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Jun 8, 2010

NASDAQ: FOREX NEWS AtT 08:58p:m: EST Lima Perú

NASDAQ FOREX

Latest Forex News


Mining Interactive: Tasman Continues to Discover Thick Heavy Rare Earth Intervals at Norra Karr, Sweden


TASMAN METALS LTD.
'The Tasman Metals Rare Earth Story'

PHASE 1 DRILLING CONTINUES TO DISCOVER THICK HEAVY RARE EARTH INTERVALS AT NORRA KARR, SWEDEN

Including 104.7m averaging 0.67% TREO, 2.1% ZrO2 with 58.7% HREO

  • 15 positive drill holes have been released to date of the Company’s initial 26-hole drill program
  • All 5 drill holes reported today intersected REE-Zr mineralization, with mineralization in two holes exceeding 100m
  • Hole NKA10011 returned 104.7m at 0.67% TREO (total rare earth oxide), 2.1% ZrO2 (zirconium oxide), with 58.7% of the TREO being HREO (heavy rare earth oxide)
    This hole is of particular note because of the high grades of zirconium intersected.
Mark Saxon, Tasman Metals President & CEO:
"Results from the first 15 drill holes confirm the Norra Karr intrusion to be well mineralized over a large area, and we are certainly pleased with the results achieved from this phase 1 program.
REE-Zr enriched rocks have been intersected over 800m of strike and to our drill depth of at least 100m vertically. Eleven drill holes remain to be reported from two infill drill sections, which test the continuity of rare earth element mineralization.”
Dear Friends:
Eleven (11) more holes to come from this exciting and, so far, highly successful drill program therefore,
Stay Tuned - - for the next Chapter in the Tasman Metals Rare Earth Story!!!

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


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

MarketWatcjh : Personal Finance Daily. June 8th., 2010

MarketWatch
Personal Finance Daily
JUNE 08, 2010

Tuesday's Personal Finance stories

By MarketWatch



 
Don't miss these top stories:

I guess you could say, about the job market, that things could be worse. But that wouldn't be saying much, because things are pretty bad right now.

Read Ruth Mantell's Diary of a Recession Baby today on the rough road young job-seekers are facing (if you thought a 9.7% national unemployment rate is bad, read her story). Then, there's a Manpower survey detailing employers' fairly tepid hiring plans for the third quarter, with a net 6% of firms saying they'll hire -- that's a lot more firms that said that a year ago, but a lot fewer than usual in a decent economy.

And in case that's not bad enough, read Brett Arends on five ways the job market is even worse than you think, and see Irwin Kellner's column for a similar theme.

Sigh. At least some Medicare beneficiaries are about to get a little cash to help cover their drug costs. To my mind, that's good news. But if you're opposed to government spending, you won't be happy about that, either.

-- Andrea Coombes , Personal Finance editor

THE JOB MARKET

Young job-seekers face tough haul ahead

He's been looking for a full-time job since February, but Carter Lavin's search is still going strong. While hunting for a position, the 21-year old has been keeping busy. He recently returned from a week-long volunteering trip to Louisiana, providing relief to families hurt by the oil spill.
See Ruth Mantell's Diary of a Recession Baby.


Employers' hiring plans rise one percentage point, Manpower says

Employers' hiring plans for the upcoming third quarter stayed almost flat from the previous quarter, with a seasonally adjusted net 6% of firms saying they intend to hire, up from 5% in the second quarter, according to the latest Manpower Employment Outlook survey released Tuesday.
See story on Manpower's employment outlook.


Job turnover remains scarce in April, U.S. says

Job turnover in the U.S. economy remained at depressed levels in April amid signs of a slow thawing, according to data released Tuesday by the Labor Department.
See Economic Story.


Five ways job numbers are worse than bad

The news on jobs isn't as bad as it seemed on Friday. It's worse. President Obama and Treasury Secretary Geithner were trying to putting on a happy face, but the markets weren't buying. They have tumbled worldwide since the latest payroll data.
See Brett Arends on five ways jobs numbers are worse than bad.


Labor market is worse than it looks

The labor market is far worse than it looks. At first glance, the opposite seems to be the case. Not only has employment grown in six of the past seven months, but the jobless rate has retreated from its cycle high of 10.1% last October, to 9.7% last month.
See Irwin Kellner.


