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Showing posts from August, 2010

Mining Interactive : Tumi Uncovers Un-Mined Historical Mineral Resource at its Tomtebo Mine in Sweden. August 31st., 2010

August 31, 2010 TUMI RESOURCES LTD. TSXv - TM; Frankfurt -TUY (WKN 251 738) OTCBB - TUMIF DETAILED RESEARCH AT THE TOMTEBO MINE IN SWEDEN UNCOVERS UN-MINED HISTORICAL MINERAL RESOURCE  Between 1836 and 1837, 1,841 tons of copper and 1,077 tons of sulphur were produced. The copper content of the ore varied from 3.0% to 5.3% between the years 1915 and 1919; and - - The average ore grade during the last phase of mining, between 1965 and 1969, was about 1% copper, 1% zinc and 35% sulphur. Copper concentrate produced contained on average 140 g/t Ag and 9 g/t Au A report (non NI43-101 compliant) written by Birger Hellegren in 1983 details un-mined resources between the surface and the 200m level estimated at 385,000 tonnes grading 0.67% Cu, 1.84% Pb, 3.72% Zn, 0.66 g/t gold and 55 g/t Ag Tumi completed an airborne electromagnetic (EM) survey in 2006 and an induced polarization (IP) survey in 2007 covering an area of 1,000m by 800m which detected several previously unknown a

BBC Latest News | Last Update 23:05 GMT: Moody's let off hook by SEC. August 31st., 2010

31 August 2010 Last updated at 23:05 GMT Moody's let off fraud hook by SEC The US financial regulator decides to drop possible fraud charges against rating agency Moody's over a computer glitch. Fed mulls further debt purchases Minutes from its August meeting reveal the US Federal Reserve will buy up more debt if conditions worsen "appreciably". US economic growth slows to 1.6% US drops China currency probe The US government decides to drop an investigation of China's currency policy, avoiding a possible trade dispute. US consumers less glum in August US consumer confidence picks up slightly more than expected in August, giving Wall Street a morning boost. Raider ups Expendables studio bid Corporate raider Carl Icahn ups his hostile bid for film s

MarketWatch: Special Financial Services: Hedge Funds : Fortress Exes Sold Stock To Cover Taxes.August 31st., 2010

  FINANCIAL SERVICES Stocks to Watch: Stocks in focus Wednesday: Heinz, Hovnanian   By MarketWatch Among the companies whose shares are expected to see active trade in Wednesday’s session are H.J. Heinz Co., Collective Brands Inc. and Hovnanian Enterprises Inc.  See full story Hedge Funds: Fortress execs sold stock to cover taxes   By Alistair Barr MarketWatch Fortress Investment Group executives sold stock last week to cover the cost of taxes triggered by vesting of restricted stock awards.  See full story

CNBC EVENING BRIEF :° Street Insiders Want Out, Selling $100 Million in Stock". August 31st., 2010

LATEST STORIES Street Insiders Want Out, Selling $100 Million in Stock Hurricane Earl Could Force East Coast Evacuations JPMorgan Shutting Commodities Prop Trading in London SEC Drops Moody's Case but Warns Rating Agencies The World’s Safest Banks 2010 »click here to see the latest top stories from LATEST VIDEO Who's "Too Big To Fail?" Phil Angelides, chairman of the Financial Crisis Inquiry Commission, and Bill Thomas, the commission's vice chairman, discuss this week's hearings and the questions they have for former Lehman CEO Dick Fuld. » Watch Video   Parsing the Fed Minutes David Lutz, of Stifel Nicolaus, shares his reaction to the Fed minutes. » Watch Video Gold: The Ultimate Fear Trade? Discussing whether fear will continue to push gold even higher, with Anthony Neglia, of Tower Trading, and CNBC's Sharon Epperson. » Watch V

MarketWatch : Personal Finance Daily :Palliative care does not mean 'death panel'. August 31st. 2010

Personal Finance Daily AUGUST 31, 2010 Tuesday's Personal Finance stories By MarketWatch Don't miss these top stories: Why you should care about palliative care U.S. home prices rose 1% in June Concussions send more kids to hospital The death of equities may be exaggerated What, exactly, is a "death panel?" I'm not entirely sure, though I'm fairly certain some readers will be happy to tell me with great alacrity. Here's what I do know: palliative care, in which doctors and other experts talk with patients about what treatment path they want to take, and what their future with their disease might look like, and about how they plan to talk with family and friends about their illness, does not mean "death panel," though some have implied these types of conversations are one and the same. Probably palliative care is what many doctors, when they entered the profession, planned to do as part of their regular counseling w

RTTNews: Evening Market Wrap: Stocks Crawl To Mixed Close Amid Continued Questions About Economy - U.S. Commentary . August 31st., 2010

