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Tuesday, 25 August 2009 - Market Commentary

The Aussie dollar followed the local equity market higher during yesterdays early morning session peaking above the 84 cent mark heading into the release of July New Motor Vehicle Sales which was expected to be a non event.
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Scottish minister defends Lockerbie bomber release

Scotland's justice secretary Monday defended his decision to free the Lockerbie bomber on humanitarian grounds in the face of severe criticism from the United States government and relatives of U.S. victims.
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Prisons Bureau says Madoff does not have cancer

Wall Street super-swindler Bernard Madoff has not been diagnosed with cancer, the Federal Bureau of Prisons said on Monday, knocking down a tabloid report that Madoff was dying of the disease.
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GM considers raising funding to keep Opel: sources

General Motors Co is considering a plan to raise funding to keep Opel as an alternative to selling the unit to Magna International with financing from the German government, sources with knowledge of the deliberations said on Monday.
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U.S. heart group draws hard line on sugar intake

* Women should limit extra sugar calories to 100 per day * Men should eat no more than 150 extra sugar calories * Soft drinks No. 1 source of added sugar in U.S. dietAmericans need to cut back dramatically on sugar consumption, the American Heart Association said on Monday in a recommendation that is likely to rile food and beverage companies.
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U.S. home lender Taylor Bean files for bankruptcy

Taylor, Bean & Whitaker Mortgage Corp filed for Chapter 11 bankruptcy protection and said it may liquidate, three weeks after it closed its mortgage lending business and was suspended by a federal agency.
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Bank of America defends Merrill bonuses

Bank of America Corp mounted an aggressive defense of Merrill Lynch & Co's awarding of $3.6 billion of bonuses last year, as it tries to persuade a federal judge to approve a settlement with the U.S. Securities and Exchange Commission over its own disclosures.
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New Mac operating system available late August

Apple Inc said on Monday its new operating system for Mac computers will go on sale this Friday, a bit earlier than expected, as the company looks to continue to expand its share of the PC market.
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U.S. payment-card industry grapples with security

Fresh details of large-scale cyber attacks against data processor Heartland Payment Systems Inc and supermarket chain Hannaford Brothers show the challenges facing the efforts of the U.S. credit-card industry to upgrade security measures.
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New Mac operating system available August 28

Apple Inc said on Monday its new operating system for Mac computers will go on sale this Friday, a bit earlier than expected, as the company looks to continue to expand its share of the PC market.
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U.S. government to leave Opel choice to GM

The Obama administration pledged on Monday to stay out of General Motors Co's choice of a buyer for its Opel unit in Europe as German union leaders put more pressure on the U.S. automaker to make a decision.
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Payment-card industry grapples with security

Fresh details of large-scale cyber attacks against data processor Heartland Payment Systems Inc and supermarket chain Hannaford Brothers show the challenges facing the efforts of the U.S. credit-card industry to upgrade security measures.
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U.S. senator wants broad SEC market review

Senator Ted Kaufman on Monday asked U.S. regulators to undertake a comprehensive review of several questionable developments in the structure of capital markets, the latest lawmaker to weigh in on so-called dark pools, flashes, and high-frequency trading.

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