02/02/2012 (11:28 pm)

Indonesia Growth Probably Exceeded 6% as Domestic Strength Counters Europe - Bloomberg

Filed under: management, money |

Indonesia

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01/07/2012 (8:04 pm)

Pape: Two investments for nervous people

Filed under: money, term |

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11/17/2011 (3:56 pm)

Judge OKs release of $520M to MF Global customers

Filed under: News, money |

The judge overseeing the bankruptcy of collapsed MF Global Inc. has approved the release of about $520 million to trading customers of the brokerage firm whose accounts have been frozen since Oct. 31.

U.S. Bankruptcy Judge Martin Glenn issued an order Thursday granting the request of the court-appointed trustee that 60 percent of the funds in about 23,300 cash-only accounts be returned to customers.

The money could start moving to customers before Thanksgiving, a spokesman for the trustee says. The complex process of combing through about 38,400 frozen accounts holding some $5.4 billion to verify balances has taken longer than planned.

Trustee James Giddens hopes to eventually have 100 percent of all funds returned in the coming weeks. –

Source

11/07/2011 (5:16 pm)

Kellwood launches new rock ‘n roll-inspired label

Filed under: legal, money |

Kellwood is channeling an edgy rock ‘n roll spirit for its newest brand called Lamb & Flag, which is set to launch later this week.

Its promotional materials quote from Jack Kerouac (”Here’s to the crazy ones. The misfits. The rebels.”) and encourage its target audience of 18 to 25 years olds to “join the beautiful rebellion.”

The brand’s e-commerce site — LambandFlag.com — goes up on Friday. And three 3,500-square foot stores, which will sell both the namesake label as well as other third-party brands, will open in Southern California in the coming months.

Michael Kramer, the company’s chief executive, has big hopes for the brand. He told Women’s Wear Daily that if the first stores are successful, he wants to open 20 to 30 more stores in 2013. And one day, he said, he could envision 700 to 800 of them.

This is the Town and Country-based apparel company’s second in-house brand it has launched in recent years. Earlier this year, it also rolled out Blk Dnm, a premium denim line by designer Johan Lindeberg absolutely free credit score.

The company has also been in acquisition mode in the last year or so, buying up brands such as Scotch & Soda, Zobha, and Rebecca Taylor.

Lamb & Flag is named after an English pub near Oxford. The brand will be driven by denim, but will also include off-the-shoulder knits, cinched dresses, logo’d tees, striped hoodies and more. Its prices will range from $56 to $98 for denim, $22 for $68 for tees and $48 to $128 for outerwear. It will also have related fragrances.

Most of Kellwood’s business is in women’s apparel. But Lamb & Flag is aimed equally at men and women.

The first mall-based Lamb & Flag store will open in December in Brea, Calif. It will be followed in January by two more locations in Mission Viejo and Cerritos.

Source

10/24/2011 (10:32 am)

Tropical Storm Rina could be hurricane by Tuesday

Filed under: money, online |

Forecasters say Tropical Storm Rina has formed in the Caribbean Sea off the coasts of Honduras and Nicaragua and could become a hurricane by Tuesday.

The U.S. National Hurricane Center reports Monday that the storm’s center is located about 190 miles (305 kilometers) southwest of Grand Cayman.

It has maximum sustained winds of 45 mph (72 kph) and is moving northwest near 6 mph (9 kph).

Forecasters expect Rina to gain strength in the next two days and say it could become a hurricane by Tuesday night. The storm is forecast to bring at least an inch of rain along the northeast coast of Honduras and at least 2 inches of rain over the Cayman Islands.

Source

10/19/2011 (1:44 pm)

Obama, first lady tout jobs plan for veterans

Filed under: money, term |

Heralding a splash of good news on jobs, President Barack Obama on Wednesday praised a series of companies that have promised to hire 25,000 veterans or military spouses within two years, calling it a sign of patriotism and business savvy. He pushed his economic agenda anew to a military audience, this time with first lady Michelle Obama at his side.

“We ask you to fight, to sacrifice, to risk your lives for your country,” Obama told an audience of thousands of people at Joint Base Langley-Eustis. “The last thing you should have to do is fight for a job when you come home. Not here. Not in the United States of America.”

In this military setting, Obama’s pitch for his jobs bill was far less partisan than it has been across his bus tour of North Carolina and Virginia. He didn’t target at length the Republican lawmakers who have voted against his plan, promising more broadly to keep pushing Congress to pass a bill that’s now been broken into pieces.

The president’s day-long swing through Virginia does, however, have deep political undertones. Obama won the traditionally Republican-leaning state in 2008, but his poll numbers here are down, and some of the state’s high-profile Democrats are staying away from the president’s events.

The final day of Obama’s bus tour had a different feel primarily because the Obamas were together as the president campaigned for his ideas and, in turn, for his re-election. The president and Mrs. Obama made a surprise stop at a roadside pumpkin patch, scooping up some orange and white pumpkins, apples and peanuts.

Then they stopped for lunch at Anna’s Pizza and Italian Kitchen, having a meal with four veterans from different parts of the nation who had attended the earlier event at the base.

In their comments, Obama and the first lady both sought to assure veterans and their families that the country was behind them and that employers are, too. The American Logistics Association, which includes major companies like Tyson Foods Inc. and Coca-Cola Co., is pledging to hire 25,000 people by the end of 2013.

