Wednesday, February 16, 2011

Business News - 16 February 2010

  • Profits: BHP Billiton's Big One
    Wed, 16 Feb 2011 21:00:00 -0800
    BHP Billiton shares fell yesterday because some shareholders were unhappy at the news
  • Outlook: BHP More Confident
    Wed, 16 Feb 2011 21:00:00 -0800
    So what's BHP Billiton's outlook on the world economy and commodity markets.The upshot is that the company is more confident than it was a year or six months ago, but cost pressures remain a concern.Here's what it said in yesterday's profit announcement.
  • The Wet: Damage To Grain Crops Not As Bad As Thought
    Wed, 16 Feb 2011 21:00:00 -0800
    Excepting sugar and bananas, Australia's major winter and summer crops seem to have fared better than first thought from the floods in Queensland in late 2010 and last month and in Victoria in January.The wet weather was triggered by what has been the most intense La Nina episode since 1974, and yesterday the Weather Bureau suggested the current pattern was weakening and.
  • Floods: The Reject Shop, Bank Of Queensland Reveal More Damage
    Wed, 16 Feb 2011 21:00:00 -0800
    Once again we have an
  • Profits: Strong Dollar Hits CSL Interim, Again
    Wed, 16 Feb 2011 21:00:00 -0800
    CSL has again seen profits hit by the strong Australian dollar, yesterday forecasting a 10% fall in full year earnings based on current exchange rates.The Melbourne-based maker and exporter
  • Two Weeks to Startup: Day 8. Build Your Support Team
    Wed, 16 Feb 2011 07:02:00 -0800
    Even solopreneurs can benefit from a support network. Here's how to develop an advisory board and get the help you need.
  • Another Familiar Firm Falls: Borders Files For Bankruptcy
    Wed, 16 Feb 2011 06:33:38 -0800
    Only a few months ago, it was General Motors and Chrysler going bankrupt.
  • Get football out of our universities
    Wed, 16 Feb 2011 06:33:23 -0800
    The football culture has taken over universities in the U.S. to such an extent that it is threatening their core educational mission. It's time to kick football out of academia.
  • Lessons on Being the Boss in Disruptive Times
    Wed, 16 Feb 2011 06:30:06 -0800
    It’s tough being the boss, especially in disruptive times, and most managers are not up to the task, according to Linda A. Hill and Kent Lineback. In their helpful new book, Being the Boss, they write:
    Becoming a manager is a journey that most managers fail to complete. Many former stars turn into mediocre bosses.  Most organizations fail to provide enough initial help for inexperienced managers and seldom confront the shortcomings of those with experience.
    As a result:
    Most organizations
  • Apple Angry at Capcom over Smurf Village App Purchases
    Wed, 16 Feb 2011 06:28:26 -0800
    Capcom is treading dangerous waters these days. Once a premiere video game brand with storied franchises behind it, they've recently tarnished their name by entering the mobile games market. There's nothing inherently evil about that per se, but they've already completely ripped off one indie title ('Splosion Man) and now their social games have raised the ire of Apple.
  • How hard is it to fix a reputation? Ask GM
    Wed, 16 Feb 2011 06:25:46 -0800
    If you need a modern example of how hard it is to recover from a bad reputation, look no further than Detroit and General Motors. Every misstep in a customer’s mind takes years to undo, and right now GM (and most American car manufacturers) are decades behind the eight-ball.
  • Rising Gold Price "Fuelled by Inflation" as Japanese Debt Falls
    Wed, 16 Feb 2011 06:24:26 -0800
    British investors looking to Buy Gold saw the price jump back up to £857 per ounce - some 1.1% higher for this week so far - after the Bank of England's latest Inflation Report had to extend the vertical axis on its forecast chart. Consumer price inflation may reach a two-decade high above 6% in 2011.
  • Producer prices hint at inflation pressures
    Wed, 16 Feb 2011 06:22:45 -0800
    WASHINGTON (Reuters) - U.S. core producer prices in January rose to their highest rate in more than two years, hinting at a build up in inflation pressures as the recovery gathers pace, a potentially...

  • Wall St set to rise on M&A, earnings
    Wed, 16 Feb 2011 06:18:16 -0800
    NEW YORK (Reuters) - U.S. stocks were set to rise on Wednesday after estimate-beating results from Dell and a deal for Sanofi-Aventis to buy Genzyme for $20.1 billion in cash.

