|
|
|
|
Raw-food raid highlights a hungerSome people balk at restrictions on selling unprocessed milk and other foods. 'How can we not have the freedom to choose what we eat?' one says. Regulators say the rules exist for safety and fairness.With no warning one weekday morning, investigators entered an organic grocery with a search warrant and ordered the hemp-clad workers to put down their buckets of mashed coconut cream and to step away from the nuts.
Source: L.A. Times - Business | 25 Jul 2010 | 1:00 am Seven European banks fail financial stress test (AFP)
Source: Yahoo! News: Business News | 24 Jul 2010 | 4:03 am Auto Review: 2010 Lexus GX460: Not what you'd call roughing itNot only will the Lexus GX460 take you well off road and make sure you attend the family Christmas celebration in say, Wolf Point, Mont., it will coddle you.
Source: MarketWatch.com - Top Stories | 24 Jul 2010 | 4:01 am Obama slams GOP plan, GOP warns of tax hikesPresident Barack Obama says an economic plan by the House Republican leader just repeats job-killing policies of the past and would take the country "backward at a time when we need to keepSource: RSS feed - channel BNewsBusiness | 24 Jul 2010 | 4:00 am Methane blast at Russian mine kills 1A methane explosion at a coal mine in western Siberia early Saturday killed one miner and left two hospitalized with burns, officials said. A sudden buildup of the gas at the...Source: RSS feed - channel BNewsBusiness | 24 Jul 2010 | 3:57 am Top money tips for holidaymakersMore than a million people are expected to jet off to warmer climates this weekend with many benefiting from cut-price offers.Source: BBC News - Business | 24 Jul 2010 | 3:36 am Iran signs $1.3bln gas pipeline deal with Turkey (AFP)
Source: Yahoo! News: Business News | 24 Jul 2010 | 3:31 am Why women gamers are big businessAlmost half the people who play computers games in Britain are women, but they often prefer a different type of game to men.Source: BBC News - Business | 24 Jul 2010 | 2:19 am China runs stress tests on property trusts: report (Reuters)Reuters - China's banking regulator has run stress tests in the country's trust firms to see if they can withstand a downturn in the property sector, the Economic Observer reported on Saturday, citing unidentified industry sources.Source: Yahoo! News: Business News | 24 Jul 2010 | 1:41 am China runs stress tests on property trusts: reportBEIJING (Reuters) - China's banking regulator has run stress tests in the country's trust firms to see if they can withstand a downturn in the property sector, the Economic Observer reported on Saturday, citing unidentified industry sources.
Source: Reuters: Business News | 24 Jul 2010 | 1:41 am China runs stress tests on property trusts: reportBEIJING (Reuters) - China's banking regulator has run stress tests in the country's trust firms to see if they can withstand a downturn in the property sector, the Economic Observer...Source: RSS feed - channel BNewsBusiness | 24 Jul 2010 | 1:41 am Ford reports 13% rise in profit in 2nd quarterThe results, driven by strong sales of new car models such as the Fusion, beat Wall Street expectations and mark the automaker's fifth consecutive profitable quarter. ...Source: RSS feed - channel BNPaperBusiness | 24 Jul 2010 | 1:00 am Luxury condo tower in Century City is completedDeluxe high-rise living is relatively new in Los Angeles, but more projects are targeting buyers in the top financial strata.The Art Deco-inspired Century City condominium tower expected to be the home of wealthy widow Candy Spelling and many other moneyed residents has been completed after nearly six years of planning, demolition and construction.
Source: L.A. Times - Business | 24 Jul 2010 | 1:00 am Overture Films to shut down, unable to fetch desired priceOverture Films, the 3-year-old independent movie studio owned by John Malone's Liberty Media, is shutting down after it failed to fetch an adequate price from interested buyers.Source: RSS feed - channel BNPaperBusiness | 24 Jul 2010 | 1:00 am TARP pay czar criticizes big bank bonuses but won't seek refund of bailout moneyKenneth R. Feinberg calls payments to executives of Goldman Sachs, Bank of America, Wells Fargo and other firms that received bailout funds 'ill-advised' but says they don't rise to the level of 'contrary...Source: RSS feed - channel BNPaperBusiness | 24 Jul 2010 | 1:00 am Sandoz, Momenta get FDA approval to make generic version of blood thinner LovenoxIn a closely watched decision, the Food and Drug Administration on Friday approved an application by German drug maker Sandoz and Momenta Pharmaceuticals Inc. of Cambridge, Mass., to make the first generic...Source: RSS feed - channel BNPaperBusiness | 24 Jul 2010 | 1:00 am TARP pay czar criticizes big bank bonuses but won't seek refund of bailout moneyKenneth R. Feinberg calls payments to executives of Goldman Sachs, Bank of America, Wells Fargo and other firms that received bailout funds 'ill-advised' but says they don't rise to the level of 'contrary to the public interest,' which would require him to demand repayment.The Obama administration's pay czar on Friday came to the same conclusion about fat Wall Street bonuses that average Americans have already reached: There's no logic behind them, except greed.
Source: L.A. Times - Business | 24 Jul 2010 | 1:00 am Major Hollywood studios threatened by Teamsters pay disputeThe union, which provides drivers who haul equipment to film sets, is expected to provide a strike authorization vote from members.Hollywood's drivers and the major studios continued last-ditch contract talks late Friday in an effort to avoid a head-on collision.
Source: L.A. Times - Business | 24 Jul 2010 | 1:00 am Google misses deadline for L.A. city e-mail systemIt agreed to implement its 'cloud' model by June 30 but has not satisfied the Police Department's data security requirements. ...Source: RSS feed - channel BNPaperBusiness | 24 Jul 2010 | 1:00 am Stocks' gyrations defy explanationInvestors throw market fundamentals out the window and succumb to emotion amid contradictory signals from the economyJim Paulsen has a PhD in economics and more than a quarter-century of experience as an investment strategist, but he's finding it harder than ever to make sense of the stock market.
Source: L.A. Times - Business | 24 Jul 2010 | 1:00 am Stocks' gyrations defy explanationInvestors throw market fundamentals out the window and succumb to emotion amid contradictory signals from the economy ...Source: RSS feed - channel BNPaperBusiness | 24 Jul 2010 | 1:00 am Some markets don't buy the double-dip scenarioForeign markets post steady gains, but U.S. investors remain wary of economic uncertainties and suspicious of good news.They don't seem too worried about a "double dip" global recession in Germany, the world's second-largest exporter. The country's stock market has rallied back to within 3% of its spring high.
Source: L.A. Times - Business | 24 Jul 2010 | 1:00 am Google misses deadline for L.A. city e-mail systemIt agreed to implement its 'cloud' model by June 30 but has not satisfied the Police Department's data security requirements.Google Inc. has missed the deadline on its high-profile contract to take over Los Angeles' e-mail system, leaving nearly 20,000 city employees on an aging system that the city is paying the Internet search giant $7.25 million to replace.