HEALTH CARE

Rebate checks of $250 on the way for some Medicare beneficiaries

If you're on Medicare, the federal health program for people 65 and older and the disabled, and you've fallen into the prescription-drug coverage gap known as the doughnut hole this year, the U.S. government is putting a $250 check in the mail for you starting Thursday.
See Kristen Gerencher's Health Matters Blog.


INVESTING

Bond-fees aren't budging

Mutual funds often say that asset growth will spread costs among more investors and so reduces fund fees. But evidence from the largest bond funds suggests this hasn't been the case, even as new money pours into these offerings.
See FundWatch.


CARS

Commentary: Sizing up GM's latest recall

General Motors announced a huge voluntary recall Tuesday. When dolling yourself up for a public stock offering, it's not exactly the impression you're after. Or is it?
See MarketWatch First Take.


ECONOMY & POLITICS

Economy needs to recover from its emotional traumas

For decades, consumers have held that it's a recession when your neighbor loses his job and a depression when you lose yours.
See MarketWatch First Take.


Gold breaks record as investors fear recession, currencies

Gold futures advanced to a record Tuesday as investors sought out an alternative to currencies amid lingering fears of a worldwide slide into recession.
See Metals Stocks.


GDP 'growth' fetish is killing your retirement

What do we do now, oh great Zen master? "When you get to a fork in the road, take it," replies the wise one, Yogi Berra, greatest Yankee catcher of all time.
See Paul B. Farrell.


Bernanke doesn't expect U.S. double-dib recession

Federal Reserve board chairman Ben Bernanke said Monday he didn't think that the U.S. economy would slip back in to recession, saying that consumer spending and business investment seem strong enough to keep the economy growing, albeit at a relatively subdued rate.
See The Fed.

ABC News : Austratlia / Global Financial Crisis. ( June 8th., 2010 E.S.T. Lima Perú)


Commodities rebound but tech stocks weigh in US
There was a mixed finish to trading on Wall Street, with steady gains for the Dow and S&P 500, but losses for the Nasdaq, because of weakness in the technology sector.

Britain told to spend less, tax more
A major ratings agency has warned that Britain will need a more ambitious plan to cut its deficit, hinting that tax rises as well as spending cuts will be needed to tackle the debt burden.

Health budget welcomed but 'sick' payroll system deters staff
Doctors and nurses are sceptical a boost in health spending in this year's state budget will be the answer to Queensland Health's 'sick' payroll system.

GLOBAL FINANCIAL CRISIS

Composite pic of mining, agriculture and manufacturing industries.
Business confidence fell from 13 to 5 in May, as mining and manufacturing confidence slumped

Business confidence slumps in May Photo

Posted Tue Jun 8, 2010 12:00pm AEST
Updated Tue Jun 8, 2010 4:06pm AEST
There has been a sharp fall in business confidence, particularly in the mining, wholesale and manufacturing sectors.

Commodities rebound but tech stocks weigh in US

There was a mixed finish to trading on Wall Street, with steady gains for the Dow and S&P 500, but losses for the Nasdaq, because of weakness in the technology sector.

Rudd redoubles attack over mining tax Photo

Prime Minister Kevin Rudd says some mining companies are distorting the facts about the impact of the mining profits tax.

REUTERS : DAILY INVESTOR UPDATE .-Dow and S&P rise on commodities and banks, but tech dips. June 8th., 2010

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Dow and S&P rise on commodities and banks, but tech dips
Rates to stay low for "some time": Fed's Evans
GM recalls 1.5 million vehicles on fire risk
Retail sales to show spending holding up
JPMorgan hit by big coal trading losses: traders
McDonald's May sales up but sees euro drag on profit
Bankrupt Lehman seeks more debt of NY building
April job openings at highest since late 2008
Bernanke says Europe committed to euro's survival
Warren Buffett lunch bid reaches $200,100
Dow and S&P rise on commodities and banks, but tech dips
June 08, 2010 04:27 PM ET
NEW YORK (Reuters) - Stocks mostly rose in volatile trading on Tuesday, led by materials and financial shares, but investors shied away from big-cap technology shares on concerns about their European exposure.

