Washington Times

Parkinson calls Kan. jobless rate `discouraging' The Associated Press TOPEKA, Kan. — Gov. Mark Parkinson called Kansas' first unemployment report for 2010 "discouraging," urging legislators Wednesday to put politics aside in finding solutions. The state Department of Labor says Kansas' jobless rate in January was 7.1 ... Md. unemployment worsened in Jan.Bizjournals.com Unemployment Decreased in Nine US States in JanuaryBusinessWeek Jobless rate spikes above 10 percent locallyOxford Press CNNMoney.com -Washington Business Journal -Grand Junction Sentinel all 450 news articles »

KVAL

Bank of America to stop debit card overdrafts The Associated Press NEW YORK — Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees. ... BofA to scrap overdraft fees on debit purchasesCNNMoney.com Bank of America to End Overdraft Fees on Debit CardsBusinessWeek Hold Your Applause for Bank of America's Overdraft AnnouncementAtlantic Online MarketWatch -Twirlit -New York Times all 526 news articles »

The Guardian (blog)

Google Apps Store Challenges Microsoft TheStreet.com In a company blog post, the Internet giant explained that the Google Apps Marketplace lets users find, deploy and manage cloud-based business applications. More than 50 companies are already using the Marketplace ... Google Apps Marketplace Brings Cloud Services TogetherPC World Google Opens App Store for Business SoftwareNew York Times (blog) Google's Marketplace Spells Trouble for MicrosoftCMSWire DVICE -InternetNews.com -PC Magazine all 962 news articles »

Telegraph.co.uk

Runaway Prius Tale Prompts New Probe Wall Street Journal Toyota Motor Corp. and federal investigators probed the latest report of sudden acceleration Tuesday, a dramatic incident on a California highway that ricocheted around the Internet. A California man called 911 for ... Another runaway Toyota Prius reportedReuters Police probe Toyota Prius crash in NYC suburbThe Associated Press Toyota Can't Pass Drivers' Dangerous TalesCBS News MotorTrend Magazine -Weekly Driver -TheStreet.com all 2,718 news articles »

Washington Post

Oil Slips Despite Tightening Supplies Wall Street Journal NEW YORK—Crude futures turned negative Wednesday after a failed run at a new 2010 high on a report showing tightening fuel supplies. Light, sweet crude for April delivery recently traded down 43 cents, or 0.5%, at $81.06 a barrel on the ... NYMEX-Crude slips lower after rise on gasoline drawReuters Oil cools after inventory reportCNNMoney.com Oil Retreats From an Eight-Week High After Supplies IncreaseBusinessWeek MarketWatch -The Associated Press -TheStreet.com all 1,386 news articles »

Washington Post

Wholesale Inventories in US Fell 0.2% in January BusinessWeek March 10 (Bloomberg) -- Inventories at US wholesalers unexpectedly fell in January for a second month, signaling companies had difficulty keeping pace with demand. The 0.2 percent decline in the value of stockpiles followed a ... Wholesale inventories fall while sales increaseThe Associated Press Wholesale Inventories Fall, Restocking ExpectedABC News Financial Rally Can't Spur StreetForbes Wall Street Journal -AHN | All Headline News -Briefing.com all 330 news articles »

New York Daily News

Ex-New York Pension Fund Officer Pleads Guilty BusinessWeek March 10 (Bloomberg) -- David Loglisci, former chief investment officer of the New York state pension fund under former comptroller Alan Hevesi, pleaded guilty in connection with corruption at the fund. Loglisci, 38, pleaded guilty to ... Ex-official admits guilt in NY pension probeThe Associated Press NY AG To Announce Development In Pension Fund Probe WedWall Street Journal Ex-NY Investment Officer Pleads Guilty to CorruptionNew York Times (blog) New York Daily News (blog) -Metrowny.com (blog) -Albany Times Union (blog) all 110 news articles »

Globe and Mail

Skepticism Over OPEC's Demand Forecast Forbes One analyst thinks that overstated growth in China is driving the cartel's rosier view on 2010. After a recession-driven slump around the world, government stimulus efforts may fuel a rebound in oil demand in 2010. So says the Organization of Petroleum ... OPEC raises 2010 oil demand forecastThe Associated Press OPEC revises 2010 oil outlookOil & Gas Journal Crude Oil ReportUPI.com BusinessWeek -ONN.tv -The Business Insider all 238 news articles »

