Search This Blog

Translate

Search Tool




Oct 6, 2010

MarketWatch: Special Financial Service Alert.- As outlook sours, international tensions grow. Oct. 6th., 2010

MarketWatch
  SPECIAL FINANCIAL SERVICE ALERT
As outlook sours, international tensions grow
 
By Greg Robb MarketWatch


Gathering of countries at the annual International Monetary Fund and World Bank annual meetings seen unlikely to reach accord on new steps to help global economy or to ease discord on currency rates. 

FINANCIAL AND FOREX INFO NEWS: FINANCIAL TIMES .- Crash Report / US headed for Japan-style economic slump?. Oct. 6th., 2010

Editor's Choice
Flash crash report - no prescription
11:30 AM  The official report into the May 6 flash crash was very detailed on what went wrong, but had little on how do avoid another, according to Larry Tabb of Tabb Group, a capital markets research and advisory firm. Mr Tabb explains to Jeremy Grant that what needs to be done to avoid another flash crash won't be done and why.  (6m 7sec)
Larry Tabb on market remedies that won't happen Oct 6 2010

US headed for Japan-style economic slump?
Oct 5 2010  David Rosenberg, one of the first economists to warn investors of the recession, says the US is headed for an extended economic slump similar to the one Japan experienced in the 1990s. Mr Rosenberg, chief economist and strategist at Gluskin Sheff, says markets will become more robust once hiring picks up and consumers feel more confident.  (5m 13sec)


MarketWatch : Persopnal Finance Daily .- Real estate slump could last the decade. Oct. 6th., 2010

MarketWatch

Personal Finance Daily
OCTOBER 06, 2010

Wednesday's Personal Finance stories:

Don't miss these top stories:


By MarketWatch






Owning a home of your own not only has been part of the American Dream, over the past decade it's become a measure of success around the world.

The dream was over once the credit crunch hit, and the unsound loans and overbuilding toppled this chicken coop and the banking companies that funded it.

Over the past three years, hopes that the worst of the downturn had passed have been dashed time and again. Now the International Monetary Fund estimates that the world's property woes won't ease until the end of the decade, at least.

In theory, low interest rates globally should spur real estate demand, but cheap money is not the same as easy money. Credit is still difficult to obtain, and what potential buyers there are must overcome uncertainty about the wisdom of such a major purchase.

Read about the IMF forecast, watch the latest personal finance videos, and check out what columnist Chuck Jaffe has to say about investment risk. Understanding the hazards of investments you own — and of what you don't — just might spur a closer look at real estate and other beaten-down assets.

Jonathan Burton , Money & Investing editor

REAL ESTATE

Real estate downturn could last 8 years: IMF

The International Monetary Fund sees problems for real estate values both in the "bust" countries, such as the United States, Spain and Ireland, and the "rebound" economies, such as the Asia-Pacific region, most Scandinavian countries, and Canada.
Read about IMF's gloomy forecast for global real estate.



YOUR MONEY

Saving for college gets simpler

Despite the recession, more Americans are saving for college. Jilian Mincer of Dow Jones Newswires talks with 529 college savings consultant Andrea Feirstein about what families can do to make it easier.
Watch video on ways to save for college.

Maximize your income on a budget

Personal finance expert Dave Ramsey discusses how people can budget to maximize their income.
Maximize your income on a budget.

Avoid common retirement-savings mistakes

Saving money is hard enough without worrying about how to fund your retirement years, but there are ways to get ahead. Stuart Ritter, a financial adviser with T. Rowe Price, highlights some fundamental steps that new retirees and those near retirement can take.
Watch video on how to avoid retirement-savings mistakes.

INVESTING

Understand investing risks

Investors are doing what feels good, rather than what most experts believe is right. If you fall into that category, you may want to toughen up and learn from the mistakes of others.
To win the investing game, know the risks

Nasdaq ETF leads the pack

PowerShares QQQ has benefitted from the Nasdaq-100 Index's outperformance versus major stock benchmarks recently, but its path is closely linked to tech giant Apple Inc., which comprises one-fifth of the exchange-traded fund's assets.
See how Nasdaq ETF rally hinges on Apple.

