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Mar 20, 2012

RT NEWS: Gerald Celente - Capital Account - 20 March 2012

Standard & Poor's Latin America Highlights: The Impact Of Shifting Global Economy On Latin American Sovereign Credit Quality

Standard & Poor's LatinAmerica Highlights

Selected Reports

Report Explores The Impact Of Shifting Global Economy On Latin American Sovereign Credit Quality

NEW YORK (Standard & Poor's) March 14, 2012--Standard & Poor's today released a commentary on the possible impact of several long-term changes in the global economy on sovereign ratings in Latin America.

Brazilian Homebuilders Won't Put Down Their Hammers In 2012

Low unemployment, sound consumer confidence indicators, and government incentives for mortgage financing--especially for affordable housing--bode well for Brazil's homebuilders this year.

CME Group, BM&FBOVESPA e S&P Indices anunciam acordo para promover a listagem cruzada de contratos futuros de índices de benchmark de ações, de commodity e de energia

SÃO PAULO, 6 de março de 2012 – O IBOVESPA Futuro será listado na plataforma de negociação CME Globex; o índice S&P 500, de petróleo (WTI) e de soja mini serão listados no sistema de negociação BVMF PUMA Trading System.

English Version

Rating News

Argentina

Financiamiento Estructurado - Provincia de Salta

Buenos Aires, 16 de marzo de 2012.- En relación a la colocación de los títulos de deuda garantizados de la Provincia de Salta, Standard & Poor’s informa hoy que las calificaciones que asignara en fecha 9 de marzo de 2012 a los títulos emitidos por tal...

English Version

Standard & Poor's asigna calificación a Obligaciones Negociables emitidas por Banco Hipotecario S.A.

Buenos Aires, 15 de marzo de 2012.- Standard & Poor’s asignó calificación de deuda de largo plazo ‘raAA’ a la Serie 2 de Obligaciones Negociables a tasa variable pagadero en pesos por $25 millones.

Brazil

Standard & Poor’s eleva ratings do Minerva na escala global para ‘B+’ e atribui rating ‘brBBB’ na Escala Nacional Brasil; Perspectiva estável

Em 15 de março de 2012, a Standard & Poor’s Ratings Services elevou os ratings atribuídos à empresa brasileira produtora de carne, Minerva S.A. (“Minerva”), incluindo seus ratings de crédito corporativo, na escala global, de ‘B’ para ‘B+’.

Standard & Poor’s atribui rating ‘brAA-’ à futura emissão de debêntures da MRV Engenharia e Participações S.A.

SÃO PAULO (Standard & Poor’s) 13 de março de 2012 – A Standard & Poor’s Ratings Services atribuiu hoje o rating ‘brAA-’ à futura emissão de debêntures, no valor de R$ 500 milhões, a ser realizada pela MRV Engenharia e Participações S.A. (“MRV”).

Chile

Summary: Republic of Chile

Standard & Poor's Ratings Services' ratings on Chile are based on its low debt burden, political stability, and very flexible and resilient economy.

S&P asigna calificación de 'mxAAA' a la segunda emisión de certificados bursátiles por hasta MXN1,250 millones de Banco de Crédito e Inversiones

S&P basa sus calificaciones de BCI en su ‘sólida’ posición de negocio, ‘adecuados’ niveles de capital y utilidades, una posición de riesgo ‘adecuada’, fondeo ‘promedio’ y liquidez ‘adecuada’ (según se define en nuestros criterios de calificación).

Colombia

S&P revisa perspectiva a positiva de estable de Transportadora de Gas Internacional; asigna calificación de 'BB' a emisión de notas por US$750 millones

México, D.F., 6 de marzo de 2012.- Standard & Poor's Ratings Services revisó su perspectiva de Transportadora de Gas Internacional S.A. E.S.P. (TGI) a positiva de estable.

Summary: Emgesa S.A. E.S.P.

Standard & Poor's Ratings Services' ratings on Emgesa S.A. E.S.P., as Colombia's second-largest power generator by installed capacity, reflect our assessment of the company's business risk profile as "satisfactory" and its financial risk profile as "...

Costa Rica

Summary: Costa Rica (Republic of)

The ratings on Costa Rica balance the country's limited monetary flexibility and rising fiscal pressures with good economic prospects, stable political system, and relatively high level of social development.

