Wal-Mart vice chairman to retire (Reuters)

(Reuters) – Wal-Mart Stores Inc (WMT.N) is losing two top e-commerce executives at a time the world's largest retailer is trying to step up online competition with the likes of Amazon.com Inc (AMZN.O). Wal-Mart said on Tuesday that Vice Chairman Eduardo Castro-Wright, head of the e-commerce and sourcing business at Wal-Mart, will retire on July 1 to spend more time with his family. In separate news, Nestle (NESN.VX) named Wal-Mart's executive vice president of global e-commerce for emerging markets as its new chief financial officer. Wang Ling Martello, who has also worked with Kraft Foods Inc (KFT.N), will join Nestle on April 1. The departures comes some six weeks after Wal-Mart said it was shaking up its e-commerce structure as it aims to build up its online business. Wal-Mart has had...

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Businesses beat market blues, boost spending (Reuters)

WASHINGTON (Reuters) – U.S. businesses stepped up investment spending in August despite the upheaval caused by bitter political fighting in Washington, and some economists raised their forecast for economic growth for this quarter. The Commerce Department said on Wednesday that non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending, increased 1.1 percent after falling 0.2 percent in July. That was well above economists' expectations for a 0.3 percent rise and suggested that businesses, sitting on about $2 trillion in cash, had not responded to the recent financial market volatility by curtailing investment. "If we were in a recession we would expect to see business orders for capital goods plummeting and they are not," said Richard DeKaser, an...

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Crude oil supplies rise by 1.9 million barrels (AP)

NEW YORK – The nation's crude oil and gasoline supplies rose last week, the government said Wednesday. Crude supplies increased by 1.9 million barrels, or 0.8 percent, to 341 million barrels, which is 4.7 percent below year-ago levels, the Energy Department's Energy Information Administration said in its weekly report. Analysts expected supplies to be unchanged for the week ended Sept. 23, according to Platts, the energy information arm of McGraw-Hill Cos. Gasoline supplies rose by 800,000 barrels, or 0.4 percent, to 214.9 million barrels. That was less than analysts expected and 3.5 percent below year-ago levels. Demand for gasoline over the four weeks ended Sept. 23 was 2.4 percent lower than a year earlier, averaging 8.9 million barrels a day. Refineries ran at 87.8 percent of total capacity...

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A look at economic developments around the globe (AP)

A look at economic developments and activity in major stock markets around the world Tuesday: ___ BERLIN — Greece will receive its next batch of bailout loans in time to avoid a disastrous default, the country's finance minister said, as stock markets rallied on hopes that policymakers around Europe were preparing a comprehensive solution to the debt crisis. ___ LONDON — Hopes that policymakers are preparing a grand plan to finally contain Europe's debt crisis bolstered stocks ahead of a meeting between the leaders of Greece and Germany. Germany's DAX closed 5.3 percent higher while the CAC-40 in France jumped 5.7 percent. The FTSE 100 index of leading British shares ended 4.0 percent higher. ___ TOKYO — In Asia, Japan's Nikkei 225 shot up 2.8 percent, a day after shedding more than 2 percent...

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Download Someone Like You - Adele

Someone Like You - Adele 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: Someone Like You | Artist: Adele | Genre: Pop | Bit Rate: 171 kbps | Sample Rate: 48000  Download: Someone Like You - Ad...

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Commodity rout pulls Wall Street lower (Reuters)

NEW YORK (Reuters) – Stocks fell on Wednesday as sharp declines in metals and energy prices weighed on commodity-related stocks and underscored concerns about the global economy and Europe's festering debt crisis. The Dow Jones industrial average dropped 77.99 points, or 0.70 percent, to 11,112.70. The Standard & Poor's 500 Index dropped 12.46 points, or 1.06 percent, to 1,162.92. The Nasdaq Composite Index dropped 27.44 points, or 1.08 percent, to 2,519.39. (Editing by Kenneth Barry)...

