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- Asia stocks near 1-month high; euro dips after WSJSINGAPORE (Reuters) - Asian stocks hovered near one-month highs on Tuesday as investors awaited Chinese data, while the euro took a hit after a newspaper report rekindled fears about the weakness of European banks. […]
- Obama kicks off campaign with infrastructure planMILWAUKEE (Reuters) - President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts. […]
- Greek PM reshuffles cabinet, stays fiscal courseATHENS (Reuters) - Greek Prime Minister George Papandreou reshuffled his cabinet early on Tuesday to try to better deal with the debt crisis and signaled he would stay the fiscal course by leaving his finance minister unchanged. […]
- Oil operations in Gulf unaffected by stormHOUSTON (Reuters) - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, and Shell Oil Co said Monday that Tropical Storm Hermine was not affecting their offshore operations. […]
- Fiat to name Toyota executive to head sales: reportMILAN (Reuters) - Italian car maker Fiat SpA will hire Toyota Motor Europe's Andrea Formica to head sales at its four-brand automotive group, Automotive News Europe said, citing sources familiar with the matter. […]
- Basel committee seeks 9 percent Tier 1 capital: reportFRANKFURT (Reuters) - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules. […]
- EU finmins want budget rule offenders rapped swiftlyBRUSSELS (Reuters) - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises. […]
- Fed should not set limit on economy aid: KohnWASHINGTON (Reuters) - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said. […]
- BP restarts sale of Alaskan assets: reportLONDON (Reuters) - BP has revived the sale of its Alaskan assets after failing to offload them to U.S. oil and gas company Apache in July, the Financial Times reported on Monday. […]
- IMF's Lipsky says moderate world recovery underwayGWANGJU, South Korea (Reuters) - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday. […]
- Australia govt impasse endsSeptember 7 - Australia's agonising wait for a new government was set to end as independent MPs plan to announce their choice for support. […]
- Severe flooding in MexicoSept 6 - Thousands have been evacuated from their homes in the Mexican state of Veracruz after heavy rainfall was reported from Tropical Storm Hermine. Jon Decker reports. […]
- Obama unveils $50 billion job planSept 6 - In a move aimed at jump-starting the economy, President Obama announced a six-year plan to revamp America's aging roads, railways and runways. Jon Decker reports. […]
- Police blamed over Manila hostagesSept 6 - A three-day investigation into last month's hostage-taking crisis in Manila reveals serious organizational flaws. […]
- Eid gifts cheer Pakistan childrenSept 6 - Children of a village in northwest Pakistan see a glimmer of joy, as volunteers deliver Eid gifts in the form of shiny new clothes. […]
- Flood alert in southeast AustraliaSept 6 - Residents of several Victoria towns remain on high alert as flood waters continue to rise. […]
- Afghans protest Koran burningSept 6 - Protesters stage an anti-U.S. rally in Kabul after an American church says it will burn the Holy Koran on the September 11 anniversary. […]
- Thousands attend al-Aqsa prayersSept 6 - Tens of thousands of Muslim worshippers gather at Jerusalem's al-Aqsa mosque to celebrate 'Laylat al-Qadr' - one of the holiest nights of Ramadan. […]
- Quake cleanup in New ZealandSep 6 - The city of Christchurch is facing challenges days after being hit by a powerful earthquake. […]
- Police targeted in Pakistan blastSept 6 - Police and civilians are killed in a suspected suicide bomb attack on a police station in northwestern Pakistan- the third such attack in a week. […]
- What went wrong with Gardasil September 7, 2010There's a liquid drug that women can get injected into a layer of muscle -- three separate times over a six-month period -- that can protect them from a kind of cancer. From a scientific perspective, that's amazing. In terms of public health, it's a breakthrough. […]
- Mark Hurd lands at Oracle September 7, 2010Mark Hurd, who abruptly resigned last month as chief executive of Hewlett-Packard, has landed at another big tech company. […]
- World markets rally, Nikkei gains 2% September 6, 2010World markets rallied Monday, with Asian stocks logging their fourth straight session of gains. […]
- Wall Street faces an economy at a 'crossroads' September 6, 2010Stocks started September with a bang as investors cheered a rare dose of good economic news but investors may need to buckle in for the coming week: It's a holiday-shortened week with little on the docket to set the tone. […]
- 81% rate U.S. economy as 'poor' - CNN poll September 5, 2010A new national poll released Sunday indicates that eight in 10 Americans say that the economy is in poor shape, and the number that say conditions are very poor is on the upswing after steady declines through the spring. […]
- Obama's economy boost - just don't call it stimulus September 3, 2010President Obama is pledging to propose a new package of job-boosting ideas next week -- just don't call it stimulus. […]
- Dow back in the black for 2010 September 3, 2010Stocks closed near session highs Friday, with the Dow erasing its losses for the year, as investors welcomed a better-than-expected report on the U.S. job market. […]
