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Auto Review: 2011 Ford Explorer: Complete makeoverThe 2011 Ford Explorer truly is all new, and not just in the Detroit sense of the term. The 2011 will have a unitized body instead of the old truck-like body-on-frame. How many consumers do you think care about that, I wonder?
Source: MarketWatch.com - Top Stories | 31 Jul 2010 | 4:01 am Auto Review: 2011 Mercedes Benz E550 Cabriolet: Handles it allThe 2011 Mercedes Benz E550 Cabriolet in unruffled by Mother Nature and you get the feeling it will handle anything that you can throw at it on the road. But the great engineering doesn't come cheap.
Source: MarketWatch.com - Top Stories | 31 Jul 2010 | 4:01 am BP may sell German gas stations for $2.6 billionVIENNA (Reuters) - BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans.
Source: Reuters: Business News | 31 Jul 2010 | 3:59 am BP may sell German gas stations for $2.6 billion (Reuters)Reuters - BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans.Source: Yahoo! News: Business News | 31 Jul 2010 | 3:59 am Debris in relief well sets back work on gusher (AP)
Source: Yahoo! News: Business News | 31 Jul 2010 | 3:57 am Addresses set to lose county nameCounties appear set to be dropped from postal addresses in future years after complaints about out-of-date names.Source: BBC News - Business | 31 Jul 2010 | 2:07 am Debris in relief well sets back work on gusherTropical Storm Bonnie left crews working to plug the Gulf oil gusher a little memento that is expected to push their work back about a day. Crews found debris in the bottom of the reliefSource: RSS feed - channel BNewsBusiness | 31 Jul 2010 | 2:00 am Fuel stalemate in Greece as truckers refuse to end strikeGreeks and foreign visitors alike faced a fuel stalemate on Saturday from a six-day trucker strike that has severely disrupted gasoline supplies at the peak of the busy tourist season. ...Source: RSS feed - channel BNewsBusiness | 31 Jul 2010 | 1:59 am House approves oil spill bill; stalled in SenateThe House has approved a bill to boost safety standards for offshore drilling and remove a liability cap for oil spills, but a partisan fight in the Senate will likely delay action on a...Source: RSS feed - channel BNewsBusiness | 31 Jul 2010 | 1:42 am ABC Family executive Paul Lee elevated to president of ABC EntertainmentHe takes over for Steve McPherson, who abruptly stepped down this week.Paul Lee, the executive who revived Walt Disney Co.'s moribund ABC Family channel with shows that appealed to the sensibilities of the millennial generation, was elevated Friday to president of ABC Entertainment Group.
Source: L.A. Times - Business | 31 Jul 2010 | 1:00 am Ocean shipping lines cut speed to save fuel costs'Slow steaming' upsets some customers, who worry about delays in delivery. But it also keeps more ships in service and lowers emissions.On the high seas, full speed ahead is being replaced by slow and steady.
Source: L.A. Times - Business | 31 Jul 2010 | 1:00 am Chinese censors take notice of Twitter-style blogsThe popular personal websites were an unexpected advance in freedom of expression. But this month, four major portals went 'down for maintenance.'Chinese censors blocked access to Facebook and Twitter a year ago for fear the foreign sites could be used to sow political unrest. Now it appears they're taking aim at the popular Chinese imitators that filled the void.
Source: L.A. Times - Business | 31 Jul 2010 | 1:00 am NBC acknowledges mistakes, promises stronger prime-time lineupNBC executives, meeting with TV critics for the first time since the Jay Leno-Conan O'Brien debacle, offer an array of scripted shows for the fall instead of relying on cost-cutting gimmicks.Top NBC executives said they have learned their lesson and are trying to build a high-quality prime-time schedule to finally dig themselves out of their programming hole.
Source: L.A. Times - Business | 31 Jul 2010 | 1:00 am Bond-buying binge isn't exactly like the dot-com stock boom, but …Greed motivated tech-stock buyers in the late '90s. Fear is behind the current rush into bonds. Now, as then, raw emotion is driving investors. It's a dangerous thing to have in common.At the end of the dot-com stock boom in late 1999 and early 2000, it was harder and harder to find someone to say that buying into that mania was a mistake.
Source: L.A. Times - Business | 31 Jul 2010 | 1:00 am Desperate for capital, small businesses turn to private lendersBusiness owners turned down by banks are taking out 'hard money' loans, often at sky-high interest rates.With financial help for the nation's small businesses locked in a congressional imbroglio and bank loans still tough to get, many smaller firms are turning reluctantly to high-dollar lenders of last resort.
Source: L.A. Times - Business | 31 Jul 2010 | 1:00 am GM to increase Chevy Volt production by 50%GM says it aims to increase production of the electric vehicle to 45,000 in 2012. It says the Volt will be available in seven states in December. Nissan says its electric Leaf will be available in five states, including California, in December.Counting on an eager — and large — fan base for the Chevrolet Volt, General Motors Co. announced Friday that it planned to boost U.S. production of the electric car by 50%.
Source: L.A. Times - Business | 31 Jul 2010 | 1:00 am New Century ex-leaders to pay $90 million in settlementsFormer executives settle civil claims stemming from the collapse of the Irvine-based subprime lender.Thirteen former officers and directors of New Century Financial Corp. agreed to pay more than $90 million to settle all civil claims in a series of federal and private lawsuits stemming from the collapse of the Irvine subprime lender in the early stages of the mortgage meltdown.
Source: L.A. Times - Business | 31 Jul 2010 | 1:00 am Steep decline in GDP growth raises alarmsCorporations flourish in the second quarter but won't for much longer if consumer spending remains weak, economists say.U.S. economic growth slowed sharply in the spring, stoking concerns about a weak job market, a drawn-out struggle for the unemployed and growing financial pressures on millions of American families.
Source: L.A. Times - Business | 31 Jul 2010 | 1:00 am Google's data collection harmless, Britain saysAuthorities agree that information captured by Google's Street View fleet is fragmentary and can't be linked to identifiable people. The Internet giant faces similar scrutiny in the U.S.In the United States, Google Inc. is defending itself against lawsuits, a congressional probe and a 37-state investigation over personal information the Internet giant collected from unsecured wireless networks while assembling photos and data for its Street View mapping service.
