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Oct 20, 2010

MarketWatch : Personal Finance Daily. Your credit could mar your job application

MarketWatch
Personal Finance Daily
OCTOBER 20, 2010

Wednesday's Personal Finance stories

Don't miss these top stories:

By MarketWatch



One of the difficulties about searching for a job is you never really know why companies decide not to hire you. It could be your lack of relevant experience. Or maybe you and the hiring manager just didn't connect in the interview. For some employers, no doubt, it's the gray in your hair. For some others, it could be that credit-card bill you neglected to pay last year.

A survey found that more than half of companies take a look at job applicants' credit histories before extending a job offer. Read Ruth Mantell's story to find out why the U.S. Equal Employment Opportunity Commission is taking a closer look at this practice.

Also, don't miss Kristen Gerencher's look at the health system in Canada, where some are urging the government to allow for-profit companies to offer medical services to those who can afford it. But plenty of Canadians want to keep their system as is, long waits and all.

One of the many problem with using credit reports in hiring is those documents often are rife with errors. A friend of mind with a relatively common name fought for years to disconnect her credit file from another woman's; that other person's penchant for skipping out on her bills might have made any employer shred that job application in a heartbeat.

Andrea Coombes , Personal Finance editor

JOB MARKET

Job seekers' credit reports in spotlight

With the national unemployment rate at 9.6%, the U.S. Equal Employment Opportunity Commission is concerned about employers using job applicants' credit history as a screening tool.
Read more on job seekers' credit reports in spotlight.

Tweet your way to a job? Maybe

Mitchell Strobl is your average college junior at DePauw University in Greencastle, Ind., but the way he landed his new job is distinctly 21st century.
Read more on tweet your way to a job?


HEALTH CARE

Calgary tests waters with private health care

In Canada's oil-rich city of Calgary, there's no shortage of deal-making swagger. But there's a growing shortage of patience with strains on the local health-care system that's pitting free-market enthusiasts against supporters of the popular public-health program.
Read more on Calgary tests waters with private health care.

Calgary weighs private options

In Canada, rising health-care costs are prompting a call for changes to the country's popular public program.
 Watch video on Calgary weighs private options for health care.


Sepsis: A deadly disorder you've never heard of

Sepsis is a leading cause of death in American hospitals, but ask most people what sepsis is, and they'll give you a blank stare.
Read more on sepsis: a deadly disorder you've never heard of.

CREDIT AND DEBT

Debt-relief plans may surprise you

Mike B. from Marshfield, Mass., is trying to avoid becoming an economic statistic. He lost his construction job in November 2009, and hasn't found steady employment since, picking up handyman work and odd jobs wherever possible. His wife Emily took a job recently, mostly so they could get benefits.
Read more on debt-relief plans may surprise you.


REAL ESTATE

White House sees no ‘structural' foreclosure issue

There's no "structural" issue requiring a halt to foreclosures and the government won't interfere with Bank of America Corp.'s (BAC) decision to resume them, the nation's top housing official said Wednesday.
Read more on White House seeing no ‘structural' foreclosure issue.


ECONOMY & POLITICS

Republicans would do nothing for economy

The Republicans are expected to take control of the House (and possibly the Senate) in next month's election, largely because the public is outraged that the economy still isn't growing fast enough to create any substantial number of jobs.
Read more on Republicans would do nothing for economy.


Commentary: In a zero-sum economy, are you winning or losing?
Given the negligible real growth in our economy, we've reached the point where it's truly a zero-sum game. For me to win, someone else must lose, writes Peter Atwater.
Read more on in a zero-sum economy are you winning or losing?


U.N. sees world population up a third by 2050

The United Nations on Wednesday stuck to a prediction that the world population will grow by roughly a third by 2050, underscoring the worries about population growth that have contributed to rising prices of agricultural commodities.
Read more on U.N. sees world population up a third by 2050.


INVESTING

What corporate insiders are doing

Over the last two months, corporate insiders have changed their tune in a big way: They now favor the sell side far more than the buy side.
Read more on what corporate insiders are doing.

F & F I N : George Osborne has unveiled the biggest UK spending cuts for decades



Chancellor George Osborne has unveiled 
the biggest UK spending cuts for decades, 
with welfare, councils and police budgets all hit.

