July 2009

Japan’s Jobless Rate Increases to Six-Year High, Damping Recovery Optimism

July 30, 2009

By Toru Fujioka

Read the full article →

Fitch: Assignment of Ventras Capital Advisors Will Not Impact Various Capmark CRE & SF CDO Ratings

July 30, 2009

- Fitch Ratings has reviewed Ventras Capital Advisors LLC (Ventras) as a potential replacement collateralized debt obligation (CDO) asset manager for the following commercial real estate and diversified structured finance CDOs currently affiliated with

Read the full article →

Delphi’s Modified Plan of Reorganization Confirmed by Bankruptcy Court

July 30, 2009

TROY, MI–(Marketwire – July 30, 2009) – Delphi Corp. ( PINKSHEETS : DPHIQ ) announced today that the Honorable Judge Robert D. Drain of the United States Bankruptcy Court for the Southern District of New York entered an order confirming the First Amended Joint Plan of Reorganization, as modified, of Delphi Corporation and certain of its affiliates. The Court ruled that Delphi had met all of the statutory requirements to confirm its Plan, as modified.

Read the full article →

SciClone Pharmaceuticals Announces Appointment of Jon S. Saxe as Chairman of Board of Directors

July 30, 2009

FOSTER CITY, CA–(Marketwire – July 30, 2009) – SciClone Pharmaceuticals, Inc.

Read the full article →

SciClone Pharmaceuticals Announces Appointment of Jon S. Saxe as Chairman of Board of Directors

July 30, 2009

FOSTER CITY, CA–(Marketwire – July 30, 2009) – SciClone Pharmaceuticals, Inc. ( NASDAQ : SCLN ) today announced that Dean S. Woodman, current Chairman of the Board of Directors, is stepping down from that role while continuing as a board member. Jon S.

Read the full article →

U.S., U.K. Budget Gaps to Lead G-20 This Year, IMF Staff Says

July 30, 2009

By Sandrine Rastello and Alison Sider July 30 (Bloomberg) — The budget deficits of the U.S. and U.K. will be the largest this year of the world’s top 20 advanced and emerging economies and clear exit strategies are needed to ease investor concerns, an International Monetary Fund staff report said

Read the full article →

Cinema Stock Surge May Let Redstone Keep More Theaters: Chart of the Day

July 30, 2009

By Andy Fixmer and Rodney Yap July 30 (Bloomberg) — Sumner Redstone , chairman of Viacom Inc. and CBS Corp., may have an easier time digging out of debt because of the surging shares of movie-theater companies

Read the full article →

Taser’s Smith Says Video System on Weapons May Reduce Legal Costs by Half

July 30, 2009

By Meg Tirrell July 30 (Bloomberg) — Taser International Inc. , the world’s largest maker of stun guns, may cut its litigation costs in half with a video-recording system it plans to start selling by early 2010, Chairman Tom Smith said. The Scottsdale, Arizona-based company estimates its $1.5 million in quarterly legal fees may fall over the next three to four years “just by video being present” at crime scenes, the co-founder said in an interview in New York yesterday

Read the full article →

U.K. Entices Speculators to Trade Power as Brown Bemoans Oil Price Swings

July 30, 2009

By Lars Paulsson

Read the full article →

House Denies Funding for More F-22 Fighter Jets, Signaling End to Debate

July 30, 2009

By Tony Capaccio July 30 (Bloomberg) — The U.S. House today voted to block funding for more Lockheed Martin Corp. F-22 jets. The action likely ends congressional debate over continuing F-22 production, which the Obama administration opposes

Read the full article →

Senate Health-Care Bill Deal Won’t Be Reached by August Recess, Enzi Says

July 30, 2009

By Laura Litvan and Kristin Jensen July 30 (Bloomberg) — One of three Republican senators working on bipartisan health-care legislation said he won’t agree to a plan before the Senate adjourns next week, setting back the measure’s progress even as it advanced in the House. “The bill is not ready for prime time, so I don’t know of any way it can be completed today or next week or before the August break,” Senator Mike Enzi , a Wyoming Republican and member of the finance committee, told reporters after leaving a meeting of Republicans. “There’s a train wreck that’s going to happen” if Democrats keep pushing for faster results, he said. Enzi’s comments matter because the finance committee is the only panel trying to fashion a plan that both parties can embrace to cover millions of uninsured Americans and curb health-care costs

Read the full article →

Air France Loss Bigger Than Estimated on Drop in Passenger Traffic, Cargo

July 30, 2009

By Andrea Rothman July 30 (Bloomberg) — Air France-KLM Group , Europe’s biggest airline, posted a first-quarter loss as the recession wreaked havoc on passenger traffic, fares and cargo handling.

