Stocks Eye Retailers as Jobless Ranks Swell Nov 7, 2009
Stocks are up 50 percent since the lows in March, but the market has languished recently as investors try to determine the strength of the economic recovery. "Fundamentals and valuation pretty much fully reflect reality so now we have to rely on liquidity, momentum and psychology to help guide the direction," said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. (ABC News -- Business)
FIIs buy shares worth Rs 587 cr Nov 7, 2009
14 crore, whereas they sold stocks valued at Rs 2,803. 12 crore resulting in a net buy of Rs 587. (India Times)
Brazil Stocks Drop, Pare Weekly Gain, as U.S. Data Sparks Recovery Concern Nov 7, 2009
Brazil Stocks Drop, Pare Weekly Gain, on U.S. Unemployment Rise - Bloomberg ... Brazil Stocks Drop, Pare Weekly Gain, on U.S. Unemployment Rise ... But in an environment where investors are concerned about the durability of the global economic recovery Brazilian stocks are still likely to suffer. (Bloomberg -- Latin America)
First book on village of Chatham hits shelves Nov 7, 2009
Today's Weather Hudson, NY. Today's Front Page Online Poll. (Hudson Register Star, NY)
Berkshire Net Income Triples to $3.2 Billion on Buffett's Stock, Bond Bets Nov 7, 2009
Nov. 7 (Bloomberg) -- Billionaire investor said third-quarter profit tripled on gains in derivatives tied to stocks and bonds ... The jump in the price of stocks in the helped increase book value to $126. (Bloomberg -- US)
Stocks trim weekly losses Nov 7, 2009
5 per cent rises for materials, while financial stocks jumped 2. 2 per cent and energy stocks 1 ... Among local gold stocks, Lihir was up three cents at $3. (Sydney Morning Herald -- Business)
Jobless rate tops 10 pct. for first time sin... Nov 7, 2009
" Last week, the government said the economy grew at a 3.5 percent annual rate in the July-September quarter, the strongest signal yet that the worst recession since the Great Depression is over. But that growth isn't fast enough to turn the job market around. "You need explosive growth to take the unemployment rate down," Greenhaus said in an interview Thursday. The economy soared by nearly 8 percent in 1983 after a steep recession, lowering the jobless rate by 2.5 percentage points that year.... (San Diego Union-Tribune)
Bank profits to be under pressure in next 6 months Nov 7, 2009
MUMBAI: The profitability of Indian banks is expected to be under pressure over the next two quarters. The possibility of lower treasury gains and muted growth in net interest income (NII) is expected to curtail the growth of banking sector. (India Times)
Sebi working on systemic solution to investor woes Nov 6, 2009
CHENNAI: The Securities and Exchange Board of India (Sebi) wants to find a systemic solution to address recurring complaints from investors, even as it is trying to bolster investor confidence through measures such as the ban on entry load of mutual funds (MFs) and ASBA (Application Supported by Blocked Amount) facility in IPOs. We need a systemic solution if complaints keep coming to us repeatedly. (India Times)
Stocks jump on positive economic data; Dow back above 10,000 Nov 6, 2009
Stocks rally on drop in jobless claims, upbeat Cisco forecast - USATODAY.com ... Stocks rally on drop in jobless claims, upbeat Cisco forecast ... NEW YORK (AP) A drop in unemployment claims and an upbeat forecast from gave investors new reason to be optimistic about the economy and sent stocks rocketing higher. (USA Today -- Money)
False euphoria after stocks recovery: Fat Prophets Nov 6, 2009
November 6, 2009 - 11:01AM. Fund manager Fat Prophets Australia Fund warns that there is an air of false euphoria after the share market recovery of recent months, given there are still large debts which aren't matched by the underlying assets. (Sydney Morning Herald -- Business)
Advice from a billionaire Nov 6, 2009
