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luni, 19 septembrie 2011

PRESS DIGEST - Wall Street Journal - Sept 19

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Sept 19 | Mon Sep 19, 2011 2:08am EDT

Sept 19 (Reuters) - The following were the top stories in The Wall Street Journal on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

* Obama will offer a new plan to reduce the federal deficit by about $3.6 trillion over a decade, almost half of which would come from tax increases, people familiar with the proposal said.

* President Barack Obama's proposal to raise taxes on some millionaires will likely please members of his party, but it is unlikely to have much practical impact on federal deficits anytime soon.

* The online daily-deals space has attracted millions of dollars in venture capital and spurred dozens of clones of market leaders Groupon and LivingSocial. Now the industry is starting to shake out.

* After a summer of denial, reality has caught up with Wall Street strategists. Having spent much of the year making ever-higher predictions for the Standard & Poor's 500-stock index, and sticking to them through August's turmoil, many strategists are now cutting their forecasts.

* Fed officials, worried that a wobbly economy and their fractious debates are confusing the public, are examining whether to adopt more explicit economic targets to clarify their strategy for lowering unemployment without fueling inflation.

* Greece's government held an emergency cabinet meeting to plan new measures to bring its budget deficit into line, after warnings from the other euro-zone nations.

* UBS boosted the tally of the loss it suffered this summer to $2.3 billion, as details began to emerge as to how a relatively junior trader allegedly perpetrated one of the largest trading frauds ever.

* In the aftermath of the world's biggest-ever rogue trading loss, French bank Société Générale SA implemented a series of tough measures to shore up internal controls. But three years later the bank and some of its former executives still live in the shadow of their former junior trader-Jerome Kerviel.

* Google has hired at least 13 lobbying and communications firms since May, when the FTC ramped up its antitrust probe of the company, and ahead of a Senate hearing Wednesday on whether it is abusing its dominance of Internet search.

* A year after U.S. banks slowed down the foreclosure machine as a result of pressure from judges and regulators, the foreclosure process remains snarled.

* The United Auto Workers' tentative labor pact with General Motors Co. is likely to raise pressure on Chrysler LLC and Ford Motor Co. to increase worker pay and add factory jobs.

* Asian stock markets fell on Monday and the euro lost ground as investors fretted about the lack of progress in resolving Europe's debt problems.

* Ranchers in the U.S. are shrinking their herds, a move that will curtail beef supplies in coming months and exert upward pressure on prices at the meat counter.

* United Technologies Corp. is in talks to acquire aircraft-systems maker Goodrich Corp. , people familiar with the matter said, a deal that would expand the conglomerate's aerospace business amid a boom in production of passenger planes.

* Profit at the China operations of foreign banks improved last year but continued to significantly lag earnings growth for Chinese rivals, as a hiring war drove up costs for the foreign lenders, according to a new report.

* Samsung Electronics Co. widened a sprawling global patent dispute with Apple Inc. by filing a countersuit in Australia, while also appealing a key ruling in Germany.

* NBC is in talks to bring veteran news anchor Ted Koppel to a news-magazine program slated to make its premiere in the fall, according to people familiar with the matter, the network's latest attempt to add star power to the prime-time program. (Compiled by Anirban Sen; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)


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miercuri, 25 mai 2011

PRESS DIGEST - Wall Street Journal - May 25

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n">May 25 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

* Banks are looking to hold onto their influence over consumers, who are increasingly shunning checks and cash, turning instead to new nonbank technologies to spend their money. The new service from Bank of America Corp , Wells Fargo & Co and J.P. Morgan Chase & Co takes aim at the popular PayPal offering.

* American International Group Inc and the United States Treasury sold $8.7 billion in shares Tuesday in a landmark stock offering that eked out a small profit for taxpayers and began the government's exit from the insurer 2 and a half years after its record bailout.

* Federal prosecutors are investigating several former Avon Products Inc employees, raising the prospect of criminal charges in an ongoing probe into allegations the company bribed foreign officials, people familiar with the matter said.

* Three years after launching a probe to determine whether the 2008 oil-market frenzy was fueled by excessive speculation, the United States alleged that two traders and their firms operated an international plot to manipulate prices.

