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Showing posts from June, 2011

Jon Markman's Speculations: Keep market exposure — apply caution in late July Commentary: After earnings season, expect a long, hot summer

By Jon Markman , MarketWatch  SEATTLE (MarketWatch) — U.S. stocks have ripped higher in the past week on optimism that the government of Greece would be able to impose austerity budget measures that will shackle its people to three decades of indentured servitude to French and German banks and not get thrown out on its ear. TODAY'S TOP INVESTING IDEAS | Research tools Stock market merits caution in late July Recent gains could be a blip in the downtrend that started in April, writes Jon Markman. Here's his advice. • Arends: Why you don’t need a ‘black swan’ fund • Marder: Aggressive speculation is back • Most important point in market history • The end of 'QE2' and you (SmartMoney) • Brimel

SEC Announces Agenda and Panelists for Roundtable on International Financial Reporting Standards

FOR IMMEDIATE RELEASE 2011-139 Washington, D.C., June 30, 2011 — The staff of the Securities and Exchange Commission today announced the panelists and final agenda for the International Financial Reporting Standards (IFRS) Roundtable to be held July 7. The roundtable will feature three panels representing investors, smaller public companies, and regulators. The panel discussions will focus on topics such as investor understanding of IFRS, the impact on smaller public companies, and on the benefits and challenges of incorporating IFRS into U.S. public company accounting. The agenda and list of panelists can be found on the SEC website. The roundtable discussion will begin at 10 a.m. and will be available by webcast on the SEC website. The webcast also will be archived for later viewing. Public seating is available on a first-come, first-served basis in the Multipurpose Room at the SEC’s headquarters at 100 F Street NE in Washington, D.C. Members of the publ

New year, similar challenges : The Australian Business Briefing

  Wall St rallies for a fourth day Brendan Conway US stocks surged for a fourth straight day, with the blue-chip index jumping more than 150 points amid encouraging US economic data.   New year, similar challenges Tim Boreham "Moving forward" may have been elevated to a political slogan, but the 2010-11 financial year was more a case of Groundhog Day .   ASIC outlines Hardie appeal Susannah Moran THE corporate regulator fears it will face "more onerous" duties than prosecutors seeking criminal actions against James Hardie.   Samsung, Apple war escalates Evan Ramstad THE LEGAL showdown between Apple and Samsung Electronics has escalated, spreading to six countries and the International Trade Commission.   Corporates urged to expand offshore Damon Kitney FOUR of the nation's business leaders have urged Australian companies to reactivate international expansion plans.   Hope for MIS c

Parkinson calls for reform agenda | THe Australian Capital Circle

Parkinson calls for reform agenda Treasury Secretary Martin Parkinson has laid down a reform challenge to both sides of politics. The PM's Diary: Julia Gillard is in her electorate of Lalor. She'll be talking about the government's paid parental leave scheme, which starts today. Tony Abbott is in Melbourne. He'll speak at lunch time at The Australian's Growth Challenge conference at Melbourne University. On his regular Today show appearance this morning, he hit back at Greens Leader Bob Brown's promise to block any attempt to roll back the carbon tax if the Coalition wins the next election, saying: "Look, it is not so much an issue for Bob Brown, it is an issue for Julia Gillard and the Labor Party. If we win the next election we will have the clearest possible mandate to overturn any carbon tax that has been introduced and I would expected the Labor Party to respect that. That is the issue for the Labor Party. Are they go to go r

Wall St rises for 4th day; ends down for June | Reuters - Daily Investor Update

LATEST NEWS Wall St rises for 4th day; ends down for June NEW YORK (Reuters) - U.S. stocks ended a volatile quarter on Thursday with their biggest four-day rally since September as positive economic data and a temporary resolution of Greece's debt crisis indicated further gains in July. | Full Article Greece passes austerity bill after trouble-free vote June 30, 2011 04:14 PM ET ATHENS (Reuters) - The Greek parliament passed a second austerity bill Thursday, opening the way for the EU and IMF to release a 12 billion euro ($17 billion) loan installment which Athens urgently needs to stave off bankruptcy. | Full Article MBIA may pursue fraud claim vs BofA's Countrywide June 30, 2011 03:36 PM ET NEW YORK (Reuters) - MBIA Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide Financial unit of fraudulently misleading it about mortgage securities it insured, costing at least $1.4 billion. | Full Article

