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Sep 27, 2011

Merkel risks rebellion on euro rescue fund: Reuters - Daily Investor Update



News
LATEST NEWS
Merkel risks rebellion on euro rescue fund
BERLIN/ATHENS (Reuters) - German Chancellor Angela Merkel may fall short of a majority in her own coalition for a crucial reform of the euro zone rescue fund meant to stop a sovereign debt crisis spreading, in what would be a severe blow to her authority, a test vote showed. | Full Article

Stocks gains on Europe, Accenture rises late
September 27, 2011 05:23 PM ET
NEW YORK (Reuters) - Stocks rose for a third day on Tuesday on efforts by euro-zone officials to solidify the region's rescue fund and alleviate a sovereign debt crisis, boosting optimism. | Full Article
Christie may pass on best time to seek White House
September 27, 2011 05:00 PM ET
NEW YORK (Reuters) - Republican New Jersey Governor Chris Christie could be about to turn down his best chance of becoming U.S. president, saying "no" just when his political fortunes may be at their peak. | Full Article
Health insurance premiums climb faster in 2011
September 27, 2011 02:40 PM ET
The cost of health insurance continues to climb for companies and workers, with annual family premiums this year growing at a pace triple that of 2010 and outpacing wage increases, according to a survey. | Full Article
Judge tosses part of Madoff case vs NY Mets owners
September 27, 2011 05:26 PM ET
NEW YORK (Reuters) - A Manhattan federal judge on Tuesday threw out part of a $1 billion lawsuit against owners of the New York Mets baseball team by the trustee seeking money for victims of Bernard Madoff's Ponzi scheme. | Full Article

US TOP NEWS
Geithner: Business should back development banks
September 27, 2011 05:28 PM ET
WASHINGTON (Reuters) - U.S. businesses should support the role of multilateral development banks in trying to bolster global growth because their efforts help boost export markets, U.S. Treasury Secretary Timothy Geithner said on Tuesday. | Full Article
Accenture Q4 beats; forecasts strong 2012
September 27, 2011 05:15 PM ET
(Reuters) - Accenture Plc reported market-beating quarterly results, and the technology outsourcing and consulting company also forecast a strong 2012, allaying fears of an industry-wide slowdown triggered by a slowing U.S. economy and debt crisis in Europe. | Full Article
Consumer morale stagnates; home prices steady
September 27, 2011 05:17 PM ET
WASHINGTON (Reuters) - Americans worried about their incomes as they struggled to find work in September, holding consumer confidence near 2-1/2-year lows and pointing to weak spending in the months ahead. | Full Article
Hedge funds appeal "gross injustice" of WaMu ruling
September 27, 2011 05:33 PM ET
(Reuters) - Four hedge funds appealed on Tuesday a ruling in the Washington Mutual Inc bankruptcy that found viable claims they had engaged in insider trading, an opinion one fund called a "gross injustice." | Full Article
Apple expected to unveil new iPhone next week
September 27, 2011 01:51 PM ET
SAN FRANCISCO (Reuters) - Apple Inc looks set next week to unveil its much-awaited new iPhone, which analysts say will have a bigger screen and work better with remote computing services. | Full Article

BUSINESS NEWS
Robbed of phone, Tennessee woman summons help on Facebook
Bake sale's racial pricing rocks campus
"Toe Suck Fairy" arrested on new charges
Governor vetoes tax break for "Jersey Shore"
Poor Chinese county used relief fund to build temple

GATA: THE GATA DISPATCH: Gold and silver bull will rescue recent buyers, Leeb tells King World News

Gold and silver bull will rescue recent buyers, Leeb tells King World News

9:10p ET Tuesday, September 27, 2011

Dear Friend of GATA and Gold (and Silver):

Money manager Stephen Leeb tonight explains to King World News how continuing bull markets in gold and silver will rescue even those who bought the metals and mining shares at their recent highs. You can find an excerpt from the interview at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/27_St...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Women on the front line: The Australian Capital Circle



Women on the front line
 
In a break from tradition, women can now serve in all combat roles in the armed services.

