11/18 DailyFinance

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. DailyFinance The real prize in Google's AdMob buy: iPhone user data November 17, 2009 at 7:30 pm Filed under: Google , Apple, AT&T Boy, this mobile advertising scene is starting to get complicated. So Apple (AAPL) spoke to mobile online advertising company AdMob before the company's CEO Omar Hamoui inked its recent $750 million deal with Google (GOOG), Bloomberg and others have reported. This was unusual as Apple has typically steered well clear of advertising or of anything that required a serious sales force beyond its retail domain. A mobile advertising network requires both a salesforce but also its own marketing efforts and other assorted business functions currently not native to Apple. The AdMob purchase was a comfortable fit for Google, in all probability, because AdMob's vice president of engineering and top technical officer Kevin Scott is a Google alum (he served as senior engineering manager). Continue reading The real prize in Google's AdMob buy: iPhone user data The real prize in Google's AdMob buy: iPhone user data originally appeared on DailyFinance on Tue, 17 Nov 2009 19:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Rupert Murdoch is still hinting at a Google blockade November 17, 2009 at 7:00 pm Filed under: Google , News Corp. As I've written, it's all but inconceivable that News Corp. (NWS) will block Google (GOOG) from indexing the stories produced by its various online news outlets, but try telling Rupert Murdoch that. In an interview on his own Fox Business Network Tuesday, the owner of The Wall Street Journal and the New York Post continued to hint that he's willing to resort to the nuclear option unless Google starts cutting publishers in on the billions it's making off their content. "They have devised a brilliant search engine that scrapes all the material published in the world, and on the back of that they sell search, but they don't pay for the raw material," said Murdoch. "We have to do something about that." Continue reading Rupert Murdoch is still hinting at a Google blockade Rupert Murdoch is still hinting at a Google blockade originally appeared on DailyFinance on Tue, 17 Nov 2009 19:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Walking while talking on your cell phone could get you killed. iPod? No problem November 17, 2009 at 6:30 pm Filed under: Healthcare It usually happens like this. I'm walking across town while talking on my cell phone when I fail to notice the traffic light has changed. My foot leaves the curb and is about to step into the roadway when a hand -- belonging to a friend or sometimes a complete stranger -- jerks me out of the street back onto the sidewalk. Near death (or just injury that occurs when steel plows into flesh) averted, barely. I've been called absentminded, and this has happened, I'm embarrassed to admit, what, a dozen times? But now it seems I may have science on my side. Continue reading Walking while talking on your cell phone could get you killed. iPod? No problem Walking while talking on your cell phone could get you killed. iPod? No problem originally appeared on DailyFinance on Tue, 17 Nov 2009 18:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments E-publisher CEO heads back to the future, but her roadmap is blurry November 17, 2009 at 6:00 pm Filed under: Company News, People, Media Jane Friedman sounded bullish at a lunchtime lecture on Tuesday. Speaking about the state of her field, the CEO of Open Road Integrated Media said to members of New York University 's Master of Science Publishing Program: "This is the most exciting time for publishing. There are more books, more diverse formats, and more opportunities to serve customers in a whole new way." Friedman has reason to be excited. She made waves this year by launching an e-book publishing venture after departing mysteriously from HarperCollins, where she was CEO from 1997 to 2008. But the opening of her short keynote speech and the lengthy Q&A that followed underscored the nagging sense that, at least publicly, Open Road is more about buzz and less about specifics. Continue reading E-publisher CEO heads back to the future, but her roadmap is blurry E-publisher CEO heads back to the future, but her roadmap is blurry originally appeared on DailyFinance on Tue, 17 Nov 2009 18:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Detroit stadium or New York studio? The Silverdome sells for $583,000 November 17, 2009 at 5:30 pm Filed under: Company News, Technology, Investing, Ford Motor Co. The town of Pontiac, Michigan, a suburb of Detroit, sold the 80,300-seat Silverdome on Monday, along with 127 acres of nearby land. The massive stadium complex, which once hosted the Detroit Lions, the Detroit Pistons, and the Michigan Panthers, cost more than $55 million to