IBT Staff Reporter

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House closes in on financial reforms passage

The U.S. House of Representatives was expected to approve the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration.

Window - Falling and Rising

Most of candlestick patterns are considered reversal. There are some patterns that usually imply continuation of the trend. Falling and Rising Window formations are among them. We could also consider three white soldiers, falling three methods, rising three methods, and separating lines as other candlestick continuation patterns.

U.S. consumer mood improves in early December

U.S. consumer sentiment improved in early December on signs of stabilization in the labor market and widespread discounts to entice holiday shoppers, a survey released on Friday showed.

Morning Star a Bullish Reversal Pattern

Morning Star is a three candle reversal pattern. This pattern usually appears at the bottom of a downtrend and signals for a reversal. The reversal could actually be a correction in the trend or a complete reversal to a new trend (see image).

Bearish Dark Cloud Cover Formation

One of the reversal candle patterns which you rarely see in Forex charts is dark-cloud cover. This formation consists of two candles which usually appear on top of a rally - or rather an uptrend - and is a significant sign of reversal. It especially becomes more reliable if you spot it around aresistance area. The following image shows a typical dark-cloud cover pattern.

Governor Sanford's wife files for divorce

The wife of South Carolina Governor Mark Sanford said on Friday that she was filing for divorce, six months after Sanford traveled secretly to Argentina for what he later confessed was an extramarital affair.

Spinning Top Candles

Spinning top candles appear on a candlestick chart frequently. You may easily locate them on any time frame from one minute to monthly. The specifications defined for spinning top candles are very subjective. Thus a candle that you call it spinning top could be something else from another trader's perspective. In general we say that a candle is a spinning top if therange of the candle is relatively small, the size of the real body is small comparing to the range of the candle, and the upper shad...

Children's Place names CEO

Children's Place Retail Stores Inc (PLCE.O), which has gone without a permanent chief executive since 2007, named Jane Elfers as CEO, effective Jan. 4.

Swine flu has killed 10,000 Americans since April

Swine flu has killed nearly 10,000 Americans, including 1,100 children and 7,500 younger adults, and infected one in six people in the United States since arriving last April, health officials said on Thursday.

Private equity firm to buy auto supplier Dura

* Patriarch Partners to acquire majority stake in DuraMergers & Acquisitions | Funds News | ETFs News | Private Capital | Cyclical Consumer Goods | Financials* Patriarch to invest up to $125 mln capital* Dura emerged from bankruptcy in June 2008DETROIT, Dec 11 (Reuters) - Private equity firm Patriarch Partners has agreed to take a controlling stake in U.S. auto parts supplier Dura Automotive Systems by investing up to $125 million of capital, the investment company said...

Plutonic, GE to resume work at Canada wind farm

Canada's hydro-electric producer Plutonic Power Corp (PCC.TO) said its partnership with a unit of General Electric Co (GE.N) will resume construction of the 300-megawatt Dokie Wind Project in British Columbia by January 2010.

Mafia boss denies link to Berlusconi associate

A jailed Mafia boss told an Italian court on Friday he had never had ties with a close associate of Silvio Berlusconi, casting doubt on evidence from another mobster linking the prime minister to Cosa Nostra.

Cadbury to counter Kraft with strong defence

Cadbury Plc will argue for its independence on Monday with a defence document set to highlight its upbeat trading and show that its valuation is way above that of Kraft Food's bid, analysts said on Friday.

North Korea hints ready to return to nuclear talks

North Korea indicated on Friday it was ready to end its year-long boycott of nuclear negotiations, following talks in the reclusive state this week with a U.S. envoy trying to revive a disarmament-for-aid deal.

BC Partners picks banks for Brenntag IPO: sources

Private equity company BC Partners BCPRT.UL has hired four investment banks to supervise an initial public offering for chemicals distributor Brenntag, several sources familiar with the matter told Reuters on Friday.

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