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Jan 19, 2011

EBay Shares Jump as Results, Outlook Top Forecasts | CNBC Evening Briref


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CNBC 360 CNBC Exclusive: Carlos Slim
A Mexican magnate...a U.S. spending spree? See where the world's richest man is putting his money now. Should investors go along for the ride? Michelle Caruso Cabrera with Carlos Slim in a CNBC exclusive. Tomorrow on Squawk Box, 6:00-9:00am Eastern.
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7 ways inflation is hitting consumers | MarketWatch: Personal Finance Daily


Personal Finance Daily
JANUARY 19, 2011

Wednesday's Personal Finance Stories

By MarketWatch

Don't miss these top stories:
The consumer-price index for all items rose 1.5% in 2010, the Bureau of Labor Statistics says. But let your eye drop just a few lines down in their table, and a big 14% hike stands out. That's how much gas costs rose in 2010. Fuel-oil prices jumped almost 17%. Lump all energy costs together and you get an 8% hike in 2010 (a big increase, though not as steep as the 18% rise in 2009). See the most recent CPI data on

As Jennifer Waters notes in her column, consumers are paying more for a variety of goods. Read her story for more details. Plus, don't miss Chuck Jaffe's take on a new report that essentially finds that financial planners aren't professionals, and read Robert Powell's Your Portfolio for a look at where investors should focus their attention over the next decade.

Of course, the reason why inflation overall is low is because some prices are falling: electronic gadgets and new cars, for instance. All the things that, much as we may love them, most of us don't really need.

Andrea Coombes , Personal Finance editor


The 7 ways inflation is hitting consumers

The consumer is facing higher prices in 2011 — and that may well stall the economy's rebound.
Read more: The 7 ways inflation is hitting consumers.


Pre-existing conditions strike at heart of health-reform debate

Many of us have some kind of health imperfection lurking in our medical records that could render us uninsurable in today's individual insurance market or at least mark us for high premium rates — that is, if we ended up without a job and the accompanying employer-sponsored group coverage that generally doesn't make a practice of disqualifying people for such issues.
Read more: Pre-existing conditions strike at heart of health-reform debate.

Repeal of Obama health law heads for House vote

As House Republicans move toward conducting a planned vote on repealing President Barack Obama's health-care law later Wednesday, the effort to overturn it appears almost certain to die in the Senate.
Read more: Repeal of Obama health law heads for House vote.


America's top 2011 showcase home in pictures

The New American Home 2011 in Orlando, Fla., is a national showcase of design and products that give home builders across the country ideas they can emulate in their own markets.
See slide show: America's top 2011 showcase home.

U.S. home construction falls in December

Construction of housing units drops 4.3% in December to annualized rate of 529,000, as 2010 ends as the second worst year for builders in modern times.
Read more: U.S.. home construction falls in December.

Home building remains very depressed

December data on housing were split, with starts down and permits higher, but they don't change the conclusion that home building is still depressed.
Read more: Home building remains very depressed.


Obama challenges GOP with review of federal regulations

The president's order to review and reduce federal regulations marks a hopeful debut for his new White House advisers and throws down a gauntlet to Republicans to do their own bit to support industry.
Read more: Obama challenges GOP with review of federal regs.

Obama trumpets trade as no yuan deal reached

Barack Obama and President Hu Jintao of China trumpeted cooperation between the world's largest and second-largest economies after meeting at the White House Wednesday, even as the U.S. president pressed his counterpart on the value of the Chinese currency and said that differences about human rights caused occasional friction.
Read more: Obama trumpets trade as no yuan deal reached.

Obama, Hu start meeting that will include CEOs

The president formally welcomes Hu Jintao to the White House as a host of corporate chieftains prepare to meet American and Chinese leaders.
Read more: Obama, Hu start meeting that will include CEOs.

FDIC's Bair looking at bank fund for harmed borrowers

Troubled borrowers who have wrongly suffered foreclosure through errors by bank servicers should be able to seek remedies at a foreclosure-claims commission funded by the industry, a top regulator says.
Read more: FDIC's Blair looking at bank fund for harmed borrowers.


