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Oct 7, 2010

MarketWatch: Special Financial Services.- Tech and Telecom / Energy Reversal ? / Learn From Real State Investors

MarketWatch
SPECIAL: FINANCIAL SERVICES
 
Jonathan Burton's Life Savings: Tech and telecom: together but apart
 
By Jonathan Burton MarketWatch


Investors are plugging into technology and telecommunications stocks, but opposing currents are powering the connection. 


 
By Tomi Kilgore


Energy stocks were having a tough year, until talk of a second round of quantitative easing by the Federal Reserve turned things around, writes Tomi Kilgore. 
 
By Lew Sichelman


The rich and famous are truly different from the rest of us, but there are things to be learned from them and their real-estate transactions, Lew Sichelman says. 

MarketWatch: Personal Finance Daily.-Retirement planning in seven solid steps. Oct. 7th., 2010

MarketWatch
Personal Finance Daily
OCTOBER 07, 2010

Thursday's Personal Finance stories:

Don't miss these top stories

By MarketWatch



Most Americans aren't saving enough for retirement, and many people are confused about where to begin to save and how to continue year after year. But you don't have to travel a muddy path if you follow the stepping stones that columnist Bob Powell lays out.

Also, check out Kristen Gerencher's view on how technology will affect your health care, and see why U.S. auto makers are speeding past Japanese rivals on at least one road, all in the latest Personal Finance stories.

-- Jonathan Burton , Money & Investing editor

RETIREMENT PLANNING

Seven steps to a sound retirement

There are seven keys to a lot of things in life. There are seven steps to heaven and seven types of intelligence and seven habits of effective leaders. Now we have seven steps to retirement planning.
Read Robert Powell's seven steps to a sound retirement.

YOUR HEALTH

How technology will affect your health care

The chief technology officer of the U.S. addressed health information-technology companies, and the discussion comes at a critical time. Next year the federal government will begin to fund $20 billion in incentive payments to doctors and hospitals that make "meaningful use" of electronic health records.
Read Kristen Gerencher's blog post about how technology will affect your health care.

Can pregnant women drink?

A new study claims women who have one or two alcoholic drinks a week during pregnancy do not harm their children's behavioral or intellectual development.
Can pregnant women drink?

CONSUMER WATCH

U.S. auto makers flex new clout

Not too long ago, domestic car makers used every incentive trick in the book to lure customers to their showrooms, while Japanese rivals sat back and gorged on market share. Now it looks like the hubcap is on the other wheel.
Read about U.S. carmakers flex new clout.

MarketWatch: Special Financial Services: Alaska Air CEO in insider-trading probe. Oct. 7th., 2010

MarketWatch
SPECIAL FINANCIAL SERVICES
 
Alaska Air CEO in insider-trading probe
 
By Alistair Barr MarketWatch


William Ayer denies giving material nonpublic information about Puget Energy to hedge-fund firm Donald Smith & Co. 

CNBC EVENING BRIEF: Alcoa's Earnings and Revenue Easily Top Analyst Estimates . Oct. 7th., 2010



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Meet the movers and shakers of the investing and political worlds, get investing tips from the best in the business, plus receive Maria's exclusive "look at the week ahead" video.
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MarketWatch: Special Financial Services.- When Stock Bulls Charge , Smart Investors Run. Oct. 7th., 2010

MarketWatch
SPECIAL  FINANCIAL SERVICES

Mutual Funds Weekly: When stock bulls charge, smart investors run

By MarketWatch
10/7/2010 05:41:50 PM



Bullish sentiment about U.S. stocks hasn’t been as robust since mid-April — just before the market took a tumble — naturally. 

NYT : Afternoon Business News.- September Sales Topped Forecasts for U.S. Retailers. Oct. 7th., 2010



BUSINESS:

September Sales Topped Forecasts for U.S. Retailers

By CHRISTINE HAUSER
Last month's results offered some optimism about the holiday season, although the economy remains uncertain.

Obama Expected to Veto Foreclosure Bill

By REUTERS
A White House official said the president would send the bill back to the House for further discussion of how it would affect the foreclosure crisis.

European Central Banks Hold Rates Steady

By MATTHEW SALTMARSH
The E.C.B. and Bank of England chose not to change their interest rates, despite proposals that they might increase their efforts to stimulate economic activity.

