July 2009

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By Elena Logutenkova Aug. 1 (Bloomberg) — UBS AG , the Swiss bank that’s set to report a third consecutive quarterly loss, may be close to resolving a U.S. tax probe that spurred defections by wealthy customers.

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UBS Tax-Evasion Settlement Nears as the U.S., Switzerland Reach Agreement

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UBS Tax-Evasion Settlement Nears as the U.S., Switzerland Reach Agreement

July 31, 2009

By Elena Logutenkova Aug. 1 (Bloomberg) — UBS AG , the Swiss bank that’s set to report a third consecutive quarterly loss, may be close to resolving a U.S

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S&P Says Investors Can’t Sue Over High Ratings on Worthless Lehman Bonds

July 31, 2009

By David Watts Barton and Karen Gullo Aug. 1 (Bloomberg) — Standard & Poor’s, Moody’s Investors Service and Fitch Ratings sought dismissal of a lawsuit by two California investors, claiming they weren’t responsible for the plaintiffs’ investment decisions

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S&P Says Investors Can’t Sue Over High Ratings on Worthless Lehman Bonds

July 31, 2009

By David Watts Barton and Karen Gullo Aug. 1 (Bloomberg) — Standard & Poor’s, Moody’s Investors Service and Fitch Ratings sought dismissal of a lawsuit by two California investors, claiming they weren’t responsible for the plaintiffs’ investment decisions

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Dollar Falls to Year’s Low as Slowing U.S. Contraction Renews Risk Demand

July 31, 2009

By Ye Xie and Sapna Maheshwari Aug. 1 (Bloomberg) — The dollar declined to the lowest level this year against six major U.S. trading partners as optimism that a global recovery is near reduced demand for the greenback as a refuge

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GM Is Said to Favor RHJ Bid for Opel or Bankruptcy Filing Over Magna Offer

July 31, 2009

By Serena Saitto and Andreas Cremer July 31 (Bloomberg) — General Motors Co. ’s Opel unit may be forced into bankruptcy if the automaker and the German government fail to agree on a buyer, according to three people close to the trust that controls the division

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China’s Manufacturing Expands for Fifth Month on Stimulus, Record Lending

July 31, 2009

By Bloomberg News Aug. 1 (Bloomberg) — China’s manufacturing expanded for a fifth month as record lending and a 4 trillion yuan ($586 billion) stimulus plan drove a recovery in the world’s fastest- growing major economy

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China’s Manufacturing Expands for Fifth Month on Stimulus, Record Lending

July 31, 2009

By Bloomberg News Aug. 1 (Bloomberg) — China’s manufacturing expanded for a fifth month as record lending and a 4 trillion yuan ($586 billion) stimulus plan drove a recovery in the world’s fastest- growing major economy. The official Purchasing Managers’ Index rose to a seasonally adjusted 53.3 in July from 53.2 in June, the Federation of Logistics and Purchasing said today in Beijing in an e-mailed statement.

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Glance-PRESS DIGEST – Financial Times – Aug 1

July 31, 2009

MAN WHO PICKED TOP OF HOUSING BOOM SAYS SLUMP CLOSE TO END John Hunt, founder of Foxtons estate agents, believes the 18-month property slump is close to an end.

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Video: Challenges To Rebuild The Firm

July 31, 2009

Analysis and discussion with CEO of Putnam Investments.

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Video: Talks Between U.S. And China

July 31, 2009

U.S. and China meet for high level talks in Washington. (Political Capital)

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Video: Health Care Debate

July 31, 2009

Analysis and discussion with Speaker of the House Nancy Pelosi. She says they will merge those bills over on August and work with them sometime probably in September. (Political Capital)

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Diane Francis: Canada’s disgusting seal hunt should be outlawed

July 31, 2009

The needless slaughter of baby seals in Newfoundland every year is an embarrassment and disgrace. Canada must outlaw the seal hunt

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Video: The Power Of The Green Fairy

July 31, 2009

Once banned in the U.S. and France, a victim of smear campaign, prohibition and reputation, a lawyer decides to launch the legal bottle to get the century old ban on importing absinthe lifted

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Video: Beer Blast At The White House

July 31, 2009

President Obama says this gives them the opportunity to listen to each other. (Taking Stock)

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Video: Cyber Security In The Military

July 31, 2009

Cyber hackers after the information fast, they want to disrupt information networks, they want to deny service to internet systems for money.

