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Jan 24, 2011

Steady rise in yuan seen after unit climbs to record | FInancial & Forex Info News | The Standard

FINANCIAL & FOREX INFO NEWS








Cheung Kong seeks $30b flat sales Cheung Kong (Holdings) (0001) hopes to gross around HK$30 billion this year by launching up to 11 residential projects in Hong Kong, Singapore and three mainland cities.








25/ 01/ 2011
Steady rise in yuan seen after unit climbs to record
Aluminum firm sets sights on $17.2b
CRE and Kirin forge drinks venture
A powerful lesson in making the right call
Mortgages feel bite of curbs
Budget surplus forecast to hit $60b
Cheung Kong seeks $30b flat sales
Banks lending targets diverge
China faces tough fight tempering inflation

24/ 01/ 2011
Beyond the yuan lies rough terrain
Reserves hike leaves banks feeling the pinch
Flat launches expected to boost market
Loaded week seen brewing trouble
More cities face home price curbs
Unicom in step with Spanish giant
ICBC lifts presence with US$140m push
Hopes of US recovery point way
Obama vows action on jobs, deficit

More Debt wont Fix Anything /When , Gold is Politically Correct?/ Bank of Russia Says it's buying only domestic gold | GATA - THE GATA DISPATCHES

More spectacular debt won't fix anything, Agnico CEO tells King World News

5:05p PT Monday, January 24, 2011
Dear Friend of GATA and Gold (and Silver):
Interviewed today by Eric King of King World News, Agnico-Eagle CEO Sean Boyd remarks that confidence in the world economy is misplaced and more spectacular debt creation won't fix anything. Boyd sees gold rising to $2,000 this year. You can find excerpts from the interview at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/24_Ag...
Or try this abbreviated link:
http://tinyurl.com/66vvkc6
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Mike Kosares: How gold became politically correct

4:55p PT Saturday, January 21, 2011
Dear Friend of GATA and Gold:
In commentary published today Mike Kosares of Centennial Precious Metals in Denver reviews the growing favor bestowed on returning gold to a central place in the world financial system. Kosares' essay is headlined "How Gold Became Politically Correct" and you can find it at Centennial's Internet site, USAGold, here:
http://www.usagold.com/amk/newsletter0211.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Bank of Russia says it's buying only domestic gold

 

4:43p PT Monday, January 24, 2011
Dear Friend of GATA and Gold:
The report from the ITAR-TASS news agency in Russia appended here seems notable for quoting the Bank of Russia as saying that it is buying gold only on the domestic market, and from Russian bullion banks, rather than on international markets as well, a change of the position articulated in 2005 by Russia's then-president, Vladimir Putin, now Russia's prime minister, who said then that the bank would be buying gold on all markets.
Of course this policy of buying only domestic production rather than messing up the Western paper gold markets seems to be China's policy as well.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Central Bank Plans to Buy Over 100 Tons of Gold Every Year
From ITAR-TASS, Moscow
Monday, January 24, 2011
http://www.itar-tass.com/eng/level2.html?NewsID=15884581&PageNum=0
MOSCOW -- The Central Bank of Russia plans to buy more than 100 tonnes of gold to renew the country's gold and foreign exchange reserves (or international reserve assets) every year, the bank's first deputy chairman, Georgy Luntovsky, told reporters on Monday, giving no details pertaining to the terms.
Earlier, in an interview to the Prime Tass economic news agency, the first Deputy chairman of the bank, Alexei Ulyukayev, said the central bank would increase the share of gold in the national reserves.
In the middle of October 2010, the bank's director of the financial operations, Sergei Shvetsov, said the bank did not import gold in 2010. The bank buys gold on the domestic market, in Russian banks.
According to the central bank, the reserves of gold in the Russian international reserve assets increased by 23.9 percent (152.4 tonnes) in 2010 to reach 25.4 million net troy ounces (790 tonnes) as of January 1, 2011, Prime Tass said.
As of January 1, 2009, the amount of monetary gold in Russia's international reserves was at 16.4 million ounces (510.1 tonnes), the economic news agency said.
In 2009, the central bank's gold reserves increased by 4.1 million ounces (127.5 tonnes) to reach 20.5 million ounces (637.6 tonnes) as of January 1, 2010, Prime Tass said.
Join GATA here:
Cheviot Asset Management Sound Money Conference
Guildhall, London
Thursday, January 27, 2011

http://www.gata.org/files/CheviotSoundMoneyConferenceInvite.pdf

Phoenix Investment Conference and Silver Summit
Renaissance Glendale Hotel and Spa
Friday-Saturday, February 18-19, 2011
Glendale, Arizona

http://cambridgehouse3.com/conference-details/phoenix-investment-confere...