Source: L.A. Times - Business | 24 Jul 2010 | 1:00 am Luxury condo tower in Century City is completedDeluxe high-rise living is relatively new in Los Angeles, but more projects are targeting buyers in the top financial strata. ...Source: RSS feed - channel BNPaperBusiness | 24 Jul 2010 | 1:00 am Overture Films to shut down, unable to fetch desired priceOverture Films, the 3-year-old independent movie studio owned by John Malone's Liberty Media, is shutting down after it failed to fetch an adequate price from interested buyers.
Source: L.A. Times - Business | 24 Jul 2010 | 1:00 am Major Hollywood studios threatened by Teamsters pay disputeThe union, which provides drivers who haul equipment to film sets, is expected to provide a strike authorization vote from members. ...Source: RSS feed - channel BNPaperBusiness | 24 Jul 2010 | 1:00 am Sandoz, Momenta get FDA approval to make generic version of blood thinner LovenoxIn a closely watched decision, the Food and Drug Administration on Friday approved an application by German drug maker Sandoz and Momenta Pharmaceuticals Inc. of Cambridge, Mass., to make the first generic version of the widely used blood thinner Lovenox.
Source: L.A. Times - Business | 24 Jul 2010 | 1:00 am Some markets don't buy the double-dip scenarioForeign markets post steady gains, but U.S. investors remain wary of economic uncertainties and suspicious of good news. ...Source: RSS feed - channel BNPaperBusiness | 24 Jul 2010 | 1:00 am Ford reports 13% rise in profit in 2nd quarterThe results, driven by strong sales of new car models such as the Fusion, beat Wall Street expectations and mark the automaker's fifth consecutive profitable quarter.Bolstered by strong sales of new car models such as the Fusion and redesigned Taurus, Ford Motor Co. said Friday that its second-quarter profit rose 13% to $2.6 billion.
Source: L.A. Times - Business | 24 Jul 2010 | 1:00 am Stocks to Watch: Stocks to watch Monday: Cal-Maine, Legg MasonAmong the companies whose shares are expected to see active trade in Monday's session are Lorillard Inc., Cal-Maine Foods Inc. and Legg Mason Inc.
Source: MarketWatch.com - Top Stories | 23 Jul 2010 | 10:01 pm Market Snapshot: U.S. stocks upbeat on earnings, cautious on dataThe stock market is in a better, yet still risky place as Wall Street readies for an even larger flood of corporate results in the days ahead.
Source: MarketWatch.com - Top Stories | 23 Jul 2010 | 10:01 pm Outside the Box: As China grows, massive hurdles loomEvery pundit and China hand says it: The next decade will be a critical one for China, writes Howard Gold.
Source: MarketWatch.com - Top Stories | 23 Jul 2010 | 10:01 pm China floods put pressure on Three Gorges DamRecord-high water levels at China's massive Three Gorges Dam have called into question Beijing's claims that the world's largest hydroelectric project could withstand a 10,000-year flood.Source: RSS feed - channel BNewsBusiness | 23 Jul 2010 | 8:32 pm Hilo Hawaiian Hotel Purchased by Local Investors GroupSource: RSS feed - channel BNewsBusiness | 23 Jul 2010 | 8:28 pm U.S. bank failures reach 103 so far this yearWASHINGTON (Reuters) - U.S. bank failures reached 103 so far in 2010 on Friday as regulators seized seven small banks, a faster pace of closures than last year when the century mark was notSource: RSS feed - channel BNewsBusiness | 23 Jul 2010 | 7:44 pm U.S. bank failures reach 103 so far this yearWASHINGTON (Reuters) - U.S. bank failures reached 103 so far in 2010 on Friday as regulators seized seven small banks, a faster pace of closures than last year when the century mark was not reached until October.
Source: Reuters: Business News | 23 Jul 2010 | 7:44 pm UPDATE 1-Eisai say FDA approves higher dose AriceptNEW YORK, July 23 (Reuters) - Eisai Co and Pfizer Inc said they won U.S. regulatory approval for a higher dose once-daily version of Aricept, a drug that treats Alzheimer disease.Source: RSS feed - channel BNewsBusiness | 23 Jul 2010 | 7:28 pm Seven banks fail EU stress tests, most clearedSeven banks, mainly in Spain, failed European crisis "stress tests" when regulators declared the sector sound overall, but many analysts scorned the exam for passing doubtful cases. ...Source: RSS feed - channel BNewsBusiness | 23 Jul 2010 | 7:21 pm Telecom group sues San Francisco over mobile phone lawA major US telecommunications industry group asked a federal court to block a law requiring mobile phone makers to warn customers that the gadgets are bathing them in radiation. The...Source: RSS feed - channel BNewsBusiness | 23 Jul 2010 | 7:19 pm Geithner says economy gradually getting betterTreasury Secretary Tim Geithner says the economy is "gradually getting better" and "that's very encouraging." This comes after Federal Reserve Chairman Ben Bernanke told Congress earlierSource: RSS feed - channel BNewsBusiness | 23 Jul 2010 | 6:46 pm Seven banks fail Europe stress testLONDON/MADRID (Reuters) - Just seven European banks failed a health check and were ordered to raise their capital by 3.5 billion euros ($4.5 billion), much less than expected, confirming fears the continent's long-awaited stress test was too soft.
Source: Reuters: Business News | 23 Jul 2010 | 6:40 pm Weekend Investor: Bullion buyers bank on gold coinsBullion coin investing has soared alongside the popularity of gold despite its disadvantages. The world’s thirst for gold coins has risen more than government mints can quench it.
Source: MarketWatch.com - Top Stories | 23 Jul 2010 | 6:27 pm Get ready for estate-, income-tax debatesWhat will Congress do about the Bush-era tax cuts that are set to end Dec. 31? In a weak economy, with a deficit on overload, do you extend the tax break or go after that revenue? That’s no easy question to answer.
Source: MarketWatch.com - Top Stories | 23 Jul 2010 | 5:54 pm The Friday Podcast: We Take Toxie On The Road
Chana Joffe-Walt/NPR
Richard Koenig defaulted on one of the mortgages that's part of our toxic asset. Our latest payment from Toxie was supposed to arrive this week. Once again, we got zero dollars and zero cents. Our little toxic asset isn't quite dead yet (here's the live stream where you can see how she's doing). But it's been months since we've seen a payment. So before she's gone, we figured we'd try to learn what she's all about — not just loan-to-value ratios and unpaid mortgages, but actual houses and actual people. People who aren't paying us back. With the help of some reporters from the Sarasota Herald-Tribune, we got a few names, made a few phone calls and took a field trip to Florida. We saw lots of the houses from the outside. But in the end, only one homeowner would meet with us: Richard Koenig, a charming 81-year-old man with a dog named Muffin. He has no plans to pay back the $300,000 mortgage that's part of Toxie. For more on Koenig, read our post from this morning. Subscribe to the podcast. Music: Miranda Lambert's "The House That Built Me." Find us: Twitter/ Facebook/ Flickr. To download the podcast, click on the arrow icon in the podcast player above. Source: NPR Blogs: Planet Money | 23 Jul 2010 | 5:20 pm Could camel milk come to Europe?The United Arab Emirates has been pushing hard for the European Union to accept imports from its camel dairy farms.Source: BBC News - Business | 23 Jul 2010 | 5:17 pm Top Ten: MarketWatch top 10 stories, July 19-23Corporate earnings reports, newly signed financial regulation, comments from Fed Chairman Ben Bernanke and results form European stress tests all gave investors a lot to digest.
