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Jul 22, 2010

Mining Interactive : Tasman - Recent Substantial Reduction in Chinese Rare Earth Element Export Comments. July 22nd., 2010

July 22, 2010

TSXv - TSM; Frankfurt - T61 (WKN A0Y GN1); Pinksheets – TASXF
"The Tasman Metals Rare Earth Story"

Chinese REE Export Quotas for the second half of 2010 have been substantially reduced and fall by 40%

  • Restrictions on the supply of metals so vital to expanding high-tech and green-tech industries, increases the likelihood of alternative supply sources being established outside China;
  • Tasman’s portfolio of heavy REE projects in the politically stable, mining friendly jurisdictions of Sweden and Finland has potential to provide one of these supply alternatives, in particular for the European region.

Mark Saxon, Tasman Metals President & CEO:
"While some export volume reduction was anticipated, the magnitude of this tightening of supply from China is a significant market signal.
When viewed with other recent Chinese announcements regarding a proposed REE price control mechanism, and a clamp down on black market selling of REE’s, there are a number of factors acting in concert to push prices higher.  The price of dysprosium (Dy), Tasman’s main REE by value in our 100% owned Norra Karr project, has moved up more than 100% since January 2010, and with such supply pressure in place we expect prices to remain high.”

Dear Friends:
14 minerals are on the “the critical supply list” of the European Union.  China controls the market and is shifting its policies.  It has already partially put in place high export restrictions and quotas.  Right now, the end-users are beholding to China for their REE inputs.  Multinationals are fast running out of options as China centralizes REE supply control.

For the EU economic growth is a must and Tasman certainly is well positioned and stands to profit from the supply side demand and threatened shortage of these STRATEGIC METALS.
Stay Tuned - - for the next Chapter in the Tasman Metals Rare Earth Story!!!
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

Mining Interactive: Mawson Outlines Work Programs for Rompas Gold-Uranium Project in Finland. July 22nd., 2010

July 22, 2010


  • Focus on 6km Gold-Uranium mineralization discovery trend, to outline the extent and controls on mineralization and define the highest priority drill targets;
  • Work also underway to discover additional mineralization elsewhere within the Mawson’s extensive 95,000 hectare (234,749 acre) land holding.
States Michael Hudson, Mawson President & CEO:
“A substantial exploration program at Rompas is warranted for such an exciting discovery where high gold and uranium grades (to percentage levels) have been identified over at least 6km of strike.  Mawson has been fortunate to employ AREVA
’s technical team responsible for the initial discoveries at Rompas and has therefore been able to maintain key local knowledge.   Nevertheless, much remains to be learnt from this highly prospective area and we look forward to delivering a steady and exciting news flow over the next 5 months from the Rompas project.”
Dear Friends:

The quote above by Michael Hudson says it all and I am very much looking forward to the news that will be generated from this highly prospective project in the m
onths to come!

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

Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"


MiningInteractive Videos
Click Here

Stay tuned for the most recent updates on Mawson Resources and other leading mining companies through the MiningInteractive Video Interviews.
Nick L. Nicolaas
(604) 657-4058

NYT: Afternoon Business Update.- Fed Would Act if Needed, Chairman Says. July 22nd., 2010


Fed Would Act if Needed, Chairman Says

In testimony to Congress, Ben Bernanke outlined three possible steps if the economy continued to languish.

Markets Sharply Higher on Earnings

Investors focused on reports from a range of companies that are not seeing a slowdown in the recovery.

G.M. Buys a Subprime Lender for $3.5 Billion

G.M. said it hoped to increase sales to consumers with lower credit ratings with the purchase of AmeriCredit.

In Asia, Nearly a Gulf's Worth of Oil Awaits Transport

The Tengiz field in Kazakhstan has been operating at half its capacity because Russia hasn't cooperated with pipeline expansion agreements made 12 years earlier.

Fiat Factory Is Test Case for Italian Workers and Economy

Fiat's efforts to make its workers more productive may signal whether Italians are willing to embrace the kind of change needed for Italy to skirt financial ruin and be more competitive.

