July 2009

Sprint Nextel Loss Widens as Wireless Contract Customers Defect to IPhone

July 29, 2009

By Amy Thomson July 29 (Bloomberg) — Sprint Nextel Corp. , the third- largest U.S

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Goldman Sachs Says Attempts to Reduce Speculation Could Disrupt Markets

July 29, 2009

By Tina Seeley July 29 (Bloomberg) — Goldman Sachs Group Inc. , the bank that makes the most money from commodities, fixed-income and currency trading, said attempts to curb speculation may be “disruptive” to markets.

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Germany Asserts Right to Reject Buyer for GM’s Opel Unit, Risking Clash

July 29, 2009

By Tony Czuczka and Andreas Cremer July 29 (Bloomberg) — Germany’s government asserted its right to reject any buyer for General Motors Co .’s Opel unit, increasing the risk of trans-Atlantic friction as Chancellor Angela Merkel seeks to protect jobs before September elections. A successful bid needs the backing of Germany’s federal government and the four German states where Opel has plants, because without German aid “the sale is not sustainable,” Ulrich Wilhelm , Merkel’s chief spokesman, told reporters in Berlin today. “An agreement by GM with one of the two remaining investors would not be enough,” Wilhelm said.

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Stocks in U.S. Decline as Chinese Shares, Commodities Tumble; Alcoa Falls

July 29, 2009

By Lynn Thomasson July 29 (Bloomberg) — U.S. stocks fell for a second day as plunging Chinese shares and commodities stoked speculation that the surge in equities has outpaced a rebound in the economy

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Google Challenged by Microsoft Accord With Yahoo in Internet Search Battle

July 29, 2009

By Brian Womack and Dina Bass July 29 (Bloomberg) — Microsoft Corp. and Yahoo! Inc. agreed to collaborate on Internet search and online advertising, creating a united front to challenge Google Inc.

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U.S. Durable Goods Orders, Excluding Cars and Planes, Unexpectedly Advance

July 29, 2009

By Bob Willis July 29 (Bloomberg) — Orders for U.S. durable goods, excluding automobiles and aircraft, unexpectedly gained in June, signaling that manufacturing may expand in the second half of the year. Excluding transportation equipment, orders for goods meant to last several years climbed 1.1 percent, the most in four months, the Commerce Department said today in Washington. Total orders fell 2.5 percent, the first decrease in three months.

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SEC Acted Properly In Stanford Investigation: Watchdog

July 29, 2009

WASHINGTON — The Securities and Exchange Commission had been actively investigating the banking business of billionaire R. Allen Stanford for more than three years before Bernard Madoff’s Ponzi scheme came to light last December and has fulfilled its duty to pursue alleged wrongdoing by the financier, the agency’s inspector general has found. The SEC’s decision to halt its investigation of Stanford in April 2008 came in response to a request by the Justice Department, and the agency didn’t breach its obligation, according to a report by the office of Inspector General David Kotz. The office looked into the matter after receiving complaints that the SEC should have acted more quickly and aggressively to detect and shut down Stanford’s alleged $7 billion Ponzi scheme – portrayed by authorities as a major swindle in its own right yet eclipsed by Madoff’s sprawling fraud estimated to have cost thousands of investors, foundations and banks worldwide at least $13 billion

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Dozens Arrested In Medicare Fraud Busts Across US

July 29, 2009

MIAMI — Federal authorities arrested 30 people, including doctors, and were seeking others in a major Medicare fraud bust Wednesday in New York, Louisiana, Boston and Houston, targeting scams such as “arthritis kits” – expensive braces that many patients never used. More than 200 agents worked on the $16 million bust that included 12 search warrants at health care businesses and homes across the Houston area, where 27 were arrested. Federal authorities say those businesses were giving patients “arthritis kits,” which were nothing more than expensive orthotics that included knee and shoulder braces and heating pads. Patients told authorities they were unnecessary and many never even received them

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"Bizmore": Michael Milken Launches New Business Advice Site

July 29, 2009

As Forbes, Fortune, Business Week and other management magazines wither away, another business media start-up with an unusual pedigree is moving to fill the void.