Stingy shoppers whack Woolies | Financial & Forex Info News | The Australian Business Briefing.

FINANCIAL & FOREX INFO NEWS








US stocks jump as Alcoa, Intel fire up
Wall Street, New York Stock Exchange, US sharemarket, US stocks, bull, silver bull Donna Kardos Yesalavich WALL Street jumped today on rising optimism for US earnings results and an expected pro-business State of the Union address by Barack Obama.
 
Stingy shoppers whack Woolies
stingy shoppers Nabila Ahmed WOOLWORTHS boss Michael Luscombe says it could take six months for consumer spending to return to normal.
 
Chevron signs LNG deal with Kyushu
LNG Andrew Burrell CHEVRON has signed a multi-billion-dollar binding contract with Japan's Kyushu Electric to supply LNG from its $43 billion Gorgon projects.
 
Copper rallies, tin hits record
tin COPPER rose for a second consecutive day and tin prices notched a record high today as supply-side constraints reinforced a bullish outlook.
 
No bid to rival Rio, says Riversdale
Riversdale Sarah-Jane Tasker TAKEOVER target Riversdale Mining has revealed it has not been approached by rival bidders to trump Rio Tinto's $3.9 billion bid.
 
Downer on the rails over Waratah
PN 75 IMG Generic Business Rail Corp Sarah-Jane Tasker DOWNER EDI's bad run continues amid a trading halt ahead of news over its troubled NSW Waratah trains contract.
 
Analysts put QR on hold for now
QR National Michael Bennet QR National has received a subdued assessment on several fronts, including the Queensland floods.
 
Women groomed for smashing glass ceilings
People Teresa Ooi SEVENTY women have been picked for training as directors.
 
Financial Markets
Copper rallies, tin hits record
tin COPPER rose for a second consecutive day and tin prices notched a record high today as supply-side constraints reinforced a bullish outlook.
 
Oil slumps as Saudis imply output hike
US stocks jump as Alcoa, Intel fire up
 
Financial Markets Coverage
 
Mining & Energy
Copper rallies, tin hits record
tin COPPER rose for a second consecutive day and tin prices notched a record high today as supply-side constraints reinforced a bullish outlook.
 
Oil slumps as Saudis imply output hike
Karoon Gas falls on drill scrutiny
 
More Mining & Energy Coverage



American Express 4th-quarter revenue rises 13 percent | Financial & Forex Info News | Reuters Daily Investor Update

FINANCIAL & FOREX INFO NEWS



FROM: REUTERS - DAILY MARKET UPDATE


LATEST NEWS
Wall Street gains on renewed earnings optimism
NEW YORK (Reuters) - Wall Street resumed its rally on Monday, led by natural resources and tech shares as investors saw stocks regaining momentum lost late last week. | Full Article

American Express 4th-quarter revenue rises 13 percent
January 24, 2011 04:26 PM ET
NEW YORK (Reuters) - American Express Co said fourth-quarter revenue grew 13 percent from a year earlier, as consumer spending increased and the company earned more from fees. | Full Article
Treasury's toxic asset funds gain 27 percent
January 24, 2011 08:39 AM ET
WASHINGTON (Reuters) - The U.S. Treasury's toxic asset funds have gained 27 percent since they were created to help revive the mortgage-backed securities market, according to data expected to be released later on Monday. | Full Article
Intel boosts buyback funds as shares underperform
January 24, 2011 02:19 PM ET
SAN FRANCISCO (Reuters) - Intel Corp authorized another $10 billion to buy back its shares, which have been under pressure in recent months from concerns that the giant chipmaker is falling behind in the exploding mobile market. | Full Article
McDonald's likely to raise prices in 2011
January 24, 2011 01:38 PM ET
LOS ANGELES (Reuters) - McDonald's Corp said it would selectively increase menu prices this year to help offset an expected rise in its own grocery bill for the 10 commodities that account for around 75 percent of its food preparation costs. | Full Article

Stocks Post Notable Gains Amid Dollar Weakness - U.S. Commentary | RTTNews Evening Market Wrap

