MARKETS 'N MONEY

tag:blogger.com,1999:blog-919210712308842722009-02-28T23:57:08.058-08:00MARKETS 'N MONEYBlogging about the Markets and Money!Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.comBlogger265125tag:blogger.com,1999:blog-91921071230884272.post-76685683342242552452009-01-13T16:32:00.000-08:002009-01-30T00:24:24.014-08:002009-01-30T00:24:24.014-08:00Morgan Stanley, Citi disclose venture<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_YqYaSbT8xWI/SW01Olb-a8I/AAAAAAAACzA/aQBYmbdqWG0/s1600-h/citi.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 213px;" src="http://4.bp.blogspot.com/_YqYaSbT8xWI/SW01Olb-a8I/AAAAAAAACzA/aQBYmbdqWG0/s320/citi.jpg" alt="" id="BLOGGER_PHOTO_ID_5290943661914090434" border="0" /></a><br /><a href="http://http//www.msnbc.msn.com/id/28642394/">Citigroup, Inc</a>. is said to have been taking its first and major step in reorganizing the entire company as it recently disclosed an agreement, a venture with <a href="http://http//newsticker.welt.de/?module=smarthouse&id=832368">Morgan Stanley</a>.<br /><br />Citigroup also plans to substantially trim proprietary trading, which had been consuming significant amounts of scarce capital. The new strategy is expected to be announced when the bank reports fourth-quarter results Jan. 22, the Journal reported.<br /><br />Shares of Citigroup rose 5.4% to $5.90 Tuesday, reversing losses from earlier in the day. Morgan Stanley shares added 7 cents to close at $18.86.<br /><br /><a href="http://www.blogger.com/http//www.marketwatch.com/news/story/Citi-takes-first-step-could/story.aspx?guid=%7B47DFDEBB-1325-4B92-904C-F38B4588F5C0%7D">more...</a>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-34368580768933472062009-01-12T18:34:00.000-08:002009-01-30T03:39:26.067-08:002009-01-30T03:39:26.067-08:00Global Economy to slow this year, will recover on 2010<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_YqYaSbT8xWI/SWwBGtJX_fI/AAAAAAAACyY/J6P_UcSJcS4/s1600-h/JeanClaudeTrichet.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 235px; height: 320px;" src="http://4.bp.blogspot.com/_YqYaSbT8xWI/SWwBGtJX_fI/AAAAAAAACyY/J6P_UcSJcS4/s320/JeanClaudeTrichet.jpg" alt="" id="BLOGGER_PHOTO_ID_5290604876963249650" border="0" /></a><br />European Central Bank President <a href="http://http//www.bloomberg.com/apps/news?pid=20601068&sid=ac1fPrGjyo6s&refer=home">Jean-Claude Trichet </a>predicted that the year 2009 will be a gloomy year for <a href="http://http//www.theaustralian.news.com.au/business/story/0,28124,24906258-36418,00.html">global economy</a> but will make a recovery comes 2010.<br /><br /><br />In general, central bankers were still keen to make sure inflation expectations remained solidly anchored, he said.<p class="textBodyBlack"><span id="byLine"></span>Trichet made no comment on ECB interest rates before a policy meeting on Thursday, when analysts expect the Governing Council to cut euro zone rates -- currently the highest in the Group of Seven -- by another 50 basis points to 2.0 percent.</p><p class="textBodyBlack"><a href="http//www.cnbc.com/id/28618039">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-48094040211643801082009-01-11T21:33:00.000-08:002009-01-11T21:43:13.058-08:002009-01-11T21:43:13.058-08:002.6m lost US jobs in 2008<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_YqYaSbT8xWI/SWrYYwqmsKI/AAAAAAAACxw/VolF3rFWObA/s1600-h/job.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 240px; height: 239px;" src="http://2.bp.blogspot.com/_YqYaSbT8xWI/SWrYYwqmsKI/AAAAAAAACxw/VolF3rFWObA/s320/job.jpg" alt="" id="BLOGGER_PHOTO_ID_5290278632192127138" border="0" /></a><br />The<a href="http://http//www.forbes.com/home/2009/01/09/nonfarm-payroll-update-markets-econ-cx_md_0109markets14.html"> total loss jobs in the US </a>for the year 2008 was estimated to 2.6 million, and have been said to be the <a href="http://http//www.theregister.co.uk/2009/01/09/us_december_job_losses/">worst year for jobs </a>since 1945.<br /><br /><br /><p>The unemployment rate rose to 7.2% last month from 6.7% in November - its highest rate since January 1993.</p><p>The steep annual drop in jobs marked the highest yearly job-loss total since 1945, the year in which World War II ended. </p><p><a href="http://http//money.cnn.com/2009/01/09/news/economy/jobs_december/index.htm?cnn=yes">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-61714353210924567192009-01-07T18:23:00.000-08:002009-01-07T18:39:50.846-08:002009-01-07T18:39:50.846-08:00Obama plans substantial overhaul of financial markets<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_YqYaSbT8xWI/SWVnZbX6e7I/AAAAAAAACxI/nWXLe7v8Cuw/s1600-h/Barack+Obama+Capitol.