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Auto Review: 2011 Ford Mustang GT: American icon updatedIt is easy to fall in love with the Mustang and even if you decide that you want a less expensive model, you will come away with an excellent update of a great American icon.
Source: MarketWatch.com - Top Stories | 5 Jun 2010 | 4:01 am G-20 finance chiefs agree on need to curb deficits (AP)
Source: Yahoo! News: Business News | 5 Jun 2010 | 3:40 am G20 set to dash bank levy hopeBUSAN, South Korea (Reuters) - The world's top economies were set to ditch plans for a universal global bank levy on Saturday amid signs of slippage in other reforms pledged during the financial crisis.
Source: Reuters: Business News | 5 Jun 2010 | 3:34 am Oil pours from cap over Gulf gusher, some captured (AP)
Source: Yahoo! News: Business News | 5 Jun 2010 | 3:28 am BA strikers carry out new walkoutBritish Airways cabin crew begin a fresh five-day strike, the third and last in their current series of walkouts.Source: BBC News | Business | World Edition | 5 Jun 2010 | 2:46 am G20 says world economy recovering faster than expected (AFP)
Source: Yahoo! News: Business News | 5 Jun 2010 | 1:52 am Parents 'breaking insurance laws'Millions of parents are said to be breaking the law in order to save money on car insurance for their children.Source: BBC News | Business | World Edition | 5 Jun 2010 | 1:45 am Honda says Chinese labor dispute has been settled (AP)
Source: Yahoo! News: Business News | 5 Jun 2010 | 1:33 am China to review plans for Agricultural Bank's IPO (AP)AP - The state-owned Agricultural Bank of China plans to sell a 15 percent stake in what could become the world's largest initial public offering, China's securities regulators said.Source: Yahoo! News: Business News | 5 Jun 2010 | 1:30 am Crisis overload takes heavy tollThe May employment data and the deepening mess in Europe are too many disappointments at once.Despite an ever-growing list of crises threatening financial markets and the economy this spring, Wall Street bulls continued to cling to one great hope: U.S. employers were hiring again, and with job growth would come a sustainable economic recovery.
Source: L.A. Times - Business | 5 Jun 2010 | 1:00 am Stocks sink on disappointing jobs reportFresh concerns about Europe's economy also push the Dow down 323 points to its lowest level since February. Broader market indexes also drop sharply.Hopes that the stock market's spring downturn had ended last week were dashed Friday as share prices tumbled in response to a disappointing report on jobs and a ratcheting-up of worries about Europe's economy.
Source: L.A. Times - Business | 5 Jun 2010 | 1:00 am SpaceX shows it has the right stuffThe start-up launches its Falcon 9 rocket into orbit, a step toward replacing the space shuttle.A massive rocket developed by a Silicon Valley entrepreneur blasted off from a launch pad in Cape Canaveral, Fla., on Friday, boosting prospects for privately funded vehicles to one day take astronauts and cargo into space.
Source: L.A. Times - Business | 5 Jun 2010 | 1:00 am Chrysler's swift recall shows effect of Toyota PR debacleThe automaker acts quickly to recall about 25,000 Dodge Caliber and Jeep Compass vehicles after NHTSA received complaints about sticky gas pedals. ...Source: RSS feed - channel BNPaperBusiness | 5 Jun 2010 | 1:00 am Ron Tutor's bid for Miramax moves forwardConstruction magnate Ron Tutor and financier partner David Bergstein will begin exclusive negotiations with Disney on Monday to acquire the film company. ...Source: RSS feed - channel BNPaperBusiness | 5 Jun 2010 | 1:00 am Fox, CW sell commercial time at higher pricesThe networks win increases of 9% and 7.5%, respectively, for ads in the upcoming TV season. CBS, ABC and NBC were still negotiating their 'upfront' sales. ...Source: RSS feed - channel BNPaperBusiness | 5 Jun 2010 | 1:00 am Job growth surges but disappoints economistsThe unemployment rate fell to 9.7% last month from 9.9% in April, thanks in part to temporary census hiring. President Obama sounds an optimistic note but warns of more 'ups and downs.' ...Source: RSS feed - channel BNPaperBusiness | 5 Jun 2010 | 1:00 am Sprint's Evo 4G is first mobile phone to make video chat possibleBut that distinction could be short-lived, with Apple expected to unveil an updated iPhone rumored to offer video calling.Think talking on a cellphone in public is anti-social?
Source: L.A. Times - Business | 5 Jun 2010 | 1:00 am No evidence that Wall Street improperly drove up California's borrowing costsAs state's bond yields rose, so did the price of credit default swaps against the bonds. But the swaps' effect was "not significant enough to cause concern," state Treasurer Bill Lockyer says. ...Source: RSS feed - channel BNPaperBusiness | 5 Jun 2010 | 1:00 am Propositions 16 and 17 could pave the way for more company-backed initiativesIf the proposals pushed by utility PG&E and insurer Mercury succeed, individual corporations could turn to the ballot box as an easier way to change laws.Tuesday's California primary election represents a first — two initiative measures that were conceived and financed by individual companies. The fate of these propositions, analysts say, could determine whether other companies follow suit.
Source: L.A. Times - Business | 5 Jun 2010 | 1:00 am Stocks sink on disappointing jobs reportFresh concerns about Europe's economy also push the Dow down 323 points to its lowest level since February. Broader market indexes also drop sharply. ...Source: RSS feed - channel BNPaperBusiness | 5 Jun 2010 | 1:00 am Job growth surges but disappoints economistsThe unemployment rate fell to 9.7% last month from 9.9% in April, thanks in part to temporary census hiring. President Obama sounds an optimistic note but warns of more 'ups and downs.'The nation's unemployment came down a notch in May thanks to government hiring of temporary census workers, but private-sector employers added a mere 41,000 new jobs — triggering a huge sell-off on Wall Street and fresh anxiety about the economy.
Source: L.A. Times - Business | 5 Jun 2010 | 1:00 am No evidence that Wall Street improperly drove up California's borrowing costsAs state's bond yields rose, so did the price of credit default swaps against the bonds. But the swaps' effect was "not significant enough to cause concern," state Treasurer Bill Lockyer says.Releasing a second round of findings from his probe of an obscure Wall Street market, California Treasurer Bill Lockyer reiterated Friday that there was no evidence Wall Street had improperly driven up the state's borrowing costs.
Source: L.A. Times - Business | 5 Jun 2010 | 1:00 am Fox, CW sell commercial time at higher pricesThe networks win increases of 9% and 7.5%, respectively, for ads in the upcoming TV season. CBS, ABC and NBC were still negotiating their 'upfront' sales.With hot shows including "Glee" and "The Vampire Diaries," and hopes for a moderately stronger economy, Fox Broadcasting and the CW were able to wring more out of advertisers for the 2010-11 television season.
Source: L.A. Times - Business | 5 Jun 2010 | 1:00 am Chrysler's swift recall shows effect of Toyota PR debacleThe automaker acts quickly to recall about 25,000 Dodge Caliber and Jeep Compass vehicles after NHTSA received complaints about sticky gas pedals.The speed with which Chrysler Group recalled 25,000 Dodge Caliber and Jeep Compass vehicles demonstrated how wary automakers have become of repeating the public relations debacle experienced by Toyota Motor Corp. over a series of large recalls and quality issues, analysts said.
