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Nov 4, 2010

MarketWatch: Personal Finance Daily

MarketWatch
Personal Finance Daily
NOVEMBER 04, 2010

Thursday's Personal Finance stories

By MarketWatch



Don't miss these top stories:
The allure of annuities is that they promise future income (and the tax deferral may be appealing, too). The problem is: Is an annuity the best product for you to reach your goals? It may be, but there are annuities salesmen who will convince you that an annuity is right for you — and they'll say that even if they know nothing about you or your current financial situation.

So, before you buy, ask some questions. Read Robert Powell's column today to find out which questions, specifically. Also, don't miss Kristen Gerencher's Vital Signs column on how, despite a lot of noise in Congress now about repealing health-care reform, most employers say they're not seeking repeal but perhaps a few tweaks.

Advisers often say most people don't buy an annuity — they're sold an annuity. Don't be one of those people. And don't write off annuities entirely, because they really may be the best way for you to ensure a slice of guaranteed income.

Andrea Coombes , Personal Finance editor

RETIREMENT

What to ask before buying an annuity

Somewhere in the blogosphere, a salesman is at this very moment posting an outrageous claim about an annuity that "has some AWESOME benefits for YOU!"
Read more: What to ask before buying an annuity.


HEALTH CARE

Large firms seek to change, not repeal, health law

Republican lawmakers emboldened by victories in the midterm elections are angling to repeal or defund the health-care overhaul that President Obama signed into law earlier this year. But many large employers are pushing for changes and not full repeal.
Read more: Large firms seek to change, not repeal, health law.


INVESTING

Investors face murky outlook

The midterm elections have passed, but investors still face plenty of uncertainty, especially on taxes. One expert says rebalancing is difficult, and investors should consider the Fed's plan to buy bonds a signal to do the opposite.
 Watch video: Investors face murky outlook.


Emerging-markets consumers fill their carts

For most of the past 30 years, investing in emerging markets meant supporting arsenic-fouled strip mines, roads hacked through rain forests, underpaid factory workers, corruption, inequality, meanness and squalor.
Read more: Emerging-markets consumers fill their carts.


THE JOB MARKET

Job growth seen for first time in fourth months

The government's report on nonfarm payrolls in October is expected to show job growth for the first time in four months that nonetheless won't be enough to make a dent in the high unemployment rate.
Read more: Job growth seen for first time in fourth months.


Third-quarter productivity increases 1.9%

U.S. productivity rose 1.9% in the third quarter as labor costs fell, marking the sixth increase in the last seven quarters, government data showed Thursday.
Read more: Third-quarter productivity increases 1.9%.


Weekly jobless claims jump 20,000 to 457,000

Some 457,000 workers filed new applications for unemployment benefits last week, an increase of 20,000, indicating that employers are still reluctant to hire.
Read more: Weekly jobless claims jump 20,000 to 457,000.


CONSUMERS

Some people aren't afraid to spend

Let's be clear. The economy is far from strong. Jobs are scarce. Home values are shaky, at best.
Read more: Some people aren't afraid to spend.


October's sales offer hope for the holidays

Despite concerns about unseasonably warm weather and economic pressures, many retailers' October sales beat analysts' lowered expectations, offering hope that consumer spending may remain resilient heading into the key holiday selling period.
Read more: October's sales offer hope for the holidays.


ECONOMY & POLITICS

Bernanke defends bond-buy plan

Federal Reserve chief Ben Bernanke defended the central bank's decision to start a new bond buying program in an unusual op-ed in the Washington Post on Thursday, arguing that the benefits from the plan are already being felt in the economy and concerns that it will foster inflation are overstated.
Read more: Bernanke defends bond-buy plan.


GOP calls for shift as White House drops tax hint

President Barack Obama's administration will have to shift to the right if it wants compromise with congressional Republicans, the GOP leader in the Senate said Thursday, as the president's spokesman hinted that a deal on taxes may be possible.
Read more: GOP calls for shift as White House drops tax hint.


State AGs get career boost from Dodd-Frank

With all the excitement of the House and Senate races, the state attorneys general campaigns were pretty much ignored. Too bad. AGs are the first-round draft picks of the political world.
Read more: State AGs get career boost from Dodd-Frank.

