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Mar 21, 2011

F & F I | CFTC : CFTC Charges Florida Resident Jeremy M. Globe and his Company, GlobeFX Club, Inc for false statements made to the NFA.


 
The CFTC filed an enforcement action charging defendants Jeremy Munson Globe and GlobeFX Club, Inc., both of Homestead, Fla., with making false, fictitious or fraudulent statements or omissions to the National Futures Association (NFA) during an NFA investigation and audit.

CFTC Charges Florida Resident Jeremy M. Globe and his Company, GlobeFX Club, Inc., with Making False Statements to the National Futures Association

F & F I | CFTC and State of California Charge The Trade Tech Institute, Inc., Technology Trading International, Inc., Robert Sorchini and Richard Carter with Fraudulently Soliciting More than 600 Managed Commodity Trading Accounts




The CFTC today announced that a federal court in Los Angeles entered a restraining order against defendants The Trade Tech Institute, Inc., Technology Trading International, Inc., Robert Sorchini and Richard Carter freezing defendants’ assets, prohibiting the destruction or alteration of their books and records, and requiring defendants to provide an accounting of all funds and assets under their control.

 CFTC and State of California Charge The Trade Tech Institute, Inc., Technology Trading International, Inc., Robert Sorchini and Richard Carter with Fraudulently Soliciting More than 600 Managed Commodity Trading Accounts

Financial And Forex Info : SEC Charges Three Firms and Four Individuals in Los Angeles-Based Boiler Room Operation.






The Securities and Exchange Commission today charged three firms and four individuals involved in a boiler room scheme operating out of Los Angeles that defrauded investors who they persuaded to buy purportedly profitable trading systems.

SEC Charges Three Firms and Four Individuals in Los Angeles-Based Boiler Room Operation

Financial And Forex Info | Treasury to Begin Orderly Wind Down of Its $142 Billion Mortgage-Backed Securities Portfolio





NYT: Afternoon Business News: No Urgent Changes Seen for U.S. Nuclear Plants



BUSINESS

No Urgent Changes Seen for U.S. Nuclear Plants

By MATTHEW L. WALD
Inspectors at each nuclear site have been told to double-check that emergency precautions mandated years ago were still in place, an American official said on Monday.

Global Stocks Maintain Gains as AT&T Deal Offsets Rising Oil Prices

By BETTINA WASSENER and CHRISTINE HAUSER
AT&T's deal to acquire T-Mobile USA for $39 billion lifted the Dow industrials back above 12,000 despite unrest in the Middle East and military action in Libya.
DealBook

How the iPhone Led to the Sale of T-Mobile USA

By KEVIN O'BRIEN
Until Apple introduced its highly popular device in 2007, Deutsche Telekom had been generating rising sales from its American operation.
DealBook

The Regulatory Risk in the AT&T Deal

By STEVEN M. DAVIDOFF
Part of the game will be for AT&T to show to regulators that the acquisition of T-Mobile is a net gain for consumers.

High Court Denies Bid to Bar Details of Fed Bailout

By BINYAMIN APPELBAUM
The Supreme Court refused to hear an appeal from an association of bankers trying to keep the names of financial institutions that received Federal Reserve loans from becoming public.

Financial And Forex Info: The Australian Capital Circle: Newspoll bounce back for Gillard





Capital Circle Newsletter

Newspoll bounce back for Gillard
 
There's some rare good news for Julia Gillard today as she forges ahead with her carbon tax sales pitch.

The PM's day: Julia Gillard will be interviewed by 3AW's Neil Mitchell after 8.30am. She'll attend caucus at 9.30am and question time at 2pm.
Opposition leader's diary: Tony Abbott has been on 2UE this morning. He'll attend Liberal and Coalition party room meetings this morning and question time later today.
Work it #1: Not to be outdone by Tony Abbott or John Howard for that matter, Julia Gillard has been pounding the pavement in tracksuit and sneakers. Inner-south Canberrans tell Capital Circle she's been spotted on morning power walks, with security detail in tow.
Work it #2: Of course, Tony Abbott's adrenaline addiction is of an entirely different order. His daily fix was interrupted by parliamentary business yesterday, forcing the well-toned Tone to attend a division in his gym gear.
Happy Birthday: We hear Tony Abbott's chief of staff Peta Credlin is celebrating a milestone birthday this week. The Opposition leader is throwing her a party in his office tomorrow night. We hear Liberal MPs and staffers have been invited over for a few drinks.
Your 7¢: Also tomorrow night at Parliament House, the ABC will present its annual showcase to MPs. Auntie's managing director Mark Scott will run MPs through the latest happenings at the national broadcaster. (Note to Senator Fierravanti-Wells: It's not Senate Estimates)
Meeting of the minds: Trade Minister Craig Emerson is having a tough time trying to convince Labor MPs of the excitement that is the Doha Round. A recent briefing for caucus members on trade issues attracted just one interested MP - fellow wonk and Member for Fraser Andrew Leigh. We hear it was a very long meeting despite the poor attendance.
Free advertising: Department of Immigration media chief Sandi Logan would like to thank the Opposition for the flood of applications yesterday for six vacancies on his communications team. Shadow SMOS Bronwyn Bishop questioned the appointments in parliament yesterday, warning the government couldn't spin the boats away. Logan says he won't bother advertis
Read more...

