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Nov 1, 2010

MarketWatch : Personal Finance Daily.-Low mortgage rates can complicate your life.

MarketWatch
Personal Finance Daily
NOVEMBER 01, 2010

Monday's Personal Finance stories

By MarketWatch




Don't miss these top stories:
Refinancing your home mortgage is a costly and time-consuming process, but if you can shave your mortgage rate down to less than 4.5%, is it worth it? Maybe. And right now that "maybe" holds even if you took out your loan less than a year ago.

Thanks to ultralow mortgage rates, now might be the time to welcome more paperwork — and a lower monthly payment — into your life. Of course, whether that's true for you will depend a lot on your current financial picture, and how your home's value is holding up, too.

Read Amy Hoak's Home Economics column today for more on how to decide whether to refinance, even on a fairly new loan, plus don't miss Jennifer Waters's story on private real-estate transfer fees that may eat into the value of your home over time.

Also, check out our Trading Strategies package offering a slew of investing insights for November, and read our complete election coverage, including how Congress may well put off dealing with the Bush-era tax cuts, which expire at the end of this year, until next year.

Andrea Coombes , Personal Finance editor

REAL ESTATE

Refinance in less than a year? Maybe

Low mortgage rates have some homeowners considering a refinance, even if it it's been less than a year since they bought their home. And those who aren't thinking about refinancing probably should consider the possibility, if they have the necessary income, credit and home equity.
Read more on refinance in less than a year? Maybe.


Watch for private real-estate transfer fees

If you're in the market for a newly built home, be on the lookout for a controversial cost called a private transfer fee. It has gotten the attention of Congress and could change how homeowners value their homes.
Read more on watch for private real-estate transfer fees.


TAXES

What the election means for your taxes

With the Bush-era tax cuts set to expire Dec. 31, you'd expect that the first order of business for Congress after Tuesday's election, no matter who controls the House or Senate, would be to deal with tax law.
Read more on what the election means for your taxes.


RETIREMENT

A money-back promise — and more

More 401(k) savers are in target-date funds, but their goals and those of the fund firms that created those products may not match.
 Watch video on target-date funds: should they promise to preserve your money?


INVESTING

How investors can play the midterm elections

Voters and investors, place your bets. While history shows stocks do better in the third year of a presidential cycle, the outcome of coming midterm elections could produce some surprises for a market that's already priced in a more business-friendly Congress.
Read more on how investors can play the midterm elections.


Long haul for investors

What with the elections and the Federal Reserve, November looks set to be an uphill climb for investors. Let our experts help guide your journey.
Read MarketWatch's Special Report: Trading Strategies for November.


Commentary: Is the third time the charm for the Dow?

For the third time in two weeks, blue chips are back to the level to which they rose at their April high.
Read more on is the third time the charm for the Dow?


Bad funds and the investors who love them

While no one goes out of the way to invest in a bad mutual fund, many people hold onto bad funds far longer than they should, enduring pathetic returns or awful treatment year after year. And since the fund world is not a meritocracy — where only funds that deserve to survive get to stick around — it's important that you not fall in love with a bad fund.
Read more on bad funds and the investors who love them.


Winning newsletter says don't take the week off

An advisor who dodged the Crash of 2008 warns: Don't take this week off!
Read more on winning newsletter says don't take the week off.


ECONOMY & POLITICS

The elections and your money: What's at stake?

What's at stake for your 401(k) or stocks? How about your home, your wallet or your job?
Listen to radio report on the election and your money: What's at stake? 

Final polls see big GOP gains on Tuesday

The Republican wave is turning into a tsunami. Voters frustrated with President Barack Obama and Democrats are poised to return Republicans to power in the House of Representatives and boost Republicans' ranks in the Senate when they go to the polls on Tuesday, final polls taken before the midterm elections show.
Read more on final polls see big GOP gains on Tuesday.


Women seen losing numbers in 2010 election

The midterm elections on Tuesday feature high-profile female candidates such as Christine O'Donnell in Delaware and Carly Fiorina in California, yet the election cycle is expected to result in the first decline in the number of women in Congress in 30 years, academics say.
Read more on women seen losing numbers in 2010 election.


U.S. savings rate falls sharply in September

The savings rate for U.S. households fell to its lowest level in 13 months in September as incomes showed an unexpected decline, the Commerce Department estimated Monday.
Read more on U.S. savings rate falls sharply in September.