build in 1975. Its selling price in 2009? $583,000. The Silverdome isn't just a stadium; it's a historical site. In addition to hosting two huge sports franchises, the Silverdome was also the site of the 1994 FIFA World Cup, the first World Cup ever to be played indoors. It held numerous Cherry Bowl games, the 1979 All-Star Game, and Superbowl XVI. It has hosted major cultural figures ranging from Michael Jackson to Elvis Presley, Led Zeppelin to Pope John Paul II. Continue reading Detroit stadium or New York studio? The Silverdome sells for $583,000 Detroit stadium or New York studio? The Silverdome sells for $583,000 originally appeared on DailyFinance on Tue, 17 Nov 2009 17:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Major indexes float to 13-month highs as commodity prices lift energy stocks November 17, 2009 at 5:00 pm Filed under: Investing, Home Depot, Target Corp. Major stock indexes managed to post modest gains Tuesday as higher commodity prices lifted energy and materials stocks. The advances were enough to push major stock indexes to new 13-month highs, though more stocks fell than rose at the New York Stock Exchange. The gains came after the market zigzagged for much of the day. A rebound in the dollar after three down days sapped investors' appetite for stocks. Higher oil prices lifted energy stocks, and trading volume remained light. Traders focused on retailers' earnings reports for insight into one of the market's biggest worries: how much consumers are spending. Continue reading Major indexes float to 13-month highs as commodity prices lift energy stocks Major indexes float to 13-month highs as commodity prices lift energy stocks originally appeared on DailyFinance on Tue, 17 Nov 2009 17:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments New breast cancer screening guidelines confuse women as experts disagree November 17, 2009 at 4:20 pm Filed under: Healthcare If the experts can't agree on guidelines for breast cancer screening, then how are women supposed to decide? At the end of the day, the new guidelines from the U.S. Preventive Services Task Force, a panel of independent experts, have left women quite confused. Several other expert sources, including the American Cancer Society, have criticized the new guidelines and disagree with them. To recap, here are the new guidelines (which do not apply to higher-risk women): Women between the ages of 40 and 49 should not be routinely screened. Women between the ages of 50 and 74 should be screened every two years. Screenings are unnecessary for women 75 and older. Women should not be taught how to perform breast self-examinations. There is no additional benefit to clinical breast examination by doctors, nor are there added benefits to digital mammography or magnetic resonance imaging over film mammography. Continue reading New breast cancer screening guidelines confuse women as experts disagree New breast cancer screening guidelines confuse women as experts disagree originally appeared on DailyFinance on Tue, 17 Nov 2009 16:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Should Americans brace themselves for European-style unemployment? November 17, 2009 at 4:00 pm Filed under: Economy It's no secret we're poised for the Mother of All Jobless Recoveries. Federal Reserve Chairman Ben Bernanke can't just spew that out, of course, but his remarks Monday -- and economists' estimates -- make the prognosis for the nation's unemployed morbidly grim. Unemployment is a lagging indicator, meaning it won't bounce back until well after the recovery is underway. But even then, the consensus is that joblessness will improve at a glacially slow pace -- so woe unto all of us if the consensus is wrong, and the outlook is even worse. Continue reading Should Americans brace themselves for European-style unemployment? Should Americans brace themselves for European-style unemployment? originally appeared on DailyFinance on Tue, 17 Nov 2009 16:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Wall Street job losses are surprisingly low, and firms eye record profits November 17, 2009 at 3:30 pm Main Street is reeling from mounting job losses and a grim outlook by Federal Reserve officials. Wall Street, on the other hand, may be enjoying a sharp rebound. On Tuesday, a report by New York State Comptroller Thomas DiNapoli forecast that the number of vanishing finance jobs may be far lower than anticipated. Job cuts may not exceed 35,000 -- close to losses following the relatively minor recession of 2001, and much lower than the 47,000 officials had forecast while preparing New York City's budget in June. A year ago, many had forecast job losses exceeding 80,000. Continue reading Wall Street job losses are surprisingly low, and firms eye record profits Wall Street job losses are surprisingly low, and firms eye record profits