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Finding in Foreclosure a Beginning, Not an End
In a counterintuitive solution, nonprofits in Boston are selling houses back to owners after foreclosure.
An Exotic Technology May Be a Big Leap for Cellphone Cameras
A film coating for image sensors could improve camera performance, especially in low light, its maker says.
Megadeal for Michael Jackson?s Estate
After a series of multimillion-dollar deals gone sour, record companies backed away from them. Now there?s a new one, for a dead singer.
In Syndication, ?Curb Your Enthusiasm? Is Adding Content
Instead of cutting episodes of the show to allow commercials, the TV Guide Network will show the full episode, along with a panel discussion, to fill an hour.
Drilling Down: Sharing Sales Tips in a Smaller Circle
Teenage girls were more likely to alert friends to sales through phone calls or text messages, rather than using Facebook.
Reuters Breakingviews: Reining In Greed at Goldman
Goldman Sachs made a mistake by setting aside 49 percent of revenue in the first half of 2009 for pay for its employees.
Oil drops to near $80, extending Friday's losses
AP - Oil prices dropped to near $80 a barrel Monday in Asia, extending losses from Friday as a monthlong rally fizzled out.
RBI deputy says inflation may fall
Reuters - India's wholesale price index-based inflation may fall on a likely easing of food and oil prices, a Reserve Bank of India (RBI) deputy governor said on Monday.
BA facing busiest day of strike
Thousands more British Airways passengers are facing disruption as the cabin crew strike enters its third and busiest day.
Shell and PetroChina up Arrow bid
Royal Dutch Shell and PetroChina have an improved $4.3bn offer for Australia's Arrow Energy accepted.
Warning of 'sluggish' UK recovery
Economists at the CBI and Ernst & Young ITEM Club warn of a 'sluggish' recovery in the UK economy this year.
UK investor weighs up Pompey bid
A UK-based businessman with a 'substantial amount of money' is aiming to buy crisis club Portsmouth, according to the man fronting the bid.
China Begins Trial of 4 Rio Tinto Employees
An Australian executive and three other employees of the mining company went on trial on charges of stealing secrets and offering bribes in china.
US firms 'feel unwanted' in China
Many US firms feel increasingly unwelcome in China, according to an American Chamber of Commerce in China survey.
Alitalia cancels flights before airport strike
AP - Italy's national carrier Alitalia said it had canceled or delayed flights across the country because of a four-hour strike Monday by pilots, flight attendants and baggage handlers.
World stocks drop as Greek debt, India hike weigh
AP - Global stock markets fell Monday as worries about Greece's debt crisis and India's sudden interest rate hike rattled investors.
EU presidency wants Greek aid decision at summit
AFP - The Spanish presidency of the European Union said on Monday it would push the bloc to agree on financial aid for Greece at a summit this week, despite reservations from EU powerhouse Germany.
IMF calls for more Asian infrastructure
AFP - Asia's developing economies must invest more in infrastructure and social welfare to promote long-term growth in a region where millions fell back into poverty during the global economic crisis, an IMF official said Monday.
Oil prices lower in Asian trade
AFP - Oil prices dipped to near 80 dollars a barrel in Asian trade Monday, extending last week's losses caused by gains in the US dollar.
Rio Tinto Employees Say They Took Bribes in China
The admission by three employees of the British-Australian mining giant is a stunning confession at the start of their trial in China.
BA strike hits flight schedules
Dozens of British Airways flights have so far been cancelled on the third day of strike action by cabin crew.
Warning to UK motorsport industry
The UK's motorsport industry may lose its pole position without further government support, a committee of MPs warns.
Rio Tinto chief 'admits bribery'
An Australian executive of mining giant Rio Tinto told a court in the Chinese city of Shanghai he took bribes, an official says.
Olympic ticket schedule revealed
The London 2012 Olympic Organising Committee reveals when prices and ticket details for the Games will be released.
Clegg in cross-party deficit plan
The Liberal Democrats have called for the formation of a cross-party 'council for economic stability' to plan cuts in the budget deficit.
Lycatel investigated by regulator
The pre-paid phone card company Lycatel is being investigated by the telecoms regulator Ofcom.
Stock futures sharply lower ahead of opening
AP - Stock futures are falling sharply Monday as investors continue to worry about Greece's ability to repay debt.
Tiffany 4Q profit rises as sales regain sparkle
AP - Rising sales worldwide for jeweler Tiffany & Co., particularly during the holidays, boosted its fourth-quarter profit.
