Dodd Unveils Financial Market Reform PlanCBS

Derivatives industry veteran, Jamie Cawley, comments on pending regulatory reform and remaining levels of credit counterparty risk in the financial markets.

Old Trade Clearing Picture Unclear -Derivatives Week Online

IDX CEO Cawley, appearing on a Financial Technologies Forum panel today in New York City, discusses the economics of novating existing CDS trades into a central clearinghouse.

Challenging the Status Quo - Structured Credit Investor

IDX's Jamie Cawley discusses clearinghouse fungibility and the likelihood the market supports multiple platforms.

Archived Capital Markets News

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9.6.2010		Hon Hai Cuts Target for Long-Term Sales - Wall Street Journal Hon Hai is lowering its long-term target for annual sales growth to 15% from twice that level previously, Chairman Terry Gou said. (more...)
9.6.2010		New Zealand, Taiwan Lead Asia Higher - Wall Street Journal Asian stock markets were higher Monday, as stocks rallied 1.1% in New Zealand after an earthquake there while tech companies rose in Taiwan. (more...)
9.6.2010		Samsung Flags Expansion - Wall Street Journal South Korea's Samsung Electronics is considering investing a record $25.55 billion next year to bolster its existing operations and expand into new business segments. (more...)
9.6.2010		Pink picks - Financial Times Comment, analysts and other offerings from Monday’s FT,Wolfgang Munchau: Don’t believe talk about European solvencyWhile the Europeans are celebrating the end of the financial crisis,... (more...)
9.6.2010		Black Days for the London Taxi - Wall Street Journal London's black cabs might be as iconic as Big Ben, but in a city that has seen other symbols almost disappear, being iconic doesn't guarantee a future. (more...)
9.6.2010		Obama to Unveil Infrastructure Plan - Wall Street Journal President Barack Obama will call for long-term investments in the nation's roads, railways and runways that would cost at least $50 billion. (more...)
9.6.2010		Why yes, August was rubbish - Financial Times File this one in the (bulging) ‘no one ? stocks’ archives.August in London, according to the London Stock Exchange:In August, 15.6 million trades were carried... (more...)
9.6.2010		Obama Unveils Infrastructure Plan - Wall Street Journal Obama plans to use an appearance at a Labor Day rally in Milwaukee to unveil a new $50 billion proposal to improve the nation's highways, airports and railways. (more...)
9.6.2010		Texas Probing Google's Searches - Wall Street Journal Google said the Texas attorney general's office is conducting an antitrust review of the Web giant's core search-engine business, another sign of growing government scrutiny of the company. (more...)
9.6.2010		Further reading - Financial Times Elsewhere on Monday,- Krugman says it’s all downhill from here.- How dead economic theories persist.- Here we go again on the European debt crisis.- Print money and... (more...)
9.6.2010		Snap news - Financial Times Breaking pre-market news on Monday,- India’s GTL cancels tower merger plan with Reliance – via Reuters.- France Telecom’s Polish unit hit with €396m fine —... (more...)
9.6.2010		New Zealand Assesses Quake Damage - Wall Street Journal New Zealand could spend at least $1.4 billion on repairs following Saturday's earthquake that damaged the city of Christchurch and set off aftershocks that shook the region. (more...)
9.6.2010		Euro Hits Three-Week High - Wall Street Journal The euro rose to a three-week high against the dollar in Asia, helped by strength in regional equity markets. (more...)
9.6.2010		Berggruen Looks to Revive Karstadt - Wall Street Journal For billionaire investor Nicolas Berggruen, signing a deal to acquire insolvent German retailer Karstadt was only half the battle. (more...)
9.6.2010		Tranche traders maintain index roll and curve activity - Creditflux Last week again saw active trading in CDX index rolls, say traders (more...)
9.6.2010		Back to the future in shorting Spain - Financial Times Back in May, at the peak of the European sovereign debt crisis, the Spanish stock market regulator announced it would ramp up rules on the disclosure of short positions on Spanish... (more...)
9.6.2010		Markets Live transcript 6 Sep 2010 - Financial Times Markets Live chat transcript for the chat ending at 11:23 on 6 Sep 2010. Participants in this chat were: Neil Hume, FT Bryce Elder NH Good morningNH and welcome to Markets... (more...)
9.6.2010		German Reactor Plan to Raise $38.69 Billion - Wall Street Journal Germany's proposal to keep its nuclear reactors running for years longer than planned is expected to bring in $38.69 in taxes from utility companies. (more...)
9.6.2010		Mark Hurd in Talks With Oracle - Wall Street Journal Mark Hurd, who resigned as chief executive of Hewlett-Packard last month, is in talks to join Oracle as a top executive. (more...)
9.6.2010		iShares launches euro high yield bond ETF - Creditflux BlackRock’s exchange traded fund platform iShares has today announced launching what it says is the world’s first euro high yield bond ETF offering investors access to the European high yield debt market. The iShares Markit iBoxx Euro High Yield fund offers exposure to nearly 100 of the most liquid sub-investment… (more...)
9.6.2010		Pondering last week’s bond sell-off - Financial Times Could it be that the epic run in government bond prices has finally come to an end?For example this was the action in the yields of US, German and UK government ten-year debt last week:... (more...)
9.6.2010		A revisionist history of the week begining Aug 30, 2010 - Financial Times There’s no pleasing some people.You might have thought last week was a good one for data what with the ISM and payrolls numbers beating expectations.  But it wasn’t,... (more...)
9.6.2010		Red Shirts Test Thai Limits - Wall Street Journal Four months after their Bangkok protests ended in a bloody crackdown, Thailand's antigovernment protesters are testing what leaders will allow, with a fund-raising concert and a planned rally. (more...)
9.6.2010		German Reactor Plan May Raise $38.69 Billion - Wall Street Journal Germany's proposal to keep its nuclear reactors running for years longer than planned will bring in $38.69 in taxes from utility companies. (more...)
9.6.2010		Abu Dhabi Fund Hires GM Economist - Wall Street Journal Abu Dhabi Investment Authority, the Middle East's largest sovereign wealth fund, hired Ted Chu as chief economist to help bolster its investment decisions. (more...)
9.6.2010		Mark Hurd Discusses A Top Role at Oracle - Wall Street Journal Mark Hurd, who resigned as chief executive of Hewlett-Packard last month, is in talks to join Oracle as a top executive. (more...)
9.6.2010		'The American' Tops Box Office - Wall Street Journal George Clooney's "The American" shot past rivals at the box office over the Labor Day holiday weekend. (more...)
9.6.2010		Rosneft Taps New CEO - Wall Street Journal The board of Rosneft nominated Eduard Khudainatov as the new head of the state-controlled oil major, less than a day after Russian President Dmitry Medvedev's ordered his appointment. (more...)
9.6.2010		Crash and burn, or when F1 meets FX - Financial Times Vroom!That’s the speed at which retail punters can be parted from their money on one of the many forex trading platforms that have sprung up in the past decade.And now you,... (more...)
9.6.2010		Making BP and big oil beautiful - Financial Times Those of uncharitable disposition might sum up BP’s strategic response to the Gulf of Mexico disaster as follows: remove the Brit with the funny accent and install a Yank as CEO.... (more...)
9.6.2010		Petraeus Slams Plan to Burn Qurans - Wall Street Journal Gen. Petraeus, the top U.S. commander in Afghanistan, said the planned burning of Qurans on Sept. 11 by a Florida church could put the lives of American troops in danger and damage the war effort. (more...)
9.6.2010		Hon Hai Looks to China's Interior - Wall Street Journal Hon Hai is investing in China's hinterland, as the electronics titan bets that the country can retain its role as the world's factory floor for decades. (more...)
9.6.2010		Larger Bounties Spur Surge in Fraud Tips - Wall Street Journal New awards for informants who help the SEC uncover fraud are already prompting a surge in tips. (more...)
9.6.2010		SJM Covets Sands's Land - Wall Street Journal Casino operator SJM Holdings has asked the Macau government for permission to take over a strategically located piece of land into which a unit of Las Vegas Sands has already poured more than $100 million. (more...)
9.6.2010		European Markets Rise in Light Trade - Wall Street Journal European stocks closed higher. The Stoxx Europe 600 posted its fourth gain in five sessions as RWE and E.ON each gained 1.8%. (more...)
9.6.2010		U.S. Plans to Deploy Broader Mortgage Aid - Wall Street Journal The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners that owe more than their homes are worth. (more...)
9.6.2010		Obama to Push Tax Break - Wall Street Journal President Obama will propose that companies be allowed to write off 100% of their new investment in plant and equipment through 2011, a plan that White House economists say would cut business taxes by nearly $200 billion over two years. (more...)
9.6.2010		Hurd Named Oracle's Co-President - Wall Street Journal Mark Hurd was named co-president of Oracle, heightening the rivalry between the software company and Hewlett-Packard, the technology giant he ran until departing amid a scandal last month. (more...)
9.6.2010		Oil Tycoon: PWC Caved to Kremlin - Wall Street Journal Defense lawyers for jailed Russian tycoon Mikhail Khodorkovsky are turning their legal guns on one of their client's former allies: auditor PricewaterhouseCoopers. (more...)
9.6.2010		Air Products Raises Airgas Bid - Wall Street Journal Air Products & Chemicals raised its cash offer for smaller rival Airgas to $65.50 a share, or $5.48 billion, in its hostile takeover bid. (more...)
9.6.2010		Asian Shares Mixed, Waiting for Australian Government - Wall Street Journal Asian stock markets were mixed, with mining stocks lower in Australia before an announcement on the formation of a new government. The Nikkei was down 0.6%. (more...)
9.6.2010		Global Hiring Imbalance - Wall Street Journal Companies in developing nations plan to sharply increase hiring in the fourth quarter, but in the U.S. and across Europe intentions are muted, according to a Manpower survey. (more...)
9.6.2010		Where's the Appetite for Risk? - Wall Street Journal From stocks to bonds to commodities, the question is when investors will want to take on more risk. Was last week's run-up, the Dow Industrials' best pre-Labor Day week in two decades, the start of a fall rally or just another surge to be followed by an equivalent decline? (more...)
9.6.2010		Deals Offer Dell Multiple Paths to Goal - Wall Street Journal After losing out to H-P last week in its bid to acquire storage maker 3PAR, Dell has other options as it looks to expand beyond its core personal-computer business. (more...)
9.6.2010		Challenges Cloud German Reactor Plan - Wall Street Journal Germany's government and energy utilities ended months of wrangling and agreed to extend the life of the country's nuclear-power plants, but popular resistance and possible legal challenges cloud the fate of the deal. (more...)
9.6.2010		U.K. Medical Journal Questions Avandia License - Wall Street Journal The British Medical Journal said GlaxoSmithKline's diabetes drug should never have been licensed and should be withdrawn from sale, a claim the company rejected. (more...)
9.6.2010		Reliance Steps Up Infrastructure Bet - Wall Street Journal Indian conglomerate Reliance ADA Group plans to make an ambitious move into financing infrastructure projects in an effort to alleviate one of the main bottlenecks to improving India's creaky roads and electrical grid. (more...)
9.6.2010		Medical Journal Urges U.K. to Pull Avandia - Wall Street Journal The British Medical Journal said diabetes drug Avandia should be withdrawn from sale. But GlaxoSmithKline said it has extensive documentation of the drug's benefits. (more...)
9.5.2010		Samsung Flags Record Investments - Wall Street Journal South Korea's Samsung Electronics is considering investing a record $25.55 billion next year to bolster its existing operations and expand into new business segments. (more...)
9.5.2010		Basque ETA Announces Ceasefire - Wall Street Journal The Basque separatist militant group ETA declared a ceasefire in a video statement. (more...)
9.5.2010		Eurozone governments to step up borrowing in September - Financial Times The eurozone debt crisis is about to enter a dangerous phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies (more...)
9.5.2010		Baghdad Attack Kills at Least a Dozen - Wall Street Journal At least 12 people were killed Sunday in what officials said was a sophisticated attack against Iraqi army facilities in central Baghdad, just days after the U.S. ended its combat mission. (more...)
9.5.2010		Beware the ending of a bond epic - Financial Times Investors continue to buy into the 30-year bond epic, but it is not hard to predict a dire ending - the bursting of another huge bubble, says Jonathan Davis (more...)
9.5.2010		Rosneft Taps New CEO - Wall Street Journal The board of Rosneft nominated Eduard Khudainatov as the new head of the state-controlled oil major, less than a day after Russian President Dmitry Medvedev's ordered his appointment. (more...)
9.5.2010		Mark Hurd Discusses A Top Role at Oracle - Wall Street Journal Mark Hurd, who resigned as chief executive of Hewlett-Packard last month, is in talks to join Oracle as a top executive. (more...)
9.5.2010		Wall Street's New Power Broker - Wall Street Journal A former numbers-cruncher at Ford Motor is now one of the most powerful people on Wall Street, whose opinion can sway fortunes and scuttle empires. (more...)
9.5.2010		Hon Hai Cuts Target for Long-Term Sales - Wall Street Journal Hon Hai is lowering its long-term target for annual sales growth to 15% from twice that level previously, Chairman Terry Gou said. (more...)
9.5.2010		UPS Plane Had Smoke in Cockpit - Wall Street Journal Investigators said a UPS cargo plane that crashed in Dubai shortly after takeoff Friday had smoke in the cockpit and was struggling to maintain altitude. (more...)
9.5.2010		Craigslist Adult Ads: "Censored" - Wall Street Journal The Adult Services section of Craigslist has been removed and replaced with the word "censored" since Friday night. (more...)
9.5.2010		BP Evidence Raised From Gulf - Wall Street Journal Investigators looking into what led to the BP oil spill in the Gulf of Mexica are a step closer to answers now that the well's blowout preventer has been retrieved. (more...)
9.5.2010		Fears rise as EU nations aim to raise borrowing - Financial Times The eurozone debt crisis is about to enter a dangerous phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies (more...)
9.5.2010		New Zealand Assesses Quake Damage - Wall Street Journal New Zealand could spend at least $1.4 billion on repairs following Saturday's 7.1-magnitude earthquake, which damaged more than 500 buildings and houses in the city of Christchurch and set off aftershocks that continued to shake the region. (more...)
9.5.2010		Asia Climbs; New Zealand Up - Wall Street Journal Asian stock markets were higher Monday, with the New Zealand market up 0.7% on gains in building stocks after a weekend earthquake. (more...)
9.5.2010		China Needn't Fear BHP Buying Potash, Exec Says - Wall Street Journal Investors are keen for signs of whether China fears a BHP Billiton takeover of Potash Corp. enough to try to disrupt it. One industry executive says Beijing need not worry. (more...)
9.5.2010		Thinking Outside the Stocks - Wall Street Journal The stock market may be slumping, but other investments, from student housing to parking lots, are surging. Here's how to play them. (more...)
9.5.2010		Mark Hurd in Talks With Oracle - Wall Street Journal Mark Hurd, who resigned as chief executive of Hewlett-Packard last month, is in talks to join Oracle as a top executive. (more...)
9.5.2010		BP Replaces Blowout Preventer - Wall Street Journal BP has placed a new blowout preventer at the top of the well that unleashed the Deepwater Horizon oil spill, and it is moving forward with a procedure to bring about its final demise. (more...)