El Salvador

Implicaciones sobre la formulación de políticas y la calidad crediticia de las elecciones municipales y legislativas de 2012 de El Salvador

El 11 de marzo, la República de El Salvador llevó a cabo elecciones municipales y legislativas. Los votantes eligieron a 84 miembros de la legislatura unicameral y alcaldes de 262 pueblos y ciudades.

English Version

México

Standard & Poor's asigna calificación de 'BBB' a la emisión de notas senior no garantizadas de PEMEX por CHF300 millones

México, D.F., 13 de marzo de 2012.- Standard & Poor’s Ratings Services asignó hoy su calificación de deuda en escala global de ‘BBB’ a la emisión de notas senior no garantizadas de la petrolera mexicana, Petróleos Mexicanos.

Stocks and Markets in the News | Tech Daily Stocks Analysis | MarketWatch - The Wall Street Journal


MarketWatch

Tech Daily
MARCH 20, 2012


Tech Stocks: With Apple rising, tech stocks trim losses
3/20/2012 4:56 PM ET
Amazon also posts gains following deal for robotics company Kiva Systems.
Tech Stocks: Apple breaks $600, leading techs higher
3/19/2012 5:07 PM ET
Company plans quarterly payout of $2.65 a share and spending $10 billion on share repurchases; stock closes above $600 a share for first time ever.
Tech Stocks: Tech stocks close day with mixed results
3/16/2012 4:37 PM ET
Apple takes day's spotlight with release of newest version of the iPad
Tech Stocks: Apple pulls back from $600, but most techs gain
3/15/2012 4:33 PM ET
Cisco slips into the red after announcing $5 billion acquisition for cable TV technology company NDS Group.
Tech Stocks: Apple, Micron, Dell lead mixed day for tech stocks
3/14/2012 4:59 PM ET
Few gainers emerge as decliners weigh down the sector into the close.
MarketWatch First Take: Oracle appeases investors for now
3/20/2012 5:57 PM ET
After a disappointing fiscal second quarter, Oracle appeared to get back on track with better growth in software licenses, but the decline in hardware revenue remains a concern for some investors.
After Hours: Oracle shares climb in evening trade
3/20/2012 5:33 PM ET
Shares of Oracle Corp. climb Tuesday evening after the software giant reports better-than-expected earnings for its third quarter. Krispy Kreme Doughnuts and FSI International also sees their stocks climb, but Jabil Circuit shares fall after quarterly results.
Canadian Markets: China growth jitters drag on Canadian stocks
3/20/2012 4:47 PM ET
Resource-laden Canadian stock market extends losses as worries about China's economic growth pressure investors' sentiment.
Oracle shares climb as profit rises 18%
3/20/2012 4:36 PM ET
Oracle shares climb as the company reports an 18% jump in profit.
H-P may combine PC, printer businesses
3/20/2012 3:30 PM ET
In the first major shake-up by new CEO Meg Whitman, Hewlett-Packard is reportedly set to combine its PC and printer businesses into one entity.
London Markets: Resources tug FTSE 100 lower; Glencore slips
3/20/2012 1:14 PM ET
U.K. stocks end mostly lower as concerns over metal demand from China undercut the mining sector, while Glencore shares decline after announcing a deal to acquire Canada's Viterra. Banks also finish on a weaker note.
Europe Markets: Europe stocks down on Chinese jitters, miners off
3/20/2012 1:11 PM ET
European stock markets end lower Tuesday, with banks and miners weighing on indexes on renewed concerns about Chinese growth, while auto makers decline after a gas price hike in China.
Chuck Jaffe: Texting and stock investing don't mix
3/20/2012 11:25 AM ET
A text message offering a chance to sign up for real-time penny-stock alerts for free on a cell phone seemed too good to be true — and it was, writes Chuck Jaffe.
Indications: U.S. stock futures retain loss after housing data
3/20/2012 8:58 AM ET
U.S. stock-index futures remained 0.5% lower Tuesday after the Commerce Department said new-home construction fell last month but permits rose.
Stocks to Watch: Stocks to watch Tuesday: Oracle, Williams, Adobe
3/20/2012 6:39 AM ET
Earnings and dividends and the other highlights in Tuesday's early corporate headlines.
Asia Markets: Asia markets slide as resource stocks decline
3/20/2012 4:33 AM ET