Full Article
REUTERSwww.reuters.com
 

FGC BOLSA FGC FINANCIAL MARKETS : Market Watch - Industry Financial Services - FundWatch: Bond-fund assets grow, but fees aren't budging : June 8th 2010


FGC BOLSA -FGC FINANCIAL MARKETS



INDUSTRY: FINANCIAL SERVICES

FundWatch: Bond-fund assets grow, but fees aren't budging

By Sam Mamudi MarketWatch
6/8/2010 4:52:00 PM



Mutual funds often say that asset growth will spread costs among more investors and so reduces fund fees. But evidence from the largest bond funds suggests this hasn't been the case, even as new money pours into these offerings. See full story

Hedge Funds: Hedge-fund liquidations increase in first quarter


By Alistair Barr MarketWatch
6/8/2010 2:23:00 PM



The number of hedge funds shutting down grows during the first quarter, despite an improvement in performance, Chicago-based Hedge Fund Research says. See full story

Hungary plan includes tax cuts, public pay cuts

By William L. Watts MarketWatch
6/8/2010 1:49:00 PM


Hungarian Prime Minister Viktor Orban says his new government would cut public pay and prohibit mortgages denominated in foreign currencies, while also effectively cutting taxes, news reports say. See full story




CNBC : Latest Stories. June 8th., 2010



LATEST STORIES






    

NYT: Business Afternoon Update..- E.U. Finance Ministers Agree on Tighter Oversight.June 8th., 2010

The New York Times
June 08, 2010

                

Afternoon Update

 

BUSINESS

E.U. Finance Ministers Agree on Tighter Oversight

By STEPHEN CASTLE
Despite continuing tensions over economic policy, the ministers came together over a range of measures to avert a further loss of confidence in the euro.

With Strikes, China's Workers Seem to Gain Power

By DAVID BARBOZA and HIROKO TABUCHI
A Honda supplier faces a fresh strike, while the electronics maker Foxconn is assessing its operation after a string of suicides.

G.M. Recalls 1.5 Million Vehicles

By NICK BUNKLEY
A heated washer-fluid system in vehicles from the 2006 to 2009 model years could short circuit and cause a fire.

Swiss Lawmakers Reject UBS Tax Deal

By DAVID JOLLY
A vote Tuesday by the lower house of the Swiss Parliament rejected a deal to hand over data on American clients of UBS suspected of tax evasion to the United States.

U.S. Indexes Wander as European Shares Slip

By SUSANNA G. KIM and DAVID JOLLY
The Fed chief offered some calming words about the economy, yet investors continued to worry about Europe's sprawling debt crisis and spending cuts.

CNBC : Closing Bell Countdown. June 8th., 2010

FOX BUSINESS . DOW BRIEFLY RISES 100 POINTS AHEAD OF CLOSE. JUNE 8th., 2010

bailout capitol money green 276
Cost-Cutting Not Enough?Republicans and White House critics say the administration's latest cost-cutting program shows little regard for the worsening fiscal situation.
Don't miss Neil Cavuto's special coverage of the primary elections starting at 8pm ET

Deception, Delusion and Abuse

Is the World Broke? From Berlin to Tokyo, governments struggle to instigate growth to pay their bills, while China enjoys breakneck progress.

Bulls Make Late Return

The Dow ended higher the Nasdaq slashed heavy losses amid a rush of late-day bargain-hunting in beaten-down commodity and financial stocks.

Dimon Is Screaming Mad

JPMorgan CEO Jamie Dimon got into a heated exchange with Sen. Kirsten Gillibrand over proposed financial regulation. | WATCH

Rebate Vs. Zero Percent Financing

Money 101 Car buying: when is 0% financing a better deal than a dealer rebate?

