Monday, December 6, 2010

Business - 06 December 2010

  • Travel Scams To Beware Of
    Mon, 06 Dec 2010 07:00:00 -0800
    Protect yourself against getting hustled at home and abroad.
  • America's Best Christmas Displays
    Mon, 06 Dec 2010 07:00:00 -0800
    These winter wonderlands are worth a sightseeing trip.
  • US stocks fall on Bernanke remarks for more Fed easing
    Mon, 06 Dec 2010 06:57:08 -0800
    S&P 500 Index slid 3.63 points, or 0.31 percent, to trade at 1,220.95 at 09:55 a.m. EST. The Dow Jones Industrial Average is down 30.08 points, or 0.26 percent, to trade at 11,352.01. The Nasdaq Composite Index fell 0.28 percent to trade at 2,584.64.
  • Madoff trustee sues HSBC for $9 billion
    Mon, 06 Dec 2010 06:51:40 -0800
    The court-appointed trustee liquidating Bernard Madoff's former investment firm has filed a lawsuit against HSBC for $9 billion for allegedly aiding the most massive Ponzi scheme in history.
  • Pfizer CEO Kindler Quits After Stock Underperforms 97% of S&P
    Mon, 06 Dec 2010 06:49:31 -0800
    Pfizer Inc.’s chief executive officer Jeffrey Kindler left the top post at the world’s biggest drugmaker yesterday after the company’s stock underperformed its rivals over the 4 1/2 years of his tenure.
  • Borders shareholder guns for Barnes & Noble
    Mon, 06 Dec 2010 06:49:05 -0800
    The largest shareholder of bookstore chain Borders, investor William Ackman of Pershing Square Capital Management, is willing to shell out $900 million to takeover rival Barnes & Noble Inc., according to a regulatory filing.
  • Candover spins off dealmaking arm
    Mon, 06 Dec 2010 06:48:13 -0800
    Candover Investments, the listed private equity darling, has agreed to sell its management firm Candover Partners to its executives for a "nominal" amount. It will also sell the group a 29.1pc stake in all its portfolio assets at a knock down price.
  • Treasuries, Dollar Rise on Prospect of Fed Buying; Euro Weakens
    Mon, 06 Dec 2010 06:45:02 -0800
    Treasuries rose and the dollar snapped a three-day decline after Federal Reserve Chairman Ben S. Bernanke said the central bank may boost purchases of U.S. debt. The euro weakened amid divisions over steps to halt the debt crisis and U.S. stocks fell.
  • Stocks Slip On Recovery Worries As Pfizer Gets New Chief
    Mon, 06 Dec 2010 06:45:00 -0800
    Bernanke can't rule out QE3. Drugmaker's CEO suddenly steps down.
  • Why Bernanke is right about inflation
    Mon, 06 Dec 2010 06:44:58 -0800
    Like it or not, history shows that the central bank chief is right to say inflation isn't knocking at the door.
  • SEC to toughen up custody rules for broker dealers
    Mon, 06 Dec 2010 06:44:35 -0800
    WASHINGTON (Reuters) - U.S. securities regulators will hold broker-dealers more accountable for their customers' assets, Securities and Exchange Commission Chairman Mary Schapiro said on Monday.

  • Samsung Sells 1 Million Galaxy Tablets
    Mon, 06 Dec 2010 06:43:58 -0800
    Samsung has sold more than 1 million of its Galaxy Tab tablets, in an impressive debut for the Apple
  • What purchases spouses hide from each other
    Mon, 06 Dec 2010 06:41:54 -0800
    You'd never want to outright lie to your spouse about your spending, but if a little fudging may help avoid a fight, what's the harm? Or so you figure.
  • Eurostar’s Brussels Services Delayed; Scottish Airports Close
    Mon, 06 Dec 2010 06:39:23 -0800
    Eurostar Group Ltd. canceled two trains between London and Brussels and delayed other Belgian services as ice formed on power lines, while Scottish airports were shut by fresh snowfalls as Europe’s cold snap continued.
  • No Goodbye Rate Increase Spurs Traders’ Flip-Flop: Brazil Credit
    Mon, 06 Dec 2010 06:38:04 -0800
    Brazilian traders are scrapping bets that central bank President Henrique Meirelles will raise interest rates this week in the final meeting of his eight-year tenure, futures contracts show.
  • Wall St dips at open on European concerns
    Mon, 06 Dec 2010 06:37:45 -0800
    NEW YORK (Reuters) - Stocks opened slightly lower on Monday as investors locked in profits while looking for further action from European officials to prevent a debt crisis from spreading.

