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Nov 19, 2010

Chipmakers rally as markets end week flat:: F & F I N | REUTERS -DAILY - INVESTOR UPDATE





FROM: REUTERS - DAILY INVESTOR UPDATE


Chipmakers rally as markets end week flat
Bernanke hits back at Fed critics
Wells Fargo to pay Citi $100 million over Wachovia
Ireland nears aid deal as contagion fears persist
Oracle-SAP testimony wraps without HP CEO showing
China raises bank reserves as inflation fight intensifies
Special report: A far from random walk from Wall Street
Groupon considers sale to Google: reports
Regulators part curtain on swaps and hedge funds
Auto industry pulls back from pension brink

Stocks Eke Out Modest Gains Ahead Of Weekend - U.S. Commentary : RTTNews - Evening Market Wrap


Evening Market Wrap Fri Nov 19 17:01 2010

Commentary

Nov 19, 2010 Stocks Eke Out Modest Gains Ahead Of Weekend - U.S. Commentary Stocks were able to stave off early profit taking and crawled to modest gains on Friday, as traders remained optimistic about the likelihood of Ireland accepting bailout funds from the European Union and the International Monetary Fund. Optimism about a continuing U.S. consumer recovery heading into the holiday season also helped to overshadow new of China's latest move to curb runaway economic growth. Full Article

Economic News

Nov 19, 2010 Bernanke Talks Up Dollar As Ireland Waffles On AidThe dollar was steady on Friday, taking back a portion of its early-week gains as Ireland waffled on accepting an aid package from its European neighbors and the International Monetary Fund. Amid pressure from the European Union and the United Kingdom, Ireland has reportedly agreed in principle to a loan to backstop its government debt. Full Article

Corporate News

Nov 19, 2010 Ann Taylor Q3 Profit Soars; Boosts 2010 Sales OutlookWomen's specialty retailer Ann Taylor Stores Corp. (ANN) announced Friday better-than-expected results for the third quarter, reporting strong sales and stylish profit. Both adjusted earnings per share and quarterly revenues significantly topped analysts' expectations. The company also projected total net sales for the fourth quarter, slightly below Street views, and boosted its net sales forecast for the full-year 2010. Full Article
Nov 19, 2010 Wells Fargo To Pay $100 Mln To Resolve Wachovia Litigation With CitigroupFriday, Wells Fargo & Co. (WFC), said it has agreed to pay $100 million to resolve the litigation with Citigroup Inc. (C) relating to the acquisition of Wachovia Corp. in October 2008. In a joint statement, Wells Fargo and Citi said, "We are glad to put this matter behind us and we look forward to our two institutions working together constructively in the future." Full Article
Nov 19, 2010 Vedanta To Get $6 Bln Financing For Cairn India Deal - UpdateBritish metals and mining firm Vedanta Resources plc (VED.L) Friday said it has reached deals with a consortium of banks for a financing of $6 billion to fund the company's proposed acquisition of a stake in minerals and oils company Cairn India Ltd., a unit of Cairn Energy plc (CNE.L). Full Article
Nov 19, 2010 H.J. Heinz Q2 Profit Rises; Backs Full-year ViewSauces, ketchup and soup maker H.J. Heinz Co. (HNZ) Friday reported higher second-quarter profit, driven by strong organic sales growth in emerging markets and ketchup and margin improvement. Earnings from continuing operations rose year-over-year and topped analysts' forecast. The company also confirmed its outlook for fiscal 2011. Full Article

Political News

Nov 19, 2010 Stabenow To Chair Agricultural Committee, Conrad To Keep Budget Committee ChairSenator Debbie Stabenow, D-Mich., revealed Friday that she will serve as Chairwoman of the Senate Agriculture Committee in the next congress that convenes in January, as Sen. Kent Conrad, D-N.D., is set to retain his position as Chairman of the Senate Budget Committee. Stabenow will succeed Sen. Blanche Lincoln, D-Ark., who lost her re-election bid, and will take the lead in crafting the 2012 farm bill. Full Article
Nov 19, 2010 Poll Shows Less Than Half Of Americans Know GOP Won HouseWhile most of those surveyed in a Pew Research poll know that the Republicans are generally regarded as doing the best in this month's midterm elections, less than half know that the GOP will have a majority only in the House of Representatives when the new Congress convenes in January. The poll showed that 75 percent said that Republicans did the best in the midterms, but only 46 percent correctly said that Republicans have a majority only in the House. Full Article
Nov 19, 2010 Obama In Lisbon To Attend NATO Summit After an overnight flight from Washington, U.S. President Barack Obama arrived in Portuguese capital Lisbon for a two-day NATO Summit that begins on Friday. Obama held talks with his Portuguese counterpart Anibal Cavaco Silva before participating in the Summit's opening session. Full Article

