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Sep 17, 2010

Gerald Celente : U.S. Economy = Depression. September 17th., 2010

WSJ : Technology Alert: On Web, Children Face Intensive Tracking. September 17th., 2010

Technology Alert
from The Wall Street Journal

A Wall Street Journal investigation into online privacy has found that popular children’s websites install more tracking technologies on personal computers than do the top websites aimed at adults.

The research is part of a Journal investigation into the expanding business of tracking people’s activities online and selling details about their behavior and personal interests.

The Journal examined 50 sites popular with U.S. teens and children to see what tracking tools they installed on a test computer. As a group, the sites placed 4,123 "cookies," "beacons" and other pieces of tracking technology. That is 30% more than were found in an analysis of the 50 most popular U.S. sites overall, which are generally aimed at adults.

The Intelligent Investor From the Wall Street Journal: How a Forgotten fund Got Hot In a Hurry : Septemberv 17th 2010

The Intelligent Investor, by Jason Zweig
from The Wall Street Journal

The gold-heavy Permanent Portfolio has walloped the stock market, but its explosive popularity says more about investors than it does about the investment itself.

MarketWatch Weekly Roundup : Top 10 stories Sept. 13 - 17


Weekly Roundup
SEPTEMBER 17, 2010

MarketWatch Top 10 stories Sept. 13 - 17

By MarketWatch

NEW YORK (MarketWatch) — U.S. stocks closed higher for the third straight week with particular strength in the tech sector.

The Nasdaq Composite Index (COMP) added more than 3% this week, helped by gains Friday in Oracle (ORCL) and Research In Motion (RIMM) , which both posted strong profit this week. The Dow Jones Industrial Average (DJIA) ended the week up 1.4%, while the Standard & Poors 500 Index (SPX finished the week up about 1.5%.

For those looking for the long-term effects of the Lehman Bros. collapse on the financial system and the broader economy two years after the fact, Thursday's report of a jump in the U.S. poverty rate to 16-year highs might serve as a good touchstone. And data this week showing the average family's earnings have been stagnant for 10 years help explain the drop reported this week in consumer confidence.

As if on cue, that popular anxiety about the economy showed up in a slew of primary elections this week where the tea-party movement's candidates turned in a good showing.

Amid the heightened rhetoric of politics and the gloomy data on wages and poverty, one thing shines on: Gold closed Friday at a record high, with silver ending the session at 30-year highs.

It may not be all that glitters, but gold has been the closest thing to a sure bet for many investors these days.

Also, please be sure to watch our previews for Asia, Europe and the U.S.

 Asia's Week Ahead: Chinas record year for IPOs

 Europe's Week Ahead: Fashion retailers report

U.S. Week Ahead: Fed, housing in focus

Greg Morcroft , assistant managing editor

Tea-party win in Delaware stuns Washington

The stunning victory Tuesday by a tea-party backed candidate in Delaware's Republican Senate primary has roiled the Republican Party and given Democrats fresh hope that they can keep their majority in the November elections. The upset could now cost the Republicans a sure victory and deprive the party of a chance to recapture the Senate from the Democrats, strategists believe. Republicans need to win 10 seats to take back control. See tea-party analysis on MarketWatch

Poverty rates jump to record in U.S.

The poverty rate in the United States rose to 14.3% in 2009, the highest since 1994, up from 13.2% in 2008, the Census Bureau reported Thursday. A record 43.6 million Americans were in poverty last year. Meanwhile, real median household income in 2009 was $49,777, not statistically different from the prior year. Real median income fell 1.8% for family households, and rose 1.6% for nonfamily households. Read more on MarketWatch about record poverty rate in U.S.