* State attorneys general told five of the nation's largest banks on Tuesday they face a potential liability of at least $17 billion in civil lawsuits if a settlement isn't reached to address improper foreclosure practices, according to people familiar with the matter.

* Italian auto maker Fiat SpA is mulling a plan to quickly take a majority stake in Chrysler Group LLC by purchasing shares from the U.S. Treasury and a United Auto Workers health trust fund, people familiar with the matter said.

* Amazon.com Inc launched another version of its popular Kindle electronic reader that is cheaper, but that comes with on-screen ads.

* NASA designated a four-person space capsule built by Lockheed Martin Corp as its likely premier exploration vehicle to take future astronauts beyond earth orbit.

* Medtronic Inc's fiscal fourth-quarter earnings fell 19%, hit by restructuring costs linked to recent job cuts, while sales edged higher despite continued growth challenges in markets for implantable defibrillators and spinal devices.

* Barnes & Noble Inc , weighing an offer to be acquired by Liberty Media Corp , launched its latest salvo in the digital-book wars Tuesday with a new touch-screen version of its Nook e-reader.

* The head of Boeing Co said Tuesday that the keenly awaited replacement to its best-selling 737 aircraft family would be only "modestly bigger" than the existing jets if it opted to build an all-new plane this decade.

* Volkswagen AG will decide in the next 12 months whether it will build Audi luxury cars in the U.S. in addition to VWs it is churning out at a new factory here, the company's chief executive said on Tuesday.

* Google Inc and Citigroup Inc said they will each invest $55 million in an inland California wind farm they said will be the country's largest by the end of the year.

* Google Inc is expected to disclose details about how consumers will be able to make store purchases, redeem coupons, and get loyalty points by waving smartphones in front of a small reader at the checkout counter, said people familiar with the matter. (Compiled by Isheeta Sanghi; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)


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n">May 25 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

* Banks are looking to hold onto their influence over consumers, who are increasingly shunning checks and cash, turning instead to new nonbank technologies to spend their money. The new service from Bank of America Corp , Wells Fargo & Co and J.P. Morgan Chase & Co takes aim at the popular PayPal offering.

* American International Group Inc and the United States Treasury sold $8.7 billion in shares Tuesday in a landmark stock offering that eked out a small profit for taxpayers and began the government's exit from the insurer 2 and a half years after its record bailout.

* Federal prosecutors are investigating several former Avon Products Inc employees, raising the prospect of criminal charges in an ongoing probe into allegations the company bribed foreign officials, people familiar with the matter said.

* Three years after launching a probe to determine whether the 2008 oil-market frenzy was fueled by excessive speculation, the United States alleged that two traders and their firms operated an international plot to manipulate prices.

* State attorneys general told five of the nation's largest banks on Tuesday they face a potential liability of at least $17 billion in civil lawsuits if a settlement isn't reached to address improper foreclosure practices, according to people familiar with the matter.

* Italian auto maker Fiat SpA is mulling a plan to quickly take a majority stake in Chrysler Group LLC by purchasing shares from the U.S. Treasury and a United Auto Workers health trust fund, people familiar with the matter said.

* Amazon.com Inc launched another version of its popular Kindle electronic reader that is cheaper, but that comes with on-screen ads.

* NASA designated a four-person space capsule built by Lockheed Martin Corp as its likely premier exploration vehicle to take future astronauts beyond earth orbit.

* Medtronic Inc's fiscal fourth-quarter earnings fell 19%, hit by restructuring costs linked to recent job cuts, while sales edged higher despite continued growth challenges in markets for implantable defibrillators and spinal devices.

* Barnes & Noble Inc , weighing an offer to be acquired by Liberty Media Corp , launched its latest salvo in the digital-book wars Tuesday with a new touch-screen version of its Nook e-reader.

* The head of Boeing Co said Tuesday that the keenly awaited replacement to its best-selling 737 aircraft family would be only "modestly bigger" than the existing jets if it opted to build an all-new plane this decade.

* Volkswagen AG will decide in the next 12 months whether it will build Audi luxury cars in the U.S. in addition to VWs it is churning out at a new factory here, the company's chief executive said on Tuesday.

