Single women outpace men in real-estate market

For Mother’s Day, flowers and chocolate are nice, but watching your single daughter take the lead in the real-estate market may be even nicer.



Source: MarketWatch.com - Top Stories | 9 May 2010 | 4:00 am

Ash from Iceland volcano again disrupts air travel

Fresh plumes of ash from the Iceland volcano again are disrupting Sunday air travel in Europe, media reports say.



Source: MarketWatch.com - Top Stories | 9 May 2010 | 3:54 am

Ash travel disruption continues

British air passengers are facing yet more misery as a volcanic ash cloud continues to threaten European flight schedules.
Source: BBC News | Business | World Edition | 9 May 2010 | 3:43 am

EU to debate 'stabilisation fund'

EU finance ministers will discuss establishing a new "stabilisation mechanism" to prevent the Greek debt crisis from spreading.
Source: BBC News | Business | World Edition | 9 May 2010 | 3:31 am

Ala. hopes makeshift locks keep seaport oil-free (AP)

The port of Mobile, Ala., and the city's skyline are shown in this photograph taken Friday, May 7, 2010. The state of Alabama plans to use a system of booms arranged as gates to prevent pollution from the Gulf of Mexico spill from entering Mobile Bay.  (AP Photo/Jay Reeves)AP - Thirty-one miles long, 10 miles wide and no deeper than 10 feet or so where it isn't dredged, Mobile Bay resembles a big, shallow bathtub. The nation's 9th-busiest seaport lies on one side, multimillion-dollar homes stand on the other and a broad pass at the bay's mouth leads directly to the Gulf of Mexico, where a massive oil spill is slowly spreading.



Source: Yahoo! News: Business News | 9 May 2010 | 3:30 am

Ala. hopes makeshift locks keep seaport oil-free

Thirty-one miles long, 10 miles wide and no deeper than 10 feet or so where it isn't dredged, Mobile Bay resembles a big, shallow bathtub. The nation's 9th-busiest seaport lies on one side,
Source: RSS feed - channel BNewsBusiness | 9 May 2010 | 3:30 am

Merkel risks reverse in German state election (AP)

German Chancellor Angela Merkel  sits on the government bench at the German Federal Parliament in Berlin, Germany, Friday, May 7, 2010.  Germany's parliament is expected to give the go-ahead for the country's share of the rescue package for debt-laden Greece. Chancellor Angela Merkel's center-right coalition has a comfortable majority in the lower house of parliament and also controls a majority in the upper house, which represents Germany's 16 states. Both chambers are to vote on the plan Friday. Germany is to grant as much as 22.4 billion euro  (US dlrs 28.6 billion) in credit over three years as part of a wider 110 billion euro  package backed by eurozone members and the International Monetary Fund.(AP Photo/Michael Sohn)AP - Chancellor Angela Merkel risks losing her majority in Germany's upper house of parliament as the country's most populous state votes Sunday — a setback that could make it harder to run Europe's biggest economy.



Source: Yahoo! News: Business News | 9 May 2010 | 3:21 am

Greece could modify EU-IMF deal: minister

An unpopular austerity deal with the EU and the IMF to grant Greece billions of euros in badly needed loans could be modified if the belt-tightening bears early results, the finance...
Source: RSS feed - channel BNewsBusiness | 9 May 2010 | 3:07 am

Greece could modify EU-IMF deal: minister (AFP)

Greek Finance Minister George Papaconstantinou speaks during a press conference at the IMF/World Bank Spring Meetings in Washington, DC. An unpopular austerity deal with the EU and the IMF to grant Greece billions of euros in badly needed loans could be modified if the belt-tightening bears early results, the finance minister said.(AFP/File/Mandel Ngan)AFP - An unpopular austerity deal with the EU and the IMF to grant Greece billions of euros in badly needed loans could be modified if the belt-tightening bears early results, the finance minister said Sunday.



Source: Yahoo! News: Business News | 9 May 2010 | 3:07 am

BP's first attempt to divert Gulf oil leak fails (AP)

A crane ship floats in support of a relief platform at the Deep Sea Horizon oil spill site in the Gulf of Mexico, Saturday, May 8, 2010. (AP Photo/David Quinn)AP - As a massive oil leak spit thousands of gallons more crude into the Gulf of Mexico, a big box that BP hoped would be its savior sat idle hundreds of feet away, encased in ice crystals.



