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Feb 24, 2010

MINING INTERACTIVE . MORE INFO ON " CONSOLIDATED GOLD MINES LIMITED "


MOSQUITO
CONSOLIDATED GOLD MINES LTD.
Mosquito intersects Best Copper Intersection to date at CUMO Deposit; Hole 53 intersects 1671 feet grading 0.97% Copper equivalent / 0.108% Molybdenite equivalent

  • The hole confirms that the copper mineralization is increasing to the west, while the molybdenum mineralization continues to the south and southwest, thus expanding the mineralized zone
Dear Friends:
This hole was drilled right where the older copper/gold/silver system and the younger moly systems meet. This drill hole shows that going into the west the copper/silver grades are going up and that Mosquito is now starting to get into the older copper/gold/silver porphyry system.
This is becoming more exciting all the time. We already know from the NI43-101 Resource Report that the Mosquito molybdenum bearing system supports the largest un-mined, open-pit molybdenum deposit in the world which according to the Company s Preliminary Economic Assessment study (PEA) indicates that the CUMO project has great economic potential and now this recent drilling is indicating a second copper/silver area and system to the west. So, we now have two systems, a moly and a copper/sliver system.
I and my family are invested (will be buying some more) and we are looking forward to the Company s 2010 drill program with great anticipation. The Mosquito Story continues to amaze!
Don t delay; do your research on Mosquito (TSXv-MSQ) today!
As always - - - Stay Tuned!!

Regards,
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"


The Metals
MiningInteractive Videos
Click Here

Stay tuned for the most recent updates on Mosquito Ltd. and other leading mining companies through the MiningInteractive Video Interviews.
Nick L. Nicolaas
(604) 657-4058
nick@mininginteractive.com

ZDNet Contratos Forex Info Alerts

Mary Jo Foley: Just when I was about to give up hope and add Live Mesh to my Microsoft deadpool, look what surfaced over on Liveside.Net. On February 22, LiveSide posted a bunch of new screen shots (via CNbeta.com) and information about some of the long-awaited Windows Live Wave 4 services, including Live Mesh.
Tue Feb 23 12:11:30 PST 2010

Mary Jo Foley: It sounds like there are three different chassis specs to which mobile developers interested in building Windows Phone 7 Series devices will be adhering. There aren't many public details on what these specs include, but thanks to a couple of Microsoft podcasters, here's a little more information.
Tue Feb 23 08:33:25 PST 2010

MINING INTERACTIVE. MORE INFO ON "THE TASMAN METALS LTD"


TASMAN METALS LTD.
The Tasman Metals Rare Earth Story Update

Tasman Initiates a Collaborative Research Project with the Ore Geology Division of the Lulea University of Technology in Sweden to Study its Norra Kärr Rare Earths (REE) Project
  • The drill program of approximate 2,000m to test the three-dimensional REE grade distribution throughout Norra Karr is continuing with a total 13 holes (1,730 metres) now completed
  • Drilling has slowed due to unseasonably cold weather and is now expected to conclude in early March 2010
  • The assay results from the first drill holes already completed are expected to be available in early March as well
Mark Saxon, Tasman Metals President & CEO stated:
"With the wealth of new data being generated from the Norra Karr drilling program, we feel it is an appropriate time to partner with a technical institution to learn more about the REE and Zr [Zirconium] distribution. By drawing on the expertise of Dr Tony Mariano, Tasman will be well placed to move the Norra Kärr project to the next stage."
Dear Friends:
The initiation of a collaborative mineralogical research project with the Lulea University of Technology in Sweden and Dr. Tony Mariano is a significant development for Tasman and its shareholders. The start of this research suggests that Norra Kärr is a project of merit, with the ability to distinguish itself in the REE market. Tasman is fortunate that the research will be guided by Dr. Tony Mariano, who's breadth of experience with most major REE projects will be invaluable.
It is now hard to decide if the Nora Kärr in Sweden will end up being Tasman's 'Flagship Project' or if Korsnäs, the past producing REE-Pb Mine the Company acquired earlier this month, will be? In my book, both projects are looking pretty darn good indeed.
As I mentioned before, Tasman is moving with lightening speed and its European focus makes them a unique story.
Stay Tuned - - - for the next Chapter in the Tasman Metals Rare Earth Story!!!

