Archive for December, 2009

Court: Woman owes friends no money for dog care - La Crosse Tribune
Two lower courts had ruled that Heather Linville, formerly of Lincoln, owed $2,700 to Travis Derr and Natasha Combs of Lincoln for the care of the 5-year-old dog named Lola. But in an opinion this week, the appeals court said Linville owes Derr and

NAFCU’s Tips for Savvy Money Moves in 2010 - Forbes
BusinessWire - The National Association of Federal Credit Unions (www.nafcu.org) wants to help you get your budget in shape for 2010. Create a budget — Know how much money you bring home and how much you spend. If you’re unfamiliar with how to

Money fund assets rose to $3.294T in latest week - New Orleans Times-Picayune
(AP) — NEW YORK - Total money market mutual fund assets rose by $21.73 billion to $3.294 trillion for the week, the Investment Company Institute said Thursday. Assets of the nation’s retail money market mutual funds fell by $2.88 billion in the

NY comptroller to audit arm of AG Cuomo’s office that recovers money - San Francisco Examiner
ALBANY, N.Y. — New York Comptroller Thomas DiNapoli plans to audit the branch of Attorney General Andrew Cuomo’s office that acts as collection agency for the say. The Civil Recoveries Agency sues to recover debts to New York, like unpaid say

Simon Cowell To Create Cartoon Series? - Post Chronicle
Simon Cowell, the music mogul - who earned an estimated $75 million last year - is a large fan of animated show ‘The Simpsons’ but admits he’s jealous of its worldwide success. He said: “Their appeal is broad and it makes a lot of money. You kind of

Medicare officials detail plan for stimulus money for hospitals - Minneapolis Star Tribune
Officials for the Centers for Medicare and Medicaid Services stressed the proposal is preliminary and won’t be finalized until The process was a key piece of this year’s stimulus package. Health care providers have been waiting for clarity on who

Is the next bubble coming? - The Say
The Federal Reserve is keeping borrowing costs low to help revive the economy, and that means there’s still plenty of easy money around are guzzling from it,” stated Haag Sherman, chief investment officer at Salient Partners. Some analysts have

VDOT seeks money for storm cleanup - WDBJ7.com
RICHMOND, Va. (AP) — Virginia’s Department of Transportation is seeking federal reimbursement for $27 million spent clearing roads and highways from a December storm. The storm one week before Christmas left some parts of Virginia buried under two

Armed intruders chased off by broom-wielding woman at Iowa home after - WHO-TV
DES MOINES, Iowa (AP) — A broom-wielding woman with four kids at home chased off two armed men who broke into a Des Moines home and demanded money. The men allegedly kicked in the house’s door Wednesday night and told the four children, ages

Judge reinstates money for food program - Post-Bulletin
ST. PAUL — A Minnesota judge ruled Wednesday that Gov. Tim Pawlenty “crossed the line” when he cut billions from the say budget on his own, ordering his administration to restore money to a food program for the poor. The ruling from Ramsey

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Playa del Carmen Real Estate Financed Through Mexico Mortgage - PRLog (free press release)
PR Log (Press Release) – Dec 31, 2009 – This December a TOPMexicoRealEstate helped a Canadian client successfully receive a Mexico Mortgage for his Playa del Carmen Real Estate purchase. While in Canada and the U.S acquiring property by means of

California Department of Real Estate Shuts Down Loan Modification - PR Inside
Whitfield Financial Services Inc. (Whitfield), which operated a statewide loan modification business, surrendered its real estate license in lieu of defending accusations of violations of the real estate law at an administrative hearing. The license

HGTV’s FrontDoor.com Identifies Top 10 Real Estate Predictions for - Yahoo Finance
KNOXVILLE, Tenn.–(BUSINESS WIRE)–With some subtle signs of recovery in the housing market, the real estate industry is due to bounce back – but more challenges could lie ahead for buyers and sellers alike. HGTV’s FrontDoor.com identifies the

Disaster brewing in Miami’s commercial real estate market - McClatchy
MIAMI — It’s a great time to be a commercial tenant in downtown Miami or the Brickell Avenue financial district, thanks to a glut of new office space that will begin flooding the market next year. But for everyone else in the downtown commercial

