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Premier League wages on the riseSoaring wages are threatening the stability of Premier League clubs, a report into football finances says.Source: BBC News | Business | World Edition | 8 Jun 2010 | 4:18 am French trader Kerviel trial opensThe trial of Jerome Kerviel, an alleged "rogue trader" blamed by Societe Generale for 4.9bn euros in losses, begins in Paris.Source: BBC News | Business | World Edition | 8 Jun 2010 | 4:11 am Fiscal worries pull rug from under timid rallyGlobal Markets Overview: Stocks rise and the euro is higher after Ben Bernanke, chairman of the US Federal Reserve, made soothing comments about the eurozone’s debt woesSource: Financial Times - US homepage | 8 Jun 2010 | 4:10 am Stocks set to bounce off 7-month lowsU.S. stocks were ready to bounce up from 7-month lows at Tuesday's open as investors seemed ready to take a breather from their worrying about global economic conditions.Source: Business and financial news - CNNMoney.com | 8 Jun 2010 | 4:10 am Airline Customer Satisfaction Up First Time In Three YearsA new survey from JD Power shows that consumer satisfaction with airlines in North America rose for the first time in three years. Almost 12,000 people responded to the poll which was done between April 2009 and April of this year. The survey covered 11 carriers. Satisfaction was based on fare and fees, flight crew, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Jun 2010 | 4:09 am London Markets: FTSE down, Fitch flags "formidable" challengeBritish assets decline Tuesday after ratings agency Fitch says that the country faces a “formidable" challenge to get its finances in order.
Source: MarketWatch.com - Top Stories | 8 Jun 2010 | 4:09 am Fitch warns of 'formidable' U.K. fiscal challengeBritain faces a “formidable” challenge in putting its public finances in order, Fitch Ratings said Tuesday, urging the country’s new government to speed up deficit cuts.
Source: MarketWatch.com - Top Stories | 8 Jun 2010 | 4:05 am Hayward moves into White House firing lineBarack Obama has launched a scathing attack on comments made by BP chief executive, Tony Hayward, which seemed to minimise the impact of the Gulf of Mexico oil spill on the environmentSource: Financial Times - US homepage | 8 Jun 2010 | 4:04 am EU mobile charges cap is legalA cap on European mobile phone charges will stay in place after a legal challenge by major phone giants against the EU failed.Source: BBC News | Business | World Edition | 8 Jun 2010 | 4:03 am Obama 'would sack' BP's HaywardUS President Barack Obama sharpens his criticism of BP chief executive Tony Hayward over the massive Gulf of Mexico oil spill.Source: BBC News | Business | World Edition | 8 Jun 2010 | 3:58 am Philip Clarke: the new man at the top of TescoPhilip Clarke will be taking the helm at Tesco following chief executive Sir Terry Leahy's surprise decision to step down.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Jun 2010 | 3:57 am Leahy to step down as Tesco chiefSir Terry is to retire in March 2011 as head of the UK’s biggest supermarket groups at the age of 55, after orchestrating its growth for 14 yearsSource: Financial Times - US homepage | 8 Jun 2010 | 3:56 am Tesco chief Terry Leahy to retireTesco announces that chief executive Sir Terry Leahy will retire from the supermarket next March after 14 years at the helm.Source: BBC News | Business | World Edition | 8 Jun 2010 | 3:55 am The IMF Looks For An Illusive UnityThe IMF released it white paper on Euro-area policy on June 7. The document pushed the need for growth more than the need for austerity. There were road maps for each approach, but there are, as many economists have pointed out, largely contradictory goals. Stimulus means government spending which leads to greater deficits.The IMF analysis [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Jun 2010 | 3:53 am EU deal on tougher economic scrutinyEuropean Union finance ministers will agree tough new intervention powers for EU officials if member states’ economic statistics are suspected to be flawedSource: Financial Times - US homepage | 8 Jun 2010 | 3:44 am Stock futures pare gains as Europe shares sag (Reuters)
Source: Yahoo! News: Stock Markets News | 8 Jun 2010 | 3:43 am Stock futures pare gains as Europe shares sagPARIS (Reuters) - Stock index futures pared early gains on Tuesday, pointing to a mixed open as lingering fears over Europe's debt crisis hit the region's stocks and eclipsed soothing comments from Fed Chairman Ben Bernanke.
Source: Reuters: Business News | 8 Jun 2010 | 3:43 am Bidding war for Chloride looms after ABB dealSwedish-Swiss engineering giant ABB on Tuesday says it’s struck a deal to buy Chloride Group Plc for roughly 864 million pounds ($1.2 billion) in cash, potentially triggering a bidding war with Emerson Electric Co.
Source: MarketWatch.com - Top Stories | 8 Jun 2010 | 3:43 am EU supports more budget scrutinyEU finance ministers move closer to allowing other nations to study their budgets before they're seen by national parliaments.Source: BBC News | Business | World Edition | 8 Jun 2010 | 3:37 am Spaniards fight austerity movesSpanish public sector workers launch their first major strike in protest at austerity measures including a 5% cut in pay.Source: BBC News | Business | World Edition | 8 Jun 2010 | 3:35 am EU thrashes out ways to tighten spending oversight (AP)AP - The European Union on Tuesday thrashed out ways to toughen oversight of how governments run their economies in a bid to regain credibility with markets and prevent a repeat of the debt crisis afflicting the region.Source: Yahoo! News: Business News | 8 Jun 2010 | 3:34 am Swiss-U.S. deal on UBS delayed by lower house voteBERNE (Reuters) - Switzerland's delivery of UBS client data to U.S. tax officials has been delayed after the Swiss lower house rejected the Swiss-U.S. deal to solve a tax row, triggering a new parliamentary debate.
Source: Reuters: Business News | 8 Jun 2010 | 3:27 am Swiss lawmakers reject deal with US in UBS tax row (AP)AP - The Swiss government suffered a severe blow Tuesday as nationalist and left-wing lawmakers blocked a treaty with the United States that would have allowed UBS to hand over files on thousands of its clients to U.S. tax authorities.Source: Yahoo! News: Business News | 8 Jun 2010 | 3:26 am Asian stocks arrest declines, clinch modest gainsMost Asian markets arrested sharp recent declines to clinch modest gains Tuesday as investors looked for bargains in selective stocks in the resource and exporting industries.
Source: MarketWatch.com - Top Stories | 8 Jun 2010 | 3:26 am Apple shows off redesigned iPhoneApple boss Steve Jobs unveils a redesign of the firm's popular iPhone handset at an event in San Francisco.Source: BBC News | Business | World Edition | 8 Jun 2010 | 3:21 am Europe Markets: European shares pull back from early gainsEuropean shares declined on Tuesday, pulling back from early gains, with banks under pressure and Tesco and Munich Re trading with losses.
