20100630

17 Alerts from Alertpedia

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Much-Despised TARP Could Make an Early Exit (Jun-30, 21:00 EDT )-- The Obama administration and Congressional Democrats proposed phasing out the program as a way to win Republican support for the financial overhaul package.


House Approves Finance Reform Bill (Jun-30, 21:00 EDT )-- The biggest overhaul of American financial regulation in decades won final approval from the House of Representatives, despite partisan acrimony.


S.E.C. Tightens Rules on Managing Public Pension Funds (Jun-30, 21:00 EDT )-- New measures would prevent campaign donors from using political connections to gain influence.


PACE Energy-Efficiency Programs in Jeopardy (Jun-30, 21:00 EDT )-- Fannie Mae and Freddie Mac may not accept home loans if consumers take advantage of energy-efficiency programs.


State of the Art: Big Body, Big Screen: Droid X Is This Month’s Superphone (Jun-30, 21:00 EDT )-- Speed plus power plus no dropped calls plus clever design. They add up to the Motorola Droid X, the latest “best Android phone on the market.”


Advertising: 2 Suitors for Newsweek Are Said to Be Ruled Out (Jun-30, 21:00 EDT )-- The owners of Newsmax and Thane Ritchie, an Illinois hedge fund manager, are reported to have been rejected by the Washington Post Company.


Crisis Panel Hears of Goldman Push for A.I.G. Cash (Jun-30, 21:00 EDT )-- The head of an investigative panel said Goldman was “by far the most aggressive” in its collateral demands before A.I.G.’s near collapse.


W.T.O. Says Subsidies Helped Airbus to Best Boeing (Jun-30, 21:00 EDT )-- The World Trade Organization ruled that European government subsidies gave the European aircraft maker an unfair advantage over Boeing.


Google to Add Pay to Cover a Tax for Gays (Jun-30, 21:00 EDT )-- Google will raise the salaries of gay and lesbian employees whose partners receive domestic partner benefits, to compensate them for a tax they pay that heterosexual married couples do not.


S.&P. Down 12% After Worst Quarter Since Late 2008 (Jun-30, 20:50 EDT )-- Investors tread cautiously a day after a broad selloff and two days before the government’s monthly jobless report is released.


Amazon to Buy Woot, a Daily Deal Site (Jun-30, 20:50 EDT )-- Woot is one of a cluster of shopping sites that have sprung up in the last few years in a wave of e-commerce innovations.


Microsoft Kin Discontinued After 48 Days (Jun-30, 20:50 EDT )-- The Kin, a Microsoft smartphone aimed at a younger demographic that began selling on May 13, was discontinued because of disappointing sales.


Conversations: Learning to Be Tough Beneath a Hard Hat (Jun-30, 20:40 EDT )-- A single mother finds ways to survive in the difficult government contract world and the male-dominated construction industry.


Ex-AIG Exec Defends Rise Of Risky Investments (Jun-30, 16:35 EDT )-- A former top executive of American International Group Inc. acknowledged his division more than tripled the amount of risky investments it insured in the three years leading up to the 2008 financial meltdown. But Joseph Cassano rebuffed accusations...


Worried About The Deficit? Blame Health Care (Jun-30, 14:59 EDT )-- Unless something changes, rising federal deficits will be driven largely by government spending on health care.


$11 A Pack? NYC Smokers Pay To Light Up (Jun-30, 14:19 EDT )-- New York is adding taxes to each pack in an effort to close its gaping budget deficit. The New York Department of Health estimates that 80,000 smokers in the state will quit in light of the tax. And while that will be good for their health, it's not...


TARP Puts Some Republicans On The Defensive (Jun-30, 11:07 EDT )-- The Troubled Asset Relief Program, which was created under President George W. Bush, is about to end. And many Republicans who voted to pass the Wall Street bailout in the fall of 2008 are now accused of being big-government supporters.


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18 Alerts from Alertpedia

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A.I.G. Figure Says He Could Have Saved Billions (Jun-30, 15:38 EDT )-- Joseph Cassano, who oversaw the unit that was heavily involved in credit default swaps, defended A.I.G.’s investment strategy prior to the company’s near-collapse.


Trade Drunk. Refill. Lose $10 Million. (Jun-30, 15:32 EDT )-- A former oil futures broker engineered a jump in the price of oil a year ago and cost his firm millions after a weekend of heavy drinking, Britain’s financial regulator disclosed.


Just How Bullish Is the White House? (Jun-30, 15:31 EDT )-- There is some uncertainty and even debate in the administration about the strength of the current upturn.


Stocks Close Lower After a Late Downturn (Jun-30, 15:30 EDT )-- Investors tread cautiously a day after a broad selloff and two days before the government’s monthly jobless report is released.


If Cars Could Fly (Jun-30, 15:05 EDT )-- A small plane that can land at airports, fold its wings and be driven away as if it were a regular car recently received Federal Aviation Administration approval for added weight.


China Partially Blocking Google Searches (Jun-30, 14:49 EDT )-- Google says that China is blocking some searches from its users in mainland China.


Conversations: Cracking the Good Ol’ Boy Network (Jun-30, 14:44 EDT )-- A single mom finds ways to survive in the male-dominated construction industry.


New York Smokers Paying More To Light Up (Jun-30, 14:19 EDT )-- With a new tax driving the average cost of a pack of cigarettes up to almost $11 in New York City, some are going to go elsewhere for their smokes.


European Commission Proposes Penalties for Budget Offenders (Jun-30, 14:14 EDT )-- Governments that spend beyond their means could suffer a loss of farm aid and pay penalties under the proposal, which could take effect next year.


Portuguese Government Blocks Sale of Brazilian Operator (Jun-30, 14:12 EDT )-- Reviving a debate about protectionism in Europe, the Portuguese government blocked a 7.15-billion-euro bid by Telefónica of Spain to take full control of a joint venture with Portugal Telecom.


Ford Motor To Repay $4 Billion More In Debt (Jun-30, 13:31 EDT )-- Ford said it will reduce its huge debt by another $4 billion as the automaker continues to show signs of financial strength. The company will pay $3.8 billion in cash to a United Auto Workers health care trust fund and $255 million in deferred...


Police Torture Reporting Brings Verdict, But Who Will Do the Work Next Time Around? (Jun-30, 13:24 EDT )-- A long-running story on police torture in Chicago yields a verdict, but John Conroy, the reporter whose work got the investigation started, no longer has a job.


Airbus Subsidies From Europe Are Ruled Improper (Jun-30, 13:20 EDT )-- The World Trade Organization determined that European government subsidies gave the European aircraft maker an unfair advantage over Boeing.


The Great Debt Reset (Jun-30, 13:17 EDT )-- Reviving the economy with more debt ignores what ought to be the lessons of the last few years.


What's With The Purple Shoes? (Jun-30, 11:03 EDT )-- If you've been watching a lot of soccer lately, you've probably seen a remarkably high number of gifted athletes this year sporting ridiculous glowing footwear. What gives?


Mad Dash As Homebuyer Tax Credit Deadline Arrives (Jun-30, 11:00 EDT )-- Wednesday is the last day for homebuyers to close on purchases if they want to get the $8,000 federal tax credit. But a national Realtors group says as many as 180,000 people may not make it because of various delays. A bill working its way through...


Michael Klare: Grappling With The Age Of 'Tough Oil' (Jun-30, 11:00 EDT )-- Journalist Michael Klare says we've used up what he calls the "easy oil" on Earth. What's left is "tough oil" -- deep underground, far offshore or in complex geological formations. Klare details the hazards of drilling in these environmentally...


Calif. Schools on Brink of Bankruptcy (Jun-30, 10:08 EDT )-- More than a dozen districts are in immediate danger, while 160 others are in financial limbo.


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20 Alerts from Alertpedia

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NBA's King James Seeks His Next Court (Jun-30, 09:25 EDT )-- LeBron James will be a free agent when he wakes up on Thursday. As dominating as he is on the court for the Cleveland Cavaliers, he hasn't been able to singlehandedly lift them to an NBA title. What he's lacked is a stellar wingman.


Stocks Edge Up in Early Trading (Jun-30, 09:20 EDT )-- Private jobs creation in June was disappointing, adding more doubt to hopes that consumer would lead an economic recovery.


In U.S. Bailout of A.I.G., Forgiveness for Big Banks (Jun-30, 09:14 EDT )-- Documents indicate that federal regulators ignored recommendations to force banks that did business with A.I.G. to accept losses on the deals.


