 
GRAHAM BOWLEY
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NYT
The travails of Dubai have some economists wondering where other debt bombs might be lurking.
discussions
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DEALBOOK
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DealBook
Dubai World Says Debt Negotiations Only Cover Nakheel
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Officials in the United Arab Emirates tried Tuesday to calm investors and the public over the Dubai World debt crisis, and the company itself said it was seeking to renegotiate only the obligations held by its troubled real estate developer, Nakheel.
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Dealbreaker
Prince Alwaleed Thinks Banks Should Quit Their Dubai Bitching
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Prince Alwaleed bin Talal, the billionaire Saudi investor, said banks that made loans to Dubai World should have understood the risks they were taking and can't claim to be victims of the emirate's debt crisis. "These banks are very mature banks, and they have to differentiate between a corporate loan and a sovereign loan," Alwaleed, 54, said ...
The Independent
Sheikh attacks investors for global fallout of Dubai debt
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The ruler of Dubai hit out at international investors yesterday as his government's impecunious investment vehicle revealed plans to restructure $26bn of its debts. Sheikh Mohammed al-Maktoum said: "They do not understand anything."
Sara
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Curbed NY
On The Racked: Barneys Might Not Be Dubai's For Long, Win A Free Clutch, More!
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And now, the latest from Racked , covering shopping and retail from the sidewalks up. [The Fifth Avenue star/snowflake is back.] 1) New York City: It's not just high-profile residential and hotel properties like Essex House and W Union Square that could be in trouble thanks to Dubai's debt crisis. Barneys , currently owned by Dubai's Istithmar, ...
DEALBOOK
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DealBook
Dubai: Big Risk, Little Reward
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From Floyd Norris: Why lend money at low rates to a borrower who has no real legal duty to repay? That is one of the big questions of the Dubai mess.
Business and financial news
Where's the next Dubai?
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Dubai's not the only onetime highflier that risks drowning in debt.
Tim
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The Mess That Greenspan Made
It's a Dubai world
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There is excitement in the air at CityCenter in Las Vegas as CEO Bobby Baldwin talks with Fox Business News about the grand opening this week. That Dubai World is a major investor in two potential White Elephants - CityCenter in Las Vegas and the entire city of Dubai - somehow makes sense in this day and age.
Mark Thoma
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Economist
The Ascent, Fall, and Limits of Dubai
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Kenneth Rogoff and Edward Glaeser on Dubai. They are both more optimistic about Dubai's future than I thought they'd be: The Limits of Dubai, by Kenneth Rogoff, Commentary, Project Syndicate: Global investors are in a giant huff over Dubai’s decision...
Finance and Business. Latest breaking news
Dubai ruler lashes out at international investors
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Stock markets in the Gulf plunged again on Tuesday despite concerted efforts by the ruler of Dubai to restore confidence in its debt-laden economy.
Finance and Business. Latest breaking news
Dubai's most pressing project is to bridge the communication gulf
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The homespun philosophy of Mohammed bin Rashid Al-Maktoum did little to calm nerves on Tuesday with the Dubai stock market adding to Monday's 7pc tumble with a further 3pc decline. Investors must hope that a four-day holiday for Eid breaks the fall before the Dubai bourse reopens on Sunday.
NPR Topics
Dubai Tries To Calm Investors, But Concerns Remain
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Most financial markets have shrugged off Dubai World's announcement last week that it needed help repaying its debts. Since the announcement, the conglomerate has moved to restructure some $26 billion of its debt. Outwardly, Dubai is defiant and upbeat, but privately some people are very worried.
TIME.com Top Business Stories
Will Dubai's Financial Problems Spread Around the Globe?
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Dubai's government announced Thursday it would halt its debt repayments ahead of a $4 billion bill due in a couple of weeks. Is this the beginning of the next crisis? Maybe not
Alphaville
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Pfblogs.org
Alwaleed: banks got Dubai wrong
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Prince Alwaleed bin Talal, the billionaire Saudi investor, said banks that loaned money to Dubai World can’t claim to be victims of the emirate’s debt crisis because they should have understood the risks, reports Bloomberg. Alwaleed told Bloomberg TV that the banks involved were “very mature banks”,... ...
Alphaville
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Pfblogs.org
Creditors mobilise on Dubai debt plan
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Bondholders and creditors including top hedge funds and banks have formed a group in response to Dubai World’s $26bn restructuring plans, even as Dubai’s ruler on Tuesday insisted that his debt-laden emirate’s economy remained sound. The move highlights concerns that Dubai World’s request last week for a debt standstill could develop into ...
