Saturday, 24 September 2011

Summary Box: Money manager settles fraud case (AP)

MANAGER SETTLES: The co-founder and former chairman of AXA Rosenberg is paying $2.5 million to settle federal fraud charges. He will also be banned from the securities industry for life, the Securities and Exchange Commission said Thursday. BIG LOSSES: Barr M. Rosenberg learned of the coding error in June 2009, federal regulators said. The error was not disclosed to clients until April 2010. By then, clients lost $217 million. EXECUTIVE `RELIEVED': Rosenberg's attorney, Jonathan R. Bass, said his client is "relieved" that the settlement is over and that he never intended to "cause harm to AXA Rosenberg clients or to gain any advantage or any benefit for himself."...

Oil falls below $80 per barrel on demand concerns (AP)

Oil fell for a third straight day on Friday on worries that the global economy is headed for recession and could cut demand for crude. Economies around the world are at risk of stalling, and that has punished prices of stocks and commodities. U.S. political leaders are in a standoff that could force the government to shut down, a manufacturing survey suggested a slowdown in China, and Europe hasn't solved its banking crisis. Moody's downgraded eight Greek banks, because of the country's deteriorating economy. The concern is that a Greek default could hurt other nations in Europe and beyond. When the economy slows, do does demand for oil. "People are just afraid that demand is going to be affected in a negative way and that's pulling prices back down," said Tom Bentz, an analyst at BNP Paribas...

KB Home posts wider loss for fiscal 3Q (AP)

LOS ANGELES – KB Home said Friday its fiscal third quarter loss widened, as the homebuilder delivered fewer homes than a year ago when a federal homebuyer tax credit helped inflate deliveries and revenue. The Los Angeles company also said the tax credit, which expired in April 2010, contributed to a 40 percent climb in new home orders in this year's quarter. Homebuilders have been reporting annual increases in new home orders this summer, but much of that is attributed to a hangover effect from the expiration of the tax credit. New home sales plummeted last year after potential homebuyers no longer had the tax credit. Sales remained weak throughout the summer and much of the fall. Even with the credit, new home sales in 2010 fell to the lowest level on records going back 47 years. That made...

BP files first Gulf drill plan since Macondo (Reuters)

HOUSTON (Reuters) – BP Plc. confirmed on Friday it has filed a plan with U.S. regulators to pursue its first new deepwater oil exploration work in the Gulf of Mexico since the disastrous Macondo spill in 2010. The plan, filed with the Bureau of Ocean Energy Management, Regulation and Enforcement, is BP's first move to return to deepwater Gulf exploration since its Macondo well ruptured on April 20, 2010, and caused nearly 5 million barrels of oil to spew into the sea in what was the worst U.S. marine oil spill. The supplemental exploration plan will be a key litmus test for how U.S. regulators treat BP, the biggest Gulf oil producer, in the post-Macondo world. In a key investigative report issued on September 14, the U.S. government heaped the lion's share of blame for the disaster on BP,...

Fannie Mae cited for failing to stop robo-signing (AP)

WASHINGTON – Fannie Mae missed chances to catch law firms illegally signing foreclosure documents and its government overseer did not take the right steps to ensure Fannie was doing its job, according to a federal watchdog. The Federal Housing Finance Agency's inspector general said in a report Friday that Fannie failed to establish an "acceptable and effective" way to monitor foreclosure proceedings between 2006 and early 2011. FHFA then failed to ensure it was complying with demands that it clean up its programs. Mortgage industry employees — including law firms employed by Fannie Mae — signed documents they hadn't read and used fake signatures on foreclosure cases across the country. The practices, known collectively as "robo-signing," resulted in a suspension of foreclosures last fall...

