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Dec 9, 2010

GATA : THE GATA DISPATCH : NOw Royal Bank Loves Gold

Eight years after repudiating Embry, Royal Bank loves gold

5:49p ET Thursday, December 9, 2010
Dear Friend of GATA and Gold:
Back in 2002 the top mutual fund manager in Canada and perhaps the world was Royal Bank's John Embry, but the 150 percent return of his gold fund that year didn't stop the bank from repudiating him publicly and then welcoming his departure after he issued a report concurring with GATA's complaints of gold price manipulation.
For a wonderful blast from the past, check out this commentary by Mathew Ingram in the June 24, 2002, edition of the Toronto Globe and Mail, which conceded that Embry himself was not a crank but intimated that he had begun consorting with cranks:
http://www.globeinvestor.com/servlet/ArticleNews/story/RTGAM/20020624/wm...
Eight years later Royal Bank's attitude toward gold has changed quite a bit, if belatedly. This week the bank's RBC Capital Markets division published a report written by its analysts Ray Hanson, Javed Mirza, and Robert Sluymer that fully shares Embry's and GATA's enthusiasm for gold's prospects and our disdain for government economic policies.
Hanson, Mirza, and Sluymer write: "Gold is destined to become the greatest 'bubble' of all time" and "the parabolic curve of its price track is still in its infancy." The RBC Capital Markets analysts recommend buying the shares of gold mining companies at all levels of capitalization.
Will their enthusiasm for gold and gold stocks earn them repudiation from their employer and maybe the boot as well? Or has even Royal Bank now figured out what's going on with the precious metals?
While we await Royal Bank's indignant response you can read the Hanson-Mirza-Sluymer report, titled "Large-Cap Golds: The New BCE/Nortel?," at GATA's Internet site here:
http://www.gata.org/files/RBCGoldReport-12-07-2010.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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MarketWatch -Special Financial Services: Stocks to watch for Friday

MarketWatch
SPECIAL FINANCIAL SERVICES
 
Stocks to Watch: Stocks to watch for Friday
 
By Sue Chang MarketWatch


Among the companies whose shares are expected to see active trade in Friday’s session are Jackson Hewitt Tax Service Inc., National Semiconductor and Borders Group Inc.  

Community Health Bids 7.3Billion For Tenet



(MarketWatch) : Community Health says it's bidding $ 7.3 billion For Tenet.

Get the latest news : HERE

MarketWatch: Personal Finance Daily .-No place like home: high taxes, fewer services

MarketWatch

Personal Finance Daily
DECEMBER 09, 2010

Thursday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

Compiling a list of the "best places to live" is inherently problematic. Similar to the problem of simple retirement-savings calculators that aim to tell you how much you need to save, no list of 10 "best places" nationwide is likely to accurately get at your own particular situation, let alone your unique needs and desires, fears and worries.

Then again, maybe it's easier to point to places that people won't like, the "worst of" rather than the "best of." After all, who would choose to live in a state that's undergoing a fiscal emergency? Or one that has average winter temperatures in the low 20s? Read Robert Powell's column today for a list of the 10 worst states for retirees.

OK ... maybe the "worst of" lists don't accurately get at our unique situations, either. I'm fairly certain my husband and I will retire in California, despite the high cost of living here and the current budget mess (of course, by the time we retire, the state may well have weathered a slew of fiscal emergencies and be sitting pretty).

But, even if "top 10" lists often don't reflect our own situation, few of us can resist reading them, if only to see where our hometown comes in the rankings. For more on why we feel that compulsion, read Amy Hoak's recent column about "best of" lists.

Plus, don't miss Kristen Gerencher's look at six books on health care that may make great gifts this holiday season, and get all the latest real-estate news, including the news on mortgage rates today.

Andrea Coombes , Personal Finance editor

The 10 worst states for retirees

Plenty of folks are aware of the best states for retirees. But what are the 10 worst states in which to spend your golden years?
Read more: The 10 worst states for retirees.


