Wednesday, February 2, 2011

Business News - 02 February 2011

  • The Economy: Yasi Adds To Woes
    Wed, 02 Feb 2011 21:00:00 -0800
    Cyclone Yasi crossed the Queensland coast last night with damaging winds and rain.And while the
  • Commodities: Watch Copper, And Its Impact On Our Rates
    Wed, 02 Feb 2011 21:00:00 -0800
    The cyclone will boost sugar prices temporarily as traders assess the damage.Sugar prices have had a solid 18 months, hitting a series of multi year highs in the past six months on crop problems in Australia, Europe, India and Brazil.New York raw sugar futures traded around 34 USc a pound in New York overnight, which is close to the recent highs.
  • Updates: A Mixed Day For New Hope
    Wed, 02 Feb 2011 21:00:00 -0800
    Bad news in two statements to the ASX yesterday for New Hope Corporation, the southeast Queensland coal group and investor controlled by the Soul Pattinson group.In the first New Hope
  • Updates: Paperlinx's Savings After Loss
    Wed, 02 Feb 2011 21:00:00 -0800
    Less than a week after revealing unexpected losses of around $23 million because of a currency option, PaperlinX has revealed overhead cuts of around $15 million by restructuring its head office.The company told the ASX yesterday that it.
  • Egypt tensions rattle world markets
    Wed, 02 Feb 2011 09:13:10 -0800
    Unrest in Egypt affected market sentiment on Monday as investors predicted the impact of the tensions on neighboring countries and world oil supplies.
  • Super Bowl Smack-Talk, Take Two: The Quarterbacks
    Wed, 02 Feb 2011 07:09:59 -0800
    This is part two of a four-day Super Bowl smack-talk session between fellow Forbes writer, Jeff Bercovici, and myself. Jeff is a Cheesehead. I?m a proud member of Steeler Nation. Yesterday, we talked about the teams? ownership groups. Today?s topic: the quarterbacks. Please feel free to post your own thoughts in the comments section below.
  • Dow, Nasdaq turn positive
    Wed, 02 Feb 2011 07:05:55 -0800
    NEW YORK (Reuters) - U.S. stocks pared losses with the Dow and the Nasdaq turning positive early Wednesday, supported by energy and information technology stocks.

