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Feb 9, 2012

House Financial Services Committee chairman under investigation over possible violations of insider-trading laws, sources say

 The Washington Post

NEWS ALERT

Rep. Bachus faces insider-trading investigation





Smartcompany News and Analysis: Online retail on ACCC hit list, Iconic building company stops work, iPad 3 rumoured for March, Three secrets of female leadership

smart company logo image


It’s that time of the year again – the iPad rumour mill is heating up, with a leading US tech blog claiming the iPad 3 will be released in early March. Patrick Stafford has all the details, plus a look at what the new device could include.

Today we also look at trouble at one of NSW’s oldest building companies, the Greens’ plan to give employees more rights for flexible work arrangements and in Entrepreneur Watch, James Thomson examines new research on how the GFC has changed Australian society.


Advertising and Marketing
How consistent is your message?
Customers who expect one thing and experience something else will complain, return products, relate a negative experience to anyone who will listen and ultimately damage your reputation. BY TOM McKASKILL.
Features

Entrepreneurs
How I prospered after the solar rebate collapse
Entrepreneur Dewayne Montey kept his business Ecovation kicking with revenue of $17 million by working with a local council to create his own solar campaign. BY PATRICK STAFFORD.
Features

Aunty B
How do I accurately measure my online traffic?
If the variation in UBs and traffic are a barrier to your business model, I would recommend you signing up for Market Intelligence.
Aunty B

Selling strategies
Trent Leyshan
All things being equal, relationships invariably win. However, what happens when your competitors are equally adept at developing relationships? Then leverage becomes critical.
Ask the Experts

The Futurist
Colin Benjamin
As the nation’s media is more concerned with the sartorial splendour of Speaker Slipper than the state of the nation, maybe it’s a good thing that Parliament will take a break before delivering a budget.
Smart Blogs

Female Entrepreneur
Naomi Simson
This generation we will barely make a dent in the number of women in boardrooms around Australia, nor in senior leadership roles, so what do we tell our daughters (and our sons)?
Smart Blogs

Entrepreneur Watch
James Thomson
New research from Roy Morgan suggests the financial crisis hasn’t just impacted the consumer’s confidence – it’s changed their attitudes.
Entrepreneur Watch


Have a great weekend!

Best wishes,
Amanda Gome
Founder / Publisher
SmartCompany.com.au

MarketWatch First Take: Daily Commentary Roudup


MarketWatch

MarketWatch First Take
FEBRUARY 09, 2012



Groupon still spending big on marketing
2/8/2012 7:32 PM ET
The daily deal pioneer disappointed investors by reporting a slight net loss in its first quarter as a public company, and is still spending big on marketing
EU and IMF should bypass Greece, give to Germany
2/9/2012 10:08 AM ET
The real question at this point is why to continue this charade of international aid to Greece that makes the country worse, writes Steve Goldstein.
What you'll get in the foreclosure deal
2/9/2012 10:57 AM ET
Count banks, foreclosed home owners and state attorneys general among the settlement's big winners. The losers? You can probably guess.
United States re-enters the nuclear age
2/9/2012 3:58 PM ET
Nuclear Regulatory Commission thaws a 30-year freeze on new reactors by OK-ing Southern Co. plant expansion in Georgia.
Will LinkedIn's growth appease investors?
2/9/2012 5:42 PM ET
The professional social network pleased investors with its fourth quarter results but is that enough to sustain its current lofty valuation?

NYT Global Update: Mortgage Plan Gives Homeowners Bulk of the Benefits

Global Update


TOP NEWS

Greeks Reach Deal on Austerity to Meet Condition of Bailout

By RACHEL DONADIO and NIKI KITSANTONIS
After days of talks, Greek political leaders reached a deal Thursday to support a package of harsh austerity measures demanded by Greece's financial backers in return for a bailout.

Mortgage Plan Gives Homeowners Bulk of the Benefits

By NELSON D. SCHWARTZ and SHAILA DEWAN
Under the settlement, about $5 billion would go to states and federal authorities, $17 billion would be earmarked for homeowner relief and $3 billion would go for refinancing.

Dozens More Die in Syrian Violence, Activists Say

By NEIL MacFARQUHAR
The embattled Syrian city of Homs remained under siege for a sixth day Thursday with residents throughout the city cowering in their homes and medical supplies dwindling.
Fashion & Style

The Collection: A Fashion App for the iPad

Get complete coverage of fashion and style and the latest runway looks.
Opinion

Video: The Island President Deposed

The filmmaker Jon Shenk presents a portrait of Mohamed Nasheed, the first democratically-elected president of the Maldives and an environmental activist, who was deposed on Feb. 7.
WORLD

Libya Struggles to Curb Militias as Chaos Grows

By ANTHONY SHADID
The Arab world's most sweeping revolution is foundering as the interim Libyan government seems to be paralyzed by its lack of power to control competing militias.