- Where the jobs are now, and where they'll be next September 3, 2010U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report immediatel […]
- Dollar slips on return to risk September 3, 2010As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies. […]
- What went wrong at Burger King September 3, 2010It's not yet clear what Burger King's new owner, the Brazilian-backed private equity firm 3G Capital, has in mind for the troubled No. 2 fast-food chain. But a total strategic revamp is in order. […]
- Tyfone Closes Series B Investment from HDFC Holdings, Polaris Software Lab, and Ojas Venture Partners September 7, 2010Tyfone Inc., a provider of mobile banking, mobile contactless payment and secure mobility solutions, today announced the company has closed Series B financing of $5 million. The preferred stock financing includes new strategic investors HDFC Holdings Ltd., Polaris Software Lab and a strategic manufacturing partner, together with continued participation from […]
- Waddell & Reed Presenting at Bank of America Investment Conference September 7, 2010Waddell & Reed Financial, Inc. (NYSE: WDR) Chief Executive Officer, Henry J. Herrmann, will present at Bank of America’s Investment Conference on Monday, September 13, at approximately 9:30 a.m. PT. Investors can download our presentation, which has been posted on our Web site at www.waddell.com under “Presentations” on the corporate tab. A live Web cast […]
- ProPay Makes 2010 Inc. 5000 List of Fast-Growth Companies for the Second Straight Year September 7, 2010ProPay (www.propay.com), ETA’s 2010 ISO of the Year and the industry leader in End-to-End Payment Security, credit card processing, and electronic payment services, announced today that it ranked among the 2010 Inc. 5000 List of Fast-Growth companies for the second year in a row. ProPay enables businesses of all sizes to securely accept credit and debit card […]
- Research and Markets: Kazakhstan Commercial Banking Report Q3 2010 September 6, 2010Research and Markets (http://www.researchandmarkets.com/research/464fe5/kazakhstan_commerc) has announced the addition of the "Kazakhstan Commercial Banking Report Q3 2010" report to their offering. Kazakhstan Commercial Banking Report provides industry professionals and strategists, corporate analysts, banking associations, government departments […]
- Research and Markets: Argentina Commercial Banking Report Q3 2010 September 6, 2010Research and Markets (http://www.researchandmarkets.com/research/49c279/argentina_commerci) has announced the addition of the "Argentina Commercial Banking Report Q3 2010" report to their offering. Business Monitor International's Argentina Commercial Banking Report provides industry professionals and strategists, corporate analysts, banking a […]
- BlackRock Announces Investment Policy Changes for Certain Insured Municipal Closed-End Funds September 3, 2010BlackRock Advisors, LLC today announced that the Board of Directors/Trustees of each of 20 of its insured closed-end funds (the “Funds”) have approved changes to certain investment policies of the Funds. Historically, under normal market conditions, each Fund has been required to invest at least 80% of its assets in municipal bonds either (i) insured under a […]
- Indiana Business Bancorp Reports Second Quarter Results of Operations September 3, 2010Indiana Business Bancorp (OTCBB:IBBI), the holding company for Indiana Business Bank, announced results for the three months ended June 30, 2010. The Company recorded a net loss of ($484,678), or ($.32) per share, for the quarter. This compares to a profit of $37,907, or $.03 per share for the quarter ending June 30, 2009. The loss was primarily due to a pro […]
- Bank of America to Report Third-Quarter Financial Results on October 19 September 3, 2010Bank of America Corporation today announced it will present its third-quarter 2010 financial results on Tuesday, October 19. The results are scheduled to be released at 7:00 a.m. ET, followed by an investor presentation at 8:30 a.m. ET. The live webcast, accompanying presentation and other earnings-related information will be available through the Bank of Am […]
- Wachovia Preferred Funding Corp. Declares Dividend on Series A Preferred Securities September 3, 2010Wachovia Preferred Funding Corp. (NYSE:WNAPr) announced today that its board of directors has declared a regular quarterly dividend on its Series A 7.25% preferred securities. The dividend is equal to $0.453125 per Series A security. The dividend is payable on September 30, 2010, to holders of record as of the close of business on September 15, 2010. Wachovi […]
- CFSI Comments on U.S. Treasury Department's Launch of Tax Time Debit Card Program September 3, 2010The U.S. Treasury Department’s announcement of a 2011 pilot program to test the delivery of tax refunds via debit card accounts represents a critical milestone by the Obama Administration to ensure millions of underbanked consumers have access to well-designed transaction products. The pilot program, which was deeply informed by the Center for Financial Serv […]
- $9 Here, 20 Cents There and a Credit-Card Lawsuit August 22, 2010The Federal Trade Commission alleges in a civil case that scammers placed more than $10 million in small, bogus charges on consumers’ credit and debit cards. […]
- Credit and Debit Cards That Enforce Your Budget August 14, 2010MasterCard is about to introduce tools for credit and debit cards that let consumers block a highly customizable array of purchases. […]
