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Chinese yuan revaluation talk shores up markets (AP)
Source: Yahoo! News: Business News | 24 May 2010 | 4:18 am Child Trust Funds to be scrappedThe coalition government has announced that it will stop payments to Child Trust Funds from January.Source: BBC News | Business | World Edition | 24 May 2010 | 4:13 am BP “Doesn’t Know What It Is Doing”The US government has readily admitted that it does not have the skill of equipment to stop the oil rising from the wreck of the Deepwater Horizon rig. And, it is beginning to question whether BP plc (NYSE: BP) has any solutions at all. That leaves the possibility that the release of crude, which is [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 May 2010 | 4:09 am Oil prices drift lower (AFP)
Source: Yahoo! News: Business News | 24 May 2010 | 4:04 am British Airways crew begin strikeBritish Airways cabin crew begin a five-day strike in their long-running dispute over jobs, pay and conditions.Source: BBC News | Business | World Edition | 24 May 2010 | 4:04 am Indications: U.S. stock futures return to losing waysTraders Monday are unwilling to build on Friday’s late-session move in the face of worries over global growth.
Source: MarketWatch.com - Top Stories | 24 May 2010 | 4:00 am LIVE: George Osborne announces first spending cuts10.54am: The savings will come from various spending areas: £1.15 billion from “discretionary” costs such as travel and consultancy, £95 million from IT savings, £1.7 billion from delaying and stopping contracts, £170 million from property costs, £120 million-plus from a recruitment freeze in the civil service, £600 million from costs of quangos, £520 million from reducing “other low value spend” ie: paperclips. Source: Latest Business News from Times Online | 24 May 2010 | 3:59 am 90pc of Keydata investors to receive compensationThousands of investors who lost money through the collapse of Keydata Investment Services are to receive compensation.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 May 2010 | 3:59 am China holds door open a crack to U.S. on yuan (Reuters)
Source: Yahoo! News: Business News | 24 May 2010 | 3:46 am The $123 Billion Tab For Job And Tax BillThe bill known as H.R. 4213, The American Jobs and Closing Tax Loopholes Act, may clear Congress in the next few days. It would extend eligibility for unemployment insurance benefits, COBRA health care tax credits and other critical programs that families and communities depend on through December 31, 2010. In other words, it would help [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 May 2010 | 3:44 am Stocks rise as sense of calm prevailsGlobal Markets Overview: Sharp rebound in China shares lifts sentiment but investors remain wary as euro’s recent rally stallsSource: Financial Times - US homepage | 24 May 2010 | 3:44 am Oil rises above $70 but pessimism lingersLONDON (Reuters) - U.S. crude rose above $70 a barrel on Monday, recouping some of last week's losses, but analysts said sentiment remained fragile and prices could again be hit by macroeconomic pessimism.
Source: Reuters: Business News | 24 May 2010 | 3:44 am UK outlines £6bn spending cutsThe chancellor spells out where £6bn of spending is to be cut, saying action is needed to start tackling the UK's finances.Source: BBC News | Business | World Edition | 24 May 2010 | 3:43 am US warns it may 'push BP aside'A top US official says BP may be "pushed" aside if it fails to perform in the Gulf of Mexico oil disaster clean-up.Source: BBC News | Business | World Edition | 24 May 2010 | 3:43 am Questions, uncertainty grow along with Gulf spill (AP)
Source: Yahoo! News: Business News | 24 May 2010 | 3:41 am Flight controlHow BA keeps passengers flying despite the strikeSource: BBC News | Business | World Edition | 24 May 2010 | 3:40 am Metals Stocks: Gold futures rebound after last week's thumpingGold futures and other contracts bounce higher Monday, as some waded back into the yellow metal after last week’s sharp tumble.
Source: MarketWatch.com - Top Stories | 24 May 2010 | 3:31 am Stocks: Back to the U.S.A.With worries about the global economy having pushed stock markets into correction territory, investors return to work this week to face a bevy of reports on the health of the United States.Source: Business and financial news - CNNMoney.com | 24 May 2010 | 3:30 am Investors still anxiousU.S. stocks looked set to kick off the week on a dour note Monday, as investors remained anxious about the economic outlook.Source: Business and financial news - CNNMoney.com | 24 May 2010 | 3:30 am China vows more currency reformChina has pledged to continue reforms to its exchange rate policies at the beginning of high level trade talks with the US.Source: BBC News | Business | World Edition | 24 May 2010 | 3:30 am China holds door open a crack to U.S. on yuanBEIJING (Reuters) - China struck a conciliatory note in talks with the United States on Monday by vowing to spur domestic demand and keeping a guarded opening to exchange rate reform, which the Obama administration says is needed to rebalance the global economy.
