Wednesday, March 31, 2010

Business News - 31 March 2010

  • Freddie's Not Afraid Of Post-Fed Mortgage-Backed Market
    Wed, 31 Mar 2010 04:30:00 -0700
    The Fed pulls out of mortgage-backed securities, but Freddie Mac's CEO and others don't envision any major calamities as a result.
  • Wealth In Japan Could Boost Spending
    Wed, 31 Mar 2010 04:00:00 -0700
    As the population ages, low savings rates are to be expected.
  • Parsing Information In The Google Era
    Wed, 31 Mar 2010 04:00:00 -0700
    Creating personal connections to data can help you absorb and filter information.
  • 'Small Time Operator' In the Internet Age
    Wed, 31 Mar 2010 04:00:00 -0700
    A small-business guru expounds on the virtues of a paper ledger.
  • The Market's Not Ready For Fed To Leave
    Wed, 31 Mar 2010 04:00:00 -0700
    The Forbes Investor Team panelists are wary of what will happen to mortgage-backed securities once the Fed stops buying them.
  • Prognosticating The Apple
    Wed, 31 Mar 2010 04:00:00 -0700
    What the next Apple product should look like.
  • The Asian Trade Gorilla
    Wed, 31 Mar 2010 04:00:00 -0700
    Asia now trades more with China than with the U.S., complicating currency moves.
  • Regulators Tackle Sky
    Wed, 31 Mar 2010 04:00:00 -0700
    Forcing the satellite broadcaster to cut wholesale prices will also hit revenues for the Premier League.
  • Wealth In Japan Could Boost Spending
    Wed, 31 Mar 2010 04:00:00 -0700
    As the population ages, low savings rates are to be expected.
  • World stocks steady, set for 4th quarterly rise
    Wed, 31 Mar 2010 03:35:10 -0700
    LONDON (Reuters) - World equities ticked down on Wednesday though they were headed for their fourth consecutive quarterly rise, while the dollar hit a three-month high against the yen and the Australian dollar fell.

  • Exports seen up 15-20 pct yr/yr in FY11 - trade min
    Wed, 31 Mar 2010 03:30:49 -0700
    NEW DELHI (Reuters) - India's exports are expected to grow 15-20 percent in the year that starts on April 1, Trade Minister Anand Sharma said on Wednesday.
  • Alok Ind to up polyester capacity, raise prices
    Wed, 31 Mar 2010 03:30:39 -0700
    MUMBAI (Reuters) - Textile firm Alok Industries which raised about 4.24 billion rupees from a share sale to institutions, plans to use part of the funds to double its polyester yarn capacity, a top official said on Wednesday.
  • BSE Sensex provisionally closes down 0.3 pct
    Wed, 31 Mar 2010 03:30:27 -0700
    MUMBAI (Reuters) - The BSE Sensex provisionally closed 0.3 percent lower on Wednesday, weighed down by weak Asian equities, but logged their fifth straight quarterly gain.
  • British Airways Flies Most Routes as European Disruptions Loom
    Wed, 31 Mar 2010 03:26:00 -0700
    British Airways Plc plans to get about 90 percent of its flights off the ground today at London Heathrow airport as the carrier recovers from a second walkout by cabin crew that ended at midnight.
  • Cnooc Profit Misses Estimates After Oil Price Slump (Update3)
    Wed, 31 Mar 2010 03:24:00 -0700
    Cnooc Ltd., China’s biggest offshore energy explorer, reported full-year profit that missed analysts’ estimates as oil prices slumped from a record.
  • Lowest Emerging-Market Bond Yields Spur Record Sales (Update2)
    Wed, 31 Mar 2010 03:24:00 -0700
    Emerging-market companies and governments are borrowing at a record pace to take advantage of all-time low yields as HSBC Global Asset Management and Loomis Sayles & Co. say costs have further to fall.
  • Asian Stocks Decline as March Rally Spurs Valuation Concern
    Wed, 31 Mar 2010 03:24:00 -0700
    Asian stocks fell, led by mining companies and banks, on concern a rally that drove the MSCI Asia Pacific Index to its biggest monthly gain since July had overvalued earnings prospects.
  • U.K. Climate Science ‘Damaged’ by Leaked E-Mails (Update1)
    Wed, 31 Mar 2010 03:23:00 -0700
    Britain’s global warming scientists damaged their reputation with the “unacceptable” withholding of data in response to freedom of information requests, said a panel of lawmakers probing the so-called climategate scandal.
  • Last 30 days to get $8,000 tax credit
    Wed, 31 Mar 2010 03:20:42 -0700
    Attention shoppers: You have barely a month left before the homebuyer tax credit expires. But depending on where you live, you might not want to rush out to buy.
  • Jarvis 'set to cut 800 rail jobs'
    Wed, 31 Mar 2010 03:18:11 -0700
    About 800 job cuts are to be cut at Jarvis by the administrators now running the rail maintenance firm, a union official says.
  • EADS silent after Sarkozy hints at tanker bid
    Wed, 31 Mar 2010 03:18:09 -0700
    MUNICH, Germany (Reuters) - Airbus parent EADS declined to comment on Wednesday after French President Nicolas Sarkozy stoked expectations that it would re-enter a competition to supply aerial tankers to the U.S. Air Force.