Financial And Forex Info: Reuters Technology Report



03/21/2011

AT&T's planned buy of T-Mobile USA is ultimately expected to get regulatory approval, combining the second and fourth largest wireless operators to create a new leader that will control around 43 percent of the U.S. wireless market. AT&T CEO Randall Stephenson suggested he had little choice but to do it as AT&T is in dire need of more wireless airwaves to increase network capacity for mobile Web services.

Google announced that it's partnering with Sprint to integrate the free calling and texting service Google Voice with the carrier's feature phones and smartphones. Sprint customers will be able to use their existing Sprint mobile number as their Google Voice number.

Nokia's strategy for entering the tablet computer market may not include Microsoft, its recently announced partner for smartphones, according to a person with knowledge of the company's thinking.

Microsoft widened its legal assault on devices running on Google's Android system, filing lawsuits for patent infringement against bookseller Barnes & Noble over its Nook electronic book reader.

Facebook's creation of a mobile payment subsidiary and registration of it in a number of states could signal the social network's intent to get more broadly involved in the payments business, writes VentureBeat's Owen Thomas. Bypassing credit-card processing fees from its Facebook Credits business and the possible creation of an ad network to rival Google’s AdSense were seen as potential driving factors.

Financial And Forex Info | Kitco New York Market Close Report




New York Market Close Mar 21/11 05:20 PM EDT
Metals
Bid
Ask
Change
Low
High
Gold
1427.10
1428.10
7.40
0.52%
1424.40
1436.10
Silver
36.10
36.12
0.82
2.32%
35.63
36.24
Platinum
1746.00
1753.00
25.00
1.45%
1722.00
1761.00
Palladium
746.00
751.00
17.00
2.33%
733.00
752.00

ABC NEWS | Australia Morning BusinessNews: Lehman expected CDO market to worsen.



Lehman expected CDO market to worsen
The local arm of collapsed US investment bank Lehman Brothers expected the market for complex investments linked to mortgages and corporate debt to deteriorate before the onset of the subprime crisis in the US housing market, according to Lehman's internal documents.
 


US stocks climb for third day
Investor's confidence rose again overnight in the US, with benchmarks on Wall Street making their biggest three day gains this year.

BC Iron appeals after bid falls over
Junior iron ore producer BC Iron says it will go to the Takeovers Panel in the hope of forcing Hong Kong-based Regent Pacific to continue with a takeover bid.

Financial And Forex Info | Reuters - Daily Investor Update: AT&T's big deal lifts Wall Street





News


LATEST NEWS
AT&T's big deal lifts Wall Street
NEW YORK (Reuters) - Buyers emerged on Monday in U.S. stocks, enticed by the biggest proposed merger of the year, though crises in Japan, the Middle East and North Africa meant market volatility would continue. | Full Article

Home sales tumble, prices are near 9-year low
March 21, 2011 04:27 PM ET
WASHINGTON (Reuters) - Sales of previously owned U.S. homes plunged in February and prices hit their lowest level in nearly nine years, indicating a housing market recovery was still a long way off. | Full Article
AT&T/T-Mobile expected to survive regulatory review
March 21, 2011 04:07 PM ET
WASHINGTON (Reuters) - AT&T's planned buy of Deutsche Telekom AG's T-Mobile USA will face major demands from U.S. regulators, including extensive asset sales and promises to serve rural areas, but the $39 billion deal is expected to ultimately get a government nod. | Full Article
Special Report: Disasters show flaws in just-in-time production
March 21, 2011 02:19 PM ET
TSUCHIURA, Japan/DETROIT/SAN FRANCISCO (Reuters) - Just over a week after the massive earthquake hit the sprawling Texas Instruments chip plant here, a gardener is reworking the Japanese garden in an inner courtyard of the office tower attached to the plant. | Full Article
Citi to resume dividend, sets reverse stock split
March 21, 2011 01:21 PM ET
NEW YORK/CHARLOTTE, North Carolina (Reuters) - Citigroup Inc will resume paying a nominal dividend after it uses a reverse stock split to shrink the number of shares outstanding, taking another step in its long recovery from the financial crisis. | Full Article

Standard & Poor's : Latin America Highlights: Selected Reports

MarketWatch: Personal Finance Daily: What AT&T's buyout of T-Mobile means for you.

