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Business travel groups bristle at Obama's anti-pollution ideaAlso: Tarmac-delay fines may hurt passengers overall, and don't rely on modesty shields in full-body scanners.President Obama's call for government workers to cut back on driving and travel to reduce air pollution has angered business travel leaders who say he is once again hurting the travel industry.
Source: L.A. Times - Business | 27 Jul 2010 | 1:00 am European markets flat after stress test results (AP)
Source: Yahoo! News: Stock Markets News | 26 Jul 2010 | 4:10 am Leaks expose Afghan war secretsA trove of 90,000 leaked US military documents paints an unvarnished picture of the war in Afghanistan, revealing new accounts of civilian deaths, covert American operations targetting insurgents and Pakistani support for the TalibanSource: Financial Times - US homepage | 26 Jul 2010 | 4:10 am Reforming the Minerals Management ServiceThe government was supposed to keep an eye on offshore oil drilling, it was supposed to make sure nothing went wrong.Source: Business and financial news - CNNMoney.com | 26 Jul 2010 | 4:03 am Data and earnings eclipse stress tests (Reuters)
Source: Yahoo! News: Business News | 26 Jul 2010 | 4:03 am Indications: Stock futures waver as focus returns to earningsTraders' focus returns to second-quarter earnings season now that European bank stress-test results are out of the way.
Source: MarketWatch.com - Top Stories | 26 Jul 2010 | 4:00 am Out of work. Waiting for a 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 | 26 Jul 2010 | 3:59 am First look at BP's financials post-spillBP is set to report its second-quarter financial results on Tuesday, and by anyone's measure it's been a bruising period for the company.Source: Business and financial news - CNNMoney.com | 26 Jul 2010 | 3:56 am Morrisons to hand out 24,000 diplomasMore than 24,000 WM Morrisons' staff will graduate from the supermarket's training academy this week becoming officially qualified as bakers, butchers, greengrocers and fishmongers.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Jul 2010 | 3:54 am Counting the cost of following fund fashionsFund managers just love to entice investors with newfangled funds. But are they fab or just a fad?Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Jul 2010 | 3:48 am Asia stocks rise after Europe 'stress tests' (AFP)
Source: Yahoo! News: Stock Markets News | 26 Jul 2010 | 3:46 am BP boss Hayward 'to stand down'BP's chief executive Tony Hayward is expected to stand down following widespread criticism of his handling of the Gulf of Mexico oil spill.Source: BBC News - Business | 26 Jul 2010 | 3:45 am Stock futures down as investors take a break (Reuters)
Source: Yahoo! News: Business News | 26 Jul 2010 | 3:45 am Stock futures down as investors take a break (Reuters)
Source: Yahoo! News: Stock Markets News | 26 Jul 2010 | 3:45 am Stock futures down as investors take a breakNEW YORK (Reuters) - Stock index futures pointed to a slightly lower open on Wall Street on Monday, as investors take a breather following last week's strong gains sparked by a flurry of reassuring company earnings.
Source: Reuters: Business News | 26 Jul 2010 | 3:45 am Fantastic Plastiki: Boat of bottles reaches SydneyBoat made entirely of recycled plastic bottles completes its four-month voyage from San Francisco to Sydney.
Source: MarketWatch.com - Top Stories | 26 Jul 2010 | 3:39 am Could American take over Britain's BP? (AP)
Source: Yahoo! News: Business News | 26 Jul 2010 | 3:33 am Tony Hayward’s Firing At BP: The Ghost Of Former CEO Lord BrowneBP plc’s (NYSE: BP) CEO Tony Hayward, who is about to be sacked by the big oil company, has only been in his position for a bit over two years. That raises the issue whether he could possibly be responsible for the culture that caused the mistakes on the Deepwater Horizon rig and whether much [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Jul 2010 | 3:33 am Pace to buy US broadband companyUK set-top box maker Pace is to buy US broadband technology firm 2Wire for $475m.Source: BBC News - Business | 26 Jul 2010 | 3:32 am Wall Street Communications Retained by iPharro MediaSource: RSS feed - channel BNewsBusiness | 26 Jul 2010 | 3:30 am Europe bank test transparency gets cautious thumbs-upLONDON/SINGAPORE (Reuters) - Investors gave European banks the benefit of the doubt on Monday over stress tests that prompted more transparency from Spanish banks needing to raise capital than from German banks cagey about sovereign debt.
