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The Fudge Factory - Barron's
13 Mar 2010 at 6:40am
ReutersThe Fudge FactoryBarron'sA hard look at how Lehman masked the horrors of its balance sheet. Words of wisdom from Seth Klarman. HOCUS-POCUS. THAT, IT EMERGES, SANK LEHMAN Brothers and damn near the entire financial system, ...Findings on Lehman Take Even Experts by SurpriseNew York TimesLehman Report Points Way to Plaintiffs, Not Prison, Lawyers SayBusinessWeekRepos Played a Key Role in Lehman's DemiseWall Street JournalThe Associated Press -MarketWatch -Reutersall 985 news articles »


Bernanke May Get Help Planning Exit With Fed Board Selections - BusinessWeek
12 Mar 2010 at 11:26pm
Washington PostBernanke May Get Help Planning Exit With Fed Board SelectionsBusinessWeekMarch 13 (Bloomberg) -- President Barack Obama's likely nomination of three Federal Reserve governors will help Chairman Ben S. Bernanke plan an exit from record monetary stimulus and strengthen banking supervision and consumer ...SF's Yellen may become Fed vice chairSan Francisco ChronicleObama's likely choices for Federal Reserve indicate a more activist roleWashington PostLikely Fed Picks Back Low RatesWall Street JournalLos Angeles Times -Houston Chronicle -Reutersall 748 news articles »


Google '99.9 Percent' Sure to Shut Down in China - BusinessWeek
13 Mar 2010 at 3:58am
BBC NewsGoogle '99.9 Percent' Sure to Shut Down in ChinaBusinessWeekBy Chia-Peck Wong March 13 (Bloomberg) -- Google Inc. has drawn up detailed plans to shut its search engine in China and is “99.9 percent” certain of going ahead with the closure, the Financial Times reported today, citing a person it didn't name. ...China Issues Another Warning to Google on Enforced Censorship of the InternetNew York TimesChina holds firm against Google, says firm must obey its lawsWashington PostFT: Google, China at ImpasseCBS NewsWall Street Journal -Reuters -MarketWatchall 1,085 news articles »


Euro finmins to agree on Greek aid, no sums -source - Reuters
13 Mar 2010 at 7:33am
BBCSerbian.comEuro finmins to agree on Greek aid, no sums -sourceReutersBRUSSELS, March 13 (Reuters) - Euro zone finance ministers are likely to agree on Monday on the principles and parameters of financial help to Greece, if it is required, but leave out any sums until Athens asks for them, ...Euro rises against dollarBusinessWeekMirror, Mirror, on the MallBarron'sGreece debt: EU agrees bailout dealThe GuardianBloomberg -Wall Street Journal -AFPall 377 news articles »


Sleep Tips For Daylight Saving Time on Sunday - KidGlue
13 Mar 2010 at 7:05am
CBS NewsSleep Tips For Daylight Saving Time on SundayKidGlueDaylight Saving Time (not savings, a pet peeve of mine) hits this Sunday, March 14th at 2:00 am. For some, it's no big deal, but for those who are on strict schedules, an hour can make all the difference- and not in ...Daylight Savings Time returns...with a vengeanceC-Ville WeeklyDaylight time has its fans, foesCharlotteObserver.comNebraska moves to daylight-saving timeKCAUThe Associated Press -CBS News -CNM News Networkall 579 news articles »


Shoppers Buck Snowstorm to Push Retail Sales Higher - Wall Street Journal
12 Mar 2010 at 4:57pm
BBC NewsShoppers Buck Snowstorm to Push Retail Sales HigherWall Street JournalUS retail sales posted a surprising gain in February despite falling car demand amid trouble at auto maker Toyota MotorCorp. and fierce blizzards that crippled the East Coast for days. Retail sales rose last month by 0.3% ...Retail sales up slightly in February, despite nationwide snowstormsWashington PostJobs Behind The Wheel For RetailForbesRetail sales show surprising gain in FebruaryThe Associated PressBizjournals.com -Philadelphia Inquirer -Motley Fool (blog)all 859 news articles »