The pension age will rise sooner than expected, some incapacity benefits will be time limited and other money clawed back through changes to tax credits and housing benefit.  For Full Story Click Here:

CNBC : Evening Market Brief : No Sign Foreclosure Problems 'Systemic': White House. Oct. 20th., 2010


LATEST STORIES


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

All-New CNBC Original
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 Tonight at 9:00 PM ET/PT
»more info


LATEST VIDEO

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

F & F I N : Reuters Daily - Investor Update.-Wall Street bounces with dollar, earnings



FROM: DAILY INVESTOR UPDATE

Wall Street bounces with dollar, earnings
Economy grew sluggishly in recent weeks: Fed
EBay quarterly results beat Street view, shares up
Morgan Stanley falls further behind Goldman
U.S. wants G20 commitment to let currencies rise
Obama admin: Mortgage troubles not "systemic"
U.S. airlines post impressive quarter, shares soar
Apple touts iPad-inspired Mac laptop
Steve Eisman's FrontPoint is back on its own
Canadian province sees no benefit from BHP's Potash bid

RTTnews Evening Market Wrap.Stocks Rise On Positive Earnings, Fed's Beige Book - U.S. Commentary . Oct .20th., 2010

Evening Market Wrap Wed Oct 20 17:01 2010

Commentary

Oct 20, 2010 Stocks Rise On Positive Earnings, Fed's Beige Book - U.S. Commentary Stocks saw strong gains on Wednesday amid positive reaction to a batch of strong earnings data and news of modest economic growth detailed by the Federal Reserve's Beige Book report. The major averages all saw some downside in late-session dealing, but still posted notable gains on the day. Full Article

Economic News

Oct 20, 2010 Fed's Beige Book: Economic Activity Rising At Moderate PaceThe Federal Reserve saw a modest rise in the United States economy from September through October 8, according to its collection of anecdotal information known as the Beige Book. The central bank also detected that consumers were regaining confidence, albeit slowly, despite lingering weakness in the jobs and housing markets. Full Article
Oct 20, 2010 IMF: Emerging Europe To Grow Faster Than Advanced EuropeEmerging Europe is projected to grow faster than advanced Europe, the International Monetary Fund said Wednesday. It added that this section of the continent must have well designed fiscal consolidation and should repair the banking system to sustain the recovery and to minimize risks. In its regional economic outlook for Europe, the Washington-based lender said emerging Europe will grow by 3.9% this year and 3.8% next. It had contracted 6% in 2009. The outlook depends on developments in advanced Europe. Full Article
Oct 20, 2010 MBA: Mortgage Demand Drops As Rates Head HigherU.S. mortgage applications fell last week as fixed interest rates on 15- and 30-year mortgages rose for the first time in more than a month, industry data revealed Wednesday. The Mortgage Bankers Association's (MBA) index of mortgage activity for the week ending October 15 decreased 10.5 percent on a seasonally adjusted basis from one week earlier. Overall mortgage applications were up more than 14 percent the week before. Full Article
Oct 20, 2010 IMF: ECB May Need To Extend Unconventional MeasuresThe European Central Bank should be ready to extend its emergency stimulus measures if the economic situation warrants such a move, the International Monetary Fund said Wednesday. "The ECB should remain ready to adjust the time horizon of its low-interest-rate policy and redeploy extraordinary monetary measures if the recovery should stall unexpectedly," the Washington-based lender said in its latest regional economic outlook for Europe. Full Article

