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Ocado aiming for £1bn valuationOcado, the online service that delivers Waitrose groceries, hopes for a £1bn valuation when it floats this month.Source: BBC News | Business | World Edition | 6 Jul 2010 | 4:09 am Chinese shares rebound stronglyLeading Chinese shares rebound strongly after closing at a 15-month low on Monday, as investors await details of a major share offering.Source: BBC News | Business | World Edition | 6 Jul 2010 | 4:06 am Bargain-hunting lifts world markets (AP)
Source: Yahoo! News: Business News | 6 Jul 2010 | 4:02 am Earnings Watch: Updates, advisories and surprisesA roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source: MarketWatch.com - Top Stories | 6 Jul 2010 | 4:01 am Stocks ready for a bounceU.S. stocks were poised for a rosy start Tuesday, as investors returning from the holiday weekend eyed buying opportunities and a rally in overseas markets.Source: Business and financial news - CNNMoney.com | 6 Jul 2010 | 4:01 am China braces for AgBank IPO price as books closeSHANGHAI/HONG KONG (Reuters) - Agricultural Bank of China , the country's No.3 bank by assets, has closed the books on its dual Hong Kong and Shanghai share sale and is on track to raise around $20 billion in what could be the world's largest ever IPO.
Source: Reuters: Business News | 6 Jul 2010 | 4:00 am Civil service payouts facing capRedundancy payments to civil servants are to be capped at 15 months' pay under plans announced by the government.Source: BBC News | Business | World Edition | 6 Jul 2010 | 3:57 am Shanghai rebound, earnings hopes spur Asian stocksAsian markets ended higher Tuesday as a strong rebound in Chinese shares from one-year lows helped push several markets higher, while hopes for upbeat corporate results helped lift South Korean, Indian and Taiwanese stocks.
Source: MarketWatch.com - Top Stories | 6 Jul 2010 | 3:56 am NTPC, govt sign production sharing pacts (Reuters)Reuters - The country's top power producer NTPC Ltd said on Tuesday it had signed production sharing contracts with the government for exploration blocks awarded in the eighth oil and gas blocks auction round held in 2009.Source: Yahoo! News: Business News | 6 Jul 2010 | 3:53 am Indications: Futures move higher with data, Australia in focusU.S. stock futures were pointing higher Tuesday as traders return from a long holiday weekend, with hawkish comments from the Australian central bank supporting markets.
Source: MarketWatch.com - Top Stories | 6 Jul 2010 | 3:52 am New car sales rise 10.8% in JuneUK new car sales rose 10.8% in June compared with the same month last year, despite the end of the scrappage scheme.Source: BBC News | Business | World Edition | 6 Jul 2010 | 3:49 am Retirement Funds Duel With Annuities (Fund Insider)Retirement-income funds are finding more buyers, but are they good for you?
Source: SmartMoney.com | 6 Jul 2010 | 3:45 am States And Cities Will Beg For FundsIt is old news that states and municipalities face deficits not only in their budgets but also in their pensions. The pension issue could become a crisis in a few years as these funds begin to default on their obligations. The annual budget problem is more acute. At least half of the states, and perhaps [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Jul 2010 | 3:45 am Coalition mothball plans to replace Intercity 125 trainsPlans to replace Britain's ageing fleet of Intercity 125 trains have been mothballed by the Government.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Jul 2010 | 3:43 am Living 'costs at least £14,400'A single person in the UK needs a gross income of at least £14,400 in 2010 to live to an acceptable standard, a charity says.Source: BBC News | Business | World Edition | 6 Jul 2010 | 3:39 am Civil servants redundancy pay to be capped 'as soon as possible'Legislation is to be introduced to cap redundancy payments to civil servants, the Government announced today.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Jul 2010 | 3:37 am UK economy 'continues growth'The British Chambers of Commerce says the UK economy is continuing to grow, but warns there may still be dangers ahead.Source: BBC News | Business | World Edition | 6 Jul 2010 | 3:36 am I deserve a raise. Do I dare ask for one?No one has to tell you that things are tough around the office. Ever since your team's headcount was slashed, you've put in extra hours and taken on additional projects without complaining. You deserve a raise, but in this time of constrained budgets, is it safe to ask? Fortune consulted Robert Barnett, senior partner at the law firm Williams & Connolly, based in Washington, D.C. In addition to his negotiating bona fides, he also helps prep presidential candidates for debates. But don't worry: You don't need Barack Obama's skills to get a raise.Source: Business and financial news - CNNMoney.com | 6 Jul 2010 | 3:33 am Miners restart Australia projectsMining groups Xstrata and Rio Tinto say they will resume projects in Australia after a deal was agreed over tax rates.Source: BBC News | Business | World Edition | 6 Jul 2010 | 3:28 am Kindle And iPad Lose Reading Speed Race To PrintPrint has won at least one victory over the e-readers including the Amazon.com (NASDAQ: AMZN) Kindle and Apple Inc. (NASDAQ: AAPL) iPad. Readers can read printed content more quickly than material downloaded to electronic devices. Jakob Nielsen Research found that a short story by Ernest Hemingway which took on average 17 minutes and 20 seconds [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Jul 2010 | 3:28 am Disappearing perk: Stock optionsThe time-honored employee stock option has seen better days.Source: Business and financial news - CNNMoney.com | 6 Jul 2010 | 3:24 am Wall Street fix calls for 68 new studiesIn Washington, there's a code phrase for the middle ground that lawmakers find after a torrent of industry lobbying or partisan debate: "Let's do a study."Source: Business and financial news - CNNMoney.com | 6 Jul 2010 | 3:24 am BP approaches funds to fend off takeover bids: sourceDUBAI (Reuters) - British oil company BP is seeking support from sovereign wealth funds in the Middle East and Asia to defend itself from any takeover bids while it deals with its massive U.S. oil spill, a senior UAE source said on Tuesday.
