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Jan 5, 2011

Announcing New FORA.tv Series WikiLeaks: Security Threat or Media Savior?

CNBC Evening Brief .-December May Have Been Turning Point for Hiring for US


LATEST STORIES


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

The Facebook Obsession
CNBC 360 Premieres Tomorrow, 9:00PM ET/PT
"The Facebook Obsession" is the compelling story behind the rise of the largest social media site on the planet, told through Facebook’s founders, friends and critics. Correspondent Lester Holt delivers a fascinating look at how this internet phenom, with half a billion users, is fundamentally altering American life...for better or worse. CNBC takes you inside the business model that has turned a dorm room venture into a multi-billion dollar enterprise.
»more info


LATEST VIDEO

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


LATEST STORIES


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

The Facebook Obsession
CNBC 360 Premieres Tomorrow, 9:00PM ET/PT
"The Facebook Obsession" is the compelling story behind the rise of the largest social media site on the planet, told through Facebook’s founders, friends and critics. Correspondent Lester Holt delivers a fascinating look at how this internet phenom, with half a billion users, is fundamentally altering American life...for better or worse. CNBC takes you inside the business model that has turned a dorm room venture into a multi-billion dollar enterprise.
»more info


LATEST VIDEO

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

NFA NOTICE TO MEMBERS: NFA provides guidance for disclosure of conflicts of interests arising from Typical Incentive Fee Arrangements by commodity pool operators and commodity trading advisors


Wear your seat belt, and set aside time for taxes| MarketWatch Personal Finance Daily

MarketWatch

Personal Finance Daily
JANUARY 05, 2011

Wednesday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

Do you put on a seat belt when you get in the car? For me, it's become so much a part of driving, I can't imagine not doing it, though I certainly bounced entirely unfettered in the family car's back seat when I was growing up.

But new data finds that one in seven U.S. adults still don't click in. Read Kristen Gerencher's Health Matters blog today for more on which states, and why.

Plus, don't miss Jonathan Burton's column today on how exchange-traded funds are in a race to the bottom — on fees. And see our TaxWatch story on the latest from the National Taxpayer Advocate, the government watchdog whose aim is to protect and represent taxpayers. The agency's report out today finds that taxpayers, both businesses and individuals, spend an estimated 6.1 billion hours a year trying to comply with the tax code. Phew.

The solution: a tax-code overhaul. But can that possibly happen in our lifetimes? Maybe. This president got health reform through, after all.

Andrea Coombes , Personal Finance editor

One in seven U.S. adults still don't wear seat belts

Wearing your seat belt every time you hop in the car is an act of preventive health care that's easily taken for granted, but the portion of Americans buckling up has risen to an all-time high, according to a new report.
Read Health Matters: One in seven U.S. adults still don't wear seat belts.


TAXES

Tax prep takes 6.1 billion hours a year: report

The most pressing and serious problem facing U.S. taxpayers is the tax code's sheer complexity, which forces individual filers and businesses to spend an estimated 6.1 billion hours every year complying with tax law, according to the latest report from the National Taxpayer Advocate, presented to Congress Wednesday.
Read more: Tax prep takes 6.1 billion hours a year.


INVESTING

Commentary: Why you shouldn't trust Wall Street's top stocks for 2011

It's the time of year when brokers are likely to offer you their top stock recommendations for the new year.
Read more: Why you shouldn't trust Wall Street's top stocks for 2011.


Morningstar names top fund managers of 2010

Investment researcher Morningstar Inc. on Wednesday named four veteran mutual-fund managers as Managers of the Year to recognize achievements in their respective stock and bond specialties in 2010.
Read more: Morningstar names top fund managers of 2010.


ETF investors win as fund firms fight to cut fees

A price war is slashing expenses to the bone on index-tracking exchange-traded funds and mutual funds. And that suits Harold Evensky fine.
Read more: ETF investors win as fund firms fight to cut fees.


Last year's rankings poor guide to this year

Lots of investors every January choose their advisers based on performance in the previous calendar year. This turns out to be a surprisingly risky strategy.
Read more: Last year's rankings poor guide to this year.


Earnings season competition returns to MarketWatch

Trading is open on MarketWatch's second stock-picking competition focused on earnings season. Participants in the Fantasy Earnings Trader make their stock selections based on companies that are reporting in a given week.
Read more: Earnings season competition returns to MarketWatch.


10 expert stock picks for 2011

If December was any indication, Wall Street is on track for a great year in 2011.
Read more: 10 expert stock picks for 2011.