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BILL VLASIC
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NYT
The move to replace Fritz Henderson, who had appeared to be making some headway, stunned the auto industry.
discussions
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DEALBOOK
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DealBook
Henderson Resigns as Chief of G.M.
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General Motors said Tuesday that its chief executive, Fritz Henderson, is resigning and will be replaced on an interim basis by the automaker's new chairman, Edward Whitacre Jr.
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Chicagotribune.com
General Motors chief steps down
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Fritz Henderson is 2nd CEO to leave this year; Chairman Ed Whitacre to lead in interim -- General Motors Co. Chief Executive Fritz Henderson has resigned, the company announced Tuesday, marking the loss of its second CEO this year.
NPR Topics
GM CEO Resigns
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General Motors' CEO Fritz Henderson resigned Tuesday after eight months at the helm of the largest U.S. automaker. The company's chairman, Ed Whitcare, will serve as interim CEO.
Latest financial news
GM chief Fritz Henderson resigns
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In a surprise move, General Motors chief executive Fritz Henderson resigned Tuesday, giving the battered government-owned automaker its third boss in less than a year.
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What I am seeing and hearing on the news -- the reappointment of Bernanke -- is too hard for me to bear. I cannot believe that we, in the 21st century, can accept living in such a society. I am not blaming Bernanke (he doesn't even know he doesn't understand how things work or that the tools he uses are not empirical); it is the Senators ...
discussions
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Alphaville
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Pfblogs.org
Bernanke set for confirmation grilling
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Ben Bernanke is likely to face tough questioning when he appears before the Senate banking committee on Thursday seeking confirmation for a second term as Federal Reserve chairman. While there is little doubt he will be confirmed, congressional officials say the hearings will highlight concerns about the Fed,... ...
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DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire United States, while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the ...
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Calculated Risk
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The Money Blogs
ISM and Manufacturing Employment
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From the ISM Manufacturing report on employment: ISM's Employment Index registered 50.8 percent in November, which is 2.3 percentage points lower than the 53.1 percent reported in October. read more »
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Take advantage of this special offer today and get immediate, complete access to the unbiased advice and first-rate analysis from the investment pros at RealMoney.
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RealMoney
A Nuclear Family of ETFs
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Take advantage of this special offer today and get immediate, complete access to the unbiased advice and first-rate analysis from the investment pros at RealMoney.
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RealMoney
Will Japan Have Another 10 'Lost' Years?
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Take advantage of this special offer today and get immediate, complete access to the unbiased advice and first-rate analysis from the investment pros at RealMoney.
TIME.com Top Business Stories
Health Care: Why Small Business Is Opposing Reform Bills
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When it comes to finding quality, affordable health insurance, few have it worse than small-business owners and their workers shopping for coverage on the open market
CFO.com
All Eyes on Reform
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It's a paradox: For years, CFOs have bemoaned the continually rising cost of health care and have spent countless hours assessing what percentage of those costs can be passed through to employees. Yet when talk turns to reform efforts, many CFOs are lukewarm about the prospect, if not openly hostile.
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By ALI AKBAR DAREINI
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SFGate
Iran released on Wednesday five British sailors who were detained last week when their 60-foot racing yacht drifted accidentally into Iran's Persian Gulf waters and was seized. The elite Revolutionary Guard, whose navy had stopped the vessel, interrogated the... Iran - Persian Gulf - Middle East - Society and Culture - Business and Economy
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Www.nypost.com
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NY Post
Someone claiming to be the daughter of fallen General Motors CEO Fritz Henderson had some choice words for her dad's former boss and employer following yesterday's announcement that Henderson was stepping down, asserting in colorful language that Hen...
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KAJA WHITEHOUSE
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NY Post
GM is off the fritz
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General Motors yesterday lost its second designated driver as CEO Fritz Henderson abruptly and unceremoniously resigned amid mounting dissatisfaction with the company's efforts to make repairs. Henderson, a veteran GM exec, quit following a board m...
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StarTribune.com Business
New CEO takes wheel at troubled GM
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DETROIT - GM's board and CEO Fritz Henderson parted ways Tuesday, the board upset that the automaker was changing too slowly and Henderson frustrated with second-guessing, two people close to Henderson said.