Thompson Hine Partner Recognized As Real Estate “Woman of Influence” - Yahoo Finance
CLEVELAND–(BUSINESS WIRE)–Linda A. Striefsky has been named a “Woman of Influence” by Real Estate Forum magazine. This is the magazine’s second annual “Women of Influence” list, which recognizes women across the country who are helping to

Real estate key to upbeat Canadian view of economy - Edmonton Journal
Canadians are as confident about the economy as they were before the recession set in, according to a poll Wednesday by Nanos Research. The data showed Canadians four times more apt to expect the economy to improve in the next six months, with 49

Family-Owned Real Estate School Flourishes in Southwest Florida - PRLog (free press release)
PR Log (Press Release) – Dec 31, 2009 – David Larson, 26, sits at his desk, peering through his glasses as he takes care of the tedious accounting his brother Brad Larson, 29, so fervently avoids. Their aunt Wanda sits at the reception desk

Investors want Real Estate Stock with Consistent Returns - Emailwire
( EMAILWIRE.COM , December 31, 2009 ) Detroit, MI – Real estate stock is gaining the interest of members of the local real estate investment association groups. Attendance is especially high when the club invites local expert, Mr. REIT Buyer to

Aetna to take Q4 charge for job cuts, real estate - CNN Money
BOSTON (Reuters) - Health insurer Aetna Inc said Wednesday it anticipates to take a charge of $60 million to $65 million in the fourth quarter to cover previously announced job cut costs and real estate consolidation. The company anticipates taking an after-tax charge of $40 million associated with its

Madison businessman exits say treasurer race - Chippewa Herald
Madison real estate developer Jason Punzel is exiting the race for say treasurer. Punzel announced in August that he was going to seek the Republican nomination but on Wednesday he said he was pulling out of the race because the time demanded would

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BRITISH HOSTAGE PETER MOORE FREED IN IRAQ - Daily Express
BRITISH hostage Peter Moore, who was held in Iraq for over two-and-a-half years has been freed, Foreign Secretary David Miliband has confirmed. Personal expert Peter Moore , 36, was kidnapped along with his four British bodyguards at the finance

Government gives GMAC $3.8B in new aid to stabilize finance firm - Minneapolis Star Tribune
WASHINGTON - The government gave GMAC Financial Services another $3.8 billion in cash and took a majority stake in the auto lender, aiming to stabilize the company as it struggles with large losses in its home mortgage unit. The fresh infusion is on

Universities deny full raises to staffs - Texarkana Gazette
this fiscal year, a co-chairman of the Joint Budget Committee stated Monday. All say agencies gave the full raises, stated Richard Weiss, director of the Arkansas Department of Finance and Administration. But Arkansas Tech University in

Ex-finance Director Charged in $500K D.C. Church Theft - WJLA
WASHINGTON - The former finance director has been charged with stealing more than $500,000 from a historic D.C. church over six years. Thirty-eight-year-old Jason Reynolds of Bowie, Md., was arrested last week on a charge of wire fraud. A U.S. Secret

13th Finance Commission of India submits report to President - Newstrack India
New Delhi, Dec 30 (ANI): The 13th Finance Commission, headed by former Finance Secretary, Vijay Kelkar, submits its report to President Pratibha Patil on devolution of federal tax receipts between the Central and the Say governments. Kelkar

Ex-finance director charged in $500K church theft - San Francisco Examiner
WASHINGTON — The former finance director has been charged with stealing more than $500,000 from a historic D.C. church over six years. Thirty-eight-year-old Jason Reynolds of Bowie, Md., was arrested last week on a charge of wire fraud. A U.S

Pennsylvania Housing Finance Agency Mortgages - FOX43.com
HARRISBURG (AP) - People who want to purchase a home in Pennsylvania might get superior terms through the Pennsylvania Housing Finance Bureau. Right now, the agency is financing 30-year, fixed-rate loans for 4.5 percent on newly built homes and 5.25 percent on older homes. The rates are comparable to what

Around the Town: Campaign finance workshop Jan. 7 - Arizona Daily Sun
The Arizona Secretary of State’s Office will be conducting a campaign finance workshop on Jan. 7 from 3 to 5 p.m. at Flagstaff City Hall, 211 W. Aspen Ave. The workshops will include presentations on Arizona campaign finance laws and campaign finance