Boeing to Acquire a Defense Company for $775 Million (Jun-30, 09:00 EDT )-- The aircraft maker will buy Argon ST to expand its capabilities in warfare and intelligence gathering.


Ford Plans to Repay $4 Billion in Debt (Jun-30, 09:00 EDT )-- The automaker said it planned to strengthen its balance sheet by using cash instead of stock to pay down debt owed to a health care trust for union retirees.


Ex-AIG Chief Says He Was Truthful About Losses (Jun-30, 08:55 EDT )-- A former CEO of American International Group Inc. says he told the truth about the company's losses while defending its compensation plan. Joseph Cassano, who led AIG from 2002 to 2008, is expected to tell a special panel that he did "my very best" to...


Mad Dash To Beat Homebuyer Tax Credit Deadline (Jun-30, 08:49 EDT )-- Wednesday is the last day for home buyers to close escrow if they want to get the $8,000 tax credit. But a national Realtors group says as many as 180,000 people may not make it because of various delays. Now there’s a bill working its way through...


Into the Great Green Beyond (Jun-30, 08:20 EDT )-- At the end of an eco-conscious life, there is a final choice a person can make to limit his or her impact on the planet: a green funeral.


Report: Private Jobs Up Just 13,000 In June (Jun-30, 07:47 EDT )-- Private employers added far fewer jobs than expected in June, payroll company ADP said. That's well short of the 60,000 economists forecast and may be a precursor to a weak jobs report from the Labor Department on Friday.


German Unemployment Down for 12th Straight Month (Jun-30, 07:22 EDT )-- However, concerns about the economic outlook for 2011 cast doubt over whether joblessness could fall much further.


Another Recession, or a Long, Slow Recovery? (Jun-30, 07:09 EDT )-- The labor market is recovering and will continue to do so, but slowly, an economist writes.


Celgene to Buy Abraxis in $2.9 Billion Deal (Jun-30, 07:00 EDT )-- Celgene Corporation, the biopharmaceutical company, said Wednesday that it would buy Abraxis BioScience in a cash and stock deal that values the company at $2.9 billion.


E.C.B. Auction Provides Reassurance on Banks (Jun-30, 06:14 EDT )-- Europe's financial institutions sought far less money from the European Central Bank on Wednesday than many analysts had expected.


The Problem With Unreported Income (Jun-30, 06:00 EDT )-- Good luck trying to sell your company for what you think it's worth.


Small Stores See Google as Ally in E-Book Market (Jun-30, 03:30 EDT )-- Google may soon become the primary source of e-books on the Web sites of hundreds of independent booksellers.


Democrats Make Final Push On Financial Overhaul (Jun-30, 03:00 EDT )-- Democrats have been struggling to round up the 60 votes they'll need to push the financial regulations bill over the finish line. They agreed to some changes in the bill Tuesday in order to win some Republicans' votes.


Google Tries To Save Internet License In China (Jun-30, 03:00 EDT )-- Faced with the prospect of losing its Internet license in China, Google has announced it will no longer automatically redirect Chinese users to its unfiltered site in Hong Kong. Instead, Chinese users will have to click a tab on the Google site if they...


Colorado Town Divided Over Uranium Mine (Jun-30, 03:00 EDT )-- The White House is pushing nuclear energy, but is fighting a huge perception problem -- especially when it comes to mining the uranium needed to fuel the power plants. Just getting the uranium out of the ground to fuel nuclear reactors is creating a...


Look In The Sky: It's A Bird. It's A Plane. It's A Car? (Jun-30, 03:00 EDT )-- A company based in Massachusetts has created what its calls a "street legal airplane." The Terrafugia is a flying car. It has received approval from the FAA to be classified as a "light sport aircraft." Pilots can choose to fly it as a plane -- or...


Hurricane Alex Hinders Gulf Cleanup Crews (Jun-29, 23:00 EDT )-- Strong winds from Hurricane Alex are whipping up waves in the Gulf of Mexico and sending more oil toward the shoreline. In Port Fourchon, La., crews say they recently finished cleaning up a beach only to have it dirtied again by more oil.


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58 Alerts from Alertpedia

RSS Feed Alerts

Featured Advertiser (Jun-29, 23:00 EDT )


Panel scraps bank fee from regulations bill (Jun-29, 23:00 EDT )-- Lawmakers who thought they were done negotiating the final version of financial regulatory legislation reconvened Tuesday after key Republican supporters threatened to bolt in a sudden dispute over how the bill would be funded. Financial services...


Senators predict a climate bill capping emissions only for utilities (Jun-29, 23:00 EDT )-- A bipartisan group of senators emerged Tuesday from a meeting with President Obama still divided over how to craft a climate and energy bill, with lawmakers predicting scaled-back legislation that would cap emissions from electric utilities rather than...


Steering U.S.-China economic relations toward a new normal (Jun-29, 23:00 EDT )-- Let's take a moment to note that stock prices fell sharply Tuesday in part because of a downward revision of leading economic indicators -- in China. China - Asia - Business and Economy - Maps and Views - Economic Cooperation Framework Agreement


Strong trading debut for Tesla Motors sparks hopes for electric-car market (Jun-29, 23:00 EDT )-- Since its founding in 2003, the luxury automaker Tesla Motors has never turned a profit. Its charismatic founder recently ran out of cash. It has sold fewer than 1,500 vehicles. Tesla Motors - Business - Electromechanical - Electronics and...


Despite BP corporate code, firm has made political contributions (Jun-29, 23:00 EDT )-- BP, the global energy corporation whose massive oil spill is fouling huge swaths of the Gulf of Mexico, proclaims in its corporate code of conduct that it will "make no political contributions, whether in cash or in kind, anywhere in the world." ...


SEC settles with Gary Aguirre over firing during Pequot Capital Management probe (Jun-29, 23:00 EDT )-- First, they fired him. Then, they worked to portray him as a "basket case." Now, they're paying him $755,000 to settle his claims. The agreement by the Securities and Exchange Commission on Tuesday to settle a wrongful-termination suit by former...


Gen. McChrystal to retain four-star rank in retirement (Jun-29, 23:00 EDT )-- Gen. Stanley A. McChrystal will retain his four-star rank when he retires from the military, the White House said Tuesday. The decision means he will earn about $149,700 per year before taxes in military retirement pay. United States - Stanley...


China, Taiwan sign trade pact (Jun-29, 23:00 EDT )-- BEIJING -- China and Taiwan, political rivals separated by 60 years of history and hostility, highlighted their growing economic links Tuesday by signing a trade cooperation agreement that could dramatically increase the flow of goods across the narrow...


Madigan sues Countrywide, alleging discrimination (AP) (Jun-29, 19:33 EDT )-- AP - Attorney General Lisa Madigan filed a lawsuit Tuesday against Countrywide, alleging the fallen mortgage industry giant discriminated against blacks and Latinos buying home mortgages in Illinois.


House rejects extension of unemployment benefits (AP) (Jun-29, 19:17 EDT )-- AP - With Republicans citing concerns about the growing national debt, the House rejected a bill Tuesday to extend unemployment benefits for people who have been out of work for long stretches.


Stock and job woes take toll on Americans' mood (AP) (Jun-29, 19:16 EDT )-- AP - So much for optimism. A dramatic drop in consumer confidence sent stocks plunging Tuesday and left a key index at its lowest level of the year, heightening fears that the economic recovery is stalling.


IMF mulls new crisis-lending instruments (Reuters) (Jun-29, 18:54 EDT )-- Reuters - The International Monetary Fund is working to develop new lending instruments for economies hit by crises that are not of their own making, IMF Managing Director Dominique Strauss-Kahn said on Tuesday.


Schwarzenegger urges postponing $11.1 billion water bond (Reuters) (Jun-29, 17:53 EDT )-- Reuters - Citing California's fiscal challenges, Governor Arnold Schwarzenegger said on Tuesday he would ask lawmakers to help him postpone an $11.1 billion water infrastructure bond slate for the November ballot until 2012.


"Broken" New York unemployment trust may cost $1.3 billion (Reuters) (Jun-29, 16:29 EDT )-- Reuters - New York's "broken" unemployment trust could cost the state $1.265 billion in interest penalties over the next eight years because it has a $3.2 billion deficit, Governor David Paterson said Wednesday.


