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Sep 13, 2010

FINANCIAL & FOREX INFO : Reuters - Daily Investor Update. SEP 13th., 20110




FROM : REUTERS - DAILY INVESTOR UPDATE 

Banks lift S&P to highest level since
 Basel eases capital fears, top banks in spotlight
HP to pay $1.5 billion for security firm ArcSight
Intel's Sandy Bridge on track, eyes smartphones
Judge sentences ex-IBM exec to 6 months prison
Tribune creditors want to pursue Zell over LBO
IMF urges stimulus to help "dire" job market
BP sees oil spill claims below $20 billion: analysts
U.S. posts $90.53 billion budget deficit in August
Thomson Reuters to launch next generation desktop











MarketWatch : Personal Finance Daily : Keeping the bedbugs at bay. Sep. 13th., 2010

MarketWatch
Personal Finance Daily
SEPTEMBER 13, 2010

Monday's Personal Finance stories

By MarketWatch



Don't miss these top stories:
Pest-control companies say bedbug infestations are on the rise, and there are plenty of news stories about hotels, retail stores and movie theaters finding evidence of the critters.

The good news is that the likelihood of bringing the bugs home is still quite low, and there are steps you can take to make an infestation even less likely.

Read Amy Hoak's Home Economics column for more on how to avoid a pest infestation at home -- and what to do about one if it does happen. Also, don't miss Amy's Travel piece on how to prevent the bugs from hitching a ride in your luggage when you're traveling.

-- Andrea Coombes , Personal Finance editor

Bedbugs are biting in more American homes

The best way to deal with bedbugs: Never let them in the house. However, as these tiny bugs infest homes and hotel rooms, and pop up in movie theaters, store dressing rooms and office buildings, a random brush with a bedbug may happen -- and it can turn a household upside down.
See story on bedbugs are biting in more American homes.

TRAVEL

Check for bedbugs, and don't bring them home

Reports of bedbug infestations are on the rise, and that's news to strike fear into the hearts of frequent travelers. Here are tips to help you avoid bringing bedbugs home when you travel.
See story on check for bedbugs, and don't bring them home.

Airline tarmac delays dip; cancellations rise

The number of tarmac delays among scheduled flights that exceeded three hours fell sharply in July from a year ago while cancellations rose modestly, the Transportation Department said Monday.
See story on airline tarmac delays dip; cancellations rise.

CARS

2011 Porsche Boxster Spyder

Whether this car is for you depends on what you're looking for. True Boxster fans might call it the ultimate sports car, while others might say the steps taken to reduce the weight of the car -- it weighs 176 pounds less than the standard model -- are a bit too much to take.
Read about 2011 Porsche Boxster Spyder: best Porsche yet.

CONSUMER BANKING

New bank rules mean higher consumer costs -- eventually

Consumers will face higher borrowing costs in coming years now that financial institutions must raise capital to meet new levels set by global regulators this week.
See story on new bank rules mean higher consumer costs -- eventually.

COLLEGE SAVINGS

How to avoid a college-savings wipeout

You have heard a thousand times that you can't time the market. But when you are investing for college, timing is everything.
See story on how to avoid a college-savings wipeout.

INVESTING

U.S. banks may hike dividends in wake of Basel rules

U.S. banks may start paying dividends again, or increase payouts, after new rules from the Basel Committee on Banking Supervision provided more certainty about capital levels in the industry, analysts said Monday.
See story on U.S. banks may hike dividends in wake of Basel rules.

How to invest in three hot emerging-market sectors

President Barack Obama this week proposed spending $50 billion to improve the nation's roads, railways, airports and other infrastructure needs. But to really play this promising theme, investors should look to emerging markets.
Read about how to invest in three hot emerging-markets sectors.

Commentary: These mutual funds are bridges to nowhere

Plenty of investors are unhappy with their mutual funds. One thing that might make a shareholder happy is if a fund waives its fees or even pays investors back when performance is ugly. As much as that might be a feel-good move, it's really a sign that something beyond the fees needs to change about the fund.
See Stupid Investment of the Week on these mutual funds are bridges to nowhere.

Silver ETF rallies to close near record high

A popular exchange-traded fund tracking silver prices has muscled ahead of its gold rivals and is within striking distance of its 2008 high, reflecting the powerful influence ETF demand is having on the rally in precious metals.
See story on silver ETF rallies to close near record high.

