|
|
|
|
Honda hit by strike at 2nd parts factory in China (AP)
Source: Yahoo! News: Business News | 9 Jun 2010 | 4:16 am Indications: U.S. futures lower before Bernanke, Beige BookU.S. stock futures drift lower Wednesday, with the Federal Reserve in the spotlight ahead of two speeches from Federal Reserve Chairman Ben Bernanke as well as the central bank’s anecdotal report on the economy.
Source: MarketWatch.com - Top Stories | 9 Jun 2010 | 4:05 am China Exports Up 50%: A Rumor Turns RealA rumor that China’s exports rose 50% compared to last May drove China’s markets up over 2% at the close of trading. It turns out that the numbers were accurate. According to Reuters, most experts expected the increase to be closer to 30%. The news is an indication of, among other things, the strengthening of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 9 Jun 2010 | 4:03 am Global shares gain on China export riseLONDON (Reuters) - European shares pushed higher on Wednesday, tracking gains in most Asian equity markets, as news of strong Chinese exports sparked a tentative return of risk appetite while the euro stabilized on options demand.
Source: Reuters: Business News | 9 Jun 2010 | 4:03 am Public spending cuts: Where do you think the axe should fall?George Osborne has announced he will consult the public over where public spending should be cut in order to reduce Britain's record budget deficit. Six readers tell where they think the axe should fall.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 9 Jun 2010 | 4:02 am London Markets: British shares post mild losses as oil majors dragBritish shares can't hold onto early gains on Wednesday, as losses from oil producers pull the top index into the red.
Source: MarketWatch.com - Top Stories | 9 Jun 2010 | 4:00 am Will H-P keep Palm in smart phone market?After unveiling its $1.2 billion plan to buy smart phone maker Palm Inc., Hewlett-Packard has sent somewhat confusing signals about its intentions to remain in the fast-growing but highly-competitive business.
Source: MarketWatch.com - Top Stories | 9 Jun 2010 | 4:00 am Santander pays $2.5 bln for stake in Mexico unit (AP)AP - Spain's Santander bank said Wednesday it will pay Bank of America $2.5 billion (euro2.09 billion) in cash to buy back a 24.9 percent stake in Santander Mexico.Source: Yahoo! News: Business News | 9 Jun 2010 | 3:58 am Merkel, Sarkozy press EU short selling banGerman Chancellor Angela Merkel and French President Nicolas Sarkozy call on European officials to consider a ban on certain types of short sales ahead of a July meeting of European Union finance ministers.
Source: MarketWatch.com - Top Stories | 9 Jun 2010 | 3:51 am Chinese export hopes boost confidenceGlobal Market Overview: Reports that Beijing’s exports saw a 50% jump in May compared with the previous year put some pep into riskier assets, though the eurozone debt crisis continues to weighSource: Financial Times - US homepage | 9 Jun 2010 | 3:47 am EU woes 'to hit world economy'Europe's financial woes will hit the global economy, warns the governor of the Australian central bank, Glenn Stevens.Source: BBC News | Business | World Edition | 9 Jun 2010 | 3:46 am BP shares and CDS hurt by dividend concern: tradersLONDON (Reuters) - Shares in British oil company BP fell 4.9 percent on Wednesday on concern over its dividend payment, as it continued battling to contain an oil spill in the Gulf of Mexico.
Source: Reuters: Business News | 9 Jun 2010 | 3:45 am Ash cloud fallout widens UK trade gapBritain’s giant trade gap with the rest of the world widened unexpectedly in April, largely due to the effects of the volcanic ash cloud, official figures showed today. Source: Latest Business News from Times Online | 9 Jun 2010 | 3:45 am Exports fuel Hungary and Czech GDPPRAGUE (Reuters) - Exports and a slight pickup in domestic demand fueled growth in Hungary and the Czech Republic in the first quarter, though analysts said fiscal tightening in the euro zone will slow the pace of recovery later this year.
Source: Reuters: Business News | 9 Jun 2010 | 3:44 am UK trade deficit widens in AprilThe UK's trade deficit widened slightly in April, with both imports and exports affected by the volcanic eruption in Iceland.Source: BBC News | Business | World Edition | 9 Jun 2010 | 3:44 am Shanghai gets bank boost, jumps 2.8% in mixed AsiaAsia stocks close mixed, as Shanghai sees sharp rebound at end of trading.
Source: MarketWatch.com - Top Stories | 9 Jun 2010 | 3:42 am BP: Oil Consumption In 2009 Dropped First Time Since 1982BP plc (NYSE: BP) has found a place in the oil business beyond being one of the largest polluters in the industry’s history. The company provided extensive numbers on the use of crude in 2009 in its 2010 BP Statistical Review of World Energy. The firm said that the recession pushed global oil consumption down [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 9 Jun 2010 | 3:35 am Zara owner Inditex reports 63% profit riseShares of Spanish retailing giant Inditex rose over 5% here on Wednesday after the group reported a 63% rise in net profit for the first quarter and a strong start to sales for the second quarter.
Source: MarketWatch.com - Top Stories | 9 Jun 2010 | 3:32 am BA crew enter final day of strikeMembers of British Airways cabin crew enter the final day in the last of a series of five-day walkouts.Source: BBC News | Business | World Edition | 9 Jun 2010 | 3:31 am Sales jump boosts Zara's profitsThe owner of fashion chain Zara sees its quarterly profits rise 63%, helped by strong sales and new store openings.Source: BBC News | Business | World Edition | 9 Jun 2010 | 3:30 am Europe Markets: Europe shares pare early gains as oil firms weighShares in Europe climb for the first time in four sessions on Wednesday, with investors responding favorably to updates and deals from ING, Santander and Inditex.
Source: MarketWatch.com - Top Stories | 9 Jun 2010 | 3:28 am Dutch voters decide on economy, immigration (AP)
Source: Yahoo! News: Business News | 9 Jun 2010 | 3:21 am New powers target 'garden grabs'Councils in England are to get greater powers to stop "garden-grabbing" by developers, the government says.Source: BBC News | Business | World Edition | 9 Jun 2010 | 3:19 am GM Reverses Itself On Dealer ClosingsGM will spare 900 of the nearly 2,000 dealerships it planned to close. That will leave it with 5,000. The revised plan will save GM money. Closing dealerships adds to the company’s costs because of unsold inventory and legal fights with angry dealers. Many GM dealers have taken their grievances to arbitration, so the No.1 [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 9 Jun 2010 | 3:15 am Coca-Cola Hellenic Bottling Company S.A. Announces the Amount of Extraordinary Social Contribution Tax in GreeceSource: RSS feed - channel BNewsBusiness | 9 Jun 2010 | 3:15 am World stocks gain as China bank readies record IPO (AP)
Source: Yahoo! News: Business News | 9 Jun 2010 | 3:13 am World stocks gain as China bank readies record IPO (AP)
Source: Yahoo! News: Stock Markets News | 9 Jun 2010 | 3:13 am Europe's unlisted banks face pressure to reformFrom Spain to Germany, unlisted European banks are under increasing pressure to reform and merge.