Summary Box: Commodities plummet on economy fears (AP) (Jun-29, 16:23 EDT )-- AP - ECONOMIC WORRIES: Investors were spooked by disappointing economic reports from the U.S., China and Japan. Traders are concerned that a slowdown in three of the world's largest economies will cut into demand for industrial metals and oil.


Democrats hold slight edge in California races: poll (Reuters) (Jun-29, 16:13 EDT )-- Reuters - California Democratic candidates for the Senate and governor hold a narrow edge over their Republican opponents as voters worry about the economy with four months to go until the November elections, a Reuters/Ipsos poll found on Tuesday.


Commodities fall as investors spooked by weak data (AP) (Jun-29, 15:59 EDT )-- AP - Industrial metals and oil led a broad sell-off in commodities Tuesday as investors were unnerved by more signs that the economic recovery around the world may be becoming more tenuous.


Fiscal 2011 could be hardest yet for states (Reuters) (Jun-29, 15:52 EDT )-- Reuters - U.S. states in fiscal 2011 could be facing the worst budget situation since the recession began in 2007, according to a think-tank report released on Tuesday.


Bipartisan group of senators ends meeting without deal on climate bill (Jun-29, 15:51 EDT )-- A bipartisan group of senators emerged Tuesday from a closed-door meeting with President Obama still divided over how to craft a climate and energy bill, though some lawmakers said they could envision a scaled-back bill focused on electric utilities...


Consumer confidence slumps, home prices rise (Reuters) (Jun-29, 15:50 EDT )-- Reuters - U.S. consumer confidence dropped in June after rising for three months, adding to the view the economic recovery is slowing, while home prices unexpectedly climbed in April.


House fails to pass unemployment aid extension (Reuters) (Jun-29, 15:27 EDT )-- Reuters - Republicans in the House of Representatives on Tuesday blocked a Democratic effort to extend unemployment benefits for the long-term unemployed.


House rejects extension of unemployment benefits (AP) (Jun-29, 15:26 EDT )-- AP - With Republicans citing concerns about the growing national debt, the House rejected a bill Tuesday to extend unemployment benefits for people who have been out of work for long stretches.


Oil prices plummet on concerns about US demand (AP) (Jun-29, 15:24 EDT )-- AP - Oil prices plummeted Tuesday as ebbing consumer confidence in the economic recovery set off concerns about gasoline demand for the busy summer season.


Stock and job woes take toll on Americans' mood (AP) (Jun-29, 15:08 EDT )-- AP - Stung by falling stocks and sick of waiting for jobs to come back, Americans are in a sour mood about the economy. And it's getting worse fast.


Oil prices drop sharply (AP) (Jun-29, 14:56 EDT )-- AP - Oil prices plummeted Tuesday as ebbing consumer confidence in the economic recovery set off concerns about gasoline demand for the busy summer season.


JFK terror plot suspect pleads to lesser charge (AP) (Jun-29, 14:14 EDT )-- AP - One of four men accused of plotting to kill thousands and cause an economic catastrophe by blowing up John F. Kennedy International Airport pleaded guilty to a lesser charge Tuesday, the day before his federal trial was to begin.


Democrats hold slight edge in California races: poll (Reuters) (Jun-29, 14:07 EDT )-- Reuters - California Democratic candidates for the Senate and governor hold a narrow edge over their Republican opponents as voters worry about the economy with four months to go until the November elections, a Reuters/Ipsos poll found on Tuesday.


A look at global economic developments (AP) (Jun-29, 12:53 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Tuesday:


Global markets plunge on renewed growth fears (AFP) (Jun-29, 12:34 EDT )-- AFP - Stock markets in Europe and the United States fell hard Tuesday, following earlier losses in Asia, on news of a surprising erosion in US consumer confidence that sparked fears for global recovery.


Obama: US economy 'strengthening' despite weak data (AFP) (Jun-29, 12:00 EDT )-- AFP - President Barack Obama, with Federal Reserve chairman Ben Bernanke at his side, insisted the US economy was "strengthening" Tuesday despite foreboding data and a fresh stock market slump.


Wal-Mart names new U.S. CEO amid slumping sales (Reuters) (Jun-29, 11:48 EDT )-- Reuters - Wal-Mart Stores Inc on Tuesday named Bill Simon to run its U.S. discount stores, which have struggled with sluggish sales as their core customer continues to be pressured by high unemployment.


Wal-Mart names new U.S. CEO (Reuters) (Jun-29, 10:00 EDT )-- Reuters - Wal-Mart Stores Inc on Tuesday named Bill Simon to run its U.S. discount stores, which have struggled with sluggish sales as their core customer continues to be pressured by high unemployment.


The Dangers of DIY Estate Planning (U.S. News & World Report) (Jun-29, 09:59 EDT )-- U.S. News & World Report - Every year, thousands of consumers bypass lawyers and create their own wills, powers of attorney, and other estate planning documents with the help of online tools and books. As one might expect, lawyers don't like this do-it...


Obama, Bernanke agree economy strengthening (Reuters) (Jun-29, 09:58 EDT )-- Reuters - President Barack Obama said on Tuesday he and Federal Reserve Chairman Ben Bernanke agreed that the U.S. economy is strengthening and that growth must be increased to boost jobs.


China, Taiwan sign trade pact linking economies (Jun-29, 09:47 EDT )-- BEIJING -- China and Taiwan, political rivals separated by 60 years of history and hostility, highlighted their growing economic links Tuesday by signing a trade cooperation agreement that could dramatically increase the flow of goods across the narrow...


Consumer confidence tumbles in June (AP) (Jun-29, 09:46 EDT )-- AP - Americans, worried about jobs and the sluggish economic recovery, are having a relapse in confidence, causing a widely watched index to tumble in June and raising concerns about consumer spending in the critical months ahead.


UK FTSE index plunges more than 3% (AFP) (Jun-29, 09:40 EDT )-- AFP - The London stock market dived by more than 3.0 percent on Tuesday, mirroring steep losses elsewhere on the back of weak US data and mounting global economic jitters, dealers said.


US consumer confidence slumps (AFP) (Jun-29, 09:33 EDT )-- AFP - US consumer confidence tumbled in June after three straight monthly rises amid increasing US economic uncertainty and unemployment concerns, according to a closely watched survey released Tuesday.


Consumer confidence drops in June on jobs worries (Reuters) (Jun-29, 09:13 EDT )-- Reuters - Consumer confidence fell steeply in June after rising for three months, due to worries about the labor market because of a recent slowdown in jobs growth, according to a private sector report released on Tuesday.


Google changes China access after Beijing objects (Jun-29, 09:08 EDT )-- BEIJING-- Google Inc., faced with the likelihood of losing its Chinese operating license this week, said Tuesday that would no longer automatically direct users in China to its companion site in Hong Kong. Google - China - Hong Kong - Asia -...


Home prices climb on tax credit push (Reuters) (Jun-29, 08:58 EDT )-- Reuters - Single-family home prices unexpectedly climbed in April from March, driven by a final sales push before tax credits expired, but signs of a sustained recovery have yet to emerge, Standard & Poor's/Case Shiller home price indexes showed on...


Japan's economic recovery falters in May (AP) (Jun-29, 06:06 EDT )-- AP - Japan's economic recovery faltered in May as moderating export demand dented factory output, household spending fell and the jobless rate unexpectedly rose for a third straight month.


Supreme Court upholds Sarbanes-Oxley Act (Jun-28, 23:00 EDT )-- The Sarbanes-Oxley Act, the heart of the government's response to accounting scandals at Enron and WorldCom, survived a Supreme Court test Monday almost unscathed. Supreme Court - United States Supreme Court - Sarbanes–Oxley Act - United...


Scott Brown reconsidering support of financial regulation bill (Jun-28, 23:00 EDT )-- Sen. Scott Brown (R-Mass.), one of only four Republicans to vote for an earlier version of new financial regulations, is wavering on whether he will support the final bill this week. Scott Brown - United States - Rhode Island - Education -...


Pentagon looks for 100 billion in cost savings (Jun-28, 23:00 EDT )-- Pentagon officials said Monday that they plan to try to cut as much as $100 billion over the next five years out of the billions of dollars spent annually in buying weapons systems and other services from outside contractors. Pentagon - United...


Featured Advertiser (Jun-28, 23:00 EDT )


Two new studies point to risks for people taking the diabetes drug Avandia (Jun-28, 23:00 EDT )-- Two teams of researchers have produced powerful new evidence that the diabetes drug Avandia increases the risk of heart problems and strokes, renewing questions about the safety of the medication. GlaxoSmithKline - Food and Drug Administration -...