Asia markets fall, with resource stocks hit by a decline in commodity prices and comments from an executive at mining giant BHP Billiton Ltd. that Chinese demand growth was slowing.
Michael Molinski's Emerging Latin America: Tech in Latin America: A consumer-driven market
3/20/2012 12:01 AM ET
When it comes to consumer-driven technology stocks, like mobile telephony and Internet commerce, foreign competitors have trouble competing with local Latin American companies that are more in tune with the culture.
Therese Poletti's Tech Tales: Apple becomes a portfolio must-have stock
3/20/2012 12:01 AM ET
Apple has now become a key blue-chip stock for tech fund managers to own with its dividend. But a few might be asking if its best years are behind.
Apple says new iPad sales top 3 million
3/19/2012 5:41 PM ET
Latest tablet offering racks up 3 million units sold in opening weekend, Apple says in statement after Monday's closing bell.
Canadian Markets: Canadian stocks slide on real estate, gold miners
3/19/2012 5:38 PM ET
Canadian stocks slipped on Monday, failing to defend modest gains from earlier, as losses in real estate and gold mining shares weighed on the market.
Market Snapshot: U.S. stocks extend gains; Apple supports Nasdaq
3/19/2012 5:27 PM ET
U.S. stock indexes wrap up a low-volume session with gains, as Apple Inc.'s dividend plans boosts the Nasdaq and home builders' data bolster views of that sector's recovery.
After Hours: Adobe falls after hours; Focus Media, Gordmans up
3/19/2012 5:13 PM ET
The software specialist's net income fell from a year ago, though adjusted results came in line with Wall Street's forecasts. Focus Media and Gordmans Stores Inc. shares rally after earnings reports.
Rex On Techs: Apple's Cook answers ‘WWSJD?' question
3/19/2012 5:09 PM ET
Some wondered if Tim Cook would be ruled by the question of ‘What would Steve do?" With a new quarterly dividend and share buyback, the new Apple CEO has likely calmed those fears.
Movers & Shakers: Monday's biggest gaining & declining stocks
3/19/2012 5:08 PM ET
MarketWatch's daily rundown of shares making sizable moves in the U.S. stock market.
Apple to start quarterly dividend, buybacks
3/19/2012 4:20 PM ET
Apple says it will initiate a quarterly dividend of $2.65 a share in the fourth quarter of this year, as well as a share buyback program mostly to offset dilution from employee stock awards.
Oracle expected to post modest gains
3/19/2012 3:42 PM ET
Oracle is expected to post modest gains when it reports results on Tuesday, but growing competition from cloud-based rivals could affect results.
Latin American Markets: Brazil equities look to end three-session decline
3/19/2012 3:33 PM ET
Brazilian equities edge higher, finding support after tallying a three-session loss of 1%, with shares of telecommunication companies leading the gains. Argentina stocks fall after two session rise, while Chilean equities rise following fourth-quarter GDP data.
Canadian Solar says cheaper solar panels help U.S.
3/19/2012 1:54 PM ET
Executive speaks out for free trade in face of complaint from SolarWorld AG's U.S. unit.
London Markets: Banks, energy firms push FTSE 100 lower
3/19/2012 1:22 PM ET
U.K. stocks trade mostly lower as utilities stocks decline on the back of a broker downgrade, while banks also weigh on investors' mood.
MarketWatch First Take: Apple could shift perception of dividends
3/19/2012 12:37 PM ET
Dividends have traditionally been associated with slower-growth (aka boring) companies, but Apple may change that view as it re-initiates its dividend.
Indications: U.S. stock futures decline; Apple call awaited
3/19/2012 9:21 AM ET
U.S. stock futures edged lower Monday after last week's run to multiyear highs as technology company Apple Inc. said it would begin paying a dividend.
Bernstein cuts Sprint, notes bankruptcy risk
3/19/2012 9:19 AM ET
Sprint Nextel Corp. shares fell premarket after the research firm Sanford C. Bernstein called a bankruptcy filing "a very legitimate risk" in downgrading the wireless carrier to underperfrom.
Asia Markets: Most Asia markets rise; Japan extends gains
3/19/2012 4:43 AM ET