CNBC Evening Brief: Tax-Cut Talks Would Include Dividends and Capital Gains.







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LATEST VIDEO

FINANCIAL AND FOREX INFO NEWS (F & F I N ).- The Australian Circle.Tax revenues take a hit as dollar continues to boom .




Capital Circle Newsletter


Tax revenues take a hit as dollar continues to boom
A surging dollar is hitting tax revenues and could endanger the hoped-for 2013 surplus.

QANTAS' decision to ground its six A380s after an engine explosion on flight QF32 out of Singapore yesterday is dominating front pages across the country.
As Steve Creedy and Peter Alford write, the incident could have implications for the worldwide fleet of super-jumbos. In the short term, thousands of passengers have been thrown into chaos because of the grounding.
Wayne Swan's woes centre on how the high dollar will hit tax revenues, including the expected $10.5 billion haul from the mining tax, putting at risk the federal budget's return to surplus by 2013. Michael Sainsbury and Siobhain Ryan say the full extent of the damage will be revealed in the forthcoming mid-term budget update, which is in the process of being finalised, but billions of dollars could be wiped off budget revenue forecasts.
John Garnaut and Peter Martin report that Mr Swan told reporters in Beijing that the dollar has soared from 85 US cents at the time of the July budget update to more than $US1 yesterday, the first time it has stayed above $US1 for an entire trading day.
In trading overnight, the Australian dollar reached more than $US1.01 in overseas trade as investors absorbed the implications of a massive asset buy-up by the US central bank.
Opposition leader Tony Abbott has written a scathing piece about Prime Minister Julia Gillard today.
"Julia Gillard's problem is not that she was a worse candidate for re-election than her predecessor; it's that she's turning out to be an
Read more...

Wall St. rallies on asset-friendly Fed.- F & F I N : The Australian Business Briefing





The Australian Business Briefing
 

Wall St rallies on asset-friendly Fed
Wall Street UPDATE: Steven Russolillo US stocks rallied today to their highest level since September 2008, rising to a mark just before the collapse of Lehman Brothers.
Gold strikes record on inflation fears
Aus Bus Pix Gold Indian jeweller Tatyana Shumsky GOLD prices set a new record today as investors flocked to the safety of the yellow metal amid escalating inflation and currency worries.
Canada's PM stands firm against BHP
2010 Vancouver Winter Olympics Nirmala Menon CANADIAN Prime Minister Stephen Harper said today rejecting BHP's bid for Potash Corp was "clearly in the best interest" of the economy.
BHP reeling after Potash bid failure
Potash Corp Matt Chambers BHP Billiton is reeling after the Canadian government effectively quashed its $US40 billion ($39.8bn) bid for the fertiliser giant.
Takeover move sparks Centro asset sale
takeover approach Turi Condon and Bridget Carter A TAKEOVER approach for the Centro business is understood to have prompted yesterday's move to put the shopping centre group on the block.
No cash incentive for new Leighton boss
Leighton Holdings Tracy Lee LEIGHTON Holdings will ensure incoming chief executive David Stewart will take his long-term incentive payments in shares rather than cash.
Blackley may get Ten board spot
Nick Falloon Damon Kitney, James Chessell, Media THE chief executive of Ten Network Holdings' television business, Grant Blackley, could be elevated to the board.
British review delays News bid to take over BSkyB
Rupert Murdoch James Chessell and Peter Wilson RUPERT Murdoch's News Corporation has ran into a regulatory hurdle that could slow or even threaten its proposed buyout of Britain's biggest pay TV operator, BSkyB.
Financial Markets
Wall St rallies on asset-friendly Fed
Wall Street UPDATE: Steven Russolillo US stocks rallied today to their highest level since September 2008, rising to a mark just before the collapse of Lehman Brothers.
Gold strikes record on inflation fears
BHP reeling after Potash bid failure
Financial Markets Coverage
Mining & Energy
Gold strikes record on inflation fears
Aus Bus Pix Gold Indian jeweller Tatyana Shumsky GOLD prices set a new record today as investors flocked to the safety of the yellow metal amid escalating inflation and currency worries.
Canada's PM stands firm against BHP
BHP reeling after Potash bid failure
More Mining & Energy Coverage