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First Year of U.S. Recession Worse Than Initial Estimates, Revisions Show

July 31, 2009

By Bob Willis July 31 (Bloomberg) — The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed.

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Ma Says Taiwan-China Economic Embrace Is Just `the Beginning’ of New Ties

July 31, 2009

By Stuart Biggs and Dune Lawrence Aug. 1 (Bloomberg) — Taiwanese President Ma Ying-jeou says he’s only getting started in opening new economic links with China, after doing more than any of his predecessors to improve relations since the two sides split in 1949. “We’re just at the beginning,” Ma said during an interview yesterday, describing the warmest ties in six decades.

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Corazon Aquino, Philippines President Who Unseated Marcos, Is Dead At 76

July 31, 2009

By Francisco Alcuaz Jr. Aug. 1 (Bloomberg) — Corazon Aquino , who became the first female president of the Philippines by ending Ferdinand Marcos ’s two-decade rule in the “People Power” uprising of 1986, has died. She was 76

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Japan’s Bonds Fall, Yields Reach Five-Week High, as Stock Gains Sap Demand

July 31, 2009

By Yoshiaki Nohara Aug. 1 (Bloomberg) — Japanese bonds fell for a third week as gains in stocks and signs the recession is easing damped demand for the relative safety of government debt. Benchmark 10-year yields rose to the highest level in five weeks yesterday as Japanese shares completed five months of gains on optimism the worst of the global slump is over. Demand for debt also declined as reports showed industrial production completed the biggest quarterly gain in five decades and household spending climbed for a second month.

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Japan’s Bonds Fall, Yields Reach Five-Week High, as Stock Gains Sap Demand

July 31, 2009

By Yoshiaki Nohara Aug. 1 (Bloomberg) — Japanese bonds fell for a third week as gains in stocks and signs the recession is easing damped demand for the relative safety of government debt

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Japan’s Bonds Fall, Yields Reach Five-Week High, as Stock Gains Sap Demand

July 31, 2009

By Yoshiaki Nohara Aug. 1 (Bloomberg) — Japanese bonds fell for a third week as gains in stocks and signs the recession is easing damped demand for the relative safety of government debt. Benchmark 10-year yields rose to the highest level in five weeks yesterday as Japanese shares completed five months of gains on optimism the worst of the global slump is over. Demand for debt also declined as reports showed industrial production completed the biggest quarterly gain in five decades and household spending climbed for a second month.

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Iceland, IMF Staff Reach Agreement Ending Delay in Review of Aid Package

July 31, 2009

By Brendan Murray July 31 (Bloomberg) — The International Monetary Fund said its staff has reached an agreement with officials in Iceland that will end a delay in the first review of the country’s financial rescue package. “The agreement is now being reviewed by IMF management and will then need to be presented to the IMF’s executive board for their consideration and approval,” Poul Thomsen, deputy director of the IMF’s European department, said in an e-mailed statement today. A board meeting “could be held in late August or early September.” The review, initially scheduled for the first quarter of 2009, is needed for Iceland to get a $163 million disbursement that is part of a bigger financial aid package, the IMF official said in the statement. To contact the reporter on this story: Brendan Murray in Washington at brmurray@bloomberg.net

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Iceland, IMF Staff Reach Agreement Ending Delay in Review of Aid Package

