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Oct 11, 2010

The Australian Business | Latest Busines News.-12:24pmDollar lower on US stimulus wait. Oct. 11th .,2010 ., 20:40 p.m.

THE AUSTRALIAN BUSINESS

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CNBC Evening Brief : The Foreclosure Paperwork Mess: How We Got Here. Oct. 11th., 2010



LATEST STORIES


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LATEST VIDEO

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Maria Bartiromo 's :Investor Brief . October 11th., 2010

October 11, 2010

Happy Columbus Day!
Although the markets do not have the day off like some of you, this is traditionally a quiet day on the Street, at least in terms of economic events. For me, it’s an exciting and anything-but-quiet day because I have the honor of serving as the Grand Marshal of the New York City Columbus Day Parade.
As you may remember, I participated in the festivities last year, too. The parade dates all the way back to 1929 and is the world’s largest celebration of Italian-American culture, with more than 35,000 marchers and nearly one million spectators.
This year’s theme is “Honoring Old Glory,” and the event will also pay tribute to some big names in the business world, including CEO of JP Morgan Chase Frank Bisignano and Jason DeSena Trennert, founder of Strategas Research Partners.
Things will pick back up on Tuesday, as this is the first full week of earnings season. Let’s talk more about that and other items the Street will be watching this week in the video below.
Maria's signature 
THIS WEEK ON THE STREET




MarketWatch: Personal Finance Daily.-Tips to answer complex retirement questions Oct. 11th., 2010.

MarketWatch
Personal Finance Daily
OCTOBER 11, 2010

Monday's Personal Finance stories

Don't miss these top stories:

By MarketWatch



There are a lot of competing demands on the finite pool of cash known as your retirement savings. If you're still in saving-up mode — what the pros call the accumulation phase — there are myriad financial pitfalls, like a job loss, that could force you to tap that money.

And once you retire, the demands on your money don't go away, they just change. How much of that money do you want to leave to your kids? How much will you need for yourself to survive until the end? Can you still afford to travel? These are not easy questions to answer. But read Robert Powell's two stories today to get some insight into what your options are in terms of financial products to help you meet your goals, and how to best choose among them.

Andrea Coombes , Personal Finance editor

RETIREMENT

Retirement income for life

There was a time when a retiree didn't need to worry about balancing the need to leave an inheritance with the need to have guaranteed income for life with the need to enjoy a decent standard of living.
Read more on retirement income for life.

Tools to build a bulletproof retirement portfolio

Time was when withdrawing 4% per year from your portfolio was the strategy of choice for those in retirement. But that strategy had and still has many shortcomings, according to those who study the world of retirement-income planning.
Read more on tools to build a bulletproof retirement portfolio.

Annuities: the pros and cons

Annuities promise money for life, but that guarantee may come at a steep cost. MarketWatch's Andrea Coombes talks with two financial planners about the good, the bad and the ugly of annuity products.
Watch video on annuities: the pros and cons.

INVESTING

Know when to dump a losing fund

One of the big questions mutual fund shareholders can face is how long to put up with a struggling manager.
Read more on know when to dump a losing fund.

Dollar slump drives emerging markets, gold ETFs

Activity in exchange-traded funds that target emerging markets, precious metals and commodities is ramping up as investors seek ways to protect their portfolios from a sagging U.S. dollar.
Read more on dollar slump drives emerging markets, gold ETFs.

Chinese IPOs line up to woo U.S. investors

Emboldened by a spate of successful deals and eyeing U.S. investors hungry for high returns, a greater number of Chinese companies are expected to come knocking on the door of U.S. markets in the coming months.
Read more on Chinese IPOs line up to woo U.S. investors.

TAXES

Don't sweat a dividend tax hike

There are many things to get worked up about as the midterm elections approach, but an imminent hike in dividend taxes isn't one of them.
Read more on don't sweat a dividend tax hike.

CARS

2011 Honda Accord: Appeal still there

For model year 2011, the exterior styling of the Accord was given what auto makers like to call a "refresh." Ever wonder what that was?
Read more on the 2011 Honda Accord: Appeal still there.