Source: MarketWatch.com - Top Stories | 23 Jul 2010 | 5:16 pm Financial reform bill claims first victimThe financial reform bill signed by President Obama this week has effectively frozen the market for asset-backed securities, making it harder for companies to sell packages of consumer loans into the secondary markets and potentially denting economic recovery prospects.
Source: MarketWatch.com - Top Stories | 23 Jul 2010 | 5:15 pm Seven banks fail Europe stress test (Reuters)Reuters - Just seven European banks failed a health check and were ordered to raise their capital by 3.5 billion euros ($4.5 billion), much less than expected, confirming fears the continent's long-awaited stress test was too soft.Source: Yahoo! News: Business News | 23 Jul 2010 | 5:11 pm Price of tax-funded happiness keeps team moguls goingTwo summers ago, at a baseball game at Yankee Stadium, a man called Brad Campeau-Laurion left his seat to go to the bathroom. He did so during the "seventh-inning stretch", when "God Bless America" was...Source: RSS feed - channel BNPaperBusiness | 23 Jul 2010 | 5:04 pm Pay czar names 17 firms for "ill-advised" pay (Reuters)
Source: Yahoo! News: Business News | 23 Jul 2010 | 5:02 pm Pay czar names 17 firms for "ill-advised" payWASHINGTON (Reuters) - Seventeen financial firms made "ill-advised" payments to executives totaling $1.6 billion while taxpayers were bailing them out, U.S. pay czar Kenneth Feinberg said on Friday.
Source: Reuters: Business News | 23 Jul 2010 | 5:02 pm All at seaTop money tips for holidaymakers to avoid financial pitfallsSource: BBC News - Business | 23 Jul 2010 | 5:01 pm Facebook at 500mWe are not all Facebookers yet. But it is getting close. The social networking site, founded just six years ago, has just notched up its 500 millionth userSource: Financial Times - US homepage | 23 Jul 2010 | 5:00 pm Magna shareholders approve Stronach buyout (AP)
Source: Yahoo! News: Business News | 23 Jul 2010 | 4:57 pm Bank failure tally passes 100 for the yearA Minnesota bank was closed by government regulators Friday, the Federal Deposit Insurance Corp. said, bringing the total number of failed banks this year past 100.Source: Business and financial news - CNNMoney.com | 23 Jul 2010 | 4:56 pm A&P CEO steps down as loss widens; shares plunge (AP)AP - Great Atlantic & Pacific Tea Co.'s shares plunged to their lowest point in at least 25 years Friday after the grocery chain reported that its loss widened in the first quarter and its CEO stepped down.Source: Yahoo! News: Business News | 23 Jul 2010 | 4:54 pm DJIA Rises 3.2% on the Week (Market Update)Stocks finished the week on a high note, soaring for a second straight day as investors...
Source: SmartMoney.com | 23 Jul 2010 | 4:51 pm Latin American Markets: Brazil, Mexico stocks gain after stress testsBrazilian and Mexican stocks rise Friday, pushing past weakness in the wake of results from long-awaited stress tests for European banks.
Source: MarketWatch.com - Top Stories | 23 Jul 2010 | 4:41 pm General Electric raises dividendUS conglomerate General Electric is raising its quarterly dividend by 20% because of its improving financial performance.Source: BBC News - Business | 23 Jul 2010 | 4:35 pm Fitch, S&P place AmeriCredit on rating watch (AP)AP - Ratings companies Fitch Ratings and Standard & Poor's placed AmeriCredit Corp. on rating watches Friday, one day after General Motors said it would acquire the subprime auto lender.Source: Yahoo! News: Business News | 23 Jul 2010 | 4:30 pm Stocks on brink of breakout (Reuters)Reuters - Wall Street enters next week on the cusp of a breakout in U.S. stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of this week.Source: Yahoo! News: Stock Markets News | 23 Jul 2010 | 4:30 pm Stocks on brink of breakout (Reuters)Reuters - Wall Street enters next week on the cusp of a breakout in U.S. stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of this week.Source: Yahoo! News: Business News | 23 Jul 2010 | 4:30 pm Stocks on brink of breakoutNEW YORK (Reuters) - Wall Street enters next week on the cusp of a breakout in U.S. stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of this week.
Source: Reuters: Business News | 23 Jul 2010 | 4:30 pm There's only so much you can teach your kidsFor better or for worse, kids take after their parents -- but studies show parental influence only goes so far when it comes to how your children will handle money.Source: Marketplace Money | 23 Jul 2010 | 4:29 pm Will the jobless benefits extension help?Tess Vigeland talks to economist Richard DeKaser about the effect unemployment benefits will have on the economy.Source: Marketplace Money | 23 Jul 2010 | 4:29 pm Teaching financial literacyTess Vigeland talks to personal finance expert Beth Kobliner about the Office of Financial Literacy, which will conduct two studies on financial literacy. Will these studies be the death of the financial literacy education idea or will it actually help us in the long run?Source: Marketplace Money | 23 Jul 2010 | 4:29 pm White House: Unemployment at 9% 'til 2012The White House said Friday it expects that unemployment will stay at or above 9% until 2012, but at the same time forecast that the economy will grow by at least 4% in 2011 and 2012.Source: Business and financial news - CNNMoney.com | 23 Jul 2010 | 4:27 pm Canadian Markets: Canadian stocks close higher, notch gains for weekCanadian stocks rise, reversing losses from earlier in the session as investors digest results from the European banks stress test.
Source: MarketWatch.com - Top Stories | 23 Jul 2010 | 4:27 pm Stocks rise after Euro bank tests, earnings (AP)
Source: Yahoo! News: Stock Markets News | 23 Jul 2010 | 4:11 pm U.S. trims '10 deficit forecast as economy faces headwindsWASHINGTON (Reuters) - The Obama administration warned on Friday the U.S. economy had encountered "strong headwinds" and the country's fiscal challenge remained grim, but it lowered an estimate for the budget deficit this year.
Source: Reuters: Business News | 23 Jul 2010 | 4:02 pm Ford profit tops Street viewDETROIT (Reuters) - Ford Motor Co posted a stronger-than-expected quarterly profit of $2.6 billion and said it was on track for higher earnings and lower debt in 2011, sending its shares up 4 percent.
