“Business Highlights - CNBC” plus 4 more |
- Business Highlights - CNBC
- Scott Business Association - The Daily Advertiser
- Business Cards - Gather.com
- Small-business loans key to jobs bill - Detroit Free Press
- The business list - Detroit Free Press
| Posted: 24 Jan 2010 06:10 AM PST Goldman earns record $4.79B in Q4, cuts bonus pool NEW YORK (AP) — Goldman Sachs Group Inc. responded to intense criticism of big Wall Street paychecks by putting less money into its bonus pool, a move that helped it earn a record $4.79 billion fourth-quarter profit. The big bank said Thursday it rewarded employees with $16.2 billion in salaries and bonuses for 2009. That's up 47 percent from the previous year but much lower than many expected. In all, compensation accounted for 36 percent of Goldman's $45.17 billion in 2009 revenue, the lowest annual ratio since the company went public in 1999. In 2008, Goldman set aside 48 percent of its revenue to pay employees. ___ Rise in jobless claims signals bump in recovery WASHINGTON (AP) — A surprising jump in first-time claims for unemployment aid sent a painful reminder Thursday that jobs remain scarce six months into the economic recovery. The surge in last week's claims deflated hopes among some analysts that the economy would produce a net gain in jobs in January and help fuel the recovery. A Labor Department analyst said much of the increase was due to holiday-season-related administrative backlogs at the state agencies that process the claims. Still, economists noted that that would mean claims in previous weeks had been artificially low. Those earlier declines had sparked optimism that layoffs were tapering and that employers would add a modest number of jobs in January. ___ Stocks slide as Obama calls for tougher bank rules NEW YORK (AP) — The stock market stumbled Thursday as President Barack Obama proposed an overhaul of the nation's banking system that could limit financial companies' ability to make huge profits on trading. The Dow Jones industrial average skidded 213 points to 10,389.88 after dropping 122 on Wednesday, giving the Dow its biggest two-day point drop since late March. The index has seen four straight triple-digit moves and the latest slide erased the Dow's gains for 2010. Bond prices rose as the stock market became more volatile. Obama said he would seek to limit the size and complexity of large financial companies so that a bank's collapse wouldn't endanger the overall financial system. Tightening the rules on risk-taking and trading at banks could hurt profits at those companies. ___ Obama steps up campaign against Wall Street banks WASHINGTON (AP) — President Barack Obama stepped up his campaign against Wall Street on Thursday with a far-reaching proposal for tougher regulation of the biggest banks. It was a stern, populist lecture from the president to Wall Street for what he perceives as its abandonment of Main Street. Obama said the government should have the power to limit the size and complexity of large financial institutions as well as their ability to make high-risk trades. He said it wasn't appropriate that banks have been able to run these trading operations with the protections afforded to regular banking services. ___ Toyota recalls 2.3M US vehicles to fix gas pedals NEW YORK (AP) — Toyota is recalling 2.3 million U.S. vehicles to correct sticking accelerator pedals, the latest in a string of quality problems that have bedeviled the Japanese automaker. The recall includes the 2009-2010 RAV4, the 2009-2010 Corolla, the 2009-2010 Matrix, the 2005-2010 Avalon, the 2007-2010 Camry, the 2010 Highlander, the 2007-2010 Tundra and the 2008-2010 Sequioia. Toyota Motor Corp. spokesman Brian Lyons says the recall is due to the vehicles' pedal mechanism becoming worn and, in some cases, stuck. The recall comes just months after Toyota issued a larger 4.2 million-vehicle recall because of pedals getting stuck due to insecure floor mats. ___ China declares crisis past, inflation a concern BEIJING (AP) — China declared it is over the global crisis and signaled a shift in focus to controlling inflation, sparking concern it could hamper growth and the country's contribution to a worldwide rebound. Economic growth accelerated to 10.7 percent in the final quarter of 2009, the government said Thursday, beating most forecasts and driving the full-year expansion to 8.7 percent. But inflation also picked up, driven by a jump in food costs amid a torrent of stimulus spending and bank lending. The strong numbers keep China on a course to replace Japan sometime later this year as the world's second-largest economy after the U.S. ___ State employment data show frustrated job-seekers WASHINGTON (AP) — Frustrated by the harshest job market in the country, 31,000 unemployed Michigan residents stopped looking for work last month. So did thousands in Oregon, Massachusetts and West Virginia. Layoffs struck government workers in Washington state and New Jersey. Retail hiring fell in Missouri, Minnesota and Massachusetts. Such trends have emerged in a dozen states that have released their employment data in advance of a federal report Friday on state joblessness. The data illustrate patterns visible nationwide but more pronounced in some areas. ___ Google rides rising online ad sales to big 4Q SAN FRANCISCO (AP) — Google Inc. revved up its fourth-quarter Internet advertising sales and approached $2 billion in quarterly profit for the first time, providing the strongest sign yet that Internet search leader has shaken off the recession's doldrums. The earnings announced Thursday topped analyst estimates, but revenue only matched forecasts. Investors evidently were hoping Google's revenue would accelerate even faster, and