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Cautious optimism ahead of US dataGlobal Market Overview: Trade slows in the shadow of the US non-farm payrolls data for May, which are expected to show that the world’s largest economy added 513,000 jobs, confirming the recovery remains on trackSource: Financial Times - US homepage | 4 Jun 2010 | 4:19 am Easyjet tests volcanic ash sensorUK budget airline Easyjet says it will be the first carrier to trial a system that allows planes to fly round ash clouds.Source: BBC News | Business | World Edition | 4 Jun 2010 | 4:14 am New car registrations tick up 13.5%Sales of new cars have held up despite the phasing out of the Government’s scrappage scheme, rising 13.5 per cent on last year. Source: Latest Business News from Times Online | 4 Jun 2010 | 4:13 am Indications: U.S. stock index futures up ahead of payrollsInvestors are firmly focused on the upcoming release of May U.S. employment data, which is expected to show the largest jump in nonfarm payrolls in 27 years.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 4:08 am BP shares bounce on dividend talkBP's share price rises 4% in early trading as investors hope the oil giant will say it is not cutting its dividend.Source: BBC News | Business | World Edition | 4 Jun 2010 | 4:05 am Key To May Jobs Report: Ignore Census HiringConsensus estimates are that there were 520,000 to 540,000 jobs created in May, the largest gain in 27 months. About 400,000 of those were due to temporary jobs created by hiring for the Census. That number is meaningless. If the private sector did not add at least 100,000 new full-time employees, it is is disaster. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 4:05 am AstraZeneca seeks European OK for aspirin product (AP)AP - AstraZeneca says it has applied for authorization to market in Europe a drug combining low-dose aspirin with its best-selling ulcer drug Nexium.Source: Yahoo! News: Business News | 4 Jun 2010 | 4:03 am European trade unions: austerity is going too far (AP)AP - European trade unions are warning that government budget cuts are going too far and could trigger an economic depression.Source: Yahoo! News: Business News | 4 Jun 2010 | 4:03 am UK new car sales 'strong' in MayUK new car sales rose 13.5% in May compared with the same month a year ago, industry figures show.Source: BBC News | Business | World Edition | 4 Jun 2010 | 4:01 am McDonald's recalls 12 million Shrek glassesUS chain McDonald's recalls 12m drinking glasses promoting the new Shrek movie after finding they contain a toxic metal.Source: BBC News | Business | World Edition | 4 Jun 2010 | 4:01 am ICSC: Retail Sales Up 2.6% In MayThe retail shopper may be running low on steam. The ICSC says its data shows that retail sales were up only 2.6% in May. Tight credit, a flight to savings, and worries about employment are likely causes for the disappointing stats. Douglas A. McIntyre Filed under: Retail[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 4:00 am Eurozone Q1 growth confirmed at 0.2 percent (AP)AP - The economy of the 16 countries that use the euro grew by 0.2 percent during the first quarter compared with the previous three-month period, despite another big drop in output in debt-laden Greece, official figures showed Friday.Source: Yahoo! News: Business News | 4 Jun 2010 | 3:59 am Europe Markets: European shares on track for fifth day of gainsEuropean shares advance on Friday, led by gains in the energy sector with reports suggesting BP could be nearer to controlling the oil spill in the Gulf of Mexico.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 3:58 am INTERVIEW - India will not pause rate hikes for now - Pranab (Reuters)
Source: Yahoo! News: Business News | 4 Jun 2010 | 3:56 am Cap placed atop Gulf well; oil still spewing (AP)
Source: Yahoo! News: Business News | 4 Jun 2010 | 3:54 am Investors rush to buy BP on the cheapBP has been the most popular bought share this week, according to a leading stockbroker.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 3:53 am Barnes & Noble, Hurt By Kindle, Offers IncentiveThere are many estimates of the size of the e-reader market and which companies have the most market share. Amazon.com (NASDAQ: AMZN) claims it has sold “millions of Kindles” and that the device is the most popular item on its well-visited e-commerce site. Most researchers who cover the e-reader market say that Amazon has a [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 3:53 am G20 finance chiefs mull growth agenda, finance (AP)
Source: Yahoo! News: Business News | 4 Jun 2010 | 3:49 am Investors eye detail as AgBank heads for record IPOHONG KONG (Reuters) - Investors will scour a preliminary prospectus for Agricultural Bank of China's around $30 billion IPO, the world's largest, for updates on its book value and bad loans.
Source: Reuters: Business News | 4 Jun 2010 | 3:46 am Public spending details publishedInformation about government spending has been published as part of a drive to open up official data to the public.Source: BBC News | Business | World Edition | 4 Jun 2010 | 3:43 am World stocks up modestly ahead of key US jobs data (AP)
Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 3:41 am Doubts over global economy return as G20 meetsBUSAN, South Korea (Reuters) - Leading policymakers expressed concern on Friday about the health of the world economy even as they closed ranks behind the euro zone's efforts to tackle a debt crisis that has rattled global markets.
Source: Reuters: Business News | 4 Jun 2010 | 3:40 am Japan, Australia slip; China, Hong Kong steadyMarkets in Asia end mixed, with investors cautious ahead of key U.S. payrolls data.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 3:38 am Desmond 'wants to buy Sun paper'Richard Desmond, owner of the Daily Express and Daily Star, indicates that he wants to buy the Sun newspaper.Source: BBC News | Business | World Edition | 4 Jun 2010 | 3:37 am Class actWhy running a school is like running a businessSource: BBC News | Business | World Edition | 4 Jun 2010 | 3:37 am Halifax says house market slowingThe UK housing market is slowing down again, the Halifax says, as prices fall 0.4% in May, the second monthly drop in a row.Source: BBC News | Business | World Edition | 4 Jun 2010 | 3:35 am Ballmer’s Defense Of The PC Supported By FactsMicrosoft (NASDAQ: MSFT) CEO Steve Ballmer says the future of the Windows operating system for PCs is bright. History is on his side, but is Wall St.’s perception of the future? Windows runs on as many as 90% of the world’s personal computers. Windows 7 is the most successful software launch in Microsoft’s history. The [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 3:25 am McDonald's pulls cadmium-tainted 'Shrek' glasses (AP)
Source: Yahoo! News: Business News | 4 Jun 2010 | 3:19 am McDonald’s Recalls 12 Million “Shrek” GlassesMcDonald’s (NYSE: MCD) describes its collaboration with the producers of the animated “Shrek” movie, which appeals to youngsters, as a way “to encourage kids around the world to make balanced eating choices. ” It is also part of the largest fast food chains “commitment to responsible marketing for children.” The image McDonald’s is trying to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 3:08 am As Market Grew Volatile, Advisors Disappeared (On the Street)A new report shows a recent decline in the number of U.S. retail advisors.
Source: SmartMoney.com | 4 Jun 2010 | 3:01 am 10 Great European StocksDespite the dark clouds over Europe, some global outfits based there should thrive.
Source: SmartMoney.com | 4 Jun 2010 | 3:01 am Risky Business: Investors and Hindsight (Money and Your Mind)Misremembering how you evaluate risk could drag down your portfolio.
Source: SmartMoney.com | 4 Jun 2010 | 3:01 am Did a Wild May Herald a Double Dip? (Broker Talk)Experts discuss whether volatility could mean a return to recession.
