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Obama prods Congress to finish financial overhaul (AP)
Source: Yahoo! News: Business News | 26 Jun 2010 | 4:16 am US unveils plan to make online transactions safer (AP)
Source: Yahoo! News: Business News | 26 Jun 2010 | 4:09 am Weather could be latest problem in spill cleanup (AP)
Source: Yahoo! News: Business News | 26 Jun 2010 | 4:09 am World summit turning attention to nuclear threats (AP)
Source: Yahoo! News: Business News | 26 Jun 2010 | 4:09 am Obama calls for bank tax as next step in reformTORONTO (Reuters) - President Barack Obama, fresh from a win on a sweeping overhaul of Wall Street regulations, on Saturday urged Congress to take up his proposal for a $90 billion, 10-year tax on banks as the next step in reform.
Source: Reuters: Business News | 26 Jun 2010 | 4:04 am The great spending debateSpending is becoming a dirty word in Congress and in Europe because of concerns over unsustainable growth in debt.Source: Business and financial news - CNNMoney.com | 26 Jun 2010 | 3:28 am Rail ticket machine prices rowPassenger groups accuse rail companies of putting profits before passengers by not always offering the cheapest fares on ticket vending machines.Source: BBC News | Business | World Edition | 26 Jun 2010 | 3:27 am Obama urges G20 co-ordinationGermany's chancellor insists Europe's leaders are making good progress in talks with the US on bolstering economic growth.Source: BBC News | Business | World Edition | 26 Jun 2010 | 3:09 am Thousands of Taiwanese protest China trade pact (AP)
Source: Yahoo! News: Business News | 26 Jun 2010 | 3:01 am Stocks: Mixed day, down weekFinancial shares rallied Friday on relief that the new version of the Wall Street reform bill is less restrictive than had been expected, but the broader market was mixed at the end of a down week on Wall Street.Source: Business and financial news - CNNMoney.com | 26 Jun 2010 | 2:51 am Cleanup czar to tour Gulf region next week (AP)AP - President Barack Obama's point man for the clean up and recovery of the area affected by the Gulf oil spill will tour the region next week.Source: Yahoo! News: Business News | 26 Jun 2010 | 2:20 am Cleanup czar to tour Gulf region next weekPresident Barack Obama's point man for the clean up and recovery of the area affected by the Gulf oil spill will tour the region next week. According to a statement from his office,...Source: RSS feed - channel BNewsBusiness | 26 Jun 2010 | 1:53 am Dubai ruler says will go ahead with all projects-CNNDUBAI (Reuters) - Dubai's ruler said the emirate would go forward with all development projects within a year in an interview with CNN broadcast on Friday, after billions of dollars worth...Source: RSS feed - channel BNewsBusiness | 26 Jun 2010 | 1:51 am Dubai ruler says will go ahead with all projects-CNNDUBAI (Reuters) - Dubai's ruler said the emirate would go forward with all development projects within a year in an interview with CNN broadcast on Friday, after billions of dollars worth of projects were canceled in the wake of the global financial downturn.
Source: Reuters: Business News | 26 Jun 2010 | 1:51 am World summit turning attention to nuclear threatsAfter failing to resolve their differences on economic strategy, world leaders are turning their attention to grappling with some of the globe's toughest foreign policy problems. ...Source: RSS feed - channel BNewsBusiness | 26 Jun 2010 | 1:46 am Financial reform Q&A: How changes affect youLegislation will set up a new consumer protection agency and affect how Americans take out mortgages and use their credit cards. ...Source: RSS feed - channel BNPaperBusiness | 26 Jun 2010 | 1:00 am Toyota recalls Lexus HS 250h hybrid, halts salesAfter government tests show the hybrid could leak fuel in a rear-end collision, Toyota stops all sales and recalls 17,000 sedans, including 4,000 at dealerships. ...Source: RSS feed - channel BNPaperBusiness | 26 Jun 2010 | 1:00 am Congressional negotiators wrap up work on financial reform legislationThe landmark regulatory overhaul, which would dramatically expand the government's oversight of the financial industry, is expected to get final approval from the House and Senate next week.Almost two years after the worst financial crisis since the Great Depression, congressional negotiators completed work Friday on landmark legislation designed to prevent a recurrence by dramatically expanding the government's oversight of the financial industry.
Source: L.A. Times - Business | 26 Jun 2010 | 1:00 am 3-D TV sets are selling, but no instant crazeThe new televisions hit shelves with much hype. But the first three months of sales weren't extraordinary, and awareness of the home technology is middling. ...Source: RSS feed - channel BNPaperBusiness | 26 Jun 2010 | 1:00 am Box-office futures trading ban is included in financial reform billThe MPAA says box-office futures trading would skew public perception of movies before they open. Supporters of the trading say it would be a useful tool for the entertainment industry. ...Source: RSS feed - channel BNPaperBusiness | 26 Jun 2010 | 1:00 am Carl Icahn: Lions Gate-MGM merger is problematic, not impossibleShareholder Carl Icahn views a potential merger between Lions Gate Entertainment and Metro-Goldwyn-Mayer as questionable, though he stopped short of saying he would oppose a deal. ...Source: RSS feed - channel BNPaperBusiness | 26 Jun 2010 | 1:00 am Congressional negotiators wrap up work on financial reform legislationThe landmark regulatory overhaul, which would dramatically expand the government's oversight of the financial industry, is expected to get final approval from the House and Senate next week. ...Source: RSS feed - channel BNPaperBusiness | 26 Jun 2010 | 1:00 am A financial fix, but for better or worse?In the name of avoiding another catastrophic financial crisis, Congress and the Obama administration have crafted a new law thousands of pages in length and dealing with every nook and cranny of the banking...Source: RSS feed - channel BNPaperBusiness | 26 Jun 2010 | 1:00 am Financial reform package wouldn't change Wall Street muchThe legislation leaves largely untouched some of the biggest concerns about the financial industry that grew out of the mortgage meltdown and the resulting credit crisis. ...Source: RSS feed - channel BNPaperBusiness | 26 Jun 2010 | 1:00 am Toyota recalls Lexus HS 250h hybrid, halts salesAfter government tests show the hybrid could leak fuel in a rear-end collision, Toyota stops all sales and recalls 17,000 sedans, including 4,000 at dealerships.Toyota Motor Corp. has stopped all sales of its 2010 Lexus HS 250h hybrid after government tests showed it could leak fuel in a rear-end collision.
