Daily News Alert | Thursday, June 25, 2009 12:00 AM PDT |
Ericsson names former financial chief as new CEO
Wed, 24 Jun 2009 11:39 pm PDT
 AP - Swedish wireless equipment company L.M. Ericsson on Thursday said its financial chief Hans Vestberg will take over as chief executive as Carl-Henric Svanberg moves to become chairman of the board of BP Group PLC. Full Story | Top |
Bernanke to face hostile questioning on BofA deal
Wed, 24 Jun 2009 11:15 pm PDT
 AP - Federal Reserve Chairman Ben Bernanke likely will face hostile questions from a House committee investigating whether he and other government officials pressured Bank of America Corp. into a "shotgun wedding" with Merrill Lynch that cost taxpayers $20 billion. Full Story | Top |
Poor countries want greater role in world economy
Wed, 24 Jun 2009 10:29 pm PDT
AP - Developing countries have joined U.N. officials in calling for more money and a greater role in regulating the world economy in the wake of the worst global financial crisis since the Great Depression, which has taken a disproportionate toll on poor nations. Full Story | Top |
Asia markets gain as Fed underpins recovery hopes
Wed, 24 Jun 2009 10:30 pm PDT
 AP - Asian stock markets advanced Thursday after the U.S. Federal Reserve said the world's largest economy is shrinking at a slower pace and scotched fears of an inflation threat, underpinning investor hopes for recovery. Full Story | Top |
SEC eyes shorter maturity limits for money funds: source
Tue, 23 Jun 2009 11:18 am PDT
Reuters - U.S. securities regulators are considering shortening a money market fund's maturity limits to protect investors after last year's sudden losses in industry pioneer Reserve Primary Fund, a source familiar with the agency's thinking said on Tuesday. Full Story | Top |
Germany to take on record debt
Wed, 24 Jun 2009 12:00 pm PDT
 AFP - Germany's finance minister said Wednesday Berlin would break EU budget rules until 2013 or 2014, unveiling a record level of borrowing as the country reels from its worst recession in decades. Full Story | Top |
China retailer to buy into Japan's Laox
Wed, 24 Jun 2009 10:43 pm PDT
 AFP - Chinese retail chain Suning Appliance Co said it planned to buy a stake in struggling Japanese consumer electronics retailer Laox for 800 million yen (8.4 million dollars). Full Story | Top |
Democrats, industry battle on consumer protections
Wed, 24 Jun 2009 02:25 pm PDT
AP - Democrats are pressing the Obama administration to find a way out of the foreclosure crisis as they moved ahead with plans to create a government agency that would police the market for risky or deceptive mortgages. Full Story | Top |
U.S. mortgage applications climb from 7-month low
Wed, 24 Jun 2009 04:07 am PDT
 Reuters - U.S. mortgage applications climbed last week from a seven-month low, the Mortgage Bankers Association said on Wednesday, adding to emerging signs that the three-year housing market collapse may be abating. Full Story | Top |
Make Job-Hunting a Party
Wed, 24 Jun 2009 05:08 am PDT
BusinessWeek Online - So you're out of work -- or worried you may be soon. Your impulse is to batten down the hatches and hunker down rather than hobnob, right? It's natural, but as any sportsman will tell you, the most successful hunts are done in a group and infused with equal amounts of purpose and camaraderie. That's why it's best, if only out of pragmatism, to approach your job pursuit more like a party. You should be inviting people in, instead of thinking about it like a painful ordeal to endure in secret. Full Story | Top |
No Housing Market Meltdown for Israel
Wed, 24 Jun 2009 05:08 am PDT
BusinessWeek Online - Late last year many Israelis decided to put their plans to buy houses on hold. With real estate prices falling in every major Western country, the feeling was that it was just a matter of time before the declines made their way to Israel. The number of deals in the last quarter of 2008 fell markedly as the global recession began taking its toll on the Israeli economy. Full Story | Top |
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