Manufacturing is best thing about economy

The best thing about the American economy right now is American manufacturing.
Read more on manufacturing is best thing about economy.


U.S. government expects profit on AIG bailout

The U.S. government said Monday that it expects to make a profit on its massive bailout of American International Group Inc., assuming the insurer's restructuring plans are completed.
Read more on U.S. government expects profit on AIG bailout.

CNBC Evening Brief: SEC Probing Deal Between JPMorgan and Hedge Fund



LATEST STORIES


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


Decision 2010: Your Money, Your Vote
CNBC 360 Special Coverage Tomorrow Starting 7:00PM ET
This election night, when the economy is topic A, CNBC is the choice for the first word on the results that will shift the balance of power from coast to coast. Only CNBC has the expert analysis and perspective from corporate and political powerbrokers on the changes impacting your money and your bottom line.
»more info


LATEST VIDEO

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

F & F I N : Reuters- Daily Investor Update.








Wall St ends flat before elections, Fed
GM IPO to sell $10 billion of common stock: sources
Global manufacturing shows signs of strength
Ambac says may go bankrupt this year; shares sink
Factory growth quickens in October
AIG to get $22 billion in TARP funds for restructuring
Ottawa decision looms on BHP's bid for Potash
UBS falls behind after 82 percent drop in ECM revenues
Ad rebound plays well for media companies, for now
Oracle-SAP testimony nears, HP CEO might appear

F& F I N : The Australian Capital Cercle.- Odds are long on Cup day rate rise



Capital Circle Newsletter


Odds are long on Cup day rate rise
THE Reserve Bank will rule on whether to raise interest rates today.

A Bloomberg poll of economists has found that just 6 out of 23 economists are tipping rates will rise today, bucking the trend of recent years.

But as Peter Martin writes "THE Reserve Bank is gearing up to sell publicly a 0.25 percentage point interest rate rise, scheduling a major economic statement and an appearance before a parliamentary committee within weeks of today's Melbourne Cup day board meeting.''

Prime Minister Julia Gillard is still overseas. Now in Indonesia to meet with Indonesian President Susilo Bambang Yudhoyono today and the ongoing debate about asylum seekers and immigration are driving the day's news.

Michael Owen and Tony Barrass write that "ADOPTING tough measures on asylum-seekers does not deter refugees from illegally entering the country, Chris Bowen asserted yesterday. Immigration Minister gave his views as he toured new community detention centre sites near Adelaide and Perth.''

Paul Maley writes "THE brother of a man convicted of a major terrorist offence has been deported from Malaysia following a request by ASIO to cancel his passport on security grounds. The man, who for legal reasons cannot be named, was detained by Malaysian authorities in October last year.''

Matthew Franklin and Paul Maley write "MALAYSIA has withheld formal support for Julia Gillard's proposed regional refugee processing centre. The south-east Asian nation has questioned the cost and asking for more information about its implications.''

Tom Allard writes
Mr Yudhoyono, has warned Julia Gillard not to ''pressure'' hi
Read more...






Evening Market Wrap.- Socks Mixed Close AsTraders Brace For Elections.

Commentary

Nov 1, 2010 Stocks See Mixed Close As Traders Brace For Elections - U.S. Commentary Stocks saw a mixed close to open the week on Monday even as both U.S. and Chinese manufacturing activity unexpectedly picked up in October. The lack of direction came amid trader caution ahead of the upcoming elections, the Federal Reserve's anticipated quantitative easing measures and the forthcoming October jobs report, all scheduled to hit later this week. Full Article

Economic News

Nov 1, 2010 U.S. Personal Income Shows Unexpected Drop In September Personal income in the U.S. unexpectedly showed a modest decrease in the month of September, according to a report released by the Commerce Department on Monday, with the report also showing a smaller than expected increase in personal spending. The report showed that personal income edged down by 0.1 percent in September following a revised 0.4 percent increase in August. The drop came as a surprise to economists, who had expected income to rise by 0.2 percent. Full Article
Nov 1, 2010 U.S. Manufacturing Activity Unexpectedly Expands At Faster Pace With both new orders and production making significant gains, the Institute for Supply Management released a report on Monday showing that economic activity in the U.S. manufacturing sector unexpectedly expanded at an accelerated rate in the month of October. The ISM said its index of activity in the manufacturing sector rose to 56.9 in October from 54.4 in September, with a reading above 50 indicating growth in the sector. Full Article
Nov 1, 2010 U.S. Construction Spending Unexpectedly Rises By 0.5% While spending on private construction in the U.S. was nearly flat in September, the Commerce Department released a report on Monday showing that total construction spending for the month unexpectedly increased due to a notable increase in spending on public construction. Full Article

