Translate

Search This Blog

Search Tool




Oct 31, 2010

Financial & Forex info News:From BBC NEWS: Shangai bids , Brazil elections, Housing benefits cap to price



FROM
BBC News - Shanghai bids farewell to massive World Expo fair
BBC News - Brazil set to elect new president
BBC News - Housing benefit cap to price London's poor away - Shelter


NYT: Morning Business news


Why Twitter's C.E.O. Demoted Himself

By CLAIRE CAIN MILLER
Evan Williams may embody a classic Silicon Valley type: the inspired entrepreneur with good ideas for a start-up, but not the leader to execute a sophisticated business strategy.

Fox and Cablevision Deal Returns Signal

By BRIAN STELTER and BILL CARTER
Fox comes back to life in three million homes served by Cablevision just before Game 3 of the World Series.

Making Sure Nickelodeon Hangs With Cool Kids

By BROOKS BARNES
For the first time in years, Nickelodeon has momentum. It is searching for new franchises to fend off Disney Channel and cement its popularity with children and young teenagers.

The Washington Post: Today's Headlines & Columnists



TODAY'S HIGHLIGHTS

Republicans on the offensive as Tuesday nears; House could fall, Senate unlikely
Two days before Tuesday's midterm elections, Republicans appear poised to capture control of the House and are likely to make substantial gains in the Senate, an outcome that could dramatically alter the balance of power in Washington, according to a Washington Post analysis of competitive seats ...
(By Dan Balz and Chris Cillizza, The Washington Post)

Sanity and fear, meeting in the middle
(By Jason Horowitz, Monica Hesse and Dan Zak, The Washington Post)

Investigators link package explosives to al-Qaeda bomb-maker in Yemen
(By Peter Finn and Mary Beth Sheridan, The Washington Post)

Redskins' Donovan McNabb acknowledges season not up to his standards
(By Barry Svrluga, The Washington Post)

More Today's Highlights

POLITICS
Voter unrest echoes that of 1994, poll shows
Voters across the country are deeply unhappy with the performance of the Democratic Congress and as dissatisfied with how Washington works as they were in1994, when Republicans took control of both chambers, according to a new Washington Post-ABC News poll .
(By Jon Cohen and Dan Balz, The Washington Post)

Obama makes closing arguments before Election Day
(By Nia-Malika Henderson, The Washington Post)

Republicans on the offensive as Tuesday nears; House could fall, Senate unlikely
(By Dan Balz and Chris Cillizza, The Washington Post)

More Politics


NATION
Republicans on the offensive as Tuesday nears; House could fall, Senate unlikely
Two days before Tuesday's midterm elections, Republicans appear poised to capture control of the House and are likely to make substantial gains in the Senate, an outcome that could dramatically alter the balance of power in Washington, according to a Washington Post analysis of competitive seats ...
(By Dan Balz and Chris Cillizza, The Washington Post)

Sanity and fear, meeting in the middle
(By Jason Horowitz, Monica Hesse and Dan Zak, The Washington Post)

Investigators link package explosives to al-Qaeda bomb-maker in Yemen
(By Peter Finn and Mary Beth Sheridan, The Washington Post)

More Nation

WORLD
Investigators link package explosives to al-Qaeda bomb-maker in Yemen
Investigators examining explosives found in packages intercepted in Britain and Dubai suspect the material, preliminarily identified as PETN, points not only to the role of an al-Qaeda affiliate in Yemen but to a sophisticated bomb-maker who last year sent his brother to his death in an effort to...
(By Peter Finn and Mary Beth Sheridan, The Washington Post)

More World

METRO
Mysterious stranger returns coat, and cash, lost on Metro
Dear Dr. Gridlock: Iwanted to share a story and ask for your help. Yesterday afternoon, I exited a Red Line train at Metro Center and realized that I was missing my sport coat, with my wallet in the breast pocket.
(The Washington Post)

More Metro

BUSINESS
Google TV isn't ready for prime time
Google designed its Google TV software to bring the diversity of Web video to your TV without the complexity of the personal computer.
(The Washington Post)

More Business
 

NYT ALERT : FGC BOLSA - FGC FINANCIAL MARKETS . Innovation Isn’t a Matter of Left or Right


Alert Name: FGC BOLSA - FGC FINA
October 31, 2010 Compiled: 1:10 AM

BUSINESS DAY

Most people assume that market forces drive inventions. But over the last two centuries, collaborative, nonproprietary innovation has eclipsed, and transformed, the marketplace.

