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
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
(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 -
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
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
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 …
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
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
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’
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
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
(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
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
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 |
The deal extends Google’s dominance of the global search market and cuts off another avenue for Microsoft’s Bing to make substantial gains, as Yahoo struggles to increase revenues
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Google to power Yahoo Japan web search
SEC pays $1 million to woman who ratted on her ex Washington Post (blog) One of Wall Street's best-known hedge fund managers is targeted, but the feds can't find proof. Years pass, and they close the case. … and more
The summer stock market blast higher has wiped out the conviction of short sellers. Bears are back in hibernation and Stock Short Sales at 2-Year Low, Data Explorers Says.Investors are exiting bearish bets on global equities, pushing bullish wagers on stocks to a two- year high versus short sales, according to Data Explorers. The firm’s long-short ratio has risen to 9.5, having surged from 5.75 in September 2008 when Lehman Brothers Holdings Inc.’s collapse intensified the financial crisis, …
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Bears Go Into Hibernation – Stock Short Sales at 2-Year Low
'Stranded traveler' e-mail scam hitting computers Naples Daily News Allison Blankenship awoke one morning to a flurry of phone calls from back home in Naples. Friends and family were concerned she had been robbed and left … and more
Marcophiles: Local couple brings home another national dancing prize Naples Daily News And they left with a now dry work ready to hang at home in Atlanta. “The best part for the whole day, for me, was the big hug I got and many thank yous from … and more
Examiner.com Citibank iPhone app accidentally saves personal information Examiner.com The Wall Street Journal reports that the Citicard iPhone app has a glitch in it whereby it has saved personal account information. … and more
Minnesota, God and the $190 million fraud CNNMoney Kiley called his listeners “truth seekers” and appealed to their distrust of Wall Street and the government. Cook said that he could trade currencies with …
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Minnesota, God and the $190 million fraud – CNNMoney
Police probe Salisbury paving company The Daily News of Newburyport Snow insists he is not running a scam , that his work is under warranty, and that if he were not on the up and up, his trucks would not have large letters on … and more
' Work -at- home ' scam snared Elgin mom The Courier News Perez found herself caught in what the Better Business Bureau calls a ” work -at- home scam .” It took Perez months of phone calls and complaints to untangle … Better Business Bureau's tips for storm victims ABC7Chicago.com all 4 news articles
Here is an interesting story with an Oregon slant that reflects problems all states now face. Please consider Oregon budget stands at precarious crossroad.Oregon government stands at the edge of a financial chasm as precarious as any in its 151-year history, hemmed in by the global recession, questionable spending decisions and a budget-draining combo of skyrocketing expenses and sluggish growth. Consider this sobering fact: State expenses, including payroll, health and retirement benefits, …
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Edge of Financial Chasm
The Economist (blog) Fox News's 50-state Southern strategy Salon I was home . The attempted slur was silly. The most important point is this: Fox News has, sadly, become the purveyor of a 50-state “Southern strategy,” the … Rush: 'Breitbart was exactly right' Big Government (blog) all 3,017 news articles
Apollo Management, which last year looked likely to be one of the victims of the global financial crisis, has staged a strong recovery, in large part due to the way it has taken advantage of the rally in debt markets and its strength in investing in distressed companies
Private equity group Apollo Management will establish a new bank under an obscure provision buried in the US financial regulations signed into law last week.