- Debit Card Raises the Cash-Back Reward June 23, 2010Perk Street Financial says it can make money by offering customers 2 percent cash back on debit card purchases. […]
- Credit Card Database Is Heroic, and Mystifying May 25, 2010The Federal Reserve’s database contains about 1,000 card agreements from more than 300 issuers, in very technical language. […]
- How the Finance Bill Affects Consumers May 22, 2010The Senate’s version of the overhaul bill could result in more discounts to people who pay in cash. […]
- Default Rates Easing, Except on Credit Cards May 22, 2010In the three months through April, the default rate on credit card loans climbed to 9.14 percent, the highest in at least six years. […]
- Credit-Card Message Boards May 16, 2010Online hangouts for credit lovers abound. […]
- In New York, Some Judges Are Now Skeptical About Debt Collectors’ Claims May 8, 2010Some judges are fuming at debt collectors, scolding them over excessive interest rates and abusive practices. […]
- The New Money Rules for Recent Graduates May 8, 2010While you were in class, some laws and regulations were approved that may change your (financial) life. […]
- Cellphone Payments Offer Alternative to Cash April 29, 2010As companies develop ways to pay for goods and services using cellphones, the wallet is looking old-fashioned. […]
- A guy who works at Twitter has been quoted as saying that "At any moment, Justin Bieber uses 3% of our infrastructur... September 7, 2010A guy who works at Twitter has been quoted as saying that "At any moment, Justin Bieber uses 3% of our infrastructure. Racks of servers are dedicated to him." -- Dustin CurtisJoin the conversation about this story » […]
- Check out the trippy new Google logo >. Kinetic, of all things. September 7, 2010Check out the trippy new Google logo >. Kinetic, of all things.Join the conversation about this story » […]
- ex-HP CEO Mark Hurd To Oracle As "Co-President," Chuck Phillips Out September 7, 2010Oracle CEO Larry Ellison has put his money where his mouth was, hiring his tennis-buddy Mark Hurd as Oracle "co-president"--after blasting HP's board as making the stupidest corporate decision (ousting Hurd) since Apple's board canned Steve Jobs. Meanwhile, Chuck Phillips, Oracle's current "co-president" will leave the comp […]Henry Blodget
- Oracle Hires Mark Hurd As Co-President (ORCL) September 7, 2010It didn't take long for Mark Hurd to land on his feet. Just one month after being pushed out of HP for reasons still somewhat unclear, Oracle is hiring Hurd as co-president. (Oracle's other president is Safra Catz.) Oracle CEO and founder Larry Ellison is tennis partners with Hurd, and immediately stood up for Hurd after his ouster. Ellison's […]Jay Yarow
- 9 Super Cool iPad Modifications (AAPL) September 6, 2010The iPad as presented by Apple is essentially a blank slate, ready to be filled with games, books, websites, music, and movies. While most people focus on filling the screen with awesome applications, a few people have tried to tweak the outside of the iPad. We've scanned the web looking for our favorite work from creative people modifying the iPad. A c […]Jay Yarow
- Here's How Much Big Companies Spend Advertising On Google Search (GOOG) September 6, 2010The amount of money big companies spend on Google's keyword search ads has been a relatively closely guarded secret. But now thanks to Michael Learmonth at Ad Age, who obtained copies of internal Google documents, we know how much various companies spend. Here's the breakdown of the spending by brands for June, and other key stats from the story. K […]Jay Yarow
- Finally, People Are Calling For A REAL Housing-Market Fix: Letting Prices Fall September 6, 2010For the past few years (and, in reality, for decades before that), the government has tried to improve the nation's housing market by artificially inflating house prices. The mortgage-mod programs, the back-door bank bailouts, the Fed-subsidized mortgage rates, the $150 billion flushed down the Fannie and Freddie rat-hole--all these tactics and more hav […]Henry Blodget
- The Ping Problems: Is Apple To Blame, Or The Music Labels? (AAPL) September 5, 2010Unlike Apple CEO Steve Jobs, Facebook CEO Mark Zuckerberg has a public profile on Ping, the iTunes social network. Zuckerberg likely wanted to see what the new social network on the block had to offer. The second person to leave a comment on Zuckerberg's page told him all he needs to know: "nothing to worry about here... Ping kinda sucks." Tha […]Jay Yarow
- CHARTS OF THE WEEK: The Rise And Fall Of Apple's iPod (AAPL) September 5, 2010Click here to see this week's charts as a slideshow → Or select individually: Surprise! UberTwitter Is The Most Popular Twitter Client The Death Of AOL Instant Messenger The Rise And Fall Of Apple's iPod 1 In 5 YouTube Users Uploads A Video Each Month Watch Out Cable Companies! Live Streaming Popularity Up 600% For The Year Click here to see this w […]Jay Yarow
- Android Share Of Mobile Web Use Soaring, iPhone Falling September 5, 2010The latest mobile-web-browsing numbers from Quantcast show that Android continues to grab mobile share from the iPhone and RIM. Importantly, these numbers don't include the iPad, which may be helping Apple maintain more share than this chart suggests. These numbers also don't include app usage. But the trend is clear: It's a two horse race, an […]Henry Blodget