Treasury getting tougher on TARP deadbeats

The number of banks missing payments on the bailout money they got from the U.S. government has jumped and the Treasury Department is starting to get tough. Saigon National Bank may be among the first lenders to be affected, as the Treasury flexes its muscles. In August, 123 financial institutions missed dividend payments on securities they sold to the Treasury Department under the Troubled Asset Relief Program, or TARP. That's up from 55 in November 2009. Read MarketWatch story on Treasury and TARP deadbeats

Patience runs out on quiet diplomacy on China currency

Patience appears to have run out in Washington for the standard White House approach that favors quiet diplomacy for dealing with China over the dispute over the value of its currency. In testimony to the House Ways and Means Committee, a wide array of experts said that quiet diplomacy has essentially been a failure. The only debate at the hearing was what new approach should be tried.Read MarketWatch coverage of politics of the yuan at MarketWatch

bef2c022-c281-11df-ba89-00212804637cU.S. banks may hike dividends in wake of new 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 more on dividend hikes likely for banks, on MarketWatch

Gold price closes at record high Friday

Gold closed a winning week with a bang Friday, notching a fresh record and helping silver settle at its best in three decades. Gold for December delivery (GCZ10 added $3.70 to $1,277.50 an ounce on the Comex division of the New York Mercantile Exchange. That supplants high marks reached Tuesday and Thursday. See more on record gold close on MarketWatch

What your smart phone says about you

If you use the iPhone you may be likelier to have more sexual partners than users of other popular smart phones, new data suggest. Meanwhile, BlackBerry owners tend to be more business-minded and Android users are bird lovers. Sound like you? As smart phones make inroads into the cell-phone market, a growing number of companies are collecting data that profiles who uses which type of phone or phone operating system.Read more about what your smartphone says about you, on MarketWatch

Obama taps Warren as consumer finance watchdog

The White House on Friday said Elizabeth Warren will set up the Bureau of Consumer Financial Protection, an agency whose establishment she has championed for years.The Harvard law professor will be appointed as an assistant to Obama, and special adviser to the Treasury Department secretary, according to a White House blog post she authored. The consumer-protection bureau is aimed at cleaning up the marketplace and clarifying disclosures for mortgages and credit cards, among other actions. Supporters also hope that a safer consumer marketplace will translate to a more stable financial system. Read MarketWatch coverage of Elizabeth Warren's role as consumer financial watchdog

Ten reasons buying a home is still a good idea

Enough with the doom and gloom about homeownership. Sure, maybe there's more pain to come in the housing market. But when Time magazine starts running covers that declare "Owning a home may no longer make economic sense," it's time to say: enough is enough. This is what "capitulation" looks like. Everyone has given up. But it's not enough just to be contrarian. So here are 10 reasons why it's good to buy a home.Rea about 10 reasons to buy a home on MarketWatch

Middle class running as fast as it can

This recession has strangled the American middle class, but it was in a weakened state long before anyone heard of subprime mortgages.The great middle of American society has been falling for 30 years or more, a product of vast economic, social and political forces, both foreign and domestic. It won't be restored with one congressional election, or even a presidential one. Its troubles are much more serious than that. Read more on MarketWatch about middle-class woes

CNBC Evening Brief : Economists Have Hard Time Sticking to Housing Forecasts. September 17th., 2010


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MarketWatch Personal Finance Daily : The middle class is struggling. September 17th., 2010

Personal Finance Daily
SEPTEMBER 17, 2010

Friday's Personal Finance stories

Don't miss these top stories:

By MarketWatch

It's been a long week of difficult data — U.S. consumer sentiment sank in August, while the poverty rate in 2009 hit its highest level in about 15 years. At least the stock market gained, with the Dow Jones Industrial Average and S&P 500 Index both enjoying their third straight weekly gain.

But the bad economic news, at least for the U.S. middle class, has been dragging on for years. Read Rex Nutting's column today for more on how we may be running as fast as we can, but we're not gaining any ground.

If that gets too depressing, then check out John Ittner's story on the latest sport, in which the competitors themselves, not just the spectators, hoist a beer.

Andrea Coombes , Personal Finance editor

Can you hold your beer? This sport's for you

If you think you can hold your beer, there may be a competition coming to your local beer hall that will give you a chance to prove it once and for all.
Read more on can you hold your beer? This sport's for you.

Middle class running as fast as it can

This recession has strangled the American middle class, but it was in a weakened state long before anyone heard of subprime mortgages.
Read more on the middle class is running as fast as it can.


