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Sep 2, 2010

NASDAQ : Latest Forex News & Commentary. Sep., 2nd ., 2010



Latest Forex News



Read more: http://www.nasdaq.com/investing/forex/#ixzz0yQux5J6Z

Tea With The Economist :Sidney Ritenberg on China: :A Serene Testimony From Mao's jails , to today's China. Sep 2nd 2010




SIDNEY RITTENBERG ON CHINA
 

How China has changed
Mao's interpreter on the evolution of individual ambition and why Mao was the best listener he ever met




GATA : THE GATA DISPATCHES: Nielsen, WEir Badger CFTC t To Act against Manipulation

Nielson, Weir badger CFTC to act against silver market manipulation

Submitted by cpowell on 06:54PM ET Thursday, September 2, 2010. Section: Daily Dispatches 9:45p ET Thursday, September 2, 2010
Dear Friend of GATA and Gold (and Silver):
Jeff Nielson of Bullion Bulls Canada and Road to Roota letter writer Bix Weir this week gave a shove to the U.S. Commodity Futures Trading Commission to get it moving against the increasingly obvious manipulation of the silver market by the big shorts.
Nielson's commentary is headlined "Commodities: Hoarding Vs. Shorting" and you can find it at Bullion Bulls Canada here:
http://www.bullionbullscanada.com/index.php?option=com_content&view=arti...
Or try this abbreviated link:
http://tinyurl.com/26em5lg
Weir's commentary is headlined "Nuts and Bolts of Comex Silver Manipulation" and you can find it at GoldSeek's companion site, SilverSeek, here:
http://news.silverseek.com/SilverSeek/1283447660.php
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, 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 ; Personal Finance Daily: | Personal Finance Investing doesn't have to be complicated. Sep. 2nd., 2010

MarketWatch
Personal Finance Daily
SEPTEMBER 02, 2010

Thursday's Personal Finance

By MarketWatch



Don't miss these top stories:
What if you all needed to be a successful investor was to find three cheap, diversified index mutual funds -- one for U.S. stocks, one for international stocks and one for bonds? Wouldn't that be nice?

Turns out, as Jonathan Burton notes in his Life Savings column, it's not only a nice idea, it's an investing plan that works. As Jonathan says, even such a simple investing plan might net you some real profit. You won't retire to your own island on your gains, but you'll also avoid a lot of headache-inducing volatility.

Read his story, plus don't miss our piece on how airlines are offering to waive travel-change fees as Hurricane Earl bears down on the East Coast, find out how credit-card issuers have come up with new tricks to separate you from your money, and see how much more employers are charging workers for health-care costs.

-- Andrea Coombes , Personal Finance editor

'Nifty 50/50' portfolio keeps investing simple

Investing is complex rocket science that requires professional help -- at least that's what the professionals usually say. But a strong case can be made for investors following a design principle known as KISS, which in this case stands for "Keep it simple, saver."
See story on 'Nifty 50/50' portfolio keeps investing simple.


CONSUMERS

New credit-card tricks snare consumers

Just when you thought it was safe to trust your credit-card issuer again, along come new warnings about how they might be scamming you.
See story on new credit-card tricks snare consumers.


HEALTH CARE

Workers pay bigger share of health costs

Many recession-battered employers passed on a bigger share of health-insurance costs to workers or made their benefits less comprehensive this year, even though premium costs grew only modestly, a new study found.
See story on workers pay bigger share of health costs.


TRAVEL

Hurricane Earl prompts airlines to waive some fees

As Hurricane Earl twists its way towards the East Coast ahead of the busy Labor Day weekend, the nation's largest airlines are rolling out waivers that allow travelers to change flights without charge, but most come with specific stipulations.
See story on Hurricane Earl prompts airlines to waive some fees.


Hurricane Earl heads for Outer Banks

Hurricane Earl, having weakened again to a Category 3 storm, continued barreling toward the East Coast on Thursday, prompting warnings and evacuation orders as the region braced for a soaking start to the Labor Day holiday weekend.
See story on Hurricane Earl heads for Outer Banks.


