Big rate cut expected from Fed, but will it stem the tide?
St. Louis Post-Dispatch - WASHINGTON — All eyes will be on the Federal Reserve this day as its policy-making committee tries to spark the economy back to health, slashing short-term interest rates by what Wall Street believes might be a full percentage point. As recently as

Yesterday’s trading: Shire shines in gloom
This is Money - This is Money is proud to be approved by the Plain English Campaign Internet Crystal Mark 2006 194 points at the opening, rallied sharply to 46 up an hour later but fell away again to trade 160 lower ahead of today’s

Buildabearville.com brings kids’ fantasies to life
St. Louis Post-Dispatch - Edmiston found the site appealing because it would help her daughters improve their computer skills and at the same time learn fundamentals about earning and spending money.

Hong Kong shares open higher on bargain-hunting after Dow closes
CNN Money - for bargains after the Hang Seng Index (HSI) dipped to a seven-month low yesterday. ‘We will have a bit of a rebound today. Issue #1: America’s Money

Economic quicksand
Boston Globe - The Federal Reserve could make one of the biggest interest rate cuts in its history this day as it tries to jolt the US economy the economy by enticing consumers and businesses to borrow and spend, provide tiny help if lenders aren’t loaning money out

Accused had ‘no reason’ to kill parents
News.com.au - AN engineer accused of murdering his parents nearly 15 years ago has told a jury he had no reason to kill them. Questioned in the NSW Supreme Court this day, Jeffrey Gilham said he wasn’t broke or desperate for money at the time. “What do you say to

Suspect in Toledo store holdups being held without bond
Toledo Blade - least three Toledo businesses was being held last night in the Lucas County jail without bond pending his arraignment today Johnson is accused of robbing AutoZone, 601 North Reynolds Rd., Jan. 24 of an undisclosed amount of money.

Furniture Brands sells business furniture unit for $75 million
St. Louis Post-Dispatch - The company lost money on an 11.8 percent drop in sales last year. Executives tout signs of progress, such as the largest cash stockpile and least debt since a 1992 recapitalization.

Horoscope • Jeraldine Saunders
San Jose Mercury News - LIBRA (Sept. 23-Oct. 22.): The begin you make today could be a false one. You might note that other people make a bundle of money through a certain investment - but your own timing might not be appropriate.

Public Risk, Private Gain
Washington Post - than taxpayers who are on the hook if things don’t work out, but my guess is that the Fed will actually wind up making money Finally, the Fed needs to resist the insatiable demands of financial markets to cut the federal fund rate today by another

Wizard Academy Press’ New Book on Marketing to Women, ‘The Soccer Mom
PR Inside - direct question to a room filled with educated women with money and the urge to spend it. The book focuses on today’s most compelling mediums for marketing to women including the Internet, blogs and word-of-mouth

Baker skips session because of illness
Minneapolis Star Tribune - Toby Gardenhire, the manager’s son, will be on the roster today as an extra player. “He gets meal money. That’s good. That’s less I’ve to spend,” papa Gardenhire stated.

Euroshares bounce back in opening deals; all eyes on Fed rate decision
CNN Money - the Dow eked out some modest gains in late trade, even though buying could be limited as investors wait anxiously for today’s Issue #1: America’s Money

Share This

Share This

Wigan see best of reformed King of bling
Guardian Unlimited - I could have gone out and got a car on finance. But I didn’t. People think, ‘He must have broken in somewhere’ but that wasn’t the case. It wasn’t like that.

Budget unifies pay for city firefighters
Stamford Suggest - STAMFORD - The Board of Finance this week unanimously approved a $3.6 million budget transfer from the Glenbrook, Belltown, and Turn of River volunteer fire departments to Stamford Fire & Rescue after last month’s approval of a contract that unified

Coleman: Economy is in recession
Minneapolis Star Tribune - ST. PAUL - Republican Senator Norm Coleman has eliminated any doubt about his view of the U.S. economy: Obama states Illinois earmarks are public Senate Finance Committee OKs $25 million for 35W victims Michigan, campaigns talk do-over

Tony Blair Urges `Revolutionary’ Carbon Emission Cuts (Update1)
Bloomberg - Ministers of the Group of Eight industrialized nations and representatives from 12 other countries discussed how to finance technological efforts to tackle climate change, and the basis for a successor to the Kyoto Protocol that expires in 2012.