For several years Platinum has spoken of the value it's been able to find in Japanese stocks, so I was interested in Neilson's rather stark comments about Japan's ''compromised fiscal status'' and that the ''way out'' would likely be through a lower yen and higher interest rates (to fund the government deficit). If he's right, that might be bad news for those Australian exporters who rely on Japanese customers but great news for occasional visitors to Japan's wonderful ski fields. (Sydney Morning Herald -- Business)
Mantega Says Brazil's New Tax on Capital Inflows to Help Prevent `Bubble' Nov 6, 2009
The countrys currency and stocks have had world-beating rallies this year. The so-called IOF levy has been sufficient in eliminating excessive interest in Brazil capital markets, Mantega said an interview with Bloomberg Television in London today. (Bloomberg -- Latin America)
The Ghosts Of '38 Nov 6, 2009
Access six valuable screens that show you top stocks in different categories ... Before buying stocks, compare them to a checklist that includes essential technical and fundamental characteristics. (Investors Business Daily)
Canadians have been looking for homes for their big pension funds. Nov 6, 2009
This year, most listed infrastructure stocks have come a cropper, blowing up, being restructured or taken out after being on the nose well before the global financial crisis ... In the case of Transurban, the share price has been struggling in the low $4s for the past nine months as investors lost patience in listed infrastructure stocks, and those that remain are getting twitchy that they won't get the big share price swings that came with highly leveraged stocks. (Sydney Morning Herald -- Business)
Reese to address investors Nov 6, 2009
g. traditional IRAs, Roth IRAs and individual 401(k) plans) in a wide range of investments from traditional stocks, bonds and mutual funds to alternatives such as private equity, promissory notes and real estate. Real Estate IRAs; have grown in popularity over the years as more and more individuals became aware of their alternative investing options. (Princeton Bureau County Republican, IL)
School priorities askew Nov 6, 2009
Tuesday, November 03, 2009 Edition. 00 worth of new text books would be a better investment. (Malibu Times, CA)
Ad Shop Wins Fifth Consecutive Creative, Innovation Award in 2009 Nov 6, 2009
Find penny stocks with good fundamentals. Stop using sheets for Finances. (Yahoo! Wire -- Entertainment News)
Stocks surge on jobs data, Cisco forecast Nov 6, 2009
Five stocks rose for every one that fell on the New York Stock Exchange, where volume came to 1 ... Cisco pulled tech stocks higher after it said late Wednesday that it expects revenue to grow for the first time in a year for the quarter ending in January. (San Diego Union-Tribune)
Japan's Bonds Heading for Longest Losses Since June 2008 on Recovery Signs Nov 6, 2009
Japans bond yields often move in the same direction to stocks ... Riskier assets such as stocks will rise and yields will increase. (Bloomberg -- Asia)
Retirees investing way out of their depth Nov 6, 2009
" Retirees in their 60s wanting to earn an income from their life savings say they were promised returns of 20 to 25 per cent on every $100,000 they invested with the firm for conservative options trading. And so people like Mike Rowston, Ann Tyson, John and Yvonne Schweicker, and Ken and Noelene Winton opened accounts. The relationship started well, they say. The broker traded options on a few blue-chip stocks conservatively, made some good money for them and everyone was happy. ''The market... (Sydney Morning Herald -- Business)
US job growth hopes rise Nov 6, 2009
U.S. stocks rallied on the data, which was viewed as good news for company earnings ... 6 per cent rate in the third quarter, likely driven by automakers ramping up production to rebuild depleted stocks after the popular "cash for clunkers" program boosted sales. (Sydney Morning Herald -- Business)
Jocelyn Allen, a winner without a team Nov 6, 2009
Standard Journal Online - Sports. The upper valley's newspaper since 1888. (Rexburg Standard Journal, ID)
Schottenfeld `Prop Shop' at Center of Inside-Trading Ring, Prosecutors Say Nov 6, 2009
