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Kamis, 20 September 2012

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Spain Faces 'Surreal' Situation Despite Strong Bond Auction
CNBC.com
Optimism is increasing in the bond markets about Spain's immediate future as investors bet the country will seek a full bailout from the European Central Bank, though it's still far from a done deal, as analysts and economists point out.
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CNBC.com
Cities Weighing Mortgage Seizures Draw Attention in Washington
Businessweek
By Clea Benson on September 20, 2012 US regulators and lawmakers are seeking ways to keep local governments from using the power of eminent domain to seize mortgages and cut borrowers' debt, citing concern about the potential cost to taxpayers.
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US Stock-Index Futures Drop on China Manufacturing Data
Businessweek
By Alexis Xydias on September 20, 2012 US stock-index futures declined as data from China to Japan and the euro area increased concern a global economic slowdown is worsening. Adobe (ADBE) Systems Inc. fell in after-hours trading as the software maker ...
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US seafood catch at 17-year high
Los Angeles Times
The US seafood catch reached a 17-year high last year, with all fishing regions of the country showing increases in both the volume and value of their harvests. Commercial fishermen last year caught 10.1 billion pounds of fish and shellfish valued at a ...
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SAfrican police kill 2 more in crackdown on strike
Businessweek
By Carley Peteschmichelle Faul on September 20, 2012 RUSTENBURG, South Africa (AP) — South African police have killed two more people in a crackdown on striking miners, labor advocates said Thursday, with the victims being a ruling party municipal ...
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RHJ wins Chinese backing to buy Deutsche's BHF unit
Reuters
| FRANKFURT (Reuters) - Buyout firm RHJ International (RHJI.BR) has secured backing from investors including a Chinese conglomerate for its acquisition of Deutsche Bank's (DBKGn.DE) BHF-Bank unit, as it seeks to win over the German regulator who ...
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GM looks to boost retention
Detroit Free Press
General Motors, aiming to prevent customers from straying to competitors' products, outlined a strategy to make design decisions sooner, gather customer input more efficiently, train dealers and improve production quality.
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Oil's slide continues toward $90 a barrel
Businessweek
By Pamela Sampson on September 20, 2012 BANGKOK (AP) — Oil sagged for a fourth day Thursday as high US inventories and weak economic data from China and Japan reinforced fears of a deeper global downturn. Benchmark oil for October delivery was down 51 ...
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'Worrisome' levels of arsenic found in rice
MarketWatch
CHICAGO (MarketWatch) -- Rice, a grain found in a number of food products including infant cereals, carries "worrisome" levels of inorganic arsenic, according to a Consumer Reports investigation released this week. The watchdog group is urging ...
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Greek Finance Minister Says Several Days Yet To Finalize Budget Cuts
Wall Street Journal
By Alkman Granitsas and Nektaria Stamouli ATHENS--It will take a few days before Greece and a visiting troika of international inspectors conclude on a planned muti-billion euro package of budget cuts Athens must take to meet promises made to its ...
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US stocks turn higher after existing home sales
MarketWatch
SAN FRANCISCO (MarketWatch) -- US stocks shifted into moderate gains after a weak open, finding solid footing after midmorning data Wednesday showed sales of existing homes jumped 7.8% in August, to the best level in more than a year.
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UK regulator finds BSkyB 'fit and proper' license holder despite criticism of ...
Washington Post
LONDON — British Sky Broadcasting is a "fit and proper" company to hold an operating license, UK regulators said Thursday in response to the phone hacking scandal that engulfed the parent company. But it criticized the former CEO and chairman, ...
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Weak data all but erase euro's QE3 gains
Financial Times
By Alice Ross The euro fell below $1.30 against the dollar, erasing nearly all of its euphoric gains following the Federal Reserve's decision to ease monetary policy further, amid concerns over both European and global economic growth on Thursday.
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Sales of existing homes surge in August
MarketWatch
WASHINGTON (MarketWatch) — Sales of existing homes surged 7.8% in August to the best level in more than a year as low interest rates and a slowly improving jobs market help fuel a rebound in activity. The National Association of Realtors said sales ...
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Groupon unveils mobile payment service; shares up
MarketWatch
SAN FRANCISCO (MarketWatch) -- Groupon Inc. (US:grpn) on Wednesday said it has launched a new mobile payments service for the iPhone and the iPod Touch. The online daily deals site said the system, called Groupon Payments, will give businesses, ...
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Salesforce.com Kicks Off Dreamforce 2012: Business is Social
Sacramento Bee
By salesforce.com SAN FRANCISCO, Sept. 19, 2012 -- /PRNewswire/ -- DREAMFORCE 2012 -- Salesforce.com [NYSE: CRM], the enterprise cloud computing company, today announced new social and mobile cloud computing innovations that connect companies with ...
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AUDIO: Pilot demands answers after plane undergoes emergency search
My Fox Boston
NEW YORK, NY (FOX 25 / MyFoxBoston.com) Newly released audio recordings detail a tense exchange between air traffic controllers and a furious American Airlines pilot who demanded answers when an emergency search was ordered for his jet.
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Medicare Open Enrollment begins Oct. 15 — Are you ready?
Your Houston News
I turned 65 in February and did not enroll in a Part D Prescription drug plan. I've been told that I have to wait until Medicare's Open Enrollment time to enroll in a Part D Prescription drug plan and even a Medicare Advantage plan.
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Census report: Incomes dropped 4 percent in Collier in past year, at 5-year low
Naples Daily News
By VICTORIA MACCHI NAPLES — Mirroring a national trend, median income in Collier and Lee counties dipped to a five-year low in 2011, according to statistics the government is releasing today. The median household income in Collier County decreased to ...
