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Apr 28, 2010

CNBC: Latest Stories Marijuana and Money. April 28th, 2010







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

Marijuana & Money
CNBC 360 A CNBC Special Report
Many Americans support legalization and many states already permit medical use. An end to prohibition would generate billions in tax revenue and relieve the criminal justice system. Is it the right thing to do? Take a clear-eyed look at the business - legal - and consumer impact of buying into... the pot business.
»marijuana.cnbc.com


LATEST VIDEO

Goolsbee Talks FinReg & Goldman
Discussing financial regulation and the Goldman Sachs hearings, with Austan Goolsbee, Council of Economic advisers members.
» Watch Video
  

FGC BOLSA -FGC FINANCIAL MARKETS

FGC BOLSA -FGC FINANCIAL MARKETS

CFTC: Speeches and Testimony Update: April 28th, 2010

Speeches & Testimony

Date
Speeches & Testimony

CFTC: Releasepr5814-10.-Washington, DC – The Commodity Futures Trading Commission (CFTC) today determined, by a 5-0 vote, that seven contracts traded on the IntercontinentalExchange Inc (ICE) perform significant price discovery functions.April 28th, 2010

RELEASE: pr5814-10

April 28, 2010

CFTC Determines that Seven Contracts Traded on the IntercontinentalExchange Inc are Significant Price Discovery Contracts

Contracts are Subject to Commission Oversight, Emergency Authority and Large Trader Reporting Requirements

Washington, DC – The Commodity Futures Trading Commission (CFTC) today determined, by a 5-0 vote, that seven contracts traded on the IntercontinentalExchange Inc (ICE) perform significant price discovery functions. As such, the contracts must be traded in compliance with applicable core principles and statutory provisions. The Commission considered a total of 24 contracts traded on three Exempt Commercial Markets (ECMs): ICE, the Natural Gas Exchange, Inc (NGX) and the Chicago Climate Exchange, Inc (CCX). The Commission determined that the other 17 contracts it reviewed were not SPDCs.
ECMs are exempt from the provisions of the Commodity Exchange Act, other than the anti-fraud and anti-manipulation provisions. However, Congress provided a regulatory regime for contracts traded on ECMs that the Commission determines to be significant price discovery contracts (SPDCs) comparable to that provided for futures contracts traded on designated contract markets.
Contracts the Commission determined to be SPDCs include:

Forbes Asia: Latyest Stories Will China Subsidize Electric Vehicles? April 28th 2010



Latest Stories

South Korea's 40 Richest

South Korea's 40 Richest
A great year for the nation's wealthiest, as everyone got richer and a new record was set.
Read More Read More

Bharti Minutes in Africa

Bharti Minutes in Africa
Billionaire Sunil Mittal changed the Indian mobile scene. Now his company Bharti Airtel faces new challenges as they move into Africa.
Read More Read More

Will China Subsidize Electric Vehicles?

Will China Subsidize Electric Vehicles?
Only if it would benefit domestic automakers.
Read More Read More

The Incomplete Superpower

The Incomplete Superpower
China is in the midst of a national
identity crisis.
Read More Read More

Carson Yeung Pays His Bankers Off

Carson Yeung Pays His Bankers Off
Birmingham City's owner clears millions in debt that could have put his ownership at risk.
Read More Read More
Click for updates: forbes.com/asia

Forex - Foreign Exchange (FX) Market Information at NASDAQ.com


Forex - Foreign Exchange (FX) Market Information at NASDAQ.com: "Forex - Foreign Exchange:
Forex (FX) is the foreign exchange market where currency trading takes place. This market is unique due to its trading volumes, extreme liquidity, geographical dispersion, long trading hours, and a variety of factors affecting exchange rates.
Latest Forex News

*

Crude oil jumps above $83 on Fed comments
4/28/2010 5:38:33 PM - FXstreet.com
*

Forex: EUR/USD rises further and reaches 1.3200
4/28/2010 4:38:36 PM - FXstreet.com
*

Gold hits new 20-week high on Spain downgrade; retreats to opening
4/28/2010 4:38:31 PM - FXstreet.com
*

Forex: USD/JPY rises to fresh daily high after the FED
4/28/2010 3:38:21 PM - FXstreet.com
*

