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| Google Chrome for the Mac goes live: Will Apple cave on iPhone access? December 8, 2009 at 7:35 pm |
| Google (GOOG) finally launched its Chrome browser for Apple computers (AAPL), rolling out a beta version on Wednesday. I tried it. Chrome is really, really fast. Thus far, you can't use extensions -- programs that extend a browser's functionality -- which means I can't truly pass judgment on Chrome. But the mere presence of Chrome on Macs is likely a sore spot for Apple team, which has been engaged in an increasingly public battle with Google over control of the future of the mobile Internet. The browser still matters because it remains the key entry portal for the vast majority of Internet usage. This will be even more important as Web-based applications for word processing, spreadsheets and other tasks seamlessly mesh with offline traditional software products. But Chrome on the Web matters less than Chrome on the phone. And on the iPhone, in particular.Continue reading Google Chrome for the Mac goes live: Will Apple cave on iPhone access? Google Chrome for the Mac goes live: Will Apple cave on iPhone access? originally appeared on DailyFinance on Tue, 08 Dec 2009 19:35:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| M*A*S*H's 'Trapper John' makes his mark as an investor December 8, 2009 at 5:30 pm |
| Filed under: Economy, People, Investing, Media On M*A*S*H, Wayne Rogers played Trapper John McIntyre, second banana to Alan Alda's Hawkeye Pierce. But when it comes to money management, Rogers has long since established himself as the show's top alumni. While his former colleagues Gary Berghoff (Radar O'Reilly), Mike Farrell (BJ Hunnicut) and William Christopher (Father Mulcahy) have, respectively, moved on to second acts as an inventor, a political activist and a spokesperson for autism awareness, Rogers has emerged as a brilliant investor and business owner. In addition to his chairmanship of Kleinfeld Bridal, a world-renowned bridal store, he is CEO of a chain of convenience stores, principal owner of a Mississippi barge line, and is on the board of directors of Vishay Intertechnology (VSH), which was on Forbes' 2007 list of the top 100 mid-cap stocks. His next venture, he tells the San Francisco Chronicle, will be to focus his investments on depressed real estate and failed banks.Continue reading M*A*S*H's 'Trapper John' makes his mark as an investor M*A*S*H's 'Trapper John' makes his mark as an investor originally appeared on DailyFinance on Tue, 08 Dec 2009 17:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Top publishers link arms in e-reader push December 8, 2009 at 4:45 pm |
| Filed under: Technology, Media, Time Warner, News Corp. An existential crisis, like politics, makes for strange bedfellows. So it is that five media companies that spend most of their time in bitter competition with one another are now joining forces in a new venture intended to midwife the arrival of portable digital magazines and newspapers on a mass scale. So new is this venture, it doesn't yet have a name or an executive team. What it does have is five owners who collectively represent most of the magazines and a goodly segment of the newspapers Americans read: News Corp. (NWS), Time Warner (TWX), Hearst, Conde Nast and Meredith (MDP). Marshaling so much muscle might seem like overkill, but it's in keeping with the scale of the challenge, John Squires, who's serving as managing director until a CEO can be chosen, tells DailyFinance. "It's a huge undertaking, both technically and from a creative standpoint," he says.Continue reading Top publishers link arms in e-reader push Top publishers link arms in e-reader push originally appeared on DailyFinance on Tue, 08 Dec 2009 16:45:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Downgrades, bad reports, rising dollar push stocks down December 8, 2009 at 4:35 pm |
| Filed under: Investing, Earnings, McDonald's, 3M, Federal Express Stocks fell Tuesday as worries about several world economies sent investors running to the safety of the U.S. dollar and Treasuries. Disappointing reports from key U.S. companies 3M Co. (MMM) and McDonald's (MCD) also increased fears that companies will be hard pressed to produce real profits next year as the economic recovery limps along. The Dow Jones industrial average ($INDU) fell 104 points, or 1%, to 10,285. The Standard & Poor's 500 index ($INX) fell 11 points, or 1%, to 1,091. The the Nasdaq ($COMPX) composite index fell 16.6 points, or 0.76%, to 2,173. The Dow was down as much as 140 points in morning trading.Continue reading Downgrades, bad reports, rising dollar push stocks down Downgrades, bad reports, rising dollar push stocks down originally appeared on DailyFinance on Tue, 08 Dec 2009 16:35:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| How much for the air? As much as half of food packaging is empty space December 8, 2009 at 4:20 pm |
