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London Markets: British shares pressured as banks weighBanks weighed on the top British share index on Wednesday, the first day of a new political era, as investors fretted that the environment for lenders will get tougher.
Source: MarketWatch.com - Top Stories | 12 May 2010 | 4:19 am Short Sellers Hope Silicon Valley Gets MauledShort sellers are making large bets that tech shares have reached their high point and are likely to sell off based on data from the NASDAQ and NYSE as of April 30. Shares short in Microsft Corp (NASDAQ” MSFT) were up 30% to 70.3 million. The short interest in Nvidia (NASDAQ: NVDA) moved up 17% [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 May 2010 | 4:16 am Economic Report: Euro-zone GDP grows, but momentum questionedGermany’s economy unexpectedly grows in the first quarter compared with the last three months of 2009, signaling that the recovery in Europe’s biggest economy remains on track.
Source: MarketWatch.com - Top Stories | 12 May 2010 | 4:16 am Asia mostly higher, Hong Kong stages late reboundAsian markets end mostly higher Wednesday as Australian stocks climb on the government's plan to return to a budget surplus in three years, while Chinese shares gain as bargain seekers snap up banks and property developers.
Source: MarketWatch.com - Top Stories | 12 May 2010 | 4:14 am Spain outlines new measures to cut its deficitSpain announced on Wednesday a series of measures to shrink its deficit, responding to pressure from the European Union and financial markets to do more to remedy its finances.
Source: MarketWatch.com - Top Stories | 12 May 2010 | 4:11 am European stocks rise as gold hits new record (AFP)
Source: Yahoo! News: Stock Markets News | 12 May 2010 | 4:05 am Indications: U.S. stock futures in tight range as gold jumpsTraders flocked to gold amid uncertainty over how governments will combat staggering debt levels.
Source: MarketWatch.com - Top Stories | 12 May 2010 | 4:05 am Afriqiyah jet crashes with 104 on board in TripoliMore than 100 people died Wednesday when a Libyan Afriqiyah Airways plane crashed on final approach to Tripoli International airport, according to published reports.
Source: MarketWatch.com - Top Stories | 12 May 2010 | 4:05 am ING, Aegon swing to profit as write-downs shrinkDutch financial-services firms ING and Aegon both swung into the black in the first quarter, helped by falling write-downs and investment losses.
Source: MarketWatch.com - Top Stories | 12 May 2010 | 4:01 am Bond prices up on new coalitionUK government bond prices rise, as investors give a cautious welcome to the country's new coalition government.Source: BBC News | Business | World Edition | 12 May 2010 | 4:00 am Cameron and Clegg get to workDavid Cameron and Nick Clegg began work on the historic Conservative-Liberal Democrat coalition as they begin to tackle the UK’s dire economic situationSource: Financial Times - US homepage | 12 May 2010 | 3:59 am Eurozone economy grows by modest 0.2 percent in Q1 (AP)AP - The economy of the 16 countries that use the euro currency grew modestly during the first quarter of the year, despite a further big drop in output in debt-laden Greece.Source: Yahoo! News: Business News | 12 May 2010 | 3:59 am Japan's Nissan returns to profitNissan reports an annual profit and the carmaker's president says the company is on track for "complete recovery".Source: BBC News | Business | World Edition | 12 May 2010 | 3:59 am Very Little For Germany In A United EuropeThe head of the IMF, Dominique Strauss-Kahn, says he has encouraged European nations to join forces more closely by aligning their economies more tightly to combat future disasters like the Greek debt crisis. The steps in the direction he has suggested include a more powerful central bank and an easing of any restrictions against cross-border financial transactions. It [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 May 2010 | 3:59 am Spain cuts salaries as Europe faces up to crisis (AFP)
Source: Yahoo! News: Business News | 12 May 2010 | 3:57 am Spain unveils fresh budget cutsThe Spanish PM unveils plans to tackle his country's budget crisis amid concerns that problems afflicting Greece may spread.Source: BBC News | Business | World Edition | 12 May 2010 | 3:56 am UK unemployment hits highest since 1994The number of Britons out of work in the three months to March rose by 53,000 to 2.51 million — the highest number since 1994 when the last Conservative Government was in power, official data showed. Source: Latest Business News from Times Online | 12 May 2010 | 3:55 am UK unemployment hits 2.51 millionThe UK jobless total rose by 53,000 to 2.51 million during the three months to March, official figures show.Source: BBC News | Business | World Edition | 12 May 2010 | 3:54 am Morgan Stanley probed by Federal authorities: reportTOKYO (Reuters) - U.S. federal investigators are probing whether Morgan Stanley misled investors about mortgage derivative products it helped create and sometimes bet against, the Wall Street Journal said, citing people familiar with the matter.
Source: Reuters: Business News | 12 May 2010 | 3:54 am Morgan Stanley probed by Federal authorities: report (Reuters)
Source: Yahoo! News: Business News | 12 May 2010 | 3:54 am Europe Markets: ING, Deutsche Telekom lead gains for EuropeEarnings-related gains from ING and Deutsche Telekom offset lingering worries over the state of Europe's debt situation.
Source: MarketWatch.com - Top Stories | 12 May 2010 | 3:52 am Green groups hope Gulf spill galvanizes movement (AP)
Source: Yahoo! News: Business News | 12 May 2010 | 3:51 am Bank of England signals interest rates will stay low for longer than expectedBank delivers its latest Inflation Report as David Cameron's new coalition Government takes power.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 May 2010 | 3:48 am Developed markets becoming more like emergingDeveloped market price swings could become more like those seen in emerging markets owing to the credit crunch and the current sovereign debt crisis, according to a leading quantitative analyst.
Source: MarketWatch.com - Top Stories | 12 May 2010 | 3:41 am Metals Stocks: Gold futures surge above $1,239 an ounceGold futures top $1,239 an ounce, extending the hefty gains seen in New York as European debt concerns continue to draw investors to the precious-metals market.
