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Oct 18, 2010

MarketWatch: Personal Finance Daily.- Fee disclosure doesnt solve all 401(k) problems. Oct. 18th., 2010


Personal Finance Daily
OCTOBER 18, 2010

Monday's Personal Finance stories

Don't miss these top stories:

By MarketWatch

Giving savers more information about their retirement plan costs has got to be a good thing, and that's exactly what a new Labor Department rule aims to do. But as Chuck Jaffe writes in his column today, greater disclosure doesn't always lead to clarity.

Read his story for more on the new 401(k) fee rule, plus don't miss Ruth Mantell's story on how new college graduates can make the most of a starter job, and a story about a new report that finds half of all small-business loans are denied.

Greater disclosure helps investors if they can use that information to reduce their costs. But, other than changing jobs and/or tapping into IRAs and other products outside of work, employees are stuck with the workplace plan they're offered. That often makes it challenging to create a diversified and inexpensive portfolio.

Andrea Coombes , Personal Finance editor

Commentary: New 401(k) fee rule won't help

The U.S. Labor Department announced a rule this week that is designed to give the nation's 72 million retirement-plan participants more information about the costs and expenses associated with their investment decisions.
Read more on new 401(k) fee rule won't help.


Making the most of a tough labor market

In this difficult labor market, many recent college graduates may take jobs outside their preferred field and settle for lower salaries than they might have hoped for.
Read more on making the most of a tough labor market.

Explaining resume gaps to employers

Jenson Crawford quit his steady job as lead programmer for Southern California Edison to pursue a dream of becoming a sound engineer. But he later realized that late-night concert schedules weren't compatible with starting a family. So he decided to go back to his old career.
Read more on explaining resume gaps to employers.


Board pay at large firms around $173,000: survey

Board members received, on average, $172,966 per year at the largest U.S. corporations, according to a Conference Board survey released Monday.
Read more on board pay at large firms around $173,000: survey.


Homeowners in limbo

David Stiles was minutes away Tuesday from seeing his house sold in a foreclosure auction when he got a surprise phone call from his lawyer.
Read more on homeowners in limbo.


Commentary: Adens say end is nigh, but stocks good for now

A veteran hard-money letter is sticking to its apocalyptic scenario. But, while we're waiting, stocks look good.
Read more on Adens say end is nigh, but stocks good for now.

‘Superstar' stocks of 2010 outrun the market

It's been a rocky year for the stock market. Shares hit troubles early in the year, experienced a sudden one-day tumble in the spring that's been blamed on newfangled electronic trading, and have managed to rebound lately.
Read more on ‘superstar' stocks of 2010 outrun the market.

Is your adviser pumping up his credentials?

Just when Americans seem more desperate than ever for trustworthy investment advice, financial advisers are brandishing a baffling array of new credentials—some of which can be earned with minimal or no study and a few hundred dollars.
Read more on is your adviser pumping up his credentials?


The dawn of daredevil central bankers

We have come to expect our central bankers and policy experts to be gray, predictable and eager to take away the punch bowl once the party gets going.
Read more on the dawn of daredevil central bankers.

Homebuilder confidence climbs in October

Builder confidence rose for the first time in October in five months, according to a report released Monday that nonetheless showed conditions at a weak level.
Read more on homebuilder confidence climbs in October.

Industrial production dips in September

Industrial production slipped in September, the first drop after six months of gains, according to data released by the Federal Reserve on Monday.
Read more on industrial production dips in September.


Half of all small-business loans denied, Fed says

Roughly half the small businesses that apply for credit are turned down, according to a report released Monday. The study was conducted by the Federal Reserve Bank of New York during June and July of 426 small-business owners. It found 59% of small businesses wanted credit, and half of those were denied.
Read more on half of all small-business loans denied, Fed says.


Lawsuit stirs Google tablet intrigue

Roughly two months ago, Google Inc. filed an application for a U.S. trademark, "Speedbook," to be used with an unidentified piece of computer hardware. Speculation soon began that the company might unveil a branded tablet device bearing the name.
Read more on lawsuit stirs Google tablet intrigue.