Food Safety Battle Entangles a Small Cheesemaker: NYT : Afternoon Business News



Food Safety Battle Entangles a Small Cheesemaker

By WILLIAM NEUMAN
Estrella Family Creamery's battle against the F.D.A. over contaminated food is symbolic of a larger fight between small food producers and regulators.
Off the Charts

The Waiting Game on Inflation

By FLOYD NORRIS
The Federal Reserve's second round of monetary easing may not be enough to reverse the inflation rate's downward slide.
Wealth Matters

Buy American? Upscale Investors Increasingly Look Abroad

By PAUL SULLIVAN
The slow recovery from the financial crisis has prompted more rich Americans to diversify beyond their own borders, something well-off foreigners have long been doing.
DealBook

Wells Pays $100 Million to Citi Over Wachovia

By ERIC DASH
The settlement ends a dispute that started when Wells Fargo outfoxed Citigroup and acquired Wachovia in 2008.
Prescriptions Blog

Darvon Pulled From Market by F.D.A.

By DUFF WILSON
The pain killer and related drugs can cause fatal heart rhythms.

Treasury prices rose, with yields hitting the lows of the day. MarketWatch Special Financial Services

MarketWatch
 
SPECIAL FINANCIAL SERVICES)

Bond Report: Treasurys pare gains from Bernanke’s speech

By Deborah Levine MarketWatch


The action in Treasurys keys on top U.S. central banker Ben Bernanke’s remarks about the Fed’s controversial program to buy up to $600 billion in Treasury bonds and on his comments about China’s currency policy. 

Stocks May See Lower Open As China Moves To Cool Growth - U.S. Commentary ; RTTNews Morning Market Briefing

Morning Market Briefing Fri Nov 19 09:01 2010

Commentary

Nov 19, 2010 Stocks May See Lower Open As China Moves To Cool Growth - U.S. Commentary Stocks futures are pointing to moderate losses on Friday, as China's move to cool its robust growth has stymied some of the optimism following yesterday's rally. The major index futures are currently all in negative territory, with the Dow futures down by 37 points. Full Article

Economic News

Nov 19, 2010 Hong Kong Announces New Steps To Cool Property Market Hong Kong government unveiled on Friday more measures to bring stability in the property market. Full Article
Nov 19, 2010 China Hikes Reserve Requirement Second Time In November China's central bank on Friday raised commercial banks' reserve requirement ratio by 50 points for the second time this month. The fifth raise in the ratio this year will be effective from November 29. Full Article
Nov 19, 2010 Bernanke Defends Fed's Bond Buying Federal Reserve Chairman Ben Bernanke has launched a strong defense of the central bank's new asset purchase program amid a barrage of criticism at home and abroad. He argued more monetary easing was necessary to bring down high unemployment in U.S., even as he admitted there were limits to what can be achieved by the central bank alone. Full Article
Nov 19, 2010 Irish Republic Edges Closer To Bailout The Republic of Ireland is edging closer to accepting a multi-billion-euro cash injection into its lossmaking banking sector, after the nation's finance minister admitted that Dublin will have to accept external aid. Full Article