THE JOB MARKET

Private payrolls leap 297,000 in December: ADP

Private-sector employment jumped by 297,000 in December, according to Automatic Data Processing Inc.'s latest employment report, in what could be a signal that the recovery is finally adding jobs at a meaningful clip.
Read more: Private payrolls leap 297,000 in December, ADP says.


SAVING & SPENDING

World food prices at record high in December

Global food prices reached a record in December, above a previous high set in 2008, according to the monthly Food Price Index published Wednesday by the United Nations Food and Agriculture Organization.
Read more: World food prices at record high in December.


Wine, oil prices both driven by economy, study finds

Both wine and oil prices are chiefly driven by economic factors, a study released by the International Monetary Fund shows, demonstrating how factors like speculation, monetary policy and even grape quality have little to do with the recent strength in commodity prices.
Read more: Wine, oil prices both driven by economy, study finds.


ECONOMY & POLITICS

Boehner era begins in the House

Rep. John Boehner of Ohio was elected House speaker Wednesday, ushering in a new era of Republican control of the lower chamber of Congress and setting up a direct confrontation with President Barack Obama over a host of issues including health care and government spending.
Read more: Boehner era begins in the House.


Commentary: Abolish the Senate; don't just reform it

Led by a few freshman Democrats, the Senate will open its new session Wednesday by voting on the most far-reaching reform of its rules in a generation, reining in a few of the most abusive practices that have allowed a small minority to subvert the will of the majority.
Read more: Abolish the Senate; don't just reform it.


TRAVEL

American Air under pressure from Sabre over fees

A dustup between American Airlines and ticket distributors intensified Wednesday after Sabre Holdings, a global reservation system for the travel industry, said it would raise booking fees for the world's fourth-largest airline.
Read more: American Air under pressure from Sabre over fees.


ECONOMY & POLITICS

Services sector in December best in four years

The services sector expanded in December for the 12th straight month and at an accelerating pace, according to an index of purchasing managers released Wednesday.
Read more: Services sector in December best in four years.


Fed's Hoenig defends record of dissent

Thomas Hoenig, the president of the Kansas City Federal Reserve Bank, defended Wednesday his decision to vote against all eight interest-rate policy moves taken during 2010.
Read more: Fed's Hoenig defends record of dissent.


Commentary: It's 2011, and lawmakers focus on political stunts

The calendar says it's a new year, but the egos in Washington seem to be still spinning out of control, promising to make 2011 the Year of the Political Stunt.
Read more: It's 2011, and lawmakers focus on political stunts.


Commentary: White House needs new message in 2012

Now that Robert Gibbs has announced his intention to move on as press secretary, the Obama White House has an opportunity to amp up its approach to the 2012 presidential election. It's right around the corner.
Read more: White House needs new message in 2012.


PERSONAL TECH

CES sports 2011's top gadgets: a pictorial

The Consumer Electronics Show in Las Vegas is dominated by tablet computers this year but other hot electronic gear will also be on display.
Read more: CES sports 2011's top gadgets: a pictorial.


AT&T lays out plan for 4G network, devices at CES

AT&T laid out an aggressive plan to roll out its next-generation wireless network in 2011, including a slate of devices that will include tablets and the market's first dual-core smartphone.
Read more: AT&T lays out plan for 4G network, devices at CES.


Comcast to offer live streaming to iPad

The largest U.S. cable operator strengthens its iPad application, offering live streaming to the tablet for the first time.
Read more: Comcast to offer live streaming to iPad.




WSJ: Technology Alert

Technology Alert
from The Wall Street Journal


Interest in shares of Facebook is so strong that Goldman Sachs plans to stop soliciting interest from potential investors on Thursday, after the securities firm received orders worth several billion dollars.

http://online.wsj.com/article/SB10001424052748703675904576064210094944044.html?mod=djemalertTECH

Stocks See Solid Gains After Strong Private Sector Jobs Number - U.S. Commentary Stocks . RTTNews Evening Market Wrap

Evening Market Wrap Wed Jan 5  2011

Commentary

Jan 5, 2011 Stocks See Solid Gains After Strong Private Sector Jobs Number - U.S. Commentary Stocks were able to post moderate gains on Wednesday, as the day's economic data showed private sector job growth that exceeded economist estimates by a wide margin. Nonetheless, sentiment was still cautious ahead of Friday's all-important employment report for December, limiting the upside. Full Article

