Friday, July 23, 2010

Business - 23 July 2010

  • China real estate portal SouFun preparing IPO -sources
    Fri, 23 Jul 2010 09:05:05 -0700
    SouFun, China's No. 2 online real estate website, is preparing for a U.S. initial public offering worth up to $300 million, in what could be the largest such listing by a Chinese Web company this year, sources said.
  • Ford profit tops Street view; shares climb
    Fri, 23 Jul 2010 09:00:26 -0700
    DETROIT (Reuters) - Ford Motor Co posted a stronger-than-expected quarterly profit of $2.6 billion and said it was on track for higher earnings and lower debt in 2011, sending its shares up 3 percent in premarket trade.
  • Stocks churn on European woes
    Fri, 23 Jul 2010 08:55:04 -0700
    Stocks struggled Friday as investors welcomed better-than-expected results from Microsoft, Ford Motor and other companies, but showed caution ahead of reports on European stress tests and executive compensation.
  • Pay czar Feinberg blasts banks on bonuses
    Fri, 23 Jul 2010 08:52:49 -0700
    WASHINGTON (Reuters) - Seventeen big banks getting bailouts from taxpayers made "ill-advised" overpayments to executives in late 2008 and early 2009, but they can't be forced to pay them back, U.S. pay czar Kenneth Feinberg said on Friday.


  • Banks paid big $ to execs during crisis
    Fri, 23 Jul 2010 08:48:57 -0700
    Nearly twenty financial firms including Citicorp and Goldman Sachs made $1.6 billion in "ill-advised" payments to executives during the peak of the financial crisis.
  • Judge OKs Intel antitrust accord with shareholders
    Fri, 23 Jul 2010 08:44:33 -0700
    NEW YORK (Reuters) - A federal judge approved on Friday a settlement of litigation brought by Intel Corp shareholders and designed to help the world's largest chipmaker avert future antitrust problems.


  • Do-it-yourselfer's guide to the Dow
    Fri, 23 Jul 2010 08:40:13 -0700
    Question: How can I compute the Dow Jones Industrial Average on my own each day? --Sam Cordova, Los Angeles, Calif.
  • What we know about the EU bank stress-test so far
    Fri, 23 Jul 2010 08:36:27 -0700
    It's hard to keep something as big as the results of the EU bank stress-test secret which are due for official release at noon New York time. Through leaks to the media by documents, anonymous sources, and comments by public officials, quite a few details have emerged.
  • India's puppets fight bleak future
    Fri, 23 Jul 2010 08:34:31 -0700
    Shadow-puppetry is an art-form that dates back hundreds of years, and has provided a living generations of puppet-masters.
  • Rolls-Royce inks $1.7 billion in airshow orders
    Fri, 23 Jul 2010 08:32:44 -0700
    LONDON (Reuters) - British aircraft engine maker Rolls-Royce said it secured $1.7 billion in orders at the Farnborough Airshow, including deals for its Trent 700 engine, the leading engine for the Airbus A330. Rolls-Royce said on Friday it won orders totaling more than $1 billion for Trent 700s to power 17 Airbus A330s from Russia's Aeroflot and Garuda Indonesia Airlines.


  • FACTBOX - Galleon case hinges on secret recordings
    Fri, 23 Jul 2010 08:30:26 -0700
  • Investors Wanted More From McDonald's
    Fri, 23 Jul 2010 08:30:00 -0700
    This morning, McDonald's (MCD) announced second quarter earnings of $1. 23 billion as new coffee drinks
  • AT&T could unveil multi-billion dollar share buyback in Q4, says analyst
    Fri, 23 Jul 2010 08:28:47 -0700
    AT&T could announce a share repurchase program before year-end and may increase its dividend, an analyst with Credit Suisse said in a note to clients.
  • No East Coast lobster ban - for now
    Fri, 23 Jul 2010 08:27:57 -0700
    A proposed ban on lobstering has been put on ice, at least for the next few months.
  • McDonald's same-store sales miss view
    Fri, 23 Jul 2010 08:26:17 -0700
    LOS ANGELES/NEW YORK (Reuters) - McDonald's Corp reported weaker-than expected sales at established restaurants, overshadowing a profit beat for the second quarter, and shares dropped 2 percent.


