www.blackcorporateworld.com | Saturday, Jul. 31, 2010  

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Wall Street marks best month in a year in July (Reuters)
Reuters - U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.
UK's Osborne urges banks to lend, restrain bonuses (Reuters)
Reuters - British finance minister George Osborne urged the country's banks to use strong first-half profits to boost business lending rather than pay large bonuses, in an interview published late on Saturday.
Eurazeo in exclusive B&B Hotels talks with Carlyle (Reuters)
Reuters - French financial holding firm Eurazeo said on Saturday it is in exclusive talks to sell its B&B Hotels chain to U.S. private equity firm the Carlyle Group.
BP may sell German gas stations for $2.6 billion: report (Reuters)
Reuters - BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans.

Dow briefly pushes past 10,000 barrier

Surprisingly strong earnings reports from Intel Corp. and JPMorgan Chase & Co. are sending stocks sharply higher. The Dow passed 10,000 for the first time in more than a year.


JPMorgan's third-quarter profit surges

While JPMorgan reported a $3.59 billion profit, it also says it roughly doubled the amount of money it set aside for failed home and credit card loans in the quarter.


Watchdog: Treasury, Fed failed to rein in AIG

Treasury Secretary Timothy Geithner is "ultimately responsible" for regulators failing to rein in massive bonus payments at AIG because he led the agencies that provided AIG's lifelines.


Recession? Knockoffs Go Downmarket

" align="right">Criminals are discovering there is money to be made in faking the more ordinary ? like $295 Kooba bags and $140 Ugg boots.

From Taxis to Textiles, Italy Chooses Tradition Over Growth

" align="right">Like much of the Italian economy, the Carlo Barbera factory is struggling, for reasons that academics say reveal much about what ails Italy.

A Fear That Academics Are Distracted Directors

" align="right">When university presidents serve on many corporations? boards, governance experts say, someone is getting short shrift.

Ping: In School Systems, Slow Progress for Open-Source Textbooks

" align="right">Two founders of Sun Microsystems have created two nonprofits to bring open-source textbooks to kindergarten through high school classes.

Strategies: Small Step on Mutual Fund Fees, but Big Charges Remain

" align="right">The steady drain of fees like the 12b-1 can erode a nest egg over time. The S.E.C. is stepping in, but in a modest way.

Corporate Headlines

Personal Details Exposed Via Biggest U.S. Websites

Obama Pushes Small Business Bill

BofA Cuts Some CD Rates

Nokia Siemens in Deal Talks

Google Says China Remains Murky

Latest Corporate News

Teen 'haulers' become a fashion force

Chinese censors take notice of Twitter-style blogs

Elizabeth Warren, touted to lead new consumer protection agency, has powerful enemies

Ocean shipping lines cut speed to save fuel costs

Desperate for capital, small businesses turn to private lenders

   

Business/Money

The Web's New Gold Mine: Your Secrets

How to Avoid Prying Eyes

Personal Details Exposed Via Biggest U.S. Websites

The New Credit-Card Tricks

Is Chelsea Clinton Setting a Bad Example?

Wall Street News

Economic Calendar With Volatility Expectations

How to Use the Economic Calendar

Economic Calendar With Volatility Expectations

Trading the Japanese Candlestick Patterns

Economic Calendar With Volatility Expectations

   

Other Corporate Headlines

Whole wheat trounces white bread

Retirement anxiety up for young workers

Motorist sees red over missing payment

Take a taxing vacation

5 conditions that raise life insurance rates

More Corporate Headlines

Did Exxon misplay its bet on China?

The best banks to invest in

Bubble, bubble . . . China's trouble

Investor clues in latest earnings

 


Special Edition



  BLACK ONLINE NEWS NETWORK VIDEO
  BENJAMIN'S NEWS
Protecting tenants who report harassment

Q I'm feeling increasingly uncomfortable about the dynamics I'm witnessing at my apartment community. The manager is constantly hitting on my neighbor in public settings (like the pool), even to the point of insisting that she accept his "back rubs." She hates it and has tried to stop it, but she's afraid to complain to the owner (the manager is the owner's son). If I complain to the owner, can he evict me?


When a HELOC is used for a business

A couple wonders if interest on a HELOC is tax-deductible if the loan is used for an LLC.


Mortgage applications fall 4.4 percent last week (AP)

AP - Applications for home loans fell last week despite the lowest mortgage rates in decades.

Stock up on staples for pennies

This month's Frugal Sense winner spends mere pennies to stock up on staples like toothpaste.

Rent a car, risk a surprise ticket

Traffic camera operator ATS gets drivers' credit card data from rental companies, so if one of its cameras catches you, an unexpected charge may pop up on your bill.

Hello pension, bye-bye saving? Not so fast

Question: I'm retired on a pension and will soon start receiving Social Security. So I'm wondering, once you're retired do you still need an emergency fund of three to six months' worth of living expenses as you did when you were working? --Jim, West Farmington, Ohio

  Top Stories

- NAACP-SUPPORTED LEGISLATION TO REDUCE CRACK COCAINE/POWDER COCAINE SENTENCING DISPARITIES PASSES U.S. HOUSE AND SENATE

- How to Prove Workplace Discrimination to the EEOC | eHow.com

- Cleveland: Temp agency settles after profiling allegations

- Statement From the National Association of Black Journalists on the Reaction of News Organizations Covering Shirley Sherrod

- Department of Ed Rule will Limit Access for Black Students

  PRESS RELEASES THE WIRE
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EXPRESSIONS

SUNDAY SCHOOL
When ever you have consulted God about a decision you have to make, you will know his answer because when you make the decision you will have a peace about it

HAPPILY EVER AFTER
There are no perfect marriages because there are no two perfect people that can be put together to make one!

YES I CAN
I can because every organ in my body wants me to and they will provide all the encouragement I need as I go along!

SCHOOLING DIVALEESHA
Divaleesha......the way to a man's heart is not through the kitchen or the bed, it's through his head!

THE ACTIVIST
Whenever President Obama does somethiing large like signing the Wall Street Financial Reform bill, the mainstream media tries to find something small to build up and try to overshadow it in the news

REV. TELL IT LIKE IT IS
Parents .................if you raise a monster, eventually the monster will turn on you!

THE MYSTERY OF BLACK HISTORY
Alexandre Dumas is born July 24, 1802 ................. Alexandre Dumas was born in Villiers-Cotterets to a Haitian mulatto, Thomas Alexandre Dumas, and Marie Labouret Dumas, a French woman. He will become an acclaimed author of the French classics The Three Musketeers, The Count of Monte Cristo, The Man in the Iron Mask, and The Corsican Brothers. Dumas wrote hundreds of plays, novels and travel diaries. He wrote several children's stories, and a culinary dictionary. He started several magazines and wrote in them weekly. He was one of the most prolific writers ever, and did not shy away from collaborating with others or rewriting older stories.

THE KNOWLEDGE NUT
Did you know that...................... Overexposure to aluminum compounds—in foil, cookware, deodorants, antacids, toothpaste—can affect brain function?

DOCTOR KNOW
Due to high rates of diabetes, high blood pressure and heart disease, African Americans have an increased risk of developing kidney failure, and requiring dialysis treatments or a kidney transplant to sustain life.

GIRL TALK
Girl.................... Tiger should change his name from Tiger Woods to Tiger DID!

 

 
     
       
 

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