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EU pushes for global financial trading tax (AP)

LONDON – Taxing financial trades has been touted as a panacea for all kinds of global ills, a cash source to fight poverty and global warming. But the latest European attempt to introduce a worldwide standard 40 years after it was first conceived is facing stiff opposition from the U.S. and Britain. Jose Manuel Barroso, the president of the EU's executive arm, on Wednesday threw his weight behind the tax that his office estimated could raise euro57 billion ($77 billion) a year in Europe to help combat a debt crisis that is threatening the euro currency. "In the last three years, member states have granted aid and provided guarantees of euro4.6 trillion to the financial sector," Barroso said. "It is time for the financial sector to make a contribution back to society." The tax would be a...

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A Hidden Reason to Buy These 3 Stocks (The Motley Fool)

Twenty-five years ago, British newsweekly The Economist invented "the Big Mac index." It was meant to be a fun, easy way to measure purchasing-power parity by comparing the price of a McDonald's Big Mac in different countries. It turned out to be not only fun and easy, but also quite accurate in predicting long-run movements in currency exchange rates. Quirky economic indicators of all sorts have since propagated. Today, we'll examine one of the better known ones, "the lipstick index," and see what it tells us about three of the world's leading cosmetics companies. When the going gets tough, the tough wear lipstickThe lipstick index posits that in uncertain economic times, a consumer will turn from more expensive indulgences, like a $500 handbag from Coach (NYSE: COH - News), or $100 yoga...

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Accenture sees strong 2012, lifts gloom (Reuters)

(Reuters) – Accenture Plc (ACN.N) reported market-beating quarterly results, and the technology outsourcing and consulting company forecast a strong 2012, allaying fears of an industry-wide slowdown triggered by a slowing U.S. economy and debt crisis in Europe. Accenture said though the global economy has turned more volatile and uncertain, increased regulations and the need to adapt to globalization will drive spending for its services. "Our clients continue to take steps to adjust to this new environment and this continues to drive demand for our services," Chief Executive Pierre Nanterme said on a conference call with analysts. Grand Canal Harbour, Ireland-based Accenture said its new bookings -- a key indicator of future sales -- of $8.4 billion in the fourth quarter was the company's...

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UAW OKs GM deal (Reuters)

DETROIT (Reuters) – Workers represented by the United Auto Workers union approved a four-year labor contract with General Motors Co on Wednesday, the first such deal for the top U.S. automaker since its 2009 bankruptcy. Ratification of the GM deal, which covers 48,500 hourly workers, clears the way for the union to complete talks with the automaker's crosstown rival, Ford Motor Co. The deal adds or saves more than 6,000 U.S. factory jobs, raises wages for entry-level employees and pays each worker at least $11,500 in bonuses over the four years, the union said. The union also estimated the deal would create another 57,600 jobs at suppliers and other auto-related businesses. "When GM was struggling, UAW members shared deeply in the sacrifice," UAW President Bob King said in a statement. "The...

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Download Cobra Starship - You Make Me Feel ft. Sabi

Cobra Starship - You Make Me Feel ft. Sabi 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 Download: Cobra Starship - You Make Me Feel ft. Sabi &nb...

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Walgreen profit jumps, shares fall on deal concern (AP)

INDIANAPOLIS – Shares of Walgreen Co. tumbled Tuesday, as investor concerns over the fate of a multibillion-dollar contract outweighed a jump in the drugstore operator's fiscal fourth-quarter earnings. The Deerfield, Ill., company said Tuesday morning there has been no substantive progress in contract renewal negotiations with Express Scripts Inc., and company officials later told analysts the two sides remain "miles apart." Walgreen said in June that it was ending a $5.3-billion-per-year relationship with Express Scripts Inc. Walgreen said that the St. Louis company was not paying it enough money to fill prescriptions. It also complained that Express Scripts was trying to dictate terms of the partnership. Pharmacy benefits managers, or PBMs, like Express Scripts pay Walgreen to fill prescriptions....

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Amazon unveils Kindle Fire tablet, priced at $199 (Reuters)

NEW YORK (Reuters) – Amazon.com Inc introduced its eagerly awaited tablet computer on Wednesday with a price tag that could make it the first strong competitor in a tablet market that has been dominated by Apple Inc's iPad. The new device, priced at $199, may have the biggest impact on other makers of tablets and e-readers, such as Samsung Electronics Co Ltd and Barnes & Noble Inc, maker of the Nook. "It's a Nook killer," said Scot Wingo, chief executive of ChannelAdvisor, which helps merchants sell more on websites including Amazon.com. "And it's a very compelling offering if you're not in the Apple ecosystem already." The Kindle Fire tablet has a 7-inch screen, free data storage over the Internet and a new browser called Amazon Silk. Amazon expects shipments to start on November 15....