Source: MarketWatch.com - Top Stories | 8 Jun 2010 | 3:16 am The BP Oil Capture’s Fuzzy MathBP plc’s (NYSE: BP) shares rallied on news that it captured 10,000 barrels of oil leaking from the wreckage of the Deepwater Horizon. It claims the amount could move as high as 20,000 barrels. BP’s math says that at 20,000 barrels, it will be diverting 80% of the crude which would otherwise spill into the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Jun 2010 | 3:15 am Obama pitching seniors on health bill (AP)
Source: Yahoo! News: Business News | 8 Jun 2010 | 3:11 am Kuwait minister says current oil price acceptable (AFP)
Source: Yahoo! News: Business News | 8 Jun 2010 | 3:07 am Trader Kerviel faces trial over SocGen lossesJerome Kerviel, the alleged rogue trader who bet 50 billion euros ($59.9 billion) on European stock markets, goes on trial Tuesday in Paris, where he will claim that his former employer, Societe Generale, knew about the trades he made and the risks he took.
Source: MarketWatch.com - Top Stories | 8 Jun 2010 | 3:02 am 7 Ways to Cut Moving Costs (Deal of the Day)Get your stuff from Point A to Point B without spending a fortune.
Source: SmartMoney.com | 8 Jun 2010 | 3:01 am LPL Financial: The Giant Behind Your BrokerFast-growing LPL keeps a low profile but wields a lot of clout with advisers.
Source: SmartMoney.com | 8 Jun 2010 | 3:01 am Texas Instruments Smartens UpTI plans to expand its smart-chip business at twice the rate of rivals.
Source: SmartMoney.com | 8 Jun 2010 | 3:01 am 3 European Stocks at Extreme Discounts (Screens)Hough: These shares have reached a value threshold; expect gains to follow.
Source: SmartMoney.com | 8 Jun 2010 | 3:01 am Funds That Do Best When Managers Buy In (Fund Insider)The more a portfolio manager invests in a stock fund, the better -- for you.
Source: SmartMoney.com | 8 Jun 2010 | 3:01 am Swiss lower house rejects UBS dealThe Swiss lower house has rejected a Swiss-US deal to solve a tax dispute over UBS, a move that triggers a new parliamentary debate and delays Switzerland’s delivery of the bank’s client data to US tax officialsSource: Financial Times - US homepage | 8 Jun 2010 | 2:57 am A Pause In Apple’s Creativity“A strong wind cannot blow all day”–Lao Tzu Apple Inc’s (NASDAQ: AAPL) sold off yesterday after Steve Jobs introduced the new iPhone, the fourth generation of the product. The market did not seem to think its new features were impressive.Jobs said the phone would allow for video chat, be smaller than its predecessors, and have [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Jun 2010 | 2:55 am Lawmakers: Tylenol maker misses deadlineJohnson & Johnson, whose drugmaking unit McNeil PPC, is already under government investigation over a string of drug recalls, failed to meet a Monday deadline set by Congress to deliver documents pertaining to what lawmakers cite as an alleged surreptitious recall last year of close to 90,000 Motrin tablets.Source: Business and financial news - CNNMoney.com | 8 Jun 2010 | 2:45 am Rethinking the risk of stocksJust when you thought it was safe to go back into the water again, stocks surged some 75% from their March 2009 lows to the end of April -- boom! The market started going haywire, plummeting 12% from the beginning of May through yesterday's close.Source: Business and financial news - CNNMoney.com | 8 Jun 2010 | 2:41 am Bernanke: Recovery continues but 'won't feel terrific'Federal Reserve Chairman Ben Bernanke says he expects a continuing economic recovery - "but it won't feel terrific."Source: Business and financial news - CNNMoney.com | 8 Jun 2010 | 2:38 am Striking BA cabin crew meet MPsBritish Airways cabin crew will talk to MPs later as the airline's boss Willie Walsh says he will not back down.Source: BBC News | Business | World Edition | 8 Jun 2010 | 2:34 am Tesco CEO Leahy to step down in MarchU.K. supermarket giant Tesco says CEO Terry Leahy will retire in March.
Source: MarketWatch.com - Top Stories | 8 Jun 2010 | 2:29 am Bosses more bullish on hiringFor the third straight quarter, more U.S. employers said that they will add jobs instead of cut them, according to a survey released Tuesday.Source: Business and financial news - CNNMoney.com | 8 Jun 2010 | 2:22 am Ford adds Google Maps to Sync featuresFord Motor Co., not to be outdone by rival General Motors Co. in the high-tech arms race, will use Google Maps to enhance the in-car experience for its customers.
Source: MarketWatch.com - Top Stories | 8 Jun 2010 | 2:21 am World shares higher after Fed chief remarksWorld stock markets were mostly higher Tuesday after Federal Reserve Chairman Ben Bernanke indicated the U.S. economy was still on the mend and the European common currency stabilized afterSource: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 2:13 am World shares higher after Fed chief remarks (AP)
Source: Yahoo! News: Business News | 8 Jun 2010 | 2:13 am World shares higher after Fed chief remarks (AP)
Source: Yahoo! News: Stock Markets News | 8 Jun 2010 | 2:13 am Euro, global markets rise as investor panic abatesEurope's main stock markets rebounded slightly at the start of trading on Tuesday, with London's FTSE 100 index rising 0.14pc to stand at 5,076.06 points.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Jun 2010 | 2:09 am Strikes in Spain, protesting cuts, get underwayA 24-hour strike called by Spain’s biggest trade unions got underway on Tuesday, with more than 2.5 million public-sector workers expected to take to the streets across the country.
Source: MarketWatch.com - Top Stories | 8 Jun 2010 | 2:05 am Oil rises above $72 after Bernanke commentsOil prices rose above $72 a barrel Tuesday in Asia after Federal Reserve Chairman Ben Bernanke said he's hopeful the world's No. 1 economy won't fall back into a "double dip" recession. ...Source: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 2:01 am Rock, roll, risottoFrom mosh pit to posh pit as festivals go upmarketSource: BBC News | Business | World Edition | 8 Jun 2010 | 1:56 am WH Smith sales hit by ash cloud travel disruptionWH Smith has posted a fall in third-quarter sales as travel disruption due to the Icelandic volcanic ash cloud impacted the retailer's airport business.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Jun 2010 | 1:56 am Media Digest 6/8/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: Bernanke said Europe is committed to keeping the euro as currency. Reuters: Congress has begun the final stage of financial reform legislation. Reuters: Apple Inc. (NASDAQ: AAPL) introduced the new iPhone. Reuters: Foxconn confirmed that it increased wages for factory workers.Reuters: China said it would continue with a government-regulated Internet. Reuters: Wells Fargo (NYSE: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Jun 2010 | 1:53 am New strike breaks out at Honda supplier in ChinaHONG KONG/TOKYO (Reuters) - A new strike has broken out at a factory producing exhaust systems for Honda Motor's Chinese car factories, just days after a strike at another Honda supplier in the same city was settled.
