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
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
Economists are surprised by the strangest things. The UK has announced austerity measures, Greece, Spain, Portugal (3 little PIIGS) are in forced austerity programs, and Germany is paying more attention to deficit reduction than growth (rightfully so), yet somehow economists expect factory orders in Germany to keep improving. Please consider the Bloomberg report German Factory Orders Unexpectedly Fell in MayGerman factory orders unexpectedly fell for the first time in five months in May as …
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Economists Surprised Again as German Factory Orders Unexpectedly Fall
The mortgage financiers seized by the US government during the financial crisis have paid $635m in fees to banks this year, making them Wall Street’s biggest capital markets customers in the first half of 2010, according to recent analysis
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Fannie and Freddie are Wall Street’s top customers
A group of former Bank of America executives has agreed to acquire a chain of Florida banks for $175m as the first step in an ambitious plan to build a regional bank serving the southeastern US
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Ex-BofA executives buy Florida bank
Washington, DC – June 22, 2010 – (RealEstateRama) — Loan modifications and refinancings by Fannie Mae and Freddie Mac increased significantly in the first quarter as the volume of permanent modifications under the Administration’s Home Affordable Modification Program (HAMP) tripled, … Additionally, FinCEN today also provided updated guidance to the financial industry concerning new scam techniques that financial professionals should watch for and report. Foreclosure.com …
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Fannie Mae and Freddie Mac Loan Modifications and Refinancings …
Acergy and Subsea 7 agree a $5.4bn merger, in the first major consolidation in the oil services sector since BP’s Gulf of Mexico oil spill raised industry concerns of a regulatory clampdown on deepwater drilling activity
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Acergy and Subsea 7 agree $5.4bn merger
The acquisition of a £106m stake in the UK airport is believed to be the first big direct investment under an infrastructure programme that the US state pension fund launched several years ago
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Calpers buys 12.7% stake in Gatwick
Spirit Airlines, the ultra low cost carrier, is bracing itself for a pilot strike that could begin as soon as Saturday morning, in an action that would be the first walkout at a US passenger carrier in almost five years
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Spirit Airlines braces for pilot strike
For the first time ever, the FHA is issuing more mortgages than Fannie and Freddie. The reason is the FHA has lower down payments. Please consider FHA Home-Financing Volume Sign of ‘Very Sick System’. FHA lending last quarter may have …
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Banks Face Fraud From Short Sales as U.S. Home `Flopping' Schemes …
Liquidnet, a US-based independent operator of ‘dark pools’, will start offering its members the possibility to trade Mexican equities, claiming to be the first alternative trading system to do so
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Liquidnet to offer trading in Mexican equities
JPMorgan Asset Management plans to raise up to £200m for the first investment trust to take all its income from emerging markets
Michael McNamara, Vice President, Research and Analysis for SpendingPulse, observes Consumer Takes a Respite as Spending in Many Sectors Declines.The momentum in consumer spending that was building through the first quarter, seems to be taking a breather in the second quarter of 2010, at least so far. Financial volatility in the capital markets and ongoing macroeconomic issues could account for this shadow cast over the recovery in consumer spending. Some sectors seem to be responding to …
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MasterCard Study Says Consumer Spending Has Taken A Break
V-Shaped recovery proponents are crowing about auto-sales as GM U.S. Sales Rise 17%, Topping Analysts’ Estimates. General Motors Co. posted a 17 percent increase in May U.S. sales, the first time the automaker topped analysts’ forecasts since January, as customers snapped up Chevrolet Equinox sport utility vehicles and Malibu sedans. Deliveries rose to 223,822 from 191,875 a year earlier, the Detroit-based automaker said today in statement. GM was expected to report a 5.9 percent increase, …
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GM Auto Sales Rise 17% – Not as Impressive as it Sounds
The US government makes a profit on the sale of the first tranche of its 27% investment in the US financial group and intends to sell more of the shares in the next few months
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Treasury nets $1.3bn from Citi stake sale
For the first time ever, the FHA is issuing more mortgages than Fannie and Freddie. The reason is the FHA has lower down payments.Please consider FHA Home-Financing Volume Sign of ‘Very Sick System’.FHA lending last quarter may have …
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DIRECTIONS: How To Use FLORIDA DEFAULT LAW GROUP (FDLG) in MIAMI …
Mark Kurland, a former Bear Stearns hedge fund founder, has been sentenced to 27 months in prison, the first sentencing in the insider trading case against Raj Rajaratnam’s fund
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Fund founder jailed for Galleon role
Fannie Mae lost $11.5 billion in the first quarter while Freddie Mac lost more than $6.7 billion. After posting those massive losses, they asked for a combined additional sum of nearly $20 billion in government assistance. … made billions by creating, selling, and risk swapping trillions in bad mortgages, and now American taxpayers are on the hook for the worst of the losses, in addition to saving the bad banks with bailouts. This is the greatest scam ever perpetrated. …
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Fannie and Freddie Still Bleeding | News Gangster
After four years of comparable sales declines for the world’s largest DIY chain, Home Depot,has reported year-on-year growth for the first quarter
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US home improvement retailers
Berkshire Hathaway sold off 31.5m shares of Kraft in the first quarter, while the global food company was completing its acquisition of Cadbury, a deal that Warren Buffett had publicly criticised
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Buffett reduces Kraft stake in first quarter
Why we never lost our way on Wall St Hindustan Times On Friday, Oliver Stone's sequel to Wall Street premiered at the Cannes film festival. Readers of a certain age may remember the first Wall Street , … and more
The private equity group takes a step closer to a New York flotation as it reports a profit of $674.8m for the first quarter, in what is likely to be its last set of results before the planned share sale
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KKR moves closer to IPO on back of results
