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Showing posts from December 11, 2015

The Guardian | Environment | Climate Change | Cop 21: UN Climate Change Conference | Paris - December 11, 2015: Australia Belatedly Joins 'Coalition of Ambition' at Paris Climate Talks Australia belatedly joins 'coalition of ambition' at Paris climate talks Lenore Taylor   Australia has belatedly joined a “coalition of ambition” in the Paris climate talks – a loose grouping of more than 100 developed and developing countries including the US, EU, Canada and Brazil – aimed at countering a push by China, India and Saudi Arabia to water down aspects of the climate pact as negotiations run overtime.

WSJ | Major Indexes Closing on December 11, 2015.

The Wall Street Journal Major Indexes Closing Major Indexes 5:43 p.m. EST 12/11/15

SEC Press Release - December 11, 2015: Sports Team Offering Is A Penny Stock Fraud.

The Securities and Exchange Commission today announced fraud charges and a court-ordered asset freeze obtained against a Florida-based penny stock company falsely touting itself as “the largest publicly traded diversified portfolio of professional sports teams in the world.”

WSJ | Biggest Decliners Closing on December 11, 2015.

NYSE Biggest Percentage Decliners | Nasdaq | Arca | Composite

SEC | Press Release - December : SEC Proposes Rules for Resource Extraction Issuers Under Dodd-Frank Act

The Securities and Exchange Commission today voted to propose rules that would require resource extraction issuers to disclose payments made to the U.S. federal government or foreign governments for the commercial development of oil, natural gas or minerals.  The proposed rules, mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, are intended to further the statutory objective to advance U.S. policy interests by promoting greater transparency about payments related to resource extraction.

GATA | THE GATA DISPATCH - December 11, 2015: Articles: Zero Hedge: China's Devaluation Is Plan Is Warning to Fed Against Raising Rates | China Signals Aim To Loosen Yuan's Peg to Dollar and Use Currency Basket Instead | Austria Repatriates 15 Tonnes of Gold From London.


CMI Spot Prices as of Close of Trading in New York on December 11, 2015.

Spot Prices as of traditional New York closing times Friday, December 11, 2015 Gold Today Change Week Ago Month Ago

Wall Street at Close Report by CNBC on December 11, 2015: Dow Closes Down 300, S&POff Nearly 2% as Oil Slumps. Dow closes down about 300, S&P off nearly 2% as oil slumps Evelyn Cheng   U.S. stocks closed out a volatile week with sharp losses Friday, as oil hit near-seven-year lows and news of another corporate merger weighed ahead of the Fed's highly anticipated decision on rates next week. News of a roughly $800 million junk bond fund preventing withdrawals also unnerved markets. The S&P 500 had its worst week since the middle of August, while the Dow Jones industrial average and the Nasdaq composite had their worst week in a month. The major averages ended the week with losses of more than 3 percent, with the Nasdaq composite the worst performer, off about 4 percent for the week.

European Markets at Close Report on December 11, 2015: Europe Closes Sharply Lower After IEA Warning Weighs on Oil. Europe closes sharply lower after IEA warning weighs on oil Alexandra Gibbs, Arjun Kharpal, Holly Ellyatt European markets closed sharply lower on Friday as investor sentiment was curbed by more declines in the oil price.   FTSE FTSE 100 Index 5971.05 -117.00 -1.92% 558671846 DAX DAX Index 10377.04 -221.89 -2.09% 78690483 CAC 40 CAC 40 Index

Bits | The Business of Technology - December 11, 2015: Machines Outdo Humans in Identifying Characters

    Friday, December 11, 2015 Daily Report Machines Outdo Humans in Identifying Characters | Researchers say they have created artificial intelligence that in some cases can do a better job of learning and identifying characters than humans. While we're still a long way from the Terminator or the female automaton Ava in "Ex Machina," the development is a significant leap in A.I. technology. So-called computer-vision technology is already used in a wide array of products, from cars to video-game controls.

FTC | Consumer Updates - December 11, 2015: And Then a Light Bulb Went Off In Your Head.

by Pablo Zylberglait   Senior Attorney, Division of Litigation Technology and Analysis, FTC The days are suddenly getting shorter and you want to add some brightness without spinning the electricity meter like a dreidel.  But you haven’t bought light bulbs in a very long time and the light bulb aisle at the store seems, well, different.

ESA | Manufacturing and Trade: Inventories and Sales - December 11, 2015: October 2015 Business Inventories Were Unchanged From September and Up 2.0 % From October 2014...more

October 2015 business inventories were $1,814.5 billion, virtually unchanged from September and up 2.0 percent from October 2014.  Sales were $1,317.7 billion, down 0.2 percent from the previous month and down 2.7 percent from one year earlier. Advance Monthly Sales.pdf Economics & Statistics Administration

Reuters || Deals - December 11, 2015: Dow and DuPont to Merge in Deal to Create $130 Billion Chemical Giant. Dow and DuPont to merge in deal to create $130 billion chemical giant By Swetha Gopinath   Chemical giants DuPont and Dow Chemical Co agreed to merge in an all-stock deal valuing the combined company at $130 billion in a win for activist investors that could spark further consolidation in the farm chemicals industry. The deal to combine two of the biggest and oldest U.S. chemical producers is a prelude to an eventual split-up of the combined company into three discrete businesses, Dow and DuPont said on Friday. But it is likely to face intense regulatory scrutiny, given an extensive overlap of their agriculture businesses.

