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Obama presses BP to resolve oil slick crisisPRESIDENT Barack Obama flew to Louisiana today to increase the pressure on BP amid growing criticism of the oil giant’s efforts to contain the catastrophic spill in the Gulf of Mexico. As the slick made landfall, locals demanded it do more to protect beaches and the fishing industries. Source: Latest Business News from Times Online | 2 May 2010 | 3:00 pm Greek FM outlines harsh spending cuts (AP)
Source: Yahoo! News: Business News | 2 May 2010 | 4:12 am White House moves to blunt criticism on oil spill (AP)
Source: Yahoo! News: Business News | 2 May 2010 | 4:08 am Bristol-Myers: FDA seeks data on transplant drugBristol-Myers Squibb Co. receives the U.S. Food and Drug Administration's complete-response letter regarding its biologics-license application to market belatacept for people who've received kidney transplants.
Source: MarketWatch.com - Top Stories | 2 May 2010 | 3:59 am Greece seals rescue deal, warns sacrifices needed (Reuters)
Source: Yahoo! News: Business News | 2 May 2010 | 3:49 am Greece seals rescue deal, warns sacrifices needed (Reuters)Reuters - Greece has sealed a deal with the EU and IMF that opens the door to a multi-billion euro financial bailout but will require major sacrifices from the Greek people, Prime Minister George Papandreou said on Sunday.Source: Yahoo! News: Business News | 2 May 2010 | 3:32 am Greece seals rescue deal, warns sacrifices neededATHENS (Reuters) - Greece has sealed a deal with the EU and IMF that opens the door to a multi-billion euro financial bailout but will require major sacrifices from the Greek people, Prime Minister George Papandreou said on Sunday.
Source: Reuters: Business News | 2 May 2010 | 3:32 am Greek economy in the balanceThe Greek PM says he has agreed a bail-out deal with the EU and IMF but that the nation must make "great sacrifices".Source: BBC News | Business | World Edition | 2 May 2010 | 3:20 am Gulf Coast dreads oil spill's creep toward shores (AP)
Source: Yahoo! News: Business News | 2 May 2010 | 3:02 am Greece seals deal for financial bailoutGreece has sealed a deal with the EU and IMF that opens the door to a multi-billion euro financial bailout but will require major sacrifices from the Greek people, Prime Minister George Papandreou saidSource: Financial Times - US homepage | 2 May 2010 | 2:28 am Australia unveils mining taxCANBERRA (Reuters) - Australia's government angered its booming resources sector on Sunday by unveiling a new tax on mining projects from July 2012 under a sweeping pre-election tax overhaul which will also boost pension savings for workers.
Source: Reuters: Business News | 2 May 2010 | 2:24 am Times Square evacuated as police defuse car bombPolice tipped off by a street vendor found and defused a car bomb inside a sport utility vehicle, thwarting an “act of terrorism” that forced the evacuation of New York’s Times Square and could have killed many people, authorities saidSource: Financial Times - US homepage | 2 May 2010 | 2:08 am Car bomb in Times Square prompts evacuationTimes Square in Manhattan, one of New York’s top tourist areas, was evacuated Saturday night by the police after they found a car bomb at West 45th Street and 7th Avenue, media reports say.
Source: MarketWatch.com - Top Stories | 2 May 2010 | 1:56 am New Australian tax to hit mining stocks hard - UBSCANBERRA, May 2 (Reuters) - Australian mining stocks face a sell-off on Monday as investors digest news that the government plans to slap a 40 percent tax on their profits, investment bank UBS said after...Source: RSS feed - channel BNewsBusiness | 2 May 2010 | 1:45 am Vote result 'to impact finances'The outcome of the General Election is set to have an impact on the finances of everyone.Source: BBC News | Business | World Edition | 2 May 2010 | 1:23 am Executive session topics must be generally noted in minutes of next open meetingSpecifics of the matters addressed are confidential, but the issues themselves are not.Are titleholders entitled to see and obtain copies of the minutes of our association board's executive meetings? Are titleholders entitled to know which units our association has placed liens on because of nonpayment of dues?