Source: L.A. Times - Business | 31 Jul 2010 | 1:00 am Bond-buying binge isn't exactly like the dot-com stock boom, but …Greed motivated tech-stock buyers in the late '90s. Fear is behind the current rush into bonds. Now, as then, raw emotion is driving investors. It's a dangerous thing to have in common. ...Source: RSS feed - channel BNPaperBusiness | 31 Jul 2010 | 1:00 am New Century ex-leaders to pay $90 million in settlementsFormer executives settle civil claims stemming from the collapse of the Irvine-based subprime lender. Thirteen...Source: RSS feed - channel BNPaperBusiness | 31 Jul 2010 | 1:00 am Chinese censors take notice of Twitter-style blogsThe popular personal websites were an unexpected advance in freedom of expression. But this month, four major portals went 'down for maintenance.' ...Source: RSS feed - channel BNPaperBusiness | 31 Jul 2010 | 1:00 am Ocean shipping lines cut speed to save fuel costs'Slow steaming' upsets some customers, who worry about delays in delivery. But it also keeps more ships in service and lowers emissions. ...Source: RSS feed - channel BNPaperBusiness | 31 Jul 2010 | 1:00 am ABC Family executive Paul Lee elevated to president of ABC EntertainmentHe takes over for Steve McPherson, who abruptly stepped down this week. Paul Lee, the executive who revived Walt...Source: RSS feed - channel BNPaperBusiness | 31 Jul 2010 | 1:00 am Steep decline in GDP growth raises alarmsCorporations flourish in the second quarter but won't for much longer if consumer spending remains weak, economists say. ...Source: RSS feed - channel BNPaperBusiness | 31 Jul 2010 | 1:00 am GM to increase Chevy Volt production by 50%GM says it aims to increase production of the electric vehicle to 45,000 in 2012. It says the Volt will be available in seven states in December. Nissan says its electric Leaf will be available in five...Source: RSS feed - channel BNPaperBusiness | 31 Jul 2010 | 1:00 am Google's data collection harmless, Britain saysAuthorities agree that information captured by Google's Street View fleet is fragmentary and can't be linked to identifiable people. The Internet giant faces similar scrutiny in the U.S. ...Source: RSS feed - channel BNPaperBusiness | 31 Jul 2010 | 1:00 am NBC acknowledges mistakes, promises stronger prime-time lineupNBC executives, meeting with TV critics for the first time since the Jay Leno-Conan O'Brien debacle, offer an array of scripted shows for the fall instead of relying on cost-cutting gimmicks. ...Source: RSS feed - channel BNPaperBusiness | 31 Jul 2010 | 1:00 am Chevron's second-quarter profit triplesIt reports a net income of $5.4 billion, beating analyst expectations and continuing a strong week for big oil firms. ...Source: RSS feed - channel BNPaperBusiness | 31 Jul 2010 | 1:00 am India's Infotel raises $500 mln from RBS consortium - paperMUMBAI, July 31 (Reuters) - Infotel Broadband Services, owned by India's largest firm by market value Reliance Industries , has raised $500 million in loans from a Royal Bank of Scotland led consortium,...Source: RSS feed - channel BNewsBusiness | 30 Jul 2010 | 11:16 pm Market Snapshot: U.S. stock market to continue balancing actThe U.S. stock market is likely to continue pulling risk on and off the table in the days ahead, with another heavy round of earnings reports in store, along will a full slate of data on the economy, employment in particular.
Source: MarketWatch.com - Top Stories | 30 Jul 2010 | 10:01 pm Outside the Box: China's challenge is our challengeAmericans won’t be spectators in China’s coming changes -- we will be deeply involved, whether we like it or not, writes Howard Gold.
Source: MarketWatch.com - Top Stories | 30 Jul 2010 | 10:01 pm Out of pilots, Philippine airline grounds flightsGood morning, passengers, and welcome aboard. We're expecting clear skies today, but we're out of pilots. National air carrier Philippine Airlines had to cancel at least five flights...Source: RSS feed - channel BNewsBusiness | 30 Jul 2010 | 9:34 pm Fran O'Sullivan : No winners in workplace rowPrime Minister John Key and Council of Trade Unions boss Helen Kelly are both experienced brinksmanship players.But the high stakes row between Key and Kelly over the Government's plan to toughen up on union access to the workplace...Source: nzherald.co.nz - Business | 30 Jul 2010 | 9:30 pm TransCanada reports bids from "major' playersANCHORAGE, Alaska, July 30 (Reuters) - TransCanada Corp said late Friday it has received bids from several companies interested in shipping natural gas on a 1,700-mile (2,735-km) pipeline it proposes...Source: RSS feed - channel BNewsBusiness | 30 Jul 2010 | 8:38 pm Wealthy Dallas brothers become SEC fraud target (AP)
Source: Yahoo! News: Stock Markets News | 30 Jul 2010 | 8:31 pm Suit blames Mets owners for Madoff-related lossesNEW YORK - The owners of the New York Mets should be held accountable for letting their workers put more than $16 million into retirement investment accounts controlled by jailed financier Bernard Madoff, a widow said in a lawsuit...Source: nzherald.co.nz - Business | 30 Jul 2010 | 8:21 pm Regulators close banks in Fla., Ga., Ore., Wash.Regulators have shut banks in Florida, Georgia, Oregon and Washington, lifting to 108 the number of U.S. banks to fail this year as the industry has struggled to cope with mounting loan...Source: RSS feed - channel BNewsBusiness | 30 Jul 2010 | 7:27 pm Heritage Bank Acquires Banking Operations of Cowlitz Bank of Longview, WashingtonSource: RSS feed - channel BNewsBusiness | 30 Jul 2010 | 7:16 pm Reliance, Universal near deal on India park-FTSINGAPORE, July 31 (Reuters) - Indian billionaire Anil Ambani's entertainment group is close to signing an agreement with Universal Studios to build a $1.5 billion film-themed amusement park, the Financial...Source: RSS feed - channel BNewsBusiness | 30 Jul 2010 | 7:13 pm Gov: 'Significant progress' in Mich. oil cleanupMichigan Gov. Jennifer Granholm says there has been "significant progress" in cleaning up an oil spill in the Kalamazoo River. Granholm says that a Friday helicopter tour over the spill...Source: RSS feed - channel BNewsBusiness | 30 Jul 2010 | 7:07 pm FDIC gets into the securitization businessThe FDIC usually sells failed banks to other lenders as quickly as possible; the process leaves the FDIC with lots of loans, which are sold at regular auctions. But the financial crisis has been so severe that the agency is trying other ways to unload these assets.
Source: MarketWatch.com - Top Stories | 30 Jul 2010 | 6:21 pm Analysts encouraged by Microsoft's cloud progressAnalysts come away from Microsoft’s annual gathering encouraged by the company’s progress in adapting to a market in which software applications are increasingly delivered online.
Source: MarketWatch.com - Top Stories | 30 Jul 2010 | 6:09 pm Wall Street marks best month in a year in JulyNEW YORK (Reuters) - U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.
Source: Reuters: Business News | 30 Jul 2010 | 6:06 pm Emerging Markets Report: Emerging markets, on healing path, climb in JulyBrazilian, Russian and Turkish stocks stand out from their emerging-market rivals in July, helping push the investment class to its best gain in four months as panic over European debt loads subsided.
Source: MarketWatch.com - Top Stories | 30 Jul 2010 | 5:59 pm Best and worst U.S. stocks in JulyHere's a list of the best and worst performing stocks within the S&P 500 for July.
Source: MarketWatch.com - Top Stories | 30 Jul 2010 | 5:58 pm Canadian Markets: Canadian stocks close lower but post monthly gainsCanadian stocks notch losses Friday but post 3.7% gains for the full month.
Source: MarketWatch.com - Top Stories | 30 Jul 2010 | 5:56 pm Move to block BP from US drillingBP would be blocked from winning future drilling permits in the US because of its safety record under energy legislation passed by the House of RepresentativesSource: Financial Times - US homepage | 30 Jul 2010 | 5:42 pm Latin American Markets: Brazil stocks notch best monthly gain in 14 monthsBrazilian stocks climb Friday, as shares of Vale SA help keep alive the market's longest winning streak in nearly seven years.
