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Bloomberk Business Nws

Reputation Managers, Heal Thyself
Companies that promise to cleanse your name online are themselves the targets of smears more
China Bashing Makes Awkward Politics
Castigating China is a favorite tactic for both parties, says Joshua Green. They back down once they're in the White House more
Mystery of the Disappearing Workers
The share of working-age people in the U.S. labor force is at a 29-year low. A rise in older Americans may explain why more
Inflation Data Debunk Bernanke Critics
The numbers are proving Federal Reserve Chairman Ben S. Bernanke’s critics wrong. more
Las Vegas: Startup City
Zappos CEO Tony Hsieh is spending $350 million of his own to make Sin City a startup hub more
Inside Facebook Headquarters
No summary available. more
Reproductive Rights Group Asks Court to Reopen Plan B Case
A reproductive rights group asked a federal judge to reopen a lawsuit over access to the emergency contraceptive Plan B, claiming the Food and Drug Administration acted in “bad faith” when it placed restrictions on the drug. more
Sprint Loss Widens After IPhone Demand Boosts Subsidy Costs
Sprint Nextel Corp., the third- largest U.S. wireless carrier, reported a wider fourth-quarter loss after demand for Apple Inc.’s iPhone boosted costs to subsidize the device. more
Malloy Follows Christie Taking On Connecticut Teacher Tenure
Connecticut Governor Dannel Malloy, a Democrat elected in 2010, wants to overhaul rules for giving public-school teachers tenure, introducing new standards for evaluating their performance. more
Asia’s 1.25 Billion Over 60 by 2050 Shows Why Bonds Beat Stocks
With Asia’s elderly population poised to double within four decades, more money is being plowed into preserving wealth than enhancing growth, driving up demand for the region’s bonds that are beating returns on stocks. more
Prudential Financial Profit Advances on Gains Outside U.S.
Prudential Financial Inc., the life insurer that expanded in Japan through acquisitions, said fourth-quarter profit more than tripled on non-U.S. earnings and narrower losses from investments and derivatives. more
Visa Profit Exceeds Estimates as Credit-Card Spending Rises
Visa Inc., the world’s biggest payments network, said fiscal first-quarter profit climbed 16 percent as consumers increased use of credit and debit cards. more
Santorum Three-State Republican Sweep Slows Romney’s Drive
Rick Santorum shook up the race for the Republican presidential nomination by sweeping three contests yesterday, casting doubt on front-runner Mitt Romney’s hold over the party’s core voters. more
Facebook Governance Challenged by Pension Fund
The California State Teachers' Retirement System, or Calstrs, intends to question in a letter the controlling power amassed by Facebook Chief Executive Officer Mark Zuckerberg more
How Old Milwaukee Gamed the Super Bowl
The beer company hit social-media gold with its Will Ferrell ad, which it paid pennies to air in North Platte, Neb. more
Big Year for Tech Mergers
Companies are scrambling to handle a torrent of data, pushing them into bigger M&A frenzy since 2007 more
Nintendo Needs a Hit in a Hurry
The gaming company faces big losses amid a two-year sales slump more
Why Estonia Loves the Euro
Moving away from the kroon boosted growth, raised trade, and lowered interest rates more
Tech Employers Ignore Slump
Dozens of technology companies boosted payroll by at least 50% in the past two years more
China Unicom's Smart Call on Cheap Phones
Low-end handsets have set off a smartphone boom in China more
Australia's Strong Dollar Puts a Cork in Its Wine Sales
A soaring currency hits Aussie winemakers on two fronts: Higher prices hurt their exports, and lower prices on imports shrink sales at home more


Fox Business News

Fox Business News

Fed Pushes ING-Capital One Vote To Monday
The Federal Reserve pushed back a vote on whether to approve Capital One's $9 billion acquisition of ING's U.S. online banking arm until Monday. more
Draghi: The Eurozone's Hero?

If President Obama wanted to thanks someone for the relative calm in Europe that is buoying U.S. equity markets, perhaps he should consider an Italian economist few Americans have ever heard of.

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QE3 Remains On The Table, Fed's Williams Says
The Federal Reserve may need to launch another round of asset purchases with printed money, commonly known as quantitative easing, if the economy loses momentum or if inflation remains well below 2%, said John Williams, the president of the San Francisco Federal Reserve Bank, on Wednesday. more
Minimum Thought Put into Minimum Wage

As the brilliant economist Thomas Sowell pointed out in a column this week, a minimum wage is one of the worst things you can do to young folks out of work.

