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Sep 7, 2010

NASDAQ: Latest Forex News & Commentary. Sep. 7th., 2010

NASDAQ


Latest Forex News



Read more: http://www.nasdaq.com/investing/forex/#ixzz0yu6NSQOw
 

GATA : THE GATA DISPATCH: Do Paper Sellers Have Silver to Deliver /Jim Rickards puts on GATA's tin-foil hat at King World News. Sep. 7th., 2010

Pat Heller: Do paper sellers have silver to deliver?

8:45p ET Tuesday, September 7, 2010
Dear Friend of GATA and Gold (and Silver):
In new commentary at Numismaster, Pat Heller of Liberty Coin Service in Michigan reviews hints of a silver shortage in the commodity futures markets. Heller's commentary is headlined "Do Paper Sellers Have Silver to Deliver?" and you can find it at Numismaster here:
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=137...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Jim Rickards puts on GATA's tin-foil hat at King World News

9a ET Tuesday, September 7, 2010
Dear Friend of GATA and Gold:
In a fascinating essay written exclusively for King World News, Omnis Inc.'s senior vice president for market intelligence, Jim Rickards, says Treasury bonds are the new opium in the West's trade war with China. Perhaps more interesting for GATA supporters, Rickards goes on to concur more explicitly than ever with GATA on gold market manipulation. He writes:
"But there is another way to rebalance the world economy. Simply return the dollar to the gold standard and let the Chinese trade their maturing Treasury obligations for U.S. gold, if they wish, as was done under the Bretton Woods system. Critics will quickly point out that this would represent a bargain-basement sale of America's most valuable financial asset, and they would be right. But this is not because the idea is flawed but because the price of gold is kept artificially low by central banks operating through their fiscal agents at the Bank for International Settlements and the London Bullion Market Association. So let's do a thought experiment on what the market-clearing price of gold should be given global trade imbalances."
Rickards goes on to explain why the market-clearing price of gold is probably close to $40,000 per ounce.
Rickards may be the best-informed market analyst around, so GATA is especially thrilled to see him wearing one of our tin-foil hats.
His essay is headlined "Treasury Bills: The New Opium" and you can find it at King World News here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/9/7_Jim...
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
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Thursday-Friday, October 21-22, 2010
Davenport Hotel, Spokane, Washington
http://www.silversummit.com/

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BBC BUSINESS : Breaking News EU's Barroso laments jobs crisis. Sep 7tn . 2010.


7 September 2010 Last updated at 23:58 GMT

Clouds over the Capital building, Washington DC

Obama to back company tax breaks

President Obama is to call for company tax breaks in his bid to regain the initiative as mid-term elections loom.


European Commission President, Jose Manuel BarrosoEU's Barroso laments jobs crisis

The European Commission President, Jose Manuel Barroso, highlights unemployment as a major challenge, in his first "state of the union" speech.

NYT :News Alert: Obama Rules Out Compromise to Extend Bush-Era Tax Cuts for Wealthy


Breaking News Alert
The New York Times
Tue, September 07, 2010 --
-----
Obama Rules Out Compromise to Extend Bush-Era Tax Cuts for Wealthy
President Obama will rule out on Wednesday any compromise
that would extend the Bush-era tax cuts for the wealthy
beyond this year, officials said, adding a populist twist to
an election-season economic package that is otherwise
designed to entice support from big businesses and their
Republican allies.
Mr. Obama's opposition to allowing the high-end tax cuts to
remain in place for even another year or two would be the
signal many Congressional Democrats have been awaiting as
they prepare for a showdown with Republicans on the issue and
ends speculation that the White House might be open to an
extension.
Read More:
http://www.nytimes.com/2010/09/08/us/politics/08obama.html?emc=na
-----
Now get New York Times breaking news alerts sent to your mobile phone.
Sign up by texting NEWSALERTS to 698698 (NYTNYT).
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FOX BUSINESS : Breaking Business News: HP Files Suit to Block Hiring. Sep.7th., 2010

HP Headquarters 276
HP Files Suit to Block HiringOracle announced it's hired HP's ousted CEO Mark Hurd, but Hurd's former employer has now filed a lawsuit against him.
THE MOST POWERFUL NAME IN BUSINESS NEWS

Europe Squashes Four-Day Streak

The Dow sank more than 100 points as Wall Street’s European sovereign debt headache returned.