Make Money Online with Flixya

Flixya is a Google Adsense Revenue Sharing Program that offers legitimate opportunities to make money online.  It is a social networking site that lets you earn 100% revenue share through Google Adsense. With Flixya, you can easily make money online by monetizing and sharing your own content. Flixya has recently announced the release of its new site upgrades i.e. Flixya v3.0 that leverages the Google AdSense API and also features a modernized interface and a long list of vital improvements that help you easily publish your content, increase your revenue potential and rapidly distribute your content over social media sites. In 2006, Flixya was originated as a video sharing site which then broadened its spectrum by getting incorporated...

Calif. governor signs compromise on Internet taxes (AP)

SAN FRANCISCO – Gov. Jerry Brown signed legislation Friday that postpones new sales taxes rules that would have affected online purchases in California, granting more time for traditional and online retailers to lobby Congress for a national standard on the high-stakes issue. The bill, crafted as a compromise among Amazon.com, traditional retailers and California lawmakers searching for ways to raise revenue, delays until at least September 2012 online tax rules that were implemented as part of this year's state budget package. Under the compromise, Amazon will drop a ballot referendum planned for next year to overturn the law passed earlier in the summer, a move that promised an ugly and expensive campaign fight between online and traditional retailers. "When you get two threats, that gives...

Friday, 23 September 2011

Dollar weakens against euro after two-day rally (AP)

NEW YORK – The dollar gave back some of its gains against the euro Friday, a day after hitting an eight-month high against the European currency. The dollar had risen nearly 1.5 percent against the euro since Tuesday, as demand for the U.S. currency increased on fears about the global economy. At one point, the euro fell to $1.3384 Thursday, its lowest level since Jan. 18. Finance ministers from 20 leading economies, who are meeting Friday in Washington D.C., tried to calm markets ahead of their meeting saying that they are strongly committed to stabilizing the global economy. But with no economic data expected in the United States, the dollar traded in tight ranges against most currencies. In afternoon trading Friday, the euro edged up to $1.3489 from $1.3469 late Thursday. The British...

Senate blocks House disaster aid bill (AP)

WASHINGTON – The Democratic-led Senate blocked a House bill on Friday that would provide disaster aid and keep government agencies open, escalating the parties' latest showdown over spending and highlighting the raw partisan rift that has festered all year. In a tit-for-tat battle, the Senate used a near party-line vote of 59-36 to derail the measure passed earlier by the Republican-run House. That bill would fund federal agencies and provide $3.7 billion in disaster assistance, partly paying for that aid with cuts in two Energy Department loan programs that finance technological development. With the support of 10 GOP senators, the Senate had voted last week to provide $6.9 billion in disaster aid and no cuts to help pay for it. Senate Majority Leader Harry Reid, D-Nev., offered a compromise...

FedEx pares 2012 outlook, shares hit 2-year low (Reuters)

FedEx Corp (FDX.N), the world's No. 2 package delivery company, cut its full-year profit outlook, citing fuel prices and weak global economic growth, sending its shares down as much as 11 percent to a two-year low.Chief Executive Fred Smith said he did not expect economic conditions to improve much any time soon, although he did not expect the United States to dip back into recession."We expect sluggish economic growth will continue, largely due to a lack of confidence that U.S. and European policy makers will effectively address current economic challenges," Smith said on a conference call to discuss quarterly results.The sour mood of the consumer, which is compelling companies around the world to squeeze costs and hold down inventories, remains the biggest drag on the economic growth that...

Warnings mount on euro crisis, BRICS mull more aid (Reuters)

WASHINGTON (Reuters) – World leaders and finance chiefs on Thursday pushed Europe to quell its debt crisis and big emerging economies said they might provide more money to help stop the chaos from spreading. As finance ministers and central bankers gathered for talks amid growing concern about sharply slowing growth and plunging stock markets, the leaders of seven big economies stressed the need to contain the euro zone crisis. "Euro zone governments and institutions must act swiftly to resolve the euro crisis and all European economies must confront the debt overhang to prevent contagion to the wider global economy," the leaders of Australia, Canada, Indonesia, Britain, Mexico, South Africa and South Korea wrote in an open letter to France, chair of the Group of 20 leading economies. Separately,...