Siemens Wins Battle of Fast Trains

By DAVID JOLLY
Eurostar said it had chosen Siemens over Alstom as the winner of a contract to upgrade its aging fleet of high-speed trains.
Media Decoder Blog

Johnson to Leave 'Page Six'

By TIM ARANGO
Richard Johnson, the Page Six editor whose own scandals over the years became gossip themselves, will "work on new digital ventures" for News Corporation.

NYT : Afternoon Business News



BUSINESS:

September Sales Topped Forecasts for U.S. Retailers

By CHRISTINE HAUSER
Last month's results offered some optimism about the holiday season, although the economy remains uncertain.

Obama Expected to Veto Foreclosure Bill

By REUTERS
A White House official said the president would send the bill back to the House for further discussion of how it would affect the foreclosure crisis.

European Central Banks Hold Rates Steady

By MATTHEW SALTMARSH
The E.C.B. and Bank of England chose not to change their interest rates, despite proposals that they might increase their efforts to stimulate economic activity.

Siemens Wins Battle of Fast Trains

By DAVID JOLLY
Eurostar said it had chosen Siemens over Alstom as the winner of a contract to upgrade its aging fleet of high-speed trains.
Media Decoder Blog

Johnson to Leave 'Page Six'

By TIM ARANGO
Richard Johnson, the Page Six editor whose own scandals over the years became gossip themselves, will "work on new digital ventures" for News Corporation.

RTTNews: Evening Market Wrap.-Stocks End Mixed Ahead Of Friday's Jobs Report - U.S. Commentary . Oct. 7th., 2010

Evening Market Wrap Thu Oct 7 17:01 2010 

Commentary

Oct 7, 2010 Stocks End Mixed Ahead Of Friday's Jobs Report - U.S. Commentary Stocks closed Thursday's session on a mixed note, as traders made only subtle adjustments to their positions ahead of Friday's September jobs report. The lack of significant movement came even as the weekly jobless claims number reported earlier fell to its lowest level in three months. Full Article

Economic News

Oct 7, 2010 Weekly Jobless Claims Unexpectedly Dip To 3-Month Low In a positive sign for the labor market ahead of the release of the monthly employment report on Friday, the Labor Department released a report on Thursday showing an unexpected decrease in first-time claims for unemployment benefits in the week ended October 2nd. The report showed that jobless claims fell to 445,000 from the previous week's revised figured of 456,000. Economists had expected jobless claims to edge up to 455,000 from the 453,000 originally reported for the previous week. Full Article

Corporate News

Oct 7, 2010 PepsiCo Q3 Profit Climbs; Cuts Top-end Of FY10 EPS Growth ViewFood and beverages giant PepsiCo, Inc. (PEP) reported Thursday a strong growth in profit for the third quarter, mainly driven by gains in its snack and beverage portfolio and the acquisition of its two bottlers. Further, the company lowered the top end of its earnings growth forecast for the year 2010, and announced the formation of a new Global Nutrition Group. Full Article
Oct 7, 2010 Target, BJ's Wholesale Sept. Comps Increase, But Miss View - Update Target Corp. (TGT) and BJ's Wholesale Club Inc. (BJ), operators of wholesale clubs and off-price retail shops, on Thursday reported higher comparable store sales and net sales for the month of September. However, comparable store sales for both the companies came in below analysts' expectations. Full Article
Oct 7, 2010 Nordstrom, Macy's Report Growth In Same-Store Sales For Sept.Retailers Nordstrom Inc. (JWN) and Macy's, Inc. (M) on Thursday reported a 7.5% and 4.8% increase in same-store sales, respectively, for September. Monthly retail sales of Nordstrom were up 12.5%, while Macy's reported a sales growth of 6.9% year-over-year. Full Article
Oct 7, 2010 Avis Budget Sees Higher Q3 ResultsVehicle rental services provider Avis Budget Group, Inc. (CAR) said Thursday that it expects to report higher earnings and revenues for the third quarter ended September 30, helped by strengthening vehicle rental demand and the impact of its cost-saving initiatives. Based on preliminary data, Avis stated that pretax income increased to $135 million to $145 million, and pretax income excluding certain items grew to $145 million to $155 million. Full Article
Oct 7, 2010 Gap Comps Down 2% In "Challenging" SeptemberSpecialty retailer Gap, Inc. (GPS) reported Thursday a decline in sales for the month of September at store locations open at least for a year, while analysts were expecting sales to be flat. Full Article