Source: MarketWatch.com - Top Stories | 30 Jul 2010 | 5:27 pm Teens getting behind the wheel laterIt used to be that teens were racing to get their license. But with the Internet, teens can socialize and study together without having to go anywhere, which makes a license a less pressing need.Source: Marketplace Money | 30 Jul 2010 | 5:15 pm The latest theft site for hackersTess Vigeland talks to Nicholas Percoco of Trustwave, an information security group, about how hackers can get your credit card information during a hotel stay.Source: Marketplace Money | 30 Jul 2010 | 5:14 pm Merck's 2Q net drops on higher costs, charges (AP)
Source: Yahoo! News: Business News | 30 Jul 2010 | 5:14 pm Interns are 'entitled to be paid'Many young people working free as interns may legally be entitled to pay, a report says.Source: BBC News - Business | 30 Jul 2010 | 5:00 pm Tax credit overpayments 'to soar'Many more people will face having to pay back some of the money paid to them as tax credits because of Budget changes, experts say.Source: BBC News - Business | 30 Jul 2010 | 5:00 pm The Friday Podcast: Tallying Up The Pelican Bill
Gerald Herbert/AP
A coastal zone director lifts an oil-covered pelican out of Barataria Bay. What’s the price of a pelican? The total for a turtle? The dollars for a dolphin? Its not a philosophical question anymore. The BP oil spill killed hundreds of these animals, and the Feds want to make darn sure that BP pays the total bill. But coming up with a precise economic value for wildlife has stymied economists and scientists for decades. There’s no market for most of these animals. No catalog for endangered species. No eBay or Craigslist for migratory birds. That’s not going to stop us from trying, though. Today on the podcast, we come up with 5 different ways to put a pricetag on a pelican. PELICANS ARE PRICELESS: This is the first thing you’ll hear from most people when you ask them to think about a value for the birds. At the Bronx Zoo, we met Ted Breg who loves to photograph pelicans, and he refused to even start an economic discussion of the devastation in the gulf. “It can’t be done, “ Berg says. “All the money in the world won’t bring them back.” It’s a fine philosophical answer, but its not a very useful one. You can’t present a bill to BP for all the money in the world. THE BIRD LOVERS: Just because you can’t buy a pelican, doesn’t mean we couldn’t find people spending money on them. Hundreds of professionals and volunteers have traveled to the Gulf to rescue birds from the oil and clean them off. Millions of dollars are being spent. Isn’t that an economic indicator of value? Jay Holcomb, of the International Bird Rescue Research Center, says maybe. He says it's a sign that people feel a sense of responsibility for the future of the species. Holcomb says the average cost of rehabilitating a pelican before the BP spill was relatively modest: 500 dollars. Does this mean that the minimum price tag for a pelican is 500 bucks? Perhaps, but Planet Money’s Adam Davidson doesn’t buy it. He says no one values birds more than environmental non-profits, so they're probably not the best indicator. THE HOLLYWOOD EQUATION: Remember the film Flipper? Don’t worry. No one else does either. The one thing that film did have was a great comedic sidekick for the dolphin: Pete the Pelican. It turns out that Hollywood provides something that looks a lot like a market for captive pelicans. We found a rate sheet for a pelican rental company. A non-flying bird will set you back $1,500 a day. A flying bird could bring up to $4,500 a day. A pelican with a good agent could be worth hundreds of thousands of dollars. But it seems like a stretch to use Pete the Pelican as stand-in for a wild bird. Think of it this way: does the fact that Tom Cruise can make 10 million dollars a movie, mean you're worth that much too? THE THIRTY BUCK DUCK: Don’t tell an economist that you can’t put a value on the invaluable. They’ll come up with an entire discipline to do it. It’s called contingent valuation, and the theory is that if you ask the right way, people can asses how much a public resource is worth. We talked to the man who put a price tag on a wild duck, Gardner Brown, of the University of Washington. He used a survey of hunters to find out how much they would pay to take home an extra bird. Could we use the same techniques to value a pelican? In theory, Brown says. But he notes that it would be difficult to get people to set aside their emotions about the oil spill and isolate how much they would actually pay to save the pelicans. MAKE IT RIGHT: All these failed valuation techniques are familiar turf for scientists at the U.S. Fish and Wildlife service. They’ve tried them all too. Roger Helm with the agency says that they used to go to biological supply firms to put a price on dead fish. They did surveys after the Exxon Valdez oil spill to value the wildlife lost. But these days, the Feds do something different. Instead of telling a company what they have to pay for dead animals, they just tell them they are required to restore the population of the animal. 47 dead pelicans? The company has to pay for enough habitat or conservation programs to bring back 47 pelicans. And that could be cheap or very, very expensive. Helm has an elegant answer to the question of what a pelican is worth: the price of a pelican is exactly one pelican. Subscribe to the podcast. Music: Josh Rouse's "I Will Live On Islands" Find us: Twitter/ Facebook/ Flickr. To download the podcast, click on the arrow icon in the podcast player above. Source: NPR Blogs: Planet Money | 30 Jul 2010 | 5:00 pm SEC vs. the media, round twoThe Securities and Exchange Commission was not seeking a blanket exemption from public information laws, when it asked Congress to include a little known provision in the Wall Street reform law, the agency said in a letter to lawmakers Friday.Source: Business and financial news - CNNMoney.com | 30 Jul 2010 | 4:59 pm Why McDonald's Can Borrow But You Can'tIn the bond rush, large firms are borrowing with far greater ease than consumers.
Source: SmartMoney.com | 30 Jul 2010 | 4:57 pm The Largest Corporate Bonds This YearA look at the biggest issues in an environment of cheap corporate borrowing.
Source: SmartMoney.com | 30 Jul 2010 | 4:46 pm Claridge's hotel owner looks to US private equity for helpThe owner of Claridge's and The Connaught is close to finalising an emergency £600m restructuring that will see the private US property manager Westbrook Partners become a leading investor in the prestigous hotels group.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jul 2010 | 4:38 pm Sale of EDF's UK networks agreedA consortium headed by Hong Kong billionaire Li Ka-Shing has agreed a deal to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).Source: BBC News - Business | 30 Jul 2010 | 4:21 pm July proves to be a sizzling monthThe question is whether the rebound is the start of something bigger, or simply another false dawnSource: Financial Times - US homepage | 30 Jul 2010 | 4:16 pm Stocks: Best monthly gain in a yearDespite a mixed performance on Friday, stocks booked the best monthly gain in a year, with the Dow Jones industrial average and S&P 500 both rising nearly 7% in July.Source: Business and financial news - CNNMoney.com | 30 Jul 2010 | 4:11 pm Coffee drinkers embrace fair factorFairtrade - it's the buzzword of "ethical" consumerism in the 21st century. Many in the West sing its praises but fewer understand the complex forces governing the lives of Third World farmers from Burkina Faso to Bolivia.Most...Source: nzherald.co.nz - Business | 30 Jul 2010 | 4:10 pm Crafars appeal dirty dairying convictionsThe High Court in Hamilton has reserved judgment on an appeal by the Crafar dairy farming family against convictions and sentence for dirty dairying on a Waikato farm.Hillside Ltd and its three directors - brothers Frank and Allan...Source: nzherald.co.nz - Business | 30 Jul 2010 | 4:04 pm Stocks are mixed but had best month since July '09 (AP)AP - WHAT A MONTH: The Dow Jones industrial average and Standard & Poor's had their best month since July 2009 and their first winning month since this past April. Strong earnings were behind the big gains.Source: Yahoo! News: Stock Markets News | 30 Jul 2010 | 4:01 pm Crackberry Addicts Score New Way to Get Fixby Sarah McBride 
Damian Dovarganes/AP
A tablet version of the Blackberry is coming in time for the holidays If there's one cure for a Blackberry addiction, it's an iPad addiction. Now, executives at RIM, makers of the Blackberry, are heading off any defections with their own version of the iPad, Bloomberg reports. The copycat— er, RIM spin on the tablet device is set for November release. An iPad costs $499 for the basic wifi-only version; Bloomberg didn't report pricing for the RIM device. With Amazon's announcement of a $139 wifi-only version of its ereader Kindle, it looks like iPad battles could provide a lot of fall entertainment. Source: NPR Blogs: Planet Money | 30 Jul 2010 | 3:53 pm Stocks end July with big gain; Dow gains 7.1 pct (AP)
Source: Yahoo! News: Stock Markets News | 30 Jul 2010 | 3:48 pm Jobs data, earnings latest test for stocks (Reuters)Reuters - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.Source: Yahoo! News: Stock Markets News | 30 Jul 2010 | 3:46 pm Jobs data, earnings latest test for stocks (Reuters)Reuters - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.Source: Yahoo! News: Business News | 30 Jul 2010 | 3:46 pm Jobs data, earnings latest test for stocksNEW YORK (Reuters) - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.