Are the best gold timers still bullish?

Over the last six months, the gold timers with the best track records have been consistently bullish on gold, both in their own right and in contrast to the gold timers with the worst records. But with gold's rate of increase accelerating, some are worried that the yellow metal is in a blow-off phase that will end badly.
Read Mark Hulbert's story about gold timers.

CNBC : Evening Brief.- Warning Signs: Some Gold Bulls Brace for Correction. Oct.6th., 2010





LATEST STORIES


»click here to see the latest top stories from CNBC.com

All-New CNBC Original
CNBC 360 GOLDMAN SACHS: POWER & PERIL
Goldman Sachs has long been home to Wall Street’s best and brightest. Now, this storied institution has found itself the subject of public scorn. Join David Faber as he reports on the king of the financial world, and its tarnished crown. Premieres Tonight, at 9:00PM ET/PT
»more info


LATEST VIDEO

»click here to see the latest top video from CNBC.com

RTTNews Evening Market Wrap.- Private Sector Unexpectedly Cuts 39,000 Jobs In September

Evening Market Wrap Wed Oct 6 17:01 2010  

Economic News

Oct 6, 2010 Private Sector Unexpectedly Cuts 39,000 Jobs In September Private sector employment unexpectedly decreased in the month of September, according to a report released by Automatic Data Processing, Inc. (ADP) on Wednesday, with the data raising some concerns about Friday's employment report from the Labor Department. ADP said private sector employment fell by 39,000 jobs in September following a revised increase of 10,000 jobs in August. Economists had expected employment to increase by about 18,000 jobs. Full Article

Earnings News

Oct 6, 2010 Costco Q4 Profit Climbs, Tops Estimates; Sept. Sales Rise - Update Membership warehouse club operator Costco Wholesale Corp. (COST) reported Wednesday a higher profit for its fourth quarter ended August 29, which also beat market projections, boosted by strong comparable store sales growth mainly overseas. The company also posted a 5% rise in comparable store sales for the month of September and a 10% rise in net sales. Full Article

F & F I N : Reuters - Daily Investor Update .-Wall Street slips after downgrade hits tech. Oct. 6th., 2010




FROM: REUTERS - DAILY INVESTOR UPDATE

Wall Street slips after downgrade hits tech
Corrected: GE a buyer once more with energy and finance deals
Verizon to sell Apple iPhone from early 2011: report
Fed move seems likely after private sector sheds jobs
Markets must be allowed to drive currencies: Geithner
Madoff clan denies fraud role, seek suit dismissal
GM ends consulting deal with ex-CEO Henderson
Could Republicans gut parts of Wall St reform law?
IMF revises U.S. growth down, jobs picture bleak
Justice Department looking into home foreclosure mess

NYT : Afternoon Business Update: Canceling Dubai Deals Is Nearly Impossible. Oct 6th., 2010



BUSINESS

Canceling Dubai Property Deals Is Nearly Impossible

By LIZ ALDERMAN
Scores of buildings around Dubai are well past their delivery date, or have yet to be started. For investors, there is little hope of getting their money back.

F.T.C. Proposes Tighter Rules for Green Claims

By TANZINA VEGA
The commission's revised guidelines warn against using labels that make claims that cannot be substantiated.

Geithner Calls for Global Cooperation on Currency

By SEWELL CHAN
The administration is looking to the I.M.F. to help bring about greater flexibility by China on exchange rates.

Monsanto Income Drops by Nearly Half

By ANDREW POLLACK
Executives, seeking to reassure investors, predicted earnings per share would grow 13 to 17 percent in the next fiscal year.

U.S. Indexes Find Little Reason to Rally

By CHRISTINE HAUSER and DAVID JOLLY
Wall Street wavered after the payroll company ADP reported that private employers shed 39,000 jobs in September, the first loss in several months.