The moral Equivalent of Stagflation: Paul Krugman - New York Times Blog




October 30, 2010, 7:14 am

The Moral Equivalent of Stagflation

Martin Fackler and Steve Lohr have a good article this morning on parallels between the United States and Japan; regular readers know that I’ve been on this for more than two years. And the possibility of such a parallel was the main theme of the original version of The Return of Depression Economics, which I wrote way back in 1999. Domo arigato, Bernanke-san.
What I don’t think is fully appreciated yet — and may never be, for reasons I’ll explain in a bit — is what this American remake of The Bad Sleep Well should be telling us about economic theory and policy.
Let me offer a parallel: the stagflation of the 1970s.
Stagflation had a huge impact on economic thinking. Why? Mainly because it was predicted: the Friedman-Phelps natural rate hypothesis said that the apparent positive trade-off between inflation and unemployment would prove only temporary, and that once inflation had gone on for a while, disinflation would involve a period of both high inflation and high unemployment.
So when that condition actually materialized, it gave huge prestige to the whole program of grounding macroeconomic models in micro-economic foundations. When I was in graduate school, which was just when the saltwater-freshwater divide was beginning to widen, I remember some of my classmates arguing that we should believe what the Chicago guys were saying — after all, they’d been right so far.
Of course, stagflation also gave a boost to the political right, although with much less justification; to this day, right-wingers basically wave the bloody shirt of stagflation to justify any and all opposition to government programs.
So what’s the parallel with the Nipponization of the U.S. economy? Well, like the stagflation of the 1970s, our current predicament was predicted well in advance. Liquidity-trap theorists — yes, with me playing a large and early role — told you what would happen if the economy suffered a sufficiently severe negative shock, one that pushed us up against the zero lower bound. We predicted, specifically, that:
1. Increases in the monetary base would fail to increase broad monetary aggregates, let alone boost the economy
2. Despite large monetary base expansion, the economy would slide toward deflation, not inflation
3. Despite large budget deficits, interest rates would stay low, because short-term rates would stay pinned at zero
All of this was, like the natural rate hypothesis, grounded in a basic theoretical approach, embodied in simple models.
Everything that has happened these past two years has fit that basic model; meanwhile, those who failed to accept the implications of the liquidity trap have been wrong over and over again.
But here’s the thing: I see no signs of a rethink among most players. The slide toward deflation despite huge increases in the monetary base hasn’t shaken either the paleomonetarists who still predict hyperinflation or the it’s-all-the-Fed’s-fault crowd. The failure of interest rates to soar hasn’t shaken the deficit hawks. Instead, the usual suspects have taken the failure of an inadequate stimulus to produce a solid improvement in employment — a failure I, among others, predicted! — as proof that they were right.
It’s disheartening, to say the least. You really have to wonder if economics has become completely unmoored from evidence, whether anything can ever convince anyone that they were wrong.

Oct 30, 2010

Fear as Google revamps search

Fear as Google revamps search

MarketWatch: The Week's Top Videos

MarketWatch
Weekly Roundup
OCTOBER 30, 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 Oct. 25-29:

LeBron's new Nike ad causes a stir

LeBron James teams up with Nike for a commercial that plays on the controversy surrounding his decision to leave the Cleveland Cavaliers and join the Miami Heat.
 Watch Video Report.


Las Vegas, Singapore style

The stocks of both Las Vegas Sands and Genting look expensive right now. But on a 10% pullback, they'd be worth a bet by long-term investors. Clare McKeen reports.
 Watch Video Report.


The wild-card costs of tablets

Simon Constable, Peter Kafka, and Lauren Goode discuss the different price points of tablets, still a relatively new category of computing devices in the market and listed at a variety of prices.
 Watch Video Report.


Federal Reserve gears up for stimulus

The Fed is close to embarking on a new round of monetary stimulus next week despite doubts among economists and some Fed decision makers. Jon Hilsenrath discusses.
 Watch Video Report.


Rex on Techs: Ellison's firing at will

Love him or hate him, you've got to hand it to Oracle's Larry Ellison: In this age of public relations and media manipulation, he's unusually candid -- especially in calling out H-P and its new executives. Rex Crum reports.
Watch Video Report.