  • In Google we trust
    Wed, 31 Mar 2010 03:18:02 -0700
    Google is barnstorming the nation's capital. Five years after it opened its Washington office, the tech giant is playing an increasingly powerful role in public policy debates over everything from patent reform to foreign policy.
  • Sky told to cut wholesale prices
    Wed, 31 Mar 2010 03:11:28 -0700
    UK media regulator Ofcom proposes a cap on the amount Sky charges rivals to show premium sport channels.
  • ADP brings home the bacon
    Wed, 31 Mar 2010 03:11:06 -0700
    Few companies get as easy and guaranteed a PR hit as Automatic Data Processing (ADP). Each month its eponymous payroll report comes out two days before the government's own and gets reported, dissected, and beamed out to anxious market watchers the world over. "You couldn't buy the coverage," says CEO Gary Butler.
  • Europe Inflation Jumps More Than Economists Forecast (Update2)
    Wed, 31 Mar 2010 03:11:00 -0700
    European inflation accelerated more than economists forecast on higher oil prices, while the unemployment rate reached double-digits for the first time since 1998.
  • Feb FDI inflows up 15.4 pct yr/yr - govt
    Wed, 31 Mar 2010 03:10:48 -0700
    NEW DELHI (Reuters) - Foreign direct investments into India in February grew 15.4 percent year-on-year to $1.72 billion, the government said on Wednesday.
  • Some Yahoo email accounts hacked in China, Taiwan
    Wed, 31 Mar 2010 03:10:38 -0700
    BEIJING/SAN FRANCISCO (Reuters) - Yahoo email accounts of some journalists and activists whose work relates to China were compromised in an attack discovered this week, days after Google announced it would move its Chinese-language search services out of China due to censorship concerns.
  • Liquid assets outperform Russell 3000 Index
    Wed, 31 Mar 2010 03:10:26 -0700
    NEW YORK (Reuters Life!) - Investing in wine, not just top Bordeaux from great vintages but even cheap varieties, could be good for your portfolio and is especially useful during a financial crisis, according to two Swiss economists.
  • The coming inflation wave
    Wed, 31 Mar 2010 03:07:43 -0700
    Whether the American economy is in an inflationary or deflationary environment sounds like it should be a fundamental and settled question. But due to the unprecedented financial crisis, the answer is actually subject to intense debate among economists.
  • Bank of Ireland looks beyond "bad bank," recession
    Wed, 31 Mar 2010 03:07:09 -0700
    DUBLIN (Reuters) - Bank of Ireland is to raise private capital, potentially becoming the only member of an Irish "bad bank" scheme to escape a fresh bailout, as Dublin faces years of scrimping to plug the black hole created by the sector.