Most Asian markets rise as optimism about the U.S. economy and rising energy shares underpin broad regional gains, with Japanese shares climbing for a fifth straight trading day on the back of banks and industrial robot maker Fanuc Corp.
Peter Brimelow: China's hard landing
3/19/2012 2:22 AM ET
Hard landing in China? Judging by the crash of a top-performing letter, it's already happened, writes Peter Brimelow.
TaxWatch: Tax credits you won't want to miss
3/19/2012 12:01 AM ET
American taxpayers may not be getting as much credit as they deserve and they aren't getting as many tax credits as they used to, but here are six different types of tax credits worth a lot — so get your credits if they're due.
Apple plans Monday call; dividend possible
3/18/2012 8:57 PM ET
High-tech giant will announce decision for use of cash hoard that is nearing $100 billion. Investors widely expecting dividend.
Market Snapshot: Housing data take center stage for U.S. investors
3/17/2012 12:01 AM ET
A raft of housing-market data and earnings from economic bellwether FedEx Corp. may offer investors fresh clues next week about the strength of the U.S. recovery. Also on tap: financial results from Oracle Corp. and Nike Inc. and speeches from Federal Reserve officials.
Canadian Markets: Canadian stocks extend gains on BCE-Astral deal
3/16/2012 5:57 PM ET
Stocks push higher in Toronto, extending gains from Thursday against the backdrop of a high-profile deal involving BCE and Astral.
After Hours: Research In Motion slightly higher after hours
3/16/2012 5:39 PM ET
Research In Motion shares move slightly higher, extending dayside gains likely fueled by speculation about the future of the BlackBerry maker.
Stocks to Watch: Stocks to Watch Monday: Dole, Adobe
3/16/2012 5:31 PM ET
Dole Food Co., Getty Realty Corp. and Cache Inc. are among the stocks that could see active trading on Monday.
Apple launches new iPad, with high expectations
3/16/2012 5:18 PM ET
Customers line up on to get their hands on the newest iPad. In the meantime, Wall Street has been pumping up its estimates for Apple, pushing the stock toward a new milestone of $600.
John Dvorak's Second Opinion: Buyout candidates for TV over the Internet
3/16/2012 4:50 PM ET
There is no doubt that this is the broadcast medium of the future, writes John C. Dvorak, but making it seamless and efficient is not easy.
Market Snapshot: U.S. stock indexes end 2.4% up for week
3/16/2012 4:43 PM ET
U.S. stocks mostly declined Friday, limiting weekly gains and halting the Dow's longest up ride in more than a year, after an index of consumer confidence unexpectedly fell in March.
Movers & Shakers: Friday's biggest gaining and declining stocks
3/16/2012 4:24 PM ET
MarketWatch's daily rundown of shares that made sizable moves in the U.S. stock market.
Therese Poletti's Tech Tales: Apple's run puts question to Wall Street
3/16/2012 1:47 PM ET
The recent run-up on Apple has put the stock past many of Wall Street's price targets, but don't expect many analysts to stick their necks out by downgrading the shares ahead of what many expect to be a big year.
Latin American Markets: Mexico stocks eye weekly rise; key rate on hold
3/16/2012 1:12 PM ET
Mexican stocks edge higher with monetary policy makers citing a better outlook for economic expansion and inflation as reasons to leave the key interest rate unchanged.
Due Diligence: Micron on a tear despite numerous setbacks
3/16/2012 12:53 PM ET
Maker of memory chips has seen its stock surge 40% in the last three months, despite struggling with a shaky DRAM market and the tragic death of its well-regarded CEO. Analysts see Micron emerging as a leader in the market.
Economic Report: Industrial output flat in February
3/16/2012 10:57 AM ET
Industrial output is unchanged in February, well below market expectations of a 0.4% gain, the Federal Reserve reports Friday. But January production is revised up by a hefty 0.4%.
Al Lewis: Challenger thrives in challenging economy
3/16/2012 9:53 AM ET
An interview with outplacement executive and accidental economic indicator, John Challenger.
Before the Bell: U.S. consumer prices, Apple in the spotlight
3/16/2012 8:41 AM ET
Ahead of the opening bell, investors are taking in the latest U.S. economic data releases, including on consumer price inflation, as well as keeping an eye on Apple, which released the latest version of its iPad.
