Current Business News
- Super Bowl ads: An appeal to family
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While the themes in this year's Super Bowl ads ran the gamut from poking fun of emasculated males to take-offs on popular TV shows, experts agreed that a simple appeal to motherly love seemed to speak strongest to viewers.
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- CNNMoney - 1d ago
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- CIT Taps Ex-Merrill Chief John Thain to Run 102-Year-Old Lender
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John Thain, the ousted chief of Merrill Lynch & Co., was named to lead CIT Group Inc., the commercial lender that emerged from bankruptcy in December, after almost a four-month search for a replacement.
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- Business Week Investing - 1d ago
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- Conflict With Goldman Helped Push A.I.G. to Edge
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Well before the federal government bailed out A.I.G. in September 2008, Goldman's demands for billions of dollars from the insurer helped put it in a precarious financial position by bleeding much-needed cash. That ultimately provoked the government to step in.
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- DealBook - New York Times - 1d ago
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- Blair’s Business Backers Split in ‘Up for Grabs’ Vote (Update1)
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Stort Chemicals Ltd. Chairman Ken Gilkes joined 62 executives who endorsed former Prime Minister Tony Blair's Labour Party in a letter to the Financial Times before the 2005 election. Now he doesn't know who to vote for.
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- Business Week Investing - 1d ago
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- Asia Stocks Drop for Third Day on Concern for Earnings, Budgets
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Asian stocks fell, dragging the MSCI Asia Pacific Index 10 percent below its January peak, as electronics makers posted losses and European finance ministers failed to announce detailed plans to tackle budget deficits.
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- Business Week Investing - 1d ago
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- SAP CEO Apotheker steps down after seven months
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FRANKFURT (Reuters) - SAP AG Chief Executive Leo Apotheker, who has been with the company for more than 20 years, resigned with immediate effect just seven months after taking over as sole chief executive.
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- Reuters - 1d ago
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- Kirin Ends Merger Talks With Suntory
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A potential mega-merger in the food and beverage sector fell apart Monday after Kirin Holdings of Japan said it had ended talks with its smaller rival Suntory Holdings about a deal to create company on a par with Kraft Foods.
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- DealBook - New York Times - 1d ago
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- Andrea Coombes' Ways and Means: First aid for your résumé
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These are desperate times for many job seekers. But you can avoid desperate-looking and time-wasting measures when it comes to putting together and marketing your résumé.
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- MarketWatch Personal Finance - 1d ago
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- Liquidators Say $370 Million Is Found in Stanford Account
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Funds and property valued at about $370 million traced to accused Ponzi schemer Allen Stanford have been located, but disputes over control of the assets are holding up disbursement, liquidators for Mr. Stanford's offshore bank said on Friday.
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- DealBook - New York Times - 1d ago
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- FriendFinder Networks Pulls Its I.P.O.
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FriendFinder Networks, the publisher of Penthouse magazine that operates adult-oriented Web sites like AdultFriendFinder.com and Cams.com, said Friday that it had indefinitely shelved its planned $220 million initial public offering, citing market conditions.
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- DealBook - New York Times - 1d ago
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- Madoff Family Members Agree to Asset Freeze
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Several members of Bernard L. Madoff's family have agreed to a freeze of their assets pending the outcome of a $200 million lawsuit filed by the court-appointed trustee in charge of recovering money for the victims of Mr. Madoff's enormous Ponzi scheme.
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- DealBook - New York Times - 1d ago
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- S.E.C. to Consider Ways to Curb Short-Selling
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The Securities and Exchange Commission will consider adopting short-selling curbs in coming weeks as well as ways to improve market surveillance, Mary L. Schapiro, the S.E.C. chairwoman, said on Friday.
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- DealBook - New York Times - 1d ago
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- Blankfein Gets Bonus of $9 Million in Stock
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Lloyd C. Blankfein, the chief executive of Goldman Sachs, received a bonus of stock currently valued at $9 million, the firm disclosed in a regulatory filing on Friday afternoon.
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- DealBook - New York Times - 1d ago
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- Debt Problems Chip Away at Fortress Europe
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For the 16 countries that use the euro, a question about whether a single central bank can manage the divergent economic and financial conditions of its members is being raised.
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- DealBook - New York Times - 1d ago
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- Dowdy Index Funds Win a Notable Endorsement
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The financial writer Burton G. Malkiel sees index funds as a way for the wealthy to avoid much of the volatility and high fees of other investments.
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- DealBook - New York Times - 1d ago
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- Legal Broadsides Kick Off Air Products-Airgas Battle
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Less than 24 hours after Air Products said it was making an unsolicited $5.1 billion takeover offer for its smaller rival, Airgas, the lawsuits started flying.
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- DealBook - New York Times - 1d ago
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- Brokerage Hopes for $2.5 Billion in Shanghai I.P.O.