Source: Yahoo! News: Business News | 9 May 2010 | 3:01 am

BP's first attempt to divert Gulf oil leak fails

As a massive oil leak spit thousands of gallons more crude into the Gulf of Mexico, a big box that BP hoped would be its savior sat idle hundreds of feet away, encased in ice crystals. ...
Source: RSS feed - channel BNewsBusiness | 9 May 2010 | 3:01 am

BHP warns Australia resource tax could hit investment

Australia's proposed 40 percent tax on resources profits could not only drive investment overseas but impact expansion at BHP Billiton's Olympic Dam mine, chief executive Marius Kloppers...
Source: RSS feed - channel BNewsBusiness | 9 May 2010 | 2:38 am

No proposal for special OPEC meeting: Qatar

Qatari Energy Minister Abdullah al-Attiyah said on Sunday there was no proposal to hold an extraordinary meeting of the oil cartel OPEC in light of falling prices. "There is no proposal...
Source: RSS feed - channel BNewsBusiness | 9 May 2010 | 2:25 am

Ash closes airports in Spain, Portugal, Italy

Eurocontrol says it expects further flight disruptions in European airspace as a plume of volcanic ash snakes through southern France, Switzerland and northern Italy. By Sunday evening...
Source: RSS feed - channel BNewsBusiness | 9 May 2010 | 2:24 am

Ash closes airports in Spain, Portugal, Italy (AP)

This image provided by NASA shows the ash plume from the Eyjafjallajokull volcano over the North Atlantic acquired on Friday May 7, 2010. mammoth cloud of volcanic ash stretching 1,250 miles (2,000 kilometers) across the North Atlantic is forcing most flights between North America and Europe to divert into a sky-high traffic jam, Irish and European air authorities said. (AP Photo/NASA)AP - Eurocontrol says it expects further flight disruptions in European airspace as a plume of volcanic ash snakes through southern France, Switzerland and northern Italy.



Source: Yahoo! News: Business News | 9 May 2010 | 2:24 am

Regulators eye curbs to slow stock price drops

NEW YORK/WASHINGTON (Reuters) - U.S. securities regulators are considering new curbs to slow stock trades when markets are plunging following Thursday's dramatic sell-off, two people familiar with the matter said on Saturday.



Source: Reuters: Business News | 9 May 2010 | 1:32 am

1st try to divert oil fails; tar blobs hit Ala.

As a massive oil leak spit thousands of gallons more crude into the Gulf of Mexico, a big box that BP hoped would be its savior sat idle hundreds of feet away, encased in ice crystals. ...
Source: RSS feed - channel BNewsBusiness | 9 May 2010 | 1:19 am

Homeowner association director can't be excluded just for disagreeing

Question: The board of our homeowner association has barred an elected director from attending any of the board's closed executive sessions. Do the other board directors have the legal right to exclude a director?



Source: L.A. Times - Business | 9 May 2010 | 1:00 am

Home appraisals still fraught with uncertainty despite new code of conduct

The recently launched system is intended to provide more honest valuations. But the use of third-party appraisal management companies has led to complaints.



Source: L.A. Times - Business | 9 May 2010 | 1:00 am

Personal Finance: Listen to Mom and get ahead

A Mother's Day reminder that the lessons your mom taught you apply to business too.

Everybody has a story about why his mom is the best — the times she baked cookies for all your friends, how she faithfully sat in near-empty bleachers to cheer your losing team or comforted you when you were down.



Source: L.A. Times - Business | 9 May 2010 | 1:00 am

Listen to Mom and get ahead

A Mother's Day reminder that the lessons your mom taught you apply to business too. Everybody has a story about...
Source: RSS feed - channel BNPaperBusiness | 9 May 2010 | 1:00 am

Home appraisals still fraught with uncertainty despite new code of conduct

The recently launched system is intended to provide more honest valuations. But the use of third-party appraisal management companies has led to complaints.
Source: RSS feed - channel BNPaperBusiness | 9 May 2010 | 1:00 am

Growth of electronic trading a major cause of stock market free fall

So much for the biggest, safest, most liquid securities market in the world.



Source: L.A. Times - Business | 9 May 2010 | 1:00 am

Ask the Inspector: Can I hide an inspection report while selling the home?

Question: About eight months ago, someone made an offer to buy my home. He hired a home inspector and then backed out of the deal. Now the property is back on the market, and I do not want to disclose to the next buyer that a past inspection was done. Is that OK?