Source: MarketWatch.com - Top Stories | 9 Jun 2010 | 3:11 am Government lays out fast net planThe government may legislate to open up the ducts of utility companies as part of its plans for a new fast network for the UK.Source: BBC News | Business | World Edition | 9 Jun 2010 | 3:10 am Stocks set for bumpy openU.S. stocks were poised for a bumpy start Wednesday as anxiety about the global economic outlook hung over investors.Source: Business and financial news - CNNMoney.com | 9 Jun 2010 | 3:07 am Finland in double-dip recessionFinland's economy slipped back into recession during the first three months of 2010, official figures show.Source: BBC News | Business | World Edition | 9 Jun 2010 | 3:01 am Should You Drop Your Underperforming Fund?Here are four issues to consider when deciding whether to sell.
Source: SmartMoney.com | 9 Jun 2010 | 3:01 am 3 Stocks With Large, Growing Dividends (Screens)Hough: These companies yield 5% after recently increasing their payments.
Source: SmartMoney.com | 9 Jun 2010 | 3:01 am Renting Movies at the Airport (Deal of the Day)New options let travelers catch a movie for less than $5.
Source: SmartMoney.com | 9 Jun 2010 | 3:01 am College Planning, Health Savings, MoreStephanie AuWerter answers your personal finance questions.
Source: SmartMoney.com | 9 Jun 2010 | 3:01 am Can AIG Ante Up to Uncle Sam?Investors should fare better with the insurer's debt than with its stock.
Source: SmartMoney.com | 9 Jun 2010 | 3:01 am World Cup boosts JD Sports salesSales at JD Sports have risen in recent weeks, boosted in the build up to the World Cup in South Africa.Source: BBC News | Business | World Edition | 9 Jun 2010 | 2:56 am US Trade War With China Escalates On Steel Tariff PlanThe US International Trade Commission will put a 15.72% tariff on steel pipe imported from China. The ruling is based on a preliminary finding by the division of the Commerce Department. A final decision is due in August. If the investigation also finds that Chinese steel is being sold below its market value, the tariff [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 9 Jun 2010 | 2:55 am AP IMPACT: BP spill response plans severely flawed (AP)
Source: Yahoo! News: Business News | 9 Jun 2010 | 2:54 am Merkel, Sarkozy demand urgent market reform (AP)AP - German Chancellor Angela Merkel and French President Nicolas Sarkozy say there is an urgent need to speed up efforts to regulate financial markets ahead of a meeting for European finance ministers in July.Source: Yahoo! News: Business News | 9 Jun 2010 | 2:52 am Global shares gain on China export rise (Reuters)
Source: Yahoo! News: Stock Markets News | 9 Jun 2010 | 2:42 am Asos profits rise 44pc as shoppers seek the latest trendsPre-tax profits at Asos, the online fashion and beauty retailer, rose 44pc to £20.m in the year to March 31.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 9 Jun 2010 | 2:37 am BP: World 2009 oil use drop biggest since 1982LONDON (Reuters) - World oil consumption fell by 1.2 million barrels per day in 2009, the second consecutive annual decline and the largest volume since 1982, BP said in its annual Statistical Review of World Energy released on Wednesday.
Source: Reuters: Business News | 9 Jun 2010 | 2:36 am BP: World 2009 oil use drop biggest since 1982LONDON (Reuters) - World oil consumption fell by 1.2 million barrels per day in 2009, the second consecutive annual decline and the largest volume since 1982, BP said in its annual...Source: RSS feed - channel BNewsBusiness | 9 Jun 2010 | 2:36 am BP: World 2009 oil use drop biggest since 1982 (Reuters)
Source: Yahoo! News: Business News | 9 Jun 2010 | 2:36 am JPMorgan forms China IPO joint ventureThe US bank unveils a new securities joint venture in the latest move by a global investment bank to tap the mainland’s lucrative capital marketsSource: Financial Times - US homepage | 9 Jun 2010 | 2:32 am Allscripts to buy Eclipsys for $1.3 bln of stockHealthcare IT company Allscripts-Misys Healthcare Solutions said Wednesday that it will buy Eclipsys Corp. in a $1.3 billion all-stock deal as it seeks to take advantage of a massive increase in U.S. spending on electronic health records.
Source: MarketWatch.com - Top Stories | 9 Jun 2010 | 2:28 am Stock markets: Crystal ball or false alarm?From its peak in late April to the close last Friday, the S&P 500 has declined just over 12%. That is a correction of real historical magnitude. Stock markets around the globe have mirrored this move, if not exceeded it. Pundits have justified the correction primarily on the sovereign debt issues in Europe. But the question for stock market operators is, as always, what's next?Source: Business and financial news - CNNMoney.com | 9 Jun 2010 | 2:27 am Risks to global economy have 'risen significantly', top IMF official warnsGlobal recovery under increasing threat as governments struggle with debt, a leading official from the IMF has warned.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 9 Jun 2010 | 2:24 am Questor share tip: Buy Templeton Emerging Markets ITOn Monday, Questor met with Mark Mobius, who has been managing the Templeton Emerging Markets Investment Trust since 1987.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 9 Jun 2010 | 2:24 am Santander to buy BofA’s Mexico stakeThe eurozone’s biggest bank will pay $2.5bn for the 24.9 per cent of Santander Mexico it does not own, showing the Spanish bank’s expansion ambitions have not been damped by a raft of buys in the past 18 monthsSource: Financial Times - US homepage | 9 Jun 2010 | 2:22 am What to do when your pension is frozenYou've been looking forward to retirement -- and the steady income your employer was supposed to provide -- only to learn that your company has frozen its pension plan. Now what?Source: Business and financial news - CNNMoney.com | 9 Jun 2010 | 2:15 am Euro crisis could hit Asia, IMF warnsAsian stock markets fell today and the euro and sterling hovered near the lows they reached yesterday as concerns persisted over Europe’s debt worries. Source: Latest Business News from Times Online | 9 Jun 2010 | 2:12 am Wall Street reform: Congress starts to dealWall Street reform negotiations officially kick off Thursday, when lawmakers are expected to start merging two different versions of sweeping changes to the financial system into one final bill.Source: Business and financial news - CNNMoney.com | 9 Jun 2010 | 2:09 am Media Digest 6/9/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: Fed officials are at odds about rates. Reuters: The “Volcker Rule” may be in trouble as the Senate works on financial reform. Reuters: Shareholders would sack BP plc’s (NYSE: BP) chairman before its CEO. Reuters: Hulu plans to charge for content and expand its services.Reuters: Sprint-Nextel (NYSE: S) says it overstated initial sales of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 9 Jun 2010 | 2:00 am 2 titans of tech win Republican nominationsSource: Business and financial news - CNNMoney.com | 9 Jun 2010 | 1:59 am Nova Adds Additional Memory Manufacturer to its Stand-Alone Metrology Customer BaseSource: RSS feed - channel BNewsBusiness | 9 Jun 2010 | 1:58 am Double dip recession: Will it happen?Europe's debt crisis. Companies still not hiring. The Gulf oil spill. These are uncertain times to say the least. But while you might think economists would be running for the hills and looking ahead to a so-called "double dip recession," that's not necessarily the case.Source: Business and financial news - CNNMoney.com | 9 Jun 2010 | 1:57 am File your claims! Or BP won't payIn response to a growing perception that filing a claim for compensation from BP is more trouble than it's worth, officials in Alabama announced a program Tuesday to help workers affected by the oil spill get the money they're entitled to.Source: Business and financial news - CNNMoney.com | 9 Jun 2010 | 1:47 am $24 billion Medicaid lifeline in perilGovernors and state lawmakers are anxiously waiting to see whether Congress will send them another $24 billion to help cover their ever-expanding Medicaid rolls.Source: Business and financial news - CNNMoney.com | 9 Jun 2010 | 1:36 am Hitachi says still expects to win big UK train dealTOKYO (Reuters) - Japan's Hitachi Ltd said on Wednesday it still expects to win an order for a large train project in Britain, but it acknowledged that some modifications to the $11 billion deal were likely.