Pandit Meets With Investors

As controversy continues to swirl over his bank's practices, Citigroup CEO Vikram Pandit is hosting a lunch today with major investors. | WATCH

The Jobs Drought Endures

Will President Obama's efforts to create jobs end up causing more harm than good?

NFA : Notice to Members: Effective Date of Changes to the Risk Disclosure Statement for Security Futures Contracts





Notice to Members I-10-18
September 7, 2010


Effective Date of Changes to the Risk Disclosure Statement for Security Futures Contracts
An amendment to NFA's Interpretive Notice entitled "NFA Compliance Rule 2-30(b): Risk Disclosure Statement for Security Futures Contracts" will become effective on October 7, 2010. NFA Compliance Rule 2-30(b) requires Members and Associates who are registered as brokers or dealers under Section 15(b)(11) of the Securities Exchange Act of 1934 to provide a Risk Disclosure statement regarding the risks of trading security futures products (SFPs) to a customer at or before the time the Member approves the account to trade security futures products.
The Risk Disclosure statement, which is set forth in the Interpretive Notice, describes the features of a security futures product as those features existed in 2002. Recently, One Chicago LLC (OCX), an exchange listing security futures products, developed and plans to list a new class of security futures products whose dividend feature differs from the dividend feature described in the Risk Disclosure statement. Prior to this amendment, the Risk Disclosure statement provided that there are generally no adjustments for ordinary dividends because they are already accounted for in the pricing of the SFP. However, OCX's new product offering will adjust for any declared dividends because the dividend is not accounted for in the pricing of the security futures product.
In order to ensure that the Risk Disclosure statement accurately reflects the dividend feature of this new product, the third paragraph of "Section 8.1 Corporate Events" of the Risk Disclosure statement will be amended to indicate that price adjustments for ordinary dividends may be made for a specified class of security futures contracts based on the rules of the exchange and clearing organization. The amended paragraph will read as follows:

    "Corporate issuers also occasionally issue special dividends. A special dividend is an announced cash dividend payment outside the normal and customary practice of a corporation. The terms of a security futures contract may be adjusted for special dividends. The adjustments, if any, will be based upon the rules of the exchange and clearing organization. In general, there will be no adjustments for ordinary dividends as they are recognized as a normal and customary practice of an issuer and are already accounted for in the pricing of security futures. However, adjustments for ordinary dividends may be made for a class of security futures contracts based on the rules of the exchange and the clearing organization."
Members and Associates must distribute a copy of the amended third paragraph of "Section 8.1 Corporate Events" to all customers that have been approved to trade SFPs no later than the time a confirmation of a transaction is delivered to a customer who enters into an SFP transaction. Therefore, Members may comply with this requirement in various ways including, but not limited to, mailing or emailing the amended language either to all its customers previously approved to trade security futures or to a customer not later than the time a confirmation of an SFP transaction is delivered to the customer. Members and Associates may access the new language at http://www.nfa.futures.org/news/PDF/CFTC/Interpretive_Notice_Risk_Disclosure_Statement_Amended_Language.pdf.
In addition, Members and Associates must provide the revised Risk Disclosure statement to all new customers at or before the time the Member approves the account to trade SFPs. A revised copy of the Risk Disclosure statement may be downloaded at http://www.nfa.futures.org/NFA-compliance/publication-library/security-futures-disclosure.pdf.
More information on NFA's amendment to NFA's Interpretive Notice entitled "NFA Compliance Rule 2-30(b): Risk Disclosure Statement for Security Futures Contracts" can be found in NFA's July 8, 2010 Submission Letter to the CFTC. Questions concerning these changes should be directed to Sharon Pendleton, Director, Compliance (spendleton@nfa.futures.org or 312-781-1401) or Carol Wooding, Associate General Counsel (cwooding@nfa.futures.org or 312-781-1409).

