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Spirit Airlines pilots strike (AP)
Source: Yahoo! News: Business News | 12 Jun 2010 | 4:13 am Auto Review: The 2011 Mercedes Benz R-ClassEven the greats of baseball struck out with the bases loaded and the game on the line. (Truth be told, my baseball career ended when I saw my first curve ball.)
Source: MarketWatch.com - Top Stories | 12 Jun 2010 | 4:00 am Obama, British PM to discuss BP's Gulf oil spill (AP)
Source: Yahoo! News: Business News | 12 Jun 2010 | 3:55 am EU leaders to press ahead on bank tax: documentEU leaders are to throw their support behind proposals for a European tax on banks to help bear the huge costs of financial crises, according to a document obtained by AFP on Saturday. ...Source: RSS feed - channel BNewsBusiness | 12 Jun 2010 | 2:46 am EU leaders to press ahead on bank tax: document (AFP)
Source: Yahoo! News: Business News | 12 Jun 2010 | 2:46 am Obama, Britain's Cameron to talk about oil spillWith a British company the villain, the Gulf oil spill is raising tensions on both sides of the Atlantic. President Barack Obama and British Prime Minister David Cameron plan to discuss...Source: RSS feed - channel BNewsBusiness | 12 Jun 2010 | 1:24 am Spill oil to seep into supply chain as BP sells it (AP)
Source: Yahoo! News: Business News | 12 Jun 2010 | 1:23 am Gulf oil spill upping price for domestic shrimp (AP)
Source: Yahoo! News: Business News | 12 Jun 2010 | 1:21 am Spill oil to seep into supply chain as BP sells itOil from nation's worst spill could soon end up at gas stations once BP sells the crude taken from a ruptured well in the Gulf of Mexico to raise money for wildlife protection. BP PLC...Source: RSS feed - channel BNewsBusiness | 12 Jun 2010 | 1:06 am Gulf oil spill upping price for domestic shrimpU.S. shrimpers who comb seas unaffected by the oil-slickened Gulf are raising prices as demand for their catch rises, bringing a potential respite from some tough years. Fishermen in...Source: RSS feed - channel BNewsBusiness | 12 Jun 2010 | 1:05 am One New Agriculture Stock Added to S-Network ITG Agriculture Index in Quarterly RebalancingSource: RSS feed - channel BNewsBusiness | 12 Jun 2010 | 1:01 am International Trade Commission to probe HTC allegations that Apple infringes its technologyA U.S. trade panel said Friday that it would investigate allegations made by HTC Corp. that Apple Inc. infringes its technology, as HTC seeks to win a ban on the U.S. sale of iPhones, iPads and iPods...Source: RSS feed - channel BNPaperBusiness | 12 Jun 2010 | 1:00 am Earning zero and feeling goodAmericans are playing it safe with savings despite low interest rates.Has the modern world ever been willing to earn so little on so much?
Source: L.A. Times - Business | 12 Jun 2010 | 1:00 am Earning zero and feeling goodAmericans are playing it safe with savings despite low interest rates. Has the modern world ever been willing...Source: RSS feed - channel BNPaperBusiness | 12 Jun 2010 | 1:00 am Is a college degree still worth it?As U.S. employment patterns evolve, a diploma is no longer a guarantee of a better job and higher pay.As the warm glow of college commencement ceremonies gives way to the cold reality of today's job market, this year's graduates and their anxious parents might be tempted to wonder whether it was worth it.
Source: L.A. Times - Business | 12 Jun 2010 | 1:00 am TARP repayments exceed outstanding bailout debt, Treasury saysBanks have returned $194 billion, topping the $190 billion in TARP funds still outstanding. The news is hailed as a milestone for the controversial program. ...Source: RSS feed - channel BNPaperBusiness | 12 Jun 2010 | 1:00 am Californians more upbeat on economy, but still not spending, report saysThe survey indicates that consumers don't expect general economic improvement to help them. Californians feel...Source: RSS feed - channel BNPaperBusiness | 12 Jun 2010 | 1:00 am Spirit pilots' contract talks continue as deadline loomsA strike was scheduled to begin at midnight in a labor dispute with wide implications. Pilots of Spirit Airlines...Source: RSS feed - channel BNPaperBusiness | 12 Jun 2010 | 1:00 am John Kerin named president and CEO of commercial real estate brokerage Marcus & MillichapOne of the country's largest commercial real estate brokerages, Marcus & Millichap Real Estate Investment Services, has named a new president and chief executive.Source: RSS feed - channel BNPaperBusiness | 12 Jun 2010 | 1:00 am Turning your $25 into loans for students in developing nationsVittana enables the average person to help low-income learners in places such as Nicaragua and Vietnam. There's a 97% return rate, on average. ...Source: RSS feed - channel BNPaperBusiness | 12 Jun 2010 | 1:00 am Angry Britons have BP's backAs the Obama administration has joined U.S. politicians lambasting BP for the gulf oil spill, a plume of anger is rising across the Atlantic at what many see as an unfair castigation of a British icon.He may still be more popular in Britain than he is in America, but these days the Brits have a new message for President Obama.
Source: L.A. Times - Business | 12 Jun 2010 | 1:00 am Spirit pilots' contract talks continue as deadline loomsA strike was scheduled to begin at midnight in a labor dispute with wide implications.Pilots of Spirit Airlines were scheduled to walk off the job early Saturday morning if last-ditch negotiations failed to produce an agreement with the controversial discount carrier.
Source: L.A. Times - Business | 12 Jun 2010 | 1:00 am Google tells lawmakers it never used Wi-Fi dataThe search giant apologizes for collecting personal information in surveys by its 'Street View' vehicles. Key House members aren't satisfied.Google Inc. has told lawmakers that it never analyzed or used any of the information that it says it accidentally sucked up while collecting data about public Wi-Fi networks in more than 30 countries.
Source: L.A. Times - Business | 12 Jun 2010 | 1:00 am Turning your $25 into loans for students in developing nationsVittana enables the average person to help low-income learners in places such as Nicaragua and Vietnam. There's a 97% return rate, on average.As she stood onstage at her graduation ceremony in Managua, Nicaragua, Luceymi Maria Lopez Lopez described how the diploma felt in her hand.