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"Bizmore": Michael Milken Launches New Business Advice Site

July 29, 2009

As Forbes, Fortune, Business Week and other management magazines wither away, another business media start-up with an unusual pedigree is moving to fill the void.

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SCG International Hires Andrew Blong as Vice President of Finance

July 29, 2009

Leading Security and Risk Management Company Brings Industry Executive On-Board to Lead Finance, Investment and Business Management Efforts

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SCG International Hires Andrew Blong as Vice President of Finance

July 29, 2009

Leading Security and Risk Management Company Brings Industry Executive On-Board to Lead Finance, Investment and Business Management Efforts

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Beyond Commerce, Inc. Holds Annual Shareholders Meeting Friday, July 24, 2009, at the M Resort in Henderson, Nevada

July 29, 2009

HENDERSON, NV–(Marketwire – July 29, 2009) – Beyond Commerce, Inc. ( OTCBB : BYOC ), www.beyondcommerce.com , an E-commerce solutions, local advertising and niche social networking company, is pleased to announce the results of its annual shareholder meeting, which took place Friday, July 24, 2009 at the M Resort, in Henderson, Nevada. Mark V. Noffke, Chief Financial Officer of Beyond Commerce, reported that in excess of 38 million shares had voted, out of 45,036,760 shares eligible to vote as of the record date, June 12, 2009, representing approximately 84% of the total, constituting a Quorum.

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Aster Data Systems Appoints Mark Cranney as Executive Vice President of Worldwide Field Operations

July 29, 2009

Former Opsware/HP Sales Executive to Further Accelerate Company Growth Through Worldwide Sales Operations

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Financial-products pitches sell hope, push hype

July 29, 2009

Financial-products pitches sell hope, push hype

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Day Software Revenue Leaps 33% in First Half 2009

July 29, 2009

Day Software Revenue Leaps 33% in First Half 2009

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Tanning Beds Deemed as Certain to Cause Cancer as Smoking, Researchers Say

July 29, 2009
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Tanning Beds Deemed as Certain to Cause Cancer as Smoking, Researchers Say

July 29, 2009
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Senators Claim Progress on Health Overhaul as House Cost Disputes Persist

July 29, 2009

By Laura Litvan and Catherine Dodge July 29 (Bloomberg) — Senators negotiating a plan to overhaul the U.S.

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Senators Claim Progress on Health Overhaul as House Cost Disputes Persist

July 29, 2009

By Laura Litvan and Catherine Dodge July 29 (Bloomberg) — Senators negotiating a plan to overhaul the U.S. health-care system said they are closer to a deal even as House Democratic leaders signaled they will likely miss a deadline to vote before a month-long recess.

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Pregnant Women Account for One of Eight Swine Flu Fatalities, Lancet Says

July 29, 2009

By Jason Gale July 29 (Bloomberg) — Swine flu in pregnancy can cause life-threatening disease and warrants treatment with antiviral drugs as soon as possible, a study in the medical journal Lancet found. The study, to be published in the Aug

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Pregnant Women Account for One of Eight Swine Flu Fatalities, Lancet Says

July 29, 2009

By Jason Gale July 29 (Bloomberg) — Swine flu in pregnancy can cause life-threatening disease and warrants treatment with antiviral drugs as soon as possible, a study in the medical journal Lancet found. The study, to be published in the Aug. 8 issue, found about one in eight people who died after contracting the new virus was pregnant

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Goldman Cuts U.S. Government Borrowing Estimate by 28% as Economy Improves

July 29, 2009

By Wes Goodman July 29 (Bloomberg) — Goldman Sachs Group Inc. said the U.S. will sell about $2.9 trillion of debt in the two years ending September 2010, cutting its estimate for Treasury auctions by 28 percent as the economy improves. President Barack Obama will sell a net $1.9 trillion of debt in the current fiscal year that ends Sept