FAMILY FINANCE

Magic number for happiness: $75,000 a year

Money can't buy happiness, but a study shows that we can earn it. The study, which analyzed Gallup surveys of 450,000 Americans in 2008 and 2009, suggests that there were two forms of happiness: day-to-day contentment and overall satisfaction with one's place in the world. While a higher income brings little day-to-day contentment, it does boost people's overall satisfaction.
Read more on the magic number for happiness: $75,000 a year.

Our past purchases: Were they junk or not?

I don't like confronting the ghosts of my past indiscretions, so I'd avoided the skeletons in our family room's wall-to-wall closets. Skeletons of old personal computers, that is, along with dead printers and zombie monitors and writhing tangles of old cables.
Read more on our past purchases: Were they junk or not?

TAXES

Estate-tax uncertainty will drag for a while

The highly controversial federal estate tax -- known by its many foes as the death tax -- is down, but by no means out. It fell to zero this year, but is due to come roaring back in 2011 with a $1 million exemption for each taxpayer and a tax rate of 55% for most estates.
See Marshall Loeb on estate-tax uncertainty will drag for a while.

How to play the tax wars

Not since the Great Depression has Congress had so much tax work to do in so little time. From the income tax to the estate tax, from the alternative minimum tax to levies on capital gains and dividends plus much more, nearly every area of individual taxes is in limbo. Come January, for example, the top federal rate on dividends could be as low as 15% or, if nothing is done, as high as 40%.
See story on how to play the tax wars.

Congress returns with tax cuts front and center

Congress returns this week for a brief pre-election session as a debate rages over extending the George W. Bush-era tax cuts, and the top House Republican said he'd support extending middle-class tax breaks if he can't get cuts for high-income earners.
See story on Congress returns with tax cuts front and center.

DISASTER

State regulator orders PG&E to check all gas pipes

California utility regulators have ordered PG&E Corp. (PCG) to conduct an "integrity assessment" of its natural-gas pipelines following last week's deadly explosion in San Bruno, a San Francisco suburb.
See story on state regulator orders PG&E to check all gas pipes.

ECONOMY & POLITICS

U.S. runs deficit of $91 billion in August, Treasury says

The U.S. government's budget deficit was $91 billion in August, the Treasury Department said Monday, as the federal government again spent more than it brought in.
See story on U.S. runs deficit of $91 billion in August, Treasury says.

Consistency is this economist's goal

Trying to accurately forecast economic data is a good way to stay humble, says economist Spencer Staples. Even the best miss all the time.
See MarketWatch's forecaster of the month.

CNBC : This Week on The Street . Sep. 13th., 2010

Investor Brief

September 13, 2010
This week is going to be a busy one on Wall Street. There are a bevy of economic reports on tap that will give us a closer look at the economy’s progress. The stock market has been off to a pretty good start this month, but as we all know, September is notorious for being a sour market month. And if the economic reports aren’t good, this may be the week the market starts to show its true colors.
No matter what happens this week, one thing is for sure: Wall Street experts will continue to argue what has turned into the Street’s “great debate”—recession vs. recovery. The rhetoric heated up a bit at the global Ambrosetti Forum in Lake Como, Italy, where I moderated some of the panel discussions.
There was no shortage of conflicting views on where the U.S. economy is headed. We’ll talk more about this below, but first let’s take a look at the key economic reports we’ll be watching for this week.
Maria's signature



THIS WEEK ON THE STREET  WITH:
MARIA BARTIROMOS


BartiromoNewsLetter(2)

CNBC : Evening Brief : Ending Bush Tax Cuts Will Hurt Economy: Goldman Analyst. Sep. 13th., 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 Rally Following New Banking Rules, Continued M&A Activity - U.S. Commentary. Sep. 13th., 2010

Evening Market Wrap Mon Sep 13 17:06 2010 

Commentary

Sep 13, 2010 Stocks Rally Following New Banking Rules, Continued M&A Activity - U.S. Commentary Stocks rose by notable margins to open the week on Monday, as less rigorous than anticipated bank capital requirements from the latest Basel summit and continued activity on the merger-and-acquisition front prompted significant buying interest. Full Article

Economic News

Sep 13, 2010 U.S. Budget Deficit Narrows To $90.5 Billion In August Monday afternoon, the Treasury Department released its report on the U.S. budget in the month of August, showing that the budget deficit came in slightly narrower than economists had been expecting. Full Article

