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| We're expanding our Twitter presence -- follow our new daily offerings
November 30, 2009 at 8:30 pm
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| Filed under: Technology, Investing, Media, Green  With the rise of real-time information, more and more news outlets are turning to Twitter. Naturally, it's hard to ignore a burgeoning service that next year could have 18 million active users, sending out and reading tens of billions of tweets per year. These outlets use Twitter to broadcast new article postings, primarily. That's what DailyFinance has been doing to so far.
Other news outlets also use Twitter to provide a broader running commentary on events of the day and to point to trends, articles and conversations they believe are of interest to their audience. In addition, individual journalists and some news organizations use Twitter to communicate directly with readers and to locate sources for stories. At DailyFinance, we're expanding our Twitter use to include regular running commentary with the near-term goal of engaging more readers directly and turning Twitter into a true two-way channel for the site.Continue reading We're expanding our Twitter presence -- follow our new daily offerings We're expanding our Twitter presence -- follow our new daily offerings originally appeared on DailyFinance on Mon, 30 Nov 2009 20:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Comcast-NBC deal moves closer after GE to buy Vivendi's NBC stake for $5.8B
November 30, 2009 at 8:10 pm
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| Filed under: Media, General Electric , Comcast  General Electric (GE), the massive industrial conglomerate that owns 80% of NBC Universal, has finally reached a deal to buy the remaining 20% from French media giant Vivendi for $5.8 billion, according to multiple reports. GE's agreement with Vivendi paves the way for the No. 1 U.S. cable company Comcast (CMSCA) to buy a controlling stake in NBC Universal from GE, creating a content and distribution powerhouse and remaking the media and entertainment landscape. GE and Comcast, which have been negotiating the deal for weeks, had been waiting for Vivendi to agree on a price for its stake.
Comcast, which provides cable and broadband service to one-quarter of American households in 39 states, is now one step closer to its long lusted-after unification of a high-quality content factory with a vast distribution network.Continue reading Comcast-NBC deal moves closer after GE to buy Vivendi's NBC stake for $5.8B Comcast-NBC deal moves closer after GE to buy Vivendi's NBC stake for $5.8B originally appeared on DailyFinance on Mon, 30 Nov 2009 20:10:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Leaked document says EU fears Obama backs 'three strikes' for Net pirates
November 30, 2009 at 8:00 pm
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| Filed under: Economy, Media  Controversy over the secret global agreement on copyrights and counterfeiting being pushed by the United States erupted Monday after a leaked European Union document emerged suggesting the U.S. is pushing other nations to adopt a draconian global uniform policy. If established, the treaty could involve re-writing the law in many countries -- including the U.S. -- to include a "three strikes" policy similar to one recently passed in France, as well as possibly even jail time -- yes, jail time -- for Internet pirates.
President Barack Obama used an executive order last spring to keep the negotiations secret on "national security" grounds, but for the last several weeks, the Anti-Counterfeiting Trade Agreement, as it's called, has elicited growing cries of alarm.Continue reading Leaked document says EU fears Obama backs 'three strikes' for Net pirates Leaked document says EU fears Obama backs 'three strikes' for Net pirates originally appeared on DailyFinance on Mon, 30 Nov 2009 20:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Why the loss of big-name advertisers doesn't matter to Glenn Beck
November 30, 2009 at 7:00 pm
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| Filed under: Company News, Media, News Corp.  If cable news was like high school, Glenn Beck would be voted "Most Polarizing." He's despised by liberals and beloved by conservatives (and anyone who loves weepy men). But like that high school geek who astounded the more popular kids when he went on to make a fortune, Beck has shocked onlookers by managing to cement his role in the Fox News line-up even though he caused many of the show's top advertisers to flee. His offense: describing President Obama as "racist."