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Look Good, Feel Good, Get Hired

A study by Duke University researchers found that CEOs are more likely to be rated as “competent”, and actually make more money, based just on appearance.  

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Annual Foreclosure Inventory Drops 8%: CoreLogic
The number of homes in the foreclosure inventory stood at 1.4 million at the end of 2011, down 8.4% from a year earlier, according to a report from data firm CoreLogic Inc. released on Wednesday. more
China Aims To Create 45 Million New Jobs: Report
China's cabinet, the State Council, approved a plan Wednesday to create 45 million new jobs through 2015, setting a target of holding urban unemployment under 5%, according to report by the state-run Xinhua news agency. more
China To Help First-time Home Buyers
China's central bank pledged Wednesday to support first-time home buyers, marking the first notable softening in tone towards the real-estate sector since a clampdown on prices that began in mid-2010. more
New York AG Cancels Bank Settlement Statement
New York Attorney General Eric Schneiderman late Tuesday postponed a much anticipated conference call with reporters that was set up to announce whether the state would participate in broad a settlement with five big banks over foreclosure practices. more
ECB To Swap Greek Bonds For EFSF Bonds -- Report
The European Central Bank has agreed to exchange Greek bonds it bought last year for bonds of the European Financial Stability Facility, the euro zone's temporary rescue fund, the Wall Street Journal reported Tuesday, citing anonymous sources. more


