|
|
|
|
Enjoy the rebound; remember the riskAssuming you've been investing in stocks for a while, you've experienced devastating setbacks twice in the past decade. Now that the market has rallied, it's tempting to think of those drops -- 49% in 2000-02 and 57% in 2007-09 -- as anomalies. They may not be. Recent research by Morningstar suggests that stocks are more prone to convulsions than you may realize.Source: Business and financial news - CNNMoney.com | 7 Jun 2010 | 4:18 am Stocks set to continue slideU.S. stocks were poised for a lower open Monday as the global economic problem continues to plague investors.Source: Business and financial news - CNNMoney.com | 7 Jun 2010 | 4:13 am GM Returns To The Super BowlGM better have that $40 billion IPO this year or early next. It is giving cars to baseball pitchers and putting people and dealers out of work at a torrid pace. It is doing everything that the Treasury and the public would prefer that it does not do, at least until the $50 billion it [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Jun 2010 | 4:05 am Business Bullet: Hungary, Airlines, Gold, Look aheadThe latest news on: Hungary, Airlines, Gold, Look aheadSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Jun 2010 | 4:05 am Al and Tipper’s Internet Shares
Source: Business Pundit | 7 Jun 2010 | 4:02 am World stocks hit by fears over US jobs, Hungary (AP)
Source: Yahoo! News: Stock Markets News | 7 Jun 2010 | 3:57 am World stocks hit by fears over US jobs, Hungary (AP)
Source: Yahoo! News: Business News | 7 Jun 2010 | 3:57 am Eight convicted over deadly Bhopal accidentCourt convicts the former local employees of criminal negligence over the devastating gas leak at a Union Carbide plant that killed thousands of people more than 25 years agoSource: Financial Times - US homepage | 7 Jun 2010 | 3:54 am Slash your cell phone billYou've heard iPhone users gripe about their mammoth monthly charges -- but it's not just those with the fanciest smart phones who are paying a bundle. "The average consumer overspends by $300 a year," says Schwark Satyavolu of BillShrink.com, which helps consumers save on expenses. Knocking that much off your tab isn't hard, experts say: You can do it by changing your plan, your carrier, or the way you use your phone.Source: Business and financial news - CNNMoney.com | 7 Jun 2010 | 3:52 am Foxconn 'suicide factory' raises pay 70pcChina-based maker of Apple's iPod gives workers a 70pc wage rise, raising the prospect of Western customers paying more for their electronic goods.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Jun 2010 | 3:52 am Airlines 'profitable' after allThe airlines' main industry trade body says business will be profitable in 2010, dramatically revising an earlier forecast.Source: BBC News | Business | World Edition | 7 Jun 2010 | 3:50 am Nikkei slumps 3.8%, fronting Asian stock lossesJapanese shares tumble Monday leading Asian markets sharply lower as weak U.S. jobs figures and Hungary’s fiscal woes sap risk-appetite.
Source: MarketWatch.com - Top Stories | 7 Jun 2010 | 3:50 am World oil refining capacity must be rationalized: BPKUALA LUMPUR (Reuters) - BP Plc said on Monday, global oil refining capacities need to be rationalized to bring utilization back to historical levels in the face of lagging demand.
Source: Reuters: Business News | 7 Jun 2010 | 3:47 am World oil refining capacity must be rationalized: BP (Reuters)Reuters - BP Plc said on Monday, global oil refining capacities need to be rationalized to bring utilization back to historical levels in the face of lagging demand.Source: Yahoo! News: Business News | 7 Jun 2010 | 3:47 am China Becomes The High-Cost Provider Of GoodsChina has a problem. Before the recession it was clearly the low-cost provider of goods among the largest nations of the world. Its inexhaustible workforce were another advantage. Its manufacturing facilities are massive. It has only been in the last year or so that China’s cost of labor has spiked up. Like Japan, the country [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Jun 2010 | 3:45 am Cameron giving warning on deficitDavid Cameron says Britain's economic problems are "even worse than we thought" as he sets out why cuts are needed.Source: BBC News | Business | World Edition | 7 Jun 2010 | 3:39 am Indian court convicts 7 in Bhopal gas tragedy (AP)
Source: Yahoo! News: Business News | 7 Jun 2010 | 3:37 am Prudential AGM: live blogTidjane Thiam, Prudential's chief executive, may have slept uneasily last night as he counted down to the company's annual meeting in London today. The AGM is the first time Mr Thiam and his colleagues have faced a group of shareholders since the insurer scrapped its $35.5bn (£24.5bn) deal for AIG's Asian business and is likely to see them face calls for their resignations. We bring you all the developments live from 11am:Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Jun 2010 | 3:33 am Hungary attempts to soothe worriesHungary’s new government planned to issue an action plan on Monday detailing efforts to cut the country’s deficit after a weekend spent attempting to undo its own warnings that the nation was on the verge of default.