‘American Idol' is back, but vulnerable

‘American Idol,' TV's ratings leader for six years, won't be the same show when it returns Jan. 19. That is shaking up the network landscape for 2011.
Read more: ‘American Idol' is back, but vulnerable.


Where to invest over the next 10 years

The experts are making their predictions for the coming decade — 2011 to 2020 — and it's starting to look like playing the lottery might prove a better bet than investing in stocks and bonds.
Read more: Where to invest over the next 10 years.

Are you a secret Apple stockholder?

If you're like most Americans, you probably figure the news about Steve Jobs and Apple Inc. (AAPL) doesn't affect you directly. Think again.
Read more: Are you a secret Apple stockholder?

GAO report finds ‘financial planners' aren't pros

General Accounting Office punts on chance to upgrade standards for financial-planning industry.
Read more: GAO report finds ‘financial planners' aren't pros.

Contrarian analysis bearish on bonds

The typical pattern is for sentiment to rise and fall in lockstep with the market itself. But try telling that to the bond market over the last two months, during which time the bond market fell markedly and bond sentiment nevertheless became more bullish.
Read more: Contrarian analysis bearish on bonds.

Steve Jobs and the miracle of Cupertino

Concern over Steve Jobs's health hangs over stellar quarterly results.
Read more: Steve Jobs and the miracle of Cupertino.


Starbucks trades java for an iPhone swipe

In Starbucks Corp.'s (SBUX) dynamic world, the future lies in buying coffee by swiping an iPhone or another smartphone.
Read more: Starbucks trades java for an iPhone swipe.


South Sudan's future lies outside Mideast

While the world was following political dramas elsewhere in its most restless region, the Middle East gave birth to a new country: South Sudan. But the new nation is more African than Middle Eastern and should bear this in mind as it develops an economic strategy.
Read more: South Sudan's future lies outside Mideast.



Mining Interactive: Tasman - Nora Karr Rare Earth Project in Sweden Phase 3 Drilling Begins

January 19, 2011


TSXv - TSM; Frankfurt - T61 (WKN A0Y GN1); Pinksheets – TASXF

"The Tasman Metals Rare Earth Story"

  • Approximately 3500m of drilling is anticipated to take 3 months, and is designed to infill drill section spacing to 100m, with an objective to increasing confidence in the Mineral Resource to Indicated status;
  • A program of metallurgical testwork is now underway with SGS Mineral Services (Canada). Additional core sample suitable for future metallurgical testwork will also be collected in the current program;
  • The recently completed independent NI43-101 report using a base case TREO (total rare earth oxide) cut off of 0.4% aws estimated an Inferred Mineral Resource of 60.5 million tonnes grading 0.54% TREO and 1.72% ZrO2 (zirconium oxide), with 53.7% of the TREO (total rare earth oxide) being the higher value HREO (heavy rare earth oxide). The resource was shown to be unusually low in radioactive metals relative to peer projects.

Mark Saxon, Tasman Metals President & CEO: “2010 was a busy first year for Tasman, with many milestones achieved, in particular the drilling and resource estimation for our Norra Karr project.
In 2011, Norra Karr will move through the next stages of development, with additional drilling, a resource update, further rounds of metallurgical testing and a scoping study.  In addition to our work at Norra Karr, we will accelerate work on other projects within our extensive Scandinavian REE portfolio. With more than CA$12 million in cash the Company is well financed to achieve these short to medium term goals” 

Read the full Tasman news release here
Dear Friends:

Tasman’s exploration and Management team is going full speed ahead at this well located Norra Karr project in Strategic Metal starved Europe.

