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Obama: Republicans blocking progress in Congress (AP)
Source: Yahoo! News: Business News | 19 Jun 2010 | 4:11 am Auto Review: 2011 BMW 335i Coupe: Sleek and powerfulCrimson red with a cream beige interior, the subject of this weekend’s road test turned heads and induced smiles.
Source: MarketWatch.com - Top Stories | 19 Jun 2010 | 4:01 am BP partners with actor Costner to fight spillHollywood star Kevin Costner and BP Chief Operating Officer Doug Suttles announced plans to begin using an invention that the actor says will accelerate clean-up of oily water from the...Source: RSS feed - channel BNewsBusiness | 19 Jun 2010 | 3:07 am UK government warned on CGT riseRaising the rate of capital gains tax (CGT) could result in a fall in tax revenues, one think tank warns.Source: BBC News | Business | World Edition | 19 Jun 2010 | 2:32 am 'Reckless' BP blamed by partner for oil spillOil giant under further pressure after partner said "gross negligence or wilful misconduct" were to blame for the disastrous Gulf of Mexico oil spill.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 19 Jun 2010 | 2:11 am Questions about who's in charge of BP oil responseWho's in charge? Depends on who you ask. BP Chairman Carl-Henric Svanberg told Britain's Sky News television on Friday that CEO Tony Hayward is on his way out as the company's point man...Source: RSS feed - channel BNewsBusiness | 19 Jun 2010 | 2:00 am Questions about who's in charge of BP oil response (AP)
Source: Yahoo! News: Business News | 19 Jun 2010 | 2:00 am Toyota shuts China plant after more strikes reported (Reuters)
Source: Yahoo! News: Business News | 19 Jun 2010 | 1:03 am China's labor unrest may help U.S. manufacturersHigher wages could lead to higher demand for goods and services, narrowing the trade gap. But rebalancing the economy could take years.Their demands may seem commonplace: Better pay and better conditions.
Source: L.A. Times - Business | 19 Jun 2010 | 1:00 am Congress to weigh regulation of financing by auto dealersDealers say that they're just trying to help customers secure loans and that they're already covered by anti-fraud regulations. But consumer advocates say more government oversight is needed.Heading into the final stages in overhauling financial regulations, a joint congressional committee is ready next week to tackle one of the thornier issues — whether car dealers will be regulated by a proposed consumer protection agency.
Source: L.A. Times - Business | 19 Jun 2010 | 1:00 am Fox to sneak-preview movie 'Knight and Day' to generate missing buzzThe studio, nervous about pre-release surveys that indicate the Tom Cruise and Cameron Diaz action-comedy could flop when it opens next week, is showing it at 494 theaters Saturday.Fox is trying to make sure that "Knight and Day" doesn't come and go.
Source: L.A. Times - Business | 19 Jun 2010 | 1:00 am California unemployment report fosters doubts on recoveryThe addition of 28,300 jobs in May mostly represents temporary census positions, adding to fears that a return to normal will take longer than expected.California added jobs for a fifth straight month in May, but the positions weren't the type economists like to see.
Source: L.A. Times - Business | 19 Jun 2010 | 1:00 am After a wild ride, time for investors to rethinkRecent market volatility provides a good excuse to tally up your assets and recalibrate your risk tolerance.For all the anguish that many investors suffered during last month's manic stock market swings, we may look back on the experience as a gift.
Source: L.A. Times - Business | 19 Jun 2010 | 1:00 am PacSun looks to catch a new waveThe once-mighty surf and skate retailer moves to reverse a series of missteps and regain ground lost to rivals.It wasn't a wipeout, but the last few years haven't been kind to troubled Pacific Sunwear of California Inc.
Source: L.A. Times - Business | 19 Jun 2010 | 1:00 am China's labor unrest may help U.S. manufacturersHigher wages could lead to higher demand for goods and services, narrowing the trade gap. But rebalancing the economy could take years. ...Source: RSS feed - channel BNPaperBusiness | 19 Jun 2010 | 1:00 am Obama urges G-20 leaders to continue government support of economic recoveryIn a public letter in advance of the group's summit, the president makes it clear that he disapproves of Europe's pullback in spending and China's refusal to let its currency rise in value.President Obama made apparent Friday that he disapproved of Europe's pullback in spending and China's refusal to let its currency rise in value — two contentious issues that threaten to create discord and disunity during the Group of 20 summit next weekend in Toronto.
Source: L.A. Times - Business | 19 Jun 2010 | 1:00 am Stocks climb for 4th day; Dow closes up 16 pointsNEW YORK — Stocks are ending higher after a rise in gold lifted shares of minerals companies.Source: RSS feed - channel BNPaperBusiness | 19 Jun 2010 | 1:00 am Fox to sneak-preview movie 'Knight and Day' to generate missing buzzThe studio, nervous about pre-release surveys that indicate the Tom Cruise and Cameron Diaz action-comedy could flop when it opens next week, is showing it at 494 theaters Saturday. ...Source: RSS feed - channel BNPaperBusiness | 19 Jun 2010 | 1:00 am PacSun looks to catch a new waveThe once-mighty surf and skate retailer moves to reverse a series of missteps and regain ground lost to rivals. ...Source: RSS feed - channel BNPaperBusiness | 19 Jun 2010 | 1:00 am California unemployment report fosters doubts on recoveryThe addition of 28,300 jobs in May mostly represents temporary census positions, adding to fears that a return to normal will take longer than expected. ...Source: RSS feed - channel BNPaperBusiness | 19 Jun 2010 | 1:00 am Stocks climb for 4th day; Dow closes up 16 pointsNEW YORK — Stocks are ending higher after a rise in gold lifted shares of minerals companies.
Source: L.A. Times - Business | 19 Jun 2010 | 1:00 am Walgreens to stay in Caremark's prescription-plan networkThe companies settle a dispute that threatened to prevent thousands of people from filling their prescriptions at Walgreens and to disrupt both companies' business. ...Source: RSS feed - channel BNPaperBusiness | 19 Jun 2010 | 1:00 am Walgreens to stay in Caremark's prescription-plan networkThe companies settle a dispute that threatened to prevent thousands of people from filling their prescriptions at Walgreens and to disrupt both companies' business.It turns out Walgreen Co. and CVS Caremark Corp. need each other after all.