Permanently modified mortgages grow by 45%, government says - Los Angeles Times
13 Mar 2010 at 5:12am
ABC NewsPermanently modified mortgages grow by 45%, government saysLos Angeles TimesIn February, the number of homeowners with permanently reduced monthly payments grew to 168708, the Obama administration reports, as 91483 more trial modifications are approved. By Jim Puzzanghera The Obama administration Friday said its mortgage ...Borrowers in foreclosure prevention plan losing mortgage aidWashington PostMortgage help: 170000 get permanent aidCNNMoney.comLoan Modification Program Starts to Get Some TractionNew York TimesBusinessWeek -Reuters -Bizjournals.comall 352 news articles »


Agrium, rivals seen focusing on smaller deals - Reuters
12 Mar 2010 at 5:57pm
Financial PostAgrium, rivals seen focusing on smaller dealsReutersMichael Wilson, president and chief executive officer of Agrium, addresses staff and shareholders at the company's annual general meeting in Calgary in this May 7, 2008 file photo. TORONTO (Reuters) - A protracted takeover battle in the global ...Terra's Bid From CF Doubled After Rebuffs, Talks With RivalsBusinessWeekYara Cedes Terra to CF IndustriesWall Street JournalCF to buy Terra for $4.7bn amid flurry of deal activityFinancial TimesTheStreet.com -Forbes -BusinessWeekall 1,016 news articles »


Democrats try to find the right compromises for financial reform - Washington...
12 Mar 2010 at 10:27pm
Wall Street JournalDemocrats try to find the right compromises for financial reformWashington PostDemocratic staffers at both ends of Pennsylvania Avenue scrambled Friday to write the financial reform legislation that Sen. Christopher J. Dodd (D-Conn.) has promised to unveil Monday, trying to find language that would please ...Senate Republicans Urge Dodd to Delay Panel Vote on Financial OverhaulWall Street JournalThe Status of Financial ReformAtlantic OnlineWhy the Democrats Need to Hang Tough on Financial ReformTIMEBusinessWeek -CNN -Los Angeles Timesall 639 news articles »


County DA files deceptive practices suit against Toyota - USA Today
13 Mar 2010 at 4:43am
BBC NewsCounty DA files deceptive practices suit against ToyotaUSA TodayThe district attorney of a large conservative county in California has filed a lawsuit against Toyota alleging that the automaker knowingly sold thousands of cars knowing they had the potential for unwanted acceleration. The lawsuit from Orange County ...Orange County Sues ToyotaWall Street JournalCalifornia Sues Toyota, Claims Carmaker Hid FlawsFOXBusinessToyota Sued by Orange County Prosecutor Over DefectsBusinessWeekThe Detroit News -Austin American-Statesman -KING5.comall 470 news articles »


China to bid on US high-speed rail projects (AP)
13 Mar 2010 at 6:39am
FILE - In this Wednesday, March 3, 2010 file photo, a worker checks a CRH high-speed train at a maintenance base in Wuhan, in central China's Hubei province. China plans to bid for contracts to build U.S. high-speed train lines and is stepping up exports of rail technology to Europe and Latin America, Deputy Railways Minister Wang Zhiguo said Saturday, March 13, 2010. China has built 6,500 kilometers (4,000 miles) of high-speed rail for its own train system and President Barack Obama issued a pledge in November with his Chinese counterpart Hu Jintao to cooperate in developing the technology. (AP Photo/File) ** CHINA OUT **AP - China plans to bid for contracts to build U.S. high-speed train lines and is stepping up exports of rail technology to Europe and Latin America, a government official said Saturday.

Senators resist Obama over projects in health bill (AP)
13 Mar 2010 at 6:22am
Senate Majority Leader Harry Reid of Nev., left, along with Gina Owens from Seattle, Wash.,left,  whose daughter, Tiffany Owens died after losing her job and health care,  Senate Majority Whip Richard Durbin of Ill. center, and others, arrive for a health care news conference on Capitol Hill in Washington, Thursday, March 11, 2010. (AP Photo/Harry Hamburg)AP - President Barack Obama says he wants projects helping specific states yanked from the health care bill Congress is writing. Democratic senators, being senators, beg to differ.