It is well worthwhile reading the full Press Release outlining the range of features that this Norra Karr project in Sweden demonstrates to facilitate potential near term development.
Stay Tuned - - for the next Chapter in the Tasman Metals Heavy Rare Earth Story!!!
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Acronyms used:
REE rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE light rare earth elements, lanthanum to samarium by atomic weight
HREE heavy rare earth elements, europium to lutetium plus yttrium
TREO rare earth elements, calculated as oxides, including lanthanum to
            lutetium plus yttrium
HREO heavy rare earth elements, as per HREE above, calculated as oxides
LREO light rare earth elements, as per LREE above, calculated as oxides

MiningInteractive Videos
View Here
Stay tuned for the most recent updates on Tasman Metals and other leading mining companies through the MiningInteractive Video Interviews.
Nick L. Nicolaas
(604) 657-4058

Financial & Forex Info News | KITCO New York Metal Market Close

New York Market Close Jan 19/11 05:20 PM EST

Stocks Drop From Multi-Year Highs Amid Profit Taking - U.S. Commentary | RTTNews Evening Market Wrap

Evening Market Wrap Wed Jan 19  2011


Jan 19, 2011 Stocks Drop From Multi-Year Highs Amid Profit Taking - U.S. Commentary Stocks saw heavy selling on Wednesday, with traders cashing in on recent strength following the multi-year highs that were set in the previous session. The pullback also came on the heels of a much sharper than expected drop in housing starts. Full Article

Economic News

Jan 19, 2011 U.S. Housing Starts Fall To Lowest Level In Over A Year While the Commerce Department released a report on Wednesday showing a steeper than expected drop in housing starts in the month of December, the report also showed a much bigger than expected increase in building permits. With the bigger than expected drop, housing starts fell to their lowest level since a matching rate in October of 2009 and are just 10.9 percent above the record low set in April of 2009. Full Article

Forex Top Story

Jan 19, 2011 Dollar Pinched By Rising Euro WednesdayThe dollar was mixed on Wednesday, losing further ground against the euro and yen while rebounding back toward parity versus its Canadian counterpart. Fears of a full-blown European sovereign debt crisis have abated following satisfactory bond offerings from Spain and Portugal, giving the euro a significant boost this week. Full Article

Political News

Jan 19, 2011 Sen. Lieberman To Retire At End Of Current TermConnecticut Senator Joe Lieberman, I-Conn., Wednesday became the latest Senator to announce that he will not run for re-election in 2012, with the move signaling an end to a political career that had become increasingly tumultuous over the past decade. Lieberman, who went from being the Democratic vice presidential nominee in 2000 to running as an Independent after losing the Democratic Senate primary in 2006, said he plans to retire from the Senate at the end of his fourth term. Full Article
Jan 19, 2011 Poll Shows Jury Is Out On New Ohio GovernorOhio voters are largely undecided regarding the way John Kasich is handling his new job as Governor, the results of a Quinnipiac University poll revealed on Wednesday, although most voters are optimistic about the next four years. Full Article
Jan 19, 2011 Reid Calls Health Care Repeal Vote "Partisan Grandstanding"With the House set to vote on a measure to repeal the health care reform law later on Wednesday, Senate Majority Leader Harry Reid, D-Nev., released a statement calling the move "partisan grandstanding." Republicans and Democrats in the House are currently debating the measure to repeal the health care law, which was passed last March, with a vote on the measure expected to take place at around 5:30 pm ET. Full Article

Stocks To Watch

Jan 19, 2011 Health Is Wealth...This China-based medical devices maker has nearly doubled its revenues in the past three years, and seems positioned to benefit from China's increased health care spending. Growing product offerings a Full Article

NYT : Afternoon Business News | Goldman Quarterly Profit Drops 53%


Chiesi Pleads Guilty in Galleon Insider Case

The plea comes just weeks before the trial of Raj Rajaratnam, the founder of the Galleon Group hedge fund.

Goldman Quarterly Profit Drops 53%

Goldman Sachs experienced a slowdown in many divisions, and quarterly earnings fell 53 percent, to $2.39 billion, or $3.79 a share.

Wells Fargo Fourth-Quarter Profit Rises 21%

An improving loan portfolio bolstered the results at the big consumer bank.

E.U. Closes Emissions Trading System After Thefts by Hackers

The system, used by companies to trade credits for greenhouse gas emissions, will be closed until at least Jan. 26, the European Commission said.

