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
Countrywide reportedly under FBI investigation 2008-03-08 12:44:16 The troubled home loan servicer is being probed by Feds for using fraudulent lending practices, financial reporting. The FBI
has launched an investigation
into the lending practices of battered home lender Countrywide
Financial Corp., according to a report in The Wall Street Journal. The mortgage company is suspected of widespread fraud, the paper said, which may [...]
DANGEROUS CRACKS APPEARING IN JOB MARKET 2008-03-08 11:47:29 Dangerous cracks in the nation’s job market are deepening. Employers slashed jobs by the largest amount in five years and hundreds of thousands of people dropped out of the labor force - ominous signs that the country is falling toward a recession or has already toppled into one.
For the second straight month, nervous employers got [...]
Work Overseas 2008-03-08 06:45:59 Now that our economy is going down the drain, is time to take a step back and think what will be the alternative of not catching a damaging virus call “Recession” that supposedly it is the period of temporary economic decline; but some other people go beyond of what it is, perchance the beginning of [...]
Are We Talking Ourselves Into Recession? 2008-03-08 01:24:45
While you can’t talk a strong economy into a weak one, maybe we’re making things worse by focusing on the negative news.You can’t escape the R-word these days. The question of whether the U.S. is in a recession—or in the process of sliding into one—dominates economic analysis and financial reporting, as well as conversations at [...] Read more:Talking
Factories for sale: Machinery auctioned off to global buyers 2008-03-07 18:12:22 Here on the factory floor of what used to be Synergis Technologies Group, the bidding for the Clearing 1,500-Ton 2-Point Straight Side Press soon becomes a global race.A starting offer of $16,000 for the 35-foot-high stamping press with baby-blue trim is placed by a local scrap dealer, one of 350 bidders who have showed up [...]
Harper widens NAFTA-gate probe to include his own office 2008-03-07 16:48:23 Prime Minister Stephen Harper
resisted calls to fire his most senior official Thursday over remarks that triggered a tempest now sweeping over the Democratic primary in the U.S. election.
The prime minister deflected demands for his chief of staff Ian Brodie’s head when opposition parties accused him of damaging the campaign of Barack Obama and possibly [...] Read more:include
, office
Ford, Tata seen signing Jaguar MoU within 2 weeks 2008-03-07 06:29:50 India’s Tata Motors (TAMO.BO: Quote, Profile, Research) is expected to sign a memorandum of understanding to buy Ford Motor Co’s (F.N: Quote, Profile, Research) luxury UK brands Jaguar
and Land Rover in the next two weeks, a labor union negotiator said on Friday.There are no roadblocks holding back the deal, but negotiations have proved complex, [...] Read more:signing
, within
JC PENNEY, MERRILL AMONG BIG MOVERS 2008-03-07 06:26:48 Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange:NYSEJ.C. Penney Co., down $5.10 at $43.01 Amid ongoing weakness in consumer spending, the department store’s same-store sales slipped 6.7 percent in February.Merrill Lynch & Co., down $3.03 at $46.29 The investment bank will close its subprime mortgage lending unit and reset the [...]
US STOCKS HEAD FOR LOWER OPEN 2008-03-07 06:16:06 U.S. stocks headed toward a lower open Friday as investors awaited the much-anticipated February employment report for insight into how well the economy might be able to hold up.Unemployment remains relatively low by historical standards but an increase could set off fears of a consumer slowdown. The well-being of the consumer, whose spending accounts for [...]
Dollar falls to 3-year low versus yen 2008-03-07 06:11:15 Greenback hits another all-time low against euro, declines against yen amid weak economic forecasts.The dollar plunged to a three-year low against the Japanese yen and another all-time low against the euro on Friday, amid growing fears about a weak U.S. economic outlook.The dollar drifted as low as 102.45 yen early in the session before rebounding [...] Read more:Dollar
, versus
Firms that actually pay bloggers (a bit) 2008-03-07 05:58:02 Increasingly, Web content sites are finding ways to organize and syndicate writers’ content - and even send them a check. Moliere once wrote - ironically, one supposes - that writing is like prostitution. “First you do it for love,” he wrote, “and then for a few close friends, and then for money.” I read this quote [...] Read more:bloggers
Hybrid tax credit shock 2008-03-07 05:53:03 Either through errors or tricky rules, not all hybrid buyers will get the tax credit
they may have expected.If you bought a hybrid vehicle last year, and you were counting on a tax credit, you may be in for a nasty surprise.You should already know that if you bought a Toyota or Lexus hybrid after [...] Read more:Hybrid
Bond insurer crisis: A golden goose egg 2008-03-07 05:51:22 Firms like FSA, Assured Guaranty are scooping up business at a time of trouble for major players in the industry.It’s not all bad news for the bond insurance industry nowadays.The ongoing crisis, which has left smaller outfits like ACA Financial Guaranty Corp. in shambles and continues to threaten the survival of industry leaders Ambac and [...] Read more:goose
CONSUMER CONFIDENCE AT LOWEST SINCE 2002 2008-03-07 05:46:52 Confidence in the economy dropped to a new low as worries about a possible recession, persistent problems in the housing and credit markets and lofty energy prices put people in a more gloomy mind-set.
According to the RBC Cash Index, confidence sank to a mark of 33.1 in early March, down from 48.5 in February. The [...]
