Tuesday, February 1, 2011

Business News - 01 Feb 2011

  • Fertilizers: Gambling on the Global Grain Market
    Tue, 01 Feb 2011 06:59:14 -0800
    RBC Capital Markets said it has analyzed potential outcomes for global grain market conditions through 2015/2016 using Monte Carlo simulation analysis. The brokerage said Monte Carlo simulation suggests favorable odds for fertilizer investors.
  • Mexico’s Slim to invest $8.3-bln in Latin America
    Tue, 01 Feb 2011 06:59:04 -0800
    Mexican tycoon Carlos Slim, who is considered by some to be the world’s richest person, said he will invest $8.3-billion in nineteen countries, primarily in Latin America.
  • Revenues, GDP rise, so where are the jobs?
    Tue, 01 Feb 2011 06:56:52 -0800
    Job growth still slow despite earnings, GDP growth
  • Bernanke's biggest blunders
    Tue, 01 Feb 2011 06:55:39 -0800
    Tuesday marks the fifth anniversary of Ben Bernanke's taking the reins at the Federal Reserve, not that anyone's counting.
  • Meet the Web's Microworkers
    Tue, 01 Feb 2011 06:54:43 -0800
    Companies are cutting costs by hiring a new breed of online worker that's paid by the project or task
  • Mechanical Serfdom Is Just That
    Tue, 01 Feb 2011 06:54:43 -0800
  • Whose house is being saved by Obama?
    Tue, 01 Feb 2011 06:53:41 -0800
    More than half a million Americans have received permanent mortgage modifications from the Obama administration's flagship foreclosure prevention program, the Home Affordable Modification Program.
  • New Survey Claims Gamers are More Unsafe Drivers
    Tue, 01 Feb 2011 06:52:37 -0800
    Because the public needs a new reason to hate video games, a new survey has been released that claims that gamers are more likely to be dangerous drivers than non-gamers, and by pretty significant margin at that.
  • BP Shares down on lower-then-expected earnings
    Tue, 01 Feb 2011 06:49:33 -0800
    BP, despite its announcement to pay a dividend once again, has seen its shares drop in early morning trading.
  • BP reports annual loss of $4.9bn
    Tue, 01 Feb 2011 06:47:59 -0800
    The cost of cleaning up the Gulf of Mexico oil spill pushes BP into its first annual loss since 1992, but the firm restores dividend payments.
  • Pfizer Pledges To Cut Research To Maintain Earnings
    Tue, 01 Feb 2011 06:46:04 -0800
    The world's largest drug company is starting to shrink.
  • US stocks advance in early trade
    Tue, 01 Feb 2011 06:44:01 -0800
    US stocks advanced in early trade on Tuesday, the first trading day of February, after Dow recorded its biggest January rally since 1997 in the previous month.
  • BofA’s Montag Beats CEOs Moynihan, Blankfein on Bonus
    Tue, 01 Feb 2011 06:43:03 -0800
    Bank of America Corp. gave $15.2 million in bonuses to its investment banking chief Thomas K. Montag, a reward 68 percent bigger than that of his boss, Chief Executive Officer Brian T. Moynihan.
  • When Gold Bullion Fails
    Tue, 01 Feb 2011 06:41:43 -0800
    Whatever your finance advisor, economics professor, banker or coin dealer might tell you, no single asset class - bought today - can promise to hold or grow its value, year after year, until precisely the day when you need to sell it and spend.
  • Yahoo: Buy The Stock For The Assets, Analyst Advises
    Tue, 01 Feb 2011 06:39:27 -0800
    Yahoo (YHOO) continues to have major fundamental problems. But the value of the company?s Asia
  • Stocks start February with gains
    Tue, 01 Feb 2011 06:39:20 -0800
    U.S. stocks opened February with modest gains Tuesday as investors digest corporate earnings and await a report on manufacturing, while continuing to eye the ongoing protests in Egypt.
  • Inflation is Here to Stay
    Tue, 01 Feb 2011 06:38:43 -0800
    In current economic analysis, inflation is largely in the eye of the beholder, and depending on how
  • Inflation is Here to Stay
    Tue, 01 Feb 2011 06:38:43 -0800
    In current economic analysis, inflation is largely in the eye of the beholder, and depending on how you choose to look, very different stories emerge. In the U.S., food and beverages count for just 16.4% of the CPI calculation. The Chinese apparently believe that the basic necessities of life should count for more, assigning a 33% weight to the nutritional components. These differences in measurement are partially responsible for the divergent inflation climate in both countries, and make most people believe that inflation is fickle and localized
  • Commodities Overtake Stocks, Bonds After Two-Day Gain
    Tue, 01 Feb 2011 06:34:01 -0800
    The biggest two-day rally in commodities since December pushed raw materials past stocks, bonds and the dollar for a second month, after Egyptian riots drove oil, wheat and rice higher.
  • New Jersey Hedge Fund Posts Its First Down Year In A Decade
    Tue, 01 Feb 2011 06:31:09 -0800
    After posting huge gains for years, Yorkville Advisors' YA Global Investments reports a big loss to
  • New Jersey Hedge Fund Posts Its First Down Year In A Decade
    Tue, 01 Feb 2011 06:31:09 -0800
    For nine years Mark Angelo?s hedge fund firm, Yorkville Advisors, was one of the largest shops specializing in making private investments in public equities and consistently posted positive returns. �Yorkville Advisors? YA Global Investments Fund I never had a down month from February 2001 to July 2008, according to a recent correspondence from the firm to its investors. Even in 2008 and 2009, as the credit crisis raged, YA Global Investments Fund I eked out small annual gains.
  • Greek Bonds Beat Peers as Market Succumbs to ECB: Euro Credit
    Tue, 01 Feb 2011 06:31:03 -0800
    The mantra “Don’t Fight the Fed” has saved many Treasury traders. Investors in euro-denominated debt are learning to treat the European Central Bank with the same respect.
  • Gold Price Ends Jan. 6% Lower on Global Gold Index, Rallies vs. Falling Dollar
    Tue, 01 Feb 2011 06:30:38 -0800
    The Gold Price ticked higher for Dollar investors Tuesday morning in London, but slipped against other currencies as world stock markets rose and government bonds edged back.
  • Which best employers have great perks?
    Tue, 01 Feb 2011 06:27:27 -0800
    Which best employers have great perks? Take the Best Companies quiz.
  • Stocks Rise on Economy as Dollar Weakens; Copper Jumps to Record
    Tue, 01 Feb 2011 06:26:13 -0800
    Stocks rose, led by mining companies, and the Dollar Index fell to a 12-week low as Chinese manufacturing grew and Egypt’s military said it won’t fire on anti-government demonstrators. Copper climbed to a record.
  • Panamericano Surges After Esteves Purchase Amid Probe
    Tue, 01 Feb 2011 06:26:10 -0800
    Banco Panamericano SA surged 17 percent after Brazilian billionaire Andre Esteves’s Banco BTG Pactual SA agreed to buy a controlling stake in the lender that has rattled the nation’s markets as police probe alleged fraud.
  • Storm May Best Chicago Snowfall Record as NYC Is Iced
    Tue, 01 Feb 2011 06:26:06 -0800
    A winter storm sweeping through the U.S. grounded almost 4,000 flights while threatening to break snowfall records in Chicago, coat New York City in ice and add to Boston’s heaviest accumulations in years.
  • Energizer sees weak year, shares plunge 14 percent
    Tue, 01 Feb 2011 06:24:42 -0800
    CHICAGO (Reuters) - Energizer Holdings Inc posted weaker-than-expected quarterly profit, weighed down by heavy spending to promote its new Schick Hydro razor, and offered a bleak full-year outlook,...

