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Apr 21, 2010

Forbes Asia: The World Leading Companies. April 21rst, 2010

Latest Stories

The World's Leading Companies

The World's Leading Companies
This comprehensive report analyzes the world's biggest companies and the best performing of these titans.
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The Cleanest Countries In The World

The Cleanest Countries In The World
Europeans living under the ash cloud might disagree, but researchers rate Iceland tops in green performance.
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Australasia's Richest Loads Up On Debt

Australasia's Richest Loads Up On Debt
Graeme Hart, the master of the leveraged buyout is seeking $1.7 billion to reshuffle his empire.
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Chinese Car Companies Risk Major Mistakes

Chinese Car Companies Risk Major Mistakes
Local automakers should focus on acquisitions domestically, not abroad.
Read More Read More

Five Chinese Firms Make Strong Debuts

Five Chinese Firms Make Strong Debuts
Their shares rose sharply on the ChiNext board for emerging companies.
Read More Read More
Click for updates:

CNBC: Latest Stories: Major Issue in Goldman Case: Was there any Fraud, April 21rst, 2010

»Click Here For More Real-Time Markets Data

»click here to see the latest top stories from

New CNBC Original
CNBC 360 Beyond The Barrel: The Race To Fuel The Future
While the world remains addicted to oil, a global race is under way to break the dependency and discover the fuels of the future. Join CNBC’s Carl Quintanilla for a look at which countries are leading the charge to power our world for generations. See what promising solutions lie ahead and how close they are to becoming a reality.


  • One-on-One with Obama
    CNBC's John Harwood talks to President Barack Obama about pending legislation on financial reform, the possibility of raising taxes, and how the average American should think about Wall Street.
    » Watch V
 War on Salt
Senate Health Committee Chairman Tom Harkin pushing for mandatory salt reductions, with Meme Roth, National Action Against Obesity and Jeff Stier, American Council on Science and Health.
» Watch Video

Home Prices Cut
Home sale prices are stabilizing, with CNBC's Diana Olick and Heather Fernandez,
» Watch Video

GM's Loan Repayment
GM is paying back government loans in full, with interest ahead of schedule, with Stephen Girsky, General Motors vice chairman and CNBC's Phil LeBeau.
» Watch Video 

Evening Market Wrap: April 21rst, 2010

Evening Market Wrap Wed Apr 21 17:01 2010 


Apr 21, 2010 Stocks Close Mixed Amid Polarized Earnings Reaction - U.S. Commentary Stocks ended Wednesday's session split as the markets were drawn in opposite directions in reaction to a mixed batch of earnings data and a lack of significant economic news. The major averages closed on opposite sides of the unchanged mark after a lackluster session. Full Article