Evening Market Wrap Mon Jan 24  2011

Commentary

Jan 24, 2011 Stocks Post Notable Gains Amid Dollar Weakness - U.S. Commentary Stocks saw sizable gains to open the week on Monday, with dollar weakness and rate hike chatter outside of the U.S. driving buying interest. The markets also digested a fresh mix of earnings news from the likes of McDonald's (MCD) and Halliburton (HAL) which helped to drive individual stock movement on the day. Full Article

Corporate News

Jan 24, 2011 Google Grants $100 Mln Equity Award To Outgoing CEOGoogle Inc. (GOOG) said Monday that it has approved equity awards worth $100 million to outgoing chief executive officer Eric Schmidt. The Internet search giant, in an unexpected management shake-up last Thursday, appointed co-founder Larry Page as CEO, replacing Schmidt. Schmidt, aged 55 years, will assume the role of Google's executive chairman in April, focusing externally on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership. Full Article
Jan 24, 2011 McDonald's Profit RisesFast food giant McDonald's Corp. (MCD) reported Monday a higher profit for the fourth quarter, as restaurant modernization and menu innovation boosted comparable sales in all its regions. For January, the company projects comparable sales growth between 4 and 5 percent. The Oak Brook, Illinois-based hamburger chain's fourth-quarter net income grew 2 percent to $1.24 billion. On a per-share basis, earnings rose 5 percent to $1.16 from $1.11 a year ago, but was lower than $1.29 per share earned in the preceding third quarter. Full Article
Jan 24, 2011 RadioShack CEO Julian Day To RetireConsumer electronics retailer RadioShack Corp. (RSH) Monday said Julian Day is planning to retire as the company's chairman, chief executive officer and a director, effective May 16. The board has named chief financial officer Jim Gooch as president, effective immediately. Gooch will become the chief executive officer and a director upon Day's retirement. Full Article
Jan 24, 2011 Halliburton Profit Surges, Tops ViewOilfield services provider Halliburton Co. (HAL) reported Monday a sharp year-over-year increase in profit for the fourth quarter, driven by continued strong demand in North America, as well as marginal growth in the international market. Both earnings per share from continuing operations and quarterly revenues came in above analysts' expectations. Despite the expected seasonal decline in software and direct sales in the first quarter, the company expects activity increases to continue. Full Article
Jan 24, 2011 JC Penney To Close Unprofitable StoresDepartment store retailer J. C. Penney Company, Inc. (JCP) Monday announced plans to close certain underperforming store locations, wind down its catalog and outlet operations, and streamline its call center operations and custom decorating business. The retailer will begin these actions in 2011. Separately, the company announced the appointment of William Ackman of Pershing Square Capital and Steven Roth of Vornado Realty Trust to its board of directors. Full Article

NYT: Afternoon Business News.-Russia, Facing Budget Gap, Seeks Foreign Capital



BUSINESS

States Help Ex-Prisoners Find Jobs

By STEVEN GREENHOUSE
Advocates say it's cheaper to try to prevent ex-convicts from resorting to crime than to lock up repeat offenders.

Russia, Facing Budget Gap, Seeks Foreign Capital

By ANDREW E. KRAMER
Moscow is hoping to attract foreign investors to buy billions in bonds and stakes of state-owned companies.
DealBook

J.C. Penney Gives Board Seats to Roth and Ackman

By MICHAEL J. DE LA MERCED
The retailer named William A. Ackman of Pershing Square Capital Management and Steven Roth of the Vornado Realty Trust to its board. It also plans to close several stores.
Media Decoder Blog

Google and Mozilla Announce New Privacy Features

By TANZINA VEGA
Mozilla and Google said that they plan to provide browser features that will allow users to opt-out of being tracked by third-party advertisers online.

Tighter Fiscal Union in Europe? Not So Fast, Says French Finance Minister

By MATTHEW SALTMARSH
Christine Lagarde said that the euro zone was discussing how to support weaker countries but that the final decisions would not come before March.

Even health-care jobs can be tough to find | MarketWatch - Personal Finance Daily

MarketWatch
Personal Finance Daily
JANUARY 24, 2011

Monday's Personal Finance Stories

By MarketWatch



Don't miss these top stories:

Plenty of people are flocking to nursing schools around the country (my daughter included) driven, at least partly by the fact that health care is often heralded as a growth sector. Think again.

As Kristen Gerencher notes in her Vital Signs column today, those health-care jobs may not be as widespread as you think, and your success at landing one may depend in large part on where you're searching (for instance, if you're in Florida, don't worry), and what type of health-care work you're capable of doing.

