|
|
|
|
German lawmakers back euro aidBERLIN/BRUSSELS (Reuters) - Germany's parliament approved on Friday a $1 trillion safety net to stabilize the euro as fears swirled that Europe's debt crisis and tougher financial regulation may choke economic recovery.
Source: Reuters: Business News | 22 May 2010 | 4:06 am Turkmenistan snubs Russia in gas pipeline project (AFP)
Source: Yahoo! News: Business News | 22 May 2010 | 4:04 am Chrysler CEO confident about futureChrysler's boss says he is feeling confident about the automaker's future, a year after it emerged from bankruptcy, as it adds 1,100 jobs at a Detroit assembly plant. "This is a...Source: RSS feed - channel BNewsBusiness | 22 May 2010 | 3:45 am Chrysler CEO confident about future (AFP)
Source: Yahoo! News: Business News | 22 May 2010 | 3:45 am Geithner says sovereign debt crisis not biggest threatSHANGHAI (Reuters) - Treasury Secretary Timothy Geithner said he did not agree with current opinion that the sovereign debt crisis had become the biggest threat to the world economy, China's Xinhua news agency reported on Saturday.
Source: Reuters: Business News | 22 May 2010 | 3:27 am BA and Unite to hold fresh talksBritish Airways and the Unite union are to hold fresh talks on Saturday, under the guidance of conciliation service Acas.Source: BBC News | Business | World Edition | 22 May 2010 | 2:03 am Global stocks slip into corrections, bear marketsStock markets around the world are falling fast from recent peaks – into what are considered corrections or even bear markets – as investors tone down expectations for global growth.
Source: MarketWatch.com - Top Stories | 22 May 2010 | 1:41 am Obama setting nation's sights on fuel efficiency (AP)
Source: Yahoo! News: Business News | 22 May 2010 | 1:22 am Obama setting nation's sights on fuel efficiencyPresident Barack Obama is setting the nation's sights on vehicles that run on half the fuel they now use and give off half the pollution. Obama on Friday directed the government to set...Source: RSS feed - channel BNewsBusiness | 22 May 2010 | 1:22 am Market Snapshot: U.S. stock market mulls implications of correctionInvestors will decide whether the mass exodus from risky assets was overdone. The answer could depend on European efforts to stem sovereign-debt troubles and rescue the euro.
Source: MarketWatch.com - Top Stories | 22 May 2010 | 1:19 am Proposed CleanTech Corridor in downtown L.A. gets boostLand use experts from the Urban Land Institute issue recommendations for the area envisioned as a hot spot for environmentally sustainable companies. ...Source: RSS feed - channel BNPaperBusiness | 22 May 2010 | 1:00 am Hamptons again warmed by Wall Street's glowIn New York City's posh summer playground, overt displays of luxury and the real estate market are back, in step with the bonuses of financial professionals.The latest platinum earnings report from Goldman Sachs is one way to see the strength of Wall Street's rebound from the financial crisis. For another, just visit the Hamptons on Long Island's South Shore.
Source: L.A. Times - Business | 22 May 2010 | 1:00 am Hamptons again warmed by Wall Street's glowIn New York City's posh summer playground, overt displays of luxury and the real estate market are back, in step with the bonuses of financial professionals. ...Source: RSS feed - channel BNPaperBusiness | 22 May 2010 | 1:00 am Stocks gain in volatile trading after Thursday's sell-off; Dow rises 125 pointsInvestors are relieved that Germany's parliament approved its part of a bailout package for Greece and other troubled European countries. But European stocks are mixed.
Source: L.A. Times - Business | 22 May 2010 | 1:00 am Alfalfa sprouts recalled by L.A.-area firm after salmonella outbreakCaldwell Fresh Foods of Maywood issues a nationwide recall of the sprouts after more than 20 people in 10 states are reported falling ill. Four were hospitalized. ...Source: RSS feed - channel BNPaperBusiness | 22 May 2010 | 1:00 am Financier invests in Borders, becomes chairmanBennett LeBow, chairman of tobacco holding company Vector Group, is buying a 15.5% stake in the book seller for $25 million. He could increase his stake to 35%. ...Source: RSS feed - channel BNPaperBusiness | 22 May 2010 | 1:00 am Proposed CleanTech Corridor in downtown L.A. gets boostLand use experts from the Urban Land Institute issue recommendations for the area envisioned as a hot spot for environmentally sustainable companies.The four-mile stretch of land adjacent to the Los Angeles River in the city's downtown is rife with deteriorating buildings, crumbling sidewalks and potholed streets.
Source: L.A. Times - Business | 22 May 2010 | 1:00 am California employers keep adding jobsEmployers added 14,200 jobs in April, the fourth straight month of growth. But with more people looking for work, the state unemployment rate remained steady at 12.6%.California employers added jobs for the fourth straight month in April as the state's sluggish labor market continued to show signs of life.
Source: L.A. Times - Business | 22 May 2010 | 1:00 am Bob Kerrey in line to become Hollywood's chief lobbyistThe former governor and U.S. senator is the favored candidate to become CEO of the Motion Picture Assn. of America.Former U.S. Sen. Bob Kerrey is poised to become the next head of the Motion Picture Assn. of America.
Source: L.A. Times - Business | 22 May 2010 | 1:00 am U.S. pleas unlikely to sway China in high-level talksAmericans will press China for economic policy changes when representatives meet Monday and Tuesday in Beijing.As the United States opens top-level talks with China on Monday, the Obama administration will try to persuade Beijing to revalue its currency and back away from a policy of promoting Chinese innovation at the expense of foreign firms operating there.
Source: L.A. Times - Business | 22 May 2010 | 1:00 am Stocks gain in volatile trading after Thursday's sell-off; Dow rises 125 pointsInvestors are relieved that Germany's parliament approved its part of a bailout package for Greece and other troubled European countries. But European stocks are mixed.Source: RSS feed - channel BNPaperBusiness | 22 May 2010 | 1:00 am Harvey and Bob Weinstein's deal to reclaim Miramax Films falls apartThe brothers had hoped to acquire the assets of the independent studio they founded from Disney.Harvey and Bob Weinstein's bid to reclaim Miramax Films, the pioneering independent studio they founded in 1979, has been thwarted at the last minute.
Source: L.A. Times - Business | 22 May 2010 | 1:00 am U.S. pleas unlikely to sway China in high-level talksAmericans will press China for economic policy changes when representatives meet Monday and Tuesday in Beijing. ...Source: RSS feed - channel BNPaperBusiness | 22 May 2010 | 1:00 am Bob Kerrey in line to become Hollywood's chief lobbyistThe former governor and U.S. senator is the favored candidate to become CEO of the Motion Picture Assn. of America. ...Source: RSS feed - channel BNPaperBusiness | 22 May 2010 | 1:00 am Financier invests in Borders, becomes chairmanBennett LeBow, chairman of tobacco holding company Vector Group, is buying a 15.5% stake in the book seller for $25 million. He could increase his stake to 35%.Book seller Borders Group Inc. hopes to redefine itself with a new $25-million investment from financier Bennett LeBow, who will become its chairman and biggest shareholder.
