Translate

Search This Blog

Search Tool




Mar 10, 2011

A Retreat From a Peak ? by Fernando Guzmán Cavero

By:  Fernando Guzmán Cavero

This retreat of the market does not have to do with any peak and the corresponding decline that comes afterward  in the capitalist market. This  is the consequence of an orchestrated  market manipulation   that began the first quarter of 2008. Since then, there have been  a  no single quarter that   some  renowned market analysts and  big entrepreneurs, in alliance with  the degraded financial system ,  made the impossible with their octopus tentacles   and in  their private circle to  make  us  believe the market finally touched floor or as recently the U.S.A. economy was on a sustainable growth.

This is the ignominious of  the  holdings of economic and political  power. behind the power. I wonder how many have lost  their life savings in this rally, not of the market forces, but of   human money seekers and limitless  power advocates  without any  ethical consideration. but the accumulation of money and its coorelation,,  power,  per se.


 I have said before: ( and I am not quoting) ,  or we go through a serious structural reform  of the  capitalist system in its deformation  by the neo-liberalism   or the human race suffering hungry and misery to the limits of tolerance will  turn against our own race ( the Human race) and privileged social-economic sectors,in which I include myself, with unpredictable consequences.

A very simple analysis led me to conclude, a few weeks ago, that the only thing I could see was a great  price volatility as never before. To  read full article click:

From Micro Insiders Trading To Macro Insiders Trading - FGC  

Finally , no one   knows what is to come  in this  turmoil  with the appearance of never ending.
Stay alert of any illusionist  or beware in being capture by  the magic of marketing.

Financial And Forex Info | Kitco New York Close Report.







New York Market Close Mar 10/11 05:20 PM EST
Metals
Bid
Ask
Change
Low
High
Gold
1411.10
1412.10
-20.00
-1.4%
1402.00
1432.50
Silver
35.28
35.30
-0.85
-2.35%
34.66
36.23
Platinum
1763.00
1768.00
-38.00
-2.11%
1749.00
1815.00
Palladium
768.00
773.00
-11.00
-1.41%
758.00
788.00

Financial And Forex Inf | Reuters - Daily Investor Update: Dow sinks below 12,000 on Saudi, economy fears






 News

LATEST NEWS
Dow sinks below 12,000 on Saudi, economy fears
NEW YORK (Reuters) - Fears about the economy and unrest in Saudi Arabia darkened the outlook for equities on Thursday, pushing major indexes below key technical levels. | Full Article

Euro zone debt crisis intensifies on summit eve
March 10, 2011 02:12 PM ET
MADRID/BRUSSELS (Reuters) - Moody's cut Spain's debt rating on Thursday, pushing the euro lower and deepening the sense of crisis in the 17-nation currency bloc on the eve of a crucial summit. | Full Article
Budget deficit hits record $222.5 billion in February
March 10, 2011 04:23 PM ET
WASHINGTON (Reuters) - The government posted a record monthly budget deficit of $222.5 billion in February as spending growth outstripped revenue gains crimped by tax cuts enacted late last year, the Treasury Department reported on Thursday. | Full Article
"Deep" probe expected for D.Boerse-NYSE merger
March 10, 2011 02:41 PM ET
BRUSSELS/NEW YORK (Reuters) - EU regulators are likely to take a long, hard look at Deutsche Boerse's planned takeover of NYSE Euronext, the EU's antitrust chief said, while a top NYSE executive said talks with authorities globally are so far "going well." | Full Article
Ex-McKinsey partner tells jury he tipped Rajaratnam
March 10, 2011 04:28 PM ET
NEW YORK (Reuters) - A disgraced former partner at McKinsey & Co told jurors he leaked stock tips about the elite consulting firm's clients to Raj Rajaratnam, in dramatic testimony at the biggest U.S. insider trading trial in years. | Full Article

NYT: Afternoon Business News: Galleon Jurors Hear Tapes




BUSINESS

Jitters About Oil, Recovery Send Shares Lower

By CHRISTINE HAUSER
A series of economic data from three continents reminded traders on Thursday of the fragile nature of the global economic recovery.
DealBook

Galleon Jurors Hear Tapes

By PETER LATTMAN
Prosecutors focus on three conversations that Raj Rajaratnam had with cooperating witnesses who have pleaded guilty to insider trading.