HEALTH CARE

Six health-related books worth a read

Despite ongoing public battles over the health-care overhaul signed into law earlier this year, health care remains a deeply personal matter.
Read more: Six health-related books worth a read.


Doctors' Medicare payment rates preserved until 2012

Seniors, people with disabilities and military families can breathe a sigh of relief now that their relationships with their doctors won't be interrupted by payment instability next year.
Read more: Doctors' Medicare payment rates preserved until 2012.


TAXES

House Democrats block vote on tax deal

House Democrats voted Thursday to block a deal struck by President Barack Obama and congressional Republicans on extending Bush-era tax breaks from coming to the floor until changes are made to the compromise.
Read more: House Democrats block vote on tax deal.


Commentary: House Democrats acting like angry drunks at bar

We know one thing about the House Democrats' refusal to bring up the compromise between President Barack Obama and congressional Republicans on taxes: It's not about deficits.
Read more: House Democrats acting like angry drunks at bar.


REAL ESTATE

Mortgage rates jump to six-month highs

Mortgage rates climbed this week with the average rate on the 30-year fixed-rate mortgage at its highest since the end of June, according to Freddie Mac's weekly survey of conforming mortgages, released on Thursday.
Read more: Mortgage rates jump to six-month highs.


Commentary: Mortgage rates are up so the sky must be falling

One thing low mortgage rates are sure to cause: a panic when they start to turn higher. There's nothing worse than missing a good deal, but when that deal entails saving every month over 30 years it's a rip-your-hair-out affair when it passes you by.
Read more: Mortgage rates are up so the sky must be falling.


U.S. homes to lose $1.7 trillion in value in 2010

Homes in the U.S. will have lost $1.7 trillion in value in 2010 by the time the year is through, according to estimates released Thursday by Zillow.com, an online real-estate marketplace.
Read more: U.S. homes to lose $1.7 trillion in value in 2010


INVESTING

Dividend payers fall short after tax deal

The steadiest dividend-paying stocks have failed to get much of a boost from a deal to keep tax rates low, according to a MarketWatch analysis, though investors are still clamoring for shares of any expected to hike payouts soon.
Read more: Dividend payers fall short after tax deal.


Is a stock-buying panic possible?

A top timer expects stock strength into the spring, maybe even a "buying panic" — although it vows to stay on its toes.
Read more: Is a stock-buying panic possible?


CHARITABLE GIVING

How to donate like a pro

Investors demand a good return from their assets. Now donors are increasingly seeking the same for their charitable dollars.
Read more: How to donate like a pro.


Facebook CEO to give fortune to charity

Facebook Inc.'s 26-year-old Chief Executive Mark Zuckerberg has joined a second group of donors committed to giving the majority of their wealth to charity, by signing on to a project launched by famed investor Warren Buffett and Microsoft Corp. co-founder Bill Gates.
Read more: Facebook CEO to give fortune to charity.


ECONOMY & POLITICS

U.S. households reduce their debts again

U.S. households reduced their debt for the 10th straight quarter, and businesses continued to hoard record amounts of cash, underscoring a lack of demand holding back the U.S. economy, according to new data from the Federal Reserve.
Read more: U.S. households reduce their debts again.


U.S. jobless claims fall 17,000 to 421,000

The number of U.S. workers who filed new applications for unemployment benefits fell by 17,000 last week to 421,000, the Labor Department reported Thursday, resuming a recent downward trend.
Read more: U.S. jobless claims fall 17,000 to 421,000.


TECHNOLOGY

Commentary: Apple and Costco: match made in hell

After Costco Wholesale Corp.'s earnings, news came out that the discount retailer will be phasing out its sale of Apple Inc.'s iPods and pre-paid iTunes cards, by mutual agreement of both companies.
Read more: Apple and Costco: match made in hell

CNBC Evening Brief: Morgan Stanley Sued Over Mortgage-Backed Securities.



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Meet the movers and shakers of the investing and political worlds, get investing tips from the best in the business, plus receive Maria's exclusive "look at the week ahead" video.
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NYT: Afternoon Business News.-Bond Yields Fall After Solid Demand at Auction.