Download The Band Perry-If Die Young

The Band Perry-If Die Young This song just for preview, please buy MP3 Original and use ringtone for the artist can be work. We do not save this file, we only provide the latest song info. So we do not save this file in the data base http://the-best-make-money-online.blogspot.com Mp3 Info:   Title: If I Die Young |   Artist: The Band Perry | Album: The Band Perry |   Genre: Country |   Year: 2010 |   Bit Rate: 177 kbps | Sample Rate: 44100 Download: The Band Perry-If Die Yo...

Download Adele Rolling In The Deep

Adele Rolling In The Deep  This song just for preview, please buy MP3 Original and use ringtone for the artist can be work. We do not save this file, we only provide the latest song info. So we do not save this file in the data base http://the-best-make-money-online.blogspot.com Mp3 Info:   Title: Rolling in the Deep |   Artist: Adele | Year: 2010 |   Track Number: 1 |   Bit Rate: 192 kbps |   Sample Rate: 44100 Download: Adele Rolling In The D...

Download I Wanna Go - Britny Spear

 I Wanna Go - Britny Spear This song just for preview, please buy MP3 Original and use ringtone for the artist can be work. We do not save this file, we only provide the latest song info. So we do not save this file in the data base http://the-best-make-money-online.blogspot.com Mp3 Info:   Title: I Wanna Go By PAH-Radio |   Artist: Britny Spear | Album: Britny Spear | Genre: PAH | Bit Rate: 192 kbps | Sample Rate: 44100 Download: I Wanna Go - Britny Sp...

Download Rihanna Cheers (Drink to That)

 Rihanna Cheers (Drink to That)  This song just for preview, please buy MP3 Original and use ringtone for the artist can be work. We do not save this file, we only provide the latest song info. So we do not save this file in the data base http://the-best-make-money-online.blogspot.com Mp3 Info:   Title: Cheers (Drink to That) | Artist: Rihanna | Album: Loud | Genre: R&B | Year: 2010 |   Bit Rate: 271 kbps |   Sample Rate: 44100 Download: Rihanna Cheers (Drink to Th...

Q&A: Is this the end of the road for the gold rush? (Reuters)

Growth is stalling, the euro zone is flailing, the Fed is spent and risk markets are melting down -- yet gold, the one asset that has consistently rallied in similar circumstances over the past year, is in a tailspin.After a month of unprecedented volatility that has rattled some investors' confidence in gold's decade-long winning streak, the question is obvious: Is this what the popping of a gold bubble looks like?The answer, of course, isn't obvious. The bursting of asset bubbles is best seen in retrospect, and gold's 10 percent decline from a record high just three weeks ago is far from its worst tumble; it last suffered such a setback in late 2009, and multiple times in 2008. It is only halfway to the 20 percent mark that separates a correction from a bear market.While a survey of the...

Rate on 30-year mortgage stays at record 4.09 pct. (AP)

WASHINGTON – Fixed mortgage rates hovered at record lows for a third straight week. They are likely to fall even further now that the Federal Reserve said it would shuffle its holdings to drive down long-term interest rates.The average rate on the 30-year fixed mortgage was unchanged at 4.09 percent this week, Freddie Mac said Thursday. That's the lowest rate seen since 1951.The average rate on the 15-year mortgage ticked down to 3.29 percent. Economists say that's the lowest rate ever for the loan.Mortgage rates tend to track the yield on the 10-year Treasury note. One day after the Fed's announcement, the yield on the 10-year note touched 1.74 percent Thursday. That's the lowest level since Federal Reserve Bank of St. Louis started keeping daily records in 1962.In July, the yield on the...