Trump Signs Deal to Develop 2 Towers in Georgia, the Republic

By CHARLES V. BAGLI and ANDREW E. KRAMER
The developer and the Georgian president announced the $300 million project, which will be overseen by Silk Road, one of the largest private investment companies in the south Caucasus region.

Renault Affair Goes From Satirical to Farcical to Possible Tragedy

By DAVID JOLLY
Renault is climbing down from accusations of industrial espionage in its electric car program amid doubts about key evidence.
DealBook

Angry Birds Creator Raises $42 Million

By EVELYN M. RUSLI
Rovio Mobile, the Finnish company behind the mobile game Angry Birds, has raised $42 million from investors, including the venture capital firms Accel Partners and Atomic Ventures.

Evening Market Wrap

Evening Market Wrap
Thursday, March 10, 2011, 17:01

 
Commentary
Stocks saw a sharp sell-off on Thursday, with China's unexpected trade deficit, European credit issues and unrest in both Libya and Saudi Arabia driving substantial selling pressure in the equity markets. The major averages ended the day sharply lower, falling to their worst closing levels in over a month. (Mar 10, 2011) Full Article
Economic News
The U.S. trade deficit widened by roughly $6 billion in January, according to figures released by the Commerce Department on Thursday. According to the Commerce Department, total exports of $167.7 billion could not overcome imports of $214.1 billion, resulting in a trade deficit of $46.3 billion compared to a deficit of $40.3 billion in December. (Mar 10, 2011) Full Article
After falling to their lowest level in nearly three years in the previous week, first-time claims for unemployment benefits in the U.S. rebounded by more than expected in the week ended March 5th, according to a report released by the Labor Department on Thursday. The report showed that initial jobless claims rose by 26,000 to 397,000 from the previous week's revised figure of 371,000. Economists had been expecting jobless claims to rise to 385,000. (Mar 10, 2011) Full Article
Corporate News
German automaker Volkswagen AG (VOW.BE, VLKAF.PK, VKW.L) Thursday said it recorded a positive start for fiscal year 2011, and sees strong first quarter. The company also noted that it remains on track for profitable growth for 2011, after the strong 2010, which it calls the 'most successful year in its history'. Further, referring to the planned merger with Porsche, Volkswagen said, additional key steps for the operational level cooperation are planned for the current year. (Mar 10, 2011) Full Article
Specialty coffee retailer Starbucks Coffee Co. (SBUX) agreed Thursday to a strategic relationship with smaller rival Green Mountain Coffee Roasters, Inc. (GMCR) to expand its presence in the new and fast-growing U.S. single-serve coffee market, which is currently dominated by Green Mountain's Keurig brewer with a 80 percent market share. The relationship will see Starbucks being the exclusive licensed super-premium coffee brand produced by Green Mountain for the Keurig Single-Cup Brewing System. (Mar 10, 2011) Full Article
Stein Mart, Inc. (SMRT) reported fourth-quarter net income of $18.82 million or $0.42 per share versus $2.74 million or $0.06 per share last year. On average, 3 analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share for the fourth quarter. Analysts' estimates typically exclude special items. (Mar 10, 2011) Full Article
Smithfield Foods Inc.'s (SFD) third-quarter net income climbed to $202.6 million or $1.21 per share from $37.3 million or $0.22 per share last year. The company said the current quarterly results include a number of noteworthy items affecting results, including a $120.6 million gain on a fire insurance recovery, a loss of $14.1 million on early extinguishment of debt, charges on the Hog Production cost savings initiative of $10.9 million and a $5.1 million net gain on the sale of various non-core hog farm assets. (Mar 10, 2011) Full Article
Canadian Solar Inc. (CSIQ) reported fourth-quarter net income attributable to CSI of $25.54 million or $0.58 per share, compared to loss of $15.59 million or $0.38 per share last year. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.65 per share. (Mar 10, 2011) Full Article
CURRENCY
The dollar was generally stronger on Thursday, as euro zone debt fears and declining oil prices made higher-yielding counterparts less attractive to investors. Still, the dollar remains out of fashion due to speculation the Federal Reserve will maintain its easy monetary policy throughout the year. Traders were betting the dollar's recent losses may have been overdone. (Mar 10, 2011) Full Article
Political News
President Barack Obama and First Lady Michelle Obama Thursday sought to bring national attention to the problem of bullying among young people. Speaking at a White House conference on the subject, the president emphasized that bullying is a problem that he cares about deeply, as well as one that touches the lives of young people across the nation every day. (Mar 10, 2011) Full Article
Wisconsin’s state Assembly is expected to take up a bill on Thursday to strip collective bargaining rights from state workers after Republicans in the state Senate used a procedural maneuver to pass the bill late Wednesday despite the absence of Senate Democrats. Senate Democrats fled to Illinois to prevent a vote on the original legislation, which required a quorum of 20 senators due to the inclusion of spending measures. (Mar 10, 2011) Full Article
As controversial hearings on the radicalization of American Muslims get underway in Washington, D.C. on Thursday, the results of Gallup poll showed that a slim majority of Americans believe that the hearings are “appropriate.” The poll showed that 52 percent of Americans think it is “appropriate” to hold the hearings focused just on U.S. Muslims, while 38 percent think it is “not appropriate.” Another 10 percent have no opinion.Full Article (Mar 10, 2011)
Stocks To Watch
When your own body becomes your enemy, it is a completely devastating experience. The condition is called Lupus, in which the body's immune system attacks healthy tissue, causing joint pain, organ dam (Mar 10, 2011) Full Article