INVESTING

Give your investments a confidence boost

Got confidence? Consumer confidence, according to some market commentators, is among the key indicators those who put their assets at risk in the stock and bond markets need to follow.
See story on give your investments a confidence boost.


Make this stockpicker's market work for you

"It's a stockpicker's market" is arguably the most lame statement and analysis in investing. And yet, those words have never been more true than right now, particularly for individual investors.
See story on make this stockpicker's market work for you.


Don't leave the bond party yet

Is it, or is it not, a bubble? That is the question -- at least for bond-market investors these days.
See story on don't leave the bond party yet.


THE JOB MARKET

August jobs report takes center stage

The U.S. economy likely added private-sector jobs last month, but hiring is still not happening fast enough to reduce the nation's high jobless rate.
See story on August jobs report takes center stage.


Jobless claims drop 6,000

The number of people applying for unemployment benefits fell by 6,000 to 472,000 in the week ended Aug. 28, but first-time claims remain at an elevated level, government data showed Thursday.
See story on jobless claims fall 6,000.


ECONOMY & POLITICS

U.S. productivity revised lower for second quarter

The productivity of American businesses fell a revised 1.8% in the second quarter, the biggest drop in almost four years and twice as much as the government initially reported.
See story on U.S. productivity revised lower for second quarter.


Bernanke says he feared Lehman's collapse

Federal Reserve Chairman Ben Bernanke said Thursday that he always thought a failure of Lehman Brothers Holdings Inc. would severely damage the U.S. economy.
See story on Bernanke says he feared Lehman's collapse.


REAL ESTATE

Foreclosures hit communities - and kids

Children could be prevented from realizing their potential in school and, eventually, the labor force as consequences from the problem of home foreclosures last for years, a Federal Reserve official said Thursday.
See story on foreclosures hit communities - and kids.


Fixed-rate mortgages, 5-year ARMs hit record low

Mortgage rates dropped again this week due to modest inflation expectations, Freddie Mac's deputy chief economist said on Thursday.
See story on fixed-rate mortgages, 5-year ARMs hit record low.


Pending home sales index climbs 5.2% in July

Pending home sales in July rose 5.2% from downwardly revised June levels, the National Association of Realtors reported Thursday, though the indicator shows the market for existing homes is still depressed after the expiration of a key tax benefit.
See story on pending home sales index climbs 5.2%.

NFA : NFA announces registration/compliance workshops for currently unregistered forex IBs, CPOs and CTAs. Sep.2nd., 201

September 2, 2010

NFA announces registration/compliance workshops for currently unregistered forex IBs, CPOs and CTAs



On August 30, the Commodity Futures Trading Commission published its final forex rules. All forex solicitors, account managers and pool operators are required to register with the CFTC as Introducing Brokers (IBs), Commodity Trading Advisors (CTAs) or Commodity Pool Operators (CPOs) and become Members of National Futures Association. The deadline for registration is October 18, 2010.
To help individuals understand the registration process and their new regulatory requirements, NFA will be offering registration/compliance workshops in conjunction with the upcoming Futures and Forex Expo to be held on September 23-25 at Caesars Palace in Las Vegas. These workshops will outline the registration process and discuss regulatory requirements for each registration category.
The schedule for the workshops is as follows:
Saturday, September 25, 2010

8:30 a.m. - 10:30 a.m. Registration workshop for all registration categories. This session will cover who has to register and will present a walkthrough of the registration process.
10:30 a.m. - 12:00 p.m. General compliance workshop for all registration categories. This session will include discussion of NFA rules regarding promotional material/sales practices, supervisory procedures (including ethics training requirements, supervision of branch offices and disaster recovery/business continuity planning) and anti-money laundering requirements.
1:30 p.m. - 3:00 p.m. Disclosure documents/financial requirements workshop for CPOs and CTAs, including performance reporting.
3:00 p.m. - 4:00 p.m. Financial requirements for independent IBs.
4:00 p.m. - 5:00 p.m. NFA staff available for one-on-one consultations.
All workshops will be held in the Tribune Room in the Convention Center at Caesar's Palace.
Although there is no fee to attend the workshops, advanced registration is recommended. Click here to register online.
Registration is also required for the Futures and Forex Expo. To register, click here.