  • AAII: Investor Pessimism Still Lurking
    Fri, 23 Jul 2010 08:25:45 -0700
    Bearish sentiment has been above 40% during six out of the past nine weeks.
  • Are You Financially Faithful?
    Fri, 23 Jul 2010 08:25:41 -0700
    Married couples apparently lie to one another about their spending habits more than anything else.
  • Can You Maintain Virtue In Vice Stocks?
    Fri, 23 Jul 2010 08:25:00 -0700
    When a company's fundamental business carries moral questions, it creates complications for investors.
  • Will Europe's banks pass the test?
    Fri, 23 Jul 2010 08:21:14 -0700
  • RBI proposes to allow cost reduction derivatives
    Fri, 23 Jul 2010 08:20:50 -0700
    MUMBAI (Reuters) - The Reserve Bank of India (RBI) on Friday said it is proposing to allow cost reduction structures for currency risk management, subject to certain conditions.
  • Rajaratnam assails wiretaps in signature U.S. case
    Fri, 23 Jul 2010 08:20:40 -0700
    NEW YORK (Reuters) - Galleon Group hedge fund founder Raj Rajaratnam is making an all-out legal assault to get the first wiretaps used in a widespread probe of insider trading on Wall Street thrown out, but legal experts doubt the defendant will succeed.
  • Crunch time for Europe's banking credibility
    Fri, 23 Jul 2010 08:20:28 -0700
    LONDON/MADRID (Reuters) - Europe's attempt to restore confidence in its banks comes to a head on Friday with widespread expectation that up to 10 lenders will fail the test and have to raise capital.
  • Beira Corridor
    Fri, 23 Jul 2010 08:18:41 -0700
    Mozambique gambles on trade superhighway
  • The Direct Edge Exchanges
    Fri, 23 Jul 2010 08:18:31 -0700
    Direct Edge CEO William O'Brien explains what it's like to become America's newest stock exchanges.
  • Most iPhone users love AT&T
    Fri, 23 Jul 2010 08:14:09 -0700
    Despite a very vocal group of detractors, the vast majority of iPhone users love AT&T.
  • Angelina Jolie and the Salt Gender Switch
    Fri, 23 Jul 2010 08:13:58 -0700
    Several male actors were considered for the role of CIA rogue Edwin A. Salt, but none so much as Tom
  • Mad Men is back - so is product placement
    Fri, 23 Jul 2010 08:10:28 -0700
    Expect Don Draper to mention Chase a time or two this season. The AMC hit show, based on an ad agency in the 1960s, has been a dream for some products and an unwelcome sight for others.
  • Ratings agencies threaten Hungary with downgrade
    Fri, 23 Jul 2010 08:00:27 -0700
    BUDAPEST (Reuters) - Two top ratings agencies said on Friday they might downgrade Hungary's sovereign debt after its prime minister snubbed the IMF and rejected austerity measures in favour of a pro-growth policy to woo voters.
  • Wall Street edges up on earns, ahead of stress tests
    Fri, 23 Jul 2010 07:58:39 -0700
    NEW YORK (Reuters) - The S&P 500 and Dow Industrials edged higher on Friday as another round of solid corporate earnings offset uncertainty ahead of European bank stress test results.


  • Which tech exec make $1?
    Fri, 23 Jul 2010 07:57:37 -0700
    Who makes $1 a year? Who gets $85 million? Take the quiz to find out.
  • Crunch time for Europe's banking credibility
    Fri, 23 Jul 2010 07:56:02 -0700
    LONDON/MADRID (Reuters) - Europe's attempt to restore confidence in its banks comes to a head on Friday with widespread expectation that up to 10 lenders will fail the test and have to raise capital.


