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Apr 25, 2011

Financial & Forex Info | The Australian Business Briefing : Barrick trumps China for Equinox / Gold, silver soar to fresh records .....

  









Copper mine
UPDATED Chip Cummins EQUINOX Minerals has recommended a friendly $C7.3 billion takeover offer from Barrick Gold that bested a hostile bid by Minmetals.
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Gold, silver soar to fresh records

Gold
SILVER and gold prices surged to new records on continued weakness in the US dollar and uncertainty ahead of the Fed's policy meeting.

App makers decry Apple's slice of pie

iphone
APPLE is facing a revolt from makers of prominent apps over plans by the iPhone and iPad maker to take a 30 per cent cut from sales of subscriptions.

Wall St mixed ahead of Fed meeting

Wall St
US Stocks slipped this morning on concerns about the impact of rising input costs, ahead of the Fed's monetary policy meeting.

PlayStation network shut down indefinitely

PlayStation 3
INTERNET gamers were frustrated last week when Sony shut down its PlayStation Network. Now, they might have reason to be worried.

Telstra's forced break-up delayed

Stephen Conroy
TELSTRA has been granted a 90-day extension to the deadline to submit a plan to separate its retail and wholesale arms.

Protests threaten Lynas's rare-earths plant

Malaysia Rare Earth Protest
RARE-EARTHS miner Lynas's plans for a processing plant in Malaysia have been thrown into doubt over radiation fears.

Gasoline jumps, oil flat

Petrol
GASOLINE futures rose to their highest level in almost three years this morning, on expectations of further declines in US supplies.

Ratings agency finds holes in bond plan

House
THE federal government's proposed legislation that would allow banks to issue covered bonds is a good first step.

US woes 'nearly as bad as Greece'

US flag
ECONOMISTS are warning of a bond market crisis if debt troubles continue.

The Australian | Ping Newsletter: 22,000 join Vodafone legal suit


Ping Newsletter

22,000 join Vodafone legal suit
THE proposed class action against Vodafone Australia over mobile network performance is gaining pace.
PlayStation network shut down indefinitely
INTERNET gamers were frustrated last week when Sony shut down its PlayStation Network. Now, they might have reason to be worried.
App makers decry Apple's slice of pie
APPLE is facing a revolt from makers of prominent apps over plans by the iPhone and iPad maker to take a 30 per cent cut from sales of subscriptions.
Terminated contracts to hurt Vodafone
VODAFONE'S contract fee structure could be hurt by the customers terminating their monthly payments because of poor coverage.
Cities battle over internet domains
A LONG rivalry between Sydney and Melbourne has moved to the web, as both vie to be first to operate an international top-level domain.
An extra dimension takes flight
SONY'S Vaio F 3D-capable laptop is perfect for freaking out your fellow passengers on long plane flights.
Click here for all headlines


More IT Business
App makers decry Apple's slice of pie
22,000 join Vodafone legal suit
Telstra in the dark on storm damage cost
Seek sought and found hardware provider





More Exec Tech
An extra dimension takes flight
Hacking attack downs PlayStation network
Pocket WiFi router a 'must have'
Nokia to support Symbian into 2014

The Economist Selected New Articles: Banyan | Lexington | Free Exchange | Johnson | Babbage | Democracy in America



Banyan examines the open wound that is Tibetan resentment of Chinese rule
Lexington says it would be folly for the West to intervene militarily in Syria
Free exchange pushes back against recent criticism of the Federal Reserve
Johnson notices that for people with multiple accents, context affects which one shows up
Babbage looks at the role online information (and Google) played in Japan's relief effort
Democracy in America notes an academic's suggestion to revive flogging in America

Gerald Celente: Still to Come the Greatest Depression

NYT: Afternoon Business News: Barrick Gold to Buy Equinox Minerals for $7.8 Billion


BUSINESS

DealBook

Barrick Gold to Buy Equinox Minerals for $7.8 Billion

By CHRIS V. NICHOLSON
As prices for commodities keep climbing, Barrick Gold has agreed to acquire Equinox Minerals in an all-cash deal.
DealBook

Jurors Get Rajaratnam Case

By AZAM AHMED
Raj Rajaratnam's fate now lies with the teachers, nurses and public servants from Westchester County, Manhattan and the Bronx who serve on the jury of his insider trading case.


