MONEY: China Slashes Rare Earth Exports AGAIN By 35%
Jobless claims lowest in more than two years
Reuters – 1 hr 24 mins ago WASHINGTON (Reuters) – New claims for unemployment benefits dropped more than expected last week to their lowest level in more than two years, suggesting the labor market recovery was gaining strength. Full Story »
-
China defends rare earth quotas as in line with WTO
Reuters – Thu Dec 30, 5:49 am ET
BEIJING (Reuters) – China defended its export controls on rare earth minerals on Thursday, saying that they were in line with World Trade Organization rules, after a government move to slash export quotas on rare earths sparked trade concerns. Full Story »
Gregory White | Dec. 30, 2010,
- Asian markets were mostly higher in overnight trading, but the Nikkei was down 1.12%. European indices are all lower this morning, and U.S. futures suggest a lower open. Now here are the 10 unusual stocks to watch this morning >
- Initial jobless claims came in way better than expected, at 388,000. Check out the details here >
- Chinese PMI fell by slightly less than one point to 54.4 signaling a slowdown in the country’s manufacturing sector. Whether this is a product of the government’s tightening measures or not is unknown. Don’t miss: 17 facts about China that will blow your mind >
- The Carlyle Group has sold a $860 million portion of its position in China Pacific Insurance Group. The firm has made a significant profit on its original investment.
- The weakening U.S. dollar is causing problems for Japanese exporters, and the Nikkei was down 1.12% overnight as a result. Japan has not entered into currency markets to weaken the yen this month.
- South Korea’s latest review of North Korea’s military might shows the country increasing its tank and special forces units. The rise in special forces has been huge, from 20,000 two years ago to 200,000 today. Here’s the full extent of North Korea’s military threat >
- Ivory Coast’s crisis worsened overnight with the President’s supporters threatening to take over the base of his opposition on January 1. The UN now says the country, a key cocoa supplier, could be on the brink of genocide.
- Both Lockheed Martin and Australia’s Austal have won bids to build a new class of U.S. Navy warship. Lockheed’s contract is worth $3.6 billion over the next five years. Check out what the U.S. Air Force is preparing for >
- Chicago PMI surged massively in December to 68.6. Read about it here >
- The Pending Home Sales Index rose 3.5% in November. Read about it here >
- Bonus: Denise Richards was seen leaving a movie theater with her now boyfriend Nikki Sixx, of Motley Crue, last night.
Read more: http://www.businessinsider.com/10-things-december-30-2010-12#ixzz19bxe7Vls
Pinafore Acquisitions Limited Tender Offer for Notes
12/30/2010 10:49AM – Dow Jones Business News
US Mortgage Rates Mostly Rise; 30-Year Fixed At 4.86% -Freddie
12/30/2010 10:44AM – Dow Jones Business News
Groupon Aiming For IPO By End Of 2011 -NYT
12/30/2010 10:34AM – Dow Jones Business News
US Reps Bachus,Hensarling Want Fed To Slow Down On Debit Card Rules
12/30/2010 10:32AM – Dow Jones Business News
Chicago Business Barometer Hits 68.6 In Dec;Highest In 22 Years
12/30/2010 10:27AM – Dow Jones Business News
ECB Nowotny: Some Euro Zone Countries Could Face Further Challenges
12/30/2010 10:26AM – Dow Jones Business News
Swedish Court Decides To Hold Suspected Terrorist
12/30/2010 10:23AM – Dow Jones Business News
IMF Economist Sees Europe Bank Bailouts Likely `Quite Limited’
12/30/2010 10:21AM – Dow Jones Business News
DJ-BTMU Barometer Jumps In Latest Week
12/30/2010 10:14AM – Dow Jones Business News
MARKET SNAPSHOT: U.S. Stocks Drop After Jobless, Manufacturing Data
12/30/2010 10:11AM – Dow Jones Business News
Table Of Data From US Chicago Purchasing Managers’ Report