originally appeared on DailyFinance on Tue, 17 Nov 2009 15:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Target: 3Q profit beats the Street on clothing sales and credit November 17, 2009 at 2:30 pm Filed under: Company News, Economy, Earnings, Wal-Mart Stores, Target Corp. Shoppers are still tight with the buck, but they're starting to buy clothes again -- and they're using their store cards -- according to Target Corp. (TGT), which reported earnings that easily beat expectations. Target reported an 18.4% increase in profits for the third quarter over that period last year, even with a modest 1.4% increase in sales and a 1.6% drop in same-store sales. Net income of $436 million, or 58 cents per share, easily beat Wall Street's expectations of 50 cents per share. Continue reading Target: 3Q profit beats the Street on clothing sales and credit Target: 3Q profit beats the Street on clothing sales and credit originally appeared on DailyFinance on Tue, 17 Nov 2009 14:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Pay Czar Ken Feinberg: No change in the compensation crackdown November 17, 2009 at 2:15 pm Filed under: Economy, American International Group, INC., Bank of America, Citigroup Kenneth Feinberg, the federal government's so-called pay czar, today denied media speculation that he was considering backing away from his decisions to slash compensation for top Wall Street executives at companies that received bailout money. The Obama administration's special master for executive compensation has ruffled many feathers on Wall Street including American International Group (AIG). Its CEO, Robert Benmosche, has threatened to quit after being on the job for just three months because of pay restrictions Feinberg ordered. Others have claimed that the compensation guidelines will cause an exodus of top Wall Street talent to hedge funds and other companies not subject to government control. Continue reading Pay Czar Ken Feinberg: No change in the compensation crackdown Pay Czar Ken Feinberg: No change in the compensation crackdown originally appeared on DailyFinance on Tue, 17 Nov 2009 14:15:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments Bloomberg makes bold choice for new BusinessWeek editor in chief November 17, 2009 at 2:00 pm Filed under: People, Media In case it wasn't perfectly apparent that it's a new day at BusinessWeek, the magazine's new owner, Bloomberg LP, cleared things up Tuesday with its appointment of a new editor in chief. The job will go to Josh Tyrangiel, who, as deputy managing editor of Time, had been overseeing the newsweekly's fast-growing online presence. He replaces Stephen Adler, who resigned after McGraw Hill's sale of the title was announced. Tyrangiel represents fresh blood in more ways than one. At 37, he's younger than many of the longer-serving editors and writers on BusinessWeek's masthead (although it's not yet official which of those editors and writers will be sticking around). And his background is in general news and entertainment, not business, unlike others who were reported to be possibilities, such as former Fortune editor Eric Pooley and former Portfolio editor Joanne Lipman. Continue reading Bloomberg makes bold choice for new BusinessWeek editor in chief Bloomberg makes bold choice for new BusinessWeek editor in chief originally appeared on DailyFinance on Tue, 17 Nov 2009 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Market gurus returning to same risky 'alternatives' that blew up in meltdown November 17, 2009 at 1:30 pm Filed under: Investing Apparently undeterred by the second-most significant crash in the history of the U.S. stock market, the majority of institutional investors and financial advisors plan to increase their use of alternative investments despite their poor performance during last year's financial meltdown. A recent survey from independent research firm Morningstar and Barron's financial magazine indicates that instead of the market's meltdown leading to more conservative investor behavior, money managers and financial advisors are doubling down on some of the same investments that wiped out trillions of dollars and ruined many. "Both institutions and advisors continue to view alternative investments optimistically, despite their questionable performance, correlation, and liquidity during last year's global downturn," said Steve Deutsch, director of the pension, endowment, and foundation database at Morningstar. "Again this year, the majority of participants indicate that they plan to increase allocations to alternatives, but with greater scrutiny and due diligence given to those investments." Continue reading Market gurus returning to same risky 'alternatives' that blew up in meltdown Market gurus returning to same risky 'alternatives' that blew up in meltdown originally appeared on DailyFinance