Your smart phone says a lot about you

If you use the iPhone you may be likelier to have more sexual partners than users of other popular smart phones, new data suggest. Meanwhile, BlackBerry owners tend to be more business-minded and Android users are bird lovers.
Read more on your smart phone says a lot about you.


Last-minute mortgage changes cost buyer

A first-time home buyer says her mortgage broker pulled a bait-and-switch — changing the terms of her mortgage loan right before she got to the closing table. But Lew Sichelman, in Realty Q&A, says it's more likely her own fault.
Read more on last-minute mortgage changes cost buyer.

Housing data not expected to sparkle

Economists don't expect many bright spots in the economic data in the coming week that will highlight the gloom of a newly crippled housing market and a factory sector that is running out of steam after leading the recovery.
Read more housing data not expected to sparkle.


Gloomy investors need balance, Bernstein says

Equity investors are focusing on a doom scenario which is creating opportunities, according to a strategy note released by Sanford C. Bernstein Thursday.
Read more on gloomy investors need balance, Bernstein says.

Buy inflation protection on the cheap

We don't know when inflation might rear its ugly head. But long before it does, you might want to own a mix of investments designed to protect your portfolio against rising prices, rising interest rates, and falling bond prices.
Read more on buy inflation protection on the cheap.

Commentary: Zero percent for your money!

Two years ago this week, the Reserve Primary Fund — the first money-market mutual fund — "broke the buck," meaning its share price dropped below the standard of $1. The fund, bloated with paper from Lehman Brothers when the Wall Street giant declared bankruptcy, had investors wondering what was actually in their money fund and whether their ultra-safe parking place for cash might be headed to a similar fate.
Read more on zero percent for your money.

Dr. Doom still bullish on gold

Gold's rise to a fresh record Friday won endorsement from financial adviser Marc Faber, who said the rally in bullion prices didn't appear excessive in view of the inflationary backdrop and ongoing bias of the world's monetary authorities towards weak currencies.
Read more on Dr. Doom still bullish on gold.


Warren to lead consumer watchdog

Elizabeth Warren will set up the Consumer Financial Protection Bureau, an agency whose establishment she has championed for years, President Barack Obama said Friday in a move that drew criticism on Capitol Hill.
Read more on Warren to lead consumer watchdog agency.

Commentary: Obama undermines Warren's authority

Once again, faced with strong opposition, President Barack Obama took the middle course, the one guaranteed to please nearly no one.
Read more on Obama undermines Warren's authority.

U.S. September consumer sentiment falls to 66.6

U.S. consumer sentiment fell in September, according to a survey released Friday by Reuters and the University of Michigan.
Read more on U.S. Sept. consumer sentiment falls to 66.6.

Consumer inflation rises 0.3% in August

Consumer inflation increased 0.3% for the second month in a row in August, according to a report released Friday, but a lack of core inflation kept alive worries about deflation.
Read more on consumer inflation rises 0.3% in August.

Companies still hoarding cash, Fed finds

American companies are still holding onto record sums of cash stored, a decision that reflects their anxiety about the health of the U.S. economy and at the same time contributes to the weakness.
Read more on companies still hoarding cash, Fed finds

What we learned about the economy

When you put the regional Fed manufacturing reports of New York and Philadelphia together — and economists at BNP Paribas have, with an index giving 57% of the weight to the New York gauge — you see broadly flat activity, and in fact a bit of a contraction.
Read more on what we learned about the economy this week.

Commentary: SEC strikes a blow against investors

The Securities and Exchange Commission struck a blow for investors Friday, voting unanimously to propose new rules that would require public companies to disclose how much risk they carry during the quarter.
Read more on SEC strikes a blow against investors.

NYT : Afternoon Busines News: Some Suggestions for the New Consumer Chief

Your Money

Some Suggestions for the New Consumer Chief

Tasks that Elizabeth Warren might grapple with as the leader of the new Consumer Financial Protection Bureau.

