Monday, March 7, 2011

Business News -06 March 2011

  • Fixing a Nearly Fatal Flaw
    Mon, 07 Mar 2011 07:01:00 -0800
    A boutique direct marketer foundered serving too many markets, until the company found its focus.
  • Pre-market movers on Mar.7 (FDO, LO, FTR, AEE, PNC, MET, NVLS, JDSU, MI, PFE)
    Mon, 07 Mar 2011 05:31:00 -0800
    The companies whose shares are moving in pre-market trade on Monday are: Family Dollar Stores, Lorillard, Frontier Communications, Ameren, PNC Financial Services, MetLife, Novellus Systems, Novellus Systems, Marshall & Ilsley and Pfizer.
  • Flowchart: What Baseball Team To Root For
    Mon, 07 Mar 2011 05:27:56 -0800
    Here's a flowchart created by Paul Caputo for Interpretation By Design, a blog about "graphic design and heritage interpretation," that helps the undecided decide which team to get behind this year. Apparently this graphic was so popular that demand for crashed their server and now the image is on Flickr. Must [...]
  • AOL Closes Acquisition of Huffington Post
    Mon, 07 Mar 2011 05:24:19 -0800
    AOL Inc. (NYSE: AOL) said it has closed its acquisition of news and opinion site The Huffington Post, creating a premier content network with local, national and international reach.
  • Bank of England likely to hold fire on rates
    Mon, 07 Mar 2011 05:22:28 -0800
    LONDON (Reuters) - The Bank of England looks set to keep interest rates at a record low this Thursday, judging that Britain's recovery is currently too fragile to sustain a spiral of rising prices.

  • Smart Money: Top hedge funds' fresh commodity bet is plastics
    Mon, 07 Mar 2011 05:11:06 -0800
    That well-known line from the classic 1967 movie "The Graduate" may sum up the recent investment strategy of some top hedge fund managers, including James Dinan and David Einhorn.

  • Speculators double down on oil
    Mon, 07 Mar 2011 05:09:13 -0800
    Ready for higher oil prices? Wall Street is.
  • Barclays CEO’s Pay Rises to as Much as 10.1 Million Pounds
    Mon, 07 Mar 2011 05:09:01 -0800
    Barclays Plc gave Robert Diamond as much as 10.1 million pounds ($16.5 million) in salary, bonuses and stock, making him the U.K.’s top-paid bank chief executive officer as the government presses lenders to curb remuneration.
  • Oil prices rise on unrest fears
    Mon, 07 Mar 2011 05:08:01 -0800
    US crude oil price hits a two-and-a-half year high while Asian stocks fall amid concern Libya could be facing a civil war.
  • Lockhart Says Fed Shouldn’t Rule Out Additional Asset Purchases
    Mon, 07 Mar 2011 05:05:09 -0800
    Federal Reserve Bank of Atlanta President Dennis Lockhart said the central bank shouldn’t rule out asset purchases beyond the $600 billion planned by June because the U.S. economy could slow again.
  • Oil, Gold Climb on Libya Fighting as Takeovers Spur Stock Gains
    Mon, 07 Mar 2011 05:02:02 -0800
    Oil rose to a 29-month high and gold jumped to a record as fighting in Libya intensified, while about $15 billion in potential takeovers boosted European stocks. Greek default risk climbed after Moody’s Investors Service cut the nation’s credit rating by three steps.
  • LVMH snaps up jeweler Bulgari in $5.19 billion deal
    Mon, 07 Mar 2011 05:01:59 -0800
    PARIS/MILAN (Reuters) - France's LVMH will take over Italy's Bulgari in a 3.7 billion euros ($5.19 billion) deal to add luster to the No.1 luxury group's jewelry business and bring it more exposure...