Also, don't miss Jennifer Waters's Consumer Confidential column to find out eight ways your credit-card terms, and perks, may change this year.

Andrea Coombes , Personal Finance editor

Even health-care jobs can be tough to find

It's still a good time to look for work in health care, one of the most reliable job generators through the lengthy recession. But job seekers may be surprised to find fewer opportunities and longer job searches than they anticipated.
Read more: Even health-care jobs can be tough to find.


SPENDING & SAVING

Eight credit-card changes to watch for

From higher interest rates to more cash-back rewards, credit-card issuers are retooling their offerings — and consumers should stay informed.
Read more: Eight credit-card changes to watch for.


Commodities prices are hitting your wallet

It's getting pricier to throw some ribs and burgers on the grill. And you can blame the surging price of corn.
Read more: Commodities prices are hitting your wallet.


Car Review: 2011 Lexus IS F

The IS F is the most fun you can have in a Lexus, falling short of only the LFA.
Read review of the 2011 Lexus IS F.


TAXES

The IRS targets income tricks

There's a saying: Pigs get fed and hogs get slaughtered. The Internal Revenue Service surely hopes that includes tax hogs.
Read more: The IRS targets income tricks.


10 ways to avoid a tax audit

While you can never completely "audit-proof" your business's income tax return, you can take actions that will greatly reduce your chances of being flagged. Here are 10 ways to avoid a tax audit.
Read more: 10 ways to avoid a tax audit.


INVESTING

Three big tech stocks that demand caution

While many stock investors are bullish on technology as a whole, some of its high-profile leaders could become high-stakes losers.
Read more: Three big tech stocks that demand caution.


Dancing with the mutual-fund stars

The search for the "next great mutual-fund manager" is a never-ending reality show that periodically should get investors excited.
Read more: Dancing with the mutual-fund stars.


Small-cap ETFs tax investors with big losses

Exchange-traded funds that target U.S. small-capitalization stocks have ceded market leadership to blue chips so far this year.
Read more:Small-cap ETFs tax investors with big losses.


Commodities investors favor mutual funds over ETFs

Mutual funds, not ETFs, are the overwhelming choice for investors looking for broad commodities exposure.
Read more: Commodities investors favor mutual funds over ETFs.


Top stocks for agricultural inflation

While many of us here in the United States are focusing on economic recovery, much of the rest of the world is concerned about more basic needs — like food.
Read more: Top stocks for agricultural inflation.


ECONOMY & POLITICS

Fed's first 2011 meeting may go without dissent

After six months of very public squabbling over the course of monetary policy, the Fed's first meeting of 2011 is expected to be the model of civility. No rate change is expected and the Fed isn't likely to tinker with its $600 billion bond buying plan.
Read more: Fed's first 2011 meeting may go without dissent.


U.S. liquor business grew 2% in 2010

The liquor business returned to growth last year, albeit at a lower rate than pre-recession levels, the industry's main trade association said Monday.
Read more: U.S. liquor business grew 2% in 2010.


Fannie-Freddie report likely to be late

The Obama administration is likely to miss a deadline for issuing a long-awaited report about the future of mortgage giants Fannie Mae and Freddie Mac, and what might replace them.
Read more: Fannie-Freddie report likely to be late.


Thousands of post offices face closure

The postal service's latest cost-cutting program will result in the closure of as many as 2,000 post offices around the country.
Watch video: Thousands of post offices face closure.


INTERNATIONAL

Deadly explosion shakes Moscow airport

Suicide bomber kills at least 31, injures more than 100 at Moscow's busiest airport on Monday, according to media reports.
Read more: Deadly explosion shakes Moscow airport.


Irish bonds see modest pressure amid turmoil

Irish government bond yields rise slightly, a day after Ireland's Green Party pulls out of the government, hastening elections that had been set for March.
Read more: Irish bonds see modest pressure amid turmoil.

Reducing the deficit and growing the economy will be the hot topics in 2011 | The Washington Post Afternoon Edition- Today's Most Read articles

Washington Post

1) Moscow airport blast kills at least 35

MOSCOW - An explosion at an unsecured section of Domodedovo Airport, on the southeast outskirts of Moscow, killed 29 people in a waiting area for arriving passengers Monday afternoon, in what appears to be a terrorist attack.

