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Nov 6, 2013

RT America November 6, 2013: One Year Later: Expectations versus Reality

Gerald Celente Interviews: Gerald Celente - Declare your Independance - November 5, 2013.

FTC | Notifications November 6, 2013: FTC Finalizes Amendments to the Premerger Notification Rules Related to the Transfer of Exclusive Patent Rights in the Pharmaceutical Industry.

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The Federal Trade Commission issued final changes to the premerger notification rules that require companies in the pharmaceutical industry to report certain proposed acquisitions of exclusive patent rights to the FTC and the Department of Justice for antitrust review. The revised rules clarify when a transfer of exclusive rights to a patent in the pharmaceutical industry results in a potentially reportable asset acquisition under the Hart Scott Rodino (HSR) Act.
The HSR Act established the federal premerger notification program, which provides the FTC and the Department of Justice with information about certain large mergers and acquisitions before they occur.  The FTC administers the premerger notification program and ensures compliance with the HSR Rules, which determine which transactions companies need to report. The revised rules will enhance the effectiveness of the agencies' premerger program.
The FTC worked closely with the Department of Justice in developing the new requirements, and the Assistant Attorney General of the Antitrust Division of the Department of Justice concurs in the final rules.  The FTC received three public comments in response to the Notice of Proposed Rulemaking. The rules will become effective 30 days after publication in the Federal Register.
The Commission vote approving the changes was 4-0. The Federal Register Notice is available now on the FTC's website and will be published in the Federal Register soon. (FTC File No. P98316, the staff contact is Robert Jones, Bureau of Competition, 202-326-2740.)
The FTC's Bureau of Competition works with the Bureau of Economics to investigate alleged anticompetitive business practices and, when appropriate, recommends that the Commission take law enforcement action. To inform the Bureau about particular business practices, call 202-326-3300, send an e-mail to, or write to the Office of Policy and Coordination, Bureau of Competition, Federal Trade Commission, 601 New Jersey Ave., Room 7117, Washington, DC 20580. To learn more about the Bureau of Competition, read Competition Counts. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.
Peter Kaplan
Office of Public Affairs


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NYT | Bits The Business of Technology November 6, 2013.

Daily Report
Samsung Promises to Double Its Dividend | At a meeting with investors in Seoul on Wednesday, executives from Samsung Electronics laid out their vision for the company's future, saying they would fine-tune a strategy that has helped the company become the world's biggest smartphone maker, Eric Pfanner reports. Samsung's one-third share of the global smartphone business is more than double the volume of its nearest competitor, Apple.
Samsung said it would double its dividend, increase spending on acquisitions and consider a listing of its stock in the United States, through American depositary receipts. The measures were aimed at lifting the stock price, which slumped this summer on concerns that Samsung's days of minting profits from the lucrative smartphone business may be drawing to an end.
The announcements, however, failed to squelch complaints that Samsung was being stingy with the roughly $50 billion pile of cash it has amassed. As Lee Sang-Hoon, the company's chief financial officer, and other Samsung leaders spoke at a rare "analyst day" - only the second in the company's history and the first since 2005 - Samsung's stock price fell, ending the day down 2.3 percent.
Executives said Samsung's strength lies in the fact that it is a diversified electronics company, making everything from smartphones to televisions to washing machines, as well as many of the parts that run them, executives said. While many rivals, including Apple, outsource the supply of components and the manufacturing of phones and other devices, Samsung sees its in-house capabilities as a source of strength. Read more »
Coming Today
Twitter to Price Its I.P.O. | Twitter is expected to set the price of its initial public offering later today. On Monday, the company raised the price range for its I.P.O. to $23 to $25, signaling a bolder outlook ahead of its anticipated trading debut tomorrow. 