Source: L.A. Times - Business | 26 Jun 2010 | 1:00 am Don't hold iPhone 4 that way, Apple says'Avoid gripping it in the lower left corner in a way that covers both sides of the black strip in the metal band,' Apple says. Users have found that cradling the iPhone in their hand can cause loss of...Source: RSS feed - channel BNPaperBusiness | 26 Jun 2010 | 1:00 am 3-D TV sets are selling, but no instant crazeThe new televisions hit shelves with much hype. But the first three months of sales weren't extraordinary, and awareness of the home technology is middling.Barely settled into their first home together, Arman Galstyan and Carolyn Kaloostian were itching to buy a new television to go along with it.
Source: L.A. Times - Business | 26 Jun 2010 | 1:00 am Carl Icahn: Lions Gate-MGM merger is problematic, not impossibleShareholder Carl Icahn views a potential merger between Lions Gate Entertainment and Metro-Goldwyn-Mayer as questionable, though he stopped short of saying he would oppose a deal.Dissident shareholder Carl Icahn said he views a potential merger between Lions Gate Entertainment and Metro-Goldwyn-Mayer as very problematic given the troubles at both studios, though he stopped short of saying he would oppose a deal "if it made sense."
Source: L.A. Times - Business | 26 Jun 2010 | 1:00 am Financial reform package wouldn't change Wall Street muchThe legislation leaves largely untouched some of the biggest concerns about the financial industry that grew out of the mortgage meltdown and the resulting credit crisis.The financial reform legislation might change how Wall Street does business, but it would hardly put Wall Street out of business.
Source: L.A. Times - Business | 26 Jun 2010 | 1:00 am Don't hold iPhone 4 that way, Apple says'Avoid gripping it in the lower left corner in a way that covers both sides of the black strip in the metal band,' Apple says. Users have found that cradling the iPhone in their hand can cause loss of signal.A day after users discovered that cradling Apple Inc.'s new iPhone in your hand may interfere with its antenna and cause it to lose its signal, the company has suggested a solution:
Source: L.A. Times - Business | 26 Jun 2010 | 1:00 am A financial fix, but for better or worse?In the name of avoiding another catastrophic financial crisis, Congress and the Obama administration have crafted a new law thousands of pages in length and dealing with every nook and cranny of the banking business.
Source: L.A. Times - Business | 26 Jun 2010 | 1:00 am Box-office futures trading ban is included in financial reform billThe MPAA says box-office futures trading would skew public perception of movies before they open. Supporters of the trading say it would be a useful tool for the entertainment industry.A proposed ban on box-office futures markets has survived a marathon House-Senate negotiation over the financial reform package that Congress is likely to pass next week.
Source: L.A. Times - Business | 26 Jun 2010 | 1:00 am Obama, Cameron expected to talk BP spillTORONTO/MIAMI (Reuters) - U.S. President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.
Source: Reuters: Business News | 26 Jun 2010 | 12:05 am Euro is a 'credible, solid' currency: LagardeFrench Finance Minister Christine Lagarde called the euro "a credible, solid" currency and expressed confidence that troubled eurozone member Greece will be able to cut its public debt. ...Source: RSS feed - channel BNewsBusiness | 25 Jun 2010 | 10:47 pm An extra 5m people to pay higher-rate tax5m workers to become higher-rate taxpayers during this parliament.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jun 2010 | 10:22 pm Financial reform Q&A: How changes affect youLegislation will set up a new consumer protection agency and affect how Americans take out mortgages and use their credit cards.The voluminous financial reform package hammered out by lawmakers Friday extends far beyond Wall Street.
Source: L.A. Times - Business | 25 Jun 2010 | 10:20 pm Big banks face 'jarring shake-up' from new rulesFinancial reforms finalized this week may trigger a “jarring shake-up” of the industry, forcing some of the largest companies to change how and where they do business in a bid to preserve profits, analysts say.
Source: MarketWatch.com - Top Stories | 25 Jun 2010 | 10:01 pm Nick Godt's Market Medics: Stocks sense the plague is coming (back)As leaders of the Group of 20 nations meet in Toronto this weekend, we’ll all be reminded why the outlook for jobs and global growth as well as for markets is getting darker by the minute.
Source: MarketWatch.com - Top Stories | 25 Jun 2010 | 10:01 pm Global financial regulations also fit China: central bankerSHANGHAI (Reuters) - Most principles embodied in a new set of financial regulatory rules proposed by the United States and Europe also fit China, and embracing them early would help it...Source: RSS feed - channel BNewsBusiness | 25 Jun 2010 | 9:59 pm Leaders play down austerity split on eve of G20HUNTSVILLE, Ontario (Reuters) - The world's richest economies, saddled with huge debts after spending their way out of the credit crisis, papered over differences on Friday on how to clean up their finances with minimal damage to growth.
Source: Reuters: Business News | 25 Jun 2010 | 9:53 pm Congo: Bodies recovered from plane crashAuthorities have recovered all 11 bodies from a jungle plane crash in west Africa, which killed six Australian mining executives.The entire board of Perth-based mining company Sundance Resources were among the 11 people killed...Source: nzherald.co.nz - Business | 25 Jun 2010 | 9:41 pm New Apple iPhone hard to find, but not impossibleSAN FRANCISCO (Reuters) - Apple Inc's newest iPhone flew off store shelves, but lucky shoppers still managed on Friday to get their hands on one at least a dozen stores across the United States.
Source: Reuters: Business News | 25 Jun 2010 | 9:16 pm Recalls: tiaras, garlic spread, diet supplement_About 7,300 children's tiaras, made in China and imported by Wilton Industries Inc. of Woodridge, Ill., because the item contains high levels of lead, which is dangerous for young...Source: RSS feed - channel BNewsBusiness | 25 Jun 2010 | 8:15 pm PRESS DIGEST - Financial Times - June 26Only 19 percent of 83 company tax directors from FTSE 350 companies, polled by professional services firm PwC, said tax changes announced in the Budget would attract businesses to the UK. The poll found...Source: RSS feed - channel BNewsBusiness | 25 Jun 2010 | 7:48 pm Stocks eye jobs as economic worries lingerNEW YORK (Reuters) - Stock investors will anxiously await the crucial June jobs data next week for clues on how the U.S. economy may weather recent storms that drove Wall Street's major indexes down for the year.
