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Filed under: Economy, Investing, Real EstateIn Asia Tuesday, shares closed lower. The Shanghai Composite Index lost 0.9%, closing at 3,274 and in Hong Kong, the Hang Seng Index was down 1.3% at 21,814. Japan's Nikkei 225 Index shed 0.2%, ending the day at 10,083.In Chin...a, declines were led by property developers as investors reacted to the government's reinstatement of property taxes for homes sold within 5 years of purchase....
Source:Daily Finance
Posted:2009-12-15 12:00:00 GMT
Filed under: AppleIn our mobile world in which laptops and smartphones increasingly handle people's computing needs, desktops are starting to go the way of eight-track tapes and rotary-dial phones. No one, apparently, bothered to tell Apple (AAPL) -- or its loyal custom...ers. The company posted better-than-expected sales for its computers in October and November, thanks largely to the strength of its desktop models, says prominent analyst Gene Munster of investment bank...
Source:Daily Finance
Posted:2009-12-15 01:20:00 GMT
Filed under: EconomyNew York Times (NYT) columnist Paul Krugman (pictured), an economist by training, an Ivy League academic by profession, and no stranger to bold proposals, has offered another big idea, recommending that the U.S. Federal Reserve double its already rec...ord-high balance sheet. Krugman wants the Fed to buy another $2 trillion in assets to make more credit available, something Krugman argues will help the U.S....
Source:Daily Finance
Posted:2009-12-14 21:30:00 GMT
Filed under: InvestingIt's not hard to find folks who think stocks are way too expensive relative to their earnings prospects, perhaps even matching tech-bubble levels. But when John Hussman says shares are priced to disappoint, intelligent investors would do well to pa...y attention. Hussman's hardly a household name, but the highly successful money manger's funds -- Hussman Strategic Growth (HSGFX) and Hussman Strategic Total Return (HSTRX) -- have delivered annualized returns...
Source:Daily Finance
Posted:2009-12-14 18:30:00 GMT
Filed under: Company News, Technology, MediaAny publisher worth its salt will tell you that the real money in the business doesn't come from the current bestsellers by Stephanie Meyer and James Patterson, but the backlist: that deep catalog of books that were published ...years ago. Titles like J.D. Salinger's 1951 novel The Catcher in the Rye help Bertelsmann Media's Random House division attract and keep today's marquee authors....
Source:Daily Finance
Posted:2009-12-14 17:00:00 GMT
Filed under: Company News, Columns, Economy, Goldman Sachs , CitigroupToday is Bash Wall Street day in Washington, as a herd of bankers gets rounded up to sit for a presidential tongue lashing. But Washington can't afford to alienate Wall Street too much because of the ...$5 billion in campaign contributions and lobbying fees that financial institutions have funneled to politicians in the last decade....
Source:Daily Finance
Posted:2009-12-14 16:45:00 GMT
Filed under: People, Media, News Corp.When we last checked in on Glenn Beck, the baby-faced conservative host was being credited as a "paid spokesman" for Goldline, a gold-coin vendor, even as his employer, News Corp.'s (NWS) Fox News, was saying its personalities aren'...t allowed to make product endorsements. Clearly, something had to change. And now something has....
Source:Daily Finance
Posted:2009-12-14 15:10:00 GMT
Filed under: CitigroupCitigroup (C) said Monday it is repaying $20 billion in bailout money it received from the Treasury Department, in an effort to reduce government influence over the banking giant. The New York-based bank was among the hardest hit by the credit cri...sis and rising loan defaults. It has received one of the largest bailouts of any bank during the financial crisis....
Source:Daily Finance
Posted:2009-12-14 12:11:00 GMT
Filed under: Economy, InvestingIn Asia Monday, China's Shanghai Composite Index gained 1.7% to close at 3,303 and Hong Kong's Hang Seng Index added 0.8% to end the day at 22,086. In Japan, the Nikkei 225 Index was nearly unchanged, slipping 0.02% to 10,106. US markets a...re also set to rise. News that neighboring emirate Abu Dhabi will supply $10 billion to help Dubai pay off debts, which have rattled investors who fear...
Source:Daily Finance
Posted:2009-12-14 12:00:00 GMT
Filed under: People, Electronic Arts, Pepsico, AT&T, Procter & GambleTiger Woods, the world's top golfer with a $1 billion net worth, is taking an indefinite leave from golf according to The Associated Press. And this is causing some of his sponsors -- who pay him about... $100 million a year -- to take action....