Source: L.A. Times - Business | 5 Jun 2010 | 1:00 am SpaceX shows it has the right stuffThe start-up launches its Falcon 9 rocket into orbit, a step toward replacing the space shuttle. A massive rocket...Source: RSS feed - channel BNPaperBusiness | 5 Jun 2010 | 1:00 am Ron Tutor's bid for Miramax moves forwardConstruction magnate Ron Tutor and financier partner David Bergstein will begin exclusive negotiations with Disney on Monday to acquire the film company.Los Angeles construction magnate Ron Tutor and his embattled film financier partner, David Bergstein, will enter into exclusive negotiations Monday with Walt Disney Co. to acquire Miramax Films.
Source: L.A. Times - Business | 5 Jun 2010 | 1:00 am Propositions 16 and 17 could pave the way for more company-backed initiativesIf the proposals pushed by utility PG&E; and insurer Mercury succeed, individual corporations could turn to the ballot box as an easier way to change laws. ...Source: RSS feed - channel BNPaperBusiness | 5 Jun 2010 | 1:00 am Crisis overload takes heavy tollThe May employment data and the deepening mess in Europe are too many disappointments at once. Despite an ever-growing...Source: RSS feed - channel BNPaperBusiness | 5 Jun 2010 | 1:00 am Facebook privacy policy becomes an issue in political attack adCalifornia attorney general candidate Kamala Harris claims opponent Chris Kelly 'released your private information.' A spokeswoman for Kelly, a former Facebook executive, denies the allegation. ...Source: RSS feed - channel BNPaperBusiness | 5 Jun 2010 | 1:00 am Obama warning over Gulf optimismPresident Obama says it is too early to be optimistic over oil spill progress, as he pays a third visit to the US Gulf coast.Source: BBC News | Business | World Edition | 5 Jun 2010 | 12:37 am India's Ranbaxy UK unit recalls painkiller-paperMUMBAI, June 5 (Reuters) - The British unit of Indian drugmaker Ranbaxy is recalling all unused stock of a batch of a nerve pain treatment after failing to update mandatory safety information, the DNA...Source: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 10:38 pm Exec for buyer of AIG Taiwan unit quits China post-SCMPHONG KONG, June 5 (Reuters) - A top executive of the group that is trying to buy AIG's Taiwan life insurance unit for $2.2 billion has quit a Chinese political role to ease pressure from Taiwan regulators,...Source: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 10:13 pm Calls for change to leasehold lawLawyers want the rules on leaseholds clarified amid claims some freeholders are charging too much for lease extensions.Source: BBC News | Business | World Edition | 4 Jun 2010 | 10:11 pm G20 finance chiefs mull deficits, banking rulesFinance chiefs of leading economies tackled the thorny issue of reforming supervision of banks and other financial institutions Saturday, the urgency of their task sharpened by fears...Source: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 10:01 pm MBK Partners in talks to bid for S.Korea KEB -WSJSEOUL, June 5 (Reuters) - Private equity house MBK Partners is in the early stages of talks to make a possible bid for Lone Star's 51 percent stake in Korea Exchange Bank (KEB) , valued at around $3.6...Source: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 9:50 pm Hawaiian Begins New Era With A330 Inaugural FlightSource: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 9:50 pm G20 set to dash bank levy hopeBUSAN, South Korea (Reuters) - The world's top economies were set to ditch plans for a universal global bank levy on Saturday amid signs of slippage in other reforms pledged during the...Source: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 9:46 pm Private employers hold back on hiring in May (AP)
Source: Yahoo! News: Business News | 4 Jun 2010 | 9:36 pm Geithner urges G20 to safeguard recoveryBUSAN, South Korea (Reuters) - Treasury Secretary Timothy Geithner urged his Group of 20 counterparts to keep stoking global growth to counteract Europe's woes and put the onus on China, Germany and Japan to boost domestic demand.
Source: Reuters: Business News | 4 Jun 2010 | 8:37 pm Malaysia's Petronas to trim foreign explorations-paperKUALA LUMPUR, June 5 (Reuters) - Malaysia's state oil firm Petronas [PETR.UL] wants to trim overseas exploration and set aside more resources for oil fields at home, the Star newspaper said on Saturday,...Source: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 8:12 pm Michel, Rosenbloom Discuss U.S. Citizens’ UBS Accounts: BLAWSource: Bloomberg - All Podcasts | 4 Jun 2010 | 7:45 pm WaMu, U.S. Concrete: Bloomberg Law Bankruptcy ReviewSource: Bloomberg - All Podcasts | 4 Jun 2010 | 7:42 pm Pa. Hershey chocolate workers approve labor dealA labor agreement expected to lead to job losses at chocolate manufacturer The Hershey Co. but expand one of its Pennsylvania hometown plants has been approved by workers. Unionized...Source: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 7:20 pm Geithner urges G20 to safeguard recoveryBUSAN, South Korea (Reuters) - Treasury Secretary Timothy Geithner urged his Group of 20 counterparts here to "safeguard" economic recovery by supporting short-term growth in the face of...Source: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 7:17 pm MStanley to advise Parkway on Khazanah's takeover bidSINGAPORE, June 5 (Reuters) - Singapore healthcare firm Parkway Holdings said late on Friday it had appointed Morgan Stanley to advise shareholders on a $835 million partial takeover bid by Malaysia's...Source: RSS feed - channel BNewsBusiness | 4 Jun 2010 | 7:07 pm Regulators seize three banks, year total at 81WASHINGTON (Reuters) - U.S. regulators seized three more troubled banks on Friday, including TierOne Bank of Lincoln, Nebraska, ticking up the total so far this year to 81 failures.
Source: Reuters: Business News | 4 Jun 2010 | 7:06 pm Verizon may be alone in following AT&T rate changeNEW YORK (Reuters) - Verizon Wireless could be prepared to follow AT&T Inc's lead and change how it charges wireless subscribers to download data -- but analysts say other carriers may be better served by standing their ground in the latest pricing upheaval.
