Archive for September 8th, 2010

Google unveils key update on searches

Posted on September 8th, 2010 in Economy | Comments Off

Google has unveiled changes to the way it presents search results in what it described as one of the most significant updates in its 12-year history

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Google unveils key update on searches

NY Republican candidate: I’m no sheriff of Wall St – Reuters (press release)

Posted on September 8th, 2010 in Wall Street Scams | Comments Off

NY Republican candidate: I'm no sheriff of Wall St Reuters (press release) NEW YORK (Reuters) – The sole Republican candidate for New York attorney general says he does not want to be the next “sheriff of Wall Street ” … and more

NBC tackles King’s Dark Tower novels

Posted on September 8th, 2010 in Economy | Comments Off

In a first-of-its-kind project, NBC will use its television and film properties to adapt Mr King’s seven books through three feature films and a network television series

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NBC tackles King’s Dark Tower novels

Owner of Legacy Lending Sentenced for Involvement in $20 Million …

Posted on September 8th, 2010 in Scams | Comments Off

Angelo Mozilo created MERS with Freddie Mac and Fannie Mae, and other government agencies as paperless system to scam homeowners out there homes. Along with the congress and Senate members has allowed this nightmare to destroy the …

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Owner of Legacy Lending Sentenced for Involvement in $20 Million …

Olympic Disaster in Vancouver, Taxpayers on Hook for $1 Billion "Ghost Town"

Posted on September 8th, 2010 in Economy | Comments Off

It boggles the mind to think that anyone can possibly think of Olympics as doing anything more than throwing taxpayer money straight down the toilet. Of course vendors and real estate agents do not give a damn about the long-term consequences as long as a quick buck can be made. Now it’s payback time as Vancouver taxpayers on hook for $1-billion as most Olympic Village units unsoldSixty-six per cent of Vancouver’s pricey Olympic Village condos remain unsold — a total of 483 units at the …

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Olympic Disaster in Vancouver, Taxpayers on Hook for $1 Billion "Ghost Town"

BP shares out thunder for its perfect storm

Posted on September 8th, 2010 in Economy | Comments Off

The UK group’s internal inquiry reveals a combination of mistakes, mechanical failures and design faults that led to the accident on April 20 in the Gulf of Mexico

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BP shares out thunder for its perfect storm

Prosecutor launches new front in the war on Wall St fraud – Financial Times

Posted on September 8th, 2010 in Fraud, Wall Street Scams | Comments Off

Prosecutor launches new front in the war on Wall St fraud Financial Times A top federal prosecutor in New York will on Thursday declare another front in the war on Wall Street fraud , focusing new … and more

Whirlpool Corporation Embarks on 70-City Training Tour

Posted on September 8th, 2010 in Unemployment News | Comments Off

BENTON HARBOR, Mich., Sept 07, 2010 /PRNewswire via COMTEX/ — Although not as famous as the latest summer tours of Bon Jovi or Lady Gaga, Whirlpool Corporation will soon be packing up and hitting the road as well. The seven-week initiative, “Whirlpool Corporation on Tour” will train sales associates in 70 cities across the United States on the latest new product innovations and key selling points of Whirlpool Corporation’s appliances. “Whirlpool Corporation on Tour makes learning about the company’s products easy and entertaining,” said Liz Okon, Sales Training Manager at Whirlpool Corporation. “By bringing the training tools and field experts to sales associates across the nation, we are providing an unmatched, hands-on learning experience. A well-educated sales team offers customers better in-store experiences, and gives companies more opportunities to grow their business.” Read more.