Source: MarketWatch.com - Top Stories | 12 May 2010 | 3:38 am American Concern About Immigration BalloonsConcern about employment has dominated American’s worries over the last several quarters, according to Gallup. Surprisingly, or perhaps not upon reflection of the events in Arizona, immigration has become a larger issue with many Americans in the last month Gallup reports that “immigration” now tops the list of concerns, based on its May poll, among 10% of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 May 2010 | 3:35 am Mass. estate of Dow Jones magnate on sale for $55M (AP)
Source: Yahoo! News: Business News | 12 May 2010 | 3:33 am Germany economy grows by 0.2% (AFP)
Source: Yahoo! News: Business News | 12 May 2010 | 3:30 am Nissan slashes quarterly loss to $125 million (AP)
Source: Yahoo! News: Business News | 12 May 2010 | 3:29 am NBA team sale to Russian approvedThe US National Basketball Association approves the sale of the New Jersey Nets to Russian billionaire Mikhail Prokhorov.Source: BBC News | Business | World Edition | 12 May 2010 | 3:27 am Morgan Stanley deals under scrutiny - reportU.S. federal prosecutors are looking into whether Morgan Stanley misled investors about complex mortgage derivatives it designed, according to the Wall Street Journal.Source: Business and financial news - CNNMoney.com | 12 May 2010 | 3:24 am Gold soars to record $1,220 an ounceGold settled at its all-time high Tuesday, after building upward momentum since last week's stock market "flash crash."Source: Business and financial news - CNNMoney.com | 12 May 2010 | 3:24 am Let taxpayers cover your mortgageUnemployed? Owe more on your mortgage than your home is worth? Your state might one day pay your mortgage.Source: Business and financial news - CNNMoney.com | 12 May 2010 | 3:23 am Interpol hunt former Icelandic bank chief Sigurdur EinarssonSigurdur Einarsson, the ex-chairman and chief executive of collapsed Icelandic bank Kaupthing, is wanted by Interpol on suspicion of forgery and fraud.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 May 2010 | 3:15 am FTSE rebounds on first day of new government (AFP)
Source: Yahoo! News: Stock Markets News | 12 May 2010 | 3:15 am Stock futures rise as Europe debt fears ease (Reuters)
Source: Yahoo! News: Stock Markets News | 12 May 2010 | 3:14 am Stock futures rise as Europe debt fears ease(Reuters) - U.S. stock index futures pointed to a higher start for Wall Street on Wednesday, on track to reverse the previous session's losses, with futures for the Dow Jones, S&P 500 and Nasdaq all up around 0.2 percent by 04:40 a.m. EST.
Source: Reuters: Business News | 12 May 2010 | 3:14 am Starbucks Goes Further Down Market To Protect It TurfStarbucks Corp (NASDAQ: SBUX), the home of the $4 latte, has moved down market for some time to defend its turf against firms like McDonald’s (NYSE: MCD) which offer less expensive “designer” coffee. The world’s largest fast food chain effectively undercut Starbucks in the latte business by offering similar brew at half the price. Last year, Starbucks [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 May 2010 | 3:10 am Bribe your workers to be healthyWant to reward -- or bribe -- your workers for healthy lifestyle choices? Provisions in the new reform law offer aid, and even some cash, to small businesses that run wellness and prevention programs for their employees.Source: Business and financial news - CNNMoney.com | 12 May 2010 | 3:10 am Goldman deal with SEC could be costlyIf you can't fight the federal government, you may as well pay 'em. Especially if you're Goldman Sachs.Source: Business and financial news - CNNMoney.com | 12 May 2010 | 3:03 am A Value Fund With ValuesThe Appleseed Fund's managers find rich rewards through socially responsible investing.
Source: SmartMoney.com | 12 May 2010 | 3:01 am 3 Stocks Producing 10% Free Cash Yields (Screens)Hough: These firms generate plenty of excess funds to spend on shareholders.
Source: SmartMoney.com | 12 May 2010 | 3:01 am Should You Join the Free Shipping Club? (Deal of the Day)Barnes & Noble members now get free shipping. Figure out if it's worth the price.
Source: SmartMoney.com | 12 May 2010 | 3:01 am 10 Things Your Cellphone Service Won't Say (10 Things)Dead zones, extra fees and early termination penalties are just some.
Source: SmartMoney.com | 12 May 2010 | 3:01 am 6 Ways to Find Affordable SAT Prep Programs (Education and Your Money)SAT prep courses can cost thousands of dollars. Here's how to save.
Source: SmartMoney.com | 12 May 2010 | 3:00 am Drilling under way for Canada's deepest oil well (AFP)
Source: Yahoo! News: Business News | 12 May 2010 | 3:00 am Nissan echoes cautious outlook; eyes Micra boostYOKOHAMA, Japan (Reuters) - Nissan Motor Co expects growth in emerging markets and launches of new models such as its Micra compact to provide only a modest boost to profits this year, in a cautious view echoing its larger Japanese rivals.
Source: Reuters: Business News | 12 May 2010 | 2:59 am Free OfficeWhy Microsoft bets that free software will be big businessSource: BBC News | Business | World Edition | 12 May 2010 | 2:57 am Microsoft launch aims at GoogleMicrosoft prepares to launch the latest version of its Office software, with features similar to those offered by Google.Source: BBC News | Business | World Edition | 12 May 2010 | 2:56 am The Power Of Brands: Google + Verizon Take On AppleApple Inc’.s (NASDAQ: AAPL) products are so successful that when it comes to competing with them, every company that tries gets a swing at the pinata. Very few hit it, at least with any force. The iPod was successful enough that several firms tried to get a piece of its market. The most visible failed [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 May 2010 | 2:43 am Asia stocks mixed amid slowdown fear; Europe gains (AP)
Source: Yahoo! News: Business News | 12 May 2010 | 2:43 am Asia stocks mixed amid slowdown fear; Europe gains (AP)
Source: Yahoo! News: Stock Markets News | 12 May 2010 | 2:43 am European stocks slide in opening deals (AFP)
Source: Yahoo! News: Stock Markets News | 12 May 2010 | 2:40 am Stocks shrug off eurozone debt fearsGlobal Markets Overview: European shares move into positive territory, shrugging off early losses, as gold hits a fresh high amid fears over the ECB’s move to buy eurozone government debtSource: Financial Times - US homepage | 12 May 2010 | 2:32 am Stocks shrug off eurozone debt fears9.30 BST: European shares have moved into positive territory, shrugging off early losses, helped by tough package of austerity measures from Spain and some stronger than expected corporate results. ...Source: RSS feed - channel BNPaperBusiness | 12 May 2010 | 2:32 am Spanish cuts, German growth boost stocks, euroLONDON (Reuters) - European shares jumped more than 1 percent and the euro strengthened on Wednesday on signs of continued German growth and Spain's plans to cut its deficit.