MarketWatch Personal Finance Daily. Workers are stressed, but at least they have a job. Sep. 7th., 2010

MarketWatch
Personal Finance Daily
SEPTEMBER 07, 2010

Tuesday's Personal Finance stories

By MarketWatch



Don't miss these top stories:
Has your job changed in the past few years? As many employers trimmed -- or slashed -- their payrolls, that's led to more work and stress for the workers who didn't lose their jobs. But perhaps this is some consolation: Your employer knows how you feel, according to a new survey out today.

Among firms worldwide, U.S. companies were the likeliest to say they had cut costs during the recession, and a good portion of those surveyed said their employees are more stressed as a result. Companies also said pay has been flat for the past few years. Read Ruth Mantell's Diary of a Recession Baby today for more about employers' view of what workers are facing right now.

Speaking of stress, don't miss our story on a new survey listing the top 10 most stressful and top 10 least stressful U.S. cities. Which list is your city on?

One metric that survey uses to determine whether a city is stressful or not is its unemployment rate, because, obviously, it's a lot more stressful to lose a job than it is to keep one. That's the real consolation for workers these days.

--Andrea Coombes , Personal Finance editor

Cost cuts squeeze, stress U.S. workers

Stressed at work? Your employer knows how you feel -- at least, some companies say they do.
See Diary of a Recession Baby on cost cuts squeeze, stress U.S. workers.


Employers' hiring plans hold the line: Manpower

Employers' hiring plans for the upcoming fourth quarter stayed about flat from the previous quarter, but are up significantly from a year ago, according to the latest Manpower Employer Outlook survey published Tuesday.
See story on employers' hiring plans hold the line: Manpower.


REAL ESTATE

Detroit tops list of most stressful cities

Detroit is the most stressful U.S. city in which to live, according to Portfolio.com's list of places where residents are most frazzled.
See story on Detroit tops list of most stressful cities.


CONSUMERS

New rules protect consumers from debt-relief scams

Consumers will be protected from debt-settlement companies that charge hefty upfront fees and make questionable claims, thanks to new government rules that take full effect in late October.
See story on new rules protect consumers from debt-relief scams.


CARS

The 2010 Toyota Prius: No better gas sipper

With its software problem fixed, the Toyota folks were quick to OK an extended road test for one of the stingiest gas sippers in the land -- the reworked 2010 Prius. (Reader note: The 2011 Prius will be virtually identical to the 2010 car tested.)
See story on 2010 Toyota Prius: No better gas sipper.


INVESTING

Commentary: Advisers who do well in up or down markets

This month marks the two-year anniversary of Lehman Brothers' bankruptcy. Immediately in the wake of that bankruptcy, of course, the economy entered into a crippling credit crunch and the stock market went over a cliff.
See story on advisers who do well in up or down markets.


Commentary: Big fund firms could be the next ETF stars

A recent study looking at the present state of the exchange-traded fund business offers a window on its future.
See story on big fund firms could be the next ETF stars.


Copper, currency gains fuel Chile ETF's rally

A rebound in copper prices and a strengthening local currency have pushed an exchange-traded fund tracking Chilean stocks into the top ranks of the emerging markets category.
See story on copper, currency gains fuel Chile ETF's rally.


Commentary: Don't deposit your money into Citigroup shares

A lot of investors, looking for bargains and rebounds in the market, seem to be confusing "too big to fail" with "so big they're safe."
See story on don't deposit your money in Citigroup shares.


ECONOMY & POLITICS

Obama planning infrastructure and R&D tax push

President Barack Obama will later this week announce a plan to speed business-tax write-offs, published reports said, building on a plan announced over the weekend to spend $50 billion on infrastructure.
See story on Obama planning infrastructure and R&D tax push.


Obama lays out $50 billion infrastructure proposal

President Barack Obama unveiled Monday a $50 billion plan to upgrade the nation's roads, airports and railways, choosing a Labor Day rally in Milwaukee to announce the administration's latest proposal to revive the economy.
See story on Obama lays out $50 billion infrastructure proposal.