9.5.2010		Berggruen Looks to Revive Karstadt - Wall Street Journal For billionaire investor Nicolas Berggruen, signing a deal to acquire insolvent German retailer Karstadt was only half the battle. (more...)
9.5.2010		As Gold Climbs, So Do the Deals - Wall Street Journal Gold prices are edging up toward a high, at $1,249.20 an ounce, triggering multibillion-dollar deals by miners doubling down on the staying power of bullion's nearly decadelong rally. (more...)
9.5.2010		FTfm on AV - Financial Times Protection of money market investors at riskInvestors in loss-making money market funds are less likely to be bailed out by fund sponsors in the future, increasing the risks of... (more...)
9.5.2010		KT Sets iPhone Date - Wall Street Journal South Korea's KT Corp. will start selling Apple's iPhone 4 in the country on Sept. 10. (more...)
9.5.2010		George Clooney's 'The American' Tops Labor Day Box Office - Wall Street Journal George Clooney's "The American" shot past rivals at the box office over the Labor Day holiday weekend. (more...)
9.5.2010		Samsung Flags Expansion - Wall Street Journal South Korea's Samsung Electronics is considering investing a record $25.55 billion next year to bolster its existing operations and expand into new business segments. (more...)
9.4.2010		Asia Looks to Tame Currencies - Wall Street Journal Singapore intervened in the foreign-exchange market and Korea resumed its intervention after a two-week break, while Japan has signaled it is weighing entering the market for the first time in six years. (more...)
9.4.2010		Earl Grazes New England - Wall Street Journal The tropical storm formerly known as Hurricane Earl slipped meekly by New England late Friday and early Saturday, leaving minimal damage in its wake after days of worry and preparation. (more...)
9.4.2010		U.S. Plans to Deploy Broader Mortgage Aid - Wall Street Journal The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners that owe more than their homes are worth. (more...)
9.4.2010		Kremlin to Nominate Rosneft CEO - Wall Street Journal The Russian state will nominate Rosneft's first deputy President Eduard Khudaynatov to head the company, a spokesman for Russian President Dmitri Medvedev said Saturday. (more...)
9.4.2010		Chaplain and Atheist at War - Wall Street Journal Navy Chaplain Terry Moran has an assistant, Philip Chute, who doesn't believe in God. On patrol in Afghanistan, they debate some of life's weightiest questions. (more...)
9.4.2010		Craigslist Adult Services: "Censored" - Wall Street Journal The Adult Services section of Craigslist has been removed and replaced with the word "censored" since Friday night. (more...)
9.4.2010		Griffith Investors Take Action - Wall Street Journal UBS and other investors go to court to try to force U.K. fund manager Reade Griffith to speed up the return of their money. (more...)
9.4.2010		BP Spill Costs Reach $8 Billion - Wall Street Journal BP said it has spent around $8 billion in response to the massive oil spill in the Gulf of Mexico and expects to resume its relief-well drilling shortly. (more...)
9.4.2010		A Chaplain and an Atheist Go to War - Wall Street Journal Navy Chaplain Terry Moran has an assistant, Philip Chute, who doesn't believe in God. On patrol in Afghanistan, they debate some of life's weightiest questions. (more...)
9.4.2010		Why God Did Not Create the Universe - Wall Street Journal There is a sound scientific explanation for the making of our world—no gods required. An excerpt from the new book by Stephen Hawking and Leonard Mlodinow. (more...)
9.4.2010		BP Replaces Well's Blowout Preventer - Wall Street Journal BP said it successfully replaced a damaged blowout preventer at the well that unleashed the Deepwater Horizon oil spill, so responders can finally kill the well. (more...)
9.4.2010		Wall Street's New, Unknown Power Broker - Wall Street Journal A former numbers-cruncher at Ford Motor is now one of the most powerful people on Wall Street, whose opinion can sway fortunes and scuttle empires. (more...)
9.4.2010		As Gold Climbs, So Do the Deals - Wall Street Journal Gold prices are edging up toward a high, at $1,249.20 an ounce, triggering multibillion-dollar deals by miners doubling down on the staying power of bullion's nearly decadelong rally. (more...)
9.4.2010		Petrobas prepares to raise up to R$55bn - Financial Times Petrobras, Brazil's national oil company, is preparing to raise as much as R$55bn from minority shareholders in what would be the world's biggest share sale (more...)
9.4.2010		Griffith Investors Seek Return of Cash - Wall Street Journal UBS and other investors go to court to try to force U.K. fund manager Reade Griffith to speed up the return of their money. (more...)
9.4.2010		Petrobras prepares to raise up to R$55bn - Financial Times Petrobras, Brazil's national oil company, is preparing to raise as much as R$55bn from minority shareholders in what would be the world's biggest share sale (more...)
9.4.2010		KT to Sets iPhone Date - Wall Street Journal South Korea's KT Corp. will start selling Apple's iPhone 4 in the country on Sept. 10. (more...)
9.4.2010		BP Replaces Blowout Preventer - Wall Street Journal BP said it successfully replaced a damaged blowout preventer at the well that unleashed the Deepwater Horizon oil spill, so responders can finally kill the well. (more...)
9.4.2010		Texas Probing Google's Searches - Wall Street Journal Google said the Texas attorney general's office is conducting an antitrust review of the Web giant's core search-engine business, another sign of growing government scrutiny of the company. (more...)
9.4.2010		Korea Finance to Issue Dollar Bonds - Wall Street Journal Policy-funding firm Korea Finance plans to raise $750 million through U.S. dollar-denominated bonds sometime this year. (more...)
9.4.2010		Jobs Data Provide Hope - Wall Street Journal The U.S. economy lost jobs for the third month in a row in August, but modest hiring by the private sector eased concerns of a double-tip recession. (more...)
9.4.2010		How to Revive Your 529 Investments - Wall Street Journal For investors in 529 plans, whose investment income is tax-free if the money is used for qualified college expenses, the past few years have been especially rough. (more...)
9.4.2010		BP Moves Forward With Plans for Oil Well - Wall Street Journal BP has placed a new blowout preventer at the top of the well that unleashed the Deepwater Horizon oil spill, and it is moving forward with a procedure to bring about its final demise. (more...)
9.4.2010		Seven Careers in a Lifetime? Think Twice - Wall Street Journal A belief that Americans will average seven careers over their lifetimes has gained traction despite little evidence, say researchers. (more...)
9.4.2010		Roche Launches Cost-Cutting Plan - Wall Street Journal Faced with austerity programs and health-care reforms around the world, Roche launched a cost-cutting plan that may include job reductions and a revamp of its research-and-development business (more...)
9.4.2010		Obama to Link Tax Cuts, Hiring - Wall Street Journal The Obama administration is moving toward using the revenue from expiring tax cuts for the wealthy to finance about $35 billion of tax cuts for small businesses and workers. (more...)
9.4.2010		Stocks Snap 3-Week Skid - Wall Street Journal The Dow Jones Industrial Average finished up 127.83 points, or 1.24%, to 10447.93, putting the Dow up 2.9% on the week—its first positive weekly showing since the beginning of August. (more...)
9.4.2010		Tony Blair Takes on the World - Wall Street Journal In an excerpt from his memoirs, Blair argues the West has become too imbued with doubt and lacking in mission. (more...)
9.4.2010		Wall Street's New Power Broker - Wall Street Journal A former numbers-cruncher at Ford Motor is now one of the most powerful people on Wall Street, whose opinion can sway fortunes and scuttle empires. (more...)
9.3.2010		Investors turn to linkers and gold to hedge uncertainty - Financial Times In 2002, Ben Bernanke deemed deflation such a threat that he referred to Milton Friedman's notion of handing out cash to stop falling prices (more...)
9.3.2010		Oil Remains King at Cajun Festival - Wall Street Journal In Cajun country, where families have been sustained by the bounties of the Gulf of Mexico for generations, you won't find much resentment against the offshore oil industry. (more...)
9.3.2010		Obama to Link Tax Cuts, Hiring - Wall Street Journal The Obama administration is moving toward using the revenue from expiring tax cuts for the wealthy to finance about $35 billion of tax cuts for small businesses and workers. (more...)
9.3.2010		Seven Careers in a Lifetime? Think Twice - Wall Street Journal A belief that Americans will average seven careers over their lifetimes has gained traction despite little evidence, say researchers. While job changes are common, the notion of multiple major career changes seems implausible. (more...)
9.3.2010		U.S. to Deploy Broader Mortgage Aid - Wall Street Journal The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners that owe more than (more...)
9.3.2010		As Gold Climbs, So Do the Deals - Wall Street Journal Gold prices are edging up toward a high, at $1,249.20 an ounce, triggering multibillion-dollar deals by miners doubling down on the staying power of bullion's nearly decadelong rally. (more...)
9.3.2010		Stocks Snap 3-Week Skid - Wall Street Journal The Dow Jones Industrial Average finished up 127.83 points, or 1.24%, to 10447.93, putting the Dow up 2.9% on the week—its first positive weekly showing since the beginning of August. (more...)
9.3.2010		Texas Probing Google's Searches - Wall Street Journal Google said the Texas attorney general's office is conducting an antitrust review of the Web giant's core search-engine business, another sign of growing government scrutiny of the company. (more...)
9.3.2010		Enron's Skilling Denied Bail - Wall Street Journal A federal appellate court judge turned down former Enron President Jeffrey Skilling's request for bail pending the continuing judicial review of his 2006 conspiracy and fraud conviction. (more...)
9.3.2010		After Labor Day, the Deluge - Wall Street Journal Corporate bond markets are preparing for a hectic week and month amid ripe conditions for companies to issue debt. (more...)
9.3.2010		Investors? turn to linkers and gold to hedge uncertainty - Financial Times In 2002, Ben Bernanke deemed deflation such a threat that he referred to Milton Friedman's notion of handing out cash to stop falling prices (more...)
9.3.2010		Illusions, opportunity costs, and uneconomists - Financial Times Time for a bit of Friday fun before you depart for the long (US) weekend.Have a crack at this word problem (answer further down the post* — no peeking):You won a free... (more...)
9.3.2010		Gates Sketches Afghan Combat Timeline - Wall Street Journal Defense Secretary Robert Gates said he envisions two or three more years of combat operations in Afghanistan before the U.S. transitions to an advisory role, a mission likely to last years more. (more...)
9.3.2010		Seeds for Apple TV in Washington - Wall Street Journal If regulators matter to Apple, it is as a threat to its growth. Except, that is, when it comes to what Steve Jobs likes to call a hobby: Apple TV. (more...)
9.3.2010		T-Mobile USA in Talks to Carry Huawei Phone - Wall Street Journal T-Mobile USA is in talks to distribute Huawei Technologies's new Google-powered smartphone this holiday season. The Ideos phone could be priced under $100 in the U.S. (more...)
9.3.2010		U.K. Fund Manager Pressured to Return Cash - Wall Street Journal UBS and other investors go to court to try to force U.K. fund manager Reade Griffith to speed up the return of their money. (more...)
9.3.2010		Petrobras Seeks $65 Billion From Sale - Wall Street Journal Brazil's state-run energy company Petrobras launched the world's largest-ever sale of shares to finance a $224 billion, five-year investment program. (more...)
9.3.2010		Petrobras prepares to raise $75bn - Financial Times Petrobras, Brazil's national oil company, is preparing to raise as much as R$55bn from minority shareholders in one of the biggest capital market transactions (more...)
9.3.2010		From North Korea, Word of Shortages - Wall Street Journal North Korea is grappling with food shortages, interviews with defectors and Chinese traders suggest. The privations come on the eve of a meeting that could signal its biggest political transformation in decades. (more...)
9.3.2010		T-Mobile in Talks for New Phone - Wall Street Journal T-Mobile USA is in talks to distribute Huawei Technologies's new Google-powered smartphone this holiday season. The Ideos phone could be priced under $100 in the U.S. (more...)
9.3.2010		TPG Sells Stake in Ping An - Wall Street Journal TPG sold its remaining stake in Ping An Insurance for $1.16 billion in the latest example of how the U.S. company is reaping profits from its investments in Asia. (more...)
9.3.2010		East Coast Braces for Hurricane Earl - Wall Street Journal A weakened Hurricane Earl began to hit southeast Virginia Friday. The storm is expected to stay away from New Jersey and the other mid-Atlantic states, but also pass very close to Long Island, Cape Cod and Nantucket. (more...)
9.3.2010		Don't Look to Jobless Rate for Fed Hints - Wall Street Journal Investors are counting on the August unemployment rate to send a clear signal about the prospect for more Fed policy easing. But they may only hear static. (more...)
9.3.2010		Gulf of Mexico Blaze Shakes Oil Industry - Wall Street Journal The fire that engulfed an oil and gas platform heightened pressure on the energy industry, which is battling greater regulation and a drilling ban. (more...)
9.3.2010		H-P Outguns Dell in Takeover Duel - Wall Street Journal It wasn't the biggest bidding war the tech world has ever seen, but the battle between titans H-P and Dell for a humble maker of data-storage systems certainly qualified as one of the wildest ever. (more...)
9.3.2010		Toshiba to Launch New Tablet Computer - Wall Street Journal Toshiba said that it will release by year-end a tablet computer that runs on Google's Android operating system as the company aims to compete with Apple's iPad. (more...)
9.3.2010		Andean Subject of Bidding War - Wall Street Journal One of the world's most prospective gold companies, Andean Resources of Australia, has become the subject of a bidding war between two Canadian companies. (more...)
9.3.2010		Countrywide's Case of Full Disclosure - Wall Street Journal When does a company that has made financial disclosures fail to satisfy disclosure requirements? (more...)
9.3.2010		IEA Predicts Greater Reliance on OPEC Oil - Wall Street Journal The global dependency on the members of the Organization of Petroleum Exporting Countries for oil will rise as production by non-OPEC nations falls. (more...)
9.3.2010		Roche Launches Cost-Cutting Plan - Wall Street Journal Roche said it has launched a cost-cutting and efficiency plan in the wake of increased price pressures and a series of drug-development setbacks. (more...)
9.3.2010		TPG Sells Ping An Stake for $1.16 Billion - Wall Street Journal TPG sold its remaining stake in Ping An Insurance for $1.16 billion in the latest example of how the U.S. company is reaping profits from its investments in Asia. (more...)
9.3.2010		BP Says Spill Costs Have Hit $8 Billion - Wall Street Journal BP said it has spent around $8 billion in response to the massive oil spill in the Gulf of Mexico and expects to resume its relief-well drilling shortly. (more...)
9.3.2010		A New Digital Battlefield - Wall Street Journal TV shows are emerging as a new front in the war over digital media between Amazon.com and Apple amid their ongoing battles over electronic books and online music. (more...)
9.3.2010		Putin Extends Wheat-Export Ban - Wall Street Journal The Russian prime minister's move helped push up the price of wheat and sparked fears of supply shortages and broader unrest over rising food costs. (more...)
9.3.2010		China Set on Lowering Property Prices - Wall Street Journal The Chinese government remains committed to forcing down housing prices, despite worries about a weak global economy and complaints from property developers. (more...)
9.3.2010		Techs Lead in Tokyo, Seoul - Wall Street Journal Asian stock markets were modestly higher Friday with technology plays leading markets in Tokyo and Seoul. The Nikkei rose 0.4%. (more...)