Julia Gillard is in Melbourne. She has a series of meetings through the day. She also has a series of media appearances booked that will begin mid-morning, but the PM's office is keeping mum about the details of her visit.
Tony Abbott is visiting Kempsey, Macksville and Coffs Harbour in New South Wales today. He'll visit the Akubra hat factory just after 9am.
Hard-bargaining: Eighty per cent of public servants across federal agencies are locked in pay negotiations at the moment. And so far, it's not going brilliantly. Customs and the Department of Agriculture, Fisheries and Forestry are currently taking industrial action. And there could be more on the way. About 120,000 of the 160,000 APS employees have voted down first-round offers in the last few months. At the Department of Human Services - where the mandarins who run Centrelink and Medicare reside - 73 per cent of staff voted down the offer made to them. Defence is still negotiating with staff. The Tax Office and the departments of Climate Change, Resources, Energy and Tourism, Environment, Health and the Attorney-Generals' department all voted no to first round offers and are still negotiating. And the Departments of Veterans Affairs, Families, Housing and Community Services, and Education, Employment and Workplace Relations haven't even begun negotiations on agreements that expire in November. On the plus side, Prime Minister and Cabinet, Treasury, Finance, Broadband and Communications, Science and Industry and Foreign Affairs have all reached agreements. We hear the Community and Public Sector Union is getting ready for more strike action.
Speaking out: It's not often scientists speak up. But Capital Circle hears Australian Academy of Science boss Professor Suzanne Cory will have some choice words about the government's education spending priorities at the National Press Club today. They could be of particular interest to Schools Minister Peter Garrett. Be sur
Read more...

Wall St rally loses steam: The Australian Business Briefing


  
Wall St rally loses steam
Steven Russolillo US stocks rose this morning, even as a sharp late downdraft prompted US stocks to erase more than half of earlier gains.
 
Sonray co-founders face jail
Richard Gluyas SONRAY Capital Markets co-founder Russell Johnson faces 24 theft, conspiracy and dishonesty charges.
 
Operation Twist impact 'modest'
Michael S. Derby THE Fed's so-called Operation Twist will likely have a "modest" impact on boosting the US economy's rate of growth.
 
G20 issues bank warning
Scott Murdoch AUSTRALIA'S over-reliance on the big four banks poses systemic and "moral hazard" risks, according to the G20.
 
Oil stages 'crazy' rally
Christian Berthelsen OIL futures staged their biggest one-day gain in more than four months this morning on hopes on Europe's debt woes.
 
Gold, silver back in favour
Tatyana Shumsky GOLD recaptured the psychologically important $US1600 level, while silver rallied 5 per cent, on hopes about Europe.
 
Singapore deal won't stop Tiger fight
Steve Creedy, Aviation writer VIRGIN has assured the regulator that its alliance with Singapore Airlines will not reduce competition with Tiger Airways.
 
US privateer issues tax warning
Damon Kitney THE head of a $3 billion US private equity firm warns that international private equity investors may stop investing in Australia.
 
Financial Markets
Copper regains some of losses
Matt Day COPPER futures regained some of the ground lost in last week's selloff this morning, rising almost 5 per cent.
 
Oil stages 'crazy' rally
Gold, silver back in favour
 
Financial Markets Coverage
 
Mining & Energy
Copper regains some of losses
Matt Day COPPER futures regained some of the ground lost in last week's selloff this morning, rising almost 5 per cent.
 
Oil stages 'crazy' rally
Gold, silver back in favour
 
More Mining & Energy

Kitco New York Market Close Report


New York Market Close Sep 27/11 05:20 PM EDT
Metals
Bid
Ask
Change
Low
High
Gold
1649.70
1650.70
21.70
1.33%
1629.70
1678.10
Silver
31.88
31.98
1.13
3.67%
30.73
33.65
Platinum
1553.00
1563.00
-4.00
-0.26%
1543.00
1594.00
Palladium
646.00
651.00
18.00
2.87%
623.00
662.00

Some doctors think patients get too much care: MarketWatch | Personal Finance Daily


MarketWatch

Personal Finance Daily
SEPTEMBER 27, 2011

Some doctors think patients get too much care

By MarketWatch



Don't miss these top stories:

Many primary-care physicians think they could be sued for not doing something, but few think they could be sued for doing something excessive or unnecessary. So says the lead author of a study that shows 28% of physicians polled said they personally were practicing more aggressively than they would like.

In her Vital Signs column, Kristen Gerencher also writes that 42% of the doctors surveyed said they believe patients in their own practices are getting too much care, compared with only 6% who said their patients were receiving too little. She writes: Perhaps the most hopeful finding of the survey is that more than three out of four primary-care doctors are interested in getting feedback on their practice style, to see where they fall on the spectrum of conservative to aggressive care.

Also in Personal Finance, Shawn Langlois went to Hawaii and came back with a T-shirt and a real-estate story. Read about how the economic downturn has turned Kukui'ula, on Kauai's south shore, into a bit of a ghost town. Yet developers of a major resort project are taking a longer-term view of the potential of this paradise.

Anne Stanley , managing editor, Personal Finance

Patients get too much medical care, doctors say

More than one in four primary-care doctors say they may be guilty of overtreating their own patients, according to a new study.
Read more: Patients get too much medical care, doctors say.


