INVESTMENT

The Earnings Story Just Took a Hit

Days before third quarter earnings season began on Tuesday with Alcoa’s (NYSE:AA) earnings report, many analysts were optimistic because expectations have been set so low.

HSBC cuts Egypt; upgrades Poland

File photo of the entrance to a HSBC bank branch in New York
HSBC cut its weighting on Egypt to "neutral" from "overweight," on increased political risks, and upgraded Poland to "overweight" from "underweight," on macroeconomic stability and valuation.
People wait to vote during the presidential election at a polling station in Liberia

Voting smooth as Liberians choose president

Liberians queued peacefully in the rain on Tuesday for the West African state's second presidential election since its civil war, with incumbent Ellen Johnson-Sirleaf bidding for a second term.
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Google Ice Cream Sandwich vs Apple iOS 5: Will Samsung’s Nexus Prime or Galaxy S3 take-on Apple’s iPhone 4S October 2011?

Samsung Nexus Prime Launch Delayed in Memory of Steve Jobs?

The launch of Samsung Nexus Prime, the latest smartphone based on Google's new version of the Android operating system Ice Cream Sandwich, will be delayed reportedly to pay respect to Apple co-founder Steve Jobs, who passed away last week on Oct. 5.
People walk past the entrance to the Goldman Sachs building at 200 West Street, New York

Goldman Sachs May Post Third-Quarter Loss: Citi

Goldman Sachs Group Inc. will likely record a loss in the third quarter, only the second quarterly loss in the Wall Street titan's history, hurt by weakness across trading and investment banking, equity market declines and wider credit spreads during the period, Citigroup said.
Traders work on the floor of the New York Stock Exchange

U.S. Stock Index Futures Signal Early Losses

Stock index futures pointed to a lower open on Wall Street on Tuesday following a brisk rally, with futures for the S&P 500 down 0.7 percent, Dow Jones futures down 0.6 percent, and Nasdaq 100 futures down 0.4 percent at 0938 GMT.
Gold bar

Gold Eases 1% Ahead of Slovak Vote on European Bailout Fund

Gold eased 1 percent early Tuesday, giving up some of the previous day's gains, as stocks and the euro were pressured by waning optimism over a new plan to tackle euro zone debt, and ahead of a vote in Slovakia to ratify changes to the bloc's rescue fund.
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WHO Outlines Action Plan for Mental Health

The World Health Organization (WHO) has pegged a per capita investment of US $3 to $ 4 for managing mental health as part of its initiative on World Mental Health day. 2011 commemorates the 20th year of World Mental Health day and this year’s campaign focuses on, Investing in mental health”, noting that financial and human resources allocated for mental health are inadequate especially in low resource countries.
Clouds pass over Capitol Hill in Washington

Foreign Profit Tax Break was Costly Bomb: Report

Congress should not endorse another big tax break for overseas corporate profits because the last one in 2004-2005 was a costly failure, said U.S. congressional investigators in a report released on Monday.
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Carlyle/Blackstone, THL are Morgan Keegan finalists

Thomas H. Lee Partners and a consortium that includes Blackstone Group and Carlyle Group are finalists to acquire Regions Financial Corp's Morgan Keegan brokerage and investment banking unit, sources familiar with the matter said on Monday.
Yahoo headquarters shown in Sunnyvale

Yahoo Buyout May Now Lure Temasek, Bain Capital

The ongoing crisis at Yahoo may now have tempted some new parties including Singapore’s Temasek as well as Bain Capital, joining other parties said to include Facebook, Microsoft, Providence Equity Partners and Alibaba Group.
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Gold up More Than 2% on Hope European Banks Will be Protected

Gold rose more than 2 percent on Monday, lifted by weakness in the dollar versus the euro after France and Germany pledged to come up with a proposal to recapitalize euro zone banks, while traders remained cautious ahead of further details of the plan.
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Zambian Miners Return to Work after Getting Pay Raise

Zambians striking over poor pay at Chinese mines went back to work on Monday after winning a nearly 100 percent pay rise, just over two weeks after a new president took office on the promise of improving mining conditions.

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