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Feb 19, 2015

Bloomberg Business - February 19, 2015.


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Wal-Mart Gives Workers a Raise
Shares Drop
Wal-Mart Gives Workers a Raise
The world’s largest retailer cut its annual forecast as the company prepares to increase pay for half a million workers.

Today’s Top Stories

 

 Number 1

The Biggest Winners and Losers of the Oil Price Crash

Good for the dollar, bad for private equity moguls.
 Number 2

JPMorgan Goes to War

JPMorgan has built a vast security operation and staffed it increasingly with ex-military officers. The company is convinced that it faces threats from governments in China, Iran, and Russia, and that the U.S. government isn’t doing enough to help.
 Number 3

Obamacare Is Barely Denting Corporate Profits

The biggest entitlement legislation in a generation is causing barely a ripple in corporate America.
 Number 4

This Doctor Made a Blind Man See and an Autistic Boy Speak

Did you know that the tongue is a “huge information highway to the brain?”
 Number 5

Why Greece Won’t Ever Be Able to Pay Off Its Debts With Austerity

History shows the country is facing a wall few nations surmount.

‘It’s Wal-Mart in Reverse’
Will Investors Put the Lid on the Container Store’s Generous Wages?
CEO Kip Tindell’s brand of “conscious capitalism” is being tested in the face of a plunging share price.

RT Keiser Report - February 19, 2015: Global Market for Conflict.


Published on Feb 19, 2015
Max Keiser and Stacy Herbert discuss the new Blackwater world order in which corporations employ and deploy mercenaries to enforce their extrajudicial TTIP 'rights' over sovereign nations of non-corporate person-peasants. In the second half, Max continues his interview with Mitch Feierstein of Planet Ponzi.com about the Carney effect on the Canadian dollar and the velocity of money. Mitch also has a chart, the most important chart the audience

RT Keiser Report - February 19, 2015: Global Market for Conflict.


Published on Feb 19, 2015
Max Keiser and Stacy Herbert discuss the new Blackwater world order in which corporations employ and deploy mercenaries to enforce their extrajudicial TTIP 'rights' over sovereign nations of non-corporate person-peasants. In the second half, Max continues his interview with Mitch Feierstein of Planet Ponzi.com about the Carney effect on the Canadian dollar and the velocity of money. Mitch also has a chart, the most important chart the audience

U.S. Department of Commerce Communication - February 19, 2015: U.S. Ambassadors to Lead Delegations of Investors to 2015 SelectUSA Investment Summit

Press Release
02/19/2015 03:14 PM EST

FOR IMMEDIATE RELEASE
Thursday, February 19, 2015
News Media Contact:
Office of Public Affairs, 202-482-4883
Representatives from more than 70 countries to explore U.S. investment opportunities at March Summit
U.S. Secretary of Commerce Penny Pritzker today announced that 26 U.S. ambassadors are currently signed up to personally lead delegations of investors to the 2015 SelectUSA Investment SummitMarch 23-24, at the Gaylord National Resort and Convention Center, just outside Washington, D.C. The Summit will bring together international investors, domestic economic development organizations (EDOs), local elected officials, and academics to further explore investment opportunities all around the United States.
 
“The SelectUSA Summit is an important opportunity for us to showcase why the United States is the best place in the world for businesses to invest,” said Secretary Pritzker. “The strong interest we have received from overseas firms is great news, and we look forward to welcoming them. These companies understand the advantages of doing business in America and are ready to make or increase their investments, which will generate economic growth and create jobs in communities across the country.”

GATA | THE GATA DISPATCH - February 19, 2015: 2 Articles: March date set for gold fix switch | Gold is cheaper in real terms now than it was in 2002, von Greyerz says.

March date set for gold fix switch

Submitted by cpowell on  ET Thursday, February 19, 2015.  By Ese Erheriene
The Wall Street Journal
Thursday, February 19, 2015

The deadline for the gold fix to enter the digital age is nearing.
The London Bullion Market Association said today that the gold benchmark will be set via an electronic platform managed by ICE Benchmark Administration beginning on March 20.
The new LBMA Gold Price will be set twice daily -- at 10:30 GMT and 15:00 GMT -- in dollars, euros, and sterling. It will replace the current private telephone conference between a group of four banks, the remnants of a cozy system that has existed since 1919. ...
... For the remainder of the report:
http://blogs.wsj.com/moneybeat/2015/02/19/march-date-set-for-gold-fix-sw..

________________________________________________________________________________


Gold is cheaper in real terms now than it was in 2002, von Greyerz says

Submitted by cpowell on  Thursday, February 19, 2015.   Thursday, February 19, 2015

Swiss gold fund manager Egon von Greyerz tells King World News today that gold is cheaper today in real terms than it was at $300 in 2002 even as the monetary metal has become far more strategic in international affairs. An excerpt from his interview is posted at the KWN blog here:
http://kingworldnews.com/mainstream-media-lying-public-world-faces-dange...