From The Times
Cisco Counters Its Young Competitors in Data Networking
Cisco Counters Its Young Competitors in Data Networking | The company announced its long-awaited plan to combat upstarts, with an "application-centric infrastructure" that it says can be up to 93 percent cheaper than competitors.
Apple said the majority of the information requests it received from government agencies in the first half of the year were regarding devices, which include iPhones.
Apple Releases Report on Government Requests | Apple said that in the first six months of 2013, government groups in 43 countries demanded information about 40,000 Apple accounts or devices.
Tom Wheeler, 67, a venture capital investor and former Obama campaign fund-raiser, was sworn in on Monday as chairman of the Federal Communications Commission.
New F.C.C. Chairman Outlines His Vision | Tom Wheeler told staff members that he expected the agency to be a conduit for encouraging competition and expanding opportunities for businesses and individuals.
Acer, with J.T. Wang as its chief executive, has been hit hard by a decline in sales of desktop computers as more consumers and businesses turn to tablets and other devices.
Acer's Chief Resigns Amid Slump in PC Sales | The Taiwanese computer maker said Tuesday that its chief executive, J.T. Wang, had resigned, citing an inability to come to grips with a downturn in the PC business.
LG uses a flexible OLED, or organic light emitting diode, display in its new smartphone, which is covered by a special kind of glass.
LG Shows Off the Bend in Its Flex | LG Electronics of South Korea took the wraps off its new curved smartphone, the G Flex, on Tuesday, highlighting the special kind of glass it features.
A Tesla dealer in Miami. Tesla is planning to expand its network of stores and charging stations.
Tesla Posts Smaller Loss, but Shares Start to Temper | Tesla, the maker of an electric automobile, trimmed its loss to $38 million on revenue of $431 million, compared with a loss of $111 million on revenue of $50 million a year ago.
Call of Duty: Ghosts Female avatars have been added, and so has an
A Fantastical Shootout, Moving Across Space and Time | Call of Duty: Ghosts begins just before an attack on the United States by a South American alliance.
AOL Revenue Rises 6% as Profit Plunges | Sales of premium and programmatic advertising drove revenue, while costs related to Patch, the local news network, hurt profit.
Best of Scuttlebot  News from the Web, annotated by our staff
Responding to MacKenzie Bezos's One-Star Slapdown | Businessweek
A thoughtful meditation on Amazon and journalism by @BradStone in response to Mrs. Bezos's criticism of his book. - Claire Cain Miller
The Wonderful and Absurd Story of "Minecraft" | Salon
A new book about the quirky cult hit puts it into context of the rise of indie gaming. - Jenna Wortham ♥
For more Scuttlebot, follow @nytimesbits »
Around the Web
Microsoft narrows CEO shortlist; Mulally, Elop make the cut | Microsoft Corp has narrowed its list of external candidates to replace Chief Executive Steve Ballmer to about five people... Reuters
The Best Argument Against the Existence of Airbnb | Despite its legal troubles, Airbnb is a stellar tool for urban visitors, and a lovely alternative to hotel ripoffs. But it's also, as Jon Wheatley explains firsthand, an extremely easy way to become a landlord who just wants to turn a quick profit. Valleywag

DealBook P. M. Edition November 6, 2013: The Trade: Simple Fix to Debate Over Government's Role in Housing Inbox.