Source: Reuters: Business News | 26 Jul 2010 | 3:29 am Stock futures down; new home sales data eyedNEW YORK (Reuters) - Stock index futures pointed to a slightly lower open on Wall Street on Monday, as investors take a breather following last week's strong gains sparked by a flurry of...Source: RSS feed - channel BNewsBusiness | 26 Jul 2010 | 3:22 am Ocado shares flat as trade startsShares in online grocery retailer Ocado remain 20p below their offer price on the first day of official trading.Source: BBC News - Business | 26 Jul 2010 | 3:20 am Stocks shrug off bank stress resultsGlobal Markets Overview: The FTSE All-World index is up 0.2 per cent after Asian markets were higher, but European equities have squandered opening gains. The euro is also wobbly, off its peak near $1.30Source: Financial Times - US homepage | 26 Jul 2010 | 3:16 am Deutsche Bank slips as tests lift most lendersMarkets gave a cautious thumbs-up to the European bank stress tests Monday, though Deutsche Bank shares declined after it was among a handful of lenders that didn’t provide all the figures analysts had sought.
Source: MarketWatch.com - Top Stories | 26 Jul 2010 | 3:12 am Europe Markets: Banks outperform in Europe amid stress-test reliefInvestors take their first chance to react to news that only a handful of lenders failed the European stress tests.
Source: MarketWatch.com - Top Stories | 26 Jul 2010 | 3:11 am Europe bank test transparency gets cautious thumbs-up (Reuters)Reuters - Investors gave European banks the benefit of the doubt on Monday over stress tests that prompted more transparency from Spanish banks needing to raise capital than from German banks cagey about sovereign debt.Source: Yahoo! News: Business News | 26 Jul 2010 | 3:09 am Retailers get ready ChristmasRetailers say that even in July there is a demand for Christmas goods.Source: BBC News - Business | 26 Jul 2010 | 3:06 am Bank shares up after stress testsBank shares rise across Europe as stock markets gave a largely positive response to Friday's stress tests.Source: BBC News - Business | 26 Jul 2010 | 3:06 am CEO Interview: Andrew Liveris, Dow Chemical (The Corner Office)Andrew Liveris has revamped the company with a lot of effort and a little luck.
Source: SmartMoney.com | 26 Jul 2010 | 3:01 am Recent Rally Could Usher in More Swings (Pundit Watch)Strong earnings and stress test results still leave questions for investors.
Source: SmartMoney.com | 26 Jul 2010 | 3:01 am A Housing Shortage on the Horizon?Some say the slow pace of construction could lead to housing shortages.
Source: SmartMoney.com | 26 Jul 2010 | 3:01 am Last-Chance Summer Vacation Deals (Deal of the Day)Labor Day is just around the corner. Where to travel for bargains.
Source: SmartMoney.com | 26 Jul 2010 | 3:00 am The Biggest Companies You’ve Never Heard Of…And What They DoThe great majority of the largest companies in America are easily identified by name by most consumers. That is because their names match one or more of their most important brands. McDonald’s in in the fast food business. It is its own largest brand. The same is true for Ford, or Google or AT&T. But [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Jul 2010 | 2:57 am London Markets: Gains for banks, BP help limit downside in LondonInvestors in Europe react to the test of banks' capital strength and oil giant BP gains ground, helping limit downside for the top British share index.
Source: MarketWatch.com - Top Stories | 26 Jul 2010 | 2:56 am Debt fears hit Connaught sharesShares in social housing firm Connaught slump 76% after it says it had identified an "urgent" need for extra funds.Source: BBC News - Business | 26 Jul 2010 | 2:52 am BP board to rule on fate of CEO Hayward MondayBP Plc said Monday it will debate the fate of embattled Chief Executive Tony Hayward at a board meeting this evening but stressed that no final decision has been made.