Day Trading Still Alive, Outsourced to China

By DAVID BARBOZA
Trading firms based in the United States and Canada are recruiting inexpensive workers in China and teaching them to engage in speculative trading.
High & Low Finance

Truth and Consequences on Public Pensions

By FLOYD NORRIS
Pensions for workers could soon come under the kind of scrutiny that led to the demise of private pensions.

Bond Yields Fall After Solid Demand at Auction

By CHRISTINE HAUSER
An auction of $13 billion of 30-year bonds by the Treasury attracted more than $35 billion in bids.

European Banks Healthier but Still at Risk, E.C.B. Warns

By JACK EWING
In its twice-yearly assessment, the European Central Bank said banks remained vulnerable to the effects of the sovereign debt crisis or economic slowdown.
DealBook

Ex-White House Budget Director Joins Citigroup

By ERIC DASH and THOMAS KAPLAN
Peter R. Orszag will hold the title of vice chairman and will be the youngest member of Citi's Senior Strategic Advisory group.

Stocks Scratch Out Gains Amid Another Lackluster Session - U.S. Commentary | RTTNews : Evening Market Wrap

Evening Market Wrap Thu Dec 9  2010

Commentary

Dec 9, 2010 Stocks Scratch Out Gains Amid Another Lackluster Session - U.S. Commentary Stocks were able to crawl to a mostly higher close on Thursday, as the markets largely absorbed the day's upbeat news on weekly jobless claims with a grain of salt. Traders instead seemed to be awaiting news showing more substantive improvements in the U.S. economy. Full Article

Economic News

Dec 9, 2010 Wholesale Inventories Rise 1.9% Amid Jump In Non-Durable Inventories With inventories of non-durable goods showing another substantial increase, the Commerce Department released a report on Thursday showing that wholesale inventories increased by much more than expected in the month of October. The report showed that wholesale inventories increased by 1.9 percent in October following an upwardly revised 2.1 percent increase in September. Wholesale inventories had been expected to increase by 0.7 percent. Full Article
Dec 9, 2010 U.S. Weekly Jobless Claims Show Bigger Than Expected Drop First-time claims for unemployment benefits in the U.S. fell by more than anticipated in the week ended December 4th, according to a report released by the Labor Department on Thursday, although jobless claims remain above the two-year low set in late November. The report showed that initial jobless claims fell to 421,000 from the previous week's revised figure of 438,000. Economists had expected jobless claims to slip to 429,000 from the 436,000 originally reported for the previous week. Full Article

Corporate News

Dec 9, 2010 Dell In Talks To Acquire Compellent Technologies For About $850 MlnPersonal computer maker Dell, Inc. (DELL) announced Thursday that its is in advanced talks to acquire all of the outstanding shares of data storage solutions provider Compellent Technologies, Inc. (CML) for $27.50 per share or about $850 million. The two companies have entered into an exclusive agreement to negotiate a merger agreement. Full Article
Dec 9, 2010 Chevron Budgets $26 Bln For 2011 Capital, Exploratory SpendingIntegrated oil company Chevron Corp. (CVX) Thursday said it will spend $26.0 billion next year for its capital projects and exploratory program. The company will utilize about 85% of the fund for its upstream oil and gas exploration and production projects worldwide while another 10% will be used for its downstream businesses. Full Article
Dec 9, 2010 DuPont Backs Earnings OutlookChemicals giant DuPont (DD) on Thursday reiterated its earnings outlook for fiscal year 2010 and indicated that sales growth for the year will be about 20%, double the 10% target set by the company one year ago. For fiscal year 2011, the company projects earnings per share and sales in line with analysts' expectations. Full Article

