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Jun 11, 2010

MarketWatch: Weekly Roundup.- MarketWatch's top stories June 7-11. Nune 11th., 2010

MarketWatch
Weekly Roundup
JUNE 11, 2010

MarketWatch's top stories June 7 - 11

By MarketWatch



SAN FRANCISCO (MarketWatch) - U.S. stocks ended the week with decent gains, thanks mostly to a bang up day on Thursday, when the Dow Jones Industrial Average rose nearly 300 points on positive economic news and statements from policy makers.

Sentiment is anything but settled, as the week also produced a day of triple-digit losses for the Dow. It appears that investors have yet to decide whether they are in durably positive mood.

The Dow Jones Industrial Average (.DJI) rose 38.54 points or 0.38% to close at 10,211.07 on Friday for a weekly gain of 2.8%. The Nasdaq Composite Index (.COMP) rose 24.89 points or 1.1% to close at 2,243.60 on the day and notch a 1.1% gain for the week. The benchmark Standard & Poor's 500 Index (.SPX ) gained 4.76 points or 0.4% to close at 1,091.60 on Friday. For the week the index rose 2.5%.

Stay tuned to MarketWatch over the weekend for all the news you need. Our weekend investor feature can help you build a "vacation" with a portfolio of stocks from the tourism and leisure industry. We'll also have coverage of the World Cup, which hits its stride over the weekend after Friday's opening games.

Please take a few minutes to view our Week Ahead videos.

 U.S. Week Ahead: Inflation Reports, BP, Earnings

 Europe's Week Ahead: Tesco, Sainsbury Updates

 Asia's Week Ahead: BOJ Rate Decision

-- Christopher Noble , assistant managing editor

iPhone 4, but not 4G (and not Verizon)

Apple (AAPL) unveiled a new version of its popular smartphone, the iPhone 4. The phone has more than 100 new features compared to the previous version but does not run on any 4G networks. The iPhone remains available exclusively on ATT (T), which disappointed some observers who had hoped Apple would widen its distribution. Analysts expect Apple to draw in many new customers with the new version of the phone. Read a story about analyst reaction to the new iPhone.

Strong enough

The U.S. economy is strong enough to withstand higher taxes and interest rates, Federal Reserve President Ben Bernanke told Congress this week. He said the private sector is starting to provide strength to the economy, slowly replacing the stimulus from government spending. Read a story about Bernanke's comments on the economy.

All that glitters

With record high prices and a reputation for volatility, gold may not be a bargain these days. But a few other commodities look like they might be steals. Investors should consider rhodium, Uranium or even wheat instead. Read Commodities Corner on gold and some alternatives.

Flow rate

Scientists studying how much crude oil BP Plc.'s blown well has poured into the Gulf of Mexico offered an estimate as high as 40,000 barrels a day, nearly twice as high as earlier estimates that the well was spewing 12,000 to 19,000 barrels a day. The higher estimate would make the current disaster far worse than the Exxon Valdez spill of 1989. Read a story about new estimates of oil flow from the ruptured well.

Going too far

Financial reform has gone too far. Chain store owners, high-flying derivatives traders, powerful public officials and megabanks could see their obscene profits shrink to merely outrageous. They might be confused if financial reform becomes law. Read David Weidner's column on financial reform.

No joke

Long-time Wall Street fixture Bob Brusca may be beloved for his lively language and sense of humor but his economic forecasts in May were no joke. Brusca's accuracy in predicting 10 economic indicators last month propelled him to win hi first forecast of the month award from MarketWatch. Read the story on our forecaster of the month.

Bond fund fees stuck as assets grow

Mutual funds often say that asset growth will spread costs among more investors and so reduce fund fees, but evidence from the largest bond funds suggests this hasn't been the case even as new money pours into the funds. Read a Fundwatch about bond fund fees.

Age before beauty?

Video game consoles these days are starting to show their age and now the industry's biggest players are responding with new control systems that could extend the lifespan of current platforms for several more years. That dynamic is shaping up to be a major theme at this year's E3 Electronic Entertainment Expo. Read a story about electronic game console makers.

The housing recession is not over

After years of hearing how home prices are falling and foreclosures are on the rise, consumers want to fee hopeful about the housing market, but they might be too optimistic. There are four myths that are beguiling consumers as they try to make sense of the housing market. Read a story about the housing market.