Source: Reuters: Business News | 9 Jun 2010 | 1:35 am Most Asian stocks recover on China export surgeSINGAPORE (Reuters) - Most Asian stock markets clawed back early losses on Wednesday and the euro stabilized as news of stronger-than-expected exports from China offset worries that...Source: RSS feed - channel BNewsBusiness | 9 Jun 2010 | 1:33 am Lisa Twaronite's This Week in Japan: Where 'difficult' can mean 'impossible'Expect to see some serious discussion on raising Japan's 5% consumption tax, now that fiscal hawk Naoto Kan has become Japan's fifth prime minister in less than four years.
Source: MarketWatch.com - Top Stories | 9 Jun 2010 | 1:30 am Malaysian Companies Honoured at Frost & Sullivan Green Excellence Awards BanquetSource: RSS feed - channel BNewsBusiness | 9 Jun 2010 | 1:27 am FTSE 100 rises at open (AFP)
Source: Yahoo! News: Stock Markets News | 9 Jun 2010 | 1:20 am Malaysia's Green Initiatives Echoed at Frost & Sullivan's Green Buildings CongressSource: RSS feed - channel BNewsBusiness | 9 Jun 2010 | 1:06 am Misys Takes Decisive Steps to Realise Shareholder ValueSource: RSS feed - channel BNewsBusiness | 9 Jun 2010 | 1:03 am What $13 Trillion Could Buy (On the Street)U.S. debt will soon outstrip GDP. Some other ways we could spend that money.
Source: SmartMoney.com | 9 Jun 2010 | 1:01 am GM to recall about 1.5 million vehicles because of fire hazardThe automaker will disable the heating mechanism on a system that squirts cleaning fluid on the windshield and pay $100 to the vehicles' owners. ...Source: RSS feed - channel BNPaperBusiness | 9 Jun 2010 | 1:00 am China considers property tax to rein in real estate speculationBeijing has already tried to cool the sizzling housing market by raising minimum down payments and restricting purchases of second homes. Those steps and rumors of a tax have sent home sales plunging...Source: RSS feed - channel BNPaperBusiness | 9 Jun 2010 | 1:00 am Economic slump stirs up homemade preserves industryBoutique businesses find a niche in offering small batches of jams and jellies. Sellers are using the Internet, food festivals and trade shows to reach consumers.For Marlene Baroli-Turati, life has become an obsession with sugar and fruit.
Source: L.A. Times - Business | 9 Jun 2010 | 1:00 am Independent producer opens a window on the filmmaking processFor about $10, people can go online to watch the behind-the-scenes banter and action of the low-budget comedy 'Grooming Giselle.' The head of the production firm hopes the idea spreads to other sets. ...Source: RSS feed - channel BNPaperBusiness | 9 Jun 2010 | 1:00 am Digital map of the world is the product of a large-scale volunteer effortWith the help of more than 240,000 volunteer cartographers worldwide, OpenStreetMap is trying to create an Internet map of every street in every city and village on the planet.When Brian "Beej" Hall first heard about an ambitious volunteer effort to create an Internet map of every street and path in every city and village on the planet, he was hooked. At the time, the nascent effort had only a few American members, and the U.S. map was essentially a digital terra incognita.
Source: L.A. Times - Business | 9 Jun 2010 | 1:00 am Disney is said to be closing most of its ESPN Zone restaurantsThe sports-themed restaurants operate in seven cities, including L.A. and Las Vegas. The Anaheim outlet is expected to remain open.Walt Disney Co. is shutting down most of its ESPN Zone stores, a chain of sports-themed restaurants in seven cities, according to a person familiar with the matter. The only outlets to remain open are those tied to a Disney property, such as the Downtown Disney shopping district in Anaheim.
Source: L.A. Times - Business | 9 Jun 2010 | 1:00 am Worst may be over for commercial real estatePrices aren't exactly soaring, but after three years of declines investors are on the prowl again and prominent properties are sparking bidding wars.After nearly three years of declines there are signs that Southern California's beaten-down commercial real estate market has struck bottom — setting up the possibility of a rebound later this year.
Source: L.A. Times - Business | 9 Jun 2010 | 1:00 am China considers property tax to rein in real estate speculationBeijing has already tried to cool the sizzling housing market by raising minimum down payments and restricting purchases of second homes. Those steps and rumors of a tax have sent home sales plunging.Fearful of an U.S.-style real estate collapse, China has doused the country's sizzling housing market with new rules aimed at cooling property speculation.
Source: L.A. Times - Business | 9 Jun 2010 | 1:00 am Cisco Systems helps build prototype for instant 'city in a box'It's a product like no other — a complete city for a million people.