Political News

Dec 9, 2010 Most Americans Think The Nation Is On The Wrong TrackAbout two-thirds of Americans feel the nation is headed in the wrong direction, according to a Bloomberg National Poll. Respondents were asked if they thought "things in the nation are headed in the right direction, or have they gotten off on the wrong track." The data showed that 66 percent answered "wrong track" compared to 27 percent that said "right direction." Full Article
Dec 9, 2010 House Democrats Reject Obama's Tax Cut AgreementIn a blow to President Barack Obama's tax cut agreement with Republican leaders, House Democrats voted Thursday not to bring the tax package to the floor in its current form. While Democrats favor extending the Bush tax cuts for the middle class, many oppose an extension of the tax cuts for those making more than $250,000 a year. A number of Democrats have also expressed concerns about the estate tax component of the agreement. Full Article
Dec 9, 2010 Obama Emphasizes Increased Exports For Economic GrowthPresident Barack Obama Thursday renewed his call for an increased emphasis on exports to support the American economy. Obama, speaking at a meeting of the Presidential Export Council, said that increasing sales of American goods overseas was one way of putting the economy on a more solid foundation for strong, long-term growth. "The world wants products made in America. We've got workers ready to make them," Obama said. Full Article
Dec 9, 2010 Senate Republicans Block Repeal Of "Don't Ask, Don't Tell"In a move that could mark the death kneel for efforts to repeal the military's "Don't Ask, Don't Tell" policy, Senate Republicans voted Thursday to block a defense authorization bill including the repeal of the policy that prevents gays and lesbians from serving openly in the U.S. armed forces. The Senate voted 57 to 40 in favor of the bill, but that still fell short of the 60 votes needed to end a Republican filibuster and move forward on the bill. Full Article

Recovery hopes supported by jobless claims fall | Financial & Forex Info News | Reuters - Daily Investor Update




FROM: Reuters - Daily Investor Update


S&P, Nasdaq end up; S&P above 1,228
Recovery hopes supported by jobless claims fall
Citi names Orszag global banking vice chairman
October wholesale inventories and sales up strongly
Ford invests in Kentucky plant; sign of recovery
Chevron hikes spending 20 percent in search of growth
Forex swaps with ECB total $60 million: New York Fed
Howard Stern in 5-year deal with Sirius XM
MasterCard buys Travelex prepaid unit for $459 million
Foreign central banks' U.S. debt holdings fall: Fed

Ex-Parmalat CEO jailed for 18 years. | F & F I N | The Australian Business Briefing





Ex-Parmalat CEO jailed for 18 years
CalistioTanzi UPDATED Liam Moloney and Salvatore Pizzo AN ITALIAN court has convicted Calisto Tanzi, the former owner of Parmalat Finanziaria, for the fraudulent bankruptcy of the dairy giant.
 
Wall St mixed as bond yields in focus
Wall St Donna Kardos Yesalavich US stocks closed mixed today, as data providing conflicted readings on the US economy failed to send the market in a clear direction.
 
Fervent Fed critic wins watchdog role
aus bus pix Ron Paul Danny Yadron A TEXAN libertarian, who has demanded the dismantling of the Fed, will head a House panel watching over the central bank.
 
Power play in final stage
AGL Matt Chambers BIDDERS in the NSW power privatisation go into a final "black box" data room today.
 
Fitch downgrades Ireland three notches
Ireland Art Patnaude FITCH Ratings has handed Ireland a three-notch credit rating downgrade, just days before parliament votes on the financial rescue package.
 
China web firms in stellar US debuts
Yoku Alexandra Frean SHARES in two Chinese internet companies, considered the Amazon and YouTube of the East, have made spectacular debuts on US stock exchanges.
 
Departing Falloon backs Ten strategy
departing falloon James Chessell OUTGOING Ten Network Holdings executive chairman Nick Falloon has stood by the broadcaster's growth strategy.
 
Reject Shop blames downturn on RBA
reject shop Blair Speedy DISCOUNT retail chain The Reject Shop has blamed the Reserve Bank's November interest rate rise for a sales downturn.
 
Financial Markets
Wall St mixed as bond yields in focus
Wall St Donna Kardos Yesalavich US stocks closed mixed today, as data providing conflicted readings on the US economy failed to send the market in a clear direction.
 
Fitch downgrades Ireland three notches
Gold ends two-day losing streak
 
Financial Markets Coverage
 
Mining & Energy
Gold ends two-day losing streak
gold bars Tatyana Shumsky GOLD snapped a two-day losing streak to settle higher today on inflation concerns and weaker Treasury yields.
 