July 31, 2009

By Brendan Murray July 31 (Bloomberg) — The International Monetary Fund said its staff has reached an agreement with officials in Iceland that will end a delay in the first review of the country’s financial rescue package. “The agreement is now being reviewed by IMF management and will then need to be presented to the IMF’s executive board for their consideration and approval,” Poul Thomsen, deputy director of the IMF’s European department, said in an e-mailed statement today. A board meeting “could be held in late August or early September.” The review, initially scheduled for the first quarter of 2009, is needed for Iceland to get a $163 million disbursement that is part of a bigger financial aid package, the IMF official said in the statement. To contact the reporter on this story: Brendan Murray in Washington at brmurray@bloomberg.net

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Iceland, IMF Staff Reach Agreement Ending Delay in Review of Aid Package

July 31, 2009

By Brendan Murray July 31 (Bloomberg) — The International Monetary Fund said its staff has reached an agreement with officials in Iceland that will end a delay in the first review of the country’s financial rescue package. “The agreement is now being reviewed by IMF management and will then need to be presented to the IMF’s executive board for their consideration and approval,” Poul Thomsen, deputy director of the IMF’s European department, said in an e-mailed statement today. A board meeting “could be held in late August or early September.” The review, initially scheduled for the first quarter of 2009, is needed for Iceland to get a $163 million disbursement that is part of a bigger financial aid package, the IMF official said in the statement. To contact the reporter on this story: Brendan Murray in Washington at brmurray@bloomberg.net

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Iceland, IMF Staff Reach Agreement Ending Delay in Review of Aid Package

July 31, 2009

By Brendan Murray July 31 (Bloomberg) — The International Monetary Fund said its staff has reached an agreement with officials in Iceland that will end a delay in the first review of the country’s financial rescue package. “The agreement is now being reviewed by IMF management and will then need to be presented to the IMF’s executive board for their consideration and approval,” Poul Thomsen, deputy director of the IMF’s European department, said in an e-mailed statement today

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Asian Stocks Post Third Weekly Gain as Company Earnings Exceed Estimates

July 31, 2009

By Patrick Rial and Masaki Kondo Aug. 1 (Bloomberg) — Asian stocks climbed for a third straight week as profits at companies from Sony Corp

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Asian Stocks Post Third Weekly Gain as Company Earnings Exceed Estimates

July 31, 2009

By Patrick Rial and Masaki Kondo Aug. 1 (Bloomberg) — Asian stocks climbed for a third straight week as profits at companies from Sony Corp. to Tata Motors Ltd. exceeded estimates, lifting confidence the global economy is recovering

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Asian Stocks Post Third Weekly Gain as Company Earnings Exceed Estimates

July 31, 2009

By Patrick Rial and Masaki Kondo Aug. 1 (Bloomberg) — Asian stocks climbed for a third straight week as profits at companies from Sony Corp. to Tata Motors Ltd

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Asian Stocks Post Third Weekly Gain as Company Earnings Exceed Estimates

July 31, 2009

By Patrick Rial and Masaki Kondo Aug. 1 (Bloomberg) — Asian stocks climbed for a third straight week as profits at companies from Sony Corp

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U.S. Stocks Advance, Dow Average Caps Best Month Since 2002 on GDP Report

July 31, 2009

By Lynn Thomasson July 31 (Bloomberg) — U.S. stocks rose, extending the Dow Jones Industrial Average’s best monthly gain since 2002, as better-than-estimated gross domestic product spurred speculation the economy is recovering from the recession

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U.S. Stocks Advance, Dow Average Caps Best Month Since 2002 on GDP Report

July 31, 2009

By Lynn Thomasson July 31 (Bloomberg) — U.S. stocks rose, extending the Dow Jones Industrial Average’s best monthly gain since 2002, as better-than-estimated gross domestic product spurred speculation the economy is recovering from the recession. General Electric Co., Bank of America Corp. and Alcoa Inc

