Saturday, September 25, 2010

Business - 25 September 2010

  • Elevator Posture: Need a Lift?
    Sat, 25 Sep 2010 06:31:07 -0700
    Every day in New York, people take 30 million elevator rides in 58,000 elevators. It’s a weird nonmoment in which strangers share a tiny space
  • From Lehman to Ice Cream
    Sat, 25 Sep 2010 06:31:07 -0700
  • The Man Who Makes Your iPhone
    Sat, 25 Sep 2010 06:31:07 -0700
  • 4 ways to slash winter energy bills
    Sat, 25 Sep 2010 06:24:15 -0700
  • The dilemma of global currency realignment
    Sat, 25 Sep 2010 06:18:42 -0700
    The West is looking for a realignment of global currencies to help their struggling economies. However, there is one big problem: developing countries may simply not allow their currencies to appreciate.
  • Tropical Storm Matthew Brings Heavy Rain to Honduras
    Sat, 25 Sep 2010 06:11:01 -0700
    Tropical Storm Matthew caused heavy rain and strong winds as it swept across Honduras while a storm warning was issued for part of the coast of Belize in Central America, the U.S. National Hurricane Center said.
  • Buy a $36,000 ring -- on layaway
    Sat, 25 Sep 2010 05:59:29 -0700
    Can't afford that three-karat diamond right away? Consider layaway.
  • BRIC breaking: Brazil's China syndrome
    Sat, 25 Sep 2010 05:50:27 -0700
    SORRISO/NOVO HAMBURGO, Brazil (Reuters) - Even among emerging market powerhouses, Brazil and China stand out.
  • Massive crowds greet iPhone 4 in China
    Sat, 25 Sep 2010 05:48:22 -0700
  • Flat-screen TV prices set to plunge
    Sat, 25 Sep 2010 05:45:10 -0700
    An historically large oversupply of LCD TV panels is causing television prices to fall right in time for the holiday shopping season.
  • 6 tech giants settle DOJ hiring lawsuit
    Sat, 25 Sep 2010 05:37:50 -0700
    Six major technology companies have agreed to settle a federal lawsuit over what regulators say were anti-competitive hiring practices.
  • Anil Ambani to buy stake in ICEX - report
    Sat, 25 Sep 2010 05:20:27 -0700
    MUMBAI (Reuters) - India's market regulator has approved a proposal by billionaire Anil Ambani's group to buy a 26 percent stake in a local commodities exchange, the Economic Times newspaper reaported on Saturday.
  • IMF sees 3.3 percent German growth in 2010: report
    Sat, 25 Sep 2010 04:38:31 -0700
    BERLIN (Reuters) - The German economy should expand by 3.3 percent in 2010 and two percent in 2011, the International Monetary Fund (IMF) will report in early October, German magazine Der Spiegel said on Saturday.

  • Canada Dollar Rises for Fourth Week on Fed Easing Prospects
    Sat, 25 Sep 2010 04:32:04 -0700
    The Canadian dollar rose for a fourth week, the currency’s longest winning streak since May 2009, as the Federal Reserve said it’s willing to ease monetary policy further to boost the U.S. economy, spurring demand for assets that benefit from global growth.
  • Turkish PM does not rule out IMF-backed fiscal reform
    Sat, 25 Sep 2010 04:24:01 -0700
    ISTANBUL (Reuters) - Turkish Prime Minister Tayyip Erdogan said on Saturday he did not completely rule out an International Monetary Fund-backed fiscal reform bill that reins in the public spending.

