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Sep 29, 2010

F & F I N : The house of Representaives Penalizes China's Foreign Exhange Practices. Sept. 29th., 2010

FROM:  The Walll Street Journal Alerts

The U.S. House of Representatives passed by a wide 348 to 79 margin legislation to penalize China's foreign-exchange practices, sending a powerful signal to Beijing to change its policies but risking a backlash that could harm U.S. companies and consumers.

MarketWatch : Personal Finance Daily .-With investing, it pays to avoid the madding crowd. Sept. 29th., 2010

Personal Finance Daily
SEPTEMBER 29, 2010

Wednesday's Personal Finance stories

Don't miss these top stories:

By MarketWatch

Here's an investing-strategy idea: Monitor the Investment Company Institute's regular updates on where investors are putting their money, and then do the exact opposite. That's what Brett Arends suggests in his column today.

Arends cites a new report from TrimTabs Investment Research that shows that in recent years investors put their money into mutual funds when the market was booming, and sold after the market crashed, thus missing all of the subsequent gains. It's a familiar tale. Arends argues that investors would do better to time the market — by jumping in exactly when everyone else is getting out.

Read his column today for more investing insights (including why one investing expert is putting his money on Japan), and read Robert Powell's Your Portfolio column for a look at three bank stocks, and an ETF, that you can bank on, plus read our story about the five hidden costs of gold.

Andrea Coombes , Personal Finance editor


You should have timed the market

Everybody knows the last decade on Wall Street was a poor one for investors. Turns out it was even worse than we thought.
Read more on you should have timed the market.

Bank on these three stocks

There's risk taking, and then there's risk taking. Investing in banks, given the bleak profit news of late, would more than qualify as the latter type of gamble.
Read more on bank on these three stocks.

Top performing advisers weigh in on gold's rally

What can gold do for an encore? It's already done a lot, of course — closing today at a new all-time high of $1,311 per ounce, capping a two-month run that has tacked more than 12% onto bullion's price. Does this rally have staying power? Or is it too late to jump on gold's bandwagon?
Read more on top performing advisers weigh in on gold's rally.

Five hidden costs of gold

There's a lot of talk right now about how gold is booming, and how gold bugs who have been stashing bullion under their mattresses over the past decade or so have made a killing.
Read more on five hidden costs of gold.

Best September in more than 70 years

What a September it's turning out to be! With only two trading sessions left, the Dow is up 8.4% for the month.
Read more on best September in more than 70 years.


Airports lifting the ban on liquid security?

The TSA is considering easing the liquid restrictions in carry-on luggage at airport security screenings. Video courtesy of Fox News.
 Watch video on airports lifting the ban on liquid security.


America's choice: hypocrites or cowards

American voters have a choice to make in November: Vote for the party led by hypocrites, or vote for the party led by cowards.
Read more on America's choice: hypocrites or cowards.

SEC may set limits with final flash-crash report

The Securities and Exchange Commission may impose new high-frequency trading regulations and eliminate placeholder quotes when the agency publishes its long-awaited final report on the "flash crash" stock market plunge on May 6, investors and attorneys say.
Read more on SEC may set limits with final flash-crash report.

Bernanke has votes for bond buys, analysts say

While discord at the Federal Reserve is on full display, Ben Bernanke has the votes he needs to buy government bonds if the Fed chairman decides that more asset purchases would help the economy avoid deflation and another recession, analysts say.
Read more on Bernanke has votes for bond buys, analysts say.

AIG government-exit plan gains momentum

Efforts to extricate American International Group Inc. from U.S. government ownership gained momentum on Wednesday.
Read more on AIG government-exit plan gains momentum.

Campaigner-in-chief Obama on the road again

So now President Obama is hitting the "campaign trail" to energize young voters for the midterm elections, and he went up to Madison this week to address students at the University of Wisconsin.
Read more on campaigner-in-chief Obama on the road again.

