Tuesday, December 14, 2010

Business -14 December 2010

  • Dollar Weakens as Fed Meets; Cotton Advances, Stocks Fluctuate
    Tue, 14 Dec 2010 04:49:01 -0800
    The dollar depreciated to a three- week low against the euro on speculation the Federal Reserve may buy more bonds to bolster the economy, while stocks and U.S. futures were little changed. Cotton gained as Spanish and Belgian bonds dropped.
  • The DNA Sequencer That Could Go To Mars
    Tue, 14 Dec 2010 04:39:00 -0800
    A new DNA decoder that hits the market today could someday wind up on the red planet.
  • Futures edge higher ahead of FOMC statement
    Tue, 14 Dec 2010 04:36:21 -0800
    Futures on major U.S. stock indices point to a modestly higher opening on Tuesday ahead of a wave of economic data including the US Federal Federal Open Market Committee statement (FOMC).
  • BA raises fuel surcharge by £10
    Tue, 14 Dec 2010 04:33:21 -0800
    British Airways says it will increase its fuel surcharge on long-haul flights by £10 to between £63 and £108.
  • Web knows about you
    Tue, 14 Dec 2010 04:31:38 -0800
    Two simple pieces of data -- your name and e-mail address -- can unlock a shocking number of details about you, even if you consider yourself to be a very private person who carefully guards your online identity.
  • GBP/USD hits fresh 3-wk high on higher CPI; targets 1.5952 (R1) before 1.5996/1.6104 (R2)
    Tue, 14 Dec 2010 04:27:16 -0800
    The British pound strengthened on Tuesday on a higher-than-expected inflation reading for November, with the sentiment also supported by a view that the US Federal Reserve may expand its bond buyback program at its monetary policy later in the day, supplying more dollars into the system.
  • Berlusconi Wins Senate Vote, Setting Up Lower House Showdown
    Tue, 14 Dec 2010 04:27:01 -0800
    Italian Prime Minister Silvio Berlusconi won a confidence vote in the Senate, setting up a showdown over his political fate in the lower house as the threat of violent protests forced authorities to block access to central Rome.
  • Trichet Calls for ‘Maximum’ Flexibility of Aid Fund
    Tue, 14 Dec 2010 04:24:01 -0800
    European Central Bank President Jean-Claude Trichet said European governments should consider extending and broadening the region’s bailout fund, stepping up pressure on leaders to fight the fiscal crisis.
  • Obama's mortgage mod plan is still lacking
    Tue, 14 Dec 2010 04:22:33 -0800
    The Treasury Department's foreclosure prevention efforts have been found lacking -- again.
  • Pensions jargon explained
    Tue, 14 Dec 2010 04:13:58 -0800
    Many pension companies still address their customers in financial gobbledegook. Our jargon buster should help you decipher it.
  • Aviva overcharges pension savers by £250
    Tue, 14 Dec 2010 04:13:41 -0800
    Aviva, Britain's biggest insurance company, has admitted overcharging 13,000 pension plan holders an average of £250 each after a Daily Telegraph reader complained about the way his fund had been handled.
  • Coal Imports May Increase 78% to China, India: Energy Markets
    Tue, 14 Dec 2010 04:06:01 -0800
    China and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up prices from the highest in two years and diverting supplies from Europe to Asia.
  • Belgium faces threat of S&P debt downgrade
    Tue, 14 Dec 2010 04:03:57 -0800
    BRUSSELS (Reuters) - Belgium's failure to form a government since elections in June threatens its ability to manage its debt and could lead to a downgrade of its sovereign rating within six months,...