Source: Reuters: Business News | 8 Jun 2010 | 1:45 am iPhone maker Foxconn seeks price hikes to offset wagesTAIPEI/HONG KONG (Reuters) - iPhone maker Foxconn International Holdings said it will seek higher prices from its clients to help offset wage hikes at a plant in southern China that has been hit by a series of suicides.
Source: Reuters: Business News | 8 Jun 2010 | 1:34 am FTSE 100 rebounds at open (AFP)
Source: Yahoo! News: Stock Markets News | 8 Jun 2010 | 1:28 am Rockhopper plans £48.5m share placing after Falklands oil findBritish oil explorer Rockhopper said it will raise £48.5m in a fully-underwritten placing to help it exploit larger-than-expected reserves at its Sea Lion well in the Falklands.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Jun 2010 | 1:23 am Obama renews health care bill pitch to elderlyPresident Barack Obama is turning his attention back to the massive health care bill he signed earlier this year, and trying to win over the most skeptical constituency: seniors. Obama...Source: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 1:23 am Fickle oil slick scatters its threats across Gulf (AP)
Source: Yahoo! News: Business News | 8 Jun 2010 | 1:15 am Officials investigate deadly Texas gas explosionAuthorities are investigating a natural gas explosion in rural north Texas that killed one utility worker. Officials are trying to find out how a utility crew hit a large natural gas...Source: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 1:11 am Japan bank lending in biggest annual fall in 5 yearsTOKYO (Reuters) - Japanese bank lending marked its biggest annual fall in nearly five years in May, falling 2 percent as companies remained wary of boosting capital spending even as the economy recovers and the central bank keeps monetary policy loose.
Source: Reuters: Business News | 8 Jun 2010 | 1:07 am Obama talks tough on spill; keisters in perilPresident Barack Obama says his talks with Gulf fishermen and oil spill experts are not an academic exercise. They're "so I know whose ass to kick." One target for the presidential foot:Source: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 1:06 am Obama pitching seniors on health billPresident Barack Obama is turning his attention back to the massive health care bill he signed earlier this year, and trying to win over the most skeptical constituency: seniors. Obama...Source: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 1:05 am Tesco chief executive Sir Terry Leahy to retireSir Terry Leahy, the chief executive of Tesco, is stepping down after more than a decade spent turning the group into Britain's biggest supermarket.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Jun 2010 | 1:02 am Lawmakers crack down on prepaid cells, cite terrorTwo lawmakers say it's time for prepaid cell phone users to identify themselves. New York Democratic Sen. Chuck Schumer (SHOO'-mur) and Texas Republican Sen. John Cornyn (KOHR'-nihn)...Source: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 1:01 am Countrywide customers to be repaid $108 million for overchargesBank of America agrees to create a fund to reimburse homeowners who were assessed improper fees, the FTC announces.People struggling to keep their homes as the housing market collapsed faced additional hurdles if their mortgages were serviced by Countrywide Financial Corp. — inflated fees for property inspections, appraisals and even lawn mowing, the Federal Trade Commission said.
Source: L.A. Times - Business | 8 Jun 2010 | 1:00 am Southern California sports teams are hit by sharp drop in revenueProfessional organizations and colleges generated $4.2 billion last year, down 18% from $5.1 billion in 2007, according to a study.Despite an NBA championship and other major sporting events last year, professional and amateur sports organizations in Southern California have been stung by the recession.
Source: L.A. Times - Business | 8 Jun 2010 | 1:00 am Technicolor shows its creative sideThe longtime film processing firm is venturing into the highly competitive business of making animated TV series. For its first project, it's teaming with Pulitzer-winning cartoonist Berkeley Breathed on 'Pete & Pickles.'The whimsical children's book "Pete & Pickles" tells the story of an unlikely friendship between two mismatched characters: a free-spirited circus elephant and a strait-laced pig.
Source: L.A. Times - Business | 8 Jun 2010 | 1:00 am Steve Jobs unveils iPhone 4 — and its video calling featureApple's new phone has two cameras, one of which can take HD video, and a higher-resolution display. 'I grew up with "The Jetsons" and "Star Trek," just dreaming about video calls," Jobs says.Seeking to keep its edge in the smart phone market in the face of new competition, Apple Inc. on Monday unveiled its latest iPhone, equipped with mini cameras on front and back to allow for video calls.
Source: L.A. Times - Business | 8 Jun 2010 | 1:00 am Countrywide customers to be repaid $108 million for overchargesBank of America agrees to create a fund to reimburse homeowners who were assessed improper fees, the FTC announces. ...Source: RSS feed - channel BNPaperBusiness | 8 Jun 2010 | 1:00 am Report forecasts airlines will turn a profit in 2010Months after predicting a loss, the International Air Transport Assn. projects $2.5 billion in net earnings for the industry worldwide this year.After an almost two-year financial nose dive, the global airline industry appears ready to soar again.
Source: L.A. Times - Business | 8 Jun 2010 | 1:00 am Chrysler recalls almost 700,000 Jeeps and minivansThe vehicles have brake or wiring problems, the automaker and regulators say. The action involves 2006 to 2010 Jeep Wranglers and 2008 to 2009 Dodge Grand Caravan and Chrysler Town & Country minivans.Chrysler is recalling almost 600,000 minivans and Jeep Wranglers in the United States and an additional 100,000 elsewhere because of brake or wiring problems that could create safety issues, the company and federal regulators said Monday.
