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Japan PM warns of Greece-like debt crisis (AP)
Source: Yahoo! News: Business News | 11 Jun 2010 | 4:18 am Ironic BP Gas Station Sign
Source: Business Pundit | 11 Jun 2010 | 4:18 am Ahead of the Bell: Retail Sales (AP)AP - Retail sales are expected to post another weak monthly gain in May following a modest rise in April.Source: Yahoo! News: Business News | 11 Jun 2010 | 4:14 am 'Collapse' worry over Japan debtJapan's economy is at "risk of collapse" under its huge debt mountain, the country's new prime minister says.Source: BBC News | Business | World Edition | 11 Jun 2010 | 4:13 am Stock futures inch higher (Reuters)
Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 4:12 am Stock futures inch higher(Reuters) - Stock index futures pointed to a slightly higher open on Wall Street on Friday following the previous session's strong gains, with futures for the S&P 500 up 0.24 percent, Dow Jones futures up 0.19 percent and Nasdaq 100 futures up 0.15 percent at 0944 GMT.
Source: Reuters: Business News | 11 Jun 2010 | 4:05 am Special Report: Guy Hands, Citigroup and the fight for EMILONDON (Reuters) - One of the best ways to get inside the head of British private equity boss Guy Hands is to study what gift he gives for Christmas. For years, Hands has sent friends and business associates a book he has recently read along with a letter discussing the work. The gift is designed to be both thoughtful and thought provoking.
Source: Reuters: Business News | 11 Jun 2010 | 4:04 am Stocks set to extend gainsU.S. stocks were set for a moderately higher open Friday, ahead of reports on retail sales and consumer confidence.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 4:03 am BP shares rise in London tradingShares in oil giant BP are trading 7% higher in London, recovering some of the losses suffered the previous day.Source: BBC News | Business | World Edition | 11 Jun 2010 | 4:03 am Volkswagen global sales rise 8.6% in MayVolkswagen Group on Friday reports an 8.6% improvement in May global sales but stops short of claiming the struggling industry has finished healing.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 4:02 am Indications: U.S. stock futures edge up before economic reportsU.S. stock futures edged higher Friday as traders waited for retail sales and consumer confidence reports before committing to extending -- or reversing -- the previous session’s big rally.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 3:59 am New Japanese leader cautions about debtThe new Prime Minister of Japan sounded an alarm today over the country’s public borrowing, citing the Greek debt crisis and warning that Japan’s finances could collapse without urgent attention. Source: Latest Business News from Times Online | 11 Jun 2010 | 3:58 am BP said to be mulling dividend cutBP is considering suspending or cutting its second-quarter dividend amid U.S. political pressure, according to a report in the Wall Street Journal.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 3:57 am Markets bounce on hopes for growthData out of India added to hopes the global economy was on a growth path and helped ease fears about the European debt markets which rattled investors last monthSource: Financial Times - US homepage | 11 Jun 2010 | 3:55 am World Cup warning to businessesBusinesses looking to use the World Cup to boost profits should beware breaking copyright laws, legal experts warn.Source: BBC News | Business | World Edition | 11 Jun 2010 | 3:54 am BP spill 'double early estimates'The BP oil spill may have sent twice as much leaking into the Gulf of Mexico as previously thought, US experts estimate.Source: BBC News | Business | World Edition | 11 Jun 2010 | 3:50 am Oil prices slip on profit-taking, weak Chinese data (AFP)
Source: Yahoo! News: Business News | 11 Jun 2010 | 3:48 am Investors pile into ‘bargain’ BP sharesInvestors piled back into BP stock this morning as the City gambled that recent sharp falls in the company’s value after the Gulf oil disaster had left shares at a bargain price. Source: Latest Business News from Times Online | 11 Jun 2010 | 3:47 am Japan Expresses Fears That It Is Next GreeceJapan could be the next Greece, at least according to its new prime minister who use to be the nation’s finance minister. “It is difficult to sustain a policy that relies too heavily on issuing debt. As we have seen with the financial confusion in the European community stemming from Greece, our finances could collapse [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 3:40 am Kerviel sticks to defense that SocGen bosses knewAs the trial of notorious former Societe Generale trader Jerome Kerviel enters its fourth day in Paris, former colleagues argue he took “stratospheric” risks that were almost impossible to detect.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 3:40 am BP: Biggest Player in deepwater oilBP, the company responsible for the worst oil spill in U.S. history, is the largest operator of deepwater drilling systems in the Gulf of Mexico.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 3:38 am EU legislator says carmakers oppose SKorea FTA (AP)
Source: Yahoo! News: Business News | 11 Jun 2010 | 3:36 am Business Bullet: Asia, BP, House prices, Fuller Smith & TurnerThe latest news on: Asia, BP, House prices, Fuller Smith & TurnerSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 3:33 am No Jail For DellMichael Dell, founder of Dell Computers (NASDAQ: DELL) will not go to jail for his own misdeeds of those of his company. It appears that the tech firm will dodge a bullet fired because of its cozy relationship with Intel (NASDAQ: INTC), the world’s largest maker of PC chips. Dell said in a statement, The [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 3:27 am Striking Honda China workers hold out for pay, unionZHONGSHAN, China (Reuters) - Workers at a lock factory in southern China that supplies Honda Motor Co challenged managers on Friday, demanding higher pay and freedom to form independent unions, banned in the export powerhouse.
Source: Reuters: Business News | 11 Jun 2010 | 3:23 am Bank reform chief sees Basel compromise to limit painVIENNA (Reuters) - A top central banker and regulator said some proposals in new capital rules for banks would be eased to ensure the industry can adjust to the new standards through retained earnings and reasonable fundraisings.
Source: Reuters: Business News | 11 Jun 2010 | 3:20 am Why the bear market isn't over yetEconomists, as you have likely heard, are enjoying a bit of a renaissance these days. With a startling new piece of economic news emerging on a near daily basis -- Greece is going under! No, it's Spain! China is in the midst of a housing bubble! China is our savior! -- there's been a surge in demand for those who would purport to tell us what it all means.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 3:20 am Does the Tech Rally Have Any Life Left? (Broker Talk)Market watchers discuss which tech stocks still have room to grow.
Source: SmartMoney.com | 11 Jun 2010 | 3:18 am Tying the Knot in Second- Hand Wedding Gear (Smart Spending)The new lure of gently used wedding gowns and divorcees' diamonds.
