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Feb 10, 2012

CNBC Latest Stories: With Investors So Bullish, Pullback Must Be Coming






LATEST STORIES

Private Homebuilders in US: Dead Men Walking
Dividend Payout Could Hit Record Amount This Year
With Investors So Bullish, Stock Pullback Must Be Ahead
Is Bill Gross, PIMCO's Bond King, Losing His Touch?
Greece Austerity Deal Runs Into Trouble Once Again


»click here to see the latest top stories from CNBC.com


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LATEST VIDEO

Mario Monti on Italy's Economic Future
Mario Monti, Prime Minister of Italy, discusses his meeting with President Obama: "The goal was to explain to the President what Italy is doing in terms of budgetary discipline but also for preparing for conditions for growth."
» Watch Video


Charting the Market: 50 Percent Correction Ahead?
Katie Stockton, MKM Partners, and Abigail Doolittle, Peak Theories, chart the market's outlook, which indicates a serious correction in the next three to twelve months.
» Watch Video


90 Seconds with Art Cashin: Concern For Greece is Great
CNBC's Bob Pisani and Art Cashin, of UBS, discuss whether there will be much progress in a debt solution for Greece and whether the country will default, exit the euro zone, or both.
» Watch Video


Bill Murray's View on the Economy
"We have gotten used to someone looking out for us," says actor Bill Murray. "There are people that are going to go up, some will stay the same and some will drop. You'd like to be that person to elevate," he continues. Murray says if politicians are serving their own partisan alliance, they are destroying hope.
» Watch Video


Bill Murray's Golf Strategy
Actor Bill Murray discusses his golf success.
» Watch Video

NYT Global Update: Blasts Rock Aleppo as Dozens More Are Reported Killed in Syria


Global Update




TOP NEWS

Blasts Rock Aleppo as Dozens More Are Reported Killed in Syria

By NEIL MacFARQUHAR
Explosions in the northern city of Aleppo targeted security units on Friday, state media reported, as Syrian forces were said to be laying siege to the central city of Homs.

Greece Plunged Into Political Turmoil Over Austerity Measures

By NIKI KITSANTONIS
The tumult came as Prime Minister Lucas Papademos threatened to eject from his fragile interim coalition government any ministers who objected to the country's new austerity deal.

Obama Acts to Calm Furor on Birth Control Coverage Rule

By HELENE COOPER
The president's plan would require that insurance companies, not religious institutions, offer contraceptive coverage at no cost.
Fashion & Style

The Collection: A Fashion App for the iPad

Get complete coverage of fashion and style and the latest runway looks.
Opinion

Sunday Review

Is China Ripe for a Revolution?

By STEPHEN R. PLATT
The Taiping Rebellion, which nearly toppled the Qing Dynasty in the 1850s, bears warnings for the current government.
WORLD

Greeks Reach Deal on Austerity to Meet Condition of Bailout

By RACHEL DONADIO
After days of talks, Greek political leaders reached a deal Thursday to support a package of harsh austerity measures demanded by Greece's financial backers in return for a bailout.
BUSINESS

Stocks Down Sharply on Doubts Over Greece

By CHRISTINE HAUSER
Political tussling over the long-awaited Greek debt deal led to a day of sharp declines on Wall Street and the S.&P. 500's first weekly loss this year.

Greece Struggles to Overcome Mistrust

By STEPHEN CASTLE
While Portugal, Ireland and other countries may be struggling, Greece has found itself in a category of its own - a nation the rest of Europe no longer trusts.

At a Specialty Airline, the Humans Are Howling

By SUSANNE CRAIG
Pet Airways, once the great transportation hope for animal owners, is low on cash and has been canceling flights.
TECHNOLOGY

An 'Entertainment Device' Is Expected From Google

By DAVID STREITFELD and NICOLE PERLROTH
Google is moving into hardware, which is a goal of Larry Page, the chief executive, by developing an "entertainment device" to compete with Amazon and Apple.

Like the Apple Store Nearby, but This One Has Windows

By PETER H. LEWIS
Microsoft Stores are beginning to spring up, and although they bear many similarities to Apple Stores, these newer outlets are different in some significant ways from their predecessors.

