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In order to earn $0.5 LR directly to your account you have to simply copy/paste one news related to money making or foreign/international politics/economics/IT (basically something that will be intersting to people around the world or money makers). Don't forget to add the source where you copied from and your LR account so I can pay you.

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Google's Peter Barron: "We're determined to learn the lessons from this mistake"

Britain's privacy watchdog is to look again at what personal information internet giant Google gathered from private wi-fi networks.

The Information Commissioner's Office had investigated a sample earlier this year after it was revealed that Google had collected personal data during its Street View project.

At the time, it said no "significant" personal details were collected.

But Google has since admitted that e-mails and passwords were copied.

Continue reading the main story

“Start Quote


We want to delete this data as soon as possible, and I would like to apologise again for the fact that we collected it in the first place.”

End Quote Alan Eustace Google On its official Google blog, senior vice president Alan Eustace wrote that the company was "mortified" to discover, after the initial investigation in May, that personal information had been collected.

Privacy watchdogs in numerous countries, including France, Germany and Canada, had also investigated the information.

"It's clear from those [external] inspections that while most of the data is fragmentary, in some instances entire e-mails and URLs were captured, as well as passwords," Mr Eustace wrote.

"We want to delete this data as soon as possible and I would like to apologise again for the fact that we collected it in the first place.

"We are mortified by what happened, but confident that... changes to our processes and structure will significantly improve our internal privacy and security practices for the benefit of all our users."

A spokesman for the Information Commissioner's Office said it had kept an eye on international investigations since its own one concluded in July.

That investigation said that the information "did not include meaningful personal details that could be linked to an identifiable person".

Enforcement powers However, Google's admission of more detailed data has prompted further action by the ICO.

"We will be making enquires to see whether this information relates to the data inadvertently captured in the UK, before deciding on the necessary course of action, including a consideration of the need to use our enforcement powers," a spokesman said.

Google's director of privacy Alma Whitten said the company would work with the ICO to answer its "further questions and concerns".

She added that the data "has never been used in any Google product and was never intended to be used by Google in any way".

Information about the gathering of personal data came to light following a request by data protection authorities in Hamburg, Germany, for more information about the operation of Google's Street View technology which adds images of locations to maps.

This revealed that Google had "accidentally" grabbed data from unsecured hotspots for years as its Street View cars captured images of street scenes.

It led to many data protection authorities pressing Google for access to the mass of data it grabbed to see whether laws on the protecting of personal information had been broken.

Google said it had since "strengthened" its internal privacy and security practices.


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Troubled-bank list shrinks

"Fewer banks are staring into the abyss" according to one number cruncher.

Highline Financial's quarterly banking watch list shrank a bit in the third quarter, the New York-based company said Friday. Highline said 744 banks this month were on its watch list, which tracks institutions scoring weakly in terms of capital, asset strength, earnings power or liquidity. That's down from 796 in June.

The number of institutions deemed in danger of failing also fell, to 259 banks with $125 billion in assets. In June, Highline said 271 banks with $130 billion in assets were on its so-called extreme list, which comprises banks scoring zero on the financial strength test and presumably in grave danger.

The firm said that of the institutions that fell off the extreme list in the latest quarter, 34 failed, four were acquired and 23 boosted their rating.

The decline in its problem and watch lists signals a tiny bit of good news for an industry that has been under intense pressure for several years and is only now returning to profitability. Highline said 92% of the 125 banks that have failed this year had scored its lowest rating before their collapse, so a smaller list may mean a few more banks will manage to hang on.

Even so, official measures continue to signal more pain ahead. The Federal Deposit Insurance Corp.'s problem list (see chart above) hit 829 last quarter, its highest level since the tail end of the savings-and-loan crisis two decades ago.

Read the original topic here

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Apple CEO hits out at competitors

Steve Jobs makes a rare Wall Street call as his company's stock price falls and iPad production misses predictions.

Steve Jobs, the CEO of Apple Inc, has lashed out at his company's rivals in a conference call with Wall Street analysts and investors after Apple released an earnings report that marked a rare failure by the consumer electronics company to meet analysts' expectations.

It was the first time Jobs joined such an investor call in two years, and he used the opportunity on Monday to predict increased success for Apple's iPad tablet computer and declare his competitors' smaller tablets "dead on arrival".