Source: MarketWatch.com - Top Stories | 7 Jun 2010 | 3:33 am BP: No Such Thing As Catching A Problem Too EarlyThe caricature of philosophies about business decisions is that private equity firms, large corporates, venture capital operations, and Ivy League graduates are deliberate and slow when making decisions. Entrepreneurs and investment bankers shot from the hip. One of the most important case histories of a dangerous business incident during the last quarter of the 20th [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Jun 2010 | 3:26 am Exxon execs warn on curbing on deepwater drillingKUALA LUMPUR/BEIJING (Reuters) - ExxonMobil warned against quick reactive changes to deepwater drilling laws that damage long-term investment decisions and urged governments to take time to assess the reasons for the Gulf of Mexico oil spill.
Source: Reuters: Business News | 7 Jun 2010 | 3:24 am UK workers take fewer sick daysThe average UK worker took 6.4 days off through sickness last year, the lowest number since 1987, a CBI survey suggests.Source: BBC News | Business | World Edition | 7 Jun 2010 | 3:22 am Accused French rogue trader Kerviel to stand trial (AP)
Source: Yahoo! News: Business News | 7 Jun 2010 | 3:19 am Global stocks fall on new euro fearsStocks fell sharply across Europe and Asia today as the euro plummeted and weaker US employment figures stoked fears of a global double-dip recession. Source: Latest Business News from Times Online | 7 Jun 2010 | 3:12 am Grifols in $4bn deal to buy TalecrisPrivate equity firm Cerberus Capital management has sold its remaining stake in Talecris Biotherapeutics to its Spanish blood products rival in a deal that values Talecris at about $3.4bnSource: Financial Times - US homepage | 7 Jun 2010 | 3:06 am Markets down on double-dip fearsEuropean markets open down, while the euro reaches a new low against the dollar, amid renewed fears of a double-dip recession.Source: BBC News | Business | World Edition | 7 Jun 2010 | 3:04 am FTSE 100 tumbles on Hungary, US fears (AFP)
Source: Yahoo! News: Stock Markets News | 7 Jun 2010 | 3:04 am Stock futures signal more losses(Reuters) - Stock index futures pointed to a lower open on Wall Street on Monday, adding to the previous session's strong sell-off, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.7 percent and Nasdaq 100 futures down 0.5 percent at 0755 GMT.
Source: Reuters: Business News | 7 Jun 2010 | 3:01 am Is Market Volatility a Call to Trade Now? (Pundit Watch)Market watchers discuss the merits of a near-term strategy.
Source: SmartMoney.com | 7 Jun 2010 | 3:01 am Borrowers: Beware the Second Credit ReportNew Fannie Mae guidelines have the potential to derail closings.
Source: SmartMoney.com | 7 Jun 2010 | 3:01 am The $5 Freelancer (Tough Customer)Kadet: With the job market so tight, more workers offer their services for a song. Are they loss leaders, or labors of love?
Source: SmartMoney.com | 7 Jun 2010 | 3:01 am Germany to unveil cuts to welfare, jobs (AP)AP - Germany was close to finalizing Monday a major package of government savings, which would likely cut social welfare benefits, slash public sector jobs, and raise taxes to tackle the budget deficit.Source: Yahoo! News: Business News | 7 Jun 2010 | 2:55 am Airlines to return to profit in 2010: IATAAirlines are expected to collectively return to profit in 2010, a year earlier than expected, thanks to the industry’s cost-cutting efforts and a nascent recovery in demand for air travel.
