Unstructured Finance

Borders looks to beef up reader loyalty

December 31, 2009

BORDERSBOOKS

(Oops, we got a first name wrong-ed)

U.S. bookseller Borders has created a new vice president of customer loyalty position in an apparent effort to ramp up for its upcoming e-bookstore as it seeks to catch up to rivals Amazon.com and Barnes & Noble Inc in the race to win the e-books market.

Bad year for telecom counters

December 31, 2009

TELECOMS INDIA INVESTMENT

Telecom stocks had a bad year with top counters such as Bharti Airtel and Reliance Communication slipping 8 and 23 percent respectively in 2009.

Check Out Line: The Swiss drinks fight

December 31, 2009

Check out the battle brewing between iced tea and hot cocoa.

ConAgra Foods filed a suit against Dean Foods over the common look of their “Swiss” drink packaging.  ConAgra asserts that Dean’s Swiss Premium iced teas infringe its trademark for Swiss Miss hot cocoa products, Reuters’ Jonathan Stempel reports.

GMAC plays its too-big-to-fail card… again

December 31, 2009

The Treasury, as major shareholder of such credit boom casualties as Citigroup and General Motors, showed with its $3.8 billion infusion into GMAC that it can still be counted on to safeguard the financial system from systemic collapse. The auto-loan company, which had dutifully spread its wings into mortgages in the housing boom, wound up becoming a bank to qualify for TARP bailout funds a year ago – the day after Christmas 2008, to be precise. How could Treasury say no?

The afternoon deal

December 30, 2009

MARKETS/Why do today what you can put off until tomorrow? This message was repeated throughout the day with GM extending its deadline for Saab bids, Britain’s Takeover Panel granting Cadbury three more days to publish 2009 results and Japan Airlines stock continuing a long slide with growing expectations the company is heading for bankruptcy.

Small-cap stocks trade firm in a lacklustre market

December 30, 2009

INDIA-BUDGETThe BSE Small-Cap Index gained over 1 percent on Wednesday even as the overall market ended weak, with the Sensex slipping 58 points.

Saab rolls into 2010

December 30, 2009

Saab workers are probably reminding themselves it is always darkest just before the dawn, which takes a lot longer to arrive in the Scandinavian winter than anywhere else. With the lights set to start going out at Saab plants, word surfaced that parent General Motors’ Dec. 31 deadline for bids was being extended into early January.

Check Out Line: Customers happier with online shopping

December 30, 2009

Online shopping Check out the retailers that kept their shoppers happy this season.

According to ForeSee’s annual report on holiday shoppers, customers were more satisfied with online shopping this year.

The afternoon deal

December 29, 2009

JORDAN/Clarity is in short supply today when it comes to IPOs.  Two companies filed for inital public offerings worth $100 million and $300 million on Monday, underscoring an impression of  investors growing more comfortable with companies they may have deemed too risky in 2009.

Reliance Power jumps

December 29, 2009

INDIA ENERGY

Shares in power and utility firm Reliance Power jumped nearly 5 percent on Tuesday after the company said it expected to start generating more than 3,000 megawatts of power by 2012.