Source: Reuters: Business News | 4 Jun 2010 | 6:11 pm Calm no more, Obama lashes out at BP on Gulf visit (AP)
Source: Yahoo! News: Business News | 4 Jun 2010 | 6:08 pm Lehman Brothers’ art up for auction at Sotheby’sArtwork by Damien Hirst will be on the block in September when Lehman Brothers’ liquidators auction some of the plum pieces from the defunct investment bank’s art collection. Source: Latest Business News from Times Online | 4 Jun 2010 | 6:01 pm Phoenix set for acquisitions spreePhoenix Group, the closed life funds bid vehicle backed by Hugh Osmond, could start an acquisitions drive as soon as next year after securing a £1 billion main London listing next month. Jonathan Moss, chief executive, told The Times yesterday that Phoenix would target life funds that had been shut and put into run-off, predominantly in Britain. Acquisitions were “definitely a 2011 event” for Phoenix, he said. Source: Latest Business News from Times Online | 4 Jun 2010 | 6:01 pm Investor calls for Prudential chief to quitOne of the Prudential’s largest shareholders has publicly called for Tidjane Thiam to resign as chief executive in the wake of the insurer’s failed bid to buy AIA. Source: Latest Business News from Times Online | 4 Jun 2010 | 6:01 pm Euro slides as Hungary says economy in troubleThe euro slumped to a four-year low against the dollar yesterday amid concerns that Europe’s debt crisis will worsen still further after Hungary said that its economy was in a “very grave situation”. Source: Latest Business News from Times Online | 4 Jun 2010 | 6:01 pm BP indicates oil leak will not stop dividend flowBP last night gave its strongest signal yet that it will not cut its dividend in the wake of the Gulf of Mexico oil leak. Source: Latest Business News from Times Online | 4 Jun 2010 | 6:01 pm Sir Stelios plans easyJet travel agencySir Stelios Haji-Ioannou has drawn up plans to use the easyJet name to launch an online travel agency, if the budget airline he founded changes its name. Source: Latest Business News from Times Online | 4 Jun 2010 | 6:01 pm Obama hits out at BP over dividendBarack Obama on Friday night warned BP against “nickel and diming the folks” of the Gulf of Mexico coast as the group’s attempt to trap oil from the leaking well recorded some initial successSource: Financial Times - US homepage | 4 Jun 2010 | 5:51 pm Obama set to name Clapper as intelligence chiefUS president Barack Obama is expected to name James Clapper, undersecretary of defence for intelligence and a retired general, as his new director of national intelligenceSource: Financial Times - US homepage | 4 Jun 2010 | 5:25 pm Dow drops 324 pointsStocks slumped Friday after a government report showed employers added fewer jobs than expected last month and the euro plunged to a new 4-year low, reviving worries about the health of the European economy.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 5:19 pm Wal-Mart sets $15 billion buybackFAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Inc plans to buy back $15 billion more of its shares and expects to add over 500,000 employees in the next five years as it increases its global presence.
Source: Reuters: Business News | 4 Jun 2010 | 5:12 pm Europe and jobs keep stocks' anxiety high (Reuters)Reuters - U.S. stocks could face further pressure next week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 5:08 pm Europe and jobs keep stocks' anxiety highNEW YORK (Reuters) - U.S. stocks could face further pressure next week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.
Source: Reuters: Business News | 4 Jun 2010 | 5:08 pm Sky buys Virgin Media TV channelsSatellite broadcaster Sky buys Virgin Media TV, which includes the Bravo and Living channels, in a £160m deal.Source: BBC News | Business | World Edition | 4 Jun 2010 | 5:04 pm Biotech Report: ArQule's sky-high, but there still could be upsideBOSTON (MarketWatch) -- They've been bid up over 60% over the past three months, but there could still be quite a bit of upside to ArQule shares, according to analysts.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 5:04 pm Wall Street hit by jobs data and European worriesNEW YORK (Reuters) - Stocks cascaded to their lowest close since February on Friday after May's jobs figure slammed investors already reeling from worry over another developing debt crisis, this time in Hungary.
Source: Reuters: Business News | 4 Jun 2010 | 4:55 pm Latin American Markets: Brazil, Mexico stocks drop after U.S. jobs reportMajor Latin American stock markets drop Friday, with risk-aversion in force after the U.S. adds a lower number of jobs last month than had been expected.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 4:55 pm Job growth disappoints on weak private sector hiringWASHINGTON (Reuters) - Hiring by U.S. private employers slowed sharply in May, a setback for the economy's recovery, even as temporary census hiring pushed overall payrolls growth to its biggest increase in 10 years.
Source: Reuters: Business News | 4 Jun 2010 | 4:53 pm Centene says it didn't win contractThe company issues a retraction, saying that it had not won a managed-care contract in Indiana, after sending out a statement earlier in the day that it had.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 4:42 pm Disappointing jobs report sends stocks sliding (AP)
Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 4:41 pm Weekend Investor: Pop goes the bond-fund balloonThey say that bad things come in threes, and in the past decade investors have seen two market bubbles burst. Now some money-managers believe a third downturn is in the making -- in bonds.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 4:38 pm Hedge funds have worst month this year in MayThe hedge fund industry had its worst month this year in May as the sovereign-debt crisis in Europe hammered equity and credit markets. Still, most managers avoided huge losses.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 4:36 pm Oracle says Sun costs to top $1 billionOracle Corp. discloses that it will cut more jobs in Europe and Asia as it absorbs Sun Microsystems Inc., resulting in total restructuring costs that will likely top $1 billion and far exceed earlier estimates.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 4:34 pm Hedge Funds: Clarium gains 4% in May as deflation trade returnsClarium Capital, a hedge fund firm run by PayPal co-founder Peter Thiel, had a good month in May as deflation concerns crept back into the market.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 4:30 pm BP flexes muscle in D.C.Even before the April 20 explosion on its rig off the Louisiana coast, BP spent millions of dollars lobbying Washington's power players.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 4:10 pm Ex-Lehman execs seek dismissal of Repo 105 lawsuitNEW YORK (Reuters) - Former Lehman Brothers Holdings Inc chief executive Richard Fuld asked a judge on Friday to toss out an investor lawsuit that accused him and other Lehman officials of failing to disclose a controversial "Repo 105" accounting technique used by Lehman.
Source: Reuters: Business News | 4 Jun 2010 | 4:03 pm Value Investing, Lessons From Investing Mistakes: Taking StockSource: Bloomberg - All Podcasts | 4 Jun 2010 | 4:02 pm US stocks fall on employment dataNEW YORK - Stocks tumbled Friday after the US Labor Department said hiring remains weak and Hungary became the latest European country to report its economy is in crisis. Interest rates dropped as investors moved their money into...Source: nzherald.co.nz - Business | 4 Jun 2010 | 4:02 pm How the major stock indexes fared on Friday (AP)AP - Stocks fell to their lowest level in four months Friday after the government said hiring remains weak and another European country warned its economy was in trouble.Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 4:00 pm Summary Box: Disappointing jobs report hits stocks (AP)AP - ANOTHER SLIDE: The Dow Jones industrials fell 323 points Friday to the lowest level in four months on disappointment over the government's May jobs report and concerns about Europe's debt crisis.Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 3:59 pm BP defers dividend cut decisionBP chairman Carl-Henric Svanberg says a decision about whether to cut the company's dividend may not be made until July.Source: BBC News | Business | World Edition | 4 Jun 2010 | 3:58 pm Energy Stocks: Oil stocks extend losses, down 5% for the weekEnergy stock fell hard with the broad equities market Friday in the wake of a weaker-than-expected May jobs report and a drop in the euro.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 3:54 pm After Hours: Wal-Mart, Apple lead quiet evening sessionTraders are relatively calm after hours with Wal-Mart Stores, Monster Worldwide and Apple among the stocks garnering some attention following a bruising session for U.S. stocks.