on Tue, 17 Nov 2009 13:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Turning dirty diapers into . . . bicycle helmets? November 17, 2009 at 1:00 pm Filed under: Energy, Technology, Green Consider the disposable diaper. It's part engineering marvel, a mechanism that takes one of the most foul side effects of parenthood and absorbs it into a small, manageable, plastic-wrapped package. But it's also part environmental catastrophe. The average baby makes nearly 6,000 diapers dirty before becoming bathroom-trained. Waste watchers estimate that 27.4 billion disposable diapers are discarded each year in the U.S., adding as much as 3.4 million tons to dumps annually. And that's not all. Each disposable diaper contains plastics and, in many cases, toxic chemical residues that show up in paper products, such as the chlorine used to make those diapers lily white. Continue reading Turning dirty diapers into . . . bicycle helmets? Turning dirty diapers into . . . bicycle helmets? originally appeared on DailyFinance on Tue, 17 Nov 2009 13:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Microsoft co-founder Paul Allen diagnosed with cancer November 17, 2009 at 12:30 pm Filed under: Company News, Technology, People, Microsoft Earlier this month, Microsoft (MSFT) co-founder Paul Allen was diagnosed with diffuse large B-cell lymphoma, a form of non-Hodgkins lymphoma. According to a memo sent to Allen's staff by his sister Jody, he has begun chemotherapy and is optimistic about his chances of beating the disease. This is not Allen's first experience with cancer: 26 years ago, he was diagnosed with Hodgkins Lymphoma. At the time, he was chief technical officer for Microsoft, which he founded in 1975 with high school friend Bill Gates. He left the software company to fight the disease, but ultimately decided not to return. While his $11.5 billion fortune, generated by his early investment in Microsoft, pales beside that of Gates, it has still been sufficient to land him the number 17 spot on the Forbes 400 list of wealthiest Americans. Continue reading Microsoft co-founder Paul Allen diagnosed with cancer Microsoft co-founder Paul Allen diagnosed with cancer originally appeared on DailyFinance on Tue, 17 Nov 2009 12:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Why Warren wants Walmart November 17, 2009 at 12:00 pm Filed under: Company News, Investing, Berkshire Hathaway, Wal-Mart Stores Warren Buffett is doubling up on Wal-Mart Stores Inc. (WMT) stock. Why does Warren want Walmart? Obviously, he thinks the price will go up from the $49.81 at which I estimate he bought the shares. But the stock is not cheap -- unless Warren has a better yardstick for measuring Walmart's future earnings growth. How much Walmart stock does Buffett own? CNNMoney reports that his investing company, Berkshire Hathaway (BRK.A), boosted its stake by 90% from 19.9 million in the second quarter to 37.8 million shares in the third quarter. I don't know precisely what price he paid for the 17.9 million additional shares he bought , but Walmart's stock ranged between $47.73 and $51.88 in the third quarter, so let's guess his average cost was halfway in between: $49.81. Continue reading Why Warren wants Walmart Why Warren wants Walmart originally appeared on DailyFinance on Tue, 17 Nov 2009 12:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Home Depot beats expectations in 3Q, but keeps its sights low for now November 17, 2009 at 11:40 am Filed under: Company News, Earnings, Home Depot, Lowe's Companies, Inc It looks like the weak housing market will keep hammering home improvement retailers for a while. Even while reporting earnings that beat Wall Street's expectations, Home Depot (HD) warned that it sees no short-term improvement in the housing market to boost its sales in the near future. The largest home improvement retailer reported net income in the third quarter dropped 8.9% below the same time last year to $689 million, or 41 cents per share, which beat Wall Street's estimate by a nickel. Sales were down 8% and comparable sales were down 6.9%, led by a 7.1% drop in U.S. stores. Continue reading Home Depot beats expectations in 3Q, but keeps its sights low for now Home Depot beats expectations in 3Q, but keeps its sights low for now originally appeared on DailyFinance on Tue, 17 Nov 2009 11:40:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments October producer prices rise 0.3% on higher energy, food costs November 17, 2009 at 11:20 am Filed under: Economy Inflation remained nearly inert at the wholesale level, as producer prices rose just 0.3% in October, the U.S. Labor Department announced Tuesday, with rising food and energy prices offsetting a sharp decline in other items. Excluding the often-volatile food and energy component, producer prices fell -0.6% in October. The consensus from the