Mar 29, 2010
1.- Alerts about the NASDAQ OMX BX, Inc. from the Securities and Exchange Commission. This information has recently been updated, and is now available.
2.-Updates on the National Stock Exchange from the Securities and Exchange Commission. This information has recently been updated, and is now available.
3.-NYSE Amex LLC for Securities and Exchange Commission. This information has recently been updated, and is now available.
4.-News Digest from the Securities and Exchange Commission. This information has recently been updated, and is now available.
|Evening Market Wrap Mon Mar 29 17:02 2010|| |
Mar 29, 2010 Stocks See Moderate Advance As Economic Optimism Takes Hold - U.S. Commentary Stocks rose by moderate margins to open the week on Monday, as a general sense of economic optimism coupled with news of a pickup in consumer spending prompted buying interest. The major averages all closed in positive territory, resuming their upward move after two lackluster outings to close out the previous week. Full Article
Mar 29, 2010 Wall Street Sees Moderate Advance As Economic Optimism Takes Hold Stocks rose by moderate margins to open the week on Monday, as a general sense of economic optimism coupled with news of a pickup in consumer spending prompted buying interest. The major averages all closed in positive territory, resuming their upward move after two lackluster outings to close out the previous week. The Dow gained more than 45 points, closing at a fresh eighteen-month high. Full Article
Mar 29, 2010 S&P Retains UK's Negative Outlook Standard & Poor's affirmed its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on the United Kingdom. The outlook remains negative. The rating agency expects to review the long-term rating and outlook again once medium-term fiscal policy becomes clearer following the 2010 parliamentary elections. Full Article
Mar 29, 2010 Personal Spending Rises For Fifth Straight Month In FebruaryPersonal saving took a hit in the month of February, according to a report released by the Commerce Department on Monday, as personal income unexpectedly came in unchanged, while personal spending rose for the fifth consecutive month. The report showed that personal income came in unchanged in February following an upwardly revised 0.3 percent increase in January. Full Article
Mar 29, 2010 Chinese Govt. Researcher Sees 12% GDP Growth In Q1 China's economy is likely to expand 12% in the first three months of the year, a government researcher reportedly said Monday. It follows 10.7% growth in the final quarter of 2009. Yu Bin, head of macroeconomic research at the State Council Development Research Center, told the Shanghai Securities Journal that the Chinese economic growth may slow in the second quarter. Full Article
Mar 29, 2010 Ford Sells Volvo To Chinese Automaker Zhejiang Geely For $1.8 Bln.Ford Motor Co. (F), Sunday said it has entered into a definitive agreement to sell Volvo Car Corp. and related assets to China-based car manufacturer Zhejiang Geely Holding Group Co. Ltd for a total value of $1.8 billion. The deal is expected to close in the third quarter of 2010 and Ford would continue to provide support for Volvo, without retaining any ownership, in order to facilitate a smooth transition. Full Article
Mar 29, 2010 U.S. Treasury To Sell Citigroup's Common Shares In 2010The U.S. Department of the Treasury Monday said that it plans to dispose of nearly 7.7 billion shares of Citigroup Inc.'s (C) common stock in 2010 subject to market conditions. "Treasury intends to sell its Citigroup common shares into the market through various means in an orderly and measured fashion," read a statement from the Treasury. Full Article
Mar 29, 2010 Rio Tinto Executives Jailed On Bribery Charges In ChinaA court in China has sentenced four executives of the Anglo- Australian mining giant Rio Tinto to lengthy prison terms after finding them guilty of bribery and theft of commercial secrets, reports said Monday. Australian Stern Hu, Rio Tinto's lead negotiator at the talks held with Chinese steel mills, was sentenced to 10 years in prison. Full Article
Mar 29, 2010 International Flavors & Fragrances Sees Higher EPS, Sales In Q1International Flavors & Fragrances Inc. (IFF), a manufacturer of flavor and fragrance products, Monday said it expects higher earnings and sales for the first quarter on improving business trends, including favorable comparisons from last year and customer restocking. Full Article
