Daily Digest for 2009-02-20

blog (feed #1) 1:00am U.S. employers expect steady rise in health costs
blog (feed #1) 1:21am Late-Day Drop Sends Dow Below 7,500 Threshold
blog (feed #1) 1:23am Troubled homeowners may get help from judges
(AP)
blog (feed #1) 1:25am Senator says U.S. should consider Chrysler/Fiat
blog (feed #1) 1:30am U.S. seeks more UBS account records in tax battle
blog (feed #1) 1:30am Obama reassures Canada on open trade
blog (feed #1) 1:37am Best Buy to lay off 250 headquarters workers
(Reuters)
blog (feed #1) 1:39am FBI finds Allen Stanford in Virginia
blog (feed #1) 1:52am Besure Direct Franchise – Home Insurance franchise is looking to expand
blog (feed #1) 2:05am HP, Dell Lead Tech Stocks Lower
blog (feed #1) 2:13am As U.S. downturn deepens, repair business thrives
(Reuters)
blog (feed #1) 2:13am As U.S. downturn deepens, repair business thrives
blog (feed #1) 2:18am Sarkozy steps in to end protests
blog (feed #1) 2:24am Wall Street drifts lower
blog (feed #1) 2:24am BofA and Citi shares fall on nationalization fear
(Reuters)
blog (feed #1) 2:25am WWI French battleship found
blog (feed #1) 2:38am Japan finmin: forex stability needed for economy (at Reuters)
blog (feed #1) 3:01am FOREX-Yen edges up vs dollar, but econ worries weigh (at Reuters)
blog (feed #1) 3:10am NBAD bags best Personal Loan Award in the Middle East
blog (feed #1) 3:13am Nikkei down as techs, banks, Bridgestone drag (at Reuters)
blog (feed #1) 3:52am Help a Needy Class
blog (feed #1) 3:53am McCain Lobbyist Settles 27$M lawsuit with NY Times
blog (feed #1) 3:58am Vizio passes Sony in flat panel TVs
blog (feed #1) 3:59am (Find Free Money Making Opportunities on the Web)*REVEALED*
blog (feed #1) 4:00am The Apple Mafia
blog (feed #1) 4:02am Make Easy Money How to!!!
blog (feed #1) 4:03am Stuey "The Kid" The Stu Ungar Story Part II
blog (feed #1) 4:07am UPDATE – Japan says forex stability needed for econ recovery (at Reuters)
blog (feed #1) 4:14am UPDATE – Bankrupt Nortel selling a business to Radware (at Reuters)
blog (feed #1) 4:20am Laissez-Faire Capitalism Has Failed
blog (feed #1) 4:23am Japan’s 40 Richest
blog (feed #1) 4:25am Rick Smith: Cut My Pay! Should I Stay?
blog (feed #1) 5:41am Asian stocks slide after Wall Street slump
(AFP)
blog (feed #1) 6:26am Clinton urges N Korean dialogue
blog (feed #1) 6:29am FBI hands Allen Stanford fraud charges in Virginia
blog (feed #1) 7:11am US drivers continue 14-month trend by driving less
(AFP)
blog (feed #1) 7:50am Peres calls rival Israeli leaders
blog (feed #1) 7:55am Disney buys kids Web site Kerpoof
blog (feed #1) 8:06am Recession takes a toll on U.S. festivals
(Reuters)
blog (feed #1) 8:17am Ind. Newspaper Publisher Axes 401(k) Match
blog (feed #1) 8:17am Vitesse Suspends 401(k) Match
blog (feed #1) 8:26am Companies studying 401(k) plans
blog (feed #1) 8:32am Money: Banking Confidence – 20th Feb 09
blog (feed #1) 8:40am Citi to sell part stake in Brazil’s Redecard: report
blog (feed #1) 8:52am Pakistan funeral bomb ‘kills 25′
blog (feed #1) 9:03am China Internet users asked to probe custody death
blog (feed #1) 9:06am Telstra Pumps Out World’s Fastest Mobile Broadband Network
blog (feed #1) 9:12am Target Market News Hosts African American Magazine and Internet Summits March 16th – 17th
blog (feed #1) 9:29am WE Online Goes to China
blog (feed #1) 9:53am U.S. consumer prices seen up in January
(Reuters)
blog (feed #1) 9:57am Tokyo flight turbulence hurts 30
blog (feed #1) 9:59am Stocks slide, Obama rejects protectionism
(AFP)
blog (feed #1) 11:31am Saab seeks to ward off creditors
blog (feed #1) 12:04pm Home repossessions rise to 40,000
blog (feed #1) 12:27pm Report: China still key factory base amid downturn
(AP)
blog (feed #1) 12:30pm Futures point to lower Wall Street opening