Source: L.A. Times - Business | 22 May 2010 | 1:00 am Harvey and Bob Weinstein's deal to reclaim Miramax Films falls apartThe brothers had hoped to acquire the assets of the independent studio they founded from Disney. Harvey and Bob...Source: RSS feed - channel BNPaperBusiness | 22 May 2010 | 1:00 am Vital Signs: Keeping your adult kids on your health planAbout 1.2 million young adults stand to gain health insurance next year as new rules that allow them to join or stay on their parents’ employer-based plans until age 26 take effect in the next four months, according to a new study.
Source: MarketWatch.com - Top Stories | 22 May 2010 | 12:05 am FDIC, WaMu reach agreement on bankruptcy planWASHINGTON (Reuters) - Washington Mutual Inc and the Federal Deposit Insurance Corp have reached a global settlement that will return $7 billion to the bank's creditors, a critical step in the bankruptcy involving the biggest bank failure in U.S. history.
Source: Reuters: Business News | 21 May 2010 | 10:44 pm Jon Markman's Speculations: Seven worries for Wall Street, and what's nextIt was a global margin call, and no risky asset classes were spared a scrape with the capital-eroding bug this week. The weird thing, though, is that there really weren't any especially nasty headlines. The U.S. economic news wasn't red-hot, but markets have blithely cold-shouldered much worse in the past 12 months. So what's really going on?
Source: MarketWatch.com - Top Stories | 21 May 2010 | 10:03 pm Stocks to Watch: Stocks in focus Monday: Campbell, DonaldsonAmong the companies whose shares are expected to see active trading in Monday's session are Campbell Soup, Donaldson and Phillips-Van Heusen.
Source: MarketWatch.com - Top Stories | 21 May 2010 | 10:01 pm Outside the Box: Five companies ripe for a takeoverInvestors have deals on their minds, writes Hilary Kramer.
Source: MarketWatch.com - Top Stories | 21 May 2010 | 10:01 pm Facebook's privacy issues dog California candidateChris Kelly, the former Facebook Inc. privacy chief running for California attorney general, is absorbing an attack that makes use of his former employer’s privacy-related, public-relations meltdown.
Source: MarketWatch.com - Top Stories | 21 May 2010 | 10:01 pm As financial overhaul takes shape, it's crunch time for lobbyistsFew differences exist between the Senate and House bills, leaving little time to push for changes. Obama says his administration will keep the rules tough. ...Source: RSS feed - channel BNPaperBusiness | 21 May 2010 | 9:35 pm As financial overhaul takes shape, it's crunch time for lobbyistsFew differences exist between the Senate and House bills, leaving little time to push for changes. Obama says his administration will keep the rules tough.Banking and business lobbyists prepared a last-ditch effort Friday to scale back ambitious new regulations governing the financial industry, hoping to sway congressional leaders who are putting the finishing touches on the legislation.
Source: L.A. Times - Business | 21 May 2010 | 9:35 pm AIG execs won't face criminal charges: reportNEW YORK (Reuters) - U.S. federal prosecutors will not charge executives of American International Group Inc over credit default swaps, the Wall Street Journal reported on Friday.Source: RSS feed - channel BNewsBusiness | 21 May 2010 | 9:05 pm AIG execs won't face criminal charges: reportNEW YORK (Reuters) - U.S. federal prosecutors will not charge executives of American International Group Inc over credit default swaps, the Wall Street Journal reported on Friday.
Source: Reuters: Business News | 21 May 2010 | 9:05 pm Toyota investing in Tesla MotorsToyota is to invest $50m in electric car maker Tesla, as the two firms announce a partnership to build electric vehicles.Source: BBC News | Business | World Edition | 21 May 2010 | 8:57 pm Alfalfa sprouts recalled after at least 22 ill (AP)AP - Salmonella found in raw alfalfa sprouts appears to have sickened at least 22 people in 10 states, including a baby in Oregon, prompting a nationwide recall of the product.Source: Yahoo! News: Business News | 21 May 2010 | 8:39 pm Alfalfa sprouts recalled after at least 22 illSalmonella found in raw alfalfa sprouts appears to have sickened at least 22 people in 10 states, including a baby in Oregon, prompting a nationwide recall of the product. Caldwell FreshSource: RSS feed - channel BNewsBusiness | 21 May 2010 | 8:39 pm Month after oil spill, why is BP still in charge? (AP)
Source: Yahoo! News: Business News | 21 May 2010 | 7:59 pm Divine Skin (DSKX) Opens Trading Up at $0.30Source: RSS feed - channel BNewsBusiness | 21 May 2010 | 7:55 pm Air NZ picks up industry accoladesAir New Zealand has soared past Qantas at the annual world airline awards.Air New Zealand climbed from eighth-best in the world at last year's awards to fifth this year and was also named best Australia-Pacific airline in Hamburg,...Source: nzherald.co.nz - Business | 21 May 2010 | 7:51 pm UPDATE 2-Burkle and Weinstein say Miramax talks ongoing* Miramax has more than 600 films in library (Updates that Burkle and Weinstein say talks still going; adds deal financing)Source: RSS feed - channel BNewsBusiness | 21 May 2010 | 7:21 pm Viacom, YouTube fight gets "F***ing" uglyA set of documents released Friday reveal just how nasty the Viacom and YouTube legal battle has become.Source: Business and financial news - CNNMoney.com | 21 May 2010 | 7:17 pm LSE hints at building own clearing houseThe London Stock Exchange signalled on Friday a big shift in how the clearing business operates in the City of London by saying it was "reviewing" its long-standing relationship with LCH.Clearnet, the...Source: RSS feed - channel BNPaperBusiness | 21 May 2010 | 7:02 pm NZ brewers win top awardsTwo New Zealand brewers have taken out two of the top awards in the prestigious Australian International Beer Awards - one for its beer and the other for its six pack holder.Dunedin brewer Emerson's wheat beer Wiezenbock won the...Source: nzherald.co.nz - Business | 21 May 2010 | 6:35 pm Costa Rican Airline Announces New Unlimited Flight ProgramSource: RSS feed - channel BNewsBusiness | 21 May 2010 | 6:30 pm Okla. House, Senate OK $6.68B state budgetThe Oklahoma House and Senate on Friday gave final approval to a $6.68 billion budget bill for the upcoming fiscal year that cuts most state agency budgets by about 7 percent. But...Source: RSS feed - channel BNewsBusiness | 21 May 2010 | 6:16 pm Fund founder jailed for Galleon roleMark Kurland, a former Bear Stearns hedge fund founder, has been sentenced to 27 months in prison, the first sentencing in the insider trading case against Raj Rajaratnam’s fundSource: Financial Times - US homepage | 21 May 2010 | 6:12 pm US Treasury hires Lazard for GM floatThe US Treasury moved one step closer to recouping the $50 billion in bailout money it handed to General Motors, the troubled carmaker, with the appointment of the New York-based bank Lazard to handle an initial public offering for the company.