House races tell the story of midterm elections

John Bussey discusses several House races that tell various themes about the midterm elections.
 Watch Video Report.


Using iPhone, iPad apps for business

Wireless apps aren't just about slingshotting birds or drinking virtual beers anymore. Increasingly, businesses are getting in on the craze, too. Spencer Ante reports.
 Watch Video Report.


S.F. Giants: A lot of change in 8 years

Can the Giants escape their tortured World Series of the past? We take a look at 2002 versus 2010, and what's different. Stacey Delo reports.
 Watch Video Report.


Buying into emerging-markets consumers

Strong economic growth is bringing great wealth to developing countries and giving rise to a consumer class with a lengthy shopping list. Tom Sowanick, CIO at OmniVest Group, tells Jonanthan Burton about consumer-sector opportunities across Asia and Latin America.
 Watch Video Report.


Body scanners at Orlando International Airport

What's underneath your clothing? Security screeners at Orlando International Airport will soon be getting a good look before you board an airplane.
 Watch Video Report.

MarketWatch:: Personal Finance Daily.- This Week's Top Personal Finance Stories

MarketWatch

Personal Finance Daily
OCTOBER 30, 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 Oct. 25 to 29:

How Washington could create jobs

The federal government has spent hundreds of billions of dollars to lift Americans out of the worst economic downturn since the 1930s, but jobs remain in short supply.
Read more on how Washington could create jobs.


Record-low mortgage rates will be gone in 2011: MBA

Mortgage rates may be as low as they'll get — rates are on course to rise, slowly moving toward 5% by the end of next year, according to the Mortgage Bankers Association's economic forecast, released Tuesday at the group's annual convention here.
Read more on record-low mortgage rates will be gone in 2011: MBA.


Retire in France at 62? In Turkey, it's 45

n France, workers took to the streets in angry protest when lawmakers first proposed hiking that country's retirement age for full pension benefits to 62, from 60, but in many other countries, workers would welcome an age-62 rule. Except Turkey.
Read more on retire in France at 62? In Turkey, it's 45.


U.S. retirement system ranks 10th — out of 14

When it comes to retirement, we here in the U.S. can celebrate the fact that we're not France. We presumably don't have as much reason to riot in the streets. Then again, given the results of some research just released, we have no reason to be dancing in the streets, either.
Read more on U.S. retirement system ranks 10th — out of 14.


Political gridlock is bad for your (stock) portfolio

f you ask Wall Streeters whether they think political gridlock in Washington is good or bad for investors, they're mostly of the same opinion: Gridlock is generally bad for most stocks and good for bonds.
Read more on political gridlock is bad for your (stock) portfolio.


Tougher appraisal standards coming soon

Appraisers and appraisal management companies are facing new requirements aimed at ensuring home valuations are accurate and fair — and they could be in for tougher penalties if they don't follow the rules.
Read more on tougher appraisal standards coming soon.


Stock funds yield surprisingly strong dividends

One of the mutual-fund world's dirty little secrets has been that "growth-and-income" and "equity-income" funds provided shareholders with virtually no income.
Read more on stock funds yield surprisingly strong dividends.


Calif. Chamber of Commerce fights pot proposition

A California ballot initiative that would legalize adults' recreational use of small amounts of marijuana is raising questions about its potential impact on workplaces in the Golden State should the measure pass on Nov. 2.
Read more on Calif. Chamber of Commerce fights pot proposition.


Costs rise, even if Social Security doesn't

Thanks to low average inflation nationwide, retired Americans' Social Security checks in 2011 won't include a cost-of-living increase for the second year in a row. But even though the inflation rate has been low for about two years, older people report that they're paying more for a variety of items.
Read more on costs rise, even if Social Security doesn't.


Consumers plan to spend more on travel — that's a good thing

Travel costs are on the upswing and that seems to be OK with almost a third of the people planning a trip during the holidays, according to recent survey results.
Read more on consumers plan to spend on travel.

NYT: Morning Business News




After China's Rare Earth Embargo, a New Calculus

By KEITH BRADSHER
Alarmed by China's recent embargo, many countries are now scrambling to develop new mines or renovate ones long considered not to be worth the effort.

