Wednesday, December 8, 2010

Busines News - 08 December 2010

  • Electric cars flooding the market in 2012
    Wed, 08 Dec 2010 07:03:14 -0800
    If you want to buy an electric car today, good luck, it's slim pickins. But fast forward three years and you could be facing more plug-in choices than you'll know what to do with.
  • China’s Dangdang, Advance After U.S. IPOs
    Wed, 08 Dec 2010 07:02:01 -0800
    E-Commerce China Dangdang Inc. and Inc. raised as much as 23 percent more than originally sought in their U.S. initial public offerings, the latest sign of surging demand for Chinese Internet companies. The shares jumped more than 50 percent in their first day of trading.
  • Volvo CEO Johansson to Step Down After 14 Years
    Wed, 08 Dec 2010 06:59:01 -0800
    Volvo AB, the world’s second-largest truckmaker, said Chief Executive Officer Leif Johansson will resign next summer after 14 years leading the Swedish company.
  • Euro zone jitters spread to German bonds
    Wed, 08 Dec 2010 06:58:30 -0800
    LONDON/PARIS (Reuters) - Yields on German government bonds, normally seen as a safe haven by investors, rose on Wednesday as deepening uncertainty over how to stem the euro zone's debt crisis hit...

  • Morgan Stanley Leads $42 Million Fee on Treasury Citigroup Deal
    Wed, 08 Dec 2010 06:56:07 -0800
    Morgan Stanley and other underwriters on the Treasury Department’s sale of 2.4 billion Citigroup Inc. shares will collect $42.3 million of fees from the U.S. bank.
  • PayPay cut Wikileaks on US advice
    Wed, 08 Dec 2010 06:55:00 -0800
    PayPal says its decision to stop users from make donations to Wikileaks was made after advice from the US government.
  • MasterCard website down; cyberattack blamed
    Wed, 08 Dec 2010 06:54:42 -0800
    MasterCard's corporate website was inaccessible because of an apparent cyberattack Wednesday, but the credit card company said that its cards are still functioning.
  • Quebecor, Corus Lead Junk to ‘Heroic’ Returns: Canada Credit
    Wed, 08 Dec 2010 06:54:01 -0800
    Junk bonds in Canada are outperforming the rest of the world’s high-yield, high-risk corporate debt market by the most since January as the country’s relative fiscal health attracts investors concerned that Europe’s sovereign debt crisis may worsen.
  • Tax cut deal: Not just for the rich
    Wed, 08 Dec 2010 06:53:01 -0800
    President Obama's tax cut deal also benefits middle-class and lower-income Americans.
  • Bonds Drop on Economy Prospects; Stocks, Commodities Advance
    Wed, 08 Dec 2010 06:49:02 -0800
    Bonds fell around the world, while stocks and commodities advanced and the dollar strengthened, amid speculation President Barack Obama’s tax-cut accord will help spur economic growth. Gains in equities were limited as concern China may raise interest rates tempered optimism.
  • Pension shift will not be forced
    Wed, 08 Dec 2010 06:47:49 -0800
    The government backs away from forcing company pension schemes to use the lower Consumer Prices Index to uprate their pensions.
  • Home Depot Lifts Full-Year Profit Forecast on Sales
    Wed, 08 Dec 2010 06:47:01 -0800
    Home Depot Inc., the world’s largest home-improvement retailer, increased its full-year profit forecast on stronger fourth-quarter demand for plumbing and electrical items and Christmas trees.
  • Stocks edge higher at the open
    Wed, 08 Dec 2010 06:45:25 -0800
    Stocks were little changed at the open Wednesday, as investors took a step back and awaited updates on the tax cut extension deal.
  • New study on mobile roaming fees
    Wed, 08 Dec 2010 06:40:31 -0800
    A consultation aimed at quickening the speed at which EU mobile roaming charges fall to domestic call prices is launched.
  • Regulations hurt competitiveness: business group
    Wed, 08 Dec 2010 06:40:27 -0800
    WASHINGTON (Reuters) - A prominent U.S. business group on Wednesday urged the Obama administration to consider modifying some provisions of a broad-based financial regulatory overhaul that they said...