Japan’s finance minister hospitalised: ministry - YAHOO!
TOKYO (AFP) – Japan’s Finance Minister Hirohisa Fujii , 77, was hospitalised Monday for a rest and medical tests due to high blood pressure and fatigue after weeks of hard work on the budget, his ministry stated. Financial markets reacted calmly to

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The first four picks were all from the contenders list, but here I reach back to earlier in the year, when in May, I wrote about why I thought Williams Companies Inc. (WMB) would outperform four other, more popular stocks.

I compared it to Apple Inc. (AAPL), Google Inc. (GOOG), Microsoft Corp. (MSFT) and Berkshire Hathaway Inc. (BRK.B).

During the past seven months this turned out to be true for half the period, but Apple came on strong and passed it by the second review.

Continue reading Chasing Value: 2010 — #5 Williams Company

Chasing Value: 2010 — #5 Williams Company originally appeared on BloggingStocks on Wed, 30 Dec 2009 15:00:00 EST. Please see our terms for use of feeds.

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So, it isn’t bad enough that Tiger Woods ruined his marriage and soiled his squeaky-clean reputation. Apparently he cost his corporate sponsors $12 billion in stock value as well. According to a study conducted by UC Davis economics professors Victor Stango and Christopher Knittel, Tiger lost his sponsors a “collective $5 to $12 billion.” This loss outpaces “several decades’ worth of Tiger Woods’ personal endorsement income.”

The study analyzed the stock market returns during the 13 trading days after Tiger’s car crash, a period concluding a week after Tiger’s announcement of an indefinite leave of absent. The two economics professors then compared the returns for Tiger’s sponsors during this 13-day period to those of the total stock market and each of the companies’ closest competitor. Returns for the four years prior to the automobile accident were also taken into account in order to establish the stocks’ historic performance.

Continue reading Study: Tiger Woods Scandal Cost His Sponsors up to $12 Billion

Study: Tiger Woods Scandal Cost His Sponsors up to $12 Billion originally appeared on BloggingStocks on Tue, 29 Dec 2009 13:30:00 EST. Please see our terms for use of feeds.

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The DJIA has not moved much since mid-month and today was no exception with all three major indexes close to flat.

The Conference Board stated that its Consumer Confidence Index rose to 52.9 for December, up from up from 50.6 in November. Both numbers are extremely low compared to a reading of closer to 90 in an expanding economy. The S&P/Case-Shiller index of home price rose a tiny .4% from September to October, but the most current figure for the housing market was still down 7.3% from last year. Housing prices may be about to find a bottom, but, if so, the case for it is still shaky.

The unofficial closing bell numbers:

Dow 10,545.41 -1.67 (-0.02%)
S&P 500 1,126.19 -1.59 (-0.14%)
Nasdaq 2,288.40 -2.68 (-0.12%)

Continue reading Closing bell: Market Lacks Conviction, Again (AAPL, NOK)

Closing bell: Market Lacks Conviction, Again (AAPL, NOK) originally appeared on BloggingStocks on Tue, 29 Dec 2009 16:20:00 EST. Please see our terms for use of feeds.

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Small Cap Research Reports and Penny Stock Profiles Provided by Wall - Transworld News
To facilitate small cap and microcap traders in identifying emerging growth companies that carry the potential for high yield gains Wall Street Grand has designed a comprehensive menu of investor tools that include free research reports, stock alerts

Wall Street changes denied - Fort Scott Tribune
Fort Scott City Commissioner Dick Hedges reflects on the statements of citizens before making his decision to vote nay as the commission voted down the city’s application of the Transportation Enhancement Allow which would fund 80 percent of the cost

Wall Street bailout a sideshow - Times Union
Around the same time, as Congress hashed out a bailout bill, New Hampshire Sen. Judd Gregg, the leading Republican negotiator of the bill, warned that “if we don’t do this, the trauma, the chaos and the disruption to each day Americans’ lives will