9.3.2010		Markets Live transcript 3 Sep 2010 - Financial Times Markets Live chat transcript for the chat ending at 11:18 on 3 Sep 2010. Participants in this chat were: Neil Hume, FT Bryce Elder NH HolaNH GoodmorningNH TFIFNH a bit... (more...)
9.3.2010		Sovereign default – Unnecessary, Undesirable, and Unlikely - Financial Times The IMF recently published the final part of its sovereign risk trilogy.Parts 1 and 2 were dark and quite frightening for investors, but Part 3 “Default in Today’s Advanced Economies:... (more...)
9.3.2010		Those /important/crucial/vital US jobs figures - Financial Times Yep it's another freaking economic indicator. But an important one, says FT Alphaville. US non-farm payrolls. The Reuters consensus forecast is for non-farm payrolls to have declined... (more...)
9.3.2010		Pink picks - Financial Times Comment, analysis and other offerings from Friday’s FT:Gillian Tett: Cautionary tale about exit strategies from 1930s JapanWho would want to be in the shoes of Fed chairman Ben Bernanke,... (more...)
9.3.2010		Snap news - Financial Times Breaking pre-market news on Friday:- Roche launches group-wide business review to “adapt cost structures and accelerate productivity improvements” – statement.... (more...)
9.3.2010		Asia Looks to Tame Currencies - Wall Street Journal Singapore intervened in the foreign-exchange market and Korea resumed its intervention after a two-week break, while Japan has signaled it is weighing entering the market for the first time in six years. (more...)
9.3.2010		A Chaplain and Atheist Go to War - Wall Street Journal Navy Chaplain Terry Moran has an assistant, Philip Chute, who doesn't believe in God. On patrol in Afghanistan, they debate some of life's weightiest questions. (more...)
9.3.2010		Jobs Data Provide Hope - Wall Street Journal The U.S. economy lost jobs for the third month in a row in August, but modest hiring by the private sector eased concerns of a double-tip recession. (more...)
9.3.2010		Goldman to Close Prop-Trading Unit - Wall Street Journal Goldman Sachs has decided to close its principal-strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by Congress. (more...)
9.3.2010		Griffith Investors Take Action - Wall Street Journal UBS and other investors go to court to try to force U.K. fund manager Reade Griffith to speed up the return of their money. (more...)
9.3.2010		Petrobras Seeks $65 Billion - Wall Street Journal Brazil's state-run energy company Petrobras launched the world's largest-ever sale of shares to finance a $224 billion, five-year investment program. (more...)
9.3.2010		Politicians Pitch on YouTube - Wall Street Journal Loopy online videos have become a hallmark of this midterm election, as candidates desperate for attention open themselves to ridicule with Internet ads. (more...)
9.3.2010		U.S. Mulls Joining Cycling Lawsuit - Wall Street Journal The U.S. Justice Department is weighing whether to intervene in a federal whistle-blower lawsuit filed earlier this year by one of Lance Armstrong's former cycling teammates, Floyd Landis. (more...)
9.3.2010		Retailers Top Lukewarm Forecast - Wall Street Journal Retailers delivered a late-summer surprise, with sales for the key back-to-school shopping month coming in better than expected. Same-store sales at chains like Costco, Macy's and Nordstrom beat expectations. (more...)
9.3.2010		'Flash Crash' Politicizes U.S. Stock Market - Wall Street & Technology Lawmakers pitching remedies for the U.S. stock market have politicized obscure concepts such as naked access and high-frequency market-making and ratcheted up pressure on regulators following the May "flash crash" that rattled investors. (more...)
9.3.2010		Chi-X Europe Launches IDR Trading - Advanced Trading Chi-X Europe announced that it has commenced trading of international depositary receipts, covering 50 stocks from 12 nations, forming the pan-European exchange’s 16th market segment. (more...)
9.3.2010		A Bright Spot for Agency Brokers - Advanced Trading As agency brokers expand into the alternative research area, they are becoming alpha generators, which turns out to be a more stable, if not growing, piece of the total commission pie. (more...)
9.3.2010		Beware the Greeks, though not just yet - Financial Times Here’s an interesting chart ripped from the CFR Geo-Graphics blog:Notice anything strange?The European Stabilization Mechanism was announced on May 11, the date represented... (more...)
9.3.2010		The politics of (yen) intervention - Financial Times With the S&P 500 up nearly 4 per cent in two days, commodities prices firming, better-than-expected economic data, and core bond prices under pressure, some analysts are (already)... (more...)
9.3.2010		U.S. Private Sector Adds 67,000 Jobs - Wall Street Journal The U.S. economy lost 54,000 jobs in August as census workers continued to exit payrolls, but the private sector added 67,000 jobs. The unemployment rate rose to 9.6%. (more...)
9.3.2010		VTB highlights Russian bond opportunities - Creditflux VTB Capital research today points to an increase in demand for Russian Eurobonds on the back of upbeat market statistics. Strategists note investor appetite yesterday for US dollar-denominated bonds, with long issues gaining 75-100bp. Gazprom was among those in focus, with the company issuing new notes yielding 6.1%, slightly at… (more...)
9.3.2010		Spanish issues benefit from sovereign mood - Creditflux Spanish companies yesterday harnessed the positive sentiment around the latest government debt auction to get their own bond issues away. Telefonica sold €1 billion of seven-year, 3.66% notes – the first Spanish corporate issue since Iberdrola some six months ago. The yield on the notes was in at 149bp, with… (more...)
9.3.2010		BGC Cantor Offers Fully Electronic Euro Interest Rates Swap Trades - Advanced Trading BGC Trader IRS, which went live on Sept. 1st, is an extension of BGC's proprietary hybrid technology platform. (more...)
9.3.2010		US non-farm payrolls – down 54,000 - Financial Times US non-farm payrolls fell by 54,000 jobs in August while the unemployment rate remained constant at 9.6 per cent, according to The Bureau of Labor Statistics.The decline was... (more...)
9.3.2010		Jobs Report Boosts Riskier Markets - Wall Street Journal Stocks and other growth-sensitive markets, including the euro, got the best news they've had for some time with Friday's better-than-expected U.S. payrolls report for August. (more...)
9.3.2010		BP Spill Costs Reach $8 Billion - Wall Street Journal BP said it has spent around $8 billion in response to the massive oil spill in the Gulf of Mexico and expects to resume its relief-well drilling shortly. (more...)
9.3.2010		IEA Sees More Reliance on OPEC Oil - Wall Street Journal The global dependency on the members of the Organization of Petroleum Exporting Countries for oil will rise as production by non-OPEC nations falls. (more...)
9.3.2010		Officials Move to Tame Asian Currencies - Wall Street Journal Singapore intervened in the foreign-exchange market and Korea resumed its intervention after a two-week break, while Japan has signaled it is weighing entering the market for the first time in six years. (more...)
9.3.2010		Blasts Target Muslim Minorities in Pakistan - Wall Street Journal An attack on a Shiite rally killed at least 43 people in southwestern Pakistan, while a suicide bomber targeted a minority Sunni mosque in Peshawar. (more...)
9.3.2010		Another prop desk folds, this time at Goldman - Financial Times Bloomberg is reporting that Goldman Sachs is disbanding its Principal Strategies prop trading unit:*GOLDMAN SACHS SAID TO BE DISBANDING PRINCIPAL STRATEGIES UNIT*GOLDMAN PRINCIPAL... (more...)
9.3.2010		What are stock index future curves telling us? - Financial Times Has anyone else noticed that stock index futures fell into backwardation just after the Lehman crisis?Well, we for one couldn’t find any commentary on it.Accordingly... (more...)
9.3.2010		Final thoughts on the payroll numbers - Financial Times As usual AV readers did a good job of teasing out some of the nuances in Friday’s payroll report, and for more analytical heavy lifting we are outsourcing to Calculated Risk:... (more...)
9.3.2010		A Vix curve ball - Financial Times Things, it seems, are still looking a bit funny in the world of VIX futures.Pragmatic Capitalism, for example, wondered on Thursday why it was that volatility futures were refusing... (more...)
9.3.2010		Stocks Could Snap 3-Week Skid - Wall Street Journal The Dow was on course to snap a three-week losing spell and turned positive for the year to date amid optimism in the wake of the jobs report. (more...)
9.3.2010		IEA Sees OPEC Sway Growing - Wall Street Journal The global dependency on the members of the Organization of Petroleum Exporting Countries for oil will rise as production by non-OPEC nations falls. (more...)
9.3.2010		Toshiba to Launch New Tablet - Wall Street Journal Toshiba said that it will release by year-end a tablet computer that runs on Google's Android operating system as the company aims to compete with Apple's iPad. (more...)
9.3.2010		Goldcorp to Buy Andean - Wall Street Journal Canadian miner Goldcorp said it had reached a deal to buy Andean Resources in a deal that values the gold company at around $3.42 billion. (more...)
9.3.2010		Pechter Bids for Value Line Funds - Wall Street Journal Richard Pechter, a director of Finra and NYSE's regulatory arm, said this week that he made an offer for Value Line's troubled mutual-fund business. (more...)
9.3.2010		Campbell's Soup Sales Slip - Wall Street Journal Campbell Soup quarterly profit rose 64% as the company cut costs, but its U.S. soup sales continued to decline despite efforts to attract consumers with more promotions. (more...)
9.3.2010		Boeing Has No Plans to Finance 787 Deliveries for 2011 - Wall Street Journal Boeing Co. doesn't plan to finance any of the 787 aircraft due for delivery next year, while one of its largest customers said it needs more clarity on the final delivery schedule before it can approach lenders. (more...)
9.3.2010		Petrobras Seeks $64 Billion From Sale - Wall Street Journal Brazil's state-run energy company Petrobras launched the world's largest-ever sale of shares to finance a $224 million, five-year investment program. (more...)
9.3.2010		Petrobras prepares to raise R$55bn - Financial Times Petrobras, Brazil's national oil company, is preparing to raise as much as R$55bn from minority shareholders in one of the biggest capital market transactions (more...)
9.3.2010		Economists Grapple Over Job Creation - Wall Street Journal Washington's response to the country's stubbornly high unemployment rate will depend in part on who wins an increasingly intense debate over its causes. (more...)
9.3.2010		Goldman to Shut Principal Strategies Unit - Wall Street Journal Goldman Sachs has decided to close its principal-strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by Congress. (more...)
9.3.2010		Texas Probes Google's Search Engine - Wall Street Journal Google said the Texas attorney general's office is conducting an antitrust review of the Web giant's core search-engine business, another sign of growing government scrutiny of the company. (more...)
9.3.2010		UPS Cargo Plane Crashes Near Dubai - Wall Street Journal A UPS cargo plane crashed Friday evening after takeoff near Dubai, killing two pilots in the package delivery giant's first fatal aircraft accident. (more...)
9.3.2010		BP Provides Lessons Learned From Spill - Wall Street Journal BP disclosed various lessons and capabilities built from trouble-shooting the big oil spill in the U.S. Gulf of Mexico. (more...)
9.2.2010		ETF pricing NAVigation - Financial Times Dave Nadig over at Index Universe has a really good post this week about the pricing of exchange traded funds with respect to their net asset values.There is, after all, a tendency... (more...)
9.2.2010		A 99% depreciation in the worth of Blankfeins - Financial Times The Goldman Sachs CEO was right at the top of Vanity Fair’s 2009 list of the 100 most influential people:But this year … there’s been a wee bit of slippage:... (more...)
9.2.2010		Markets Live transcript 2 Sep 2010 - Financial Times Markets Live chat transcript for the chat ending at 11:17 on 2 Sep 2010. Participants in this chat were: Neil Hume, FT Bryce Elder NH Morning allNH on time todayNH 11.03am... (more...)
9.2.2010		CSAs the Spanish way [updated] - Financial Times Hot on the heels of Portugal’s two-way CSA, comes a partial step from Spain.From the excellent Chris Whitall, over at Risk Magazine:The Spanish debt office is in negotiations... (more...)
9.2.2010		Dell Pulls Out of 3PAR Bidding War With H-P - Wall Street Journal Dell said it will pull out of the bidding war for 3PAR after rival Hewlett-Packard raised its offer for the data-storage company yet again to $33 a share, or roughly $2.1 billion. (more...)
9.2.2010		U.S. Funds Boost Eyed for Yemen - Wall Street Journal The U.S. military's Central Command has proposed pumping as much as $1.2 billion over five years into building up Yemen's security forces in a sign of Washington's fears of al Qaeda's growing foothold on the Arabian Peninsula. (more...)
9.2.2010		Bernanke, Bair Defend Markets Overhaul - Wall Street Journal The need to eliminate firms that are "too big to fail" was the top lesson from the financial crisis, Fed chief Ben Bernanke told an investigative panel. Regulators "now have the tools to do that," he said. (more...)
9.2.2010		Burger King Agrees to 3G Capital Buyout - Wall Street Journal Burger King agreed to be acquired by New York-based private investment firm 3G Capital Management for about $4 billion, including both equity and debt. (more...)
9.2.2010		Stocks 'Stuck' - Wall Street Journal U.S. stocks eked out slight gains as better-than-expected data from the housing and retail sectors were offset by concerns for Friday's jobs report. (more...)
9.2.2010		Jobless Claims Edge Down - Wall Street Journal The unemployment claims survey continued to paint a sluggish picture of the economy, while productivity of U.S. workers fell in the second quarter more than previously thought (more...)
9.2.2010		VimpelCom in Deal Talks - Wall Street Journal Russian telecom operator Vimpel Communications said it's in talks to buy Egyptian and Italian telecom assets, as it reported a 52% decline in net profit. (more...)
9.2.2010		Avis Increases Cash Portion of Dollar Thrifty Bid - Wall Street Journal Avis increased the cash portion of its offer for Dollar Thrifty as it battles Hertz for the potential buyout. (more...)
9.2.2010		GM, Toyota, Ford Gain in China - Wall Street Journal The three auto makers on Thursday posted moderate August sales gains in China amid new government incentives for fuel-efficient cars. (more...)
9.2.2010		Record Total of Bookrunners for AIA IPO - Wall Street Journal American International Group's application to list its main pan-Asian life insurer contained a record 11 bookrunners, people familiar with the matter said, a further sign that the company is determined to raise as much money as possible. (more...)
9.2.2010		Greenland Oil Protest Ends - Wall Street Journal Cairn Energy said it has restarted operations on the oil drilling rig it has under contract offshore Greenland following the end of a protest by Greenpeace. (more...)
9.2.2010		RBS to Cut Back-Office Jobs - Wall Street Journal RBS will cut 3,500 positions in its back-office operations across the U.K., as it continues to shrink its businesses. (more...)
9.2.2010		The housing bubble reconsidered - Financial Times Maybe it was Jackson Hole or the August slowdown, but academics are in a reflective mood these days.And some of them are especially interested in answering one specific question... (more...)
9.2.2010		Blaze in Gulf Shakes Oil Industry - Wall Street Journal The fire that engulfed an oil and gas platform in the Gulf of Mexico heightened pressure on the energy industry, which is battling greater regulation and a deep-water drilling ban. (more...)
9.2.2010		A New Digital Battlefield - Wall Street Journal TV shows are emerging as a new front in the war over digital media between Amazon.com and Apple amid their ongoing battles over electronic books and online music. (more...)
9.2.2010		Countrywide's Case of Full Disclosure - Wall Street Journal When does a company that has made financial disclosures fail to satisfy disclosure requirements? (more...)