The Washington Post Afternoon Editiom: Most read Articles. Oct..6th., 2010

Washington Post

Most Viewed Articles on washingtonpost.com

1) A Clinton-Biden swap 'on the table'? Absolutely not, says Axelrod.

A tantalizing notion has gained steam around Washington in recent months: President Obama will toss Vice President Biden off the ticket in 2012 and replace him with Secretary of State Hillary Rodham Clinton.

2) Amid backlash and budget deficits, government workers' pensions are targets

PHILADELPHIA - Faced with deep budget deficits and overextended pension plans, state and local leaders are increasingly looking to trim the lucrative retirement benefits that have long been associated with government employment.

3) Taliban in talks with Karzai government

Taliban representatives and the government of Afghan President Hamid Karzai have begun secret, high-level talks over a negotiated end to the war, according to Afghan and Arab sources.

4) Taliban in high-level talks with Karzai government, sources say

Taliban representatives and the government of Afghan President Hamid Karzai have begun secret, high-level talks over a negotiated end to the war, according to Afghan and Arab sources.

5) The GOP's purity mania

Lisa Murkowski fails the 'faithful conservative' test.

6) The costs of rising economic inequality

Although much of the Republicans'"Pledge to America" is given over to a discussion of economic issues, there is one topic that is never mentioned: the dramatic rise in income inequality. As with global warming, Republicans seem to have decided that the best way to deal with this fundamental chall...

7) Faster Forward: Foursquare latest social-media site to stumble

What's worse than having an extended site outage that merits a lengthy, apologetic blog post? Having another site outage hours after you've confessed your site's sins.

8) Pelosi, lawmakers call for federal probe on mortgage lenders

House Speaker Nancy Pelosi called on the Justice Department to investigate the nation's largest mortgage lenders on Tuesday, and Maryland joined a growing list of states seeking to halt foreclosures while they probe claims of fraudulent filings.

9) A 'villain' that's really a hero

Blaming teachers for the dysfunction of inner cities lets more culpable parties off the hook.

10) Life term for failed Times Square bomber

The man who tried to bomb Times Square in May was sentenced to life in prison Tuesday, bringing a quiet end to a case that dramatized what authorities say is a growing threat from domestic and global terrorists.

CFTC : Foreign Board Of Trade / International Issues On Wall Street Reform / Derivatives Reform Comparison





Foreign Boards of Trade and the Dodd-Frank BillTue, 05 Oct 2010 15:48:00 -0500
Foreign Boards of Trade and the Dodd-Frank Bill

International Issues in the Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection ActTue, 05 Oct 2010 15:43:00 -0500
International Issues in the Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act

Derivatives Reform: Comparison of Title VII of the Dodd-Frank Act to International LegislationTue, 05 Oct 2010 15:44:00 -0500
Derivatives Reform: Comparison of Title VII of the Dodd-Frank Act to International Legislation

NFA Enforcement Actions : NFA takes emergency enforcement action against Woodland Hills firm Rock Financial Group LLC and its principal, Scott Schaffer. OPct. 6th., 2010

MarketWatch . Special Financial Services Alert : Israel Stocks Fall ...

MarketWatch
 SPECIAL FINANCIAL SERVICES Alert
 
Israel Stocks: Israel stocks fall; shekel stronger
 
By Robert Daniel MarketWatch


The Israeli benchmark stock index breaches its historic closing high, only to fall back and close lower, led by Bank Hapoalim, Israel Chemicals and Teva Pharmaceutical. 

