The battle for the Oklahoma car-rental operator intensifies with the New Jersey-based group making a cash-and-shares bid valued at $46.50 a share – a 17% premium to Hertz’s proposal
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Avis Budget offers $1.3bn for Dollar Thrifty
ConocoPhilips said it would sell its entire stake in Lukoil, bringing to a close its attempt to use the partnership with Russia’s second-biggest oil producer to develop business in the country
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Conoco to sell stake in Russia’s Lukoil
Last November, Amazon.com, the online retailer, flew a dozen of the top US literary agents to a day-long meeting at the company’s Seattle headquarters to try to tone down its image as the 800-pound gorilla of bookselling
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Amazon writes new chapter in strategy
Amazon is aiming to take digital reading into the mainstream as it rolls out a new generation of its Kindle e-reader ahead of the crucial holiday shopping season
Chris Viehbacher, the chief executive of Sanofi-Aventis of France, is poised to press ahead with a formal offer for Genzyme that could value the US biotech company at close to $19bn, people familiar with the matter said
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Sanofi set to make offer for Genzyme
(From swtimes.com) For the second consecutive year, The Chronicle of Higher Education has named the University of the Ozarks at Clarksville as one of the top U.S. universities for which to work. According to a U of O news release, it is one of 30 four-year colleges named to the 2010 “Great Colleges to Work For” honor roll, and was the only Arkansas university to make the list. The third annual survey recognizes colleges for specific best practices and policies, such as compensation and benefits, faculty-administration relations and confidence in senior leadership. U of O was recognized in the small university category – those with enrollments under 3,000. U of O was recognized among the top 10 small schools in nine of 12 categories: Collaborative governance, professional/career development programs, teaching environment, compensation and benefits, job satisfaction, work-life balance, confidence in senior leadership, supervisor or department chair relationship, and respect and appreciation. Read more.
Brit Insurance agreed to open its books to Apollo after the US private equity group submitted a third offer of £10.75 a share for the Lloyd’s of London insurer
Elderly scam allegation brings back 'Circleville 30' memories Lancaster Eagle Gazette Meanwhile, the men had done little to the home and tried to cash the check before their work was done. When the check didn't clear, they returned to the … and more
(From Forbes.com) Last month the U.S. Supreme Court issued a highly anticipated opinion, City of Ontario, California v. Quon, which sheds some light on an often overlooked, yet important, issue in many corporations today: technology and network use policies. The case highlights the importance of using these policies to address a company’s right to access information created and sent using work-issued technology in connection with an employee’s expectation of privacy in the workplace. Taking into account this important decision, companies must create, implement and enforce these policies, ensuring employees are aware that their actions may be monitored. Read more.
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Privacy Vs. Technology In The Workplace
World’s second-biggest aircraft maker says ‘bottlenecks’ might prevent output increases from matching expected rise in demand
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Boeing could be held back by supply chain
(From ABC.net.au) Wouldn’t it be great if rising demand on the health system led to an automatic increase in the health budget? Wouldn’t it be great if an increase in demand for peak-hour trains led directly to governments providing more of them? Wouldn’t it be great if governments responded to citizens need for services in the same way they respond to employers demands for more immigration. Australia has, we are told, a skills shortage. Presumably developing countries have much better education systems than ours as they, it seems, have a skills surplus. Does it seem a little bit weird that so many people from the rest of the world want to come to Australia for an education but, at the same time, so many Australian employers would prefer to employ people with skills obtained overseas? Does it seem strange that developing countries are better able to train doctors than a country like Australia? This does not mean that doctors from other countries should not be free to come to Australia if they wish to, but the idea that we have a shortage of doctors and other countries have a surplus is just absurd. The reality is that Australian governments have decided it is cheaper to let other countries invest in training and for us to poach them. Read more.
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For the love of profits: Australia’s skills shortage
I cannot help but laugh at economists who refuse to see the economy is slowing dramatically, and somehow think manufacturing is going to lead the way to recovery. Check out this headline on Bloomberg prior to the durable goods report: Orders for Durable Goods in U.S. Probably Rebounded in June July 28 (Bloomberg) — Orders for durable goods probably increased in June for the sixth time in the past seven months, showing business spending is supporting the U.S. recovery, economists said before …
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Durable Goods Orders "Unexpectedly" Sink; How did Economists Blow the Call?