Source: L.A. Times - Business | 19 Jun 2010 | 1:00 am Obama urges G-20 leaders to continue government support of economic recoveryIn a public letter in advance of the group's summit, the president makes it clear that he disapproves of Europe's pullback in spending and China's refusal to let its currency rise in value. ...Source: RSS feed - channel BNPaperBusiness | 19 Jun 2010 | 1:00 am Congress to weigh regulation of financing by auto dealersDealers say that they're just trying to help customers secure loans and that they're already covered by anti-fraud regulations. But consumer advocates say more government oversight is needed. ...Source: RSS feed - channel BNPaperBusiness | 19 Jun 2010 | 1:00 am After a wild ride, time for investors to rethinkRecent market volatility provides a good excuse to tally up your assets and recalibrate your risk tolerance. For...Source: RSS feed - channel BNPaperBusiness | 19 Jun 2010 | 1:00 am China minister shrugs off labour unrest concernsChina's commerce minister has shrugged off concerns that recent labour unrest in the so-called "workshop of the world" will scare investors away, state media reported Saturday. FactoriesSource: RSS feed - channel BNewsBusiness | 18 Jun 2010 | 11:50 pm BP 'strong despite spill setback'BP remains strong despite the setback suffered as as result of the oil spill in the Gulf of Mexico, its chairman says.Source: BBC News | Business | World Edition | 18 Jun 2010 | 11:44 pm Anadarko points finger at BP on Gulf oil spill (AP)
Source: Yahoo! News: Business News | 18 Jun 2010 | 11:20 pm Senate fails to spare doctors from Medicare cuts (AP)
Source: Yahoo! News: Business News | 18 Jun 2010 | 11:14 pm Outside the Box: Greenspan and Ayn Rand: Disciple or traitor?Did former Federal Reserve Chairman Alan Greenspan channel or betray Ayn Rand?
Source: MarketWatch.com - Top Stories | 18 Jun 2010 | 10:01 pm Stocks to Watch: Stocks to watch Monday: Sonic, Luby'sAmong the companies whose shares are expected to see significant trading Monday are Sonic, Luby's and Apple.
Source: MarketWatch.com - Top Stories | 18 Jun 2010 | 10:01 pm Market Snapshot: Stocks may track historical or technical trendsWall Street has multiple reasons to go either way as second quarter begins to wind down.
Source: MarketWatch.com - Top Stories | 18 Jun 2010 | 10:01 pm Anadarko (APC): Everything Is BP’s FaultAnadarko Petroleum, BP’s partner in the Gulf and holder of 25% of the interest in the Mississippi Canyon block 252 lease drilling area today said that everything was BP’s fault and nothing was Anadarko’s. Anadarko, it would seem, had absolutely no responsibility for discovering, drilling, manning, or supervising the activity on the Deepwater Horizon rig. [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Jun 2010 | 9:59 pm Toyota halts China factory after supplier strikeTOKYO (Reuters) - Toyota Motor Corp halted production at its main factory in China on Friday after a strike at a maker of plastic parts disrupted supply, the carmaker said on Saturday.Source: RSS feed - channel BNewsBusiness | 18 Jun 2010 | 8:53 pm Toyota halts China factory after supplier strikeTOKYO (Reuters) - Toyota Motor Corp halted production at its main factory in China on Friday after a strike at a maker of plastic parts disrupted supply, the carmaker said on Saturday.
Source: Reuters: Business News | 18 Jun 2010 | 8:53 pm Regulators close Nev. bank for 83rd failure in '10 (AP)AP - Regulators on Friday shut down a Nevada bank, raising to 83 the number of U.S. bank failures this year.Source: Yahoo! News: Business News | 18 Jun 2010 | 8:20 pm UPDATE 4-BP actions before blowout were "reckless"-Anadarko* Anadarko shares give some gains after Moody's downgradeSource: RSS feed - channel BNewsBusiness | 18 Jun 2010 | 7:58 pm Farmers Insurance Responds to Series of Tornados That Have Struck MinnesotaSource: RSS feed - channel BNewsBusiness | 18 Jun 2010 | 7:56 pm Anadarko blasts BP for 'reckless actions'Anadarko, a minority partner in the ruptured well in the Gulf of Mexico, blamed BP for "reckless" behavior, seeking to distance itself from the worst oil spill in US history.Source: Business and financial news - CNNMoney.com | 18 Jun 2010 | 7:26 pm Friday is final furlough for Calif. state workersState employees who were forced to take unpaid days off because of a budget crisis had what they hoped would be their final furlough day on Friday, but Gov. Arnold Schwarzenegger indicated...Source: RSS feed - channel BNewsBusiness | 18 Jun 2010 | 7:25 pm Regulators close Nev. bank for 83rd failure in '10Regulators have shut down a Nevada bank, raising to 83 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. took over Nevada Security Bank, based in Reno, withSource: RSS feed - channel BNewsBusiness | 18 Jun 2010 | 7:22 pm 10 fastest growing U.S. countiesThese 10 counties have the fastest growth rates in the nation. Would you follow your fellow Americans to one?Source: Business and financial news - CNNMoney.com | 18 Jun 2010 | 7:16 pm UPDATE 3-BP eyes billions of dollars in bank loans and bonds* Seven banks providing $1 billion each; no U.S. banks yetSource: RSS feed - channel BNewsBusiness | 18 Jun 2010 | 7:06 pm First Uranium reports production and financial results for the three and twelve months ended March 31, 2010Source: RSS feed - channel BNewsBusiness | 18 Jun 2010 | 6:53 pm Anadarko points finger at BP for Gulf oil spillAccusation comes just before Moody's discloses it has cut Anadarko's debt rating to junk.
Source: MarketWatch.com - Top Stories | 18 Jun 2010 | 6:11 pm CEO pay lifts off as profits stagnateThe Business Herald's executive pay survey shows the number of chief executives being paid more than $1 million jumped from 26 to 32 between 2008 and 2009.It's only nine years since Craig Norgate became this country's first...Source: nzherald.co.nz - Business | 18 Jun 2010 | 6:00 pm Liam Dann : Trend is clear - the freeze is overThe speed at which chief executive pay has bounced back from the crisis may not thrill shareholders, but there has at least been some improvement in the way some of the top companies are reporting the information.The method we...Source: nzherald.co.nz - Business | 18 Jun 2010 | 6:00 pm Spell it out clearly, says shareholders' watchdogThe Shareholders' Association is calling for simplified, clearer and more comprehensive reporting of chief executives' pay packages."We're fans of full and detailed remuneration reports - total disclosure," says chairman Bruce...Source: nzherald.co.nz - Business | 18 Jun 2010 | 5:59 pm Property pay kept secretThe pay of property chiefs is secret - and staying that way.Listed property trusts are run by management companies which file their accounts away from the public gaze.Although the NZX-listed real estate businesses make their...Source: nzherald.co.nz - Business | 18 Jun 2010 | 5:58 pm Chevron vows to pay for Salt Lake City oil spill (AP)AP - Salt Lake City attorneys expect Chevron Corp. will quickly agree to a financial settlement related to last weekend's pipeline spill that dumped 33,000 gallons of crude oil into city waterways, a spokeswoman for Mayor Ralph Becker said Friday.Source: Yahoo! News: Business News | 18 Jun 2010 | 5:44 pm Resume review and revampJason Ferrara of CareerBuilder.com reviews the resumes of Tess Vigeland and Marketplace listener Betsy Miller and shares tips on how to improve their resumes and yours.Source: Marketplace Money | 18 Jun 2010 | 5:37 pm After Hours: Anadarko up, but moves off highs, in late tradeAnadarko shares rise late Friday but back away from session highs after Moody's downgrades its rating on the company to junk status.