Earnings News

Nov 19, 2010 Intuit Q1 loss widens on higher costs; backs FY11 outlookThursday, Intuit Inc. (INTU) reported a wider first-quarter loss, hurt by an increase in service costs, and higher selling, research and general overheads. Also, the company issued its outlook for the second quarter and reaffirmed its guidance for fiscal 2011. Full Article
Nov 19, 2010 Autodesk Q3 Profit up; sees Q4, FY11 Earnings Below market viewThursday, Autodesk Inc. (ADSK) posted significantly higher profit for the third quarter, driven by strong revenue growth across all its segments. Looking ahead, the company forecast earnings for the fourth quarter and fiscal 2011, below current analysts' expectations. Full Article
Nov 19, 2010 Gap Q3 Profit slips; backs FY10 EPS viewThursday, Gap Inc. (GPS) reported a decrease in third-quarter profit, reflecting lower margins as well as higher income taxes. While quarterly sales topped the Street view, earnings came in line with analysts' forecast. For the full year, the company reiterated its earnings guidance. Full Article
Nov 19, 2010 Dell Q3 profit climbsThursday, Dell Inc. (DELL) said its third-quarter profit more than doubled from last year, helped by revenue growth and improved margins amidst strong corporate demand and solid supply-chain execution. Non-GAAP earnings per share beat analysts' forecast. Additionally, the company lifted its full-year non-GAAP operating income growth outlook. Full Article
Nov 19, 2010 Marvell Technology Profit upThursday, Marvell Technology Group Ltd. (MRVL) reported a rise in its third-quarter profit, thanks to the demand in its mobile and wireless end market. Also, quarterly revenue rose 20%. Non-GAAP earnings per share came in ahead of the analysts' expectations, as did revenues. In addition, the company issued its fourth-quarter guidance. Full Article
Nov 19, 2010 Salesforce.com Q3 Profit up, boosts FY11 ViewThursday, Salesforce.com (CRM) posted higher third-quarter profit, reflecting higher subscription and service revenues, as paying customers increased. The results came in ahead of the analysts' expectations. Looking ahead, the company raised its guidance for the full year 2011, with earnings and revenues expected to surpass Street view. Following the news, Salesforce shares gained over 8% in after-hours trade. Full Article
Nov 19, 2010 H.J. Heinz Q2 profit up; confirms FY11 forecast - Quick factsFriday, H.J. Heinz Co. (HNZ) said its second-quarter profit increased from the prior year, led by strong organic growth in Emerging Markets and global ketchup. However, reported sales for the quarter declined 1.2%, as a result of currency translation. Also, the company confirmed its financial outlook for fiscal 2011. Full Article
Nov 19, 2010 Ann Taylor Q3 profit jumps; to close about 43 stores in FY10Friday, AnnTaylor Stores Corp. (ANN) reported a surge in third-quarter profit, mainly due to significantly higher sales and improved gross margin rate. Total company comparable-sales for the quarter increased 11.7%. In addition, AnnTaylor Stores updated its fiscal 2010 revenue forecast. Further, the company anticipates positive comparable sales at both brands and currently expects to close about 43 stores in fiscal 2010, bringing the total closures associated with the three-year program to around 145. Full Article

Corporate News

Nov 19, 2010 GM's resurrectionShares of General Motors Co. (GM) opened at $35, 6% above the $33 issue price, but closed at $34.19. GM has reemerged from bankruptcy protection and recommenced its life on the big board. Full Article

Todays WS Events

Nov 19, 2010 Boston Investor Day Meeting At 8:00 AM ET Boston Scientific Corporation (BSX) will host a Investor Day Meeting. The event is scheduled to begin at 8:00 AM ET, November 19, 2010. To access the live webcast, log on to www.bostonscientific.com
Nov 19, 2010 Medco Health 2010 Analyst Day Conference At 8:00 AM ET Medco Health Solutions Inc. (MHS) will host its 2010 Analyst Day Conference to discuss its growth strategy, including near-term financial expectations and long-term financial goals. The event is scheduled to begin at 8:00 AM ET, November 19, 2010. To access the live webcast, log on at www.medco.com/investor
Nov 19, 2010 HJ Heinz Q2 11 Earnings Conference Call At 8:30 AM ET HJ Heinz Co. (HNZ) will host a conference call at 8:30 AM ET, November 19, 2010, to discuss its Q2 11 earnings results. To access the live webcast, log on at www.heinz.com To hear the live call, dial 1-866-318-8615 (US) or (617) 399-5134 (International). A replay of the call can be heard by dialing 1-888-286-8010 (US) or (617) 801-6888 (International) with Passcode 80121924.