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Honda, Nissan Earnings Beat Estimates as Governments Offer Aid to Buyers

July 29, 2009

By Makiko Kitamura and Kiyori Ueno July 29 (Bloomberg) — Honda Motor Co. and Nissan Motor Co., Japan’s second- and third-largest carmakers, posted earnings that beat estimates as costs fell and governments offered drivers incentives to buy new autos. Honda raised its forecast after net income in the first quarter dropped 96 percent to 7.5 billion yen ($79 million) compared with a 40 billion yen loss forecast by analysts

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Honda, Nissan Earnings Beat Estimates as Governments Offer Aid to Buyers

July 29, 2009

By Makiko Kitamura and Kiyori Ueno July 29 (Bloomberg) — Honda Motor Co. and Nissan Motor Co., Japan’s second- and third-largest carmakers, posted earnings that beat estimates as costs fell and governments offered drivers incentives to buy new autos. Honda raised its forecast after net income in the first quarter dropped 96 percent to 7.5 billion yen ($79 million) compared with a 40 billion yen loss forecast by analysts

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Microsoft, Yahoo Said to Be Near Accord to Challenge Google in Web Search

July 29, 2009

By Dina Bass and Brian Womack July 29 (Bloomberg) — Microsoft Corp. and Yahoo! Inc. are getting closer to signing an Internet-search partnership to challenge market leader Google Inc., a person familiar with the matter said. An agreement may be announced as soon as today, said the person, who declined to be identified because the talks are private

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Microsoft, Yahoo Said to Be Near Accord to Challenge Google in Web Search

July 29, 2009

By Dina Bass and Brian Womack July 29 (Bloomberg) — Microsoft Corp. and Yahoo! Inc. are getting closer to signing an Internet-search partnership to challenge market leader Google Inc., a person familiar with the matter said. An agreement may be announced as soon as today, said the person, who declined to be identified because the talks are private.

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China Sparks Drop in Emerging-Market Stocks; Oil, Commodities, Ruble Fall

July 29, 2009

By Gavin Serkin and Laura Cochrane July 29 (Bloomberg) — Chinese stocks plunged the most in eight months, dragging emerging markets lower, on concern this year’s rally has outpaced prospects for earnings growth. Oil led a drop in commodities

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China Sparks Drop in Emerging-Market Stocks; Oil, Commodities, Ruble Fall

July 29, 2009

By Gavin Serkin and Laura Cochrane July 29 (Bloomberg) — Chinese stocks plunged the most in eight months, dragging emerging markets lower, on concern this year’s rally has outpaced prospects for earnings growth. Oil led a drop in commodities. The Shanghai Composite Index fell 5 percent, its biggest decline since Nov

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Daimler Forecasts Profitability to Improve After Posting $1.5 Billion Loss

July 29, 2009

By Chris Reiter July 29 (Bloomberg) — Daimler AG , the world’s second- largest maker of luxury cars, forecast a “gradual improvement” in operating profit after posting a third consecutive quarterly loss as the recession hurt sales of its Mercedes-Benz models.

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Daimler Forecasts Profitability to Improve After Posting $1.5 Billion Loss

July 29, 2009

By Chris Reiter July 29 (Bloomberg) — Daimler AG , the world’s second- largest maker of luxury cars, forecast a “gradual improvement” in operating profit after posting a third consecutive quarterly loss as the recession hurt sales of its Mercedes-Benz models. The net loss was 1.06 billion euros ($1.5 billion), or 99 cents a share, compared with a profit of 1.4 billion euros, or 1.40 euros, a year earlier, the Stuttgart, Germany-based company said today in a statement. The loss was narrower than the 1.14 billion-euro median loss estimate of seven analysts surveyed by Bloomberg News. Revenue fell 25 percent to 19.6 billion euros

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Lycera Adds Prominent Pharmaceutical Scientist and Executive to Board of Directors

July 29, 2009

ANN ARBOR, MI–(Marketwire – July 29, 2009) – Lycera Corp. today announced that Robert Kamen, Ph.D., biotech consultant and past president of Abbott Bioresearch Center will join the company’s Board of Directors. Lycera, which recently announced a $36 million Series A financing, is developing novel small-molecule pharmaceuticals to treat autoimmune diseases such as rheumatoid arthritis and inflammatory bowel disease. “Bob brings both a deep understanding of the science at the core of Lycera’s work and a long track record of success in drug discovery and development,” said Dr.