Corporate News

Oct 20, 2010 Genzyme Q3 Profit SurgesBiotechnology company Genzyme Corp. (GENZ), which is involved in a takeover tussle with French drug giant Sanofi-Aventis (SNY), Wednesday reported a higher profit for the third quarter, driven by increased shipments of Gaucher disease treatment Cerezyme, strong revenue from Lumizyme for Pompe disease and cost reduction measures. Full Article
Oct 20, 2010 Aetna CEO Ronald Williams To RetireHealth Insurer Aetna, Inc. (AET) announced Wednesday that its Chairman and Chief Executive Officer Ronald Williams will retire in April 2011. Williams will be succeeded by current President Mark Bertolini as the new CEO, effective November 29. On the same day, Williams will become Executive Chairman. Bertolini will also be elected to the company's board. Full Article
Oct 20, 2010 Morgan Stanley Posts Net Loss In Q3Financial services firm Morgan Stanley (MS) Wednesday reported a slip to a net loss in its third quarter, while, income from continuing operations plunged 67% from last year, mainly on negative revenue related to its debt-related credit spreads. For the third quarter, the company reported a loss applicable to Morgan Stanley common shareholders of $91 million, compared to earnings of $498 million last year, and $1.58 billion last quarter. On a per share basis, loss was $0.07, in comparison with earnings of $0.38 a year ago, and $1.09 in the second quarter. Full Article
Oct 20, 2010 Boeing Turns To Profit In Q3; Lifts 2010 Earnings OutlookAerospace and defense major Boeing Co. (BA) on Wednesday reported a profit for the third quarter, reflecting higher deliveries of commercial airplanes as the market recovers from a downturn. Looking ahead, the company raised its earnings outlook for fiscal year 2010. The Chicago, Illinois-based company's third-quarter net income was $837 million or $1.12 per share, compared to net loss of $1.56 billion or $2.23 per share in the year-ago quarter. Full Article
Oct 20, 2010 Altria Group Q3 Profit Rises; Boosts ForecastCigarette maker Altria Group, Inc. (MO) Wednesday reported a higher profit for the third quarter, while revenues rose marginally from last year. On a per share basis, earnings missed estimate. Further, the company reaffirmed its full-year earnings forecast, while raising the same on a reported basis. Full Article
Oct 20, 2010 United Technologies Q3 Profit Rises, Tops ExpectationsAerospace parts maker United Technologies Corp. (UTX) reported Wednesday a 13% year-over-year increase in profit for the third quarter, boosted margin expansion and quarterly revenue growth. Earnings per share for the quarter increased 14%, and topped analysts' expectations by two cents. The conglomerate also raised its earnings outlook for the full-year 2010 to be at the top end of the prior guidance, citing strong year-to-date performance. Full Article

Political News

Oct 20, 2010 US Denies Nuclear Energy Cooperation With PakistanThe United States has denied reports that there is a possibility for a U.S.-Pakistani nuclear cooperation on energy. Briefing the media on the eve of the U.S.-Pakistan strategic dialogue in Washington, US Deputy Special Representative for Afghanistan and Pakistan Frank Ruggiero said, "We're not in any discussions with the Pakistanis on civil nuclear cooperation." Full Article
Oct 20, 2010 Romanian Government Faces No-Confidence Over Austerity MeasuresThe Romanian Opposition has tabled a second no-confidence motion against the coalition government in four months in protest against its austerity measures. The motion, signed by 209 members of the Social Democrats (PSD), Conservatives (PC) and Liberals (PNL), was read in a joint session of both Houses of Parliament on Wednesday. Full Article
Oct 20, 2010 Britain Unveils Spending Review, Announces Major Spending CutsThe British Government unveiled its spending review on Wednesday, with finance minister George Osborne announcing his government's plans to reduce spending by £83 billion over the next four years. While announcing Britain's largest public spending reform since World War II in the House of Commons on Wednesday, Osborne said drastic spending cuts were required to bring the country's massive deficit of 156 billion pounds under manageable levels before the term of the present parliament ends in 2015. Full Article
Oct 20, 2010 US Military Unlocks Doors To Openly Gay RecruitsThe U.S. military has started accepting gay recruits following last week's decision by a California judge to bar the "don't ask, don't tell" policy which prevented openly gay personnel from serving in the armed forces, reports said on Tuesday. However, the Department of Defense (DoD) said there was a possibility that the order revoking the ban might well be overturned on appeal. Full Article

NYT: AFternoon Business News.- Palestinians Consider Shift in Strategy on Statehoo. Oct. 20th., 2010


HUD Chief Vows Vigilance on Foreclosures

By BINYAMIN APPELBAUM
After a meeting of federal regulators, the housing secretary said that the government had yet to find evidence of widespread problems in the foreclosure process, but that the investigations would continue.

In Britain, Keynesians Fall Out of Favor

By LANDON THOMAS Jr.
In the land of his birth, John Maynard Keynes's view that deficit spending by governments is crucial to avoiding a long recession has lately been willfully ignored.

A Day After China's Jolt, Markets Rise

By CHRISTINE HAUSER
After China's first interest-rate increase in three years shook markets on Tuesday, investors turned to the latest corporate earnings reports.

Airlines Find a Route to Profit

By JAD MOUAWAD
Delta, AMR and US Airways attributed the results to higher ticket prices and a rebound in air travel.

Microsoft and City Have Software Deal

By ASHLEE VANCE
The agreement allows New York City's government to purchase only the programs that workers need, rather than suites of software.

