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Aug 20, 2010

Mining Interactive: MosquitoMosquito 2010 Diamond Drill Program Started at CuMo Project in Idaho. August 20th., 2010


MOSQUITO
CONSOLIDATED GOLD MINES LTD.
CuMo Project 2010 Diamond Drill Program Started
With Hole 10-55, a 560 meter step out hole


  • US Forest Services Report process and 30-day public comment period regarding Environmental Assessment is proceeding on track;
  • The Company is continuing negotiations with parties interested in partnering with on funding the ongoing development of the CuMo project; and
  • is assembling a team of both local and internationally recognized, engineering, environmental, legal and public relations consultants and experts that will provide the expertise required to move the project forward.
Dear Friends:
The Cumo Project in Idaho is a World-class and significant deposit with World-class economics and dynamics.

The news from the Company keeps on being very positive and subject to financing, which President & CEO Brian McClay and his team are pursuing as we write this, it is our view that Mosquito is an investment opportunity not to be bypassed.

The Mosquito Story continues to amaze!
As always - - - Stay Tuned!!

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


The Metals
MiningInteractive Videos
Click Here

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


GATA: THEGATA DISPATCH.: Resource Demand Spurs M&A Deal Surge

Resource demand spurs M&A deal surge

By Javier Blas and William MacNamara
Financial Times, London
Friday, August 20, 2010
http://www.ft.com/cms/s/0/6d2c71b8-ac81-11df-8582-00144feabdc0.html
The rise of China and India has sparked a renewed surge in aggressive dealmaking in the resources sector, with more than $50 billion in proposed take­overs this week alone wagering on continued strong commodities demand.
BHP Billiton on Friday tabled formally its $39 billion hostile take­over for PotashCorp, the world's largest listed fertilised producer, ahead of a statement from Sino­chem, the Chinese-state owned chemical group.
In the first concrete signs of Beijing's interest in the deal, Li Qiang, a spokesman for Sino­chem, said the company was paying "close attention" to the takeover battle, adding that it was "interested in overseas potash investment opportunities."


The Canadian company told its shareholders "not to take any action regarding the offer" from the Australian mining group of $130 a share, with many bankers betting on a counter-bid emerging from China. The rise in deal activity is the clearest sign that executives believe that the "commodities supercycle," driven by the industrialisation of emerging countries, is sustainable.
Raw materials prices have risen 35 per cent since the depths of the financial crisis in early 2009, led by a recovery in crude oil, copper and iron ore.
Natural resources companies, including miners, oil, and natural gas producers and fertiliser makers, have launched $316 billion so far this year in M&A deals, the largest for the opening eight months of the year, according to Dealogic, the data provider, and on course to beat the annual record of $384 billion of 2006.
The battle for PotashCorp comes in a week in which Vedanta, the London-listed mining group, sought to take a majority stake in Cairn India, and KNOC, the South Korean national oil company, launched a hostile takeover for UK-listed Dana Petroleum. Agrium, the Canadian fertiliser company, has also agreed to buy Australian grain trader AWB.
A senior industry executive said: "Companies with a strong balance sheet, coming out of the downturn one year ago, were frightened to act in case we still faced Armageddon." But an improved environment has led some companies to renew old ambitions. "A lot of companies practised for these types of deals in 2008.  . . .  Now they are ready to move faster."

* * *

Join GATA here:
Toronto Resource Investment Conference
Saturday-Sunday, September 25-26, 2010
Metro Toronto Convention Center, Toronto, Ontario, Canada
http://www.cambridgeconferences.com/index.php/toronto-resource-investmen...

The Silver Summit
Thursday-Friday, October 21-22, 2010
Davenport Hotel, Spokane, Washington
http://www.silversummit.com/

New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
http://www.neworleansconference.com/redirect.php?page=index.html&source_...

* * *
Support GATA by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
http://www.goldrush21.com/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:

http://www.gata.org/node/16

MarketWatch:Weekly Roundup | Top Ten Stories . August 20th., 2010

MarketWatch
Weekly Roundup
AUGUST 20, 2010

MarketWatch top 10 stories, Aug. 16 - 20

By MarketWatch



SAN FRANCISCO (MarketWatch) -- U.S. stocks fell on Friday and closed much lower for the week as economic data showed weakening and joblessness rose. The dollar rose against the euro as Germany's top central banker surprisingly said that the ECB will keep an accommodative policy of emergency lending through 2010. Dollar strength weighed on oil, which fell more than 1% and dropped under $74 a barrel. Gold also retreated. Treasurys were mostly flat near record low yields on short-term paper.

Pleas also be sure to watch MarketWatch's Week Ahead videos for Europe, Asia and the United States.