2) Health-care law: Arizona tries new approach to get by federal Medicaid rules

Republican efforts to repeal or limit the reach of the new health-care law took a new direction last week when Arizona lawmakers approved a novel and controversial attempt to cut Medicaid for 280,000 of the state's poor.

3) N.Y. Muslims fear congressman's hearings could flame Islamophobia

The House hearings on alleged hidden radicalism, scheduled to begin next month, have touched off a wave of panic throughout the U.S. Muslim community, which has spent much of the past year battling what it sees as a rising tide of Islamophobia.

4) Domestic use of aerial drones by law enforcement likely to prompt privacy debate

AUSTIN - The suspect's house, just west of this city, sat on a hilltop at the end of a steep, exposed driveway. Agents with the Texas Department of Public Safety believed the man inside had a large stash of drugs and a cache of weapons, including high-caliber rifles.

5) Supreme Court says fiance of complaining worker protected from retaliation

A unanimous Supreme Court ruled Monday that a man who was fired after his fiancee filed a complaint against their mutual employer may sue for illegal retaliation.

6) Reducing the deficit and growing the economy will be the hot topics in 2011

The debate that will define this year and is likely to set the terms for the 2012 elections began in earnest over the weekend, with President Obama and Republican leaders presenting competing visions for reducing the deficit and expanding the economy.

7) 2011 AFC championship: Steelers' play spoke louder than the Jets ever did

All season the Jets had been the most noisome team in the league. But it's pretty hard to talk when you're getting blasted off the ball and knocked tumbling backwards on to your butt.

8) Keith Olbermann exits MSNBC reasons why remain elusive

Keith Olbermann has left MSNBC. As Paul Farhi reported:

9) Economic policy that's stuck in reverse

We are headed toward a deficit cliff, yet the president hits the accelerator.

10) I'm declaring February a Palin-free month. Join me!

US Stocks Open Higher and try to remain up | MarketWatch Pulse




Jan. 24, 2011, 9:37 a.m. EST

U.S. stocks try to remain up after tepid start

By : Kate Gibson





NEW YORK (MarketWatch) -- U.S. stocks on Monday struggled to retain mild opening gains as investors digested quarterly earnings from fast-food giant McDonald's Corp. /quotes/comstock/13*!mcd/quotes/nls/mcd (MCD 74.51, -0.50, -0.67%) and others. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 11,906, +33.98, +0.29%) rose 13.85 points to 11,885.69. The Standard & Poor's 500 Index /quotes/comstock/21z!i1:in\x (SPX 1,284, +0.79, +0.06%) was up nearly 1 point at 1,284.30, while the Nasdaq Composite /quotes/comstock/10y!i:comp (COMP 2,693, +3.03, +0.11%) climbed 7.12 points to 2,696.67.

Most Recent Market Pulse

10:18 AM Huawei files lawsuit against Motorola
10:14 AM Smithfield, Tyson shares hit by downgrades
10:13 AM SRA International shares fall as deal talk cools
10:11 AM First Solar jumps after Goldman Sachs upgrade
10:05 AM Clincal Data leads drug stocks north

Eurozone Private Sector Expands Strongly In January | RTTNews - Morning Market Briefing.

Economic News

Jan 24, 2011 Eurozone Private Sector Expands Strongly In January Eurozone private sector started 2011 on a strong footing, powered by Germany, survey results from Markit Economics showed Monday. Full Article
Jan 24, 2011 Singapore Inflation Hits Two-Year High Singapore's consumer price measure of inflation rose more than expected to its highest level in two years in December, led by higher prices for transport, housing and food, a government report showed. Full Article
Jan 24, 2011 Eurozone Industrial New Order Growth Quickens In November Eurozone industrial new order growth quickened in November, led by Portugal, Finland and Germany, official figures showed Monday. Full Article
Jan 24, 2011 Vibrancy Returning, But At What Cost?Optimism concerning the sustainability of the economic momentum in the U.S. is ruling high, given the stimulatory impact of the additional quantitative measures announced by the Federal Reserve late last year. Full Article