Regards,
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Acronyms used:
REE rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE light rare earth elements, lanthanum to samarium by atomic weight
HREE heavy rare earth elements, europium to lutetium plus yttrium
TREO rare earth elements, calculated as oxides, including lanthanum to
            lutetium plus yttrium
HREO heavy rare earth elements, as per HREE above, calculated as oxides
LREO light rare earth elements, as per LREE above, calculated as oxides
Strategic Metals, Including Rare Earth Elements and their common usage:


MiningInteractive Videos
View Here
Stay tuned for the most recent updates on Tasman Metals and other leading mining companies through the MiningInteractive Video Interviews.
Nick L. Nicolaas
(604) 657-4058
nick@mininginteractive.com

GATA DISPATCHES: Concern grow over China's sale of US bonds, February 24, 2010

Concerns grow over China's sale of US bonds

By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, February 24, 2010
http://www.telegraph.co.uk/finance/currency/7300770/Concerns-grow-over-C...
Evidence is mounting that Chinese sales of US Treasury bonds over recent months are intended as a warning shot to Washington over escalating political disputes rather than being part of a routine portfolio shift as thought at first.
A front-page story in the state's China Information News said the record $34 billion sale of US bonds in December was a "commendable" move. The article was republished by the National Bureau of Statistics, giving it a stronger imprimatur.
It follows a piece last week in China Daily, the Politburo's voice, citing an official from the Chinese Academy of Sciences praising the move to "slash" holdings of US debt. This was published on the same day that US President Barack Obama received the Dalai Lama at the White House, defying protests from Beijing.
"There are ongoing spats between the US and China on so many fronts so you have to assume that this is some sort of implicit threat," said Neil Mellor, a currency expert at the Bank of New York Mellon, who cautioned that it can be hard to read the complex signals from China.
"We still think China will have to continue buying US Treasuries by the bucket load. Where else can they invest in a liquid market? The euro has become a tarnished currency," he said.
China's power is growing so fast that it now feels confident enough to raise the stakes on a string of festering conflicts with the US. It has threatened to impose sanctions on any US firm that takes part in a $6.4 billion arms deal for Taiwan agreed by the White House. This is a tougher response that on any previous occasion and raises the spectre of a trade war over Boeing, the key supplier.
"Chinese leaders are deploying their reserves to try to pressure the US to stop haranguing China about its currency and trade policies, and to back off from interference in its domestic issues," said professor Eswar Prasad, former head of the IMF's China division.
Stephen Jen from BlueGold Capital said Chine is probably moving out of bonds from many countries as it prepares for a likely 5 percent revaluation of its currency in coming weeks. Other assets might prove better protection against an immediate loss on holdings
Use of China's $2.4 trillion reserves to challenge US foreign policy is fraught with problems, not least because any damage to America will recoils immediately against China -- which depends on the US market for its mercantilist growth strategy. Beijing cannot stop accumulating dollars unless it is willing to let the yuan ride, eroding the margins of its export industry. Some reserves can be parked in gold or even copper, but liquid commodity markets are not big enough to absorb the scale of Chinese surpluses.
China and America are locked together by fate. Any petulant action by either side involves a degree of "mutual assured destruction." But sometimes in politics -- as in life -- emotion flies out of control.

* * *

Support GATA by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://www.cartserver.com/sc/cart.cgi
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
http://www.goldrush21.com/
* * *
Help keep GATA going