Source: Reuters: Business News | 25 Jun 2010 | 7:26 pm Stocks eye jobs as economic worries lingerNEW YORK (Reuters) - Stock investors will anxiously await the crucial June jobs data next week for clues on how the U.S. economy may weather recent storms that drove Wall Street's major...Source: RSS feed - channel BNewsBusiness | 25 Jun 2010 | 7:26 pm Stocks eye jobs as economic worries linger (Reuters)Reuters - Stock investors will anxiously await the crucial June jobs data next week for clues on how the U.S. economy may weather recent storms that drove Wall Street's major indexes down for the year.Source: Yahoo! News: Stock Markets News | 25 Jun 2010 | 7:26 pm KB Home reports second-quarter loss; shares fallThe builder says orders declined 23% in the period as a popular tax credit expired.Shares of Los Angeles home building titan KB Home fell 9% Friday as the company reported a smaller loss but disappointing orders for new homes in the second quarter, fallout from an expiring federal tax credit that had fueled sales.
Source: L.A. Times - Business | 25 Jun 2010 | 7:15 pm KB Home reports second-quarter loss; shares fallThe builder says orders declined 23% in the period as a popular tax credit expired. Shares of Los Angeles home...Source: RSS feed - channel BNPaperBusiness | 25 Jun 2010 | 7:15 pm BP adds $5 bln to available credit-WSJNEW YORK, June 25 (Reuters) - BP Plc has added $5 billion to its available credit to ensure it has enough money to meet the costs of the Gulf of Mexico oil spill, according to a story on the Wall Street...Source: RSS feed - channel BNewsBusiness | 25 Jun 2010 | 6:46 pm US overhaul could push some trading overseas (AP)
Source: Yahoo! News: Business News | 25 Jun 2010 | 6:46 pm Hanover Community Bank Expands its Board of DirectorsSource: RSS feed - channel BNewsBusiness | 25 Jun 2010 | 6:35 pm Real estate magnate Walter Shorenstein dies (AP)AP - Real estate magnate Walter Shorenstein, an adviser to U.S. presidents whose company controlled about 30 million square feet of commercial real estate, has died. He was 95.Source: Yahoo! News: Business News | 25 Jun 2010 | 6:25 pm Democrats mulling stand-alone jobless aid (AP)
Source: Yahoo! News: Business News | 25 Jun 2010 | 5:42 pm Way clear for Wall Street overhaulThe US Congress finalised a major regulatory overhaul of the financial sector that would impose a $19bn levy on Wall Street, and force banks such as Goldman Sachs and Morgan Stanley to retreat from lucrative businesses.Source: Financial Times - US homepage | 25 Jun 2010 | 5:36 pm New overdraft protection rulesTess Vigeland talks with Bankrate.com's Greg McBride about the Federal Reserve's new bank overdraft protection rules.Source: Marketplace Money | 25 Jun 2010 | 5:29 pm Scam artists flourish in the recessionTess Vigeland examines the latest financial scams with consumer finance columnist for the Cleveland Plain Dealer, Sheryl Harris.Source: Marketplace Money | 25 Jun 2010 | 5:29 pm Latin American Markets: Brazil, Mexico stocks rise as resources gainBrazilian and Mexican stocks rise Friday, but the key indexes end mixed for the week.
Source: MarketWatch.com - Top Stories | 25 Jun 2010 | 5:18 pm Toyota recalls 17,000 Lexus carsToyota is recalling 17,000 Lexus vehicles because they spilled too much gasoline during crash tests, the company said Friday.Source: Business and financial news - CNNMoney.com | 25 Jun 2010 | 5:15 pm Top Ten: MarketWatch top 10 stories of the week, June 21-25U.S. stocks finish a listless trading session fractionally higher, as relief over congressional legislation boosted the financial sector but economic worries still took a heavy toll on the week.
Source: MarketWatch.com - Top Stories | 25 Jun 2010 | 5:14 pm Write-Offs: 06.25.10
$$$ Wall Street Critic Becomes Defendant [WSJ] $$$ To Catch A Ponzi Schemer [Consumerist] $$$ Goldman Told To Pay Bayou Fund Creditors [WSJ]
 Source: Dealbreaker | 25 Jun 2010 | 4:57 pm Bank warns of eurozone risk to UKThe European debt crisis represents a "key risk" to the UK's banking sector the Bank of England has warned.Source: BBC News | Business | World Edition | 25 Jun 2010 | 4:43 pm UAL and Continental pilot negotiations hit snagWASHINGTON (Reuters) - Efforts by United Airlines, a unit of UAL Corp , and Continental Airlines to reach a joint contract with pilots before concluding their merger have hit a snag, pilots said on Friday.
Source: Reuters: Business News | 25 Jun 2010 | 4:42 pm Toyota recalling, halting sales of Lexus HS250h in U.S.WASHINGTON (Reuters) - Toyota Motor Co is recalling and temporarily halting sales of its 2010 Lexus HS250h gasoline-electric hybrid due to a potential fuel leak problem, the company said on Friday.
Source: Reuters: Business News | 25 Jun 2010 | 4:34 pm Toyota recalling, halting sales of Lexus HS250h in U.S. (Reuters)
Source: Yahoo! News: Business News | 25 Jun 2010 | 4:34 pm Overwhelming security and cost concerns for G-20Lockdown, ghost town, boondoggle, protest central. These are four ways to describe the state of downtown Toronto as the city prepares for the arrival of leaders from the Group of 20 countries.
Source: MarketWatch.com - Top Stories | 25 Jun 2010 | 4:19 pm Lawmakers seal deal on historic Wall Street reformWASHINGTON (Reuters) - Lawmakers hammered out a historic overhaul of financial regulations on Friday, handing President Barack Obama a major domestic policy victory on the eve of a global summit of world leaders.
Source: Reuters: Business News | 25 Jun 2010 | 4:15 pm Weekend Investor: These small-bank stocks look like a good value betWith federal banking reform moving ahead this week, shares of the smallest community banks are a good bet on any recovery in the credit cycle, say money-managers and industry analysts, who are becoming more bullish about a turnaround for banks with assets of $1 billion or less.
Source: MarketWatch.com - Top Stories | 25 Jun 2010 | 4:15 pm Where old iPhones go to dieIn the wake of Thursday's iPhone 4 launch frenzy lies as trail of unloved, no-longer-needed iPhones cast off by owners trading up for the shiny new model.Source: Business and financial news - CNNMoney.com | 25 Jun 2010 | 4:02 pm Stocks to Watch: Stocks to watch Monday: Barnes & Noble, MicronAmong the companies whose shares are expected to see active trading in Monday's session are Barnes & Noble, Zep Inc. and Micron Technology.
