The US News
TheUSNews.com Friday 12th March 2010 Volume 106/8
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Lehman Brothers auditors were negilgent says reportLehman Brothers auditors were negilgent says report
Auditors, former executives, Barclays Bank, and Wall Street banks have copped a serve from a court-appointer examiner who probed the Lehman Brothers...


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U.S. stocks recover in late tradingU.S. stocks recover in late trading
A surge in bank shares returned the major indices to the black Thursday, after rough sailing earlier in the...
Stocks Rise After Upbeat Retail Sales Data
NEW YORK - Stocks extended their gains Friday after retail sales unexpectedly rose in February, raising hopes that the economy may be gaining...
Retail Sales Rise Unexpectedly In February
Shoppers exit a Target store with their purchases in Fairfax, Virginia, February 4, 2010. Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement...
Market Snapshot: U.s. Stocks Rise On Retail Sales Jump
NEW YORK (MarketWatch) -- U.S. stocks opened higher on Friday, as investors were cheered by an unexpected jump in U.S. retail sales last month and a crowd-pleasing nomination for the Fed's vice...
Movers & Shakers: Friday's Biggest Advancers And Decliners
NEW YORK (MarketWatch) -- Among the companies whose shares are expected to see active trading in Friday's session are Pacific Sunwear of California Inc., Aeropostale Inc. and AnnTaylor Stores Corp. ...
Metals Stocks: Gold Gains As Dollar Drops, Oil Rises
NEW YORK (MarketWatch) -- Gold futures rose early on Friday, but remained on track for a 2.4% drop for the week, helped by a weaker dollar and a jump in crude oil prices after the International...
Earnings Watch: Updates, Advisories And Surprises
-1.18% ) on Friday reaffirmed its expectations for 2010 earnings per share in the range of $4.40 to $4.65 and sees revenues of $54 billion to $55 billion for the period. FactSet analyst's on...
Bond Report: Treasurys Decline After Strong Retail-sales Data
NEW YORK (MarketWatch) -- Treasury prices declined on Friday, pushing short-term yields to a two-month high, after a report showed U.S. retail sales unexpectedly rose last month by...
Before The Bell: Yuan, British Airways, Repo 105 In Focus
Led by a big gain in electronics, U.S. retail sales increased a seasonally adjusted 0.3% in February, despite three major snow storms in the East, the Commerce Department estimated Friday. ...
Spanish, Italian Companies Pounce On ‘naked Demand’ For Bonds
March 12 (Bloomberg) -- Portuguese, Italian and Spanish companies are rushing to sell bonds, taking advantage of investors’ demand for corporate debt after Greece’s budget crisis froze...
Investors Have Turned Net Buyers Of Greek Bonds, Citigroup Says
March 12 (Bloomberg) -- Investors have been net buyers for the past three weeks of bonds issued by Greece and other so- called peripheral European nations with widening deficits, including Spain,...
New Wave Of Foreclosures Threatens Market
While banks repossessed fewer homes in February than a month earlier, borrowers continued to fall behind on their payments, adding to the inventory of properties headed toward foreclosure that have...
Policy ‘dove’ May Be Tapped For Fed Vice Chair
WASHINGTON - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar...
Turkey Sells $1 Bln Of Bonds At Lowest Cost
Turkey sold $1 billion of 11-year dollar bonds at the lowest yield on record after the government decided it did not need help from the International Monetary Fund, or IMF, to meet the...
Dominican Republic Congress Approves Us$1.0b In Bonds
Santo Domingo.- The deputies yesterday approved the placement of US$1.0 billion in bonds in the international money markets, an initiative passed with the majority vote of the ruling PLD party and...
Eu Ministers Said To Discuss Eu Bonds To Fund Any Greek Rescue
March 12 (Bloomberg) -- European Union finance ministers will discuss next week whether any Greek bailout should be funded by issuing EU bonds guaranteed by euro region governments, said three people...
Junk Bonds Pull Ahead As Txu, Freescale Soar: Credit Markets
March 12 (Bloomberg) -- High-yield, high-risk bonds are beating investment-grade debt for the first time this year as confidence in the U.S. economic recovery gains...
Cyanotech Receives Temporary Non-compliance Notice From Nasdaq Related To Its Number Of Independent Directors
KAILUA KONA, Hawaii - (Business Wire) Cyanotech Corporation (Nasdaq Capital Market: CYAN) has been notified by the Nasdaq Listing Qualifications Panel that it is not in compliance with its continued...
<font Color="#996633" Face="times New Roman,times,times Newroman">currencies: Dollar Slips As Traders Await Retail Data</font>
The U.S. dollar fell versus major rivals Friday, with the euro breaking through important chart resistance after a stronger-than-expected rise in industrial...
Indications: U.s. Stock Futures Point Higher Before Retail Data
LONDON (MarketWatch) -- U.S. stock futures Friday pointed to an extension of the week's advance ahead of economic reports on retail sales and consumer confidence. S&P 500 futures rose 2.6...
Futures Movers: Crude Futures Gain As Iea Raises Demand Forecasts
FRANKFRUT (MarketWatch) -- Crude futures rose above $82 a barrel on Friday, as the International Energy Agency raised its forecast for global oil demand, citing strong growth in China and other...