ABC News: Australia.- Bratz beats Barbie in latest court ruling. July 22nd., 2010

Bratz beats Barbie in latest court ruling
A US court has ruled that Barbie doll maker Mattel was wrongly granted ownership of the popular Bratz rival, in a decision that could lead to a new trial over control of the $US1 billion franchise.

Big business neglected: Libs
The State Opposition has accused the Government of ignoring the needs of big business in Tasmania.

Oil spill ships evacuated amid storm threat
The US government and BP started Thursday evacuating "specialised vessels" working on the Gulf of Mexico oil spill due to a looming storm, the Coast Guard said.

More Business Stories >

RTTNews: Evening Market Wrap.-Stocks Shoot Higher As Economic Data Surprises - U.S. Commentary . July 22nd., 2010

Evening Market Wrap Thu Jul 22 17:01 2010 


Jul 22, 2010 Stocks Shoot Higher As Economic Data Surprises - U.S. Commentary Stocks posted substantial gains on Thursday, as an unexpected pickup in European industrial goods orders and a softer than forecast slide in U.S. existing home sales drove buying interest. Upbeat sentiment on Wall Street was also helped by a solid batch of earnings from the likes of Caterpillar (CAT) and UPS Inc. (UPS), which firmly beat expectations. Full Article

Economic News

Jul 22, 2010 Weekly Jobless Claims Bounce Well Off Two-Year Low First time claims for unemployment benefits increased by more than expected in the week ended July 17th, according to a report released by the Labor Department on Thursday, with the data likely to lead to continued concerns about the strength of the labor market. Full Article
Jul 22, 2010 Bernanke: Unemployment To Remain Above 7% Through 2012 Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that he expects the progress in reducing the nation's unemployment rate to be slower than originally projected. The nation's top central banker repeated testimony from the day before, saying that the economic outlook was uncertain and that the unemployment rate would remain above seven percent through 2012. Full Article
Jul 22, 2010 Existing Home Sales Fall In June But Remain At Elevated Levels While the National Association of Realtors released a report Thursday showing a decrease in existing home sales in the month of June due to the scheduled expiration of the homebuyer tax credits, sales fell by less than expected and remained at relatively elevated levels. Full Article

Earnings News

Jul 22, 2010 United Parcel Service Q2 Profit Surges; Boosts FY10 EPS Outlook - Update Package delivery giant United Parcel Service, Inc. (UPS) Thursday said profit increased 90% in the second quarter, helped by a near 13% increase in revenues. On a per share basis, earnings easily topped Wall Street consensus estimate. Further, expecting continued momentum in all its segments, the company raised its fiscal 2010 earnings per share outlook. The stock is trading higher by over 6%. Full Article
Jul 22, 2010 Caterpillar Q2 Profit Nearly Doubles On Strong Demand, Price Realization; Raises FY10 View - Update Construction and mining equipment maker Caterpillar Inc. (CAT) Thursday reported over 90% growth in second-quarter profit, helped by higher demand and sales volume and favorable price realization. The Peoria, Illinois-based company also lifted outlook for fiscal 2010 citing ongoing improvement in end-user demand. In a separate announcement, Caterpillar's financing services unit Cat Financial today reported a decline in profit and revenues for the second quarter. Full Article
Jul 22, 2010 Travelers Q2 Profit Falls On Storm Payouts; 2010 View Trimmed - Update Property casualty insurance provider Travelers Companies Inc. (TRV) on Thursday reported a 9% decline in profit for the second quarter, hurt by catastrophe losses that more than doubled from last year. Excluding items, operating earnings per share rose on lower share count, but missed analysts' expectations. Full Article

Corporate News

Jul 22, 2010 AT&T Q2 Profit Rises 26%; Boosts 2010 Outlook - Update Telecom giant AT&T, Inc. (T) on Thursday reported a 26% increase in profit for the second quarter from last year, helped by continued growth in mobile broadband, including 3.2 million iPhone activations as well as gains in IP-based and strategic business services. Full Article

Forex Top Story

Jul 22, 2010 Dollar Eases As Risk Appetite Rises The dollar was generally weaker on Thursday as encouraging developments from Europe and corporate America lured traders away from safe haven currencies. While US economic data continued to indicated the nation's economic recovery is losing momentum, Caterpillar, UPS, and other bellwethers reported better-than-expect quarterly earnings results and lifted guidance for the rest of the year. Full Article

