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Sep 13, 2011

Microsoft showcases Windows 8: The Australian IT - Ping Newsletter

Ping Newsletter
Microsoft showcases Windows 8
MICROSOFT has pulled back the curtain on Windows 8 which is designed to power not only PCs but also rivals to Apple's iPad.
 
HTC's 3D smartphone launched
HTC today has released its 3D camera phone in Australia. It's the second phone locally that lets users create and view 3D content.
 
Dell unveils $US5bn buyback
DELL has approved a plan to buy back up to $US5 billion in stock, or about a fifth of its current market value.
 
Cochlear facing six-year low
COCHLEAR'S recall of its Nucleus 5 hearing device could see the company post its weakest full-year earnings in six years.
 
Local authors join online book lawsuit
AUSTRALIAN authors have joined a legal action against five US universities accused of "abducting" more than seven million books
 
NBN will 'destroy' private firms
THE federal government has been accused of destroying private businesses installing broadband networks.
 
Telstra, Google exit IIA
IT giants turn their back on the Internet Industry Association.

Technology Report: Developers get early taste of Windows 8: Reuters - Technology Report


News
Intel Corp and Google Inc launched a development partnership aimed at accelerating the chipmaker's foray into smartphones. They will work together to optimize future versions of Google's Android mobile software for Intel's "Atom" processors, hoping to speed the development and time-to-market of future Intel-powered smartphones.

Microsoft Corp handed out sleek new tablet computers with a test version of Windows 8 at its annual developer conference, to spark excitement over its new operating system.

Cisco Systems Inc CEO John Chambers said he remained upbeat about technology spending by customers despite an uncertain economic outlook.

Dell Inc, the world's second-largest computer maker, is cautiously optimistic that its strong performance in Europe and Asia will continue, but is concerned about U.S. government spending, an executive said.

The forecasts will be key for BlackBerry maker Research In Motion this quarter, as investors grope for hints that the company's long downturn is coming to an end.

Nintendo's attempt to rescue its failed 3DS handheld games gadget failed to dispel market gloom, triggering a 5 percent share slide and stoking deep worries for an iconic brand desperate to win back users.


LATEST NEWS
Developers get early taste of Windows 8
September 13, 2011 05:06 PM ET
ANAHEIM, California (Reuters) - Microsoft Corp handed out 5,000 sleek Samsung tablet computers running a test version of Windows 8 at its annual developer conference on Tuesday, hoping to stoke excitement over its new operating system. | Full Article
Google bid for Motorola rose in negotiation: filing
September 13, 2011 07:51 PM ET
(Reuters) - Google Inc raised its offer for Motorola Mobility Holdings Inc by 33 percent to $12.5 billion over two weeks of negotiations between the two companies, according to a regulatory filing on Tuesday. | Full Article
Exclusive: U.S. in criminal probe of eBay employees
September 13, 2011 07:08 PM ET
SAN FRANCISCO (Reuters) - U.S. prosecutors have launched a criminal probe into whether eBay Inc employees took confidential information from classified ad website Craigslist as eBay sought to build a rival service, a copy of a grand jury subpoena obtained by Reuters shows. | Full Article
Cisco slashes sales outlook, enters new era
September 13, 2011 06:58 PM ET
SAN FRANCISCO/NEW YORK (Reuters) - Cisco Systems Inc slashed its long-term forecasts, acknowledging an end to an era of scorching growth after cutting thousands of jobs in a sweeping four-month reorganization. | Full Article
Intel, Google unveil Android mobile partnership
September 13, 2011 04:03 PM ET
SAN FRANCISCO (Reuters) - Intel Corp and Google Inc launched a development partnership on Tuesday, the latest effort by the world's dominant maker of PC microprocessors to break into the booming smartphone market. | Full Article

“CAN THE CFTC SEE THE BIG PICTURE?”: CFTC | Speeches & Testimony:




Public Policy Keynote Address by Commissioner Scott D. O’Malia before 2011 International Swap and Derivatives Association, Annual North America Conference