GATA DISPATCHES. Financial Times notes Butler's and GATA's clamor to CFTC

Financial Times notes Butler's and GATA's clamor to CFTC

4p ET Wednesday, February 24, 2010
Dear Friend of GATA and Gold (and Silver):
Maybe the end times have arrived, since today the Financial Times took note of GATA, silver market manipulation exposer Ted Butler, and the many appeals sent to the U.S. Commodity Futures Trading Commission by Butler and GATA supporters. The FT's story is appended. Let's keep at it. Together we can make a difference, and we are making a difference. It just takes a while when you're fighting all the power and money in the world.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Silver and Gold Critics Win CFTC Hearing
By Gregory Meyer
Financial Times, London
Wednesday, February 24, 2010
http://www.ft.com/cms/s/0/a8fed910-2171-11df-830e-00144feab49a.html
When the US commodities regulator sought public input last year on a plan to damp oil speculation, most of the hundreds of missives it received were not about energy, but silver and gold.
One letter read: "I know your time is precious so I will make my request short and sweet. Please limit concentrated short positions in the silver futures market. This will allow the little guy a fighting chance against powerful market manipulators."
The barrage was the latest salvo from a group of small silver and gold investors who claim that a cabal of banks is conspiring to keep precious metals too cheap.
Now the silver and gold bugs have got the regulator's ear. The Commodity Futures Trading Commission this week announced it would host a public meeting in late March to discuss speculation limits in US metal futures.
This accommodates critics accustomed to brushoffs by Wall Street's precious metals traders.
Bart Chilton, a CFTC commissioner, says, "I'm not suggesting they have a legitimate argument. I looked at it carefully and I became convinced that it's something we should investigate." Previous CFTC inquiries in 2004 and 2008 found neither manipulation nor conspiracy.
The leading silver market gadfly is a newsletter publisher named Ted Butler, whose calls to action have goaded the CFTC for years. In gold, the loudest activist is the Gold Anti-Trust Action Committee (GATA), a group funded in part by small mining companies.
Silver and gold critics suspect that a handful of large banks control a disproportionate "short," or selling, position in futures. On New York’s precious metal market Comex, 42 per cent of the net short position in silver was held by four or fewer traders, according to CFTC data last week. Mr Butler thinks that share is too high.
"The silver price is artificially depressed," says 63-year-old Mr Butler, a former commodities broker who was once fined $30,000 by the CFTC for record-keeping violations in a larger orange juice manipulation case.
The gold action committee alleges that a "cartel of gold bullion banks" suppresses the gold price by secretly borrowing the metal from central banks and selling it. Further, Bill Murphy, the group's chairman, says: "GATA does not believe the US has all the gold the Federal Reserve says it has in its vaults. We basically think the gold market has been manipulated for the past decade."
CFTC staff have received similar complaints for years from gold and silver traders, without finding a smoking gun.
One weekend soon after joining the agency, former director of market oversight Michael Gorham said, his BlackBerry received about 150 e-mails from retail silver investors, including doctors and teachers, all devoted readers of Mr Butler. "They all were saying the same thing," he says. He investigated. In a 2004 letter to silver investors, he said that the claim of price suppression "fails to provide a coherent motive for manipulation."
CFTC staff in 2008 again found no evidence that prices were being manipulated. "People just religiously believe these things," says Mr Gorham, now a business professor in Chicago. "Reason is not necessarily going to make them change."
Silver and gold prices have both doubled in the past five years, whereas the Standard & Poor's 500 stock index has fallen. Gold in December hit a record high above $1,200 a troy ounce and remains not far from that peak.
Yet Mr Murphy thinks that is a bargain. If gold paced inflation it would be $2,300 an ounce, he says.
To substantiate their claims, these advocates piece together data from disparate government sources. CFTC data show that large commercial traders do hold large net short positions in silver and gold futures. But Wall Street traders say that while banks may be short on Comex, the US futures market is a small window on a global metals market centred in London. They say that most of the time their Comex short trades hedge similar "long," or buying positions in the UK.
But while the CFTC provides information on positions in New York, the UK regulators do not disclose similar information for London's over-the-counter precious metal market, so this argument is unlikely to mollify critics.

* * *

Support GATA by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://www.cartserver.com/sc/cart.cgi
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
http://www.goldrush21.com/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:

http://www.gata.org/node/16

GATA DISPATCHES.: Dominic Frisby: Ignore the IMF sales -- Soros is right about gold, February 24, 2010

Dominic Frisby: Ignore the IMF sales -- Soros is right about gold

10:50a ET Wednesday, February 24, 2010
Dear Friend of GATA and Gold:
In his new commentary at MoneyWeek, Dominic Frisby joins those who don't think that more gold sales by the International Monetary Fund will have much impact on the gold price, and he cites GATA in his arguments. Frisby's commentary is headlined "Ignore the IMF Sales -- Soros Is Right about Gold" and you can find it at MoneyWeek here:
http://www.moneyweek.com/investments/precious-metals-and-gems/imf-soros-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Support GATA by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://www.cartserver.com/sc/cart.cgi
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
http://www.goldrush21.com/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:

http://www.gata.org/node/16

CNBC . COM : Evening Brief Latest Stories, February 24, 2010


LATEST STORIES


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

NYT : Business Afternoon Update, February 24,,2010


Business Afternoon Update

Senate Votes 70-28 to Approve $15 Billion Jobs Bill
By CARL HULSE
Though modest in scope, the bill was hailed by Democrats as evidence that the parties could work together.