Fed leaves rates at record lows
4/28/2010 3:38:14 PM - FXstreet.com

More Forex News
Featured Forex Commentary

*

Calm after the Storm
4/28/2010 5:36:23 PM - FX360
*

FOMC Stands Pat, Spain Rating Cut
4/28/2010 4:35:56 PM - forexnews
*

Euro Rebounds But Bias Remains Negative
4/28/2010 11:21:28 AM - FX360
*

What next for the euro?
4/28/2010 9:36:11 AM - Interactive Brokers
*

Global Markets Fall-Risk of Contagion Materializes
4/28/2010 9:21:01 AM - forexnews

More Forex Commentary

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NASDAQ: [BRIEFING.COM] News of another sovereign downgrade helped gold prices extend their gains. April 28th, 2010

4/28/2010 3:30:00 PM ET DJ30 PointChange: +70.73 Level: 11062.72 NASDAQ PointChange: +3.99 Level: 2475.46 SP500 PointChange: +9.22 Level: 1192.83 NASDAQ-Adv:1460 Dec: 1212 NYSE-Adv:1899 Dec: 1144
[BRIEFING.COM] News of another sovereign downgrade helped gold prices extend their gains. The yellow metal finished pit trade with a 0.8% gain at $1171.80 per ounce. That marked a 2010 closing high.
Silver prices slipped, however. The metal closed at $18.11 per ounce, down 0.1%.
Energy prices staged strong gains. More specifically, oil prices were pushed 0.9% higher to $83.32 per barrel. Most of that move came in late trade, after prices had slipped back to their 50-day moving average and gyrated after weekly inventory data showed a larger-than-expected build of 1.96 million barrels.
Meanwhile, natural gas prices were able to move 0.8% higher to $4.35 per MMBtu.
Overall strength among commodities helped the CRB Commodity Index advance 0.5%, which made for a modest rebound after it dropped 1.9% during the prior session.

NYT:News Alert: Hewlett-Packard to Buy Palm for $1.2 Billion. April 28th, 2010

Breaking News Alert
The New York Times
Wed, April 28, 2010 -- 4:19 PM ET
-----
Hewlett-Packard to Buy Palm for $1.2 Billion
Hewlett-Packard said on Wednesday that it would acquire Palm,
the struggling cellphone maker, for $1.2 billion in cash.
Palm had begun exploring a sale as it continued to struggle
in the marketplace. While the company has won acclaim for
webOS, its new smartphone operating system, its new products
like the Pre and the Pixi have failed to draw customers away
from rivals like Apple and Research in Motion.
Read More:
http://dealbook.blogs.nytimes.com/2010/04/28/h-p-to-buy-palm-for-1-2-billion/?emc=na
-----

Forbes: Ken Fisher's Crazy Optimism. April 28th, 2010



Ken Fisher's Crazy Optimism
Fisher Investments CEO explains his bullish outlook to Steve Forbes.
Click the link below to read the full story:
http://www.forbes.com/2010/04/28/bullish-pessimism-disbelief-intelligent-investing-ken-fisher.html?partner=alerts

THE GATA DISPATCH: Somali pirates say they are subsidiary of Goldman Sachs APRIL 28th, 2010

Somali pirates say they are subsidiary of Goldman Sachs

Could Make Prosecution Difficult, Experts Say
By Andy Borowitz
The Borowitz Report
Sunday, April 25, 2010
http://www.borowitzreport.com/
NORFOLK, Virginia -- Eleven indicted Somali pirates dropped a bombshell in a U.S. court today, revealing that their entire piracy operation is a subsidiary of banking giant Goldman Sachs.
There was an audible gasp in the courtroom when the leader of the pirates announced, "We are doing God's work. We work for Lloyd Blankfein."
The pirate, who said he earned a bonus of $48 million in dubloons last year, elaborated on the nature of the Somalis' work for Goldman, explaining that the pirates attacked ships that Goldman had already shorted.
"We were functioning as investment bankers, only every day was casual Friday," the pirate said.
The pirate acknowledged that they merged their operations with Goldman in late 2008 to take advantage of the more relaxed regulations governing bankers as opposed to pirates, "plus to get our share of the bailout money."
In the aftermath of the shocking revelations, government prosecutors were scrambling to see if they still had a case against the Somali pirates, who would now be treated as bankers in the eyes of the law.
"There are lots of laws that could bring these guys down if they were, in fact, pirates," one government source said. "But if they’re bankers, our hands are tied."
 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://gata.org/node/wallstreetjournal
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

Internet Crime Complaint Center (IC3) | Home


 For any person who was victim of an internet Fraud.  There is  website you can file your complaint. Do not be afraid to speak up loud, the only way to fight crime in INTERNET.


