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Sep 6, 2010

Tecnology Alert From WSJ. Sep. 6th., 2010. Oracle Announces that M. Hurd, would become Oo-presidend and , and Board Of Directors Member. Sep. 6th., 2010.

Technology Alert
from The Wall Street Journal

Oracle announced that Mark Hurd would become the software company's co-president and also join its board of directors. Charles Phillips, one of Oracle's current co-presidents, will leave the company.

The move by Mr. Hurd -- who resigned from Hewlett-Packard last month amid a scandal involving a marketing consultant -- will heighten the rivalry between the two Silicon Valley giants.

NYT : Afternoon Business News Update: Housing Woes Bring a New Cry: Let the Market Fall . Sep 6th., 2010


Housing Woes Bring a New Cry: Let the Market Fall

Some economists and analysts urge a dose of shock therapy that would shift benefits to future homeowners from current ones: Let the housing market crash.

9 Years After 9/11, Public Safety Radio Is Not Ready

Despite a $7 billion effort, experts say a nationwide public safety radio system may never become a reality.

Some See a Ploy as Craigslist Blocks Sex Ads

Since blocking its "adult services" ads as the weekend began, Craigslist has refused to discuss its motivations.

Germany Agrees to Extend Life of Nuclear Plants

Germany will extend the life spans of 17 plants while alternative energy sources are developed, which is likely to create windfalls for power companies and the government.

E.U. Chief's Comments Likely to Spark Farm Aid Debate

The European Union's budget chief, Janusz Lewandowski, said Monday that farm aid should be reduced to about one third of all outlays so that funds could flow to research and innovation.

MarketWatch: Special Financial Services: Israel Stocks Flat ...Sep. 6th., . 2010

Israel Stocks: Israel stocks flat; Hapoalim upgraded at BarCap
By Robert Daniel MarketWatch

Israeli stocks are little changed, with Ratio Oil pulling back and Bank Hapoalim rising after an analyst upgrade. 

RTTNews: Morning Market Briefing: U.K. Manufacturing Output, Orders 'Hit Record High'. Sep 6th., 2010

Morning Market Briefing Mon Sep 6 09:01 2010 

Economic News

Sep 6, 2010 U.K. Manufacturing Output, Orders 'Hit Record High' U.K. manufacturing output and orders were "buoyant" between July and September on the back of strong overseas demand, according to a new survey, suggesting growth in manufacturing output should at least continue into the next quarter. Full Article

FINANCIAL & FOREX INFO : Reuters : Before the Bell. Sep. 6th., 2010


Jobs data continues to lift global equities
Obama launches big week on economy
Australia's Macquarie warns on profit
What might make the Fed flinch?
Hon Hai shares fall after reports on sales target cut
IMF's Lipsky says moderate world recovery underway
China Inc gets new chairman as state-owned firms' clout grows
Bankers gather to assure industry is on right track
BP restarts sale of Alaskan assets: report
Taxpayers may face initial loss on GM IPO: sources

MarketWatch: Special Financial Services: : Asian Indexes End Up for 4th. Straight Day. Sep., 2010

Several Asian indexes end up for 4th straight day
By V. Phani Kumar MarketWatch

HONG KONG (MarketWatch) -- Several Asian stock markets advanced for a fourth straight session on Monday after better-than-expected U.S. jobs data eased economic worries and buoyed Wall Street last week. 

NYT: Morning Business News: Former H.P. Chief May Move to Oracle . Sep. 6th., 2010


Some See a Ploy as Craigslist Blocks Sex Ads
Since blocking its “adult services” ads as the weekend began, Craigslist has refused to discuss its motivations.

From Viral Video to Billboard 100
The “Bed Intruder Song” was a rare case of a product of Web culture jumping the species barrier and becoming a pop hit.

Former H.P. Chief May Move to Oracle
For Mark V. Hurd, landing a top position at Oracle would be a quick rebound after a tumultuous exit.

More Business News

WSJ: China Real Time Report :John Woo Honor ed at Venice Film Festival. SEP. 6tyh., 2010

In China, Even Small Cities Spend Big
from the Wall Street Journal Online.