Source: SmartMoney.com | 11 Jun 2010 | 3:15 am Club Med shares jump after group swings to profitShares in Club Mediterranee jump around 10% Friday after the French holiday company swings to a profit, reports a sharp rise in bookings in recent weeks and says it’s in talks with a potential partner in China.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 3:15 am Obama Faces Losing Control Of Yuan NegotiationsAn American president could lose control over his own international economic policy and be humiliated and emasculated in the process. Congress is on the brink of taking the negotiations over the yuan’s value out of the Administration’s hand. Members of the Senate and House, some of them facing bruising battles for re-election have a tailor [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 3:10 am Does Raising Cigarette Taxes Make Sense? (By the Numbers)Hough: The numbers hinge on who's doing the research.
Source: SmartMoney.com | 11 Jun 2010 | 3:01 am Health Reform's Long-Term Care OptionShould you wait for the government option or shop around?
Source: SmartMoney.com | 11 Jun 2010 | 3:01 am This Week in Business Tweets: The BP Watch (Twitter Beat)Jack Welch on why Obama's "Today" show performance fell short.
Source: SmartMoney.com | 11 Jun 2010 | 3:01 am Betting on an Overconfident CEO (On the Street)Why investors should have a few risk-taking leaders in their portfolio.
Source: SmartMoney.com | 11 Jun 2010 | 3:01 am Gold Will Continue to ShineAs investors seek shelter from deflationary and inflationary pressures, gold will climb.
Source: SmartMoney.com | 11 Jun 2010 | 3:01 am Novartis multiple sclerosis drug wins advisory nodNovartis said a key committee has backed the approval of the first oral drug to treat remitting multiple sclerosis, giving a boost to the Swiss drugmaker’s shares, even as questions surround the side effects of taking it.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 3:01 am London Markets: BP shares gain in mildly higher FTSE 100British stocks advance Friday, with investors buying up shares in oil giant BP in a rare bout of optimism since the firm started to battle to contain a massive oil spill in the Gulf of Mexico.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 2:56 am BP shares bounce back in London trading (AP)AP - Shares in BP PLC opened higher in London on Friday, a day after a sharp drop linked to the company's difficulties with an oil leak in the Gulf of Mexico was reversed in New York.Source: Yahoo! News: Business News | 11 Jun 2010 | 2:55 am Europe’s Economy Will Slow China InflationInflation in China rose 3.1% in May, higher than the government had forecast. Consumer prices were up 6.1% and wholesale prices rose 7.1% The numbers raised the issue of whether China’s predicted 11% to 12% increase in GDP will set off uncontrollable inflation, or whether increases in wholesale prices which are too high to be [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 2:51 am Geithner signals U.S. patience waning on China currencyWASHINGTON (Reuters) - Treasury Secretary Timothy Geithner indicated U.S. patience on China's currency policy was wearing thin on Thursday as a key lawmaker warned that he would move soon on legislation that would penalize Chinese goods.
Source: Reuters: Business News | 11 Jun 2010 | 2:47 am Cameron steps into fray to defend BPDavid Cameron, the British prime minister, has leapt to BP’s defence, emphasising the ‘economic value’ the oil company brings to the UK and US, in a clear signal of British concerns over the rhetoric about the Gulf of Mexico oil spillSource: Financial Times - US homepage | 11 Jun 2010 | 2:34 am Spain says has not, will not make EU aid requestMADRID (Reuters) - Spain's economy ministry said on Friday it had not made a request for economic aid from the European Union, after a newspaper report that the EU was preparing to activate a package in case Madrid asked for it.
Source: Reuters: Business News | 11 Jun 2010 | 2:28 am World stocks gain on China exports, US jobs data (AP)
Source: Yahoo! News: Business News | 11 Jun 2010 | 2:16 am World stocks gain on China exports, US jobs data (AP)
Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 2:16 am Treasury says GM holds the keys in IPO prepThe U.S. Treasury said late Thursday that General Motors Co. will do the heavy lifting as it works toward its public offering, which the government says won’t come before October.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 2:05 am Europe Markets: Europe on track for third week of gains; BP climbsEuropean shares edged higher on Friday, on track for a third straight weekly gain, with a rare advance from BP boosting the oil and gas sector.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 2:04 am Media Digest 10/10/2010 Reuters, WSJ, NYTimes, FT, BloombergReuters: The US is stepping up the pressure on BP plc (NYSE: BP) as the government doubles spill estimates. Reuters: Geithner says US patience on the yuan is disappearing. Reuters: China factory output and capital spending slowed. Reuters: The FBI is looking into a breach of security which let hackers get Apple Inc (NASDAQ: AAPL) [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 1:58 am Spirit Airlines nears deadline with pilots (AP)AP - Negotiations between Spirit Airlines and its pilots were entering their final stage on Friday, with pilots threatening to walk out at midnight if they don't get a new contract.Source: Yahoo! News: Business News | 11 Jun 2010 | 1:43 am FTSE 100 rises at open (AFP)
Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 1:40 am Fuller's profits up 17pc, but tax rises could hurt businessPre-tax profits at Fuller Smith & Turner increased 17pc in the full-year beating market expectations, the pub company said on Friday.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 1:39 am BP oil spill: Is Barack Obama the man for a crisis?Despite the tough talk directed at BP, Americans are demanding more passion from Barack Obama, says Alex Spillius.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 1:31 am China inflation outstrips targetThe inflation rate in China surpasses the government's target, raising the prospect that Beijing may increase interest rates.Source: BBC News | Business | World Edition | 11 Jun 2010 | 1:23 am Currencies: Dollar gains after upbeat Chinese economic dataThe dollar edges higher against both the euro and the yen, finding support from upbeat data on China’s economy ahead of the latest U.S. figures on retail sales and consumer confidence.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 1:22 am Brewer Fuller sees profits riseBrewer and pub operator Fuller, Smith & Turner reports a 17% rise in profits and says recent sales have been "solid".Source: BBC News | Business | World Edition | 11 Jun 2010 | 1:08 am McDonald's recall of 'Shrek' glasses raises disturbing questionsHow did paint containing the toxic metal cadmium get in about 12 million drinking glasses sold by the fast-food chain? Nobody seems to know or is willing to say publicly. ...Source: RSS feed - channel BNPaperBusiness | 11 Jun 2010 | 1:00 am Bel-Air mansion fetches highest price this year for a U.S. residenceThe 48,000-square-foot French chateau exceeds the previous 2010 record of more than $46.5 million, although the final purchase price isn't released.Los Angeles' high-end residential market just got a jump-start: A mammoth French chateau on 2.2 acres in Bel-Air has been sold for the highest price of any U.S. residence so far this year.