12/30/2010 10:07AM – Dow Jones Business News
BOND REPORT: Treasurys Slip As End-of-year Approaches
12/30/2010 10:04AM – Dow Jones Business News
LONDON MARKETS: Randgold Resources, Vodafone Lean On FTSE
12/30/2010 10:02AM – Dow Jones Business News
UPDATE: Carrefour Opens First Wholesale Store In India
12/30/2010 9:33AM – Dow Jones Business News
UPDATE: Chile Sept-Nov Unemployment 7.1% Vs 7.6% In Aug-Oct
12/30/2010 9:28AM – Dow Jones Business News
US Online Holiday Sales So Far Rise 13%: ComScore
12/30/2010 9:16AM – Dow Jones Business News
India Cabinet OKs Infusion Of INR12 Billion Equity Into Air India
12/30/2010 9:15AM – Dow Jones Business News
CIT To Redeem $500 Million Of Notes As It Continues Efforts To Cut Debt
12/30/2010 9:09AM – Dow Jones Business News
UPDATE: Airbus 2010 Order Intake At Least 50% Above Initial Forecast
12/30/2010 9:00AM – Dow Jones Business News
DATA SNAP: US Weekly Jobless Claims Hit Lowest Level Since July ’08
12/30/2010 8:45AM – Dow Jones Business News
Capital Shopping Shareholders Trim Stakes Below Simon Offer
12/30/2010 8:37AM – Dow Jones Business News
WPP Digital Buys US Digital Agency Blue State Digital
12/30/2010 8:18AM – Dow Jones Business News
CONSUMER FINANCE: Whether Mom Works Or Not, The Kids Are OK
12/30/2010 8:13AM – Dow Jones Business News
Chile Sept-Nov Unemployment Falls To 7.1% Vs 7.6% In Aug-Oct
12/30/2010 7:25AM – Dow Jones Business News
UK’s John Lewis Says Sales Off To A Strong Start
12/30/2010 7:22AM – Dow Jones Business News
Industrial Cos See Acquisitions As Hedge Against Slower ’11 Growth
12/30/2010 6:44AM – Dow Jones Business News
Denmark Terrorist Attack Suspects To Be Held For A Month
12/30/2010 6:38AM – Dow Jones Business News
Hungary Media Law Should Only Be Criticized On Abuse-Official
12/30/2010 6:14AM – Dow Jones Business News
Holy See Outlines New Rules To Fight Money Laundering, Terrorism
12/30/2010 6:14AM – Dow Jones Business News
Bomb Explodes Near Greek Embassy In Argentina
12/30/2010 6:13AM – Dow Jones Business News
Read more: http://www.nasdaq.com/aspx/market-headlines.aspx#ixzz19byFGTB8
YouTube’s Most-Watched Sports Videos Of 2010
If you haven’t seen these yet, watch them RIGHT now.
Business Photos 
Stock Markets 
Xe Services 
-
IMF sees slow growth in 2011 for rich nations
Reuters – 34 mins ago
WASHINGTON (Reuters) – A two-speed global recovery will extend into 2011, with growth slow in developed countries while emerging-market economies power ahead, the International Monetary Fund’s chief economist predicted on Thursday. Full Story »
-
FTSE opens higher after holiday break
AFP – Wed Dec 29, 3:47 am ET
AFP/FileLONDON (AFP) – London’s leading stocks rose at the start of trading on Wednesday after the extended festive holiday. Full Story »
-
Spain reins in debt issuance ambitions in 2011
Reuters – Wed Dec 29, 10:49 am ET
MADRID (Reuters) – Spain aims to sell far less debt in 2011 than it did in 2010, keeping a lid on new issuance as it looks to balance deficit-reduction goals and a market seeking high returns to invest in peripheral euro zone economies. Full Story »
Meet The Future CEO King Of IAC: Playboy, Prince Alexander Von Furstenberg
Yes, that’s his real name. He’s really a Prince, and that’s his fiancée in the pictures.
Hedge Fund Trader Says Ex-Wife’s Attempt To Ruin His Career With Sex Tapes Is “Comical”
So he’s a hedge funder, not a prude, and has a sense of humor — how’d she let this one go?
Ford Introduces Nanny State Technology Letting Parents Control How Fast Their Kids Drive
How about a 65 mph hard speed limit?
Technology That Rocked The Working World In 2010
Remember the days when cloud computing didn’t exist?
CHART OF THE DAY: Loan Growth Just Went Positive In Everyone’s Least Favorite Market
The eurozone’s corporations may be coming back.
