Monday, July 19, 2010

Business - 19 July 2010

  • Scams: A Sucker Retires Every Minute
    Mon, 19 Jul 2010 07:06:27 -0700
  • Gen Y's Empty Piggy Bank
    Mon, 19 Jul 2010 07:06:27 -0700
  • Get A Bigger Social Security Check Now
    Mon, 19 Jul 2010 07:00:00 -0700
    Repay and reapply for higher benefits before it's too late. This ''loophole'' could close soon.
  • Airbus, Boeing Rely on Leasing Companies for Air Show Orders
    Mon, 19 Jul 2010 07:00:00 -0700
    Airbus SAS and Boeing Co. relied on leasing companies for the bulk of their orders on the first day of the Farnborough Air Show, underscoring the financiers’ return to the market after the economic crisis.
  • Stocks Advance on Earnings, Takeovers; Treasuries Retreat
    Mon, 19 Jul 2010 06:59:00 -0700
    U.S. and European stocks advanced, while Treasuries retreated, as Halliburton Co. reported earnings that beat estimates and takeover offers lifted shares of companies from Australia to the U.K. and America. Oil rallied.
  • BP stock slips 4% on seepage worries
    Mon, 19 Jul 2010 06:57:41 -0700
    BP's stock price slipped 4% in early Monday trading after a U.S. government official sparked concerns about oil seeping out of the capped well into the Gulf of Mexico.
  • U.S. stocks are up after Friday's brutal sell-off
    Mon, 19 Jul 2010 06:56:58 -0700
    U.S. stocks have opened higher as investors are likely bargain-hunting after last Friday's brutal sell-off, ahead of a flurry of major second-quarter earnings.
  • First Farnborough deals unveiled
    Mon, 19 Jul 2010 06:53:53 -0700
    Emirates says it will buy 30 Boeing 777 aircraft in a deal worth $9.1bn, while Airbus receives a $4.4bn order from Air Lease Corp.
  • Watchdog: Auto dealers shut down too fast
    Mon, 19 Jul 2010 06:51:41 -0700
    Automakers GM and Chrysler were pressured to quickly close hundreds of dealerships by the Treasury department without regard for the job losses that would result, according to a government watchdog report out Sunday.
  • European Banks May Face Same Capital Threshold as U.S. Tests
    Mon, 19 Jul 2010 06:49:52 -0700
    Banks may be required to have a Tier 1 capital ratio of at least 6 percent under stress tests being prepared by European regulators, the same threshold U.S. lenders faced last year, according to two people briefed on the talks.
  • Nokia Siemens buys Motorola network ops for $1.2 billion
    Mon, 19 Jul 2010 06:45:17 -0700
    HELSINKI (Reuters) - Nokia Siemens Networks (NSN) is buying Motorola Inc's telecom network equipment business, boosting its position in North America and taking number two spot in the cut-throat mobile gear market.

  • Midterm Gridlock Points to Stock Gains
    Mon, 19 Jul 2010 06:45:00 -0700
    Growing dissatisfaction with U.S. President Barack Obama before this year’s elections is good news for stock investors, if history is any guide.
  • Tomkins gets $4.5 billion bid approach
    Mon, 19 Jul 2010 06:44:06 -0700
    LONDON (Reuters) - Car parts maker Tomkins Plc received a $4.5 billion bid approach from a Canadian consortium, the latest example of North American buyers eager to capitalize on sterling weakness to snap up British assets.

  • Stocks start week on good note
    Mon, 19 Jul 2010 06:43:04 -0700
    Stocks opened higher Monday, regaining some ground lost in the previous week's slump, as investors entered a week full of second-quarter results from corporate America.
  • Halliburton Adds Jobs as Onshore Boom Lifts Profit
    Mon, 19 Jul 2010 06:41:00 -0700
    Halliburton Co., the biggest provider of land-based oilfield services in the U.S., added 1,700 jobs in the second quarter as gains in onshore drilling spurred an 83 percent jump in profit.
  • Wall St opens higher after steep fall
    Mon, 19 Jul 2010 06:40:37 -0700
    NEW YORK (Reuters) - Stocks opened higher on Monday, signaling the S&P could bounce back from its worst one-day drop since June 29 on Friday, as earnings season kicks into high gear.