Source: L.A. Times - Business | 2 May 2010 | 1:00 am For backyard-farmer companies, business is bountifulCompanies are sprouting up across the country, offering help building and maintaining backyard vegetable gardens for those who lack the time -- or green thumb -- needed to keep the crops coming. ...Source: RSS feed - channel BNPaperBusiness | 2 May 2010 | 1:00 am Age-based rental denial may not be discriminationDesignated senior housing is exempt from fair-housing laws.I read a newspaper ad for an apartment community that I thought might be a good living situation for me. But when I followed up to obtain a rental application, I was told that I was too young. I have never been told that before. Refusing to consider me seems like discrimination based on my age. Do I have a claim for discrimination?
Source: L.A. Times - Business | 2 May 2010 | 1:00 am Warren Buffett voices support for GoldmanThe businessman says he still loves his investment in the bank despite the SEC fraud suit, and praises its chief executive, Lloyd Blankfein. ...Source: RSS feed - channel BNPaperBusiness | 2 May 2010 | 1:00 am Home-sale side agreement raises serious issuesQuestion: We purchased our home about a year ago. The sellers and their real estate agent made a side agreement to repair some of the defects after the close of escrow. These included a new liner in the chimney, a new exhaust vent for the furnace and a vent for the clothes dryer. The repairs were supposed to be done within three months of closing, but the sellers still have not completed the work. The person they sent to do the work is unlicensed, has no insurance and won't give us his last name. He hasn't gotten a permit for the work that he has done, and what he has done does not look good. The new clothes dryer vent is a plastic flex pipe that blows into the attic. The seller now says that the chimney does not need a new liner and has declared that all of the work is done. To top things off, the agent won't return our calls. Instead, her attorney has called and warned us to stop calling the agent. What can we do?
Source: L.A. Times - Business | 2 May 2010 | 1:00 am Don’t rely on mailed bills to make you pay on timeThough the CARD Act requires a certain amount of advance notice, you’re still responsible for on-time payment even if delivery is delayed.Dear Liz: I thought I read in your column that credit card companies must now allow 45 days' notice for people to make their payments. I received my credit card bill on April 3 and the due date was April 13. In order to pay on time, I would have had to mail it by April 6 or 7, which gave me only 3 or 4 days' notice. What's up with that?
Source: L.A. Times - Business | 2 May 2010 | 1:00 am HOW I MADE IT: Paul StanleyThe lead singer and guitarist for the rock band KISS learned the benefits of branding early in his career.The gig: Lead vocalist and guitarist for the rock band KISS.
Source: L.A. Times - Business | 2 May 2010 | 1:00 am How close are you to the financial edge? Take this quizAmericans are falling deeper into debt, and they are increasingly waiting too long to seek help, a credit counseling expert says. Find out where you stand financially by answering these 10 questions.April was financial literacy month. Did you learn anything?
Source: L.A. Times - Business | 2 May 2010 | 1:00 am The hidden costs of homeownershipFirst-time buyers often fail to factor in upkeep and other expensesMany first-time buyers are unprepared for the financial burdens of homeownership.
Source: L.A. Times - Business | 2 May 2010 | 1:00 am After dark, the dirty work at Disneyland beginsA crew of 600 custodians, painters, gardeners and decorators works 365 nights a year to ensure that the 85-acre park meets Walt Disney’s squeaky-clean ideals.When the last Jungle Cruise boat docks for the night and lights fade to black on Sleeping Beauty's Castle, the real work begins.
Source: L.A. Times - Business | 2 May 2010 | 1:00 am Money talks loudly in California electionNow that the "Money Talks" California election of 2010 is in full swing, it's timely to examine just how loudly the millions of dollars being spent by major corporations at the ballot box are speaking, and what they're saying.
Source: L.A. Times - Business | 2 May 2010 | 1:00 am Modern meets ancient Middle East in Beverly HillsReal estate developer Mohamed Hadid’s newest home pays homage to Egypt’s past, with pyramids and extensive use of Jerusalem limestone.Classic modern melds with a touch of the Middle East in designer Mohamed Hadid's newest home in Beverly Hills, a dramatic homage to Egypt's past, filled with fire and water features.
