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Feb 8, 2011

After tough year, NYSE Euronext poised to grow : Financial & Forex Info News | Reuters Daily Investor Update

FINANCIAL & FOREX INFO NEWS


REUTERS

News
Dow up for 7th day
NEW YORK (Reuters) - The Dow closed its seventh straight day of gains on Tuesday after McDonald's surprisingly strong sales drove confidence in the economic recovery. | Full Article

Ex-SAC Capital employees charged in trading probe
February 08, 2011 04:15 PM ET
NEW YORK (Reuters) - A investigation into allegations of insider trading in the hedge fund industry for the first time reached former employees of billionaire trader Steven A. Cohen's SAC Capital Advisors. | Full Article
Probe clears Toyota's electronic throttles
February 08, 2011 04:23 PM ET
WASHINGTON (Reuters) - A government probe cleared Toyota Motor Corp's electronics of causing unintended acceleration, a big victory for the world's top automaker as it seeks to recover from the hit it took over runaway vehicle accidents. | Full Article
Disney quarterly profit rises on ad sales
February 08, 2011 04:18 PM ET
NEW YORK (Reuters) - Walt Disney Co reported stronger quarterly profit and revenue, aided by a hefty rise in advertising sales at its ESPN cable sports channels and a strong showing from its parks and resorts division. | Full Article
After tough year, NYSE Euronext poised to grow
February 08, 2011 03:09 PM ET
LONDON/NEW YORK (Reuters) - After years of asking investors for patience, exchange operator NYSE Euronext says 2011 will be the year that things finally come together. | Full Article

Evening Market Wrap

Evening Market Wrap
Tuesday, February 8, 2011, 17:01


Commentary
Stocks moved mostly higher over the course of the trading day on Tuesday, as traders reacted positively to some upbeat corporate news. The strength that emerged in the markets helped to once again lift the major averages to new multi-year closing highs. Full Article
Corporate News
Security software firm McAfee Inc. (MFE) reported Tuesday an 11 percent year-over-year increase in profit for the fourth quarter, driven by revenue growth amid strong performance in North America. Adjusted earnings per share grew, but missed analysts' expectations by two cents, while quarterly revenues topped their estimates. Full Article
Foodservice retailer McDonald's Corp. (MCD) Tuesday reported a 5.3 percent rise in its global comparable sales at all restaurants in operation for at least thirteen months for January 2011, beating its own estimate of 4 percent to 5 percent growth. The sales increase reflected strong comp sales in all three business regions, boosted by new offerings and menu items. Full Article
Processed and packaged foods company Sara Lee Corp.(SLE) on Tuesday reported a strong second quarter profit that fell just short of market estimates, as rising input costs took a bite out of the company's bottom line. Sara Lee reaffirmed its earnings forecast for the full-year 2011, but the outlook is toward the lower end of market expectations, driving shares of the compnay lower at the opening bell on Wall Street. Full Article
Cosmetics company Avon Products Inc. (AVP) Tuesday reported a 15 percent decline in fourth-quarter profit, reflecting a reduction in gross margin due to higher product costs and adverse product mix. Higher restructuring charges also hurt the company's profit. On an adjusted basis, earnings missed Wall Street analysts' forecast. However, Avon expects that its initiatives will lead to operating margin improvement in 2011, along with mid-single digit constant dollar revenue growth. Full Article
Homebuilder Beazer Homes USA Inc. (BZH) Tuesday posted a loss for the first quarter, as home sales and orders declined on lower demand. In addition, the year-ago results were favored by a tax benefit. Further, homebuilding revenues slid 47.3 percent, reflecting the sales and orders decline and higher cancellation rate. The Atlanta, Georgia-based company, however, expects a seasonal improvement in demand over the next six months. Full Article
Toyota Motor Corp. (TM), the world's largest automaker by sales volume, reported Tuesday a sharp decline in profit for the third quarter, mainly due to lower sales volume in Japan and North America. However, the company lifted its fiscal 2011 earnings and revenue forecast, citing improving vehicle sales outlook in Japan, Asia and Russia, and further cost reduction initiatives. Full Article
Forex Commentary
The dollar saw little movement on Tuesday, even after a pair of top officials at the Federal Reserve suggested the central bank should re-examine its easy monetary policy in the wake of mounting evidence the U.S. recovery is picking up steam. The Fed's rate setting body was unanimous in keeping interest rates near zero and maintaining a massive bond buying program in January, but Richmond Fed President Jeffrey Lacker now says its time to take a hard look at tightening policy. Full Article
Political News
Rep. Jane Harman, D-Calif., was selected to lead the Woodrow Wilson International Center for Scholars on Tuesday, with the moderate Democrat expected to resign from Congress by the end of the month in order to assume the position. The Center’s Board of Trustees named Harman as President, CEO, and Director of the Washington think tank, succeeding former Congressman Lee H. Hamilton, who stepped down in November of 2010. Full Article