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 256px; height: 320px;" src="http://3.bp.blogspot.com/_YqYaSbT8xWI/SWVnZbX6e7I/AAAAAAAACxI/nWXLe7v8Cuw/s320/Barack+Obama+Capitol.jpg" alt="" id="BLOGGER_PHOTO_ID_5288747023958965170" border="0" /></a><br />"<a href="http://http//www.marketwatch.com/news/story/obama-says-financial-regulation-needs/story.aspx?guid=%7BD9FFBF58-7949-42C6-BEDF-2457197A0B02%7D&dist=msr_1">Substantial Overhauling</a>" might happen to financial markets in the coming months soon after the inauguration of the president elect<a href="http://http//www.timesonline.co.uk/tol/news/world/us_and_americas/article5469204.ece"> Barack Obama</a> as claimed that <a href="http://http//www.thestreet.com/story/10456603/1/wall-street-deflates-3-on-jobs-data-profit-warnings.html?cm_ven=GOOGLEN">Wall Street</a> has not worked, so its need a substantial overhauling which will include major twist in some regulatory agency.<br /><br /><br />Obama also said he wants to avoid living in a "bubble" and will pay close attention to how financial markets react to his policies.<p class="textBodyBlack"><span id="byLine"></span>"Given the sensitivities of the market, I've got to pay some attention to market psychology," he said. "Because part of what we have right now is such a loss of trust both in the marketplace and in government. Restoring that trust— restoring that confidence—is going to be very important."</p><p class="textBodyBlack"><a href="http://http//www.cnbc.com/id/28543570">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-38781717442107835552009-01-06T16:42:00.000-08:002009-01-06T16:54:34.221-08:002009-01-06T16:54:34.221-08:00ALCOA to cut jobs, slash operations<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_YqYaSbT8xWI/SWP9Jg2ja-I/AAAAAAAACwY/5J8sH2Q8HSk/s1600-h/Alcoa+Logo_60+years_BW.JPG"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 286px; height: 320px;" src="http://3.bp.blogspot.com/_YqYaSbT8xWI/SWP9Jg2ja-I/AAAAAAAACwY/5J8sH2Q8HSk/s320/Alcoa+Logo_60+years_BW.JPG" alt="" id="BLOGGER_PHOTO_ID_5288348727342492642" border="0" /></a><br />One of the US largest aluminum producers, <a href="http://http//www.bloomberg.com/apps/news?pid=20601087&sid=auZrAE4tRJsg&refer=home">Alcoa</a> is reportedly cutting almost 15, 200 thousands jobs and would <a href="http://http//www.guardian.co.uk/business/feedarticle/8204097">slash major operations</a> due to global economic downturn.<br /><br /><br />"Alcoa is going to get hit by some really big metal price declines and the only way to fix it is to reduce output," said analyst Charles Bradford, of Bradford Research/Soleil.<p class="textBodyBlack"><span id="byLine"></span>"I think they need to do more. That's the only thing you can do to get the price going." Kevin Kruszenski, head of listed trading at KeyBanc Capital Markets in Cleveland, said the cuts could help Alcoa in the long run.</p><p class="textBodyBlack"><a href="http://http//www.cnbc.com/id/28527314">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-73517356880351829372009-01-05T04:20:00.000-08:002009-01-05T04:34:35.841-08:002009-01-05T04:34:35.841-08:00Obama readies push for recovery plan, includes massive tax cuts<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_YqYaSbT8xWI/SWH-UdCUB8I/AAAAAAAACvw/seimwZcZ3Uo/s1600-h/obama.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 240px;" src="http://1.bp.blogspot.com/_YqYaSbT8xWI/SWH-UdCUB8I/AAAAAAAACvw/seimwZcZ3Uo/s320/obama.jpg" alt="" id="BLOGGER_PHOTO_ID_5287787064854841282" border="0" /></a><br />A <a href="http://http//www.thebigmoney.com/features/todays-business-press/2009/01/05/obama-readies-massive-tax-cuts">massive tax cuts</a> in the US is included in the <a href="http://http//www.businessday.co.za/articles/topstories.aspx?ID=BD4A912457">recovery plan</a> by the new US President-elect <a href="http://http//www.voanews.com/english/2009-01-03-voa13.cfm">Barack Obama</a> as he will meet on Monday with leaders of both parties to discuss the possibility of the plan. The new administration will likewise tackle renewable energy and infra projects.<br /><br /><br /><p>Obama offered his most detailed sketch yet of his proposal, which he called the American Recovery and Reinvestment Plan, in his weekly radio and video address on Saturday. He said he would propose to:</p><ul><li>provide tax breaks to workers;</li><li>double renewable energy production and make public buildings more energy efficient; </li><li>rebuild crumbling roads, bridges and schools; </li><li>computerize the health care system; </li><li>and modernize classrooms, labs and libraries.</li></ul><a href="http://http//money.cnn.com/2009/01/05/news/economy/obama_stimulus/index.htm?cnn=yes">more...</a>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-18619794983384733282009-01-01T18:48:00.000-08:002009-01-01T19:04:51.232-08:002009-01-01T19:04:51.232-08:00Investors still hoping for positive stocks in 2009<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_YqYaSbT8xWI/SV2EBlBn0YI/AAAAAAAACvI/YGDVVYiJ-lI/s1600-h/us+stocks.