$ Source: Latest Business News from Times Online | 21 May 2010 | 6:12 pm IPO VIEW-Weighing CBOE's worth in drought-breaking IPOCHICAGO/NEW YORK, May 21 (Reuters) - The Chicago Board Options Exchange, the oldest and biggest North American options market, is heading toward an initial public offering that would end a four-year drought...Source: RSS feed - channel BNewsBusiness | 21 May 2010 | 6:02 pm Thailand has been knocked ‘back to square one’Thailand’s reputation has been knocked “back to square one” by the eruption of deadly political violence on the streets of Bangkok and cannot expect investor confidence to return soon, the country’s Finance Minister said yesterday. Source: Latest Business News from Times Online | 21 May 2010 | 6:01 pm Asian billionaires could seal AIA deal for PrudentialThe Hong Kong billionaire Sir Li Ka-shing is among a handful of Asian tycoons who will spend this weekend deciding whether to invest in the Prudential’s takeover of AIA. Source: Latest Business News from Times Online | 21 May 2010 | 6:01 pm Coup at broker backed by star investorsRupert Lowe, chairman of the struggling stockbroker WH Ireland, has forced out his chief executive and his finance director. Source: Latest Business News from Times Online | 21 May 2010 | 6:01 pm Air France: We’ll fly you across the Channel for €80It is losing custom to high-speed trains and low-cost carriers, with its balance sheet deeper in the red than ever before and investors gloomy about prospects. Source: Latest Business News from Times Online | 21 May 2010 | 6:01 pm BP struggles to salvage its reputation over ‘cover-up’ of oil disasterBP was mounting a desperate battle yesterday to save its reputation in the United States, faced with growing accusations of a cover-up over the scale of the disaster in the Gulf of Mexico. Source: Latest Business News from Times Online | 21 May 2010 | 6:01 pm Special CCH Briefing Details Key Provisions of Senate-Passed Financial ReformSource: RSS feed - channel BNewsBusiness | 21 May 2010 | 6:01 pm Wall Street joyride ‘coming to end’ as Senators back Obama’s reform BillFor the second time in three months President Obama has coaxed Congress into far-reaching reforms that will help to define his legacy and regulate a powerful engine of the US economy for decades to come. Source: Latest Business News from Times Online | 21 May 2010 | 6:01 pm Yelling fire in the financial hotelWhen staying at a hotel, always read the fire escape plan on the back of your door. Even better, walk down the hall and check that the fire door opens. It’s a good precaution but, unfortunately, the financial markets offer no guides about what to do and where to go in emergencies. Source: Latest Business News from Times Online | 21 May 2010 | 6:01 pm L’Europe des PatriesThe issue of Europe destroyed the last Conservative Government’s reputation for economic competence and bedevilled attempts to rebuild the party’s fortunes. David Cameron spent five years trying to neutralise divisions on Europe among his colleagues. Yet now that Mr Cameron is Prime Minister, Europe turns out to be a central political issue. And he has constructed a solid position from which his Government can do business with Britain’s European partners. Source: Latest Business News from Times Online | 21 May 2010 | 6:01 pm Broker faces jail after £3m HSBC gamble failsA broker who lost his firm nearly £3 million by shorting shares in HSBC without permission is facing prison after admitting falsifying documents to conceal the unauthorised trades. Source: Latest Business News from Times Online | 21 May 2010 | 6:01 pm Mangoes, Poverty and Plastic Crates (Chana Joffe-Walt/NPR) There are thousands of philanthropic groups in Haiti whose aim is to make life better for Haitians. So how come the income of the average Haitian is half what it was 50 years ago? How come life there wasn't improving, even before the earthquake? One answer involves plastic crates, a big tamarind tree and lots of bruised mangoes. Planet Money's Adam Davidson and Chana Joffe-Walt explain everything in a story this weekend on This American Life. Find out when it airs on your local station. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 21 May 2010 | 5:41 pm Democrats in final push over bankingPresident Barack Obama summoned leading Democrats to the White House to prepare for the final battle on financial regulatory reform legislation that could reshape the banking sectorSource: Financial Times - US homepage | 21 May 2010 | 5:31 pm Weekend Investor: How to play the growing hunger for tech gearTech firms from Hewlett-Packard to Intel to Cisco Systems are pointing again and again to a strengthening trend that could soon cheer the stock market.
Source: MarketWatch.com - Top Stories | 21 May 2010 | 5:20 pm Global Trade Tensions Growing, But Protectionism Curbed So Far (Investor's Business Daily)Investor's Business Daily - High-level U.S.-China trade talks begin in Beijing on Monday as worries about Europe's debt crisis remind global leaders not to erect barriers that could disrupt the fledgling global recovery.Source: Yahoo! News: Business News | 21 May 2010 | 4:59 pm PMI Group shareholders re-elect board (AP)AP - Mortgage insurer PMI Group Inc. said Friday that shareholders had re-elected all nine members of its board.Source: Yahoo! News: Business News | 21 May 2010 | 4:55 pm Bold SkyCity pitch to host conferencesSkyCity wants to build the country's first international convention centre opposite its casino in downtown Auckland.Chief executive Nigel Morrison says that if SkyCity wins the right to develop, it will demolish an office block...Source: nzherald.co.nz - Business | 21 May 2010 | 4:55 pm Late gain ends volatile week for the stock market (AP)
Source: Yahoo! News: Business News | 21 May 2010 | 4:46 pm Late gain ends volatile week for the stock market (AP)
Source: Yahoo! News: Stock Markets News | 21 May 2010 | 4:46 pm Legg Mason names Miller successorBOSTON (Reuters) - Legg Mason Inc gave its biggest signal yet that its famed stock picker Bill Miller, who has underperformed in recent years, is preparing for retirement.
Source: Reuters: Business News | 21 May 2010 | 4:46 pm Financial Stocks: Financials rally on reform relief; Goldman gainsThe U.S. financial sector reversed early losses Friday as investment banks led the way, rallying after the Senate approved a financial-reform package that excluded amendments seen burdening profits.
Source: MarketWatch.com - Top Stories | 21 May 2010 | 4:33 pm Taxing Times: More tax laws likely coming your way soonDon't miss these top stories:
Source: MarketWatch.com - Top Stories | 21 May 2010 | 4:29 pm Treasury hires Lazard for GM IPONEW YORK (Reuters) - The U.S. Treasury Department has hired Lazard Ltd to advise the government on an initial public offering of General Motors Co, a source familiar with the matter said on Friday.
Source: Reuters: Business News | 21 May 2010 | 4:24 pm (AP)AP - Treasury selects Lazard Freres as its advisor to prepare stock offering for General Motors.Source: Yahoo! News: Stock Markets News | 21 May 2010 | 4:15 pm Ex-NYC real estate executive admits stealing $18M (AP)AP - A fallen New York real estate mogul has admitted swindling more than $18 million from banks, friends and relatives by lying about his prospects for pulling off deals.Source: Yahoo! News: Business News | 21 May 2010 | 4:13 pm Facebook to launch privacy overhaulFacebook will unveil sweeping changes to its privacy settings as early as next week in response to a wave of complaints from advocacy groups and regulators, according to people briefed on the plansSource: Financial Times - US homepage | 21 May 2010 | 4:02 pm Google gets U.S. antitrust OK on AdMob buyWASHINGTON (Reuters) - Google Inc has won U.S. approval to buy mobile advertising rival AdMob, after months of delay and rumor that the No. 1 Internet search engine was headed for a court fight with government officials over the $750 million transaction.