Political News

Jul 22, 2010 House Votes 272-152 To Pass Extension Of Unemployment BenefitsAfter finally clearing the Senate on Wednesday, a bill to extend unemployment benefits for millions of workers was approved by the House of Representatives on Thursday and is on its way to President Barack Obama's desk for his signature. The House voted 272 to 152 to pass the bill, which retroactively extends the Emergency Unemployment Compensation program that expired at the end of May through November 2010. Full Article
Jul 22, 2010 Democrats Drop Comprehensive Energy Legislation In Favor Of Narrower BillUnable to attract any Republican support for a bill designed to reform the nation's energy economy, Senate Majority Leader Harry Reid, D-Nev., indicated Thursday that Senate Democrats are setting aside plans to push for comprehensive energy legislation in favor of a narrower bill. Full Article
Jul 22, 2010 House To Follow Senate Lead On Bush-Era Tax Cut ExtensionsHouse Speaker Nancy Pelosi, D-Calif., signaled that she would follow the Senate's lead in determining which of the Bush-era tax cuts should be allowed to lapse and which should be extended. There is wide agreement in both the House and Senate on extending the portions of tax cuts passed in 2001 and 2003 that benefit the middle class. Full Article

MarketWatch: Personal Finance Daily.- Worried about money? Insurance companies aren't

Personal Finance Daily
JULY 22, 2010

Thursday's Personal Finance stories

By MarketWatch

Don't miss these top stories:
In these times, it's not so surprising that companies want to stash cash in a safe place, just in case things get any worse. (Double-dip recession or not, this economy is still struggling.) But when nonprofit health plans start putting aside cash in large amounts -- as much as seven times regulators' reserve requirements -- at the same time that they're levying double-digit increases on their premium-paying customers, you have to start to wonder what's going on.

A new Consumer Reports study finds 10 nonprofit plans together held more than $9 billion in surplus funds in 2009, even as they raised rates on you and me. Read Kristen Gerencher's Vital Signs column for more on that story, including insurers' reactions to the report's findings.

Also, don't miss Amy Hoak's story about the bank-reform bill's $1 billion in mortgage aid for unemployed homeowners, and Robert Powell's column on how some employers divert workers' 401(k) contributions into their own pockets.

Is it any wonder that, according to another study, Americans' economic insecurity is at a 25-year high?

-- Andrea Coombes , Personal Finance editor

Nonprofit health insurers hoard surpluses, report says

Many nonprofit Blue Cross Blue Shield health insurers have amassed billions of dollars in extra cash in the last decade even as they hit their individual customers with double-digit premium hikes, a new study found.
See Vital Signs on nonprofit health insurers hoarding cash.


Some employers steal from 401(k) plans

Most of the time, the money you contribute to your 401(k) ends up in your account. But there are times when it doesn't, as evidenced by a recent flurry of press releases from the U.S. Labor Department's Employee Benefit Security Administration.
See Robert Powell on how some employers steal from 401(k) plans.


Bank reform brings mortgage aid for the unemployed

More help is on the way for unemployed homeowners struggling to make their mortgage payments, thanks to funding tucked into the financial-reform legislation signed by President Barack Obama on Wednesday.
See story on bank reform brings mortgage aid for the unemployed.

Fixed-rate mortgages break record lows

Mortgage rates took another drop this week, with fixed-rate mortgages again hitting record lows, according to Freddie Mac's weekly survey of conforming mortgage rates, released Thursday.
See story on fixed-rate mortgages break record lows.

Commentary: Rip the Band-Aid off housing and the blood gushes

The housing market is like a seriously ill patient who was being given extraordinary treatment in the hope that it would be strong enough after a time to recover on its own. Only the patient ran out of insurance. And the treatment stopped. And housing is sinking into a coma.
See MarketWatch First Take.

Existing-home sales fall 5.1% as tax credit ends

Resales of U.S. homes fell 5.1% in June to a seasonally adjusted annual rate of 5.37 million as a federal subsidy for home buyers wound down, the National Association of Realtors estimated Thursday.
See story on existing-home sales fall 5.1% as tax credit ends.