Asia Markets: Asia markets mostly down; Shanghai, Tokyo rise
3/16/2012 4:42 AM ET
Japanese stocks rise narrowly to clinch a sixth straight week of gains as technology firms advance on the back of an extended rally on Wall Street, while Chinese shares rebound on bargain buying after two days of losses.
Weekend Investor: How $100-plus oil can prime your portfolio
3/16/2012 12:01 AM ET
Many stock-market strategists believe the energy sector will be among the best places to invest this year. With oil topping $100 a barrel, investors have a deep well of possibilities.
Stocks to Watch: Stocks to Watch Friday: New York & Co.
3/15/2012 6:31 PM ET
Shares of New York & Co. and Scholastic Corp. are among the stocks that could see active trading on Friday.
After Hours: New York & Co. gains ground after hours
3/15/2012 5:01 PM ET
The clothing retailer swings to a narrower-than-expected quarterly loss, and shares gain ground in low volume.
Canadian Markets: Canadian stocks recover as consumer staples lead
3/15/2012 4:46 PM ET
Canadian stocks recovered on Thursday, aided by consumer staple shares and robust economic data from the U.S.
Market Snapshot: U.S. stock rise pushes S&P 500 past 1,400
3/15/2012 4:39 PM ET
U.S. stocks rise Thursday, lifting the S&P 500 index past 1,400 for the first time since June 2008, after another round of strong reports on jobless claims and manufacturing
Movers & Shakers: Thursday's biggest gaining & declining stocks
3/15/2012 4:33 PM ET
MarketWatch's daily rundown of shares that made sizeable moves in the U.S. stock market.
Cisco buying NDS for $5 billion in big video move
3/15/2012 4:26 PM ET
Cisco Systems agrees to acquire the U.K. software and services company geared to pay-TV operators for $5 billion, including assumption of debt.
Futures Movers: Oil closes off low; U.S. chills release talk
3/15/2012 3:57 PM ET
Crude-oil futures fall, but finishes off the session's low after the White House denies it had discussed a possible release of emergency oil reserves with the United Kingdom.
Rex On Techs: How ‘material' is Dell's deal for SonicWall?
3/15/2012 1:34 PM ET
PC maker's reported $1 billion-plus acquisition raises question of how much a company disclose to shareholders about what it does with its money, writes Rex Crum.
London Markets: Oil stocks weigh as FTSE 100 ends lower
3/15/2012 1:24 PM ET
Britain's benchmark stock index pares losses but ends in the red on Thursday, as heavily weighted oil stocks settle lower.
Israel Stocks: Israel's Nova helps ensure chips do their best
3/15/2012 12:52 PM ET
How small is small and how accurate is accurate? Israel's Nova Measuring Instruments will tell you — and securities analysts say its stock price might yet get bigger.
Radvision agrees to $11.85-share bid by Avaya
3/15/2012 7:02 AM ET
Radvision Ltd., the Tel Aviv producer of videoconferencing equipment, agreed to be acquired by Avaya Inc. for $11.85 a share cash, or $230 million.
Asia Markets: Asia stocks end mostly lower; Tokyo up on weak yen
3/15/2012 4:41 AM ET
Most Asian stocks fall, with Chinese property developers and many of the region's commodity producers declining on worries Beijing may not relax a policy aimed at cooling the housing market.
ETF Adviser: 5 ways investors can beat the retirement bandits
3/15/2012 12:01 AM ET
Millions of Americans have worked hard for a lifetime and somehow tucked away enough money to take care of their retirement. Yet because of demography, taxes and debt, their nest egg may not get the job done, writes Steve Beck.
Therese Poletti's Tech Tales: Memories of the first Nasdaq 3000 in 1999
3/15/2012 12:01 AM ET
As the Nasdaq hits 3000, it might be useful to walk down memory lane and look at the tech world over a decade ago, writes Therese Poletti.
Medical device merger boom here: analyst
3/14/2012 9:44 PM ET
Hundreds of small-cap medical device companies are likely to get gobbled up in coming years as margin pressures hit the industry, analyst says.
IPO Report: Three firms set IPO deal price
3/14/2012 7:37 PM ET
Demandware, M/A-Com and Allison Transmission all price IPO deals late Wednesday, with trades expected to begin Thursday morning.