Shares of Apple fell six per cent in after-hours trading on Monday night after the company released a quarterly earnings report for the period between June 26 and September 25 that failed to meet Wall Street's predictions for gross margins and iPad production numbers.

Apple sold 4.19 million iPads in that time - the company's fiscal fourth quarter - falling below predictions that it would sell closer to five million. The company's gross margins - the amount of profit gleaned from sales revenue - was 36.9 per cent, slightly less than the expected 38.2 per cent.

But in other areas, Apple's business continued to boom. Days after the company's share price eclipsed $300 for the first time, the company posted a record revenue of $20.34 billion in the latest quarter.

Apple also stated a net profit of $4.31 billion, or $4.64 per share, exceeding most analysts' predictions of earnings between $3.43 and $4.41 per share. The price did fall below the $5.03 per share expected by analysts surveyed by Bloomberg News.

Rosy outlook

On the conference call with investors, Jobs predicted failure for the iPad's smaller rival tablets, manufactured by companies such as Samsung and Dell.

"The current crop of 7-inch tablets are going to be DOA, dead on arrival," Jobs said. "Their manufacturers will learn the painful lesson that their tablets are too small."

The iPad, which was released for the first time in April, features a 9.7-inch touchscreen.

Jobs said there were a "handful of credible" rivals to the iPad but that none could match the iPad's starting price of $499. Some analysts agree, the Reuters news agency reported, predicting that sales will jump when Apple begins offering the tablet in more countries and mass-market outlets such as Wal-Mart next year.

Following the release of Apple's earnings report, industry research group iSuppli increased its estimate for iPad sales in 2010 from 12.9 million to 13.8 million.

Apple has previously faced problems finding an adequate supply of component parts for the iPad, such as LCD panels, leading to delays in shipping the tablet to consumers who have purchased it. But as the company signs deals with new suppliers, iSuppli predicted Apple will sell a stunning 43.7 million iPads in 2011.

Though Apple seems to be dominating the tablet niche, it faces stiff competition in the world of mobile phones, where its operating system is tied to one carrier - AT&T. Google's Android operating system appears on dozens of companies devices, from Sony to Samsung, and is selling better than Apple.

Apple has scheduled a press conference on Wednesday that is widely expected to address the company's laptop computer line and Macintosh operating system, subjects that have "fallen behind" the popular iPhones, iPods and iPads, Dan Moran, a senior associate editor at MacWorld magazine, said.

Apple will likely introduce its new Macintosh operating system, Mac OS 10.7, and will probably unveil an update to the slim, ultralight MacBook Air laptop.


I hope this one is ok

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(Reuters) - Bank of America Corp (BAC.N) acknowledged some mistakes in foreclosure files as it begins to resubmit documents in 102,000 cases, the Wall Street Journal said.

The bank found errors in 10 to 25 out of the first several hundred foreclosure it examined starting last Monday, the newspaper said.

The problems included improper paperwork, lack of signatures and missing files, as well as cases in which information about the property and payment history being unmatched, the Journal said.

The bank told the newspaper that some of the defects seem relatively minor, and the bank has not found any evidence of wrongful foreclosures.

The bank found the errors while preparing less than 1 percent of the first foreclosure files that it intends to resubmit to the courts in 23 states, the Journal said.

All 50 U.S. states have started a joint investigation of the mortgage industry, focusing on allegations that, for years, banks have not reviewed documents properly or have submitted false statements to evict delinquent borrowers.

Bank of America spokesman Dan Frahm told Reuters: "We are not claiming perfection, nor can we. We are committed to getting our process right and giving our customers confidence they are being treated fairly."

(Reporting by Jessica Hall in Philadelphia and Anand Basu in Bangalore; Editing by Lincoln Feast)

Source: reuters.com

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Strikes hurt travel for France's school holidays

PARIS (AP) -- Families hoping to get away for France's school holidays faced train delays and gas shortages Saturday as strikes against the government's pension reform stretched into a 12th straight day.

French workers and students livid about raising the retirement age from 60 to 62 have wrecked havoc in recent weeks -- from shutting down hundreds of high schools to blocking airports and oil refineries across the country.

The government has been counting on the nearly 2-week-long Toussaint fall holiday to deflate the protests, but drivers trying to get away Saturday had to queue up at gas stations first.

Environment Minister Jean-Louis Borloo insisted the gasoline shortages had eased but admitted it could take a while to get back to normal. At one point, up to one-third of France's gas stations were shut down by shortages.