9.2.2010		U.S. Frets Over Foreign GM Investors - Wall Street Journal The U.S. Treasury is concerned about the political fallout of allowing overseas investors to buy big stakes in General Motors through the car maker's initial public offering this fall. (more...)
9.2.2010		Employers Raise Workers' Share of Health Costs - Wall Street Journal Employers passed health-insurance costs onto employees at a sharply higher rate this year, and businesses' premiums grew more slowly than they have in a decade, according to an annual survey. (more...)
9.2.2010		Europe's 4-Regulator Solution - Wall Street Journal The European Union reached a preliminary deal Thursday to set up four new European regulators to strengthen supervision of the region's financial-services industry. (more...)
9.2.2010		Retailers Top Lukewarm Forecast - Wall Street Journal Retailers delivered a late-summer surprise, with sales for the key back-to-school shopping month coming in better than expected. Same-store sales at chains like Costco, Macy's and Nordstrom beat expectations. (more...)
9.2.2010		AIG Loads Up for Unit's IPO - Wall Street Journal AIG's application to list its main pan-Asian life insurer contained a record 11 bookrunners, a further sign that the company is determined to raise as much money as possible. (more...)
9.2.2010		Canadian Rejected China Potash Offer - Wall Street Journal The investment chief of a big Canadian pension fund said he turned down a request to participate in a Chinese-backed consortium interested in launching a counterbid for Potash Corp. (more...)
9.2.2010		New Jobless Claims Decline - Wall Street Journal Fewer workers filed new claims for unemployment benefits last week, the second week in a row such claims declined and a rare bright spot in an otherwise grim job market. (more...)
9.2.2010		Avis Raises Dollar Thrifty Bid - Wall Street Journal Avis Budget Group increased the cash portion of its offer for Dollar Thrifty to $40.75 a share, as it battles Hertz for the potential buyout. (more...)
9.2.2010		Retailers Show Surprising Strength - Wall Street Journal Retailers' August same-store sales showed gains, with chains like Costco, Macy's and Nordstrom beating expectations. (more...)
9.2.2010		Aeon Looks Beyond Japan - Wall Street Journal Aeon's appetite for Carrefour's stores in southeast Asia reflects the Japanese supermarket and general-merchandise retailer's struggles with weak demand and heightened competition at home. (more...)
9.2.2010		Investigation Broadens in Egg Recall - Wall Street Journal The criminal division of the Food and Drug Administration and the Justice Department have joined the probe of the Iowa farm at the heart of the recent egg recall linked to an outbreak of salmonella, the FDA chief said. (more...)
9.2.2010		Esprit Net Profit Falls 11% - Wall Street Journal Esprit Holdings said its fiscal full-year net profit fell 11% on weak wholesale business and continued economic weakness in Europe, from which it derives the majority of its revenue. (more...)
9.2.2010		Xerox Touts Business Side - Wall Street Journal Xerox is launching its most expensive advertising campaign in two decades, as Chief Executive Ursula Burns looks to reposition the company as more than just a copier maker. (more...)
9.2.2010		A&P Mulls Selling Food Emporium Chain - Wall Street Journal Great Atlantic & Pacific Tea, operator of the struggling A&P supermarket chain, is considering selling its Food Emporium stores. (more...)
9.2.2010		Boeing Has No Plans to Finance 787 Deliveries for 2011 - Wall Street Journal Boeing Co. doesn't plan to finance any of the 787 aircraft due for delivery next year, while one of its largest customers said it needs more clarity on the final delivery schedule before it can approach lenders. (more...)
9.2.2010		GOP Works to Woo Voters - Wall Street Journal House Republicans are hunting for an election-season middle ground on which they can make promises to voters without providing enough details to be attacked by Democrats. (more...)
9.2.2010		Further reading - Financial Times Elsewhere on Thursday,- The Chinese-hedging-gone-awry theory of Treasuries.- Hard days ahead for hedge funds.- The economic narrative.- Why America isn’t working.... (more...)
9.2.2010		IBM Claims Fastest Mainframe - Wall Street Journal IBM unveiled details of its new advanced mainframe chips that it said can process information at record-breaking speeds, more than 17,000 times the rate of the company's high-end system in 1970. (more...)
9.2.2010		SEC Probes Cancelled Trades In Flash Crash - Wall Street & Technology U.S. securities regulator is looking into a Wall Street trading practice in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second, only to be canceled almost immediately, the Wall Street Journal reported on Thursday. (more...)
9.2.2010		SEC Charges N.J. Investment Advisor With $11 Million Fraud - Advanced Trading The U.S. Securities and Exchange Commission announced it charged a New Jersey investment advisor and three of her firms with fraud for allegedly operating a scheme involving the sale of phony promissory notes to investors. (more...)
9.2.2010		A brief look back at a weird August - Financial Times We think a few points are worth highlighting from the M&A and capital markets snapshots just released by Thomson Reuters.First, after an extraordinary first half of the month,... (more...)
9.2.2010		A history lesson from the FCIC - Financial Times In addition to grilling Dick Fuld on Wednesday, the FCIC has also quietly released a preliminary staff report documenting the history of ‘Too Big To Fail’ bailouts... (more...)
9.2.2010		Workers Rescued From Gulf Platform - Wall Street Journal All 13 people from a Mariner Energy offshore platform that caught fire south of Vermilion Bay in Louisiana have been rescued, said the U.S. Coast Guard. (more...)
9.2.2010		Pink picks - Financial Times Comment, analysis and other offerings from Thursday’s FT,John Gapper: Hedge funds should cool it on taxTry to extract money from a hedge fund manager or the founder of... (more...)
9.2.2010		Snap news - Financial Times Breaking pre-market news on Thursday,- Spice and Cinven in advanced discussions over a 70p a share cash offer – statement.- Esprit H2 net profit down 19 per cent –... (more...)
9.2.2010		Outlook Dimming for Democrats - Wall Street Journal Eroding support for Democrats is roiling dozens of House races and boosting Republican confidence that the GOP will retake the House in November. (more...)
9.2.2010		Tensions Rise as Mideast Talks Begin - Wall Street Journal Rising tensions in the Mideast cast a shadow over the start of the first direct Israeli-Palestinian peace talks in nearly two years, and leaders at the Washington summit vowed to press on. (more...)
9.2.2010		Apple Tries Again at TV - Wall Street Journal Apple is making another push to bring Internet-delivered TV to the living room, but CEO Steve Jobs's plan to offer 99-cent TV-show rentals is getting limited support from media companies. (more...)
9.2.2010		Asia Higher, But Caution Prevails - Wall Street Journal Asian stock markets were higher Thursday morning. In Tokyo, tech plays and automakers were driving the market higher, pushing the Nikkei up 1.2% (more...)
9.2.2010		Land Acquisition Starts for Australian LNG Project - Wall Street Journal Western Australia state said it has begun compulsory acquisition for land planned for the massive Browse liquefied natural gas project, after talks with an indigenous land council failed to reach a deal. (more...)
9.2.2010		Pernod Ekes Out a Profit - Wall Street Journal French drinks group Pernod reported a 1% rise in full-year profit and said it would continue the strong marketing investment behind its brands to take advantage of a gradual recovery in mature markets. (more...)
9.2.2010		IMF Warns on Rising Debt - Wall Street Journal The International Monetary Fund, which has been warning that U.S. and European debt levels are rising dangerously, downplayed the likelihood that Greece would default. (more...)
9.2.2010		The Cult of Equity is dead. Long live bonds - Financial Times If Citigroup's global equity strategist was at all still prevaricating on which side to take in the bond-stock decoupling conundrum, he's firmly made up his mind now, says FT Alphaville.... (more...)
9.2.2010		CSAs the Spanish way - Financial Times Hot on the heels of Portugal’s two-way CSA, comes a partial step from Spain.From the excellent Duncan Wood, over at Risk Magazine:The Spanish debt office is in negotiations... (more...)
9.2.2010		SEC Probes Canceled Trades - Wall Street Journal Regulators are scrutinizing the practice of "quote stuffing," in which investors place large numbers of trades in a fraction of a second, then cancel them almost immediately. (more...)
9.2.2010		Burger King's Latest Pickle - Wall Street Journal As Burger King considers going private again, frustrated franchisees and investors are wondering whether the burger chain needs a new strategy rather than yet another new owner. (more...)
9.2.2010		Clashing Testimony on Lehman - Wall Street Journal The Democratic chairman of a blue-ribbon panel examining the U.S. financial crisis said that government officials made a "conscious policy decision" not to prevent Lehman Brothers' 2008 collapse, potentially accelerating the financial crisis. (more...)
9.2.2010		More intrigue in the wonderful world of potash - Financial Times An even bigger week than usual for potash-related deals and developments with Russia — undoubtedly spurred to new competitive heights by BHP’s hostile $38.6bn bid for... (more...)
9.2.2010		EU Group Seeks Better Access to China - Wall Street Journal A European business group urged China to allow foreign businesses better access to its domestic market, arguing that regulatory barriers could threaten investment. (more...)
9.2.2010		Euro-Zone Growth Jumps - Wall Street Journal The strongest rise in consumer spending since the start of the financial crisis helped drive the euro zone's strong growth in the second quarter. (more...)
9.2.2010		Lloyds hires financial institutions DCM head - Creditflux Lloyds TSB Corporate Markets has appointed a s head of financial institutions debt capital markets (more...)
9.2.2010		Boeing 787 Training Is Virtual - Wall Street Journal Mechanics going through Boeing's 25-day training class for the company's long-delayed 787 Dreamliner use a system that displays an interactive cockpit and 3-D exterior, but they don't get to touch the plane. (more...)
9.2.2010		Obama Struggles With Urgent Task Of Fixing Economy - Wall Street & Technology President Barack Obama has declared fixing the U.S. economy his "central mission" but he has few tools to bring down nearly double-digit unemployment or jump-start the faltering recovery this year. (more...)
9.2.2010		Europe Under Pressure To Approve Financial Regulations - Wall Street & Technology European Union officials and lawmakers are returning from their summer break to face a bulging in-tray of regulatory measures to approve. (more...)
9.2.2010		BRICs - Victims of Success With Global Investors? - Advanced Trading Shares of companies from the world's biggest developing economies are increasingly featuring in global fund portfolios, a possible reason why BRIC markets are underperforming in 2010 compared to emerging market peers. (more...)
9.2.2010		Slicing the Alpha-Generation Pie - Advanced Trading In building out their research capabilities, agency brokers are encroaching on the bulge bracket's turf. (more...)
9.2.2010		SEC Probes Cancelled Trades in Flash Crash - WSJ - Advanced Trading U.S. securities regulators are looking into a trading practice called "quote stuffing," in which unusually large numbers of rapid-fire orders to buy or sell stocks are placed and canceled almost immediately, the Wall Street Journal reported on Thursday. (more...)
9.2.2010		Crescent Financial Buys $3.2 Million Stake in IT Trading - Advanced Trading Crescent Financial Partners Inc. announced it purchased a $3.2 million stake in IT Trading, LLC’s proprietary trading software, which deploys a statistical arbitrage trading model that has been under development for nearly a decade. (more...)
9.2.2010		Crisis alters corporate treasurers' risk outlook - Financial Times These self-effacing types are playing a much more princely role now that cash is king, says Richard Milne (more...)
9.2.2010		Israel, Palestinians Set Next Round of Talks - Wall Street Journal The two sides, meeting in Washington for the first direct Middle East peace talks in nearly two years, agreed to convene a second round in two weeks. (more...)
9.2.2010		Stocks Inch Up Ahead of Jobs Report - Wall Street Journal Stocks edged higher as better-than-expected housing and retail data provided some encouragement, but caution ahead of Friday's employment report limited the gains. (more...)
9.2.2010		SEC Investigates Canceled Trades - Wall Street Journal Regulators are scrutinizing the practice of "quote stuffing," in which investors place large numbers of trades in a fraction of a second, then cancel them almost immediately. (more...)
9.2.2010		Abbott Abandons Sale of Unit - Wall Street Journal Abbott pulled the plug on the sale of its European flu-vaccine business when initial bids came in below the company's expectations. (more...)
9.2.2010		Disney, Time Warner Reach Deal - Wall Street Journal Disney and Time Warner Cable reached an accord after marathon negotiations over a long-term deal that will provide Time Warner Cable subscribers with a wide swath of Disney's programming. (more...)
9.2.2010		Manager Rejected China Potash Offer - Wall Street Journal The investment chief of a big Canadian pension fund said he turned down a request to participate in a Chinese-backed consortium interested in launching a counterbid for Potash Corp. (more...)
9.2.2010		Oil Platform Continues To Burn in Gulf of Mexico - Wall Street Journal Mariner Energy's oil and gas platform continued to burn in the Gulf of Mexico more than three hours after it was reported to be engulfed in flame, Louisiana Gov. Jindal said. Thirteen workers were rescued. (more...)
9.2.2010		H-P Outguns Dell in Takeover Duel - Wall Street Journal It wasn't the biggest bidding war the tech world has ever seen, but the battle between titans H-P and Dell for a humble maker of data-storage systems certainly qualified as one of the wildest ever. (more...)
9.2.2010		Bernanke Defends Record On Lehman - Wall Street Journal Fed chief Ben Bernanke told a panel that he had no options to prevent Lehman Brothers' failure in September 2008 even though he knew its downfall would be "catastrophic." (more...)
9.2.2010		Putin Extends Wheat-Export Ban - Wall Street Journal The Russian prime minister's move helped push up the price of wheat and sparked fears of supply shortages and broader unrest over rising food costs. (more...)
9.2.2010		Disney Reaches Deal With Time Warner Cable - Wall Street Journal Disney reached a long-term agreement with that allows Time Warner Cable to continue to distribute programming from its broadcast and cable networks. (more...)
9.2.2010		Late Push Lifts Dow Before Jobs - Wall Street Journal The Dow industrials rose 50.33 points, or 0.49%, to 10319.80, mounting a late afternoon push as investors awaited monthly jobs data on Friday. (more...)
9.2.2010		BK's Strategy: Play Catch-Up - Wall Street Journal Burger King Holdings Inc. agreed to a $3.3 billion leveraged buyout by private-equity firm 3G Capital Management that proposes to reinvigorate the struggling hamburger chain by accelerating its international expansion. (more...)
9.1.2010		Emerging market dollar issues soar - Financial Times Companies and governments in emerging markets borrow more cheaply in the dollar than in their currencies for the first time in two years (more...)
9.1.2010		FCC Still Weighing Broadband Plan - Wall Street Journal The FCC is still considering a proposal to re-regulate broadband access under rules designed for telephone service, contrary to speculation that the agency had abandoned the effort in the face of industry opposition. (more...)
9.1.2010		Burger King in Talks Over Possible Sale - Wall Street Journal Burger King has been in talks with private-equity firms about a possible sale. The status of the talks is unclear but one interested firm was 3i Group PLC, a British private-equity firm. (more...)
9.1.2010		Vivendi Lifts Full-Year Forecast - Wall Street Journal French media giant Vivendi raised its full-year targets but reported a 3.7% drop in second-quarter net profit due to higher taxes. (more...)
9.1.2010		Australia, China Data Push Asian Shares Up - Wall Street Journal Asian stock markets were moving higher Wednesday on solid economic data from China and Australia. The Nikkei was up 0.9%, rebounding after touching a new 16-month low earlier. (more...)
