OzForex Daily Commentary - 11/09/2009
With yesterdays Australian unemployment rate coming in on expectations and unchanged at 5.8% local investors took the opportunity to take profit on long AUD positions. Casting some doubt over the figures was the change in seasonally adjusted estimate of full time employment decreased by almost 31k jobs prompting a move lower in the AUD/USD which was trading around 0.8630 at the time of the release.
DeGeneres' Idol gig splits fans but brings buzz
The stunning choice of comedian and chat show host Ellen DeGeneres as the new judge on TV show American Idol appeared set to revive interest in the top-rated talent show after three years of falling ratings.
Daily Wrap Up - September 10 Tech
Motorola Inc unveiled on Thursday the first of many cellphones to be developed in partnership with Google, but analysts questioned if it could revive the once-dominant handset maker's fortunes.
Futures Market Summary 09/10/09
US TREASURIES powered through resistance today on a buy American which had both US debt and equities rising for this session. The catalyst for the jump in Treasuries was a greater demand at the $ 12 billion auction for US 30 year securities.
GM to sell control of Opel to Russia-backed Magna
General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada's Magna after months of fraught negotiations that had weighed on the European unit and its 50,000 workers.
Chamber challenges EPA on California emissions
The U.S. Chamber of Commerce and the National Automobile Dealers Association have asked an appeals court to review the federal government's decision to let California set its own auto emissions standard.
Key U.S. lawmaker seeks changes to broadband rules
A key U.S. lawmaker on Thursday expressed concern that much of the eastern part of the United States could be disqualified from broadband grants because of the way remote communities are considered.
Fed's Lockhart: possible Fed could curtail buys
Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday the U.S. economic recovery has started and the Fed could stop short of buying the full amount of mortgage-related securities it said it would buy to boost the economy.
SEC contrite for failure to uncover Madoff
Contrite U.S. Securities and Exchange Commission officials apologized for bungling five probes that should have uncovered Bernard Madoff's $65 billion fraud, and its internal watchdog told top regulators to be more aggressive in investigating tips.
Lockhart says possible Fed could curtail buys
Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday the U.S. economic recovery has started and the Fed could stop short of buying the full amount of mortgage-related securities it said it would buy to boost the economy.
EU offers climate aid
The European Union outlined a scaled-back offer to help poor nations combat global warming on Thursday as some nations expressed gloom about prospects of a new U.N. climate deal in Copenhagen in December.
Pigeon transfers data faster than South Africa's Telkom
A South African information technology company on Wednesday proved it was faster for them to transmit data with a carrier pigeon than to send it using Telkom , the country's leading internet service provider.
Don't Disqualify Yourself, Choose Strategies Wisely
Dear Sam: I am an electrical engineer in my fifties and looking for ways to not show my age in my résumé, which I think is adversely affecting my job search.
Paul Karason: man who turned blue re-appears on TV
Paul Karason, the man whose skin turned blue made a second public appearance on the Today show Thursday.
Analysts see nascent recovery for U.S. airlines
U.S. airlines are coming back into favor with analysts amid more competitive pricing and evidence the global economy is on a recovery path.
White House: stimulus money added jobs, GDP growth
The White House Council of Economic Advisers said in a report on Thursday that the $787 billion stimulus package enacted earlier this year had created as many as 1.1 million jobs by the third quarter.
Fed's Kohn says no exit for extended period
Federal Reserve Vice Chairman Donald Kohn said on Thursday the U.S. central bank was developing tools to remove its extremely loose monetary policy, but this exit would not happen at all soon.
Mandy Moore lets down her hair for Rapunzel
After combing the acting landscape, Walt Disney Pictures has chosen Mandy Moore to voice the lead role in its Digital 3D-animated musical action-adventure Rapunzel, inspired by the Brothers Grimm fairy tale.
Creation a moving tale of Darwin's dilemma
Jon Amiel's Creation is bound to spark controversy because it depicts Charles Darwin struggling with his epochal 1859 work, On the Origin of Species, though it's much more than a red flag to religious fundamentalists. The opening-night film at the Toronto International Film Festival is an intelligent, touching depiction of a brilliant man who's sure of his scientific skills but tormente...
Wall Street gains for 5th day on upbeat company news
U.S. stocks gained for a fifth straight session on Thursday, their longest string of gains since November, as a bright outlook from consumer product company Procter & Gamble and a successful Treasury bond auction boosted investors' confidence.
Daily Wrap Up - Sept 10
Gov't Prepares for Growth; Recovery for Airlines; GM to Sell Opel
SEC told to fully probe complaints to bust fraud
After bungling five probes that should have uncovered Bernard Madoff's $65 billion fraud, regulators must learn to aggressively investigate tips and complaints to catch wrongdoers, the U.S. Securities and Exchange Commission's internal watchdog said on Thursday.
California lawmaker admits sex talk, not affair
A California lawmaker who resigned after he was caught on tape bragging about his sexual exploits with two women, one of them reportedly a lobbyist, denied on Thursday that he was having extramarital affairs.
Motorola to launch Google phone
Motorola Inc on Thursday said it would launch a new cell phone that uses Google software and seeks to tap into the popularity of online social networks like Facebook.
(VIDEO) Katherine Jackson gets date wrong in MJ concert support video
Katherine Jackson on Wednesday night released a video pledging her support to the upcoming tribute concert for her son Michael Jackson.
Marsico Capital cuts stake in Wynn Resorts
Investment firm Marsico Capital Management LLC has reduced its stake in casino operator Wynn Resorts Ltd as of the end of August, according to a regulatory filing on Thursday.
Top performers a ‘no-show’ at Jackson tribute concert
The global tribute for Michael Jackson set for September 26 in Vienna, Austria is still not certain to take place as an increasing number of singers will not perform.
SEC contrite over failure to uncover Madoff
Contrite U.S. Securities and Exchange Commission officials apologized for bungling five probes that should have uncovered Bernard Madoff's $65 billion fraud, and its internal watchdog told top regulators to be more aggressive in investigating tips.
Motorola unveils Google phone, carrier deals
Motorola Inc unveiled on Thursday a new cellphone that uses Google software and features easier access to social networking sites like Facebook and Twitter, but some analysts said it might not be enough to turn around the company's money-losing handset business.
Wal-Mart CEO sees late Christmas
Wal-Mart Stores Inc is expecting a late Christmas as consumers continue to carefully manage spending, CEO Mike Duke said at an investor conference on Thursday.
