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Jul 31, 2010

FGC BOLSA - FGC FINANCIAL MARKETS : Stocks in Focus Monday.- Humana, NRG, Verisign. jULY 31ST., 2010





INDUSTRY -  FINANCIAL SERVICES


 Stocks to Watch: Stocks in focus Monday: Humana, NRG, VeriSign
 
By MarketWatch


Among the companies whose shares are expected to see active trading in Monday's session are Humana Inc., NRG Energy Inc. and VeriSign Inc. 

NYT : FGC BOLSA - FGC FINANCIAL MARKETS ALERTS: July 31st. 2010

The New York Times

July 31, 2010

My Alerts 

 

Alert Name: FGC BOLSA - FGC FINA
July 31, 2010 

BUSINESS / GLOBAL BUSINESS

Market data is starting to provide an indication of whether the stress tests on the largest European banks had the desired effect on confidence.

 

Money Morning : Special Report.- The Truth About BP's New CEO


Special Report: New CEO Dudley Isn't the Long-Term Answer at BP, Expert Says
[Editor's Note: Frequent Money Morning contributor Dr. Kent Moors is an advisor to six of the world's Top 10 oil companies and a consultant to some of the world's largest oil-producing nations. Since his "Energy Advantage" advisory service went live on July 6, the portfolio, cumulatively, is up 56.9%. For more information on the service, please click here. Below, see what worries Dr. Moors about BP's latest plans, and new CEO.]

By William Patalon III, Executive Editor, Money Morning

When readers ask me how Dr. Kent Moors could be up nearly 60% on a portfolio that he only launched July 6, I don't give them an answer.

I tell them a story.

When the BP PLC (NYSE ADR: BP) CEO-replacement saga began to unfold earlier this week, and the Money Morning news team was working the story, I contacted Dr. Moors to ask him if he knew anything about anointed successor Robert Dudley.

With that response, Dr. Moors underscored, yet again, why he's the ultimate energy-sector insider: He doesn't just know about Dudley - he actually knows him.

In fact, Dr. Moors went on to give me an analysis of the new CEO's managerial style, including Dudley's strengths and weaknesses. Dr. Moors even went as far as highlighting the elements of Dudley's managerial proclivities - and the elements of BP's strategy - that pose the biggest risks to the Big Oil company's turnaround.

It's no surprise that Dr. Moors understands all this: He's worked as an advisor to BP before.

I've been a journalist for nearly 30 years, and before I moved into editing, was considered one of the top business reporters in the country. So I know a true industry insider when I see one.

In the few months since he's joined Money Morning's roster of global experts, I've talked with Dr. Moors enough to know that - in the global energy sector - he's the ultimate insider.

In fact, his latest insights on the BP situation - its new CEO, the status and likelihood of success of the so-called "relief wells," and even BP as an investment - were so good, that we decided to post my most recent interview with him in Money Morning, so that you can read it in its entirety.

William Patalon (Q): What was your reaction to BP's decision to oust CEO Tony Hayward and replace him with Robert Dudley, an American and an insider? A solid, strategic move? Window-dressing? A non-factor?

Dr. Kent Moors: A move was inevitable. Hayward had become a lightning rod. Short-term, replacement of the CEO allows for a "new renewal" approach. Largely a PR factor in that sense, but BP still makes its moves to embellish its image when in difficulty. Bob Dudley has senior level experience and has been awaiting something serious to do after being ousted as head of TNK-BP, BP's major Russian joint venture. Dudley managed to alienate the Russian partners to the extent that BP was in danger of losing its position in Russia if Dudley was not removed. BP saw TNK-BP as a way into Russian E&P (exploration and production) work, but did not want the venture to operate outside of Russia (where it would be a competitor to BP itself). The Russian partners, however, did.

Dudley is an interim appointment to appease the U.S. government. From a tactical standpoint, BP needed to make a move by July 27 - the day it made its quarterly financial report.

Q: Do you know Dudley? If so, what's your assessment of him as an executive? Is Dudley qualified? In your travels, have you crossed paths with him? Any thoughts, impressions, comments?