Source: L.A. Times - Business | 8 Jun 2010 | 1:00 am Goldman Sachs stonewalling, federal panel saysThe Financial Crisis Inquiry Commission subpoenas the firm, demanding information about its role during the mortgage meltdown and credit crunch. ...Source: RSS feed - channel BNPaperBusiness | 8 Jun 2010 | 1:00 am Is your job making you fat?CareerBuilder survey finds 44% of workers have gained weight in their current jobs. This may not feel like a time...Source: RSS feed - channel BNPaperBusiness | 8 Jun 2010 | 1:00 am Hundreds of electric vehicle charging stations planned for CaliforniaCoulomb Technologies plans to install 4,600 stations for free around the country, and California is slated to get about a third of them. ...Source: RSS feed - channel BNPaperBusiness | 8 Jun 2010 | 1:00 am Connecticut demands details of Google Wi-Fi data collectionAtty. Gen. Richard Blumenthal wants to know what information was captured by the vehicles that take photos for Google's Street View service and how that information was used. ...Source: RSS feed - channel BNPaperBusiness | 8 Jun 2010 | 1:00 am Comcast-Universal merger attackedAt a congressional field hearing, critics compare the cable provider to a plantation and warn of the need for oversight. One representative hints the company tried to buy her support. ...Source: RSS feed - channel BNPaperBusiness | 8 Jun 2010 | 1:00 am Report forecasts airlines will turn a profit in 2010Months after predicting a loss, the International Air Transport Assn. projects $2.5 billion in net earnings for the industry worldwide this year. ...Source: RSS feed - channel BNPaperBusiness | 8 Jun 2010 | 1:00 am California gasoline prices rise, bucking national trendU.S. average for a gallon of regular falls a fraction of a cent from the previous week, but in California the average jumps 4.4 cents. ...Source: RSS feed - channel BNPaperBusiness | 8 Jun 2010 | 1:00 am Goldman Sachs stonewalling, federal panel saysThe Financial Crisis Inquiry Commission subpoenas the firm, demanding information about its role during the mortgage meltdown and credit crunch.Goldman Sachs Group Inc., already under fire for its actions leading up to the financial crisis, came under attack from a federal commission that accused it of refusing to divulge information, including documents detailing its controversial bets on the mortgage market.
Source: L.A. Times - Business | 8 Jun 2010 | 1:00 am California gasoline prices rise, bucking national trendU.S. average for a gallon of regular falls a fraction of a cent from the previous week, but in California the average jumps 4.4 cents.Retail gasoline prices dropped nationally over the last week and crude prices fell on Monday because of concerns that the European debt crisis is spreading and will dampen demand for energy products. A strong U.S. dollar also weakened investor interest in putting money in oil, analysts said.
Source: L.A. Times - Business | 8 Jun 2010 | 1:00 am Comcast-Universal merger attackedAt a congressional field hearing, critics compare the cable provider to a plantation and warn of the need for oversight. One representative hints the company tried to buy her support.One critic likened cable TV giant Comcast Corp. to a plantation, while another pointed to the BP oil spill disaster as what could happen when companies escape tough regulatory scrutiny. Then an influential congresswoman dropped a bomb by hinting that Comcast had tried to buy her support for one of the biggest media deals in history.
Source: L.A. Times - Business | 8 Jun 2010 | 1:00 am Hundreds of electric vehicle charging stations planned for CaliforniaCoulomb Technologies plans to install 4,600 stations for free around the country, and California is slated to get about a third of them.California will receive about a third of the 4,600 electric vehicle charging stations that Coulomb Technologies plans to install for free around the country.
Source: L.A. Times - Business | 8 Jun 2010 | 1:00 am Steve Jobs unveils iPhone 4 — and its video calling featureApple's new phone has two cameras, one of which can take HD video, and a higher-resolution display. 'I grew up with "The Jetsons" and "Star Trek," just dreaming about video calls," Jobs says. ...Source: RSS feed - channel BNPaperBusiness | 8 Jun 2010 | 1:00 am Chrysler recalls almost 700,000 Jeeps and minivansThe vehicles have brake or wiring problems, the automaker and regulators say. The action involves 2006 to 2010 Jeep Wranglers and 2008 to 2009 Dodge Grand Caravan and Chrysler Town & Country minivans...Source: RSS feed - channel BNPaperBusiness | 8 Jun 2010 | 1:00 am Hungary government likely ditches pension fund move: report (Reuters)Reuters - Hungary's government has likely abandoned the idea of channeling private pension funds into the state budget as a form of raising extra revenues due to opposition from the IMF and EU, news portal Index said on Tuesday.Source: Yahoo! News: Business News | 8 Jun 2010 | 12:57 am Business Bullet: US, Brics, SocGen, WH SmithThe latest news on: US, Brics, SocGen, WH SmithSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Jun 2010 | 12:56 am UPDATE 1-Northern Petroleum sees output rising this yearLONDON, June 8 (Reuters) - Northern Petroleum said it expects its production rate to rise about 33 percent this year helped by the first output from a further two gas fields in the Netherlands.Source: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 12:56 am UPDATE 1-Roche wins wider EU label for arthritis drugZURICH, June 8 (Reuters) - Roche said on Tuesday the European Commission had extended the label for its drug Roactemra to reduce the rate of progression of joint damage and improve physical function in...Source: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 12:50 am NZ shares hit 10-month lowTelecom struck another record low, and the New Zealand sharemarket hit a 10-month low today as it failed to shake off the effect of heavy losses on Wall Street.The benchmark NZX-50 index closed down 1.4 per cent, or 41.16 points,...Source: nzherald.co.nz - Business | 8 Jun 2010 | 12:48 am UPDATE 1-Rockhopper to raise funds for Falklands exploration* To raise 48.5 mln stg via placing at 280 pence per shareSource: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 12:48 am ABB to buy Chloride for £860mABB, the world's largest supplier of power grids, has agreed to buy Chloride Group for £860m.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Jun 2010 | 12:42 am Euro, Asian markets rise as investor panic abatesAsian markets staged a slight rebound on Tuesday as dealers picked up bargains from the previous session's heavy losses.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Jun 2010 | 11:59 pm Dollar recovers above US66c ahead of rate callThe New Zealand dollar recovered today from a fortnight low against the US dollar, rebounding above the key US66c level by the end of domestic trading.By 5pm, the kiwi was at US66.34c, US2c below its level before Queen's Birthday...Source: nzherald.co.nz - Business | 7 Jun 2010 | 11:43 pm Strike halts Hyundai's India production (AP)
Source: Yahoo! News: Business News | 7 Jun 2010 | 11:38 pm Employers' hiring plans almost flat: ManpowerEmployers’ hiring plans for the upcoming third quarter stay almost flat from the previous quarter, with a seasonally adjusted net 6% of firms saying they intend to hire, up from 5% in the second quarter, according to the latest Manpower Employment Outlook survey.
Source: MarketWatch.com - Top Stories | 7 Jun 2010 | 11:30 pm Kan fills out new Japanese cabinetNaoto Kan, Japan’s new prime minister, unveiled a new cabinet that included eleven ministers from the previous administration of Yukio Hatoyama, in a move that emphasised stability over sweeping changeSource: Financial Times - US homepage | 7 Jun 2010 | 11:11 pm Consumers not ready to spend yetThe global economic recovery is gaining momentum, but consumers are not ready to loosen their purse strings yet, Treasury data shows.Treasury is forecasting GDP economic growth of 0.8 per cent for the March quarter, in line with...Source: nzherald.co.nz - Business | 7 Jun 2010 | 11:02 pm Manpower says global hiring prospects improveNEW YORK (Reuters) - Employers in most economies are more likely to add workers than three months ago, including those in the United States, but big gains are limited to booming emerging economies like Brazil, India and China, according to a quarterly survey by Manpower Inc .