F & F I N : U. S. Markets At Close Snapshot. Oct. 20th 2010

 
 


 INDEX                         Last            CHG            %CHG
DJIA*11107.97   129. 35         351.18
Nasdaq*2457.39     20.440.84
S&P 500*1178.17     12.271.05
DJ Total Stock Market*12337.27   132.451.09
Russell 2000*702.11       7.961.15   

F & F I N :The Fed is The Big Part Of The Problem.



 "Wednesday, October 20, 2010
John Bollinger, editor of Capital Growth Letter, says the central bank often causes more problems than it solves, and needs to rethink its mission.
It seems that it is time once again to consider the question as to whether the Federal Reserve Board is the solution or the problem. I think the Fed is at least part of the problem, and maybe more.

The late, great Milton Friedman long argued that the Fed should supply stability, that [it] should see to a steady monetary growth rate of three or four percent per annum and should try to stay out of everybody’s way.

I’ve lived through five Fed chairs: Arthur F. Burns, G. William Miller, Paul A. Volcker, Alan Greenspan, [and] Ben S. Bernanke.

Volcker seemingly single-handedly broke the back of inflation in the most spectacular and gut-wrenching manner possible. Next up was Alan Greenspan, who steered the steadiest course of them all and in the end was reviled for doing so.

Then came Bernanke, who seems to be the most anxious of all of them to be the glamour boy in the headlines. Of all these men, Greenspan came the closest to what I’d like to see, but in the final analysis he, too, became proactive, which proved his undoing.

The problem is that the Federal Reserve Board with its twin goals (“to promote ‘maximum’ sustainable output and employment and to promote ‘stable’ prices”) is really no different than any other group of individuals that forms a crowd. They are too fearful at the bottom and exuberant at the top. Rather than being counter-cyclical, which is their real mission, they end up being procyclical. Rather than being conservative, they are proactive.

In my relatively short investing career, I’ve seen bubbles in gold, real estate, Internet stocks, bonds, energy, mortgage-backed securities, airline stocks and conglomerates, to name a few, and more often than not the Fed was either the cause or played along. I suspect that all of them would have been smaller, or perhaps not bubbles at all, had the Fed been steering a steady course.

In essence, what I’d like is a Fed that is shy, insecure and modest; a Fed that acts rarely and then with circumspection. Today’s Fed is not only pro-cyclical, it is a Fed that believes in its own efficacy when there is precious little in its 97-year history to suggest that they are capable of anything other than causing trouble.

Like Dr. Friedman, I’d like to see the Federal Reserve abolished, or at least tightly hobbled. Lacking that, I’d like them to steer the steadiest course imaginable, at least through three or more cycles, so everybody gets the message that there will be no Fed “put”—the idea that institutions and individuals take excessive risks because they think that the Fed will be there to bail them out.

The Fed Is a Big Part of the Problem - MoneyShow.com:



RTTNews: Daily Market Analysis: Consolidation Likely As Uncertainties Persist . Oct. 20th., 2010

Daily Market Analysis Wed Oct 20 09:16 2010

Oct 20, 2010 Consolidation Likely As Uncertainties Persist The major U.S. index futures are pointing to a higher opening on Wednesday, with expectations of further quantitative easing likely to offer some support. However, odds favor a retreat or some consolidation around the current levels, as earnings of some blue chips such as Yahoo (YHOO) and Morgan Stanley (MS) cast clouds on corporate profit outlook. The prices of commodities are seeing a small bounce after yesterday's sharp retreat. The markets may also stay focused on the Beige Book to be released later in the day. Full Article

RTTNews : Morning Market Briefing.-Stocks On Pace For Modest Gains Amid Sea Of Earnings - U.S. Commentary .

Morning Market Briefing Wed Oct 20 09:01 2010

Commentary

Oct 20, 2010 Stocks On Pace For Modest Gains Amid Sea Of Earnings - U.S. Commentary Stock futures are pointing to modest gains on Wednesday, as the markets are digesting a largely upbeat batch of quarterly earnings results including a solid report card from Dow component Boeing (BA). The major index futures are all in positive territory, with the Dow futures up by 19 points. Full Article

