July 2009

IBM Will Purchase Statistical Software Maker SPSS for $1.2 Billion in Cash

July 28, 2009

By Julie Alnwick and Kelly Riddell July 28 (Bloomberg) — International Business Machines Corp. , the world’s biggest computer-services provider, agreed to buy SPSS Inc. for about $1.2 billion in cash to gain software that helps businesses analyze and predict trends.

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U.S. Steel Forecasts Third-Quarter Loss as Recession Hurts Domestic Demand

July 28, 2009

By Jack Kaskey July 28 (Bloomberg) — U.S. Steel Corp. , the largest U.S.- based steelmaker, forecast a third straight loss for the current quarter as the recession continues to hurt its North American business. All three business segments will report operating losses in the third quarter, as they did in the previous period, because of low operating rates, the cost of keeping plants idled and weak average prices, Pittsburgh-based U.S.

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U.S. Steel Forecasts Third-Quarter Loss as Recession Hurts Domestic Demand

July 28, 2009

By Jack Kaskey July 28 (Bloomberg) — U.S. Steel Corp. , the largest U.S.- based steelmaker, forecast a third straight loss for the current quarter as the recession continues to hurt its North American business. All three business segments will report operating losses in the third quarter, as they did in the previous period, because of low operating rates, the cost of keeping plants idled and weak average prices, Pittsburgh-based U.S

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U.S. Steel Forecasts Third-Quarter Loss as Recession Hurts Domestic Demand

July 28, 2009

By Jack Kaskey July 28 (Bloomberg) — U.S. Steel Corp. , the largest U.S.- based steelmaker, forecast a third straight loss for the current quarter as the recession continues to hurt its North American business

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U.S. Steel Forecasts Third-Quarter Loss as Recession Hurts Domestic Demand

July 28, 2009

By Jack Kaskey July 28 (Bloomberg) — U.S. Steel Corp. , the largest U.S.- based steelmaker, forecast a third straight loss for the current quarter as the recession continues to hurt its North American business. All three business segments will report operating losses in the third quarter, as they did in the previous period, because of low operating rates, the cost of keeping plants idled and weak average prices, Pittsburgh-based U.S

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Deutsche Bank Declines After Provisions for Bad Loans Soar to $1.4 Billion

July 28, 2009

By Aaron Kirchfeld and Jann Bettinga July 28 (Bloomberg) — Deutsche Bank AG set aside 1 billion euros ($1.4 billion) for risky loans in the second quarter, more than analysts estimated, sending the stock to the biggest decline in four months in Frankfurt trading. The seven-fold increase in provisions for bad loans at Germany’s largest bank overshadowed a 68 percent increase in net income to 1.09 billion euros, led by higher revenue from trading bonds and stocks

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Deutsche Bank Declines After Provisions for Bad Loans Soar to $1.4 Billion

July 28, 2009

By Aaron Kirchfeld and Jann Bettinga July 28 (Bloomberg) — Deutsche Bank AG set aside 1 billion euros ($1.4 billion) for risky loans in the second quarter, more than analysts estimated, sending the stock to the biggest decline in four months in Frankfurt trading.

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Deutsche Bank Declines After Provisions for Bad Loans Soar to $1.4 Billion

July 28, 2009

By Aaron Kirchfeld and Jann Bettinga July 28 (Bloomberg) — Deutsche Bank AG set aside 1 billion euros ($1.4 billion) for risky loans in the second quarter, more than analysts estimated, sending the stock to the biggest decline in four months in Frankfurt trading. The seven-fold increase in provisions for bad loans at Germany’s largest bank overshadowed a 68 percent increase in net income to 1.09 billion euros, led by higher revenue from trading bonds and stocks. The Frankfurt-based company predicted a further increase in private and corporate insolvencies

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Deutsche Bank Declines After Provisions for Bad Loans Soar to $1.4 Billion

July 28, 2009

By Aaron Kirchfeld and Jann Bettinga July 28 (Bloomberg) — Deutsche Bank AG set aside 1 billion euros ($1.4 billion) for risky loans in the second quarter, more than analysts estimated, sending the stock to the biggest decline in four months in Frankfurt trading. The seven-fold increase in provisions for bad loans at Germany’s largest bank overshadowed a 68 percent increase in net income to 1.09 billion euros, led by higher revenue from trading bonds and stocks. The Frankfurt-based company predicted a further increase in private and corporate insolvencies. “Deutsche Bank had to significantly increase loan-loss provisions because of the worsening economy, and it won’t get better anytime soon,” said Lutz Roehmeyer , who helps manage about $15.5 billion at Landesbank Berlin Investment in Berlin, including Deutsche Bank shares.