EU commission hopeful on bailout deal for Greece
AP - The European Union's commission says it is still hopeful that eurozone leaders can agree financial help for Greece this week despite a rebuff from Germany.
Williams-Sonoma beats Street
Reuters - Williams-Sonoma Inc reported a higher-than-expected quarterly profit on lower costs and strong holiday sales, prompting the home goods chain to forecast strong results in the current quarter and the full year.
EU's Barroso hopes to build consensus on Greece
Reuters - European Commission President Jose Manuel Barroso will do all he can to build consensus in the European Union over a mechanism to provide Greece with financial aid, the Commission said on Monday.
Australia's Arrow accepts Shell, PetroChina bid
AP - Arrow Energy Ltd., a major owner of gas assets in Australia, has agreed to a sweetened takeover bid from Royal Dutch Shell and PetroChina Co. worth Australian dollars 3.44 billion ($3.15 billion).
Should 'Private Equity' Pay for Junior's College?
BusinessWeek - Two college sports foster madness in American households come late March: basketball and mailbox-watching. Yes, 'tis the season when millions of high school seniors and their parents find out their college options, from where the applicants have been accepted to what kind of financial aid they'll receive. But with all the PhDs, MBAs, and other lettered luminaries produced by the American educational system, why haven't we come up with a better way to pay for college educations? No matter how you slice the numbers, the payoff from a college degree is high. ...
Ford?s Chief, Alan R. Mulally, Earned $17.9 Million in 2009
Alan R. Mulally?s compensation rose largely because of an increase in stock awards, even though he took a 30 percent cut in salary, to $1.4 million, for 2009 and 2010.
Greek Debt and U.S. Health Care Overhaul Weigh on Markets
Traders seem to be looking for clarity on Europe?s response to Greece, while also gauging the impact of the sweeping health care overhaul approved in Washington on Sunday.
Airlines in Europe Face Wave of Strikes
As a strike by British Airways cabin crew entered its third day, labor strife was spreading to other European airlines.
US firm wins UK tank-making deal
US defence firm General Dynamics has won a £4bn contract to build a new light tank for the British Army.
Germany 'to impose banking levy'
The German government plans to impose a levy on banks to protect taxpayers from the costs of state-funded bail-outs.
Extra Olympic tickets announced
The London 2012 Olympic Organising Committee reveals when prices and ticket details for the Games will be released.
Irn Bru maker increases profits
The maker of soft drink Irn Bru, AG Barr, reports full year profits of £24m, a rise of 5.3%.
GMTV rapped over consumer expert
GMTV was wrong to allow its consumer expert Martin Lewis to promote his commercial website, Ofcom rules.
Stocks retreat in early trading on Greece concerns
AP - Stock prices fell in early trading Monday as investors worry about Greece's ability to repay debt and the potential consequences for the global economic recovery.
Ford's Mulally makes $17.9 million in 2009
AP - Ford Motor Co. President and CEO Alan Mulally made $17.9 million last year, about 1 percent more than the year before, as the company struggled through the worst U.S. auto sales market in decades, according to a calculation by The Associated Press based on government filings.
E-Trade names new CEO; seeks reverse stock split
AP - E-Trade Financial Corp. said Monday that it has tapped former Citigroup Inc. executive Steven Freiberg as its new CEO, starting next month.
Biden says average tax refunds up about 10 percent
AP - Vice President Joe Biden says average income tax refunds are up nearly 10 percent to just over $3,000, largely due to various tax benefits in last year's economic stimulus bill.
Tiffany profit falls short; shares drop
Reuters - Tiffany & Co reported a smaller-than-expected quarterly profit as sales of lower-margin rough diamonds rose faster than its pricier and more profitable jewelry, and its shares fell nearly 4 percent.
Barroso presses Merkel on Greek aid, Athens warns
Reuters - The head of the European Commission challenged German Chancellor Angela Merkel to rise above domestic politics and agree on a financial safety net for debt-stricken Greece to help preserve European monetary union.
E*Trade names new CEO, plans reverse stock split
Reuters - E*Trade Financial Corp , an online broker beginning to emerge from painful mortgage lending problems, named former Citigroup Inc executive Steven Freiberg as its new CEO and said it plans a reverse stock split.
EU commission faces German resistance on Greek aid
AP - The European Union's executive challenged Germany's intransigence over financial help for Greece on Monday, asking that eurozone leaders agree on a package this week to finally put an end to its debt crisis and months of market turbulence.