  • Henderson Says It Has Explained Uncompleted H.K. Home Sales
    Wed, 31 Mar 2010 03:05:00 -0700
    Henderson Land Development Co., the Hong Kong developer that sold an apartment for a world record price, said it explained to the government why only one of 25 sales in the development was completed.
  • J.P. Morgan: Bulls vs. bears
    Wed, 31 Mar 2010 03:03:19 -0700
    If there was one bank that managed to emerge from the financial crisis unscathed, it was J.P. Morgan Chase. Led by CEO Jamie Dimon, the massive financial services company never posted a quarterly loss during the downturn.
  • HDIL to invest in BKC Developers, to make it unit
    Wed, 31 Mar 2010 03:00:39 -0700
    MUMBAI (Reuters) - Housing Development and Infrastructure Ltd said on Wednesday its board has approved making investments in BKC Developers Pvt Ltd and making it a subsidiary company.
  • 7 steps to get your finances back on track
    Wed, 31 Mar 2010 02:35:51 -0700
    Finally, the Great Recession seems to be fading into the distance. The economy grew at a robust 5.9% in the last quarter of 2009. The stock market, while no longer on a tear, is still up about 70% over the past year. And the Fed recently raised its short-term lending rate to banks, a signal that Ben Bernanke & Co. think the financial system is on the mend.
  • U.S. rebound on good footing: Fed's Fisher
    Wed, 31 Mar 2010 02:17:06 -0700
    TUCSON, Arizona (Reuters) - The U.S. economic recovery is gathering speed as business activity picks up pace, despite lingering weakness in employment, Dallas Federal Reserve Bank President Richard Fisher said on Tuesday.

  • Macarthur Coal rejects Peabody $3 billion bid
    Wed, 31 Mar 2010 01:19:28 -0700
    MELBOURNE (Reuters) - Australia's Macarthur Coal rejected a $3 billion bid from U.S. miner Peabody Energy, saying it undervalued the growth prospects of a company which controls a third of the world's supply of a cleaner coal coveted by steelmakers.

  • Redwood Trust mulls sale of mortgage-backed securities: report
    Tue, 30 Mar 2010 22:37:09 -0700
    (Reuters) - Redwood Trust Inc is looking to float at least $200 million worth of securities backed by home mortgage loans, the Wall Street Journal said, citing people familiar with the situation.

  • AIG lawsuit alleging missed "red flags" dismissed
    Tue, 30 Mar 2010 18:16:07 -0700
    NEW YORK (Reuters) - A Manhattan federal judge dismissed a shareholder lawsuit accusing current and former American International Group Inc executives and directors of ignoring "red flags," leading to the insurer's near collapse and about $180 billion of federal bailouts.

  • Lender wants bankruptcy case thrown out
    Tue, 30 Mar 2010 17:13:39 -0700
    NEW YORK (Reuters) - A lender which claims it is owed millions by the domain name operator is asking a U.S. bankruptcy court to dismiss an involuntary bankruptcy case against the company, so it can resume a foreclosure auction, according to new court documents.

  • Should The NCAA Tourney Expand?
    Tue, 30 Mar 2010 16:30:22 -0700
    U.C. Berkeley's men's basketball Coach Mike Montgomery weighs in.
  • What Will Happen To Mortgages?
    Tue, 30 Mar 2010 16:27:36 -0700
    Freddie Mac CEO on the Fed's retreat from mortgage-backed securities.
  • Investors Peel Away Chiquita Shares
    Tue, 30 Mar 2010 16:26:36 -0700
    After hours: MarkWest Energy shares fall; Honywell shares rise on bullish outlook.
  • Consumer confidence rebounds, home prices rise
    Tue, 30 Mar 2010 15:49:40 -0700
    NEW YORK (Reuters) - Consumer confidence rebounded in March, while home prices rose in January for the eighth straight month according to a closely watched housing index, bolstering hopes for a sustainable economic recovery.

  • Forest City Swings To Quarterly Profit
    Tue, 30 Mar 2010 14:46:40 -0700
    Forest City Enterprises swung to a fiscal fourth-quarter profit as the real-estate company benefited from government tax credits and fewer development project write-downs.
  • Dollar up vs yen on consumer confidence; euro slips
    Tue, 30 Mar 2010 14:39:04 -0700
    Sterling rose on Tuesday as data showed the UK economy growing a bit more swiftly than expected while the dollar neared a three-month high against the yen after U.S. data showed consumer confidence rose in March.