Source: L.A. Times - Business | 9 May 2010 | 1:00 am

What's the best thing to do with an inherited IRA?

Also, credit card user who signed up for online billing gets penalized for late payment.

Dear Liz: I just inherited about $70,000 in IRAs and checking accounts. I would like to eventually invest it in my next home (upgrade to a bigger home) but want to wait a little until I feel more certain about my job. What is the best thing to do with this money in the interim? Certificates of deposit? Money market?



Source: L.A. Times - Business | 9 May 2010 | 1:00 am

Growth of electronic trading a major cause of stock market free fall

So much for the biggest, safest, most liquid securities market in the world.
Source: RSS feed - channel BNPaperBusiness | 9 May 2010 | 1:00 am

Home of the Week: Sister Aimee's castle in Lake Elsinore

Evangelist Aimee Semple McPherson commissioned the 4,400-square-foot Moorish Revival house, complete with escape routes (in case of unwanted media attention). ...
Source: RSS feed - channel BNPaperBusiness | 9 May 2010 | 1:00 am

Buyers scramble to close deals by June 30 deadline to get federal tax credit

Reporting from Washington — For home buyers who scrambled to meet the April 30 federal tax credit deadline for completed contracts, there's a new challenge looming: Can they nail down their mortgage...
Source: RSS feed - channel BNPaperBusiness | 9 May 2010 | 1:00 am

Home of the Week: Sister Aimee's castle in Lake Elsinore

Evangelist Aimee Semple McPherson commissioned the 4,400-square-foot Moorish Revival house, complete with escape routes (in case of unwanted media attention).

By the late 1920s, evangelist Aimee Semple McPherson needed some breathing room. The Church of the Foursquare Gospel, which had evolved into wildly popular religious theater during her meteoric rise as its leader, was starting to splinter as the demands by her massive following and the number of reporters tracking her every move increased.



Source: L.A. Times - Business | 9 May 2010 | 1:00 am

How I Made It: Pervaiz Lodhie

The CEO of LEDtronics, a maker of light-emitting-diode bulbs, got his start as a 10-year-old selling yo-yos to classmates in Pakistan. ...
Source: RSS feed - channel BNPaperBusiness | 9 May 2010 | 1:00 am

Rent Watch: What is 'normal wear and tear'?

Question: I just moved out of a studio apartment that I had been renting for the last year. Now the landlord has informed me that she is keeping $1,000 of my security deposit to pay for refinishing the hardwood floors. I know that my furniture left some marks on the floors, but the landlord told me at one point that the floors were originally installed when the studio was built — about 50 years ago. I don't think I should be responsible for repairing floors that are so old. What do you think?



Source: L.A. Times - Business | 9 May 2010 | 1:00 am

Buyers scramble to close deals by June 30 deadline to get federal tax credit

Reporting from Washington — For home buyers who scrambled to meet the April 30 federal tax credit deadline for completed contracts, there's a new challenge looming: Can they nail down their mortgage financing and get to closing before the program terminates?



Source: L.A. Times - Business | 9 May 2010 | 1:00 am

What's the best thing to do with an inherited IRA?

Also, credit card user who signed up for online billing gets penalized for late payment. Dear Liz: I just inherited about $70,000 in IRAs...
Source: RSS feed - channel BNPaperBusiness | 9 May 2010 | 1:00 am

Homeowner association director can't be excluded just for disagreeing

Question: The board of our homeowner association has barred an elected director from attending any of the board's closed executive sessions. Do the other board directors have the legal right to exclude...
Source: RSS feed - channel BNPaperBusiness | 9 May 2010 | 1:00 am

Toyota set to post billion dollar annual profit: report

Japan's embattled auto giant Toyota will likely post an operating profit of around one billion dollars for the year to March despite worldwide safety recalls, a local newspaper reported...
Source: RSS feed - channel BNewsBusiness | 8 May 2010 | 11:09 pm

BP suffers setback in effort to stem leak

In a major setback to BP’s battle to stem a massive undersea oil leak in the Gulf of Mexico, engineers failed in their first attempt to use a 100-tonne steel and concrete containment tank to siphon the escaping crude safely to the surface
Source: Financial Times - US homepage | 8 May 2010 | 10:38 pm

Markets watch anxiously for British election outcome

Already-jittery markets will reopen Monday hoping for a decisive result from Britain's power-sharing talks as they seek a stable government with the power to tackle the deficit and secure...
Source: RSS feed - channel BNewsBusiness | 8 May 2010 | 10:37 pm