Corporate News

Apr 21, 2010 Ryder System Q1 Profit Rises, Revises FY10 ViewTruck rental and logistics service provider Ryder System, Inc. (R), Wednesday reported a sharp increase in profit for the first quarter, reflecting recovery in automotive industry, improvement in its supply chain solutions business and absense of charge recorded last year. Full Article
Apr 21, 2010 AMR Posts Wider-Than Expected Loss In Q1AMR Corp. (AMR), the parent company of American Airlines Inc., Wednesday reported a wider net loss for the first quarter, hurt by escalating fuel prices and challenges of the global economic environment. Following the news, the company's shares lost more than 7% in intra-day trading. Full Article
Apr 21, 2010 Cumulus CEO Lew Dickey To Spend A Billion On Radio AcquisitionsWhile the aftermath of the credit crisis left many industries unable to raise money, Cumulus Media Inc. (CMLS), the country's second largest radio broadcaster, announced earlier this month that it has formed a partnership with a private equity firm to buy radio stations and expand the company's footprint. Full Article
Apr 21, 2010 Genzyme Slips To Loss In Q1Drug maker Genzyme Corp. (GENZ) Wednesday turned to a loss for the first quarter from a profit last year, reflecting expenses associated with the US Food and Drug Administration's penalty on one of its plants. On an adjusted basis, net income declined, yet topped Street view. Full Article
Apr 21, 2010 Wells Fargo Q1 Profit DeclinesFinancial services provider Wells Fargo & Co. (WFC) reported Wednesday a decline in profit for its first quarter, reflecting higher provision for credit losses and Wachovia integration expenses. The company said it believes that credit at Wells Fargo has 'turned the corner'. First-quarter net income was $2.55 billion, down 16% from last year's $3.05 billion, and down 10% from preceding fourth quarter's $2.82 billion. Full Article
Apr 21, 2010 Morgan Stanley Swings To Profit In Q1Financial services firm Morgan Stanley (MS) Wednesday said it turned around to a profit for the first quarter, helped by strong revenue increases in its Institutional Securities, Global Wealth Management and Asset Management businesses. For the first quarter, Morgan Stanley's consolidated net income applicable to the company was $1.85 billion, compared with a loss of $17 million in the year-ago quarter. Full Article
Apr 21, 2010 Abbott Q1 Profit Down 30%; Lowers FY10 Ongoing EPS ForecastHealthcare company Abbott (ABT) Wednesday reported a 30% drop in first-quarter profit reflecting mainly the absence of a favorable item recorded last year. On an adjusted basis, earnings increased year-on-year and topped Wall Street view. Sales increased nearly 15% from last year, as four major worldwide business segments delivered double-digit growth. Full Article
Apr 21, 2010 Boeing Q1 Profit Declines, Yet Tops View; Cuts 2010 Profit OutlookAerospace and defense giant Boeing Co. (BA) reported Wednesday a 15% year-over-year decline in profit for the first quarter, despite solid performance across core businesses, impacted by a charge on health care legislation. Earnings from continuing operations declined, but topped analysts' expectations by six cents, while quarterly revenues missed consensus estimate by a whisker. Full Article
Apr 21, 2010 Altria Q1 Profit Up; Backs FY10 ViewTobacco products maker Altria Group, Inc. (MO) reported Wednesday a rise in first-quarter profit that reflected higher operating companies income or OCI from cigarettes, smokeless products and wine as well as an increase in earnings from equity investment in SABMiller Plc. In addition, the company reaffirmed its earnings per share forecast for the full year 2010. Full Article
Apr 21, 2010 Freeport-McMoRan Q1 Profit Soars; Doubles Annual DividendMining giant Freeport-McMoRan Copper & Gold Inc. (FCX) on Wednesday reported a profit for the first quarter that surged from last year, boosted by higher metal prices amid soaring global demand. The results for the quarter topped analysts' consensus estimate. Revenue for the quarter grew 68% from last year, but missed market view. Full Article
Apr 21, 2010 St. Jude Medical Q1 Profit Rises, Beats Estimate; Lifts FY10 EPS ViewMedical appliances and equipment company St. Jude Medical Inc. (STJ) on Wednesday reported an increase in first quarter net profit, which surpassed Street view, helped primarily by higher net sales and significantly improved operating margins. The company also guided its second quarter earnings and lifted fiscal 2010 earnings view. Full Article
Apr 21, 2010 Moody's Q1 Profit Rises, Beats Estimates; Backs FY10 EPS ViewCredit ratings provider Moody's Corp. (MCO) Wednesday reported an increase in profit for the first quarter, helped by high-yield bond and loan issuance. On an adjusted basis, earnings topped analysts' estimates. Further, the company reaffirmed its fiscal 2010 earnings guidance. Net income for the quarter attributable to the company grew to $113.4 million or $0.47 per share. Full Article
Apr 21, 2010 C.H. Robinson Worldwide Q1 Profit Down, Misses ConsensusFreight transportation and logistics solutions provider C.H. Robinson Worldwide Inc. (CHRW) reported a lower profit for the first quarter, missing analysts' expectations, as higher expenses offset the growth in revenues. John Wiehoff, chairman and chief executive officer, said, "Net revenue margin fluctuations are a part of our business model that we believe we are very capable of managing, but are difficult to predict and can have a significant impact on our results in the short term." Full Article
Apr 21, 2010 Visa To Buy CyberSource For About $2 Bln CashCredit card service provider Visa Inc. (V) on Wednesday announced signing of a definitive deal to acquire CyberSource Corp. (CYBS), a provider of electronic payment, risk management and payment security solutions, to accelerate the growth of its eCommerce business. Full Article
Apr 21, 2010 AT&T Q1 Profit Declines, Yet Tops ConsensusTelecom giant AT&T, Inc. (T) on Wednesday reported a 21% decline in profit for the first quarter, hurt by a charge related to the new federal health-care law. Excluding the charge, earnings per share topped analysts' consensus estimate. Revenues for the quarter edged up, aided by an increase in wireless subscribers. Full Article
Apr 21, 2010 McDonald's Q1 Profit Rises 11%Fast-food chain McDonald's Corp. (MCD) Wednesday reported an 11% increase in first-quarter profit as revenues improved 10% from the previous year on the strength of the company's value-menu items. Adjusted earnings easily surpassed Wall Street consensus estimate. The company's global comparable sales grew 4.2%. Full Article