Source: Reuters: Business News | 23 Jul 2010 | 4:02 pm Dell and Intel: Big Tech behaving badlyThursday's $100 million settlement between Dell and the Securities and Exchange Commission was a reminder that the government is going after tech's bad boys -- and Intel is likely next on the feds' list.Source: Business and financial news - CNNMoney.com | 23 Jul 2010 | 4:01 pm Stocks rally on day, weekStocks rallied Friday, with the Dow briefly turning positive for the year after a report showed that most of Europe's big banks passed their stress tests, easing investor worries about the strength of the global economy.Source: Business and financial news - CNNMoney.com | 23 Jul 2010 | 4:00 pm Summary Box: Treasury yields rise on bank tests (AP)AP - STRESS TESTS: Stock markets rallied after European regulators said only a handful of banks failed "stress tests."Source: Yahoo! News: Stock Markets News | 23 Jul 2010 | 3:55 pm Connecticut couple gets $1 million SEC award for Pequot (Reuters)Reuters - A Connecticut couple has been awarded a record $1 million for information that led to an insider trading settlement against a prominent hedge fund adviser and civil proceedings against the wife's former husband.Source: Yahoo! News: Stock Markets News | 23 Jul 2010 | 3:51 pm NJ governor vetoes 3 bills, cites "economic crisis" (Reuters)Reuters - New Jersey Governor Chris Christie on Friday vetoed three bills that would have provided tax credits to homebuyers and funded health services, citing the combined $132 million cost as the state struggles to close an $11 billion budget shortfall in the current year.Source: Yahoo! News: Business News | 23 Jul 2010 | 3:49 pm Porrino, Fuerst Discuss `Small Business Divorce’: BLAWSource: Bloomberg - All Podcasts | 23 Jul 2010 | 3:48 pm Small N.Y. hamlet gets big train-car contractThe town of Elmira, an upstate New York community that once prospered during the manufacturing boom, got a spot of good news Friday.Source: Business and financial news - CNNMoney.com | 23 Jul 2010 | 3:44 pm Author Spooner on Market Perception: Taking StockSource: Bloomberg - All Podcasts | 23 Jul 2010 | 3:42 pm Oil spill: BP considers Tony Hayward exitSpeculation mounting that the board of BP is preparing to part company its chief executive as a direct result of the Gulf of Mexico oil spill.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jul 2010 | 3:41 pm Hynes, Spallanzani Discuss Fed, Market Outlook: Taking StockSource: Bloomberg - All Podcasts | 23 Jul 2010 | 3:40 pm GE and profits boost Wall Street (Reuters)
Source: Yahoo! News: Stock Markets News | 23 Jul 2010 | 3:38 pm Write-Offs: 07.23.10
$$$ Stress Tests Show Regulators Won’t Clobber Banks [CNBC] $$$ Cuomo Reopens Probe of AIG’s Cassano [Bloomberg] $$$ Morgan Stanley Looks Like FinReg Winner [TSC] $$$ State Plans to Eliminate 170,000 Canada Geese [City Room]
 Source: Dealbreaker | 23 Jul 2010 | 3:34 pm BP set for deep-water drilling off LibyaBP will start deep-water drilling off the coast of Libya within weeks in spite of concerns about the UK group’s environmental and safety record after the Gulf of Mexico oil spill disasterSource: Financial Times - US homepage | 23 Jul 2010 | 3:33 pm Most European banks past tests, stocks rise (AP)AP - PASSING THE TEST: Most European banks passed so-called "stress" tests, which estimate their ability to withstand the continent's debt problems. That and more upbeat earnings reports sent stocks sharply higher for the second straight day.Source: Yahoo! News: Stock Markets News | 23 Jul 2010 | 3:30 pm GE raises dividend in show of strengthGeneral Electric unexpectedly increased its quarterly dividend by 20 per cent in an effort to show that the diversified industrial conglomerate is over the worst of the financial crisis and confident about the future.Source: Financial Times - US homepage | 23 Jul 2010 | 3:19 pm With Fed 'Uncertain,' What of the Recovery? (Broker Talk)Two takes on the economic outlook after Bernanke's testimony.
Source: SmartMoney.com | 23 Jul 2010 | 3:09 pm The Case Against Gold Falls Apart (Ahead of the Curve)Luskin: Stocks are no match for gold at the moment.
Source: SmartMoney.com | 23 Jul 2010 | 3:06 pm Should We Hold Out Hope For The Goldman Documentary?
 Please? Probably not, but hear me out. Goldman is making a documentary about itself. Here’s why we really shouldn’t give rat’s ass: because Goldman is “paying for the film, has editorial control and is overseeing the project through its marketing department.” Also, it will only be distributed to employees, as a sort of pick me up of sorts, that Lloyd can watch when he’s feeling a bit melancholy or in the event of another really bad day. The bank has hired a real filmmaker, Ric Burns, to make the thing, which is kind of like asking the Coen Brothers to tape your son’s Bar Mitzvah. So, the very serious odds are the thing is going to suck, if you were looking for any sort of drama, intrigue, conflict or humor. But. As one guy told the Journal, it is quite strange for Burns to take on this project.
And that just makes me think, and cross my fingers, and hope for one slim but potentially incredible outcome, that only Burns can make happen. Two words my friends: America’s Sweethearts. Show us the good stuff, B.
Source: Dealbreaker | 23 Jul 2010 | 3:05 pm Risky assets rally as test results digestedRisky assets were higher following the initial results of the European bank stress tests, in which all but seven banks passed, but traders are waiting until Monday to take a stronger view of the eurozone’s futureSource: Financial Times - US homepage | 23 Jul 2010 | 3:03 pm GE boosts dividend 20%GE announced Friday it will raise the quarterly dividend by 20% and will resume its share buyback program at the end of the quarter.Source: Business and financial news - CNNMoney.com | 23 Jul 2010 | 3:01 pm Stifel Nicolaus’s Keay Comments on Airlines: Taking StockSource: Bloomberg - All Podcasts | 23 Jul 2010 | 3:00 pm Banks paid big money to execs during crisisNearly twenty financial firms including Citicorp and Goldman Sachs made $1.6 billion in "ill-advised" payments to executives during the peak of the financial crisis.Source: Business and financial news - CNNMoney.com | 23 Jul 2010 | 2:55 pm Out of work and waiting for the checkKevin Landry had to give up his San Diego apartment because he couldn't afford the rent after his federal unemployment benefits were cut off in early June.Source: Business and financial news - CNNMoney.com | 23 Jul 2010 | 2:51 pm Bonus Watch ‘10: What Kind Of Take Home Can You Expect For Turning In Your Ex-Husband For Insider Trading
Source: Dealbreaker | 23 Jul 2010 | 2:46 pm How the major stock indexes fared on Friday (AP)AP - Investors bought stocks again on the latest reassuring news about the economy. European regulators, who issued the results of what are called "stress tests" on the banks, said only a handful would struggle if the continent's economy weakens. The latest second-quarter earnings reports also convinced investors that the economic recovery is proceeding.Source: Yahoo! News: Stock Markets News | 23 Jul 2010 | 2:44 pm Goldman coughs up counterparties on AIG hedgeWASHINGTON (Reuters) - Morgan Stanley , Citigroup and JPMorgan Chase were among banks that sold Goldman Sachs protection against the risk of a collapse of giant insurer American International Group , a source familiar with the matter said on Friday.
Source: Reuters: Business News | 23 Jul 2010 | 2:44 pm Get the Most Happiness Out of a Vacation (By the Numbers)Two recent studies hint at how to make the most of getaways.