Stocks Vault To Best Levels Since 2008 - U.S. Commentary :Evening Market Wrap : RTTNews

Evening Market Wrap Thu Nov 4 17:01 2010

Commentary

Nov 4, 2010 Stocks Vault To Best Levels Since 2008 - U.S. Commentary Stocks surged to their best levels since 2008 on Thursday, with the buying interest coming in reaction to the Federal Reserve's larger than expected $600 billion quantitative easing program announced Wednesday. The news helped to eclipse the day's disappointing report on jobless claims, which showed the weekly claims figure moving back above the 450,000 mark. Full Article

Economic News

Nov 4, 2010 U.S. Weekly Jobless Claims Rebound From Three-Month Low After reporting a three-month low for first-time claims for unemployment benefits in the U.S. in the previous week, the Labor Department released a report on Thursday showing that jobless claims rebounded modestly in the week ended October 30th. The Labor Department said initial jobless claims rose to 457,000 from the previous week's revised figure of 437,000. Economists had expected jobless claims to edge up to 445,000 from the 434,000 originally reported for the previous week. Full Article
Nov 4, 2010 U.S. Productivity Rebounds By More Than Expected In Q3 Labor productivity in the U.S. increased by much more than expected in the third quarter, according to a report released by the Labor Department on Thursday, with the report also showing an unexpected drop in unit labor costs for the quarter. The report showed that productivity increased by 1.9 percent in the third quarter after falling by an unrevised 1.8 percent in the second quarter. The productivity growth for the quarter far exceeded economist estimates for a 0.9 percent increase. Full Article

Corporate News

Nov 4, 2010 October Comps Mixed For Specialty Apparel RetailersSpecialty apparel retailers Abercrombie & Fitch Co. (ANF), American Eagle Outfitters, Inc. (AEO), Aeropostale, Inc. (ARO) and Destination Maternity Corp. (DEST) Thursday announced their comparable store sales results for the month of October. Abercrombie & Fitch and Destination Maternity could post higher comparable store sales for the month, but the other two witnessed a decline. Full Article
Nov 4, 2010 Cablevision Systems Profit Rises, But Misses EstimatesCablevision Systems Corp. (CVC) reported Thursday a higher profit in its third quarter, mainly reflecting strong revenue growth in Telecommunications Services and Rainbow segments. The telecommunications, media and entertainment company's quarterly earnings per share missed market projections. Third-quarter net income attributable to shareholders rose to $112.06 million or $0.37 per share, from $98.94 million or $0.33 per share in the same quarter last year. Full Article
Nov 4, 2010 DIRECTV Q3 Profit RisesDIRECTV (DTV), a provider of digital television entertainment, Thursday posted higher profit for the third quarter, driven by subscriber additions in both its U.S. and Latin American businesses and a resulting 10% revenue growth. On a per share basis, earnings came in line with Wall Street analysts' estimates. Full Article
Nov 4, 2010 Time Warner Cable Profit Rises; Announces $4 Bln Share BuybackTime Warner Cable Inc. (TWC) Thursday reported profit growth for the third quarter and it topped Wall Street analysts forecast, driven by strong subscription and advertising revenues. The company also announced a share repurchase program of $4 billion. Time Warner Cable is one of the largest cable operators in the U.S. with 31 operating divisions and operations in 27 states. The company was a former subsidiary of media and entertainment major Time Warner Inc. (TWX) and spun-off from the parent in March 2009. Full Article
Nov 4, 2010 Canada Blocks BHP Billiton's $40 Bln Bid For PotashCorpCanada on Wednesday blocked mining giant BHP Billiton Ltd.'s (BLT.L, BHP.AX, BBL, BHPBF.PK) US$40 billion takeover bid for fertilizer maker Potash Corp. of Saskatchewan Inc. (POT, POT.TO), saying that the proposed transaction is not likely to provide a "net benefit" to the country. However, the Canadian government has given BHP Billiton 30 days to make any further representations and undertakings so as to convince that its bid will be of net benefit to Canada and a final decision can be made. Full Article