Michelle Obama called it the largest coordinated effort by the private sector to hire veterans that the nation has seen in years.

Mrs. Obama is leading a national campaign to rally the country around its veterans.

The president said that every company should want to hire veterans because of their leadership experience, mastery of cutting-edge technology and other skills. Obama is asking Congress to approve separate tax credits worth thousands of dollars for businesses that hire veterans who’ve been out of work for at least six months, including those with disabilities free 3-in-1 credit report.

As Obama has been traveling, lawmakers back in Washington were taking the first steps to break his nearly $450 billion jobs bill into pieces for possible votes. It’s the only way elements of the measure stand a chance of passing, given that Senate Republicans blocked action on the full package last week.

The bus trip has given the president the opportunity to promote elements of his jobs plan in places the White House says would benefit most should the measures pass.

Obama has spoken at high schools and community colleges where the administration says new spending would prevent teacher layoffs, as well as a small, regional area airport near Asheville, N.C., where Obama pressed for government funds to renovate an outdated runway.

Wednesday’s stops were following a similar pattern.

Obama has proposed a Returning Heroes tax credit of up to $5,600 for businesses that hire unemployed veterans who have been out of work for six months or more, as well as a Wounded Warriors tax credit of nearly $10,000 for unemployed veterans with service-related disabilities who also have been looking for work for at least six months.

“When I first proposed this idea in a joint session of Congress, people stood up and applauded on both sides of the aisle,” Obama said about tax credits to encourage hiring of veterans. “So when it comes for a vote in the Senate, I expect to get votes from both sides of the aisle. Don’t just applaud about it. Vote for it.”

Obama was on his way to North Chesterfield, Va., where he was to speak at a local fire station. He was returning to Washington later Wednesday.

Republicans have criticized Obama’s bus trip as being more focused on selling the president’s re-election than solving the country’s economic woes. Senate Minority Leader Mitch McConnell said Wednesday: “”Let’s park the campaign bus, put away the talking points, and do something to address this jobs crisis.”

Top Virginia Democrats, including Sens. Mark Warner and Jim Webb, are not expected to appear with the president Wednesday, nor is Tim Kaine, the former governor and chairman of the Democratic National Committee, who is running to replace the retiring Webb.

However, Virginia’s popular Republican Gov. Bob McDonnell did meet with the president Wednesday morning at Joint Base Langley-Eustis.

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10/07/2011 (10:20 pm)

Chavez: Houses on Caribbean islands will be seized

Filed under: money, technology |

Venezuelan President Hugo Chavez announced Thursday that his government will expropriate homes on the Caribbean resort islands of Los Roques, saying the structures were built on plots bought in shadowy business deals.

Chavez has nationalized hundreds of privately owned companies since taking office in 1999, but this is the first time he has targeted private homes for expropriation.

Chavez offered no details regarding the planned seizures of private homes and quaint inns, known in Spanish as “posadas.”

“There are some houses that were illegally built. We’re going to take them over,” he said on television from the presidential palace.

The president said the government would build state-run inns on Los Roques, which is an archipelago of tiny islands offering snorkeling and scuba diving along numerous coral reefs and deserted white-sand beaches.

Lying 95 miles (150 kilometers) off the mainland, Los Roques is immensely popularly with foreign tourists seeking natural beauty and tranquility.

The archipelago is a paradise for nature lovers cheap business cards. More than 280 fish species, including rainbow-colored parrot fish and yellow striped angel fish, dance around divers in the crystalline waters. Brown boobies and scarlet ibises are among the dozens of bird species found on the islands.

Chavez’s government has nationalized hundreds of businesses including cement makers, retail stores and steel mills as part of his drive to establish a socialist economic model in Venezuela. Authorities have also seized large swaths of agricultural land deemed idle by officials, turning parcels over to poor peasants.

Chavez spoke before meeting with Russia’s Deputy Prime Minister Igor Sechin at the presidential palace. They discussed military cooperation and bilateral projects, including the creation of a $4 billion joint development bank that would be used to finance construction of housing and a natural gas pipeline in Venezuela.

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09/07/2011 (1:12 am)

Jobs incentives proposal in peril as special session gets under way

Filed under: management, money |

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09/02/2011 (9:52 am)

Markets tank on disappointing U.S. jobs picture

Filed under: Loans, money |

North American stock markets were sharply lower Friday as the U.S. government reported flat monthly net job growth in August, the first time that has happened since early 1945.

On top of that, the U.S. Labor Department revised July job creation down to 85,000 from 117,000.

The unemployment rate stayed at 9.1 per cent.

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08/28/2011 (7:40 am)

Tropical storm warning issued for Bermuda

Filed under: Mortgage, money |

Forecasters say a tropical storm warning has been issued for Bermuda as Jose moves over the Atlantic Ocean.

The National Hurricane Center in Miami says Jose was about 115 miles (185 kilometers) south-southwest of Bermuda on Sunday morning with maximum sustained winds of about 40 mph (64 kph). The storm was moving north at about 16 mph (26 kph).

Jose is not expected to change much in strength Sunday and should weaken on Monday paperless payday loans.

Forecasters say tropical storm conditions are expected on Bermuda later this morning. Jose could bring as much as 1 to 3 inches of rain to Bermuda, but projections currently show the center of the storm remaining offshore.

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