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 236px;" src="http://1.bp.blogspot.com/_YqYaSbT8xWI/SV2EBlBn0YI/AAAAAAAACvI/YGDVVYiJ-lI/s320/us+stocks.jpg" alt="" id="BLOGGER_PHOTO_ID_5286526700256481666" border="0" /></a><br />The year 2008 had been a worst year for some investors as it witnessed a downfall on its <a href="http://http//www.guardian.co.uk/business/feedarticle/8175000">stocks</a>. However, some of these<a href="http://http//washingtontimes.com/news/2009/jan/01/wall-street-rout-reverberates-as-investors-regroup/"> investors</a> are still expecting positive gains as the year 2009 comes in.<br /><br /><br />Amid the low expectations, Obama has said signing a major economic stimulus package will be his priority when he takes over the presidency on Jan. 20. The package aims to generate 3 million new jobs and could cost $775 billion or more.<p class="textBodyBlack"><span id="byLine"></span>Obama has touted infrastructure building as a target area for government spending, prompting some analysts to point to related shares, such as Caterpillar , as being possible leaders in 2009.</p><p class="textBodyBlack"><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-58281499336013835222008-12-18T05:23:00.000-08:002008-12-18T05:33:17.360-08:002008-12-18T05:33:17.360-08:00White House plans auto bailout by Christmas<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_YqYaSbT8xWI/SUpRDloAC0I/AAAAAAAACuo/LVSfA70aHuY/s1600-h/US.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 244px; height: 183px;" src="http://3.bp.blogspot.com/_YqYaSbT8xWI/SUpRDloAC0I/AAAAAAAACuo/LVSfA70aHuY/s320/US.jpg" alt="" id="BLOGGER_PHOTO_ID_5281122635126672194" border="0" /></a><br />The Bush administration, particularly the US Treasury is painstakingly working with the<a href="http://http//www.foxnews.com/politics/2008/12/16/white-house-nears-decision-auto-bailout/"> auto bailout plan </a>to rescue the big 3 automakers in US. The administration appeared to want an agreement with the big 3 before Christmas day.<br /><br />In recent days, however, administration officials and company executives have sequestered themselves, offering only the slightest hints of what they are discussing, as market analysts speculate about how long G.M. and Chrysler can survive without a government lifeline. <p class="textBodyBlack"><span id="byLine"></span>Ed Gillespie, a senior adviser to President Bush, told Fox News on Wednesday that an announcement on aid was not necessarily imminent. “There will be a decision obviously by the end of the year,” he said. President Bush in a separate interview said he would make a decision “relatively soon.”<br /></p><p class="textBodyBlack"><a href="http://http//www.cnbc.com/id/28292857">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-74934260117992344652008-12-14T18:10:00.000-08:002008-12-14T18:24:03.176-08:002008-12-14T18:24:03.176-08:00White house plans to bail out the big 3 US automakers<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_YqYaSbT8xWI/SUW_vUR1MjI/AAAAAAAACL8/J0McclWfQTg/s1600-h/big+3.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 240px;" src="http://2.bp.blogspot.com/_YqYaSbT8xWI/SUW_vUR1MjI/AAAAAAAACL8/J0McclWfQTg/s320/big+3.jpg" alt="" id="BLOGGER_PHOTO_ID_5279836957780030002" border="0" /></a><br />The <a href="http://http//www.thespectrum.com/article/20081214/OPINION/81214001">White House</a>, particularly the US Treasury is targeting a bailout for the so called<a href="http://http//voanews.com/english/2008-12-13-voa19.cfm"> big 3 US automakers</a> as it envisioned to rescue the big 3 out from bankruptcy. but the bush administration may utilize the taxpayers dollars to do the program.<br /><br /><br /><p>One possible scenario: President Bush could loan money through early January, leaving it to the new Congress to try again to approve loans for the industry before the Jan. 20 inauguration of President-elect Obama. </p><p>The new Senate, which will be sworn in Jan. 6, will have at least seven additional Democrats, perhaps as many as nine, who are not now in office.</p><p><a href="http://http//money.cnn.com/2008/12/12/news/companies/auto_future/index.htm?postversion=2008121209">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-65975550248017301582008-12-11T21:31:00.000-08:002008-12-11T21:41:55.664-08:002008-12-11T21:41:55.664-08:00US auto rescue plan collapsed<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_YqYaSbT8xWI/SUH5jlFhp-I/AAAAAAAACLU/xZaSIfpHJ68/s1600-h/Alfa-USA.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 315px;" src="http://3.bp.blogspot.com/_YqYaSbT8xWI/SUH5jlFhp-I/AAAAAAAACLU/xZaSIfpHJ68/s320/Alfa-USA.jpg" alt="" id="BLOGGER_PHOTO_ID_5278774627900958690" border="0" /></a><br />If not for a dispute over union wages, the lifeline to save the so called big three <a href="http://http//www.reuters.com/article/americasDealsNews/idUSTRE4BA76W20081211">US automakers</a> will be pushed through. On Thursday night, the $14 billion bailout deal collapsed in the Senate.<br /><br /><br /><div class="p"> The collapse of the talks in the Senate means Obama will have a much greater say in how to aid the companies. He will be sworn in as president on Jan. 20.