Source:Daily Finance
Posted:2009-12-12 16:00:00 GMT
Filed under: Company News, Economy, Goldman Sachs , Bank of America, CitigroupMore employees of firms receiving extensive government aid will face caps on their pay, thanks to Obama administration pay czar Kenneth Feinberg (pictured). For top-earning workers at Citigro...up (C), American International Group (AIG), General Motors and GMAC, Feinberg has limited cash compensation at $500,000....
Source:Daily Finance
Posted:2009-12-11 19:30:00 GMT
If you think the Great Recession has been tough on middle-aged workers, just try being in your 20s. According to the latest data, adults 25-34 have an unemployment rate of 10.8 percent, nearly a full point higher than the all-age average. For 20- to 24-year-olds, the figure spikes to a staggering 15.6 percent....
Source:Daily Finance
Posted:2009-12-11 18:00:00 GMT
Filed under: Company News, Economy, McDonald'sBreakfast for a dollar will become more varied than ever at McDonald's (MCD) restaurants early in January, a company spokesperson said Thursday. The choices, including the sausage McMuffin, sausage burrito, sausage biscuit, ...small coffee and a hash brown, will complement the eight lunch and dinner menu items currently available for $1 each in the U.S....
Source:Daily Finance
Posted:2009-12-11 15:00:00 GMT
Filed under: Company News, Ford Motor Co., ToyotaChina has overtaken the U.S. as the world's largest car market. The Associated Press reports that research firm JP Power expects China's light vehicle sales will be 12.7 million in 2009, up 44% from the previous year. U.S.... car and light truck sales will be only 10.3 million....
Source:Daily Finance
Posted:2009-12-11 12:50:00 GMT
Filed under: Economy, InvestingIn Asia today Japan's Nikkei 225 Index gained 2.5% to 10,108 and Hong Kong's Hang Seng Index rose 0.9% to 21,902. In China, the Shanghai Composite Index closed at 3,247 -- down 0.2%.In China, property developers stocks fell on worries that... the government will increase interest rates and tighten lending policies....
Source:Daily Finance
Posted:2009-12-11 12:00:00 GMT
Filed under: People, MediaSure, a skeptic might say Tiger Woods has created his own downfall through rather prosaic sins of the flesh. But the more mystically inclined agree: It was that Gillette Fusion ad that did him in. New York Times' writer Robert Mackey thinks th...e Gillette Fusion "Champions" ad campaign not only cursed Woods, but his two world-class athlete co-stars as well....
Source:Daily Finance
Posted:2009-12-10 17:20:00 GMT
Filed under: Company News, Investing, CitigroupRemember that $700 billion Troubled Asset Recovery Program? It turns out that plenty of assets are still troubled, and there's been very little recovery of them. But many of the big banks that took TARP money from the gover...nment have been able to pay it back. And the reason they did is simple....
Source:Daily Finance
Posted:2009-12-10 15:20:00 GMT
Filed under: Company News, Investing, Earnings, Tiffany & Co.Looking for a holiday bargain? Think Tiffany (TIF). Shares of Tiffany, to be precise. Yes, this global leader in high-end jewelry is one bargain you shouldn't miss. With the weakened economy, you would think... the stock of the No. 1 designer, maker and retailer of diamonds and other pricey gifts such as rings and watches, would be doing poorly....
Source:Daily Finance
Posted:2009-12-10 13:45:00 GMT
Filed under: Economy, InvestingIn Asia Thursday, China's Shanghai Composite Index rose 0.5% to close at 3,254. In Japan the Nikkei 225 Index fell 1.4% to 9,863 and in Hong Kong the Hang Seng Index slipped 0.2% to end the day at 21,700.In China, news that the country's b...ooming car industry sold more than 12 million vehicles so far this year was met by changes to taxes paid on new cars....
Source:Daily Finance
Posted:2009-12-10 12:00:00 GMT
Filed under: Technology, Google , Microsoft, YahooThe three major search-engine companies have all flooded the media with news of product enhancements and big developments in the past two weeks. Both Microsoft (MSFT) and Google (GOOG) had big show-and-tell days to highl...ight some impressive new tricks their tech teams have put together....
Source:Daily Finance
Posted:2009-12-10 01:50:00 GMT
Filed under: PeopleIt will be a tough act, maybe tougher than winning all those golf tournaments. But Tiger Woods is a big business that used to generate $100 million a year and gave him a $1 billion net worth, as I posted. That's a very good living. Unfortunately, the ...money will stop rolling in unless Tiger puts the rumors of extramarital activity behind him. The reason is simple: Companies pay endorsements because...