Source: Reuters: Business News | 12 May 2010 | 2:29 am Spain unveils billions in deficit cuts to halt eurozone crisis fearsSpain will slash public spending by €6bn and cut civil servants' by 5pc salaries this year as part of a plan to ease fears the country could slide into a debt crisis like that of Greece.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 May 2010 | 2:24 am Passenger plane crashes in Libya, 105 deadA passenger plane crashed in Libya on Wednesday, killing 105 people, Al Arabiya television said, citing official sourcesSource: Financial Times - US homepage | 12 May 2010 | 2:14 am FTSE higher as traders watch Downing StLondon equities rose on Wednesday as investors expressed relief at the formation of a new coalition government and its prospects for reducing the UK's budget deficit. The FTSE 100 ticked eight...Source: RSS feed - channel BNPaperBusiness | 12 May 2010 | 2:12 am German growth lifts eurozone prospectsGermany’s economy performed significantly better than expected in the first quarter of this year, helping lift prospects for the 16-country eurozone, despite the crisis over public financesSource: Financial Times - US homepage | 12 May 2010 | 2:08 am ITV fails in final bid to abolish price controls on advertisingThe Competition Commission today dashed ITV’s remaining hopes that it would be allowed to raise charges for advertisers. Source: Latest Business News from Times Online | 12 May 2010 | 2:06 am Fun race?Environmental fears over South American car rallySource: BBC News | Business | World Edition | 12 May 2010 | 1:52 am FTSE 100 lifted by coalition deal and Spanish austerity promiseThe FTSE 100 has moved into positive territory, despite falling through the 5,300 level at the start of the day, as markets welcomed the coalition government and new Spanish austerity measures. Source: Latest Business News from Times Online | 12 May 2010 | 1:52 am Next task: Fix Social SecurityReforming Social Security is still a hot-button issue. But relative to other measures needed to stabilize U.S. debt, it should be a snap.Source: Business and financial news - CNNMoney.com | 12 May 2010 | 1:44 am ITV loses battle against CRRITV failed in its bid to win more freedom to set advertising prices as the UK watchdog ruled it must continue to allow advertisers to renew their existing contracts, adjusted for audience share.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 May 2010 | 1:43 am Media Digest 5/11/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: The SEC said there was no single cause of the market plunge. Reuters: The Senate approved a single audit of the Fed. Reuters: Morgan Stanley Group (NYSE: MS) is the subject of a federal probe of its activity in the mortgage derivatives market. Reuters: Regulators said they have no estimates for the costs to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 12 May 2010 | 1:40 am NZ market drifts lower in quiet tradeThe New Zealand sharemarket drifted lower in quiet trading today as investors adopted a wait and see attitude to next week's government budget.The benchmark NZX-50 index closed down 10.946 points, or 0.346 per cent, at 3156.078....Source: nzherald.co.nz - Business | 12 May 2010 | 1:26 am Germany's growth beats forecastsThe German economy, Europe's largest, grew by 0.2% in the first quarter of 2010, beating forecasts of zero growth.Source: BBC News | Business | World Edition | 12 May 2010 | 1:21 am A volatile day for stocksStocks seesawed Tuesday, losing steam late in a volatile session, as investors welcomed Europe's $1 trillion aid package, but showed caution amid the recent market turmoil.Source: Business and financial news - CNNMoney.com | 12 May 2010 | 1:21 am Department store facing closurePlymouth department store, Derry's, which went into administration is to close if another buyer cannot be found, receivers have said.Source: BBC News | Business | World Edition | 12 May 2010 | 1:19 am Samsung Life makes a robust debutSamsung Life, South Korea's biggest life assurer, jumped on its debut in Seoul after raising $4.4bn in the country's largest initial public offering. Shares of the company started trading at Won119,500...Source: RSS feed - channel BNPaperBusiness | 12 May 2010 | 1:08 am Strike idles Boeing's Long Beach plantWorkers who assemble the company's C-17 cargo jet reject a contract offer, citing benefits concessions. As if...Source: RSS feed - channel BNPaperBusiness | 12 May 2010 | 1:00 am Google's Android smart-phone sales leapfrog Apple's iPhoneIf Apple Inc. had dreams of dominating the future of mobile phones, Google Inc. may have just given its rival a rude wake-up call.
Source: L.A. Times - Business | 12 May 2010 | 1:00 am Colombia's oil production is gushingOutput is expected to reach at least 1.2 million barrels a day by the end of 2012, one oil company official says, nearly double the average daily production reached last year. ...Source: RSS feed - channel BNPaperBusiness | 12 May 2010 | 1:00 am Genetic testing kits to be sold at drugstoresThe FDA is investigating claims Pathway Genomics is making in marketing the test, which has not been approved by regulators. Scientists fear that consumers will misuse or misunderstand the results. ...Source: RSS feed - channel BNPaperBusiness | 12 May 2010 | 1:00 am With TV Everywhere, pay-TV industry seeks to fend off an Apple invasionFearful that they'll suffer the same fate as the music business, television firms are racing to come up with services such as TV Everywhere, which would let paying customers view shows on any device. ...Source: RSS feed - channel BNPaperBusiness | 12 May 2010 | 1:00 am Google's Android smart-phone sales leapfrog Apple's iPhoneIf Apple Inc. had dreams of dominating the future of mobile phones, Google Inc. may have just given its rival a rude wake-up call.Source: RSS feed - channel BNPaperBusiness | 12 May 2010 | 1:00 am Genetic testing kits to be sold at drugstoresThe FDA is investigating claims Pathway Genomics is making in marketing the test, which has not been approved by regulators. Scientists fear that consumers will misuse or misunderstand the results.Genetic testing is making its way to the corner drugstore, and federal regulators aren't too happy about it.
Source: L.A. Times - Business | 12 May 2010 | 1:00 am Regulators unable to explain Dow's 700-point fallSEC chairwoman says no evidence has been found to support a 'fat-finger' error or other rumored causes, but new trading rules to prevent a repeat are being formulated. ...Source: RSS feed - channel BNPaperBusiness | 12 May 2010 | 1:00 am Gulf of Mexico oil spill may scuttle California offshore drilling dealThe Tranquillon Ridge project in the Santa Barbara Channel was supported by a number of environmental groups. But now it looks dead in the water. ...Source: RSS feed - channel BNPaperBusiness | 12 May 2010 | 1:00 am Regulators unable to explain Dow's 700-point fallSEC chairwoman says no evidence has been found to support a 'fat-finger' error or other rumored causes, but new trading rules to prevent a repeat are being formulated.Federal regulators working around the clock have yet to pinpoint the cause of last week's rapid stock market plunge, but they've learned enough to propose changes to prevent a repeat, Securities and Exchange Commission Chairwoman Mary Schapiro said Tuesday.
Source: L.A. Times - Business | 12 May 2010 | 1:00 am With TV Everywhere, pay-TV industry seeks to fend off an Apple invasionFearful that they'll suffer the same fate as the music business, television firms are racing to come up with services such as TV Everywhere, which would let paying customers view shows on any device.Last fall, Apple Inc.'s head of Internet services began making the Hollywood rounds with a proposal to launch a subscription television service that would offer a package of broadcast shows for $10 a month.
Source: L.A. Times - Business | 12 May 2010 | 1:00 am Strike idles Boeing's Long Beach plantWorkers who assemble the company's C-17 cargo jet reject a contract offer, citing benefits concessions.As if layoffs, cuts in production rates and dwindling orders weren't enough, Boeing Co.'s C-17 cargo jet plant in Long Beach got another obstacle thrown its way Tuesday when 1,700 assembly workers went on strike, halting production lines indefinitely.