Miami Harald Business News

Express your economic thoughts with haiku poetry
Business Monday is looking for haiku with an economic theme. Are you impacted or concerned about unemployment, low housing prices, too many foreclosures, Europe on the brink, pay cuts and layoffs? Are you still fed up or do you see better days around the corner? more
Reserve now for Miami Herald Small Business Forum
Do you run a small business or is being your own boss in your plans? more
Citizens boosted home values to raise premiums, suit says
Some homeowners have filed a class-action lawsuit against Citizens Property, charging that it overvalued their homes to raise premiums. more
Dating advice from the pros
In today’s 24/7 work world, some people benefit from dating coaches, who help facilitate relationships. more
Crown Princess hit with norovirus outbreak again; returning to Port Everglades
For the second time in as many days, the Crown Princess returned to Port Everglades after another outbreak of the norovirus, which attacks the gastrointestinal system. more
Banks Paying Homeowners a Bonus to Avoid Foreclosures: Mortgages
Accelerating efforts to move troubled mortgages off their books, banks are offering as much as $35,000 or more in cash to delinquent homeowners to sell their properties for less than they owe. more
Black Rock strategist: Invest in U.S. stocks
With the Dow edging back toward 13,000, will 2012 be a bull year? That depends largely on Europe, said Bob Doll, vice chairman and chief equity strategist for fundamental equities at Black Rock at the annual economic forecast breakfast of the Executives Association of Fort Lauderdale. more
The sweet taste of success
Marc De Kuyper, 11th generation of the Dutch family that produces a rainbow of popular hard-partying liqueurs, didn’t exactly have a free ride into the business. He had to get the right degrees and succeed at several other jobs first. Finally, with an impressive resume in hand, he had to go through a series of formal interviews, business exams and psychological and IQ testing at De Kuyper Royal Distillers, which was founded in 1695 and has always been run by the family. more
American Airlines: Miami will not suffer disproportionately in cuts
In an interview Monday, executives with American Airlines said Miami will lose jobs — they just don’t know how many yet. more
Miami-Dade’s hotel rebound hits a plateau in December
The vacation may be winding down for Miami-Dade’s hotel rebound. more
South Florida can still claim priciest Super Bowl
As the last Super Bowl before the recession, South Florida’s 07 game continues out-pricing other Super Bowls. Little cities don’t help: prices down 15 percent from last year’s game in Dallas. more
Identity theft victims start calling Nelson’s office for help
About two dozen victims of identity theft had already called U.S. Sen. Bill Nelson’s office by noon Friday to try to get help in reporting to the Internal Revenue Service that thieves had filed for a refund using their names. more
Former federal prosecutor turns to private investigations
Andrew Levi, a former Assistant U.S. Attorney in Miami, has turned from public to private investigation as head of the Miami office of a global firm. more
Enter the Miami Herald Business Plan Challenge
Find the contest rules and all you need to get started on your entry, but first let’s look back on the progress of last year’s winners. more
Share haiku on an economic theme
Two years ago, Business Monday asked readers to use the Japanese poetry form haiku to express themselves. Now we’re asking for new submissions. more
Is Facebook advertising right for your small business?
BizBytes 101 shares tips for navigating the issues of social media advertising. more
Builders group sees pickup in housing this year
The chief economist for the National Association of Home Builders says he expects U.S. sales of new homes and single-family home construction to improve this year over 2011, when they hit record lows. more
Treasury raises $24 billion in 10-yr note auction
The U.S. government easily managed to sell new 10-year debt on Wednesday. U.S. debt continues to be a safe haven for global investors who are nervous about ongoing talks in Europe for a second bailout of Greece. more
Diamond Foods names new CEO on audit results
Diamond Foods Inc. is replacing its CEO and chief financial officer after an internal investigation found that the company improperly accounted for payments to walnut growers and needs to restate two years of financial results. more
Greece mulls harsh new cuts in bailout talks
Greek coalition leaders were locked in crucial debt talks with the prime minister Wednesday to review layoffs and other steep cutbacks as part of a euro130 billion ($170 billion) bailout package intended to save the country from a looming bankruptcy. more
Summary Box: Stocks rise as Greece nears deal
GREECE LIGHTENING: Greece still hasn't finalized a deal to cut what it owes bondholders, get a bailout and avoid defaulting on its debt next month. But investors seemed glad that an agreement appeared near. more
News Corp 2Q beats Street despite hacking charges
Rupert Murdoch's News Corp. said Wednesday that net income grew by nearly two-thirds in the final quarter of 2011, despite expenses related to the ongoing phone hacking investigation at its U.K. newspaper unit. more
Visa 1Q profit rises 16 percent as card use rises
Visa Inc. said Wednesday that its fiscal first-quarter profit rose 16 percent, as card use rose both in the U.S. and overseas. more
Groupon reports 4Q loss, higher revenue
Groupon investors were expecting a better deal than the surprise loss the company delivered on Wednesday. more
Summary Box: Copper rises on demand expectations
COPPER CLIMBING: Copper prices hit their highest level since September on expectations that demand will pick up after China announced a plan to create millions of jobs. The price of copper has increased nearly 14 percent this year. more
Washington Post launches 5th round of buyouts
The Washington Post is launching another round of voluntary buyouts - its fifth in the last decade - in its shrinking newsroom. more
Armour Group builds bullet-proof business
A Fort Lauderdale company sells armored vehicles to military clients and companies with employees overseas. more
Is oil drilling in Cuban waters safe?
With Scarabeo 9, a Spanish company’s leased oil rig, in place for exploratory drilling off the Cuban coast, response plans are being firmed up in case a spill reaches the United States. more
Brazil offers visas to Haitians drawn by prospect of jobs
The Brazilian government created a special visa program after thousands of Haitians were stranded in remote Amazon towns. It will also issue work visas to Haitians at its embassy in Port-au-Prince. more
U.S. still tops for entrepreneurs
This week’s roundup includes news on Brazilian banking and upcoming international trade events in Florida more
Ecuador conservation effort gets dragged into legal fight
Ecuadoran plaintiffs in an $18 billion lawsuit against Chevron said the company has been trying to bribe its way out of the case by offering to support an innovative conservation effort. more
Ecuador court upholds historic environmental case against Chevron
An Ecuadoran court has upheld a ruling against Chevron for polluting the environment. Chevron says the ruling is illegitimate. more
Cuba stacks up the building blocks of a new economy
The pace of economic reforms has picked up as Cuba seeks to move more people off government payrolls in an effort to boost its economy. more
Argentine media site attracts viewers and lawsuits
Cuevana, an Argentine website that streams the latest Hollywood blockbusters and TV series, started off as a dorm-room project that has attracted millions of viewers. Now, it has attracted lawsuits from HBO and Turner, among others. more
Judge turns down InnoVida’s plan to reorganize
A bankruptcy judge converted Claudio Osorio’s personal and corporate bankruptcy cases to Chapter 7 more
Brazil’s economy slows
However, recent measures could put the economy of South Florida’s largest trading partner back on the growth track by the second quarter of 2012. more
French ambassador highlights ties with Florida
François Delattre focused on investment and trade during a recent visit to Miami. more
Cisco beats estimates with 2Q earnings, sales
Cisco, the world's largest maker of computer networking equipment, on Wednesday said its net income jumped 44 percent in the latest quarter as it continues to put last year's slump behind it. more
Time Warner sees growth after Harry Potter movies
Time Warner Inc. got a boost from its movie studio and cable TV networks in the last three months of the year, and the company expects growth to continue in 2012 even with the end of its lucrative Harry Potter franchise. more