  • ‘Devil’s Bargain’ Harms Savers, Pimco’s Gross Says
    Wed, 02 Feb 2011 07:03:24 -0800
    Policy makers are robbing savers by driving down real interest rates as they keep borrowing costs at record lows in a “devil’s bargain,” Pacific Investment Management Co.’s Bill Gross said in a commentary.
  • Slim Gets Richer as Mines, Mobile Beat Gates, Buffett
    Wed, 02 Feb 2011 07:02:07 -0800
    Carlos Slim’s Mexican holdings from mining to communications helped him beat Bill Gates and Warren Buffett on the stock market for the second straight year, and gains in 2011 may widen his lead atop the global wealth list.
  • Hey, Congress: We need more money!
    Wed, 02 Feb 2011 07:00:57 -0800
    Want Congress to freeze government spending? Well, it already has.
  • Stiglitz Says Europe Faces ‘Disastrous’ Budget Austerity Drive
    Wed, 02 Feb 2011 06:58:24 -0800
    Many European countries are pursuing “excessive austerity,” risking a marked slowdown in economic growth, Nobel Prize-winning economist Joseph Stiglitz said.
  • Job market shows signs of strength
    Wed, 02 Feb 2011 06:57:55 -0800
    The job market started 2011 on solid footing, according to two separate reports released Wednesday.
  • Countess Toumei, the Guggenheims, and the Sex Trade
    Wed, 02 Feb 2011 06:56:59 -0800
    Lady Toumei's Diamonds, Bank Notes, Oil, and Vodka Deals.
  • Countess Toumei, the Guggenheims, and the Sex Trade
    Wed, 02 Feb 2011 06:56:59 -0800
    In November 2010, Guggenheim Capital, LLC, a financial services and investment management holding company which traces its roots to the Guggenheim family, and its subsidiary Guggenheim Partners, LLC, brought a civil action in Manhattan federal court against Catarina Pietra Toumei, David Birnbaum, Vladimir Zuravel, and others. Guggenheim Capital, LLC et al v. Catarina Pietra Toumei et al (SDNY, November 22, 2010, 2010CV08830) . The Complaint is quite the read and filled with intriguing allegations about an impressive fraud. Apparently, the Court
  • US stocks decline in early trade
    Wed, 02 Feb 2011 06:56:51 -0800
    U.S. stocks declined in early trade on Wednesday, with the S&P 500 Index down 4.03 points, or 0.31 percent, to trade at 1,303.51 at 9:55 a.m. EDT. The Dow Jones Industrial Average declined 9.65 points, or 0.08 percent, to trade at 12,030.51. The Nasdaq Composite Index fell 0.16 percent.
  • Groupon, Jay-Z, Puma Know Well The Meaning of "Contagious"
    Wed, 02 Feb 2011 06:55:19 -0800
    These marketers show how important it is to find an idea that catches on.
  • Groupon, Jay-Z, Puma Know Well The Meaning of "Contagious"
    Wed, 02 Feb 2011 06:55:19 -0800
    Laughter is contagious. So, too, are the best ideas in technology, product design, advertising and initiatives for social change. A colleague recently sent me a round-up of 2010?s most contagious global trends pulled together by--whom else?!--the editors of Contagious magazine, with support from Yahoo! I felt compelled to write about this topic not just because of the report?s list of trendsetting ideas, but because as a branding professional, I know how hard it is to come up with breakthrough ideas, let alone ones that make money. While ?must
  • Time Warner Profit Beats Estimates; Dividend Raised
    Wed, 02 Feb 2011 06:55:04 -0800
    Time Warner Inc., owner of the Warner Bros. film studio, reported profit that beat analysts’ estimates after a box-office boost from the latest "Harry Potter" movie and higher TV-advertising sales. The stock jumped.
  • Cyclone Yasi Starting to Cross Australian Coast, Bureau Says
    Wed, 02 Feb 2011 06:55:03 -0800
    Tropical Cyclone Yasi is starting to cross the Australian Coast, the Bureau of Meteorology said on its website. Wind gusts of up to 290 kilometers an hour are expected from the category 5 storm, it said.
  • Spain Bonds Rise, Debt Risk Falls on Bailout; U.S. Stocks Slump
    Wed, 02 Feb 2011 06:55:02 -0800
    Spanish bonds rose and the cost of insuring European government debt fell to a three-month low on optimism the region’s leaders will agree to an expanded bailout plan. U.S. stocks fell, while cotton climbed to a record.
  • ADP Estimates Companies in U.S. Added 187,000 Jobs
    Wed, 02 Feb 2011 06:54:05 -0800
    Companies in the U.S. added more workers than forecast to payrolls in January, showing a pickup in the labor market, data from a private report showed today.
  • Buy Intel or a Semiconductor ETF?
    Wed, 02 Feb 2011 06:52:29 -0800
    The news from Intel Corp. (INTC) about a flaw in their new chip caught the market by surprise. The o
  • Pressure builds for debt reduction
    Wed, 02 Feb 2011 06:50:27 -0800
    The push to come up with a plan to reduce national debt got a bipartisan bear hug in the Senate on Tuesday.
  • Cisco Business of 2012 Seminar: Dan Antonowicz
    Wed, 02 Feb 2011 06:43:37 -0800
    Dan Antonowicz, Sales Director at BT iNet highlights key business issues in the lead up to London 2012.
  • Top Technology Stock Picks for 2011 (AMD, GOOG, ARUN, NTAP, NVDA, PCLN, OPNT, MU)
    Wed, 02 Feb 2011 06:42:48 -0800
    ThinkEquity has outlined its top technology stock picks for 2011. The stocks include AMD, Spansion, Entropic, Micron Technology, Nvidia, Aruba Networks, Mellanox, Stec, Google and Priceline.
  • Jobs Data Fail to Maintain Market Surge as they Open Flat
    Wed, 02 Feb 2011 06:40:35 -0800
    The ADP jobs report showed that a higher than expected number of jobs were added to the private sect
  • Jobs Data Fail to Maintain Market Surge as they Open Flat
    Wed, 02 Feb 2011 06:40:35 -0800
    A report from ADP Employer Services showed that private employers added more jobs than expected in January, at 187,000 compared with economists? expectations for 145,000. That is compared to a revised 247,000 jobs added in December.
  • 2011 ETF Leaders;DBL,UNQ,XLF,IVV,HYG
    Wed, 02 Feb 2011 06:40:27 -0800
    Whats powering the longs are surprisingly good earnings, signs commercial real estate has turned, i
  • Is China the Enemy?
    Wed, 02 Feb 2011 06:37:39 -0800
    Egypt has grabbed the world's attention in recent days and pushed last month's visit to the U.S. by
  • Is China the Enemy?
    Wed, 02 Feb 2011 06:37:39 -0800
    Egypt has grabbed the world?s attention in recent days and pushed last month?s visit to the U.S. by Chinese President Hu Jintao off the front pages. It shall return.
  • Snow, Freezing Rain Cancel Flights, Trains
    Wed, 02 Feb 2011 06:37:01 -0800
    A winter storm bringing snow to Chicago and Boston and freezing rain from Philadelphia and New York has canceled thousands of flights, closed schools and curtailed rail services.
  • Whirlpool, Electrolux hike prices to fight costs
    Wed, 02 Feb 2011 06:34:02 -0800
    NEW YORK/STOCKHOLM (Reuters) - Top home appliances makers Whirlpool Corp and Electrolux are raising prices to pass soaring raw materials costs onto customers and will rely on emerging markets to...