9.1.2010		Board Members Differ on Genzyme Bid - Wall Street Journal Some Sanofi board members are differing on the merits and potential cost of a bid for Genzyme. (more...)
9.1.2010		Whirlpool to Invest in U.S. Plants - Wall Street Journal Whirlpool's plans for a new Tennessee plant highlight a shift by export-driven U.S. manufacturers away from low-cost locales overseas to highly automated and consolidated U.S. operations. (more...)
9.1.2010		In H-P Dell War, It's Dave vs. Dave - Wall Street Journal In H-P's and Dell's bidding war for storage maker 3PAR, some of the key decisions are being made by two executives named Dave seeking to make their marks at the companies. (more...)
9.1.2010		Ex-Fund Manager Faces Insider Charges - Wall Street Journal The SEC accused a former hedge-fund manager of trading on inside information allegedly passed to him by a pharmaceutical executive before the 2007 merger of MedImmune and AstraZeneca. (more...)
9.1.2010		Snap news - Financial Times Breaking pre-market news on Wednesday,- China may probe BHP’s bid for Potash, China Business News reports – Via Reuters.- Vivendi H1 sales up 6 per cent , adjusted... (more...)
9.1.2010		Back-to-School Shopping a Bust - Wall Street Journal Shoppers spent slightly more last month than they had the year before, but sales were far short of 2008 levels, heralding what could be a disappointing holiday shopping season. (more...)
9.1.2010		McDonald's Growth Accelerates in India - Wall Street Journal McDonald's plans to step up its rollout in India this year and next as it has discovered that the country's new middle class will line up for its fast food even in the smaller cities of the subcontinent. (more...)
9.1.2010		Further reading - Financial Times Elsewhere on Wednesday,- What is wrong with JPMorgan?- Why are women leaving Wall Street?- Equities: the shift from active to passive.- Roubini sentiment indicator (yes,... (more...)
9.1.2010		Not another freaking economic indicator - Financial Times Inbox jammed with the latest barrage of daily economic data points and previews?Feeling overwhelmed at the prospect of wading through the reports and trying to figure out what... (more...)
9.1.2010		CVC Cordatus - Choosing wisely - Creditflux It’s portfolios are lumpy and packed with mezzanine and second lien. So why is European loan manager CVC Cordatus doing so well? (more...)
9.1.2010		Pink picks - Financial Times Comment, analysis and other offerings from Wednesday’s FT,Martin Wolf: Obama was too cautious in fearful timesSuppose that the US presidential election of 1932 had, in fact,... (more...)
9.1.2010		Obama Marks New Focus in Iraq, at Home - Wall Street Journal Obama formally declared an end to combat operations in Iraq and, during an Oval Office address, planned to vow to refocus the government from prosecuting wars to rebuilding the economy. (more...)
9.1.2010		Senator Concedes in Alaska's GOP Race - Wall Street Journal Sen. Murkowski conceded her Alaska primary race to former magistrate Joe Miller, after a partial count of absentee ballots showed her gaining little ground in their tight race. (more...)
9.1.2010		New Patent Claims Dog Product Makers - Wall Street Journal Recent court rulings could pave the way for hundreds of lawsuits—and potentially massive awards—against major companies over expired patents. (more...)
9.1.2010		Amazon Grabs the TV Remote - Wall Street Journal Amazon.com is working on a new subscription service that would deliver TV shows and movies over the Internet. Meanwhile, Apple plans to announce 99-cent rentals of TV shows from Fox and ABC. (more...)
9.1.2010		Fishknife - Making rules for an imaginary world - Creditflux It is a cliché that regulators respond to the crisis that has just happened rather than the one that is likely to happen next. But this isn’t quite true. If you look at the rules that are being put in place around the world right now, it is clear that… (more...)
9.1.2010		First Data loan change rings alarm bells for bond holders - Creditflux First Data’s recent loan maturity extension comes as a warning to bondholders, say analysts (more...)
9.1.2010		FCC Not Abandoning Broadband Plan - Wall Street Journal The FCC said it is still considering a proposal to re-regulate broadband access under more stringent Title 2 laws designed for telephone services, in response to speculation that the agency has abandoned the effort in the face of industry opposition. (more...)
9.1.2010		Vale Offer Fails For Metals Firm - Wall Street Journal Brazilian mining giant Vale SA said it failed to acquire base metals and fertilizers holding company Paranapanema SA in an auction at the Sao Paulo stock exchange Wednesday. (more...)
9.1.2010		Outlook Dimming for Democrats - Wall Street Journal Eroding support for Democrats is roiling dozens of House races and boosting Republican confidence that the GOP will retake the House in November. (more...)
9.1.2010		Apple Tries Again at TV - Wall Street Journal Apple is making another push to bring Internet-delivered television to the living room, but CEO Steve Jobs's plan to offer 99-cent TV-show rentals is getting limited support from media companies. (more...)
9.1.2010		Xerox Touts Business Side - Wall Street Journal Xerox is launching its most expensive advertising campaign in two decades, as Chief Executive Ursula Burns looks to reposition the company as more than just a copier maker. (more...)
9.1.2010		Morgan Stanley’s Chinese irony - Financial Times Morgan Stanley’s word of the week in China has to be “irony”, as news emerged late on Tuesday that the US Federal Reserve has given the go-ahead for China Investment Corp,... (more...)
9.1.2010		China's Rebound Eases Slump Fears - Wall Street Journal China's manufacturing rebounded in August, countering weakness in some other Asian economies and suggesting the region's growth won't slow down. (more...)
9.1.2010		Currency Trading Soars - Wall Street Journal Currency trading volume around the world has hit $4 trillion a day, fueled by investors in the wealthiest nations looking to diversify beyond their home markets in a time of economic turmoil. (more...)
9.1.2010		Sanofi Board Differs on Bid - Wall Street Journal Some Sanofi board members are differing on the merits and potential cost of a bid for Genzyme. While some are enthusiastic about Genzyme's scientific prowess, others are concerned about the price. (more...)
9.1.2010		Paper maker's bonds surge higher on surprise profits forecast - Creditflux Bonds of troubled coated-paper maker NewPage Corp are among the most actively traded in the market today (more...)
9.1.2010		Breaking down the ISM numbers - Financial Times Having explained the limits of economic indicators, perhaps it’s unfair to hit you with a discussion of another one.But given the overwhelmingly bearish nature of this... (more...)
9.1.2010		GM U.S. Sales Fell 25%; Ford's Down 11% - Wall Street Journal General Motors and Ford both reported their new-vehicle sales in August declined significantly from a year earlier when auto makers saw a spike in sales from "cash for clunkers." (more...)
9.1.2010		Police End Standoff at Discovery Building - Wall Street Journal Police shot and apprehended a man strapped with explosives inside the Discovery Communications building, and three people who had been held hostage are safe, authorities said. (more...)
9.1.2010		Stocks Gain as Economic Fears Ease - Wall Street Journal The Dow jumped 254.75 points, or 2.54%, to 10269.47, cutting into some of August's 4.3% loss after investors were cheered by factory data from the U.S. and China. (more...)
9.1.2010		Clashing Testimony on Lehman - Wall Street Journal The Democratic chairman of a blue-ribbon panel examining the U.S. financial crisis said that government officials made a "conscious policy decision" not to prevent Lehman Brothers' 2008 collapse, potentially accelerating the financial crisis. (more...)
9.1.2010		Pair Settle Insider-Trading Case in '07 Drug Merger - Wall Street Journal The Securities and Exchange Commission settled insider trading allegations against a former hedge-fund manager and an executive at Merck & Co., involving a big drug-company deal in 2007. (more...)
9.1.2010		Delta to Shrink Comair Unit - Wall Street Journal Comair, a regional airline owned by Delta, said it will cut its fleet by more than half and reduce staffing over the next two years. (more...)
9.1.2010		Suspect Dead After Standoff at Discovery Building - Wall Street Journal Police shot and killed a man strapped with explosives inside the Discovery Communications building, and three people who had been held hostage are safe, authorities said. (more...)
9.1.2010		U.S. Benefits as Wheat Prices Soar - Wall Street Journal Wheat prices are heating up again as the U.S. gains favor among the world's biggest consumers of the grain, winning key contracts with Egypt and Germany. (more...)
9.1.2010		A&P Mulls Selling Food Emporium Chain - Wall Street Journal Great Atlantic & Pacific Tea, operator of the struggling A&P supermarket chain, is considering selling its Food Emporium stores. (more...)
9.1.2010		Manufacturing Growth Speeds Up - Wall Street Journal Growth in manufacturing activity accelerated last month in both the U.S. and China, defying mounting signs of a global slowdown and cheering investors. (more...)
9.1.2010		IMF Warns on Rising Debt - Wall Street Journal The International Monetary Fund, which has been warning that U.S. and European debt levels are rising dangerously, downplayed the likelihood that Greece would default. (more...)
9.1.2010		SEC Charges Wharton Buddies - Wall Street Journal The Securities and Exchange Commission settled insider trading allegations against a former hedge-fund manager and an executive at Merck & Co., involving a big drug-company deal in 2007. (more...)
9.1.2010		Fuld says gov't denied Lehman while helping Wall St - Wall Street & Technology U.S. regulators did not grant Lehman Brothers the same assistance as its competitors, knocking out the possibility of an orderly unwind of the firm and aggravating the global crisis, former Lehman Chief Executive Dick Fuld said Wednesday. (more...)
9.1.2010		worldflow Launches New Research App for iPad - Wall Street & Technology Users of worldflow's Research Distribution Service can now distribute research directly to their customer base through their own branded iPad App. (more...)
9.1.2010		Guidance Software Launches Unified E-Discovery Platform - Wall Street & Technology Users can quickly identify relevant data sources, get metrics on total data versus potentially relevant data, and understand how much data could be eliminated, according to Guidance. (more...)
9.1.2010		JPMorgan Appoints New Head of Asia Commods Business - Advanced Trading JPMorgan Chase & Co has appointed a new head of its commodities business in Asia to drive growth in the region, even as it closes its U.S. and UK proprietary trading desk. (more...)
9.1.2010		GFI Group Launches Platform to Price Exotic FX Instruments - Advanced Trading GFI Group has launched FENICS Exotics, a suite of pricing models it said can be used to price any type of exotic FX instrument. (more...)
9.1.2010		worldflow Launches iPad Research Application - Advanced Trading Finance software provider worldflow announced that users of its Research Distribution Service can now route their research directly to clients by using its iPad application. (more...)
9.1.2010		C2 Options Exchange to Launch in Late October - Advanced Trading C2 Options Exchange to Launch in Late October (more...)
9.1.2010		Disembark the QE2 - Financial Times Perhaps the good ship won’t be sailing after all.The market reaction to Wednesday’s better than expected US ISM report: RTRS-US TREASURIES EXTEND LOSSES AFTER... (more...)
9.1.2010		Live from the FCIC – it’s Dick Fuld! - Financial Times A Too Big To Not Follow diversion for an otherwise quiet Wednesday. The former Lehman Brothers CEO will be appearing in front of the US Financial Crisis Inquiry Commission at 9a.m.... (more...)
9.1.2010		The Tui deal less travelled - Financial Times Tui Travel is one the biggest risers in the FTSE 100 on Wednesday morning.The reason is reheated rumourtrage that parent company Tui is considering bidding for the 45 per cent... (more...)
9.1.2010		A scary September… - Financial Times Pinch, punch, first of the month, Rabbit, Rabbit, Rabbit, and all that.Today is September 1 — and September is the cruelest month — for stocks anyway.The below from Barclays Capital:... (more...)
9.1.2010		Markets Live transcript 1 Sep 2010 - Financial Times Markets Live chat transcript for the chat ending at 11:15 on 1 Sep 2010. Participants in this chat were: Neil Hume, FT Bryce Elder NH HolaNH good morningNH bonjourNH... (more...)
9.1.2010		Stocks Start Month on Strong Note - Wall Street Journal U.S. stock indexes rose 2.5% following the release of data showing that U.S. manufacturing activity expanded in August for the 13th straight month. (more...)
9.1.2010		GM's U.S. Sales Fell 25% in August - Wall Street Journal General Motors said its U.S. light-vehicle sales fell 25% from a year earlier, when the government's "cash for clunkers" rebate program had boosted results. (more...)
9.1.2010		Amid Job Cuts, U.S. Factories Expand - Wall Street Journal Private businesses laid off workers in August with the sector shedding 10,000 jobs, according to payroll giant ADP. Separately, the U.S. factory sector expanded at a faster pace last month. (more...)
9.1.2010		Burger King in Talks Over Sale - Wall Street Journal Burger King has been in talks with potential buyers about a possible sale. (more...)
9.1.2010		Patent Claims Dog Product Makers - Wall Street Journal Recent court rulings could pave the way for hundreds of lawsuits -- and potentially massive awards -- against major companies over expired patents. (more...)
9.1.2010		Borders Posts Wider Loss - Wall Street Journal Borders reported a wider quarterly loss as the retailer's sales remained under pressure and margins dropped. (more...)
9.1.2010		Heinz Profit Rises 13% - Wall Street Journal H.J. Heinz's fiscal first-quarter earnings rose 13% as the food maker benefited from growth in emerging markets. (more...)
9.1.2010		Pfizer Agrees to Acquire FoldRx - Wall Street Journal Pfizer agreed to buy privately held FoldRx Pharmaceuticals, whose leading drug candidate is a therapy for a genetic neurodegenerative disease for which the only current therapy is a liver transplant. (more...)
9.1.2010		Euro-Zone Manufacturing Slows - Wall Street Journal Manufacturing-sector growth in the euro zone slowed to its weakest pace in six months in August, signalling that the economic recovery may be losing some steam. The U.K.'s PMI fell to its lowest level for nine months. (more...)
9.1.2010		Couche-Tard Boosts Casey's Offer - Wall Street Journal Couche-Tard increased the per-share price of its now $1.45 billion hostile-takeover effort for Casey's General Stores as support for its prior bid fell. (more...)
9.1.2010		India Plans to Monitor Google and Skype - Wall Street Journal India said all communications companies in the country, including Google and Skype, will need to let security agencies monitor their data. (more...)
9.1.2010		Harrisburg Default Hits Muni Market - Wall Street Journal Pennsylvania's capital of Harrisburg will skip a $3.29 million payment on its general-obligation debt, raising concerns it could be the first of a wave of municipal defaults. (more...)
9.1.2010		Home Prices Rise; Outlook Dims - Wall Street Journal U.S. home prices rose 3.6% in the second quarter, according to S&P Case-Shiller, but gains decelerated. Separately, consumer confidence moved higher in August. (more...)
9.1.2010		J.P. Morgan to Close Proprietary Trading - Wall Street Journal J.P. Morgan Chase is winding down its proprietary-trading operations and has given notice to its roughly 20 proprietary-commodities traders about the elimination of their jobs. (more...)
9.1.2010		Emerging market dollar-issues soar - Financial Times Companies and governments in emerging markets borrow more cheaply in the dollar than in their currencies for the first time in two years (more...)
9.1.2010		Saudi Tadawul poised to exercise more global appeal - Financial Times Hedge funds and asset managers have in the past year begun to place small bets on the Tadawul (more...)
9.1.2010		CMBS delinquencies climb again, but not by much - Financial Times It seems the news continues to be better for CMBS than for commercial real estate as a whole.Standard & Poor’s has released its monthly CMBS snapshot for July, and... (more...)