| Filed under: Company News, Media, Pepsico Food manufacturers, like the politicians currently debating health reform, may have a solution to the obesity crisis: Feed Americans a lot of hot air. But this heated air is not just a figure of speech for packaged goods companies including Ralcorp Holdings' (RAH) Post Foods and PepsiCo (PEP) subsidiaries Frito-Lay and Quaker. In many packaged products, as much as 50% of the contents is just empty space, an investigation by Consumer Reports reveals. And we consumers are buying that nothingness every day.Continue reading How much for the air? As much as half of food packaging is empty space How much for the air? As much as half of food packaging is empty space originally appeared on DailyFinance on Tue, 08 Dec 2009 16:20:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments |
| Don't count on central banks to fuel the gold rush. Ask South Korea December 8, 2009 at 3:30 pm |
| Filed under: Economy, Investing Gold bugs readily cite plenty of reasons why they think the precious metal's price will keep climbing. One argument gaining prominence lately is that the world's central banks will rush into gold, pushing the price ever-higher. But apparently the central bankers haven't gotten the memo. On Tuesday, the Bank of Korea -- the world's sixth-largest central bank -- became the latest one to pour cold water on the notion that it would buy gold to diversify out of the dollar. "There's an illusion in gold," Lee Eung Baek, the head of the bank's reserve-management department, told Bloomberg News in an interview. "We follow the big trend. Gold isn't the trend. Out of more than 200 nations, how many countries have bought bullion?"Continue reading Don't count on central banks to fuel the gold rush. Ask South Korea Don't count on central banks to fuel the gold rush. Ask South Korea originally appeared on DailyFinance on Tue, 08 Dec 2009 15:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Green Mountain brews a winning deal for Diedrich Coffee December 8, 2009 at 3:15 pm |
| Filed under: Company News The battle for Diedrich Coffee (DDRX) is over. It ended Tuesday morning after Green Mountain Coffee (GMCR) beat out Peet's Coffee and Tea (PEET) with a $290 million takeover bid. Diedrich, which makes single-serving cups of ground coffee for home or office percolation, saw its stock explode this year. Green Mountain, manufacturer of the Keurig coffeemakers in which Diedrich's cups are designed to brew, outlasted Peet's, which opened the bidding with a $216 million offer on Nov. 3.Continue reading Green Mountain brews a winning deal for Diedrich Coffee Green Mountain brews a winning deal for Diedrich Coffee originally appeared on DailyFinance on Tue, 08 Dec 2009 15:15:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| New drug is good news for cancer patients, but not for its maker's stock December 8, 2009 at 2:00 pm |
| Filed under: Company News, Healthcare, Johnson & Johnson New Jersey-based drug company Celgene (CELG) on Monday reported highly anticipated data for Revlimid, its multiple myeloma cancer pill. And it didn't disappoint: at the annual American Society of Hematology meeting, Celgene showed that Revlimid reduced the risk of progression by 50% among newly diagnosed patients who used the drug and chemotherapy, followed by maintenance therapy, compared with those who only used chemotherapy. Patients who used Revlimid longer saw a 75% risk reduction, and 92% were alive after one year.Continue reading New drug is good news for cancer patients, but not for its maker's stock New drug is good news for cancer patients, but not for its maker's stock originally appeared on DailyFinance on Tue, 08 Dec 2009 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Climate change: Warmest decade on record excites activists, actuaries December 8, 2009 at 1:40 pm |
| Filed under: Green Looks like that Climategate thing is about to kick into high gear again. Refuting the claims of global-warning critics, the World Meteorological Organization today released findings showing that the past decade was the hottest recorded in the 150 years that scientists have collected global temperature records (year-to-year temperature fluctuations notwithstanding). Both sides of the climate-change debate have already seized upon the report as conclusive evidence that carbon emissions are either causing global warming or proof of scientific chicanery gobbled up by the mainstream media.Continue reading Climate change: Warmest decade on record excites activists, actuaries Climate change: Warmest decade on record excites activists, actuaries originally appeared on DailyFinance on Tue, 08 Dec 2009 13:40:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Will a rising dollar crimp corporate profits and slam stocks? December 8, 2009 at 1:20 pm |