"In the past four days, we have seen an improvement day after day ... there is a slow but real improvement," Borloo told a news conference Saturday.

Only seven of the country's 100 departments (regions) were still affected by the shortages, he added, mostly in the west and around Paris, where 30 percent of gas stations remain closed.

At oil giant Total's Gargenville refinery depot, supporters of workers who have been striking for 10 days gathered for a picnic in the rain outside the company's facilities. A sign -- "On strike" -- hung on a closed gate.

In the past few days, the government has sent riot police to reopen refineries blocked by striking workers to get gas flowing again, but dozens of tankers are still stuck waiting to unload off ports like Marseille.

Transport Minister Dominique Bussereau told Europe-1 radio that highway gas stations were "well stocked throughout the country."

Service on the Eurostar and most TGV fast trains was normal Saturday, but regular trains linking provincial cities and commuter lines in Paris were still crippled, with service cut in half on some lines.

In the Mediterranean port city of Marseille, strikes by garbage collectors have led to small hills of rubbish rotting on the sidewalks. BFM television showed local residents and shopkeepers in plastic robes and gloves pitching in Saturday to remove the trash as strikers heckled them.

Environment Minister Borloo said it appeared the crisis was abating.

"On the train system, we're going to see improvements. There are (now) no problems in the airports and none on boats either," Borloo said in an interview with France-2 television. "We came close to a crisis of extreme seriousness."

Union leaders -- who insist the reform hacks away at French workers' hard-earned rights -- have scheduled more nationwide strikes and demonstrations for Tuesday and Nov. 6. Polls have shown that a vast majority of French people support the strikers.

In tense balloting Friday, the Senate voted 177-153 for the pension reform bill, which is expected to win final formal approval next week by both houses of parliament.

Conservative President Nicolas Sarkozy insists he has no choice but to overhaul the money-losing pension system and says raising retirement age is vital to ensuring that future generations receive any pension at all.

With government debt soaring and life expectancies stretching across Europe, many other countries are faced with similar hard choices.

Source: http://finance.yahoo.com/news/Strikes-hurt-travel-for-apf-1450543589.html?x=0&sec=topStories&pos=1&asset=&ccode=

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Google: We collected e-mails, passwords

Google collected e-mails, passwords, and URLs while the company was snapping images for its Street View service, it admitted in a blog post today.

"In some instances, entire e-mails and URLs were captured, as well as passwords," Google's senior vice president of engineering and research, Alan Eustace, wrote in a blog post today. However, Eustace was quick to point out that "most of the data is fragmentary," and the company will delete the information "as soon as possible."

Google's admission that it collected passwords and e-mails adds further detail to the comments it made back in May when it first announced it had been collecting data from Wi-Fi networks. At the time, the company said that it inadvertently collected "publicly broadcast SSID information and MAC addresses using our Street View cars."

Eustace acknowledged in today's blog post that at the time of the original announcement, Google had not "analyzed in detail the data we had mistakenly collected, so we did not know for sure what the disks contained."

However, several government regulators have. In fact, the Canadian government revealed findings this week that matched much of what Google admitted to today. The government found that a password and username "were included in an e-mail message that a person was sharing with others." In addition, the government's privacy officials found 678 phone numbers, 787 e-mail headers, and "at least five" complete e-mail messages.

Although the Canadian government said that Google's data collection broke the law, Jennifer Stoddart, the country's privacy commissioner, closed the investigation, saying that it was the "result of a careless error."

Canada wasn't alone. Earlier this year, French privacy officials who analyzed Google's data also said that passwords and e-mails were collected by Google. But U.K. watchdogs said back in July that they had not found "meaningful personal details" in the data they analyzed.

Regardless, Google seems committed to ensuring it doesn't suffer a similar embarrassment in the future.

The company said that its director of privacy, Alma Whitten, will help "build effective privacy controls" into Google products and practices. In addition, the company will initiate a new "information security awareness program" in December that will require all employees to be trained on the importance of privacy and security.

Finally, Google will require all project leaders to have a "privacy design document" that will detail how user data is kept private in a particular product. The company said those documents will be reviewed by the project leaders' managers, as well as the company's internal audit team.


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Silly Bandz, Monster.com, Dippin' Dots founders speak

LAS VEGAS — Robert Croak, Curt Jones and Jeff Taylor have dramatically different personalities, lifestyles and professional backgrounds. Yet this trio have one major attribute in common: They're each intimately familiar with the triumphs and tribulations that come with building national brands.