Source: MarketWatch.com - Top Stories | 18 Jun 2010 | 5:23 pm Taxing Times: In Washington it's tax season all year longCongress is still trying to figure out how to get the tax-extender bill passed.
Source: MarketWatch.com - Top Stories | 18 Jun 2010 | 5:18 pm Brazilian football has moved from poetry into prose"It's just like watching Brazil," English supporters sing when their club produces a brilliant moment. Well, watching Brazil is no longer like watching Brazil. We all have in our heads past Brazilian sides...Source: RSS feed - channel BNPaperBusiness | 18 Jun 2010 | 5:10 pm Latin American Markets: Mexico keeps rate steady at 4.5%; peso risesMexico's currency is up after the central bank leaves its key rate steady at 4.5%.
Source: MarketWatch.com - Top Stories | 18 Jun 2010 | 5:08 pm Sofa salvageHow easy is it to salvage old furniture?Source: BBC News | Business | World Edition | 18 Jun 2010 | 4:56 pm Mint boss apologizes for immigrant fracas"I've put my editor on warning," says founder Aaron PatzerSource: Business and financial news - CNNMoney.com | 18 Jun 2010 | 4:49 pm Homes ahoyCan a boat beat the rising house price tide?Source: BBC News | Business | World Edition | 18 Jun 2010 | 4:42 pm More blacks, Latinos losing homes to foreclosureThe mortgage meltdown is hitting the African-American and Latino communities harder than whites, a new study has found.Source: Business and financial news - CNNMoney.com | 18 Jun 2010 | 4:33 pm BP chief quits role in oil leak responseTony Hayward, BP’s embattled chief executive, is stepping back from leading the company’s frontline response to its massive oil spill in the Gulf of Mexico, its chairman said.Source: Financial Times - US homepage | 18 Jun 2010 | 4:31 pm IMF says Spain taking right stepsSpain is taking the right measures for economic stability, the head of the International Monetary Fund says on a visit to Madrid.Source: BBC News | Business | World Edition | 18 Jun 2010 | 4:24 pm Stocks end higher for second weekStocks ended a choppy session higher Friday, with the market managing to carve out a second consecutive week of gains as buyers dipped back in after the May sell-off.Source: Business and financial news - CNNMoney.com | 18 Jun 2010 | 4:24 pm Write-Offs: 06.18.10
$$$ Phil Falcone interested in Newsweek? [BI] $$$ Amid the Gulf crisis, Wall St touted BP stock [Reuters] $$$ Oil spill could trigger massive rescue effort of Florida’s manatees [CNN]
 Source: Dealbreaker | 18 Jun 2010 | 4:20 pm Afghan Minerals, Insider Trading, Airlines: Taking StockSource: Bloomberg - All Podcasts | 18 Jun 2010 | 4:18 pm Stocks post biggest two-week gain since November (AP)
Source: Yahoo! News: Stock Markets News | 18 Jun 2010 | 4:07 pm Personal Finance Daily: This is no weekend if you're unemployedThe weekend is here, but if you're unemployed and your unemployment benefits are about to run out, that's definitely not good news.
Source: MarketWatch.com - Top Stories | 18 Jun 2010 | 4:03 pm Vintage Wall Street sign to be auctioned in NYC (AP)
Source: Yahoo! News: Stock Markets News | 18 Jun 2010 | 4:00 pm Budget 2010: 110 business leaders write to George Osborne over CGTA group of 110 leading entrepreneurs are writing to George Osborne urging him not to impose a blanket increase in capital gains tax in his Budget on Tuesday.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Jun 2010 | 3:58 pm Help Not Wanted: The long-term joblessThe economy is now in "recovery" mode, though you'd hardly know it from the job market. Unemployment is still hovering near 10%. And long-term unemployment hasn't been this bad since the 1940s. Our series "Help Not Wanted" tells the stories of people who are struggling through our economic restructuring and the impact that today's job shortage is having.Source: Marketplace | 18 Jun 2010 | 3:54 pm Weekend Investor: Cash in on currency shocks with these funds, ETFsInvestors increasingly are trading foreign currencies both as a hedge against their U.S. dollar holdings and as a way to speculate on global economic upheaval.
Source: MarketWatch.com - Top Stories | 18 Jun 2010 | 3:48 pm Housing Is On Shaky Ground (Investor's Business Daily)Investor's Business Daily - The U.S. government launched its Home Affordable Modification Program early last year to slow the cascade of home foreclosures. While the program has fallen short of some hopes, it's had a surprising side effect: a way to compare how bank-owned loan servicing operations fare against independent rivals.Source: Yahoo! News: Business News | 18 Jun 2010 | 3:41 pm DJIA Edges Up; New Gold Peak (Market Update)Stocks extended their winning streak to a second week, buoyed by Caterpillar's report of strong...
