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National Inflation Association: America's next bubble is about to burst
This massive bubble is based on one of the biggest scams in U.S. history...
Greece is teetering on the brink of default
S&P slashes Greek debt further into junk territory... Now the lowest rated country in Europe...
Superinvestor Mark Mobius reveals the secrets of investing in frontier markets
Includes the No. 1 way for most investors to profit...

Press Release

FDIC Announces Chairman Bair's Official Departure Date

FOR IMMEDIATE RELEASE May 9, 2011

Media Contact: Andrew Gray (202) 898-7192 Email: angray@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) today announced Chairman Sheila C. Bair's official departure will be effective July 8th, 2011. Consistent with previous public statements, Chairman Bair has announced her intention to depart the agency following the expiration of her term as Chairman. The FDIC will hold a board meeting during the first week of July. This will be Chairman Bair's final board meeting.

# # #

Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,657 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.

Altra Holdings Inc. (AIMC) CEO Carl R Christenson sells 1...

GuruFocus.com - 2 minutes ago

CEO of Altra Holdings Inc. (AIMC) Carl R Christenson sells 1,100 shares of AIMC on 05/06/2011 at an average price of $25.1 a share. Altra Holdings Inc. has a market cap of $657.44 million; its ...

Negative Homeowner Equity at New High

TheStreet.com - an hour ago

By Theresa McCabe 05/09/11 - 12:09 PM EDT NEW YORK (TheStreet) -- Home prices in the United States dropped 3% in the first quarter of 2011, the largest decrease since 2008 when the housing market experienced its worst 

NHTSA Expands Investigation into Ford F-150

U.S. News Rankings & Reviews - 24 minutes ago

By Katie LaBarre The National Highway Traffic Safety Administration has expanded its investigation of the fuel tanks in Ford F-150 models to include more than 2.7 million vehicles

Silver leads metals’ rebound as gold tops $1,500

19 min ago12:00 p.m. May 9, 2011 - By MarketWatch

Silver leads a recovery in the precious metals sector and gold tops $1,500 an ounce as investors test the waters for price stability in a still-cautious market after a plunge last week.. Silver leads a recovery in the precious metals sector and gold tops $1,500 an ounce as investors test the waters for price stability in a still-cautious market after a plunge last week.

Global economy is fragile, warns BHP
	Robb M. Stewart BHP chairman Jac Nasser warned today the global economy remains in a fragile state and people should be prepared for further downside.
Spotless rejects $657m takeover offer
	UPDATED David Winning SPOTLESS Group said today it has rejected a $656.9 million takeover offer from a private equity firm.
Redflex holders shun takeover offer
	Ross Kelly REDFLEX Holdings shareholders have voted against a $303.5 million takeover offer by Carlyle Group and Macquarie Group.
Job ads rise as confidence slips
	James Glynn THE total number of job ads rose 1 per cent in April, but the high Australian dollar and rate hike risks weighed on business confidence.
Apple now world's biggest brand
	Simon Canning Apple has unseated Google as the world's biggest brand, bringing an end to four years of dominance by the search giant.
Gloucester eyes targets, new capital
	Michael Bennet COAL miner Gloucester Coal is in talks for two potential acquisitions and a capital raising, in the latest action in the busy coal sector.