Fernando Guzmán Cavero


Internet Crime Complaint Center (IC3) | Home: "Welcome to IC3

The Internet Crime Complaint Center (IC3) is a partnership between the Federal Bureau of Investigation (FBI), the National White Collar Crime Center (NW3C), and the Bureau of Justice Assistance (BJA).

IC3's mission is to serve as a vehicle to receive, develop, and refer criminal complaints regarding the rapidly expanding arena of cyber crime. The IC3 gives the victims of cyber crime a convenient and easy-to-use reporting mechanism that alerts authorities of suspected criminal or civil violations. For law enforcement and regulatory agencies at the federal, state, local and international level, IC3 provides a central referral mechanism for complaints involving Internet related crimes. read more >>
Filing a Complaint with IC3

IC3 accepts online Internet crime complaints from either the person who believes they were defrauded or from a third party to the complainant. We can best process your complaint if we receive accurate and complete information from you. Therefore, we request that you provide the following information when filing a complaint:

* Your name
* Your mailing address
* Your telephone number
* The name, address, telephone number, and Web address, if available, of the individual or organization you believe defrauded you.
* Specific details on how, why, and when you believe you were defrauded.
* Any other relevant information you believe is necessary to support your complaint.

File a Complaint >>
Search:
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Protect Yourself

* Internet Crime Prevention Tips
* Internet Crime Schemes

Public/Private Alliances
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FBI Scam Email Alert!
IC3 FlyerAdobe PDF
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FBI Fraud Flyer


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Google Finance: Stock market quotes, news, currency conversions & more

Google Finance: Stock market quotes, news, currency conversions & more: "New Zealand/Australia Morning Call-Global markets
Interactive Investor - 10 minutes ago
NEW YORK - US stocks rose on Wednesday after the Federal Reserve said interest rates would remain low for an extended period and pointed to signs of strength in the economy. The Dow Jones industrial average gained 73.83 points, or 0.67 percent, to 11,065.82. The Standard & Poor's 500 ...
US Stocks Gain Modestly After Fed Leaves Rates Unchanged MarketWatch
US Stocks Advance on Earnings, Fed Pledge to Keep Rates Low Bloomberg

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FOX BUSINESS. Economy. April 28th 2010


FOX BUSINESS: Commodities. April 28th, 2010

MarketWatch: Personal Finance Daily: Best Advice From Finance Gurus. April 28th, 2010

MarketWatch
Personal Finance Daily
APRIL 28, 2010

Wednesday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

Because of the tax advantages you get from saving money in an IRA, the government doesn't want you grabbing for that cash every time you're coming up short, which more and more people are doing each month these days. So there is a hefty penalty if you withdraw any of those funds before you turn 59 1/2.

Under normal circumstances, that extra 10% that you'll have to pay in addition to regular income tax on any draw is enough to bring you to your senses and halt any plans at raiding the nest egg. But these are not normal circumstances.

There is, however, one loophole in the IRA laws that allows you to withdraw money and not pay the penalty: You can take cash out in what's called substantially equal payments, monthly stipends that are determined by a formula that depends upon your age and life expectancy, among other items.

It's a rough road to navigate, and you'll still be putting your retirement at risk, but if you have no other choice it is a lifeline.

-- Steve Kerch, assistant managing editor

RETIREMENT SAVINGS

Tap retirement savings early without penalty

For many older workers the recession has been especially tough. Salaries and benefits have been cut, insurance costs have risen. That slimmer paycheck isn't going as far as it once did. But there is one little known, if troublesome, way that some older workers might be able to make up some of the shortfall: You can tap into your nest egg a bit early.
See Jonathan Burton's Life Savings.


INVESTING

Goldman Sachs and the everyday investor

The Goldman Sachs hearing is more than political theater, says one expert who sees the entire Goldman Sachs investigation as a much-needed balm for investor confidence. Hear John Wordock's conversation with St. John's business law professor Anthony Sabino, in this edition of MarketWatch News Break.
 Listen to Radio Report.