  • S&P and Nasdaq gain slightly at open
    Wed, 08 Dec 2010 06:39:48 -0800
    NEW YORK (Reuters) - The S&P 500 and the Nasdaq opened slightly higher on Wednesday, boosted by positive corporate news, but a rise in bond yields and the dollar limited gains.

  • Cephalon Buys Rights to Mesoblast Stem Cell Therapies
    Wed, 08 Dec 2010 06:39:01 -0800
    Cephalon Inc. took a 20 percent stake in Mesoblast Ltd. and bought the rights to market the Australian company’s adult stem-cell therapies for heart and nervous system conditions in a deal potentially worth more than $2 billion.
  • Home Depot gives lackluster outlook for next year
    Wed, 08 Dec 2010 06:31:05 -0800
    NEW YORK (Reuters) - Top home improvement chain Home Depot Inc gave an outlook for the next financial year that could miss Wall Street expectations amid continued weakness in the U.S. economy and...

  • Will Dems fall for temporary tax cut gambit (again)?
    Wed, 08 Dec 2010 06:27:27 -0800
    Commentary: Burman is Daniel Patrick Moynihan Professor of Public Affairs at the Maxwell School at Syracuse University. He cofounded the Tax Policy Center, which he directed until 2009, and served as deputy assistant Treasury secretary for tax analysis from 1998 to 2000.
  • Opinion: Europe's Latest Civil War Has Begun
    Wed, 08 Dec 2010 06:24:49 -0800
    A war is now raging in Europe. On one side are the forces of the corporate state led by Germany and France; on the other are the forces of free-market capitalism led by Britain.
  • Equity gains seen in 2011 as conditions improve: Reuters poll
    Wed, 08 Dec 2010 06:16:39 -0800
    NEW YORK (Reuters) - Steady economic improvement should fuel U.S. stock gains through 2011, according to a Reuters poll of investors and strategists, but international concerns could limit gains in...

  • U.S. sends more subpoenas in insider trading probe
    Wed, 08 Dec 2010 06:09:50 -0800
    NEW YORK (Reuters) - Federal authorities have expanded an investigation into insider trading on Wall Street, bringing to more than one dozen the number of subpoenas sent to hedge funds and other...

  • MasterCard Statement Regarding Site Issues
    Wed, 08 Dec 2010 06:07:23 -0800
    Global Payment firm MasterCard said it is experiencing heavy traffic on its external corporate website -
  • Top Pre-Market NASDAQ Losers (JBLU, MNTA, NFLX, PAAS, DRYS)
    Wed, 08 Dec 2010 05:57:47 -0800
    The top pre-market NASDAQ stock market losers are: JetBlue Airways, Momenta Pharmaceuticals, Netflix, Pan American Silver, DryShips, NVIDIA, LM Ericsson Telephone, Costco Wholesale, and RF Micro Devices.
  • Eurozone debt fears infect German bonds
    Wed, 08 Dec 2010 05:56:28 -0800
    Eurozone debt crisis worries spread to German bonds as nervous markets turned their attention from Ireland to the splits within the European Union over how to stem contagion.
  • Snow to push up insurance premiums
    Wed, 08 Dec 2010 05:48:59 -0800
    Home and car insurance premiums are set to rise amid a steep jump in the number in claims following the heavy snowfalls.
  • McDonald's November sales weaker than expected
    Wed, 08 Dec 2010 05:47:51 -0800
    DETROIT (Reuters) - McDonald's Corp reported a smaller-than-expected rise in global sales at established restaurants in November as demand was weaker than anticipated in its key domestic market and...

  • Fortune Brands announces plans to break up company
    Wed, 08 Dec 2010 05:46:07 -0800
    NEW YORK (Reuters) - Fortune Brands Inc plans to split the company into three parts, giving investors pure plays in golf, home products and alcoholic drinks.