GATA : THE GATA DISPATCHES.- James Turk Interwied About Metals / Brett Arens Gold Mania ? ... / Peter Grandich : March CFTC hearing on Silver Explosion

James Turk interviewed about metals breakout at King World News

1:44a ET Wednesday, October 6, 2010
Dear Friend of GATA and Gold (and Silver):
GoldMoney founder and GATA consultant James Turk has given a quick audio interview to Eric King of King World News about the breakout in gold and silver and the prospects for mining shares. You can find it at the King World News Internet site here:
http://bit.ly/b9M6h7
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Brett Arends: Gold mania? Not quite

 
By Brett Arends
The Wall Street Journal
Wednesday, October 6, 2010
http://online.wsj.com/article/SB1000142405274870384380457553401029148991...
The conventional wisdom on Wall Street is that the gold bubble is about to pop.
After all, people will tell you, the little guy is now totally on this bandwagon. Ordinary Mom and Pop investors from Bakersfield to Boston have dumped their stocks and poured their money into gold coins and bullion funds. It's a mania–just like Nasdaq '99, real estate '04, gold '10. Look at all the TV commercials. Look at these new gold coin vending machines. Everybody knows that when the ordinary public get into a boom, the smart money gets out. Right?
I decided to check out the facts on this urban legend. And they may surprise you.
How much have ordinary Americans actually invested in gold this year?
According to Financial Research Corp., a Boston firm which tracks the data, investors poured $7.4 billion into gold bullion through exchange-traded funds from the start of the year through the end of July. Nearly all of that went into State Street's SPDR Gold Trust.
But a lot of that money came from big institutions like pension funds, hedge funds and mutual funds. According to State Street, these account for at least 45% of the investment in GLD these days.
So individual members of the public probably accounted for only about half the new investment, or $3.7 billion.
The public has also been buying gold coins and bars. According to GFMS, Ltd., the London-based consultancy that produces the most authoritative figures, U.S. investors bought about 45 metric tons of gold bars and coins in the first half of this year. This is less than they bought last year.
Based on prices in the first half, that maybe accounted for another $1.7 billion or so of investment.
Grand total: The public bought about $5.4 billion worth of gold.
But the story doesn't end there. At the same time, others were selling gold. Lots of it. I was walking through the mall on Saturday when a young woman came up to me, thrust a plastic bag and leaflet under my nose, and asked me if I had any old gold jewelry to sell. The company she worked for would do a deal on the spot.
This is a new twist on a well-established business. In every major town there are stores that do a busy trade buying and selling gold. As the price of gold has risen, more and more people have been ringing the bell. In an economy like this, where so many people are struggling, it is a tempting offer.
How much has been sold? Nobody knows for certain. But GFMS says the figures so far are about 10% to 20% higher than last year. Some very rough numbers suggest sales through the first half may have come to about 70 metric tons or so–worth maybe $2.7 billion.
So if individualsbought $5.4 billion worth of gold, and sold about $2.7 billion, their total net investment comes to $2.7 billion. These are the figures through early summer: July for the bullion funds, end of June for the physical gold.
Are these bubble levels? Is the mania near its peak?
Try this. Through the end of July, according to FRC, investors poured $22 billion into emerging markets mutual funds. And a remarkable $155 billion into bond funds. Compared to these figures, the amount invested into gold is chickenfeed.
But it's a tiny share of retail investment this year. It's hard to call it a public mania.
And what about more recently, as the gold price has surged? Once again, the figures are surprising. The total ounces of gold held by the GLD has risen just a couple of percentage points since July. GFMS says that gold coin sales had a weak third quarter here in the U.S.
What this means next for gold is another matter. I'll repeat my own views on this. While I am deeply skeptical of gold as a long-term investment, I recognize that it is in a secular bull market and I suspect it may be the next fully-fledged mania. Currency debasement is a theme unlikely to go away any time soon.
I keep hearing everyone tell me gold is so over. But I don't know many people who actually hold much in their own portfolio. I'd find it easier to believe gold was totally over if no one was saying it and everyone was bragging about all the gold coins they held.
Where does this leave you, the investor?
The gold price has had a great run in the past few weeks - ever since Ben Bernanke warned he might print dollars to buy up more government bonds. And the latest news from the options and futures market suggest it may be due for a pullback: According to Kasper Kirkegaard, a commodities analyst at Danske Bank, speculative betting on a price rise is now near record levels. That usually precedes some kind of reversal. Proceed with caution–as usual.
If you want to play this bubble and you think it has a long way to run, but you want to minimize your risks, one smart way is to buy "out of the money" call options. They're like a long-odds bet on a price jump. That gives you plenty of upside in a boom with small risk. Building positions in stages, instead of jumping all-in at once, remains the way to go.

