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9711 news (9711 unread) in 19 channels

Business and financial news - CNNMoney.com (929 unread)
Forbes.com: News (379 unread)
Red Herring (354 unread)
Red Herring (836 unread)
Economics RSS (374 unread)
Cambridge Journal of Economics - current issue (46 unread)
FT.com - Management (193 unread)
Forbes.com: Management News (20 unread)
NYT > Business (1876 unread)
washingtonpost.com - U.S. Economy (312 unread)
FT.com - Companies (738 unread)
The Register - Management: Small Biz (120 unread)
Fortune.com
Forbes.com: Business News (203 unread)
Forbes.com: Small Business News (20 unread)
BizChina (114 unread)
CRIENGLISH.com: Business News (931 unread)
Shanghai Daily: Business (1751 unread)
China Business (515 unread)

Forbes.com: News

Fannie And Freddie In Freefall

Posted: July 8th, 2008, 3:20am CST

Government-sponsored enterprises sink by more than a fifth, and take the Street with them.
The Worst Ain't Over

Posted: July 8th, 2008, 3:20am CST

The credit and housing crises need to get worse before the economy can get better.
Second Helping For Bank Shorts

Posted: July 8th, 2008, 3:20am CST

Betting on a collapse in financials paid off well last year. Sadly, the same trade is still making money.
Complete Coverage: Wall Street

Posted: July 8th, 2008, 3:20am CST

NYT > Business

Microsoft Is Open to Yahoo Deal if Board Is Replaced

Posted: July 8th, 2008, 3:11am CST by By MIGUEL HELFT

Microsoft said that it might be interested in negotiating a deal with Yahoo, including an outright acquisition, as long as Yahoo replaces its board.

Forbes.com: Small Business News

Sponsor's Content: Hold 'Em Accountable

Fetched: July 8th, 2008, 3:02am CST

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Forbes.com: Business News

Sponsor's Content: Hold 'Em Accountable

Fetched: July 8th, 2008, 3:02am CST

Garner more profits. Instill accountability in your work force.

Forbes.com: Management News

Sponsor's Content: Hold 'Em Accountable

Fetched: July 8th, 2008, 3:01am CST

Garner more profits. Instill accountability in your work force.

Cambridge Journal of Economics - current issue

Explaining modern economics (as a microcosm of society)

Fetched: July 8th, 2008, 3:01am CST by Bigo, V.

The persistence of mainstream economists with methods of mathematical-deductive modelling that, most agree, do not perform well is something of a puzzle. Here I show this phenomenon to be a special case of (gendered) tendencies in play in society at large, and I offer a psychological explanation.
Newton's real influence on Adam Smith and its context

Fetched: July 8th, 2008, 3:01am CST by Montes, L.

While Newton's influence on Adam Smith has been widely acknowledged, there is scant research on the actual nature of this influence. This paper sums up a line of investigation delving into this issue. After a short introduction, it is argued that Newton's methodology is more complex than a merely positivistic interpretation. Then the context of Newton's influence during the turn of the seventeenth century and the eighteenth century is assessed. It will be suggested that a British (and particularly Scottish) interpretation of Newton diverges from the French reading of his legacy. The final section analyses Smith's understanding of Newton, arguing that the father of economics was a sophisticated interpreter. The intellectual context of what the Scottish Enlightenment made of Newton, and how he was interpreted, may have played a major role in explaining how Smith understood Newton's legacy.
The organisational morphology of rural industries and its dynamics in liberalised India: a study of West Bengal

Fetched: July 8th, 2008, 3:01am CST by Maiti, D.

The paper presents an empirical investigation into alternative forms of organisation of rural industries and their dynamics in the post-reform period of India by means of a field survey carried out in the state of West Bengal in 2001–02. The selected industries (handloom, brassware, hornware, clay works, conchshell and lac works) all belong to traditional crafts. The major organisational forms are ‘independent units’ and ‘tied units’, the latter being tied to traders and/or master enterprises for raw materials and work-orders, each of which account for more than 40% of our sample units. The third form, ‘cooperative units’, is clearly in the decline. Tied units appear to define the upcoming trend bringing the forces released by ‘liberalisation’, e.g., the growth of exports, drawn to the level of village-artisans. In particular, the system appears to be a vehicle for product-differentiation and innovation, both of which are very much evident in our study area.
The great divide: 'ruralisation' of poverty in Russia

Fetched: July 8th, 2008, 3:01am CST by Gerry, C. J., Nivorozhkin, E., Rigg, J. A.