Source: Reuters: Business News | 21 May 2010 | 4:01 pm The Friday Podcast: Zero Dollars, Zero Cents (swanksalot via Flickr) We bought her for $1,000 early this year. The mortgages she's made of were going sour at an alarming rate. When enough of the mortgages went bad, she would die. On today's Planet Money: Toxie -- Planet Money's mortgage-backed toxic asset -- is in a coma. The monthly checks we've received since we bought Toxie earlier this year have added up to $449. But this week, we learned our payment for this month was zero dollars and zero cents. She's not dead yet, but the end is drawing near.For more of the latest details, read our post from this morning. This graphic shows how the mortgages are doing; this map, from PBS's Patchwork Nation, shows where the mortgages in Toxie are located. Download the podcast, or subscribe. Music: The Smiths' "Girlfriend In A Coma." Find us: Twitter/ Facebook/ Flickr. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 21 May 2010 | 4:00 pm Verigy reports narrower Q2 loss (AP)AP - Verigy Ltd. said its fiscal second-quarter loss narrowed sharply amid strong demand for products of the chip-testing equipment maker.Source: Yahoo! News: Business News | 21 May 2010 | 3:59 pm Summary Box: Stocks end bumpy week with a pop (AP)AP - LATE-DAY RALLY: The Dow Jones industrial average started the day lower, falling below 10,000 points, but came back late in the day to end with a gain of 125. It gained 117 of those points in the last 30 minutes of trading.Source: Yahoo! News: Stock Markets News | 21 May 2010 | 3:43 pm US stock market posts a recoveryUS shares end higher, after a European agreement to tackle debt eases fears Europe's fiscal woes may hit the world economy.Source: BBC News | Business | World Edition | 21 May 2010 | 3:43 pm Merkel rolls out red carpet for CameronAngela Merkel, the German chancellor, rolled out the red carpet for David Cameron, the new UK prime minister, in Berlin on Friday, in spite of the Eurosceptic views of his Conservative partySource: Financial Times - US homepage | 21 May 2010 | 3:37 pm Stocks stage advanceStocks ended higher Friday, finding momentum at the end of a very choppy session in which concerns about global growth vied with investor willingness to scoop up shares beaten down in the recent sell-off.Source: Business and financial news - CNNMoney.com | 21 May 2010 | 3:36 pm How the major stock indexes fared on Friday (AP)AP - A late-day comeback on Friday pared its losses, but the stock market had another tumultuous ride this week as disarray in Europe heightened fears of a global economic slowdown.Source: Yahoo! News: Stock Markets News | 21 May 2010 | 3:19 pm Write-Offs: 05.21.10
$$$ Traders weep as the joys of anonymous trading spread [FT] $$$ `Nervous‘ Wall Street Waits for Congress to Kill Limits on Swaps Trading [Bloomberg] $$$ Banks and that wacky junk bond market [peHUB] $$$ Greenlight Capital gold offerings attract more than $130 million [MarketWatch] $$$ Ex-Wachovia VP charged with bilking bank of $11M [Charlotte Observer] $$$ DLJ Reunites as Blackstone’s James Laments `Greed’ [Bloomberg] 
 Source: Dealbreaker | 21 May 2010 | 3:15 pm Presented By:Source: Dealbreaker | 21 May 2010 | 3:15 pm Stocks lifted by banks after dismal weekNEW YORK (Reuters) - Stocks snapped a three-day losing streak on Friday as investors bought beaten-down shares including banks on bets the financial regulation bill won't be as onerous as some had feared.
Source: Reuters: Business News | 21 May 2010 | 3:13 pm Stocks lifted by banks after dismal week (Reuters)
Source: Yahoo! News: Stock Markets News | 21 May 2010 | 3:13 pm EU seeks better crisis responseEU finance ministers agree to work towards a collective agreement to tackle any future economic crises.Source: BBC News | Business | World Edition | 21 May 2010 | 3:10 pm Regulations, Market News, Cree, Dell, Google TV: Taking StockSource: Bloomberg - All Podcasts | 21 May 2010 | 3:10 pm One thing you can't blame Goldman forSource: Business and financial news - CNNMoney.com | 21 May 2010 | 3:09 pm Icahn again extends Lions Gate tender offerThe activist investor extends his $7-per-share offer to June 1, continuing his battle to seize control of the Santa Monica-based film and television studio.With once-promising talks at a standstill, Carl Icahn on Friday again extended his $7-per-share tender offer to take control of Lions Gate Entertainment Corp.
Source: L.A. Times - Business | 21 May 2010 | 3:06 pm Greek crisis may have impact in U.S.Tess Vigeland talks to Jacob Kirkegaard about how Greece's financial crisis can have an impact on American workers and the U.S. economy.Source: Marketplace Money | 21 May 2010 | 3:05 pm Prefab Houses Go GreenEco-friendly designs are helping modular homes lose their low-rent image.
Source: SmartMoney.com | 21 May 2010 | 3:01 pm Porn king banned from directing companiesPorn magnate Steve Crow, the man behind the "Boobs on Bikes" parades, has been banned from directing a company for four years.The Ministry of Economic Development served the ban on Mr Crow last week under a section of the Companies...Source: nzherald.co.nz - Business | 21 May 2010 | 2:47 pm Markets left reeling after week of global dramaNo one - not the UK, US nor Japan - is immune to a Greek-style debt crisis, one of Europe's chief policy makers warned, as market chaos continued.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 May 2010 | 2:40 pm Thai growth set to fall by a thirdThailand’s political turmoil could slice nearly a third off economic growth this year, according to Korn Chatikavanij, finance minister, in a sombre assessment of the deep damage caused by nine weeks of protestsSource: Financial Times - US homepage | 21 May 2010 | 2:38 pm Bonds ring economic alarm bellsEconomists generally aren't worried about the U.S. or global economy falling into another recession. Looking at the bond market, many investors don't agree.Source: Business and financial news - CNNMoney.com | 21 May 2010 | 2:37 pm Galleon Informant Sentenced to 27 Months in the Big House
Kurland, 61, had argued for probation saying his life had already been ruined by the insider trading charges. “Regardless of his sentence, Mark’s legacy is forever ruined. He can no longer work in the profession he loved and thrived in,” his lawyer said. Meanwhile, Robert Moffat, the IBM exec who also pleaded guilty to securities fraud and conspiracy in the Galleon case in March, had an “intimate relationship” with Chiesi and, therefore, should get a shorter sentence than Kurland, prosecutors said at a hearing today. Earlier: Former IBM Exec Bob Moffatt Had A Really Good Excuse For Passing Inside Info To Danielle Chiesi
Source: Dealbreaker | 21 May 2010 | 2:36 pm Crafar farms close to saleThe receivers of the Crafar farming empire say they have signed a conditional sale agreement with the Chinese-backed company looking to buy the 16 farms.However, the sale could be gazumped by the Overseas Investment Office (OIO)...Source: nzherald.co.nz - Business | 21 May 2010 | 2:29 pm Risky trading lives onSource: Business and financial news - CNNMoney.com | 21 May 2010 | 2:25 pm Unattractive Hedge Fund Managers Of The World Have Something Arki Busson Wants
20 questions: Arki Busson, EIM [FT] *I don’t even like hair that long on guys but for him it works.