Source: Reuters: Business News | 6 Jul 2010 | 3:17 am Balfour Beatty's order book growsShares of Balfour Beatty advanced as much as 8% on Tuesday after the British infrastructure giant said its order book was growing despite tighter infrastructure spending from governments throughout Europe.
Source: MarketWatch.com - Top Stories | 6 Jul 2010 | 3:12 am Corporations Prepare For Less Access To CapitalThe demand for capital by large nations has not begun to squeeze corporate borrowers out of the market, but it may soon. Companies will have to gird themselves for a time when their access to capital markets may be only through the sale of equity. The demand for that may even be challenged as pools [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Jul 2010 | 3:10 am Soothing words on China spur return to riskGlobal Markets Overview: Shares rise, metals prices rally and dollar softens after the Reserve Bank of Australia says that despite recent caution, it is confident about growth in China and the regionSource: Financial Times - US homepage | 6 Jul 2010 | 3:05 am Wall Street futures point to rebound for U.S. equities (Reuters)
Source: Yahoo! News: Stock Markets News | 6 Jul 2010 | 3:01 am Wall Street futures point to rebound for U.S. equities(Reuters) - Stock futures rose on Tuesday, pointing to a higher open for Wall Street as the market resumes trading after a holiday on Monday.
Source: Reuters: Business News | 6 Jul 2010 | 3:01 am London Markets: Commodity producers, BP lift London stocksBritish shares were sharply higher on Tuesday, with BP up for the second straight day and other commodity-sector firms also trading with gains.
Source: MarketWatch.com - Top Stories | 6 Jul 2010 | 2:55 am Lake Pontchartrain Hit By Oil SpillLake Pontchartrain, home to a fragile ecosystem, has begun to see the effects of the oil leak in the Gulf. The lake has already been ravaged by Hurricane Katrina. The presence of oil in the area shows just how far inland the leak has begun to go and the extent to which it could threaten [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Jul 2010 | 2:53 am World markets higher on China rebound (AP)
Source: Yahoo! News: Stock Markets News | 6 Jul 2010 | 2:51 am New car sales rise again in JuneNew car registrations rose for the 12th month in a row in June, with a drop in demand from individuals offset by strong company car sales.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Jul 2010 | 2:49 am World stocks bounce back from lowsLONDON (Reuters) - Investors boosted global stocks strongly on Tuesday and sold the dollar, lifting equities off six- and seven-week lows.
Source: Reuters: Business News | 6 Jul 2010 | 2:49 am World stocks bounce back from lows (Reuters)
Source: Yahoo! News: Stock Markets News | 6 Jul 2010 | 2:49 am China bank in $8.9bn rights issueThe Bank of China confirms it plans to issue up to 60bn yuan ($8.9bn) of new shares in the latest giant fund-raiser by China's banks.Source: BBC News | Business | World Edition | 6 Jul 2010 | 2:42 am BP's London-listed shares extend bounceBP’s London-listed shares extended gains Tuesday, reflecting hopes the oil giant’s battered shares may discount the costs of the Gulf of Mexico oil spill and attract new shareholders.
