post a comment » Mar 10, 2009
Top Republicans say banks should be allowed to fail - International Herald Tribune. Top Republicans say banks should be allowed to fail. (International Herald Tribune)
Madoff investors find accounts offer no protection Mar 10, 2009
The Associated Press Published: March 10, 2009. Tucked among the hedge funds and the famous names on Bernard Madoff's client roster is an unlikely group of about 800 people strangers to one another, yet all listed at the same anonymous Denver address. (International Herald Tribune)
Malaysia unveils $16.2 billion economic stimulus plan Mar 10, 2009
Malaysia unveils $16. 2 billion economic stimulus plan - International Herald Tribune. (International Herald Tribune -- Arts)
Security firm G4S full-year profit up 2.7 pct Mar 10, 2009
Security firm G4S full-year profit up 2. 7 pct - International Herald Tribune. (International Herald Tribune -- Arts)
Ennstone goes into administration Mar 10, 2009
Reuters Published: March 10, 2009. (Reuters) - Ennstone Plc went into administration as the building materials firm failed to achieve a solvent restructuring and said that it had sold its principal UK and Polish units, and delisted its shares from the London Stock Exchange. (International Herald Tribune -- Arts)
Jan industrial output falls at fastest since 1981 Mar 10, 2009
Reuters Published: March 10, 2009. Industrial output fell more than twice as fast as expected in January and shrank at its fastest annual pace since January 1981, official data showed on Tuesday. (International Herald Tribune -- Arts)
EADS beats full year profit target Mar 10, 2009
The Associated Press Published: March 10, 2009. The parent company of planemaker Airbus on Tuesday reported an 89 percent gain in fourth-quarter net profit but warned of a "very challenging" year ahead. (International Herald Tribune -- Arts)
Audi 2008 sales, profits up Mar 10, 2009
The Associated Press Published: March 10, 2009. Sales and operating profit rose for Audi AG in 2008, but the German automaker warned Tuesday that demand is dropping. (International Herald Tribune -- Arts)
Asian stocks advance but economic worries linger Mar 10, 2009
Hong Kong stocks led the region's advance as reeling banking giant HSBC rebounded after the government said it was probing a massive drop in the company's shares the day before ... 9 percent recovery in HSBC after its 24 percent tumble on Monday. (International Herald Tribune -- Arts)
E.ON says profit outlook less certain than ever Mar 10, 2009
Reuters Published: March 10, 2009. Germany's E.ON , the world's second-largest utility, said its predictions for the company's 2009 earnings are less certain than in previous years due to the global economic crisis. (International Herald Tribune -- Arts)
Putting a bull's-eye on a U.S. tax loophole Mar 10, 2009
Putting a bull's-eye on a U.S. tax loophole - International Herald Tribune. Putting a bull's-eye on a U.S. tax loophole. (International Herald Tribune -- Business)
Down economic times elicit upbeat campaigns Mar 10, 2009
One ad shows a man flying to work with jets on his back powered by two packages of Old Fashioned Quaker Oats. Published: March 10, 2009. (International Herald Tribune -- Technology)
U.S. hedge fund takes HSBC short Mar 10, 2009
U.S. hedge fund Harbinger Capital is the first company to declare a short position in HSBC following the bank's record rights issue, after making millions from a similar tactic with UK bank HBOS last year ... 26 percent short position in HSBC's London shares, worth about 110 million pounds. (International Herald Tribune -- Technology)
E.On 2008 profit up 9 pct, but outlook 'uncertain' Mar 10, 2009
E.On 2008 profit up 9 pct, but outlook 'uncertain. The Associated Press Published: March 10, 2009. (International Herald Tribune -- Health)
SKorea remains against redo of US free trade deal Mar 10, 2009
The Associated Press Published: March 10, 2009. South Korea said Tuesday it remains opposed to renegotiating a free trade agreement with the United States after hawkish comments on the landmark deal by the man nominated to be President Barack Obama's top trade official. (International Herald Tribune -- Health)
HSBC rebounds 14 percent Mar 10, 2009
HSBC shares rallied 14 percent in Hong Kong on Tuesday, making a technical recovery after plunging 24 percent a day earlier, and appeared poised for more volatility ahead of the bank's $17 ... HSBC ended Tuesday up HK$4 ... 26 percent short position in HSBC's London shares, according to a regulatory filing on Monday. (International Herald Tribune -- Health)
Germany at odds with U.S. over crisis Mar 10, 2009
German Chancellor Angela Merkel at a visit to the Lise Meitner school on Monday. (Hannibal Hanschke/Reuters). (International Herald Tribune)
To halt slide, apply debt or control? Mar 10, 2009
To halt slide, apply debt or control. - International Herald Tribune. (International Herald Tribune)
EADS 2008 profit beats expectations Mar 10, 2009