Corporate News

Sep 13, 2010 LabCorp To Buy Genzyme's Genetic Testing Unit For $925 Mln Cash - Update Laboratory Corp. of America Holdings or LabCorp (LH) Monday announced a definitive deal to acquire Genzyme Genetics, the genetic testing unit of biopharmaceutical firm Genzyme Corp. (GENZ), for $925 million in cash. The transaction is expected to close before the end of the year. Full Article
Sep 13, 2010 Magna International Co - CEO Siegfried Wolf Resigns - Update Canadian auto parts supplier Magna International Inc. (MGA, MG_A.TO) said Monday that its Co-Chief Executive Officer Siegfried Wolf has resigned as a Director and Officer effective November 15. The company's board has accepted the resignation and confirmed that Donald Walker would be its sole Chief Executive Officer. Full Article

Forex Top Story

Sep 13, 2010 No Relief For Weary Dollar, Near 15-year Low Against Yen The dollar came under pressure on Monday, after financial authorities hammered out a set of reforms to the global banking system. The Basel Committee on Banking Supervision's new requirements for bank capital reserves were less stringent than some had expected, driving bank stocks higher. The reforms will be phased in over the next eight years, giving banks more time to accumulate profits. Full Article

Mergers

Sep 13, 2010 Hewlett-Packard To Buy ArcSight For $1.5 Bln Technology giant Hewlett-Packard Co. (HPQ) is continuing its buying spree by agreeing Monday to acquire security software maker ArcSight, Inc. (ARST) for $43.50 per share, or an enterprise value of $1.5 billion. This is HP's second high-premium acquisition this month. On September 2, HP agreed to buy data storage firm 3PAR Inc. (PAR) for $33 per share in cash, or $2.35 billion, winning a bidding war against Dell Inc. (DELL). Full Article

Political News

Sep 13, 2010 Poll Shows Discontent With Most Major Pieces Of Legislation Americans largely disapprove of the major pieces of legislation that Congress has passed in the past two years, according to the results of a USA Today/Gallup poll released on Monday, with the financial reform bill the only major piece of legislation to be supported by a majority of Americans. Full Article
Sep 13, 2010 Obama Pledges $850 Million For Historically Black CollegesPresident Barack Obama Monday pledged his support for the nation's historically Black colleges and Universities. Speaking at a White House reception in which he announced three new members of the President's Advisory Board for Historically Black Colleges and Universities, Obama said that those institutions would be critical in achieving his goal of bringing up the country's college graduation rates. Full Article
Sep 13, 2010 Many Say U.S. Should Stop Granting Citizenship To Children Of Illegal ImmigrantsWhile a constitutional amendment would likely be required to stop granting citizenship to U.S.-born children of illegal immigrants, the results of a Quinnipiac University poll released on Monday showed that slightly more American say that the U.S. should end the practice than say it should be continued. Full Article

The Washington Post: MOst Read Opininons . Sep 13th., 2010

 

Most Viewed Opinions Columns

1) We're safer than we think

Our response to Sept. 11 has fueled a climate of fear.

2) 5 Myths about selling sex

Last weekend, Craigslist, the popular provider of Internet classified advertising, halted publication of its "adult services" section. The move followed criticism from law enforcement officials across the country who have accused the site of facilitating prostitution on a massive scale. Of course...

3) Gerard Alexander: Conservatism isn't racist. So why do people believe it is?

So why is the party of Lincoln is so easily dubbed the party of Strom Thurmond?

4) Obama's clunker economics

Looking back with pride, the British are commemorating the 70th anniversary of the Battle of Britain, when Churchill said of the pilots fighting the Luftwaffe: Never "was so much owed by so many to so few." Looking ahead with trepidation, Americans are thinking: Never have so many of us owed so...

5) If Lehman had been rescued. . .

What if Lehman had been rescued...

6) The price of independence

Will GOP Sens. Brown, Collins and Snowe do the right thing on campaign finance?

7) Let's stop playing into bin Laden's hands

The attacks of Sept. 11, 2001, succeeded far beyond anything Osama bin Laden could possibly have envisioned. This is not just because they resulted in nearly 3,000 deaths, nor only because they struck at the heart of American financial and military power. Those outcomes were only the bait it would...