Earnings News

Jan 24, 2011 Entergy Guides Q4 Earnings Above Street, Affirms 2011 EPS ViewEntergy Corp. (ETR) Monday provided its fourth-quarter earnings guidance, which sees operating earnings top the Street view. The utility company also affirmed its 2011 earnings outlook. Full Article
Jan 24, 2011 Radioshack CFO Gooch to succeed retiring CEO Julian Day in May; Sees Q4 Earnings Below StreetTechnology products retailer Radioshack Corp. (RSH) Monday announced the retirement of Chairman and CEO Julian Day effective this year's annual shareholder meeting, scheduled in May, during which current CFO Jim Gooch will succeed him. Reporting its preliminary fourth-quarter results, Radioshack sees revenues beat the Street view, but earnings per share below estimates. Full Article
Jan 24, 2011 McDonald's Q4 Profit RisesRestaurant operator McDonald's Corp. (MCD) reported Monday a 5% increase in fourth-quarter earnings per share on top of a 5% growth in global comparable sales - sales at restaurants open for at least one year. The earnings topped, while revenues were in line with analysts' estimates. Full Article
Jan 24, 2011 Philips Q4 Profit UpKoninklijke Philips Electronics NV (PHG, PHGFF.PK) Monday announced a higher fourth-quarter profit thanks mainly to lower restructuring charges. Revenues increased 2%, but fell 4% on a comparable-store basis owing to weak television market. Full Article

Corporate News

Jan 24, 2011 JC Penney to close non-performing storesRetailer J.C. Penney Co. Inc. (JCP) Monday said it would close some non-performing stores as part of actions intended to maximize potential growth. Other such steps include winding down the company's catalog and outlet operations, streamlining its call center operations and custom decorations business. The company expects a charge related to these measures in the fourth-quarter of 2011, but a positive impact is expected to 2012 earnings. Full Article
Jan 24, 2011 RockTenn to buy Smurfit-Stone for $3.5 blnPackaging products maker RockTenn Co. (RKT) announced Sunday a deal to acquire peer Smurfit-Stone Container Corp. (SSCC) in a cash and stock deal valued at $3.5 billion. The deal is expected to close in the second calendar quarter of 2011, pending regulatory and shareholder approval. Full Article

Todays WS Events

Jan 24, 2011 Halliburton Q4 10 Earnings Conference Call At 9:00 AM ET Halliburton (HAL) will host a conference call at 9:00 AM ET, January 24, 2011, to discuss its Q4 10 earnings results. To access the live webcast, log on at www.halliburton.com To hear the live call, dial (703) 639-1124. A replay of the call can be heard by dialing (703) 925-2533 with passcode 1490746.
Jan 24, 2011 McDonald Q4 10 Earnings Conference Call At 11:00 AM ET McDonald`s Corp. (MCD) will host a conference call at 11:00 AM ET, January 24, 2011, to discuss its Q4 10 earnings result. To access the live webcast, log on to www.investor.mcdonalds.com
Jan 24, 2011 American Express Q4 10 Earnings Conference Call At 5:00 PM ET American Express Company (AXP) will host a conference call at 5:00 PM ET, to discuss Q4 10 earnings results, on January 24, 2011. To access the live webcast, log on to http://ir.americanexpress.com
Jan 24, 2011 Amgen Q4 10 Earnings Conference Call At 5:00 PM ET Amgen Inc. (AMGN) will host a conference call at 5:00 PM ET, January 24, 2011, to discuss its Q4 10 earnings result. To access the live webcast, log on to http://investors.amgen.com/phoenix.zhtml?p=irol-eventDetails&c=61656&eventID=3547914
Jan 24, 2011 Texas Instruments Q4 10 Earnings Conference Call At 5:30 PM ET Texas Instruments Incorporated (TXN) will host a conference call at 5:30 PM ET on January 24, 2011, to discuss its Q4 10 financial result and answer questions from the investor audience. To access the audio webcast, log on at www.ti.com/ir

NYT: Morning Business News: The Understudy Takes The Stage At Apple





BUSINESS
The Understudy Takes the Stage at Apple
By MIGUEL HELFT


When Timothy D. Cook is on his own, he will have to compensate for the absence of Steven P. Jobs.
Times Topics: Timothy D. Cook | Apple
Olbermann Split Came After Years of Tension
By BILL CARTER and BRIAN STELTER


Underlying the decision to part ways with Keith Olbermann were years of behind-the-scenes conflicts.
Olbermann's MSNBC Exit Was Weeks in the Making
F.D.A. Is Studying the Risk of Electroshock Devices
By DUFF WILSON


A federal study renews the debate over electroshock therapy, which is used to treat 100,000 Americans for depression and other illnesses.