  • ECB Said to Consider Asking for Capital Increase
    Tue, 14 Dec 2010 04:03:01 -0800
    The European Central Bank may ask members for a capital increase to protect itself from any losses stemming from its government bond purchases, said a euro-area central bank official with knowledge of the talks.
  • Dollar Drops to Three-Week Low Versus Euro Before Fed Meets
    Tue, 14 Dec 2010 04:02:01 -0800
    The dollar fell to a three-week low against the euro as Federal Reserve policy makers prepare to discuss interest rates and bond purchases.
  • Former NIH Director To Lead Sanofi's Labs
    Tue, 14 Dec 2010 03:59:32 -0800
    Elias Zerhouni may be the first NIH director to run research at a drug company.
  • The goods rising well above inflation - in pictures
    Tue, 14 Dec 2010 03:53:08 -0800
    The headline rate of inflation, or the Retail Prices Index, may currently stand at 4.7pc, but some items have risen much faster over the past 12 months. Here are ten of the most notable.
  • Hyundai Heavy Jumps After Hapag-Lloyd Boosts Order
    Tue, 14 Dec 2010 03:50:02 -0800
    Hyundai Heavy Industries Co., the world’s largest shipbuilder, jumped the most in more than 11 months in Seoul trading after Hapag-Lloyd AG increased a container-ship order by about $754 million.
  • UK inflation rate rises to 3.3%
    Tue, 14 Dec 2010 03:49:35 -0800
    UK inflation rose to 3.3% in November, from 3.2% the month before, after strong rises in food, clothing and furniture prices.
  • Business Bullet: UK inflation, Markets, Healthcare, Whitbread
    Tue, 14 Dec 2010 03:47:45 -0800
    Latest news on: UK inflation, Markets, Healthcare, Whitbread
  • Stocks set for muted open
    Tue, 14 Dec 2010 03:41:45 -0800
    U.S. stocks were set to open flat Tuesday ahead of a slew of economic data, and as investors continue to await resolution on a tax-cut deal in Washington.
  • Cut the cost of overseas calls this Christmas
    Tue, 14 Dec 2010 03:35:50 -0800
    Forty per cent of us call loved ones living overseas at Christmas, and most are wasting money.
  • MBNA debt dealings 'must improve'
    Tue, 14 Dec 2010 03:32:28 -0800
    Credit card company MBNA has been forced to improve the way it deals with customers in debt after intervention from a regulator.
  • BP sells Pakistan assets for $775 million
    Tue, 14 Dec 2010 03:27:04 -0800
    LONDON (Reuters) - BP said it had agreed to sell a portfolio of oil and gas assets in Pakistan to Hong Kong-listed United Energy Group for $775 million as it raises cash to pay for the Gulf of...

  • Finance Executives See No Need for Additional Stimulus
    Tue, 14 Dec 2010 03:27:00 -0800
    A survey conducted by Association for Financial Professionals showed the executives do not believe that additional fiscal stimulus is necessary or desirable at this stage.
  • Life Technologies Unveils New Gene Sequencing Machine
    Tue, 14 Dec 2010 03:26:21 -0800
    DNA sequencing equipment maker Life Technologies Corp. (NASDAQ:LIFE) announced the launch of its Ion Personal Gene Machine (PGM) sequencer that gives results in two hours.
  • China to raise inflation target in dovish signal
    Tue, 14 Dec 2010 03:23:02 -0800
    BEIJING (Reuters) - China will set a 4 percent target for consumer inflation next year, up from this year's 3 percent objective, state television said on Tuesday, an indication that the government...

  • Is deleveraging just a delusion?
    Tue, 14 Dec 2010 03:20:25 -0800
    Well, that was quick. The new frugality lasted all of two years. Is that good or bad?
  • Best bet: High-dividend stocks
    Tue, 14 Dec 2010 03:15:48 -0800
    Looking for cash flow? Your best bet might be high-dividend stocks, which offer much better value right now than fixed-income alternatives.
  • Tech body: patents are 'useless'
    Tue, 14 Dec 2010 03:12:35 -0800
    Patents are "practically worthless" for small companies, according to the chairman of the UK's first independent national body representing small businesses in the science and technology sectors.
  • UK inflation: market reaction
    Tue, 14 Dec 2010 03:10:37 -0800
    British consumer price inflation rose unexpectedly to a six-month high in November, driven by rises in the cost of food and clothing, the Office for National Statistics said on Tuesday. Here are the view of economist about what it means for the economy.
  • EUR/USD off falling channel to 3-wk high ahead of Fed; aims 1.363 (R1), 1.3697 (R2)
    Tue, 14 Dec 2010 03:03:03 -0800
    The EUR/USD distanced itself from a falling channel ahead of the Fed policy and rose to a three-week high on Tuesday. The single currency, however, pared some of its gains after data at 10:00 am GMT showed the region's industrial output rose at a lower-than-expected pace in October.
  • Bank regulators to tackle capital standards
    Tue, 14 Dec 2010 03:00:56 -0800
    WASHINGTON (Reuters) - U.S. banking regulators meet on Tuesday to take the first steps toward implementing higher capital requirements set out in the Dodd-Frank financial overhaul law.