MarketWatch: Personal Finance Daily Regenerative medicine holds promise for patients

MarketWatch
Personal Finance Daily
MARCH 10, 2011

Thursday's Personal Finance Stories

By MarketWatch



Don't miss these top stories:
The term "regenerative medicine" applies to a wide range of treatment types, medications and technology, some but not all of it based on stem cell research. As Kristen Gerencher writes in her Vital Signs column today, regenerative medicine may eventually help people suffering from a wide variety of ailments, including diabetes, Parkinson's disease, heart failure, and blindness from macular degeneration.

Read Kristen's column today for more on how regenerative medicine is already helping some people, and what its future may hold for patients and possibly investors, too.

Plus, don't miss the real-estate news today: Foreclosures in February dropped to a three-year low, and the average rate on the 30-year-fixed is still hovering below 5%.

Andrea Coombes , Personal Finance editor

REAL ESTATE

U.S. mortgage rates hold steady: Freddie Mac

Rates on the 30-year fixed-rate mortgage held below 5% this week, averaging 4.88% for the week ending March 10, according to Freddie Mac's weekly survey of conforming mortgage rates, released on Thursday.
Read more: U.S. mortgage rates hold steady: Freddie Mac.


Foreclosure filings drop to three-year-low

Foreclosure filings dropped 14% in February compared with January, hitting a three-year low as allegations of improper processing continued to be a problem for mortgage servicers, RealtyTrac said Thursday.
Read more: Foreclosure filings drop to three-year-low.


HEALTH CARE

Fighting diabetes, other diseases, with live cells

The promise of regenerative medicine to rebuild tissue and even organs has major implications for patients — and investors in biotech and pharma firms — if that promise holds.
Read more: Fighting diabetes, other diseases, with live cells.


ECONOMY & POLITICS

U.S. households cut debt at slower pace

U.S. households reduced their debt for the 11th straight quarter, but at the slowest pace since the third quarter of 2008, according to the Federal Reserve.
Read more: U.S. households cut debt at slower pace.


U.S. trade gap widens unexpected 15.1%

The U.S. trade deficit widened by an unexpectedly large 15.1% in January to $46.3 billion, the largest deficit since last June. The U.S. paid more for imported oil as expected but also imported more autos, capital and consumer goods. The report suggest trade will be a drag on first-quarter growth
Read more: U.S. trade gap widens unexpected 15.1%.


U.S. trade gap widening isn't terrible news

The report on a widening trade deficit isn't as negative as headlines may suggest, writes Steve Goldstein
Read more: U.S. trade gap widening isn't terrible news.


First-time U.S. jobless claims climb 26,000

New U.S. applications for state jobless benefits jumped by 26,000 last week, but they remained under the key 400,000 benchmark for fourth time in the past five weeks.
Read more: First-time U.S. jobless claims climb 26,000.


Parts of economy that have beat Great Recession

Uneven economic recovery in the U.S. reflects severity of past recession, possibility of more big bumps in the road.
Read more: Parts of economy that have beat Great Recession.