Safaricom shares to cost Sh5
East African Standard - With as tiny as Sh10,000, Kenyans would acquire a stake in the region’s most profitable company, Safaricom Ltd. Announcing what could be the region’s largest Initial Public Offer (IPO), Finance minister, Mr Amos Kimunya stated the pricing was

Fed comes to Bear Stearns’ rescue
Reuters Canada - The 28-day emergency line of finance on Friday came just two days after Bear (BSC.N: Quote ), which has been hard-hit by its heavy exposure to the faltering U.S. mortgage market, dismissed market rumors of a cash shortage and said it still was a

Business Topics
Fort Lauderdale Sun-Sentinel - Soaring inflation puts pressure on the European Central Bank and finance ministers of the 15 nations that use the euro to curb rising costs for basic goods.

Continental Airlines Incorporated
Chicago Tribune - A word of warning to those who believe in lucky numbers, auspicious colors and star-crossed dates: Beware. The Ides of March are upon us. Only those familiar with history or William Shakespeare’s play “Julius Caesar” readily might recognize the

Find the silver lining during the downturn
Times On the internet - Melanie Bien, of Savills Private Finance, the mortgage broker, says: “A growing number of repossessed properties are being snapped up at auction as lenders look for a swift sale and borrowers look for bargains.

Alaska GOP Beset by Turmoil, Competition
Guardian Unlimited - Don Young, the 18-term incumbent who’s the subject of a federal investigation that includes his campaign finance practices. “The days of unquestioning loyalty are gone,” Parnell stated a few hours later after filing candidacy paperwork. “It’s time

Share This

Share This

Faster bank transfers delayed to next year
Silicon.com - It will also reduce the time for standing orders to be processed from three days to one day, provided this takes place on banking business days.

Australian consumer confidence plunges to lowest since 1993 as
MSN UK News - The index of consumer sentiment fell a seasonally adjusted 9.1 percent in March to 88.6 points, from 97.4 points in February, compilers Westpac Banking Corp. and the Melbourne Institute said.

Singapore shares close off highs on profit-taking after Fed move
Forbes - Banking stocks were blended, with DBS Group up 52 cents at 17.34 dollars, United Overseas Bank down 4 cents at 17.84 dollars and Oversea-Chinese Banking Corp 12 cents higher at 7.67 dollars.

UPDATE 1-Deals of the day — mergers and acquisitions
Reuters - Singapore’s state investor Temasek has shortlisted Malaysia’s top lender Malayan Banking Bhd (MBBM.KL: Quote , Profile , Research ), HSBC (HSBA.L: Quote , Profile , Research ) and Bank of China (3988.HK: Quote , Profile , Research ) as bidders for its stake

UPDATE: HSBC Appoints New Russia CEO, To Invest $200 Million
CNN Money - These offer corporate clients a wide range of commercial banking services as well as access to HSBC’s international network in 83 countries and territories, the bank stated.

Dollar Declines on Speculation Fed Rescue Package Won’t Succeed
Bloomberg - The euro interbank offered rate, or Euribor, for three month euro loans increased 4 basis points to 4.60 percent yesterday, the highest since Jan. 9, the European Banking Federation stated before the Fed’s announcement.

Treasuries Are Tiny Changed; Fed Measures May Not Stem Losses
Bloomberg - We had a very aggressive move downward in Treasuries overnight and today in Asia we’re seeing some correction,” stated Peter Jolly , head of markets research in Sydney at NabCapital, the investment-banking arm of National Australia Bank Ltd. “The

Warsaw shares TFN at a glance outlook
CNN Money - Yesterday, the blue-chip WIG20 index completed up 2.65 pct at 2,949.43, while the broader WIG index gained 2.04 pct to close at 47,345.99. FORTHCOMING EVENTS (London time) This day - Finance minister Rostowski and central bank governor Skrzypek at banking

Asian Stocks End Higher on Fed Rally
CNBC - But the market ended well off early highs on doubts that the Fed’s action would provide a lasting solution to credit problems.    Among the top banks — Australia and New Zealand Banking Group and Westpac Banking both advanced.

Stocks set to push higher
CNN Money - Stocks staged an eye-popping rally Tuesday after the Fed pumped an additional $200 billion into the banking system. The Dow finished the session 417 points higher and posted its ideal day in 5-1/2 years.