  • U.S. Stocks Advance as Earnings Reports Give Investors Optimism
    Mon, 19 Jul 2010 06:39:00 -0700
    U.S. stocks climbed, with the Standard & Poor’s 500 Index rebounding from the biggest selloff this month amid optimism about earnings from companies such as Halliburton Co.
  • Stocks Look To Recover After Friday Flop
    Mon, 19 Jul 2010 06:35:00 -0700
    Bulls poke their heads out as week begins with modest gains.
  • Argentines Buck UBS Peso Forecast as Deposits Surge
    Mon, 19 Jul 2010 06:30:00 -0700
    Argentines are pouring the most money into peso-denominated certificates of deposit in at least 16 months as a bet the currency is unlikely to fall as fast as Barclays Plc and UBS AG are predicting.
  • Telefonica Said to Hire Lawyers to Break Up Brasilcel
    Mon, 19 Jul 2010 06:27:00 -0700
    Telefonica SA hired a Dutch law firm to help dissolve a venture with Portugal Telecom SGPS SA, after abandoning a 7.15 billion-euro ($9.3 billion) offer to buy out its Portuguese partner, a person close to the situation said.
  • Obama to Senate: Pass the unemployment bill
    Mon, 19 Jul 2010 06:25:04 -0700
    With millions of jobless living without a government lifeline, President Obama is urging the Senate to extend jobless benefits when it votes Tuesday.
  • FTSE 100 rises on International Power tie-up talk
    Mon, 19 Jul 2010 06:24:54 -0700
    The FTSE 100 erased early losses on Monday, as mergers and acquisitions news offset concerns over the global economy and BP.
  • Siemens VAI, Shriram EPC consortium wins order from SAIL
    Mon, 19 Jul 2010 06:20:59 -0700
    MUMBAI (Reuters) - Siemens VAI Metals, a unit of Siemens AG said on Monday its consortium with India's Shriram EPC has won an order to construct a rolling mill for Steel Authority of India's plant at Durgapur.
  • Investors worry about seepage at capped BP well
    Mon, 19 Jul 2010 06:20:38 -0700
    LONDON/HOUSTON (Reuters) - Investors fretted about possible seepage from BP's capped Gulf of Mexico well on Monday and speculation grew about assets the company may sell to pay multibillion dollar costs for its oil spill.
  • Govt not worried about hefty current account deficit
    Mon, 19 Jul 2010 06:20:26 -0700
    NEW DELHI (Reuters) - India's $13 billion current account deficit is manageable and will be covered by capital inflows, Trade Secretary Rahul Khullar said on Monday, playing down concerns about the worst shortfall in nearly 3 decades.
  • 50 Words About Brew Dog Paradox Isle of Arran
    Mon, 19 Jul 2010 06:15:43 -0700
    Scotland's punk brewers use Isle of Arran whisky casks to mature an imperial stout. Pours a dark, op
  • China seals oil port after spill; PetroChina cuts runs
    Mon, 19 Jul 2010 06:10:59 -0700
    BEIJING (Reuters) - One of China's biggest ports, Dalian, shut on Monday after an offshore pipeline explosion triggered a major oil spill, forcing a refinery to cut processing and importers to divert cargoes elsewhere.
  • Hungary under pressure to agree with IMF
    Mon, 19 Jul 2010 06:10:48 -0700
    BUDAPEST (Reuters) - Hungary's markets sold off on Monday after the government rebuffed lenders' calls for tougher austerity measures, bringing weekend talks on further aid to a premature end and rattling investor confidence.
  • Nokia Siemens buys Motorola network ops for $1.2 bln
    Mon, 19 Jul 2010 06:10:38 -0700
    HELSINKI (Reuters) - Nokia Siemens Networks (NSN) is buying Motorola Inc's telecom network equipment business, boosting its position in North America and taking number two spot in the cut-throat mobile gear market.
  • Countries upbeat on bank tests, some doubts linger
    Mon, 19 Jul 2010 06:10:26 -0700
    LONDON (Reuters) - Bankers and officials in Spain, Greece and Belgium joined a chorus of countries expecting no big shocks from Europe's stress test of its banks amid lingering doubts the health check will be severe or transparent enough.
  • An American (Library) in Paris
    Mon, 19 Jul 2010 06:06:25 -0700
    The American Library in Paris is a rich resource for booklovers and Francophiles alike.
  • Middle Eastern buyers poised to star at Farnborough
    Mon, 19 Jul 2010 06:06:19 -0700
    FARNBOROUGH, England (Reuters) - Middle Eastern buyers were ready to place some of the largest orders at Farnborough as the global aviation industry's biggest airshow opened in the sleepy southern England town on Monday.