(Reuters)
blog (feed #1) 12:36pm UK’s Prudential sells Taiwan insurance business
blog (feed #1) 12:40pm Concerns about privacy rules hit Swiss banks
(Reuters)
blog (feed #1) 12:42pm SNAPSHOT – Financial Crisis – 1042 GMT
blog (feed #1) 12:58pm Prudential in lead to buy AIG Japan units: sources
blog (feed #1) 1:00pm GM unit Saab files for creditor protection
(Reuters)
blog (feed #1) 1:02pm Ask AP: Mortgage help, troops in Afghanistan
(AP)
blog (feed #1) 1:17pm De Beers gets $500 million loan to weather hard times
(Reuters)
blog (feed #1) 1:35pm RBS hires Morgan Stanley to sell Asia units-sources
blog (feed #1) 1:38pm Citi, Bank of America shares slide in Frankfurt
(Reuters)
blog (feed #1) 1:50pm Euro zone economic downturn gathers pace
(AP)
blog (feed #1) 2:16pm Clinton to Obama: Talk optimistically on economy
(AP)
blog (feed #1) 2:25pm FBI hands Allen Stanford fraud charges in Virginia
(Reuters)
blog (feed #1) 2:43pm LSE backs possible joint bid for LCH.Clearnet
blog (feed #1) 2:51pm Merckle debts hit 5 bln eur before suicide-sources
blog (feed #1) 2:59pm Metrovacesa says owner hands control to banks
blog (feed #1) 3:04pm Well-off Venezuelans say Chavez led them to Stanford
blog (feed #1) 3:05pm UPDATE 1-Teck Cominco sells Hemlo stake to Barrick
blog (feed #1) 3:20pm Fix-It Nation: In Tough Times, Tailors and Cobblers Thrive
blog (feed #1) 3:20pm Ten American Companies That Won’t Cut Jobs
blog (feed #1) 3:20pm Why March Will Be the Recession’s Tipping Point
blog (feed #1) 3:40pm How the financial crisis is affecting eastern Europe (at Reuters)
blog (feed #1) 3:43pm Citi to sell $1.3 billion Brazil Redecard stake: source
blog (feed #1) 3:44pm Dollar erases losses vs yen after US CPI data (at Reuters)
blog (feed #1) 3:53pm European shares sink, led by Anglo American, UBS (at Reuters)
blog (feed #1) 3:59pm Finding Investors and Hard Money Lenders
blog (feed #1) 4:01pm Money Financials: Marketing Tricks to Make You Spend
blog (feed #1) 4:02pm CNN’s Money Map
blog (feed #1) 4:02pm Tooth Fairy Economics: The Fed’s Lead Slug Under Your Pillow
blog (feed #1) 4:03pm U.S. consumer prices rise in January on energy
(Reuters)
blog (feed #1) 4:12pm U.S. gold rises above $1,000/oz on flight to safety (Reuters)
blog (feed #1) 4:14pm Financiers offer Zimbabwe $500 mln in credit lines (at Reuters)
blog (feed #1) 4:14pm Megan Fox secret diet? Don’t waste your time or money
blog (feed #1) 5:02pm UPDATE 2-RBS hires Morgan Stanley to sell Asia units-sources
blog (feed #1) 5:04pm January rise in consumer prices largest since July
(AP)
blog (feed #1) 5:05pm More homeowners say homes depreciated: survey
blog (feed #1) 5:07pm Nouriel Roubini: US in ‘third, fourth innings’ of crisis
blog (feed #1) 5:07pm Clinton vows not to let human rights block progress in China
(AFP)
blog (feed #1) 5:16pm UPDATE 1-PGNiG and PKN Orlen to decide on takeover soon
blog (feed #1) 5:22pm UPDATE 2-CV Therapeutics rejects Astellas’ $1 bln bid
blog (feed #1) 5:23pm More RUM and a 6-pack of Acquisitions
blog (feed #1) 5:23pm US Defense Secretary Gates: US Still Hopeful Of Kyrgyz Base Deal
blog (feed #1) 5:42pm Brazil Redecard confirms Citigroup stake sale plan
blog (feed #1) 5:45pm Lowe’s posts profit drop, cuts store openings
(Reuters)
blog (feed #1) 6:06pm Stanford’s whereabouts: again a mystery
blog (feed #1) 12:32am Web sites help do the math to find a good school
(AP)
blog (feed #1) 12:33am J.C. Penney reports 51 percent slide in 4Q profit
(AP)
blog (feed #1) 12:35am Mercer, Callan Merger Bolsters 401(k) Advice
blog (feed #1) 12:40am Stanford lies low as clients count cost of fraud
blog (feed #1) 12:47am Nationalization fears pummel BofA, Citi
(Reuters)
twitter (feed #3) 12:47am Posted 14 tweets on Twitter. (Hide Details)