Source: SmartMoney.com | 18 Jun 2010 | 3:36 pm The Friday Podcast: Too Much Lithium Is Depressing
Tauseef Mustafa/AFP/Getty Images
Afghanistan, seen here, may be home to one of the world's biggest lithium deposits. That's probably a bad thing. You remember the natural resource curse. It's the idea that being rich in natural resources — oil, gold, lithium, whatever — can actually harm a country's economic development. On today's Planet Money, we talk to a couple economists who are pushing what sounds like a simple way to break the curse: Give the money directly to the people. They recently took the idea on a road show to Africa, to try to convince a couple oil-rich countries to give it a try. It didn't go so well. For more, read our post from this morning. Download the podcast, or Subscribe. Music: Peter Gabriel's "Digging In The Dirt." Find us: Twitter/ Facebook/ Flickr. Source: NPR Blogs: Planet Money | 18 Jun 2010 | 3:33 pm Brian Gaynor: Best practice saves firms from declineThe huge disappointment over Guinness Peat Group's long-awaited "return of value" clearly demonstrates the importance of good corporate governance.GPG's inadequate proposal is an inevitable consequence of its governance structure,...Source: nzherald.co.nz - Business | 18 Jun 2010 | 3:30 pm Mary Holm : Sell or rent? Look at the big pictureI am moving away from Auckland to care for my mother very soon. I own a freehold property in Auckland worth $330,000. I am renting it out through an agent, as I would prefer to stay in the housing market. I don't have a need...Source: nzherald.co.nz - Business | 18 Jun 2010 | 3:29 pm George Osborne considering freeze on benefits to save £4.4bnChancellor close to agreeing freeze on benefits in emergency Budget to save £4.4 billion, The Daily Telegraph learns.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Jun 2010 | 3:20 pm Momentum in stocks' favor but trading choppy (Reuters)Reuters - U.S. stocks have momentum on their side next week, though seesawing sentiment could roil the markets and investors will scrutinize comments from the Federal Reserve to gauge the strength of the economic recovery.Source: Yahoo! News: Stock Markets News | 18 Jun 2010 | 3:16 pm Momentum in stocks' favor but trading choppyNEW YORK (Reuters) - U.S. stocks have momentum on their side next week, though seesawing sentiment could roil the markets and investors will scrutinize comments from the Federal Reserve to gauge the strength of the economic recovery.
Source: Reuters: Business News | 18 Jun 2010 | 3:16 pm TSX snaps six-day run-up, ends week higher (Reuters)Reuters - Toronto's main stock index ended slightly lower on Friday but record bullion prices that sent gold-mining shares higher kept a lid on otherwise broad-based losses across nearly all sectors.Source: Yahoo! News: Stock Markets News | 18 Jun 2010 | 3:14 pm Dollar strong (not the one you think) - The BuzzThere has been a lot of talk lately about how strong the dollar is. But if you're looking for a real strong dollar, just gaze north.Source: Business and financial news - CNNMoney.com | 18 Jun 2010 | 3:09 pm Summary Box: Stocks edge higher, post weekly gains (AP)AP - GOLD RUSH: Shares of minerals and mining companies gained after gold prices settled at a record high for the second straight day. Barrick Gold and Newport Mining were among the big gainers.Source: Yahoo! News: Stock Markets News | 18 Jun 2010 | 3:02 pm Apple shares hit all-time high of 275 dollars (AFP)
Source: Yahoo! News: Stock Markets News | 18 Jun 2010 | 2:59 pm How the major stock indexes fared on Friday (AP)AP - Stocks rose for a fourth straight day Friday, led by shares of minerals companies after gold prices settled at another record high. CVS Caremark and Walgreen rose after settling a contract dispute, and Caterpillar gained percent after reporting sharply higher sales. All three stock indexes posted solid gains for the week. It was the second weekly gain for the Dow, following three down weeks.Source: Yahoo! News: Stock Markets News | 18 Jun 2010 | 2:50 pm BP North Sea venture with Iran hit by US banThe US has imposed sanctions on an Iranian oil company working with BP in the North Sea - listing it as a body that "persons should not do business with".Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Jun 2010 | 2:49 pm CTC Media Raised to `Buy,' Cott Corp. Cut to `Hold': AudioSource: Bloomberg - All Podcasts | 18 Jun 2010 | 2:48 pm Charlie Gasparino Reminisces About Intimidating Joe Kernen In The Locker Room, With His Schlong
Source: Dealbreaker | 18 Jun 2010 | 2:48 pm 5 Stocks Now Trading Under a Buck (On the Street)These once-strong stocks could soon be delisted -- or take off.
Source: SmartMoney.com | 18 Jun 2010 | 2:44 pm Court: Developers must pay taxes on unbuilt condos (AP)AP - Developers are responsible for paying property taxes on land where they intend to build condominiums, the Wisconsin Supreme Court ruled Friday in a victory for condo owners and municipalities.Source: Yahoo! News: Business News | 18 Jun 2010 | 2:41 pm Gold surges to all-time highThe price of gold surged to an all-time high for the second straight day Friday as economic anxiety continued to fuel a rally for the precious metal.Source: Business and financial news - CNNMoney.com | 18 Jun 2010 | 2:36 pm Wall St grinds higher in light sessionNEW YORK (Reuters) - U.S. stocks ground higher in another lightly traded session on Friday, ending a nervous week with gains despite signs of economic weakness at home and worries about public debt in Europe.
Source: Reuters: Business News | 18 Jun 2010 | 2:36 pm Wall St grinds higher in light session (Reuters)
Source: Yahoo! News: Stock Markets News | 18 Jun 2010 | 2:36 pm Gold hits record as investors seek alternate assetNEW YORK/LONDON (Reuters) - Gold rallied on Friday to an all-time record above $1,260 an ounce, as investors looked to precious metals for an alternative to equity or debt investments given renewed uncertainty about the economic recovery.
Source: Reuters: Business News | 18 Jun 2010 | 2:35 pm Goldman Needs A Little More Time To Craft Perfectly Worded Fuck You Letter To Securities And Exchange Commision
Source: Dealbreaker | 18 Jun 2010 | 2:30 pm Japan pledges to beat deflationJapan's government pledges to slash corporation tax and beat deflation to achieve stable economic growth.Source: BBC News | Business | World Edition | 18 Jun 2010 | 2:30 pm Retirement Roundup: Facing RealityAdvice on coping with some hard truths about retirement today.
Source: SmartMoney.com | 18 Jun 2010 | 2:30 pm BP set for overhaul as it seeks cash to pay for oil spill crisisWhich assets will BP sell and what shape will the group take after the Gulf of Mexico oil spill?Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Jun 2010 | 2:29 pm EMI gets new chief in shake-upThe British record company reveals that Roger Faxon, chairman and chief executive of EMI’s publishing division, is to step up to become chief executive of the entire groupSource: Financial Times - US homepage | 18 Jun 2010 | 2:27 pm U.S., China face off over currency ahead of G20WASHINGTON/BEIJING (Reuters) - The United States pressed China on Friday to move toward a market-based exchange rate, but Beijing said not to meddle with its management of the yuan, setting the stage for a clash at next week's G20 summit.