Reuters

Stocks sputter on low volume CNNMoney.com NEW YORK (CNNMoney.com) -- Stocks pared gains Wednesday as oil prices fell and investors remain nervous about the economic recovery. The Dow Jones industrial average (INDU) was up less than one ... Financials, Tech Lead US Stocks Higher After Inventory DataWall Street Journal US Stocks Erase Gains Amid Concern Over Chinese InflationBusinessWeek Stocks rise after inventories fall but sales gainThe Associated Press TheStreet.com -Learning Markets -Wall Street Journal all 1,526 news articles »

Reuters Canada

Google stands behind plan to stop China cencorship Reuters WASHINGTON, March 10 (Reuters) - Google (GOOG.O) has not changed its decision to stop censoring its Chinese search site even if it means leaving that market, a senior executive told a US Congressional panel on Wednesday. Nicole Wong, the firm's vice ... Google CEO Sees Conclusion to China Talks SoonWall Street Journal Google CEO: Development in China dispute 'soon'The Associated Press Google, China to Solve Dispute Soon: Google CEOCNBC CNET -Benzinga -Sydney Morning Herald all 295 news articles »

A few weeks ago, we had a little chat about James Glover, the RBSGC managing director who, being pretty ticked about the subpar compensation situation for the past few years, decided to help himself to a bonus (he did so by having junior employees submit wires that would normally go to a counterparty to pay…

Alan Fishman, the limo driver-cum-hedge fund manager president who admitted last year to screwing AR Capital investors just a little bit, has pleaded guilty to fraud (Fishman had caught the investing bug while driving around a bunch of investment bankers and lawyers, and decided one day to “take a crack at his customers’ game”). A…

Trish Regan’s been look pretty good lately, no? Especially for a woman who just gave birth a few months ago? I’m sure you’ve noticed, as has John Carney, who needed to know more. The crack journalist did some digging and found out that you, too, can look like this, by incorporating a…

Tomorrow, Forbes will release its annual list of the richest billionaires in the world. Who will take the number one and two spots? The CNBC brain trust has crunched some numbers and is guessing it’ll be Gates, followed by Buffett. This is all pretty upsetting to everyone in the Oracle’s camp, as…

Apparently he’d had it with the commission’s freaky ass rules. Publicly, he’s talking about the ones relating to short selling, though odds are he wasn’t thrilled about this shit, either. The U.S. Securities and Exchange Commission’s top economist is leaving the agency after Chairman Mary Schapiro merged his office with another and passed short- selling…

So, Lenny Dykstra has asked a judge to dismiss his bankruptcy case. Why? Nails has a reason. “Bottom line, you don’t belong in bankruptcy when you have $100 million in assets,” Dykstra said Tuesday in a telephone interview. Oh, okay $100 million in assets, that makes sense. LD has another good reason for his…

Last week, Goldman Sachs announced that the experiment wherein upper management acted like it cared what shareholders think, validated their feelings, took out the trash without having to be asked and so on and so forth was over. Not sure if The International Brotherhood of Electric Workers missed it in the 10-K or if…

So, okay. A new E*Trade commercial has that day-trading baby two-timing a couple of girl babies. The one who is supposed to be his girlfriend (weird?) wants to know where he was last night, and doesn’t buy that he got busy “diversifying [his] portfolio.” She suggests he was banging “that milk-a-holic Lindsay.” …

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Harry Markopolos www.thedailyshow.com Daily Show Full Episodes Political Humor Health Care Reform Log on to ladyboyjuice.com 348 times in one day? Yes. That, they’ve got a handle on. Words and stuff? Marko’s not yet convinced. (Yet another reason these people must die.)

Merkel Urges Regulation as Greece Takes Plea to U.S. (Bloomberg) Merkel, speaking to reporters in Luxembourg today before Greek Prime Minister George Papandreou meets President Barack Obama in Washington, said the European Union must take the lead in curbing the “very speculative elements” of derivatives trading, going beyond previous Group of 20 nations agreements. The U.S.…

The Toyota "unintended acceleration" saga is up there with the worst corporate PR disasters—mishandled information that put the public needlessly at risk.

One year ago today, a group of big banks quietly launched a new and theoretically safer way to trade derivatives, key to the financial crisis. As lawmakers debate reform, banks at the center of the storm are remaking the market as they see fit—and stand to profit, too.

Karen Mills, the head of the Small Business Administration, sits down for an interview and offers her case for what the Obama administration is doing to fill the biggest small-business funding gaps—working capital and commercial real estate loans.