9.1.2010		Apple Pushes Web TV - Wall Street Journal Apple CEO Steve Jobs unveiled a new Apple TV device that can deliver 99-cent rentals of TV shows over the Internet. He also updated the line of iPod media players. (more...)
9.1.2010		Illegal Immigration to U.S. Slows - Wall Street Journal IIllegal immigration to the U.S. has slowed sharply since 2007, as the bleak U.S. job market has discouraged potential migrants from heading north. (more...)
9.1.2010		August U.S. Car Sales Plummet - Wall Street Journal Most car makers reported their U.S. new-vehicle sales in August declined significantly from a year earlier, when auto makers saw a spike in sales from "cash for clunkers." (more...)
9.1.2010		Romer Calls for More Stimulus - Wall Street Journal Obama adviser Christina Romer called on the country to stomach new stimulus measures to lift the lackluster economy, even in the face of growing fears about the nation's deficit. (more...)
9.1.2010		Couche-Tard Boosts Offer - Wall Street Journal Couche-Tard raised its takeover bid for Casey's General Stores, increasing the per-share price of the now $1.45 billion hostile offer by 4.8%. (more...)
9.1.2010		Harrisburg Defaults as Localities Struggle - Wall Street Journal Pennsylvania's capital of Harrisburg will skip a $3.29 million payment on its general-obligation debt, raising concerns it could be the first of a wave of municipal defaults. (more...)
9.1.2010		Tensions Rise as Mideast Talks Begin - Wall Street Journal Rising tensions in the Mideast cast a shadow over the start of the first direct Israeli-Palestinian peace talks in nearly two years, and leaders at the Washington summit vowed to press on with negotiations. (more...)
9.1.2010		SEC Probes Canceled Trades - Wall Street Journal Regulators are scrutinizing the practice of "quote stuffing," in which investors place large numbers of trades in a fraction of a second, then cancel them almost immediately. (more...)
9.1.2010		Burger King's Latest Pickle - Wall Street Journal As Burger King considers going private again, frustrated franchisees and investors are wondering whether the burger chain needs a new strategy rather than yet another new owner. (more...)
9.1.2010		Asian Shares Higher But Caution Prevails - Wall Street Journal Asian stock markets were higher Thursday morning. In Tokyo, tech plays and automakers were driving the market higher, pushing the Nikkei up 1.2% (more...)
9.1.2010		Brazil, Petrobras Reach Oil Deal - Wall Street Journal Oil giant Petroleo Brasileiro has agreed to pay Brazil $42.5 billion in stock to acquire five billion barrels of deepwater reserves, a controversial price because investors say it is more than the oil is actually worth. (more...)
9.1.2010		Boeing 787 Training Takes Virtual Path - Wall Street Journal Boeing is using computer simulations and replicas to train airline crews and mechanics for work on its much-delayed 787 Dreamliner. (more...)
9.1.2010		Value Line Struggles as Ex-CEO Hovers - Wall Street Journal Venerable financial-publishing and money-management company Value Line is trying to recover from a scandal that led to the resignation of its CEO, yet the ex-CEO, Jean Buttner, still wields considerable influence. (more...)
9.1.2010		Netflix Adds Polish With Apple - Wall Street Journal Apple's decision to include a streaming video service from Netflix is another sign the DVD rental company may be able to weather a shift to Internet video that is challenging others. (more...)
9.1.2010		SEC Ends KB Home Probe - Wall Street Journal Home builder KB Home said a Securities and Exchange Commission probe into its accounting and financial disclosures concluded with a recommendation that no enforcement action be taken. (more...)
9.1.2010		Factory Growth Buoys Markets - Wall Street Journal Growth in manufacturing activity accelerated last month in both the U.S. and China, defying mounting signs of a global slowdown and cheering investors. (more...)
9.1.2010		Borders Loss Widens as Sales Fall - Wall Street Journal Borders reported a wider quarterly loss as the retailer's sales remained under pressure and margins dropped. (more...)
9.1.2010		Sony Set to Compete with iTunes - Wall Street Journal Sony Corp. announced on Wednesday a new digital-music service that would work on Internet-connected Sony TVs, Blu-ray disc players, PlayStation 3's and other devices, entering a competitive space currently dominated by Apple Inc. (more...)
9.1.2010		IBM Unveils Microprocessor - Wall Street Journal IBM unveiled details of its new advanced mainframe chips that it said can process information at record-breaking speeds. (more...)
9.1.2010		India Wants to See Google, Skype Data - Wall Street Journal India is expanding its effort to monitor Internet and telecommunications networks by requiring all communications companies, including Google and Skype, to open their data within two months. (more...)
9.1.2010		U.S. Funds Boost Eyed For Yemen Forces - Wall Street Journal The U.S. military's Central Command has proposed pumping as much as $1.2 billion over five years into building up Yemen's security forces in a sign of Washington's fears of al Qaeda's growing foothold on the Arabian Peninsula. (more...)
9.1.2010		SEC Investigates Canceled Trades - Wall Street Journal Regulators are scrutinizing the practice of "quote stuffing," in which investors place large numbers of trades in a fraction of a second, then cancel them almost immediately. (more...)
9.1.2010		Asia Higher, But Caution Prevails - Wall Street Journal Asian stock markets were higher Thursday morning. In Tokyo, tech plays and automakers were driving the market higher, pushing the Nikkei up 1.2% (more...)
9.1.2010		Boeing 787 Training Is Virtual - Wall Street Journal Mechanics going through Boeing's 25-day training class for the company's long-delayed 787 Dreamliner use a system that displays an interactive cockpit and 3-D exterior, but they don't get to touch the plane. (more...)
9.1.2010		Value Line Struggles as Ex-CEO Continues to Wield Influence - Wall Street Journal Venerable financial-publishing and money-management company Value Line is trying to recover from a scandal that led to the resignation of its CEO, yet the ex-CEO, Jean Buttner, still wields considerable influence. (more...)
9.1.2010		IBM Claims Fastest Mainframe - Wall Street Journal IBM unveiled details of its new advanced mainframe chips that it said can process information at record-breaking speeds, more than 17,000 times the rate of the company's high-end system in 1970. (more...)
8.31.2010		Knight Direct Joins the Orc ExNet Broker Connectivity Network - Advanced Trading Knight Direct will offer its suite of execution algorithms to Orc's trading customers. (more...)
8.31.2010		Thomson Reuters Launches Elektron In India - Wall Street & Technology Working in collaboration with Netmagic Solutions Pvt., the new facility at the Bombay Stock Exchange will provide co-location hosting with a managed application environment, low latency connectivity to local market data and access to the Elektron global real-time network. (more...)
8.31.2010		Further reading - Financial Times Elsewhere on Tuesday,- Pop quiz: terms of trade.- September, a merciless month for Mr Market.- China’s rare earth element big squeeze.- The Barro controversy.-... (more...)
8.31.2010		Snap news - Financial Times Breaking pre-market news on Tuesday,- Santander agrees to buy $4.3bn auto loan portfolio from HSBC – statement.- FSU offer for SDI extended to September 10 – statement.... (more...)
8.31.2010		White House Juggles Mideast, Economy - Wall Street Journal Obama is walking a tightrope between pressing his Mideast foreign-policy priorities and keeping an eye on the economy. (more...)
8.31.2010		House Travel Stipends Probed - Wall Street Journal Congressional investigators are questioning a half-dozen lawmakers for possibly misspending government funds meant to pay for overseas travel. (more...)
8.31.2010		U.S. Wants Report Card for Cars - Wall Street Journal The Obama administration proposed dramatic new rules for how auto makers advertise the fuel economy of a vehicle, assigning them letter grades from A to D. (more...)
8.31.2010		India Economy Expands 8.8% - Wall Street Journal Expansion in manufacturing and services drove India's economy to its fastest growth in more than two years in the April-June quarter. (more...)
8.31.2010		Paul Allen's Lawsuit Renews Patent Debate - Wall Street Journal The Internet companies sued by Microsoft co-founder Paul Allen for patent infringement will be able to mount aggressive defenses, including that the billionaire sued too late. (more...)
8.31.2010		Ex-CEO Sues Abu Dhabi's Taqa - Wall Street Journal Taqa faces a legal battle in the U.S. against its former CEO, who accuses the company, which has almost $25 billion in assets, of breach of contract among other allegations. (more...)
8.31.2010		BA Suspends More Staff - Wall Street Journal Tensions between British Airways and cabin crew could escalate after trade union Unite on Tuesday disclosed that up to 80 staff have been suspended or sacked as a result of the dispute over working practices. (more...)
8.31.2010		Taiwan PC Makers Post Profit Rises - Wall Street Journal Taiwan's major personal-computer makers, Acer, Compal and Quanta, reported rises in second-quarter net profit, helped by a recovery in demand for electronic products. (more...)
8.31.2010		IMF Expands Loan Options - Wall Street Journal The International Monetary Fund said it would broaden the kinds of loans it offers to encourage a large swath of developing countries to get financial help before they are engulfed in crisis. (more...)
8.31.2010		Sprint Faces 4G Dilemma - Wall Street Journal Sprint's board is debating whether to let rival cellphone operator T-Mobile USA invest in Clearwire, as the carrier decides how to fund its 4G network expansion. (more...)
8.31.2010		Harrisburg Default Hits Muni Market - Wall Street Journal Pennsylvania's capital of Harrisburg will skip a $3.29 million payment on its general-obligation debt, raising concerns it could be the first of a wave of municipal defaults. (more...)
8.31.2010		Most Asian Shares Up Slightly - Wall Street Journal Most Asian stock markets were slightly higher Wednesday. The Nikkei was down 0.1% as investors looked to policy makers to stem the yen's strength. (more...)
8.31.2010		LSTA raises objections to WSJ article on floating rate funds - Creditflux The Loan Syndications and Trading Association has today responded by letter to an article in the Wall Street Journal article on Friday which extols the virtues of floating rate bond funds over loan counterparts in an environment of likely rising interest rates. In the letter, the LSTA dismisses the article’s… (more...)
8.31.2010		Proof of cashflow, please - Financial Times Jules Kroll — the man behind one of the best-known security and industrial espionage investigation firms Kroll — is taking to the ratings business, reports the WSJ.... (more...)
8.31.2010		Pink picks - Financial Times Comment, analysis and other offerings from Tuesday’s FT,Reinhart & Reinhart: Beware those who think the worst is pastThe landscape of Jackson Hole, Wyoming, where... (more...)
8.31.2010		Stocks Start Weak - Wall Street Journal U.S. stocks opened lower as blue-chip stocks prepared to sign off on their worst August since 2001. (more...)
8.31.2010		Home-Price Gains Decelerate - Wall Street Journal U.S. home prices rose 3.6% in the second quarter, according to S&P Case-Shiller, but gains decelerated. Separately, consumer confidence moved higher in August. (more...)
8.31.2010		Euro-Zone Unemployment Holds - Wall Street Journal The euro-zone unemployment rate remained at 10% for a fifth straight month in July, indicating that despite strong growth in the second quarter, the recovery has yet to result in the creation of many new jobs. (more...)
8.31.2010		Hurd to Depart News Corp. Board - Wall Street Journal Former H-P Chief Executive Mark Hurd wasn't nominated for election to another term as a member of News Corp.'s board. (more...)
8.31.2010		Exelon to Acquire Deere Unit - Wall Street Journal Exelon agreed to acquire Deere's renewable-energy unit for about $900 million as the electric-power company enters the wind-power segment and the equipment manufacturer focuses on its core business. (more...)
8.31.2010		Jetliner Brake Systems Probed - Wall Street Journal An American Airlines plane that careened off a Jamaican runway last year has prompted transportation-safety authorities to reassess how well some jetliner brakes perform in rainy conditions. (more...)
8.31.2010		Emerging Markets Lift Carrefour - Wall Street Journal Retail giant Carrefour swung to a first-half net profit and expressed confidence that it can turn around business in France. (more...)
8.31.2010		Genzyme Rejects Sanofi Offer - Wall Street Journal Genzyme's board again rejected an $18.5 billion takeover proposal from Sanofi-Aventis, although Genzyme suggested it would be open to future talks if there were a higher starting price. (more...)
8.31.2010		Goldman Swims Downstream for PetroAlgae IPO - Advanced Trading No client is too small for Goldman Sachs Group Inc these days, even a company with no revenue that's owned by a hedge fund specializing in penny stocks. (more...)
8.31.2010		Thomson Reuters Brings Elektron Hosting Platform to India - Advanced Trading Thomson Reuters announced the launch in India of Elektron, its real-time network and hosting platform, as part of a bid to meet soaring demand for fast and cost-effective access to one of the world’s fastest growing markets. (more...)
8.31.2010		James Montier on the bond bubble - Financial Times GMO’s James Montier has added his two-penneth to the bond bubble debate.He reckons it is a largely sterile debate because what investors should be asking themselves is... (more...)
8.31.2010		U.S. Home-Price Gains Decelerate - Wall Street Journal U.S. home prices rose 3.6% in the second quarter, according to S&P Case-Shiller, but gains decelerated. Separately, consumer confidence moved higher in August. (more...)
8.31.2010		Icahn Raises Lions Gate Bid - Wall Street Journal Carl Icahn raised the price of his hostile tender bid for Lions Gate by 15% as he continued to seek majority control of the film-and-television producer. (more...)
8.31.2010		Not All Are True to Schools - Wall Street Journal Investors differ over the prospects of for-profit education. It's a schoolyard brawl that's leaving some of Wall Street's titans bruised and others thumping their chests. (more...)
8.31.2010		The Jackson Hole papers (finally) - Financial Times As Mark Thoma notes, the Kansas City Fed has an inexplicable (and seemingly indefensible) policy of withholding from the public the research papers that are presented at Jackson... (more...)
8.31.2010		The Comex gold inventory jigsaw - Financial Times Here’s a fun game for a (relatively quiet) Tuesday.Take the latest general gold inventory figures from the Comex exchange — these have been falling since around the beginning of August:... (more...)
8.31.2010		Gates Speaks Cautiously on Iraq - Wall Street Journal Defense Secretary Robert Gates, speaking somberly about the end of combat operations in Iraq, warned that now is not the time for "pre-mature victory parades." (more...)
8.31.2010		Saks Soars; Tech, Monsanto Fall - Wall Street Journal U.S. stocks climbed cautiously as traders and investors seized on an improving consumer-confidence index as a glimmer of hope for the slowing economic recovery.Saks surged on bid talk, while Monsanto dropped on a lowered outlook. (more...)
8.31.2010		Smartphones Take Hold in China - Wall Street Journal Sony Ericsson CEO Nordberg expects smartphone use in China to expand to half of all mobile-phone users in the country within five years. (more...)
8.31.2010		Paul Allen's Suit Renews Patent Debate - Wall Street Journal The Internet companies sued by Microsoft co-founder Paul Allen for patent infringement will be able to mount aggressive defenses, including that the billionaire sued too late. (more...)
8.31.2010		Proposed SEC Rules Could Cost Fund Firms Millions - Advanced Trading Proposed new U.S. regulations could cost mutual fund companies hundreds of millions of dollars in distribution fees they split with partners. (more...)
8.31.2010		Dow Faces Worst August in Years - Wall Street Journal U.S. stocks were higher midway through the final trading day of the month but still could end with the worst August performance since 2001. Saks surged on bid talk, while Monsanto dropped on a lowered outlook. (more...)
