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Multiple New Sources Reporting China Will Raise Gold Reserves

Thu, 20 Nov 2008 00:13:00 GMT

Several reputable news sources are now covering the breaking story that China will likey raise is gold reserves. They are talking about adding 4000 tonnes. To put this in perspective, thats about equal to the ENTIRE global demand in a typical year for gold. The PPT better put their thinking caps on for this one, because if this happens gold could come off the leash. *** China Should Buy Gold for Reserves, Association Says By Xiao Yu and Ron Harui More Photos/Details Nov. 14 (Bloomberg) — China, the second-biggest overseas holder of U.S. Treasuries, should increase its bullion holding to diversify its reserves because the dollar may decline, the country’s gold association said. [More...]

DJ 30 Musical Chairs, AIG Edition

Fri, 19 Sep 2008 20:22:00 GMT

Dow Jones & Company announced that it will replace AIG on September 22 with Kraft Foods Inc. (NYSE:KFT). AIG received a $85 billion loan from the US Government this week.[More...]

Enthusiastic over Cheerios

Fri, 19 Sep 2008 18:56:00 GMT

General Mills (NYSE:GIS) is one of the few companies that are making shareholders happy during the current market turbulence. Perhaps they are getting a little bit too enthusiastic.[More...]

Fun Intraday Trades

Wed, 05 Mar 2008 16:00:04 GMT

Tuesday’s action provided a plethora of key set-ups and high probability trades on the short time frame intraday charts on the US Indexes.Let’s check out the Dow Jones “Diamonds” ETF (DIA):The first trade when there’s an overnight gap is to fade the gap for at least a 50% retracement and a potential full gap fade. Today only gave us...[More...]

Build Your Own Investment Portfolio, Part II

Tue, 04 Mar 2008 19:33:44 GMT

In Part I, we discussed the reason why trading does not replace long-term investing. In this installment, we will review the cornerstones upon which an investment portfolio is built.[More...]

On Berkshire Hathaway's Holdings

Wed, 15 Aug 2007 21:51:22 GMT

Warren Buffett's Berkshire Hathaway (BRK.B) has filed a 13F disclosing most (but not all) of its holdings. Information regarding two railroads, Norfolk Southern (NSC) and Union Pacific (UNP), was omitted from the public report and filed separately with the SEC (according to the public 13F). Changes getting a lot of attention online and in print include: Dow Jones & Company (DJ): This is a new position. Berkshire held 2,781,800 shares of Dow Jones as of June 30th, 2007. Some people seem confused by this one. They shouldn't be. It's simple arbitrage. Shares of Dow Jones have traded below Murdoch's offer for some time allowing Berkshire to accumulate an arbitrage position in the stock. Buffett felt he knew Murdoch well enough to know he was determined to get the deal...[More...]

Paperstand (DTV, GXP, GPS)

Tue, 14 Aug 2007 13:58:18 GMT

The WSJ reports that DirecTV (DTV) is expected to announce a wholesale agreement today with Current Group to provide high-speed Internet service over electric-power lines. Under the agreement, DirecTV will market a bundled package of Current's broadband and Voip services under the DirecTV brand.According to the WSJ, Berkshire Hathaway (BRKA) bought a small stake in Dow Jones (DJ) in the 2Q, during Rupert Murdoch's bid to win ownership of the co. Berkshire's stake comes as a surprise because Berkshire's Chmn Warren Buffett has publicly voiced concerns in recent years about the newspaper-publishing industry and the challenges it faces from the Internet and other technology.Federal authorities are preparing to file criminal charges against nearly a dozen individuals in connection to a years-long investigation into imp[More...]

Gold: rays of glitter in a murky environment

Wed, 25 Jul 2007 14:04:12 GMT

Just when everybody thought gold bullion was down and out and embarking on a downward spiral, the shine returned. Even erstwhile gold bug Richard Russell started favoring the Dow stocks over the yellow metal, but more about that later.Since my last, somewhat upbeat, article on gold bullion and gold stocks about five weeks ago they have come out of hibernation with a vengeance, with gold metal up by 3.8% and gold stocks (as measured by the HUI Gold Bugs Index) by 8.5%.One of my arguments at the time was that gold stocks, long-standing laggards at that stage, were starting to display relative outperformance against the gold price. The stocks have often in the past anticipated an imm[More...]