  • Harper's Publisher Rejects $50K in Pledges, Says Union
    Tue, 01 Feb 2011 06:21:30 -0800
    Tens of thousands of dollars in pledges raised by the staff of Harper's magazine won't save any jobs
  • Harper's Publisher Rejects $50K in Pledges, Says Union
    Tue, 01 Feb 2011 06:21:30 -0800
    Tens of thousands of dollars
  • Column: Middle East Unrest but not Unraveling
    Tue, 01 Feb 2011 06:20:38 -0800
    From an investment standpoint, many things have changed since the start of the Egyptian crisis and more change will come. This does not mean that investors need to flee to safety, shun all emerging markets and hide exclusively in the rich developed markets.
  • Mobile Data Traffic To Rise 26x By 2015, Cisco Says
    Tue, 01 Feb 2011 06:18:28 -0800
    Worldwide mobile data traffic increased 2.6x in 2009, according to new data from Cisco Systems (CSCO
  • Orexigen shares plunge 73 pct after FDA rejects weight-loss drug
    Tue, 01 Feb 2011 06:16:48 -0800
    The U.S. Food and Drug Administration (FDA) has rejected Orexigen Therapeutics Inc.'s weight-loss drug Contrave on concerns over heart safety issues. Following the announcement, shares of the California-based company plunged nearly 72 percent in Tuesday's pre-market trade to $2.52.
  • The Good News On The Key Economic Issue of Our Times: Management Innovation
    Tue, 01 Feb 2011 06:14:41 -0800
    In his post, The Truth of American Superiority at Innovation, Fred Allen draws attention to new stud
  • The Good News On The Key Economic Issue of Our Times: Management Innovation
    Tue, 01 Feb 2011 06:14:41 -0800
    In his post, The Truth of American Superiority at Innovation, Fred Allen draws attention to new study by General Electric, the ?GE Global Innovation Barometer,? which outlines a new landscape for innovation in the 21st century. In the study, innovation is seen as the driver of a prosperous economy. Ninety-five percent of executives said innovation is the main lever for a more competitive national economy, and 88 percent agreed that innovation is the best way to create jobs in their country.
  • ProLogis Downgraded at RBC Capital Markets
    Tue, 01 Feb 2011 06:10:59 -0800
    RBC Capital Markets downgraded rating of ProLogis (NYSE: PLD) to "sector perform" with above average risk qualifier from "outperform" and lowered its price target to $15.25 from $16.
  • Eurozone jobless rate still 10%
    Tue, 01 Feb 2011 06:10:01 -0800
    Unemployment in the eurozone has remained unchanged at 10% in December 2010, official figures show.
  • Wall Street to open higher on hopes for economy
    Tue, 01 Feb 2011 06:09:33 -0800
    NEW YORK (Reuters) - Stocks were poised for a higher open on Tuesday as solid manufacturing data in Europe helped investors refocus attentions from the maelstrom in the Middle East to hopes that a...