On a broadcast of Fox & Friends in July, Beck interjected during a discussion of the Professor Henry Louis Gates Jr. affair to add this about Obama: "I'm not saying he doesn't like white people, I'm saying he has a problem. This guy is, I believe, a racist." The result? Major advertisers fled his show, including top-end marketers such as Mercedes-Benz USA and Infiniti, according to Gawker.Continue reading Why the loss of big-name advertisers doesn't matter to Glenn Beck Why the loss of big-name advertisers doesn't matter to Glenn Beck originally appeared on DailyFinance on Mon, 30 Nov 2009 19:00:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments |
| Japanese cell-phone giant plans emissions-tracking network
November 30, 2009 at 6:00 pm
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| Filed under: Energy, Technology, AT&T, Verizon, Green  The largest Japanese cell-phone company, NTT DOCOMO, unveiled plans to piggyback an emissions-tracking network on top of its existing large network of cell-phone towers. This is a very, very smart move. Why? It points the way to both accessing a new economic opportunity for DOCOMO and addressing a key fast-growing market and leveraging existing assets that are hard to replicate -- those tall towers and cell sites, located in dense urban areas and near industrial parks.
The network will launch on December 21 with environmental sensors in 300 locations near Tokyo and the bordering Shizuoka Prefecture. Should the trial run succeed, the network will expand to 2,500 locations around Japan by early 2011, with future possibilities for expansion into a 9,000 location ecogrid. The network will initially offer information on pollen levels in the air and will later offer data on carbon dioxide, ultraviolet rays, and other air-quality or atmospheric conditions.Continue reading Japanese cell-phone giant plans emissions-tracking network Japanese cell-phone giant plans emissions-tracking network originally appeared on DailyFinance on Mon, 30 Nov 2009 18:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Tiger Woods: As the media storm builds, what will happen to his endorsements?
November 30, 2009 at 5:30 pm
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| Filed under: People, Media, Pepsico, General Motors, Procter & Gamble  As stories of Tiger Woods' alleged marital discord, alleged infidelity and alleged abuse at the hands of his wife fill the news, an obvious question is how this crisis will affect his lucrative endorsement career. After all, Forbes recently minted him as the first billion dollar athlete, and almost $800 million of his earnings have come from lucrative endorsements with companies that include Nike (NKE), Gillette (PG), and Gatorade (PEP).
In response to requests for comment, spokespeople from Gatorade and Nike both reaffirmed their support for Woods. Although representatives from his other companies were unavailable for comment, Accenture (ACN) continues to feature him prominently on its site, while Buick (GRM), whose Rendezvous SUV Woods represented from 2002 to 2009, reported that he is no longer associated with the company. When asked if the carmaker was upset by the fact that the golf player was driving a Cadillac Escalade at the time of his accident, representatives issued a firm "no comment."Continue reading Tiger Woods: As the media storm builds, what will happen to his endorsements? Tiger Woods: As the media storm builds, what will happen to his endorsements? originally appeared on DailyFinance on Mon, 30 Nov 2009 17:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| As growth surges, should investors bet on India?
November 30, 2009 at 5:10 pm
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| Filed under: Economy, Investing, ETF  As India's economy picks up steam, investors looking for fast growth but wary of lax government policies should take a close look. India could be poised to make headway for years to come.
On Monday, the Indian government reported that the country's GDP expanded at 7.9% year-over-year in the quarter ending in September, a sharp pickup from the 6.1% gain in the prior quarter. The growth easily beat analyst estimates of a 6.3% gain and led to a strong rally on Mumbai's benchmark Sensex index on an otherwise rough day for global markets.Continue reading As growth surges, should investors bet on India? As growth surges, should investors bet on India? originally appeared on DailyFinance on Mon, 30 Nov 2009 17:10:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Stocks end higher amid reports Dubai is racing to fix its debt problems
November 30, 2009 at 4:35 pm
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| Filed under: Investing  Investors shook off some their worries about the strength of holiday sales and Dubai's financial problems, and extended the stock market's big November gain. Stocks fluctuated through the day Monday, but traders ultimately were not deterred by reports that retail sales were overall uninspiring during the Thanksgiving weekend. Media reports that Dubai is working to restructure its debt gave stocks a late-day lift, while demand for safe havens like the dollar fell.
