Archive for February 12th, 2008

Daytona 500 Pre-Race Report
ESPN.com - Daytona International Speedway is a 2.5-mile oval and with 31-degree banking in the corners and 3-degree banking on the straightaways. • There are 54 drivers on the pre-entry list to compete for one of 43 starting slots in Sunday’s 200-lap, 500

Microsoft Security Bulletin MS08-010 - Critical
Microsoft PressPass - For example, an on the web e-commerce site or banking site may use Active Scripting to provide menus, ordering forms, or even account statements. Prompting before running Active Scripting is a global setting that affects all World wide web and intranet sites

Citizens First Bancorp, Inc. Announces Annual Meeting Date
Forbes - Citizens First Bancorp, Inc., through its subsidiary Citizens First Savings Bank, currently serves its customers from 24 full service-banking centers in St. Clair, Sanilac, Huron, Lapeer, Macomb and Oakland counties and a loan production office

Help for Homeowners Facing Foreclosure
ABC News - Last week, the State Foreclosure Prevention Working Group, an organization of state attorneys general and banking departments, said that seven of 10 seriously delinquent borrowers aren’t getting the help they need. Initially only six mortgage lenders

Cross-Border M&A Lawyer Joins Gibson Dunn in Los Angeles
Forbes - He has significant experience in the telecommunications, IT, banking, hospitality, oil/gas, pharmaceutical and chemical industries. His clients have included governments, financial institutions, investment banks, multinational companies and U.S

Foreclosures hurt housing market further
Miami Herald - A growing share of home sales are from foreclosures, especially in states hardest hit by the housing bust. In some parts of California lately, nearly 50 percent of home sales come from foreclosed houses. The trend, which is putting additional

White Home Unveils Home Mortgage Plan
NPR News - Most people at risk of home foreclosure aren’t getting any kind of help, according to a group of say prosecutors and banking regulators. The mortgage industry has pledged to work with homeowners falling behind on their payments, but often borrowers

Denmark: 3 arrests in cartoonist plot
Miami Herald - A man walks past the Copenhagen offices of the Jyllands-Posten newspaper Tuesday Feb. 12, 2008. Danish police said Tuesday they have arrested three people suspected of plotting to kill one of the 12 cartoonists behind the Prophet Muhammad drawings

Feds Announce Plan to Delay Foreclosures
Forbes - Senate Banking Committee Chairman Christopher Dodd, D-Conn., said the finance industry and the administration were falling further and further behind in dealing with the growing crisis. “This plan, while a step in the right direction, will not stem

Adwatch: Clinton health care ad
Miami Herald - LENGTH: 30 seconds. AIRING: Statewide in Wisconsin. SCRIPT: Male announcer: “She fought for universal health care, long before it was popular. Got health insurance for 6 million children and expanded access to health care for the National Guard. Now, she

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There’s a lot of chatter around the blogosphere discussing a formally announced agreement between eBay (NASDAQ: EBAY) and General Motors Corp. (NYSE: GM). I picked up on the official GM press release at Autoblog.

Here’s what I make of it: GM will be placing all of its available GM certified, used automobile inventory from 3,900 dealers on eBay in the classified ad format. I believe this means that people won’t actually be bidding for the cars on eBay, but they’ll be able to look at them there, and then they will be referred to the dealership that has the vehicle they want. It might be similar to the way Craigslist operates. You know, Craigslist . . . an eBay company.

The GM press release states: “The eBay Motors agreement means that GM Certified dealers will have millions more eyeballs looking at their inventory, and more traffic drives sales,” said Mark Mathews, director, GM Used Automobile Activities. “Teaming with eBay Motors provides shoppers with convenient access to all GM Certified inventory and continues GM Certified’s commitment to interactive marketing. We now offer our dealers the most comprehensive program in the industry, listing their inventory on more than 300 websites.”

Comments made on Autoblog indicate less than great enthusiasm for the idea. At ideal, Autoblog readers find it interesting. The fact of the matter is that GM already gives its dealers big exposure on the web, not withstanding each dealer’s individual world wide web advertising efforts. The one thing I don’t like is that it appears GM dealers won’t be paying for their exposure on eBay. Where do I sign up for a deal like that?