<br /><br /></div> <div class="p"> The bill passed by the House would create a White House-chosen "car czar" for the auto industry, empowered to hold the companies accountable for developing long-term viability plans. The car czar would be able to require immediate repayment of the loans if the companies don't make adequate progress by Feb. 15. Final restructuring plans would be due March 31.<br /><br /><a href="http://http//www.marketwatch.com/news/story/Automakers-bailout-falls-apart-Senate/story.aspx?guid=%7B01358784-ABDC-4333-8C55-2FA96BB138AE%7D">more...</a><br /></div>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-64504933504382598502008-12-11T03:45:00.000-08:002008-12-11T04:01:56.563-08:002008-12-11T04:01:56.563-08:00US Auto rescue plan passed<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_YqYaSbT8xWI/SUEBHJ6od1I/AAAAAAAACKs/ncTiNaqQ9yY/s1600-h/GM.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 174px;" src="http://4.bp.blogspot.com/_YqYaSbT8xWI/SUEBHJ6od1I/AAAAAAAACKs/ncTiNaqQ9yY/s320/GM.jpg" alt="" id="BLOGGER_PHOTO_ID_5278501460687484754" border="0" /></a><br />A <a href="http://http//money.cnn.com/news/newsfeeds/articles/djf500/200812102108DOWJONESDJONLINE000945_FORTUNE5.htm">14 billion US government rescue plan </a>for American automobile industry was passed in the US House. The bailout plan aimed to help the deteriorating conditions of automoblie industry, particularly <a href="http://http//www.bloomberg.com/apps/news?pid=20601087&sid=aFHp8xmezjY4&refer=home">General Motors</a> and Chrysler.<br /><br /><br /><br />Some Congressional Democrats speculated that if Senate Republicans were kill the rescue plan, the Treasury secretary, <a href="http://topics.nytimes.com/top/reference/timestopics/people/p/henry_m_jr_paulson/index.html?inline=nyt-per" title="More articles about Henry M. Paulson Jr.">Henry M. Paulson</a>, Jr., would have no choice but to keep <a href="http://topics.nytimes.com/top/news/business/companies/general_motors_corporation/index.html?inline=nyt-org" title="More information about General Motors Corporation">G.M.</a> and Chrysler afloat, at least until the new Congress begins early next month and wider Democratic majorities are sworn into office.<br /><br /><a href="http://http//www.nytimes.com/2008/12/11/business/11auto.html?_r=1&ref=business">more....</a>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-22539858551896795572008-12-09T19:31:00.000-08:002008-12-09T19:41:18.072-08:002008-12-09T19:41:18.072-08:00Most asian markets experience moderate gains<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_YqYaSbT8xWI/ST86UYRvJvI/AAAAAAAACKE/KzL1TKoGptU/s1600-h/asian+markets.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 264px;" src="http://2.bp.blogspot.com/_YqYaSbT8xWI/ST86UYRvJvI/AAAAAAAACKE/KzL1TKoGptU/s320/asian+markets.jpg" alt="" id="BLOGGER_PHOTO_ID_5278001410090149618" border="0" /></a><br />Most of the <a href="http://http//money.cnn.com/news/newsfeeds/articles/djhighlights/200812090441DOWJONESDJONLINE000117.htm">Asian Markets</a>, including the Pacific Markets have seen and experienced a slight upswing on its market tradings on Wednesday, but the Hong Kong Hang Seng index dropped 2 percent on its opening.<br /><br /><br /><p> Market breadth was positive. On the New York Stock Exchange, winners beat losers by four to one on volume of 1.13 billion shares. On the Nasdaq, advancers topped decliners by over five to two on volume of 1.74 billion shares.</p><p> Treasury prices slipped, raising the yield on the benchmark 10-year note to 2.71 percent from 2.70 percent late Friday. The 10-year yield dipped below 3 percent last month for the first time since the note was first issued in 1962. Treasury prices and yields move in opposite directions.</p><p><a href="http://http//edition.cnn.com/2008/WORLD/asiapcf/12/09/global.markets/index.html">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-91830346429832419362008-12-09T02:42:00.000-08:002008-12-09T02:55:26.579-08:002008-12-09T02:55:26.579-08:00Sony to cut 8000 jobs<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_YqYaSbT8xWI/ST5OkEO8U3I/AAAAAAAACJc/wR_Ho1aVdzU/s1600-h/20060105-IMG_2775-StringerSony-320.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 276px; height: 320px;" src="http://1.bp.blogspot.com/_YqYaSbT8xWI/ST5OkEO8U3I/AAAAAAAACJc/wR_Ho1aVdzU/s320/20060105-IMG_2775-StringerSony-320.jpg" alt="" id="BLOGGER_PHOTO_ID_5277742194843472754" border="0" /></a><br />Japan's <a href="http://http//www.bloomberg.com/apps/news?pid=20601085&sid=aF1_IdY1za14&refer=europe">Sony</a> is expected to cut almost 4 percent of its workforce, totaling to 8000. The cutting of jobs was due to the effect of financial crisis that likewise hit the electronic products.<br /><br /><br /><br />The restructuring is a setback for Chief Executive Howard Stringer, who had implemented a major restructuring after taking the helm in 2005 and until recently seemed to have put the company on a recovery track.