BCP Imports founder Croak is the guy behind the in-demand Silly Bandz. The brightly colored fashion accessory, which holds the shapes of items such as cats, palm trees and princesses, can be seen on the wrists of kids countrywide.

Dippin' Dots founder Jones produces pellets of ice cream, sherbet and other frozen treats. Cups of his tiny flavored beads are a staple at sports stadiums and amusement parks across the U.S.

And Taylor, the force behind job-search site Monster.com, has gone on to create other successful online ventures such as Baby Boomer-focused social-networking site Eons.com and the obituary site Tributes.com.

Earlier this month, the three entrepreneurs sat down with USA TODAY business reporter Laura Petrecca at the second annual Perfect Business Summit and shared their thoughts on social media, naysayers and counterfeiters. The following are excerpts, edited for clarity and space.

Read Original Topic Here

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Oil near $83 as dollar drops after G-20 meeting

SINGAPORE – Oil prices jumped to near $83 a barrel Monday in Asia as investors bid down the U.S. dollar after finance leaders at the weekend G-20 meeting agreed to avoid a so-called currency war.

Benchmark oil for December delivery was up $1.08 to $82.77 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.13 to settle at $81.69 on Friday.

Finance ministers and central bank governors from the Group of 20 major advanced and emerging nations pledged Saturday to not aggressively devalue their currencies in a bid to keep their exports competitive, but the meeting failed to produce any detailed policy initiatives.

Investors were interpreting the outcome of the G-20 meeting as a sign that policymakers will tolerate a weaker dollar without seeking to retaliate, said Victor Shum, an energy analyst with consultancy Pervin & Gertz in Singapore.

The euro jumped to $1.4045 from $1.3952 on Friday while the dollar plunged to 80.54 yen from 81.50 yen.

Commodities such as crude often rise when the dollar falls because they become cheaper to investors holding other currencies.

Crude will likely trade between $80 and $83 until the Federal Reserve details possible measures to spur economic growth, known as quantitative easing, at its meeting next week, Shum said.

Some analysts argue that the price of oil is the key to whether Asia maintains its strong economic growth.

If crude rises much higher it will spark inflation, which regional policymakers will seek to quell with interest rate hikes and capital controls, which would in turn trigger an economic slowdown, said Frederic Neumann, co-head of Asian Economics Research at HSBC.

"Energy prices are crucial," Neumann said. "If oil heads to $100 per barrel, or higher still, you'll know that it's back to 2008 and another bust."

In other Nymex trading in November contracts, heating oil rose 2.29 cents to $2.275 a gallon and gasoline gained 1.94 cents to $2.083 a gallon. Natural gas fell 3.2 cents to $3.30 per 1,000 cubic feet.

In London, Brent crude rose 99 cents to $83.95 a barrel on the ICE Futures exchange.

Source: http://news.yahoo.com/s/ap/oil_prices

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As G20 Meets, U.S. Dollar Gains Some Support

The U.S. Dollar held stead in Asian trading today, even as the meeting of the Group of 20 finance ministers sits for their first policy session in South Korea. Many investors speculate that there will be little progress regarding the question of aggressive currency devaluation.

Even the U.S. Treasury Secretary commented that this process is an ongoing one. As reported at 1:35 p.m. (JST) in Tokyo, the U.S. Dollar Index, a measure of the greenback’s strength against major currencies, rebounded slightly off of a 10-month trough but needs to break resistance at 77.60 to 77.65 .DXY in order to gain enough momentum to achieve a higher bounce.

The real meat of the issues at the G20 will be whether or not the Federal Reserve Bank will initiate additional quantitative easing measures, when they will do and by how much. Most major currencies are in a holding pattern as they wait for something definitive from the Fed. The common currency Euro rose against the U.S. Dollar, trading up .1% to $1.3934.

Against the Japanese Yen, the Euro fell .1% to 113.11 Yen with the majority of sell positions from institutional investors or hedge fund operators. Continued wariness over Japanese intervention is keeping the U.S. Dollar supported.

source here: http://www.dailyforex.com/forex-news/2010/10/As-G20-Meets-U.S.-Dollar-Gains-Some-Support/6269

By: Barbara Zigah

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WOWie Dennis, you have a Good Contest here...