U.S. should borrow to fund massive stimulus, economist says

Noted economist and financial author Richard Duncan says the U.S. should take advantage of low interest rates to fund a massive push into technological research, as only stimulus will be able to save the economy.
See story on U.S. should borrow to fund massive stimulus, economist says.


Commentary: Forget going green - Earth doesn't care

Cover story: "The Earth Doesn't Care If You Drive a Hybrid!" Or recycle. Or eat organic food. Or live in a green house powered by solar energy. Or squander commodities. The Earth just doesn't care how much you waste.
See story on forget going green - Earth doesn't care.


TAXES

Tax changes are coming

The tax code is going to change come Dec. 31, thanks to the expiration of the Bush-era cuts but also because some of the stimulus tax breaks are ending. Andrea Coombes looks at some of the likely adjustments in her Personal Finance Minute.
 Watch video on tax changes are coming.

CNBC Evening Brief : HP Sues Hurd, Claims New Post Imperils Trade Secrets. Sep. 7th., 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

RTTNews: Evening Market Wrap Stocks See Notable Losses To Open Shortened Week - U.S. Commentary .

Evening Market Wrap Tue Sep 7 17:01 2010 

Commentary

Sep 7, 2010 Stocks See Notable Losses To Open Shortened Week - U.S. Commentary Stocks fell by sharp margins to open the Labor Day-shortened week on Tuesday, as profit taking following last week's gains drove the major averages down off of their best closing levels in three weeks. Nonetheless, the pullback came on low volume, with many traders staying away from their desks following the three-day weekend. Full Article

Earnings News

Sep 7, 2010 Coca-Cola Enterprises Boosts 2010 Profit Outlook Coca-Cola Enterprises, Inc. (CCE), the largest bottler of Coca-Cola (KO) beverages, on Tuesday raised its earnings per share outlook for the full-year 2010, despite sluggish U.S. sales. The Atlanta, Georgia-based company currently expects full-year 2010 earnings in a range of $1.78 to $1.82 per share. Full Article

Corporate News

Sep 7, 2010 Idenix Shares Plunge As FDA Puts Hepatitis C Drugs On Clinical Hold - Update Idenix Pharmaceuticals, Inc. (IDIX) Tuesday revealed the receipt of a verbal notice on September 3 from the U.S. Food and Drug Administration placing a clinical hold on the company's IDX184 and IDX320 programs in hepatitis C virus-infected patients. Following news, the company's shares plunged nearly 48% in pre-market activity, and continue to trade lower currently on the Nasdaq. Full Article
Sep 7, 2010 HSBC Chairman To Step Down To Become UK Trade Minister - UpdateU.K.- based lender HSBC Holdings plc (HBC, HSBA.L) Tuesday said its Board has agreed that Stephen Green would step down as Chairman of the company before the end of the year, in order to accept Prime Minister David Cameron's invitation to become Minister of State for Trade and Investment in January 2011. Full Article
Sep 7, 2010 Beckman Coulter Chairman, President, CEO Scott Garrett Steps Down - Update Beckman Coulter, Inc. (BEC), a provider of biomedical testing products, Tuesday stated that its Chairman, President and Chief Executive Officer Scott Garrett has resigned effective September 6. Robert Hurley has been named the company's interim President and Chief Executive Officer. Full Article

Forex Top Story

Sep 7, 2010 Dollar Falls Further To Fresh 1995 Low Against Yen The buck touched a fresh 15-year low versus the yen as renewed jitters about Europe's banking system led to increased risk aversion. Traders shrugged off another tepid effort by the Bank of Japan to address the rapid ascent of the yen and bolster the world's third largest economy. Full Article

Political News

Sep 7, 2010 Gibbs Defends President's Plan To Only Extend Middle Class Tax CutsResponding to questions regarding an op-ed by former White House budget director Peter Orszag that called for a two-year extension of all the Bush-era tax cuts, White House Press Secretary Robert Gibbs reiterated President Barack Obama's desire to allow the tax cuts for the wealthiest Americans to expire. Full Article

NYT: Afternoon Business News. Sep.7th., 2010


      

BUSINESS :

   

Barclays Elevates Diamond to C.E.O.