Political News

Apr 21, 2010 Reid Spokesman Renews Call For Specifics Of McConnell's Wall Street MeetingA spokesman for Senate Majority Leader Harry Reid, D-Nev., released a statement Wednesday in which he once again called on Senate Minority Leader Mitch McConnell, R-Ken., to give specifics on a meeting he and Senator John Cornyn, R-Texas, held with Wall Street executives in New York City earlier in the month. Full Article
Apr 21, 2010 Tea Party Criticizes Corker For Willingness To Compromise On Financial ReformAn e-mail from Tea Party Nation sent Tuesday showed the group's disappointment with Senator Bob Corker, R-Tenn., for signaling that he may be willing to work with Senator Chris Dodd, D-Conn., on financial regulatory reform. "Until now, all 41 Republican Senators had stood firm, providing a filibuster that the liberals could not break," the e-mail said. Full Article
Apr 21, 2010 Americans Trust Obama On Supreme Court Choice Despite Low ApprovalA new Quinnipiac University poll released Wednesday showed that Americans are split when it comes to President Barack Obama's job approval rating but generally feel that he will make the right choice for the Supreme Court. According to the poll, which surveyed 1,930 registered voters April 14 - 19, 44% of Americans approve of the job Obama is doing as President compared to 46% who disapprove. Full Article
Apr 21, 2010 Obama Calls For "Smooth, Civil" Supreme Court Confirmation ProcessMeeting with top leaders from the Senate Wednesday, President Barack Obama said he hoped to have a smooth, civil and thoughtful confirmation process for the person he selects to replace retiring Supreme Court Justice John Paul Stevens. Full Article
Apr 21, 2010 Senators Pledge Thorough Review Of Next Supreme Court NomineeFollowing a meeting with President Barack Obama, key Senators involved in the upcoming confirmation process of the president's second Supreme Court nominee promised a thorough review. Sen. Patrick Leahy, D-Ver., the chairman of the Senate Judiciary Committee who will be tasked with shepherding the nominee through the Senate confirmation process, urged his colleagues to carefully evaluate the merits of any nominee. Full Article
Apr 21, 2010 Senate Agriculture Committee Passes Derivatives Reform BillBy a 13 - 8 vote Wednesday, the Senate Agriculture Committee approved a bill designed to reform regulation of the derivatives market, bringing financial regulatory reform one step closer to reality. The Wall Street Transparency and Accountability Act is sponsored by committee Chairwoman Blanche Lincoln, D-Ark., and is intended to be incorporated into the larger financial reform bill that will be considered by the full Senate in the coming weeks. Full Article
Apr 21, 2010 New $100 Bill Unveiled Featuring Advanced Anti-Counterfeiting TechnologyA new design for the $100 bill was revealed by officials from the Treasury Department, the Federal Reserve and the Secret Service on Wednesday, with the new design utilizing advanced technology to combat counterfeiting. Treasury Secretary Tim Geithner said, "As with previous U.S. currency redesigns, this note incorporates the best technology available to ensure we're staying ahead of counterfeiters." Full Article

NYT: Afternoon Update

The New York Times

     Afternoon Update

April 21, 2010

Senate Panel Approves Tougher Rules on Derivatives

One Republican senator joined Democrats in approving the bill, a crucial component 
of a larger financial overhaul.

Automakers Show Progress After Losses in Bankruptcy

Chrysler reported a small operating profit in the first quarter, while G.M. said it has 
repaid its government loans ahead of schedule.

Pope Promises to Confront Sexual Abuse Crisis

Pope Benedict XVI said that he had met with abuse victims and "assured them of 
church action."

Lead Poisoning Is in Decline, but Proves a Stubborn Nemesis

Contamination among young children has dropped sharply in the U.S., but in poor 
urban areas it remains a challenge.
Magazine Preview

The Man the White House Wakes Up To

The daily e-mail from Mike Allen, Politico's star reporter, has become a morning
for Washington's elite.
What's Missing in the Banking Bill?TimesCast

Video: TimesCast

A daily look inside The Times's 
newsroom. Today, the Supreme Court opening, fighting homelessness and more.