Source: MarketWatch.com - Top Stories | 26 Jul 2010 | 2:51 am Data, earnings eclipse stress testsLONDON (Reuters) - Robust U.S. company earnings and surprisingly vigorous euro zone economic data generally trumped investor skepticism about European bank stress tests on Monday to lift global stocks and bolster the euro against the dollar
Source: Reuters: Business News | 26 Jul 2010 | 2:44 am Can we afford tax hikes for the rich?Would making the rich pay higher taxes next year hurt the economy?Source: Business and financial news - CNNMoney.com | 26 Jul 2010 | 2:38 am 24/7 Wall St.’s Corporate Power Rankings: Week 28The 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 McDonald’s moved into the top slot due [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Jul 2010 | 2:32 am Madoff trustee plans more lawsuits: reportBangalore (Reuters) - Irving Picard, the court-appointed trustee overseeing the liquidation of Bernard Madoff's investment firm, is preparing to file new lawsuits to recover funds from investors who were also duped by the Ponzi scheme, the Wall Street Journal said.
Source: Reuters: Business News | 26 Jul 2010 | 2:26 am Madoff trustee plans more lawsuits: report (Reuters)Reuters - Irving Picard, the court-appointed trustee overseeing the liquidation of Bernard Madoff's investment firm, is preparing to file new lawsuits to recover funds from investors who were also duped by the Ponzi scheme, the Wall Street Journal said.Source: Yahoo! News: Business News | 26 Jul 2010 | 2:26 am BP board to meet as reports say CEO is outBP's board is planning to meet Monday evening, as reports swirl about the imminent departure of embattled CEO Tony Hayward.Source: Business and financial news - CNNMoney.com | 26 Jul 2010 | 2:26 am Stocks set for weak openU.S. stocks were set for a lackluster start Monday, as investors braced for another round of earnings due out later this week.Source: Business and financial news - CNNMoney.com | 26 Jul 2010 | 2:25 am Reckitt Benckiser grows profit, backs outlookConsumer-products firm reports higher second-quarter profit and stands by its targets for the year on strong demand in developing markets.
Source: MarketWatch.com - Top Stories | 26 Jul 2010 | 2:21 am UPDATE 2-Pearson sharpens outlook; digital services boost H1* Adjusted operating profit up 79 pct to 178 million poundsSource: RSS feed - channel BNewsBusiness | 26 Jul 2010 | 2:20 am UPDATE 1-Sohu Q2 profit dips slightly, but beats forecasts* Sees Q3 revenue $153-$158 mln vs Street f'cast $155 mln (Adds detail)Source: RSS feed - channel BNewsBusiness | 26 Jul 2010 | 2:10 am NEWSMAKER-BP's diplomat Dudley in line to become CEOLONDON, July 26 (Reuters) - BP Plc is expected to announce in the next 24 hours that Chief Executive Tony Hayward will step down and be replaced by Bob Dudley, a soft-spoken American unlikely to repeat...Source: RSS feed - channel BNewsBusiness | 26 Jul 2010 | 2:05 am The Conference Board Leading Economic Index (LEI) for the Euro Area Increased in June, Following a Decline in MaySource: RSS feed - channel BNewsBusiness | 26 Jul 2010 | 2:00 am Smart Water Management Market in North America - Investment OpportunitiesSource: RSS feed - channel BNewsBusiness | 26 Jul 2010 | 2:00 am Media Digest 7/26/2010 Reuters, WSJ, NYTimes, FT, BloombergMarketWatch: A number of economists now expect Q2 GDP to be below 2%. Reuters: BP plc’s (NYSE: BP) CEO Tony Hayward is expected to resign. Reuters: Hayward will leave with $10 million. Reuters: Europe’s economic prospects are improving as those in the US drop. Reuters: Google’s (NASDAQ: GOOG) market share in China is down amid [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 26 Jul 2010 | 1:59 am Pearson H1 profit more than trebles (AP)AP - Pearson PLC said Monday that first half profit more than trebled to 92 million pounds ($142 million), beating market forecasts and boosting the full year outlook, as revenue rose at the Financial