Using data from the Russian Longitudinal Monitoring Survey for the period 2000–2004 we investigate poverty trends in Russia. We find that urban poverty declines at twice the rate of rural poverty so that by 2004 poverty in Russia had become a largely rural phenomenon for the first time since transition began. This finding does not stem from changing population characteristics or shares, is not dependent on the use of a particular poverty line nor is it driven by the rapid expansions that have occurred in Moscow, St Petersburg or other urban areas. Our findings flesh out those of Ravallion and colleagues, who, in contrast to other regions, ‘find signs’ of a ruralisation of poverty in Eastern Europe and the former Soviet Union. We attribute some of the differential to the labour market.
Mutual productivity spillovers between foreign and local firms in China

Fetched: July 8th, 2008, 3:01am CST by Wei, Y., Liu, X., Wang, C.

The existing literature treats advanced technology sourcing as the only cause of reverse productivity spillovers from local to foreign firms and implies that mutual spillovers between foreign and local firms can only happen in the developed world. This paper argues that the diffusion of indigenous technology and local knowledge helps the productivity enhancement of multinationals, so that there can be mutual spillovers even in a developing country. The results from a large-sample firm-level econometric analysis and a comparative case study of seven companies in Chinese manufacturing support this new argument, as mutual spillovers are identified between local Chinese firms and overseas Chinese or OECD-invested firms.
Trust, institutions and the 'generally speaking question': a reply to Uslaner

Fetched: July 8th, 2008, 3:01am CST by Beugelsdijk, S.

In his critical reply on my article, Uslaner points to several issues, amongst others the lack of observations in the principal components analysis, and the fundamental relationship between micro and macro trust on the one hand and institutions on the other hand. Of these two I hold the second one to be most important and I will therefore focus on this issue. I will also use this opportunity to position our trust discussion in the broader context of contemporary economic research on culture.
A foxy hedgehog: Wynne Godley and macroeconomic modelling

Fetched: July 8th, 2008, 3:01am CST by Taylor, L.

Wynne Godley has made enormous contributions to macroeconomic modelling. They are reviewed here in connection with his recent book with Marc Lavoie, Monetary Economics: An Integrated Approach to Credit, Money, Income, Production, and Wealth.

Forbes.com: News

Sponsor's Content: Hold 'Em Accountable

Fetched: July 8th, 2008, 3:01am CST

Garner more profits. Instill accountability in your work force.

NYT > Business

Washington Post Expected to Name Top Editor

Posted: July 8th, 2008, 2:58am CST by By RICHARD PÉREZ-PEÑA

Marcus W. Brauchli, a former top editor of The Wall Street Journal, will take over, people briefed on the matter said.

FT.com - Companies

Fresenius hit by fears of APP overpayment

Posted: July 8th, 2008, 2:51am CST

Shares in Fresenius plunged more than 9 per cent on Monday after its plans to spend more than $3.7bn on a US acquisition prompted fears among investors that the German healthcare group might be overpaying

FT.com - Management

Diversity gurus must try harder

Posted: July 8th, 2008, 2:34am CST

No amount of talk about 'diversity and inclusion' is going to persuade some managers that they may need to do things differently – but the right arguments could win them over, writes Stefan Stern
Kenya's new consumerism

Posted: July 8th, 2008, 2:34am CST

Nukamatt supermarkets are a symbol of the country's changing consumption

FT.com - Companies

Inmarsat soars on Harbinger approach

Posted: July 8th, 2008, 2:30am CST

Inmarsat, the UK-based satellite communications group, confirmed on Monday that it had received a takeover approach from Harbinger, the US hedge fund
NOL appoints new chief executive

Posted: July 8th, 2008, 2:29am CST

Singapore's Neptune Orient Lines on Monday changed its chief executive for the third time in five years, in the latest sign that the container shipping company is preparing to acquire Germany's Hapag-Lloyd
China Oilfield to buy Awilco for $2.5bn

Posted: July 8th, 2008, 2:23am CST

China Oilfield Services, a listed subsidiary of China's third-largest oil and gas producer, is to buy Norwegian rival Awilco Offshore for about $2.5bn

NYT > Business

Fannie and Freddie Shares Plunge

Posted: July 8th, 2008, 2:15am CST by By REUTERS

Freddie Mac stock fell more than 21 percent, while Fannie Mae shares dropped 20 percent on concern the companies need to raise more capital amid larger-than-expected losses.

Business and financial news - CNNMoney.com

Triple-digit losses on the Dow

Posted: July 8th, 2008, 2:14am CST

A Wall Street selloff, led by financial shares and a 20% plummet in the shares of both Fannie Mae and Freddie Mac, accelerated Monday and pulled all three major indexes into bear market territory.