Source: L.A. Times - Business | 9 Jun 2010 | 1:00 am Digital map of the world is the product of a large-scale volunteer effortWith the help of more than 240,000 volunteer cartographers worldwide, OpenStreetMap is trying to create an Internet map of every street in every city and village on the planet. ...Source: RSS feed - channel BNPaperBusiness | 9 Jun 2010 | 1:00 am Economic slump stirs up homemade preserves industryBoutique businesses find a niche in offering small batches of jams and jellies. Sellers are using the Internet, food festivals and trade shows to reach consumers. ...Source: RSS feed - channel BNPaperBusiness | 9 Jun 2010 | 1:00 am ".Mobi" mobile domain names snapped up by speculators are now all but worthlessInvestors saw a gold mine in Internet addresses reserved for websites designed to be viewed on cellphones. But advances in technology have made them obsolete. ...Source: RSS feed - channel BNPaperBusiness | 9 Jun 2010 | 1:00 am Cisco Systems helps build prototype for instant 'city in a box'It's a product like no other — a complete city for a million people.Source: RSS feed - channel BNPaperBusiness | 9 Jun 2010 | 1:00 am Worst may be over for commercial real estatePrices aren't exactly soaring, but after three years of declines investors are on the prowl again and prominent properties are sparking bidding wars. ...Source: RSS feed - channel BNPaperBusiness | 9 Jun 2010 | 1:00 am Investors seeking refuge push gold to record highsGold surges again to close at $1,244 an ounce after climbing as high as $1,252. Gold traded at record highs Tuesday...Source: RSS feed - channel BNPaperBusiness | 9 Jun 2010 | 1:00 am Disney is said to be closing most of its ESPN Zone restaurantsThe sports-themed restaurants operate in seven cities, including L.A. and Las Vegas. The Anaheim outlet is expected to remain open. ...Source: RSS feed - channel BNPaperBusiness | 9 Jun 2010 | 1:00 am J.D. Power survey shows rising customer satisfaction with airline serviceJetBlue Airways is the highest-rated low-cost carrier, and Alaska Airlines tops traditional carriers.Fees are rising, service can be lousy and … airline passengers are happier? Yes, according to a customer satisfaction survey released Tuesday.
Source: L.A. Times - Business | 9 Jun 2010 | 1:00 am Independent producer opens a window on the filmmaking processFor about $10, people can go online to watch the behind-the-scenes banter and action of the low-budget comedy 'Grooming Giselle.' The head of the production firm hopes the idea spreads to other sets.About 40 film crew members and actors are crowded into a small Brentwood apartment, taking a short break in the middle of a 12-hour shoot for an independent feature film called "Grooming Giselle."
Source: L.A. Times - Business | 9 Jun 2010 | 1:00 am ".Mobi" mobile domain names snapped up by speculators are now all but worthlessInvestors saw a gold mine in Internet addresses reserved for websites designed to be viewed on cellphones. But advances in technology have made them obsolete.Rick Schwartz made his fortune the new-fashioned way, raking in millions of dollars buying and flipping domain names such as Candy.com, which he sold for $3 million.
Source: L.A. Times - Business | 9 Jun 2010 | 1:00 am GM to recall about 1.5 million vehicles because of fire hazardThe automaker will disable the heating mechanism on a system that squirts cleaning fluid on the windshield and pay $100 to the vehicles' owners.General Motors Co. will pay out as much as $150 million to owners of vehicles that are being recalled because it can't fix a flaw in the system that squirts heated cleaning fluid on the windshield.
Source: L.A. Times - Business | 9 Jun 2010 | 1:00 am Business Bullet: Asia, IMF, BP, ASOSThe latest news on: Asia, IMF, BP, ASOSSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 9 Jun 2010 | 12:57 am Euro zone crisis could hit Asia: IMF's ShinoharaSINGAPORE (Reuters) - Europe's debt crisis could disrupt global trade, hurting demand for Asian exports and sending "hot money" into the region if policymakers fail to act swiftly and appropriately, a top IMF official said on Wednesday.
Source: Reuters: Business News | 9 Jun 2010 | 12:56 am Euro zone crisis could hit Asia: IMF's Shinohara (Reuters)Reuters - Europe's debt crisis could disrupt global trade, hurting demand for Asian exports and sending "hot money" into the region if policymakers fail to act swiftly and appropriately, a top IMF official said on Wednesday.Source: Yahoo! News: Business News | 9 Jun 2010 | 12:56 am Euro zone crisis could hit Asia: IMF's ShinoharaSINGAPORE (Reuters) - Europe's debt crisis could disrupt global trade, hurting demand for Asian exports and sending "hot money" into the region if policymakers fail to act swiftly and...Source: RSS feed - channel BNewsBusiness | 9 Jun 2010 | 12:56 am Whitman and Fiorina triumph in US primariesMeg Whitman, former chief of Ebay, wins the Republican nomination to stand for the governorship of California while Carly Fiorina, former Hewlett-Packard chief, is to fight in the contest for the state’s senate seatSource: Financial Times - US homepage | 9 Jun 2010 | 12:51 am David Cameron wins support among international investors for cutsPrime Minister David Cameron has the backing of the majority of international investors for his attempt to cut Britain's deficit, according to a new poll.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 9 Jun 2010 | 12:33 am Selling dreamsWhy the boss of Ferrari is upbeat about the futureSource: BBC News | Business | World Edition | 9 Jun 2010 | 12:21 am Currency: NZ dollar drifts lowerThe New Zealand dollar drifted lower today, which dealers attributed to a weak tone in the euro and indications of weaker equity markets.The NZ dollar was at US66.15c at 5pm from US66.78c at 8am, but it was still higher than the...Source: nzherald.co.nz - Business | 9 Jun 2010 | 12:17 am Italia 90 chief backs England bidThe man who was in charge of organising the 1990 World Cup gives his backing to England's bid to host the 2018 tournament.Source: BBC News | Business | World Edition | 9 Jun 2010 | 12:16 am Hitachi says still expects to win big UK train dealTOKYO (Reuters) - Japan's Hitachi Ltd said on Wednesday it still expects to win an order for a large train project in Britain, but it acknowledged that some modifications to the $11...Source: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 11:45 pm Chinese labour unrest spreadsIndustrial action has extended beyond south China’s industrial heartland, posing a dangerous new challenge for BeijingSource: Financial Times - US homepage | 8 Jun 2010 | 11:18 pm Phoenix bankruptcy filings fall in MayBankruptcy filings in the Phoenix metropolitan area fell in May for the second straight month. However, officials say the 2,763 filings in the metro area represent a 35 percent increase...Source: RSS feed - channel BNewsBusiness | 8 Jun 2010 | 10:33 pm Deadbeat parents cash in on their kids' creditFor parents who've wrecked their own credit rating, cashing in on junior's clean financial history is increasingly tempting.Source: Business and financial news - CNNMoney.com | 8 Jun 2010 | 10:07 pm BP shareholders would back CEO more than chairman: reportLONDON (Reuters) - BP Plc shareholders would prefer to sacrifice the company's Chairman Carl-Henric Svanberg rather than the CEO over the ongoing oil spill crisis in the Gulf of Mexico, the Times reported in its Wednesday edition.