Source: Reuters: Business News | 7 Jun 2010 | 10:06 pm The brilliant lessons of McDonald's recallIn Shrek Forever After, America's favorite green ogre gives up a day to get one, and then regrets his choice. Perhaps McDonald's -- now facing a $15 million recall of Shrek drinking glasses tainted with a toxic metal -- wishes it had that option as well.Source: Business and financial news - CNNMoney.com | 7 Jun 2010 | 9:15 pm Bernanke sees US recovery gaining tractionWASHINGTON - Federal Reserve Chairman Ben Bernanke said today he is hopeful the economy will gain traction and not fall back into a "double dip" recession."My best guess is we'll have a continued recovery, but it won't feel terrific,"...Source: nzherald.co.nz - Business | 7 Jun 2010 | 9:00 pm DNZ Property Fund to raise $35m from shareholdersDNZ Property Fund, which abandoned plans last year to list on the New Zealand stock exchange, is planning a $35 million capital raising after agreeing to buy out the management contract from DNZ Management.On Friday, the board...Source: nzherald.co.nz - Business | 7 Jun 2010 | 8:30 pm Manufacturing sales volume falls but values upThe volume of manufacturing sales fell a seasonally adjusted 2.7 per cent in the March quarter, dropping to its lowest point in almost 10 years, mainly due to a fall in meat and dairy sales.Despite the drop in volume, manufacturing...Source: nzherald.co.nz - Business | 7 Jun 2010 | 8:00 pm Sharemarket recovering ground slightly after 2pc early plungeThe New Zealand sharemarket plunged in early trading, losing nearly 2 per cent in the first 15 minutes after opening.Around 10.15am the benchmark NZX-50 index was down 58.72 points, or 1.9 per cent, to 2971.42, as it caught up...Source: nzherald.co.nz - Business | 7 Jun 2010 | 8:00 pm Bernanke says Europe committed to euro's survivalWASHINGTON (Reuters) - European leaders are committed to ensuring the survival of the euro and have enough money to meet obligations of heavily indebted member countries, Federal Reserve Chairman Ben Bernanke said on Monday.
Source: Reuters: Business News | 7 Jun 2010 | 7:39 pm Residential building work picks upResidential building work has picked up for the second quarter, but is still well below the peak of the market in September 2007, latest figures show.The volume of residential building activity increased 2 per cent during the...Source: nzherald.co.nz - Business | 7 Jun 2010 | 7:30 pm Councils 'pricing Auckland out of market'Not enough houses are being built in Auckland and families are being forced to squeeze up because land is too expensive, an economist says.Rodney Dickens of Orewa said many young couples now had to live with parents. People had...Source: nzherald.co.nz - Business | 7 Jun 2010 | 7:30 pm The 24/7 Wall St. Fifty Least Trustworthy Companies in America24/7 Wall St., working together with independent research firm Audit Integrity, has compiled a list of the companies with the least transparent governance and accounting practices. The list is based on publicly available information updated for the year ending 12/31/2009. Shares of all the companies on this list are publicly traded on U.S. stock exchanges. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Jun 2010 | 7:15 pm Goldman subpoenaed by financial crisis commissionNEW YORK (Reuters) - Goldman Sachs Group's U.S. government ties suffered a fresh blow on Monday, as a commission probing the financial crisis subpoenaed the bank, claiming the firm had flooded the panel with 2.5 billion pages of records.
Source: Reuters: Business News | 7 Jun 2010 | 6:53 pm Apple unveils iPhone 4 to fend off GoogleSAN FRANCISCO (Reuters) - Apple Inc unveiled a new iPhone on Monday that goes on sale in scores of countries this year, preparing its fastest-ever global roll-out to try and stay a step ahead of rivals like Google Inc in a red-hot smartphone market.
Source: Reuters: Business News | 7 Jun 2010 | 6:53 pm BA to stand firm against cabin crew for 'as long as it takes'The chief executive of British Airways has upped the stakes in his battle with cabin crew by saying the airline will hold out against strikers for "as long as it takes".Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Jun 2010 | 6:47 pm BP suffers $1bn setback in Siberia$The political storm engulfing BP intensified yesterday as the group came under renewed pressure on its Russian front. Source: Latest Business News from Times Online | 7 Jun 2010 | 6:01 pm Goldman ordered to hand over documentsA committee investigating the causes of the financial crisis yesterday subpoenaed Goldman Sachs for information, accusing the bank of attempting to obstruct the investigation by withholding documents and interviews. Source: Latest Business News from Times Online | 7 Jun 2010 | 6:01 pm Hambro mining to list its iron ore divisionPeter Hambro’s mining company is planning a $1 billion listing of its iron ore division in Hong Kong. An announcement is expected within weeks as the company, renamed Petropavlovsk last year, concentrates on its core gold operations in Russia.$ Source: Latest Business News from Times Online | 7 Jun 2010 | 6:01 pm iPhone brings Star Trek to the modern worldApple has placed video calling at the centre of its new iPhone, which it considers to be its biggest upgrade since the handset was launched in 2007. Source: Latest Business News from Times Online | 7 Jun 2010 | 6:01 pm Airlines are on course for return to profitAsia and the Americas will haul the airline sector back into profit this year, confounding forecasts of a third straight year of multibillion-pound losses, industry leaders said yesterday. Source: Latest Business News from Times Online | 7 Jun 2010 | 6:01 pm Westland pitches Merlin into helicopter battleAgustaWestland is to join Boeing in a multibillion-dollar competition to supply a fleet of helicopters for President Obama. Source: Latest Business News from Times Online | 7 Jun 2010 | 6:01 pm Ocado sell-off: Doorstep share deliveryIn its eight years of operation Ocado has offered customers toys, toileteries and fresh flowers as well as food. Yesterday, it offered them shares. Ocado wrote to inform them that, if it chooses to float this summer, they would get a slice of the action. Source: Latest Business News from Times Online | 7 Jun 2010 | 6:01 pm Watershed for the cheap and cheerless cultureTwo weeks ago, the 300,000 workers at the Foxconn electronics factory in Shenzhen were earning a salary of about £90 a month. Now they take home about £120. By October, the company said yesterday, many will be making closer to £180. Source: Latest Business News from Times Online | 7 Jun 2010 | 6:01 pm Business Big Shot: Robin Monro-DaviesAge 69 Source: Latest Business News from Times Online | 7 Jun 2010 | 6:01 pm Iceland enjoys chill wind blowing down the high streetThe collapse of Woolworths helped Iceland Foods to a 19 per cent rise in profits. The pre-tax figure