Source: L.A. Times - Business | 12 May 2010 | 1:00 am Colombia's oil production is gushingOutput is expected to reach at least 1.2 million barrels a day by the end of 2012, one oil company official says, nearly double the average daily production reached last year.Brazil and its huge offshore oil finds may be getting much of the oil world's attention these days, but Latin America's energy scene has another rising star: Colombia.
Source: L.A. Times - Business | 12 May 2010 | 1:00 am Gulf of Mexico oil spill may scuttle California offshore drilling dealThe Tranquillon Ridge project in the Santa Barbara Channel was supported by a number of environmental groups. But now it looks dead in the water.It isn't just the waters of the Gulf of Mexico that have been turned murky by the Deepwater Horizon oil spill.
Source: L.A. Times - Business | 12 May 2010 | 1:00 am Toyota reports fiscal-year profit of $2.3 billionThe carmaker rides cost-cutting and a rebounding economy to an annual profit despite an expensive litany of troubles in the last year.Massive recalls, federal probes and a record fine — they were all just speed bumps for Toyota Motor Corp.
Source: L.A. Times - Business | 12 May 2010 | 1:00 am Filmmakers flock to forum on state tax creditsIncentives Office, an L.A. firm that helps moviemakers and lenders navigate tax credits and rebates, draws 200 to a recent symposium.Question: How do you pack a theater with jaded movie industry professionals?
Source: L.A. Times - Business | 12 May 2010 | 1:00 am Business Bullet: Euro, Gold, UK deficit, FirstThe latest news on: Euro, Gold, UK deficit, FirstSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 May 2010 | 12:59 am Thai 'red shirts' face midnight ultimatumMilitary says it will cut off water and power supplies to the anti-government demonstrators and move to shift them from their fortified encampment in the heart of Bangkok’s commercial districtSource: Financial Times - US homepage | 12 May 2010 | 12:37 am David Cameron's coalition government: live reaction from markets and businessThe reaction of business and markets to the Conservative-Lib Dem coalition on its first day in power.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 May 2010 | 12:35 am Fantasy Fund Manager: £50,000 to be won£50,000 worth of prizes in our new free fantasy fund competition.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 May 2010 | 12:30 am Bank of England likely to signal interest rates to stay lowBank to deliver its latest Inflation Report as David Cameron's new coalition Government takes power.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 12 May 2010 | 12:05 am Michiel Jaski Steps Down From the Executive Board of ArcadisSource: RSS feed - channel BNewsBusiness | 11 May 2010 | 11:59 pm Post Office offers first-time buyers a helping handThe Post Office today increased its assault on the mortgage market with the launch of a range of deals for first-time buyers.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 May 2010 | 11:47 pm The cost of unemployment insuranceThousands of people are facing the spectre of job losses with public spending cuts a priority for the new Government.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 May 2010 | 11:46 pm Morgan Stanley probed by Federal authorities: report(Reuters) - U.S. federal investigators are probing whether Morgan Stanley misled investors about mortgage derivative products it helped create and sometimes bet against, the Wall Street...Source: RSS feed - channel BNewsBusiness | 11 May 2010 | 11:42 pm Dollar falls on renewed euro concernThe New Zealand dollar fell today on worries about the ability of the rescue package for the euro to solve debt issues in that part of the world.It consolidated at lower levels against sterling, which was bolstered by the formation...Source: nzherald.co.nz - Business | 11 May 2010 | 11:40 pm Asian stocks fall on global slowdown concernsMajor Asian stock markets fell Wednesday amid concerns global economic growth will slow later this year as government stimulus spending winds down. Japan's benchmark Nikkei 225 stock...Source: RSS feed - channel BNewsBusiness | 11 May 2010 | 11:39 pm AEGON's 2009 Total Embedded Value Reaches EUR 17.8 BillionSource: RSS feed - channel BNewsBusiness | 11 May 2010 | 11:34 pm AEGON Posts Strong Results for First Quarter 2010Source: RSS feed - channel BNewsBusiness | 11 May 2010 | 11:29 pm Opel's fate hangs on Berlin meeting on WednesdayFRANKFURT (Reuters) - The last major European country to approve keeping Opel afloat with money backstopped by taxpayers could make a preliminary recommendation on Wednesday affecting as...Source: RSS feed - channel BNewsBusiness | 11 May 2010 | 11:19 pm Opel's fate hangs on Berlin meeting on WednesdayFRANKFURT (Reuters) - The last major European country to approve keeping Opel afloat with money backstopped by taxpayers could make a preliminary recommendation on Wednesday affecting as many as 120,000 jobs in Germany alone.
Source: Reuters: Business News | 11 May 2010 | 11:19 pm More U.S. home sellers cut prices as tax credit ends (Reuters)
Source: Yahoo! News: Business News | 11 May 2010 | 10:32 pm Euro slips on EU debt woes, Asian stocks softSINGAPORE (Reuters) - The euro slipped on Wednesday on nagging worries about festering euro zone debt problems despite a $1 trillion rescue package unveiled this week, which fueled a...Source: RSS feed - channel BNewsBusiness | 11 May 2010 | 10:31 pm Oil extends losses to below $76 as euro weakensOil prices fell below $76 a barrel Wednesday in Asia as investors weighed growing global crude demand against a fragile euro. Benchmark crude for June delivery was down 45 cents to...Source: RSS feed - channel BNewsBusiness | 11 May 2010 | 10:11 pm Australian banks face massive legal actionAustralia's banks are facing legal action for overcharging millions of customers in penalty and late fees, the Sydney Morning Herald is reporting.Leading litigation funder IMF Australia will pay for more than 10 class actions...Source: nzherald.co.nz - Business | 11 May 2010 | 10:06 pm Asia Pacific Contact Center Outsourcing Market Projected to Reach US$20.3 Billion by 2011Source: RSS feed - channel BNewsBusiness | 11 May 2010 | 10:01 pm Ceridian-UCLA Pulse of Commerce Index(TM) Drops 0.3 Percent in April, Signaling a Stalled Economic RecoverySource: RSS feed - channel BNewsBusiness | 11 May 2010 | 10:01 pm Workers 'trying their luck' as grievance claims riseUnjustified disadvantage cases are up 26 per cent as employees increasingly "try their luck" during recessionary times, the Northern Employment and Manufacturers Association said.Figures out today show the number of personal grievance...Source: nzherald.co.nz - Business | 11 May 2010 | 8:58 pm SEC: Regulators yet to determine cause of plunge (AP)
Source: Yahoo! News: Stock Markets News | 11 May 2010 | 8:19 pm FCC wants to prevent surprise cell billsIf federal regulators get their way, you may soon be warned before you receive another unexpectedly high bill from your cell phone company.Source: Business and financial news - CNNMoney.com | 11 May 2010 | 7:46 pm Banks should have living wills in case of failure, FDIC saysThe idea would be to have the financial firms and the FDIC craft a blueprint for shutting the banks down without sending jolts through other companies and the economy.In case of pending death, the country's major banks should have living wills, the Federal Deposit Insurance Corp. proposed Tuesday, so that they can be shut down if need be in an orderly fashion.