Source: Reuters: Business News | 8 Jun 2010 | 9:14 pm Ambac warns of potential loan defaultThe bond insurer whose toxic assets were seized by US state regulators in March could default on its loan obligations and is still considering filing a prepackaged bankruptcySource: Financial Times - US homepage | 8 Jun 2010 | 8:38 pm Fed officials send conflicting signals on ratesCHICAGO/KANSAS CITY (Reuters) - Two top Federal Reserve officials on Tuesday offered opposing signals on the direction of interest rates, highlighting an increasingly salient split within the central bank.
Source: Reuters: Business News | 8 Jun 2010 | 7:59 pm Jetstar launches daily Akl - Singapore flightsLow-cost airline Jetstar is launching a new daily direct service between Auckland and Singapore in time for the Rugby World Cup.The new service will begin on March 17 next year and introductory fares could be as low as about $100...Source: nzherald.co.nz - Business | 8 Jun 2010 | 7:48 pm Former Citadel execs launch fund: reportNEW YORK (Reuters) - Three former executives at Chicago-based hedge fund Citadel are launching a computer-driven fund, the Wall Street Journal reported on Tuesday.
Source: Reuters: Business News | 8 Jun 2010 | 6:52 pm Independent business weekly closingFairfax Media will cease publishing its weekly business newspaper The Independent from July 1 and its eight journalists will write for the company's daily newspapers and websites.The newspaper was established by investigative...Source: nzherald.co.nz - Business | 8 Jun 2010 | 6:44 pm Union slams EMA's 'scaremongering' Facebook warningOne of New Zealand's largest unions says the Employers and Manufacturers Association (EMA) is "scaremongering" when it claims employees should face legal action for complaining about their jobs on Facebook.The Engineering and...Source: nzherald.co.nz - Business | 8 Jun 2010 | 6:30 pm Public is against tax rise, warns Tory peerA senior Conservative has warned George Osborne that Coalition plans to sharply increase capital gains tax enjoy "no popular support".Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Jun 2010 | 6:17 pm George Osborne: The state must rethink how it spends moneyGeorge Osborne yesterday began the process that will see billions wiped from Whitehall budgets with a warning that the dire economic situation required a radical reassessment of how the state spends taxpayers' money.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Jun 2010 | 6:09 pm Sir Terry Leahy checks out at Tesco after 14 yearsSir Terry Leahy is to stand down from the helm of Tesco after a 14-year tenure that has changed Britain. Source: Latest Business News from Times Online | 8 Jun 2010 | 6:01 pm Fitch warning hits markets and sterlingPolicymakers hoping for a period of grace before the emergency Budget have instead suffered another blow to confidence after a ratings agency issued another stern warning about the state of Britain’s public finances. Source: Latest Business News from Times Online | 8 Jun 2010 | 6:01 pm Business Briefing: Footie index Cup pours cold water on pricesDiscounts by electrical retailers competing for customers keen to watch the World Cup on state-of-the-art equipment helped to curb the rise in shop prices last month. Source: Latest Business News from Times Online | 8 Jun 2010 | 6:01 pm Shareholders want Svanberg to be the fall guy for BPA further £4 billion was wiped off BP’s market value yesterday after President Obama mounted his strongest attack yet on the company’s management, fuelling speculation that Carl-Henric Svanberg, BP’s chairman, could be sacrificed in the wake of the Gulf of Mexico oil spill. Source: Latest Business News from Times Online | 8 Jun 2010 | 6:01 pm Satisfied Tesco orders more of the sameTesco chief executives are all from the same mould. Just like its stores. But then, if it ain’t broke, don’t fix it. The company has done remarkably well under the leadership of one down-to-earth Liverpudlian who has worked for it for most of his life. So why not try another? Source: Latest Business News from Times Online | 8 Jun 2010 | 6:01 pm Airlines attack ‘cash-grab’ German taxAirlines reacted furiously to plans announced by Angela Merkel, the German Chancellor, to raise €1 billion from a new “eco tax” on aviation. Source: Latest Business News from Times Online | 8 Jun 2010 | 6:01 pm UBS faces hurdle in settling US tax disputeShares in UBS dropped almost 2.5 per cent after the lower house of the Swiss parliament rejected a change to tax laws that would have solved a long-running tax dispute between the bank and the US Government. Source: Latest Business News from Times Online | 8 Jun 2010 | 6:01 pm Big investors tell Pru’s chiefs to waive their bonusesTidjane Thiam should sacrifice up to £4.3 million in possible annual bonuses in the wake of Prudential’s failed bid to buy AIA, leading shareholders believe. Source: Latest Business News from Times Online | 8 Jun 2010 | 6:01 pm $50m property fraud accused back in courtThe property developer at the centre of an alleged $47.8 million loan scam made a brief appearance in the Auckland District Court this morning on charges brought by the Serious Fraud Office.The man, who has interim name suppression,...Source: nzherald.co.nz - Business | 8 Jun 2010 | 6:00 pm Obama in scathing attack on BP chiefBP’s share price fell sharply again – down almost 38 per cent since the start of the 50-day Gulf of Mexico oil crisis – as President Barack Obama launched a scathing attack on the company’s chief executive and said he wanted to know ‘whose ass to kick’Source: Financial Times - US homepage | 8 Jun 2010 | 5:35 pm Bernanke says Europe committed to euro's survival (Reuters)