While I kind of like the whole idea and think that if it’s well executed, it could work out nicely, there’s something else inside me that feels just a bit queasy when thinking about it. Even though I think the concept might be accepted with the same level of discomfort, only time will tell if it’s a good move that’ll pay off. I honestly hope it works out nicely for all celebrations involved, but honestly, I’m not holding my breath.

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Petrobras International Finance’s global notes rated ‘BBB-’ - S&P
CNBC - BANGALORE (Thomson Financial) - Standard & Poor’s Ratings Services said it has assigned its ‘BBB-’ rating to Petrobras International Finance Co’s (PifCo) global notes due 2016. The outlook is stable on the ratings of PifCo, which is a wholly-owned

Mayor’s secrecy wrong, Cox states
Detroit Free Press - He said he went public because attorney Geoffrey Fieger had threatened to expose the affair unless Cox dropped a campaign-finance investigation of Fieger. A year later, Cox was elected to a second term. Contact CHRIS CHRISTOFF at 517-372-8660 or

Trial of 9/11 plotters faces hurdles
Miami Herald - Business Monday | National | International | Personal Finance | Technology | Small Business | Friday Business Report Food | Health | Home Nearly six and a half years after the Sept. 11 terrorist attacks, the U.S. is preparing to prosecute six of the men it

Polish deputy finance minister says 2008 budget revenues
Forbes - WARSAW (Thomson Financial) - Poland’s 2008 budget underestimates revenues by as much as 5 bln zlotys and its full-year deficit may come in lower than planned, daily Rzeczpospolita reported this day, citing senior finance ministry officials. ‘Flows to

It’s Eastside vs. Seattle over 520 plan
Seattle Times - They’re hoping to put together a finance plan for the project this session in order to move ahead with construction of the pontoons next year. They’re worried a prolonged fight could push the cost of the bridge beyond the projected $4 billion.

Exchanges in talks to end CBOE seat battle
Chicago Tribune - Time may be against the CBOE, stated Robert Webb, a finance professor at the University of Virginia . “There will be strong demand for CBOE stock, but that investor demand for exchanges is cooling,” stated Webb, who is a former trader at the Chicago

‘Financial infidelity’ is pretty common
Baltimore Sun - Financial infidelity’ is pretty common Eileen Ambrose — Personal Finance Eileen Ambrose February 12, 2008 1 2 next Almost half of the adults in a serious relationship have committed “financial infidelity,” states Yahoo , which conducted an

Gender identity rights on Broward agenda
Miami Herald - Business Monday | National | International | Personal Finance | Technology | Small Business | Friday Business Report Food | Health | Home Stares from strangers. Remarks about how ”weird” she looks. Even getting kicked out of bars and restaurants. Nikki Hatch

FOREX-Euro steadies near lows, spotlight on ZEW
Forbes - European finance ministers on Monday said record-high inflation in the euro zone, while temporary, was of extreme concern, and vowed to help the European central bank stop price hikes from spilling over into higher wages. (Editing by Mike Peacock)

Clinton looking past today’s votes
Seattle Times - I think that clearly things haven’t been going as great as they were with her victories on Super Tuesday, and we can’t wait to get to March 4,” said Alan Patricof, one of Clinton’s national finance chairmen. Clinton will have “a major ad buy” in

9/11 charges to test military legal system
Seattle Times - Ali Abd al-Aziz Ali, accused of funneling thousands of dollars to the hijackers to finance flight training and living expenses in the U.S. Mustafa Ahmed al-Hawawi , alleged to have assisted hijackers in obtaining credit cards and western clothing. Waleed

Taiwan Jan exports up 11.9 pct yr-on-yr vs 19.8 pct rise in Dec
Forbes - TAIPEI (XFN-ASIA) - Taiwan’s exports in January grew 11.9 pct year-on-year to 22.14 bln usd, compared with a 19.8 pct rise to a record high of 23.48 bln usd in December, the Ministry of Finance (MoF) said. Imports in January rose 14.8 pct year-on

Tax cap might go before voters
Miami Herald - The Finance and Tax Committee of the commission’s panel approved the measure, but it still needs approval from 17 of the 25-member panel before it goes on the November ballot. ”Florida governments are experiencing growth like never before and are

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