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Sep 1, 2011

CFTC Enfrcement Actions: CFTC Charges North Carolinian Roy Scarboro, Jr. with Solicitation Fraud and Misappropriating Customer Funds in Forex Scheme

The CFTC filed and simultaneously settled charges that Roy Scarboro, Jr. of Archdale, N.C., fraudulently solicited approximately $713,000 from customers to trade off-exchange foreign currency.
CFTC Charges North Carolinian Roy Scarboro, Jr. with Solicitation Fraud and Misappropriating Customer Funds in Forex Scheme

The Australian Busines Briefing: Weak factories darken outlook

Weak factories darken outlook
manufacturing Sudeep Reddy FACTORIES around the world are throttling back, further darkening the outlook for a faltering global economy.
Aitken puts 'sell' on Gillard
Charlie Aitken Scott Murdoch STOCKBROKER Charlie Aitken believes the Australian equities market would rally by 10 per cent if the Prime Minister was rolled.
Incitec blasts demerger talk
James Fazzino Michael Bennet INCITEC Pivot has rejected analysis supporting a demerger of its fertiliser arm, saying it is "very comfortable" with its make-up.
Qantas climbs on Tiger's woes
jetstar Steve Creedy, Aviation writer QANTAS Group passenger numbers were up 6.2 per cent in July, buoyed by Jetstar and the grounding of Tiger.
Libyan support slips on oil
Libyan dictator Muammar Gaddafi David Gauthier-Villars NATIONS united behind Libyan rebels who toppled the Gaddafi regime are divided on first access to the country's energy riches.
Being rich a costly affair
Rolex Oyster Robert Frank IF you think petrol is expensive, just be thankful you don’t have to buy Chanel quilted bags in Asia.
Hollywood taps $1bn fan base
110902 Bollywood Robin Pagnamenta HOLLYWOOD has started making films in India's regional languages in a bid to exploit a new, rich revenue stream.
Lynas locks in supply deal
Lynas Corp David Winning LYNAS has signed a deal to sell rare earths to German chemicals giant BASF, in a boost for its Malaysian processing plant.
Financial Markets
Banks, miners drag shares down
sharemarket THE sharemarket was down 1 per cent by early afternoon, extending earlier losses after weak leads from offshore markets.
Stocks fall after US volatility
Aitken puts 'sell' on Gillard
Financial Markets Coverage
Mining & Energy
Cape Lambert readies IPO
110617 Tony Sage, Cape Lambert Resources CEO Stephen Bell CAPE Lambert Resources it expects to issue a prospectus this month ahead of a proposed London IPO of its Sierra Leone asset.
Aitken puts 'sell' on Gillard
Lynas locks in supply deal
More Mining & Energy

MarketWatch Personal Finance Daily: Fed governor calls for refi program changes


Personal Finance Daily
SEPTEMBER 01, 2011

How to create a secure retirement

By MarketWatch

Don't miss these top stories:

Don't just worry about retirement, do something, Robert Powell writes in his column today. Easier said than done in this economy, right? Maybe, but the hands on the clock keep moving, so you might as well tackle your worries, create a financial plan and strategy and — most importantly, develop a specific vision of what you want your retirement to be.

And now for something completely different. MarketWatch technology commentator Therese Poletti writes today that the next big thing in tech is grilled cheese. A techno-enhanced grilled cheese restaurant to be exact. Flip video camera entrepreneur Jonathan Kaplan has a new start-up selling fast comfort food, made to order quickly, thanks to the use of technology in smartphones. The Melt, as the restaurant is known, just opened its first "fast casual" location this week in downtown San Francisco, getting a flurry of press attention. "We are making a comfort food at a time when Americans need a little bit of comfort," Kaplan told Poletti in an interview, as he watched a line form in front of the company's first store. "There is something about a bowl of soup and a grilled cheese like mom used to make."

Anne Stanley , Managing Editor, Personal Finance

MarketWatch special events: You're invited

MarketWatch extends a special invitation to our readers who are in Chicago and New York next month to attend one of our live talks on ETFs and retirement.

