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Nov 26, 2010

This Week's Top Ten Stories on MarketWtach- Special Financial Services, Nov. 22 - 26:

MarketWatch
SPECIAL FINANCIAL SERVICES

Top Ten: MarketWatch’s top stories, Nov. 22-26
By MarketWatch


Here’s a look at what made headlines in the latest week. 

Will Index Funds get Harder to beat? The Intelligent Investor - WSJ

The Intelligent Investor, by Jason Zweig
from The Wall Street Journal


Until now, index funds have had an Achilles' heel—they can be "front run" by hedge funds and other sharp traders. A new strategy aims to stop that.

http://online.wsj.com/article/SB10001424052748704008704575638583030174768.html?mod=djintinvestor_t

Stocks End Abbreviated Session Mostly Lower - U.S. Commentary:. RTTNews Evening Market Wrap


Evening Market Wrap Fri Nov 26

Commentary

Nov 26, 2010 Stocks End Abbreviated Session Mostly Lower - U.S. Commentary After ending the previous session sharply higher, stocks gave back some ground during the holiday-shortened trading session on Friday. Geopolitical concerns generated some negative sentiment, but selling pressure remained relatively subdued. Full Article

Materials lead Wall Street slide on euro-debt woes .|Financial And Forex Info News | Reuters Daily Investor Update



FROM: REUTERS - DAILY INVESTOR UPDATE




Materials lead Wall Street slide on euro-debt woes
Shoppers back in Black Friday binge
Hedge fund FrontPoint hit by $3 billion in redemptions
Ireland nears rescue, Portugal denies it's next
Airbus, Boeing mull further output hikes: sources
Kardashian Kard too "kostly," regulator says
Retail CEOs see longer Black Friday lines
Russia seeks 2011 WTO entry: PM Putin
Bad blood grows between Swiss drug CEOs
Final draft of Iraq gas deal with Shell within 10 days

NYT: Afternoon Business News: Portugal Approves Austerity Budget




Portugal Approves Austerity Budget

By RAPHAEL MINDER
The budget plan for 2011 is aimed at reassuring nervous lenders that the country can avoid a bailout by meeting its deficit-cutting targets.
DealBook

FrontPoint Investors Ask for $3 Billion Back

By AZAM AHMED
The redemption requests come at a time of investor nervousness amid insider trading investigations.

Swedish Court Upholds Convictions in File-Sharing Case

By THE ASSOCIATED PRESS
The appeals court, however, reduced the prison sentences and raised the damage award of the three men at the Pirate Bay filing-share site.
DealBook

Del Monte to Be Sold to K.K.R. and Others for $5 Billion

By MICHAEL J. DE LA MERCED and PETER LATTMAN
The deal by Kohlberg Kravis Roberts and two other firms is the latest in a streak of food-related mergers and acquisitions.

Family's Fall From Affluence Is Swift and Hard

By GERALDINE FABRIKANT
A $14 million windfall was lost to extravagant spending and the recession in little more than a decade.

The Washington Pos Afternoon Editiont Most Read Articles


1) Ingmar Guandique convicted of first-degree murder of former intern Chandra Levy

Prosecutors overcame a lack of any scientific evidence to secure a conviction Monday of Ingmar Guandique in the killing of former federal intern Chandra Levy.

2) Doctors say Medicare cuts force painful decision about elderly patients

Want an appointment with kidney specialist Adam Weinstein of Easton, Md.? If you're a senior covered by Medicare, the wait is eight weeks.

3) Alaska native status gave tiny, inexperienced firm a $250 million Army contract

In summer 2008, the U.S. military had a major problem. More than 2,400 service members had reported being sexually assaulted the previous year, and the number was rising. Congress wanted immediate action.

4) Liberals resort to conspiracy theories to explain Obama's problems

An ideological movement at its most cynical.

5) The irrelevance of START

What difference does it make how many nukes Russia builds?

6) Karzai's aide: UK 'to blame' for Taliban impostor

LONDON -- A senior Afghan official has blamed the British secret service for bringing a Taliban impostor to take part in top-level peace talks with the Afghan government, newspapers reported Friday.

7) D.C. might be much better off without pointless party politics

The necessity of choosing an interim D.C. Council member to replace Kwame R. Brown (D-At Large), who becomes the body's chairman after the new year, has some questioning the intermittent relevance of the D.C. Democratic State Committee.

8) Palin draws fire with North Korea gaffe

WASHINGTON -- Sarah Palin is drawing criticism from around the world after declaring that the United States has to stand with "our North Korean allies."