Sales of New Homes Rise, but Pace Remains Slow

By DAVID STREITFELD
The rate was up from February but a glut of distressed properties remains a drag on the market.
DealBook

HSBC Drops Out of Retail Banking in Russia

By ANDREW E. KRAMER
HSBC joins Barclays of Britain and Banco Santander of Spain in either closing retail branches in Russia or scaling back plans to open them.

Hotels Spruce Up Their Executive Lounges

By TANYA MOHN
With business picking up after the recession, many hotel chains are refurbishing the décor, amenities and food in their exclusive retreats for premium customers.

Financial & Forex Info | Kitco New York Market Close Report






New York Market Close Apr 25/11 05:21 PM EDT
Metals
Bid
Ask
Change
Low
High
Gold
1507.40
1508.40
2.70
0.18%
1501.20
1519.30
Silver
46.98
47.00
0.37
0.79%
45.66
49.85
Platinum
1817.00
1831.00
4.00
0.22%
1807.00
1847.00
Palladium
754.00
760.00
-14.00
-1.82%
746.00
781.00

Financial & Forex Info | Reuters Technology Report: Netflix profit rises but outlook disappoints









News

LATEST NEWS
Netflix profit rises but outlook disappoints
April 25, 2011 04:43 PM ET
NEW YORK (Reuters) - Netflix Inc. , the video rental company, reported better-than-expected profit and revenue, but issued an outlook for the second quarter that disappointed investors and sent shares down 5 percent. | Full Article
Nintendo to launch new Wii in 2012 as profit slips
April 25, 2011 10:17 AM ET
OSAKA, Japan (Reuters) - Nintendo Co Ltd said it would launch a successor to its aging Wii game console in 2012 as it struggles to win back users from rivals Microsoft and Sony and seeks to reverse a slump in profits. | Full Article
Yahoo buys TV "check-in" company IntoNow
April 25, 2011 12:58 PM ET
NEW YORK (Reuters) - Yahoo Inc said on Monday it has bought IntoNow, a start-up that enables users to identify and share television programs with their friends, in its continuing drive to boost its social media credentials. | Full Article
Barnes & Noble improves Nook Color to take on iPad
April 25, 2011 01:45 PM ET
NEW YORK (Reuters) - Barnes & Noble on Monday introduced new features to its Nook Color e-reader designed to make the device more competitive with Apple's iPad and to offer more functions that Amazon.com's Kindle does not. | Full Article
Apple's iPad miss prompts cuts in forecast
April 24, 2011 11:41 AM ET
SAN FRANCISCO (Reuters) - Apple Inc surprised no one with yet another quarter packed with spectacular numbers. But a miss in sales targets on the iPad may prompt some to temper their lofty views. | Full Artic

Financial & Forex Info | Reuters - Daily Investor Update: Inflation jitters halt Wall Street rally on quiet day













News
LATEST NEWS
Inflation jitters halt Wall Street rally on quiet day
NEW YORK (Reuters) - In the lightest volume session of the year, stocks fell after a lowered outlook from Kimberly-Clark heightened concerns about higher commodity costs squeezing profits in coming quarters. | Full Article

Netflix profit rises as it adds more subscribers
April 25, 2011 04:25 PM ET
NEW YORK (Reuters) - Netflix Inc. , the video rental company, reported higher quarterly profit and revenue, adding 3.3 million U.S. customers and cementing its status as the hottest service for TV and movie streaming. | Full Article
Barrick challenges Minmetals with rich Equinox bid
April 25, 2011 04:20 PM ET
NEW YORK/TORONTO (Reuters) - Barrick Gold Corp has agreed to pay C$7.3 billion ($7.68 billion) for Equinox Minerals , pitting the world's largest gold miner against China's Minmetals Resources in a battle for increasingly scarce copper assets. | Full Article
Nasdaq and ICE doubt NYSE-D.Boerse cost savings
April 25, 2011 04:35 PM ET
NEW YORK (Reuters) - Nasdaq OMX Group and IntercontinentalExchange warned NYSE Euronext investors to be "highly skeptical" of the additional cost savings that the NYSE says will result from its friendly merger with Deutsche Bourse. | Full Article
New home sales rebound but market still seen weak
April 25, 2011 04:11 PM ET
WASHINGTON (Reuters) - Sales of new U.S. homes rose in March and the number of new properties on the market was its lowest since the 1960s, but further gains will be hampered by the broader property glut. | Full Article