17 Statistics That Prove We Have Sold Our Grandchildren Into Perpetual Debt Slavery
It’s much worse than ever, and you should be alarmed.
Krugman: This Blizzard Is Your Katrina Moment Mayor Bloomberg
His “Brownie-you’re-doing-a-heck-of-a-job moment.”
Here’s How to Turn Your 12-Year-Old Into A Money-Making Machine
Get your kids started on entrepreneurship early. Here are business ideas even five-year-olds can do.
Initial Jobless Claims Come In At 388,000, Way Better Than Expected
Expectations were for 415,000 new claims.
10 Unusual Stocks Attracting Huge Interest This Morning
Lockheed wins new contract, selloff in Japan hits Toyota and Honda, and more rare earths news.
68-Year-Old Russell Miller Punches Teen Who Wouldn’t Turn Off iPhone On Plane
The kid wasn’t listening to the stewardess during landing.
India Arrests Citi Banker In Alleged $85 Million Investment Scheme
Shirav Puri promised 18% returns to millionaires.
Foreclosures Spike Across The Board In Q3 With Even Prime Mortgages Getting Hit
But there may be some signs of stability from the Office of Thrift Supervision.
The Next Cities To Hit New Lows For Housing: New York, Detroit, Chicago
The double dip is setting all kinds of records.
-
Cal-Maine Foods 2Q net income down on feed costs
AP – Mon Dec 27, 3:39 pm ET
JACKSON, Miss. – Second-quarter net income at Cal-Maine Foods Inc. fell nearly 6 percent, the company said Monday, citing higher feed costs. Full Story »
-
Euro turns to problem for Eastern Europe
AP – 22 mins ago
BRATISLAVA, Slovakia – Bells pealed and fireworks shot across midnight skies in Bratislava two years ago, as Slovaks celebrated not only the New Year but also their country’s long-sought entry to the club of nations using the continent’s common currency, the euro. Full Story »
-
Average rate on 30-year mortgage up to 4.86 pct.
AP – 37 mins ago
NEW YORK – The average rate on 30-year fixed mortgages rose this week to the highest level in seven months, reflecting higher yields on long-term Treasurys. Full Story »
-
Spain PM says economy will grow in 4th quarter
AP – 38 mins ago
MADRID – Spain’s prime minister said Thursday he expected the Spanish economy to grow again in the final three months of the year after a flat third quarter performance raised fears that the eurozone’s fourth largest economy could be heading back into recession. Full Story »
-
Blizzard delays $1 billion in holiday sales
Reuters – Wed Dec 29, 9:35 pm ET
ReutersNEW YORK (Reuters) – A blizzard in the Northeast this weekend postponed about $1 billion in holiday retail sales by keeping shoppers out of stores in the days after Christmas, research firm ShopperTrak said on Wednesday. Full Story »
-
Signed contracts to buy homes up 3.5 pct. In Nov.
AP – 33 mins ago
NEW YORK – The number of people who signed contracts to buy homes rose in November, the fourth increase since contract signings hit a low in June. Full Story »
-
Oil at $90 brings small OPEC supply rise: survey
Reuters – 40 mins ago
LONDON (Reuters) – OPEC output has risen slightly in December as Nigerian supply has increased, a Reuters survey found, indicating the group has yet to boost production substantially in response to prices at a 26-month high. Full Story »
-
Profs’ website urges rich to ‘give back’ tax cuts
AP – Wed Dec 29, 4:44 pm ET
NEW HAVEN, Conn. – Upset the federal government recently extended tax cuts for the rich, three professors at Yale and Cornell universities have created a website that encourages wealthy Americans to give their tax savings to charities and send a political message in the process. Full Story »
-
Ford recalls F-series pickups, Edge, Lincoln MKX
Reuters – 1 hr 31 mins ago
ReutersDETROIT (Reuters) – Ford Motor Co is recalling 14,737 new vehicles including its biggest seller, the F-series pickup truck, due to the chance than an electrical short could cause a fire, U.S. federal regulators said on Thursday. Full Story »
Columbia Sportswear Leader Gert Boyle 
G-20 Protests 
G-20 Summit 
GM ends Pontiac after 84 years