Source: SmartMoney.com | 4 Jun 2010 | 3:01 am The Week in Business Tweets: Linked In (Twitter Beat)Goldman's connection to the BP blowout and Buffett's support of Moody's.
Source: SmartMoney.com | 4 Jun 2010 | 3:01 am 3 High-Tech Gift Ideas for Father's DayWith June 20 approaching, here are some sporty gadgets for active dads.
Source: SmartMoney.com | 4 Jun 2010 | 3:00 am Why millions are sharing BP's painInvestors in tracker funds and pensions have been hit by the oil giant's woes.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 3:00 am Economic Report: U.K. house prices fall 0.4% in May: HalifaxBritish house prices decline in May as the property market continues to slow, mortgage lender Halifax says, in contrast with a report from Nationwide ealirer in the week.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 2:58 am BA 'worst for baggage problems'UK air travellers experience the most baggage problems when flying with British Airways, a survey claims.Source: BBC News | Business | World Edition | 4 Jun 2010 | 2:52 am Wall St futures higher ahead of non-farm payrolls(Reuters) - Stocks edged up on Friday, with investors anticipating a strong reading for a key employment report due out later in the day, which could provide an indication of the pace of recovery in the world's largest economy.
Source: Reuters: Business News | 4 Jun 2010 | 2:51 am Wall St futures higher ahead of non-farm payrolls (Reuters)
Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 2:51 am Drilling ban to cost thousands of jobsThe White House responded Thursday to concerns that the ban on drilling for oil in the deep waters of the Gulf of Mexico will cost the region thousands of jobs.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 2:50 am Bonds: Avoid the next great bubbleAs manias go, this one is different. Your neighbors aren't coming up to you at cocktail parties bragging about making a killing in bonds. No one is flipping fixed income for quick profit. And no talk-radio guru is shouting that bonds will be the only investment left standing after the next financial Armageddon.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 2:48 am Walmart To Aid Employees To Get College EducationsWalmart (NYSE: WMT) plans to help 1.4 million of its US workers to get a higher education. The company announced that “Walmart’s Lifelong Learning Program will make it more convenient and more affordable for our associates to attend college while also working at the company.” The program will be done through a partnership with American [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 2:44 am Germ-killing uniforms for doctorsWhen the going gets tough, plain old cotton won't do. Just ask sportswear manufacturers, many of which incorporate anti-microbial, fluid-resistant fabric into their clothing lines to keep athletes dry and odor-free.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 2:42 am London Markets: BP advances in broadly higher FTSE 100 indexInvestors are hopeful that the firm’s latest efforts to control the oil spilling into the Gulf of Mexico will be successful, sending shares higher.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 2:42 am Stocks await jobs reportU.S. stocks were set for a flat open Friday, but the government's monthly jobs report could provide direction before the bell rings.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 2:37 am BP lowers cap on leaking well, but results unclearBP places a containment cap over the leaking pipe in the Gulf of Mexico, but it is still unclear how successful the firm will be in stemming the flow of oil.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 2:29 am Hornby brings back dividend as sales riseHornby is to resume dividend payments after reporting strong full-year sales and slashing debt levels by nearly three quarters. Source: Latest Business News from Times Online | 4 Jun 2010 | 2:23 am Fiscal conservative Kan to be Japan's next leaderJapanese markets barely twitch Friday in reaction to news that weak-yen-proponent Naoto Kan will be Japan’s new prime minister.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 2:19 am US expected to have added most jobs since 1983The US is expected to have added jobs for a fifth straight month in May, bolstering hopes that the world's biggest economy is gaining strength.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 2:16 am Neilsen plans $1.75bn float to pay off debt$Neilsen Holdings, the television ratings company, plans to raise up to $1.75 billion in a float on the New York Stock Exchange.$ Source: Latest Business News from Times Online | 4 Jun 2010 | 2:12 am Electric carWhat is it like to live with one every day?Source: BBC News | Business | World Edition | 4 Jun 2010 | 2:04 am BP moves to calm investors over financesBP will try to reassure investors about its financial position after its massive oil spill in the Gulf of Mexico, in spite downgrades from credit rating agenciesSource: Financial Times - US homepage | 4 Jun 2010 | 1:58 am NZ dollar firm ahead of long weekendThe New Zealand dollar settled into a fairly narrow range today after pushing to within a whisker of US69c on Thursday night.By 5pm the NZ dollar was buying US68.44c, little changed from US68.35c at 8am and compared to US68.46c...Source: nzherald.co.nz - Business | 4 Jun 2010 | 1:48 am Media Digest 6/4/2010 Reuters, WSJ, NYTimes FT, BloombergReuters: More doubts about the global economy arose as the G20 prepares to meet. Reuters: American International Group (NYSE: AIG) is not sure about the future of AIA. Reuters: Census hiring will improve unemployment numbers for May. Reuters: Some members of the Fed want to raise rates soon.Reuters: The oil [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 1:48 am Kan to replace Hatoyama as Japanese PMThe finance minister under Yukio Hatoyama, regarded as a more pragmatic and decisive politician, is elected to succeed himSource: Financial Times - US homepage | 4 Jun 2010 | 1:47 am NZ shares post modest gainsThe New Zealand sharemarket posted modest gains today as Telecom's share price rose from a record low, though investors are cautious ahead of non-farm payroll data in the United States and a long holiday weekend here.The benchmark...Source: nzherald.co.nz - Business | 4 Jun 2010 | 1:45 am FTSE 100 climbs at open (AFP)
Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 1:40 am BP's battered brand draws consumer oppositionWASHINGTON/LOS ANGELES (Reuters) - U.S. consumers are venting frustration over the BP oil spill, demonstrating at gas stations and corporate offices, drumming up support on Facebook and waging a mock public relations campaign on Twitter.
Source: Reuters: Business News | 4 Jun 2010 | 1:30 am Ash cloud hangs over Berlin air meetingsAMSTERDAM (Reuters) - Top executives of the world's biggest airlines will gather in Berlin this weekend, seeking elusive answers to the future of the industry as they move past the...Source: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 1:21 am Ash cloud hangs over Berlin air meetingsAMSTERDAM (Reuters) - Top executives of the world's biggest airlines will gather in Berlin this weekend, seeking elusive answers to the future of the industry as they move past the financial crisis and the damage from Iceland's ash cloud. The International Air Transport Association holds its annual meeting in the German capital from June 6-8, followed by the ILA Berlin Air Show from June 8-13.
Source: Reuters: Business News | 4 Jun 2010 | 1:21 am Gulf of Mexico oil spill: BP chief faces investors as US political storm deepensTony Hayward will today aim to reassure investors, as he faces political pressure in the US to suspend the dividend.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 1:17 am Universities are offering doctorates but few jobsGraduates frustrated by the lack of tenure-track positions available amid budget cuts are looking off campus. Many find work that wouldn't have cost them years in school or put them deep in debt.As they walk in hooded robes to the strains of "Pomp and Circumstance," many students getting their doctorates this spring dream of heading to another university to begin their careers as tenure-track professors.