Source: Reuters: Business News | 24 May 2010 | 3:28 am US Companies Face Debt Crisis As Spreads WidenCorporate bond sales this month will be the worst since 1999. According to Bloomberg, they will only hit $47 billion, down from $183 billion in April. The borrowing machine that has allowed US corporations to lower the cost of the debt on their balance sheets, raise dividends, continue share buybacks, and expand their operations has [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 May 2010 | 3:16 am Leak setback sends Lonmin shares downLonmin, the platinum miner in South Africa, warned today that the repairs of its troublesome main furnace had hit further problems. Source: Latest Business News from Times Online | 24 May 2010 | 3:14 am White House and Google: CozySource: Business and financial news - CNNMoney.com | 24 May 2010 | 3:06 am As Stocks Plunge, Economy Inches Ahead (Pundit Watch)Even as traders mourn heavy losses, economists cite progress.
Source: SmartMoney.com | 24 May 2010 | 3:01 am 10 Things Campus Security Won't Tell You (10 Things)Crime isn't uncommon on college campuses. What you should know.
Source: SmartMoney.com | 24 May 2010 | 3:01 am Attention, Mortgage Shoppers!Are low rates tempting you to jump into the market? What you need to qualify.
Source: SmartMoney.com | 24 May 2010 | 3:00 am Stocks rise as sense of calm prevailsMonday 09:45 BST. A somewhat calmer mood is prevailing across markets, though investors remain wary following recent turmoil. The FTSE All-World equity index is up 0.1 per cent and demand for industrial...Source: RSS feed - channel BNPaperBusiness | 24 May 2010 | 2:59 am China: More Double Talk On The YuanOne of the primary reasons that a delegation led by Treasury Secretary Tim Geithner and Secretary of State Hillary Clinton is in China this week is to discuss fair trade. That means the value of the yuan must be at the center of the conversations. President Hu Jintao suggested that his country may take some [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 May 2010 | 2:58 am British Airways cabin crew start five-day walkoutSeveral thousand British Airways cabin crew begin a five-day walkout after negotiations with management stall over the weekend.
Source: MarketWatch.com - Top Stories | 24 May 2010 | 2:58 am U.S. abandons case against AIG - reportsThe U.S. Justice Department has concluded its criminal probe into AIG and will not pursue charges against the insurer or its senior executives, according to published reports.Source: Business and financial news - CNNMoney.com | 24 May 2010 | 2:56 am Spanish bank bail-out hits sharesShares in Spanish banks fell on Monday following the government bail-out of one lender over the weekend.Source: BBC News | Business | World Edition | 24 May 2010 | 2:55 am London Markets: U.K. shares in tight range at start of weekBritish shares edge lower on Monday, with the new government set to detail spending cuts that will try to reduce the country’s debt.
Source: MarketWatch.com - Top Stories | 24 May 2010 | 2:52 am FTSE 100 climbs at open (AFP)
Source: Yahoo! News: Stock Markets News | 24 May 2010 | 2:41 am Stock futures signal losses (Reuters)
Source: Yahoo! News: Stock Markets News | 24 May 2010 | 2:38 am Stock futures signal losses(Reuters) - Stock index futures pointed to a lower open on Wall Street on Monday following the previous session's late rally, with futures for the S&P 500 down 0.68 percent, Dow Jones futures down 0.52 percent and Nasdaq 100 futures down 0.43 percent at 0830 GMT 4:30 a.m. ET).