Dr. Moors: Yes, we met in Russia. He delegates excessively, [and is] not a particularly good administrator or executive on details. He is primarily a strategist. Has little field experience - he looks at matters with the view of a director, not a program manager. He sees the big picture, but is lost in the details. Problems, of course, arise from the details - not the overall strategic policy.

Q: What moves do you expect that he'll make once on board? Are they the moves that you would have him make were he asking you for advice?

Dr. Moors: BP will emerge as a smaller company. It will pick and choose upstream projects, and will emphasize the downstream refinery to retail distribution [part of the business]. Dudley will spend much of his time serving as the source of sound bytes on the liability issues emerging from the spill. That would have been his job anyway, had he not been elevated to the CEO slot. The company must fundamentally revise its strategic-risk-management plan. This is the third time I am making this suggestion. Since I was advising BP the last two times I made it, I doubt they will listen this time, either.

Dudley does not seek outside advice. Owing to his limited project experience - I am talking here about having to get your hands dirty in the actual operational elements - he tends to defer excessively to inside advice. That's a bad idea when you stop to consider that it was the "inside advice" that resulted in the current disaster.

Q: Does this "swap at the top" change your outlook on BP's shares? Why or why not?

Dr. Moors: Not in itself. The situation has to stabilize and a new BP structure has to emerge before the value of the stock itself can be correctly estimated.

Q: Does the move have other, ancillary effects on energy-sector stocks? If so, which sub-sector, or which stocks, and why?

Dr. Moors: Only to the extent that senior management has to be more adept at explaining organizational elements and serving as a conduit between company and the outside. The days of the audience of a major energy CEO being limited to his board of directors are drawing to a close.

Q: Given Dudley's reported better rapport with the U.S. government, what's the prognosis for offshore drilling in the U.S. Any better? Or is this a non-factor?

Dr. Moors: Dudley will be treated easier in upcoming committee hearings because he is the guy who replaced Hayward. His appointment means nothing in terms of changing the offshore drilling dynamic. That is currently playing out on Capitol Hill with the discussion on several pieces of legislation. The single-biggest development from the industry that will help that along was the announcement of a multi-company emergency-reaction plan.

Q: Anything new on the spill itself? The relief wells? I recall that, in one of your last columns for us, you outlined the "nightmare scenarios" for the relief wells.

Dr. Moors: I am still not sold on doing both a static kill from the top and a direct kill from below. The idea is to move as much mud down to offset pressure differences. If there are significant pressure differentials between the annulus (the space between the production casing and the borehole) and inside the production casing (the pipes of the blown well), the combination could create a major collapse and pipe implosion. The static kill is moving in from 5,000 feet down (the blowout preventer above the wellhead on the seabed floor). The direct kill is moving in at a 47-degree angle to intersect with the production casing about 17,500 feet down (13,500 feet below the seabed).

Q: Anything else we should be watching for?

Dr. Moors: Increasing problems experienced with an aging pipeline, terminal and capped field structure. In the last week alone, we've seen a barge collision with a capped well in the Gulf, a dramatic pipeline explosion in Dalian (China) and a Michigan pipeline rupture that sent oil spilling into the Kalamazoo River. More incidents such as these are on the way. The required capital expenditure to maintain this infrastructure are increasing fast.

[Editor's Note: Dr. Kent Moors, a regular contributor to Money Morning, is the editor of "The Oil & Energy Investor," a newsletter for individual investors. In a career that spans 31 years, Dr. Moors has been consulting the energy industry's biggest players, including six of the world's Top 10 oil companies and the leading natural gas producers throughout Russia, the Caspian Basin, the Persian Gulf and North Africa. As the preceding interview so clearly illustrates, Dr. Moors' experiences - as well as the unrivaled industry access, contacts and insights he possesses - are the backbone of the Energy Advantage, an energy-sector advisory service whose portfolio is up a cumulative 56.9% since its July 6 debut. For more information on that service, please click here.]