FT.com - Companies

Microsoft steps up battle to replace Yahoo board

Posted: July 8th, 2008, 2:11am CST

Microsoft set the stage for a full-blown battle to overthrow Yahoo's board of directors on Monday when it declared it was interested in reopening talks to buy all or part of the internet company – but only if a new board was appointed first
B&O hit by drop in luxury spending

Posted: July 8th, 2008, 2:07am CST

Bang & Olufsen, the maker of high-end entertainment systems, was forced on Monday to issue its third profit warning this year as sales in its main markets continued to drop sharply

NYT > Business

Some Press for More Notice of Transition in TV

Posted: July 8th, 2008, 2:05am CST by By AUSTIN BOGUES

Officials say last-minute demand for digital converter boxes could be so overwhelming that millions of people -- many of them elderly, low-income or disabled -- will lose service.

Business and financial news - CNNMoney.com

Fannie Mae and Freddie Mac plunge 20%

Posted: July 8th, 2008, 2:01am CST

Shares of mortgage financing giants Fannie Mae and Freddie Mac both plunged Monday as fears deepened about the credit crisis and housing meltdown.

NYT > Business

Ex-Prosecutor’s Book Accuses Bush of Murder

Posted: July 8th, 2008, 1:56am CST by By TIM ARANGO

Vincent Bugliosi has written three No. 1 best sellers, but his latest entry on the best-seller list — a polemic with a provocative title — has largely been ignored by the press.

Business and financial news - CNNMoney.com

Fed, SEC agree to share information

Posted: July 8th, 2008, 1:48am CST

Read full story for latest details.

FT.com - Companies

Job market woes slow Michael Page in UK

Posted: July 8th, 2008, 1:22am CST

Tougher conditions in the jobs market – particularly in the UK financial sector – caused a slowing of profits growth at Michael Page International, the specialist recruitment group

Business and financial news - CNNMoney.com

Gas hits cabbies: More hours, less pay

Posted: July 8th, 2008, 1:16am CST

Mikhail Glikberg remembers when he made a decent living as a taxi driver in Boston. He could work a 12-hour shift and take home up to $80 a day after expenses.
Microsoft: We'll deal with a new Yahoo board

Posted: July 8th, 2008, 1:10am CST

Remove Yahoo's board and Microsoft might be interested in a deal again, the software giant and Carl Icahn said Monday.

FT.com - Companies

Helphire shares drop on warning of slowing market

Posted: July 8th, 2008, 1:09am CST

Shares in Helphire, which provides motorists with courtesy vehicles after 'no-fault' accidents, tumbled nearly 20 per cent to a low of 104¼p after it warned that its market might slow

Business and financial news - CNNMoney.com

It's a recession: 75% of Americans say

Posted: July 8th, 2008, 1:03am CST

Most Americans still think the economy is in a recession, but the number who feel that way has declined, according to a CNN/Opinion Research Corporation poll released Monday.
Why Yahoos shouldn't underestimate Icahn

Posted: July 8th, 2008, 12:53am CST

Carl Icahn published an open letter to Yahoo shareholders Monday in which he disclosed that he has spoken several times to Microsoft chief executive Steve Ballmer over the past week: "Several of our conversations have lasted as long as an hour," Icahn wrote, suggesting it was a real get-to-know-you sort of thing.

NYT > Business

Stocks Fall on Fed Remarks and Earnings Jitters

Posted: July 8th, 2008, 12:53am CST by By THE ASSOCIATED PRESS

Wall Street turned lower as investors reacted to cautious remarks about the economy by a Federal Reserve official and braced for the arrival of dismal quarterly corporate earnings.

Business and financial news - CNNMoney.com

Oil prices tumble

Posted: July 8th, 2008, 12:40am CST

Oil prices, after hitting a record high last week, fell more than $5 a barrel Monday as the dollar gained strength and traders reacted to an apparent easing of Mideast tensions.
Tax the Toys R Us giraffe!

Posted: July 8th, 2008, 12:39am CST

When the Massachusetts passed its much-delayed state budget last week, it included an obscure tax-law change that could be crucial for small-business owners concerned about unfair competition. By becoming the 22nd state to adopt "combined reporting" legislation, Massachusetts lawmakers are hoping to put a stop to a longstanding practice that, they say, gives large corporate chains an unfair advantage over their smaller competitors at tax time.