(From ZDNet.com) University applications are going up, almost 12% this year in the UK alone and figures showing US applications on the increase though lagging behind other countries. But for every graduate level job, 70 graduates on average apply making the chances of post-graduate employment difficult. The economic downturn hasn’t helped things, with unemployment at record levels and an influx of graduate students adding to the numbers. But a controversy is brewing in the UK – and frankly worldwide as well – in regards to ‘modern’ degrees in computing, the digital age, and multimedia technology and the lack of actual workplace skills gained from such. Read more.
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Are digital degrees ‘useless’ without employment skills?
Sunrise, FL—June 8, 2010 -
The Guardian Goldman blocks worker from leading financial crisis walking tours The Guardian Everybody's favourite Wall Street bank, Goldman Sachs, has suffered a sharp sense of humour failure about a worker in its graphics department leading … and more
Gibson Dunn on GE's Oil-for-Food Fraud Case The American Lawyer … such settlement the SEC has struck with companies accused of paying kickbacks in the oil-for-food program, according to The Wall Street Journal. … and more
The deal, which gives Procter & Gamble the right to use the Olympic rings logo globally, is the first with the International Olympic Committee that covers multiple brands under one sponsor
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P&G in 10-year deal with Olympics
More homeowners are paying down their principal balances when they refinance their mortgages, reversing a trend that became popular during the housing bubble, when rising prices allowed borrowers to “cash out” by taking on more debt, Freddie Mac, the government-sponsored mortgage finance company, said
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US borrowers pay down mortgages
Strong demand for HTC’s Evo smartphone helped Sprint Nextel, the third largest US mobile network operator, add wireless subscribers for the first time in three years and report a narrower than expected loss in the second quarter
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Evo helps Sprint Nextel add subscribers
CPI Financial New Financial Law Contains Whistleblower Protections and Incentives Security Management Under the Dodd-Frank Wall Street Reform and Consumer Protection Act (.pdf), whistleblowers are directed to report fraud cases directly to the Securities and … Massive whistleblower incentives included in new Wall Street reform law Lexology (registration) Law Lets Whistle-Blowers Get Rich For Doing The Right Thing Forbes Letting Wall Street off the hook Socialist Worker Online American Thinker (blog)
The police union in Bay Michigan has resorted to scare tactics threatening more violence and masked terrorists if the city suspends a handful of police officers. Please consider Billboard Protest of Police Layoffs in Michigan Fuels Public Safety Debate Police officers in Bay City, Mich., are being called domestic terrorists after renting billboard space to trumpet that the layoffs of five police officers in the town could lead to more shootings, stabbings, robberies and beatings. The …
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Billboard Battle in Michigan – Police Scare Tactics
KRWG ALERT: Possible Door-To-Door Security System Sales Scam In Las Cruces KRWG 90.7 A handful of homeowners have reported that the solicitors claim to be representing a home security business and have asked in-depth questions about current …
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KRWG ALERT: Possible Door-To-Door Security System Sales Scam In Las Cruces – KRWG 90.7
68210http://nioca.org/index.php/florida-watch-out-for-conciliationmediation- scam /foreclosure/Florida2FMediation+ Scam 2010-07-28+163A16Lane+Houk ….. False Information, False Pretenses, False Representation, False Representations, Familiar Refrain, Familiarity, Families and money, Family Business, Family Houses, Family Realty, Family Shopping, fannie mae, Fannie Mae And Freddie Mac, Fannie Mae Mortgage, Fantasies, Fargo Home Mortgage …
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Florida: Watch out for Conciliation/Mediation Scam | National …
110140http://thepatriotswar.com/index.php/florida-watch-out-for-conciliationmediation- scam /homeowner-resources/Florida2FMediation+ Scam 2010-07-28+163A16Lane+Houk ….. False Information, False Pretenses, False Representation, False Representations, Familiar Refrain, Familiarity, Family Business, Family Focus, Family Houses, Family Realty, Family Shopping, Fannie Freddie, fannie mae, Fannie Mae And Freddie Mac, Fannie Mae Mortgage …
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Florida: Watch out for Conciliation/Mediation Scam | War on the …
Smartphones prove a boon for the mobile phone retailer as first-quarter demand for the higher-priced handsets help boost sales in Europe by 3.7 per cent.