At the first Wisdom 2.0 several hundred spiritually minded technologists – from Buddhist nuns to yogic computer scientists – gathered for two days of panels and presentations on consciousness and computers
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Nirvana, the Silicon Valley way
Top officials from BP, Transocean and Halliburton pointed the finger at each other in the first of a series of congressional hearings, as legislators look for answers following last month’s Gulf of Mexico oil spill
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Oil chiefs play blame game over spill
The world’s largest consumer goods maker’s bonds will be the first corporate issuance in the Japanese market since December
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P&G gearing up for Y50bn samurai bonds
Goldman Sachs’ trading operations made money every single business day in the first quarter, a feat that was a first for the bank, but could fuel criticism of its business model and market behaviour
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Goldman and JPMorgan trading roars ahead
The US food group reported net revenues of $11.3bn for the first quarter 2010, a 26 per cent gain over the comparable period in 2009
The largest US retailer plans to open a smaller version of its successful store format in the Los Angeles area, one of the first of a new breed stores it hopes will fresh US growth
Archer Daniels Midland, one of the world’s largest grain traders and processors, reported a big boost in profits in the first three months of 2010 as it crushed more soyabeans
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Oilseeds boost ADM quarterly profits
It’s long overdue we elect Congressional representatives who will uphold the constitution, are fiscally conservative, and genuinely want to do something about bureaucratic waste and massive government spending. This is the first in a series of five profiles of candidates who I believe when elected will make a huge difference. Please check out where Edward Gonzales stands on the issues. My good friend, talks show host Charles Goyette, interviewed each of 5 candidates I am recommending. …
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Edward Gonzalez For California District 16
The troubled car and home lender earned $162m in the first quarter, compared with a loss of $675m a year ago, and said it would change its name to Ally Financial
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GMAC reports first profit since crisis
Global car production surged by more than 50 per cent in the first quarter of this year, confirming executives’ affirmations that the worst of the crisis in the industry that began after the banking meltdown in late 2008 has passed
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Carmakers pump up production
In the first quarter, BNSF helped Berkshire to double earnings in its regulated businesses to $555m, a unit that also includes it utilities holdings
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Buffett appears to win train buy bet
An upswing in crude oil prices, combined with rising production, result in Chevron, the US’s second-biggest petroleum producer, reporting a nearly $3bn increase in profit for the first quarter
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Chevron profits rise 150% in quarter
The Hartford Financial Services Group reported net income of $319m for the first quarter, compared to a $1.2bn loss for the same period a year earlier
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Hartford swings to positive quarterly income
The US’s biggest oil company reported a 38 per cent rise in earnings to $6.3bn in the first quarter, yet it continued to spend more than that to appease shareholders
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ExxonMobil profits rise 38% in first quarter
Earnings at CME Group, the US’s largest futures exchange, jumped 21% in the first quarter, topping analyst expectations as interest-rate derivatives trading saw high volumes
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CME profits lifted by high trading volumes
Walmart has launched a marketing promotion at its UK-based Asda supermarkets that marks the first time a leading global retailer has actively embraced the price transparency created by the internet
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Walmart’s Asda in internet price move
Crisis-hit Greece may be the first domino The Guardian The current system is a scam of epic proportions. “The reason Britain is not at present being targeted by the speculators is that the pound is able to float … and more
Telegraph.co.uk iPad users targeted by hackers Telegraph.co.uk Getting people to respond to something without fully thinking about it is how most of these scams , including this very one, work in the first place. … and more
ABC News Analysts' advice for Goldman: Cut losses Bend Bulletin The most profitable firm in Wall Street history will probably lose the first hurdle in court, a motion to throw out the suit because it lacks legal merit, … Goldman Execs Sold Shares After Fraud Notice: Report ABC News Questioning the SEC's case against Goldman Sachs InvestmentNews SEC staffers downloaded porn while Wall Street crumbled Los Angeles Times (blog) Telegraph.co.uk
Liquidators file a lawsuit against Nomura for allegedly trying to profit from the collapsed investment bank’s estate in the first of a series of anticipated moves against former trading partners
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Lehman sues Nomura over derivatives’ claims
McDonald’s recorded an 11 per cent gain in earnings for the first quarter over the comparable period last year, driven by strong same-store sales and favourable exchange rates
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Non-US sales drive strong McDonald’s results
The US bank said that it swung to a profit in the first three months of the year, as stronger trading revenues lifted its earnings
Fiat reported roughly breakeven earnings in the first quarter and confirmed that the US carmaker it allied with last year is in line to break even on an operating level
Earnings of $1.6bn for the first quarter, a 20 per cent gain over the comparable period a year ago, is driven by strong growth in Latin America, Africa and Asia-Pacific
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Coke boosted by overseas sales
BBC News Oil prices tumble on Goldman charges AFP The charges are believed to be the first brought against a Wall Street firm for speculating on the collapse of the US housing market, which is still … COMMODITIES-Down on Goldman probe, China tightening talk Alibaba News Channel all 303 news articles
Bank of America, the largest US lender, said that it swung to a profit in the first quarter on the strength of its investment banking business
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BofA earns $3.2bn in first quarter
Google shook off the effects of the advertising recession in the first quarter of this year as its revenues jumped 23 per cent from a year ago
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Google shakes off effect of advertising slump
Foreclosure activity of all types spiked in the first quarter of 2010 according to RealtyTrac. Activity is now at an all time record of 932,234 properties. Please consider Foreclosure Activity Increases 7 Percent in First Quarter. April 15, 2010 – RealtyTrac