Source: Reuters: Business News | 18 Jun 2010 | 2:24 pm Citi (Gleefully?) Notes A Certain Bank Could Stand To Lose Metric Ass-Ton Of Money On Financial Reform
Wall Street Reform Could Cost Goldman Sachs Billions [HP]
Source: Dealbreaker | 18 Jun 2010 | 2:20 pm Presented By:Source: Dealbreaker | 18 Jun 2010 | 2:15 pm Serious Question Of The Day
Source: Dealbreaker | 18 Jun 2010 | 2:15 pm WaMu, Chemtura: Bloomberg Law Bankruptcy ReviewSource: Bloomberg - All Podcasts | 18 Jun 2010 | 2:14 pm Dollar steady as European crisis worries ebb (AP)AP - The dollar was little changed Friday against major currencies after European Union leaders moved to calm fears of a financial crisis.Source: Yahoo! News: Business News | 18 Jun 2010 | 2:06 pm Budget 2010: Stronger public finances fuel optimism ahead of BudgetEconomy gets a boost ahead of the emergency Budget as official data show that the UK's public finances are in better shape than forecast.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Jun 2010 | 1:48 pm IMF head seeks to allay fears over SpainThe head of the financial institution joined a chorus of official voices attempting to soothe financial markets worried about the eurozone debt crisis and Spanish financial fragilitySource: Financial Times - US homepage | 18 Jun 2010 | 1:41 pm Docs' win on Medicare too late to stop 21% cutDoctors who receive Medicare payments won a round Friday in their bid for a raise - but first they'll suffer a big cut in their government reimbursements.Source: Business and financial news - CNNMoney.com | 18 Jun 2010 | 1:36 pm Stelios plans emergency meeting to protest about easyJet paySir Stelios Haji-Ioannou has pledged to call an emergency meeting of shareholders to secure a protest vote over the levels of executive pay at easyJet.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Jun 2010 | 1:34 pm Vodafone dividend could rise in 2012Telecoms giant Vodafone could receive a dividend from its stake in Verizon Wireless as early as 2012, boosting the British company's own ability to hand back cash to shareholders.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Jun 2010 | 1:29 pm GW Pharmaceuticals cannabis-based drug Sativex approvedA ground-breaking cannabis-based drug for treating symptoms of multiple sclerosis has been approved in Britain.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Jun 2010 | 1:11 pm Swedish royals boost their business talentThe entrepreneurial background of Crown Princess Victoria’s new husband promises to reinforce the pro-business instincts of Sweden’s royal familySource: Financial Times - US homepage | 18 Jun 2010 | 1:07 pm Obama urges G20 to boost demandUS president Barack Obama calls on G20 countries to accelerate financial reform and strengthen public finances in a letter released ahead of the group’s meeting in TorontoSource: Financial Times - US homepage | 18 Jun 2010 | 1:07 pm Worst World Cup slackersSource: Business and financial news - CNNMoney.com | 18 Jun 2010 | 1:05 pm BP oil spill: What the US media wrote about Tony Hayward's grillingThe New York Times, Chicago Chronicle and Houston Chronicle provide a glimpse of the American reaction to BP's oil spill crisis.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 18 Jun 2010 | 1:01 pm Tony Hayward Gets His Life Back
 What's the deal with all this oil? Finally!
What should he do with all this new and richly deserved time? Other than work on his sets for next week’s open mic night at the Laugh Factory of course. [MarketWatch]
Source: Dealbreaker | 18 Jun 2010 | 1:00 pm Small talk: Japan, tanning, computerMarketplace's Brendan Newnam chats with fellow staffers Ben Adair, Stacey Vanek-Smith and Nihar Patel about under-the-radar business: a city in Japan, a tanning tax, and a super computerSource: Marketplace | 18 Jun 2010 | 12:58 pm Grappling with a mid-life job crisisWhen it comes to the job losses Americans are suffering through, it's been said that this has been very much a "middle-class" recession. That's because it's hit a broad number of industries. And many workers may never catch up to the career level they were before. Mitchell Hartman has the story of one worker who has had to start over.Source: Marketplace | 18 Jun 2010 | 12:57 pm Sponsor puts a new spin on bike rallyIf you own a motorcycle, you may have heard of Laconia Bike Week. The event is the oldest of the country's "Big Three" motorcycle rallies, and it used to be one of the wildest. But these days, a new corporate sponsor is part of a different scene. Shannon Mullen reports.Source: Marketplace | 18 Jun 2010 | 12:57 pm Chinese firm first to sponsor World CupIf you catch a World Cup game on TV, keep your eyes on the billboards circling the field. Rob Schmitz noticed something new in between the Adidas and McDonald's signs: the World Cup's first Chinese sponsor.Source: Marketplace | 18 Jun 2010 | 12:57 pm Why so many summer sequels?This summer, movies playing at your local theater may include "Toy Story, 3" "Shrek 4," and "Sex & the City 2." Notice a trend here? Stacey Vanek-Smith reports on why the line-up at your theater is looking like one big movie flashback.Source: Marketplace | 18 Jun 2010 | 12:56 pm Weekly Wrap: Obama and big bizThe Big Money's Heidi Moore and Visible Economy's Mike Mandel talk with Bob Moon about why BP CEO Tony Hayward is handing over day-to-day operations of the Gulf oil leak to his company's managing director and whether President Obama will be known for getting tough on big business.Source: Marketplace | 18 Jun 2010 | 12:56 pm Lowering Medicare, but not doctor payThe Senate has passed a bill that temporarily spares doctors from a 21% cut in Medicare payments. The House will take up the bill next week. So how do you lower Medicare costs without paying doctors less? Nancy Marshall Genzer reports.Source: Marketplace | 18 Jun 2010 | 12:56 pm What's driving GM car demand?Demand for GM cars is so high that the company is skipping its annual summer shutdown at its plants. Why is the carmaker doing so well? Alisa Roth reports.Source: Marketplace | 18 Jun 2010 | 12:56 pm Nintendo looks to extend its reach into 3DThe console maker’s ability to think outside the box manifested itself physically at the E3 video game show, as it unveiled a new form of gaming through its 3D handheld deviceSource: Financial Times - US homepage | 18 Jun 2010 | 12:49 pm Target-Date Funds: Will More Clarity Matter? (Broker Talk)Industry experts discuss the merits and limits of the SEC's proposed rules.
Source: SmartMoney.com | 18 Jun 2010 | 12:38 pm BioHealth Business Daily (AMGN, AMLN, ALKS, DNDN, SNY, GENZ, MIPI)There are many key movers in today’s BioHealth Business Daily. We have included background data, news, reactions, and added in color where applicable. BioHealth stocks to watch today are Amgen Inc. (NASDAQ: AMGN), Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN), Alkermes Inc. (NASDAQ: ALKS), Dendreon Corp. (NASDAQ: DNDN), Sanofi-Aventis (NYSE: SNY), Genzyme Corporation (NASDAQ: GENZ), and Molecular [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Jun 2010 | 12:37 pm Traders go World Cup crazy as markets languishNEW YORK (Reuters) - With the U.S. team playing in the World Cup tournament, Wall Street traders are taking advantage of mediocre volume to focus on the games, with trading floor atmosphere anything but dull.