Peter Grandich: March CFTC hearing sparked silver explosion

 
11:55a ET Wednesday, October 6, 2010
Dear Friend of GATA and Gold (and Silver):
Market analyst Peter Grandich's letter today reviews the stock, currency, bond, gold, silver, and energy markets and remarks, among other things, that silver's explosion was prompted by the March 25 hearing of the U.S. Commodity Futures Trading Commission, in which, as you may recall, GATA played a central part. You can find Grandich's commentary at his Internet site here:
http://www.grandich.com/2010/10/update-820am-est/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Join GATA here:
The Silver Summit
Thursday-Friday, October 21-22, 2010
Davenport Hotel, Spokane, Washington
http://www.silversummit.com/

New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
http://www.neworleansconference.com/redirect.php?page=index.html&source_...

* * *
Support GATA by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
http://www.goldrush21.com/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:

http://www.gata.org/node/16

F & F I N ( Financial & Forex Info News): Reuters - Deals Today .- GE inks $4.6 billion in deals in big return to M&A





GE inks $4.6 billion in deals in big return to M&A
Rio Tinto seen poised to scrap iron ore jv with BHP
J&J wins Crucell's backing for $2.4 billion bid
Citi sells retail partner card portfolios to GE Cap
JPMorgan tops investment bank fee rankings
Prada mulls possible Hong Kong IPO in 2011
Debt worries returning to haunt Endemol
Analysis: Wall Street banks get a jump on impending rules
Kremlin chief to court Algeria on Vimpelcom deal
Analysis: MS drug a wild card in Genzyme fight

RTTNews Morning Market Briefing.- Stocks May See Lackluster Open After Disappointing Jobs Report . Oct. 6th., 2010

Morning Market Briefing Wed Oct 6 09:01 2010 


Commentary

Oct 6, 2010 Stocks May See Lackluster Open After Disappointing Jobs Report - U.S. Commentary Stock futures are nearly flat on Wednesday following a disappointing private sector employment report released by Automatic Data Processing, Inc. (ADP). The major index futures are all near the unchanged mark, with the Dow futures down by 3 points. Full Article

Economic News

Oct 6, 2010 German Factory Orders Recover Strongly In August German factory orders rose more than expected in August after falling in July, adding to existing signs that a double-dip is unlikely in the euro area. Full Article
Oct 6, 2010 IMF Sees 4.8% Growth For World Economy This YearThe world economy will grow 4.8% this year led by emerging market and developing countries, the International Monetary Fund said in its latest edition of the World Economic Outlook. Full Article
Oct 6, 2010 Exports Lift Eurozone Q2 GDP Growth The Eurozone economy recorded its fastest expansion in four years as estimated in the second quarter as stagnation in household spending growth was counteracted by acceleration in exports and investment. Full Article
Oct 6, 2010 U.K. Shop Price Inflation Rises Shop price inflation in Britain rose to a five-month high in September fueled by higher commodity prices, a new survey showed on Wednesday. A separate survey found that demand for workers in the U.K. continued to slow last month, suggesting the government's public spending cuts are having an increasing impact on recruitment activity. Full Article
Oct 6, 2010 Private Sector Employment Unexpectedly Drops In September Private sector employment unexpectedly decreased in the month of September, according to a report released by Automatic Data Processing, Inc. (ADP) on Wednesday, with the data likely to raise some concerns about Friday's employment report from the Labor Department. Full Article