Source: L.A. Times - Business | 12 Jun 2010 | 1:00 am Angry Britons have BP's backAs the Obama administration has joined U.S. politicians lambasting BP for the gulf oil spill, a plume of anger is rising across the Atlantic at what many see as an unfair castigation of a British icon...Source: RSS feed - channel BNPaperBusiness | 12 Jun 2010 | 1:00 am Obama renews push for small-business planThe president calls on Congress to pass proposals aimed at stimulating hiring. The measures include tax relief and increased loan limits. ...Source: RSS feed - channel BNPaperBusiness | 12 Jun 2010 | 1:00 am Google tells lawmakers it never used Wi-Fi dataThe search giant apologizes for collecting personal information in surveys by its 'Street View' vehicles. Key House members aren't satisfied. ...Source: RSS feed - channel BNPaperBusiness | 12 Jun 2010 | 1:00 am TARP repayments exceed outstanding bailout debt, Treasury saysBanks have returned $194 billion, topping the $190 billion in TARP funds still outstanding. The news is hailed as a milestone for the controversial program.The Treasury Department on Friday hailed what it called a milestone in the history of the controversial $700-billion bailout fund: For the first time, the amount repaid by banks and other recipients has surpassed the outstanding balance.
Source: L.A. Times - Business | 12 Jun 2010 | 1:00 am Obama renews push for small-business planThe president calls on Congress to pass proposals aimed at stimulating hiring. The measures include tax relief and increased loan limits.President Obama urged passage of his proposals to stimulate hiring by small businesses through tax credits and lending incentives, arguing that similar measures are partly responsible for the economic recovery over the last few months.
Source: L.A. Times - Business | 12 Jun 2010 | 1:00 am Spirit Airlines and pilots keep talkingPilots had threatened to strike early Saturday if they didn't get a deal. But the talks were extended twice, suggesting the two sides have found enough common ground to keep the...Source: RSS feed - channel BNewsBusiness | 12 Jun 2010 | 12:34 am BP to discuss dividends on MondayBP directors will meet on Monday to discuss whether to suspend dividends to shareholders, the BBC learns.Source: BBC News | Business | World Edition | 12 Jun 2010 | 12:11 am U.S. yuan bill would be against WTO rules: China (Reuters)Reuters - Proposed U.S. legislation aimed at punishing China unless it lets the yuan rise would not be in line with World Trade Organization rules, China's Ministry of Commerce said on Saturday.Source: Yahoo! News: Business News | 11 Jun 2010 | 11:13 pm U.S. yuan bill would be against WTO rules: ChinaBEIJING (Reuters) - Proposed U.S. legislation aimed at punishing China unless it lets the yuan rise would not be in line with World Trade Organization rules, China's Ministry of Commerce...Source: RSS feed - channel BNewsBusiness | 11 Jun 2010 | 11:13 pm U.S. yuan bill would be against WTO rules: ChinaBEIJING (Reuters) - Proposed U.S. legislation aimed at punishing China unless it lets the yuan rise would not be in line with World Trade Organization rules, China's Ministry of Commerce said on Saturday.
Source: Reuters: Business News | 11 Jun 2010 | 11:13 pm Foreign investment in China up 27 percent in MayForeign investment in China rose 27 percent in May from a year earlier to more than $8 billion, an official said Saturday. Foreign entities invested $8.132 billion in the country during...Source: RSS feed - channel BNewsBusiness | 11 Jun 2010 | 11:11 pm Bank payments system 'confusing'A system to simplify and speed up banking transactions is branded "unfair and confusing" by the consumer watchdog Which?Source: BBC News | Business | World Edition | 11 Jun 2010 | 11:07 pm Spirit Airlines talks extended 2 hoursA union hot line message recorded soon after the 12:01 a.m. EDT strike deadline says the National Mediation Board asked for the talks to keep going. The mediation board has been guiding...Source: RSS feed - channel BNewsBusiness | 11 Jun 2010 | 10:20 pm Outside the Box: Revisiting the ideas of Ayn RandOne word above all lives in infamy in Ayn Rand’s lexicon: altruism.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 10:01 pm Stocks to Watch: Stocks to watch Monday: La-Z-boy, CarnivalAmong the companies whose shares are expected to see active trading in Monday's session are La-Z-boy Inc. and Carnival Corp.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 10:01 pm Market Snapshot: U.S. stock market looking for solid footingInvestors are likely to continue riding the same volatile wave that has them more focused on environmental disasters and geopolitical events than economic reports and corporate earnings.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 10:01 pm Warren Buffett lunch price tops $2 millionThe price of lunch with billionaire investor Warren Buffett has topped $2 million. The final price of $2.6 million was announced Friday night after this year's online charity auction...Source: RSS feed - channel BNewsBusiness | 11 Jun 2010 | 9:45 pm Letting agents 'let off the hook'The government is under fire for its decision to scrap plans for tougher regulation of the letting industry.Source: BBC News | Business | World Edition | 11 Jun 2010 | 9:08 pm Warren Buffett lunch sells for $2.63 million on eBayNEW YORK (Reuters) - A bidder has agreed to pay $2.63 million for a steak lunch with the billionaire investor Warren Buffett in a charity auction held on eBay Inc's website.
Source: Reuters: Business News | 11 Jun 2010 | 9:03 pm Trade numbers rise sharply at ports of Los Angeles and Long BeachThe increase indicates that retailers are restocking store shelves in anticipation of more consumer spending and is another sign that the economy is picking up steam, analysts say.Trade numbers were up sharply in May at the ports of Los Angeles and Long Beach, the nation's busiest seaport complex, officials said Friday, another sign that the economy is picking up steam.
Source: L.A. Times - Business | 11 Jun 2010 | 7:16 pm Drop in retail sales casts doubt on economic recoveryMany economists had looked to consumers to lead the way back to prosperity, but the latest sales data raise concerns.Retail sales unexpectedly tumbled in May in the biggest drop in eight months, raising a vexing question for the nation's still-shaky economy: If consumers are not going to lead the way back to prosperity and additional stimulus spending by the government isn't likely, what's going to keep the recovery alive?