Financial And Forex Info News | KITCO - New York Market Close Report





New York Market Close Feb 08/11 05:20 PM EST
Metals
Bid
Ask
Change
Low
High
Gold
1364.20
1365.20
12.10
0.89%
1347.60
1369.30
Silver
30.37
30.39
0.93
3.16%
29.27
30.40
Platinum
1855.00
1861.00
16.00
0.87%
1832.00
1871.00
Palladium
837.00
842.00
21.00
2.57%
813.00
843.00

NYT: Afternoon Business News: If Peso's Gain on the Dollar Pressures Mexican Exports




BUSINESS
DealBook

4 Hedge Fund Employees Face Insider Trading Charges

By PETER LATTMAN and AZAM AHMED
Two of the four had worked at SAC Capital Advisors, the giant fund run by the billionaire Steven Cohen.

I.R.S. Offers New Amnesty Deal for Offshore Accounts

By LYNNLEY BROWNING
Taxpayers who come forward by Aug. 31 will pay a penalty of 25 percent of the amount in a hidden foreign account but will not be prosecuted.

If Peso's Gain on the Dollar Pressures Mexican Exports

By ELISABETH MALKIN
The peso's value has increased more than 9 percent since the beginning of 2010 and continues to rise, but the government has no plans to intervene.

China Raises Interest Rates to Quell Inflation

By BETTINA WASSENER
The move, the third since October, is the latest sign of authorities' intensifying efforts to temper the pace of growth and curb inflation.

Fed Seeks to Identify Firms That Pose 'Systemic' Risk

By REUTERS
The Fed proposal will create some guidelines on whether nonbanking firms should be considered primarily financial firms.

Financial And Forex Info News: Wall St shrugs off China rate hike | The Australian Business Briefing

FINANCIAL & FOREX INFO NEWS







Wall St shrugs off China rate hike
Aus Bus Pix Wall St 110209 UPDATED Donna Kardos Yesalavich WALL Street brushed aside China's latest rate hike to drive the Dow to its seventh straight rise and its longest winning streak since July 2010.
 
China escalates battle with inflation
yuan Bob David and Aaron Back INTEREST rates in China rise for the third time in four months today, as the country steps up its fight against accelerating inflation.
 
Rio's Marandoo to get 16 more years
iron ore Razak Musah Baba RIO Tinto says it has approved a $US933 million ($919m) investment to extend the life of the Marandoo iron ore mine by 16 years to 2030.
 
JPMorgan loses appeal over ConsMin deal fee
JPMorgan Susannah Moran JPMORGAN has lost an appeal over whether it deserved to be paid $50 million when advising Consolidated Minerals on a takeover bid.
 
Reforms 'threaten coastal cargo'
port Annabel Hepworth THE country's ports have warned that the federal government's proposed shipping reforms could lead to a decline in the use of ships. 
 
Show them your mettle on commodities
scrap metal Robin Bromby COMMODITY investors this year will need a clear head, dry palms and nerves of steel -- or at least of iron.
 