SeaWorld faces not just the tragedy of the death of one of its veteran killer whale trainers, but also a public relations nightmare since Shamu is the iconic symbol of the marine life theme park.

San Francisco Bay area architects have the expertise to help China clean up pollution, and it's a business they're diving into.

Coca-Cola will buy a major stake in its largest bottler, Coca-Cola Enterprises., in a “substantially cashless” deal worth about $13 billion that echoes moves initiated by rival Pepsico last year.

The launch of Buzz, a social-networking site, didn't go well. Is Google's online leadership vulnerable to a tag-team assault by Microsoft and Facebook?

It’s no secret we live in a country of haves and have-nots. But did you know there’s a California city where nearly 29 percent of households earn more than $200,000 a year, while in one Pennsylvania city, not a single household makes that amount? Find out which cities are the richest and poorest in Portfolio.com’s analysis of the nation’s top wealth centers.

Inside the Portfolio.com/bizjournals analysis of the nation's biggest 420 cities and how they break down by wealth.

By raising the discount rate a notch, the Fed is encouraging banks to borrow money from the private sector, not the government. It's just a first step toward reducing the government's crisis controls. Soon we will see if the economy can stand on its own.

Year lows on the S&P 500 were broken before a quick,...

Hedge Funds on the Hill: Live-Blogging the HearingsSome...

S&P 500 200-Day Moving Average Spread at -32%No idea...

(Click to enlarge)If this counts as a double top pattern,...

Term Asset-Backed Securities Loan Facility (TALF)The...

Ricardian EquivalenceFor now, of course, Macro Man...

Recession in U.S. Started in December 2007, NBER SaysHappy...

U.S. Payrolls Decline by 533,000, Most Since 1974MBA:...

Cut, paste, keep: ZIRP bonds edition

Senate Rejects U.S. Auto Industry Bailout After Talks...

Energy stocks embellish early gains, playing off bullish U.S. inventories data as well as a revised Organization of the Petroleum Exporting Countries outlook forecasting higher world oil demand for 2010.

The sale of 10-year notes receives the most bids ever per dollar sold.

Customers may be rethinking their allegiance to the once-vaunted Toyota brand these days, but not all investors have been swayed by reports of bloodthirsty hybrids wreaking havoc across America.

Airline stocks leaped Wednesday with the big network carriers in the lead.

MarketWatch's daily rundown of major gainers and decliners in the U.S. stock market.

Big commercial banks would be barred from making speculative investments in stocks and derivatives and prohibited from owning hedge funds or private-equity firms, under financial-reform legislation fashioned after the so-called "Volcker rule."

Crude-oil futures lose ground as a continued weak picture for U.S. demand weighs.

Oil major Royal Dutch Shell and oil-trading giant Vitol have suspended gasoline sales to Iran, as policy makers explore fresh options in an effort to curb the country's nuclear program.

U.S. blue-chip stocks erase their morning gains on Wednesday as energy and materials stocks slid, following a retreat in oil and metals futures.

American Eagle Outfitters is making good progress on its turnaround so far, dumping a concept for an older demographic.

FINTAG COMMENT

Mohammed.

On the way up:
Gold
Managed Accounts
Goldman Sachs Body Guards
Dow
Hedge Fund AUM
Meetings with NOMOS

On the way down:
Fund of Hedge Funds
GBP (thanks to the CRA's)
Windows 7
SEC litigation against hedgies

AVENUE WINS ON SIX FLAGS REVAMP PLAN

emii
Fintag says
Galleon ...one flag ...Bear Stearns ...six flags

EX- BEAR STEARNS FUND MANAGERS CIOFFI AND TANNIN CLEARED IN BLOW FOR US GOVERNMENT

telegraph
Fintag says
Yahoo! The jurors recognised these people as good 'n' honest hedgies and not greed tax lovin' investment bankers.

bloomberg says " Bear Managers' Acquittal May Hamper U.S. Fraud Prosecutions "

GOLDMAN: OUR STAFF DESERVE EVERY PENNY

cityam
Fintag says
God demand's only the best. A big thank you to AIG and the US taxpayer that Goldman can satisfy the big one's demands.