"Finding the Right Exchange-Traded Funds" is the topic of a MarketWatch panel discussion set for 9 a.m. Wednesday, Sept. 21, in Chicago, hosted by columnist Chuck Jaffe. Join us for this breakfast event featuring the expertise and analysis of Michael Falk of Michael S. Falk Asset Consulting in Chicago; David Trainer, president of New Constructs Inc. in Nashville; and Scott Burns, director of ETF, Closed-End and Alternative Fund Research for Morningstar. They'll discuss how to evaluate your investment strategies and navigate the increasingly complex world of ETF products.

If you'd like to join us for this free event, email your RSVP to by Monday, Sept. 19.

"How to Deal with Retirement's Biggest Risks" is the topic of a MarketWatch panel discussion set for 8 a.m. Tuesday, Sept. 13, in New York, hosted by Robert Powell. Join us for this breakfast event featuring Dr. Kathryn McCabe Votava, president,; Joseph Coughlin, director, AgeLab; and Rick Miller, CFP, founder of Sensible Financial Planning. They'll discuss how to protect and grow your retirement savings, how to cope with long-term health-care costs, how to live the retirement lifestyle you seek and provide a road map that can help you manage those risks.

If you'd like to join us for this free event, email your RSVP to by Friday, Sept. 9.


How to create financial security in retirement

When it comes to retirement, there's plenty to worry and dream about. But according to a recent survey, the three biggest worries that clients of financial advisers face seem somewhat easy to solve. Or at least they do to those who spend time studying such things.
Read more: How to create financial security in retirement.

Rates on 5-year ARMs fall to record 2.96%

Rates on 5-year adjustable-rate mortgages hit a record low of 2.96% this week, the eighth week in a row the mortgage rate has dropped, according to Freddie Mac's weekly survey of conforming mortgage rates.
Read more: Rates on 5-year ARMs fall to record 2.96%.

Tech's next new new thing: grilled cheese

The Melt, serial entrepreneur Jonathan Kaplan's next startup, is launching as the economy heads south, but fast grilled cheese could weather the storm.
Read more: Tech's next new think is grilled cheese.


Amazon's tablet advantage may lie in the margins

The online retailer is widely expected to launch a tablet offering to compete with the powerful iPad. Analysts say Amazon's key advantage is the ability to get away with thinner profit margins than electronics firms can.
Read more: Amazon's tablet advantage may lie in the margins.

Broken eggs or tennis balls?

Shares able to bounce back like a tennis ball from a decline are more likely to represent the real leadership, writes Kevin Marder.
Read more: Broken eggs or tennis balls?

Einhorn's best deal: not buying N.Y. Mets

Hedge fund investor made the right call in walking away.
Read more: Einhorn's best deal.

4 blue-chip stocks ripe for valuable spinoffs

Who will be spinning off operations next? Here are four big-name companies that could benefit from divvying up their businesses and find a warm reception to the new companies on Wall Street, according to Jeff Reeves.
Read more: 4 blue-chip stocks ripe for valuable spinoffs.


Fed governor calls for refi program changes

Changes should be made to the Obama administration's existing housing refinance program to enable the participation of more underwater borrowers, Federal Reserve Governor Elizabeth Duke said in a speech on Thursday.
Read more: Fed governor calls for refi program changes.

ISM Aug. manufacturing gauge at 25-month low

Activity in the manufacturing sector faintly grew in August, according to a closely followed index released Thursday.
Read more: ISM August manufacturing gauge at 25-month low.

U.S. initial jobless claims off slightly last week

First-time filings for jobless benefits fall last week but remain at a level associated with slow hiring trends.
Read more: U.S. initial jobless claims off slightly last week.

The Australian Capital Circle: Pressure grows on Gillard's leadership

Capital Circle Newsletter
Pressure grows on Gillard's leadership
Julia Gillard's hold on the leadership is being questioned following the High Court's Malaysia ruling.