Kodak Says It Will Stop Making Digital Cameras

By THE ASSOCIATED PRESS
The Eastman Kodak Company said it would also stop making pocket video cameras and digital picture frames, signifying the end of an era for the company.
SPORTS

Out on the Open Water

By TOM SIMS
Long-distance swims, in oceans, lakes and rivers, are increasing in popularity as triathlon participation increases.
On Soccer

Either Way, a Compelling End to African Cup

By ROB HUGHES
Ivory Coast is no ordinary team, but Zambia, a team of comparative unknowns, worked its way to the final, sometimes on the sheer spirit of togetherness.

Fights Over Doping Charges Cast Shadow Over Cycling

By JACK EWING
Long-running legal battles over doping allegations provide a permanent source of drama and distract from the action on the roads.
U.S. NEWS

Bishops Were Prepared for Battle Over Birth Control Coverage

By LAURIE GOODSTEIN
Roman Catholic bishops began mobilizing months ago for a major campaign against a requirement that religious-affiliated institutions cover birth control in their insurance plans.

Bachus Expects 'Full Exoneration' in Insider-Trading Inquiry

By JENNIFER STEINHAUER and ERIC LIPTON
Spencer Bachus, the Alabama Republican who chairs the House Financial Services Committee, said that he expected to be cleared of wrongdoing by the Office of Congressional Ethics.

Education Gap Grows Between Rich and Poor, Studies Say

By SABRINA TAVERNISE
The widening achievement gap between affluent and low-income students has received less attention than the divide between white and black students, which has narrowed significantly.
OPINION
Op-Ed Contributor

Ten Questions for China's Heir Presumptive

By DAVID SHAMBAUGH
The vice president's visit to Washington will let us take the measure of China's next leader.
Op-Ed Contributor

Why Russia Supports Assad

By DMITRI TRENIN
Russia has some good reasons to question Western policies on Syria. It should also question its own.
Op-Ed Contributor

Don't Paralyze the Peacekeepers

By BENJAMIN KAHN
United Nations peacekeeping missions need stronger commitments from member nations.

MarketWatch Weekly Roundup | Top 10 stories Feb. 6 - 10


MarketWatch

Weekly Roundup
FEBRUARY 10, 2012

MarketWatch top 10 stories Feb. 6 - 10

By MarketWatch



NEW YORK (MarketWatch) — U.S. stocks closed out their first losing week of 2012 on Friday after the failure of Greek politicians to consummate their latest bailout agreement with creditors drove buyers to the sidelines, eschewing weekend risk exposure.

The Dow Jones Industrial Average ended the week off 0.5%.

The Nasdaq Composite slipped 0.06% for the week while the broader S&P 500 Index surrendered 0.2% over the last five days.

Also please be sure to watch our Week Ahead videos.

 Asia's week ahead: Japan GDP data

 Europe week ahead: Greek vote, earnings

 U.S. week ahead:Greece, housing data

Greg Morcroft, assistant managing editor

FBI releases file on Apple's Steve Jobs

The FBI, noted for its dossiers on Martin Luther King, Elvis Presley, Michael Jackson and countless others, released its file on late Apple Inc. (AAPL) co-founder Steve Jobs Thursday. The document is pretty benign, revealing only that he experimented with drugs during the early 1970s, and that the famously difficult Jobs wasn't always nice to everyone.In 1991, Jobs was being considered for a post on President George H.W. Bush's Export Council, an appointment that would not have required Senate confirmation. The FBI was asked to do a background check, the file said. A large number of people who worked with Jobs at the time or knew him in some other capacity were asked to comment on his character and suitability for a political position. Read more on MarketWatch about Steve Jobs's FBI dossier

Dennis Gartman is ‘wild-eyed bullish' on stocks

The Dow Jones Industrial Average has added more than 2,000 points since its October 2011 lows, a 21% gain. The Standard & Poor's 500 index is up nearly 250 points from its lows at the same time, a 22.5% advance. The Nasdaq Composite index has hit 11-year highs. And Dennis Gartman is still "wild-eyed bullish" on stocks. If Gartman's right, then the big selloff last spring and summer that drove the S&P down to just below 1,100 on Oct. 3 will have been a great buying opportunity that just about everybody missed — and which many investors even fled. Read Howard Gold's interview with Dennis Gartman, on MarketWatch