Cobra payment may end

Just months after passing comprehensive health reform, U.S. lawmakers appear willing to risk a short-term backslide in the push to reduce the number of uninsured Americans until the overhaul's major provisions take effect in 2014. Read a story about the possible end to Cobra payment subsidies.

From The Desk Of Nick Nicolaas: Zeal Intelligence Weekly - Oil Stocks Deeply Oversold by Adam Hamilton. June 11th., 2010


Dear Friends:
Adam Hamilton has posted his weekly Zeal Intelligence Newsletter on the Mining Interactive Website. Click here:
Have a great weekend and - - - Stay Tuned!!

Regards,
Nick L. Nicolaas
Mining Interactive “Ahead of the Pack”
Nick L. Nicolaas
President & CEO
Mining Interactive Corp.
www.mininginteractive.com
Direct 24/7: +1 (604) 657-4058
Main Office: +1 (604) 569-0800
Fax: +1 (604) 569-0758
Skype: nicknicolaas
nick@mininginteractive.com
Vancouver Stock Exchange Building (1929)
Suite 818 - 475 Howe Street
Vancouver, BC, Canada V6C 2B3

MarketWatch : Personal Finance Stories .- June 11th, 2010

MarketWatch
Personal Finance Daily
JUNE 11, 2010

Friday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

If you don't have kids yet but are planning to, or your kids are very young, you might want to avoid reading what I'm about to write.

It costs a middle-income family $222,000 to raise a child from birth to age 17, and that's before you start paying for college, according to government data this week.

Does that seem steep to you, or not? The answer depends a lot on where you live, whether you send your children to public or private school, and the degree to which you pay someone else for child care.

I guess I could go back and figure out a general ballpark figure for how much I've spent on my daughter. That $222,000 for 17 years works out to a little more than $1,000 a month, in nominal dollars, and since the government data include housing costs, that could be close to right for us. She went to public school, but I've been paying for housing in San Francisco her whole life. Throw in a few summer camps and vacations and the like and there you go.

But I imagine plenty of families make it work for less than that. If you tap the public schools, live in a more affordable city, and resist the nonessential purchases, kids aren't always so expensive. (Of course, with all the baby gadgets available out there, sussing out what's an essential purchase and what's not isn't that easy, especially for first-time parents.)

As a personal-finance writer, this data probably should prompt me to advise prospective parents to save a lot of money before starting a family. Then again, life doesn't always work quite as planned and, sometimes, figuring it out as you go is the best part.

-- Andrea Coombes , Personal Finance editor

A village to raise a child? Try $222,000

They sure are cute, but raising your kids is going to set you back some serious cash, according to recently released government data.
See Ruth Mantell's Diary of a Recession Baby.


HEALTH CARE

Medicare rebate checks on the way

If you're on Medicare and you've fallen into the prescription-drug coverage gap known as the doughnut hole this year, look for a $250 check in the mail starting Thursday. MarketWatch's Kristen Gerencher reports.
 Watch Health Minute.


INVESTING

Leveraged ETFs magnify returns -- and risk

Exchange-traded funds that use leverage to boost returns have an appeal that can be hard to resist. If your timing is right, you can collect gains two or even three times that of the daily return of a given stock or bond index.
See Jonathan Burton's Life Savings.


Commentary: Sorry shareholders, there will be BP blood

Drip, drip, drip. No, it's not the sound of oil -- that's sounds more like a rush of liquid, think Niagara Falls. No, it's blood as in blood money BP PLC shareholders are about to pay for their investment in a company that whatever its role, is responsible for what history may judge as the worst environmental disaster ever.
See MarketWatch First Take.


Buybacks tell a bullish story

Ghost of 2008? That ghost still lives, even after Thursday's impressive buying stampede. That's because the stock market's plunge last month -- the Dow Jones Industrial Average had its worst May since 1940 -- prompted many investors to worry that the European debt mess will lead to a replay of the credit crunch of 2008.
See Mark Hulbert.


REAL ESTATE

Jumbo mortgage market's slow return to normal

Question: I keep reading about how low mortgage rates are for Federal Housing Administration insured loans and mortgages under the conventional loan limit. But what's going on in the jumbo market? Are things going to loosen up any time soon?
See Realty Q&A.


CONSUMERS

Consumer sentiment rises in June

U.S. consumer sentiment rose in early June, hitting the highest level since January 2008, according to data released Friday from the Reuters/University of Michigan index.
See story on consumer sentiment rises in June.