As Wall Street rises, Main Street sinks - Seattle Times
IN September 2008, as the worst of the financial crisis engulfed Wall Street, George W. Bush issued a warning: “This sucker could go down.” Around the same time, as Congress hashed out a bailout bill, New Hampshire Sen. Judd Gregg, the leading

The Cash Committee: How Wall Street Wins On The Hill - Huffingtonpost.com
It was already October and the 42 Democrats and 29 Republicans on the Home Committee on Financial Services had spent the better part of the year hashing out the details of a new federal bureau dedicated to protecting consumers from hazardous and

World markets blended after Wall Street slips - Yahoo Finance
HONG KONG (AP) — Global stock markets were mixed in sluggish, year-end trade Wednesday, following a lackluster session on Wall Street as many investors held back after this year’s global rally. A number of Asian markets fluctuated, with Japan’s

Asian markets mixed after Wall Street slips - WTOP
HONG KONG (AP) - Asian stock markets were blended in sluggish, year-end trade Wednesday, following a lackluster session on Wall Street as many investors held back after this year’s global rally. A number of markets fluctuated, with Japan’s benchmark

Schapiro Whipsawed By Wall Street, Lawmakers, Defers SEC Rules - BusinessWeek
Dec. 30 (Bloomberg) — Mary Schapiro, chairman of the U.S. Securities and Exchange Commission, stated she wanted to show that her bureau was cracking down after missing Bernard Madoff’s $65 billion Ponzi scheme. In Might, she proposed that nearly 10

Wall Street bailout: The great sideshow of 2009 - Vindy.com
In September 2008, as the worst of the financial crisis engulfed Wall Street, George W. Bush issued a warning: “This sucker could go down.” Around the same time, as Congress hashed out a bailout bill, New Hampshire Sen. Judd Gregg, the leading

PRESS DIGEST - Wall Street Journal - Dec 30 - Reuters
Dec 30 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. * President Barack Obama blamed the Northwest bombing attempt on security

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Haven’t had enough Tiger Woods news lately? Are you completely obsessed with the comings and goings of Alex Rodriguez, Derek Jeter and their respective love lives? Well, the newest entrant into the world of sports reporting may keep you up to date on just that, and more. TMZ has become a major name in the world of celebrity news, and is now expanding its reach into the world of sports.

The main reason for this move is that TMZ will no longer be tied to AOL (AOL), which should make it easier for Harvey Levin to introduce a sports-related World wide web site. The celeb happenings of the past year have helped to cement the validity of TMZ, but advertising sales are on pace to come in $10 million shy of a year ago. TMZ itself has evolved from a scoffed-at website that paid for tips and hints to major news stories to an “effective news-gathering operation of a certain kind” according to Time Warner (TWX). TMZ came into its own this year, with the site’s popularity exploding thanks to its report that Michael Jackson passed, which came in an hour before the “most mainstream news organizations.”

Continue reading A New Entry into Sports Reporting: TMZ?

A New Entry into Sports Reporting: TMZ? originally appeared on BloggingStocks on Mon, 28 Dec 2009 13:30:00 EST. Please see our terms for use of feeds.

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Industry Minister Clement Approves Ciena’s Acquisition of Nortel’s - Yahoo Finance
OTTAWA, ONTARIO–(Marketwire - 12/29/09) - The Honourable Tony Clement, Minister of Industry, this day made the following statement regarding the buy of Nortel Networks Corp.’s Metro Ethernet Networks (MEN) division by Ciena Corporation: “I have

Auto Industry Outlook - Dec. 09 - Yahoo Finance
The current economic crisis has provided an impetus to a massive structural change in the auto industry, setting the stage for growth over the next decade. Given the high barriers to entry and need for scale economies (in operations, supply chain and

Used vehicle dealers request meeting with Industry Minister - radiojamaica.com
The Jamaica Used Car Dealers Association (JUCDA) has requested a meeting with Minister of Industry, Karl Samuda, to discuss what it states are discrepancies in the plan to release crashed and over-aged automobiles from the wharf. Used car dealers have

Ethanol Industry: Protect Corn to Save Second-Gen Biofuels - BNET
The latest line from two ethanol industry groups suing California over its low-carbon fuel standard goes something like this: Second-generation biofuels will die unless corn-based ethanol is protected. A quick recap: The low-carbon fuel standard