September 13, 2011
I would like to thank Stephen O’Connor and the International Swap and Derivatives Association (ISDA) for inviting me to speak with you today. As I was thinking about my remarks for this conference I was struck by its title, “Shaping the Future of Derivatives.” Even before the passage of the Dodd-Frank Act, the Commission has worked to shape the future of derivatives. To date, the Commission has issued 57 advance notices of proposed rulemaking or notices of proposed rulemaking, two interim final rules, 13 final rules, and one proposed interpretative order. Only last Thursday, though, did the Commission finally turn its attention in its last open meeting to addressing how industry will be required to comply with the various implementation requirements for the numerous, intertwined rulemaking initiatives.
Implementation
The Chairman has frequently used the word “mosaic” to describe our proposed regulatory framework, including during last Thursday’s meeting. I looked up the word in the Merriam-Webster Dictionary, which defines “mosaic” as “a surface decoration made by inlaying small pieces of variously colored material to form pictures or patterns.” The definition notes that, in general, “mosaics” are highly detailed. Unfortunately, the implementation proposals that the Commission approved last Thursday are anything but detailed. Rather than setting forth a guide to understanding how the different rulemaking implementation, or effective date, sections should be pieced together to form a “mosaic”, the implementation proposals themselves more resembled a Jackson Pollack painting from the abstract expressionist movement.
As I have repeatedly emphasized, we can no longer continue to provide the market with broad abstractions. The Commission is in the process of approving final rulemakings. Now is the time for the Commission to give the market concrete direction on how and when to translate the Dodd-Frank rulemakings into an operational reality.
Those of you watching the Commission meeting last Thursday would have noticed that I voted against the implementation proposals. You may have been surprised because, since the beginning of this year, I have continually called for the Commission to present the market with an implementation schedule for notice and comment. I had hoped that an implementation schedule would give market participants the certainty that they need to begin an orderly transition to regulation. I had expected that any such schedule would, at a minimum, specify:
  • for each registered entity, compliance dates for each of its entity-specific obligations; and
  • for each market-wide obligation, such as the clearing and trading mandates, the entities affected (whether they are registered and unregistered), along with appropriate compliance dates.
In contrast, the two proposals that the Commission took up for consideration raised more questions than they answered.
First, the proposals only addressed a handful of the rulemakings that we have proposed and finalized. Second, the proposals failed to do several key things. The proposals did not provide market participants with reasoned estimates of beginning and end dates. The proposals did not explain their rationale for determining that 90, 180, and 270-day timeframes were appropriate, rather than the longer timeframes that some commenters had sought when they provided feedback after the Commission’s roundtable on implementation issues. They did not quantify the costs and benefits of the 90, 180, and 270-day timeframes in comparison with alternatives. Finally, the proposals failed to define, or even acknowledge that the Commission intends to define, key triggering terms, such as “made available for trading.”
I voted against the proposals because they failed to provide a comprehensive implementation strategy. They simply did not set forth the clear transition milestones that market participants have repeatedly requested. I hope that the final rulemakings will better demonstrate that the Commission is clear on: (i) how all of its proposals work in concert together; (ii) how market participants can comply with all such proposals; and (iii) when market participants need to be in compliance.
With the hope of giving the market some insight, and based on the limited details in the implementation proposals as well as my deliberations with the Chairman at last Thursday’s meeting, let me share what I believe will be the rough timeline for implementation of the Dodd-Frank rules. I believe that entities that the implementation proposals deem “Category 1” (i.e., swap dealers, major swap participants, and active funds) will not become subject to mandatory clearing until approximately the third quarter of 2012. Entities that the proposals deem “Category 2” or “Category 3” will not become subject to mandatory clearing until 90 or 180 days later. To resolve any lingering ambiguity, the Commission may determine that a swap is subject to mandatory clearing before the third quarter of 2012, but the implementation proposals clarify that entities need not be in compliance at the time of such determination. As I noted last Thursday, the criteria that the Commission will use to make mandatory clearing determinations are still unclear. Therefore, I would continue to encourage market participants, as well as the public, to comment on the letter that I have circulated regarding the need for more guidance on such criteria.1
Next Steps
How should the Commission move forward and responsibly shape the future of derivatives? Given where we are at today, having published the myriad of rules that comprise the “mosaic”, what should our next steps be?
First, the Commission needs to refine its implementation proposals. At a minimum, we need to provide:
  • more definite dates for entity-specific obligations;
  • more transparent criteria for phasing of the clearing and trading mandates, including a fuller explanation of when exactly the Commission will consider a swap to have been “made available for trading”,
  • more detail on the phasing (by participant, asset class, or otherwise) of other market-wide obligations, such as data reporting; and
  • the proposals should at least reference the provisional swap execution facility (SEF) registration process, which is crucial to the success of the trading mandate.
The implementation proposals have a 45-day comment period. I urge you all to file comments, not only on the proposals but on the questions that I included in my dissent, which should be published both on the Commission’s website and in the Federal Register shortly.