Six safe fuel savers 2008-03-12 19:35:41 These days, you no longer have to choose between saving gas money and getting the ultimate in car safety. Here’s a look at some cars that give you both:
Prescription drug sales rate hits 47 year low 2008-03-12 19:25:54 Sales growth reaches the lowest level since 1961 as generics, lack of new products, Medicare and safety concerns take their toll.The sales rate of prescription medications slowed by more than half in 2007 to levels not seen since the early 1960s, according to a report released Wednesday.The report from IMS Health said the prescription market [...] Read more:Prescription drug
The biotech’s chief, Arthur Levinson, received stock awards valued at $9.8 million. 2008-03-12 19:22:02 Genentech Inc. Chairman and Chief Executive Arthur
Levinson collected compensation valued at $13.9 million
in 2007 as the biotech
nology giant watched its share prices fall amid slowing growth in sales of its cancer-fighting drugs.According to a proxy statement the company filed Wednesday with the Securities and Exchange Commission, Levinson received just under $1 million in [...]
Drake’s rocky passage 2008-03-12 14:06:41 Once a golden child of the hedge fund industry, a former high-flyer’s management faces some brutal choices.A high-profile New York hedge fund has notified its investors that it is pondering shutting several of its key portfolios because of a brutal combination of poor performance and lack of liquidity in key marketsDrake
Management, a once-high-flying bond [...] Read more:passage
Wrigley tosses out gum wrappers 2008-03-12 14:02:43 The confectioner says it plans to revive sagging stick gum sales by punching up packaging and flavor. Wm. Wrigley
Jr. Co. will overhaul the packaging and flavor of its ubiquitous stick gums, including Doublemint, Juicy Fruit, Big Red and Extra brands, as part of an effort to revive sagging U.S. sales.The confectioner announced the makeover [...]
New York Gov. Spitzer calls it quits 2008-03-12 13:52:12 Just days after news broke concerning a sex scandal involving a prostitute, New York
Gov. Eliot Spitzer
announced his resignation.Spitzer, with his wife by his side, acknowledged that he didn’t have the political or public support or the moral authority to continue the job as New York’s Governor.via www.reuters.com Read more:calls
FOREX-Dollar nears record low against euro 2008-03-12 09:49:24 The dollar fell broadly on Wednesday and neared a record low against
the euro as strong euro zone economic data renewed focus on the divergent paths of European and U.S. interest rates.The greenback had rallied sharply the previous session after the Federal Reserve said it would lend primary dealers $200 billion in Treasury securities and [...] Read more:Dollar
Chinese major to shake up miners 2008-03-12 08:58:15 The mining industry is about to be shaken by the emergence of a major Chinese
player that is likely to do business very differently from the established, Western-owned miners
, and dramatically affect metals markets.State-owned Aluminum Corp of China, or Chinalco, is set to break onto the world stage after buying a stake in world No. [...]
Gates to urge immigration, education reform 2008-03-12 08:43:08 Microsoft’s chairman will push Congress to let more skilled workers in the U.S. and increase math and science classes.Bill Gates
is coming back to Capitol Hill with the same wish list he’s had for years: more visas for highly skilled workers, more math, science and engineering in schools and more money for technology investment.On Wednesday, [...]
Don’t fear the weak dollar 2008-03-12 08:27:48 The dollar keeps hitting new lows against the euro. But some say this won’t hurt the economy unless the greenback enters a prolonged slump. Concerns about the weak dollar are mounting. But even as the greenback sinks to new lows against the euro and other global currencies, some experts say this is not necessarily a [...]
Aer Lingus swings to profit in 2007 2008-03-12 08:13:54 Irish airline posts better-than-expected earnings after a loss in 2006, its last year under the Irish government.Irish airline Aer Lingus posted a stronger-than-expected return to profit
Wednesday in its results for 2007, a year of supersonic change for the previously state-owned carrier.Aer Lingus recorded a net profit of $161.7 million in 2007, compared with a [...]
Health benefits firm cuts first-quarter 2008-03-12 07:44:21 Humana slashes guidanceHealth
benefits firm cuts first-quarter
and full-year earnings outlook on higher prescription drug claims.Health benefits
firm Humana Inc. said Wednesday it cut its first-quarter and full-year earnings estimates because of higher-than-expected claims in its stand-alone prescription drug plans.
Coach names new president | co-leader of Victoria’s Secret 2008-03-12 07:41:15 Coach names new president. Leather goods maker taps Jerry Stritzke, co-leader of Victoria’s Secret, to succeed the retiring Keith Monda in June.Handbag and leather goods maker Coach Inc. said Wednesday it has hired the current co-leader of Victoria’s Secret to be its next president and chief operating officer.Coach (COH) said that Jerry Stritzke will take over [...] Read more:Coach
WALL STREET LOOKS TO EXTEND GAINS 2008-03-12 06:53:29 Wall Street looked to extend its gains Wednesday as investors overseas applauded the move by the Federal Reserve and other central banks to pump more liquidity into distressed financial markets.The tone in markets around the world was clearly improved after investors sent stocks sharply higher on Tuesday, including a 416-point surge in the Dow Jones [...]
DEFICIT WIDENS AS OIL PRICES HIT RECORD 2008-03-12 06:44:41 The U.S. trade deficit grew larger in January as imports - including crude-oil prices - zoomed to all-time highs.The latest snapshot of trade activity, reported by the Commerce Department on Tuesday, showed the country’s trade gap increased to $58.2 billion. That was up from a trade shortfall of $57.9 billion in December and was the [...]
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