Source: MarketWatch.com - Top Stories | 25 Jun 2010 | 4:02 pm Chinese pay rises spur move to cheaper sitesThe move away from the coastal locations of the Pearl and Yangtze river deltas to other provinces in the country will be an important factor in keeping down retail pricesSource: Financial Times - US homepage | 25 Jun 2010 | 4:01 pm Bank stocks rally after financial regulation deal (AP)AP - BANKS OUTPERFORM: Bank stocks rallied after lawmakers agreed on a financial regulation bill. The bill was milder than investors feared, so they were reassured that financial companies' profits won't be devastated.Source: Yahoo! News: Stock Markets News | 25 Jun 2010 | 3:58 pm Summary Box: Alleged Ponzi scam halted (AP)AP - HALT TO ALLEGED PONZI: The Securities and Exchange Commission got a court order to halt an alleged $34 million Ponzi scheme targeting federal employees with promises of safe investments in a nonexistent bond fund.Source: Yahoo! News: Stock Markets News | 25 Jun 2010 | 3:53 pm Clean Energy, Risks & Strategies, Ice Cream: Taking StockSource: Bloomberg - All Podcasts | 25 Jun 2010 | 3:50 pm Bank stocks soar on financial regulation agreement (AP)
Source: Yahoo! News: Stock Markets News | 25 Jun 2010 | 3:46 pm Mediation, Watch List: Bloomberg Law Bankruptcy ReviewSource: Bloomberg - All Podcasts | 25 Jun 2010 | 3:38 pm The Friday Podcast: Why A Dead Shark Costs $12 Millionby Jacob Goldstein 
Regina Kuehne/Keystone/AP
"The Physical Impossibility of Death in the Mind of Someone Living," by Damien Hirst. On today's Planet Money: Why a dead shark costs $12 million, and a photo of steel wool that looks like a tornado costs $1,265. In other words, we wade into the economics of the art world. Here's a slide show with some of the works we talk about in the podcast: Art economics slideshow For more, read Ed Winkleman's blog and check out his gallery. Browse the works of Matthew Albanese, the man behind the steel-wool tornado. And read "Art Investment as Floating Crap Game" by William Baumol, an economist and artist. Also on today's podcast: We talk about some of the last-minute changes to the big finance bill that cleared a conference committee today. For more on that, read our post from this morning. Download the podcast, or Subscribe. Music: Sia's "Clap Your Hands." Find us: Twitter/ Facebook/ Flickr. Source: NPR Blogs: Planet Money | 25 Jun 2010 | 3:35 pm Real Estate Weekly: Home-buyer tax-credit extension stalled for nowIf you’re planning to claim the home-buyer tax credit, better get to the closing table soon: A measure that would have extended the amount of time that buyers have to close the deal got shelved in the Senate this week.
Source: MarketWatch.com - Top Stories | 25 Jun 2010 | 3:31 pm Charlie Gasparino Puts In His Two Cents
Source: Dealbreaker | 25 Jun 2010 | 3:17 pm Oracle lifts Nasdaq while S&P rises on banks (Reuters)
Source: Yahoo! News: Stock Markets News | 25 Jun 2010 | 3:14 pm Oracle lifts Nasdaq while S&P rises on banksNEW YORK (Reuters) - The Nasdaq and S&P 500 rose modestly on Friday on relief that the financial regulation bill wouldn't crimp Wall Street profits as badly as feared and as tech company Oracle's strong results revived hopes about business spending.
Source: Reuters: Business News | 25 Jun 2010 | 3:14 pm Energy Stocks: BP, Exxon lead energy stocks lowerOil and gas stocks close lower Friday as BP PLC shares tumble to new lows for the year. Sector losses top 5% for the week.
Source: MarketWatch.com - Top Stories | 25 Jun 2010 | 3:13 pm Tech Stocks: RIM in retreat as Oracle gains following resultsResearch In Motion Ltd. shares slide more than 10% after the BlackBerry maker reports softer-than-expected sales growth. But Oracle Corp.'s shares gain ground.
Source: MarketWatch.com - Top Stories | 25 Jun 2010 | 3:13 pm G8 moves to decrease aid pledgeThe G8, which was meeting in Muskoka, Canada ahead of the G20 meeting in Toronto at the weekend, appeared to be dropping from its communiqué the pledges to increase aid by $50bn that it made in Gleneagles in 2005Source: Financial Times - US homepage | 25 Jun 2010 | 3:03 pm Early signs of consensus at G-8 summitThe leaders of the Group of Eight world economic powers have taken the first steps toward a "broad consensus" on the need to balance growth with shrinking deficits, according to a senior White House official said Friday.Source: Business and financial news - CNNMoney.com | 25 Jun 2010 | 2:53 pm How the major stock indexes fared on Friday (AP)AP - Bank stocks were the market's big performers Friday, even as the Dow Jones industrial average fell almost 9 points and the other major indexes had only slim gains. Banks posted big gains after an agreement on a financial regulation bill reassured investors that new rules won't devastate financial companies' profits.Source: Yahoo! News: Stock Markets News | 25 Jun 2010 | 2:49 pm Greece Playa Hatas Might Want To Consider Checking Themselves
Source: Dealbreaker | 25 Jun 2010 | 2:49 pm Accept cuts or we'll target pensions, David Cameron warns unionsDavid Cameron will use the threat of cuts to public-sector pensions as a bargaining tool to counter trade union unrest over Coalition's plans to cut spending by £100bn over five years.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jun 2010 | 2:47 pm Tough Week for Dow Ends With Slip (Market Update)Bank stocks surged, boosted by relief over a deal on new financial-regulation overhaul, but...
Source: SmartMoney.com | 25 Jun 2010 | 2:27 pm Financial reform agreement fuels risk takingGlobal market overview: An agreement on US financial reform has, for the moment, relieved fears that the US and European economies’ recovery is weakeningSource: Financial Times - US homepage | 25 Jun 2010 | 2:24 pm Retirement Roundup: New Rules, New RisksSmartMoney's weekly look at retirement news from around the web.