Times, Penguin Books and educational publications.Source: Yahoo! News: Business News | 26 Jul 2010 | 1:58 am Pearson H1 profit more than treblesPearson PLC said Monday that first half profit more than trebled to 92 million pounds ($142 million), beating market forecasts and boosting the full year outlook, as revenue rose at the...Source: RSS feed - channel BNewsBusiness | 26 Jul 2010 | 1:58 am Stocks shrug off bank stress resultsMonday 8:20 BST. Risky assets are on the march, following the resounding shrug that greeted the European bank stress tests released last Friday. The euro and equities are adding their modest rally...Source: RSS feed - channel BNPaperBusiness | 26 Jul 2010 | 1:58 am UPDATE 1-Cosmo sees lower Aug-Sept crude runs on poor demand* Aug-Sept crude refining seen down 10.2 pct at 412,000 bpdSource: RSS feed - channel BNewsBusiness | 26 Jul 2010 | 1:56 am Peter Brimelow: Crawford: Apocalypse begins MondayIs 'all hell' about to break loose? One veteran letter thinks so -- and it predicted the Crash of 2008.
Source: MarketWatch.com - Top Stories | 26 Jul 2010 | 1:56 am Banks help London shares make progressBanking stocks rose in London on Monday, as European traders got their first chance to react to news that all but seven of the region's banks had passed balance sheet stress tests. The FTSE 100...Source: RSS feed - channel BNPaperBusiness | 26 Jul 2010 | 1:55 am Fortis to be debt free post Parkway stake saleNEW DELHI, July 26 (Reuters) - India's Fortis Healthcare will be debt-free following the sale of its stake in Singapore healthcare firm Parkaway Holdings , Yogesh Sareen, chief financial officer of Fortis...Source: RSS feed - channel BNewsBusiness | 26 Jul 2010 | 1:50 am How financial reform could slow growthEarlier this year, Senator Evan Bayh of Indiana stunned Democrats when he announced that he wouldn't seek reelection in November, making it likelier for his party's command of the Senate to fade come fall.Source: Business and financial news - CNNMoney.com | 26 Jul 2010 | 1:45 am Pearson raises forecast thanks to booming US education businessPearson, the owner of the Financial Times, has raised its profit outlook for this year after its educational business in the US helped drive profits in the first half.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Jul 2010 | 1:37 am FTSE 100 climbs after 'stress-tests' (AFP)
Source: Yahoo! News: Stock Markets News | 26 Jul 2010 | 1:32 am William Hill makes Gibraltar moveBookmaker William Hill is to set up a new telephone betting operation offshore in Gibraltar.Source: BBC News - Business | 26 Jul 2010 | 1:15 am Maruti Suzuki shares drop by 10%Shares in India's Maruti Suzuki, the country's largest carmaker, sink 10% after it reported a 20% fall in quarterly profits.Source: BBC News - Business | 26 Jul 2010 | 1:13 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 | 26 Jul 2010 | 1:01 am Ford to unveil redesigned ExplorerThe SUV that sparked a revolution is lighter and more fuel efficient. Also, like much of its modern competition, it's no longer built on the base of a truck.Long before SUVs drove like cars and appeared in nearly every driveway, the vehicles were built like trucks and used by people who plied the backcountry. Then Ford Motor Co. rolled out its Explorer and forever altered the U.S. auto market.
Source: L.A. Times - Business | 26 Jul 2010 | 1:00 am Hollywood drivers, studios reach contract agreementApproval by Teamsters members comes after last-minute negotiations and averts a possible strike. Hollywood drivers...Source: RSS feed - channel BNPaperBusiness | 26 Jul 2010 | 1:00 am Disney is in talks to buy 'social' game maker PlaydomAmounts discussed for the maker of titles played on such websites as Facebook range from $400 million to $750 million, people familiar with the negotiations say.Walt Disney Co. is looking to become Hollywood's biggest player in the fastest-growing segment of the video game business.