Share This

Share This

Oils, banks help Europe shares higher; Nokia falls
Guardian Unlimited - The Fed will probably cut by 50 basis points, but people will be interested in hearing their comments on the crisis in the banking sector,” said Thierry Lacraz, strategist at Swiss bank Pictet.

Zacks Earnings and Margins Strategy Highlights: Trico Marine Services
PR Inside - FUNC) is a holding company for First United Bank, which provides banking and investment services in Maryland and West Virginia. FUNC meets this screen’s criteria with a Zacks #2 Rank and a net profit margin of 12%

Malaysians shares close higher on technical rebound - UPDATE
CNBC - Bumiputera-Commerce Holdings, the second largest banking group in the country, rebounded 55 sen or 6.3 percent to 9.35 ringgit. National power company Tenaga Nasional was lower, failing to recoup steep losses in the previous session, as the ruling

Oil Is Tiny Changed Near a Record as Investors Buy Futures
Bloomberg - There’s increased uncertainty in equity markets, debt markets and of course property markets,” stated Mark Pervan , a senior commodity strategist at Australia & New Zealand Banking Group Ltd. in Melbourne. “The oil market has the best long-term value

Russia ratings outlook raised to positive - S&P
CNBC - It added that the key near-term risk for the stability of Russia’s banking system and ultimately the real economy is Russian banks’ significant dependency on external markets for refinancing.

UPDATE 2-Monte Paschi sets restructuring, profit up
Reuters - The broader Italian banking sector slid 18 percent in the same period. Analysts fear the bank, which says it is the world’s oldest, will struggle to integrate Antonveneta and deliver returns to justify the price amid a slowing global economy and a

Bulk of Blagojevich’s campaign cash coming from state-tied donors
News-Democrat - In court filings related to the case, prosecutors allege the governor told a fundraiser he’d “lots of ways of helping his friends” and that “he could award contracts, legal work and investment banking to help with fundraising.

River drowning victim identified as Lawrence man, 30
Patriot Ledger - He (Githiabii) was hung up against a banking,” said Assistant Framingham Fire Chief William Norton stated. “We always prefer it to be a rescue, but at least recovering the body gives some closure to the family.

UPDATE 2-SocGen’s $8.5 bln rights issue oversubscribed
Reuters - Updates shares, adds analyst and fund manager comment) By Sudip Kar-Gupta Commercial Real Estate Servicing Specialist Details: the Right Move and join a winning largest banking and financial

A man who knows wine
Rocky Mountain News - Mike Fisher, partner with Global Wine Partners - an investment banking and financial consulting company serving the wine industry - states a say enologist “makes a lot of sense.

MOVES-UBS and Citadel Investment
Reuters - Meehan will report to Alex Wilmot-Sitwell, chairman and CEO, UBS Group EMEA and global head, investment banking department, UBS Investment Bank.

RPT VP Bank posts in-line FY net on across-the-board strength, lifts
Forbes - VADUZ, Liechtenstein (Thomson Financial) - VP Bank Group reported an in-line full year net profit after minorities of 157.8 mln sfr, up from 132.1 mln the year before, reflecting favourable developments at both its private clients and trust banking

Forex - Dollar rises against yen on reports Fed looking to shore up
Forbes - Ashley Davies, currency strategist at UBS (nyse: UBS - news - people ), stated the reports will provide the dollar with some short-term support due to the rise in bond yields and drop in concern about the banking sector.

Share This

Share This

Dem. wins election to fill Hastert seat
Miami Herald - Former U.S. Home Speaker Dennis Hastert speaks to lawmakers on the Illinois Home of Representatives floor at the say Capitol in Springfield on Wednesday, March 5, 2008. Hastert was being honored by Illinois lawmakers for his many years of

Downturn Tests the Fed’s Capability to Avert a Crisis
New York Times - In the last seven months, policy makers have cut interest rates, injected money into the banking system and approved a fiscal stimulus package in an effort to keep the economy from slipping into a recession. Often, the moves seemed to work at first

Standard Chartered Bank eyes RBS Stake in Saudi Hollandi
Saudi Gazette - Middle East Economic Digest (MEED) stated Standard Chartered wanted to purchase into Hollandi because its application for a full banking license in the Kingdom was rejected.SR

India’s Benchmark Index Falls 5 Percent
Forbes - Funds were selling across banking and power sectors with power utility Reliance Energy Ltd. and leading banks ICICI Bank Ltd. and HDFC Bank Ltd. among the massive losers.