Mining Interactive :Zeal Intelligence Weekly - "Platinum and Gold" by Scott Wright. July 31st. 2010

Dear Friends:
Adam Hamilton has posted his weekly Zeal Intelligence Newsletter on the Mining Interactive Website. Click here:
Have a great weekend and - - - Stay Tuned!!
Regards,

Nick L. Nicolaas
Nick L. Nicolaas
President & CEO
Mining Interactive Corp.
www.mininginteractive.com
Direct 24/7: +1 (604) 657-4058
Main Office: +1 (604) 569-0800
Fax: +1 (604) 569-0758
Skype: nicknicolaas
nick@mininginteractive.com
Vancouver Stock Exchange Building (1929)
Suite 818 - 475 Howe Street
Vancouver, BC, Canada V6C 2B3

MarketWatch:The week's Top 10 videos on MarketWatch. July 31st.,2010

MarketWatch

Weekly Roundup
JULY 31, 2010

The week's top videos

By MarketWatch



In case you missed them, here are the top 10 videos that appeared on MarketWatch for the week of July 26-30:

Sitting can be dangerous to your health

The practice of sitting in one place for too long can lead to a shorter life, even if you exercise, according to a new study. In this week's Health Minute, Kristen Gerencher offers some tips on how to stay healthy.
 Watch Video Report.


Four market myths that won't die

Investors hear the standard calming myths over and over again. Brett Arends discusses four that need extra scrutiny.
 Watch Video Report.


Bullion coin investing may cost you

Bullion coin investing has risen alongside gold's popularity, catering to a small subset of investors who want physical possession regardless of how much more they may pay. Claudia Assis reports.
 Watch Video Report.


Don't buy gold

Forget gold, says James Altucher. He tells Veronica Dagher why and where investors should put their money instead.
 Watch Video Report.


Skiing plus fishing equals skishing

Paul Melnyk believes that the best way to catch a bass off of Montauk, Long Island, is to jump in after it. He invented a form of fishing in which the fish pulls him through the water, as if he were skiing. Thus was born skishing. Christopher Rhoads reports.
 Watch Video Report.


How much do you pay for your 401(k)?

The Labor Dept. is moving ahead on rules to help employers and workers better understand 401(k) fees. Some say this is more information than needed, but a survey finds otherwise, reports Andrea Coombes in the Personal Finance Minute.
 Watch Video Report.


Investor be nimble

The market's got a lot of investors scared, but the fundamentals are good, says Liz Ann Sonders, chief investment strategist at Charles Schwab. The environment has been volatile, but smart, long-term investors can take advantage of that.
 Watch Video Report.


IPhone 4 delay upsets South Koreans

South Korea has been dropped from a list of markets that are to get the iPhone 4 this week, and the news media in South Korea have accused Apple and Steve Jobs of misstating the reasons for the delay. Evan Ramstad talks to Simon Constable about the possible causes for the delay.
 Watch Video Report.


North Korea threatens nuclear attack on South

North Korea says it will begin a "sacred war" against the United States and South Korea in response to planned military exercises by the allies.
 Watch Video Report.


Akamai riding high

The World Cup has been over for more than two weeks, but stock in Akamai Technologies, which streamed many of the matches online, continues to rise. Now, you either know everything about Akamai or have never heard of it. Rex Crum reports.
 Watch Video Report.


See the week's Top 10 news and analysis stories.

See the week's 10 best Personal Finance stories.

MarketWatch: The week's 10 best Personal Finance stories. July 31st. 2010

MarketWatch
Personal Finance Daily
JULY 31, 2010

This week's top Personal Finance stories

By MarketWatch



In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of July 26-July 30:

How short-selling sleuths spot accounting gimmicks on financial reports

As the 2010 second-quarter earnings season wraps up, accounting sleuths are once again scouring the latest reports for disconnects between what company executives are telling investors and what the numbers are saying.
See Weekend Investor.


Long-term unemployment is hard on your health

Long-term unemployment doesn't just drain your wallet, it's mentally exhausting. Self-respect may suffer, family relationships are stressed, and relationships with close friends may end, according to a recently released report from the Pew Research Center.
See story on long-term unemployment is hard on your health.