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Hamptons’ Blue Parrot Dive Bar; Surf Lodge’s $26 Lobster Roll: Food Buzz

July 29, 2009
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If Champagne Is Out, Try These Sparkling Wines for Summer: Richard Vines

July 29, 2009
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Let Us Work Naked or Crank Up Air Conditioning: William Pesek

July 29, 2009
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Pregnancy Raises Risk of Life-Threatening Disease From H1N1, Study ShowsP

July 29, 2009
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Pregnancy Raises Risk of Life-Threatening Disease From H1N1, Study ShowsP

July 29, 2009
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Hyundai Is Cheap to Gartmore as Investors Ferret Out Bargains Among BRICs

July 29, 2009

By Michael Patterson and Alexander Ragir July 29 (Bloomberg) — Emerging-market shoppers are on their biggest spending spree in 4 1/2 years, driving up shares of consumer-goods makers and retailers and sending money managers in search of remaining bargains. Hyundai Motor Co

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Hyundai Is Cheap to Gartmore as Investors Ferret Out Bargains Among BRICs

July 29, 2009

By Michael Patterson and Alexander Ragir July 29 (Bloomberg) — Emerging-market shoppers are on their biggest spending spree in 4 1/2 years, driving up shares of consumer-goods makers and retailers and sending money managers in search of remaining bargains. Hyundai Motor Co. , the Seoul-based maker of Elantra Yuedong sedans in China, is cheap trading at 12 times next year’s profit estimates, less than half the level of Germany’s Daimler AG, Gartmore Investment Management Ltd

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Japan’s Retail Sales Fall 3%, Extending Longest Losing Streak in Six Years

July 29, 2009

By Toru Fujioka July 29 (Bloomberg) — Japan’s retail sales fell for a 10th month in June, extending the longest losing streak since 2003 as job losses and wage cuts forced households to trim spending. Sales slid 3 percent from a year earlier, the Trade Ministry said today in Tokyo

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Japan’s Retail Sales Fall 3%, Extending Longest Losing Streak in Six Years

July 29, 2009

By Toru Fujioka July 29 (Bloomberg) — Japan’s retail sales fell for a 10th month in June, extending the longest losing streak since 2003 as job losses and wage cuts forced households to trim spending. Sales slid 3 percent from a year earlier, the Trade Ministry said today in Tokyo. Economists surveyed by Bloomberg News predicted a 2.5 percent drop. The retail slump indicates consumers, whose spending accounts for more than half of the economy, are unlikely to contribute to a recovery as employment prospects worsen.

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Islamic Finance Key to Asia’s Economic Revival, Kuwait Finance House Says

July 29, 2009

By Katrina Nicholas July 29 (Bloomberg) — Islamic finance will play a central role in reviving Asian economies as investors look to emerging markets to deliver higher returns than the U.S. and Europe, according to Kuwait Finance House . Demand for investments backed by tangible assets like power plants and property grew after banks outside of Asia were hit hardest by the global financial crisis, Baljeet Grewal , managing director of the second-biggest Islamic bank’s research unit, said in a phone interview from Kuala Lumpur yesterday. “Islamic finance is no longer on the periphery and so any crisis which impacts the global economy will of course impact it,” Grewal said

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El Nino May Ease Worst Texas Drought in 90 Years, Cut Florida Storm Risks