Source: Reuters: Business News | 30 Jul 2010 | 3:46 pm Blue Chips Rose 7.1% in July (Market Update)July was a good month for U.S. stock investors.
Source: SmartMoney.com | 30 Jul 2010 | 3:36 pm Airlines living on the edge: CEOAirlines talk business in billions but the difference between big profits or large losses is small, says Cathay Pacific Airways chief executive Tony Tyler.Airlines went through a desperately bad time during 2008 and 2009, with...Source: nzherald.co.nz - Business | 30 Jul 2010 | 3:30 pm Brian Gaynor : Population, the debate we need to haveMigration and population growth are leading issues of debate during the Australian general election campaign.These are important topics because population growth is a powerful driver of economic growth and population structures...Source: nzherald.co.nz - Business | 30 Jul 2010 | 3:30 pm Bernanke recouped personal losses in 2009WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke's personal finances recovered in 2009, disclosure forms released by the central bank on Friday showed.
Source: Reuters: Business News | 30 Jul 2010 | 3:25 pm Obama: Detroit auto bailout was unpopular, but it worked (The Christian Science Monitor)The Christian Science Monitor - President Obama used a visit to Michigan Friday to argue the case that despite its unpopularity, his 2009 bailout of the Detroit auto industry has worked.Source: Yahoo! News: Business News | 30 Jul 2010 | 3:16 pm Write-Offs: 07.30.10$$$ Jeffrey Epstein Investigated For Child Trafficking [TDB] $$$ Ballmer’s iPad Envy [WSJ] $$$ Moore’s Blochet Moves to Switzerland as Hedge-Fund Managers Flee U.K. Tax [Bloomberg] $$$ Sexy spy Anna Chapman’s glamorous police mugshot sweeps internet [NYP]
 Source: Dealbreaker | 30 Jul 2010 | 3:15 pm Presented By:Source: Dealbreaker | 30 Jul 2010 | 3:15 pm Disney to sell Miramax for more than $660 millionLOS ANGELES/NEW YORK (Reuters) - Walt Disney Co has struck a deal to sell Miramax, the studio behind such films as "Trainspotting" and "No Country for Old Men," for more than $660 million to a group that includes construction magnate Ron Tutor and investment firm Colony Capital LLC.
Source: Reuters: Business News | 30 Jul 2010 | 3:15 pm Gleacher’s Gabrielski on Joy Global, McDermott: Taking StockSource: Bloomberg - All Podcasts | 30 Jul 2010 | 3:12 pm The world’s banks take a holiday from regulationAs they break for the summer with their bonuses intact, bankers reflect that it could have been a lot worse, writes John GapperSource: Financial Times - US homepage | 30 Jul 2010 | 3:11 pm Imports slow Q2 growth as business spending surgesWASHINGTON (Reuters) - U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
Source: Reuters: Business News | 30 Jul 2010 | 3:06 pm Imports slow Q2 growth as business spending surges (Reuters)Reuters - U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.Source: Yahoo! News: Business News | 30 Jul 2010 | 3:06 pm Worst job on Earth: BP calling all applicantsIt could quite possibly be called the worst job on Earth -- and the position is open.Source: Business and financial news - CNNMoney.com | 30 Jul 2010 | 3:05 pm How the major stock indexes fared on Friday (AP)AP - Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish.Source: Yahoo! News: Stock Markets News | 30 Jul 2010 | 3:03 pm Bernanke's nest egg bounces backSource: Business and financial news - CNNMoney.com | 30 Jul 2010 | 2:58 pm And They Say Wall Street Adds No Value To Society
Source: Dealbreaker | 30 Jul 2010 | 2:56 pm China says it tops Japan as No. 2 economyChina has surpassed Japan to become the world's second largest economy, lagging only behind the United States, a Chinese government official said in remarks published on Friday.Source: Business and financial news - CNNMoney.com | 30 Jul 2010 | 2:49 pm Wall Street marks best month in a year in July (Reuters)
Source: Yahoo! News: Business News | 30 Jul 2010 | 2:45 pm Wall Street marks best month in a year in July (Reuters)
Source: Yahoo! News: Stock Markets News | 30 Jul 2010 | 2:45 pm Bernanke Portfolio Bouncing Back!
Bernanke’s Bottom Line [WSJ]
Source: Dealbreaker | 30 Jul 2010 | 2:42 pm Prudential’s Krosby Discusses Earnings, Economy: Taking StockSource: Bloomberg - All Podcasts | 30 Jul 2010 | 2:41 pm Dollar sinks to 8-month low vs yen as growth slows (AP)AP - Weakening U.S. economic growth and worried comments from Federal Reserve officials drove the dollar to an 8-month low Friday against the Japanese yen.Source: Yahoo! News: Business News | 30 Jul 2010 | 2:34 pm Not spending like drunken sailors - The BuzzThe economy is heading nowhere fast. That's the bad news. But the good news is that it still seems like consumers may have actually learned a lesson or two about reckless fiscal behavior.Source: Business and financial news - CNNMoney.com | 30 Jul 2010 | 2:25 pm You don't have to be Sir David Attenborough to spot the carnage at British AirwaysAnother quarter, another roaring success for British Airways. It may have tested its passengers' faith with 23 strike days. But the Wildlife Trust can spot a winner when it sees one.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jul 2010 | 2:21 pm Delta's Northwest pleading guilty to price fixingWASHINGTON (Reuters) - Northwest Airlines, now a part of Delta Air Lines, has agreed to plead guilty to conspiring to fix the prices of air cargo, the U.S. Justice Department said on Friday.