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Whirlpool Corporation Embarks on 70-City Training Tour

Goldman now faces large fine in UK

Posted on September 8th, 2010 in Economy, Fraud | Comments Off

Blow to Goldman’s efforts to put the high-profile fraud case behind it following the bank’s settlement with the US Securities and Exchange Commission probe in July for $550m

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Goldman now faces large fine in UK

Glassdoor offers view inside firms like HP

Posted on September 8th, 2010 in Unemployment News | Comments Off

If the workplace review site Glassdoor is to companies what Yelp is to restaurants, then Hewlett-Packard Co. employees gave former chief executive Mark Hurd only two stars, but remain hopeful of a four- or five-star successor. In the past, those kinds of inside insights into employee morale at any corporation could be locked away behind closed doors. But in the open world of the Web, sites like Glassdoor have moved those sentiments into the open market, giving voice to rank-and-file workers in a way that no company suggestion box ever could. Read more.

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Glassdoor offers view inside firms like HP

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Piers Morgan to replace Larry King

Posted on September 8th, 2010 in Economy | Comments Off

Piers Morgan is to replace Larry King, the host for 25 years of CNN’s nightly interview show, in the US cable news channel’s latest effort to reposition itself for an era of intensifying competition

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Piers Morgan to replace Larry King

Subprime 2.0 Is On Its Way – Cinema News

Posted on September 8th, 2010 in Scams | Comments Off

On the second anniversary of the bailouts of Fannie Mae and Freddie Mac, it’s now viewable which diseased lending standards, portion the domestic seductiveness of affordable housing for all, were the categorical reason for the US’s debt meltdown. … Substituted was a scam of liberalised lending standards that turned out to be no standards at all. In 1990, one in 200 home-purchase loans (all government insured) had a down payment of less than or equal to 3 per cent. …

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Subprime 2.0 Is On Its Way – Cinema News

Consumers Shun Credit Cards – Credit Card Usage Drops, Debit Card Usage Rises

Posted on September 8th, 2010 in Economy | Comments Off

Consumers have had enough of high interest rates on credit cards but its a case of one plastic for another. Bloomberg reports Cardholders Prefer Debit as Credit-Card Use FallsAmericans are shunning their credit cards and using debit to avoid incurring more debt, said Javelin Strategy & Research. Total payment volume for debit cards surpassed credit-card volume for the first time in 2009 and will continue to eclipse it in 2010, according to a report released today by the Pleasanton, …

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Consumers Shun Credit Cards – Credit Card Usage Drops, Debit Card Usage Rises

Hurd set for $11m pay deal at Oracle

Posted on September 8th, 2010 in Economy | Comments Off

Mark Hurd could make nearly $11m a year in his new position at Oracle, putting him back among the tech industry’s highest-paid executives following his forced resignation as head of Hewlett-Packard last month

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Hurd set for $11m pay deal at Oracle

Five Scams on Upswing as Many Buying Foreclosures, Attempting …

Posted on September 8th, 2010 in Fraud, Scams | Comments Off

… according to Fannie Mae, which provides fact sheets on mortgage fraud. 2. Loan Documentation Fraud. The Scam : This fraud involves numerous schemes in which a borrower provides inaccurate financial information — such as about their …

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Five Scams on Upswing as Many Buying Foreclosures, Attempting …

‘Sequence of failures’ caused Gulf spill

Posted on September 8th, 2010 in Economy | Comments Off

Oil group faults its own engineers but says mistakes were also made by its partners Transocean and Halliburton that led to the disaster, which killed 11 people and led to the largest offshore oil spill in history

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‘Sequence of failures’ caused Gulf spill

Indians in Oz give mixed response to Labor’s return to power – Deccan Herald

Posted on September 8th, 2010 in Uncategorized | Comments Off

Indians in Oz give mixed response to Labor's return to power Deccan Herald On the education scam in Australia, Gupta pointed out that Gillard was the Education Minister when the whole scandal was unfolding. … and more

Goldman Sachs hires top UBS corporate broker

Posted on September 8th, 2010 in Economy | Comments Off

Goldman Sachs poaches one of UBS’s senior bankers in London, dealing a blow to the Swiss bank’s corporate broking franchise

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Goldman Sachs hires top UBS corporate broker