Google's experimenting with cars that drive themselves

Google Inc., the specialist in helping people find stuff on the Web, is now searching for safer streets by developing and road-testing cars that drive themselves.
Read more on Google's experimenting with cars that drive themselves.

ECONOMY & POLITICS

Social Security fuels election-season fight

The House's No. 2 Republican and a vice chair of the Democratic National Committee traded sharp barbs over the future of Social Security on Sunday, days ahead of an expected announcement that recipients won't get an increase in benefits next year.
Read more on Social Security fuels election-season fight.

Health-care repeal an uphill battle for GOP

Republicans will have a tough time rolling back the landmark health-care law Congress enacted earlier this year if the party retakes the House of Representatives in the fall elections, but stocks in the sector stand to make gains nonetheless.
Read more on health-care repeal an uphill battle for GOP.

Stalled Fed nominee shares economics Nobel

Peter Diamond, an economist nominated by President Barack Obama to serve on the Federal Reserve's board of governors, was one of three people to win this year's Nobel Prize in economics.
Read more on stalled Fed nominee shares economics Nobel.

Nobel for explaining why markets fail

Three economists — including one rejected by the Senate as too inexperienced to work at the Federal Reserve — have won the Nobel prize in economics for their work in explaining why markets sometimes don't work so well.
Read more on Nobel for explaining why markets fail.

Top forecaster was right about housing

Few people saw the housing bubble as clearly and in as much detail as economist Richard DeKaser, who created a city-by-city housing valuation index that showed precisely how overvalued the nation's housing stock was in 2005 and 2006.
Read more on top forecaster was right about housing.

Business economists cut growth forecast

A group of top business economists cut their forecast Monday for U.S. growth through 2011, saying high debts and a decline in the nation's wealth would inhibit spending and investing.
Read more on business economists cut growth forecast.

Regulators try to plan for next ‘too big to fail'

Major banking countries must cooperate in a global effort to ensure that a collapse of a big bank does not cause the kind of collateral damage seen after the failure of Lehman Bros. in 2008, key U.S. and U.K. regulators said Monday.
Read more on regulators try to plan for next too-big-to-fail.

IMF moves to referee currency debate

The International Monetary Fund moved Saturday to become the referee of the growing dispute between the richest countries and emerging market economies over whose currencies should bear the weight of the global recovery.
Read more on IMF moves to referee currency debate.

RTTNews Evening Market Wrap .- Stocks Close Nearly Flat Amid Light News Day - U.S. Commentary .

Evening Market Wrap Mon Oct 11 17:01 2010

Commentary

Oct 11, 2010 Stocks Close Nearly Flat Amid Light News Day - U.S. Commentary Stocks showed a lack of direction throughout the trading session on Monday, with traders reluctant to make any significant news amid a light news day. The major averages bounced back and forth across the unchanged line before ending the day nearly flat. Full Article

Corporate News

Oct 11, 2010 Eli Lilly's Alimta Fails In Head And Neck Cancer Trial - Update Healthcare company Eli Lilly and Co. (LLY) Monday stated that its global Phase III trial evaluating Alimta (pemetrexed for injection) in combination with cisplatin in patients with recurrent or metastatic squamous cell cancer of the head and neck (SCCHN) did not meet its primary endpoint. The company also said that it will not be submitting marketing authorization applications for Alimta in SCCHN with either the U.S. Food and Drug Administration or the European Medicine Agency or EMA. Full Article
Oct 11, 2010 Ford Sales In Asia Pacific, Africa Rise 27% In September - Update Automaker Ford Motor Co. (F) on Monday reported a 27% increase in sales in the Asia Pacific and Africa region for the month of September, bolstered by continued strong growth in China and India as well as launch of the new Ford Fiesta subcompact in Southeast Asia. Full Article

Mergers

Oct 11, 2010 Gymboree To Be Taken Private By Bain Capital For $1.8 Bln Cash Children's clothing retailer Gymboree Corp. (GYMB) has agreed to be acquired by affiliates of private-equity firm Bain Capital Partners, LLC for $65.40 per share, or $1.8 billion in cash. The deal announced Monday has the unanimous approval of Gymboree's Board, and is expected to close by year end. Full Article

NYT: Afternoon BusinessNews.- Microsoft Unveils New Windows Phones



BUSINESS:

Bits Blog

Microsoft Unveils New Windows Phones

By NICK BILTON
Microsoft introduced the final details of its new mobile operating system, Windows Phone 7.
Itineraries

Hotels Use Downturn to Spruce Up

By JANE L. LEVERE
While many hotels are holding onto their cash as revenue slips, some are spending on upgrades in the hope of gaining market share when the recovery comes.