<p class="textBodyBlack"><span id="byLine"></span>It also underlines the grim outlook for Sony and its rivals during the year-end shopping season as the financial crisis grows into a broad recession that has already engulfed the United States, parts of Europe and Japan..</p><p class="textBodyBlack"><a href="http://http//www.cnbc.com/id/28126900">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-13829151506039204172008-12-07T21:39:00.000-08:002008-12-07T22:18:41.367-08:002008-12-07T22:18:41.367-08:00Layoffs expected to slam Wall Street<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_YqYaSbT8xWI/STy746McyCI/AAAAAAAACI0/uSqv5jmuWBU/s1600-h/us+jobless.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 236px;" src="http://2.bp.blogspot.com/_YqYaSbT8xWI/STy746McyCI/AAAAAAAACI0/uSqv5jmuWBU/s320/us+jobless.jpg" alt="" id="BLOGGER_PHOTO_ID_5277299449739921442" border="0" /></a><br />The<a href="http://http//online.barrons.com/article/SB122852239295784329.html?mod=googlenews_barrons"> Wall Street</a> itself is expecting the recent<a href="http://http//www.forbes.com/topstories/2008/12/05/government-unemployment-update-markets-econ-cx_md_1205markets12.html"> slashing off of thousands of jobs</a> to slam the stock market, particularly in US.<br /><br /><br />Those layoffs will drain New York and other cities of vital tax dollars while swelling the fast-growing ranks of the nation's unemployed. U.S. employers cut 533,000 jobs in November — the most in 34 years — including 32,000 in the financial-services sector, the government said Friday.<br /><a href="http://http//www.cnbc.com/id/28099428"><br />more...</a>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-59784278496681213072008-11-16T20:44:00.000-08:002008-11-16T20:56:00.602-08:002008-11-16T20:56:00.602-08:00Japan is in recession, govt official confirms<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_YqYaSbT8xWI/SSD5NLE3UOI/AAAAAAAACIM/HXRyRMp7Cvo/s1600-h/japan+stocks.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 236px;" src="http://2.bp.blogspot.com/_YqYaSbT8xWI/SSD5NLE3UOI/AAAAAAAACIM/HXRyRMp7Cvo/s320/japan+stocks.jpg" alt="" id="BLOGGER_PHOTO_ID_5269485568730288354" border="0" /></a><br />The world's second largest economy<a href="http://http//www.rttnews.com/ArticleView.aspx?Id=777023">-Japan</a>, according to its top government official is indeed in recession as the <a href="http://http//www.bloomberg.com/apps/news?pid=20601087&sid=a8TRO7KQ7Kv4&refer=home">economy </a>once again fell another 0.1 percent in the third quarter aside from a 3 percent drop on the second quarter.<br /><br /><br /><p> Since Japan is such a big exporter of goods, a more robust yen hurts profits for Japanese firms as sales from abroad get translated back into yen. The more that the yen has climbed, the worse Japan's stock market has performed, which has resulted in a ripple effect on European and U.S. exchanges.</p> After an early selloff Monday, Japan's Nikkei 225 stock index rebounded with a gain of about 2 percent late in the morning.<br /><a href="http://http//edition.cnn.com/2008/BUSINESS/11/16/japan.recession/index.html">more...</a>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com1tag:blogger.com,1999:blog-91921071230884272.post-24067829115779349232008-11-12T18:49:00.001-08:002008-11-12T19:33:03.505-08:002008-11-12T19:33:03.505-08:00US treasury leaves original $700bn strategy<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_YqYaSbT8xWI/SRueDbH8hHI/AAAAAAAACHk/72nQNEEwCxU/s1600-h/12paulson3-600.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 177px;" src="http://3.bp.blogspot.com/_YqYaSbT8xWI/SRueDbH8hHI/AAAAAAAACHk/72nQNEEwCxU/s320/12paulson3-600.jpg" alt="" id="BLOGGER_PHOTO_ID_5267977970797806706" border="0" /></a><br />Before the Bush administration expires two months from now, the <a href="http://http//www.cnbc.com/id/27680421">US treasury</a> has already sketched and shifted to a new lending program which aim at unlocking the consumer credit market. The plan was pushed through due to the failure of the first 700 billion strategy rescue plan.<br /><p>As envisioned, the Treasury would put up about 5 percent of the money that a company would use for lending and private investors would put up perhaps 20 times that much by buying bonds issued by the new program.</p>Despite the mind-boggling amount of money that Congress has authorized the Treasury to spend — $350 billion immediately, and another $350 billion that Congress would approve under a fast-track procedure — Mr. Paulson is running short of money and time.<br /><a href="http://http//www.nytimes.com/2008/11/13/business/economy/13bailout.html?_r=1&ref=business&oref=slogin">more...</a>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-81932007629771921282008-11-11T18:01:00.000-08:002008-11-11T18:08:24.490-08:002008-11-11T18:08:24.490-08:00Asian stocks fall to two week low on worsening global economic outlook<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_YqYaSbT8xWI/SRo6hVN-DRI/AAAAAAAACG8/XUW1LBjdApM/s1600-h/asian+stocks.