Bloomberg News survey of economists had been that producer prices would increase 0.5% in October; they fell 0.6% in September. Economists also had expected the core rate to rise 0.1% in October after decreasing 0.1% in September. Continue reading October producer prices rise 0.3% on higher energy, food costs October producer prices rise 0.3% on higher energy, food costs originally appeared on DailyFinance on Tue, 17 Nov 2009 11:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments It's all gravy: Cost of Thanksgiving meal sees biggest drop since 2000 November 17, 2009 at 11:00 am Filed under: Economy, Media People cooking up a traditional Thanksgiving feast can be thankful it won't be as expensive as it was last year. The price of making a traditional Thanksgiving meal -- turkey, stuffing, cranberries, pumpkin pie and all the trimmings -- will drop 4% this year, according to the American Farm Bureau Federation. That's the biggest decline since 2000, says Bloomberg News. The average cost of this year's feast for 10 is $42.91, a $1.70 decline from last year's average of $44.61, according to the federation's 24th annual informal price survey of classic Thanksgiving items. Prices are nearly at their 2007 level of $42.26. The survey was done by volunteer shoppers. Continue reading It's all gravy: Cost of Thanksgiving meal sees biggest drop since 2000 It's all gravy: Cost of Thanksgiving meal sees biggest drop since 2000 originally appeared on DailyFinance on Tue, 17 Nov 2009 11:00:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments Industrial production inches up in October November 17, 2009 at 10:40 am Filed under: Economy The recovery in the industrial sector continues, albeit at a mild pace, as output at U.S. factories, mines, and utilities rose just 0.1% in October, following a 0.7% rise in September, the U.S. Federal Reserve announced Tuesday. Further, most sectors registered declines in October, with the utilities sector output helping to tip the scale by rising 1.6%. Meanwhile, the factory utilization rate, also known as capacity utilization, rose to 70.7% in October from 70.5% in September. The capacity utilization rate is still 10.2 percentage points below its average for 1972-2008, the Fed said. Continue reading Industrial production inches up in October Industrial production inches up in October originally appeared on DailyFinance on Tue, 17 Nov 2009 10:40:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments New TARP revelations: AIG bailout mishandled, shaky banks got loans too November 17, 2009 at 10:20 am Filed under: Economy, Goldman Sachs , Bank of America While less than two weeks ago, the Congressional Oversight Panel said that it had found no "significant flaws in Treasury's implementation" of TARP bailout programs, on Tuesday, Special Inspector General Neil Barofsky (pictured) questioned why AIG counterparties were paid 100% of the values of their contracts, costing the U.S. taxpayers $62 billion, most of which may not get repaid. Also on Tuesday, the The Wall Street Journal analyzed enforcement actions filed by federal regulators and found that at least 27 troubled banks got TARP funds even though government officials knew they were in trouble. The Journal estimates this will result in another $5.1 billion in lost taxpayers' money. These two stories point to $67.1 billion in taxpayers money spent on troubled institutions that may never get paid back. Some consider the AIG payoffs to have been "backdoor bailouts." When you consider who got the AIG payoffs, you too may wonder why the government didn't negotiate discounts. Recipients included Goldman Sachs (GS), Merrill Lynch, Deutsche Bank (DB), UBS (UBS), Barclays (BCS) and Bank of America (BAC). Continue reading New TARP revelations: AIG bailout mishandled, shaky banks got loans too New TARP revelations: AIG bailout mishandled, shaky banks got loans too originally appeared on DailyFinance on Tue, 17 Nov 2009 10:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Swine flu vaccine: U.S. wouldn't have a shortage if it embraced enhanced version November 17, 2009 at 10:00 am Filed under: Healthcare, GlaxoSmithKline, Novartis The majority of Americans want to be vaccinated against swine flu, polls show. But unless you're in a high-risk group, such as expectant mothers, you may not get any vaccine anytime soon. In fact, the Centers for Disease Control and Prevention says the current tide of H1N1 influenza is likely to begin to ebb before the shortage of vaccine eases. Meanwhile, the toll from the virus keeps climbing, with deaths from H1N1 in the United States having likely reached 4,000, of which 540 are children. There are several reasons for the worrisome vaccine shortage. The federal government ordered enough vaccine to immunize nearly the entire nation. But deliveries have been slow, to name one big