Source: L.A. Times - Business | 11 Jun 2010 | 1:00 am Strike over, Boeing workers return to Long Beach assembly lineProduction of the C-17 cargo plane resumes after the union local approves new contract terms, ending a walkout that began May 11.Assembly of Boeing Co.'s C-17 cargo planes resumed in Long Beach on Thursday after a majority of the 1,700 workers who had walked off their jobs agreed to a new labor contract, ending a nearly monthlong strike at Southern California's last remaining major airplane factory.
Source: L.A. Times - Business | 11 Jun 2010 | 1:00 am Work begins on merger of financial regulatory overhaul billsFacing key differences in some areas, a congressional conference committee holds its first public meeting amid complaints of backroom dealing.Reporting from Washington —
Source: L.A. Times - Business | 11 Jun 2010 | 1:00 am CalPERS to resume seeking an additional $700 million in tax moneyMany board members of California's public pension fund are in favor of the move after legal advice, plus an analysis concluding that it would affect the state's budget deficit less than expected. ...Source: RSS feed - channel BNPaperBusiness | 11 Jun 2010 | 1:00 am Millionaires make a comebackAlthough hit hard during the Great Recession, the wealthy rebounded in 2009, data show.Unemployment remains at near-record levels, and most Americans are struggling to rebuild their battered finances. But the country's wealthy are once again doing just fine, thank you.
Source: L.A. Times - Business | 11 Jun 2010 | 1:00 am British leader gives BP a boostFavorable comments by the prime minister help send the oil giant's stock surging 12.3%.Helped by supportive comments from the new British prime minister and a rally in the broad stock market, shares of beleaguered oil giant BP surged Thursday to their biggest gain since the crisis over the Gulf of Mexico oil spill erupted in April.
Source: L.A. Times - Business | 11 Jun 2010 | 1:00 am Strike over, Boeing workers return to Long Beach assembly lineProduction of the C-17 cargo plane resumes after the union local approves new contract terms, ending a walkout that began May 11. ...Source: RSS feed - channel BNPaperBusiness | 11 Jun 2010 | 1:00 am Work begins on merger of financial regulatory overhaul billsFacing key differences in some areas, a congressional conference committee holds its first public meeting amid complaints of backroom dealing. ...Source: RSS feed - channel BNPaperBusiness | 11 Jun 2010 | 1:00 am Millionaires make a comebackAlthough hit hard during the Great Recession, the wealthy rebounded in 2009, data show. Unemployment remains at...Source: RSS feed - channel BNPaperBusiness | 11 Jun 2010 | 1:00 am British leader gives BP a boostFavorable comments by the prime minister help send the oil giant's stock surging 12.3%. Helped by supportive comments...Source: RSS feed - channel BNPaperBusiness | 11 Jun 2010 | 1:00 am McDonald's recall of 'Shrek' glasses raises disturbing questionsHow did paint containing the toxic metal cadmium get in about 12 million drinking glasses sold by the fast-food chain? Nobody seems to know or is willing to say publicly.It's bad enough that about 12 million potentially toxic "Shrek" drinking glasses were recalled by McDonald's last week.
Source: L.A. Times - Business | 11 Jun 2010 | 1:00 am California exports rise 21.8% in AprilIt's the sixth consecutive month of year-over-year increases for the state, Beacon Economics says.California exports rebounded again in April, jumping 21.8% from the same month last year and creating more confidence among economists that export trade in the state is picking up. April marked the sixth consecutive month of year-over-year increases, according to a Beacon Economics analysis of data released Thursday by the Commerce Department.
Source: L.A. Times - Business | 11 Jun 2010 | 1:00 am CalPERS to resume seeking an additional $700 million in tax moneyMany board members of California's public pension fund are in favor of the move after legal advice, plus an analysis concluding that it would affect the state's budget deficit less than expected.California's troubled, giant public pension fund is preparing to seek an additional $700 million from the state and school districts, after postponing a decision last month because of concerns about the state's massive budget deficit.
Source: L.A. Times - Business | 11 Jun 2010 | 1:00 am California exports rise 21.8% in AprilIt's the sixth consecutive month of year-over-year increases for the state, Beacon Economics says. California...Source: RSS feed - channel BNPaperBusiness | 11 Jun 2010 | 1:00 am Bel-Air mansion fetches highest price this year for a U.S. residenceThe 48,000-square-foot French chateau exceeds the previous 2010 record of more than $46.5 million, although the final purchase price isn't released. ...Source: RSS feed - channel BNPaperBusiness | 11 Jun 2010 | 1:00 am Asia Markets: Japan bank shares jump as minister leavesJapanese banking shares outpace a broader regional market rally, after the controversial Cabinet minister in charge of financial services and postal reform quits.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 12:59 am Currency: NZ dollar ends off session highsThe New Zealand dollar came under a little pressure from profit taking today but still finished above US68c.Both the Australian and New Zealand dollars experienced some profit-taking ahead of a holiday weekend in Australia and...Source: nzherald.co.nz - Business | 11 Jun 2010 | 12:10 am Kerviel took 'stratospheric' riskEx-SocGen trader Jerome Kerviel took "stratospheric" risks that almost brought down the bank, a court hears.Source: BBC News | Business | World Edition | 10 Jun 2010 | 11:53 pm Strikes put China on spot over labor unrest (AP)
Source: Yahoo! News: Business News | 10 Jun 2010 | 11:48 pm China policy outlook murky after mixed bag of dataBEIJING (Reuters) - Chinese inflation quickened to a 19-month high in May, but a moderation of growth in factory output and capital spending eased worries for some analysts that the world's third-largest economy could boil over.