Softbank reports robust earnings on smartphones that offset disaster losses TOKYO — Softbank Corp., the only Japanese mobile carrier offering the hit iPhone, said annual profit nearly doubled despite suffering damage from the March 11 quake and tsunami that battered northeastern Japan. ( Associated Press Associated Press , AP) HSBC profit up 58 pct in first quarter due to lower taxes and provisions for bad loans LONDON — HSBC has reported a 58 percent jump in first-quarter profit thanks to a drop in provisions for bad loans and a lower tax bill. ( Associated Press Associated Press , AP) Euro steadies as fears ease that Greece will drop out of euro due to debt problems LONDON — The euro steadied Monday as a string of official denials calmed investor fears of a Greek exit from the common currency. ( Associated Press Associated Press , AP) Oil rises to near $100 in Asia, rebounding from last week's plunge, as US dollar weakens SINGAPORE — Oil prices rose to near $100 a barrel Monday in Asia, bouncing back from last week’s plunge, as a weaker U.S. dollar made commodities less expensive for investors with other currencies. ( Associated Press Associated Press , AP) Response to Volatility in Silver Takes Hold By WILLIAM NEUMAN and GRAHAM BOWLEY Worried about the soaring prices of commodities, exchange officials are raising the collateral needed to guarantee trades In Cable Niches, Less Reality and More Original Shows By BRIAN STELTER To stay competitive, relatively small cable channels that once relied on reality shows and repeats of others' scripted programs are now showing original comedies and dramas. Apple usurps Google as world's most valuable brand May 09, 2011 03:43 AM ET LONDON (Reuters) - Apple has overtaken Google as the world's most valuable brand, ending a four-year reign by the Internet search leader, according to a new study by global brands agency Millward Brown. | Full Article Hertz has second bite at Dollar Thrifty, offers $2.1 billion May 09, 2011 06:54 AM ET BANGALORE (Reuters) - Hertz Global Holdings Inc is back in the market for smaller car rental firm Dollar Thrifty , offering close to $2.1 billion, taking advantage of rival Avis Budget's problems getting regulatory clearance for a rival bid. | Full Article Tyson Foods sees higher prices lifting 2011 sales May 09, 2011 07:52 AM ET NEW YORK (Reuters) - U.S. meat producer Tyson Foods Inc's second-quarter revenue rose more than expected on higher prices and the company forecast full year sales that topped Wall Street expectations. | Full Article EU eyes lower rates for Greece, Ireland amid chaos May 09, 2011 06:45 AM ET BRUSSELS/BERLIN (Reuters) - The European Union is looking to lower interest rates on bailout loans to Greece and Ireland and is working on a second rescue for Athens in a chaotic effort to prevent a disorderly debt restructuring. | Full Article Morning Market Briefing  BoJ Minutes: Japan Economy Under Strong Downward Pressure Members of the Bank of Japan's monetary policy committee said that Japan's economy is still struggling under heavy downward pressure following the March 11 earthquake and tsunami, minutes from the bank's meeting on April 6 and 7 revealed on Monday. (May 9, 2011) Full Article German March Exports At Record High Germany's exports grew more than expected in March to a record high, figures published by the Federal Statistical Office showed Monday. (May 9, 2011) Full Article Fannie Mae Q1 Loss Shrinks Fannie Mae (FNMA.OB) Friday said first-quarter loss narrowed from the previous year on absence of fair value losses and also higher net interest income. (May 9, 2011) Full Article Berkshire Hathaway Q1 Profit Plunges Berkshire Hathaway Inc. (BRK-A, BRK-B) Friday reported a sharp decline in first-quarter profit primarily due to hefty catastrophe-related losses. Revenues, however, increased 5 percent on higher contribution from recently-acquired Burlington Northern Santa Fe railroad. (May 9, 2011) Full Article McDonald's April Sales Climb McDonald's Corp. (MCD) reported Monday a 12.7 percent growth in systemwide sales for the month of April, with comparable store sales increasing 6 percent. (May 9, 2011) Full Article Gold miners: cash is rising, but so are the headwinds A look at the trends, the numbers and the fault lines in the quarterly numbers released recently by eight of the world's gold majors.    Friday , 06 May 2011 Silver miners likely to take price fall in stride Even if the bearish mood toward the metal persists for some time, silver producers are still likely to generate significant profits and few analysts see the drop as the start of a long-term trend    Monday , 09 May 2011 Top silver ETF records $1bn of outflows in worst week ever The iShares Silver Trust ETF recorded a worst-ever $1 billion outflow in week as silver prices tanked.    Sunday , 08 May 2011 Cameco reports 36% drop in quarterly profit The company missed analyst expectations on the back of lower output and sales volumes and dropped its 2011 revenue growth estimates to 10 - 15%    Monday , 09 May 2011 Bull markets suffer corrections and gold no exception - Adrian Day Adrian Day, of Adrian Day Asset Management isn't happy about the political decisions fueling the gold market and also felt gold due for short-lived correction. Gold Report interview    Saturday , 07 May 2011 Central Bank gold buying and sudden price falls but is recovery on the way? Julian Phillips looks at new Central Bank gold buying from Latin America, the past week's sudden and steep fall in the gold price and what may be the beginnings of a significant recovery    Friday , 06 May 2011 Daily Crux  How gold predicted the recent commodities crash... ... And where it says they're headed next. Why mining stocks could go higher no matter what silver does next "The silver companies are making very good money at $35 an ounce..." H F N [more] Govt Looking Into SAC Capital Trades The government reportedly is looking into trades that were done for one of SAC Capital Advisors funds, as a result of a criminal investigation into alleged insider trading. Guest Article: Major Dollar Bottom Once again the currency markets have worked themselves into some major extreme valuations and the most glaring of these, in my opinion, is the dollar versus almost all other currencies.