Read the full article →

Deutsche Bank Says Dalinc Ariburnu of Global Markets Unit Decides to Leave

July 30, 2009

By Jacqueline Simmons and Aaron Kirchfeld July 30 (Bloomberg) — Deutsche Bank AG said Dalinc Ariburnu , global head of emerging markets at the securities unit, has left after a decade at the Frankfurt-based company. Ariburnu, 39, will join Goldman Sachs Group Inc. as a partner and head of fixed-income and currency sales in Europe, the Middle East and Africa, said two people familiar with the matter, who declined to be identified before an announcement.

Read the full article →

Banks Getting Aid Paid Total of $32.6 Billion in 2008 Bonuses, Cuomo Says

July 30, 2009

By Karen Freifeld July 30 (Bloomberg) — Citigroup Inc. , Merrill Lynch & Co. and seven other U.S.

Read the full article →

Stocks in U.S. Rally After Treasuries Auction; Motorola, MasterCard Gain

July 30, 2009

By Lynn Thomasson July 30 (Bloomberg) — U.S. stocks rose and the Standard & Poor’s 500 Index approached a nine-month high as companies from Motorola Inc. to MasterCard Inc

Read the full article →

Steven M. Klein Named to Board of Directors of Middlesex Water Company

July 30, 2009

ISELIN, NJ–(Marketwire – July 30, 2009) – Steven M. Klein, Executive Vice President and Chief Financial Officer of Northfield Bancorp, Inc. ( NASDAQ : NFBK ), has been named to the Board of Directors of Middlesex Water Company ( NASDAQ : MSEX ), a provider of water and wastewater and related services in New Jersey and Delaware. Mr.

Read the full article →

Sara Nemerov Named Senior Vice President of Consumer Products and Brand Licensing at Frank Sinatra Enterprises and Rhino Entertainment

July 30, 2009

LOS ANGELES, CA–(Marketwire – July 30, 2009) – Sara Nemerov has been hired as Senior Vice President of Consumer Products and Brand Licensing at Frank Sinatra Enterprises and Rhino Entertainment. She will be charged with handling the consumer products program for Frank Sinatra Enterprises, and similarly for Rhino-affiliated artists.

Read the full article →

Sara Nemerov Named Senior Vice President of Consumer Products and Brand Licensing at Frank Sinatra Enterprises and Rhino Entertainment

July 30, 2009

LOS ANGELES, CA–(Marketwire – July 30, 2009) – Sara Nemerov has been hired as Senior Vice President of Consumer Products and Brand Licensing at Frank Sinatra Enterprises and Rhino Entertainment. She will be charged with handling the consumer products program for Frank Sinatra Enterprises, and similarly for Rhino-affiliated artists

Read the full article →

Steve Klein Joins CoActiv Capital Partners Canada as President

July 30, 2009

HORSHAM, PA–(Marketwire – July 30, 2009) – CoActiv Capital Partners (CoActiv), a Marubeni Group Company, appointed Mr. Steve Klein as President of its Canadian division, CoActiv Capital Partners Canada. Mr. Klein brings vast experience as a business leader in commercial finance with him to CoActiv.

Read the full article →

Peugeot Citroen posts $1.37b loss in H1

July 30, 2009

Peugeot Citroen posts $1.37b loss in H1

Read the full article →

Nightingale reports fiscal 2009 results

July 30, 2009

Nightingale reports fiscal 2009 results

Read the full article →

The Happiness Realization Party of Japan Introduces Its New President

July 30, 2009

Ryuho Okawa, Leader of the Religious Organization Happy Science, Becomes President of the Party

Read the full article →

The Happiness Realization Party of Japan Introduces Its New President

July 30, 2009

Ryuho Okawa, Leader of the Religious Organization Happy Science, Becomes President of the Party

Read the full article →

Glenfiddich Releases 50-Year-Old Scotch, Second-Most Expensive at $16,000

July 30, 2009
Read the full article →

Audi’s Genre-Bending $38,000 Q5 Gives Sedan Ride to SUV Mob: Jason Harper

July 30, 2009
Read the full article →

Beer Offers More Than Obama’s Race Walkback: Margaret Carlson

July 30, 2009
Read the full article →

Las Vegas, Fort Myers, Florida, Leading U.S. Metro Areas in Foreclosures

July 30, 2009

By Brian Louis July 30 (Bloomberg) — Las Vegas and Cape Coral-Fort Myers, Florida led U.S. metropolitan areas in foreclosures in the first half of the year as unemployment and falling home prices forced home-loan defaults, RealtyTrac Inc . said. The Las Vegas area had the highest rate of foreclosure filings, with 7.5 percent of households receiving a default or auction notice or being seized by a lender.

Read the full article →

Buffett Loses to Desmarais as Power Exceeds Berkshire Return

July 30, 2009

By Lisa Kassenaar

Read the full article →

Deripaska `Very Close’ to Alfa Accord to Revise Terms on $800 Million Debt

July 30, 2009

By Maria Kolesnikova and Denis Maternovsky July 30 (Bloomberg) — Russian billionaire Oleg Deripaska ’s Basic Element unit is “very close” to agreeing with Alfa Group on revising terms of $800 million of debt as he steps up efforts to restructure part of the $20 billion owed by his companies.