Americans' economic insecurity at 25-year high

Insecure about your finances? You're not alone. Economic insecurity in the United States is at its highest point in 25 years, according to a report released late Wednesday.
See story on Americans' economic insecurity at 25-year high.


Congress extends unemployment benefits

Long-term jobless workers are set to reclaim unemployment-insurance benefits that were lost in recent weeks, following action in Congress on Thursday.
See story on Congress extends unemployment benefits.

Jobless claims jump in latest week

The number of people submitting initial applications for state unemployment-insurance benefits jumped 37,000 to stand at a higher-than-expected 464,000 last week, the Labor Department reported Thursday.
See Economic Report.


Pelosi rejects extending Bush-era tax cuts

Democratic leaders won't back an extension of tax cuts for the wealthiest Americans, House Speaker Nancy Pelosi said Thursday, even as two more Senate Democrats were calling for extending tax cuts for all earners.
See story on Pelosi rejects extending Bush-era tax cuts.


Democrats shelve carbon-cap legislation

Senate Democrats reportedly are shelving legislation that would limit emissions of heat-trapping gases linked to climate change, acknowledging they don't have the 60 votes needed for even a limited proposal to pass.
See story on Democrats shelve carbon-cap legislation.

Fed prepared to ease if economy weakens: Bernanke

Federal Reserve Board Chairman Ben Bernanke stressed Thursday that the central bank was "ready" to take further steps to stimulate the U.S. economy if growth turns out to be weaker than expected.
See story on how the Fed is prepared to ease if economy weakens.

Improper federal payments target of new law

Federal agencies will be required to search for and recover improper payments in their budgets under a law President Barack Obama signed Thursday, part of an effort to reduce such payments by $50 billion by 2012.
See story on improper federal payments target of new law.


Spill could cost $23 billion in lost tourism: study

The BP PLC (BP) oil spill could cost the U.S. Gulf Coast region almost $23 billion in lost travel and tourism business over the next three years, according to a study released Thursday by Oxford Economics and the U.S. Travel Association.
See story on Gulf Oil spill could cost $23 billion in lost tourism.

BP well cap in Gulf can survive tropical storm: U.S.

The U.S. government is confident a cap over the damaged BP well in the Gulf of Mexico will hold even if seagoing vessels have to leave the area to avert a tropical storm this weekend, a key official overseeing the Deepwater Horizon cleanup said Thursday.
See story on BP well cap in Gulf can survive tropical storm: U.S

CNBC : Evening Market Brief.- Microsoft Earnings and Revenue Rise, Top Forecast


»click here to see the latest top stories from


MarketWatch.- Industry - Financial Services.- Microsoft Profit Rises 48%, Tops Wall Street Views. July 22nd.,2010


Microsoft profit rises 48%, tops Wall Street views
By John Letzing MarketWatch
7/22/2010 4:35:00 PM

Microsoft Corp. reports gains in profit and sales on improving demand for computers loaded with the company's software. 

By Dan Gallagher MarketWatch
7/22/2010 4:22:00 PM reported a strong gain in net earnings for the second quarter on Thursday, but the final results missed Wall Street's estimates thanks to higher-than-expected costs for the period. 

By Alistair Barr MarketWatch
7/22/2010 3:59:00 PM

But company will be lending money only for vehicles, not for homes. 

U.S. Markets At Close. July 22nd., 2010


Market Snapshot
Index Last Change %Change  
DJIA 10,322.00 +201.47 1.99% Hilighted
Nasdaq 2,245.89 +58.56 2.68%  
S&P 500 1,092.78 +23.19 2.17%  
FOX 50 792.34 +15.94 2.05%  
DIJA Chart
 Data, Earnings Spark 200-Point Rally

CFTC ; Press Release: 5858-10. July 22nd., 2010

RELEASE: pr5858-10

  • July 22, 2010

    Gage’s Fertilizer & Grain, Inc., a Missouri Grain Elevator, and its President-Owner, Steven W. Gage, to Pay $175,000 to Settle CFTC Charges of Violating Registration Requirements

