Albuquerque Express
AlbuquerqueExpress.com Friday 12th March 2010 Volume 071/8
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Wall Street sidelined by dollar fallWall Street sidelined by dollar fall
The U.S. dollar was sharply weaker Friday as stocks drifted...


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Lehman Brothers auditors were negilgent says reportLehman Brothers auditors were negilgent says report
Auditors, former executives, Barclays Bank, and Wall Street banks have copped a serve from a court-appointer examiner who probed the Lehman Brothers...
Banks in Australia profiteering says regulatorBanks in Australia profiteering says regulator
Australia's biggest banks are gouging its customers, the Reserve Bank of Australia...
Risky assets back in vogueRisky assets back in vogue
Junk bonds and other risky investment instruments are being sought after, pushing prices above those of investment grade...
Indians get a taste of U.S. agriculture productsIndians get a taste of U.S. agriculture products
The US Ambassador to India Timothy J. Roemer on Thursday inaugurated an annual international food festival 'Aahar-2010' in the national...
Janet Yellen tipped to become vice chairperson of Federal ReserveJanet Yellen tipped to become vice chairperson of Federal Reserve
San Francisco Federal Reserve Bank President Janet Yellen is expected to be nominated to become Ben Bernanke's...
Obama launches bid to lift exportsObama launches bid to lift exports
The American president told the U.S. Export-Import Bank in Washington he was launching a new strategy to improve...
Sri Lanka doing massive deals with ChinaSri Lanka doing massive deals with China
Sri Lanka will soon build a second international airport on the south of the island, with much of the money coming from...
BA strike to go ahead after talks failureBA strike to go ahead after talks failure
There has been no agreement reached between British Airways and the Unite...
Kansas City school district shrunken to reduce deficitKansas City school district shrunken to reduce deficit
In the US, the school board in Kansas City has decided to close 26 of the city's 59 public schools to keep the district afloat...
U.S. stocks recover in late tradingU.S. stocks recover in late trading
A surge in bank shares returned the major indices to the black Thursday, after rough sailing earlier in the...
Rates Trade In Tight Range On Uneven Economic Data
NEW YORK — Interest rates were mixed in the bond market Friday after uneven economic reports gave investors conflicting signals. Long-term Treasury prices rebounded after sliding Thursday....
Interest Rates Hold To Tight Range After Mixed Economic Reports Give Off Conflicting Signals
NEW YORK - Interest rates were mixed in the bond market Friday after uneven economic reports gave investors conflicting signals. Long-term Treasury prices rebounded after sliding Thursday. The rise...
Apco Posts Earnings For Q4, 2009
Apco Oil and Gas generated net income attributable to Apco of $23.5 million in 2009, or $0.80 per share, compared with net income of $23.8 million, or $0.81 per share in 2008. Net income...
Ev Energy Partners Schedules 4th Quarter And Full Year 2009 Earnings Release Conference Call On Wednesday, March 17, 2010 At 10:00am Et
EVEP ) today announced plans to release 2009 fourth quarter and full year results on March 16, 2010 after market close. In conjunction with the release, EV Energy Partners has scheduled a...
After Hours: Citigroup, Schwab May Be Active In Late Trades
LOS ANGELES (MarketWatch) -- Financial stocks may remain in investors' focus Friday evening, with shares of Charles Schwab losing ground during the regular session after the discount broker warned of...
Could Lehman's Dick Fuld End Up Behind Bars?
Lehman Brothers ' chief executive, Dick Fuld? After this week's 2,200-page potboiler from the bankruptcy courts, one former Lehman banker has an uncompromising opinion."I think this is gross...
Kraft's Irene Rosenfeld: Other Unpopular Bosses
Kraft 's Irene Rosenfeld is not alone in receiving a frosty reception after a takeover. Nowhere is this more apparent than in football, where fans have a public platform to make their feelings...
The Full-price Strategy That Is Making Bookshop Foyles Thrive
Sam Husain, chief executive of Foyles. Photograph: Martin Godwin In an age of buy-one-get-one-free and half-price stickers, it is rare that a store earns shopper loyalty by selling goods at full...
Microsoft Admits Office Patch Gaffes
Computerworld - Microsoft confirmed today that a security update for its Excel spreadsheet had turned English text in an important Windows tool into Chinese. The admission was the second in the past...
Wtc Captive Reaches Accord On 9/11 Worker Claims
March 12 (Bloomberg) -- WTC Captive Insurance Co., a victims’ fund set up after the Sept. 11, 2001, terrorist attacks, reached a settlement of as much as $657 million with 10,000 workers...
’alice In Wonderland’ Sets Stage For Dolby Showdown With Reald
March 12 (Bloomberg) -- “Alice in Wonderland,” Tim Burton’s reimagining of the Lewis Carroll tale, is doing more than setting box-office records for a 3-D movie. It’s serving...
Earnings: Biomimetic Turns A Profit
While BioMimetic awaits approval of Augment in the United States, the company has been gradually narrowing its losses. For the fourth quarter, it actually posted a profit of $1.1...
Earnings Schedule For Week Of 03/15/10
By THE ASSOCIATED PRESS Major companies tentatively scheduled to report quarterly earnings next week: Monday No major releases. Tuesday NEW YORK - Discover Financial Services releases...