Source: L.A. Times - Business | 2 May 2010 | 1:00 am US, Australia warn of terror attacks in IndiaThe US and Australia warned of “imminent” terror attacks on a number of popular shopping centres in New Delhi, stepping up their previous alerts of last monthSource: Financial Times - US homepage | 2 May 2010 | 12:25 am Aust unveils mining tax, cuts company ratesAustralia is to impose a new 40 per cent tax on mining projects from July 2012, boost pension savings for workers and cut company tax rates under a sweeping pre-election overhaul of its tax system unveiled today.The new Resource...Source: nzherald.co.nz - Business | 1 May 2010 | 11:40 pm Greek crisis to dominate ECB Lisbon meeting: analystsEuropean Central Bank governors travel this week to Lisbon for a monthly meeting set to be dominated by the Greek crisis and fears it could spread to other countries wrestling with high...Source: RSS feed - channel BNewsBusiness | 1 May 2010 | 10:36 pm Real Estate Agents, Buyers Cut Deals for Tax Credit (Time.com)Time.com - In the final hours for the homebuyers' tax credit, real estate agents, buyers and sellers are in a frenzy to cut dealsSource: Yahoo! News: Business News | 1 May 2010 | 10:10 pm Nick Godt's Market Medics: Stock correction in bears' crosshairsThe case is getting stronger; guru Dorsey sees correction.
Source: MarketWatch.com - Top Stories | 1 May 2010 | 10:01 pm 15 Funds for International Investors (Screens)These funds are navigating troubled overseas markets well.
Source: SmartMoney.com | 1 May 2010 | 10:00 pm US spill 'threatens way of life'Louisiana's governor warns of the Gulf of Mexico oil slick's impact, as President Obama heads to the disaster zone.Source: BBC News | Business | World Edition | 1 May 2010 | 8:43 pm Privacy vs profit at FacebookFacebook's evolution from online club house to Internet powerhouse is raising fears that the social network is trading privacy for profit. The California company's recent move to become...Source: RSS feed - channel BNewsBusiness | 1 May 2010 | 8:37 pm Spanish crisis met with muted popular responseA deep recession that has led to soaring unemployment and austerity cuts has failed to spark popular anger in Spain, where the unions are reluctant to put pressure on the government,...Source: RSS feed - channel BNewsBusiness | 1 May 2010 | 7:49 pm Greece to unveil new austerity cuts for bailoutThe Greek government prepared to launch Sunday a fresh round of unpopular austerity cuts in order to secure loans desperately needed from the EU and IMF to regain control of a spiraling...Source: RSS feed - channel BNewsBusiness | 1 May 2010 | 7:39 pm Lobbying war launched as Senate begins debate on financial regulationWall Street and other critics are mounting multimillion-dollar advertising campaigns to argue that legislation would discourage innovation and reduce profits. ...Source: RSS feed - channel BNPaperBusiness | 1 May 2010 | 6:45 pm Clashes erupt as Greek protesters fight austerity driveGreek police on Saturday fought running battles with youths, some armed with sticks and molotov cocktails, as thousands protested against swingeing cuts needed to secure over 100 billion...Source: RSS feed - channel BNewsBusiness | 1 May 2010 | 6:44 pm FDIC head urges against banning bank derivatives businessChairwoman Sheila Bair says a Senate provision could shift the creation of the securities contracts outside the reach of regulators. ...Source: RSS feed - channel BNPaperBusiness | 1 May 2010 | 6:08 pm Guy Hands has only a fortnight to save EMIGUY HANDS has 12 days to persuade investors to stump up fresh funds for EMI or risk losing control of the troubled music group, home to top acts such as Coldplay and Katy Perry. Source: Latest Business News from Times Online | 1 May 2010 | 6:01 pm Bank rate 'will stay low for four years'MERVYN KING believes interest rates in Britain will stay lower for longer