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 219px;" src="http://4.bp.blogspot.com/_YqYaSbT8xWI/SRo6hVN-DRI/AAAAAAAACG8/XUW1LBjdApM/s320/asian+stocks.jpg" alt="" id="BLOGGER_PHOTO_ID_5267587058469047570" border="0" /></a><br />Most of the <a href="http://http//ap.google.com/article/ALeqM5h3kgMAkbLwyfxBdjzw8Pc4KZ7DhQD94CLBBG0">Asian stocks</a> are reportedly suffering from great decline for almost two weeks now due to worsening global economic outlook.<br /><br /><p>In the U.S., the Standard & Poor's 500 Index dropped 2.2 percent yesterday. General Motors Corp. sank to the lowest price since 1943 as the automaker crept closer to bankruptcy. Insurers dropped after Goldman Sachs Group Inc. said investment losses may force them to raise more capital and threaten credit ratings. </p> <p>Crude oil for December delivery fell 0.6 percent to $58.95 a barrel recently on the New York Mercantile Exchange on speculation the International Energy Agency will cut its 2009 oil-demand forecast because of slowing economic growth.<br /></p><p><a href="http://http//www.bloomberg.com/apps/news?pid=20601087&sid=aInVMZOcsUhk&refer=home">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-24006937197066517532008-11-10T18:03:00.000-08:002008-11-10T18:14:55.194-08:002008-11-10T18:14:55.194-08:00DHL-US to cut 9500 jobs<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_YqYaSbT8xWI/SRjqkJC3bqI/AAAAAAAACGU/AnHKYQ8i6uY/s1600-h/DHL.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 187px;" src="http://2.bp.blogspot.com/_YqYaSbT8xWI/SRjqkJC3bqI/AAAAAAAACGU/AnHKYQ8i6uY/s320/DHL.jpg" alt="" id="BLOGGER_PHOTO_ID_5267217670833925794" border="0" /></a><br />Global delivery company <a href="http://http//www.newsday.com/services/newspaper/printedition/tuesday/business/ny-bzdhl1112161945nov11,0,6424536.story">DHL</a> is forced<a href="http://http//www.wwmt.com/articles/time_1355577___article.html/financial_cutting.html"> to cut 9500 jobs </a>within United States but will continue to operate business to other countries. The company is dropping the US based or domestic-only jobs to minimize future uncertainties.<br /><br /><br /><p>"We see [a] significant shortfall in the U.S. part of our express business due to the fact that the economy has weakened deeply," said Frank Appel, chief executive of DHL's parent company Deutsche Post World Net. "We have taken a massive action in the U.S." </p><p>"As you can imagine, this was not an easy decision," said Appel, speaking by webcast from corporate headquarters in Bonn, Germany. "It has a massive impact on jobs for our people."</p><p><a href="http://http//money.cnn.com/2008/11/10/news/companies/dhl/index.htm?postversion=2008111015">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-51278538647259877462008-11-09T19:42:00.000-08:002008-11-09T19:52:48.901-08:002008-11-09T19:52:48.901-08:00China reveals massive stimulus plan to boost economy<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_YqYaSbT8xWI/SRewA7fLIFI/AAAAAAAACFs/M6tpGbkMyzs/s1600-h/4092china.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 193px;" src="http://4.bp.blogspot.com/_YqYaSbT8xWI/SRewA7fLIFI/AAAAAAAACFs/M6tpGbkMyzs/s320/4092china.jpg" alt="" id="BLOGGER_PHOTO_ID_5266871819248017490" border="0" /></a><br /><a href="http://http//news.xinhuanet.com/english/2008-11/10/content_10334944.htm">China</a>, the world's fourth largest economy is making its biggest move to guard its economy against global financial crisis. It recently announced <a href="http://http//www.cnbc.com/id/27633475">$586 billion stimulus plan package</a> as part of its plan to backup its ailing economic status.<br /><br /><br /><p> China's statement said the Cabinet, at a meeting chaired by Premier Wen Jiabao, had "decided to adopt active fiscal policy and moderately easy monetary policies."</p><p> The statement said the spending would focus on 10 areas. They included picking up the pace of spending on low-cost housing -- an urgent need in many parts of the country -- as well as increased spending on rural infrastructure.</p><p><a href="http://%20china%27s%20statement%20said%20the%20cabinet,%20at%20a%20meeting%20chaired%20by%20premier%20wen%20jiabao,%20had%20%22decided%20to%20adopt%20active%20fiscal%20policy%20and%20moderately%20easy%20monetary%20policies.%22%20%20the%20statement%20said%20the%20spending%20would%20focus%20on%2010%20areas.%20they%20included%20picking%20up%20the%20pace%20of%20spending%20on%20low-cost%20housing%20--%20an%20urgent%20need%20in%20many%20parts%20of%20the%20country%20--%20as%20well%20as%20increased%20spending%20on%20rural%20infrastructure./">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-5641802435330593272008-11-06T18:00:00.000-08:002009-01-12T21:01:36.531-08:002009-01-12T21:01:36.531-08:00Japan's stock dropped after global slide<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_YqYaSbT8xWI/SROlzGyHA0I/AAAAAAAACFE/QcZoyR8IzyA/s1600-h/japan.