Currency Alerts

Nov 4, 2010 Dollar Tumbles On QE Fallout, Jobs Report Due FridayThe dollar extended its sharp recent losses on Thursday, as traders assessed the Federal Reserve's pledge to support the fragile economy with an additional $600 billion in asset purchases. The move effectively lowered interest rates, fueling demand for some of the dollar's chief counterparts. Full Article

Political News

Nov 4, 2010 Poll Shows Huckabee And Romney With Early Leads Over ObamaWhile votes are still being counted in some of the 2010 midterm races, many political observers are already looking ahead to the presidential election in 2012. A lot can change in two years, but the results of a CNN/Opinion Research Corp. survey released Thursday indicated that former Arkansas Gov. Mike Huckabee and former Massachusetts Gov. Mitt Romney are both currently in good position to unseat President Barack Obama. Full Article
Nov 4, 2010 McConnell: Obama Needs To Change Course To Get GOP CooperationWhile U.S. President Barack Obama and congressional Democrats have indicated an increased willingness to compromise following the substantial GOP gains in the midterm elections, Senate Republican Leader Mitch McConnell, R-Ken., struck a more defiant tone in remarks on Thursday. McConnell stood by his recent comments indicating that Republicans' top priority should be limiting Obama to one term, noting that the president has the power to veto any legislation. Full Article
Nov 4, 2010 Obama Calls For Economic Focus Moving ForwardPresident Barack Obama Thursday pledged to meet with Congressional leaders early in the "lame duck" session of Congress to carve out an agenda for moving the country forward. Obama, speaking after a Cabinet meeting in which he and his agency heads reviewed the results of the midterm elections, said he thought it was clear that the American people had sent a message that Washington should be focused on job creation. Full Article

NYT: Afternoon Businews News.- Needs of Czech Uranium Mining Town Mitigate Its Worries.




BUSINESS:

Needs of Czech Uranium Mining Town Mitigate Its Worries

By JAMES KANTER
While there are acknowledged dangers from pollution and waste in Straz Pod Ralskem in the Czech Republic, some people there say there are benefits to reopening the uranium mine and it is inevitable.
DealBook

Citigroup Prevails in Lawsuit Over EMI Deal

By PETER LATTMAN
In a stinging blow to the British financier Guy Hands, a jury has cleared Citigroup of any wrongdoing over its role in the sale of EMI Group, the ailing music company.

Obama to Visit India, and Both Sides Hope to Expand Business Ties

By VIKAS BAJAJ and HEATHER TIMMONS
More than 200 company executives will accompany the president and try to strengthen the countries' common economic ties.

6 Companies to Pay $236 Million to Settle Bribery Inquiry

By REUTERS
The companies were accused of paying at least $27 million in bribes to officials in at least seven countries from 2002 to 2007.

E.U. to Overhaul Web Privacy Rules

By ERIC PFANNER
An E.U. commissioner said that breaches involving Facebook and Google illustrated the need for new regulations.

S&P, Dow end at two-year high on Fed, retail sales : FINANCIAL & FOREX INFO NEWS (F & F I N ): Reuters - Daily - Investor Update




FROM: REUTERS - DAILY INVESTOR UPDATE

S&P, Dow end at two-year high on Fed, retail sales
Obama open to discussing broad tax cut extension
Starbucks profit up, raises full-year view
Banks face $31 billion loss on mortgage buybacks: report
Jobless claims up, productivity caps inflation
Kraft beats on profit, keeps outlook, shares fall
Canada blocks BHP's Potash bid, stuns investors
Panalpina, others settle to end U.S. bribery probes
Treasury pushed for higher GM IPO price: report
Transocean sees $200 million Q4 hit from drilling halt

U.S. Markets At Close Snapshot : FINANCIAL & FOREX INFO NEWS ( F & F I N )

 
U.S. Markets At Close Snapshot
 
Major Stock Indexes
 Last  Change  % Chg
DJIA11432.72  217.59  1.94
Nasdaq2575.14    37.07  1.46
S&P 5001220.46    23.10  1.93
 
 
 
 

The Washington Post Afternoon Edition: Most read Articles.