Fighting for 'made in the USA'

A battery maker's story shows the hopes and hurdles of green technology. Yet-Ming Chiang relishes his 20-mile...
Source: RSS feed - channel BNPaperBusiness | 8 May 2010 | 10:00 pm

Qatar investor buys UK department store Harrods

LONDON (Reuters) - The investment arm of Qatar's sovereign wealth fund has bought the famous London department store Harrods from Egyptian-born businessman Mohamed al-Fayed in a deal...
Source: RSS feed - channel BNewsBusiness | 8 May 2010 | 9:14 pm

Qatar investor buys UK department store Harrods

LONDON (Reuters) - The investment arm of Qatar's sovereign wealth fund has bought the famous London department store Harrods from Egyptian-born businessman Mohamed al-Fayed in a deal reported to be worth around 1.5 billion pounds ($2.3 billion).



Source: Reuters: Business News | 8 May 2010 | 9:14 pm

Media moguls on elevated pay scale

While most CEOs of U.S. companies saw their compensation fall in 2009, top executives of TV, movie and cable companies continued to rake it in.

When an executive runs a company whose success depends on stars — whether they are richly rewarded TV news anchors or generously compensated movie idols — it is only fitting that the boss is paid, well, like a star.



Source: L.A. Times - Business | 8 May 2010 | 9:08 pm

Media moguls on elevated pay scale

While most CEOs of U.S. companies saw their compensation fall in 2009, top executives of TV, movie and cable companies continued to rake it in. ...
Source: RSS feed - channel BNPaperBusiness | 8 May 2010 | 9:08 pm

Banking survey 'wake-up call' to industry

Survey results released today showing a high levels of customer dissatisfaction with Australian-owned banks are a wake-up call to the industry, says the finance sector union Finsec.Finsec believes the survey also highlights the...
Source: nzherald.co.nz - Business | 8 May 2010 | 7:49 pm

Gates says urgent need to cut defense bureaucracy (AP)

In this photo provided by the U.S. Department of Defense, Defense Secretary Robert M. Gates speak with U.S. Army Majors during an informal roundtable with the officers at the Command and General Staff College at Ft. Leavenworth, Kansas, Friday, May 7, 2010. Gates is stepping up his campaign to reshape the nation's defense establishment by shifting Pentagon spending priorities and imploring military and civilian officials to change the way they do business. (AP Photo/U.S. Department of Defense, Cherie Cullen)AP - Warring against waste, Defense Secretary Robert Gates said Saturday he is ordering a top-to-bottom paring of the military bureaucracy in search of at least $10 billion in annual savings needed to prevent an erosion of U.S. combat power.



Source: Yahoo! News: Business News | 8 May 2010 | 7:46 pm

Slick firms can get round laws

THE slick has yet to come ashore and already lessons are being learnt from BP’s Deepwater Horizon oil disaster. Sarah Palin, presidential as ever, is blaming foreigners. BP might style itself Beyond Petroleum these days, but she knows what that B stands for. “Learn from Alaska’s lesson w/foreign oil co’s: don’t naively trust — VERIFY,” she tweeted last week. But the real lesson we are learning, again, is the catastrophic price of lax regulation.


Source: Latest Business News from Times Online | 8 May 2010 | 6:38 pm

Enterprise Inns in £1bn loan deal

THE pub giant Enterprise Inns is close to agreeing a long-awaited refinancing of its £1 billion bank loan, staving off fears that shareholders might be asked to make an emergency injection of cash.
Source: Latest Business News from Times Online | 8 May 2010 | 6:01 pm

Can anyone survive the deficit poisoned chalice?

So now attention turns to what happens next. Will we see decisive action or prolonged dithering? Having expected a hung parliament, the markets still reacted adversely to that outcome, perhaps because they did not expect something quite as well-hung as this.


Source: Latest Business News from Times Online | 8 May 2010 | 6:01 pm

A Labour-Lib Dem anti-dream team would spark a rush for the exit

The banking crisis gave us a sharp reminder of the negatives that come alongside the many benefits of a global economy. What began as a problem with dodgy mortgages in America became a worldwide problem because European banks, and other international institutions, had hoovered up this toxic debt. When the credit markets crashed as a result, they did so across the globe.


Source: Latest Business News from Times Online | 8 May 2010 | 6:01 pm

Investors keep Guy Hands on knife edge over EMI

Guy Hands this weekend stands on the brink of losing control of EMI unless investors in his Terra Firma fund vote in favour of sinking £105m into the troubled music group.