Approach of storm delays effort to boost oil extraction from damaged BP well (Jun-28, 23:00 EDT )-- HOUMA, LA. -- Tropical Storm Alex is churning through the Gulf of Mexico as it threatens to become the first storm of this region's notorious hurricane season, forcing officials to delay efforts to double the amount of oil that can be siphoned from BP...


American Capital restructures debt (Jun-28, 23:00 EDT )-- PRIVATE EQUITY Business - Financial Services - Financial Planning - Debt Consolidation - Debt


A global effort of individual moves (Jun-28, 23:00 EDT )-- As the economic crisis has given way to a tentative recovery, the Group of 20 large economies and the International Monetary Fund have agreed that countries need to tailor individual economic policies to fit their circumstances, but that coordinating...


Corrections (Jun-28, 23:00 EDT )-- -- A June 28 Washington Business article about the energy software firm Opower misquoted company founder Alex Laskey in a comment about the annual nationwide savings for utility customers using the company's usage-analysis program. Laskey said annual...


Electric car maker Tesla raises $226 million in IPO; Noble buys Frontier (Jun-28, 23:00 EDT )-- Electric-car maker Tesla Motors raised $226 million selling shares above its forecast price range in the first initial public offering of a U.S. automaker in half a century. Electric car - Tesla Motors - Electric Vehicles - Technology - Energy


China's push to develop its west hasn't closed income gap with east, critics say (Jun-28, 23:00 EDT )-- BEIJING -- Ten years ago, China's leadership launched its "Go West" campaign, an ambitious plan to develop and modernize the country's poor western hinterlands. The aim was simple: to close the region's yawning income gap with the more prosperous east...


The bottom line on financial regulation (Jun-28, 23:00 EDT )-- The House and Senate are getting ready to vote on new rules regulating Wall Street after lawmakers spent last week hammering out a final version of the bill. Democratic leaders still hope to deliver the legislation to President Obama's desk by July 4,...


Featured Advertiser (Jun-28, 23:00 EDT )


IMF grants third tranche of $2.6 billion Sri Lanka loan (Reuters) (Jun-28, 22:23 EDT )-- Reuters - The International Monetary Fund will pay out the delayed third tranche of a $2.6 billion loan to Sri Lanka, saying the government was planning to tackle its weak finances in the 2010 budget to be announced on Tuesday.


EU firms wary of unpredictable China rules: survey (Reuters) (Jun-28, 22:09 EDT )-- Reuters - European firms remain optimistic about China's economic growth prospects, but are less confident about the near-term outlook for profits and are very concerned about regulatory unpredictability, according to a survey.


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20100629

15 Alerts from Alertpedia

RSS Feed Alerts

A Bank Fee Is Cut From Financial Overhaul Bill (Jun-29, 21:48 EDT )-- Congressional negotiators voted down a tax on big banks, instead adopting a new plan to pay the legislation’s cost.


Economic Scene: Betting That Cutting Spending Won’t Derail Recovery (Jun-29, 21:48 EDT )-- In cutting spending to rein in deficits, governments are effectively betting that the private sector can make up for lost stimulus spending â€" and the markets are skeptical.


Larry King to End Show After 25 Years (Jun-29, 21:48 EDT )-- Beset by falling ratings, Larry King said he would stay at CNN in a limited capacity, hosting several special shows.


Circuit Breaker Kicks In for Citigroup Trading (Jun-29, 21:20 EDT )-- Trading was paused for five minutes after a large trade was posted at a price 12.7 percent lower than the previous trade.


Fund Managers’ Profits Are Ripe for a New Tax (Jun-29, 21:20 EDT )-- Gov. David A. Paterson and legislative leaders hope to capture $50 million annually from the change.


General Mills Profit Falls Sharply (Jun-29, 21:00 EDT )-- Despite a sharp drop in net income, the company said its sales volumes rose in all segments.


For $9.99, Hulu Offers Full Seasons of Current Shows (Jun-29, 20:40 EDT )-- For a monthly fee of $9.99, viewers would be able to watch the entire season of their favorite TV shows.


Shares of Tesla, the Electric Carmaker, Rise 40% (Jun-29, 20:40 EDT )-- In the first initial offering by an American carmaker in more than 50 years, Tesla sold for $17 a share and climbed to $23.89 on Nasdaq.


Foursquare Raises an Additional $20 Million (Jun-29, 20:40 EDT )-- The social networking service for mobile phone users, adding 100,000 customers every 10 days, plans to expand.


S.E.C. Settles Suit by a Lawyer It Fired for $755,000 (Jun-29, 20:20 EDT )-- The Securities and Exchange Commission agreed to settle a wrongful termination suit filed by a former staff lawyer who was fired during an insider-trading investigation.


Advertising: A Quest to Learn What Drives Consumer Decisions (Jun-29, 20:20 EDT )-- Draftfcb, a global advertising agency network, is starting an institute to study reactions to advertising and what motivates consumer choices.


G.M. Outlines Plan to Increase Sales and Cut Debt (Jun-29, 20:20 EDT )-- North American consumers are paying an average of $3,000 more for G.M. vehicles than they did a year ago, officials say.


Wal-Mart Names New Head of U.S. Operations (Jun-29, 20:20 EDT )-- Bill Simon, the chief operating officer, was promoted in a unit with a year-long slump in sales.


Stocks Skid Amid Renewed Fears Of Global Slowdown (Jun-29, 16:20 EDT )-- A drop in Asian markets touched off selling after an index that forecasts China's economic activity was revised lower. In Europe, interbank lending tightened, placing the region's financial sector on shaky ground.


Hulu Introduces $10 Video Subscription Service (Jun-29, 16:13 EDT )-- For $9.99 a month, subscribers can get the entire current season of Glee, The Office, House and other shows from broadcasters ABC, Fox and NBC, as well as all the past seasons of several series. The popular, ad-supported website will continue to have a...


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16 Alerts from Alertpedia

RSS Feed Alerts

Stocks Off Sharply as Consumer Confidence Falls (Jun-29, 15:38 EDT )-- The Dow industrials fell below 10,000 again after an index of China’s economy was revised downward.


House Extends Homebuyer Credit Another 3 Months (Jun-29, 15:20 EDT )-- Homebuyers would get an extra three months to complete their purchases and qualify for a generous tax credit under a bill overwhelmingly passed by the House on Tuesday.


Digital Magazines Don't Encourage Socializing (Jun-29, 15:12 EDT )-- New digital magazine applications fall short on social interaction commonplace on the Web, while excelling in design.


Google to Stop Directing All China Users to Hong Kong Site (Jun-29, 15:04 EDT )-- The move is an effort to appease Beijing as Google seeks to renew its license to operate in mainland China.


Wal-Mart Replaces Head of U.S. Operations (Jun-29, 14:57 EDT )-- Bill Simon, the chief operating officer, was promoted in a unit with a year-long slump in sales.


Performance at the Pump Goes Extreme (Jun-29, 14:36 EDT )-- Hypermiling stunts are back, but what do they have to do with real-world fuel economy?


Do Hungry People Take Bigger Financial Risks? (Jun-29, 14:34 EDT )-- Maybe what Wall Street's risk-seeking bankers really need is a better diet.


House Rejects Extension Of Unemployment Benefits (Jun-29, 14:34 EDT )-- The move means payments will stop for more than 200,000 people a week who have exhausted their benefits. Opponents raised objections to the estimated $33.9 billion cost of the package.


S.E.C. Settles With Former Staff Lawyer (Jun-29, 14:30 EDT )-- The agency agreed to settle a wrongful termination suit filed by a former staff lawyer who was abruptly fired during an investigation into possible insider trading.


Bank Tax Sets Back Financial Regulatory Bill (Jun-29, 14:30 EDT )-- Negotiations will have to be reopened after Senator Scott Brown disclosed his opposition if a bank tax is included.


Not So Neighborly Associations Foreclosing On Homes (Jun-29, 14:30 EDT )-- Capt. Mike Clauer was serving in Iraq when he discovered that his home, which was completely paid for, had been foreclosed on for a couple of missed homeowners association payments. His $300,000 home was sold on the courthouse steps for $3,500.


Shares of Tesla, the Electric Carmaker, Rise 10% (Jun-29, 14:29 EDT )-- In the first initial offering by an American carmaker in more than 50 years, Tesla sells for $17 a share and climbs to $18.75 on Nasdaq.