Retail, agriculture face credit squeeze
Reserve Bank Siobhain Ryan BANKS are considering tightening lending to retail and agricultural businesses after a run of bad economic news for the sectors.
 
NAB fee warning in $1.3bn upswing
NAB Scott Murdoch NATIONAL Australia Bank has warned that the current political scrutiny of Australia's banking sector could lead to higher fees and charges.
 
Financial Markets
Wall St shrugs off China rate hike
Aus Bus Pix Wall St 110209 UPDATED Donna Kardos Yesalavich WALL Street brushed aside China's latest rate hike to drive the Dow to its seventh straight rise and its longest winning streak since July 2010.
 
Gold prices gain on inflation risks
Asian currencies join inflation fight
 
Financial Markets Coverage
 
Mining & Energy
Gold prices gain on inflation risks
gold Matt Whittaker GOLD neared three-week highs today as a Chinese interest rate hike highlighted simmering global inflation pressures.
 
Rio's Marandoo to get 16 more years
JPMorgan loses appeal over ConsMin deal fee
 
More Mining & Energy Coverage

Financial And Forex Info News: Guillards Tears And Abbots | The Australian Capital Circle

FINANCIAL AND FOREX INFO NEWS


Capital Circle Newsletter

Gillard's tears and Abbott's sorrow
 
Tony Abbott's unguarded remark has put the opposition leader under pressure on the day parliamentary debate resumes.

The PM's day, per the press office: Julia Gillard will deliver the annual Closing the Gap statement, an update on the state of indigenous affairs, at 9am today.
Tony Abbott is in Canberra today. He was interviewed by 2GB's Alan Jones this morning about his controversial "shit happens'' statement relating to the firefight that claimed the life of Lance Corporal Jared MacKinney. Abbott told Jones that "I really don't want to add to this,'' and said that the questions put to him by Channel 7's Mark Riley were "out of line questions''. Mr Abbott said he had apologised to Mrs Beckie MacKinney and out of respect for Lance Corporal Mackinney, he said the matter should be left there. But Capital Circle hears some in the Coalition are still scratching their head over the unguarded remark, and the excruciating silence that followed Riley's question.
Capital Circle hears there was a notable absentee from caucus drinks at the lodge on Monday night. Former resident Kevin Rudd failed to show on the night, an absence remarked upon by the former PM's parliamentary colleagues. We hear no one ended up in the PM's pool this time, unlike the last party Mr Rudd held at the lodge.
Question Time resumes for the year, as does debate in the House. Bills to be considered today:
- Electronic Transactions Amendment Bill
- Combating the Financing of People Smuggling and Other Measures Bill
- National Broadband Network Companies
- Telecommunications Legislation Amendment (NBN Measures - Access Arrangements)
- Water Efficiency Labelling and Standards Amendment
- Tobacco Advertising Prohibition Amendment
***Sign up to Capital Circle -- news from the beltway to your inbox***
Driving the day - an unguarded remark. So what happened? Channel Seven aired footage of Mr Abbott at the Tarin Kowt base last year discussing the incident in which Lance Corporal MacKinney was killed in a firefight with insurgents weeks earlier. A Digger who fought in the battle was reported last year as saying that Lance Corporal MacKinney would not have died if troops had been given sufficient air support.
Read more...


Stocks rally; Dow's win streak longest since July: MarketWtach - Market Pulse



Updates to correct that McDonald's reported same-store sales.