  • China allows banks to sell loans to each other
    Sat, 25 Sep 2010 03:20:26 -0700
    BEIJING (Reuters) - China has started allowing banks to sell loans to each other, an important step towards giving market forces bigger sway in the country's financial system, the central bank said on Saturday.
  • Asia sucks up fund flows amid global risks - EPFR
    Sat, 25 Sep 2010 03:10:26 -0700
    HONG KONG (Reuters) - Investors made a beeline to Asian equities and emerging market bonds in the latest week, sidestepping risks associated with Europe's finances and anticipating the Federal Reserve will provide even more cheap liquidity, EPFR Global said.
  • Worries over student living costs
    Sat, 25 Sep 2010 02:32:07 -0700
    Thousands of students are beginning or returning to university this weekend and there are warnings many of them could struggle to pay their living costs.
  • Gold hits record, silver reaches 30-year peak
    Sat, 25 Sep 2010 02:30:27 -0700
    NEW YORK (Reuters) - Gold futures rose on Friday, hitting all-time highs above $1,300 an ounce as investors fretted over economic uncertainty after the Federal Reserve raised expectations to take new measures to spur growth.
  • China Allows Banks to Sell Loans on Interbank Market
    Sat, 25 Sep 2010 01:23:00 -0700
    Twenty-one banks agreed in Shanghai today to sell loans on China’s interbank market as the government allowed the transactions for the first time.
  • What does inflation, deflation mean for commodities?
    Sat, 25 Sep 2010 01:20:26 -0700
    LONDON (Reuters) - Range-bound oil has for now lost its value as an inflation hedge, while gold has been spurred to a series of records by expectations of inflation and deflation as the world's central banks are poised for further stimulus.
  • China let banks sell loans to each other
    Sat, 25 Sep 2010 01:00:26 -0700
    BEIJING (Reuters) - China has started allowing banks to sell loans to each other, an important step towards giving market forces bigger sway in the country's financial markets, the central bank said on Saturday.
  • U.S. stocks eye strong September finish
    Fri, 24 Sep 2010 23:50:26 -0700
    NEW YORK (Reuters) - U.S. stock investors will head into next week wondering if September will end as strongly as it began for the market, with manufacturing and personal income data among the top indicators on tap.
  • China Wants Japan’s Apology After Boat Captain Freed
    Fri, 24 Sep 2010 23:33:00 -0700
    China demanded an apology and compensation after Japan released a fishing boat captain whose 17-day detention sent relations between Asia’s two biggest economies to their lowest in five years.
  • UK Independent Commission on Banking - the five members
    Fri, 24 Sep 2010 23:07:35 -0700
    The Independent Commission on Banking investigating British banks to prevent a future rerun of the financial criis has begun the process of collecting evidence ahead of producing its report next September. We look at who makes up the commission.
  • Obama’s Stimulus Plan Made Economic Crisis Worse, Taleb Says
    Fri, 24 Sep 2010 22:04:58 -0700
    U.S. President Barack Obama and his administration weakened the country’s economy by seeking to foster growth instead of paying down the federal debt, said Nassim Nicholas Taleb, author of “The Black Swan.”
  • Treasuries Gain as Fed Says It’s Ready to Easy Policy Further
    Fri, 24 Sep 2010 21:40:05 -0700
    Treasuries rose, pushing the yield on the 10-year note down the most in six weeks, as the Federal Reserve signaled its willingness to ease monetary policy further to boost the economy and return inflation to its target.
  • Bentley recalls some models for "Flying B" worries
    Fri, 24 Sep 2010 21:00:49 -0700
    WASHINGTON (Reuters) - Luxury carmaker Bentley is recalling some models over concerns its distinctive "Flying B" hood ornament could hurt pedestrians in a collision.
  • Plan to extend Fannie, Freddie home loan limits
    Fri, 24 Sep 2010 21:00:39 -0700
    WASHINGTON (Reuters) - Democratic leaders in the U.S. Congress plan to extend next week increased loan limits on mortgages backed by Fannie Mae and Freddie Mac, which are set to expire at year end, Democratic aides said on Friday.
  • Citi board to raise CEO Pandit's pay in 2011
    Fri, 24 Sep 2010 21:00:27 -0700
    NEW YORK (Reuters) - Citigroup Inc said on Friday its board of directors would raise Chief Executive Vikram Pandit's salary above the $1 he has earned for the past two years, in the latest sign that the bank is recovering from the financial crisis.
  • Blavatnik fights back on Lyondell creditors claims
    Fri, 24 Sep 2010 20:06:10 -0700
    NEW YORK (Reuters) - Billionaire investor Len Blavatnik and his company Access Industries on Friday hit back at claims he knew the $12 billion 2007 leveraged buyout that created petrochemicals maker LyondellBasell would fail.