NYT: Afternoon Business News: German Banks Agree to Roll Over Greek Debt

BUSINESS German Banks Agree to Roll Over Greek Debt By MATTHEW SALTMARSH and STEPHEN CASTLE The financing plan is based on a similar agreement with France and its banks and is seen as crucial to securing more aid for Greece. DealBook Mortgage Executive Receives 30-Year Sentence By BEN PROTESS Lee B. Farkas, the former chairman of Taylor, Bean & Whitaker, received less than the 385-year penalty sought by federal prosecutors. Graphic: Tracking Financial Crisis Cases DealBook Lloyds Plans to Cut 15,000 Jobs By JULIA WERDIGIER The Lloyds Banking Group said that it also planned to scale back its overseas operations as part of a larger reorganization aimed at allowing the British government to sell its stake in the lender. DealBook Morgan Stanley's Next No. 2, the Guessing Game By SUSANNE CRAIG Morgan Stanley's chief executive, James P. Gorman, who is likely to take over as chairman next year, may wait awhi

CBS NEWS | Political Hotsheet Top Stories: Republicans, White House trade barbs over debt

CBS POLITICAL HOTSHEET TOP STORIES         Michele Bachmann goes quiet on homosexuality GOP presidential candidate with longstanding opposition to same-sex marriage dodges questions about her and her husband's views Read full story Republicans, White House trade barbs over debt Senate Republican leader Mitch McConnell said today Obama should visit Capitol Hill to see that the GOP won't accept his debt reduction plans; WH rebuffs offer Read full story Obama to answer questions in Twitter town hall Presidential Twitter town hall will take place next Wednesday; Republicans plan Twitter debate July 20 Read full story Obama, Romney go head-to-head in Philadelphia Both Mitt Romney and President Obama will be in Philadelphia for fundraisers today, as Romney ratchets up his attacks on Obama's economic policies Read full story MSNBC suspends Mark Halperin after Obama gaffe Time Editor-at-L

U.S. stocks end higher for fourth straight session; Dow's up 153 points: MarketWatch - Bulletin

12,450 12,400 12,350 12,300 12,250 10a 11a 12p 1p 2p 3p Market closed 12,414.34 Change +152.92 +1.25% Volume 179.98m Jun 30, 2011, 4:30 p.m. Previous close 12,261.42 Day low Day high 12,262.10 12,427.09 Open: 12,262.25 52 week low 52 week high 9,614.32 12,876.00

CMI Gold & Silver Spot Prices , Thursday June 30, 2011

Spot Prices as of the close of trading in New York As of: Thursday June 30, 2011 Today Change Week Ago Month Ago Year Ago Gold $1,502.35 -$8.60 $1,520.90 $1,524.15 $1,205.60 Silver $34.83 +$0.05 $35.04 $37.40 $17.79 Platinum $1,729.30 +$3.50 $1,697.20 $1,780.00 $1,507.00 Palladium $761.60 +$8.10 $747.10 $757.95 $430.50

Banks reverse course on reverse mortgages: MarketWatch | Personal Finance Daily:

Personal Finance Daily JUNE 30, 2011 Banks reverse course on reverse mortgages By MarketWatch Don't miss these top stories: Banks abandon reverse-mortgage business These days, a job counselor is grief counselor Why you don't need a black-swan fund 5 money moves one value-stock buyer is making now Government's ETF warning is meaningless Banks are getting out of the reverse-mortgage business — should you be worried? Not according to Robert Powell in his column today. Read more about the upheaval in this tiny corner of the home-loan market. Also, check out where mortgage rates went this week (the five-year adjustable-rate mortgage hit a new low), and read Jonathan Burton's column today to find out the five money moves one value-stock buyer — Simon Hallett, chief investment officer at Harding Loevner — is making now. Here's one: Buying into emerging markets by buying stock in multinational companies. Given Americans' l

The Economist | BusinessThis Week: Highlights Of New Coverage From June 25th - July 1st 2011 - 24th June 2011

Highlights from The Economist online's Business this week » The IMF's new head: Wanted: a French revolution » Greece and its creditors: A bank bail-out by another name? » American mortgages: Not quite settled » Regulating the internet: Google's enemies » The IMF selected Christine Lagarde as its new managing director. Ms Lagarde was the front-runner for the job from the moment Dominique Strauss-Kahn resigned in May. Her appointment came after America, China, Brazil and others lined up to back her bid, though some emerging-market countries continued to question the convention that only a European should head the fund. As French finance minister Ms Lagarde played a pivotal role in co-ordinating Europe's response to the euro area's debt crisis. See article » François Baroin was named as France's new finance minister, replacing Ms Lagarde. A hawk on balanced budgets, one of Mr Baroin's first tasks was to prepare for a meet