September 6, 2010


John Woo Honored at Venice Film Festival

The Venice Film Festival honored veteran director John Woo at a star-filled celebration, awarding him with the Golden Lion for Lifetime Achievement.

* * *

In China, Even Small Cities Spend Big

A new survey into consumer behavior in China overturns a commonly held belief: China's biggest spenders live in big cities, and small towns, too.

* * *

Bumpy Months Ahead for U.S. and China

Diplomats in Washington and Beijing won't be having a restful five months.

* * *

App Makers Struggle in China

Mobile-app developer 9thQ, like many in China, is faced with a dilemma: While it is more adapted to the Chinese market, it has to release its products on overseas platforms like Apple's App Store or Google's Android Market.

* * *

China Needn't Fear BHP Buying Potash, Exec Says

Investors are keen for signs of whether China fears a BHP Billiton takeover of Potash Corp. enough to try to disrupt it. One industry executive says Beijing need not worry.

Latest WSJ Stories from China

From North Korea, Word of Shortages

North Korea is grappling with food shortages, interviews with defectors and Chinese traders suggest. The privations come on the eve of a meeting that could signal its biggest political transformation in decades. - Video: Boom, Bust at China-North Korea Border - Photos: Quiet Gateway to North Korea

* * *

TPG Sells Stake in Ping An

TPG sold its remaining stake in Ping An Insurance for $1.16 billion in the latest example of how the U.S. company is reaping profits from its investments in Asia.

* * *

China Vanke August Sales More Than Double

China's largest property company said its August property sales more than doubled from a year earlier to $1.76 billion.

* * *

China to Adjust Price-Index Weighting

China's statistics bureau next year will increase the weight of housing-related items and reduce the weighting of food in its official consumer price index.

* * *

China Set on Lowering Property Prices

The Chinese government remains committed to forcing down housing prices, despite worries about a weak global economy and complaints from property developers.

* * *

Ford Sees Expansion in Asia, Africa Markets

The American auto maker expects 70% of its global growth this decade to come from emerging Asia-Pacific and Africa markets, with China and India among the biggest contributors.



Israeli Prime Minister Benjamin Netanyahu says a peace deal with the Palestinians will require a creative, new approach. Deborah Lutterbeck reports. Video Courtesy of Reuters.

Telegraph: Finance : Job Vacancy Decline Knocks Confidence. Sep. 6th., 2010

Figures show there were fewer jobs available last month The confidence of Britain's bosses in the economic recovery could be waning after new figures reveal a decline in the number of job vacancies last month.
RBS is one of the banks which have commissioned the report Britain's six biggest banks have commissioned a report to profile the creditworthiness of their business customers in a bid to break the deadlock with the Government over lending levels.
BA chief Willie Walsh Willie Walsh is thinking Big. BA's Irish born chief executive has drawn up a shortlist of 12 airlines he would like to buy once the merger with Iberia has been completed.
There was a touch of legal drama in the Gulf of Mexico oil disaster yesterday. The 350 tonne, 50 feet high blowout preventer that should have prevented the explosion in the BP oil well, was effectively placed under "arrest" by US authorities.
A group of institutional shareholders is threatening to issue a joint letter demanding the resignation of Harvey McGrath as chairman of Prudential.
Vodafone has launched an international search for a new chairman just six weeks after Sir John Bond overcame an investor revolt that demanded he step down.

MarketWatch: Special Financial Services: Europe Markets : Utilities, Banks drive European Markets Higher. Sep. 6th., 2010

Europe Markets: Utilities, banks drive European markets higher
By Simon Kennedy MarketWatch

European stock markets move higher, adding to payrolls-inspired gains from the previous session. 

European Stocks to Watch: Some strategists rethink European banking shares

By Simon Kennedy MarketWatch

Given worries about a double-dip recession and the threat of tighter regulation, it’s little surprise that banks are the least favored sector among European fund managers, but amid all the negative sentiment, some feel the industry is finally becoming more attractive. 