NASDAQ : Currencies: Spike Sown In Awiss Franc Helps Euro Versus Dollar.- By Deborah Levine. Juner 8th., 2010

NASDAQ

CURRENCIES: Spike Down In Swiss Franc Helps Euro Versus Dollar:By Deborah Levine

The dollar declined against the euro on Tuesday, driven by a swift spike lower by the Swiss franc against both currencies.
Data showing how much Switzerland has benefited from the European debt crisis pushed the Swiss franc to a new high versus the euro. Analysts said that may have prompted some intervention by the Swiss National Bank -- either by buying euro against the franc or the U.S. dollar.
Earlier, European finance ministers formally laid out plans to create a rescue fund. Analysts said ongoing sovereign-debt worries and concerns that a quicker pace of fiscal consolidation in the euro zone will weigh on growth kept a lid on the scope for gains by the euro.
The euro (CUR_EURUSD) traded at $1.1958, from $1.1948 late in North American trading Monday. The euro set a new four-year low versus the greenback earlier Monday below $1.19. The single currency faces resistance at the $1.20 level, according to Brown Brothers Harriman.
The dollar index (DXY), which tracks the U.S. unit against a basket of six major currencies, traded at 88.221, compared with 88.340 late Monday.
Meanwhile, the Swiss franc hit a record low against the euro after data showed the Swiss National Bank's currency reserves climbed to CHF232.4 billion by the end of May from CHF153.6 billion in April.
Against the Swiss unit, the euro traded at 1.3760 francs, a loss of 0.4%, after hitting an all-time low at CHF1.3744.
The reserve data reflected the strength of safe-haven flows into the Swiss franc amid the euro zone's sovereign debt crisis as well as the SNB's purchases of foreign currencies, particularly the euro, in an effort to stem the Swiss franc's rise.
"The numbers are much larger than most had expected, suggesting that safe- haven flows into the franc have been very substantial," said Beat Siegenthaler, currency strategist at UBS. "However, the aggressive SNB action in May also suggests that FX interventions are unlikely to be discontinued just yet."
The central bank has said repeatedly that it won't allow excessive appreciation of the franc, which threatens the Swiss economic recovery by denting exports.
The spike down in the franc in midday U.S. trading could also have been a paring of so-called short positions against the euro, especially as London markets closed, said Dean Popplewell, chief currency strategist at Oanda. A short position is a bet that an asset will fall, in this case the euro falling against either the dollar or Swiss franc.
Europe's latest step
"The market seems largely unimpressed with the European finance minister's decision yesterday to formally initiate the special purpose vehicle that will sell bonds backed by guarantees from euro zone countries and then uses those funds to make loans to members in need," Marc Chandler, head of currency strategy at Brown Brothers, wrote in a note. "Many observers are skeptical that new debt can really be an effective remedy for countries that have too much debt."
At the same time, Spanish government workers began a strike to protest austerity measures that will cut individual salaries for public workers.
"The strikes remind us of the economic and political tightrope that European nations are walking on and why new announcements or measures do not come easily, " said Kathy Lien, director of currency research at Global Forex Trading.
Larger-than-expected deficit cuts planned by Germany may not be the right policy choice in this context, Brown Brothers added, by weighing on the region's economic growth.
Currency markets also absorbed comments from Federal Reserve Chairman Ben Bernanke late Monday. He said he didn't expect the U.S. economy to suffer a double-dip recession.
Meanwhile, the Japanese yen was mixed. The euro (CUR_EURYEN) traded at Â& #165;109.14, compared with Â¥109.67 Monday. One U.S. dollar (CUR_ USDYEN) bought Â¥91.28, compared to Â¥91.49.
U.K.'s 'formidable' challenge
The British pound (CUR_GBPUSD) fell 0.5% versus the U.S. dollar to $1.4417. The euro gained 0.7% against sterling at 82.98 pence.
The pound had extended a loss after Fitch Ratings issued a special report warning that Britain faced a "formidable" fiscal challenge. The agency urged the new Conservative-Liberal Democrat coalition government to speed up deficit reduction or risk lagging other AAA-rated peers.
"The government's attention on the fiscal situation should support the pound in the longer run, by lowering the risk premium on U.K. government assets, but over the next few months cuts both ways for the currency," said currency strategists at Barclays Capital.
"The markets are likely to welcome a relatively early and serious approach to what is an important issue, but tight fiscal policy is likely to be associated with relatively weak demand and loose monetary policy, neither of which is typically associated with a strong currency," they wrote in a note.
(END) Dow Jones Newswires
  06-08-101449ET
  Copyright (c) 2010 Dow Jones & Company, Inc.