A cash-in refinance can cut mortgage costs

Cash-out refinancing gained popularity when home values were rising fast, and homeowners wanted to tap their home equity to put money in their wallets. Today, some borrowers are doing the reverse, bringing cash to the closing table when they refinance their home loans.
See story on a cash-in refinance can cut mortgage costs.


Weather forecasts help stores reel you in

Ever notice how the things you need most in sweltering heat -- a bottle of water, ice cream -- seem to be everywhere you turn? It's not by accident.
See Jennifer Waters's Consumer Confidential.


New drugs for cystic fibrosis bring hope

Emily Schaller likes to travel as part of the cystic-fibrosis advocacy she does, but the daily regimen she uses to manage her disease weighs her down.
See story on new drugs for cystic fibrosis bring hope.


Money isn't going to make you happy

When it comes to feeling as though you're enjoying the good life, money matters. Make no mistake about it. But it's just one critical ingredient, according to a new study.
See Robert Powell on money isn't enough to make you happy.


Investor sentiment heats up in July

The buyers are back in town. Bullish sentiment among investors rose to 40% from 21% in the first week of July, according to the latest survey from the American Association of Individual Investors, while 33% of respondents were bearish, down from 57% earlier in the month.
See Jonathan Burton's Life Savings on investor sentiment heats up in July.


What to do with a reverse mortgage if you remarry

Question: I have a friend who took out a reverse mortgage with his wife. His wife passed away and he has since remarried. What happens to his new wife -- or more specifically, the house -- when he dies?
See Realty Q&A on what to do with a reverse mortgage if you remarry.


More employers peg workers' insurance premiums to health

Employees have a new reason to drop the donuts and stop smoking before benefits enrollment season begins in a few weeks.
See story on more employers peg workers' insurance premiums to health.


Car sales top list of consumer complaints

In a sign of the economic times, consumers' biggest gripes were about car sales and credit and debt grievances, according to a survey of complaints made to consumer agencies last year. The fastest-growing gripe was about bogus offers to save consumers from foreclosure.
See story on car sales top list of consumer complaints.

Jul 30, 2010

MarketWatch: Personal Finance Daily.-Warning signs that investors don't want to miss. July 30th., 2010

MarketWatch
Personal Finance Daily
JULY 30, 2010

Friday's Personal Finance stories

By MarketWatch



Don't miss these top stories:
How much do you know about the companies in which you invest? Chances are, not enough. So don't miss our Weekend Investor column today for a concise look at some key financial-statement warning signs to which you should pay close attention.

But if you don't take the time to understand your investments and you lose your shirt in the market, at least you can take comfort in knowing that money is not the basis of all happiness. Read Robert Powell's column for a look at a new study that finds a sense of purpose and social connections, as much as money, are underpinnings of the good life.

Then again, if you can't pay the bills, there isn't anything good about that.

-- Andrea Coombes , Personal Finance editor

How short-selling sleuths spot accounting gimmicks on financial reports

As the 2010 second-quarter earnings season wraps up, accounting sleuths are once again scouring the latest reports for disconnects between what company executives are telling investors and what the numbers are saying.
See Weekend Investor.


RETIREMENT

Money isn't going to make you happy

When it comes to feeling as though you're enjoying the good life, money matters. Make no mistake about it. But it's just one critical ingredient, according to a new study.
See Robert Powell on money isn't enough to make you happy.


INVESTING

Commentary: Investor sentiment heats up in July

The buyers are back in town. Bullish sentiment among investors rose to 40% from 21% in the first week of July, according to the latest survey from the American Association of Individual Investors, while 33% of respondents were bearish, down from 57% earlier in the month.
See Jonathan Burton's Life Savings on investor sentiment heats up in July.


Best and worst stocks for July

As U.S. stocks made a comeback in July, some biotech, resource and industrial stocks lapped the broad market -- and several health-care and tech stocks fell far behind.
See story on best and worst stocks in July.


