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Jul 19, 2010

19 July 2010 Last updated at 23:07 GMT

Black granted bail pending appealConrad Black (2006)

A US court grants bail to the jailed newspaper tycoon Conrad Black pending an appeal against a fraud conviction.

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Stephanomics - Economic Insights

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Boeing Dreamliner landing at the Farnborough AirshowAerospace and defence

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What is the difference between trading currency futures and spot FX?

Forex analysis is used by the retail forex day trader to determine whether to buy or sell a currency pair at any one time. Forex analysis could be technical in nature, using charting tools, or fundamental in nature, using economic indicators and/or news based events....Read more »
In the forex market, how is the closing price of a currency pair determined?

The foreign exchange market, or forex, is the market in which the currencies of the world are traded by governments, banks, institutional investors and speculators. The forex is the largest market in the world and is considered a 24-hour market because currencies...Read more »

Educational Articles Educational Articles
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Term of the Week Term of the Week
American Depositary Share - ADS
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What is the best method of analysis for forex trading?
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The Memory Of Price Strategy
Hate getting stopped out right before the price reverses? This forex trading strategy may help...
Trading Multiple Time Frames In FX
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Stop Hunting With The Big Players
Learn to bank short-term profits by placing stops away from the crowd...

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American Depositary Share - ADS

A U.S. dollar-denominated equity share of a foreign-based company available for purchase on an American stock exchange. American Depositary Shares (ADSs) are issued by depository banks in the U.S. under agreement with the issuing foreign company; the entire issuance is called an American Depositary Receipt (ADR) and the individual shares are referred to as ADSs.

Click here to see what Investopedia Says about this term

ABCNews : Australia - Business.- Santos secures $2b loan to build central Qld plant. July 19th.2010

Santos secures $2b loan to build central Qld plant
Resources company Santos has secured a $2 billion bank loan to help build a major liquefied natural gas (LNG) plant in central Queensland.

Government willing to extend reef run-off plan deadline
The Queensland Department of Environment and Resource Management (DERM) says it is willing to negotiate with farmers on the deadline for environmental risk management plans for the Great Barrier Reef.

Moody's downgrades Ireland's credit rating
Ireland has had its credit worthiness downgraded by the Moody's ratings agency as it struggles to cope with the biggest budget deficit in the developed world.

More Business Stories >

NYT: Afternoon Business Update.-Wall Street Indexes Find Some Momentum. July 19th., 2010


Wall Street Indexes Find Some Momentum

Most bank shares turned higher in afternoon trading, offsetting some concerns about housing.

As Business Slips, Private Jets Align With Airlines

The hope is that first-class passengers arriving in the United States on foreign flights will choose a private jet over cramped regional carriers to get to their destination.

Caution Urged Despite Aircraft Orders

The two largest aircraft makers announced more than $24 billion in new jet orders, but analysts cautioned that economic growth remained weak in many places.

'Buy Local' Puts Aeroflot's Gains at Risk

Aeroflot, the former airline of the Soviet Union, has transformed itself into a stylish choice for European business travelers. Now, it may have to backtrack as pressure builds to buy locally made planes.

Nokia Siemens Buys Motorola Unit for $1.2 Billion

The acquisition of Motorola's telecommunications network equipment business gives Nokia Siemens a stronghold in the cutthroat mobile gear market.

MarketWatch: Personal Finance Daily .- Personal Finance Stories July 19th., 2010

Personal Finance Daily
JULY 19, 2010

Monday's Personal Finance stories

By MarketWatch

Don't miss these top stories:

For all the complaints about how the home-buyer tax credit only delayed the inevitable housing-market correction, and that only slightly, it must be oh-so-painful to be a home seller now that the tax credit is gone.

As MarketWatch's Amy Hoak writes in her Home Economics column today, if you're trying to sell your home, your best bet, if you can swing it, might be to pull your home off the market and wait for a while. A long while. Either that, or, if need be, start slashing your price. Read her column for more on pricing strategies.

Meanwhile, buyers no longer can benefit from the tax credit, but now that it's gone you may well start seeing more deals and, depending on where you're looking, less competition from other prospective buyers.