8) Who's bluffing?

Mideast leaders' words aren't always what they seem.

9) Mexico's gun traffic

SECRETARY OF STATE Hillary Rodham Clinton caused a stir last week by suggesting that Mexico's drug-trafficking gangs were beginning to resemble an insurgency, like that which has plagued Colombia. She's right in the sense that the cartels have come to effectively control parts of the country, whe...

10) BlackBerry jam

CANADA-BASED Research in Motion, creator of the BlackBerry, is between a rock and a hard place. With the U.S. market for its keypad-equipped smart phones dwindling after the rise of the iPhone, RIM's growth lies overseas. But as more people in other countries acquire its phones, demands of foreign...

MarketWatch:: Special financial Services : William Watts's Forex Files: Yen move could offer more ammo for Aussie bulls. Sep.Ma 13th

MarketWatch
SPECIAL F FINANCIAL SERVICES
 
William Watts's Forex Files: Yen move could offer more ammo for Aussie bulls
 
By William L. Watts MarketWatch


Japanese currency could provide further ammunition for high-yielding commodity currencies such as the Australian dollar, history suggests. See full story

U.S. DEPARTMENT OF THE TREASURY: UPDATE



Obama Administration Marks Back to School Season by Launching National Financial Capability Challenge for 2010-11 School Year
WASHINGTON – Today, the Obama Administration marked back to school season by emphasizing the importance of financial education and launching its National Financial Capability Challenge for the 2010-11 school year. The Challenge is a voluntary online exam and classroom toolkit that helps educators teach high school students about saving, budgeting, investing, the safe use of credit, and other important skills critical to developing strong financial knowledge and capability.

 "The recent financial crisis taught us an enduring lesson. Financial literacy is essential not only to the financial security of millions of American families, but also to the economic health of our nation as a whole," said Treasury Secretary Tim Geithner. "Ensuring that young people have the skills they need to make wise financial choices today and into adulthood will help us build a stronger foundation for our nation's economic future." 

 "We know we have to educate our way to a better economy, and that's why President Obama has declared that by 2020, we will once again have the highest proportion of college graduates in the world," said Secretary of Education Arne Duncan, "We also know that a lack of financial literacy is a major roadblock on the path to college access and success for too many students.  Through the Challenge, we're encouraging schools and teachers across the country to help make sure their students have the tools they need to make smart financial decisions for themselves, their families, and their communities – whether about investing in higher education, or the many other choices these young people will face."

Educators can begin registering for the Challenge today at http://www.challenge.treas.gov/. In late Fall, educators will be able to download a new and improved "Teacher Toolkit" with ready-to-use lesson plans to help teach their students about important financial concepts and prepare them for the online exam.
The online exam will take place between March 7 and April 8, 2011. Educators can administer the exam to their students at any time in that window. Educators and students who score in the top 20 percent nationally and those who are among the top scorers in their school will receive official award certificates.

More than 76,000 students and 2,500 educators in all 50 states participated in last school year's National Financial Capability Challenge. To build on that success, the Obama Administration has set a goal of increasing participation for this school year by 15 percent to over 87,000 students and 2,800 educators. Recognizing that participation previously averaged only one teacher per school, the Administration is urging each of last year's participating educators to become ambassadors for financial education and recruit additional teachers to participate. 

The Obama Administration has taken a number of important steps to help empower Americans to make wise financial choices. In April 2010, the Financial Literacy and Education Commission (FLEC), which the U.S. Department of the Treasury coordinates, announced the launch of its newly redesigned financial literacy education website, www.MyMoney.gov, which has already received over 17 million hits to date. Earlier this month, Treasury also announced a new pilot program to deliver financial accounts with debit card access to the unbanked and underbanked at tax time so those individuals can receive their tax refunds through direct deposit, reducing their reliance on high-cost alternative financial products, such as check-cashing and other services.  And the Department of Education doubled its investment in K-12 financial literacy this year with the creation of the Financial Education for College Access and Success program. 

Additionally, the Wall Street Reform and Consumer Protection Act that President Obama signed into law in July 2010 establishes an Office of Financial Education within the newly created Consumer Financial Protection Bureau. This Office will help educate and empower consumers to make better informed financial decisions by providing them with opportunities to access financial counseling; information to assist with the evaluation of credit products and credit histories; savings, borrowing, and other services found at mainstream financial institutions; activities intended to reduce debt, and prepare for educational expenses and other major purchases;  assistance in developing long-term savings strategies; and financial services during the preparation process to claim earned income tax credits and other federal benefits.

