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Mirant annual net income down to $494 million

Impairment charges brought Mirant Corp.’s profit down 62 percent in 2009.

The Atlanta-based energy company had net income of $494 million and earnings of $3.41 a share, compared with net income of $1.3 billion and earnings of $6.36 a share in 2008.

The results for 2009 include a $207 million impairment charge at the Potomac River generating station, and $47 million in unrealized gains, mostly on hedges. The results for 2008 include $786 million in unrealized gains, principally on hedges…Read full story

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• Foregoing the holy grail of the Super Bowl ad With Super Bowl XLII mere hours away, I was looking around for how much the going advertising rates for the event would be.  This year it's $2.7 million per 30-second slot, up $100,000 from Super Bowl XLI.  This is only a few cents per pair of eyeballs, though; the television......
• Year End Income Tax Guide (Part 1) Part of the hard truth we all have to accept includes death and taxes.  Even Mr. ToughMoneyLove can take only such much hard truth so I choose not to write about death.  That leaves taxes.  This being December, it's time to think about last minute tax strategies for 2008 and......
• Motorola: High No Longer Illinois-based telecommunications company, Motorola has been around for nearly 80 years.  A pioneer in many areas (including FM radio and cell phones), the company has seen its share of success and failures.  More recently, when one mentions Motorola to the younger crowd, they automatically think of cell phones, especially the......
• The cost of not investing I'm somewhat of a nervous investor, which means that in the past I pretty much didn't invest. Oh, I had an IRA and put money into 401(k)s, but that was about it. When I did finally get money that I could have invested elsewhere, I felt better having my money......

AIG posts $8.9 billion loss

By Paritosh Bansal

AIG’s general insurance unit, Chartis, and domestic life insurance and retirement services, SunAmerica Financial Group, showed improvement. But the market remained skeptical, and AIG shares fell 7.4 percent to $25.48 in Friday morning trading on the New York Stock Exchange.

“It could have been a better result,” said Bill Bergman, a senior analyst at Morningstar. “We have seen improvement in housing finance and credit markets in ways that AIG might have benefited to a greater extent than what we saw today.”

The loss shows the U.S. government, which owns nearly 80 percent of the insurer, still has a long wait before it gets back its direct investment in AIG, which includes about $25 billion outstanding under a Federal Reserve Bank of New York credit facility and roughly $45 billion in equity.

AIG reported a fourth-quarter adjusted loss of $7.2 billion, or $53.23 per share, compared with an adjusted loss of $38.5 billion, or $287.69 per share, a year earlier.

Analysts had been expecting a loss of $3.94 per share. It was not immediately clear whether the results were comparable with the estimates, according to Thomson Reuters I/B/E/S…Read full story

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Feb 26th Talk Program Listings

Happy Friday! KBZNZ is broadcasting talk programming to help your business grow. Each weekday listen in to gain ideas and suggestions for financial growth and management; along with insights into the renewable energy industry. Our programming highlights successful businesses from which you can learn business strategies or marketing suggestions nor matter the field. Fundamental ideas help all businesses grow, despite the industry.   You’ll be amazed at the new ideas you can learn from music industry; whose marketing techniques are impressive.  Based on MBR’s guest today, he must be doing something right, something we can learn from.

Our weekly broadcast schedule is now posted; below you’ll find today’s program information. Be sure to visit our pages for business, finance and investment news, and updated news stories from around the world.

Today’s Program Info:

Winning on Wall Street – Tune into Marc Mandel, the Wizard, every Monday through Friday. MARKET SELLS OFF ON JOBLESS CLAIMS (Excerpts from the WOWS Membership’s Daily Market Commentary)

The market is selling off big in early trading. Troubles in Greece, healthcare bill concerns and a disappointing jobless claims number has traders selling bigtime. I am quite surprised that many stocks are hanging in. Traders can trade to the long si…

Sparks to Flame – Sheryl Parks talks Clean Energy/Clean Technology. In the first half hour, Dr. Jeff Schwietzer, former Clinton/Gore science advisor and internationally recognized authority in science, conservation and ethics, talks to us about practical steps to sustainability, why it’s our responsibility and the economic benefits. John Fox of Innovation Fuels talks about their cleaner renewable Biodiesel fuel.