Reuters Published: March 10, 2009. European aerospace group EADS reported a sharp rise in 2008 operating profit on Tuesday, beating expectations as its Airbus unit climbed out of the red, but it forecast a drop in profit in a "challenging" 2009. (International Herald Tribune)
Merck agrees to acquire Schering-Plough for $41 billion Mar 10, 2009
The New York Stock Exchange reacts to Merck's purchase of its rival Schering-Plough on Monday. (Henny Ray Abrams/The Associated Press). (International Herald Tribune)
FTSE seen opening lower Mar 10, 2009
HSBC clawed back 14 percent in Hong Kong trade on Tuesday after its biggest slide in at least three decades a day earlier, but gains were limited by caution on the lender's outlook and its massive upcoming cash call. BP. (International Herald Tribune)
G4S profits rise 23 percent Mar 10, 2009
Reuters Published: March 10, 2009. Security giant G4S posted 2008 profits slightly ahead of expectations on Tuesday, hiked its dividend 30 percent and said it expected a strong performance in 2009. (International Herald Tribune)
HK regulators launch inquiry into sudden HSBC drop Mar 10, 2009
Hong Kong's securities regulators have launched an inquiry into the sudden drop in HSBC shares on Monday that sent the stock price of the struggling British bank to its lowest finish in nearly 14 years, officials said Tuesday ... The stock tumbled sharply Monday in late trading and in after-hours trading on jitters over HSBC's plan to sell new shares ... The Securities and Futures Commission said it is looking into the transactions of HSBC shares during Monday's 10-minute post-trading auction. (International Herald Tribune)
EADS, buoyed by Airbus, puts 2008 profit at $2 billion Mar 10, 2009
Published: March 10, 2009. EADS, the European aerospace group, reported Tuesday an adjusted net profit for 2008 of nearly $2 billion after a record year for aircraft sales by Airbus, which accounts for some 80 percent of the group's revenues. (International Herald Tribune)
European drug makers may sit out latest round of consolidation Mar 10, 2009
Reuters Published: March 9, 2009. European drug makers may sit out this dance. (International Herald Tribune -- Business)
Tech shares lead Wall Street lower Mar 10, 2009
Published: March 9, 2009. Losses in technology and telecommunications companies pulled Wall Street lower on Monday, as markets reopened after a week of grinding losses on path to post new bear-market lows. (International Herald Tribune -- Business)
A clearing in the fog of complicated airfare booking Mar 10, 2009
Published: March 10, 2009. BRUCE HEDLUND, who flies wide-body 767s on transcontinental routes as a captain on a major carrier, is one of those affable pilots who enjoys standing by the cockpit door and saying hello to arriving passengers. (International Herald Tribune -- Business)
The long trip home Mar 10, 2009
The DiLoretos - Larry and Sally and their children, from left, Sydney, Chanel and William - returned to Massachusetts after spending more than four years in Australia. (Jodi Hilton for The New York Times). (International Herald Tribune -- Business)
Japanese trading firms avoid mining bargains because of debt fears Mar 10, 2009
Reuters Published: March 10, 2009. Big Japanese trading houses like Mitsubishi and Mitsui could lose out to state-backed Chinese rivals in a fire sale of distressed mining assets because they do not want to take on more debt and hope there will be even better bargains coming up. (International Herald Tribune -- Business)
HSBC stock rebounds in Hong Kong Mar 10, 2009
HSBC clawed back 14 percent in Hong Kong trade on Tuesday after it suffered its biggest slide in at least three decades a day earlier, but gains were limited by caution over the lender's outlook and its massive cash call. Market watchers, taken by surprise as the stock nearly doubled its daily loss in the final seconds of the 10-minute closing auction on Monday, said HSBC was unlikely to fall below its rights issue price of 28 Hong Kong dollars before Thursday, when the right to purchase... (International Herald Tribune -- Business)
Gilts rise on continued expectation of Bank demand Mar 10, 2009
Reuters Published: March 10, 2009. Gilt futures rose early on Tuesday on continued demand in anticipation of the Bank of England's quantitative easing programme which will buy 75 billion pounds of assets, mostly gilts, over the next 3 months. (International Herald Tribune -- Business)
John Menzies posts lower full-year profit Mar 10, 2009
Reuters Published: March 10, 2009. (Reuters) - Newspaper distribution and aviation services firm John Menzies posted a lower full-year profit due to a fall in passenger flights and cargo volume, scrapped its final dividend and forecast a further decline in its core markets in 2009. (International Herald Tribune -- Business)
GM wins concessions from Canadian union Mar 10, 2009