FORBES INTELLIGENT INVESTING : Avoid China At Your Own Risk, Says Malkiel. Sep. 13th., 2010


Intelligent Investing with Steve Forbes

Features

Intelligent Investing
Avoid China At Your Own Risk, Says Malkiel
Princeton economics professor Burton Malkiel says most portfolios and indexes are light on China.
With Steve Forbes
Intelligent Investing
Profit From The Coming Bank Takeover Wave
Here are the banks that might be bought and the potential acquirers.
With Alexandra Zendrian

Video: Intelligent Investing With Steve Forbes

Intelligent Investing With Steve Forbes
Timing The Markets Is For Suckers
A Random Walk Down Wall Street author Burton Malkiel says money managers and investors can't time the market well.

MarketWatc Special Financial Services: Congress returns with tax cuts front and center / At Goldman an uneasy existence. Sep.:13th., 2010.

SPECIAL FINANCIAL SERVICES)

Congress returns with tax cuts front and center
 
By Robert Schroeder MarketWatch


Congress returns for a brief pre-election session as a debate rages over extending the George W. Bush-era tax cuts, and the top House Republican says he’d support extending middle-class tax breaks if he can’t get cuts for high-income earners. 


 
By MarketWatch


You can take the banker out of Goldman Sachs -- well, actually you can’t, writes David Weidner. 

FINANCIAL & FOREX INFO : FOX BUSINESS. Wall Street Wasted in Green - The Dow jumps 100 points as financial and materials stocks post solid gains SEp 13th., 2010


FROM : FOX BUSINESS NEWS  




05 2010 Traders 04 276
Wall Street Washed in GreenWall Street was washed in green amid enthusiasm for new strong economic data out of China.


THE MOST POWERFUL NAME IN BUSINESS NEWS

Watch: FOXBusiness.com LIVE

LIVE The CEO of Perry Ellis joins us to talk about back-to-school sales.

Spar Over Tax Cuts

The White House hopes the top GOP was serious in expressing support for renewing tax cuts.

Voters Want to See Job Creation

The president's two biggest legislative triumphs have become liabilities for his fellow Democrats.

Desperate Times..Desperate Measures?

A beleaguered White House wants yet another fiscal stimulus, but is it necessary?

Health Cost Estimates Questioned

WATCH Reports show the administration's estimated costs of reform might have been misleading.

MarketWatch : Special Financial Services : Financials lead market higher on Basel III accord. Sep 13th., 2010

SPECIAL FINANCIAL SERVICES
 
Financial Stocks: Financials lead market higher on Basel III accord
 
By Sam Mamudi MarketWatch


U.S. banks pace the rally in financial stocks after regulators overhauled international banking rules over the weekend, raising capital-level requirements. See full story

Bond Report: Treasurys erase decline, stemming last weeks' loss

 
By Deborah Levine MarketWatch


Treasurys prices erase gains, pushing short-term yields lower, as investors resume buying U.S. debt as certain technical levels are reached after last week’s hard sell-off. 

RTTNews Daily Market Analysis.:Stocks On Track To Extend Gains On Solid Data And Deal News. Sep. 13th., 2010

Daily Market AnalysisMon Sep 13 09:26 2010 



Sep 13, 2010 Stocks On Track To Extend Gains On Solid Data And Deal News - RTTNews Daily Market Analysis The major U.S. index futures are pointing to a higher opening on Monday, with the positive sentiment most likely to stretch into the week. The global markets advanced solidly in reaction to the newly agreed upon Basel III norms. The markets also savored data released from China that showed solid growth. Meanwhile, domestically the tricking in of deal news should encourage traders to pick up stocks. If the Dow Industrials convincingly breaks above the 200-day moving average on these positive catalysts, it remains on track for further gains. Full Article

RTTNews : Daily Stocks to Watch: OXiGENE says thyroid cancer drug promising in phase 2/3 study . Sep : 13th., 2010

