| Stocks indecisive ahead of resultsCNN - 1 hour agoNEW YORK (CNNMoney.com) -- Techs dipped and the broader market struggled near midday Monday as investors mulled a report showing a jump in Chinese exports, considered a weaker dollar and geared up for the start of the quarterly reporting period. The Dow Jones industrial average () was barely changed nearly 2-1/2 hours into the session. Stocks zigzag ahead of Alcoa earnings report Chicago Tribune U.S. government kicks off Detroit auto showMarketWatch - 14 minutes agoDETROIT (MarketWatch) -- The U.S. government, a deep-pocketed investor in the car business these days, made its presence known early at the 2010 North American International Auto Show in Detroit on Monday. Transportation Secretary Ray LaHood, much like a man with skin in the car game, delivered the first rah-rah presentation of the day while Speaker of the House Nancy Pelosi is slated to close Monday's showcase on the main stage. Ford Fusion Hybrid wins Car of the Year CNN | |
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Swiss Life up on Allianz bid talkReuters - 4 hours agoZURICH/FRANKFURT (Reuters) - Swiss Life ( SLHN.VX ) shares surged to their highest level in more than a year on Monday on speculation of a takeover bid from German rival Allianz ( ALVG.DE ) that analysts said was unlikely. Shares in the Swiss insurer rose as much as 10 percent, extending gains from late last week on the rumor, after French Internet site Wansquare on Sunday cited unnamed Swiss banking sources as saying Allianz was preparing a bid. Rumors of an Allianz Bid Drive Up Swiss Life Shares New York Times MarketWatch First Take: Issa's story on Geithner has holesMarketWatch - 1 hour agoNEW YORK (MarketWatch) -- The campaign to get Treasury Secretary Timothy Geithner in front of a congressional panel to discuss his relationship with American International Group Inc. in 2008 may have an unlikely supporter: Geithner. By the looks of it last week, Rep. Darrell Issa (R-Calif.) struck what could have been the most damaging blow to the Treasury Secretary's career since he took office last year. Under Fire Again, Geithner Said to Retain Support New York Times |
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Getty Museum director's departure surprises art worldLos Angeles Times - 3 days agoThe sudden announcement Thursday that Michael Brand was stepping down as director of the J. Paul Getty Museum, one of the top jobs on the nation's art scene, caught the museum world by surprise.Brand, 51, will leave his post at the end of this month, 10 months shy of the end of the five-year contract he signed in 2005. Leaving "is my decision," Brand said, but he would not say why he was going: "I really don't want to get into the reasons for my resignation." Getty Museum Director to Step Down Wall Street Journal |
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Hoeven Plans Bid for N.D. Senate SeatNew York Times - 25 minutes agoNorth Dakota Gov. John Hoeven, a widely popular Republican, will announce that he is running for Senate on Monday evening, according to a state Republican official, a decision that likely increases the ’s odds of capturing the seat. Mr. Hoeven, the longest serving governor in the country, is set to make his Senate campaign official in Bismarck, North Dakota’s capital. Gov. Hoeven to announce for Senate Politico How would a new health insurance pool work?Los Angeles Times - 9 hours agoReporting from Washington - I hear the healthcare bill will create an immediate insurance pool for people who can't get insurance. Both the House and Senate bills would provide $5 billion to create a temporary insurance pool until an insurance exchange is up and running. The Health Choices Czar Wall Street Journal Former equity firm chief is Villaraigosa's pick to manage economic developmentLos Angeles Times - 12 hours agoLos Angeles Mayor Antonio Villaraigosa has turned to the former head of an equity firm to spearhead the mayor's renewed job creation effort and push to make the city a more attractive, less bureaucratic locale for business. Austin Beutner, founder of the boutique private equity firm Evercore Partners and former partner at the Blackstone Group, will serve as Villaraigosa's deputy mayor of economic development and oversee the Port of Los Angeles and the Department of Water and Power, two major economic catalysts for Los Angeles. Los Angeles Hires an Economy Chief Wall Street Journal |