Source: L.A. Times - Business | 11 May 2010 | 7:46 pm AIG committee hires financial adviser: reportNEW YORK (Reuters) - A special board committee of American International Group Inc has hired its own financial adviser, a sign the insurance company is setting plans to repay taxpayers, the Wall Street Journal reported on Tuesday.
Source: Reuters: Business News | 11 May 2010 | 7:44 pm Google, Verizon team upSource: Business and financial news - CNNMoney.com | 11 May 2010 | 7:42 pm Vodafone offer pushes Commission to regulateVodafone's latest marketing deal has pushed the Commerce Commission to backtrack on an earlier decision and it is now recommending the Government regulate mobile phone 'termination rates'.The commission has been concerned mobile...Source: nzherald.co.nz - Business | 11 May 2010 | 7:00 pm DNZ Property trading halt remains as vote countedA trading halt on shares of DNZ Property remains in place as counting of votes on five motions put to a special meeting of shareholders in Auckland today continues.The halt on the shares, which trade on the Unlisted market, was...Source: nzherald.co.nz - Business | 11 May 2010 | 6:30 pm SEC says no single cause of market plungeNEW YORK/WASHINGTON (Reuters) - The top securities regulator said no single event had been found to explain Thursday's mysterious market plunge, but the shocking drop was unacceptable and additional safeguards were coming.
Source: Reuters: Business News | 11 May 2010 | 6:24 pm SEC says no single cause of market plunge (Reuters)
Source: Yahoo! News: Stock Markets News | 11 May 2010 | 6:24 pm California county seeks to ban toys at fast-food chainsHealth campaigners have opened up another front in the battle against childhood obesity after a California county prepared to approve a ban on the use of toys and gifts to sell fast-food mealsSource: Financial Times - US homepage | 11 May 2010 | 6:16 pm Lib Dems win tax concession for poorest and agree to speed up deficit cutsDavid Cameron and Nick Clegg have agreed to increase capital gains tax to help to pay for the Lib Dem pledge of taking the poorest out income tax. Source: Latest Business News from Times Online | 11 May 2010 | 6:01 pm Toyota recovers from damaging global recall to record £1bn profitThe world’s biggest carmaker has shrugged off the problems that forced it to recall more than eight million vehicles to report a return to profit. Source: Latest Business News from Times Online | 11 May 2010 | 6:01 pm Disney surges 55% to second-quarter $953m$ Source: Latest Business News from Times Online | 11 May 2010 | 6:01 pm Fund managers ‘sold clients down the river’ over Bernard MadoffTwo hedge fund managers in New York knew that Bernard Madoff was operating a phony investment fund as long ago as 1997 but kept advising clients to invest with him so that they could collect fees, New York’s attorney-general has alleged. Source: Latest Business News from Times Online | 11 May 2010 | 6:01 pm Regulators remain mystified by Dow’s 1,000 point freefall Source: Latest Business News from Times Online | 11 May 2010 | 6:01 pm Successful gilt auction adds lustre to recoveryHopes that the economic recovery is gathering momentum were boosted yesterday by upbeat figures and a successful gilt auction. Source: Latest Business News from Times Online | 11 May 2010 | 6:01 pm Fuller’s fashion website closed for lack of fundsAn upmarket fashion website co-founded by Simon Fuller has been closed after its owner pulled the plug on funding. Source: Latest Business News from Times Online | 11 May 2010 | 6:01 pm New York sues money manager in Madoff scandalNew York's attorney general sued a hedge fund management firm and two of its former executives on Tuesday, claiming they discovered a decade ago that Bernard Madoff wasn't being truthful about his investment methods, but kept their...Source: nzherald.co.nz - Business | 11 May 2010 | 6:00 pm Watchdogs weigh uniform ‘circuit breakers’The two biggest US stock exchanges agreed that the ‘circuit breakers’ that interrupted trading at times of volatility in response to last week’s market turmoil should be made common to the industrySource: Financial Times - US homepage | 11 May 2010 | 5:52 pm Disney's earnings rise, thanks to AliceWalt Disney Co.'s profit and revenue surpassed analysts' expectations Tuesday, as the media giant's TV networks and movie studios outperformed its theme parks.Source: Business and financial news - CNNMoney.com | 11 May 2010 | 5:31 pm Senate OKs Fed audit as part of bank overhaulWASHINGTON (Reuters) - The Senate on Tuesday challenged the Federal Reserve's tradition of secrecy but postponed an overhaul of mortgage finance giants Fannie Mae and Freddie Mac under a massive reform of banking regulations.
Source: Reuters: Business News | 11 May 2010 | 5:13 pm China's Hot Growth Stirs Worries Over Prices, Gov't Policy (Investor's Business Daily)Investor's Business Daily - Chinese stocks fell into a bear market Tuesday as bubbling inflation and real estate prices fueled expectations that Beijing will take further steps to slow the booming economy.Source: Yahoo! News: Stock Markets News | 11 May 2010 | 5:07 pm Accommodation stats up 3pc in MarchInternational visitors spent 1.6 million guest nights in commercial accommodation during March - up 42,000 or three per cent from a year earlier, figures out today reveal.The data from Statistics New Zealand also showed a two...Source: nzherald.co.nz - Business | 11 May 2010 | 5:00 pm Vodafone users hit by internet problemVodafone customers are experiencing problems with their internet this morning, the company says.Vodafone's fixed-line internet - including broadband and dialup - and mobile internet were affected, along with email services.Customers...Source: nzherald.co.nz - Business | 11 May 2010 | 4:52 pm Top After-Hours Movers (AONE, ACHN, CWS, ERTS, FUQI, MBLX, NLST, SPWRA, DIS)Tonight’s biggest after-hours movers we have seen are as follows: A123 Systems, Inc. (NASDAQ: AONE), Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN), China Wind Systems, Inc. (NASDAQ: CWS), Electronic Arts Inc. (NASDAQ: ERTS), Fuqi International, Inc. (NASDAQ: FUQI), Metabolix, Inc. (NASDAQ: MBLX), Netlist, Inc. (NASDAQ: NLST), SunPower Corporation (NASDAQ: SPWRA), and The Walt Disney Company (NYSE: DIS). [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 May 2010 | 4:45 pm Flat start for NZ sharesThe New Zealand sharemarket had a flat start to the day, as Fletcher Building shares fell a further 4c to be trading at their lowest level in nearly three months.Markets were dominated by fears that the bailout agreed for Europe...Source: nzherald.co.nz - Business | 11 May 2010 | 4:45 pm Summary Box: Stocks end mixed a day after rally (AP)AP - QUIET FINISH: Stocks fluctuated Tuesday but ended mixed, a day after surging on relief over a plan to help European countries struggling with their debts. The Dow Jones industrials fell 37 after jumping 405 on Monday.Source: Yahoo! News: Stock Markets News | 11 May 2010 | 4:08 pm The Tuesday Podcast: Athens And The Bond Kings Of Newport Beach When money was cheap, Paul Emmanuelides borrowed millions to build his brewery.(NPR/Chana Joffe-Walt) In Athens, everybody has a story about how easy it was to borrow money after Greece joined the euro and interest rates plummeted. On today's Planet Money, Chana Joffe-Walt brings back a few of those tales. Her cab driver upgraded from a Toyota to a Mercedes. Paul Emmanuelides, who owned a couple bars, borrowed 7 million euros to build an industrial brewery. People borrowed money to go on vacation -- then refinanced the loans. "It was like manna from heaven," one lady says. Where did all the money come from? A lot of it came from Newport Beach, home of the giant bond fund Pimco. Adam Davidson was there last week, and he spoke with Mohamed El-Erian, Pimco's CEO. The firm sold all of its Greek bonds last year. Since then, El-Erian says, Greece has tried to interest the firm in some of its newly issued debt: The Greek government came with lots of offerings. ... They said, "We are issuing five, seven billion, lots of people are participating, look how attractive these bonds are." ... We said, "Thank you very much, we appreciate it, but our analysis shows that sovereign risk is an issue." In other words, Pimco's still worried that the country won't be able to pay back all the money it's borrowed. Download the podcast, or subscribe. Music: The Black Keys' "Tighten Up." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 11 May 2010 | 4:06 pm Write-Offs: 05.11.10
