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Thursday, March 8, 2012

7:29 AM 3/8/2012: Business News Review

 

How Good Is the Housing News?

from NYT > Editorials

The housing market has shown signs of life recently, but prices are still falling. That means the market, and the broader economy, are not out of the woods by a long shot.

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The housing market has shown signs of life recently. Home sales have beat expectations and pending sales neared a two-year high. But prices — the crucial measure of housing-market health — are still falling, driven down by increasing levels of distressed sales of foreclosed properties. That means the market, and the broader economy, which derives much of its strength from housing, are not out of the woods — not by a long shot.

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World powers to hold talks with Iran

via Financial Times - Financial markets news on 3/6/12

Oil price eases as US, China, Russia and Europe agree to resume negotiations on Iran’s nuclear programme

House prices fell in February, says Halifax

via Financial Times - Personal Finance on 3/6/12

UK house prices slip in February, according to a widely-followed lender’s index, erasing the gain seen the previous month

European Woes Hammer Wall Street, Volatility Spikes - Fox Business

via Business - Google News on 3/6/12


RFI

European Woes Hammer Wall Street, Volatility Spikes
Fox Business
Stocks sold off on Tuesday after the reemerging threat of a Greek default and the specter of another recession for the already beleaguered eurozone sent traders darting out of risky assets. As of 11:30 am ET, the Dow Jones Industrial Average fell 144 ...
Rehn sees signs of EU stabilization, confident on PSIReuters
Major Stock Indexes Fall Over European ConcernsVoice of America
EU's Rehn Confident on Eurozone Recovery, Talks Up Eurobonds PlansLoanSafe
Wall Street Journal -The Guardian -Economic Times
all 45 news articles »

US Treasury to sell $7bn of AIG shares

via Financial Times - Europe homepage on 3/7/12

Insurer’s shares have risen 27% this year – above the threshold that would allow the government to make a profit on its 77% stake

German industrial orders fall sharply

via Financial Times - Europe homepage on 3/7/12

A 2.7 per cent monthly drop in orders highlighted the vulnerability of Europe’s largest economy to global growth prospects

Romney calls on rivals to quit race

via Financial Times - UK Homepage on 3/7/12

Campaign calls on rivals to drop out of the Republican nomination race before they irreparably damage the party’s chances of beating Obama in November

Media delivery: stream becomes torrent

via FT.com - Technology on 3/7/12

Why should consumers commit to one provider? One can, with increasing ease, flick back and forth between Amazon, Apple and Google

YouTube to power live streaming Olympics coverage for NBC - SlashGear

via Sci/Tech - Google News on 3/7/12


SlashGear

YouTube to power live streaming Olympics coverage for NBC
SlashGear
More than 3000 hours of live streaming footage from the Olympics will be broadcast online, making it the most live content, by far, ever to be broadcast from the global competition. In case you were wondering, yes, that equates to every single event ...
NBC to use YouTube streaming technology for 2012 OlympicsThe Verge
NBC, YouTube Partner to Stream Video From 2012 OlympicsPC Magazine
YouTube to Live-Stream the London 2012 Olympics for NBCTIME
The Next Web -paidContent:UK -WebProNews
all 11 news articles »

US Warns Apple, Publishers - Wall Street Journal

via Business - Google News on 3/7/12


Wall Street Journal

US Warns Apple, Publishers
Wall Street Journal
By THOMAS CATAN And JEFFREY A. TRACHTENBERG The Justice Department has warned Apple Inc. and five of the biggest US publishers that it plans to sue them for allegedly colluding to raise the price of electronic books, according to people familiar with ...
Justice Department threatens Apple, publishers with lawsuits over alleged e ...Fox News
US Justice Dept may sue Apple, publishers on e-book pricing - WSJReuters India
Apple, book publishers face e-book antitrust lawsuitCNET
Economic Times
all 33 news articles »

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Stock index futures point to higher open - Reuters

via Business - Google News on 3/8/12


MiamiHerald.com

Stock index futures point to higher open
Reuters
| LONDON (Reuters) - Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.8 percent, while Dow Jones and Nasdaq 100 futures were both up 0.7 percent at 0955 GMT. European shares extended gains to ...
Optimism on Greece and job marketCNNMoney
Stocks rebound...Jobs numbers from the governmentNECN
Markets confident of Greek debt swap successBoston.com
WAPT Jackson
all 1,214 news articles »

Apple patent suggests mobile payment plan - UPI.com

via Sci/Tech - Google News on 3/7/12


UPI.com

Apple patent suggests mobile payment plan
UPI.com
WASHINGTON, March 7 (UPI) -- The US Patent and Trademark Office has approved a patent application by Apple suggesting the company plans to launch a mobile payment service, analysts said. The patent's description said, "the financial transaction rules ...
Apple Awarded iWallet PatentPC Magazine
Apple nabs parental controls patent for 'iWallet' transactionsApple Insider
Apple wins patent for E-WalletZDNet
Register -CNET -Bank Technology News
all 26 news articles »