Evening Market Wrap Tue Aug 31 17:01 2010   Commentary Aug 31, 2010 Stocks Crawl To Mixed Close Amid Continued Questions About Economy - U.S. Commentary Stocks turned in a lackluster performance to close out the month of August on Tuesday, with the lack of any substantive clues regarding the direction of the economy from the Federal Reserve contributing to the choppy trading on the day. The major averages gave up earlier upside and turned mixed following the report, lingering near the flat line for the remainder of the session. Full Article Economic News Aug 31, 2010 Home Prices Increase More Than Expected In June While Standard & Poor's released a report Tuesday morning showing that its reading on home prices in 20 major metropolitan areas increased by more than expected in June, the data was likely skewed by the homebuyer tax credit. The report showed that the S&P/Case-Shiller 20-City Composite Home Price Index increased at an annual rate of 4.2 per

FINANCIAL & FOREX INFO : DAILY INVESTOR UPDATE: Wall St ends dismal month on mostly flat note .August 31st., 2010

FINANCIAL & FOREX INFO  FROM : REUTERS Wall St ends dismal month on mostly flat note Fed mulls stimulus if outlook worsens appreciably Loan picture improves but troubles remain: FDIC Consumer confidence and home prices edge up Exelon to buy Deere's wind power unit for $860 million Citigroup to hire up to 7,500 in China: report U.S. turns down China currency probes in two cases Tribune board sets committee to oversee bankruptcy U.S. regulators probe Hyundai Sonata steering Hitachi plans IPO of hard-drive unit: sources

NYT : Afternoon Business News | Business Update :" Ireland Tries to Keep a Bank From Pulling It Under". August 30th., 2010

BUSINESS: Ireland Tries to Keep a Bank From Pulling It Under   By LANDON THOMAS Jr. Anglo-Irish, the midsize Irish lender whose profligacy symbolized the excesses of the real estate bubble, has put a strain on government's finances. Prescriptions Blog The Race to Replace Warfarin   By NATASHA SINGER Leading drug makes are developing new anticoagulant drugs to prevent stroke and systemic blood clots in people with atrial fibrillation, an irregular heartbeat disorder. F.D.I.C. Gives a Mixed Report on Banks in Quarter By ERIC DASH The banking sector posted a record $21.6 billion in profit in the quarter, but the list of problem banks increased. Square Feet Building on the Past, a Detroit District Thrives   By ALISON GREGOR Developers in Midtown are refurbishing older buildings, using tax credits and public financing, as much as they are building from scratch. Wall Street Indexes Struggle for a Direction   By CHRISTINE HAUSER and DAVID JOLLY The latest housing data

FOX BUSINESS: Afternoon Breaking Business News: Fed Grappled With Strategy. August 31st. 2010

FOX BUSINESS : Fed Grappled With Strategy At their meeting last month, Federal Reserve members debated the merits of giving the economic recovery further help, documents show. Banks' Troubled Loans Decline: FDIC Oil Prices Dip on Growth Worries Home Prices Make Gains in June Stossel's Take  Target Ain't People THE MOST POWERFUL NAME IN BUSINESS NEWS Citi to Meet With Mayo Citigroup caved into pressure and agreed to meet with a prominent securities analyst who has been blackballed by the big bank. | WATCH Report: JPMorgan to Shut Proprietary Trading Unit AIG's Sale of Taiwan Unit on Brink of Collapse For Goldman, No IPO Is Too Small Ugly August Ends in Stalemate Wall Street closed in a standstill in the face of a rare cluster of upbeat reports on the state of the struggling economic recovery. Consumer Confidence Rises Modestly | WATCH Google Buys Mobile-Game

The Washington Post : Afternoon Edition : Most Viewed Article on WP. August 31st., 2010

Most Viewed Articles on 1) Local Digest 2) Beck's marriage of politics and religion raising questions Fox News commentator Glenn Beck has gone from being a hugely popular media figure to a spiritual player. Yet the Mormon convert seems an unlikely leader for conservative Christians. 3) 'Stars' line up with Bristol Palin among them Bristol Palin is getting into the family business by becoming one of the celebrity hoofers on the cast of ABC's "Dancing With the Stars" this fall. 4) Beck ruminates after rally: His size has seen the glory When bathed in his own afterglow, Glenn Beck becomes as soft and gentle as Mister Rogers. 5) Pair held after odd items turn up in luggage Dutch police have detained two men who flew from Chicago to Amsterdam on Sunday night after U.S. screeners found suspicious-looking items in their checked luggage before they departed, U.S. law enforcement officials said. 6) Obama speech on Iraq has

Forbes: Finance : Bernanke Out Of Bullets But Not Bombs. August 31st., 2010

Bernanke Out Of Bullets But Not Bombs Michael Pento Federal Reserve's ability to buy assets and spark inflation is unlimited. Five More True Tales From A Tax Lawyer Robert W. Wood Tilting at windmills and convincing the IRS that a client's ex-girlfriend deep-sixed his paperwork.   How To Stop The IRS Machine Claudia A. Hill IRS computers grind out lots of incorrect notices demanding more tax. Here's how to fight the IRS computer matching machine. When To Pay A Financial Pro Liz Davidson Sometimes, you can save money by doing it yourself. Here's help deciding when you need professional tax, estate or financial planning help.   Retirement Planning Simpler If You Ignore The News Laura F. Dogu Don't worry about the Dow or home sales. Instead, automate savings, stay out of debt and make sure your documents are in order.