Source: Dealbreaker | 21 May 2010 | 2:20 pm Stocks End Rocky Week on an Upswing (Market Update)Indexes post significant gains. Investors keep an eye on Europe, financial regulation.
Source: SmartMoney.com | 21 May 2010 | 2:20 pm How to Profit on a Market Correction (U.S. News & World Report)U.S. News & World Report - It's official. When the markets closed Thursday, the Dow Jones industrial average had declined by upwards of 10 percent from its April high, meaning that the much-awaited "correction" in stock prices had finally become a reality. After the day's 376 point plunge, panicked trading brought stocks down even further on Friday morning, briefly pushing the Dow below the symbolic 10,000 mark. Prices have since recovered a bit, but the big question, of course, is: What's next?Source: Yahoo! News: Stock Markets News | 21 May 2010 | 2:14 pm Blanche Lincoln Ain’t Backing Down from Derivatives Overhaul
We’ll see about that. In the meantime, we wonder if Sen. Lincoln is tough enough to do a Dunkaroo – an old Arkansas drinking tradition perfected in Little Rock.
Source: Dealbreaker | 21 May 2010 | 2:06 pm Gulf of Mexico oil spill: BP slick is more than the sum of its partsWith each passing day, BP becomes more like the thing it is fighting - the corporate equivalent of an oil spill, all over the place.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 May 2010 | 1:51 pm Financial shares up as reform bill clears Senate (AP)AP - Financial stocks climbed Friday, a day after the Senate's passage of a financial reform bill lifted one cloud of uncertainty that had been hanging over the industry.Source: Yahoo! News: Stock Markets News | 21 May 2010 | 1:48 pm Willie Walsh has one card left to play to stop BA's intergalactic brawlDouglas Adams knew what it takes to get airborne. "The knack of flying," wrote the author of The Hitchhiker's Guide to the Galaxy, "is learning how to throw yourself at the ground and miss."Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 May 2010 | 1:45 pm RIM's Pearl 3G to power profit, analyst saysOTTAWA (Reuters) - Research In Motion is poised to beat profit expectations over the next 12 months, powered by demand for its new BlackBerry Pearl 3G smartphone, a TD Newcrest analyst said on Friday.
Source: Reuters: Business News | 21 May 2010 | 1:45 pm Greene King backs call to end below-cost selling of alcoholBrewer and pub owner Greene King has backed calls for minimum pricing on alcohol.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 May 2010 | 1:36 pm United Utilities shares rise on dividend pledgeUnited Utilities pledged to continue dividend growth despite a 10pc fall in pre-tax profits.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 May 2010 | 1:30 pm Goldman shares rise on false SEC settlement rumorNEW YORK (Reuters) - Goldman Sachs Group Inc shares rose as much as 5.4 percent on Friday on rumors of a possible settlement with regulators and a feeling that the stock could be oversold.
Source: Reuters: Business News | 21 May 2010 | 1:29 pm Goldman shares rise on false SEC settlement rumor (Reuters)
Source: Yahoo! News: Stock Markets News | 21 May 2010 | 1:29 pm Banned City trader Jonathan Bunn faces police investigationA former trader at a London broker faces a criminal investigation for fraud after being banned by the City regulator for covering up trades that lost his employer nearly £3m.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 May 2010 | 1:25 pm Morgan Stanley: This Is Not ‘Nam, There Are Rules
Related: Area Credit Suisse Employee Chose…Unwisely? (Update)
Source: Dealbreaker | 21 May 2010 | 1:25 pm Brixton's Tim Wheeler plots return to sector with 'scores to settle'Tim Wheeler, the controversial former chief executive of Brixton, is plotting a return to the property industry with a new residential land venture.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 May 2010 | 1:21 pm Beyond oilParty ends as Russia's energy wealth runs outSource: BBC News | Business | World Edition | 21 May 2010 | 1:17 pm LSE profits eroded by competitionTough competition and a poor new issues market drove a 20pc fall in profits at the London Stock Exchange over the last year.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 May 2010 | 1:14 pm Big Google deal gets green lightGoogle won regulatory approval Friday for its $750 million acquisition of mobile ad firm AdMob.Source: Business and financial news - CNNMoney.com | 21 May 2010 | 1:11 pm European bank risk close to that after Lehman Brothers collapseThe cost of insuring the debt of European banks against the possibility of them defaulting has risen to the highest level since the height of the financial crisis triggered by the collapse of Lehman Brothers in September 2008.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 May 2010 | 1:11 pm A look at global economic developments (AP)AP - A look at economic developments and activity in major stock markets around the world Friday:Source: Yahoo! News: Stock Markets News | 21 May 2010 | 1:11 pm Ousted US spy chief ‘faced rebellion’High-profile intelligence reforms since September 11 2001 have not done enough to protect the US against future attacks, analysts and experts said, following President Barack Obama’s decision to remove the country’s spy chiefSource: Financial Times - US homepage | 21 May 2010 | 1:07 pm BP oil spill: How much is a dead pelican worth?Just how much is a dead pelican worth? BP is about to find out.Source: Business and financial news - CNNMoney.com | 21 May 2010 | 1:06 pm UK public borrowing £7bn lower than expectedBritain's public finances were a surprise source of encouraging news as official figures showed the 2009 deficit was lower than initial estimates.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 21 May 2010 | 12:58 pm FTC approves Google’s AdMob buyThe Federal Trade Commission approved Google’s $750m takeover of AdMob, claiming that the deal by the internet giant would not hamper competition in the fast-growing mobile advertising marketSource: Financial Times - US homepage | 21 May 2010 | 12:57 pm Fishing Ban Area’s Massive Increase As BP Spill ExpandsThe size of of the BP plc (NYSE: BP Deepwater Horizon spill is growing rapidly, as some scientists estimate the leak at 95,000 barrels a day instead of the 5,000 barrels estimate given by BP and the NOAA. The size of the “no fish” zone expanded today and now includes areas as far east as [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 May 2010 | 12:55 pm What Was Scott Brown Thinking? (Ahead of the Curve)Luskin: His vote allows the financial reform bill to move through Congress.
Source: SmartMoney.com | 21 May 2010 | 12:54 pm London Trader Not In Trouble For Killing A Guy With One Punch
City trader cleared of killing businessman outside West End nightclub [Telegraph via BI] Earlier: London Trader Facing Manslaughter Charges For Killing A Guy With One Punch
Source: Dealbreaker | 21 May 2010 | 12:52 pm Money-Market Funds: Will Reform Matter? (On the Street)A little-noticed twist in the reform package could make funds riskier.