Economic News

Oct 20, 2010 UK Chancellor Unveils Spending CutsUK Chancellor of the Exchequer George Osborne unveiled details of the Comprehensive Spending Review to the parliament on Wednesday. Full Article
Oct 20, 2010 Australia Leading Index Growth Continues To SlowA leading indicator of the Australian economy continued to rise in August although the pace of growth slowed again, new figures showed on Wednesday. Full Article
Oct 20, 2010 Japanese Economy 'Heading For Slowdown'Japan's economic growth forecasts are set for a downgrade when the Bank of Japan releases its latest outlook report next week, Bank of Japan deputy governor Kiyohiko Nishimura revealed on Wednesday. Full Article
Oct 20, 2010 BoE Minutes Show MPC Split Three Ways Policy makers of the Bank of England left the key interest rate unchanged and maintained the size of quantitative easing at GBP 200 billion by a three-way split in October, the minutes of the meeting showed Wednesday. Full Article
Oct 20, 2010 U.K. September Public Borrowing Exceeds ForecastsU.K. public sector borrowing in September came in more than expected, figures showed on Wednesday. Full Article
Oct 20, 2010 IMF: ECB May Need To Extend Unconventional MeasuresThe European Central Bank should be ready to extend its emergency stimulus measures if the economic situation warrants such a move, the International Monetary Fund said Wednesday. Full Article

Earnings News

Oct 20, 2010 Altria Group Q3 profit climbs 28%, adj. EPS beats estimateWednesday, Altria Group Inc. (MO) reported a 28.2% rise in profit for the third quarter as revenue improved 1.6% from last year. Adjusted earnings came in above the Street view. Looking ahead, the firm raised its guidance for fiscal 2010 earnings, citing tax benefits, but reiterated its full-year adjusted earnings view. Full Article
Oct 20, 2010 Boeing turns to profit in Q3; lifts FY10 ESP viewWednesday, Boeing Co. (BA) said it returned to profit in the third quarter, reflecting much lower research and development expense. Both earnings and revenue, which grew 2% from last year, came in above the Street view. Looking ahead, the company lifted its earnings outlook range for the full year. Full Article
Oct 20, 2010 Morgan Stanley slips to loss in Q3Wednesday, Morgan Stanley (MS) posted a loss for the third quarter, hit by charges arising from debt-related credit spreads. Net revenue declined 15% from last year, as revenue from institutional securities dropped 36%. Adjusted earnings per share came in below the Street view. Full Article
Oct 20, 2010 Abbott Q3 profit falls 40%Wednesday, Abbott Laboratories (ABT) reported a 40% drop in its third quarter profit, hurt by one-time charges related to its purchase of Belgian drug-maker Solvay Pharmaceuticals. Adjusted earnings per share came a penny above the Street view, but sales fell short of estimates, despite growing 11.8% year-over-year. Looking ahead, Abbott raised the low end of its 2010 adjusted earnings guidance, with the current estimate of analysts at the low end of the outlook range. Full Article
Oct 20, 2010 Stryker Q3 profit up 48%, beats StreetTuesday, Stryker Corp. (SYK) reported a 47.5% rise in profit for the third quarter profit, reflecting higher sales of its Orthopaedic Implants and MedSurg Equipments, as well as the absence of restructuring charges that hit prior-year reuslts. Adjusted arnings per share came in above the Street view. Looking ahead, the company lifted the lower end of its adjusted earnings outlook range for the full year. Full Article
Oct 20, 2010 U.S Bancorp Q3 profit up 49%, tops estimateWednesday, U.S Bancorp (USB) reported a 49.4% rise in profit for the third quarter as total revenue grew 7.9%, helped by a 14.8% increase in net interest income. Also, provision for loan losses decreased 32% from the past year. Both earnings and revenue came in above the Street view. Full Article
Oct 20, 2010 Yahoo! Q3 profit more than doubles; guides Q4 revenue below StreetTuesday, Yahoo! Inc. (YHOO) reported more than a two-fold jump in its third-quarter profit, helped by a huge gain on sale of HotJobs. The results were also boosted by robust growth in display advertising revenue and improved margins. Operating margin expanded to 11.8% from 5.8% in the past year. Looking ahead, the company guided fourth-quarter revenue to come in below the Street view. Full Article
Oct 20, 2010 Gilead Sciences Q3 profit up 5%, beats StreetTuesday, Gilead Sciences, Inc. (GILD) reported a 4.7% rise in profit for the third quarter, reflecting an 8% growth in revenues and lower research and development costs. Both earnings and revenues came in ahead of the Street view. Full Article
Oct 20, 2010 United Technologies Q3 profit rises 13%, beats Street; lifts FY10 EPS viewWednesday, United Technologies Corp. (UTX) reported a 13% rise in profit for the third quarter, as revenue edged up by a percent from last year. Earnings came in above the Street view, while revenue fell short of estimates. Excluding charges, earnings climbed 9% year-over-year. Looking ahead the firm lifted its full-year earnings guidance, which is still below the current estimate of analysts. United Technologies also guided 2010 revenue to come in below consensus estimate. Further, the company said it is raising its 2010 net restructuring cost estimates by $100 million. Full Article
Oct 20, 2010 St. Jude Medical Q3 profit up 25%, beats Street; lifts FY10 EPS view above consensusWednesday, St. Jude Medical Inc. (STJ) reported a 24.8% rise in profit for the third quarter, as sales grew 6.9% year-over-year. Adjusted earnings came in above the Street view, but revenue came slightly below estimates. Looking ahead, the firm raised the top end of its adjusted 2010 earnings outlook, which is well above the current estimate of analysts. Full Article
Oct 20, 2010 Wells Fargo Q3 profit rises 19%Wednesday, Wells Fargo & Company (WFC) reported a 19% rise in profit for the third quarter, helped by lower provision for credit losses. Earnings per share came in above the Street view, but revenue, which dropped 7% from last year, fell short of estimates. Full Article
Oct 20, 2010 Juniper Networks Q3 profit up 61%, meets StreetTuesday, Juniper Networks Inc. (JNPR) reported a 61% surge in profit for the third quarter, reflecting improved margins and a 23% growth in revenue. Adjusted earnings per share came in line with the Street view, while revenue fell short of estimates. Full Article
Oct 20, 2010 Eaton Q3 profit up 39%, beats Street; boosts FY10 earnings guidanceWednesday, Eaton Corp. (ETN) reported a 39% rise in profit for the third quarter, reflecting higher core sales. Both operating earnings and revenue, which grew 18% from the past year, came in above the Street view. Looking ahead, the firm guided fourth-quarter earnings above the current estimate of analysts and also raised its full year earnings view. Full Article