When I bought my home in January, in a neighborhood popular with first-time buyers, we faced a competitive bidding situation, with multiple offers. In the end, the seller got more than his listing price, and we got the home of our dreams at a cost we could afford. Would that multiple-offer situation happen today, post-home-buyer tax credit? I'm really not sure.

-- Andrea Coombes , Personal Finance editor

Pricing your home to sell in today's market

With no federal tax credit to entice buyers, today's home sellers have to get even more serious about making a deal.
See Amy Hoak's Home Economics.


Senate expected to vote soon on extending jobless benefits

More than 2 million jobless workers who have been cut off from unemployment benefits could start to see those payouts again if lawmakers act this week.
See story on Senate expected to vote soon on extending unemployment benefits.

Making the job switch

If you've been marking time at work and hoping to get a new job, you're not alone. But employment experts caution restless job seekers from jumping ship too soon. If you move too quickly you might end up in a new job that you dislike even more. Still, you can improve your odds of finding something worthwhile by planning ahead and doing some research.
See story on making the job switch.


Ferreting out those hidden fees

In this year of financial overhaul, consumers are getting relief from all kinds of potentially costly practices, from unexpected overdraft charges and gift-card expiration dates to money-market mutual-fund risks.
See story on ferreting out those hidden fees.

Stop the return of card offers

There may be a few things in your mailbox that you haven't seen in a while: unsolicited credit-card offers.
See story on stop the return of card offers.


Commentary: Wall Street reform does nothing for Main Street

It took Congress about 2,400 pages to document its plan for reforming America's financial system, but the appropriate reaction for the nation's consumers can be summed up in just three words: Thanks for nothing.
See Chuck Jaffe.

Congress overhauls your portfolio

With all the talk of "systemic risk" and "too big to fail," small investors might assume that the landmark Dodd-Frank financial overhaul bill has little bearing on their portfolios.
See story on Congress overhauls your portfolio.


Beyond the hype of 'payout' funds

So-called managed-payout funds, introduced with much fanfare just two years ago, were supposed to be a boon for retirees. Some of the hype might have been premature, however.
See story on beyond the hype of 'payout' funds.

A midyear bull versus bear investing smackdown

Investors are dazed and more than a bit confused. The first week of July was the best week for stocks this year; the previous week was the second worst of 2010. Bears and bulls are torn about the direction of earnings and the global economy, the health of consumers and how attractive stocks are.
See story on a midyear bull versus bear investment smackdown.

Investors wary of firms but view individual advisers favorably

Investors have yet to make peace with their financial-services firms. At least that's what the results of the J.D. Power and Associates 2010 U.S. Full Service Investor Satisfaction Study, released Monday, indicate.
See story on investors wary of firms but view individual advisers favorably.


Home-builders' optimism falls to 15-month low

U.S. home builders are turning increasingly pessimistic about their business after home sales dried up when a federal subsidy expired, according to the latest survey by the National Association of Home Builders.
See story on home builders' optimism falling to 15-month low.


A taxing change on charitable giving

I am concerned that the wealthy donors we rely on for fund raising at our school will have less incentive to give in 2011 due to several proposed tax-law changes. Is this a rational fear?
See story on a taxing change on charitable giving.


Government allows BP to extend well integrity test

The U.S. government on Monday authorized BP PLC to continue its well integrity test for a day, keeping a lid on the spill in the Gulf of Mexico in the face of concerns about oil seeping into the sea bed.
See story on government allows BP to extend well integrity test.


New rules for college loans

College students and recent graduates taking out or paying down federal loans are facing a flurry of changes. The Health Care and Education Reconciliation Act of 2010 impacts various aspects of the federal student-loan program, from the way federal loans are originated to the options for paying them back.
See story on new rules for college loans.


Why the self-employed might owe OfficeMax a 1099

Small businesses and self-employed workers, look out: There is a blizzard of new tax paperwork on the horizon.
See story on why the self-employed might owe OfficeMax a 1099.

Obama calls for small-business tax breaks

President Obama called Saturday for support for his proposal to extend unemployment insurance and cut taxes on small-business owners.
See story on Obama calls for small-business tax breaks.