problem. Perhaps more frustrating to many on the front lines of fighting the virus is that the shortage would ease considerably if the U.S. simply embraced an enhanced version of the vaccine. But so far, U.S. regulatory authorities -- unlike their counterparts in Europe -- haven't taken the steps to make this happen. Continue reading Swine flu vaccine: U.S. wouldn't have a shortage if it embraced enhanced version Swine flu vaccine: U.S. wouldn't have a shortage if it embraced enhanced version originally appeared on DailyFinance on Tue, 17 Nov 2009 10:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Mortgage delinquencies in U.S. hit record high in third quarter November 17, 2009 at 9:30 am Filed under: Economy, People The nation's deep economic woes continue to hit U.S. homeowners hard as more of them fell behind on their mortgages in the third quarter, a report released Tuesday showed. The percentage of homeowners more than 60 days past due on their mortgage payments rose to a record 6.25% nationwide in the three months ending Sept. 30, according to credit-reporting firm TransUnion. The rise was the 11th straight quarterly increase in the number of households delinquent on mortgage payments, TransUnion said. Being two months behind is traditionally viewed as a precursor to foreclosure as homeowners by that time find it difficult to make up overdue payments. Year-over-year, the rate was up about 58%, from slightly less than 4%. Continue reading Mortgage delinquencies in U.S. hit record high in third quarter Mortgage delinquencies in U.S. hit record high in third quarter originally appeared on DailyFinance on Tue, 17 Nov 2009 09:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Stocks in the news: Home Depot, Target, Exxon Mobil November 17, 2009 at 9:00 am Filed under: Company News, Economy, Investing, Home Depot, Exxon Mobil, Berkshire Hathaway, Wal-Mart Stores, Target Corp., TJX, Time Warner, Saks, Palm, Travelers Home Depot (HD) said Tuesday that its third-quarter earnings fell 8.9% to $689 million, or 41 cents per share, as the housing and renovation markets remained weak. Revenue fell 8% to $16.36 billion. Same-store sales dropped 6.9%. Results beat estimates of 36 cents per share on revenue of $16.27 billion. The company also raised its full-year earnings outlook. Shares declined over 2% ahead of the bell. Applied Materials Inc. (AMAT) said Tuesday that it will buy Semitool Inc. (SMTL) for $11 a share in an all-cash tender offer. The aggregate purchase price is about $364 million. Semitool shares, which closed Monday 10% higher at $8.4, shot up 30% in premarket trading to $10.94 at last check. Lazard Ltd. (LAZ) announced Monday it has appointed Kenneth M. Jacobs, 51, as chairman of the board of directors and CEO, effective immediately. Jacobs replaces Bruce Wasserstein, who died on Oct. 14. Continue reading Stocks in the news: Home Depot, Target, Exxon Mobil Stocks in the news: Home Depot, Target, Exxon Mobil originally appeared on DailyFinance on Tue, 17 Nov 2009 09:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments YouTube offers TV news shows easier access to citizen journalists' videos November 17, 2009 at 8:40 am Filed under: Company News, Technology, Google YouTube, the video-sharing unit of Google (GOOG) has launched a new product called YouTube Direct. Its purpose, according to the site, is to offer "a new tool that allows media organizations to request, review and rebroadcast YouTube clips directly from YouTube users." The actual purpose of the Direct product is to help television outlets to get access to video collected by "citizen journalists." A local station in Cleveland, for example, could get clips of a fight at a Browns football game taken by someone siting in the stands. Continue reading YouTube offers TV news shows easier access to citizen journalists' videos YouTube offers TV news shows easier access to citizen journalists' videos originally appeared on DailyFinance on Tue, 17 Nov 2009 08:40:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Daily Blogwatch: Is Citigroup the new 'greatest trade ever'? November 17, 2009 at 8:10 am Filed under: Company News, Columns, Investing Is Citigroup (C), the new greatest trade ever? _____________ Warren Buffett shows pity on the average investor with his stock split. _____________ My favorite investor, Marc Faber, explains why currencies crash. _____________ Continue reading Daily Blogwatch: Is Citigroup the new 'greatest trade ever'? Daily Blogwatch: Is Citigroup the new 'greatest trade ever'? originally appeared on DailyFinance on Tue, 17 Nov 2009 08:10:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Stocks ready to retreat ahead of inflation data November 17, 2009 at 7:50 am Filed under: Economy, Investing U.S. stocks are poised for a lower start Tuesday morning following yet another strong rally