Source: SmartMoney.com | 23 Jul 2010 | 2:43 pm Businessweek’s Wong on Most Sedentary U.S. City: Taking StockSource: Bloomberg - All Podcasts | 23 Jul 2010 | 2:28 pm Inside Our Toxic Asset, Cont'd: A $200 Million Mortgage Schemeby Chana Joffe-Walt July 23, 2010 
Chana Joffe-Walt/NPR
Dr. Fred Bloom unwittingly sold this house into what may have been a mortgage-fraud ring. I may be on the losing end of a $200 million mortgage-fraud scheme. Earlier this year, my colleagues and I bought a tiny slice of a toxic asset, a bond backed by a bunch of bad mortgages. We’ve been using the asset as a window into the housing boom and bust. Recently, a group of reporters at the Sarasota Herald-Tribune told us that one of the mortgages in our asset was part of a real-estate scheme being investigated by the FBI. That told me that, to understand how the scheme worked, I should learn the story of the house on Cove Terrace. The house is a nice Florida place — red-tile roof, pool, boat dock. In 1999, it was owned by Dr. Fred Bloom, a doctor who unwittingly sold the house into what may have been a mortgage-fraud ring. Bloom spent a happy decade raising kids here. In 2000, he sold the house for $600,000 — much less than he'd hoped. The buyer was represented by Craig Adams, a real-estate agent known in Sarasota as a guy who could make deals happen. Two weeks later, Adams re-sold the house for $725,000. “I was really upset!” Bloom says. He thought his real-estate agent had misled him about the value of the house. But there was more to the picture than he knew. According to Matthew Doig, an investigative reporter who has written about mortgage fraud for Sarasota Herald-Tribune, this is what happened: Adams had a group of friends and associates. One would buy a house. Then he’d sell it to another, for a higher price. Then it would get sold again, at a price that was still higher. The sales often wouldn’t get listed publicly and Adams would set the prices. With each sale, someone would take out a loan that was more than big enough pay off the previous loan. The players would split the remaining cash. "After Dr Bloom is out of the picture, that house is completely controlled by Craig Adams," Doig says. "Every time it is, sold Adams is representing both the buyer and seller." I called Adams seeking comment, but he didn't return my calls. In four years, Bloom’s house had six owners — and the sale price went from $600,000 to more than $2 million. Dr. Bloom became more and more confused by the escalating price. The house didn’t look better. In fact it looked worse: "The yard was really in disrepair," he said. "It looked like it was vacant." This kind of scheme is common during housing booms, according to Guy Cecala, of the trade magazine Inside Mortgage Finance. But passing a house back and forth, and taking out ever bigger loans, has to end badly for someone. By 2007, Bloom's old house was owned by yet another associate of Craig Adams — a guy who wound up defaulting on more than $2 million in loans. The bank foreclosed on the house. At the height of the bubble, a third of the people buying houses were never planning to live there. That doesn’t mean all those loans were all fraudulent. At the same time, mortgage fraud can be something as simple as saying you’re going to live in a house you never plan to set foot in. The FBI is looking into more than 3,000 cases of mortgage fraud. And in Sarasota they're doing it with help of Craig Adams: The Sarasota Herald-Tribune has reported that he’s gone from real estate genius to FBI informant. Source: NPR Blogs: Planet Money | 23 Jul 2010 | 2:28 pm Stress tests: the seven failed banksMarkets delivered a clear thumbs down to the EU bank stress tests after just 7 out of 91 failed.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jul 2010 | 2:21 pm Lawsuit against 99 Cent Only storeThe 99 Cent Only store's new price hike has sparked two class action lawsuits accusing the discounter with false advertising.Source: Marketplace Money | 23 Jul 2010 | 2:20 pm Can banks do more?Community activists recently demonstrated outside JP Morgan Chase offices in California. Protesters asked why banks don't use all resources available to help modify mortgages. Bob Moon investigates.Source: Marketplace Money | 23 Jul 2010 | 2:19 pm Mortgage modification madnessMany current homeowners are trying to figure out what to do about their mortgages. The government's fix-it programs and the banks appear to be generating more confusion than modifications.Source: Marketplace Money | 23 Jul 2010 | 2:19 pm Are new rates a draw for buyers?Mortgage rates are now at historic lows -- 4.56 percent. Marketplace asked realtors across the country whether or not the new rates are encouraging potential home buyers.Source: Marketplace Money | 23 Jul 2010 | 2:19 pm Getting PersonalTess Vigeland and Los Angeles Times columnist David Lazarus answer listener questions including how to get a project loan on property, should one get a collateral loan and what is the best way to save a set amount of money.Source: Marketplace Money | 23 Jul 2010 | 2:19 pm Tool Of The Week: What To Expect In The 27th Goldman Interview
Source: Dealbreaker | 23 Jul 2010 | 2:16 pm Presented By:Source: Dealbreaker | 23 Jul 2010 | 2:16 pm QE2: investors braced for the sequelCentral banks have hinted quantitative easing could yet make a return – a move that would be far riskier the second time aroundSource: Financial Times - US homepage | 23 Jul 2010 | 2:14 pm GE lifts dividend 20 percent and will resume buybacksBOSTON (Reuters) - General Electric Co moved to raise its dividend by 20 percent on Friday, in a sign that the largest U.S. conglomerate has put the worst of the financial crisis behind it.