INVESTING

Seven demographic trends to buy now

Jeff Reeves offers seven demographic shifts under way in the global economy right now — and the investments that could help you prosper as a result.
Read more: Seven demographic trends to buy now.


Two years in, the rally is alive and strong

Time goes pretty fast when you're making money. And on the second anniversary of the current bull market's beginning, there is no reason for stock investors to expect that to change just yet.
Read more: Two years in, the rally is alive and strong.


Video-game industry at a crossroads

Anti-Zynga and social-game sentiment is palpable at this year's Game Developer Conference, but gamers might need to change their tactics, writes Therese Poletti.
Read more: Video-game industry at a crossroads.

Financial And Forex Info: The Australian Capital Circle: No wiggle room on green tariffs: Emerson






Capital Circle Newsletter
No wiggle room on green tariffs: Emerson
 
While Trade Minister Craig Emerson has rejected calls for green tariffs, Julia Gillard says she has not split with Kevin Rudd over Libya.

The PM's day, per the press office: Julia Gillard is in the United States. Ms Gillard has visited the New York Stock exchange, spoken to a Commonwealth Day reception - which included a reception at the Waldorf Astoria hotel - and lunched with Rupert Murdoch. She will fly back to Australian on Friday, US time.
Tony Abbott is in Gladstone, Queensland, and will be blitzing local radio today. He appeared on the Today show early this morning, telling the show he was running a "truth campaign'' about Labor's carbon tax while he expected an ad campaign from the ALP. "I'm telling the truth about the carbon tax, it will raise prices''.
Thanks to a Labor staffer who tipped us off that one of Tony Abbott's gun new advisers once studied the Wiggles. Industrial relations expert Matthew Steen made his name working for a number of organisations, including the Australian Business Foundation. During his time at the Foundation, Steen's study of the Wiggles was included in a report called Born to be Global. The study of the Wiggles, Steen points out to Capital Circle, looked at how a newly-started business achieved international success in a few short years - and whether there were lessons other Australian businesses could replicate. Got some inside Canberra gossip? Email me: massolaj@theaustralian.com.au
***Sign up to Capital Circle -- news from the beltway to your inbox***
The Australian leads with a rebuke: Trade Minister Craig Emerson has put business, unions and environmentalists on notice that the Gillard government will not allow its push to price carbon to open the door to a renewed wave of protectionism and trade barriers. (more from Matthew Franklin)
It also carries Read more...

The Economist: Politics this week Mar 10th 2011









Fighting between supporters of Colonel Muammar Qaddafi and rebel troops continued in Libya. Amid fierce battles the colonel’s forces seemed to have regained control of Zawiya, a city near Tripoli. Ras Lanuf, an oil port held by his opponents, came under heavy aerial bombardment. See article
Debate intensified outside Libya over whether a no-fly zone should be imposed, which the rebels are calling for with growing desperation. America said the UN must endorse the idea, which Russia seems determined to oppose. See article
A Tunisian court dissolved the Rally for Constitutional Democracy, the party of the ousted president, Zine el-Abidine Ben Ali. Two days before, Beji Caid Sebsi, the interim prime minister, announced a new government to run the country until elections in July. The ministry of the interior dissolved the secret police.
At least 13 people died in a sectarian row when Coptic Christians protested against the burning of a church on the outskirts of Cairo.
In a move by the Iranian authorities to weaken the country’s opposition still further, Akbar Hashemi Rafsanjani, a former president, lost his position as head of the powerful Assembly of Experts, the body that is supposed to supervise the supreme leader and choose his successor. See article
Violence continued to worsen in Côte d’Ivoire, where four marchers were shot dead while protesting against the killing of seven women the week before. The perpetrators were supporters of Laurent Gbagbo, the former president, who is refusing to relinquish power after losing an election in November. See article

The International Court of Justice ruled that Nicaragua must remove its troops from Calero Island in Costa Rica. Nicaragua sent the soldiers there last year when it began dredging a channel around the island in the San Juan river, which marks the border between the two countries. However, the court said that Nicaragua could go on dredging, despite Costa Rica’s claim of environmental damage.
The United States agreed to let trucks from Mexico operate across their border in accordance with the North American Free-Trade Agreement, ending a lengthy dispute. In return, Mexico said it would lift tariffs that it imposed in 2009.



Colombia’s FARC guerrillas abducted 23 workers at a Canadian oil company in the eastern jungle region of Vichada. Colombia’s army and air force quickly found the kidnappers and forced them to release 21 of the hostages.