Futures lower after China move on inflation: F & F I N | Reuters - Before The Bell




  FROM: REUTERS - BEFORE THE BELL

Futures lower after China move on inflation
Ireland aid plan next week as contagion fears persist
Dell's margins blow by Street and shares rise
China raises required reserves as inflation fight intensifies
GM shares lose momentum in post-IPO NYSE return
Qantas A380s may not fly for several weeks: source
Gap and American Eagle nets match Street
Bernanke hits back at Fed critics, points at China
Nestle changes sales reporting to align with IFRS
Lawmakers hit banks, regulators on foreclosures

Government Takes New Tack on 2G Scam: India News - India Real Time Report - WSJ

Go to Page  India Real Time
Government Takes New Tack on 2G Scam
How would the government respond to the opposition?s persistent calls for a Joint Parliamentary probe in the 2G scandal?

For Mrs. G, a Flurry of Tax-Funded Tributes
The man often described as India?s future prime minister, Rahul Gandhi, has said that he?s against the sometimes effusive flattery directed at the upper echelons of the Congress party, namely the Nehru-Gandhi dynasty.

Q&A: A Bear, Relatively, in the Bull Forest
Robert Prior-Wandesforde, Credit Suisse economist points to the prospect that wholesale price inflation, which has been slowing in recent months largely due to a high base effect kicking in, will bottom out in early 2011 and then go up again.

SKS Rebounds on Akula’s Confidence
SKS Microfinance staged a smart bounce back on the Bombay Stock Exchange Friday, aided by management comments that the company is confident of weathering the current storm that has hit India's burgeoning microfinance industry.

Review Round-up: Critics Grant ‘Guzaarish’ a Thumbs Up
Bollywood film "Guzaarish," (Request), released worldwide Friday. Directed by Sanjay Leela Bhansali and starring Hrithik Roshan and Aishwarya Rai Bachchan, the movie is about mercy killing.

China Lift Reserve Requirememnts 0.5% : MarketWatch Special Financial Services

MarketWatch
SPECIAL FINANCIAL SERVICES
 
China lifts banks’ reserve requirements 0.5%
 
By Chris Oliver MarketWatch


The People’s Bank of China lifts banks’ reserve requirements. 

Shanghai Ends Higher, China ups reserve ratio: MarketWatch Special Financial Services

MarketWatch
SPECIAL FINANCIAL SERVICES

Shanghai ends higher; China ups reserve ratio
 
By V. Phani Kumar MarketWatch


Chinese stocks close higher, before the People’s Bank of China announces it will lift the required reserve ratio for the nation’s banks. 

Dems have plan on Bush tax cuts; Bernanke backs stimulus; Lew confirmed. Ezra Klein's Wonkbook : The Washington Post


Reid and Pelosi have settled on a strategy for the Bush tax cuts: Split them up. The tax cuts for income under $250,000 will come up for a vote, the tax cuts for income over $250,000 won't -- or will possibly get their own vote. But this strategy isn't expected to work: Republicans in the Senate are expected to join with a few conservative Democrats to block any effort that allows the expiration of the tax cuts for the wealthy. And no one yet knows what Plan B is.
But there are some obvious options for Plan B -- or even Plan A. Unemployment insurance is expiring for two million Americans in the next couple of weeks. Congress needs to pass an extension, but as of yet, they've not been able to do so, and most observers expect benefits will lapse. The idea that Democrats would allow an extension of the Bush tax cuts for income over $250,000 without also demanding an extension of unemployment insurance for jobless workers boggles the mind.
Then there's the debt ceiling. Come February, Congress is going to have to raise it -- in part because of the Bush tax cuts. But Republicans aren't going to want to make that vote, as they ran against the debt. So they're already discussing the concessions they'll demand in return. Rep. Pete Sessions, for instance, is telling reporters that Boehner will present Obama with an "agreement that could include a debt limit hike packaged with a rollback of parts of Mr. Obama’s health plan." But that leverage only exists if the debt limit gets a vote on its own. If Democrats are going to agree to Republican demand to extend the tax cuts for the wealthy -- which means, of course, adding much more to the deficit -- then the debt limit should be raised at the same time.
Top Stories