CEO apologizes after Path uploads contact lists
Social-sharing app Path has come under fire for accessing and uploading users' phone address books without their permission. The information has now been deleted, and Path has apologized. more
Hackers post W.Va. police officers' personal info
Hackers affiliated with the group Anonymous obtained personal information for more than 150 police officers from an old website of the West Virginia Chiefs of Police Association and posted the data online. more
Rambus, Nvidia sign patent licensing deal
Technology licensing company Rambus Inc. said Wednesday it has signed a licensing agreement with chip maker Nvidia Corp. to settle a long-running patent dispute. more
Lawsuit seeks to block Google's privacy changes
A consumer watchdog group is suing the Federal Trade Commission in an attempt to prevent Google from making sweeping changes to its privacy policies next month. more
Review: Soulo converts iPad into karaoke machine
Karaoke lovers typically fall into two categories: Those who enjoy it, and those whose arms have to be twisted to get up and sing in public. more
Gov. Scott’s Facebook page draws praise and protests
Gov. Rick Scott’s Facebook page is intriguing because the comments to a question about the Florida Legislature provides a snapshot of a divided state. more
There’s a boom in smart baby monitors
The cry has been heard: After 20 years with little change to baby monitoring devices, new designs premiered in January at the Consumer Electronics Show promising Wi-Fi connectivity and high-definition video that streams live to a smartphone. more
Chairman, 3 others out in Yahoo board shake-up
Yahoo Chairman Roy Bostock and three longtime board members are stepping down, submitting to the demands of many frustrated shareholders who blame them for contributing to the follies that have dragged down the Internet company's revenue and stock price. more
Newsstand magazine sales down 10 percent in US
U.S. magazine sales at newsstands and other retailers dropped 10 percent in the second half of 2011, a sign that Americans are still careful about discretionary spending and impulse purchases. more
Crown Princess hit with norovirus outbreak again; returning to Port Everglades
For the second time in as many days, the Crown Princess returned to Port Everglades after another outbreak of the norovirus, which attacks the gastrointestinal system. more
Two South Florida-bound cruise ships hit by norovirus
Two cruise ships have been hit by norovirus, a gastro-intestinal bug that spreads fast and leaves misery behind. more
Ship with sick passengers arrives in Fort Lauderdale
Princess Cruises has confirmed the stomach illness that affected almost 100 passengers aboard the Ruby Princess is norovirus. more
Carnival: Bookings dropped fleetwide after Costa Concordia wreck
Carnival Corp. said in a regulatory filing that it expects full-year profits to take a $155 million to $175 million hit from the Costa Concordia grounding. more
Bahamas police investigate cruise ship death
Authorities in the Bahamas say a 26-year-old U.S. tourist has died aboard a Carnival cruise ship and the cruise has been delayed pending the investigation. more
Settlement offered to Costa Concordia shipwreck survivors
Passengers who suffered no physical injury from the grounding of the Costa Concordia are being offered a settlement of about $14,500. Lawsuits filed Friday put that figure in the shadows. more
Disney Cruise Line coming to Miami
The Disney Wonder will set sail from Miami beginning in December, drawing more tourists here. more
Carnival Cruise Lines faces a hostile PR tide
Reports of a 30-percent discount for shipwreck survivors on future cruises sparks global outrage as Carnival and Costa try to contain the damage to their brands in wake of Concordia crisis. more
Carnival too big to let Concordia sink profits
On an average day, about 50,000 people around the world board cruise ships to start their vacations. Half of them set to sea on a vessel owned by Carnival Corp, the industry leader based in Doral. more
Cops thought Novack murder might be sexcapade gone awry
In the hours after her husband’s murder, investigators grilled Narcy Novack on her husband’s temper, their marital ups and downs and his sexual peccadilloes. more
Passengers on Costa Atlantica cruise undeterred by shipwreck
Travel experts say it’s difficult to tell how many potential passengers have been scared away from taking cruises. more
Jackson Health System, union agree on $52 million in concessions
Jackson Health System and SEIU agreed to a new three-year contract after months of intense bargaining, but union workers can earn back some of their concessions by finding efficiencies. more
Uninsured woman’s search for surgery shows challenges faced at Jackson Health System
The case of a Hialeah single mother illustrates key issues — uninsured patients with complicated cases — facing Miami-Dade’s beleaguered public health system. more
Jackson Health System will announce “significant” layoffs in about two weeks
Jackson Health System is restructuring in response to lower patient volume and budget problems. more
Bascom Palmer plans major expansion
UM’s eye institute announced plans for a three-year expansion as it celebrates its 50th anniversary. more
UM patient data stolen
Limited data on 1,219 University of Miami patients was stolen in November when someone broke the back window of a pathologist’s car and took a briefcase that contained a flash drive. more
High-tech proton cancer therapy center planned for Palm Beach County
Backers of the controversial, and expensive, procedure say it can zap tumors with such accuracy that surrounding tissue is unharmed. more
Jackson Health System, UM headed toward “a completely new relationship”
Jackson Health System and the University of Miami are planning a new arrangement that would have some UM doctors practicing only at UM, while opening the way for FIU doctors. more
Hospitals hiring doctors to get ready for reform
Hospitals made disastrous decisions in the 1990s in hiring doctors. Now, they’re again buying physician practices — saying better management will make the difference this time. more
Jackson Health System projects that it could run out of cash this summer
Jackson Health System executives projected for the second straight year that the system might run out of cash this summer unless major steps are taken. more
Floridians could get $140 million in rebates
Federal authorities have rejected a request from Florida to get a waiver on a crucial reform requirement -- a move that could clear the way for state consumers to get more than $170 million in refunds on their health insurance. more
Washington ruling could mean $145 million rebate to Floridians for health insurance
A little-known part of the federal healthcare reform act could get Floridians $145 million in insurance rebates and perhaps put many insurance agents out of business. more
Is it morning again in Miami?
A look at how South Florida’s economic rebound at the end of President Obama’s first term compares to the end of Ronald Reagan’s first term. more
Job security way up in South Florida
The number of South Floridians filing for their first unemployment checks continues to plunge. But the levels are still disturbingly high compared to years when the economy was healthy. more
Sprint posts deeper 4Q loss on iPhone costs
Sprint dug deep into its pockets in the latest quarter to put iPhones in the hands of its customers. The perennially money-losing company on Wednesday posted its largest loss in three years. more
Entrepreneur pushes Chinese role in global credit
Guan Jianzhong is waging a one-man crusade to change the global credit rating industry. more
For college bound, a look at financial aid changes
The mad dash to cobble together college funding will soon be under way. more
Wright brothers' Ohio bike shop may be demolished
An Ohio building constructed around the first Wright brothers' bicycle shop has been declared a public nuisance and may eventually be demolished, despite a resident's effort to preserve the site. more
Diamond Foods names new CEO on audit results
Diamond Foods Inc. is replacing its CEO and chief financial officer after an internal investigation found that the company improperly accounted for payments to walnut growers and needs to restate two years of financial results. more
RI judge denies Richard Hatch $25 IRS payment bid
A request by reality television star Richard Hatch to give the Internal Revenue Service a reduced payment of $25 for January in his tax evasion case has been denied by a Rhode Island judge. more
 