  • US bank shares near 17-year lows: US bank shares hit a near 17-year low on rising fears the government will have.. http://tinyurl.com/cowubv
  • JC Penney and Lowe’s offer bleak view : Both leading retailers said they expected the sales slump to continue in.. http://tinyurl.com/bguex5
  • RBS prepares sale of Asian assets: The stricken UK lender has hired Morgan Stanley assist in the sale of its Asi.. http://tinyurl.com/aatnlf
  • US prices rise by 0.3% in January: Prices in the US rose in January for the first time in six months on the back.. http://tinyurl.com/da3s3j
  • Court papers lift lid on Stanford’s lifestyle : Details of the lifestyle of the Texas billionaire charged by US .. http://tinyurl.com/af6hry
  • Netanyahu to form unity government in Israel: Benjamin Netanyahu, leader of Israel’s right-wing Likud party, mov.. http://tinyurl.com/dymcm6
  • Clinton urges N. Korea back to nuclear talks: US Secretary of State Hillary Clinton has warned North Korea again.. http://tinyurl.com/amamgs
  • ECB warns Germany against EU bail-out: The European Central Bank cautioned Berlin not to violate the EU’s ‘no ba.. http://tinyurl.com/asv2pc
  • Medvedev attacks Putin officials over crisis: Dmitry Medvedev, the Russian president, accused Vladimir Putin’s g.. http://tinyurl.com/akgk37
  • Saab files for creditor protection: General Motors’ loss-making Swedish carmaker Saab Automobile said it would s.. http://tinyurl.com/ac9rpp
  • Global equities fall as investors shun risk : Global equities fell to levels not seen since November as investor.. http://tinyurl.com/dc8j6z
  • BofA chief receives subpoena : State prosecutors investigating the payment of bonuses at Merrill Lynch have broa.. http://tinyurl.com/d2e5gq
  • Madoff records put pressure on SEC: Records recovered from the investment firm run by Bernard Madoff, who is acc.. http://tinyurl.com/b9k22w
  • Eurozone lurches deeper into recession: The eurozone has lurched even deeper into recession after a plunge in pr.. http://tinyurl.com/cxggww

Nationalization fears pummel BofA, Citi (Reuters)

People walk past a Citibank branch in downtown Washington, February 20, 2009. (Yuri Gripas/Reuters)Reuters – Bank of America Corp and Citigroup Inc shares fell for a sixth straight day on Friday, hammered by growing fears that the U.S. government could nationalize the banks, wiping out shareholders.

Stanford lies low as clients count cost of fraud

FREDERICKSBURG, VA./ST.JOHN’S (Reuters) – Texas billionaire Allen Stanford, accused of defrauding investors around the globe, stayed out of sight on Friday as governments and clients counted the cost of his alleged $8 billion securities scam.

J.C. Penney reports 51 percent slide in 4Q profit (AP)

Shoppers navigate the up and down escalators at the J.C. Penney store  in North Riverside, Ill., Friday, Feb. 20, 2009. J.C. Penney Co. reported a 51 percent drop in fourth-quarter profit Friday as customers sharply cut spending on clothing and other items. The Results beat Wall Street expectations, but the chain projected a wider first-quarter loss than analysts had predicted.  (AP Photo/Charles Rex Arbogast)AP – J.C. Penney Co. reported a 51 percent drop in fourth-quarter profit Friday as customers sharply cut spending on clothing and other items. The results beat Wall Street expectations, but the chain projected a wider first-quarter loss than analysts had predicted.

Web sites help do the math to find a good school (AP)

AP – Choosing a neighborhood with good schools often is near the top of the list for homebuyers. But what makes a school better than the next goes beyond test scores and student-teacher ratios.

GM Canada seeks C$6 bln-C$7 bln from governments

TORONTO, Feb 20 (Reuters) – General Motors Corp is
seeking between C$6 billion ($4.8 billion) and C$7 billion from
Canadian governments as part of its restructuring plan, the
country’s industry minister said on Friday.