Source: L.A. Times - Business | 4 Jun 2010 | 1:00 am Movie projector: 'Get Him to the Greek' and 'Killers' aiming for No. 2'Shrek Forever After' should win its third straight weekend while 'Marmaduke' lumbers into the fray.Last year on the first weekend of June, "The Hangover" shocked Hollywood with a $41-million opening, one of the biggest ever for an R-rated comedy.
Source: L.A. Times - Business | 4 Jun 2010 | 1:00 am Boeing, striking C-17 factory workers back in talksBoeing Co. and C-17 factory workers in Long Beach were back at the negotiating table Thursday, hoping to break an impasse in a strike that has shut down Southern California's last remaining major airplane factory for nearly a month.
Source: L.A. Times - Business | 4 Jun 2010 | 1:00 am BP debt rating is cut as gulf oil leak costs mountMoody's Investors Service and Fitch Ratings reduce their credit ratings for the oil giant, which estimates the cleanup and containment could cost it $3 billion.BP is becoming the new pariah of the oil industry and faces the possibility of having to sell assets if it can't show some success in the coming weeks at stemming the flow of crude into the Gulf of Mexico, Wall Street analysts and energy experts say.
Source: L.A. Times - Business | 4 Jun 2010 | 1:00 am Fire risk leads to huge Maytag dishwasher recallWhirlpool Corp.'s Maytag unit is recalling about 1.7 million dishwashers because of a fire hazard.
Source: L.A. Times - Business | 4 Jun 2010 | 1:00 am Southland county fairs face increased competition for musical actsWhen singer Pat Benatar rolls through Southern California this summer, she won't be belting out her rock classic "Love Is a Battlefield" at the Orange County Fair.
Source: L.A. Times - Business | 4 Jun 2010 | 1:00 am Monrovia's AeroVironment to install up to 100 electric-car charging stations in South CarolinaThe stations in seven cities will be funded largely by state grants. They're expected to be running by Dec. 1 and ready for the rollout of the electric Ford Focus, the Nissan Leaf and the Chevy Volt.Electric vehicles are few and far between in South Carolina at the moment, but Monrovia technology company AeroVironment Inc. is helping prep the state for what it hopes will be a clean-car movement.
Source: L.A. Times - Business | 4 Jun 2010 | 1:00 am Movie projector: 'Get Him to the Greek' and 'Killers' aiming for No. 2'Shrek Forever After' should win its third straight weekend while 'Marmaduke' lumbers into the fray. Last year...Source: RSS feed - channel BNPaperBusiness | 4 Jun 2010 | 1:00 am David Lazarus: Blue ribbon transit committee mails it inThe MTA panel charged with creating a new vision for public transportation in the region delivers a busload of status quo.A gaggle of transportation officials and community leaders gathered this week to help shape the future of public transit in Los Angeles County — to decide, in effect, whether it's time for revolutionary change, or whether the status quo should prevail.
Source: L.A. Times - Business | 4 Jun 2010 | 1:00 am BP debt rating is cut as gulf oil leak costs mountMoody's Investors Service and Fitch Ratings reduce their credit ratings for the oil giant, which estimates the cleanup and containment could cost it $3 billion. ...Source: RSS feed - channel BNPaperBusiness | 4 Jun 2010 | 1:00 am Universities are offering doctorates but few jobsGraduates frustrated by the lack of tenure-track positions available amid budget cuts are looking off campus. Many find work that wouldn't have cost them years in school or put them deep in debt. ...Source: RSS feed - channel BNPaperBusiness | 4 Jun 2010 | 1:00 am Retailers report uneven May sales figuresCostco and other budget stores fare especially well. Many teen chains show declines. Overall, it was the ninth straight month of year-over-year sales increases, but analysts expected better.The nation's consumer spending recovery seemed to hit a snag in May as retailers reported uneven sales results that hinted at what could be a tough summer for spending.
Source: L.A. Times - Business | 4 Jun 2010 | 1:00 am Southland county fairs face increased competition for musical actsWhen singer Pat Benatar rolls through Southern California this summer, she won't be belting out her rock classic "Love Is a Battlefield" at the Orange County Fair.Source: RSS feed - channel BNPaperBusiness | 4 Jun 2010 | 1:00 am Monrovia's AeroVironment to install up to 100 electric-car charging stations in South CarolinaThe stations in seven cities will be funded largely by state grants. They're expected to be running by Dec. 1 and ready for the rollout of the electric Ford Focus, the Nissan Leaf and the Chevy Volt. ...Source: RSS feed - channel BNPaperBusiness | 4 Jun 2010 | 1:00 am Boeing, striking C-17 factory workers back in talksBoeing Co. and C-17 factory workers in Long Beach were back at the negotiating table Thursday, hoping to break an impasse in a strike that has shut down Southern California's last remaining major airplane...Source: RSS feed - channel BNPaperBusiness | 4 Jun 2010 | 1:00 am Retailers report uneven May sales figuresCostco and other budget stores fare especially well. Many teen chains show declines. Overall, it was the ninth straight month of year-over-year sales increases, but analysts expected better. ...Source: RSS feed - channel BNPaperBusiness | 4 Jun 2010 | 1:00 am David Lazarus: Blue ribbon transit committee mails it inThe MTA panel charged with creating a new vision for public transportation in the region delivers a busload of status quo. A gaggle of...Source: RSS feed - channel BNPaperBusiness | 4 Jun 2010 | 1:00 am Jade Cargo Selects Boeing Airplane Health ManagementSource: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 12:35 am Currencies: Yen steadies vs. rivals as Japan poised for new PMThe yen is lower against major rivals in Asian trading Friday but steady after the ruling Democratic Party of Japan elected Naoto Kan as its leader, all but assuring that he will formally assume the prime minister's role later in the day.
Source: MarketWatch.com - Top Stories | 3 Jun 2010 | 11:57 pm Diary of a Recession Baby: Recession brings tough love to family firmsExpecting Mom and Dad to set you up with a cushy job in the family business? Not so fast.
Source: MarketWatch.com - Top Stories | 3 Jun 2010 | 11:51 pm Oil industry grapples with risk and volatile pricesSINGAPORE (Reuters) - Oil's steep drop of more than $20 a barrel over three weeks last month, sparked by European debt woes, underscored market volatility from stocks to commodities and theSource: RSS feed - channel BNewsBusiness | 3 Jun 2010 | 11:50 pm Oil industry grapples with risk and volatile pricesSINGAPORE (Reuters) - Oil's steep drop of more than $20 a barrel over three weeks last month, sparked by European debt woes, underscored market volatility from stocks to commodities and the fragile state of global economic recovery.
Source: Reuters: Business News | 3 Jun 2010 | 11:50 pm Investors to scour AgBank IPO docs for NPL and book ratiosHONG KONG (Reuters) - Investors will scour a preliminary prospectus for Agricultural Bank of China's around $30 billion IPO, the world's largest, for updates on its book value and bad...Source: RSS feed - channel BNewsBusiness | 3 Jun 2010 | 11:22 pm Chrysler CEO: Focus must remain on getting better (AP)
Source: Yahoo! News: Business News | 3 Jun 2010 | 10:18 pm Census hiring to boost U.S. payrolls in MayWASHINGTON, Jun (Reuters) - U.S. nonfarm payrolls likely rose at their fastest pace in nearly 27 years in May as the government ramped up hiring for the census and businesses grew more...Source: RSS feed - channel BNewsBusiness | 3 Jun 2010 | 10:14 pm Census hiring to boost U.S. payrolls in MayWASHINGTON, Jun (Reuters) - U.S. nonfarm payrolls likely rose at their fastest pace in nearly 27 years in May as the government ramped up hiring for the census and businesses grew more optimistic about the economy, a Reuters survey showed.