NYT > Business

Fed and S.E.C. to Share Information

Posted: July 8th, 2008, 12:33am CST by By THE ASSOCIATED PRESS

The agreement is aimed at better detecting risks to the U.S. financial system, regulators said.
The Media Equation: When Fox News Is the Story

Posted: July 8th, 2008, 12:31am CST by By DAVID CARR

At Fox News, media relations is a kind of rolling opposition research operation intended to keep reporters in line.
Fresenius in $3.7 Billion Deal for U.S. Drugmaker

Posted: July 8th, 2008, 12:30am CST by By THE ASSOCIATED PRESS

The German health care company said the acquisition of APP Pharmaceuticals, a maker of generic drugs, will give it more opportunities in the North American market.

FT.com - Companies

Man Group in Gulf waste gas move

Posted: July 8th, 2008, 12:11am CST

Man Group has teamed up with an Abu Dhabi-owned investment company to make electricity from the gas produced as a byproduct of oil drilling, which is currently wasted in the form of flaring

Shanghai Daily: Business

ICBC predicts inflation to drop

Posted: July 8th, 2008, 12:10am CST

CHINA'S inflation is to peak in 2009 and then fall, according to the Industrial and Commercial Bank of China in a report yesterday. The report by China's largest lender said the prices of assets would gradually...
Business confidence remains 'in high range'

Posted: July 8th, 2008, 12:09am CST

CHINA'S business climate index rose to 137.4 in the second quarter, a climb of 1.2 points from the first three months, the National Bureau of Statistics said yesterday. But the index was much lower than the second...
COSL buys Awilco in 1st overseas deal

Posted: July 8th, 2008, 12:09am CST

CHINA Oilfield Services Ltd has agreed to buy Norway's Awilco Offshore ASA for about US$2.5 billion to expand capacity and widen its footprint overseas. Beijing-based COSL, a unit of China National Offshore Oil...
Gold firm finds extra reserves at mine

Posted: July 8th, 2008, 12:09am CST

CHINA National Gold Group Corp said yesterday it had found a new vein with an estimated 15 tonnes of gold at one of its mines. The Na Neng gold mine in southwestern Guangxi Zhuang Autonomous Region was previously...
China car sales grow slower

Posted: July 8th, 2008, 12:09am CST

CHINA'S passenger car sales rose 14.2 percent in the first half of this year, lower than an earlier expectation of 20 percent, as more stringent macroeconomic control policies and record high oil prices curbed purchases. ...
Production halt

Posted: July 8th, 2008, 12:08am CST

ALUMINUM Corp of China Ltd, the nation's biggest producer of the metal, is halting production at a venture in Shanxi Province because of a power shortage. The provincial government ordered smelters to cut output...
Carlyle invests

Posted: July 8th, 2008, 12:08am CST

CARLYLE Group, the private-equity firm run by David Rubenstein, said it will invest US$87 million in privately owned Sinorgchem (Group) Co, a Chinese maker of chemicals used in rubber products. Sinorgchem is the...
Banking shares up on profits forecasts

Posted: July 8th, 2008, 12:00am CST

SHARES in the banking sector surged yesterday, bolstered by CITIC Bank and China Merchants Bank more than doubling profits forecasts for the first half of the year. All listed banks rose yesterday with Beijing-based...
Finance, tech firms lead Asian stocks up

Posted: July 8th, 2008, 12:00am CST

ASIAN stocks advanced yesterday, led by financial and technology companies, after China Merchants Bank Co forecast higher profits and Japan's Nikkei 225 Stock Average rebounded from its longest losing streak since...
Faber says investors betting on equities rebound will lose more

Posted: July 8th, 2008, 12:00am CST

INVESTORS betting on a rebound in China's tumbling stocks are setting themselves up for more losses, according to Marc Faber, who told investors to bail out of United States stocks before 1987's so-called Black Monday...
SOEs plan hiring drive for executives

Posted: July 8th, 2008, 12:00am CST

CHINA'S centrally administered state-owned enterprises are seeking 16 senior executives from either home or abroad, according to the State-owned Assets Supervision and Administration Commission. The SASAC, the...
UK insurer plans more outlets

Posted: July 8th, 2008, 12:00am CST

BRITISH insurer Royal & Sun Alliance aims to set up 11 more branches in China by 2011 to accelerate expansion, as it announced the setup of its wholly-owned subsidiary yesterday in Shanghai. These offices will...
Sinosteel bids to buy Aussie ore miner alone

Posted: July 8th, 2008, 12:00am CST

SINOSTEEL Corp is now the sole bidder in the takeover of Australian iron ore prospector Midwest Corp after Murchison Metals Ltd withdrew its offer to merge with Midwest. Murchison said in a statement yesterday...
Pessimism highlighted by indexes

