of former mortgage giant Countrywide Financial Corp. and its role in the meltdown in 2007 and 2008 of the U.S. housing and finance industries.Source: Yahoo! News: Business News | 18 Apr 2010 | 7:02 pm Meet the census workers at your doorSource: Business and financial news - CNNMoney.com | 18 Apr 2010 | 6:59 pm Brown in attack on Goldman SachsPressure on Goldman Saches mounted as UK prime minister Gordon Brown attacked the ‘moral bankruptcy’ revealed by the Securities and Exchange Commission’s fraud chargesSource: Financial Times - US homepage | 18 Apr 2010 | 6:50 pm Parties target youth as student vote swings to Lib DemsFirst-time voters were thrust to the heart of the election campaign yesterday amid signs of extraordinary volatility among younger members of the electorate. Source: Latest Business News from Times Online | 18 Apr 2010 | 6:01 pm Wellcome Trust injects extra funding to help Britain develop drugs of the futureThe Wellcome Trust is making new funding available to help academics, small start-up businesses and pharmaceutical companies to develop potentially life-saving drugs. Source: Latest Business News from Times Online | 18 Apr 2010 | 6:01 pm Wall Street 2The charges against Goldman Sachs threaten not only the future of the world’s pre-eminent investment bank, but also confidence in the financial services industry. Goldman Sachs vigorously denies the accusations levelled against it and one of its most successful bankers. But the charge of fraud — and the nature of the deal that the authorities have investigated — raises serious questions about modern banking. The case revives the debates at the heart of the financial crisis. Source: Latest Business News from Times Online | 18 Apr 2010 | 6:01 pm ‘I’m not about to buy small businesses – but big ones, that’s another matter'It may be a stereotype but it seems pretty unusual for a Scotsman to want to splash the cash. It’s certainly unusual for Brian Souter. Source: Latest Business News from Times Online | 18 Apr 2010 | 6:01 pm Today the high street, tomorrow the world as Tesco reveals big profitsTesco is set to reveal yet another year of record turnover and profits, capping a decade that has seen it nearly treble in size. Source: Latest Business News from Times Online | 18 Apr 2010 | 6:01 pm Britain accused of killing whales with support for hunt banThe US is urging Britain to end its opposition to a controversial plan to save thousands of whales over the next ten years by allowing commercial whaling, but with tighter international controls. Source: Latest Business News from Times Online | 18 Apr 2010 | 6:01 pm Uplift for service sectorThe service sector received another boost in expansion to record its highest result since November 2007, according to the BNZ - Business NZ Performance of Services Index (PSI).The PSI for March stood at 57.3. This was 3.6 points...Source: nzherald.co.nz - Business | 18 Apr 2010 | 6:00 pm Clinton raises prospect of ‘regional conflict’ over IranHillary Clinton, US secretary of state, has warned of the risk of regional conflict if new United Nations sanctions are not imposed on Tehran’s nuclear programmeSource: Financial Times - US homepage | 18 Apr 2010 | 5:12 pm Toyota recalls 870,000 minivansToyota has recalled another 870,000 vehicles in North America, this time over concerns that spare tyres could fall on to the road due to a corroding cableSource: Financial Times - US homepage | 18 Apr 2010 | 5:10 pm Closer eye on Huljich KiwiSaverThe Huljich KiwiSaver Scheme, which is managed by former National Party leader Don Brash, is being required to report more frequently and in more detail by the Government Actuary.The Government Actuary, David Benison, today directed...Source: nzherald.co.nz - Business | 18 Apr 2010 | 5:00 pm Sharemarket tumbles earlyThe New Zealand sharemarket tumbled in the first few minutes of trading, after equities in the United States plunged at the end of last week as fraud charges against Goldman Sachs and disappointing earnings sent investors running...Source: nzherald.co.nz - Business | 18 Apr 2010 | 4:47 pm Pru dismisses fears over defectionThe head of Prudential’s Asian operations plays down AIA takeover concerns, saying the sales agents were driven by recognition and compensationSource: Financial Times - US homepage | 18 Apr 2010 | 3:33 pm China urged to introduce ‘junk’ debtChina should introduce “junk” bonds to provide smaller private companies with new funding channels, a senior Chinese financial official saysSource: Financial Times - US homepage | 18 Apr 2010 | 2:10 pm Traders see room for a pause in stock market climb (AP)AP - Goldman Sachs & Co. reminded investors that the stock market can still go down.Source: Yahoo! News: Stock Markets News | 18 Apr 2010 | 1:08 pm Dead Celebrity Rich ListOur enduring obsession with cash and who’s got it, our love of celebrity, and macabre fascination with their death, combine splendidly in Forbes’ annual list of the Top-Earning Dead Celebrities. Satisfying a sort of pecuniary prurience, each year the publishers synonymous with wealth rate the least poor of the poor dead. Forbes reports that the collective earnings of the 13 iconic figures on the 2009 list grossed at around $866 million, but it’s more difficult to say what the list itself amounts to. Perhaps, simply, that death is lucrative. Or at least, it is when you expire with a Mondrian in the house, an unpublished novel on your hard drive, or a stake in Sony. No. 13 Andy Warhol: $6 million