Earnings News

Nov 1, 2010 Simon Property Adj. Q3 Profit Rises, Quarterly Dividend Boosted 33% Simon Property Group, Inc. (SPG), the nation's largest mall operator, reported Monday that funds from operations for the third quarter declined 34% from last year, reflecting a significant loss on debt extinguishment. However, the company's adjusted results reflected revenue growth, higher occupancy and improved rents. Full Article
Nov 1, 2010 Humana Q3 Profit Tops Estimates; Lifts FY10 EPS View - Update Health insurer Humana Inc. (HUM) Monday reported an increase in third-quarter profit, helped mainly by higher average Medicare Advantage membership and a lower selling, general and administrative ratio. The company's quarterly earning year-over-year per share exceeded analysts' expectations and Humana also lifted its full year 2010 earnings outlook. Full Article

Political News

Nov 1, 2010 Poll Shows Toomey With Modest Lead In Pennsylvania Senate RaceA day before voters head to the polls, Quinnipiac University released the results of its latest poll on the Pennsylvania Senate race on Monday, showing Republican former Congressman Pat Toomey with a modest lead over Democratic Rep. Joe Sestak, D-Penn. The poll showed that 50 percent of likely Pennsylvania voters said they would vote for Toomey compared to 45 percent that said they would vote for Sestak. Another 5 percent are undecided. Full Article
Nov 1, 2010 Poll Shows GOP Remains On Track For Big Gains In The HouseRepublicans remain in good position to retake control of the House of Representatives, according to the final USA Today/Gallup measure of Americans' voting intentions, with the GOP potentially poised to make historic gains. The poll showed that 55 percent of likely voters support the Republican candidate on a generic ballot compared to 40 percent that support the Democratic candidate. Full Article
RTTNews : Evening Market Wrap

NYT: Afternoon Business News.-Impact of a Renewed Fed Purchase of Securities Is Uncertain.


BUSINESS:

 

Impact of a Renewed Fed Purchase of Securities Is Uncertain

By SEWELL CHAN
Some economists question whether the Federal Reserve's expected resumption of buying Treasuries will have a big effect on the economy.
News Analysis

Central Banker Takes a Chance by Speaking Out

By JACK EWING
Axel Weber's strident, public dissents may be dimming his chances of becoming Europe's top central banker.

U.S. Markets Lose Momentum as Close Nears

By CHRISTINE HAUSER
A crucial manufacturing index rose in October, but attention could be fleeting as traders turn to the midterm elections and the Fed meeting.
Itineraries

The New Spa Treatment: Short and Sweet

By ABBY ELLIN
Hotel spas have tried to adjust to a downturn in business by scaling back in size, offering shorter treatments and trying to lure local residents.

Nokia Taking a Rural Road to Growth

By KEVIN J. O'BRIEN
The cellphone maker will expand its agricultural data service to Nigeria as it continues its push into emerging markets.

F & F I N : U. S : Markets At Close Snapshot



 U. S. Markets At Close Snapshot

Major Stock Indexes
LastChange% Chg
DJIA*11124.62   6.13 0.06
Nasdaq*  2504.84  -2.57-0.10
S&P 500*  1184.38    1.12  0.09   







The Washington Post Afternoon Edition: Most Read Articles.

Washington Post

 

Most Viewed Articles on washingtonpost.com


 

1) Physicians face painful decision on Medicar

 While most people are focused on the midterm elections Tuesday, the American Medical Association is gearing up for the lame-duck congressional session scheduled to start Nov. 15. Unless Congress intervenes, payments to doctors for treating Medicare patients will be cut by 23 percent on Dec. 1 and...

2) Study: Alcohol more lethal than heroin, cocaine

LONDON -- Alcohol is more dangerous than illegal drugs like heroin and crack cocaine, according to a new study.

3) Donovan McNabb's benching reveals Mike Shanahan's lack of trust in his QB

DETROIT Here's the dirty little secret the Redskins have been concealing as well as they can, until the fed-up Shanahan clan just couldn't take it anymore Sunday afternoon: They don't yet trust Donovan McNabb to run this offense. In the aftermath of Washington's annual Motown meltdown, they may n...