Source: L.A. Times - Business | 11 Jun 2010 | 7:04 pm Regulators close Seattle bank, total now 82WASHINGTON (Reuters) - U.S. regulators seized Washington First International Bank in Seattle on Friday evening, bringing the total of failures so far this year to 82.
Source: Reuters: Business News | 11 Jun 2010 | 6:56 pm Regulators shut Seattle-based bank (AP)AP - Regulators on Friday shut down a bank in Washington, bringing to 82 the number of U.S. bank failures this year.Source: Yahoo! News: Business News | 11 Jun 2010 | 6:48 pm BP's failures on the Gulf made worse by PR woes (AP)
Source: Yahoo! News: Business News | 11 Jun 2010 | 6:30 pm Money manager arrested, accused of fraud (AP)AP - Authorities arrested Friday a money manager accused of defrauding people by promoting investments he claimed were linked to the royal Chimay family of Belgium.Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 6:13 pm Time for BP to make a gestureEnough is enough. BP should grit its teeth and scrap the dividend. It should announce the suspension within days. And it should consider backdating the new self-denying ordinance to include the first-quarter dividend that has already been declared and re-affirmed and is due to be paid out on Monday week. Source: Latest Business News from Times Online | 11 Jun 2010 | 6:01 pm Bankers bounce back in Birthday HonoursAfter several years in the doghouse, bankers apparently are back in favour at Buckingham Palace. One of Britain’s smoothest and best-connected financiers, and a veteran of the much- derided Goldman Sachs to boot, has been granted a knighthood in the Queen’s Birthday Honours. Source: Latest Business News from Times Online | 11 Jun 2010 | 6:01 pm Vince Cable won’t rescue weakened BP if foreign predator attempts takeoverVince Cable, the Business Secretary, believes that BP should be left to fend for itself if its distressed state triggers an unwanted takeover approach from a foreign rival. Source: Latest Business News from Times Online | 11 Jun 2010 | 6:01 pm BHP tells Australia to come clean on taxThe chairman of BHP Billiton has accused the Australian Government of not telling the truth about how much the world’s largest mining company pays in tax. Source: Latest Business News from Times Online | 11 Jun 2010 | 6:01 pm Britons do not believe Bank of England inflation figureThe Bank of England admitted yesterday that most people simply did not believe that its target of 2 per cent inflation over the next year was credible. Source: Latest Business News from Times Online | 11 Jun 2010 | 6:01 pm Nimby housing protesters face higher council taxThe Government is planning an overhaul of the council tax to fund the building of new homes for first-time buyers and families. Source: Latest Business News from Times Online | 11 Jun 2010 | 6:00 pm Tapping fans' energy for futureSoccer fans will be hoping businessman and former schoolboy goalie Mark Stewart is a safe pair of hands to help secure the future of the sport in New Zealand.Stewart is chairman of the Football Foundation - a charitable trust...Source: nzherald.co.nz - Business | 11 Jun 2010 | 6:00 pm FTC to investigate Apple - reportFederal regulators will investigate whether Apple's business practices harm competition in the market for software used on mobile devices, according to a published report.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 5:57 pm HELP WANTED: Let us polish your resumeMarketplace Money is looking for resumes to take to a resume doctor. Submit yours to be considered for an on-air consultation during our special episode next week from Chicago. Visit our show page for details.Source: Marketplace Money | 11 Jun 2010 | 5:46 pm Morgan Stanley, JPMorgan set to lead GM IPO: sourceNEW YORK/DETROIT (Reuters) - Morgan Stanley and JPMorgan Chase & Co are likely to be the lead underwriters in General Motors' initial public offering, a source said on Friday, a role more attractive for its prestige than its fees.
Source: Reuters: Business News | 11 Jun 2010 | 5:39 pm Morgan Stanley, JPMorgan set to lead GM IPO: source (Reuters)
Source: Yahoo! News: Business News | 11 Jun 2010 | 5:39 pm Europe and economic data to call stocks' tune (Reuters)
Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 5:32 pm Europe and economic data to call stocks' tuneNEW YORK (Reuters) - U.S. stock investors will keep a close eye on Europe next week, looking for signs the debt crisis may be stabilizing, while industrial production, housing starts and inflation data may offer more clues on the U.S. economic outlook.
Source: Reuters: Business News | 11 Jun 2010 | 5:32 pm Racing certaintyCarmakers vie for success in gruelling Le Mans raceSource: BBC News | Business | World Edition | 11 Jun 2010 | 5:15 pm Weekend Investor: Pack your portfolio with travel-sector stocksAs Americans hit the road in larger numbers this summer after a couple of grim years, some companies that cater to the leisure traveler look particularly scenic. So pack the kids and the sunscreen in the car -- and some of these stocks in your portfolio.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 5:09 pm How the public perceives BP, GoldmanThe British market research firm YouGov is out with a new Brand Index -- a measurement of how the public perceives certain brands. You know where this is going, right? BP's reputation? Bad. Goldman's? Worse.Source: Marketplace | 11 Jun 2010 | 4:56 pm BP oil spill: Tony Hayward warns top BP investors it's 'likely' to suspend dividendTony Hayward warns BP's top institutional shareholders that he is now "likely" to suspend the dividend for up to two quarters.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 4:55 pm GM picks JPMorgan and M Stanley to lead IPOThe initial public offering will mark the latest step in efforts to revive a manufacturer whose decades of missteps reduced what was once a paragon of US industrial might into a national disappointmentSource: Financial Times - US homepage | 11 Jun 2010 | 4:55 pm The TARP Money-Back GuaranteeThe Treasury Department reported that in May TARP repayments to taxpayers have, for the first time, surpassed the total amount of TARP funds outstanding. “Treasury’s report showed that, through the end of the May, TARP repayments had reached a total of $194 billion, which exceeded the total amount of TARP funds outstanding ($190 billion) by [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 4:47 pm Top Ten: MarketWatch's top 10 stories, June 7-11U.S. stocks end the week with decent gains, thanks mostly to one bang-up day when the Dow Jones Industrial Average rose nearly 300 points on positive economic news and statements from policy makers.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 4:35 pm Blockbuster in bankruptcy financing talks: reportNEW YORK (Reuters) - Blockbuster is in talks with bondholders to get a $150 million debtor-in-possession loan, a sign the movie rental company could be closer to seeking Chapter 11 protection, the Wall Street Journal reported on Friday.
