Friday, July 16, 2010

International Headlines

Date: Fri, 16 Jul 2010 20:02:07 -0400
>TOP STORIES as of 0800 HKT -- 17 July, 2010

> LIBYAN OIL OFFICIAL: LOCKERBIE WASN'T PART OF BP TALKS
A top Libyan oil official denied allegations of an agreement to
free the Lockerbie bomber in exchange for bolstered BP
commercial interests in the country.

> CONSON DOWNGRADED, HEADS TO VIETNAM
Tropical Storm Conson was downgraded from a typhoon early
Saturday, a day after the deadly storm roared into China, along
the southern tip of the island of Hainan.

> CAUTIOUS OPTIMISM AS BP PLUGS LEAK
For the first time in nearly three months, oil has stopped
flowing into the Gulf of Mexico, as BP proceeds with a highly
anticipated test designed to measure pressure within its
ruptured oil well.

> WIKILEAKS ADDS 'HIGH CALIBER' SOURCES
WikiLeaks.org, the website that released secret video of a U.S.
airstrike in Iraq that killed a dozen civilians, is "getting an
enormous quantity of whistleblower disclosures of high caliber,"
the site's founder Julian Assange said Friday in a rare public
appearance here.

> IRAN EXTREMISTS IN SUICIDE ATTACK CLAIM
An Iranian extremist group Friday claimed responsibility for a
pair of suicide bombings that killed at least 20 people and
wounded dozens more in the country's southeast.

> NATO: KEY TALIBAN COMMANDERS KILLED
A Taliban commander responsible for bringing foreign fighters
from Iran into Afghanistan was killed by local and international
troops, NATO's International Security Assistance Force said on
Friday.

> NETANYAHU, U.S. ENVOY MITCHELL MEET
Israeli Prime Minister Benjamin Netanyahu and U.S. Middle East
envoy George Mitchell met on Friday to advance direct talks next
month with the Palestinians, the prime minister's office said.

> WORLD CUP GAMBLING BUST, 5,000 HELD
More than 5,000 people have been arrested and nearly $10 million
seized in an operation targeting alleged illegal soccer gambling
in Asia during the World Cup, Interpol reported on Friday.