Oil prices retreat below $80
AFP - Oil prices dipped under 80 dollars on Monday, extending last week's losses as traders adjusted for a strengthening US currency and a surprise Indian interest rate hike.
Chrysler to build all-electric version of Fiat 500
AP - Chrysler Group LLC says it will start making an all-electric Fiat 500 minicar for the U.S. market starting in 2012.
Markets Struggle but Start to Push Higher
Traders took in the overhaul of the U.S. health care system, but were also looking for clarity on Europe?s response to Greece?s debt crisis.
Rio Tinto group 'admit bribery'
Four executive of mining giant Rio Tinto told a court in the Chinese city of Shanghai they took bribes, officials say.
Greek economy 'to worsen' in 2010
Greece's economy is in a 'vicious circle' and will contract more severely than expected, the central bank warns.
Lufthansa pilots plan new strike
Pilots at Europe's biggest airline, Lufthansa, say they will stage a four-day strike in April after talks with management break down.
Insurer will sponsor Welsh rugby
One of Wales' largest employers, insurance firm Admiral, is revealed as the new sponsor of the national rugby team.
Financial tonic?
Will US health reform be good for the drugs industry?
Health care companies pull stock market higher
AP - Health stocks lifted the market Monday following House approval of an overhaul bill that would extend insurance to millions.
Geithner says bank overhaul must protect consumers
AP - Treasury Secretary Timothy Geithner says the administration will not accept a financial overhaul bill that does not provide strong consumer protection and restraints on risk taking by large banks.
Williams-Sonoma sees growth as customers return
Reuters - Williams-Sonoma Inc beat quarterly profit estimates and forecast strong results for the current fiscal year on signs that consumers are ready to spend more on home decorating, and its shares rose 10 percent.
UK Supreme Court considers prenuptial agreements
AP - This city filled with high-flying investment bankers is also known as the divorce capital of the world, thanks to the hefty financial settlements awarded by London courts and their willingness to ignore prenuptial agreements.
IMF looms as Germany balks at Greek aid
AP - German intransigence over bailing out Greece has raised the chances that the debt-laden country will be forced to turn to the International Monetary Fund for assistance, possibly by the end of this week, in an embarrassing setback for European political union.
U.S. Proposal for Bailout Tax on Banks Gains Support in Europe
Germany is set to move ahead with its own levy and Britain is expected to endorse a similar measure ahead of the Group of 20 meeting next month.
Rio Tinto Workers Admit Accepting Bribes in China
Three employees of the mining giant made stunning confessions at the start of their trial in China on Monday.
Greece?s Debt Tempers Health Care on Wall Street
Traders took in the overhaul of the U.S. health care system, but were also looking for clarity on Europe?s response to Greece?s debt crisis.
Divided Europe Pressures Germany on Greek Aid
France, Italy and Germany were squabbling ahead of a European Union summit meeting set for Thursday.
Biogen Accepts a Third Icahn Supporter to Board
The agreement heads off what would have been Mr. Icahn?s third proxy contest in three years at Biogen.
As the E.U. Does More, Fewer Tell About It
Around the globe, journalism jobs are being cut. In Brussels, the trend is acute, even though the Union is taking on a larger global role.
BA says strike will cost it £21m
BA says industrial action will cost £7m a day but says there will be little damage to its full-year earnings.
Williams-Sonoma 4Q profit rises sevenfold
AP - Williams-Sonoma Inc. said Monday that higher revenue helped lift its fourth-quarter profit more than sevenfold from a year earlier, when one-time charges hurt it.
SunTrust rating cut after recent stock rally
AP - The share price of SunTrust Banks has rebounded too quickly, an analyst wrote Monday, citing problem mortgage loans still on its books.
Exchange rate policy no panacea, cautions IMF official
AFP - Exchange rate policy is not a 'simple solution' to global economic imbalances, the IMF's second in command said on Monday against a background of tension over China's currency.
Moody's: Commercial real estate prices up in Jan.
AP - Commercial real estate prices rose for the third month in a row in January, according to a report issued Monday by Moody's Investors Services.
Gasoline pump prices highest since October, 2008
AP - Gasoline pump prices lingered at a 17-month high on Monday following a steady climb in recent weeks.
Google Will Redirect China Users to Uncensored Site
Google said it would close its China-based Web site and direct Chinese users to a Hong Kong-based uncensored version of its service, which may get blocked in mainland China.