Chinese Bet on London Real Estate

London's property market has shown signs of cooling, but investors from mainland China and Hong Kong are busier than ever snapping up homes.
Patient Money

As Small Businesses Struggle to Pay Health Premiums, Tax Credit Will Lighten the Load

The government is now offering a tax credit to companies with fewer than 25 full-time workers and average wages of less than $50,000 a year.
Off the Charts

America's Great Recession Wasn't the Worst

The American recession was less severe than those of most other major industrialized economies, and the United States has rebounded more quickly.

U.S. Consumer Prices Remain Steady

The Consumer Price Index increased 0.3 percent in August, a rate that was in line with analysts' expectations.

RTTNews: Eveniong Market Wrap: J&J In Talks To Buy Rest Of Crucell For $2.3 Bln In Cash . September 17th., 2010

Evening Market Wrap Fri Sep 17 17:01 2010  


Sep 17, 2010 Stocks Eke Out Modest Gains After Lackluster Economic Data - U.S. Commentary Stocks ended modestly higher to close out the week on Friday, even amid another batch of lackluster economic data, including an unexpected slide in consumer sentiment. Tech stocks were among the day's strongest performers after upbeat quarterly results from Oracle (ORCL) and Research In Motion (RIMM), driving the tech-heavy Nasdaq to a four-month closing high. Meanwhile, the Dow and the S&P 500 ended at their best levels in five weeks. Full Article

Economic News

Sep 17, 2010 Consumer Sentiment Index Shows Unexpected Drop In SeptemberThomson Reuters Corp. (TRI) and the University of Michigan released the results of their consumer sentiment survey for September on Friday, showing a substantial deterioration in consumer sentiment that came as a shock to economists. Reuters and the UofM said their consumer sentiment index fell to 66.6 in September from the final August reading of 68.9. The decrease came as a surprise to economists, who had expected the index to increase to a reading of 70.0. Full Article
Sep 17, 2010 Consumer Prices Rose 0.3% In August Amid Jump In Energy Prices Consumer prices increased by slightly more than expected in the month of August, according to a report released by the Labor Department on Friday, with the price growth largely due to another notable increase in energy prices. The report showed that the consumer price index rose by 0.3 percent in August, matching the increase that was seen in July. Economists had been expecting consumer prices to show a slightly more modest increase of about 0.2 percent. Full Article

Earnings News

Sep 17, 2010 Illinois Tool Works Backs Q3, Full-year Outlook - Update Industrial products maker Illinois Tool Works Inc. (ITW) on Friday reiterated its earnings and revenue growth outlook for the third quarter and fiscal year 2010. The company also reported a 13% increase in operating revenue for the three months ended August 31 compared to last year, citing strong demand levels across its worldwide end markets, especially those associated with its welding, automotive OEM and industrial packaging businesses. Full Article

Corporate News

Sep 17, 2010 J&J In Talks To Buy Rest Of Crucell For $2.3 Bln In Cash Healthcare giant Johnson & Johnson (JNJ) announced Friday that it is in advanced negotiations for a potential public offer for the remaining shares of European biopharmaceutical firm Crucell N.V. (CRXL) for 24.75 euros per share in cash. The deal is valued at 1.75 billion euros in total or about $2.3 billion. Johnson & Johnson currently holds nearly 17.9% of Crucell shares. Full Article

Forex Commentary

Sep 17, 2010 Dollar Pauses Versus Yen After Rally Stalls The dollar took a breather on the final day of a rough week, holding its ground against the yen while paring some recent losses against its European counterparts. A flurry of inflation data from both sides of Atlantic signaled prices remain in check, giving central bankers the green light to keep accommodative monetary policy in place. Full Article