Picking a Marketing Firm (Jun-29, 13:57 EDT )-- How important is it that the firm you hire have experience within your industry?


A $19 Billion Bank Tax May Get Axed (Jun-29, 13:37 EDT )-- Democrats are re-opening negotiations today on the finance-reform bill.


Why Climate Stumps Even the Brightest Scientists (Jun-29, 12:28 EDT )-- A study finds that 14 of the world's top climate scientists have widely varying views about how much the planet might heat up in the future.


BP Offers Cash To Gas Station Owners (Jun-29, 11:12 EDT )-- BP is floating a financial lifeline to the owners, operators and suppliers of the gas stations around America that bear its name and have been struggling because of boycotts prompted by the Gulf spill. The head of a distributors trade group said the...


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25 Alerts from Alertpedia

News Alerts

Increase your chances of getting small business loan (Jun-28, 21:26 EDT )-- Finding funding to start a business or bolster an existing one has been more difficult than usual lately. While the economy improves, banks are still reticent about lending to small business owners. Develop a solid business plan to earn the banks trust...


RSS Feed Alerts

U.S. Stocks Fall Sharply, Following Asia and Europe (Jun-29, 09:55 EDT )-- The Dow industrials fell below 10,000 again after an index of China’s economy was revised downward.


Consumer Confidence Tumbles Amid Job Uncertainty (Jun-29, 09:16 EDT )-- Americans, worried about jobs and the sluggish economic recovery, had another relapse in confidence, causing a widely watched barometer to tumble in June. The Conference Board said its Consumer Confidence Index dropped almost 10 points to 52.9. The...


Auction Aims To Awaken Luxury Home Market (Jun-29, 09:04 EDT )-- At Baltimore's Inner Harbor, 18 luxury townhomes were sold at auction Monday night. It wasn't a foreclosure sale or a sell-off to appease creditors. The goal of the auction was to reset prices in the luxury real estate market. Bids started at $329,000...


E.U. Criticizes Mobile Phone Roaming Charges (Jun-29, 08:57 EDT )-- The European Commission found that mobile phone operators in Europe are still charging close to the maximum allowed, three years after price caps were first imposed.


Google Changes China Access After Beijing Objects (Jun-29, 08:57 EDT )-- Google Inc. said it will stop automatically routing users in China to its Hong Kong site after Beijing threatened the company with the loss of its Internet license in their latest skirmish over censorship. Google shut down its China-based search engine...


Health Law Could Penalize Small Businesses With Part-Timers (Jun-29, 08:05 EDT )-- Small businesses that employ many part-time workers could inadvertently hit a threshold that requires they offer health coverage or paying a big penalty.


Dealbook Column: Preparing for the Next Big One (Jun-29, 07:12 EDT )-- Financial reform legislation is less important than how it is put in place.


New York City's Superior Health (Jun-29, 06:48 EDT )-- New York City's residents have lower mortality rates than the nation's, especially among the older population, though we're not sure why, an economist writes.


Foreign Policy: The Seoul Positive Outcome At G-20 (Jun-29, 06:38 EDT )-- The most striking development at the G-20 summit was the Obama administration's declaration that it intends to move forward with the Korea free trade agreement. According to Phil Levy of Foreign Policy, if the administration sees this through, it may...


How Much Should You Pay Yourself? (Jun-29, 06:16 EDT )-- Some people are perfectly happy running a business for minimal returns. To each his own.


Google to Stop Redirecting Chinese Users to Hong Kong (Jun-29, 05:38 EDT )-- The move is an effort to appease Beijing as Google seeks to renew its license to operate in mainland China.


Nicolas Hayek, 82, Dies; Introduced Swatch (Jun-29, 04:47 EDT )-- Mr. Hayek was the founder and the chairman of the Swatch Group, which made him one of Switzerland’s wealthiest men.


Mortgage Industry Monitors Financial Overhaul Bill (Jun-29, 03:00 EDT )-- The death of Sen. Byrd may mean a delay in passing the financial overhaul bill before Congress. The White House has been pushing for a signing ceremony by July 4th. But even if the date slips, most investors expect the bill to become law. Karen Petrou,...


Tea Party Bookshop To Change Its Name (Jun-29, 03:00 EDT )-- In Salem, Ore., the Tea Party Bookshop, has been extra busy. Followers of the Tea Party political movement discovered the store, and have been calling for literature associated with their cause. As of July 1, the bookstore will be called Tigress Books,...


Google To End Rerouting Of China Site (Jun-29, 03:00 EDT )-- Google shut down its mainland China search engine three months ago -- saying it did not want to continue complying with Beijing's censorship rules. It began redirecting web surfers to its uncensored site in Hong Kong. But today Google says it won't do...


'Alex' Could Slow BP's Plan To Capture More Oil (Jun-29, 01:45 EDT )-- BP could be within a few weeks of stopping the flow of oil into the Gulf of Mexico. The company plans to install new equipment at the well, which could either capture the oil or shut the well down. And the permanent solution -- plugging the well with...


Byrd’s Death Weakens Democrats’ Shifting Majority (Jun-29, 01:10 EDT )-- After Senator Robert C. Byrd’s death, legislation like the energy bill and financial regulation face uncertain fates.


Sports Business: World Cup Ratings Certify a TV Winner (Jun-29, 00:52 EDT )-- The United States’ loss to Ghana was seen by 19.4 million people on ESPN and Univision â€" an audience as large as that for last year’s World Series.


Stocks and Bonds: Shares Close Lower, Despite Consumer Stock Gains (Jun-29, 00:40 EDT )-- The consumer sector rose after the government said that personal spending increased moderately in May, after being flat in April.


On the Road: On Virgin Atlantic Flight, Stranded on the Tarmac (Jun-29, 00:40 EDT )-- Travelers on an international Virgin Atlantic flight, which was not subject to new rules, were given little information while stuck for hours.


Frequent Flier: The Advantages of a Brief Stint on ‘The Sopranos’ (Jun-29, 00:25 EDT )-- Turk Pipkin is the founder of the Nobelity Project, which is focused on basic human rights for children around the world.


Cash Business In Gulf Makes Compensation Difficult (Jun-28, 23:01 EDT )-- In a system that operates primarily in cash, fishermen, seafood buyers and others in the Gulf may have trouble collecting compensation for the oil spill without documented proof of work.


Saad Mohseni Is Afghanistan's First Media Mogul (Jun-28, 23:01 EDT )-- When Saad Mohseni returned to Afghanistan from exile, he bought radio and television networks. His programs attract millions. New Yorker columnist Ken Auletta tells Renee Montagne that in Afghanistan, the old media are still new.


Diabetes Drug Poses Safety Test For FDA (Jun-28, 23:00 EDT )-- The diabetes drug Avandia used to be a $3.4 billion-a-year blockbuster. Then some studies strongly suggested that people taking it have a higher risk of heart attacks. Two new studies, one from the FDA, nail down the risk -- just as the FDA is getting...


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41 Alerts from Alertpedia

RSS Feed Alerts

IMF approves 3rd tranche of $2.6 billion Sri Lanka loan (Reuters) (Jun-28, 20:02 EDT )-- Reuters - The International Monetary Fund said on Tuesday it had approved the disbursement of the delayed third tranche of a $2.6 billion loan to Sri Lanka.


Which innovations deserve patents? Supreme Court gives scant direction. (The Christian Science Monitor) (Jun-28, 19:11 EDT )-- The Christian Science Monitor - In a closely watched case with implications for the American economy, the US Supreme Court on Monday declined to sharply limit patent protection to inventions tied to machines and transformative processes.


Japan jobless rate rises, household spending falls (AP) (Jun-28, 18:46 EDT )-- AP - Japan says the country's unemployment rate climbed to 5.2 percent in May, rising for the third straight month.


Consumer spending up, savings at 8-month high (Reuters) (Jun-28, 16:00 EDT )-- Reuters - U.S. consumer spending rose moderately in May, even as savings touched the highest level in eight months, indicating a tepid economic recovery was still intact.


New York Fed probes Wall Street exposure to BP: sources (Reuters) (Jun-28, 15:59 EDT )-- Reuters - The Federal Reserve Bank of New York has been probing major financial firms' exposure to BP Plc to ensure that if the oil giant buckles under the costs of the Gulf oil spill, it won't put Wall Street or the global financial system at risk,...