  • Barclays boss to get £6.5m bonus
    Mon, 07 Mar 2011 04:57:03 -0800
    Barclays chief executive Bob Diamond will receive a bonus of £6.5m for 2010, the UK bank says.
  • Treasuries Fall Before U.S. Auctions $66 Billion of Notes, Bonds
    Mon, 07 Mar 2011 04:56:02 -0800
    Treasuries fell, pushing the 30-year yield toward the highest level in almost two weeks, as the government prepared this week to sell $66 billion of notes and bonds and before a report forecast to show retail sales rose.
  • 8 green stars at top companies
    Mon, 07 Mar 2011 04:54:00 -0800
    Turning plants into Coke bottles? Putting airline cabins on a diet? Meet 8 leaders at Most Admired companies who are finding creative ways to make their firms greener.
  • Western Digital Agrees to Buy Hitachi Unit for $4.3 Billion
    Mon, 07 Mar 2011 04:51:01 -0800
    Western Digital Corp., the U.S. maker of hard-disk drives, agreed to buy a rival unit of Hitachi Ltd. for about $4.3 billion in cash and stock to expand its storage product line-up.
  • Any Export in Storm -- Potential for LNG Exports
    Mon, 07 Mar 2011 04:44:02 -0800
    U.S. Federal Energy Regulatory Commission (FERC) has exclusive authority under the Natural Gas Act to authorize the siting of facilities for imports or exports of liquefied natural gas (LNG), according to FBR Capital Markets.
  • Qaddafi Escalates War Against Rebels as Libya Fight Deepens
    Mon, 07 Mar 2011 04:44:01 -0800
    Libyan troops loyal to Muammar Qaddafi used artillery and helicopter gunships to block the rebels’ advance west from the oil hub of Ras Lanuf toward the leader’s hometown of Sirte.
  • Surging oil dominating sentiment
    Mon, 07 Mar 2011 04:41:04 -0800
    U.S. stocks were headed for modest gains at Monday's open, although trading could be volatile as oil prices above $106 a barrel will likely keep investors on edge.
  • Report: Personalized TV May Help You Be All You Can Be
    Mon, 07 Mar 2011 04:36:17 -0800
    Are you on drugs? No problem, now the commercials on your television can adjust. In a report bound t
  • Oil Rises to 29-Month High; Citigroup Sees Brent ‘Fear Premium’
    Mon, 07 Mar 2011 04:36:01 -0800
    Oil rose to the highest in 29 months in New York as escalating violence in Libya renewed concern that supply disruptions may spread through the Middle East.
  • Wall Street Get Ready ??? White-Collar Crime Clothing Is Coming Your Way
    Mon, 07 Mar 2011 04:30:10 -0800
    "Do good, make a change and make a positive difference in peoples' lives", that is the motto at Whit
  • Wall Street Get Ready -- White-Collar Crime Clothing Is Coming Your Way
    Mon, 07 Mar 2011 04:30:10 -0800
    “Do good, make a change and make a positive difference in peoples’ lives”, that is the motto at White-Collar Crime Clothing.  An innovative and unique company based in Southern California has created quality t-shirts and hats based on prison themes.
  • VIDEO: The nylon bicycle as strong as steel
    Mon, 07 Mar 2011 04:27:29 -0800
    Bristol engineers have built a lightweight bicycle from a new form of nylon as strong as steel, a substance they hope could revolutionise British manufacturing.
  • Oil tops $106 a barrel
    Mon, 07 Mar 2011 04:26:06 -0800
    Oil prices rose to a fresh 2-1/2 year high early Monday, climbing above $106 a barrel, as the violence in Libya continues to unsettle the market.
  • Futures edge up as oil rise continues
    Mon, 07 Mar 2011 04:20:37 -0800
    NEW YORK (Reuters) - Stock index futures rose on Monday, indicating Wall Street will recover from Friday's losses even as oil prices continued to spike on unrest in the Middle East and North Africa.

  • Terumo to buy U.S. medical device firm for $2.6 billion
    Mon, 07 Mar 2011 04:20:21 -0800
    TOKYO (Reuters) - Terumo Corp said it would buy U.S. medical device company CaridianBCT from a Swedish firm for about $2.6 billion, marking the largest acquisition by a Japanese medical equipment...

  • 3 to offer unlimited smartphone data to pay as you go customers
    Mon, 07 Mar 2011 04:13:35 -0800
    3, the UK's smallest mobile phone company, has launched a new promotion to poach customers from its larger rivals by offering "all you can eat" pay-as-you-go data tariffs.

  • Michael Page pre-tax profit up 243pc to £72.2m
    Mon, 07 Mar 2011 04:09:29 -0800
    Recruiter Michael Page more than trebled its profit in 2010 with solid growth in its main markets, as it bounced back from a year which it described as the most challenging in its history.