8.31.2010		U.S. Mission Leaves Imprint on Families - Wall Street Journal As the U.S. marked the official last day of its combat operations here Tuesday, Iraqis look back on the dramatic impact of the American intervention with mixed feelings. (more...)
8.31.2010		Currency Trading Soars - Wall Street Journal Currency trading volume around the world has hit $4 trillion a day, fueled by investors in the wealthiest nations looking to diversify beyond their home markets in a time of economic turmoil. (more...)
8.31.2010		Race On to Prevent Clots - Wall Street Journal Studies of two experimental drugs provided fuel for a race to develop medicines to replace blood thinner warfarin, a global market that could eventually exceed $20 billion a year in revenue. (more...)
8.31.2010		SEC Won't Sue Moody's - Wall Street Journal The SEC said it wouldn't sue Moody's Investors Service despite allegations that it had broken securities laws. (more...)
8.31.2010		Murkowski Concedes Alaska Primary - Wall Street Journal Sen. Lisa Murkowski has conceded her Alaska Senate primary race to Joe Miller. (more...)
8.31.2010		New Patent Claims Bedevil Product Makers - Wall Street Journal Recent court rulings could pave the way for hundreds of lawsuits—and potentially massive awards—against major companies over expired patents. (more...)
8.31.2010		Cross Research Group Joins Pulse Trading's Independent Research Platform - Advanced Trading Cross Research's analysts provides focuses on the global tech sector. (more...)
8.31.2010		US Q2 house warming (or should that be warning) - Financial Times Yes, house prices in the US climbed in the second quarter of the year. No, that’s not cause for optimism or even relief.First the announcement from S&P (emphasis ours):... (more...)
8.31.2010		Consumer Confidence Helps Dow - Wall Street Journal U.S. stocks erased early losses as a better-than-expected reading of consumer confidence provided some encouragement to investors. Saks surged on bid talk, while Monsanto dropped on a lowered outlook. (more...)
8.31.2010		McDonald's Growth Accelerates in India - Wall Street Journal McDonald's plans to step up its rollout in India this year and next as it has discovered that the country's new middle class will line up for its fast food even in the smaller cities of the subcontinent. (more...)
8.31.2010		3M to Buy Tracking Firm - Wall Street Journal Conglomerate 3M plans to buy Attenti Holdings, an Israeli maker of remote monitoring technology used to track people. (more...)
8.31.2010		Carrefour Eyes French Rebound - Wall Street Journal Retail giant Carrefour swung to a first-half net profit and expressed confidence that it can turn around business in France. (more...)
8.31.2010		Intel Looks Beyond PCs - Wall Street Journal Intel's $1.4 billion deal to buy the wireless unit of Infineon demonstrates the chip giant's willingness to adjust its strategies to expand beyond the computer industry. (more...)
8.31.2010		Hurricane Earl Barrels Toward U.S. - Wall Street Journal Hurricane Earl, now a powerful Category 4 storm, barreled toward the U.S. coast early Tuesday after battering tiny islands across the northeastern Caribbean with heavy rain and winds. (more...)
8.31.2010		Obama Marks New Focus in Iraq, at Home - Wall Street Journal Obama formally declared an end to combat operations in Iraq and, during an Oval Office address, planned to vow to refocus the government from prosecuting wars to rebuilding the economy. (more...)
8.31.2010		Mixed Ruling on Chinese Aluminum - Wall Street Journal The Commerce Department found that the Chinese government unfairly subsidized $514 million of aluminum exports to the U.S. last year. But the U.S. said it wouldn't investigate allegations that China's currency policies function as export subsidies for Chinese manufacturers of aluminum and coated paper. (more...)
8.31.2010		Board Members Differ on Genzyme Bid - Wall Street Journal Some Sanofi board members are differing on the merits and potential cost of a bid for Genzyme. (more...)
8.31.2010		Occidental CEO Irani to Retire - Wall Street Journal Ray Irani, the long-serving and highly compensated chief executive of Occidental Petroleum, is expected to set a date to step down from the company's top job amid an investor backlash over his pay. (more...)
8.31.2010		Genzyme CEO Seeks Higher Offer - Wall Street Journal Genzyme CEO Henri Termeer said the French pharmaceutical company Sanofi-Aventis would have to raise its $69-a-share offer if it wants to discuss the sale of the biotechnology company. (more...)
8.31.2010		In H-P Dell War, It's Dave vs. Dave - Wall Street Journal In H-P's and Dell's bidding war for storage maker 3PAR, some of the key decisions are being made by two executives named Dave seeking to make their marks at the companies. (more...)
8.31.2010		Gains in Home Prices Weaken - Wall Street Journal U.S. home prices rose 3.6% in the second quarter, according to S&P Case-Shiller, but gains decelerated. Separately, consumer confidence moved higher in August. (more...)
8.31.2010		Lawmaker Steered Money to Relatives - Wall Street Journal A longtime Texas congresswoman pledged to return more than $20,000 in donated funds meant for needy students after it turned out that she gave the scholarships to her relatives and those of her staff. (more...)
8.31.2010		Nuclear Plant's Tear-Down Is Template - Wall Street Journal Exelon is expected to hire waste-disposal contractor EnergySolutions to demolish an Illinois nuclear-power plant under a contract expected to provide a template for dismantling aging plants. (more...)
8.31.2010		H-P, Hynix Assist on Chips - Wall Street Journal H-P and Hynix Semiconductor agreed to commercialize a novel building block for computer memory chips and the products that use them. (more...)
8.31.2010		Bloomberg Tradebook Sheds Light On Dark Pools With B-Dark Algorithm - Advanced Trading Agency broker Bloomberg Tradebook is shedding new light on dark pools with the launch of the B-Dark algorithm, a platform the firm says allows traders to execute dark liquidity orders with more control and visibility. (more...)
8.31.2010		Germany's strength weakens others - Financial Times A growing divergence in borrowing costs is prompting worries for many peripheral European economies (more...)
8.31.2010		Moody’s avoids prosecution, on a technicality… - Financial Times A feather (of sorts) in the cap of one Sam Jones.The young, former Alphavillain wrote this for us two years ago:FT Alphaville exclusive: Moody’s error gave?top?ratings... (more...)
8.31.2010		Bickering at the FOMC? - Financial Times You already knew this if you read the Wall Street Journal’s impressively detailed article last week, but the just-released minutes of the FOMC’s meeting on August 10... (more...)
8.31.2010		Amazon Working on TV, Movie Service - Wall Street Journal Amazon.com is trying to create a service that gives paying subscribers unlimited access over the Internet to some television shows and movies, as it tries to take on Netflix and Apple. (more...)
8.31.2010		Charge Unlikely Over 787 Delay - Wall Street Journal Boeing's finance chief said the company should be able to absorb the financial impact of its latest 787 Dreamliner delay within the troubled project's existing budget. (more...)
8.31.2010		USDA Sees Rise in Farm Exports - Wall Street Journal The USDA, with a nod toward the drought that has knocked Russian wheat farmers from the export market, said it expects U.S. agricultural exports to increase 5.1% to $113 billion in the fiscal year ending in September 2011. (more...)
8.31.2010		Samsung Sticks With Galaxy Lineup - Wall Street Journal Samsung has had some success with the global launch of its Android-powered Galaxy S smartphone, but the company doesn't have another flagship phone planned for the crucial holiday season. (more...)
8.31.2010		Advertising Rebound Boosts Havas - Wall Street Journal French advertising group Havas reported higher first-half revenue and earnings as advertising markets recovered quicker than expected, but the company's organic revenue growth underperformed its major European rivals. (more...)
8.31.2010		Amazon Grabs the TV Remote - Wall Street Journal Amazon.com is working on a new subscription service that would deliver TV shows and movies over the Internet. Meanwhile, Apple plans to announce 99-cent rentals of TV shows from Fox and ABC. (more...)
8.31.2010		Measures Weighed to Spur Economy - Wall Street Journal The Obama administration is considering a range of new measures to boost economic growth, including tax cuts and a new nationwide infrastructure program, according to people familiar with the discussions. (more...)
8.31.2010		J.P. Morgan to Close Proprietary-Trading Operations - Wall Street Journal J.P. Morgan Chase is winding down its proprietary-trading operations and has given notice to its roughly 20 proprietary-commodities traders about the elimination of their jobs. (more...)
8.31.2010		Rusal Swings to Profit - Wall Street Journal Rusal said it swung to a first-half net profit amid higher aluminum prices and said it plans to launch depositary receipts in Russia this year. (more...)
8.31.2010		Two years and a Volcker Rule later - Financial Times It seems JP Morgan is closing all proprietary trading desks, according to Bloomberg, starting with its commodities unit. Equities and fixed income desks will come later.From the report:... (more...)
8.31.2010		Rough August for Dow - Wall Street Journal The Dow Jones Industrial Average finished the day up 4.99 points, or 0.05%, at 10014.72. Blue chips fell 4.3% in August, the measure's worst performance for the month since 2001. (more...)
8.31.2010		Fed Faced Slew of Questions - Wall Street Journal Fed officials wrestled with a slew of unanswered questions before deciding at their Aug. 10 meeting to alter their portfolio strategy, minutes showed. (more...)
8.31.2010		Hurd to Leave News Corp. Board - Wall Street Journal Former H-P Chief Executive Mark Hurd will leave the board of News Corp. (more...)
8.31.2010		J.P. Morgan to Close Proprietary-Trading Desks - Wall Street Journal J.P. Morgan Chase is winding down its proprietary-trading operations and has given notice to its roughly 20 proprietary-commodities traders about the elimination of their jobs. (more...)
8.31.2010		Fund Drops Case Against Magazine - Wall Street Journal Hedge-fund manager Elliott Management dropped its court case against trade publication Absolute Return + Alpha, bringing to a close a battle over public disclosure of a hedge fund's investments. (more...)
8.31.2010		50:1 leverage lives! - Financial Times A big H/T to Alea for this story, plus the title.Late on Monday, the US Commodity Futures Trading Commission released its final foreign exchange market rule. The centrepiece... (more...)
8.31.2010		Too bullish, too bearish, whatever… - Financial Times We have previously written about the optimism bias of equities analysts, illustrated nicely by this chart:But the McKinsey study that provides the graph also notes two instances... (more...)
8.31.2010		Markets Live transcript 31 Aug 2010 - Financial Times Markets Live chat transcript for the chat ending at 11:26 on 31 Aug 2010. Participants in this chat were: Neil Hume, FT Tony Tassell NH Good morningNH and welcome to Markets... (more...)
8.31.2010		Exelon Deal Paves Way for Nuclear Plant Tear-Downs - Wall Street Journal Exelon is expected to hire waste-disposal contractor EnergySolutions to demolish an Illinois nuclear-power plant under a contract expected to provide a template for dismantling aging plants. (more...)
8.31.2010		H-P, Hynix to Cooperate on New Chips - Wall Street Journal Hewlett-Packard and Hynix Semiconductor agreed to commercialize a novel building block for computer memory chips and the products that use them. (more...)
8.31.2010		Hedge Fund Drops Case Against Magazine - Wall Street Journal Hedge-fund manager Elliott Management dropped its court case against trade publication Absolute Return + Alpha, bringing to a close a battle over public disclosure of a hedge fund's investments. (more...)
8.31.2010		Home Prices Rise; Outlook Dims - Wall Street Journal U.S. home prices rose 3.6% in the second quarter, according to S&P Case-Shiller, but gains decelerated. Separately, consumer confidence moved higher in August. (more...)
8.31.2010		Spot the difference – Ocado edition - Financial Times Compare and contrast.On Tuesday morning, Goldman Sachs initiated coverage of Ocado with a “buy” rating and a 200p target price:We initiate on Ocado with a Buy rating... (more...)
8.30.2010		BoJ, the yen, and much hype for little impact - Financial Times So much for all the grand expectations that this time – just maybe this time – the Japanese meant it when they talked of “appropriate action“.We’re... (more...)
8.30.2010		Weekend catch-up: Headlines - Financial Times Just to recap events from late last week, here are weekend headlines from the FT and other UK press:*From The FT,-    Shortage of first-time home-buyers threatens housebuilders... (more...)
8.30.2010		New Glass Label: Made in China - Wall Street Journal For years, the West focused on the threat from China's low-tech exporters. Glass represents how an even more potent challenge has arrived: sophisticated, capital-intensive businesses that boast high-tech expertise. (more...)
8.30.2010		First-Time Winners Make Splash at Emmys - Wall Street Journal ABC's first-season show "Modern Family" took home the Emmy Award for best comedy on Sunday night, as a crop of new television shows—and new winners—displaced some of the gala's mainstays. (more...)
8.30.2010		Spill Hearings Preview Legal Strategies - Wall Street Journal The hearings of a U.S. fact-finding panel into the Deepwater Horizon disaster previewed the legal battles to come as lawyers for companies involved sought to establish who was at fault. (more...)
8.30.2010		Intel Seals Infineon Deal - Wall Street Journal Infineon Technologies said it has agreed to sell its wireless unit to Intel in a cash deal valued at approximately $1.4 billion. (more...)
8.30.2010		Sanofi Unveils Genzyme 'Bear Hug' - Wall Street Journal French pharmaceutical company Sanofi-Aventis on Sunday went public with its $18.5 billion all cash bid for Genzyme, ratcheting up the pressure on the biotechnology firm. (more...)
8.30.2010		Comcast Gets Static on Net TV - Wall Street Journal The Justice Department is looking at how Comcast's bid for NBC Universal could affect the emerging Internet video market and potentially stunt its growth. (more...)
8.30.2010		Charges Bring SEC Hopes for New Weapon - Wall Street Journal A case that brought insider-trading charges against two Spanish men may bolster the SEC's case for a national system to bring faster and more uniform access to market information. (more...)
8.30.2010		Changes Weighed in Military Exports - Wall Street Journal Obama will announce a series of initiatives this week aimed at streamlining the system that governs the exports of weapons but also commercial products that have a potential for military use. (more...)
8.30.2010		Cigarette Machines Help Evade Tax - Wall Street Journal Scores of tobacco retailers are taking advantage of a federal tax loophole to offer deep discounts on roll-your-own cigarettes. But the practice is attracting scrutiny from regulators and cigarette manufacturers. (more...)
8.30.2010		VMware Expands 'Cloud' Strategy - Wall Street Journal VMware plans to unveil technology aimed at making it easier for businesses to move information into cloud computing and to run their own data centers more efficiently. (more...)
8.30.2010		In Asia, Investors Get Allies - Wall Street Journal Private-equity firms stung by soured deals in Asia are increasingly pushing for restructuring or legal action at troubled companies to which they are exposed, in the process championing investor rights in the region. (more...)
8.30.2010		EXQIM Chooses OneTick for Quantitative Strategy Development - Advanced Trading French investment manager selects unified CEP and Database system rather than multiple systems. (more...)
8.30.2010		The lessons to be learnt from Japanese bonds - Financial Times Japan, we were assured, would be the next Greece.?.?.?.?but it hasn't quite worked out like that, writes Jonathan Allum (more...)
8.30.2010		Google, AP Reach New Distribution Deal - Wall Street Journal The Associated Press and Google Inc. have reached a new distribution agreement, marking a breakthrough in what has become an increasingly contentious issue for news organizations: how Web portals and other sites distribute their material. (more...)