 Europe's Week Ahead: BHP, l'Oreal, Ahold to report

 Asia's Week Ahead: BHP earnings, Australian vote

 U.S. Week Ahead: Jobs, Housing reports top agenda

-- Greg Morcroft, assistant managing editor

BHP goes hostile for Potash

Mining giant BHP Billiton Ltd. (BHP) went on the attack Wednesday, saying it will take its nearly $39 billion takeover bid for Potash Corp. of Saskatchewan Inc. (POT) straight to shareholders after the fertilizer firm's board spurned the offer as grossly inadequate. The Anglo-Australian miner expressed confidence in its $130-a-share, cash offer for the Canadian Potash. The offer values the company at $38.6 billion and represents a 20% premium to the closing price of Potash shares on Aug. 11, the day before BHP Billiton's first approach to the firm. See more details of Potash in play on MarketWatch.

Intel snapping up McAfee for $7.7 billion

Intel Corp. (INTC) said Thursday that it will pay about $7.7 billion in cash to buy McAfee Inc. (MFE), a surprising deal that some analysts see as a bold move focused on the growing importance of security in computing, especially in mobile devices. Intel said the deal "elevates focus on security on par with energy-efficient performance and connectivity" and particularly centers on bringing security to mobile wireless chips. See story on Intel's M&A move on MarketWatch.

Treasury says government needs to keep a role in home finance

Participants at a housing-finance conference Tuesday largely agreed that subsidies for housing need to be reduced but not eliminated, even as they disagreed on how far government assistance to the mortgage market should be curtailed. U.S. Treasury Secretary Timothy Geithner and the vast majority of the participants at a gathering on the fate of Fannie and Freddie decided that no matter what structure will emerge -- and dozens of different approaches are being considered -- the government would offer some type of federal guarantee of mortgage securities to buyers in the market for a fee. Read MarketWatch's coverage of Treasury conference on home finance.

John Deere harvests profit, but outlook remains gloomy

Deere & Co. (DE) said Wednesday that its third-quarter profit grew 47% as North American farmers bought more tractors at higher prices, and as demand for construction and forestry equipment rebounded from last year's slump. But the company gave a weaker-than-expected fourth-quarter outlook. Read more on MarketWatch about Deere's earnings.

GM files for IPO, likely second largest in U.S. history

General Motors Co. filed Wednesday for a long-awaited public offering that will take its place among the biggest IPOs in history, and set the stage for the U.S. government to exit the car business. The company did not specify the amount of shares or a price range, but did say the offering will include common and preferred stock. GM also said there will be 500 million shares outstanding following the offering. The stock will be listed on the New York and Toronto stock exchanges and will be traded under the symbol "GM," the same one used before its bankruptcy. See MarketWatch's GM IPO coverage.

U.S. budget deficit to top $1.3 trillion in 2010

The federal budget deficit will surpass $1.3 trillion in 2010 and is expected to be the second largest shortfall in the past 65 years, the Congressional Budget Office estimated Thursday. Meanwhile, the U.S. recovery from the economic downturn will continue to play out at a "modest pace" during the next few years, the agency said. See full story on growing budget deficit, on MarketWatch .

New law to create healthcare tradeoffs

U.S. workers may want to brace themselves for a new set of health-care trade-offs. For the first time, those with employer-sponsored health insurance through large companies will be able to keep their adult children on their plans until age 26 regardless of their kids' educational status, and workers generally won't have to worry about lifetime or annual limits on coverage when enrollment opens for 2011 benefits. But they may face higher out-of-pocket costs as medical inflation continues its unrelenting climb and as the health-reform law's provisions start to take effect. Read about health insurance changes at employers, on MarketWatch.

International growth drives Wal-Mart, while U.S. stays weak

Retail giant Wal-Mart Stores Inc. (WMT) said its second-quarter profit rose 3.6%, as demand from Mexico and overseas markets shouldered the company's growth while U.S. spenders remain cautious. "There is still a degree of caution that doesn't explain today's rally," said Nick Kalivas, senior equity index analyst at MF Global. But "higher guidance, focus on buybacks and returning value to shareholder is a balance to what is still a very difficult retail environment." See MarketWatch's full story on Wal-Mart's results.

Treasurys hit new low yields as flight to safety returns

Treasury prices rose Friday, pushing short-term yields to new record lows, adding to weekly gains after Thursday's surprisingly weak data that called into question the ability of the United States -- and therefore the world -- to sustain a recovery. Bonds gained as investors sought out safer assets while global and U.S. equities fell and the euro sold off against the dollar. "The world is in a flight-to-quality mode," said Andrew Brenner, head of emerging markets at Guggenheim Securities. "Sentiment is about as bad as we've seen it in a while." Read about ongoing Treasurys' rally on MarketWatch.