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Home Prices in 20 U.S. Cities Climbed in May From April, Case-Shiller Says

July 28, 2009

By Courtney Schlisserman July 28 (Bloomberg) — Home prices in 20 U.S. metropolitan areas climbed in May from the previous month for the first time in three years, another sign the market is stabilizing. The S&P/Case-Shiller home-price index rose 0.5 percent from April, the first monthly gain since July 2006 and biggest since May of that year, the group said today in New York.

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Home Prices in 20 U.S. Cities Climbed in May From April, Case-Shiller Says

July 28, 2009

By Courtney Schlisserman July 28 (Bloomberg) — Home prices in 20 U.S. metropolitan areas climbed in May from the previous month for the first time in three years, another sign the market is stabilizing. The S&P/Case-Shiller home-price index rose 0.5 percent from April, the first monthly gain since July 2006 and biggest since May of that year, the group said today in New York

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U.S. Consumer Confidence Falls More Than Forecast Amid Rising Joblessness

July 28, 2009

By Shobhana Chandra July 28 (Bloomberg) — Confidence among U.S. consumers fell more than forecast in July, reinforcing concern that mounting joblessness will hurt households. The Conference Board’s confidence index dropped to 46.6, a second consecutive decline, following a reading of 49.3 in June, a report from the New York-based group showed today.

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U.S. Consumer Confidence Falls More Than Forecast Amid Rising Joblessness

July 28, 2009

By Shobhana Chandra July 28 (Bloomberg) — Confidence among U.S. consumers fell more than forecast in July, reinforcing concern that mounting joblessness will hurt households. The Conference Board’s confidence index dropped to 46.6, a second consecutive decline, following a reading of 49.3 in June, a report from the New York-based group showed today. The figure reached a record low of 25.3 in February.

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QUIZ: Using Social Networking for Business

July 28, 2009

Test your social networking smarts and learn more about this rapidly growing way to connect with clients.

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MLS RETS Compliance

July 28, 2009

Don’t forget – the MLS Real Estate Transaction Standard (RETS) compliance requirement was moved to December 2009, after MLS Board Policy review at this year’s NAR Midyear Meeting.

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Still Time! Nominate a REALTOR® for Technology Spotlight Award Through August 31

July 28, 2009

Know a REALTOR® whose outstanding use of technology makes a real difference in the business? Recognize them! Nominations open through August 31, 2009.

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• Profit from commercial real estate's fall

July 28, 2009

better positioned to take advantage of the downturn. NEW YORK (Fortune) — Trouble is brewing in the commercial real estate market, with everyone from building owners to Ben Bernanke wondering if we’re in for ‘Real Estate Nightmare, Part 2.’ Nearly every

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Download REALTOR® Magazine’s Social Media Webinar

July 28, 2009

Listen to a July 16 webinar where experts walk you through understanding the key tools and concepts in the latest social media technology.

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HearAtLast Appoints Louis Isabella as New Chief Financial Officer

July 28, 2009

MISSISSAUGA, ON–(Marketwire – July 28, 2009) – ( PINKSHEETS : HRAL ) HearAtLast Holdings, Inc., a leading provider of suitable affordable solutions to clients with hearing needs in the billion dollar hearing loss market, announced today the appointment of Louis Isabella as the new CFO of the company.

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Gregory W. Quick Joins HomeBanc as Senior Vice President, Chief Operations Officer

July 28, 2009

TAMPA, FL–(Marketwire – July 28, 2009) – Tampa-based HomeBancorp, Inc. has named Gregory W.

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Gregory W. Quick Joins HomeBanc as Senior Vice President, Chief Operations Officer

July 28, 2009

TAMPA, FL–(Marketwire – July 28, 2009) – Tampa-based HomeBancorp, Inc. has named Gregory W

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Charlie Cray: Yes We Can Make Wall Street Pay for its Own Bailouts

July 28, 2009

It may be that everyone’s attention was diverted to health care reform, along with the right-wing echo chamber’s indifference to an idea it doesn’t take seriously, but for whatever reason, The Wall Street Journal’s Damian Paletta was the only msm reporter to pick up on Obama’s suggestion that the administration might “assess new fees against financial companies engaging in what he labeled “far-out transactions,” in order to protect taxpayers from future bailouts.” Obama suggested in his July 22nd press briefing: “We were on the verge of a complete financial meltdown…because Wall Street took extraordinary risks with other people’s money…And all of us now are paying the price…The problem is, now that the financial system has bounced back… we haven’t seen…the kind of change in behavior and practices on Wall Street that would ensure that we don’t find ourselves in a fix again where we’ve got to bail out these folks while they’re taking huge risks and taking huge bonuses.” “So what do I think we need to do? We’ve got to pass financial regulatory reform…The fact of the matter is that if we don’t pass financial regulatory reform then banks are going to go back to the same things that they were doing before.