Source: Reuters: Business News | 11 Jun 2010 | 4:34 pm Retail sales slump but consumer mood perks upWASHINGTON (Reuters) - Sales at U.S. retailers unexpectedly fell in May for the first time in eight months, but a jump in consumer sentiment to a near 2-1/2 year high in early June tempered fears of a slowing economic recovery.
Source: Reuters: Business News | 11 Jun 2010 | 4:24 pm Washington Calendar: Washington events for June 14-18A look at the key economic data and news events in Washington during the week.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 4:08 pm Liam Dann : Gulf spill may put dampener on NZ oil drillingIs the attention New Zealand is getting from foreign oil prospectors accelerating?Or is it just that those news snippets about drilling licences and geological data tend to leap off the page a bit more against the backdrop of...Source: nzherald.co.nz - Business | 11 Jun 2010 | 4:00 pm Resolution wrong-foots market with £2.5bn Axa bidClive Cowdery plots audacious £2.5bn bid for Axa UK's life insurance business.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 3:58 pm BP oil spill: Paddy Power offers bets on which animal will be the first to become extinctOh dear. Anyone of more sensitive nature look away now. Bookie Paddy Power is offering odds on the Gulf of Mexico oil disaster.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 3:54 pm Health Reform's Long-Term Care OptionShould you wait for the government option or shop around?
Source: SmartMoney.com | 11 Jun 2010 | 3:50 pm Darling hid £7bn ‘good news’ from BrownPM only told the day before final Budget, just weeks ahead of the election, in a move that in effect left a £7bn present for his Conservative successorSource: Financial Times - US homepage | 11 Jun 2010 | 3:49 pm Write-Offs: 06.11.10
$$$ SEC’s regional offices present managerial problems, become an obstacle to reform [WaPo] $$$ Goldman’s CDO Woes Mean Dollar Signs For Laywers [Reuters] $$$ Klarman Tops Griffin as Hedge-Fund Investors Hunt for `Margin of Safety‘ [Bloomberg]
 Source: Dealbreaker | 11 Jun 2010 | 3:48 pm Dow posts first weekly gain in nearly a month (AP)
Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 3:47 pm Wall Street climbs in late advance on chip makers (Reuters)
Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 3:44 pm Summary Box: Dow logs first weekly gain in a month (AP)AP - STRONGER WEEK: The Dow Jones industrials rose 39 points Friday to climb 2.8 percent for the week. It was the first weekly advance in a month and the best week since mid-February.Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 3:43 pm Tech Rally: Is There Any Life Left? (Broker Talk)Market watchers discuss which tech stocks still have room to grow.
Source: SmartMoney.com | 11 Jun 2010 | 3:40 pm BP oil spill: Standard Life defends energy giant's reaction to disasterStandard Life, a top 10 investor in BP, has defended the oil giant's response to the Gulf of Mexico spill and praised its chief executive, Tony Hayward.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 3:37 pm Banks set new store on building gold vaultsThe growing interest in the metal among investors worried about the global economy and Europe’s sovereign debt crisis has led to a shortage of long-term storage spaceSource: Financial Times - US homepage | 11 Jun 2010 | 3:33 pm Getting Married in Second-Hand Gear (Smart Spending)The new lure of gently used wedding gowns and divorcees' diamonds.
Source: SmartMoney.com | 11 Jun 2010 | 3:32 pm Cowdery close to deal for lion’s share of Axa’s UK life businessClive Cowdery’s Resolution bid vehicle is in advanced talks with Axa to buy most of the French insurer’s UK life business for about £2.8 billion. Source: Latest Business News from Times Online | 11 Jun 2010 | 3:30 pm Home ownership isn't what it used to beReporter Curt Nickisch talks to one New Hampshire family who doesn't necessarily think home ownership has led them to the American Dream.Source: Marketplace Money | 11 Jun 2010 | 3:30 pm Eastern Europe, YRCW, Asset Allocation: Taking StockSource: Bloomberg - All Podcasts | 11 Jun 2010 | 3:29 pm BP dividend fight heats upThe pressure on BP to suspend its quarterly dividend payment continued to grow Friday, with a possible showdown looming next week.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 3:27 pm SEC accuses money manager Chimay of fraud (AP)AP - Federal regulators have filed civil fraud charges against a money manager they accuse of bilking people by promoting investments he claimed were linked to the Chimay royal family of Belgium.Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 3:24 pm How the major stock indexes fared on Friday (AP)AP - The Dow Jones industrial average has logged its first winning week in a month.Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 3:20 pm Personal Finance Daily: Being a parent doesn't come cheapIt costs a middle-income family $222,000 to raise a child from birth to age 17, and that's before you start paying for college, according to government data this week.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 3:20 pm Google tells lawmakers data gathering was legalU.S. lawmakers on Friday published a letter from Google Inc. responding to concerns about the company's gathering of personal data through wireless networks, which argues that the process did not break any laws.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 3:19 pm Scottwood Capital’s Advance Of Month End Ass-Grovelling Letter May Not Have Been Necessary
Source: Dealbreaker | 11 Jun 2010 | 3:18 pm Earnings schedule for week of 6/14/2010 (AP)AP - Major companies tentatively scheduled to report quarterly earnings next week:Source: Yahoo! News: Business News | 11 Jun 2010 | 3:15 pm Market Snapshot: Stocks end higher amid mixed consumer signalsThe stock market finishes the second week of June on a high note, posting gains both for Friday's session and the week as investors look past a surprise drop in U.S. retail sales to focus on upbeat consumer sentiment and reduced fear over European debt.