than the markets expect, according to private conversations he had with a senior American economist. Source: Latest Business News from Times Online | 1 May 2010 | 6:01 pm Argos has lost its way, say investorsTHE owner of Argos and Homebase faces a shareholder backlash over plans to buy back £150m of its shares. Source: Latest Business News from Times Online | 1 May 2010 | 6:01 pm Glorious overhaul for GoodwoodTHE organisers of the Goodwood Festival of Speed are to cash in on the demise of the traditional motor show with a new event that will allow the public to drive on its hill climb. Source: Latest Business News from Times Online | 1 May 2010 | 6:01 pm Jayne-Anne Gadhia, CEO Virgin MoneyThe boss of Virgin Money has been dashing back and forth from holiday for meetings. Something must be up. Is she about to seal the deal and buy 318 branches from Royal Bank of Scotland (RBS)? Source: Latest Business News from Times Online | 1 May 2010 | 6:01 pm Darling’s error leaves us all fearing the hangoverDuring the last election, in 2005, I ran a series here under the headline “If things are so good, how come it doesn’t feel like it?” This time, you could almost turn that round. Things are bad, but for most people it doesn’t feel that way. Source: Latest Business News from Times Online | 1 May 2010 | 6:01 pm Man from the Pru has packed his bags for AsiaThe 1,000-page prospectus for Prudential’s takeover of AIA will thump on to fund managers’ desks this week, signalling the end of the phoney war over the $35 billion ($£23billion) deal. Source: Latest Business News from Times Online | 1 May 2010 | 6:01 pm Pru in shock exit from UK and USPrudential is working on radical plans to sell off its British and American businesses in a move that would raise more than Pounds 10billion. Source: Latest Business News from Times Online | 1 May 2010 | 6:00 pm Greece rescue dealGREECE is today expected to finalise the terms of a €120 billion (£104billion) rescue loan from governments in the eurozone and the International Monetary Fund. Source: Latest Business News from Times Online | 1 May 2010 | 6:00 pm Huge buyer interest for Crafar farms - reportThe receivership sale of 16 Crafar-owned farms, reputed to be worth about $100 million, is attracting huge buyer interest in Asia.The 16 North Island farms owned by brothers Alan and Frank Crafar have been in receivership since...Source: nzherald.co.nz - Business | 1 May 2010 | 4:57 pm US oil production, shipping unaffected by spill so farThe Gulf of Mexico spill has not significantly disrupted US oil and gas production or vital shipping lanes along the southern US coast, the admiral leading the response effort said...Source: RSS feed - channel BNewsBusiness | 1 May 2010 | 4:45 pm Bankruptcy filed by Ohio newspaper publishersNewspaper publishers Brown Media Holdings Co. and Brown Publishing Co. have filed for Chapter 11 bankruptcy relief and plan to sell their assets to a bidder chosen by the companies. The...Source: RSS feed - channel BNewsBusiness | 1 May 2010 | 4:40 pm Morales seizes Bolivian assets of UK-listed British RurelecPresident Evo Morales has seized the Bolivian assets of UK-listed British Rurelec, the largest power provider in the South American country.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 May 2010 | 4:02 pm AGs for 5 states eye legal strategy for oil spillThe top law enforcement executives for five states will meet to talk about legal options for dealing with the effects of a massive oil spill threatening their Gulf of Mexico shores. The...Source: RSS feed - channel BNewsBusiness | 1 May 2010 | 3:59 pm Buffett strongly defends Goldman; Berkshire net upOMAHA, Nebraska (Reuters) - Warren Buffett on Saturday launched a strong defense of Berkshire Hathaway Inc's $5 billion investment in Goldman Sachs Group Inc and the investment bank's embattled chief executive, Lloyd Blankfein.