Real Clear Politics:A Very Deep Unemployment Hole June 8th., 2010


Real Clear Politics Tuesday

A Very Deep Unemployment Hole - Bob Herbert, New York Times
Where Are the Jobs? - Rich Lowry, New York Post
Blaming Obama for Not Being a God - Froma Harrop, Providence Journal
Obama's Lack of Executive Experience on Display - Byron York, Examiner
Poll Shows Anger at Government Hitting Peak - Gary Langer, ABC News
Reid in Trouble Regardless of Who Wins GOP Primary - Sean Trende, RCP
I Hate My Oil-Drenched Lifestyle - Joanna Weiss, Boston Globe
The Left Flunks Econ 101 - Daniel Klein, Wall Street Journal
$23 Billion More Needed for Teachers - Reps. Miller & Obey, USA Today
The New Public Education Shakedown - Michael Graham, Boston Herald
Mickey Kaus' Boxer Rebellion - Jeremy Lott, RealClearPolitics
Even Sarah Palin Deserves Some Privacy - Leonard Pitts, Houston Chronicle
The 'Costs' of Free Speech - Matt Welch, Reason
What Helen Thomas Missed - Richard Cohen, Washington Post
Was Hearst Right to Force Thomas to Retire? - Carl Cannon, Politics Daily
Our Hard-Core Adversarial Press Corps - Glenn Greenwald, Salon
Obama's Most Ironic Commencement Speech Yet - Andrew Malcolm, LAT
Primary Polls: Nevada | Arkansas | California | South Carolina | Iowa
Election '10: Lincoln's Path to Victory 5 Under-the-Radar Races Today

Editorials

Helen Thomas: Bizarre End to a Long Career - Boston Globe
The Doctor Will See You Later - Investor's Business Daily
'Islamic Terrorism' & the Obama Administration - Los Angeles Times
A Bloody Outrage: Hodes, Shea-Porter in Hiding - NH Union Leader

Real Clear Politics Tuesday

A Very Deep Unemployment Hole - Bob Herbert, New York Times
Where Are the Jobs? - Rich Lowry, New York Post
Blaming Obama for Not Being a God - Froma Harrop, Providence Journal
Obama's Lack of Executive Experience on Display - Byron York, Examiner
Poll Shows Anger at Government Hitting Peak - Gary Langer, ABC News
Reid in Trouble Regardless of Who Wins GOP Primary - Sean Trende, RCP
I Hate My Oil-Drenched Lifestyle - Joanna Weiss, Boston Globe
The Left Flunks Econ 101 - Daniel Klein, Wall Street Journal
$23 Billion More Needed for Teachers - Reps. Miller & Obey, USA Today
The New Public Education Shakedown - Michael Graham, Boston Herald
Mickey Kaus' Boxer Rebellion - Jeremy Lott, RealClearPolitics
Even Sarah Palin Deserves Some Privacy - Leonard Pitts, Houston Chronicle
The 'Costs' of Free Speech - Matt Welch, Reason
What Helen Thomas Missed - Richard Cohen, Washington Post
Was Hearst Right to Force Thomas to Retire? - Carl Cannon, Politics Daily
Our Hard-Core Adversarial Press Corps - Glenn Greenwald, Salon
Obama's Most Ironic Commencement Speech Yet - Andrew Malcolm, LAT
Primary Polls: Nevada | Arkansas | California | South Carolina | Iowa
Election '10: Lincoln's Path to Victory 5 Under-the-Radar Races Today

Editorials

Helen Thomas: Bizarre End to a Long Career - Boston Globe
The Doctor Will See You Later - Investor's Business Daily
'Islamic Terrorism' & the Obama Administration - Los Angeles Times
A Bloody Outrage: Hodes, Shea-Porter in Hiding - NH Union Leader

NASDAQ: Market News & Analysis.-:Put seller sees Penwest holding . June 8th., 2010

NASDAQ

Market News & Analysis

Forbes : Commentary Leave BP Alone. June 8th., 2010


Leave BP Alone
Brian S. Wesbury and Robert Stein
When government tries to eliminate risk, it often creates even more.


Analyzing Altruism
Oren Harman
Is it an evolutionary inheritance or a cultural construction? We may never know.
 
BP's Endless Nightmare In The Gulf
Richard A. Epstein
Punitive damages and criminal prosecutions will only make matters worse.
 
The Government's Peculiar Assault On Profits
John Tamny
Why further fining oil companies and airlines will do more harm than good.
 