Room for Debate

What's Missing in the Banking Bill?

Are the proposed financial regulations too onerous or too lax?

Challenging China in Rare Earth Mining

Demand is surging for rare earth minerals as customers, particularly the U.S. military, 
seek alternatives to China, which now mines 97 percent of such minerals.

Trading Unit Propels Morgan Stanley

The bank reported quarterly net income of $1.8 billion. Much of its profit was built on
the improving results of its trading unit.

A Bit of Hesitation on Wall Street

Companies continued to report earnings that topped expectations, but worries about
Greece slowed Europe.

France Readies Cash as Greek Talks Begin

Talks on an international aid package for Greece started as France put in place 
to provide its share of the loans arranged with its European partners for Athens.

As British Airports Open, Huge Backlog Remains

Three quarters of Europe's flights were expected to proceed Wednesday, but the
could take weeks to unwind.

FORA tv : The Big Question: Wall Street Reform? TWO VIEWS: Spitzer and Stiglitz. April 21rst, 2010

Forbes: Family Swindled By Madoff Fights $61 Million IRS Bill. April 21rst, 2010

Family Swindled By Madoff Fights $61 Million IRS Bill
William P. Barrett
Estate tax battle is latest hit for heirs of real estate tycoon Norman F. Levy.

Don't Overestimate Your State Tax
William Baldwin
It pays to take another look at your withholding and estimated tax payments.
Tax Preparer Vows To Fight IRS Bid To Ban Him
William P. Barrett
Tobias Elsass says agency approved ''99%'' of his claims for Madoff-like theft losses.
Response: Wabash College
Here's what this school had to say about Forbes' rankings of colleges' financial health.
Response: Birmingham-Southern College
Here's what this school had to say about Forbes' rankings of colleges' financial health.

The Washigton Post: Today's Opinions, Afternoon Edition

1) Goldman's non-scandal

The allegations of wrongdoing by Goldman Sachs appear shaky.

2) George Washington read here

If only more Americans had Washington's reading and studying habits.

3) Yes, we can fix the filibuster

There are four and a half steps to mending the filibuster.

4) Goldman's rendezvous with reality

It's unclear whether the Securities and Exchange Commission can prevail over Goldman Sachs in court. Goldman's legal obligations in this complex and contested transaction are murky. But whatever happens in court, the complaint against Goldman represents a watershed. It challenges a moral...

5) Setting the trap on Iran

What options would the U.S. have, short of war, to stop Iran's nuclear buildup?

6) Can we stop the speculators?

The Goldman Sachs scandal has done the unthinkable.

7) The revolt of the lower upper class

Fraud charges against Goldman Sachs could spark a revolt of the "lower upper class."

8) The Oval Office Book Club

As the battle over health-care reform crescendoed last month, President Obama let slip that he was still making time for some side reading. "We've been talking about health care for nearly a century," the president told a crowd at Arcadia University in Pennsylvania. "I'm reading a biography of Te...

9) Freedom vs. firewalls on the Internet

Our challenge: keeping the Internet open.

10) Populism of privilege

The Tea Party represents a small minority and won't determine the 2010 elections.

FGC BOLSA - FGC FINANCIAL MARKETS: SEC information updated available to the public and selected by FGC BOLSA - FGC FINANCIAL MARKETS. April 21rst, 2010

SEC information updated available to the public and selected by FGC BOLSA - FGC FINANCIAL MARKETS

1.- Financial Industry Regulatory Authority update available Here
2.- Nasdaq Stock Market updete, available Here
3.- The SEC charged today a prominent and philanthropist with a Ponzi scheme fraud:
     SEC Charges Prominent Miami Beach Businessman in $900 million Ponzi Scheme

MarketWatch: Personal Finance Daily. Ten Top Places to Relocate. April 21rst, 2010


Personal Finance Daily
APRIL 21, 2010

Wednesday's Personal Finance stories

By MarketWatch

Don't miss these top stories:

You can understand how salt got so popular. It offered one of the earliest ways of preserving foods so they could be stored or transported, with the added benefit that it made dull foods taste a whole lot better. Even though in the age of refrigeration we don't need salt so much as a preservative, it still makes canned and packaged foods a lot more palatable to plenty of people.