Paperstand (C, LEH, PEP, DJ, CLWR, S, CBK)

Thu, 19 Jul 2007 13:27:37 GMT

According to the WSJ, federal tax authorities are seeking data from Citigroup (C) and Lehman (LEH) to determine whether complex derivatives trades they engineered for hedge-fund and other clients were designed primarily to avoid taxes. Citi and Lehman have received information document requests, or so-called IDRs, from the IRS relating to the use of derivatives by offshore investors, including some big hedge funds, to sidestep withholding taxes on US stock dividend. At stake is more than $1bn in withholding taxes on US stock dividends that are sidestepped by derivatives trades structured by a number...[More...]

Paperstand (RHD, IAR, MSM)

Tue, 17 Jul 2007 12:43:46 GMT

According to the WSJ, News Corp (NWS) reached a tentative agreement for the purchase of Dow Jones (DJ) at its original $5bn offer price. The deal will be put to the full Dow Jones board this evening for its approval. The deal still faces its biggest hurdle - getting approval from the Bancroft family. Michael B. Elefante, the Bancroft family's lead trustee, has scheduled a meeting for Thu at which he would present the agreement to all Bancroft family members before asking for their final vote. Mr. Elefante is expected to give the family several days to make a decision, suggesting a final resolution could be achieved some...[More...]

The Bank nightclub at Bellagio aims to be an exercise in elegance

Sat, 28 Nov 2009 01:45:00 GMT

Nov. 27--If you walk into The Bank nightclub at Bellagio feeling like you're in for one of the richest nights of your life, then Jodi Myers, the club's original managing partner and current president of customer development for Light Group, has done her job.
From the moment you enter The Bank, the groundwork for your experience is laid, through the name of the club to the walk through the foyer lined with Cristal bottles.
"Everything is very rich and elegant," says Myers, who came up the name.

[More...]

Kraft rounds up banks to help Cadbury bid

Tue, 24 Nov 2009 22:46:00 GMT

Nov. 24--(Dow Jones)--As rivals weigh whether to top Kraft Food Inc.'s GBP9.9 billion ($16.5 billion) offer for Cadbury PLC, they are confronting an unusual situation: Kraft has extracted exclusivity agreements from the banks it is using to finance its bid, leaving contenders with few other banks to choose from.
Northfield-based Kraft, which made a hostile offer for Cadbury on Nov. 9, is being advised by Lazard and has secured a GBP5.5 billion bridge loan from a group of nine banks lead by Citigroup Inc., Deutsche Bank AG and HSBC Holdings PLC and including BNP Paribas SA, Barclays Capital, Royal Bank of Scotland Group PLC as well as Credit Suisse, Societe Generale SA and Banco Bilbao Vizcaya Argentaria SA.
The lead banks have cast the net even further and the number of banks financing Kraft's bid could grow to 18, a person familiar with the matter said earlier this month.

[More...]

Yield Black Friday success through planning and research

Tue, 24 Nov 2009 14:13:00 GMT

Nov. 24--Shanee Pigate heads to the Prime Outlets in Williamsburg at midnight on Thanksgiving Day because it's fun.
The day after Thanksgiving, referred to as Black Friday, is one of the most talked-about shopping days of the year.
For one, shoppers won't have to wait until Friday -- or midnight Thursday -- to grab deals.

[More...]

Buyers throw a house party in October: Tax credit, low prices and interest rates credited for upsurge, but some say it could be short-lived

Tue, 24 Nov 2009 10:03:00 GMT

Nov. 24--Shoppers scooped up homes in October, giving the housing market a much-needed jolt as a moribund year winds down for the industry.
The median price of a home in the Chicago area last month was $190,000, down 15.6 percent from October 2008's $225,000, the Illinois Association of Realtors said Monday.
It was the best October for sales in the Chicago area since 2006, when more than 9,000 homes were sold.

[More...]

San Jose Mercury News, Calif., Action Line column: Secrets of code enforcement

Sun, 22 Nov 2009 17:50:00 GMT

Nov. 22--San Jose code enforcement administrator Jamie Matthews was a recent guest at the Action Line chat, held at noon Mondays at www.mercurynews.com.
DJ: How has the current budget crisis in S.J. affected how your division does its job?
Matthews: It is a challenging time at the city of San Jose -- to respond to all complaints on a priority system.