Obama Rejects Criticism of Agenda as Socialism
By PETER BAKER
Speaking to corporate leaders, President Obama defended his initiatives as the natural response to a historic economic crisis.

New-Home Sales at a Low in U.S.
By JAVIER C. HERNANDEZ and DAVID STREITFELD
The January plunge in purchases, along with a 12-year low in mortgage applications last week, cast a continued pall over the housing market.

Vaccine Approved for Child Infections
By DUFF WILSON
The vaccine, Prevnar 13, is effective against more types of bacteria, particularly a virulent subtype called strain 19A.

S.E.C. Moves to Put Limits on Short-Selling
By FLOYD NORRIS
The new restrictions would apply to any stock whose price has fallen at least 10 percent during a day’s session. 


More Business News

CFTC Sanctions and Other Important Releases, February 24, 2010



What's New at the CFTC

Get the Latest Information on...

Registration of Intermediaries
Commitments of Traders: The Commitments of Traders (COT) reports provide a breakdown of each Tuesday’s open interest for market reports in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.
Industry Filings: The Industry Filings search tool provides access to information about, and filings by, both U.S. and foreign trading facilities and clearing organizations.
Federal Register Releases: CFTC Federal Register releases, available in html and pdf formats, may be searched by year, type of release, or subject.
Public Comments: Proposed rules and industry filings open for comments, and instructions on how to file public comments.
Case Status Reports: The CFTC provides Case Status Reports to inform the public of the current status of ongoing legal cases brought against defendants accused of committing futures trading violations.
Fraud Awareness & Prevention: Before you trade in commodities or futures, know the kinds and signs of fraud and the basics of futures trading.

Reuters India: India may seek to diversify reserves, gold seen a safe bet



According to  Reuters India,  The holdings of  gold from India still behind the rest of major economies.Therefore, India may seek to diversify reserves, and gold is seen a safe bet.


To read full report of  Abhijit Neogy and Suvashree Dey Choudhury , click the following link:

http://in.reuters.com/article/domesticNews/idINSGE61N01O20100224  

Fernando Guzmán Cavero

MarketWatch: Personal Finance Daily, February 24, 2010

MarketWatch
Personal Finance Daily
FEBRUARY 24, 2010

Wednesday's Personal Finance stories

By MarketWatch



 
Don't miss these top stories:

The housing market is having a winter of major discontent. Millions of homeowners owe more on their mortgage than their home is worth on the current market, a real problem for those who want to sell. New-home sales are at a record low, in large part because so many homeowners who might buy new homes don't want to venture into this market to sell their existing house.

With snow storms shutting down large swaths of the Midwest and Northeast of late, and freezing cold as far south as Florida, you don't have to be a weatherman to figure the winds aren't blowing housing's way so far in 2010. The big question is whether there will be any life left when spring does arrive.

If you're a buyer, though, the seasons are reversed. As long as you don't have to rely on selling your current home, buying a house today is like walking on sunshine -- prices have fallen so far that affordability is near record highs, mortgage rates remain near record lows and the selection, well, you pretty much have your choice since there are so few of you out there.

All of this, in the end, boils down to confidence. A home is the biggest purchase most of us make, and signing for that big mortgage takes a great leap of faith that the times ahead will be good. Right now, nobody's jumping.

-- Steve Kerch, assistant managing editor

REAL ESTATE

11.3 million homeowners underwater on mortgage

More than 11.3 million homeowners -- nearly one-fourth of all Americans with a mortgage -- owe more on their loan than their home is now worth, according to a report released Tuesday by FirstAmerican CoreLogic.
See Real Estate.


New-home sales fall to record-low level

Sales of new U.S. homes plunged 11.2% in January to a seasonally adjusted annual rate of 309,000, the lowest rate on record dating back to 1963, the Commerce Department estimated Wednesday.
See Economic Report.


Mixed results from housing index

There are early signs that the housing market has stabilized. The big question for 2010 is how housing will react after the government begins to move its support away, Nick Timiraos reports.
 Watch Video Report.


THE JOB MARKET

Senate sends $15 billion jobs bill to House

A job-creation bill that would give businesses tax breaks for hiring workers and allow companies to write off certain expenses cleared the Senate on Wednesday and moves on to the House of Representatives for a vote.
See Capitol Report.