Money Talks – Host Jerry Slusiewicz’s discusses the markets. He discusses the dollar, gold, bonds and the economy and offer solutions to investors to protect their capital going forward in what is still a turbulent time for our society as we wade through the balancing act between recovery or depression.

Business Genies – Max Gregorich speaks with Dick Adams.

BOSS Business Brief – Tax & Business Planning

Join Toby Mathis, a lawyer, entrepreneur, and avid investor and Steve Pellegrino (aka “The Spin Doc”), a lobbyist and media consultant as well as their guests from throughout the business community. Learn how to structure your business, slash taxes, keep from getting ripped off, and other things you wish someone had told you ten years ago with the BOSS Business Brief.

Cheetah Power –  Michelle LaBrosse and Bryne Edwards discuss site considerations for energy efficiency.

Music Business Radio – J-Praize dropped by the Music Business Radio studios to chat with us about urban music, working with 50 Cent, developing new artists, and more.

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• How To Become A Network Marketing Guru We have all heard stories about network marketers bringing people into their business by the truck load online.  I am sure at some point or another you have wondered how is it done? The process can be broken down to 3 easy steps Step 1. First and foremost you have......
• Are Drums a Good Match for You? Some people know when they're still kids that they want to learn to play the drums.  Others seem to end up playing drums in the school band because they're just not interested in any of the other instruments. Some of them look so difficult with all those shiny keys and......
• VOIP Over Satellite Internet: A White Paper from Galaxy Broadband Communications Voice over IP (VoIP) Over Satellite A White Paper by Galaxy Broadband Communications Inc. April 2007 Voice over IP or VoIP is fast becoming accepted as a communications platform. The purpose of this paper is to describe the particular challenges with VoIP over satellite, including the inherent latency of satellite......
• What's your Mix? Music to Workout To Once in a while you will run into someone who likes to listen to talk radio or audiobooks while working out. For most of us, however, we'd prefer music. With the right mix, our intensity increases, we can push or pull more weight run harder. What does it for each......

H&R Block prepares fewer tax returns, won’t meet fiscal 2010 expectations

The recession and continued high unemployment have prompted more people to opt for saving money by preparing their taxes themselves, according to preliminary tax season results H&R Block Inc. released Wednesday.

That means H&R Block (NYSE: HRB) won’t reach its previous expectations for fiscal 2010. But CEO Russ Smyth said in a release that H&R Block is “aggressively targeting” the millions of clients who have yet to file their returns.

The news sent the company’s stock price tumbling as much as 19.4 percent to a low of $15.90 on Wednesday, from its Tuesday close of $19.73 a share. H&R Block shares closed at $17.32, down 12.2 percent, according to Yahoo Finance.

The Kansas City-based tax services giant has prepared 6.3 percent fewer tax returns — 10.06 million — through Feb. 15 than during the same span last year, when H&R Block prepared more than 10.7 million tax returns…Read full story

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• Finding the Hard Truth on Your Federal Tax Burdens If you are a taxpayer (and barely a majority of working adults are), we are in the midst of a "perfect tax storm."  First, we have entered the traditional "tax season" where accountants (such as my sister) put in lots of extra hours preparing returns while trying to keep their......
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• Athlete Profiles: Serena Williams The youngest of the famous Williams sisters, Serena was born in 1981. She and her sister have made history many times and currently, Serena is ranked number 1. They frequently play against one another and finding someone that can beat either one of them is no easy task. Serena has......
• If You Like H&R Block's TaxCut... ...you might want to leave comment on this post. Two people who make the effort to do such a thing may find an e-mail in their in-box. The e-mail may include a code for a free copy of the H&R Block's Premium Online tax software. Even if you did get......