Stocks are turning in their best monthly performance since July. In late afternoon trading, the Dow Jones industrial average rose 32.58, or 0.3%, to 10,342.50. The broader Standard & Poor's 500 index rose 3.60, or 0.3%, to 1,095.09, and the Nasdaq composite index rose 4.49, or 0.2%, to 2,142.93.Continue reading Stocks end higher amid reports Dubai is racing to fix its debt problems Stocks end higher amid reports Dubai is racing to fix its debt problems originally appeared on DailyFinance on Mon, 30 Nov 2009 16:35:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Macy's CEO Lundgren says online shopping helps drive in-store sales
November 30, 2009 at 3:30 pm
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| Filed under: Company News, Technology, Columns, Economy, People, Investing, Earnings, Macy's  Macy's (M) CEO Terry Lundgren says every dollar of online sales influences almost $6 of sales inside the retailer's stores. According to Lundgren, many shoppers first see an item online and want to look at it in person before making a purchase. For example, a customer may see a piece of clothing online but ends up visiting a store to check the fit.
The mutually beneficial relationship between online and real world shopping works both ways. Some customers see items in the store and choose to buy them online to take advantage of the shipping options. Whatever the motive, online sales are growing fast. "We're going to do close to a billion dollars in online sales this year and it's growing at 16 percent year-to-date," Lundgren said in an interview with DailyFinance at the company's Herald Square store in New York City on Black Friday.Continue reading Macy's CEO Lundgren says online shopping helps drive in-store sales Macy's CEO Lundgren says online shopping helps drive in-store sales originally appeared on DailyFinance on Mon, 30 Nov 2009 15:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Dubai debt disaster makes extra headaches for publishing giant Houghton
November 30, 2009 at 12:30 pm
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| Filed under: Company News, Economy, Media  Dubai's sudden default last week of $60 billion worth of debt played havoc with the markets, spurred talk of bailouts, and put added stress on an economy just barely showing signs of a turnaround. But it was also another piece of awful news for Education Media & Publishing Group, the troubled, debt-ridden parent company of Houghton Mifflin Harcourt, the education and trade publisher.
EMPG, a private company based in Dublin and run by Barry O'Callaghan, partnered in 2008 with Istithmar World Capital, a subsidiary of investment company DubaiWorld. The resulting $125 million joint venture, EMPG International, was intended "to bring the education publishing group's products to developing markets."Continue reading Dubai debt disaster makes extra headaches for publishing giant Houghton Dubai debt disaster makes extra headaches for publishing giant Houghton originally appeared on DailyFinance on Mon, 30 Nov 2009 12:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| People@Work: Enjoy the holiday office party without injuring your career
November 30, 2009 at 12:00 pm
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| Filed under: Economy, People  With Thanksgiving behind us, the December holidays have become the focus of many people's attention. In the workplace, this is often the month for company-sponsored office parties, a way for bosses to say thanks for a job well-done and to inspire team loyalty among co-workers.
Of course, the recession's hangover likely means fewer such get-togethers than in years past -- and some organizations, such as Goldman Sachs Group (GS) have put the kibosh on office holiday parties altogether, even at employees' homes. But if you're fortunate enough to work for a company that's still planning a bash, now would be a good time to revisit some rules about merrymaking with co-workers.Continue reading People@Work: Enjoy the holiday office party without injuring your career People@Work: Enjoy the holiday office party without injuring your career originally appeared on DailyFinance on Mon, 30 Nov 2009 12:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| As hedge funds buy Apple and Pfizer, should individual investors follow?
November 30, 2009 at 10:15 am
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| Filed under: Goldman Sachs , Pfizer, Apple  There are many theories about investing and one of the simplest focuses on the momentum generated by big traders. Some momentum investors simply follow the smart money -- hedge funds and other Wall Street traders -- and hope to earn big returns from the stocks they love, regardless of their fundamentals. If you like the smart money momentum approach, you might want to look at Pfizer (PFE) and Apple (AAPL).