BUSINESS
~~~~~~~~~~~
> STOCKS SLIDE ON CORPORATE PROFIT WORRIES
Stocks tumble on U.S. markets as General Electric, Bank of
America and Citigroup report weaker quarterly revenue, sparking
worries about the strength of corporate profits.

> NO OIL LEAKING AS BP TESTS WELL CAP
BP's Kent Wells said that for the first time in months no oil
was flowing into the Gulf of Mexico. This was part of a test to
see how a cap on a ruptured well is holding.

> U.S. SENATE PASSES FINANCIAL REFORM
The U.S. Senate finally passes a landmark reform of Wall Street,
delivering President Barack Obama's second big legislative
victory and ushering in a raft of restrictions on banks.

Markets, Friday, 07/16/2010

Date: Fri, 16 Jul 2010 17:31:05 -0400

|---------------------------------------------------------------------------|
| Dow : 10,097.90 down 261.41| S & P : 1,064.88 down 31.60
|
| NASDAQ: 2,179.05 down 70.03| Bond (10Y): 2.94% down 0.039
|---------------------------------------------------------------------------|

MARKETS:
Poof! Week's stock gains erased
Dow drops 260 points on disappointment about Bank of America and
Citigroup's revenue and a drop in a key measure of consumer sentiment.

Big stock drop wipes out week's gains. Dow ends 260 points lower, led by banking weakness. Nasdaq loses 3.1%, S&P falls 2.9%.

Date: Fri, 16 Jul 2010 16:01:06 -0400

Big stock drop wipes out week's gains. Dow ends 260 points lower, led
by banking weakness. Nasdaq loses 3.1%, S&P falls 2.9%.

U.S. July consumer sentiment plummets

Date: Fri, 16 Jul 2010 12:00:58 -0400

U.S. JULY CONSUMER SENTIMENT PLUMMETS
U.S. consumer sentiment plummeted in early July, hitting the lowest
level since August, according to survey results released by Reuters
and the University of Michigan.

BP SHARES WEAKEN BUT WELL CAP HOLDS
BP PLC shares fell 4% Friday as euphoria over the company's apparent
success in stopping the flow of crude from its ruptured well gave way
to the realities surrounding the worst oil spill in U.S. history.

BP DRIVES STRONG GAINS IN THE U.K.'S FTSE 100
Stocks in London edge higher on Friday, as BP PLC plugs the oil leak
in the Gulf of Mexico and fashion house Burberry Group announces it
will buy stores in China.

CRUDE PRICES DOWN 1% AS CONSUMER SENTIMENT DROPS
Crude futures take their cue from weaker U.S. consumer sentiment as
well as disappointing corporate earnings that have the effect of
pushing stock prices lower. Traders also keep an eye on the latest
developments surrounding BP's efforts to cap the leaking oil well in
the Gulf of Mexico.

DROID X ADDS TO CHALLENGE OF CHOOSING A SMARTPHONE
Deciding to buy a smart phone is the easy part. With dozens of models
on the market -- add one more after Motorola's Droid X went on sale
Thursday -- picking your perfect phone requires hours of research on
countless details.

Dow industrials off 150 points as U.S. stock declines steepen

Date: Fri, 16 Jul 2010 10:01:49 -0400


Dow industrials off 150 points as U.S. stock declines steepen
07/16/2010 09:59:44 AM EDT

Stocks open lower after Google and Bank of America earnings disappoint. Dow falls more than 50 points.a

Date: Fri, 16 Jul 2010 09:32:07 -0400

Stocks open lower after Google and Bank of America earnings
disappoint. Dow falls more than 50 points.

U.S. consumer prices dip 0.1% in June for third straight monthly decline

Date: Fri, 16 Jul 2010 08:36:46 -0400

U.S. consumer prices dip 0.1% in June for third straight monthly decline
07/16/2010 08:34:46 AM EDT

Thursday, July 15, 2010

International Headlines

Date: Thu, 15 Jul 2010 20:02:06 -0400
>TOP STORIES as of 0800 HKT -- 16 July, 2010

> NO OIL LEAKING AS BP BEGINS CRITICAL PRESSURE TESTS
BP's Kent Wells said that for the first time in months no oil
was flowing into the Gulf of Mexico. This was part of a test to
see how a cap on a ruptured well is holding.

> GOLDMAN SETTLES WITH SEC
Goldman Sachs paid $550 million to settle charges of defrauding
investors in a sale of securities tied to subprime mortgages,
the SEC said. CNNMoney reports.

> U.S. HANDS OVER LAST IRAQI PRISON
The U.S. military handed over to Iraq the Camp Cropper detention
facility Thursday, calling the moment a milestone in Iraq's
history and another step in the drawdown of U.S. forces there.

> REPORT: TWO BLASTS ROCK IRANIAN CITY
Two explosions Thursday in the southeastern Iranian city of
Zahedan have left "several dead and injured," Iran state
television Press TV reported, citing Iran's state news agency
IRNA.

SOMALI MILITANTS VOW MORE OPERATIONS
Al-Qaeda-allied Somali militant group Al-Shabaab says last
weekend's deadly bombings in the Ugandan capital, Kampala, which
killed 76 people, are "only the beginning."

> ARGENTINA LEGALIZES SAME-SEX MARRIAGE
Argentina becomes the first Latin American country to legalize
same-sex marriage after lawmakers in the nation's Senate debate
the issue for 14 hours.

> U.S. 'CAME OUT AHEAD' WITH IRAN SCIENTIST
A U.S. official familiar with the case of Iranian nuclear
scientist Shahram Amiri said Thursday that the United States
"clearly got the better end of things."

> RUSSIANS REMEMBER SLAIN ACTIVIST
The identity of the killer of human rights activist Natalya
Estemirova is known, and the person who arranged her slaying
will soon be found, Russian President Dmitry Medvedev said
Thursday on the one-year anniversary of her death, according to
state-run Russian media.

BUSINESS
~~~~~~~~~~~

> WALL STREET REFORM ONE VOTE FROM LAW
The Senate votes to move the Wall Street reform package forward,
assuring safe passage of the regulatory overhaul to President
Obama's desk next week.

> U.S. MAY BLOCK NEW BP OIL LEASES
BP faces more problems on Capitol Hill this week after lawmakers
pushed ahead with a plan that would bar the UK oil group from
obtaining new offshore oil leases because of its poor safety
record.

> CHINA'S ECONOMIC GROWTH EASES TO 10.3 PERCENT
China's economy continued to grow at a robust pace last quarter,
a spokesman for the National Statistics Bureau said Thursday.