Second, the Commission needs to focus on resolving extraterritoriality and inter-affiliate issues. If I were to think like a market participant for a moment, the first questions I would ask when confronted with Dodd-Frank are which of my business lines are affected, and which of my entities are affected? Unless the Commission resolves extraterritoriality and inter-affiliate issues, market participants cannot definitively answer these questions and cannot move forward to design the most cost-efficient methods of compliance. Neither issue, however, appears on the preliminary schedule of rules that the Commission will be considering over the next months into the first quarter of 2012 that the Chairman set forth on Thursday.
Third, the Commission needs to focus on international coordination. As I stated last Thursday, it is becoming increasingly clear that the schedule, or timeline, for financial reform is converging among the G-20 nations. It is less clear that the substantive policies underlying financial reform is experiencing the same convergence. That fact may have competitive implications that we have yet to examine fully. Specifically, we need to be more cognizant of imposing costs on entities within our jurisdiction that competitors outside of our jurisdiction will not bear. Also, for entities operating in multiple jurisdictions we should be more cognizant of minimizing unnecessary duplicative regulatory requirements, and opportunities for international regulatory arbitrage.
Finally, I’d like to say a word on regulation of derivatives clearing organizations (DCOs). I noticed that such regulation is an item on this conference’s agenda. As I have stated previously, it will be important for the final regulations to strike the appropriate balance between managing DCO risks and facilitating open access, which includes ensuring that market participants do not find it too costly to clear. Another related topic that has been the subject of much debate recently is participant eligibility. For example, in anticipation of potential Commission regulations ICE Clear Credit lowered its minimum capital requirement for membership to $100 million, but imposed a new excess capital requirement equal to at least 5 percent of customer segregated funds. I understand that there are many different perspectives on this topic. Since I will need to make a decision on final DCO regulations in the near future, I am curious to hear your thoughts on participant eligibility, as well as on any other aspects of DCO regulation. What should I consider in determining whether the final DCO regulations have struck the best balance between risk management and open access?
How We Can Get There
To help the Commission take responsible next steps, I am setting forth specific requests.
First, generally, the following requests implicate all rulemakings:
  • Comprehensive Implementation Schedule. The Commission needs to develop and publish a comprehensive implementation schedule for notice and comment.
  • Extraterritoriality, Inter-Affiliate Transactions and International Coordination. The Commission needs to develop detailed and coordinated rulemakings with the Securities Exchange Commission (SEC) on the transactions and entities that will be subject to our regulatory “mosaic.” The Commission also needs to examine, in greater detail, the competitive effects of its regulations in the context of the global derivatives markets.
  • Improved Cost-Benefit Analyses. The recent DC Circuit Court Business Roundtable2 decision was a wakeup call that I hope the Commission will not ignore. The Commission needs to improve its cost-benefit analyses, including quantifying the costs and benefits of its regulations and detailing the rationale for rejecting alternatives.
Second, regarding requests that implicate specific rulemakings:
  • Customer Clearing Documentation. On July 19, 2011, the Commission approved a proposal that targeted the FIA-ISDA Cleared Derivatives Execution Agreement. As with DCO participant eligibility, I have heard many different perspectives on this proposal. I have called for a staff roundtable so that the Commission might gather interested market participants (i.e., swap dealers, buy-side, trading platforms, and DCOs) in one room to discuss the necessity of this proposal. It’s my understanding that we will have a staff roundtable in early October.
  • Guidance on Mandatory Clearing and “Made available for Trading.” The Commission must explain its standards and priorities for determining which swaps should be subject to mandatory clearing. As I previously mentioned, I have circulated a letter to market participants, as well as the public, to solicit comments. Since the Commission failed to give any indication of its standards and priorities in previous rulemakings, we should hold a roundtable on the mandatory clearing determination. We should also at that roundtable discuss what “made available for trading” means.
  • Investment of Customer Funds. The Commission should re-propose the entirety of this rulemaking, given its potential effects on intermediaries and the lack of a quantitative cost-benefit analysis.
Finally, on requests that implicate Commission priorities:
  • Confidential Market Data. The Commission must develop policies and procedures to protect confidential market data, especially given its new data stewardship responsibilities under Dodd-Frank.
  • Technology, Technology, Technology. The Commission needs to stop investing the minimum in technology. In its budget, Congress provided a spending floor on technology and we are treating as a ceiling. The fiscal year ends in 17 days. Let’s invest the majority of our $6 million in carryover balances in technology. It may be too little, but it’s not too late.
Closing
I’m looking forward to learning from all of your perspectives on the important issues that are being taken up by the Dodd-Frank Act rulemakings. Finally, before I close, I would once again encourage all of you to submit your comments, both on the rulemakings and also on the issues that I have tried to bring their proper due attention, like guidance on mandatory clearing determinations. So thank you, again, to ISDA and to Stephen for inviting me to speak today, and for arranging for us all to have what I am sure will be a valuable dialogue on these issues.
2 Business Roundtable and the United States Chamber of Commerce vs. SEC, No. 10-1305, 2011 U.S. App. LEXIS 14988 (July 22, 2011).
Last Updated: September 13, 2011

