Before disintegration, 4 signs of jet-engine flaws
LONDON (AP) - Rolls-Royce engines on the world's largest airliner malfunctioned four times before one of them disintegrated during flight last week, and Aviation experts said Thursday that the earlier mishaps may hold clues to design or construction flaws. Four problems dating to 2008 led to two warnings for Airlines to check parts of the Rolls-Royce Trent 900, a technologically advanced model used by 20 Airbus A380s around the world. Three of the four previous problems centered on the turbine...
Shanghai stocks tumble 5.2% on rate fears - MarketWatch
Yahoo! Buzz Hong Kong (MarketWatch) — China’s benchmark Stock index suffered its biggest loss in 14 months Friday, leading a fall in regional equity Markets, as fears of Interest-rate increases by Beijing sparked a selloff across the region. Japan will release its quarterly GDP data this week, and the Bank of Korea will announce a key Interest Rate decision. MarketWatch's Chris Oliver reports. The Shanghai Composite index /quotes/comstock/16k!i:000001 (CN:SHCOMP 2,985, -162.31, -5...
Nikkei down 1 pct, hurt by commodities, Shanghai
Fri Nov 12, 2010 12:05am EST
* Falls 1 pct as profit-taking intensifies after rallies
* Commodities hit by worries of risk money outflow
* Shanghai Shares down 2.3 pct, Hang Seng down 1 pct
By Aiko Hayashi and Chikafumi Hodo
Tokyo, Nov 12 (Reuters) - Japan's Nikkei average fell more than 1 percent on Friday as profit-taking intensified after recent rallies, reflecting sharp falls in Chinese Shares and plunges in oil and other commodities Prices.
Wariness over possible further tightening measu...
COMEX Silver Inventories Continue To Decline
On June 16, the New York COMEX had a total of 119.5 million ounces of silver in bonded warehouses to cover more than 600 million ounces of open contracts. Since then, there have been significant withdrawals almost every day, despite apparent efforts to scrounge up new silver inventories from elsewhere and also to pressure customers to not take delivery on their contracts. As of the close on July 20, COMEX silver inventories were down to 110.66 million ounces, a 7.4% decline in the past fiv...
China puts co-designer of Olympic Birds Nest stadium under house arrest.
from the Christian Science Monitor
Ai Weiwei, one of China’s best-known artists who has become an increasingly vocal critic of the Chinese Government, was about to leave for his Shanghai studio. One of China’s best-known artists and a constant thorn in the Government’s side, Ai Weiwei, says he had been put under House Arrest for the weekend.
Chinese artist Ai Weiwei poses with some seeds from his art installation ‘Sunflower Seeds’ in London, Monday, Oct. 11. Weiwei, who d...
General Electric to sink $2bn into China development as production moves from US
General Electric Co. plans to sink more than $2billion into its efforts in China through 2012. The conglomerate has shifted more production from the U.S. to China and also looks to build new partnerships there. GE said Tuesday that it will likely spend $500million on research and development and new customer innovation centers, adding more than 1,000 new Jobs. More than $1.5billion is expected to be put toward new joint ventures with Chinese state-owned enterprises in high-technology sectors. Th...
On DFHs, PTBs, and "Framing" the Coal Question
The estimable environmental writer David Roberts, of Grist, has posted an item that is gracious about many aspects of my current cover story on the inevitability of Coal -- but that challenges its basic premise, or framing. Read it for yourself, but essentially he's saying that the piece is positioned as takedown of the DFHs who are working for a Clean-energy, Renewable-sources future, rather than of the establishment Powers That Be who are complacent about Climate issues and profitably happy wi...
High Probability ETF Trading: 7 ETFs You Need to Know for Friday (JNK, HYG, EZU, XLK, IEV, VGK, SPY)
Country funds from Europe to Asia pulled back deeper into oversold territory above the 200-day moving average. Lower, but not quite yet at oversold levels are ETFs like the iShares MSCI Hong Kong Index Fund (EWH PowerRating) closing higher for eight out of the past nine days. Financials, by contrast, have lagged, with the ProShares Ultra Financials (UYG PowerRating) pulling back by well over 1% on Thursday. Here are 7 ETFs You Need to Know for Friday. Profit-taking in high yield corporate bo...