Source: MarketWatch.com - Top Stories | 6 Jul 2010 | 2:31 am Can't afford a Mini Cooper? 6 alternativesThe Mini's great, but these days there are lots of cars that can give you coolness with a small size and price.Source: Business and financial news - CNNMoney.com | 6 Jul 2010 | 2:27 am African Development Bank bullish on continent (AP)AP - Africa is making a "spectacular" recovery from the global recession thanks to decades of market reform and strong trade ties with China, the chief economist for the African Development Bank said Tuesday.Source: Yahoo! News: Business News | 6 Jul 2010 | 2:26 am Toyota knew about Lexus problem 2 years ago (AP)
Source: Yahoo! News: Business News | 6 Jul 2010 | 2:24 am Japan public TV drops sumo after scandal (AP)
Source: Yahoo! News: Business News | 6 Jul 2010 | 2:24 am 5 things to know about energy rebates1. Federal appliance rebates are going fast ...Source: Business and financial news - CNNMoney.com | 6 Jul 2010 | 2:17 am U.K. builder Persimmon climbs as revenue risesShares in Persimmon rose over 6% Tuesday after the U.K. house builder said it’s continuing to invest in new sites as rising volumes and a modest increase in prices helped push revenue up 26% in the first half of the year.
Source: MarketWatch.com - Top Stories | 6 Jul 2010 | 2:15 am A billionaire's chokehold on the Canadian borderSpanning a river stretch just over a mile long between Detroit and Windsor, Ontario, the Ambassador Bridge is the busiest commercial border crossing in North America. It's also falling apart.Source: Business and financial news - CNNMoney.com | 6 Jul 2010 | 2:14 am While US Real Estate Flounders, Australia’s A Seller’s Dream
US real estate prices are at record lows, but our cousin down under has quite the lucrative market, thanks to a housing shortage. Bloomberg has more: …a shortage of 200,000 dwellings…is helping fuel Australian home prices, which are 82 percent higher than in the U.S., and disproving investors such as Jeremy Grantham, who says they will fall 42 percent as interest rates rise in one of the world’s priciest home markets. Home prices in Australia surged 20 percent in the year to March in an economy with a 5.2 percent jobless rate, about half U.S. and European levels. Government stimulus and demand for raw materials from China helped Australia skirt a recession and escape a housing slump since the onset of the global financial crisis. Australia’s median home price was 6.8 times gross yearly income last year, compared with 5.1 times in the U.K. and 2.9 times in the U.S., according to the annual Demographia International Housing Affordability Survey. The nation of 22 million people has six of the 10 most unaffordable cities among the U.S., U.K., Canada, Ireland, New Zealand and Australia, the survey showed. “Over the next 10 years, Australia needs to build about 420,000 homes more than were built over the past decade to meet demand,” according to one analyst interviewed in the Bloomberg article. Developers must be chomping at the bit to get a piece of this bubble before it blows.
Source: Business Pundit | 6 Jul 2010 | 2:10 am Europe Markets: Commodity-sector firms power gains for EuropeEurope shares rise on Tuesday, shaking off some weakness from the previous session, with commodity-sector stocks among the best performers.
Source: MarketWatch.com - Top Stories | 6 Jul 2010 | 2:10 am MarketPublishers.com Offers New Market Reports by GBI ResearchSource: RSS feed - channel BNewsBusiness | 6 Jul 2010 | 2:09 am Currencies: Aussie benefits from mostly upbeat RBA statementThe Australian dollar gets a lift Tuesday against its U.S. counterpart, after a mostly upbeat policy statement from the Reserve Bank of Australia.
Source: MarketWatch.com - Top Stories | 6 Jul 2010 | 2:08 am BP approaching SWFs over strategic stake: sourceDUBAI (Reuters) - British oil company BP has approached sovereign wealth funds with a view to securing a strategic investor to fend off takeover bids while it deals with its massive U.S....Source: RSS feed - channel BNewsBusiness | 6 Jul 2010 | 2:07 am Oil rises to near $73 as stocks, euro gainOil prices rose to near $73 a barrel Tuesday in Asia, joining gains in stock markets and the euro. Benchmark crude for August delivery was up 39 cents to $71.53 a barrel at late...Source: RSS feed - channel BNewsBusiness | 6 Jul 2010 | 2:07 am Media Digest (7/6/2010) Reuters, WSJ, NYTimes, FT, BloombergMarketWatch: Goldman Sachs Group (NYSE: GS) was upped to overweight at JPM. Reuters: Large shareholders of BP plc (NYSE: BP) were against the oil company raising a large sum of capital by issuing new shares. Reuters: Oil from the spill leaked into Lake Pontchartrain. Reuters: The EU said it would share bank data with the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 6 Jul 2010 | 2:07 am Greece claims deficit turnaroundGreece's Finance Minister, George Papaconstantinou, says the country cut its deficit by 42% in the last six months.Source: BBC News | Business | World Edition | 6 Jul 2010 | 2:04 am Libya eyeing 'bargain' BP sharesA leading Libyan oil executive says he will urge the country's sovereign wealth fund to buy a stake in troubled oil giant BP.Source: BBC News | Business | World Edition | 6 Jul 2010 | 1:58 am US Banks Vy for Wealthy Clients
With government legislation banning overdraft fees taking effect this year, US banks like Morgan Stanley and JP Morgan Chase are aggressively wooing wealthy clients to secure income. The Financial Times has the story: For many financial services companies, an expanded wealth-management platform is part of a broader effort to divert resources towards businesses that promise steady returns and lucrative, lasting client relationships. With many baby boomers inching towards retirement, such services should see a pick-up in demand even if the economic recovery fails to take hold. “Regardless of economic conditions, there are things that must happen financially for every life,” Lyle LaMothe, head of Bank of America Merrill Lynch’s US wealth-management business, told the FT. “Businesses will take loans and pass on costs to consumers. Babies will be born. People will retire.” The number of people with at least $1m in investable assets rose to 10m in 2009, up 17 per cent on the year, as many stock markets rallied, according to a study by Bank of America and Capgemini. 17% more millionaires in the middle of the Great Recession? I’d like to know how they pulled that off–and why nobody’s talking about it.