Source: Reuters: Business News | 30 Jul 2010 | 2:20 pm Simon Johnson Discusses Next Financial Crisis: Taking StockSource: Bloomberg - All Podcasts | 30 Jul 2010 | 2:10 pm There Are Only Two Things About Being Fed Chair That Alan Greenspan Misses
Lar, if you’re reading this– give him a call. Lunch With Alan Greenspan [FT]
Source: Dealbreaker | 30 Jul 2010 | 2:03 pm Are Poor People More Generous?by Sarah McBride 
Anonymous/AP Photo
An undated photo of a New York slum. Putting off philanthropy until you make your millions? It doesn't work that way, according to a new study in the Journal of Personality and Social Psychology. In a game where 115 participants had credits to give away or keep, poorer people tended to give away more credits, the Economist reported. That's even after participants learned any remaining credits at the end of the study would be worth real money that they would be able to keep. In a survey of the group, rich people said 2.1% of income should be donated to charity, while poor people said it should be 5.6%. Source: NPR Blogs: Planet Money | 30 Jul 2010 | 2:03 pm Double-dip feared as US economic growth loses paceFear of a double-dip grips investors after US growth is shown to have contracted sharply in the second quarter.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jul 2010 | 1:55 pm Bangladesh lifts its rag trade pay 80pcDHAKA: Bangladesh has raised minimum monthly wages for its millions of garment workers by about 80 per cent after months of violent protests over poor pay and conditions, a Government minister said yesterday.Garment workers in...Source: nzherald.co.nz - Business | 30 Jul 2010 | 1:50 pm Northwest to pay $38 million cargo price-fixing fineNorthwest Airlines will plead guilty and pay a $38 million fine for conspiring to fix cargo rates, the Justice Department announced Friday.Source: Business and financial news - CNNMoney.com | 30 Jul 2010 | 1:47 pm Northwest agrees to pay $38m fineNorthwest Airlines will plead guilty and pay a $38m fine for fixing air-cargo prices, the US justice department says.Source: BBC News - Business | 30 Jul 2010 | 1:45 pm Rangers, Lehman, Tribune: Bloomberg Law Bankruptcy ReviewSource: Bloomberg - All Podcasts | 30 Jul 2010 | 1:34 pm States are broke. You're on the hook.The states are broke, and like many consumers, they're borrowing big time to get out of their fiscal binds.Source: Business and financial news - CNNMoney.com | 30 Jul 2010 | 1:31 pm Wachovia's Silvia Discusses U.S. Unemployment: AudioSource: Bloomberg - All Podcasts | 30 Jul 2010 | 1:30 pm Rentokil boss will have to work hard to see off the pestsLuckily, Alan Brown has a fine sense of humour. He's the man with the huge aerosol, drafted into Rentokil Initial as its new chief executive in May 2008 when investors found pests lurking in every corner of the business.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jul 2010 | 1:27 pm US growth slows in second quarterUS growth slowed to an annualised rate of 2.4 per cent in the second quarter but robust business demand suggested that the economy would avoid a feared “double dip” that could drag the world back into recessionSource: Financial Times - US homepage | 30 Jul 2010 | 1:25 pm Lowering the cost of college textbooksText book prices have increased 7 1/2 percent in the past two years, according to the Labor Department. A new law taking effect this month aims to softened the burden for college students. Marketplace's Amy Scott reports.Source: Marketplace Money | 30 Jul 2010 | 1:25 pm Negotiating tactics for womenStudies show that women aren't great negotiators. Often times, women don't want to come off as aggressive or boasting. Marketplace Money follows up on a story we did last year on why women make such lousy negotiators.Source: Marketplace Money | 30 Jul 2010 | 1:25 pm Make your home more energy efficientHost Tess Vigeland and Marketplace Sustainability reporter Adrienne Hill discuss methods you can use today to help reduce energy use and those hefty electric bills.Source: Marketplace Money | 30 Jul 2010 | 1:24 pm Getting PersonalHost Tess Vigeland and MSN's Liz Pulliam Weston answer listener questions on: Is there such a thing as 'good debt', is it better to pay off a mortgage or reserve some cash to build up your savings and is it wise to pay off debt using a home equity line of credit?Source: Marketplace Money | 30 Jul 2010 | 1:24 pm Letters: lawsuits and financial literacyHost Tess Vigeland reads some of your thoughts on the lawsuit against the 99 Cent Only store, the recently created Office of Financial Literacy, and our recent story on mortgage modifications.Source: Marketplace Money | 30 Jul 2010 | 1:24 pm Staying alive into the new yearThe estate tax lapsed last year and if Congress does not vote to reinstate it, estates larger than one million dollars will be taxed upon death as of Jan. 1. Laura Sanders of the Wall Street Journal joins Tess Vigeland to discuss further.Source: Marketplace Money | 30 Jul 2010 | 1:23 pm Cynotech off the NZXCynotech Holdings says it has told NZX it no longer wants to be listed on its exchange. Cynotech currently trades on the NZX-run NZAX market, designed for small to medium-sized, fast-growth businesses. "Cynotech Holdings'...Source: nzherald.co.nz - Business | 30 Jul 2010 | 1:20 pm US stocks move little but have best month in a yearNEW YORK - Stocks had a fitting end to a choppy July on Friday, US time, as prices seesawed their way to a narrowly mixed finish. But despite the turbulence, this was still the market's best month in a year.Investors had an ambivalent...Source: nzherald.co.nz - Business | 30 Jul 2010 | 1:13 pm Obama's consumer confidence problemSource: Business and financial news - CNNMoney.com | 30 Jul 2010 | 1:07 pm Hollywood theme park scripted for IndiaReliance Big Entertainment and Universal Studios are close to signing an agreement to build a $1.5bn film-themed resort with a Bollywood twistSource: Financial Times - US homepage | 30 Jul 2010 | 1:05 pm Recovery spin wars: White House vs. businessThe Obama administration gave a positive spin to second-quarter economic numbers released Friday, with the administration's chief economist saying they show a "steady recovery from the recession continues."Source: Business and financial news - CNNMoney.com | 30 Jul 2010 | 1:04 pm Knoc provides proof of funding for £1.7bn deal to buy Dana PetroleumSouth Korea's national oil company has sent a letter to Dana Petroleum proving it has the financial firepower to fund a £1.7bn takeover of the London-listed rival.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jul 2010 | 12:58 pm Food Truck Nation: Photo GalleryThe food truck fad is sweeping the nation. View photos of some LA food trucks and add to our collection by submitting photos of your favorite neighborhood food truck.Source: Marketplace | 30 Jul 2010 | 12:56 pm IMF lowers Spain growth forecast, warns of 'fragile' rebound (AFP)
Source: Yahoo! News: Business News | 30 Jul 2010 | 12:54 pm Berlusconi moves on rebelsItaly appeared to be heading for early elections or a government shake-up after Silvio Berlusconi moved to expel dissidents from his People of Liberty party, reducing his parliamentary majority to a threadSource: Financial Times - US homepage | 30 Jul 2010 | 12:50 pm How To Score Points With Your EmployeesBTW, for anyone looking for the actual reason why Susquehanna International Group is allegedly the best firm to work at, the answer may involve the fact that they pretty much just let everyone play poker all day (“poker pervades the culture of SIG”). Something to think about.
Source: Dealbreaker | 30 Jul 2010 | 12:50 pm Hubbard backers to meetThe Exposing Unacceptable Financial Activities (Eufa) group is holding a public meeting in Timaru next Friday to discuss issues surrounding the statutory management of Timaru businessman Allan Hubbard. "Investors suffering will...Source: nzherald.co.nz - Business | 30 Jul 2010 | 12:50 pm ITV set to restrict some content to pay-TVSoon you may no longer be able to watch some of ITV's hit shows for free.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jul 2010 | 12:48 pm BP boss scaling back oil effortIncoming BP chief executive Bob Dudley has said it is time to scale back some parts of the oil spill clean-up in the Gulf of Mexico.Source: BBC News - Business | 30 Jul 2010 | 12:46 pm Chrysler profitable, no rush to IPO: CEODETROIT (Reuters) - Chrysler, the No. 3 U.S. automaker, would be profitable on a net basis if it were not for the interest costs of loans remaining from its bailout, the automaker's chief executive said on Friday.
