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Stiri FORBES - Weekly Market Wrap: 7/30/10
Economic growth slumps in the second quarter. Gold miners set record revenues and profits on all-time highs in the price of gold. - Alcatel-Lucent Lights Up After Earnings
Company reports big rise in revenue, profits. - Smart Grid Fund Among Friday's Best-Looking ETFs
In trading on Friday, the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ETF is outperforming other ETFs, up about 2%. - Sunoco Shines, But Diummer Days Ahead
Analyst warns of challenging times ahead for industry after cost cuts drive strong quarter for refiner. - Monster Charges Higher
In trading on Friday, advertising agencies shares were relative leaders, up on the day by about 2%. - Trucking Firms Trail Friday
In trading on Friday, trucks & other vehicles shares were relative laggards, down on the day by about 1.7%. - Consumer Discretionary Fund Wins Popularity Contest
The iShares S&P Global Consumer Discretionary Sector Index Fund ETF saw unusual action Friday as volume jumped. - Northrop Execs Get Vote Of Confidence
BofA upgrades stock, citing defense firm's management's strong performance through tough period. - Frontier Communications Falls After Dividend Announcement
Firm cuts payout to 18. 75 cents per share, a decrease of about 25% from its prior dividend. - Downgrades: OPEN, GD, MOT
This morning, Bank of America downgraded shares of OpenTable (OPEN) from buy to neutral citing valuation. The stock has gained more than 75% year to date and could use a breather.
Stiri CNN Money - SEC vs. the media, round two
The Securities and Exchange Commission was not seeking a blanket exemption from public information laws, when it asked Congress to include a little known provision in the Wall Street reform law, the agency said in a letter to lawmakers Friday. - Treasurys rise on weaker GDP
A weaker-than-expected government report on the economy sent investors flocking back into Treasurys Friday, pushing the prices up on U.S. debt and driving yields down. - Northwest to pay $38 million cargo price-fixing fine
Northwest Airlines will plead guilty and pay a $38 million fine for conspiring to fix cargo rates, the Justice Department announced Friday. - Face Off: Test-driving Gillette's new razor
General Motors' legendary CEO Alfred P. Sloan invented the annual styling change when he ordered a new body for the 1923 Chevrolet to cover up the car's nine-year-old technology. The new design made the old model feel out-of-date and was the first step in GM's drive to pass Ford Motor and its unchanging Model T to become the largest automobile company in the world. - China says it tops Japan as No. 2 economy
China has surpassed Japan to become the world's second largest economy, lagging only behind the United States, a Chinese government official said in remarks published on Friday. - GM to boost Chevy Volt production
General Motors announced Friday that the automaker has raised its planned production of the Chevrolet Volt electric car to 45,000 in 2012. - Bulls tiptoe into homebuilder stocks
It takes a lot of courage to be a bull on homebuilder stocks these days. They exist, for sure. And they aren't on mind-bending drugs. In fact, they see the world much as the housing stock bears do. You won't find any uplifting messages in their reports on the economy and housing. - Worst job on Earth: BP calling all applicants
It could quite possibly be called the worst job on Earth -- and the position is open. - Consumers not spending like drunken sailors
The economy is heading nowhere fast. That's the bad news. But the good news is that it still seems like consumers may have actually learned a lesson or two about reckless fiscal behavior. - Recovery spin wars: White House vs. business
The Obama administration gave a positive spin to second-quarter economic numbers released Friday, with the administration's chief economist saying they show a "steady recovery from the recession continues." - Let's fund every entrepreneur
There was a great conversation Thursday at Y Combinator's AngelConf in Silicon Valley. Anthony Ha of Venturebeat had a couple posts on it that I just read, one on Paul Graham's comments, and another on Ron Conway and Mike Arrington's comments. I would have enjoyed being part of that discussion, so I'll join in now. - Why a flounder gigger's suit against BP is one to watch
Although it's probably not BP's top priority at the moment, an ominous lawsuit was filed against it last month in state court in Mobile, Alabama, by a man named Obie F. Carlisle. - Pay gap persists for African-Americans
African-American workers continue to earn far less than whites, according to statistics released by the U.S. Census Bureau. - Stocks: Best monthly gain in a year
Despite a mixed performance on Friday, stocks booked the best monthly gain in a year, with the Dow Jones industrial average and S&P 500 both rising nearly 7% in July. - How Amway weathered the storm, one sale at a time
Don't be fooled into thinking that direct sales are a thing of the past just because you haven't seen a pink Mary Kay Cadillac in a while. Amway is not only still alive and well, it's actually growing, even as many retailers continue to struggle. - U.S. recovery sputters
The U.S. economy continued to grow during the second quarter, the government reported Friday. But the pace slowed more than economists were expecting, raising concern about growth - or even another recession - in the months ahead. - BP's Hayward: 'I became a villain for doing the right thing'
Outgoing BP chief executive Tony Hayward is defending his leadership of the company in the aftermath of the oil rig explosion that killed 11 workers and led to the worst offshore spill in U.S. history. - SEC charges billionaire brothers with fraud
Two billionaire brothers face federal fraud charges for selling stock in companies which they helped oversee and then trying to conceal some $550 million in gains. - Stocks headed for early selloff
U.S. stocks were headed toward an early selloff Friday, following a weaker-than-expected reading on second-quarter economic growth. - Why spend $300 a night for a hotel?