According to Bloomberg News, the smart money is plowing cash into stocks right now. Hedge funds added 21% to their stock stakes, totaling $604 billion, in the third quarter. Meanwhile, individual investors (who account for 82% of mutual fund investors) withdrew money from stocks -- pulling $37.3 billion from U.S. mutual funds since August. Continue reading As hedge funds buy Apple and Pfizer, should individual investors follow? As hedge funds buy Apple and Pfizer, should individual investors follow? originally appeared on DailyFinance on Mon, 30 Nov 2009 10:15:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| A record number of shoppers shows Cyber Monday is here to stay
November 30, 2009 at 9:45 am
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| Filed under: Company News, Technology, Economy  As if all the Black Friday hype weren't enough, here comes Cyber Monday. With the day after Thanksgiving now firmly entrenched as a holiday shopping tradition, retailers are shooting to do the same for online buying on the Monday after the holiday. Nine out of 10 retailers plan to have some kind of special offers for online shoppers, according to a survey from Shop.org, the National Retail Federation's Internet arm.
The NRF expects a record 96.5 million shoppers will go online looking for Cyber Monday bargains -- everything from cut-rate discounts to free shipping. That's a higher number than the group previously anticipated, says Vice President Ellen Davis. With those numbers, the NRF expects it will be as successful as the Black Friday sales, which racked up 195 million store visits over the weekend, she says.
Black Friday Wrap: Good Crowds, Penny-Pinching Shoppers
Continue reading A record number of shoppers shows Cyber Monday is here to stay A record number of shoppers shows Cyber Monday is here to stay originally appeared on DailyFinance on Mon, 30 Nov 2009 09:45:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Barnes & Noble's e-reader delay gives Amazon another advantage
November 30, 2009 at 9:30 am
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| Filed under: Company News, Sony, Amazon.com Inc. It's looking like Amazon (AMZN) could have a clear field selling e-readers this holiday season. First Sony (SNE) announced that its e-reader may not be available for shipment until after Christmas because the Japanese consumer electronics giant couldn't meet its manufacturing schedule.
Now, Barnes & Noble (BKS) says its e-reader, the Nook, will be late in hitting its stores. The Nook won't be available in some of its locations until Dec. 7. The bookseller's target had been to have the e-reader in its outlets on Nov. 30. Barnes & Noble points to high demand from online buyers as the culprit for the short supply. Any stumble by the newer entries makes it more likely that Amazon will dominate a market that's expected to produce 3 million sales this holiday season, according to projections from research group Forrester. Are the Barnes & Noble and Sony problems fatal to their e-reader launches? Probably not. Are they likely to keep each company from getting substantial market share in the market, at least short term? Almost certainly, yes. Amazon is proving that one of the most important retail rules is still in effect: Those without inventory are destined to lose the sales battle. Douglas A. McIntyre is an editor at 24/7 Wall St. Barnes & Noble's e-reader delay gives Amazon another advantage originally appeared on DailyFinance on Mon, 30 Nov 2009 09:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Stocks in the news: Apple, Best Buy, Deere, U.S. Steel, American Eagle
November 30, 2009 at 9:15 am
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| Filed under: Company News, Investing, Genzyme Corporation , Google , Boeing, Apple, AT&T, Baidu Inc.(ADR), Wal-Mart Stores, United States Steel, United Health, Target Corp., Comcast, Ericsson, Novavax, Walt Disney Black Friday traffic at online retailers was up 11% over last year, according to digital marketing intelligence firm comScore. Amazon (AMZN) was the most visited retail property, growing 28% from the corresponding shopping day a year ago, followed closely by Wal-mart (WMT), which grew 22%. Apple (AAPL) sites were up 39%, Target's (TGT) up only 2% and Best Buy (BBY) sites saw a 24% increase in traffic, rounding out the top five.
Best Buy attributed its Black Friday jump in traffic to purchases of smart phones, flat panel televisions, laptops, netbooks and digital cameras. Apple appears to have done well over the Thanksgiving weekend even without steep discounting and despite the release of Windows 7.Continue reading Stocks in the news: Apple, Best Buy, Deere, U.S. Steel, American Eagle Stocks in the news: Apple, Best Buy, Deere, U.S. Steel, American Eagle originally appeared on DailyFinance on Mon, 30 Nov 2009 09:15:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Stocks to start slightly higher as investors eye Dubai's debt situation, retail
November 30, 2009 at 8:10 am
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| Filed under: Economy, Investing  U.S. stocks are ready to retreat again Monday morning as Wall Street focuses on Dubai's debt problems and on retail, with early results from the holiday shopping season beginning to emerge.