Source: Reuters: Business News | 10 Jun 2010 | 11:35 pm New calculations double rate of oil spill into GulfA new calculation of the amount of oil spilt into the Gulf of Mexico from the fractured BP oilrig has dramatically increased the estimate, suggesting that an amount equivalent to the Exxon Valdez disaster could be pouring into the ocean every eight to ten days. Source: Latest Business News from Times Online | 10 Jun 2010 | 11:21 pm FACTBOX-Who is EMI's Guy Hands?June 11 (Reuters) - Guy Hands briefly embraced punk while at university. Three decades on, Britain's king of securitisation paid 4 billion pounds for EMI in a deal that now epitomises the culture of hubris...Source: RSS feed - channel BNewsBusiness | 10 Jun 2010 | 11:01 pm FACTBOX-Abbey Road studios -- recording historyJune 11 (Reuters) - One of EMI's most famous properties is not a musician or a band but the Abbey Road recording studios, immortalised by the 1969 Beatles album of the same name. Last February, sources...Source: RSS feed - channel BNewsBusiness | 10 Jun 2010 | 11:01 pm SPECIAL REPORT-Guy Hands, Citigroup and the fight for EMI* Boss Guy Hands has rejected offers to sell music companySource: RSS feed - channel BNewsBusiness | 10 Jun 2010 | 10:59 pm UPDATE 1-PepsiCo cancels tender for Thai bottler Serm Suk* Shares down 2.5 percent after cancellation (Adds detail)Source: RSS feed - channel BNewsBusiness | 10 Jun 2010 | 10:44 pm UPDATE 1-Caterpillar, Navistar near $586 mln China truck tie* Caterpillar, Navistar near $586 mln China truck/engine tieSource: RSS feed - channel BNewsBusiness | 10 Jun 2010 | 10:33 pm M.Stanley says subsidiary buys Parkway sharesSINGAPORE, June 11 (Reuters) - UK-based FrontPoint Management LLP, a unit of Morgan Stanley , has bought 75,000 shares of Parkway Holdings , Asia's biggest listed hospital operator, for S$3.83 a share...Source: RSS feed - channel BNewsBusiness | 10 Jun 2010 | 10:23 pm Asia stocks gain on China exports, US jobs figuresAsian stock markets rose Friday, buoyed by optimism that the global economy could weather Europe's debt crisis after China's exports surged and U.S. jobless claims fell. Oil, meanwhile,...Source: RSS feed - channel BNewsBusiness | 10 Jun 2010 | 10:22 pm Spirit Airlines nears deadline with pilotsBoth sides have said they would rather make a deal, and strike threats are a common feature of the endgame of airline negotiations. Still, a Spirit strike could disrupt the travel...Source: RSS feed - channel BNewsBusiness | 10 Jun 2010 | 10:02 pm China May inflation rises to 3.1 percentChina's inflation edged higher in May amid signs that the third-largest economy's rapid rebound from the global downturn is slowing. Consumer prices in May rose 3.1 percent from a year...Source: RSS feed - channel BNewsBusiness | 10 Jun 2010 | 9:58 pm China May inflation rises, industrial growth slowsChina's inflation rose in May amid signs its rapid rebound from the global slump is slowing, adding to pressure on Beijing to control politically sensitive food prices and keep growth on...Source: RSS feed - channel BNewsBusiness | 10 Jun 2010 | 9:48 pm Chinese inflation exceeds 3% targetChinese inflation has exceeded the 3 per cent target set by the government for the year at a time when wage pressures in the economy are intensifying, but other data suggest that growth is slowingSource: Financial Times - US homepage | 10 Jun 2010 | 9:39 pm New Japan govt's corporate tax cut plans: minister (AFP)
Source: Yahoo! News: Business News | 10 Jun 2010 | 9:36 pm Banks reviewing ratesMortgage rates are in a holding patterning following yesterday's OCR announcement, with none of the big banks committing to a move in rates today.The Reserve Bank lifted the Official Cash Rate for the first time in almost three...Source: nzherald.co.nz - Business | 10 Jun 2010 | 9:23 pm Lobbyists swarm over Wall Street billAs lawmakers began the final push Thursday on a comprehensive Wall Street reform bill, lobbyists also made their final push - in legislative hallways, on BlackBerrys and cell phones, and at restaurants and bars near Capitol Hill.Source: Business and financial news - CNNMoney.com | 10 Jun 2010 | 9:22 pm Insider trading suspicions in third of all UK takeoversAlmost a third of the takeovers on the London Stock Exchange last year were preceded by suspicious share price movements, suggesting insider dealing or other market abuse may have been taking place, the UK financial regulator said...Source: nzherald.co.nz - Business | 10 Jun 2010 | 8:45 pm 'Don't panic' over latest tax decision says IRDThe Inland Revenue Department is moving to dampen fears that thousands of small business owners' tax arrangements could fall foul of tax avoidance rules because of last week's landmark Court of Appeal ruling in the so-called "Penny...Source: nzherald.co.nz - Business | 10 Jun 2010 | 8:30 pm Service station right to fire worker - ERAA South Auckland service station worker who violated safety procedures leading to him being attacked, then said he could not take part in a disciplinary process because his glasses were broken in the attack, was justifiably dismissed,...Source: nzherald.co.nz - Business | 10 Jun 2010 | 8:06 pm Vodafone apologises to misled customersVodafone is apologising after complaints of misleading "Red zone" advertisements and overcharging of customers were brought to light.The company's website and staff quoted $10-a-month discounts to some broadband customers who...Source: nzherald.co.nz - Business | 10 Jun 2010 | 7:42 pm FBI to target mortgage fraudThe Federal Bureau of Investigation is preparing a nationwide crackdown on mortgage fraud, the latest in a series of efforts to curb lending practices that contributed to the housing meltdown, according to people familiar with the matterSource: Financial Times - US homepage | 10 Jun 2010 | 7:25 pm Luxury on call: a $70,000 cellphoneVertu, a company owned by Nokia, opens a Beverly Hills boutique that offers handcrafted mobile phones fashioned with gems and precious metals.The party in Beverly Hills featured an object that brought oohs and aahs from the celebrity-dotted crowd.
Source: L.A. Times - Business | 10 Jun 2010 | 7:21 pm Luxury on call: a $70,000 cellphoneVertu, a company owned by Nokia, opens a Beverly Hills boutique that offers handcrafted mobile phones fashioned with gems and precious metals. ...Source: RSS feed - channel BNPaperBusiness | 10 Jun 2010 | 7:21 pm SEC eyes confluence of events as flash crash cause (Reuters)
Source: Yahoo! News: Stock Markets News | 10 Jun 2010 | 6:38 pm SEC eyes confluence of events as flash crash causeMONTREAL (Reuters) - U.S. regulators will most likely find that a confluence of events caused the unprecedented stock market "flash crash" in early May, Securities and Exchange Commission Chairman Mary Schapiro said on Thursday.