Source: MarketWatch.com - Top Stories | 4 Jun 2010 | 3:46 pm Is there an upside to the Gulf oil leak?The oil well blowout in the Gulf of Mexico has been disastrous. But are there silver linings? Read sustainability reporter Adrienne Hill's blog post to find out her answer.Source: Marketplace | 4 Jun 2010 | 3:45 pm Gulf of Mexico oil spill: Barack Obama attacks BP over spendingBP chief executive Tony Hayward paves the way for a dividend cut as President Barack Obama accuses oil company of "nickel and diming" local businesses.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 3:43 pm Chrysler recalls Dodge Caliber over sticky pedals (AP)AP - Chrysler is recalling nearly 35,000 Dodge Calibers in the United States and around the world to fix a potential problem with sticky gas pedals, the same issue that has affected millions of Toyotas.Source: Yahoo! News: Business News | 4 Jun 2010 | 3:33 pm Retirement Roundup: Who's Falling Behind?Challenges clergy, freelancers and others face in preparing for retirement.
Source: SmartMoney.com | 4 Jun 2010 | 3:18 pm HSBC to sell off its private equity armsHSBC, Europe's largest bank, is pulling out of private equity ahead of expected new rules prohibiting banks from operating their own in-house firms.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 3:10 pm Economy 101: Long recovery road tougher for some (AP)AP - The loss of 8.4 million jobs in the past two years means the labor market has a long way to go to recover from the Great Recession.Source: Yahoo! News: Business News | 4 Jun 2010 | 3:10 pm Dow hits four-month low on weak jobs report (AFP)
Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 3:09 pm Wal-Mart: 500,000 new jobs worldwide in 5 yearsWal-Mart Stores Inc. said Friday it plans to create 500,000 jobs throughout the world in the next five years, saying there is tremendous opportunity for growth globally.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 3:09 pm Schroders: Tidjane Thiam cannot be 'absolved' over failed Prudential dealSome of Prudential's top shareholders have warned that Tidjane Thiam is in the firing line for the "disastrous" and "expensive" attempt to buy AIA.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 3:07 pm Markets rocked as jobs data disappointStocks fell sharply as a report showing that the US added just 41,000 private sector jobs in May shook confidence in a sustained economic recoverySource: Financial Times - US homepage | 4 Jun 2010 | 3:04 pm Time for investors to act up over Prudential's Asian misadventureLet's face it, the whole farrago must be doing wonders for the Prudential's reputation. What a wacky place to work.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 3:03 pm Wal-Mart to create 500,000 new jobsWal-Mart, the global supermarket giant which is parent to ASDA in the UK, is to create half a million new jobs over the next five years.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 3:02 pm US shares fall on weak jobs dataWall Street shares fall more than 3% after latest US unemployment data shows fewer jobs were created in May than expected.Source: BBC News | Business | World Edition | 4 Jun 2010 | 3:01 pm Wall Street hit by jobs data and European worries (Reuters)
Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 2:58 pm What Does Dow's Latest Trip Below 10000 Mean? (On the Street)Can a number crossed this often still be a meaningful benchmark?
Source: SmartMoney.com | 4 Jun 2010 | 2:58 pm AIG repayment prospects fadeTaxpayers have lent AIG $132.6 billion, but the probability that the government would recoup all of those funds fell even further this week after the insurer failed to complete a crucial asset sale.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 2:53 pm Chrysler recalls 25,000 cars for sticky pedalsChrysler Group is recalling about 25,000 model year 2007 Dodge Caliber and Jeep Compass cars because of a problem that causes the gas pedals to stick.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 2:48 pm Euro crisis hits France and GermanySource: Business and financial news - CNNMoney.com | 4 Jun 2010 | 2:45 pm Dow Falls Below 10K After Jobs Letdown (Market Update)Disappointing May payroll growth sent the major indexes reeling.
Source: SmartMoney.com | 4 Jun 2010 | 2:44 pm BP's Tony Hayward: I'm a Brit. I can take itBP chief answers shareholders' questions about the oil company's Gulf of Mexico catastrophe.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 2:41 pm Colorado's embattled real estate regulator resigns (AP)AP - The embattled head of Colorado's real estate division has resigned after a three month suspension that followed a clash with a state lawmaker.Source: Yahoo! News: Business News | 4 Jun 2010 | 2:41 pm Markets go on a Hungary strike - The BuzzJust when we all got used to referring to Europe's fiscal crisis with the tidy little acronym of the PIIGS, another European country is angling for admittance into the bad debt club.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 2:29 pm BT staff to vote on strike action that could leave many with no phone linesBT staff will be balloted the telephone company's first national strike since 1987 after it refused to increase a 2pc pay rise offer.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 2:29 pm Ikos hedge fund couple row over court hearingElena Ambrosiadou, one of the best known hedge fund bosses in the world, was on Friday night forced to seek a high-court injunction to block publication of "private" information by the firm's co-founder - who also happens to be her husband.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 2:21 pm Gulf of Mexico oil spill: BP to mull politics of shareholder dividend paymentsTony Hayward opens the way for a cut in BP's dividend by confirming the oil giant will consider US political pressures over the Gulf of Mexico spill.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 2:08 pm Bill Ackman’s General Growth Presentation at the Ira Sohn Conference
 Source: Dealbreaker | 4 Jun 2010 | 2:00 pm How to Land That Graphic Design JobCompetition for design jobs can be fierce these days. People have been laid off in droves from companies that depend on advertising, and hiring is only slowly picking up, though not necessarily at publishing companies or agencies. That bachelor’s degree you hold along with a portfolio of your work isn’t necessarily enough anymore – after all, you’re likely one among thousands who share the same level of experience. The trick to getting hired as a graphic designer in this environment is to not necessarily be the best but rather to stand out among your peers – offer something a little different. Here are some tips. Resume. As a graphic designer, your resume should be stunning – not necessarily flashy but it should at least have an attractive and easy-to-follow layout. While there’s a lot to be said for a traditional order to your resume, the fact is that job seekers often have gaps in their employment history these days, owing to layoffs. A trend I’ve noticed among resumes is to list your skills above experience and flesh it out beyond a list of Adobe programs. After all, noting the last handful of publishing companies or agencies you’ve worked for in the past few years and repeating yourself doesn’t necessarily show off your strengths. And what if you’ve also freelanced during that time? Instead, after your contact information and objective, launch into your skills, mentioning how you’ve used software, not just which software, and include interesting accomplishments such as tackling a website redesign or winning a logo design contest. Portfolio. Your resume is a summary of what you’re capable of, but your portfolio is where you can spotlight the variety of your work. Portfolios have come a long way since the days of carrying around hard copies of your work in oversize folders interview to interview. Or – shudder – snail-mailing copies to prospective employers. Nowadays there are several options for portfolios, a main one not even involving printing. For practically everyone, at minimum you should have an online portfolio so you can send a link to a company in a jiffy. On a website you don’t have to concern yourself with printing, storage or shipping, and you can swap out work examples as your skills evolve. In a portfolio, include a broad array of your work – everything from seemingly boring letterhead to a wildly creative logo. You want to showcase not just your technical skills but also your versatility and willingness to take on “boring” work as well as fun projects. Network. Always carry business cards with you – I’m talking to the café, to the dog park and to business functions. You never know when you’re going to meet someone who is someone or who knows someone. Be friendly with your neighborhood establishments, because they might remember you when asked for a graphic design referral. In this competitive job environment, it pays to have people on your side. You can also network online. Start a blog and follow other blogs, commenting where appropriate. Use Twitter and Facebook to link back to your blog. You’ll become search engine-friendly as well as create a dialogue with people you might never meet but can definitely do business with. Interview. Prepare yourself for the interview. Research the company and make note of questions you have, if not about the job itself then at least about the business. This shows you’re interviewing for the company and what it stands for – not just for the paycheck. Interviewing can be akin to public speaking for many people, rendering them nervous and practically mute. This is why you should practice interviewing, either before another person or in front of a video camera. Then review the tape – are you rushing through answers? Speaking in slang? Mumbling? What are your hands doing – are they giving away your nervousness? Practice slowing down and thinking before you speak. Select a professional outfit for the in-person interview. It doesn’t matter if you’re interviewing at a dot-com or a stuffy agency – make sure your legs are covered and the appropriate buttons are buttoned. You want to be as formally dressed or more so than the interviewer. First impressions are vital. Follow-up. Send a thank-you note to whomever you interviewed with. It’s just polite.