Book a hotel in a popular destination and you know what to expect: a bed, a mini-fridge, and a big bill at checkout. In Europe's big cities, for example, you can easily spend anywhere from $150 to $300 a night (hotels in Florence average $205).
Stiri CNBC Video - CNBC special report: One nation, overweight
 Reversing an epidemic of childhood obesity will require the combined efforts of families, schools and the food and beverage industries, health advocates say. A CNBC Special Report.
- CNBC: Aging boomers face stark economics
 The recession, though devastating, will pass. But rising health care costs as baby boomers age may bring lasting harm to that generation’s financial well-being.
- CNBC: Two economic bubbles defined his life
 Entrepreneur John McAfee's story weaves through not one, but two bubbles that defined the economy as the old millennium ended and the new one began.
- CNBC: Google searches for mobile edge
 With more than four billion mobile phones worldwide, and a billion sold in 2008 alone, Google is hard at work on grabbing a big piece of that market. CNBC Special Report.
- CNBC: Coke looking for the next real thing
 with sales its flagship product flat, the company is scrambling to find the next blockbuster beverage. CNBC Special Report.
- CNBC: GE in talks to spin off NBC Universal
GE is in talks to spin off its NBC Universal unit; Comcast would hold a 51 percent stake in the new company, according to people familiar with the talks. CNBC’s David Faber reports. - Battle over wages brews at Wal-Mart
 Since its founding , retail giant Wal-Mart has blocked unions from its work force. But a bill before Congress could make that task more difficult. CNBC’s David Faber reports.
- CNBC report: Ultimate Fighting
 The sport of mixed martial arts was once too hot to handle. But Ultimate Fighting Championship impresario Dana White turned UFC into a fistfull of dollars. C NBC reports.
- CNBC Special Report: As Seen On TV
 Thirty years ago, the Ginsu knife helped launched the modern-day infomercial – a business that has thrived with the struggling economy. CNBC reports.
- Special Report: Cruise Inc.
 In today's turbulent economy, the multi-billion dollar cruise industry is investing in pricey overhauls to keep older vessels ship-shape for repeat customers. CNBC reports.
- Buffett: The economy has ‘fallen off a cliff’
 Billionaire Warren Buffett said unemployment will likely climb a lot higher depending upon how effective the nation’s policies are, but he remains optimistic over the long term.
- CNBC on the new black overclass
 CNBC takes a closer look at 'Newbos' - a new class of black multimillionaires, mostly under the age of 40, who have built wealth and influence in sports, entertainment and media.
- Housing boom was a house of cards
 In a special two-hour report, CNBC's David Faber takes an in-depth look at the causes of the ongoing collapse of the housing industry.
- Marijuana growers thrive in California
 The marijuana trade is an exploding industry in Northern California's 'Emerald Triangle' thanks to a state law legalizing the harvest of limited quantities of pot. CNBC's Trish Regan reports.
- Obama says stimulus proposal could grow
 In an interview with CNBC, President-elect Barack Obama said a planned economic stimulus plan could grow beyond $800 billion.
- Transcript of CNBC’s Barack Obama interview
 Below is the transcript of CNBC's John Harwood's Jan. 7 interview with President-elect Barack Obama.
- Porn industry seeks own stimulus ... package
 Seems everyone is lining up for a government handout, but in the case of the porn industry, you may wonder where the hands have been.
- A look inside the 'West Point' of capitalism
 For 100 years, it's been one of the most influential schools in the world. But what's it really like to go to Harvard Business School? CNBC takes a look in this special report.
- McDonald's has a big appetite for China
 McDonald’s has found a formula for success in China – but it hasn’t been an easy recipe. . By CNBC's Wally Griffith.
- Greenspan: Economy 'on the brink' of recession
 Former Fed Chairman Alan Greenspan said that the housing market is “nowhere near the bottom” and that the economy is “right on the brink” of slipping into recession.