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Iraqis say they were forced to take Blackwater settlementLos Angeles Times - 9 hours agoReporting from Baghdad - Several victims of a 2007 shooting involving American private security guards employed by the firm formerly known as Blackwater alleged Sunday that they were coerced into reaching settlements, and they demanded that the Iraqi government intervene to have the agreements nullified. The Iraqis said they were pressured by their own attorneys into accepting what they now believe are inadequate settlements because they were told the company was about to file for bankruptcy, that its chairman was going to be arrested and that the U.S. government was about to confiscate all of the firm's assets. Victims of Blackwater shooting in Iraq claim coercion in settlements Denver Post Arabtec's Aabar Deal May Signal Looming LossesNew York Times - 7 hours agoArabtec Holding , based in Dubai, may need a $1.7 billion investment by Abu Dhabi’s Aabar Investments to cope with future losses, analysts said on Sunday, as the construction company’s shares fell 6.9 percent. On Friday, investment firm Aabar, 71 percent owned by the U.A.E. federal government, offered to buy a 70 percent stake in Arabtec through a convertible bond at 2.3 dirhams per share, in a deal valued at $1.7 billion. Arabtec's Aabar deal may signal looming losses Reuters China market reform may end Shanghai-HK price gapMarketWatch - 11 hours agoHONG KONG (MarketWatch) -- Beijing's approval of stock-index futures and additional reforms designed bring its markets into line with other major bourses should help shrink the valuation gap that has kept yuan-denominated shares at a premium to similar shares listed in Hong Kong, analysts said. China's State Council approved Friday the launch of stock-index futures and a trial program for short selling and margin trading -- the purchase of stock using brokerage loans. In Hong Kong, Mollycoddling Over Rusal IPO Wall Street Journal |
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Stocks stage late advanceCNN - 2 days agoNEW YORK (CNNMoney.com) -- A tech rally propelled the Nasdaq and helped the broader market erase losses Friday, as investors took in stride a surprisingly weak jobs report amid other recent signs that the economy appears to be stabilizing. The Dow Jones industrial average () added 8 points, or 0.7%, according to early tallies. Job Loss Numbers Push Down Stocks at Open (Market Update) SmartMoney |
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Yahoo adds Silverman's Electus to content strategyCNET - 2 days agoYahoo has found a producer for its original content push: the guy who brought you "The Office" and "Knight Rider." Electus, the production company founded by former head of NBC programming Ben Silverman, has signed a deal with Yahoo's media group to produce "exclusive premium content for Yahoo and its advertising partners," according to a press release . Yahoo sees more ad integration in programming MarketWatch Bond Report: Treasurys rally after worse-than-forecast payrollsMarketWatch - 3 days agoNEW YORK (MarketWatch) -- Treasury prices rose Friday, sending yields lower, as bond traders reacted to Labor Department data that showed the U.S. economy losing 85,000 jobs in December, results that came up short of the slight growth that had been expected. Yields on benchmark 10-year Treasury notes /quotes/comstock/31*!ust10y ( 3.81 , -0.01 , -0.34% ) , which move inversely to prices, fell four basis points to 3.783%. Stocks Lower as Jobs Report Disappoints TheStreet.com |
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White House plans more to trim joblessness: aideReuters - 23 hours agoWASHINGTON (Reuters) - President Barack Obama plans more economic stimulus measures to bring down the high U.S. unemployment rate, while cutting the bulging budget is a longer-term challenge, a top White House economic aide said on Sunday. "We are ... talking about actions right now to jump-start job creation," White House Council of Economic Advisers Chairwoman Christina Romer said on CNN's "State of the Union. Romer: Jobs Report Is Call to Action Wall Street Journal Smog limits may squeeze ChicagoChicago Tribune - 3 days agoChicago and other urban areas across the U.S. would need to clamp down harder on air pollution under tough smog limits proposed Thursday by the administration, which scrapped a George W. Bush -era rule that ignored the latest scientific advice.More stringent standards for ground-level ozone, commonly known as smog, also could hit smaller cities for the first time. That could require cleaner factories and fuels, and potentially tailpipe emissions checks, in Rockford and downstate communities such as Peoria, Springfield and Bloomington-Normal.The proposed rules announced by the U.S. Environmental Protection Agency promise cleaner air that could help prevent thousands of asthma attacks, emergency room visits and early deaths, and cut back on health costs. Score two for the environment Los Angeles Times |
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