The Washington Post : Breaking News: Obama's economic team considering new stimulus package. Sep.2nd., 2010


Breaking News Alert: Obama's economic team considering new stimulus package September 2, 2010 5:21:19 PM
----------------------------------------

With the recovery faltering less than two months before the November congressional elections, President Obama's economic team is considering another big dose of stimulus in the form of tax breaks for businesses -- potentially worth hundreds of billions of dollars, according to two people familiar with the talks. Among the options are a temporary payroll tax holiday and a permanent extension of the research and development tax credit, say people familiar with the talks.

http://link.email.washingtonpost.com/r/92KH5M/S3342H/DI8V86/HTN06P/NGQ5Z/HK/h

For more information, visit washingtonpost.com

CNBC EVENING BRIEF:Bernanke Takes Blame for Muddled Message on Lehman. Sep. 2nd., 2010



LATEST STORIES


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


LATEST VIDEO

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

NYT : Aftern oon BusinessNews: U.S. Retailers Depended on Discounts in August. Sep. 2nd., 2010



BUSINESS:

U.S. Retailers Depended on Discounts in August

 
By STEPHANIE CLIFFORD
Retail sales rose 3.3 percent, more than forecast. But the results are measured against a weak month a year ago.

Strong Yen Helps to Fuel Germany's Export Boom

 
By JACK EWING
 
 
Europe tends to focus on the dollar exchange rate, but the yen's recent rise is helping Germany significantly.

Toyota Feels Exchange-Rate Pinch as Rivals Gain

 
By HIROKO TABUCHI
For all the turmoil over Toyota's wave of recalls, the world's largest automaker may face a bigger problem: the surging yen.
Prescriptions Blog

 

Health Costs Passed On to Workers

 
By REED ABELSON
The annual Kaiser survey of employer health benefits shows employers managed to keep costs down, but employees' premiums went up.
DealBook

H.P. Wins 3Par as Bidding War Ends

 
By DEALBOOK
Dell on Thursday withdrew from the bidding for 3Par, which agreed to be acquired by Hewlett-Packard for $33 per share.

RTTNews: Evening Market Wrap. Stocks Extend Gains Ahead Of Monthly Jobs Report. Sep.2nd., 2010

Evening Market Wrap Thu Sep 2 17:01 2010 

Commentary

Sep 2, 2010 Stocks Extend Gains Ahead Of Monthly Jobs Report - U.S. Commentary Stocks extended the upside seen in the previous session on Thursday, ending notably higher ahead of Friday's landmark jobs report following the release of upbeat data on pending home sales and weekly jobless claims. The major averages all saw steady upside in the second half of the day, eventually ending near their best levels of the session. Full Article

Economic News

Sep 2, 2010 Weekly Jobless Claims Show Modest Decrease But Remain Elevated First-time claims for unemployment benefits showed a modest decrease in the week ended August 28th, according to a report released by the Labor Department on Thursday, with the decrease offsetting an upward revision to the previous week's data. The Labor Department said that initial jobless claims edged down to 472,000 from the previous week's revised figure of 478,000. Economists had expected jobless claims to inch up to 475,000 from the 473,000 originally reported for the previous week. Full Article
Sep 2, 2010 Pending Home Sales Increase In July Following Recent WeaknessPending home sales showed a notable increase in the month of July, according to a report released by the National Association of Realtors on Thursday, with the increase coming on the heels of sharp drops in the months following the expiration of the homebuyer tax credit. NAR said its pending home sales index rose by 5.2 percent in July following a revised 2.8 percent decrease in June and a more substantial 29.9 percent drop in May. Full Article