Top 10 Job Scams That Target the Unemployed – DailyFinance

Posted on September 8th, 2010 in Scams, Work From Home Scams | Comments Off

Top 10 Job Scams That Target the Unemployed DailyFinance Often, the scammers will promote on search engines such search terms as “jobs for moms” or ” work at home scam free” to attract unsuspecting victims. … and more

Paulson & Co hit by US economic woes

Posted on September 8th, 2010 in Economy | Comments Off

Investor says the world’s third-biggest hedge fund manager’s bullish bets on the US housing market and economy generated losses of 9.13 per cent in August for its Recovery fund

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Paulson & Co hit by US economic woes

Vodafone

Posted on September 8th, 2010 in Uncategorized | Comments Off

By being patient, the company can prove it is better at selling stray assets than it was at buying them

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Vodafone

Con man could get life under Calif. 3-strikes law – Las Vegas Sun

Posted on September 8th, 2010 in Work From Home Scams | Comments Off

Con man could get life under Calif. 3-strikes law Las Vegas Sun He targets elderly people whose wealth, accumulated over a lifetime of work , is their home .” The district attorney's office has a policy of not …

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Con man could get life under Calif. 3-strikes law – Las Vegas Sun

No price, big fine for local retailers – South Coast Today

Posted on September 8th, 2010 in Work From Home Scams | Comments Off

No price, big fine for local retailers South Coast Today Advertisements for work -at- home schemes should be taken with a grain of salt. While many legitimate businesses let their employees work from home , many scam … and more

European Credit Stress Returns With Vengeance – Irish, Portuguese Bond Spread at All Time High – Yen Soars – Gold Hits All Time High

Posted on September 8th, 2010 in Economy | Comments Off

The risk aversion trade was back in play today with treasuries, the dollar, the Yen, and gold all rallying while the Euro and European government bonds (except German Bunds) were under significant pressure. Please consider Stocks, Irish Bonds Drop, Gold, Yen Rally on Europe ConcernStocks slid, while Greek, Portuguese and Irish bonds tumbled, gold rose to a record and the yen surged to a 15-year high versus the dollar on concern Europe’s debt crisis will worsen. U.S. and German bonds …

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European Credit Stress Returns With Vengeance – Irish, Portuguese Bond Spread at All Time High – Yen Soars – Gold Hits All Time High

‘Lightning rod inspection’ scam reported – Peoria Journal Star

Posted on September 8th, 2010 in Work From Home Scams | Comments Off

'Lightning rod inspection' scam reported Peoria Journal Star 27 at her home in the 21000 block of West Farmington Road. Two women in the truck said they were conducting required lightning rod inspections and asked for …

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‘Lightning rod inspection’ scam reported – Peoria Journal Star

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Maloney, Saujani in Primary Debate – Wall Street Journal

Posted on September 8th, 2010 in Wall Street Scams | Comments Off

Maloney, Saujani in Primary Debate Wall Street Journal Ms. Maloney said those fund-raisers were set up “long before” she was appointed to a committee on Wall Street reform. Ms. Maloney insisted she is a strong … and more

Subprime 2.0 Is Coming Soon to Suburb Near You: Edward Pinto – Bloomberg

Posted on September 8th, 2010 in Wall Street Scams | Comments Off

Subprime 2.0 Is Coming Soon to Suburb Near You: Edward Pinto Bloomberg A secondary narrative points to a greed-driven Fannie Mae and Freddie Mac abandoning their credit standards in an effort to follow the lead of Wall Street . … and more

Luxury lodging makes a comeback

Posted on September 8th, 2010 in Economy | Comments Off

Amid cautionary words on the recovery, Starwood, the 1,000-plus hotel operator, has beaten expectations in July and now believes it has cause for optimism

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Luxury lodging makes a comeback

CFTC discusses derivatives rules with Wall St

Posted on September 8th, 2010 in Economy | Comments Off

A US regulator is calling on Wall Street firms’ expertise as it seeks to write rules to monitor the same firms’ derivatives dealings for the first time

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CFTC discusses derivatives rules with Wall St