Forex Commentary

Oct 7, 2010 Dollar Steadies After Brutal Beating The dollar steadied after steep declines versus the euro and sterling on Thursday, but failed to recover staggering recent losses against a number of major counterparts, including the yen. Relatively encouraging jobless claims data gave the dollar a bit of support versus the euro and sterling. Earlier, the dollar plunged to record lows against the aussie and Swiss franc while extending a 15-year trough versus the yen. Full Article

Political News

Oct 7, 2010 Rick Santorum Forms Political Action Committee In IowaIn the latest sign that he is considering a run for the White House in 2012, former Senator Rick Santorum, R-Penn., announced Thursday that he is forming a political action committee in Iowa, which typically holds the first presidential caucuses. Full Article
Oct 7, 2010 Cuomo Pulling Away From Paladino In New York Governor's RaceDemocratic New York Attorney General Andrew Cuomo is pulling away from Republican businessman Carl Paladino in New York's gubernatorial race, according to the results of a Quinnipiac University poll released on Thursday. The poll showed that 55 percent of likely New York voters support Cuomo compared to 37 percent that support Paladino. Full Article
Oct 7, 2010 Poll Shows Nearly Half Have Unfavorable Opinion Of PalinWhile Sarah Palin may still be considering a run for the White House in 2012, the results of a CBS News poll released Wednesday evening suggest that the former Alaska governor could be facing an uphill battle if she decides to become a presidential candidate. Full Article

F & F I N : Reuters - Daily Investor Update.- Wall Street sags with oil and gold, wary before jobs data. Oct. 7th., 2010




Wall Street sags with oil and gold, wary before jobs data
IMF, World Bank call for cooler heads on currencies
U.S. Chamber pledges to take Obama policies to court
Jobless claims hit 3-month low as soft patch fades
Alcoa Q3 profit dips, but stock up on outlook
Mortgage rates at record lows
Fed mulls controversial inflation idea
Soros says banking system remains "too connected"
Fed has made no decision whether to ease further: Fisher
Late back-to-school shopping lifts retail sales

GATA : THE GATA DISPATCH: Massive Physical Orders Below Futures Prices / Gold's Revaluation Can Solve Economic Problems. Oct 7th., 2010

Eric King: Massive physical orders just below today's futures prices

2:42p ET Thursday, October 7, 2010
Dear Friend of GATA and Gold (and Silver):
Eric King of King World News reports from London precious metals market sources that there are "massive" orders for physical metal not far below today's futures contract prices. King's commentary is headlined "Massive Physical Gold Buyers Just Below These Levels" and you can find it at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/7_Ma...
Or try this abbreviated link:
http://bit.ly/bdzy9p
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Lee Quaintance: Gold's upward revaluation can solve the big economic problems

 

11:25a ET Thursday, October 7, 2010
Dear Friend of GATA and Gold:
Lee Quaintance, partner in QB Asset Management in New York (http://qbamco.com/), has just written a wonderful study of how an upward revaluation of gold could be used to reliquify the Federal Reserve and the U.S. government generally, deleverage the world economy, and return strength to government currency.
Quaintance thereby elaborates on an idea developed by the British economist Peter Millar of Valu-Trac Investment Research Ltd. in May 2006 (http://www.gata.org/node/4843), hinted at by former Fed Governor Lyle Gramley in an interview with Business News Network in Canada in 2008 (http://www.gata.org/node/6989), and discussed by Omnis market intelligence director Jim Rickards in an interview with King World News last month (http://www.gata.org/node/8982).
Quaintance's study is titled "Who Is John Galt?" and he has kindly given GATA permission to share it with you at our Internet site here:
http://www.gata.org/files/QBAMCO_Who_is_John_Galt.pdf
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

WSJ : This Week's Most Popular Read Articles. Oct. 7th., 2010.