Quick Committee Vote Expected on Financial Overhaul
The Senate Banking Committee is expected to move quickly to advance an overhaul to the full Senate on a party-line vote.
Proposal for Bailout Tax on Banks Gains Support
President Obama?s proposal for a direct tax on banks to pay for future bailouts is gaining momentum in Europe.
Feinberg to Examine Past Pay at 419 Firms in TARP
The Treasury Department's special master for compensation, Kenneth R. Feinberg, is planning to examine past executive payouts at 419 firms that received government bailout money in the fall of 2008, including Goldman Sachs, JPMorgan Chase and Morgan Stanley, a person close to the situation told DealBook on Monday.
Perseus Signs an EBooks Deal for the iPad
Perseus Books Group signs an e-book deal with Apple's iPad.
E.P.A. Moves to Tighten Drinking Water Standard
The agency?s administrator wants stricter regulations on four chemical compounds that can cause cancer.
Divided Europe Raises Likelihood of I.M.F. Taking Lead on Greek Aid
France, Italy and Germany were squabbling ahead of a European Union summit meeting set for Thursday.
Biogen Names Eric Rowinsky, a Third Icahn Supporter, to Board
The agreement heads off what would have been Mr. Icahn?s third proxy contest in three years at Biogen.
Google stops censoring in China
Google says it has stopped censoring its search results in China, setting itself up for a confrontation with the country's authorities.
BA says strike to cost £7m a day
BA says industrial action will cost £7m a day but says there will be little damage to its full-year earnings.
US firm wins UK tank deal
US defence firm General Dynamics wins a £4bn contract to build a new light tank for the British Army.
New way to use your tax refund to combat inflation
AP - Uncle Sam wants you — to save more.
French pres. shakes up Cabinet after vote losses
AP - President Nicolas Sarkozy dismissed his labor minister and reshuffled several other Cabinet posts Monday after leftists walloped his conservatives in France's regional elections — a defeat that exposed his inability to convince the public on his economic reforms.
Fannie, Freddie messy government tie tough to cut
Reuters - With the housing sector still on the ropes, the Obama administration on Tuesday will begin to sketch out plans for the market's two biggest financing pillars, Fannie Mae and Freddie Mac.
Boeing blasts German aid plan for Airbus A350
AFP - US aerospace giant Boeing lashed out Monday at news Germany plans a multibillion-dollar loan to develop Airbus's A350 airliner, ahead of a WTO ruling on EU aid to its European arch-rival.
Banking Panel Sends Financial Overhaul to Full Senate
A committee vote along party lines has effectively deferred a partisan struggle over the financial legislation?s provisions.
Toyota Will Replace Pedal for Owners Who Complain
The automaker has instructed dealers to provide replacement pedals only if customers? cars have already been repaired, and the owners asked for them.
Canadian Regulator Offers Plan on Cable TV Payments
The system will allow conventional television station owners to negotiate payments from operators of cable and satellite TV systems.
Markets Return to the Positive Side
Shares fluctuated in a tight range as relief about a health care overhaul bill was tempered by concern about debt problems in Greece.
I.M.F. More Likely to Lead Efforts for Greek Aid
European Union officials acknowledged that there was little chance of agreeing on an aid package this week.
Graphic economy
The state of the UK economy in pictures, in full.
AP Sources: Pay czar to widen compensation review
AP - The Obama administration's pay czar is launching a review of compensation for 25 top executives at all financial firms that received federal bailout money, according to three people familiar with the plan.
Earnings Preview: KB Home 1Q earnings
AP - KB Home, one of the nation's largest homebuilders, reports its fiscal first-quarter results before the stock market opens Tuesday.
Microcosm of the Housing Crisis on an Arizona Street
Arizona is one of five states that, with money from Washington, hopes to help some people hold on to their homes. But who deserves to be bailed out is raising questions of fairness.
Senate Bank Panel Clears Bill on Regulation
A committee vote along party lines has effectively deferred a partisan struggle over the financial legislation?s provisions.
U.S. Set to Expand Role in Protecting Air Travelers
New federal rules protecting air passengers, including a requirement that fliers be allowed to leave an airplane stuck on the tarmac more than three hours, will take effect April 29.
Ford?s Chief Earned $17.9 Million in 2009
Alan R. Mulally?s compensation rose largely because of an increase in stock awards, even though he took a 30 percent cut in salary, to $1.4 million, for 2009 and 2010.