  • Pfizer Names Read CEO as Company Faces Lipitor Losses
    Mon, 06 Dec 2010 06:36:01 -0800
    Pfizer Inc., the world’s biggest drugmaker, named Ian C. Read chief executive officer as the company prepares to face generic competition to its top-selling cholesterol treatment Lipitor.
  • Wiki-Yawn
    Mon, 06 Dec 2010 06:34:48 -0800
    What's the big deal about the WikiLeaks, anyway?
  • Eurozone bond idea being studied
    Mon, 06 Dec 2010 06:32:08 -0800
    Eurozone finance ministers may discuss creating a common government bond to help reduce borrowing costs.
  • Verigy Spikes On Bid From Advantest
    Mon, 06 Dec 2010 06:29:58 -0800
    Verigy (VRGY), which makes semiconductor test equipment, this morning said it received an unsolicite
  • MetLife to grow in 2011 because of Alico
    Mon, 06 Dec 2010 06:29:32 -0800
    NEW YORK (Reuters) - MetLife Inc expects operating earnings to grow more than a third next year as the largest U.S. life insurer benefits from its blockbuster acquisition of global life insurer...

  • Royal Opera House to screen 3D Carmen
    Mon, 06 Dec 2010 06:21:47 -0800
    The Royal Opera House is to screen a 3D performance of Carmen in at least 2,000 cinema screens across the world in March in a move to think more commercially.
  • Pershing Offers to Fund Borders Bid for Barnes & Noble
    Mon, 06 Dec 2010 06:20:01 -0800
    Pershing Square Capital Management LP, the New York hedge-fund run by William Ackman, offered to back bookseller Borders Group Inc. in making an offer for larger rival Barnes & Noble Inc.
  • Stocks headed for weak start
    Mon, 06 Dec 2010 06:17:11 -0800
    U.S. stocks were poised to open lower after Fed chairman Ben Bernanke gave a pessimistic outlook about the nation's economy.
  • L’Oreal Heiress, Daughter End $1.3 Billion Gifts Fight
    Mon, 06 Dec 2010 06:17:01 -0800
    L’Oreal SA heiress Liliane Bettencourt and her daughter agreed to end a three-year-old dispute over about 1 billion euros ($1.3 billion) in gifts France’s richest woman gave to a friend.
  • Riverbed Reportedly Bids For Radware
    Mon, 06 Dec 2010 06:11:52 -0800
    Radware (RDWR) shares are headed sharply higher this morning on a report in the Hebrew-language news
  • Top Pre-Market NASDAQ Losers (LTXC, BSFT, CISG, YRCW, HGSI)
    Mon, 06 Dec 2010 06:09:16 -0800
    The top pre-market NASDAQ stock market losers are: LTX-Credence, BroadSoft, Cninsure, YRC Worldwide, Human Genome Sciences, Celgene, Identive Group, Randgold Resources, Qiagen, and Corinthian Colleges.
  • I'm a secret spender: 6 spouses fess up
    Mon, 06 Dec 2010 06:08:49 -0800
    Some 80% of husbands and wives spent money over the past year without telling their mate. Here are 6 who admit to what they bought.
  • Kraft seeks court injunction in Starbucks fight
    Mon, 06 Dec 2010 06:02:06 -0800
    NEW YORK (Reuters) - Kraft Foods Inc escalated its battle with Starbucks Corp on Monday, saying it is asking a federal court to stop Starbucks from trying to unilaterally end their lucrative deal...

  • China and Africa
    Mon, 06 Dec 2010 05:59:33 -0800
    China's trade with Africa has boomed in recent years, a trend that is surely to continue.
  • Continental, welder guilty in Concorde crash trial
    Mon, 06 Dec 2010 05:57:42 -0800
    PONTOISE, France (Reuters) - A French court Monday found Continental Airlines and a mechanic at the airline guilty of involuntary manslaughter for their part in the 2000 Concorde crash that spelled...