Activist: Infants, medical staff killed in Syria crackdown
Syrian opposition activists say the regime is continuing its brutal crackdown, hours after Russia touted President Bashar al-Assad's "commitment" to ending violence. more
Soccer: England boss Capello resigns
The English Football Association have confirmed that England national manager Fabio Capello has resigned from his post with immediate effect. more
Safety checks for all Airbus A380 jets
All Airbus A380 airplanes must be checked for cracks in the wings within three to four weeks, the European Aviation Safety Agency ordered Wednesday. more
NGO crisis tests U.S.-Egypt relations
As though there were not enough tumult in Egypt, a new crisis has soured its strongest Western ally and threatened to sever military aid a year after revolution felled a longtime dictator. more
Alcohol, cold kill in Ukraine
Alcohol has been involved in most of the deaths blamed on the extreme cold in Ukraine, the country worst affected by the icy temperatures gripping eastern Europe, the country's emergencies minister said Wednesday. more
'No negotiations' on Falklands, UK vows
The British Foreign Office Wednesday dismissed a complaint from Argentina about the "militarization of the South Atlantic" as tensions rise over the Falkland Islands, over which the two countries fought a war 30 years ago. more
U.S. drone strike in Pakistan kills 10
Ten suspected militants were killed Wednesday when a U.S. drone fired two missiles at an insurgent hideout in Pakistan's northwest tribal region, three security officials said. more
Santorum wins 3 Republican contests
Rick Santorum awoke to a new reality Wednesday after sweeping all three Republican presidential contests a day earlier, reshaping the contest that will decide who runs against President Barack Obama in November. more
Murdoch pays thousands on hacking
The publisher of Rupert Murdoch's now defunct News of the World tabloid paid out tens of thousands of pounds Wednesday to settle lawsuits over phone hacking from celebrities and politicians, including a former Tony Blair spokesman. more
Pakistani PM appeals against charge
Pakistani Prime Minister Yousuf Raza Gilani filed an appeal Wednesday against a Supreme Court decision to charge him with contempt, his lawyer said. more