Business News - The Last 24 Hours

Talking Business: Ire at Madoff Swings Toward the Referee
New York Times - 13 min 38 sec ago
Ever since the scandal broke, many victims have felt aggrieved at the process itself, directing their anger at a lawyer caught in a no-win situation.

New York Times - British Study Madoff Payments to Austrian Banker - 57 min 17 sec ago

Reuters - Medici lawyer says Kohn didn't get Madoff payments - 8 hours 44 min ago

Wall Street Journal - Madoff Kickbacks Alleged in Austria - 10 hours 19 min ago

AP - Feds seize Madoff penthouse, wife leaves - 20 hours 2 min ago

New York Times - Marshals Take Control of Madoff Apartment - 23 hours 4 min ago

New York Times - Merkin’s Lawyers Say He Invested Openly With Madoff - 23 hours 56 min ago

COMMENTARY:

Clusterstock - How Howard Stern Tried To Hack The Madoff Sentencing - 10 hours 41 min ago

24/7 Wall St. - Give Madoff Some Cellmates - 15 hours 42 min ago

Seeking Alpha - Reactions to My Madoff Rant: No Apologies - 17 hours 1 min ago

For Banks, Wads of Cash and Loads of Trouble
New York Times - 14 min 38 sec ago
Bulk deposits from brokers, known as hot money, fueled growth at smaller banks across the country, but also led some to the brink, and beyond.

New York Times - Europe Tests Banks, and Worries - 1 hour 50 min ago

Financial Times - US banks / private equity - 5 hours 59 min ago

Wall Street Journal - Tally Hits 52 as Regulators Close 7 Banks - 11 hours 43 min ago

Wall Street Journal - Profits Fall at Federal Home Loan Banks - 16 hours 7 min ago

New York Times - F.D.I.C. Closes Seven More Banks - 20 hours 33 min ago

New York Times - U.S. Gets Tough on Funds Trying to Buy Failed Banks - 20 hours 34 min ago

Reuters India - U.S. regulators close seven banks - 21 hours 40 min ago

COMMENTARY:

Kiplinger - Banks Extend Their Reach to Ethnic Markets - 1 hour 1 min ago

The Big Picture - Why Didn’t Canadian Banks Go Wild? - 7 hours 46 min ago

BloggingStocks - No-flipping, increased-capital rules proposed for buying troubled banks - 8 hours 2 min ago

BloggingStocks - Seven banks go up in smoke ahead of the holiday weekend - 11 hours 2 min ago

Seeking Alpha - Oppenheimer: Stock Sales Buoy Investment Banks - 16 hours 1 min ago

24/7 Wall St. - Fifty-Two Banks May Have Closed, But Where Are The Rest? - 16 hours 7 min ago

Oil sinks below $US66
Business Day - 38 min 50 sec ago
Crude oil futures in New York fell below $US66 a barrel, a 10 per cent decline from this year's high, marking a market 'correction.'

Wall Street Journal - Iraq Moves Up Bids For Oil Fields - 5 hours 15 min ago

AP - Oil brokerage loses $10 mln on rogue trades - 9 hours 25 min ago

New York Times - Unauthorized Trades Cost London Oil Broker Millions - 10 hours 7 min ago

Reuters - Oil brokerage PVM names rogue trader behind oil spike - 11 hours 42 min ago

BBC - Rogue trades cost oil broker $10m - 11 hours 42 min ago

Reuters India - OPEC president satisfied with current oil price - 16 hours 23 min ago

COMMENTARY:

Infectious Greed - When is a Failure Not a Failure? When It's an Iraq Oil Auction - 3 hours 1 min ago

Fundmastery - Rogue Trader Causes Oil Price Spike - 11 hours 4 min ago

24/7 Wall St. - China Chases More Oil Assets (SNP)(RTP) - 15 hours 47 min ago

Fight over Stanford assets in UK
Business Day - 1 hour 21 min ago
Allen Stanford's liquidators from Antigua were awarded control of 120m pounds in UK assets seized in a fraud probe.