Source: SmartMoney.com | 21 May 2010 | 12:51 pm Bigger, better?Lessons for Europe from the US currency areaSource: BBC News | Business | World Edition | 21 May 2010 | 12:51 pm This Week’s LinksAn excellent post on 10 reasons people resist change. This blog will teach you all about deception. Why the sudden surge in tech M&A? Business Wisdom is a good place to find daily business quotes (and wisdom, of course). Equity analysts overestimate the S&P 500. A lot.
Source: Business Pundit | 21 May 2010 | 12:45 pm Somebody Adopt Cody Willard!
1) As the founder of a hedge fund that at one time had as much as $5,000 in assets under management, is considered one of the greatest minds on Wall Street. 2) Is a voracious Twitter’er and could possibly manage your account 3) IS CHILDHOOD FRIENDS WITH NEIL PATRICK HARRIS, who would probably stop by your office at least once if his little buddy was given a desk there.
Source: Dealbreaker | 21 May 2010 | 12:35 pm For Volatile Times, a Money-Losing Strategy (By the Numbers)Hough: A favorite tactic of advisors makes sense, even if it loses money.
Source: SmartMoney.com | 21 May 2010 | 12:33 pm Which bank deserves your money?Shopping for a new bank? It's nice to have a branch on every corner, but that's not the only quality that makes an institution worthy of your business.Source: Business and financial news - CNNMoney.com | 21 May 2010 | 12:32 pm Presented By:Source: Dealbreaker | 21 May 2010 | 12:30 pm CNBC: “There Are No Corner Offices At PIMCO”
Source: Dealbreaker | 21 May 2010 | 12:30 pm Global stocks claw back from sharp losses (AFP)
Source: Yahoo! News: Stock Markets News | 21 May 2010 | 12:23 pm Finding Opportunity After a Correction (Broker Talk)Market watchers discuss several areas that could come back strong.
Source: SmartMoney.com | 21 May 2010 | 12:22 pm New student loan optionsAttention parents. Now there's a new way you can pay for your kids' college education. Private student loans designed just for you. This is the latest offering from Wells Fargo.Source: Business and financial news - CNNMoney.com | 21 May 2010 | 12:17 pm Senate wimps out on financial-advice protectionSource: Business and financial news - CNNMoney.com | 21 May 2010 | 11:58 am Small talk: Mascots, ATMs and librariesMarketplace's Brendan Newnam and Rico Gagliano chat with fellow staffers Matt Berger, Stacey Vanek-Smith, and Rob Schmitz about new Olympic mascots, ATM fees, and library fines.Source: Marketplace | 21 May 2010 | 11:54 am Step back and explore the plenitudeJuliet Schor talks with Kai Ryssdal about her new book "Plenitude," and how we have everything we need right now to start living more sustainable lives.Source: Marketplace | 21 May 2010 | 11:54 am Will 'Lost' retain a cult following?"Lost" has what you could safely call a devoted fan base, but Nancy Farghalli reports the series might not have the afterlife of earlier cult television favorites.Source: Marketplace | 21 May 2010 | 11:54 am Weekly Wrap: Financial overhaul billHeidi Moore from the Big Money and Sudeep Reddy of the Wall Street Journal talk to Kai Ryssdal about the latest in the financial reform bill.Source: Marketplace | 21 May 2010 | 11:54 am Sex in the City on a recessionary break"Sex and the City 2" opens next weekend. Eve Troeh reports retailers are eager for fans to use this weekend for a little or a lot of pre-opening shopping.Source: Marketplace | 21 May 2010 | 11:54 am Tesla and Toyota go for green marketTesla is looking to expand its base, and has turned to Toyota for help. Steve Henn reports.Source: Marketplace | 21 May 2010 | 11:54 am Restaurant worker insurance made easyThe National Restaurant Association and United Health Group are teaming up to provide health insurance coverage to millions of uninsured restaurant workers. Janet Babin looks at the new initiative.Source: Marketplace | 21 May 2010 | 11:53 am European worries rattling marketsIf you really want to know what's making all the waves in equities -- stocks -- you've got to look at debt -- bonds, the credit markets. Bob Moon reports.Source: Marketplace | 21 May 2010 | 11:53 am GM, Lehman Brothers: Bloomberg Law Bankruptcy ReviewSource: Bloomberg - All Podcasts | 21 May 2010 | 11:51 am Rakon upbeat on stronger second halfCrystal manufacturer Rakon has announced a full-year loss of $5.4 million on revenue of $144.5 million but an improved second half has the company in good shape as it expands in China, it says.Rakon reported earnings before interest,...Source: nzherald.co.nz - Business | 21 May 2010 | 11:50 am Risk vs. Reward: How Bonds BehaveA bond primer: their nuts and bolts; their risks and rewards.
Source: SmartMoney.com | 21 May 2010 | 11:37 am Englander, Mathias, Bordo, Gheit, Paulson: SurveillanceSource: Bloomberg - All Podcasts | 21 May 2010 | 11:36 am LSE's Howard Davies, James Galbraith: On the EconomySource: Bloomberg - All Podcasts | 21 May 2010 | 11:35 am Comvita reports $5m profitNatural healthcare company Comvita has posted a more than six-fold improved profit for the year, defying a global economic downturn and shrinking debt.The Bay of Plenty company, which specialises in honey health products, reported...Source: nzherald.co.nz - Business | 21 May 2010 | 11:20 am The Trouble With MarketsBy Jacob Goldstein Stock markets around the world are way down this week. You know this. The next line in the story is supposed to be why the markets are down. But this week -- as is often the case with market gyrations -- the why doesn't seem particularly clear. Of course, there's plenty to worry about in the global economy, and plenty of possible explanations for why markets may be falling. This morning's WSJ, citing the big falloff in U.S. stock prices, points out that "there was no one particular piece of news that drove Thursday's market swoon." Instead, investors said it was an accumulation of worrisome developments, primarily out of Europe, where officials are struggling to convince the market they have the Greece crisis under control. Worries mounted that the troubles may spread beyond Europe to stymie growth elsewhere. Well, sure. But those are the same worries everybody's been talking about for weeks now. So why the falloff this week? Maybe Germany's unexpected ban on shorting certain securities drove the market down. But Reuters blogger Felix Salmon points out that, back in 2008, a ban on certain shorts was said to drive markets up. If you want to look closer to home, you could cite this week's higher-than-expected numbers for unemployment claims, or the slight decline in the index of leading economic indicators. Maybe mention the Senate finance bill. And wave your hands around about that weird May 6 "flash crash" making people nervous, and the SEC announcing its response this week. But keep your explanation short. If you run on for too long, you'll find the market turning up again, and you'll have to come up with a new explanation. "U.S. stocks rose for the first time in four days as investors speculated equities may have fallen too much this week on concern about Europe's debt crisis," Bloomberg News said in a story this morning. All this talk of investor psychology omits the basic idea (in theory, at least) behind buying a stock: investing in a share of a company's future profits. One common measure based on this idea is the ratio of the stock price to the company's profits. This is known as the price-earnings ratio, or P/E for short. Bloomberg News notes today that the P/E for the stocks in the S&P 500 index is 15.5. This spreadsheet from S&P shows that average the P/E for the index between 1936 and 2008 was a bit less than 16 -- pretty close to where the market's trading right now. But that's just one more explanation. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 21 May 2010 | 11:01 am Reconsidering the retail rebateLegislators in New Jersey introduce a bill that would make sure consumers get their rebates, without the hassle of paperwork.Source: Marketplace Money | 21 May 2010 | 11:01 am Gulf Shore family trying to stay afloatThe Thrasher family of Gulf Shores, Ala. are barely hanging on financially after a series of hurricanes, the mortgage crisis and now, the BP oil spill.Source: Marketplace Money | 21 May 2010 | 11:01 am Credit cards are back with open armsBut consumers aren't exactly rushing back to the plastic.Source: Marketplace Money | 21 May 2010 | 11:01 am Drachma dreamsAs Greece falls into a recession, Greeks are girding themselves for a tough financial future and pining for the days of the drachma.Source: Marketplace Money | 21 May 2010 | 11:01 am Needs and Wants: Kids and AllowancesBeth Kobliner and her daughter, Becca, negotiate an allowance system that both can agree on.Source: Marketplace Money | 21 May 2010 | 10:56 am Visitor arrivals downEarlier Easter holidays saw visitor arrivals down 4 per cent in April but Iceland's volcanic eruption also hit travelling numbers during the month, says Statistics NZ. Although the holidays started on April 2, many people travel...Source: nzherald.co.nz - Business | 21 May 2010 | 10:50 am Getting PersonalTess Vigeland and personal finance expert Kathy Kristof of CBS MoneyWatch take your questions on how money mixes with romance and family.Source: Marketplace Money | 21 May 2010 | 10:47 am TARP Costs Now Only $105 Billion, Thanks To Citigroup (C)The cost of saving the global financial markets and credit system has come down again. The government’s estimate of the loss on the TARP has dropped $11.4 billion. According to The Treasury Department, “it notified Congress that the projected cost of the Troubled Asset Relief Program (TARP) has decreased to $105.4 billion since the FY [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 May 2010 | 10:46 am The Big Week of Dividends (ACE, BG, CLX, DPS, FRO, KNX, NOC, SWY, TRH, TIF, XEL, GE)This week felt like the sudden snap-back for dividend hikes after a week or two of fewer news announcements from major companies. It was in big companies too, rather than just the tiny ones. Some of the big dividend hikes came from ACE Limited (NYSE: ACE), Bunge Limited (NYSE: BG), Clorox Company (NYSE: CLX), Dr. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 May 2010 | 10:46 am Germans approve euro rescue planGermany's parliament backs a huge eurozone rescue deal, though one party votes against it and two others abstain.Source: BBC News | Business | World Edition | 21 May 2010 | 10:44 am China cracks down on online mapsChina is cracking down on online mapping that it considers a risk to national security. The campaign is part of a drive to strengthen information security in China, which has created uncertainties for a range of foreign technology businessesSource: Financial Times - US homepage | 21 May 2010 | 10:34 am 5 Tips for Older Sidelined WorkersA job loss can cripple older workers' retirement plans. Here's how to cope.
Source: SmartMoney.com | 21 May 2010 | 10:29 am Miner in technology dealState-owned coal miner Solid Energy says it has secured exclusive New Zealand rights to technology that converts low-grade lignite and biomass to high-grade coal and synthetic crude oils. The company yesterday said it had signed...Source: nzherald.co.nz - Business | 21 May 2010 | 10:20 am China Gains Another Foothold in Brazil (STO, PBR, SNP, CEO, BP)Norway’s Statoil ASA (NYSE: STO) has agreed to sell a 40% stake in its deepwater Peregrino field offshore Brazil to China’s Sinochem Group for $3.07 billion. Statoil retains its 60% share and will be the operator of the field. Production is set to begin in early 2011. Two other Chinese companies, China Petroleum & Chemical [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 May 2010 | 10:16 am Kigali's cowsRwanda aims to help agriculture to feed its peopleSource: BBC News | Business | World Edition | 21 May 2010 | 10:12 am Clinton warns N Korea on torpedo attackHillary Clinton, US secretary of state, has pledged a fresh international initiative against North Korea to punish it for torpedoing a South Korean warship and killing 46 sailorsSource: Financial Times - US homepage | 21 May 2010 | 10:10 am Crowded skies about to get even busierTravellers to Australia have been snapping up tickets for as little as $49 - less than the price of a taxi from the city to Auckland International Airport.That rock bottom price was part of a sale by low fare airline Jetstar -...Source: nzherald.co.nz - Business | 21 May 2010 | 10:00 am European winners 'net 120m euros'Winning the Uefa Champions League will be worth 120m euros (£104m; $151m) to the victorious club, research by the competition's sponsor suggests.Source: BBC News | Business | World Edition | 21 May 2010 | 9:49 am Diary of a Green Prefab HouseThe truck arrives at 7 a.m. and by sundown, there's a nearly completed home. Our day at the building site.
Source: SmartMoney.com | 21 May 2010 | 9:38 am When Price Goes Up, Yield Goes DownYou've probably heard the mantra 'When price goes up, yield goes down, and vice versa.' Here's what it means.
Source: SmartMoney.com | 21 May 2010 | 9:32 am US Senate backs Wall St reformsThe US Senate passes a bill providing the most sweeping overhaul of financial regulations since the 1930s.Source: BBC News | Business | World Edition | 21 May 2010 | 9:29 am Fordham’s Scafidi Discusses Fashion Law, New Institute: BLAWSource: Bloomberg - All Podcasts | 21 May 2010 | 9:27 am Next Week’s Big Earnings Events (CPB, MDT, TSL, TIVO, AEO, TOL, NTAP, TTWO, PAY, BIG, COST, HNZ, TIF, GES, JCG, NOVL)Some of the top earnings next week are Campbell Soup Co. (NYSE: CPB), Medtronic, Inc. (NYSE: MDT), Trina Solar Ltd. (NYSE: TSL), TiVo Inc. (NASDAQ: TIVO), American Eagle Outfitters, Inc. (NYSE: AEO), Toll Brothers Inc. (NYSE: TOL), NetApp, Inc. (NASDAQ: NTAP), Take-Two Interactive Software Inc. (NASDAQ: TTWO), VeriFone Holdings, Inc. (NYSE: PAY), Big Lots Inc. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 May 2010 | 9:12 am Would You Pay $20 To See Shrek? Worried about money? (DreamWorks Animation) By Jacob Goldstein If you want to see the latest Shrek in all its 3D, IMAX glory, it'll cost you $20 at some New York theaters. Prices for movies, already more than $10 in New York, have been creeping up lately. And both IMAX and 3D usually cost extra. But the WSJ says this is the first time the price of admission for a major Hollywood release has hit $20. "With the state of the economy remaining questionable, we worry pricing is simply moving up too quickly," a media analyst quoted by the WSJ wrote. "The danger is scaring consumers away from the movie theaters." Planet Money Question of the Day: Would you pay $20 to see Shrek (or any other movie)? » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 21 May 2010 | 8:17 am Germany backs eurozone rescueGermany’s parliament approved the country’s contribution to €750bn in loan guarantees to stabilise the eurozone, as EU finance ministers met amid worries about the euroSource: Financial Times - US homepage | 21 May 2010 | 8:13 am The Dollar Stores Strike Back (DLTR, FDO, DG, NDN)If you have been watching the markets, and surely you have if you are reading here, then it has been impossible to not notice the sell-off. But the retail segment has been hit as well as the fears are out that Europe’s woes will come to America, that a double-dip recession is more likely or [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 May 2010 | 8:10 am China's Options Signal Tumble for Stocks on Bearish Bets: AudioSource: Bloomberg - All Podcasts | 21 May 2010 | 7:57 am This Week’s Weird Jobs
A couple of this week’s jobs involve services that you might want–if you can pay enough for them. Like a trip to the game with a porn star. Or a foul-mouthed piano tuning experience. Your opportunities to pay for these enlightening experiences include scooping poop and knocking on somebody’s door: 1. WA: Personal Assistant 1 hr/day 8am wanted I want to get out of the house and workout everyday. I need help motivating my body to walk out the door. I need someone to come ring the doorbell and tell me to get out of the house to go for a run, hike, kayak or such. It should only take a week of this to get me motivated enough to go on my own. This person takes lack of motivation to new heights.