CNBC Evening Brief: Apple Profit Beats Forecasts, But iPad Sales Disappoint. Oct. 18th., 2010


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CNBC 360 Remington Under Fire: A CNBC Investigation
Famous for its accuracy, the Remington 700 is the most popular hunting rifle in the world. Now, it's been linked to dozens of deaths and injuries and is the target of lawsuits alleging it's unsafe and can fire without pulling the trigger. Correspondent Scott Cohn investigates whether an iconic American company has gone too far to protect its signature product, and has compromised safety in the name of profits. Premieres Wednesday at 9:00 PM ET/PT
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This Week On The Street With Maria Bartiromos: Oct. 18th.,2010

In This Video

  • Several heavy hitters release results this week, including big names from the technology and financial sectors.
  • The recent foreclosure scandal makes banks even more critical as they recover from the crisis. Citigroup, Bank of America and American Express all report.
  • Keep an eye on this week’s unemployment numbers, as initial claims rose last week and the market felt the heat from a weak jobs report.

F & F I N : JPM Chase earnings and its correlation to other Bank stocks. / Marilyn Cohen and her analysis on Municipal Bonds. Oct. 18th., 2010

Could JPMorgan Chase, better than expected earnings be a warning for the other bank stocks?
Jim Jubak:
Editor and Founder,
Senior Markets Editor,

This is an outstanding interviewed to Bond's expert, Marilyn Cohen on Municipal bonds.What Is going on in this particular market?

Marilyn Cohen :Marilyn Cohen
Editor, Forbes Tax Advantaged Investor
Founder, President, and CEO
Envision Capital Management, Inc

F & F I N :Wall Street ends up as Citigroup boosts financials.- REUTERS - DAILY INVESTOR UPDATE.-


Wall Street ends up as Citigroup boosts financials
IBM profit beats estimates but shares retreat
BofA to partially end foreclosure halt
Citi beats forecasts, fueling sector confidence
Industrial output falls, monetary easing seen
NY jury asked to identify lies in EMI dispute
Northeast Utilities to buy NSTAR for $4.17 billion
Regulators advancing joint foreclosure review
CME begins clearing interest rate swaps
Weaker banks urged to move early on Basel III: Praet

RTTNews: Evening Market Wrap: Stocks Post Solid Gains On Earnings Optimism.Oct. 18th.,2010

Evening Market Wrap Mon Oct 18 17:01 2010


Oct 18, 2010 Stocks Post Solid Gains On Earnings Optimism - U.S. Commentary Stocks saw moderate gains to open the week on Monday, as traders bought into the markets following upbeat quarterly results from Citigroup (C) while optimistically awaiting earnings from tech giants Apple (AAPL) and IBM Corp. (IBM) who posted report cards after the closing bell. Full Article

NYT: Afternoon Business News.-Talks on Government Help to Airlines. Oct. 18th., 2010

Talks on Government Help to Airlines

Negotiators are meeting in Ottawa this week to discuss questions about the financing of the airplane business.

Citigroup Earns $2.2 Billion in Quarter

Profit rose but revenue fell as the banking giant said that losses on its mortgage and credit card units were starting to ease.

BP Raises $1.8 Billion in Asset Sale

BP has said it will raise $30 billion to pay claims relating to the Gulf spill. It has raised $11 billion so far.

E.U. Finance Chiefs Near a Deal on Budget Sanctions

An apparent compromise reached Monday would give countries that spend beyond their means a last chance to adjust their budgets before sanctions are imposed.
Bits Blog

Applications Misused Data, Facebook Acknowledges

A Facebook engineer said that some applications were passing along personal data in a violation of policy.

MarketWatch.- Bovespa Win in sight / Banks deny half of small credist requests.Oct. 18th., 2010


Latin American Markets: Bovespa win in sight, with Vale shares up
By Carla Mozee MarketWatch

Brazil’s Bovespa on track to build on winning streak. 

By Ronald D. Orol MarketWatch

Roughly half the small businesses that apply for credit are turned down, according to a report released Monday. 

F & F I N : U. S . Markets At Close Snapshot-WSJ. Oct. 18th., 2010



Major Stock Indexes
 Last  Change  % Chg
DJIA*11143.69  80.91  0.73
Nasdaq*2480.66 11.89  0.48
S&P 500*1184.71   8.52  0.72

| The Washington Post : Afternoon Edition | Most Read Articles.| Oct. 18th., 2010

Washington Post


Most Viewed Articles on

1) U.S. says Chinese businesses and banks are bypassing U.N. sanctions against Iran

The Obama administration has concluded that Chinese firms are helping Iran to improve its missile technology and develop nuclear weapons, and has asked China to stop such activity, a senior U.S. official said.