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Bank Of America Website Slows After Islamic Hacker Threats
InformationWeek
Group protesting anti-Islam film claims credit for website service interruptions that hit Bank of America Tuesday afternoon. By Michael Endler InformationWeek Bank of America's website experienced periodic outages Tuesday, possibly due to cyber attacks ...
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The Forbes 400: The Richest People In America
Forbes
The combined net worth of the 2012 class of the 400 richest Americans is $1.7 trillion, up from $1.5 trillion a year ago. The average net worth of a Forbes 400 member is a staggering $4.2 billion, up from $3.8 billion, and the highest ever, ...
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RBA underlying earnings down on low rates.
Sydney Morning Herald
AAP Falling interest rates have cut underlying earnings for the Reserve Bank of Australia (RBA) to its lowest level since the local currency was floated in 1983. The RBA said that although its accounting profit was higher in 2011/2012 compared to the ...
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Starbucks to elbow in on Green Mountain with Oct debut of one-cup brewer
Reuters
* Verismo brewed coffee and espresso maker to hit US stores in Oct * Machines priced at $199 and $399, competitive with Green Mountain, Nestle products * Starbucks CEO says "committed" to partnership with Green Mountain * Green Mountain shares fell ...
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Tough regulations, higher capital at banks necessary: Goldman CEO
Firstpost
Tougher regulation of financial institutions and higher capital ratios at banks are necessary in the aftermath of the global financial crisis, the head of Goldman Sachs said on Wednesday, even as he acknowledged that such safeguards carried some costs.
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Firstpost
Gold Rises to 29-Week High on Stimulus by Central Banks
Bloomberg
Play Why Gold May Hit $2000 by Christmas Gold futures rose to 29-week high on speculation that steps by central banks to bolster economic growth will spur demand for the metal as a store of value. The Bank of Japan (8301) said today that it will add 10 ...
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Adobe Cuts Forecast as Users Migrate Online
New York Times
Adobe Systems, the maker of Photoshop and Acrobat software, said Wednesday that its earnings in its current quarter would decline or remain flat because customers have adopted the company's new subscription-based model faster than expected.
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General Mills Profit Rises as Yogurt Makes Comeback
Wall Street Journal
By Annie Gasparro General Mills Inc.'s (GIS) fiscal first-quarter earnings rose 35%, bolstered by acquisitions, and the company expects new products, especially yogurt, to help its slipping domestic sales return to growth this year.
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The Wages Of Bernanke: Winners And Losers From QE3
Forbes
Author's note: In my previous article about climate change, I promised that my next two articles would contrast our country's current awful energy policy with a helpful energy policy. Those articles are in the pipeline, but the Federal Reserve's new ...
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Penney Sees Bad Times Continuing
Wall Street Journal
By DANA MATTIOLI JC Penney Co. Chief Executive Ron Johnson on Wednesday essentially wrote off the rest of the 2012 for the department store chain, saying the second half of the year would be just as painful as the first. The outlook heralds a tough ...
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You are here: HomeSci/TechEnvironmentCoal Company Closes Eight Mines; Cites ...
The New American
Underscoring the inimical aftereffects of President Obama's "war on coal," Alpha Natural Resources announced September 18 it will be shuttering eight coal mines in Virginia, Pennsylvania, and West Virginia, while laying off some 1200 workers.
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News Summary: US builders start more homes in August, driven by single-family ...
Washington Post
HOUSING STARTS UP: US builders broke ground on 2.3 percent more homes and apartments in August. The increase drove housing starts to a seasonally adjusted annual rate of 750000, the Commerce Department said Wednesday. SINGLE-FAMILY DRIVES GAINS: ...
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The Fed calls the tune in bond markets
Financial Times
QE "infinity" has arrived – and with it a whole new set of challenges for fixed income investors. If there was any doubt before about the Federal Reserve's commitment to drive investors into riskier assets, Ben Bernanke has dispelled it.
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Microsoft Lifts Dividend 15%, Discloses Retirement of Director Gilmartin
Fox Business
By Matt Egan Microsoft (MSFT) announced plans late Tuesday to hike its quarterly dividend by 15% and also disclosed the retirement of Raymond Gilmartin from the software giant's board of directors. Shares of the maker of the Windows operating system ...
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Has US economy bottomed out? Census suggests yes
Lincoln Journal Star
2012-09-20T00:34:32Z 2012-09-20T02:06:27Z Has US economy bottomed out? Census suggests yesThe Associated Press The Associated Press 4 hours ago • Associated Press The US economy is showing signs of finally bottoming out: Americans are on the move again ...
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QE3: Not a Panacea for Home Builder Stocks
Investing Daily
by John Lounsbury on September 19, 2012 The announcement of a third round of quantitative easing (QE3) and the massive Federal Reserve commitment to buy RMBS Residential Mortgage backed securities for the indefinite future buoyed stock markets.
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Norfolk Southern's third quarter revenue is down
Altoona Mirror
NORFOLK, Va. - Norfolk Southern Corp.'s third quarter 2012 earnings are expected to be in the range of $1.18 to $1.25 per diluted share, primarily due to volume declines in certain markets and lower revenues from fuel surcharges, the company announced ...
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Hong Kong stocks close 1.16% higher
China Daily
HONG KONG -- Hong Kong stocks rose 1.16 percent on Wednesday. The benchmark Hang Seng index closed up 239. 98 points to end at 20841.91 points, after trading between 20609. 52 and 20895.61. Turnover totaled HK$63.67 billion(about $8.21 billion).
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