Political News

Sep 17, 2010 Obama Taps Warren To Help Set Up Consumer Protection AgencyPresident Barack Obama Friday officially named consumer advocate Elizabeth Warren to a pair of advisory positions involved in setting up the new Consumer Financial Protection Bureau. Warren, who headed the Congressionally appointed panel to oversee the banking bailout, will serve as a special assistant to Obama and a special advisor to Treasury Secretary Timothy Geithner to develop the new agency, which will have broad authority to regulate financial products. Full Article
Sep 17, 2010 Poll Shows Portman With Big Lead In Ohio Senate Race Republican Rob Portman has a big lead over Democratic Lt. Gov. Lee Fisher in the Ohio Senate race, according to the results of a Quinnipiac University poll released on Friday, with Portman benefiting from voters' disapproval of the policies of President Barack Obama. Full Article
Sep 17, 2010 Coons Has Double-Digit Lead Over McConnell In Delaware Senate RaceDemocrat Chris Coons has a sizable lead over Republican Christine O’Donnell in the Delaware Senate race, according to the results of a Rasmussen Reports poll released on Thursday, with the news likely to add to GOP concerns about O’Donnell's viability in the general election after her upset primary win. The poll showed that 53 percent of likely Delaware voters said they would vote for Coons compared to the 42 percent that said they would for O'Donnell. Full Article

US Policy

Sep 17, 2010 Clinton, Gates Call For Quick Ratification Of New START Treaty United States Secretary of State Hillary Clinton and Secretary of Defense Robert Gates have urged the Senate to quickly ratify the Russia-U.S. nuclear arms reduction treaty that brings down their nuclear stockpiles considerably. In a joint statement, they applauded the Senate Foreign Relations Committee's strong bipartisan vote on Thursday to approve the New Strategic Arms Reductions Treaty (START). Full Article

FINANCIAL & INFO : Reuters - Daily Investor Update. Oracle lifts Nasdaq as options expiration arrives. September 17th., 2010


Oracle lifts Nasdaq as options expiration arrives
Wall St critic Warren named consumer financial czar
Core CPI flat, deflation fears linger
UAL and Continental shareholders approve merger
SEC votes to crack down on debt disclosure
More U.S. banks skip latest payment on bailout aid
Oracle shares hit 9-year high
Ireland slams IMF rumors
J&J aiming to buy vaccine maker Crucell for $2.3 billion
RIM woes in spotlight despite robust results

FOX BREAKIN BUSINESS NEWS Techs Carry Nasdaq to Four Moth Higth. September 17th , 2010

Democratic Senator Mary Landrieu 276               
More Dems Back Full CutsEXCLUSIVE Joining some other Democrats, Sen. Mary Landrieu offered support for a short-term extension of all of the expiring Bush tax cuts.

Techs Carry Nasdaq to Four-Month High

The Nasdaq Composite reached the finish line in positive territory for the eighth day in a row.

Household Net Worth Drops in 2Q

High unemployment continues to put a strain on Americans as household wealth fell by $1.5 trillion.

S&P 500's Pension Mess

EMac New footnote disclosures required by regulators show many companies in the S&P 500 face huge pension-plan problems. | WATCH

Wall Street Now Banking on Bernie?

Leave it to Wall Street to find a way to make money from the misery of Madoff victims.| WATCH
Market Snapshot At Close:
Index Last Change %Change  
DJIA 10,607.85 +13.02 0.12% Hilighted
Nasdaq 2,315.61 +12.36 0.54%  
S&P 500 1,125.66 +1.00 0.09%  
FOX 50 810.49 -0.81 0.10%  
DIJA Chart

MarketWatch Special Financial Services: Chuk Jaffec : Zero Percent for your Money. September 17th., 2010


By Chuck Jaffe MarketWatch

Money funds are lousy parking places for cash.  

Mutual Funds Weekly: Investing tips for hot emerging-market sectors

By MarketWatch

See this week’s top mutual-fund and ETF stories. 

The Securities and Exchange Commission and its chairwoman are at least taking aim at the Wall Street practice of ramping up risk only to tamp it down through questionable dealing at quarter’s end.  

By Alistair Barr MarketWatch

Ken Griffin’s $11 billion firm charges fees differently than most hedge funds  

The Washington Post : Afternoon Edition : MOst Reas Articles. September 17th., 2010

Most Viewed Articles on

1) Celebritology: Joaquin Phoenix: Yes, it was a hoax

What we all suspected about Joaquin Phoenix for the past couple of years has turned out to be true: he was never genuinely pursuing a hip-hop career, or messed up on drugs, or suddenly incapable of forming a coherent sentence, or totally losing his mind. His behavior since late 2008 has all been...