Source: Reuters: Business News | 1 May 2010 | 3:55 pm BP faces 'criminal inquiry' into rig explosionBP is facing at least 36 civil claims and the possibility of criminal action over the explosion and oil spillage in the Gulf of Mexico.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 May 2010 | 3:37 pm Warren Buffett backs Goldman Sachs over fraud allegationsWarren Buffett has robustly defended Goldman Sachs against the fraud allegations that threaten to engulf the Wall Street giant.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 May 2010 | 3:25 pm EU to bail out Greece in £104bn dealA Greek rescue package . will be put to an emergency meeting of eurozone finance ministers today.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 May 2010 | 3:18 pm Prudential gets set to offload UK business if AIA deal succeedsPrudential will consider selling its £5bn UK business if it is successful in its $35.5bn deal to take over the Asian insurance giant, AIA.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 May 2010 | 3:07 pm Tax surcharge casts shadow on the future of British refineriesNew proposals to tax heating fuel could be a death blow to Britain's struggling refining industry, and could cost a plant such as Shell's threatened Stanlow facility up to $70m (£45m) a year, The Sunday Telegraph has learnt.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 May 2010 | 2:58 pm Washington Times considering sale - reportWASHINGTON, May 1 (Reuters) - Executives at the Washington Times are looking into a possible sale of the newspaper, which has slashed staff in recent months in order to cut costs, The Washington Post reported...Source: RSS feed - channel BNewsBusiness | 1 May 2010 | 2:56 pm M&B to raise £500m by selling hundeds of pubsMitchells & Butlers, the owner of the All Bar One and Harvester chains, has hired advisers to sell hundreds of pubs in a move that could generate up to £500m for the group.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 May 2010 | 2:55 pm UBS 'close' to Broadgate dealBritish Land is close to securing a vital deal to keep the Swiss bank UBS at the famous Broadgate Estate in the City.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 May 2010 | 2:51 pm Weinstein bid for Miramax hits a glitchBob and Harvey Weinstein's bid to regain control of Miramax has been hit by a glitch when a billionaire shareholder suggested he might not back the deal.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 May 2010 | 2:47 pm RBS cuts fees as it returns to health ahead of resultsRoyal Bank of Scotland is leading the push to cut the fees charged by banks to underwrite equity deals by charging clients 2.5pc - one percentage point below the levels offered by many of its competitors.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 1 May 2010 | 2:34 pm Buffett weighs in on derivatives legislationIf Congress passes new rules forcing companies to rewrite old contracts, the companies should be compensated, he says.
Source: MarketWatch.com - Top Stories | 1 May 2010 | 1:22 pm Fraud charges and Greece crisis batter Wall Street (AFP)
Source: Yahoo! News: Stock Markets News | 1 May 2010 | 12:56 pm FDIC concerned with swaps rules in Democrats' billWASHINGTON (Reuters) - A top U.S. banking regulator is concerned with a provision in a bill by Senate Democrats that would require banks to spin off their swaps desks, according to a letter obtained by Reuters on Saturday.
Source: Reuters: Business News | 1 May 2010 | 12:52 pm 'Greeter' becomes face of fight vs. Wal-Mart (AP)
Source: Yahoo! News: Business News | 1 May 2010 | 12:47 pm J&J recalls liquid Tylenol, Motrin for kidsPharmaceutical giant Johnson & Johnson Inc. has initiated a voluntary recall of liquid Tylenol, Motrin and other drugs for children and infants because of manufacturing deficiencies that may affect quality, purity or potency of the drugs, the Food and Drug Administration said Saturday.
Source: MarketWatch.com - Top Stories | 1 May 2010 | 12:44 pm Buffett credits Sokol with NetJets turnaroundSokol widely regared as leading candidate to become chief executive when Buffett steps down.
Source: MarketWatch.com - Top Stories | 1 May 2010 | 12:40 pm Meltdown, volcano: Weary Icelanders ask, what next (AP)
Source: Yahoo! News: Business News | 1 May 2010 | 12:38 pm Buffett: Economic trends strongerOracle of Omaha also reports Berkshire Hathaway swings to $3.63 billionl profit compared to $1.53 billion loss in year-ago quarter.
Source: MarketWatch.com - Top Stories | 1 May 2010 | 12:14 pm Twentysomethings get their own health planSource: Business and financial news - CNNMoney.com | 1 May 2010 | 12:13 pm Buffett stands behind Goldman SachsWarren Buffett offered a strong defence of Goldman Sachs at his annual shareholders meeting arguing that clients lost money on the sale of mortgage-related investments brokered by the investment bank because they made ‘dumb deals’ not because they were misledSource: Financial Times - US homepage | 1 May 2010 | 12:09 pm Sec. Gates moves deliberately on 'don't ask, don't tell' (The Christian Science Monitor)The Christian Science Monitor - Defense Secretary Robert Gates has reiterated his pledge to carefully study how repeal of the controversial âdonât ask, donât tellâ law would work.Source: Yahoo! News: Stock Markets News | 1 May 2010 | 12:03 pm Berkshire swings to profit, operating profit upOMAHA, Nebraska (Reuters) - Warren Buffett on Saturday said his Berkshire Hathaway Inc swung to a first-quarter profit, and said operating earnings improved as the company benefited from a recovering economy.