By: Laura Mandaro

SAN FRANCISCO (MarketWatch) -- A rally in consumer stocks drove the market to a sharply higher close Tuesday, as investors focused on January from McDonald's Corp. /quotes/comstock/13*!mcd/quotes/nls/mcd (MCD 75.36, +1.91, +2.60%) and other results, and overlooked concerns about the latest Chinese rate hike cooling global growth. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 12,233, +71.52, +0.59%) gained 71.52 points, or 0.6%, to 12,233.15, its seventh straight day of gains, for its longest winning streak since mid-July. It was the highest close since mid-June 2008. McDonald's Corp. /quotes/comstock/13*!mcd/quotes/nls/mcd (MCD 75.36, +1.91, +2.60%) led the blue-chip average with a 2.6% rise. The S&P 500 /quotes/comstock/21z!i1:in\x (SPX 1,325, +5.52, +0.42%) gained 5.52 points, or 0.4%, to 1,324.57. The Nasdaq Composite /quotes/comstock/10y!i:comp (COMP 2,797, +13.06, +0.47%) ended up 13.06 points, or 0.5%, at 2,797.05.

For more Market-Pulse : Click:
http://www.marketwatch.com/story/stocks-rally-dows-win-streak-longest-since-july-2011-02-08 

Why buy when you can rent?: MarketWatch - Personal Finance Daily

MarketWatch

Personal Finance Daily
FEBRUARY 08, 2011

Tuesday's Personal Finance Stories

By MarketWatch



Don't miss these top stories:

More Americans are choosing to rent rather than buy their home, according to statistics from the U.S. Census Bureau. Amy Hoak reports that it's not just foreclosures that are pushing people out of home ownership and into the rental market. Some people are making their decision about homeownership based on what's best for their individual situation, not on an expected return on investment. Interestingly, this increased desire to rent a home instead of buying one comes at a time when owning a home has become more affordable.

Plus, read our special report on Prince William and Kate Middleton's royal wedding, from travel tips to tacky collectible cake plates.

Anne Stanley , Managing Editor, Personal Finance

More people choosing to rent, not buy, their home

The share of Americans who own their home dropped again last year, but that decline is not being driven by foreclosures pushing people out of the real-estate market. Instead, more people appear to be rejecting the idea of a home as an investment.
Read more: More people choosing to rent, not buy, their home.


SPECIAL REPORT: THE ROYAL WEDDING

Going to London for royal wedding? Act fast

It's not too late to be among the 1 million or so people looking to get a glimpse of Prince William and Kate Middleton getting married in April in London, but make plans soon and brace yourself for high prices, crowds and lots of really great, tacky memorabilia.
Read more: Going to London for royal wedding? Act fast.


Prince William to wed in dour economic times

William and Kate's wedding, like the groom's father and grandmother before him, will take place in troubled economic times for the United Kingdom.
Read more: Prince William to wed in dour economic times.


Royal wedding spurs retail mania

The royal wedding is set to boost the U.K. economy and is also inspiring some zany retail opportunities.
Read more: Royal wedding spurs retail mania.


CONSUMERS

ID-theft cases decline, but victims' costs rise

Incidences of credit- and debit-related identity theft dropped sharply last year as the economy showed signs of improvement, but victims found themselves with bigger financial headaches.
Read more: ID-theft cases decline, but victims' costs rise.


CAREERS

Time off for good health

At Webcor Builders, salaried workers earn points for healthy habits, including eating better and exercising more. As MarketWatch's Kristen Gerencher reports, the points translate into paid days off and, for one employee, weight loss of 50 pounds.
 Watch the video: Time off for good health.


ECONOMY AND POLITICS

Richmond Fed's Lacker: Time to review ‘QE2'

The president of the Richmond Fed says the U.S. central bank should seriously review its $600 billion bond-buying plan in light of the distinct improvement in the economy. Jeffrey Lacker also sees pickups for both economic growth and the rate of inflation.
Read more: Time to review ‘QE2,' Lacker says.


Food and energy inflation can't be ignored

One of the biggest canards ever foisted on the American people is the notion that removing food and energy from the price indexes provides a clearer picture of inflation. In reality, it's just the opposite.
Read more: Food and energy inflation cannot be ignored.


What to make of rising food prices

The spike in food prices present investors with three questions to consider: What kind of inflationary impact will the price gains have? How will rising food prices affect the political risk equation in emerging markets?
Read more: What to make of rising food prices.