at the privately owned supermarket reached £135.4 million in the year to March 26, compared with £113.4 million a year earlier. Source: Latest Business News from Times Online | 7 Jun 2010 | 6:01 pm May Wang court date delayWestpac's application to bankrupt the woman fronting a $1.5 billion bid to buy up New Zealand's biggest dairy operation has been adjourned to next week.May Wang is due back in the Auckland High Court on June 15, to give creditors...Source: nzherald.co.nz - Business | 7 Jun 2010 | 5:55 pm Goldman Sachs gets subpoenaedA panel exploring the causes of the financial crisis subpoenaed Goldman Sachs Monday, after the banking giant failed to submit information in a timely manner.Source: Business and financial news - CNNMoney.com | 7 Jun 2010 | 5:32 pm Summary Box: Stocks post another last-hour slide (AP)AP - LATE RERUN: Stocks again fell in the last hour of trading Monday as they had Friday. The Dow Jones industrials fell 115 points to a seven-month low. The Dow is down 439 points in two days.Source: Yahoo! News: Stock Markets News | 7 Jun 2010 | 4:47 pm Euro ministers add final stitch to debt safety net (Reuters)
Source: Yahoo! News: Business News | 7 Jun 2010 | 4:47 pm Late slide: Stocks fall in last hour, Dow down 115 (AP)
Source: Yahoo! News: Stock Markets News | 7 Jun 2010 | 4:39 pm Apple unveils fourth-generation iPhoneSteve Jobs, Apple chief executive, unveiled the fourth-generation iPhone at a conference for programmers on Monday, touting the long-expected gadget’s ability to handle multiple tasks at onceSource: Financial Times - US homepage | 7 Jun 2010 | 4:37 pm BP buys oil spill search terms on Google, YahooAs BP continues to try to stop the oil gushing into the Gulf of Mexico, the energy giant is also dealing with a public relations nightmare.Source: Business and financial news - CNNMoney.com | 7 Jun 2010 | 4:37 pm Write-Offs: 06.07.10
$$$ Morgan Stanley to shutter 300 offices, slash up to 1,200 jobs [FBN] $$$ Goldman Sachs Deserves Scrutiny by Regulators in Bloomberg Subscriber Poll [Bloomberg] $$$ BofA to Pay $108 Million in FTC Case [WSJ] 
 Source: Dealbreaker | 7 Jun 2010 | 4:35 pm Goldman Sachs accused of disrupting FCIC's probe into financial crisisBank "deliberately and disruptively" refused to work with US financial crisis inquiry after indundating the panel with documents, it is claimed.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 7 Jun 2010 | 4:29 pm CA-CANADA Summary (Reuters)Reuters - Public support for the ruling Conservatives is dropping amid controversy over how much a pair of big international summits will cost, and the party might not win a viable minority government if an election were held now, according to a poll released on Monday.Source: Yahoo! News: Stock Markets News | 7 Jun 2010 | 4:08 pm How the major stock indexes fared on Monday (AP)AP - Stocks fell to their lowest level in seven months Monday after traders couldn't shake fears that Europe's economic problems will derail a global recovery. The Dow Jones industrial average fell to its lowest close since November. The Dow lost 323 Friday, also in a late-day slide, after the government's May jobs report fell short of expectations.Source: Yahoo! News: Stock Markets News | 7 Jun 2010 | 3:58 pm Apple unveils iPhone 4Apple CEO Steve Jobs unveiled the new iPhone Monday at the company's annual Worldwide Developers Conference in San Francisco.Source: Business and financial news - CNNMoney.com | 7 Jun 2010 | 3:53 pm Gulf spill widows: Don't stop drillingThe widows of two men killed on the Deepwater Horizon drill rig urged lawmakers Monday to allow drilling in the Gulf of Mexico to continue, saying the oil industry is a major source of income for families in the region.Source: Business and financial news - CNNMoney.com | 7 Jun 2010 | 3:53 pm Final act begins in Congress on Wall Street reformWASHINGTON (Reuters) - Negotiators from the Senate and House will begin meeting this week to craft a final Wall Street reform bill, with banks facing changes that threaten their profits, if not their business models.
Source: Reuters: Business News | 7 Jun 2010 | 3:46 pm Consumer borrowing up slightly in April (AP)AP - Consumer borrowing increased slightly in April, a sign that Americans may have more faith in the economic recovery.Source: Yahoo! News: Business News | 7 Jun 2010 | 3:43 pm A list of the worst drinks in AmericaBeverages now make up nearly 25 percent of the average American's daily caloric intake. And deciding what you should drink has become more complex because of the number of beverage choices out there. Here's a list of some of the worst-offending beverages.Source: Marketplace | 7 Jun 2010 | 3:42 pm Layoffs Watch ‘10: UBS
Source: Dealbreaker | 7 Jun 2010 | 3:28 pm Goldman accused of hindering crisis probeThe US Financial Crisis Inquiry Commission accused Goldman Sachs of an “abysmal” response to requests for information and said it had issued a subpoena to compel the bank to provide documents and executives for interviewsSource: Financial Times - US homepage | 7 Jun 2010 | 3:25 pm Ford, China’s Consumers, U.S. Energy Policy: Taking StockSource: Bloomberg - All Podcasts | 7 Jun 2010 | 3:11 pm A123 Continues Pact Announcements (AONE, NAV, FDX, PG, GE, ETN, DAI)Alternative energy is continuing to win new deals. A123 Systems Inc. (NASDAQ: AONE) will provide lithium-ion battery systems for electric vehicles. The award is from a Navistar International Corp. (NYSE: NAV) joint venture with Modec Ltd. in the United Kingdom. This is certainly not A123′s first pony show for battery announcements and was part of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Jun 2010 | 3:09 pm Dow Finishes Below 'Flash Crash' Low (Market Update)Traders extended last week's losses as the euro remained weak.
Source: SmartMoney.com | 7 Jun 2010 | 2:50 pm Panel to Lloyd: Don’t Try to Screw With Us
Apparently, Goldman has been responding to requests for documents by flooding the panel’s 50 staffers with millions of emails and other things, which are mostly bullshit documents that aren’t relevant to the investigation. “We did not ask them to pull up a dump truck to our offices to dump a bunch of rubbish,” Angelides said on the call. “We’re not going to let the American people be played for chumps here. We should not be forced to play ‘Where’s Waldo’ on behalf of the America people.” Vice Chairman Bill Thomas also had some choice words for Lloyd Blankfein & Co. “When we had Chairman Lloyd Blankfein testifying, he said Goldman was about market-making. Now it seems like it is also about mischief-making,” Thomas said. “They may have more to cover up than maybe we thought or they told us they did,” he said when asked why the firm would delay. “We have been and continue to be committed to providing the FCIC with the information they have requested,” Goldman Sachs said in a statement. Shares of GS dropped 2.5 percent on the news.