Source: Reuters: Business News | 1 May 2010 | 11:43 am Lawyers flock to Gulf Coast for oil spill lawsuits (AP)
Source: Yahoo! News: Business News | 1 May 2010 | 11:37 am China's manufacturing activity expands in AprilGrows for 14th straight month.
Source: MarketWatch.com - Top Stories | 1 May 2010 | 11:28 am Toyota now faces 327 state, federal lawsuits (AP)AP - Toyota Motor Corp. now faces more than 320 lawsuits in federal and state court related to its sudden acceleration problems.Source: Yahoo! News: Business News | 1 May 2010 | 11:20 am Buffett bearish on currencies holding valueMassive government debts in wake of global financial crisis make Oracle of Omaha wary.
Source: MarketWatch.com - Top Stories | 1 May 2010 | 11:08 am Bolivia nationalizes four power companiesLA PAZ (Reuters) - Leftist Bolivian President Evo Morales said on Saturday he had nationalized four power companies, including a subsidiary of France's GDF Suez, in his drive to tighten state control over the impoverished economy.
Source: Reuters: Business News | 1 May 2010 | 11:06 am Buffett backs Goldman SachsWarren Buffett offered his strongest defense yet of Goldman Sachs, saying he doesn't believe the investment bank acted improperly in a sale of subprime-related securities at the heart of a Securities and Exchange Commission fraud case.Source: Business and financial news - CNNMoney.com | 1 May 2010 | 11:00 am Obama calls for reforms on lobbyingPresident urges Congress to pass closer controls of corporate spending in Washington and on elections.
Source: MarketWatch.com - Top Stories | 1 May 2010 | 11:00 am Johnson & Johnson Announces Children’s Tylenol RecallMcNeil Consumer Healthcare, a division of Johnson & Johnson Inc (NSYE: JNJ), announced a voluntary recall of some of its OTC products sold in the US and Canada. After consultation with the U.S. Food and Drug Administration the division said the recall effects some liquid products manufactured in the United States. In Canada the products effected [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 1 May 2010 | 10:53 am Berkshire Hathaway Swings To Big ProfitBerkshire Hathaway (NYSE: BRK.B, BRK.A) announced the it made $3.6 billion in the first quarter compared to a loss of $1.5 billion in the year ago period. All of the improvement was in the company’s operating earnings which went from $1.7 billion last year to $2.2 billion in the most recent quarter. The company also had [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 1 May 2010 | 10:33 am Petrobras could seek other ways to raise funds: sourceSAO PAULO (Reuters) - Brazilian state-run energy firm Petrobras will seek other ways to raise capital if congress turns down plans for the government to pump billions of dollars into the company, a newspaper reported.
Source: Reuters: Business News | 1 May 2010 | 10:28 am Luxury life as investors sufferFinancial advisory firm Vestar invested most of an elderly Taranaki woman's life savings into seven failed finance companies and funds, including ones it was connected with, documents filed in the High Court at New Plymouth allege.In...Source: nzherald.co.nz - Business | 1 May 2010 | 10:00 am Developer loses $1m wine stashA wealthy developer has lost his claim to a $1 million wine stash from his top Otago winery.A High Court judge has ruled receivers for one of Christchurch millionaire David Henderson's companies, Anthem Holdings, are entitled...Source: nzherald.co.nz - Business | 1 May 2010 | 10:00 am Kinloch course goes to poultry familyThe beleaguered Jack Nicklaus signature golf course at Kinloch has changed hands for the second time in two years.The deal is good news for shareholders in rural services company Allied Farmers, which has now managed to extract...Source: nzherald.co.nz - Business | 1 May 2010 | 10:00 am Fees for financial advice may be normAbandoning commissions in favour of charging fees for service is likely to become the financial advisory industry standard, Investment Savings and Insurance Association head Vance Arkinstall claims.The ISI board is meeting this...Source: nzherald.co.nz - Business | 1 May 2010 | 10:00 am Hammer time for real estateHouse auctions remain popular as buyers and sellers attempt to make the best of the sluggish market.More than 10 per cent of properties put on the market across New Zealand this month were listed as auctions double the figure...Source: nzherald.co.nz - Business | 1 May 2010 | 10:00 am UV rays give Kiwi wines edgeRays that cause skin cancer also