Let Greece default on its debt

The Greek debt fiasco could end surprisingly well for investors on both sides of the Atlantic.
See Jon Markman.


Greek's fiscal woes don't have to lead to lower stock prices

The difference between a tragedy and a comedy, I was taught in Classics 101, is that, in the latter, the hero wakes up in time. I take this to mean that it's premature to label the current fiscal crisis in Greece as a tragedy, as many commentators nevertheless are already doing. It might in the end turn out to be a tragedy, but it doesn't have to.
See Mark Hulbert.


The 'New GM' is coming, and it just might pay off

The "New" General Motors Co. holds the promise of new jobs, new vehicles with new, greener technology and maybe, just maybe, a new investment worthy of consideration.
See Ahead of the Curve.


Best bond bets as rates rise

Joe Balestrino, fixed-income market strategist at Federated Investors, speaks with Deborah Levine about when the Federal Reserve will raise interest rates. He says high-yield bonds and emerging markets offer some of the best opportunities in that environment.
 Watch Video Report.


FAMILY FINANCE

How the money gurus take their own advice

While there are countless articles on how you can better your relationship with money, let's peer into the habits of financial planners and those known for their personal finance savvy.
See Family Finance.


Restaurant sales show signs of recovery

Now that consumers are spending again, Ann Cates tells us restaurants hope to grab some business.
 Listen to Radio Report.


CAREERS

Honesty is still the best policy in job hunting

What's the harm in a little white lie on your résumé, especially if it will help you finally nab that full-time position?
See Careers.


A career change can be costly

Many people are convinced they can't afford to make a career change, but there are several strategies to make it a financial reality. Testing a new job on the side and following advice to become more profitable are two.
See Careers.

The Wall Street Journal: Stocks pulled back from the highest levels of the day after Standard & Poor's Rating Services downgraded Spain. April 28th, 2010

The Wall Street Journal
Stocks pulled back from the highest levels of the day after Standard & Poor's Rating Services downgraded Spain.
The Dow Jones Industrial Average bounced between gains and losses after the downgrade. The measure was recently up six points at 10996. The Standard & Poor's 500-stock index was up 0.2%.
S&P cut Spain's credit rating one notch to "AA" from "AA+." The agency said Spain "is likely to have an extended period of subdued economic growth, which weakens its budgetary position."
The dollar strengthened against the euro. The U.S. Dollar Index, which tracks the U.S. currency against a basket of six other currencies, rose 0.6%.
[pan0428] Associated Press
Financial stocks including Bank of America and J.P. Morgan jumped Wednesday morning.
But the market's reaction was more muted than in the previous trading session, when S&P cut Greece's debt to "junk" status and downgraded Portugal two notches, sending the Dow to its biggest one-day drop in more than two months.
Investors said the downgrade to Spain's debt cements worries that the eurozone's fiscal instability is not limited to the smaller economies of Greece and Portugal.
"It confirms a broader suspicion that the southern Mediterranean states are in financially worse shape than they had been heretofore, that they were adversely affected by the recession and it's going to require a bigger bailout by the northern states of Europe," said Joseph Battipaglia, chief market strategist, private client group at Stifel Nicolaus. "It means that the banks, specifically European banks, will come under great pressure because of the cross-bank ownership of sovereign debt."
Energy companies weakened, after rising earlier Wednesday following a surprise inventory drop in gasoline. Schlumberger slid 1.3%, while Smith International dropped 1.1%.
Write to Donna Kardos Yesalavich at donna.yesalavich@dowjones.com

RTTNews: Daily Market Analysis: Fed Decision In Spotlight As Sovereign Debt Concerns Mire Outlook - RTTNews Daily Market Analysis. April 28th, 2010

Daily Market Analysis Wed Apr 28 09:26 2010 

Apr 28, 2010 Fed Decision In Spotlight As Sovereign Debt Concerns Mire Outlook - RTTNews Daily Market Analysis The major U.S. index futures are pointing to a higher opening on Wednesday, with some upside bounce likely, as traders attempt to do some bottom picking. Earnings continue to be encouraging, reflecting the underlying strength of corporate profits as the economy is turning around and is positioning itself on the path of sustainable recovery. The 2-day FOMC meeting concludes today, with the policy setting arm of the central bank due to release its post-meeting policy statement in the afternoon. Full Article