Biofuels: Fields of dreams
Times Online - John Anderson is motoring with chip fat. Sir Rob Margetts swears by fizzy drinks and chicken feed. George Bush is banking on corn. Everyone, from pub to parliament, knows we’re going to have to do something about transport fuel. Oil prices have

Our worrying loss of love for the antique
Guardian Unlimited - They were just another means of banking cash. Ordinary pieces were harder to shift. As TV dinners and restaurant eating grew, the price of dining tables has collapsed.

ING Taiwan official states unaware of reported plans for Fubon Financial
Forbes - The stake is being eyed in view of Fubon’s marketing network for banking and insurance products, as well as the Taiwan firm’s prospective presence in China, the report stated.

CBI and ABI warn Alistair Darling over tax crackdown
Times On the web - In separate warnings, the CBI and the ABI stated that if the Government made hasty changes to banking regulation and pushed ahead with changes to rules on capital gains tax and nondomiciled workers, the financial services sector and the country’s

Islamic bonds could give London leg up in growing sphere of Shariah
International Herald Tribune - LONDON : London is looking to its burgeoning market in Islamic finance — already the largest in the Western world — to boost its reputation as a financial center, banking on growth in an industry with the bonus of being partly shielded from the

Gov’t repairs can’t force banks to lend
BusinessWeek - Even a relatively modest legislative proposal to tighten the government’s reins on mortgage finance companies Fannie Mae and Freddie Mac won’t be coming together soon in the Senate Banking Committee, its chairman Sen.

Job ads hit hard by interest rates
West Online - The Financial Services and Banking sector continues to flounder, dropping 5.12 per cent in February, bringing its growth to just 13.7 per cent in 12 months and making it the weakest sector of the economy, according to the Index.

Democrats criticize Bush’s CIA-bill veto
Miami Herald - Protestors demonstrate the use of waterboarding on a volunteer in front of the Justice Department in Washington in this Nov. 5, 2007, file photo. President Bush said Saturday, March 8, 2008, he vetoed legislation that would ban the CIA from using

ANZ Bank sells 180 mln swiss francs of 2010 notes
Reuters - (For the latest Australia and New Zealand bond news, double click on [AU/CRD] and then double click on the ID number) SYDNEY, March 7 (Reuters) - Australia & New Zealand Banking Group Ltd (ANZ.AX: Quote , Profile , Research ) sold 180 million swiss

Sen. Nelson sees vote-by-mail as option to solve delegate mess
Miami Herald - Sen. Bill Nelson believes that the only practical way to settle the state’s delegate mess is to hold a second Democratic presidential primary by mail, his chief of staff stated Saturday. The state has three options to try to seat its delegates at the

Questions over ‘free’ ID cards plan
Guardian Unlimited - A question mark hung over the Government’s budget for ID cards after their own expert recommended that no-one should have to pay for a card. A report commissioned by Gordon Brown from a former banking chief said the enrolment process and the cards

Share This

Share This

Cover Story
Financial Mail - There’s no doubt that the SA consumer is taking strain,” states Standard Bank retail banking boss Sim Tshabalala. “Statutory returns show it across the board - home loans, instalment and other lending - increasingly people are failing to make payments

TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 GMT
Forbes - shake up the industry, analysts stated. Neither the Subscriber nor AFX News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The

Deutsche Bank Appoints David Conroy as Americas Head of Trade Finance
Forbes - Deutsche Bank this day announced that David Conroy has been appointed Managing Director and the Americas Head of Trade Finance and Cash Management Corporates for its Global Transaction Banking (GTB) business area. GTB encompasses Deutsche Bank’s cash

Johnson hopes to bounce back at Atlanta
Detroit News - Where: Atlanta Motor Speedway (quad-oval, 1.54 miles, 24 degrees banking in turns) Distance: 500.5 miles, 325 laps. Last race: Carl Edwards’ second consecutive victory was short-lived:

Rabobank books 568 mln eur impairments, but FY net rises 14 pct UPDATE
Forbes - AMSTERDAM (Thomson Financial) - Unlisted Dutch bank Rabobank said full-year 2007 net profit rose 14 pct to 2.7 bln eur from 2.3 bln in 2006 as solid results from its mortgage-lending and Dutch retail banking operations offset impairments of 568 mln

Allco Finance Shares Slump After Bankers Seize Stock (Update3)
Bloomberg - Lenders including ABN Amro Holding NV, Commonwealth Bank of Australia and Westpac Banking Corp. are reviewing Allco’s capability to repay a further A$900 million of debt after the company’s market value fell below A$2 billion.