Source: Reuters: Business News | 3 Jun 2010 | 10:14 pm BP chief to face investors, questions about job (AP)
Source: Yahoo! News: Business News | 3 Jun 2010 | 10:11 pm South Canterbury to get $25m boostSouth Canterbury Finance has announced that Pyne Gould Corp's Torchlight Security Trustee had agreed to lend an extra NZ$25 million to South Canterbury Finance, increasing its total loan facility to the Timaru-based finance company...Source: nzherald.co.nz - Business | 3 Jun 2010 | 10:09 pm Thomas Kostigen's Ethics Monitor: McDonald's gay ad sets good exampleMcDonald’s Corp. is running an advertisement in France targeting gay customers that is stirring controversy, writes Thomas Kostigen.
Source: MarketWatch.com - Top Stories | 3 Jun 2010 | 10:01 pm Tony Guglielmin Joining Ballard As CFOSource: RSS feed - channel BNewsBusiness | 3 Jun 2010 | 9:30 pm Dollar and Asia stocks steady ahead of U.S. jobsHONG KONG (Reuters) - The U.S. dollar and Asian stocks held on to recent gains on Friday ahead of a report expected to show the highest U.S. jobs growth since 1983, supporting a cautious...Source: RSS feed - channel BNewsBusiness | 3 Jun 2010 | 9:28 pm Crafar farm deal goes to courtUBNZ Assets Holdings has gone to court to challenge the belief that Overseas Investment Office approval might be needed in order for it to purchase the remaining Crafar farms.The company has a conditional sale agreement in place...Source: nzherald.co.nz - Business | 3 Jun 2010 | 9:24 pm Increasingly hawkish Fed ponders raising rates (Reuters)
Source: Yahoo! News: Business News | 3 Jun 2010 | 8:38 pm Increasingly hawkish Fed ponders raising ratesATLANTA (Reuters) - Three top Federal Reserve officials said on Thursday it may soon be time to begin raising interest rates as the economic recovery in the United States gathers momentum, despite persistently high unemployment.
Source: Reuters: Business News | 3 Jun 2010 | 8:38 pm ClearOne Announces Newly Formed StreamNet Ready Partner ProgramSource: RSS feed - channel BNewsBusiness | 3 Jun 2010 | 8:31 pm G20 to back euro zone on debtBUSAN, South Korea (Reuters) - G20 finance ministers and central bankers will endorse efforts to douse the euro zone's debt crisis but are far apart on the contentious issue of a global...Source: RSS feed - channel BNewsBusiness | 3 Jun 2010 | 8:28 pm UPDATE 1-NAB in talks to sell AXA Asia retail platform* Begins talks to sell AXA platform to meet regulatory concernSource: RSS feed - channel BNewsBusiness | 3 Jun 2010 | 7:45 pm Global stocks mostly higher (AFP)
Source: Yahoo! News: Stock Markets News | 3 Jun 2010 | 7:42 pm Pressure on Bollard to hold rates steadyThe Reserve Bank will not be dictated to by what other central banks do, but ructions in global markets would still hold some weight for the Reserve Bank ahead of next week's Official Cash Rate review, economists say.Opinion is...Source: nzherald.co.nz - Business | 3 Jun 2010 | 6:36 pm Intel's 'tiny' problemDecades of booming personal computer sales helped Intel become a chipmaking behemoth, but consumers' rapid shift away from PCs may leave the tech giant out in the cold.Source: Business and financial news - CNNMoney.com | 3 Jun 2010 | 6:36 pm Business can’t rely on oil after Deep HorizonThe oil spill in the Gulf of Mexico has already been described as the biggest environmental crisis in US history. The efforts to stop the leak, repair the damage to the ecosystem and compensate those whose livelihoods depend on clean waters will come at a tremendous cost to BP. We still don’t know what the final bill will be — or how BP and its reputation will manage. Source: Latest Business News from Times Online | 3 Jun 2010 | 6:01 pm Little RepublicsWhen Carl-Henric Svanberg was unveiled as the chairman of BP in June last year, he was greeted by the complaint that nobody had ever heard of him. Now that an offshore drilling rig has exploded in the Gulf of Mexico, killing 11 people and causing an oil spill that threatens the long stretches of the southern coast of America, this is still the complaint: nobody has ever heard of him. Source: Latest Business News from Times Online | 3 Jun 2010 | 6:01 pm British Airways loses 400,000 passengers in May as new strike beginsNearly 400,000 people abandoned British Airways last month as strikes by cabin crew forced the airline to cancel hundreds of flights. Source: Latest Business News from Times Online | 3 Jun 2010 | 6:01 pm Field narrows in race for top Deloitte jobThe early favourite to replace John Connolly as chief executive of Deloitte’s British arm has been appointed head of the “big four” accountant’s global audit business. Source: Latest Business News from Times Online | 3 Jun 2010 | 6:01 pm BP is the target of jokes and curses as Obama fights backLike a stinking slick, the story of the BP oil spill has oozed and gushed its way into all parts of the US media, dominating headlines on an hourly basis. Source: Latest Business News from Times Online | 3 Jun 2010 | 6:01 pm Delay electric trains, says Network RailNetwork Rail has singled out electrification of railway lines as a major area of investment that could be cut back as public sector spending is squeezed. Source: Latest Business News from Times Online | 3 Jun 2010 | 6:01 pm Looming squeeze likely to weigh on servicesActivity in the service sector merely edged up in May with a sharp slowdown in new business and employment, new figures showed yesterday. Source: Latest Business News from Times Online | 3 Jun 2010 | 6:01 pm Watson and Hotchin due $5m from AlliedAllied Farmers is due to pay Eric Watson and Mark Hotchin a further $5 million by the end of this month.Allied managing director Rob Alloway said this week that payment was the final settlement on the deal between Allied Nationwide...Source: nzherald.co.nz - Business | 3 Jun 2010 | 6:00 pm Higher oil prices on the wayAs oil demand jumps to fresh highs and supplies fall, crude prices are climbing and poised for further gains this summer, signaling that higher costs at the pump may also be on the way.Source: Business and financial news - CNNMoney.com | 3 Jun 2010 | 5:32 pm NZ's Chinese tourist traps to be brought into lineThe tourism sector is making sweeping changes to its policy around Chinese visitors, in a bid to redress flagging satisfaction levels among some visitors here.All souvenir shops, transport operators and activity providers visited...Source: nzherald.co.nz - Business | 3 Jun 2010 | 5:30 pm Israel signals rethink on blockadeIsrael gave the first sign of concession to international calls for an end to its blockade of the Gaza Strip as thousands of mourners took to the streets of Istanbul for the funerals of Turkish victims of its attack on a Palestinian aid flotillaSource: Financial Times - US homepage | 3 Jun 2010 | 5:15 pm Tidjane Thiam insists he's the man to run PrudentialTidjane Thiam rejects suggestions that the failed bid for AIA has any bearing on his ability to run the insurer successfully.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jun 2010 | 5:11 pm Bank set for powers to force lenders to increase capitalThe Bank of England is to be given new powers to force individual lenders to increase capital levels if it decides they are at risk.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jun 2010 | 5:02 pm Virgin Blue reviews its entire networkVirgin Blue is reviewing its entire airline network, including New Zealand domestic operations rumoured to be losing money.The company is undertaking a wide-ranging review covering all its airline businesses, including the seats...Source: nzherald.co.nz - Business | 3 Jun 2010 | 5:00 pm BP sent $69m bill for oil spillWASHINGTON - The White House has slapped BP with a US$69 million bill and demanded prompt payment for the first instalment of government expenses incurred in the effort to halt the Gulf of Mexico oil spill.Officials also on Thursday...Source: nzherald.co.nz - Business | 3 Jun 2010 | 5:00 pm Dell CEO says considered taking company privateSAN FRANCISCO (Reuters) - Dell Inc's Michael Dell revealed on Thursday he had once considered taking the company he founded private, sending shares in the No. 3 PC maker surging as much as 6.4 percent.