  • Time Warner revenue, profit up on cable ad sales
    Wed, 02 Feb 2011 06:32:28 -0800
    NEW YORK (Reuters) - Time Warner Inc's fourth-quarter profit and revenue beat Wall Street expectations, thanks to a 21 percent jump in cable advertising sales from programs like Conan O'Brien's late...

  • Private sector job gains beat expectations
    Wed, 02 Feb 2011 06:22:21 -0800
    NEW YORK (Reuters) - U.S. private employers added more jobs than expected in January, underscoring views the employment picture is slowly improving.

  • Murdoch's The Daily hits iPads today
    Wed, 02 Feb 2011 06:08:40 -0800
    The aging press baron makes one last bid to capture the eyeballs of the Internet generation.
  • Parts shortages prompt Chrysler to cancel shifts
    Wed, 02 Feb 2011 06:02:54 -0800
    DETROIT (Reuters) - Chrysler Group LLC canceled first production shifts at several plants in eight locations on Wednesday due to a shortage of parts.

  • EU wants more air passenger data
    Wed, 02 Feb 2011 06:02:40 -0800
    The EU plans to expand transfers of air passenger data in a drive to prevent terrorism and other serious crimes such as drug trafficking.
  • Barbie, American Girl drive Mattel Q4 beat
    Wed, 02 Feb 2011 06:01:52 -0800
    DETROIT (Reuters) - Mattel Inc, the No.1 toymaker, posted quarterly results that breezed past market estimates, helped by strong demand for its core Barbie and American Girl brands, sending shares up...

  • The World's Leading Companies% Harper's Publisher Rejects $50K in Pledges, Says Union
    Wed, 02 Feb 2011 06:00:02 -0800
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  • Apple blocks Sony e-book app
    Wed, 02 Feb 2011 05:58:39 -0800
    Apple is tightening its App Store policies on e-books -- a move that has the stalled the release of Sony's e-reader app and threatens trouble ahead for Amazon's popular Kindle app.
  • Buffalo Sabres Sold For $165 Million To Billionaire Terry Pegula
    Wed, 02 Feb 2011 05:58:25 -0800
    The $165 million price tag for the NHL team is $4 million less than what Forbes said the Sabres were
  • Banker Christian Littlewood gets longest jail sentence for millions in insider trades
    Wed, 02 Feb 2011 05:58:25 -0800
    Christian Littlewood, a former Dresdner Kleinwort banker, has been been jailed for 40 months for insider dealing, the longest prison sentence handed down for the crime in Britain.
  • Make money from selling online
    Wed, 02 Feb 2011 05:58:17 -0800
    From cars to crockery, there are specific websites that target your audience.
  • AOL: You've Got Profits; But No Signs Of Ad Turnaround
    Wed, 02 Feb 2011 05:50:22 -0800
    AOL (AOL) this morning reported better-than-expected fourth quarter results, while providing fresh e
  • Time Warner tops Wall Street forecasts
    Wed, 02 Feb 2011 05:43:34 -0800
    Time Warner Inc. posted fourth-quarter earnings Wednesday that beat Wall Street expectations, aided by a recovering TV advertising market.

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