Source: MarketWatch.com - Top Stories | 11 Jun 2010 | 3:15 pm BP ready to suspend dividend pay-outsBP executives will promise President Obama to retain sufficient cash to meet all legitimate claims, which analysts say could range from $5bn to $40bnSource: Financial Times - US homepage | 11 Jun 2010 | 3:05 pm BP oil spill: can the UK energy giant afford to pay the bill?BP says it's got the cash to pay for its oil spill, but America is not taking any chances.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 3:00 pm Board named for NZX clearing houseA former investment banker will head the board of the NZX's long-awaited clearing house business.Pip Dunphy, a former executive director with Goldman Sachs JBWere, was yesterday appointed to chair a three-strong board for NZ Clearing...Source: nzherald.co.nz - Business | 11 Jun 2010 | 3:00 pm Brian Gaynor : Rate rise puts spotlight on kiwi dollarThe New Zealand economy is on the up and Reserve Bank Governor Alan Bollard has begun to assert his authority again.On Thursday he raised the Official Cash Rate (OCR) from 2.5 per cent to 2.75 per cent and signalled that the days...Source: nzherald.co.nz - Business | 11 Jun 2010 | 3:00 pm A glimpse into the future of journalismThere was a new byline on the business pages of the Daily Tribune in Michigan last Sunday. It was a little byline on a humdrum story ("Maytag recalling 1.7 million dishwashers"), buried deep inside a small local paper from the rust...Source: nzherald.co.nz - Business | 11 Jun 2010 | 3:00 pm Dow posts 1st weekly gain in a monthStocks turned up during the last hour of trade Friday after a choppy session, erasing deep losses triggered by a disappointing retail sales report, and the Dow posted its first weekly gain in a month.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 2:52 pm Stocks End Week Higher After Late Rally (Market Update)The major indexes climbed despite a new report showing retail spending dipped in May.
Source: SmartMoney.com | 11 Jun 2010 | 2:39 pm Stelios is causing a rough ride for easyJetIt seems an age since the plain Stelios Haji-Ioannou was dressing up in an orange boiler suit - his chosen attire, back in 1998, when he gatecrashed the inaugural flight of British Airways' low-fare subsidiary Go.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 2:33 pm After the spill... the billEveryone wants to know how much money BP is on the hook for.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 2:29 pm BP has to hope it's a game of two halves as President Obama plays crass politicsTry to understand. Here's a guy with the entire weight of a nation on his shoulders. You can hardly blame him for losing his rag. Or saying something rude. Or taking a lunge at someone.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 2:23 pm Wendy's shares surge on mystery takeover offerShares of Wendy's/Arby's Group were up 4% Friday on talk that the fast food chain could be taken over.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 2:11 pm A look at global economic developments (AP)AP - A look at economic developments and activity in major stock markets around the world Friday:Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 2:04 pm Re-runs have Seinfeld laughing all the way to the bankNo wonder Jerry Seinfeld has that big, fat, goofy grin permanently plastered across his face - or indeed that the star and co-creator of the hit 1990s sitcom Seinfeld always seems more laid back than a row of hospital beds, even as...Source: nzherald.co.nz - Business | 11 Jun 2010 | 2:00 pm The biggest loser: BanksBank stocks have been among the biggest losers during the market's slump of the past month or so. Despite that, many professional investors still don't think banks have hit bottom just yet.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 1:51 pm BP, National Envelope: Bloomberg Law Bankruptcy ReviewSource: Bloomberg - All Podcasts | 11 Jun 2010 | 1:51 pm Why China’s pay unrest is healthyLabour costs are only about 5 per cent of the retail price of China’s main exports – electronics and other consumer goods. The Chinese pay claims are not going to price an iPad out of anyone’s reachSource: Financial Times - US homepage | 11 Jun 2010 | 1:34 pm BP races to the top of the FTSE 100 leaderboardChaucer was a talking point amid gossip that hedge fund Pamplona Capital Management may soon look to sell some or all of its 16.2pc stake in the Lloyd's of London underwriter.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 1:27 pm Fears of China overheating are backForget the worries about China's economy cooling off. Overheating might be the greater concern.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 1:24 pm Simmons And Company: Buy BP And Ignore Everything Matthew Simmons Has Been Saying Recently
06/11/10 BP Note [PDF]
Source: Dealbreaker | 11 Jun 2010 | 1:22 pm Presented By:Source: Dealbreaker | 11 Jun 2010 | 1:22 pm Queen's Birthday Honours List: Rolls-Royce chairman Robertson leads business listSimon Robertson, chairman of Rolls-Royce, has been knighted for services to business in the Queen's Birthday Honours List.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 1:18 pm Plosser wants asset sales; Kocherlakota warns on banksMINNEAPOLIS (Reuters) - Two Federal Reserve officials on Friday painted divergent pictures of U.S. economic strength, suggesting a growing split at the central bank that could affect the outlook for interest rates.
Source: Reuters: Business News | 11 Jun 2010 | 1:10 pm Getting the world back on track after the crash: how CEOs are seeing the world anewWhat has changed in the world economy since the financial crisis and how should chief executives respond?Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 11 Jun 2010 | 1:08 pm Goldman's CDO woes mean dollar signs for lawyersNEW YORK (Reuters) - Goldman Sachs Group Inc's mounting legal and regulatory woes stemming from the firm's sale of subprime mortgage-linked securities are turning into gold for a growing number of lawyers in New York and Washington.