CNBC EVENING BRIEF : Could New Financial Rules Cause 'Flash Crash' in Bonds? . Sept. 29th., 2010


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CNBC Originals
CNBC 360 Trash Inc: The Secret Life of Garbage
One man’s trash has become another man’s multibillion-dollar treasure. Join Carl Quintanilla as he sifts through the garbage industry to discover where the money is made, who’s making it, and how trash amounts to a $52-billion industry. Go inside for an in-depth look at where our garbage goes once we throw it away. Premieres Tonight at 9:00 PM ET/PT
»Web Extra: See what happens to a water bottle once you throw it away


  • Stop Trading! Listen to Cramer
    Mad Money host Jim Cramer shares his view on the markets and economy.
    » Watch Video

  • GM's Plan
    GM is ready to roll out four new models at the Paris auto show. Insight on the company's plans with Steve Girsky, GM vice chair and CNBC's Phil LeBeau.
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  • Ford CEO at Paris Auto Show
    Ford CEO Alan Mulally speaks with CNBC's Phil LeBeau at the Paris Auto Show about the company's new Focus ST and the road map for other new vehicles.
    » Watch Video

  • Wall Street Bonus Watch
    Should Wall Street rein in bonuses this year, considering a number of them received help from the Federal government? Brandon Rees, of the AFL-CIO, and John Singer, a securities lawyer, share their views.
    » Watch Video

  • Entrepreneurship Boom
    The tough job market has prompted many to start their own businesses. Roger Jenkins, dean of the Farmer School of Business at Miami University, discusses this trend with CNBC.
    » Watch Video

»click here to see the latest top video from

RTTNews : Evening Market Wrap. Stocks See Modest Weakness Amid Light Economic Calendar - U.S. Commentary. Sept. 29th., 2010

EveningWed Sep 29 17:06 2010 Market Wrap   


Sep 29, 2010 Stocks See Modest Weakness Amid Light Economic Calendar - U.S. Commentary Stocks slid by modest margins on Wednesday, as profit taking won over on a day offering no major news on the economic front. Three members of the Federal Reserve offered conflicting opinions regarding additional quantitative easing, prompting some of the lackluster trading seen during the session. Full Article

Forex Commentary

Sep 29, 2010 Dollar Takes Another Beating Wednesday The dollar remained in the doldrums versus other majors on Wednesday, extending its lowest levels since April against the euro while approaching a new 15-year low against the yen. Traders remain convinced that another round of easing measures by the Federal Reserve will eat away at the value of the dollar. Full Article

Political News

Sep 29, 2010 Obama's Policies Increasingly Seen As Responsible For Economic ConditionsA majority of Americans continue to think President Barack Obama inherited the current economic situation, according to the results of a NBC/Wall Street Journal poll released on Wednesday, although those that say his policies are responsible for the economic situation have been steadily increasing. Full Article

NYT : Afternoon Business News.- Lehman Memories Sold Off Piece by Piece at Auction. Sept. 29th., 2010


Chinese Developers Tap Into Japanese Insecurity

A jumble of tensions has been set off by China's investment in Japan, especially land deals.

Lehman Memories Sold Off Piece by Piece at Auction

The oversized corporate sign of Lehman Brothers' London headquarters sold on Wednesday for $66,355.

After Crisis, Dubai Keeps Building, but Soberly

Dubai's economy is still the most globally integrated in the Middle East, but it has had to curb some excesses.

BP to Create New Safety Division

BP said it will set up a global safety division and make management changes as it seeks to absorb lessons from the Gulf of Mexico oil spill.

Appeals Court Denies S.E.C. Galleon Wiretaps

A federal appeals court ruled against the Securities and Exchange Commission in its effort to get government wiretaps to use in its insider-trading case against against the founder of the Galleon Group.

