Thursday, June 17, 2010

Business - 17 June 2010

  • Banks ignore the Fed on pay
    Thu, 17 Jun 2010 10:16:35 -0700
    Last October the Federal Reserve issued proposed guidance to banks on the structure of bank pay. The reason for the guidance was the need for banks to change pay so it would no longer encourage the excessive risk taking that led to the financial crisis.
  • Massachusetts to Sell $250 Million With Yield at 8-Week High
    Thu, 17 Jun 2010 10:15:00 -0700
    Massachusetts, whose reserve dwindled by more than half last year, plans to sell $250 million in fixed-rate, tax-exempt bonds with yields at an eight-week high.
  • Part-time retirement saving
    Thu, 17 Jun 2010 10:14:51 -0700
    Question: I'm a full-time student who has a part-time job at a community college. Can I start contributing to an IRA? -- Eiko, Atlanta, Georgia
  • BP 'disregarded dangers' at well
    Thu, 17 Jun 2010 10:14:25 -0700
    BP chief Tony Hayward is told by Congress his firm ignored oil well dangers and is personally accused of "stonewalling".
  • Lawmakers: BP 'oblivious'
    Thu, 17 Jun 2010 10:13:27 -0700
    Lawmakers raked BP's corporate culture Thursday, calling the firm's top leadership "oblivious" to what was happening with its doomed oil well, in the first congressional appearance by chief executive Tony Hayward since the Gulf of Mexico oil spill began nearly two months ago.
  • Mortgage-Fraud Crackdown in U.S. Brings 485 Arrests (Update2)
    Thu, 17 Jun 2010 10:13:00 -0700
    Authorities arrested 485 people since March in the largest nationwide mortgage-fraud crackdown of its kind, the U.S. Justice Department said.
  • EU to publish data on bank risks
    Thu, 17 Jun 2010 10:12:02 -0700
    EU leaders agree to publish "stress tests" of banks next month to show investors where any potential risks lie.
  • Volkswagen Plans Its U.S. Attack
    Thu, 17 Jun 2010 10:10:00 -0700
    It's been decades since Germany's VW was a major player in the U.S. market. But the company is about to make its move.
  • Volkswagen Plans Its U.S. Attack
    Thu, 17 Jun 2010 10:10:00 -0700
    It's been decades since Germany's VW was a major player in the U.S. market. But the company is about to make its move.
  • Which American Owns The Most Oil?
    Thu, 17 Jun 2010 10:08:51 -0700
    Harold Hamm of Continental Resources, that's who.
  • Government axes £2bn of projects
    Thu, 17 Jun 2010 10:08:08 -0700
    Coalition ministers cancel 12 projects worth £2bn agreed to by the previous Labour government since the start of 2010.
  • Brazil’s Orange Crop to Rise on Weather, Cutrale Says (Update2)
    Thu, 17 Jun 2010 10:08:00 -0700
    The Brazilian Orange Belt’s crop, the world’s largest, may rise for the first year in three in 2011 on drier weather, said Sucocitrico Cutrale Ltda. and Louis Dreyfus & Cie SA, which represent 45 percent of global output.
  • Prescription Drugs Match Heroin, Cocaine in Overdoses in U.S.
    Thu, 17 Jun 2010 10:06:13 -0700
    Emergency-room visits from abuse of prescription and over-the-counter medicines doubled in the U.S. in four years, matching for the first time the number of overdoses of illegal drugs such as cocaine and heroin.
  • Treasuries Advance as Jobless Claims Increase, Inflation Falls
    Thu, 17 Jun 2010 10:05:00 -0700
    Treasuries rose, pushing 10-year yields to the lowest in a week, as reports showed an unexpected jump in jobless-benefit claims and a drop in consumer prices, spurring bets the Federal Reserve will keep interest rates low.
  • Hayward Says He Wasn’t Part of Decision-Making on Failed Well
    Thu, 17 Jun 2010 10:04:10 -0700
    BP Plc Chief Executive Officer Tony Hayward told lawmakers he didn’t take part in decisions on drilling the well in the Gulf of Mexico that blew out, triggering the worst U.S. oil spill.
  • Proof Of Why Spouses Make Lousy Business Partners
    Thu, 17 Jun 2010 10:03:11 -0700
    A true tale of unreported income, adultery, a missing flash drive and a voluntary disclosure to the IRS.
  • AOL Sells Bebo to Criterion for Less Than $10 Million (Update2)
    Thu, 17 Jun 2010 10:03:00 -0700
    AOL Inc., the Internet company spun off from Time Warner Inc., sold its Bebo social-networking service to Criterion Capital Partners LLC for less than 2 percent of what it paid for the site two years ago.
  • Credit Card Rental Car Insurance How-To
    Thu, 17 Jun 2010 10:00:44 -0700
    Most people know about this coverage perk, but few have any idea about how to cash in. Find out here.
  • Stocks slide on economic woes
    Thu, 17 Jun 2010 10:00:20 -0700
    Stocks slipped Thursday as worse-than-expected reports on jobs and manufacturing gave investors a reason to sell after a sharp rally over the last week.
  • America's Richest Oilmen
    Thu, 17 Jun 2010 10:00:00 -0700
    Harold Hamm of Continental Resources owns more oil and gas than any other American. And none of it's in the deepwater.
  • America's Richest Oilmen
    Thu, 17 Jun 2010 10:00:00 -0700
    Harold Hamm of Continental Resources owns more oil and gas than any other American. And none of it's in the deepwater.
  • The UK economy in graphs
    Thu, 17 Jun 2010 09:58:19 -0700
    Track Britain's economic boom and bust in eight key graphs.
  • Jaguar's Richard Beattie
    Thu, 17 Jun 2010 09:56:45 -0700
    Marketing Executive discusses Jaguar's new image created by recent buyer Tata Motors.
  • Robert Peston
    Thu, 17 Jun 2010 09:52:17 -0700
    Why the BP dividend was suspended
  • Budget 2010: what should George Osborne do in the emergency Budget?
    Thu, 17 Jun 2010 09:51:48 -0700
    George Osborne is poised to deliver Britain's first emergency Budget to tackle Britain's record deficit.
  • Market slips after weak factory, jobless data
    Thu, 17 Jun 2010 09:51:39 -0700
    NEW YORK (Reuters) - Stocks slipped on Thursday as data on regional factory activity and jobless claims underscored worries about the pace of the economic recovery.

