Business news for Mon, 17 Dec 2007 & with word money. 36 news.

STATE energy, telecommunications and tobacco companies will be paying the highest portion of their profit as dividend to the central government from next year, reflecting their monopoly status. Twelve energy firms, including China National Petroleum Corp and State Grid Corp of China, five telecom operators led by China Mobile Communications Corp, and the China National Tobacco Corp are in the first category which has to pay 10 percent of their net profit, the State-owned Assets Supervision and Administration Commission said yesterday. China plans to start collecting dividends from the 150-plus state firms under the central government's direct control starting next year, with the money used to finance the nation's strategic planning and for social security purposes, the State Council, or China's Cabinet, has said. Another 99 large state-owned enterprises directly controlled by the central government, including metal producers and air carriers, which come into the second category,

Following up on its vow to raise money by selling its drugs to other companies, PDL BioPharma of Redwood City announced today that a Japanese company has agreed to buy a PDL drug used in bone marrow transplants for $200 million in cash.

Federal investigators are examining whether some insiders pulled money out of Bear's troubled hedge funds, while others were blocked from doing so

Banks that lent to failed hedge fund Basis Yield Alpha, run by Australia's Basis Capital, are likely to get all their money back and there could be a payment to investors, the fund said

Americans love to buy things, but retailers are finding it's increasingly hard to make any money at it. The Financial Page, by The New Yorker's James Surowiecki

Its been a turbulent year for investors. We examines what has happened to investors' money in 2007 and our panel of experts gives its verdict on what's in store for 2008

By Mary Rivas. "Gone are the days when you only needed to know about stocks and bonds to make money in the financial markets. ith revolutionary changes taking place in the global economy and investment industry, you can not afford to ignore commodities. "

Chevron Corp. has refused to put more money into a biodiesel plant in Galveston, breaching its contract and forcing the plant's owners to "dramatically" scale back expansion plans, a lawsuit alleges.

Just how much money does Israel owe the world? The Bank of Israel says that's $26 billion. ...

A charity is selling rings emblazoned with swastikas to raise money for World War II veterans

Gregg Brewer, executive director of research at Value Line, says that investors can learn a lot from the Frontier Micro Cap fund, one of the worst mutual funds in history. With a double-digit expense ratio, a paper-thin investment premise and dreadful performance, the fund Brewer made "Value Line Mutual Fund of the Week" is the poser child for everything that can go wrong in a fund. And speaking of things going wrong in mutual funds, Chuck Jaffe discusses part 2 of his annual Lump of Coal Awards.

Bob Dhillon, who is well on his way, to becoming the first Sikh billionaire in North America, shares the secrets of his success.

Dear FSB: I am in the process of creating a socially responsible business. It is currently a sole proprietorship. However, I would like to change it to a nonprofit with tax-deductible status. What is the best way to go about doing this with limited startup money?

You can tell a lot about candidates from how they made their money and how they invest it.

A second network is returning money to advertisers in the face of hefty ratings declines this season. The CW was forced to put the process in motion as ratings sputtered deep into the fall, preventing the network from making good on unfulfilled guarantees going back to last season.

The haggling has already begun on Capitol Hill over the next federal transportation bill — a huge pot of money that gets divvied up every five years to finance highway construction, railroad improvements, bridge repairs and other critical infrastructure projects nationwide. The last time a ...

Banking institutions that cater to high net worth families are discovering that helping clients give money away helps the banks, too. The Chicago offices of Goldman Sachs Group Inc., J. P. Morgan Private Bank and Harris Private Bank, among others, have hired philanthropy experts to offer guidance ...

Security experts have no trouble explaining ways criminals try to separate wealthy clients from their money. There are plenty of real-life examples: attempts to extort money from Michael Bloomberg before he became mayor of New York or the kidnapping of Sears Holdings Corp. Chairman Edward ...

I'm really not sure about this, you know? Plans by ministers to wrest key powers from the Bank of England for use during any future crisis in the banking system emerged yesterday amid fresh signs of tensions with the Treasury. Alistair Darling, the Chancellor, is considering reforms that would allow him to take control of all decisions during an emergency such as the one that triggered the run on Northern Rock. Treasury sources confirmed that this would include injecting extra funds into the money markets, traditionally an operational matter for the Bank, as well

Anatole Kaletsky’s column this morning offers the latest thinking on the current financial crisis. As Kaletsky notes it is threatening to move from a liquidity problem to a solvency one. The biggest dilemma that this will pose is that, “central bankers will soon face a choice between two unappealing alternatives: stabilise their financial systems with public money or cut interest rates much more steeply to keep the world economy afloat. Since central bankers around the world are justifiably reluctant to keep slashing interest rates at a time when global inflation remains uncomfortably high, they are likely to see bank bailouts