Commentary: Why your best investment is a foreclosed home

The recession is "officially" over according to GDP figures. Stocks are up 50% from the March 2009 bottom. Gold and silver are up dramatically too. So what's the only remaining asset class that's still cheap? Real estate. Sure, in most parts of the country the market is still in the toilet. July marked the 17th straight month foreclosures exceeded 300,000, and the number of homeowners who lost their homes rose again on the month. But real estate is always a local market and different cities, neighborhoods and individual houses will bottom at different times. Now is that time for many areas. Read commentary on MarketWatch about the deals that can be found on foreclosed homes.

Mining Interactive: Zeal Intelligence Weekly - "Big Autumn Silver Rally 2" by Adam Hamilton. August 20th., 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
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.- Special Financial Services : Three bank failures bring 2010 total to 113. August 20th., 2010

MarketWatch
  FINANCIAL SERVICES
 
Three bank failures bring 2010 total to 113
 
By John Letzing MarketWatch


Three more banks are closed by regulators, as the effects of the credit crisis continue to ripple through the financial system. 


CNBC : Evening Brief : CEO: I've Got $50,000 Jobs That I Can't Fill. August 20th., 2010



LATEST STORIES


»click here to see the latest top stories from CNBC.com



LATEST VIDEO

  • CNBC.com Market Outlook
    A look at the week's top business news stories, which stocks the pros are recommending and what you should watch for next week, with CNBC's Courtney Reagan.
    » Watch Video












     
  • Biz Talking Down Economy?
    Gov. Howard Dean, former Democratic National Committee chairman and Todd Buccholz, former White House economic advisor, debate whether businesses is doing anything to help the economy or if they're just holding back.
    » Watch Video












     
  • A Frontline View of Hiring
    The issue of hiring among American companies, Dave Roberts, Carlisle Companies CEO.
    » Watch Video












     
  • Talk of Double Dip?
    Markets around the world are reacting negatively to growing concerns about the recovery, with Edward Yardeni, Yardeni Research president.
    » Watch Video












     
  • Dell Forecasts a Brighter Second-Half Dell's gross margin narrowed from 18.7% to 16.6% in the second quarter. However, Steve Felice, president of consumer, small and medium business at Dell, forecasts a better H2 as input costs ease. He speaks to CNBC's Martin Soong & Sri Jegarajah.
    » Watch Video













REUTERS : AFTERNOON Daily Investors News Update: August 20th., 2010



AFTERNOON DAILY INVESTORS NEWS UPDATE

S&P and Dow fall two weeks in a row on recovery woes
Potash hunt for richer bid may lead to China
HP, Dell shares sink as tech spending jitters persist
Hormel posts profit beat, raises forecast
China Anshan says still committed to U.S. investment
Hedge fund manager Pellegrini to return money
BofA, ex-CEO Lewis deny Cuomo fraud charges
Court bars AU Optronics CEO from leaving U.S.
U.S. Trust hires eight wealth management executives
Investors roll positions on options expiration day

RTTNews: Evening Market Wrap : Stocks Recover From Early Lows To Close Mixed - U.S. Commentary . August 20th., 2010

Evening Market Wrap Fri Aug 20 17:01 2010 

Commentary

Aug 20, 2010 Stocks Recover From Early Lows To Close Mixed - U.S. Commentary While stocks showed a notable move to the downside in morning trading on Friday, selling pressure was relatively subdued amid below average volume. The major averages subsequently climbed well off their worst levels of the day in the afternoon, ending the session mixed. Full Article

Earnings News

Aug 20, 2010 Hormel Foods Lifts FY10 Earnings View On Strong Quarterly Profit - Update Meat and food products firm Hormel Foods Corp. (HRL) reported Friday a higher profit in its third quarter, mainly on profit gains in four of the five segments, led by Jennie-O Turkey Store. Earnings and top line beat market estimates. Citing the strong quarterly performance, the company lifted its fiscal 2010 earnings forecast, which is above market view. Full Article
Aug 20, 2010 Smucker's Reports Sweet Quarterly Profit Jelly and coffee maker J. M. Smucker Co. (SJM) reported Friday an increase in first-quarter profit, helped mainly by an 84% drop in merger and integration costs compared to last year. The company also reaffirmed its fiscal year 2011 earnings outlook and boosted sales view. Full Article