Daily Stocks to Watch Mon Sep 13 09:02 2010 

Stocks To Watch

Sep 13, 2010 OXiGENE says thyroid cancer drug promising in phase 2/3 study – Stocks To Watch OXiGENE, (OXGN) said its experimental drug -- ZYBRESTAT -- in combination with chemotherapy, improved overall survival of patients With Anaplastic Thyroid Cancer in a Phase 2/3 study. Full Article
Sep 13, 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 Set For Higher Open On Continued M&A Resurgence - U.S. Commentary

Morning Market Briefing Mon Sep 13 09:01 2010 

Commentary

Sep 13, 2010 Stocks Set For Higher Open On Continued M&A Resurgence - U.S. Commentary Stock futures are pointing to a notably higher open on Monday, as the markets are digesting another surge in merger and acquisition activity on a day lacking any first-tier economic data. The major index futures are all in positive territory, with the Dow futures up by 79 points. Full Article

Economic News

Sep 13, 2010 China's Industrial Output Accelerates, But So Does InflationChina's industrial production expanded at a faster-than-expected 13.9% in August compared with a year ago, showing that the world's second-largest economy continued to maintain economic momentum despite a government clampdown on bank lending and property speculation. Full Article
Sep 13, 2010 European Commission Sees Strong Recovery In Eurozone The 16-member euro area is likely to recover at a faster pace this year than previously estimated as the second quarter performance, particularly in Germany, progressed markedly. But, the aggregate growth figure masks uneven developments across member states. Full Article
Sep 13, 2010 Global Central Bankers Agree New Bank Capital Rules A committee of central bankers and financial regulators has agreed new rules to prevent a repeat of the global financial crisis. Full Article

Corporate News

Sep 13, 2010 Hertz hikes Dollar Thrifty offer to $1.56 BlnHertz Global Holdings, Inc. (HTZ) lifted its bid for Dollar Thrifty Automotive Group Inc. (DTG) by $10.80 per share amounting to a total deal value of $1.56 billion, which is higher than Avis Budget Group, Inc.’s (CAR) latest offer. The Dollar Thrifty board has agreed to the $50 cash and stock-deal. The offer now comprises $43.60 in cash and 0.6366 of a share of Hertz common stock for each Dollar Thrifty share. Full Article
Sep 13, 2010 Air China to buy four Extended Range airplanes from Boeing for $1.15 blnMonday, Air China Ltd. (AIRC.L) said it signed an agreement on September 10 to buy four 777-300ER aircraft from Boeing Co. (BA) for a basic price of about $1.15 billion. The basic price of the aircraft comprises the airframe price, optional features prices and engine price. As per the deal, Air China will make cash payment in installments and accept delivery of the aircraft in stages in 2013 and 2014. Full Article
Sep 13, 2010 Hewlett-Packard to buy ArcSight for $1.5 blnMonday, Hewlett-Packard Co. (HPQ) said it agreed to buy security software maker ArcSight, Inc. (ARST) for about $1.5 billion. The company expects the $43.50 a share-deal to close by the end of the calendar year and to improve security, reduce risk and facilitate compliance at a lower cost for customers. Earlier this month, HP agreed to buy 3PAR Inc. (PAR) for $33 per share in cash or an enterprise value of $2.35 billion. Full Article
Sep 13, 2010 Nokia's Mobile Solutions unit head Anssi Vanjoki quitsMonday, Nokia Corp. (NOK) said its Executive Vice President and a member of Nokia Group Executive Board Anssi Vanjoki tendered his resignation to seek new opportunities. Vanjoki, who is the head of Nokia's Mobile Solutions unit, has a six-month notice period and will continue serving in his position for the time being. Full Article
Sep 13, 2010 Genzyme to sell genetic testing unit to Laboratory Corp. for $925 mlnMonday, Genzyme Corp. (GENZ) agreed to sell its genetics testing unit to Laboratory Corp. of America (LH) for $925 million in cash in order to focus on its core growth areas. The company had put up the assets for sale in May to increase shareholder value. Genzyme expects the deal to close by year-end. Full Article
Sep 13, 2010 Magna International Co - CEO Siegfried Wolf steps downMonday, Magna International Inc. (MGA) said Siegfried Wolf has resigned as a Director and Co-Chief Executive Officer effective November 15 to pursue an opportunity with Basic Element and its machinery division OJSC Russian Machines, the parent company of Russian automotive OEM, GAZ Group. The company noted that Wolf was on Magna's Board since March 8, 1999. The firm also confirmed that Donald Walker would now be its only Chief Executive Officer. Full Article