INVESTING

Poor odds that Dow can extend win streak

Going into today's trading session, the Dow has risen for six trading sessions in a row. The odds of it being able to make it seven are barely better than a coin flip.
Read more: Poor odds that Dow can extend win streak.


Corporate insiders steadfastly bearish

Corporate insiders continue to sell far more of their companies' shares than they purchase. At least so far, the market has nevertheless continued upwards. But two advisers who follow the insider trends are in agreement that, sooner or later, the market will decline.
Read more: Corporate insiders steadfastly bearish.

Editorial: Averting another mortgage crisis(7): The washington Post Afternoon Edition- Most Read Opinion Columns



1) The GOP's selective memory on Ronald Reagan

Republicans claim Reagan's mantle, but Democrats act almost like Reaganites.

2) Catholic Republicans' political beliefs, challenged by their faith

The Catholic tradition asserts the necessity of limited government.

3) Editorial: Wrongly choosing Egypt's generals over the democrats

THE OBAMA administration's latest flip on Egypt - it now publicly backs "the transition process announced by the Egyptian government" - is driven by fear of the dangers that could come with a victory by the pro-democracy movement headquartered in Cairo's Tahrir Square. "There are forces at work in...

4) Fix or repeal? Obama's health-care trap

The GOP is falling for a 'brilliant political maneuver.'

5) Obama makes corporate America his business

Conservatives seemed as irked by Obama's trip to the U.S. Chamber as liberals.

6) Democracies don't happen overnight

A democratic Egypt that breaks its treaty with Israel is not in our interests.

7) Editorial: Averting another mortgage crisis

THE DODD-FRANK financial overhaul law required the Obama administration to produce a plan by no later than Jan. 31 for reforming the nation's mortgage finance system, which is dominated by the crippled government-sponsored enterprises (GSEs) known as Fannie Mae and Freddie Mac. Fannie and Freddie...

8) Five myths about Ronald Reagan's legacy

On Sunday, America celebrates the 100th birthday of Ronald Reagan, whose presidency is a touchstone for the modern conservative movement. In 2011, it is virtually impossible for a major Republican politician to succeed without citing Reagan as a role model. But much of what today's voters think they...

9) Editorial: Arlington School Board needs to investigate Williamsburg principal's claims

THE RESPECTED principal of an Arlington County middle school resigns , charging that she was thwarted in her efforts to fire an employee she considered "incompetent" and "a safety concern." School officials won't comment because, as a matter of policy, they don't discuss personnel issues. Caught in...

10) Why 33 rounds makes sense in a defensive weapon

Sleek, its lines rakishly tilted to boost the ergonomics that index grip placement to barrel, this automatic pistol has but one function: to eliminate human beings easily. That sinister intent is expressed most eloquently in the extended magazine that reaches far beneath the pistol grip, easily...
Washington Post

Obama says businesses must hire, invest to grow economy(5) : Today's most read articles: The Washington Post Afternoon Edition:

Washington Post

1) Oscar nominees share lunch, tales of awards season

BEVERLY HILLS, Calif. -- Jesse Eisenberg joked that Academy Awards season feels like the endless bar mitzvahs he went to when he was 13. Melissa Leo said the road to the Oscars is like a nonstop energy drink. Mark Ruffalo admitted he's just happy to get a free meal out of the awards marathon.

2) With Detroit in dire straits, mayor invites big thinking

DETROIT - On a recent Tuesday afternoon, city hall was quiet and dim. The front desk was unattended. The receptionist, and most other city workers, had been furloughed again.

3) Since D.C.'s handgun ban ended, well-heeled residents have become well armed

In the 2? years since the U.S. Supreme Court ended the District's handgun ban, hundreds of residents in Washington's safest, most well-to-do neighborhoods have armed themselves, registering far more guns than people in poorer, crime-plagued areas of the city, according to D.C. police data.