Source: SmartMoney.com | 25 Jun 2010 | 2:17 pm Candy wins battle over Qatari property dealChristian Candy has won his case against Qatari Diar Real Estate Investment over the withdrawal of plans for a £3m residential scheme at London’s Chelsea Barracks – but no damages were awarded by the judgeSource: Financial Times - US homepage | 25 Jun 2010 | 2:07 pm BP oil spill: The more optimistic Tony Hayward sounds, the worse things getAs object lessons go, the BP saga has become a must for oil men, engineers and financiers. But what about linguists?Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jun 2010 | 1:59 pm Bumpy road ahead for Avis rights issueOk, what car does 70mph in first gear? That's right. A hire car. The jokes about the car rental industry have been around for yonks - but so too have the problems.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jun 2010 | 1:55 pm The stealth ban on Gulf drillingThe offshore drilling ban imposed after the BP disaster is only supposed to hit operations in deep water -- 500 feet or more.Source: Business and financial news - CNNMoney.com | 25 Jun 2010 | 1:46 pm Wall Street reform: What's in the billAfter more than a year of work and two weeks of negotiations, lawmakers early Friday finished melding different versions of Wall Street reform.Source: Business and financial news - CNNMoney.com | 25 Jun 2010 | 1:44 pm France unveils €3.5bn in fresh tax risesParis announces a further €3.5bn of tax rises for 2011 as it seeks to bolster confidence in its commitment to reduce its budget deficitSource: Financial Times - US homepage | 25 Jun 2010 | 1:34 pm Fame & Fortune: Michael Holding'I have never made a penny from gambling, but I have made a lot of money out of other people gambling'.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jun 2010 | 1:30 pm SEC halts alleged $34M Ponzi scheme (AP)AP - The government said Friday it obtained a court order to halt an alleged $34 million Ponzi scheme targeting federal employees and law enforcement agents nationwide with promises of safe investments in a nonexistent bond fund.Source: Yahoo! News: Stock Markets News | 25 Jun 2010 | 1:18 pm U.S. slaps $19 billion tax on banksAs world leaders gather in Canada to discuss ways to strengthen the global economy, lawmakers in the United States finalized a bill Friday that would impose a $19 billion tax on financial institutions.Source: Business and financial news - CNNMoney.com | 25 Jun 2010 | 1:16 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 | 25 Jun 2010 | 1:13 pm How Your Financial Regulation Bill Sausage Gets Made
Source: Dealbreaker | 25 Jun 2010 | 1:12 pm Budget's austerity measures see Connaught shares crashConnaught saw almost a third of its market value wiped off last night after the social housing maintenance company warned public spending cuts could reduce its revenues by £80m this year.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jun 2010 | 1:08 pm Consumer Advocates React to Reform (Consumer Action)Cheers for a consumer protection bureau; boos for a car dealer exemption.
Source: SmartMoney.com | 25 Jun 2010 | 1:08 pm Make your nest egg lastQuestion: I often see articles recommending a 4% withdrawal rate to avoid running out of money in retirement. But it seems to me that if you earn a 4% return, which isn't excessive, you could withdraw 4% of your savings forever without ever touching principal, let along run through your savings. Am I missing something? -- John N., Washington, D.C.Source: Business and financial news - CNNMoney.com | 25 Jun 2010 | 1:04 pm The cost of retiring at 66How much extra will you have to save to retire at 65?Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jun 2010 | 12:59 pm David Cameron calls on G20 to take 'unpopular' decisions for growthPrime minister exposes G20 rift with call for other countries to follow UK's lead on taxes and spending to tackle massive deficits.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jun 2010 | 12:56 pm $6m for new craneSouth Port New Zealand is spending $6 million to buy a Liebherr mobile harbour crane for its Bluff port. The LHM 400 crane replaces a smaller Liebherr LHM 320 crane. The company is also buying a $750,000 heavy lift container...Source: nzherald.co.nz - Business | 25 Jun 2010 | 12:50 pm Derivatives blow for Wall Street banks under historic US reformsBig banks will have to hive off their most complex forms of derivatives trading under the most sweeping US financial reforms since the Great Depression.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jun 2010 | 12:46 pm BP shares at 14-year low on funding woes, storm fearsBP's funding costs rise amid questions over oil spill finances and threat a potential hurricane in the Gulf of Mexico.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jun 2010 | 12:44 pm Federal Reserve Speak -- Translated (Ahead of the Curve)Luskin: The economy is muddling along, which means stocks probably will too.
Source: SmartMoney.com | 25 Jun 2010 | 12:38 pm Orszag exit reveals deficit policy splitPeter Orszag, Barack Obama’s budget director, resigned this week partly in frustration over his lack of success in persuading the Obama administration to tackle the fiscal deficit more aggressively, according to sources inside and outside the White HouseSource: Financial Times - US homepage | 25 Jun 2010 | 12:29 pm Cushings back restructureThe National Property Trust said yesterday that H&G Ltd, the Cushing family investment vehicle, had confirmed its support for a plan unveiled this week to buy out the trust's manager, National Property Trust Ltd. The Cushings...Source: nzherald.co.nz - Business | 25 Jun 2010 | 12:20 pm Some cities try payday loan alternativesA pilot program is underway in Baltimore that offers the convenience of a cash advance loan at a fraction of the price. Cathy Duchamp reports.Source: Marketplace Money | 25 Jun 2010 | 12:14 pm What's hampering HAMP loan program?The government says its Home Affordable Modification Program, or HAMP, has only helped about 340,000 people. Reporter Stacey Vanek-Smith talks with Tess Vigeland about why more people have dropped out of the program than have gotten their loans modified, and other options people may have.Source: Marketplace Money | 25 Jun 2010 | 12:13 pm What's driving Phoenix home building?Sales of new homes fell 33 percent from April to May. Of course, April's figures got a boost from the government's federal tax credit. But signs of a housing comeback are mixed. So what's with all the construction going on around Phoenix? Peter O'Dowd reports.Source: Marketplace Money | 25 Jun 2010 | 12:13 pm Getting PersonalThe Los Angeles Times' David Lazarus and Tess Vigeland take your questions on managing school debt, and how much cash you should have available on hand in preparation for a catastrophe. Lazarus also weighs in on debt-settlement companiesSource: Marketplace Money | 25 Jun 2010 | 12:13 pm Locals hurt by battered Gulf industriesThe Gulf of Mexico provides families in the area with two significant economic opportunities -- oil and fish. And right now, with the BP oil spill, the future of both are in question. That's straining some communities in places like Boothville, La. Adriene Hill reports.Source: Marketplace Money | 25 Jun 2010 | 12:12 pm Financial reform bill: The banks' viewScott Talbot of the Financial Services Roundtable gives Tess Vigeland the banking industry's perspective of the compromise financial reform bill.Source: Marketplace Money | 25 Jun 2010 | 12:12 pm Rep. Barney Frank on financial reformAlmost two years after the U.S. financial system found itself on the brink of collapse, Congress has reached a compromise on a financial overhaul bill. Congressman Barney Frank helped shepherd the bill through the House. He talks with Tess Vigeland about whether the bill is strong enough to prevent another crisis and what he thinks is missing from it.Source: Marketplace Money | 25 Jun 2010 | 12:12 pm India to scrap petrol subsidiesThe Indian government opts to scrap its subsidy of petrol prices in an effort to cut its budget deficit.Source: BBC News | Business | World Edition | 25 Jun 2010 | 12:08 pm Gilt Groupe's haute sample sales expandSource: Business and financial news - CNNMoney.com | 25 Jun 2010 | 11:50 am F&P profit noticeFisher & Paykel Healthcare estimates that an increase in its deferred tax liability will decrease its net profit after tax by $11 million in the year ending March 31, 2011. The statement follows other disclosures by Fletcher Building,...Source: nzherald.co.nz - Business | 25 Jun 2010 | 11:50 am InvincibleHow Michael Jackson made $1bn after his deathSource: BBC News | Business | World Edition | 25 Jun 2010 | 11:47 am BP shares fall on funding concernShares in BP fall a further 7% amid speculation that the company may have to seek extra funds to pay for its oil spill costs.Source: BBC News | Business | World Edition | 25 Jun 2010 | 11:45 am Major US financial reform agreedThe US Congress all but finalises the biggest reform of US financial regulation since the Great Depression.Source: BBC News | Business | World Edition | 25 Jun 2010 | 11:42 am Mediator puts fairness at centre of BP fundDetermining which claims are eligible will be ‘challenging’, says Kenneth Feinberg, the lawyer chosen by the White House and BP to administer a $20bn claims fundSource: Financial Times - US homepage | 25 Jun 2010 | 11:38 am This Week’s LinksWhat makes China’s gold diggers tick (via Economics Roundtable). A neat von Mises article on how government incentives set the stage for the BP oil spill. Why the new Harry Potter theme park is a failure. Rolling Stone’s instantly infamous Runaway General article. A revolutionary set of bionic feet for a cat.
