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Thursday, May 12, 2011

Stock Tips & News

Top News (Google Finance)



By Scott Lanman - Thu May 12 17:29:02 GMT 2011 Ben S. Bernanke, chairman of the US Federal Reserve, said that using the US debt ceiling as a budget-cutting bargaining chip would be "quite risky.


By MATT JAFFE and ARLETTE SAENZ (@ArletteSaenz) Oil company executives, from left, Chevron CEO John Watson; Shell Oil President Marvin Odum; BP America Chairman H. Lamar McKay; ConocoPhillips CEO James Mulva; and ExxonMobil CEO Rex Tillerson testify on ...
By Soyoung Kim NEW YORK (Reuters) - The US Treasury does not plan to start selling its remaining shares in General Motors Co (GM.N) until August at the earliest, after the automaker's second-quarter financial results, people familiar with 

By Shobhana Chandra - Thu May 12 12:54:07 GMT 2011 Mounting bills for gasoline and groceries are leaving Americans with less money for other purchases.
By BRETT ARENDS The guilty verdict in the trial of hedge fund manager Raj Rajaratnam makes me think of a joke that a very cynical friend used to make.

NEW YORK--(BUSINESS WIRE)--What marketing tactics help products achieve continued growth in their second year post-launch? A new Knowledge Networks analysis found that OTC (over-the-counter ...

Apartment Rents and Occupancies Are Poised to Rise in US,...
By Hui-yong Yu - Thu May 12 14:41:12 GMT 2011 Apartment rents and occupancies are likely to continue to rise as the US home and labor markets remain depressed, economists said at a conference ...


The Daily Crux
Starbucks CEO: The commodities rally isn't real
"Without any real supply or demand issues... most agricultural food commodities are at record highs..."
Eight top, high-yield dividend growth stocks for those investors close to retirement
Have a rare combination of rising payouts and big current yields...
A massive dollar rally could be starting now
Just broke above a key resistance level for the first time in four months...

Morning Market Briefing

The unemployment rate in Australia came in at a seasonally adjusted 4.9 percent in April, the Australian Bureau of Statistics said on Thursday, matching both forecasts and the previous month's reading. (May 12, 2011) Full Article
U.K. industrial production logged weaker than expected growth in March due to soft manufacturing growth and a weak rebound by gas output following maintenance work, according to a report released by the Office for National Statistics. (May 12, 2011)  Full Article
U.S. retail sales showed a moderate increase in the month of April, according to a report released by the Commerce Department on Thursday, with the sales growth largely due to a jump in sales by gas stations amid higher gasoline prices.(May 12, 2011) Full Article 

New claims for unemployment benefits dropped last week, though the total number was still higher than most economists had predicted. According to the Department of Labor, seasonally adjusted new claims for the week ending May 7 came in at 434,000, a drop of 44,000 from the previous week's revised figure of 478,000. (May 12, 2011) Full Article
Economics and Statistics Administration Logo
April 2011 retail and food services sales were $389.4 billion, up 0.5% from March and up 7.6% from April 2010. Excluding autos, retail and food services sales in April were $321.2 billion, up 0.6% from March and up 6.9% from April 2010.












China raises bank reserve requirements, more expected May 12, 2011 07:43 AM ET BEIJING (Reuters) - China's central bank increased the reserve requirement ratio for its commercial banks by another 50 basis points on Thursday, extending its campaign to calm prices despite initial signs of slowing in the economy. | Full Article
Kohl's raises outlook as margins stay steady May 12, 2011 07:42 AM ET NEW YORK (Reuters) - Kohl's Corp reported a higher quarterly profit on moderate sales gains as the department store chain kept gross margins steady despite rising cotton prices, and the retailer raised its full year profit forecast. | Full Article
Debt crisis could still spread to EU core: IMF May 12, 2011 07:27 AM ET FRANKFURT (Reuters) - Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis could still spread to core euro zone countries and the emerging economies of eastern Europe, the International Monetary Fund warned on Thursday. | Full Article


Top News

By Rob Schmitz Marketplace Morning Report, Thursday, May 12, 2011 American corporations are investing in Chinese web giants like Baidu. But those same websites are stealing content and copyrighted ...Half of Global Consumers Say Financial Institutions Don't...
ARLINGTON, Va., May 12, 2011 /PRNewswire/ -- Nearly 50 percent of global consumers believe financial institutions don't care about the customer, according to the Consumer Financial Monitor, a new ...
By Jeffry Bartash WASHINGTON (MarketWatch) - The US Labor Department is set to release reports on weekly jobless claims and US wholesale prices in April at 8:30 am Eastern. Economists surveyed by ...
Here we present a list of four high-yield stocks that have seen net selling by institutional investors over the last quarter. These stocks are now rallying, begging the question, "Will the big ...

HFN
Rajaratnam Guilty on All Counts Prosecutors scored a major victory in the biggest insider trading trial involving a hedge fund when a federal jury found Galleon Group founder Raj Rajaratnam guilty of all 14 counts against him Wednesday. [more
 National Express Gets Elliott to Back Off British transportation company National Express has cut a deal with Paul Singer's Elliott Management, getting the U.S. hedge fund manager to call off a planned proxy contest on the eve of the company's annual meeting. [more]
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Gold and China, silver and volatility - Edel Tully, UBS

A look at where gold goes from here with a focus on China's continuing role and a view on silver

B.C. mining revenues, earnings neared record highs in 2010--PwC

A new PwC report says "BC mining companies are riding the wave of strong demand and high commodities prices" as revenues and earnings nearly reached record highs in 2010.    Thursday , 12 May 2011

Gold could hit $1,600 this year while silver continues its rollercoaster ride - UBS

The yellow metals performance in the face of silver's washout last week was rather impressive and an addition to the factors why UBS expects gold to continue going higher this year    Wednesday , 11 May 2011

Volatility in gold, silver and other hard assets an investment opportunity - Grandich

Why has the price of gold punched through every barrier to a record high of $1,500/oz.? Peter Grandich explores if it's time to unload silver and transition out of gold. Gold Report interview.    Thursday , 12 May 2011 

Chinese likely to return with new bid to control major Namibian uranium project

Consensus is that Chinese company CGNPC will return with a revised bid for Kalahari Minerals, or bid directly for extract resources, to gain control of Husab uranium megaproject    Wednesday , 11 May 2011 

IAMGOLD Q1 earnings almost triple on high gold price

Mid tier gold miner, IAMGOLD's Q1 earnings rose sharply as its new Essakane mine came on stream. Production outlook for current year cut on proposed sale of Ghana mines.    Thursday , 12 May 2011 

A third uranium deposit shapes up for Hathor at Roughrider

A third uranium deposit is quickly growing in size for Hathor and has the potential to add significant U3O8 resources to the company's Roughrider project.    Wednesday , 11 May 2011 

High silver price and Q4 production boosts Silvercorp earnings

Strong sales coupled with high silver and gold prices led to Silvercorp rise in quarterly profits.    Thursday , 12 May 2011 

Next Up: A Crackdown on Outside-Expert Firms

By EVELYN M. RUSLI
Authorities suspect insider trading at some expert network firms, which match investors like hedge funds with outside experts.
 

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