Pontiac, 84, Dies of Indifference

By NICK BUNKLEY
The brand that invented the muscle car will endure a lonely death on Sunday after about 40 million in sales.

U.S. Says Genes Should Not Be Eligible for Patents

By ANDREW POLLACK
The new position, a shift in longstanding federal policy, will impact medicine and the biotechnology industry.

The Washington Post. Today's Headlines & Columnists.




TODAY'S HIGHLIGHTS

Obama: Suspicious packages are a 'credible terrorist threat'
Two packages mailed from Yemen and addressed to synagogues in Chicago contained explosive material and represented a "credible terrorist threat," President Obama said Friday, as authorities focused their investigation on an increasingly lethal affiliate of al-Qaeda.
(By Peter Finn, Greg Miller and Anne E. Kornblut, The Washington Post)

Amid mortgage mess, owners blindsided
(By Dina ElBoghdady, The Washington Post)

Virginians share lesson learned: GOP in power not so bad
(By Rosalind S. Helderman, The Washington Post)

China gives U.S. 'assurances' on export of rare-earth minerals
(By John Pomfret, The Washington Post)

Teleconferencing from the war zone improves treatment for wounded soldiers
(By David Brown, The Washington Post)

More Today's Highlights

POLITICS
Virginians share lesson learned: GOP in power not so bad
President Obama and other Democrats are going around the country making the same argument as party leaders made in Virginia last year: If you elect Republicans, they'll drive the car right back into the ditch.
(By Rosalind S. Helderman, The Washington Post)

More Politics


NATION
Obama: Suspicious packages are a 'credible terrorist threat'
Two packages mailed from Yemen and addressed to synagogues in Chicago contained explosive material and represented a "credible terrorist threat," President Obama said Friday, as authorities focused their investigation on an increasingly lethal affiliate of al-Qaeda.
(By Peter Finn, Greg Miller and Anne E. Kornblut, The Washington Post)

FBI: Shooter could be a Marine
(By Maria Glod and Kafia Hosh, The Washington Post)

Teleconferencing from the war zone improves treatment for wounded soldiers
(By David Brown, The Washington Post)

Amid mortgage mess, owners blindsided
(By Dina ElBoghdady, The Washington Post)

More Nation

WORLD
China's rise prompts Vietnam to strengthen ties to other nations
HANOI - Three weeks ago, an exhibition opened at the Vietnam Military History Museum. On one side of a long hall, the mementos of Vietnam's 25 years of war against the United States and France - letters of surrender, quotations from Ho Chi Minh, hand grenades and AK-47 rifles - lined the walls....
(By John Pomfret, The Washington Post)

In Pakistan, religious shrines step up security against attacks
(By David Nakamura, The Washington Post)

China gives U.S. 'assurances' on export of rare-earth minerals
(By John Pomfret, The Washington Post)

Teleconferencing from the war zone improves treatment for wounded soldiers
(By David Brown, The Washington Post)

Obama: Suspicious packages are a 'credible terrorist threat'
(By Peter Finn, Greg Miller and Anne E. Kornblut, The Washington Post)

More World

METRO
Prince George's election is chance to start fresh chapter
Will Campos hopes to find a way to complete the arts district on Route 1. Obie Patterson wants to help wayward youths. Ingrid M. Turner is eager to renovate aging school buildings and make school more challenging. Eric C. Olson says the county needs more sustainable communities, where residents c...
(By Miranda S. Spivack Washington Post Staff Writer, The Washington Post)

Pr. George's Man Guilty of Murdering Music Producer
(By Ruben Castaneda, The Washington Post)

Suspicious bags around NW raise false alarms
(By Martin Weil, The Washington Post)

FBI: Shooter could be a Marine
(By Maria Glod and Kafia Hosh, The Washington Post)

FBI: Shots at government buildings may be from Marine with a grievance
(By Maria Glod, Paul Duggan, Kafia Hosh and Chris Jenkins, washingtonpost.com)

More Metro

BUSINESS
Amid mortgage mess, owners blindsided
After Valarie Stovall fell behind on the mortgage on her home near Hagerstown, her lender agreed in April to slash her monthly payment by $300, and she immediately started paying the reduced amount.
(By Dina ElBoghdady, The Washington Post)