INVESTING

Why gold's rally may be a short one

The smart money remains gaga for gold, but veteran technicians eyeballing the charts think the yellow metal's recent pop could be punctured.
See Outside the Box.


Bull markets often begin before consumer confidence hits bottom

The stock market reeled Tuesday in the wake of the news that consumer confidence had fallen by a lot more than economists had expected. Here's one thing to remember before we get too dejected by this news, however: The last time that the Present Situation Index was as low as it is now was at the end of 1982 and early 1983. Coming as it did at the beginning of a two-decades-long bull market that was a great time to get into stocks.
See Mark Hulbert.


Cody Willard's Revolution Investing

Fox Business Anchor Cody Willard tells Simon Constable about his new premium newsletter on MarketWatch, "Revolution Investing."
 Watch Video Report.


Bracing for a bond bubble

Brett Arends joins the News Hub to discuss whether investors need to be protecting themselves from a bond bubble.
 Watch Video Report.


Lessons for investors in the Toyota mess

The Toyota fiasco contains a valuable lesson for ordinary investors. And it's nothing to do with cars. Events of the past month show, once again, why you should never put too much faith in the opinions of Wall Street experts and analysts. Even when they all agree about something? Especially when they all agree about something!
See Brett Arends.


HEALTH CARE

Insurers' market power growing, study finds

Amid growing discontent with the nation's health insurers, a new study shows the market power of individual carriers continues to grow, with 99% of all metropolitan areas considered to be at near-monopolistic levels.
See Health Care.


RETIREMENT SAVINGS

Strategies for retirement saving

Putting away the money from the first or second hour of wages earned can be one way to systemize savings, according to Nathan Dungan of Share Save Spend, who also says that communication is critical to reaching financial goals. Jonathan Burton reports.
 Watch Video Report.


CONSUMER WATCH

Credit-card fees: the new trap

A new federal credit-card law that takes effect Monday could erase billions of dollars a year in fees and interest charges paid by consumers. But card issuers are already deploying new tactics that could prove costly for even the most cautious cardholder.
See Consumer Watch.

Forbes. com : Out With The Old At Aol



Out With The Old At Aol
Taylor Buley
Layoffs begin at the Internet company.

Google Conquers Time
Quentin Hardy
Real-time search, translation, location--everywhere? Murdoch 1, Google 0
Oliver J. Chiang
The Internet giant released new tools that give news publishers more control over the search engine.
Digg Bets Big On A New API
Taylor Buley
The social media company aims to make developing for its platform easier.
The Pirate Bay's Heir Apparent
Andy Greenberg
As the world's biggest file-sharing sites clean up or shut down, all eyes are on Isohunt.

The Economist: Toyotas Trouble,, February 24, 2010

Toyota's troubles

Real Clear Politics : Top Five Stories, February 24, 2010

RealClearPolitics

February 24, 2010
You can always find the latest political news at RealClearPolitics.com.
Top 5 Stories on RealClearPolitics
What We Need is Real Health Insurance - Clifford Asness, Bloomberg
Should a business owner be allowed to run personal expenses through his company to get a tax break? Should an insurer charge the same premium for an u...
Bust the Health Care Trusts - Robert Reich, New York Times
My health insurer here in California is Anthem Blue Cross. So far, my group policy hasn’t been affected by Anthem’s planned rate increase ...
Dems' Flawed Health Bill Just Won't Die - Jay Ambrose, DC Examiner
President Obama's health care plan is beginning to seem like Grigori Rasputin, the evil, crazy pre-revolutionary Russian monk who was poisoned and liv...
Return of ObamaCare: The Legislative Context - Jay Cost, RealClearPolitics
With the Lazarus-like return of ObamaCare, Democratic insiders and pundits are again touting budget reconciliation as a viable way forward. Liberal bl...
On Health Care: If Not Now, When? - Harold Meyerson, Washington Post
Unless the sun rises in the West tomorrow, Thursday's health-care reform summit will yield no bipartisan concord. Congressional Republicans remain una...
More Opinion and Analysis
Is It Really 'Game On' for Reconciliation? - Sean Trende
The divide between health care supporters and health care opponents on the President's introduction of his health care bill and embrace of reconciliat...
Will Obama's Bid Add Up? - Ruth Marcus
WASHINGTON -- The White House description of President Obama's health care proposal as his "opening bid" raises the question: With whom is he bidding?...
Obama Shouldn't Push Health Bill Without GOP - Michael Gerson
WASHINGTON -- On health care reform, the strategy of President Obama and Democratic congressional leaders is psychologically understandable -- as well...