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Smartphone sales lift Carphone Warehouse
The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the …. This is the greatest Ponzi scam mafia ever. They should all pay BIG TIME! mrburnone. July 28th, 2010 – 16:39. How can one still speak about  “leadership irresponsable”? what we have in place of pure corruption and simple à all levels. …
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The Infamous Bail-out Of Fannie and Freddie | My Insurance Haven
Got flood damage? Watch out for home repair scams Chicago Sun-Times Illinois law requires a written contract listing all costs for home repair or remodeling work over $1000. • Be wary of contractors who demand full payment … and more
Obama to Congress: Aid small biz Politico The first lady's work space is a rarely-seen part of the White House. A provision of the Wall Street reform bill will affect women and minorities. … and more
One can’t help but laugh at headlines touting a huge 23.% jump in new home sales given that the “jump” was to the second worst month in history, dating back to 1963. Dave Rosenberg puts the headline jump into perspective in Housing Data Are Not Supportive.Market sentiment is positive and as a result of the market going straight up, people believe that the economic data are somehow getting better. Not the case at all. April new home sales were revised DOWN to a 422k annual rate …
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New Home Sales and Bear Market Math
Bridal show run by Brookline woman unveiled as scam Tribune Review Karen Tucker, 47, was arrested yesterday morning at her home and made an initial appearance before a Pittsburgh federal magistrate. … and more
A court-appointed examiner of the publisher’s 2007 buy-out found evidence of ‘dishonesty and lack of candour’ in the deal that led to the group’s insolvency
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Tribune deal marred by ‘dishonesty’
The world’s largest real estate consultancy reports the strongest growth in revenue and earnings since 2007 as it benefits from the global recovery in commercial property activity
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CBRE upbeat on global recovery
Carmakers unveil initiatives leading up to the roll-out of competing models this year, with range anxiety high on the list of hurdles to acceptance
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GM and Nissan sound the charge for electric cars
A call from Ontario Teachers Pension Plan to vote against Sir John Bond’s re-election to the board fails to win widespread backing from other investors
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Vodafone sees off threat by rebel investor
RushLimbaugh.com (subscription) Liberal Policies, Not Capitalism, Caused This Economic Condition RushLimbaugh.com (subscription) These people who are creative on Wall Street had to come up with ways to make these worthless mortgages worth something, so they created all this stuff. …
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Liberal Policies, Not Capitalism, Caused This Economic Condition – RushLimbaugh.com (subscription)
Scam Alert: Cheap off-campus student housing 13abc.com University of Toledo students Na'Tasha Nunn and Arielle Weaver thought an ad on the popular website Craigslist.com for a 3-bedroom home not far from campus … and more
A leading Tomkins shareholder has expressed anger at the price and management incentive package in an agreed takeover bid from a Canadian consortium
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Tomkins investor angry at bid deal
Commercial lender reports second quarterly profit since emerging from bankruptcy protection and says it plans to restructure some high-cost debt
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CIT Group reports profit
Workplace morale has hit an all-time low, with record falls in job satisfaction and two out of five personnel saying they would leave their current employer if they could find a better job. According to a survey among 2,000 staff undertaken by the Chartered Institute of Personnel and Development (CIPD), job satisfaction has dropped to its lowest ever level of +35 compared with +36 last quarter and a high of +46 in the summer of 2009.
(From Gradkin Blog) — With the current view that the generational gap in the workforce is as wide as ever, it’s spurred a recent push by companies to better understand the Gen-Y recruitment landscape. Many companies that had previously been satisfied with their talent management strategies, now realise that methods of old aren’t as applicable anymore. Graduate recruitment like other functions of a business needs to evolve with time. Human Resource professionals globally are in a constant state of incertitude as they try to figure out the answer to “How do we attract Gen-Y talent?”. The reason for the uncertainty really lies in a lack of understanding of today’s millennials. When you can get inside their head though and understand exactly what motivates them, tailoring your recruitment processes around it leads to a winning attraction strategy. The issue is complicated further with a War for Talent reemerging as the global economy recovers. Not only are employers desperate to attract the right talent, they do so in an increasingly competitive job market – start-ups, SMEs and MNCs are all fighting over the best talent and the companies with the most persuasive stories win. So, how exactly do companies ensure they stand out when attracting Gen-Y talent? Read more.