$$$ Paulson To Close Advantage Funds To New Money [FINalternatives] $$$ Heidi Moore: Glitch Craft [The Big Money] $$$ Schapiro: No ‘Single Cause’ of Stock Dive [WSJ] 
Source: Dealbreaker | 11 May 2010 | 3:56 pm Presented By:Source: Dealbreaker | 11 May 2010 | 3:56 pm Stocks mostly hold gains after European bailout (AP)
Source: Yahoo! News: Stock Markets News | 11 May 2010 | 3:55 pm Analyst Take: Meru’s Opportunity in Cisco’s Wireless Space (MERU, CSCO, MOT, HPQ, ARUN)Meru Networks, Inc. (NASDAQ: MERU) saw its quiet period end this week after its recent IPO. Meru was supposed to be one of the hot-IPOs of this year as it is thought to go in wireless networks where Cisco Systems Inc. (NASDAQ: CSCO) is. Its pricing was at $15.00, the high-end of an adjusted $13 [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 May 2010 | 3:52 pm Asian Markets, Canadian Grain, Clean Harbors: Taking StockSource: Bloomberg - All Podcasts | 11 May 2010 | 3:15 pm Flat Finish for Stocks and ETFs (Daily ETF Wrap-Up)Indexes rise and fall and finish mixed. Gold rises, lifting funds.
Source: SmartMoney.com | 11 May 2010 | 3:15 pm Google’s comScore Search Share Shows Mixed Picture (GOOG, YHOO, MSFT, AOL, IACI)Earlier this month, we noted how Hitwise data showed Google Inc. (NASDAQ: GOOG) had regained some of its light losses in share of total US searches to be back above that 70% hurdle in April-2010. It turns out that all comparisons vary from survey to survey. comScore has data showing that Google’s total site search [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 May 2010 | 3:01 pm Putting an ETF in Your Nest EggETFs are trendy right now, but are they good for retirement portfolios?
Source: SmartMoney.com | 11 May 2010 | 3:00 pm Do You Want To Put A Face To The SEC Employee Who Surfed Tranny Porn On The Job?
Source: Dealbreaker | 11 May 2010 | 2:47 pm Traders Waffle Over Europe, Flock to Gold (Market Update)Indexes rise at midday, then ebb again. Gold strikes a new record.
Source: SmartMoney.com | 11 May 2010 | 2:29 pm A Buying Opportunity Gone in a Blink (Common Sense)Stewart: Why few investors could take advantage of last week's fall.
Source: SmartMoney.com | 11 May 2010 | 2:28 pm Strauss-Kahn calls for eurozone reformEurozone nations should take a big step towards integration with a new system of cross-border budgetary co-ordination, according to the head of the International Monetary FundSource: Financial Times - US homepage | 11 May 2010 | 2:20 pm Liz Claman Pitches, Hideki Matsui Catches
Source: Dealbreaker | 11 May 2010 | 2:13 pm Bernanke saw threat to US banks from Europe: ShelbyWASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Tuesday described the Greek debt crisis to lawmakers as a European dilemma but one that could have hit U.S. banks if left unattended, senior senators said.
Source: Reuters: Business News | 11 May 2010 | 2:09 pm Who benefits from Gulf oil spill?We're all losers from the oil spill in the Gulf of Mexico. But there are going to be some winners, too. Rob Schmitz explains.Source: Marketplace | 11 May 2010 | 2:00 pm How Much More for Fannie and Freddie? (On the Street)Economists discuss when the handouts for the mortgage giants might end.
Source: SmartMoney.com | 11 May 2010 | 1:27 pm Add Bank of America to the List of Successful Traders in the First Quarter
Revenue was more than $25 million 95 percent of the trading days in the first quarter, with the firm chalking up gains of over $125 million on 16 trading days between $75 million and $100 million on another 16 days. BofA said the gains were due to “more effective positioning” and “market conditions.”
Source: Dealbreaker | 11 May 2010 | 1:23 pm Not Everybody In Germany Is Cool With The Bailout Bild via Business Insider By Jacob Goldstein Bild, a popular German tabloid, ran the banner image up there on its English-language home page today. The "lion's share of that cash -- up to 123 billion -- is coming from Germany," the paper said. "If it is not paid back, the taxpayer will be left out of pocket. Just like with the Greek bailout!" Just to be clear, the bailout announced this week is a basically a line of credit, and nobody has borrowed against it yet. Still, now that yesterday's honeymoon is over, markets don't seem so psyched about the bailout either. Banks in Europe are still very nervous about lending money to each other. Insurance that pays off if European banks default on their debts is still relatively expensive. And the euro is still cheap. Inevitably, the news of the bailout has been followed by talk of moral hazard -- the notion that people and institutions who are protected against bad outcomes from risky behavior may be more likely to take big risks. All the big corporate bailouts during the financial crisis made this a big worry in the U.S. Now that the EU seems to be saying that euro-zone countries are also too big to fail, countries may be more likely to throw fiscal caution to the wind and spend their way into bailouts. EU officials are aware of the risk, and they're trying to figure out how to manage it. One possibility: Force euro-zone countries to give up some control over national budgets. Under a proposal described by the WSJ, euro-zone members would review nations' budgets before they go to national parliaments. If a super-majority of euro-zone members votes against the proposed budget, it would be rejected, and the national parliament wouldn't get to vote on it. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 11 May 2010 | 1:04 pm Dick Grasso Discusses May 6 Stock Plunge: First Word SpecialSource: Bloomberg - All Podcasts | 11 May 2010 | 12:58 pm MetroPCS Raised to `Buy,' MELA Sciences Cut to `Hold': AudioSource: Bloomberg - All Podcasts | 11 May 2010 | 12:57 pm BoNY Mellon unit charged with fraudThe New York attorney-general’s office has charged a Bank of New York Mellon subsidiary with fraud, saying it deliberately misled clients about investments tied to Bernard Madoff to protect its fee incomeSource: Financial Times - US homepage | 11 May 2010 | 12:56 pm Trust in poor communities builds profitsIn the developing world, the key innovation for marketing soda can be as simple as letting customers grab their own bottle. Gretchen Wilson explains.Source: Marketplace | 11 May 2010 | 12:56 pm Fannie, Freddie aid cost unclear: regulatorWASHINGTON (Reuters) - It is unclear how much U.S. taxpayers will eventually have to shell out to help mortgage finance giants Fannie Mae and Freddie Mac, the regulator of the two companies said on Tuesday.