Source: Reuters: Business News | 24 May 2010 | 2:38 am Asian stock markets follow Wall Street advance (AP)
Source: Yahoo! News: Stock Markets News | 24 May 2010 | 2:34 am Anger at White House over oil spill roleThe Obama administration faces mounting criticism against its handling of the BP oil spill and has acknowledged that it did not have the technical capabilities to step in and fix the gusher on its ownSource: Financial Times - US homepage | 24 May 2010 | 2:31 am Berlin prepares for €10bn yearly cutsThe German government is to begin a drastic budget austerity programme next year to set an example to the rest of the eurozone, and comply with a ‘debt guillotine’ that has been written into the German constitutionSource: Financial Times - US homepage | 24 May 2010 | 2:27 am Chloride profits put pressure on bidderChloride, the bid target of US rival Emerson, today unveiled forecast-beating profits and insisted that it was seeing signs of a recovery in worldwide demand. Source: Latest Business News from Times Online | 24 May 2010 | 2:27 am India's govt, markets welcome Ambani truce (AFP)
Source: Yahoo! News: Stock Markets News | 24 May 2010 | 2:21 am Loan shark warning stepped upA campaign against loan sharks is being stepped up by the Office of Fair Trading and trading standards officers.Source: BBC News | Business | World Edition | 24 May 2010 | 2:17 am Equities recover some composure after battering (Reuters)
Source: Yahoo! News: Stock Markets News | 24 May 2010 | 2:08 am 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 | 24 May 2010 | 2:06 am U.S. plays down European crisis but China worriedBEIJING/MADRID (Reuters) - The United States suggested Europe's debt crisis would have minimal impact on global growth, but China took a more pessimistic view, warning it would impact demand for its exports and other regions would suffer too.
Source: Reuters: Business News | 24 May 2010 | 2:04 am Wall St. aims to dodge reform bulletsWith any luck, Wall Street can still escape two of the harshest elements of Washington's reform efforts.Source: Business and financial news - CNNMoney.com | 24 May 2010 | 2:04 am Europe Markets: European shares up for first session in fourEuropean shares rose for the first time in four sessions on Monday, taking back some ground lost last week when investors fretted high levels of sovereign debt will curtail economic growth.
Source: MarketWatch.com - Top Stories | 24 May 2010 | 2:00 am Bargain hunters help London shares bounce backLondon equities moved higher on Monday, after sharp losses over the previous week left heavily weighted banking and mining stocks looking undervalued. The FTSE 100 rose 24 points to 5,096.31, a...Source: RSS feed - channel BNPaperBusiness | 24 May 2010 | 1:57 am 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 | 24 May 2010 | 1:57 am Media Digest 5/24/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: China avoided a commitment on the yuan’s value during talks with the US. Reuters: A Senate committee will look at the UAL (NASDAQ: UAUA) merger with Continental (NYSE: CAL). Reuters: Geithner pushed the Chinese on open trade. Reuters: Barron’s says Sprint-Nextel (NYSE: S) shares could rise on its deployment of 4G.Reuters: American International Group [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 24 May 2010 | 1:54 am BP reassures ‘angry’ US in $760m clean-up$BP has moved to reassure America that it will be “open and transparent” in its clean-up of the Gulf of Mexico oil spill after threats by the US Government to remove the British company from the clean-up operation. Source: Latest Business News from Times Online | 24 May 2010 | 1:53 am Senate committee to examine United/Continental merger(Reuters) - A U.S. Senate subcommittee is set to examine the proposed airline deal between United Airlines and Continental Airlines on Thursday that will study the implications for airline consumers.
Source: Reuters: Business News | 24 May 2010 | 1:50 am European stock markets open higherEurope's main stock markets rose at the start of trade on Monday, with London's benchmark FTSE 100 index up 0.9pc to 5,108 points.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 May 2010 | 1:50 am Oil near $71 as stocks bolster confidence (AP)
Source: Yahoo! News: Business News | 24 May 2010 | 1:34 am British Airways cabin crew begin 5-day strike (AP)AP - Thousands of British Airways cabin crew began a five-day strike Monday, though the airline claimed it will still be able to carry 70 percent of passengers who have booked flights.Source: Yahoo! News: Business News | 24 May 2010 | 1:26 am AP IMPACT: Bad cement jobs plague offshore rigs (AP)
Source: Yahoo! News: Business News | 24 May 2010 | 1:20 am Rio Tinto: tax makes Australia top sovereign concernSYDNEY (Reuters) - Global miner Rio Tinto said it is reviewing all investments in Australia due to a proposed new tax, describing the country as its No.1 sovereign risk concern and sending a weak Australian dollar even lower.