Take a look at the new iPad - video

via World news: World news + Video | guardian.co.uk by Charles Arthur, Alice Salfield on 3/7/12

Technology editor Charles Arthur gives us a preview of the latest iPad, unveiled by Apple on Wednesday

Charles Arthur

Alice Salfield

Take a look at the new iPad - video

via World news and comment from the Guardian | guardian.co.uk by Charles Arthur, Alice Salfield on 3/7/12

Technology editor Charles Arthur gives us a preview of the latest iPad, unveiled by Apple on Wednesday

Charles Arthur

Alice Salfield


The Forbes list: who wants to be a billionaire?

via World news and comment from the Guardian | guardian.co.uk by Rupert Neate on 3/7/12

Magazine's latest catalogue of the world's super-rich features Bill Gates and Warren Buffett, but Mexican Carlos Slim tops the list

From energy drinks made from an acid normally found in the large intestine to a shrimp restaurant inspired by the film Forrest Gump, there are a lot of ways to become a billionaire – 1,226 to be precise. That's how many dollar billionaires there are in the world today – an all-time high, according to Forbes magazine's latest catalogue of the world's super-rich.

Topping the list are the usual suspects: Mexican telecoms billionaire Carlos Slim with a $69bn (£43.8bn) fortune, self-confessed geek and Microsoft founder Bill Gates, who is worth $61bn, and serial investor and "Sage of Omaha" Warren Buffett, who has clocked up $44bn.

Most of the top 10 are household names – such as Bernard Arnault, chairman of handbags-to-champagne group Louis Vuitton Moët Hennessy, and the men behind fashion chains H&M and Zara – but number 10 is more low-key. Karl Albrecht, one of the brothers behind supermarket chain Aldi, shuns the limelight to such a degree that Forbes was unable to include a photo of the man who opened the first Aldi (Albrecht-Discount) in 1961.

Of the 128 new entries this year, 38 owe their fortune to inheritance, including Laurene Powell Jobs, widow of the Apple founder, who joins at number 100 with a $9bn fortune.

Miuccia Prada, granddaughter of Prada founder Mario Prada, is back on the list after six years, in at number 139 after the company floated on the Hong Kong stock market last year. She and her husband Patrizio Bertelli are quite the power couple – she's the brand's lead designer and he's the chief executive (and also a billionaire).

The richest Briton is the Duke of Westminster, Gerald Cavendish Grosvenor, who owns most of Belgravia as well as thousands of acres of land in Scotland and Spain. He clocks in at number 78 with $11bn. The 8th Earl of Cadogan, Sir Richard Branson, James Dyson, Philip and Cristina Green and Joe Lewis all make it into the top 300.

Showing that it really is possible to make money out of just about anything, Manoj Bhargava made it into the top 1,000 with a $3 energy drink made from caffeine, B vitamins and taurine, an amino acid and major constituent in bile found in the large intestine. He told Forbes: "It's not the little bottle. It's not the placement. It's the product. You can con people one time, but nobody pays $3 twice."

Another new entry this year is Tilman Fertitta, who has made $1.5bn from a string of US restaurant chains, including one named Bubba Gump Shrimp Company after the fishing firm dreamt up by Forrest Gump and his Vietnam war buddy Bubba.

Rupert Neate

guardian.co.uk © 2012 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds


Are you considering purchasing the new iPad? When it comes to the tablet market,...

via The New York Times's Facebook Wall by The New York Times on 3/7/12

Are you considering purchasing the new iPad? When it comes to the tablet market, how crowded is too crowded? If you’re following our live-blogging, share your thoughts on the products and features announced today.
Live Blogging Apple's iPad Event
bits.blogs.nytimes.com
Live blogging of the Apple event will begin at 1 p.m., East Coast time. The announcement is expected to focus mostly on a new iPad, but there could be something new with Apple TV.

Ready or Not, Time to Share More

via NYT > Business Day by By PAUL BOUTIN on 3/7/12

Facebook has revamped its profile pages to its new Timeline layout, and it will become the standard for every user within the next few weeks.

Low Rates Entice Companies to Borrow

via NYT > Business Day by By CHRISTINE HAUSER on 3/7/12

Money is cheap for companies with good credit, and they are piling into the corporate bond market. But what is good for borrowers may not be so good for lenders.

How Good Is the Housing News?

via NYT > Editorials by on 3/6/12

The housing market has shown signs of life recently, but prices are still falling. That means the market, and the broader economy, are not out of the woods by a long shot.

See more of Mike Nova's starred items ...

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