THIS WEEK'S MOST POPULAR
from The Wall Street Journal Online

October 7, 2010 -- 4:30 p.m. EDT

___________________________________

WSJ.COM'S MOST EMAILED ARTICLES

Recent research illustrates how writing by hand engages the brain in learning. And in an interesting twist, new technology is starting to reinvigorate this age-old practice. - Audio: What Your Handwriting Indicates - News Hub: Handwriting's Benefits

http://online.wsj.com/article/SB10001424052748704631504575531932754922518.html#mod=djemWMP_t

* * *

AT&T is about to lose its lock on the iPhone. Apple is making a version of the phone that Verizon Wireless will sell early next year, ending an exclusive deal with AT&T. - iPhone Coming to Verizon | Topics: iPhone - digits: Verizon iPhone: Benefits, Drawbacks? - Verizon to Launch 4G in 38 Cities This Year - Motorola Sues Apple Over Patents - Vote: Will you switch cellphone or service? - Carriers Vie for Mobile-Phone Plans

http://online.wsj.com/article/SB10001424052748703735804575536191649347572.html#mod=djemWMP_t

* * *

Increased use of large policies for estate planning by the wealthy potentially jeopardizes life insurance's tax preferences, which were predicated on its function as a safety net for widows and orphans. - Audio: How Policies Help the Wealthy - Insurers See Opportunity Amid Downturn

http://online.wsj.com/article/SB10001424052748703435104575421411449555240.html#mod=djemWMP_t

* * *

If Washington's most famous billionaires are really worried about their state's finances, they'd write personal checks to the government and leave everyone else alone.

http://online.wsj.com/article/SB10001424052748703882404575520241519315372.html#mod=djemWMP_t

* * *

America's political landscape will never be the same.

http://online.wsj.com/article/SB10001424052748704483004575524340160716872.html#mod=djemWMP_t

__________________________________
WSJ.COM'S MOST VIEWED ARTICLES

America's political landscape will never be the same.

http://online.wsj.com/article/SB10001424052748704483004575524340160716872.html#mod=djemWMP_t

* * *

AT&T is about to lose its lock on the iPhone. Apple is making a version of the phone that Verizon Wireless will sell early next year, ending an exclusive deal with AT&T. - iPhone Coming to Verizon | Topics: iPhone - digits: Verizon iPhone: Benefits, Drawbacks? - Verizon to Launch 4G in 38 Cities This Year - Motorola Sues Apple Over Patents - Vote: Will you switch cellphone or service? - Carriers Vie for Mobile-Phone Plans

http://online.wsj.com/article/SB10001424052748703735804575536191649347572.html#mod=djemWMP_t

* * *

Researchers have been investigating how people's view of the world affects their lives, and how they might be able to make better decisions. - Audio: Indecisive Much? You're Not Alone

http://online.wsj.com/article/SB10001424052748703694204575518200704692936.html#mod=djemWMP_t

* * *

More than four years after the housing market peaked, many wealthy homeowners are slashing prices. Then there are the holdouts: wealthy sellers who are holding the line on today's deal-making mentality. - News Hub: Homeowners Won't Budge on Prices - Profiles of High-End Sellers - Photos: Holdouts | Sellers Who Caved - Interactive: Is the Price Right?

http://online.wsj.com/article/SB10001424052748704654004575517910955147640.html#mod=djemWMP_t

* * *

Middle-class Americans made their deepest spending cuts in more than two decades, slashing spending on such discretionary items as restaurant meals and alcohol during the recession. - Audio: Middle Class Cuts Spending

http://online.wsj.com/article/SB10001424052748703298504575534341401915382.html#mod=djemWMP_t

__________________________________
WSJ.COM'S MOST COMMENTED ARTICLES

Opinion: The Bill Gates Income Tax - 630 comments

http://online.wsj.com/article/SB10001424052748703882404575520241519315372.html?mod=djemWMP_t#articleTabs%3Dcomments

* * *

Democrats and 'Poisoned' Politics - 475 comments

http://online.wsj.com/article/SB10001424052748703735804575535701710358606.html?mod=djemWMP_t#articleTabs%3Dcomments

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Tea Parties Forge Alliances in Bid to Advance Agendas - 257 comments

http://online.wsj.com/article/SB10001424052748704847104575532693771514772.html?mod=djemWMP_t#articleTabs%3Dcomments

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Opinion: President Obama's 'Rap Palate' - 248 comments

http://online.wsj.com/article/SB10001424052748703859204575526401852413266.html?mod=djemWMP_t#articleTabs%3Dcomments

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Democrats Look to Cultivate Pot Vote in 2012 - 211 comments

http://online.wsj.com/article/SB10001424052748703298504575534321493828944.html?mod=djemWMP_t#articleTabs%3Dcomments

___________________________________
ADVERTISEMENT

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__________________________________
BARRONS.COM'S MOST EMAILED ARTICLES

By RANDALL W. FORSYTH
As central banks drive down yields, investors find refuge in bank loans.