Source: Yahoo! News: Business News | 8 Jun 2010 | 5:31 pm Income tax case puts spotlight on professionalsA Court of Appeal decision could open the floodgates for the Inland Revenue Department to prosecute professionals hiding behind company structures to avoid high personal income tax rates.Polson Higgs tax partner Michael Turner...Source: nzherald.co.nz - Business | 8 Jun 2010 | 5:30 pm UN set to approve Iran sanctionsThe Security Council is set to approve sanctions against the country’s Revolutionary Guard, its main shipping line and two of its banks, after a six-month push by the Obama administrationSource: Financial Times - US homepage | 8 Jun 2010 | 5:21 pm Under 30s the most optimistic NZersNew Zealanders are three times more optimistic than they were a year ago, and those under 30 are leading the charge.The latest MasterCard Worldwide index of Consumer Confidence survey shows consumers are feeling more positive...Source: nzherald.co.nz - Business | 8 Jun 2010 | 5:11 pm DirecTV, Munis, Bernard Madoff, Stock Splits: Taking StockSource: Bloomberg - All Podcasts | 8 Jun 2010 | 5:06 pm Fonterra doubles online milk powder auctionsFonterra, the world's biggest exporter of dairy products, will add a second online milk powder auction each month and add new items to the sale, including buttermilk powder."This will add more depth and credibility and even more...Source: nzherald.co.nz - Business | 8 Jun 2010 | 5:00 pm AP source: SEC putting in new market rules soon (AP)
Source: Yahoo! News: Stock Markets News | 8 Jun 2010 | 4:56 pm NZ sharemarket gains earlyAfter hitting a 10-month low yesterday, the New Zealand sharemarket rose in early trading today with resins and specialty chemicals supplier Nuplex Industries gaining 4.7 per cent.The partial recovery in this country came after...Source: nzherald.co.nz - Business | 8 Jun 2010 | 4:39 pm Dorchester Pacific's big shareholders agree to underwriteThe two major shareholders in financial services company Dorchester Pacific have agreed to subscribe between them to 70 per cent of shares issued in a $10 million capital raising.Dorchester has been operating under a deferred...Source: nzherald.co.nz - Business | 8 Jun 2010 | 4:30 pm How the major stock indexes fared on Tuesday (AP)AP - Most stocks surged in the final hour of trading Tuesday to give the Dow Jones industrials a gain of 123 points.Source: Yahoo! News: Stock Markets News | 8 Jun 2010 | 4:05 pm Summary Box: General Motors eases dealership cuts (AP)AP - WHAT HAPPENED: GM's North America President Mark Reuss says the automaker plans to have 5,000 U.S. dealers when a federal arbitration process ends this summer. The company had planned to pare its dealers from 6,000 to 4,100 as part of its bankruptcy reorganization.Source: Yahoo! News: Business News | 8 Jun 2010 | 4:03 pm RBS draws up shortlist for £4bn asset saleThe bank narrows the field of bidders for its £2.5bn payment processing arm to two US private equity consortiums that are vying to seal the UK’s biggest buy-out deal for almost three yearsSource: Financial Times - US homepage | 8 Jun 2010 | 4:00 pm Stocks climb, not slide, in volatile last hour (AP)
Source: Yahoo! News: Stock Markets News | 8 Jun 2010 | 3:52 pm Presented By:Source: Dealbreaker | 8 Jun 2010 | 3:51 pm Write-Offs: 06.08.10
$$$ Wasn’t Commercial Real Estate Supposed To Crash? [Fortune] $$$ Goldman Sachs Revives Its Old Tactic: Keeping Quiet [CNBC] $$$ FYI: Animals Are Obsessed With Obsession For Men [WSJ]
 Source: Dealbreaker | 8 Jun 2010 | 3:51 pm EU to press ahead with bank levy planEuropean Union finance ministers have pledged to pursue a levy on the banking sector, in spite of the lack of global consensus signalled at last weekend’s G20 meeting and differences amongst EU states over how any funds raised should be usedSource: Financial Times - US homepage | 8 Jun 2010 | 3:50 pm Controversial funding added to Senate billThe Senate on Tuesday took up a bill to extend federal unemployment benefits, but added two controversial measures that may make it tough for the legislation to pass.Source: Business and financial news - CNNMoney.com | 8 Jun 2010 | 3:48 pm What Should Dennis Kneale Do With The New Time He’s Got On His Hands?
Source: Dealbreaker | 8 Jun 2010 | 3:32 pm Surprise as Sir Terry Leahy resigns from TescoOne of Britain's most respected businessmen to depart after 14 years at the top of the retailer.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Jun 2010 | 3:27 pm Two Common Threads of European Funds (Common Sense)Stewart: In the Old World, oil and finance are hard to avoid.
Source: SmartMoney.com | 8 Jun 2010 | 3:17 pm Does Microsoft Still Deserve a “AAA” Rating? (MSFT, GOOG, AAPL, YHOO)Microsoft Corporation (NASDAQ: MSFT) closed lower today along with many technology companies, but there is something rather interesting worth noting. This morning we covered a small esoteric convertible debt offering of $1.15 billion coming from the company. This is debt that looks to repay other maturing debt, so it is a non-event when you consider [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Jun 2010 | 3:11 pm Bank Lobbyists Fighting New Provision on Trust Preferred CDOs
Now, those CDOs, which were purchased by some of the same small banks that issued them, are beginning to default, leading to a downward spiral of losses for banks. A provision in the new financial reg bill passed by the Senate forbids counting TruPs as Tier 1 capital. If it passes, smaller banks could be forced to raise $130 billion to meet capital requirements or sharply curtail lending. (Big banks like Citigroup have issued trust preferred’s for a long time, but most of those were not packaged into CDOs.) Not surprisingly, the banking lobby is fighting the provision. But that could be tough given the FDIC and Sheila Bair support the proposal. There’s also this:
Banks in ‘Downward Spiral’ Buying Capital in CDOs [Bloomberg]
Source: Dealbreaker | 8 Jun 2010 | 2:49 pm Hang on tight chaps - we're in for a long haulThe Government has clearly sought inspiration from the ancient practice of Chinese water torture in planning how and when to deliver the bad news about public spending. First (drip) we learnt about the creation of the Office of Budget Responsibility, then (drip) about where the £6bn of cuts this year would come, then yesterday (drip) about the structure of the committees which will decide what to cut.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 8 Jun 2010 | 2:39 pm Carry Credit-Card Debt? Watch Prices. (Card Sharp)Looming deflation could make debt worse. Here are tips for paying it down.
Source: SmartMoney.com | 8 Jun 2010 | 2:37 pm Dow Surges Late But Stocks End Mixed (Market Update)A late blue-chip rally lifted the benchmark index about 1.3%.