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News / From Our Bureaus

Iraq Planning Currency Redenomination

16BA1417-D257-4B57-9F88-8B0C4C22BCF1_mw270_s.jpgIraqi dinars are stacked at a teller's window in a Najaf bank.

February 06, 2010 BAGHDAD -- The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL's Radio Free Iraq (RFI) reports.

Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year.

Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. He did not specify when the new notes would be issued.

Both will be legal tender in Iraq until the old notes are completely withdrawn.

Iraqi officials have had a long-running plan to redenominate the Iraqi dinar. In 2006, the Finance Ministry recommended to the Central Bank that it carry out such a plan.

Salih pointed out that banks are having a hard time accepting cash savings and deposits, but by dropping the zeros it will make it easier for both the banks to deal with their customers and for the general public to carry money. He said some 80 percent of Iraq's money supply is cash in circulation.

Salih added that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars but is currently some 25 trillion dinars.

Economic analyst Hilal al-Tahhan told RFI that the bank's move is overdue. He said he expects the currency change to go smoothly because of the decision to allow both the old and new banknotes to coexist, leading to less turbulence in the economy.

The current exchange rate is 1,167 Iraqi dinars to the U.S. dollar.

Article url: http://www.rferl.org...on/1950504.html

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Instant View: Reaction to existing home sales data

NEW YORK (Reuters) - Sales of previously owned U.S. homes rose more than expected in September, an industry group said on Monday, indicating the housing market was stabilizing at weaker levels.

KEY POINTS: * The National Association of Realtors said sales increased 10 percent from August, rising for a second straight month, to an annual rate of 4.53 million units. * August's sales pace was revised slightly down to a 4.12 million-unit pace. * Analysts polled by Reuters expected existing home sales to increase 4 percent to a 4.30 million-unit pace from the previously reported 4.13 million units in August.



"This was considerably higher than expectations, but it is not time to break out the champagne bottle. The increases in August and September are largely a payback from the collapse in home sales in July. So, although home sales are better than the previous two months, they are still considerably below the first half of the year. The same story can be told for months' supply. The drop in supply is certainly an improvement, but housing supply is still outpacing demand. This report does not change our outlook and we expect home prices to fall another 5 to 8 percent and it is fair to say we will not see a bottom until the third quarter of next year. The housing market is still far from normal."


"The data is an improvement off a very depressed level but with the robo-signer, foreclosure moratorium taking center stage at the very end of September which today's figure didn't capture and neither will October -- this number measures closings -- the figures toward year-end will look much different as distressed homes made up 35 percent of September sales."


"Existing home sales was a nice number, but we're coming off some extraordinary lows. It will take a lot more than this to get bulled up on the housing market, but the report points to some signs of stabilization not only in the housing market, but in the economy more broadly."


"It was better than expected, you saw sales increase across the board, across all regions. Overall it was a pretty strong report -- you saw homes available for sale decline which meant the inventory of unsold homes fell to its lowest rate since June. We are going to have to wait and see if this is a continuing trend or not, but the fact that it is a rise across the regions is a good sign.

"If you look at underlying consumer demand, households are still deleveraging and overall demand is a big problem which is restraining corporations which are sitting on mounds of cash."


"Existing home sales were far better than expected. That did suggest that perhaps the housing market is starting to stabilize. As a result, the positive number helped to give the dollar a modest boost off its overnight lows."


"The data's much better than we had expected but it will have zero impact on the course of U.S. monetary policy, which is on railroad tracks right now and heading in one direction, with nothing that could possibly derail it. Bernanke's mind is fixed on quantitative easing and that's what we'll get next week. On housing, I think we got overly pessimistic over the summer, and incoming data since then has been more encouraging. I see U.S. growth of 2-3 percent over the next year -- below our historic average but still respectable."


"The level is still very low, but it looks like sales are recovering again after the post-tax credit plunge. It's pretty clear that the plunge from a couple of months ago exaggerated weakness.

"The current foreclosure situation is a potential negative. Less foreclosures mean the supply of these homes for sale will go down and people will be more reluctant to buy them.

"The big drag on housing ended a year ago, but there is no sign of sustained strength."


"The number remains low, though it was higher than expected. But at these levels I'd say it's going nowhere. Prices are down year-over-year, which reflects that the housing industry is still very troubled. We know we're going to see a lot more foreclosures and sales of foreclosed houses, which will further depress prices.