Barack Obama ordered the resumption of military trials at Guantánamo, ending a suspension while the White House pondered the future of the detention camp. Mr Obama had wanted Guantánamo to close more than a year ago, but a plan to try suspected terrorists in civilian courts was fiercely opposed.
After a three-week stand-off that has brought tens of thousands of protesters on to the streets of the state capital, Republicans in Wisconsin’s Senate passed a measure to curb the collective-bargaining rights of public-sector workers, forcing the bill through with a procedural manoeuvre as Democrats stayed away. See article
The governor of Illinois signed a bill ending the death penalty after an 11-year moratorium, making his state the 16th without capital punishment.

The UN reported that 2,777 civilians were killed in Afghanistan in 2010, making it the country’s most lethal year in the current conflict. Hamid Karzai, the president, said he would convene a loya jirga, a formal conclave of tribal elders, to discuss sensitive questions raised by America’s plan to withdraw its forces by 2014. The jirga could decide, for instance, whether to keep America’s permanent bases.
A bomb killed 25 people near an office of Pakistan’s national intelligence agency in the city of Faisalabad. The Pakistani Taliban claimed responsibility. The next day a suicide-bomber in the west of the country killed at least 37 members of an anti-Taliban militia.
The National People’s Congress gathered for one of China’s five-yearly economic planning sessions. One resolution calls for spending $200 billion to build affordable housing, which might relieve pressure on property prices. See article
The Dalai Lama said he will relinquish his role as the leader of Tibet’s government-in-exile. He made the announcement on the anniversary of the 1959 Tibetan revolt against Chinese rule. His role is to be filled by an elected representative at some future date.
Seiji Maehara, Japan’s foreign minister, resigned after just six months in office after admitting he had accepted $3,000 in donations from a Korean resident of Japan. The speed of Mr Maehara’s resignation shocked the government. His successor, Takeaki Matsumoto, vowed to continue efforts to improve relations with America. See article

Jacques Chirac, a former French president, went on trial for allegedly misappropriating public funds during his time as mayor of Paris. But before Mr Chirac entered the dock, the judge accepted a legal objection from one of his co-defendants and suspended the case for up to three months. See article
Serbia and Kosovo began high-level talks in Brussels. Serbia does not accept Kosovo’s independence, but agreed to discuss practical matters such as transport.
Estonians re-elected the Reform party in a general election, despite a bruising recession. Andrus Ansip, the prime minister, will now have to choose whether to remain in coalition with the conservative IRL party or to govern with the Social Democrats. See article
Worries grew over press freedom in Turkey when more journalists were arrested and charged with involvement in a coup plot. The European Union and others expressed concern; the government said the arrests were not a response to critics in the media. See article



Though turnout was low, voters in Wales overwhelmingly backed proposals in a referendum for more devolution from Westminster. The Welsh Assembly will be able to initiate laws in 20 areas, including education, when it gets the new powers in May.

The Washington Post Afternoon Edition: Today's Most Read Articles:( 5) Buffett Slams Tax System Disparities


Washington Post

1) Wisconsin Senate Democrats preparing to return, lawmaker says

The Democratic Senators who fled Wisconsin to try to stall a vote on a labor rights measure were making plans on Thursday to return to the state capital and fight back against what one of them called "political thuggery in its worst form."

2) NPR general counsel serving as interim CEO after Schiller resignation

WASHINGTON -- NPR's top lawyer is serving as interim president and CEO while the board of directors searches for a replacement for Vivian Schiller.

3) Google search guru visits D.C. on anti-search regulation tour

Google search engine guru Matt Cutts met with members of the Federal Trade Commission and staff on Capitol Hill this week to argue why the firm opposes federal rules on Internet search results.

4) Dalai Lama says he will relinquish political role to democratically elected leader

DHARMSALA, INDIA - The Dalai Lama said Thursday that he plans to relinquish his political role as head of the Tibetan government-in-exile to a new prime minister who will be chosen in elections March 20.

5) Buffett Slams Tax System Disparities

NEW YORK, June 26 -- Warren E. Buffett was his usual folksy self Tuesday night at a fundraiser for Sen. Hillary Rodham Clinton (D-N.Y.) as he slammed a system that allows the very rich to pay taxes at a lower rate than the middle class.