SPORTSWATCH

America wins the World Cup! (Just imagine it)

What would happen if America won the World Cup this year? Men would weep, babies would cry -- and the fortunes of soccer (as Americans stubbornly insist on calling it) would finally soar in the United States.
See MarketWatch First Take.


THE JOB MARKET

Mortgage mess is a boon to fraud examiners

At least one group is benefiting from the crackdown on bad apples in the mortgage business: mortgage fraud examiners.
See story on mortgage mess is a boon to fraud examiners.


Commentary: Companies can always cut more

Solo Cup Co. announced this week it is eliminating 1,240 jobs as it closes plants in Owings Mills, Md., North Andover, Mass., and Springfield, Mo.
See Al Lewis.


ECONOMY & POLITICS

Frank: Tough version of 'Volcker rule' will be in bank bill

Senators and House legislators on Thursday launched into a weeks-long effort to reconcile differences in two versions of sweeping bank-reform legislation approved in each chamber, with a key member arguing that when the package is completed it will include a tough "Volcker rule," barring big banks from making speculative proprietary derivatives and stock investments for their own accounts.
See story on tough version of 'Volcker rule' will be in bank bill.


THE GULF OIL SPILL

BP moving to boost oil collection to 50,000 barrels a day

Obama administration officials planned to issue a decision later on Friday on a plan by BP PLC to increase the processing capacity at the Deepwater Horizon spill to a maximum 50,000 barrels a day by the middle of July, U.S. Coast Guard Adm. Thad Allen said Friday.
See story on BP moving to boost oil collection to 50,000 barrels a day.


Scientists hike estimates on flow rate of BP spill

Scientists studying how much crude BP PLC's blown oil well has poured into the Gulf of Mexico offered startlingly higher estimates Thursday than those noted earlier, perhaps topping 40,000 barrels a day.
See story on scientists hike estimates on flow rate of BP spill.

RRTTNews: Evening Market Wrap.- Late-Session Buying Lifts Stocks To End Week. June 11th., 2010

Evening Market WrapFri Jun 11 17:06 2010 

Commentary

Jun 11, 2010 Late-Session Buying Lifts Stocks To End Week - U.S. Commentary Stocks saw solid gains to close out the week on Friday, as some market fears seemed to abate ahead of the weekend, prompting a flurry of late-session buying. The late buying came as traders shook off earlier uncertainty prompted by a mixed batch of data on retail sales and consumer sentiment. The major averages all ended in positive territory, further offsetting recent losses. Full Article

Economic News

Jun 11, 2010 Retail Sales Unexpectedly Fell By 1.2% In May U.S. retail sales unexpectedly fell in May, with the decline primarily due to a sharp pullback in sales at building materials and garden equipment stores and lower gasoline sales. Retail sales fell 1.2% month-over-month in May following an upwardly revised 0.6% increase in April, according to data released by the Commerce Department on Friday. Full Article
Jun 11, 2010 Fed's Plosser: Exit From Accommodative Policy Must Be TimelyPhiladelphia Federal Reserve president Charles Plosser said Friday that if the Fed does not exit from its accommodative monetary policy in a timely manner, it could be "sowing the seeds" for costly inflation. Full Article

Corporate News

Jun 11, 2010 Qualcomm Wins $1.045 Bln. Spectrum Bid In IndiaWireless telecommunications service provider Qualcomm Inc. (QCOM) Friday said it won the bid for Broadband Wireless Access or BWA unpaired spectrum in the 2.3 GHz band in four telecom circles in India, pending approval of the government. Full Article
Jun 11, 2010 Patheon Returns To Profit In Q2Canada-based contract drug manufacturer Patheon Inc. (PTI.TO) reported Friday a profit for the second quarter, compared with a loss in the corresponding period last year, helped primarily by higher revenues from both its businesses. The group also backed it full year revenue outlook. Full Article
Jun 11, 2010 Motorola, Research In Motion Agree To End Patent LawsuitsCellphone makers Motorola, Inc. (MOT) and Research In Motion Ltd. (RIMM, RIM.TO) Friday announced the signing of a Settlement and License Agreement to end all outstanding litigation between the two companies worldwide. Full Article
Jun 11, 2010 Fuller, Smith & Turner FY10 Profit Increases; Shares UpLondon-based pubs and bars operator Fuller, Smith & Turner Plc (FSTA.L) reported Friday an increase in profit for fiscal 2010, reflecting an 8% growth in sales helped mainly by contributions from acquisitions made since February 2009. Full Article