 
By JULIA WERDIGIER and MICHAEL J. DE LA MERCED
The British bank named Robert E. Diamond Jr. to succeed John Varley, as Barclays seeks to keep up its rapid growth amid tougher competition.

HSBC Chairman to Take British Government Post

 
By JULIA WERDIGIER
Stephen K. Green is leaving his position as chairman of HSBC to become Britain's minister for trade and investment, the bank said Tuesday.

Wall Street Starts Week but Turns Lower

 
By CHRISTINE HAUSER
Concerns about the health of banks resurfaced in Europe as finance ministers met to consider a new levy on lenders.

European Official Wants Bonds to Pay for Infrastructure Projects

 
By STEPHEN CASTLE
José Manuel Barroso, the European Commission president, outlined the need for fresh forms of financing to underpin building projects, asserting that the economic recovery was "gathering pace,

Bank Note Maker Being Investigated in Britain

 
By DAVID JOLLY
De La Rue, which helps produce paper currency for 150 countries around the world, said the British authorities had been called in to investigate "deliberately falsified" tests on paper used to make bank notes.

FINANCIAL & FOREX INFO :REUTERS DAILY INVESTOR UPDATE..Sep. 7th., 2010

FINANCIAL & FOREX INFO


FROM : REUTERS -  DAI


Market falls amid Europe bank worries
HP sues to stop ex-CEO Hurd joining Oracle
Sinochem approaches Temasek on Potash bid
Congress Republicans wary of Obama economy plan
Google to start TV service in U.S. this autumn
SEC probes "quote stuffing" practices: Schapiro
Coke Enterprises raises earnings forecast
Final Basel reform goes to oversight body
All change at the top for UK banks Barclays and HSBC
Enterprise Products to buy Enterprise GP for $8 billion



FINANCIAL & FOREX INFO : Reuters - U.S. Top News. Obama kicks off campaign with infrastructure plan. Sep 7th., 2010




FROM : REUTERS -  U.S. TOP NEWS

Obama kicks off campaign with infrastructure plan
Storm Hermine moves into south Texas
Australia's Gillard scrapes back to power
Six months on, little progress in Iraq govt talks
China seeks to avoid shouting matches with U.S.
U.S. Afghanistan commanders condemn Koran-burning plan
U.N. watchdog says Iran boosts nuclear work
Pakistani Taliban threaten more suicide attacks
Israel PM sees deal possible in year: spokesman
Guatemala resumes rescue work after landslide

Trader Planet: Featured Articles:Technical Traders Should Still Examine Fundamentals. Sep. 7th., 2010


Featured Articles
Technical Traders Should Still Examine Fundamentals
by Jim Wyckoff

Those who have read my features know I base the vast majority of my trading decisions on technical indicators and chart analysis--and also on market psychology. However, I do not ignore certain fundamentals that could impact the markets I'm trading. Neither should you. In this feature I'd like to...

More »



Trade Through Mindfulness - Part 2
by Van K. Tharp, Ph.D.

Last week, I raised an interesting idea for you. What would happen if you could just pay attention to what the market is doing right now? What if you could just be totally in the present with no preconceived ideas or biases to influence you. Quite likely, trading that way would take your results ...

More »

Don't Just Do Something----Sit There!
by Janice Dorn, M.D., Ph.D.

  One great mistake the man makes who watches the ticker all the time is that he trades too often... William D. Gann The most difficult thing for traders to do is to sit there and wait. Why? In part because we live in a society that is on a hypomanic dopamine binge. This is never more clearly m...