Source: Latest Business News from Times Online | 8 May 2010 | 6:01 pm

Mohamed al-Fayed in £1.5bn Harrods sale

HE swore he would never sell — but he did. This weekend, Mohamed al-Fayed, who pledged to stay at Harrods until he died, agreed to sell the Knightsbridge department store to the royal family of Qatar for more than £1.5 billion.


Source: Latest Business News from Times Online | 8 May 2010 | 6:01 pm

Leaderless UK stokes crash fears

FEARS of a market slump mounted this weekend after British politicians failed to form a government and senior bankers warned that the eurozone crisis might cause bank lending to seize up.


Source: Latest Business News from Times Online | 8 May 2010 | 6:01 pm

Pru saves Asia deal with 11th-hour pact

PRUDENTIAL saved its blockbuster takeover of an Asian rival yesterday after stitching together a last-minute deal with the Financial Services Authority.


Source: Latest Business News from Times Online | 8 May 2010 | 6:01 pm

Rig firm’s $270m profit from deadly spill$

THE owner of the oil rig that exploded in the Gulf of Mexico, killing 11 people and causing a giant slick, has made a $270m ($£182m) profit from insurance payouts for the disaster.


Source: Latest Business News from Times Online | 8 May 2010 | 6:01 pm

Sainsbury’s staff share bumper £70m bonus

STAFF at J Sainsbury are expected to share an estimated £70m bonus pool after a buoyant year for Britain’s third-biggest supermarket chain.
Source: Latest Business News from Times Online | 8 May 2010 | 6:01 pm

Shelby: Bank bill should include mortgage firms (AP)

Senator Richard Shelby (R-AL) pauses while taking questions at the Reuters Financial Regulation Summit in Washington, April 24, 2009. REUTERS/Stelios VariasAP - A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsored mortgage companies blamed for creating a demand for risky loans and inflating the housing bubble, a leading GOP senator on banking issues says.



Source: Yahoo! News: Business News | 8 May 2010 | 5:49 pm

Obama says health care law already helps millions (AP)

President Barack Obama steps out of his vehicle as he arrives for a dinner at Komi, a Greek and Mediterranean restaurant in Dupont Circle in Washington, Friday, May 7, 2010. (AP Photo/Charles Dharapak)AP - The new health care law already is helping millions of people through tax breaks for small businesses and assistance for families with young adults, President Barack Obama said Saturday.



Source: Yahoo! News: Business News | 8 May 2010 | 5:36 pm

Farmer switches from pigsties to holiday cottages for hens

"The thing about pigs is that they really didn't appreciate the views," jokes Robert Persey, the owner of Hembury Court, a luxury holiday cottage complex in the glorious, rolling East Devon countryside.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 May 2010 | 5:27 pm

The week ahead


Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 May 2010 | 5:18 pm

Questor: Centamin is shining brightly


Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 May 2010 | 5:15 pm

Loneliness of one man against the crowd

Lord Davies, the former Standard Chartered chairman, business minister and Labour Party supporter, revealed to an audience at London Business School on Friday that hanging in one of his bathrooms is a framed broker's note.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 May 2010 | 5:13 pm

SEC launches share trade inquiry

American regulators are considering a radical overhaul of share trading to "slow markets down" following the chaos this week which saw the Dow Jones lurch to its biggest intraday fall since Black Monday in 1987.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 May 2010 | 5:07 pm

Britain sidelined over EU hedge fund talks

Crucial decisions on hedge fund and private equity regulation in Europe could be taken without Britain's input because the hung Parliament leaves the UK's sidelined at the negotiating table.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 May 2010 | 5:05 pm

US probes mystery stock crash as panic spreads (AFP)

A trader rubs his eyes on the floor of the New York Stock Exchange. US regulators on Saturday probed a stunning Wall Street crash that dragged the Dow Jones industrials average down almost 1,000 points in mere minutes and sparked panic on markets around the world.(AFP/Getty Images/Mario Tama)AFP - US regulators on Saturday probed a stunning Wall Street crash that dragged the Dow Jones industrials average down almost 1,000 points in mere minutes and sparked panic on markets around the world.