  • Borders in bankruptcy, will close about 200 stores
    Wed, 16 Feb 2011 06:16:36 -0800
    Borders Group has filed for Chapter 11 bankruptcy, and plans to close about 200 of its stores and reduce its staff, the book retailer said Wednesday.
  • Merger mania continues
    Wed, 16 Feb 2011 06:16:20 -0800
    U.S. stocks were set to open higher Wednesday, as investors welcomed a $20 billion merger in the pharmaceutical sector.
  • The Five Phases of Retirement Planning
    Wed, 16 Feb 2011 06:15:08 -0800
    Retirement has changed radically over the last several decades in America. Years ago, you expected t
  • GM recalls Cadillac CTS sedans for wheel problem
    Wed, 16 Feb 2011 06:14:03 -0800
    DETROIT (Reuters) - General Motors Co is recalling over 44,000 Cadillac CTS sedans for a flaw that could cause one of the rear wheels to become unstable.

  • Comcast results trump expectations
    Wed, 16 Feb 2011 06:12:56 -0800
    NEW YORK (Reuters) - Comcast Corp reported higher-than-expected quarterly earnings as it benefited from surging ad sales and signed up customers to higher-priced packages of cable, voice and...

  • Merkel picks aide for Bundesbank, opening up ECB race
    Wed, 16 Feb 2011 06:09:49 -0800
    BERLIN (Reuters) - Chancellor Angela Merkel named her top aide Jens Weidmann on Wednesday as German central bank chief to succeed Axel Weber, making it less likely she will insist on a German running...

  • European Sovereign Debt Crisis Deepening - Risk of Contagion and Bond Market Crash
    Wed, 16 Feb 2011 06:09:29 -0800
    There is a real sense of the "calm before the storm" in markets globally. Complacency reigns, despite signs that the sovereign debt crisis in Europe is deepening and that Japanese and US bond markets also look very vulnerable due to rising inflation, very large deficits and massive public debt.
  • College students socked by budget cuts
    Wed, 16 Feb 2011 06:09:14 -0800
    Students at the University at Albany might have to say goodbye to the theater program. And in Reno, the University of Nevada's German studies program will soon be history.
  • Why LinkedIn is More Valuable than Facebook% Can't Invest In Twitter Or Facebook? Take A Look At Sina Weibo% Lara Logan, 60 Minutes Reporter, Hospitalized After Sexual Assault In Egypt
    Wed, 16 Feb 2011 06:00:01 -0800
    1% 1% 2
  • Wholesale Prices in U.S. Increase 0.8%, Led by Fuel
    Wed, 16 Feb 2011 05:56:03 -0800
    Wholesale costs in the U.S. increased for a seventh consecutive month in January, led by higher prices for fuel.
  • Billionaire Ambani Questioned by Indian Investigators
    Wed, 16 Feb 2011 05:55:02 -0800
    Indian federal investigators questioned Anil Ambani, the billionaire chairman of Reliance Communications Ltd., for about two hours today amid a widening probe into the award of mobile-phone licenses in 2008.
  • January U.S. Housing Starts Rise More Than Forecast
    Wed, 16 Feb 2011 05:53:03 -0800
    Builders began work on more homes than forecast in January, reflecting a surge in multifamily units.
  • Sanofi to buy Genzyme for over $20 billion
    Wed, 16 Feb 2011 05:52:51 -0800
    PARIS (Reuters) - French drugmaker Sanofi-Aventis SA agreed to buy Genzyme Corp with a sweetened $20.1 billion cash offer, plus payments tied to the success of the U.S. biotech group's drugs, the...