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4 Steps to Attracting Gen-Y Talent
(From Harvard Business Review) — Tony Hayward’s expected departure as CEO of BP today won’t be the biggest surprise; the surprise is that it’s taken so long. (I called publicly for his resignation some time ago.) The Case of Tony Hayward and the Gulf Oil Spill will be fodder for business school discussions for years to come, as a how-not-to-do-it guide for leadership when disaster strikes. Mr. Hayward must have studied management in a parallel universe, where a set of anti-rules for bad leadership are taught. Here’s what I imagine are those anti-rules. Deny and minimize problems. Drop any mention of the high-minded principles you announced at the beginning of your term, such as safety and a culture that puts people first. Sweep them under the rug as you play down the significance of the crisis. Or better yet, find someone else to blame—a supplier, a business partner, a lowly employee or two. Emphasize your own power and importance. Keep yourself front and center all the time. Rarely bring forward the rest of the team, nor even indicate that it’s a team effort. Make the story all about you. Talk about your heavy burdens and the costs to your life. When forced to acknowledge the true victims, pay lip service. Never apologize, and don’t even pretend to learn from your mistakes. Brush off public disapproval, and persist in the same mindless behavior that provoked criticism in the first place. Hang onto your job even when it’s clear you should go, in order to negotiate the highest severance package, whether you deserve it or not. Don’t even consider a deferred resignation to allow for smooth suggestion. Cling to power, and keep everyone guessing to the very end. Just reverse these rules, and the outcome could have been different. Good leaders must face facts, prepare for the worst case scenario, draw on the whole team, show constant concern for stakeholders, acknowledge mistakes and not make the same ones twice, and do the honorable thing if getting in the way of company progress. BP, in fact, mobilized thousands of employees and former employees from around the world to work on the Gulf Oil spill; the saga of Mr. Hayward now seems peripheral to the main action. Read more.
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Leadership Tips from Tony Hayward (or Not)
New wave of whistle-blowers could become millionaires USA Today By Paul Burns, Lifesize/Getty Images By Eamon Javers, CNBC Under little-noticed new provisions of the Dodd-Frank Wall Street reform law, whistle-blowers … and more
The Big Four accountants dominance of auditing is facing mounting international scrutiny after the UK’s House of Lords launched a review into the firms’ role in the financial crisis
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UK Lords take long hard look at Big Four
Congressman Boehner answers a question from John in Liberty Township, who asks, “When are we going to really focus on financial reform and go after Fannie Mae and Freddie Mac? … and what your saying may not be totally correct and if some of it is, then blame the politicians there who control the flow of funds or who gets what contracts.. look at the BIG DIG in Massachusetts.. what a scam that is.. how do you go over budget by a few billion dollars and get away with it ? …
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Constituent Mailbag: Your Questions Answered On Financial …
General Electric has agreed to pay $23.5m to settle allegations from US regulators that its subsidiaries bribed Iraqi officials to win contracts under the UN Oil for Food Programme between 2000 and 2003
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GE pays $23m after Iraq probe
Consumer confidence has plunged to 50.4. To put the number in perspective, it was averaging 98 in the last expansion. Bloomberg reports U.S. Economy: Consumer Confidence Slips to Five-Month LowThe Conference Board’s sentiment index fell to 50.4, below the median forecast of economists surveyed by Bloomberg News and the lowest level in five months, figures from the New York-based private research group showed today. Another report showed home prices rose more than forecast in May as a …
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Consumer Confidence Sinks to 50.4, a 5-Month Low; Home Prices Rise; Case-Shiller a Very Lagging Price Indicator
Fannie shares jumped 18% to 32 cents, while Freddie gained 16% to 36 cents. The companies have lost almost all their market value after slumping house prices and surging mortgage defaults forced the U.S. government to take them over in 2008 . … This scam began not long before the peak of the housing market.. Now, there are many people who have lost jobs which affects credit ratings which allows the insurance companies to raise rates. It seems as though what is happening …
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VACANCIES 'R' US – The Burning Platform, financial collapse …
Lockheed Martin, the world’s largest defence contractor by revenues, reports second-quarter results that beat analysts’ earnings estimates but fall slightly short of forecasts for revenues
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Lockheed reports rise in profits
Categorized | Trusts, assignment of mortgage, chain in title, fannie mae, foreclosure, foreclosures, mortgage, non disclosure, servicers, trustee, truth in lending act …. S.E.C., saxon mortgage, scam , securitization, servicers, settlement , sewer service, shadow foreclosures, shapiro & fishman pa, short sale, siva, spear & hoffman, Steven J Baum, steven mnuchin, stock, STOP FORECLOSURE FRAUD, stop foreclosure fraud, stopforeclosurefraud.com, sub-prime, Supreme Court …
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Fannie Mae Requirements for Document Custodians |
While a bold attempt at preventing unnecessary foreclosures, the analysts at Moody’s Investors Service argue that the GSE may encounter snags ahead since figuring out who to penalize for strategically walking away will be a significant …
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Moody's Questions Feasibility of Fannie Mae's Strategic Default …