4) After a bloated Super Bowl in Dallas, it's time to rein in big game

It's a rough morning-after for the NFL. The Dallas Super Bowl was a bender, but now that the confetti has fallen, it looks like litter. The hangover has hit, a splitting headache and a sour stomach from the $19 margaritas and the $12 wine and the $10 beers and the rest of the fiscal insanity. Is ...

5) Obama says businesses must hire, invest to grow economy

President Obama on Monday pledged to make government an ally of companies as they emerge from the bleak downturn of recent years, even as he challenged executives to do their part to help resurrect the economy.

6) President Obama's on-again, off-again relationship with the Chamber

President Obama spoke to the Chamber of Commerce Monday, reaching out to a group with which he has struggled to find common ground over his first two years in office.

7) Federal judicial vacancies reaching crisis point

Federal judges have been retiring at a rate of one per week this year, driving up vacancies that have nearly doubled since President Obama took office. The departures are increasing workloads dramatically and delaying trials in some of the nation's federal courts.

8) In-app purchases in iPad, iPhone, iPod kids' games touch off parental firestorm

Over the winter break from school, 8-year-old Madison worked to dress up her simple mushroom home on the iPhone game Smurfs' Village. In doing so, she also amassed a $1,400 bill from Apple.

9) Super Bowl commercials 2011: 'Darth Vader' Volkswagen and Motorola Xoom ad are hits

The Super Bowl 45 telecast featured several highly anticipated ads. Hank Stueverhanded out his grades:

10) Celebritology: Aguilera nailed national anthem in rehearsal

It turns out Christina Aguilera is perfectly capable of delivering a first-class rendition of the "Star Spangled Banner." And, in fact, she did so in Cowboys Stadium in Texas over the weekend. One problem: Christina nailed the song in her rehearsal on Saturday, one day before her botched performa...

Financial And Forex Info News: Toyota Motor Corp. released its Q3 FY 2011.




This morning, Tuesday, February 8th, 2011, Toyota Motor Corporation released its third quarter financial results for FY 2011. Please click on the following link for the third quarter financial documents : http://www.toyota.co.jp/en/ir/financial_results/2011/index.html
For more information about investing in Toyota Motor Corporation's ADRs on the New York Stock Exchange,
please visit Toyota's Investor Relations web site at:
http://www.toyota.co.jp/en/index.html

Ex-SAC manager pleads guilty in insider probe: Bullleting - Hedge Funds | MarketWatch


Hedge Funds
Feb. 8, 2011, 12:21 p.m. EST

Ex-SAC manager pleads guilty in insider probe

Longueuil, another manager with SAC ties, also charged

By Alistair Barr, MarketWatch

SAN FRANCISCO (MarketWatch) — A former portfolio manager at SAC Capital Advisors LP, one of the world’s largest hedge-fund firms, pleaded guilty to charges relating to insider trading, according to a plea agreement obtained Tuesday by MarketWatch.
To read full Story Click:
:

Daily Market Analysis

Daily Market Analysis
Tuesday, February 8, 2011, 09:11

The major U.S. index futures are pointing to a mixed opening on Tuesday, with traders likely to focus on a few Fed speeches scheduled for the day to decide on their trading moves. Meanwhile, earnings news have been mixed. A decision by the Chinese central bank earlier in the day to raise interest rates to combat inflation should also create some uncertainty concerning the economic recovery. In the absence of any major trading catalysts, sentiment may remain guarded ahead of Federal Reserve Chairman Ben Bernanke's testimony, as the markets trade at overbought levels. Full Article