the company's shares nearly 5 percent in extended trading. Google earned $1.97 billion, or $6.13 per share, in the final three months of 2009. That was up dramatically from income of $382 million at the same time last year, when Google's earnings were deflated by charges to reflect the eroding value of some investments. ___ Oil tumbles as stock market stumbles NEW YORK (AP) — Oil prices dropped Thursday to the lowest level in a month after a government report showed the country continues to use less energy than last year, raising doubts about the strength of the fragile economic recovery. A proposal by President Barack Obama for tougher bank regulations also pulled the stock market sharply lower and left traders wondering how it would affect commodities markets. Goldman Sachs and other major banks have helped funnel billions of dollars of speculative money into oil and natural gas contracts during the past several years. Benchmark crude for March delivery fell $1.66 to settle at $76.08 a barrel on the New York Mercantile Exchange. The contract dropped as low as $75.66 earlier in the day, the lowest price since Dec. 23. ___ State employment data show frustrated job-seekers WASHINGTON (AP) — Frustrated by the harshest job market in the country, 31,000 unemployed Michigan residents stopped looking for work last month. So did thousands in Oregon, Massachusetts and West Virginia. Layoffs struck government workers in Washington state and New Jersey. Retail hiring fell in Missouri, Minnesota and Massachusetts. Such trends have emerged in a dozen states that have released their employment data in advance of a federal report Friday on state joblessness. The data illustrate patterns visible nationwide but more pronounced in some areas. The Dow fell 213.27, or 2 percent, to 10,389.88, its biggest point and percentage drop since Oct. 30. The broader Standard & Poor's 500 index fell 21.56, or 1.9 percent, to 1,116.48. The Nasdaq composite index fell 25.55, or 1.1 percent, to 2,265.70. Benchmark crude for March delivery fell $1.66 to settle at $76.08 a barrel on the New York Mercantile Exchange. In other Nymex trading in February contracts, heating oil lost 3.55 cents to settle at $1.9856 a gallon, while gasoline dropped 6.36 cents to settle at $1.9829 a gallon. Natural gas futures gained 11.9 cents to settle at $5.615 per 1,000 cubic feet. In London, Brent crude for March delivery lost $1.74 to settle at $74.58 a barrel on the ICE Futures exchange. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Scott Business Association - The Daily Advertiser Posted: 24 Jan 2010 07:36 AM PST Scott Business Association held its 14th annual ball and pageant from 7 p.m. to midnight Jan. 23 in the Fezzo's III in Scott. The theme of the ball was "An Evening Train Ride Through Scott." Reigning over the festivities were Earl Hebert, King Alexander XIV, and Cheryl Thibodeaux, Queen Olivia XIV. His majesty King Alexander XIV Earl Hebert is married to Mary Hebert, owner of Mary's Glamour Booth. They have one son, Rayn, and one grandson, Cody. Earl Hebert is the son of the late Theodore and Gladys Hebert. Earl is a 1971 graduate of Acadiana High School and a 1976 graduate of the University of Southwestern Louisiana. He has been employed by Superior Energy for the past 27 years. Earl is a member of the Woodmen's of the Worlds and an active member of the Acadiana High Band Booster Club. He has been a very active member of the Scott Business association for the past 14 years. Her majesty Olivia XIV Cheryl Thibodeuax is the wife of Mike Thibodeaux. Her parents are Joyce Meche and the late Newton Meche and the daughter-in-law of Lelia Thibodeaux and the late Joseph Thibodeaux. Cheryl is the mother of Lori Luneau and Dr. Garett Thibodeaux. Lori and her husband, Dusty Luneau, have two daughters, Lily and Blair Luneau. Garett and his wife, Meghan Preis, have 2-month old twins, Griffin and Madeline Thibodeaux. Cheryl and Mike are the owners of Joe's Tax Service in Scott. She has been working in the tax office for the past 10 years, since her father-in-law's retirement. Cheryl started her career with Guaranty Bank and was in banking for 21 years then moved on as controller and sales representative for Industrial Rubber Products in Carencro. In addition to working with Mike in the tax office, she now works as a bookkeeper for Reagan Energy Services. Cheryl is a charter member of the Krewe of Olympus and served on the Board holding the position of Secretary and also served as Ball Chairman. Cheryl is a graduate of Acadiana High School and received an associate's degree from USL, now UL. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Posted: 24 Jan 2010 05:34 AM PST Business cards tell 1,000,000 stories about its possessor as well as its publisher. It could make or break a deal. With this in mind, one ought to think about the card as something that is needed for a company's achievement. The competition out there is really stiff as the publishers and card holders battle to bring out the finest out of themselves. While you make up your mind to get a business card done, you need to remember that you want to show the best image that can be put on paper. These are some handy tips that you must understand before you go for business card printing : The Look : you need to go for a design that befits your company. For one, the printer ought to know and understand what your corporation is all about. It ought to tell about you before the potential customer reads through it. The color and shape must be within your company's field. As an example, a baker could give the card a cake like shape and get away with it. Portability : Business cards ought to be trouble-free to carry about and within the conventional