Greek uncertainty rises as Europe demands vote

Global investor risk appetite weakened Friday as it became clear that final approval of a second Greek bailout necessary to avoid a messy default will be delayed until next week, after euro-zone finance ministers demanded the country's parliament first approve another round of deep cutbacks.Sentiment weakened further after news reports said the leader of Greece's small LAOS party, a junior partner in the country's three-party ruling coalition, said he couldn't back the additional austerity measures. Read MarketWatch coverage of latest setbacks on Greece's path to solvency

Republican race thrown into chaos — again

The odds of a knockdown, dragout fight at the Republican convention rose this week after Rick Santorum's surprising victories. Santorum, sagging in national polls and low on money, easily beat front-runner Mitt Romney in a Missouri primary and also won caucuses in Colorado and Minnesota. His sweep sapped Romney's momentum and raised the possibility that none of the four remaining candidates will win enough support to capture outright the presidential nomination before the party's convention in August. Read MarketWatch analysis of Rick Santorum's performance

The insiders are selling heavily

Corporate insiders are selling their companies' stock at a rate not seen since late last July.That's a scary parallel indeed, since that late-July spike in selling came just days before one of the more painful two-week periods in the stock market in years. On the theory that corporate insiders — officers, directors and largest shareholders — know more about their firms' prospects than do the rest of us, it can't be good news that they are selling at such a heavy pace. Read Mark Hulbert's commentary, on MarketWatch

Commentary: Heritage Foundation is wrong about welfare state

The Heritage Foundation is out with another one of its misleading reports about how big government is eroding our freedoms.The report — The 2012 Index of Dependency on Government — comes to the predictable conclusion that the nation is perilously close to "economic and social collapse" because too many of us are overly reliant upon the government for our survival. The report is alarmist in tone, but the actual data underlying the analysis don't support the doomsday rhetoric. Read Rex Nutting's commentary, on MarketWatch

5 stock pros confess their biggest market worries

The headaches besetting globally oriented investment managers are constant, but the pain essentially has two sources: Slow economic growth and the European sovereign debt crisis. For a sense of how asset managers are coping with the current global investment climate and to understand their worst fears, MarketWatch spoke to five seasoned professionals who are based outside of the U.S., from London to Hong Kong, about their biggest stock-market worries. Here they are. Read MarketWatch Weekend Investor column

Jobless claims in U.S. drop 15,000 to 358,000, at 4-year low

The number of Americans applying for unemployment benefits fell again last week, the government said Thursday, supplying further proof that the U.S. labor market continues to mend. Initial claims are a good indicator of whether layoffs are rising or falling. They've declined sharply since last summer, meaning that more people are finding work or fewer are losing their jobs. Jobless claims dropped by 15,000 to a seasonally adjusted 358,000 in the week ended Feb. 4, the Labor Department said. That's near a four-year low. Read MarketWatch coverage of U.S. jobless claims

Americans still sold on homeownership

Despite the beating that home prices have taken over the last five years, Americans are still optimistic about their own housing situation, a new poll shows.Seventy-eight percent of Americans identified as likely to vote in the 2012 presidential election said that owning their own home was one of the most important things in their lives, according to the survey by Lake Research Partners done for the National Association of Home Builders and presented Wednesday at the International Builders Show. Read MatrketWatch coverage of the homebuilder show

Ready to bet on small-company growth stocks?

It's beginning to look as if it might be time to make a big bet on small-company growth stocks.Yes, the economy is starting to show signs of improvement and, as most investors know, that's usually a good time to consider overweighting one's portfolio with stocks likely to benefit the most from an expansion. Small-company growth stocks are already on the rise. In fact, small-company growth stocks are already fifth-best-performing fund category among domestic stocks funds this year, rising nearly 12% through Feb. 3, according to Morningstar But analysts say it's not too late to take advantage of what could be a long-term investment trend. Read Bob Powell's "Your Portfolio" column, on MarketWatch

NYT Afternoon Business News: At a Specialty Airline, the Humans Are Howling



BUSINESS

At a Specialty Airline, the Humans Are Howling

By SUSANNE CRAIG 
 
Pet Airways, once the great transportation hope for animal owners, is low on cash and has been canceling flights.