GOP warns again against passing health bill (AP)
13 Mar 2010 at 7:40am
Sen. Scott Brown, R-Mass. talks to reporters on Capitol Hill in Washington, Tuesday, March 9, 2010, before attending the weekly caucus luncheons. (AP Photo/Harry Hamburg)AP - Newly arrived Republican Sen. Scott Brown of Massachusetts accused President Barack Obama and Democrats on Saturday of a "bitter, destructive and endless" drive to pass health overhaul legislation that Brown warned would be disastrous.

China gov't advisers urge steady economy (AP)
13 Mar 2010 at 4:37am
Delegates queue up to leave the main hall at the Great Hall of the People after the closing session of the Chinese People's Political Consultative Conference, China's top political advisory body, in Beijing, China, Saturday, March 13, 2010. (AP Photo/Alexander F. Yuan)AP - China's top parliamentary adviser said Saturday that keeping the economy stable and steady must remain the government's biggest priority this year.

GOP's Ryan Dissects ObamaCare, Lays Out 'Roadmap' To Health (Investor's ...
12 Mar 2010 at 6:12pm
Investor's Business Daily - Rep. Paul Ryan, R-Wis., took the national stage last month as he cut down Democratic health care plans point by point. If the GOP should win back the House In November, Ryan will become chairman of the House Budget Committee. And he has lots of ideas. He recently updated his "Roadmap for America's Future" to address many issues, including the budget deficit, entitlement programs, the tax system and health care.

Yellen at Fed would likely favor low-rate policy (AP)
12 Mar 2010 at 4:17pm
FILE - In this April 16, 2008 file photo, Janet Yellen, the president of the Federal Reserve Bank of San Francisco speaks in Alameda, Calif. President Barack Obama intends to nominate Yellen to take over as vice chair of the Federal Reserve, a person familiar with the selection said Friday, March 12, 2010.  (AP Photo/Paul Sakuma, File)AP - President Barack Obama's likely choice of Janet Yellen to become vice chairman of the Federal Reserve would favor a policy that stresses low interest rates to ease unemployment over higher rates to curb inflation.

KKR files for long-awaited NYSE listing (Reuters)
12 Mar 2010 at 10:01am
Reuters - Private equity firm Kohlberg Kravis Roberts & Co has filed to list $2.2 billion in shares on the New York Stock Exchange, moving forward in its long effort to become a publicly traded U.S. company.

Nucor CEO's pay package falls 43 percent (AP)
12 Mar 2010 at 3:31pm
AP - An Associated Press calculation finds that steel maker Nucor Corp. paid its CEO fell 43 percent last year as it eliminated cash bonuses for executives to help it weather the recession.

Nortel Networks posts profit in 4Q (AP)
12 Mar 2010 at 7:08pm
AP - Bankrupt telecom equipment maker Nortel Networks Corp. said Friday it posted a profit in the fourth quarter, thanks to a large gain related to an asset sale.

German finance ministry unaware of Greek bailout deal (Reuters)
13 Mar 2010 at 1:38am
Reuters - The German Finance Ministry said on Saturday it was not aware of any agreement by euro zone members to provide a multi-billion euro bailout package for heavily indebted Greece.

Middle-class NYC apartment complex sold at auction (AP)
12 Mar 2010 at 5:43pm
AP - The developer of a high profile middle-class Harlem apartment complex has lost ownership of the property after defaulting on the mortgage.

UBS may return to commodities in 2010: report (Reuters)
13 Mar 2010 at 7:11am
The logo of Swiss bank UBS can be seen outside its New York office August 12, 2009. REUTERS/Lucas JacksonReuters - UBS is considering possibly returning to its commodities business this year, some of which it sold during the financial crisis, a Swiss newspaper said on Saturday, citing the co-head of UBS's investment bank.

Business Highlights (AP)
12 Mar 2010 at 4:54pm
AP - Retail sales show surprising gain in February

Runaway Prius case presents nagging questions (AP)
13 Mar 2010 at 4:43am
FILE - In this Tuesday, March 9, 2010 file photo, driver James Sikes talks about his experiences in his Toyota Prius during a news conference held at Toyota of El Cajon in El Cajon, Calif. A law firm for the driver who says his Toyota Prius sped out of control in California doesn't plan to sue the Japanese automaker. (AP Photo/Denis Poroy, File)AP - Investigators are confronted with a series of nagging questions as they try to unravel the case of a California real estate agent who said his Toyota Prius turned into a runaway death trap after the gas pedal became stuck.