More Business

SPORTS
Odom leads Lakers past Suns in Phoenix home opener
PHOENIX -- Five months apart, the Los Angeles Lakers have consecutive victories in Phoenix.
(By BOB BAUM, AP)

Warriors bury Clippers but lose Curry
(AP)

Elias, Brodeur lead Devils past Ducks, 2-1
(By GREG BEACHAM, AP)

Maryland football playoff scenarios
(By Josh Barr, The Washington Post)

Virginia AAA Northern Region football playoff scenarios
(By Josh Barr, The Washington Post)

More Sports


STYLE
As moms and legal minds, first ladies Kendel Ehrlich and Katie O'Malley have much in common. Yet the campaign divide is wide.
Kendel Ehrlich is perched high on a swivel chair in the dimly lit radio studio at WBAL, wearing Levis and a pink T-shirt that displays her husband's campaign logo. The black leather purse below her feet is plastered with a campaign bumper sticker.
(By Ann E. Marimow, The Washington Post)

Thomas Hampson, giving Mahler and American songs their considerable due
(By Cecelia Porter, The Washington Post)

At Yardfest, tapping into the magic
Fans flock to festival at Howard to catch big names and breakout performers
(By Chris Richards, The Washington Post)

An extraordinary 'Mix': Colker troupe scales the heights
(By Sarah Kaufman, The Washington Post)

From Thomas McGuane, another kooks' tour -- well worth taking
(By Michael Lindgren, The Washington Post)

More Style  

NYT: FGC BOLSA - FGC FINANCIAL MARKETS ALERT.- Technology, Business Day / Global Business



Alert Name: FGC BOLSA - FGC FINA
October 30, 2010 Compiled: 12:48 AM

TECHNOLOGY

The overhaul, which it began to roll out on Friday, is aimed at making the site a more interesting destination and to ramp up advertising.

BUSINESS DAY / GLOBAL BUSINESS

Economists criticized Catalonia for offering especially generous terms, which could also set a worrying precedent for other regions that decide to follow suit.

BUSINESS DAY / GLOBAL BUSINESS

Gianluigi Aponte, the owner of the giant Mediterranean Shipping Co., says the cargo business has come back from the deep trough of 2009. But he’s focusing on something different.

 

Oct 29, 2010

From The Desk Of Nick Nicolaas: Zeal Intelligence Weekly News By Adam Hamilton

Dear Friends:
Adam Hamilton has posted his weekly Zeal Intelligence Newsletter on the Mining Interactive Website. Click here:
Zeal Intelligence Weekly

Brought to you by
604-657-4058
www.mininginteractive.com

View our Videos and Commentary

MarketWatch Weekly Roundup.- Top 10 Stories Oct. 25-29

MarketWatch
Weekly Roundup
OCTOBER 29, 2010

Top 10 MarketWatch stories Oct. 25 - 29

By MarketWatch



NEW YORK (MarketWatch) — As investors looked ahead to next week's key events in Washington and the likelihood of gridlock coming to Capitol Hill, they closed out October with solid gains.

The Federal Reserve's closely watched next moves to spur growth, along with expected Republican gains in midterm U.S. elections, will be a focal point for a busy start to November.

U.S. stocks ended October on an upbeat note, with the Dow Jones Industrial Average (DJIA) adding another 3% — its best October since 2006 — and the Standard & Poor's 500 Index advanced 3.7%. The tech-laden Nasdaq Composite Index jumped 5.9% for the month, its best October in seven years.

Stay with MarketWatch online and through the weekend. Our Weekend Investor feature focuses on how investors can play the expected outcome of the midterm elections. And don't miss our "Week Ahead" video reports that summarize the outlook for next week's key action coming up for investors in Asia, Europe and the U.S.

— Greg Morcroft, assistant managing editor

U.S. Week Ahead: Electoral showdown, Fed moves

Asia's Week Ahead: Monetary policy debate

Europe's Week Ahead: Telecom and bank news on tap


US economic growth hit 2%in the third quarter

The U.S. economy grew at a slightly faster pace in the third quarter but not by enough to raise hopes that a persistently high unemployment rate may start to decline, federal data indicated Friday. In its first estimate for the third quarter, the Commerce Department said gross domestic product rose at a 2.0% annual rate between July and September, faster than the 1.7% seen in the prior three months. Read MarketWatch story on third-quarter U.S. GDP growth

Ford earnings jump more than 50%

Ford Motor Co. (F) reported a 69% jump in third-quarter earnings Tuesday, marking five straight quarterly profits for the resurgent auto giant as it moves to slash debt and meet pension obligations. In addition, Ford said it would pay down $2 billion of debt and use cash to fully prepay the remaining $3.6 billion of debt owed to a health-care trust for retirees.Ford also said it has launched a tender offer for about $2.6 billion in convertible notes, offering a cash premium to encourage holders to convert the debt into common stock. See MarketWatch coverage of Ford earnings

Commentary: What are the TIPS telling us?