9) Police, not teenage girl, greeted sex-sting suspect

The New Jersey congressman's chief of staff, one of 11 men snared in a recent Montgomery County sex sting, arrived at an apartment complex expecting to meet a teenage girl, but instead was greeted by officers in the parking lot, authorities said.

10) Sheila C. Bair: Will the next fiscal crisis start in Washington?

I fear that one will start in Washington.

MarketWatch Personal Finance Daily: Saving for U.S. college? Try England instead

MarketWatch
Personal Finance Daily
NOVEMBER 26, 2010

Friday's Personal Finance stories

By MarketWatch



Don't miss these top stories:
U.S. core inflation, excluding food and energy, rose at a record-low rate in October. But when it comes to low inflation rates, there are a few significant exceptions — and college tuition is one of them. Read more: Core inflation hits record low in October.

As Kristen Gerencher writes in her Weekend Investor feature today, college costs jumped almost 8% in the past year, to an average of about $7,600 for tuition and fees for in-state students at public schools, and rose almost 5%, to about $27,300, at private, nonprofit schools.

In other words: Get cracking, parents. One way to do that: Sock money away in a 529 plan, where you can get tax-free growth and possibly some beneficial financial-aid treatment.

Read Kristen's story today for more on the pros and cons of 529 plans. A couple of new "pros": More plans are reducing fees, and more are offering safer, cash-type investment options, better suited to parents whose kids are already in high school. The cons: It's tough to find healthy returns anywhere these days, and 529s are no exception. Still, as Kristen notes, overall, 529 plans have outperformed mutual funds, if only slightly, over the past five years.

There is another way: Ship your kid to the U.K. for college. London-based editor Kim Hjelmgaard explores just how much money you can save on a quality education by going overseas, despite the fact that fees in the U.K. are rising, too. See full story on how college-age Americans can save by studying abroad.

I didn't plan far enough ahead for my daughter's college costs. But a combination of savings, help from grandparents (thank you, Mom and Dad!), and a chunk of current income is helping to foot her bill. You cobble it together, one way or another, right?

Andrea Coombes , personal finance editor

U.S. college students explore U.K. options

Not everyone who attended the University of St. Andrews, in Scotland, around the turn of the millennium — when Prince William was the man about campus — expected to marry the grandson of a queen.
Read more: U.S. college students explore U.K. options.

How to choose the right 529

What's the best place to park money that needs to grow at a rate that keeps up with rapidly rising tuition costs? It might be a 529 plan, where tax-free earnings can give you an edge. But the plans aren't all created equal.
Read more: How to choose the right 529 college savings plan.

HOLIDAY SHOPPING

Black Friday shoppers hit stores

Analysts, economists and retailers themselves are looking closely at the first wave of post-Thanksgiving shopping, seeking signs that this holiday shopping season is shaping up as the strongest in several years.
Watch slide show: Black Friday shoppers hit stores.


Retailers hope Black Friday brings holiday cheer

Early traffic and sales indications from Black Friday have appeared to be topping expectations, suggesting consumers may be increasingly willing to loosen their purse strings as retailers kick off their biggest selling season of the year.
Read more: Retailers hope Black Friday brings holiday cheer.


Free stuff to brighten your holidays

The number of free items available to consumers who search offline and surf the Internet continues to grow. And when you look beyond tiny samples of products and coupons, there are genuinely worthwhile offers out there.
Read more: Free stuff to brighten your holidays.


Who's back on the holiday shopping list? We are

NPD Group's Marshal Cohen says more shoppers are leaving the stores with purchases than he saw last year, and more people are buying stuff for themselves. Also in News Break, a look at Cyber Monday shopping, and ways to avoid spending too much.
Listen to radio report: Who's back on the holiday shopping list? We are.


RETIREMENT

Give thanks for U.S. retirement system

There are many reasons to criticize the U.S. retirement system, including the fact that just half of working Americans have access to an employer-sponsored savings plan. But there are at least 10 reasons to give thanks for what we've got. Read more: Give thanks for the U.S. retirement system .

REAL ESTATE

Walking away from a mortgage

Readers ask about the pros and cons of walking away from a mortgage, and Lew Sichelman explains why strategic default is only a last resort, in this week's Realty Q&A.
Read more: Walking away from a mortgage.


INVESTING

The stock market and Black Friday

It would appear difficult to overestimate the importance to investors of Black Friday.
Read more: The stock market and Black Friday.

Commentary: Coming competing currency devaluations

A letter that specializes in big ideas hardly has room for two current blockbusters.
Read more: Coming competing currency devaluations.