Source: Business Pundit | 4 Jun 2010 | 1:50 pm Retirement: What to Do if Deflation StrikesAs prices drop and the dollar rises, how will your retirement portfolio hold up?
Source: SmartMoney.com | 4 Jun 2010 | 1:43 pm Gulf fishermen may have to make a 180Tess Vigeland talks to Professor Gary Chaison about the drastic career changes the fishermen, oystermen and other workers on the Gulf coast may have to make.Source: Marketplace Money | 4 Jun 2010 | 1:37 pm Letters: Allowances, retail rebates, etc.Host Tess Vigeland reads some of your thoughts on our recent coverage of retail rebates, kids and allowances and on paying -- or not paying -- for music.Source: Marketplace Money | 4 Jun 2010 | 1:33 pm Three jailed for bribes on £1.3m of education quango contractsThree people have been jailed for their role in bribery and money laundering involving £1.3m of public money belonging to Britain's biggest quango.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jun 2010 | 1:29 pm High credit card rate? You can negotiateIn the never-ending battle between credit card companies and their customers over interest rates, consumers still hold at least some of the cards.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 1:26 pm Presented By:Source: Dealbreaker | 4 Jun 2010 | 1:19 pm Good Luck To All
I really mean that.
Source: Dealbreaker | 4 Jun 2010 | 1:19 pm US stocks plunge, Dow down over 3.0 percent (AFP)
Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 1:08 pm US luxury cars to come in small packagesThe world’s carmakers are mounting a full-scale assault on Americans’ long-held belief that a luxury car must be bigSource: Financial Times - US homepage | 4 Jun 2010 | 12:58 pm (AP)AP - The Dow Jones industrial average loses 300 points.Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 12:50 pm 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 | 12:43 pm Debt fears hit Hungary's currencyThe value of Hungary's currency falls sharply against the euro on fears the country could be facing a Greek-style debt crisis.Source: BBC News | Business | World Edition | 4 Jun 2010 | 12:42 pm Chrysler recalls more than 25,000 vehiclesDETROIT (Reuters) - Chrysler is recalling more than 25,000 Dodge Caliber and Jeep Compass vehicles to address the risk that accelerator pedals could become stuck and cause unintended acceleration, the automaker said on Friday.
Source: Reuters: Business News | 4 Jun 2010 | 12:40 pm Darrell Issa Is Hip To John Paulson’s Tricks
You know what the American people also have a right to know? Starts with a ‘What a’ ends with a ’smug, intellectually dishonest little punk you are.’ Since we all know this is a baseless attempt to vilify hedge funds in general and Paulon & Co in particular, why don’t you back the shit off and devote the time saved to a more admirable pet cause, like personally going under cover to nail those patronizing prostitutes? Oh, you don’t know what I’m talking about? That’s funny, because I’ve got the tapes right here. Congressman questions if Paulson helped charity to goose subprime bet [AR]
Source: Dealbreaker | 4 Jun 2010 | 12:35 pm This Week’s LinksJob training doesn’t always work. Will Warren Buffet’s PR disaster ruin his reputation? Fascinating information on human time perspectives. Advertising Age interviewed Twitter sensation @BPGlobalPR. Sony has developed a prototype of glasses that let you wear your lifeblogging.
Source: Business Pundit | 4 Jun 2010 | 12:34 pm Eurozone woes hit US reform agendaThe US, which some say appeared slow to grasp the global implications of the Greek crisis, has seen its plans for financial reform and rebalancing the world economy pushed backSource: Financial Times - US homepage | 4 Jun 2010 | 12:31 pm Jobs: Census inflates payrollsA flood of temporary Census workers in May led to the biggest jump in jobs in ten years, the government reported Friday.Source: Business and financial news - CNNMoney.com | 4 Jun 2010 | 12:20 pm Inside George Soros’ Famed Currency Trade
Like today, the Euro zone’s politicians, especially the Germans, were standing pat refusing to prop up the value of the pound. Currency traders had already forced the devaluation of the Italian lira and Stan Druckenmiller, the chief PM of George Soros’ Quantum Fund, already had a $1.5 billion bet against the pound. But, he was ready to go further, based mostly on unofficial comments from Helmut Schlesinger, the president of the German Bundesbank, who indicated that a devaluation of the pound was in the offing. Druckenmiller was thinking about slowly adding to his position. But Soros said “go for the jugular.” From More Money Than God, Hedge Funds and the Making of a New Elite. Sebastian Mallaby’s new book about the history of hedge funds:
We all know what happened after that. Go for the Jugular [Atlantic Monthly]
Source: Dealbreaker | 4 Jun 2010 | 12:18 pm Gold Rush, Yet Many Poor Miners (GLD, GDX, GDXJ, GRZ, DROOY, RTP, KGC, AUY)Over the past year, gold prices have jumped by about a third, from around $900/ounce to over $1,200/ounce. And while the ETFs that track gold bullion and gold miners are showing gains for the past 12 months, the gains are not keeping up with the market. The SPDR Gold Trust ETF (NYSE:GLD) is up about [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 12:17 pm Taking it day by day in the bayouTess Vigeland talks to Pete Gerica, a third-generation fisherman in New Orleans, about his outlook on the future of his livelihood.Source: Marketplace Money | 4 Jun 2010 | 12:14 pm R.I.P. unlimited Web useSource: Business and financial news - CNNMoney.com | 4 Jun 2010 | 12:05 pm Zentner, Cochrane, Gross, Dunkelberg, Bernstein: SurveillanceSource: Bloomberg - All Podcasts | 4 Jun 2010 | 11:58 am Lakshman Achuthan, Alan Ruskin, David Rosenberg: On the EconomySource: Bloomberg - All Podcasts | 4 Jun 2010 | 11:55 am A look at global economic developments (AP)AP - A look at economic developments and activity in major stock markets around the world Friday:Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 11:48 am Hopes of Bordeaux wine bonanzaWine producers in Bordeaux are gearing up to reap the harvest of last year’s highly-praised vintage. After three lean years, prices are expected to smash records thanks in part to unprecedented demand from Asian buyersSource: Financial Times - US homepage | 4 Jun 2010 | 11:47 am Flu experts 'link' to drug firmsKey scientists behind World Health Organization advice on stockpiling of pandemic flu drugs had 'links' with companies which stood to profit, an investigation finds.Source: BBC News | Business | World Edition | 4 Jun 2010 | 11:45 am Walmart targets e-commerce for growthMike Duke, chief executive of Walmart, places