How one Hawaiian paradise became a ghost town

Ambling into the warm embrace of Kukui'ula's clubhouse on Kauai's pristine south shore is to catch a glimpse into how the other half lives. But with the global economy in turmoil and real-estate wounds still festering across the country, there's trouble in paradise.
Read more: How one Hawaiian paradise became a ghost town.


Don't get carried away by the upturn

U.S. markets are back on the offensive, writes Michael Ashbaugh. Is it for real? Ashbaugh says further technical repairs are likely needed before a sustainable trend shift is signaled.
Read more: Don't get carried away by the upturn.


The 10 best things government has done for us

Despite what politicians say for political effect, everyone knows that the government can do a lot to create the right conditions for prosperity, Rex Nutting writes in his column.
Read more: The 10 best things government has done for us.


INVESTING

Demand wanted

A market that cannot show much volume on up days is a market lacking conviction from its most important players, writes Kevin Marder.
Read more: D


Stop blaming Greece!

If you believe the financial headlines, Greece is responsible for almost every financial ill that has beset the investment arena over the last 18 months.
Read more: Stop blaming Greece!


Few shouts for Operation Twist

The Federal Reserve's latest gambit to stimulate the economy by twisting long-term interest rates lower will not accomplish its objective, writes MarketWatch's Irwin Kellner.
Read more: Few shouts for Operation Twist.


ECONOMY AND POLITICS

Fisher slams Twist move as ineffective

Dallas Fed President Richard Fisher says he was worried the central bank's decision to extend the maturity of its balance sheet would not help the economy. But Atlanta's Fed president endorsed the move, dubbed Operation Twist.
Read more: Fisher slams Twist move as ineffective.


Consumer confidence ticks higher

As expectations slightly gained, consumer confidence ticks higher in September while remaining at low levels, the Conference Board says.
Read more: Consumer confidence ticks higher.


U.S. home prices up for fourth month: Case-Shiller

The string of month-over-month increases in home prices reaches four in July, according to the latest Case-Shiller data, helped by seasonal factors as well as tentative signs of better demand for housing.
Read more: U.S. home prices up for fourth month.


Freddie settled too cheaply with B. of A.: auditor

Government-owned mortgage giant Freddie Mac employed a faulty analysis when it struck a deal to receive $1.4 billion in from Bank of America Corp. (BAC) as part of a settlement over problem mortgages it purchased from the big bank, according to reports.
Read more: Freddie settled too cheaply with B. of A.

Two Patterns to Catch New Trends Earlier: Meta Stock Monitor

MetaStock Monitor Newsletter

Two Patterns to Catch New Trends Early: The Bowtie and the First Thrust
Contributed by Dave Landry

The trend is your friend is one of the few true market adages. Critics will argue that a trend is your friend until it ends. And, admittedly, this is true. Trends do not last forever. Eventually they exhaust themselves but quite often, a new trend in the opposite direction emerges. However, established trends can often last much longer and go much further than most anticipate. Trying to buy a stock (or other market) because it is low or sell short a stock because it is high is a loser's game. The good news is that the stock will leave clues that a trend is turning and will usually have a minor correction before resuming its new trend...
Read More

QuoteCenter Application Symbol Cheat Sheet
Contributed by MetaStock Support Staff

Have you ever wanted to look up a symbol in MetaStock quickly but didn't know how to do it? If you answered "Yes", to the previous question this article is just for you... Read More

Cam Icon  How to Avoid Market Calamity using the MetaStock RMO
Contributed by Christopher Smith

Christoper Smith of The Option Club demonstrates how the Rahul Mohindar Oscillator and MetaStock can help a trader avoid the worst of the Market... View Video


Cam Icon  MetaStock Power User Tip: Working with Favorites Chart Setup in MetaStock
Contributed by LearnMetaStock.com
In this second video on using the Favorites folder in MetaStock, you'll learn how to control how the charts will appear, how to control the appearance of your charts when scrolling, manage the folder lists and more.... Read More or View Video




NYT: Afternoon Business News: Stock Rally Continues on Wall Street.



BUSINESS

Stock Rally Continues on Wall Street

By JOSHUA BRUSTEIN
Shares were lifted by continued hopes that European leaders were drafting more ambitious measures to deal with the euro zone debt crisis.

E.U. Moves to Toughen Rule Book for Euro Membership

By STEPHEN CASTLE
The revamped budget rules, to be voted on Wednesday in the European Parliament, are described as tougher, more credible and more sophisticated than the original set.
Prescriptions Blog

Walgreen Projects Loss Without Express Scripts

By BRUCE JAPSEN
The company said losses would amount to more than $3 billion.

Deaths From Cantaloupe Listeria Rise

By WILLIAM NEUMAN
At least 12 people, most of them elderly, have died after eating cantaloupe contaminated with listeria in the deadliest outbreak of food-borne illness in the United States in more than a decade.