Source: Yahoo! News: Stock Markets News | 8 May 2010 | 4:46 pm

FSA's Margaret Cole wages war against criminals in the City

Margaret Cole does not seem very scary when I first meet her in the Financial Services Authority's Docklands office.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 May 2010 | 4:15 pm

Why the UK is no Greece

Even if we had woken up on Friday to a clear election result, there would have been huge uncertainties facing the country.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 May 2010 | 3:57 pm

Have you seen the iceberg, Tidjane? Pru chief fights for reputation

For Tidjane Thiam, chief executive of Prudential, May 27 was to be a day of crowning glory.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 May 2010 | 3:44 pm

Sainsbury set to remain silent over sales

J Sainsbury, the supermarket chain, is this week expected to announce a 15pc rise in pre-tax profits over the year to the end of March.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 May 2010 | 3:39 pm

Gulf Oil Spill Resolution… Delays or Failure (BP)

BP plc (NYSE: BP) has so far not been successful this weekend in its attempts to contain the Gulf of Mexico oil spill.  The containment dome which was to help contain and trap the bulk of the oil pouring out from the Deepwater Horizon in the Gulf of Mexico has run into trouble.  Gas hydrates, [...]

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Source: 24/7 Wall St. | 8 May 2010 | 3:03 pm

NewsWatch: U.S. stock market revisits 2008 volatility

The U.S. stock market will try to find its footing in the coming week after a return to the volatility that accompanied the financial crisis in 2008.



Source: MarketWatch.com - Top Stories | 8 May 2010 | 3:00 pm

Former Interior Secretary Walter Hickel dies at 90 (AP)

FILE - In this file photo from Feb. 1991, Gov. Walter J. Hickel is shown in Alaska. Hickel, who was Richard Nixon's interior secretary until he was fired after criticizing the handling of Vietnam protests, died Friday night May 7, 2010 at Horizon House, an assisted living facility in Anchorage.. He was 90.(AP Photo, File)AP - Former Alaska Gov. Walter J. Hickel, who served as Interior secretary under President Nixon until he was dismissed for objecting to the treatment of Vietnam War protesters, has died at age 90.



Source: Yahoo! News: Stock Markets News | 8 May 2010 | 2:48 pm

Frayed investors eye skittish stocks

NEW YORK (Reuters) - The extreme market volatility of recent days has shaken investors, who still are seeking a clear explanation of what sent U.S. stocks into Thursday's dizzying intraday spiral.



Source: Reuters: Business News | 8 May 2010 | 2:08 pm

EU works on financial support deal

Europe’s banks made a desperate appeal for the European Central Bank to buy the bonds of crisis-hit eurozone members, as a second day of turmoil in markets battered share prices around the globe
Source: Financial Times - US homepage | 8 May 2010 | 1:57 pm

UK Conservatives, Lib Dems mull possible pact (AP)

Britain's Liberal Democrats party leader Nick Clegg arrives at the Local Government Offices in London for a meeting, Saturday, May 8, 2010. Clegg is to meet with lawmakers from his party to discuss a possible deal to support a Conservative-led government following the inconclusive national election. (AP Photo/Sang Tan)AP - Within days, Britain may have something it hasn't seen since World War II — a coalition government.



Source: Yahoo! News: Business News | 8 May 2010 | 1:53 pm

BP faces setback in containment dome for oil spill

BP officials said they've run into obstacles in deploying the containment dome lowered to the sea floor to catch leaking crude oil at a well head one mile below the surface.



Source: MarketWatch.com - Top Stories | 8 May 2010 | 1:51 pm

Harrods store sold to Qatar Holding for reported £1.5bn

Mohammed al-Fayed has sold the Harrods store to Qatar Holding for a reported £1.5bn
Source: Financial Times - US homepage | 8 May 2010 | 1:50 pm

Oil at $65 a barrel may sound alarm bells for OPEC

DOHA (Reuters) - Oil ministers from several OPEC nations played down on Saturday a sharp fall in prices, but Kuwait said another $10 drop may force the group into action.



Source: Reuters: Business News | 8 May 2010 | 1:39 pm

No imminent resolution seen in U.K.government

No agreement on a new government is likely soon, according to reports.



Source: MarketWatch.com - Top Stories | 8 May 2010 | 1:38 pm

Volcano grounds European flights, again

Air travel in Europe has been disrupted once again by ash from the volcano in Iceland, including the closure of airports in Barcelona and northern Spain, according to reports on Saturday.



Source: MarketWatch.com - Top Stories | 8 May 2010 | 1:36 pm

Obama to tap Kagan for Supreme Court

President reported leaning toward the solicitor general to replace retiring Justice John Paul Stevens.