Caltex expecting better times
Rio to dominate Mongolian copper mine
 
More Mining & Energy Coverage

The latest WikiLeaks cables have been released and there is more embarrassment for Foreign Minister, Kevin Rudd. | Financial & Forex Info News | The Australian Capital Circle



Capital Circle Newsletter

Organising folk dancing festivals
The latest WikiLeaks cables have been released and there is more embarrassment for Foreign Minister, Kevin Rudd.    

First off: In the cables, Mr Rudd derides the contribution of France and Germany to the fight against the Taliban as ''organising folk-dancing festivals'' and confides that the outlook in Afghanistan ''scares the hell out of me''. Another of the cables sent to Washington in November last year by the US embassy in Canberra records the Australian special representative on Afghanistan and Pakistan, Ric Smith - a former secretary of the Defence Department - delivering a bleak assessment of the international community's Afghan strategy. ''Smith had just returned from a visit to Oruzgan and described the mission in Afghanistan and Afghan government presence as a 'wobbly three-legged stool','' the cable says. (more from Philip Dorling and Nick McKenzie)
Tough talk: THE Gillard government has hardened its position on the WikiLeaks expose, saying it is illegal in Australia to obtain - or distribute - classified documents. (more from Brendan Nicholson)
Pay dispute: Staff in the department of Prime Minister and Cabinet have already rejected their latest pay offer once. Voting in PM&C about the latest pay offer from management to staff ended last night at 5pm. With the CPSU now backing the pay offer from PM&C boss Terry Moran's deputies, the agreement should be signed, sealed and delivered - right?
Breaking: Brad Norrington writes from Cancun, Mexico: "Climate Change Minister Greg Combet has thrown Australia's support behind a legally binding carbon emissions targets under a single treaty as the best way to tackle the environmental damage caused by greenhouse gases. But Mr Combet said today the Gillard government was also willing to be flexible on the question in seeking a "comprehensive legal outcome". The Minister's comments ... indicate an acceptance of the political reality that individual voluntary agreements from countries on reducing carbon pollution could be the best negotiators can achieve.
The spirit of Hawke and Keating: Minister Craig Emerson i
Read more...

The Washington Post fternoon Edition: Today's Most Read Articles: WikiLeaks avoids shutdown as supporters worldwide go on the offensive

Washington Post

1) WikiLeaks avoids shutdown as supporters worldwide go on the offensive

Over the past several days, the anti-secrecy Web site WikiLeaks has been hit with a series of blows that have seemed to threaten its survival. Its primary Web address was deactivated, its PayPal account was frozen, and its Internet server gave it the boot.

2) The Democrats' short-lived rebellion

New York Democrat Anthony Weiner, leaving a meeting between House Democrats and Vice President Biden Wednesday evening, likened the session to a prison brawl.

3) Redskins' Mike Shanahan explains Albert Haynesworth suspension, praises Daniel Snyder's support

Coach Mike Shanahan says he had owner Daniel M. Snyder's complete support in suspending Albert Haynesworth for the final four games of the season.

4) House Democrats vote to block debate on tax cuts deal

Senate leaders are laying plans to begin debate as soon as Thursday on a far-reaching tax package as rank-and-file Democrats warm to an agreement between the White House and Republicans to extend a host of expiring tax cuts and pump fresh cash into the economy.

5) Why Mike Pence catches conservatives' eyes

Why many Tea Partyers and social conservatives are urging him to run.

6) Obama takes his case to the independent center

The president was right to define himself as a moderate.

7) In Mexico, a legal breakdown invites brutal justice

IN ASCENCION, MEXICO -- In this dusty farm town, an hour south of the U.S. border, more than 40 people were abducted - one a week - in the first nine months of the year.

8) Immigration measure passes House faces stiff headwind in Senate

The Senate voted Thursday morning to put off a decision on a measure that would provide a path to citizenship for illegal immigrants brought into this country as children.

