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Apr 18, 2011

Financial & Forex Info | The Australian Business Briefing: No case for rate rise: RBA minutes.

No case for rate rise: RBA minutes
RBA Enda Curran THE RBA board saw no case to change the official cash rate in April given the patchy nature of the economy and above average borrowing costs.
Qantas again lifts fares as fuel bites
qantas QANTAS will charge a fuel surcharge on frequent flyer redemption seats, as part of another round of air fare increases.
Shares fall deeper on debt concerns
shares THE Australian sharemarket was down sharply by early afternoon as investors worried about US and European sovereign debts.
Newcrest Mining lowers gold forecast
gold mine David Fickling THE world's third-largest gold miner by market value says its gold production this year will be as much as 4.4 per cent below previous forecasts.
Oil price limits Woodside revenue fall
Woodside Ross Kelly WOODSIDE says it may be difficult to recover a delay to the construction timetable of its $14 billion Pluto LNG project caused by bad weather.
Apple sues Samsung over Galaxy design
Apple Samsung Ian Sherr APPLE has filed a lawsuit claiming Samsung Electronics copied the look and feel of its popular iPhone smartphones and iPad tablet computers.
S&P makes historic cut to US outlook
US, Capitol Hill, US Capitol Stephen Bernard RATINGS agency Standard & Poor's has cut its outlook on US government debt to negative from stable for the first time in history.
OM halted as court battle begins
Mining David Fickling OM Holdings has suspended its shares as court action from its largest shareholder, ConsMin, over a share issue begins.
Financial Markets
Shares fall deeper on debt concerns
shares THE Australian sharemarket was down sharply by early afternoon as investors worried about US and European sovereign debts.
No case for rate rise: RBA minutes
Wall St falls sharply on S&P cut
Financial Markets Coverage
Mining & Energy
OM halted as court battle begins
Mining David Fickling OM Holdings has suspended its shares as court action from its largest shareholder, ConsMin, over a share issue begins.
PM rejects union's carbon tax job fears
Oil price limits Woodside revenue fall
More Mining & Energy Coverage

Financial & Forex Info News | Reuters Daily Investor Update: Wall Street falls on sovereign fears

Wall Street falls on sovereign fears
NEW YORK (Reuters) - Wall Street fell more than 1 percent on Monday as sovereign debt fears on both sides of the Atlantic and China's monetary tightening hurt the outlook for global economic growth. | Full Article

S&P threatens to cut U.S. credit rating on deficit
April 18, 2011 04:25 PM ET
NEW YORK (Reuters) - Standard & Poor's threatened to downgrade the United States' prized AAA credit rating on Monday unless the Obama administration and Congress find a way to slash the yawning federal budget deficit within two years. | Full Article
Citi profit falls as revenue shrinks, expenses surge
April 18, 2011 01:26 PM ET
NEW YORK (Reuters) - Citigroup Inc's first-quarter profit fell 32 percent as shrinking loans and poor trading results pressured revenue while expenses surged. | Full Article
Texas Instruments Q1 revenue and profit rise
April 18, 2011 04:35 PM ET
NEW YORK (Reuters) - Texas Instruments Inc reported first-quarter revenue of $3.39 billion, up 6 percent from the year-ago period. | Full Article
IMF criticizes response to overheating risks
April 18, 2011 01:31 PM ET
WASHINGTON (Reuters) - The International Monetary Fund on Monday criticized developing countries for not responding strongly enough to the surge of hot money into their markets, saying the result could be a hard economic landing. | Full Article

Financial & Forex Info | New York Times Market Close Report

New York Market Close Apr 18/11 05:21 PM EDT

NYT | Afternoon Business News: European Union Unity? Not on Debt Collection


European Union Unity? Not on Debt Collection

European officials say at least 55 billion euros a year in debt is simply being written off, much of it because businesses find it too daunting to press expensive lawsuits in foreign countries.

Talk of Greek Debt Restructuring Just Won't Die

Despite protestations by Athens and by European lenders, bond markets are anticipating a revised plan that would force investors to share the pain.

Citigroup Earnings Fall 32%

As it contended with mortgage troubles and sluggish economic growth, Citigroup posted profit of $3 billion in the first quarter of 2011, compared with a $4.4 billion profit in the period a year earlier.