  • Premier League clubs spend £225m
    Tue, 01 Feb 2011 06:07:06 -0800
    Premier League clubs spent a record £225m in the January transfer window, a report by accountants Deloitte says.
  • UPS profit tops estimates, sees record in 2011
    Tue, 01 Feb 2011 06:05:41 -0800
    NEW YORK (Reuters) - United Parcel Service, the world's largest package delivery company, reported a quarterly profit that beat estimates and forecast record-high profits in 2011, sending its shares...

  • New York Mets May Have To Cut Payroll By $30 Million
    Tue, 01 Feb 2011 06:05:05 -0800
    The New York Mets will take an axe to player salaries.
  • New York Mets May Have To Cut Payroll By $30 Million
    Tue, 01 Feb 2011 06:05:05 -0800
    New York Mets general manager Sandy Alderson said yesterday that the team's payroll going into this season, between $140 million and $150 million, is significantly too high, but he did not say how much he would have to cut. But a rough compilation of the team's P&L statement suggests Alderson will have gut the roster between $20 million to $30 million if the goal is to just break even on an operating basis.
  • Chains to report chilly end to holidays
    Tue, 01 Feb 2011 06:04:13 -0800
    NEW YORK (Reuters) - U.S. retailers are poised to show only a modest rise in January sales as record snow in many parts of the United States kept shoppers away from malls and crimped demand for early...

  • ARM Holdings Posts Big Q4, Driven By Mobile Devices
    Tue, 01 Feb 2011 06:01:58 -0800
    ARM Holdings (ARMH), which designs microprocessors and then licenses them to an assortment of chipma
  • Hong Kong's Red Hot Property Market Set To Soar Even Higher
    Tue, 01 Feb 2011 06:00:09 -0800
    The world's most expensive housing market is forecast to surge another 30% this year.

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