Source: Business Pundit | 6 Jul 2010 | 1:54 am Gulf spill hasn't scared off Lloyd's of LondonFrom the glamorous to the bizarre to the outright catastrophic, Lloyd's of London has insured against some of the world's most unusual risks: There was the finger that Rolling Stones guitarist Keith Richards injured during a concert tour in the 1990s. Lloyd's once insured actress Bette Davis' waistline against expansion. It also insured Ugly Betty star's America Ferrara's $10 million smile for Aquafresh White Trays.Source: Business and financial news - CNNMoney.com | 6 Jul 2010 | 1:52 am Broker upgrade helps BP to FTSE's summitLondon equities rose on Tuesday, with shares in BP leading the the FTSE 100 after analysts at Royal Bank of Scotland increased their rating on the stock. The research added to momentum after BP...Source: RSS feed - channel BNPaperBusiness | 6 Jul 2010 | 1:50 am UPDATE 1-SMA Solar raises 2010 profit outlook* Sees 2010 EBIT margin of 23 pct to 27 pct * Sees sales rising to 1.5 bln eur to 1.8 bln eurSource: RSS feed - channel BNewsBusiness | 6 Jul 2010 | 1:50 am Asian markets higher on China reboundA jump in Chinese shares led Asian markets higher Tuesday as investors scooped up stocks that had been pummeled to multi-month lows but some analysts doubted the rebound would last. ...Source: RSS feed - channel BNewsBusiness | 6 Jul 2010 | 1:44 am Ocado prices IPO at 200p-275p a shareOcado has priced its planned initial public offering at 200p-275p a share, valuing the the online grocer that delivers Waitrose produce between £800m and £1.1bn.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Jul 2010 | 1:41 am FTSE 100 rises at open (AFP)
Source: Yahoo! News: Stock Markets News | 6 Jul 2010 | 1:33 am Intercell sees sales up, cash reserves down -paperVIENNA, July 6 (Reuters) - Austrian biotech company Intercell expects 2010 sales to rise but its cash reserves to fall as development costs grow, its chief executive told Austrian daily Wirtschaftsblatt...Source: RSS feed - channel BNewsBusiness | 6 Jul 2010 | 1:33 am NZ sharemarket gets late boostNew Zealand shares posted a last-minute surge today after the Reserve Bank of Australia left interest rates steady, having spent almost all the session in the red.The benchmark NZX-50 index closed up 5.06 points at 2952.40, after...Source: nzherald.co.nz - Business | 6 Jul 2010 | 1:26 am What Your Email Address Says About You
Source: Business Pundit | 6 Jul 2010 | 1:26 am Soothing words on China spur return to riskTuesday 08:00 BST. Risky assets are in demand as investors are tempted back after recent sharp falls and following soothing comments about the Asian economy by the Australian central bank. The...Source: RSS feed - channel BNPaperBusiness | 6 Jul 2010 | 1:22 am Toyota knew about Lexus problem 2 years agoToyota knew two years ago about the engine problem behind its latest Lexus recall, even changing the spring part to correct it, but did not think a recall was warranted until recently, a...Source: RSS feed - channel BNewsBusiness | 6 Jul 2010 | 1:10 am Post office plans to announce new rate increase (AP)
Source: Yahoo! News: Business News | 6 Jul 2010 | 1:04 am Post office plans to announce new rate increaseThe post office is announcing a new rate increase in an effort to reduce massive losses. The amount of the increase and likely date for it begin are being announced by postal officials...Source: RSS feed - channel BNewsBusiness | 6 Jul 2010 | 1:04 am First health overhaul provisions start to kick inThe first stage of President Barack Obama's health care overhaul is expected to provide coverage to about 1 million uninsured Americans by next year, according to government estimates. ...Source: RSS feed - channel BNewsBusiness | 6 Jul 2010 | 1:03 am Statoil says production at Troll field normalOSLO, July 6 (Reuters) - Norwegian oil and gas group Statoil said on Tuesday production at its Troll field in the North Sea was normal.Source: RSS feed - channel BNewsBusiness | 6 Jul 2010 | 1:03 am 'Millionaire' may cost DisneyA jury is set to continue deliberations this week over a suit from the game show's creator seeking $395 million in damages. A decision for Celador International could be a setback for media mergers.To use a phrase from "Who Wants to Be a Millionaire," the game show handed ABC a lifeline.