6) Ohio executes inmate using single drug

Ohio executed an inmate Thursday with only one drug, previously used primarily to euthanize animals, marking the first time anyone in the United States had been put to death in that manner.

7) Obama's Meeting With the Dalai Lama Is Delayed

In an attempt to gain favor with China, the United States pressured Tibetan representatives to postpone a meeting between the Dalai Lama and President Obama until after Obama's summit with his Chinese counterpart, Hu Jintao, scheduled for next month, according to diplomats, government officials and...

8) Peter King tempers rhetoric on Muslims as congressional hearing gets underway

A hearing on radicalization among American Muslims began Thursday morning with two congressmen offering sharply different - and, at times, emotional - views of the Muslim community.

9) Top intelligence official says Gaddafi likely to prevail U.S., Europe weigh responses

The top U.S. intelligence official said Thursday that Libyan leader Moammar Gaddafi is likely to "prevail" in his battle against rebels without foreign intervention or some other major change, as European governments and U.S. lawmakers sought ways to aid Gaddafi's opponents.

10) NATO troops kill Karzai's cousin in botched raid, Afghans say

KABUL - A NATO special operations team mistakenly killed a relative of President Hamid Karzai during a raid late Wednesday in southern Afghanistan, Afghan officials said Thursday, the latest incident in recent days to trigger an angry reaction from the president.



Morning Market Briefing

Morning Market Briefing
Thursday, March 10, 2011, 09:01



Commentary

Stocks are poised for moderate losses on Thursday, as China's slowdown in monthly exports has prompted some pressure among futures. Traders are also digesting an increase in U.S. jobless claims while keeping an eye on the still unres

Economic News

China recorded its biggest deficit since 20004 in February, as the Chinese New Year holiday distorted shipments. The deficit, its first since 2010, came as a surprise to economics, who had expected a surplus. (Mar 10, 2011) Full Article

The members of the Bank of Korea monetary policy board on Thursday voted to hike interest rates by 25 basis points to 3.00 percent. (Mar 10, 2011) Full Article

Japan's gross domestic product contracted by an annualized 1.3 percent in the fourth quarter of 2010, the Cabinet Office said in Thursday's final reading. (Mar 10, 2011) Full Article

Australia's jobless rate remained unchanged in February at 5.0 percent, the Australian Bureau of Statistics said on Thursday. (Mar 10, 2011) Full Article

The Reserve Bank of Australia Thursday lowered its benchmark Official Cash Rate by 50 basis points to 2.50 percent. (Mar 10, 2011) Full Article

Moody's Investors Service on Thursday downgraded Spain's ratings by one notch, citing concern over the ability of the government to achieve the budget targets. (Mar 10, 2011) Full Article

British manufacturing output recovered at a stronger-than-expected pace in January after cold weather dampened December activity. (Mar 10, 2011) Full Article

The Bank of England on Thursday retained its key interest rate again at a historic low as weak economic activity weighed on the assessment of policy makers despite concerns over above-target inflation. (Mar 10, 2011) Full Article

Earnings News

BMW Group (BAMXY.PK, BAMXF.PK, BMW.L) reported Thursday a sharp increase in full year 2010 profit thanks to a 23.8% rise in automobile sales, better transaction prices and also lower material costs. The German carmaker also proposed a large raise in the annual dividend. (Mar 10, 2011) Full Article

Smithfield Foods Inc. (SFD) Thursday said third-quarter profit soared over the past year, benefiting from a large one-time gain. Revenues went up 10% thanks to higher prices for Pork products. Both adjusted earnings and revenues exceeded expectations. (Mar 10, 2011) Full Article

H&R Block Inc. (HRB) reported Wednesday a third-quarter loss as a result of large one-time charge. Revenues also fell 8.9% reflecting a “slow start” to the tax season. However, both adjusted earnings and revenues beat analysts' estimates. (Mar 10, 2011) Full Article

Corporate News

General Motors (GM) said Thursday its Chief Financial Officer Chris Liddell is leaving the company, and subsequently Dan Ammann will fill that position. Ammann is currently GM's vice president, finance and also treasurer. The transition is expected to be effective April 1, 2011. (Mar 10, 2011) Full Article