Forex Market Update

Forex Market Update
Tuesday, February 8, 2011, 09:06


Economic News
Swiss unemployment rate was a seasonally adjusted 3.5% in January, unchanged from the previous month, latest data from the State Secretariat for Economic Affairs showed Tuesday. Full Article
Australian firms' employment expectations for the June quarter are at the highest level in more than seven years, a fresh survey suggested on Tuesday. Full Article
European long term online recruitment activity improved in January, the Monster Worldwide Inc. said on Tuesday. Full Article
Business sentiment among French industrial and services sectors rose in January, latest survey results from the Bank of France showed Tuesday. Full Article
South Africa's jobless rate declined marginally during the fourth quarter, data from Statistics South Africa showed Tuesday. Full Article
Forex Top Story
German industrial production dropped at a faster pace in December as bad weather conditions decreased construction output. Full Article
Japan's current account surplus rose 30.5% year-on-year to 1.195 trillion yen in December, the Ministry of Finance said on Tuesday.Full Article
Pent-up demand following a bitter winter and the rush to beat the rise in the value added tax led to an annual increase of 2.3% in high street sales in January, the strongest growth recorded since March 2010 and a marked improvement on the 0.3% decline in snow-hit December, the latest British Retail Consortium-KPMG survey found. Full Article
Commodities
Feb 8, 2011 Gold Flat Near $1,350
The price of gold was little changed Tuesday morning amid a generally weak U.S. dollar. Full Article
The price of crude oil moved down near $86 Tuesday morning amid concerns over demand growth after China hiked its key lending rates in an effort to curb inflation. Full Article
Political News
Cambodian Prime Minister Hun Sen on Monday called for setting up a buffer zone monitored by UN forces along a stretch of disputed border with Thailand, following border clashes that left at least five people dead over the weekend. Full Article
Iran has accused the Netherlands of resorting to political hypocrisy and high-handedness over the execution of a Dutch-Iranian woman on charges of drug running in the Islamic Republic, reports said on Tuesday. Full Article
Currency Alerts
In late Asian deals on Tuesday, the New Zealand dollar edged up to new multi-day highs against most major currencies despite a slide in regional stocks. Full Article
The Swiss franc showed mixed performance against other major currencies on Tuesday after a government report showed that Switzerland's unemployment rate remained unchanged in January. Full Article
In early European deals on Tuesday, the pound showed weakness against its major counterparts on weak U.K. stocks. The pound dropped to a 4-day low against the yen and the euro. Full Article
General News
A dreaded Chechen warlord has claimed responsibility for last month's deadly terror strike on Moscow's Domododevo airport which killed as many as 36 people and left some 180 injured, reports said Monday. Full Article
A probe by American authorities has revealed that lower-level employees at U.S. diplomatic missions in the Middle-East have been systematically exposed to exploitation and coercion from State Department-funded contractors, it has been reported. Full Article
A New U.S. Embassy relocated into a safer location in the Zambian capital has been dedicated by Assistant Secretary of State for African Affairs Johnnie Carson. Full Article