More »

RTTNews: Daily Market Analysis: Traders May Show Caution After Last Week's Run-up - . Sep. 7th., 2010

Daily Market Analysis Tue Sep 7 09:11 2010 

Sep 7, 2010 Traders May Show Caution After Last Week's Run-up - RTTNews Daily Market Analysis The major U.S. index futures are pointing to a lower opening on Tuesday, with sentiment reflecting the return of skepticism, especially after stocks ran up sharply in the previous week in the wake of some encouraging economic data. Global cues aren't encouraging, as the Asian stocks showed tentativeness, while the European markets are receding sharply after reports suggested that recent European stress test results understated government debt holdings of banks. In the absence of any major catalysts, stocks may show a lack of direction and may at the best see some consolidation move. Full Article

FOX BUSINESS : Breaking Business News: Negative Start for Stocks. Sep 7th., 2010

06-30-10 Traders 01 276
Negative Start for StocksWall Street returned from the holiday on Tuesday by opening modestly lower amid a sharply weaker euro and continued economic concerns.
THE MOST POWERFUL NAME IN BUSINESS NEWS

Treasury Plans Warrant Auctions

The Treasury Department announced plans to unload warrants it received in insurers Hartford Financial and Lincoln National as part of the TARP bailout.

Former H-P CEO Gets New Gig

Mark Hurd, who was recently ousted at Hewlett-Packard, will become co-president at Oracle.

Diamond to Become Barclays CEO

The British bank said Bob Diamond will replace Chief Executive John Varley at the end of March.

French Unions Strike Over Pensions

French trade unions held strikes and big street marches over unpopular pension reforms that President Nicolas hopes to implement.

MarketWatch: Special Financial Services: Asia steelmakers rise as Japanese exporters drop

MarketWatch
SPECIAL FINANCIAL SERVICES
 
Asia steelmakers rise as Japanese exporters drop
 
By V. Phani Kumar MarketWatch


Asian stock markets turn in mixed results, as declining exporters weigh on Japanese shares, while steelmakers climb on expectations of higher prices. See full story


RTTNews : Morning Market Briefing: Stocks Poised For Moderate Pullback To Open Shortened Week - U.S. Commentary . Sep. 26., 2010

Morning Market Briefing Tue Sep 7 09:01 2010 

Commentary

Sep 7, 2010 Stocks Poised For Moderate Pullback To Open Shortened Week - U.S. Commentary Stocks are on pace to open moderately lower on Tuesday following the Labor Day weekend, as traders may do some profit taking following last week's gains amid a lack of first-tier economic reports. The major index futures are all in negative territory, with the Dow futures down by 59 points. Full Article

Economic News

Sep 7, 2010 Smattering Of Positive Data Vouch For Continuation Of RecoveryHiring continued in the private sector in the U.S., although the pace of job addition is not very encouraging enough. Full Article
Sep 7, 2010 German Factory Orders Drop Most Since Feb. 2009 As the firm support from external demand disappeared in July, German factory orders logged its biggest fall since February 2009. Full Article
Sep 7, 2010 U.K. Retail Sales Climb On Back To School Shopping Back to school and autumn clothing gave U.K. retail sales a lift last month, according to a new British Retail Consortium survey. However, the group warned retailers to expect tough months ahead given the fragile state of confidence among consumers. Full Article
Sep 7, 2010 Bank Of Japan Holds Rates, Pledges Timely Action The Bank of Japan maintained its key interest rate at near-zero at the end of its two-day policy meeting on Tuesday. It also promised to take more policy actions if judged necessary to kick start the deflation-ravaged economy. Full Article
Sep 7, 2010 Reserve Bank Of Australia Holds Rates Steady At 4.5% Australia's central bank decided on Tuesday to hold its cash rate steady offering businesses and households a reprieve for the fourth month running. The decision comes amid a more uncertain global outlook, with inflation relatively stable. Full Article

Earnings News

Sep 7, 2010 Coca-Cola lifts FY10 EPS viewTuesday, Coca-Cola Enterprises Inc. (CCE) raised its fiscal 2010 earnings outlook. The company expects negative currency impact of about 7 cents a share. The current estimate of analysts lies near the top end of the company's outlook range. Coca-Cola also said it anticipates revenue growth of 4% to 6%, on the back of strong growth opportunity in Europe. Full Article
Sep 7, 2010 Casey's General Stores Q1 profit declines on higher costs, meets StreetTuesday, Casey's General Stores Inc. (CASY) reported a 15.6% drop in profit for the first quarter, hurt by a 15.1% increase in operating costs and legal and advisory fees pertaining to the evaluation of the unsolicited offer by Alimentation Couche-Tard Inc. Revenue for the period grew 14.6% year-over-year on improved sales of all products, including gasoline, grocery and prepared food. Both earnings and revenue came in line with the Street view. In addition, the company said it agreed to acquire 52 more stores by the end of the calendar year. Full Article