By Polya Lesova MarketWatch

FRANKFURT (MarketWatch) -- British stocks rose on Monday, extending their gains from the previous session, as better-than-expected U.S. jobs data continued to underpin market sentiment.  

The Washington Post : Today's Headlines & Columnists. Sep. 6th., 2010


More area school cafeterias showing calorie counts
Brianna Lattanzio wound her way through the bustling cafeteria line at her Silver Spring middle school one recent morning, weighing her options. Nutritional information was listed for each of the choices: an Asian-inspired chicken and rice dish (352 calories), vegetarian "chik'n" nuggets (190 cal...
(By Michael Birnbaum, The Washington Post)

Amid economic hardship, a chance to live old dreams
Many struggling with recession have time, incentive to pursue aspirations
(By Steve Hendrix, The Washington Post)

Newspaper's fate hangs on family deal
Amid fraternal rivalry, Moon tries to buy back the Washington Times
(By Ian Shapira, The Washington Post)

More Today's Highlights

Sloan offers Norton a rare primary foe
Douglass Sloan repeatedly makes two points in his underdog campaign to unseat Del. Eleanor Holmes Norton in the Democratic primary: "It's time for a change," and the District's lone position in Congress is being "underutilized."
(By Ben Pershing, The Washington Post)

More Nation

Teenage girl among 3 people shot in NE
Three people, including a teenage girl, were shot Sunday evening in Northeast Washington, authorities said.
(By Martin Weil, The Washington Post)

Amid economic hardship, a chance to live old dreams
Many struggling with recession have time, incentive to pursue aspirations
(By Steve Hendrix, The Washington Post)

September 5
(The Washington Post)

D.C. teacher's transfer seems like revenge
(By Jay Mathews, The Washington Post)

Convicted killer to be resentenced in Fairfax court
Third try at death penalty Va. justices did not order full retrial for Prieto
(By Tom Jackman, The Washington Post)

More Metro

Value Added: Laid off at the top of his game, video producer reinvented himself
Joe Schreiber had the ride of his life for 23 years.
(By Thomas Heath, The Washington Post)

More Business

All-Pro cornerback Darrelle Revis ends holdout, signs with New York Jets
NEW YORK - Darrelle Revis and the New York Jets agreed to a new contract Sunday night, ending the All-Pro cornerback's holdout a week before the season opener.
(By Dennis Waszak Jr., The Washington Post)

Stewart takes his 1st Cup win of the year

Baltimore Orioles are playing the role of spoiler
(By Dan Connolly, The Washington Post)

More Sports

KanKouran celebrates a departed kindred spirit
Typically, a KanKouran performance is a high-octane affair. The West African dance company specializes in a mix of dancing, live drumming and contagious communal spirit that can turn its appearances into a roof-rattling rumpus. Saturday's 27th annual concert, performed at Lisner Auditorium, had to...
(By Sarah Kaufman, The Washington Post)

Newspaper's fate hangs on family deal
Amid fraternal rivalry, Moon tries to buy back the Washington Times
(By Ian Shapira, The Washington Post)

Forsyth's war on drugs: All-out and all fantasy
(By Patrick Anderson, The Washington Post)

Trey Songz at DAR: It was ladies night
(By Chris Klimek, The Washington Post)

They went far and high on their vacations
(The Washington Post)

More Style

Sudden acceleration
THE RESULTS are not definitive, but a preliminary report on sudden acceleration from the National Highway Traffic Safety Administration (NHTSA) has some good news for Toyota Motor Corp. Of the 58 data recorders analyzed by the agency and the company, 35 showed that the brake pedal was not depressed...
(The Washington Post)

Target: Americans
Should U.S. citizens who join forces with al-Qaeda be subject to drone strikes?
(The Washington Post)

Letter of the law?
How a silly rule threatens to silence thousands of Montgomery County voters
(The Washington Post)


Investopedia Term Of The Day: Currency Board. Sep. 6th., 2010

Investopedia Home


Currency Board 

What Does it Mean? A monetary authority that makes decisions about the valuation of a nation's currency, specifically whether to peg the exchange rate of the local currency to a foreign currency, an equal amount of which is held in reserves. The currency board then allows for the unlimited exchange of the local, pegged currency for the foreign currency. A currency board can only earn the interest that is gained on the foreign reserves themselves, so those rates tend to mimic the prevailing rates in the foreign currency. 