Source: Reuters: Business News | 23 Jul 2010 | 2:09 pm Judge blocks peer’s move to CanadaA US judge rejected a bid by Lord Black, the Canadian-born former publishing magnate, to be allowed to return to Canada to live during his release on bail.Source: Financial Times - US homepage | 23 Jul 2010 | 2:02 pm Real stress is that banks' worst-case scenarios have still to be testedThe key question is were the bank stress tests stressful enough? The hope was that Europe could repeat the success of the US stress tests, which helped restore investor confidence last year.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jul 2010 | 1:59 pm This may be as good as the UK economy gets for a whileMaybe it is just the people I talk to, but it is hard to marry Friday's upbeat gross domestic product (GDP) figures with the experiences of those actually at the pitface.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jul 2010 | 1:58 pm Blue Phoenix’s Licata on Natural Gas, Drilling: Taking StockSource: Bloomberg - All Podcasts | 23 Jul 2010 | 1:51 pm The Scouts mean business, so be preparedThe Scouts' new badge for entrepreneurship is a delightful idea, says Tracy Corrigan.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jul 2010 | 1:49 pm Richard Desmond buys channel FiveRichard Desmond, the owner of the Daily Express and Daily Star, buys Five Group from entertainment network RTL for 104m.Source: BBC News - Business | 23 Jul 2010 | 1:45 pm At The Height Of The Crisis, $1.6 Billion In 'Ill-Advised' Bonusesby Jacob Goldstein 
AP
Lots of banks argued that they were contractually bound to honor lucrative contracts agreed to before the crisis hit, Feinberg said. At the height of the financial crisis, there was a window of a few months after banks had received federal bailout money, and before they were subject to new rules restricting their pay practices. During that window, 17 financial companies handed out $1.6 billion in compensation that was "ill-advised," Kenneth Feinberg, the federal official appointed oversee pay at bailed-out firms, said this morning. Eleven of those companies have already repaid all of their bailout money with interest. And Feinberg said he doesn't have the legal authority to demand repayment of the funds, even from companies that have still not repaid their bailout money. But he did recommend that all of the firms adopt a "brake provision," which would allow them to alter employee compensation during future financial crises. It's unclear whether the firms will do that. "They are all taking it 'under advisement,'" Feinberg said. A report on his review of the payments will be released today. He said he used two main criteria to determine whether the payments, made in late 2008 and early 2009, were appropriate. One was the size of the payments. Feinberg excluded the majority of the 419 companies that received taxpayer money because no officials at those companies made more than $500,000 for the entire year. But at other companies, there were people who were paid more than $10 million — just in the five-month window between the time the companies received bailout money and the time a new law restricted their pay. The other factor was the basis for the payments, which in some cases included nebulous notions like "loyalty" and "competitive zeal," according to Feinberg. Lots of banks argued that they were contractually bound to honor lucrative contracts agreed to before the crisis hit, he said. As a result, Feinberg is recommending the "brake provision," which would allow banks to renegotiate employee contracts in extreme circumstances. But he said he doesn't have the authority force banks to adopt the provision. He also recognized the difficulty of looking back nearly two years to evaluate compensation that was given out before new rules were put into effect. "This is armchair quarterbacking," he said. Here are the 17 firms that Feinberg says made ill-advised payments. Those that have not yet fully repaid taxpayer bailouts are listed in bold:
Source: NPR Blogs: Planet Money | 23 Jul 2010 | 1:45 pm Oil spill: BP men named in Deepwater Horizon rig inquiryBP managers 'parties of interest' in federal investigation into rig blast, as Michelle Obama gets a spill update.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jul 2010 | 1:37 pm Bank stress tests 'too little, too late' says CityMarkets delivered a clear thumbs down to the EU bank stress tests after just 7 out of 91 failed.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jul 2010 | 1:17 pm Europe's big banks pass stress testsMost of Europe's biggest banks passed stress tests aimed at shoring up confidence in the region's economy, officials said Friday.Source: Business and financial news - CNNMoney.com | 23 Jul 2010 | 1:14 pm Manufacturers continue streak of profit beatsBOSTON/NEW YORK (Reuters) - Honeywell International Inc and Ingersoll-Rand Plc raised their 2010 profit forecasts and General Electric Co boosted its dividend in moves that underlined U.S. manufacturers' growing confidence in the economic recovery.
Source: Reuters: Business News | 23 Jul 2010 | 1:14 pm Conrad Black told to stay in USCanadian-born media baron Conrad Black must stay in the US at least until his next court hearing on 16 August.Source: BBC News - Business | 23 Jul 2010 | 1:10 pm Gadgets for good healthGadgets to keep the doctor (or dentist) away.Source: Business and financial news - CNNMoney.com | 23 Jul 2010 | 1:09 pm Dell holds steady after $100 million SEC deal (AFP)
Source: Yahoo! News: Stock Markets News | 23 Jul 2010 | 1:08 pm Who Wants To Be Bill Ackman’s CEO?
* A clear and succinct communicator * Someone who is resourceful and results-oriented, rigorous and organized * High-energy * A laugh-riot (the listing calls for a “sense of humor”) * Ten years of professional experience and, ideally an MBA or MPP (though if your jokes are really killing certain things can be overlooked). Salary is not mentioned but David Einhorn apparently pays his foundation’s CEO about $190,000/year so it’ll probably be along those lines. And of course, something to think about is that, due to the sensitivity of this kind of work, it’s probably something of a prerequisite that you be someone who isn’t made uncomfortable by the sight of male tears (Unevolved Times writers need not apply!) Pershing’s Ackman Seeks Charity CEO [Reuters]
Source: Dealbreaker | 23 Jul 2010 | 1:08 pm Market cynicism greets European Union bank stress test resultsEven before Europe's bank stress tests showed only 7 out of 91 had failed, most market commentators said they would not achieve much.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jul 2010 | 1:05 pm UK economic growth jumps to 1.1%The UK's economy grew at a faster-than-expected pace of 1.1% in the April to June period, official figures show.Source: BBC News - Business | 23 Jul 2010 | 1:04 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 | 23 Jul 2010 | 1:00 pm Ocado hit by hedge fund shortsA group of London-based hedge funds have taken out large naked short positions in Ocado before the shares have even started trading properly.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jul 2010 | 12:54 pm Seven EU banks fail stress testsSeven out of 91 European banks have failed stress tests designed to assess the health of the EU's banking system.Source: BBC News - Business | 23 Jul 2010 | 12:48 pm Bankers overpaid by $1.6bn during crisisCitigroup, Bank of America and 15 other bailed-out financial services companies overpaid their top executives by $1.6bn during the height of the financial crisis, according to a review by the White House’s special master on Wall Street compensationSource: Financial Times - US homepage | 23 Jul 2010 | 12:47 pm US pay tzar Kenneth Feinberg rules Wall St 'ill-advised' to pay bonuses during crisisKenneth Feinberg rules bonus and pay for to top Wall Street bankers at the height of the financial crisis were "ill-advised".Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 23 Jul 2010 | 12:40 pm Seven banks fail EU stress testsOnly seven out of 91 European banks failed a long-awaited stress test, a result that risks undermining the credibility of an exercise designed to restore the market’s confidence in the eurozone banking sectorSource: Financial Times - US homepage | 23 Jul 2010 | 12:16 pm Looking at Genzyme’s Peers for ‘Other Buyout Candidate’ Probabilities (GENZ, SNY, GILD, CELG, BIIB, LIFE, HGSI, DNDN)Genzyme Corporation (NASDAQ: GENZ) is flying high on reports that Sanofi-Aventis (NYSE: SNY) may have an interest in the company. The WSJ reports that the large drug giant has approached what was the #5 biotech on NASDAQ by market cap, now #4, about an acquisition. This is all informal as of now, but when one [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Jul 2010 | 12:15 pm Senators urge Obama on climateSenior US Democrats said they would soldier on with their attempts to forge a bipartisan consensus on climate change even though the party’s Senate leadership on Thursday scrapped plans for a vote in 2010, saying they did not have the numbersSource: Financial Times - US homepage | 23 Jul 2010 | 12:06 pm Lake Las Vegas, General Growth: Bloomberg Bankruptcy ReviewSource: Bloomberg - All Podcasts | 23 Jul 2010 | 12:05 pm Smart Grid and Energy Efficient Technologies Boost Earnings for Established Companies (JCI, HON, XIDE, WMT)While there are a lot of small companies vying for market share in the rapidly-growing alternative energy sphere, they’re not the only players in the game. Two established players reported earnings this morning that testify to the growth that is just beginning for companies that don’t build windmills or solar panels. Johnson Controls Inc. (NYSE: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Jul 2010 | 11:55 am Dell agrees to pay $138mWASHINGTON: Computer maker Dell is paying US$100 million ($138 million) to settle civil charges that it fraudulently used payments from Intel to pump up its profits to meet Wall Street targets over five years, the Government announced...Source: nzherald.co.nz - Business | 23 Jul 2010 | 11:50 am 'Downstream, Death of the Mighty Colorado'Kai Ryssdal talks to photographer Brian Frank about his travels along the Colorado River, where he photographed the impact of overpopulation, pollution, damming, global warming and apathy on the river and the communities that relied on it.Source: Marketplace | 23 Jul 2010 | 11:29 am Weekly Wrap: Ben Bernanke's optimism, Barofsky and corporate bonusesKai Ryssdal talks to Heidi Moore from the Big Money and Sudeep Reddy from the Wall Street Journal about the newly signed financial reform bill, Ben Bernanke was on the Hill, the TARP czar gave us his two-cents, and some executives received big fat bonuses.Source: Marketplace | 23 Jul 2010 | 11:29 am For-profit school ads mislead mothersThe ads often have distracting animations and the promise of an education program from the Obama administration specifically for single moms. Untrue, but the ads aren't necessarily the faults of the schools that they advertise for, but the "lead generators" that they employ to advertise for them.Source: Marketplace | 23 Jul 2010 | 11:29 am Pay czar's report finds many 'ill-advised' bonuses on Wall StreetPay czar Kenneth Feinberg rebuked Wall Street firms for paying out generous bonuses, even as the firms faced insolvency. Wall Streeters probably aren't hanging their heads in shame, but federal regulators may take his words into account when drafting laws on executive compensation.Source: Marketplace | 23 Jul 2010 | 11:29 am Treasury hires Morgan Stanley to handle Citigroup sharesThe Treasury is selling Citigroup shares, as the company's way of owing its TARP money, and hired Morgan Stanley to manage the shares for them -- and to help the brokerage out. Marketplace's Nancy Marshall Genzer reports.Source: Marketplace | 23 Jul 2010 | 11:29 am Were the E.U. bank stress tests too easy?European banks underwent "stress tests," to restore trust in the European banking system during the debt crisis, but some question if the tests were rigorous enough.Source: Marketplace | 23 Jul 2010 | 11:29 am Chancellor 'cautiously optimistic' on GDPChancellor George Osborne has said he is "cautiously optimistic" about UK economic growth figures.Source: BBC News - Business | 23 Jul 2010 | 11:26 am Asia propels Mangere boomAuckland International Airport Ltd says international passenger traffic at Mangere grew in June, driven by growing traffic from Asia.International passenger traffic, excluding transits, increased 6.7 per cent in June and 2.4 per...Source: nzherald.co.nz - Business | 23 Jul 2010 | 11:20 am Seven European Banks Get Their Name In Bright Lights
The winners hail from Germany (Hypo Real Estate), Greece (ATE Bank) and Spain, which took home home a whopping five medals (Unnim, Diada, Espiga, Banca Civica, and Cajasur). Congrats to all. Bank Of Spain: 4 Cajas Groups Need EUR1.835 Bln From FROB [WSJ]
Source: Dealbreaker | 23 Jul 2010 | 11:14 am Ten CEOs with the Largest Stock Option Grants: $230 Million In CompensationThe following are the ten CEOs who received the largest stock option grants in 2009. Together, they enjoyed gains which totaled $230 million based on their value at at the end of May. The data, tracked by The Corporate Library, has deemed them “mega-grants,” defined as any single grant that exceeds 500,000 options. The appreciation [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Jul 2010 | 11:09 am EU’s Rigged Stress Tests Spare the Public PIIGS (NBG, AIB, IRE, STD, DB, BCS)After watching and looking through the E.U. Stresst Test that was due today, we are so far seeing a rally in all of the banks we had mentioned earlier as banks to watch. It appears as though only 7 of 91 banks involved in these regulatory stress tests failed the E.U. Stress Tests. More importantly, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Jul 2010 | 11:04 am Yin Sees Microsoft `Struggling' With Mobile Devices: AudioSource: Bloomberg - All Podcasts | 23 Jul 2010 | 10:50 am Pain ahead for banks in Spain, says paperMADRID: Several of Spain's 18 savings banks, including some involved in recent mergers, have failed to pass tests to see how strong they would be if economic circumstances were more adverse, El Pais newspaper reports.The Bank...Source: nzherald.co.nz - Business | 23 Jul 2010 | 10:50 am GE Brings Back Dividend & Buybacks, Some May Have Wanted More (GE)General Electric Company (NYSE: GE) could have picked a better time to release what we knew was coming, but at least it is finally here… GE’s board of directors just raised its quarterly dividend. It has also juiced uip the time for share buybacks and repurchases of common stock. This takes the dividend up 20% [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Jul 2010 | 10:37 am Seven Of 91 Europe Banks Would Fail Stress TestsThe Committee of European Banking Supervisors announced that that seven out of 91 European banks failed its stress tests and would have had a Tier 1 capital ratio of less than 6% following an adverse economic scenario and a fall in the value of sovereign bondsT he number is probably better than expected, and one [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Jul 2010 | 10:36 am Bill to respond to oil spillSenate Democrats hope to pass a narrow energy bill next week that responds to the oil spill in the Gulf of Mexico and takes steps to improve energy efficiency, after abandoning plans for a sweeping measure that caps greenhouse gases...Source: nzherald.co.nz - Business | 23 Jul 2010 | 10:20 am This Week’s LinksThe Economists on why governments might not want to create inflation. An interesting American Spectator article on America’s ruling class. Cisco VP Inder Sidhu shares valuable insights in his Doing Both blog. SpeedTrap.org lists speed traps by state and city. Handy, if you happen to like accelerated driving.
Source: Business Pundit | 23 Jul 2010 | 10:09 am Here’s That “Huge” Feinberg Bonus People Were Either Quaking In Their Boots Over Or Not Worrying About At All
Feinberg: Unfair To Ask Firms To Return Payouts [WSJ]
Source: Dealbreaker | 23 Jul 2010 | 10:09 am Surviving when the money dries upA form of financial lockjaw has settled in, as big assets like farms, primary processors, financiers and hotels hunt for new owners.The lack of cash and inability to access capital has caused a type of corporate paralysis, leaving...Source: nzherald.co.nz - Business | 23 Jul 2010 | 10:00 am Air NZ turns guns on airport dealAir New Zealand released an aggressive attack on Auckland International Airport's buy-in to Queenstown Airport, calling the deal "shoddy" and saying airlines should be allowed to invest in the airport as well.The company said...Source: nzherald.co.nz - Business | 23 Jul 2010 | 10:00 am 'Get used to foreign investors'Don't blame the banks for our financial inertia, look to the board rooms and our lack of savings.That is the message from David McLean, Westpac's general manager of wealth, insurance, private and institutional banking.Having...Source: nzherald.co.nz - Business | 23 Jul 2010 | 10:00 am Dreamliner expected in NZ next yearBoeing's hi-tech Dreamliner will fly New Zealand's skies from next year.In May Auckland became the first route to be announced globally for the Dreamliner when Continental Airlines said it planned to start flying non-stop from...Source: nzherald.co.nz - Business | 23 Jul 2010 | 10:00 am Brian Gaynor : Acquisition underlines market shortfallsTwo developments this week, the proposed acquisition of a 51 per cent stake in Synlait Milk by a Chinese company and the takeover offer for NZ Farming Systems Uruguay (NZFSU), underline the inadequacies of our capital markets.The...Source: nzherald.co.nz - Business | 23 Jul 2010 | 10:00 am Ethical investing options limited, conference hearsOpportunities for investing in socially responsible funds are limited, a Council for Socially Responsible Investment (CSRI) conference in Auckland was told.The concept of socially responsible investment was treated so vaguely...Source: nzherald.co.nz - Business | 23 Jul 2010 | 10:00 am Theme Parks: Beyond Disney (Smart Spending)The hottest new park attractions this summer aren't at Mickey's place.