2) The Buckley rule

If DeMint and Palin care about the GOP keeping the Senate, they should stump for O'Donnell.

3) O'Donnell to Delaware voters: Keep an open mind

WILMINGTON, Del.--Christine O'Donnell, the tea party-backed Republican Senate nominee from Delaware, urged voters Thursday night to keep an open mind despite what she described as the "rather unflattering portrait" of her that has emerged in the media.

4) The 'tea party' gears up for 2012

The playbook for winning the Republican presidential nomination begins with a set of inviolable rules: Start early, raise millions, build an organization, and trudge across the country seeking the blessing of mayors and money men.

5) Impeachment trial starts for New Orleans federal judge accused of corruption

In his long career as a prosecutor and state and federal judge, the Honorable Gabriel Thomas Porteous of New Orleans has tried and presided over hundreds of cases involving malfeasance and misdeeds.

6) Latest school menu decision just makes me gag

Forget Fenty vs. Gray , Democrats vs. Republicans or "tea party" vs. everyone. The big debate raging this fall is really chocolate vs. white.

7) D.C. school chief Rhee's next move probably toward the door

Their long-awaited meeting is set for next week. But when Schools Chancellor Michelle A. Rhee and mayor-apparent Vincent C. Gray do finally sit down, it is increasingly likely that the discussion will focus on the terms of her disengagement from the D.C. school system rather than how she might stay.

8) OneUnited Bank received special treatment beyond what was disclosed

From the moment Boston-based OneUnited Bank began seeking a federal bailout in the summer of 2008, it received special treatment that went beyond what the Treasury Department or the bank and its political supporters have previously disclosed.

9) Police shoot armed man near U.S. Capitol

U.S. Capitol Police shot a man who allegedly brandished a weapon at them near the Capitol early Friday, a spokeswoman for the agency said.

10) Don't bet on a GOP meltdown

Dems should not think the Tea Party's victory translates to a GOP meltdown.

FOX BREAKING BUSINESS NEWS: Stocks Look to Shake Off Gloomy Data. September 17th., 2010

Gulf Oil Spill Cleanup Beach 276
Scouring the Gulf for IdeasPrivate-equity investors are surveying the damage caused by the Gulf oil spill in the hopes of finding distressed-asset investment opportunities.

Stocks Look to Shake Off Gloomy Data

The Dow flirted with positive territory as the bulls look to overcome a 13-month low in consumer sentiment.

Watch: LIVE

LIVE We take a look at whether or not the $30 billion small-business bill will really boost the economy.

Consumer Sentiment Unexpectedly Falls

Consumer sentiment declined in September to its weakest level since August 2009 as concerns about jobs and finances intensified, a new survey shows.

MarketWatch:: Hedge Funds: Tudor’s Pallotta starting new hedge fund: report /. Serptember 17th.,2010

Hedge Funds: Tudor’s Pallotta starting new hedge fund: report

Veteran trader from Tudor Investment Corp. joins others in the hedge-fund industry trying for a ‘second act,’ newspaper says 

By Christopher Hinton MarketWatch

Boeing said it would hike its 737 production rate for a second time by 2013 because of the high demand for more fuel-efficient jets  

By MarketWatch

Financial stocks see early gains erased after consumer sentiment disappoints. Discover is in a deal to acquire Citigroup’s Student Loan Corp.

RTTNews : Morning Market Briefing:: Upbeat Corporate News Primes Stocks For Modest Gains . September 17th., 2010

Morning Market Briefing Fri Sep 17 09:02 2010 


Sep 17, 2010 Upbeat Corporate News Primes Stocks For Modest Gains - U.S. Commentary Stocks are on pace for modest gains on Friday, as the markets are focusing on a batch of upbeat corporate news, including strong results from tech giants Oracle (ORCL) and Research In Motion (RIMM). Meanwhile, the day's consumer price data has largely been shrugged off by traders. The major index futures are currently all in positive territory, with the Dow futures up by 29 points. Full Article