Earnings News

Oct 6, 2010 Constellation Brands Q2 profit dips 8%, yet adj. EPS beats StreetWednesday, Constellation Brands Inc. (STZ) reported an 8% drop in profit for the second quarter, as sales dipped 2% from last year. Adjusted earnings declined 9%, yet surpassed the Street view, as did revenues. Looking ahead, the firm provided earnings guidance range for fiscal year 2011, with the current estimate of analysts lying within the range. Full Article
Oct 6, 2010 Yum! Brands Q3 profit up 7%, beats Street; lifts FY10 EPS viewTuesday, Yum! Brands Inc. (YUM) reported a 7% rise in third-quarter profit, helped by strong growth in China that offset weakness in the U.S markets. Adjusted earnings per share came in above the Street view. Looking ahead, the company lifted its fiscal 2010 earnings outlook that is same as the current estimate of analysts. Full Article
Oct 6, 2010 Costco Q4 profit rises 15.5%, beats estimateWednesday, Costco Wholesale Corp. (COST) reported a 15.5% rise in fourth-quarter profit, helped by robust overseas same store sales growth. Earnings came in above the Street view. Total revenue for the period went up 7.8% year-over-year, as same store sales grew 6%. The company also revealed that comparable store sales for the month of September climbed 5% and net sales improved 10% from last year. Full Article
Oct 6, 2010 Monsanto Q4 net loss narrows mainly on lower chargesWednesday, Monsanto Co. (MON) reported a narrower loss for the fourth quarter. Excluding restructuring charges, the company reported a loss, compared to profit last year. The company also reported an adjusted loss compared to a cent per share profit forecast by the Street. However, quarterly revenue grew 3.9% year-over-year to surpass estimates. For fiscal 2011, the company guided adjusted earnings to come below the current consensus estimate. Full Article

Corporate News

Oct 6, 2010 J&J to buy out Crucell for $2.4 blnWednesday, Johnson & Johnson (JNJ) said it agreed to buy all the outstanding equity of Crucell N.V. (CRXL) that it does not already own for about EUR 1.75 billion or about US$2.43 billion in a cash tender offer. The company expects the EUR 24.75 per share deal, which would close in the first quarter of 2011, to be dilutive to the its 2011 earnings. Full Article
Oct 6, 2010 GE says Wellstream snubs its 750 pence/shr acquisition bidWednesday, General Electric Co. (GE) revealed that the 750 pence per share cash proposal it made to acquire Wellstream Holdings plc (WSM.L) was rejected by the target company. The bid price values Wellstream at about $1.2 billion. GE said it was not sure if it would take any further action. Full Article

Broker Ratings Changes

Oct 6, 2010 FBR Capital Markets Starts J. C. Penney Company, Inc (JCP) At Underperform
Oct 6, 2010 FBR Capital Markets Starts Kohl`s Corp. (KSS) At Market Perform
Oct 6, 2010 KeyBanc Capital Markets Starts Pioneer Natural Resources Co. (PXD) At BUY With $90 Price Target

Todays WS Events

Oct 6, 2010 Monsanto Q4 10 Earnings Conference Call At 9:30 AM ET Monsanto Co. (MON) will host a conference call at 9:30 AM ET, October 6, 2010, to discuss its Q4 10 earnings results. To access the live webcast, log on at www.monsanto.com/investors
Oct 6, 2010 Constellation Brands Q2 11 Earnings Conference Call At 10:30 AM ET Constellation Brands, Inc. (STZ) will host a conference call at 10:30 AM ET, to discuss Q2 11 earnings results, on October 6, 2010. To access the live webcast, log on at www.cbrands.com To hear the live call, dial +973-935-8505.
Oct 6, 2010 AT&T To Present At CTIA Enterprise & Applications Conference; Webcast At 12:30 PM ET AT&T Inc. (T) CEO, Ralph de la Vega will present at the CTIA Enterprise & Applications Conference in San Francisco. The event is scheduled to begin at 12:30 PM ET, October 6, 2010. To access the live webcast, log on to www.att.com/investor.relations
Oct 6, 2010 Oracle Annual Meeting Of Stockholders At 1:00 PM ET Oracle Corp. (ORCL) will hold its Annual Meeting of Stockholders in the Oracle Conference Center, on October 6, 2010. The event is scheduled to begin at 1:00 PM ET. To access the live webcast, log on at www.oracle.com/investor
Oct 6, 2010 Verizon President And COO To Speak At CTIA Conference At 1:30 PM ET Verizon Communications (VZ) President and COO Lowell McAdam will speak at the Enterprise & Applications conference hosted by the CTIA wireless industry trade association on 6th, October, 2010 in San Francisco. The presentation webcast is scheduled to begin at 1:30 PM ET. To access the live webcast, log on to www.verizon.com/investor Verizon Wireless will also webcast a related news conference with McAdam at 2:30 PM ET. The news conference can be accessed at www.verizonwebcasts.com/vzw/10825
Oct 6, 2010 Yum! Brands Q3 10 Earnings Conference Call At 9:15 AM ET Yum! Brands, Inc. (YUM) will host a conference call at 9:15 AM ET, October 6, 2010, to discuss its Q3 10 earnings result. To access the live webcast, log on at http://investors.yum.com/phoenix.zhtml?c=117941&p=irol-EventDetails&EventId=2676775