mobile technology and e-commerce at the centre of the global expansion plans of the world’s largest retailerSource: Financial Times - US homepage | 4 Jun 2010 | 11:45 am FTC to Kellogg: Stop fake health claimsThe Federal Trade Commission, for the second time, told Kellogg to rein it in. And to stop advertising that kids who eat Rice Krispies can boost their immunity. Gregory Warner reports.Source: Marketplace | 4 Jun 2010 | 11:36 am Food bloggers: Helpful or disruptive?Say cheese! With food blogs and review sites growing in popularity, more diners are reaching for their cameras at the table. Is it generating buzz for restaurants or slowing down service and tying up tables? Sally Herships finds out.Source: Marketplace | 4 Jun 2010 | 11:36 am Small talk: Iceland, Facebook, ducksMarketplace's Brendan Newnam chats with fellow staffers Paddy Hirsch, Ethan Lindsey, and Adriene Hill about under-the-radar business stories: Iceland's rehabilitation campaign, Facebook's CEO, and cleaning ducks with Dawn soap.Source: Marketplace | 4 Jun 2010 | 11:36 am Weekly Wrap Audio: BP's troublesThe Big Money's Heidi Moore and The Atlantic's Megan McArdle talk with Kai Ryssdal about how damaging it is to BP that two major ratings agencies downgraded its creditworthiness, and whether BP can survive the oil disaster.Source: Marketplace | 4 Jun 2010 | 11:35 am Lawmakers want to make sure BP paysFrustration over the BP oil spill is mounting -- both in the Gulf of Mexico and Washington. The worst oil spill in U.S. history has politicians scrambling to come up with more creative and dramatic punishments for BP and the oil industry. Brett Neely reports.Source: Marketplace | 4 Jun 2010 | 11:35 am W. Fargo loses fraud case, to pay $30mA jury in Minnesota says Wells Fargo owes $30 million to four nonprofits who trusted the bank to look after their money. Jurors say the bank stopped looking after its clients' best interests and started looking after its own. Jeff Horwich reports.Source: Marketplace | 4 Jun 2010 | 11:35 am Europe stocks fall on Hungary, SocieteEuropean stock markets fell sharply for two apparently unrelated reasons: fears about the country of Hungary, and the French bank Societe General. But the two were linked by a common and familiar thread: government debt and rumors of default. Stephen Beard reports.Source: Marketplace | 4 Jun 2010 | 11:35 am Jobs report: Why there isn't more hiringThe math on the May jobs numbers goes like this: 431,000 jobs were added to the economy last month. Subtract 411,000 -- they're temporary census workers. And what you have is a dispiriting 41,000 net new places to work for the month of May. Reporter Mitchell Hartman takes apart the numbers with Kai Ryssdal.Source: Marketplace | 4 Jun 2010 | 11:35 am Fear of split in DPJ as Kan elected PMNaoto Kan won election to become Japan’s new prime minister and promised to bring fresh focus to an eight-month-old Democratic party-led government that has stumbled badly in recent monthsSource: Financial Times - US homepage | 4 Jun 2010 | 11:31 am U.S. Euro Revenge: Floods of Fat American TouristsThe U.S., and the rest of the world, is being held hostage to the woes of Europe. Don’t fret about it. Americans are about to inadvertently take revenge on Europe for its poor fiscal management policies that have elevated the theory of a double-dip recession into a real risk of a double-dip recession. Now that [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 11:29 am Fuel-saving flight planMINNEAPOLIS: United Airlines plans to demonstrate new fuel-saving methods on two flights between the US and Europe today.The airline says it expects to save about 3558 litres of fuel, about 3 per cent of the fuel it would usually...Source: nzherald.co.nz - Business | 4 Jun 2010 | 11:20 am Share prices plunge on US jobs data (AFP)
Source: Yahoo! News: Stock Markets News | 4 Jun 2010 | 11:14 am Citibank Employee Fired For “Being Too Hot”
Thanks to her lawsuit, I see a semi-lucrative career in reality TV ahead for Lorenzana.
Source: Business Pundit | 4 Jun 2010 | 11:00 am Starring role in GM IPO bound to make a splashWhoever is selected to lead the American stalwart’s IPO carries great responsibility, but also a great opportunitySource: Financial Times - US homepage | 4 Jun 2010 | 10:59 am McDonald’s Recalls 12 million Cadmium-Laced Shrek Glasses
Have you seen those $2 Shrek drinking glasses that McDonald’s has been selling to promote the movie? If so, you’d best avoid them. They contain cadmium, an industrial chemical known to cause everything from cancer to the exotically-named Itai-Itai disease, which softens your bones and makes your kidneys fail. Needless to say, McDonald’s has recalled the Shrek glasses. The Christian Science Monitor has the story: If you have one of the 16-ounce glasses, which came in four versions emblazoned with designs of Shrek, Fiona, Puss n’ Boot,s and Donkey, you should stop using it immediately, the CPSC (Consumer Product Safety Commission) warns. Customers can obtain full refunds by visiting the company’s website. The recall originated with an anonymous tip last week. The tipster warned Rep. Jackie Speier (D) of California that the glasses contained cadmium. Her office contacted the CPSC, and the glasses were sent for testing. “Our children’s health should not depend on the consciences of anonymous sources,” said Representative Speier in a statement. “Although McDonald’s did the right thing by recalling these products, we need stronger testing standards to ensure that all children’s products are proven safe before they hit the shelves.” Incidentally, China, where those glasses were most likely produced, is the world’s biggest producer of cadmium. It sounds like McDonald’s might also want to consider checking out the standards in the factories it outsources to.
Source: Business Pundit | 4 Jun 2010 | 10:52 am Geithner upbeat before G-20 talksWASHINGTON: Treasury Secretary Timothy Geithner says he doesn't think the European debt crisis will derail economic recovery in the United States, and he has praised the steps taken by Europe to deal with the crisis.Geithner said...Source: nzherald.co.nz - Business | 4 Jun 2010 | 10:50 am Job hopes rise on flurry of new figuresWASHINGTON: A handful of economic reports released yesterday raised hopes for an improving job market, with fewer lay-offs and more hiring.Productivity slowed more than initially estimated in the first quarter, a sign that employers...Source: nzherald.co.nz - Business | 4 Jun 2010 | 10:20 am Goldman Bankers Wish They Sold Savings Accounts
At least Jamie Dimon can say JPMorgan makes student loans and gives you free checking accounts. Goldman “facilitates” clients.