Economic News

Sep 17, 2010 Consumer Prices Rise By Slightly More Than Expected Consumer prices increased by slightly more than expected in the month of August, according to a report released by the Labor Department on Friday, with the price growth largely due to another notable increase in energy prices. Full Article
Sep 17, 2010 China To Persist With 'Moderately Loose' Monetary Policy China's economic recovery is going according to plan although it still faces many challenges to maintain its rapid pace of growth, the country's central bank said on Friday. The bank also reaffirmed its commitment to keep interest rates unchanged for the time being. Full Article
Sep 17, 2010 Singapore Exports Unexpectedly Rebound In August Singapore non-oil domestic exports recorded an unexpected double digit growth in August, after easing in the previous month few months, led by both electronic and non-electronic shipments. Full Article

Earnings News

Sep 17, 2010 Research In Motion Q2 profit up 67.5%, beats Street; guides Q3 EPS above estimateThursday, Research In Motion Ltd. (RIMM) posted a 67.5% jump in profit for the second quarter, on strong demand for BlackBerry. Both earnings and revenue, which grew 31% from last year, came in above the Street view. Looking ahead, the company guided third-quarter earnings and revenue above the current estimates of the Street. Full Article
Sep 17, 2010 Illinois Tool Works guides Q3, FY10 EPSFriday, Illinois Tool Works Inc. (ITW) said it expects third-quarter income from continuing operations of $0.72 - $0.84 a share, assuming a revenue growth 9% - 13%. For fiscal 2010, the company anticipates earnings of $2.82 - $3.08 a share, assuming a revenue growth of 11 % - 13%. The current EPS estimate of analysts lies above the midpoints of the guidance ranges. ITW also noted that total operating revenue grew 13%for the three months ended August 31. Full Article
Sep 17, 2010 Oracle Q1 profit rises 20%, beats StreetThursday, Oracle Corp. (ORCL) reported a 20% rise in profit in its first quarter, reflecting higher software sales and revenue contribution from Sun Microsystems that was acquired in January. Both adjusted earnings and revenue came in above the Street view. A 48% growth in revenue was offset by a 69% increase in operating expenses that shrank operating margin to 26% from 34% in the previous year. Full Article

Corporate News

Sep 17, 2010 Texas Instruments hikes dividend by 8%, to repurchase $7.8 bln sharesThursday, Texas Instruments, Inc. (TXN) lifted its quarterly dividend payment by 8% or a penny to $0.13, and said its Board of Directors authorized a new $7.5 billion share buyback program. The company's board of directors have till date authorized total share repurchases of $27.5 billion of stock since September 2004. Full Article
Sep 17, 2010 J&J in talks to buy out Crucell for US$2.3 blnFriday, Johnson & Johnson (JNJ) said it is in advanced talks to buy the remaining shares of Crucell NV (CRXL) it does not already own for EUR 1.75 billion or $2.3 billion in cash. The EUR 24.75 per share deal, if materialized, will give the company full control of Crucell, in which it holds 18% stake currently. Full Article

Todays WS Events

Sep 17, 2010 Cerner To Present At Stifel Nicolaus Healthcare Conference; Webcast At 8:35 AM ET Cerner Corp. (CERN) will present at Stifel Nicolaus Healthcare Conference in Boston. The event is scheduled to begin at 8:35 AM ET on September 17, 2010. To access the live webcast, log on at
Sep 17, 2010 PerkinElmer To Present At Stifel Nicolaus Healthcare Conference; Webcast At 10:55 AM ET PerkinElmer, Inc. (PKI) will present at the Stifel Nicolaus Healthcare Conference in Boston. The event is scheduled to begin at 10:55 AM ET on September 17, 2010. To access the live webcast, log on at
Sep 17, 2010 Human Genome Sciences To Present At Stifel Nicolaus 2010 Healthcare Conference; Webcast At 11:30 AM Human Genome Sciences Inc. (HGSI) will make a presentation at the Stifel Nicolaus 2010 Healthcare Conference. The event is scheduled to begin at 11:30 AM ET September 17, 2010. To access the webcast, log on at