Technical News - 25 September 2010

• Oracle could buy Mellanox Technologies: analyst
  Fri, 24 Sep 2010 08:06:09 -0700
  Mellanox Technologies could be an attractive acquisition candidate for Oracle, an analyst at ThinkEquity said.
• Illinois Leads Underfunded U.S. Pensions
  Fri, 24 Sep 2010 07:57:19 -0700
  
• 'Death Spiral' Besets State Pensions
  Fri, 24 Sep 2010 07:57:19 -0700
  
• Oliver Stone on Banking Chiefs
  Fri, 24 Sep 2010 07:57:19 -0700
  
• Smart Meters May Not Be So Clever
  Fri, 24 Sep 2010 07:57:19 -0700
  
• US new home sales still very weak
  Fri, 24 Sep 2010 07:53:55 -0700
  The number of new homes sold in the US in August remains at a near-record low as unemployment continues to bite.
• BHP Approves $1.5B Gas Development Project
  Fri, 24 Sep 2010 07:49:59 -0700
  BHP Billiton (BHP) said Friday in Australian that it has approved a $1. 5 billion natural gas development
• HSBC power struggle forces top team shake-up
  Fri, 24 Sep 2010 07:49:31 -0700
  HONG KONG/LONDON (Reuters) - A dramatic upheaval among HSBC's top management after a boardroom row has left the bank scrambling to limit damage to its reputation but unlikely to alter its increasing focus on Asia.

  
  

  
  
• Silver Jumps to 30-Year High; Gold Rises to Record, Tops $1,300
  Fri, 24 Sep 2010 07:48:00 -0700
  Silver climbed to the highest price since 1980 and gold advanced to a record, topping $1,300 an ounce, as the dollar’s slump boosted demand for precious metals as alternative assets.
• New home sales unchanged in August, supply at 42-year low
  Fri, 24 Sep 2010 07:46:47 -0700
  WASHINGTON (Reuters) - New U.S. single-family home sales were flat in August, but the supply of houses on the market tumbled to the lowest level in 42 years, government data showed on Friday.

  
  

  
  
• House Panel Approves China Currency Measure, Sends Bill to Floor
  Fri, 24 Sep 2010 07:44:06 -0700
  The U.S. House Ways and Means Committee today approved legislation letting companies petition for duties on Chinese imports to make up for a weak currency that lawmakers say creates an unfair subsidy.
• New Political Ads Watched on Chinese-Made TVs Condemn Ohio Voters for Buying Chinese-Made TVs
  Fri, 24 Sep 2010 07:43:54 -0700
  With high unemployment and declining union membership in industries such as autos and steel, it is n
• China's Down King Bosideng Aims To Open Store In New York In 2011
  Fri, 24 Sep 2010 07:43:26 -0700
  Bosideng International Holdings, China?s largest manufacturer of down wear, expects to open it
• Spain’s Budget Raises Taxes on Higher Earners to Tame Deficit
  Fri, 24 Sep 2010 07:39:04 -0700
  Spain will raise taxes on the highest earners and cut spending in the most austere budget in at least three decades to slash the euro region’s third-largest deficit.
• Portia DeGeneres, Traditional Wife To A Wife
  Fri, 24 Sep 2010 07:37:49 -0700
  Yesterday the actress, who married talk show host and former American Idol judge Ellen DeGeneres in
• House panel approves China currency bill
  Fri, 24 Sep 2010 07:35:27 -0700
  WASHINGTON (Reuters) - A congressional panel, in a move likely to increase trade tensions with China, approved on Friday a bill that allows the United States to slap duties on goods from countries with fundamentally undervalued currencies.

  
  

  
  
• The bulls are back: Stocks surge
  Fri, 24 Sep 2010 07:34:35 -0700
  U.S. stocks rallied right out of the gate Friday, with the three major indexes spiking about 1.7%, after a report on durable goods edged slightly ahead of forecasts, and gold touched a record high above $1,300 an ounce.
• Jobs bill passed, but loopholes remain
  Fri, 24 Sep 2010 07:32:37 -0700
  The jobs bill passed by the U.S. Congress Thursday to help small businesses with easier credit and tax incentives to create jobs has been criticized for several loopholes that could harm the prospects of small businesses.
• Dutch investor says Crucell buyout "not done deal"
  Fri, 24 Sep 2010 07:28:35 -0700
  AMSTERDAM (Reuters) - An offer for Crucell from U.S. healthcare company Johnson & Johnson was "not a done deal," Delta Lloyd Asset Management said after another top shareholder in the Dutch biotechnology firm heightened its resistance to a possible deal.