F & F I N : Reuters - Daily Investor Update .- Wall Street slips as it puts September rally on "pause". Sept. 29th., 2010

Wall Street slips as it puts September rally on "pause"
House set to pass bill aimed at Chinese yuan
Bernanke: Fed will shine light on emergency lending
AIG's Miller says U.S. may profit on bailout
Fed officials offer differing views on more easing
Barry Diller steps down as Live Nation chairman
J&J "let the public down' over recalls, CEO says
September auto sales seen up modestly
PepsiCo CEO named top businesswoman for 5th year
SocGen wins dismissal of U.S. suit over rogue trader

F & F I N : From Fox business .- Lawmakers Debate China Bill. Sept. 29th., 2010

Chinese Yuan 276
Lawmakers Debate China BillThe House of Representatives began debate on legislation that would put pressure on China to let its currency rise faster.

Fed Fake Out Fuels Mini Slide

The markets ended lower amid confusion over what play the Federal Reserve will call next.

Mayo: Citigroup is Dropping the Ball

Analyst Mike Mayo said the bank isn't spending money where it counts and is thus failing to keep up with the competition.

Business Owner Gives Obama an Earful

WATCH Small-business owner David Greenspon explains how President Obama evaded his question at Wednesday's backyard meeting in Des Moines.

Sick-Day Payouts Enough to Make You Ill

Bad public-worker policies cost taxpayers untold millions of dollars every year. Can it be stopped?

The Washington Post Afternoon Edition : Most Read Articles. Sept. 29th., 2010

Most Viewed Articles on

1) Woodward excerpts: Obama: 'We need to make clear to people that the cancer is in Pakistan'

The third of three articles adapted from "Obama's Wars" by Bob Woodward.

2) D.C., suburbs show disturbing increases in childhood poverty

Three out of 10 children in the nation's capital were living in poverty last year, with the number of poor African American children rising at a breathtaking rate, according to census statistics released Tuesday.

3) Lost in the system that took the house

Getting to the bottom of foreclosure errors is like "fighting a machine."

4) Freedom, snuffed out

As a smallish-town girl in New York City, I am all too aware of the appeal and horror of centralized government.

5) Colbert's circus tent

Stephen Colbert's testimony was not history repeating itself as farce -- it was history starting as farce.

6) Dana Milbank: The center of Obama's inner circle

No White House staffer could match Valerie Jarrett's influence over President Obama.

7) In his second act, Vick has something McNabb needs

The biggest lie a coach can tell is that a man cannot lose his job to injury. Of course he can. It's how history dumped Wally Pipp and gave us Lou Gehrig on the occasion of Pipp's headache. And it's the vehicle, however unfortunate for Kevin Kolb , for reintroducing us to Michael Vick .

8) Anti-outsourcing bill fails in Senate

The latest jobs bill from Senate Democrats - a plan to punish firms that ship jobs overseas - failed to clear a key procedural hurdle Tuesday after some Democrats complained that the measure would hamper the ability of U.S. companies to compete in foreign markets.

9) Can business afford Jim DeMint?

For all you in the business community who are rooting for a Republican victory in the November elections, a bit of unsolicited advice: Be careful what you wish for.

10) Crime Scene: Arrest in Tuesday U St. shooting

D.C. police have announced an arrest in the Tuesday afternoon shooting in the U Street area of Northwest.

The Washington Post Afternoon Edition .- Today's Opinions. Sept. 29th., 2010

Most Viewed Opinions Columns

1) Freedom, snuffed out

As a smallish-town girl in New York City, I am all too aware of the appeal and horror of centralized government.

2) Colbert's circus tent

Stephen Colbert's testimony was not history repeating itself as farce -- it was history starting as farce.

3) Dana Milbank: The center of Obama's inner circle

No White House staffer could match Valerie Jarrett's influence over President Obama.

4) Rallying the Democratic base

Two different marches will help rally the Democratic base.

5) Pakistan's cry for help

The U.S. military has been working hard to provide flood assistance, but most of that is invisible to Pakistanis.

6) How the future will judge us

Once, pretty much everywhere, beating your wife and children was regarded as a father's duty, homosexuality was a hanging offense, and waterboarding was approved -- in fact, invented -- by the Catholic Church. Through the middle of the 19th century, the United States and other nations in the Amer...

7) Lost in space

AMERICA'S SPACEFLIGHT program is about to enter a vacuum: a vacuum of vision. Even with expected passage of a resolution to provide NASA with its annual operating budget, it appears increasingly unlikely that Congress will be able to provide a guiding mission for NASA before it adjourns.