MarketWatch First Take: Yahoo investor needs to show a game plan
3/14/2012 7:26 PM ET
Dissident Yahoo investor Daniel Loeb said he plans a proxy fight against the Internet pioneer, but he might have better sway if he discussed a game plan.
Investor to Yahoo: Prepare for war
3/14/2012 5:49 PM ET
Investor activist Daniel Loeb of Third Point Management says its ready to wage a proxy battle against the Yahoo board, accusing it of ‘stonewalling, insouciance.'
Stocks to Watch: Stocks to Watch Thursday: Guess, Ross
3/14/2012 5:18 PM ET
Guess Inc., Capital One Financial Corp. and Ross Stores Inc. are among the stocks that could see active trading on Thursday.
Movers & Shakers: Wednesday's biggest gaining and declining stocks
3/14/2012 5:13 PM ET
MarketWatch's daily rundown of shares making sizable moves in the U.S. stock market.
Market Snapshot: Dow logs sixth session win; S&P 500 ends lower
3/14/2012 4:48 PM ET
U.S. blue-chip stocks finish higher Wednesday, with the Dow extending its winning streak to a sixth session. Stress tests for the nation's biggest banks showed largely positive results, but some analysts say the equities market is overbought.
Energy Stocks: Halliburton, Consol lead energy stock retreat
3/14/2012 4:47 PM ET
Chevron and Anadarko draw positive analyst comments, as the sector pauses following Tuesday's gains.
The Ratings Game: Micron Tech rises on Bernstein upgrade
3/14/2012 4:20 PM ET
An analyst's upgrade cites the chipmaker's position in the still unfolding shift in the DRAM semiconductor market.
LSI stock soars on improved outlook
3/14/2012 4:08 PM ET
The chip maker sees its shares rise after raising its revenue outlook, citing stronger demand than expected for hard drives.
Latin American Markets: Mexican shares fall, Brazilian stocks turn lower
3/14/2012 2:25 PM ET
Mexican stocks fall Wednesday, giving back a portion of gains in the previous session that were fueled by brighter economic figures, and Brazilian stocks pull back a day after posting their best advance this year.
London Markets: FTSE 100 ends five-day climb; banks buck trend
3/14/2012 2:04 PM ET
Britain's benchmark stock index snaps a five-day winning streak to end moderately lower on Wednesday, as Vodafone Group PLC and miners sustain losses.
Jon Friedman's Media Web: Encyclopaedia Britannica can blame itself
3/14/2012 1:44 PM ET
The institution no longer has relevance in a Google and Wikipedia world, writes media columnist Jon Friedman
Twitter lights up with Goldman Sachs talk
3/14/2012 1:18 PM ET
Executive's resignation via op-ed in New York Times predictably ignites social-media maelstrom.
Market Extra: Apple pushes to new highs ahead of launch
3/14/2012 12:00 PM ET
Wall Street analysts have been pumping up their price targets on Apple ahead of the new iPad launch on Friday, which has helped fuel a run-up that is bring the stock closer to a new milestone of $600.
Outside the Box: The looming U.S. labor shortage
3/14/2012 8:28 AM ET
We are entering into an age where we will praise companies for destroying jobs, not creating them, writes Conor Sen.
IPad may be incremental to wireless carriers
3/14/2012 6:00 AM ET
Wireless carriers Verizon and AT&T are participating in launch of the new iPad from Apple later this week, hoping the tablet is a draw for their 4G services despite the fact that most tablet customers stick with WiFi-only devices.
Asia Markets: China stocks slump, hurt by Premier Wen's remarks
3/14/2012 4:30 AM ET
Mainland Chinese stocks suffer sharp late session pullback after Premier Wen Jiabao pours cold water on expectations Beijing may loosen policy toward the property sector.
Latin American Markets: Mexican stocks rise as local, U.S. data brighten
3/13/2012 6:47 PM ET
Mexican stocks rise Tuesday, with the market's first gain in three sessions supported by a climb in domestic industrial output figures and in monthly retail sales in the U.S., Mexico's key trading partner.
Wal-Mart unveils disc-to-digital service
3/13/2012 5:41 PM ET
In a major step that's expected to help juice movie sales, Wal-Mart, with five major studios, unveils an in-store service that would allow consumers to convert physical DVDs and Blu-ray discs to digital movies.