Stocks Down Sharply on Doubts Over Greece

By CHRISTINE HAUSER 
 
Political tussling over the long-awaited Greek debt deal led to sharp declines on Wall Street and global stock markets.

Greece Plunged Into Political Turmoil Over Austerity Measures

By NIKI KITSANTONIS
The tumult came as Prime Minister Lucas Papademos threatened to eject from his fragile interim coalition government any ministers who objected to the country's new austerity deal.

Greece Struggles to Overcome Mistrust

By STEPHEN CASTLE 
 
While Portugal, Ireland and other countries may be struggling, Greece has found itself in a category of its own - a nation the rest of Europe no longer trusts.
Common Sense

When Cars Meet Politics, the Clock Is Running

By JAMES B. STEWART 
 
The combination of a strong jobs report and an inspirational Chrysler commercial at the Super Bowl seems to have touched some raw nerves.

CBS News | Political Hotsheet Top Stories: "Hotsheet Live": Did the White House fold?

The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
President criticized for the way he handled birth control rule
Read full story

Timothy Dolan: Birth control tweak a Conference of Catholic Bishops says it's too early to judge Obama decision on birth control coverage at church-linked organizations

Romney: We're at a conservative turning point The Republican presidential candidate said conservatives can make the Obama administration "the last gasp of liberalism's great failure"

King: Immigration should be based on contribution At CPAC, the Iowa Republican said immigrants are dividing American culture and are draining the economy

Ann Coulter riles up the CPAC crowd The conservative commentator goes after Obama on birth control, says Romney best choice to ensure president is not reelected

DealBooK | DealB%K Afternoon Edition: California Fund Manager Charged With Insider Trading


Friday, February 10, 2012
TOP STORY
California Fund Manager Charged With Insider Trading A California hedge fund manager was charged with making illegal trades in Google and other technology stock, the latest person ensnared in the government's insider-trading crackdown. Douglas F. Whitman, the founder of Whitman Capital in Menlo Park, Calif., surrendered to the F.B.I. on Friday. Federal prosecutors accused him of using confidential information to trade in the shares of Google, Marvell Technology, and Polycom, netting $900,000 in illegal profits.
  • DEALBOOK »
  •  
    DEALBOOK HIGHLIGHTS
    DealBook's Week in Review A look back on our reporting of the past week's highs and lows in finance.
    For Once, a Bank Run Is a Good Thing On Wednesday night, Wall Street took part in the 35th annual Empire State Building Run-Up, a charity event that had 666 people racing up the 1,576 stairs of the tallest building in New York.
    A $100 Billion Value for Facebook? That May Be Possible Some investment professionals are claiming that Facebook is worth only $75 billion or even $50 billion. But the Deal Professor says that it does not mean that Facebook stock will not trade at a price giving the company that vaunted $100 billion valuation.
    Apollo's Quarterly Profit Drops 61% The investment firm reported earned $356.6 million in adjusted profit, as the private equity industry suffered from a slowdown in deal-making.
    Europe's Banks on Track to Raise New Capital European banks have submitted plans to raise approximately $130 billion to meet new regulatory requirements, 26 percent more than required.
    Barclays Caps Bonuses as Profit Falls The British bank said on Friday that its profit fell last year as the economic climate deteriorated and that it might have to abandon its performance target for next year.
    BUZZ TRACKER
    Quantitative Pleasing A finance-related Twitter meme, #FedValentines, began on Friday morning and inspired hundreds of submissions. (We are particular fans of @planetmoney's "You had me at QE1.") Binyamin Appelbaum collected the best of the wonky mash notes on the Economix blog.
    LOOKING AHEAD
    In the United States President Barack Obama releases his budget on Monday for the fiscal year that begins Oct. 1.
    In Europe The European Union's competition regulator will decide on Monday whether to approve Google's takeover of cellphone maker Motorola or take more time to scrutinize the deal more closely.

    DealBook Video
    Business Day Live
    Business Day Live The Times's Gretchen Morgenson discusses the mortgage settlement; Pimco's chief executive, Mohamed El-Erian, on the situation in Greece; James B. Stewart talks about Chrysler and Clint Eastwood.