Washington Post

 

Most Viewed Articles on washingtonpost.com

1) Obama is sad but not sorry about the election results

Obama has many talents contrition, however, is not high among them.

2) What the Fed did and why: supporting the recovery and sustaining price stability

The thinking behind the Federal Reserve's decision this week to buy an additional $600 billion in securities.

3) A recoil against liberalism

Voters rejected the expansion of government's command and controls.

4) In Alaska's Senate race, Murkowski's write-in bid bears fruit

First, she was the shoo-in. Then she was the underdog. Now, in the closing moments of a quirky midterm election season, Sen. Lisa Murkowski (R-Alaska) appeared to be on the verge of making history as the first successful write-in candidate for Senate in more than 50 years.

5) Candidates await final tally in Conn. gov. race

HARTFORD, Conn. -- Connecticut's secretary of the state will release the final, official vote totals Thursday afternoon in the governor's race, in which both Democrat Dan Malloy and Republican Tom Foley have claimed victory.

6) Blindsided by their own blindness

You can't sell people what they don't want, no matter how mellifluous your pitch.

7) Pentagon awards jet fuel contract to secretive company

In a move that could anger a vital ally in the war in Afghanistan, the Pentagon on Wednesday awarded a major jet fuel contract to Mina Corp., a secretive company that has declined to reveal its ownership but has nonetheless become a trusted partner with the U.S. military.

8) In new memoir, Bush makes clear he approved use of waterboarding

Human rights experts have long pressed the administration of former president George W. Bush for details of who bore ultimate responsibility for approving the simulated drownings of CIA detainees, a practice that many international legal experts say was illicit torture.

9) Clara Barton's D.C. home and office may be converted into museum

Richard S. Lyons was a carpenter checking on the decrepit building that had fallen into the hands of the government. He was alone, and it was raining. He had gone to the vacant third floor of the structure in downtown Washington, when he heard a noise.

10) For tea party, victories may trigger identity crisis

Rep. Michele Bachmann's announcement Wednesday that she will seek a House leadership post broadcast loud and clear that she hopes to secure a prominent place for the emboldened tea party movement in Congress.

Earnings Outlook: Cisco / Qualcomm Quaterly Gains.- MarketWatch, Special Financial Services

MarketWatch
SPECIAL FINANCIAL SERVICES
Earnings Outlook: Cisco expected to post sales gain  
By Benjamin Pimentel MarketWatch


Cisco reports results next week with analysts expecting higher sales. 


 
By Dan Gallagher MarketWatch


Shares jump on strong results and forecast. Some analysts believe the company’s chips will be included in more future iPhone designs.  

Morning Markets Briefing: RTTNerws : Stocks Poised To Open Higher Despite Uptick In Jobless Claims - U.S. Commentary


Morning Market Briefing Thu Nov 4 09:01 2010

Commentary

Nov 4, 2010 Stocks Poised To Open Higher Despite Uptick In Jobless Claims - U.S. Commentary Stock futures are pointing to notable gains Thursday morning, even as weekly jobless claims showed a bigger than expected increase. Yesterday's news of the Federal Reserve's larger than expected $600 billion quantitative easing program may push capital into riskier assets such as stocks. The major index futures are currently indicating a significantly higher open for the markets, with the Dow futures up by 84 points. Full Article

Economic News

Nov 4, 2010 BoE Retains GBP 200 Bln QE; Interest Rate At 0.5% The Bank of England on Thursday maintained the size of quantitative easing at the current GBP 200 billion level and left key rate unchanged at a record low. Full Article
Nov 4, 2010 Weekly Jobless Claims Show Modest Rebound After reporting a three-month low for first-time claims for unemployment benefits in the previous week, the Labor Department released a report on Thursday showing that jobless claims rebounded modestly in the week ended October 30th. Full Article
Nov 4, 2010 Australian Sep. Retail Sales Grow Less Than Expected Australian retail sales grew less than expected in September as higher interest rate weighed on consumer spending, official figures showed on Thursday. Full Article
Nov 4, 2010 BoJ Chief Says Forex Inflexibility Likely To Delay Adjustments The lack of flexibility in foreign exchange rate in emerging nations is likely to delay the necessary adjustments in global imbalances, Bank of Japan Governor Masaaki Shirakawa said in a speech on Thursday. Full Article
Nov 4, 2010 Indonesia's Central Bank Retains Key RateBank Indonesia on Thursday decided to keep its benchmark rate unchanged at a record-low of 6.5% for the fifteenth consecutive meeting, citing improved economic prospects and subdued inflationary pressures. Full Article
Nov 4, 2010 Eurozone Private Sector Growth At 8-Month Low The Eurozone private sector economy lost further ground at the start of the final quarter, data from Markit Economics showed Thursday. Full Article
Nov 4, 2010 U.S. Productivity Rises Much More Than Expected In Q3 Labor productivity in the U.S. increased by much more than expected in the third quarter, according to a report released by the Labor Department on Thursday, with the report also showing an unexpected drop in unit labor costs for the quarter. Full Article