German inflation rate down to 0.9 percent (AP) (Jun-28, 15:56 EDT )-- AP - Germany's year-on-year inflation rate has slipped to 0.9 percent this month, helped downward by declining gas prices, authorities in Europe's biggest economy estimated Monday.


New York state may tax out-of-state hedge fund execs (Reuters) (Jun-28, 15:52 EDT )-- Reuters - Recession-hit New York could raise an extra $50 million a year by collecting income taxes from people who work for hedge funds in the state but live elsewhere, according to a legislative plan to raise revenue.


New York Fed probes Wall Street exposure to BP say sources (Reuters) (Jun-28, 15:48 EDT )-- Reuters - The Federal Reserve Bank of New York has been probing major financial firms' exposure to BP Plc to ensure that if the oil giant buckles under the costs of the Gulf oil spill, it won't put Wall Street or the global financial system at risk,...


US consumer spending creeps higher as saving rises (AFP) (Jun-28, 15:29 EDT )-- AFP - US consumer spending rose edged up in May as income growth slowed and saving increased, official data showed on Monday in a report suggesting consumers remain cautious amid high unemployment.


New York Fed probes Wall Street exposure to BP say sources (Reuters) (Jun-28, 15:24 EDT )-- Reuters - The Federal Reserve Bank of New York has been probing major financial firms' exposure to BP Plc to ensure that if the oil giant buckles under the costs of the Gulf oil spill, it won't put Wall Street or the global financial system at risk,...


A look at global economic developments (AP) (Jun-28, 14:50 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Monday:


Supreme Court rejects bid to patent business method, calling it too abstract (Jun-28, 14:47 EDT )-- The U.S. Supreme Court on Monday unanimously rejected a bid by two inventors to patent a business method, ruling that the invention too much resembled an abstract idea. Supreme Court of the United States - Patent - Supreme Court - Intellectual...


Fed officials say U.S. recovery firm but watching Europe (Reuters) (Jun-28, 14:42 EDT )-- Reuters - Europe's debt debacle poses some risks for the United States, but is unlikely to derail the country's solid economic recovery, top Federal Reserve officials said.


Summary Box: Small spending increase, big debate (AP) (Jun-28, 14:31 EDT )-- AP - CONSUMERS STILL CAUTIOUS: Consumer spending rose in May, but not by enough to accelerate the recovery. Incomes rose for the sixth time in seven months.


Cautious consumers may fuel debate over deficits (AP) (Jun-28, 14:29 EDT )-- AP - A tepid gain in consumer spending last month could fuel a debate over whether the United States and other governments should further stimulate their economies to sustain the recovery.


Summary Box: Gold falls amid economic caution (AP) (Jun-28, 13:50 EDT )-- AP - FALLING GOLD: Gold dropped Monday as investors worried pledges by world leaders to cut budget deficits could lead to higher interest rates and lower demand for the metal.


Gold prices fall as deficit cuts could hurt demand (AP) (Jun-28, 13:50 EDT )-- AP - Gold prices retreated Monday after investors interpreted a pledge by world leaders to slash budget deficits as a sign interest rates could rise and hurt demand for the metal.


Byrd's absence could be problematic for financial regulation bill (Jun-28, 13:36 EDT )-- The death early Monday of veteran Sen. Robert Byrd (D-W.Va.) could complicate passage of the landmark financial legislation that Democrats are hoping to send to the president this week. United States - West Virginia - Senate - Robert Byrd - Byrd


Economy Watch: Is rest of Sarbanes-Oxley worth keeping? (Jun-28, 12:56 EDT )-- The Supreme Court struck down one element of the Sarbanes-Oxley legislation today, saying that some federal provisions that created the Public Company Accounting Oversight Board, a private regulatory body meant to discipline accountants who work with...


Rates rise at weekly Treasury auction (AP) (Jun-28, 12:41 EDT )-- AP - Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels in several weeks.


Supreme Court takes narrow approach on anti-fraud law (Jun-28, 12:39 EDT )-- The Supreme Court on Monday left almost completely untouched an oversight board for corporate auditors that was the centerpiece of the government's response to the accounting scandals at Enron and WorldCom. Supreme Court - United States - Law -...


High court passes on tobacco cases, takes on Ariz. immigration law (Jun-28, 12:25 EDT )-- The Supreme Court agreed on Monday to review an Arizona law that sanctions employers for hiring illegal immigrants, but the justices declined to get involved in landmark anti-tobacco litigation, leaving in place a ruling that said cigarette makers lied...


Featured Advertiser (Jun-28, 12:25 EDT )


Consumer spending up, saving at 8-month high (Reuters) (Jun-28, 11:19 EDT )-- Reuters - Consumer spending rose moderately in May even as savings touched the highest level in eight months, suggesting a tepid economic recovery was still intact.


The Swiss Franc Is Almost as Good as Gold (The Motley Fool) (Jun-28, 11:08 EDT )-- The Motley Fool - In Europe, the hardest paper money -- this is beginning to sound like an oxymoron -- has to be the Swiss franc.


Top US lawmaker: 'Debt is a national security threat' (AFP) (Jun-28, 10:34 EDT )-- AFP - One of President Barack Obama's top allies in the US Congress called Monday for military spending cuts and a possible tax increase once the economy has "fully recovered" from the 2008 global meltdown.


Bond investors: Concern over higher interest rates (AP) (Jun-28, 10:29 EDT )-- AP - Bond investors beware: Fear is high that an inevitable increase in interest rates will spell doom for bond returns, eroding income from an increasingly popular source of savings for Americans.


2 Ways Dividend Stocks Can Make You Rich (The Motley Fool) (Jun-28, 09:58 EDT )-- The Motley Fool - Stocks that pay dividends have helped millions of investors become wealthy. But not all dividend stocks are the same. Before you simply pick a few for your portfolio, you need to get a grasp on one of the major differences among the...


Americans spend more in May, see incomes rise (AP) (Jun-28, 09:33 EDT )-- AP - Americans spent a little more in May but not enough to speed along the economic recovery.


Consumer spending and incomes rise in May (Reuters) (Jun-28, 08:01 EDT )-- Reuters - Consumer spending rose slightly more than expected in May even as savings touched their highest level in eight months, pointing to a recovery that remains on solid ground.


Central banks warn of new crisis if exit left too late (Reuters) (Jun-28, 07:56 EDT )-- Reuters - Governments must slash budget deficits decisively and central banks should not wait too long to raise borrowing costs as side effects from measures prescribed to tackle the global recession may create the next crisis, the Bank for...


Oil spill's economic damage may not go beyond Gulf (AP) (Jun-28, 06:19 EDT )-- AP - The BP oil spill has hammered the fishing and tourism industries along the Gulf of Mexico. But it appears the economic damage to the rest of the nation will be limited.


New crisis looms if support measures withdrawn too late (Reuters) (Jun-28, 05:09 EDT )-- Reuters - Governments must slash budget deficits decisively and central banks should not wait too long to raise borrowing costs as side effects from the medicines prescribed against the global recession may create the next crisis, the Bank for...


Face Time: D.C. area business events (Jun-27, 23:00 EDT )-- MONDAY Controlling Your Debt While You're Looking for Work. Lawyers Mike Meier and Terik Hashmi of the International Law Group will discuss how to minimize your financial obligations when your income drops during your job search. 9:45 to 11:30 a.m.,...


This week: In new numbers, a lift or a lull? (Jun-27, 23:00 EDT )-- This busy week of economic data will be capped off with a June jobs report more important than usual -- all of which may offer new insights into whether a string of disappointing data in recent weeks is a fluke or a trend. Business and Economy -...


INSIDER TRANSACTIONS (Jun-27, 23:00 EDT )-- Security - Sports - Teams - Company - Insider trading


Neil's Must Reads (Jun-27, 23:00 EDT )-- What lessons do previous U.S. financial crises -- those between 1980 and 1994 -- offer? The Federal Reserve Bank of Kansas City has published a fascinating online book about the experience of Bill Taylor, who was a top Fed bank regulator and FDIC...


Appointments (Jun-27, 23:00 EDT )-- Siemens Government Services of Reston named Scott McCoy , ex-associate general counsel at Thales, vice president, general counsel and compliance officer. England - Business and Economy - Employment - Government - Business


Reid H. Jackson (Jun-27, 23:00 EDT )-- Position: Chief executive and president of Compusearch Software Systems, a Sterling-based provider of acquisitions and grants software. Michael Jackson - United States - Jackson - Counties - Katherine Jackson


Cuccinelli shows business leaders a new facet of his image (Jun-27, 23:00 EDT )-- For close to an hour last week, Virginia Attorney General Ken Cuccinelli II stood before two dozen top business executives of the Fairfax County Chamber of Commerce and, without notes or prepared remarks, held forth on the legal minutiae of his court...