Source: Reuters: Business News | 11 Jun 2010 | 12:52 pm Drought hits Mighty RiverDrought-affected hydro-power volumes and injection disruptions at the Kawerau geothermal power station have hit state-owned Mighty River Power's earnings forecast. The company yesterday said its latest forecast was for earnings...Source: nzherald.co.nz - Business | 11 Jun 2010 | 12:50 pm GM close to picking banks for IPO - reportsMorgan Stanley and JPMorgan Chase are the leading candidates to handle the underwriting of an initial public offering for General Motors, according to published reports.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 12:38 pm Packaging Corp. Raised to `Buy,' Agrium Cut to `Neutral': AudioSource: Bloomberg - All Podcasts | 11 Jun 2010 | 12:31 pm Droid Sales Booming For MotorolaAfter fumbling around in the feature phone business for the past couple of years, Motorola Inc. (NYSE:MOT) is now struggling with something else — success. Its Droid phone, which uses the Android operating system from Google, Inc. (NASDAQ:GOOG), would be selling even better were it not for supply chain constraints that are bedeviling all smartphone [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 12:23 pm Warning on Strategic offerThe Securities Commission is urging investors to seek professional advice before making any decision about an unsolicited offer to buy debentures in collapsed Strategic Finance at 5c in the dollar. The offer is from Australian-based...Source: nzherald.co.nz - Business | 11 Jun 2010 | 12:20 pm “Sophisticated” Investors Now Claiming They Were Ignorant (Baby) Sheep
Irked CDO Investors Target Merrill [WSJ]
Source: Dealbreaker | 11 Jun 2010 | 12:18 pm A costly lesson in home ownershipThat "American Dream" thing? It's got good staying power. The belief that owning a home is financially superior to renting is still strong. But thousands of homeowners are losing their homes. And that can be an eye-opening experience as to how chasing the American Dream can lead you deep down a rabbit hole. Curt Nickisch reports.Source: Marketplace | 11 Jun 2010 | 12:06 pm Give parents the truth on financial aidWith tuition mounting every year and the economy barely coming off the skids, the stress of paying for college is taking its toll on parents. Commentator Kim Clark says government agencies and politicians aren't helping by marketing scholarships and financial aid that doesn't live up to its billing.Source: Marketplace | 11 Jun 2010 | 12:06 pm 'Advice' from a hedge fund managerHedge funds had a great year in 2009, making up for many of their losses in 2008. That got a group of comedians thinking, if hedge funds still know how to make money, maybe hedge fund managers can dispense all kinds of financial advice. From the Upright Citizens Brigade Theater, the sketch group Hot Mess performs.Source: Marketplace | 11 Jun 2010 | 12:06 pm Weekly Wrap: Financial regulationFortune Magazine's Leigh Gallagher and the Wall Street Journal's Sudeep Reddy talk with Kai Ryssdal about whether the economic unease will get the jobs bill passed in Congress and what will end up in the final financial reform bill.Source: Marketplace | 11 Jun 2010 | 12:05 pm Regulators need correct tools to get full pictureOn Wall Street The safety of the financial system and the global economy will rely on how well watchdogs can track and analyse market dataSource: Financial Times - US homepage | 11 Jun 2010 | 12:04 pm FDA seeks to regulate home gene testsWalgreen's got a lot of attention recently when it said it would start selling personal genetic kits in its stores. But after questions were raised about the safety and effectiveness of the kits, it said it wouldn't. Now the FDA is stepping in. Gregory Warner reports.Source: Marketplace | 11 Jun 2010 | 12:02 pm Case spotlights sophisticated investorsMerrill Lynch is being sued by wealthy investors, who lost millions of dollars after buying some complex pools of mortgages that went bad. The people who bought those pools were allowed to do so because they were considered sophisticated investors. Jeremy Hobson reports on why that term is so important.Source: Marketplace | 11 Jun 2010 | 12:02 pm Mixed data in sentiment, retail salesA new survey finds that consumer sentiment -- that's how optimistic we feel about the economy -- was up more than economists expected, near a 2.5 year high. But the Commerce Department says retail sales fell a percent in May. What gives? Stacey Vanek-Smith reports.Source: Marketplace | 11 Jun 2010 | 12:02 pm Jeffrey Gundlach’s Milkshake, Sex And Drug Paraphernalia Bring All The Investors To The Yard
 Suck it, TCW. No, really. Do it. Congratulations are in order for Jeff Gundlach and the DoubleLine Team! In addition to being ranked number one globally in asses (on tape), the new firm has gathered the most assets among 2010 fund launches. Naturally this calls for a celebration and a screening of Ass Traffic Volume 2 at the office would probably be most fitting, if anyone has a copy lying around.
Source: Dealbreaker | 11 Jun 2010 | 11:58 am Colleges hitting up alums earlyCollege fundraisers are upping their game and asking alums -- and sometimes even freshmen -- to donate, especially because college endowments took a huge hit from the Great Recession.Source: Marketplace Money | 11 Jun 2010 | 11:50 am In or out? Where to put your money nowTess Vigeland talks to three money managers for advice on what to do with your money in this time of economic uncertainty.Source: Marketplace Money | 11 Jun 2010 | 11:50 am Pay before you eatChef Grant Achatz of Alinea restaurant in Chicago and Nick Kokonas, Achatz's business partner, talk about their next restaurant, Next, and their new take on paying your bill.Source: Marketplace Money | 11 Jun 2010 | 11:50 am The cost of hidden feesHost Tess Vigeland talks to MSNBC report Bob Sullivan, who road-tripped across the country, talking to normal folks about their thoughts on all the hidden fees attached to daily purchases and financial accounts.Source: Marketplace Money | 11 Jun 2010 | 11:50 am Port tips higher profitPort of Tauranga shares rose 30c to $6.85 after the company increased its annual profit guidance. The company is signalling a $49 million to $50 million normalised net profit after tax in the year to June 30. It had previously...Source: nzherald.co.nz - Business | 11 Jun 2010 | 11:50 am Choices: Too little, too much, just rightHost Tess Vigeland talks to consumer psychologist Frank Murtha about how we choose and how too little or too much choice affects our purchases.Source: Marketplace Money | 11 Jun 2010 | 11:49 am Searching for a real job on CraigslistRichard Conniff goes to Craigslist to see if he can find the perfect job that'll maximize his potential.Source: Marketplace Money | 11 Jun 2010 | 11:49 am Ambani lays $1bn bet on Indian internet$Mukesh Ambani, India’s richest man, has placed a $1 billion bet on the future of wireless broadband services in India by buying Infotel Broadband Services.$ Source: Latest Business News from Times Online | 11 Jun 2010 | 11:27 am Getting PersonalHost Tess Vigeland and Kathy Kristof of CBS MoneyWatch take your questions on retirement -- like, how can a surfer in New Zealand save for her eventual American retirement? And is it crazy to borrow from retirement to buy a house?Source: Marketplace Money | 11 Jun 2010 | 11:24 am Stake in BayleysDirect Capital, a private-equity investor, has become a minority shareholder in real estate company Bayley Corp, which operates the Bayleys chain. Bayleys did not disclose the size of the holding or the how much money was raised....Source: nzherald.co.nz - Business | 11 Jun 2010 | 11:20 am S Africa narrowly miss World Cup winThe South African national team nearly provided the host country with the perfect start to the tournament, drawing the opening game 1-1 with Mexico in an encounter that matched the excitement of its football-mad fansSource: Financial Times - US homepage | 11 Jun 2010 | 11:08 am When Advisers Tweet, Should You Listen?Financial firms are embracing social media. A guide to parsing their advice.