Earnings News

Nov 4, 2010 Canadian Natural Resources Q3 profit slidesThursday, Canadian Natural Resources Ltd. (CNQ) reported a 11.8% decline in its third-quarter profit, hit by an increase in expenses. Looking ahead, the firm provided production guidance for the fourth quarter and fiscal year 2010. Revenue, net of royalties, grew around 17% from last year. Full Article
Nov 4, 2010 Time Warner Cable Q3 profit jumpsThursday, Time Warner Cable Inc. (TWC) reported a 34.3% jump in its third-quarter profit attributable to shareholders, helped by higher subscription and advertising revenues. Earnings came in above the Street view. Revenue, which grew 5.2% from last year also managed to scrape past the consensus estimate. Full Article
Nov 4, 2010 AES Corp. Q3 profit down 38%Thursday, AES Corp. (AES) reported a 38.4% drop in profit for the third quarter, despite a 13.6% growth in revenue, hurt by lower margins in North America and Chile, and higher impairments. Looking ahead, the firm reiterated its adjusted earnings outlook, but cut its GAAP per share earnings view for the full year. Full Article
Nov 4, 2010 Alcatel-Lucent turns to profit in Q3Thursday, Alcatel-Lucent (ALU) reported a profit for the third quarter, compared to loss last year, reflecting continuing strong performance in North America and better sales trend in Asia Pacific and Eastern Europe. Revenues for the quarter grew 10.5%. Looking ahead to the full year, the company reaffirmed its financial outlook. Full Article
Nov 4, 2010 DirecTV Q3 profit up 31%, meets StreetThursday, DIRECTV (DTV) reported a 31% rise in profit for the third quarter, as revenue grew 10% from last year. Earnings came in line with the Street view, while revenue surpassed estimates. The firm noted that it added 380 thousand net new subscribers or 28% more than a year ago. Full Article
Nov 4, 2010 Transocean Q3 profit slides 48%Wednesday, Transocean Ltd. (RIG) reported a 48% fall in profit for the third quarter, hurt by a temporary moratorium on deep-water drilling in the Gulf of Mexico as well as one-time costs. Revenue for the quarter shrank 18% and came in well below the Street view. Full Article
Nov 4, 2010 Becton Dickinson Q4 profit up 25%Wednesday, Becton, Dickinson and Co. (BDX) reported a 25% rise in its fourth-quarter profit, reflecting a 1% rise in revenue and a gain on sale of its Ophthalmic Systems unit. Looking ahead, the company guided its fiscal 2011 earnings above the Street view. Full Article
Nov 4, 2010 Chesapeake Q3 profit zooms, tops StreetWednesday, Chesapeake Energy Corp. (CHK) said its third-quarter profit almost trebled from last year, helped by a 23% jump in production volumes that was offset by lower price realizations for oil and gas. Both adjusted earnings and revenue, which grew 42.5% from last year, came in above the Street view. Full Article
Nov 4, 2010 Murphy Oil Q3 profit rises 7%Wednesday, Murphy Oil Corp. (MUR) reported a 7% climb in its third-quarter profit, reflecting better performance by its U.S retail marketing and ethanol production operations. Revenue for the quarter grew 17% from the past year. Full Article
Nov 4, 2010 Kinross Gold turns to profit in Q3Wednesday, Kinross Gold Corp. (KGC) said it returned to profit in the third quarter, helped by higher production levels and increase in gold prices. Adjusted earnings came a penny above the Street view. Revenue grew 26% to surpass the consensus estimate. Full Article
Nov 4, 2010 Qualcomm Q4 profit rises 10%, beats Street; guides Q1, FY11 EPSWednesday, Qualcomm Inc. (QCOM) reported a 10% rise in its fourth-quarter profit, as a strong demand for smart phones helped boost shipment of CDMA devices. Both adjusted earnings per share and revenue came in above the Street view. Looking ahead, the firm expects earnings to surpass the current consensus estimates for both the first quarter and fiscal year 2011. Full Article
Nov 4, 2010 News Corp. Q1 profit up 36%, beats estimateWednesday, News Corp. (NWS) reported a 36% rise in profit for the first quarter, aided by robust growth in the Cable Network Programming, Television as well as Publishing segments. Earnings per share easily surpassed the Street view, as did revenues, which grew 3% from last year. Full Article
Nov 4, 2010 Prudential Financial Q3 profit climbs 7%Wednesday, Prudential Financial, Inc. (PRU) reported a 7.1% rise in profit for the third quarter, reflecting stronger performance mainly in the U.S. Retirement Solutions and Investment Management, and International Insurance segments. Revenues for the quarter increased 15.8% to surpass the Street view, as premium rose 18.1% from last year. Full Article
Nov 4, 2010 Apache Corp Q3 profit up 74%, yet adj. EPS misses StreetThursday, Apache Corp. (APA) said its third-quarter profit surged 74%, as production grew 10% from last year. However, both adjusted earnings and revenue, which grew 29%, came in below the Street view. Full Article