Posted: July 8th, 2008, 12:00am CST

CONSUMER and investor confidence has fallen for the second consecutive quarter due to domestic inflation and rising international oil prices, according to a report. The Shanghai University of Finance and Economics...
Inflation on the increase as costs climb

Posted: July 8th, 2008, 12:00am CST

TAIWAN'S inflation accelerated to its fastest pace in eight months as fuel and food costs climbed, increasing the likelihood of further increases in interest rates. Consumer prices rose 4.97 percent in June from...
Plan for rules on hot funds hits yuan

Posted: July 8th, 2008, 12:00am CST

THE yuan fell by the most in more than a month yesterday after China said it is drafting regulations to control cross-border payments for services to curb rising inflows of "hot money." The yuan dropped for a second...
Retailers face space crunch

Posted: July 8th, 2008, 12:00am CST

THE booming retail market in the last quarter in Shanghai has created space problems for new retailers as they struggle to rent suitable areas and existing brands which are seeking expansion. The difficulties in...
GPT Group shares take hammering

Posted: July 8th, 2008, 12:00am CST

SHARES in GPT Group, Australia's fourth-largest real-estate investment trust by market value, dropped 15 percent in Sydney trading yesterday, the most in more than two decades, after cutting its full-year operating...
Shopping centers feel pinch

Posted: July 8th, 2008, 12:00am CST

VACANCIES at United States neighborhood and community shopping centers have risen in the second quarter to a 13-year high, while vacancies at larger regional malls are at their highest level since 2002, according to...
Urban renewal proves far from simple task

Posted: July 8th, 2008, 12:00am CST

URBAN Corp President Hiroyuki Bozono has sold most of his stake in the Japanese property developer after lenders requested the sale of shares used as collateral. Bozono, formerly Urban's largest shareholder, cut...
South African house prices hit by interest

Posted: July 8th, 2008, 12:00am CST

SOUTH African house-price growth has slowed to an annual 3.8 percent in June, the slowest pace since September 1999, as rising interest rates curb demand, according to Absa Group Ltd, the country's biggest mortgage...
Sells fewer homes nationwide

Posted: July 8th, 2008, 12:00am CST

CHINA Vanke Co, the country's largest residential property developer, said yesterday sales across the country dropped by more than one fifth last month. The Shenzhen-based company, China's biggest publicly-listed...
Prius to get a touch of the sun

Posted: July 8th, 2008, 12:00am CST

TOYOTA'S Prius gas-electric hybrid will become even greener next year with solar-powered air conditioning on some high-end models, the Nikkei reported yesterday. The solar panels on the roof of the new Prius...
June fails to dent a record-breaking six months

Posted: July 8th, 2008, 12:00am CST

BMW said yesterday that its global sales fell 2.8 percent last month because of "difficult economic trends." Despite the dip, the company posted record sales for the January-June period. The Munich-based car...
Chennai chosen for trucks production

Posted: July 8th, 2008, 12:00am CST

DAIMLER and India's Hero Group have selected the Indian city of Chennai for a commercial vehicle plant that will produce around 70,000 trucks a year, starting in 2010. Construction of the plant involves an investment...
Sales in China double

Posted: July 8th, 2008, 12:00am CST

JAPAN'S Honda Motor Corp said sales in China more than doubled in the first half despite a slowdown in the overall market which was hurt by record high oil prices. Half-year sales totaled 226,742 units for Japan's...
Costs inflate tire prices

Posted: July 8th, 2008, 12:00am CST

BRIDGESTONE Corp said yesterday it plans to increase prices of tire products sold on China's mainland by as much as 10 percent from August to counter rising raw-material costs. Bridgestone, Japan's largest tire...
GM Rues Its Lack of New Models Amid Keen Rivalry

Posted: July 8th, 2008, 12:00am CST

GENERAL Motors Corp posted a slower sales growth in China for the first half of this year from a year earlier, a victim of weaker market demand as well as keen competition. The world's biggest car maker boosted...
Global slowdown hitting Europe

Posted: July 8th, 2008, 12:00am CST

MANUFACTURING in Germany and the UK declined in May, choked by record commodity prices and slowing economic growth across Europe. German production, adjusted for seasonal swings and inflation, dropped 2.4 percent...
CVC Beijing office

Posted: July 8th, 2008, 12:00am CST

CVC Capital Partners, a leading global private equity firm, announced yesterday the opening of its Beijing office as it looked to China for more investment opportunities. It is the European giant's first Chinese...

Business and financial news - CNNMoney.com

Alert! Weak profits incoming

Posted: July 7th, 2008, 11:49pm CST

Alcoa and General Electric set the tone for a disappointing first-quarter earnings period back in April when both reported worse-than-expected results.