Homeowners Take ‘cash For Keys’ To Escape Debt
Owners of bad loans are increasingly making deals with borrowers to avoid a foreclosure, which tends to reduce returns for investors and place a black mark on the homeowner's...
Mortgage Relief Aid Reaches Few Homeowners
March 10: Fred Glick of US Loans Mortgage discusses his innovative idea for mortgage relief with CNBC. Christopher Thornberg, of Beacon Economics, shares his...
Oil Production Predicted To Peak In 2014
oil would peak sometime between 2008 and 2018. And other researchers have argued there are decades to go before oil production goes into irreversible decline. The only thing they all agree on: Oil is...
Emirates Set To Meet Dh2b Earnings Target, Will Decide Soon On Expansion
Berlin: Dubai-based airline Emirates is on track to reach its full-year earnings target of Dh2 billion, its president said on Thursday. "We've had a very good year," Tim Clark said in an...
Slacker Radio Secretly Preparing On-demand Music Service
discover in ‘07, plans to launch an on-demand subscription service combining elements of Pandora, Rhapsody and Spotify in the next few months, Wired.com has learned from a well-placed source...
Crude Ends Lower After U.s. Sentiment Data
NEW YORK -- Crude oil retreated on Friday, giving it a slightly loss for the week, as a report that showed U.S. consumers were less upbeat in March offset a forecast for higher global oil demand and...
Edmunds.com: Used-car Prices Up 2% In Feb; Toyota Weighs
DOW JONES NEWSWIRES U.S. used-car prices rose about 2% in February from a month earlier, continuing gains started late last year, as the data also showed the impact from the recall of eight Toyota...
Hospital Chain's Stock Could Sicken Your Portfolio
THC ) has ardent supporters who believe the party can keep on rocking, but this poster child for the market's rebound has flipped its risk-reward picture from a year ago, turning it into the Stupid...
Currencies: Dollar Heads For Weekly Loss After U.s. Data
The U.S. dollar declined versus the euro on Friday and was headed towards a sizable weekly drop versus major counterparts after better-than-expected retail-sales data and a surprise decline in...
Nigeria Forms Panel To Vet Telecom-privatization Investors
IBADAN, Nigeria -(Dow Jones)- Nigeria's National Council on Privatization said Friday it has set up a seven-member committee to undertake "further due diligence" on prospective investors that...
Update: Greece Beats Budget Targets For January And February
(Updates with further progress reports on its deficit that are expected in May) ATHENS -(Dow Jones)- The Greek government Friday said it surpassed its budget targets for January and February, and...
Obama Loan Modification Program Languishes
WASHINGTON -- With expectations for millions of foreclosures on the horizon, only 170,000 troubled borrowers have had their mortgages modified from three-month temporary plans into more affordable...
Gold Ends Lower As U.s. Sentiment Data Dips
NEW YORK -- Gold futures finished lower on Friday and for the week, as a drop in U.S. consumer sentiment continued concerns that China will further tighten access to money offset a weaker dollar....
Treasury Says 1 Million Homeowners In Loan Modifications
WASHINGTON (Reuters) - An Obama administration program to help struggling homeowners modify their mortgages has more than one million active borrowers, though fewer than 10 percent have obtained...
Calif. Lawsuit Claims Toyota Hid Defect Evidence
LOS ANGELES/DETROIT (Reuters) - In the latest blow to Toyota Motor Corp, a Southern California prosecutor filed the first consumer protection lawsuit against the automaker, claiming it had engaged in...
"cash For Keys" Aids Home Borrowers, Investors
"It got me out of a bind," said Culver, a former Kmart employee who has since relocated near his in-laws in Tennessee where job prospects are better. "I got a little cash out of it and was able to...
Slow Financial Regulatory Reform Irks Industry
BOCA RATON, Florida (Reuters) - The pace of financial regulatory reform remains slow even as the global economy struggles to recover from a crisis that many say was caused by inadequacies in the...
Wamu Deal Resolves Fallout From Record Bank Failure
WAMUQ.PK ) said on Friday that it reached a deal that will bring it roughly $6 billion and help resolve its bankruptcy, but it could leave shareholders in the...
Wells Fargo, Baltimore In Talks After Mortgage Suit
WFC.N ) said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending...
Apple Starts Taking Ipad Orders In U.s.
Apple Inc. began taking pre-orders in the United States for its iPad multimedia tablet Friday, seeking to expand sales beyond the iPhone, iPod and Macintosh computer. U.S. customers who order...
Obama To Tap Yellen For Fed Vice Chair: Source
WASHINGTON -- U.S. President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source...
Rogers To Hike 911 Fee
Making an emergency call on the Rogers network is about to get more expensive for some wireless customers. Well, technically the price of the call isn't going up, but your monthly...
Police: Man Hit Children At Wal-mart For Thrill
C OLUMBUS, Ohio — Police in Ohio say a man accused of striking children in the head with his fist and keys at a Wal-Mart store told them he did it for the thrill. Sixty-eight-year-old Ralph...
"60 Minutes" Preview: Inside The Collapse On Wall Street
Excerpt: Inside The Collapse Wall Street bonuses in the current climate are a "very elegant form of theft" former bond trader Michael Lewis tells Steve Kroft. "60 Minutes," Sunday, March 14 at 7 p.m....