Source: Reuters: Business News | 24 May 2010 | 1:16 am British Airways cabin crew begin 5-day strikeThe union representing British Airways cabin crew has begun a five-day strike but the airline says it will still be able to carry 70 percent of passengers who have booked flights. ...Source: RSS feed - channel BNewsBusiness | 24 May 2010 | 1:12 am Questions, uncertainty grow along with Gulf spillAs the Gulf of Mexico oil spill seeps deeper into the Louisiana marshes, the fragile grasses get difficult to clean, and the rescue efforts of wildlife like the brown pelican become harder.Source: RSS feed - channel BNewsBusiness | 24 May 2010 | 1:11 am UK households grow most pessimistic about their finances as cuts loomThe prospect of public spending cuts leaves more households worried about their finances.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 May 2010 | 1:09 am British Airways cabin crew begin new strikeLONDON (Reuters) - British Airways cabin crew began a new strike on Monday after weekend talks to try to resolve a long-running dispute over wages, job cuts and working conditions broke...Source: RSS feed - channel BNewsBusiness | 24 May 2010 | 1:08 am British Airways cabin crew begin new strikeLONDON (Reuters) - British Airways cabin crew began a new strike on Monday after weekend talks to try to resolve a long-running dispute over wages, job cuts and working conditions broke down in acrimony.
Source: Reuters: Business News | 24 May 2010 | 1:08 am PETA buys stock to gain influence in boardroomsAn animal-rights group known for provocative protests is trying a more staid tactic to influence companies: buying stock. People for the Ethical Treatment of Animals now owns a piece of...Source: RSS feed - channel BNewsBusiness | 24 May 2010 | 1:06 am REFILE-Norilsk CEO says may sell off Stillwater stake(Corrects Reuters instrument code for Norilsk in first paragraph)Source: RSS feed - channel BNewsBusiness | 24 May 2010 | 1:02 am Business Bullet: Australia, US dollar, Pru, BAThe latest news on: Australia, US dollar, Pru, BASource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 May 2010 | 1:01 am Sea Launch of Long Beach may get Russian ownerRocket & Space Corp. Energia, based in Moscow, has proposed investing $140 million to take an 85% stake in the Boeing firm that uses a platform in the middle of the Pacific to launch rockets.Long Beach-based Sea Launch Co., once a major part of Boeing Co.'s rocket launch ambitions, could emerge from bankruptcy protection with a Russian firm as its largest shareholder.
Source: L.A. Times - Business | 24 May 2010 | 1:00 am Construction industry builds up steam, adds 14,000 jobsThe U.S. figures for April mark the first back-to-back monthly gains in that sector since 2006. California still sees a drop in the industry's workforce but at a slower pace.The drills, saws and sanders that fell silent during the economic slowdown are beginning to whir again. For the first time in years, U.S. builders are hiring laborers.
Source: L.A. Times - Business | 24 May 2010 | 1:00 am Growing firms benefit as hard times soften rentsIndependent restaurants and other companies are taking advantage of cheaper retail and office space to expand.Lower rents are the economic downturn's silver lining for those Southern California small businesses that are growing and looking for places to expand.
Source: L.A. Times - Business | 24 May 2010 | 1:00 am U.S. is requiring companies to defend against identity theftStarting June 1, any business that extends credit to customers must develop plans to detect and prevent such fraud. ...Source: RSS feed - channel BNPaperBusiness | 24 May 2010 | 1:00 am Growing firms benefit as hard times soften rentsIndependent restaurants and other companies are taking advantage of cheaper retail and office space to expand. ...Source: RSS feed - channel BNPaperBusiness | 24 May 2010 | 1:00 am How to spice up first presentation to clientAlso, some ways technology can help businesses save money Dear Karen: I'm making my first presentation to a potential client. Suggestions?...Source: RSS feed - channel BNPaperBusiness | 24 May 2010 | 1:00 am Sea Launch of Long Beach may get Russian ownerRocket & Space Corp. Energia, based in Moscow, has proposed investing $140 million to take an 85% stake in the Boeing firm that uses a platform in the middle of the Pacific to launch rockets. ...Source: RSS feed - channel BNPaperBusiness | 24 May 2010 | 1:00 am Travel briefcase: Full-body scanners worry health expertsAlso: PETA ad suggests going vegan to look better for airport scanners, and travelers cancel reservations at Gulf Coast hotels because of the oil spill.By the end of next year, the Transportation Security Administration hopes to have nearly 1,000 full-body scanners to screen passengers at airports across the country. Two are already operational at Los Angeles International Airport.
Source: L.A. Times - Business | 24 May 2010 | 1:00 am Small investors aren't playing the fool this monthThose who decided to stay on the sidelines are looking smart after a stock market correction that has sent major indexes down about 10% since late April.Maybe the dumb money isn't so dumb after all.