ECONOMY & POLITICS

Tax debate, deficit report on tap next week

Taxes and spending will return to the Washington spotlight next week when Congress comes back for a lame-duck session, and a presidential deficit commission is expected to issue a final report about tackling the U.S. debt.
Read more: Tax debate, deficit report on tap next week.


Big debt poses clear financial danger for U.S.: Bair

Excessive borrowing by the U.S. government poses a "clear danger" to the country's long-term financial stability, the chairman of the Federal Deposit Insurance Corp. wrote Friday, and "urgent action" is needed to head off another financial crisis.
Read more: Big debt poses clear financial danger for U.S.: Bair.


In charts: GDP, home sales, durable goods

Here's a visual summary of the week's key U.S. economic indicators.
Read more: GDP, home sales, durable goods.


CARS

Chevy Volt's sticker to have three mileage ratings

General Motors Co.'s Chevrolet Volt battery-powered car will get three mileage ratings on its window sticker — 37-, 60-, and 93-miles per gallon — that vary based on how the vehicle is driven.
Read more: Chevy Volt's sticker to have three mileage ratings.

European Debt Worries Force Many Investors to Play It Safe : CNBC Evevining Brief



LATEST STORIES


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From the stock room to the board room, we've got details on the very latest trends, sales and strategies and how it all affects investors.
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Pre-Market trading Movers & Shakers.- MarketWatch Special Financial Services

MarketWatch
  SPECIAL FINANCIAL SERVICES
 
Movers & Shakers: Friday’s biggest gaining and declining stocks
 
By MarketWatch

Advertisement
Here’s a look at stocks expected to make significant moves in Friday’s session. 
See full story

Geopolitical Concerns Likely To Drag Stocks Lower At The Open - U.S. Commentary : RTTNews - Morning Market Briefing

Morning Market Briefing Fri Nov 26 09

Commentary

Nov 26, 2010 Geopolitical Concerns Likely To Drag Stocks Lower At The Open - U.S. Commentary With geopolitical concerns once again generating negative sentiment, stocks are likely to move back to the downside in early trading on Friday. The major index futures are currently indicating a sharply lower open for the markets, with the Dow futures currently down by 85 points. Full Article

Economic News

Nov 26, 2010 Singapore Manufacturing Output Growth Tops Expectations Singapore's manufacturing output growth accelerated more than expected in October, official figures showed Friday. Full Article
Nov 26, 2010 RBA Says Interest Rate Setting 'Appropriate'The Australian central bank's decision to raise the benchmark interest rate by a quarter percentage point earlier this month was "finely balanced," but appropriate, although more rate hikes in the near-term are unlikely, the bank's chief said on Friday. Full Article
Nov 26, 2010 Japan Core Consumer Prices Fall For 20th MonthJapanese consumer prices fell for the 20th straight month in October, although the pace of decline moderated sharply due to a hike in the tobacco tax rate, government figures showed on Friday. Full Article
Nov 26, 2010 German November Inflation Highest In More Than Two Years German consumer price inflation rose to the highest level in more than two years, preliminary data from the Federal Statistical Office showed Friday. Full Article

Corporate News

Nov 26, 2010 Private equity group to acquire Del Monte Foods in $5.3 bln dealThursday, Del Monte Foods Co. (DLM) said it agreed to be bought by an investor group led by private equity firm Kohlberg Kravis Roberts & Co. (KKR), Vestar Capital Partners and Centerview Partners in a deal valued around $5.3 billion, including the assumption of about $1.3 billion in net debt. As per the deal, the Sponsors will acquire Del Monte for $19 per share in cash. The firm noted that the transaction would close by the end of March 2011, if it does not receive a superior offer. Full Article

Spanish stocks sink / Wall Street set To Slde . Market Watch Special Financial Services

MarketWatch
SPECIAL  FINANCIAL SERVICES
 
Spanish stocks sink on debt concerns
 
By Aude Lagorce MarketWatch


Spanish stocks sink on Friday as pressure intensifies on Portugal to seek financial assistance from authorities and investors worry Spain could be next. 

 
By Simon Kennedy MarketWatch
11/26/2010 06:16:10 AM



Europe’s debt fears and Black Friday in focus as U.S. stock futures decline. 