Mar 29, 2010 Enterra Energy Trust Slips To Loss In 2009Canadian oil and gas company Enterra Energy Trust (ENT, ENT_UN.TO) reported Monday a loss for the full-year 2009 compared to a profit last year, hurt by a 45% decline in revenues amid the drop sales prices for oil, gas and NGL. The company also said that its potential going forward is the direct consequence of solid, steady results since late 2007. Full Article
Mar 29, 2010 Pacific Ethanol Subsidiary Files Reorganization PlanPacific Ethanol, Inc. (PEIX), Monday said its wholly-owned subsidiary, Pacific Ethanol Holding Co. LLC, has filed a reorganization plan with the bankruptcy court in Delaware. The company's shares plunged more than 35% on the Nasdaq following the news. Full Article
Mar 29, 2010 Avnet To Buy Bell Microproducts For $252 Mln; Raises Q3 EPS View; Bell Shares Up 28%Electronic parts and computer hardware distributors Avnet Inc. (AVT) Monday announced that it will acquire Bell Microproducts Inc. (BELM) for an all cash consideration of $7 per share. Both the companies revised their revenue guidance for the current quarter, while Avnet lifted its earnings outlook for the third quarter. Full Article
Mar 29, 2010 Apollo Group Q2 Profit Declines, Yet Beats Estimate; Guides Q3 EPS Above ViewPrivate education provider Apollo Group Inc. (APOL) Monday reported a decline in net income for the second quarter, impacted by litigation charges. However, the results came in above analysts' mean expectations. Quarterly revenues improved 23.1% and met Street view, helped by higher number of enrollments. Full Article
Mar 29, 2010 Pennsylvania Man Arrested For Threats Against Cantor And His FamilyA Pennsylvania man was arrested Monday for threatening to kill House Minority Whip Eric Cantor, R-Virg., and his family. According to the Justice Department, Norman Leboon sent a YouTube Internet video to Google earlier in the month, in which he threatened to kill both Cantor and Cantor's family. Full Article
Mar 29, 2010 Most Americans Believe Middle Class Will Need To Sacrifice To Reduce DeficitA new Quinnipiac University poll released Monday showed that a vast majority of Americans believe that the middle class will have to make financial sacrifices in order to reduce the federal budget deficit. According to the poll, which surveyed 1,907 voters March 16 - 21, 84% of Americans believe the middle class will have to sacrifice to reduce the deficit. Full Article
Mar 29, 2010 Obama Condemns "Outrageous Acts" Of Terrorism Against RussiaPresident Barack Obama released a statement Monday in response to the suicide bombing attacks on Moscow's Metro system that left 37 people dead. "The American people stand united with the people of Russia in opposition to violent extremism and heinous terrorist attacks that demonstrate such disregard for human life, and we condemn these outrageous acts," Obama said. Full Article
Mar 29, 2010 New Poll Shows Most Uninsured Americans Are IndependentsA new Gallup poll released Monday showed that more Americans without health insurance consider themselves politically independent than Democrat or Republican. According to the poll, 48% of Americans without health insurance consider themselves to be Independents. Meanwhile, 31% identify as Democrats and 17% identify as Republicans. Full Article
Mar 29, 2010 Obama To Make 15 Recess Appointments, Including Becker To Labor BoardOver the weekend, President Barack Obama announced his intention to use recess appointments to fill fifteen critical administration posts. "The United States Senate has the responsibility to approve or disapprove of my nominees," Obama said in a statement. Full Article
Mar 29, 2010 Treasury Announces $600 Million Housing Assistance Program For 5 StatesThe Treasury Department Monday announced a new program aimed at helping homeowners in areas of the country suffering from the highest concentrations in unemployment. The program targets five states, North Carolina, South Carolina, Ohio, Oregon and Rhode Island, that have the highest percentage of their populations in counties with unemployment rates of higher than 12 percent in 2009. Full Article
Personal Finance Daily
MARCH 29, 2010
Monday's Personal Finance stories
- Money lessons from a financial pro
- Tax law is unfair to fund investors
- Dividend ETFs beckon income seekers
- On the job, the little things count
Read Jonathan Burton's Life Savings column for a sneak peek into one money pro's private financial life, including the details of where he invests his retirement savings and how he handles his money.