Source: L.A. Times - Business | 24 May 2010 | 1:00 am U.S. is requiring companies to defend against identity theftStarting June 1, any business that extends credit to customers must develop plans to detect and prevent such fraud.With identity fraud on the increase, the federal government is stepping up efforts to make sure businesses are on the alert — especially financial institutions and other companies that issue credit cards.
Source: L.A. Times - Business | 24 May 2010 | 1:00 am Travel briefcase: Full-body scanners worry health expertsAlso: PETA ad suggests going vegan to look better for airport scanners, and travelers cancel reservations at Gulf Coast hotels because of the oil spill. ...Source: RSS feed - channel BNPaperBusiness | 24 May 2010 | 1:00 am California vintners thirsty for a taste of China's booming wine marketDemand for foreign wines is growing among the swelling middle class. French exports dominate in a market that has been largely polarized — drinkers buy very cheap bottles or very expensive ones.At a time when recession-pinched Americans are swilling Trader Joe's Two Buck Chuck, Sun Xiao thinks nothing of entertaining his friends with $150 bottles of wine at his private club.
Source: L.A. Times - Business | 24 May 2010 | 1:00 am How to spice up first presentation to clientAlso, some ways technology can help businesses save moneyDear Karen: I'm making my first presentation to a potential client. Suggestions?
Source: L.A. Times - Business | 24 May 2010 | 1:00 am Construction industry builds up steam, adds 14,000 jobsThe U.S. figures for April mark the first back-to-back monthly gains in that sector since 2006. California still sees a drop in the industry's workforce but at a slower pace. ...Source: RSS feed - channel BNPaperBusiness | 24 May 2010 | 1:00 am Gulf of Mexico oil spill: Obama piles pressure on BP to plug leakBarack Obama, the US President, is sending two Cabinet secretaries to the fouled Gulf Coast on Monday to keep pressure on energy giant BP to plug an undersea oil leak that threatens an ecological disaster.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 24 May 2010 | 12:58 am UPDATE 1-BP slashes oil capture estimates for Gulf spill* Cost of response rises to $760 mln from $625 mln last week (Adds details, background)Source: RSS feed - channel BNewsBusiness | 24 May 2010 | 12:57 am NZ dollar dips, volatility expected to continueThe New Zealand dollar fell today when the Australian dollar came under pressure.The NZ dollar fell to US67.39c by 5pm, after rising to US67.97c at 8am from US67.58c at 5pm yesterday.Danica Hampton, senior currency strategist...Source: nzherald.co.nz - Business | 24 May 2010 | 12:44 am UPDATE 1-Chloride FY profit beats views, mum on EmersonLONDON, May 24 (Reuters) - British power protection company Chloride said it has started the new year with a record opening order book after reporting a full-year profit at the top end of expectations...Source: RSS feed - channel BNewsBusiness | 24 May 2010 | 12:36 am Strauss Group Reports First Quarter 2010 ResultsSource: RSS feed - channel BNewsBusiness | 24 May 2010 | 12:31 am SK Energy to run lower emission cracker from OctSEOUL, May 24 (Reuters) - South Korea's SK Energy said on Monday it planned to run from October a new cracker with capacity of 40,000 tonnes per year (tpy) employing advanced catalytic olefin techology...Source: RSS feed - channel BNewsBusiness | 24 May 2010 | 12:30 am U.S. plays down European crisis but China worriedBEIJING/MADRID (Reuters) - The United States suggested Europe's debt crisis would have minimal impact on global growth, but China took a more pessimistic view, warning it would impact...Source: RSS feed - channel BNewsBusiness | 24 May 2010 | 12:28 am Market higher as investors eye Telecom's futureThe New Zealand sharemarket managed a positive start to the week even though Telecom's confirmation that it is prepared to fully separate its business added further uncertainty to an already nervous market.The benchmark NZX-50...Source: nzherald.co.nz - Business | 24 May 2010 | 12:27 am China avoids commitment to US on currencyChina’s president says the two global powers need to enhance economic policy coordination and work together to promote ‘full economic recovery’Source: Financial Times - US homepage | 24 May 2010 | 12:07 am High thrillsThe growing popularity of extreme sportsSource: BBC News | Business | World Edition | 23 May 2010 | 11:54 pm Asian investors cautious as markets edge higherAsian stocks markets were mostly higher on Monday but gains were tepid as investors stayed cautious about Europe's debt problems even after a big jump on Wall Street.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 May 2010 | 11:50 pm Peter Brimelow: Three skunks say market still stinksThree letters that anticipated the Crash of 2008 were skunks at the party when the 2010 rally began, and they're still bearish today, reports Peter Brimelow.