Bloom Energy fuel cell debut has center stage

In a rarely seen flood of interest in a previously little-known company, Bloom Energy Corp. officially unveiled what it calls a break-through in fuel cell technology on Wednesday.

The Sunnyvale company lifted the veil slightly in a “60 Minutes” episode on Sunday that triggered a wave of inquiries about what it does. The video can be seen by clicking here.

Among those on hand Wednesday were Gov. Arnold Schwarzenegger and Colin Powell, the former secretary of state, and prominent venture investor John Doerr. Both Powell and Doerr are members of Bloom’s board….Read full story

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• Experts dispute doctor's stem cell breakthrough claim SANTIAGO, Dominican Republic (CNN) -- This Caribbean city already known for cigars, furniture, chocolate and coffee may become a magnet for Americans seeking controversial stem cell therapy for life-threatening illnesses if a Florida cardiologist has his way. The Food and Drug Administration has not approved this stem cell therapy......
• The Weakonomist Does Some Polling Over the weekend, The Weakonomist was as busy as Fox News Team Politics at the GOP Convention.  Only I was doing something productive and I don't have my lips attached to the rear-end of the party.  See I hired a polling company that had some spare time in between......
• Saving Fuel with Hybrid Electric Cars Hybrids are made to operate in all of the same conditions and temperatures that standard automobiles are, while being powered by multiple fuel technology. The use of a rechargeable energy cell system supplements the gasoline engine for propulsion. The basic principals are not hard to understand: hybrid automobiles use the......
• Macau Company Registrations On The Way Up Information from the Statistics and Census Service showed that in 2006, 3,110 newly incorporated companies were established, with MOP557.63 million in registered capital. Compared with 2005, the number of newly incorporated companies went up 1.2% whereas their registered capital decreased by 6.4%. These newly incorporated companies were mostly in the......

Stock market plunges on U.S. data and Greece woes

The stock market plunged on Thursday as fresh Greece concerns and disappointing U.S. economic data weighed on investors.
The S&P 500 Index dropped 16.95 points, or 1.53 percent, to trade at 1,088.29 at 10:09 am. The Dow Jones Industrial Average dropped 173.74 points, or 1.67 percent, to trade at 10,200.42.

The American Depository Receipts (ADRs) of National Bank of Greece (NYSE:NBG) lost 5.03 percent. JPMorgan (NYSE:JPM), one of the top gainers of the Dow on Thursday, lost 2.72 percent.

Commodities were hard hit, with oil futures falling 2.44 percent and copper futures falling 1.87 percent. Suncor Energy (NYSE:SU) fell 3.50 percent and the ADRs of Rio Tinto (NYSE:RTP), the mining giant, fell 3.44 percent…Read full story

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• Signs That Indicate Our Economy Is About To Collapse. A reader passed this along to me, and I am still waiting for the link to where it came from (if he did not write it himself; it was all that was in the email), but I found it to be pretty interesting and wanted to post it here. Seems......
• Global Markets Crash: All Non-Correlated Markets Converge In A Downturn Following the decline in the US markets and a show of no-confidence in Bush's Economic Recovery Plan, global markets crashed in unison. According to Yahoo! Finance: Britain's benchmark FTSE-100 slumped 5.5 percent to 5,578.20, France's CAC-40 Index tumbled 6.8 percent to 4,744.15, and Germany's blue-chip DAX 30 plunged 7.2 percent......
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Thursday’s Talk Program Guide

Looking for quality business programming? KBZNZ brings you business programming to help aid with your business and financial growth. Each weekday you’ll find quality stock market updates, and financial instruction, energy saving tips and management information.

KBZNZ doesn’t stop here; visit our links for business experts helping you succeed in marketing, customer service, finance and much much more. You’ve come to the right place for business news links from around the world. Maybe you’re looking for up to the minute business, finance and investment news? KBZNZ offers you one stop for the latest information. We’re always on the lookout for writers interested in providing original business articles providing an awesome business resource for you. Interested in contributing? Contact us at info@kbznz.com.