Opening Bell: 11.11.10
Fed Easing Seen As Ineffective By 75% In Global Poll Favoring ECB (Bloomberg)
Global investors doubt the Federal Reserve’s plan to buy more Treasury securities will boost the U.S. economy or bring down Unemployment and say they believe the government is pursuing a weak-dollar policy, a poll shows. Three-quarters of those surveyed say the Central Bank’s securities purchases — or Quantitative Easing — will have little or no effect on joblessness, according to the latest quarterly...
Stocks Slump on China Rate Hike Fears
Stocks and commodities fell sharply Friday amid anxiety that China will Hike Interest Rates to keep its economy from Overheating. The Dow Jones Industrial Average ($INDU) fell nearly 140 points in midday trading. Gold and Oil Prices likewise plunged.
The selling started overnight when Asian Markets tumbled on concern the Chinese Central Bank would tighten Monetary Policy to combat rampant Inflation. The Chinese benchmark Shanghai Composite index plunged more than 5%, its worst drubbing in 14 mo...
It's the global economy, stupid
NEW YORK (CNNMoney.com) -- It was only last week that investors were spending all their Time analyzing the outcome of the Midterm Elections, the Federal Reserve's Quantitative Easing announcement and the October jobs report.
How quaint.
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G-20 nations at a glance
The Market has quickly shifted from an all United States, all the Time approach to a focus on the rest of the world. And investors don't like what they see.
Sizzling Inflation numbers out of China have raised fears t...
Mining stocks fall with Dow, commodity stocks, amid fears that China's economy will slow
NEW YORK — Shares of mining companies dropped Friday with the broader Market as the price of Oil and Precious Metals fell on growing concerns that rapid growth in China will slow.
The Dow Jones industrial average dropped nearly 100 points in early afternoon trading, led by sharp losses in Energy and materials Stocks.
Investors are worried that China might have to raise Interest Rates to fight Inflation, which brought worries of waning demand for a wide range of commodities. A slowdown i...
Markets fall on concern about China
Published: Nov. 12, 2010 at 5:07 PM The "Wall Street" sign is seen with the flags that decorated the facade of the New York Stock Exchange as Stocks rebound a bit from their early morning plunge after the news that the Federal Reserve has cut Interest Rates by .75 percentage point as Recession fears grow in New York City. (UPI Photo/Monika Graff)... NEW YORK, Nov. 12 (UPI) -- U.S. Stock indexes tumbled on the New York Stock Exchange Friday as investors were concerned about reports that...
Mining stocks fall with Dow, commodity stocks, amid fears that China's economy will slow
NEW YORK — Shares of mining companies dropped Friday with the broader Market as the price of Oil and Precious Metals fell on growing concerns that rapid growth in China will slow.
The Dow Jones industrial average dropped nearly 100 points in early afternoon trading, led by sharp losses in Energy and materials Stocks.
Investors are worried that China might have to raise Interest Rates to fight Inflation, which brought worries of waning demand for a wide range of commodities. A slowdown i...
US Trade Deficit is Half Oil
A government official emphasized to me today what should be clear to anyone who follows Calculated Risk’s charts, namely that a huge element of our Trade Deficit has nothing to do with China or Manufacturing but is instead driven by Oil:
Now it’s not unusual that the US is a net Oil importer. Most countries are. But America is a much more oil-dependent country than other places are. We have more anti-density regulations, more subsidization of big houses, less taxation of Gasoline, ...
Stocks, oil prices drop on China inflation worries
In this Nov. 11, 2010 photo, specialist Glenn Carell, right, works at his... NEW YORK (AP) - Stocks and commodities Prices fell sharply Friday as investors worried that China might try to slow down its surging economy. The Dow Jones industrial average dropped nearly 120 points in early afternoon trading, led by sharp losses in energy and materials stocks. Concerns that China might have to raise Interest Rates in order to fight Inflation brought worries that demand from China could wane for a w...