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Apollo exploits loophole to create new bank
Here is an interesting pair of stories at odds with each other, the first article is about problem loans at Chinese banks, the second is about a rating agency mud fight. Bloomberg reports Chinese Banks See Risks in 23% of $1.1 Trillion Loans Chinese banks may struggle to recoup about 23 percent of the 7.7 trillion yuan ($1.1 trillion) they’ve lent to finance local government infrastructure projects, according to a person with knowledge of data collected by the nation’s regulator. About …
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Chinese Banks Face Default Risk on 23% of $1.1 Trillion Loans; Chinese Rating Agency Criticizes Moody’s, Fitch, S&P
OregonLive reports PERS rates for state agencies will more than double in 2011.The actuary for Oregon’s Public Employee Retirement System confirmed Friday what is already a common-knowledge piece of the state’s looming budget shortfall: the cost of funding PERS will increase sharply in 2011. Mercer Inc. told the PERS board Friday that systemwide, the payroll rates paid by cities, counties, school districts and state agencies to cover their employees’ pension and health care benefits will more …
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Oregon’s Public Employee Retirement System (PERS) in Deep Trouble, Taxpayers on the Hook
Now under Fannie Maes new guidelines, that tenant, if they are lucky enough to have Fannie Mae own that property, or own that note, you may actually get to stay in the house because Fannie Mae has some new guidelines that … …
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AZ REFI – Foreclosure Meltdown Fraud and Scams – Avoid Foreclosure …
Couple's car scam runs out of gas phillyBurbs.com When police set up surveillance of the Russian couple's home , Corvettes, Audis and other high-end cars backed into the driveway where young men tinkered …
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Couple’s car scam runs out of gas – phillyBurbs.com
Gretchen Morgenson: Wall Street Refused To Stop Shady Practices In Order To … Huffington Post (blog) The biggest bet which has paid off immensely for Wall Street is banking on the American people's ignorance. The truth is they have bought most of the … Seeing vs. Doing New York Times all 2 news articles
Why is Face the Nation hosting John Fund despite his history of falsehoods? Media Matters for America On July 25, Face the Nation will host Wall Street Journal columnist John Fund, who has pushed phony allegations that the Justice Department engaged in … and more
Washington Post Digging into finance's pay dirt: The risky business of payday loans and more Washington Post Chris Dodd's bill “financial reform” and started calling it ” Wall Street reform.” Most of the headlines and news releases on the sweeping legislation …
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Digging into finance’s pay dirt: The risky business of payday loans and more – Washington Post
I have received over a hundred Emails in the last few days regarding the city of Bell, California. I usually stay away from these kind of stories because most have seen them. However, in the interest of stopping a further chain of emails, and more importantly discussing what if anything can be done, let’s do a quick recap of events. July 20, 2010 – Citizens Protest City Administrator, Council Member Salaries Californians Protest City Manager’s $800,000 SalaryHundreds of residents of one …
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Bell California Emails Gone Viral; Citizens Protest $800K Salaries; City Manager Resigns; Can Anything be done about $600,000 Public Pensions?
In response to Bernanke Says Economic Outlook is “Unusually Uncertain”, Fed Prepared for “Actions as Needed” I received this comment from “Economics Teacher”. ET Writes… Ben is forecasting uncertainty and saying the Fed’s prepared for action as needed. Did Uncle Ben strain his cerebrum coming up with that one (forecasting uncertainty)? I suppose there’s a difference between “unusually uncertain” and “typically uncertain.” Either way it …
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Bernanke is "Unusually Uncertain" – Is that an Improvement?
Here is a Dear Abby kind of question that I get all the time. A reader asks .. Hi Mish, My girlfriend just got her MBA and wants to become an “Executive Coach.” Considering we are heading into a depression and many companies/industries will go bye-bye, any ideas on what industries might be good to focus on? Thanks, ToddHello Todd I do not mean to sound harsh, but her odds of becoming an executive coach are likely close to zero. What real world experiencing does she have in …
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Mish Mailbag: Job Seeking Advice
I have commented many times on US Consumer and Corporate Frugality but inquiring minds might be interested in happenings down under. Frugality has gone global. Predatory Customers Addicted to Discounts The Herald Sun reports Retailers could take years to recover because customers addicted to discounts.A bargain frenzy since the global financial crisis has led consumers to expect and accept only slashed prices. The dire forecast, from market research company TNS director Chris Kirby, …
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Frugality the New Reality in Australia; Predatory Customers Addicted to Discounts
Maywoood, California outsourced all city services including police and fire. The unions predicted dire consequences. Well, not only did the sky not fall, but services have improved. Please consider A City Outsources Everything. Sky Doesn’t Fall. While many communities are fearfully contemplating extensive cuts, Maywood says it is the first city in the nation in the current downturn to take an ax to everyone. The school crossing guards were let go. Parking enforcement was contracted out, …
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News Alert: Sky Does Not Fall
I have a few more candidates that I would like you to consider supporting in the upcoming mid-term elections. The first of these candidates is Deon Long, running in Florida’s 24th Congressional District. Please check out Where Deon Long Stands on Issues. Deon Long Writes … Dear Mish, I am in a five-way primary battle for the Republican nomination in Florida’s 24th Congressional District. I am running to represent Florida’s24th Congressional District because America needs to …
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Deon Long for Florida District 24