Mergers

Sep 2, 2010 Burger King To Be Taken Private For $4 Bln. Confirming market speculations, Burger King Holdings Inc. (BKC), which became public in 2006, Thursday announced an acquisition deal with New York-based private equity firm 3G Capital. Under the deal, affiliates of 3G Capital will acquire the burger chain's shares for $24 per share or $4 billion, including the assumption of its debt. Full Article
Sep 2, 2010 Avis Budget Lifts Cash Portion Of Bid For Dollar Thrifty - Update Vehicle rental services provider Avis Budget Group, Inc. (CAR) lifted Thursday the cash portion of its offer to acquire rival Dollar Thrifty Automotive Group, Inc. (DTG) to $40.75 per share from previous offer of $39.25 per share. Meanwhile, the stock option in the offer of 0.6543 shares of Avis stock per Dollar Thrifty share remains the same. Full Article

The Washington Post : Afternoon News & Opinions : Today's Most read Articles. Sep.2nd., 2010


I.- Most Viewed Articles on washingtonpost.com

1) Discovery building given all-clear after hostage standoff

Police say James J. Lee had four makeshift explosive devices strapped to his body, and was wielding a gun when he entered Discovery Communications headquarters in Silver Spring.

2) Hurricane Earl threatens holiday travel plans

More Americans plan to travel over the Labor Day weekend this year than last -- including almost 790,000 in the Washington region -- but those on the East Coast might think twice if tropical weather bears down by Friday.

3) 44: Obama moving America 'toward socialism,' Joe Miller says

Traditionally, when a candidate wins a party primary by appealing to the base, he or she frequently "runs to the center" in the general election campaign in attempt to draw support from moderates. Alaska GOP Senate candidate Joe Miller, fresh off a stunning upset of Sen. Lisa Murkowski (R-Alaska)...

4) Economist Christina Romer serves up dismal news at her farewell luncheon

Lunch at the National Press Club on Wednesday caused some serious indigestion.

5) Hurricane Earl approaches: Some dig in, others flee coast

Hurricane Earl swirled toward the East Coast on Thursday with treacherous winds and driving rain, forcing thousands of vacationers to evacuate parts of the Outer Banks and setting in motion a flurry of preparations to minimize damage as far north as Maine.

6) Rebel in the Rockies

Here's why Ken Buck's looking like a promising candidate for Senate.

7) Author denies Discovery gunman James Lee's interpretation of 'My Ishmael'

The gunman who took hostages at Discovery Communications' headquarters in Silver Spring was apparently inspired by the author of a popular series about a telepathic ape who tries to save humankind from problems such as overpopulation, but the writer said Wednesday that he is baffled by James J. L...

8) Nationals fire TV announcer Rob Dibble after Strasburg comments

The Washington Nationals cut beleaguered television color analyst Rob Dibble from their broadcast team, following his comments about Stephen Strasburg.

9) Maryland Sen. Currie indicted on charges of taking bribes from grocery chain

Longtime Maryland Sen. Ulysses Currie, one of the most powerful and popular figures in the General Assembly, was indicted Wednesday on charges that he took more than $245,000 in bribes to use his position and influence to do favors for a grocery chain.

10) Twitter gets first jump on Discovery Channel gunman

The news broke around 1 p.m. with a few sketchy details. Gunman. Shots. Hostages. Discovery building.

II.- Most Viewed Opinions Columns

1) Rebel in the Rockies

Here's why Ken Buck's looking like a promising candidate for Senate.

2) A speech's tall order

Can he use the end of combat operations in Iraq to rekindle aspirations for change?

3) My Iraq mistake

Invading Iraq was a bad decision, but we have to learn to live with the consequences.

4) At Mideast peace talks, a lopsided table

Staggering asymmetries between Palestinians and Israelis could seriously imperil peace talks.

5) Awaiting a verdict in Iraq

We've spent so much blood in Iraq that it would be wrong to walk away completely.

6) No one's messiah

Glenn Beck betrays the grandiosity of the addict.

7) A GOP opening in Pa.?

Whether they're ready or not, Pennsylvania's gubernatorial candidates have reached the national stage.

8) Something for everyone

ENDANGERED Democrats beseech President Obama to focus on the problems at home. Republicans smelling blood attack him if he talks about anything but the recession. His own aides promise, from time to time, that his mission will consist of "jobs, jobs, jobs."

