Monday, January 11, 2010

Hollingsworth Daily Post


Dubai's First Foreclosure Opens Floodgates in World's Worst Housing Market Dubai’s housing rout sent prices down 52 percent in the past year, prompting some homeowners to abandon their cars and mortgage payments and flee the country. Not one received a foreclosure notice.Daimler's Smart Car Proves Not So Clever as BMW Mini in Size-Obsessed U.S. Daimler AG’s two-year effort to win over U.S. drivers with a thrifty, plastic-clad minicar is running out of steam, adding urgency to the German automaker’s effort to find a partner for the Smart brand.Census May Jump-Start U.S. Jobs Rebound With 1.2 Million Temporary Workers The 2010 census couldn’t have come at a better time for the U.S. economy.London's Investment Banks Double Pay to Lure Back Talent From Small Firms London’s investment banks are luring back traders and analysts they lost to brokerage firms during the credit crisis, compensating for lower bonuses by as much as doubling base salaries.Kraft-Cadbury Takeover's Failure Would Test the Future of Contending CEOs Kraft Foods Inc. Chief Executive Officer Irene Rosenfeld and Cadbury Plc CEO Todd Stitzer disagree on the merits of merging their companies. They’ll both need to prove themselves if the deal falls through.Turner's Plan to Curb `Socially Useless' Trades Makes U.K. Bankers See Red Sitting in his London office, Adair Turner is a study in gray eminence. A charcoal wool suit complements his silver fringe of hair, and he’s framed by a window that looks out to a leaden winter sky punctured by steely skyscrapers. The towers are home to Barclays Plc, HSBC Holdings Plc and other lenders Turner watches over as chairman of the U.K. Financial Services Authority, Britain’s financial regulator.Yahoo's Bartz Gives Herself a B-Minus After Not Moving Fast Enough as CEO Carol Bartz gives herself a B-minus in her first year as chief executive officer of Yahoo! Inc., saying she could have moved faster to reorganize the company and strike a Web-search agreement with Microsoft Corp.GM Meeting Whitacre Profit Goal Means Boosting Sales of `Critical' Sedans General Motors Co. is cutting prices and reworking ads to revive sales of two sedans that executives consider vital to meeting Chairman Ed Whitacre’s goal for a 2010 profit.British Election Pits Brown's Rhododendrons Against Cameron's Wellington While Prime Minister Gordon Brown and opposition leader David Cameron clash on how to revive the economy, the first overhaul after this year’s British election may be more about fine art than finance.Spending Bonus Cash Becomes Risky for Executives as Clawback Rules Spread Many U.S. executives opening their 2009 bonus envelopes will find something extra this year: more conditions on whether they can keep their money or stock.Iceland President Grimsson Attacks Fitch for Cutting Credit Rating to Junk Iceland President Olafur R. Grimsson struck out at Fitch Ratings after the service cut the nation’s sovereign grade to junk following his decision to block a U.K. and Dutch depositor bill.

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