Would We Hate Goldman Sachs Less if it Had ATMs? [Fortune]
Source: Dealbreaker | 4 Jun 2010 | 10:19 am Double Icing For House Of Dimon Traders
“Little did he know he had a Mango Ice in his future as well. So he shows up, drinks the water, is about to do the Jäger bomb at which point he is Iced. Gentleman number two makes a scene and is calling out gentleman number one for getting iced. At that time the Icer had had enough and presented this guy with yet another Mango Ice for the completion of the double ice.” Earlier: Goldman Sachs Not Only Wall Street Firm To Get In On Icing Phenom
Source: Dealbreaker | 4 Jun 2010 | 10:14 am Israeli fears rise over deeper isolationThe international condemnation that has broken over Israel since the attack on the Gaza aid convoy has heightened fears that the nation is slipping into deeper diplomatic isolationSource: Financial Times - US homepage | 4 Jun 2010 | 10:07 am CNBC Wardrobe Department Bringing The Thunder Today
Source: Dealbreaker | 4 Jun 2010 | 10:03 am Content is still king in TV's fuzzy futureWhen television arrived in New Zealand 50 years ago a consumer's main decision was whether to buy a console TV or one that had legs.Nowadays shopping for a new TV can lead to a bewildering array of TV-meets-online media options....Source: nzherald.co.nz - Business | 4 Jun 2010 | 10:00 am Jetstar to add extra Airbus to NZ fleetLow-fare airline Jetstar is expanding its New Zealand operations and considering direct long-haul flights to North America and Asia.Jetstar said it would base a seventh Airbus A320 aircraft in New Zealand later this year, which...Source: nzherald.co.nz - Business | 4 Jun 2010 | 10:00 am Investors wait in vain to see GPG divestingPressure is mounting on Sir Ron Brierley's investment company Guinness Peat Group to make a value return to investors but some fear shareholders are being caught up by a board that can't agree on how to split up the family jewels.Last...Source: nzherald.co.nz - Business | 4 Jun 2010 | 10:00 am Liam Dann : NZX bitten by free-market principlesNZX chief Mark Weldon says the decision by the state-owned power generators to use an Australian derivatives market to hedge themselves is another case of "shooting ourselves in the foot".His frustration is understandable. The...Source: nzherald.co.nz - Business | 4 Jun 2010 | 10:00 am Brian Gaynor : Why Kiwibank is hungry for capitalThe banking system is back in the headlines with the suggestion that Kiwibank may offer shares to the public and the proposed formation of a new bank through the merger of Marac, CBS Canterbury and the Southern Cross Building Society.Banking...Source: nzherald.co.nz - Business | 4 Jun 2010 | 10:00 am TVNZ chief has doubts about sale to foreignersTelevision New Zealand chief executive Rick Ellis says he would have reservations about any overseas sale of the state broadcaster.He says overseas ownership might undermine unbiased news coverage and be bad for democracy.Ellis...Source: nzherald.co.nz - Business | 4 Jun 2010 | 10:00 am Worldwide Shipping is StallingAs an indicator of global economic activity, the Baltic Dry Index, which tracks global shipping rates, has been quite reliable at pointing out at least directional trends both in shipping activity and global economy. The higher the BDI, the more goods are being sailed, and traded, around the world. The performance of ocean-going shippers like [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 9:39 am High Unemployment, Low Interest Rates: Get Used To ItBy Jacob Goldstein Today's monthly jobs report suggests two key pieces of the economic picture are likely to persist in the coming months: High unemployment and low interest rates. Hundreds of thousands of temporary workers hired to help conduct the census -- which accounted for the overwhelming majority of jobs created in May -- will once again find themselves out of work later this year. These weekly figures from the census department suggest the number of temporary workers employed by the census peaked the first week of May -- during the same period that the labor department took its monthly jobs survey -- and has already begun to decline. "I do think that we have peaked," Census spokesman told The Hill this week. "I do not expect it to go back up." In 2000, during the last census, the census department added 348,000 jobs in May, then cut 225,000 jobs in June. Meanwhile, state and local governments cut jobs in May. That is likely to continue, the WSJ says. And private-sector job growth was anemic in May -- 41,000 jobs, down from more than 200,000 in April, and not enough to drive an economic recovery. (The number of jobs in manufacturing and temporary services increased, but the number of jobs in construction fell.) "Remember, it requires 150,000 to 200,000 jobs [per month] in order to reduce that unemployment rate," Bill Gross, who manages the bond fund Pimco, told Bloomberg News. The unemployment rate fell from 9.9 percent to 9.7 percent in May, but the decline was largely due to the fact that fewer people were looking for work. (The unemployment rate only includes those who are actively seeking employment.) Before the recession, the rate was less than 5 percent. High unemployment, in turn, means the Federal Reserve is likely to keep interest rates ultra-low. This is true for a few reasons. For one thing, when more people are out of work, consumers spend less money. That lowers the risk of inflation, which can be a byproduct of low rates. For another, low interest rates make it more appealing for businesses to borrow money to drive growth, which creates new jobs. At least in theory. "[W]e are now in the fourth quarter of economic expansion, with jobs once more being created rather than destroyed," Fed chairman Ben Bernanke said yesterday. "Nonetheless, important concerns remain. One particularly difficult issue is the continued high rate of unemployment." » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 4 Jun 2010 | 9:38 am Barclays To Top Death Defying League Tables
As previously mentioned, TWM was found yesterday, alive in some woods of the Taconic State Parkway, after his BMW flew off the road, “going airborne before coming to rest about 480 feet away, upside down.” He was covered in bugs and had been laying 120 feet from his car since Sunday, the farthest he crawled before getting stuck in a swamp. What we failed to mention was that this survivor? Is headed to Barclays. Where, once he recovers, will undoubtedly crank things up a notch
Source: Dealbreaker | 4 Jun 2010 | 9:34 am Presented By:Source: Dealbreaker | 4 Jun 2010 | 9:34 am Wal-Mart Tries for $15 Billion More in Share Buybacks (WMT, RTH)Wal-Mart Stores, Inc. (NYSE: WMT) is going for the headline effect this morning at its 40th Annual Meeting of Shareholders. The company announced that its Board of Directors has just approved a new $15 billion share repurchase program. Today’s buyback program looks massive on the surface via the headline. It still is if you back [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 9:02 am Census workers add 400,000 to US jobs totalThe US added 431,000 new jobs in May, the fastest increase since 2000. Source: Latest Business News from Times Online | 4 Jun 2010 | 8:59 am Petrobras Looking For Record Share Offering (PBR)The global equity market is about to get ready to absorb one of the world’s largest securities offerings ever. Petroleo Brasileiro SA (NYSE: PBR), or the state-run ‘Petrobras,’ has hired a slew of bankers to underwrite a massive securities offering that may be one of the largest offerings in history. The SEC filing lists Bank [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 8:20 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 | 8:15 am BP raises hope over new attempt to halt oil leakBP raised hopes today that a cap lowered over its rogue well should