make New Zealand sauvignon blanc unique, according to new research.Scientists from Lincoln University in Canterbury are investigating the effect of UV radiation on grapes to help winemakers ensure...Source: nzherald.co.nz - Business | 1 May 2010 | 10:00 am Kiwis' secret of successIn the course of our work, we have met or worked with royalty and rogues, millionaires and billionaires, movie stars and mavericks, priests and paupers. But in that myriad we haven't met any whom we've admired - let alone liked -...Source: nzherald.co.nz - Business | 1 May 2010 | 10:00 am Bernard Hickey: Seismic shift in the marketThe instinctive reaction of home owners when interest rates start rising is to lock in for a long fixed term. The prospect of continual increases in a floating mortgage rate as the Reserve Bank of New Zealand progressively raises...Source: nzherald.co.nz - Business | 1 May 2010 | 10:00 am BP under fire over containment effortsAs the first oiled bird washed onto the Louisiana shore from the Gulf of Mexico oil spill, fishermen grew increasingly critical of the efforts BP has made to stop it, with miles and miles of boom that have been broken up and washed away by rough wavesSource: Financial Times - US homepage | 1 May 2010 | 9:13 am Bolivia takes over energy firmsPolice move in as Bolivian President Evo Morales orders the nationalisation of at least three electricity companies.Source: BBC News | Business | World Edition | 1 May 2010 | 8:47 am Children's Tylenol, other meds recalledA voluntary recall has been issued for dozens of over-the-counter drugs for children, including Tylenol and Motrin, because they don't meet quality standards.Source: Business and financial news - CNNMoney.com | 1 May 2010 | 8:38 am Oil spill may cost BP $3BThere are a lot of uncertainties right now about the Gulf oil spill. But one thing is clear: In addition to the intangible loss of wildlife, it's going to cost BP a lot of money.Source: Business and financial news - CNNMoney.com | 1 May 2010 | 8:19 am The Unusual Suspects (BP, DNDN, ETFC, GE, JNJ, NFG, PALM, BPOP, POZN, SIRI)Next week is still a deep earnings week, but we tried and tried to keep this weekend’s edition of The Unusual Suspects as free and clear from earnings as we could. There are some macro-issues as well, but the Unusual Suspects this weekend include BP plc (NYSE: BP), Continental Airlines, Inc. (NYSE: CAL), UAL Corporation [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 1 May 2010 | 7:44 am Out of work and out of unemployment benefitsThe first wave of the long-term jobless are now exhausting their benefits. CNNMoney.com looks at how seven people are getting by without this safety net.Source: Business and financial news - CNNMoney.com | 1 May 2010 | 7:00 am 23 who laughed at the recessionThese Fortune 500 firms managed to rack up double-digit sales and profits growth last year. How'd they do it?Source: Business and financial news - CNNMoney.com | 1 May 2010 | 6:54 am Dow breaks 8-week winning streakStocks tumbled Friday after reports that Goldman Sachs is facing a criminal probe sparked analyst downgrades and a selloff in the financial sector. Worries about Greece's lingering debt problems also weighed.Source: Business and financial news - CNNMoney.com | 1 May 2010 | 6:53 am Haircuts and magicians. What will states tax next?Some states have already slapped taxes on illegal drugs and even pet grooming. As deficits grow, they're looking for more creative ways to raise cash.Source: Business and financial news - CNNMoney.com | 1 May 2010 | 6:52 am New NOAA Data Show Rapid Growth Of Gulf Spill, Obama To Visit SiteThe pace at which the oil from the collapsed BP rig is spreading accelerated late on April 30. The Coast Guard and Navy are placing “booms” in the Gulf in an attempt to keep the oil from moving across the Louisiana Delta where the Mississippi river terminates. With a greater amount of shore in danger by the hour, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 1 May 2010 | 5:51 am Mortgage-Related IPO Filing: Ellie Mae (ELLI)If you thought any of the “Mae” sounding names were all dead, guess again. We have one coming as an initial public offering, although this is not a government agency. An IPO filing from Friday came from a firm called Ellie Mae, Inc. The company hosts an electronic mortgage origination network in the United States [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 1 May 2010 | 4:25 am
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