Source: MarketWatch.com - Top Stories | 7 Jun 2010 | 2:53 am Reports of the Death of TV Networks Are ExaggeratedMedia companies and investors are treating the broadcast television businesses as if they had the plague. There are rumors that Walt Disney Co. (NYSE: DIS) wants to dump ABC and that General Electric Co. (NYSE: GE) is ready to oust NBC Universal CEO Jeff Zucker. What gets lost in the all the media hoopla about [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Jun 2010 | 2:50 am Prudential defends failed deal as sales rise 27%U.K. insurer Prudential on Monday mounted a robust defense of its failed bid for American International Group’s Asian assets and reported a 27% rise in sales ahead of what could be a lively annual meeting.
Source: MarketWatch.com - Top Stories | 7 Jun 2010 | 2:46 am 24/7 Wall St.’s Corporate Power Rankings: Week 21The 24/7 Wall Street Corporate Power Rankings of the 32 most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and change, and credible rumors. It is, in effect, a new version of the DJIA. The Corporate Power Rankings are released at [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Jun 2010 | 2:40 am Electric carWhat is it like to live with one every day?Source: BBC News | Business | World Edition | 7 Jun 2010 | 2:37 am London Markets: BP shares outperform in lower FTSE 100 indexBP shares gain on Monday, bucking declines in the British equity market, as investors hope that the firm's latest efforts to control the oil spill in the Gulf of Mexico will succeed.
Source: MarketWatch.com - Top Stories | 7 Jun 2010 | 2:32 am Fears for global economy send stocks plungingGlobal Markets Overview: World equity prices are slumping and the euro is at a fresh four-year low as traders react to concerns that US growth may be weaker than first thoughtSource: Financial Times - US homepage | 7 Jun 2010 | 2:23 am Stock futures signal more losses (Reuters)
Source: Yahoo! News: Stock Markets News | 7 Jun 2010 | 2:23 am BP costs in oil spill ‘siege’ hit $1.25bn$BP said that its costs for the oil spill in the Gulf of Mexico spill have reached $1.25 billion ($£870 million) as it set out plans to place a second cap on the leak. Source: Latest Business News from Times Online | 7 Jun 2010 | 2:22 am Hon Hai shares tumble on new China wage riseTAIPEI/HONG KONG (Reuters) - Shares in Hon Hai Precision Industry tumbled on Monday on concerns about earnings after the electronics maker offered workers in southern China a second pay rise that could double wages from a month ago.
Source: Reuters: Business News | 7 Jun 2010 | 2:16 am FTSE drops as Cameron prepares to warn on economyAs David Cameron issues a stark warning that budget problem is worse than thought, British shares fall victim to global sell-off sparked by fears of Greece-style meltdown in Hungary.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Jun 2010 | 2:04 am U.S. economy worries and Hungary fears hit hard (Reuters)
Source: Yahoo! News: Stock Markets News | 7 Jun 2010 | 1:59 am Media Digest 6/7/2010 Reuters, WSJ, NYTimes, FT, BloombergMarketWatch: The Nikkei dropped 3.8%. Reuters: The euro dropped to a four-year low as investors exit risk. Reuters: Foxconn will up wages after suicides. Reuters: Economists expects a slowdown but not a double dip recession.Reuters: Yahoo! (NASDAQ: YHOO) users will gain more access to Facebook. Reuters: Australia will investigate Google’ (NASDAQ: GOOG) privacy policies. Reuters: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Jun 2010 | 1:55 am Foxconn raises workers' pay againA Taiwanese firm hit by a spate of suicides raises employee salaries in China and sees its shares suspended in Hong Kong.Source: BBC News | Business | World Edition | 7 Jun 2010 | 1:55 am New week, same woesWorries about the global economy have pushed the Dow Jones industrial average to a nearly four-month low -- and there's little in the week ahead to stop it from creeping even lower.Source: Business and financial news - CNNMoney.com | 7 Jun 2010 | 1:53 am Europe Markets: European shares fall as economic worries weighEuropean shares fall on Monday, extending losses from the previous session, with banks and miners sharply lower as investors fret about global economic-growth trends.
Source: MarketWatch.com - Top Stories | 7 Jun 2010 | 1:49 am Strong growth offers relief for the PruPrudential today attempted to appease shareholder anger at the collapse of its $35.5 billion ($£24.5 billion) bid to buy AIA by revealing that strong sales growth had accelerated in April and May. Source: Latest Business News from Times Online | 7 Jun 2010 | 1:47 am Asia Markets: Some fear China wage hikes will squeeze marginsA sharp increase in minimum wages across several parts of China is raises worries about squeezed profit margins at manufacturing firms.