Alcohol Isn't Worth the Trouble for Some Chain Restaurants

By STEPHANIE CLIFFORD
In an attempt to bolster revenue during rocky economic times, places like Starbucks, Sonic and Burger King are seeing how adding drinks works.

CBS NEWS | Political Hotsheet Top Stories: On Rosh Hashanah, Obama affirms ties to Israel

The CBS News Political Hotsheet newsletter
CBS POLITICAL HOTSHEET TOP STORIES    



   
In a message to mark the Jewish High Holy Days, the president says the United States' relationship with Israel is unshakable
Read full story
On Rosh Hashanah, Obama affirms ties to Israel

Cain: Voters GOP presidential contender Herman Cain says voters don't care about "first African-American president thing" anymore, says he'll get at least a third of the black vote

Could Chris Christie win the GOP nomination? N.J. governor's brother says Christie won't enter the GOP race, but pressure is mounting

Ron Paul finds passionate support in Big Apple The Texas libertarian visits "The Daily Show with Jon Stewart" and draws more than 1,200 devotees to New York rally

Budget battle over -- for now Congress avoided a government shutdown this week, but the tense fight doesn't bode well for the looming 2012 budget debate

Bipartisanship is dead. At least until 2013.: The washigton Post | Politics Afternoon Edition

The Washington Post
Politics Afternoon Edition

HEADLINES

  1. Bipartisanship is dead. At least until 2013.

    That Congress was willing to even raise the specter of a government shutdown so soon after a fight over the debt-ceiling that proved politically disastrous for both parties tells us two important things.
    » Read full article
  2. http://www.washingtonpost.com/blogs/fact-checker/post/perrys-phony-attack-ad-on-changes-to-romneys-book/2011/09/26/gIQAR4JA0K_blog.html

    A new ad claims Mitt Romney deleted praise for his health-care law as a “national model” between editions. Not true.
    » Read full article
  3. Obama defends record to black voters

    In an interview aimed directly at black voters, President Obama cast aside criticism he has received from black political leaders and defended his record.
    » Read full article
  4. Lew: Feds may have to sacrifice more

    Federal workers could be asked to sacrifice more than they already have to help reduce the deficit, budget chief Jack J. Lew said Tuesday.
    » Read full article
  5. WONKBLOG: The multi-billion-dollar price tag on budget brinksmanship

    The continued brinksmanship in Washington, where Congress ping-pongs from almost shutting down to almost defaulting on the debt every few months, might be doing the economy much more harm than we realize.
    » Read full article

CMI | New York Spot Prices at Close

CMI - Gold & Silver
Spot Prices as of the close of trading in New York
As of: Tuesday September 27, 2011

  Today Change Week Ago Month Ago Year Ago
Gold $1,651.60 +$57.50 $1,808.15 $1,796.35 $1,298.00
Silver $31.54 +$1.51 $40.16 $41.02 $21.48
Platinum $1,576.90 +$28.60 $1,785.10 $1,829.40 $1,633.90
Palladium $653.50 +$24.30 $720.50 $759.70 $553.75

Natural gas to power Vedder Transport trucks: BIV Business Today

http://www.bivinteractive.com/templates/beez-biv/images/logo.gif



Natural gas to power Vedder Transport trucks

Tuesday, 27 September 2011 09:36
natural gas fuel nozzleVedder Transport Ltd. can officially start making a dent in B.C.’s greenhouse gases by fuelling its fleet with liquefied natural gas (LNG).
   

Vancouver’s Corix lands smart meter contract in Michigan

Tuesday, 27 September 2011 09:24
smart meterMichigan’s utilities sector is about to become a lot smarter thanks to a $48 million contract awarded to Vancouver-based Corix Utilities.
   

Canadian real estate cools: Scotia Economics

Tuesday, 27 September 2011 09:31
down arrow over housesIn the midst of global economic uncertainly, residential property markets around the world are cooling off, according to a Scotia Economics’ Global Real Estate Trends report released this morning.
   

Copper mine workers at Teck’s Highland Valley vote to strike

Tuesday, 27 September 2011 09:40
stickman with strike signWorkers at Teck Resources Ltd.'s Highland Valley copper mine have voted 99.5% in favour of a strike, according to the union.
   

Craft beer bright light in flat beer industry: BMO

Tuesday, 27 September 2011 09:29
two glasses of beerTo best position themselves against sluggish demand and rising input costs over the next few years, North American brewers need to focus on growth in emerging markets and increased demand for craft, specialty and premium products in mature markets.
   

Drink beer, live healthier

Tuesday, 27 September 2011 09:27
money stuff in beer bottleMolson Coors Canada (TSX:TPX.A) is taking a stab at promoting healthy lifestyles for Canadians.