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Analysis: Auditor defense may have holes in Deloitte case (Reuters)

NEW YORK (Reuters) – A favorite defense of auditors against securities lawsuits may have some holes when applied to a massive case against Deloitte Touche Tohmatsu Ltd stemming from the subprime mortgage crisis. The world's largest accounting and consulting firm, Deloitte on Monday was accused of failing to detect fraud during its audits of Taylor, Bean & Whitaker Mortgage Corp, one of the biggest private mortgage firms to collapse during the U.S. housing crash. The complaints were brought by a trustee overseeing Taylor Bean's bankruptcy and one of the company's subsidiaries in a Miami Circuit Court, claiming a combined $7.6 billion in losses. "It's always difficult to believe that an auditor that's been auditing for seven years or more during an alleged ongoing fraud had no red flags,"...

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How Nevada Became the Go-To State to Evade Taxes (Time.com)

Nevada rolled out the welcome mat in the 1940s for mobsters who transformed the sleepy town of Las Vegas into Sin City. Now, the Silver State appears to be welcoming a new generation of entrepreneurs looking for a legal haven for otherwise dubious practices. According to Reuters, Nevada has become the go-to state for people looking to create shell companies, which are firms set up with few assets that are sometimes used to evade taxes. Aaron Young, Wayne McMiniment and Richard Neiswonger are each convicted felons that have set up a "thriving business" helping set up those sorts of companies, Reuters says. (LIST: 15 Financial Moves to Make Right Now) Nevada officials decided a few years ago to loosen corporate disclosure requirements and offer generous legal protections not found in...

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Greece to face inspectors, Merkel hints at bailout (Reuters)

ATHENS (Reuters) – EU and IMF inspectors will return to Greece on Thursday to decide whether Athens has done enough to secure a new batch of aid vital to avoid bankruptcy, while Germany suggested a new bailout may have to be renegotiated. Facing a wave of strikes and protests, Greece's Socialist government is accelerating budget measures to meet the terms of an International Monetary Fund and European Union rescue deal so it can receive a new loan next month. The "troika" team of inspectors, which had threatened to cut off aid if Athens did not move faster, will hold talks on a plan to deepen budget cuts and raise taxes which has driven protesters back onto the streets for the first time since June. "I can confirm the Eurogroup (of euro zone ministers) will hold an additional meeting as...

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Infiniti adds first gas-electric hybrid (AP)

Luxury brand Infiniti finally joins the gasoline-electric hybrid car market with the 2012 M35h that's rated 38 percent more fuel efficient overall than its non-hybrid, V-6-powered M35 sibling. Drivers can get 9 more miles from a gallon of gas in city traffic and 6 more miles a gallon on the highway by driving the M35h rather than the regular M35, according to federal government estimates. And the M35h helps prod the driver to meter gasoline via an accelerator pedal that feels like it has a brick behind it whenever a computer in the car determines that the driver isn't being fuel-conscious. This noticeably firm resistance as the accelerator is being pushed down comes only when the driver has engaged the car's eco mode. And, it's easily overcome with a bit more pushing on the pedal. But a...

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Flaherty mum after meeting on economy (Reuters)

OTTAWA (Reuters) – Finance Minister Jim Flaherty discussed the global economy with Prime Minister Stephen Harper and the head of the Bank of Canada for 45 minutes on Tuesday but did not comment afterward. Flaherty and Bank of Canada Governor Mark Carney were in Washington for a meeting of the Group of 20 leading and emerging nations last week. Harper was in New York on a separate trip. "I think we're all finding that people are pretty positive about what we're doing here, but we're in a world picture that is not so positive, and that clearly is going to demand that we spend a little bit of time looking at it," Harper said in remarks before the meeting started in his office. Speaking to legislators earlier in the day, Harper dismissed opposition calls for more stimulus measures to help the...