Citigroup CEO denies South Korea unit sale talk: source
Boston Globe - Pandit, on a global tour to meet local employees and banking officials, is reviewing operations throughout the bank in an attempt to cut costs and boost earnings.

Ron Paul signals to supporters that he’s quitting his race for the
Miami Herald - GOP presidential candidate Ron Paul is hinting to supporters that he is ending his long-shot campaign for the presidency. The Texas Republican congressman addressed supporters in a 7 1/2-minute video on his campaign Web site Thursday night and did

Bank of America Names Robin L. Yacovino Western Massachusetts Market
Forbes - In her new role, Yacovino will lead a cross-functional team of seasoned banking leaders with many years of experience in the community. She will also have direct oversight of the deployment of Bank of America’s philanthropic and sponsorship

Today’s Letters: These clubhouses save money and improve lives
St. Petersburg Times - Members are needed for meal prep, data entry, banking and more. This work helps the members build the confidence and stamina needed to return to paid employment in the community.

Share This

Share This

Chancellor Klein sets huddle on budget cuts with school principals
New York Daily News - We’re asking them to consider what services they value the most,” stated Kathleen Grimm , deputy chancellor for finance. Most of Klein’s major reforms - from a new school-funding formula that redistributes resources, to a major initiative giving

Clark’s guilty plea may toughen campaign finance rules
Anchorage Daily News - JUNEAU — Jim Clark’s admission of campaign reporting violations could lead lawmakers to strengthen the powers of say regulators. Clark, the former chief of staff to Gov. Frank Murkowski, in 2003 worked to have lawmakers reduce the statute of

Don’t Get Scammed at the Vehicle Dealership
ABC News - The only thing drivers despise more than rising fuel costs? Shrewd automobile dealers. They are among the country’s least-trusted business providers. The 2007 Better Business Bureau/Gallup Trust in Business Index reported that only 16% of survey respondents

Sri Lanka’s Sinhaputhra Finance’s long-term ratings cut to ‘BB-(lka
CNBC - BANGALORE (Thomson Financial) - Fitch Ratings said it has downgraded its national long-term ratings of Sri Lankan finance company Sinhaputhra Finance Ltd (SFL) to ‘BB-(lka)’ from ‘BB(lka)’. The outlook is negative. The agency said the downgrade

Nothing can stop Indian projects: Aditya Mittal
Daily News and Analysis - In a nostalgic mood, Aditya recounted the ‘hostile and cold reception’ that he got from a Prime Minister and a Finance Minister of some European countries.

Kenya’s Kibaki urges MPs to back peace deal
MSN UK News - Odinga’s side wants so-called “power ministries” like finance and internal security, which Kibaki’s allies are unlikely to concede. Both men are under pressure from their backers not to give away too much.

Kibaki urges parliament to back peace deal
International Herald Tribune - Odinga’s side wants so-called “power ministries” like finance and internal security, which Kibaki’s allies are unlikely to concede. Both men are under pressure from their backers not to give away too much.

Credit Swaps Thwart Fed’s Ease as Debt Costs Surge (Update2)
Bloomberg - The banks that have been using correlation to calculate their risk will have to go back to scratch,” stated Janet Tavakoli , president of Chicago-based Tavakoli Structured Finance. “By using correlation models as the main means of risk management, the

Carrefour strengthens focus on real estate management after 1.3
CNBC - Carrefour also said it anticipates to generate ??1.5 billion (US$2.28 billion) in free cash flow which will be used to finance acquisitions. Operating profit rose 3.4 percent to ??3.29 billion (US$5 billion) from ??3.18 billion a year ago, with fast

Transport finance sector eagerly awaits US election results
Janes - All eyes are on the upcoming US presidential election, which will profoundly affect financial markets in the near term. Longer term, trade flows will be affected, which will influence the fortunes of transportation-related business and institutions

RBI: budget in line with growth, price goals
Reuters India - Earlier, Finance Minister Palaniappan Chidambaram, who attended the central bank meeting, said the loan waiver would strengthen the banking sector and banks would be compensated in a way that would not constrain them.