Apple Adds 2 Publishers to Its Store for E-Books
Perseus Books Group and Workman Publishing Company, both independent publishers, signed deals with Apple to sell electronic version of their books on the iPad.
A Wave of Airline Strikes Sweeps Europe
Hurt by falling revenue and an uncertain economic outlook, European airlines have taken a hard line on costs.
On the Road: To Get a Good Seat, Check the Chart
The first thing any smart business traveler learns is how to avoid the dreaded middle seat.
TV Sports: Woods?s Interviewers Had Limited Time but Missed Chances
Tiger Woods revealed little in interviews with ESPN and the Golf Channel, but he wasn?t pressed for a lot, either.
In Canada, Plan to Let TV Stations Negotiate a Cable Fee
The system will allow owners of conventional television stations to negotiate payment from operators of cable and satellite TV systems.
Drug and Hospital Stocks Lead Markets
Shares fluctuated in a tight range as relief about a health care overhaul bill was tempered by concern about debt problems in Greece.
Banks 'to change lending targets'
Royal Bank of Scotland and Lloyds-TSB will be told in the Budget to change their lending targets, sources claim.
China media accuse Google of violating promises
AP - Reacting quickly to Google Inc.'s decision to stop censoring the Internet for China by shifting its search engine off the mainland, China is accusing the company of violating written promises.
Maguire Properties 4Q FFO loss balloons on charges
AP - Troubled office building owner Maguire Properties Inc. on Monday posted a sharply wider fourth-quarter loss, weighed down by charges related to several buildings whose mortgages it stopped paying last summer.
Geithner calls for housing finance revamp
Reuters - The U.S. mortgage finance system should be revamped, government guarantees should be clearly defined and risk priced accordingly, Treasury Secretary Timothy Geithner plans to tell Congress on Tuesday.
Google to Redirect China Users to Uncensored Site
Google said it would close its Web site based in mainland China and direct Chinese users to a Hong Kong-based uncensored version of its service.
US Air and Delta Reach Deal to Give Up Flight Slots
US Airways and Delta are pressing to get federal approval of a bigger deal to swap takeoff and landing slots in New York and Washington.
Show by Rosie Is Envisioned as Replacement for Oprah
Rosie O?Donnell?s new show is slated to begin in September 2011, the same month Oprah Winfrey?s show ends.
Proposals for Direct Taxes on Banks Gain Ground in Europe
Germany and Britain both plan levies on banks to offset the cost of any future bailouts.
Biogen Names Eric Rowinsky, 3rd Icahn Supporter, to Board
The agreement heads off what would have been Mr. Icahn?s third proxy contest in three years at Biogen.
Dealbook Column: Giving Wall Street a Head Start, Again
A judge?s recent decision could presage a larger effort by Wall Street banks to limit the distribution of news about their research.
India?s Woes Reflected in Bid to Restart Old Enron Plant
A former Enron plant is a monument to India?s corruption, cronyism and weak economic policies, all impediments to the country?s development.
Asian Stock Markets Head Higher
Asian shares rose on Tuesday, supported by investor expectations of a continued recovery in the world economy, and as tech stocks drew support from gains in U.S. peers.
Frequent Flier: After an Injury, the Delights of Business Class
Francesco Clark dove into a pool and injured his spinal cord. Since then, he has started a company and has found that in business class, life goes on.
Reuters BreakingViews: The Case for Ending the Mortgage Deduction
Mortgages should be made less attractive. That?s one lesson of the recent housing bubble and bust.
JetBlue Decides to Stay Based in New York
The chief executive of the airline said the company would not relocate its headquarters to Florida, delighting New York officials.
Debate on the future of Fannie, Freddie heats up
AP - There would be no housing market today without the government.
Barroso says Greek aid not a bailout: report
Reuters - European Commission President Jose Manuel Barroso has said any euro zone aid package for debt-stricken Greece would not constitute a bail-out as European Union partners clashed over possible financial support.
Asian shares up near 2-month peak; techs firm
Reuters - Asian shares rose on Tuesday and edged back toward a two-month peak hit last week, supported by investor expectations of an ongoing recovery in the world economy, and as tech stocks drew support from gains in U.S. peers.
eBay and NRF Team To Combat Online Retail Crime
NewsFactor - What do you get when you team the world's largest online marketplace with the world's largest retail trade association to take on organized retail crime? The hope is sweeping reform.
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