8) The growing poverty crisis

We know what needs to be done to reduce poverty. The question is who will fight that fight?

9) The war over the war

SUPPORTERS OF President Obama's strategy in Afghanistan can only be disheartened by the portrait of his administration provided in Bob Woodward's new book, " Obama's Wars ." By Mr. Woodward's account, many of the president's senior White House advisers believe that the modified counterinsurgency...

10) A sadder but wiser Axelrod packs his bags

David Axelrod, leaving Washington in defeat.

INVESTOPEDIA : Getting Through The Rough Patches In Trading.. Sept. 29th., 2010

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F & F I N : Why Gold is Soaring? .Sept. 29th., 2010

Gold Bars
Why Gold is Soaring There's a good reason why gold has topped $1,300 an ounce, and you can thank the White House.


Dow Drifts Lower at Start

Stocks ticked slightly lower as Wall Street struggles to find a catalyst to continue its September rally.

Deficit-Cut Panel Set to Meet

Amid skepticism, the commission meets today to find ways to cut the federal deficit.

BP Ousts Exploration Chief

Bob Dudley ousted the company's exploration and production chief and promised to boost safety.

House Set to Approve Yuan Bill

Lawmakers are expected to approve a measure to treat China's exchange rate as a subsidy.

Home Loan Demand Down

Mortgage applications fell for a fourth straight week as homeowners' can't take advantage of low rates.

MarketWatch : Special Financial Services.-Kocherlakota: Bond buys to make small impact. Sept. 29th., 2010

The Fed: Kocherlakota: Bond buys to make small impact
By Steve Goldstein MarketWatch

A new round of Federal Reserve bond buying would have a muted impact on the economy and markets, according to a Fed president who becomes a voting member next year. 

RTTNews: Daily Stock to Watch.- Thor Industries’ strong Q4 – Stocks To Watch. Sept., 2010

Daily Stocks to Watch Wed Sep 29 09:02 2010 


Stocks To Watch

Sep 29, 2010 Thor Industries’ strong Q4 – Stocks To WatchThor Industries, Inc. (THO), a manufacturer of recreation vehicles, commercial buses and ambulances, posted 64% growth in fourth-quarter profit, as sales grew 51%. Full Article
Sep 29, 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 Lackluster Open Amid Light Economic Calendar - U.S. Commentary . Sept. 29th., 2010

Morning Market Briefing Wed Sep 29 09:01 2010 


Sep 29, 2010 Stocks Set For Lackluster Open Amid Light Economic Calendar - U.S. Commentary Stock futures are showing little change in morning trading on Wednesday, as traders are likely to be little willing to adjust their market positions amid a lack of first-tier economic reports. The major index futures are nearly flat, with the Dow futures up by 2 points. Full Article

Economic News

Sep 29, 2010 Eurozone Sept. Economic Sentiment Strongest Since 2008 Euro area economic confidence strengthened in September to the highest since January 2008 with a broad based pick up across the components, although there remains large regional disparities. Full Article
Sep 29, 2010 South Korea Current Account Surplus Falls South Korea's current account surplus fell to a four-month low in August due to lower shipments in the summer vacation season, the country's central bank said on Wednesday. The country has now recorded a positive current account balance for seven straight months. Full Article
Sep 29, 2010 Chinese Manufacturing Picks Up In September China's manufacturing activity picked up to a five-month high in September, survey data showed on Wednesday. However, it was still well away from the record high levels registered at the start of the year. Full Article
Sep 29, 2010 Mixed Message From BoJ's Tankan SurveyThe Bank of Japan's quarterly Tankan survey showed on Wednesday that the large manufacturers' index hit a fresh two-year high in the third quarter of 2010, gaining for the sixth straight quarter while posting a score of 8. Full Article
Sep 29, 2010 New Zealand August Trade Deficit NZ$437 MlnNew Zealand posted a trade deficit of 437 million New Zealand dollars, Statistics New Zealand said on Wednesday, or 14 percent of the value of exports. Full Article