July 29, 2009

By Shruti Date Singh July 29 (Bloomberg) — The return of an El Nino climate pattern to the Pacific Ocean may relieve the worst Texas drought in 90 years and may reduce the threat of hurricanes ravaging orange groves in Florida. El Nino, characterized by warming waters in the Pacific, “could bring relief” in the fall and winter to Texas, where farms are suffering from the lack of rain , the National Weather Service said July 16. The El Nino will last through the Northern Hemisphere winter and into 2010, presaging winter storms in the Southwest and a reduction in Atlantic hurricanes, the U.S

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Lights Go Out in New Delhi as Billionaire Ambani Brothers Continue Feuding

July 29, 2009

By Abhay Singh July 29 (Bloomberg) — About 50 kilometers (31 miles) east of New Delhi, along a rutted dirt track through fields of corn and barley, lies an empty plot of land where a power plant was supposed to have stood, pumping electricity to alleviate blackouts in India’s capital. Instead, there are rows of freshly planted saplings, two rusting corrugated metal sheds and a sign on one of them reading, “Reliance Energy Generation Ltd.” The plant is four years late and a victim of a corporate feud between India’s richest resident billionaires, Mukesh Ambani , 52, and his brother Anil , 50. The two split the Reliance group in 2005 following a fight for control, three years after their father and the company’s founder, Dhirubhai Ambani , died without leaving a will. The conflict has persisted with a legal spat over supply of gas from Mukesh’s company that Anil’s plant needs

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Countrywide Alumni Seek Profits at PennyMac From Mortgage Market Collapse

July 29, 2009

By Elizabeth Stanton July 29 (Bloomberg) — PennyMac Mortgage Investment Trust, which plans to raise $400 million in a stock offering today, is betting that the people who helped create the housing crisis will know how to profit from the cleanup. Chief Executive Officer Stanford L

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Wells Fargo’s Wachovia Purchase Kindles New Passion for Investment Banking

July 29, 2009

By Ari Levy July 29 (Bloomberg) — Wells Fargo & Co.’s $12.7 billion purchase of Wachovia Corp., meant to bolster deposits and mortgage operations, has deepened the company’s commitment to investment banking as corporate stock and bond sales surge. Wells Fargo ranked 13th in the second quarter among underwriters of U.S.

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Wells Fargo’s Wachovia Purchase Kindles New Passion for Investment Banking

July 29, 2009

By Ari Levy July 29 (Bloomberg) — Wells Fargo & Co.’s $12.7 billion purchase of Wachovia Corp., meant to bolster deposits and mortgage operations, has deepened the company’s commitment to investment banking as corporate stock and bond sales surge. Wells Fargo ranked 13th in the second quarter among underwriters of U.S. bonds and 10th in global equity offerings, according to data compiled by Bloomberg

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Clinton Enlists Chinese Support on Nuclear Disputes With Iran, North Korea

July 29, 2009

By Indira A.R.

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Car Bomb Explodes in Spanish City of Burgos, Official Says; 40 People Hurt

July 29, 2009

By Paul Tobin and Emma Ross-Thomas July 29 (Bloomberg) — A bomb packed into a van exploded outside the family quarters of a police barracks in the Spanish city of Burgos today, injuring more than 40 people, an Interior Ministry official said. The van was packed with a “very significant” amount of explosives and terrorist group ETA was suspected, said the official, who declined to be named in line with policy. All the injuries were mild, he said.

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Commercial Property Lending Gets Jumpstart With $3 Billion in TALF Deals

July 29, 2009

By Hui-yong Yu and Sarah Mulholland July 29 (Bloomberg) — Commercial property companies may sell about $3 billion of mortgage-backed bonds starting in September as part of the government’s program to revive lending for shopping malls, skyscrapers and hotels. More than a dozen real estate investment trusts are likely to participate in the Federal Reserve’s Term Asset-Backed Securities Loan Facility, or TALF, said Steven Wechsler , chief executive officer of the National Association of Real Estate Investment Trusts

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