Oil-Dri board approves additional share buy-backs (AP)
12 Mar 2010 at 4:45pm
AP - Cat litter maker Oil-Dri Corp. of America said Friday its board approved the repurchase of 250,000 more shares and declared a quarterly dividend on common and Class B shares.

FCC Chairman Genachowski's 10-Year Internet Upgrade Plan May Finally...
13 Mar 2010 at 3:34am

Finally, someone in the government is suggesting steering some tax dollars where they should have been steered all along: Toward building a national digital infrastructure that will make America less of an embarrassment relative to the rest of the developed world.



U.S. Retail Sales Rose in February
12 Mar 2010 at 11:25pm

February was hardly an ideal month for retailers: snowstorms blanketed many parts of the country, and car dealerships faced an uproar over safety concerns.



Apple loses i-rritating Australian trademark spat
12 Mar 2010 at 7:03pm
Apple is very protective, some would say overly so, about anything it thinks infringes on its trademarks. For example, it filed opposition against a proposed New York City trademark for its GreeNYC program. The logo (left) contains an apple (nothing like the Cupertino firm's though). This time, in Australia, Apple lost.

Networking For Job Search - Organize your contacts for increased search effec...
12 Mar 2010 at 6:27pm

Candidates - How much time do you spend networking, either in person or online? Are you getting the returns you'd like for your efforts? One way that job seekers can network more effectively is through organization to increase the ROI of your networking investment. Even the most organized networkers can add a step or two to give their efforts additional effectiveness. Here are steps that some of the best recruiters use to increase networking ROI. Source: http://reCareered.blogspot.com



Photographer Andreas Gurksy's Ocean Series Was Shot From Space
12 Mar 2010 at 4:06pm

Photographer Andreas Gursky is known for capturing massive, impossibly-large subjects, but for his latest project, not even the widest-angled lens on the planet would do. n a new show that opened last week at the Gagosian Gallery in Beverly Hills, Gurksy worked for the first time with satellite imagery as his raw materials for the series named Ocean. Utah Wedding Photography



More iBook, iPad details emerge on first day of pre-orders
12 Mar 2010 at 3:20pm
We already knew the iPad will ship without the iBooks app, which will be downloadable (free) from the App Store, but on Friday, on the first day consumers could pre-order an iPad, Apple rolled out an iBooks page with more details on the upcoming e-books, as well as on the device.

Sign up and manage your 3G service direct from your iPad
12 Mar 2010 at 1:23pm
The iPad comes in two versions, one wi-fi only, and the second including 3G connectivity via AT&T in the U.S., as well. With the launch of pre-ordering of the device, Apple has detailed more information about the 3G service.

iPad pre-orders begin; should you be an early adopter?
12 Mar 2010 at 1:22pm
Apple is limiting pre-orders to two per customer. Shipping is free, and as the device will arrive on April 3rd in stores, those who have Saturday delivery in their area will receive it that day. There is also an option for in-store pickup. Those who opt for pickup can do so between 9 AM and 3 PM that day.

Investors Use Green to Make More Green
12 Mar 2010 at 9:31am

Everyone knows it takes green to go green. Now it seems some investors are discovering that taking an environmentally aware approach to property investing could make them some green in the not-too long run.



GM's Lutz: 'I Achieved What I Set Out to Do'
12 Mar 2010 at 7:14am

General Motors Co. will keep making big trucks and SUVs because U.S. buyers demand them, but a major portion of them will be gas-electric hybrids in the near future.



HSBC says data on Swiss bank accounts of 15,000 customers stolen, exposing th...
12 Mar 2010 at 3:02am

Information on 15,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday, potentially exposing foreign clients to prosecution by tax authorities in their home countries.