Source: L.A. Times - Business | 6 Jul 2010 | 1:00 am Big banks have new competition in stateChase and U.S. Bank have gained a foothold in California and are aggressively courting customers, but longtime leaders Bank of America and Wells Fargo aren't standing still. ...Source: RSS feed - channel BNPaperBusiness | 6 Jul 2010 | 1:00 am 'Millionaire' may cost DisneyA jury is set to continue deliberations this week over a suit from the game show's creator seeking $395 million in damages. A decision for Celador International could be a setback for media mergers. ...Source: RSS feed - channel BNPaperBusiness | 6 Jul 2010 | 1:00 am Big banks have new competition in stateChase and U.S. Bank have gained a foothold in California and are aggressively courting customers, but longtime leaders Bank of America and Wells Fargo aren't standing still.Rebates of 5% on debit-card purchases. Bonuses of $100 for new customers. The way things are going, banks in California may start giving away toasters again if you open a checking account.
Source: L.A. Times - Business | 6 Jul 2010 | 1:00 am End of the line for PT CruiserChrysler's compact retro car was a sensation when it debuted in 2000, but sales have tapered off. The last one will be built this week.Ten years ago, the new Chrysler PT Cruiser was one of the hottest cars out of Detroit.
Source: L.A. Times - Business | 6 Jul 2010 | 1:00 am Overdraft rules have a long way to goNew rules kicked in last week for sky-high overdraft fees changed by banks. That's a good thing.
Source: L.A. Times - Business | 6 Jul 2010 | 1:00 am Even in decline, 'American Idol' can't be bought for a songBids for CKX, which makes the hit TV show, range from $550 million to $600 million. What bidders see in the firm, whose main asset lost 9% of its audience last season, remains a mystery. ...Source: RSS feed - channel BNPaperBusiness | 6 Jul 2010 | 1:00 am Overdraft rules have a long way to goNew rules kicked in last week for sky-high overdraft fees changed by banks. That's a good thing.Source: RSS feed - channel BNPaperBusiness | 6 Jul 2010 | 1:00 am U.S. retailers pushing to expand overseasWith Americans cutting back on spending, even retailers that had resisted opening foreign branches are now setting up shop outside the U.S. ...Source: RSS feed - channel BNPaperBusiness | 6 Jul 2010 | 1:00 am End of the line for PT CruiserChrysler's compact retro car was a sensation when it debuted in 2000, but sales have tapered off. The last one will be built this week. ...Source: RSS feed - channel BNPaperBusiness | 6 Jul 2010 | 1:00 am Even in decline, 'American Idol' can't be bought for a songBids for CKX, which makes the hit TV show, range from $550 million to $600 million. What bidders see in the firm, whose main asset lost 9% of its audience last season, remains a mystery.The contest on "American Idol" is playing second fiddle to the contest for "American Idol."
Source: L.A. Times - Business | 6 Jul 2010 | 1:00 am Business Bullet: Australia, Balfour, Punch, BAThe latest news on: Australia, Balfour, Punch, BASource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Jul 2010 | 12:58 am The Fed: Fed's Fisher sees slower U.S. growth ahead: reportRichard Fisher, president of the Federal Reserve Bank of Dallas, tells a Japanese newspaper that the U.S. economy will grow at a sluggish 2%-3% for the rest of the year, with the bottom of that range more likely.
Source: MarketWatch.com - Top Stories | 6 Jul 2010 | 12:57 am Australia holds rates over global growth fearsAustralia held interest rates at 4.5pc for the second consecutive month, citing concerns about growth in Europe and China that could affect the global recovery.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 6 Jul 2010 | 12:24 am Currency: Dollar boosted by stronger AussieThe New Zealand dollar jumped near the day's end on the back of a Reserve Bank of Australia decision to keep interest rates steady across the Tasman.The kiwi had weakened slightly in quiet trading with markets in the United States...Source: nzherald.co.nz - Business | 5 Jul 2010 | 11:49 pm HSBC clients in U.S. tax probe: reportHONG KONG (Reuters) - Some HSBC Holdings clients are being investigated by the U.S. Justice Department on suspicion of failing to disclose accounts in India or Singapore, Bloomberg reported on Monday, citing three people it did not identify.
Source: Reuters: Business News | 5 Jul 2010 | 9:57 pm Australian government under attack over mine tax revenueSYDNEY (Reuters) - Australia's government came under political attack on Tuesday over a potential A$4.5 billion ($3.8 billion) loss in revenue from a new mine tax, months before elections in which economic management will be a major issue.