Source: Reuters: Business News | 30 Jul 2010 | 12:43 pm Greece turns to military to restore fuel supplies (AP)
Source: Yahoo! News: Business News | 30 Jul 2010 | 12:36 pm Iran trade sanctions hit Dubai portIn Dubai's port area, the renewed clampdown by the US on trade with Iran is hurting many legitimate, local businesses.Source: BBC News - Business | 30 Jul 2010 | 12:36 pm Small Talk: Shoe factory tours, Thomas's English Muffins secret recipe and the new DMVMarketplace's Brendan Newnam and Rico Gagliano chat with fellow staffers Eve Troeh, Millie Jefferson and Ethan Lindsey about shoe factory tours, Thomas's English Muffins secret recipe and the new DMVSource: Marketplace | 30 Jul 2010 | 12:33 pm Cuomo widens insurer probe with 6 more subpoenasNEW YORK (Reuters) - New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military.
Source: Reuters: Business News | 30 Jul 2010 | 12:32 pm Anonymous Former Goldman Employee Will Pay For His Sins
[Breathe] Rather than do what all of you think it’s going to do, which is just FLIP OUT, Goldman is going to use this as a teachable moment. What can we learn from the failure and apply the lessons toward future online surveys that will potentially embarrass the bank? Well, it seems there are a couple things in particular that can be gleaned, and here’s what they are: 1) making sure the threats suggested in exit interviews as to what could be visited upon outgoing employees should they fuck with the brand upon being released into the wild are taken seriously and 2) tagging said outgoing employees with GPS ankle monitoring bracelets that can never be removed and wiring their nipples with clamps through which an electric shock is sent if they so much as entertain the thought of violating lesson number 1. (Why this isn’t standard protocol already is beyond me.) And a word of advice to this guy. Run:
Source: Dealbreaker | 30 Jul 2010 | 12:31 pm Rocco Forte hires ex-M&B finance director Karim NaffahKarim Naffah, the former finance director of Mitchells & Butlers who lost his job after leading a £500m hedging debacle, has been appointed as managing director of the Rocco Forte Collection.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jul 2010 | 12:30 pm Geron given FDA go-ahead for stem cells trialThe world’s first treatment based on human embryonic stem cells is set to begin a clinical trial within the next two months, in patients with acute spinal cord injurySource: Financial Times - US homepage | 30 Jul 2010 | 12:29 pm PIMCO’s Bill Gross Confirms Slower Growth Ahead, For YearsIt is month-end, and bond-magnate Bill Gross of PIMCO is out with a new round of predictions. The bond guru’s August Investment Outlook often has quirky ways of explaining things, and he’s using ‘auto-flush toilets’ to describe The New Normal. We’ll skip over the fecal disposal systems… Gross notes that The New Normal is predicated [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Jul 2010 | 12:26 pm Reasons Behind the Market's Recent Revival (Ahead of the Curve)Luskin: Extending the Bush-era tax cuts will help the economy, stocks.
Source: SmartMoney.com | 30 Jul 2010 | 12:12 pm Li Ka-Shing, Asia's richest man, buys EDF's UK power grids for £5.8bnLI Ka-Shing, Asia's richest man, has bought EDF's British electricity network business for £5.8bn in a deal that will see its £500m pension deficit for UK workers reduced by a quarter.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jul 2010 | 12:08 pm BP boss scaling back oil effortThe incoming BP chief executive has said it is time to scale back some parts of the oil spill clean-up in the Gulf of Mexico.Source: BBC News - Business | 30 Jul 2010 | 12:07 pm China closer to becoming second-largest economyA senior Beijing official’s reference to China as the ‘world’s second-largest economy’ has sparked excited speculation that Asia’s new powerhouse may have already reached a long-looming milestone by surpassing JapanSource: Financial Times - US homepage | 30 Jul 2010 | 11:53 am The food-truck economyKai Ryssdal takes a look at the burgeoning gourmet food truck industry -- who's behind it and what makes a successful food truck.Source: Marketplace | 30 Jul 2010 | 11:53 am The Army Experience Center: Mission accomplished?The Army Experience Center in a mall in Philadelphia is a teched-out wonderland with a Black Hawk simulator and military video games galore. But the Center is closing its doors after two years, even though the Army says its stint at the mall was a successful one.Source: Marketplace | 30 Jul 2010 | 11:53 am Weekly Wrap: GDP growth, what does it indicate?Kai Ryssdal talks about the week's top business headlines with Megan McArdle from the Atlantic and John Carney from CNBC about the second quarter GDP growthSource: Marketplace | 30 Jul 2010 | 11:52 am Can there be clean air and economic growth?Economic growth is often coupled with an increase in pollution. But those two factors may not be mutually inclusive, at least not the way they once were.Source: Marketplace | 30 Jul 2010 | 11:52 am Can 'free' online games make money?American video game companies often charge a monthly for their online games. But they're starting to adopt the business tactic of their Asian counterparts: Let them play for free, but charge for the virtual weapons and outfits.Source: Marketplace | 30 Jul 2010 | 11:52 am Deflation, the Fed's new worryThe Fed's latest concern is a long period of falling prices -- which may cause consumers to keep their money in their pockets as they wait for the next best price.Source: Marketplace | 30 Jul 2010 | 11:52 am Businesses buying more tech, not hiring more workersInstead of hiring more workers, businesses are buying lots of new equipment and computers to help employees that they already have to be more productive. This spending did help push the economy a bit up in the second quarter -- but how long will this strategy help the economy?Source: Marketplace | 30 Jul 2010 | 11:52 am A Large Water Dividend Gets Larger (AWK)Investing in water is one of the trends that investors have gone after for years and years. After all, the future of the world and life depend entirely upon the availability of fresh water. American Water Works Company, Inc. (NYSE: AWK) is a company that we predicted in February would raise its dividend. That has [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Jul 2010 | 11:49 am Shire among the laggards as FTSE 100 slipsShire Pharmaceuticals looked under the weather on Friday as the FTSE 100 slid 55.93 points to 5258.02 on weak US growth data.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jul 2010 | 11:44 am Picking up Penguins for 75 yearsA colourful history of the famous book publisherSource: BBC News - Business | 30 Jul 2010 | 11:42 am 'Maybe I'll be in Rocky 7'Champion boxer Joe Calzaghe talks about money.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 30 Jul 2010 | 11:37 am Immigrant worker limit criticisedGovernment plans to limit the number of skilled foreign workers allowed into the UK are criticised by the Lord Mayor of London.Source: BBC News - Business | 30 Jul 2010 | 11:31 am Goldman employees still enamored with firm and CEONEW YORK (Reuters) - Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees.
Source: Reuters: Business News | 30 Jul 2010 | 11:30 am No Budget? No Problem, Say California Bond Investorsby Sarah McBride 
Rich Pedroncelli/AP
Gov. Arnold Schwarzenegger responds to a question about his revised state spending plan Logic tells you that a state with as big a budget mess as California should be paying the price in higher interest rates when it comes to the bonds it issues. But in this case, logic is wrong. As Tom Petruno writes in the Los Angeles Times, the annualized tax-free yield on California's five-year general-obligation bonds has fallen to 2.1 percent from 3 percent in mid April. That compares with 4 percent in mid 2009. And it's despite California's budget impasse. California bonds are simply benefitting from investors' disgust with the lackluster stock market, fears about the overall economy, and desire to have some kind of return for their cash. A widespread belief taxes will rise next year makes tax-free bonds look even better. Budget-tightening by states and municipalities around the city mean fewer bonds are being issued, so supply and demand comes into play too. Source: NPR Blogs: Planet Money | 30 Jul 2010 | 11:30 am Stage set for Fed bond ‘strippers’ to perform‘Strips’, bonds that have been ‘stripped’ of their interest payments until maturity, tend to outperform regular bonds when interest rates fall sharplySource: Financial Times - US homepage | 30 Jul 2010 | 11:08 am Dick Bové Washes His Hands Of The Securities And Exchange Commission
Citigroup to pay $75 mn to settle SEC charges [Business Standard]
Source: Dealbreaker | 30 Jul 2010 | 11:00 am Presented By:Source: Dealbreaker | 30 Jul 2010 | 11:00 am This Week’s LinksWriting on the Wal is one of those neat corporate critique blogs (guess who it’s targeting) that I’m surprised I haven’t come across before. Cultural Offering has a neat graphic called the skill luck continuum. Blogging’s on the far left. I swear. Kommein has a great list of how and where to recycle your old gadgets, laptops and toys. Financial News Express takes a well-thought-out look at how bad the oil spill isn’t. Add don’t be pregnant to the long list of things (self-employment, owning a condo, not having a pile of money saved) that will stop you from getting a mortgage. (Minyanville) Bonus link: Becker-Posner on the abuse of presidential power.