Ubs Urges Parliment To Pass Us-swiss Deal
By Katharina Bart Of DOW JONES NEWSWIRES ZURICH -(Dow Jones)- UBS AG (UBS) has stepped up its lobbying efforts for a U.S.-Swiss tax deal over confidential bank data, urging parliamentary...
Nokia Seeks Patent For Kinetic Battery Charger
STOCKHOLM -(Dow Jones)- Finland's Nokia Corp. (NOK), the world's largest mobile phone manufacturer, has filed a U.S. patent application for a gadget that uses body movement to charge the battery in...
Video Game Sales Fall Again In February
Video-game sales declined again in February, as some of the month's new releases performed relatively weakly. Sales of game software declined by 15% for the month to $624.4 million compared to the...
Summers Says Us Is Very Close To Job Growth
HOUSTON -(Dow Jones)- The U.S. economy is moving towards job creation as it sails out of the recession, White House economic advisor Lawrence Summers said...
Currencies: Dollar Rises Vs. Yen On Hatoyama Comments
TOKYO (MarketWatch) -- The dollar slipped against most rivals but gained against its Japanese counterpart in Asian trading Friday, after Japan's leader had some harsh words against yen strength and a...
Glance-europe Factors-shares Set To Track Wall St, Asia Gains
LONDON, March 12 (Reuters) - European shares were set to rise on Friday, reversing the previous session's dip and tracking gains on Wall Street and in Tokyo, with banking shares in focus after U.S....
<font Color="#996633" Face="times New Roman,times,times Newroman">currencies: Dollar Rises Vs. Yen On Hatoyama Comments</font>
The dollar slipped against most rivals but gained against its Japanese counterpart in Asian trading Friday, after Japan's leader had some harsh words against yen strength and a report suggested the...
Bright Led To Issue Nt$1.9 Billion In Bonds; Delta To Take Nt$720 Million
The board of directors of LED packaging house Bright LED Electronics has decided to issue convertible bonds worth NT$1.9 billion (US$59.79 million), of which Delta's board of directors has decided to...
China Bonds May Return 6% On Banks’ Buying, Fund Says
March 12 (Bloomberg) -- China’s yuan bonds will return as much as 6 percent this year as a crackdown on lending forces banks to “park” money in fixed-income assets, the...
<font Color="#996633" Face="times New Roman,times,times Newroman">currencies: Dollar Falls Vs. Euro As Greece Passes Budget</font>
The dollar fell against the euro Friday after Greece's parliament approved a package of budget cuts to help reduce its deficit, reinforcing perceptions that the nation might be able to sidestep...
Federal Reserve: Net Worth Gains 1.3 Percent In Fourth Quarter
WASHINGTON | Americans regained more of their shrunken wealth last quarter, mainly because the healing economy boosted stock portfolios. But the gain was less than in the previous two...
Now Is A Good Time To Buy Stocks
LOS ANGELES (MarketWatch) -- Historically, on average there have been two particularly auspicious times to buy stock each year. Right now is one of those times. We are very bullish on shares,...
Boutique Boom Fading As Wall St Banks Expand
The window of opportunity is closing for boutique bond trading firms to make a killing from market turmoil as big Wall Street banks regain their footing and rehire...
Yuan Forwards Rise For Sixth Day On Inflation, Bonds Unchanged
BEIJING -- Yuan forwards rose for a sixth day after a pickup in inflation fanned speculation the central bank will let the currency appreciate to cut import costs. Bonds were little...
Us Markets End In The Green
The US markets ended in the green. The Dow closed at 10611, stronger by 44 points or 0.4%, Nasdaq ended at 2368, higher by nine points or 0.4% and S&P shut at 1150, up four points or...
Japanese Stocks Rise To Seven-week High After Wall Street Gains
Tokyo - Stocks in Tokyo climbed in Friday morning trading to a seven-week high after overnight gains on Wall Street. The benchmark Nikkei 225 Stock Average added 43.52 points, or 0.41 per cent, to...
North Korea Bonds Due Today Spur Exotix Bet On Political Change
March 12 (Bloomberg) -- North Korean bank loans, in default since the 1970s, present an opportunity for investors willing to speculate the communist country will seek to end its political isolation...
Tokyo Stocks Open Higher On Monetary Easing Hopes, Wall Street Rise+
TOKYO, March 12 (AP) - (Kyodo)—Tokyo stocks opened higher Friday on continued hopes for possible monetary easing as well as optimism over overnight gains on Wall Street. In the first 15...
Parafin Issuance Of Preferred Shares Paid For With Bearer Bonds
In response to multiple inquiries from shareholders and potential shareholders, ParaFin Corporation felt compelled to put out a statement on the company's Bearer Bond holdings. On January 27, 2010,...
Stocks To Watch: Stocks In Focus For Friday
Russian ETF landscape   State Street launches ETF tracking Russian stocks, going up against Van Eck’s Market Vectors Russia ETF, writes MarketWatch's John...
Us Stocks Rally 0.4 Per Cent, Buoyed By Citigroup
New York - US stocks rose at least 0.4 per cent Thursday, after increases on the two previous days, buoyed by the bailed-out Citigroup's optimistic outlook. Citigroup chief executive Vikram Pandit...
European Stocks To Watch: U.k. Outperforms Continent As Both Currencies Fall
LONDON (MarketWatch) -- Both the British pound and the euro have taken a battering this year as traders fret about levels of national debt. One big difference, however, has emerged: U.K. stocks have...