size. If you're changing the shape too much, your clients might find it hard to put your card in the ordinary card holders. You need to keep in mind that you are doing a card that will help you hook up with clients and not one that you want to show your talent. Some of them are overly heavy to be carried around. If you want to tell much further about your business, it is great if you set up a website from where your clients could get it at a mouse click. Firm material : The sort of material you should use for the card must be durable and one that may stay alive in dissimilar conditions. If at all possible, you could waterproof it. Business cards are set aside as reminders by the potential clients. The longer it could last, the more it may be effective as a reminder, that means good business for you. Price : you need to understand that there are affordable business cards and you do not have to spend a massive amount anywhere. You may carry out a web research to see the offers that are there currently. There are some on the web companies that can offer you the kind of rates that you are able to afford. You need not go in person from one store to another. The Net can supply you all of the details you require. You could get business cards of your choosing and at a good rate which you are able to pay for. Once you put these elements into use, you'll get it right all of the way. This is the only possible way to make sure that you are showing the right image of your company. Let your business cards talk for you by going directly to the right printer. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Small-business loans key to jobs bill - Detroit Free Press Posted: 24 Jan 2010 07:36 AM PST William Dunkelberg, the NFIB's chief economist who oversees its surveys, said that although credit terms had tightened, small businesses were paring borrowing until the economy recovers. He did caution that national trends didn't necessarily apply to Michigan. "Michigan is a basket case, so it's got to be hard to get money in Michigan," said Dunkelberg, a University of Michigan alumnus. "The banks have a lot of losses, so they have less capital to support their lending." Community banks may see boostPeters wants to boost small-business lending by bolstering community banks in Michigan and other states with high unemployment. His proposal would shunt $40 billion from the $700-billion Wall Street bailout to community banks, those with less than $1 billion in deposits that account for a majority of small-business lending. Community banks would then have to match the government capital with $10 billion of new private equity and earmark the boost for small-business loans. The Obama administration's efforts, so far, have focused on boosting loans through the U.S. Small Business Administration. The administration has generated $16.5 billion in such loans this year, and Congress extended the program to add an additional $4.5 billion through March. But another program announced by Treasury officials in October to bolster capital available to community banks is expected to launch soon. Yet the SBA loans can't come close to replacing the pullback from private banks. Diane Swonk, chief economist at Mesirow Financial in Chicago, said there is a significant risk that banks could pull back even further and tighten credit more in the future in the face of rising defaults, foreclosures and concerns about commercial real estate troubles. Banks also could be further limited in how much credit they can provide, she said, depending on what types of fees or taxes are placed on the banks. "The credit situation is going to remain one of the biggest hurdles to 2010," Swonk said. Contact JUSTIN HYDE: 202-906-8204 or jhyde@freepress.com Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| The business list - Detroit Free Press Posted: 24 Jan 2010 05:20 AM PST Tuesday• Legal & Financial Basics for Small Business: Learn key legal and financial issues faced by businesses in Michigan. Presented by Carter & Affiliates from 9 a.m.-noon at the Oakland County Executive Office Building Conference Center, 2100 Pontiac Lake, Waterford. Free. 248-858-0783; oakgov.com/peds/calendar Wednesday• Keys to Successful Community Marketing: This 35-minute presentation outlines the marketing advantages of local businesses linking together to promote the community and their businesses. 8 a.m. Wed. at Oxford Village Hall, 22 W. Burdick, Oxford, and 3 p.m. Thu. at the Berkley Public Library, 3155 Coolidge, Berkley. www.communitymarketingassoc.com • Write a Successful Business Plan: Learn what is required for a business plan with examples and templates for the marketing, management and financial sections. 8:45 a.m.-noon at Southfield Public Library, 26300 Evergreen, Southfield. $45. 313-226-7947 • International Association of Business Communicators, Detroit chapter, spotlights Employee Communication in a Tough Economy: 8-9:30 a.m. at Madonna University, 36600 Schoolcraft, Livonia. $10 for members; $20 for nonmembers. 248-546-5490 Thursday• Fundamentals of Marketing Your Business: Learn techniques and marketing principles to help promote your products and services. 9 a.m.-noon at the Oakland County Executive Office Building Conference Center, 2100 Pontiac Lake, Waterford. $40. 248-858-0783; oakgov.com/peds/calendar • Effective Strategies to Increase Your Law Firm's Bottom Line: This workshop is designed to help create quality referrals and use Web strategies effectively to gain more business, 8:30 a.m.-noon at Automation Alley, 2675 Bellingham Dr., Troy. $25.www.eventbrite.com/event/386346573 Contact business@freepress.com. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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