* Google Inc and Citigroup Inc said they will each invest $55 million in an inland California wind farm they said will be the country's largest by the end of the year.

* Google Inc is expected to disclose details about how consumers will be able to make store purchases, redeem coupons, and get loyalty points by waving smartphones in front of a small reader at the checkout counter, said people familiar with the matter. (Compiled by Isheeta Sanghi; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)


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n">May 25 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

* Banks are looking to hold onto their influence over consumers, who are increasingly shunning checks and cash, turning instead to new nonbank technologies to spend their money. The new service from Bank of America Corp , Wells Fargo & Co and J.P. Morgan Chase & Co takes aim at the popular PayPal offering.

* American International Group Inc and the United States Treasury sold $8.7 billion in shares Tuesday in a landmark stock offering that eked out a small profit for taxpayers and began the government's exit from the insurer 2 and a half years after its record bailout.

* Federal prosecutors are investigating several former Avon Products Inc employees, raising the prospect of criminal charges in an ongoing probe into allegations the company bribed foreign officials, people familiar with the matter said.

* Three years after launching a probe to determine whether the 2008 oil-market frenzy was fueled by excessive speculation, the United States alleged that two traders and their firms operated an international plot to manipulate prices.

* State attorneys general told five of the nation's largest banks on Tuesday they face a potential liability of at least $17 billion in civil lawsuits if a settlement isn't reached to address improper foreclosure practices, according to people familiar with the matter.

* Italian auto maker Fiat SpA is mulling a plan to quickly take a majority stake in Chrysler Group LLC by purchasing shares from the U.S. Treasury and a United Auto Workers health trust fund, people familiar with the matter said.

* Amazon.com Inc launched another version of its popular Kindle electronic reader that is cheaper, but that comes with on-screen ads.

* NASA designated a four-person space capsule built by Lockheed Martin Corp as its likely premier exploration vehicle to take future astronauts beyond earth orbit.

* Medtronic Inc's fiscal fourth-quarter earnings fell 19%, hit by restructuring costs linked to recent job cuts, while sales edged higher despite continued growth challenges in markets for implantable defibrillators and spinal devices.

* Barnes & Noble Inc , weighing an offer to be acquired by Liberty Media Corp , launched its latest salvo in the digital-book wars Tuesday with a new touch-screen version of its Nook e-reader.

* The head of Boeing Co said Tuesday that the keenly awaited replacement to its best-selling 737 aircraft family would be only "modestly bigger" than the existing jets if it opted to build an all-new plane this decade.

* Volkswagen AG will decide in the next 12 months whether it will build Audi luxury cars in the U.S. in addition to VWs it is churning out at a new factory here, the company's chief executive said on Tuesday.

* Google Inc and Citigroup Inc said they will each invest $55 million in an inland California wind farm they said will be the country's largest by the end of the year.

* Google Inc is expected to disclose details about how consumers will be able to make store purchases, redeem coupons, and get loyalty points by waving smartphones in front of a small reader at the checkout counter, said people familiar with the matter. (Compiled by Isheeta Sanghi; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)


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luni, 23 mai 2011

Wall Street stock index futures point to falls

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* U.S. stock index futures pointed to a lower open for Wall Street on Monday, with futures for the S&P 500 SPc1, Dow Jones DJc1 futures and Nasdaq futures NDc1 down 1 to 1.1 percent by 0920 GMT.

* Concerns lingered over possible debt restructuring in Greece and contagion for other euro zone countries after Fitch downgraded Greece's debt ratings on Friday and S&P cut the credit outlook for Italy to negative on Saturday.

* Adding to the worries, Spain's ruling Socialists, reeling from losses in local elections, now face a balancing act between voter anger over sky-high unemployment and investor demands for strict austerity measures. [ID:nLDE74L06L]

* Commodity prices were pressured by a broad rise in the dollar, as appetite for riskier assets eased across the board.

* On the economic front, the Chicago Fed national activity index for April is due at 1230 GMT.

* Campbell Soup CBP.N will release third-quarter results that are expected to show earnings per share (EPS) at $0.52 against $0.54 a year ago.