Source: L.A. Times - Business | 26 Jul 2010 | 1:00 am Disney is in talks to buy 'social' game maker PlaydomAmounts discussed for the maker of titles played on such websites as Facebook range from $400 million to $750 million, people familiar with the negotiations say. ...Source: RSS feed - channel BNPaperBusiness | 26 Jul 2010 | 1:00 am Ford to unveil redesigned ExplorerThe SUV that sparked a revolution is lighter and more fuel efficient. Also, like much of its modern competition, it's no longer built on the base of a truck. ...Source: RSS feed - channel BNPaperBusiness | 26 Jul 2010 | 1:00 am U.S. may face deflation, a problem Japan understands too wellEconomists worry that America could be edging closer to the trap that cost the other nation more than a decade of growth. ...Source: RSS feed - channel BNPaperBusiness | 26 Jul 2010 | 1:00 am Social media strategies for a small hotelBusiness Makeover: The owner should understand online social networking, encourage customers to create content, update Facebook more often and use YouTube and Twitter, experts advise. ...Source: RSS feed - channel BNPaperBusiness | 26 Jul 2010 | 1:00 am Geithner urges ending tax cuts for the wealthyThe Treasury secretary says allowing some Bush-era tax breaks to expire will not harm economic recovery and is 'the responsible thing to do.' ...Source: RSS feed - channel BNPaperBusiness | 26 Jul 2010 | 1:00 am Social media strategies for a small hotelBusiness Makeover: The owner should understand online social networking, encourage customers to create content, update Facebook more often and use YouTube and Twitter, experts advise.Back in 1912, when the Venice Beach Suites & Hotel was built on Ocean Front Walk, the only tweeting going on was among the local bird population.
Source: L.A. Times - Business | 26 Jul 2010 | 1:00 am Geithner urges ending tax cuts for the wealthyThe Treasury secretary says allowing some Bush-era tax breaks to expire will not harm economic recovery and is 'the responsible thing to do.'As the White House gears up for a fight to end controversial Bush administration tax cuts, Treasury Secretary Timothy F. Geithner said Sunday that allowing those targeted at the wealthy to expire is "the responsible thing to do" and would not deter economic growth.
Source: L.A. Times - Business | 26 Jul 2010 | 1:00 am U.S. may face deflation, a problem Japan understands too wellEconomists worry that America could be edging closer to the trap that cost the other nation more than a decade of growth.The White House prediction Friday that the deficit would hit a record $1.47 trillion this year poured new fuel on the fiery argument over whether the government should begin cutting back to avoid future inflation or instead keep stimulating the economy to help the still-sputtering recovery.
Source: L.A. Times - Business | 26 Jul 2010 | 1:00 am Hollywood drivers, studios reach contract agreementApproval by Teamsters members comes after last-minute negotiations and averts a possible strike.Hollywood drivers on Sunday accepted a proposed contract from the studios, averting a strike that could have caused widespread disruptions to film and TV production across the country.
