Owner: young negotiators URL:http://youngnegotiators.com Join Date: Tue, 26 Feb 2008 12:30:21 -0600 Rating:0 Site Description: Fresh and daily information about business, economic, finance and more for anyone that needs to be inform. Advice for young people about investments, retirement, recession and much more. Site statistics:Click here
Equities fare better than debt in hedge fund strife 2008-03-19 11:07:58 Distress selling by hedge funds has hurt credit markets badly in recent weeks, leading investors to ask whether equity markets will be next.Equity hedge funds own about $1 trillion in stock across the world, analysts say, and forced selling would be deadly for stock markets threatened by economic slowdown, weakening company profits and sky-high oil [...] Read more:Equities
, better
, strife
Fannie, Freddie cleared to pump $200 billion into market 2008-03-19 11:03:54 The regulator of Fannie Mae and Freddie
Mac on Wednesday eased capital requirements for the two biggest housing finance agencies, allowing them to pump up to $200 billion
into the distressed U.S. mortgage market.
The regulator, the Office of Federal Housing Enterprise Oversight, said it was lowering to 20 percent from 30 percent the amount of [...]
Fed cuts fail to lower 30-year mortgage rates 2008-03-19 11:00:07 The Federal Reserve has been slashing short-term interest rates since August with precious little effect on the one that matters most to homeowners and home buyers: the 30-year fixed mortgage rate.That rate is roughly where it was a year ago, while the discount rate, which is what banks pay to borrow directly from the central [...]
Ford has other options if buyouts come up short: CEO 2008-03-19 10:56:50 Ford Motor Co (F.N: Quote, Profile, Research) has other options to cut costs if a just-completed round of buyouts for its U.S. blue-collar work force comes up short of its targets, the automaker’s chief executive said on Wednesday.”We have a lot of other options to keep right-sizing the place,” Ford Chief Executive Alan Mulally said [...]
18 states sue Abbott Labs, French company for blocking generic competition 2008-03-19 10:24:03 Eighteen states have sued Abbott
Laboratories in federal court, alleging the drug maker blocked generic competition
for a popular cholesterol medication, state officials said Tuesday.The antitrust lawsuit against Abbott and French
drug company
Fournier Industrie et Sante and Laboratories Fournier SA, charges the companies sought to block competition for a cheaper, generic version of the [...]
Prices Up, Housing Construction Drops 2008-03-19 07:01:45 Prices Up, Housing
Contruction Drops
Wholesale prices rose again in February as another hefty increase in energy costs offset falling food prices. Outside of food and energy, prices shot up at the fastest pace in 15 months.In another sign of troubles in housing, construction of new homes fell by a larger-than-expected 0.6 percent in February to [...] Read more:Prices
, Construction
Verizon not upfront on contract terms 2008-03-19 06:54:28 For years, credit card issuers have gotten away with withholding contract
s from customers until they actually have the plastic in their hands — a practice that denies many people a fair chance to look under the hood for onerous terms and conditions.Now it looks like Verizon
has adopted the same technique.Torrance resident Sandy Lough thought [...]
Fox passes CBS as most-watched network 2008-03-19 06:49:56 News Corp.’s Fox passed CBS as the most-watched television network
after its “American Idol” singing contest topped ratings and the Hollywood writers strike limited competition from scripted shows.Fox’s 6.8 rating among U.S. households in primetime for the season through March 16 snatched the lead from CBS Corp., according to Nielsen Media Research. CBS has been [...]
SHOWTIME FOR YAHOO! 2008-03-19 06:36:37 Yahoo! yesterday released updated financial guidance theoretically aimed at preserving its independence, but instead was viewed as a last-gasp attempt to pry more money out of Microsoft.In an investor presentation filed with regulators, Yahoo! reaffirmed its first-quarter and full-year 2008 guidance, effectively erasing the idea that the company was going to miss its targets and [...]
US Stocks Heading for Lower Open 2008-03-19 06:29:44 March 19, 2008
US StocksHeading
for Lower
Open
By MADLEN READAP Business Writer
U.S. stocks were poised to open lower Wednesday as investors grew more cautious about the banking system and prepared to take profits following Tuesday’s pop on Wall Street.On Tuesday, the Dow Jones industrial average shot up 420 points after the Federal Reserve cut its [...]
FED’S .75 RATE CUT DOES NOT TRIM MARKET SAILS 2008-03-19 06:20:38 Good news from two top investment banks coupled with a hefty interest-rate cut by Fed Chairman Ben Bernanke sent stock prices roaring higher.Major market indexes posted their biggest gains in five years, with the Dow Jones industrial average soaring 420.41 points, or 3.5 percent, to hit 12,392.66.The Nasdaq rocketed 4.2 percent higher to end [...]
Visa IPO prices at record $17.9B 2008-03-18 21:44:07 Visa buyers paid a whopping $17.9 billion, or $44 a share, when the company priced its initial public offering Tuesday evening.The number punctuated a Wall Street comeback that included another Federal Reserve rate cut, surprisingly strong earnings results from Goldman Sachs and Lehman Brothers, and a 420-point spike in the Dow, its largest one-day point [...]