Source: SmartMoney.com | 8 Jun 2010 | 2:36 pm Dow and S&P rise on commodities and banks, but tech dips (Reuters)
Source: Yahoo! News: Stock Markets News | 8 Jun 2010 | 2:27 pm Shots Fired
Source: Dealbreaker | 8 Jun 2010 | 2:02 pm The Biggest Losers: Mutual Funds That Fell Flat in May (U.S. News & World Report)U.S. News & World Report - Late last year, Jay Chitnis, a comanager of the YieldQuest Core Equity Fund, predicted that the high-flying stock market would soon take a hit. "In the fourth quarter of 2009, we said that in 2010, there will be a correction that will make the hair on the back of your neck stand up," he says. By the time the S&P 500 had sunk down into the low 1100s last month, though, Chitnis thought the correction had run its course. "We felt that it was time to move to a much more aggressive risk posture in the fund based on a number of factors lining up," he says. ...Source: Yahoo! News: Stock Markets News | 8 Jun 2010 | 1:47 pm Goldman Even Guiltier Than Previously Assumed, Says FCIC Vice Chairman
Hell yeah they do! No one was even gonna thumb through all that but now that we know there’s even more damning dirt in there than previously imagined? Well William Gareth Jacob Busey Senior, Phil ‘n Bill will carve out some time during lunch! Because yes, that is the sound of a monument being erected in B&P’s likenesses, with whatever is Latin for “We nailed these fuckers, and not just for the financial ish but the J-walking, and the hair plugs, and the fact that Lucas van Praag’s accent is a sham, too” at the bottom. It’s all in there. These two are gonna be heroes. Goldman Sachs Spent Months Dodging Questions, FCIC Says [ABC News]
Source: Dealbreaker | 8 Jun 2010 | 1:30 pm Administration Committed To Improving IT Use To Make Way For LayoffsThe Administration means to make good on its goal to cut $250 billion from the discretionary part of the federal budget over the next decade–a sum that almost all analysts believe is inadequate. Peter R. Orszag, the Director of the Office of Management and Budget said in a memo today that a significant IT gap [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Jun 2010 | 1:07 pm Walgreen Vs. CVS Caremark: When Partnerships Turn South (WAG, CVS)Sometimes little surprises are just as interesting as big ones. For example, Walgreen Co. (NYSE:WAG) has announced that it would not accept either new or renewal business from prescription drug plans administered by CVS Caremark Corp. (NYSE:CVS). Existing plans are not affected. Walgreen specifically called out CVS Caremark’s requirement that patients with chronic conditions to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Jun 2010 | 12:51 pm Can BP CEO hang on to his job?President Obama said if BP CEO Tony Hayward were working for him, he wouldn't have a job after some of the things he's said. Hayward has come under fire for several remarks, including saying "I'd like my life back." Stacey Vanek-Smith reports on why he still has a job and whether he will be able to keep it.Source: Marketplace | 8 Jun 2010 | 12:44 pm Swiss lawmakers derail U.S.-UBS dealThe lower house of Switzerland's parliament voted down a deal struck last summer between U.S. officials and the Swiss bank UBS to reveal the names of account holders who authorities say owe taxes. Alisa Roth reports on the impact of the vote.Source: Marketplace | 8 Jun 2010 | 12:44 pm Concern over a bond market bubble?The word "bubble" might come to mind when you think of the Great Recession. And now there is some worry about another bubble developing -- this time in the bond market. Jeremy Hobson reports.Source: Marketplace | 8 Jun 2010 | 12:44 pm Spanish workers protest austerity planSpanish public-sector workers held a one-day strike against a government plan to shrink the country's budget deficit with austerity measures. The strike was not as widely supported as unions may have hoped, but more widespread action could be on the way. Stephen Beard reports.Source: Marketplace | 8 Jun 2010 | 12:44 pm What's in the cards for our economy?Europe's debt crisis and the weak jobs report have led to chatter about the possibility of a double-dip recession. J. Bradford DeLong, economist at U.C. Berkley, talks with Kai Ryssdal about the chances of that happening.Source: Marketplace | 8 Jun 2010 | 12:44 pm Time for consumer action on FoxconnFoxconn builds a lot of the world's most well-known gadgets, like the iPhone. But a recent string of suicides at the company's factory in southern China has raised the pressure on Apple and other clients to do something. Commentator Farhad Manjoo says customers ought to do something, too.Source: Marketplace | 8 Jun 2010 | 12:44 pm Cooperation helps MBA grads find jobsGraduation season's here, and life after the diploma doesn't look as daunting as last year for new grads. Things may be looking up as some MBA students figure out how to land a job in a tough economy. Caitlan Carroll reports.Source: Marketplace | 8 Jun 2010 | 12:44 pm An oath for MBAs to be better leadersBefore they get to Wall Street, some new business school graduates are signing onto a new professional code of conduct. Peter Escher, author of "The MBA Oath," talks with Kai Ryssdal about his push for more accountability among MBAs.Source: Marketplace | 8 Jun 2010 | 12:43 pm Christopher Whalen, Jim Bianco, Dana Telsey: On the EconomySource: Bloomberg - All Podcasts | 8 Jun 2010 | 12:35 pm Presented By:Source: Dealbreaker | 8 Jun 2010 | 12:32 pm Carl Levin is Seriously Pissed at the Swiss
“Rejection of the treaty is an international embarrassment that can be laid at the feet of Swiss legislators who are willing to continue to allow their banks to facilitate U.S. tax evasion,” Levin said in a statement. “After a year of delay, in August 2009, a settlement was reached in which the United States agreed to give up its right to all 52,000 names in exchange for getting prompt access to information on key accounts, estimated at 4,450 or less than ten percent of the total. Now the Swiss, despite multiple U.S. concessions and having strung out the UBS case for two years, have failed to live up to their end of the bargain,” he added. Levin called for a court summons to force UBS to turn over the names of all 52,000 tax cheats. (Tim Geithner not included.)
Source: Dealbreaker | 8 Jun 2010 | 12:32 pm Bank of America Merrill Lynch Sweetens The Deal
Source: Dealbreaker | 8 Jun 2010 | 12:20 pm Did Jamie Dimon Give Senator Gillibrand A Piece Of His Mind?
Source: Dealbreaker | 8 Jun 2010 | 12:15 pm Companies Coming Clean About Euro Impact Against Earnings (BCSI, MCD, BKD, MMM, STP, HPQ)A little over two weeks ago, we ran a list of “8 Big Companies With High E.U. Exposure” to see which companies had the most at risk due to the geographic ability of the customer base. We have yet to see any waves of formal earnings warnings due to the decline of the Euro from [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Jun 2010 | 12:00 pm Israel's Oren Discusses Gaza Security: Political CapitalSource: Bloomberg - All Podcasts | 8 Jun 2010 | 11:59 am Congoleum, Boyd Gaming: Bloomberg Law Bankruptcy ReviewSource: Bloomberg - All Podcasts | 8 Jun 2010 | 11:34 am A look at global economic developments (AP)AP - A look at economic developments and activity in major stock markets around the world Tuesday:Source: Yahoo! News: Stock Markets News | 8 Jun 2010 | 11:18 am Periconi Discusses BP Gulf Leak, Criminal Investigations: BLAWSource: Bloomberg - All Podcasts | 8 Jun 2010 | 10:53 am FTSE falls amid public spending cuts and gold rise (AFP)
Source: Yahoo! News: Stock Markets News | 8 Jun 2010 | 10:44 am GM recalls 1.5 million vehicles on fire riskDETROIT (Reuters) - General Motors Co on Tuesday announced a recall of about 1.5 million trucks, crossovers and cars from model years 2006-2009 because the unit that heats the windshield washer fluid could catch fire.