RTTNews: Morning Market Briefing. Stocks May Open Higher Ahead Of Fed's Rate Decision - U.S. Commentary . April 28th, 2010

Morning Market Briefing Wed Apr 28 09:01 2010 

Commentary

Apr 28, 2010 Stocks May Open Higher Ahead Of Fed's Rate Decision - U.S. Commentary Stocks are poised for a modestly higher open on Wednesday, as traders may do some bargain hunting following yesterday's sharp sell-off. The major index futures are all in positive territory, with the Dow futures up by 24 points. The upward momentum comes amid the belief that overseas financial damage done by Greece and Portugal may be limited and as the markets expect the U.S. Federal Reserve to leave key interest rates unchanged this afternoon. Full Article

Economic News

Apr 28, 2010 Australia Inflation Picks Up To 2.9% In Q1Consumer prices in Australia rose at a stronger than expected pace during the first three months of the year, which may force the central bank to hike the cash rate again when its policy board meets next week. Full Article
Apr 28, 2010 Italian April Business Sentiment Tops Expectations; Highest Since June 2008 Italian business confidence strengthened more than expected in April to hit the highest level since June 2008, a survey conducted by the think tank ISAE showed Wednesday. Full Article
Apr 28, 2010 Japan Retail Sales Up 4.7% On Year In MarchRetail sales in Japan climbed 4.7 percent on year in March, the Ministry of Economy, Trade and Industry said on Wednesday in a preliminary report, coming in at 12.286 trillion yen. Full Article
Apr 28, 2010 Singapore Inflation May Rise Sharply In Coming Quarters: MAS Singapore inflation is expected to accelerate in the coming quarters, while the underlying drivers of economic growth are set to remain intact, the central bank said Wednesday. Full Article