Wednesday, November 6, 2013
A house for sale last year in Moreno, Calif. Congress is debating what to do about Fannie Mae and Freddie Mac.
The Trade: Simple Fix to Debate Over Government's Role in Housing There's an argument to be made that preserving the government's role in the mortgage market will make it safer and more efficient than reforms will, writes Jesse Eisinger.
    Vote of Confidence in Mexico's Version of
    Vote of Confidence in Mexico's Version of The Mexican venture capital firm Latin Idea Ventures said it had made its first investment in an e-commerce company, Linio, a start-up that sells products in Latin America.
    SAC's $1.2 Billion Settlement Clears a Judicial Hurdle
    SAC's $1.2 Billion Settlement Clears a Judicial Hurdle Judge Richard J. Sullivan approved the civil portion of the settlement. Next stop: Judge Laura Taylor Swain will hold a hearing on the $900 million criminal fine.
    Twitter is expected to price its initial public offering on Wednesday.
    Standard Deduction: Why Twitter May Have to Pay Income Taxes One Day Twitter has been losing money, allowing it to legally avoid paying corporate income taxes. But it may have to start paying taxes sooner rather than later, writes Victor Fleischer.
    U.S. Investors Brush Aside Fears About Chinese Internet Companies The interest in stateside I.P.O.'s of Chinese Internet companies is a striking contrast with the recent past, when accounting scams and poor governance prompted many to shun Chinese stocks.
    Health Care Deal Is Latest to Seek Corporate Tax Shelter Abroad
    Health Care Deal Is Latest to Seek Corporate Tax Shelter Abroad Endo Health's proposed acquisition of Paladin Labs is the latest so-called inversion, and comes amid a flurry of mergers intended to extract American companies from federal taxes.
    Carlyle Reports Lower Earnings for Third Quarter
    Carlyle Reports Lower Earnings for Third Quarter For the private equity giant Carlyle Group, the quarter was a relatively slow one when it came to "exits," industry parlance for realizing gains on investments.
    Battle Over ValueVision Set to Heat Up
    Battle Over ValueVision Set to Heat Up The move by the activist hedge fund Clinton Group to try to oust senior executives at the Internet and shopping network is poised to become a bitter battle.
    Investors Cool to 2 Chinese Bank Offerings
    Investors Cool to 2 Chinese Bank Offerings Investors were concerned about how China's financial system would cope with a potential deluge of bad debt that could swamp the country's economy.
    Jobs Report On Friday, the Labor Department will announce the latest figures for job creation in October, along with the unemployment rate for the month. These figures are hotly anticipated because they will offer clues to how much of a hit the economy suffered with the government shuttered. The release was delayed by one week because of the shutdown. Economists estimate that about 135,000 jobs were created in October, with the unemployment rate rising to 7.4 percent from 7.2 percent in September.
    Twitter Many investors use Twitter, but beginning Thursday, they can buy a piece of the company, too. The microblogging network, with 232 million users, begins its first day of trading on the New York Stock Exchange.
    Economic Report On Thursday, the Commerce Department will release its first estimate of economic growth in the third quarter of 2013. The announcement, which was delayed by the government shutdown, is expected to show an economy growing moderately, but not robustly. Experts will be watching closely to see how higher interest rates affected the housing sector, and whether cutbacks in government spending crimped growth. The consensus forecast among economists is for growth to have run at an annual rate of about 2 percent. 
    For the latest updates, go to »
    Quotation of the Day
    "I'm satisfied to the extent my review is required and I'm not sure that it is."
    Judge Richard J. Sullivan, signing off on part of SAC's insider plea.

