Posted by William C on January 1st, 2012
AP Photo Peter Tuchman, a trader with Quattro M Securities, works from a handheld computer during the first day of trading at the New York Stock Market on Tuesday.
AP Business Writer
NEW YORK — The stock market got a big jump on a better year.
Stocks rose sharply Tuesday in the first trading of 2012 after investors returned from the holiday and found encouraging economic reports from the United States and around the world.
The Dow Jones industrial average rose 179.82 points, or 1.4 percent, to 12,397.38, its highest close in more than five months.
The Standard & Poor’s 500 index, a broader gauge of the overall market than the Dow, finished up almost 20 points at 1,277. T
Read Full Post…
Posted by Margaret Gerber on December 29th, 2011
Published on Jan 4, 2012 
Purchase this article for republication Buy SPH photos
NEW YORK (AP) – Yahoo is reportedly considering naming Mr Scott Thompson, the president of eBay’s PayPal division, as its new chief executive officer (CEO).
The struggling Internet company has been without a permanent CEO since early September, when it fired Ms Carol Bartz after losing patience with her attempts to turn around the company during her 2 years on the job. Mr Tim Morse, Yahoo’s chief financial officer, has been interim CEO.
The Wall Street Journal said late on Tuesday that Mr Thompson could be named to head the California-based company.
A representative for Yahoo could not be immediately reached for comment on Wednesday.
Read Full Post…
Posted by Margaret Gerber on December 14th, 2011
MONTREAL, QC, December 15, 2011 /24-7PressRelease/ — Pawning or selling things online has become a very popular trend in Canada, following PawnUp.com’s launch of the fully functional online pawn shop earlier this year.
Unlike your ordinary gold and silver pawn shop around the corner, PawnUp.com online pawnbrokers offer their customers an opportunity to get a pawn loan or cash for sale without leaving the privacy and comfort of their own homes. With one of the lowest interest rates on the secured loans market, pawn loans rapidly become the first choice option for many short-term loan seekers.
PawnUp.com reacts to the needs of its customers fast: the company has made a decision to extend live support hours until 7 PM during the holiday season to serve its clients more efficiently. Read Full Post…
Posted by James Campos on December 13th, 2011
Professional social networking site LinkedIn introduced a new feature on Wednesday created to boost participation in professional conversation within its one million Groups through polling. Polls within groups will be rolling out to all members over the next few days, the company said.
According to LinkedIn’s principal product manager Ian McCarthy, group moderators on LinkedIn have been looking for “easy, time sensitive ways to generate conversations within the group,” and features that have been available to them so far, such as article sharing or blogging, weren’t suitable for obtaining quick insights from group members. To pro
Read Full Post…
Posted by William C on December 11th, 2011
Libya’s central bank and a subsidiary are expected to have UN sanctions against them lifted on Friday in a move to ease a cash crunch since the country’s civil war ended, diplomats said on Wednesday.
They said the Central Bank of Libya and the Libyan Foreign Bank (LFB), an offshore institution wholly owned by the central bank, would be taken off the Security Council’s sanctions list unless there were objections from council members.
When a rebellion broke out in February against strongman Muammar Gaddafi, the Security Council froze Libyan assets abroad estimated at $150-billion, but the bulk of that sum remains beyond the reach of the oil-rich country’s new rulers.
Gaddafi’s 42-year rule ended when his forces fled Tripoli in August, and the last of the fighting in Libya ended in October when he was captured and killed by rebels.
Yet by late November only about $18-billion in seized assets had been released by special provisions of the Security Council’s Libya sanctions committee, and diplomats said only about $3-billion of that had been made available to Tripoli.
Essential move
Last week, senior figures in Libya’s new leadership wrote the committee asking it to delist the central bank and LFB. Read Full Post…
Posted by Margaret Gerber on December 11th, 2011
Artists impression of the Corlan Hafren proposal for the Severn Barrage
The Severn barrage an ambitious energy generation and transport scheme that has the potential to transform South Wales is back on the agenda. Chris Kelsey reports
THE Severn barrage is the idea that refuses to die. It reared its head again this week little more than a year after it appeared to have been buried.
So what are the chances now that this barrage scheme will go ahead when others have failed?
Between 2002 and 2010 the arguments for and against a barrage were aired exhaustively, with positions becoming increasingly entrenched on either side.
Then last autumn the Government in Westminster appeared to have killed it off.
Read Full Post…
Posted by James Campos on December 10th, 2011
I read a lot of books. I don’t read fiction and I very, very rarely read something that isn’t about business. Having an e-book reader (in my case, it’s an iPad using the Kindle app) has made my appetite even more voracious. I am currently “reading” 14 different books simultaneously on my Kindle app. I put reading in quotes because it’s tough to say I’m really reading 14 books at the same time, but I am. I’d say that I read 40-50 pages of one book and then switch to another. Back and forth, back and forth. Eventually I complete each and every one. I finish some much faster than others.
Overall, I read 40+ business books each year.
With that concept in mind, I thought I’d list my favorite top 10 business books of all time. These are the one
Read Full Post…