Source: Reuters: Business News | 8 Jun 2010 | 10:38 am Book Review: Delivering Happiness by Zappos’ Tony Hsieh
Transparency. Alignment. Relationship building. Culture. Many companies struggle to incorporate today’s new business memes. But some companies have embodied these ideas for years. Zappos, the online shoe store known for its tribal culture and customer service, is one of those companies. Zappos’ CEO, Tony Hsieh, tells his story in Delivering Happiness: A Path to Profits, Passion, and Purpose. The book covers both Tony’s personal entrepreneurial story and that of his company, Zappos. Delivering Happiness offers a feel-good look at the passion, culture, and, yes, happiness that could drive the next generation of companies. Inside the Book Delivering Happiness starts with a look at Tony’s childhood. Like many of today’s successful businesspeople, Tony was an entrepreneur, innovator, and achiever from a young age. You follow Tony into high school, through his Harvard undergrad education, and then through the inception and buyout of his first major company, LinkXChange, which made him millions. After selling LinkXChange, Tony dabbled in new projects, from poker to investing, before realizing that building companies was his passion. At this point, he jumped into a young, struggling Zappos, betting most of his fortune on the company’s success. After several trials, Tony and his team get Zappos off the ground and growing. The second part of the book leaves Tony’s personal biography aside to focus more on Zappos’ inner workings. Zappos has three priorities: customer service, culture, and employee training and development. Tony describes how Zappos uses each, and how each is a competitive advantage. Then, the same chapter goes through each of Zappos’ ten core values in detail, with employee anecdotes along the way. The third part of the book describes the public relations and speaking lessons Tony learned, as well as what alignment means to Zappos. It then covers the Amazon buyout. Tony finishes the book with a chapter on happiness, what it means for both humans and business, and the questions you should ask yourself in order to find it in your own life and career. Thoughts If you’re a regular business book reader, some of the concepts inside of Delivering Happiness—building on your core values, learning what to outsource, impressing customers through service—won’t sound new. The character-building trials Tony describes are also a theme of any biographical business book. Yet Delivering Happiness is timely. Buzzwords like alignment and culture are smoking hot in today’s business language. Zappos is emblematic of many such “conscious” qualities. If you haven’t yet immersed yourself in new corporate culture, Tony and Zappos’ story is a fun place to start. Tony’s verve, passion, and openness also differentiate Delivering Happiness from your average business biography. He describes a wide array of experiences, including having an epiphany at a warehouse rave. Tony’s engaging writing style makes the book feel conversational, even in some of the more technical, business-y sections. Should You Read It? If you’re already familiar with today’s new corporate qualities, and are scratching your head about whether to pick up this particular book, I’d say skip it. I found it good, but not mind-blowing. Nothing really stuck with me after I closed it, because I’d learned about the importance of spectacular customer service and company culture elsewhere. Still, I do think that some people would benefit. Delivering Happiness would make a great starter business book for Gen Y-ers. Tony sounds like a Red Bull-chugging, whip-smart kid at heart. Today’s 20-somethings can probably relate much more closely to him than to old-school titans like Jack Welch. I also recommend Delivering Happiness if you’re curious about Zappos (or a fan), or you want a primer on today’s new-school business qualities. Disclosure: We received a free promotional copy of Delivering Happiness.
Source: Business Pundit | 8 Jun 2010 | 10:37 am Rumor: Is There a Second Leaking Well in the Gulf? (DO, BP, RIG, NE, ATW, BHI)Satellite imagery has revealed what appears to be a second leaking well in the Gulf of Mexico about 10 miles offshore of Louisiana. The semi-submersible Ocean Saratoga, owned by Diamond Offshore Drilling Inc. (NYSE: DO) and operated on behalf of privately held Taylor Energy. The discharge was noted in satellite photos of the area, as [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 8 Jun 2010 | 10:34 am Sinai, Annunziata, Kasman, Cross, Dunkelberg: SurveillanceSource: Bloomberg - All Podcasts | 8 Jun 2010 | 10:32 am Obama Wants to Kick Ass, Fire BP CEOBarack Obama issued some verbal gems at a recent interview on NBC’s Today Show. The BBC has more: In an interview with NBC, Mr Obama was asked about comments Mr Hayward made in the wake of the disaster, such as “I want my life back” and the Gulf is “a big ocean”. Mr Obama said: “He wouldn’t be working for me after any of those statements.” He said he had visited the Louisiana coast “so I know whose ass to kick”. The president has made three visits to the oil-hit coast since the disaster started in late April, talking to fishermen and oil spill experts. “I was down there a month ago before most of these talking heads were even paying attention to the Gulf,” Mr Obama told NBC. “I don’t sit around just talking to experts because this is a college seminar, we talk to these folks because they potentially have the best answers – so I know whose ass to kick,” he said. Meanwhile, police are protecting Mr Hayward’s family at their home in Kent in southern England after they received hate mail and threatening phone calls. Maureen Hayward told the Daily Telegraph, a British newspaper, about the growing hostility towards her and their two children. “Members of my family have had nasty phone calls and we have also had mail from groups,” she was quoted as saying. “Tony is obviously away and we are miles away from him so it’s upsetting,” she said. There is an “ongoing police operation” involving Mr Hayward’s family home, the newspaper quoted local police sources as saying. The New York Daily News has called him “the most hated and clueless man in America”. Which begs the question: Why hasn’t BP fired Hayward? Is the company so embedded with US politicians and so confident in demand for its product that it doesn’t need any heads to roll? If you watch recent interviews with Hayward, it almost looks like he might be relieved to be let go.
Source: Business Pundit | 8 Jun 2010 | 10:00 am 4 Things to Know About 529 Plan Withdrawals (The Tax Guy)The full story is pretty complicated. Here's what you need to know.
Source: SmartMoney.com | 8 Jun 2010 | 9:45 am McDonald’s Gives $3 Refund for Shrek GlassesMcDonald’s is giving customers who bought cadmium-tainted Shrek glasses a $3 refund per glass, more than the $2 and change it initially charged. Bloomberg Businessweek has more: Starting tomorrow, customers can fill out a refund slip and return the glassware to any McDonald’s restaurant in the U.S., the Oak Brook, Illinois-based company said today on its website. The 16-ounce glasses featuring characters from “Shrek Forever After” were recalled June 4 by the CPSC. The designs on the glasses contained the cadmium, typically used in making batteries, metal coatings and plastic. Brief inhalation of high concentrations of cadmium may cause lung disease, according to the Agency for Toxic Substances and Disease Registry. McDonald’s also said today that sales at restaurants open at least 13 months climbed 3.4 percent in the U.S. in May. Sales were fueled in part by the popularity of the “Shrek” promotions, McDonald’s said in a statement. This is a great PR move by McDonald’s. Its price-sensitive customers will be happy to have extra change in their pockets (and maybe buy some food with it). McDonald’s comes off looking generous instead of negligent. The most ethical thing for McDonald’s to do, however, would be to figure out how cadmium got into the glasses, then tell the public. Sadly, something makes me think that the buck still might stop at $3 refunds.
Source: Business Pundit | 8 Jun 2010 | 9:18 am Gartman on U.K. Rating, Choudhry on Bonds: First WordSource: Bloomberg - All Podcasts | 8 Jun 2010 | 9:10 am Touradji Sells Oil and Steel Companies, Buys Dollar ETF: AudioSource: Bloomberg - All Podcasts | 8 Jun 2010 | 8:01 am Who Knew Wal-Mart was so High-Class?
Source: Business Pundit | 8 Jun 2010 | 5:43 am
|
