Wednesday, September 28, 2011

Business News - 28 september 2011



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Business News



  • The New UBS Is A Lot Like The Old UBS
    Wed, 28 Sep 2011 07:08:40 -0700
  • Wall Street extends gains, Dow up 1 percent
    Wed, 28 Sep 2011 07:06:07 -0700
    NEW YORK (Reuters) - Stocks extended their gains with the Dow rising 1 percent on Wednesday as investors remained optimistic about progress on plans to lessen the euro zone's debt woes.

  • Amazon Debuts New Kindle Fire Tablet (Live)
    Wed, 28 Sep 2011 07:03:28 -0700
  • Spotify And Facebook Could Take A Bite Out Of iTunes
    Wed, 28 Sep 2011 07:01:20 -0700
  • Eat Your Racist Cupcakes and Count Your Blessings
    Wed, 28 Sep 2011 07:00:56 -0700
  • When Is A Web Hacker Good For My Business?
    Wed, 28 Sep 2011 07:00:24 -0700
    When you ask for it.
  • Charity Watch Auction in Monaco Raises $6.2M for MD Research
    Wed, 28 Sep 2011 07:00:24 -0700
  • EUROPE INSPIRED RALLY
    Wed, 28 Sep 2011 06:59:13 -0700
    U.S. stocks rose at Thursday's open, as investors were heartened by the latest positive development in Europe's debt crisis.
  • U.S. Investing: Are the Best Times Over?
    Wed, 28 Sep 2011 06:55:12 -0700
    An elevated risk premium for stocks may be a buy signal, but only if you think the U.S. will shake off its economic difficulties
  • Chipotle Diners May Defect As Burritos Get Pricier, Stock Sinking To $276
    Wed, 28 Sep 2011 06:54:50 -0700
  • Jobs Sputter as Laws and Regulators Go Wild
    Wed, 28 Sep 2011 06:53:50 -0700
    John Boehner will never match President Obama’s rhetorical ability, but that doesn’t mean the House Speaker can’t deliver a good speech. What Boehner lacks in style he makes up for in genuineness and common sense shaped by his small business background. A case in point was the Speaker’s address to the Washington Economic Club this month, during which he advised Obama to fire his Cabinet members if they continue to stymie job creation through regulatory overreach.
  • Emirates Adds U.S. Routes to Revive Challenge Halted by 9/11
    Wed, 28 Sep 2011 06:49:01 -0700
    Emirates, the biggest international airline, will add flights to Seattle and Dallas in a revival of plans to establish a major route network to the world’s largest economy that it shelved after the 2001 terror attacks.
  • The Problem With Green Taxation
    Wed, 28 Sep 2011 06:44:58 -0700
    The problem with green taxation, a tax on carbon emissions say, is neatly encapsulated in this story:
    George Osborne’s plans to push up air passenger duty by around 10 per cent is driving foreign tourists away and undermining David Cameron’s Great Britain campaign, tourism chiefs have warned.
    The theory behind such taxes is impeccable. Some of the things we do have effects, those effects not being included in hte price we pay to do those things. So called "externalities", things external to hte price system we use to take our decisions.
  • The Problem With Green Taxation
    Wed, 28 Sep 2011 06:44:58 -0700
    The problem with green taxation, a tax on carbon emissions say, is neatly encapsulated in this story: George Osborne's plans to push up air passenger duty by around 10 per cent is driving foreign tourists away and undermining David Cameron's Great Britain campaign, tourism chiefs have warned. The theory behind such taxes is impeccable. Some ...
  • Protesters plan to occupy London Stock Exchange
    Wed, 28 Sep 2011 06:43:13 -0700
    A group of protesters are organising an occupation of the London Stock Exchange to bring attention to what they see as unethical behaviour on the part of banks, following a similar demonstration on Wall Street.