Questions Raised on Purchases of Tokyo Electric Power Shares

Regulators want to know whether the series of trades, valued at up to $600 million, were structured to circumvent Japanese securities laws.
Media Decoder Blog

Publisher of 'Three Cups of Tea' to Conduct Review

Viking, the publisher of "Three Cups of Tea," said in a statement on Monday that it will review the book and its contents with the author, Greg Mortenson.

MarketWatch | Market Pulse: Texas Instruments net rises 1%

By Benjamin Pimentel
SAN FRANCISCO (MarketWatch) - Texas Instruments Inc. /quotes/comstock/13*!txn/quotes/nls/txn TXN -2.13% on Monday reported a first-quarter profit of $666 million, or 55 cents a share, compared with a profit of $658 million, or 52 cents a share, for the year-earlier period. The company said the earnings were impacted by about 2 cents a share due to the Japan earthquake. Revenue rose to $3.4 billion from $3.2 billion. Analysts had expected the Dallas-based chip maker to report earnings of 58 cents a share, on revenue $3.4 billion, according to a consensus survey by FactSet Research. For the current quarter, the company said it expects revenue in the range of $3.41 billion to $3.69 billion, and earnings per share of 52 cents a share to 60 cents a share. Analysts had expected TI to report earnings of 63 cents a share, on revenue of $3.53 billion, according to data from FactSet Research.
$ 34.05
-0.74 -2.13%
Volume: 14.77m
April 18, 2011 5:15p

CBSNEWS | Political Hotsheet: GOP challenges Carl Lewis' state senate bid

The CBS News Political Hotsheet newsletter


Republicans say former Olympian does not meet New Jersey state residency requirements
Read full story
GOP challenges Carl Lewis' state senate bid

Ten Commandments Judge moves toward 2012 run Roy Moore was removed from Alabama Supreme Court post in 2003; says "family, faith and freedom are under assault"

Spending battles sure to dominate in Congress Democrats and Republicans have a whole host of spending issues to resolve: the debt ceiling, the 2012 budget and fiscal reform

GOP official under fire for racist Obama image California Republican refuses to resign after emailing image depicting Obama as ape

GOP seizes S&P warning to make debt limit case Republicans are pointing to a Standard & Poor's report to say President Obama should adopt GOP deficit reduction ideas

The Economist | New or updated articles: Newsbook | Free Exhange | Gulliver | Prospero | Jhonson | Audio | Daily Chart

Newsbook: sees the True Finns strike a blow for Euroscepticism in Finland's general election
Free exchange: fears more trouble from Spain
Gulliver: wonders what's happening with America's air-traffic control
Prospero: discusses the breaking of bad news
Johnson: hears a man accused of fabulism defend himself carefully
Audio: New crackdowns in China
Daily chart: Internet penetration and freedom

WSJ: Tecnology Alert: Twitter in Talks to Buy TweetDeck for About $50 Million

Technology Alert
from The Wall Street Journal

Twitter is in advanced talks to pay $50 million for TweetDeck, an add-on program that helps Twitter users view and manage tweets. TweetDeck has at least 15 employees and contractors, most of whom are located in the U.K., according to its website. Twitter has been recruiting engineers and others in London and plans to open a U.K. office this year.

MarketWatch | Personal Finance Daily: What's in your insurance policy?

Personal Finance Daily
APRIL 18, 2011

Monday's Personal Finance Stories

By MarketWatch

Don't miss these top stories:

Earthquakes, floods, landslides. Standard homeowner's insurance policies don't cover damage from these and some other types of disasters. On the other hand, as Amy Hoak writes in her Home Economics column today, wind damage from a tornado or hurricane is more commonly covered. So do you know what is and isn't covered in your policy? As we continue to hear and see reports of the devastation in Japan, as news comes of deadly tornadoes over the weekend in North Carolina — and on the 105th anniversary of the quake and fire in San Francisco — maybe we should check our insurance policies and review our risks and coverage. A little time spent on this can provide a better understanding of our risks and maybe a little more peace of mind.

Anne Stanley , Managing Editor, Personal Finance


Insurance for earthquakes and other disasters

Many U.S. homeowners haven't insured their homes against earthquakes and other disasters, but the devastating losses in the wake of the recent earthquake and tsunami in Japan may cause people to give their insurance policies another look.
Read more: Insurance for earthquakes and other disasters.


2011 Mini Cooper S Countryman: maximum Mini

The largest Mini yet, the 2011 S Countryman, is a big improvement over its smaller stablemates and, with the right engine, loads of fun to drive.
Read more: 2011 Mini Cooper S Countryman: maximum Mini.