Thursday, 22 September 2011

Geithner certain euro zone will boost bailout fund (Reuters)

WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner said on Thursday he was sure Europe would boost the firepower of its bailout fund to contain the debt crisis as pressure on Europe grew to act decisively to calm markets.Geithner traveled to Europe twice in the last two weeks to discuss dealing with the crisis. He suggested boosting the firepower of the euro zone bailout fund -- the European Financial Stability Facility (EFSF) -- through leveraging to EU finance ministers last Friday.Borrowing costs for euro zone countries like Spain and Italy have been rising steadily despite a euro zone agreement to allow the EFSF to buy bonds on the secondary market, extend preventive credit to countries and lend to recapitalize banks.Investors are concerned about the apparent lack of unity among...

What is a referral link

The referral link is the link through which you build your downline at a ptc sites or any kind of website that allows you to bring referrals and earn money on their activity. The link can be in simple format just like you receive it from the ptc site. Here is an example of referral link:  http://bux.gs/?r=your-ptc-username It can be used as a text link like in the following example: It can also be used as an image link (banner) like in the following example: The html code for the image link is: <a href=”http://www.themoneymaking.com/the-best-ptc-sites/palmbux/” target=’_blank’ rel=’nofollow’> <img border=”0″ src=”http://www.palmbux.com/images/banners/banner2.png” width=”468″ height=”60″></a> …where the first URL...

6 tips that guarantee your success with ptc sites

6 tips that guarantee your success with ptc sitesI’ve been working with ptc sites in the past year or so and I can say I’m doing pretty well. All though I see every day people frustrated that they do not make money with these kinds of websites and give up easily. I know what it means to be a beginner and wait for months to see 1 -2 dollars in your account, not to mention how much effort you have to put in to bring a couple of referrals every month and to see that only a third of them actually click on the ads and bring you money. But, if you keep going and don’t give up and put up a plan to follow exactly you can earn enough money with ptc sites. Here are 6 things you should be aware of if you want to be successful with ptc sites: 1) Choose carefully the websites you’re joining The...

Summary Box: Nike Inc. fiscal 1st-quarter results (AP)

EARNINGS: Nike Inc.'s net income rose 15 percent to $645 million, or $1.36 per share from $559 million, or $1.17 per share, in the same quarter last year.REVENUE: Revenue for the world's largest athletic shoe and clothing company rose 18 percent to $6.08 billion.EXPECTATIONS: The quarter beat analysts' expectations of $1.21 per share on revenue of $5.75 billion, according to data from FactS...

Download Stereo Hearts - Gym Class Heroes feat. Adam Levine

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Download One Republic - Good Life

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Download Lil Wayn - How To Love

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Download Lighters (ft. Bruno Mars)

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How to Make Money Online Building Custom WordPress Themes

Nowadays, several people are already using different techniques on how to make money online building custom WordPress themes. This is because of the websites’ need to create a page that reflects their unique characteristics. Also, website owners absolutely wouldn’t want another website to look exactly or similar as their web pages. This calls for the need of website owners to have custom-made themes. WordPress is one of the leading blog sites. This is where people express their opinions, ideas, as well as experiences. Since every people have his own personality and characteristic, it is just appropriate for them to have a theme that is also distinctive of their own topic. There is no better way to express your insights than incorporating theme in your web designs. To start off, you...

Wednesday, 21 September 2011

GM Becomes First of Big Three to Reach New Agreement with UAW (ContributorNetwork)

As predicted, General Motors became the first of the Big Three to reach a new contract agreement with the UAW on Friday. The agreement, described as "tentative" because it has yet to be officially ratified by UAW members, was reached late that evening, according to reports that emerged from Detroit on Saturday. General Motors had begun preliminary negotiations with the UAW earlier this year, but as the expiration date of the current contract loomed nearer, discussions intensified, reaching a head in the last two weeks. Chrysler and Ford are still in negotiations with the UAW, although Chrysler is said to be close to a deal of their own. Ford has extended its current contract indefinitely while negotiations continue. Contracts between each of the Big Three and the UAW expired on Wednesday....