Source: Business Pundit | 30 Jul 2010 | 10:45 am 2010 Becomes The Year of the Conglomerates (GE, MMM, HON, UTX, BRK-A, SPY, DIA)2010 may be a directionless year for the stock markets so far, but shares of conglomerates are outperforming and more upside is expected. The five largest conglomerates we follow are all higher for the year. We took a look at General Electric Co. (NYSE: GE), 3M Co. (NYSE: MMM), Honeywell International Inc. (NYSE: HON), United [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Jul 2010 | 10:43 am FTSE ends lower on US growth data (AFP)
Source: Yahoo! News: Stock Markets News | 30 Jul 2010 | 10:38 am Hedge Fund Girls Suing Former Boss, His Wife, For Suing Them, For Hanging On To Topless Pics Of Said Wife
The girls decided to leave the firm soon after the incident, feeling that they’d been sexually harassed on account of having to look at the boss’s wife naked (Culicea was not part of TitYacht-gate, but was asked to print other classy shots from the trip, of the newlyweds taking a bath). After they resigned, Russel’s brother Marc, who is a Vice-President at the Titan, left a few psycho emails and voicemails for Danielle who, oh, btw, he used to date, calling her “a dirty pig thief,” a “rotten bitch,” and a “whore.” That detail is not part of the suit, but was just something Danielle wanted to get out there. So the ladies asked for $2.5 million, saying they were sexually harassed and deeply disturbed by the topless shots, which for some reason they decided to hold on to. Not for their personal files, but insurance, to make sure they got their money. Some might call this blackmail, extortion, what have you, but their lawyer, Douglas Wigdor, not into such labels, totally backed them up on it, telling the Post that the pics would not be returned until the case was settled with a check for a couple mill and a half, opening the door for a countersuit by Sandra Abrams, who claimed the girls’ demand was “nothing short of blackmail,” which, yeah, it kind of was! Sandra demanded the pics back, and $1 million for emotional distress. In the year-long interim, we figured this whole thing had been settled but surprise! It hasn’t. Instead, the girls filed a counter suit to the counter suit yesterday, again claiming sexual harassment, though not commenting on the photos (which may or may not still be held for ransom) and requesting unspecified monetary damages.
Source: Dealbreaker | 30 Jul 2010 | 10:32 am Mutual Fund Buzz for July 30: Investors Still Favor Bond Funds (U.S. News & World Report)U.S. News & World Report - Investors still trust the safety of bond funds. June was another good month for fixed income. The Investment Company Institute reported that overall, mutual funds saw net inflows, mostly into bond funds. Bond funds experienced inflows of more than $20 billion--up about $6 billion from May. Meanwhile, stock funds saw more outflows. The WSJ reports that investors haven't consistently put money into stock funds since the market hit its low in March 2009. Low-yielding money market funds also continued to see outflows, which brings their total outflows for the year to more than $500 billion.Source: Yahoo! News: Stock Markets News | 30 Jul 2010 | 10:30 am Lunch with the FT: Alan GreenspanThe former US Federal Reserve chairman talks about the mistakes during his time at the government agency, his legacy and life out of the spotlightSource: Financial Times - US homepage | 30 Jul 2010 | 10:12 am Kerner Sees Facebook Putting Off IPO as It Seeks Growth: AudioSource: Bloomberg - All Podcasts | 30 Jul 2010 | 10:01 am The Economy: It's Worse Than We Thoughtby Sarah McBride 
Paul Sakuma/AP
This unemployed guy could have told you the economy was no great shakes. The nation's economy grew at a modest 2.4 percent rate last quarter, according to the Commerce Department, which also revised down estimates going back three years. That means the recession was worse than previously believed. The government revised down its estimates for seven quarters dating back to the first quarter of 2007. But the Commerce Department said the first quarter of this year showed more growth than previously reported, 3.7 percent compared to 2.7 percent. The second-quarter data showed businesses are investing more in equipment and buildings, while consumers are keeping their spending in check. Consumers are also saving more than previously reported. Source: NPR Blogs: Planet Money | 30 Jul 2010 | 9:24 am Does a Double Dip Recession Lie Ahead? (Early Bird)Second-quarter GDP grows less than expected, fueling investor anxiety.
Source: SmartMoney.com | 30 Jul 2010 | 9:21 am Gartman on Markets, Choudhry on Eurozone, U.S. GDP: First WordSource: Bloomberg - All Podcasts | 30 Jul 2010 | 9:17 am TeleNav, When IPOs Die (TNAV)If you have been an IPO investor in 2010, you might wonder if there are better ways to make a buck. TeleNav, Inc. (NASDAQ: TNAV) just joined in the wave of problem IPOs that become busted deals trading well under the IPO price. The drop after earnings is severe enough that TeleNav may have just [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Jul 2010 | 8:42 am Alison Weir Discusses Her Book `Captive Queen': Lewis LaphamSource: Bloomberg - All Podcasts | 30 Jul 2010 | 8:19 am The Silly Notion of DeflationDeflation… Bah humbug! The arguments are still relatively new over whether the global economy is headed for a double-dip recession or just an extended period of slow growth for the future. There is a separate argument regarding whether the markets are going to have to deal with a new period of deflation after reports this [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Jul 2010 | 8:14 am Jan Van Eck Sees Declining Debt in Emerging Markets: AudioSource: Bloomberg - All Podcasts | 30 Jul 2010 | 8:00 am Subdued US growth weighs on world markets (AP)
Source: Yahoo! News: Stock Markets News | 30 Jul 2010 | 7:59 am The Ghosts of GDPGross Domestic Product did show another positive figure for the Q2-2010 period but not as seen before and a tad less than what economists were expecting. The Commerce Department reported that GDP rose by 2.4% in the second quarter. Estimates from Dow Jones and other sources had a consensus target from economists at 2.5%. The [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Jul 2010 | 7:36 am This Week’s Weird Jobs
1. SC: Bachelorette Party Entertainment Would like to arrange a stripper (not naked) for our girlfriend gettin married… Tonight is her bachelorette party and would love to have you show up at one of the downtown bars we’ll be hitting and give her a last hoorah! Please let me know if you or someone you know does this kind of thing…. Note to poster: There’s no reason for an ad here. Just order a few rounds of whiskey for the hottest, dumbest guys in the bar and there you go. 2. SC: Chemist Wanted, ASAP! Startup Bio Diesel firm is looking for a chemist to join its Executive Team. We will first produced bio- diesel with cooking oil and graduate to a product that is gaining notice in Europe. The equipment that will be used initially is the Fuelmeister; please Google to see how this device is used and get back to us immediately if you are interested. The successful candidate may be offered a percentage of the firm This job would be especially cool if you could be called The Fuelmeister. 