Source: Reuters: Business News | 3 Jun 2010 | 4:59 pm FSA's record fine for JP Morgan may be too little too late to save the regulatorWhile the Financial Services Authority can point to a string of successes this year, its future is far from certain.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jun 2010 | 4:51 pm US manufacturers cautious on recoveryThe sector has played a critical role in job creation in recent months, but many still remain wary about the strength of any rebound in the economySource: Financial Times - US homepage | 3 Jun 2010 | 4:39 pm Lord Sassoon: Back to a Treasury desk for the third timeCoalition Government's new Commercial Secretary refuses to be drawn on the details of bank reform.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jun 2010 | 4:34 pm Write-Offs: 06.03.10
$$$ Latvians Stimulate Economy With ‘Blonde Parade’ [DI] $$$ Warren Buffett’s Anti-Competitive Profits [CNBC] $$$ U.S. Amid Another Mini Credit Crunch? [FBN] 
 Source: Dealbreaker | 3 Jun 2010 | 4:33 pm NZ sharemarket gains earlyThe New Zealand sharemarket made early gains as Telecom gained 1 per cent to lift its share price off yesterday's record closing low.By 10.15am the benchmark NZX-50 index was up 7.33 points to 3031.43, after underperforming against...Source: nzherald.co.nz - Business | 3 Jun 2010 | 4:31 pm Eastern Europe hurt by risk aversionEarly enthusiasm for risk faded in late trade on Thursday, and emerging market currencies and the euro surrendered much of their gains. Equity markets provided the catalyst for some strong early...Source: RSS feed - channel BNPaperBusiness | 3 Jun 2010 | 4:17 pm BP pays fishermen - and real-estate agentsBP's oil spill has cut thousands of workers across the Gulf Coast off from their livelihoods -- and the tab is growing fast. The company has spent more than $40 million so far making payments on 15,000 of the nearly 32,000 loss of income claims filed by area business owners and their workers.Source: Business and financial news - CNNMoney.com | 3 Jun 2010 | 4:16 pm Sir Ken's comments about Marc Bolland leave a bitter tasteWhat's this I find in the ready meals cabinet in Morrisons? "Fresh gripe - a dish best served cold."Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jun 2010 | 4:13 pm Gulf of Mexico oil spill: BP needs to be slick with its shareholdersEvery day is crucial in the race against time to contain and cap the Gulf of Mexico oil spill. But today is doubly significant because BP intends to address its shareholders about the financial implications of this disaster.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 3 Jun 2010 | 4:11 pm WPP leads revival as Footsie breaks its losing streakWPP was among the top performers on Thursday as the FTSE 100 ended three days of declines. The advertising agency's shares climbed 3.5 per cent to 669p after UBS recommended the sector as a way...Source: RSS feed - channel BNPaperBusiness | 3 Jun 2010 | 4:11 pm Summary Box: Stocks climb on economic reports (AP)AP - ECONOMIC BOOST: Stocks rose Thursday on reports that business at the nation's services companies grew in May and that the number of people seeking first-time jobless claims slipped for a second week.Source: Yahoo! News: Stock Markets News | 3 Jun 2010 | 4:08 pm Google to hand over intercepted dataGoogle will begin handing over to European regulators the rogue data it intercepted from private WiFi internet connections in an effort to defuse growing controversy over its latest privacy blunderSource: Financial Times - US homepage | 3 Jun 2010 | 4:04 pm Pru backs top team over failed Asian bidHarvey McGrath, the UK insurer’s chairman, says the group’s top team has the full support of the board and the majority of big shareholders and there will be no resignationsSource: Financial Times - US homepage | 3 Jun 2010 | 4:00 pm Stocks extend gain to 2nd day ahead of jobs report (AP)
Source: Yahoo! News: Stock Markets News | 3 Jun 2010 | 3:57 pm How the major stock indexes fared on Thursday (AP)AP - Stocks closed higher for a second day Thursday after traders found room for optimism in mixed economic reports.Source: Yahoo! News: Stock Markets News | 3 Jun 2010 | 3:56 pm Growth momentum to top Europe's woes: GeithnerWASHINGTON (Reuters) - The global recovery had enough momentum before Europe's debt crisis struck to be able to weather it without being derailed, Treasury Secretary Timothy Geithner said on Thursday.
Source: Reuters: Business News | 3 Jun 2010 | 3:51 pm Booz and AT Kearney in talks to combineTwo of the best known names in management consultancy, Booz & Co and AT Kearney, are in talks over a deal to bring the firms together to form the world’s third-largest consultancySource: Financial Times - US homepage | 3 Jun 2010 | 3:39 pm Why U.S. debt matters to youLetting U.S. debt grow unabated is often framed as an unforgivable burden to heap on one's grandchildren.Source: Business and financial news - CNNMoney.com | 3 Jun 2010 | 3:18 pm Fed governor calls for summer rate hikeSource: Business and financial news - CNNMoney.com | 3 Jun 2010 | 3:12 pm Presented By:Source: Dealbreaker | 3 Jun 2010 | 3:11 pm A Private Bank for Aging BSDs
Those who have the wherewithal to bank with Fieldpoint include James Kilts, former CEO of Gillette; private equity pioneer Jerome Kohlberg; John “Launny” Steffens; former Home Depot CEO Bernie Marcus; Ken Langone and Joe Grano. (No, you can’t play Dick Fuld and Stan O’Neal) The bank, which now has $345 million in assets, offers premium services including helping former Time Inc. honcho Reginald Brack refinance his daughter’s apartment, among other things.
The Millionaire Boys’ Bank [Fortune]
Source: Dealbreaker | 3 Jun 2010 | 3:11 pm American Capital, Truvo: Bloomberg Law Bankruptcy ReviewSource: Bloomberg - All Podcasts | 3 Jun 2010 | 3:07 pm Football game kicks Facebook to higher leagueThe first big video game franchise to appear on a social network is launched on Friday when FIFA Superstars, a football World Cup game, goes live on FacebookSource: Financial Times - US homepage | 3 Jun 2010 | 3:01 pm Stop subsidizing McMansionsRobert Shiller, the innovative economist who helped create the S&P Case-Shiller Home Price indices, has been talking about the intersection between human behavior and markets for decades. His work there wasn't widely recognized, however, until the 2008 housing bust left us all wondering how the bubble ever got so big in the first place.Source: Business and financial news - CNNMoney.com | 3 Jun 2010 | 2:59 pm Understanding New Cellphone Data Plans (Deal of the Day)Expect short-term savings but bigger bills in the long term.