2) New Post poll finds negativity toward federal workers

More than half of Americans say they think that federal workers are overpaid for the work they do, and more than a third think they are less qualified than those working in the private sector, according to a Washington Post poll.

3) 5 Myths about Sarah Palin

Think you know Sarah Palin? The former Alaska governor has been in the spotlight ever since John McCain named her as his running mate on Aug. 29, 2008. Yet, while practically everybody has an opinion about Palin, not all of those opinions are grounded in reality. Many of them are based more on a ...

4) For Chandra Levy's family, trial won't bring an end to grief

MODESTO, CALIF. - The Levys had just finished a family vacation to Hershey, Pa. Robert Levy drove the rental car to Metro Center in the District, kissed his daughter, Chandra, on the head, said goodbye and headed to the airport with his wife.

5) Netflix On The Wii: No More Disc Required

Starting today, Netflix customers in the US and Canada can instantly stream content through their Wii consoles without the need to fire up a disc first.Netflix says members who have a plan starting at $8.99 a month (or $7.99 in Canada), a Wii and an Internet connection can now instantly watch mov...

6) When North Korea falls . . .

Washington needs to discuss with China the rules of the road when North Korea collapses.

7) Florida community feels ripple effects as paperwork issues stall foreclosures

IN FORT MYERS, FLA. The yellow stucco house at 1813 Oakley Ave. has blooming bougainvillea out front, a spacious yard out back and a buyer named Emilio Mamuyac who's smitten with the place and ready to move in. But he can't.

8) Simmering over Campbell's soups

Andy Warhol found artistic inspiration in a can of Campbell's tomato soup. These days, some activists are finding sinister Muslim connections in the same can.

9) The mighty American chestnut tree, poised for a comeback

Its sweeping canopy inspired poets, and its strong, straight timber shaped the stories of life in rural Appalachia, until the tree itself became the stuff of fiction. It is now more than a century since the American chestnut tree - once 4 billion strong and an icon of East Coast forests - fell vi...

10) GOP's election strategy lets others do its dirty work

The GOP's election strategy lets others do all of its dirty work.

FINANCIAL & FOREX INFO NEWS ( F & F I N ) : Forbes Latest Stories.-Odds Favor High-Yield Bonds. Oct. 18th., 2010



Latest Stories

Odds Favor High-Yield Bonds
Martin Fridson Unless the economy tumbles back into another recession, the yields you get from junk bonds will be
Five Chinese Stocks Buffett Would Love
Forbes staff John Reese's models based on value investing gurus highlight these five companies tied to the Far East.
The Great New Bull Market In Aerospace And Industrials
Rick Whittington Don't listen to the naysayers. Get long aerospace and industrials for a year-ending rally that will surpass all expectations.
Income-Yielding Investments
Alexandra Zendrian Looking for income? Try these Forbes Guru recommended investments.

MarketWatch.- Special Financial Services.- IBM Lead Tech Trading / Banks Opened Week With Gains.. Oct. 18th., 2010

Tech Stocks: Apple, IBM lead tech trading
By Rex Crum MarketWatch

With earnings on tap, sector leaders score gains 

By John Spence MarketWatch

Upbeat results from Citigroup Inc. push the stock higher as financials are the best-performing sector early Monday. Banks rise after losing more than 4% last week amid heightened worries over the nationwide foreclosure probe and its potential impact on lenders. 

RTTNews: Daily Stocks to Watch.- Highway Holdings bags $5.56 mln contract . Oct. 18th., 2010

Daily Stocks to Watch Mon Oct 18 09:02 2010

Stocks To Watch

Oct 18, 2010 Highway Holdings bags $5.56 mln contract – Stocks To Watch Highway Holdings Ltd. (HIHO) said it received orders worth about $5.56 million for protective cases for a popular mobile phone from a U.S.-based supplier of these accessories. Full Article
Oct 18, 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 May Open Mixed Amid Market Uncertainty - U.S. Commentary. Oct. 18th., 2010