  
  

  
  
• IFC Leads Push for $13 Billion Bad Debt Market: Russia Credit
  Fri, 24 Sep 2010 07:28:00 -0700
  For the first time, the World Bank plans to jump-start lending in Russia with a fund that will buy bad loans from banks, freeing up cash as the demand for credit surges in the economy of the biggest energy exporter.
• Donald Trump: Some Day Forbes Will Get My Number Right
  Fri, 24 Sep 2010 07:26:50 -0700
  He used to be known as a real estate tycoon, but Trump's celebrity status is factoring more and more
• Republican Camp Backs China Currency Measure in House
  Fri, 24 Sep 2010 07:26:00 -0700
  Representative Dave Camp, the top Republican on the U.S. House Ways and Means Committee, said he will vote for the China currency legislation the panel is preparing to act on today.
• Penn Endowment Rises 13% on Credit, Public Equities
  Fri, 24 Sep 2010 07:24:09 -0700
  The University of Pennsylvania, the Ivy League school founded by Benjamin Franklin, said the fund that manages most of its endowment gained 13 percent in the past year, helped by investments in credit and public equities.
• Demand for U.S. Capital Goods Rebounds as Spending Holds Up
  Fri, 24 Sep 2010 07:24:01 -0700
  Orders for U.S. capital equipment rebounded in August, signaling a slowdown in business investment may be less severe than some economists projected.
• Russians on the Forbes 400 Richest Americans list
  Fri, 24 Sep 2010 07:22:41 -0700
  Following the American dream, that?s every immigrant?s drive in coming to the U.S. (incl
• FINRA lips sealed as board mulls disclosure reforms
  Fri, 24 Sep 2010 07:22:16 -0700
  NEW YORK (Reuters) - FINRA's board convened this week to consider proposals for making the Wall Street watchdog less secretive, but the industry regulator is keeping mum.

  
  

  
  
• China's New Economic Warfare
  Fri, 24 Sep 2010 07:21:18 -0700
  Beijing just bludgeoned Japan. Who's next?
• New home sales creep off record lows
  Fri, 24 Sep 2010 07:15:55 -0700
  New home sales remain near record lows, coming in unchanged in August.
• Gold touches $1,300 record high
  Fri, 24 Sep 2010 07:13:12 -0700
  Gold hits a new record of $1,300 an ounce as a range of factors pushes the price of the precious metal higher.
• Wall St holds gains after home sales data
  Fri, 24 Sep 2010 07:11:02 -0700
  NEW YORK (Reuters) - U.S. stocks held large gains on Friday after data showed sales of new U.S. single-family homes were flat in August.

  
  

  
  
• Hertz says not to raise offer for Dollar Thrifty
  Fri, 24 Sep 2010 07:07:27 -0700
  (Reuters) - Hertz Global Holdings said it would not raise its offer further for Dollar Thrifty , a day after rival Avis Budget sweetened its bid for the car rental company.

  
  

  
  
• Clash Of The U.S. Tech Billionaires
  Fri, 24 Sep 2010 07:01:00 -0700
  More tech companies and their super rich leaders are moving into each other's terrain.
• Airlines fret over cost of seat safety row
  Fri, 24 Sep 2010 06:57:21 -0700
  TOKYO/PARIS (Reuters) - Airlines appeared on a potential collision course with regulators on Friday over the cost of carrying out proposed checks on over 100,000 passenger seats in the wake of a row over questionable safety data.

  
  

  
  
• Kimberly-Clark downgraded at Credit Suisse
  Fri, 24 Sep 2010 06:57:08 -0700
  Credit Suisse downgraded rating of huggies and tissue maker Kimberly-Clark Corp. to 'neutral' from 'outperform' with a price target of $68.
• Donald Trump: Some Day Forbes Will Get My Number Right
  Fri, 24 Sep 2010 06:51:09 -0700
  He used to be known as a real estate tycoon, but Trump's celebrity status is factoring more and more
• Benefits From Asset Allocation Are Harder To Come By
  Fri, 24 Sep 2010 06:50:03 -0700
  Tighter correlations between asset classes are reducing the benefits of diversification. Here's what
• KB Home Bounces On Earnings But Offers No Reason To Buy
  Fri, 24 Sep 2010 06:47:19 -0700
  New orders plunge 39% even as the bottom line comes in better than expected.
• Facebook Engineer Discussed 'Hypothetical' Outage Last Week
  Fri, 24 Sep 2010 06:45:52 -0700
  A Facebook software engineer pondered the idea of a day-long Facebook outage the week before Faceboo
• The Build-Your-Own College Scholarship Plan
  Fri, 24 Sep 2010 06:44:25 -0700
  Scholarship alternatives to greatly ease a student's financial burden.
• Not Running Into Nike After The Nice Quarter
  Fri, 24 Sep 2010 06:43:22 -0700
  Profits are ahead of forecasts but sales come up short.
• SocGen's Grice Finds Pockets Of Insurance Against Disaster
  Fri, 24 Sep 2010 06:43:20 -0700
  Insurance against a stock-market meltdown is expensive, but there are exotic ways to hedge, says S
• US stocks surge in early trade
  Fri, 24 Sep 2010 06:39:28 -0700
  US stocks advanced in early trade on Friday after a government report showed that orders for durable goods, excluding transportation, rose better-than-expected in August.
• Japan suspected of yen intervention, doubts arise
  Fri, 24 Sep 2010 06:02:08 -0700
  TOKYO (Reuters) - A sudden slide in the yen against the dollar on Friday stirred suspicions Japanese authorities intervened for a second time this month to try to prevent the currency's strength from worsening a faltering recovery.

  
  

  
  
• US futures extend gains after durable goods data
  Fri, 24 Sep 2010 05:55:46 -0700
  Futures on major U.S. stock indices extended their gains on Friday after a government report showed that core durable orders rose better-than-expected in August.
• America still tops 2010 M&A chart
  Fri, 24 Sep 2010 05:50:03 -0700
  Even as emerging markets are being touted as the hottest new destinations for mergers and acquisitions, America still tops the list in terms of the total of deals being signed so far in 2010, according to a report by Dealogic.