DEUTSCHE BANK: HEDGE FUND ASSETS HEADED TO $2 TRILLION

finalternatives
Fintag says
We are back. Not that we went away.

new york times says " Guilty Plea in Scheme to Defraud Hedge Fund "

market wire says " Morgan Stanley, BNP Paribas Are Hedge Funds' Top Brokers, According to Institutional Investor Survey "

HEDGE FUNDS SET FOR PARTIAL EU VICTORY

guardian
Fintag says
God is looking after us hedgies too.

FINTAG COMMENT

Read it before Murdoch takes it away.

Soon only the rich will be able to buy internet news ...nomos capital suffers from dirty old man syndrome ...bear sterarns (gordon brown spelling) verdict is imminent ...guilty all round ...barclays make profits thanks to the arabs ...dow is on an up ...USA unemployment is the highest in a lifetime ...conscription and national service is back on the agenda ...shoplifting in the UK is the new black ...gold is the new oil

LAPDANCERS, CALL GIRLS AND THE 'HUMILIATED DUMB BLONDE' SUING HER CITY BOSS FOR £4M

daily mail
Fintag says
NOMOS has always recruited attractive young things and now we know why. I wonder who Fintag's Angels are ...

JURY OUT IN HEDGE FUND TRIAL

telegraph
Fintag says
They were stupid, they weren't crooks. However given Investment Bankers are the equivalent of Nazi war criminals they will get long sentences.

times says " Hedge funds should be encouraged to launch in UK "

FINTAG COMMENT

Now where was I.

Bullionvault.com is the new retail haven of safety ....RBS should have gone the way of Lehman ...EU Directive is pants and whoops of whooping are heard all over Mayfair ...Hedgies are on the streets fighting over Lehman cash ...

FINANCIAL NEWS

financial news
Fintag says
Income and Pricing policies were big in the 1970s but soon abandoned because controlling wages doesn't work.

The ultimate problem is the banks are too big. They need to be broken up and regulated pre Clinton.

It is very obvious.

cityam says " No to Tobin "

times says " I'm doing 'God's work'. Meet Mr Goldman Sachs "

BAD CREDIT CARD DEBTS 'WILL SOAR'

bbc
Fintag says
Low rates mean this isn't going to be a big problem. I thought it would be; it isn't.

CITI SAID TO EYE RELAUNCH OF HEDGE FUND UNIT

dealbook
Fintag says
Pandit only knows hedge funds. Makes sense.

FINTAG COMMENT

Black armband day.

So Goldman, JPM et al who were saved from bankruptcy have lobbied Obama to avoid comp caps and instead thrown BoA, ML and AIG into a cesspit where country club membership will be banned and a few top earners will not get paid. Savings? I reckon less than 100m. Pathetic.

I am therefore on strike.

FINTAG COMMENT

Begging bowl.

So the UK's debt is a few billion off the budgeted forecast. Like the USA, the UK has its largest ever debt since the Second World War when there was a good reason for a large amount of debt - War. This time around, the reason for the debt is ...Investment Banking. So we defeated Hitler and a potential world of horror, spent decades paying off the loans for these loans to reappear because a few bankers needed to continue their lifestyles.

Seems rather bizarre, doesn't it?

But not as bizarre as the Galleon sheep who are ripping out its hedge fund with panic like zeal. It looks like the fund will be forced into liquidation and this always results in less for those who stand last and I am surprised Galleon hasn't just gated the fund. Even so, when panic sets in, panic sets in. Has anyone checked out who these investors are? I got a sneak preview from a disgruntled to be out of work Galleoner and hey presto, a few of these also had Madoff exposure. Bad luck seems to follow those who are useless.

Benality
A few days ago I tried to tweet the 5 billionth tweet. I was close but not close enough. I must try harder:

http://twitter.com/fintag/status/4999882493

U.S. STOCK FUTURES POINT TO SECOND STRAIGHT DIP

market watch
Fintag says
Hey Presto. The world is over valued.

GALLEON STAFF EYE EXITS

deal book
Fintag says
Ship. Rats. Jumping.

wall street journal says "Rakoff Gets Galleon Case And Will Bharara Become the Great Preetinder? "

Mind you seems ironic that Australia, the world's only booming economy has a Sri Lankan boat problem. Given Galleon owned a lot of the SL stock market, we may see a few more immigrants looking for new homes.

KING CALLS FOR BREAK-UP OF BANKS

financial times
Fintag says
Looks like King is prepping himself for the job of top regulator once the FSA is binned. His statements are so obvious and a sentiment we have been espousing for years. Glass Steagall 2.0. Alternatively GS 2.0. Spooky.