Private health-care advocates offer other options

A medical issue can spring up with sudden ferocity, and even savvy patients can find themselves overwhelmed when trying to navigate care and insurance. Private health-care advocates can help.
Read more: Private health-care advocates offer other options.


Give flowers a DIY flair

Spring flowers are blooming. Bring the beauty indoors by making your own floral arrangements. Sylvia Burgess of Montbretia Floral Design in San Francisco gives easy tips for the do-it-yourself floral designer.
 Watch video: Give flowers a DIY flair.


S&P warns politicians to start talking

Ratings company Standard & Poor's warns U.S. politicians to start talking in earnest about the budget deficit.
Read more: S&P warns politicians to start talking.

Text of S&P's downgrade of U.S. ratings outlook

The following is the text of Standard & Poor's release of its decision to downgrade the ratings outlook on the U.S. debt:
Read more: Text of S&P's downgrade of U.S. ratings outlook.

The world's 10 costliest militaries

The end of the Cold War and the rise of China's economic power and emergent regional conflicts and rivalries have injected new fluidity into the rankings of the world's biggest-spending military powers.
Read more: The world's 10 costliest militaries.


Fund manager changes may bring new problems

Managerial changes happen regularly at mutual funds, but often investors aren't aware until the news appears in the next published fund report.
Read more: Fund manager changes may bring new problems.

Stocks drop after S&P cuts U.S. outlook

Wall Street gets slammed after a ratings company lowers its long-term outlook on the U.S. to negative from stable.
Read more: Stocks drop after S&P cuts U.S, outlook.

MarketWatch | Market Pulse U.S. stocks drop sends Dow to worst day in a month

By Laura Mandaro 

SAN FRANCISCO (MarketWatch) -- U.S. stocks ended broadly lower Monday on worries over the prospects for U.S. borrowings after Standard & Poor's cut its outlook on the U.S. to negative. The major indexes recovered from the day's lows, however. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed DJIA -1.14% ended down 140.24 points, or 1.1%, at 12,201.59, its worst one-day drop since March 16, in the aftermath of Japan's quake and tsunami. It had fallen more than 240 points earlier. The S&P 500 /quotes/comstock/21z!i1:in\x SPX -1.10% fell 14.54 points, or 1.1%, to 1,305.14, with energy leading declines across all 10 industry sectors. The Nasdaq Composite /quotes/comstock/10y!i:comp COMP -1.06% fell 29.27 points, or 1.1%, to 2,735.38.

Financial & Forex Info | :Trend Vs Reversal Trading

Today's Featured Experts 

Trend vs. Reversal Trading

BackTesting Report editor Jackie Ann Patterson discusses these two different trading approaches and notes that...   (3:08)
View All of Today's Video Releases

Trading Idea of the Day

A Buy Set-Up for Beaten-Down Dollar

Posted 4/18/2011
Nobody is bullish on the beaten-down US dollar right now, but the charts show several factors aligning that would make... UUP FOREX

Currency Corner

The Forex Trading Week Ahead

Posted 4/18/2011
A vulnerable US dollar, the potential for euro debt crisis 2.0, and central bank action in fast-growing economies like... FOREX

Tips For Traders

One Thing Is Key for Gold, Oil, Stocks

Posted 4/18/2011
What happens next in the US dollar index is likely to determine the future price movement for stocks and red-hot commodities... COMMODITIES
—Sponsored by RJO Futures

Options Idea

Using Implied and Historical Volatility

Posted 4/18/2011
Analyzing implied and historical volatility can help option traders gain a critical edge, while skipping this step can often make...  OPTIONS


Health Care REITs Break Out

Posted 4/18/2011
Improving prospects for the industry, attractive yields, and a positive... STOCKS
View This Week's Charts

Exclusive Interview

Understanding Options Assignment

Posted 4/18/2011
Option traders can watch certain factors to get a better understanding of when their options may be put to or called away from...  OPTIONS

Trading Lesson

The 4 Best Buys in Emerging Markets

Posted 4/7/2011
Technical and fundamental signals are indicating that emerging markets may soon regain leadership. Here are four emerging markets ETFs with the best risk/reward profiles... EEM, DEM, THD, ECH ETFS
—Sponsored by RJO Futures

Trader Talk Podcast

Daytrading 101: What You Need to Know

Posted 4/14/2011
Michael Sincere has helped thousands of beginning traders by way of his many books. In this interview, I ask him about getting started in daytrading today ...  STRATEGIES