4) Calif. rail project is high-speed pork

It's become fashionable to think that trains will help 'save the planet.'

5) U.S. official says 2 package bombs were intended to detonate 'in flight'

The two package bombs intercepted by authorities in Britain and Dubai last week appear to have been built to detonate "in flight" and to bring down the planes carrying them, President Obama's top counterterrorism adviser said.

6) Pelosi's national popularity plummets as elections loom

House Speaker Nancy Pelosi (D-Calif.) heads into the midterm elections less popular among U.S. voters than at any other time in her historic tenure, while the man who wants to take control of her gavel remains a blank slate to nearly half the nation.

7) What's at stake Tuesday

During the Tuesday evening deluge, pay particular attention to these stories:

8) Federal Reserve's, Bernanke's credibility on line with new move to boost economy

The Federal Reserve is preparing to put its credibility on the line as it rarely has before by taking dramatic new action this week to try jolting the economy out of its slumber.

9) Victories that are hardly mandates

Democrats who thought Obama would usher in his party's New Jerusalem were just plain wrong.

10) Are you part of the New Elite?

The tea party appears to be of one mind on at least one thing: America has been taken over by a New Elite.

Daily Stocks to Watch.-IPG Photonics' strong quarter, outlook .

Daily Stocks to Watch Mon Nov 1 09:07 2010

Stocks To Watch

Nov 1, 2010 IPG Photonics' strong quarter, outlook - Stocks To Watch IPG Photonics Corp. (IPGP) posted better-than-expected results for the third-quarter and guided fourth quarter numbers above estimates. Full Article
Nov 1, 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

Morning Market Briefing,-Stocks Poised For Modest Gains After Personal Income Data - U.S. Commentary

Morning Market Briefing Mon Nov 1 09:06 2010

Commentary

Nov 1, 2010 Stocks Poised For Modest Gains After Personal Income Data - U.S. Commentary Stock futures are pointing to modest gains Monday morning, as the markets are reacting to a mixed personal income and spending report in the U.S. and an unexpected jump in activity in China's manufacturing sector. The major index futures are all in positive territory, with the Dow futures up by 36 points. Full Article

Economic News

Nov 1, 2010 U.S. Personal Income Unexpectedly Slips 0.1% In September Personal income in the U.S. unexpectedly showed a modest decrease in the month of September, according to a report released by the Commerce Department on Monday, with the report also showing a smaller than expected increase in personal spending. Full Article
Nov 1, 2010 UK Manufacturing Growth Unexpectedly Gains Momentum UK manufacturing growth accelerated unexpectedly in October from a ten-month low, data from Markit Economics showed Monday. Full Article
Nov 1, 2010 Chinese Manufacturing PMI Hits Six-Month High China's manufacturing activity picked up to a six-month high in October, survey data showed on Monday. The rise was driven by robust domestic demand, with export orders rising only modestly. Full Article
Nov 1, 2010 UK House Prices Drop Again, Hometrack Says UK house prices decreased for the fourth straight month in October, due to a fall in demand coupled with an increase in property coming onto the market, data from property web site Hometrack showed Monday. Full Article
Nov 1, 2010 Soft Patch And QE ExpectationsMost economic data released last week suggested a modicum of strength, although no clear direction has emerged for the recovery's progress. Full Article
Nov 1, 2010 Soft Patch And QE ExpectationsMost economic data released last week suggested a modicum of strength, although no clear direction has emerged for the recovery's progress. Full Article