Economic News

Jan 5, 2011 U.S. Service Sector Expands At Faster Rate In December Reflecting an acceleration in the pace of growth in U.S. service sector activity in the month of December, the Institute for Supply Management released a report on Wednesday showing that its non-manufacturing index for the month rose by more than expected. The ISM said its non-manufacturing index rose to 57.1 in December from 55.0 in November, with a reading above 50 indicating growth in the service sector. Economists had expected the index to show a more modest increase to a reading of 56.0. Full Article
Jan 5, 2011 U.S. Private Sector Job Growth Far Exceeds Economist Estimates Private sector employment in the U.S. showed a substantial increase in the month of December, according to a report released by Automatic Data Processing, Inc. (ADP) on Wednesday, with the private sector job growth far exceeding economist estimates. ADP said that the much stronger than expected job growth in December reflects a pace that is well above what is usually associated with a declining unemployment rate. Full Article

Political News

Jan 5, 2011 GOP Freshman Host Lavish Fundraiser On Eve Of Being Sworn InIn a move that has drawn some criticism in light of Republicans' populist message ahead of the recent midterm elections, several freshman Republican House members hosted a lavish fundraiser at the swanky W Hotel in Washington on Tuesday. Full Article
Jan 5, 2011 Boehner Takes Over As House Speaker As New Congress ConvenesAfter serving as Speaker of the House for four years, Rep. Nancy Pelosi, D-Calif., handed the Speaker's gavel over to Rep. John Boehner, R-Ohio, on Wednesday as the 112th Congress officially convened. The members of the House voted 241 to 173 to elect Boehner as the new speaker, reflecting the new Republican majority in the chamber. Democrats lost a total of 63 House seats in the November midterm elections, giving the GOP a 242 to 193 majority. Full Article 

NYT: Afternoon Business News .-U.N. Food Price Index Jumps in December



BUSINESS

Pentagon Is Poised to Cancel Marine Landing Craft

By CHRISTOPHER DREW
The $14.4-billion program has been hurt by delays and cost overruns, and a view that amphibious assaults have grown less effective.

U.N. Food Price Index Jumps in December

By WILLIAM NEUMAN
An index of key commodities rose 32 percent in six months, putting prices near the crisis levels that provoked shortages and riots in poor countries two years earlier.

Microlenders, Honored With Nobel, Are Struggling

By VIKAS BAJAJ
As with other initiatives meant to alleviate poverty on a large scale, turning rhetoric into success has been hard.
Prescriptions Blog

F.D.A. Orders Tobacco Industry to Disclose Ingredients

By DUFF WILSON
Part of the new federal law requires specific changes to be disclosed.
DealBook

Sears and Urban Outfitters Circle J. Crew

By MICHAEL J. DE LA MERCED
Rival retailers are said to be studying the preppy chain's books and considering whether to make a counterbid.

Wall Street rises on jump in private jobs number | Financial & Forex Info News | Daily Investor Update





FROM : REUTERS 


News



LATEST NEWS
Wall Street rises on jump in private jobs number
NEW YORK (Reuters) - Stocks advanced on Wednesday as a much stronger-than-expected rise in private sector employment boosted optimism about the outlook for the economy and stocks. | Full Article

Hiring surges in December, buoys economic outlook
January 05, 2011 03:26 PM ET
NEW YORK (Reuters) - The number of U.S. private-sector jobs surged in December at a rate three times stronger than forecast, a hiring report showed, the most bullish signal in months that a recovery in the world's biggest economy is shifting up a gear. | Full Article
Barclays wins dismissal of investor lawsuit
January 05, 2011 03:35 PM ET
NEW YORK (Reuters) - Barclays Plc won on Wednesday the dismissal of a lawsuit brought by U.S. investors who accused the British bank of failing to disclose and properly account for the risks in its real estate business. | Full Article
Toyota, Ford tied at top in U.S. perception survey
January 05, 2011 03:20 PM ET
DETROIT (Reuters) - Toyota Motor Corp, faltering from recalls, has fallen into a statistical tie with Ford Motor Co for tops in U.S. consumer brand perception, influential magazine Consumer Reports said on Wednesday. | Full Article
Oppenheimer loses $18 million raid claim against Citi
January 05, 2011 03:52 PM ET
NEW YORK (Reuters) - After almost eight years, Oppenheimer & Co has lost its battle to force Citigroup Inc to pay over $18 million for luring away nine of its top financial advisers. | Full Article



Flood disaster to cut GDP by $2.5bn. | Financial & Forex info news | The Australian Business Briefing

Financial & Forex Info News ( F & F I N )





Flood disaster to cut GDP by $2.5bn
Floods Andrew Main THE Queensland floods will hit the economy heavily, with Australia's gross domestic product set to fall by $2.5 billion.
 
Wall St buoyant on upbeat jobs data
Wall St UPDATED Jonathan Cheng US blue-chip stocks closed today with a third straight session of gains for the start of 2011 after encouraging data on the labour market.
 