Todays WS Events

Sep 13, 2010 Merck To Present At Morgan Stanley Global Healthcare Conference; Webcast At 9:10 AM ET Merck & Co Inc. (MRK) will present at the Morgan Stanley Global Healthcare Conference in New York. The event is scheduled to begin at 9:10 AM ET, September 13, 2010. To access the webcast, log on to www.merck.com/investors/home.html?WT.svl=topnav
Sep 13, 2010 Bank Of America To Present At The Bank Of America Merrill Lynch 2010 Investment Conference; Webcast Bank of America Corporation stock (BAC) will present at the Bank of America Merrill Lynch 2010 Investment Conference, on September 13, 2010. The event is scheduled to begin at 10:45 AM ET. To access the live webcast, log on at http://investor.bankofamerica.com
Sep 13, 2010 Colgate-Palmolive To Present At Bank Of America Merrill Lynch Investment Conference; Webcast At 12:3Colgate-Palmolive Co. (CL) CEO, Ian Cook, will present at the Bank of America Merrill Lynch Investment Conference. The event is scheduled to begin at 12:30 PM ET, September 13, 2010. To access the live webcast, log on to www.colgate.com
Sep 13, 2010 NYSE Euronext To Present At The Barclays Capital 2010 Global Financial Services Conference; Webcast NYSE Euronext, Inc. (NYX) will present at the Barclays Capital 2010 Global Financial Services Conference at the Sheraton New York Hotel & Towers in New York, on September 13, 2010. The event is scheduled to begin at 2:00 PM ET. To access the live webcast, log on at www.nyseeuronext.com/ir
Sep 13, 2010 Nasdaq OMX Group To Present At Barclays 2010 Global Financial Services Conference; Webcast At 4:15 PNasdaq OMX Group Inc. (NDAQ) will present at the Barclays 2010 Global Financial Services Conference in New York. The event is scheduled to begin at 4:15 PM ET, September 13, 2010. To access the live webcast, log on to http://ir.nasdaq.com/
Sep 13, 2010 Pfizer To Present At Morgan Stanley Global Healthcare Conference; Webcast At 4:30 PM ET Pfizer Inc. (PFE) will make a presentation at the Morgan Stanley Global Healthcare Conference. The event is scheduled to begin at 4:30 PM ET September 13, 2010. To access the audio webcast, log on at www.pfizer.com
Sep 13, 2010 KLA-Tencor To Present At Bank Of America Merrill Lynch 2010 Investment Conference; Webcast At 5:45 PKLA-Tencor Corporation. KLAC will make a presentation at the Bank of America Merrill Lynch 2010 Investment Conference. The event is scheduled to begin at 5:45 PM ET September 13, 2010. To access the live webcast, log on at http://ir.kla-tencor.com
Sep 13, 2010 Hewlett-Packard Investor And Analyst Conference Call At 8:30 AM ET Hewlett-Packard Company (HPQ) will host its Investor and analyst conference call at 8:30 AM ET, September 13, 2010 to discuss its proposal to acquire ArcSight. To access the webcast, log on to www.hp.com/investor/home

Mergers

Sep 13, 2010 Hewlett-Packard To Buy ArcSight For $1.5 Bln Technology giant Hewlett-Packard Co. (HPQ) is continuing its buying spree by agreeing Monday to acquire security software maker ArcSight, Inc. (ARST) for $43.50 per share, or an enterprise value of $1.5 billion. This is HP's second high-premium acquisition this month. On September 2, HP agreed to buy data storage firm 3PAR Inc. (PAR) for $33 per share in cash, or $2.35 billion, winning a bidding war against Dell Inc. (DELL). Full Article

FINANCIAL & FOREX INFO.- Reuters Before The Bell. Sep 13th., 2010



FROM : REUTERS -  BEFORE THE BELL 

Stock futures rise after China data, Basel agreement
Basel eases bank capital raising fears
Financial stocks rise after Basel III
Small-business bill could be Democrats' last hope on jobs
BP sees oil spill claims below $20 billion: analysts
Goldman shuffling its partnership ranks: report
Hertz sweetens Dollar Thrifty deal to $1.56 billion
U.S. debt fund shuns Dubai World debt deal: report
China to ease restrictions on foreign investment
Investors, prepare for volatility