Source: Reuters: Business News | 10 Jun 2010 | 6:38 pm No landlord exodus from Budget, finds surveyFears of a mass exodus of investors from the property market as a result of changes to the treatment of tax following this year's budget, have failed to materialise, latest figures show.A survey by property investment website...Source: nzherald.co.nz - Business | 10 Jun 2010 | 6:30 pm OFT launches new inquiry into fees for rights issuesInvestment banks are under fresh pressure over the way they treat clients after the Office of Fair Trading opened a new investigation into rights issue fees. Source: Latest Business News from Times Online | 10 Jun 2010 | 6:01 pm Argos owner hit as World Cup lets down the side in TV salesHome Retail Group revealed a worse than expected fall in sales at Argos this morning, sending its shares down sharply. Source: Latest Business News from Times Online | 10 Jun 2010 | 6:01 pm Should state schools adopt the IGCSE?Yes Source: Latest Business News from Times Online | 10 Jun 2010 | 6:01 pm Jérôme Kerviel’s stock market gambles ‘crazy’ and ‘absurd’Former colleagues of rogue trader Jérôme Kerviel denounced his stock market gambles as absurd and crazy in a Paris courtroom yesterday. Source: Latest Business News from Times Online | 10 Jun 2010 | 6:01 pm Landlord and letting regulations ditchedThe bonfire of red tape that has been growing since the new Government came to power grew bigger yesterday, with the abolition of plans drawn up under Labour to introduce a landlords’ register and to regulate letting agents. Source: Latest Business News from Times Online | 10 Jun 2010 | 6:01 pm Under-fire Prudential chief is frozen out of crucial talksThe Prudential’s leading institutional shareholders have frozen the chief executive out of crunch talks to debate his own future. Source: Latest Business News from Times Online | 10 Jun 2010 | 6:01 pm Goldman faces second investigation as mortgage assets leave bitter tasteSecurities and Exchange Commission investigators are focusing on a second mortgage-backed asset created by Goldman Sachs as they attempt to bolster their $1 billion fraud case against the embattled bank.$ Source: Latest Business News from Times Online | 10 Jun 2010 | 6:01 pm Tough Wall Street bill seen as lawmakers conveneWASHINGTON (Reuters) - U.S. lawmakers proposed no new limits on banks on Thursday as they met to hammer out a final overhaul of Wall Street regulations, but they voiced strong support for measures that directly threaten industry profits.
Source: Reuters: Business News | 10 Jun 2010 | 5:43 pm Phitek CEO Donaldson pushed outMark Donaldson, the chief executive and founder of local tech company Phitek, has been pushed out of his job as shareholders conduct a review of the company's structure. Phitek is one of theSource: nzherald.co.nz - Business | 10 Jun 2010 | 5:30 pm Brit Insurance rejects £785m bid from US buyout firm ApolloBrit Insurance - sponsors of the England cricket team - has rejected a £785m offer from US private equity firm Apollo.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jun 2010 | 5:17 pm Strong start for NZ sharesThe New Zealand sharemarket started the day strongly, following a surge in equities in the United States.Telecom was up 3c early to $1.90, on top of a 6c gain yesterday, having fallen to a record low of $1.79 this week.Among...Source: nzherald.co.nz - Business | 10 Jun 2010 | 5:13 pm Chinese news bolsters world sharemarketsStocks in the US and Europe rose as China's confirmation of strong export data relieved recovery concerns and helped lift the euro.China said exports jumped almost 50 per cent in May from a year ago, reassuring investors about...Source: nzherald.co.nz - Business | 10 Jun 2010 | 5:00 pm End gameMajor League Soccer hopes for a World Cup boostSource: BBC News | Business | World Edition | 10 Jun 2010 | 4:59 pm Win winFifa sees World Cup sponsorship shoot upSource: BBC News | Business | World Edition | 10 Jun 2010 | 4:58 pm New revisionismRussia seeks a PR makeover to improve its imageSource: BBC News | Business | World Edition | 10 Jun 2010 | 4:56 pm Will the BP of the future stand for Big Petroleum - or just bit playerEven at the time of its long-running ad campaign, BP's "Beyond Petroleum" tagline invited alternative phrasings such as Beyond Preposterous and Beyond Platitudes.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jun 2010 | 4:39 pm Asian data boost hopes of demand recoveryThursday 21:20 BST. Thank goodness for Asia. Risk bulls have been saved from another mauling after the East delivered a batch of positive economic news. In a fresh change, gains accelerated toward the...Source: RSS feed - channel BNPaperBusiness | 10 Jun 2010 | 4:38 pm As Airlines Consolidate, American Airlines Left OutLess than 20 months ago, American Airlines (AMR) was the largest airline in the world competing against five smaller and weaker US legacy carriers. Following is a detailed summary of where the legacy/network carriers were, where they are, and where AirlineFinancials.com expects them to go. In October 2008, Delta (DAL) and Northwest merged taking the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 10 Jun 2010 | 4:29 pm Financial regulation compromise takes final shape (McClatchy Newspapers)McClatchy Newspapers - WASHINGTON_ The draft legislation that lawmakers used as their starting point Thursday for writing the final version of the most sweeping overhaul of financial regulation since the Great Depression contains key provisions to combat predatory lending and provide relief from foreclosure.Source: Yahoo! News: Business News | 10 Jun 2010 | 4:29 pm FBI probes hackers' AT&T iPad breachThe FBI is investigating a security breach of AT&T's website that allowed hackers to access the e-mail addresses of iPad owners.Source: Business and financial news - CNNMoney.com | 10 Jun 2010 | 4:22 pm Write-Offs: 06.10.10
$$$ Lehman Probe Begins To Square In On Erin Callan [FBN] $$$ Dear FCIC: Please Unleash The Internet On Goldman Sachs’ Document Dump [CNBC] $$$ “Hi Bess: I saw your post from Monday about Debrahlee Lorenzana, the woman who was fired from Citigroup for being “too hot.” “I wanted to let you know that in 2003, Lorenzana appeared on PLASTIC SURGERY NEW YORK STYLE, a four-part Discovery Health series profiling the inner workings of America’s largest plastic surgery clinic, the Long Island Plastic Surgery Group. Lorenzana’s dramatic before-and-after transformation is chronicled, offering an intimate insight into her motivation to seek and undergo cosmetic surgery. On Saturday, June 12, Discovery Health will exclusively air the series in its entirety from 7 PM-11 PM (ET/PT), with Lorenzana’s episode airing at 9 PM (ET/PT). Broadcast-quality footage and embeddable clips are available by request – let me know if you are interested.”
