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Friday, June 3, 2011

Stock Tips & News



The stress testing of European banks is taking at least a month longer than expected because some banks filed figures that were too optimistic or lacked detail.
Farmers in the country report that natural methods lift their productivity and the quality of the food they grow.
The Washington Post
U.S. farmers, processors not required to test for deadly E. coli strain
The bacterium that has killed more than a dozen Europeans, sickened nearly 2,000 more and raised international alarms would be legal if it were found on meat or poultry in the United States.(By Lyndsey Layton) 
Employers added 54,000 jobs in May, fewest in 8 months; unemployment rate rose to 9.1 pct.
WASHINGTON — Employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1 percent. ( Associated Press Associated Press , AP) 
Treasury sells warrants of Connecticut-based Webster Financial for $20.4 million
WASHINGTON — The government says it received $20.4 million from the sale of warrants it held in Webster Financial Corp., the latest move to recoup costs from the $700 billion financial bailout program.
( Associated Press Associated Press , AP) 
TEPCO says 2 workers at tsunami-hit nuclear plant exceeded Japan radiation exposure limit
TOKYO — Two nuclear plant workers have exceeded Japan’s radiation exposure limit for men, and others who toiled without sufficient protection in the earliest days of the crisis could show high levels as well, the government and plant operator said Friday. ( Associated Press Associated Press , AP) 

China Real Time Report
More Bad News for China's Troubled Tree Sector
Another Chinese forestry company is in the spotlight, at the same time as the U.S. steps up its scrutiny of Chinese companies listed there via reverse mergers.
http://blogs.wsj.com/chinarealtime/?p=13866?mod=djemChinaRTR_t
Computex: Takeaways From the Tech Show
As Asia's biggest computer show, Computex, comes to a close, what were the biggest trends and what can consumers expect to see later this year?
http://blogs.wsj.com/chinarealtime/?p=13865?mod=djemChinaRTR_t
A Darkness Falls on Taiwan's Night Markets
With health authorities in mainland China fighting a war on food safety violators, a food scandal across the Taiwan Strait has claimed an iconic victim.
http://blogs.wsj.com/chinarealtime/?p=13864?mod=djemChinaRTR_t
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Gold as Collateral – a major step for the gold market

The implications of the acceptance of gold as collateral are seen as extremely significant - particularly in the context of the Eurozone debt crises.    Friday , 03 Jun 2011 

Yesterday's Top Story: China's increased dominance of global commodities market carries risk-S&P

As China becomes the dominant presence in global commodities markets, S&P feels downside scenarios are unlikely to occur, "but the shocks will be felt around the commodities world."    Thursday , 02 Jun 2011 

Gold well supported by fundamentals but a small correction is on the cards - Melek

This year, selling in May and going away might not be the best strategy for the gold market as there are some rather important macroeconomic events occuring over the next few months that will have a bearing on the metal 

Greece, US debt and their impact on commodity markets

Investec's Michael Power takes us through the impact of the end of QE2, the continuing escalation of the euro zone's problems the rise of Indian and Chinese coal demand 
Pressure Rises on Iran Leader
President Mahmoud Ahmadinejad came under new domestic pressure on two fronts with a rare, unified blow against him in parliament and the first significant opposition rally in months, a spontaneous protest in response to the death of an activist in an assault by security forces.
Gmail Hack Targeted White House
People who work at the White House were among those targeted by the China-based hackers who broke into Google's Gmail accounts.
 

Moody's sounds alarm over U.S. debt limit and deficits NEW YORK/WASHINGTON (Reuters) - Ratings agency Moody's warned on Thursday it would consider cutting the United States' coveted top-notch credit rating if the White House and Congress do not make progress by mid-July in talks to raise the debt limit. | Full Article 
Hackers attack another Sony network and post data June 03, 2011 03:17 AM ET BOSTON/NEW YORK (Reuters) - Hackers broke into Sony Corp's computer networks and accessed the information of more than 1 million customers to show the vulnerability of the electronic giant's systems, the latest of several security breaches undermining confidence in the company. | Full Article
Mortgage approvals weak but credit cards strong 01 JUN 2011 09:46 BST LONDON (Reuters) - Mortgage approvals were lower than expected in April, though heavy credit card borrowing pushed up consumer lending more than forecast, Bank of England figures showed on Wednesday. | Full Article


Top News


By Robert Schroeder WASHINGTON (MarketWatch) -- The US economy is taking "awhile" to mend, President Barack Obama said Friday, after the Labor Department reported that job-creation slowed to a ...


This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today. GT Solar International, Inc. (Nasdaq: SOLR) high of $14.00. GT Solar is ...


The tech sector is trading lower today along with losses in the broader market. Semiconductors are showing in-line weakness in the tech space with the Philly Semi Index trading 0.7% lower. Among ...


By Adam Haigh - Fri Jun 03 17:04:07 GMT 2011 European stocks declined for a fifth straight week, the longest losing streak since July 2008, as US jobs and manufacturing data that missed forecasts ...


By Andria Cheng, MarketWatch FAYETTEVILLE, Ark. (MarketWatch) — Wal-Mart Stores Inc. announced a $15 billion share-repurchase program at its annual meeting, hosted by entertainer Will Smith and ...


Further signs of weakness in the US economy caused a broad-based sell-off on Friday, with London's leading index dropping 50 points immediately following the release. But while Wall Street ...


By Felix Salmon June 3 (Reuters) - There's no need to look beyond the headlines this month: both the jobs report and the unemployment numbers for May are telling the same grim story.


By Julie Haviv NEW YORK, June 3 (Reuters) - The dollar fell broadly on Friday as weak jobs data added to evidence of a marked slowdown in the US economic recovery, while the euro hit a one-month high on optimism that Greece will 


ON BOARD AIR FORCE ONE, June 3 (Reuters) - A warning of a possible credit rating cut by Moody's underscores the need for a bipartisan deal on the US debt ceiling, a White House spokesman said on Friday.
Stocks Are Down on Weak Monthly Jobs ReportNew York Times - 4 hours ago


By CHRISTINE HAUSER Stocks on Wall Street declined on Friday after a disappointing monthly government jobs report that showed hiring in the United States slow 



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