Source: Business Pundit | 25 Jun 2010 | 11:35 am Toronto Financial Services Employees Responses To G-20 Threat Range From Pants-Pissingly Terrified To Defensive To Whatevs
Not sure if he’s in the minority but at least one guy thinks the whole thing is aces. Let’s do it again!
Also, this is neither here nor there, but a word to the wise: this chick is watching you.
What I Did During The G-20 Summit
Source: Dealbreaker | 25 Jun 2010 | 11:34 am Presented By:Source: Dealbreaker | 25 Jun 2010 | 11:34 am More expected from fewer workersBusinesses are making do with less employees to save money, but the increased work load is taking a toll on employees and may negatively impact businesses themselves.Source: Marketplace | 25 Jun 2010 | 11:32 am The future of China's one-child policyMarketplace's Scott Tong ties up his week-long series on China's one-child policy by talking to Kai Ryssdal about the future of the policy and the social ramifications it has had and will have on Chinese society.Source: Marketplace | 25 Jun 2010 | 11:32 am Weekly Wrap: G-20 and financial reformFortune Magazine's Leigh Gallagher and the Wall Street Journal's Sudeep Reddy talk with Kai Ryssdal about the G-20 meeting and the financial reform bill that made it through two two key congressional committees.Source: Marketplace | 25 Jun 2010 | 11:31 am Bill will not extend jobless benefitsEconomists are concerned about the effect that unextended unemployment benefits will have on the economy and the unemployed.Source: Marketplace | 25 Jun 2010 | 11:31 am The good and bad of the reform billKai Ryssdal talks to Newsweek and Slate.com columnist Dan Gross about what he thinks was done right and wrong on the financial regulation bill negotiated between the House and Senate that will go to vote next week.Source: Marketplace | 25 Jun 2010 | 11:31 am Will the bill make us economically safer?Congressmen negotiated a financial reform bill that both members of the House and the Senate could agree on, but will it keep our economy safe from future financial fall outs? Marketplace's Jeremy Hobson looks at how reform will affect the financial sector and Stacey Vanek Smith looks at how it'll affect the everyday consumer.Source: Marketplace | 25 Jun 2010 | 11:31 am Italians strike against austerityItalians stage a general strike called by the country's largest trade union to protest against government austerity measures.Source: BBC News | Business | World Edition | 25 Jun 2010 | 11:23 am Australian suit sets US legal precedentWASHINGTON: The Supreme Court has put new limits on foreign investors who want to use United States securities law and US courts to sue foreign firms for fraud.The court said yesterday that foreigners may not sue US or foreign...Source: nzherald.co.nz - Business | 25 Jun 2010 | 11:20 am BA makes fresh cabin crew offerBritish Airways has tabled a fresh offer in an attempt to end the long-running dispute with cabin crew.Source: BBC News | Business | World Edition | 25 Jun 2010 | 10:59 am BG Group expects gas project nodBRISBANE: BG Group says it has won approval for an Australian liquefied natural gas project that may cost A$15 billion ($18.34 billion) after the Queensland Government completed a review of the environmental impact statement.Australian...Source: nzherald.co.nz - Business | 25 Jun 2010 | 10:50 am Tony Hayward’s Lucky Streak In Potential Jeopardy
Source: Dealbreaker | 25 Jun 2010 | 10:45 am Internet to get its own red-light districtThe world wide web will get its own red-light district after the body that governs the internet’s structure overcame its reluctance over .xxx web addresses for adult websitesSource: Financial Times - US homepage | 25 Jun 2010 | 10:37 am FTSE 100 shares end the week down (AFP)
Source: Yahoo! News: Stock Markets News | 25 Jun 2010 | 10:26 am Deep Read: 'Let Them Eat Credit'by Jacob Goldstein When economic inequality is rising within a country, it's common for leaders to offer a fiscal Band-Aid that makes people feel richer — even if they aren't. That's what happened in the U.S. over the past few decades, Raghu Rajan argues in his new book, Fault Lines. The Band-Aid, in our case, was the easy credit that ultimately led to the financial crisis. Rajan, a University of Chicago professor and former chief economist for the IMF, recently spoke with Alex Blumberg. Here's that interview, the latest in Planet Money's occasional Deep Read series. Here's a key passage from the interview:
For more from Rajan: Read Rajan's 2005 paper, "Has Financial Development Made the World Riskier?" Listen to our first Deep Read: 'The War Between States And Corporations.' Source: NPR Blogs: Planet Money | 25 Jun 2010 | 10:21 am Finance workers feel underpaidCANBERRA: Number crunchers who steered their firms' books through the global financial crisis are now punching their calculators in anger at not getting a decent pay rise as the economy recovers.A survey has found that 35 per...Source: nzherald.co.nz - Business | 25 Jun 2010 | 10:20 am Faith in Hubbard faces stern testHilary Muir, a Geraldine resident and loyal investor in both South Canterbury Finance and Aorangi Securities, is a Mainlander standing behind businessman Allan Hubbard.Allan and his wife Jean are "as honest as the light of day,...Source: nzherald.co.nz - Business | 25 Jun 2010 | 10:00 am Debt collector chases Petricevic for $2.2mMore than $2.2 million has been transferred to the family trust of Rod Petricevic from a Bridgecorp-related finance company