Source: Reuters: Business News | 11 May 2010 | 12:56 pm America's sleep problemAuthor Patricia Morrisroe talks with Kai Ryssdal about her new book, "Wide Awake: A Memoir of Insomnia," whether we're sleeping less than we were 50 years ago, and when America's major sleep problem began.Source: Marketplace | 11 May 2010 | 12:56 pm Walgreens to sell personal gene testsDrugstore chain Walgreens has announced plans to sell genetic testing kits for diseases like cancer and cystic fibrosis. But Eve Troeh reports a little knowledge may be a dangerous thing.Source: Marketplace | 11 May 2010 | 12:56 pm A plan to split offshore oil agencyExecutives from BP and its drilling rig partners tried to explain to the Senate Energy Committee how the Gulf oil accident wasn't their fault. Now changes may be coming to the agency that regulates offshore drilling. Brett Neely reports.Source: Marketplace | 11 May 2010 | 12:55 pm Lessons for U.S. in the Greek debt crisisStates across the U.S. are facing a conundrum: how to balance their budgets without squeezing wages and benefits for state employees. Commentator Todd Buchholz says the Greek crisis offers some clues.Source: Marketplace | 11 May 2010 | 12:55 pm How new prime minister will affect U.K.European correspondent Stephen Beard talks with Kai Ryssdal about what will top the agenda of new British Prime Minister David Cameron and what the market reaction will be.Source: Marketplace | 11 May 2010 | 12:55 pm Investors nervous over Europe's bailoutEuropean officials approved a $975 billion rescue package to buy debt that made investors euphoric on Monday morning. But reality has set in, and investors are running from the continent. Alisa Roth reports.Source: Marketplace | 11 May 2010 | 12:55 pm Nokia launches fresh shake-upWorld’s largest handset maker announces another sweeping overhaul of its operating structure in a bid to regain lost ground from Apple in the crucial smartphone marketSource: Financial Times - US homepage | 11 May 2010 | 12:44 pm Real Estate Prices Up In 91 Of 152 Largest Cities In Q1The fact that median home prices rose in 91 out of the 152 largest cities in the US does not mean much, unless the fact is in light of the market’s two-year plunge. The National Association of Realtors reports that: In the first quarter, 91 out of 152 metropolitan statistical areas showed higher median existing [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 May 2010 | 12:41 pm Ray Dalio Explains His “Principles”
Ray Dalio’s (Updated!) Principles [PDF]
Source: Dealbreaker | 11 May 2010 | 12:23 pm Presented By:Source: Dealbreaker | 11 May 2010 | 11:30 am A Phone Call From And Framed Picture Of Lenny Dykstra Can Be Yours For Practically Nothing
Source: Dealbreaker | 11 May 2010 | 11:30 am Cliggott, Angel, Dunkelberg, Belski, Lyons: SurveillanceSource: Bloomberg - All Podcasts | 11 May 2010 | 11:28 am Nassim Taleb, Richard Franulovich: Bloomberg On the EconomySource: Bloomberg - All Podcasts | 11 May 2010 | 11:26 am Testing Jamie Dimon’s Cougar Knowledge
 Jamie and The (Booty) Hunter Last night at the Robin Hood Foundation’s annual gala, Jimmy Fallon appeared on stage wearing a cowboy hat, and in a Southern accent, sang an original song entitled “Cougar Huntin’.” Apparently it was funny and references to the group of 40+ year old women who seek out younger men to use as their sex toys then became the go-to joke for the rest of the night.
I don’t think I have to tell you that 9 times out of 10 we wouldn’t even dream of questioning Jamie Dimon’s expertise on anything. But in this one instance, we must ask– when JD called his wife Judy a cougar, did he do so: a) knowing exactly what a cougar is, i.e. making a “joke” that his leading lady hunts bars looking for younger dudes to bang b) thinking it just means a 40+ year old hot woman (which you can see, Judy Dimon certainly is), the age of her conquest being irrelevant (J and J met at Harvard Business School and are presumably around-ish the same age) c) implying that he’s much younger than his wife (I can’t tell you how many times I’ve thought to myself, in all seriousness, “James Dimon doesn’t look a day over 30″) d) you tell us
Source: Dealbreaker | 11 May 2010 | 11:15 am Bernanke to be Audited
Senate Backs One-Time Audit of Fed’s Bailout Role [NYT]
Source: Dealbreaker | 11 May 2010 | 11:00 am Bloomberg Law Bankruptcy Review: Westland Devco, BarclaysSource: Bloomberg - All Podcasts | 11 May 2010 | 10:57 am 50 Tips for Being Happier at Work
Most people are about as happy as they make up their minds to be. -Abraham Lincoln Suffering on the job? There are a number of things you can do to be happier at work. From getting along better with your boss to motivating yourself, we compiled 50 tips to up your attitude ante. Mental Tricks for Being Happier on the Job Forgive yourself for past procrastination. Your definition of success could affect your happiness. Techniques for staying happy during a stressful project. Work motivation is a do-it-yourself project. What to do when you’re bored to death at your job. Strategies to make work more gratifying. Yes, you can be happier at work. Discipline: It can be a drag, but will nourish your long-term happiness and success. A different take on being happy at work. Manage change to reduce your stress levels. Why do you really hate your job? Physical Ways to be Happier at Work Telecommuting, mentoring, and five more tips to be happier at work. Exercising on workdays could make you happier and less stressed. How badly do you need a vacation? Find a working environment that suits you to increase your potential for happiness. Work with the right people, and you’ll make life easier on yourself. Tips Galore Seven tips for making yourself happier in the next hour. 12 secrets for a happy workplace. 7 ways to be happier at work. 25 tips to become more productive and happy at work. 10 ways to be happy at work. Even if it’s not your dream job, you can still be happy at work. Having one of the best jobs in America will probably help boost your happiness. Sucking it up, careers, and how that makes you feel. Do what you love and the money will follow. Creating a Happy Team How to keep good employees in a bad economy (hint: it’s not all about the money). Trust and connection gives your team life. How to be the kind of manager whose employees are happy. Try giving employees complete control over their time to make them happier and productive. How employers can help boost the happiness of their employees. How to retain your best workers. If you have a lot of moms as employees, these tips will help you keep them happy. Workers respond when you dangle the right carrot. 9 ways to boost morale at work. Increase job satisfaction for your employees. Happiness and Your Boss Learn to manage your boss, and work will become easier. Is your boss making your life hard? Or is it you? Be happy at work, even with a jerk boss. Experts, Research, and Analysis on Happiness An expert interview focusing on activating your happiness on the job. What Night at the Museum can teach you about job happiness. Does happiness at work even matter? The top 3 reasons people are happy at work. Why being happy at work matters for business. One study found that we work harder, but we’re happier with our benefits. Detailed research on what makes office workers happier. Office happiness is a numbers game.