Source: L.A. Times - Business | 26 Jul 2010 | 1:00 am Reckitt Benckiser sees profits jumpReckitt Benckiser, the consumer goods company behind brands such as Cillit Bang, reported a jump in second-quarter profits and said it will meet its full-year targets.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Jul 2010 | 12:51 am Can you crack the cyber-crime code?A Britain's Got Talent style competition is being held to find UK's finest IT workers.Source: BBC News - Business | 26 Jul 2010 | 12:45 am BP set to announce Hayward departureBP is poised to announce the departure of Tony Hayward, its chief executive, in the next 24 hours, according to people close to the UK oil companySource: Financial Times - US homepage | 26 Jul 2010 | 12:44 am APN News, Rakon lead sharemarket higherNZ sharemarket rises outnumber declinesThe New Zealand sharemarket had a broad-based rally today with the number of stocks rising nearly three times the number falling.The benchmark NZX-50 index closed up 26.283 points at...Source: nzherald.co.nz - Business | 26 Jul 2010 | 12:34 am China's new rich: The year of the dragonChina's new rich are on a shopping spree in Britain. Neil Tweedie explains what they're snapping up.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Jul 2010 | 12:31 am Thousands of pensioners 'were mis-sold annuities'Lawyer explores possibility of compensation for pensioners.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 26 Jul 2010 | 12:28 am Japan exports rise at slower paceJapanese exports rise but at a slower pace than in recent months, raising questions about the strength of Japan's recovery.Source: BBC News - Business | 26 Jul 2010 | 12:28 am Japan export growth slows; yen rise may hurt aheadTOKYO (Reuters) - Japanese exports rose more than expected in June from a year earlier but the pace of increase slowed for the fourth straight month, a sign the economic recovery may lose steam on moderating overseas demand.
Source: Reuters: Business News | 26 Jul 2010 | 12:13 am NZ dollar holds gainsThe New Zealand dollar spent today trading around a one-week high against a backdrop of firm equity markets and ahead of the Reserve Bank of New Zealand (RBNZ) official cash rate (OCR) decision on Thursday.Around 5pm today the...Source: nzherald.co.nz - Business | 25 Jul 2010 | 11:23 pm TaxWatch: Tax tips for summer workersStudents with summer jobs know by now that a good chunk of the money they earn doesn’t end up in their wallets. Part-time and seasonal workers are subject to the same tax rules as other employees. For many college-age workers, it’s a rude awakening.
Source: MarketWatch.com - Top Stories | 25 Jul 2010 | 11:11 pm Sony to return to operating profit in Q1: reportTOKYO (Reuters) - Sony Corp will likely return to profitability in the April-June quarter, beating market expectations for an operating loss, on solid sales and cost cuts, the Nikkei business daily reported on Monday.
Source: Reuters: Business News | 25 Jul 2010 | 10:32 pm Sony to return to operating profit in Q1: report (Reuters)Reuters - Sony Corp (6758.T) will likely return to profitability in the April-June quarter, beating market expectations for an operating loss, on solid sales and cost cuts, the Nikkei business daily reported on Monday.Source: Yahoo! News: Business News | 25 Jul 2010 | 10:32 pm BP CEO to walk away with $18 million: reportLONDON (Reuters) - BP Chief Executive Tony Hayward will collect a pay and pension package worth at least 11.8 million pounds ($18.03 million) when he steps down from his role at the company, the Times newspaper reported on Sunday.
Source: Reuters: Business News | 25 Jul 2010 | 10:29 pm BP CEO to walk away with $18 million: report (Reuters)
Source: Yahoo! News: Business News | 25 Jul 2010 | 10:29 pm Crafars ordered to hand over agreementThe latest stage in the Crafar saga was played out in the Rotorua District Court today, as the liquidators of the family dairy empire kept up their bid to have the Crafars evicted from their farm.Today the family was ordered to...Source: nzherald.co.nz - Business | 25 Jul 2010 | 8:21 pm Infratil manager in running to buy Port of BrisbaneInfratil's manager HRL Morrison & Co, which has a global infrastructure investment mandate from the New Zealand Superannuation Fund, is leading one of five groups bidding for the Port of Brisbane.The port is being sold by the...Source: nzherald.co.nz - Business | 25 Jul 2010 | 8:00 pm China will open wider to foreign business: ministerBEIJING (Reuters) - Worries that China is throwing up obstacles to foreign business are misplaced, Commerce Minister Chen Deming said in an article published on Monday.
Source: Reuters: Business News | 25 Jul 2010 | 7:31 pm Japan banks likely to post solid Q1 on tradingTOKYO (Reuters) - Japan's three biggest banks are expected to report solid first-quarter results this week, driven by bond trading profits and lower credit costs, but few will see it as a sign of full-fledged recovery as their core lending activities remain sluggish.