Turkey's Two-Faced Aid For Gaza
Claudia Rosett
On real humanitarian relief, Erdogan talks big and gives small.

From Tha Desk Of Nick Nicolaas: European Gold Centre - NEWS FLASH - Bonanza Gold and High Grade Uranium at Rompas Project in Finland. June 8th., 2010

MINING IN EUROPE
a publication of
E U R O P E A N   G O L D   C E N T R E
Dear Reader:
Please find attached a NEWSFLASH on the latest news release of earlier today by Mawson Resources Ltd., a SUPPORTING COMPANY of MINING IN EUROPE.
Best regards,
Henk J. Krasenberg.

FGC BOLSA - FGC FINANCIAL MARKETS : MarketWatch.- Industry Financial Services. June 8th., 2010




 
INDUSTRY: FINANCIAL SERVICES

By Robert Daniel MarketWatch
6/8/2010 9:37:00 AM



TEL AVIV (MarketWatch) -- Israeli stocks were steady on Tuesday, with strength in Israel Corp., defense contractor Elbit Systems and the oil companies offset by drops in the drug makers and the tech sector. See full story

Bond Report: Treasurys lower after Bernanke, before auction

 
By Deborah Levine MarketWatch
6/8/2010 9:09:00 AM



Treasury prices slip as yields move narrowly higher, as bond traders get ready for the sale of $36 billion in 3-year notes, the first of three government auctions scheduled for this week. See full story

 Swiss parliament rejects UBS tax-evasion deal

 
By Simon Kennedy MarketWatch
6/8/2010 8:39:00 AM



The lower house of the Swiss parliament rejects a bill that would have paved the way for UBS to hand over the names of thousands of clients to U.S. tax authorities. See full story



RTTNews: Daily Market Analysis.-Bargain Hunting Could Lead To Buying Even As Sentiment Remains Shaky. June 8th., 2010

Daily Market Analysis Tue Jun 8 09:16 2010 

Jun 8, 2010 Bargain Hunting Could Lead To Buying Even As Sentiment Remains Shaky - RTTNews Daily Market Analysis The major U.S. index futures are pointing a higher opening on Tuesday, with the oversold levels of the market likely to offer some support. Some encouraging actions taken by the European Union and reassuring comments by Federal Reserve Chairman Ben Bernanke about the nature of recovery in the domestic economy should attract some bargain hunters into the market. That said, given fears of a contagion effect of the European sovereign debt crisis and the fragile nature of the economic recovery that is underway, sentiment among traders is likely to remain shaky. Full Article

RTTNews : Morning Market Briefing.-Stocks May See Moderately Higher Open - U.S. Commentary June 8th. 2010

Morning Market BriefingTue Jun 8 09:01 2010 

Commentary

Jun 8, 2010 Stocks May See Moderately Higher Open - U.S. Commentary Stocks are poised to move moderately higher at the start of trading on Tuesday, as traders are considering some relatively calming economic commentary from Federal Reserve Chairman Ben Bernanke last night. The major index futures are currently all positive, with the Dow futures up by 54 points. Full Article

Economic News

Jun 8, 2010 German April Industrial Production Grows More Than Expected German industrial production growth in April exceeded the forecast mainly on robust recovery in construction after the harsh winter. Full Article
Jun 8, 2010 Australian Business Confidence Falls Sharply Business confidence in Australia declined for the third straight month in May and at a marked pace, fresh data has suggested. Business conditions also eased during the month, with slump blamed on uncertainty in global financial markets. Full Article
Jun 8, 2010 German Exports Log First Fall In Three MonthsGerman exports fell more than expected in April following a near-record high growth in March, giving a sluggish start to the second quarter. Full Article
Jun 8, 2010 Japan Current Account Surplus Widens In April Japan's current account surplus increased in April from the previous year mainly due to a larger surplus in the trade gap, an official report showed on Tuesday. Separate data released today showed that bank lending in Japan recorded the sharpest annual fall in nearly five years during May. Full Article