Source: SmartMoney.com | 3 Jun 2010 | 2:49 pm Housekeeping: Recent Comments Are Back!
Source: Dealbreaker | 3 Jun 2010 | 2:49 pm Oil Spill May Move Up the Atlantic CoastThe National Center for Atmospheric Research has put together computer models that show the slick from the Deepwater Horizon leak reaching the East Coast and well into the Central Atlantic by Labor Day. The simulation takes the projection out until the 132nd day after the leak began. The leak began 45 days ago. The computer [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 3 Jun 2010 | 2:32 pm Do Not Be Alarmed By The Traveling Band Of Sachsians
Source: Dealbreaker | 3 Jun 2010 | 2:28 pm Jobs, Sales Data Leave Stocks Flat (Market Update)Equities pulled even after a surprising jobs report and a letdown in factory orders.
Source: SmartMoney.com | 3 Jun 2010 | 2:19 pm Mohamed El-Erian Explains 'The New Normal'Everybody's talking about the "new normal." On the investing shows, this is shorthand for an era in which returns on stocks and bonds are lower than they've been in the past. But Mohamed El-Erian, the bond-fund CEO who coined the term, says it goes much deeper than that. Today on All Things Considered, El-Erian tells Planet Money's Adam Davidson that the new normal includes changes to the fundamental structure of the global economy: The world of yesterday was a world of tidy categories. On the one hand you had industrial countries, advanced economies. On the other hand, emerging economies. The first were the core of the system they held the system together. The second, emerging economies, were at the periphery and tended to be crisis prone. The financial crisis changed that, as China -- an emerging economy -- served as a key stabilizing force in a global financial crisis that started in the U.S. The shift has continued this year, as industrialized countries like Greece, Spain and Portugal have found themselves in the kind of dicey debt situation traditionally associated with developing countries. In the new normal, El-Erian says, the traditional major players like the U.S. and Germany will have less influence. And the likes of India, China and Brazil will have more. The shift will be turbulent. But, El-Erian says, the end result will be a more stable global economy. "It is better to have many locomotives of growth in the world," he says. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 3 Jun 2010 | 2:15 pm The Oil Spill And A Storm SurgeThe federal government has not made public any forecast of what would happen if a storm the magnitude of Katrina occurred over the next two months and the Deepwater Horizon leak continued at its current daily pace. Attached is a map of the Kartina storm surge, which shows that water was pushed inland beyond New [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 3 Jun 2010 | 2:00 pm Real Housewives Of Hedge Funds Inching Closer To Reality?!
Naturally this pairing is sensational news and just the thing we need to make RHOHF’s happen. Lunch with LuAnn de Lesseps, in a nurse’s uniform, goes for $5,000 [NYP]
Source: Dealbreaker | 3 Jun 2010 | 1:45 pm Microsoft chief defends Windows’ futureSteve Ballmer says personal computers ‘will continue to morph’ in response to the declaration of Apple founder Steve Jobs that the PC era was drawing to a closeSource: Financial Times - US homepage | 3 Jun 2010 | 1:17 pm Network helps brands reach HispanicsLatinos have a lot of buying power. So some of America's biggest brands are collaborating in a network focusing on understanding the Hispanic consumer. Jeff Tyler reports.Source: Marketplace | 3 Jun 2010 | 1:08 pm The Hawkish Rate Hike Call Gets Even More HawkishThe FOMC should be raising the Fed Funds Rate from the 0.00% to 0.25% benchmark it has up to 1% by the end of summer. That is what the hawkish Thomas Hoenig, President of the Kansas City Federal Reserve, is calling for today in a meeting hosted by the Bartlesville, Oklahoma Chamber of Commerce. Hoenig [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 3 Jun 2010 | 1:03 pm Acergy Raised to `Buy,' American Capital Cut to `Sell': AudioSource: Bloomberg - All Podcasts | 3 Jun 2010 | 12:57 pm Local Mexican music boosts ringtone bizJosh Kun, associate professor at the University of Southern California, talks with Kai Ryssdal about the why regional Mexican bands are huge business for cell-phone ringtone providers and major labels.Source: Marketplace | 3 Jun 2010 | 12:48 pm Rethinking bankers see, bankers doIt's difficult to regulate some risk-taking that seems hardwired into industries like Wall Street, where traders are in constant competition to sell more stocks and make money. Commentator K.C. Cole says the first step is to behave in a way we want others to follow.Source: Marketplace | 3 Jun 2010 | 12:48 pm Advertisers may score on NBA nostalgiaThis year's NBA finals have served up a great rivalry: the Lakers vs. the Celtics. No two teams have so dominated the history of the NBA. Even though young phenoms like LeBron James are sitting this one out, advertisers are banking on a combination of nostalgia and great basketball. Jeff Horwich reports.Source: Marketplace | 3 Jun 2010 | 12:48 pm Did bad weather slow April retail sales?April retail sales were below expectations for stores like Abercrombie & Fitch and JC Penney. Many analysts are blaming the weather. Jeremy Hobson reports.Source: Marketplace | 3 Jun 2010 | 12:48 pm The role of risk in BP's oil leakNew York Times columnist David Leonhardt talks with Kai Ryssdal about why the blowout of the Deepwater Horizon happened -- not the mechanics of it, but the human nature of it.Source: Marketplace | 3 Jun 2010 | 12:47 pm BP may have to sell assets to surviveRatings agencies Moody's and Fitch downgraded BP's credit status by one notch and warned of further downgrades if BP doesn't stem the Gulf oil leak. Doubts about BP's future grow everyday. Some analysts say it may have to sell off its most prized assets to weather the storm. Stephen Beard reports.Source: Marketplace | 3 Jun 2010 | 12:47 pm Christopher Whalen, Mark Gilman, Carl Weinberg: On the EconomySource: Bloomberg - All Podcasts | 3 Jun 2010 | 12:40 pm Another Pundit is Pissed at Warren Buffett’s Performance
Warren Buffett’s Shameful Performance [CapitalgainsandGames]
Source: Dealbreaker | 3 Jun 2010 | 12:37 pm Smart Meters Raise Privacy Concerns (Consumer Action)Meters can help conserve energy, but privacy policies are still being written.
Source: SmartMoney.com | 3 Jun 2010 | 12:37 pm Significant fuel savings possible for cars, SUVsA prestigious research panel has concluded that technology already widely available could significantly cut fuel consumption by cars and light trucks without sacrificing safety or performance.
Source: L.A. Times - Business | 3 Jun 2010 | 12:18 pm 3 Stocks With Raised Earnings Estimates (Screens)Hough: Wall Street boosted its outlook for these shares, a good sign for returns.