Morning Market Briefing Mon Oct 18 09:01 2010


Oct 18, 2010 Stocks May Open Mixed Amid Market Uncertainty - U.S. Commentary Stock futures are pointing to a mixed open Monday morning, as the markets are awaiting a number of economic reports amid uncertainty following Federal Reserve Chairman Ben Bernanke's hazy comments regarding further Fed stimulus on Friday. The major index futures are on opposite sides of the unchanged mark, with the Dow futures down by 15 points. Full Article

Economic News

Oct 18, 2010 Singapore Export Growth Cools In September Singapore's export growth slowed in September as shipments of electronic and non-electronic products softened. The slowdown in export growth points to a decrease in demand as the global economic growth cools. Full Article
Oct 18, 2010 U.K. House Prices Rebound In October House prices in England and Wales rose markedly in October, latest industry figures showed on Monday. The increase came due to sellers refusing to adjust to new market conditions. Full Article
Oct 18, 2010 U.K. Double-Dip Concerns 'Exaggerated' The U.K. economy is likely to slow heading into the winter months but should stave off a double-dip recession, according to the latest Ernst & Young Item Club quarterly forecast. However, the think tank expects the British housing market to fall back into recession, and added that the outlook for households and consumers is "bleak." Full Article
Oct 18, 2010 Stuttering Economy Seeks More Assistance?The FOMC minutes released last week led to the strengthening of expectations that the Fed will soon announce another round of quantitative easing. Full Article

Earnings News

Oct 18, 2010 Philips Q3 profit surges; cautious on Q4 topline growthMonday, Koninklijke Philips Electronics NV (PHG) said its third-quarter profit more than tripled from last year, reflecting a 10% growth in sales, lower charges and cost-cutting. Comparable sales improved 1%. But the firm said it remained cautious on revenue growth in the fourth quarter, although it expects it to be seasonally stronger quarter. Full Article
Oct 18, 2010 Hasbro Q3 profit rises 3%, beats StreetMonday, Hasbro Inc. (HAS) reported a 3.2% rise in profit for the third quarter, as net revenues grew 3% on a 9% increase in sales of preschool toys. Meanwhile, sales in the girls category declined 1%. Both earnings and revenue came in above the Street view. On a constant currency basis, net revenues climbed 4% from last year. Full Article
Oct 18, 2010 Citi turns to profit in Q3, beats StreetMonday, Citigroup, Inc. (C) said it returned to profit in the third quarter, helped by much lower provisions for credit losses. Total revenues, net of interest expense grew 1.7% year-over-year. Earnings per share came a penny above the Street view, but revenue fell short of estimates. The company noted that the results of the latest quarter was hurt by a tax charge for its sale of The Student Loan Corp. Full Article
Oct 18, 2010 Halliburton Q3 profit more than doublesMonday, Halliburton Company (HAL) posted more than a two-fold jump in its profit for the third quarter, helped mainly by a significant rise in onshore natural gas drilling that offset a drop in offshore drilling in the Gulf of Mexico, following the spill. Quarterly revenues came in above the estimate of analysts. Full Article