U.S. Stock Market Futures Indications Update by CNBC: Futures hold lower after retail sales; oil weighs Futures hold lower after retail sales; oil weighs staff   U.S. stock index futures indicated a lower open on Friday as oil continued to decline and traders eyed data that will provide one last look at the mood of consumers before the Fed meets next week to consider the first rate hike in nine years. November retail sales rose 0.2 percent. Ex-autos, retail sales rose 0.4 percent. Taking out autos, gasoline, building materials and food services, retail sales increased 0.6 percent after an unrevised 0.2 percent gain in October.

BLS News Release - December 11, 2015: PPI for final demand increases 0.3% in November; services advance 0.5%, goods fall 0.1%.

Bureau of Labor Statistics PPI for final demand increases 0.3% in November; services advance 0.5%, goods fall 0.1% 12/11/2015 The Producer Price Index for final demand increased 0.3 percent in November. Final demand prices decreased 0.4 percent in October and 0.5 percent in September. In November, prices for final demand services advanced 0.5 percent and the index for final demand goods declined 0.1 percent. HTML | PDF | RSS

NYT First Draft on Politics - December 11, 2015: Outcries and Criticism Fail to Yank Trump From Catbird Seat, Polls Say .

Friday, December 11, 2015 » Friday, December 11, 2015 Donald J. Trump in Spencer, Iowa, last week. Mark Kauzlarich/Reuters Outcries and Criticism Fail to Yank Trump From Catbird Seat, Polls Say By MAGGIE HABERMAN Good Friday morning. As he has done multiple times in this campaign, Donald J. Trump has shown that the criticism and controversy that chase his often inflammatory statements, do not follow him into the polls. Several new surveys show that his calls to bar Muslims from the Uni

The Guardian | Business | Markets | Stock Markets - December 11(11:46GMT) - IMF Chief Lagarde Highlights Brexit Referendum as Risk to Strong UK Economy IMF chief Lagarde highlights Brexit referendum as risk to strong UK economy - live Julia Kollewe Aprox 20m ago 11:46 Here is our full story on the IMF. — George Osborne (@George_Osborne) December 11, 2015 IMF says UK economic performance has been strong, exceeding other major advanced economies, with employment at record high & deficit down — George Osborne (@George_Osborne) December 11, 2015 IMF supports measures to build more homes, invest in skills. Also flags risks – we must work through plan to deliver economic security

Reuters | Global Climate Talks: Global Climate Talks Stumble Near Finish Line; Obama and Xi Talk. Global climate talks stumble near finish line; Obama and Xi talk By Emmanuel Jarry and David Stanway   PARIS Efforts to craft a global accord to combat climate change stumbled on Friday with China and many other nations refusing to yield ground, forcing host France to extend the U.N. summit by a day to overcome stubborn divisions.

Bloomberg View - December 11, 2015: Disappearances in China Highlight Ruling Party Detention System. Disappearances in China Highlight Ruling Party Detention System Bloomberg News   The baffling disappearance of Chinese executives in recent weeks has drawn attention to the ruling Communist Party’s practice of holding people incommunicado either as targets of investigations themselves or to help with probes of others. The most recent example came last night, when Caixin magazine reported that Guo Guangchang, the billionaire chairman of Fosun International Ltd. couldn’t be contacted, without giving further details. Fosun suspended its shares today and its bonds plunged by a record. Other high profile cases in recent weeks included two members of Citic Securities’ executive committee who became unreachable earlier this month, along with Yim Fung, the chief executive officer of Guotai Junan Securities Co.

DealBook Today's Top Headlines - December 11, 2015: Chairman of Fosun Group Said to Be Missing | High-Yield Fund Blocks Investor Withdrawals | The Blowback for the Whistle-Blower at JPMorgan.

  Friday, December 11, 2015 TODAY'S TOP HEADLINES By AMIE TSANG CHAIRMAN OF FOSUN GROUP SAID TO BE MISSING The billionaire chairman at one of China's biggest private conglomerates is reportedly missing as the authorities are intensifying their scrutiny of the finance sector , Michael Forsythe reports in DealBook. The group's listed arm, Fosun International, trades in Hong Kong and its shares were suspended on Friday with no explanation or announcements from the company.

U.S. Stock Market Future Indications by CNBC - December 11, 2015: Dow Futures Briefly Fall 150 Points as Street Eyes Retail Sales. Dow futures briefly fall 150 points as Street eyes retail sales staff U.S. stock index futures indicated a broadly lower open on Friday as traders looked towards the release of a set of data that will provide one last look at the mood of consumers before Federal Reserve officials meet next week to consider the first rate hike in nine years. Dow futures briefly fell about 150 points — and held about 130 points lower — ahead of the release of some key data points. Retail sales and PPI are due at 8:30 a.m. ET, with business inventories and consumer sentiment scheduled for release at 10:00 a.m. In oil markets, Brent crude traded at around $39.09 a barrel on Friday morning, down 1.61 percent, while U.S. crude was at around $36.30 a barrel, down 1.25 percent. In Asia the Shanghai Composite closed 0.58 percent lower while Japan's Nikkei finished 0.97 percent higher. In Europe, the pan-European Stoxx 600 ind

European Markets at Close Report by CNBC on December 11, 2015: Stocks Down 1.4% After IEA Warning Pushes Oil Lower. Stocks down 1.4% after IEA warning pushes oil lower Arjun Kharpal, Holly Ellyatt   European markets extended losses on Friday as sentiment is damaged by yet more declines in oil prices. The pan-European STOXX 600 was down over 1.4 percent with all major indices in negative territory. Global stock markets are on track to end the week deep in the red as the decline in oil prices continues with both Brent and WTI trading below 40 dollars a barrel. Asian markets traded mixed on Friday, despite Wall Street's positive finish overnight, as record low oil prices weighed on energy, material and industry sectors.