Breaking News: BP says cap has stopped oil flow into Gulf

Date: Thu, 15 Jul 2010 14:02:18 -0600

NEW ORLEANS (AP) - BP says oil from its broken well has stopped
gushing into the Gulf of Mexico for the first time since April. The
announcement Thursday came after company officials said all valves had
been shut on a new cap over the busted well in an experiment to stop
the spill.

Markets, Thursday, 07/15/2010

Date: Thu, 15 Jul 2010 17:31:03 -0400

|---------------------------------------------------------------------------|
| Dow : 10,359.31 down 7.41 | S & P : 1,096.48 up 1.31
|
| NASDAQ: 2,249.08 down 0.76 | Bond (10Y): 2.98% down 0.072
|----------------------------------------------------------------------------|

MARKETS:
Treasurys gain on weak economic reports
Prices for U.S. debt rise as the outlook for economic growth in the
second half is cloudy and inflation looks to stay tame.

Stocks end flat after recovering from early losses as BP says it has capped the well. BP shares up 7.6%. Dow loses 7 points.

Date: Thu, 15 Jul 2010 16:07:05 -0400

Stocks end flat after recovering from early losses as BP says it has
capped the well. BP shares up 7.6%. Dow loses 7 points.

U.S. stocks drop along with views of recovery

Date: Thu, 15 Jul 2010 12:00:55 -0400

U.S. STOCKS DROP ALONG WITH VIEWS OF RECOVERY
Stocks deepen their decline, derailing a seven-day climb for the Dow
industrials, as economic data illustrate a slowing recovery. The
reports dim enthusiasm over strong earnings from financial powerhouse
J.P. Morgan Chase & Co.

CHINA ECONOMY SLOWS, ON COURSE FOR 'SOFT-LANDING'
China reports a slowdown in second-quarter gross domestic product
growth, as well as in a number of other economic indicators for June,
indicating the nation's rapid expansion is beginning to cool as
Beijing withdraws some expansionary policies.

CHINA'S DOUBLE-DIGIT GROWTH MAY END FOR A WHILE
China's 10.3% economic growth during the second quarter is likely the
last time the nation will post a double-digit expansion for at least a
year, analysts at Citigroup say.

CHINA'S AGBANK RISES AND FALLS IN SHANGHAI DEBUT
Shares of Agricultural Bank of China open 2.2% higher in their trading
debut on the Shanghai Stock Exchange, but then quickly pare some of
their initial gains to end with a mere 0.8% gain.

CHINESE STEEL MILLS SUFFER SLUMPING DEMAND
Chinese steel producers have a demand problem, and some analysts say
they see little relief in sight, even if prices for iron ore ease.

Senate clears key vote, 60 to 38, to move forward on Wall Street reform, ahead of a final vote on the bill expected later today.

Date: Thu, 15 Jul 2010 11:35:05 -0400

Senate clears key vote, 60 to 38, to move forward on Wall Street
reform, ahead of a final vote on the bill expected later today.

Number of people filing first-time jobless claims hits lowest level since August 2008, falling 31,000 to 429,000 in latest week.

Date: Thu, 15 Jul 2010 08:34:07 -0400

Number of people filing first-time jobless claims hits lowest level
since August 2008, falling 31,000 to 429,000 in latest week.

Selloff gains momentum, with the Dow sinking more than 120 points. Nasdaq, S&P 500 both slide more than 1.2%.

Date: Thu, 15 Jul 2010 10:20:04 -0400

Selloff gains momentum, with the Dow sinking more than 120 points.
Nasdaq, S&P 500 both slide more than 1.2%.

China's GDP up 11.1% in first half, June consumer inflation up less-than-forecast 2.9%

Date: Wed, 14 Jul 2010 22:22:29 -0400

China's GDP up 11.1% in first half, June consumer inflation up
less-than-forecast 2.9%
07/14/2010 10:20:49 PM EDT

Wednesday, July 14, 2010

International Headlines

Date: Wed, 14 Jul 2010 20:02:03 -0400
>TOP STORIES as of 0800 HKT -- 15 July, 2010

> BP BEGINS STEPS ON TEST OF OIL WELL WITH NEW CAP
The U.S. government has told BP to proceed with an "integrity"
test on its crippled Gulf of Mexico oil well, and BP has begun
some initial moves in that direction.