Source: MarketWatch.com - Top Stories | 7 Jun 2010 | 1:45 am FTSE joins global share sell-off as Hungary fears mountShares and the euro plummeted on Monday on worries that Hungary's public finances face a Greece-style meltdown.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Jun 2010 | 1:37 am Prudential bosses face investorsBosses at Prudential face disgruntled investors at an annual general meeting later after the deal to buy AIA collapsed.Source: BBC News | Business | World Edition | 7 Jun 2010 | 1:29 am Capital gains tax: Dark clouds ahead in the countryside?The economy relies on the property market, writes Clive Aslet. A capital gains tax increase could send it into tailspin.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Jun 2010 | 1:14 am Hoover horrorIs EU reviving policies from the Great Depression?Source: BBC News | Business | World Edition | 7 Jun 2010 | 1:14 am BP says Gulf oil spill costs reach $1.25 billionBritish oil giant BP said Monday it had already spent 1.25 billion dollars on efforts to contain the Gulf of Mexico oil spill. The company also said in a statement that a cap fitted on aSource: RSS feed - channel BNewsBusiness | 7 Jun 2010 | 1:12 am Long road to oil cleanup looms over Gulf Coast (AP)
Source: Yahoo! News: Business News | 7 Jun 2010 | 1:09 am Business Bullet: Asia, Sterling, Pru, BPThe latest news on: Asia, Sterling, Pru, BPSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Jun 2010 | 1:08 am Tucker touted by investors for Prudential returnThe group’s former chief executive has emerged as a dark horse candidate to replace either the chairman or chief executive of the UK life assurer following its aborted AIA bidSource: Financial Times - US homepage | 7 Jun 2010 | 1:04 am BP oil spill clean-up costs rise to $1.25bnBP plans a second containment system to stem its Gulf of Mexico oil leak, as costs of the clean-up rise to $1.25bn.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Jun 2010 | 1:04 am Travel Briefcase: Long flight delays decline dramaticallyAlso: Hotels test faster check-in technology, and discussing how airlines should handle peanut allergies. U.S...Source: RSS feed - channel BNPaperBusiness | 7 Jun 2010 | 1:00 am Analysts see tough ride for stocks in near termSome expect shares to end this year higher. Key factors will include data in coming months on progress from European cutbacks and whether the U.S. economic recovery is continuing. ...Source: RSS feed - channel BNPaperBusiness | 7 Jun 2010 | 1:00 am Green fairs are sprouting up nationwideAnnual events focused more on eco-friendly technology than on deep-fried foods and hog races are drawing crowds, including in Southern California. ...Source: RSS feed - channel BNPaperBusiness | 7 Jun 2010 | 1:00 am Advice: Be wary of small-business motivational seminarsAlso: Tax breaks for making an office more energy efficient. Dear Karen: I see lots of advertisements for small business motivational...Source: RSS feed - channel BNPaperBusiness | 7 Jun 2010 | 1:00 am L.A. makes opening restaurants easierThe city has worked to eliminate agencies' conflicting rules, and case managers will help developers through the process.The often-torturous process of opening a restaurant in Los Angeles got a little easier last week, as the city moved to streamline its notoriously cumbersome rules for setting up a food business.
Source: L.A. Times - Business | 7 Jun 2010 | 1:00 am Green fairs are sprouting up nationwideAnnual events focused more on eco-friendly technology than on deep-fried foods and hog races are drawing crowds, including in Southern California.What's a fair without rickety roller coasters and pie-baking competitions?
Source: L.A. Times - Business | 7 Jun 2010 | 1:00 am Analysts see tough ride for stocks in near termSome expect shares to end this year higher. Key factors will include data in coming months on progress from European cutbacks and whether the U.S. economic recovery is continuing.Jobs are hard to come by, debt problems are hobbling several European countries and oil is spreading across the Gulf of Mexico. With news like that, it's hard to see how the stock market can pull out of its slump.
Source: L.A. Times - Business | 7 Jun 2010 | 1:00 am Small firms putting gift cards on wish listsThe prepaid forms of plastic, with their low setup cost, are rising in popularity at a variety of firms. Merchants say customer demand for them is outshining sales of paper gift certificates.Gift cards are not just for the big boys anymore. They are starting to pay off for smaller businesses as well.