Wall St rises as swings narrow: The Australian Business Briefing



 
Wall St rises as swings narrow
Wall Street traders Steven Russolillo US stocks rose for a second-straight day, led by GE and Intel, even as investors kept a cautious eye on Europe's debt woes.
 
Merkel soothes fears over Greece
Angela Merkel German Chancellor Marcus Walker and Noemie Bisserbe GERMAN Chancellor Angela Merkel sought to quash talk that cash-strapped Greece might have to default or exit the euro zone.
 
ASIC probe rocks local miners
ASIC probe rocks local miners Andrew Burrell TWO Perth-based miners will continue talks with Chinese suitor Hanlong, despite allegations of insider trading.
 
Telstra share buyback on cards
Telstra Mitchell Bingemann TELSTRA is unlikely to increase its handsome dividend before 2015, but has signalled that a share buyback could be on the way.
 
Report urges deficit cuts
Warwick McKibbin David Uren FORMER RBA official Warwick McKibbin says the only way to avoid global disaster is for nations to slash their deficits. 
 
James Murdoch faces new UK probe
James Murdoch JAMES Murdoch faces another grilling before Britain's Parliament after former News Corporation executives queried his role in the phone hacking scandal.
 
Concern about conflicted advice
Watchdog still worried about advisers' conflicts Andrew Main THE corporate regulator has given a relatively clean bill of health to the top 20 financial services licensees. 
 
Foster's beer share falls
fosters Blair Speedy FOSTER'S share of the local beer market is continuing to fall, much to the delight of bidder SABMiller.
 
Financial Markets
Italy pays dearly for debt woes
euro coins Dinny McMahon and Tom Orlik BEIJING isn't likely to ride to the rescue of the debt-hobbled Italy, analysts said, amid a lacklustre Italian bond auction.
 
Wall St rises as swings narrow
Merkel soothes fears over Greece
 
Financial Markets Coverage
 
Mining & Energy
Gold rises on 'risk off' bets
Gold Matt Day GOLD rose today as a sharply lower US dollar and the metal's declines to two-week lows drew some buyers back to the market.
 