Corporate News

Oct 18, 2010 Northeast Utilities to acquire NSTAR for $9.5 blnMonday, Northeast Utilities (NU) agreed to buy NSTAR (NST) in a deal valued at $9.5 billion. NSTAR shareholders would receive 1.312 Northeast Utilities common shares for every NSTAR share they own. The total enterprise value is estimated to be $17.5 billion. Northeast Utilities expects deal to be accretive to earnings in the first year following close. Full Article
Oct 18, 2010 Royal Bank of Canada to buy BlueBay Asset Management for $1.5 blnMonday, Royal Bank of Canada (RY) agreed to acquire BlueBay Asset Management Plc (BBAY.L) for about GBP 963 million or about US$1.53 billion. The Canadian bank does not expect the deal to have any material impact on its earnings in the near term. The 485 pence per share deal is part of Royal Bank of Canada's plan to enhance its growth in the Wealth Management business. Full Article
Oct 18, 2010 St. Jude Medical to buy AGA Medical in $1.3 bln cash for stock dealMonday, St. Jude Medical, Inc. (STJ) agreed to buy the entire outstanding shares of AGA Medical Holdings, Inc. (AGAM) for about $1.3 billion, including debt assumption of about $225 million. St. Jude expects the $20.80 per share deal to close by the end of the year, and to be accretive to its GAAP earnings in 2011 and beyond. The company also said it expects to take an acquisition-related charge in the fourth quarter of 2010. Full Article
Oct 18, 2010 Caterpillar to form JV with AVIC Liyuan to make motors, pumpsSunday, Caterpillar (China) Investment Co. Ltd., a wholly-owned unit of Caterpillar Inc. (CAT), said it agreed with AVIC Liyuan Hydraulics Co. Ltd. to form hydraulic pump and motor manufacturing company. The company indicated that the joint venture will provide components for use in its products as well as in third-party machinery and equipment. Caterpillar did not reveal details regarding the size and its proportion of stake in the J.V. Full Article
Oct 18, 2010 KKR offers to buy Perpetual for A$1.75 blnSunday, Kohlberg Kravis Roberts & Co. (KKR) offered to buy Australian firm Perpetual Ltd. for about A$1.75 billion, or US$1.72 billion, as KKR is planning to expand into the Australian markets. KKR’s bid is priced A$38 - A$40 per share, which represents 29% more than its close on October 15, Perpetual said in a statement. Full Article
Oct 18, 2010 BHP, Rio Tinto terminate proposed iron-ore JV in AustraliaSunday, BHP Billiton Ltd. (BHP) and rival Rio Tinto (RTP) agreed to terminate their planned 50:50 joint venture deal valued around US$116 billion, which was intended to combine their Western Australian iron ore assets in Pilbara region. The companies cited regulatory hurdles for dissolving the deal and said they mutually agreed that no break-up fee is payable. Full Article

Broker Ratings Changes

Oct 18, 2010 FBR Capital Markets Ups DuPont Fabros Technology Inc. (DFT) To Outperform From Underperform With $27 Up From $26 Price Target

Todays WS Events

Oct 18, 2010 Northeast Utilities Investor Conference Call At 8:30 AM ET Northeast Utilities (NU) will host an investor conference call at 8:30 AM October 18, 2010 to discuss its merger with NSTAR (NST). To access the live webcast, log on at or The call can also be accessed by dialing (888) 802-8577 (US) or +1-973-935-8754 (International) with code 19106148. For replay of the call, dial (800) 642-1687 (US) or +1-706-645-9291 (International) with code 19106148.
Oct 18, 2010 Halliburton Q3 10 Earnings Conference Call At 9:00 AM ET Halliburton Company (HAL) will host a conference call at 9:00 AM ET, to discuss Q3 10 earnings results, on October 18, 2010. To access the live webcast, log on at To hear the live call, dial (703) 639-1308. A replay of the call can be heard by dialing (703) 925-2533 with passcode 1471700.
Oct 18, 2010 Citigroup Q3 10 Earnings Conference Call At 11:00 AM ET Citigroup Inc. (C) will host a conference call at 11:00 AM ET, October 18, 2010, to discuss its Q3 10 financial results. To access the webcast, log on at The call can also be accessed by dialing (877) 700-4194 (US) or (706) 679-8401 (International) with code 10403840.
Oct 18, 2010 IBM Q3 10 Earnings Conference Call At 4:30 PM ET International Business Machines Corp. (IBM) will host a conference call at 4:30 PM ET, October 18, 2010, to discuss its Q3 10 financial results. To access the live webcast
Oct 18, 2010 Apple Q4 10 Earnings Conference Call At 5:00 PM ET Apple Inc. (AAPL) will host a conference call at 5:00 PM ET, October 18, 2010, to discuss its Q4 10 financial results. To access the live webcast, log on at The call can also be accessed by dialing (800) 289-0552 or (913) 312-1405. For replay of the call, dial (888) 203-1112 (US) or (719) 457-0820 (International) with code 1034928.