| Filed under: Economy, IBM, McDonald's It's often been said that a weak dollar is good for corporate profits. That means that a rising dollar -- spurred by U.S. job creation and rising interest rates -- could hurt corporate profits and slam stock prices. How so? A weak dollar is good for corporate profits if a company makes its products in the U.S. and sells them in other countries where the dollar has been steadily weakening. That's because the weak dollar translates into a relatively cheap price for customers outside the U.S. Continue reading Will a rising dollar crimp corporate profits and slam stocks? Will a rising dollar crimp corporate profits and slam stocks? originally appeared on DailyFinance on Tue, 08 Dec 2009 13:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| The 'catastrophe bond' market is heading to a surprisingly healthy 2009 December 8, 2009 at 1:00 pm |
| Filed under: Company News, Investing, Goldman Sachs , Marsh & McLennan Cos., American International Group, INC. In an odd twist of logic, it's looking like a good year to be in the catastrophe business. The business of insuring against catastrophes, that is. Industry insiders now expect that catastrophe bond activity will pass the $3 billion mark for 2009, which didn't really seem possible just did six months ago. Four more of these risk-transfer transactions are likely to be completed this month, Reuters reports, which would comfortably push the total to that mark. This comes after the market was bolstered by 2008 deals that were deferred to 2009 and a second quarter that was slower than usual. Continue reading The 'catastrophe bond' market is heading to a surprisingly healthy 2009 The 'catastrophe bond' market is heading to a surprisingly healthy 2009 originally appeared on DailyFinance on Tue, 08 Dec 2009 13:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Obama calls for small business tax breaks to boost job growth December 8, 2009 at 12:50 pm |
| Filed under: Economy The federal government should give tax breaks to small businesses in order to hasten job creation, President Barack Obama said Tuesday as part of his latest plan to fight stubbornly high unemployment. The president also called for further spending on infrastructure and investments in energy efficiency. Just don't call it a stimulus plan. With unemployment at nearly a three-decade high and expected to remain elevated for at least another year, Obama unveiled the administration's latest ideas to boost hiring, the centerpiece of which is tax breaks for small businesses. Capital-gains taxes on new investments made by small businesses would be cut to zero for a year. Small businesses would also get a yet-to-be-determined tax break to spur them to hire more workers.Continue reading Obama calls for small business tax breaks to boost job growth Obama calls for small business tax breaks to boost job growth originally appeared on DailyFinance on Tue, 08 Dec 2009 12:50:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Dan Solin: The lowdown on annuities December 8, 2009 at 12:30 pm |
| Filed under: Retirement, Columns, Investing There are many different kinds of annuities. I am going to describe the two most popular ones: deferred variable annuities and equity-indexed annuities -- and one that isn't popular but should be: fixed immediate annuities. Deferred Variable Annuities With deferred variable annuities, you pay the insurance company a lump sum. Your money is invested based upon your selection of the investment options provided by the insurance company. The invested funds grow tax-deferred until you start taking distributions. You cannot access your funds without a tax penalty before the age of 59½ . Sales people gush about the "death benefit," which is guaranteed to be at least the total of the amount contributed, less any withdrawals. However, these are long-term investments. It is highly unlikely that when the insured dies, the account will be underwater. Continue reading Dan Solin: The lowdown on annuities Dan Solin: The lowdown on annuities originally appeared on DailyFinance on Tue, 08 Dec 2009 12:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Moody's keeps the Aaa rating pressure on the U.S. and U.K. December 8, 2009 at 11:30 am |
| Filed under: Economy, Investing As debt mounts in both the U.S. and U.K., the drums are getting a bit louder at Moody's. The credit rating agency is warning both countries to get their debt under control. Yet only under the most pessimistic scenario does the agency think the U.S. could possibly lose its top rating by 2013. In its latest report, Moody's looks at the 17 countries with its highest Aaa rating and lets those on the edge know that improvement in debt management should start in the next two years.Continue reading Moody's keeps the Aaa rating pressure on the U.S. and U.K. Moody's keeps the Aaa rating pressure on the U.S. and U.K. originally appeared on DailyFinance on Tue, 08 Dec 2009 11:30:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments |
| Amgen's stock buyback plan could boost shares December 8, 2009 at 11:15 am |