Corporate News

Nov 4, 2010 SAP to pay $120 mln to Oracle in legal settlement: ReportsThursday, SAP AG (SAP) has reportedly agreed to defray $120 million to Oracle Corp. (ORCL) for not seeking punitive damages in the intellectual property lawsuit filed against it. Oracle has not been able to serve subpoena on SAP's former chief executive Leo Apotheker due to his unavailability, said media reports. In March 2007, Oracle had filed suit against SAP, which admitted that its unit TomorrowNow illegally used information from Oracle's servers. Full Article

Todays WS Events

Nov 4, 2010 Bank Of America To Present At BancAnalysts Association; Webcast At 10:40 AM ET Bank of America Corporation. (BAC) will present at the BancAnalysts Association of Boston Conference on November 4, 2010. The event is scheduled to begin at 10:40 AM ET. To access the live webcast, log on at http://investor.bankofamerica.com
Nov 4, 2010 Eaton To Present At Goldman Sachs Conference; Webcast At 11:00 AM ET Eaton Corp. (ETN) CFO, Richard H. Fearon, will present at Goldman Sachs Industrials Conference in New York. The event is scheduled to begin at 11:00 AM ET, November 4, 2010. To access the live audio webcast, log on to www.eaton.com
Nov 4, 2010 Prudential Financial Q3 10 Earnings Conference Call At 11:00 AM ET Prudential Financial, Inc. (PRU) will host a conference call at 11:00 AM ET, to discuss Q3 10 earnings results, on November 4, 2010. To access the live webcast, log on at www.investor.prudential.com To hear the live call, dial (877) 777-1971 (US) or (612) 332-0226 (International). A replay of the call can be heard by dialing (800) 475-6701 or (320) 365-3844 (International) with passcode 144585.
Nov 4, 2010 Starbucks Coffee Q4 10 Earnings Conference Call At 5:00 PM ET Starbucks Coffee Co. (SBUX) will host a conference call at 5:00 PM ET, November 4, 2010, to discuss its Q4 10 earnings results. To access the live webcast, log on at http://investor.starbucks.com
Nov 4, 2010 Wells Fargo To Present At BancAnalysts Association; Webcast At 8:55 AM ET Wells Fargo & Company (WFC) will present at the BancAnalysts Association of Boston, on November 4, 2010. The event is scheduled to begin at 8:55 AM ET. To access the live webcast, log on to www.wellsfargo.com/invest_relations/presents