http://online.wsj.com/article/SB50001424052970203427104575537693472658732.html#mod=djemWMP_t

* * *

By RANDALL W. FORSYTH
Oct. 6, 1979 marked the beginning of disinflation. Now we're headed in the opposite direction.

http://online.wsj.com/article/SB50001424052970203599504575535863046936590.html#mod=djemWMP_t

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by KOPIN TAN
Morgan Stanley Asia's former chief Stephen Roach thinks Congress' proposed trade sanctions are a potentially dangerous misstep.

http://online.wsj.com/article/SB50001424052970204839304575520022191183034.html#mod=djemWMP_t

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by ANDREW BARY
Even under stricter regulation and tougher capital-adequacy rules, the bank
should do well and be able to boost its dividend, says CEO Jamie Dimon.

http://online.wsj.com/article/SB50001424052970204839304575520143206542982.html#mod=djemWMP_t

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by LAWRENCE C. STRAUSS
United Technologies has a lower profile than some other industrial titans, but its prospects look decidedly bright.

http://online.wsj.com/article/SB50001424052970204839304575520064106660280.html#mod=djemWMP_t

F & F I N : U.S. Markerts Snapshot At Close . Oct. 7th., 2010





Index Last Change %Change  
DJIA 10,948.58 -19.07 0.17%  
Nasdaq 2,383.67 +3.01 0.13%  
S&P 500 1,158.33 -1.64 0.14%  
FOX 50 832.90 -1.60 0.19% Hilighted
DIJA Chart
 

The Washington Post Afternoon Edition : Most Read Articles. Oct. 7th., 2010

Washington Post

 

Most Viewed Articles on washingtonpost.com

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

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

2) In foreclosure controversy, problems run deeper than flawed paperwork

Millions of U.S. mortgages have been shuttled around the global financial system - sold and resold by firms - without the documents that traditionally prove who legally owns the loans.

3) Robert Gibbs, unplugged, lets loose

Off camera, the White House press secretary is refreshingly candid.

4) U.S. companies buy back stock in droves as they hold record levels of cash

For months, companies have been sitting on the sidelines with record piles of cash, too nervous to spend. Now they're starting to deploy some of that money - not to hire workers or build factories, but to prop up their share prices.

5) Mario Vargas Llosa wins Nobel literature prize

STOCKHOLM -- Peruvian Mario Vargas Llosa, one of the most acclaimed writers in the Spanish-speaking world who once ran for president in his homeland, won the 2010 Nobel Prize in literature on Thursday.

6) Administration's response to gulf spill ill-managed, report says

A commission set up by President Obama to scrutinize the Gulf of Mexico oil spill has released preliminary reports that say the administration created the impression that it was "either not fully competent" or "not fully candid with the American people about the scope of the problem."

7) More U.S. women pull down big bucks

The number of women with six-figure incomes is rising at a much faster pace than it is for men.

8) At Farragut Square, mourning the burrito man who became a friend

In the ever-churning universe of a city street corner, Carlos Guardado was that rarest of things: a fixture.

9) Trying to save Rick Sanchez's face on Facebook

On Monday, the wife of Rick Sanchez launched a trial balloon, via her Facebook page, saying that her husband was really sorry for the ethnically charged things he'd said that cost him his job. On Wednesday, the ousted CNN anchor issued his own full-on apology:

10) First Impressions: Samsung Transform for Sprint

Samsung has churned out a lot of high-quality Android phones in 2010 with its Galaxy S line of phones . Yesterday at CTIA, Samsung introduced a slightly lower-end Android phone called the Transform on Sprint ($149.99 after a $100 mail-in rebate and signing a two-year contract). The phone's launch...

CFTC EVENTS : Technology Advisory Committee Meeting. Oct. 7th., 2010



Technology Advisory CommitteeThu, 07 Oct 2010 09:32:00 -0500
CFTC Commissioner Scott O’Malia to chair the Commodity Futures Trading Commission’s Technology Advisory Committee meeting titled: “Technology: Achieving the Statutory Goals and Regulatory Objectives of the Dodd-Frank Act.”