Todays WS Events

Wal-Mart To Present At BoA Merrill Lynch Conference; Webcast At 12:25 PM ET
Wal-Mart Stores, Inc. (WMT) CEO, Bill Simon will present at the Bank of America Merrill Lynch 2011 Consumer Conference. The event is scheduled to begin at 12:25 PM ET, March 10, 2011. To access the live webcast, log on to www.walmartstores.com/investors (Mar 10, 2011) 

National Semiconductor Q3 11 Earnings Conference Call At 4:30 PM ET
National Semiconductor Corp.(NSM) will host a conference call at 4:30 PM ET on March 10, 2011, to discuss its Q3 11 earnings result. To access the live webcast, log on at http://phx.corporate-ir.net/phoenix.zhtml?c=105857&p=irol-EventDetails&EventId=3583925 (Mar 10, 2011) 

Tyson Foods To Present At BoA Merrill Lynch Conference; Webcast At 9:40 AM ET
Tyson Foods Inc. (TSN) CEO, Donnie Smith, will present at the Bank of America/Merrill Lynch 2011 Consumer Conference in New York. The event is scheduled to begin at 9:40 AM ET on March 10, 2011. To access the live webcast, log on to http://ir.tyson.com (Mar 10, 2011)

American Express To Present At Citi Financial Conference; Webcast At 10:30 AM ET
American Express Co. (AXP) will present at the Citi 2011 Financial Services Conference in New York. The event is scheduled to begin at 10:30 AM ET, March 10, 2011. To access the live audio webcast, log on to http://ir.americanexpress.com (Mar 10, 2011) 

ECONOMICS

The U.S. trade deficit widened by roughly $6 billion in January, according to figures released by the Commerce Department on Thursday. According to the department, total exports of $167.7 billion could not overcome imports of $214.1 billion, resulting in a trade deficit of $46.3 billion compared to a deficit of $40.3 billion in December. (Mar 10, 2011) Full Article

After showing a notable drop in the previous week, first-time claims for unemployment benefits in the U.S. rebounded by more than expected in the week ended March 5th, according to a report released by the Labor Department on Thursday. (Mar 10, 2011) Full Article

IPOs

Privately-owned hospital operator HCA Holdings Inc. Wednesday said its 126.20 million share initial public offering would be priced at $30 per share, which is at the high end of the estimate provided in its SEC filing dated February 22. The company will commence trading on the NYSE on Thursday using the ticker HCA. (Mar 10, 2011) Full ArticleForward

Mergers

Radio broadcaster Cumulus Media Inc. (CMLS) announced Thursday an agreement to acquire industry peer Citadel Broadcasting Corp. (CDELB.PK) for $37 per share in cash and stock. The deal is expected to close by year-end 2011. (Mar 10, 2011) Full Article
 

Financial And Forex Info News | U.S.A.: The International Trade l Deficit Rose 15.1%



Economics and Statistics Administration Logo

The January 2011 international trade deficit rose 15.1% to $46.3 billion. Exports increased 2.7% to $167.7 billion.  Imports rose 5.2% to $214.1 billion.




Financial And Forex Info | Reuters Before The Bell: Futures dip after Spain downgrade.






News

LATEST NEWS
Futures dip after Spain downgrade
NEW YORK (Reuters) - Stock index futures fell on Thursday after a rating downgrade of Spain rekindled concerns over euro zone debt problems and weak Chinese trade data heightened global growth worries. | Full Article

Moody's cuts Spain rating, cites higher bank costs
March 10, 2011 07:08 AM ET
MADRID (Reuters) - Moody's downgraded Spain's sovereign debt rating by one notch on Thursday and warned of further cuts to come due to fears that bank restructuring will cost more than twice what the government expects. | Full Article
Starbucks and Green Mountain strike single-cup deal
March 10, 2011 07:46 AM ET
LOS ANGELES (Reuters) - Starbucks Corp is teaming up with Green Mountain Coffee Roasters Inc to take on the fast-growing single-serve market. | Full Article
Foreclosure filings at 3-year low in February: RealtyTrac
March 10, 2011 01:36 AM ET
NEW YORK (Reuters) - Foreclosure filings dropped to a 3-year low in February due to an ongoing backlog following last year's halt in activity, according to a RealtyTrac report on Thursday. | Full Article
Rajaratnam: researcher or crook? Trial will tell
March 09, 2011 07:52 PM ET
NEW YORK (Reuters) - A corrupt man or a legitimate stock researcher? | Full Article