  • RIM downgraded at Gleacher
    Wed, 08 Dec 2010 05:37:54 -0800
    Gleacher downgraded Research In Motion to 'neutral' from 'buy,' saying it expects the company to lose share in the high-growth smart phone market as Apple and Android expand carriers and product breadth.
  • Top Pre-Market NASDAQ Gainers (OREX, VVUS, MVIS, AIXG, DDMX)
    Wed, 08 Dec 2010 05:36:25 -0800
    The top pre-market NASDAQ stock market gainers are: Orexigen Therapeutics, VIVUS, Microvision, Aixtron, Dynamex, ASM International, Zix, Ryanair Holdings, Geron, and Oracle.
  • 10 ways to cut the cost of insuring your car and home
    Wed, 08 Dec 2010 05:23:36 -0800
    With insurance premiums rising, getting the best deal on your cover is more important than ever. Read on for our top tips to reduce the cost of your home and car insurance.
  • US futures point to flat opening
    Wed, 08 Dec 2010 05:18:44 -0800
    Futures on major U.S. stock indices point to a flat opening on Wednesday, following a mixed closing in the previous session.
  • How Britain's drivers have skidded into trouble
    Wed, 08 Dec 2010 05:08:32 -0800
    The heavy snowfalls have led to a 23pc jump in car insurance claims over the past week, according to AA Insurance.
  • EUR/USD struck within falling channel, to hold above 1.3157-1.2970 region
    Wed, 08 Dec 2010 05:01:27 -0800
    At 12:53 GMT, the pair was at 1.3212, off an intra-day low of 1.3179 and from its previous close of 1.3259. With no key data due from the US through the rest of the day, the pair is likely to hold above the 1.3157-1.2970 support region.
  • Winter causes damage to one in 20 homes
    Wed, 08 Dec 2010 04:38:43 -0800
    Payouts for burst pipes and other leaks could top £7 million a day, insurers have warned, as Britain continues to be gripped by freezing temperatures.
  • Video game price comparisons: Game Group vs Tesco vs Amazon
    Wed, 08 Dec 2010 04:31:16 -0800
    Game Group has been forced to cut its prices to keep up with competition from supermarkets. Here are online price comparisons between Game, Tesco (Britain's biggest supermarket chain) and Amazon on Britain's best-selling games.
  • WHO backs 100 minutes TB test
    Wed, 08 Dec 2010 04:27:13 -0800
    The World Health Organization has endorsed a new, rapid tuberculosis (TB) test that can diagnose the killer disease within two hours.
  • Capital Shopping Centres prepares strong response to Simon Group
    Wed, 08 Dec 2010 04:24:14 -0800
    Capital Shopping Centres is preparing a strongly-worded announcement in response to the threat by US mall owner, Simon Property Group, to sell its stake in the UK company.
  • Madoff trustee sues Tremont, seeks $555 million more from UBS
    Wed, 08 Dec 2010 04:16:28 -0800
    (Reuters) - The trustee seeking to recover money for Bernard Madoff's victims sued multi-billion dollar money-management firm Tremont Group Holdings Inc and sought an additional $555 million in...

  • Costco profit tops forecast on higher sales
    Wed, 08 Dec 2010 00:42:46 -0800
    BANGALORE (Reuters) - U.S. retailer Costco Wholesale Corp posted a better-than-expected quarterly profit as sales and traffic grew at its U.S. stores and the weakening dollar helped sales overseas.

  • Three Ways to Connect with Online Influencers
    Tue, 07 Dec 2010 23:03:00 -0800
    How to find the right social-media contacts to help market your business.
  • How to Give New Hires a Great Start
    Tue, 07 Dec 2010 23:02:00 -0800
    Some small businesses go beyond the standard orientation, raising retention and productivity.
  • Helping Musicians Make Money
    Tue, 07 Dec 2010 23:01:00 -0800
    The 25-year-old founder talks about his startup challenges, including finding capital and managing growth.
  • Investors Pile Into Commodities
    Tue, 07 Dec 2010 21:01:14 -0800
    Investors are holding their biggest commodities positions on record as prices surge and debate intensifies among U.S. regulators about whether to limit the amount that any one trader can bet.
  • Indiana Regulator Says Ex-Official Didn't Favor Duke
    Tue, 07 Dec 2010 20:53:56 -0800
    An internal audit has found no evidence that a former official at the Indiana Utility Regulatory Commission gave favorable treatment to Duke Energy before he went to work for the utility.

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