Auto industry to turn around in new year: report - Times Colonist
OTTAWA — Even though the auto industry has been hit hard by the recession, vehicle sales are set to gain momentum in the new year and could see record volumes in 2011, according to Scotia Economics’ Global Auto Report released Tuesday. A cyclical

One leg of GSM encryption cracked, cell industry unimpressed - Ars Technica
GSM is the most popular protocol for cellphone telephony on the planet, with billions of users worldwide. But the standard encryption procedure used by most GSM carriers is only 64-bit, and academic researchers had spotted flaws in it starting over a

Airport Security Technology - Industry Comments - Airwise
The failed attempt to blow up a Delta Air Lines plane near Detroit has reignited debate about airport security and the role of new technology such as full-body scanners. Following are comments from industry executives and analysts on the security

Industry, service create TL 231.6 billion in value - Today’s Zaman
The Turkish Statistics Institute (TurkStat) released its Annual Industry and Service Statistics Survey for the year 2007 yesterday. According to the report, 2,567,644 enterprises were active in 2007, and of them, 45.2 percent were operating in

Shipping industry fund starts operations in Tianjin - People’s Daily On the web
China Ship Fund, the first investment fund for the Chinese shipping industry, began operations in Tianjin yesterday, mainly to support an industry caught in the middle of the economic slowdown. It was one of the ten approved industry funds by the

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The Next Finance Hiring Hot Spots - Wall Street Journal
Wall Street has undergone a radical face lift this year, but finance industry recruiters are expected to stick to roughly the same formula when looking to fill entry-level positions with college graduates in the future. Wealth management, investment

Japan’s factory output grows most in 6 months - Star-Press
Hideki Matsumura Japan Research Institute. Japan’s exports to Asia totaled 2.7 trillion yen ($30 billion) in November — more than those to North America (920 billion yen) and Western Europe (624 billion yen) combined, the finance ministry

CapitalSource Hires Equipment Finance Team - Stockhouse
CapitalSource Inc. (NYSE: CSE), today announced that Laird Boulden will be joining the Company, effective February 1, 2010, as President of Corporate Asset Finance. He’ll lead an asset finance group, which will enhance the Company’s historically

Iowa Gov. Culver names state’s finance authority head as new economic - Minneapolis Star Tribune
DES MOINES, Iowa - Iowa Gov. Chet Culver has named Bret Mills as the state’s new director of economic development. Culver announced Mills’ appointment on Monday, filling a position that has been the center of controversy over the handling of a tax

Finance firms will offer non-guaranteed investments - radionz
At least two huge finance companies are welcoming the chance to wean themselves and their investors off the Government’s retail deposit guarantee scheme. From the New Year, banks, finance companies, building societies and other institutions covered by

Japan’s finance minister hospitalized - MLive.com
(AP) — TOKYO - Japan’s finance minister will spend the new year holidays in hospital, recovering from apparent exhaustion after weeks of intense work on next year’s budget, according to reports. Hirohisa Fujii was admitted to an undisclosed

Tuesday’s Personal Finance stories - Marketwatch
We made an offer on a house. Is it the right home, at the right price? Currently, there’s plenty of evidence (rising delinquencies, a still-hurting job market) that prices will continue to drop. Should we wait for prices to fall further before

U.S. move to cover Fannie Mae, Freddie Mac losses stirs controversy on - Washington Business Journal
The Obama administration’s decision to cover an unlimited amount of losses at the mortgage-finance giants Fannie Mae and Freddie Spencer Bachus of Alabama, the ranking Republican on the House Financial Services Committee, said that the timing of

Wisconsin Professional Police Association’s executive director charged - WEAU-TV 13
AP) — The Wisconsin Professional Police Association’s executive director has been charged with drunken driving. Columbia County Sheriff’s deputies say they found James L. Palmer II standing beside WPPA finance director Jean O. Steinhauer’s automobile early

The reviled savior of Democrats - Trentonian
and Finance Committee Chairman Max Baucus, D-Mont. — and the late intervention of a third, Lieberman Rosa DeLauro, D-Conn., suggested that the state’s voters recall him. MoveOn.org posted a video making him out to be a sock puppet of the

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