Congress will only vote on extending middle-class tax cuts, report Lori Montgomery and Shailagh Murray: "House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry M. Reid (D-Nev.) both said they would put such a plan to a vote in their respective chambers immediately after the Thanksgiving break. But Democrats acknowledged that such a bill is unlikely to pass the Senate, where Republicans - and at least half a dozen Democrats - are arguing that it makes no sense to raise anyone's taxes when the economy is so weak...Unless Congress acts, virtually every taxpayer will be hit with higher taxes in January that could leave monthly paychecks hundreds of dollars lighter."
Fed chair Ben Bernanke will express support for additional fiscal stimulus in a speech today, reports Neil Irwin: "The United States needs to do more, he argues, calling for Congress and the Obama administration to take action to encourage growth. Bernanke has privately supported fiscal measures, such as temporary tax cuts or spending increases, and has acknowledged in congressional testimony that such policies could be helpful. But he has not previously endorsed these steps in a speech. Addressing critics, including leaders of major exporters such as Germany and China that have accused the Fed of trying to unfairly boost U.S. trade, Bernanke argues that his policies seek to create a global economy where there is better balance between what countries produce and consume."
Read the speech: http://bit.ly/aMuRpF
Jack Lew has been confirmed as OMB director, reports Mary Clare Jalonick: "Obama nominated Lew last July after Peter Orszag resigned. Sen. Mary Landrieu, D-La., had held up his confirmation to protest the six-month moratorium on deep-water oil and gas drilling in the Gulf. Even though the administration lifted the moratorium Oct. 12, Landrieu said she remained displeased with new rules for drilling operations. On Thursday, Landrieu cited 'notable progress' in her talks with the Interior Department and said that some shallow water permits had been issued in recent weeks. She said she had a commitment from Interior Secretary Ken Salazar to travel to Louisiana next week and provide some clarity to the rules."
Prince cover interlude: Robyn plays "When Doves Cry".
Got tips, additions, or comments? E-mail me.
Still to come: The House rejected a bill extending unemployment benefits; Olympia Snowe has joined a lawsuit targeting health care reform; Mitch McConnell will block a bill to keep the federal government funded through the fiscal year; China may adopt a cap and trade system; and Harry, Hermione, and Ron try to speak American.
Economy

The House failed to pass an unemployment benefit extension, report Janet Hook and Martin Vaughan: "Lawmakers in both parties expect a compromise eventually to be reached--but not until December, after the current program expires. Without an extension, 800,000 unemployed workers will lose their benefits by Nov. 30 and two million by the end of December. A similar lapse in benefits occurred last summer as Congress struggled to break another impasse...Members of both parties say they want to extend the benefits, and a majority backed the legislation in the 258-154 vote Thursday, which included 143 Republicans voting against it and 21 in favor. The bill failed after Democratic leaders had brought it to the floor under fast-track procedures that require a two-thirds majority for passage."
John Boehner will urge House Republicans to support raising the debt ceiling: http://on.wsj.com/bXiFbF
General Motors made a modest gain in its first stock offering, report Jia Lynn Yang and Brady Dennis: "After markets closed, Obama hailed the offering as vindication of his administration's rescue of GM. 'There were plenty of doubters and naysayers who said it couldn't be done,' he said, adding that the U.S. auto industry 'is once again on the rise.' Doubts remain about how much taxpayer money can be recovered. The Treasury nearly halved its 61 percent stake in GM on Wednesday, raising at least $11.8 billion. It now must wait six months before shedding any more stock. The government would have to sell the remainder of its stake for about $53 a share to break even."
Poverty is at its highest level in a half-century, reports Wil Haygood: "The Census Bureau recently reported that the poverty rate in the United States rose to 14.3 percent last year, the highest level in more than 50 years. Texas and Florida saw the most people fall below the line. In Florida alone, 323,000 people became newly poor last year, bringing the state's poverty total to 2.7 million. The numbers tell another tale as well: Nationwide, in black households such as Walker's, income plunged an average of 4.4 percent in 2009, almost three times the drop among whites. The number of blacks living below the official poverty line - $21,756 for a family of four - increased by 7 percent in just one year."
The fiscal commission again failed to agree on recommendations: http://on.wsj.com/cWyqhu
Foreign opponents of quantitative easing don't have a leg to stand on, writes Paul Krugman: "It’s no mystery why China and Germany are on the warpath against the Fed. Both nations are accustomed to running huge trade surpluses. But for some countries to run trade surpluses, others must run trade deficits -- and, for years, that has meant us. The Fed’s expansionary policies, however, have the side effect of somewhat weakening the dollar, making U.S. goods more competitive, and paving the way for a smaller U.S. deficit. And the Chinese and Germans don’t want to see that happen...But why are Republicans joining in this attack?"
Speaking American interlude: The cast of Harry Potter tries their hand at American accents.
Health Care