WSJ : India News| India Update. Sep. 6th., 2010

September 6, 2010 -- 12:00 p.m.

Rocks, YouTube Fuel Kashmiri Protests
India says the summer's Kashmiri protests are either leaderless demonstrations, or Pakistan-backed provocation. Kashmiri separatist leader Masarat Alam Bhat says they are neither.

Afghans Move to Bail Out Kabul Bank
Afghanistan's government inched closer to bailing out the country's largest bank, setting aside hundreds of millions of dollars that could be used to keep Kabul Bank solvent, officials said.

Expect More for Less from New Insurance Plans
India's much-debated unit-linked insurance plans now have lower charges and longer lock-ins, says Shefali Anand, India personal finance writer.

As Gold Climbs, So Do the Deals
Gold prices are edging up toward a high, at $1,249.20 an ounce, triggering multibillion-dollar deals by miners doubling down on the staying power of bullion's nearly decadelong rally.

Larsen to Build, Run Hyderabad Metro Rail
India's Andhra Pradesh state signed an agreement with engineering company Larsen & Toubro to build and operate a metro rail project in the state capital, Hyderabad.
Apple TV: The Latest of Many Viewing Options
Over the past year, electronics manufacturers, content providers and rental companies have made a number of partnerships that give consumers more viewing options. The new Apple TV, which consumers can order now for delivery this fall, further expands the field.

Rocks, YouTube Fuel Kashmiri Protests
India says the summer's Kashmiri protests are either leaderless demonstrations, or Pakistan-backed provocation. Kashmiri separatist leader Masarat Alam Bhat says they are neither.

Why God Did Not Create the Universe
There is a sound scientific explanation for the making of our world?no gods required. An excerpt from the new book by Stephen Hawking and Leonard Mlodinow.

Rory Medcalf: India Must Master the Great Game
The smart response to brash diplomatic moves from China is a levelheaded one.

Politicians Butt In at Bailed-Out GM
Companies that have received federal support, such as GM, Chrysler and Bank of America, now have the equivalent of 535 new board members -- 100 senators and 435 House members.
Go to Page  India Real Time
Goa Shipping News: Wrecks Still Stuck
As Mumbai continues to clean up the mess left by a collision of two cargo ships a month ago, it should look southwards, down the country's West coast for a good example of how not to do it.

India Journal: Financial Inclusion Helps More Than the Poor
India and its companies can do well by doing good and reaching out to the poor, says Shriram Capital Chair Arun Duggal.

This Week in India: Bank Strike, Eid
Highlights of news and cultural events this week relating to India.

India Digest: New Delhi May Lift AFSPA in Srinagar
Here is a roundup of news from Indian newspapers, news wires and Web sites on Monday, September 6, 2010. The Wall Street Journal has not verified these stories and does not vouch for their accuracy.

What They Said: The Pakistan Cricket Scandal
India Real Time presents a round-up of commentary and analysis of one of the key news events this week, the match-fixing allegations against Pakistani cricketers.

Mineweb: Top Stories:Gold stutters at $1,250 as silver closes on $20. Sep.6th., 2010

TOP STORIES | Monday , 06 Sep 2010                                                     

Gold stutters at $1,250 as silver closes on $20

Gold is finding it tough to break up through $1,250 decisively with profit taking above this level holding it back, but silver's path is looking altogether more positive as it nears $20.    Monday , 06 Sep 2010

India's Essar in the race for Indonesian coal mine

India's thirst for coal remains unabated with several Indian energy firms currently seeking assets across the world. Now the Essar Group has shown interest in Australian Kangaroo's Indonesia coal.    Monday , 06 Sep 2010

Industrial metals - price hiatus ahead

According to the Royal Bank of Scotland, we are now in the second phase of the mining cycle with sideways movement and volatility the name of the game    Friday , 03 Sep 2010