Corporate News

Sep 7, 2010 Beckman Coulter CEO Scott Garrett resignsTuesday, Beckman Coulter Inc. (BEC) said Scott Garrett has resigned as chairman, president and chief executive officer, effective September 6, 2010. Garrett would continue as a full-time non-executive employee of the company through January 15. The bank, which appointed Robert Hurley interim President and CEO, has begun its hunt for a new CEO. Full Article
Sep 7, 2010 Air products raises bid for AirgasMonday, Air Products & Chemicals Inc. (APD) sweetened its bid for Airgas Inc. (ARG) to $65.50 a share in cash, up from a previous offer of $63.50, which Airgas rejected in July. The offer was lower than Airgas' Friday close of $66.67. Air Products said the new bid was contingent on the election of its board nominees at the target company's annual meeting on September 15. Full Article
Sep 7, 2010 Oracle names former HP CEO Mark Hurd as Co-PresidentMonday, Oracle Corp. (ORCL) said Mark Hurd, who was recently expelled as CEO of Hewlett-Packard Co. (HPQ) over sexual harassment allegations, joined HP as co-president and a director. Hurd replaces Charles Phillips, who resigned from the positions. In his role, Hurd will report to Oracle CEO and long-time friend Larry Ellison. Full Article
Sep 7, 2010 Barclays names its investment banking head Robert Diamond as next CEOTuesday, Barclays plc (BCS) named Robert Diamond Jr. as its chief executive officer, succeeding John Varley, who is stepping down from the position March 31, 2011. Diamond is currently President and Head of its investment banking business. He would assume the post of Deputy Group Chief Executive from October this year. Barclays also revealed that Jerry del Missier and Rich Ricci will become Co-Chief Executives of Barclays Capital, effective October 01 in addition to their current roles of Co-Chief Executives of the Corporate and Investment Bank. Full Article

Broker Ratings Changes

Sep 7, 2010 FBR Capital Markets Lifts Pioneer Natural Resources Co. (PXD) To Outperform From Market Perform With $85 Up From $60 Price Target

Todays WS Events

Sep 7, 2010 PepsiCo To Present At Barclays Capital Back-to-School Consumer Conference; Webcast At 9:45 AM ET PepsiCo, Inc. (PEP) will present at the Barclays Back-to-School Consumer Conference in Boston, on September 7, 2010. The event is scheduled to begin at 9:45 AM, ET. To access the live webcast, log on at www.pepsico.com/Investors
Sep 7, 2010 Analog Devices To Present At Citigroup Global Technology Conference; Webcast At 9:45 AM ET Analog Devices Inc. (ADI) will present at the Citigroup Global Technology Conference in New York, NY. The event is scheduled to begin at 9:45 AM ET, September 7, 2010. To access the live webcast, log on to investor.analog.com
Sep 7, 2010 Microsoft To Present At Citi Global Technology Conference; Webcast At 12:00 PM ET Microsoft Corp.(MSFT) will present at the Citi Global Technology Conference. The event is scheduled to begin at 12:00 PM ET September 7, 2010. To access the live webcast, log on at www.microsoft.com/investor
Sep 7, 2010 Colgate-Palmolive To Present At The Barclays Capital Back-to-School Consumer Conference; Webcast At Colgate-Palmolive (CL) will present at the Barclays Capital Back-to-School Consumer Conference, on September 7, 2010. The event is scheduled to begin at 12:45 PM, ET. To access the live webcast, log on at www.colgate.com
Sep 7, 2010 Advanced Micro Devices To Present At Citi Technology Conference; Webcast At 2:10 PM ET Advanced Micro Devices Inc. (AMD) will make a presentation at the Citi Technology Conference in New York. The event is scheduled to begin at 2:10 PM ET, September 7, 2010. To access the live webcast, log on at http://ir.amd.com