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

DealBook P.M. Edition - February 19, 2015: New Rules Spur a Humbling Overhaul of Wall St. Banks

Thursday, February 19, 2015

TOP STORY
A growth in bank profits has largely been achieved by cutting costs, including salaries and head count.
New Rules Spur a Humbling Overhaul of Wall St. Banks Wall Street is in a transformation, as bonuses shrink, revenue growth stalls and business lines are cut, driven primarily by regulatory efforts.
  • NYT »
  •  
  •  
    DEALBOOK HIGHLIGHTS
    Sysco agreed to pay $3.5 billion for US Foods.
    F.T.C. Challenges Merger of Sysco and US Foods A combined company would inflict higher prices and worse service on restaurants, hospitals, hotels, schools and other customers, the agency said.
    Morgan Stanley fired Galen Marsh, 30, after the breach.
    Hackers May Have Taken Customer Data From Morgan Stanley Broker Federal authorities are investigating whether hackers broke into the laptop of the former broker and took customer data he had on his computer.
    Deal Professor: Delaware Courts Pause on the Deal Price Do-Over Hedge funds are increasingly exercising appraisal rights, but the strategy is not gaining wide favor from judges.
    ScienceLogic Raises $43 Million in New Funding Round The new financing for the start-up, which helps companies manage cloud computing systems, exceeds the amount raised in three previous rounds.
    Rexam Board to Recommend Investors Accept Ball Takeover Offer The deal would combine two of the world's largest makers of cans used for drinks in a merger expected to result in $300 million in annual cost savings by 2018.
    Reuters Breakingviews: High Antitrust Hurdle for Merger of Can Makers Ball's deal for Rexam is financially sound, but there are doubts it will go through.
    British Regulator to Examine Competition in Investment Banking The Financial Conduct Authority cites concerns about transparency, conflicts of interest and the impact of bundling services on competition.
    Buzz Tracker

SEC Enforcement Actions - February 19, 2015: SEC Charges Brothers-in-Law in Louisiana With Insider Trading.

 SEC Seal
02/19/2015 03:20 PM EST

The Securities and Exchange Commission today announced insider trading charges against a former Fortune 500 company executive and his brother-in-law whom he allegedly tipped with nonpublic information ahead of the company’s merger.
The SEC alleges that while serving as vice president of construction operations at Baton Rouge-based The Shaw Group, Scott Zeringue traded company securities based on confidential information he learned on the job about an impending acquisition by Chicago Bridge & Iron Company.  In the weeks leading up to the public announcement of the merger, Zeringue purchased 125 shares of Shaw common stock and asked his brother-in-law Jesse Roberts III, a dentist who lives in Ruston, La., to also purchase Shaw stock on his behalf.

WSJ | Biggest Decliners Closing on February 19, 2015.

Biggest Decliners Closing
Biggest Decliners
4:46 pm ET 02/19/2015
NYSE
ISSUEVOLUMEPRICECHG% CHG
Castlight Health Cl B (CSLT)8,989,498$6.54-2.92-30.87
Intelsat (I)1,650,85913.46-2.31-14.65
Triple-S Management Cl B (GTS)638,28420.87-3.25-13.47
Coeur Mining (CDE)4,973,6496.06-0.87-12.55
Niska Gas Storage Partners (NKA)885,9772.18-0.28-11.38
Boise Cascade (BCC)2,484,81638.73-3.99-9.34
Goldcorp (GG)17,784,54321.36-1.96-8.40
YuMe (YUME)881,3945.60-0.50-8.20
Invitae (NVTA)248,44719.91-1.72-7.95
CVR Energy (CVI)878,69238.71-3.17-7.57
Host Hotels&Resorts (HST)16,763,37221.87-1.67-7.09
CVR Refining (CVRR)1,169,48818.56-1.29-6.50
Key Energy Services (KEG)6,810,0252.06-0.14-6.36
North Atlantic Drilling (NADL)1,461,6761.90-0.12-5.94
Oi ADS New (OIBRC)16,3622.55-0.16-5.90
FXCM (FXCM)6,163,9541.99-0.12-5.69
MagnaChip Semiconductor (MX)1,419,6286.25-0.37-5.59
Terex (TEX)4,198,43025.38-1.42-5.30
LaSalle Hotel Properties (LHO)3,377,74539.36-2.18-5.25
GeoPark (GPRK)67,1364.41-0.24-5.16
Quiksilver (ZQK)878,0292.26-0.12-5.04
Qihoo 360 Technology (QIHU)5,443,83652.09-2.74-5.00
Petroleo Brasileiro ADS A (PBRA)12,074,8456.73-0.35-4.94
Civeo (CVEO)2,571,9733.85-0.20-4.94
Seventy Seven Energy (SSE)636,6555.33-0.27-4.82
 
Nasdaq

WSJ | Biggest Gainers Closing on February 19, 2015.

Biggest Gainers Closing
Biggest Gainers
4:46 pm ET 02/19/2015
NYSE
ISSUEVOLUMEPRICECHG% CHG
Adeptus Health (ADPT)379,777$41.135.6015.76
Ultra Petroleum (UPL)3,262,16916.611.7311.63
China Cord Blood (CO)124,1155.320.469.47
Sesa Sterlite ADS (SSLT)345,91014.171.179.00
Employers Holdings (EIG)342,96923.431.717.87
Terra Nitrogen (TNH)82,977149.4210.897.86
Fidelity National Financial Tracking Stock (FNFV)951,41914.091.027.80
Calgon Carbon (CCC)493,20921.371.497.49
Nimble Storage (NMBL)1,604,74725.311.727.29
Trinity Industries (TRN)6,261,78132.282.147.10
CVR Partners (UAN)745,69713.490.897.06
Empresas ICA ADS (ICA)599,1273.560.226.59
Intrepid Potash (IPI)2,560,19114.240.866.43
ExamWorks Group (EXAM)1,757,63340.092.306.09
Cheetah Mobile ADS (CMCM)368,42820.651.176.01
AVG Technologies (AVG)1,587,00621.881.215.85
Teekay Tankers (TNK)4,091,5736.120.315.34
Box Cl A (BOX)1,305,85018.960.965.33
Wayfair Cl A (W)681,89823.451.175.25
ITT Educational Services (ESI)469,5078.330.415.18
Materion (MTRN)161,01738.531.865.07
Imax (IMAX)2,087,14434.931.675.02
EPAM Systems (EPAM)405,19555.902.644.96
Model N (MODN)253,10112.060.564.87
Cloud Peak Energy (CLD)3,866,9108.200.384.86