9) D.C. Council endorsements

EARLY VOTING is underway in the District, and most of the attention understandably has centered on the contentious battle between Mayor Adrian M. Fenty and D.C. Council Chairman Vincent C. Gray. But there are important races for D.C. Council seats that voters should not overlook. By all accounts,...

10) The meaning of Glenn Beck's rally

I have heard and read numerous comments about Glenn Beck's "Restoring Honor" rally last weekend that specifically noted "the whitest" crowd, as Courtland Milloy described it in his Aug. 30 Metro column, " The only thing being restored by Beck is prejudice ." I was there, and true, there were very...

GATA : THE GATA DISPATCH : China central bank researcher suspects 'intensive gold sales' by U.S. Sep. 2nd., 2010

China central bank researcher suspects 'intensive gold sales' by U.S.

China PBOC Researcher Warns Sharp Gold Price Decline
From Market News International, Frankfurt, Germany
Tuesday, August 31, 2010
http://imarketnews.com/?q=node/18539
BEIJING -- Sales by overseas central banks could see a sharp fall in gold prices, the Financial News reported Wednesday, citing Zou Pingzuo, a central bank researcher.
"Investors should be careful about investing in gold. Gold prices could fall sharply because of intensive gold sales by the United States and other overseas central banks," Zou said.
The researcher's comments were delivered at the launch of a gold investment competition.
China currently holds 33.89 million ounces of gold, according to People's Bank of China data.
The central bank has recently talked down the possibility of increasing its gold holdings, noting the market's limited size and price volatility, though the government did consider buying gold offered for sale by the International Monetary Fund earlier this year.
* * *
PBOC Researcher Says Gold May Slump on Central Bank Selling
From Bloomberg News
Tuesday, August 31, 2010
http://www.bloomberg.com/news/2010-09-01/pboc-researcher-says-gold-may-s...
BEIJING -- Investors should be alert against a gold price slump as overseas central banks like the U.S. may dump gold while the global economy is facing uncertainties, the Financial News reported, citing Zou Pingzuo, a researcher with the People’s Bank of China.
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

RTTNews: Daily Market Analysis. : Friday's Jobs Report May Keep Mood Subdued. Sep. 2nd., 2010

Daily Market Analysis Thu Sep 2 09:21 2010 

Sep 2, 2010 Friday's Jobs Report May Keep Mood Subdued - RTTNews Daily Market Analysis The major U.S. index futures are pointing to a slightly higher opening on Thursday, with sentiment reflecting tentativeness among traders despite the release of a report showing a modest decline in first time claims for unemployment benefits. In the face of economic evidence showing further softening of the job market, traders may exercise caution ahead of Friday's national employment report. The pending home sales data may also have an impact on the market direction in today's session. Full Article

RTTNews : Daily Stocks to Watch: Harry Winston Diamond glitters. Sep. 2nd., 2010

Daily Stocks to Watch Thu Sep 2 09:02 2010 

Stocks To Watch

Sep 2, 2010 Harry Winston Diamond glitters – Stocks To WatchHarry Winston Diamond Corp. (HWD) posted better-than-expected quarterly profit, thanks to 62% rise in sales. Net income for the second quarter was $16.5 million or $0.22 per share, a reversal from year-ago net loss of $24.5 million or $0.32 per share. Full Article
Sep 2, 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: Stocks May Open Modestly Higher As Jobless Claims Tick Lower - U.S .Commentary . Sep. 2nd., 2010

Morning Market Briefing Thu Sep 2 09:01 2010 

Commentary

Sep 2, 2010 Stocks May Open Modestly Higher As Jobless Claims Tick Lower - U.S .Commentary Stocks are on pace to open Thursday's session modestly higher, as jobless claims showed a modest decrease and retail sales largely continued their upward trend in August. The major index futures are all in positive territory, with the Dow futures up by 13 points. Full Article