[More...]

Looking for signs of hope in northwestern Pennsylvania's economy

Sat, 14 Nov 2009 13:50:00 GMT

Nov. 14--Warren Buffett, widely considered the world's most highly regarded investor, has provided a hopeful sign for the U.S. economy and for Lawrence Park-based GE Transportation.
Buffett is investing in the U.S. rail industry, agreeing recently to pay $26.3 billion to buy Burlington Northern Santa Fe Corp., the nation's largest rail operator.
You'll find investments being made and signs of hope in our own backyard -- such as the new Buybacks Entertainment store on Peach Street; the new Montana's Rib & Chop House in Meadville; investments Eriez Manufacturing Co. has made in developing new products; and a recent order for 35 GE Transportation locomotives from a Canadian National Railway.

[More...]

Economy to slowly recover, says economist

Wed, 11 Nov 2009 10:50:00 GMT

Nov. 11--CONCORD -- The recession that began in late 2007 has ended, but the recovery will be much longer than past recessions, Charlotte Federal Reserve Bank regional economist Rick Kaglic told local business leaders Tuesday morning.
"Just because we have hit bottom after we fell off a very high ledge, doesn't mean we're back," Kaglic said about the recession.
The Cabarrus Regional Chamber of Commerce met early Tuesday at the Concord Mills AMC 24 for the State of the Region Summit, featuring presentations by Lt. Gov. Walter Dalton and N.C. Sen. Ruth

[More...]

Lessons Learned in $75K Setback: Rebuild Your Nest Egg With Professional Help, Valley Couple Says

Sun, 01 Nov 2009 21:47:00 GMT

Nov. 1--SUNBURY -- A Selinsgrove couple planning to retire in five years lost $75,000 in investments during the current recession and will have to work into their 70s.
They thought they had their retirement all figured out.
"Until the stock market declined in 2008, we thought we'd have enough money, along with Social Security," Barry said.

[More...]

Lenexa-Based Bats Exchange Inc. Is a New Way of Gauging Wall Street

Sat, 31 Oct 2009 08:05:00 GMT

Investors, however, might not think they need a new answer to a question addressed by the Dow Jones industrial average, the Standard & Poor's 500, the Nasdaq composite, the Russell 2000 and myriad other stock indexes.
Still, Lenexa-based Bats Exchange Inc. launched its Bats 1000 stock index in July as its own daily read on Wall Street's ups and downs.
The Bats Exchange is an industry upstart that has grabbed about 11 percent of the daily trading volume in U.S. stocks listed on the New York Stock Exchange and Nasdaq.

[More...]

Citadel Permits Investors to Again Withdraw Funds

Fri, 30 Oct 2009 22:50:00 GMT

Oct. 30--(Dow Jones) Citadel Investment Group is allowing its investors to withdraw their money from the $14 billion Chicago hedge-fund firm, 10 months after it put up "gates" that prevented investor withdrawals, according a letter sent to investors Thursday.
The move to return cash comes on the heels of a sharp rebound in the performance of Citadel's flagship hedge funds after a difficult 2008 when the firm halted investor withdrawals.
Citadel's two big funds, Wellington LLC and Kensington Global Strategies, are up about 57 percent, the investor letter said.

[More...]

EFE Dow Jones News Goes Live; Local Market Veterans Appointed to Lead Editorial Team

Tue, 18 Nov 2008 07:55:00 GMT

Dow Jones & Company, a News Corporation company , and Spain's Agencia EFE today launched the new EFE Dow Jones News service, a joint Spanish-language news service for financial professionals, corporations, media, institutions and private investors in Spain.[More...]

Dow Jones Announces Strategic Alliance With EFE

Mon, 22 Sep 2008 08:42:00 GMT

Dow Jones, a leading provider of global business news and information services, has signed a strategic alliance with Agencia EFE, the world's fourth-largest news agency. Together they will develop an exclusive joint Spanish-language news service -- EFE Dow Jones News -- to serve financial professionals, corporations, media, institutions and private investors in Spain.[More...]

Component Changes Made to Dow Jones U.S. Select Dividend and Dow Jones Telecommunication Titans 30 Indexes

Wed, 11 Oct 2006 14:13:00 GMT

Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones U.S. Select Dividend Index and the Dow Jones Telecommunication Titans 30 Index.[More...]