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How To Make Money Blogging

Blogging is the best thing you can do in your spare time, but in modern times to make money with blogs is the latest.  I'll show you how to make money blogging annd also show a few tips to make money online blogs in your blog. Follow me this fantastic opportunity to make money online blog with AdSense, Amazon, Clickbank and other things you can do with your blog. Increasingly recognize that blogging is one of the best ways to start your own business online. A minimum start-up costs, you can know an impressive and loyal audience over time and if you like your blog a fair income flowing even if you can make more money, update your blog. There are several ways to create an online blog. You may WordPress, Blogger or other free site that hosts the blog for you, or alternatively...

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Wall Street edges higher in seesaw session (Reuters)

NEW YORK (Reuters) – Stocks edged higher on Friday on talk the European Central Bank could add liquidity to stabilize the region's banking system, but continued fears about a global recession kept markets choppy. Concerns about the sovereign debt crisis worsening in Europe have contributed to recent equity losses, with both the Dow and S&P off nearly 7 percent, and the Nasdaq down almost 6 percent this week. Earlier stocks seesawed between gains and losses on any indication from policymakers suggesting additional steps to support Europe's financial system. One such comment came from Ewald Nowotny, European Central Bank Governing Council member, who said it might be advisable for the ECB to add more liquidity into the banking system. "The European issue is pretty significant," said Nick...

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Williams raises questions on Fed's latest moves (Reuters)

CHICAGO (Reuters) – Just days after the Federal Reserve launched a new round of unconventional monetary policy easing, a top Fed official with a record of supporting such moves questioned how well they can boost the recovery. Large-scale bond purchases and pledges to keep short-term rates low for a set period like those the Fed has made are effective at lowering long-term borrowing costs, San Francisco Federal Reserve Bank President John Williams told the Swiss National Bank Research Conference on Friday. "Specifically, does lowering Treasury yields through large-scale asset purchases have the same effect on the economy as an equivalent movement in the federal funds rate?" Williams said in the speech calibrated to spark debate rather than provide answers. "To what extent is it the size or...

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Europe, under fire, seeks to get ahead of crisis (Reuters)

WASHINGTON (Reuters) – European policymakers showed signs they were preparing new steps to cope with the region's debt crisis even as talk of a possible Greek default gained pace on Friday. World stock markets, which had plunged to a 14-month low on fears the euro zone crisis was not under control, steadied after European Central Bank officials said they would use their firepower to help the banking system through the crisis. Finance ministers and central bankers from around the world, in Washington for semi-annual policy discussions, have turned up the heat on Europe to do more to prevent Greece's debt crisis from infecting the world economy. "They have six weeks to resolve this crisis," said British finance minister George Osborne. Euro zone leaders needed to have the situation under control...

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UBS board considers investment bank's fate (Reuters)

SINGAPORE/ZURICH (Reuters) – The board of UBS (UBSN.VX)(UBS.N) extended on Friday its meeting amid the glamour of Singapore's Grand Prix event to decide the future of its scandal-hit investment bank and CEO Oswald Gruebel, on whose watch it lost $2.3 billion in alleged rogue trading. Top executives at the Swiss bank, which has staggered from crisis to crisis over the past three years, are under pressure to downsize or fence off risky trading activities and protect its core business of managing private investors' wealth. "The meeting is not yet over. The board has only ended its meeting for the day," a UBS spokesman said. UBS's board meeting, one of four regular meetings per year, had originally been due to end on Friday ahead of the UBS-sponsored Singapore Formula One motor racing Grand...

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Mortgages at risk if U.S. flood program expires (Reuters)

NEW YORK (Reuters) – The federal program that insures homes against flood damage expires next Friday and is at risk of not being renewed, even as an early fall storm threatens to inundate much of the northeastern United States yet again. Industry executives say that if the National Flood Insurance Program lapses, it would become all but impossible to get a mortgage in flood zones across the country until the program is revived. Insurers and lobbyists are due to meet Friday to strategize on getting an extension passed by next week, though there is little optimism something would happen in time. The NFIP has 5.57 million policies in force nationwide, insuring $1.25 trillion in property, which would remain in place even if the program is not extended. Yet the program is also struggling with...

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