> WORLD 'FAILING HAITI' OVER AID PLEDGES
Six months after an earthquake struck Haiti, most governments
that promised money to help rebuild the country have not
delivered funds at all, a CNN investigation finds.

> LIBYAN AID SHIP TO DOCK IN EGYPT
A Libyan ship carrying humanitarian goods for Gaza appears to be
turning toward Egypt, a move that could avert a showdown between
Israeli forces and activists.

> FAILED NY BOMBER'S 'CONFESSION' AIRED
The man who pleaded guilty in the failed Times Square car
bombing said before the incident that the strike would be a
"revenge attack," according to an airing Wednesday on an
Arabic-language TV network.

> 12 TROOPS DIE IN AFGHANISTAN IN 2 DAYS
Coalition troop deaths in Afghanistan continued to add up in
what has been a hot and bloody struggle, with eight American and
four British troops slain over the last 48 hours.

> 4 DEAD, 16 WOUNDED IN BAGHDAD VIOLENCE
At least four people were killed and 16 wounded in a string of
attacks since Tuesday night in the Iraqi capital, the Interior
Ministry said Wednesday.

Shahram Amiri -- a nuclear scientist Tehran claimed was
kidnapped by U.S. agents -- says he was held by U.S.
intelligence officials and faced "psychological warfare."

> CHENEY RECOVERING FROM HEART SURGERY
Former Vice President Dick Cheney recently underwent heart
surgery and is recovering in a Virginia hospital, said a
statement issued by Cheney on Wednesday.

BUSINESS
~~~~~~~~~~~

> PROSECUTORS RAID CREDIT SUISSE OFFICES
German prosecutors stage raids on more than a dozen Credit
Suisse offices in connection with an inquiry into whether
employees of the Swiss bank had helped clients to evade taxes.

> EU GREEN LIGHT FOR BA-IBERIAN MERGER
Brussels competition officials formally clear the global tie-up
between British Airways, American Airlines and Spain's Iberia as
well as giving a green light to the merger between BA and
Iberia.

> HK LAWMAKERS DEBATE MINIMUM WAGE
Hong Kong lawmakers resumed debate Wednesday on a bill that may
result in the region's first statutory minimum wage.

Markets, Wednesday, 07/14/2010

Date: Wed, 14 Jul 2010 17:31:04 -0400


|---------------------------------------------------------------------------|
| Dow : 10,366.72 up 3.70 | S & P : 1,095.17 down 0.17 |
| NASDAQ: 2,249.84 up 7.81 | Bond (10Y): 3.05% down 0.064
|----------------------------------------------------------------------------|

MARKETS:
Stocks finish little changed
Markets buffeted by Fed's outlook of weaker growth and Intel's
positive earnings.

Stocks end mixed, despite strong corporate earnings, after the Fed sees weaker economic growth. Dow gains 4 points.

Date: Wed, 14 Jul 2010 16:01:04 -0400

Stocks end mixed, despite strong corporate earnings, after the Fed
sees weaker economic growth. Dow gains 4 points.

U.S. stocks meander amid mixed signals

Date: Wed, Jul 14, 2010 at 12:00 PM

U.S. STOCKS MEANDER AMID MIXED SIGNALS
U.S. stocks slide in early trading Wednesday as investors weigh a bigger-than-expected drop in retail sales against a recent influx of encouraging corporate earnings that gave a boost to tech stocks.

BP WAITING AND HOPING ON CAPPING GULF GUSHER
BP PLC is taking a go-slow approach in how it's conducting a pressure integrity test of the Macondo well that has been spilling oil into the Gulf of Mexico for nearly three months.

CRUCIAL TEST ON BP'S GULF WELL REMAINS IN LIMBO
BP remains in a holding pattern on a crucial pressure test of a new containment system over its leaking oil well in the Gulf of Mexico while pursuing other options to capture the gushing crude.

BP SHARES CAUGHT IN THE VORTEX
BP shares have morphed into short-term plays, and this didn't happen just because of one broken well.

FTSE 100 INDEX DECLINES, ICAP SHARES PRESSURED
British shares edged lower on Wednesday, after six sessions of gains, with Icap shares under pressure after the firm said that trading slowed in June.

June retail sales slide 0.5%, government says, due largely to weakness in auto purchases.

Date: Wed, 14 Jul 2010 08:35:07 -0400

June retail sales slide 0.5%, government says, due largely to weakness
in auto purchases.

Stocks open mixed as disappointing retail sales offset optimism about corporate earnings. Dow falls 23 points, Nasdaq edges up.

Date: Wed, 14 Jul 2010 09:32:04 -0400

Stocks open mixed as disappointing retail sales offset optimism about
corporate earnings. Dow falls 23 points, Nasdaq edges up.

Tuesday, July 13, 2010

International Headlines

Date: Tue, 13 Jul 2010 20:02:06 -0400
>TOP STORIES as of 0800 HKT -- 14 July, 2010

> FRANCE COMES CLOSER TO BURQA BAN AFTER PARLIAMENTARY VOTE
The lower house of the French Parliament has overwhelmingly
approved a ban on the burqa and the niqab, Islamic garments that
cover a woman's face.

> OFFICIAL: AID BOAT STILL GAZA BOUND
A Libyan-backed ship trying to break the Israeli blockade of
Gaza has agreed to change course and go to Egypt, says an
Israeli official with knowledge of communications between the
Israeli military and the vessel.

> 'BAREFOOT BANDIT' GUILTY PLEA IN BAHAMAS
The so-called "barefoot bandit," Colton Harris-Moore, pleaded
guilty in a Bahamian court Tuesday to a charge of illegally
landing a plane and was sentenced to three months in jail or a
$300 fine, police said.

> YANKEES OWNER STEINBRENNER DIES
New York Yankees owner George M. Steinbrenner III died Tuesday
after he suffered a massive heart attack. He was 80.

> POLICE FIND EXPLOSIVES AT KAMPALA CLUB
Ugandan police recover explosives at a Kampala nightclub,
following weekend attacks which killed 74 people. Al
Qaeda-linked militants have claimed responsibility.

> FREED CUBAN DISSIDENTS ARRIVE IN SPAIN
The first group of political prisoners freed by the Cuban
government has arrived in Madrid, the capital of Spain, the
state-run EFE news agency reported Tuesday.

> BP TO TEST NEW CAP ON LEAKING OIL WELL
BP is to conduct tests to assess the success of a new cap
installed on its ruptured Gulf of Mexico well. Officials hope
the cap could contain the oil leak completely.

> AFGHAN SOLDIER KILLS 3 BRITISH TROOPS
An Afghan National Army soldier shot a rocket at British
soldiers in Helmand province, killing three and injuring four
others early Tuesday morning, an Afghan Defense Ministry
spokesman said.


BUSINESS
~~~~~~~~~~~