of which he and his wife were the only directors.Bankrupt, banned as a company director and facing criminal...Source: nzherald.co.nz - Business | 25 Jun 2010 | 10:00 am Abandon GPG split, says GibbsGPG New Zealand director Tony Gibbs has publicly spoken out against a proposal to demerge the business, saying the plan should be abandoned in favour of a new approach.Gibbs released a statement to the New Zealand stock exchange...Source: nzherald.co.nz - Business | 25 Jun 2010 | 10:00 am Cash to be axed from UK festivalsMusic festivals where cash is not accepted are set to come to the UK from next summer, the BBC learns.Source: BBC News | Business | World Edition | 25 Jun 2010 | 9:47 am Big Short Interest Changes in Major Cult Stocks (ALU, ABK, BBI, BGP, BRCD, C, DRYS, FRE, FNM, NOK, PALM, PMI, BPOP, RAD, SIRI, S, UNG, VG)Many traders and investors love the active penny-stocks and low-priced stocks. And betting against low-priced shares is something that expert short sellers frequently do. The short selling from June 15 settlement date looked grossly different on many of these actively traded penny stocks or low-priced shares of these cult stocks. We wanted to track and [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Jun 2010 | 9:39 am Foreign Investors Buy Into Shale Gas PlayEarlier this year Pioneer Natural Resources Co. (NYSE:PXD) said that it was seeking bids from potential partners to develop its holdings in the Eagle Ford shale gas play in south Texas. At the time, a prime suspect to partner with Pioneer was Chesapeake Energy Co. (NYSE:CHK). Chesapeake had been selling of non-core assets to raise [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Jun 2010 | 9:28 am How Financial Reform May Affect You and Your Broker (Broker Talk)Two takes on how reform could alter the rules of fiduciary responsibility.
Source: SmartMoney.com | 25 Jun 2010 | 9:09 am Feinberg, Fiorina, Lyons, Clifton, Stein, Logan: SurveillanceSource: Bloomberg - All Podcasts | 25 Jun 2010 | 8:50 am Barry Eichengreen, George Magnus: Bloomberg On the EconomySource: Bloomberg - All Podcasts | 25 Jun 2010 | 8:49 am How to Get Taxed 87% in America (By the Numbers)Hough: High earners who follow these steps will face a super-tax.
Source: SmartMoney.com | 25 Jun 2010 | 8:32 am Finance Reform: Three Changes, And A Questionby Jacob Goldstein Congress just pulled an all-nighter to hammer out the final details of the finance-reform bill. Here are three important changes that emerged at the last minute. Also: One big, unanswered question. 1. Banks Can Still Invest Billions In Hedge Funds The bill restricts — but doesn't ban — banks' speculative investments with their own money. It bars banks from trading on their own accounts (they can still make trades on behalf of clients). But the final version of the bill does let banks invest up to 3 percent of their capital in hedge funds and private equity funds. The rules will be phased in over several years. 2. Banks Stay In The Derivatives Business The final bill lets banks keep most of their derivatives business. Trading derivatives can create large risks (that's what brought down AIG), and the Senate bill would have forced banks to spin off derivatives trading into separate units. That would have required them to set aside more money against possible losses. But the final bill lets banks keep trading the types of derivatives that account of most their business — those related to interest rates and foreign currencies. Proponents of this change argued that those types of derivatives are central to what banks do. Banks will also be allowed to trade credit default swaps (insurance that pays off if a borrower defaults on a loan) as long as the swaps go through a clearinghouse. 3. Up To $19 billion In New Fees For Big Banks And Hedge Funds The Congressional Budget Office has estimated that the finance bill could increase the federal deficit by more than $19 billion over 10 years, largely due to provisions for shutting down failing firms. A measure added near the end of the negotiations would recoup that cost by levying a new tax on banks with assets of more than $50 billion and hedge funds with more than $10 billion. Unanswered Question: Will Goldman Sachs Change Its Status? At the height of the financial crisis, the government encouraged Goldman Sachs and Morgan Stanley to become "bank holding companies," a shift made them more like traditional, commercial banks — and gave them access to loans from the Federal Reserve. The firms may now look to shed that status, to avoid some of the restrictions the finance bill places on bank holding companies, especially the limits on trading. But they may be prohibited from doing that. Legislators had earlier discussed a provision that would have prevented this shift; as of this morning, it was unclear whether that provision made it into the final bill, according to Lawrence Kaplan, an attorney at Paul, Hastings in DC. Kaplan, who represents represents banks and other financial services companies, did not discuss particular banks with me. But he said some companies could sue to be allowed to change their status, if the bill prevents them from doing so. "This is going to be a lightning rod," he said. For more on the bill: Read reports from the AP, NYT, FT, WSJ and Bloomberg News. Source: NPR Blogs: Planet Money | 25 Jun 2010 | 8:24 am Cruise Ships Are Out; Yachts Are In (Smart Spending)More travelers are bypassing the big ships for yacht-style cruises.