  • VIDEO: 'Fairness' case for EU finance tax
    Wed, 28 Sep 2011 06:42:55 -0700
    The BBC's Jamie Robertson on the European Commission president's call for a finance transaction tax - and Boeing's new Dreamliner.
  • 3 Technical Indicators to Start Using Today
    Wed, 28 Sep 2011 06:42:37 -0700
    Moving averages, the relative strength index, and stochastics can improve your market-timing decisions, recommends Dave Whitmore. In part one of his interview with MoneyShow.com, he also discusses the importance of having a clear strategy every time you enter a trade, and of understanding your own risk tolerance. Listen to the complete interview here. Kate Stalter: ...
  • Spotify Tries To Soothe Angry Users Over Facebook Conditions
    Wed, 28 Sep 2011 06:42:07 -0700
    Comes as users revolt on requirement for new users to have Facebook account.
  • Alaska Airlines Gets Social With Facebook, Stock Looks Friendly
    Wed, 28 Sep 2011 06:40:47 -0700
    The app intends to leverage the benefits of 'social travel,' which typically entails sharing travel experiences and information with friends through social networking sites. We have a $68 price estimate for Alaska Airlines, which is about 20% ahead of the current market price.
  • Caterpillar Faces Macro Risks But Stock Should Be $116
    Wed, 28 Sep 2011 06:36:28 -0700
    Amid heightened uncertainty around the European debt crisis and sluggish U.S. growth, we believe we could see a meaningful slowing in Caterpillar's business in the second half of the year. Nonetheless, our $116 price estimate for Caterpillar stock is about 40% above market price.
  • Best Buy To Hire Far Fewer Holiday Temps In 2011
    Wed, 28 Sep 2011 06:36:00 -0700
  • Best Buy To Hire Far Fewer Holiday Temps In 2011
    Wed, 28 Sep 2011 06:36:00 -0700
    Best Buy will hire only 15,000 seasonal workers this for this year?s holiday shopping season, down from 29,000 last year, CEO Brian Dunn told Reuters, and is counting on overtime hours for regular staff to bridge the gap. Dunn said the company is not counting on getting a big boost this year from the Christmas ...
  • Amazon's $199 Kindle Fire Takes on iPad
    Wed, 28 Sep 2011 06:35:59 -0700
    First it was Earth's Largest Bookstore. Now, with the new Kindle Fire, Amazon's Jeff Bezos is making his boldest move yet
  • EU Stiffens Deficit, Debt Rules to Prevent Further Crises
    Wed, 28 Sep 2011 06:35:03 -0700
    The European Union toughened the enforcement of rules to control budget deficits in a bid to prevent a repetition of the Greece-triggered debt crisis that threatens the euro and global growth.
  • Amazon Tablet: Apple Will Be Fine, But Netflix Is Another Story
    Wed, 28 Sep 2011 06:34:35 -0700
  • Amazon Tablet: Apple Will Be Fine, But Netflix Is Another Story
    Wed, 28 Sep 2011 06:34:35 -0700
    If you?ve skimmed the news yesterday and today about Amazon?s expected tablet announcement, you?ve noticed that nearly everyone is pointing to Apple?s iPad as they key competitive target. That might be true, but I don?t expect Cupertino lost much sleep last night. Apple is accustomed to less expensive and more open-sourced (RE: Android) mobile devices ...
  • The Death of Flash and the Quiet Triumph of Open Standards
    Wed, 28 Sep 2011 06:34:35 -0700
    Yesterday I noticed this story about a web startup called SlideShare ditching Flash (a proprietary plugin provided by Adobe) in favor of HTML 5 (a set of open web standards that have recently been adopted by the major browsers). One announcement by an obscure startup is hardly news. But the announcement is part of a ...
  • Madoff, L.A. Dodgers, Hussey, Lehman, Solyndra: Bankruptcy
    Wed, 28 Sep 2011 06:34:02 -0700
    New York Mets owner Fred Wilpon failed to win dismissal of the entire $1 billion lawsuit filed against him by the trustee liquidating Bernard L. Madoff Investment Securities Inc.
  • Japan Ready to Help Greece
    Wed, 28 Sep 2011 06:33:11 -0700
    Japan's Finance Minister Jun Azumi told media on a news conference on Tuesday that Japanese government is ready to take measures to relieve some of Europe's mounting debts, reports NHK World News.
  • World markets muddled ahead of Germany vote
    Wed, 28 Sep 2011 06:32:23 -0700
    World markets were weak on Wednesday, backing off from the prior session's rally as member nations of the European Union haggled over expanding the bailout fund for Greece.
  • ‘Bad romance’ hurts net singles
    Wed, 28 Sep 2011 06:32:04 -0700
    Over 200,000 people in the UK may have fallen victim to criminals who woo them online in order to steal their money.
  • Sony Moves Gingerly Into Medical Diagnostics Space
    Wed, 28 Sep 2011 06:31:30 -0700
    This seems worth noting: Japanese tech giant Sony purchased a company focused on diagnostic devices that can be used in doctors offices or hospitals, as opposed to sending the samples away to a laboratory like those run by LabCorp. No matter how much the regulatory bars of the medical business seem to rise, there always seem to be more companies trying to get in.
  • Sony Moves Gingerly Into Medical Diagnostics Space
    Wed, 28 Sep 2011 06:31:30 -0700
    This seems worth noting: Japanese tech giant Sony purchased a company focused on diagnostic devices that can be used in doctors offices or hospitals, as opposed to sending the samples away to a laboratory like those run by LabCorp. No matter how much the regulatory bars of the medical business seem to rise, there always ...
  • UAW nears OK of GM deal
    Wed, 28 Sep 2011 06:31:06 -0700
    DETROIT (Reuters) - The United Auto Workers union looks set to announce approval of its labor contract with General Motors Co on Wednesday as more than half the local bargaining units have voted in favor of the four-year deal.