    Washington, DC—The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing and simultaneous settlement of charges related to the failure of Gage’s Fertilizer & Grain, Inc. (Gage’s Fertilizer) to register as a futures commission merchant (FCM) and of Steven W. Gage to register as an associated person (AP) of Gage’s Fertilizer, as required by the Commodity Exchange Act and CFTC regulations.
    The CFTC order requires Gage’s Fertilizer and Gage jointly and severally to pay a $75,000 civil penalty and disgorge $100,000 of ill-gotten gains. Gage’s Fertilizer is a grain elevator and farm supply company based in Stanberry, Mo. Gage, who resides in Stanberry, is the company’s president, director and majority owner.
    The CFTC order finds that, from at least January 2004 to December 2008, Gage’s Fertilizer acted as an FCM by soliciting and accepting orders for the purchase and sale of domestic, exchange-traded commodity option contracts without registering with the CFTC as an FCM. The order finds that Gage’s Fertilizer failed to properly account for or segregate customer funds relating to such transactions.
    The order also finds that Gage solicited and accepted orders for the purchase and sale of domestic, exchange-traded commodity option contracts while failing to register as an AP of Gage’s Fertilizer. Gage’s Fertilizer allowed Gage to engage in such acts conducted by an AP, without registering as such with the CFTC, according to the order.
    Respondents required to cooperate with any further investigation or legal action arising from this matter
    The order also requires Gage’s Fertilizer and Gage to comply with undertakings, including the commitment to disclose the CFTC order to Gage’s Fertilizer’s principals and employees and to cooperate with any further investigation or legal action arising from this matter. The order appoints the National Futures Association to collect payments by Gage’s Fertilizer and Gage and to distribute such payments to those harmed by the violations described in the CFTC order.
    The following CFTC staff members are responsible for this case: Rachel Hayes, Stephen Turley, Charles Marvine, Rick Glaser and Richard Wagner.
    Last Updated: July 22, 2010

    Media Contacts

    Scott Schneider

    Dennis Holden


    Office of Public Affairs

Real Clear Politics. July 22nd., 2010

Real Clear Politics Thursday

Apocalypse Not: Why Are the Democrats So Down? - Joe Klein, Time
Why the Democrats Are in Disarray - Karl Rove, Wall Street Journal
Midterm's Meaning: Choice or Referendum? - Matt Bai, New York Times
We're Headed Toward an Entitlement Society - Marty Robins, AOL News
How to Preserve Our Standard of Living - Matt Miller, Washington Post
Why Obama Has Failed to Deliver on Jobs - Daniel Mitchell, New York Post
Using Race to Smear Obama - Eugene Robinson, Washington Post
The New Racial Mess - Victor Davis Hanson, National Review
On Lacking All Conviction - Ta-Nehisi Coates, The Atlantic
Obama's Team of Steely Resolve Gets Tarnished - Michael Shear, Wash Post
Repeal Religious Freedom at Ground Zero? - Steve Chapman, Chicago Trib
The Real Issue in the Mosque Debate - Michael Goodwin, New York Post
Obama Faces New Doubts on Afghan War - David Sanger, New York Times
'Wise Men' to Rule Capital Markets - Robert Robb, Arizona Republic
Palin's at the Top of Her Party - Roger Simon, Politico
Why Not Jeb Bush? - Joshua Green, Boston Globe
The Vast Left-Wing Media Conspiracy - Fred Barnes, Wall Street Journal
Election 2010: WV Sen: Raese Launches Bid | VA-9: Boucher Ahead


Obama's Approval Paradox - Houston Chronicle
Digging a Deeper Hole - New York Post
What Should Be Done with Fannie Mae & Freddie Mac? - The Economist
Journolist is Smoking Gun for Media Bias - Investor's Business Daily

CFTC PRESS RELEASE: CFTC Begins Publishing New Large-Tradr Report for Financial Futures Markets. July 22nd., 2010