After voting for the Senate health care bill in committee, Olympia Snowe has joined a lawsuit designed to rule health care reform unconstitutional, reports Brian Beutler: "She and 30 other Republicans signed an amicus brief in the case...Snowe did in fact seek to weaken and eliminate the individual mandate during the health care reform fight. And during the floor debate on the Senate's legislation she voted for a Constitutional point of order challenging the constitutionality of that provision. So this isn't exactly a new position for her."
Many insurers are shuttering Medicare Advantage plans: http://on.wsj.com/a8JZkA
Wisconsin governor Scott Walker is working to limit health care reform's effect, reports Kevin Sacks: "Mr. Walker and the new legislative leadership clearly intend to apply the brakes to the state’s design of its health insurance exchange, a virtual marketplace that the law requires in each state by 2014. States can either establish and operate their own exchanges, or abdicate the responsibility to the federal government...He said that he hoped to put as few restrictions as possible on the ability of insurers to join the exchange, and that he opposed linking their participation to premium reviews. He said he might request a waiver from federal authorities to allow Wisconsin to opt out of certain requirements, although he did not specify which ones."
The Senate has passed a one-month "doc fix": http://politi.co/aBihmp
Two House Republicans will reject government health care, reports Chris Good: "'I've done a contract with my district.' Schilling said. 'I have term-limited myself. I am not taking the pension. I am not taking pay raises, and my family and I are bringing our own health care to Washington, D.C. And my dad taught me as a kid to lead by example -- Congress should not have anything better than the American people.'...KELLY: There is no reason for anybody to get anything different than anybody else. I personally have always paid for my own health care."
Congress should fix Medicare's waiting period for disabled people, writes Harold Pollack: http://bit.ly/br7fu4
Domestic Policy

Senate minority leader Mitch McConnell will not support a stop-gap spending bill covering the rest of the fiscal year, reports Corey Boles: "Congress will now have to craft a short-term spending measure to extend funding for the government until February or March, with roughly a $200 million price tag. At that stage, Republicans hope they can exert greater influence over spending. House Republicans have said they want to lower domestic discretionary spending back to fiscal-2008 levels, before President Barack Obama took power. That would cut roughly $100 billion in spending over a 10-year period. As recently as last week, Senate Republican leadership aides had indicated that the party could be open to passing a single large spending measure to clear the decks for fiscal 2011."
Tech industry priorities are likely to pass in the new Congress: http://politi.co/cNtjgv
Anti-spending Republicans will soon face major appropriations votes, report Darren Samuelsohn and Jason Voorhees: "The major infrastructure bills are all due for major updates in the 112th Congress, forcing difficult decisions on measures that lawmakers in the past found easy to trumpet back home but could be more difficult to sell given the deficit-busting rhetoric that Republicans just rode to victory. Combined, the last iterations of the three giant omnibus proposals cost more than a half-trillion dollars, which would generate painful headlines for fiscal conservatives. But the bills would pay for everything from replacing decaying bridges to keeping farms in business. They are also alluring to lawmakers because they have something for virtually every state and every district."
Democrats owe Latinos the DREAM Act, writes Edward Schumacher-Matos: http://wapo.st/cbeKO6
House Republicans have passed their own earmark ban, reports Jake Sherman: "'Earmarks have become a symbol of a Congress that has broken faith with the people,' speaker-designate John Boehner of Ohio said in an emailed statement. 'This earmark ban shows the American people we are listening and we are dead serious about ending business as usual in Washington.' Senate Republicans passed a similar ban, and Boehner and Majority-Leader in waiting Eric Cantor (R-Va.) called on President Barack Obama to veto bills with earmarks."
Adorable animal escape interlude: A puppy fights his way out of a giant pile of leaves -- twice.
Energy

China may implement a cap and trade system, report Wang Ying and John Duce: "The government may set emissions quotas for large enterprises and a certain portion of them may be traded, Zhang Junkuo, head of development strategy at the State Council’s development research center, told reporters in Beijing today. The world’s fastest-growing major economy has pledged to reduce its carbon-dioxide output per unit of gross domestic product by as much as 45 percent through 2020 compared with 2005 levels. The cap-and-trade study is still in the early stages and is being considered among other options including a carbon tax, Zhang said."
Britain's plan to double the use of biofuels could dramatically increase greenhouse emissions: http://ind.pn/aLnx4E
Republicans should accept climate science, writes former Rep. Sherwood Boehlert: "What is happening to the party of Ronald Reagan? He embraced scientific understanding of the environment and pollution and was proud of his role in helping to phase out ozone-depleting chemicals. That was smart policy and smart politics. Most important, unlike many who profess to be his followers, Reagan didn't deny the existence of global environmental problems but instead found ways to address them. The National Academy reports concluded that 'scientific evidence that the Earth is warming is now overwhelming.' Party affiliation does not change that fact."
Closing credits: Wonkbook is compiled and produced with help from Dylan Matthews, Mike Shepard, and Michelle Williams.