WSJ : India Alert : Global Growth will slow more sharply than expected in 2011 Aticle and Chart projections of growth.

India Alert
from The Wall Street Journal


Global growth will slow more sharply than expected in 2011 as advanced economies slash their budgets amid the continuing sovereign debt crisis, the International Monetary Fund said Wednesday.

Growth prospects for the U.S. took the IMF's largest downgrade, falling to 2.3% in 2011 from a previous estimate of 2.9%. China's growth rate is still expected to fall slightly to a still-steamy 9.6% from 10.5%. The IMF sees euro-zone economies averaging 1.7% growth this year and 1.5% next year -- both improvements on its previous projection, helped by strength in Germany.

http://online.wsj.com/article/SB10001424052748703735804575535703112209576.html?mod=djemalertIndianews

Table of IMF's projected growth for U.S., euro zone, China and other major economies:
http://blogs.wsj.com/economics/2010/10/06/sortable-chart-the-imfs-new-growth-projections/

MarketWatch : Special Financial Services : IMF says Developed economies to slow. Oct 6th., 2010

MarketWatch
 SPECIAL FINANCIAL SERVICES

Economic Report: Developed economies to slow, IMF says

By Steve Goldstein MarketWatch


Economies in developed countries such as the United States and Europe will slow during the second half of 2010 and the first half of next year, the International Monetary Fund predicts as it warns of “downside” risks. 

FINANCIAL AND FOREX INFO NEWS (F & F I N ) : fFOX BUSINESS .- ADP report shows private sector lost 39,000 jobs in September





employment unemployment job listings 276
Private Sector Sheds Jobs A private employers unexpectedly cut 39,000 jobs in September after an upwardly revised gain of 10,000 in August.


FOX Business: THE POWER TO PROSPER

Futures Rally Fizzles

Stock futures lost some traction before the bell as traders sort through employment data.

Fitch Downgrades Ireland

Fitch Ratings downgraded Ireland's credit rating to A+ from AA- and put it on a negative outlook.

Lawmakers Seek Foreclosure Probe

California lawmakers are calling for federal investigations into how firms handled foreclosures.

Mortgage Rates Hit Record Lows

Homeowners took advantage of low rates as mortgage applications rose for a second straight week.

IMF Warns Against Currency War

The IMF chief says a growing drive by nations to cap the strength of their currencies risks derailing recovery.

MarketWatch: Special Financial Services .- Stocks Point Future WS Gains / Mining Stoks Lead Gains in London

MarketWatch
SPECIAL FINANCIAL SERVICES
 
Indications: U.S. stock futures point to further Wall St. gains  
By Simon Kennedy MarketWatch
10/6/2010 06:15:15 AM



U.S. stock futures extend previous session’s rally, with earnings and a key employment report in focus.  