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 236px;" src="http://1.bp.blogspot.com/_YqYaSbT8xWI/SROlzGyHA0I/AAAAAAAACFE/QcZoyR8IzyA/s320/japan.jpg" alt="" id="BLOGGER_PHOTO_ID_5265734686738940738" border="0" /></a><p>Asia's financial crisis deepened today after Japan's Nikkei stock average fell almost 10% in its biggest single-day drop for more than 20 years.</p><p>The world's second-biggest economy was also rocked by the collapse of an established life insurer: Yamato Life Insurance becomes the country's first major victim of the US credit crunch.</p><p>The Nikkei, already reeling from a fall of almost 10% on Wednesday, shed 881 points, or 9.62%, to end the day at 8,276, its lowest close since May 2003. </p><p>The index has fallen by an average of 24% this week, more than double the weekly losses seen in the aftermath of the 1987 stock market crash. The Nikkei has lost 46% this year and nearly a quarter of its value since last Friday.</p><p>"Selling is unstoppable in New York and Tokyo," said <meta equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 12"><meta name="Originator" content="Microsoft Word 12"><link rel="File-List" href="file:///C:%5CUsers%5CTasmit%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_filelist.xml"><link rel="themeData" href="file:///C:%5CUsers%5CTasmit%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_themedata.thmx"><link rel="colorSchemeMapping" href="file:///C:%5CUsers%5CTasmit%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_colorschememapping.xml"><style>  </style><span style="font-size: 14pt; line-height: 115%; font-family: "Times New Roman","serif";" lang="EN-US">Kido Takashi</span>, a senior strategist at <a href="http://www.nextfutures.com">NEXT Futures</a>. "Investors were gripped by fear."</p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-53907242736282255662008-11-05T20:58:00.001-08:002008-11-05T21:20:04.957-08:002008-11-05T21:20:04.957-08:00what stock could fare best in Wall Street on Obama Adminnistration<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_YqYaSbT8xWI/SRJ-ePd6kYI/AAAAAAAACEc/-Jbubr3_mfs/s1600-h/obama.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 241px;" src="http://3.bp.blogspot.com/_YqYaSbT8xWI/SRJ-ePd6kYI/AAAAAAAACEc/-Jbubr3_mfs/s320/obama.jpg" alt="" id="BLOGGER_PHOTO_ID_5265409972362711426" border="0" /></a><br />With the new administration next year, <a href="http://http//money.cnn.com/2008/11/05/markets/markets_newyork/?postversion=2008110512">Wall Street</a> spectators, investors are trying to figure out what would be the best stocks that would shake and move the Wall Street.<br /><br /><br />An <a href="http://http//ap.google.com/article/ALeqM5gBnal6BbgrUhCMJ3UY5KnvNoRSdwD948LJOG0">Obama victory</a> also could get consumer confidence out of its doldrums and help a variety of sectors.<p class="textBodyBlack"><span id="byLine"></span>"The good news is the American public got the change they wanted yesterday," says Peter Miralles, president of Atlanta Wealth Management. "Consumer confidence is at all-time lows. We should see consumer confidence start to rise here, at least during the honeymoon."</p><p class="textBodyBlack"><a href="http://http//www.cnbc.com/id/27554951">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-55335201133129073282008-11-04T11:45:00.000-08:002008-11-04T12:12:12.879-08:002008-11-04T12:12:12.879-08:00US stocks rally on election day<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_YqYaSbT8xWI/SRCsjLngDsI/AAAAAAAACDk/-1rd2eVNQaU/s1600-h/mccain-obama.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 274px;" src="http://3.bp.blogspot.com/_YqYaSbT8xWI/SRCsjLngDsI/AAAAAAAACDk/-1rd2eVNQaU/s320/mccain-obama.jpg" alt="" id="BLOGGER_PHOTO_ID_5264897684809977538" border="0" /></a><br />And now, the race for US presidency is on! Americans are now heading to polling places to cast their votes. It is either Obama or McCain! Both are believed to have powers to push up the deteriorating <a href="http://http//www.voanews.com/english/2008-11-04-voa1.cfm">US economy</a>. Let us see if the<a href="http://http//www.cnbc.com/id/27536191"> US stock market</a> has changed even before the election commence.<br /><br /><p>Stocks rallied last week at the end of one of the <a href="http://money.cnn.com/2008/10/28/news/economy/october_stocks/index.htm?postversion=2008102808">worst months</a> in Wall Street history. For the week, the Dow was up 10.1%, the S&P 500 was up 9.5% and the Nasdaq had gained 9.8%.</p><p>"The election has been a source of worry for the market, so you're getting some relief that it's finally here," said Michael Church, senior portfolio manager at Church Capital.