F & F I N : Reuters - Before the Bell .- Futures dip ahead of busy earnings . Oct.18th., 2010


Futures dip ahead of busy earnings
BHP and Rio scrap $116 billion iron ore joint venture
China vows breakthroughs to secure growth
Honeywell pushes back recovery forecast for business-jet
Halliburton profit up as onshore activity jumps
Will G20 change its currency tune?
Hitachi, Johnson Controls to tie up in batteries
Caterpillar sets up parts JV with China Liyuan
AIA to shut IPO book early on strong demand-sources
U.S. PEs eye stake in India's Hero Honda: report

Mineweb : Top Stories.- Death toll rises to 26 in Pingyu coal mine blast. Oct. 18th., 2010

Mineweb logo

TOP STORIES | Monday , 18 Oct 2010                                                     

Death toll rises to 26 in Pingyu coal mine blast

As the world continues to express elation over the Chilean mining rescue, mine fatalities were reported in both China and Ecuador over the weekend.    Monday , 18 Oct 2010

BHP, Rio scrap $116bn iron JV

Caving to opposition from all sides, the two firms shelved the joint venture that they claim would have reaped more than $10bn in savings, 16 months after they first unveiled the plan    Monday , 18 Oct 2010

High-rising resources stocks- the top 50

As bulls and bears bash heads, fifty mining stocks have risen by an average of 431% this year alone and, amid the conundrums, what comes next is anyone's guess    Friday , 15 Oct 2010

EPA threatens to rescind Spruce coal project's legal water permit

For the first time in its history, the U.S. EPA is threatening to withdraw a crucial water quality permit already issued for a new West Virginia coal mining project.    Monday , 18 Oct 2010

Mega miner in Zambia with African Rainbow Minerals

Vale, the world's No 2 miner, further spreads its rapidly growing African wings with the build launch yesterday of the Konkola North copper mine, with partner ARM.    Friday , 15 Oct 2010

Chinese energy saving plans positive for aluminium short term

As China approaches the end of its current 5-year plan, energy saving to meet targets is likely to impact aluminium production in Q4 and enhance prices    Monday , 18 Oct 2010

Can gold, silver, oil et al tolerate fast depreciating dollar?

Julian Phillips examines the likely impact of rapid dollar devaluation due to more Quantitative Easing on the gold silver and oil sectors.    Sunday , 17 Oct 2010

Gold a sure bet amidst the current global currency crisis

The technical manner of gold's break through $1000 this time last year suggests an upside target of between $1350 and $1400 an ounce    Monday , 18 Oct 2010

Fortescue to sell $2bn in bonds

The Australian miner has launched a international bond roadshow, ahead of the issue of the 5-year unsecured note    Monday , 18 Oct 2010

Mexican billionaire hedges gold, silver and copper production

The world's richest man, Carlos Slim, has bought protection for his mining operations by selling gold, silver and copper production forward.    Saturday , 16 Oct 2010

Chinese managers questioned over shooting of11 Zambian coal miners

Statements have been taken by police from two Chinese managers over incident in which eleven protesting miners were shot and wounded.    Saturday , 16 Oct 2010

Gold equities expected to lag further, despite continued surge in metal prices

According to analysts underperformance by gold shares will be underlined in coming quarters as a spike in the yellow metal is largely discounted and the equities look expensive.    Friday , 15 Oct 2010

Weekend Top Story: Now U.S. to mint 5 ounce silver bullion coins

The U.S. Mint's first five-ounce, .999 fine silver bullion coin is expected to be released shortly to the Mint's authorized bullion dealer network.    Friday , 15 Oct 2010

PODCASTS / RADIO                                                     

Gold's current fundamentals - Nic Brown, Head of Commodities Research Natixis

"There is the potential for a substantial correction in gold prices - when it's going to start - very difficult to tell"

The platinum market - David Hargreaves: Mining Consultant with W.H. Ireland

A look at the supply and demand fundamentals currently affecting the price of platinum

AngloGold, Alcoa and emerging markets

A look at the implications of AngloGold cutting its hedge book, Alcoa's results and emerging market metals plays

MarketWatch: Special Financial Services.- Dollar Extend Rebound /Asia trades Lower / U.S. Stocks Futures Drop. Oct. 18th., 2010

Dollar extends rebound, but yen also rises
By William L. Watts MarketWatch

The U.S. dollar gains on most major rivals for a second day after investors express disappointment over a lack of details on the Federal Reserve’s expected move to provide additional quantitative easing. 

By Chris Oliver MarketWatch

Shanghai surrenders early gains to end winning streak at seven. Mainland-listed mining shares are hit hard following a recent bull run.  See full story

Indications: U.S. stock futures drop; Citigroup results due

By William L. Watts MarketWatch

U.S. stock-index futures are under pressure Monday, pointing to a lower open for Wall Street as investors await earnings from Citigroup and the U.S. dollar rebounds.