Broker Ratings Changes

Oct 20, 2010 FBR Capital Markets Downgrades Weatherford International Ltd. (WFT) To Market Perform From Outperform With $21 Down From $23 Price Target

Todays WS Events

Oct 20, 2010 US Bancorp Q3 10 Earnings Conference Call At 8:30 AM ET US Bancorp (USB) will host a conference call at 8:30 AM ET, October 20, 2010, to discuss its Q3 10 earnings result. To access the webcast, log on to www.usbank.com To participate in the call, dial 866-316-1409 (US/Canada) or 706-634-9086 (International) with conference ID number 13138356. A replay can be heard by dialing 800-642-1687 (US/Canada) or 706-645-9291 (International) with conference ID is 13138356.
Oct 20, 2010 Boeing Q3 10 Earnings Conference Call At 10:30 AM ET Boeing Co. (BA) will host a conference call at 10:30 AM ET, October 20, 2010, to discuss its Q3 10 earnings results. To access the live webcast, log on at www.boeing.com/companyoffices/financial/
Oct 20, 2010 Abbott Q3 10 Earnings Conference Call At 9:00 AM ET Abbott Laboratories (ABT)will host a conference call at 9:00 AM ET, October 20, 2010, to discuss its Q3 10 earnings resutls. To access the live webcast, log on at www.abbottinvestor.com
Oct 20, 2010 Wells Fargo Q3 10 Earnings Conference Call At 9:30 AM ET Wells Fargo & Company (WFC) will host a conference call at 9:30 AM, ET, to discuss Q3 10 earnings results, on October 20, 2010. To access the live webcast, log on at wellsfargo.com/invest_relations/earnings To hear the live call, dial 866-872-5161 (US/Canada) or 706-643-1962 (International). A replay of the call can be heard by dialing 800-642-1687 (US/Canada) or 706-645-9291 (International) with Conference ID #99255853.
Oct 20, 2010 Eaton Q3 10 Earnings Conference Call At 10:00 AM ET Eaton Corporation. (ETN) will host a conference call at 10:00 AM ET, October 20, 2010, to discuss its Q3 10 earnings results. To access the live audio webcast, log on at www.eaton.com

MarketWatch : Special Financial Services.- Boeing, Morgan Stanley, Wells Fargo in focus; U.S. stock futures edge up ahead of earnings. Oct. 20th. 2010

MarketWatch
SPECIAL FINANCIAL SERVICES
 
 Before the Bell: Boeing, Morgan Stanley, Wells Fargo in focus
 
By Kim Hjelmgaard MarketWatch

Investors digest another batch of earnings reports from Boeing, Morgan Stanley and Wells Fargo, among others. 