Ron Paul Says Giving Fed More Power `Makes No Sense': Video
11 Mar 2010 at 10:37pm

March 11 -- U.S. Representative Ron Paul, a Texas Republican, talks with Bloomberg's Lori Rothman about the outlook for financial regulation and the Federal Reserve's authority.



iPhone to finally get multi-tasking in OS 4.0: Rumor
11 Mar 2010 at 6:18pm
Now that we have cut, copy and paste in the iPhone OS, the current most desired missing feature (at least among developers) is background processing (multi-tasking). While Apple has said push notifications was fine instead of multi-tasking, in reality there are so many things that can only be done with multi-tasking.

RFM Secures Multi-Year Agreement with Medical Equipment Manufacturer
11 Mar 2010 at 4:49pm

RF Monolithics, Inc ., a major player in machine-to-machine wireless communications, released news that it had secured a multi-year agreement with a major medical equipment manufacturer for its ultra-low power short-range radio, the Virtual Wire transceiver.



Feds pledge tough review of Comcast-NBC deal
11 Mar 2010 at 3:34pm

Federal regulators are pledging a rigorous review of the proposed combination of Comcast Corp.



Consumer Spending Perks Up Economy
12 Mar 2010 at 7:32pm
Retail sales increased a seasonally adjusted 0.3% in February from a month earlier. Sales excluding the volatile autos sales increased 0.8%. Compared with a year ago, sales rose 4%.

Likely Fed Picks Back Low Rates
12 Mar 2010 at 7:35pm
Janet Yellen and two other likely nominees are expected to be a key counterweight to the Fed's most 'hawkish' policy makers.

Schwab Issues Profit Warning
12 Mar 2010 at 8:17pm
Charles Schwab warned first-quarter earnings will fall short of fourth-quarter levels as the brokerage said February trading fell 14%.

Bottlenecks Threaten U.S. Export Boom
12 Mar 2010 at 12:35am
U.S. exporters are reporting serious delays as ship companies whose profits are under pressure idle vessels and reduce the frequency of service between the U.S. and Asia.

Fed Gets Credit for Rescue
11 Mar 2010 at 6:35pm
Economists say stimulus helped but cite U.S. central bank's key role in jump-starting growth.

Americans Pare Debt
12 Mar 2010 at 1:15pm
U.S. household debt fell 1.7% last year, its first annual drop since records began in 1945, amid defaults that could clear the ground for a stronger recovery.

States Crack Down on Tax Scofflaws
12 Mar 2010 at 11:13am
Financially strapped states are getting more aggressive with tax scofflaws, hoping that stepped-up enforcement and the posting of the names of delinquents online will push more people to pay up.

Mixed News on U.S. Jobs, Trade
11 Mar 2010 at 6:29pm
Only slightly fewer U.S. workers filed first-time claims for jobless benefits last week, a sign that the job market's revival remains tenuous, while a separate report showed the U.S. trade gap narrowed in January as exports and imports fell.

China Data Show Moderating Stimulus
11 Mar 2010 at 8:33pm
The rapid growth in China's bank lending and investment spending slowed in February, official data show, a sign that the government's gradual withdrawal of stimulus policies is starting to have an effect.

Taiwan Approves China Investment
12 Mar 2010 at 12:02pm
Taiwan said it plans to allow Chinese financial firms to invest in their Taiwanese counterparts and to open branches on the island, expanding the détente between the two longtime rivals.

Japan Pushes for Weaker Yen
12 Mar 2010 at 6:12pm
Japanese Prime Minister Yukio Hatoyama said Friday the yen's strength is out of step with the country's fragile economic recovery, urging the government to take "firm steps" to counter the growth-limiting effects of a strong currency.

Credit Market Springs to Life
11 Mar 2010 at 12:37pm
Companies around the globe are aggressively borrowing in the debt markets once again -- a sign of renewed confidence in the world economy.

Foreclosure-Filings Pace Slows
11 Mar 2010 at 9:07am
U.S. foreclosure filings rose 6% in February from a year earlier, the smallest increase in four years.

U.K.'s Home Retail Boosts Outlook
11 Mar 2010 at 7:03am
The parent of retail chains Argos and Homebase raised its profit guidance for this year, despite declining like-for-like fourth-quarter sales.

Gloom at Small Firms Clouds Outlook
11 Mar 2010 at 6:01am
Small firms are lagging far behind big companies in the early stages of the economic recovery, a dichotomy that is likely to slow the upturn.

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