stop “the vast majority” of the oil spilling into the Gulf of Mexico, 46 days after the Deepwater Horizon rig explosion. Source: Latest Business News from Times Online | 4 Jun 2010 | 8:14 am Jonathan Auerbach Likes Market Vectors Gold Miners ETF: AudioSource: Bloomberg - All Podcasts | 4 Jun 2010 | 8:13 am BSkyB to buy Virgin TV in £160m dealBSkyB has confirmed that it will buy Virgin Media’s television channels, including Living, for £160 million, in a deal which will also allow Virgin access to Sky channels. Source: Latest Business News from Times Online | 4 Jun 2010 | 8:09 am Job Growth: A Big, Disappointing NumberThe U.S. economy added 431,000 new jobs in May, the federal government said this morning. Sounds promising. But dig a little deeper, and the number doesn't look so nice. Almost all of those jobs -- 411,000 of them -- were temporary employees hired to work on the census. Those jobs typically last only for a few months. The private sector added only 41,000 jobs during the month. It's much lower than what economists were expecting, and far fewer jobs than private employers added in April. It suggests the economic recovery is slowing. Private employers added more than 200,000 new jobs in April. And Economists were predicting that private employers would add more than 100,000 jobs in May. The economy has shed more than 7 million jobs since the end of 2007, though the number of jobs has increased since the start of 2010. May was probably the peak month for census hiring, Bloomberg News notes. And in the coming months, the census department will begin dismissing more employees than it hires. The unemployment rate fell to 9.7 percent in May, down from 9.9 percent the month before, the government said this morning. But that number, like the jobs number, is somewhat misleading. The unemployment rate only considers people who are actively seeking work and can't find it. In May, fewer unemployed people started looking for work again. That contributed to the decline in unemployment. » E-Mail This » Add to Del.icio.us Source: NPR Blogs: Planet Money | 4 Jun 2010 | 8:06 am SPX, European Debt, Who Needs Hedge Funds?: Taking StockSource: Bloomberg - All Podcasts | 4 Jun 2010 | 8:00 am IHS's Wardell on Oil, T.J. Marta on U.S. Jobs: First WordSource: Bloomberg - All Podcasts | 4 Jun 2010 | 7:40 am This Week’s Weird Jobs
(Image: PuppiesAreProzac/Flickr) I NEED THIS DONE ASAP! I am currently a morning show DJ in Atlanta and need someone to remove dead rats from my home in San Francisco. Here’s the short story…my wife still resides in the home (don’t ask me why I haven’t moved her her yet, but distance doesn’t make the heart grow fonder!). We had rats and rather than spending money on a professional to ensure comfortable living quarters for my spouse I decided to handle it myself with PEANUT BUTTER flavored poison cubes (during one of my weekend visits). The hardware store guy told me that the rats would become dehydrated and leave the house for water. Perfect, my wife would get off my back about taking care of the rat problem and the rats would walk their poisoned butts out of my house to DIE! Well, the rats never got that memo! They decided to die in the attic and smell up the house. STUPID RATS! Needless to say my wife is pissed. So, basically I am too cheap to fly out to handle it and too cheap to hire a professional at full cost. The only thing I have to BARTER is my collection of 5,000 CD’s that my wife has threatened to throw away if I don’t take care of it. If you are an exterminating professional who would like to do this job for 5,000 CD’s please contact me imediately! Please HURRY! Otherwise my wife will return all the aluminum wedding jewelry I gave her and sue me for the $250 I’m worth. I need a man with a van or small truck for 5/17/10, after 6PM, to help me move a queen size mattress, small table top, small filing cabnet and a few other assorted items. We will be traveling in Yonkers, NY. I would mainly need assistance carrying the matress, the other items can be curb to curb. The trip is about 6 miles. Will pay cash. Please respond with a quote, your’re availability and contact infromation. Thanks. * Location: No Pros, cash Yonkers No pros, payment in cash? That mattress must be stuffed with cocaine or something. 3. NY: Drive me to newark airport Want someone to drive me to newark airport new jersey from queens blvd I will stay there for an hour and half and then drive me back to queens tomorrow between 1 to 4. * Compensation: $75 including toll Speaking of drug deals… We will be talking at 10 pm on Monday evening, and need someone with meditation or counseling experience to help out. The apartment is just north of McCarren park on the border of Williamsburg and Greenpoint. If you think you can help, send along your bio and (if possible) a couple of references. Will pay from $50 to $150 for the hour, depending on experience. 5. CA: Need elderly that can dance!!! By the way, this is house music, so we’ll be dressing you in vinyl pants and tube tops. Hope you don’t mind. Happy Friday!
Source: Business Pundit | 4 Jun 2010 | 7:37 am Unemployment Rate Improved in May (Market Update)WHAT'S HAPPENING NOW: Rate over 9% for thirteenth consecutive month.
Source: SmartMoney.com | 4 Jun 2010 | 7:32 am Today’s Best Market Rumors (6/4/2010)Updated throughout the day. Update 1:45 PM EST: Tellabs Inc. (NASDAQ: TLAB) is at risk of losing much AT&T business due to vendor consolidation (Barclays research downgrade). Shares down over 11% at $6.97. Update: Societe Generale has a massive derivative desk trading losses… Shares down over 7% in Paris. Booz & Co. and AT Kearney [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 7:19 am Top Day Trader Alerts (BIDU, EPAY, CETV, NUS, OMNI, RCMT)Today is almost nothing to do with earnings and some of these moves may be more due to jobs data being poor rather than stock news. Stocks on the move this morning are Baidu, Inc. (NASDAQ: BIDU), Bottomline Technologies, Inc. (NASDAQ: EPAY), Central European Media Enterprises Ltd. (NASDAQ: CETV), Nu Skin Enterprises Inc. (NYSE: NUS), [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 7:12 am The Twitter-24/7 Wall St. Stock Market Report 6.4.2010 The Wisdom Of Crowds?SJ Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds. 24/7 Wall St. will look at the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 7:09 am Nick Bunker Discusses `Making Haste from Babylon': Lewis LaphamSource: Bloomberg - All Podcasts | 4 Jun 2010 | 7:03 am Only Job Creation From Uncle Sam’s Head Counters at CensusA disaster… That is all that can be used to describe (politely) the May jobs data. The unemployment rate came out as an official 9.7%, meeting estimates. But the non-Farm Payrolls data is where this gets messy. The payrolls added 431,000 jobs, which would be a whopper of a number under normal circumstances. The problem [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 6:48 am Could Dell Really Go Private? (DELL, HPQ, AAPL)Dell Inc. (NASDAQ: DELL) is a lost company by the count of many investors. Gone are the hay-day gains of the company with new PC’s selling like hotcakes as everyone in America started to get on the Internet for the first time at home. Hewlett-Packard Co. (NYSE: HPQ) has taken and taken over the last [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jun 2010 | 6:34 am EasyJet reveals system to bypass ash cloudEasyjet has unveiled new technology which it claims will allow airlines to safely fly around ash clouds. Source: Latest Business News from Times Online | 4 Jun 2010 | 6:31 am Bet They Changed Their Name
Source: Business Pundit | 4 Jun 2010 | 5:40 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
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Jennifer Moline writes about graphic design, small business and technology, for the 