Forbes . Com : Intelligent Investing, February 24, 2010


Intelligent Investing with Steve Forbes

Features

Intelligent Investing
Drive Semis Into The Upswing
Semiconductor stocks are nice and cheap thanks to low inventories and strong demand. Dig in.
With Rick Whittington
Intelligent Investing Panel
Broker-Free Yield Stocks
With money market yields near zero, dividend reinvestment plans, or DRIPs, are on the rise for good reason.
With Alexandra Zendrian

Video: Intelligent Investing With Steve Forbes

Intelligent Investing With Steve Forbes
Stiglitz Lambasts Out Of Control Risk
Nobel Prize winning economist Joseph Stiglitz chronicles how risk-taking got out of hand.

Business Today: Stock futures point higher ahead of Bernanke testimony




If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE



Stock futures point higher ahead of Bernanke testimony
Bernanke to outline exit path to skeptical Congress
Toyota faces grilling in Congress
Google execs convicted in Italy for Down's video
Thomson Reuters sees 2010 revenue flat to slightly down
Citi in advanced talks to sell hedge business: report
Home purchase loan demand at lowest since 1997
Google execs convicted in Italy for Down syndrome video
World trade contracted 12 percent in 2009: WTO's Lamy
Democrats: Say Goodbye to Wall Street?


Stock futures point higher ahead of Bernanke testimony
February 24, 2010 08:29 AM ET
NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the U.S. central bank's thinking on the economy.

Full Article
Bernanke to outline exit path to skeptical Congress
February 24, 2010 07:06 AM ET
NEW YORK (Reuters) - Ben Bernanke may have cleared the hurdles to his confirmation for a second term as Federal Reserve chairman, but that does not mean lawmakers will be any friendlier to him at high-profile hearings on Wednesday and Thursday.

Full Article
Toyota faces grilling in Congress
February 24, 2010 08:28 AM ET
TOKYO/WASHINGTON (Reuters) - Toyota Motor Corp's president braced for tough questions from a U.S. congressional panel on Wednesday after the Japanese automaker conceded it had let safety standards slip and could still not explain most incidents of unintended acceleration.

Full Article
Google execs convicted in Italy for Down's video
February 24, 2010 08:10 AM ET
MILAN (Reuters) - A Milan court convicted three Google Inc executives on Wednesday for violating the privacy of an Italian boy with Down's syndrome by letting a video of him being bullied be posted on the site in 2006.

Full Article
Thomson Reuters sees 2010 revenue flat to slightly down
February 24, 2010 08:12 AM ET
NEW YORK (Reuters) - News and information provider Thomson Reuters Corp reported a lower quarterly profit and signaled that financial customer losses in 2009 would continue to hurt revenue in the current year.

Full Article
Citi in advanced talks to sell hedge business: report
February 24, 2010 07:16 AM ET
NEW YORK (Reuters) - New York-based SkyBridge Capital is in advanced talks to purchase Citigroup Inc's $4 billion hedge fund business, according to the Wall Street Journal.

Full Article
Home purchase loan demand at lowest since 1997
February 24, 2010 08:34 AM ET
NEW YORK (Reuters) - U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighed, data from an industry group showed on Wednesday.

Full Article
Google execs convicted in Italy for Down syndrome video
February 24, 2010 04:05 AM ET
MILAN (Reuters) - A Milan court has convicted three Google Inc executives for the 2006 transmission of a video showing the bullying of a youth with Down syndrome, the judge in the case told Reuters on Wednesday.

Full Article
World trade contracted 12 percent in 2009: WTO's Lamy
February 24, 2010 05:36 AM ET
BRUSSELS (Reuters) - Global trade contracted by about 12 percent in 2009 but has started to pick up, the head of the World Trade Organization (WTO) said on Wednesday.

Full Article
Democrats: Say Goodbye to Wall Street?
February 24, 2010 07:36 AM ET
WASHINGTON (Reuters) - U.S. banks and investment firms transferred their political contributions to Republicans in 2009 as Democrats in Washington put the focus on big bonuses, huge profits and tight lending, The Washington Post reported on Wednesday.

Full Article