Reuters
GM CEO Henderson departs in shakeup by board
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DETROIT (Reuters) - General Motors Co's chief executive Fritz Henderson abruptly resigned on Tuesday, after the company's board decided the automaker needed to push its restructuring faster under new leadership.
The Seattle Times
GM board, CEO Henderson split over pace of change
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GM's board and CEO Fritz Henderson parted ways Tuesday, the board upset that the automaker was changing too slowly and Henderson frustrated with second-guessing, two people close to Henderson said.
Alphaville
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Pfblogs.org
Henderson ousted from GM
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General Motors ousted Fritz Henderson as chief executive on Tuesday night in a surprise move that will see the ailing US state-controlled carmaker get its second new boss in less than a year. GM directors - including Ed Whitacre, chairman and now interim chief executive, and David Bonderman, co-founder of private equity firm TPG – decided that ...
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DEALBOOK
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DealBook
By selling its stake in NBC Universal, Vivendi will be able to shed the last remaining piece of the acquisitive legacy of its former chief executive and use the proceeds to search for growth in emerging economies, analysts said Tuesday.
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DEALBOOK
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DealBook
With Deal, G.E. Clears Path to Sale of NBC
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General Electric has reached a tentative agreement with the French media conglomerate Vivendi that clears the way for the sale of NBC Universal, including the flagship NBC network, to Comcast, the nation's largest cable operator, people briefed on the deal said.
RICHARD SANDOMIR
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NYT
Sports Business: With NBC, Comcast Zeros in on ESPN
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The company’s impending acquisition of NBC Universal will certainly set off an effort to turn Comcast’s sports channel, Versus, into a viable alternative to ESPN.
Alphaville
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Pfblogs.org
No cash for Vivendi in NBC deal
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Vivendi will not receive any cash upfront from General Electric for its stake in NBC Universal under a $5.8bn proposed deal agreed this week. GE will pay more than its original offer of about $5bn for the French media group’s 20% stake in NBCU but delay payments until at least late next year. The deal came despite an earlier contract that each ...
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November's U.S. auto sales rose some, and several auto execs said they're cautiously optimistic that things will start to improve ...
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Yahoo! News
U.S. auto sales edge up, led by Hyundai boom
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Reuters - U.S. auto sales edged higher in November, led by an outsized gain for Hyundai Motor Co (005380.KS) and mixed results for rivals in a trend automakers said pointed to a grudging recovery in the U.S. economy.
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Blogs.technet.com
Reports of Issues with November Security Updates
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We’ve received questions about public reports that customers might be experiencing system issues with the November Security Updates (which some are referring to “Black Screen” issues). We’ve investigated these reports and found that our November Security Updates are not making changes to the system that these reports say are responsible ...
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From Diani Olick at CNBC: FHA to Toughen Mortgage Rules in Lenders Crackdown (ht Brad) ... the Federal Housing Administration is proposing new rules to crack down on lenders and asking Congress for the authority to raise certain borrower requirements ... Those steps will include raising minimum borrower FICO scores, requiring larger down payments,
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The Seattle Times
Congress scrambles to extend estate tax
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Next year had been shaping up as a great year to get a big inheritance - no federal taxes on it. Congress, however, has other plans for the few wealthy heirs expecting a big boon. Uncle Sam may take a 45 percent cut after all.
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At a surprise policy board meeting on Tuesday, the Bank of Japan announced it would offer up to Y10,000bn ($115bn, €77bn, £70bn) in cheap, three-month loans to commercial banks, an easing of monetary policy it said would “firmly support“ the recovery of the world's second-largest economy.
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Alphaville
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Pfblogs.org
BoJ offers banks cheap loans
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The Bank of Japan announced at a surprise policy board meeting on Tuesday that it would offer up to Y10,000bn ($115bn) in cheap, three-month loans to commercial banks, an easing of monetary policy it said would “firmly support“ Japan’s fragile economic recovery. But the BoJ’s attempt to boost liquidity disappointed markets and was ...
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Joseph Lazzaro
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BloggingStocks
Bank of Japan implements modest credit facility as deflation deepens
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Filed under: International markets , Japan The financial markets received another deflation data point Tuesday, and it's not a minor one. The Bank of Japan said it will begin a 10 trillion yen ($115 billion) quantitative easing program to commercial banks to fight deflation, Bloomberg News reported Tuesday. Japan, still grappling with price ...
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Asian stock markets advanced on Wednesday after mostly positive US economic figures boosted confidence in the recovery and as gold surged to another new record.