MarketWatch
Personal Finance Daily
MARCH 21, 2011

Monday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

AT&T (T)  plans to buy T-Mobile USA, and that could be bad news for T-Mobile customers and cellphone subscribers in general, a number of consumer advocates said Monday.

Read Jennifer Waters's Consumer Confidential column to find out what's coming if the merger goes through.

Also, check out our series of stories on earning money in retirement, including what working means for your Social Security benefits and how to find your dream job in retirement.

I've always been happy with T-Mobile's cellphone service and low rates. I would be really sorry to see that change.

Andrea Coombes , Personal Finance editor

What AT&T's buyout of T-Mobile means for you

If AT&T's planned purchase of T-Mobile USA goes through, T-Mobile users should brace themselves for higher costs and worse service, consumer groups say.
Read more: What AT&T's buyout of T-Mobile means for you.


RETIREMENT

Finding your dream career in retirement

Working in retirement is a way not only to stay busy, but also to reduce the need to start collecting Social Security and reduce the need to start drawing down your IRA. If you had to earn only 25% of what you're earning today then a very different set of jobs and possibilities suddenly opens up.
Read more: Finding your dream career in retirement.


Why you should delay collecting Social Security

Most people start collecting Social Security at age 62. But there are plenty of reasons to wait until full retirement age, if not age 70.
Read more: Why you should delay collecting Social Security.


How to collect Social Security and keep working

Millions of Americans are earning income and collecting Social Security at the same time, but there's still plenty of confusion over how Uncle Sam goes about taxing and reducing Social Security benefits for workers.
Read more: How to collect Social Security and keep working.


Social Security benefits for kids

I am 61½ with children ages 10 and 9. I will continue to work full time until 70½ and had not planned to file for Social Security until then. Now I understand that the children can receive benefits until age 18 when I become eligible in six months. Apparently there is a family maximum payment based on my benefit amount.
Read more: Social Security benefits for kids.


TAXES

E-file or else: A guide for tax season

Tax season is in full swing. But something is missing: the forms the Internal Revenue Service sends out in the mail every year.
Read more: E-file or else: A guide for tax season.


ESTATE PLANNING

How to safeguard a will

Worried a disgruntled heir may contest your estate? A small but growing number of states are enacting laws you can use to force individuals to file legal contests while you're still alive and able to defend your estate plans in court.
Read more: How to safeguard a will.


CARS

2011 Ford Explorer: A big improvement

Now based on an automobile platform rather than the old body-on-frame truck approach, the 2011 Ford Explorer is a must-test for drivers looking for an all-American crossover.
Read more: 2011 Ford Explorer: A big improvement.


REAL ESTATE

Buying a first home

Last fall, Gretchen Steinmiller Torres and her husband, Dustin, bought their first place, a $204,000, four-bedroom, 2½-bath house in the suburbs of Columbus, Ohio — even though they didn't have immediate plans to use much of the space.
Read more: Buying a first home.


Existing-home sales sink 9.6% in February

Sales of previously owned homes dropped 9.6% in February and prices fell to their lowest level since 2002, reflecting continued weakness in the slumping U.S. real estate market.
Read more: Existing-home sales sink 9.6% in February.


INVESTING

‘Disaster stocks' can ruin your portfolio

Stock promoters seldom show much restraint, but they seem remarkably sensitive to the tragic events in Japan. That self-control won't last much longer.
Read more: ‘Disaster stocks' can ruin your portfolio.


New volatility indexes help gauge ETF risk

Investors get new tools to measure risk in their portfolios with volatility indexes based on ETF options.
Read more: New volatility indexes help gauge ETF risk.


Ten plays for a market correction

So, thinking about safety lately? No surprise. With market volatility on the rise, thanks to the nasty mix of Japan's catastrophic earthquake and related nuclear problems combined with the seething crises rolling across the Middle East and North Africa, capital preservation has suddenly become more popular.
Read more: Ten plays for a market correction.


Is the nuclear renaissance over?

A hard-asset bull who is the decade's top performing investment letter expects more of the same, but says nuclear power's "renaissance" is over.
Read more: Is the nuclear renaissance over?