Bankruptcies (Jun-27, 23:00 EDT )-- These firms recently filed with the U.S. Bankruptcy Court's local court clerk's offices. Bankruptcy - Law - United States - Services - Lawyers and Law Firms


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20100628

13 Alerts from Alertpedia

RSS Feed Alerts

Dealbook: Preparing for the Next Big One (Jun-28, 21:23 EDT )-- Financial reform legislation is less important than how it is put in place.


In Ireland, a Picture of the Cost of Austerity (Jun-28, 21:20 EDT )-- In Ireland, which adopted austerity measures two years ago that other European countries are now looking to pursue, the economic downturn has only grown worse.


Report Warns That Many Banks Still Vulnerable to Crises (Jun-28, 21:20 EDT )-- Easy money that has propped up the banking system during the financial crisis must soon be withdrawn, the Bank of International Settlements said.


Le Monde Chooses Investors in Close Vote (Jun-28, 21:10 EDT )-- The supervisory board of Le Monde chose a trio of left-leaning entrepreneurs to save the paper from bankruptcy.


Advertising: China Has a Taste for U.S.-Grown Nuts (Jun-28, 21:07 EDT )-- Whether walnuts, pecans or almonds, American nuts are in strong demand in China, a turnabout in the usual export story.


Germany Asks Apple About iPhone’s Data-Gathering (Jun-28, 21:07 EDT )-- Like Google and Facebook, Apple has been confronted with Germany’s privacy laws, among Europe’s stiffest.


Supreme Court Upholds Accounting Board (Jun-28, 20:44 EDT )-- A ruling will change only the removal of members of the accounting oversight board created under the 2002 Sarbanes-Oxley law.


In Suit Over Faulty Computers, Window to Dell’s Fall (Jun-28, 20:44 EDT )-- Documents show that Dell was aware of bad components in millions of computers sold from 2003 to 2005.


Carell Plans to Leave ‘The Office’ in 2011 (Jun-28, 20:40 EDT )-- In separate interviews, Mr. Carell seemed to confirm reports that he would leave when his contract expires at the end of the 2010-11 season.


Times Editor to Oversee New Projects (Jun-28, 20:40 EDT )-- In the new role, the editor will have responsibilities involving newsroom projects, business ventures and other initiatives.


Hearst Hires David Carey of Condé Nast (Jun-28, 20:40 EDT )-- Hearst continues its string of hiring outsiders who can lend a fresh perspective to the company’s tradition-bent culture.


Shares Close Lower, Despite Consumer Stock Gains (Jun-28, 20:40 EDT )-- The consumer sector rose after the government said that personal spending increased moderately in May, after being flat in April.


Supreme Court Rejects Appeals of Tobacco Ruling (Jun-28, 20:30 EDT )-- An industry appeal of a racketeering verdict was rejected, as was a request to force the companies to return billions in profits.


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11 Alerts from Alertpedia

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David Carey Leaving Condé Nast to Run Hearst Magazines (Jun-28, 15:43 EDT )-- He will become president of the magazine division, replacing Cathleen P. Black, who will become the division's chairwoman.


Stocks End Slightly Lower on Economic Concerns (Jun-28, 15:22 EDT )-- Consumers remained cautious in May, increasing spending only slightly while putting more of their income into savings.


Small-Business Friendly Provisions Stay in Financial Reform (Jun-28, 15:10 EDT )-- Merchant organizations see a victory, albeit one diminished by compromise.


Report Warns That Many Western Banks Still Vulnerable to Crises (Jun-28, 15:09 EDT )-- The Bank for International Settlements says many banks in Europe and the United States remain dependent on cheap money from central banks - money that should soon be withdrawn.


Is a New Reactor Rust-Prone? (Jun-28, 15:06 EDT )-- Approval of the design for the Westinghouse AP 1000 reactor is slowly moving forward at the Nuclear Regulatory Commission, as are the financial arrangements for building the nation's first one, near Augusta, Ga. Yet the argument about whether its...


Justices Take Broad View of Business Method Patents (Jun-28, 14:58 EDT )-- A system of hedging weather-related costs is denied a patent, but the Supreme Court declines to eliminate patent protection for all business methods and processes.


Supreme Court Upholds Sarbanes-Oxley Act (Jun-28, 14:50 EDT )-- A ruling will change only the removal of members of the accounting oversight board created under the 2002 Sarbanes-Oxley law.


German Official Takes Issue With Apple's Data Compiling (Jun-28, 14:26 EDT )-- The justice minister of Germany on Monday expressed concern over Apple's practice of compiling data on users of its new iPhone.


Supreme Court Strikes Down Corporate Fraud Provision (Jun-28, 14:19 EDT )-- The move allows the SEC to remove members from a powerful board that oversees auditors.


Switzerland's 'Mr. Swatch' Dead At 82 (Jun-28, 13:39 EDT )-- Nicolas Hayek, credited by many for innovations that saved the Swiss watch industry, died of heart failure at his office in Biel, the company said. Hayek introduced the low-cost, popular "Swatch" line of timepieces while protecting the more expensive...


Marzorati to Leave Magazine for New Post at The Times (Jun-28, 12:09 EDT )-- The search for a new editor for The New York Times Magazine is on.


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15 Alerts from Alertpedia

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Apple Sells More Than 1.7M iPhones In 3 Days (Jun-28, 10:08 EDT )-- Apple Inc. said it sold more than 1.7 million units of its new iPhone model in the first three days, making it the most successful product launch in the company's history in terms of sales.


High Court Leaves Tobacco Rulings in Place (Jun-28, 09:40 EDT )-- The court declined to get involved in a legal fight about the dangers of cigarette smoking that has stretched more than 10 years.


U.S. Stocks Slip in Early Trading (Jun-28, 09:27 EDT )-- Promises by the Group of 20 leaders to hold the line on spending offset continued uncertainty about economic growth.


Landry's and the Value of a Shareholder Vote (Jun-28, 09:19 EDT )-- The Deal Professor examines the takeover bid for Landry's Restaurants and how courts should treat shareholder votes by derivative counterparties with no economic interest in a transaction.


Heart Risks Seen in Diabetes Medicine (Jun-28, 08:53 EDT )-- Two studies found that Avandia, a diabetes medicine made by GlaxoSmithKline, substantially increased patients’ heart risks.


Income Gains Exceed Spending, Boosting Savings Rate (Jun-28, 08:40 EDT )-- Consumer spending rose 0.2 percent last month, while incomes were up 0.4 percent, boosting household finances and potentially providing fuel for greater future spending. The spending increase came from outlays on services; consumers spent less on goods...


Is New Hampshire's Anti-Tax Stance Hurting Schools? (Jun-28, 03:00 EDT )-- State and local tax burdens vary greatly from state to state. New Hampshire, for instance, has no income or sales tax -- but its neighbor Vermont has both. Fiscal conservatives say New Hampshire's long history of low taxes has forced the state to keep...


White House Plans To Free Up Airways (Jun-28, 03:00 EDT )-- President Obama plans to sign a memorandum Monday committing the government to freeing up more of airwaves for wireless devices. The plan is to auction off 500 megahertz of the wireless spectrum over the next 10 years. By doing so, the government would...


Arist Builds World's Slowest Porsche (Jun-28, 03:00 EDT )-- An artist in Austria has built a replica of a Porsche sportscar. It's not only the world's cleanest and lightest, the artist proudly bills his creation as the world's slowest Porsche. He built it out of tinfoil, tape and two bicycles. It's currently on...


Tesla Motors Banks On IPO Raising Capital (Jun-28, 03:00 EDT )-- Tesla Motors will begin selling stock to the public this week. It is holding the first initial public offering of a U.S. automaker in a half-century. The maker of the $109,000 electric Roadster is trying to raise as much as $178 million to pay for...


G-20 Leaders Promise To Trim Deficits (Jun-28, 03:00 EDT )-- World leaders meeting in Canada over the weekend agreed to some strong medicine to cut their budget deficits. The move comes despite a warning from President Obama that precipitous cuts in government spending could choke off the fragile economic recovery.