Greece promises primary surplus in 2012 (AP)

VOULIAGMENI, Greece – Greece's finance minister promised Monday to stick with his plan for the country to post a primary surplus in 2012, hours ahead of an emergency teleconference with creditors that could go a long way to determining whether Greece avoids defaulting on its debts. Evangelos Venizelos' target of generating more revenues next year than the country spends, before paying off interest on debts, comes despite the ongoing recession in the crisis-hit country. Greece's economy is expected to contract by about 5.5 percent this year and to shrink further next. Speaking at a conference south of Athens, Venizelos said the 2012 target was vital for Greece to avoid international "blackmail and humiliation" and came as markets continued to fret about the possibility of an imminent Greek...

Lennar 3Q profit falls, but meets Street's view (AP)

MIAMI – Lennar Corp.'s fiscal third-quarter net income dropped 31 percent as the company delivered fewer homes. But the homebuilder said Monday that demand is picking up somewhat, driven by low home prices and low interest rates. The company earned $20.7 million, or 11 cents a share, for the three months ended Aug. 31. That compares with net income of $30 million, or 16 cents a share, a year ago. This met analysts' expectations. Revenue dipped 1 percent to $820.2 million from $825 million, but beat Wall Street's estimate of $794.4 million. Home deliveries fell 3 percent to 2,865 homes, while new orders rose 11 percent to 2,914 homes. Lennar, based in Miami, has operations in 17 states and is the third-largest homebuilder in the U.S., based on homes delivered last year....

Stock index futures signal sharp losses (Reuters)

(Reuters) Stock index futures pointed to a sharply lower open on Wall Street on Monday, as renewed fears of a Greek debt default prompt investors to book some of last week's gains and turn to safer assets such as gold. * At 0900 GMT, futures for the S&P 500 were down 2 percent, Dow Jones futures down 1.7 percent, and Nasdaq 100 futures down 1.8 percent. * European stocks were down 2 percent in morning trade, led by banking shares such as Deutsche Bank (DBKGn.DE) and Societe Generale (SOGN.PA) on renewed fears euro zone leaders won't be able to prevent a default by debt-stricken Greece. * At meetings ending on Saturday, EU finance ministers broke no new ground in dealing with the crisis and made no decision on whether to give more firepower to the 440 billion euro ($607 billion) bailout...

Tuesday, 20 September 2011

Merkel ally: German govt coalition will survive (AP)

BERLIN – A senior ally of Chancellor Angela Merkel says Germany's troubled government will survive and keep working together to resolve the eurozone debt crisis despite a state election wipeout for her junior coalition partner. Merkel's Christian Democrats performed respectably in Sunday's election in Berlin but their junior partner, the Free Democratic Party, lost three-quarters of its support. It was ejected from the state legislature. Last week, Merkel's vice chancellor — a Free Democratic — talked about the possibility of an eventual "orderly insolvency" for Greece. The comments ignited market fears, irked Merkel and prompted speculation her coalition government could collapse before a vote in 2013. Volker Kauder, parliamentary leader of Merkel's conservatives, told ZDF television Monday...

UBS starts probe into $2.3 billion rogue trade loss (Reuters)

ZURICH (Reuters) – UBS kicked off an internal investigation into the catastrophic failure of its risk systems after rogue equity trades cost the Swiss bank $2.3 billion, raising the pressure on top management. UBS said its board of directors had set up a committee chaired by independent director David Sidwell, former chief financial officer at Morgan Stanley, to conduct an independent investigation into the trades and the bank's control systems. "External expectations are that the investigation should take weeks and not months," a UBS insider told Reuters. "The internal investigation will be coordinating with the regulators on their probe." The Swiss bank stunned markets on Thursday when it announced unauthorized trades had lost it about $2 billion, a figure it increased to $2.3 billion...

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