AP - Judge will consider Stanford request for money - 21 hours 43 min ago

European Union Proposes to Police Derivatives Trading
New York Times - 1 hour 51 min ago
The European Commission said moving trades onto exchanges would improve price transparency and strengthen risk management.

Wall Street Journal - EU Seeks to Limit Derivatives Risk - 9 hours 50 min ago

Reuters - Clearing key to making derivatives safer: EU - 15 hours 39 min ago

Much-needed tax refunds delayed from Ga. to Calif.
AP - 6 hours 21 min ago
ATLANTA (AP) -- Colin Daymude was out of work last year after his business failed and eagerly filed his taxes in mid-January, figuring he'd get his refund sooner. He was wrong....

Airline BA to cut capacity, delay new planes
AP - 6 hours 52 min ago
LONDON (AP) -- British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven decline in passengers....

New York Times - Chicago Computer Problem Stalls United Airlines Flights - 20 hours 45 min ago

Beijing Auto submits GM Europe offer
Financial Times - 7 hours 32 min ago
Beijing Automotive Industry Corporation has submitted a late offer for General Motors' European operations, formally putting the Chinese carmaker in the race against a frontrunning Russian-backed bid

Financial Times - Restructuring chief sees benefits in GM's maligned culture - 9 hours 7 min ago

AP - GM awaits judge's ruling on sale plan - 16 hours 17 min ago

BBC - GM awaits US ruling on sale plans - 18 hours 43 min ago

Reuters India - Fate of GM in hands of U.S. bankruptcy judge - 22 hours 51 min ago

Dollar status unlikely to be in G8 communique: G8 source
Reuters - 7 hours 43 min ago
(Reuters) - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.

Reuters - Major nations should back dollar as key currency: Japan - 8 hours 52 min ago

Reuters India - Dollar role in India FX basket may change - official - 10 hours 11 min ago

COMMENTARY:

Seeking Alpha - How Will the Dollar Trade on July 4th? - 31 min 37 sec ago

Boom2Bust - Pressure Builds On U.S. Dollar - 4 hours 46 min ago

Oil falls below $66 after bleak U.S. jobs data
Reuters - 8 hours 20 min ago
LONDON (Reuters) - Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.

UPI - Michigan on path to lose 310,700 jobs - 11 hours 38 min ago

AP - Oil hovers above $66 after weak jobs data - 12 hours 47 min ago

Reuters India - Oil below $67 after bleak U.S. jobs data - 13 hours 57 min ago

COMMENTARY:

BloggingStocks - Cramer on BloggingStocks: Don't paint everything with the jobs brush - 9 hours 2 min ago

Real estate goes through roof in China
UPI - 8 hours 45 min ago
BEIJING, July 3 (UPI) -- Real estate prices in major cities in China have suddenly gone from bust to boom, a leading real estate expert said.

UPI - China real estate prices soar again - 21 hours 23 min ago

COMMENTARY:

Seeking Alpha - China Developing Its Own Real Estate Bubble - 31 min 37 sec ago

Oracle to Cut Up to 1,000 Europe Jobs, Union Says
Wall Street Journal - 9 hours 15 min ago
Oracle is planning to cut up to 1,000 jobs in Europe, according to a French labor union.

European stocks calm as US readies for 4th of July
AP - 9 hours 27 min ago
LONDON (AP) -- European stock markets traded in a narrow range Friday as investors caught their breath after big losses the day before on U.S. jobs data. Wall Street's closure for the Independence Day holiday kept trading volumes exceptionally light....

Reuters - Global stocks dip as investors cautious on recovery - 14 hours 39 min ago

New York Times - S.E.C. May Reinstate Rules for Short-Selling Stocks - 20 hours 49 min ago

Reuters India - GLOBAL MARKETS - Asia stocks slip, drop limited after U.S. data - 22 hours 2 min ago

COMMENTARY:

Seeking Alpha - 5 Landfill Gas and Geothermal Stocks for Your Clean Energy Shopping List - 31 min 37 sec ago

NSW leads nation in bankruptcy
Business Day - 12 hours 2 min ago
THE number of Australians filing for bankruptcy and entering into other forms of debt agreements has increased in the past three months, compared with this time last year.