Global food prices soar to record high
China Alex MacDonald Global food prices hit a record high in December and are likely to continue rising in the year head due to inclement weather.
 
Force majeure declared on Magellan
Magellan lead shed Andrea Hotter IVERNIA has declared force majeure on deliveries of lead to customers of its Magellan lead mine in Western Australia.
 
Floods wash away profits
floods wash away Matt Chambers THE impact of the Queensland floods on corporate Australia is starting to emerge with downgrades because of damage and mining problems.
 
M&A deals make a late dash
Westfield Tracy Lee DESPITE predictions that 2010 would herald a return to strong merger and acquisition deals, the ramp-up didn't come until the last quarter.
 
Garnaut in Swan's Reserve board mix
Ross Garnaut David Uren A SEAT on the Reserve Bank board may be the next government appointment awaiting climate change adviser and economist Ross Garnaut.
 
Australia faces fall in world rankings
Australian flag Florence Chong AUSTRALIA'S ranking among the top 30 economies will decline until 2050.
 
Financial Markets
Wall St buoyant on upbeat jobs data
Wall St UPDATED Jonathan Cheng US blue-chip stocks closed today with a third straight session of gains for the start of 2011 after encouraging data on the labour market.
 
Oil prices jump back above $US90
Gold falls as safe-haven shine dims
 
Financial Markets Coverage
 
Mining & Energy
Oil prices jump back above $US90
oil Dan Strumpf OIL prices finished higher today as US employers added more jobs, bolstering the view that the world's biggest economy is in recovery mode.
 
Gold falls as safe-haven shine dims
Floods to lift European steel prices
 
More Mining & Energy Coverage

Financial & Forex Info News : U.S. Mayor Stock Indexes At Close

Financial & Forex Info News

U. S. Markets At Close  4.00 p.m. E.S.T

Major Stock Indexes
    Last Change % Chg
DJIA* 11723.88   32.70   0.28
Nasdaq*   2702.20   20.95   0.78
S&P 500*   1276.60     6.40   0.50
DJ Total Stock Market* 13482.49   77.47   0.58
 
 
Source: The wall Street Journal























Gibbs tells staffers he is leaving White House | The Washington Post Afternoon Edition : Most Read articlles



1) Gibbs tells staffers he is leaving White House

Robert Gibbs told White House staffers Wednesday that he is leaving his post as President Obama's press secretary, ending a two-year tenure that made him the face of the White House as he sparred with reporters and defended administration policies.

2) In House, new Republican majority plans to act fast to undo Obama's agenda

Almost as soon as they take control of the House at noon Wednesday, Republicans will embark on a 20-day plan aimed at undoing major aspects of President Obama's agenda as they seek to take advantage of the weeks before the Senate's return and the president's State of the Union address.

3) New overtime rules for playoffs face their first test

This weekend's NFL playoff games will be the first in which the league's new postseason rules for overtime are eligible for use, and those on either side of the debate over the altered format admit they might not know how well it works until it's implemented.

4) Cleric Moqtada al-Sadr returns to Iraq after self-imposed exile

NAJAF, IRAQ - The anti-American Shiite cleric Moqtada al-Sadr made a surprise return to Iraq on Wednesday, ending four years of self-imposed exile in Iran and signaling the full rehabilitation of his Sadrist faction within Iraq's political process.

5) IRS's 'hard-core' collection tactics needlessly harm taxpayers, report says

The Internal Revenue Service's increasing use of "hard-core" collection tactics "is inflicting unnecessary harm on financially struggling taxpayers," an in-house critic at the IRS said Wednesday.

6) Sugar Bowl: How Ohio State won a bowl while losing respect

More mediocre teams than ever filling out too many bowl games for more than three weeks has turned college football's postseason into a blur for just about everyone but family, friends, alumni and NFL scouts.

7) Washington Redskins offseason: Upgrading the offense after likely departure of Donovan McNabb

As the Redskins look to upgrade their roster for 2011, they might not seek a massive overhaul of personnel as much as a strategic refinement. Despite the huge question at quarterback, Coach Mike Shanahan feels his offense is pointed in the right direction.

8) GOP congressional leaders are acting a lot like their predecessors

GOP class of 2010 and their leader Eric Cantor are acting a lot like their predecessors.

9) 112th Congress launched with prayer, ambitious promises

Day 1 of the 112th Congress began with prayers and lots of promises: to rein in the federal government, to repeal health care, to fix the economy, to work together - or not.

10) Corporate America, paving a downward economic slide

America, once the city on a hill, has a grim new reality.