London Markets: Mining stocks lead gains for London
 
By Barbara Kollmeyer MarketWatch


Record ground for gold futures triggers a rally in mining shares in London, driving the index to its second day of gains. EasyJet up 8% on guidance. 


F & F I N : Reuters - Before The Bell.- Stock futures rise ahead of private sector ADP jobs data. Oct. 6th., 2010.




FROM: REUTERS - BEFORE THE BELL

Stock futures rise ahead of private sector ADP jobs data
Costco quarterly profit rises
IMF warns against currency war
J&J sticks to $2.4 billion bid for Crucell
Fitch downgrades Ireland on bank clean up, economy
Planned layoffs edge up in September: Challenger
Lawmakers seek foreclosure investigations
Retail experts see rosier holiday season
Google denies Oracle's Android copyright complaint
Rio Tinto seen poised to scrap iron ore jv with BHP

WSJ : India News Update : Badminton Academy Trains Star, Still Struggles. Oct. 6th., 2010


October 6, 2010 
Badminton Academy Trains Star, Still Struggles
Pullela Gopichand has been training India's top badminton player Saina Nehwal in his academy in Hyderabad but even he is struggling to find enough sponsors for the private facility.

The Trick to Being Mr. Kalmadi
On Wednesday morning, the third day of Games competition, Mr. Kalmadi, chief of the organizing committee, was still his nonchalant 'All is Well' self as he fielded questions at the daily Games press conference.

It's Narang vs. Bindra on Games Day 3
World shooting champion Gagan Narang pipped fellow countryman and Olympic gold medalist Abhinav Bindra to win gold at the 10-meter individual air rifle on the third day of the Commonwealth Games in New Delhi Wednesday.

Tips for Buying Tickets
Isn't India supposed to be the master of the IT universe? Then why is it so difficult to get your hands on tickets to the Commonwealth Games?
 
Go to Page  India Real Time
Career Point(ing) to Irrational Exuberance?
Career Point Infosystems Wednesday made what is the best debut for an initial public offering on the Bombay Stock Exchange so far in 2010, opening at 475.05 rupees ($10.70) compared with an issue price of 310 rupees and then registering a high of 579.40 rupees intraday.

The Trick to Being Mr. Kalmadi
On Wednesday morning, the third day of Games competition, Mr. Kalmadi, chief of the organizing committee, was still his nonchalant 'All is Well' self as he fielded questions at the daily Games press conference.

Tips for Buying Tickets
Isn?t India supposed to be the master of the IT universe? Then why is it so difficult to get your hands on tickets to the Commonwealth Games?

It’s Narang vs. Bindra on Games Day 3
World shooting champion Gagan Narang pipped fellow countryman and Olympic gold medalist Abhinav Bindra to win gold at the 10-meter individual air rifle on the third day of the Commonwealth Games in New Delhi Wednesday.

Delhi Grinds to Standstill for Games
While the scene shown on TV of the opening ceremony in New Delhi on Sunday was much like an Indian wedding, the scene in the rest of the city is quite the opposite.
 

Delhi Grinds to Standstill for Games
While the scene shown on TV of the opening ceremony in New Delhi on Sunday was much like an Indian wedding, the scene in the rest of the city is quite the opposite.
Go to Page  MOST POPULAR
Motorola Open to Microsoft Software
Motorola co-CEO Sanjay Jha said he is open to developing phones on Microsoft's mobile software despite the patent-infringement suit Microsoft recently filed against Motorola.

Rare Find: a New Language
In the foothills of the Himalayas, two field linguists have uncovered a language completely new to science.

Just Off IPO, Microlender Ousts CEO In Board Row
A battle with the board prompted SKS Microfinance, India's largest microfinance lender, to oust its chief executive earlier this week.

India vs. Australia Cricket
India won the first test match of the two test series against Australia that commenced earlier this month in Mohali, India. Some snapshots.

Sumit Ganguly: What Has Delhi Done for Washington Lately?
Not much, as President Obama might discover on his upcoming trip to India.