9) UN invites Ivory Coast's defiant Gbagbo to talk

ABIDJAN, Ivory Coast -- The top U.N. official in Ivory Coast said Thursday he is willing to talk to Laurent Gbagbo, who is refusing to relinquish power after a disputed election. The African Union suspended the country's membership in the latest sign of growing pressure.

10) Casting liberal allies aside will hurt Obama in the long run

If Obama can't count on their support, whom can he turn to?

Financial & Forex Info News | Economic and Statistics AdministrationWholesale Inventories & Sales Increases from Last Month and Prior year



Economics and Statistics Administration Logo
Wholesale inventories in October 2010 were $427.1 billion, up 1.9 percent from the prior month and an increase of 9.9 percent from the prior year.  Sales in October 2010 were $362.1 billion, up 2.2 percent from September and an increase of 13.4 percent from October 2009.

China News - China Real Time Report- WSJ : Bringing Balance To Cross-Border Yuan Settlement.

previousAlibaba Passes Google in China Online Ads
 
previousAlibaba Passes Google in China Online Ads

RTTNews: Morning Market Briefing : Stocks Poised For Solid Gains After Drop In Jobless Claims - U.S. Commentary


Morning Market Briefing Thu Dec 9  2010

Commentary

Dec 9, 2010 Stocks Poised For Solid Gains After Drop In Jobless Claims - U.S. Commentary Stocks futures are pointing to a solid move to the upside at the open on Thursday, as traders react to a more sizable than expected drop in weekly jobless claims. The major index futures are all in positive territory, with the Dow futures up by 46 points. A short time ago, the Labor Department reported that initial jobless claims fell to 421,000 in the week ended December 4th from the previous week's revised figure of 438,000. Full Article

Economic News

Dec 9, 2010 South Korea Keeps Interest Rate On HoldSouth Korea's central bank froze its key policy rate as expected on Thursday amid rising regional tensions and renewed uncertainty in global markets. Full Article
Dec 9, 2010 New Zealand Interest Rates On Hold At 3%New Zealand's central bank on Thursday decided to leave its key policy rate unchanged at 3% and signaled rates will not be hiked as quickly as previously envisaged. Full Article
Dec 9, 2010 Japan Q3 GDP Growth Revised Higher To 1.1%Japan's economy expanded 1.1 percent in the third quarter of 2010 compared to the previous three months, the Cabinet Office said on Thursday in its final report - better than forecasts for a 1.0 percent increase following the 0.9 percent gain in the preliminary reading. Full Article
Dec 9, 2010 Australia Unemployment Rate Falls To 5.2%The unemployment rate in Australia declined in November by 0.2 percent to 5.2 percent. Full Article
Dec 9, 2010 UK Visible Trade Gap Widens Unexpectedly Record imports in the UK offset an acceleration seen in shipments in October. Full Article
Dec 9, 2010 BoE Maintains GBP 200 Bln QE, Record Low Interest Rate Bank of England refrained from providing further stimulus to the economy at its final monetary policy meeting this year as majority of policymakers assess the current monetary stance as appropriate, given the pace of recovery. Full Article
Dec 9, 2010 U.S. Weekly Jobless Claims Fall More Than Expected First-time claims for unemployment benefits in the U.S. fell by more than anticipated in the week ended December 4th, according to a report released by the Labor Department on Thursday, although jobless claims remain above the two-year low set in late November. Full Article