Emerging markets climb in July

Russian and Turkish stocks stood out from their emerging-market rivals in July, helping push the investment class to its best gain in four months as panic over European debt loads subsided and as China's economy expanded, albeit at a slower pace.
See story on emerging markets climb in July.


Commentary: The market needs a reality check

Central bankers have always been expected to play calming parent to markets' excited and unruly children.
See story on the market needs a reality check.


Mutual funds gained assets, thanks to bonds

Money returned to long-term U.S. mutual funds last month after investors pulled holdings out in May in the wake of the stock market's "flash crash," the Investment Company Institute said in data released Thursday.
See story on mutual funds gained assets, thanks to bonds.


REAL ESTATE

What to do with a reverse mortgage if you remarry

Question: I have a friend who took out a reverse mortgage with his wife. His wife passed away and he has since remarried. What happens to his new wife -- or more specifically, the house -- when he dies? Will she have to move out? If so, what can she do now to possibly prevent that when the fateful day comes?
See Realty Q&A on what to do with a reverse mortgage if you remarry.


SPENDING & SAVING

Is Chelsea Clinton setting a bad example?

I'm constantly amazed at how much some money people blow on the Great White Wedding. But Chelsea Clinton's forthcoming extravaganza takes the cake.
See story on is Chelsea Clinton's wedding too expensive?


PERSONAL TECH

The e-reader battle is just beginning

I'm a little more conservative than most tech writers when it comes to hot trends that may not be hot nor be trends.
See story on e-reader battle is just beginning.


ECONOMY & POLITICS

U.S. GDP growth slows to 2.4% rate in second quarter

The U.S. economy lost momentum in the second quarter, according to figures released Friday, which may raise concerns of an extended soft patch if not an outright contraction.
See story on U.S. GDP growth slows to 2.4% rate in second quarter.


Consumer sentiment falls in July

Concerns about personal financial prospects and the overall economy weighed down consumer sentiment in July, according to a report released Friday by Reuters and the University of Michigan.
See story on consumer sentiment falls in July.


SEC's Wyly brothers charges may depress GOP donations

Billionaire Texas brothers Sam and Charles Wyly have created a name for themselves by spending millions of dollars on conservative political candidates and committees, but new Securities and Exchange Commission charges against them are expected to depress - or completely wipe out - their donations to Republicans.
See story on SEC's Wyly brothers charge may depress GOP donations.


In Detroit, Obama hails auto-industry growth

The nation's auto industry is on the rebound, President Barack Obama said Friday, with all three U.S. automakers operating at a profit for the first time in six years after the government extended a multibillion-dollar lifeline.
See story on Obama hails auto-industry growth.


Offshore-drilling bill heads for House vote

The House of Representatives was set to vote Friday on a bill that would put tough new restrictions on companies that drill for oil offshore, with memories fresh of the disastrous oil spill in the Gulf of Mexico.
See story on offshore-drilling bill heads for House vote.


CARS

Despite lack of incentives, July car sales likely to be strong

As President Barack Obama rallied the nation's auto workers in Detroit Friday, industry analysts were polishing forecasts for what they widely expect to be a big month for auto sales.
See story on despite lack of incentives, July car sales likely to be strong.

MarketWatch .- Weekly Roundup.- MarketWatch's top stories for July 26 - 30., 2010

MarketWatch
Weekly Roundup
JULY 30, 2010

Top stories for July 26 - 30

By MarketWatch



U.S. stocks overcame an early decline on Friday and managed to end July with significant gains and buck a slowdown in second-quarter economic growth.

The Dow Jones Industrial Average the month 7.1% higher -- the first positive month for U.S. stocks since April and their best month since last July, when stocks were in the midst of a mighty bull run.

Investors have been greeted by a strong set of second-quarter earnings, a major source of encouragement after spending much of May and June fretting over the impact of a debt crisis in Europe and China's efforts to slow its growth.

Keep on top of the news over the weekend with us. Plus, MarketWatch features a look at the sleuthing that short-sellers use to u uncover accounting gimmicks by U.S. companies.

And check out our Week Ahead videos for a preview of all the big news events coming up in Asia, Europe and the U.S.