3. IL: Catfight Models Wanted Erotic Fully Clothed Female Fantasy Wrestling/Catfights based on customer requests. Earn $200 -$300 per nite Fri and Sat This material will be of interest to those models who enjoy working with other female models. None violent, NONE injurious fantasy classic catfight material. You can make money several ways. Making customs, clips and pics for sale, as well as live shows The female fight is becoming a common part in particular of any young actresses portfolio. However it is nice to have a more traditional feminine vein to perform in, without getting ones pretty face roughed up doing some kung fu Best thing is too, keep some of your own material and sell it well into your 50′s or even 70″s. No STD’s to worry about, etc etc Fetishes explored here, revolve mainly around the legs, heels, bums, skirt dresses, panty, pantyhose hair, nails, clothes destruction, soft girl girl fight action, some scripted holds and wrestling fetish material as well. Catfighting is a basic 50′s and 60′s fetish. It’s also a very popular and legal fetish of sorts in China via Hong Kong, India and much of the Middle East. If you can count you should be able to realize this huge potential market. Models that come to mind include La Kisha, Betty Page, the la Belle twins, etc Big in China, India and the Middle East, you say? What a enormous surprise! 4. DC: Spunky LOUD Hostess needed for fitness club Looking for RACHEL RAY type of personality – fun, enthusiastic, high-energy, extremely talkative and quick with conversational comebacks! Spunky LOUD Hostess and Fitness Lover needed for the following: Must have a loud and happy voice, be a motivating and positive person, and work well alone and with others! Job requirements: - Selling memberships- must have 3 years or more of AGGRESSIVE sales background (asking people after a haircut and color if they want to buy some shampoo is NOT aggressive!) - Greeting and encouraging members during their workout – you must be talkative and conversationally assertive - Calling members and confirming appointments – you MUST have a great phone voice and genuinely LOVE to be on the phone- this is a BIG part of the job so move on if you hate being on the phone! - Our employees bond with our members. It’s a community/small town-type atmosphere. This is for people who want a social, long-term job that requires them to multi-task and inspire women. - You MUST be great under time restraints and able to wear many hats efficiently. Like many jobs, we are either slammed busy or quiet and slow. We pay $8.50/hr to start with a pay increase after the first employee review. - Remember: you MUST have a LOUD and HAPPY voice, some experience with sales and able to multi-task. If this does not suit you, do not answer this. Here at the fitness club, we are all LOUD and ANNOYING. Do join us! 5. DC: Pet Taxi Drivers and Dog Bather – Unique Hours Caring for animals is one of the most therapeutic experiences. Pair that with a paycheck and you have a dream of a part time position! In fact, many of our employees would say you’d be hard pressed to find a more enjoyable “job.” We are currently looking for 1-2 enthusiastic individuals with unique schedules that have an interest in either being a pet taxi driver or dog bather (or both if you have the time). An ideal pet taxi driver would have availability between the hours of 7-9am and 5-7pm and must be comfortable transporting sometimes multiple dogs in their personal vehicle. The ideal candidate for the dog bather position would be available M-F from 3-5pm. This person should be comfortable handling dogs of all sizes and breeds. Pay for both positions will be between $9.25-10/hr. Note that if you own a Pinto and need to transport multiple dogs, roof racks are not an option. Happy Friday!
Source: Business Pundit | 30 Jul 2010 | 7:29 am Top Day Trader Alerts (ALU, CSTR, GERN, GOOG, BIDU, OREX, PWER, TNAV, WYNN)Day traders and active traders have many stocks on the move to choose from this Friday. Some of the top percentage movers and standout stocks are Alcatel-Lucent (NYSE: ALU), Coinstar Inc. (NASDAQ: CSTR), Geron Corp. (NASDAQ: GERN), Orexigen Therapeutics Inc. (NASDAQ: OREX), Power-One, Inc. (NASDAQ: PWER), Google Inc. (NASDAQ: GOOG), Baidu, Inc. (NASDAQ: BIDU), TeleNav, [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Jul 2010 | 7:04 am Top Analyst Upgrades & Downgrades (CATM, CLNE, ENOC, GFI, HAL, HUM, FSLR, WFR, MYL, POT, SINA, RNWK, WDC)These are some of this Friday’s top analyst upgrades and downgrades seen from Wall Street research calls: Cardtronics Inc. (NASDAQ: CATM) Started as Neutral at UBS. Clean Energy Fuels Corp. (NASDAQ: CLNE) Cut to Underperform at National Bank. EnerNOC, Inc. (NASDAQ: ENOC) Started as Outperform at Wells Fargo. Gold Fields (NYSE: GFI) Started as Sell [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Jul 2010 | 6:42 am 10 Things Dermatologists Won't Say (10 Things)With skin cancer on the rise, a look at the changing face of dermatology.
Source: SmartMoney.com | 30 Jul 2010 | 6:27 am Weddings By the Hourby Sarah McBride 
Colin Purrington/flickr
Look at a wedding by the hourly cost instead of the total tab, suggests the WSJ's Brett Arends, and get ready for even bigger sticker shock. Measured that way, Chelsea Clinton's upcoming nuptials cost $270,000 an hour, assuming a $3 million overall tab and a celebration that lasts 11 hours. At $2 million, that's still $180,000 an hour. "How much fun can anyone have in an hour? Even if you're, say, doing the tango with Oprah Winfrey?" asks Arends. Even for mere mortals who spend the average price of $17,500 for a wedding, that's still $1,500 an hour if it lasts 11 hours. If it lasts just six, that's $3,000 an hour. Arends suggests buying stock in theknot.com— which unlike many wedding throwers has lots of cash and no debt. Source: NPR Blogs: Planet Money | 30 Jul 2010 | 6:15 am Today’s Best Market Rumors 7/30/2010Updated throughout the day. Facebook may postpone its IPO until 2012 (Reuters) American International Group (NYSE: AIG) will add Citigroup (NYSE: C) as another underwriter of its AIA IPO. (Reuters) China hedge fund manager Li Lu may eventually take Warren Buffett’s job managing money for Berkshire Hathaway (NYSE: BRK.B). (NYTimes) Douglas A. McIntyre Filed under: [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Jul 2010 | 6:00 am The Twitter-24/7 Wall St. Market Watch (7/30/2010): Facebook IPO, Disney Dumps MiramaxTwitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds. 24/7 Wall St. will look at the Twitter [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 30 Jul 2010 | 5:43 am European stocks falter before US output data (AFP)
Source: Yahoo! News: Stock Markets News | 30 Jul 2010 | 4:49 am An Unnecessary Headline?
Source: Business Pundit | 30 Jul 2010 | 4:49 am The Mortgage Mess's Dirty Details (By the Numbers)Hough: New research shows how Congress pandered during the bubble.
Source: SmartMoney.com | 30 Jul 2010 | 4:35 am How Will Retailers Fare This Quarter? (Broker Talk)Two economists discuss how consumer confidence could affect sales.
Source: SmartMoney.com | 30 Jul 2010 | 4:11 am Beauty and the Buck: A Financial Tale (Money and Your Mind)Pretty may pay better, but it can also trigger an anti-beauty bias.
Source: SmartMoney.com | 30 Jul 2010 | 3:01 am The Week in Business Tweets: Swift Moves (Twitter Beat)Goldman Sachs's end run around the Volcker Rule, plus an IPO for Carlyle?
Source: SmartMoney.com | 30 Jul 2010 | 3:01 am
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you can even wear a disguise…makeup type mask… no talking required… 