Schottenfeld is a prop shop, or proprietary-trading firm, where about 50 traders buy and sell stocks daily using company money ... The complaint alleges that they traded in five stocks involved in takeovers, Avaya, 3Com, Axcan Pharma Inc., Kronos Inc. and Hilton Hotels Corp. It mentions that there were discussions about another stock, Dallas-based , which was involved in a takeover. (Bloomberg)
US stocks rally on data as Cisco lifts techs Nov 6, 2009
US stocks rose sharply overnight, pushing the S&P 500 up for a fourth day, as economic data boosted confidence in the recovery and strong results from Cisco Systems suggested a rebound in technology spending ... Tech stocks climbed across the board, with the NYSE Arca Network index up 2. (Sydney Morning Herald -- Business)
University of Miami loses $448M in fiscal 2009 Nov 6, 2009
The university owns shares of stocks, fixed income, hedge funds and other alternative investments. Our exposure to things that were the most problematic, with respect to liquidity, was relatively minor, Cook said. (South Florida Business Journal, FL)
Diversification of assets overseas is must for portfolio Nov 6, 2009
The first is actively-managed portfolios from India, where the local fund managers buy and sell stocks in foreign markets ... On the other hand, top performer, Mirae Asset Global Commodities Stocks Fund, posted 92% returns in one year and invests in the commodity stocks worldwide. (India Times)
Buy This Investment If You Want to Lose Money Nov 6, 2009
The first fund provides twice the inverse of the daily performance of the Nasdaq 100 Index, which invests in big-name tech and health-care stocks like Gilead Sciences (Nasdaq: GILD), Cisco Systems (Nasdaq: CSCO), and eBay (Nasdaq: EBAY). Berkshire Focus is a super-concentrated fund with 540% annual turnover and only 27 holdings, including Research In Motion (Nasdaq: RIMM), Palm (Nasdaq: PALM), Intel (Nasdaq: INTC), and Marvell Technology Group (Nasdaq: MRVL). (MSNBC -- Business)
DAX Index Advances Before U.S. Job Report; Lufthansa, Hannover Re Increase Nov 6, 2009
German Stocks Advance Before U.S. Job Data; Hannover Re Climbs - Bloomberg ... German Stocks Advance Before U.S. Job Data; Hannover Re Climbs. (Bloomberg -- Germany)
Market Forecaster Nov 6, 2009
With the huge demand base and corn either unharvested or in farmer storage, the corn market will need to bid for acres this spring to rebuild the ending stocks at a more comfortable level ... Ending stocks are forecast to remain very tight at 230 mb ... While harvest and subsequent planting delays are a positive driving force for prices, the main fundamental driving force for wheat prices will continue to be the growing supply of world wheat stocks. (Midwest Bulls Eye, NE)
Asian stocks trim weekly losses on RBA view Nov 6, 2009
Asian stocks rose, paring a weekly loss, after Australia's central bank more than tripled its economic growth forecast and reports showed US unemployment claims and worker productivity beat estimates ... 82 as of 11:09 a.m. in Tokyo, with more than twice as many stocks advancing as declining ... Stocks in the MSCI Asia Pacific Index are valued at 22 times estimated earnings, compared with 17 times for the Standard & Poor's 500 in the US and 15 times for the Dow Jones Stoxx 600 Index in Europe. (Sydney Morning Herald -- Business)
A not-so-merry Christmas Nov 6, 2009
The weaker retail sales data and poor start to Myers listing have also not helped sentiment towards retail-related stocks ... Interestingly, CICC is attempting to build a foothold in the US, where it plans to open an office in New York to trade Chinese stocks in that market. (Sydney Morning Herald -- Business)
A water deal at long last Nov 6, 2009
A crisis moment - marked by a multi-year drought, declining salmon stocks, gridlocked interest groups and Sacramento leaders desperate to improve their ratings - produced the conditions for a breakthrough change. The historic nature of the water deal produced a political love-in with Gov. Arnold Schwarzenegger inviting groggy legislative leaders from both parties to a friendly announcement session within hours of the all-nighter that sealed the deal. (San Francisco Chronicle -- Opinion)
Lightning-fast buck Nov 6, 2009