Forex Top Story

Jun 11, 2010 Dollar Fights Back On Economic Uncertainty The dollar took back some of its recent gains versus the euro on Friday after coming under modest pressure in the previous two sessions. A mixed bag of data on the US consumer kept traders guessing about the pace of the US recovery, fueling renewed risk aversion and interest in the safe haven dollar. Full Article

Political News

Jun 11, 2010 Obama Calls On Congress To Pass Small Business Support BillPresident Barack Obama Friday called on Congress to enact a series of measures to make it easier for small businesses to get credit, expand and hire new workers. Speaking after meeting with a group of small business owners, Obama emphasized that the nation's small businesses would lead the country out of the recession and bolster the economic recovery. Full Article
Jun 11, 2010 Landrieu Offers Alternatives To Six-Month Drilling MoratoriumSenator Mary Landrieu, D-Louis., sent a letter to President Barack Obama Friday, in which she offered an alternative to the six-month drilling moratorium the administration has imposed as a result of the Deepwater Horizon oil spill in the Gulf of Mexico. Full Article
Jun 11, 2010 New Survey Shows Boxer Leading Fiorina In California Senate RaceA new survey from conservative-leaning Rasmussen Reports showed Senator Barbara Boxer, D-Calif., leading Republican challenger and former Hewlett-Packard (HPQ) CEO Carly Fiorina in California's U.S. Senate race. According to the survey of likely California voters, Boxer holds a 48% to 43% lead over Fiorina. Full Article
Jun 11, 2010 Republicans Renew Call For Investigation Of White House Job OffersSenate Judiciary Committee Ranking Member Jeff Sessions, R-Ala., joined with all of the other Republican members of the committee Friday in renewing their call for an investigation into possible misconduct concerning White House job offers made to U.S. Senate candidates. Full Article
Jun 11, 2010 Hispanics' Party Preferences Little Changed After Passage Of Arizona Immigration LawA new Gallup poll released Friday showed that Hispanic voters' preference of political party has shown little change since the signing of Arizona's new immigration law on April 23. According to the poll, Hispanic voters prefer Democratic candidates to Republican candidates 61% to 32%. Full Article

NYT: Afternoon Update: Top Stories / Business. June 11th.,2010

The New York Times
June 11, 2010

                        

Afternoon Update

                


TOP STORIES

Administration Takes a Hard Line Against Leaks to Press

By SCOTT SHANE
In 17 months in office, President Obama has already outdone every previous president in 
pursuing leak prosecutions.

U.S. Retail Sales Decline in May

By CATHERINE RAMPELL
In the first decline since last fall, spending fell 1.2 percent in May, raising questions about the 
momentum of the recovery.

In Memo, Kagan Took Broad View of Religious Freedom

By PETER BAKER
The memo was among 43,000 pages of newly released documents from Bill Clinton's library.

Coast Guard Adjusts After Spill Estimate Rises Sharply

By LIZ ROBBINS
BP is planning to handle 40,000 to 50,000 barrels a day of recovered oil, said Adm. Thad W. Allen.
City Room

Bloomberg Defends BP's Chief Executive

By JAVIER C. HERNANDEZ
Mayor Michael R. Bloomberg says people shouldn't rush to criticize the leader of BP for the 
catastrophic oil spill in the Gulf of Mexico.
Business

Your Money

Punishing BP Is Harder Than Boycotting Its Stations

By RON LIEBER
Telling oil companies that you're not going to take it anymore requires a change in lifestyle.

Disease Threatens Japan's Trade in Prime Beef

By HIROKO TABUCHI
The country is trying to control its worst outbreak of foot-and-mouth disease in a century.

A More Subdued Day on Wall Street

By SUSANNA G. KIM
Shares erased much of their early losses after a report that confidence grew to its highest
level since January 2008.

Reliance Industries to Buy Indian Broadband Company

By HEATHER TIMMONS
In buying Infotel, a conglomerate owned by one of two feuding billionaire brothers seeks
a bigger stake in the telecommunications industry.

Going After Government Looters

By MATTHEW SALTMARSH
More has to be done to address the bribery, misappropriation and corruption that costs
developing countries billions of dollars each year, experts say.