</p><p><a href="http://http//money.cnn.com/2008/11/04/markets/markets_newyork/">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-9546751247789298252008-11-02T14:18:00.000-08:002008-11-02T14:30:58.126-08:002008-11-02T14:30:58.126-08:00October is the ever-worst month for Wall Street<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_YqYaSbT8xWI/SQ4qEKKIc3I/AAAAAAAACDM/rox0zr84sCM/s1600-h/wall-street.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 290px; height: 281px;" src="http://1.bp.blogspot.com/_YqYaSbT8xWI/SQ4qEKKIc3I/AAAAAAAACDM/rox0zr84sCM/s320/wall-street.jpg" alt="" id="BLOGGER_PHOTO_ID_5264191265377383282" border="0" /></a><br />The month of October was in full red at <a href="http://http//ap.google.com/article/ALeqM5iApliCgTW4-Xuo6ed8cDfFXd45_AD945OSVG0">Wall Street</a> as October ends. This month was tagged as the worst-ever in the US stock markets as Dow jones was in wild ride and<a href="http://http//www.newsday.com/business/yourmoney/ny-bzstox025906921nov02,0,7887513.story"> S&P</a> lost 198 points.<br /><br /><p>The markets have suffered under the weight of a deteriorating housing market, an ongoing credit crisis, sluggish profits and falling commodity prices. Worst of all, economists say, is that there seems to be no end in sight.</p><p>"A combination of negative outlook and uncertainly is toxic for stock markets, and you've got both of those factors on steroids right now," said Jared Bernstein, senior economist with the Economic Policy Institute.</p><p><a href="http://http//money.cnn.com/2008/10/31/markets/october_stocks_tough_month/index.htm?postversion=2008103116">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-3230558815993755542008-10-30T19:43:00.000-07:002008-10-30T19:55:00.847-07:002008-10-30T19:55:00.847-07:00Japan reveals $275bn package to support economy<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_YqYaSbT8xWI/SQpzeYvK3FI/AAAAAAAACCc/Qg1PvBzemv8/s1600-h/japan+stocks.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 240px;" src="http://4.bp.blogspot.com/_YqYaSbT8xWI/SQpzeYvK3FI/AAAAAAAACCc/Qg1PvBzemv8/s320/japan+stocks.jpg" alt="" id="BLOGGER_PHOTO_ID_5263146080409410642" border="0" /></a><br /><a href="http://http//www.ft.com/cms/s/0/402eaa5c-a6eb-11dd-95be-000077b07658.html">Japan</a>, being tagged as the number two in global economy is now being wrapped with fears over the financial crisis. To ensure economic stability, Japan has recently announced <a href="http://http//economictimes.indiatimes.com/News/International_Business/Japan_PM_set_to_unveil_economic_package_hold_off_polls/articleshow/3653737.cms">$275 billion package </a>to support and maintain it economic status.<br /><br /><br /><p> The economic package comes on the heels of an ¥11.7 trillion supplementary budget approved by Parliament. That plan included help for fishermen and farmers to deal with high fuel prices, and assistance for part-time workers to find better jobs.</p><p> As the global financial crisis began to unfold earlier this year, Japan's economy looked to be in good shape compared to other advanced nations, avoiding major bank failures and bailouts.</p><p><a href="http://http//edition.cnn.com/2008/BUSINESS/10/30/japan.economy.stimulus.ap/index.html">more...</a><br /></p>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0tag:blogger.com,1999:blog-91921071230884272.post-12919487600896617952008-10-29T19:40:00.000-07:002008-10-29T20:00:04.328-07:002008-10-29T20:00:04.328-07:00Asian markets advance, South Korea rises to 10pc<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_YqYaSbT8xWI/SQkjIDu4BmI/AAAAAAAACB0/T-fcZNScAJE/s1600-h/asian+market.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 220px; height: 320px;" src="http://4.bp.blogspot.com/_YqYaSbT8xWI/SQkjIDu4BmI/AAAAAAAACB0/T-fcZNScAJE/s320/asian+market.jpg" alt="" id="BLOGGER_PHOTO_ID_5262776260906976866" border="0" /></a><br />Despite a moderate close in Thursday trading in <a href="http://http//www.forbes.com/markets/2008/10/29/briefing-outlook-gdp-markets-econ-cx_ss_1029markets37.html">Wall Street</a>, <a href="http://http//www.nytimes.com/2008/10/30/business/30markets.html?ref=worldbusiness">Asian markets</a> are reported to continue to advance, with South Korea gained of 10 percent on its stocks.<br /><br /><br /><br />The <b><strong>Shanghai Composite Index </strong></b>was a touch higher after China cut interest rates for the third time in six weeks. After the market closed on Wednesday, the Chinese central bank announced a 0.27 percentage point cut in both the benchmark rate for one-year loans by<br />commercial banks, to 6.66 percent, and in the rate on one-year certificates of<br />deposit, to 3.60 percent, starting from Thursday. The cut was widely expected, as the Chinese central bank's part of a worldwide effort to aid the faltering global economy, but analysts doubted it would significantly ease the stock market's key concerns at the moment, especially slumping earnings growth at listed Chinese companies.<br /><br /><a href="http://http//www.cnbc.com/id/27443674">more...</a>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0