Source: Reuters: Business News | 18 Jun 2010 | 12:36 pm Singin' the blues with Alligator RecordsTess Vigeland sits down with Bruce Iglauer, founder of Alligator Records, and talks about blues music that talks about unemployment.Source: Marketplace Money | 18 Jun 2010 | 12:34 pm A life as a Lego master model builderFormer carpenter Daniel Morey followed a similar path as Lego's founder Ole Kirk Christiansen to become a master model builder.Source: Marketplace Money | 18 Jun 2010 | 12:32 pm Traders go World Cup crazy as markets languish (Reuters)
Source: Yahoo! News: Stock Markets News | 18 Jun 2010 | 12:31 pm Older workers can't get into job marketSherri McClendon and many other older workers face the dilemma of being too old -- and hence, too expensive -- to be considered for many jobs and being too young to qualify for retirement benefits.Source: Marketplace Money | 18 Jun 2010 | 12:29 pm A jobless recovery and a lost generationThe tough job market new college graduates are getting dumped into may significantly affect their chances for higher positions and salaries.Source: Marketplace Money | 18 Jun 2010 | 12:29 pm BP Needs A Li’l Money
Embattled BP asks 7 banks for $1 billion each [Reuters]
Source: Dealbreaker | 18 Jun 2010 | 12:28 pm Ford aims to reinvent Explorer, recapture salesDETROIT (Reuters) - Ford Motor Co is counting on a leaner and greener makeover of its Explorer to find new buyers for a once hot-selling sport utility vehicle that powered the automaker's profits a decade ago.
Source: Reuters: Business News | 18 Jun 2010 | 12:27 pm Getting PersonalTess Vigeland and finance expert Ilyce Glink take Chicagoans' questions at the Thompson Center on landing a job, how much a college degree is worth and how to market yourself online.Source: Marketplace Money | 18 Jun 2010 | 12:21 pm Riding out a jobless recoveryTess Vigeland chats with John Challenger of the outplacement firm Challenger, Gray & Christmas on his thoughts of the job market's futureSource: Marketplace Money | 18 Jun 2010 | 12:21 pm BP suffers third rating downgradeRating agency Moody's downgrades BP's credit rating, adding to concerns over the outlook for the beleaguered firm.Source: BBC News | Business | World Edition | 18 Jun 2010 | 12:19 pm Unemployment doesn't discriminateTwo unemployed families share the same anxieties and concerns, even though one is black and working class, the other middle class and white.Source: Marketplace Money | 18 Jun 2010 | 12:17 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 | 18 Jun 2010 | 12:15 pm The Best Waterproof Digital CamerasWe tested the latest outdoor cameras -- by dunking, dropping and burying them.
Source: SmartMoney.com | 18 Jun 2010 | 12:10 pm Defeat cools South Africa’s football feverPride in the fact that the country defied expectations to organise a successful World Cup finals took a knock this week, and there are doubts over the hosts’ mood of unity if Bafana Bafana go out next weekSource: Financial Times - US homepage | 18 Jun 2010 | 12:06 pm CNBC Announces New Tagline
Source: Dealbreaker | 18 Jun 2010 | 11:55 am When it's not OK to be an internDear Annie: Can you explain something to me? I'm a film major at UCLA, graduating in 2011. A friend of mine, who graduated from my school last year, recently told me he was quitting a job as a production assistant at a TV studio. I know I could do what he was doing, it was a nonunion job, and it would be fantastic experience for me. So when I heard he had given two weeks' notice, I made an appointment with his boss and offered to fill in for the summer, as an intern, for no pay.Source: Business and financial news - CNNMoney.com | 18 Jun 2010 | 11:52 am Behravesh, Schenker, Kolhatkar, Arbess, Bogle: SurveillanceSource: Bloomberg - All Podcasts | 18 Jun 2010 | 11:37 am James O’Sullivan, Michael Hiltzik: Bloomberg On the EconomySource: Bloomberg - All Podcasts | 18 Jun 2010 | 11:36 am Buy Bonds Now (Ahead of the Curve)Luskin: Interest rates will stay low for a while, so take some risk. Here are the best bond plays.
Source: SmartMoney.com | 18 Jun 2010 | 11:33 am Study to stir dollar-renminbi debateChina’s currency is considerably less undervalued against the dollar than it was six months ago because of the cut in the country’s current account surplus, according to research by two US-based academicsSource: Financial Times - US homepage | 18 Jun 2010 | 11:26 am BP’s Tony Hayward To Lose Control Of Gulf OperationsAccording to SkyNews, Tony Hayward, CEO of BP, plc will lose control over the company’s operations in the Gulf of Mexico, the site of the Deepwater Horizon disaster. BP chairman Carl-Henric Svanberg told the news service that Hayward “is now handing over the operation to Bob Dudley.” Dudley is a managing director of BP. “It [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Jun 2010 | 11:21 am GM drive to restore Opel’s imageUS carmaker General Motors is to launch a campaign to try to restore confidence in its Opel brand by offering incentives for new and existing customersSource: Financial Times - US homepage | 18 Jun 2010 | 11:21 am Goodbye, Kroon. Hello, Euro!by Jacob Goldstein 
NiaD/Flickr
Farewell, Lydia Koidula, Estonian poet and playwright. Congrats, Estonia! You get to use the currency that's making the world nervous. Or, as the EU said yesterday:
On its face, it seems odd that Estonia would want to drop its currency, the kroon, to join the euro — and odd that the euro zone, with all its troubles, would be looking to expand. But there's a logic to the move, for both the EU and the Estonians. For Estonia, a former satellite of the Soviet Union, it means a kind of parity with the continent's economic powerhouses. "Joining the euro is a status issue for countries seeking to cement their position at Europe’s top table," Simon Tilford, the chief economist for the Center for European Reform, told the New York Times. For the EU, a new member is a sign of vitality. And besides, Estonia's been running a tight fiscal ship — it's debt-to-GDP ratio, for example, is far lower than those of France and Germany. Source: NPR Blogs: Planet Money | 18 Jun 2010 | 11:21 am Airport's offsetAuckland International Airport says a reduction in the corporate tax rate will likely offset any impact from the removal of the ability to depreciate buildings.The Government announced in May that it is removing the ability to...Source: nzherald.co.nz - Business | 18 Jun 2010 | 11:20 am Special Report: Amid the Gulf crisis, Wall St touted BP stockBOSTON (Reuters) - As early word of BP's Deepwater Horizon blowout began spreading, investors panicked. After closing above $60 before the April 20 disaster, the energy giant's shares plunged almost 20 percent in New York, to below $50, in just two weeks.