Source: SmartMoney.com | 23 Jul 2010 | 9:55 am RBC's Michael Cloherty Discusses Fed Policy, InflationSource: Bloomberg - All Podcasts | 23 Jul 2010 | 9:51 am Goldman Sachs Is Not Responsible For World Hunger!
Goldman Denies Link With Global Food Crises [Telegraph]
Source: Dealbreaker | 23 Jul 2010 | 9:47 am Which Bank Employee Will Call You In The Morning?
Where To Find Your Perfect Partner [Here is the City via BI]
Source: Dealbreaker | 23 Jul 2010 | 9:23 am Will a Renewed Recession Stall Cars? (Early Bird)Ford earnings pick up, but concerns mount about the economy.
Source: SmartMoney.com | 23 Jul 2010 | 9:02 am This Week’s Weird Jobs
You, too, could get paid for cleaning a keg. Or yanking a chain. Or working for a fat bastard carnie, though that sounds like the worst possible option: 1. CA: Clean/ fix my kegerator My company recently purchased a used 6 tap kegerator for our new office. It needs to be cleaned, the lines flushed, and a few minor things fixed. If you know how to do that, and can do so this week, please contact me. The company kegerator needs repair? Where this guy work? Frat Boys R Us? 2. CA: Need someone to tighten my motorcycle chain; mayble clean it too Let me know how much and your background when it comes to bikes. 3. CA: Looking For Alternative Woman to Teach Me to Sew I have alot of contacts with big rockstars/musicians and we can eventually make stuff for them as well and maybe get some cool exposure. Anyways soo yea maybe i can pay you a lil for your time I wouldnt mind but id love to get a friend out off this or partner down the line. So get back to me with a lil info about you and we can set something up! Find me on facebook I look forward to your email!! Translation: I took advantage of my last girlfriend and have nothing of value to contribute to a relationship. I also have no contact with anyone who is famous or remotely talented. Wanna stay over at my place and cook me breakfast? 4. NY: RE: looking for help running carnival games To all people, this Darin is a fat cheap bastard. You will make a few dollars an hour, and he eats away all of your profits. I have worked for this cheap fat bastard a few times, and I have learned my lesson. So please save yourself the heartache in working for this scumbag, he is not worth it. He always posts this ad, it’s because so many people have quit on him in the past. I had made less $30 in the 8 hours working each time for this loser, which he travels to far away places. It’s a 20% / 80% split on some carnival game the kids will never win on…he is so shady. Good pay? Who is he kidding. Let him give you the 80% then. I’d give all my tickets to watch this carnie fight live. 5. NY: Need an Unconventional Locksmith This time, its in luggage lost by the airline! Not my fault. It’s NOT even a “special” key of any kind. Landlord just being a special kind of !@#$!?**!, and knows its not my fault. Will not ask him for another since I have one inside apt. Anyone? Anyone?…..Bueller? Not sure why an “unconventional” locksmith is needed for a key that is “not even a ‘special’ key of any kind.” Perhaps because the landlord is a “being a special kind of !@#$!?**!” to this poor soul? Anyone? Anyone?…..Bueller? Happy Friday!
Source: Business Pundit | 23 Jul 2010 | 8:35 am Stress test concerns weigh on world markets (AP)
Source: Yahoo! News: Stock Markets News | 23 Jul 2010 | 8:30 am E.U. Bank Stress Tests, Kissing the PIIGS (STD, DB, BCS, NBG, AIB, IRE)The E.U. bank stress tests are due at 12:00 PM EST today, an interesting time considering that the U.S. will be the only active market with shares of those institutions that can be traded in the form of ADRs. Many of the top banks are lower ahead of the reports, partly on concern that the [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Jul 2010 | 8:29 am US Treasury To Dump More Citigroup Shares, Perhaps Fearing The Impact Of Financial ReformThe US Treasury Department may have lost faith in Citigroup (NYSE: C), perhaps due to the way that the new financial reform laws will undermine its earnings. What one hand givith, the other taketh away. The Treasury means to get out of Citi shares before a likely string of bad earnings. The U.S. Department of [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Jul 2010 | 7:16 am Lewis on European Banks, Mellor on Currencies: First WordSource: Bloomberg - All Podcasts | 23 Jul 2010 | 7:11 am Top Day Trader Alerts (AMZN, ARMH, ATHN, C, ETFC, F, ERIC, QLGC, KWK, SNDK)We have many stocks on the move this morning for day traders and active traders to choose from. Most are earnings, but some are not. We have key and standout moves being seen in shares of Amazon.com Inc. (NASDAQ: AMZN), ARM Holdings plc (NASDAQ: ARMH), Athenahealth, Inc. (NASDAQ: ATHN), E*TRADE Financial Corporation (NASDAQ: ETFC), Ford [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Jul 2010 | 7:04 am Top Analyst Upgrades & Downgrades (AGN, ARMH, ATHN, BIDU, CPNO, CRY, ERIC, NOK, PAA, RST, STI, TRV)These are some of the more prominent analyst upgrades and downgrades seen this Friday morning from Wall Street research calls: Allergan Inc. (NYSE: AGN) Started as Outperform at Macquarie. ARM Holdings plc (NASDAQ: ARMH) Raised to Buy at RBS. Athenahealth, Inc. (NASDAQ: ATHN) Raised to Outperform at Baird. Baidu, Inc. (NASDAQ: BIDU) Maintained Buy but [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 23 Jul 2010 | 6:40 am Ford profits hit six-year highThe US carmaker posts its fifth consecutive quarterly profit and expects to hold a net cash position by the end of next year as its operating performance continues to improveSource: Financial Times - US homepage | 23 Jul 2010 | 6:31 am The Truth About Rental Cars
Source: Business Pundit | 23 Jul 2010 | 5:14 am Investing as a Competitive Sport (Money and Your Mind)When it comes to your portfolio, do you want to win, or just not lose?
Source: SmartMoney.com | 23 Jul 2010 | 3:01 am Keeping an Eye on the FrontiersAmit Wadhwaney, portfolio manager at Third Avenue, on foreign markets.
Source: SmartMoney.com | 23 Jul 2010 | 3:01 am This Week in Business Tweets: No Satisfaction (Twitter Beat)The problem with Facebook, Wall Street and fund manager Bill Miller.
Source: SmartMoney.com | 23 Jul 2010 | 3:01 am When to Rebalance Your 401(k) InvestmentsWhen should investors review their allocations? Here are five scenarios.
Source: SmartMoney.com | 23 Jul 2010 | 3:01 am
|