-- Greg Morcroft, assistant managing editor.

 Week Ahead in Europe

 Asia's Week Ahead: Focus on Toyota, Cathay Pacific

 U.S. Week Ahead: More Earnings; Data on Tap


GDP slows in second quarter to 2.4% rate

 See video The U.S. economy lost momentum in the second quarter, according to figures released Friday, which may raise concerns of an extended soft patch if not an outright contraction. Real gross domestic rose at a 2.4% annualized rate in the second quarter, well below the average 4.4% increase over the past six months. The 2.4% increase in GDP was close to the 2.5% expansion expected by economists surveyed by MarketWatch. Read MarketWatch's economic coverage.
FedEx turns hopeful as global economy strengthens

More evidence of an improving economic environment came when FedEx Corp. (FDX) raised its profit outlook and said it would again match employee payments into retirement funds. "It's definitely a positive sign that we are seeing improving global economic growth," said Jim Corridore, an analyst with S&P Equity Research. "Restoring the 401(k) match is also a sign of optimism that we're not going to see a double-dip recession." Read more about FedEx results on MarketWatch.

Banks' results reveal improving credit but tight margins

A slew of U.S. financial companies that reported earnings in the last two weeks showed improving credit trends and operating earnings, while also wrestling with interest margin pressure due to the government's efforts to depress mortgage rates, analysts said. A majority of banks beat earnings estimates with solid second-quarter results after credit trends improved across the industry, while banks squeezed as much as they could from their revenues. Read MarketWatch coverage of bank earnings.

BP chooses Dudley, an American, to turn its fortunes around

BP (BP) has a new chief executive. Robert Dudley is an industry veteran with wide-ranging qualifications, but it was his American passport as much as his in-depth knowledge of Russia and his green credentials that sealed the deal for the board. By mutual agreement, Tony Hayward will step down. "The tragedy of the Macondo well explosion and subsequent environmental damage has been a watershed incident," BP Chairman Carl-Henric Svanberg said in a statement. BP will be a "different company going forward, requiring fresh leadership." Read MarketWatch coverage of BP's new CEO.

Warren seen gaining key consumer protection post

An increasing number of Washington observers see improving odds that Elizabeth Warren will become the head of the important new Consumer Financial Protection Bureau, surviving mixed feelings from the Obama administration and determined opposition from bank lobbyists and Republicans. Speculation about Warren's nomination has captivated Washington since the president signed into law earlier this month historic regulatory changes for the banking and financial industries. Consumer advocates and a group of Democrat lawmakers in recent days have expanded their campaigns to seat the Harvard Law School professor. Read MarketWatch's story on Elizabeth Warren.

Citigroup to pay $75 million in SEC settlement

Citigroup Inc. (C) said it will pay $75 million to settle a lawsuit brought by the Securities and Exchange Commission that the bank failed to disclose $40 billion in subprime exposure to investors. Gary Crittenden, its former chief financial officer, agreed to pay $100,000 as part of the settlement. "The rules of financial disclosure are simple -- if you choose to speak, speak in full and not in half-truths," said Robert Khuzami, the SEC's enforcement chief. See full story.
More employers peg workers' insurance to health

Employees have a new reason to drop the donuts and stop smoking before benefits enrollment season begins in a few weeks. As companies put the final touches on their health care plans for 2011, more of them say they are planning to penalize workers who decline to participate in disease management or lifestyle behavior programs, who smoke, or who do not take part in voluntary health screenings offered by an employer. See full story on health and your job, on MarketWatch.
Why cash-in refinances are up

Cash-out refinancing gained popularity when home values were rising fast, and homeowners wanted to tap their home equity to put money in their wallet. Today, some borrowers are doing the reverse, bringing cash to the closing table when they refinance their home loan. "Consumers are a lot more conservative now," said Anthony Hsieh of loandepot.com, an online direct lender. "They're utilizing their cash now to invest into their mortgage ... they're not using it to buy boats or RVs or taking large vacations." See MarketWatch story on cash-in mortgage refinancings.