Source: Dealbreaker | 7 Jun 2010 | 2:22 pm The Dangers of a BP Boycott Today Rather Than Tomorrow (BP)BP plc (NYSE: BP) is continuing to destroy the Gulf of Mexico even as the clean-up efforts are underway. The “Boycott BP” group is continuing to gather steam. It is understandable. … But before pulling out the executioner’s blade and going for the kill, members of these groups need to consider that a boycott today [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Jun 2010 | 1:42 pm Global stocks lower as Hungary adds to debt fears (AFP)
Source: Yahoo! News: Stock Markets News | 7 Jun 2010 | 1:35 pm Consumer Credit Up $1 Billion In April–A Rounding ErrorThe Federal Reserve announced that consumer credit rose $1 billion from March to April, a meaningless number because of its size. Total outstanding consumer credit for the month was $2.44 trillion. The figure has changed very little from the fourth quarter of last year. Courtesy of the Fed: CONSUMER CREDIT OUTSTANDING 1 Seasonally adjusted 2009 [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Jun 2010 | 1:18 pm Debrahlee Lorenzana Speaks
Presented without comment. Other than Jamie Dimon’s gonna be mad. And Jack Tuckner will haunt your dreams.
Source: Dealbreaker | 7 Jun 2010 | 1:14 pm All About the New iPhone 4
Steve Jobs unveiled the new iPhone 4 at WWDC 2010 today. Here are the highlights of this deservingly coveted new iPhone: Price and Dates The iPhone 4 costs $199 for 16GB; $299 for 32GB. You can pre-order the iPhone 4 on June 15 in the US, UK, Germany, France, and Japan. It comes out June 24. AT&T will upgrade your iPhone for the prices above if you sign a new 2-year contract. Apple will offer free iOS4 upgrades for the 3GS, 3G, and iPod touch starting June 21. Jobs kicked off his keynote by sharing some mobile statistics: -The App Store as a whole crossed five billion downloads last week. A few days ago, Apple tallied a grand total of $1 billion paid to developers. iPhone 4 design It’s 9.3mm thick, which is 24% thinner than the iPhone 3GS. Jobs called it the “thinnest smartphone on the planet.” It has a front-facing camera with flash, a microSIM, headset, and a noise cancellation mic. There are lines around the steel edge of the phone. Those are antennas integrated into the structure of the phone. New Hi-Res Retina Display One of the coolest features of the new iPhone 4 is its incredible image quality. The iPhone 4 has four times more pixel density in the same amount of space than the previous iPhone. The phone displays 326 pixels per inch, with an 800:1 contrast ratio. New Camera System The camera has a 5 megapixel sensor with an illuminated sensor on the backside. This lets more light into the sensor. There’s also a 5x digital zoom, an LED flash, and tap to focus. The camera also records HD video, 720p at 30fps. There’s built-in video editing, sharing, video illumination (with that LED flash), and tap to focus. There’s also iMovie for iPhone now, so you can edit your HD video in your phone. This cool software lets you import geolocated information, add iTunes music, create transitions, and more. It’s powered by an A4 chip. There’s a bigger battery, too, so you get 7 hours of battery life talking on the 3G network, 6 hours browsing on 3G, or 10 hours of WiFi browsing or listening to music. You can store 40 hours worth of music and 300 hours of standby. There’s also a 3-axis gyroscope, in addition to the accelerometer and GPS. You get 6-axis motion sensing. If you’re a gamer, that will make you drool. iOS4 has more than 100 new features for users. Multitasking features are prominent among new features. They also have a unified inbox, folders, more enterprise support, and more. Enterprise integration includes multiple Exchange accounts, improved data protection, and wireless app distribution. On the consumer side, Bing! is now available, as well as Microsoft search. There’s also iBooks for iPhone now. When you download an iBook to one of your devices, you can download it to your other devices for free. This looks like a Kindle-killing feature. iAds Apple will host and sell ads on its mobile devices through a program called iAds, which comes with iOS4. iAds has been running for 8 weeks now, with some major advertisers in the pipeline (Geico, AT&T, GE, and Chanel are among them). Jobs said they’ll make $60 million in ad revenues during the second half of 2010, which he estimates will be 48% of the US mobile display ad market. FaceTime–this is video calling, but on WiFi. The iPhone is also arsenic, BFR, mercury, and PVC free.
Source: Business Pundit | 7 Jun 2010 | 1:10 pm Where to Stash Your Cash Now (Consumer Action)Shaken by the market's volatility, investors look for some safer options.
Source: SmartMoney.com | 7 Jun 2010 | 12:44 pm Family Farm Exemption Discovered in Carried Interest Tax Hike
The provision appears to exempt farmers who have organized their business as investment partnerships from paying ordinary income tax on the money they take from the partnership. The new bill, of course, will treat most carried interest as income for tax purposes instead of capital gains. Private equity and VC firms say the exemption is unfair and Congress is merely cherry picking certain industries to raise taxes on.