Earnings News

Apr 28, 2010 SAP Q1 profit nearly doubles; backs FY10 revenue viewWednesday, SAP AG (SAP) said its first-quarter profit surged almost two-folds on higher software demand in most markets, a 9.4 percentage points improvement in operating margin, and the absence of charge that hurt year-ago results. Revenue for the quarter grew 5% from the previous year. Looking ahead, the company also reiterated its full-year revenue outlook. Full Article
Apr 28, 2010 Royal Dutch Shell Q1 profit up 57%Wednesday, Royal Dutch Shell PLC (RDS-A) said its first-quarter profit jumped 57%, helped by higher oil prices, a 6% increase in the level of production, as well as cost controls. Revenue for the period went up 47.8% year-over-year. Looking ahead, the company sees production to advance over 10% by 2012. Full Article
Apr 28, 2010 Broadcom turns to profit in Q1Tuesday, Broadcom Corp. (BRCM), said it rebounded to profit in the first quarter, helped by stronger chip sales, as well as cost cutting measures. Earnings came in below the Street view, although quarterly revenues, which grew about 71% from the past year, surpassed expectations. Looking ahead to the second quarter, the company guided revenue to come ahead of analysts' current estimate. Full Article
Apr 28, 2010 WellPoint Q1 profit up 51%, beats estimate; backs FY10 EPS viewWednesday, WellPoint Inc. (WLP) said its first-quarter profit rose 51% on the absence of hefty investment losses that dented prior-year results. Both adjusted earnings and revenue, which slipped very marginally, came in above the Street view. For the full year, the company maintained its earnings outlook, which is below the estimate of analysts. Full Article
Apr 28, 2010 Praxair Q1 profit up 8.3%; guides Q2 EPS; lifts FY10 EPS outlookWednesday, Praxair Inc. (PX) posted a 8.3% rise in first-quarter profit, as sales grew 14% year-over-year to come in line with the Street view. Further, the company provided earnings guidance for the second quarter, and lifted its profit outlook for the full year. Full Article
Apr 28, 2010 Dow Chemical Q1 profit soarsWednesday, Dow Chemical Co. (DOW) said its first-quarter profit shot up from the past year, helped by stronger demand across the globe and higher prices. Sales grew 48.4% year-over-year to come in above the Street view. Volumes for the period improved 16%, and prices advanced 17%, Dow Chemical indicated. Full Article
Apr 28, 2010 Medco Health Solutions Q1 profit up 10%; backs FY10 earnings viewWednesday, Medco Health Solutions Inc. (MHS) reported slighlty over a 10% climb in first-quarter profit, as it won new clients, and drug prices rose from the previous year. Both adjusted earnings, and revenue, which also grew about 10%, came in above the Street view. For the full year, Medco backed its earnings outlook. Full Article
Apr 28, 2010 Comcast Q1 profit up 12%, beats estimateWednesday, Comcast Corp. (CMCSA) reported a 12.2% rise in profit for the first quarter on higher digital cable TV and high-speed Internet subscriptions, as well as a 23.5% growth in advertising revenue. Earnings managed to surpass the Street view by a whisker, while revenue, which improved 3.8% year-over-year came in line with expectations. Full Article
Apr 28, 2010 Corning Q1 profit soars, beats estimatesWednesday, Corning Inc. (GLW) said its first-quarter profit spiraled upwards on rising demand for glass used in flat-screen televisions. Both adjusted earnings and revenue, which surged 57% from the past year, came in above the Street view. The quarterly results were also boosted by higher gross margin of 47%, compared to 27% last year. Full Article
Apr 28, 2010 Glaxosmithkline Q1 profit up 18.5%Wednesday, GlaxoSmithKline PLC (GSK) reported a 18.5% rise in first-quarter profit, helped by stronger sales of its swine flu and hepatitis vaccines, as well as its more recently launched drugs. Sales for the period grew 8.7% from the past year. Full Article
Apr 28, 2010 General Dynamics Q1 profit rises 1.2% on improved marginsWednesday, General Dynamics Corp. (GD) said its first-quarter earnings inched up 1.2%, as a 6.2% decline in sales was offset by better operating margins. Operating earnings per share was flat with last year, and surpassed the estimate of analysts, who were expecting a dip. Full Article
Apr 28, 2010 Northrop Grumman Q1 profit up 21%Wednesday, Northrop Grumman Corp. (NOC) posted a 20.6% rise in first-quarter profit that surpassed the Street view. Sales for the three-month period grew about 9% from the previous year. Looking ahead, the company said it was confident of achieving its 2010 earnings target. Full Article
Apr 28, 2010 Aflac Q1 profit up 12%, beats estimate; guides Q2 EPS, backs FY10 viewTuesday, Aflac Inc. (AFL) posted a 11.7% rise in first-quarter profit that came in above the Street view. Revenues grew 5.1% year-over-year, aided partly by strengthening of the Japanese yen against the U.S dollar, and also surpassed expectations. Further, the company maintained its fiscal 2010 guidance, while providing earnings outlook for the second quarter. Full Article
Apr 28, 2010 Norfolk Southern Q1 profit advances 45%, beats viewTuesday, Norfolk Southern Corp. (NSC) reported a 45% jump in first-quarter profit, on higher traffic volume as more and more travelers opted for the cheaper mode of transportation. Both earnings and revenues, which grew 15% from the previous year, came in above the Street view. Full Article
Apr 28, 2010 Southern Co. Q1 profit quadruples, tops estimateWednesday, Southern Co. (SO) reported almost a four-fold increase in first-quarter profit. The prior-year results were hurt by hefty charge related to a settlement agreement with MC Asset Recovery LLC. Both earnings and revenue, which grew 13.4% year-over-year, came in above the Street view. Full Article
Apr 28, 2010 Thermo Fisher Q1 profit up 56%, beats estimate; lifts adj. FY10 EPS viewWednesday, Thermo Fisher Scientific, Inc. (TMO) reported a 56% surge in first quarter profit on stronger performance by Analytical Technologies, as well as Laboratory Products and Services segments. The results were hurt by higher restructuring costs and intangible asset impairments. Both adjusted earnings and revenue, which grew 19% from the previous year, came in above the Street view. Operating margin for the period widened to 11.0% from 8.4%. Looking ahead to the full year, the company lifted its earnings outlook range, with the estimate of analysts lying close to low end of the range. Full Article