They set to work, seeking to profit on tiny price differences by buying and selling stocks, futures, bonds derivatives and options trading in the hundreds of millions of dollars a day. High-frequency traders test market prices by issuing buy or sell orders that can be withdrawn in milliseconds, giving traders an idea of the market's willingness to trade at those prices. (Sydney Morning Herald -- Business)
Stocks surge Nov 6, 2009
A bright forecast from Cisco Systems and upbeat economic news sent stocks soaring Thursday and propelled the Dow Jones industrials back above 10,000 ... It was the sixth time in 2009 that all 30 stocks in the index rose and it was the biggest advance since a gain of 257 points on July 15, when computer chip maker Intel Corp. said business was improving ... Five stocks rose for every one that fell on the New York Stock Exchange, where consolidated volume came to 4. (San Francisco Chronicle -- Business)
Net widens in Galleon investigation Nov 6, 2009
Florida hedge fund investor Roomy Khan pleaded guilty to making illicit trades in several stocks, including of Chelmsford, netting her about $1 ... Galleon s cofounder, billionaire Raj Rajaratnam, was one of six people arrested and charged last month in connection with making $25 million from illegal trades in stocks of several companies, including Akamai ... It is illegal to buy and sell stocks based on information unavailable to the public. (Boston Globe)
Asian Stocks Rise on Australian Growth Outlook, U.S. Productivity Report Nov 6, 2009
Asian Stocks Rise on Australian Growth Outlook, Data From U.S. - Bloomberg ... Asian Stocks Rise on Australian Growth Outlook, Data From U.S. ... 03 as of 5:50 p.m. in Tokyo, with twice as many stocks advancing as declining. (Bloomberg -- Asia)
Stock questions? Ask Matt Nov 5, 2009
ASK MATT ABOUT STOCKS ... Maybe they should be more afraid of its reverse: deflation a sustained decline in prices, including prices of assets like homes and stocks. (USA Today -- Money)
Stocks Finish Mixed after Fed Statement Nov 5, 2009
On the New York Stock Exchange, 16 stocks were higher in price for every 14 that declined ... " Also Wednesday, the market also weighed reports that the Institute for Supply Management's October nonmanufacturing index fell to 50.6 from 50.9 in September; and that ADP's report on private employment showed payrolls falling 203,000 in October, a bit more than the 196,000 expected. To some, data elevated the downside risk for Friday's U.S. employment report for October. Investors have grown fearful... (BusinessWeek)
Fed holds key interest rate near zero Nov 5, 2009
Businesses are still cutting back on fixed investment and staffing, though at a slower pace; they continue to make progress in bringing inventory stocks into better alignment with sales, according to the Federal Reserve. Although the economy is stabilizing, the Fed believes that the economy will keep a lid on inflation. (Xinhuanet, China)
Jocelyn Allen, a winner without a team Nov 5, 2009
Standard Journal Online - Sports. The upper valley's newspaper since 1888. (Rexburg Standard Journal, ID)
Gore's Profits Of Doom Nov 5, 2009
eIBD Investor's Business Daily Digital Edition. Access recent eIBD issues easily. (Investors Business Daily)
Brazil's Real Gains for Second Straight Day on Capital-Inflows Speculation Nov 5, 2009
Bond issues and initial public offerings of stocks in the pipeline will guarantee that future flows are decent, she said in a phone interview from Sao Paulo ... Barbosa also said the government is satisfied with the impact of a tax on foreign capital investments in stocks and bonds. (Bloomberg -- Latin America)
Broking houses step up hiring as market rebounds Nov 5, 2009
MUMBAI: Greenshoots are sprouting in the broking job market with almost all brokers embarking on a hiring spree to beef up their diverse operational segments. Though not many will agree, over 60% of fresh hiring is for filling up posts that were left vacant during the slowdown. (India Times)
Bovespa Rallies on Higher Commodity Prices, CSN Earnings; Mexico Advances Nov 5, 2009