As the Senate takes up debate on the legislation this week, lobbyists for the private equity industry plan to make an issue of the family farm exemption and VC firms may move to get an exemption of their own. Blackstone, Venture Firms Protest Tax Break for Family Farmers [Bloomberg] Earlier: Private Equity Fuming Over Carried Interest Tax Hike
Source: Dealbreaker | 7 Jun 2010 | 12:39 pm US Cost Of Euro Bailout Will Only Be $100 BillionThe costs to US taxpayers for bailing out the week Euro nations will only be $100 billion, a bit less than the price tag for salvaging GM, Bank of America Corporation (NYSE: BAC), and Citigroup (NYSE: C). Unfortunately, the American Treasury will have no chance of being paid back by the IMF as it has [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 7 Jun 2010 | 12:35 pm Prison closures put workers in a jamIn rural areas, working at a prison is often considered one of the most secure and best paying jobs. But two Colorado towns are seeing jobs evaporate as local private prisons close down. Zachary Barr reports.Source: Marketplace | 7 Jun 2010 | 12:30 pm Louisiana sees decline in oyster fishingThe first annual New Orleans Oyster Festival kicked off despite a very bleak future for many of Louisiana's fisheries. Oysters are big business down there, but the oil spill has taken a toll. David Weinberg reports.Source: Marketplace | 7 Jun 2010 | 12:30 pm What you should and shouldn't drinkDavid Zinczenko, editor-in-chief of Men's Health, talks with Kai Ryssdal about his new book, "Drink This, Not That!," and why beverages were made so fatty in the first place.Source: Marketplace | 7 Jun 2010 | 12:30 pm Newspapers watch Times' pay modelIn the next few days, readers of The Times of London will have to pay $1.50 or $3 a week to read the general interest newspaper online. Jeremy Hobson reports.Source: Marketplace | 7 Jun 2010 | 12:30 pm Will biz past help Whitman, Fiorina?Jack Pitney, professor of government at Claremont McKenna College, talks with Kai Ryssdal about how two of California's political candidates -- Meg Whitman and Carly Fiorina, both former CEOs of Fortune 500 companies -- might figure in the larger political landscape.Source: Marketplace | 7 Jun 2010 | 12:30 pm BP on the hook for billions in claimsGovernment officials met with BP to help set up an efficient way to pay people affected by the oil spill. The government's oil spill point-man, Thad Allen, said BP needs to be quicker and more regular about payments. The company's paid out nearly $50 million in claims so far. How many claims are there and who's filing? Stacey Vanek-Smith reports.Source: Marketplace | 7 Jun 2010 | 12:30 pm Outsiders strive for upsets in US primariesAccording to a CBS poll 10 days ago, only 9% of Americans think “most members of Congress deserve re-election”. More than 80 per cent want “new people”.Source: Financial Times - US homepage | 7 Jun 2010 | 12:30 pm Kotok, Ryding, Hogan, Callow: On the EconomySource: Bloomberg - All Podcasts | 7 Jun 2010 | 12:21 pm Levitt, Soss, Dixon, Peterson, McCullough: SurveillanceSource: Bloomberg - All Podcasts | 7 Jun 2010 | 12:19 pm EnPro’s Garlock, Spheris: Bloomberg Law Bankruptcy ReviewSource: Bloomberg - All Podcasts | 7 Jun 2010 | 12:19 pm Ace Greenberg Doesn’t Take Any Of The Adminstration’s Anti-Wall Street Sentiment Personally, Thinks Everyone Should Chill About Europe, Has His Reasons For Not Meeting With Jimmy Cayne
IDD: If you ran into [Cayne], what would you say to him? IDD: [America is going in the right direction] in terms of the economy? IDD: What about the problems with the euro and what they mean for our markets, the equity markets?
Source: Dealbreaker | 7 Jun 2010 | 12:05 pm Presented By:Source: Dealbreaker | 7 Jun 2010 | 12:05 pm Macquarie faces top-level exodusAustralian investment bank is in danger of losing dozens of senior bankers from its expanding North American and European operations after a second successive year of weak bonusesSource: Financial Times - US homepage | 7 Jun 2010 | 11:53 am How to Survive the Return of Volatility (Tradecraft)Hoenig: Trim some positions to avoid getting squashed.
Source: SmartMoney.com | 7 Jun 2010 | 11:43 am Chamillionaire Explains His Home Foreclosure
Chamillionaire: I Chose To Be Foreclosed On [TMZ via Daily Intel]
Source: Dealbreaker | 7 Jun 2010 | 11:31 am Bristol-Myers Raised to `Buy,' Chico's FAS Cut to `Sell': AudioSource: Bloomberg - All Podcasts | 7 Jun 2010 | 11:29 am Chile Congress Approves Rules for ETFs, Covered Bonds: AudioSource: Bloomberg - All Podcasts | 7 Jun 2010 | 11:28 am Skin cancer drug news boosts Bristol shares (Reuters)Reuters - Bristol-Myers Squibb Co's shares rose more than 8 percent on Monday after news over the weekend that its experimental drug ipilimumab extended survival in patients with deadly skin cancer.Source: Yahoo! News: Stock Markets News | 7 Jun 2010 | 11:10 am Bracelets Latest Statement Pieces For Hedge Funders Rich Enough Not To Give A F*ck
Why Businessmen Are Wearing Bracelets [FT]
Source: Dealbreaker | 7 Jun 2010 | 11:08 am A look at global economic developments (AP)AP - A look at economic developments and activity in major stock markets around the world Monday:Source: Yahoo! News: Stock Markets News | 7 Jun 2010 | 10:54 am Patricia Cohen Suffers Setback In Quest To Take Over SAC Capital
Motion To Withdraw [PDF]
Source: Dealbreaker | 7 Jun 2010 | 10:01 am 10 Things Interior Designers Won't Say (10 Things)If good taste alone isn't enough, what is? Here's a guide.
Source: SmartMoney.com | 7 Jun 2010 | 9:25 am Where to Find The Best WWDC 2010 Live Coverage
Blogs Engadget @MacRumorsLive The Huffington Post also has a neat page for streaming WWDC 2010 updates.
Source: Business Pundit | 7 Jun 2010 | 8:46 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 | 8:27 am Buik on Stocks, Waser on European Economies: First WordSource: Bloomberg - All Podcasts | 7 Jun 2010 | 7:58 am Spain’s Grifols Buys Talecris, Creating US Plasma Giant
European blood plasma giant Grifols will buy Talecris Biotherapeutics, a major US-based biopharmaceutical company, for $3.4 billion. Bloomberg Businessweek has the story: The deal gives (Spain-based) Grifols almost a third of the U.S. market for blood-based infusions, matching Baxter International Inc. and beating CSL Ltd.’s 29 percent share, said Andrew Goodsall, a health-care analyst with UBS AG in Sydney. CSL, based in Melbourne, ended its proposed $3.1 billion acquisition of Talecris a year ago following an objection by the U.S. Federal Trade Commission. Talecris was created in 2005 when Bayer AG sold its plasma business for about $590 million to New York-based Cerberus and Ampersand Ventures of Wellesley, Massachusetts. Plasma is the watery, yellow liquid that carries blood cells. Grifols, Talecris, Baxter and CSL pay healthy people to donate plasma at collection centers across the U.S., then spin it in a centrifuge to extract products such as immunoglobulins, albumin and blood-clotting proteins for treating hemophilia. “The FTC is likely to be skeptical of this deal and view the proposed deal as something that may increase industry pricing power and reduces competition,” (analysts) wrote. “To the extent the combined entities decide to cut back on expansion plans, it would result in less competition.” Talecris plans to spend as much as $800 million over the next five years to increase capacity by 43 percent, Chief Financial Officer John Hanson said May 13. The Wall St. Journal adds: In a Spanish regulatory filing, Grifols said its annual sales will rise to $2.8 billion following the purchase, 58% of which will come from North America and 28% from Europe. Apart from representing a bright spot in a private-equity industry beset by soured economies and reduced access to bank lending as a result of the financial crisis, the deal shows that even in southern Europe, market turmoil hasn’t completely killed off merger activity. Even though it is barely bigger than Talecris as measured by market value, Grifols was able to cobble together the cash needed for the deal from a group of banks, a person familiar with the matter said.
Source: Business Pundit | 7 Jun 2010 | 5:00 am Al and Tipper’s Internet Shares
Source: Business Pundit | 7 Jun 2010 | 4:02 am
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