Today’s Radio Broadcast Information:

Winning on Wall Street – Tune into Marc Mandel, the Wizard, every Monday through Friday. MARKET SELLS OFF ON JOBLESS CLAIMS (Excerpts from the WOWS Membership’s Daily Market Commentary)

The market is selling off big in early trading. Troubles in Greece, healthcare bill concerns and a disappointing jobless claims number has traders selling bigtime. I am quite surprised that many stocks are hanging in. Traders can trade to the long si…

Cheetah Power – New Episode – Michelle LaBrosse and Bryne Edwards discuss site considerations for energy efficiency.

BOSS Business Briefs – Customer Retention (New Episode FRIDAY)

Join Toby Mathis, a lawyer, entrepreneur, and avid investor and Steve Pellegrino (aka “The Spin Doc”), a lobbyist and media consultant as well as their guests from throughout the business community for the next hour. Learn how to structure your business, slash taxes, keep from getting ripped off, and other things you wish someone had told you ten years ago with the BOSS Business Brief.

Business Genies – Encore Presentation- Hosted by Max Gregorich welcomes Cheryl Ann Seminara, Phd for part 2 of a 2 part series. Dr. Seminara serves as Director for the Department of Homeland Security’s Academy and for the Center for Academic and Agency Outreach. She also leads her own business consulting firm specializing in strategic planning, organizational development, training and education. In her own words, Dr. Seminara is a person who “likes a challenge.” In her role with DHS, she coordinates seven Master’s degree programs for DHS employees, co-leads Efficiency Review efforts on behalf of the DHS Chief Human Capital Officer, and manages strategic partnerships between DHS and academic institutions.
At the helm of her business consulting firm, she’s focused on assisting small and mid-sized businesses enhancing efficiency. New Episode Friday, Feb. 26th.

Questions – contact us at info@kbznz.com.

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Atlas Pipeline Partners, Holdings post 4Q losses

By Peter Key

Atlas Pipeline Partners LP dramatically reduced its fourth-quarter loss, primarily because its loss in the fourth quarter of 2008 was caused by a one-time charge.

The Philadelphia-based natural gas gathering and processing partnership said Tuesday evening that it posted a loss of $36.2 million attributable to its common limited partners and general partner in the fourth quarter of last year. That amounted to a loss of 70 cents per fully diluted common limited partner unit, which is a partnership’s equivalent of a share.

Atlas Pipeline Partners (NYSE:APL) posted a loss of $456.3 million attributable to its common limited partners and general partner in the fourth quarter of 2008. That amounted to a loss of $9.73 per fully diluted limited partner unit. Those results included a goodwill impairment loss of $676.9 million and a $164 million mark-to-market gain on derivatives…Read full story

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Bloom Energy fuel cell debut has center stage

In a rarely seen flood of interest in a previously little-known company, Bloom Energy Corp. is set to officially unveil what it calls a break-through in fuel cell technology on Wednesday.

The Sunnyvale company lifted the veil slightly in a “60 Minutes” episode on Sunday that triggered a wave of inquiries about what it does. The video can be seen by clicking here…Read full story

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Bloom Energy to unveil energy-in-a-box today

Bloom Energy produces Bloom Boxes which are refrigerator-sized personal power plant that produces energy cheaply and cleanly. The founder, K.R. Sridhar, told CBS’ 60 Minutes that it may one day replace the traditional power grid.

The company plans to debut the Bloom Box at an event featuring board member Colin Powell, former U.S. Secretary of State, and California Governor Arnold Schwarzenegger.

“I’ve seen the technology and it works,” said Powell during a recent interview with CBS’s 60 Minutes. “I think the Bloom Boxes will make a significant contribution to…the transformation of our energy system.”

The event is being held at eBay’s San Jose headquarters at 8:30 a.m. PST. eBay says it has been running a test batch of Bloom Boxes for the past nine months, and has saved 100,000 since it started using it.

These Bloom Boxes are already powering Google, eBay, Walmart, Staples, Federal Express and 15 other top-tier energy consumers, according to Bloom Energy….Read full story

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