Exemption Deals Possible on E.U. Airline Emissions Regulations

By JAMES KANTER
The European Union's transport chief says U.S. airlines could be exempted if Washington takes measures to reduce greenhouse gas emissions at home.
DealBook

Cnooc in $2.2 Billion Deal With Chesapeake Energy

By CHRIS V. NICHOLSON
It is the largest Chinese purchase of U.S. energy assets ever and the latest in a string of similar deals by Beijing around the world.
DealBook

Bain Buys Gymboree for $1.8 Billion

By DEALBOOK
Under the deal, Gymboree shareholders will get $65.40 a share in cash, a premium of 57 percent to Gymboree's share price on Sept. 30, before reports of a buyout emerged.

F & F I N (FINANCIAL & FOREX INFO NEWS) .- REUTERS - DAILY INVESTOR UPDATE.- Wall Street ends flat on thin volume before earnings. Oct. 11th., 2010.



FROM : REUTERS - DAILY INVESTOR UPDATE

Wall Street ends flat on thin volume before earnings
Asian powers guard against inflows after IMF
Fed's Yellen: Possible that low rates feed bubbles
Bain Capital to take Gymboree private for $1.8 billion
Exchanges blast a familiar foe: broker-run rivals
Foreclosure halt could hit investors
Microsoft new phones win favorable reaction
Two teams try lining up Potash Corp bids: reports
China's CNOOC tests U.S. with Chesapeake shale deal
Economists cut U.S. growth forecast after weak summer data

The Washington Post : Aftyernoon Edition .- Today's Most Read Articles

Washington Post

 

Most Viewed Articles on washingtonpost.com

1) Rescue attempt may have killed British aid worker in Afghanistan

KABUL - British Prime Minister David Cameron said Monday morning that Linda Norgrove, a 36-year-old British aid worker who was taken captive in Afghanistan last month, may have been accidentally killed during a rescue attempt by U.S. Special Operations Forces.

2) Obama continues attack on Chamber of Commerce

The White House intensified its attacks Sunday on the powerful U.S. Chamber of Commerce for its alleged ties to foreign donors, part of an escalating Democratic effort to link Republican allies with corporate and overseas interests ahead of the November midterm elections.

3) Shadowy players in a new class war

It's when one side in a debate overwhelms a political system with clandestine cash, which is what's happening.

4) For Redskins, improvement down the roster continues long after changes at the top

The Redskins made high-profile changes at the top, but the team's recent success is coming because of improvement deeper down the roster, from new players contributing to more established players being transformed.

5) 2 Montgomery County men are hit by car, fatally injured crossing Rockville Pike

The two men, both in their 20s, were friends and longtime Montgomery County residents who had gone to high school together. One was a wine salesman, and the other worked for the FBI.

6) Redskins find a way against Green Bay

To understand how Mike Shanahan is pulling off this smoke-and-mirror job, you needed to be in the locker room Sunday afternoon before dusk. That's where London Fletcher stood in a circle of dried sweat and fresh blood, some still seeping from Kedric Golston's finger onto his game pants.

7) Cable news chatter is changing the electoral landscape

When Senate candidate Christine O'Donnell appeared on Sean Hannity's Fox News program, he read her some advice from another Fox commentator, Sarah Palin.

8) Financial regulators planning worldwide rules for large firms

International bank regulators are planning a fresh wave of rules for the world's most important financial companies in an effort to ensure that firms considered "too big to fail" are better protected from collapse - and that taxpayers are insulated from the fallout if they do.

9) Obama Accepting Untraceable Donations

Sen. Barack Obama's presidential campaign is allowing donors to use largely untraceable prepaid credit cards that could potentially be used to evade limits on how much an individual is legally allowed to give or to mask a contributor's identity, campaign officials confirmed.

10) Freud coming into fashion in China

BEIJING - On a recent morning, Danille Drake flipped on her computer and sat down to wait in the home office of her two-story Bethesda house. As the screen flickered to life, she explained how she has spent her whole career learning and practicing the teachings of Sigmund Freud. And how, for dec...

FINANCIAL AND FOREX INFO NEWS.: Fox Business .- Hoenig: Time to Move Rates. Oct. 11th., 2010

F & F I N





hoenig screengrab 101110 276
Hoenig: Time to Move RatesEXCLUSIVE Kansas City Fed President Thomas Hoenig on how to adjust the markets to boost economic recovery and prevent inflation.
FOX Business: THE POWER TO PROSPER

No Boost to Construction From Stimulus

They're Burning Your Money Angus Contractors President Frank Zettle on the lack of new projects and jobs from government stimulus.

Stocks Silently Inch Higher

In very light trading, Wall Street edged slightly higher, amid buying in the technology space.

Top 5 Holders of U.S. Treasuries

WATCH FBN's Liz MacDonald explores who owns U.S. debt and how it threatens our national security.

Microsoft Has Much Riding on Phone 7

Analysts think Windows Phone 7 could be the company’s last shot at effectively garnering a mobile fan base. | SLIDESHOW
 

MarketWatch: Special Financial Services: Regulators try to plan for next too-big-to-fail .- Oct .11th., 2010

MarketWatch
SPECIAL FINANCIAL SERVICES
 
Regulators try to plan for next too-big-to-fail 

By Ronald D. Orol MarketWatch


Major banking countries must cooperate in a global effort to ensure that a collapse of a big bank does not cause the kind of collateral damage seen after the failure of Lehman Bros. in 2008, key U.S. and U.K. regulators say.  



F & F I N : US Martes Snapt Shot At 11:35.





Major Indexes
 LastChange% Chg
DJIA11011.36 4.880.04
Nasdaq2406.864.950.21
S&P 5001166.191.040.09
DJ Total Stock Market12208.5312.330.10
Russell 2000693.36-0.46-0.07


F & F I N : Reuters - US top Early Edition.-China's Liu says Nobel for dead of 1989. Oct. 11th., 2010




China's Liu says Nobel for dead of 1989
Pressure intensifies on mortgage lenders
North Korea's heir debuts at giant military parade
Light at end of tunnel as Chile miner rescue nears
South Korea's Lee warns of big trouble if FX accord fails
Americans and British-Cypriot win 2010 economics Nobel
Rescuers may have killed UK Afghan aid worker: Cameron
Gates backs multilateral dispute approach in Hanoi
Ahmadinejad trip highlights Iranian sway in Lebanon
Hungary state to take control of MAL after spill

Gold Mineweb : Positive scoping study for Northern Territory gold-copper project. Oct.1 th., 2010

Mineweb logo

GOLD       $1,348.50/oz

SILVER    $23.31/oz

TOP STORIES | Monday , 11 Oct 2010                                                     

Positive scoping study for Northern Territory gold-copper project

Westgold Resources has completed its scoping study on the 1 million gold equivalent ounce Rover 1 project and says further expansion is likely    Monday , 11 Oct 2010

US homes data reinforces positive sentiment for precious metals

Spot silver hit another 30-year high while gold remained firm after the US said it shed jobs for the fourth straight month    Monday , 11 Oct 2010

Citi Investment forecasts $1,450/oz gold, $25/oz silver

Citi expects medium-term gains for both base and precious metals, anticipating that silver could outperform gold.    Monday , 11 Oct 2010

Hong Kong to launch gold ETF - Standard Bank

South Africa's Standard Bank will act as first metal provider, participating dealer and market maker for a Hong Kong based firm that plans to launch a gold ETF in early November    Monday , 11 Oct 2010

China's money managers vying to launch country's first gold fund

As investor demand for access to gold markets increases rapidly, both Lion Fund Management Co and E Fund Management Co have submitted applications to launch funds that invest in overseas gold-related products    Monday , 11 Oct 2010

Gold could rise to $2,000 - $3,000. Juniors with ounces biggest beneficiaries.