The problem is we now salt everything, and we salt it way too much for our own good. And it's not just the cheese Whoppers or the Slim Jims. Plenty of processed foods hold so much sodium that one or two servings is enough to push you past the recommended limit of 1,500 milligrams per day.

Because too much sodium can raise blood pressure and lead to heart disease and stroke, the Institute of Medicine is calling on federal regulators to force processors to lower salt levels in food. The idea is to do it gradually, so we won't notice so much, and already some food manufactures are voluntarily buying into that idea.

And while salt may be ubiquitous, and relatively cheap, these days we have ready access to a world of other spices that can do wonders for your taste buds without doing damage to your heart.

-- Steve Kerch, assistant managing editor


Most Americans' salt intake is too high

The processed food you buy soon may get an overhaul as public-health experts look for ways to lower Americans' salt intake. On Tuesday, experts from the Institute of Medicine called on the U.S. Food and Drug Administration to regulate sodium levels in food, saying widespread salt reduction could prevent 100,000 deaths a year.
See Health Matters Blog.

If you don't lose weight your finances will

You have to admire Michelle Obama for taking on an issue that can turn off millions of Americans, who themselves are overweight. From better food labels to more money for healthier foods in schools, the First Lady is taking on the issue with a vengeance, tackling the problem from many corners. But there's another, big reason that each and every parent should get rid of excess weight and teach their kids good eating habits: our financial futures.
See Jennifer Openshaw.

Obama nominates patient advocate to head Medicare, Medicaid

President Obama this week nominated Dr. Donald Berwick, a pediatrician, patient-safety advocate and Harvard professor, to be the top administrator for the Centers for Medicare and Medicaid Services (CMS). Temporary acting administrators have been filling in since the Bush administration's last confirmed pick, Dr. Mark McClellan, left the post in late 2006. If confirmed by the U.S. Senate, Berwick would lead CMS during a transitional period that anticipates a significant expansion of Medicaid and changes to Medicare, the health-insurance program for the elderly and disabled.
See Health Matters Blog.

Cobra subsidy goes on

Despite all the commotion over the health-care legislation, some unemployed people say they're more worried about what will happen to their group health insurance under Cobra.
See Health Care.


The Top 10 places to relocate in 2010

Job growth and a diverse economy helped launch Huntsville, Ala., nicknamed the "Rocket City," to the top of's annual list of best places to live.
See Real Estate.


Schwab to pay $200 million in bond-fund settlement

Charles Schwab Corp. on Tuesday agreed to pay $200 million to aggrieved investors who claimed the company had deceived them, but shares rose as investors had feared the final settlement costs would be much higher.
See Fund Watch.

Betting against Goldman is like betting against the house

We've just come out of the biggest financial crisis in 80 years. As the regulators lift the rocks they'll find plenty to go after. So what does this mean for investors? Should you bail out of the big banking stocks while you can? Or is this going to blow over?
See Brett Arends.


Women earn less than men but gap narrows

Decades after entering the labor force en masse women are still making less money than men, but the pay gap has narrowed in the last 10 years, according to a report from the Labor Department released Tuesday, which was Equal Pay Day.
See Gender Gap.


Europe long-haul flights resuming

Most European long-haul services were back in operation Wednesday as a trade group estimated that $1.7 billion in revenue was lost for the industry due to closures from the fears about flying through volcanic ash.
See Travel.

Flights resume at London's Heathrow

Travelers return to the United Kingdom, following a decision to re-open airspace closed by volcanic eruption, in light of evidence from test flights.
 Watch Video Report.


The SUV takes another tumble

The SUV industry takes another hit with Toyota forced to recall its 2010 Lexus GX460. Joseph B. White reports on the safety test by Consumer Reports that found the vehicle was at risk of rolling.
 Watch Video Report.


Tips for starting a small business

Would-be business owners should consider their objectives and target market before setting up shop and look locally for loans, Lani Hay, CEO of Lanmark Technology Inc. tells Kristen McNamara.
 Watch Video Report.