The Wall Street Journal | Most Actives Closing November 6, 2013

Most Actives Closing
Most Active Stocks by Volume
4:47 pm ET 11/06/2013
Issue Volume Price Chg % Chg
Bank of America (BAC) 65,198,920 $13.96 0.03 0.22
General Electric (GE) 58,357,930 26.90 0.48 1.82
SandRidge Energy (SD) 47,415,301 6.04 -0.47 -7.22
Ford Motor (F) 36,690,777 16.91 -0.18 -1.05
Barrick Gold (ABX) 31,822,711 18.34 0.06 0.33
J.C. Penney (JCP) 31,412,299 7.70 -0.61 -7.34
Chesapeake Energy (CHK) 30,752,887 26.23 -1.91 -6.79
Office Depot (ODP) 29,833,896 5.31 -0.34 -6.02
Nokia ADS (NOK) 26,375,419 7.90 0.20 2.60
Alcatel-Lucent ADS (ALU) 25,829,038 4.20 0.09 2.19
Oracle (ORCL) 24,903,452 34.07 0.57 1.70
Pfizer (PFE) 24,445,977 30.97 -0.03 -0.10
Rite Aid (RAD) 24,417,390 5.15 -0.16 -3.01
EMC (EMC) 23,541,804 23.91 0.36 1.53
SunEdison (SUNE) 23,324,078 11.22 0.84 8.09
Regions Financial (RF) 21,489,081 9.45 -0.09 -0.94
AT&T (T) 20,255,352 35.82 0.29 0.82
Alcoa (AA) 19,438,175 9.66 -0.09 -0.92
Halcon Resources (HK) 19,244,503 4.70 -0.41 -8.02
American International Group (AIG) 18,988,531 47.59 -0.70 -1.45
Abercrombie&Fitch (ANF) 17,822,622 33.13 -5.18 -13.52
Citigroup (C) 17,389,698 48.62 0.24 0.50
Coca-Cola (KO) 17,091,608 40.05 0.55 1.39
Hertz Global Hldgs (HTZ) 16,579,048 21.67 0.37 1.74
Sprint (S) 16,504,390 7.07 -0.12 -1.67
Issue Volume Price Chg % Chg
Microsoft (MSFT) 88,172,087 $38.18 1.54 4.20
Facebook Cl A (FB) 67,527,661 49.12 -0.98 -1.97
Sirius XM Radio (SIRI) 53,980,313 3.65 -0.06 -1.75
Cisco Systems (CSCO) 47,210,364 23.28 0.21 0.93
Mindspeed Technologies (MSPD) 31,799,555 5.00 2.03 68.35
Tesla Motors (TSLA) 30,981,467 151.16 -25.65 -14.51
Groupon (GRPN) 26,362,177 10.01 -0.27 -2.68
Intel (INTC) 24,985,156 24.25 0.21 0.89
eBay (EBAY) 24,974,152 53.28 2.20 4.31
PowerShares QQQ Trust Series 1 (QQQ) 24,824,938 83.00 -0.02 -0.02
BlackBerry (BBRY) 24,161,476 6.66 -0.01 -0.15
Frontier Communications (FTR) 24,069,420 4.72 0.24 5.47
Micron Technology (MU) 21,706,064 17.50 -0.17 -0.96
21st Century Fox Cl A (FOXA) 17,571,103 33.92 -0.17 -0.50
Zynga (ZNGA) 16,314,794 3.71 -0.09 -2.50
Velti (VELT) 15,915,389 0.16 0.04 29.27
DryShips (DRYS) 15,256,587 3.03 -0.15 -4.75
Marvell Technology Group (MRVL) 12,527,900 13.01 -0.03 -0.19
Activision Blizzard (ATVI) 11,618,374 16.53 0.00 0.00
NPS Pharmaceuticals (NPSP) 11,309,859 23.79 -4.20 -15.01
Qualcomm (QCOM) 11,171,833 69.74 0.73 1.07 (WIX) 11,098,001 16.31 -0.19 -1.15
Gilead Sciences (GILD) 11,028,246 67.36 -2.18 -3.13
Yahoo! (YHOO) 10,793,435 32.88 -0.09 -0.27
Ariad Pharmaceuticals (ARIA) 10,198,927 2.31 0.02 0.87
Issue Volume Price Chg % Chg
SPDR S&P 500 ETF Trust (SPY) 76,251,235 $177.17 0.90 0.51
iShares MSCI Emerging Markets ETF (EEM) 58,117,570 42.01 0.13 0.31
iShares MSCI Japan ETF (EWJ) 40,400,598 11.85 0.15 1.32
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX) 34,434,149 12.27 -0.20 -1.64