Ireland unclear on aid amount, markets eye rescue | F & F I N | Reuters - Morning Digest



 
 FROM : REUTERS - MORNING DIGEST
Ireland unclear on aid amount, markets eye rescue
Explosion at New Zealand coal mine
Wall St futures signal weaker start for equities
Chinese activist sentenced for Twitter post
Cosmic "cannibalism" brings new planet to Milky Way
Bears maul injury ravaged Dolphins
Chris Brown commended for progress on probation
California couple stand out as world's tallest

As aBuilding Burns, Beijing Bites Its Tongue: China News - China Real Time Report : WSJ

previousDalai Lama: ‘I Am a Son of India’

Rattner Seeks Damages From Quadrangle: NYT : Morning Business News



DealBook

Rattner Seeks Damages From Quadrangle

By PETER LATTMAN
The financier accuses his former firm of "unlawful conduct and contractual breaches" and taking advantage of his departure "to seize" money owed to him.

Fewer Fall Delinquent in Paying Mortgages

By DAVID STREITFELD
The Mortgage Bankers Association reported the lowest delinquency rate since the beginning of 2009, lowered by loan modifications to some and evictions of others.
DealBook

G.M. Shares End 1st Day With 3.6% Rise

By BILL VLASIC
General Motors returned to the stock market with a car show on Wall Street and a congratulatory message from President Obama, but the shares did not deliver a big surge above the price of the initial public offering.

The Washington Post : Today's Headlines & Columnists


TODAY'S HIGHLIGHTS
U.S. deploying heavily armored battle tanks for first time in Afghan war
The U.S. military is sending a contingent of heavily armored battle tanks to Afghanistan for the first time in the nine-year war, defense officials said, a shift that signals a further escalation in the aggressive tactics that have been employed by American forces this fall to attack the Taliban.
(By Rajiv Chandrasekaran, The Washington Post)

One family's plunge from the middle class into poverty
(By Wil Haygood, The Washington Post)

Charlie Rangel censure recommended by House ethics committee
(By Paul Kane, The Washington Post)

Foreign-policy setbacks deepen Obama's election wounds
(By Scott Wilson, The Washington Post)

Trying to save lives amid relentless drug violence, Mexican medical workers put their own on the line
(By Anne-Marie O'Connor and William Booth, The Washington Post)

More Today's Highlights


POLITICS
Charlie Rangel censure recommended by House ethics committee
Despite an impassioned, tearful apology and a plea for leniency, Rep. Charles B. Rangel on Thursday became the first House member in nearly three decades to be recommended for censure.
(By Paul Kane, The Washington Post)

Democrats confident in repeal of 'don't ask, don't tell'
(By Ed O'Keefe, The Washington Post)

Foreign-policy setbacks deepen Obama's election wounds
(By Scott Wilson, The Washington Post)

More Politics


NATION
One family's plunge from the middle class into poverty
FORT MYERS, FLA. -- Chrissanda Walker's bourbon-glazed chicken is just out of the oven. The bread pudding is finished. The collard greens worry her, though; she doesn't want to overcook them. Walker looks at the clock. It's 10 a.m. She's been on her feet since 6.
(By Wil Haygood, The Washington Post)

EG Solutions and MultimaxArray suspended in SBA contracts probe
(By Robert O'Harrow Jr., The Washington Post)

Charlie Rangel censure recommended by House ethics committee
(By Paul Kane, The Washington Post)

More Nation

WORLD
U.S. deploying heavily armored battle tanks for first time in Afghan war
The U.S. military is sending a contingent of heavily armored battle tanks to Afghanistan for the first time in the nine-year war, defense officials said, a shift that signals a further escalation in the aggressive tactics that have been employed by American forces this fall to attack the Taliban.
(By Rajiv Chandrasekaran, The Washington Post)