| Filed under: Company News, Stock Picks Amgen (AMGN) said on Monday its board of directors had authorized repurchases of up to $5 billion in company common stock. That's on top of the approximately $1.2 billion remaining under its previous stock buyback plan. This new authorization, Amgen said in a statement, reflects its confidence in its long-term prospects. Well, at least someone has confidence. Amgen has been hit with several problems recently, not the least of which are the declining sales of its blockbuster anemia drugs Aranesp and Epogen due to safety concerns. Meanwhile, two investigational drugs Amgen has pinned its hope on have met with study results and / or regulatory setbacks. To top it all off, Amgen is the subject of a lawsuit from 15 states regarding kickback schemes. Continue reading Amgen's stock buyback plan could boost shares Amgen's stock buyback plan could boost shares originally appeared on DailyFinance on Tue, 08 Dec 2009 11:15:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Will RIM's BlackBerry do better than Apple's iPhone in China? December 8, 2009 at 10:15 am |
| Filed under: Technology, Research In Motion, Apple, China Mobile Research in Motion (RIMM) sealed a distribution deal for its BlackBerry in China in a partnership with Legend, the owner of Lenovo, on December 7. A day later, the handset company said it had another distribution deal with China Mobile (CHL), the largest cellular carrier in China. The new initiative will be aimed at consumers and small businesses. Bigger companies have been offering BlackBerries for two years. There is reason to curb enthusiasm about the RIM announcement, even though China has over 600 million cellular subscribers, more than twice as many as there are in the US. And market penetration is low enough in the nation of almost 1.4 million people that the cellular phone business is still a growth industry. Continue reading Will RIM's BlackBerry do better than Apple's iPhone in China? Will RIM's BlackBerry do better than Apple's iPhone in China? originally appeared on DailyFinance on Tue, 08 Dec 2009 10:15:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Is FedEx's good news a sign the economy has turned? December 8, 2009 at 9:30 am |
| Filed under: Economy FedEx Corp. (FDX), which in the last eight months has laid off workers and raised rates, boosted its guidance Tuesday for its fiscal second quarter profit. The move underscores a growing optimism that the economy is improving, albeit at a painfully slow pace. The Memphis-based shipper expects to report earnings of $1.10 per share for the second quarter ended November 30, down 30% from $1.58 per share a year ago. The company's previous guidance for the quarter was 65 cents to 95 cents per share. FedEx's results surpassed the 86-cent average of analysts compiled by Bloomberg. Final earnings are scheduled to be issued December 17.Continue reading Is FedEx's good news a sign the economy has turned? Is FedEx's good news a sign the economy has turned? originally appeared on DailyFinance on Tue, 08 Dec 2009 09:30:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments |
| Two bullish reports see stocks and dividends rising in 2010 December 8, 2009 at 9:15 am |
| Filed under: Economy, Investing Goldman Sachs (GS) strategists predict the S&P 500 rally will continue in 2010 with a further increase of 13%, hitting a top of 1,250. S&P analysts also see better times coming: They predict that total dividend payouts from S&P 500 companies will rise by at least 6.1% and in the most optimistic scenario could go up by as much as 8.9%. Both predictions will be welcome to those who missed the 63% rally in the S&P 500 since March 9 because at least there would still be a wave to catch. Most of the rally was spurred by about $12 trillion in spending by governments worldwide. And as interest rates remain low and corporate revenue grows, more investors are turning back to stocks.Continue reading Two bullish reports see stocks and dividends rising in 2010 Two bullish reports see stocks and dividends rising in 2010 originally appeared on DailyFinance on Tue, 08 Dec 2009 09:15:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments |
| Stocks in the news: FedEx, Kroger, 3M, McDonald's December 8, 2009 at 9:00 am |
| Filed under: Company News, Investing FedEx (FDX) lifted its earnings guidance due to improved activity. It boosted its profit target to $1.10 a share from its previous estimate of 65 cents to 95 cents a share. The new guidance is well ahead of the Wall Street estimate of 85 cents a share in a survey of analyst by FactSet Research. Shares jumped nearly 2.5% in pre-market trading. The Kroger Co. (KR) says it lost $875 million in its third quarter due to tough price competition and the struggling California economy. Kroger also cut its profit and sales forecast for the full year. Without a write-down, profit would have been $176.7 million, or 27 cents, far below analyst estimates of earnings of 36 cents a share. Shares sank 9% ahead of the bell.Continue reading Stocks in the news: FedEx, Kroger, 3M, McDonald's Stocks in the news: FedEx, Kroger, 3M, McDonald's originally appeared on DailyFinance on Tue, 08 Dec 2009 09:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
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| TCW Investors Plan Redemptions December 8, 2009 at 3:26 pm |
| Two clients plan to pull money from the bond-fund outfit as 14 more staffers leave in the wake of the departure of its star manager Jeffrey Gundlach | | | | |