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Apr 1, 2011

Financial & Forex Info | Reuters - Daily Forex Update | Wall Street ends up on solid job figures












News





LATEST NEWS
Wall Street ends up on solid job figures
NEW YORK (Reuters) - U.S. stocks started a traditionally healthy month on strong footing on Friday with solid jobs figures, but the S&P 500 may need help to break to new multi-year highs. | Full Article

Employers step up hiring, jobless rate drops
April 01, 2011 04:20 PM ET
WASHINGTON (Reuters) - U.S. employment grew firmly for a second straight month in March and the jobless rate hit a two-year low of 8.8 percent, underscoring a decisive shift in the labor market that should help to underpin the recovery. | Full Article
Fed's Dudley warns of over-optimism, counters hawks
April 01, 2011 04:24 PM ET
SAN JUAN, Puerto Rico (Reuters) - One of the Federal Reserve's most powerful policy makers pushed back against an increasingly hawkish tone from other Fed officials worried about inflation, saying he saw no need for the U.S. central bank to reverse course. | Full Article
Nasdaq, ICE bid to snatch NYSE from Germans
April 01, 2011 03:56 PM ET
NEW YORK (Reuters) - Nasdaq OMX and IntercontinentalExchange bid $11.3 billion for NYSE Euronext in an effort to trump Deutsche Boerse's deal, and pushed their case with an appeal to U.S. patriotism. | Full Article
March auto sales rise due to small-car demand
April 01, 2011 03:18 PM ET
DETROIT (Reuters) - Most major automakers raced past expectations for U.S. sales in March as buyers flocked to smaller, more fuel-efficient cars in response to rising gasoline prices at the pump. | Full Article
US TOP NEWS
Gaddafi forces storm Misrata, rebels offer truce
April 01, 2011 01:07 PM ET
TRIPOLI/AJDABIYAH, Libya (Reuters) - Muammar Gaddafi's forces stormed the western rebel outpost of Misrata with tanks and artillery on Friday, a rebel spokesman said, while insurgents marshaled defenses in their eastern heartland. | Full Article
Fierce fighting spreads in Ivory Coast showdown
April 01, 2011 02:12 PM ET
ABIDJAN (Reuters) - Fierce fighting spread across Abidjan on Friday as troops loyal to Ivory Coast's Laurent Gbagbo fended off attacks by forces supporting Alassane Ouattara's rival claim to the presidency. | Full Article
U.S. says Syria releases two detained Americans
April 01, 2011 01:52 PM ET
WASHINGTON (Reuters) - Two American citizens who were detained in Syria have been released, the U.S. State Department said on Friday. | Full Article
Japan PM to visit disaster zone, nuclear crisis drags
April 01, 2011 01:09 PM ET
TOKYO (Reuters) - Japan's prime minister was headed to the nuclear disaster zone on Saturday where workers are braving radiation from the crippled Fukushima Daiichi plant to battle the world's worst atomic crisis since Chernobyl. | Full Article
Two U.N. staff killed in Afghanistan were beheaded: police
April 01, 2011 02:11 PM ET
MAZAR-I-SHARIF, Afghanistan (Reuters) - Afghan protesters angered by the burning of a Koran by an obscure U.S. pastor killed up to 20 U.N. staff, beheading two foreigners, when they over-ran a compound in a normally peaceful northern city on Friday in the worst ever attack on the U.N. in Afghanistan. | Full Article
HEALTH NEWS
Red Cross holds talks on wider Libya aid role
Germany's Merkel on crutches after knee surgery
Toxins in baby food might affect hormones: study
Some kids' belly pain could be a migraine
Can painkillers prevent melanoma?

Financial & Forex Info | Reuters - Technology Report








News
Successful childrens’ books publisher Nicholas Callaway believes paper is dead and that digital has come of age, writes Mark Egan. But Callaway isn’t worried that big publishing houses will eat his lunch. “They don't understand the new medium, they don't have the rights, they don't know how to create the product and they don't know how to get it out to the world," Callaway told Egan. January e-book sales more than doubled from the same month a year earlier, rising 116 percent to $69.9 million, according to the Association of American Publishers. That topped sales of hardcover books, which fell 11 percent from January 2010 to $49.1 million.

Google will probably have to make some changes to how it does business as a result of antitrust scrutiny, in return for the ability to protect what it regards as its necessary freedom to innovate, writes Steve Lohr of The New York Times.

With all of the buzz around Google and privacy, is it any surprise that the company’s efforts to develop a mobile app that will identify people’s faces in order to access their personal information have stalled? Experts say the novelty of a face recognition app may help attract early adopters. But policies would need to be uncomplicated and straightforward to keep users from abandoning it over privacy concerns, writes CNN’s Mark Milian.