Earnings News

Nov 1, 2010 Fluor cuts FY10 earnings view on chargesFriday, Fluor Corp. (FLR) once again trimmed its earnings outlook for fiscal 2010, citing charges related to a California-road project ruling. The company, which said it would take the charge in the third quarter, expects earnings for the full year to come in below the Street view. Full Article
Nov 1, 2010 NSTAR Q3 profit down 14%, yet beats Street; backs FY10 EPS viewFriday, NSTAR (NST) reported a 13.8% decline in profit for the third quarter, despite a 6.9% growth in revenue, hurt by charges related to income tax settlement. Adjusted earnings climbed year-over-year and came in above the Street view. Looking ahead, the firm backed its fiscal 2010 earnings view, which is in line with the current estimate of analysts. Full Article
Nov 1, 2010 Cognizant Technology Solutions Q3 profit rises; raises FY10 EPS viewMonday,Cognizant Technology Solutions Corp. (CTSH) an increase in third-quarter profit, reflecting a 43% growth in revenue. Looking ahead, the company provided earnings and revenue guidance for both the fourth quarter and lifted its outlook for the full year. Full Article
Nov 1, 2010 Baker Hughes Q3 profit rises sharplyMonday, Baker Hughes Inc. (BHI) reported a sharp rise in its third-quarter profit, reflecting a strong performance in North America. Revenues for the quarter jumped 83% from the previous year and came in above the Street view. Full Article
Nov 1, 2010 Humana Q3 profit up 30%, beats estimate; lifts FY10 EPS outlookMonday, Humana Inc. (HUM) reported a 30.4% rise in its third-quarter profit, helped chiefly by higher average Medicare Advantage membership and a decline in selling, general and administrative ratio. Earnings per share came in above the Street view. The firm also raised its earnings guidance for fiscal year 2010. Full Article
Nov 1, 2010 Loews Q3 profit plummetsMonday, Loews Corp. (L) reported a steep fall in its third-quarter profit, hurt mainly by a hefty charge related to the Loss Portfolio Transfer agreement. Adjusted earnings per share declined 22.2% year-over-year. Full Article
Nov 1, 2010 Corning Q3 profit up 22% on better sales, margins; yet misses StreetMonday, Corning Inc. (GLW) reported a 22% rise in profit for the third quarter, as sales grew 8% from last year. However, both non-GAAP EPS and revenue narrowly missed the Street view. The firm noted that gross margin expanded 400 basis points to 45% from last year. Full Article
Nov 1, 2010 Simon Property Q3 FFO falls on chargesMonday, Simon Property Group Inc. (SPG) reported a 33% drop in Funds From Operations for the third quarter. Excluding debt extinguishment charges, FFO increased 6.4%. Total revenue grew 5.8% and surpassed the Street view. Looking ahead, the company revised its guidance for the full year. Simon Property also raised its dividend by 33%. Full Article
Nov 1, 2010 Simon Property Adj. Q3 Profit Rises, Quarterly Dividend Boosted 33% Simon Property Group, Inc. (SPG), the nation's largest mall operator, reported Monday that funds from operations for the third quarter declined 34% from last year, reflecting a significant loss on debt extinguishment. However, the company's adjusted results reflected revenue growth, higher occupancy and improved rents. Full Article

Corporate News

Nov 1, 2010 Forest wins FDA approval for pneumonia drugFriday, Forest Laboratories Inc. (FRX) announced that the U.S Food and Drug Administration approved its bacterial-pneumonia drug Teflaro. The drug, which also won approval for skin related infections, was voted unanimously by FDA's Anti-Infective Drugs Advisory Committee for use against drug-resistant infections. Full Article
Nov 1, 2010 Fox Networks, Cablevision end stalemate, agree on new distribution pactSaturday, News Corp. (NWS) said its unit Fox Networks has settled its dispute with Cablevision Systems Corp. (CVC) through a distribution agreement that would render several channels available once again to three million households. Cablevision agreed to reimburse a higher fees to telecast Fox Networks' programs. Full Article

Broker Ratings Changes

Nov 1, 2010 FBR Capital Markets Lifts Capstead Mortgage Corp. (CMO) To Outperform From Market Perform With $12.50 Up From $12.00 Price Target