US Markets At Close: Major Indexes



U.S. Markets At Close

Major Indexes
   LastChange% Chg
DJIA*12036.53 178.011.50
Nasdaq*2692.09   48.421.83
S&P 500*1298.38   19.181.50
DJ Total Stock Market*13714.86 216.601.60





Source: The wall Street Journal*















The Washington Post: Politics Afternoon Edition: THE FIX: Pawlenty moves toward 2012 presidential run

 
Monday, March 21, 2011
HEADLINES 

1) THE FIX: Pawlenty moves toward 2012 presidential run
Former Minnesota governor Tim Pawlenty announced the formation of a presidential exploratory committee Monday afternoon.
» Read full article


2)
2CHAMBERS: Pelosi briefly hospitalized in Rome
Pelosi underwent tests in Rome’s Umberto I hospital after she reported feeling “slightly unwell.” Pelosi, who will turn 71 on Saturday, was then released from the hospital.
» Read full article


3)
FACT CHECKER: Dems give bogus claims on health-care overhaul's birthday
House Democrats appear to show little hesitation about repeating claims that previously have found to be false or exaggerated.
» Read full article


4)
Obama in Brazil, with Libya on his mind
For Obama, the stop in Chile continues a busy five-day, three-country tour that has turned into a complicated juggling act as he holds conference calls with his national security advisers on Libya in between events with Latin American officials.
» Read full article


5)
EZRA KLEIN: The Gang of 64's odd letter to Obama
In this letter, 64 senators manage to sound like an interest group begging the White House for support rather than a supermajority of the United States Senate -- which is to say, a coalition of men and women who could, on their own, draft and pass the very legislation they’re talking about.
» Read full article


Reuters UK | Evening News : West in "mediaeval crusade" on Gaddafi, Putin says

Reuters




today's headlines

West in "mediaeval crusade" on Gaddafi, Putin says
WHO warns of "serious" food radiation in stricken Japan
Budget looks for growth on a shoestring
Ofgem to shake up unfair retail market
Bank's Dale says recovery set to continue
Irish government eyes concessions on EU tax rules - report
Portugal vote likely Wednesday, could topple government
Government to axe inflation-linked flight tax rise - source
Corrected-Obama, seeking deeper Latam ties, grapples with Libya
Hague says Arab League backs action in Libya

more details

West in "mediaeval crusade" on Gaddafi, Putin says
21 MAR 2011 15:04 GMT

TRIPOLI (Reuters) - Russian Prime Minister Vladimir Putin said on Monday a U.N. resolution authorising military action in Libya resembled "mediaeval calls for crusades" after Western forces launched a second wave of air strikes.

Full Article
WHO warns of "serious" food radiation in stricken Japan
21 MAR 2011 15:14 GMT

TOKYO (Reuters) - The World Health Organisation said on Monday that radiation in food after an earthquake damaged a Japanese nuclear plant was more serious than previously thought, eclipsing signs of progress in a battle to avert a catastrophic meltdown in its reactors.

Full Article

Budget looks for growth on a shoestring

21 MAR 2011 13:09 GMT

LONDON (Reuters) - The coalition government will seek to bolster a faltering economy without compromising its austerity programme in an annual budget on Wednesday overshadowed by air strikes on Libya.

Full Article
Ofgem to shake up unfair retail market
21 MAR 2011 12:48 GMT


LONDON (Reuters) - Energy regulator Ofgem has told the nation's biggest utilities that they must offer simpler and fairer tariffs so consumers can more easily compare prices.

Full Article
Bank's Dale says recovery set to continue21 MAR 2011 12:06 GMT

LONDON (Reuters) - The economy remains on a recovery track and the weakness of broad money growth may be misleading, the Bank of England's chief economist, Spencer Dale, said in a report published on Monday.

Full Article
Irish government eyes concessions on EU tax rules - report21 MAR 2011 09:24 GMT
DUBLIN (Reuters) - Ireland is considering giving ground on new corporate tax rules in exchange for a cut to the interest rate it pays on an 85 billion euro bailout at key euro zone talks this week, the Irish Times reported on Monday.

Full Article
Portugal vote likely Wednesday, could topple government
21 MAR 2011 13:04 GMT

LISBON (Reuters) - Portugal's main opposition Social Democrats (PSD) again refused on Monday to back new government austerity measures, raising the risk the minority administration could fall after a vote later this week.

Full Article
Government to axe inflation-linked flight tax rise - source
20 MAR 2011 22:33 GMT

LONDON (Reuters) - Britain will scrap a planned inflation-linked increase on air passenger duty this year, a government source said Sunday.

Full Article
Corrected-Obama, seeking deeper Latam ties, grapples with Libya
21 MAR 2011 13:20 GMT

(Removes reference to Afghanistan as Arab nation in 4th para)

Full Article
Hague says Arab League backs action in Libya
21 MAR 2011 08:41 GMT

LONDON (Reuters) - The Arab League still supports air strikes on Libya to enforce a no-fly zone, Foreign Secretary William Hague said on Monday.

Full Article