Source: L.A. Times - Business | 7 Jun 2010 | 1:00 am L.A. makes opening restaurants easierThe city has worked to eliminate agencies' conflicting rules, and case managers will help developers through the process. ...Source: RSS feed - channel BNPaperBusiness | 7 Jun 2010 | 1:00 am Small firms putting gift cards on wish listsThe prepaid forms of plastic, with their low setup cost, are rising in popularity at a variety of firms. Merchants say customer demand for them is outshining sales of paper gift certificates. ...Source: RSS feed - channel BNPaperBusiness | 7 Jun 2010 | 1:00 am Advice: Be wary of small-business motivational seminarsAlso: Tax breaks for making an office more energy efficient.Dear Karen: I see lots of advertisements for small business motivational seminars. How effective are they?
Source: L.A. Times - Business | 7 Jun 2010 | 1:00 am Travel Briefcase: Long flight delays decline dramaticallyAlso: Hotels test faster check-in technology, and discussing how airlines should handle peanut allergies.U.S. flights delayed three hours or more have declined dramatically over the last year, with the latest report showing a drop from 82 flights in April 2009 to only four this April.
Source: L.A. Times - Business | 7 Jun 2010 | 1:00 am UK's Pru says sales up ahead of AGMLONDON (Reuters) - Insurer Prudential reported stronger sales growth ahead of its annual investor meeting, in an effort to appease shareholder anger over its failed bid for AIG's AIA Asian unit.
Source: Reuters: Business News | 7 Jun 2010 | 12:56 am Man Utd owners face $1.6bn debtManchester United's US owners the Glazer family are struggling under debts of more than £1.1bn, the BBC learns.Source: BBC News | Business | World Edition | 7 Jun 2010 | 12:43 am BA strike action enters 20th dayBritish Airways cabin crew enter their 20th day of strike action this year with no sign of an agreement with the airline.Source: BBC News | Business | World Edition | 7 Jun 2010 | 12:38 am Hungary aims to ease debt fearsHungary will stick to the 3.8pc of GDP budget deficit target agreed with international lenders for this year and will cut expenditures to achieve it, Gyorgy Matolcsy, the country's Economics Minister, said on Monday.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Jun 2010 | 11:53 pm DTE Energy and Local 223 UWUA Union Leaders Reach Tentative AgreementSource: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 11:48 pm Hitachi shares hit by doubts over UK train dealShares in Hitachi plummeted earlier today amid fears that the possible cancellation of £7.5 billion worth of train orders by the British Government could trigger similar capitulation by other countries. Source: Latest Business News from Times Online | 6 Jun 2010 | 11:41 pm Global share sell-off continues on Hungary crisis fearsAsian shares and the euro plummeted Monday as traders took their lead from a slumping Wall Street and worries that Hungary's public finances face a Greece-style meltdown.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Jun 2010 | 11:34 pm Euro at 4-year lows while stocks drop on risk flightSYDNEY (Reuters) - The euro sank to four-year lows on Monday as stocks and commodities fell after disappointing U.S. jobs data and angst about euro zone debt problems fed fears the world...Source: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 11:10 pm Contact Centers Seen as a Prime Source for Customer Analytics: Frost & SullivanSource: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 11:03 pm Manpower Inc. Chairman and CEO Jeff Joerres Participates in WEF on East Asia Panel Focused on Ways to Align Labor Market Demand and Education to Ease the Region's Talent MismatchSource: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 11:01 pm gategroup Expands Catering, Supply Chain Capabilities to Haneda AirportSource: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 11:00 pm Low-ball salary offers: Take it or leave it?The job market may be slowly starting to recover, but some salary offers are still a few years behind.
Source: MarketWatch.com - Top Stories | 6 Jun 2010 | 10:23 pm Exxon in discussions with China firms on partnershipBEIJING (Reuters) - Exxon Mobil is holding detailed discussions with China's national oil firms on partnerships for a number of resources including unconventional, a top executive said on Monday.