Todays WS Events

Nov 1, 2010 Baker Hughes Q3 10 Earnings Conference Call At 8:30 AM ET Baker Hughes Incorporated (BHI) will host a conference call at 8:30 AM ET, to discuss Q3 10 earnings results, on November 1, 2010. To access the live webcast, log on at http://investor.shareholder.com/bhi/events.cfm To hear the live call, dial 800-374-2469, or 706-634-7270. A replay of the call can be heard by dialing 800-642-1687 (US) or 706-645-9291 (International) with access code 14716071.
Nov 1, 2010 Humana Q3 10 Earnings Conference Call At 9:00 AM ET Humana Inc. (HUM) will host a conference call at 9:00 AM ET, to discuss Q3 10 earnings results, on November 1, 2010. To access the live webcast, log on at www.humana.com To hear the live call, dial 800-642-1687. A replay of the call can be heard by dialing 800-642-1687 with conference ID #49460860.
Nov 1, 2010 Allergan Q3 10 Earnings Conference Call At 11:00 AM ET Allergan Inc. (AGN) will host a conference call at 11:00 AM ET, November 1, 2010, to discuss its Q3 10 earnings results. To access the live webcast, log on at www.allergan.com A replay of the call can be heard by dialing 1-800-282-5731 (US) or 1-402-220-9726 (International).
Nov 1, 2010 Simon Property Group Q3 10 Earnings Conference Call At 11:00 AM ET Simon Property Group, Inc. (SPG) will host a conference call at 11:00 AM ET, November 1, 2010, to discuss its Q3 10 earnings results. To access the live webcast, log on at www.simon.com A replay of the call can be heard by dialing 1-888-286-8010 with passcode 86347843.
Nov 1, 2010 M&T Bank Investor Conference Call At 10:00 AM ET M&T Bank Corp. (MTB) & Wilmington Trust Corporation (WL) will hold a joint conference call at 10:00 AM ET November 1, 2010 to discuss the merger agreement. To access the live webcast, log on at http://ir.mandtbank.com/events.cfm The call can also be accessed by dialing 877-407-8031 (US) or 201-689-8031 (International).
Nov 1, 2010 Cognizant Q3 10 Earnings Conference Call At 8:00 AM ET Cognizant Technology Solutions Corp. (CTSH) will host a conference call at 8:00 AM ET November 1, 2010, to discuss its Q3 10 earnings performance. To participate in the webcast, log on to www.cognizant.com To listen to the call, dial (800) 374-0467 (US) or (706) 679-3288 (International) with ID 17711736. The replay can be heard by dialing (800) 642-1687 (US) or (706) 645-9291 (International) with passcode 17711736.

F & F I N: Economic Indicators: Personal Income Declines 0.1 perce



Economics and Statistics Administration Logo
Personal income in September 2010 declined 0.1 percent from August.  Real personal consumption expenditures (PCE) rose 0.1 percent and nominal PCE increased 0.2 percent.  Real disposable personal income (DPI) fell 0.3 percent and nominal DPI declined 0.2 percent.  The personal saving rate as a percentage of DPI was 5.3 percent in September.

F & F I N : Reuters - Before the Bell



  FROM : REUTERS - BEFORE THE BELL

Stock futures up on China data
China and India lead the way in Asia and UK perks up
China manufacturing growth leaps past forecasts
Japan watchdog checking brokers on compliance: source
Google gaining on booming smartphone market
ICBC buys small U.S. brokerage firm: report
China says no significant cut for rare earth quotas
Special Report: For GM IPO, the government is back-seat driver
BHP in no rush to raise Potash bid ahead of ruling
Potential damages in EMI case reduced


OPINIONS:

E.J. Dionne Jr.Victories that are hardly mandatesDemocrats who thought Obama would usher in his party's New Jerusalem were just plain wrong.
 
Robert J. SamuelsonCalif. rail project is high-speed porkIt's become fashionable to think that trains will help 'save the planet.'
 
ArticleContestAmerica's Next Great PunditRead columns from the final three contestants and vote for the winner.
 
Post Opinions on Election 2010 Your guide to the editorial board's position on the most competitive races in D.C., Md. and Va.
 
Tom TOLES

Click on the image for the full-size cartoon.
ComPost
Dana Milbank and Alexandra Petri put the 'pun' in punditry
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India News - India real Time Report.- W.S.J

Go to Page  India Real Time
Chidambaram: Headley Issue Overblown
Home Minister P. Chidambaram sought to play down the controversy surrounding David Coleman Headley at a meeting with reporters Monday.

E-Payments Could Save India $23 Billion a Year
According to a report released Monday by McKinsey & Co all India needs to do to save one trillion rupees, or about $23 billion, per year is stop paying people with cash and checks and start paying them electronically.

Singh Singing to Obama’s Song Sheet
India and the U.S. appear to be "on message" when it comes to the upcoming visit of U.S. President Barack Obama to Mumbai and Delhi starting Saturday.

TVS Stock Zooms on Record Sales, But Not Maruti’s
Another month, another set of records broken. In what is becoming an all too familiar script, Indian auto companies are setting a relentless pace when it comes to monthly sales numbers.

U.S., India Eye Afghan Collaboration
When President Barack Obama visits India later this week, one elephant in the room will be Afghanistan and growing concern in New Delhi that the U.S. will not look out for India's interests as it seeks a way out.