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By MIN LEE
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SFGate
Top Asian cameraman expresses distaste of digital
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A top Asian cinematographer has expressed his distaste for digital cameras in a recently released book, complaining about having to use them to shoot an adaptation of Haruki Murakami's hit novel "Norwegian Wood." Cannes-winning Taiwanese cameraman Mark Lee... Haruki Murakami - Norwegian Wood - Shopping - Arts - Arts and Entertainment
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Alphaville
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Pfblogs.org
Overnight markets: Up again
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Asian stocks rose for a third straight day on Wednesday, reports Bloomberg, lifting the MSCI Asia Pacific Index to a six-week high as commodity prices increased. Futures on the S&P500 Index were little changed after the gauge rose 1.2% on Tuesday as concerns over Dubai World's debt crisis eased. Figures showing that pending sales of US existing ...
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ZACHERY KOUWE
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DealBook
The hedge fund industry has expressed serious concerns over a new provision of the the House financial regulatory overhaul bill that requires some private investment pools to pay into a fund that could be used to rescue systemically important financial institutions.
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Dealbreaker
Goldman: Quant Hedge Funds Have To Do Better, Be Less Quant-y
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Quantitative hedge funds, which really stunk up the joint two years ago, are getting some tough love from a guy who knows just how bad it can get. Robert Litterman is head of quantitative resources at Goldman Sachs Asset Management, which in 2007 watched its Cadillac of hedge funds, Global Alpha, turn into a Yugo . And as he sees it, from his ...
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Alphaville
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Pfblogs.org
Citi vets start hedge fund
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Four founding partners of former Citigroup hedge fund Old Lane, including its ex-CEO Guru Ramakrishnan, have launched one of the biggest US hedge-fund start-ups of the year, reports the WSJ. The NY-based fund, Meru Capital Group, started trading Tuesday with some $300m in capital, more than $75m of it from Ramakrishnan – a former head of global ...
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NELSON
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NYT
A big tax break may draw buyers, but it is not certain they can be persuaded to make the switch.
related items
The pace of recovery in the British manufacturing sector slowed last month, according to a survey of purchasing managers, as demand for new orders eased sharply.
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David Lewbin
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Triple Pundit
The second Corporate Water Footprinting Conference splashes down in San Francisco this December 2-3 and I’ll be there to report on how companies like Patagonia, Pepsi, BC Hydro, Raisio, and Intel are addressing water risks and opportunities in their operations and to their brands. The other two primary H2O stakeholder groups; government ...
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LLC.
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Financial Services
AMB Property Corporation Announces Results to Date and Amendment of Tender Offer for Notes of AMB Property, L.P.
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SAN FRANCISCO, Dec. 1 /PRNewswire-FirstCall/ -- AMB Property Corporation (R) (NYSE: AMB) announced today that, as of 5:00 p.m., New York City time, on Tuesday, December 1, 2009 (the "Early Tender Date"), a total of approximately $168.9 million in aggregate principal amount of AMB Property, L.P.'s outstanding 6.30% Notes due 2013, 5.90% Notes due ...
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Buy at 378p (this week 382p), advises Deutsche Bank. Following recent full-year results from this low-cost airline group, the broker has reiterated its positive investment stance. The results materialised in line with expectations, with revenue per seat rising by 4.1pc on a constant currency basis, outperforming rivals.
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By TOM KRISHER and KEN THOMAS
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SFGate
The leader of the new General Motors was done in by an old problem at the nation's largest car maker: Change wasn't happening fast enough. GM's board and CEO Fritz Henderson parted ways Tuesday, the board upset that the automaker's turnaround wasn't moving... General Motors - Chief executive officer - Associated Press - Chairman - Employment
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NPR Topics
CEO Henderson Resigns From General Motors
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Frederick Henderson succeeded Rick Wagoner on March 29 after the Obama administration ousted GM's former CEO as the company worked through a government-led reorganization. He spent the next few months working with the government to reorganize the automaker outside of bankruptcy, but eventually took GM into Chapter 11 protection in June.
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Ralph Alvarez cites health problems for his decision In a move that surprised McDonald's Corp. watchers and raises succession questions, Ralph Alvarez, the company's second-highest-ranking officer and potential heir to the chief executive suite, will retire Dec. 31 because of health problems.
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All, and I mean all, federal employees and elected officials and their families must use the federal insurance being provided by the … read more federal government under this health care bill if it is approved.
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