Microsoft's Ballmer says tablets are 'job one'

Microsoft Corp. (MSFT) Chief Executive Steve Ballmer stressed to Wall Street analysts on Thursday that the development of tablet computers outfitted with the company's software is "one of the top issues on my mind." "It's job one urgency here, nobody's sleeping at the switch," Ballmer told an audience at the company's annual analyst meeting. Read full story about Microsoft's tablet plans, on MarketWatch.

Gov. Schwarzenegger reinstates worker furloughs

Facing a $19.1 billion state deficit and with no budget in place, California Gov. Arnold Schwarzenegger reinstated furloughs for state workers in an executive order declaring a fiscal emergency Wednesday. The new furloughs call for state employees to take three unpaid days off a month, starting Aug. 1, until the state can enact a new budget or the state has enough cash on hand for the fiscal year. Read MarketWatch's coverage of the worker furloughs in California.

CNBC : Evening Brief.- March of the Profitless IPOs: More to Come Next Week. July 30th., 2010







LATEST STORIES


»click here to see the latest top stories from CNBC.com


LATEST VIDEO

CEOS: Who Do You Love?
Glassdoor.com releases its survey of the CEO most beloved by company employees, with CNBC's Jane Wells.
» Watch Video


NYT: Afternoon Business Update: F.D.A. Clears Way for Embryonic Stem Cell Trial. July 30th., 2010


BUSINESS:

Prescriptions Blog

F.D.A. Clears Way for Embryonic Stem Cell Trial

By ANDREW POLLACK
The move allows the world's first authorized test in people of a treatment derived from human embryonic stem cells.

Congress Seeks Information on Implants

By BARRY MEIER
Senator Grassley requested data from Zimmer Holdings on how it responded to complaints from surgeons.
Off the Charts

The Growing Resilience of Plastic

By FLOYD NORRIS
Consumers are defaulting on credit cards at a slowing rate, and that trend is expected to continue even if the economy suffers a double-dip recession.

Wall Street Settles Down After Taking In G.D.P. Report

By SUSANNA G. KIM
Investors were particularly fretful about the G.D.P. report because it comes at the end of a run of worse than expected economic data and a warning from the Fed.

Disney Sells Miramax for $660 Million

By BROOKS BARNES and MICHAEL CIEPLY
The deal ends a laborious bidding process that saw the label's co-founders, Harvey and Bob Weinstein, fall short in their attempt to regain control.


RTTNews : Evening Market Wrap.- Stocks End Little Changed Amid Convoluted Economic Outlook: July 30th., 2010

Evening Market Wrap Fri Jul 30 17:01 2010 

Commentary

Jul 30, 2010 Stocks End Little Changed Amid Convoluted Economic Outlook - U.S. Commentary Stocks ended Friday' session showing no clear direction, as a lower than expected GDP growth rate was offset by better than expected readings on Chicago-area business activity and consumer sentiment for July. The major averages ended little changed after swinging between gains and losses over the course of the day. Full Article

Economic News

Jul 30, 2010 Chicago Business Barometer Shows Unexpected Acceleration In Growth After reporting slowdowns in the pace of expansion in Chicago-area business activity in the two previous months, the Institute for Supply Management - Chicago released a report on Friday showing an unexpected acceleration in the pace of growth in the month of July. The ISM Chicago said its business barometer rose to 62.3 in July from 59.1 in June, with a reading above 50 indicating growth in Chicago-area business activity. Full Article
Jul 30, 2010 Q2 GDP Points To Slowdown In Pace Of Economic Recovery U.S. economic activity increased at a slightly slower than expected pace in the second quarter, according to a report released by the Commerce Department on Friday, with the report also showing a notable upward revision to the pace of growth in the first quarter. The report showed that gross domestic product increased at an annual rate of 2.4 percent in the second quarter compared to the revised 3.7 percent jump seen in the first quarter. Full Article