Source: SmartMoney.com | 11 Jun 2010 | 11:04 am What Is GM Worth? $50 BillionGM is likely to go public within the next three quarters, particularly if the economy avoids a double dip recession. The rumor is that JPMorganChase (NYSE: JPM) and Morgan Stanley Group (NYSE: MS) will lead the IPO. The US government says it may sell most of its shares as part of any offering. The US [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 10:58 am How the Oil Spill Is Sabotaging Stocks (Ahead of the Curve)Luskin: Watch for a big rally if the catastrophe is contained soon.
Source: SmartMoney.com | 11 Jun 2010 | 10:58 am Probing Apple antitrust probesSource: Business and financial news - CNNMoney.com | 11 Jun 2010 | 10:54 am Vermont to seniors: Return those $250 checksThe federal government is mailing $250 Medicare rebate checks this week, but Vermont is asking its seniors to send the money back to the state.Source: Business and financial news - CNNMoney.com | 11 Jun 2010 | 10:54 am What BP crisis means for your financesBP's shares have almost halved in value since the oil spill began. So how much damage is this doing to your investments?Source: BBC News | Business | World Edition | 11 Jun 2010 | 10:54 am Art imitates political life in IranInside an Iranian school, a couple of dozen artists in their twenties are using their talents to make radical political statements. Small portraits of protesters who were killed while marching against the Islamic regime are spread on the floorSource: Financial Times - US homepage | 11 Jun 2010 | 10:48 am Dell shares up slightly after revealing fraud probe (AFP)
Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 10:47 am Does Anyone Know The Significance Of Today?
Because some people are such fonts of generosity that on their birthday, they think not of themselves and what they will receive, but rather how they can brighten the days of others. Birthday Boy is one of those people. On this special day, June 11, this selfless, gallant gentlemen, has gifted us all with an overflowing bounty of mirth. As you may be aware, the common refrain among hedge fund starlings is “I want to be the next Steve Cohen.” Unfortunately, up to this point, Steve has kept the secrets to his success close to his SAC-emblazoned fleece vest. But as one gets older (though remains “a youthful-looking 29″)**, he begins to realize he want to leave a legacy. To that end, for the past year, our birthday boy has had a documentary film crew follow him around, obtaining footage of him on the job. The finished product will be released as a training video this fall, but today, as a present to all of you, a preview has been leaked. The first chapter focuses on how to effectively deal with people in business. Watch, and learn.
**Statement is a contractual obligation of all employees.
Source: Dealbreaker | 11 Jun 2010 | 10:45 am High-frequency trader Getco hires key SEC staffer (Reuters)Reuters - Getco LLC, a big market maker and high-frequency trader, has hired a key U.S. Securities and Exchange Commission associate in charge of crafting rules for the equity and option markets.Source: Yahoo! News: Stock Markets News | 11 Jun 2010 | 10:39 am This Week’s LinksAn interesting look at finding America’s smartest cities. Rolling Stone points at Obama’s failures as a precedent for the BP oil spill. WTF is HTML 5? (and why we should care). Why Great Britain worships BP’s former boss. 3 marketing tricks you should know.
Source: Business Pundit | 11 Jun 2010 | 10:35 am BP spill 'double early estimates'The BP spill may have sent twice as much oil leaking into the Gulf of Mexico as previously thought, US experts estimate.Source: BBC News | Business | World Edition | 11 Jun 2010 | 10:28 am Foreign Funds: Investors Are ReturningBargains lifted inflows to foreign funds for the first time in weeks.
Source: SmartMoney.com | 11 Jun 2010 | 10:27 am Johnson & Johnson Criticized for Not Cooperating with Congressional InvestigationOver the last eight months, Johnson & Johnson (NYSE: JNJ) has commenced four recalls popular over-the-counter products. The latest recall was announced in April for Tylenol, Motrin, Benadryl, and Zyrtec products made for infants and children. The US House Committee on Oversight and Government Reform has been holding hearings on the recall, and the Food [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 10:22 am Reliance deal with auction winnerReliance Industries is buying a 95% stake in Infotel Broadband, the surprise winner in India's wireless broadband auction.Source: BBC News | Business | World Edition | 11 Jun 2010 | 10:05 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 | 10:00 am Nassim Taleb Disusses His Second Favorite Colored Swan, Getting Hate Mail From Bankers And Bernanke’s “Incompetence”
Source: Dealbreaker | 11 Jun 2010 | 10:00 am Sales dip raises doubts on US recoveryUS retail sales fell unexpectedly in May, breaking a seven-month stretch of increases, and signalling that the US consumer remains fragileSource: Financial Times - US homepage | 11 Jun 2010 | 9:50 am No go logos: Pubs, shops warned about use of World Cup imagesBusinesses 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 | 9:36 am US consumers give mixed signalsUS retail sales experience a surprise drop, but consumer confidence remains buoyant, leaving markets puzzled.Source: BBC News | Business | World Edition | 11 Jun 2010 | 9:21 am Presented By:Source: Dealbreaker | 11 Jun 2010 | 9:16 am Kenneth Starr Made Ponzi Victim Carly Simon Feel Like A Fool Who Might Have To Move Into A Trailer Park
No word at this time on whether or not she’ll be joining Starr’s wife on stage. [NYO]
Source: Dealbreaker | 11 Jun 2010 | 9:16 am Schweitzer, Winoker, Kantor, Feldman, Rochelle: SurveillanceSource: Bloomberg - All Podcasts | 11 Jun 2010 | 9:01 am China inflation outstrips targetChinese inflation rises faster, but manufacturing output slows, creating a monetary policy quandary for Beijing.Source: BBC News | Business | World Edition | 11 Jun 2010 | 8:54 am Asset sales wouldn't disrupt markets: Fed's PlosserALTOONA, Pennsylvania (Reuters) - U.S. financial markets would be able to stomach gradual sales of the more than $1.4 trillion of mortgage-related debt the Federal Reserve bought to fight the credit crisis, a top Fed official said on Friday.