 Source: Dealbreaker | 10 Jun 2010 | 4:20 pm Government Ups Estimate Of Leak To As High As 40,000 Barrels A DayAccording to the federal government’s Deepwater Horizon Response team, scientists now put the rate of the leak as high as 40,000 barrels a day. BP plc (NYSE: BP) recently estimated it was capturing 15,000 barrels. The new estimates indicate that the amount of crude flowing into the Gulf is still huge and that the spill [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 10 Jun 2010 | 4:14 pm Florida wants $2.5 billion from BP in escrowThe Attorney General of Florida sent a letter to BP asking that the company deposit no less than $2.5 billion into an escrow account to cover future claims to citizens and businesses that have been hit by the oil spill.Source: Business and financial news - CNNMoney.com | 10 Jun 2010 | 4:12 pm Companies plan to fight rise in CGTThe leading private equity trade body is pressing thousands of companies owned by its members to voice their opposition to the Government's plans to raise capital gains tax.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jun 2010 | 4:11 pm Funding costs fall for US companiesBorrowing costs for industrial companies in the US have plunged, allowing some groups to pay the lowest interest rates ever on long-term debt.Source: Financial Times - US homepage | 10 Jun 2010 | 4:10 pm Summary Box: Stocks climb after China trade gain (AP)AP - BROAD GAINS: The Dow Jones industrial average rose 273 points Thursday, its biggest climb since May 27. All major indexes rose more than 2.5 percent.Source: Yahoo! News: Stock Markets News | 10 Jun 2010 | 4:07 pm BA threatens to favour MadridBritish Airways chief executive Willie Walsh has told the Financial Times that the airline will expand in the Spanish city if the government fails to address rising travel plans after scrapping Heathrow’s third runwaySource: Financial Times - US homepage | 10 Jun 2010 | 4:01 pm Stocks surge on US jobs data, China trade growth (AP)
Source: Yahoo! News: Stock Markets News | 10 Jun 2010 | 3:58 pm Dell banks $100 million to settle fraud chargesDell has set aside $100 million for a potential fraud settlement, the company said Thursday, as it nears a resolution with the Securities and Exchange Commission of a mysterious case that has plagued the company for more than five years.Source: Business and financial news - CNNMoney.com | 10 Jun 2010 | 3:53 pm SEC puts in new 'circuit breaker' rules (AP)
Source: Yahoo! News: Stock Markets News | 10 Jun 2010 | 3:44 pm Jobless claims fall slightly, trade gap widensWASHINGTON (Reuters) - The number of U.S. workers filing claims for jobless aid fell modestly last week as the labor market recovery struggled for momentum, while a slip in exports in April supported views of moderate economic growth.
Source: Reuters: Business News | 10 Jun 2010 | 3:37 pm In Vogue Again? Investors Return to Foreign FundsBargains lifted inflows to foreign funds for the first time in weeks.
Source: SmartMoney.com | 10 Jun 2010 | 3:33 pm Homebuyers could get more time for tax creditFirst-time homebuyers looking to land an $8,000 federal income tax credit may have a little more time to close on their purchases if a Senate amendment unveiled Thursday makes it into law.Source: Business and financial news - CNNMoney.com | 10 Jun 2010 | 3:27 pm Investors fear no limit to BP damagesThe reason investors have been panicking about BP over the past couple of days is that the US administration has apparently crossed a line in its determination to take action against the companySource: Financial Times - US homepage | 10 Jun 2010 | 3:15 pm Florida AG Asks For $2.5 Billion From BPFlorida State Attorney General Bill McCollum has requested that BP plc put $2.5 billion in escrow to cover claims arising from the Deepwater Horizon oil spill. He must have learned his “showboating” techniques from former NY State Attorney General Elliot Spitzer, current NY AG Andrew Cuomo, and Connecticut AG Richard Blumenthal , who did not [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 10 Jun 2010 | 3:14 pm Industrial, materials stocks surge on China trade (AP)AP - Shares of commodity, industrial and materials stocks surged Thursday as reports from Asia provided investors some relief from fears about the global economic recovery.Source: Yahoo! News: Stock Markets News | 10 Jun 2010 | 3:13 pm BP shares recoverBP's U.S. shares rallied Thursday after the London-based company said "is not aware of any reason" for a 16% plunge in the shares the day before.Source: Business and financial news - CNNMoney.com | 10 Jun 2010 | 3:13 pm Emerging Markets, CVS, Walgreen, Executive Pay: Taking StockSource: Bloomberg - All Podcasts | 10 Jun 2010 | 3:06 pm The US falls outta love with Big OilThe Gulf of Mexico was meant to be America's the new frontier, where oil companies bankrolled a new black gold-rush.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jun 2010 | 3:00 pm BP Liabilities, Extended Stay: Bloomberg Law Bankruptcy ReviewSource: Bloomberg - All Podcasts | 10 Jun 2010 | 2:52 pm BP oil spill: Oil spill prompts changes at the top of BP boardThere's been a changing of the guard at BP, with Tony Hayward, the oil giant's embattled chief executive sent home from the US to take over day-to-day duties once more in London.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jun 2010 | 2:46 pm Striking could be a bad call for BT unionThe news that pay talks between BT and the Communication Workers Union (CWU) have broken down is bad for the firm but is no better for the union.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jun 2010 | 2:39 pm Doubt over Tory £6bn cuts plansSir Peter Gershon, the man behind the Tories' plan to cut £6bn of public spending this year has raised doubts over whether it will be possible.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jun 2010 | 2:33 pm No Free Lunch… Buffett Lunch Approaching $1M (BRK-A, EBAY)Berkshire Hathaway Inc. (NYSE: BRK-A) is known for its giving back, or at least Warren Buffett is. Each year Buffett auctions off a luncheon at Smith & Wollensky in New York for the winner of an online charity auction. The auction on Ebay Inc. (NASDAQ: EBAY) has seen 45 bids as of 4:00 PM EST [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 10 Jun 2010 | 2:18 pm This Month’s Biggest Index Losers: Surety and Title Insurance, Homebuilders, and Movie Production and Theater StocksThere were strong losses in three Tickerspy indexes over the most recent 30-day period. This month’s biggest fallers are in surety and title insurance stocks, homebuilder stocks, and movie production and theater stocks. Surety and title insurance stocks are down 20.6% in the past month. The worst performing stocks in the sector are Ambac Financial Group, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 10 Jun 2010 | 2:08 pm Is the May 6 "flash crash" in U.S. stock markets the new normal? (Reuters)Reuters - The "flash crash" in U.S. stockmarkets that shook investors on May 6 may be the first of many as the market's herd mentality is exacerbated by ultra fast trading strategies that are rapidly spreading around the world and across asset classes, experts said on Thursday.Source: Yahoo! News: Stock Markets News | 10 Jun 2010 | 1:55 pm Summary Box: SEC puts in new trading halts (AP)AP - NEW RULES IN RESPONSE TO "FLASH CRASH": The Securities and Exchange Commission has put in new "circuit breaker" rules aimed at preventing a repeat of the May 6 stock market plunge, when the Dow industrials lost nearly 1,000 points in less than a half-hour.Source: Yahoo! News: Stock Markets News | 10 Jun 2010 | 1:37 pm JPMorgan faces South Korea probeThe country’s financial watchdog has asked local prosecutors to investigate the veteran head of JPMorgan Chase’s South Korea operations for possible violations of securities lawsSource: Financial Times - US homepage | 10 Jun 2010 | 1:35 pm The effects of long-term unemploymentOnce you're out of work in this recession, you're almost out of luck. Long-term unemployment hasn't been this bad since the 1940s. Job applicants are having to look longer and beat out more competition. Employers, meanwhile, have found ways to get things done without having to hire. Mitchell Hartman reports.Source: Marketplace | 10 Jun 2010 | 1:32 pm Will S. Africa World Cup benefit locals?Six years and $4 billion after South Africa won the right to host this year's World Cup, the first match will soon kick off. Locals are hoping that all the investment in new airports and stadiums will pay off. But Christopher Werth reports not all the expectations for the World Cup's big payoff are going to be realized.Source: Marketplace | 10 Jun 2010 | 1:32 pm 'I'll speak for workers at UC graduation'The keynote speaker at UCLA's graduation will be Gustavo Arellano, author of the syndicated newspaper column "Ask a Mexican!" He was asked to boycott the graduation, but there's a reason he'll take to the stage anyway.Source: Marketplace | 10 Jun 2010 | 1:32 pm Why are colleges leaving conferences?There are rumors the University of Nebraska will leave the Big 12 Conference and Colorado will join the Pac-10. John Ourand of the SportsBusiness Journal talks with Kai Ryssdal about why these defections and realignments are happening.Source: Marketplace | 10 Jun 2010 | 1:32 pm Google, Apple in another spat over dataGoogle is lashing out at Apple over some rules changes for application developers. The new terms could keep Google and other Apple rivals from placing ads inside iPhone and iPad applications. The search giant calls Apple's proposed rules a threat to healthy competition. Janet Babin reports.Source: Marketplace | 10 Jun 2010 | 1:31 pm Lawmakers eye suspending BP dividendPeople are starting to pay a lot of attention to BP shareholders, specifically the dividend they're scheduled to get in a couple of months. That dividend is one of the only attractive things left about being a BP shareholder, unless Washington has anything to say about it. Jeremy Hobson reports.Source: Marketplace | 10 Jun 2010 | 1:31 pm Why more people quitting jobs is goodThe Bureau of Labor Statistics tells us that more people are quitting their jobs than are getting laid off. And that's a good thing. Stacey Vanek Smith explains.Source: Marketplace | 10 Jun 2010 | 1:31 pm Gold share classes boost returns for PaulsonGold-denominated investments in the $34bn hedge fund manager run by John Paulson have more than doubled underlying returns in the group’s funds for clientsSource: Financial Times - US homepage | 10 Jun 2010 | 1:15 pm Kenneth Starr’s Wife Might Need To Get A Job
 If she has to, she has to. When you marry a rich man whose income affords you the opportunity to quit your job, it’s important to have a skill-set to fall back on in the event it turns out he’s running a Ponzi scheme. Luckily, Diane Passage, who was told by an SEC lawyer today that regulators will “oppose any attempt to unfreeze [her husband Kenneth] Starr’s crooked assets to cover living expenses for her and her 12-year-old son Jordan” has got some extremely monetizable skills as a former stripper.
Who will step up to the plate and give this lady a job? Kenneth Starr’s wife may have to start stripping again [NYP via DI]
Source: Dealbreaker | 10 Jun 2010 | 1:00 pm The best a man can get – Japan’s bonds given hard sellWhile many countries are urging citizens to buy sovereign debt to shore up national finances, Japan, the most indebted government in the world, has probably the most novel approachSource: Financial Times - US homepage | 10 Jun 2010 | 12:53 pm Schork Not Recommending ETF Oil Investments: AudioSource: Bloomberg - All Podcasts | 10 Jun 2010 | 12:48 pm 5 Tips for Increasing Website ConversionsThis is a guest post by Brandon Laughridge of CustomSigns.com. An effective call-to-action is a critical component of website conversions. It should not be limited to ecommerce sites. Every page of every website should have a goal or objective for users to complete and a call to action pushes users in that direction. So to maximize conversions for your site, here are five tips for writing an effective call-to-action. 1. An Effective Lead-In Think of the infomercials that play through the middle of the night. Right before they tell you the price and give you the phone number they tell you how great their product and service is. Follow their example, and briefly tell people why they should respond. 2. The Right Language · Donate All of these terms build urgency and push the users to take action. To build this sense of urgency even more combine the action words with time-sensitive phrases like: · Now 3. Use Effective Placing 4. Try Different Colors Take my friend’s site, SuretyBonds.com, as an example.
Note the green button in center of the screen? This is an effective use of color to draw attention to a call-to-action. Sometimes a big button can be tacky, but sometimes that actually helps conversions by making the call-to-action stand out even more than it would normally. With these five steps, you’ll be able to draw visitors’ eyes where you want and ultimately translate users into conversions. Remember that these tips don’t apply merely to ecommerce and lead generation sites; they can be effectively used to increase email signups on your blog, obtain more leads, or increase the number of phone calls you receive. This guest post was written by Brandon of CustomSigns.com. They specialize in custom sign printing for a variety of industries with an emphasis on helping small business entrepreneurs.
Source: Business Pundit | 10 Jun 2010 | 12:40 pm Immigration Helps the Markets (Tradecraft)Hoenig: Open the border, boost the economy.