Todays WS Events

Apr 28, 2010 Northrop Grumman Q1 10 Earnings Conference Call At 10:30 AM ET Northrop Grumman Corp. (NOC) CEO Wes Bush, will host a conference call at 10:30 AM ET, April 28, 2010, to discuss its Q1 10 earnings results. To access the live webcast, log on at www.northropgrumman.com
Apr 28, 2010 General Electric 2010 Annual Meeting At 11:00 AM ET General Electric Co (GE) will hold its 2010 Annual Meeting in Houston, TX. The event is scheduled to begin at 11:00 AM ET April 28, 2010. To access the live webcast, log on at www.ge.com/investors/events/event_id04282010.html
Apr 28, 2010 Verisign Q1 10 Earnings Conference Call At 5:00 PM ET Verisign (VRSN) will host a conference call at 5:00 pm ET April 28, 2010, to discuss Q1 10 earnings results. To access the live webcast, log on at http://investor.verisign.com To hear the live call, dial (888) 676-VRSN begin_of_the_skype_highlighting              (888) 676-VRSN      end_of_the_skype_highlighting (US) or (913) 312-1273 begin_of_the_skype_highlighting              (913) 312-1273      end_of_the_skype_highlighting (international). A replay of the call can be heard by dialing (888) 203-1112 begin_of_the_skype_highlighting              (888) 203-1112      end_of_the_skype_highlighting or (719) 457-0820 begin_of_the_skype_highlighting              (719) 457-0820      end_of_the_skype_highlighting with passcode: 4121587.
Apr 28, 2010 Visa Q2 10 Earnings Conference Call At 5:00 PM, ET Visa Inc. (V) will host a conference call at 5:00 PM, ET, to discuss Q2 10 earnings results, on April 28, 2010. To access the live webcast, log on at http://investor.visa.com
Apr 28, 2010 Sprint Nextel Q1 10 Earnings Conference Call At 8:00 AM ET Sprint Nextel Corp. (S) will host a conference call at 8:00 AM ET, April 28, 2010, to discuss its Q1 10 earnings results. To access the live webcast, log on at www.sprint.com/investors To hear the live call, dial 800-938-1120 begin_of_the_skype_highlighting              800-938-1120      end_of_the_skype_highlighting (US) or 706-634-7849 begin_of_the_skype_highlighting              706-634-7849      end_of_the_skype_highlighting (International) with passcode 65705796. A replay of the call can be heard by dialing 800-642-1687 begin_of_the_skype_highlighting              800-642-1687      end_of_the_skype_highlighting with code: 65705796.
Apr 28, 2010 Corning Q1 10 Earnings Conference Call At 8:30 AM ET Corning Inc. (GLW) will host a conference call at 8:30 AM ET April 28, 2010, to discuss its Q1 10 financial results. To access the live webcast, log on at http://investor.shareholder.com/corning/events.cfm
Apr 28, 2010 Boston Properties Q1 10 Earnings Conference Call At 10:00 AM ET Boston Properties Inc. (BXP) will host a conference call at 10:00 AM ET, April 28, 2010, to discuss its Q1 10 earnings results. To access the live audio webcast, log on at www.bostonproperties.com To hear the live call, dial 877-706-4503 begin_of_the_skype_highlighting              877-706-4503      end_of_the_skype_highlighting (US) or 281-913-8731 begin_of_the_skype_highlighting              281-913-8731      end_of_the_skype_highlighting (International) with passcode 66995257. A replay of the call can be heard by dialing 800-642-1687 begin_of_the_skype_highlighting              800-642-1687      end_of_the_skype_highlighting (US) or 706-645-9291 begin_of_the_skype_highlighting              706-645-9291      end_of_the_skype_highlighting (International) and entering the passcode 66995257.
Apr 28, 2010 Dow Chemical Q1 10 Earnings Conference Call At 10:00 AM ET Dow Chemical Co (DOW) will host a conference call at 10:00 AM ET April 28, 2010, to discuss its Q1 10 financial results. To access the live webcast, log on at http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=80099&eventID=2989467
Apr 28, 2010 Bank Of America Shareholders Meeting At 10:00 AM ET Bank Of America Corp. (BAC) will host its Shareholders Meeting. The event is scheduled to begin at 10:00 AM ET April 28, 2010. To access the live webcast, log on at http://investor.bankofamerica.com/phoenix.zhtml?p=irol-eventDetails&c=71595&eventID=2974521
Apr 28, 2010 Goodyear Tire & Rubber Q1 10 Earnings Conference Call At 10:00 AM ET Goodyear Tire & Rubber (GT) will host a conference call at 10:00 am ET April 28, 2010, to discuss Q1 10 earnings results. To access the live webcast, log on at http://investor.goodyear.com To hear the live call, dial (706) 643-2869 begin_of_the_skype_highlighting              (706) 643-2869      end_of_the_skype_highlighting. A replay of the call can be heard by dialing (706) 645-9291 begin_of_the_skype_highlighting              (706) 645-9291      end_of_the_skype_highlighting.