FROM: REUTERS - BEFORE THE BELL

Stock futures drop on euro zone debt worries
Shoppers queue up for Black Friday deals
EU denies pushing Portugal towards bailout
KKR-led group to buy Del Monte for $4 billion
Qatar Airways slams Boeing, may buy more Airbus
Final draft of Iraq gas deal with Shell within 10 days
Citi to open "Apple-like" flagship stores in Europe: report
Apax buying Advantage Sales from BofA, JW Childs
Genzyme open to Campath clause in Sanofi bid: report
If it's Thanksgiving, it must be time to shop




South Korea names defense minister amid criticism : FINANCIAL & FOREX INFO NEWS ( F & F I N ) Reuters - Morning Digest





FROM: REUTERS - MORNING DIGEST

South Korea names defense minister amid criticism
Afghan "peace talks" impostor paid by MI6: report
Wall St futures point to weak start after holiday
Smartphones, Twitter top Japan hit product survey
Russian-U.S. space crew land safely in Kazakhstan
Ihedigbo, Smith's efforts lift Jets over Bengals
Billy Joel recovering from double hip replacement
Skimpy trunks' design causes Singapore blushes

A 'Normal' Election Shows Taiwan's Progress : China News - China Real Time Report

previousShanghai’s Air Bad, But Crazy Bad?

NYT: Morning Business News: For Retailers, Black Friday Expectations Are High



BUSINESS:

Family's Fall From Affluence Is Swift and Hard

By GERALDINE FABRIKANT
A $14 million windfall was lost to extravagant spending and the recession in little more than a decade.

For Retailers, Black Friday Expectations Are High

By STEPHANIE CLIFFORD
Analysts say discounts and eager shoppers could result in the beginning of a strong holiday season for retailers.
DealBook

Del Monte Agrees to $5 Billion Sale

By MICHAEL J. DE LA MERCED and PETER LATTMAN
A group of buyout firms led by Kohlberg Kravis Roberts will pay $19 a share for the pet foods company -- not to be confused with the fruit seller of old.

The Washington Post : Today's Highlights


TODAY'S HIGHLIGHTS
 
Karzai aide blames British for bringing Taliban impostor to talks
KABUL - President Hamid Karzai's chief of staff on Thursday said that British authorities were responsible for bringing a Taliban impostor into the presidential palace and that foreigners should stay out of delicate negotiations with the Afghan insurgent group.
(By Joshua Partlow, The Washington Post)

Alaska native status gave tiny, inexperienced firm a $250 million Army contract

(By Robert O'Harrow Jr., The Washington Post)

Tea party hopes to plant local roots in Virginia for next year's statewide elections

(By Rosalind S. Helderman and Amy Gardner, The Washington Post)

Doctors say Medicare cuts force painful decision about elderly patients

(By N.C. Aizenman, The Washington Post)

Garry Trudeau looks back at 40 years of 'Doonesbury'

(By Michael Cavna, The Washington Post)

More Today's Highlights

NYT : ALERT FGC BOLSA FGC FINANCIAL MARKETS



Alert Name: FGC BOLSA - FGC FINA
November 26, 2010 Compiled: 12:56 AM

BUSINESS DAY / GLOBAL BUSINESS

The European Commission intends to propose pursuing more bilateral trade agreements and investing in infrastructure in Africa.

BUSINESS DAY / GLOBAL BUSINESS

Germany seemed to win qualified support from France in its effort to make private investors pick up part of the tab.

BUSINESS DAY

Conditions for bailouts need to be tough, otherwise the world will not learn the lessons from the crisis.

India News - India Real Time Report: Q&A: Harvard Study on Taj Employee Heroism



  India Real Time
Trying to Sell the Walk-in Vasectomy
When the trade fair in Delhi comes to an end Saturday, the state's top vasectomy official expects a special walk-in camp to have performed no more than 200 of the permanent birth control measures.

Q&A: Harvard Study on Taj Employee Heroism
India Real Time spoke to Rohit Deshpande, professor of marketing and branding at Harvard Business School, who studied the heroism shown by Taj hotel employees during the 26/11 attacks and written a case study on his findings.

Career Journal: Avoid Health Problems at Work
Office workers stuck to their chairs and glued to a computer are prone to numerous health problems. But some simple tweaks and exercises can help, say Prerna Sodhi and Shefali Anand.

India Digest: CBI Report Indicts Amit Shah, Gujarat Police
Here is a roundup of news from Indian newspapers, news wires and Web sites on Friday, November 26, 2010. The Wall Street Journal has not verified these stories and does not vouch for their accuracy.

Afghans Beat Pakistanis at Their Own Game: Cricket
Afghans felt a strong sense national pride and rare unity Thursday, after the country?s team beat Pakistan in a 22-run victory at the cricket semifinals in the Asian Games.