Earnings News

Sep 29, 2010 HP sees FY11 sales, profit above street viewHewlett-Packard Company or HP (HPQ) provided its fiscal 2011 revenue and earnings per share guidance that surpassed the analysts' expectations. HP shares were up in after hours trading. Full Article
Sep 29, 2010 Family Dollar Stores Q4 profit up; to buy back sharesFamily Dollar Stores Inc. (FDO) reported a 23% rise in its fourth-quarter net profit, helped by strong sales, mainly in the Consumables category, and customer traffic growth. Quarterly earnings per share came in above the Street view, while revenues met analysts' forecast. Also, the company issued its guidance for both the first quarter and fiscal year 2011. Additionally, the board has authorized the company to buyback $750 million of its common stock. Full Article

Corporate News

Sep 29, 2010 Northrop Grumman granted $2.63 Bln worth Homeland Security contractNorthrop Grumman Corp. (NOC) bagged a $2.63 billion task order from the U.S. General Services Administration to install a campus-wide information technology infrastructure at the U.S. Department of Homeland Security headquarters in Washington D.C. The 10-year contract was awarded under the Alliant indefinite delivery, indefinite quantity contract, which runs for five years, with options to extend it for up to another five. Full Article
Sep 29, 2010 Campbell Soup CEO Douglas Conant To Step Down; Denise Morrison named COOCampbell Soup Co. (CPB) announced that its Chief Executive Douglas Conant would step down on July 31, 2011. In addition, the board has named Denise Morrison executive vice president and chief operating officer, effective October 1, 2010, who is anticipated to succeed Conant as CEO at the beginning of fiscal 2012. Also, Morrison has been elected a Director of the company as of October 1. Further, the company announced the new senior leadership team that would report to Morrison. Full Article

Broker Ratings Changes

Sep 29, 2010 Janney Montgomery Scott Downgrades J. Crew Group, Inc. (JCG) To Neutral From Buy With $37 Price Target

Todays WS Events

Sep 29, 2010 Ford Motor To Present At Paris Auto Show UBS Investor Conference; Webcast At 8:15 AM ET Ford Motor Co. (F) will make a presentation at the Paris Auto Show UBS Investor Conference. The event is scheduled to begin at 8:15 AM ET, September 29, 2010. A listen only audio webcast can be accessed at
Sep 29, 2010 FedEx Investors And Lenders Meeting At 9:00 AM ET FedEx Corporation (FDX) will host its Investors and Lenders Meeting . The event is scheduled to begin at 9:00 AM ET, September 29, 2010. To access the webcast, log on at
Sep 29, 2010 Honeywell International To Present At Oppenheimer Fifth Annual Industrials Conference; Webcast At 9:Honeywell International Inc. (HON) will make a presentation at the Oppenheimer Fifth Annual Industrials Conference in New York. The event is scheduled to begin at 9:30 AM ET, September 29, 2010. To access the live audio webcast, log on at
Sep 29, 2010 Family Dollar Stores Q4 10 Earnings Conference Call At 10:00 AM ET Family Dollar Stores Inc. (FDO) will host a conference call at 10:00 AM ET, to discuss Q4 10 earnings results, on September 29, 2010. To access the live webcast, log on at To participate in the call, dial (800) 779-6561 (US) or (517) 308-9046 (International) using passcode is FAMILY DOLLAR.
Sep 29, 2010 Lowe's To Present At Telsey Advisory Group Consumer Conference; Webcast At 11:10 AM ET Lowe's Cos. (LOW) will present at Telsey Advisory Group Consumer Conference in Las Vegas, NV. The event is scheduled to begin at 11:10 AM ET, September 29, 2010. To access the webcast, log on to

GOLD Mineweb : The golden decade - how gold has risen nearly five-fold in 10 years and continues upwards. Sept. 29th., 2010

Mineweb logo





FEATURED PODCASTS                                                     

Gold at $1,300, where to from here? - James Turk, Founder and Chairman, Gold Money