Real Clear Politics: April 21rst, 2010

Real Clear Politics Wednesday

Financial Debate Renews Scrutiny on Banks' Size - Sewell Chan, NY Times
The SEC's Dangerous Gamble - Harvey Pitt, The Daily Beast
Hope Rises For Real Financial Reform - Harold Meyerson, Washington Post
What's Missing From Dodd Bill - Wallison, Johnson, Cowen, & Thoma, NYT
Could the US Become Argentina? - Richard Rahn, Washington Times
Obama: D.C. Needs to Be More Like California - Matt Welch, Reason
GOP Will Pay Dearly If They Repeal ObamaCare - Jonathan Cohn, TNR
Obama Lost the 2010 Election in June, 2009 - Peter Ferrara, Am Spectator
Obama Unleashed - John Dickerson, Slate
All the President's Goldman Men - Michelle Malkin, New York Post
Health Bill is a Foreign Policy Victory - Thomas Friedman, New York Times
Setting the Trap on Iran - David Ignatius, Washington Post
The False Religion of Mideast Peace - Aaron David Miller, Foreign Policy
Myths About Capitalism - John Stossel, RealClearPolitics
Earth Day Turns 40: Smile, Don't Shudder - Bjorn Lomborg, USA Today
Will British Politics Be Changed Forever? - Jonathan Freedland, Guardian
Obama and the New Civility - Victor Davis Hanson, National Review
Politics Nation: In PA-12 Special, Democrat Seeks Distance From Party
RCP Blog: Q Poll: Obama Approval Down To 44% | SEC's Naked Politics


Son of Sarbox - Wall Street Journal
Congress Must Pass Comprehensive Climate Bill - The Nation
Our Love-Hate Relationship With Government - Des Moines Register
Tehran's Other Target: America 2015 - Investor's Business Daily

REUTERS:Morning Digest: European skies open but airline schedules scrambled

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Good Morning Fernando, WED 21 Apr 2010 
European skies open but airline schedules scrambled
Poland president vote on June 20, Komorowski leads
Futures point to flat open on Wall Street
Google in talks to buy ITA Software: report
Space shuttle safely home after one of last missions
Celtics cool Heat to open 2-0 series lead
Michael Douglas's son sentenced to 5 years
Third of U.S. teens with phones text 100 times a day

European skies open but airline schedules scrambled
April 21, 2010 05:47 AM ET
LONDON (Reuters) - Europe's skies were open for business on Wednesday but with so many planes having been grounded by the pall of volcanic ash spreading from Iceland it could take days or weeks to clear the backlog.

Full Article
Poland president vote on June 20, Komorowski leads
April 21, 2010 02:17 AM ET
WARSAW (Reuters) - Poland's acting President Bronislaw Komorowski called for an early presidential election to be held on June 20, his spokesman said on Wednesday, and opinion polls showed he would easily win the vote.

Full Article
Futures point to flat open on Wall Street
April 21, 2010 05:44 AM ET
(Reuters) - Stock index futures point to a mixed open on Wall Street on Wednesday, as investors braced for another raft of results, including those from Morgan Stanley .

Full Article
Google in talks to buy ITA Software: report
April 21, 2010 01:35 AM ET
(Reuters) - Google Inc is in talks to acquire airline IT and services provider ITA Software Inc, Bloomberg reported citing three people familiar with the matter.

Full Article
Space shuttle safely home after one of last missions
April 20, 2010 02:47 PM ET
CAPE CANAVERAL, Florida (Reuters) - The U.S. space shuttle Discovery landed safely at its home base in Florida on Tuesday, wrapping up one of NASA's last cargo runs and servicing missions to the International Space Station.

Full Article
Celtics cool Heat to open 2-0 series lead
April 21, 2010 02:38 AM ET
BOSTON (Reuters) - The Boston Celtics thrived despite the absence of Kevin Garnett and took command of their first-round playoff series with an emphatic 106-77 victory over the Miami Heat on Tuesday.

Full Article
Michael Douglas's son sentenced to 5 years
April 20, 2010 08:33 PM ET
NEW YORK (Reuters) - The son of Oscar-winning actor Michael Douglas was sentenced on Tuesday to five years in prison for possessing heroin and dealing large amounts of methamphetamine and cocaine out of a New York hotel room.

Full Article
Third of U.S. teens with phones text 100 times a day
April 20, 2010 02:05 PM ET
LOS ANGELES (Reuters) - A third of U.S. teenagers with cell phones send more than 100 texts a day as texting has exploded to become the most popular means of communication for young people, according to new research.

Full Article