"No man can become rich without himself enriching others"
Andrew Carnegie



Thursday, May 26, 2011

Stock Tips & News

Martha Stewart Living Seeks Buyer or Partner

By PETER LATTMAN
Martha Stewart Living Omnimedia, whose fortunes have sagged in the last five years, is exploring the sale of the company or a stake in it.
Gold rush followed end of Libyan sanctions
The world’s most sophisticated banks rushed to do business with Gaddafi after Libya was removed from the list of terrorist sponsors.
(By Robert O’Harrow Jr. and James V. Grimaldi)

The Washington Post
China wants 'democratic' choice of IMF leader but no sign whether it supports France's Lagarde
BEIJING — China said Thursday it wants the next International Monetary Fund leader to be selected through “democratic negotiation” but gave no sign whether it backs candidates from France, Mexico or other governments.
( Associated Press Associated Press , AP)
Japanese copier maker Ricoh to shrink staff by 10,000 to revamp business
TOKYO — Ricoh Co. will reduce its global workforce by 9 percent as the Japanese copier maker seeks to overhaul its struggling business.
( Associated Press Associated Press , AP)
Amazon Repeats $0.99 Deal On Lady Gaga Album, Says Servers Won’t Melt This Time
( by TechCrunch.com , TechCrunch.com)

Report: German finance minister says Greece may need more time on reforms
BERLIN — Germany’s finance minister says Greece may need more time to implement reforms including a big privatization program. ( Associated Press Associated Press , AP)


New Mileage Stickers Include Greenhouse Gas Data

By JOHN M. BRODER
New fuel economy window stickers will compare a vehicle's emissions of carbon dioxide with those of all other vehicles, as well as provide miles-per-gallon data.


Mineweb logo

Hate paper money, love gold. Gold and silver turning up - Puru Saxena

Hong Kong based Puru Saxena sees Eastern precious metals demand continuing and rising as wealth grows - and sees the recent downturn in prices reversing.

Lawsuit suggests Obama secret agenda to bring down coal miner Massey Energy

Class action Lawsuit seeking to block Alpha-Massey merger suggests Massey executives believe that the American President wanted to bring down Massey following Upper Big Branch coal mine disaster.    Thursday , 26 May 2011
Investors in silver have seen prices soar, crash back, and now perhaps begin to pick up again. Why does explosive silver behave so differently from far steadier gold?    Wednesday , 25 May 2011

Investors need to look to gold price and currency in due diligence

Today's ‘Briefing from Benoni' looks at is gold rising, or is it that the dollar and euro are falling. Investors need to take account of currencies when making precious metals investment decisions.    Wednesday , 25 May 2011

Rare earths processing technology breakthrough

AMMTEC has successfully operated a demo plant using Arafura Resources' hydrochloric acid regeneration system - a key component in the flowsheet for the company's Nolans rare earths project    Wednesday , 25 May 2011
Interest rates, the end of QE2 and gold in euro terms - Julian Philips
A look at what has been going on in the gold market since the dip and why it is worth looking at the price of the metal in currencies other than the dollar
The Daily Crux
Must-see charts show how China
is vacuuming up the world's gold supply

And this demand explosion is just beginning…
Top analyst Rosenberg: These seven risks could crash the markets
Some of them are almost here…
One of Warren Buffett's favorite sectors is taking off
It's the "cheapest, cleanest, and most energy efficient" means of transportation…


Economics and Statistics Administration Logo
Real gross domestic product (GDP) grew at an annual rate of 1.8% in the first quarter of 2011, according to today’s second estimate. This follows a growth rate of 3.1% in the fourth quarter of 2010.
Gross_Domestic_Product_First_Quarter_2011_Second_Estimate_.pdf

Morning Market Briefing
Japan's financial markets have recovered after showing significant volatility following the March earthquake, Bank of Japan Deputy Governor Kiyohiko Nishimura said Thursday. (May 26, 2011) Full Article

Singapore's manufacturing output declined more than expected in April, reflecting a sharp deterioration in the biomedical segment, data from the Economic Development Board showed Thursday. (May 26, 2011) Full Article

Senior officials from the European Financial Stability Facility (EFSF) indicated that the Chinese government and other Asian investors may represent a "strong proportion" of the buyers of the Portuguese bailout bonds, when the rescue fund starts auctioning them next month, the Financial Times newspaper reported. (May 26, 2011) Full Article

The number of Americans filing new applications for unemployment insurance unexpectedly increased last week, according to figures released by the Labor Department on Thursday. The report said 424,000 Americans filed initial claims for unemployment insurance in the week ended May 21st, an increase of 10,000 from the previous week's revised figure of 414,000. (May 26, 2011) Full Article

While economists had expected U.S. economic growth in the first quarter to be upwardly revised from the initial reading, the Commerce Department released a report on Thursday showing the pace of GDP growth in the quarter was unchanged from its earlier estimate. (May 26, 2011) Full Article
iPhone 4 to Launch in India May 27
Bharti Airtel and Aircel said they will start selling Apple Inc.'s iPhone 4 smartphones in India from May 27.
DLF to Sell Assets to Raise Money
DLF, the property developer, has more than doubled its fund-raising target to $2.2 billion. The company will sell some non-core assets over the next two to three years to generate cash for its core property development business and cut debt.
U.S. Probes Infosys Over Visas
U.S. authorities are investigating whether Indian software giant Infosys repeatedly violated American visa laws in order to place its own foreign employees in temporary jobs at some big corporate clients in the U.S.

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