GLOBAL MARKETS

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Ghana inflation dips, but pressures loom

Ghana's inflation slowed to a new 18-year low of 8.58 percent in December, feeding expectations the West African economic heavyweight will keep its policy interest rate on hold in the short term.

US stocks gain as European debt concerns ease

The S&P 500 Index gained 3.69 points, or 0.29 percent, to trade at 1,278.17 at 9.30 a.m. EDT. The Dow Jones Industrial Average rose 32.93 points, or 0.28 percent, to trade at 11,704.81. The Nasdaq Composite Index advanced 11.50 points, or 0.42 percent, to 2,728.49.
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HP upgraded to 'buy' at UBS

UBS Securities upgraded PC giant Hewlett-Packard to buy from neutral, citing improving growth prospects for the majority of HP's segments through 2011.
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Supervalu’s woes deepen

Shares of Supervalu (NYSE: SVU) are plunging this morning after the retail grocer posted a loss for the third quarter and slashed its full year profit outlook.

AMD Ousts CEO

Advanced Micro Devices said Monday its chief executive Dirk Meyer has resigned with immediate effect and appointed senior vice president and chief financial officer Thomas Seifert as interim CEO.

Intel, Nvidia Settle Patent Dispute

Chip giant Intel will pay $1.5 billion to Nvidia as part of a cross licensing deal that brings an end to all of the outstanding legal disputes between the two parties.
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Education stocks plunging on weak enrollment data

Education-related stocks are getting hammered this morning after a prominent company in the field, Strayer Education (Nasdaq: STRA) reported a 20 percent drop in poor enrollment for its latest winter term.
A BP sign is seen at a petrol station in south London.

Is the Worst Over For BP?

BP Plc, which is tormented by the Gulf of Mexico oil spill, has witnessed a positive development last week when Presidential Commission did not find BP solely responsible for the oil spill.

US futures decline, Alcoa eyed

Futures on major U.S. stock indices point to lower opening on Monday with futures on the S&P 500 down 0.58 percent, futures on the Dow Jones Industrial Average down 0.42 percent and Nasdaq100 futures down 0.40 percent.
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The United States Stuck in 2011 Catch 22

The United States and its leaders are stuck in their own Catch 22. They need the economy to improve in order to generate jobs, but the economy can only improve if people have jobs. They need the economy to recover in order to improve our deficit situation, but if the economy really recovers long term interest rates will increase, further depressing the housing market and increasing the interest expense burden for the US.
Traders work on the floor of the New York Stock Exchange

Stocks fall on mixed jobs report, court ruling on banks

The Dow Jones Industrial Average fell 22.55 points, or 0.19 percent, to finish at 11.674.76. At one point the Dow was down as much as 100 points. The S&P 500 dropped 2.35 points, or 0.18 percent, to 1271.50; while the Nasdaq shed 6.72 points, or 0.25 percent, to 2703.17.
Foreclosed Home

Bank shares falling on Mass. Court ruling on foreclosures

Bank shares are weakening after the Massachusetts State Supreme Judicial Court upheld a decision that two foreclosures from U.S. Bancorp (NYSE: USB) and Wells Fargo (NYSE: WFC) were not valid because the banks did not properly show they held the mortgages at the time of the foreclosure.

Why doesn’t Apple pay a dividend?

Given how Apple shares have sailed into the stratosphere, supported by wildly successful product launches (thereby making lots of happy investors); the company is unlikely to hand out dividends for the foreseeable future.

Dell Rolls Out Streak 7 Android Tablet, Venue Phone

Dell, known for its laptop and desktops, has launched a new Android 2.2-based touchscreen tablet computer Streak 7, expanding its mobility portfolio. The computer giant also showcased a new smartphone, the Venue.

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