While Europe’s digital music service Spotify wrangles with music labels for U.S. rights, Rhapsody, the only profitable music streaming service, has added 100,000 subscribers in the last year and managed to dodge a threat from Apple to charge a 30 percent fee on subscriptions sold through its iPhone app, writes Business Insider's Matt Rosoff. Rhapsody president Jon Irwin said his company can differentiate itself going forward through his company’s proven and scalable platform, partnerships with companies like Verizon, and a strong editorial presence.

CBS Political Hotsheet Top Stories | Donald Trump gets regular Fox News spot

The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
Potential presidential candidate to appear Monday mornings on "Fox and Friends"; will not be paid contributor
Read full story
Donald Trump gets regular Fox News spot

Quotes of the week: O'Reilly vs. Trump and more Another edition of Washington Unplugged's "quotes of the week" where we scour the depths of the good, the bad and the ugly from inside the Beltway

Bruce Springsteen takes on New Jersey governor New Jersey icon laments policies of popular Republican governor in letter to hometown newspaper

Gov. seeks to grow Democratic Maryland governor Martin O'Malley and Alaska Sen. Mark Begich create group for young Democratic officials

House anger at the Senate reaches a new level Republicans are planning vote on budget bill today that basically says they don't need the Senate anymore

MarketWatch | Personal Finance Daily : Take that tax refund and spend it

MarketWatch
Personal Finance Daily
APRIL 01, 2011

Friday's Personal Finance Stories

By MarketWatch



Don't miss these top stories:

No fooling, it's time to get your taxes done. This is the weekend to do it, or, if you already have — it wouldn't hurt to look over our tax tips, news and tools, just in case. This weekend begins MarketWatch's last-minute tax survival guide. We'll have plenty of new columns, tips and news you can use between now and April 18. And if you're really a procrastinator, we'll even have a column later in the month on what to do if you miss the filing deadline. See MarketWatch's full coverage of tax news, tools and tips.

But let's start with Jennifer Waters's story today on what to do with your tax refund. That's a happy thought. Experts offer the usual advice: pay down debt, put it in your retirement fund, put it the rainy day fund. But Waters talks to one adviser who actually says go ahead and spend it on something fun, like a vacation for the family. It might pay a better return in happy memories than a savings account. Also, Tax Mama Eva Rosenberg has a timely warning on how to avoid the gift tax.

Anne Stanley , Managing Editor, Personal Finance

TAXES

Take that tax refund and spend it

Most personal-finance experts say taxpayers should save or invest their refunds, or pay down debt. But one lifestyle coach says go right ahead and spend your tax fund.
Read more: Take that tax refund and spend it.


How to avoid the IRS gift-tax trap

The laws regarding taxes on gifts are complex and the limits are changing. Consult the right professional and use trusts, charitable contributions and other gifting tactics to avoid a tax trap.
Read more: How to avoid the IRS gift-tax trap


How can you pull a GE on taxes?

There's been a firestorm this week over the news that General Electric will pay no tax — at least, no federal corporate income tax — on last year's profits.
Read more: How can you pull a GE on taxes?


REAL ESTATE

Mortgage considerations when rebuilding

Lew Sichelman helps one couple sort through their options for financing the cost of demolishing their old home and building a new one.
Read more: Mortgage considerations when rebuilding.


ECONOMY & POLITICS

In charts: Jobless rate, construction and more

Weekly indicators show the unemployment rate on the decline but muted growth in earnings. U.S. construction spending is the worst in over 11 years.
See charts: Jobless rate, construction and more.


Dudley, Plosser set boundaries of Fed debate

The two voting Federal Reserve presidents with arguably the most diverging views set the boundaries of the interest rate debate Friday, with one seeing no reason to change course while the other virtually pleads for a plan to hike rates.
Read more: Dudley, Plosser set boundaries of Fed debate.


U.S. manufacturing growth tapers off a bit

Expansion in the fast-growing U.S. manufacturing sector tapered off slightly in March, according to a closely followed ISM index.
Read more: U.S. manufacturing growth tapers off a bit.


Construction spending plummets 1.4% in February

Construction spending tumbled in February to the worst rate in more than 11 years, reflecting the dire state of the housing market.
Read more: Construction spending plummets 1.4% in February.


Payrolls climb to 216,000, jobless rate 8.8%

U.S. nonfarm payrolls expand by 216,000 jobs in March, above expectations. The unemployment rate continued to trend lower, dipping to 8.8% — the lowest rate since March 2009.
Read more: Payrolls climb to 216,000, jobless rate 8.8%.


Jobs report ‘welcome news,' Boehner says

Lawmakers, the White House, analysts and others react to Friday's Labor Department report showing that nonfarm payrolls grew by 216,000 in March and that the unemployment rate dropped to 8.8%.
Read more: Jobs report ‘welcome news,' Boehner says.