Oil climbs back above $US90
Copper needs good economic news
 
More Mining & Energy
 

History to judge carbon tax package: The Australian Capital Circle

Capital Circle Newsletter

History to judge carbon tax package
 
Labor's carbon tax package and the political stand-off over asylum-seekers will dominate the political agenda today.

Julia Gillard is in Canberra and has a day of meetings, interspersed by question time. She has no media appearances planned.
Tony Abbott is in Canberra for the sitting day.
Kevin's back: At least for a few hours. Capital Circle hears Mr Rudd, who has been on leave since having surgery, had planned to cancel his appearance at the Sarcoma Ball charity event last night. He returned to parliament late in the day after the Coalition refused to guarantee him a pair for divisions on the carbon tax legislation. Mr Rudd was ultimately granted a pair. But since he was in the parliament already, we hear Mr Rudd decided to attend the charity ball as planned. Now that he has risen from his sick bed, Kevin 747 flies to the United States today with Defence Minister Stephen Smith to attend the AUSMIN talks with US Defence Secretary Leon Panetta and Secretary of State Hilary Clinton. He even found time to tweet last night: "Back to work this afternoon. Two weeks ahead of time. Thanks for all the support."
In Canberra: Innovation, Industry and Science spokeswoman Sophie Mirabella is at the National Press Club to talk about why "Manufacturing Matters". Defence Minister Stephen Smith is holding a press conference at 10am in Sydney. Greens Senator Larissa Waters will hold a press conference at 10am in the Senate Courtyard.
Committees: Inquiries into political parties and election campaign funding, Multiculturalism, National Memorials Ordinance 1928 and animal welfare standards in Australia's live export markets continue today.
***Email Capital Circle. Click here to subscribe***
The Sydney Morning Herald reports: LABOR was on ''on the right side of history'' in finally pushing through a carbon tax, the Prime Minister, Julia Gillard, declared as the Coalition accused her of ''ramming through'' the tax and v
Read more...
 
Mumble
Peter Brent
Peter Brent
 
Abbott’s fate in Labor’s hands
Tony Abbott has now been federal opposition leader for 650 days. Since this April post he has…
 

Kitco New York Market Close Report


New York Market Close Sep 13/11 05:24 PM EDT
Metals
Bid
Ask
Change
Low
High
Gold
1834.20
1835.20
19.80
1.09%
1794.10
1845.10
Silver
41.13
41.23
0.84
2.08%
39.94
41.41
Platinum
1811.00
1821.00
8.00
0.44%
1798.00
1835.00
Palladium
722.00
729.00
20.00
2.85%
705.00
734.00

NYT: Afternoon Business News: Best Buy, Cummins, SunPower Are Market Movers


BUSINESS

Latest News At Time Of Posting

4:57 PM ET
Best Buy, Cummins, SunPower Are Market Movers
4:49 PM ET
U.A.W. Strike Deadline Put Off as Talks Go On
4:48 PM ET
Bid to Boost Disaster Aid Clears Senate Hurdle
 

Europe Scrambles to Ease Greek Debt Crisis

By STEVEN ERLANGER AND MATTHEW SALTMARSH
With diplomatic and market pressure rising, leaders of France, Germany and Greece are set to talk Wednesday.
Bits Blog

Google Introduces Long-Awaited Flight Search

By CLAIRE CAIN MILLER
Google introduced a tool for searching flights, using software acquired in its acquisition of ITA.

Google to Offer More Privacy for Owners of Wi-Fi Routers

By KEVIN J. O'BRIEN
Under pressure from European regulators, the company will give Wi-Fi router owners the option of excluding their devices from Google's registry, which uses the information for its location-based services.

Automakers Upbeat but Prepared for Crisis

By JACK EWING
Memories of the 2009 recession are still vivid, and carmakers learned that they must be able to quickly cut costs and production if a downturn comes.

South Korean Chaebol Under Increasing Pressure

By CHOE SANG-HUN
Family-controlled conglomerates, while increasingly successful abroad, are coming under attack at home as the gap between large and small businesses in the country grows wider.