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U.S. Stocks Advance, Dow Average Caps Best Month Since 2002 on GDP Report

July 31, 2009

By Lynn Thomasson July 31 (Bloomberg) — U.S. stocks rose, extending the Dow Jones Industrial Average’s best monthly gain since 2002, as better-than-estimated gross domestic product spurred speculation the economy is recovering from the recession. General Electric Co., Bank of America Corp

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U.S. Stocks Advance, Dow Average Caps Best Month Since 2002 on GDP Report

July 31, 2009

By Lynn Thomasson July 31 (Bloomberg) — U.S. stocks rose, extending the Dow Jones Industrial Average’s best monthly gain since 2002, as better-than-estimated gross domestic product spurred speculation the economy is recovering from the recession

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Strategies for over-leveraged property owners

July 31, 2009

By: Jason Q. Freed Hotel and Motel Management NATIONAL REPORT?The progression of the real estate industry has gone from bad to worse

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New indicators for a new economy

July 31, 2009

for the first time in a year, some of the brokers, financiers, lawyers and owners in attendance had real examples?albeit small ones?that things might be looking up. Change your thinking Alternate sources of financing do exist: Some LIIC members are

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Video: The Price Of Natural Gas

July 31, 2009

Analysis and discussion with Nicholas Pope of Dahlman Rose.

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Video: Long-Term Investment

July 31, 2009

Analysis and discussion with Charles Biederman of Advisors Capital Management. He says it gives him the perspective on what goes on, don’t panic and try to figure out what lies ahead. (Taking Stock)

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Video: U.S. Stock Market Recovers

July 31, 2009

Financial, industrial and telecom lead the way higher in S&P 500 and Dow Jones has the best monthly gain since October 2002. (Taking Stock)

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Video Essay: Real estate agent lost millions

July 31, 2009

Carlos Justo is $20 million in debt. He is five months into a massive bankruptcy filing, and the IRS is after him for $6 million, but he is plotting his comeback.

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Video Essay: Real estate agent lost millions

July 31, 2009

Carlos Justo is $20 million in debt. He is five months into a massive bankruptcy filing, and the IRS is after him for $6 million, but he is plotting his comeback. Photojournalist Lynne Skadky explains in this

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Video Essay: Real estate agent lost millions

July 31, 2009

Carlos Justo is $20 million in debt. He is five months into a massive bankruptcy filing, and the IRS is after him for $6 million, but he is plotting his comeback. Photojournalist Lynne Skadky explains in this

Read the full article →

Video Essay: Real estate agent lost millions

July 31, 2009

Carlos Justo is $20 million in debt. He is five months into a massive bankruptcy filing, and the IRS is after him for $6 million, but he is plotting his comeback. Photojournalist Lynne Skadky explains in this

Read the full article →

Commercial real estate sales slide: Property deals down by nearly half in first part of year compared with ’08

July 31, 2009

The selling of distressed commercial real estate is expected to increase in Hawai’i over the next few years, but so far this year buyers and sellers of property from hotels to shopping centers

Read the full article →

Commercial real estate sales slide: Property deals down by nearly half in first part of year compared with ’08

July 31, 2009

The selling of distressed commercial real estate is expected to increase in Hawai’i over the next few years, but so far this year buyers and sellers of property from hotels to shopping centers

Read the full article →

Commercial real estate sales slide: Property deals down by nearly half in first part of year compared with ’08

July 31, 2009

The selling of distressed commercial real estate is expected to increase in Hawai’i over the next few years, but so far this year buyers and sellers of property from hotels to shopping centers

Read the full article →

The week’s 10 best Personal Finance stories

July 31, 2009

The week’s 10 best Personal Finance stories

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‘Stable’ emerges as earnings buzzword

July 31, 2009

‘Stable’ emerges as earnings buzzword

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Diesel’s time has come, but is anybody ready?

July 31, 2009

Diesel’s time has come, but is anybody ready?

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