"Housing remains a troubled industry, and there's a huge excess inventory overhang. I don't think there's much optimism to take from this data, especially as we await additional foreclosures."


"We've been looking for a continued recovery here and I think the September data shows that the post-tax credit bust in home sales has come to an end and we are now on a gradual recovery path.

"It's interesting that prices softened up a little bit more, and I think it's important to keep in mind that the level of home sales is still quite low. To have definitive evidence that the housing market is improving I think we would need to come off of these lows."

MARKET REACTION: STOCKS: U.S. stocks added to their earlier gains after the data. BONDS: U.S. Treasury debt prices held steady at higher levels. DOLLAR: U.S. dollar trimmed its losses versus the euro.


ID: U0205517

Source: http://finance.yahoo.com/news/Instant-View-Reaction-to-rb-3819407926.html?x=0&sec=topStories&pos=main&asset=&ccode=

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HSBC unveils its new payments management system

HSBC Global transaction Banking launched its new 'Managed Payments Service (MPS)' for corporate clients to help them outsource key elements of payments activities, connectivity and data integration. Financial institutions and large corporate customers that seek to pursue an in-house bank or payment factory strategy will be provided with a flexible, multi-bank proposition over the SWIFT network.

HSBC's Managed Payments Service allows treasurers to manage cash flow efficiently, improve their security and internal audit controls, and simplify their reconciliation and risk management. The new product enables a variety of connectivity options within a secure environment, which will easily connect with an institution's own systems. As a managed service, it utilises third party technology and data hosting, ensuring privacy around a customer's data.

The Managed Payments Service offers a multi-bank proposition via the SWIFT network and plugs into the HSBC global clearing network with automated linkages to the various payment and clearing systems. Among other things the solution also offers these services:

* data capture and transformation, allowing for straight through processing

* account level intraday reconciliation, improving efficiency and exception management

* anti-money laundering (AML) screening, and the operational tools to facilitate internal AML management

* access to a SWIFT service bureau for day-to-day management

* technical consultancy to implement the service within a customer's business


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Nikkei inches up in light trade, yen weighs

Oct 26 (Reuters) - Japan's Nikkei inched up Tuesday afternoon, helped by what some analysts said was buying of futures and short-covering as well as rises in resource-linked stocks after commodities rallied on a slide in the dollar.

Still, the Nikkei remained stuck in a narrow range with traders hesitant to take fresh long positions after the yen firmed to a fresh 15-year peak of 80.41 JPY= against the dollar on Monday, approaching a record high of 79.75 yen.

"The market gained ground slightly, helped by buying of Nikkei futures in the early afternoon, though the currency markets have been stable and it's not as if we've had any big news," said Masayuki Otani, chief market analyst at Securities Japan, Inc.

"The market was rangebound and trade was light, and that's why a move towards one direction tends to get exaggerated."

Shares of Sony Corp (6758.T) rose nearly 3 percent in the afternoon before losing steam as traders cited media reports speculating that the Japanese electronics maker could be a potential acquisition target of Apple Inc (AAPL.O). [iD:nTOE69P04I]

The benchmark Nikkei .N225 rose 0.3 percent to 9,424.34, erasing earlier small losses, while the broader Topix .TOPX was almost unchanged at 821.38.

The strength in the yen, which eats into exporters' earnings, added to investor caution ahead of the peak of the corporate earnings season.

A slew of major companies report earnings this week, including Canon Inc (7751.T) on Wednesday and Sony on Friday.

Resource stocks gained after commodities surged on Monday as the dollar tumbled on market perceptions that the Group of 20 countries at their weekend meeting did not agree on concrete steps to stop competitive currency devaluations.

Inpex Corp (1605.T), Japan's top oil explorer, rose 0.9 percent to 438,000 yen and Toho Zinc (5707.T) rose 3.1 percent to 364 yen. (Reporting by Aiko Hayashi; Editing by Chris Gallagher)

Source: http://www.reuters.com/

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Nikkei weighed down by yen but stays rangebound

* Nikkei weighed down as yen stays near record high

* Japan earnings eyed, as well as UBS, Deutsche results

* Nikkei capped by 25-day moving average near 9,500

TOKYO, Oct 26 (Reuters) - Japan's Nikkei average edged lower on Tuesday as the yen stayed near a 15-year high against the dollar, but many investors took a wait-and-see stance as Japanese firms head into the peak of their earnings reporting.