CBS NEWS | Political Hotsheet Top Stories: WH: Obama would sign portions of jobs bill

The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
The White House acknowledges Obama would sign into law just portions of his $447B jobs plan, but says he'd still push for the full package
Read full story
WH: Obama would sign portions of jobs bill

Perry received 5X more from Merck than he said Texas Gov. Rick Perry under fire for a 2007 order mandating schoolgirls get vaccinated against virus known to cause cancer

Dems slam Cantor on jobs: Liberals Democrats said today Congress should pass "nothing less" than President Obama's jobs plan

Clinton Secretary of State expresses hope for "positive outcome" for American hikers imprisoned in Iran

Arizona's primary date stirs commotion in GOP Arizona Gov. Jan Brewer dropped a threat to hold her state's primary in January, but it's still early enough to violate Republican rules

U.S. stocks end up on pause in Europe fears: U.S. Stock Market At Close | MarketWatch - Market Pulse

By Laura Mandaro
SAN FRANCISCO (MarketWatch) -- U.S. stocks Tuesday ended higher for the second session as investors took comfort from a relatively low volume of negative headlines about Europe. The Dow Jones Industrial Average DJIA +0.40% was up 44.73 points, or 0.4%, at 11,105.85 at the close of floor trading. The S&P 500 SPX +0.91% gained 10.60 points, or 0.9%, to 1,172.87. The Nasdaq Composite COMP +1.49% rose 37.06 points, or 1.5%, to 2,532.15. Italian officials threw cold water on reports that Rome was in talks with China about a sale of Italy's government bonds, which had supported a late-day reversal in the prior session. But helping support sentiment, German Chancellor Angela Merkel expressed optimism that Europe would overcome some euro-zone members' objections to Greece bailout measures.

CMI | NY Trading - Spot Prices at Close

CMI - Gold & Silver
Spot Prices as of the close of trading in New York
As of: Tuesday September 13, 2011

  Today Change Week Ago Month Ago Year Ago
Gold $1,829.65 +$16.20 $1,872.85 $1,742.70 $1,246.45
Silver $41.19 +$0.96 $41.89 $39.19 $20.16
Platinum $1,816.20 +$4.20 $1,861.20 $1,801.00 $1,546.30
Palladium $719.80 +$9.40 $761.00 $751.50 $529.40

Employment outlook stable but weak: MarketWatch | Personal Finance Daily


MarketWatch

Personal Finance Daily
SEPTEMBER 13, 2011

Employment outlook stable but weak

By MarketWatch



Don't miss these top stories:

The Manpower staffing firm describes its employment outlook survey results for the fourth quarter as "relatively stable." That's true, insofar as employers' hiring plans continue to be sadly weak but not worse than they have been. "We are kind of hovering. Our numbers have been in positive territory, but they've been in the single digits, and that's reflective of the uncertain economic environment," Melanie Holmes, a vice president at Manpower, a Milwaukee-headquartered staffing company, said. "It seems to be just slogging along at the same level. I'm happy that it's positive, but I just wish it were more positive."

Looking at the Manpower survey by industry, 11 of 13 showed a net positive employment outlook for the fourth quarter. However, for 12 of 13 industries, the level was down from the third quarter. "So even if they continue to be positive, the numbers are less positive," Holmes said.

Anne Stanley , Managing Editor, Personal Finance

Employment outlook still weak: Manpower

Employers' hiring plans for the fourth quarter are "relatively stable" — slightly down from the third quarter, but a tick higher than in the prior year, according to the Manpower Employment Outlook survey released Tuesday.
Read more: Employment outlook still weak, Manpower says.


Income for life, guaranteed! (Sort of)

Low interest rates and a weak economy make it hard for retirees to turn their nest eggs into paychecks. Here are some strategies for coping and cashing in.
Read more: Income for life, guaranteed! (Sort of).


Growth stocks look pricey. Favor free cash.

As economic growth slows worldwide, stock investors are competing fiercely for shares of companies with the best earnings growth prospects. But that has made shares of such companies expensive. A better approach might be to target firms with modest growth but plentiful free cash flow at heavily discounted prices.
Read more: Growth stocks look pricey. Favor free cash.