> PORTUGAL'S CREDIT RATING CUT BY MOODY'S
Moody's, the rating agency, downgraded Portugal by two notches
on Tuesday, citing the country's deteriorating public finances.

> CHINA PROPERTY PRICE RISES EASE
Chinese property prices eased lower in June for the first time
in nearly 18 months, a sign that the government's campaign to
reduce real estate speculation and cool the economy is beginning
to bite.

Markets, Tuesday, 07/13/2010

Date: Tue, 13 Jul 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,363.02 up 146.75 | S & P : 1,095.34 up 16.59
|
| NASDAQ: 2,242.03 up 43.67 | Bond (10Y): 3.11% up 0.068
|---------------------------------------------------------------------------|

MARKETS:
Stocks rally on Alcoa profit, Greek auction
Alcoa's better-than-expected results and a strong Greek auction boost
investor sentiment. Dow, Nasdaq and S&P 500 up more than 1.5%. Intel
due after the bell.

Stocks end higher, with the Dow gaining 146 points, as investors remain upbeat about corporate earnings.

Date: Tue, 13 Jul 2010 16:05:06 -0400

Stocks end higher, with the Dow gaining 146 points, as investors
remain upbeat about corporate earnings.

U.S. stocks up for sixth day on upbeat results

Date: Tue, 13 Jul 2010 12:00:58 -0400

U.S. STOCKS UP FOR SIXTh DAY ON UPBEAT RESULTS
U.S. stocks jump Tuesday as strong earnings reports from early
bellwethers buoyed hopes that the global business environment
continues to strengthen.

ALCOA SETS A CAUTIOUSLY POSITIVE TONE
Alcoa Inc. kicked off the second-quarter earnings parade Monday with a
modestly bullish summary of the global aluminum market. It was the
note investors both hoped to hear and feared would be missing.