  • Newark mayor: No toilet paper for city offices
    Fri, 23 Jul 2010 07:54:28 -0700
    In a desperate attempt to fill a $70 million budget hole, Newark's mayor is taking a chainsaw to the town's budget -- even going so far as to cut toilet paper from the 2010 budget.
  • Golden Arches Serves Up A Bounty But Market Has No Appetite
    Fri, 23 Jul 2010 07:50:28 -0700
    McDonald's beats the Street's expectations on earnings, but same-store sales didn't meet forecasts.
  • Rajaratnam assails wiretaps in signature U.S. case
    Fri, 23 Jul 2010 07:49:53 -0700
    NEW YORK (Reuters) - Galleon Group hedge fund founder Raj Rajaratnam is making an all-out legal assault to get the first wiretaps used in a widespread probe of insider trading on Wall Street thrown out, but legal experts doubt the defendant will succeed.


  • Flipboard hype crashes servers
    Fri, 23 Jul 2010 07:46:22 -0700
    Just hours into its public debut, the highly anticipated, glowingly reviewed, social media aggregating iPad application called Flipboard crashed.
  • Manufacturers continue streak of profit beats
    Fri, 23 Jul 2010 07:45:14 -0700
    BOSTON/NEW YORK (Reuters) - Manufacturers Honeywell International Inc , Ingersoll-Rand Plc and Dover Corp posted better-than-expected results on Friday, saying they were increasingly confident in the economic recovery.


  • Swaps Tax Treatment Confusion Cleared Up With Fin Reg
    Fri, 23 Jul 2010 07:42:57 -0700
    Tax attorney weighs in on what Fin Reg means for swaps contracts.
  • Ford turnaround picks up speed
    Fri, 23 Jul 2010 07:42:35 -0700
    Ford Motor continued its successful turnaround as better-than-expected sales and profits easily outdistanced expectations and reversed the operating loss of a year ago.
  • Chipotle Gets Caliente Again
    Fri, 23 Jul 2010 07:40:00 -0700
    The burrito joint's stock shoots higher after second quarter earnings dazzle.
  • Stocks waver ahead of bank stress-test results
    Fri, 23 Jul 2010 07:39:44 -0700
    The stock market is wavering between as anxious investors wait for the results of the EU bank stress tests.
  • First Tylenol, now Pepcid, has quality lapses
    Fri, 23 Jul 2010 07:32:37 -0700
    Another Johnson & Johnson manufacturing plant -- this one making heartburn and gas relief drugs Pepcid, Immodium and Mylanta -- was cited for a pattern of quality lapses similar to those seen at the company's shuttered Tylenol plant.
  • Dell settles fraud charges
    Fri, 23 Jul 2010 07:21:22 -0700
    Dell has agreed to pay $100 million to settle fraud charge from the Securities and Exchange Commission, the SEC announced on Thursday, ending a five-year old case that has plagued the company and its chief executive, Michael Dell.
  • FTSE 100 slips slightly ahead of bank stress tests
    Fri, 23 Jul 2010 06:52:29 -0700
    Investors remained cautious on Friday ahead of the results of stress tests on European banks.
  • Ford profit tops Wall Street forecasts
    Fri, 23 Jul 2010 06:39:35 -0700
    DETROIT (Reuters) - Ford Motor Co posted a stronger-than-expected quarterly profit of $2.6 billion and said it was on track for higher earnings and lower debt in 2011, sending its shares up 3 percent in premarket trade.


  • Euro up on data; risks from stress tests
    Fri, 23 Jul 2010 06:39:13 -0700
    Another strong data release boosted the euro on Friday when the German Ifo index came in above forecasts, but analysts said there were downside risks for the currency, even if bank stress test results were benign.

No comments: