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May 13, 2010

MarketWatch: Industry Financial Services.- Consumer protections in bank-reform spotlight. May 13th, 2010

MarketWatch
  (INDUSTRY: FINANCIAL SERVICES)
Consumer protections in bank-reform spotlight By Ruth Mantell MarketWatch
5/13/2010 4:47:00 PM


Amendments aimed at protecting consumers are among the most hotly contested pieces of a far-reaching bank-reform bill trudging its way through the legislative process this week. See full story

MINING IN AFRICA : a pubication of European Gold Centre. May 13th. 2010

MINING IN AFRICA
a publication of
E U R O P E A N   G O L D   C E N T R E
Dear Reader:
Attached you will find your May issue of MINING IN AFRICA, full of interesting information. The news flow about African mining and exploration has increased considerable so I really had to make my choices. I think the issue contains very useful information.
My EDITORIAL COMMENT "Pressure on Profits African gold producers not as bad as it looks" reflects the longer term look that I usually take. Of course, in first instance you think it is bad but once you give it some thinking, you may come to another conclusion. Things that look bad may turn out very alright after all.
An UPDATE REPORT on one of the SUPPORTING COMPANIES that is about to bring its second gold mine to production. After Great Basin Gold started pouring gold from their Hollister Mine in Nevada, USA, they are scheduling to commission the Burnstone Mine in SOUTH AFRICA by the end of June. Production can then start and is expected to produce approximately 80,000 ounces this year. Great properties, great people!!!
The FEATURED ARTICLE in this issue comes from an intelligence information source that I recently discovered, www.STRATFOR.com. Not the usual short term look but very serious and intelligent analyses about what is happening in the world. The piece "DRC: Katanga and the Challenges of Mineral Wealth" really gives a clear picture of what and how things happen in that controversial and difficult country full of Africa's natural resources. I am honoured and very pleased that they allowed me to present this article to you.
As you will see, the section COMPANY NEWS is finally shaping up as I intended it to be. More room for the SUPPORTING COMPANIES and a new section HIGHLIGHTED where other companies can be included on a continuous basis.
Then, the EVENTS ON AFRICA and AFRICAN MINING NEWS with a lot of information about mining and exploration in several countries.
Enjoy this issue of MINING IN AFRICA! Your feedback is invited and appreciated.
Best regards,
Henk J. Krasenberg.

Mining Interactive:: Mawson closes 1.3 million private placement with Areva


MAWSON RESOURCES LTD.
MICHAEL HUDSON
MAWSON PRESIDENT & CEO
COMPANY VIDEO UPDATE
AREVA $1,362,042.42 PRIVATE PLACEMENT CLOSED

Dear Friends:
The Areva group of companies is ranked first in the global nuclear power industry. Their unique integrated business covers every stage of the fuel cycle, reactor design and construction, and related services. In addition, the group with its 75,000 employees is expanding its operations in renewable energies. AREVA is also a world leader in electricity transmission and distribution and offers its customers a complete range of solutions for greater grid stability and energy efficiency.


Chinese Mawson 2-page Summary




Stay Closely Tuned - - There is much more to come from Mawson!!!


Regards,

Nick L. Nicolaas

Mining Interactive "Ahead of the Pack"






METALS AND ENERGY IN SCANDINAVIA.



MiningInteractive Videos
Click Here



Stay tuned for the most recent updates on Mawson Resources and other leading mining companies through the MiningInteractive Video Interviews.

Mining Interactive Web Site

Nick L. Nicolaas
(604) 657-4058
nick@mininginteractive.com

NYT: Afternoon Business Update.- Euro Sags and Markets Turn Lower. May 13th, 2010



Afternoon Business Update:

Euro Sags and Markets Turn Lower

By CHRISTINE HAUSER and DAVID JOLLY
The euro continued to weaken amid persistent concerns over Europe's sovereign debt crisis and the rescue package itself.

Portugal Follows Spain on Austerity Cuts

By RAPHAEL MINDER
Economists blame factors like 100-year-old rent control laws for contributing to Portugal's private debt load, explaining in part why it has followed Greece and Spain into investors' line of fire.

Swiss Whittle Away at Banking Secrecy

By MATTHEW SALTMARSH
As Swiss lawmakers lock horns over a bill to resolve a tax dispute between UBS and Washington, changes are ahead for the country's preeminent financial sector.

Sony Pares Losses, Forecasts Profit

By HIROKO TABUCHI
The company posted an annual net loss of $441.4 million and said it expected to turn a profit in the current year.

Superdry and the Niche That Grew

By JULIA WERDIGIER
Since the soccer player David Beckham was photographed in a Superdry jacket, demand for its T-shirts, jeans and jackets with a vintage twist has soared.

RTTNews : Evening Market Wrap.-Stocks See Notable Slide Amid Another Volatile Session - U.S. Commentary. May 19th, 2010

Evening Market Wrap Thu May 13 17:01 2010 

Commentary

May 13, 2010 Stocks See Notable Slide Amid Another Volatile Session - U.S. Commentary Stocks fell by steep margins on Thursday, as traders sought safety amid a volatile marketplace, prompting a broad sell-off in stocks. The move came despite an upbeat jobs report and continued strong corporate earnings, as investors continued to express doubt regarding overseas debt. Full Article

Economic News

May 13, 2010 Fed's Kocherlakota: Recovery Will Take Some TimeMinneapolis Federal Reserve president Narayana Kocherlakota said Thursday that he believe that the United States will not see a V-shaped recovery as is hoped, mainly because of increases in public debt, constrained bank lending and the financial strain in Europe. Full Article
May 13, 2010 April Foreclosure Filings Decline 2% From Last Year : RealtyTrac Foreclosure filings on U.S. properties in April declined from the previous year, as well as sequentially, said RealtyTrac, an online marketplace for foreclosure properties, Thursday. In its U.S. Foreclosure Market Report for April, RealtyTrac said one in every 387 U.S. housing units received a foreclosure filing during the month. Full Article
May 13, 2010 Weekly Jobless Claims Fall For Fourth Straight Week First-time claims for unemployment benefits showed another modest decrease in the week ended May 8th, according to a report released by the Labor Department on Thursday, although the number of claims exceeded estimates due to an upward revision to the previous week's data. Full Article
May 13, 2010 Import And Export Prices Increase For Second Consecutive Month Thursday morning, the Labor Department released its report on import and export prices in the month of April, showing that import and export prices both increased for the second consecutive month. The increase in import prices was partly due to a notable increase in prices for fuel imports. Full Article

Corporate News

May 13, 2010 Kohl's Q1 Profit Up; Raises FY10 EPS View - UpdateDepartment store operator Kohl's Corp. (KSS) Thursday reported higher first-quarter profit, driven by sales growth and margin improvement. Earnings per share came in above analysts' as well as the company's own expectations. Kohl's provided earnings outlook for the second quarter and boosted its full-year 2010 earnings per share forecast. Full Article
May 13, 2010 Sony Posts Narrower Q4 Loss; Sees Profit In FY11Japanese consumer electronics giant Sony Corp. (SNE) reported Thursday a narrower net loss for its fourth quarter, reflecting strong sales growth across all its divisions and regions. Further, the company projects an attributable net income for fiscal 2011, in comparison to a net loss recorded in fiscal 2010, and also expects higher sales. Full Article
May 13, 2010 Tim Hortons Q1 Profit Rises 19%Coffee and doughnut chain Tim Hortons Inc. (THI.TO, THI) on Thursday reported a 19% increase in profit for the first quarter from the year-ago period, reflecting higher revenues and same-store sales growth in Canada that helped offset weaker results at the company's U.S. segment. Full Article
May 13, 2010 CAE Q4 Profit Falls On Lower Civil RevenueMontreal, Canada-based aviation-training equipment and services provider CAE, Inc. (CAE, CAE.TO) reported Thursday a decline in profit for the fourth quarter, hurt by lower revenues in its civil segments. Fourth-quarter net earnings were C$40.5 million or US$39.82 million, down from C$52.7 million in the fourth quarter of last year. Full Article
May 13, 2010 Gildan Activewear Q2 Profit Soars, Tops ViewCanadian basic apparel manufacturer Gildan Activewear, Inc. (GIL, GIL.TO) reported Thursday a profit for the second quarter that soared from last year, boosted by strong margin expansion and 33.5% sales growth. Adjusted earnings per share for the quarter climbed and topped analysts' expectations by five cents. Full Article
May 13, 2010 Nordstrom To Report Q1 Results: Earnings PreviewNordstrom Inc. (JWN), a fashion specialty retailer, is scheduled to report first-quarter results after the market closes Thursday. The Seattle, Washington-based company offers a selection of brand name and private label merchandise. Full Article
May 13, 2010 Sony Posts Narrower Q4 Loss; Sees Profit In FY11Japanese consumer electronics giant Sony Corp. (SNE) reported Thursday a narrower net loss for its fourth quarter, reflecting strong sales growth across all its divisions and regions. Further, the company projects an attributable net income for fiscal 2011, in comparison to a net loss recorded in fiscal 2010, and also expects higher sales. Full Article
May 13, 2010 Urban Outfitters Q1 Profit Surges; Tops ViewLifestyle specialty retail company Urban Outfitters Inc. (URBN) reported Thursday a surge in first-quarter profit as sales grew 25% from last year. Gross profit margins improved by 459 basis points, helped by increase in initial merchandise margins, a lower rate of merchandise markdowns and leveraging of store occupancy expenses. Full Article
May 13, 2010 Eurasian Natural Says Q1 Revenue, Production Significantly Above Last Year - UpdateEurasian Natural Resources Corp. Plc (ENRC.L) Thursday stated that first-quarter group revenue and production volumes were significantly higher than the year-ago quarter. The company stated that the revenue growth for the quarter primarily reflected higher production and sales volumes in the Ferroalloys and Iron Ore Divisions and the addition of copper and cobalt sales. Full Article
May 13, 2010 Cascades Reports Breakeven In Q1Cascades Inc. (CAS.TO), a manufacturer of green packaging and tissue paper products, Thursday reported breakeven results for the first quarter, as the Canadian dollar continued to rally and the spread between the company's selling prices and raw material costs tightened. Full Article

Political News

May 13, 2010 Obama Talks Jobs On Stop In BuffaloPresident Barack Obama traveled to Buffalo, N.Y., on Thursday to talk up the steps his administration is taking to boost job creation around the country. Obama, speaking to a group of invited guests at a small manufacturer in the area, said he was glad to get out of Washington, where, he said, it can be hard to hear anything other than the clamor of politics. Full Article
May 13, 2010 Senate Judiciary Committee Sends Goodwin Liu Nomination To Senate FloorThe Senate Judiciary Committee voted Thursday to send the nomination of Goodwin Liu, President Barack Obama's pick for a San Francisco-based appeals court, to the full Senate floor for a vote. The 12-7 vote went down party lines, with Republicans on the panel expressing concern that Liu will be an "activist judge." Full Article
May 13, 2010 Lautenberg And Maloney Unveil Access To Birth Control ActSenator Frank Lautenberg, D-N.J., and Representative Carolyn Maloney, D-N.Y., Thursday unveiled the Access to Birth Control (ABC) Act, which is intended to protect a woman's right to accessing legal contraception. The act seeks to stop pharmacies from denying the sale of contraceptives because of a pharmacy employee's religious beliefs. Full Article
May 13, 2010 Rubio Ad Attacks Crist For Not Returning Republican DonationsMarco Rubio, the Republican running for U.S. Senate in Florida, launched a new attack on Florida Gov. Charlie Crist Thursday in the wake of the governor's decision to seek the Senate seat as an independent. In a web ad titled "Take the Money and Run," Rubio slammed Crist for failing to return campaign donations from prominent Republicans. Full Article
May 13, 2010 Sestak Gaining On Toomey In Pennsylvania Senate RaceA new Quinnipiac University poll released Thursday showed that, in addition to gaining on Senator Arlen Specter, D-Penn., in the Democratic primary, Rep. Joe Sestak, D-Penn., is also surging against likely Republican candidate Pat Toomey in Pennsylvania's U.S. Senate race. Full Article
May 13, 2010 US-China Human Rights Talks Resume After Two Years United States-China human rights talks are set to resume in Washington Thursday after a gap of two years. Officials of the U.S. State Department and the Chinese Foreign Ministry will participate in the two-day talks. Full Article

REUTERS : Deals Today May 13th, 2010




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Good Morning Fernando, THU 13 May 2010 
Having spent more than $42 billion to buy about 60 companies, Larry Ellison's Oracle has set something of a daunting standard for merger activity in the business software industry. So while SAP's plan to buy smaller business software maker Sybase for $5.8 billion may not roil markets, it could certainly shake up things in an already busy infotech sector.

With Sybase, SAP gets a boost in mobile technology, but will also end up with a big database business that provides steady revenues but little else on which SAP can grow its business. The database chunk is by far the bigger earner for Sybase, with the mobile aps business accounting for only a little over a quarter of annual revenue, so it could make an attractive business for SAP to hive off. Breakingviews columnist Robert Cyran points out that keeping a hand in the database world could also prove awkward for SAP as it exacerbates competitive friction with its allies, Microsoft and IBM. SAP could also look to sell the database business to cash up for any more strategic moves.

Given this is the second-biggest deal for SAP in its nearly 40-year history, and marks the first big move since a management shakeup, the sandbox that so recently seemed to be Larry's exclusive territory is only going to become more crowded.
Special Report: Can that guy in Ironman 2 whip IBM in real life?
Bank probes expanding with new investigation
Sanofi and Merck gear up for animal-health sell-off
Ford, Mazda aim to break up 3-way China JV: sources
CAT CEO warns on M&A protectionism
Tullett suitor walks away, shares slide
Listing rules cloud HK's mining IPO hopes
Pru gets in principle nod for AIA buy: sources
Medco to buy back $3 billion more of its shares
SAP pays dear for game-changing Sybase deal

Special Report: Can that guy in Ironman 2 whip IBM in real life?
May 13, 2010 08:34 AM ET
BOSTON (Reuters) - In the movie "Ironman 2," Larry Ellison makes a cameo appearance as a billionaire, playboy software magnate. It is a role he knows well. He is playing himself -- chief executive of Oracle Corp, one of Silicon Valley's most enduring, successful and flamboyant figures.

Full Article
Bank probes expanding with new investigation
May 13, 2010 08:54 AM ET
NEW YORK/WASHINGTON (Reuters) - U.S. authorities are expanding their probes of past mortgage securities deals, with New York's attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.

Full Article
Sanofi and Merck gear up for animal-health sell-off
May 13, 2010 07:35 AM ET
are gearing up to sell parts of the world's largest veterinary drugs operation, offering smaller players in the $19-billion animal health industry a last clear chance to bulk up.

Full Article
Ford, Mazda aim to break up 3-way China JV: sources
May 13, 2010 07:54 AM ET
SHANGHAI (Reuters) - Ford Motor and its China venture partners, Mazda Motor Corp and Chongqing Changan Automobile Co, are seeking Chinese government approval to end their three-way tie up, two sources said on Thursday.

Full Article











REUTERSwww.reuters.com

REUTERS : Business Today: S&P futures rise on Sybase deal




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Good Morning Fernando, THU 13 May 2010 
S&P futures rise on Sybase deal
New York AG investigating 8 banks
Jobless claims fell 4,000 last week
SAP to buy rival Sybase for $5.8 billion
Pru gets in principle nod for AIA buy: sources
Portugal agrees on new austerity measures
Special Report: Can that guy in Ironman 2 whip IBM in real life?
Ford, Mazda aim to break up 3-way China JV: sources
BP says oil spill costs $450 million so far
Former Lehman execs launch distressed structured credit fund


S&P futures rise on Sybase deal
May 13, 2010 08:05 AM ET
NEW YORK (Reuters) - S&P 500 index futures edged higher on Thursday, reversing an earlier decline, as investors were cheered by a big technology-sector acquisition and Portugal moved to stem its sovereign debt problems.

Full Article
New York AG investigating 8 banks
May 13, 2010 07:53 AM ET
NEW YORK (Reuters) - The New York Attorney General's office is investigating whether eight banks misled ratings agencies about the quality of mortgage securities they were offering, a source familiar with the matter said.

Full Article
Jobless claims fell 4,000 last week
May 13, 2010 08:36 AM ET
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment insurance fell slightly less than expected last week, government data showed on Thursday, while the number of people still drawing benefits unexpectedly rose.

Full Article
SAP to buy rival Sybase for $5.8 billion
May 13, 2010 08:12 AM ET
BOSTON (Reuters) - Germany's SAP AG said it plans to buy smaller business software maker Sybase Inc for $5.8 billion, gaining technology that allows it to deliver accounting software and other programs to smartphones.

Full Article
Pru gets in principle nod for AIA buy: sources
May 13, 2010 08:08 AM ET
LONDON/NEW YORK (Reuters) - UK regulators have agreed in principle to Prudential Plc's $35.5 billion purchase of AIG's Asian life insurance unit, sources familiar with the situation said, and the British insurer hopes to price its bumper rights issue within days.

Full Article
Portugal agrees on new austerity measures
May 13, 2010 08:35 AM ET
LISBON (Reuters) - Portuguese leaders agreed tough new austerity measures on Thursday, joining a coordinated euro zone push that has so far calmed the markets' worst fears of a Greek-style debt crisis spreading.

Full Article
Special Report: Can that guy in Ironman 2 whip IBM in real life?
May 13, 2010 08:34 AM ET
BOSTON (Reuters) - In the movie "Ironman 2," Larry Ellison makes a cameo appearance as a billionaire, playboy software magnate. It is a role he knows well. He is playing himself -- chief executive of Oracle Corp, one of Silicon Valley's most enduring, successful and flamboyant figures.

Full Article
Ford, Mazda aim to break up 3-way China JV: sources
May 13, 2010 07:54 AM ET
SHANGHAI (Reuters) - Ford Motor and its China venture partners, Mazda Motor Corp and Chongqing Changan Automobile Co, are seeking Chinese government approval to end their three-way tie up, two sources said on Thursday.

Full Article
BP says oil spill costs $450 million so far
May 13, 2010 08:34 AM ET
LONDON (Reuters) - British oil major BP said the oil spill in the Gulf of Mexico had cost it $450 million so far, an increase of $100 million on the figure reported earlier this week.

Full Article
Former Lehman execs launch distressed structured credit fund
May 13, 2010 06:39 AM ET
HONG KONG (Reuters) - Former Lehman Brothers Asia executives, who headed the bank's structured products division and its syndicate business, have launched their maiden hedge fund investing in distressed structured credit assets, said the partners in the fund firm, Oracle Capital.

Full Article
REUTERSwww.reuters.com