Source: MarketWatch.com - Top Stories | 23 May 2010 | 11:44 pm Caixin Online: China municipalities to get resource-tax windfallA plan to drastically increase China's natural-resource tax could substantially boost the incomes of local governments, Caixin Online reports.
Source: MarketWatch.com - Top Stories | 23 May 2010 | 11:29 pm Thai exports drive strong growthThailand on Monday announced better-than-expected growth for the first quarter of the year as the country benefited from a global recovery in exports, although the effects of recent anti-government protests...Source: RSS feed - channel BNPaperBusiness | 23 May 2010 | 11:07 pm Emerging Markets Report: South Korea won plummets as tensions escalateThe South Korean won falls sharply against the U.S. dollar following a speech by President Lee Myung-bak suspending trade ties with the North and condemning last month’s deadly attack on a South Korea warship.
Source: MarketWatch.com - Top Stories | 23 May 2010 | 10:17 pm Asia Markets: Analysts warn of Japan's ticking fiscal time bombJapan’s Nikkei Stock Average touches its lowest level in more than five months, plagued by ongoing concerns over the potential spread of Europe’s sovereign-debt troubles -- and rightly so, according to analysts.
Source: MarketWatch.com - Top Stories | 23 May 2010 | 10:12 pm Thai Q1 GDP surprisingly strong, outlook uncertainBANGKOK (Reuters) - Thailand's economy grew at its fastest rate in 15 years in the first quarter of 2010, surprising analysts, and a state agency forecast growth of up to 4.5 percent this year, but recent riots raise questions about the outlook. Powered by a surge in exports, Southeast Asia's second-biggest economy expanded 3.8 percent in the first quarter of this year from the previous quarter, more than double the 1.8 rise expected by most economists. On an annual basis, the economy grew 12 pe
Source: Reuters: Business News | 23 May 2010 | 10:01 pm Marsh on Monday: Europe's choice: chaos or solidarityEurope is facing a dilemma that's been coming since 1999, writes David Marsh.
Source: MarketWatch.com - Top Stories | 23 May 2010 | 10:01 pm Japan retail investor sentiment plunges on Greece crisisTOKYO (Reuters) - Japanese retail investor sentiment toward domestic stocks deteriorated sharply in May, falling from its best level in nearly three years due to deepening worries about the euro zone's debt crisis.
Source: Reuters: Business News | 23 May 2010 | 9:33 pm Japan retail investor sentiment plunges on Greece crisis (Reuters)Reuters - Japanese retail investor sentiment toward domestic stocks deteriorated sharply in May, falling from its best level in nearly three years due to deepening worries about the euro zone's debt crisis.Source: Yahoo! News: Business News | 23 May 2010 | 9:33 pm 'Shrek Forever After' opening draws less than half as many moviegoers as 'Shrek the Third'Source: RSS feed - channel BNPaperBusiness | 23 May 2010 | 9:32 pm Telecom shares plunge as separation loomsTelecom shares fell to a new record low today after the company confirmed it is prepared to break up its business to participate in the Government's ultrafast broadband (UFB) initiative."The Government's UFB initiative will fundamentally...Source: nzherald.co.nz - Business | 23 May 2010 | 8:45 pm Crafar in farm buy-back bidThe former head of New Zealand's biggest private dairy operation is expecting to be able to pull an offer together for receivers this week, but admits he's got no idea whether it will be enough to stave off receivership.Allan...Source: nzherald.co.nz - Business | 23 May 2010 | 8:30 pm 24/7 Wall St.’s Corporate Power Rankings: Week 19The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and change, and credible rumors. It is, in effect, a new version of the DJIA. The Corporate Power Rankings are released at [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 May 2010 | 8:29 pm US Justice Department ends AIG probeThe US Department of Justice has closed its two-year criminal investigation of the insurance group after determining that there was insufficient evidence to support chargesSource: Financial Times - US homepage | 23 May 2010 | 7:58 pm Business aid biggest loser as Osborne wields axeVince Cable’s Business Department will bear the brunt of £6 billion in cuts outlined today as the coalition makes its first moves on the deficit. Source: Latest Business News from