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Viacom Profit Falls 32% In 2Q

July 28, 2009

NEW YORK — Viacom Inc. said Tuesday its second-quarter profit tumbled 32 percent as revenue fell amid a weak advertising market, slower video game sales and lower box-office results.

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Michael Lewis Takes On Goldman Sachs In Bloomberg Column

July 28, 2009

July 28 (Bloomberg) — From the moment I left Yale and started working for Goldman Sachs, I’ve felt uneasy interacting with those who don’t. It’s not that I think less of Goldman outsiders than I did while I remained among you

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Billion For COPS To Be Given Out By Obama Administration

July 28, 2009

WASHINGTON — The Obama administration will dole out $1 billion in aid to help cities and states keep police officers on the beat during the economic downturn – but most of those who sought the help will be disappointed. The aid is just a fraction of what police departments across the country had hoped to get. For every $1 to be delivered, another $7 in requests will go unanswered under the grant program, Community Oriented Policing Services, commonly called COPS

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Hitachi suffers $868m loss in Q2

July 28, 2009

Hitachi suffers $868m loss in Q2

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BP achieves 71% rise in Q2 profit

July 28, 2009

BP achieves 71% rise in Q2 profit

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BP achieves 71% rise in Q2 profit

July 28, 2009

BP achieves 71% rise in Q2 profit

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Canon’s Q2 profits sink by 86%

July 28, 2009

Canon’s Q2 profits sink by 86%

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Canon’s Q2 profits sink by 86%

July 28, 2009

Canon’s Q2 profits sink by 86%

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IBM to buy SPSS in $1.2 billion cash deal

July 28, 2009

IBM to buy SPSS in $1.2 billion cash deal

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IBM to buy SPSS in $1.2 billion cash deal

July 28, 2009

IBM to buy SPSS in $1.2 billion cash deal

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Supervalu’s quarterly profit falls 30%

July 28, 2009

Supervalu’s quarterly profit falls 30%

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Supervalu’s quarterly profit falls 30%

July 28, 2009

Supervalu’s quarterly profit falls 30%

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Ambac warns of expected $1.3 billion loss

July 28, 2009

Ambac warns of expected $1.3 billion loss

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Office Depot posts wider-than-expected loss

July 28, 2009

Office Depot posts wider-than-expected loss

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Office Depot posts wider-than-expected loss

July 28, 2009

Office Depot posts wider-than-expected loss

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Waning confidence is a warning for stocks

July 28, 2009

Waning confidence is a warning for stocks

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Waning confidence is a warning for stocks

July 28, 2009

Waning confidence is a warning for stocks

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McKesson profit jumps thanks to cost controls

July 28, 2009

McKesson profit jumps thanks to cost controls

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McKesson profit jumps thanks to cost controls

July 28, 2009

McKesson profit jumps thanks to cost controls

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U.S. Steel posts a loss, warns of another

July 28, 2009

U.S. Steel posts a loss, warns of another

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U.S. Steel posts a loss, warns of another

July 28, 2009

U.S. Steel posts a loss, warns of another

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SEC sues over alleged $197 million mortgage fraud

July 28, 2009

SEC sues over alleged $197 million mortgage fraud

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SEC sues over alleged $197 million mortgage fraud

July 28, 2009

SEC sues over alleged $197 million mortgage fraud

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BRS Announces Profit for 3rd Quarter FY 09

July 28, 2009

BRS Announces Profit for 3rd Quarter FY 09

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BRS Announces Profit for 3rd Quarter FY 09

July 28, 2009

BRS Announces Profit for 3rd Quarter FY 09

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Michael W. Gillies Named Ronn Motor Company’s Senior Vice President-Strategic Business Development

July 28, 2009

AUSTIN, TX–(Marketwire – July 28, 2009) – Ronn Motor Company, Inc. ( PINKSHEETS : RNNM ) announced today it has hired Michael Gillies, a seasoned executive, to further enhance its executive management team. Reporting directly to the CEO, Mr.

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Michael W. Gillies Named Ronn Motor Company’s Senior Vice President-Strategic Business Development

July 28, 2009

AUSTIN, TX–(Marketwire – July 28, 2009) – Ronn Motor Company, Inc. ( PINKSHEETS : RNNM ) announced today it has hired Michael Gillies, a seasoned executive, to further enhance its executive management team. Reporting directly to the CEO, Mr

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Wanderport Corporation Announces Mr. Robert Simoneau as Head of Technological Research and Development

July 28, 2009

NEW YORK, NY–(Marketwire – July 28, 2009) – Wanderport Corp. ( PINKSHEETS : WDRP ) announced today the addition of Mr. Robert Simoneau to the advisory board of Wanderport Corporation. Mr.

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