Economic News

Sep 2, 2010 ECB Keeps Key Rate Unchanged At 1% Amid slowing inflation and rising concern over future growth prospects, the European Central Bank on Thursday left its key interest rate unchanged at a record low of 1% for the 16th month. Full Article
Sep 2, 2010 Weekly Jobless Claims Edge Down To 472,000 First-time claims for unemployment benefits showed a modest decrease in the week ended August 28th, according to a report released by the Labor Department on Thursday, with the decrease offsetting an upward revision to the previous week's data. Full Article
Sep 2, 2010 Q2 Productivity Falls By Much More Than Previously Reported With output increasing at a notably slower than previously reported rate, the Labor Department released a report on Thursday showing that labor productivity in the second quarter fell by much more than had originally been estimated. Full Article
Sep 2, 2010 Swiss Q2 Economic Growth Tops Expectations Switzerland's economy grew more than expected in the second quarter, boosted by companies' investment. Full Article
Sep 2, 2010 U.K. House Prices Continue To Drop U.K. house prices dropped more than expected in August as the imbalance between supply and demand in the housing market increased, according to Nationwide. However, the lender said the current fall in house prices was "not an unhealthy development." Full Article
Sep 2, 2010 Sweden Raises Interest Rates To 0.75% The Swedish central bank on Thursday decided to raise interest rates by a quarter percentage point to 0.75% as expected at the end of its two-day monetary policy meeting. The bank cited higher exports and falling unemployment for the rate rise. Full Article
Sep 2, 2010 Eurozone Q2 Growth Accelerates As Estimated Eurozone logged its biggest growth in four years as estimated in the second quarter, lifted by investment and exports. Full Article

Earnings News

Sep 2, 2010 SAIC Q2 profit up 54%, beats StreetWednesday SAIC, Inc. (SAI) reported nearly a 54% jump in profit for the second quarter, reflecting a 2% growth in revenue on a 19% surge in bookings, as well as lower costs. Earnings came in above the Street view, while revenues fell short of expectations. Operating margin improved 180 basis points to 9.8%. For the full year, the company provided earnings and revenue growth outlook. Full Article
Sep 2, 2010 Del Monte Q1 profit up 1.4%, backs FY11 profit viewThursday, Del Monte Foods Co. (DLM) reported a 1.4% rise in profit for the first quarter, helped mainly by improved gross margin. Income from continuing operations increased 1.7% to surpass the Street view, while sales dipped 1.1% to fall short of expectations. Looking ahead for fiscal 2011, the company reiterated its per-share earnings from continuing operations, although it lowered its annual sales growth guidance. Full Article

Corporate News

Sep 2, 2010 Orexigen, Takeda to jointly commercialize obesity drug in North AmericaThursday, Orexigen Therapeutics, Inc. (OREX) said it agreed with Takeda Pharmaceutical Co. Ltd. to develop and commercialize Orexigen's lead investigational obesity drug Contrave in North America. Under the deal terms, Takeda will get exclusive marketing right from Orexigen in the U.S, Mexico and Canada for an upfront payment of $50 million. Orexigen retains the right to co-promote with Takeda in the U.S. Further, Orexigen will be eligible to receive payments of over $1 billion upon achieving certain regulatory and sales milestones. Full Article
Sep 2, 2010 Avis lifts cash portion of Dollar Thrifty bidThursday, Avis Budget Group, Inc. (CAR) boosted the cash portion of its offer to buy Dollar Thrifty Automotive Group, Inc. (DTG) to $40.75 per share from $39.25 per share. Avis said its revised offer represents a premium of over 22% over the Hertz Global Holdings, Inc.'s (HTZ) bid, which was valued at $1.17 billion. Full Article
Sep 2, 2010 Petrobras, Brazilian Government sign $42.5 bln oil-for-stock dealWednesday, Petroleo Brasileiro SA (PBR) agreed to buy 5 billion barrels of oil reserves from the Brazilian government for US$42.5 billion worth stock. Petrobras,as the company is popularly called, said the average price of $8.51 per barrel exceeds the price reckoned by analysts as fair market value. Further, Petrobras said it intends to fund the deal with proceeds from its planned common and preferred share offering in September. Full Article