Greece Debt Buyback Has Its Supporters

Greece and Germany denied that such a plan existed, but analysts supported the idea of Greece buying back its bonds on the open market.

Wall St has worst drop in 2 months on banks, tech | Financial & Forex Info News | Reuters - Daily Investor Update

Financial And Forex Info News

From: Reuters- Daily Investor Update

Wall St has worst drop in 2 months on banks, tech
NEW YORK (Reuters) - The S&P 500 suffered its biggest decline in nearly two months on Wednesday as disappointing results from Goldman Sachs and Wells Fargo put a damper on the rally. | Full Article

EBay revenue up 5 percent, net income down
January 19, 2011 04:37 PM ET
SAN FRANCISCO (Reuters) - Online marketplace eBay Inc beat Wall Street profit estimates on Wednesday for its holiday fourth quarter, helped by a big boost in its marketplaces division. | Full Article
Goldman profit slides as bond trading wilts
January 19, 2011 04:35 PM ET
NEW YORK (Reuters) - Goldman Sachs Group Inc posted a 53 percent decline in fourth-quarter profit as trading revenue tumbled, dashing hopes that the Wall Street bank had bucked a tough trading climate in debt markets. | Full Article
U.S. and China reach $45 billion in export deals
January 19, 2011 02:53 PM ET
WASHINGTON (Reuters) - The United States and China reached agreement on export deals worth $45 billion including a major contract with Boeing, the White House said on Wednesday at the formal start of Chinese President Hu Jintao's state visit. | Full Article
Wells, U.S. Bancorp profits up, margins squeezed
January 19, 2011 01:57 PM ET
CHARLOTTE, North Carolina (Reuters) - Wells Fargo & Co and U.S. Bancorp said low interest rates were squeezing lending profits, but improving credit quality helped both banks post higher fourth-quarter earnings. | Full Article

Top banks like super HIV/AIDS spreaders | Financial & Forex Info News | The Australian Business Briefing

Top banks like super HIV/AIDS spreaders
GFC, Lehman, Bear Sterns, Merrill, Fannie, Freddie Patrick Hosking THE world's top banks were today likened to "super-spreaders" of infectious diseases - like HIV/AIDS - that needed to be controlled further.
Temasek jumps ship on Fortescue
Fortescue Andrew Main SINGAPOREAN sovereign wealth fund Temasek last night triggered a shake-up in the ownership structure of Fortescue Metals Group.
Gold takes on lustre as greenback falls
Gold Matt Whittaker GOLD futures gained overnight as investors wanted an alternative to the US dollar.
Alcatel glitch an NBN worry
National Broadband Network NBN EXCLUSIVE: Mitchell Bingemann A KEY supplier to the $36 billion National Broadband Network is on the verge of being ejected from Singapore's equivalent project.
Morris takes a step back
morris takes Richard Gluyas THE first chapter of an Australian success story comes to a close.
Mosaic doesn't add up for BHP
bhp Matt Chambers US fertiliser giant Mosaic has been touted as a potential $40 billion takeover target for BHP Billiton following the carefully planned exit of major shareholder Cargill.
China's Regent set for $300m BC Iron bid
BC Iron Sarah-Jane Tasker BC Iron is the latest Australian miner to be targeted by a Chinese suitor, with Regent Pacific Group expected to launch a bid  today.
Investors line up for Burrup Fertilisers
Pankaj Oswal Andrew Burrell MORE than 20 potential global investors  have made "serious inquiries" about buying Pilbara ammonia producer Burrup Fertilisers.
Financial Markets
Oil falls as Cushing stockpile builds
oil Jerry A. DiColo CRUDE futures fell, hurt by overnight concerns about rising supplies ahead of key government data on US inventories.
Gold takes on lustre as greenback falls
Offshore gains drive bourse
Financial Markets Coverage
Mining & Energy
Oil falls as Cushing stockpile builds
oil Jerry A. DiColo CRUDE futures fell, hurt by overnight concerns about rising supplies ahead of key government data on US inventories.
Gold takes on lustre as greenback falls
Junior deal has big aspirations
More Mining & Energy Coverage

Surplus pressure grows on Gillard | Financial & Forex Info News | The Australian Capital Circle

Financial & Forex Info News

Capital Circle Newsletter

Surplus pressure grows on Gillard
Will the PM break her surplus promise to help rebuild Queensland?