Read the full article →

Americans Concerned That Health Plan May Erode Quality of Care, Poll Finds

July 30, 2009

By Heidi Przybyla July 30 (Bloomberg) — The prospect of a government-created system that provides health care to all Americans raises concerns among the public about quality of care, costs, and the effect on medical options, a New York Times/CBS News poll found. A Wall Street Journal/NBC News survey, meanwhile, found that more people disapprove of the way President Barack Obama is dealing with the health-care issue than approve of his efforts. According to the poll, 46 percent disapprove of his handling of the matter while 41 approve. The two polls were conducted as Congress struggled to craft legislation that would meet Obama’s goals of expanding health care to most of the estimated 46 million Americans without health insurance while not increasing the federal budget deficit

Read the full article →

U.S. Mortgage Rates Rise to 5.25% in Second Weekly Gain, Freddie Mac Says

July 30, 2009

By Brian Louis July 30 (Bloomberg) — Mortgage rates in the U.S. rose for a second consecutive week, threatening a potential revival in home sales as higher borrowing costs made homes less affordable

Read the full article →

Motorola Climbs After Quarterly Loss Is Narrower Than Analysts Predicted

July 30, 2009

By Hugo Miller July 30 (Bloomberg) — Motorola Inc. , the biggest U.S. mobile-phone maker, jumped the most in nine months after posting a narrower second-quarter loss than analysts projected, helped by job cuts and a recovery in handset shipments. The loss , excluding some costs, was 1 cent a share, Schaumburg, Illinois-based Motorola said today in a statement.

Read the full article →

BlackRock Buying `Bizarre’ U.K. Inflation Bonds, TIPS on Stimulus Measures

July 30, 2009

By Anchalee Worrachate

Read the full article →

Initial Jobless Claims in U.S. Increase; Total Rolls Unexpectedly Decline

July 30, 2009

By Courtney Schlisserman July 30 (Bloomberg) — The number of Americans filing claims for jobless benefits last week held below levels seen in late June, before auto-related distortions set in, indicating firings are slowing as the economy stabilizes. Applications rose by 25,000 to 584,000 in the week ended July 25, higher than forecast, figures from the Labor Department showed today in Washington. More than 600,000 claims were filed every week last month. The number of people collecting unemployment insurance decreased for a third week.

Read the full article →

Stocks in U.S. Advance on Earnings, Unemployment Data; Motorola, GE Gain

July 30, 2009

By Lynn Thomasson July 30 (Bloomberg) — U.S. stocks rose, snapping a two-day losing streak for the Standard & Poor’s 500 Index, as companies from Motorola Inc. to Newell Rubbermaid Inc.

Read the full article →

Vangent Appoints R. Nicholas Burns to Serve on Board of Directors

July 30, 2009

Former U.S.

Read the full article →

UAE’s Arabtec Holding H1 profits reaches AED375m

July 30, 2009

UAE’s Arabtec Holding H1 profits reaches AED375m

Read the full article →

Rockwell Collins’ third-quarter profit falls 17%

July 30, 2009

Rockwell Collins’ third-quarter profit falls 17%

Read the full article →

As earnings doubts fade, stocks set sights on GDP

July 30, 2009

As earnings doubts fade, stocks set sights on GDP

Read the full article →

As earnings doubts fade, stocks set sights on GDP

July 30, 2009

As earnings doubts fade, stocks set sights on GDP

Read the full article →

Cigna results drive stock higher

July 30, 2009

Cigna results drive stock higher

Read the full article →

Cigna results drive stock higher

July 30, 2009

Cigna results drive stock higher

Read the full article →

Nasdaq closes higher after briefly topping 2,000

July 30, 2009

Nasdaq closes higher after briefly topping 2,000

Read the full article →

Nasdaq closes higher after briefly topping 2,000

July 30, 2009

Nasdaq closes higher after briefly topping 2,000

Read the full article →

RealNetworks’ loss deepens on non-cash charge

July 30, 2009

RealNetworks’ loss deepens on non-cash charge

Read the full article →

RealNetworks’ loss deepens on non-cash charge

July 30, 2009

RealNetworks’ loss deepens on non-cash charge

Read the full article →

Brazilian, Mexican stocks log advances

July 30, 2009

Brazilian, Mexican stocks log advances

Read the full article →

Brazilian, Mexican stocks log advances

July 30, 2009

Brazilian, Mexican stocks log advances

Read the full article →

NetSuite posts bigger second-quarter loss

July 30, 2009

NetSuite posts bigger second-quarter loss

Read the full article →

NetSuite posts bigger second-quarter loss

July 30, 2009

NetSuite posts bigger second-quarter loss

Read the full article →

← Previous Entries

Next Entries →