Broker Ratings Changes

Sep 2, 2010 FBR Capital Markets Upgrades MCG Capital Corporation (MCGC) To Outperform From Market Perform With $7 up from $5 Price Target

Todays WS Events

Sep 2, 2010 Limited Brands Investor Conference Call At 7:30 AM ET Limited Brands, Inc. (LTD) will host an Investor Conference call at 7:30 AM ET September 2010, to discuss its August sales report. To listen to the call, dial 1-866-NEWS-LTD (866-639-7583)
Sep 2, 2010 General Electric To Present At J.P. Morgan LED General Lighting Symposium; Webcast At 8:00 AM ET General Electric Co. (GE) CEO Jaime Irick, will present at J.P. Morgan LED General Lighting Symposium. The event is scheduled to begin at 8:00 AM ET on September 2, 2010. To access the webcast, log on at www.ge.com/investors
Sep 2, 2010 H&R Block Q1 11 Earnings Conference Call At 4:30 PM ET H&R Block, Inc. (HRB) will host a conference call at 4:30 PM ET September 2, 2010, to discuss its Q1 11 financial results. To access the audio webcast, log on at http://investor-relations.hrblock.com. The call can also be accessed by dialing (877) 247-6355 (US) or (706) 679-0317 (International) For replay of the call, dial (800) 642-1687 (US) or (706) 645-9291 (International) with ID 93951013.
Sep 2, 2010 Novellus Systems Mid-Quarter Update Conference Call At 4:30 PM ET Novellus Systems, Inc. (NVLS) will host a conference call at 4:30 PM ET September 2, 2010, to provide its mid-quarter update for the third quarter 2010. To access the live webcast, log on at www.novellus.com

FORBES : Financial Opinions : V-Shaped Dreams Evaporate. Sep2nd., 2010



V-Shaped Dreams Evaporate
Nouriel Roubini, Christian Menegatti and Prajakta Bhide
The U.S. must brace itself for a long period of below-potential growth.


Asia's 200 Best Under A Billion
Christina Settimi
Our 200 small and midsize companies have shined in the past year.
 
Pete Carroll On Turning Around An Organization
Marc Kramer
Words of wisdom from one of football's greatest coaches.
 
Only The Macros Matter
Martin T. Sosnoff
Now is the time to be level-headed. Many stocks like MetLife, Peabody and Goldman are trading at or near intrinsic value.
Voters' Choice: Pick Your Poison
John Zogby
Both parties vulnerable to other side's negative portrayals.

FOX BREAKING BUSINESS NEWS: Labor Department reports weekly jobless claims fall by 6,000 to 472,000 . Sep. 2nd., 2010

05 2010 Traders 02 276
Jobs, Housing In FocusFutures were down slightly Thursday ahead of initial jobless claims and pending home sales data



THE MOST POWERFUL NAME IN BUSINESS NEWS

ECB Holds Rates Steady

The European Central Bank held interest rates at a record low on and will keep its keep its liquidity safety-net.

China Looks for Ways to Block BHP

China is stepping up attempts to hamper BHP Billiton's $39 billion hostile offer for Potash.

Apple TV: Just a Stepping Stone?

Critics say Apple's Web-to-TV plans could revolutionize living-room entertainment.

GM to Court Investors After Elections

GM's roadshow is reportedly set to begin on Nov. 3 and will last two weeks.

FINANCIAL AND FOREX INFO : REUTERS - BEFORE THE BELL. Sep. 2nd 2010






FROM : REUTERS - BEFORE THE BELL


Stock futures edge up ahead of jobless, housing data
Costco August same-store sales up 7 percent
GM roadshow to begin after elections: sources
Lehman says two units need help to avoid failing
Time Warner Cable, Disney yet to reach deal
ECB holds rates, tipped to extend liquidity lifeline
China digs for ways to stymie BHP's Potash Corp bid
Consumer bankruptcies fell 8 percent in August
SEC probes cancelled trades in flash crash: report
Oil steady near $74 as investors eye U.S. jobs reports