Stocks, commodities drop on China slowdown worries
In this Nov. 11, 2010 photo, specialist Glenn Carell, right, works at his... NEW YORK (AP) - Stocks and commodities took a nosedive Friday on worries that China might put the brakes on its surging Economy. Any slowdown in the Chinese Economy will likely reduce global Demand for Oil, metals and grains, which sent prices of those commodities lower. The Dow Jones industrial average fell 90.52, or 0.80 to 11,192.58, led by sharp losses in energy and materials stocks. Construction giant Caterpillar...
TSX drops as overseas fears hit commodities
Derek Abma, Financial Post · Thursday, Nov. 11, 2010 North American Stock Markets declined at the start of Friday’s trading as concerns regarding China and Europe weighed on the minds of investors. Troubling investors was speculation China would raise Interest Rates to limit Inflation. Sentiment was mixed regarding the issue of government Debt in Europe, though there was some hope that current talks of Group of 20 leaders in South Korea would help mitigate the potential fallout. Min...
Study provides evidence for precognition
Extraordinary claims don't come much more extraordinary than this: events that haven't yet happened can influence our behaviour.
Parapsychologists have made outlandish claims about precognition - knowledge of unpredictable future events - for years. But the fringe phenomenon is about to get a mainstream airing: a paper providing evidence for its existence has been accepted for publication by the leading Social Psychology journal.
What's more, sceptical psychologists who have pored over a pre...
19 Chinese return home after Somali pirate ordeal
Beijing - A group of 17 Chinese sailors returned home safely after being held hostage more than four months by Somali Pirates who gave them only one meal of boiled potatoes per day, Newspapers reported Thursday.
The Pirates were paid an undisclosed amount of money in ransom after the Shanghai-based ship's owner mortgaged his home and all his shipping company shares to raise funds, the Beijing Daily said.
The group arrived in Shanghai on Wednesday on a flight from the Qatari capital of Do...
U.S. Falling Behind China in Clean Energy Investment
It is well known that the Chinese are investing more heavily in infrastructure than most other countries.This is understandable, as the country's infrastructure was in poor shape before and has to be upgraded to world-class standards. However, the Chinese are not just investing in road, rail networks, airports, dams, etc. They are also focusing on the development and implementation of next generation technologies related to Renewable Energy sources such as wind power and solar power. “The ...
As Obama arrives in Seoul, Fed decision clouds G-20 debate
Seoul - An international backlash against the Federal Reserve's move last week to pump Billions of dollars into the U.S. economy is threatening to undercut the Obama Administration's economic goals for this week's G-20 meeting of world leaders.
This Story
As Obama arrives in Seoul, Fed decision clouds G-20 debate
Poll: What is the most important issue facing the group of 20?
For U.S., Free-trade Agreement could be backdoor to China
Poll: Would U.S./South Korea Free Trade Agreement help the U....
U.S. stocks fall steeply on China concerns - MarketWatch
"RT @mktwcrum: GM, Wal-Mart earnings among U.S. highlights next week. https://bit.ly/bVMCkp" 4:11 p.m. EST, Nov. 12, 2010 from MarketWatch 4:02 p.m. EST, Nov. 12, 2010 from MarketWatch ...
Intel raising dividend by 15 percent
SANTA CLARA, CALIF. — Intel, the big chip maker, said Friday that it will raise its Dividend by 15 percent, providing welcome a note of optimism after network gear maker Cisco Systems Inc. helped drive Stocks lower this week with a disappointing sales forecast.
Both companies are bellwethers for broader technology spending and investment.
Cisco provides big companies, government agencies and service providers with the equipment that routes data over the Internet. Intel is the world's bi...
Disney, Dillard's, Nvidia, Human Genome Sciencesare big market movers Friday
NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and NASDAQ Stock Market:
NYSE
The Walt Disney Co., up $1.82 at $37.75
Stocks rebounded a day after the company said it was investigating the leak of its Fourth-quarter results, which had sparked a sell-off.
D.R. Horton Inc., down 66 cents at $11.51
The homebuilder projected weaker sales in fiscal 2011 and said it doesn't anticipate a significant bump in sales next spring.
Dillard's Inc., u...
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