Source: SmartMoney.com | 10 Jun 2010 | 12:15 pm Douglas Kass, Brian Rogers, Michael Holland: On the EconomySource: Bloomberg - All Podcasts | 10 Jun 2010 | 11:17 am Boiler Room Guy Said He Was a Former SEC Employee
Source: Dealbreaker | 10 Jun 2010 | 11:17 am Patterson, Lynn, Greenlaw, Doll, Tisch, Dennis: SurveillanceSource: Bloomberg - All Podcasts | 10 Jun 2010 | 11:14 am Is Start-Up Savvy in Your DNA? (Smart Ideas)Ponder this before paying for an MBA: Some entrepreneurial traits are genetic.
Source: SmartMoney.com | 10 Jun 2010 | 10:20 am Presented By:Source: Dealbreaker | 10 Jun 2010 | 9:49 am Weidner: Crisis Commission Needs a Swift Kick in the Ass
Washington’s Wall Street Inquiry: Boring, Buffeted and Bland [WSJ]
Source: Dealbreaker | 10 Jun 2010 | 9:49 am The REAL Top 5 Jobs for College GradsThe is a guest post by Wall St. Cheat Sheet’s Damien Hoffman. Forget all that general advice. Wall St. Cheat Sheet has put together a detailed list of the REAL Top 5 Jobs for College Grads: 5. Oncologist
We have mobile devices coming out of our asses and WiFi beaming us 24/7. Do you really think organic tissue can withstand the radiation? We also have tons of chemicals (and now meds) in our water supply and tons of other toxins in our processed foods. The human body can’t evolve fast enough to adapt. But if you’re an oncologist, you won’t have enough time to read Darwin because you’ll be working. Get those MCAT flashcards ready. 4. Health Tech Manager
The Boomers are entering their elder years. There will be no shortage of failed prostates, knees, and backs. Who will be capitalizing on this trend? The health technology industry. Companies such as Intuitive Surgical (Nasdaq: ISRG) — a Wall St. Cheat Sheet Premium stock pick — and GE Healthcare (NYSE: GE) will continue to grow no matter how crappy the economy. Our advice is to get any job you can in this sector — the more technological, the better. Your pay will continue to rise while competent workers are hard to find in this fast growing space. On the flip side, home and nursing home care providers will continue to see wages slip as community college grads continue to flood that market. 3. Dollar Store Owner
If you believe the economy is eliminating the middle class, Dollar Tree Stores (NYSE: DLTR), Family Dollar Stores (NYSE: FDO), and Dollar General (NYSE: DG) will continue to benefit. As wages remain stagnant and the cost of living continues to inflate, tens of millions of people will spend more of their household budget on the cheapest possible goods. If you are a part owner in a Dollar Store, you’ll be providing a valuable service in your community. 2. Coder
Forget learning Mandarin or Spanish. Learn to speak code! If you know how to speak code, you can develop Apple (Nasdaq: AAPL) iPhone or Google (Nasdaq: GOOG) Android apps. Or you can build websites or other software which has immediate demand. Already, high school kids are getting rich as translators of tech languages. Just imagine if they had some more life experience under their belt and understood what markets were begging for new software. That’s your chance to use your youth and smarts to instantly make money. 1. Tax Attorney
The tax attorney business is about to boom like tech stocks in 1999. The US deficits and debts are obscene — and they will have to be paid. Enter stage left: tax hikes for all! The buzz word in the movie The Graduate was “plastics”, but today you’ll want to remember the term, “tax efficiency experts.” These experts (AKA, tax attorneys) will become so popular, I believe the tax efficiency market once reserved for the upper class will expand significantly to include the middle class. Just wait and see: keeping up with the Joneses will mean following their money offshore. If you are looking for a lucrative recession proof job, a well-suited tax attorney may be the best prospect for you. Damien Hoffman is the Editor-in-Chief of Wall St. Cheat Sheet.
Source: Business Pundit | 10 Jun 2010 | 9:35 am Google Background Image Forced On Users
Starting today, and for the next 24 hours, Google is putting background images on its homepage. If you open Google.com’s homepage, you’ll see one of the images, which replace the comforting white that has been there for more than a decade. The idea is to nudge users into customizing their Google homepages with their own images. Search Engine Land has more: About a week ago, Google began letting users to upload their own background images on Google.com, to help them customize the Google home page. To drive more awareness to this feature and to inspire users to change their home page, Google teamed up with “several well-known artists, sculptors and photographers to create a gallery of background images you can use to personalize your Google homepage.” Over the next 24 hours, when you visit Google.com, the home page will feature one of those custom backgrounds. The artists and pictures come from Dale Chihuly, Jeff Koons, Tom Otterness, Polly Apfelbaum, Kengo Kuma (隈研吾), Kwon, Ki-soo (권기수) and Tord Boontje, as well as some incredible photos from Yann Arthus-Bertrand and National Geographic. Also, this feature of changing the home page is now available internationally. The funny thing is that Google now looks an awful lot like Bing. I’m not sure alarming users with a non-mandatory background image was the right way to gently remind them to upload their own. You can’t remove the background image today, but you can change it by clicking “Change Background Image” on the bottom left corner of the Google.com homepage (note that the text of this link is white). You have to log into your Google account, then select a different image. If you’re into white, there’s an image of snow…but really, being able to remove the image should be an option, too.
Source: Business Pundit | 10 Jun 2010 | 9:05 am Boaz Weinstein Kills it in May . . .
Here’s some other winners and losers from May:
Weinstein Profits From Bond Distress as Paulson Loses [Bloomberg]
Source: Dealbreaker | 10 Jun 2010 | 8:46 am Debrahlee Lorenzana Turns To Kim Kardashian For Advice
Source: Dealbreaker | 10 Jun 2010 | 8:35 am Opening Bell: 06.10.10
Goldman Sachs $2 Billion Hudson CDO Said to Be Target of Second SEC Probe (Bloomberg) BP And Officials Block Some Coverage Of The Spill (NYT) How the United States Became a PR Disaster for Deutsche Bank (Spiegel) Buffett Lunch Draws $700, 100 Bid as Pace Quickens (Reuters) Bearded Women Challenge French ‘Boys Club’ Boards in Paris (Bloomberg) So This Guy’s Out There (TRB) Taleb: Debt Spreading ‘Like Cancer’ (CNBC) `Liquidity Seizure’ May Drag World Into Recession, Nomura’s Schulte Says (Bloomberg)
Source: Dealbreaker | 10 Jun 2010 | 7:30 am Purps on European Debt Crisis, Page on Bernanke: First WordSource: Bloomberg - All Podcasts | 10 Jun 2010 | 6:52 am Mission Accomplished
Source: Business Pundit | 10 Jun 2010 | 4:45 am
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