More jobs, but wages aren't keeping up

The good news is that the unemployment rate is falling, but the bad news is that wages are too, writes Rex Nutting.
Read more: More jobs. but wages aren't keeping up.


INVESTING

All-clear signal from the Dow Theory?

Is the third time a charm?
Read more: All-clear signal from the Dow Theory?


Bond investors get ready for rising rates

Spring arrived for stock investors, but a winter chill refuses to let go of shareholders in bond mutual funds and exchange-traded funds.
Read more: Bond investors get ready for rising rates.


Investors buckle up for Mr. Market's wild ride

Mutual fund and ETF investors rode a wave of market volatility and the first quarter ended with the strongest showing for U.S. stocks in more than a decade. But what if this is as good as it gets?
Read more: Investors buckle up for Mr. Market's wild ride.


International stock fund investors' dizzying spin

The devastation in Japan — the world's No. 3 economy — was one of many challenges international stock-fund shareholders faced in the first quarter, which saw revolution in the Middle East and North Africa, rising oil prices, and the threat of a global market slowdown.
Read more: International stock fund investors' dizzying spin.


Oil ETF buyers, beware

Oil-related exchange-traded funds are basking in the glow of a spike in crude prices, but potential investors need to slap on a pair of sunglasses and take a good look at the risks to avoid getting burned.
Read more: Oil ETF buyers, beware.


Should you sell in April and go away?

Should you try to get a head start on those followers of the famous Halloween Indicator and, instead of waiting until May to "sell and go away," doing so in April?
Read more: Should you sell in April and go away?


Get the latest news on our mobile site: http://www.marketwatch.com/m

Financial & Forex Info | Reuters - Deal Today









News
Nasdaq OMX and IntercontinentalExchange unveiled a rival bid to buy NYSE Euronext for about $11.3 billion in cash and stock, a 19 percent premium to the offer made by German competitor Deutsche Boerse. The move could raise new antitrust questions as it would combine the two largest U.S. stock exchanges. The new offer is valued at $42.50 per share, Nasdaq and IntercontinentalExchange said. The offer represents a 19 percent premium to NYSE's closing price on Thursday and is 27 percent above the company's valuation before Deutsche Boerse's $10.2 billion bid in February. Analysts were skeptical about whether Deutsche Boerse would launch a counterbid.

Citigroup might be uncomfortable sitting on information needed to determine whether the onetime successor to Berkshire Hathaway Chairman Warren Buffett violated securities laws when he personally traded in shares of Lubrizol, which Berkshire acquired for $9 billion, but it doesn’t have to be damaging territory for Citi, writes Rob Cox.

No.1 concert promoter and ticketing company Live Nation Entertainment is in the running to buy the recorded music assets of Warner Music Group, the world's third largest music company, according to a person familiar with the talks. Bids have come in valuing Warner Music Group at around $3 billion on an enterprise value basis, which includes both debt and equity.

Canadian satellite company Telesat Holdings is weighing takeover offers from EchoStar and Carlyle Group, and may decide on a possible sale in the coming days, according to Bloomberg. EchoStar agreed to buy Hughes Communications for $2 billion including debt in February.

Huffington Post columnist and non-executive board chair of the Mobius Life Science Fund Lucy Marcus compiled a list of the 100 Most Influential VCs, Angels and Investors for the new, social decade, writes PE Hub's Mark Boslet. Union Square Ventures’ Fred Wilson at number 3 and blogger investor Paul Kedrosky at number 4 might not come as a surprise. But Kevin Rose, Digg founder, at the top of the chart and Twitter investor Chris Sacca number 2 are questionable, according to Boslet.

NYT: Morning Business News: Even Funds That Lagged Paid Richly


BUSINESS

Even Funds That Lagged Paid Richly

By JULIE CRESWELL
John Paulson earned a record $4.9 billion in 2010 after a wager on gold. Other managers reaped big paychecks as their funds earned single-digit returns.
DealBook

Buffett's Handling of Deputy Baffles Some Experts

By BEN PROTESS, EVELYN M. RUSLI and SUSANNE CRAIG
The carefully cultivated image of Warren E. Buffett is at risk of being tarnished by a disclosure that he knew one of his top executives had bought shares in a company that Mr. Buffett was going to buy.
DealBook

S.E.C. Said to Weigh Inquiry of Sokol's Lubrizol Trades

By PETER LATTMAN
Securities lawyers say rules surrounding insider trading are murky, making it difficult to predict whether David L. Sokol, a former deputy to Warren E. Buffett, could face legal liability.

The Washington Post | Politics News & Analysis: GOP freshmen resist compromise that would avert government shutdown


The Washington Post 
newsletter header


WhoRunsGov

Ohio Gov. John Kasich talks about his $55.5 billion, two-year state operating budget proposal that he introduced on Tuesday to a group at the Fairhill Center for Aging in Cleveland on Wednesday, March 16, 2011. (AP Photo/Amy Sancetta)

Labor Fights Still Spreading

Wisconsin Gov. Scott Walker said Thursday that his administration will comply with a court order halting the labor law passed there. At the same time, protests were underway in Ohio as Gov. John Kasich planned to sign a bill that would limit collective bargaining rights.