Nov. 4 (Bloomberg) -- Brazilian stocks rose to the highest level in a week after commodity prices advanced and steelmaker profit topped analyst estimates, bolstering the earnings outlook for material producers ... The index of the 63 most-traded stocks entered a correction last week, losing more than 10 percent from a peak, after the government imposed a so-called IOF tax of 2 percent on foreign purchases of equity and fixed-income securities ... 14 billion reais ($660 million) of Brazilian... (Bloomberg -- Latin America)
The Greatest Trade Ever Nov 5, 2009
If the economy's stagnant, why are stocks up. The answer is disturbing. (Slate)
The catastrophe insurance policy through history Nov 5, 2009
For the man in the street investing in developed markets, the last decade has shaken the traditional belief that stocks are good investments. In the long run, after the US stock markets declined back to 1999 levels and even worse, Japanese investors are on the cusp of a two-decade decline in their equity market. (Business Report, South Africa)
Stocks give up gains in last hour, finish mixed Nov 5, 2009
NEW YORK (AP): A late-day slump left stocks mixed Wednesday as investors couldn't hold on to their optimism after the Federal Reserve gave an encouraging assessment of the economy ... Analysts couldn't point to any one reason why stocks gave up their gains, although some said the market is increasingly nervous as the release of the government's October jobs report on Friday approaches ... Financial stocks fell especially hard in the last hour of trading after a House vote to speed up the... (The Star Online, Malaysia)
Asian Stocks Fall as South Korea Fuels Growth Concern; Doosan Heavy Drops Nov 5, 2009
Asian Stocks Decline on Growth Concerns; Doosan Heavy Slumps - Bloomberg ... Asian Stocks Decline on Growth Concerns; Doosan Heavy Slumps ... Nov. 5 (Bloomberg) -- Asian stocks fell, dragging the MSCI Asia Pacific Index down for the third time in four days, as South Korea said its unclear whether the economic rebound will be sustained and New Zealands unemployment rate rose. (Bloomberg -- Asia)
Tufton Oceanic Backs Ex-UBS Managing Directors in New Transport Hedge Fund Nov 5, 2009
It will seek to generate 15 percent to 20 percent annual returns by trading pairs of transportation and related infrastructure stocks outside the shipping industry. While asset managers including are investing in transportation stocks to wager on an economic recovery, the new Tufton fund will seek to profit from valuation gaps in shares without having to bet on the markets direction ... The transport industrys in major stock indexes has led most general equity funds to hold few transport... (Bloomberg -- Asia)
How interest rates affect your share portfolio Nov 5, 2009
In other words, 10-year bonds look more attractive than they did in January, while stocks look less so after having already risen by so much ... Buying a portfolio of Australia's top blue chip stocks will likely provide a dividend return of less than 3. (Sydney Morning Herald -- Business)
READ THE STATEMENT: What the Fed said Nov 5, 2009
Businesses are still cutting back on fixed investment and staffing, though at a slower pace; they continue to make progress in bringing inventory stocks into better alignment with sales. Although economic activity is likely to remain weak for a time, the Committee anticipates that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will support a strengthening of economic growth and a gradual return to higher levels of resource... (USA Today -- Money)
Shop Talk: The latest scoop in business Nov 5, 2009
Gaylord Herald Times - News. Current Gaylord Weather. (Gaylord Herald Times, MI)
PMS players turn smart, now go for only the really wealthy Nov 5, 2009
Even though the rebound in stocks since March presents them with an opportunity to garner a wider client base, PMS providers have become choosy about their client profiles. Many of these money managers to wealthier investors are no longer accepting investments of less than Rs 1 crore in their schemes against a minimum of Rs 10 lakh earlier. (India Times)