US TOP NEWS
Syria sends tanks into Deraa where uprising began
April 25, 2011 03:45 PM ET
AMMAN (Reuters) - Syrian troops and tanks poured into Deraa on Monday, seeking to crush resistance in the city where a month-long uprising against the autocratic 11-year rule of President Bashar al-Assad first erupted. | Full Article
Special Report: Is Buffett's teflon finally wearing off?
April 25, 2011 12:26 PM ET
NEW YORK (Reuters) - Aside from maybe the odd cheeseburger stain on his tie, nothing much sticks to Warren Buffett. | Full Article
Air strike flattens building in Gaddafi compound
April 25, 2011 03:20 PM ET
TRIPOLI (Reuters) - NATO forces flattened a building inside Muammar Gaddafi's Bab al-Aziziyah compound early on Monday, in what his officials said was a failed attempt on the Libyan leader's life. | Full Article
Jury deliberates Rajaratnam's fate in insider case
April 25, 2011 04:34 PM ET
NEW YORK (Reuters) - The fate of hedge fund manager Raj Rajaratnam went to the jury on Monday in Wall Street's biggest insider-trading trial in two decades, a case that featured FBI phone taps and former friends who testified against him. | Full Article
Haley Barbour says no to 2012 White House run
April 25, 2011 03:54 PM ET
WASHINGTON (Reuters) - Mississippi Governor Haley Barbour said on Monday he will not run for the Republican presidential nomination in 2012 in a decision that came as a bit of surprise. | Full Article

HEALTH NEWS
Arkansas medical marijuana advocates begin petition
China considers financial incentives to promote organ donation
Pediatricians call for stricter laws for chemicals
TB study points to drugs to halt lung destruction
Merck, Qiagen launch Rwandan cervical cancer deal

CBS NEWS | Political Hotsheet: Haley Barbour opts out of presidential race .

The CBS News Political Hotsheet newsletter
CBS POLITICAL HOTSHEET TOP STORIES    



   
Miss. governor says he can't embrace "ten-year commitment" to "all-consuming effort"
Read full story
Haley Barbour opts out of presidential race

Law firm drops DOMA case, partner resigns Lead attorney on case defending Defense of Marriage Act resigns from firm after chairman announces withdrawal from case

Franklin Graham: Trump Prominent Christian Evangelist Franklin Graham says Donald Trump may be his choice for president

White House ratchets up pressure on Syria Outraged by continued attacks on protesters, White House considers new "targeted sanctions" against Assad regime

Giffords Daniel Hernandez, intern who assisted Giffords after gunshot wound, was defeated in bid to be University of Arizona student body president

CBS EVENING NEWS with Kate Couric: Syria Escalates Violent Crackdown

The CBS Evening News with Katie Couric newsletter

EVENING NEWS TOP STORIES    



   
Hi everyone,
Syrian leader Bashar Assad sent tanks to attack protesters into the southern city of Daara today. It's the latest nasty episode in the bloody crackdown on dissent in Syria. Barry Petersen reports from London - as foreign journalists have been barred from Syria. The latest document dump from WikiLeaks concerns Guantanamo inmates - including profiles of some of the most notorious al Qaeda leaders. David Martin takes a look. Astronaut Mark Kelly delivered some terrific news when I interviewed him. His wife, the wounded Congresswoman Gabrielle Giffords, will be able to attend his launch on Friday. Kelly says Giffords is now playing Scrabble and recovering more each day. After tonight's broadcast, I'll be heading off to London for the royal wedding. Tonight, Elizabeth Palmer reports on the security operation - the most expensive in British history. And Michelle Miller looks at past royal weddings. Rarely are they "happily ever after," but they always play a big role in shaping history. Katie Couric
CouricandCo@cbs.com


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