Published: March 9, 2009. The Canadian Auto Workers union has agreed to a series of contract concessions with General Motors of Canada in a deal that avoided reductions to base salaries or pension benefits. (International Herald Tribune -- Business)
US dollar down in Europe Mar 10, 2009
The Associated Press Published: March 10, 2009. The U.S. dollar was lower against other major currencies in European trading Tuesday morning. (International Herald Tribune -- Sports)
WTO to look into US rules on 'dolphin-safe' tuna Mar 10, 2009
The Associated Press Published: March 10, 2009. The World Trade Organization will consider a complaint by Mexico next week alleging that U.S. rules on "dolphin-safe" tuna are illegal, according to an agenda released Tuesday. (International Herald Tribune -- Sports)
Stock futures point higher ahead of open Mar 10, 2009
The Associated Press Published: March 10, 2009. Wall Street appeared headed for a rebound Tuesday, with stock futures pointing higher after weeks of unrelenting selling. (International Herald Tribune -- Sports)
Northern Rock aid has no impact on market Mar 10, 2009
Reuters Published: March 10, 2009. Government support for the nationalised Northern Rock bank has not significantly affected competition in the banking sector, the Office of Fair Trading (OFT) said on Tuesday. (International Herald Tribune -- Sports)
Sandstorm halts Kuwait's oil exports Mar 10, 2009
The Associated Press Published: March 10, 2009. A Kuwaiti oil official said Tuesday that oil exports were suspended for less than two hours because of sandstorm. (International Herald Tribune -- Sports)
German central bank's 2008 profit up 46 percent Mar 10, 2009
The Associated Press Published: March 10, 2009. The Bundesbank, Germany's central bank, said Tuesday it booked a 46 percent increase in net profit for 2008, but warned that the country's economy faces significant risks as global demand for its exports weakens. (International Herald Tribune -- Travel)
World Bank expects global economy to shrink Mar 10, 2009
Robert Zoellick, the World Bank president, proposed a new aid fund. (Kieran Doherty/Reuters). (International Herald Tribune -- Money Report)
Appeal of U.S. debt adds to pain of ailing nations Mar 10, 2009
American investors are bringing their dollars home, and China continues to buy staggering quantities of American debt. (Mark Blinch / Reuters). (International Herald Tribune -- Money Report)
Dow Chemical and Rohm & Haas reach deal to complete merger Mar 10, 2009
Published: March 9, 2009. Dow Chemical and Rohm & Haas have reached a tentative deal to complete their disputed $15 billion merger, according to people briefed on the situation. (International Herald Tribune -- Money Report)
INSIDE EUROPE: Peg or float? No easy answers for Eastern Europe Mar 10, 2009
No easy answers for Eastern Europe - International Herald Tribune. No easy answers for Eastern Europe. (International Herald Tribune -- Business)
Nikkei closes at lowest level since 1982 Mar 10, 2009
International Herald Tribune, Reuters Published: March 9, 2009. The Nikkei stock index in Tokyo lost 1. (International Herald Tribune -- Business)
Court-appointed receivers increasingly in demand as financial fraud cases rise Mar 10, 2009
A court-appointed receiver shut the offices of Arthur Nadel, accused of bilking clients. (Steve Nesius/Reuters). (International Herald Tribune -- Business)
They tried to outsmart Wall Street Mar 10, 2009
After spending 20 years in the study of physics, Emanuel Derman applied his thinking to stock options. (Nicole Bengiveno/The New York Times). (International Herald Tribune -- Business)
Buffett sees 'close to worst-case' outlook for U.S. economy Mar 10, 2009
Buffett sees 'close to worst-case' outlook for U.S. economy - International Herald Tribune. Buffett sees 'close to worst-case' outlook for U.S. economy. (International Herald Tribune -- Business)
Global economy to contract in "Great Recession" Mar 10, 2009
Reuters Published: March 10, 2009. The world economy is likely to shrink to "below zero" this year, in what many are now referring to as the "Great Recession," the head of the International Monetary Fund said on Tuesday. (International Herald Tribune -- Business)
Another war for Obama - taking on the defense contracting system Mar 10, 2009
Published: March 9, 2009. In pledging last week that the "days of giving defense contractors a blank check are over," President Barack Obama was taking on the giant weapons contracting system that he says has "gone amok.". (International Herald Tribune -- Business)
Japan vows to keep falling stocks from causing credit crunch Mar 10, 2009
Reuters Published: March 10, 2009. Japan will act decisively to prevent falling stock prices from causing a credit crunch, the finance minister said on Tuesday as the Nikkei 225 average slipped nearer to a 26-year low on worries over global economic weakness. (International Herald Tribune -- Business)
Firms join chase for 51% stake in Satyam Mar 10, 2009