The Nikkei moved in a narrow range with traders hesitant about taking fresh long positions after the yen firmed to a fresh 15-year high of 80.41 JPY= against the dollar on Monday, approaching its record high of 79.75 yen.

"The market remains thin and rangebound today. As long as the yen's bullishness prevails, the Nikkei will be pressured," said Tomomi Yamashita, a fund manager at Shinkin Asset Management.

"The mood of the market is not too good. There are many investors showing selling interest, while there are only a few active buyers out there now," Yamashita said.

The benchmark Nikkei .N225 was trading down 0.2 percent or 21.44 points at 9,479.72 by mid-morning while the broader Topix .TOPX fell 0.3 percent to 819.19.

A slew of major Japanese companies report earnings this week, including Canon Inc (7751.T) on Wednesday and Sony Corp (6758.T) on Friday.

The market is also focusing on how Euroepean shares move after earning announcements by such banks as UBS (UBSN.VX)(UBS.N) later on Tuesday and Deutsche Bank AG (DBKGn.DE) on Wednesday, Yamashita said.

The Nikkei is expected to be supported at last week's intraday lows of around 9,310-9,320, with the upper level of its daily Ichimoku charts around 9,300 also seen as a key technical support.

Some technical resistance is seen at the 25-day average, now at 9,497.

Traders said the market will seek direction from moves in the the dollar/yen rate.

The yen inched down to around 80.73 yen against the dollar in Asian morning trade.

The strength of the yen weighed on shares of exporting companies including Sony Corp (6758.T), which was down 0.4 percent at 2,714 yen, and Toyota Motor down 0.7 percent at 2,873 yen.

Shares of GS Yuasa Corp (6674.T), Japan's top car battery maker, rose 1.4 percent to 586 yen after it raised its net profit estimate for April-September to 2.5 billion yen ($30.94 million) from 1.5 billion yen, citing a strong performance by subsidiaries overseas.

Shares of Astellas Pharma (4503.T) fell 1.1 percent to 3,025 yen after the Nikkei business daily said the drugmaker is expected to post a lower operating profit for the full year ending in March 2011, hurt by goodwill write-offs. [iD:nSGE69O0LU] ($1=80.80 Yen) (Reporting by Chikafumi Hodo; Editing by Michael Watson)


My LR : U9076347


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Bank of America finds foreclosure mistakes: report

(Reuters) - Bank of America Corp acknowledged some mistakes in foreclosure files as it begins to resubmit documents in 102,000 cases, the Wall Street Journal said.

The bank found errors in 10 to 25 out of the first several hundred foreclosure it examined starting last Monday, the newspaper said.

The problems included improper paperwork, lack of signatures and missing files, as well as cases in which information about the property and payment history being unmatched, the Journal said.

The bank told the newspaper that some of the defects seem relatively minor, and the bank has not found any evidence of wrongful foreclosures.

The bank found the errors while preparing less than 1 percent of the first foreclosure files that it intends to resubmit to the courts in 23 states, the Journal said.

All 50 U.S. states have started a joint investigation of the mortgage industry, focusing on allegations that, for years, banks have not reviewed documents properly or have submitted false statements to evict delinquent borrowers.

Bank of America spokesman Dan Frahm told Reuters: "We are not claiming perfection, nor can we. We are committed to getting our process right and giving our customers confidence they are being treated fairly."

(Reporting by Jessica Hall in Philadelphia and Anand Basu in Bangalore; Editing by Lincoln Feast)

extract path : http://www.reuters.com/article/idUSTRE69O04220101025

LR ; U3969630

thanks dennis

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"Adobe denies Microsoft’s acquisition, it views itself as an independent company"

"Adobe's growth prospects are so great that our focus is on seizing these opportunities as an independent company,"

Adobe Chief Executive Shantanu Narayen was quoted as saying by daily Financial Times Deutschland on Monday.

CEO of Adobe Systems made a statement to a German newspaper that the company plans to stay independent with no targets to merge with any firm as the speculations in media are reporting the software maker could become an acquisition target for Microsoft.

On October 7 Adobe stock jumped sharply after a New York Times report stirred speculation it might become an acquisition target for Microsoft. At Friday's close, it was still almost 10 percent higher than before the New York Times report.

The New York Times had reported that Microsoft CEO Steve Ballmer had a secret meeting with Adobe's Narayen at Adobe's San Francisco offices recently.