Kaiser Bottom-Fish Report writer John Kaiser looks for ‘ounces-in-the ground' gold juniors as his top growth picks as the metal price continues to move upwards.    Monday , 11 Oct 2010

Top financiers disagree on gold's likely price progress

While some top financiers disagree on gold's future, some big investors and Central Banks are still piling in to build their holdings.    Sunday , 10 Oct 2010

James Turk still looking for $8,000 gold

The recent World Gold Investment Congress in London saw James Turk reiterate his very bullish views on gold, amidst some support from other panellists    Saturday , 09 Oct 2010

Breakthrough!! Rescue shaft for trapped Chilean miners holes through

In what many have been describing as a mining miracle, the 33 miners trapped some 700 m (2,300 ft) below surface in a Chilean copper/gold mine may start to be lifted out within the next few days.    Saturday , 09 Oct 2010

 

TOP STORIES | Monday , 11 Oct 2010                                                     

Positive scoping study for Northern Territory gold-copper project

Westgold Resources has completed its scoping study on the 1 million gold equivalent ounce Rover 1 project and says further expansion is likely    Monday , 11 Oct 2010

US homes data reinforces positive sentiment for precious metals

Spot silver hit another 30-year high while gold remained firm after the US said it shed jobs for the fourth straight month    Monday , 11 Oct 2010

Citi Investment forecasts $1,450/oz gold, $25/oz silver

Citi expects medium-term gains for both base and precious metals, anticipating that silver could outperform gold.    Monday , 11 Oct 2010

Hong Kong to launch gold ETF - Standard Bank

South Africa's Standard Bank will act as first metal provider, participating dealer and market maker for a Hong Kong based firm that plans to launch a gold ETF in early November    Monday , 11 Oct 2010

China's money managers vying to launch country's first gold fund

As investor demand for access to gold markets increases rapidly, both Lion Fund Management Co and E Fund Management Co have submitted applications to launch funds that invest in overseas gold-related products    Monday , 11 Oct 2010

Gold could rise to $2,000 - $3,000. Juniors with ounces biggest beneficiaries.

Kaiser Bottom-Fish Report writer John Kaiser looks for ‘ounces-in-the ground' gold juniors as his top growth picks as the metal price continues to move upwards.    Monday , 11 Oct 2010

Top financiers disagree on gold's likely price progress

While some top financiers disagree on gold's future, some big investors and Central Banks are still piling in to build their holdings.    Sunday , 10 Oct 2010

James Turk still looking for $8,000 gold

The recent World Gold Investment Congress in London saw James Turk reiterate his very bullish views on gold, amidst some support from other panellists    Saturday , 09 Oct 2010

Breakthrough!! Rescue shaft for trapped Chilean miners holes through

In what many have been describing as a mining miracle, the 33 miners trapped some 700 m (2,300 ft) below surface in a Chilean copper/gold mine may start to be lifted out within the next few days.    Saturday , 09 Oct 2010
 

COMPANY RELEASES                                                     

Polymetal completes acquisition of Avlayakan and Kirankan gold and silver deposits

Merrex Gold: IAMGOLD accelerates 2010 exploration expenditures at Siribaya

Westgold reports positive scoping study for Rover 1 gold-copper project

Gold Fields closes debut US$1bn bond

Bear Creek announces robust Santa Ana silver project Feasibility Study

Village Main Reef to acquire 74% of Consolidated Murchison gold/antimony mine

IMZ announces good gold intercepts from Goldfield project, Nevada

Integra capitalises on record gold price with official opening of Randalls mine

MarketWtach: Special Financial Services.- Earnings, IMF and Fed in the spotlight. Oct., 11th., 2010

MarketWatch
SPECIAL FINANCIAL SERVICES
 
 Earnings, IMF and Fed in the spotlight
 
By MarketWatch


U.S. stock index futures point to a higher open for Wall Street as investors prepare for a busy week of corporate earnings data. 


 
By MarketWatch


Stocks expected to move significantly in trading include Alexza Pharmaceuticals, Chesapeake Energy, Exelixis, Harbin Electric and Pozen. 

Asian markets rise; Shanghai leads again

 
By V. Phani Kumar MarketWatch


Stocks in Asia mostly see gains on Monday, with stocks exposed to the commodities sector faring best.