Pop artist, Andy Warhol, may have coined the expression ‘15 minutes of fame’, but his continuing appearance on rich lists long after his death in 1987, proves fame can be more lasting. Last year he was helped to the No. 13 spot by the appearance of his images on a Diane von Furstenberg swimwear line, as well as the opening of a Pepe Jeans shop dedicated entirely to Warhol-inspired denims. No. 12 Aaron Spelling: $8 million
Aaron Spelling created a clutch of hit American shows with lasting appeal, including Dynasty and Starsky and Hutch. Since he died in 2006 his estate has swollen thanks, in part, to the CW Television Network’s recent airing of remakes of his shows Beverly Hills 90210 and Melrose Place. Yet for his daughter, the actress Tori Spelling, and widow, Candy, the estate has spelt trouble. According to Forbes, it has been the cause of some mother and daughter tension, or, as they put it, ‘some nasty fights’. No. 11 Jimi Hendrix: $8 million
Though the death of Jimi Hendrix in 1970 is thought to be drug related, the exact details remain unclear. More certain is the late electric guitarist’s place in rock history. In death, as in life, he has received many prestigious rock music awards, but perhaps the greatest testimony of his esteem is the ongoing sale of his records. In terms of his appearance on this list, a trademark infringement has helped. Forbes reported that the Hendrix estate, controlled by his sister, Janie, was awarded $3.2 million last year after businessman Craig Diffenback and Hendrix’s brother, Leon, created a product called Hendrix Electric Vodka. Which might have been fine, had Leon consulted his sister first. No. 10 Michael Crichton: $9 million
The prolific author, director, producer and screenwriter who penned such high-grossing works as ER, Jurassic Park and Disclosure, joined a long list of posthumously successful writers after he lost his battle to cancer in 2008. His assistant discovered his latest book, Pirate Latitudes, after his death, and Steven Spielberg wasted no time in acquiring its film rights. Crichton’s first ever published novel was Odds On: with one unfinished novel found on his hard drive at the time of his death, it’s odds on he’ll be on this list again. No. 9 Albert Einstein: $10 million
Albert Einstein once advised, ‘Try not to become a man of success, but rather a man of value.’ His regular ranking in Forbes’ ‘Lucky 13’ suggests he achieved both. The departed genius is as much a part of the collective consciousness as a McDonald’s happy meal – fitting then, that the fast food behemoth last year created an Einstein bobble-headed toy. With his estate benefiting from lending his name to a wealth of other products, as well as a recent venture into the videogames market, Einstein’s value is assured. His success is relative. No. 8 Dr Seuss: $15 million
Just as Dr Seuss’s children’s fiction could deal with some heavyweight themes, its revenue, too, packs a punch. The author of best-selling books, including Cat in the Hat and Green Eggs and Ham, has accrued masses for his estate since his death in 1991. In 2008 alone he sold 5 million books, and with a 3-D animated version of his book The Lorax – which chronicles the plight of the environment – due to hit the silver screen in 2012, his wealth isn’t about to wane. The launch this year of a new science learning series called The Cat in the Hat Knows About That will also help. No. 7 John Lennon: $15 million
Twenty-one years after the murder of John Lennon, there’s been little abatement of Beatlemania. Last year Electronic Arts and MTV Games released The Beatles: Rock Band, allowing fans to play along to a virtual version of the band, as well as download additional albums for $17. The sale last year of a re-mastered 16-disc box set further boosted the band’s earning power; the popularity of LOVE, the Las Vegas Cirque de Soleil show featuring Beatles’ music, proved that even if money can’t buy you love, LOVE can buy you money. No. 6 Charles Schulz: $35 million
Another regular on the list is Charles Schulz, creator of popular comic strip Peanuts. Long after he succumbed, his much-loved characters Charlie Brown and Snoopy lived on, most recently appearing in a line of New Balance footwear. 2009 also saw all six of the Peanuts television specials appear on a single DVD for the first time, after Warner Brothers bought the catalogue from its long-time guardians, Paramount Pictures. No. 5 J.R.R Tolkien: $50 million