  • Top Pre-Market NASDAQ Gainers (VRGY, RDWR, RMBS, NVMI, ASMI)
    Mon, 06 Dec 2010 05:49:48 -0800
    The top pre-market NASDAQ stock market gainers are: Verigy, Radware, Rambus, Nova Measuring Instruments, ASM International, VIVUS, optionsXpress Holdings, Ariad Pharmaceuticals, Geron, and DryShips.
  • Sony Says Stringer's Not Leaving. At Least, Not Yet.
    Mon, 06 Dec 2010 05:48:11 -0800
    Sony (SNE) said in a statement that CEO Sir Howard Stringer has no plans to step down from his curre
  • Borrowers' mental capacity study
    Mon, 06 Dec 2010 05:42:37 -0800
    Creditors should consider how they deal with borrowers whose mental capacity has been impaired, a watchdog says.
  • Euro falls, bond markets uneasy over debt crisis
    Mon, 06 Dec 2010 05:40:05 -0800
    The euro fell sharply against the dollar ahead of a crucial meeting of eurozone finance ministers over the direction of monetary union as a Hungarian bond downgrade left investors uneasy about European debts.
  • Bernanke: More Fed bond buys "certainly possible"
    Mon, 06 Dec 2010 05:36:42 -0800
    WASHINGTON (Reuters) - The Federal Reserve could end up buying more than the $600 billion in U.S. government bonds it has committed to purchase if the economy fails to respond or unemployment stays...

  • Facebook, cartoons, pedophiles and a friend-sourced future
    Mon, 06 Dec 2010 05:28:08 -0800
    Here was one of the most substantive exchanges between ?60 Minutes?? Lesley Stahl
  • Kellogg CEO retires; COO to replace him
    Mon, 06 Dec 2010 05:27:52 -0800
    NEW YORK (Reuters) - Kellogg Co named Chief Operating Officer John Bryant its new chief executive officer on Monday, replacing David Mackay.

  • Rio Tinto in talks on $3.5 billion bid for Riversdale
    Mon, 06 Dec 2010 05:26:11 -0800
    MELBOURNE (Reuters) - Miner Rio Tinto made a $3.5 billion bid approach for Africa-focused Riversdale Mining , sending the target firm's shares surging 16 percent and setting up a potential takeover...

  • Moody's cuts Hungary close to junk, warns of risks
    Mon, 06 Dec 2010 05:21:15 -0800
    Credit rating agency Moody's cut Hungary's sovereign rating by two notches, to just above "junk" grade, on Monday and said it may cut further if the government fails to put public finances on a sustainable footing.
  • IMF urges EU to increase rescue fund
    Mon, 06 Dec 2010 05:05:31 -0800
    The International Monetary Fund (IMF) is urging the European Union (EU) to expand the size of its rescue fund in the wake of weakening market performance in the euro zone’s peripheral members.
  • Can the Korea Free-Trade Deal Pass Congress?
    Mon, 06 Dec 2010 05:04:27 -0800
    President Obama's crucial test
  • Kellogg CEO Mackay to retire, COO Bryant to succeed
    Mon, 06 Dec 2010 04:57:43 -0800
    Kellogg Co. (NYSE: K) said chief executive David Mackay announced his plans to step down, and he will be succeeded by chief operating officer John Bryant, effective January 2, 2011. The cereal giant also reaffirmed its 2010 and 2011 sales and profit forecasts.
  • EUR/USD falls within channel; aims 1.3113 (S2) after 1.3199 (S1) amid debt woes
    Mon, 06 Dec 2010 04:51:23 -0800
    Despite a dovish Bernanke, EUR/USD's attempt to break above the upper limit of a downward channel from early November highs on the back of a weak non-farm payrolls data proved unsuccessful as debt-related worries of euro-zone continued to weigh on the single currency.
  • WikiLeaks Supporters Aim Cyberattacks At PayPal
    Mon, 06 Dec 2010 04:36:53 -0800
    Hackers vow revenge for attacks on the controversial whistleblower site.

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