Source: Reuters: Business News | 5 Jul 2010 | 9:55 pm U.S. retailers pushing to expand overseasWith Americans cutting back on spending, even retailers that had resisted opening foreign branches are now setting up shop outside the U.S.As Americans' love affair with shopping cools, retailers are venturing overseas in search of growth.
Source: L.A. Times - Business | 5 Jul 2010 | 9:15 pm Rates rises wrong as economy stalls: NZIERThe Reserve Bank should stop raising interest rates, amid worrying evidence that the economy recovery is stalling, says New Zealand Institute of Economic Research Quarterly Survey of Business Opinion chief economist Shamubeel Eaqub.His...Source: nzherald.co.nz - Business | 5 Jul 2010 | 9:00 pm New projects worth $29m for Akl AirportNew commercial property projects worth $29 million have been confirmed for the business district at Auckland Airport.The four projects include a centre to support food manufacturers to develop and test products for commercialisation,...Source: nzherald.co.nz - Business | 5 Jul 2010 | 8:30 pm Cost of the queen: less than $1 per person a year (AP)
Source: Yahoo! News: Business News | 5 Jul 2010 | 8:11 pm Citigroup weighs moving proprietary traders: reportNEW YORK (Reuters) - Citigroup Inc is weighing moving about two dozen proprietary traders to desks that trade with clients as some banks try to find new positions for star traders amid financial regulation overhaul, the Wall Street Journal reported on Monday.
Source: Reuters: Business News | 5 Jul 2010 | 7:50 pm Ex-IMF economist Rogoff gloomy on China propertyBEIJING (Reuters) - China's property market is beginning a collapse that will hit the banking system, Harvard University economics Kenneth Rogoff told Bloomberg Television.
Source: Reuters: Business News | 5 Jul 2010 | 7:50 pm Chinese dairy bidder's application finally inThe Chinese backed bid to buy up 16 Crafar family farms in receivership has been lodged with the Overseas Investment Office.The move by Chinese-owned Natural Dairy NZ (NDNZ) comes only 24 hours after state owned Landcorp threw...Source: nzherald.co.nz - Business | 5 Jul 2010 | 7:30 pm Global brewers hope to tap a new market: AfricaAs economic development and political stability pull more people out of poverty, multinational beer makers are trying to quench their growing thirst for alcohol. ...Source: RSS feed - channel BNPaperBusiness | 5 Jul 2010 | 7:24 pm Global brewers hope to tap a new market: AfricaAs economic development and political stability pull more people out of poverty, multinational beer makers are trying to quench their growing thirst for alcohol.World Cup aside, Africa is attracting attention from global brewers seeking to slake the continent's steadily growing thirst for beer.
Source: L.A. Times - Business | 5 Jul 2010 | 7:24 pm Big fall in NZX June tradesThe total value traded on NZX securities markets was 24 per cent lower in June than a year earlier, with the total number of trades falling 18 per cent, as the market continued to fall from a 19-month high in mid-April.NZX today...Source: nzherald.co.nz - Business | 5 Jul 2010 | 7:00 pm BofA director wanted outsider for CEO: reportNEW YORK (Reuters) - A Bank of America Corp board member wanted an outsider to take over as chief executive in December but eventually gave in to backing Brian Moynihan for the post, the Wall Street Journal reported on Monday.