[UPDATE: Futures turned direction and are now pointing to a higher start on Wall Street as investors were somewhat encouraged by the United Arab Emirate's central bank saying it would guarantee Dubai World's debt, and by the modest increase seen in holiday sales this season.]
While U.S. shoppers were busy shopping on Black Friday -- though keeping their purchases to highly discounted items -- U.S. markets fell sharply, managing to erase earlier gains and finish the week in the red. In a shortened session on Friday, Wall Street joined declines in world markets, reacting to fears that Dubai's largest conglomerate could default on $60 billion in debt as it asked for a stay of six weeks. Global investors feared this could be a symptom of broader financial instability elsewhere in a still fragile world economy.
More here: Before the bell: Futures slightly higher with Dubai debt woes, retail in focus Stocks to start slightly higher as investors eye Dubai's debt situation, retail originally appeared on DailyFinance on Mon, 30 Nov 2009 08:10:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Asian Banks soar in Dubai aftermath, Buffett's BYD and other Chinese car companies post massive gains
November 30, 2009 at 7:00 am
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| Filed under: Economy, Investing  Shares in Asia soared Monday, with Hong Kong's Hang Seng Index surging 3.3% to close at 21,822. China's Shanghai Composite Index climbed 3.2% to 3,195 and in Japan, the Nikkei Index gained 2.9%, ending the day at 9,346.
Even as shares in Dubai and Abu Dhabi suffered their steepest drop in more than a year, Asian banks recouped some of Friday's massive losses after assessing their actual exposure to floundering Dubai World. In Hong Kong, HSBC (HBC), the most heavily weighted stock on the exchange, rallied 4.3% and Standard Chartered (SCBFF) gained 4.2%. A pledge by the Chinese authorities to continue financial stimulus measures sent shares in China- based banks upwards. Hong Kong-listed shares of Bank of China (BACHY) added 5.8% and shares in Industrial & Commercial Bank of China (IDCBY) rose 4.6%.Continue reading Asian Banks soar in Dubai aftermath, Buffett's BYD and other Chinese car companies post massive gains Asian Banks soar in Dubai aftermath, Buffett's BYD and other Chinese car companies post massive gains originally appeared on DailyFinance on Mon, 30 Nov 2009 07:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Black Friday weekend drew good crowds -- of penny-pinching shoppers
November 29, 2009 at 10:00 pm
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| Filed under: Company News, Economy, Wal-Mart Stores, Target Corp.  The holiday shopping season got off to a good start over the Thanksgiving holiday, with large crowds on Black Friday that continued through the weekend. But that doesn't mean retailers are out of the woods yet.
By most measures, the weekend's sales were a success: $41.2 billion in merchandise went out the door, compared to $41 billion last year, according to the National Retail Federation. Stores were full, and registers rang, but the heavy traffic was offset by more penny-pinching shoppers, who are seeking discounts more than ever.Continue reading Black Friday weekend drew good crowds -- of penny-pinching shoppers Black Friday weekend drew good crowds -- of penny-pinching shoppers originally appeared on DailyFinance on Sun, 29 Nov 2009 22:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |  |
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Cancer killed fewer Europeans in the first half of this decade, largely thanks to a decrease in smoking. A new study finds that while death rates from cancer varied between men and women and among countries, they generally improved in all major European nations.
Investors who felt left at the station after Warren Buffett bought out the part of Burlington Northern Santa Fe (
After the world's experience with subprime lending, probably the worst call a prognosticator can make about a debt crisis is that it will remain "contained." So here goes nothing: Chances that the would-be deadbeats in Dubai will set off a series of defaults among emerging market countries seem very, very remote.
If you can afford to spend $87,403 to buy the gifts of "
Now that it's finally obvious to the Obama administration that the banks are 
Boeing (