GATA : THE GATA DISPATCH: Robert Kientz: Gold, silver market suppression failures flash buy signal. August 31st., 2010

Robert Kientz: Gold, silver market suppression failures flash buy signal Submitted by cpowell on 07:57AM ET Tuesday, August 31, 2010. Section: Daily Dispatches 10:57a ET Tuesday, August 31, 2010 Dear Friend of GATA and Gold: GATA's work continues to gain recognition and credibility, as demonstrated today by a series of essays that has begun to be posted at Seeking Alpha by Robert Kientz, an auditor and former broker and currency market analyst. The essays are titled "Gold and Silver Market Suppression Failures Flash Buy Signal" and you can find the first part at Seeking Alpha here: And Part 2 here: CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.   Join GATA here: Toronto Resource Investment Conference Saturday-Sunday, September 25-26, 2010 Metro Toronto Convention Center, To

The Washington Post Breaking News : Afghanistan's Central Bank takes control of top private bank. August 31st., 2010

Breaking News Alert: Afghanistan's Central Bank takes control of top private bank August 31, 2010 ---------------------------------------- Afghanistan's Central Bank has taken control of the Kabul Bank, which is partly owned by President Hamid Karzai's brother and has been beset by corruption allegations. The intervention aims to shore up Afghanistan’s largest private bank, whose faltering finances threatened to wreak both economic and political havoc. Kabul Bank handles salary payments for Afghan soldiers, police and teachers, and has taken in more than $1 billion in deposits from ordinary Afghans. U.S. officials have long worried that trouble at the bank could trigger financial mayhem, a prospect that would leave Afghan security forces without pay, threaten unrest by angry -- and often armed -- depositors, and gravely undermine President Obama's entire Afghan strategy. The Central Bank has also ordered Kabul Bank's chairman to hand over $160 mi

MarketWatch Special Financial Services: MarketWatch First Take : Problem Banks? What Problem?. August 31st., 2010

: FINANCIAL SERVICES   MarketWatch First Take: Problem banks? What problem?   By MarketWatch You’re heard the expression “failing upward” to describe that bungling colleague who always seems to advance for whatever reason. Now, it apparently applies to banks, writes David Weidner.  See full story

MarketWatch: Special Financial Services Financial Stocks: Financials Rise After Data as Fed Minutes On Tap

   FINANCIAL SERVICES   Financial Stocks: Financials rise after data as Fed minutes on tap   By MarketWatch Financial stocks are higher Tuesday morning after reports show improvement in U.S. home prices and consumer confidence as investors awaited the release of the minutes of the Federal Reserve’s meeting in July.  See full story

FOX BUSINESS : Breaking Business News: Cosumer Confidence Up . August 31st., 2010

FOX BUSINESS. Consumer Confidence Up Lifted by a mild improvement in the short-term outlook, consumer confidence rose modestly in August. THE MOST POWERFUL NAME IN BUSINESS NEWS Data Inspire Turnaround on Wall Street The Dow climbed out of an early hole and retook the 10000 level after confidence data. Deere Sells Wind Unit to Excelon for $900M Double-Dip Fears Hit Global Stocks Home Prices Creep Up Thanks to a lingering boost from tax credits, home prices gained more than expected in June.| WATCH Extended Discounts to Boost Retail Sales WATCH What Grade Would Your Car Get? Dell Expected to Bow Out of Bidding War Analysts expect Dell to exit the bidding war with HP for 3Par because of the increased price tag. WATCH HP Settles Kickback Allegations Google Acquires Social Deck The company continues to build its social-networking efforts by buying the producer of social games. Google Set to Unveil 'Priority

CFTC Press Releases: Rules Regarding Retail Forex Transactions / CFTC To Begin Releasing Index Investment Data. August 31st., 2010

The following General press releases have been published: 5883-10 , CFTC Releases Final Rules Regarding Retail Forex Transactions 5882-10 , CFTC to Begin Releasing Index Investment Data on a Monthly Basis Press Release Title   See the CFTC  Press Room for the latest news and events or  Press Room Archives for previous releases.

FOX BUSINESS : BREAKING BUSINESS NEWS : Home Prices Creep Up . August 31st., 2010

FOX BUSINESS Home Prices Creep Up Prices of single-family homes gained more than expected in June reflecting the lingering boost from homebuyer tax credits that ended in April. THE MOST POWERFUL NAME IN BUSINESS NEWS Futures Cut Losses on Housing Data Premarkets trimmed their losses on a stronger-than-expected report on home prices in major cities. Deere Sells Wind Unit to Excelon for $900M Double-Dip Fears Hit Global Stocks Dell Expected to Bow Out of Bidding War Analysts expect Dell to exit the bidding war with HP for 3Par because of the increased price tag. WATCH HP Settles Kickback Allegations Discounts to Boost Retail Sales Retailers are expected to show modest growth for August thanks to heavy discounts. Anglo Irish Bank Sees $32B Bailout Bill WATCH NY Pols Abusing Pension System Google Acquires Social Deck The company continues to build its social-networking efforts by buying the producer of socia