More Business News »

Futures Flat, Halliburton Rises on Results :| Financial & Forex Info News | Reuters - Before The Bell

FINANCIAL & FOREX INFO NEWS


FROM: REUTERS - BEFORE THE BELL

LATEST NEWS
Futures flat, Halliburton rises on results
NEW YORK (Reuters) - Stock index futures were little changed on Monday as investors assessed whether a rally that started about two months ago had any more steam left. | Full Article

Treasury's toxic asset funds gain 27 percent
January 24, 2011 07:10 AM ET
WASHINGTON (Reuters) - The U.S. Treasury's toxic asset funds have gained 27 percent since they were created to help revive the mortgage-backed securities market, according to data expected to be released later on Monday. | Full Article
Halliburton profit rises, tops Wall St view
January 24, 2011 07:47 AM ET
NEW YORK (Reuters) - Halliburton Co , the world's second-largest oilfield services company, posted a higher-than-expected quarterly profit on strong demand in its North American market. | Full Article
RockTenn to buy Smurfit Stone for $3.5 billion
January 23, 2011 11:18 PM ET
NEW YORK (Reuters) - Packaging and paper company RockTenn Co has agreed to buy bigger rival Smurfit-Stone Container Corp for $3.5 billion in cash and stock seven months after Smurfit emerged from bankruptcy with less debt and higher profit potential. | Full Article
Private equity vies for Sara Lee: sources
January 23, 2011 08:32 PM ET
PHILADELPHIA/NEW YORK, Jan 23 (Reuters) - Coffee and meat company Sara Lee Corp will this week weigh an offer from a group of private equity firms which values the company at up to $20 a share or nearly $13 billion, a source familiar with the situation said on Sunday. | Full Article

Bad Omens: Stocks Get Bad Breath , Small Caps Lose Steam | John Boboz | Forbes



John Dobosz

NEW YORK - JULY 31: People walk outside of the...
Big stocks surge, small fries flounder
“Jump on the bus or get left behind,” shouted Mr. Market last September as stocks began a persistent ascent without much of a pause that has continued into 2011.  In recent weeks, however, we’re starting to see slippage under the surface that suggests the overall market has trouble ahead.
Specifically, the breadth of the market is starting to stink, and the there is an ominous divergence in the performance of small and large capitalization stocks that has preceded weakness each time its occurred in the past 31 years.
In 2010, shares of smaller companies in the Russell 2000 Index produced a total return of 26.9%. That was nearly double the 14.1% total return for the biggest of the big in the Dow Jones Industrial Average and the 15.1% return for the S&P 500 Index.   When smaller, more speculative stocks outperform the blue chips it’s usually a good sign because it indicates that people are willing to take risks and supports higher stock prices.
Now that trend might be turning as smaller stocks lose ground while a comparatively few large caps roll higher.
“Both the DJIA and Russell 2000 closed at a 52-week high two weeks ago, and then the DJIA closed at another high last week while the Russell 2000 lost more than 1%,” says Jason Goepfert in his Monday SentimenTrader Morning Report.  ”Going back to 1979, this has occurred only three other times.”  
Goepfert’s scan of market history shows that on the three prior occasions when the Dow and Russell diverged like this, the road ahead was a rocky one for stocks:  ”April 1, 1998, after which the DJIA lost more than 15% during the next six months, while never gaining more than 2.5%;  January 7, 2000, after which the DJIA lost more than 14% during the next two months, while never gaining more than 1.8%, and January 19, 2007, after which the DJIA lost more than 4% during the next two months, while never gaining more than 1.8%.”
A rising VIX and CS Fear Barometer (reflecting price of SPX puts), along with a sharp rise in buying climaxes last week (stocks hitting 52-week highs but then closing lower for the week) add to Goepfert’s bearish outlook for the next several weeks.
Furious uptrend
“The equity-only put-call ratios and the breadth oscillators are all on sell signals at this time, ” says options guru Larry McMillan in his Monday morning Daily Volume Alert, noting the deteriorating advance-decline ratio within the S&P 500.  On the rising VIX, McMillan says a ”clear breakout close above 18-1/2 would be a big negative for the stock market.”  Watch to see how support holds on the S&P 500 at 1262, he advises.
Some stocks are already showing signs of fresh technical damage or bullish trends under serious pressure. After gapping higher on Friday morning, Google (GOOG) slipped all day with a nearly 30-point intraday reversal to close near the low at $611.83.   Also, Buffalo Wild Wings (BWLD) hit a five-month low on Friday with put option volume more than 3.5 times call volume.