Earnings News

Jul 30, 2010 Weyerhaeuser Swings To Q2 Profit - Update Forest products manufacturer Weyerhaeuser Co. (WY) reported Friday a better-than-expected profit for the second quarter compared to a loss last year, boosted by sales growth and lower one-time charges. Adjusted earnings per share and quarterly revenues topped analysts' expectations. Full Article
Jul 30, 2010 Fortune Brands Lifts Full-year Outlook As Q2 Profit More Than Doubles - Update Fortune Brands, Inc. (FO), a manufacturer of distilled spirits, home products and golf equipment, reported on Friday a market-beating performance for the second quarter, boosted by a 9% sales growth. With an aim to outperform its markets, the company raised its full-year outlook for earnings and free cash flow. Full Article
Jul 30, 2010 Revisions Show Recession Was More Severe Than Estimated The U.S. economy slid into its downturn somewhat faster and more severely than previously estimated, according to new information from the Commerce Department. The department's Bureau of Economic Analysis Friday released its annual revisions to previously published data on the Gross Domestic Product figures for 2007 through 2009. Full Article

Corporate News

Jul 30, 2010 Chevron Q2 Profit More Than Triples; EPS Tops View - Update Oil giant Chevron Corp.'s (CVX) second-quarter profit more than tripled from last year, as the company benefited from higher crude oil and natural gas prices. Adjusted earnings easily surpassed Wall Street consensus estimate. Second-quarter net income attributable to the company surged to $5.409 billion or $2.70 per share from $1.745 billion or $0.87 per share reported last year, and were higher than the prior quarter's $4.55 billion or $2.27 per share profit attributable to the company. Full Article

Forex Top Story

Jul 30, 2010 Dollar Backpedals To End Brutal July The dollar remained at the mercy of the sterling and yen on Friday, ending a brutal July at a multi-month low versus a basket of key majors. While economic momentum has been picking up elsewhere, particularly Latin America and Europe, where a sovereign debt crisis appears to have run its course, the US recovery remains in doubt amid stubborn weakness in housing and jobs. Full Article

Political News

Jul 30, 2010 Obama Boasts About Auto Bailout Results In DetroitPresident Barack Obama Friday sought to rally support around the government intervention to keep General Motors and Chrysler afloat. Obama, speaking during visits to GM and Chrysler plants in Michigan, sought to highlight the benefits to workers at the now-revived companies to blunt criticism of the federal bailout, one of the most frequently criticized actions of his presidency so far. Full Article

FOX BUSINESS: Breaking NewsGross domestic product up 2.4% in 2Q


GDP 276
GDP Up 2.4% in 2Q The recession was more severe than previously estimated as data showed growth at the end of last year was weaker than expected.| WATCH




THE MOST POWERFUL NAME IN BUSINESS NEWS

China Becomes No.2 Economy

Is the World Broke? China has overtaken Japan to become the world's second-largest economy.

Red Start After Weak GDP Data

Wall street was washed in red after the government said economic growth was less than expected.

Facebook Gets IPO Shy

The social networking web site may postpone its initial public offering until 2012.

Merck Profit Beats Street's View

The drugmaker reported higher-than-expected second-quarter earnings of $752 million.

House to Take Up Offshore Drilling

Lawmakers are poised to debate legislation clamping down on offshore drilling practices.

Blind Transparency

Experts say the SEC’s interpretation of a provision that exempts it from sharing information is wrong.

FGC BOLSA - FGC FINANCIAL MARKETS : MarketWatch - Industry - Financial Services.- Funding pressures start to ease for European banks. July 30th., 2010






INDUSTRY- FINANCIAL SERVICES


Funding pressures start to ease for European banks  
By Simon Kennedy MarketWatch


Funding pressures for European banks are gradually starting to ease following the region’s stress tests, with Spain’s BBVA and Santander both dipping a toe in the bond markets, but weaker lenders may still have to rely on central bank support for some time. See full story

Bond Report: U.S. 2-year yields back to record lows after GDP

 
By Deborah Levine MarketWatch


Treasury prices added to gains, pushing 2-year yields back to the lowest on record, after a report said the U.S. economy grew at a 2.4% pace in the second quarter, a little slower than many analysts expected and heightening concerns that the economy may struggle to recover. See full story