Share This

Share This

ICA Fluor Wins $100 Million Mexico Nitrogen Injection Plant Project
MSN MoneyCentral - ICA Fluor, the industrial engineering and construction subsidiary of Fluor Corporation FLR and Empresas ICA, S.A.B. de C.V. (BMV:ICA) ICA , announced today that it has been awarded a $100 million (USD) contract with Energia Costa Azul, S. de R.L. de

Aruba Networks Finds Wide Variability in 802.11N Wireless LAN
MSN MoneyCentral - Aruba Networks, Inc. (NASDAQ: ARUN), a global leader in wireless LANs and secure unified mobility solutions, today announced the results of current throughput tests conducted on four different 802.11n wireless LANs. The tests, using a variety of

Voltaire Appoints Networking Veterans Rafi Maor and Yaffa Krindel to
MSN MoneyCentral - Voltaire Ltd. VOLT , a leading provider of grid backbone solutions for the data center, this day announced the appointment of Rafi Maor and Yaffa Krindel to the company’s Board of Directors. Mr. Maor is president and CEO of ECI Telecom, Ltd., a global

Bill Barrett Corporation Announces Pricing of Offering of $150 Million
MSN MoneyCentral - Bill Barrett Corporation (NYSE: BBG) announced today that it has priced its offering of $150.0 million aggregate principal amount of 5.0% convertible senior notes due 2028. This offering is made pursuant to a prospectus supplement and a final term

Danaher CEO Comments On Outlook
MSN MoneyCentral - For today’s top Money video click here News Providers Associated Press bizjournals.com Briefing.com BusinessWeek Wall Street Journal WASHINGTON, March 5 /PRNewswire-FirstCall/ — Danaher Corporation DHR announced that President and Chief Executive

Paris shares up lunchtime; bargain-hunting drives rebound
CNN Money - Pre-market trading After-hours trading Winners/losers/actives Bonds Currencies Commodities Money Magazine Retirement Mutual Funds significantly below expectations, explaining why net profit was ahead of consensus forecasts. Among the few fallers in today’s

Socket Mobile Achieves CCX Version 4 Certification for CompactFlash
MSN MoneyCentral - Socket Communications, Inc. (NASDAQ: SCKT), dba Socket Mobile, Inc., an innovative provider of mobile productivity solutions, this day announced that its Go Wi-Fi! P500 CompactFlash (CF) Card and P700 embedded radio module have been certified for

Alon USA Announces Fourth Quarter 2007 Earnings Release and Conference
MSN MoneyCentral - DALLAS, Feb. 20 /PRNewswire-FirstCall/ — Alon USA Energy, Inc. ALJ (”Alon”) this day announced plans to release its fourth quarter 2007 results on Wednesday, March 5, 2008 after the market closes. In conjunction with the release, Alon has scheduled a

Global Digital Media Xchange Increases Blu-ray Disc Production
MSN MoneyCentral - Sonic Scenarist Authoring and CineVision Encoding Systems Power Output Growth NOVATO, Calif., March 5 /PRNewswire-FirstCall/ — Sonic Solutions(R) SNIC , the leader in digital media software, this day announced that Global Digital Media Xchange (GDMX

Radical Muslim preacher caught on film giving advice on how to
Daily Mail - After a story about a wealthy man, he said: “There was one man, he’d a lot of money - just like us, we’ve a lot of money this day from the income support and the incapacity benefit.