Source: Reuters: Business News | 5 Jul 2010 | 6:51 pm How many iPhones sold?Source: Business and financial news - CNNMoney.com | 5 Jul 2010 | 6:36 pm Tech customers question industry's takeover spreeSAN FRANCISCO - The world's largest technology companies have been on a buying spree, spending billions to snap up smaller companies. And often the buyers say they're doing it for their customers - businesses, hospitals, schools and...Source: nzherald.co.nz - Business | 5 Jul 2010 | 6:00 pm Crisis-hit BP rules out issuing new sharesBP is not planning to issue new shares, the company said, in spite of the pressure on its finances caused by its huge oil spill in the Gulf of MexicoSource: Financial Times - US homepage | 5 Jul 2010 | 5:42 pm Kate Ross: Right now, it's all about the candidate.Frustration is high in my office at the moment because we have work and plenty of it, but we often wonder where the genuinely motivated candidates are hiding.The candidate market is incredibly tight. As always, response to advertising...Source: nzherald.co.nz - Business | 5 Jul 2010 | 5:30 pm 'Mini Silicon Valley' to help boost high-tech industriesA research and development centre to capitalise on pioneering New Zealand titanium technology - including bendable bolts - has been opened in Tauranga.The Applied Powder Metallurgy Centre will help companies develop and test revolutionary...Source: nzherald.co.nz - Business | 5 Jul 2010 | 5:00 pm 24/7 Wall St.’s Corporate Power Rankings: Week 25The 24/7 Wall Street Corporate Power Rankings of the 32 most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and change, and credible rumors. It is, in effect, a new version of the DJIA. The Corporate Power Rankings are released at [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jul 2010 | 4:52 pm Kiwis blind to fibre's potential, says expertThe Government is set to come good on an election promise to build a billion-dollar high-speed broadband network but few New Zealanders have any understanding of what it is to live in a high-speed broadband world, says an industry...Source: nzherald.co.nz - Business | 5 Jul 2010 | 4:30 pm Britain's top law firms lose their magic touch in the downturnBritain's top law firms are losing their magic touch in the downturn with Linklaters the latest to be hit by the dearth of mergers and acquisitions activity.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jul 2010 | 3:45 pm How will the HBOS remake do at the box office?HBOS's private equity arm has been revived in a new guise. Is it a gamble or a shrewd move?Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jul 2010 | 3:42 pm Oil spill protesters are missing their targetThere is no knowing yet how the BP calamity in the Gulf of Mexico will end, but we can be sure it will keep writers of business school case studies busy for decades. Analysts of corporate disaster...Source: RSS feed - channel BNPaperBusiness | 5 Jul 2010 | 3:42 pm Lloyds sells private equity division to Coller CapitalLloyds Banking Group has sold a large part of its private equity operations to Coller Capital in another step towards dismantling the units it inherited when it merged with HBOS.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jul 2010 | 3:07 pm US banks woo wealthiest clientsCompetition is heating up in the sector as banks aggressively hire staff and conjure new offerings to offset slower growth in other parts of their businessesSource: Financial Times - US homepage | 5 Jul 2010 | 3:01 pm Komorowski wins Polish election with reforms in focus (Reuters)
Source: Yahoo! News: Business News | 5 Jul 2010 | 1:53 pm Abertis investors eye €25bn buy-outThe two largest shareholders in Abertis are studying a possible leveraged buy-out with CVC, the European private equity firm, that would value the Barcelona-based infrastructure group at more than €25bnSource: Financial Times - US homepage | 5 Jul 2010 | 1:53 pm Travis Perkins is an example of how to avoid becoming takeover fodderTravis Perkins is set to become the UK's largest plumbing and heating business after agreeing a £557.6m deal to buy rival BSS. Damian Reece explains why it's great to see some decisive corporate action from a UK company.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jul 2010 | 1:51 pm Global car sector’s rebound runs out of gasIndustry recovery falters as US retail car sales have recovered from last year’s lows but slowed over the past two monthsSource: Financial Times - US homepage | 5 Jul 2010 | 1:49 pm Investors fear rising risk of US regional defaultsInvestors are worried that the risk of default for US local governments is growing, amid signs that some regions are facing the same type of difficulty in curbing pension and budget deficits as some eurozone countries.Source: Financial Times - US homepage | 5 Jul 2010 | 1:21 pm Europe debt concerns ease but bank fears remainSome investors have started buying sovereign debt againSource: Financial Times - US homepage | 5 Jul 2010 | 1:15 pm K1 fund manager kills himselfA man arrested in connection with an investigation of an alleged €300m Ponzi scheme involving Germany’s K1 hedge-fund group has committed suicide, state prosecutors in the southern German city of Würzburg saidSource: Financial Times - US homepage | 5 Jul 2010 | 1:06 pm BP plc Close To $9 Billion Finance Package, Test Of “The Whale” Goes NowhereBP plc (NYSE: BP) got two piece of news today, one much better than the other. The Wall Street Journal reports that the oil company has probably brought in $9 billion in financing, about $1 billion from each of nine banks which include Barclays PLC, BNP Paribas SA, Citigroup Inc., Banco Santander SA, HSBC Holdings [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jul 2010 | 12:39 pm China eyes shake-up of bank holdingsChina is considering stripping its $200bn sovereign wealth fund of the country’s banking stakes, in a move that could free it of some restrictions when it invests in the USSource: Financial Times - US homepage | 5 Jul 2010 | 12:37 pm Pyrotechnician lights up the night skyCaitlan Carroll catches up with a man responsible for making sure all the rockets glare red to the tempo of a symphony orchestra.Source: Marketplace | 5 Jul 2010 | 12:22 pm Historic tours focus on lives of servantsIn this age of instant entertainment, the historic house is probably not on the top of the list of things to do. But over the past few years, owners of historic homes have gotten the message and are revamping the way they do business. Ashley Milne Tyte reports.Source: Marketplace | 5 Jul 2010 | 12:22 pm Can Robin Hood save Nottingham?The city of Nottingham wants to capitalize on the new "Robin Hood" movie and draw tourists to the rather depressing city in the British Midlands. Those who do, however, might find that Sherwood Forest is a sad remnant of its former self. Stephen Beard reports.Source: Marketplace | 5 Jul 2010 | 12:22 pm Vengeance for airline passengerCharles Wheelan decided to sue United Airlines after the carrier lost his bag and still charged him a $25 fee. He talks with Bill Radke about where his lawsuit stands now.Source: Marketplace | 5 Jul 2010 | 12:22 pm A history of in-flight foodRico Gagliano gives a brief history of the rise -- and fall -- of airplane food.Source: Marketplace | 5 Jul 2010 | 12:21 pm People withhold donations for spill aidCharitable donations to deal with the BP oil disaster have been meager. And they aren't likely to pick up any time soon. Mitchell Hartman reports.Source: Marketplace | 5 Jul 2010 | 12:21 pm Why would anyone invest in BP now?BP's stock is down by about half, which means the company could be vulnerable to a hostile takeover. Now there are reports BP is trying to head that off by attracting rich investors. BBC reporter Rebecca Singer talks the details with Bill Radke.Source: Marketplace | 5 Jul 2010 | 12:21 pm KKR nears NYSE with compensation details expectedNEW YORK (Reuters) - Kohlberg Kravis Roberts & Co is moving closer to gaining its long-sought New York Stock Exchange listing, with a filing expected as early as Tuesday which should detail compensation for top executives at the private equity firm, a source familiar with the situation said.