NYT Global Update | World: U.S. War Game Sees Perils of Israeli Strike Against Iran

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DealBooK | DealB%K Afternoon Edition: After Deal Talks Sputter, Alibaba and Yahoo Said to Meet Again


Tuesday, March 20, 2012

TOP STORY
After Deal Talks Sputter, Alibaba and Yahoo Said to Meet Again
After Deal Talks Sputter, Alibaba and Yahoo Said to Meet Again Alibaba's chief financial officer, Joe Tsai, is said to have flown to Silicon Valley last week to meet with Yahoo's chief executive, Scott Thompson, for informal sessions that could revive deal negotiations between the two companies.
  • DEALBOOK »
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    For the latest updates, go to dealbook.nytimes.com »
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    DEALBOOK HIGHLIGHTS
    Glencore to Buy Viterra of Canada for $6.2 Billion As part of the deal, a partnership of Agrium and Richardson International will buy some of Viterra's assets for 2.6 billion Canadian dollars.
    European Banks Would Have Passed Fed's Stress Test Analysts at Barclays ran the numbers to figure out whether European banks would have passed the Fed's most recent test.
    Deal Professor: The Case Against Staggered Boards Steven M. Davidoff says that many companies are ditching their staggered boards, according to the Harvard Law School Shareholder Rights Project. At the same time, however, I.P.O. companies are choosing to go public with staggered boards. What explains this odd divergence?
    Sotheby's to Sell Forstmann's Art Collection This spring, the auction house is selling about 50 works of art owned by the estate of Theodore J. Forstmann, who died in November; the works have an estimated value of $75 million.
    Regulators Approve New Derivatives Rules The Commodity Futures Trading Commission approved new rules for the $600 trillion derivatives market on Tuesday, aiming to raise competition and impose more rigorous risk management on an industry that played a central role in the financial crisis.
    Barclays Sheds 'Capital' From Its Investment Bank's Name Unusually for a bank, Barclays has decided that it needs a little less capital. So to speak.
    Deutsche Bank Cuts Top Managers' Pay Two co-chief executives of Deutsche Bank took cuts in compensation after the European debt crisis and turmoil in financial markets prompted a loss in the investment banking division.
    Jefferies Posts $77 Million Quarterly Profit The Jefferies Group said on Tuesday that it earned $77 million in its first quarter, as debt trading and investment banking showed renewed life after faltering in the second half of last year.
    Investor Appetite Grows for European I.P.O.'s After months of uncertainty, investors are starting to venture back into the Continent's improving financial markets.
    Deutsche Borse to Appeal Blocked Merger with NYSE Euronext Deutsche Börse has decided to appeal the decision by European antitrust regulators that blocked its planned merger with NYSE Euronext.
    BUZZ TRACKER
    China Quietly Relaxes Controls on Foreign Capital The Chinese government has quietly begun making it much easier for foreign investors to put money into China's stock market and other financial investments, Keith Bradsher of The New York Times reports.
    CVR Again Rejects Icahn Offer CVR Energy late on Monday again rejected a $30-a-share takeover bid by Carl C. Icahn after he extended his $2.6 billion takeover bid by 10 days last week. "Mr. Icahn's tender offer amendment does not in any way change the fact that the offer substantially undervalues CVR Energy," Jack Lipinski, the oil refiner's chief executive, said in a statement.
    LOOKING AHEAD
    Economic Reports Data released on Wednesday will include existing home sales for February.
    Corporate Earnings Companies reporting on Wednesday will include General Mills and Discover Financial Services.
    In the United States The House Oversight and Government Reform Committee will hold a hearing on Wednesday about Europe's sovereign debt crisis and its implications for the United States.

    A Senate Banking subcommittee will conduct a hearing about investor risks in crowd funding.

    The House Natural Resources Committee will hold a hearing about the effects of rising gasoline prices.

    A Senate Judiciary subcommittee will conduct a hearing about Verizon Wireless's deals to acquire spectrum from four cable companies.
    Overseas Britain's chancellor of the Exchequer, George Osborne, will present the British government's budget on Wednesday for the fiscal year beginning April 6.
    DealBook Video
    Business Day Live: The Origins of G.O.P. Fiscal Policy
    Business Day Live: The Origins of G.O.P. Fiscal Policy Bruce Bartlett on the origin of Republican fiscal policy; Freelancer.com's chief executive on outsourcing; and former Bear Stearns employees on how Wall Street has changed.

BYT Afternoon Business News: China Quietly Relaxes Controls on Foreign Capital





 
BUSINESS

China Quietly Relaxes Controls on Foreign Capital

By KEITH BRADSHER
HONG KONG - Chinese officials are making it easier for foreign investors to put money into China's stock market, indicating that they are eager to counter an accelerating flight of capital.

Markets Pull Back

By THE ASSOCIATED PRESS
Stock market indexes faltered after reports out of China raised concerns about its growth and amid worries over the high price of oil.
DealBook

Glencore to Buy Viterra of Canada for $6.2 Billion

By IAN AUSTEN and MICHAEL J. DE LA MERCED
As part of the deal, a partnership of Agrium and Richardson International will buy some of Viterra's assets for 2.6 billion Canadian dollars.
DealBook

Deutsche Bank Cuts Top Managers' Pay

By MARK SCOTT
Two co-chief executives of Deutsche Bank took cuts in compensation after the European debt crisis and turmoil in financial markets prompted a loss in the investment banking division.
DealBook

Investor Appetite Grows for European I.P.O.'s

By MARK SCOTT
After months of uncertainty, investors are starting to venture back into the Continent's improving financial markets.