Trying to save lives amid relentless drug violence, Mexican medical workers put their own on the line
(By Anne-Marie O'Connor and William Booth, The Washington Post)

Foreign-policy setbacks deepen Obama's election wounds
(By Scott Wilson, The Washington Post)

More World

METRO
Man is charged after being spotted with knife near U-Md.
A 24-year-old Greenbelt man was charged with assault and weapons violations Thursday after he was seen walking near the University of Maryland carrying a knife. The man later allegedly told campus police that he sought to kill an officer who had arrested him in October.
(By Clarence Williams, The Washington Post)

Former boxer Keely Thompson charged with fraudulently spending $500,000 in D.C. anti-gang funds
(By Spencer S. Hsu, The Washington Post)

Long lines from tightened security delay justice at D.C. Superior Court
(By Keith L. Alexander, The Washington Post)

More drivers texting on Beltway, study finds
(By Ashley Halsey III, The Washington Post)

More Metro

BUSINESS
One family's plunge from the middle class into poverty
FORT MYERS, FLA. -- Chrissanda Walker's bourbon-glazed chicken is just out of the oven. The bread pudding is finished. The collard greens worry her, though; she doesn't want to overcook them. Walker looks at the clock. It's 10 a.m. She's been on her feet since 6.
(By Wil Haygood, The Washington Post)

GM makes return to stock market
(By Jia Lynn Yang and Brady Dennis, The Washington Post)

Lew confirmed as OMB director
(Associated Press, The Washington Post)

Unemployment data offer encouraging signs
(The Washington Post)

Fed's actions were needed to boost global economy, Bernanke tells detractors
(By Neil Irwin, The Washington Post)

More Business


 TECHNOLOGY
EG Solutions and MultimaxArray suspended in SBA contracts probe
Federal authorities suspended two Department of Homeland Security contractors Thursday, saying they have evidence that the firms worked with a large company to "defraud the Government" by passing on work and revenues from a contract intended to benefit small businesses.
(By Robert O'Harrow Jr., The Washington Post)

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SPORTS
Hamilton leads Texas to OT win over Illinois
NEW YORK -- Jordan Hamilton scored 25 points and Texas scored the first eight points of overtime in a 90-84 victory over No. 13 Illinois on Thursday night in the semifinals of the 2K Sports Classic.
(By JIM O'CONNELL, AP)

Wideout Marshall is latest casualty to hit aching Dolphins
(By Tim Reynolds, AP)

Georgetown men's soccer stops UNC Greensboro in NCAA tournament
(By Christian Swezey, The Washington Post)

Reservoir wins the Maryland 3A soccer title on an unexpected goal from Katlyn Axenfeld
(By Paul Tenorio, The Washington Post)

Urlacher leads a swarming Bears' defense to 16-0 victory over Dolphins
(By Steven Wine, AP)

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STYLE
Arena Stage adds four days to 'Oklahoma!' run
The audiences at Arena Stage's "Oklahoma!" are proving "People Will Say We're in Love" is not just a memorable song from the vintage musical.
(By Jacqueline Trescott, The Washington Post)

Susanna Malkki makes gentle, assured music with National Symphony
(By Anne Midgette, The Washington Post)

Responsive musicality of Suzanne Farrell Ballet overshadows uneven execution
(By Sarah Kaufman, The Washington Post)

10 years after critic began art column, galleries still call to her
(By Jessica Dawson, The Washington Post)

Virginia Opera fires longtime director Peter Mark
(By Anne Midgette, The Washington Post)

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LIVE DISCUSSIONS
The Weather Gang Lab: The Thanksgiving outlook
Capital Weather Gang's Jason Samenow digs into this week's big weather story. Join the chat to find out what will happen -- and why.
(Jason Samenow, washingtonpost.com)

The TV Column Live with Lisa de Moraes
(Lisa de Moraes, washingtonpost.com)

Capitals-Thrashers live video preview
(Katie Carrera, washingtonpost.com)

Carolyn Hax Live: Advice columnist tackles your problems (Friday, Nov. 19, 2010)
(Carolyn Hax, BudgetTravelOnline.com)

Personal Tech Live with Rob Pegoraro
(Rob Pegoraro, washingtonpost.com)

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