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BT criticised by Court for failing customers

British Telecom faced heavy criticism by a London Judge today (25/04/2007) for failing its customers and not responding efficiently enough when it had power to do so. In a terse judgment, BT were ordered to pay costs to Capital Fortune Mortgage Advisers and the national telecoms provider were held to be in clear breach of contract. The battle began some 10 days ago when incompetent BT engineers mistakenly cut off the award winning www.capitalfortune.com' target='_blank'>Mortgage Brokers Internet connection at its London based service centre. The action caused the loss of thousands of pounds and left homeowners across the capital unable to complete their mortgages. There were fears that BTs actions could push the Company to the brink of bankruptcy threatening legal action and costs if the London mortgage brokers did not back down.

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Payless hopes Tailwind line of shoes pushes it to victory

Payless ShoeSource Inc. has paired with a subsidiary of Nike Inc. to market a high-performance $34.99 running sneaker, a move that both companies hope will tap a lucrative market.

Under the terms of the multiyear deal, Exeter Brands Group LLC, a wholly owned subsidiary of Nike, will design and produce the shoes under the Tailwind collection, while Topeka-based Payless will serve as the exclusive retailer.

Marshal Cohen, chief analyst at NPD Group Inc., a Port Washington, N.Y.-based market research company, said that the Tailwind shoe will break new ground in the $3.5 billion mass-market athletic shoe industry because of the footwear's technology.

"This takes the low end to a new extreme," said Cohen, who noted that what is being offered in the high-performance athletic footwear sold at mass chains is not high-tech.

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Chinese plant rolls out first MG

Nanjing Automobile, which bought the MG brand in July 2005, has rolled out the first Chinese-built MG sports cars from its production line in the eastern city of Nanjing.

These are the MG7 saloon and the MG-TF sports car, which, Nanajing officials say would be priced between $23,300 (approximately Rs10 lakh) and $51,700.

According to reports, the models are a replica of the British version and even sport the Union flag on their bodywork. The Chinese company has retained the acronym of the popular auto brand, MG, marketing it in China as "modern gentleman".

Nanjing Auto, which had acquired the bankrupt MG Rover's models and assets for £53 million in 2005, outbidding China's biggest carmaker Shanghai Automotive Industry Corp (SAIC), built a massive new factory and installed robots and assembly lines it bought from MG Rover within six month.

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3 Questions to Ask Before Selling

Here's a mystery straight from the "odd things that investors do" vault: Why do investors continue to follow a stock's performance after they've already sold it? If price gyrations in the stock have no impact on a portfolio, why bother?

Good question. In my case, I sometimes watch a stock much more closely after it has no part in my portfolio than I did when I actually owned it.

Why? Because I want to feel good about my sell decision. I want to know that I made the right choice. A stock that tanks after I sell crowns me as a market seer, and one that shoots higher goes in the "just kick me" file.

Aside from my own delusions, though, I've learned that my post-sale paranoia is evidence that I sold a stock with more emotion than reason. If I were selling for the right reasons, I'd show much more confidence in the decision and have little need to validate the choice.

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Rants, raves and random thoughts 03 12 2007

Greetings, one and all, and welcome! Thanks much for joining me. As has been the case for about as long as I can remember, there's plenty of mail to consider. One quick thought from Your Humble Narrator (that's me) and we'll check it out. Rants, raves and random thoughts 03 12 2007 Kevin L. Green Greetings, one and all, and welcome! Thanks much for joining me. As has been the case for about as long as I can remember, there's plenty of mail to consider. One quick thought from Your Humble Narrator (that's me) and we'll check it out.

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