MarketWatch | Personal Finance Daily : Building multigenerational neighborhoods


MarketWatch

Personal Finance Daily
MARCH 20, 2012

Tuesday's Personal Finance Stories

By MarketWatch



Don't miss these top stories:

Home builders, when developing new housing communities, have tended to build all the houses in the neighborhood for a similar demographic or age group. Now they are rediscovering the value of multigenerational communities, Amy Hoak reports. Neighborhoods with houses designed to meet the needs of Baby Boomer, Gen X and Gen Y families can be good for both developers and the owners. Watch the video. I think they used to call these "villages."

And in our SportsWatch column, Andria Cheng reports that "Lin fever" is still hot off the court, as the commercial value of the Knicks player continues unabated.

Anne Stanley , Managing Editor, Personal Finance

Jeremy Lin's star not fading off court

For his aunt's first-ever New York Knicks game last Wednesday, Antonio Yu shelled out $560 for a pair of tickets, and, to be certain they were appropriately dressed for the occasion, he paid $250 apiece for two officially licensed Jeremy Lin jerseys. While the atmosphere of "Linsanity" surrounding the point-guard phenom may have died down somewhat on the hardwood, on the commercial side there still appears to be plenty of passion.
Read more: Jeremy Lin's star not fading off court.


Neighborhoods for multiple generations

What are home builders thinking about? Multigenerational communities designed to meet the needs of Baby Boomers, Gen X and Gen Y families all living in close proximity. MarketWatch's Amy Hoak reports.
 Watch video: Neighborhoods for multiple generations.


Did you break your iPad? Take it to the iHospital.

The iHospital is a chain of stores that fixes broken Apple products but takes Apple-care to new levels, Ian Sherr reports on Lunch Break.
 Watch the video: Did you break your iPad? Take it to the iHospital.


ECONOMY AND POLITICS

New U.S. home construction falls slightly

Builders start construction on new homes in February at a slightly slower pace, but an increase in building permits points to a pickup in store in the coming months, U.S. data indicate.
Read more: New U.S. home construction falls slightly.


Q&A with Sheila Bair on the Fed's stress tests

Some of the biggest banks in the U.S. including Goldman Sachs Group Inc. and J.P. Morgan Chase passed the Federal Reserve's stress test but would be considered over-leveraged if Sheila Bair was running the examinations, she tells MarketWatch in an interview.
Read more: Q&A with Sheila Bair on the Fed's stress tests.


Fed earns $77 billion from balance-sheet explosion

The Federal Reserve and its district banks earned the second-highest amount in its history last year as the central bank profited from increasing its balance sheet to boost the U.S. economy.
Read more: Fed earns $77 billion from balance-sheet explosion.


Fed nominees pledge to leave politics behind

Obama's two nominees to sit on the Federal Reserve Board say they plan to leave ideology out of their policy decisions and make similar prescriptions for when to step away from the central bank's accommodative monetary policy.
Read more: Fed nominees pledge to leave politics behind.


Republican budget throws down election gauntlet

House Republicans unveiled an election-year budget blueprint on Tuesday that dramatically overhauls the U.S. tax code and aims for deep spending cuts, seeking to draw a sharp contrast with President Barack Obama.
Read more: Republican budget throws down election gauntlet.


Romney record belies ‘economic heavyweight' claim

If Mitt Romney wants to run as an economic heavyweight, he should stand by his record, and voters should decide just how valid a claim that is.
Read more: Romney record belies ‘economic heavyweight claim.'


Don't be fooled by the money illusion

While much of the recent economic data appear upbeat, rising prices are making some statistics look better than they really are.
Read more: Don't be fooled by the money illusion.


INVESTING

Steinway & Sons: A grand investment?

Steinway & Sons has a brand name to die for. It's been more than 150 years since German immigrant Henry Steinway first began making pianos in a loft in New York. Today the company's famous name is almost synonymous around the world with the finest concert grands.
Read more: Steinway & Sons: A grand investment?


Texting and stock investing don't mix

A text message offering a chance to sign up for real-time penny-stock alerts for free on a cell phone seemed too good to be true — and it was.
Read more: Texting and stock investing don't mix.


Inflation beating deflation

Since the end of February, the April gold contract has dropped more than 7%, while the Dow industrials have risen more than 2% and the Nasdaq has gained nearly 4%. That's an extraordinary divergence in so short a time.
Read more: Inflation beating deflation.