Event Date - 10/12/2010

The Washington Post : Breaking News Alert


Breaking News Alert: President Obama will not sign foreclosure measure, says official
October 7, 2010
Amid growing furor over the legitimacy of foreclosure proceedings, a White House official said President Obama will not sign a two-page bill passed by lawmakers without public debate after details emerged that the legislation could loosen standards for foreclosure documents.

http://link.email.washingtonpost.com/r/YLCS8G/EWX3VL/G90Z0C/EU5IHG/Z41ZI/4O/h

For more information, visit washingtonpost.com

MarketWatch : Special Financial Services.- Was the Cloud sell off overdone? / Petrobrass Retreats weighs on Brazil.

MarketWatch
SPECIAL FINANCIAL SERVICES
 
Was the ‘cloud selloff’ overdone?
 
By Dan Gallagher MarketWatch


Investors punished several cloud-related stocks following a warning from data-center provider Equinix. Analysts say that was overdone — and overly broad.  
Petrobras’s retreat weighs on Brazil

 
By Sue Chang MarketWatch


Shares of oil giant slide to lowest levels since March 2009 to pressure Brazilian bourse. 

WSJ : NY News Alert.- Former N.Y. Comptroller Hevesi Pleads Guilty in Pension Fund Probe.

NY News Alert
from The Wall Street Journal


Alan Hevesi, the former New York State comptroller, pleaded guilty to a felony corruption charge in an ongoing probe of the state pension fund.

He is the highest-profile person to plead guilty in a "pay-to-play" probe into the New York State Common Retirement Fund.

http://online.wsj.com/article/SB10001424052748704696304575537802924189246.html?mod=djemalertNYnews

FORBES : Intelligent Investing : Ten Biggest ETF Holders Of Apple Stock.. Oct 7th., 2010








Fact & Comment with Steve Forbes


Latest Stories

Ten Biggest ETF Holders Of Apple Stock
ETFChannel.com As Apple shares head towards $300 some ETFs stand to benefit more than others.
The Value Of Investing In Virtue And Vice
David Neubert You can change company behavior without sacrificing diversification or performance.
Even The Virtuous Can Thrive In Corrupt Countries
Steven Fox It may seem hard to do business without letting your morals slip, but it's possible.
The Fallacy Of Competitive Devaluation
Andrew Tignanelli Is it more important to buy goods for the best price possible, or to give U.S. manufacturers a competitive advantage against China?
More Intelligent Investing Stories >
 

MarketWatch: Special Financial Services: Financial Stocks Higher / Hedge funds best month since May 09. Oct. 7th., 2010

MarketWatch
 SPECIAL  FINANCIAL SERVICES
 
Financial Stocks: Financial sector higher after unemployment claims
 
By MarketWatch
10/7/2010 11:21:59 AM



Financials rise in wake of weekly jobless claims. Fifth Third climbs after Oppeheimer initiates coverage with an outperform rating, while NYSE Euronext falls after reporting weak cash products volume for September. 


 
By Alistair Barr MarketWatch
10/7/2010 11:48:29 AM



Most managers lag equity-market surge, but Paulson & Co.’s flagship Advantage Plus fund jumps more than 12% in September. 

MarketWatch: Special Financial Services.- Israel Stocks Off , Alvarion leaps on Canada pact.Oct 7th., 2010

MarketWatch
SPECIAL  FINANCIAL SERVICES
 
Israel Stocks: Israel stocks off; Alvarion leaps on Canada pact
 
By Robert Daniel MarketWatch


Technology looks particularly weak, and Bezeq and Makhteshim-Agan also decline. 

F & F I N : Fox Business .- Dow Stalls on Approach to 11000. Oct. 7th., 2010






young teen money spending 276
Teens Boost Retail Sales Teen apparel retailers led generally stronger-than-expected same-store sales last month, with the back-to-school season helping retailers beat Wall Street forecasts.


FOX Business: THE POWER TO PROSPER

Dow Stalls on Approach to 11000

After opening higher, markets dipped into the red as the Dow struggled to cross over the 11000 mark.

Jobless Claims Drop 11K

Claims for unemployment benefits fell to 445,000 touching their lowest level in nearly three months.

BOE Holds Interest Rates Steady

The Bank of England kept interest rates at a record low 0.5% for a 20th consecutive month.

2009: Just How Bad Was It?

The Labor Department will give an estimate of how far off its count of employment may have been.

IMF to China: Speed up Appreciation

Regulators said China should accelerate the appreciation of its yuan to avoid another crisis.

Treasury Overlooks Smaller Firms

An audit shows Treasury's program to soak up toxic assets may have excluded smaller fund managers.