looking for girl with large, and wide mouth for modelling shoot Some modeling shoot. 3. AZ: Take Adult Star Katie Michaels to see Rangers vs. Coyotes Saturday!!! That’s a new way of doing things. 4. Idaho: Pooper Scopper Wanted hi I need a pooper scooper person!! and PAYING $10 and hour cash for pooper scooper person. Note that this job poster doesn’t mention what kind of poop needs scooping… 5. NY: Tune Your God Damn Piano For christ’s sake people, just let me tune your god damn piano, do the both of us a favor. I’m the best in the whole god damn city, I swear to christ. You can ask any one of my clients at any given time, email me and ask me for a list. I’ll make that fucker SING. Hell, you pay me a little extra and I’ll make YOU sing too. Na i’m kidding, that’s a little joke there. Nothing sexual, just piano tuning. Email me and I’ll come the fuck over, tune your fucking piano, take your money, then be on my merry old motherfuckin way. You want the shitfuckin thing tuned? Fine. Call me. I’ll tune it. Done. Just like that. All of Manhattan or Brooklyn. Don’t fucking call me if you’re in Queens or Hoboken. $80 for grand and upright pianos Don’t let your kids within 100 feet of this piano tuner. Happy Friday!
Source: Business Pundit | 21 May 2010 | 7:55 am Warrant Watch: Wells Fargo, Uncle Sam, Mr. Buffett (WFC, BRK-B, BRK-A)Wells Fargo & Company (NYSE: WFC) is trying to signal that it can hold its own by buying out what could have been dilution from Uncle Sam selling warrants held. The Treasury will take in net proceeds of about $840.4 million from its sale of warrants, a ‘bonus’ for taxpayers, after selling the 110.3 million [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 May 2010 | 7:52 am Senate Finance Bill: Three Key IssuesBy Jacob Goldstein The Senate passed its big finance-reform bill late last night. Here are a three of the central issues the bill addresses. Too Big To Fail The bill gives the government the authority to take over and sell off failing financial firms. It also creates a panel that's supposed to monitor large financial firms whose failure could present broad risks to the financial system. The panel can limit how much money those firms borrow, and require the firms to hold more capital in reserve. These measures were created because the normal bankruptcy process doesn't work very well for big financial firms; their ties to other businesses can make bankruptcy very disruptive for the financial system. That has left the government with the unappealing options of letting firms go bankrupt and watching the financial system melt down (see: Lehman Brothers) or bailing out firms with taxpayer money (see: everybody else). Supporters say the bill will allow firms to fail without bringing down the financial system, and without leaving taxpayers on the hook for bailouts. But many economists say that very large financial institutions will always be deemed too big to fail in a crisis. An amendment that would have forced the nation's largest banks to shrink their balance sheets was voted down in the Senate. Derivatives The bill requires most derivatives to be traded on exchanges, and to go through a central clearinghouse. Derivatives, also known as swaps, are contracts that allow businesses to hedge risk or to make speculative bets. They offer big profits, and create large risks; they were central to the failure of AIG. Most derivatives are traded over the counter, in private: One banker calls another, and they make a deal. Nobody knows what the deal is. This allows financial institutions to take on large amounts of risk with derivatives, largely in private. Requiring trades to go through a central clearinghouse means that if one party to a contract goes bankrupt, the clearinghouse will step in and make good on the deal. Requiring trades to be posted on an exchange means the flow of trades, and the prices, will be available to the public. The bill also requires banks to spin off their lucrative derivatives units into separate businesses. This is meant to move the risk associated with derivatives away from banks. Opponents of this piece of the measure -- which is not included in the House version of the bill -- argue that it could push derivatives trading overseas, to less-regulated markets. Consumer Protection The bill creates a new Consumer Financial Protection Bureau. It's housed within the Fed, but has a director appointed by the president. The notion behind the bureau is that existing regulators' top priority is financial institutions themselves, not consumers. Backers of the bill say a consumer-focused agency will, among other things, force lenders to give borrowers a clear picture of what they're getting into. This may reduce the risk that borrowers will take out loans the do not understand and cannot afford. Opponents say the agency may create regulations that burden lenders and drive up costs for borrowers. For more on the bill: See these explainers from the New York Times, Washington Post, Wall Street Journal and Financial Times. The Senate bill still has to be reconciled with the House bill before a final version is sent to the president. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 21 May 2010 | 7:36 am Furness on Euro, Australia; Hewin on Debt Crisis: First WordSource: Bloomberg - All Podcasts | 21 May 2010 | 7:28 am Appleby Discusses `The Relentless Revolution': Lewis LaphamSource: Bloomberg - All Podcasts | 21 May 2010 | 7:18 am Today’s Best Market Rumors (5/21/2010)Update throughout the day. The head of global markets for UBS in Asia is leaving. IFR “Citigroup sold a series of mortgage-linked securities without disclosing that Morgan Stanley helped shape them while betting they would fail.” (Bloomberg) Douglas A. McIntyre Sponsor: 26 Cheap Stocks to Sell – Cheap stocks have been on a tear recently, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 May 2010 | 7:00 am Top Day Trader Alerts (BRCD, DELL, MRVL, NBG, RRGB, CRM)There are actually fewer pre-market movers than many may have guessed considering how volatile the markets are. Today’s top day trader and active trader alerts are in Brocade Communications Systems Inc. (NASDAQ: BRCD), Dell Inc. (NASDAQ: DELL), Marvell Technology Group Ltd. (NASDAQ: MRVL), National Bank of Greece SA (NYSE: NBG), Red Robin Gourmet Burgers, Inc. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 May 2010 | 6:57 am The Twitter-24/7 Wall St. Stock Market Report 5.21 The Wisdom Of Crowds?Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds. 24/7 Wall St. will look at the Twitter [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 21 May 2010 | 6:49 am Unspun SpinHere’s an example of what can happen when media spin goes overboard.
Source: Business Pundit | 21 May 2010 | 4:51 am
|