How much should you have to pay for an insurance policy that protects you against both severe deflation and hyperinflation?We found out the answer earlier this week: 55 basis points per year.Though you might not have recognized it as such, this answer was imbedded in the results of the government's latest auction for five-year TIPS — Treasury Inflation-Protected Securities. For the first time ever, the yield at which the TIPS were sold was negative: minus 0.55%. Read Mark Hulbert commentary on what the TIPS sale tells investors

Mortgage rates likely to end historic low run, rise in 2011

Mortgage rates may be as low as they'll get — rates are on course to rise, slowly moving toward 5% by the end of next year, according to the Mortgage Bankers Association's economic forecast, released Tuesday at the group's annual convention here.The group predicts rates on the 30-year fixed-rate mortgage will average 4.4% in the fourth quarter of 2010, increasing to a 4.7% average in the first quarter of 2011, and climbing to 5.1% by the end of next year. That's barring any "blockbuster" announcement from the Federal Reserve next month, said Jay Brinkmann, chief economist of the MBA. Read full story about the direction of mortgage rates on MarketWatch
J.P. Morgan, HSBC sued, plaintiffs allege silver manipulation

Two separate lawsuits filed in federal court in Manhattan Wednesday allege that banks J.P. Morgan Chase & Co. (JPM) and HSBC Holdings Inc.(HBC)  manipulate the price of silver futures by "amassing enormous short positions." The suits allege that by managing giant positions in silver futures and options, the banks have influenced the prices of silver on the New York Stock Exchanges' Comex Exchange since early 2008. The Commodity Futures Trading Commission has been in the midst of a high-profile, two-year-old investigation of the silver market. Read MarketWatch story on silver suit against big banks

Android surge helps power Motorola earnings in third quarter

Motorola Inc. (MOT) reported a surge in profit for the third quarter early Thursday as strong demand for the company's Android smart phones helped drive overall sales for the period. The results beat Wall Street's estimates. Unit sales of smart phones and average selling prices also came in ahead of forecasts. See MarketWatch coverage of Motorola's third quarter financial results

Government panel critical of Halliburton role in Gulf spill

Halliburton Co.(HA)  shares fell this week after the release of a preliminary government probe about the Deepwater Horizon disaster focusing on the cementing job done at the stricken Macondo well. A letter from the commission's lead lawyer said the investigation found that Halliburton may have known the cement mix used to seal the Macondo was inadequate for the task. Read about the government investigators' report on Halliburton's role in BP spill

Retirement ages vary widely around the globe

In France, workers took to the streets in angry protest when lawmakers first proposed hiking that country's retirement age for full pension benefits to 62, from 60, but in many other countries, workers would welcome an age-62 rule. Except Turkey. In Turkey, the retirement age now is essentially 45 for men and 41 for women, according to a report in October by the Organization for Economic Cooperation and Development, a research and policy group with 33 member countries. Read MarketWatch story about retirement ages around the world

Microsoft profit grow by half in third quarter

Microsoft Corp. (MSFT) on Thursday posted a 52% gain in fiscal first-quarter profit, as the software giant benefited from widespread adoption of the newest versions of its Windows operating system and Office suite of tools. Microsoft general manager of investor relations Bill Koefoed said in an interview that, "Businesses are spending money." He added, "The product lineup we have is as healthy as its ever been … so [chief information officers] are disproportionately budgeting their innovation spend on Microsoft." Read MarketWatch coverage of Microsoft's third-quarter earnings

California employers fight pot proposition

California employers fight pot proposition A California ballot initiative that would legalize adults' recreational use of small amounts of marijuana is raising questions about its potential impact on workplaces in the Golden State should the measure pass on Nov. 2. At issue: Would weekend pot smokers be the beneficiaries of growing social acceptance and less rigorous hiring standards related to their off-the-clock habits? Or would employers suddenly have to accommodate recreational pot smokers in a way that jeopardizes their ability to ensure a safe and productive workforce? Read MarketWatch story about employer worries over pot legalization in California.