Source: SmartMoney.com | 25 Jun 2010 | 8:20 am Ford’s Big Sell OffFord Motor (NYSE: F) stock is down over 23% during the last three months which is significantly more than Toyota Motor (NYSE: TM) or Honda Motor (NYSE: HMC). At first glance, the comparisons don’t make sense. Ford is arguably the best run of the three. It has some of the hottest selling cars, and its [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Jun 2010 | 8:17 am World markets fall on concerns about US recovery (AP)
Source: Yahoo! News: Stock Markets News | 25 Jun 2010 | 8:03 am Coke sees ‘phenomenal’ result from Twitter adsUS drinks company saw “phenomenal” results from its first experiment with paid advertising on Twitter,Source: Financial Times - US homepage | 25 Jun 2010 | 7:53 am Mauro on `Twilight at the World of Tomorrow': Lewis LaphamSource: Bloomberg - All Podcasts | 25 Jun 2010 | 7:37 am FuelCell Punishes Already-Hurt Shareholders (FCEL)FuelCell Energy, Inc. (NASDAQ: FCEL) is doing its holders a real disfavor this morning after announcing a proposed share sale offering last night. The company makes high efficiency ultra-clean power plants using renewable and other fuels and actually has a shot at being one of the small-cap alternative energy winners out there. The problem is [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Jun 2010 | 7:37 am Schork on Oil, BP; Gartman on G-20 Meeting: First WordSource: Bloomberg - All Podcasts | 25 Jun 2010 | 7:36 am Deutsche Bank Co-Head Of Equities Takes Leave Of Absence After Engaging In Conduct Generally Frowned Upon
Source: Dealbreaker | 25 Jun 2010 | 7:29 am Andrew Hall, That One That Vikram Didn’t Fight For, Down 10 Percent
Source: Dealbreaker | 25 Jun 2010 | 7:15 am This Week’s Weird Jobs
1. Chicago: Looking for a beard mentor I’ve had a moustache and beard off and on over the years, and I’ve tried styling it in the past but I just can’t seem to get it to the next level. I’m looking for some srs protips with this, as well as possibly some styling services by someone with skilled hands. Please submit to me your beard/moustache resume. Also if you have pictures of you achievements that would be greatly appreciated. I’m currently having trouble with getting my handlebar working correctly as well as keeping the sideburns even. This is ‘srs bsns’ (serious business) as I’ve been informed I need to style it up, shave it off, or loose my job. (I work in adult daycare.) * Compensation: negotiable depending on services I’d love to see a picture of this guy. 2. CA: Need a cop uniform and cop car (can be undercover) Looking for an actor or just anyone who can rent a cop uniform and cop car for a night. The cop car can be undercover too. If you’re an actor you will get copy, credit, pay and if your not we will obviously pay to rent. Thanks!! Email me with any questions etc. 3. CA: celeb sightings pay well If you know of a celeb location in real time i will pay you for your info and tip, all info anonymous and confidential, fast pay guaranteed , thanks * Compensation: 20 – 100 + Shout out to all burned out actors–here’s your chance to get publicity and get paid! 4. NY: $40 hedge trim job needs done Sunday Need some one with experience to trim hedges. Electric trimmer will be provided. Job needs to be done in the morning, May 16. * Compensation: $40 My mother-in-law is coming to visit, and I’m too busy playing Crackdown 2 to make the hedges look good. 5. Vancouver: Penis Measuring A friend of mine and I have been having a long-standing argument about whose penis is larger. We’ve tried having our girlfriends confirm to the other the exact size, but neither one of us buy it. I don’t want to see his penis and he doesn’t want to see mine. I don’t want my girlfriend looking at his penis and he doesn’t was his looking at mine. So… We just need a girl to look at both of our penises (individually) and then to both of our faces say which one is bigger. We can’t pay much. $50. * Compensation: $50 My friend will bribe you an extra $50 to say his is bigger.
Source: Business Pundit | 25 Jun 2010 | 7:08 am BlackRock ETFs Face SEC Hurdles: AudioSource: Bloomberg - All Podcasts | 25 Jun 2010 | 7:08 am PPL Raised to `Buy,' Carnival Cut to `Hold': AudioSource: Bloomberg - All Podcasts | 25 Jun 2010 | 7:06 am Today’s Best Market Rumors (6/25/2010)Updated throughout the day. Hulu will launch a paid premium video service this month (WSJ) Astenbeck Capital Management, run by former Citigroup (NYSE: C) commodities chief Andrew J. Hall, lost 10% of its value in May. (NYTimes) Travelport, the private equity-backed airline ticketing firm, is now planning to make a run at the U.S. markets [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Jun 2010 | 7:06 am Bank Angst? Why Debt Dwarfs Financial Reform (On the Street)Investor concerns over the final bill are overshadowed by global issues.
Source: SmartMoney.com | 25 Jun 2010 | 7:04 am George Soros Would Like The People Of Germany To Withdraw From The Euro, Let It Crash, And Retire To Spain Where They’ll Live Like King And Queens
Germany Must Reflect On The Unthinkable [FT]
Source: Dealbreaker | 25 Jun 2010 | 7:00 am Top Day Trader Alerts (BA, BP, C, JPM, GS, KBH, ORCL, RIMM, SSN)There are many stocks on the move on news for day traders and active traders this Friday morning. Stocks on the move are Boeing Co. (NYSE: BA), BP plc (NYSE: BP), Citigroup, Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM), Goldman Sachs Group Inc. (NYSE: GS), KB Home (NYSE: KBH), Oracle Corporation (NASDAQ: ORCL), [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Jun 2010 | 6:58 am The Twitter-24/7 Wall St. Stock Market Report 6.25.2010 The Wisdom Of CrowdsTwitter 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. | 25 Jun 2010 | 6:56 am Top Analyst Upgrades & Downgrades (GENZ, IHS, KSU, MXIM, PBR, RIMM, SLRC, TUP, TKC, VOD)These are some of this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Genzyme Corporation (NASDAQ: GENZ) Cut to Market Perform at Leerink Swann. IHS Inc. (NYSE: IHS) Started as Buy at Needham & Co. Kansas City Southern (NYSE: KSU) Started as Overweight at JPMorgan. Maxim Integrated Products Inc. (NASDAQ: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Jun 2010 | 6:37 am The End Of Banking As We Know ItThe financial earnings of big banks will go the way of the Dodo bird, driven by the will of Congress to right the perceived wrongs of the credit crisis. The disaster was as much the failure of federal regulators and the Fed’s drive a decade ago to get every man, woman, and child into his [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Jun 2010 | 6:20 am GDP: It's Steady as She Goes (Early Bird)WHAT'S HAPPENING NOW: The third revision of first-quarter growth is expected to be unchanged.
Source: SmartMoney.com | 25 Jun 2010 | 4:50 am The Evolution of Human Thought?
Source: Business Pundit | 25 Jun 2010 | 4:48 am Congress Approves Financial Reform LegislationThe House and Senate have agree upon financial reform legislation. The main aspects of the bill include according to the Reuters Factbox: Wall Street firms would have to spin off over-the-counter derivatives dealing operations in some swaps, but could keep many swaps in-house, including derivatives to hedge their own risk. A new rule would bar [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Jun 2010 | 4:37 am The Week's Business Tweets: Odd Notes (Twitter Beat)Bono takes a break from raising funds and Jack Welch applauds Obama.
Source: SmartMoney.com | 25 Jun 2010 | 4:01 am
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