Source: Reuters: Business News | 5 Jul 2010 | 11:34 am KKR nears NYSE with compensation details expected (Reuters)Reuters - Kohlberg Kravis Roberts & Co is moving closer to gaining its long-sought New York Stock Exchange listing, with a filing expected as early as Tuesday which should detail compensation for top executives at the private equity firm, a source familiar with the situation said.Source: Yahoo! News: Stock Markets News | 5 Jul 2010 | 11:34 am European stocks wilt in listless trade (AFP)
Source: Yahoo! News: Stock Markets News | 5 Jul 2010 | 10:37 am Greece upbeat on bid to exit from crisis (AP)
Source: Yahoo! News: Business News | 5 Jul 2010 | 10:12 am Money-saving tips for a summer abroadSource: Business and financial news - CNNMoney.com | 5 Jul 2010 | 9:44 am Big Bang clues lie behind new imageThe European Space Agency has released a remarkable new view of the universe as seen from the solar system to aid astronomers seeking clues to what happened after the Big Bang more than 13bn years agoSource: Financial Times - US homepage | 5 Jul 2010 | 8:25 am Saudis Will Stop Exploring for More OilKing Abdullah of Saudi Arabia has reportedly called for a halt to exploring for more oil in the country that already claims the world’s largest deposits of crude. The Saudis claim to have recoverable resources of 262 billion barrels, a number that hasn’t really changed since oil production started nearly 70 years ago. In a [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jul 2010 | 8:22 am Loan growth seen as key test for Gulf banks' revival (Reuters)Reuters - Investors are looking for signs of renewed lending growth from upcoming Gulf Arab bank results, where provisions for bad and doubtful debt will continue to weigh on second quarter profits.Source: Yahoo! News: Business News | 5 Jul 2010 | 7:18 am Shanghai composite index hits 15-month low (AFP)
Source: Yahoo! News: Stock Markets News | 5 Jul 2010 | 5:28 am Vampire Movie, “The Twilight Sage: Eclipse” Grosses $161.2 Million“The Twilight Sage: Eclipse” has grossed $161.2 million since Wednesday, a breathtaking amount, even for a vampire movie. “That’s one of the biggest five-day debuts in Hollywood history, previously surpassed by just a handful of films including “The Dark Knight” and last summer’s sequel to “Transformers”, according to The Wall Street Journal. Vampires and werewolves, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jul 2010 | 5:20 am China Car Sales–A Little Less Attractive To US CompaniesChina’s car sales increases slowed very sharply in June, up only 10% compared to the same month last year, according to the China Automotive Technology & Research Center. The news comes four days after the central government and HSBC said manufacturing in the world’s most populous nation had cooled off considerably in June. Goldman Sachs [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jul 2010 | 4:47 am iPhone 4 Reception Fix?
Source: Business Pundit | 5 Jul 2010 | 4:41 am Earnings Forecasts Call for Cool Results (Pundit Watch)A volatile Q2 and seasonal pessimism leave predictions soft.
Source: SmartMoney.com | 5 Jul 2010 | 3:46 am Sifting Through Summer Discounts (Deal of the Day)To clear out summer merchandise, retailers are offering deals.
Source: SmartMoney.com | 5 Jul 2010 | 3:01 am Buick: Shaking Off the Fogey Factor (Driving Force)Buick is giving its fleet a face-lift. Will younger buyers be seduced?
Source: SmartMoney.com | 5 Jul 2010 | 3:01 am
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