www.blackcorporateworld.com | Saturday, Jul. 4, 2009  

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Medici lawyer says Kohn didn't get Madoff payments (Reuters)
Reuters - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
Teck to sell 17 percent stake to China for C$1.74 billion (Reuters)
Reuters - Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
Earnings to set tone for stocks in week ahead (Reuters)
Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
Stanford clients sue insurance broker Willis Group (Reuters)
Reuters - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.

Johnny comes marching home ? to no job

National Guardsmen are coming home from Iraq to face a new enemy ? a swooning economy that has landed like a KO?d heavyweight on the canvas of their home towns.


Hot dogs replace steaks this Fourth of July

Americans will be throwing more hot dogs and hamburgers on their backyard grills rather than steaks this holiday as the recession and high unemployment crimp celebrations.


?Car guys? retrain but downshift to lower pay

Big, burly and a "car guy" since high school, Tom Persinger worked for years at General Motors. Now he's a nurse's aide earning $12 an hour. "I've been humbled quite a bit," he said.


For Banks, Wads of Cash and Loads of Trouble

" align="right">Once flush with cash, Security Bank in Macon, Ga., built a sprawling new headquarters. As the bank struggles to survive, the office is empty and in need of a tenant.Bulk deposits from brokers fueled growth at smaller banks, but also led some to the brink, and beyond.

The Media Equation: A Publisher Stumbles Publicly at the Post

" align="right">Katharine Weymouth decided to sell legitimacy, with her paper?s editorial integrity thrown in as a parting gift.

For Australian Winemakers, More Turns Out to Be Less

" align="right">Australian winemakers are selling more wine but making less money per bottle.

Neighbor?s Shadow Still Large in Slovakia

" align="right">Slovakia still exudes uncertainty 16 years after its ?velvet divorce? from the Czech Republic.

Internet Companies and Ad Agencies Go From Old Enemies to New Friends

" align="right">The slowing growth in online advertising is pushing traditional ad agencies and Internet companies to work together.

Corporate Headlines

CIC Takes Teck Stake

Madoff Kickbacks Alleged in Austria

China Turns Up Heat on Carbon

Judge in Pang Case Rules for SEC

BA to Trim Capacity

Latest Corporate News

Another wave of foreclosures is poised to strike

Chinese drywall blamed for odors and corrosion in U.S. homes

Jobless rate is awful, but it's not a good stock market barometer

Countrywide fraud case hinges on disclosures to investors

Chinese airline may offer cheaper fares to passengers who stand

   

Business/Money

Strassel: The EPA Silences a Climate Skeptic

Stan Liebowitz: New Evidence on the Foreclosure Crisis

Primal Find Sings of Music's Mystery

Cryptologist Cracks Presidential Code

Making History

Wall Street News

Options Greeks - Rho (?)

Options Greeks - Vega (v)

Shorting Options and Warrants

Economic Calendar With Volatility Expectations

Options Greeks - Theta (?)

   

Other Corporate Headlines

Sales of flat-panel TVs brighten retail picture

Another 'jobless recovery' possible

The old is new again at Saturday Evening Post

Analysts gloomy on back-to-school sales

Regulators shut 6 Illinois banks

More Corporate Headlines

 

EXPRESSIONS

THE KNOWLEDGE NUT
Did you know that........ Your thumb is the same length of your nose?


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Services put discount-card bar codes into one spot

Ever feel loyalty-card overload?


Retirement account withdrawal

Whether you withdraw from an IRA or 401(k), the tax implications are usually the same.


U.S. mortgage applications climb from 7-month low (Reuters)

Reuters - U.S. mortgage applications climbed last week from a seven-month low, the Mortgage Bankers Association said on Wednesday, adding to emerging signs that the three-year housing market collapse may be abating.

Barter instead of using cash

This month's Frugal Sense winner uses her talents to barter for the items she wants or needs.

Great with credit, lousy with money

Credit scores are important, but having great scores doesn't mean you're doing everything right. If you fall for any of these 3 myths you could still get hurt.

'Lock in losses'? Go for it

Question: . I was laid off recently and want to roll over the substantial balance in my 401(k) into an IRA. But I don't know whether to do the rollover now and risk locking in losses or wait until the market recovers and then roll it over. What do you think? Steve, Wichita Falls, Texas

  Top Stories

- Jermaine Jackson Talks Michael:

- Jackson shared bond with 'very dear friend Diana Ross'

- Duke U. Official Attempts to Sell 5-Year Old Son for Sex

- McDonald’s unveils a bigger burger

- Jackson memorial tentatively set for Tuesday in LA

- Naval Academy Professor Challenges Rising Diversity

- Williams Sisters to Meet Again After Contrasting Semifinal Wins

- Al Sharpton Busts A Move At Michael Jackson Memorial (PHOTOS)

- Debbie Rowe Not Kids' Biological Mother, Jackson Not Father, Arnold Klein Is: TMZ, US

- Jackson's 'Smooth' leaning move really was patented

- AP Exclusive: Insomniac Jackson begged for drug

- Minnesota Senator Al Franken: How His Vote Could Matter

- Mississippi's still fattest but Alabama closing in

- Obama Presents Bill to Create Consumer-Finance Watchdog

- WSJ: Michael Jackson Left His Father Out Of Most Recent Will

- Study Warns of Hazards for Elderly Using Walking Aids

- Justices Rule for White Firefighters in Bias Case

- Katherine Jackson Granted Temporary Guardianship, Files For Control Of Son's Estate

- Joe Jackson: Michael Will NOT Be Buried At Neverland

- Debbie Rowe: Michael Is Not Kids' Biological Dad, I Don't Want Them

- Report: Michael Jackson's Drug Cocktail Of Demerol, Dilaudid, Vicodin, Zoloft, Xanax...

- U. S. Supreme Court Uphold Section 5 of Voting Rights Act with no help from Clarence Thomas

- Michael Jackson Videos: The Best Of The Best

- Holyfield’s estate faces foreclosure again

- Creflo Dollar sued over devotional text messages

- Queen Latifah on ‘Ice Age,’ her new album and her past, private life

- AP: Cavs close to trade for Shaq

- How the Food Makers Captured Our Brains

- PoliticsNewly Released Tapes: Nixon Said Abortion Necessary "When You Have A Black And A White"

- President Cool Plays It Right

- Major Study Highlights Weight Differences Among 3-19 Year-olds With Type 1 And 2 Diabetes - 91% of African Americans were obese

- Commentary: NAACP agenda still 'radical' after 100 years

- THE PROBE: Experts Suspect Failure Of Signal System, Operator Error

- Sprawling exhibit puts imprint of African-Americans on display

- MLB must preserve civil rights legacy

- Offered: Free hip-hop tickets for getting an HIV test

- Beyonce open U.S. tour

- Argument with Will.I.Am of the Black Eyed Peas started trouble with celebrity blogger

- SLIDESHOW: New Behind The Scenes White House Photos

- Making Home Affordable" Loan Modifications Hurt By Red Tape

- BusinessThe Worst Job Markets In America (SEE The Rankings)

- New map shows HIV rates highest in South

- Obama Signs Bill Regulating Tobacco

- Obama Announces Agreement With Drug Companies

- 'Cash-for-Clunkers' Bill Passes in Bid To Revive Car Sales

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