Source: Reuters: Business News | 25 Jul 2010 | 7:19 pm Dollar Outlook: Kiwi may gain as rate decision loomsThe New Zealand dollar may advance as traders eschew an out-of-favour greenback and seek growth assets Downunder, where central banks stand ready to raise interest rates and widen the gap with America's record-low benchmark.The...Source: nzherald.co.nz - Business | 25 Jul 2010 | 7:00 pm Big Mac Verdict: UndervaluedThe New Zealand dollar is slightly undervalued, according to the Economist 's latest Big Mac index.The index is its tongue-in-cheek application of the theory of purchasing power parity. At an exchange rate of US71.9c, a Big Mac...Source: nzherald.co.nz - Business | 25 Jul 2010 | 6:30 pm TUANZ wants more separation details from TelecomThe Telecommunications Users Association (Tuanz) wants Telecom to be more open about its plans for voluntary structural separation.The call for Telecom to "declare its hand" came as Tuanz gave guarded acceptance of some changes...Source: nzherald.co.nz - Business | 25 Jul 2010 | 6:00 pm Goldman Sachs May Face Huge Audit By Financial Crisis Inquiry CommissionThe Financial Crisis Inquiry Commission, unhappy about the efforts by Goldman Sachs Group (GS) to give it comprehensive data on its derivatives trading group, may find the information out anyway through an audit. “We have a deep level of questioning about whether we’re getting the straight scoop here and whether Goldman is working with us [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Jul 2010 | 5:47 pm Sick leave - a problem, or hypochondria?There is a well known saying: if it ain't broke, don't fix it... And I can't help but think that it may have some application in relation to the Government's proposed changes to sick leave under the Holidays Act 2003. The current...Source: nzherald.co.nz - Business | 25 Jul 2010 | 5:30 pm NZ shares up in early tradingThe New Zealand sharemarket rose in early trading with Fisher & Paykel Healthcare pulling itself off a nine-month low and Rakon reaching its highest level since early May.Around 10.20am the benchmark NZX-50 index was up 5.75 points...Source: nzherald.co.nz - Business | 25 Jul 2010 | 5:10 pm Fears bank stress tests too weakEuropean regulators have found seven banks need to raise a combined ?3.5 billion ($6.2 billion) of capital, leading analysts to think the stress tests may not have been strict enough."The amount of capital needed is much lower...Source: nzherald.co.nz - Business | 25 Jul 2010 | 5:00 pm Venezuela May Cut US Oil Supply, A Reason For Crude To RallyVenezuela President Hugo Chavez has once again threatened to cut the South American country’s supply of oil to the US, according to a number of news reports. Venezuela has been charged with harboring rebels from neighboring Columbia, which has threatened to retaliate. Columbia is a major ally of the U.S. in the region. “We wouldn’t [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 25 Jul 2010 | 4:26 pm Banks told: lend more or lose bonusesBankers are to be forced to lend to businesses under plans to be outlined by Vince Cable, the Business Secretary.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jul 2010 | 3:48 pm BP boss set to quit with a £10m pensionTony Hayward - much criticised for his handling of the Gulf of Mexico oil spill - will walk away with the severance package even if he quits BP.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jul 2010 | 3:38 pm Apollo exploits loophole to create new bankPrivate equity group Apollo Management will establish a new bank under an obscure provision buried in the US financial regulations signed into law last week.Source: Financial Times - US homepage | 25 Jul 2010 | 3:36 pm European banks brace for reaction to stress testsEurope's banks face the only test that matters this week as global investors issue their verdict on eurozone lenders following the stress test results published by EU regulators late on Friday.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jul 2010 | 3:27 pm Germany accused of reneging on bank testsEuropean regulators hit out at Germany and its banks saying they reneged on a deal to publish full details of sovereign debt holdings as part of the EU-wide stress testsSource: Financial Times - US homepage | 25 Jul 2010 | 3:15 pm Goldman threatened with auditGoldman Sachs is facing a threat by the Financial Crisis Inquiry Commission to hire outside accountants to comb through the bank’s systems for data on its derivatives business, the panel’s chairman has saidSource: Financial Times - US homepage | 25 Jul 2010 | 3:06 pm Dudley poised to replace Tony Hayward as BP chiefBob Dudley is set to be named as the new BP chief within 24 hours as the company launches the fight to repair its reputation and finances.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 25 Jul 2010 | 2:52 pm Survey: Gas prices barely rise in 2-week span (AP)