Source: MarketWatch.com - Top Stories | 8 May 2010 | 1:20 pm

Obama says insurers no longer dropping patients

New healtgh law already holding insurance companies more accountable and providing assistance to small businesses, president claims.



Source: MarketWatch.com - Top Stories | 8 May 2010 | 1:14 pm

Stocks to Watch: Stocks to watch Monday: Tyson Foods, Fluor, Dynegy

Among the companies whose shares are expected to see active trade in Monday's session are Tyson Foods Inc., Fluor Corp. and Dynegy Inc.



Source: MarketWatch.com - Top Stories | 8 May 2010 | 1:13 pm

EU works on mechanism to stop Greek contagion

BRUSSELS (Reuters) - European Union officials were working out the details of a financial support mechanism on Saturday to prevent Greece's debt turmoil spreading to Portugal and Spain, ready for approval by EU finance ministers on Sunday.



Source: Reuters: Business News | 8 May 2010 | 1:12 pm

Portugal promises EU to cut budget deficit more in 2010

LISBON (Reuters) - Portugal's prime minister has promised his European Union counterparts that he will cut the budget deficit further than planned this year, to 7.3 percent of gross domestic product, a government source said on Saturday.



Source: Reuters: Business News | 8 May 2010 | 12:52 pm

Another jobless summer for teens

The job situation is starting to look better for grownups. But college and high school kids could be in for a long, disappointing summer.
Source: Business and financial news - CNNMoney.com | 8 May 2010 | 12:34 pm

Goodbye, stimulus. Hello, teacher cuts


Source: Business and financial news - CNNMoney.com | 8 May 2010 | 12:32 pm

3 theories on the crash

Theories about yesterday's stock market swoon, where within a matter of 20 minutes, the stock market plunged by 1,000 points and then nearly completely recovered, are abounding. Fortune asked Rishi Narang, founder of the hedge fund Telesis Capital and author of Inside the Black Box, to share the theories he's heard and handicap them in terms of likelihood and plausibility.
Source: Business and financial news - CNNMoney.com | 8 May 2010 | 12:28 pm

Staten Island Ferry crashes into dock, 55 injured

Coast Guard says ferry accelerated as it approached dock.



Source: MarketWatch.com - Top Stories | 8 May 2010 | 12:18 pm

Suddenly, Airlines Looking Oversold (FAA, CAL, UAUA, LCC, AMR, DAL, LUV, JBLU)

After the Continental Airlines, Inc. merger announcement with UAL Corporation (NASDAQ: UAUA) , something interesting happened in the sector.  Suddenly the valuations seemed too high.  Then the shares started selling off, then the bloodbath in the market only made things worse.  We took a look at the ETF called the Claymore/NYSE Arca Airline (NYSE: FAA) [...]

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Source: 24/7 Wall St. | 8 May 2010 | 10:37 am

NZ's best and worst banks revealed

New Zealanders have spoken - and we're not happy with our banks. The ANZ came a clear last in pleasing its customers, according to a survey released today.The "Better Banking" survey, carried out for bank workers union Finsec,...
Source: nzherald.co.nz - Business | 8 May 2010 | 10:00 am

Expect GE to fight over Blue Chip loans

Finance company GE is likely to appeal a court decision that its loans to two retired Blue Chip investors are "oppressive".Last week the Court of Appeal ruled in favour of Whangarei couple Bruce and Judy Bartle, who face losing...
Source: nzherald.co.nz - Business | 8 May 2010 | 10:00 am

Avo guru returns

The founder of troubled avocado oil company Olivado is having another go at setting up a business in the uncertain New Zealand industry.Chris Nathan has set up Tauranga-based AvoHealth with former rival Andrew Logan, another avocado...
Source: nzherald.co.nz - Business | 8 May 2010 | 10:00 am

Science will be 'at the heart' of the budget - PM

There will be a strong focus on science, innovation and technology in next week's budget, Prime Minister John Key says.He told a National Party regional conference in Masterton today New Zealand companies had time and time again...
Source: nzherald.co.nz - Business | 8 May 2010 | 10:00 am

Business women form power groups

Corporate culture is still heavily male-orientated, says BNZ national managing partner Fiona Ehn.That is one of the reasons the bank runs a series of business growth seminars aimed at women, she says.The seminars have proved...
Source: nzherald.co.nz - Business | 8 May 2010 | 10:00 am