iShares Russell 2000 ETF (IWM) 31,302,890 109.12 -0.47 -0.43
Select Sector SPDR-Financial (XLF) 26,684,382 20.61 0.09 0.46
Market Vectors ETF Trust Market Vectors Gold Miners (GDX) 20,312,596 24.79 0.30 1.20
Vanguard FTSE Emerging Markets ETF (VWO) 15,895,660 41.43 0.15 0.36
iShares MSCI EAFE ETF (EFA) 14,666,190 65.88 0.57 0.88
iShares MSCI Brazil Capped ETF (EWZ) 13,707,054 48.59 0.00 0.00
iShares China Large-Cap ETF (FXI) 11,029,773 37.24 -0.03 -0.09
Direxion Daily Small Cap Bear 3x Shares (TZA) 10,502,243 20.79 0.31 1.51
ProShares UltraShort S&P500 (SDS) 10,329,967 32.75 -0.32 -0.97
Select Sector SPDR-Utilities (XLU) 10,061,985 39.39 0.53 1.36
SPDR S&P Oil&Gas Exploration&Production ETF (XOP) 9,648,465 68.29 -1.52 -2.18
Select Sector SPDR-Energy (XLE) 9,083,669 86.61 0.25 0.30
Direxion Daily Small Cap Bull 3x Shares (TNA) 8,464,563 66.54 -1.06 -1.57
ProShares Ultra VIX Short-Term Futures ETF (UVXY) 7,691,386 22.72 -0.70 -2.99
SPDR Dow Jones Industrial Average ETF Trust (DIA) 7,424,134 157.22 1.33 0.85
WisdomTree Japan Hedged Equity Fund (DXJ) 6,844,570 47.49 0.62 1.32
VelocityShares Daily Inverse VIX Short Term ETN (XIV) 6,616,351 30.50 0.48 1.62
Select Sector SPDR-Consumer Staples (XLP) 6,379,130 43.09 0.46 1.08
Market Vectors Oil Services ETF (OIH) 6,187,690 50.04 0.61 1.23
iShares MSCI EMU ETF (EZU) 6,142,535 39.70 0.40 1.02
Select Sector SPDR-Industrial (XLI) 5,760,529 49.24 0.14 0.29
Issue Volume Price Chg % Chg
Microsoft (MSFT) 88,172,087 $38.18 1.54 4.20
SPDR S&P 500 ETF Trust (SPY) 76,242,975 177.17 0.90 0.51
Facebook Cl A (FB) 67,526,084 49.12 -0.98 -1.97
Bank of America (BAC) 65,198,920 13.96 0.03 0.22
General Electric (GE) 58,357,930 26.90 0.48 1.82
iShares MSCI Emerging Markets ETF (EEM) 58,116,970 42.01 0.13 0.31
Sirius XM Radio (SIRI) 53,980,313 3.65 -0.06 -1.75
SandRidge Energy (SD) 47,415,301 6.04 -0.47 -7.22
Cisco Systems (CSCO) 47,210,364 23.28 0.21 0.93
iShares MSCI Japan ETF (EWJ) 40,390,388 11.85 0.15 1.32
Ford Motor (F) 36,690,777 16.91 -0.18 -1.05
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX) 34,434,149 12.27 -0.20 -1.64
Barrick Gold (ABX) 31,803,529 18.34 0.06 0.33
Mindspeed Technologies (MSPD) 31,799,555 5.00 2.03 68.35
J.C. Penney (JCP) 31,412,299 7.70 -0.61 -7.34
iShares Russell 2000 ETF (IWM) 31,302,890 109.12 -0.47 -0.43
Tesla Motors (TSLA) 30,981,467 151.16 -25.65 -14.51
Chesapeake Energy (CHK) 30,752,887 26.23 -1.91 -6.79
Office Depot (ODP) 29,833,896 5.31 -0.34 -6.02
Oxygen Biotherapeutics (OXBT) 29,399,325 7.70 -0.68 -8.11
Select Sector SPDR-Financial (XLF) 26,684,189 20.61 0.09 0.46
Nokia ADS (NOK) 26,374,963 7.90 0.20 2.60
Groupon (GRPN) 26,362,177 10.01 -0.27 -2.68
Alcatel-Lucent ADS (ALU) 25,829,038 4.20 0.09 2.19
Intel (INTC) 24,985,156 24.25 0.21 0.89
Includes common, closed end funds, ETFs, ETNs and REITS
x - stock is trading ex-dividend
Source: WSJ Market Data Group