ABC News Australia | Morning Edition: Westpac, ANZ break ranks and hike rates | Business




Top Stories
More Top Stories »

Blast rocks Syrian city as tanks push on

Twin bomb blasts have hit military and security buildings in the northern Syrian city of Aleppo, killing at least 28 people and wounding 235.More »

Fugitive Afghan soldier boasts of shooting Australians
ANZ raises interest rates
Bushwalkers hit by landslide, struck by lightning
Activists question Australian abattoir standards
Second woman arrested over film crew assault
St George residents allowed to go home
16 brawlers kicked off cruise ship
Ousted Maldives president demands elections
Body image worries plaguing young kids


More Analysis »

The (bow)ties that bind: Slipper's $2.4b payback

This week has done nothing to displace the common perception that Peter Slipper is a man of rather rococo personal tastes.

On Day One, he reintroduced the robes. On Day Two, he announced that he was rerouting the Speaker's Procession.

But here's the thing: in a parliamentary week that wasted no time in setting out for, and instantly arriving at, Stupidsville, Slippery actually was a force for good.More »

Atheism and growing up
Islam should not be tarnished by honour killings
Australia's faraway focus on foreign affairs
Disappearing jobs at Sydney University
Slow to warm up to a woman in the Lodge
Daw plays football, the rest is irrelevant
Lord and Lady of the media
Reserve Bank does first home buyers a favour
Brahmins, Messiahs and the cult of the public service

Australia
More Australia »

Fugitive Afghan soldier boasts of shooting Australians

A former member of the Afghan army who seriously wounded three Australian troops last year has boasted about the attack in a video posted online.More »

Activists question Australian abattoir standards
Aussies avoid another Mathews miracle
PhD student burned in science lab fire
16 brawlers kicked off cruise ship
Body image worries plaguing young kids
Aussies labour to 231
Second woman arrested over film crew assault
Shares throw in the towel as miners disappoint
Mailbox full as postcards stage comeback


Business
More Business »

Westpac, ANZ break ranks and hike rates

By business reporter Michael Janda

ANZ and Westpac announce they will increase their standard variable interest rates despite the Reserve Bank leaving the official rate unchanged this week.More »

Inflation outlook leaves room for rate cut
Murdoch named new Ten boss
Eurozone holds out on Greek bailout
Shares throw in the towel as miners disappoint
James Hardie wins $300m payout from ATO
Appeals lodged against Optus copyright ruling
Profits soar as Packer's Macau gamble pays off
Jobs at risk as construction firm teeters


Politics
More Politics »

Pakistan court throws out PM's appeal

Pakistan's top court has thrown out a last-ditch appeal from embattled prime minister Yousuf Raza Gilani, ordering him to appear in court on Monday to face indictment for contempt.More »

Prominent monk detained in Burma
James Hardie wins $300m payout from ATO
Sunscreen doubts prompt push for Govt intervention
Downer rubbishes Iraq 'black site' claims

The Washington Post | Politics Afternoon Edition.: White House compromise still guarantees contraceptive coverage for women:

The Washington Post

Politics Afternoon Edition

HEADLINES

  1. White House compromise still guarantees contraceptive coverage for women

    Seeking to allay concerns of Catholic leaders, the president says religious institutions will not be required to cover contraceptives for all employees.
    » Read full article
  2. Mitt Romney was 'severely conservative' governor, he tells CPAC

    Mitt Romney gave a detailed defense of his own conservative credentials Friday before a convention of right-wing activists, telling them that his life as a businessman and Massachusetts governor had been a series of battles for Republican ideals.
    » Read full article
  3. Rick Santorum at odds with conservative base on issue of women in combat

    Rick Santorum may have committed one of the relatively few gaffes of his GOP presidential campaign by suggesting Thursday that women shouldn't serve in combat roles because of “other types of emotions that are involved.”
    » Read full article
  4. Maine's weird, weeklong caucus

    Texas Rep. Ron Paul (R) might have his first victory soon: Maine. Like Paul himself, the primary process in Maine goes against the grain. Most caucuses last a day. In Maine, they last a week.
    » Read full article
  5. Rick Santorum touts conservative pedigree

    Former senator Rick Santorum got a standing, cheering reception from an annual gathering of conservatives Friday morning when he said that the 2012 presidential race could only be won by a pure conservative. Meaning, of course, him.
    » Read full article