Spoiler alert: Unlike many individual investors, who after the crash took what was left of their money and ran, this money manager continues to invest in stocks for the long haul.
-- Andrea Coombes , Personal Finance editor
Money lessons from a financial pro
Scott Kays just celebrated his 50th birthday, and like most people his age he's juggling career, family, mortgage payments and other facts of daily life. He also makes sure that his investments and retirement goals are on track.
See Jonathan Burton's Life Savings.
Commentary: Tax law is unfair to mutual-fund investors
As mutual-fund investors finish up their tax returns for 2009, they might think about what is likely to happen this year, and what could have been.
See Chuck Jaffe.
The accidental tax evasion
Will you cheat on your taxes again this year? Time was when it was easy for citizens to avoid paying sales taxes on some purchases made online or out of state. EBay and Craigslist wouldn't be as fun otherwise.
See story on accidental tax evasion.
Get ready for April 15
With so much uncertainty surrounding Roth IRAs, AMT and other tax issues, it's time to get focused on tax planning and your entire financial picture.
Watch Video Report.
When to take a capital loss
Question: When can I take a capital loss on stocks of two companies that are in bankruptcy proceedings? There have to be millions of people asking the same question, but the companies' Web sites offer no help at all. When will these officially become worthless?
See Tax Q&A with Tom Herman.
The money rules kids should learn
It's a simple calculus, kids and money: From birth until college graduation, children consume dollars like they're chicken nuggets.
See Jeff D. Opdyke.
New help for some college borrowers
Buried in the health-care and education bill that Congress passed Thursday is modest help for parents borrowing to pay college costs. But the legislation doesn't address current and former students who are wrestling with education debt.
See story on college loans.
Clean out your financial clutter
Doing some spring cleaning? It should include the clutter in your financial life. But younger people may not be aware of what's important to keep and what's just taking up space.
See story on a spring cleaning for your finances.
ECONOMY & POLITICS
Sunshine ahead for labor market?
As the weather clears and spring arrives, the first true ray of sunshine since 2007 is expected to burst forth in the jobs market.
See Economic Preview.
U.S. consumer spending rises in February
Real consumer spending increased a seasonally adjusted 0.3% last month after having risen 0.2% in January, the Commerce Department estimated Monday.
See story on consumer spending.
Obama focuses on health care, student loans
President Barack Obama reflected on the passage of health-insurance reform on Saturday, but mainly used his weekly address to talk about changes in the student college-loan system.
See story on Obama's focus on health care, student loans.
Making electric cars more convenient
Shai Agassi has a simple way to describe Better Place, his modest effort to wean the world off the internal-combustion engine.
See story on electric cars.
The 2011 McLaren
With the world for the most part still trying to dig its way out of a recession, imagine an upstart sports-car company planning a two-seater in the very upscale Ferrari-Lamborghini class?
See Car Review.
Golf industry cheers Woods' comeback
The golf industry looks to score off Tiger Woods' comeback. And the likenesses of American idols Elvis and Muhammad Ali, as well as the rights to American Idol are owned by a company that is putting itself up for sale.
Listen to Radio Report on Tiger Woods and more.
Grandma was right
In a competitive job market and workplace, we often think we have to do something extraordinary to stand out, but this isn't necessarily the case. Sometimes, it's the little things that encourage people to remember and appreciate us -- the foundation for a career boost later on.
See story on job tips.
Dividend ETFs poised for a comeback
Exchange-traded funds that focus on dividend-paying stocks trailed the market by a wide margin in 2009, but they may attract yield-starved bond investors who are also worried about the prospect of rising interest rates.
See ETF Investing.
Commentary: From prison, Bernie Madoff channels Jack Bogle
Out of the mouths of crooks sometimes comes truth. And you can't find a bigger crook than Bernie Madoff. The convicted mastermind of maybe the biggest Ponzi scheme ever may have stolen $50 billion from individuals, foundations and charities in the U.S. and Europe, ruining countless lives.
See Outside the Box.