Source: SmartMoney.com | 3 Jun 2010 | 12:10 pm Woman Who Was Fired From Citi For Being “Too Hot” And Her Lawyer Have A Couple More Points To Make (Update: Citi Has Something Else To Say As Well)
So…anyway. Shall we play a rousing game of Tomorrow’s Statement From Jack Tuckner Today? I’ll start: “Debrahlee could wearing a used Hefty bag and I would still want to be on her.” Now you go. Update Citi has a new statement out: “Ms. Lorenzana has chosen to make numerous unfounded accusations and inaccurate statements against Citibank and several of our employees. While we will not discuss the details of her case, we can say that her termination was solely performance-based and not at all related to her appearance or attire. We are confident that when all of the facts and documentation are presented, the claim will be dismissed.”
Source: Dealbreaker | 3 Jun 2010 | 11:52 am A look at global economic developments (AP)AP - A look at economic developments and activity in major stock markets around the world Thursday:Source: Yahoo! News: Stock Markets News | 3 Jun 2010 | 11:21 am How Big Was Lehman’s Hole?
Lehman’s bankruptcy administrator has put the losses at $130 billion. Lehman’s net worth as of May 31, 2008 was reported at $26 billion. So if we accept the $130 billion estimate, the swing from reported net worth to losses realized was over $150 billion. Naked Capitalism does some back-of-the-envelope calculations to find the source of the hole. The Continuing Mystery of the Lehman Black Hole [Naked Capitalism]
Source: Dealbreaker | 3 Jun 2010 | 10:46 am Presented By:Source: Dealbreaker | 3 Jun 2010 | 10:46 am Googlers And Planet Money Are Trying To Answer The Same Question
By Jacob Goldstein Despite the fact that Haiti has largely fallen off the media radar screen, Google searchers are still trying to answer a basic question Planet Money's been wrestling with: Why is Haiti so poor? As the screenshot above shows, the question isn't quite as popular on Google as some random question about Facebook. And it lags behind classics about poop, writing desks and the sky. We can't answer any of those. But we've been chipping away at the Haiti question. Here are some of our efforts so far: * Mangoes, Poverty And Plastic Crates Hat tip: Gawker » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 3 Jun 2010 | 10:41 am FTSE rallies on brighter economic outlook (AFP)
Source: Yahoo! News: Stock Markets News | 3 Jun 2010 | 10:23 am Fridson, Viehbacher, Feldman, Wesbury, Barofsky: SurveillanceSource: Bloomberg - All Podcasts | 3 Jun 2010 | 10:10 am Deep Read: 'A War Between States And Corporations'We come across all these fascinating books that we don't have time to dig into on the regular Planet Money podcast. So we're trying something new. From time to time, we'll offer a special, bonus podcast where we talk to big thinkers about their ideas. Today, Adam Davidson talks to Ian Bremmer about his new book, The End of the Free Market: Who Wins the War Between States and Corporations? Bremmer argues that free-market capitalism is increasingly conflicting with "state capitalism," where states use markets for political gain. He cites the recent conflict between China and Google as an example. He says, ultimately, the conflict wasn't about freedom of speech or human rights. It was about China supporting a Chinese search company called Baidu. "The Chinese government preferred a private company, but a Chinese private company -- Baidu," he says. Download the deep-read podcast. And please let us know what you think, and who else you'd like us to interview. » E-Mail This » Add to Del.icio.us
Source: NPR Blogs: Planet Money | 3 Jun 2010 | 9:35 am There’s Always a Way: An Interview With Fitness Guru Tony Little
You’ve probably seen him on TV. Tony Little is the ponytailed guy pumping his legs on the Gazelle trainer while yelling “You can do it!” He’s kind of hard to miss. When I was offered There’s Always a Way, Tony Little’s latest book, to read and review, I had my doubts. What could I possibly learn from an infomercial fitness guru, besides how to balance my diet and get a no-impact workout? I’m not the first person to have underestimated Tony Little. After reading his book, I found out that he’s actually a model of determination and perseverance. Throughout his life, Little has had more setbacks than most. He even lists them at the beginning of his book. They include four car accidents, being drugged and kidnapped, five herniated discs, four reconstructive face surgeries after an accident, being broke, and–impressively–many more. In There’s Always a Way, Little tells you how he surmounted his challenges to become happy, rich, famous, and successful. The book is full of tips to help you do the same. I caught up with Little to ask him questions about his book, his positive mindset, and some things that have happened in his life. BP: From reading your book, it sounds like you’ve had natural sales skills since you were a kid. How much of your success had to do with that natural talent? How much had to do with your hard work and perseverance? I grew up on a farm in Ohio and was always dealing with other kids for bikes, bows and guns. I needed to make my own money because my mom was a single parent. I worked in pickle fields around the age of 10-11, then worked with army surplus stuff for my grandfather when I was around 13-15. Natural talent is one thing, but it’s extremely important to work hard and never give up. It is definitely possible to awaken resolve in people. A key factor is finding just what it is that inspires and motivates them. With Anna Nicole, I wasn’t a drug counselor and I didn’t know how I could help in that situation. She would just disappear… BP: You’ve broken the rules various times in order to win. For example, you once put a subliminal message in your performance song during a bodybuilding contest. Some people would say that subliminal messages are cheating. Where do you draw the line between breaking the rules and cheating? I never thought of what I did as cheating, rather than marketing myself. During the competition you’re referring to, I wanted everyone to see that I was in better shape than anybody else. And I would point to my competition number constantly during the show so the judges would remember who the winner was going to be! Thank God I knew I was in the best shape of my life at the time! I don’t believe in cheating for any goal; a victory is only satisfying when it is legitimate. Marketing and cheating are not absolutely not synonymous! BP: You’ve helped inspire millions of people to get fit. You know what works. So what do you think the best way is to confront America’s obesity epidemic? What do we need to change? We need to bring physical education back into our schools and expose our children to fitness at an early age. The awards presented by the President’s Council on Physical Fitness back when I was a kid really motivated many youngsters to be healthy and in good shape. The bottom line is, physical education needs to be put back in our schools. BP: Any other remarks? A positive attitude goes a long way! Changing your mindset so that you believe in yourself can change your life forever. Tony’s official bio: Fitness expert Tony Little is one of the most financially successful figures to ever appear on television. The ponytailed superstar, famous for his shouts of “You can do it!” has built an empire over the past 20+ years, selling over $3 billion worth of products worldwide, with more than 40 million people owning a product bearing his name. In his recently published motivational business book, “There’s Always a Way” (John Wiley & Sons, Inc.), he recounts the numerous adversities he’s faced that would have overwhelmed almost any other person. And along the way, he’s also inspired millions to get in shape and live healthier, happier lives.