Prominent Rights Judge Is Convicted in Spain

By RICK GLADSTONE
Baltasar Garzón was found to have overstepped his authority in a wiretapping case and ordered suspended from the courts for 11 years. There is no appeal.

Islamists Call for New Cabinet in Egypt

By THE ASSOCIATED PRESS
The Muslim Brotherhood said the military-appointed government it has failed to manage security in Egypt.
BUSINESS

After Accord in Athens, Uncertainties Loom for Europe

By LIZ ALDERMAN and LANDON THOMAS JR.
The Greek debt deal opens the door to new uncertainties in Europe, which could once again revive the crisis atmosphere.

Central Banks in Europe Hold the Line on Interest Rates

By JACK EWING and JULIA WERDIGIER
The European Central Bank signaled the worst may be over for the euro zone. But the Bank of England said it would increase its purchases of government bonds to bolster the economy.

Obama Advisers Offer Rosier Jobs Outlook

By JACKIE CALMES
A drop in unemployment in January, the fifth straight monthly decline, suggested an 8.9 percent forecast was too high.
TECHNOLOGY

Youths Are Watching, but Less Often on TV

By BRIAN STELTER
Young people still watch many television shows, but they are streaming them on computers and phones to a greater degree.

Security Bills Bruised by Lingering Fight

By SOMINI SENGUPTA
Legislation intended to help protect infrastructure from terrorists is hampered by fears of pressure from advocates who scored a victory against antipiracy bills.

The Piracy Problem: How Broad?

By JENNA WORTHAM and AMY CHOZICK
Media and Internet giants at odds over dealing with purloined content on the Web may need to agree first on exactly how bad the problem is.
SPORTS

England F.A. to Take Time in Naming Its Next Coach

By ROB HUGHES
After the departure of Fabio Capello, the England Football Association will take its time in naming its next coach.

Spain Starts Davis Cup Defense Without Nadal

By CHRISTOPHER CLAREY
Rafael Nadal and Novak Djokovic will not play for their countries as they save their strength for a long year that also will include the Olympics.

Court Finds Ullrich Guilty of Blood Doping

By IAN AUSTEN
Jan Ullrich of Germany, who won the 1997 Tour de France but has since retired from cycling, was suspended for two years on Thursday in a largely symbolic move.
U.S. NEWS

Surplus Surprises Michigan, but Is It Safe to Spend Again?

By MONICA DAVEY
After a $457 million surplus, Michigan officials must sort out whether the worst is really over, whether it is safe to start spending again, or whether a rainy day fund may be the prudent course.

21,000 Square Feet of Cold War Memories for Sale, Satellite Dish Included

By PATRICIA LEIGH BROWN
A cold war-era satellite relay station is for sale in California after a Silicon Valley mogul gave up on plans to turn it into a weekend home.

House Passes Bill Banning Insider Trading by Members of Congress

By ROBERT PEAR
The Senate has approved a similar measure, but the lopsided votes concealed deep disagreements over the details of the legislation.
OPINION
Op-Ed Contributor

Why Russia Supports Assad

By DMITRI TRENIN
Russia has some good reasons to question Western policies on Syria. It should also question its own.
Patrick Chappatte

Reconciliation Between Fatah and Hamas

The deal between Mahmoud Abbas, leader of Fatah and president of the Palestinian Authority, and the Islamist movement Hamas put Israel further on edge.
Op-Ed Contributor

The Khmer Rouge's Perfect Villain

By THIERRY CRUVELLIER
How does a man like Duch come to be? And how does he live with his crimes?

Money Show Investors Daily Alert: 2 Winners and Losers in Euro Crisis

Investors Daily Alert



Today's Charts in Play

MoneyShow.com Exclusive Interviews

Ideas from Around the World

Today's Featured Videos
The Dividend Sweet Spot, Josh Peters

Reuters - Daily Investor Update | Latest News: Greeks clinch austerity deal, lenders skeptical.