Why fund managers' hot performance isn't so hot
Where have all the geniuses been hiding, and why have they suddenly been popping up everywhere? When the first quarter's performance numbers come out next week, they will likely look impressive -- again.
See Jason Zweig.
Commentary: Gold tumbles but bugs see rebound
To paraphrase a dead German philosopher, what doesn't kill gold makes it stronger. After last week's stumble, a variety of gold bugs expect a renewed surge.
See Peter Brimelow.
Rising rates threaten rally
An extended rally in the markets will face new volatility as the Fed ends its mortgage-buying program, global markets editor Grainne McCarthy reports.
Watch Video Report.
How big is the iPad market?
WSJ's Yukari Kane and Barron's Eric Savitz join the Digits set to discuss why estimates of iPad sales are rising considerably and what that says about market for the much-awaited product.
Page last updated at 20:42 GMT, Monday, 29 March 2010 21:42 UK
Four executives of Rio Tinto are found guilty of bribery and secrets theft by a Chinese court and handed lengthy jail terms.
US Treasury plans Citi share sale
The US government is preparing to sell its 27% stake in Citigroup, in what would be one of the largest share sales in history.
Greece in 5bn euros bond issue
Greece raises 5bn euros from a bond issue as it continues to secure the funds needed to pull the country out of its debt crisis.
From The Desk Of Nick Nicolaas Gold And Different Ways to Look At The Yellow Metal, March 29th, 2010
From the Desk of Nick Nicolaas (FDNN) #86
March 29, 2010
a publication of
E U R O P E A N G O L D C E N T R E
E U R O P E A N G O L D C E N T R E
Once again, heres Henk:
Once again, heres Henk:
I am pleased to hereby send you the attached March issue of GOLDVIEW with worthwhile information on what is going on in the world of gold and gold mining and exploration. In my EDITORIAL COMMENT, I give you my view on gold and some of the different ways to look at the yellow metal.
In my ongoing effort to improve the content and to expand my horizon with companies that are not based and/or listed in Canada, I think that the new item DISCOVERIES will serve the purpose and be to your liking. In finding investment ideas in general but certainly with gold and mining and exploration companies, discoveries are what it is all about. Read about companies that are producing gold in THAILAND and the FIJI ISLANDS.
Two articles with positive opinions on the outlook for gold. In "Gold's Old Enemies: Allies in 2010", guest writer Marc Davis reports and comments on what John Embry, one of the most notorious commentators on gold and chief investment strategist of Sprott Asset Management, recently said on gold. And Jeffrey Nichols contributes another clear and outspoken article on why he things that "Gold - Looks Like a Steal!".
Moreover, the usual items COMPANY NEWS, MINING INVESTMENT EVENTS and GOLD NUGGETS.
Enjoy your reading and feel free to send me any feedback that you may want to give!
Henk J. Krasenberg.
As always - - Stay Tuned,
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Stay tuned for the most recent updates on leading junior exploration companies through the MiningInteractive Video & Radio Interviews.
For more information contact
Mining Interactive Corp.
"Ahead of the Pack"
|Nick L. Nicolaas|
Rothschilds Bring In an Outsider to Run the Show
By JULIA WERDIGIER
For the first time, someone outside the family has been given responsibility to run the banking
In Crucial Test, Greece Raises $6.7 Billion in Bond Sale
By DAVID JOLLY
The bond issue is the first borrowing test since the euro zone unveiled a rescue plan.
costs remained high.
U.S. Consumer Spending Up Modestly
By JAVIER C. HERNANDEZ
The 0.3 percent rise in consumer spending in February was considered a respectable showing,
given the winter weather.
Oil Prices Jump; Wall Street Shares Also Rise
By JAVIER C. HERNANDEZ
Traders were also reassured by reports that Greece, facing imminent deadlines for paying
back its widening debt, was planning a bond sale.
Treasury Plans to Sell Citigroup Shares This Year
By ERIC DASH
The government would turn about a $8 billion profit if sold its entire stake today, on top of
another $8.1 billion it has collected.
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Reuters: Daily Investor Update:DAI: Wall Street jumps on commodity boost, but Citi slips, March 29th, 2010
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