RELEASE: pr5857-10

  • July 22, 2010

    CFTC Begins Publishing New Large-Trader Report for Financial Futures Markets

    Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it will begin publishing a new report that adds further transparency to the financial futures markets. The report, entitled Traders in Financial Futures (TFF), builds on improvements to transparency implemented last year that disaggregated data in the CFTC’s weekly Commitments of Traders (COT) Reports.
    “Promoting transparency is at the core of the CFTC’s mission,” CFTC Chairman Gary Gensler said. “The new Traders in Financial Futures reports will provide the public with a better view into the financial futures marketplace. This transparency effort builds upon prior improvements we made to the COT reports and will provide the market with much helpful information. I thank the CFTC staff for their hard work to prepare these new reports.”
    For decades, the CFTC has provided the futures industry with COT reports consisting of aggregated large-trader position data to shed light on the changing composition of the markets. The reports are based on a request by Congress for an annual report, upon passage of original enabling legislation in the 1920’s, and have been intensified over time into weekly reports in several formats.
    The new TFF report uses the same data that appears in the COT reports, but separates large traders in the financial futures markets into the following four categories: Dealer/Intermediary; Asset Manager/Institutional; Leveraged Funds; and Other Reportables. The “dealer/intermediary” category comprises the sell-side participants that earn commissions selling financial products, capturing bid/offer spreads and otherwise accommodating clients. The remaining three categories represent buy-side participants. These are generally clients of the sell-side participants who use the markets to invest, hedge, manage risk, speculate or change the term structure or duration of their assets.
    Like the COT reports, the TFF report provides a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. The report is published in futures-only and futures-and-options-combined formats. The TFF report will be published concurrently with the legacy COT. The TFF report, however, is not a disaggregation of the COT data for the financial markets. The traders classified into one of the four categories in the TFF report may be drawn from either the “commercial” or “noncommercial” categories of traders in the legacy COT reports. The CFTC also plans to soon release four years of historical data for the new report.
    Last Updated: July 22, 2010

    Media Contacts
    Scott Schneider

    R. David Gary

    Office of Public Affairs

NFA permanently bars South Carolina firm, Montgomery Commodities LLC; sanctions its principal. July 22nd., 2010

For Immediate Release
For More Information Contact:
Larry Dyekman (312) 781-1372,
Karen Wuertz (312) 781-1335,

NFA permanently bars South Carolina firm, Montgomery Commodities LLC; sanctions its principal
July 22, Chicago - National Futures Association (NFA) has permanently barred Montgomery Commodities LLC (Montgomery Commodities) from NFA membership. Montgomery Commodities is an Introducing Broker located in Greenville, South Carolina. David B. Montgomery, Montgomery Commodities' sole owner and listed principal, is also barred from NFA membership for a period of ten years. In the event that Montgomery reapplies for NFA membership after the ten-year bar, he must pay a fine of $250,000. In addition, if Montgomery reapplies for NFA membership, the facts alleged in the NFA Complaint shall be deemed as admitted and shall not be contested by him and may be used as the sole basis for denying him registration. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in December 2009 and a settlement offer submitted by Montgomery Commodities and Montgomery.
The Complaint alleged that between 2003 through 2009, Montgomery Commodities and Montgomery defrauded customers of potential profits by placing bunched orders, waiting to see if the trades would be profitable and then - post-execution - allocating the profitable trades to Montgomery's personal accounts. The Complaint also alleged that Montgomery Commodities and Montgomery provided false information to NFA that they never placed bunched orders.
The complete text of the Complaint, respondents' Answer and Decision, can be found on NFA's website (
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.


Home Sales 01
Existing Home Sales DropExisting home sales fell 5.1% in June to a three-month low, though the supply of unsold homes rose to the highest in almost a year.


Dubai World May Use Tribunal

Is the World Borke? The struggling state firm is ready to use a special tribunal to force rebel lenders.

Data, Earnings Fuel Early Rally

Wall Street opened with a bang as the markets cheered surprisingly solid economic data.

Jobless Claims Rise 37K to 464K

New claims for jobless benefits climbed as the labor market continues to show weakness.

GM to Acquire AmeriCredit

The bailed-out auto maker it would acquire auto finance company for $3.5 billion in cash.| WATCH

Caterpillar Net Income Jumps 91%

The earth-moving equipment recorded revenue of $10.4 billion and lifted its 2010 outlook. | WATCH

BP Eyes New Option for Plugging Well

The company is prepared to launch within days a new approach to ending the worst oil spill in U.S. history.