CNBC Evening Bief.-Explosive Material in Cargo Packages Sent to US: Obama








LATEST STORIES


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

Alternative Investing On CNBC.com
CNBC 360 Cars, Coins, Commodities, Musical Instruments, Art
If you've had enough of stocks and bonds, try some of these money spinners. From fine art to fast horses, coins to commodities, movies to memorabilia, autos to antiquities, there's opportunity for savvy investors.
»Visit AlternativeInvesting.CNBC.com


LATEST VIDEO

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

RTTNews: Evening Wrap.- Obama Hails GDP Growth But Says More Yet To Be Done

Evening Market Wrap Fri Oct 29 17:01 2010

Commentary

Oct 29, 2010 Stocks End Little Changed As Traders Brace For Busy Week - U.S. Commentary Stocks turned in a lackluster performance on Friday, as trading activity was subdued ahead of next week's expected quantitative easing announcement from the Federal Reserve, the results of the midterm elections and the Labor Department's monthly employment report. For the week, the Nasdaq rose by 1.1 percent, while the Dow edged down by 0.1 percent and the S&P 500 showed almost no change. Full Article

Economic News

Oct 29, 2010 U.S. Economic Activity Expands For Fifth Straight Quarter Economic activity in the United States expanded for the fifth consecutive quarter in the third quarter of 2010, the Commerce Department revealed in a report on Friday, with the pace of growth in the quarter coming in line with economist estimates. The Commerce Department said that gross domestic product increased at an annual rate of 2.0 percent in the third quarter following the 1.7 percent growth that was seen in the second quarter. Full Article
Oct 29, 2010 Chicago Business Barometer Indicates Faster Rate Of Growth Chicago-area business activity unexpectedly saw a faster rate of growth in the month of October, according to a report released by the Institute for Supply Management - Chicago on Friday, with the pace of growth in the region accelerating for the second consecutive month. The ISM - Chicago said its Chicago business barometer rose to 60.6 in October from 60.4 in September, with a reading above 50 indicating growth. The increase came as a surprise to economists. Full Article
Oct 29, 2010 U.S. Consumer Sentiment Index Slips To Lowest Level Since November With a downward revision to consumer expectations more than offsetting an upward revision to their assessment of current conditions, Reuters and the University of Michigan released a report on Friday showing an unexpected downward revision to their consumer sentiment index for October. Full Article

Earnings News

Oct 29, 2010 Newell Rubbermaid Q3 Profit Falls; Adj. EPS Tops Estimates - Update Consumer and commercial products maker Newell Rubbermaid Inc. (NWL) reported Friday a decline in third-quarter profit, mainly reflecting higher one-time charges. On an adjusted basis, earnings increased from last year, and topped market projections, with higher sales and margins. Further, the company backed its fiscal 2010 normalized earnings and sales growth forecast. Full Article

Corporate News

Oct 29, 2010 ITT Corp. Q3 Profit Soars; Boosts 2010 Outlook Engineering and manufacturing company ITT Corp. (ITT) reported Friday a profit for the third quarter that climbed from last year, boosted by cost controls and strong sales from its fluid technology unit. This was partially offset by higher input prices and a poor performance from the company's defense electronics segment. Full Article

Political News

Oct 29, 2010 Obama Hails GDP Growth But Says More Yet To Be DonePresident Barack Obama Friday said that the news that the U.S. economy grew by 2 percent over the past three months was encouraging. However, despite continued growth and slow gains in job creation, Obama, speaking at a small business in Maryland, said more is yet to be done. Full Article
Oct 29, 2010 Meek Says He's Staying In Race, Denies Clinton Asked Him To Drop OutWhile media reports have suggested that Democratic Rep. Kendrick Meek, D-Fla., has considered dropping out of the three-way Florida Senate race, he emphatically declared Friday that he is in the race until the end. Reports have suggested that former President Bill Clinton, Florida Governor Charlie Crist and others have urged Meek to drop out of the race in order to give Crist a better opportunity to defeat Republican and Tea Party favorite Marco Rubio. Full Article