Source: Reuters: Business News | 18 Jun 2010 | 11:11 am Who Wants To Be A CEO?
Now Hiring: Fake Executives In China [CNBC
Source: Dealbreaker | 18 Jun 2010 | 11:10 am This Week’s Links6 organizations you didn’t know were secretly badass (via Mental Floss). Salon on the Cheapskate Next Door. The Economist on music rights and profits. Is FIFA’s president a hero or relentless self-promoter? It’s a great time to buy a house (The Big Picture).
Source: Business Pundit | 18 Jun 2010 | 11:06 am Nevada Passes Michigan In Unemployment Rate, Motor State Held Top Spot Since April 2006After four years as the state with the highest unemployment rates, Michigan has lost the top spot among states according to May numbers from the Bureau of Labor Statistics. Unemployment falls in 37 states during the month. Nevada reported the highest unemployment rate among the states, 14% percent in May. It was the first month [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Jun 2010 | 11:05 am Gender Gap Shrinks but Few Are Cheering (By the Numbers)Hough: Men and women draw closer on wages, but both are struggling.
Source: SmartMoney.com | 18 Jun 2010 | 11:01 am Lighter Quay meetingCreditors owed millions of dollars by the management company of five-star waterfront Westin Auckland will meet on June 24. The $130 million Lighter Quay hotel has been running at a loss since it opened three years ago. Developer...Source: nzherald.co.nz - Business | 18 Jun 2010 | 10:50 am Cut Defense Spending, Save the Economy?By Max Fisher of The Atlantic Wire With the spiraling U.S. budget deficit cited as a primary reason for the recently failed jobs bill, there is rising concern on Capitol Hill about how to pay for the things–such as economic stimulus–we so desperately need. The Atlantic’s Josh Green has a suggestion: Why not cut defense [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Jun 2010 | 10:27 am Port charges may riseAn arbitrator's interim decision "points" to a rise in the annual charge payable to South Port by New Zealand Aluminium Smelters (NZAS) for provision of infrastructure at Tiwai Wharf at Bluff, the port company says. The parties...Source: nzherald.co.nz - Business | 18 Jun 2010 | 10:20 am Africa's asset?Defence spending in the continent is risingSource: BBC News | Business | World Edition | 18 Jun 2010 | 10:15 am Kyrgyzstan aid due amid fears of instabilityThe United Nations will begin airlifting aid to thousands of refugees in south Kyrgyzstan as fears grow that the humanitarian crisis could fragment the central Asian country and destabilise the regionSource: Financial Times - US homepage | 18 Jun 2010 | 10:15 am Borders CFO takes chief operating officer jobNEW YORK (Reuters) - Borders Group Inc Chief Financial Officer Mark Bierley is taking on the additional role of chief operating officer, the latest change to the U.S. bookseller's upper management ranks.
Source: Reuters: Business News | 18 Jun 2010 | 10:14 am Popper on Economy, Wheeldon on BP, European Debt: First WordSource: Bloomberg - All Podcasts | 18 Jun 2010 | 10:12 am Walgreen and CVS settle drug plan fightNEW YORK (Reuters) - CVS Caremark Corp and Walgreen Co ended an 11-day standoff over reimbursements for drug prescriptions, saving a relationship worth billions of dollars and lifting shares of the two biggest U.S. drugstore chains.
Source: Reuters: Business News | 18 Jun 2010 | 10:09 am Mortgage lending 'still subdued'UK mortgage lending is still subdued, according to the Council of Mortgage Lenders, despite an increase in May.Source: BBC News | Business | World Edition | 18 Jun 2010 | 10:09 am Retirement: Getting Ahead of Interest RatesHere are four fixed-income strategies to help you cope if rates rise.
Source: SmartMoney.com | 18 Jun 2010 | 10:09 am Air NZ will quit IBM data centreAir New Zealand has confirmed it will sign a new data centre provider in Auckland.Rumours surfaced this week that IBM was being dumped from running Air NZ's data centre in Newton in favour of Telecom's IT business, Gen-i.The...Source: nzherald.co.nz - Business | 18 Jun 2010 | 10:00 am Ethanol Debate Will Heat Up as Subsidy Nears Expiration (ADM, VLO, PEIX, ANDE, BIOFThe federal subsidy of $0.45/gal for domestic ethanol is set to expire at year’s end, and the sparks are flying now as the embattled industry seeks to renew government payments. On one side are the producers themselves arguing that continued subsidies are necessary to help wean the country from its addiction to oil. On the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Jun 2010 | 9:57 am EMI appoints new group-wide bossEMI appoints a group-wide boss, and vows to make its music label and publishing arms work closer together.Source: BBC News | Business | World Edition | 18 Jun 2010 | 9:51 am Profiting from Gold at All-Time Highs (GLD, PHYS, GDX, GDXJ, GGN)Gold has effectively decoupled from everything. Markets rise, gold is up. Markets fall on uncertainty, gold is up. Dollar strength, gold is up. Euro strength, gold is up. Oil falls on demand, uncertainty, gold is up…. Kitco.com lists today’s spot gold price range of $1242.50 to $1261.80 as being the new high. We wanted to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Jun 2010 | 9:51 am 5 Reasons why cloud will rule the world
The drug of choice for many technically inclined people these days is “cloud computing.” I love cloud computing. Why? The idea behind cloud is a simple one. Rather than having dedicated servers for each client or group, a large number of people can share the infrastructure of a database, highly customizable software, or the general database platform for the desired applications. Despite its introduction in the early 2000s, cloud is only now starting to peak its head out of the cave and show us its blazing guns. Here are five reasons why cloud will rule the world now that it has shown us its real abilities. 1. The art of natural collaboration. With software as a service (SaaS), one of the main forms of cloud computing, there isn’t a need to install software on every computer or engage in a long and difficult process just to share files, documents, or information. With the use of cloud software, collaboration becomes second nature. Take Google Documents and Google Wave as examples. Multiple viewers can add to and edit the same document at the same time, even keeping open communication while doing so. This is able to happen due to the innovative way that cloud approaches file storage and editing processes. 2. Technical issues vanish in the haze. With previous forms of computing, such as the client-server computing relationship, technical issues were pretty severe. Since many of the resources that were required came from the on-site computers and servers, you had to have an internal technical support guru or department. Even with server run software, upgrades and alterations, especially ones that were customized to any degree, could be disastrous. Cloud computing shows its super hero qualities by having application companies provide their own technical support for the infrastructure, platforms, and software. 3. Software costs get flattened by a twelve ton anvil. Once upon a time, in the excruciatingly recent past, each individual computer that needed access to a database, set of utilities, platform, or software required its own software license. A technical support employee would have to get this software onto each and every computer and handle all the technical issues. Don’t forget that the company would have to purchase each of these licenses. With software running in the cloud, you don’t have to take this time to install software, nor do you have to pay the licensing fees, which can quickly add up. 4. Employees break the chains of location. Maybe you don’t want your employees to work on their projects from home, a cafe down the street, the city library, or their Aunt Mimi’s house. However, for companies that do want their employees to have that extra flexibility, the “work from anywhere” format of cloud computing is a modern day miracle. Exchange hosting, which gives you full access to exchange, will allow your employees to work from ANYWHERE! Even if they don’t want to. 5. Working with freelancers no longer requires pain killers. Working with freelancers used to be a painful process requiring an overly complicated structure for completing any given project. Now, with cloud, you can easily add freelancers as collaborators in your platform or software, then remove them when their services for your company have been completed. This, my friends, is why cloud computer is going to explode and become more common. Of course, not ever project is right to employ cloud computing- but you will probably know that before you explore. There are so many benefits, why wouldn’t cloud change the world?