News

LATEST NEWS
Wall St ends up for third day after Greek deal
NEW YORK (Reuters) - Stocks posted a third day of modest gains on Thursday after Greece reached a deal to secure a financial bailout, but investors were cautious after weeks of gains. | Full Article

U.S. banks agree to $25 billion in homeowner help
February 09, 2012 03:06 PM ET
WASHINGTON (Reuters) - Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market. | Full Article
Greeks clinch austerity deal, lenders skeptical
February 09, 2012 04:33 PM ET
ATHENS/BRUSSELS (Reuters) - Greek political leaders clinched a long-delayed deal on Thursday on harsh austerity measures and reforms required to secure a second international bailout in two years but the country's financial backers reacted skeptically. | Full Article
MF Global judge to examine insurance for ex-execs
February 09, 2012 12:24 PM ET
(Reuters) - The U.S. judge overseeing MF Global's bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to customers. | Full Article
FDA sets draft rules for biotech drug copies
February 09, 2012 03:58 PM ET
(Reuters) - The U.S. Food and Drug Administration's long-awaited guidelines for the sale of lower-cost versions of biotechnology drugs leave open the possibility that some products might not need to be tested in humans. | Full Article

Financial and Forex Info News | The Australian Capital Circle: Gillard moves to stamp out speculation



Gillard moves to stamp out speculation
 
Julia Gillard has warned her ministers to stop speaking to newspaper editors, moving to stamp out leadership speculation.

First off: The gag order, handed down at a cabinet meeting last week, means ministers must seek permission from the prime minister's office before meetings or private talks take place (report). And it comes as Kevin Rudd's supporters move to ease concerns he would not rush to an early election (report).
Julia Gillard is in Sydney. She'll attend a national disability insurance scheme event mid-morning with Families Minister Jenny Macklin where she'll meet with the families of teenagers with disabilities.
Tony Abbott is in Melbourne. He addressed the Masters Builders Association this morning at 8.20am. On his regular Friday morning Today show appearance, Mr Abbott attacked Wayne Swan for having never delivered a surplus in his time as Treasurer. He rejected suggestions that treasury spokesman Joe Hockey had fumbled an attempt to establish the existence of a black hole in Wayne Swan's calculations (report). "No, he didn't,'' Mr Abbott said, before returning to the debate about when the Coalition would deliver a surplus. "If Labor can deliver a surplus in the next financial year, we will certainly deliver a surplus in our first budget, because the budget position will always be better under the Coalition."
Queensland election – Sean Parnell reports : Premier Anna Bligh will monitor the cleanup operations in south-west Queensland, as tensions rise among St George residents still not allowed to return to the flooded town. Her former top bureaucrat, Ken Smith, now the State's trade commissioner in London, will give evidence via phone to the flood inquiry. Liberal National Party leader Campbell Newman will respond to a new poll
Read more...
 
Mumble
Peter Brent
Peter Brent
 
Libs not racist, but …
What is it with the Coalition and race? Every so often some brouhaha or other is hitting the headlines. It’s a certain brand…
 
More Peter Brent

NYT Afternoon Business News: Banks Come First in a Greek Debt Plan



BUSINESS
High & Low Finance

Banks Come First in a Greek Debt Plan

By FLOYD NORRIS 
 
A proposed financial rescue package for Greece calls for debt payments as the first priority, whatever happens to Greece itself.

After Accord in Athens, Uncertainties Loom for Europe

By LIZ ALDERMAN and LANDON THOMAS JR.
The Greek debt deal opens the door to new uncertainties in Europe, which could once again revive the crisis atmosphere.

Central Banks in Europe Hold the Line on Interest Rates

By JACK EWING and JULIA WERDIGIER
The European Central Bank signaled the worst may be over for the euro zone. But the Bank of England said it would increase its purchases of government bonds to bolster the economy.

2 New Reactors Approved in Georgia

By MATTHEW L. WALD 
 
The Nuclear Regulatory Commission voted 4-to-1 to grant a license to build two nuclear reactors in Georgia, the first time the commission had done so since 1978.

Two Top Executives at Ford to Retire

By BILL VLASIC 
 
The retirements of Lewis Booth, the company's chief financial officer, and Derrick Kuzak, Ford's global product chief, had been expected, but could test the depth of the company's management team.

CBS News | Political Hotsheet Top Stories: Perry: I'm afraid of Obama as "quarterback"

The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
Perry focuses on conservative ideals, does not mention Newt Gingrich, whom he endorsed last month, in speech to conservatives
Read full story
Perry: I'm afraid of Obama as

Obama praises ten states for education progress President praises the states exempted from No Child Left Behind law for setting high bar in education

Boehner: no apologies for tumultuous Congress House Speaker John Boehner has big ambitions, though he acknowledged they could be difficult to fulfill

Will House strips provision from STOCK Act that would have forced those who sell non-public information to investors to register like lobbyists

Former Giffords aide to run for her House seat Ron Barber, former Giffords aide, will run for her seat in special election; says he has Giffords' "full support"