Julia Gillard will talk to ABC Brisbane's Madonna King at 8.30am this morning. She'll spend the day working in Canberra. The PM will meet with UN secretary-general Ban Ki-moon in Canberra over the weekend.
Tony Abbott is in Barnaby country today - that's St George, Queensland to be precise. He'll visit a local farming property this morning and then join Liberal National Senator Barnaby Joyce to open his new electorate office.
The PM is now under fire on two major fronts following the High Court's decision to scrap the Malaysian solution. Her decision to criticise the High Court for its ruling has drawn fire from all sides. Worse, there are reports her future as leader is now being openly discussed, with a Kevin Rudd-Stephen Smith double act mooted.
The headlines : "Tick Tick Tick",  "Lost control", Gillard on notice", "Gillard versus the High Court" and "Rudd return looms" say it all.
The Herald Sun reports: SENIOR Government figures say Julia Gillard has "lost her authority" and have urged her to weigh up whether it's in Labor's best interests for her to stay on as PM.
Across the shows: Andrew Robb and Mary Crock will face up to Paul Bongiorno, Fran Kelly and Mark Kenny on Meet the Press. Peter Garrett and Bronwyn Bishop will face up to Peter Van Onselen, Paul Kelly and Steve Lewis on Australian Agenda.
Will he or won't he? Former Queensland Premier Peter Beattie will appear at the Queensland Media Club today. The topic?  "Will a strategy of 'just vote one' work at the 2012 State Election?". But the Gold Coast Bulletin reports today: Mr Beattie held confidential talks with top Labor officials to fast-track a run for Fe

The Australian Business Briefing: Global Markets Slow

Global factory activity slows
manufacturing Sudeep Reddy FACTORIES around the world are throttling back, signalling a broadening of the slowdown in economic activity.
Telstra pushes NBN deal
Telstra Tracy Lee TELSTRA is trying to convince shareholders that they must approve the NBN deal at next month's annual meeting.
Telstra fat cats get fatter
Telstra pushes NBN deal Mitchell Bingemann TELSTRA'S top-earning executives all received massive pay rises in the past year despite sharply lower profits
CSR to slash 115 jobs
CSR Teresa Ooi BUILDING products company CSR will restructure its loss-making Viridian glass business and slash up to 115 jobs.
Networks vie for bigger share
James Chessell James Chessell SEVEN and Nine have both declared they will grow their share of the free-to-air advertising pie next year.
Apparel moves upmarket, buys Willow
Apparel moves upmarket with Willow buy Damien Woolnough DESIGNER Kit Willow Podgornik is branching out with the sale of her Willow label to the Apparel Group, the owner of Sportscraft and Saba.
Leighton 'back on track'
Leighton Damon Kitney SPANISH construction giant ACS is confident "the storm is over" at Leighton Holdings.
Financial Markets
Wall St falls on jobs caution
Wall Street traders Steven Russolillo US stocks fell in choppy trading today, ending a four-day winning streak, as investors turned cautious before key jobs data.
Gold dips on factory survey
Copper falls 1pc as $US rises
Financial Markets Coverage
Mining & Energy
Copper falls 1pc as $US rises
Copper up on improved demand Tatyana Shumsky COPPER snapped a two-day rally today to finish lower on a stronger US dollar and caution ahead of tonight’s US jobs data.
Oil climbs to one-month high
Carabella on the rise
More Mining & Energy

bBNET - InterActive Business Network: When 'Get Good at One Thing' Is Bad Advice


Forget About Finding a Role Model

Having a role model is great, but you need more -- a lot more -- if you want to get better at what you do. Read More

Which Gender Wants More Flexibility at Work?

New research finds 42 percent of U.S. workers would take a pay cut in exchange for more flexibility at work -- and one gender is twice as likely to do just that. Read More

When 'Get Good at One Thing' Is Bad Advice

Most people think specializing in one skill or business is the way to stand out. Here's why that may be the wrong approach. Read More

VIDEO: Your Top Work Dilemmas -- Solved

This week you voted on what's holding you back at work. Watch the Live1 to find out the results along with the best of BNET's advice. Read More

Kitco | New York Market at Cose

New York Market Close Sep 01/11 05:23 PM EDT