5 new credit-card management tips

While card companies are more transparent than they were a year ago, information on due dates, late fees and rewards programs isn't as plain and simple as it could be.
Read more: 5 new credit-card management tips.


INVESTING

Fund managers: Europe in recession within a year

A survey shows more than half of Europe's fund managers expect the region will fall into recession in the next 12 months.
Read more: Fund managers say Europe in recession within a year.


The 5 biggest job cuts of 2011

Bank of America's announcement that it will eliminate 30,000 positions catapults it to the top of the year's job-cutback list, where its plan ranks alongside workforce reductions by fellow blue chip Merck, bankrupt retailer Borders and a pair of governmental institutions.
Slide show: The five biggest job cuts of 2011.


Value-stock manager cruises in the slow lane

As the head of an investment firm called Intrepid Capital, you'd think Mark Travis would be more of a daredevil. True enough, he does ride motorcycles and surfs. But when it comes to stocks, Travis is a self-described wallflower.
Read more: Value-stock manager cruises in the slow lane.


Conversation with a maverick investor

Legendary investor William O'Neil covers the gamut from what's wrong with the economy to what he looks for in a stock, in this first of two interviews with Kevin Marder.
Read more: Conversation with a maverick investor.


This stock market chart can light your portfolio

Many new traders and investors often feel intimidated by stock market charts. All those squiggly lines and colors moving in different directions can be confusing. With experience, however, it begins to make sense.
Read more: This stock market chart can light your portfolio.


Buckle up for the market's most vulnerable period

Over the Dow Jones Industrial Average's 115-year history, September has been the cruelest month, with an average decline of around 1.1%.
Read more: Buckle up for the market's most vulnerable period.


Optimism index improves, but how could it not?

Later this month, when the major measures of consumer confidence are released and show that the public is "feeling better," that will be taken as a positive, says Chuck Jaffe.
Read more: Optimism index improves, but how could it not?


The fund that escaped the bank meltdown

A little-known mutual fund wins by barring too-big-to-fail banks, writes Brett Arends
Read more: The fund that escaped the bank meltdown.


Insiders betting heavily on stocks

Corporate insiders were already quite bullish as of the August lows. They are even more bullish now.
Read more: Insiders betting heavily on stocks.


ECONOMY AND POLITICS

Give stimulus a chance

Applied the right way, fiscal stimulus is still what this economy needs, writes Irwin Kellner.
Read more: Give stimulus a chance.


Banks face 2012 deadline for ‘living wills'

The largest global financial institutions face a deadline of July 2012 to explain how they would divide up their assets if they fail, according to a rule approved by the Federal Deposit Insurance Corp. on Tuesday.
Read more: Banks face 2012 deadline for ‘living wills.'


Record poverty last year as household income dips

The 46.2 million people in poverty in 2010 was the largest group for the 52 years that data has been published, the Census Bureau reported Tuesday
Read more: Record poverty last year as household income dips.


China sees Europe as ‘too important to fail'

Speculation that China may help rescue peripheral European debt markets is consistent with Beijing's strategic interests in the region and a prudent back-stopping of its euro-denominated investments, analysts say.
Read more: China sees Europe as ‘too important to fail.'


Economy on thin ice, top forecaster says

The U.S. economy is vulnerable to a shock that could send us right through the ice and into deep water, says Nigel Gault, winner of MarketWatch's Forecaster of the Month award.
Read more: Economy on thin ice, top forecaster says.

CBS Money Watch: Best & Worst U.S. Airlines




New data from the feds shows how the airlines stack up in 3 areas: late arrivals, tarmac delays and lost luggage. Read more »
U.S. News & World Report is out with its new college list. We're shocked, shocked, to see Harvard on top again. Read more »
What jobs bill? The nation's biggest bank is cutting about 10% of its workforce as part of massive cost cutting. Read more »
With rock bottom prices, buyers are now paying cash for delinquent properties. See where the deals are. Read more »
If your state is part of a regional agreement, you could get big savings by going out of state. Read more »
A new technical analysis suggests that the summer-long slump could be near an end. Read more »