Morning Market Briefing

Morning Market Briefing
Tuesday, February 8, 2011, 09:01


Commentary
After trending higher in recent sessions to reach multi-year highs, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently indicating a roughly flat open for the markets, with the Dow futures up by just 9 points. Full Article
Economic News
Japan posted a current account surplus of 1.195 trillion yen in December, the Ministry of Finance said on Tuesday, jumping 30.5 percent on year. Full Article
Pent-up demand following a bitter winter and the rush to beat the rise in the VAT sales tax rate lifted British retail activity in January, according to a key industry survey. Full Article
German industrial production dropped at a faster pace in December as bad weather conditions decreased construction output. Full Article
Earnings News
Global beauty products company Avon Products Inc (AVP) Tuesday said fourth-quarter profit fell 15% as higher product costs pulled down the gross margin while restructuring costs were higher this year. Revenues inched up 1% despite a 45% decline in revenues from China. Adjusted earnings and revenues missed estimates. Full Article
Feb 8, 2011 UBS Q4 Net Income Dips
Financial services firm UBS AG (UBS) reported Tuesday a 4% dip in net income on higher credit loss expense and lower tax benefit. Net interest income also fell 3%. Full Article
Retirement and investment services provider Principal Financial Grp Inc. (PFG) said Monday fourth-quarter profits increased on the back of higher revenues and lower net realized capital losses. The adjusted earnings, however, missed estimates, while revenues exceeded expectations. Full Article
Diversified chemical company FMC Corp. (FMC) reported Monday a fourth-quarter loss owing primarily to greater restructuring charges. Revenues however climbed12% with the agricultural products segment growing 24%. Both adjusted earnings and revenues beat the market view. The company forecast earnings for the first quarter 2011 below the Consensus. Full Article
Financial markets operator NYSE Euronext Inc. (NYX) said Tuesday fourth-quarter net income dropped 21% on lower transaction and clearing fees and the absence of a tax benefit. However, both adjusted earnings and net revenues beat analysts' estimates. Full Article
Homebuilder Beezer Homes USA Inc. (BZH) Tuesday reported a first-quarter loss as net new home orders fell 23.9% and home sales closures also dropped 43.6%. This year also saw a sharply lower tax benefit. The results missed analysts' estimates Full Article
Healthcare services company Kindred Healthcare Inc. (KND) announced Tuesday a higher fourth-quarter net profit driven by a 6% increase in revenues with the Hospitals segment revenues growing 4%. The results topped estimates. Separately Kindred announced agreeing to acquire RehabCare Group Inc. (RHB) in cash and stock deal valued at $1.3 billion, including debt. Owing to this, Kindred has suspended its fiscal 2011 outlook. Full Article
Medical devices and diagnostic systems maker Becton, Dickinson and Company (BDX) Monday reported a marginal dip in first-quarter profit due to lower revenues, as the comparable period benefited from flu-related sales. The company reaffirmed its fiscal 2011 financial outlook. Separately, the company announced an agreement to acquire Accuri Cytometers Inc. for an unspecified amount Full Article
Reinsurer PartnerRe Ltd (PRE) Monday said its fourth-quarter profit declined sharply owing to a “number of catastrophe and large loss events.” Revenues fell from last year and disappointed the market on lower net premiums written and earned. However, adjusted earnings topped estimates. Full Article
Oil and gas producer Pioneer Natural Resources Co. (PXD) Monday announced an increase in fourth-quarter profit on higher oil and gas production revenues together with lower production costs. Adjusted earnings beat analysts' estimates. Full Article
Todays WS Events
Feb 8, 2011 NYSE Euronext Q4 10 Earnings Conference Call At 8:00 AM ET
NYSE Euronext (NYX) will host a conference call at 8:00 AM ET on February 8, 2011, to discuss Q4 10 earnings results. To access the live audio webcast, log on to www.nyseeuronext.com/ir To listen the call, dial 866.700.0133 (US) or 617.213.8831 (International); passcode 78593969. A replay of the call can be accessed by dialing 888.286.8010 (US) or 617.801.6888 (International); passcode 12615423.
Feb 8, 2011 Halliburton To Present At Credit Suisse Energy Summit; Webcast At 10:10 AM ET
Halliburton (HAL) will present at the 2011 Credit Suisse Energy Summit on February 8, 2011. The event is scheduled to begin at 10:10 AM, ET. To access the live webcast, log on to www.halliburton.com
Feb 8, 2011 Aetna To Present At UBS Global Healthcare Conference; Webcast At 10:30 AM ET
Aetna Inc. (AET) CEO, Mark Bertolini, will present at the UBS 21st Annual Global Healthcare Services Conference in New York, NY. The event is scheduled to begin at 10:30 AM ET on February 8, 2011. To access the webcast, log on at www.aetna.com/investor
Feb 8, 2011 Anadarko To Present At Credit Suisse Energy Summit; Webcast At 10:45 AM ET
Anadarko Petroleum Corp. (APC) to present at the Credit Suisse Energy Summit in Vail, Colorado. The event is scheduled to begin at 10:45 AM ET, February 8, 2011. To access the webcast, log on to www.anadarko.com
Feb 8, 2011 Walt Disney Q1 11 Earnings Conference Call At 5:00 PM ET
Walt Disney Company (DIS) will host a conference call at 5:00 PM ET, to discuss Q1 11 earnings results, on February 8, 2011. To access the live audio webcast, log on to www.disney.com/investors