Jean Blackwell Appointed CEO of Cummins Foundation; Pat Ward Named
MSN MoneyCentral - Cummins Inc. CMI this day announced that Jean Blackwell, the Company’s Chief Financial Officer, has been named Executive Vice President of Corporate Responsibility and Chief Executive Officer of the Cummins Foundation. Pat Ward, currently Vice President

Hoku and Solar-Fabrik Subsidiary Amend Polysilicon Supply Agreement
MSN MoneyCentral - Hoku Materials, Inc., a wholly owned subsidiary of Hoku Scientific, Inc. (NASDAQ: HOKU), established to manufacture and sell polysilicon for the solar market, this day announced an amendment to its polysilicon supply agreement with Global Expertise

Tommy Hilfiger to Bring Men’s and Women’s Footwear License In-House
MSN MoneyCentral - For today’s top Money video click here News Providers Associated Press bizjournals.com Briefing.com BusinessWeek Wall Street Journal Tommy Hilfiger Reaches Mutual Agreement with Stride Rite to Bring the Company’s Men’s and Women’s

CollaGenex Pharmaceuticals to Host Fourth Quarter and Full Year 2007
MSN MoneyCentral - CollaGenex Pharmaceuticals, Inc. CGPI today announced that it will hold a conference call on Wednesday, March 12, 2008, at 11:00 a.m. Eastern Time to discuss the Company’s fourth quarter and full year 2007 financial results. A press release

Charities to ‘lose millions’ over income tax changes
Guardian Unlimited - Next month’s cut in the basic rate of income tax could cost charities £90m a year in lost revenue, it was warned this day. The Charities Aid Foundation (CAF) stated the change to tax rates, which comes into effect on April 5, will have a serious impact

Share This

Share This

Research and Markets: New Publication Assesses Strengths, Weaknesses
PR Inside - www.researchandmarkets.com - Research and Markets ( www.researchandmarkets.com/reports/c84602 ) has announced the addition of ReAble Therapeutics Finance LLC Strategic Analysis Profile to their offering. — The ReAble Therapeutics Finance LLC

What’s the Matter With Citi?
BusinessWeek - Citi’s Japanese consumer finance business is having trouble, but the international bank’s main troubles are in the U.S. American consumers are having a tougher time meeting credit obligations, especially mortgages, causing loans on Citi’s balance

Court Charges Company With Contravention Of Income Tax Act
BruDirect - DMZ Construction Sdn Bhd was charged with failure to furnish the Ministry of Finance’s Revenue Section with the relevant returns of income and particulars forms that are required for the purpose of ascertaining the income tax

Former Alaska gov’s aide pleads guilty
MSN MoneyCentral - Not only were my violations of Alaska’s campaign finance laws wrong and unethical, they were stupid,” he said. Clark was flying to Anchorage early Tuesday and unavailable for an interview.

Iowa Civil Rights Commission closes Floyd County case
Globe Gazette - and to provide certain information as part of the registration or participation process. (We may ask, for example, for your name, email address, sex, age, and zip code, and we might request information on your interest in sports, personal finance

Goldman Fund Management Co-Head Kraus to Step Down (Update1)
Bloomberg - March 4 (Bloomberg) — Goldman Sachs Group Inc. investment management co-head Peter Kraus is leaving after his division’s Global Alpha hedge fund suffered a 40 percent drop last year. Kraus, 55, will step down at the end of the month and become a

Takefuji Loses $291 Million on Derivatives Deals (Update3)
Bloomberg - Fallout from the U.S. mortgage market collapse spread to the consumer finance industry for the first time after eroding earnings at the nation’s largest banks, brokerages and insurers.

Labor ‘cleans up Seasprite mess’
Australian Broadcasting Corp. - Tags: business-economics-and-finance , industry , defence-and-aerospace-industries , defence-and-national-security , defence-forces , navy , defence-industry , government-and-politics , federal-government , australia , nsw , newcastle-2300

The Other Imperialist
Egypt This day - Turkey remains a key NATO ally on the southeastern “front” of the alliance, yet signed deals with Russia on energy, finance and defense. Energy-wise, Turkey is already dependent on Russia for 70 percent of its natural gas.

Japan Capital Spending Falls 7.3%; GDP May Be Lowered (Update1)
Bloomberg - Capital spending excluding software fell 7.3 percent in the three months ended Dec. 31 from a year earlier, a third straight quarterly decline, the Ministry of Finance stated this day in Tokyo.

Share market plunges in fresh sell-off
News.com.au - But in trade today on the ASX, finance stocks have been some of the biggest losers in value, hurting mum and dad investors who piled their savings into bank stocks during recent years.

Housing in deepest decline since the Great Depression, economist states
Marketwatch - More and more of the country is now involved in the contraction, where six months ago it wasn’t as widespread,” stated Steve Kerch is assistant managing editor and personal finance editor of MarketWatch in Chicago.