Earnings News

Dec 9, 2010 Brown-Forman q2 profit up; ups FY11 EPS viewBeverage maker Brown-Forman (BFA, BFB) Thursday said its second-quarter earnings rose, as revenue grew 1%. The company lifted earnings guidance for fiscal 2011. Full Article
Dec 9, 2010 Lululemon Athletica Q3 results beat EstimatesLululemon Athletica Inc. (LULU), an athletic apparel company, Thursday said earnings nearly doubled from last year, on increased comparable store sales. Both revenues and earnings per share beat estimates. The company's expectations for the fourth quarter came above consensus. Full Article
Dec 9, 2010 Ciena Q4 Loss deepensNetworks Company Ciena Corp. (CIEN) Thursday reported a wider fourth-quarter loss as the increase in expenses outpaced the revenue growth. Although revenues beat estimates, the adjusted loss per share was bigger than what analysts expected. Ciena issued revenue outlook for the first quarter of fiscal 2011. Full Article
Dec 9, 2010 Smithfield Foods posts Profit in Q2Smithfield Foods Inc. (SFD), a pork processor and hog producer, Thursday reported second-quarter profit, owing to higher pork prices. Quarterly revenues rose, yet fell short of expectations. Full Article
Dec 9, 2010 DuPont confirms FY10 adj. EPS viewChemicals Giant DuPont (DD) on Thursday reiterated its 2010 target for adjusted earnings per share and issued 2011 earnings forecast. Also, the company said it expects earnings per share growth of about 12% compounded annually, excluding items, from 2010 through 2015. Full Article
Dec 9, 2010 SAIC Q3 profit up; cuts FY11 revenue viewSAIC Inc. (SAI), a scientific and technology applications company, said Wednesday that strong program execution and fixed-price contracts helped the company to post better-than-expected for the third quarter. Revenues grew and came in below estimates. SAIC slashed its fiscal 2011 revenue growth outlook, while forecast for fiscal 2012 fell short of consensus. Full Article

Corporate News

Dec 9, 2010 Dell in talks to acquire Compellent for $27.50/shrDell Inc. (DELL) said it is in talks regarding a possible acquisition of network storage solutions provider Compellent Technologies Inc. (CML) for $27.50 per share. Full Article
Dec 9, 2010 Chevron expects FY11 capex of $26 blnChevron Corp. (CVX) Thursday said it expects capital and exploratory spending of $26 billion for fiscal 2011, up from $21.6 billion for 2010. Full Article

Broker Ratings Changes

Dec 9, 2010 FBR Capital Markets Cuts Lowe's Cos. (LOW) To Market Perform From Outperform With $27 Price Target
Dec 9, 2010 FBR Capital Markets Lifts The Home Depot, Inc. (HD) To Outperform From Market Perform With $37 Up From $35 Price Target

Todays WS Events

Dec 9, 2010 CA To Present At Lazard Cloud Computing Investor Summit; Webcast At 11:00 AM ET CA Technologies (CA) will present at the Lazard Capital Markets Cloud Computing Investor Summit in New York. The event is scheduled to begin at 11:00 AM ET, December 9, 2010. To access the live webcast, log on to http://investor.ca.com/
Dec 9, 2010 Google To Present At Barclays Capital Conference; Webcast At 12:00 PM ET Google Inc. (GOOG) CFO, Patrick Pichette will present at the Barclays Capital 2010 Technology Conference in San Francisco. The event is scheduled to begin at 12:00 AM ET, December 9, 2010. To access the live audio webcast, log on to http://investor.google.com/webcast.html
Dec 9, 2010 Dell To Present At Barclays Technology Conference; Webcast At 3:00 PM ET Dell Inc. (DELL) will present at the Barclays Technology Conference in San Francisco. The event is scheduled to begin at 3:00 PM ET on December 9, 2010. To access the live webcast, log on at www.dell.com/investor
Dec 9, 2010 Cisco To Present At Sanford Bernstein Hosted Discussion; Webcast At 6:00 PM ET Cisco Systems Inc. (CSCO) CEO John Chambers will present at Sanford Bernstein Hosted Discussion. The event is scheduled to begin at 6:00 PM ET on December 9, 2010. To access the live webcast, log on at http://investor.cisco.com
Dec 9, 2010 United Technologies Investor And Analyst Meeting At 6:00 PM ET United Technologies Corp. (UTX) will host its investor and analyst meeting on December 9, 2010. The event is scheduled to begin at 6:00 PM ET. To access the live webcast, log on to www.utc.com

Stocks To Watch

Dec 9, 2010 Semi and Solid…A recent IPO, this company is a niche player in the semi industry, specializing in high-growth applications like Near field technology that is used for contactless payments. Competitive manufacturing Full Article