on Monday. Several economic indicators will be in the spotlight today, including a key inflation gauge and a housing indicator. The housing market is further in focus with Home Depot's (HD) earnings release. More here: Before the bell: Futures edge lower ahead of inflation data Stocks ready to retreat ahead of inflation data originally appeared on DailyFinance on Tue, 17 Nov 2009 07:50:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Home Depot reports 8.9% profit drop in Q3, beats expectations November 17, 2009 at 7:20 am Filed under: Company News Home Depot Inc.'s third-quarter earnings fell 8.9 percent as the housing and renovation markets remained weak, the nation's largest home improvement retailer said Tuesday. The company also raised its full-year earnings outlook as the quarter's earnings topped expectations. CEO Frank Blake said the company has seen signs of stabilization in real estate and has added market share in the quarter. Continue reading Home Depot reports 8.9% profit drop in Q3, beats expectations Home Depot reports 8.9% profit drop in Q3, beats expectations originally appeared on DailyFinance on Tue, 17 Nov 2009 07:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Exclusive Hong Kong broadcast rights to English Premier League sends I-Cable shares soaring November 17, 2009 at 7:00 am Filed under: Economy, Investing Asian shares were mixed Tuesday with China's Shanghai Composite Index inching up 0.2% to 3,283. Major indexes in Hong Kong and Tokyo were down, with Japan's Nikkei losing 0.6% to end the day at 9,730 and Hong Kong's Hang Seng down 0.1% at 22,914. In Hong Kong, I-Cable Communications (ICABY) surged 21.2% after yesterday's announcement that it will become Hong Kong's exclusive broadcaster of England's Barclays Premier League soccer games. This means big business for I-Cable, which outbid competitor Now TV. The games have run on Now TV since 2007. Broadcasting the Premier League could translate into millions of dollars in advertising that will, no doubt, be directed at male viewers, who are prime consumers of sportswear, beer, electronics and other high-end products. Advertisers will surely be vying for spots, bringing hoards of cash into the network. Continue reading Exclusive Hong Kong broadcast rights to English Premier League sends I-Cable shares soaring Exclusive Hong Kong broadcast rights to English Premier League sends I-Cable shares soaring originally appeared on DailyFinance on Tue, 17 Nov 2009 07:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Did the NY Fed needlessly spend billions extra on AIG bailout? November 17, 2009 at 5:05 am Filed under: Company News, Goldman Sachs , American International Group, INC., Bank of America There are two sides to every story, and sometimes three, four or five. An audit by the Special Inspector General for the Troubled Asset Relief Program (TARP) claims that the Federal Reserve Bank of New York allowed banks to get 100% of the value of complicated financial instruments that they had insured with AIG (AIG). The transactions involved over $60 billion. The full report was issued today. The inspector general Neil M. Barofsky claims that the Fed "refused to use its considerable leverage" to force major banks to make concessions on the money they were owed as part of their relationships with AIG. Continue reading Did the NY Fed needlessly spend billions extra on AIG bailout? Did the NY Fed needlessly spend billions extra on AIG bailout? originally appeared on DailyFinance on Tue, 17 Nov 2009 05:05:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Lou Dobbs talks to O'Reilly about Obama, CNN and who shot at his wife November 16, 2009 at 9:15 pm Filed under: People, Media During his short segment on The O'Reilly Factor Monday night, recently deposed CNN news anchor Lou Dobbs parried Bill O'Reilly's attempts to goad him into disparaging the Obama administration, but shed little light on his future plans. Dobbs said that in "the last 90 days," Jonathan Klein, the head of CNN, had made it clear that his vision for the network did not include "advocacy journalism" -- or Dobbs, a 28-year CNN veteran. "Jon Klein and I talked about the issue of opinion itself and advocacy journalism and he wanted to take CNN in a different direction, and I tried to accommodate him." Dobbs, who graciously contented himself with $8 million to leave, also suggested that ideological opponents were responsible for an incident in which Dobbs's New Jersey mansion was fired upon. Continue reading Lou Dobbs talks to O'Reilly about Obama, CNN and who shot at his wife Lou Dobbs talks to O'Reilly about Obama, CNN and who shot at his wife originally appeared on DailyFinance on Mon, 16 Nov 2009 21:15:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   This email was sent to gatdemit001@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.