  • Toll Brothers to invest in distressed real estate
    Mon, 19 Jul 2010 05:56:41 -0700
    NEW YORK (Reuters) - Luxury homebuilder Toll Brothers Inc will launch an investment fund to buy up distressed real estate assets, including loan portfolios and land for development, the company said on Monday.

  • Investors lost more faith in brokers: study
    Mon, 19 Jul 2010 05:55:21 -0700
    NEW YORK (Reuters) - Investors have grown more skeptical of their full-service brokers, even as overall satisfaction rebounded along with the markets during the past year, according to the latest J.D. Power & Associates survey.

  • Feinberg's BP Pay: Should It Be Disclosed?
    Mon, 19 Jul 2010 05:51:05 -0700
    Kenneth Feinberg should disclose his compensation as administrator of the BP spill fund, a law profe
  • Rupee falls to 2-week low on corp demand; NDFs
    Mon, 19 Jul 2010 05:50:27 -0700
    MUMBAI (Reuters) - The rupee fell to its lowest level in two weeks on Monday weighed down by dollar demand from two large corporates and a sharp fall in the offshore forward rupee.
  • Beachside Bookworm: The Toys Are Back in Town
    Mon, 19 Jul 2010 05:43:32 -0700
    Beachside Bookworm: A rousing behind-the-scenes look at Toy Story 3.
  • Hasbro quarterly revenue falls short
    Mon, 19 Jul 2010 05:42:36 -0700
    NEW YORK (Reuters) - Hasbro Inc reported a sharper-than-expected sales decline on Monday, but beat profit expectations on cost cuts and said new projects should help it do better in the second half of the year.

  • Halliburton profit jumps but ban to hurt results
    Mon, 19 Jul 2010 05:41:25 -0700
    NEW YORK (Reuters) - Halliburton Co reported a better-than-expected 83 percent jump in quarterly profit on Monday, helped by strong U.S. onshore drilling, but a ban on deepwater activity in the Gulf of Mexico is expected to hurt full-year results.

  • Get The Show On The Road With The Texas Rangers Bankruptcy Case
    Mon, 19 Jul 2010 05:12:25 -0700
    The judge in the Texas Rangers bankruptcy case needs to stick to the Aug. 4 open auction to sell the
  • Farnborough Airshow 2010: Emirates orders 30 Boeing 777 planes for $9.1bn
    Mon, 19 Jul 2010 04:29:31 -0700
    Emirates Airline kicked off the Farnborough Airshow on Monday with an order for 30 Boeing long-range 777 aircraft worth a combined $9.1bn.
  • Tomkins shares leap on £2.9bn Canadian bid approach
    Mon, 19 Jul 2010 03:57:35 -0700
    Tomkins, whose manufacturing business ranges from car parts to bath tubs, has received a 325 pence-a-share cash offer from a Canadian consortium.
  • US futures signals rebound
    Mon, 19 Jul 2010 03:51:02 -0700
    Futures on major U.S. indices point to a higher opening on Monday indicating that stocks may rebound from its biggest sell-off this month on Friday.
  • Our banks never cease to amaze me
    Mon, 19 Jul 2010 03:22:45 -0700
    Given their track record, our banks rarely leave me gobsmacked. But that's how I felt last week when the Financial Services Authority published its proposed new rules for people making mortgage applications.
  • A platinum investment could outshine gold
    Mon, 19 Jul 2010 02:53:59 -0700
    The summer doldrums for metals prices is here - and we could see a couple of months of falls.

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