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Saturday, June 27, 2009 12:00 AM PDT

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Today's Business News: Madoff ordered to forfeit over $170 billion House narrowly passes major energy-climate bill Stocks end mixed as savings rate jumps Companies appeal to China to drop Web filter plan Buffett lunch auction nets $1.68M for charity FTSE 100 down on US jobs data U.S. spending and income rise, mood improves KB Home new home orders up from 1Q BBC publishes top executives' expense claims AIG's Alico set for Europe restructuring: letter Retail gas drops every day this week The 10 Most Dollar-Discounted Housing Markets Thinking of Switching Financial Planners? KB Home posts loss, orders decline, shares drop The Family Doctor: A Remedy for Health-Care Costs? Capitalizing on Cheap Natural Gas Madoff ordered to forfeit over $170 billion Fri, 26 Jun 2009 09:27 pm PDT AP - Disgraced financier Bernard Madoff must forfeit $170 billion, a federal judge ordered Friday. Full Story Top House narrowly passes major energy-climate bill Fri, 26 Jun 2009 09:30 pm PDT AP - In a triumph for President Barack Obama, the Democratic-controlled House narrowly passed sweeping legislation Friday that calls for the nation's first limits on pollution linked to global warming and aims to usher in a new era of cleaner, yet more costly energy. Full Story Top Stocks end mixed as savings rate jumps Fri, 26 Jun 2009 03:14 pm PDT AP - Consumers are saving more than they're spending, and that has investors worried. Full Story Top Companies appeal to China to drop Web filter plan Fri, 26 Jun 2009 09:22 pm PDT AP - Global business groups have made an unusual direct appeal to Chinese Premier Wen Jiabao to scrap an order for PC makers to supply controversial Internet filtering software, citing security and privacy concerns. Full Story Top Buffett lunch auction nets $1.68M for charity Fri, 26 Jun 2009 08:17 pm PDT AP - The winner of this year's charity auction to dine with billionaire Warren Buffett gets a slight discount over last year, but will still plunk down more than $1.68 million dollars for lunch. Full Story Top FTSE 100 down on US jobs data Thu, 25 Jun 2009 09:41 am PDT AFP - The London stock market closed lower on Thursday, dragged down by US jobs data, as investors remained anxious about the economic climate. Full Story Top U.S. spending and income rise, mood improves Fri, 26 Jun 2009 01:24 pm PDT Reuters - U.S. consumer spending in May rose for the first time since February and savings hit a record high as federal stimulus measures boosted incomes, bolstering the view that the economy was close to emerging from recession. Full Story Top KB Home new home orders up from 1Q Fri, 26 Jun 2009 02:42 pm PDT AP - Going into its second quarter, KB Home had everyone wondering whether the homebuilder could duplicate the standout performance of its first quarter — posting a 26 percent year-over-year increase in new orders for the first time in more than three years. Full Story Top BBC publishes top executives' expense claims Thu, 25 Jun 2009 08:56 am PDT AP - Britain's state broadcaster, the BBC, published details of expenses claims made by top executives Thursday, amid an increasing public clamor to scrutinize the use of public money. Full Story Top AIG's Alico set for Europe restructuring: letter Fri, 26 Jun 2009 08:10 am PDT Reuters - AIG's (AIG.N) American Life Insurance Company (Alico) will restructure its western European businesses in order to generate cost savings, according to an internal document obtained by Reuters. Full Story Top Retail gas drops every day this week Fri, 26 Jun 2009 12:13 pm PDT AP - Pump prices fell every day this week, easing off a summer peak near $2.70 a gallon as U.S. storage facilities swelled with unused gasoline. Full Story Top The 10 Most Dollar-Discounted Housing Markets Fri, 26 Jun 2009 12:04 pm PDT U.S. News & World Report - As the historic real estate bust continues to gut home prices throughout the country, property owners everywhere are scrambling to attract buyers. For some home sellers, that might mean chipping in for closing costs; others might try to sweeten the deal by handing out perks, like a free parking spot. But for many homeowners, the most efficient way to sell a home in a depressed market is to simply drop the listing price. ... Full Story Top Fri, 26 Jun 2009 04:17 pm PDT AP - House passes bill to curb pollution blamed for global warming; would raise energy prices. Full Story Top Thinking of Switching Financial Planners? Fri, 26 Jun 2009 06:28 am PDT BusinessWeek Online - You've got a dirty little secret. During long lunch breaks, or after work when everyone else heads home to their families, you're sneaking out to a secret rendezvous. You know what you're doing is perfectly justified, but you still feel a little bad afterwards. You never thought it would come to this. But here you are -- cheating on your financial planner. Full Story Top KB Home posts loss, orders decline, shares drop Fri, 26 Jun 2009 07:39 am PDT Reuters - KB Home (KBH.N), the No. 5 U.S. homebuilder, posted a wider-than-expected quarterly loss on Friday and reported a year-over-year decline in orders, sending its shares down nearly 8 percent. Full Story Top The Family Doctor: A Remedy for Health-Care Costs? Fri, 26 Jun 2009 06:28 am PDT BusinessWeek Online - The primary-care doctor is gaining new respect in Washington. Battles may be breaking out left and right over the various health-care bills emerging from Congress, but reformers on both sides agree that general practitioners should be given a central role in uniting the fragmented U.S. medical system. Full Story Top Capitalizing on Cheap Natural Gas Fri, 26 Jun 2009 06:28 am PDT BusinessWeek Online - While the price of a barrel of oil has doubled since early March, to about $68, natural gas prices are languishing at about $4 per million BTUs. In markets where traders make bets based on those standard measures of barrels and BTUs, the 18-to-1 price ratio for oil is about double the typical ratio of 8 or 9 to 1. That has some speculators betting natural gas prices will spike. Full Story Top

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