Source: Reuters: Business News | 6 Jun 2010 | 10:22 pm Exxon in discussions with China firms on partnershipBEIJING (Reuters) - Exxon Mobil is holding detailed discussions with China's national oil firms on partnerships for a number of resources including unconventional, a top executive said on...Source: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 10:22 pm Peter Brimelow: Gold knows something gold shares don't?Gold jumps as stocks slump. Gold bugs are increasingly confident -- even though gold shares continue oddly weak, writes Peter Brimelow.
Source: MarketWatch.com - Top Stories | 6 Jun 2010 | 10:01 pm Marsh on Monday: Trichet faces his sternest testJean-Claude Trichet, the president of the European Central Bank, is a man who lives on the frontiers of poetry and rhetoric, writes David Marsh.
Source: MarketWatch.com - Top Stories | 6 Jun 2010 | 10:01 pm Asian stocks fall on weak US jobs dataAsian stocks fell sharply on Monday as the euro weakened and disappointing US jobs data raised fears about the health of the global economy. The FTSE All World Asia Pacific index dropped 3.2 per...Source: RSS feed - channel BNPaperBusiness | 6 Jun 2010 | 9:52 pm South Korea says private sector growth to gather paceSEOUL (Reuters) - The recovery in private sector economic activity will continue to gather pace in the second half of the year despite the waning effects of fiscal stimulus, a senior...Source: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 9:29 pm South Korea says private sector growth to gather paceSEOUL (Reuters) - The recovery in private sector economic activity will continue to gather pace in the second half of the year despite the waning effects of fiscal stimulus, a senior finance ministry official said on Monday.
Source: Reuters: Business News | 6 Jun 2010 | 9:29 pm Will risky offshore oil exploration be tamed by spill?For decades the oil industry pushed deeper and farther into the sea in search of black gold while the US government did little to ensure they had the resources needed to prevent blowouts...Source: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 7:43 pm Bank of China expects delay in rate hikes: reportSHANGHAI (Reuters) - Bank of China's president no longer expects China to raise interest rates soon but instead may hike banks' required reserve rate, the China Securities Journal reported on Monday.
Source: Reuters: Business News | 6 Jun 2010 | 7:07 pm Bank of China expects delay in rate hikes: reportSHANGHAI (Reuters) - Bank of China's president no longer expects China to raise interest rates soon but instead may hike banks' required reserve rate, the China Securities Journal...Source: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 7:07 pm 5,000 Apple developers gatheringSource: Business and financial news - CNNMoney.com | 6 Jun 2010 | 6:50 pm Less bluster, more biteWe have been drowning in the rhetoric of the age of austerity, but amid all the talk about cutting Britain’s budget deficit, much less has been said about how to stimulate growth. It was an omission from the election campaigns of all three parties, and during the heady early days of the Lib-Con coalition we have still heard comparatively little about it. Source: Latest Business News from Times Online | 6 Jun 2010 | 6:01 pm Inquiries mount after PwC ‘failed to notice’ mistakesPricewaterhouseCoopers is facing an inquiry by accounting regulators into its failure to notice that JP Morgan was paying up to £16 billion of clients’ money into the wrong bank accounts. Source: Latest Business News from Times Online | 6 Jun 2010 | 6:01 pm Black is back in fashion at Conran ShopSir Terence Conran is set to make a profit from his obsession with good design for the first time in a decade. The Conran Shop, which he established in 1973 as a more adventurous cousin to his Habitat chain, is expected to break into the black after years of losses. Source: Latest Business News from Times Online | 6 Jun 2010 | 6:01 pm Rolls-Royce – the status symbol of choice in ChinaChina, former closed communist society-turned-global economic powerhouse, is falling for one of the world’s great financial status symbols — the Rolls-Royce. Source: Latest Business News from Times Online | 6 Jun 2010 | 6:01 pm Manufacturing’s shot in the arm for the economyThe recovery in the manufacturing sector picked up pace in the second quarter as factory output and new orders hit record highs. Source: Latest Business News from Times Online | 6 Jun 2010 | 6:01 pm Business big shot: Michael SpencerAge 55 Position Chief executive, Icap Salary £6.7 million (to