Source: Business Pundit | 18 Jun 2010 | 8:26 am This Week’s Weird Jobs
Optimism is a feature of American life. And this week’s weird jobs are full of hope. Those hopefuls include a guy who wants to provide kissing lessons, the woman with the clogged toilet, and someone willing to lease you banana slugs. 1. VA: Kissing lessons Well you are in luck my friend! Right now you can take advantage of this once in a lifetime offer. I’m offering FREE, thats right, absolutely FREE kissing lessons to the first 500 women who apply. So don’t delay, those 500 free offers are going fast! If you act RIGHT NOW you will receive training on the following types of kisses: 1.) French kissing And much much more!!!! So what are you waiting for?? Pick up the phone now! And then put it back down and send me an email for an awe inspiring experience!! You won’t regret it!! * Compensation: $25 This actually sounds like a pretty sweet job, especially if the parents aren’t overbearing control freaks. 3. CA: CUT YOUR HAIR SHORT for $$$ Women only If you’ve ever wanted to cut your hair super short now is your chance. If you want to try a buzzcut or extreme boyish haircut contact us. Serious enquiries only. Please send picture for evaluation. * Compensation: $40-$150 Hey, it’s better than getting paid to be a medical research guinea pig. 4. Fix my toilet and I’ll love you forever Drano (yeah, yeah, you’re not supposed to put Drano in a toilet) I can’t afford a plumber but let me just say that the toilet is turning neat shades of green now and I want to puke every time I walk by. The three year old does not understand to stop flushing! What I have: well, I do get paid in two weeks, but I’ll die from gas fumes by then a fax/copier laser thingie- one year old Anyone want to help me before the toilet grows space aliens and they attack us while we’re sleeping?! This ad could be the definition of a sympathy case. 5. Portland: Slugs for lease I have some banana slugs I will lease out for $1.00 per day. You just come catch them, and keep sliding dollar bills under my front door. I also have some worms available for .50 daily, and a few spiders as well. I am trying to save up for a flat screen TV. Thank you so much in advance. Y’know, another way to save for the flat screen is to lay off the mary jane. Just saying.
Source: Business Pundit | 18 Jun 2010 | 7:46 am Obama To China: Buy Our Stuffby Jacob Goldstein President Obama has a few key economic messages for the world: China needs to buy more stuff from other countries; Europe (and the U.S.) shouldn't be too hasty in the push for austerity; and banks need to hold bigger rainy-day funds. Those are the messages (some implicit, some explicit) in this letter to world leaders, written ahead of the upcoming G-20 summit and obtained by the Washington Post. Here are a few of the key passages: The letter doesn't mention China by name. But it includes a passage that clearly applies to China. For years, the U.S. has imported more than it's exported, while China has done the reverse. Obama writes:
This is followed by a bit that's aimed at China's policy of tying its currency to the dollar. U.S. officials have called for China to allow the value of its currency to fluctuate. That would make U.S. goods cheaper for Chinese consumers. (It would also make Chinese goods more expensive for U.S. consumers.)
Elsewhere in the letter, Obama addresses Europe and the U.S., when he argues that governments shouldn't cut spending too quickly:
Finally, he argues for a few reforms of the global financial system. This section of the letter is pretty general. On one key subject — how much money banks should hold in reserve, and what form that money should take — Obama basically says banks should hold bigger cushions, but doesn't get into specifics:
Update: Thanks to the commenters who pointed out the typos in the post. They've been fixed. Source: NPR Blogs: Planet Money | 18 Jun 2010 | 7:31 am ETF Commodity Assets Rose in May, Says BlackRock: AudioSource: Bloomberg - All Podcasts | 18 Jun 2010 | 7:13 am TOP DAY TRADER ALERTS (ABK, AMLN, NMTI, FNM, FRE, BP, WAG, CVS, KAMN)Ambac Financial Group, Inc. (NYSE: ABK) had been up over 6% but is now just up 2.5% at $0.80. The troubled company has a debt for equity exchange announced with certain holders of Ambac’s 9⅜% debentures due August 2011 where it will issue 5,036,068 common shares in exchange for $8.5 million in aggregate principal amount [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Jun 2010 | 7:08 am Today’s Best Market Rumors (6/18/2010)Updated throughout the day. Motorola (NYSE: MOT) will put most of the cash on its balance sheet with its new independent cellphone spin off (WSJ) Several private equity firms seeking new investors will fact difficulty bringing in new funds. (Reuters) Citigroup (NYSE: C) plans to raise $3 billion for its private equity group. (Bloomberg) Douglas [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Jun 2010 | 6:55 am Motricity IPO, An Under-Price IPO (MOTR)Motricity (NASDAQ: MOTR) is coming public this morning, but at a lower price than had been expected. The prior $14 to $16 per share range was cut down to $10 to $11 per share and the 6.75 million previously expected was then dropped to about 5.875 million shares. The deal has priced 6,000,000 shares of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 18 Jun 2010 | 6:50 am Times Have Changed
Source: Business Pundit | 18 Jun 2010 | 5:45 am European Banks to Get Stress Tests (Early Bird)WHAT'S HAPPENING NOW: Tests could calm US markets roiled by the European debt crisis.
Source: SmartMoney.com | 18 Jun 2010 | 5:06 am Investing and Lady Luck: The Odd Couple (Money and Your Mind)Belief in luck can't help in things you can't control -- like the stock market.
Source: SmartMoney.com | 18 Jun 2010 | 3:47 am
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