  • Comex Gold Trading Near Steady as Market Pauses, Consolidates Recent High Volatility
    Wed, 28 Sep 2011 06:30:14 -0700
    (Kitco News) ? Comex December gold futures prices are trading around unchanged levels Wednesday morning as traders are pausing a bit to let the market consolidate the recent big daily price swings. The key ?outside markets? are also not straying too far from steady price levels Wednesday morning, as the U.S. dollar index is slightly ...
  • European Stocks Slide, Snapping Three-Day Rally; Man Group Sinks
    Wed, 28 Sep 2011 06:28:03 -0700
    European stocks fell, snapping the biggest three-day rally in 16 months, after a report that some countries are demanding private creditors take bigger writedowns on Greek bonds.
  • Apple Reportedly To Axe The iPod Classic, iPod Shuffle
    Wed, 28 Sep 2011 06:27:53 -0700
    Apple is planning to kill off the iPod Classic and iPod Shuffle later this year, according to the Apple news site TUAW.com. The piece, which gives no sourcing for the story (other than to say it isn?t coming from an analyst), notes that the Classic uses a hard drive, while Apple is transiting to flash-based ...
  • Korean Wind Farm Helps Shipyards Challenge Siemens
    Wed, 28 Sep 2011 06:26:02 -0700
    South Korea’s investment in a 9.2 trillion won ($8.4 billion) offshore wind farm may help domestic shipbuilders challenge Siemens AG and Vestas Wind Systems A/S in the global turbine market.
  • Stock Market Pandemic
    Wed, 28 Sep 2011 06:24:47 -0700
  • Stock Market Pandemic
    Wed, 28 Sep 2011 06:24:47 -0700
    There?s a pandemic in the stock market right now, and nobody?s seeing it.?? Unfortunately, it may have already impacted you. It affects all levels of equities.?? However, it is most pronounced in relation to penny stocks, because they are thinly traded, and much more susceptible to manipulation. The pandemic I am speaking about comes in ...
  • China Massively Imports Soy and Rapeseed Oil to Grow More
    Wed, 28 Sep 2011 06:23:57 -0700
    China's massive importation of soybean and rapeseed oil, including palm, is seen to cause a global imbalance in the production and supply chain of the commodity, Hamburg-based researcher Oil World said.
  • Demand for U.S. Capital Goods Rises by Most in Three Months
    Wed, 28 Sep 2011 06:20:03 -0700
    Orders for U.S. capital goods climbed in August by the most in three months a sign business investment continues to support the recovery.
  • EU Proposes Financial-Transactions Tax to Start in 2014
    Wed, 28 Sep 2011 06:20:02 -0700
    The European Union proposed a financial-transactions tax that would take effect in 2014 and raise about 57 billion euros ($78 billion) a year, prompting renewed opposition from the U.K.
  • Felixstowe opens new port berths
    Wed, 28 Sep 2011 06:18:41 -0700
    The Port of Felixstowe formally opens the UK's first shipping berths capable of taking the next generation of giant container ships.
  • Ready, Aim, Rally: Stocks Eye Another Advance
    Wed, 28 Sep 2011 06:15:34 -0700
    Markets moving higher again despite dip in durable goods, no concrete resolution in Europe.
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