Source:Daily Finance
Posted:2009-12-09 20:15:00 GMT
Filed under: Company News, People, PepsicoIt's hard to ignore the timing of Pepsico (PEP) brand Gatorade's announcement Tuesday that it would discontinue Gatorade Tiger (R) Focus sports drink (just like regular Gatorade, but in special Tiger Woods flavors and with 25% m...ore electrolytes). On the Gatorade press site, several recent releases still announce excitement over the drink's launch; the golf star is quoted as saying, "I've experienced a lot of amazing...
Source:Daily Finance
Posted:2009-12-09 17:00:00 GMT
Filed under: Ford Motor Co., Apple, General MotorsIn fashioning a new way forward for General Motors, Chairman and interim CEO Ed Whitacre has a formidable task ahead of him. In addition to find new leadership to help reverse GM's decades-long slide, Whitacre must focus... on getting new products to market, repairing the venerable automaker's image with skeptical consumers and improving relationships with dealers angered over the recent shuttering of hundreds of...
Source:Daily Finance
Posted:2009-12-09 15:31:00 GMT
Filed under: Economy, JC Penney, Sears Holdings Corp., TJXYour local mall may look less like a ghost town this time next year. Expect to see more stores opening in 2010 to replace those lost during the recession. And some of the shopping centers will take on an increasi...ngly international flavor, as a variety of European chains are expanding rapidly into the U.S....
Source:Daily Finance
Posted:2009-12-09 15:30:00 GMT
Filed under: Economy, Investing, Charles Schwab, ETFsBroker Charles Schwab (SCHW) recently asked its elite "active trader" clients how they see the economy shaping up. It found that a majority (54%) said they're now feeling bullish enough about business and the stock ma...rket that they expect a recovery within 12 months....
Source:Daily Finance
Posted:2009-12-09 14:30:00 GMT
Filed under: Ford Motor Co., Apple, General MotorsIn fashioning a new way forward for General Motors, Chairman and interim CEO Ed Whitacre has a formidable task ahead of him. In addition to find new leadership to help reverse GM's decades-long slide, Whitacre must focus... on getting new products to market, repairing the venerable automaker's image with skeptical consumers and improving relationships with dealers angered over the recent shuttering of hundreds of...
Source:Daily Finance
Posted:2009-12-09 14:00:00 GMT
Filed under: Economy, InvestingIn Asia Tuesday, major indexes closed lower. In Japan, the Nikkei Index fell 1.3% to 10,005 and in Hong Kong the Hang Seng Index was down 1.4% to close at 21,742. In China, the Shanghai Composite Index lost 1.7%, ending the day at 3,240.Ca...rs were the talk of the town today as the China Association of Automobile Manufacturers announced that this year's car sales have topped 12 million...
Source:Daily Finance
Posted:2009-12-09 12:00:00 GMT
Google (GOOG) finally launched its Chrome browser for Apple computers (AAPL), rolling out a beta version on Wednesday. I tried it. Chrome is really, really fast. Thus far, you can't use extensions -- a program that extends the browser's functionality -- which means I ca...n't truly pass judgment on Chrome....
Source:Daily Finance
Posted:2009-12-09 00:35:00 GMT
Filed under: Economy, InvestingGold bugs readily cite plenty of reasons why they think the precious metal's price will keep climbing. One argument gaining prominence lately is that the world's central banks will rush into gold, pushing the price ever-higher. But apparen...tly the central bankers haven't gotten the memo. On Tuesday, the Bank of Korea -- the world's sixth-largest central bank -- became the latest one to pour cold water on the notion...
Source:Daily Finance
Posted:2009-12-08 20:30:00 GMT
Filed under: Economy, IBM, McDonald'sIt's often been said that a weak dollar is good for corporate profits. That means that a rising dollar -- spurred by U.S. job creation and rising interest rates -- could hurt corporate profits and slam stock prices. How so? A weak do...llar is good for corporate profits if a company makes its products in the U.S....
Source:Daily Finance
Posted:2009-12-08 18:20:00 GMT
Filed under: EconomyFedEx Corp. (FDX), which in the last eight months has laid off workers and raised rates, boosted its guidance Tuesday for its fiscal second quarter profit. The move underscores a growing optimism that the economy is improving, albeit at a painfully s...low pace. The Memphis-based shipper expects to report earnings of $1.10 per share for the second quarter ended November 30, down 30% from $1.58 per share a year ago....
Source:Daily Finance
Posted:2009-12-08 14:30:00 GMT