Source: Yahoo! News: Business News | 25 Jul 2010 | 2:07 pm China gas growth to hit western groupsInternational energy groups are set to miss out on billions of dollars of future sales during the next decade as China, their most voracious customer, aggressively develops its own large gas reservesSource: Financial Times - US homepage | 25 Jul 2010 | 2:04 pm Uncle Sam has worse woes than GreeceThe spectre of Greek default continues to rattle global financial markets. Greek long-term government bond yields are running 700 basis points above comparable US Treasuries. The inference is that America...Source: RSS feed - channel BNPaperBusiness | 25 Jul 2010 | 1:24 pm Thriving China is ever more open for businessFor the past year, China has expanded domestic demand and worked to attract foreign investment, contributing to the global recovery. However, concerns have recently been floated, not least among foreign...Source: RSS feed - channel BNPaperBusiness | 25 Jul 2010 | 1:13 pm Obama hits road to restore ratingsBarack Obama takes to the road again this week on a ‘summer of recovery’ drive amid concern that the White House has lost the political narrative over its handling of the economySource: Financial Times - US homepage | 25 Jul 2010 | 12:39 pm Market will 'drift for the rest of summer'As a strong July draws to a close, the earnings reporting period is just heating up, with 157 of the biggest companies in the country due to open their books in the week ahead.Source: Business and financial news - CNNMoney.com | 25 Jul 2010 | 12:14 pm Box office: 'Inception' on top again, beating the opening of 'Salt'"Inception" has achieved that rarest of box-office dreams: a big-budget event movie that's a word-of-mouth phenomenon.
Source: L.A. Times - Business | 25 Jul 2010 | 11:57 am Merger arbitrage funds eye takeover revivalInvestors are rushing to put money into merger arbitrage funds ahead of an expected recovery in dealmaking in spite of growing fears for the health of western economiesSource: Financial Times - US homepage | 25 Jul 2010 | 11:22 am How profits, stocks can rise as economy stumbles (AP)AP - With earnings season in full swing, bulls and bears are combing through reports to arm themselves in what's become the mother of all stock market debates: Does the recovery gain steam, sending shares aloft? Or does it remain sluggish, or even stall, and push them down further?Source: Yahoo! News: Stock Markets News | 25 Jul 2010 | 11:01 am Stocks on brink of breakout (Reuters)
Source: Yahoo! News: Stock Markets News | 25 Jul 2010 | 10:09 am No new recession, let tax cuts die: GeithnerWASHINGTON (Reuters) - The economy is not likely to slip back into recession but letting tax cuts for the wealthiest Americans expire is necessary to show commitment to cutting budget deficits, Treasury Secretary Timothy Geithner said on Sunday.
Source: Reuters: Business News | 25 Jul 2010 | 10:03 am Toyota to post Q1 operating profit of $1.1 billion: Nikkei (Reuters)
Source: Yahoo! News: Stock Markets News | 25 Jul 2010 | 9:07 am Best paying college degreesAttending school in California and becoming an engineering major can really pay off for college graduates -- by thousands of dollars a year.Source: Business and financial news - CNNMoney.com | 25 Jul 2010 | 6:12 am Turkey throws lifeline to IranTurkey could emerge as a new safety net for Iranian business as the government insists that it will abide by UN sanctions, but not the more sweeping restrictions imposed on Tehran by the US and the European UnionSource: Financial Times - US homepage | 25 Jul 2010 | 5:21 am 7 Funds Laying Odds on Health Care (Screens)These funds are the top performers in a badly beaten up category.
Source: SmartMoney.com | 25 Jul 2010 | 3:00 am
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