Congressional votes database


airline Industry & Defense | E-Commerce | Insurance | Banking Pensions & Financial Regulation | Energy & Environment .



Airline industry and defence
Togetherness in Libya
Barack Obama's awfully big change in America's use of force ... more
Military strategy and mathematics
Warfare seems to obey mathematical rules. Whether soldiers can make use of that fact remains to be seen ... more


E-commerce, the Internet and mobile e-business
 Internet and mobile reception on the Tube
The internet could soon be available underground ... more

 

Insurance
Businesses and insurance
Businesses can get cover against some, but not all, political upheavals ... more

Banking, pensions and financial regulation
 Spanish banks
Land has gone from being the safest of bets to the riskiest ... more

Energy and environment 
Japan's nuclear crisis
Japan's nuclear crisis drags on, exposing profound failures both at the company and in national energy policy ... more 
Barack Obama's energy policy
Platitudes from the president ... more 
Germany's victorious Greens
Two state elections have upturned German politics ... more 
Bob Dudley, BP's chief executive, has got the oil giant into a real mess over its Russian deals
Bob Dudley, BP's boss, has got the oil giant into a mess over its Russian deals ... more

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WSJ | India News - India Real Time : Microsoft Co-Founder Hits Out at Gates



April 1, 2011 --


Aide's Trades Pressure Buffett
A brief phone call with a top executive has landed billionaire investor Warren Buffett in one of the most sensitive positions in his 60-year business career.

India Passes 1.2 Billion Mark
India released the first results of a new census showing that the world's second-most populous nation added 181 million people?equivalent to about five Canadas?in the past decade to reach a total of 1.21 billion.

Radiation Found in Plant Groundwater
Workers at Japan's stricken Fukushima Daiichi nuclear-power complex found radioactive groundwater just outside a troubled reactor building, capping a day of uncertainty that saw Japan's prime minister question the country's pursuit of nuclear power.

NATO Rules Out Arming Libya Rebels
Officials at the North Atlantic Treaty Organization, which early Thursday assumed control of allied operations to enforce the United Nations mandate in Libya, said they aren't considering arming Libyan rebels.

India February Exports Rise 49.7%
India's merchandise exports rose 49.7% to $23.5 billion in February from a year earlier, according to provisional data issued by the Ministry of Commerce.
Go to Page  MOST POPULAR
Microsoft Co-Founder Hits Out at Gates
Bill Gates schemed to take shares in Microsoft from his co-founder during the early days of the software company following his partner's treatment for cancer, according to a new memoir by the billionaire co-founder, Paul Allen.

India Tops Pakistan to Reach Cricket Finals
India beat arch rival Pakistan by 29 runs in the World Cup semifinal as star player Sachin Tendulkar once again rose to the occasion in front of a capacity crowd.

India Passes 1.2 Billion Mark
India released the first results of a new census showing that the world's second-most populous nation added 181 million people?equivalent to about five Canadas?in the past decade to reach a total of 1.21 billion.

In India, Doubts Gather About Boom
The mood in India has soured badly in recent months due to a string of corruption scandals and concern that the benefits of growth still haven't spread widely among its 1.2 billion people.

Buffett Successor List Gets Shorter
A month after Berkshire Hathaway said it had expanded a secret list of possible successors to billionaire CEO Warren Buffett from three to four, the resignation of an often-praised deputy will likely pare it back again.
Go to Page  India Real Time
Mahindra: We’ll Stick With Ssangyong
Media day at an auto show like the Seoul Motor Show is filled with lots of fake drama. There?s always a big build-up when a car is unveiled.

Tamil Nadu Elections: The Incumbent, DMK’s Karunanidhi
If M. Karunanidhi?s Dravida Munnetra Kazhagam (Dravidian Progress Party) and its allies win the Tamil Nadu elections this time, when the state holds assembly polls on April 13, it will be his sixth term as chief minister of the southern state.

India Digest: Manmohan Lays Down Reforms Road Map
Here is a roundup of news from Indian newspapers, news wires and Web sites on Friday, April 1, 2011. The Wall Street Journal has not verified these stories and does not vouch for their accuracy.

India This Evening: Government Liberalises FDI Policy to Boost Inflows
Here is a roundup of news from Indian newspapers, news wires and Web sites on Thursday, March 31, 2011. The Wall Street Journal has not verified these stories and does not vouch for their accuracy.

Opinion Split on Gandhi Book BanLawmakers in Gujarat Wednesday banned a new book on Mahatma Gandhi which, according to reviews and reports, hints he may have had a gay lover. Federal-le