Gold plummets on dollar strength 2008-03-18 21:40:46 The shiny commodity sees a sell-off after Fed cuts interest rates by a less-than-expected three-quarters of a percentage point, sending the dollar . Gold prices sunk below $1,000 Tuesday as the dollar roared back after the Federal Reserve’s announcement that it would cut a key interest rate by three-quarters of a percentage pointThe markets had been anticipating [...] Read more:strength
JetBlue wants to ‘upsell’ extra legroom 2008-03-18 19:00:08 The head of JetBlue
Airways Corp. said Tuesday the low-cost carrier expects to boost its noncore revenue by 60 percent this year, in part by charging passengers extra for more legroom.”What we want … is the ability to upsell,” Chief Executive David Barger said.Speaking at an investment conference in New York, Barger said “demand is [...] Read more:wants
Dollar gains against euro 2008-03-20 08:17:51 The dollar was up versus the 15-nation euro Thursday as regulators halted trading in IKB Deutsche Industriebank AG, which reported more mortgage-related write-downs.The euro bought $1.5443 in morning European trading, below the $1.5613 it bought the night before in New York and well off its all-time high of $1.5904 set Monday. Read more:Dollar
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Number Filing for Unemployment Benefits Rises to Highest Level in Nearly 2 Months 2008-03-20 08:12:15 The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months, providing more evidence that the weak economy is having an adverse impact on the labor market. The Labor Department said Thursday that applications for jobless benefits totaled 378,000 last week. That was an increase [...] Read more:Number
, Filing
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, Months
Visa Stock Soars in Market Debut 2008-03-20 05:04:34 Catapulted by the biggest IPO in U.S. history, Visa Inc. shares soared 28 percent in their stock market debut Wednesday as investors bet an accelerating shift to electronic payments will enrich the world’s largest processor of credit and debit cards.After being priced above expectations at $44 per share in an initial public offering that raised [...] Read more:Stock
, Market
More than three in four Americans think the country is in a recession 2008-03-19 22:53:51 On the 18th i post this article: Poll, 3 -4 think
s american is in a recession; about a poll that usatoday made about the recession en USA. I made a discussion on blocatalog about this matter and received some interesting comments. This is what people are saying: Read more:Americans
Investors Await Housing, Spending Data 2008-03-23 15:21:57 Investors Await Housing
, Spending
Data By MADLEN READ AP Business Writer Few investors expect this week’s readings on the housing market and personal spending to be especially strong. But many are hoping the data shows at least a few clues that an economic rebound is on the horizon.More than six months have passed since the Federal Reserve started [...] Read more:Investors
US PONDERS: HOW DEEP IS ECONOMIC ABYSS? 2008-03-23 15:17:46 US Ponders: How Deep Is Economic Abyss? By RACHEL BECK and ERIN McCLAM Associated Press WritersFor months, Americans have been subjected to a sort of economic water torture — a maddening drip of bad news about jobs, gas prices, sagging home values, creeping inflation, the slouching dollar and a stock market in bumpy descent.Then came Bear Stearns. [...]
BEAR MAY HAVE LIVED | COX: FIRM HAD AMPLE CAPITAL 2008-03-23 15:13:31 Bear Stearns didn’t have to die.Christopher Cox, one of the architects of the euthanasia of Wall Street’s No. 5 investment bank, says the firm was financially very healthy even up to its tragic end.The “fate of Bear Stearns was a lack of confidence, not a lack of capital,” Cox, the head of the Securities and [...]
Bear Stearns fetches a better price, shoring up deal 2008-03-25 17:00:22 Hoping to quickly seal its government-backed takeover of struggling brokerage Bear Stearns
Cos., banking giant JPMorgan Chase & Co. on Monday said it would pay five times its original offering price
for the firm and shift $1 billion of risk in the deal from the Federal Reserve’s shoulders to its own.The unprecedented and controversial rescue [...] Read more:better
, Bear Stearns
Orbitz CEO earned $5.5 million last year 2008-03-25 16:57:40 The chief executive of Orbitz Worldwide Inc. earned $5.5 million
last year, much of it in stock and options granted as the Chicago-based online travel agency went public last summer, according to a Securities and Exchange Commission filing.Steven Barnhart, who was named CEO of Orbitz last April, earned salary and bonus worth $1.04 million in [...]
Yen and U.S. slump to put brakes on Japan auto growth 2008-03-25 16:55:07 The seemingly unstoppable profit machine that is the Japan
ese auto industry is about to come to a grinding halt.he sector, led by Toyota Motor Co (7203.T), Nissan Motor Corp (7201.T) and Honda Motor Co (7267.T), has managed to grow profits for seven straight years by expanding sales in overseas markets and steadily cutting production costs.But [...] Read more:brakes
Google revives push to get free airwaves 2008-03-25 16:52:21 The search giant has its eye on the ‘white spaces’ between TV broadcast channels.Google
Inc.’s wireless strategy could be summed up this way: Why pay for something you can get for nothing?The Internet giant is making a renewed pitch to regulators for free access to what may be the last great swath of airwaves — [...] Read more:revives
Trustees Project Serious Financial Challenges for Social Security and Medicare 2008-03-25 16:47:59 Trustees for the government’s two biggest benefit programs warned that Social
Security and Medicare are facing “enormous challenges” with the threat to Medicare’s solvency far more severe.The trustees, issuing their once-a-year analysis, said the resources in the Social Security
trust fund will be depleted by 2041. The reserves in the Medicare trust fund that pays [...] Read more:Project
, Financial
Plan Ahead 2008-03-25 13:06:11 List of steps to help us plan effectively. Did you forgot about an assignment? Maybe you thought, ” I’ll remember, no need to write it down.” Don’t worry, I’m guilty, I failed to plan and follow through.” Read More: miguelpineiro.wordpress.com
McCain Addresses Housing Crisis Options 2008-03-25 12:58:40 McCain Addresses HousingCrisisOptions
By LIZ SIDOTI Associated Press Writer Republican John McCain said Tuesday that government isn’t in the business of saving and rewarding banks or small borrowers who behave irresponsibly though he offered few immediate alternatives to fixing the growing housing crisis.”I will consider any and all proposals based on their cost and benefits,” the [...] Read more:McCain
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