Indications: U.S. stock futures edge up ahead of earnings
 
By Barbara Kollmeyer MarketWatch


U.S. stock futures are pointing to a firmer open for Wall Street, as the heavy week of earnings continues with reports from Boeing, Morgan Stanley and Wells Fargo on tap.  

F & F I N : Before The Bell .- Morgan Stanley Reports Loss on Weak Trading




FROM: REUTERS - BEFORE THE BELL

Stock futures bounce after steep sell-off
Morgan Stanley reports loss on weak trading
BlackRock quarterly profit tops expectations
United Tech profit up 13 percent, raises forecast
Yahoo disappoints on revenue forecast
Regulators to recommend abolishing mandatory ratings
BHP's Potash bid faces pressure from Canadian province
Textron meets Wall Street view, raises outlook
Britain to slash welfare in austerity gamble
Sanofi gets OK from U.S. authorities for Genzyme bid

The Washington Post: Today's Opinions.- Oct , 20th., 2010


Opinions: Wednesday 20,2010

Harold MeyersonBanks' foreclosure hustleThe big banks are getting richer while the nation's economy isn't.
 
Kathleen ParkerMean Girls?That Queen Bee Sarah has led a hive of busy female candidates should be cause for a celebration.
 
Ruth Marcus'Manning up' isn't the problemLawmakers of both genders don't need to man up -- they need to grow up.
 
Dana MilbankThe elite behind the Tea PartyAngry voters have been exploited by people of the same elite class they deplore.
 
Katrina vanden HeuvelPredator's ball The cash flowing into the election mocks Republican pieties.
 
Tom TOLES

Click on the image for the full-size cartoon.
Ann TELNAES

Click on the image for the animation.

WSJ : India Real Time News.- Margins Drag on HC L Shares. Oct. 20th., 2010


Oct 20, 2010
2:22 PM

Margins Drag on HCL Shares

HCL Technologies, India’s fourth-largest software exporter, continued the trend of strong revenue reports started by Infosys Technologies last week. HCL posted a 22% rise in revenue to 37.08 billion rupees ($838.16 million) in the fiscal first quarter.
That however didn’t translate into high profit growth. Its profit edged up only 3.1% to 3.31 billion rupees. Even that rise was largely due to lower foreign exchange losses compared to a year ago. Profits compared to the previous quarter actually slid despite a 7.6% rise in business.
Not surprisingly, the stock fell. In mid-day trading, the stock was down 0.7% at 435.80 rupees, while the 30-stock benchmark Sensex was flat.

 Oct 20, 2010
8:30 AM

India Journal: The Danger of Deafness


Just imagine. A child is badly injured.  It’s a medical emergency and the family is rushing her to the hospital in an ambulance.  Well, rushing may be an optimistic word. Shall we instead say moving through Delhi streets? Perhaps even that is too hopeful. Most likely the family is stuck in traffic because no one is giving way.
I’ve often seen ambulances – fancy ones from private hospitals like Max or Fortis as well as simple vans from a government hospitals – trying desperately to make their way through traffic. They sound their sirens but drivers pay no heed. When I try to move over to clear the way, firstly others won’t allow me. Then, when I finally do manage to pull over, three other cars quickly squeeze into the space I’ve made and the ambulance is no better off.

Oct 19, 2010
7:16 PM

No Boost for L&T From Good Results

Investors seem to have largely ignored a strong second-quarter showing by Larsen & Toubro Ltd., India’s largest engineering and construction company by revenue, with shares ending 1% lower at 1994.05 rupees ($44.95) on Tuesday on the Bombay Stock Exchange. The benchmark Sensex closed down 0.92% as investors sought to free cash to invest in Coal India.
The earnings announced Monday were far better than analysts had predicted, with profit growing 32% to 7.65 billion rupees ($172.4 million) and sales up 18% at 92.61 billion rupees. Revenue of its core engineering and construction business, which accounts for 80% of its revenues, increased 17% to 80.15 billion rupees.
Analysts were expecting a net profit of 6.52 billion rupees on net sales of 88.85 billion rupees.