CSX PROFIT JUMPS ON AUTO, METALS DEMANDS
CSX Corp. says quarterly profit jumped by more than a third as the
railroad operator benefitted from a strong rebound in demand for cars
and metals.

INTEL EXPECTED TO POST STRONG SALES GAINS
Intel Corp. is expected to report a 28% jump in revenue for the second
quarter, even as analysts brace for signs of a slowing personal
computer market and weakening tech demand.

STAGNANT PC INDUSTRY ROCKED BY TABLET MARKET
In the young but fast-growing market for tablet computers, a market
propelled by the force of Apple Inc.'s popular iPad, two of the
biggest players from the PC's heyday are mostly standing on the
sidelines, writes Therese Poletti.

Breaking news: Legendary Yankees owner George Steinbrenner dies

Date: Tue, 13 Jul 2010 07:56:34 -0600

New York Yankees' owner George Steinbrenner has died today after
suffering a massive heart attack, a source close to Steinbrenner tells
the Associated Press. He was 80.

Stocks rally at the open following a strong profit report from Alcoa. Dow surges more than 100 points, Nasdaq spikes 1%.

Date: Tue, 13 Jul 2010 09:34:09 -0400

Stocks rally at the open following a strong profit report from Alcoa.
Dow surges more than 100 points, Nasdaq spikes 1%.

Monday, July 12, 2010

International Headlines

Date: Mon, 12 Jul 2010 20:01:08 -0400
>TOP STORIES as of 0800 HKT -- 13 July, 2010

> CONTAINMENT CAP ON BP WELL APPEARS TO BE IN PLACE
BP appears to have placed a new containment cap on its well in
the Gulf of Mexico that's been gushing oil since April 20. Tests
are needed to determine its effectiveness.

> CASTRO MAKES RARE TV APPEARANCE
Former Cuban leader Fidel Castro will make his first major
public appearance in years Monday when he discusses the Middle
East on a government TV program, the state-run Granma newspaper reported.

> UGANDA TWIN BLASTS KILL 74
A Somali Islamist militant group -- al-Shabaab -- issued a
direct claim of responsibility Monday for a string of three
bombings in Uganda that left at least 74 people dead.

> SWISS REJECT POLANSKI EXTRADITION
Swiss authorities will decide Monday whether to extradite
Oscar-winning filmmaker Roman Polanski to the United States to
face child sex charges, the Justice Ministry said.

> MAN KILLS 5 COWORKERS, SELF
New Mexico authorities said a former employee shot and killed
five people at a business Monday in Albuquerque before turning
the gun on herself.

> BRITS SENTENCED IN TRANS-ATLANTIC PLOT
Three Britons recruited as suicide bombers in an al
Qaeda-inspired 2006 plot to blow up airliners as they were
flying across the Atlantic were sentenced Monday to life in
prison, with a minimum of 20 years.

> U.S., N. KOREAN MILITARY TO MEET IN DMZ
High-level military officers from the U.S.-led U.N. Command and
North Korea are slated to meet Tuesday in the village of
Panmunjom in the demilitarized zone between North and South
Korea, the United Nations said Monday.

> TYPHOON FORECAST TO HIT PHILIPPINES
A typhoon was expected to make landfall on the Philippines late
Tuesday, CNN meteorologists say.