8.30.2010		Motorola Adds Smartphone for China - Wall Street Journal Motorola unveiled a smartphone version of its handsets featuring a Chinese handwriting technology. Motorola is seeking to make a comeback in China. (more...)
8.30.2010		Los Angeles Uses Light to Fight Crime - Wall Street Journal Los Angeles this year added eight parks to its Summer Night Lights program, which now keeps the lights on until midnight at 24 parks in neighborhoods with high levels of gang-related crime. (more...)
8.30.2010		Putin Shows He Is Still at the Wheel - Wall Street Journal Over a string of media appearances, Putin made clear he is still Russia's dominant politician and kept open the possibility he might return as president in 2012. (more...)
8.30.2010		Jetliner Brake Systems Probed - Wall Street Journal An American Airlines plane that careened off a Jamaican runway last year has prompted transportation-safety authorities to reassess how well some jetliner brakes perform in rainy conditions. (more...)
8.30.2010		IMF Expands Loan Options - Wall Street Journal The International Monetary Fund said it would broaden the kinds of loans it offers to encourage a large swath of developing countries to get financial help before they are engulfed in crisis. (more...)
8.30.2010		Viewership Remains Flat for Emmys - Wall Street Journal About 13.5 million people watched the Emmy Awards, relatively flat from a year earlier, in a much-watched indicator for the event's organizers as they begin to negotiate a new contract with the networks that air the show. (more...)
8.30.2010		FCC Adjusts Rules for TV Band - Wall Street Journal Tech companies could soon get access to unused TV airwaves, allowing them to introduce new wireless gadgets, under rules FCC officials are close to putting into final form. (more...)
8.30.2010		Genzyme Rejects Sanofi Offer - Wall Street Journal Genzyme's board again rejected an $18.5 billion takeover proposal from Sanofi-Aventis, although Genzyme suggested it would be open to future talks if there were a higher starting price. (more...)
8.30.2010		Governments Ditching Public Hospitals - Wall Street Journal Faced with debt and looming costs from the new federal health-care law, many local governments are leaving the hospital business, shedding public facilities that can be the caregiver of last resort. (more...)
8.30.2010		A Jump on Wall Street Bonuses - Wall Street Journal Some financial-services firms are considering paying year-end bonuses this year rather than in 2011, as the specter of higher taxes looms. (more...)
8.30.2010		China Warns Japan Firms on Wages - Wall Street Journal China's Wen bluntly warned Japan that its companies operating in China should raise pay for their workers. (more...)
8.30.2010		Consumer Spending Grows Modestly - Wall Street Journal U.S. consumer spending rose 0.4% last month but income growth remained sluggish, a sign the economic recovery remains fragile. (more...)
8.30.2010		Weak Data Hurt Stocks - Wall Street Journal U.S. stocks declined despite a continued stream of deals, as weak personal income and Dallas-area manufacturing activity added to investors' worries over the health of the economy. (more...)
8.30.2010		RIM Averts India BlackBerry Ban - Wall Street Journal India said it will put off blocking BlackBerry services in the country for two months after Research In Motion agreed to will allow more government access to its encrypted email and messaging services. (more...)
8.30.2010		New Rules for Cars' Fuel-Economy Ratings - Wall Street Journal The Obama administration proposed dramatic new rules Monday for how auto makers advertise the fuel economy of a vehicle, assigning them letter grades from A to D. (more...)
8.30.2010		N. Korean Pair Seen as Key to Arms Trade - Wall Street Journal A North Korean arms chief and Pyongyang's former ambassador to the U.N.'s nuclear agency allegedly have played leading roles in North Korea's development and testing of atomic weapons, and in a vast arms-trading network. (more...)
8.30.2010		U.S. Wants Report Card for Cars - Wall Street Journal The Obama administration proposed dramatic new rules for how auto makers advertise the fuel economy of a vehicle, assigning them letter grades from A to D. (more...)
8.30.2010		Not All Are True to Schools - Wall Street Journal Investors differ over the prospects of for-profit education. It's a schoolyard brawl that's leaving some of Wall Street's titans bruised and others thumping their chests. (more...)
8.30.2010		Intel Looks Beyond PCs - Wall Street Journal Intel's $1.4 billion deal to buy the wireless unit of Infineon demonstrates the chip giant's willingness to adjust its strategies to expand beyond the computer industry. (more...)
8.30.2010		House Travel Stipends Probed - Wall Street Journal Congressional investigators are questioning a half-dozen lawmakers for possibly misspending government funds meant to pay for overseas travel. (more...)
8.30.2010		Allen's Suit Renews Patent Debate - Wall Street Journal The Internet companies sued by Microsoft co-founder Paul Allen for patent infringement will be able to mount aggressive defenses, including that the billionaire sued too late. (more...)
8.30.2010		Asia Falls; Yen Hurts Tokyo - Wall Street Journal Asian stock markets were lower Tuesday with the Nikkei falling 2.1% as investors continued to fret about the yen's strength. (more...)
8.30.2010		3M to Bid $943 Million for Cogent - Wall Street Journal 3M will bid $943 million for a maker of fingerprint-recognition technology, marking the latest in a series of moves by big companies to dip into their growing cash hoards to fuel growth through acquisitions. (more...)
8.30.2010		3M Dips Into Its Cash Pile - Wall Street Journal 3M will bid $943 million for a maker of fingerprint-recognition technology, marking the latest in a series of moves by big companies to dip into their growing cash hoards to fuel growth through acquisitions. (more...)
8.30.2010		Further reading - Financial Times Elsewhere on Monday:- How complexity affects trading behaviour- SEC wants securitisation made easy- Should we listen to El-Erian?- Justin Fox talks efficient market theory,... (more...)
8.30.2010		Pink picks - Financial Times Comment, analysis and other offerings from Monday’s FT,Germany’s rebound is no cause for cheerThe price and labour market realignments that one would expect within... (more...)
8.30.2010		More Go Without Life Insurance - Wall Street Journal Nearly a third of U.S. households have no life-insurance policies, due to a combination of the financial pressures, the high cost of some policies and the hardball tactics used by some agents. (more...)
8.30.2010		Chip Sales Rise in July - Wall Street Journal Global chip sales rose 1.2% in July from a month earlier despite signs of a slowing economy, with results remaining sharply above prior-year levels. (more...)
8.30.2010		FINRA Rebels Prevail But Change Unlikely - Wall Street & Technology Despite an uprising among thousands of small U.S. brokerages, Wall Street watchdog FINRA is unlikely to adopt several proposals that would change the way it operates. (more...)
8.30.2010		Schwab In $150 Mln Deal For ETF-Focused Firm - Wall Street & Technology Charles Schwab Corp said Monday it would buy an investment advisory firm that primarily manages exchange-traded funds, a $150 million stock and cash deal meant to bolster the broker's push into fast-growing ETFs. (more...)
8.30.2010		Bloomberg Tradebook Forges Dark Pool Transparency Agreements - Wall Street & Technology Tradebook also launched its B-Dark algorithm, which contains the first analytic to deliver real-time venue transparency in dark pools, allowing traders to execute dark liquidity orders with more control and visibility. (more...)
8.30.2010		Voltaire Announces High Density 10 GbE Switch for Efficient Scaling of Cloud Networks - Wall Street & Technology Top-of-rack switch delivers new virtualization and converged data center capabilities. (more...)
8.30.2010		Monetizing Emma: a review - Financial Times Hannah Kuchler, a reporter for the FT, reviews a play about the perils of turning people into financial assets._________The premise: geeky Austen-obsessed teenage girl gets... (more...)
8.30.2010		Consumer Spending Accelerates - Wall Street Journal U.S. consumer spending rose 0.4% last month but income growth remained sluggish, a sign the economic recovery remains fragile. (more...)
8.30.2010		Genzyme Spurns Sanofi Bid - Wall Street Journal Genzyme confirmed that its board had unanimously rejected an $18.5 billion all-cash offer from Sanofi-Aventis, raising the prospect of a hostile takeover attempt from the French pharmaceutical company. (more...)
8.30.2010		Stocks Fall, Risk Loss for August - Wall Street Journal U.S. stocks fell slightly after data showed personal income remains sluggish while business activity in the Dallas area remains weak, adding to investors' worries over the health of the economy. (more...)
8.30.2010		3M to Acquire Cogent - Wall Street Journal 3M agreed to acquire Cogent in a $943 million deal that would expand 3M's offerings in high-security identification systems. (more...)
8.30.2010		Decline of P/E Ratio - Wall Street Journal As investors fixate on the global forces whipsawing the markets, one fundamental measure of stock-market value, the price-to-earnings ratio, is shrinking in size and importance. (more...)
8.30.2010		H-P Adds $10 Billion to Buyback - Wall Street Journal Hewlett-Packard's board authorized an additional $10 billion to buy back its own stock. (more...)
8.30.2010		H-P Gets Air Force Contract - Wall Street Journal Hewlett-Packard said it was selected by the U.S. Air Force for a five-year purchase contract that could be worth up to $800 million. (more...)
8.30.2010		Opel Faces Suit Over Ad Claim - Wall Street Journal Germany's Center for Protection against Unfair Competition is suing GM's Opel division for an advertising campaign claiming to offer a lifetime guarantee on Opel cars. (more...)
8.30.2010		Dow Falls in Year's Slowest Session - Wall Street Journal The Dow shed 140.92 points, or 1.4%, to finish at 10009.73, as daily trading volume hit a new low for the year. Blue chips are down 4.4% for August. (more...)
8.30.2010		Housing Bust Makes Paying for College Harder - Wall Street Journal Plenty of the money borrowed during the housing boom may have been spent superfluously, but it also appears to have played an important role in funding college educations. (more...)
8.29.2010		Critics Say Saudis Nab Reformers - Wall Street Journal Saudi Arabia's crackdown on alleged Islamic militants has resulted in thousands of arrests. But critics contend the government is using its security forces to silence a growing group of Saudi political activists. (more...)
8.29.2010		VMware Expands 'Cloud' Strategy - Wall Street Journal VMware plans to unveil technology aimed at making it easier for businesses to move information into cloud computing and to run their own data centers more efficiently. (more...)
8.29.2010		Obama Vows to Help Gulf Region - Wall Street Journal Obama visited New Orleans, marking the fifth anniversary of Hurricane Katrina by pledging the government's commitment to helping the Gulf region, as it seeks to recover from a second disaster caused by the BP oil spill. (more...)
8.29.2010		Governments Ditching Public Hospitals - Wall Street Journal Faced with mounting debt and looming costs from the new federal health-care law, many local governments are leaving the hospital business, shedding public facilities that can be the caregiver of last resort. (more...)
8.29.2010		Sanofi Unveils Genzyme 'Bear Hug' - Wall Street Journal French pharmaceutical company Sanofi-Aventis on Sunday went public with its $18.5 billion all cash bid for Genzyme, ratcheting up the pressure on the biotechnology firm. (more...)
8.29.2010		U.S. to Rap China Over Aluminum - Wall Street Journal The U.S. Commerce Department is expected Tuesday to find that $550 million in imported Chinese aluminum was illegally subsidized by the Chinese government, potentially leading to higher import duties. (more...)
8.29.2010		U.K. Economy to Slow - Wall Street Journal The pace of the U.K.'s economic growth will slow sharply over the medium term as the coalition government's tough measures to reduce the deficit set in, the British Chambers of Commerce said. (more...)
8.29.2010		China Warns Japan Firms on Wages - Wall Street Journal China's Wen bluntly warned Japan that its companies operating in China should raise pay for their workers. (more...)
8.29.2010		Shoppers Stick to Payday-Spending Habits - Wall Street Journal Consumer-products makers continue to see shoppers stock up on necessities around payday, a sign that some of the frugal habits consumers picked up in the recession linger. (more...)
8.29.2010		Cigarette Machines Help Evade Tax - Wall Street Journal Scores of tobacco retailers are taking advantage of a federal tax loophole to offer deep discounts on roll-your-own cigarettes. But the practice is attracting scrutiny from regulators and cigarette manufacturers. (more...)
8.29.2010		Barcelona Seals Divorce With Ibrahimovic - Wall Street Journal Both sides make concessions as Swedish striker sent to AC Milan in creative loan-purchase move little more than year after he joins Spanish team in near-record deal. (more...)
8.29.2010		Disney, Time Warner Cable Make Progress - Wall Street Journal Walt Disney and Time Warner Cable said they have made "significant progress" to resolve their impasse on programming fees. (more...)
8.29.2010		Aeromexico Lures Rival's Fliers - Wall Street Journal Mexican airline Aeromexico said it is offering special fares for ticket holders of rival carrier Mexicana, which suspended all flights as it struggles to remain afloat. (more...)
8.29.2010		An Austrian Economics Revival - Wall Street Journal Peter J. Boettke is emerging as the intellectual standard-bearer for a revival of the Austrian school of economics. (more...)
8.29.2010		Politicians Differ Over Significance of Rally - Wall Street Journal Politicians across the spectrum differed over the significance of the rally that drew throngs of conservatives and tea-party supporters to the National Mall. (more...)
8.29.2010		Progress Made in TV Talks - Wall Street Journal Walt Disney and Time Warner Cable said they have made "significant progress" to resolve their impasse on programming fees. (more...)
8.29.2010		Google to Acquire Start-Up Angstro - Wall Street Journal Google said it acquired start-up Angstro, part of the search giant's efforts to build a social-networking service that can effectively compete with Facebook. (more...)
8.29.2010		State Tax Revenue Gains - Wall Street Journal State tax revenue rose in the second quarter, as higher taxes and the slowly improving economy led to an increase in collections. (more...)
8.29.2010		The Decline of the P/E Ratio - Wall Street Journal As investors fixate on the global forces whipsawing the markets, one fundamental measure of stock-market value, the price-to-earnings ratio, is quietly shrinking, both in size and importance. (more...)
8.29.2010		Afghan Prosecutor Says He, Colleague Were Fired Over Probes - Wall Street Journal A top Afghan prosecutor says he and a colleague were abruptly forced into retirement last week after pushing high-level corruption cases touching on the Karzai administration. (more...)
8.29.2010		Harvests, M&A in Farm Show Spotlight - Wall Street Journal The Farm Progress Show, the annual gathering of U.S. farmers and agribusiness executives, starts Tuesday as the celebrations of a booming industry collide with unease over continued consolidation. (more...)
8.29.2010		On One Block, Resilience, Despair - Wall Street Journal Jourdan Avenue's uneven recovery reflects the challenges facing a reshaped New Orleans. (more...)
8.29.2010		Firms' Unease Is Settling In - Wall Street Journal U.S. companies have been on quite the roller-coaster ride, going from severe downturn to rebound in just a few years. And now they look headed back to the curves. (more...)
8.29.2010		Sanofi Goes Public With Bid - Wall Street Journal Sanofi-Aventis went public with its $18.5 billion offer for Genzyme, putting renewed pressure on the biotechnology firm to engage in sales negotiations. (more...)
8.29.2010		M&A in Farm Show Spotlight - Wall Street Journal The Farm Progress Show, the annual gathering of U.S. farmers and agribusiness executives, starts Tuesday as the celebrations of a booming industry collide with unease over continued consolidation. (more...)
8.29.2010		'Last Exorcism' Tops Box Office - Wall Street Journal "The Last Exorcism" and "Takers" topped all movies at the box office this weekend. (more...) </