COMMENTARY:

Seeking Alpha - Fewer Q2 Bankruptcies: Green Shoot or Seasonal Fluctuation? - 15 hours 1 min ago

Managers head to court in mortgage fund battle
Business Day - 12 hours 2 min ago
THE battle for the rights to oversee City Pacific's flagship First Mortgage Fund is likely to be decided in the courts, with the embattled Gold Coast finance group saying yesterday that a unit-holder vote to remove it as the manager had failed by a hair's breadth.

BBC - Mortgage repayment quickens - 15 hours 33 min ago

COMMENTARY:

Seeking Alpha - U.S. Mortgage Rates Slip: Is the Fed's Course Affirmed? - 19 hours 1 min ago

Retail reaps benefit of rising sales
Business Day - 12 hours 2 min ago
THE latest batch of official retail sales have painted a rosy picture for shopping centre tenants and landlords, thanks to the impact of the Federal Government's stimulus package and the new financial year's tax cuts.

COMMENTARY:

Seeking Alpha - Sears: Retail Social Networking Pioneers - 31 min 37 sec ago

Economic Outlook: China's new green
UPI - 12 hours 47 min ago
By ANTHONY HALLUnited Press International Markets in Europe and Asia tipped lower Friday following Thursday's tumble in the United States prior to the Independence Day break.

COMMENTARY:

Seeking Alpha - Kool-Aid and GDP: The Delusion of Economic Activity - 31 min 37 sec ago

Seeking Alpha - It Isn't Just Location: Housing and the Economic Recovery - 31 min 37 sec ago

Kiplinger - Economic Recovery Will Be Lethargic - 1 hour 1 min ago

Economist's View - Obama Economic Forecast - 5 hours 30 min ago

Under Senate health care plan, either way you pay
AP - 14 hours 36 min ago
WASHINGTON (AP) -- First you paid to insure your car. Soon you may have to add health insurance premiums to that stack of monthly bills as well....

COMMENTARY:

Economist's View - Rationing Health Care - 7 hours 10 min ago

Seeking Alpha - Healthcare: Branded Pharma Out, Diagnostics/Generics In - 15 hours 1 min ago

Seeking Alpha - Wal-Mart and Offering Employees 'Strategic' Healthcare - 17 hours 1 min ago

Eurozone retail sales post fall
BBC - 15 hours 30 min ago
Retail sales in the eurozone fell more than expected in May, a further sign of the slowing economy, data shows.

Wall Street Journal - Euro-Zone Unemployment Hits 9.5% - 17 hours 23 min ago

Regulators eye Google book deal
BBC - 16 hours 1 min ago
US anti-trust regulators are to examine Google's $125m deal with book publishers to settle copyright issues, reports say.

Wall Street Journal - Justice Probes Google Deal - 17 hours 27 min ago

New York Times - U.S. Inquiry Is Confirmed Into Google Books Deal - 23 hours 16 min ago

COMMENTARY:

Seeking Alpha - Interview with Antitrust Expert Gary Reback: Google’s Looming Antitrust Issues - 31 min 37 sec ago

Seeking Alpha - Google's Eric Schmidt on the New World - 31 min 37 sec ago

TechCrunch - In India, Google Searches For Users With Print Ads - 15 hours 52 min ago

TechCrunch - My Interview With Antitrust Expert Gary Reback: Google’s Looming Antitrust Issues - 18 hours 34 min ago

Exelon Raises Offer for NRG
Wall Street Journal - 17 hours 27 min ago
Exelon increased its hostile takeover bid to acquire NRG by 12%, putting the current value at $7.73 billion.

New York Times - Exelon Makes a Higher Offer in Its Long Pursuit of NRG - 20 hours 30 min ago

Stocks and Bonds: Markets Fall After Jobs Report
New York Times - 19 hours 43 min ago
Wall Street ended the week with a sharp decline, spurred by the June jobless report. The Dow fell by more than 220 points.

Johnson & Johnson Buys Access to an Alzheimer’s Drug
New York Times - 20 hours 40 min ago
The American health care giant will pay $1 billion to the Irish drug maker Elan to gain access to Alzheimer’s disease treatments.

Business News - The Last 24 Hours

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