FGC BOLSA - FGC FINANCIAL MARKETS : Market Watch .- Industry-Financial Services. Canadian Stocks Hold Gains; Loonie Slips./. June 11th., 2010



                                                  


INDUSTRY: FINANCIAL SERVICES


Canadian Markets: Canadian stocks hold gains; loonie slips  
By Rebecca L. McClay MarketWatch
6/11/2010 12:02:00 PM



SAN FRANCISCO (MarketWatch) -- Toronto stocks inched ahead Friday, led by metals and mining stocks, as the Canadian dollar slipped on a report on weak U.S. retail sales. See full story

Financial Stocks: Financials cool after last session's rally

 
By MarketWatch
6/11/2010 10:52:00 AM



The U.S. financial sector traded lower Friday morning as a weaker-than-expected report on retail sales took a bite out of investors’ enthusiasm for stocks. See full story

Bond Report: Treasurys gain after weak retail sales data

 
By Deborah Levine MarketWatch
6/11/2010 9:09:00 AM



NEW YORK (MarketWatch) -- Treasury prices extended a slight advance after a report said U.S. retail sales dropped by a surprising amount last month.  See full story




Markett Club : The Battle between bulls and bears continues. June 11th.,2010


The battle between the Bulls and Bears continues with very choppy trading action. The rally from a potential double bottom is cause for concern for the Bears, however the Bulls are in a similar situation as they have to prove their case with sustained market action.

http://www.ino.com/info/564/CD3233/&dp=0&l=0&campaignid=3

In my new video, I outline some of the key levels that I think are important in the S&P 500 market. Volume continues to to be light and that is why the markets are moving around and are so volatile at the moment.

http://www.ino.com/info/564/CD3233/&dp=0&l=0&campaignid=3

This is my first video since returning from holiday in France, but expect many more as the market rotates.
Don't miss my special risk-free trial offer to MarketClub, my premium charting service, offered at the end of this video.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub

Real Clear Politics: June 11th., 2010



Real Clear Politics Friday

Can Iran Be Appeased? - Walter Russell Mead, The American Interest
U.S. Needs to Spend Less, Target Better - David Brooks, New York Times
The Gulf Spill's Spreading Stain - Brian Walsh, Time
Don't Expect Obama to Be Superman - Paul Starobin, Washington Post
Obama's Idea of Leadership - George Neumayr, American Spectator
Anyone Have Tony Hayward's BP Number? - Andrew Malcolm, LA Times
How We Talk About Energy - Matthew Yglesias, American Prospect
The Myth of Iran's "Isolation" - Charles Krauthammer, Washington Post
Obama Foreign Policy 2.0 - Peter Beinart, Time
The Left's Strange Hostility to Hirsi Ali - Mark Steyn, Macleans
Questioning Keynes - Nin-Hai Tseng, Fortune
Main Street Economy Isn't Improving - Robert Reich, Huffington Post
D.C. Chooses Its Own Expansion Over Results - David Malpass, Forbes
Restoring Justice at the OLC - Dawn Johnsen, Washington Post
Racism, Civil Rights and Libertarianism - Cathy Young, RealClearPolitics
History, Politics Add Intrigue to U.S.-England Match - Gerard Baker, WSJ
Move Over, Obama, There's a New Phenom - Chuck Raasch, USA Today
RCP Blog: Romney, Palin & Newt Off to Good 2012 Start in Iowa

Editorials

Climate Splitting Democrats - Orange County Register
Job Number 1--Jobs - The Nation
California Wisely Embraces Top-Two Primary - Seattle Times
ObamaCare Blitz Could Backfire - The Oklahoman

RTTNews: Daily Market Analysis .- Weak Retail Sales May Stir Anxiety . June 11th., 2010

Daily Market Analysis Fri Jun 11 09:26 2010  Fri Jun 11 09:26 2010

Jun?11,?2010 Weak Retail Sales May Stir Anxiety - RTTNews Daily Market Analysis The major U.S. index futures are pointing a lower opening on Friday, with negative sentiment setting in following the release of an economic report, which showed that retail sales unexpectedly fell in May. The strong advance in the previous session may lead to nervousness among traders, who are still jittery over the prospect of a double-dip recession. Sentiment over the course of the session may also hinge on the consumer sentiment report to be released shortly after the markets open. Full Article

RTTNews : Daily Stocks to Watch.- Exide in licensing deal with Honeywell. June 11th.,2010