Corporate News

Aug 20, 2010 Levi Strauss Launches DENIZEN Brand Targeting Asian Youth U.S. Jeans maker Levi Strauss & Co. launched a new low priced global Levis brand this week aimed at the Asian market, particularly China. The new global brand of jeans called the "dENIZEN" is aimed at young consumers in emerging markets like China, Singapore and South Korea as well as India. Full Article

General News

Aug 20, 2010 Poll Shows Slim Majority Think Iraq War Will Be Judged A Failure While most Americans say that Iraq is better off following the U.S. invasion, the results of a Gallup poll released Friday also showed that a slim majority still believe history will judge the Iraq war as a failure. The poll showed that 53 percent of Americans said that history will judge the Iraq war as a failure compared to 42 percent that said it will be judged as a success. Full Article

NYT: Afternoon Business News| Afternoon Business Update .- How to Be Frugal and Still Asked on Dates. August 20th., 2010


BUSINESS:


Your Money

How to Be Frugal and Still Be Asked on Dates

 
By RON LIEBER
There are ways to broadcast your financial values without coming off as a tightwad or a gold digger.

 

Egg Recall Is Expanded Again

 
By WILLIAM NEUMAN
Hillandale's announcement did not say how many eggs were involved, but the number is likely to be in the millions.

422,000 Loans Modified Under U.S. Program, Data Shows

By DAVID STREITFELD
The pool of potential candidates, however, is shrinking rapidly. New trial modifications were down sharply in July.
Wealth Matters

 

Looking at Tutors as an Investment

 
By PAUL SULLIVAN
Wealthy parents pay a lot for their children's tutors, and they usually expect more than improved grades.

Rio Tinto Puts on a New Face in Its Relations With China

 
By DAVID BARBOZA
 The steel maker seems eager to put past conflicts with Beijing behind it and search for ways to ensure continued profit from China's economic growth.

MarketWatch:Personal Finance Daily | Job hunting is a lonely task, and getting more so

MarketWatch
Personal Finance Daily
AUGUST 20, 2010

Friday's Personal Finance daily

By MarketWatch



Don't miss these top stories:
Hunting for a job can be a lonely process. Even though millions of Americans are all essentially in the same boat, doing their utmost to land a paying position in this dismal U.S. labor market, in the end each job seeker is very much on his own, worrying about the best résumé format to use, what references are saying about past performance, and fidgeting nervously in the anteroom of the office of that (fingers crossed) next employer.

Only these days more of those job seekers aren't in that office at all. In fact, they may be thousands of miles away, sitting nervously alone at home, in front of their computer, as they await the appointed hour to log into an Internet-based video interview.

There's no secretary or receptionist with whom to break the ice, no sense of what sort of "feel" the work environment has. It's face to face, in a sense, but interviewing by a remote connection is nothing like being there in person. It's hard to know where to look -- your eyes are drawn to the face on the screen but you need to focus on the camera lens if you want the interviewer to see your eyes -- and any number of mishaps could ensue, from an interruption by your vociferous dog or a dropped connection, where the screen goes blank.

Read Catherine Carlock's story today, and watch her video, for tips to make sure you nail that video interview. She oughta know: Her MarketWatch internship in San Francisco ends today, but Catherine landed a job in North Carolina solely based on phone and video interviews.

-- Andrea Coombes , Personal Finance editor

How to nail a job interview -- by video

These days, a job seeker can land a job without ever setting foot inside the company's office, traveling to the city where the office is, or even meeting the company's recruiters in person -- thanks to video communication tools such as Skype that connect employers with candidates over the Internet.
See story on how to nail a job interview -- by video.


Tips for handling a job interview over Skype

More companies are tapping into Skype and other video-communication tools to interview job seekers. But talking to a prospective employer over an Internet connection is not without pitfalls. Catherine Carlock offers tips to help you do it right.
 Watch video on tips to handle a job interview over Skype.


HEALTH CARE

IPods, environmental noise eyed as teens' hearing loss rises

Americans are used to protecting their hearing before shooting a gun at a firing range. Now that a new study shows the portion of U.S. teenagers with hearing loss has jumped 31% in the past 20 years, will the same message about loud and sustained high decibels reach the generation that proudly sports ear buds and listens for hours to personal music players like the iPod?
See Kristen Gerencher's Health Matters Blog on teens' hearing loss.


RETIREMENT

More retirement savers take loans, hardship withdrawals

Even as retirement savers recouped some investment losses from a year ago, financial struggles are forcing more of them to take out loans and hardship withdrawals from their 401(k) plans, according to data released Friday from Fidelity Investments.
See story on more retirement savers take loans, hardship withdrawals.


INVESTING

A roster of dividend-paying stocks to consider

Attention all frustrated, bored investors who have flown to safety: You can stop yawning. Well, maybe just a little.
See story on a roster of dividend-paying stocks to consider.