Earnings News

Jun 8, 2010 Dollar General Q1 profit up 64%; raises FY10 adj. EPS guidanceTuesday, Dollar General Corp. (DG) reported a 64% rise in profit for the first quarter, as revenue grew 11.9% from the past year. Adjusted profit climbed 75%, helped by a 6.7% improvement in same store sales. The company also noted that gross margin widened 136 basis points to 32.1%. Upbeat on the quarterly results, Dollar General lifted its core earnings outlook for the full year. Full Article
Jun 8, 2010 Talbots Q1 loss narrows, adj. EPS beats Street; guides Q2 EPSTuesday, The Talbots Inc. (TLB) said its fiscal first-quarter loss narrowed from the prior-year period. Adjusted earnings per share came in above the Street view, although sales fell short of expectations, despite growing 4.7% year-over-year. The company noted that better inventory management boosted margins for the quarter. For the second quarter, Talbots provided earnings guidance range, with the estimate of analysts at the top end of the range. For the full year, the company expects a sales growth of 3% - 5%. Full Article

Corporate News

Jun 8, 2010 Forest Labs, TransTech sign $1.1 bln dealTuesday, Forest Laboratories Inc. (FRX) and TransTech Pharma Inc. signed a license agreement, under which Forest Labs could reimburse TransTech up to $1.1 billion for developing and marketing diabetes drug. Full Article
Jun 8, 2010 Walgreen severs pharmacy network ties with CVS CaremarkMonday Walgreen Co. (WAG) said it will no longer provide new and renewed prescription drug plans awarded to CVS Caremark Corp. (CVS)'s pharmacy benefit manager. The company said that CVS' promotion of some prescription drug plan designs disrupts networks by requiring patients with chronic conditions in many plans to use CVS pharmacies or Caremark mail service facilities for their prescriptions instead of Walgreens. This limits patient choice and ends up separating patients from community pharmacists they know and trust at a Walgreens drugstore. Full Article

Broker Ratings Changes

Jun 8, 2010 FBR Capital Markets Cuts Diamond Offshore Drilling Inc. (DO) To Underperform From Market Perform With $54 Down From $97 Price Target
Jun 8, 2010 FBR Capital Markets Cuts Noble Corp. (NE) To Market Perform From Outperform With $36 Down From $62 Price Target
Jun 8, 2010 FBR Capital Markets Lowers Baker Hughes (BHI) To Market Perform From Outperform With $47 Down From $61 Price Target

Todays WS Events

Jun 8, 2010 3M To Present At The 2010 J.P. Morgan Diversified Industries Conference; Webcast At 9:15 AM ET 3M Co (MMM) will present at the 2010 J.P. Morgan Diversified Industries Conference in New York. The event is scheduled to begin at 9:15 AM ET, June 8, 2010. To access the live webcast, log on to http://investor.3M.com
Jun 8, 2010 Cisco Systems To Present At UBS Global Technology And Services Conference; Webcast At 10:00 AM ET Cisco Systems Inc. (CSCO) will make a presentation at the UBS Global Technology and Services Conference in New York. The event is scheduled to begin at 10:00 AM ET June 8, 2010. To access the live webcast, log on at http://investor.cisco.com
Jun 8, 2010 Microsoft To Present At UBS Global Technology & Services Conference; Webcast At 12:00 PM ET Microsoft Corp (MSFT) will make a presentation at the UBS Global Technology & Services Conference. The event is scheduled to begin at 12:00 PM ET June 8, 2010. To access the live webcast, log on at www.shareholder.com/visitors/event/build2/MediaPresentation.cfm?MediaID=42494&MediaUserID=0&player=1

Commodities

Jun 8, 2010 Gold Hits Record High As Risk Aversion ResurfacesThe price of gold advanced to a fresh all-time high Tuesday morning as risk aversion resurfaced amid lingering worries over the euro zone debt situation and concerns over global economic growth. Full Article

Mergers

Jun 8, 2010 ABB To Acquire UK's Chloride Group For About US$1.25 Bln - Update Swedish power and automation technology company ABB Ltd. (ABB) said Tuesday that its GBP 860 million, or approximately US$1.25 billion, takeover offer for UK-based power solutions provider Chloride Group Plc (CHLD.L) was agreed by Chloride's Board. The all-cash offer of 325 pence per share will be implemented by way of a Scheme of Arrangement expected to be effective during the fourth quarter. Following the news, shares of Chloride rose over 18% in morning trade on the London Stock Exchange. Full Article