* U.S. stocks fell on Friday on euro-zone debt worries, with retailers losing ground after a weak profit outlook from Gap.

* U.S. retailer Wal-Mart Stores (WMT.N) is setting up a team in London to drive expansion into Europe, The Independent on Sunday newspaper reported. [ID:nLDE74L0FP]

* Foxconn Technology Co Ltd (2354.TW) on Sunday confirmed that a third person has died following a large explosion at a plant in southwestern China on Friday that local media have linked to production of Apple's iPad 2. [ID:nN22240885]

* In Europe, the pan-European FTSEurofirst 300 .FTEU3 index of top shares was down 1.5 percent at 1,118.66 points in early trade. (Reporting by Harpreet Bhal; Editing by Will Waterman)


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* U.S. stock index futures pointed to a lower open for Wall Street on Monday, with futures for the S&P 500 SPc1, Dow Jones DJc1 futures and Nasdaq futures NDc1 down 1 to 1.1 percent by 0920 GMT.

* Concerns lingered over possible debt restructuring in Greece and contagion for other euro zone countries after Fitch downgraded Greece's debt ratings on Friday and S&P cut the credit outlook for Italy to negative on Saturday.

* Adding to the worries, Spain's ruling Socialists, reeling from losses in local elections, now face a balancing act between voter anger over sky-high unemployment and investor demands for strict austerity measures. [ID:nLDE74L06L]

* Commodity prices were pressured by a broad rise in the dollar, as appetite for riskier assets eased across the board.

* On the economic front, the Chicago Fed national activity index for April is due at 1230 GMT.

* Campbell Soup CBP.N will release third-quarter results that are expected to show earnings per share (EPS) at $0.52 against $0.54 a year ago.

* U.S. stocks fell on Friday on euro-zone debt worries, with retailers losing ground after a weak profit outlook from Gap.

* U.S. retailer Wal-Mart Stores (WMT.N) is setting up a team in London to drive expansion into Europe, The Independent on Sunday newspaper reported. [ID:nLDE74L0FP]

* Foxconn Technology Co Ltd (2354.TW) on Sunday confirmed that a third person has died following a large explosion at a plant in southwestern China on Friday that local media have linked to production of Apple's iPad 2. [ID:nN22240885]

* In Europe, the pan-European FTSEurofirst 300 .FTEU3 index of top shares was down 1.5 percent at 1,118.66 points in early trade. (Reporting by Harpreet Bhal; Editing by Will Waterman)


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* U.S. stock index futures pointed to a lower open for Wall Street on Monday, with futures for the S&P 500 SPc1, Dow Jones DJc1 futures and Nasdaq futures NDc1 down 1 to 1.1 percent by 0920 GMT.

* Concerns lingered over possible debt restructuring in Greece and contagion for other euro zone countries after Fitch downgraded Greece's debt ratings on Friday and S&P cut the credit outlook for Italy to negative on Saturday.

* Adding to the worries, Spain's ruling Socialists, reeling from losses in local elections, now face a balancing act between voter anger over sky-high unemployment and investor demands for strict austerity measures. [ID:nLDE74L06L]

* Commodity prices were pressured by a broad rise in the dollar, as appetite for riskier assets eased across the board.

* On the economic front, the Chicago Fed national activity index for April is due at 1230 GMT.

* Campbell Soup CBP.N will release third-quarter results that are expected to show earnings per share (EPS) at $0.52 against $0.54 a year ago.

* U.S. stocks fell on Friday on euro-zone debt worries, with retailers losing ground after a weak profit outlook from Gap.

* U.S. retailer Wal-Mart Stores (WMT.N) is setting up a team in London to drive expansion into Europe, The Independent on Sunday newspaper reported. [ID:nLDE74L0FP]

* Foxconn Technology Co Ltd (2354.TW) on Sunday confirmed that a third person has died following a large explosion at a plant in southwestern China on Friday that local media have linked to production of Apple's iPad 2. [ID:nN22240885]

* In Europe, the pan-European FTSEurofirst 300 .FTEU3 index of top shares was down 1.5 percent at 1,118.66 points in early trade. (Reporting by Harpreet Bhal; Editing by Will Waterman)


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