Source: Business Pundit | 3 Jun 2010 | 9:30 am Maytag Recalls 1.7 Million Dishwashers
Whirlpool is recalling 1.7 million Maytag dishwashers because they may catch fire. Bloomberg Businessweek has more: The dishwashers have a faulty heating element that can short-circuit and ignite, the agency said today in a statement. Consumers should stop using the dishwashers immediately and disconnect the power source by pulling the fuse or flipping a circuit-breaker, the agency said.. The manufacturer, based in Benton Harbor, Michigan, received 12 reports of fires with the plastic-tub models, including a blaze that caused extensive kitchen damage, the agency said. No injuries have been reported. The dishwasher recall is the biggest since General Electric Co. recalled 2.5 million units in May 2007, according to the safety commission’s website. Maytag recalled 2.3 million dishwashers in February 2007 after 135 fires were reported. Maytag will repair the appliances in customers’ homes without charge, the agency said. Consumers who prefer new dishwashers will get a rebate of $150 or $250 toward a purchase of one of seven new Maytag stainless-steel tub models. “The recall includes Maytag, Amana, Jenn-Air, Admiral, Magic Chef, Performa by Maytag and Crosley brand dishwashers with plastic tubs and certain serial numbers. The affected dishwashers were manufactured with black, bisque, white, silver and stainless steel front panels. The brand name is printed on the front of the dishwasher. The model and serial numbers are printed on a label located inside the plastic tub on a tag near the left side of the door opening. Serial numbers will start or end with one of (the) sequences listed on the website.”
Source: Business Pundit | 3 Jun 2010 | 9:05 am Knightley on Economy, Lewis on Banks, Debt Crisis: First WordSource: Bloomberg - All Podcasts | 3 Jun 2010 | 8:25 am Silver Supplies May Fall Short of ETF Demand: AudioSource: Bloomberg - All Podcasts | 3 Jun 2010 | 7:35 am BP And The Challenge Of Low Probability, High Impact RisksBy Jacob Goldstein BP is looking for ways to better manage "low-probability, high-impact" risks like the Gulf of Mexico oil spill, the company's CEO tells the FT. But those kind of Black Swannish risks are, by their nature, remarkably difficult to manage. Sure, BP and other oil companies can cut fewer corners. And they can prevent the exact failures from the BP spill from recurring. But what about all the other low-probability, high-impact risks they face? It's tempting to rely on some combination of market forces and government regulation to push companies to better manage risks. But, as the Harvard economist Ken Rogoff wrote this week, "Economics teaches us that when there is huge uncertainty about catastrophic risks, it is dangerous to rely too much on the price mechanism to get incentives right." In other words: If both the magnitude of the risk and the magnitude of its impact are essentially unknown how can the market appropriately price those risks? For that matter, Rogoff says, it's not clear how "to adapt regulation over time to complex systems with constantly evolving risks." As a result, he argues, "we may be doomed to a world of regulation that perpetually overshoots or undershoots its goals." Regulation of offshore drilling will certainly get a lot tighter because of the spill. The industry will face more scrutiny from government watchdogs, and higher legal liability for oil spills. But the problem of low-probability, high-impact risks goes far beyond oil. And, as the NYT's David Leonhardt writes, "it would be foolish to think that the only risks we are still underestimating are the ones that have suddenly become salient." He cites as possible examples the risk that investors will grow wary of lending money to the U.S. government, or the risk that climate change will be more drastic than expected, leading to flooded cities. Why stop there? You could add to the list a nuclear blast, a deadly new virus or just about any other radically destabilizing but fundamentally unquantifiable risk. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 3 Jun 2010 | 7:29 am Oil prices jump higher as equities soar (AFP)
Source: Yahoo! News: Stock Markets News | 3 Jun 2010 | 6:11 am Ford Ends Mercury, Plans Lincoln Revamp
Ford has decided to kill its Mercury brand and turn Lincoln into something more eminent than the floating highway boat it is today. The Detroit Free Press has more: (Ford)…will now devote unprecedented resources to expanding Lincoln’s lineup with new models, style and technology. Ford will now use resources that would have gone to Mercury to expand Lincoln’s lineup of luxury models with seven new or significantly reworked vehicles in the next four years, including the brand’s first premium compact. The money and talent Ford would previously have spent freshening Mercury’s modest model line will now be dedicated to turning Lincoln into a serious competitor for the likes of Cadillac and Lexus, Ford president of the Americas Mark Fields said as he announced Mercury’s demise Wednesday. Ford’s track record of managing multiple brands does not inspire great confidence in that plan. Engineers and executives who got distracted by luxury brands nearly ruined the company earlier in this decade. They obsessed on Jaguar, Land Rover and Volvo while the bread-and-butter Ford brand fell into disrepair. Now Ford has to prove it can create great cars and trucks for both the Ford and Lincoln brands. Lincoln is to get seven all new or substantially updated vehicles over the next four years. They’ll all have unique looks and features, a far cry from the recent past when a Lincoln was frequently just a Ford with more chrome and better leather. The plan includes a compact vehicle, the likes of which Lincoln has never sold before. There will also be new engines and unique technologies to complement the excellent interiors and arresting looks of recent Lincolns. The Houston Chronicle explains why Ford is killing Mercury: …Mercury vehicles often were little more than rebadged Fords, and sales declined since 1993. Perhaps Mercury’s best vehicles came in the 1960s, when Cougars, Comets and Marauders rumbled down the road with big engines. The biggest volume year came in the next decade — 1978, when Mercury sold 580,000. Ford Americas President Mark Fields said Mercury’s sales make up such a small percentage of North American market share — less than 1 percent, compared with Ford brand’s 16 percent — and that the profile of Ford and Mercury shoppers is so similar, it makes more sense to focus on Ford and Lincoln. (Meanwhile) Lincoln has struggled to find its place in an increasingly crowded luxury market. The best outcome here would be that consolidation helps Ford (and other American carmakers) produce quality, attractive cars again. So far, it’s looking promising. It will be especially encouraging if manufacturers can increase their electric and hybrid offerings to compete with other global automakers.
Source: Business Pundit | 3 Jun 2010 | 4:46 am Toyota’s $375,000 Lexus LFAs Sell Like Luxury Hotcakes
Toyota’s new Lexus LFA supercar, a 552-horsepower, 4.8 liter two-seater, has already sold out before hitting the market. Toyota plans to build 20 LFAs per month starting in December, with a limit of 500 total LFAs built. Automotive World has more: Toyota’s limited-edition Lexus LFA supercar has sold out, just months after it was unveiled at the Tokyo Motor Show. Production of the two-seater will begin at the Motomachi plant in Toyota City in December at the rate of 20 a month. Although the OEM would not reveal a regional breakdown of sales, it did say that one-third of the orders have come from Germany. In the US, customers must lease the car for two years before they have the option to buy. Powered by a 4.8-litre V10 and boasting 552bhp of power and maximum torque of 480Nm, the rear-wheel drive LFA is the fastest Lexus model ever offered. The car takes just 3.7 seconds to accelerate from 0 to 62mph and offers a top speed of 202mph. The engine is mated to a rear-mounted six-speed automated sequential gearbox. The LFA, which costs $375,000, is Toyota’s answer to the Ferrari or Porsche, according to Automotive News: One buyer, a manufacturing engineer who declined to be identified, compared the LFA to owning a rare, ultraexpensive mechanical wristwatch. “To most people, it’s an unknown quantity,” he said. “But true aficionados know its value.” I bet the accelerator on the LFA won’t stick, either. It’s neat to see Toyota penetrating the traditionally European ultraluxury market. Toyota could even use the publicity garnered by the LFA to reinforce its overall commitment to quality.
Source: Business Pundit | 3 Jun 2010 | 4:22 am Photo Composition FAIL
Source: Business Pundit | 3 Jun 2010 | 4:15 am
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