Stiri New York Times - Top Headlines - Rich I.P.O. Brings Controversy to Microlender, SKS Microfinance
The founder and early investors in the microlender will reap millions from the share deal, but it was unclear how donors would benefit. - With Recovery Slowing, the Jobs Outlook Fades
With growth at an annual rate of 2.4 percent in the second quarter and the stimulus fading, an analyst says the rest of the year will feel like a recession. - European Bank Stress Tests Worked: Sort Of
Market data is starting to provide an indication of whether the stress tests on the largest European banks had the desired effect on confidence. - U.S. Plans Trade Complaint Against Guatemala
The complaint, which will accuse Guatemala of labor law violations, comes as the administration is trying to revive its trade agenda. - Stocks and Bonds: Wall Street Settles Down After Taking In G.D.P. Report
Investors were particularly fretful about the G.D.P. report because it comes at the end of a run of worse than expected economic data and a warning from the Fed. - Nuclear Woes Hurt Bottom Line at EDF
The French energy giant cited costs related to its U.S. nuclear ventures and the construction of its latest generation nuclear power plant in France, which will be delayed until 2014. - Cloned Livestock Gain a Foothold in Europe
The Continent has generally resisted genetically modified food, but small amounts of meat and dairy from cloned animals are already being consumed. - Added to the Recall List: Millions of Frozen Mice
Salmonella outbreaks that sickened more than 400 in the U.S. and Britain have been traced to mice sold as food for exotic pets. - Within Fed, Subtle Shift Toward Deflation Concerns
A Fed member warned that the agency’s current policies put the United States economy at risk of “Japanese-style” deflation. - Siemens Posts $1.9 Billion Quarterly Profit
Siemens, a bellwether for the global and German economies, said Thursday that profit rose 9 percent as a weaker euro and strong growth in emerging markets offset declines in Europe. - Google Search Engine Is Blocked in China
Google said it was the first time the site had been blocked since March. - Two Internet Gambling Operators, PartyGaming and Bwin, to Merge
As governments in Europe and the United States relax the rules on online gambling, the companies anticipate the opening up of new markets. - Citigroup Pays $75 Million to Settle Subprime Claims
Besides the bank, two executives were singled out for not disclosing information about mortgage investments. - Siemens and VW Surge on Roaring Demand From China
The better-than-expected results, along with a drop in unemployment, underscored how Germany is benefitting from the weaker euro and surging exports to emerging markets. - Sony Leads a Comeback for Japan’s Electronics Giants
Sony raised its forecast after swinging to a profit, and Sharp and Panasonic posted profits, too. - Greek Police Confront Protesting Truck Drivers
Greek police used tear gas to disperse protesting fuel-truck drivers, after the government issued an emergency order to force them back to work. - Britain Plans to Scrap Mandatory Retirement Age in 2011
The government says it wants to give people the chance to work beyond 65. But business leaders warned that a sudden change would create serious problems. - Obama to Promote Auto Bailout as a Success
The White House has decided to argue more forcefully that investing in the auto industry helped keep workers employed and laid the groundwork for a rebound. - Production Growth Lifts Profits at Exxon and Shell
Strong results raised hopes that the oil companies could offer investors meaningful growth again. - More Job-Seekers Hitch Ride on Asian Economy
European and American job seekers are hoping that Asia is a place where opportunities match their ambitions.
STIRI US - FTSE 100 sheds 1% during week on weak US GDP data, downbeat Beige Book survey
- US Stocks Close Mixed, Capping Best Month In A Year
US Stocks Close Mixed, Capping Best Month In A Year
Wall Street Journal - 18 hours ago
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--In the final session of the market's best month in a year, US blue-chip stocks fell slightly Friday as data showed US ...
- Home Depot, Alcoa Bolster Dow (HD, AA, DJIA, CENX)
Home Depot, Alcoa Bolster Dow (HD, AA, DJIA, CENX)
Benzinga - 19 hours ago
The Dow Jones Industrial Average (DJIA) pared nearly all its early morning losses to finish down 1 point at 10,466. The Dow was down triple digits in early trading after a weak GDP reading made ...
- The DJIA has remained impervious to the new data, Chevron Corporation (NYSE: CVX) is at flat
- US EQUITIES WEEK AHEAD: Jobs, Auto Sales Data; More 2Q Results
- U.S. stock losses moderate as GDP digested
U.S. stock losses moderate as GDP digested
MarketWatch - Jul 30, 2010
NEW YORK (MarketWatch) - US stocks moderated their losses Friday as investors mulled the government's take on economic growth in the second quarter. "The preliminary data on the economic growth ...
- Airline stocks decline; GDP growth slows in 2Q
Airline stocks decline; GDP growth slows in 2Q
MarketWatch - Jul 30, 2010
NEW YORK (MarketWatch) -- Airline stocks declined Friday after a US report showed slower growth in the domestic economy for the second quarter. The NYSE Arca Airline Index (NYSE:XAL) slipped 1.6 ...
- U.S. stocks open lower as economic growth slows
U.S. stocks open lower as economic growth slows
MarketWatch - Jul 30, 2010
NEW YORK (MarketWatch) - US stocks fell sharply at Friday's start after the government said economic growth was slower than estimated in the second quarter. "We don't foresee a double-dip, but we ...
- Asian Shares End Mostly Down;Strong Yen Weighs Japan Exporters
- US HOT STOCKS: Wynn, Coinstar Active In Late Trading
US HOT STOCKS: Wynn, Coinstar Active In Late Trading
Wall Street Journal - Jul 29, 2010
US stocks traded lower Thursday, as the Dow Jones Industrial Average lost 31 points to 10467, the S&P 500 slid 4.6 points to 1102 and the Nasdaq Composite dropped 13 points to 2252. Among the ...
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