The Wall Street Journal: The European Market Regain Poise. April 28th, 2010

The Wall Street Journal

Helped by encouraging U.S. earnings news, European markets are regaining their footing after slumping heavily this morning on continued fears about Greece's debt problems.
At the same time, the euro recovered after hitting a fresh one-year low against the dollar, while German government bonds came off their highs.
With a press conference to be hosted by German Chancellor Angela Merkel scheduled for 1630 GMT, investors are hoping that a deal to help Greece will be agreed upon, with traders saying there is talk the funds will be larger than originally discussed.
The pan-European Stoxx 600 Index is down 0.2% as of 1 p.m. in London, having plunged more than 3% yesterday as concerns grew that Greece's problems would spread to other weak European economies. Frankfurt's DAX index was down 0.1% at 6151.65, and Paris's CAC-40 index was almost flat at 3843.97. In London, the FTSE 100 index reversed earlier losses to trade higher, up 0.6% at 5634.13.
The ASE in Athens also turned higher, trading up 2.1% at 1732.21, while the Lisbon PSI-20 came off lows to trade flat at 7156.23. The IBEX 35 in Madrid fell 1.4% to 10331.50.
The euro is up 0.2% against the U.S. dollar, at $1.3207, after falling 1.6% on Tuesday. At the same time, German and U.K. government bonds tumbled, after rising sharply earlier in the session, on hopes of a larger-than-anticipated bailout for Greece. The June bund future was trading at 124.37, down 0.27, while June gilts were flat at 114.81.
Orestis Panagiotou/European Pressphoto Agency
A European Union flag is flying over the temple of Parthenon on Acropolis hill in Athens.
The market for credit-default swaps has been the most volatile. It now costs about $845,000 to insure $10 million of Greek government debt against default for five years, compared with over $900,000 earlier today, according to data provider CMA DataVision— though that's still higher than Tuesday's closing level of $824,000. Portugal and Ireland are doing much better too, with the costs to insure against government debt defaults there now lower than they were yesterday, after spiking earlier. Portugal's insurance cost is $363,000, while Ireland's is $234,000.
Encouraging economic and corporate-earnings news from the U.S. as trading there kicks in has driven the afternoon turnaround. There's also talk that the International Monetary Fund may cough up more cash for Greece above and beyond the €15 billion already discussed. European Central Bank President Jean-Claude Trichet is in Berlin trying to get German parliamentarians to agree on a rescue, while European Union President Herman Van Rompuy is trying to get investors to stop talking about a possible Greek debt restructuring -- which would batter Greek, German and French banks.
Prices of U.S. Treasuries and German government bond prices have given back some of their gains from yesterday, suggesting that yesterday's panicky rush to safety has lost some of its steam.
With the economic calendar light, investors will also be watching for the U.S. Federal Open Market Committee rate announcement, due after the European close at 1815 GMT. While the Federal Reserve is expected to leave U.S. interest rates on hold, investors will watch for any indications of a possible rate hike in the coming quarters, while they scrutinize the Fed's comments on the U.S. recovery.
In Asia, the renewed concerns about Greece gripped markets. Japan's Nikkei 225 was down 2.6% and South Korea's Kospi Composite was off 0.9%. Hong Kong's Hang Seng Index fell 1.5%, while the Shanghai Composite was 0.2% lower. In the foreign exchanges, the euro was trading at $1.3183 at 0950 GMT, up from $1.3175 in late New York trading Tuesday, while the dollar was at ¥93.72, up from ¥93.27.
Write to Ishaq Siddiqi at ishaq.siddiqi@dowjones.com

BBC: Business: Greece Fears Batlle Markets Again. April 28th, 2010


Page last updated at 12:35 GMT, Wednesday, 28 April 2010 13:35 UK

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