The little book that says "quit"

(Reuters) - The central premise of "The Dip -- A Little Book That
Teaches You When To Quit" is that in all walks of
life -- work, leisure, relationships or business -- you will
encounter what author Seth Godin calls a dip.




A dip is a "common sinkhole that trips up so many people,"
he says. It is the long slog between starting and mastery. It
is the difference between the beginner technique and the more
useful "expert" approach in, say, skiing or fashion design.


Read more at Reuters.com Business News

U.S. Two-Year Notes Gain First Time Since April on Hedge Funds

(Bloomberg) -- Treasury two-year notes rose
for the first time since April as investors sought refuge
from possible hedge fund losses.

Two-year yields fell more than 10-year yields this
week, increasing the yield premium of the longer-term debt
to the most since October 2005, as Bear Stearns Cos.
offered to provide $3.2 billion in loans to bail out one of
its money-losing hedge funds. The Federal Reserve is
forecast by economists to hold its benchmark lending rate
steady at its meeting next week.


Read more at Bloomberg Bonds News

Parmalat wins injunction against US creditors

(Reuters) - Parmalat SpA, the Italian dairy company, said on Friday a U.S. bankruptcy judge has awarded a permanent injunction to protect it against claims by Bank of America Corp. and other U.S. creditors.

The order by Judge Robert Drain of the U.S. bankruptcy court in Manhattan, which Parmalat said was dated Thursday, would be a defeat for an estimated 31 holders of privately placed Parmalat bonds with some 646 million euros of claims.


Read more at Reuters Africa

Hungary's Forint Rises for Second Week Amid Speculation Bands May Be Axed

(Bloomberg) -- Hungary's forint climbed for a second
week and reached a two-month high against the euro on speculation
the government may scrap the currency's trading limits.

The forint gained in the past two days after Economy
Minister Janos Koka said the currency's trading band was hobbling
the central bank's ability to reduce the European Union's highest
inflation rate.


Read more at Bloomberg Currencies News