  • Regulators shut 2 banks in U.S.
    Fri, 24 Sep 2010 19:56:54 -0700
    WASHINGTON (Reuters) - Regulators closed two more troubled U.S. banks on Friday, bringing the tally this year to 127.

  • Sinochem in early talks to finance Potash bid: report
    Fri, 24 Sep 2010 19:27:32 -0700
    HONG KONG (Reuters) - China's Sinochem Corp is in early talks with banks to finance its likely bid for all or part of Potash Corp of Canada , a newspaper reported on Saturday, in a sign that China is serious about derailing BHP Billiton Ltd's $39 billion hostile bid.

  • Entourage Star Predicts The End Of The Paparazzi
    Fri, 24 Sep 2010 18:25:59 -0700
    Adrian Grenier explains why social media is killing the tabloids.
  • Wall Street Week Ahead: Stocks eye strong September finish
    Fri, 24 Sep 2010 18:25:39 -0700
    NEW YORK (Reuters) - Stock investors will head into next week wondering if September will end as strongly as it began for the market, with manufacturing and personal income data among the top indicators on tap.

  • Death Of The Tabloid
    Fri, 24 Sep 2010 18:08:56 -0700
    Entourage star Adrian Grenier launches new documentary taking aim at the paparazzi.
  • S&P Raises UAL's Credit Rating
    Fri, 24 Sep 2010 18:04:46 -0700
    After hours: FDA approves Allergan's impant for new use; Disney executive resigns.
  • S&P Raises UAL's Credit Rating
    Fri, 24 Sep 2010 18:04:46 -0700
    After hours: FDA approves Allergan's impant for new use; Disney executive resigns.
  • After Hours: Merger Benefits United Airlines
    Fri, 24 Sep 2010 18:02:05 -0700
    After hours: S&P raises UAL's credit rating; Disney executive resigns.
  • Ratings, merger force exit of NBC Universal and CNN execs
    Fri, 24 Sep 2010 17:35:50 -0700
    NEW YORK (Reuters) - Two of the media industry's highest profile executives said on Friday they would leave NBC Universal and CNN, victims of a ratings war and chaotic shifts in the business.

  • Regulators seize 3 corporate credit unions, to sell assets
    Fri, 24 Sep 2010 16:03:01 -0700
    WASHINGTON (Reuters) - U.S. regulators seized three corporate credit unions on Friday and will repackage about $50 billion in troubled assets from these and previous seizures to sell on the open market.

  • Bernanke hopes U.S. not relegated to slow recovery
    Fri, 24 Sep 2010 15:54:04 -0700
    PRINCETON, New Jersey (Reuters) - Federal Reserve Chairman Ben Bernanke said on Friday it was unclear whether the U.S. economy would be relegated to the type of slow recovery that typically follows a financial crisis.

  • Treasury may be only seller in GM IPO: sources
    Fri, 24 Sep 2010 15:50:37 -0700
    NEW YORK/DETROIT (Reuters) - The United Auto Workers health care trust and the governments of Canada and Ontario may not participate in General Motors Co's upcoming IPO in order to avoid taking a cut on the price of their shares, three people with knowledge of the matter said on Friday.

  • Art sale from the bank that hit the canvas
    Fri, 24 Sep 2010 15:21:43 -0700
    Artworks owned by Lehman Brothers before the collapse of the US investment bank are to be put up for auction next week in a sale expected to raise £2m.
  • Easydate embroiled in tiff over trademarks with Sir Stelios
    Fri, 24 Sep 2010 15:20:05 -0700
    These was little lost between the internet dating group and the founder of easyGroup as the pair became embroiled in a tiff over trademarks.

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