Times Online | 23 May 2010 | 6:01 pm Business big shot: Justin Stead of Aurum HoldingsIt is hard to find a cheerful shopkeeper these days, distracted as they are by the tax rises and public spending cuts that are hovering, Damocles-like, above the British consumer. Source: Latest Business News from Times Online | 23 May 2010 | 6:01 pm Investment fund offers chance to help rebuild IraqBritish investors will be given their first opportunity to invest in the reconstruction of Iraq this week with the launch of two new funds aimed at financing the country’s development. Source: Latest Business News from Times Online | 23 May 2010 | 6:01 pm Mr Invisible meets Sir Constant Motion to thrash out the future of making televisionsThe leaders of Sony and Samsung, the world’s largest consumer electronics groups, will meet for the first time today in a sprawling guest house overlooking Seoul. Source: Latest Business News from Times Online | 23 May 2010 | 6:01 pm Cinven plans to offload hospitals before setting Spire afloatSpire Healthcare could be floated for nearly £1 billion. Source: Latest Business News from Times Online | 23 May 2010 | 6:01 pm China holds its nerveThe euro remains a worry; so does China. The bad news, which played a big part in the plunge in world stock markets on Friday, is that China’s growth will be hit immediately by the turmoil in Europe. The good news is that this makes it less likely that China’s leaders will slam the brakes on the roaring economy — another fear that has also driven down markets. They are showing much more nuanced reaction to the rapid changes in circumstances around the world than their critics appear to have credited. They seem unlikely to overreact, as they did in late 2008. Source: Latest Business News from Times Online | 23 May 2010 | 6:01 pm Bernard Hickey: Partial Kiwibank sale good ideaI think a partial sale of Kiwibank to retail investors through a stock market float is a good idea within limits. An NZX listing with independent directors would apply the disciplines of private ownership that have helped Air...Source: nzherald.co.nz - Business | 23 May 2010 | 6:00 pm Euro crises threaten Europe's welfare stateSix weeks of vacation a year. Retirement at 60. Thousands of euros for having a baby. A good university education for less than the cost of a laptop.The system known as the European welfare state was built after World War II as...Source: nzherald.co.nz - Business | 23 May 2010 | 6:00 pm Report links long-term sick leave to depressionPeople off work due to injury are likely to suffer high rates of depression and suicide, new research suggests.The report on the relationship between work and health, to be presented at an Australasian Faculty of Occupational...Source: nzherald.co.nz - Business | 23 May 2010 | 5:20 pm NZ sharemarket opens strongerThe New Zealand sharemarket opened stronger today, improving from a week of loses as investors continued to worry over European sovereign debt.About 10am, the benchmark NZX-50 index opened up 26 points or 0.87 per cent at 3076.612...Source: nzherald.co.nz - Business | 23 May 2010 | 5:09 pm NZers underestimate value of agricultural sector: KeySome New Zealanders are underestimating the value and possible growth in the local agriculture sector which is why Chinese investors seem to be at the forefront to purchase Crafar farms, Prime Minister John Key says.Some 16 North...Source: nzherald.co.nz - Business | 23 May 2010 | 4:10 pm Haier: No plans to take bigger F&P stakeHaier, the Chinese home goods maker that bought a 20 per cent stake in Fisher & Paykel Appliances last year, says it does not plan to increase its stake in the New Zealand manufacturer.Although not well known to New Zealanders,...Source: nzherald.co.nz - Business | 23 May 2010 | 4:00 pm Media play the waiting game over iPadApple’s international launch this week will not be accompanied by a swathe of newspaper and magazine apps, in contrast to its much-hyped launch in the US and in spite of print publishers’ high hopes for the platformSource: Financial Times - US homepage | 23 May 2010 | 3:47 pm Sanctions hit North Korea's crumbling economy: reportSEOUL (Reuters) - North Korea's crumbling economy is feeling the effects of sanctions for nuclear and ballistic missile activities, with foreign trade falling 10 percent in 2009 from the previous year, South Korea said on Monday.
Source: Reuters: Business News | 23 May 2010 | 3:05 pm Bond issues stall as euro crisis bitesWorries over the eurozone’s public debt problems and the unco-ordinated political response to the single currency’s gravest crisis in its 11-year existence undermine confidenceSource: Financial Times - US homepage | 23 May 2010 | 3:03 pm Fiscal crises threaten Europe's generous benefits (AP)
Source: Yahoo! News: Business News | 23 May 2010 | 2:55 pm Jobs and tax bill to cost $134 billionCongressional budget scorekeepers said that a grab-bag bill of spending and tax measures to be taken up this week would increase federal deficits by $134 billion over a decade.Source: Business and financial news - CNNMoney.com | 23 May 2010 | 2:33 pm Gas prices drop more than 9 cents in 2 weeks (AP)
Source: Yahoo! News: Business News | 23 May 2010 | 2:29 pm European bank jitters as Spain steps in to save CajasurInvestors are braced for fresh turbulence in European bank shares after Spain's authorities stepped in to rescue a bank.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 May 2010 | 2:03 pm Pru's Asia chief not planning to take up his full rightsThe head of Prudential's Asian business is not planning to take up his full entitlement in the company's record £14.5bn rights issue, The Daily Telegraph has learned.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 May 2010 | 1:36 pm Lloyds attacked for 'abuse of taxpayer cash'Lloyds Banking Group is under attack from politicians and rivals over "perverse" pay practices in its private equity arm that encourage staff to gamble with taxpayers' money.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 May 2010 | 1:31 pm Loop Catches Oil SpillThe NOAA reported that several overflights were conducted today to help researchers forecast the trajectory of the oil spill over the next 72 hours. On one flight, a significant amount of oil was observed to the southeast of the Chandeleur Islands. The edge of the spill has begun to enter The Loop which catches its [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 May 2010 | 1:31 pm IMF cool on Osborne's watchdog for TreasuryIMF fails to support George Osborne's claims to have revolutionised economic policy with an independent body overseeing the public finances.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 May 2010 | 1:16 pm Final talks near on US financial reformLeaders in Congress could as early as Monday select the lawmakers who will participate in the final round of negotiations on the sweeping overhaul of US financial regulation, ushering in a new period of lobbying over the landmark bill.Source: Financial Times - US homepage | 23 May 2010 | 11:32 am Small investors after market drop: I told you so (AP)AP - Maybe the dumb money isn't so dumb after all.Source: Yahoo! News: Stock Markets News | 23 May 2010 | 11:30 am Republicans clash over California nominationWith Arnold Schwarzenegger stepping down after two terms and Jerry Brown, the Democratic candidate, standing unopposed for his party’s nomination, the race is on to see which Republican will have their name on the ballotSource: Financial Times - US homepage | 23 May 2010 | 11:09 am CA-CANADA Summary (Reuters)Reuters - Canada's stalwart and sturdy banks are set to report another string of strong profits in the second quarter -- and that just may be the problem. With credit losses easing, Canada's biggest lenders are expected to impress again as they unveil results. But as global uncertainty takes a bite out of stock markets, even Canadian banks may find it hard to live up to the hype.Source: Yahoo! News: Stock Markets News | 23 May 2010 | 10:29 am Creeping crisis?Will Salt Lake evaporation ponds harm waterfowl?Source: BBC News | Business | World Edition | 23 May 2010 | 9:38 am Euro zone woes to make for erratic market (Reuters)Reuters - Volatility will be the name of the game on Wall Street this week as uncertainty over the euro-zone debt crisis remains and investors will need nerves of steel to make bets on risky assets like stocks.Source: Yahoo! News: Stock Markets News | 23 May 2010 | 8:55 am The Unusual Suspects (AIG, COST, EW, EMC, GS, INFY, MDT, TIVO)This coming week has what seems like a tame or simple cast of characters in The Unusual Suspects. While there are earnings on deck, most of these are not considered earnings reports. The stocks we are watching include American International Group Inc. (NYSE: AIG), Costco Wholesale Corporation (NASDAQ: COST), Edwards Lifesciences Corp. (NYSE: EW), EMC [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 May 2010 | 8:36 am Okinawans rage against ‘betrayal’ on FutenmaOkinawan leaders accuse the PM of ‘betrayal’ after he sticks by a deal to relocate a US military base on the island rather than keep an election promise to remove it.Source: Financial Times - US homepage | 23 May 2010 | 6:27 am “Regressive Terminations”: UK May Fire 300,000The UK government could fire 300,000 people and the number may rise to 700,000, according to the Times of London. The nation has an estimated £156 billion budget deficit. Governments in Greece, Spain, and Portugal are taking similar measures by lowering government worker salaries and starting layoffs. The trouble with the massive cuts in all [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 May 2010 | 5:40 am Should You Pay for Fund Manager Experience? (Screens)Wherry: The wisdom of managers who have seen tricky markets before.
Source: SmartMoney.com | 23 May 2010 | 3:01 am
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