BUSINESS
~~~~~~~~~~~

> BP 'PLEASED' WITH CONTAINMENT OPERATION
BP says it is "pleased" with how the operation to place a new
cap on its ruptured undersea well is proceeding, but while
robots replace the old cap, crude is flowing freely.

> CHINA EXPORTS UP 44 PERCENT IN SPITE OF GLOBAL FEARS
China defied widespread fears about a new slowdown in the global
economy to record another surge in exports last month compared
to the same period last year, although the figures will also
draw attention again to whether the Chinese currency remains
undervalued.

> CHINA RENEWS GOOGLE LICENSE
Google said Friday that it has renewed its license with the
Chinese government to continue operating in that country, ending
a standoff over censorship with the search engine.

Markets, Monday, 07/12/2010

Date: Mon, 12 Jul 2010 17:31:03 -0400

|---------------------------------------------------------------------------|
| Dow : 10,216.27 up 18.24 | S & P : 1,078.75 up 0.79
|
| NASDAQ: 2,198.36 up 1.91 | Bond (10Y): 3.05% down 0.010
|----------------------------------------------------------------------------|

MARKETS:
Stocks seesaw ahead of corporate results
Investors cautious ahead of start of second-quarter reporting period.
Alcoa results due out after market close.

Stocks claw out 5th straight advance in late push. Dow gains 18 points, Nasdaq and S&P add 0.1%.

Date: Mon, 12 Jul 2010 16:01:06 -0400

Stocks claw out 5th straight advance in late push. Dow gains 18
points, Nasdaq and S&P add 0.1%.

Bid, asset talk spurs further gains for BP

Date: Mon, 12 Jul 2010 12:00:52 -0400

BID, ASSET TALK SPURS FURTHER GAINS FOR BP
Speculation that BP will be sold in parts or a whole give a further
lift to the embattled oil giant's shares Monday as the company says
that the cost of cleaning up the Gulf of Mexico oil spill reaches $3.5
billion.

MONDAY'S BIGGEST GAINING AND DECLINING STOCKS
Stocks expected to move significantly in trading on Monday include BP,
Hewitt, Playboy, Tuesday Morning and Weyerhaeuser.

U.S. STOCKS SLIDE ON EARNINGS JITTERS
U.S. stocks slip Monday, with materials stocks sliding after weak
Chinese import data, and as investors traded cautiously ahead of the
start of second-quarter earnings season.

EUROPEAN SHARES ADVANCE AS BP SHARES CLIMB
European shares trade mixed, with the Stoxx Europe 600 mildly lower
but regional benchmarks showing better resilience. BP is back in the
spotlight, its shares gaining in London.

CRUDE REVERSES LOWER, FALLS BELOW $76
Crude futures reverse early gains, turning lower as energy traders
keep an eye on second-quarter corporate earnings kicking off this
week.

Stocks open lower as investors brace for the start of quarterly reports, with Alcoa on tap after the close. Dow slips 30 points.

Date: Mon, 12 Jul 2010 09:34:03 -0400

Stocks open lower as investors brace for the start of quarterly
reports, with Alcoa on tap after the close. Dow slips 30 points.

Sunday, July 11, 2010

International Headlines

Date: Sun, 11 Jul 2010 20:02:07 -0400
>TOP STORIES as of 0800 HKT -- 12 July, 2010

> BP 'PLEASED' WITH CONTAINMENT OPERATION
BP said it is "pleased" with how the operation to place a new
cap on its ruptured undersea well is proceeding, but while
robots replace the old cap, crude is flowing freely.

> JAPAN PM VOWS TO KEEP JOB DESPITE LOSS
The ruling Democratic Party of Japan (DPJ) appears to have
failed to gain a majority in the upper house of the Japanese
parliament Sunday, exit polls by Japanese media showed.

> YEMEN: 10 AL QAEDA SUSPECTS ARRESTED
Yemen security services arrested 10 al-Qaeda terrorists Sunday
in Hadrmout province, east Yemen, according to the Ministry of
Interior.

> BROTHER: SWAPPED RUSSIAN IN ENGLAND
A Russian scientist who was part of a swap for 10 Russian spies
caught in the United States is now in England, his brother said.

> GADHAFI AID SHIP STILL BOUND FOR GAZA
An aid ship trying to break Israel's blockade of Gaza still
plans to aim for the Palestinian territory, its organizer said.

> PROBE SENDS BACK ASTEROID IMAGES
A European space probe has captured detailed images of an
asteroid that scientists hope will increase understanding of how
the solar system evolved.

> ARMSTRONG'S TOUR BID 'OVER'
Lance Armstrong's bid for an eighth win in the Tour de France
came to an end on the dramatic eighth stage when he crashed
twice. He said he will stay in the race.

> U.S. URGES N. KOREA TO FREE AMERICAN
The U.S. is urging Pyongyang to release an American held captive
after reports that the man attempted to commit suicide in a
North Korean prison.

BUSINESS
~~~~~~~~~~~
> CHINA RENEWS GOOGLE LICENSE
Google said Friday that it has renewed its license with the
Chinese government to continue operating in that country, ending
a standoff over censorship with the search engine.

> MADAGASCAN VANILLA TRADERS UNDER PRESSURE
The world's largest vanilla industry is feared to be on the
verge of collapse as farmers struggle to earn a living.

> CREATING A BUZZ WITH ECO-VUVUZELAS
The sound of vuvuzelas has been a feature of every match at this
year's World Cup, but one Cape Town business is using them to
create a different kind of buzz.