Chancellor Alistair Darling to close loophole in finance deals based
Times On the internet - The Chancellor is expected next week to close a loophole in Sharia finance rules that have granted commercial property investors to avoid paying stamp duty on more than £1 billion of deals, The Times has learnt. Alistair Darling is expected to

Share This

Share This

Royal Bank profit falls 17%
Globe and Mail - The investment banking, or capital markets, division of RBC saw profit fall $92-million to $304-million primarily as a result of the writedowns.

Chicago gets highest sales tax in U.S.
Miami Herald - Among the things Chicago wants to be known for, having the highest total sales taxes of any major U.S. city is probably not one of them. But that’s what it’s getting after the Cook County Board voted Saturday to double the county sales tax to 1.75

Sector Snap: Investment Banks Fall
Forbes - Shares of investment banks fell in Friday trading as the broader markets fell and UBS cut first-quarter earnings estimates due to continued slow investment banking activity and more expected write-downs. UBS said continued weak investment banking

Russian woman wins LA Marathon
Miami Herald - Russia’s Tatiana Aryasova has won the Los Angeles Marathon after getting a head begin on the male runners. Aryasova was making her marathon debut Sunday and held off a group of Kenyan men. The battle-of-the-sexes format gave the top women runners a

ANALYSIS-Housing bust means at least 12 more months of pain
Forbes - Oppenheimer analyst Meredith Whitney, whose prescient call about the scale of subprime problems facing Citigroup Inc. (nyse: C - news - people ) led to a worldwide sell-off of banking stocks, said the U.S. bank sector is headed for

HSBC to hike dividend as crunch bites
Daily Telegraph - HSBC will tomorrow reveal a record $16bn (£8.1bn) of bad debts at its full year results but seek to reassure investors that it is containing the sub-prime crisis by lifting its dividend in line with its banking peers. HSBC, which is expected to

TCS BaNCS Recognized as #2 Universal Banking Solution in the 2007 IBS
Forbes - LONDON, Feb. 29 /PRNewswire-FirstCall/ — TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), dedicated to providing business application solutions to the banking, insurance and capital

Financial Firms Face $600 Billion of Losses, UBS States (Update3)
Bloomberg - Banks and brokers stand to lose $350 billion, according to estimates from the global banking unit of UBS, the world’s largest wealth manager. Financial institutions have so far disclosed more than $181 billion of writedowns and credit losses.

WesBanco Increases Quarterly Cash Dividend to its Shareholders
Forbes - WesBanco, Inc. is a multi-state bank holding company of $5.3 billion in total assets providing banking services through 117 locations and 152 ATMs in West Virginia, Ohio and Pennsylvania.

Ameriana Names Janice Brehm Senior Vice President - Mortgage Banking
Forbes - Jerome J. Gassen, President and Chief Executive Officer of Ameriana Bancorp (NASDAQ:ASBI), the holding company for Ameriana Bank, this day announced that Janice Brehm has been named the Bank’s Senior Vice President - Mortgage Banking. She will report to

Japan Looks to a Robot Future
Waterloo Cedar-Falls Courier - With more than a fifth of the population 65 or older, the country is banking on robots to replenish the work force and care for the elderly. In the past several years, the government has funded a plethora of robotics-related efforts, including some

Thomson Financial UK at a glance share guide - weekend
Forbes - HSBC will tomorrow reveal a record 16 bln usd (8.1 bln stg) of bad debts at its full year results but seek to reassure investors that it is containing the sub-prime crisis by lifting its dividend in line with its banking peers - Sunday Telegraph

Bank of Montreal to continue trust restructuring talks despite notes
Forbes - The retail banking, wealth management and investment banking products company emphasized that these developments bear no impact on Bank of Montreal’s ratings.

The PNC Financial Services Group Files Form 10-K
Forbes - The PNC Financial Services Group, Inc. (http://www.pnc.com) is one of the nation’s largest diversified financial services organizations providing retail and business banking; specialized services for corporations and government entities, including

UPDATE 1-German KFW states has offers to purchase IKB stake
Forbes - IKB was one of Europe’s first lenders to unveil big financial problems linked to the subprime debacle, and its fate — along with that of regional state bank SachsenLB — has tarnished Germany’s reputation as a banking centre.

Share This

Share This