Meantime, Narayen told Financial Times Deutschland that Adobe is in frequent talks with all major IT companies to ensure that its products run on all types of hardware and operating systems, including Windows.

Article from ecommerce-journal.com

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anyoption™’s binary options are an exciting new type of investment. Rather than purchasing the asset itself, investors can speculate on which direction they estimate an asset will move in. When a binary option is purchased on our platform, a contract is created which gives the buyer (known here as the investor) the right to buy an underlying asset at a fixed price, within a specified time frame with us, the seller.

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3 An investor in a binary option must hold onto his option until the expiry date. He must therefore take more care when purchasing his options as he cannot sell them once they are purchased

Trading binary options on our anyoption™ platform is a novel and interesting method of investing in the financial markets. They are more straightforward and flexible than traditional options but as with all investments, planning ahead is an important part of succeeding.


LR U1178997

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Samsung will unveil Google Nexus Two on November 8

In the coming event on November 8 Samsung is rumored to announce the next iteration of the Google Android basic phone Nexus Two. As reported by Android and Me Samsung will announce the Nexus Two at a press event for which the invitations were officially sent with the note of "the unveiling of a new Android device" on that date.

Meantime, the details on the Nexus One phone remain ambiguous. According to many speculations the phone will support multiple carriers and will ship with Android 2.3, or Gingerbread.

The Nexus One handset was launched by Google in January this year as a pure Android handset (also known as a Google experience phone). With no custom use interface and no binding to the single carrier Nexus One was an interesting piece but later suffered a failure. Google was selling the device directly from its own online store and as you remember there were a great number of problems related to customers’ applications for help: people didn’t know who would solve the issues with the phone – a carrier or Google.

Besides, it was only T-Mobile who agreed to subsidize the Nexus One and soon it was discontinued. Now Samsung is the most likely manufacturer for Google pure phone. Let’s see.

Source: http://ecommerce-journal.com/news/30224_samsung-will-unveil-google-nexus-two-november-8

LR: U4865807

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Obama warns of policy rollback if Republicans win

Updated at: 0836 PST, Sunday, October 31, 2010

Obama warns of policy rollback if Republicans win CHICAGO: President Barack Obama warned Saturday that Republicans could roll back his agenda if they prevail in Tuesday's congressional elections as he sought to rally Democrats in a final campaign push.

Making his way through a four-state tour, Obama implored Democratic voters to show up in large numbers. Polls show his party is likely to lose control of the House of Representatives to the Republicans and see its Senate majority weakened.

"Unless each and every one of you turn out and get your friends to turn out and get your families to turn out then we could fall short and all the progress that we've made over the last couple of years can be rolled back," Obama told cheering campaign volunteers at his first stop in Philadelphia.

In his hometown of Chicago, a crowd estimated by Democratic officials at more than 30,000 people held signs saying "Vote this Tuesday" and "Moving America Forward."

"We've got a lot of work to do, not only to move the country forward but to make sure that the progress we've made continues," Obama said.

The president and his Democrats are facing voter discontent over an ailing economy and persistently high unemployment.

Republicans have scored points by attacking Obama's agenda, including a healthcare overhaul and huge economic stimulus plan, that they call a government overreach. Loss of the House could stall Obama's legislative efforts.

Representative John Boehner, who would likely be the new Speaker of the House if Republicans win a majority, said Obama's agenda had not fixed the country's economic problems.

"These problems didn't start under President Obama. But instead of fixing them, his policies have made them worse," Boehner said in the weekly Republican address.

Obama is battling an "enthusiasm gap," with polls showing Republicans more likely to vote than Democrats.

Another problem has been rising complaints from liberals, who helped sweep Obama to victory in the 2008 election, that he has not done enough for their causes, such as ending the wars in Iraq and Afghanistan, closing the Guantanamo military prison and reforming the immigration system.

At a rally in Bridgeport, Connecticut, Obama was heckled by a small group of AIDS activists chanting "Stop global AIDS," the latest of several such protests at his campaign events. The crowd of 9,000 drowned them out with chants of "Obama, Obama."

Forced off script, an exasperated Obama urged the hecklers to redirect their protests at Republicans who he said had no interest in funding international AIDS programs.

"We're in a difficult election," Obama said in Philadelphia. "This election is not just going to set the stage for the next two years. It's going to set the stage for the next 10, for the next 20."

Source: http://geo.tv/10-31-2010/73644.htm

MY LR Number: U0881906

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