The PM's day, per the press office: Prime Minister Julia Gillard is in Canberra. She does not have a press conference scheduled at this stage. Treasurer Wayne Swan is holding meetings in the capital today. Foreign Minister Kevin Rudd is in Melbourne to meet with the Indian Minister for External Affairs, Shri S.M Krishna.
Pollies perks and pay: Whatever happened to the Belcher Review of pollies pay? Special Minister of State Gary Gray promised to release the report - and the government's response to it - by the end of last year. Capital Circle hears the report was last seen heading towards a cabinet sub-committee.
Capital Circle hopes that Sports Minister Mark Arbib had been briefed that there are 18 players in an AFL team before he announced his government's 2011 Learn. Earn. Legend! partnership with Swans Co-Captain Adam Goodes. Senator Arbib was caught out on the figure in an appearance on Q&A last year.
Context is everything: The first 11 pages of today's Courier-Mail are devoted to the floods. The newspaper's website is leading with a map that shows who is back in business.
***Sign up for Capital Circle - all the news that's fit to email***
Driving the day: PM Gillard is under increasing pressure to put off her pledge to return to surplus in 2012-13. Tony Abbott has called for her to scrap the NBN - a suggestion rejected by Labor. ACTU boss Ged Kearney told ABC this morning Ms Gillard should put off the surplus. And as Clancy Yeates writes, most economists are "were doubtful the government could achieve this [surplus], but they said this was a secondary concern to the economy''.
Flood watch: VICTORIA'S flood disaster will cost the state hundreds of millions of dollars, delivering a second crippling blow to the country's economy in weeks, after rampant floodwaters devastated the state's farming sector and rural in

Google enters Iranian market with software | MarketWatch | Industry Internet


Google enters Iranian market with software

By John Letzing MarketWatch

Google Inc. says it’s making its software available in Iran for the first time, in a move the company says is aimed at expanding individual freedoms in the Persian Gulf nation. 



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Yes, repeal health-care reform -- on one condition | The Washington Post Today's Most Read Articles

Washington Post

1) Yes, repeal health-care reform -- on one condition

Fine. I'm willing to repeal Obamacare. On one condition.

2) Health care debate: Tastes great, less killing

Impressively, the new House majority fired shots at the health-care bill without uttering 'kill.'

3) Murdoch's Fox propagandists, degrading journalism

Has the Fox News tycoon who degraded journalism found a way to save it?

4) Parenting question: Be a tiger mother, or cheer the B-minus?

Intervening in your child's life too much is a lot less risky than intervening too little.

5) Sargent Shriver's life of grace

Sargent Shriver was a pole removed from the grip-and-grin fakeries of politics.

6) Reversing 'Citizens United'

Can American democracy itself can beat back a corporate takeover?

7) Palin's egocentric umbrage

The way she portrayed herself as a martyr reminded me of Eva Peron.

8) Mr. Obama, speak up for human rights in China

Pressing Chinese leaders to take a democratic path is in the interest of all humanity.

9) Editorial: High court should rule against AT&T's 'personal privacy' request

IF CORPORATIONS must be treated as "persons" for the purpose of campaign contributions - as the Supreme Court mandated last year in the infamous Citizens United decision - why shouldn't they also enjoy "personal privacy"?

10) Reversing 'Citizens United'

It will be a year this week since Chief Justice John Roberts and his conservative activist colleagues on the Supreme Court joined together in a dramatic assault on American democracy. Their decision in the Citizens United case overturned more than a century's worth of precedent by awarding corpor...

Updated Guidance Regarding the Sharing of Suspicious Activity Reports with Affiliates, and an Advisory on Maintaining Suspicious Activity Report Confidentiality | NFA