  • Egypt Women Clash on Sharia After Equality on Tahrir
    Wed, 16 Feb 2011 05:50:03 -0800
    Fatma Emam’s mother accused her of wanting to be a man and threatened to disown her if the 28-year- old joined the protests in Tahrir Square. She went anyway. “There are so many women who like me defied their families,” Emam said after spending five days and four nights in downtown Cairo. “The revolution is not only taking place in Tahrir, it is taking place in every Egyptian house. It is the revolution of fighting the patriarch.”
  • Smile Wide And Bite Into Sirona Dental
    Wed, 16 Feb 2011 05:49:32 -0800
    Sirona Dental Systems hit a new all-time high at $51.88 after reporting another strong quarter that
  • Smile Wide And Bite Into Sirona Dental
    Wed, 16 Feb 2011 05:49:32 -0800
    Sirona Dental Systems, Inc. (SIRO - Snapshot Report) recently hit a new all-time high at $51.88 after reporting another strong quarter that beat analyst expectations. With a solid 10% growth projection and discounted P/E, this Zacks #1 rank stock is a beaming momentum pick.
  • Stocks, Futures Rise on Economy, Earnings; Gulf Shares Drop
    Wed, 16 Feb 2011 05:49:02 -0800
    Stocks and U.S. index futures advanced after housing starts in America increased more than economists predicted and earnings topped analysts’ estimates. Persian Gulf shares fell the most in almost three weeks and the pound declined.
  • Borders files for bankruptcy, to close stores
    Wed, 16 Feb 2011 05:45:38 -0800
    NEW YORK (Reuters) - Borders Group Inc , the second-largest U.S. bookstore chain, filed for bankruptcy protection, after years of sharp sales declines that made it impossible to manage its crushing...

  • Discover Holds Hidden Value
    Wed, 16 Feb 2011 05:45:37 -0800
    Discover Financial gets our 'very attractive' stock rating because the business is throwing off a lo
  • US STOCKS-M&A, Dell earnings lift futures
    Wed, 16 Feb 2011 05:42:20 -0800
    Stock index futures rose on Wednesday after estimate-beating results from Dell and a deal for Sanofi-Aventis to buy Genzyme for $20.1 billion in cash.
  • Home construction rises in January
    Wed, 16 Feb 2011 05:42:15 -0800
    Permits for future home building fell, but initial construction of homes rose in January, the government reported Wednesday.
  • Merkel Aide Weidmann Nominated as Youngest Bundesbank Chief
    Wed, 16 Feb 2011 05:39:57 -0800
    German Chancellor Angela Merkel nominated Jens Weidmann, her chief economic adviser, to be the next president of the Bundesbank.
  • Bundesbank Nominee Weidmann Helped Merkel Steer Crises
    Wed, 16 Feb 2011 05:39:31 -0800
    Jens Weidmann, the chief economic adviser to Chancellor Angela Merkel nominated to head the Bundesbank, keeps two model planes in his office: one of a Boeing Co. jet and another from Airbus SAS.
  • Pre-Market NASDAQ Movers (VCLK, ACAS, PLAB, FRED, CAMT, DELL, WRES, SWSH, HAWK, PDLI, LOGM)
    Wed, 16 Feb 2011 05:39:02 -0800
    The top pre-market NASDAQ stock market gainers are: ValueClick, American Capital, Photronics, Fred's, Camtek, and Dell. The top pre-market NASDAQ stock market losers are: Warren Resources, Swisher Hygiene, Seahawk Drilling, PDL BioPharma, and LogMeIn.
  • Internet And Catalog Sales Fly Aeropostale To $55
    Wed, 16 Feb 2011 05:38:53 -0800
    Aeropostale stores constitute around 78% of our $54.78 price estimate for Aeropostale's stock, which
  • Lawyers: Forget that guaranteed raise
    Wed, 16 Feb 2011 05:35:41 -0800
    Lawyers are joining the ranks of other once-secure professionals as the promise of increased pay with seniority drifts into the ether.
  • Delaware Court Poison Pill Ruling Bad For Shareholder Value
    Wed, 16 Feb 2011 05:34:45 -0800
    The legality of poison pill plans was finally called into question in a case that sat before the mos
  • Bad weather hits Thorntons profit
    Wed, 16 Feb 2011 05:31:43 -0800
    Chocolate retailer Thorntons reports a fall in profits due to bad weather that hit sales and caused disruption to its supply chain.
  • Senator Schumer Cries for the NYSE
    Wed, 16 Feb 2011 05:29:29 -0800
    The Lesson of Boabdil for Wall Street
  • Yahoo unveils personalized magazine
    Wed, 16 Feb 2011 05:26:34 -0800
    Yahoo CEO Carol Bartz on Wednesday unveiled Livestand, a magazine platform for publishers to deliver personalized content on a wide array of platforms, including the iPad.
  • How the middle class became the underclass
    Wed, 16 Feb 2011 05:20:51 -0800
    Are you better off than your parents?

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