  • Morning Business Round-up
    Mon, 07 Mar 2011 04:08:50 -0800
    The daily Morning Business Round-up: Libya continues to rattle markets, while investors await US consumer credit data.
  • Business Bullet: Greece debt rating, LVMH eys Bulgari, HSBC headquarters and oil price rises
    Mon, 07 Mar 2011 04:05:49 -0800
    Sparkling profits gives it clout for all-share deal

  • Five policies that would lead to growth
    Mon, 07 Mar 2011 03:57:34 -0800
    David Cameron really must do everything to encourage businesses to grow, says David Green.

  • Anonymous Hackers Target Alleged WikiLeaker Bradley Mannings' Jailers
    Mon, 07 Mar 2011 03:34:13 -0800
    The hacker group is planning to mass-harass officials at the Department of Defense responsibility fo
  • Morning Tech Wrap: Facebook, RIM, Google
    Mon, 07 Mar 2011 03:29:01 -0800
    Facebook reportedly resumes talks with Skype, Twitter gets a big new valuation and other tech news.
  • Morning Tech Wrap: Facebook, RIM, Google
    Mon, 07 Mar 2011 03:29:01 -0800
    Facebook and Skype have resumed talks about integrating a video conferencing service in the social network, according to a Bloomberg report citing two people familiar with the discussions. One of the sources said the the companies had discussed a partnership last year but were unable to reach and agreement.
  • Lib Dem MP Stephen Williams backs plan to give bank shares to 46m UK voters
    Mon, 07 Mar 2011 03:22:34 -0800
    The Government's stakes in Royal Bank of Scotland and Lloyds Banking Group would be given away to British voters under a plan endorsed by a senior Liberal Democrat.

  • Altera Shares Hit New High
    Mon, 07 Mar 2011 03:17:32 -0800
    Shares of Altera Corp. (NASDAQ: ALTR) touched a new 52-week high of $45 on Friday. The compay said March 1 that it still predicts first quarter sales to decline 1 percent to 5 percent sequentially.
  • EXFO Shares Hit New High
    Mon, 07 Mar 2011 03:17:19 -0800
    Shares of EXFO Inc (NASDAQ: EXFO) touched a new 52-week high of $12.86 on Friday. The company said it extends its optical transport network testing capabilities to qualify 100G/40G Ethernet client services.
  • Moody's downgrade tips Greece closer to brink
    Mon, 07 Mar 2011 02:56:00 -0800
    ATHENS/LONDON (Reuters) - Moody's slashed Greece's credit rating by three notches on Monday, raising the specter that the distressed euro zone sovereign may be forced to restructure its debt, perhaps...

  • Digital Music Revenues Projected To Reach $20 Billion By 2015
    Mon, 07 Mar 2011 02:36:59 -0800
    Digital music industry revenues should reach $20 billion a year by 2015, according to Ovum, a market
  • Digital Music Revenues Projected To Reach $20 Billion By 2015
    Mon, 07 Mar 2011 02:36:59 -0800
    Digital music industry revenues should reach $20 billion a year by 2015, according to Ovum, a market a research firm. Ovum expects compound growth of 20% a year from 2011 to 2015, driven by strong growth in subscription music services.
  • Lloyds Banking Group and RBS share price down on FTSE 100 after Lib Dem share plan report
    Mon, 07 Mar 2011 02:28:32 -0800
    Shares in British banks were mixed on the FTSE 100 in morning trading after a barrage of news and reports over the weekend about the future of banks and regulation.
  • RIM Marketing Chief to Leave in Six Months
    Mon, 07 Mar 2011 02:09:00 -0800
    Blackberry maker Research in Motion Ltd. (RIM) said its chief marketing officer Keith Pardy will be leaving in six months, just weeks ahead of its PlayBook tablet launch.
  • S.Africa's Sasol H1 headline EPS up 22 pct
    Mon, 07 Mar 2011 01:38:41 -0800
    South Africa's Sasol on Monday posted a 22 percent rise in first-half profit, boosted by cost cuts and higher oil and product prices, and said it expects better full-year operational performance.
  • Kenya's StanChart FY pretax profit up 14 pct
    Mon, 07 Mar 2011 01:36:54 -0800
    Standard Chartered Bank Kenya joined other banks that experienced high growth in 2010 by posting a 14 percent rise in 2010 pretax profit on increases in income and customer deposits on Monday.

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