March 31, 2009) Source: Latest Business News from Times Online | 6 Jun 2010 | 6:01 pm Chrysler recalls 285,000 vehiclesChrysler Group is recalling about 285,000 model year 2008 and 2009 Dodge Caravan and Chrysler Town & Country cars in the U.S. because of possible fire hazards.Source: Business and financial news - CNNMoney.com | 6 Jun 2010 | 5:35 pm Terror suspects arrested at JFK airportUS authorities arrested two terrorist suspects at JFK airport in New York on their way to Somalia where they allegedly planned to join an Al-Qaeda-linked terrorist group.Source: Financial Times - US homepage | 6 Jun 2010 | 5:27 pm BP claims first success against Gulf spillBP sees the first significant progress in its seven-week attempt to capture oil pouring from its leaking well in the Gulf of Mexico, but is still catching only about half of the estimated flowSource: Financial Times - US homepage | 6 Jun 2010 | 5:12 pm If mud sticks, unfairly, so can oilUntil recently, if you were listing the strengths of Barack Obama and his administration, you would have emphasised the president's calm, controlled demeanour and the competence of the people...Source: RSS feed - channel BNPaperBusiness | 6 Jun 2010 | 4:18 pm Chinese bank IPO set to fall shortAgricultural Bank of China's initial public offering is likely to raise much less than the $30bn record-setting total it had hoped for when it sells shares in Hong Kong and Shanghai as early as next month...Source: RSS feed - channel BNPaperBusiness | 6 Jun 2010 | 4:03 pm Desperately seeking COBRA subsidyIf you lose your job after June 1, you'll see more than just your paycheck disappear. You also won't get for the 65% federal subsidy to cover your COBRA health insurance premium.Source: Business and financial news - CNNMoney.com | 6 Jun 2010 | 2:18 pm Morgan Stanley in drive on cross-sellingThe bank launches a push to close gap with more profitable rivals such as Goldman Sachs and JPMorgan Chase, creating a team of senior bankers to cross-sell more of its productsSource: Financial Times - US homepage | 6 Jun 2010 | 1:54 pm Goldman stung by backlash in ChinaPublic criticism of Goldman Sachs has come to China, where the investment bank has been lambasted in articles in state-controlled mediaSource: Financial Times - US homepage | 6 Jun 2010 | 1:29 pm Slowdown looming but no double dipWASHINGTON (Reuters) - The global economy looks likely to avoid a relapse into recession, although the next six months may be anemic, with three main causes for concern.
Source: Reuters: Business News | 6 Jun 2010 | 1:01 pm Turkey is making a play for regional powerIn the Middle East nothing is ever what it seems. We have heard that the Gaza flotilla was on a humanitarian mission. Well, five of the six ships were, unloading their cargo in the Israeli port of Ashdod,...Source: RSS feed - channel BNPaperBusiness | 6 Jun 2010 | 12:29 pm For stocks, angst over Europe, jobs (Reuters)Reuters - U.S. stocks could face more pressure this 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 | 6 Jun 2010 | 12:21 pm Afghan troops overrated, audit to showA US government audit to be released at the end of this month will cast doubt on the $25bn effort to build Afghan military and police forces, a blow to the cornerstone of the US exit strategySource: Financial Times - US homepage | 6 Jun 2010 | 12:13 pm IEA counts $550bn energy support billThe world economy spends more than $550bn in energy subsidies a year, about 75 per cent more than previously thought, according to the first exhaustive study of the subjectSource: Financial Times - US homepage | 6 Jun 2010 | 11:44 am Could BP walk away with a $75M fine?To help readers navigate the legal landscape surrounding BP's mammoth oil spill (or "oil spew," as some argue it should more properly be called) in the Gulf Coast, I have looked into some of the law-related questions and statements that keep surfacing as the press and bloggers keep up with breaking coverage of the crisis. I rely mainly here on an interview with Christopher B. Kende, an international insurance law specialist at the firm of Cozen O'Connor. Kende also teaches attorneys about the legal issues stemming from the Deepwater Horizon oil-spill as a lecturer for HB Litigation Conferences.Source: Business and financial news - CNNMoney.com | 6 Jun 2010 | 10:30 am The broadband scrambleWithin the next few weeks many bidders to take part in the Government-backed rollout of a high-speed broadband network will be knocked out of the game.Tasked with the job of picking a shortlist is Government entity Crown Fibre...Source: nzherald.co.nz - Business | 6 Jun 2010 | 10:00 am BP chiefs vow to rebuild reputationBP chief executive Tony Hayward has sought to reassure investors about the fallout of the oil spill, saying the company has "considerable firepower" to cope with costs he acknowledges will be "severe" and long-running.Hayward...Source: nzherald.co.nz - Business | 6 Jun 2010 | 10:00 am Challenge to business 'access to funds'The biggest challenge facing New Zealand businesses is gaining access to secured funding as the world recovers from the global financial crisis and the aftershocks in Europe, Queen's Birthday honour recipient Alison Paterson says.Paterson,...Source: nzherald.co.nz - Business | 6 Jun 2010 | 10:00 am Inspired by passion for tradingKathmandu founder Jan Cameron has been credited with reshaping the New Zealand outdoor clothing and equipment market and now she has been honoured for her hard work.Australian-born Cameron, who is a New Zealand resident, has been...Source: nzherald.co.nz - Business | 6 Jun 2010 | 10:00 am Top fashion labels entice Chinese nouveau richeFor decades Western fashion brands have looked to China for cheap materials and labour.But in recent months the country has caught the attention of the fashion industry for a different reason: thanks to its booming economy, numerous...Source: nzherald.co.nz - Business | 6 Jun 2010 | 10:00 am Family businesses strong foundation for knights' philanthropy"Of course, you need to make profit in a business," says David Levene, OBE, but most important for him during his long business career was "security for my people and my family".Now aged 80, he is today made a Knight Companion...Source: nzherald.co.nz - Business | 6 Jun 2010 | 10:00 am Timpson's career in wool, meat and mediaIn recognition of a business career that spanned the wool, meat and media industries Tony Timpson has been made an Officer of the New Zealand Order of Merit in the Queen's Birthday Honours.Timpson, 77, bankrolled the Independent...Source: nzherald.co.nz - Business | 6 Jun 2010 | 10:00 am Arise, Sir Mad ButcherGidday, it's your old knight, the Mad Butcher.Peter Leitch - New Zealand rugby league's biggest and loudest fan, the working-class boy from Wellington and, more recently, cancer battler - today becomes one of six knights in the...Source: nzherald.co.nz - Business | 6 Jun 2010 | 10:00 am Charity work recognisedMichael Horton has been made a Companion of the New Zealand Order of Merit in recognition of his services to philanthropy.Horton is involved with the Rotary Club and the Robert Horton Memorial Trust.He is the chairman of the...Source: nzherald.co.nz - Business | 6 Jun 2010 | 10:00 am Forum for keeping family focusTwo family-owned businesses will share more than 200 years of experience at a family business forum at the University of Auckland.David Babich of Babich Wines and the father/daughter team of Euan and Gabrielle Sparrow, who run...Source: nzherald.co.nz - Business | 6 Jun 2010 | 10:00 am Spain's labor reform could sideline unions: reportMADRID (Reuters) - Spain may make it easier for companies to bypass unions to lower workers' pay and conditions if they can prove they are in financial difficulty, El Mundo newspaper reported on Sunday, citing government sources.
Source: Reuters: Business News | 6 Jun 2010 | 8:28 am The info highway, 17 years laterSource: Business and financial news - CNNMoney.com | 6 Jun 2010 | 7:48 am Can Steve Jobs deliver the goods?Source: Business and financial news - CNNMoney.com | 6 Jun 2010 | 7:39 am Eurogroup's Juncker not worried by Hungary and euro (Reuters)
Source: Yahoo! News: Business News | 6 Jun 2010 | 6:01 am More Concern The Global Banks Could But Hurt By EU FinancesThere has been speculation that banks outside Europe could be badly damaged by the default of debt by several EU sovereign nations or the collapse of banks within their boarders. US and UK banks clearly hold paper in both the troubled countries and many of the financial firms. This may also be the case for [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Jun 2010 | 5:57 am Crunch vote looms for Swiss-US deal in UBS tax row (AP)AP - The Swiss government is hoping to rid itself of a long-running headache over banking secrecy Tuesday when lawmakers are expected to approve a treaty to hand files on thousands of suspected tax cheats to U.S. authorities.Source: Yahoo! News: Business News | 6 Jun 2010 | 5:17 am 3 Funds With a Small Minimum Investment (Screens)These funds are accessible to investors not willing to wager a lot.
Source: SmartMoney.com | 6 Jun 2010 | 3:00 am
|