  • Morning Tech Wrap: WikiLeaks, ChromeOS, Microsoft
    Tue, 14 Dec 2010 02:57:15 -0800
    WikiLeaks founder Julian Assange makes another court appearance, criticisms for ChromeOS, and other
  • Experts' views on Glenrath Farms
    Tue, 14 Dec 2010 02:47:17 -0800
    Should Glenrath Farms tackle oversupply in the market by diversifying its customer base or developing its own brand? Experts and entrepreneurs have their say.
  • Japan firms and PM to get little boost from tax cut
    Tue, 14 Dec 2010 02:41:29 -0800
    TOKYO (Reuters) - Japan's plan to boost its ailing economy by cutting corporate taxes got a guarded welcome from business on Tuesday, but is unlikely to help restore the fortunes of unpopular Prime...

  • Lloyds Banking Group, RBS and Barclays share price down on FTSE 100 ahead of Fed statement
    Tue, 14 Dec 2010 02:39:04 -0800
    Shares in British banks were broadly down on the FTSE 100 in morning trading ahead of a statement due out from the U.S. Federal Reserve.
  • UK inflation rises to a surprise six-month high
    Tue, 14 Dec 2010 02:35:31 -0800
    Britain's cost of living rose at the fastest rate seen in six months in November, a shock which increased expectations that the Bank of England will hold off from any more stimulus to the economy.
  • Stock index futures little changed as Fed eyed
    Tue, 14 Dec 2010 02:02:13 -0800
    PARIS (Reuters) - Stock index futures were little changed on Tuesday, with futures for the S&P 500 flat, Dow Jones futures down 0.03 percent and Nasdaq 100 futures up 0.11 percent at 0930 GMT.

  • Yahoo to lay off more than 600 staffers: sources
    Tue, 14 Dec 2010 00:46:14 -0800
    SAN FRANCISCO (Reuters) - Yahoo Inc plans to lay off more than 600 employees as early as Tuesday, two sources familiar with the situation said on Monday.

  • HCP and Carlyle's ManorCare in $6 billion asset deal
    Mon, 13 Dec 2010 23:42:42 -0800
    NEW YORK (Reuters) - HCP Inc said on Monday it would buy most of the real estate assets of privately held nursing and assisted living firm HCR ManorCare Inc from Carlyle Group in a $6.1 billion...

  • Top Facebook Trends In 2010 Show That It's a Teen's Social Network
    Mon, 13 Dec 2010 23:28:20 -0800
    The top Facebook trending topics this year show that teenagers dominated the social network.
  • IBM To Ken Jennings: You Will Beg For Mercy
    Mon, 13 Dec 2010 21:02:03 -0800
    A computer called Watson will go up against Jeopardy's greatest champions in February 2011.
  • Estate Planning RIP, But Nursing Home Marriages May Blossom
    Mon, 13 Dec 2010 20:22:08 -0800
    Obama's estate tax changes could hit financial planners hard but a boom in nursing home marriages ma
  • What 10 Million Facebook Friendships Looks Like: A Data Visualization
    Mon, 13 Dec 2010 20:02:01 -0800
    A gorgeous data visualization from Facebook's engineering team.

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