J. R.R Tolkien’s books, The Hobbit and The Lord of the Rings may have imagined fictional histories and fantastical languages, but there is nothing imaginary about their appeal. Forbes cites a recently reached settlement between publisher HarperCollins and New Line Cinema over allegedly unpaid royalties from the Lord of the Rings movies, as being largely accountable for the author’s ranking last year. The release of the film The Hobbit, rumoured for 2011, may help keep the deceased author in the fellowship. No. 4 Elvis Presley: $55 million
Elvis Presley earned an incredible $55 million last year, with Forbes claiming he ‘watched his income swell’. Either they believe in an afterlife, or the King ain’t dead, in which case why is he on this list? But the fact remains, Elvis’s estate rose $3 million in 2009 thanks to admissions to Graceland and a portfolio of licensing and merchandising deals, including one with Mattel: the toy manufacturer produced a Jailhouse Rock-themed Barbie doll. What else? No. 3 Michael Jackson: $90 million
‘Nothing increases the value of an artist’s catalogue more than death.. an untimely death’, Barry Massarsky, music industry consultant, told Forbes last October. With Michael Jackson’s estate earning $90 million in the four months since the King of Pop died on June 25 2009, he’s got a point. In the weeks following his death Jackson earned millions from a hike in album and ringtone sales, and radio and music video airplay. In the future, the estate will benefit from the fact that, as well as owning the publishing rights to his own catalogue of music, Jackson had bought a stake in the Sony/ATV catalogue, which owns valuable Beatles material. His posthumous wealth is likely to be as insuperable as his place in pop history. No. 2 Richard Rogers and Oscar Hammerstein: $235 million (combined)
The songs in Rodgers and Hammerstein’s popular Broadway musicals, including Oklahoma!, South Pacific, and The King and I, are cheerful and poetic. But the tune to which they made their millions last year is the prosaic catalogue licensing fee. Imagem Music Group reportedly bought The Rodgers and Hammerstein Organization and the rights to the duo’s creations for $200 million, leaving just the ownership of the pair’s individual works still up for grabs. No. 1 Yves Saint Laurent: $350 million
Leading the dead rich pantheon is pant suit designer, Yves Saint Lauren. As well as founding his own eponymous fashion house during his lifetime, he and his partner, Pierre Berge, had created a vast personal collection of art and antiques. After Saint Lauren’s death in 2008 the collection went on sale at Christies last February, when aesthetes and art lovers flocked to buy Mondrians and Matisses they thought they’d never see. The proceeds were split between the Pierre Bergé-Yves Saint Laurent Foundation and an Aids research charity.
Source: Business Pundit | 18 Apr 2010 | 12:53 pm Germany, UK demand Goldman Sachs probe (Reuters)
Source: Yahoo! News: Stock Markets News | 18 Apr 2010 | 12:52 pm US Airlines Losing $22 Million Per Day While European Airports Remain ClosedRobert Herbst, airline analyst and founder of AirlineFinancials.com, estimates the five US passenger airlines with European operations are collectively losing $35.8 million in revenue per day since Friday, April 16 (losses for Thursday, April 15 and the start of the European shut-down are estimated at $17 million). After accounting for savings from unused fuel, landing fees not paid, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Apr 2010 | 12:10 pm Goldman, earnings may hamper stocks (Reuters)Reuters - U.S. stocks will likely hit major speed bumps this week as the bears step up pressure following fraud charges against Goldman Sachs and earnings will need to clear a high bar to give Wall Street a reprieve.Source: Yahoo! News: Stock Markets News | 18 Apr 2010 | 9:32 am Favorable ETF Trends Showing Inflows (FAS, FAZ, SPY, QQQQ, IJH, VWO, EEM, RSX, EWW, JNK, HYG, TBT)The end of this last week and weekend reviews showed how the highly volatile Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) and the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) were putting record volume for combined trading for the year 2010. After looking around at many of the weekend ETF reviews, while FAZ [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Apr 2010 | 9:07 am 20 most profitable companiesFortune 500 earnings soared, despite a seemingly feeble recovery. From Exxon Mobil to Goldman, here are the biggest winners.Source: Business and financial news - CNNMoney.com | 18 Apr 2010 | 8:14 am
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