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Huatai Securities plans to raise as much as $2.5 billion in an initial share sale in Shanghai, where two companies that went public in the past month fell on their first trading day.
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- DealBook - New York Times - 1d ago
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- Barclays Hires 3 Bankers From UBS
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Barclays Wealth, the private banking arm of Barclays, has hired another three bankers from UBS, adding to the 10 who were recruited in August last year.
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- DealBook - New York Times - 1d ago
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- Irked, Wall St. Hedges Its Bet on Democrats
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If the Democratic Party has a stronghold on Wall Street, it is JPMorgan Chase, but this year Chase's political action committee is sending the Democrats a pointed message.
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- DealBook - New York Times - 1d ago
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- Morgenson: This Crisis Won't Stop Moving
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Contagion is a fact of life in our interconnected global economy and financial markets. And that means investors must strap in as the great and painful deleveraging that began in 2007 continues around the world, and especially in Europe's most indebted nations.
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- DealBook - New York Times - 1d ago
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- More consumers just say no to credit cards
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Credit card usage is slowing. Revolving credit fell by nearly 20% in November, reflecting less borrowing and tighter lending ...
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- USA Today Money - 1d ago
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- NHTSA warned about Toyota, Lexus models in 2007
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State Farm told USA TODAY it notified NHTSA in late 2007 that it was seeing an increase in sudden acceleration with Toyota and ...
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- USA Today Money - 1d ago
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- Jake Burton puts his personal stamp on Burton Snowboards
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Controversial uniforms for U.S. Olympic snowboarding team are no surprise coming from the man credited with making the sport ...
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- USA Today Money - 1d ago
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- 4 questions that will help you reinvent your business
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Q: Steve I saw you on TV discussing how a woman who owned a cookie business reinvented it by tapping the wholesale market. In ...
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- USA Today Money - 1d ago
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- Betty White, Snickers top Ad Meter; view and rate all the ads
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Three years after getting hammered by gay activists for what many felt was an anti-gay Super Bowl commercial, the Mars candy ...
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- USA Today Money - 1d ago
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- Gruebel Turnaround Means Battered UBS May Trump Credit Suisse
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UBS AG, the European bank with the biggest losses from the credit crisis, is poised for an earnings rebound that may help it catch up to Credit Suisse Group AG.
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- Business Week Investing - 1d ago
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- G7 talk on Greece fails to soothe investors, euro dips
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TORONTO/HONG KONG (Reuters) - The euro and growth-linked currencies fell on Monday as investors unwound risky trades amid growing worries about eurozone's debt problems, dismissing assurances from European finance ministers at the weekend.
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- Reuters - 1d ago
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- IBM begins Power server upgrade to battle HP, Sun
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IBM is beginning a long-awaited upgrade to a range of servers and other hardware to make them more energy-efficient and competitive than rival products by Hewlett-Packard and Sun Microsystems Inc.
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- Reuters - 1d ago
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- Greece to levy 40 percent tax rate on more earners
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ATHENS (Reuters) - Greece will lower the current 75,000 euro income threshold that is subject to a 40 percent tax rate as part of reforms to urgently boost government revenues, the country's finance minister said on Monday.
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- Reuters - 1d ago
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- Surprise CEO exit puts SAP shares under pressure
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FRANKFURT (Reuters) - The abrupt resignation of SAP AG's chief executive Leo Apotheker put pressure on the group's stock on Monday as the market sought direction on where the world's largest business-software company is headed.
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- Reuters - 1d ago
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- Xstrata reinstates dividend, upbeat on outlook
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Mining group Xstrata reinstated dividends on Monday citing an encouraging outlook for commodities demand in the medium term after posting an expected 41 percent fall in 2009 profit on weaker metals prices.
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- Reuters - 1d ago
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- 5 things to watch for at Macworld
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- CNNMoney - 1d ago
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- India Can’t Be Lax as It Aims to Cool Prices, Chakrabarty Says
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India can't afford to be lax about fighting inflation as the nation seeks to slow price gains to 5 percent or less, central bank Deputy Governor K.C. Chakrabarty said yesterday.
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- Business Week Investing - 1d ago
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- Huatai Securities Sets IPO Price at Much as 22 Yuan A Share
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Huatai Securities Co. set the price range for its initial public offering at 20 yuan to 22 yuan a share, according to a filing to Shanghai's stock exchange. The company plans to sell as many as 784.6 million shares, according to the statement.
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- Business Week Investing - 1d ago
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- German Bounty Tears Veil Off Swiss Secrecy: Celestine Bohlen
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The Swiss are shocked again, this time over the German decision to buy a list of some 1,500 possible tax cheats saved on a disc lifted from a Swiss bank. It's stolen property, say the Swiss bankers. It's bank robbery, cry the lawyers. It is behavior unfitting of a "civilized...
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- Business Week Investing - 1d ago
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