Al Fayed sells Harrods

LONDON: It is the most famous department store in the world, its signature logo recognised almost everywhere.But yesterday, Harrods was sold to Qatari investors by its the flamboyant Egyptian owner, Mohamed al-Fayed.For 25...
Source: nzherald.co.nz - Business | 8 May 2010 | 10:00 am

Editorial : Self-regulation? Yeah, right

Despite the winds of competition blowing through the telecommunications industry, the cost of operating a mobile phone has been remarkably resistant to downward pressure.The two dominant players in the market, Telecom and Vodafone,...
Source: nzherald.co.nz - Business | 8 May 2010 | 10:00 am

Martin Hawes: Way to wealth is to KASH in

Some people spend a lot of time learning the technical side of money management and investment. They read up on things such as P:E ratios, discounted cash flows, swaps and net present value. It is important to know some of this...
Source: nzherald.co.nz - Business | 8 May 2010 | 10:00 am

Out of pocket

Vikas Joneja is sticking with his bank - even after an error that left him temporarily out of pocket by over $4000.But much of the reason he will stay is because his mortgage is with the same bank that gave him a financial headache.If...
Source: nzherald.co.nz - Business | 8 May 2010 | 10:00 am

'Astronomical' rise in rail fares

Some train operators are being accused of major fare rises, as a result of extending peak-time hours.
Source: BBC News | Business | World Edition | 8 May 2010 | 8:43 am

Al Fayed sells off Harrods store

Department store Harrods is sold to Qatar Holdings for about £1.5bn, after being owned by Mohammed Al Fayed for 25 years.
Source: BBC News | Business | World Edition | 8 May 2010 | 8:05 am

Why Amish businesses don't fail

Want to find America's most successful entrepreneurs? Skip Silicon Valley and Manhattan; head to the rural Amish enclaves.
Source: Business and financial news - CNNMoney.com | 8 May 2010 | 6:32 am

Stocks down for year

Stocks slumped Friday, with the three major indexes ending in negative territory for the year as investors mulled the Greek debt crisis and the aftermath of one of the most gut-churning days in Wall Street history.
Source: Business and financial news - CNNMoney.com | 8 May 2010 | 6:29 am

What Apple spends for sizzle


Source: Business and financial news - CNNMoney.com | 8 May 2010 | 6:28 am

In A Surprise, Consumer Credit Rises

Consumer credit rose in March, a bit of unexpected new. According to the Federal Reserve, the figure “increased at an annual rate of 1 percent in March 2010.” The total of revolving and non-revolving credit was $2451.1 billion at the end of the month.  The rate declines sharply last year. The drop during that period was particularly [...]

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Source: 24/7 Wall St. | 8 May 2010 | 6:14 am

China inflation target may be out of reach: economist (Reuters)

Reuters - China stands little chance of hitting the government's target of keeping inflation below 3 percent this year, a senior government economist said on Saturday.
Source: Yahoo! News: Business News | 8 May 2010 | 6:03 am

China inflation target may be out of reach: economist

BEIJING (Reuters) - China stands little chance of hitting the government's target of keeping inflation below 3 percent this year, a senior government economist said on Saturday.



Source: Reuters: Business News | 8 May 2010 | 6:03 am

Sovereign wealth funds see risks up, but Greece unique

SYDNEY (Reuters) - Sovereign risks have risen due to the turmoil in the euro zone, but the woes Greece faces are not the same as in other European nations and the situation can be resolved, the chair of a meeting of sovereign wealth funds said.



Source: Reuters: Business News | 8 May 2010 | 6:00 am

Four More Banks Fail, Total Of 68 In 2010.

Another week, more bank closers. The FDIC and state authorities shuttered four more banks. Those closed along with details of the FDIC costs and sales of assets: 1st Pacific Bank of California, San Diego, CA, Towne Bank of Arizona, Mesa, AZ ,Access Bank, Champlin, MN and The Bank of Bonifay, Bonifay, FL The cost to the [...]

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Source: 24/7 Wall St. | 8 May 2010 | 4:44 am

Reform bill should include Fannie, Freddie: Shelby

WASHINGTON (Reuters) - Financial reform legislation being debated by the Senate needs to overhaul government involvement in U.S. mortgage finance giants Fannie Mae and Freddie Mac, Senator Richard Shelby, the lead Republican on the Senate Banking Committee, said on Saturday.



Source: Reuters: Business News | 8 May 2010 | 4:08 am