  • Microsoft Slumps As Apple Trumps
    Thu, 17 Jun 2010 09:48:23 -0700
    What the companies' reversal of fortune says about antitrust.
  • Lawmakers hand Fed another victory in Wall St bill
    Thu, 17 Jun 2010 09:46:57 -0700
    WASHINGTON (Reuters) - The Federal Reserve on Thursday won another battle to maintain its independence as lawmakers crafting a final Wall Street reform bill dropped a plan to make one of its top officials a political appointee.

  • BUSINESS BOOKS - Bigger bonus, worse performance
    Thu, 17 Jun 2010 09:42:52 -0700
    NEW YORK (Reuters) - Around the turn of every year, bankers can think of only one thing: the size of their bonuses.
  • Sri Lanka says buying back Shell gas stake
    Thu, 17 Jun 2010 09:42:41 -0700
    COLOMBO (Reuters) - Sri Lanka's government on Thursday said it plans to repurchase the majority stake of Royal Dutch Shell's local arm Shell Gas Lanka, in the second announced buyback of formerly state-owned assets in two months.
  • DryShips Sails Against The Crude Current
    Thu, 17 Jun 2010 09:42:39 -0700
    DryShips gets a downgrade from Credit Suisse but we think DryShips may be starting to look attractiv
  • Cautious women trump wealthy men in UK - survey
    Thu, 17 Jun 2010 09:41:41 -0700
    LONDON (Reuters) - The number of rich women outnumbered men in Britain for the first time last year, their numbers and wealth boosted by longer lifespans and an aversion to risky investments, new research showed on Thursday.
  • Regulation Discount Already Baked Into Bank Stocks
    Thu, 17 Jun 2010 09:40:00 -0700
    Reform will have an impact on earnings, but Citi analysts say it's already priced into financial shares.
  • Buffett's And Gates' Giving: How To Do It Right
    Thu, 17 Jun 2010 09:35:00 -0700
    Yes, billionaires should be more generous--but only in the ways that really help.
  • U.S. regulators move forward with broadband rules
    Thu, 17 Jun 2010 09:33:00 -0700
    WASHINGTON (Reuters) - U.S. communications authorities on Thursday took a small but significant step toward regulating high-speed Internet in a bid to reclaim oversight, setting the stage for an eventual legal showdown with industry heavyweights.

  • To Outsmart Wall Street, Emphasize Discipline Over Daring
    Thu, 17 Jun 2010 09:27:01 -0700
    Investment Guide editor discovers new twists to old strategies.
  • Real Estate Nourishment For Yield Hunger
    Thu, 17 Jun 2010 09:27:00 -0700
    A closed-end fund with a fat yield looks good to go.
  • Questor Plus Podcast: Great British Engineers
    Thu, 17 Jun 2010 09:03:13 -0700
    Audio: Why engineering companies are a good investment.
  • Patent suit against Staples can proceed
    Thu, 17 Jun 2010 08:54:31 -0700
    NEW YORK (Reuters) - A federal court judge ruled that a patent infringement lawsuit filed by PaperPro stapler maker Accentra against Staples Inc can go to trial, PaperPro said on Thursday.

  • Gold rises 1 pct to session high above $1,240/oz
    Thu, 17 Jun 2010 08:37:26 -0700
    Gold prices rose 1 percent in Europe on Thursday as demand for the metal as a haven from financial risk in the euro zone pushed the metal through key technical levels, triggering further buying.
  • Two U.S. IPOs open higher, one delayed
    Thu, 17 Jun 2010 08:36:50 -0700
    NEW YORK (Reuters) - Two U.S. initial public offerings opened above their IPO prices on Thursday while a third cut its offering and delayed its pricing.

  • Business Book: Bigger bonus, worse performance
    Thu, 17 Jun 2010 08:28:43 -0700
    NEW YORK (Reuters) - Around the turn of every year, bankers can think of only one thing: the size of their bonuses.

  • Wall St firms as Spain anxiety eases
    Thu, 17 Jun 2010 08:21:38 -0700
    U.S. stocks opened modestly higher on Thursday as anxiety eased over Spain's sovereign debt, though early gains were limited after data showed jobless claims rose unexpectedly.
  • Swiss parliament approves UBS-U.S. tax deal
    Thu, 17 Jun 2010 08:07:21 -0700
    ZURICH (Reuters) - The Swiss parliament has finally backed a treaty to give the U.S. details of clients UBS AG helped dodge taxes, ending nearly a year of uncertainty that threatened the Swiss bank's recovery.

  • Jobless claims, price data back low rates policy
    Thu, 17 Jun 2010 07:56:12 -0700
    WASHINGTON (Reuters) - New claims for jobless aid rose last week while consumer prices notched their largest decline in nearly 1-1/2 years in May, suggesting interest rates will remain ultra low to nurse the fragile economic recovery.

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