CNBC : Evening Brief.- Latest Stories. July 19th., 2010


»click here to see the latest top stories from


 Stop Trading, Listen to Cramer!
Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett.
» Watch Video

How to Reboot the US Economy
With 14 million Americans out of work, some of the nations top economists and thinkers are calling for immediate action on the faltering economy. Alan Blinder, a former Fed vice chairman, is one of them. He and Mort Zuckerman share their opposing views with CNBC.
» Watch Video

Zuckerman on Obama's Economic Policies
Billionaire investor Mort Zuckerman tells CNBC he has many issues with President Obama's economic policies.
» Watch Video

Pres. Obama: Extend Unployment Benefits
President Obama addresses the political issues preventing the Senate from extending unemployment benefits in the US.
» Watch Video


RTTNews: Evening Market WRap.- Stocks End With Solid Gains As Earnings Season Picks Up Steam . July 19th., 2010

Evening Market Wrap Mon Jul 19 17:01 2010 


Jul 19, 2010 Stocks End With Solid Gains As Earnings Season Picks Up Steam - U.S. Commentary Stocks ended Monday's session notably higher, as traders bought into the markets amid continued upbeat expectations of a solid earnings season. Early session movement was choppy following some mixed earnings news and a slide in homebuilder confidence, but stocks turned higher in anticipation of quarterly results from IBM Corp. (IBM) and Texas Instruments (TXN). Full Article

Economic News

Jul 19, 2010 Homebuilder Confidence Shows Notable Deterioration In July Homebuilder confidence has deteriorated by more than anticipated in the month of July, according to a report released by the National Association of Home Builders on Monday, with the decrease reflecting concerns about the housing market following the expiration of the homebuyer tax credit. Full Article

Earnings News

Jul 19, 2010 Entergy Sees Q2 Profit Above Estimate; Backs 2010 Profit Outlook - Update Integrated energy company Entergy Corp. (ETR) on Monday provided preliminary earnings guidance for the second quarter, with adjusted earnings forecast significantly above analysts' expectations. The company added that the expected increase in adjusted earnings for the second quarter is attributable to improved results at its utility, and Entergy Nuclear segments, partially offset by lower results at Parent & Other. Full Article
Jul 19, 2010 Delta Air Lines Posts Profit In Q2; Sees Revenue Growth In Q3 - Update Delta Air Lines, Inc. (DAL) reported Monday a profit in its second quarter, compared to prior year's loss, reflecting strong revenue growth, despite a slight decline in capacity. Top line grew 17%, but missed the market projections. Looking ahead, the Atlanta, Georgia-based airline said it expects double-digit unit revenue gains for the third quarter. Full Article

Corporate News

Jul 19, 2010 BP Says Oil Spill Clean-up Costs $3.95 Bln To Date - Update BP Plc (BP, BP.L) Monday said that the cost of response for the Gulf of Mexico oil spill has reached $3.95 billion to date. Meanwhile, reports stated that talks between BP and independent oil and gas producer Apache Corp. (APA) regarding BP's potential sale of half of its stake in Alaska's Prudhoe Bay oil field to Apache stalled over the weekend, raising concerns over the completion of the transaction. Full Article


Jul 19, 2010 Oil Rises For First Time In Four Days The price of crude oil crept higher in choppy trade Monday, as traders weighed data showing a bigger-than-expected decline in US homebuilder confidence against continued weakness in the dollar. August crude oil settled up $0.53 at $76.54 a barrel on the New York Mercantile Exchange, posting its first gain in four days. Full Article

Forex Top Story

Jul 19, 2010 Dollar Pauses Versus Euro As Homebuilder Confidence Dwindles The dollar fell no further versus the euro on Monday, but failed to make up much ground after another troubling look at the housing sector. In pausing following last week's steep losses, the dollar remained near its lowest in more than two months versus the euro and sterling. Full Article


Jul 19, 2010 Nokia Siemens To Buy Motorola's Network Infrastructure Business For $1.2 Bln - Update Nokia Siemens Networks B.V, a joint venture between Nokia Corp. (NOK) and Siemens AG (SI), said Monday it has entered into an agreement with Motorola, Inc. (MOT) to acquire the majority of Motorola's wireless network infrastructure assets for $1.2 billion in cash. The companies expect to complete the deal by the end of 2010, subject to customary closing conditions. Full Article