Reuters, Bloomberg News Published: March 10, 2009. Satyam Computer Services began a bidding process Monday to sell a 51 percent stake in itself, and two potential buyers quickly confirmed that they would join the race for the scandal-tainted outsourcer. (International Herald Tribune -- Business)
Geithner faces economic tsunami without a fully staffed department Mar 10, 2009
U.S. struggles to fill Treasury jobs - International Herald Tribune. Treasury Secretary Timothy Geithner has had to make do with a skeleton crew in efforts to heal the economy. (International Herald Tribune -- Business)
Drug investors lose patience Mar 10, 2009
Published: March 10, 2009. As merger mania plays out among the pharmaceutical giants, a different sort of financial frenzy has seized some small, struggling drug makers. (International Herald Tribune -- Business)
Asian stocks rebound on banking shares Mar 10, 2009
Asian shares rebounded on Tuesday from a three-session losing streak, led by banks, including HSBC, whose stock has taken a pounding on concerns about capital raising and the dire state of the world's financial system. However, the Nikkei 225 average in Japan dipped lower to trade close to a 26-year intraday low, led by worries about the global competitiveness of the country's pharmaceutical sector following a $41 billion merger of two drug giants in the United States. (International Herald Tribune -- Business)
Citi chief Pandit defends group strength Mar 10, 2009
Reuters Published: March 10, 2009. Citigroup Chief Executive Vikram Pandit said the bank had been profitable in the first two months of the year, according to an internal memo the New York Times said it had obtained. (International Herald Tribune -- Business)
Ford workers approve UAW contract changes Mar 10, 2009
The Associated Press Published: March 9, 2009. Unionized workers at Ford Motor Co. have approved contract changes that include freezing wages and cutting benefits in a move to aimed at helping the automaker remain competitive. (International Herald Tribune -- Business)
EU backs more IMF funding and tighter regulation Mar 10, 2009
Published: March 9, 2009. European finance ministers intend to push for a doubling of resources for the International Monetary fund to $500 billion, and to back the use of sweeping new sanctions against tax havens, according to a draft document. (International Herald Tribune -- Business)
Exxon says Iraq must 'create conditions' to attract foreign investment Mar 10, 2009
Exxon says Iraq must 'create conditions' to attract foreign investment - International Herald Tribune. Exxon says Iraq must 'create conditions' to attract foreign investment. (International Herald Tribune -- Business)
Chinese consumer prices fall for first time since 2002 Mar 10, 2009
Reuters Published: March 10, 2009. Chinese consumer prices fell last month for the first time in more than six years as ministers painted a gloomy picture of the economy's near-term prospects. (International Herald Tribune -- Business)
Nyjer Morgan Mar 6, 2009
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Joy McCorvey and Chelsea Cole Mar 3, 2009
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Iowa National Guard: "Mission focused, warrior ready"-Johnson Mar 2, 2009
Here is what one business leader wrote regarding House Study Bill 149: if passed this bill "would make Iowa the first state to pass such legislation since Minnesota did it in 1973. Since then, nine states have repealed their respective prevailing wage laws . . . HSB 149 would increase the costs of construction projects, which would translate into increased property taxes. Moving forth with a prevailing wage will increase the burden for Iowa property taxpayers, putting additional burdens on... (Ocheyedan Press Melvin News, IA)
Prevailing wage dominates briefing Feb 24, 2009
According to HSB 149, the proposed prevailing wage bill would affect state projects with a price tag of $100,000 or more and school district projects of $300,000 or more. Counties with a population of more than 40,000 and cities with a population of more than 20,000 would also be required to adhere to the prevailing wage bill. (Washington Journal, IA)
Oppose 'prevailing wage' bill Feb 19, 2009
HSB 149 would erode Iowa's Right to Work status by establishing "prevailing wage" on projects. You, the public, must understand that this is an attempt to help 12 percent of the construction workforce (the union shops) bid competitively. (Sioux City Journal, IO)
Marek opposes prevailing wage Feb 17, 2009
Washington County Supervisor Wesley Rich of Kalona organized a meeting between Representative Larry Marek, area contractors, and county residents, Saturday morning in Kalona, to discuss House Study Bill (HSB) 149 ... According to the Iowa General Assembly's Web site, HSB 149 would require contractors and subcontractors who work on public improvements to pay wages and fringe benefits that have been established by collective bargaining agreements ... According to HSB 149, the proposed prevailing... (Washington Journal, IA)