Commentary: How to capitalize on the shift to Smartphone Nation

Walk into an Apple or Verizon store in any big town in America this summer, and you will be excused if you think it is Christmas, as lines are deep, smiles are broad, and iPhone, iPad and Android phone sales continue to blast expectations that consumers are cowering in their bunkers.
See story on how investors can capitalize on the shift to Smartphone Nation.


Rattled investors look to gold, bonds and experts

Investors at this month's Money Show in San Francisco look to gold, bonds and experts for ideas on how to survive and profit in a tough economy.
 Watch video on rattled investors look to gold, bonds and experts.


Google's 2004 IPO far exceeded historical norms

Mere coincidence? In announcing this week its initial public offering to emerge from bankruptcy, General Motors chose the sixth anniversary of Google's initial public offering -- perhaps the most successful IPO of all time.
See story on Google's 2004 IPO far exceeded historical norms.


Should you buy the GM IPO?

Is the GM IPO a publicity event? James Altucher shares his views with Veronica Dagher of Dow Jones Newswires.
 Watch video on should you buy the GM IPO?


Wheat-crop scare rattles global nerves

The recent run-up in wheat prices to their highest level in almost two years may offer the good kick-in-the-pants the world needs to realize just how fragile the global grain market really is.
See story on wheat-crop scare rattles global nerves.


CONSUMERS

Commentary: Women hit the stores and pay full price

She's back. The female shopper has returned to stores, ready to buy and not afraid to pay full price -- at least judging by the results from AnnTaylor Stores Corp.
See story on women hit the stores - and pay full price.


REAL ESTATE

Commentary: A good idea for fixing housing

Five years after the housing bubble began to pop, we're still cleaning the gum out of our hair.
See story on a good idea for fixing housing.


Short-sale advice for a seller with a home-equity line

A homeowner with three outstanding mortgage loans, including a home-equity line of credit, is wondering whether to pay off that credit line before or after the home sale goes through. And: Be wary of mortgage brokers who insist that homeowner's title insurance is required.
See Realty Q&A on short-sale advice for seller with home-equity line.


Fannie-Freddie reform holds implications for rental housing

A consensus seems to be forming among policy makers on Capitol Hill: Housing subsidies need to be reduced over the next handful of years.
See story on Fannie-Freddie reform holds implications for rental housing.


ECONOMY & POLITICS

What we learned about the economy this week

A slide show of charts that describe economic news this week.
See story on what we learned about the economy this week.

FOX BUSINESS : Breaking Business News| Stocks fall for second day| Snapshot at close

FOX BUSINESS

Stocks Fall for Second DayWeighed down by yesterday's disappointing data, stocks lost ground for a second day of trading.
THE MOST POWERFUL NAME IN BUSINESS NEWS

Former BofA CEO Denies Charges

Ken Lewis rejected fraud charges in a lawsuit by NY's AG claiming he misled shareholders.

Distrust in Uncle Sam Grows

Final Score The phrase used to be “tax and spend.” But now it's "spend and tax."

Apps Leading to Death of Internet

WATCH As apps become more popular, less people are hopping online, what will that do for advertising?

Shop Your Way to a Free Flight

Tweaking the way you do something already several times a month can add up to a free flight pretty quick.

 
 
 
Market Snapshot
Index Last Change %Change  
DJIA 10,213.62 -57.59 0.56% Hilighted
Nasdaq 2,179.76 +0.81 0.04%  
S&P 500 1,071.58 -4.05 0.38%  
FOX 50 774.66 -4.47 0.57%  
DIJA Chart
 

FOX BUSINESS. Breaking Business News | Distrutful of Uncle Sam | Apps Leading to Death in Internet

FOX BUSINESS

Government Spending Uncle Sam 276
Distrustful of Uncle Sam Final Score: The phrase used to be “tax and spend.” But now it's "spend and tax" -- spend money before you raise it, and then tax later to pay off the bills.

THE MOST POWERFUL NAME IN BUSINESS NEWS



Former BofA CEO Denies Charges

Kenneth Lewis rejected fraud charges in a lawsuit by NY's AG claiming he misled shareholders.

Wall Street Washed in Red

Stocks sank further into negative terrorist as investors couldn't shake worries over the economic recovery.

Apps Leading to Death of Internet

WATCH As apps become more popular, less people are hoping online, what will that do for advertising?

Google Offers Tips for Small Biz

Small businesses need not look any further than Google’s blog to find tips to grow their companies.

India Expects BlackBerry Solution Soon

Local security agencies may get access to RIM's BlackBerry corporate e-mail service next week.