Source: Business Pundit | 11 May 2010 | 10:26 am Miss USA Pageant Goes Playboy to Boost Ratings
Miss America contestants have officially lost their innocence, thanks to a racy photo shoot in which they look…well, you can see for yourself here. The Miss USA pageant, co-owned by NBC and Donald Trump, was looking for more attention. They got it. MSNBC has more: This year, all 51 Miss USA contestants have posed for their official photos wearing seductive expressions on their faces and not a whole lot else on their bodies. Taken by fashion photographer Fadil Berisha in dramatic black-and-white, the shots feature racy lingerie, smoldering looks and plenty of bare skin. The photos seemed designed to generate controversy and buzz about the pageant, TODAY’s Matt Lauer suggested to pageant president Paula Shugart. “Yes, to some degree it’s marketing,” Shugart admitted from Las Vegas. “But we’ve always been the cutting-edge pageant. We are owned by Donald Trump. “It pushed their envelope, but they all enjoyed doing this,” Shugart added of the contestants. Besides, she told Lauer, the women in the pageant are not looking to bring peace to the world. They are all aspiring actresses and models. “Their dream is to be in the Victoria’s Secret fashion show,” Shugart said, and the “Waking Up in Vegas” shots are good practice. Lark-Marie Anton, a pageant spokeswoman, also weighed in via e-mail, telling NBC News: “We are in the business of beauty and the contestants who compete for the title of Miss USA are not afraid to be sexy. These ladies are the full package — smart, accomplished, relevant and sexy. That said, I think these photos definitely break the stereotype of what a ‘pageant girl’ looks like.” Does the Miss USA photo shoot go too far? Of course it does; that’s why everyone is paying attention. Thanks to America’s Puritanical tendencies, this stuff continues to shock and draw eyeballs–and profit its owners. I wish the little girls enamored with Miss USA weren’t forced to have escorts as their role models. This kind of media activities benefits business, but contributes to a culture of girls and women with low self-esteem, eating disorders, and the inability to differentiate between sexiness and promiscuity. This self-delusion, in turn, creates a reliance on industry for cures. There’s a lot of talk about sustainability in business today. But the tendency to create self-cannibalizing women has been largely overlooked in those efforts. Donald Trump just added another sliver of misconception to the female pie. If you want to do Trump a favor, watch Miss USA. If you want to do your little girls a favor, turn it off.
Source: Business Pundit | 11 May 2010 | 9:40 am iPhone, Android Can Now Scan Credit Cards
Square, a mobile credit card scanner created by Twitter’s Jack Dorsey, is now available for iPhone, Droid, and iPod Touch (it was initially designed for the iPad). Mashable has more: So far, without the card reader, the app was quite useless. This, however, is about to change. As Jack Dorsey writes on the Square blog: “Today, in addition to releasing clients for the iPhone, iPod touch, iPad, and Android devices, we are opening up our first cut at activating card processing and pricing, and sending out our first production batch of free card readers. All represent just the beginning of what Square is striving to become: a simple payment utility for everyone.” It is however still too early to judge the success of Square. As Dorsey himself admits, opening a merchant account to accept payment cards proved to be a difficult task, and the app development has taken much longer than expected. And when (and if) all obstacles are overcome, there’s still the question of whether people will actually use the application. Dorsey is on a roll. Twitter just opened a new business center. If this catches on, business could feasibly be run only on mobile devices.
Source: Business Pundit | 11 May 2010 | 8:57 am Symbol Of The Day: Auto Parts Factory Demolished To Make Room For CasinoBy Jacob Goldstein Virtue's nice and all, but it doesn't pay the bills. So broke states are turning to vice, this morning's WSJ reports. Ohio voters, for example, recently decided to allow casinos in their state. In Columbus, a closed Delphi auto-parts plant was knocked down last week to build a new casino. In the past couple years, a dozen states have expanded legalized gambling or considered doing so. A similar number have eased blue laws limiting liquor sales. And several states are considering bills that would legalize and tax the sale of marijuana, the WSJ says. There's a long history of governments looking to vice when times are tough. The federal government legalized betting on horse races during the depression. Prohibition was repealed in 1933, in part because of the need for tax revenue and the high cost of law enforcement. Ohio has a budget shortfall of more than $3 billion. That was enough to sway the state's governor, Ted Strickland, who previously called gambling a regressive tax on the poor. "If I had not been confronted with these difficult circumstances, I would have obviously opposed expanding gambling in Ohio," he told the WSJ. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 11 May 2010 | 7:51 am Lenhoff on U.K. Elections, Ladwa on Stocks: First WordSource: Bloomberg - All Podcasts | 11 May 2010 | 7:42 am Falling Chinese Auto Sales Affecting Palladium ETFs: AudioSource: Bloomberg - All Podcasts | 11 May 2010 | 7:31 am Android Outsells iPhoneBy Jacob Goldstein It feels like the world is still in the grip of iPhonemania. But maybe not: Phones running Google's Android operating system outsold the iPhone in the first quarter of this year. What's more, BlackBerry phones outsold both iPhones and phones running Android. BlackBerry phones, which run an operating system from Research In Motion, had 36 percent market share, according to NPD group, a research company. Android phones (including the widely advertised Droid) had a 28 percent share. And iPhones, which run Apple's own operating system, had a 21 percent share. It was the first time Android phones outsold iPhones. That helped Verizon -- which sells the Droid but not the iPhone -- become more of a player in the smartphone business, Bloomberg News notes. More action in the segment is likely in the relatively near future. HP just spent $1.2 billion to buy Palm, which has been lagging. Dell is going to start selling an Android phone. And Microsoft is expected to release a new mobile operating system later this year, Bloomberg says. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 11 May 2010 | 7:15 am 21st Century Pearly Gates
Source: Business Pundit | 11 May 2010 | 4:31 am
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