Source: Reuters: Business News | 11 Jun 2010 | 8:24 am Raghuram Rajan, Metin Tolan: Bloomberg On the EconomySource: Bloomberg - All Podcasts | 11 Jun 2010 | 8:16 am Basel chief hits back at growth curb claimsNout Wellink, head of the Basel Committee on Banking Supervision, has rejected industry claims that global growth will be cut and fewer jobs created if banks are forced to hold more capital and liquid assetsSource: Financial Times - US homepage | 11 Jun 2010 | 7:56 am This Week’s Weird Jobs
This week’s weird jobs are ideal for starving artists. That is, they don’t pay, so you can’t buy food. At least you’ll get creative satisfaction…maybe. I am a graphic artist and in need of a job. I have decided to fill this need the same way many people think the can fill their graphic design needs; with a contest! Here is how it will work; Send me one weeks worth of salary and benefits. I will keep all of the checks that are sent to me and use all of the benefits. Whoever sends me the best salary and benefits package will win the contest and get the prize of two days of graphic design work!!! Good Luck! I am really looking forward to receiving your payment packages! * Compensation: 2 days of Graphic Design work The irony certainly works in this job post. 2. Austin: Seeking hardworking service providers… I’m a fabulously wealthy photographer / artist making money hand over fist. Here’s what I need: A mechanic to overhaul my custom ‘57 Chevy. Of course there will be no pay involved. In return for your services you will get FULL CREDIT on my website, AND you can add all of this work to your PORTFOLIO! If you ask me, this is an absolutely awesome deal! I hope to have you work for me soon! Did the same person who wrote posting #1 write this one, too? The winner will receive a cash prize and a 6-pack of tickets to our shows. Email us for more info. Ahem. Some people do pay for this kind of work… 4. CA: Seeking really awful no talent musicians At least they’re honest. hang out with me nice guy white male in astoria Don’t ask me what I look like, act like, or smell like, either. Just come hang out, ok?
Source: Business Pundit | 11 Jun 2010 | 7:45 am `Emotional’ ETF Inflows Signal S&P 500 Decline: AudioSource: Bloomberg - All Podcasts | 11 Jun 2010 | 7:39 am Consumers Showed Caution in Rocky May (Market Update)WHAT'S HAPPENING NOW: New data show retail spending slipped last month.
Source: SmartMoney.com | 11 Jun 2010 | 7:19 am Shale Gas and the Future of Energy: Bloomberg MarketsSource: Bloomberg - All Podcasts | 11 Jun 2010 | 7:09 am Barrow on Euro, Callow on European Debt Crisis: First WordSource: Bloomberg - All Podcasts | 11 Jun 2010 | 7:05 am Top Day Trader Alerts (ARST, BP, XIDE, MDNU, RPRX, SQNM, WEN)There are several big movers this morning for day traders and active traders that look for stocks with gap-ups or gap-downs. Stocks with news or events causing moves are ArcSight, Inc. (NASDAQ: ARST), BP plc (NYSE: BP), Exide Technologies (NASDAQ: XIDE), Medical Nutrition USA, Inc. (NASDAQ: MDNU), Repros Therapeutics Inc. (NASDAQ: RPRX), Sequenom Inc. (NASDAQ: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 6:58 am Rosen on `The Most Powerful Idea in the World': Lewis LaphamSource: Bloomberg - All Podcasts | 11 Jun 2010 | 6:48 am Retail Sales CollapseThe U.S. Census Bureau announced that advance estimates of U.S. retail and food services sales for May, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $362.5 billion, a decrease of 1.2 percent (±0.5%) from the previous month The drop was the first one since September and another sign [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 6:47 am Ex-trader gives embarrassing evidenceSociété Générale, the French bank, faced embarrassment today as a former employee told a French court that executives knew about and failed to stop the unauthorised activities of Jérôme Kerviel, the rogue trader. Source: Latest Business News from Times Online | 11 Jun 2010 | 6:44 am Today’s Best Market Rumors (6/11/2010)Updated throughout the day. BP plc (NYSE: BP) may cut or defer its dividend (various) Spain may have asked the EU for financial aid (various) The FBI is preparing a huge clamp down on mortgage fraud (FT) Douglas A. McIntyre Filed under: Rumors Tagged: BP[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 6:34 am Top Analyst Upgrades and Downgrades (AEO, BMY, CAGC, CEO, STZ, FO, HL, MHS, WFR, SQNM, X, WAG)These are some of this Friday’s top analyst calls with upgrades, downgrades, and initiations seen in Wall Street research notes: American Eagle Outfitters, Inc. (NYSE: AEO) Raised to Buy at Jefferies. Bristol-Myers Squibb Company (NYSE: BMY) Raised to Buy at Citigroup. China Agritech Inc. (NASDAQ: CAGC) Started as Buy at Brean Murray. CNOOC Ltd. (NYSE: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 6:32 am The Twitter-24/7 Wall St. Stock Market Report 6.11.2010 The Wisdom Of Crowds?Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds. 24/7 Wall St. will look at the Twitter [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 6:27 am BP Relief Wells Make Quick ProgressWith government estimates for daily oil leakage upped to as much as 40,000 barrels a day and BP plc (NYSE: BP) claims only capturing about 15,000 barrels, the rush to drill relief wells has become more important. According to the NOAA, Work on the first relief well continues and has currently reached a depth of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 11 Jun 2010 | 6:08 am Contender drops out of FSA raceThe Financial Services Authority’s head of risk and one of the leading candidates to take over as its chief executive is stepping down. Source: Latest Business News from Times Online | 11 Jun 2010 | 5:41 am Ironic BP Gas Station Sign
Source: Business Pundit | 11 Jun 2010 | 4:18 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
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