"Whether we hit that $1,800 or $2,000 target this year or next year really doesn't matter. You're running a bull market and what people have to focus on is continue to accumulate gold because it's still relatively cheap"

TOP STORIES | Wednesday , 29 Sep 2010                                                     

The golden decade - how gold has risen nearly five-fold in 10 years and continues upwards

An analysis of gold's rise from just $275 ten years ago to $1300+ today and the changes in perception which have kept it on rising.    Wednesday , 29 Sep 2010

China's impact on global gold trade set to grow - WGC

The WGC believes the easing of restrictions on China's gold imports should boost its influence on the global bullion trade as Chinese investors turn to the open market to satisfy their hunger for the metal    Wednesday , 29 Sep 2010

Gold Reserve files $1.9bn claim against Chavez Administration for Las Brisas

The growing plethora of arbitration claims against the administration of Venezuelan President Hugo Chavez now includes Gold Reserve's quest for compensation for the loss of its Las Brisas gold project.    Wednesday , 29 Sep 2010

Jilted NGM challenges Paladin's withdrawal

African uranium explorer NGM Resources, unhappy about the change of heart of fellow Australian Paladin will apply the Takeovers Panel to challenge the validity of Paladin's withdrawal of a takeover bid.    Wednesday , 29 Sep 2010

Gold, the ultimate bubble, but one that is far from bursting

Billionaire financier George Soros recently repeated his warning that gold is locked in the ultimate bubble but that hasn't stopped him buying gold, here's why    Wednesday , 29 Sep 2010

Industry expects another good year for gold ahead

Delegates at a gold industry conference not only forecast gold would continue to move higher in the next 12 months but also continued weakness in the dollar and rising US inflation    Wednesday , 29 Sep 2010

Pension funds see gold as a trump card

According to the fund manager of the Teacher Retirement System of Texas that the yellow metal's lack of correlation to other assets makes it a key component of a fund portfolio    Wednesday , 29 Sep 2010

Gold recovers to set new highs as investors buy the dip and consumer confidence flags

The sharp morning dip in the gold price coupled with more poor economic news in the U.S. and continuing worries on Eurozone sovereign debt caused a falling gold market to reverse and reach yet new highs.    Tuesday , 28 Sep 2010

Guyana Goldfields receives environmental approval for Aurora Gold

The junior gold explorer said it has received the environmental permit from the Guyanese Environmental Protection Agency, an essential requirement for the approval of its final mining licence    Tuesday , 28 Sep 2010

COMPANY RELEASES                                                     

Cluff Gold announces maiden profit of US$6m, confirms position as a 100,000 oz/y gold producer

Galaxy Gold appeals JSE listing decision

Extorre Gold announces closing of $40 million bought deal equity financing

Capital Gold responds to Timmins Gold announcement

Further high grade drill results from African Aura's New Liberty gold project

Catalpa Market update: Edna May gold mine SAG Mill repaired & operating ahead of schedule

Crescent lifts Laverton gold reserves by 140%

FORBES : We Need Better Leadership From The U.S. CIO. Sept. 29th., 2010

We Need Better Leadership From The U.S. CIO
Mike Schaffner
Vivek Kundra has not been strategic enough.

The Three Big Dangers For China's Real Estate Sector
Shaun Rein
A bubble right now is not one of them. Forex Trading Volume Minimizes Swings
Oxford Analytica
In most developed economies currency trading is such a huge market that no one player can cause a substantial move.

F & F I N : Reuters - Before The Bell.- Index futures edge lower as investors eye dips . Sept.. 29th., 2010

Index futures edge lower as investors eye dips
House set to approve bill aimed at China yuan
More Fed easing not yet a done deal, Lockhart says
BP vows to boost safety, ousts exploration chief
U.S. aims to unveil plan to end AIG support: report
Family Dollar profit tops Wall Street view
Brussels ups pressure in Irish budget crisis
Sanofi reported weighing higher Genzyme offer
Gold hits record highs as markets eye U.S. easing
Deficit-cut panel convenes amid skepticism