Broadband to Be Available for More Commercial Use (Jun-28, 00:55 EDT )-- A presidential memorandum aims to make available for auction some 500 megahertz of spectrum.


Sports Teams Dabble With Variable Ticket Prices (Jun-28, 00:37 EDT )-- Many teams already charge more for premium games, but now they can factor in matchups and the weather forecast.


Tesla Hopes to Gain $185 Million in Public Offering (Jun-28, 00:32 EDT )-- The carmaker, which was founded in 2003 and has not had a profitable quarter, hopes to raise up to $185 million.


Cleanup Jobs Are Hard To Find In The Gulf (Jun-27, 23:00 EDT )-- Despite the sheer size of the Gulf oil spill, cleanup jobs are hard to come by. Job-seekers in New Orleans say they have gotten the runaround from BP and the Louisiana Workforce Commission when inquiring about work.


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12 Alerts from Alertpedia

RSS Feed Alerts

Obama challenges China on G20 stage (AFP) (Jun-27, 21:18 EDT )-- AFP - US President Barack Obama has launched a stern challenge to China, using the big stage of the G20 summit of world powers to demand Beijing's help in rebalancing the world economy.


G20 push for IMF voting power deal by November (Reuters) (Jun-27, 20:40 EDT )-- Reuters - Group of 20 leaders pledged on Sunday to push for agreement on greater voting power for emerging economic powers in the International Monetary Fund by the next summit in Seoul, South Korea, in early November.


Americans can't buy the world's prosperity: Obama (AFP) (Jun-27, 20:40 EDT )-- AFP - Debt-ridden Americans can no longer "borrow and buy" the world's way toward prosperity, US President Barack Obama has said, warning new drivers of growth were needed to fuel global recovery.


Stocks eye jobs amid economic worries (Reuters) (Jun-27, 20:02 EDT )-- Reuters - Stock investors will anxiously await the crucial June jobs data this week for clues on how the U.S. economy may weather recent storms that drove Wall Street's major indexes down for the year.


G20 parts ways in search of lasting recovery (Reuters) (Jun-27, 18:27 EDT )-- Reuters - World leaders agreed on Sunday to take different paths for cutting budget deficits and making their banking systems safer, a reflection of the uneven and fragile economic recovery in many countries.


G20 urges phasing out of fossil fuel subsidies (Reuters) (Jun-27, 14:22 EDT )-- Reuters - Leaders of the world's biggest economies will pledge on Sunday to phase out subsidies for "inefficient" fossil fuels, in a statement toughened at the last minute at the urging of the United States, Group of 20 sources said.


Senator urges Fed to oversee bank fee changes (Reuters) (Jun-27, 13:26 EDT )-- Reuters - A U.S. senator on Sunday called on the Federal Reserve to ensure that banks do not penalize customers as they phase out free checking accounts and take other steps to increase revenue.


Central bankers urge Europe to sort out debt crisis (Reuters) (Jun-27, 12:59 EDT )-- Reuters - Europe must solve its sovereign debt crisis so as not to endanger the uneven global economic recovery, which is led by China and emerging economies, central bankers said on Sunday.


Sanctions probably won't dissuade Iran: CIA chief (Reuters) (Jun-27, 12:53 EDT )-- Reuters - Targeted economic sanctions on Iran probably will not deter Tehran from seeking a nuclear capability, CIA chief Leon Panetta said on Sunday.


G20 walks tightrope between growth and deficits (Reuters) (Jun-27, 12:45 EDT )-- Reuters - World leaders put the finishing touches on plans to build a more stable global economy on Sunday, but backed away from one-size-fits-all pledges as two years of crisis give way to an uneven recovery.


G20 aims for economic balance in an uneven recovery (Reuters) (Jun-27, 09:21 EDT )-- Reuters - World leaders put the finishing touches on plans to build a more stable global economy on Sunday but backed away from one-size-fits-all pledges as two years of crisis give way to an uneven recovery.


Fraud alleged against N.Y. census workers; Michael Jackson glove auctioned (Jun-26, 23:00 EDT )-- Two U.S. Census Bureau managers in Brooklyn have been fired on suspicion of forging questionnaires and ordering supervisors and clerks in their office to do the same, officials said. Michael Jackson - Auction - Los Angeles - United States - Las...


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20100627

11 Alerts from Alertpedia

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Rolling Stone Back on a Roll With Investigative Articles (Jun-27, 21:50 EDT )-- Rolling Stones’s circulation has increased as it has taken on coverage of the financial crisis and the war in Afghanistan.


A Business Journalist Turned Anti-Banker (Jun-27, 21:50 EDT )-- Until fairly recently, Dylan Ratigan hosted a stock-picking show. Now he rails against the “vampire” banks who “have assumed control of our government.”


Rumblefish to Offer Music for YouTube Users (Jun-27, 21:49 EDT )-- With a new service, YouTube users can buy a license to a copyrighted song to use with a noncommercial video.


G-20 Nations Agree to Cut Deficits by 2013 (Jun-27, 21:45 EDT )-- The Group of 20 countries endorsed a goal of cutting deficits by 2013, despite concern by the U.S. that reducing spending too quickly might set back the fragile global recovery.


Fallout After a Blogger’s Private Comments Are Aired (Jun-27, 21:43 EDT )-- The blogger David Weigel resigned from The Washington Post after three months of covering conservatives.


Payback Time: Labor’s New Critic: Allies in Elected Office (Jun-27, 21:39 EDT )-- Republicans have often railed against public employees’ pay and benefits, but now friends of labor are joining in.


Global Leaders Take a Long View on New Bank Rules (Jun-27, 21:39 EDT )-- The rules are to be finished at the next G-20 summit talks, but it could be years before they take effect.


A Technology Innovator’s Move to Mobile (Jun-27, 21:34 EDT )-- SRI International, whose work led to the computer mouse, has set its sights on the mobile phone and Web market.


Risk-Taking at BP Extends to Energy Markets (Jun-27, 21:19 EDT )-- The future of BP’s trading unit is uncertain as oil spill costs mount and rival firms try to lure away traders.


The Media Equation: Hijacking Rolling Stone’s McChrystal Article (Jun-27, 21:00 EDT )-- Rolling Stone made news with the McChrystal piece it commissioned, edited, fact-checked, printed and distributed. Too bad it didn’t get to publish it first.


World Leaders Vow To Trim Deficits (Jun-27, 17:01 EDT )-- Wary of slamming on the stimulus brakes too quickly but shaken by the European debt crisis, leaders at the G-20 summit in Canada pledged to slash government deficits in the most industrialized nations in half by 2013, with wiggle room to meet the goal.


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6 Alerts from Alertpedia

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More Than 500 Arrested At Toronto Summit (Jun-27, 10:04 EDT )-- Police made more than 500 arrests after black-clad demonstrators broke off from a crowd of peaceful protesters at the global economic summit and went on a rampage in downtown Toronto that lasted into the early morning hours, authorities said Sunday.


The G-20 Argument: Spend More Or Balance Budgets? (Jun-27, 07:00 EDT )-- When world leaders met last year in London for the G-20 summit, they knew exactly what they wanted to do: spend money. All agreed that the global economy was in big trouble, and that government spending would be needed to replace private spending and...


G-20 Leaders Meet While Protests Grow Hot (Jun-27, 07:00 EDT )-- Toronto is bracing for more demonstrations after groups of protesters burned cars and smashed windows Saturday, trying to penetrate the fence surrounding the G-20 economic summit. President Barack Obama is at the meetings and held public and private...


Why Wall Street's Meltdown May Happen Again (Jun-27, 07:00 EDT )-- Journalist Suzanne McGee's new book Chasing Goldman Sachs: How the Masters of the Universe Melted Wall Street Down and Why They'll Take Us to the Brink Again explores the reasons the financial crisis happened and how it could happen again. Guest host...


Pro Cycling's New Worry: Secret Bike Motors (Jun-27, 07:00 EDT )-- As if professional bicycling didn't have enough image problems with all the doping scandals, now come fears that some riders may be trying to hook up secret motors to their bikes. When the Tour de France starts next weekend, officials will be scanning...


The Environmental Cost Of Growing Pot (Jun-27, 07:00 EDT )-- Voters in California will consider a measure on the November ballot to legalize and tax marijuana. Amid the debate over pros and cons, another issue has been gaining visibility: the environmental damage pot cultivation can cause. Illegal pesticide use...


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