Cut Out, Chemically Bombarded and Burned to Death; This Book Provides Oxygen to an Otherwise Airless Time Nov 5, 2009
A Random Interruption is enrolled in Xlibris' Bookstore Returnability Program, which gives booksellers the convenient option of returning excess stocks through Ingram Distribution. For more information, log on to. (Primezone Releases)
Is Sensex entering a corrective zone? Nov 5, 2009
Since October 17, while FIIs have net sold stocks worth about Rs 4,460 crore (nearly $950 million), net buying by domestic institutions is about Rs 2,200 crore, BSE data showed ... While the sensex has lost nearly 8% since Diwali, the worst hit has been telecom, real estate, constructions, banks and metal stocks ... And given that the results season is over, dealers also don't see any triggers for the stocks to rally north. (India Times)
Liberty Media Announces Liberty Starz Trading Information Nov 5, 2009
Nothing in this press release shall constitute a solicitation to buy or an offer to sell shares of LEI, any of the Liberty Media tracking stocks or shares of the new company to be issued pursuant to the merger agreement with DIRECTV. The offer and sale of shares in the proposed Split-Off and the DTV Business Combination will only be made pursuant to the effective registration statements on file with the Securities and Exchange Commission ("SEC"). Liberty Media stockholders and other investors... (Yahoo! Wire -- Entertainment News)
China hints at moveto rein in growth Nov 5, 2009
The QDII program, launched in 2006, allows domestic lenders, fund houses, securities brokers and insurers to trade stocks and bonds overseas through the designated funds, offering an overseas outlet for domestic savings while the country's currency, the yuan, remains not fully convertible ... The CSI 300 Index, which tracks representative A-share stocks listed on the Shanghai or Shenzhen stock exchanges, has surged more than 100% this year ... Over the past weeks, Chinese stocks have been... (Asia Times Online)
Credit outlook Nov 5, 2009
6 per cent more than US stocks and still better than historical trends, according to Morgan Stanley. You have viewed your allowance of free articles. (FT.com -- Markets)
Buffett buying Burlington rail in his biggest deal Nov 5, 2009
The Dow Transports index, which includes all these stocks, gained 5. 3 percent and is up 75 percent from March lows, beating the Standard #39;s 500 index. (Yahoo News -- Top Stories)
* Buffetts Berkshire buying Burlington Northern Railroad Nov 5, 2009
Berkshire prefers to buy companies instead of just investing in stocks. Buffett has simple standards for what he looks for in an investment easy-to-understand large companies with a strong competitive advantage that generate cash and above-average returns on capital. (Taipei Times, Taiwan -- World Business)
Shop Talk: The latest scoop in business Nov 4, 2009
Gaylord Herald Times - News. Current Gaylord Weather. (Gaylord Herald Times, MI)
11 amendments on ballot Nov 4, 2009
Published: Monday, November 2, 2009 11:08 PM CST The Texas Legislative Committee issued the following information on amendments that will be on the Nov. 3 ballot. For the entire analysis, visit. (Port Lavaca Wave, TX)
* Business Briefs Nov 4, 2009
However, gainers outnumbered losers 1,388 to 1,035, while 295 stocks remained unchanged ... Taiwanese stocks will offer one of the best returns in Asia next year as corporate earnings improve with warming cross-strait relations, Allianz SE said ... Once the agreement is signed, theres going to be a re-rating on Taiwanese stocks in terms of price-earnings multiple over the next 12 months, Srinivasan said. (Taipei Times, Taiwan -- World Business)
Manulife Profit May Decline on Higher Reserves for Falling Equity Values Nov 4, 2009
Theres just so many moving parts, said , director of investments at Bank of Montreal Asset Management in Toronto, which oversees about C$45 billion, including insurance stocks ... Analysts such as at Genuity Capital Markets will be focusing on so-called adjusted earnings, which exclude gains and losses from stocks. (Bloomberg -- Canada)