SA govt. ties itself in knots over Sishen iron ore debacle

Is South Africa's Mines Minister engaging in double speak over Kumba/ICT imbroglio over Sishen iron ore prospecting rights?    Friday , 03 Sep 2010

Tata Steel to pump up the volume with Canadian iron ore project

Tata Steel is set to invest in a Canadian firm to ensure raw material security as it builds new plants at Kalinganagar and Chhattisgarh, and plans to expand capacity at Jamshedpur.    Saturday , 04 Sep 2010

Yes, gold can go higher - Frank Holmes

Gold price coud double and some gold stocks triple over the next five years as gold does not look yet to be overbought.    Saturday , 04 Sep 2010

Chinese officials order state firms to explore Potash Corp bid

According to a source with direct knowledge of the matter , as a result of the directive Sinochem is holding meetings with several banks    Monday , 06 Sep 2010

Iron ore cargo ship takes Arctic route, makes history

The MV Nordic Barents, carrying iron ore from Norway to China, is taking the northern most route from Europe to Asia, through the melting ice cap, which is expected to cut 5,000 nautical miles off the trip    Monday , 06 Sep 2010

Do the Chinese really believe the U.S. is selling down its gold reserves?

A Chinese news report has suggested that Central Banks - including the U.S. Fed - may be selling gold. Data do not seem to bear this out, but....    Saturday , 04 Sep 2010

Political, economic announcements boost longer term gold outlook

Previously $1240/oz was a key level of resistance for gold, as it slowly becomes a new support level, the price of the yellow metal is likely to continue to trade higher    Monday , 06 Sep 2010

World top copper miner to cut 3,000 jobs

Chile's Codelco plans to eliminate 3,000 jobs by year end to boost its competitiveness. Unions quiet but warn workers to be on state of alert.    Sunday , 05 Sep 2010

China Metallurgical Group to develop iron ore mine in W. Australia

According to The Australian Financial Review, the miner says, construction on the mine will start in mid-2012 and operations will begin in 2015    Monday , 06 Sep 2010

Bidding war prospects push Andean shares up 12%

Shares in the gold explorer jumped on Monday after Goldcorp launched a C$3.6bn bid for the company, trumping a bid by Eldorado Gold    Monday , 06 Sep 2010

18 steel mills in N. China ordered to close for 1 month - report

The China Securities Journal reported Monday that mills which do not meet state requirements for enviornmental protection and energy savings have been forced to close    Monday , 06 Sep 2010

Double dip concerns bode well for September gold price

August was a bad month for stocks in general, but gold regained its July losses and an upwards trend could foreshadow a new record in September.    Sunday , 05 Sep 2010

Vale, BSGR to help raise Liberian power production to 1,000 megawatts

The country said the two firms are going to rebuild the hydro electric plant on the St. Paul River and have also signed an agreement to ship iron ore through Liberia.    Monday , 06 Sep 2010

Middle Island Resources to list with Newmont as cornerstone investor

Rick Yeates formerly Coffey Mining's GM for strategy has plans to list Middle Island Resources, a junior gold miner, on the ASX    Friday , 03 Sep 2010

Weekend Top Story: Eldorado fumbles Andean Resources play as Goldcorp snatches the prize


Eldorado Gold was prepping for a conference call today to explain its "friendly" $3.2 billion bid for junior Andean Resources when Goldcorp intercepted the pass and apparently scored its goal.    Friday , 03 Sep 2010 

PODCASTS / RADIO                                                     

Gold in September - Frank Holmes : CEO, US Global Investors

As the world enters what is historically a very good period for gold, Frank Holmes takes a look at the reasons why this year should be just as good, if not better

Silver's fundamentals - Michael DiRienzo: executive director, The Silver Institute

A look at some of the factors influencing the strong performance shown by silver

Gold demand trends - Jason Toussaint: MD Investment, World Gold Council

The World Gold Council released its Gold Demand Trends publication for the second quarter of 2010 and highlighted the massive growth in investment demand, including a 414% jump in gold ETFs