Political News

Jul 19, 2010 Palin Labels Ground Zero Mosque An "Unnecessary Provocation" Sarah Palin has joined in on the raucous debate over plans to build a mosque two blocks from the site of the 9/11 terrorist attacks, with the former Alaska Governor and vice presidential candidate calling the building of the mosque an "unnecessary provocation." Full Article
Jul 19, 2010 Obama Calls On Senate To Extend Unemployment BenefitsPresident Barack Obama Monday challenged the Senate to swiftly pass a measure to extend unemployment benefits for those in danger of seeing their benefits dry up. Obama, who was joined in the Rose Garden by three Americans who are struggling to find work as they near the end of their unemployment benefits, said that support for the unemployed was essential for the nation's economic recovery. Full Article

05 2010 Traders 04 276
Big Blue Hopes Lift Stocks Wall Street climbed moderately higher as the markets recovered a bit of Friday’s heavy losses amid high hopes for a key earnings report.


Hungary the Next Greece?

Is the World Broke? Hungary's markets sold off after talks with lenders fell through this weekend.

IBM Revenue Misses Forecasts

Big Blue earned $2.61 a share, but its revenue rose by a weaker-than-expected 2% to $23.7 billion.

What Bernanke Needs to Tell Congress

Lawmakers will be sure to pepper the Fed chairman with questions about the Fed's exit strategy.

Financial Checklist for Your 20s

Fiscal discipline might not be the top of every 20-year olds’ mind, but maybe it should be.

Middle Class Faces AMT

WATCH The future of individual tax rates and their effect on economic growth is bedeviling Congress.

FDIC: Federal Deposit Insurance Corporation : Special Alert.- Counterfeit Treasurer's Checks

FDIC: Federal Deposit Insurance Corporation :


Special Alert

July 19, 2010

TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Treasurer's Checks
Summary: Counterfeit treasurer's checks bearing the name Domestic Bank, Cranston, Rhode Island, are reportedly in circulation.

Domestic Bank, Cranston, Rhode Island, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit treasurer's checks bearing the institution's name are in circulation.
The counterfeit items are green or blue, and display the routing number 211574833, which is assigned to Domestic Bank. A security feature statement is embedded in a darkened top border and along the bottom border between two padlock icons. The words "TREASURE'S CHECK" are in the top center.
Authentic checks are light blue and display the words "TREASURERS CHECK" in the top center.
Copies of a counterfeit item and an authentic check (VOID) are attached for your review. Be aware that the appearance of counterfeit items can be modified and that additional variations may be presented.
Any information you have concerning this matter should be brought to the attention of:
Rick Dubois
Security Officer
Domestic Bank
815 Reservoir Avenue
Cranston, Rhode Island 02910
Telephone: (401) 942-1600, extension 315
Fax: (401) 943-6783
Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-3054, Washington, D.C. 20429, or transmitted electronically to Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at
For your reference, FDIC Special Alerts may be accessed from the FDIC's website at To learn how to automatically receive FDIC Special Alerts through e-mail, please visit
Sandra L. Thompson
Division of Supervision and Consumer Protection

Attachment (not available electronically)
NOTE: As a security precaution, the FDIC does not post to its Web site electronic images of fraudulent items or authentic checks that have been counterfeited. This is to avoid attempts by others to use these instruments to facilitate additional fraud. Financial institutions can view images of the fraudulent items and authentic checks (marked as VOID) using the FDIC's free, secure Web site, FDICconnect. (See more information about FDICconnect at Printed copies of each Special Alert and its attachment(s) may also be obtained from the FDIC's Public Information Center (telephone: 1-877-275-3342 or 703-562-2200; fax: 703-562-2296; or e-mail:
Distribution: FDIC-Supervised Banks (Commercial and Savings)

U.S. Markets at close

Market Snapshot
Index Last Change %Change
DJIA 10,154.43 +56.53 0.56%
Nasdaq 2,198.23 +19.18 0.88%
S&P 500 1,071.34 +6.46 0.61%
FOX 50 779.01 +2.89 0.37% Hilighted
DIJA Chart
 Rally Strengthens Pre-IBM
 NABE: Modest GDP Growth, Improved Hiring on Tap