Daily Stocks to Watch Fri Jun 11 09:01 2010 

Stocks To Watch

Jun 11, 2010 Exide in licensing deal with Honeywell – Stocks To watch Thursday, battery maker Exide Technologies (XIDE) said it signed a licensing deal with the Honeywell Consumer Products Group, a business unit within the Honeywell Transportation Systems segment. The deal allows Exide to make batteries using Honeywell International Inc.'s (HON) Autolite trademark for auto, lawn and garden, marine and power-sports applications in North America. Exide remarked that there are currently no active mass market distributors of Autolite batteries, despite its strong brand name on spark plugs and other aftermarket replacement parts. Full Article
Jun 11, 2010 Introducing RTT Growth & Value StocksThe Growth & Value Stocks service is designed with a disciplined approach of extensive fundamental analysis to cater swing traders and investors. The service identifies growth stocks that are generally overlooked and value stocks that are usually undervalued by the market. The growth and value stocks we select have significantly outperformed the broader market indices. Full Article

RTTNews: Morning Market Briefing .- China Annual Inflation Breaches Target In May . June 11th., 2010

Morning Market Briefing Fri Jun 11 09:01 2010 

Economic News

Jun 11, 2010 China Annual Inflation Breaches Target In May Chinese inflation rose to a 19-month high in May, exceeding government's target as well as economists' expectations. Full Article
Jun 11, 2010 Unexpected Drop In British Industrial Output British industrial production unexpectedly dropped in April as all of its sub-sectors recorded decreases, raising concerns about the strength of the economic recovery. Manufacturing output also logged a decline, yet the sector is in a better shape and is expected to support the economy going forward. Full Article
Jun 11, 2010 U.K. Inflation Expectations Jump; Output Price Growth Slows In May U.K. inflation expectations for the coming year increased to its highest level since August 2008, a quarterly survey showed Friday. In contrast, actual producer price inflation in the economy eased significantly in May. Full Article

Earnings News

Jun 11, 2010 National Semiconductor turns to profit in Q4, beats estimate; guides Q1 sales above StreetThursday, National Semiconductor Corp. (NSM) posted a profit for the fourth quarter profit, compared to loss last year, reflecting a 42% jump in sales, much wider margins, as well as a sharp decline in restructuring charges. Both earnings and revenue came in above the Street view. Further, the company guided the first quarter sales to a level above the current estimate of analysts. Full Article
Jun 11, 2010 Dell lowers Q1 EPS on possible legal liabilityThursday, Dell Inc. (DELL) said it lowered its earlier reported first-quarter earnings per share by 5 cents, after incorporating a $100 million legal liability related to the potential settlement of a SEC investigation. The settlement would involve a civil injunctive action against the company for alleged violations of certain federal securities laws, and also negligence-based fraud charges. The company indicated that its non-GAAP results for the quarter remain unchanged. Full Article

Corporate News

Jun 11, 2010 Qualcomm wins broadband spectrum in 4 telecom circles in IndiaFriday, Qualcomm Inc. (QCOM) said it won Broadband Wireless Access, unpaired spectrum in the 2.3 GHz band, in four telecom circles in India. Eleven bidders participated in the BWA auction and Qualcomm provisionally won one, 20 MHz slot of spectrum in the circles of Delhi, Mumbai, Haryana and Kerala. The company's final bid was INR 4912.54 crore or about US$1.045 billion. Infotel Broadband Services Private Ltd. bought spectrum throughout the country, while Qualcomm and Bharti Airtel separately took spectrum in four geographical areas, said media reports. The auction totally yielded a whopping $8.2 billion in fees for the Indian government. Full Article
Jun 11, 2010 Motorola, Research In Motion bury the hatchetFriday, Motorola, Inc. (MOT) and Research In Motion Ltd. (RIMM) announced that they entered into a Settlement and License Agreement to terminate all pending litigation between the two parties. Further, the agreement will enable Motorola and RIM to benefit from a long-term, intellectual property cross-licensing arrangement, and also facilitate exchange of patents with one another. RIM will make an up-front payment and continuing royalties to Motorola, the firms said. Full Article

Todays WS Events

Jun 11, 2010 EMC Tech Talk On Virtual Storage At 10:00 AM ET EMC Corporation (EMC) Tech Talk on Virtual Storage webcast, on June 11, 2010. The event is scheduled to begin at 10:00 AM ET. To access the webcast, log on at http://www.emc.com
Jun 11, 2010 Chesapeake Energy Annual Shareholder Meeting At 11:00 AM ET Chesapeake Energy Corporation (CHK) will host its Annual Shareholder Meeting, on June 11, 2010. The event is scheduled to begin at 11:00 AM ET. To access the webcast, log on at http://www.chk.com

Forbes: Five Myths About Asset alllocation.- June 11th., 2010



Five Myths About Asset Allocation
Richard A. Ferri
There is no perfect allocation and no absolute protection in a bear market.


Silicon Valley's Prison Call Center
Victoria Barret
James Hooker gives convicted felons jobs and a way out of a broken life. He saved his own career in the process.
 
What Could Be Worse Than The Gulf Spill?
Daniel Fisher and Christopher Helman
Sure, the BP spill is bad. But its far from the worst--and most expensive--disaster that could happen.
 
Avoid Getting Stuck With A Worthless Gift Card
Asher Hawkins
Make sure you're aware of which retailers and restaurants may face financial trouble.
 
Mining On The Upswing In Mexico
Oxford Analytica
The industry has huge potential and is buoyed by high international metal prices.

REUTERS : Morning Digest.- UK backing lifts BP shares but spill looks worse. June 11th., 2010













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UK backing lifts BP shares but spill looks worse
Iran defies sanctions as West plans harsher measures
Stock futures inch higher
FBI begins probe into AT&T iPad security breach
South Korea rocket crashes in second straight failure
Celtics out-hustle Lakers to tie finals
Fourth "Twilight" film will be split in two
Woman striving to be world's heaviest


TOP NEWS
UK backing lifts BP shares but spill looks worse
June 11, 2010 05:25 AM ET
LONDON/HOUSTON (Reuters) - Supportive comments from the UK government lifted BP Plc's battered shares on Friday, outweighing news that the British oil company's Gulf of Mexico spill is much bigger than previously estimated.

Full Article
WORLD NEWS
Iran defies sanctions as West plans harsher measures
June 11, 2010 05:55 AM ET
UNITED NATIONS/LONDON (Reuters) - Britain led calls on Thursday for harsher penalties to be imposed on Iran, as Tehran defied a compromise U.N. sanctions resolution to punish it for its suspected nuclear weapons programme.

Full Article
BUSINESS NEWS
Stock futures inch higher
June 11, 2010 06:05 AM ET
(Reuters) - Stock index futures pointed to a slightly higher open on Wall Street on Friday following the previous session's strong gains, with futures for the S&P 500 up 0.24 percent, Dow Jones futures up 0.19 percent and Nasdaq 100 futures up 0.15 percent at 0944 GMT.

Full Article
INTERNET NEWS
FBI begins probe into AT&T iPad security breach
June 10, 2010 08:13 PM ET
WASHINGTON/NEW YORK (Reuters) - The Federal Bureau of Investigation has opened a probe into a security breach of Apple Inc's iPad that exposed personal information of AT&T Inc customers, including those of several high-ranking government officials.

Full Article
SCIENCE NEWS
South Korea rocket crashes in second straight failure
June 10, 2010 01:43 PM ET
SEOUL (Reuters) - A South Korean space rocket carrying a scientific satellite exploded two minutes into its flight in the second failure in two tries to put a payload in orbit, dealing a major setback to the country's space program.

Full Article
SPORTS NEWS
Celtics out-hustle Lakers to tie finals
June 11, 2010 04:29 AM ET
BOSTON (Reuters) - A fired-up Glen Davis helped the Boston Celtics reclaim their inside presence and hold off the Los Angeles Lakers 96-89 on Thursday to tie the best-of-seven NBA finals at 2-2.

Full Article
ENTERTAINMENT NEWS
Fourth "Twilight" film will be split in two
June 10, 2010 10:33 PM ET
LOS ANGELES (Reuters) - Why make one "Twilight" film when you can charge moviegoers to see two of them?

Full Article
ODDLY ENOUGH NEWS
Woman striving to be world's heaviest
June 09, 2010 07:26 PM ET



OLD BRIDGE, New Jersey (Reuters) - A New Jersey woman is waging a campaign to become the world's heaviest living woman, admitting that she is as hungry for attention as she is for calorie-rich food.

Full Article
REUTERSwww.reuters.com