MONEY: Detroit automakers post solid April sales gains, # Pakistan Says Told US About Compound In 2009, # The Financial Fallout From Osama Bin Laden’s Death, # China Is Zooming Towards A Gigantic Credit Collapse

May 4, 2011

By CMAC

Reuters

Wall Street stock index futures point to gains

Reuters – 1 hr 35 mins ago (Reuters) – Stock index futures pointed to a slightly higher open for Wall Street on Wednesday, reversing the previous session’s losses, with futures for the S&P 500, Dow Jones futures and Nasdaq futures up 0.1-0.2 percent by 4:49 a.m. ET. Full Story »

Slideshow: Stock Markets

Glencore targets $11 billion as IPO draws key investors

Reuters – 2 hrs 29 mins ago

Applied Materials to buy Varian Semiconductor for $4.9 billion

Reuters – 16 mins ago

2nd UPDATE: Siemens Raises 2011 Outlook After Profit Jumps
05/04/2011 6:38AM – Dow Jones Business News

Satellite Images Reveal Massive North Korean Gulag, Containing 200,000 Prisoners

Gus Lubin | 361 |

2

Working in the coal mines.

10 Fascinating Things We Just Learned About Dunkin’ Donuts

Joe Weisenthal
5,911 |

2

More

RSS What’s Happening

BIG MISS: ISM Services Index Dives To 52.8

Gregory White | May 4, 10:00 AM | 10 |

Much weaker than expected.

Sorry, Republicans, The Economy Is Not Crappy Because Of “Uncertainty” And “Regulation”

Henry Blodget | May 4, 9:56 AM | 108 |

Don’t believe that one for a second.

Read more: http://www.businessinsider.com/#ixzz1LOQvSh8V

Uganda Lawyers Strike Over Food Protests Crackdown, Call For Talks
05/04/2011 6:36AM – Dow Jones Business News

Australian Energy Minister Backs Nuclear Power After Fukushima
05/04/2011 6:14AM – Dow Jones Business News

EU OKs Merger Of Orange Juice Businesses Of Votorantim, Fischer
05/04/2011 6:00AM – Dow Jones Business News

UPDATE: Pakistan Says Told US About Compound In 2009
05/04/2011 5:51AM – Dow Jones Business News

RenRen IPO Goes NUTS, One Day After Chinese Net Stocks Get Killed

Joe Weisenthal | May 4, 9:48 AM | 190 |

Everything turned out okay.

President Obama Filled Out His NCAA Bracket While Planning The Bin Laden Raid

Dashiell Bennett | May 4, 9:29 AM | 216 |

9

He did pretty good too.

The Most Outrageous Behavior From The Deutsche Bank Unit Accused Of Mortgage Fraud

Katya Wachtel | May 4, 9:28 AM | 393 |

3

The government argues that complaints were literally just stuff in a closet.

13 Unusual Ways Sergey Brin And Larry Page Made Google The Company To Beat

Alyson Shontell | May 4, 9:18 AM | 3,852 |

Bickering, scooters, and TGIF.

Albert Edwards Explains Why The Profit Surge Has Flatlined And Stocks Are About To Drop

Gregory White | May 4, 9:02 AM | 658 |

1

In a post QE2 world, things don’t look so bright.

Pakistan Blames The U.S. For Intelligence Failure

Robert W. Johnson | May 4, 9:00 AM | 451 |

6

And their officials just want to move on.

video

This Week In Florida: An Alligator Bites A Cop Car

Gus Lubin | May 4, 8:36 AM | 346 |

2

It won’t let go even as the car reverses.

India Had Warned The U.S. That Bin Laden Was Hiding Close To Islamabad

Mamta Badkar | May 4, 8:31 AM | 1,254 |

4

Why didn’t the U.S. listen?

Smoke

The 10 Silly Things Americans Blow The Most Money On

Got a light?

53 |

4

Suddenly, Top Facebook Employees Are Quitting Again

exclusive

Why?

2,011 |

1

CHART OF THE DAY: This Trend Trumps Fed Tightening, Surging Commodities, And Softer Sales

New jobs coming soon.

674 |

1

Politics In 60 Seconds: What You Need To Know Right Now

OBL, Pakistan, The New Dust Bowl and a majority of Americans pay no Federal income tax at all.

443 |

2

And The Silver Plunge Begins Again

Will we break below $40?

661 |

2

Read more: http://www.businessinsider.com/#ixzz1LOR5ibdY Thai Government OKs Waiver Of Corporate Tax On Dividends From Offshore Firms
05/04/2011 5:42AM – Dow Jones Business News

Thai Cabinet Appoints Nawaporn As New SEC Chairwoman
05/04/2011 5:39AM – Dow Jones Business News

ECB Allots No Money At 7-day Dollar Swap Operation
05/04/2011 5:24AM – Dow Jones Business News

Pakistan PM Calls For World’s Help Against Terrorism
05/04/2011 5:03AM – Dow Jones Business News

China Commerce Ministry: Regret For US Evaluation On China Intellectual Property Protection
05/04/2011 4:59AM – Dow Jones Business News

BBA Aviation Has GBP300 Million-GBP400 Million To Fund Investment – CEO
05/04/2011 4:59AM – Dow Jones Business News

Nokia Siemens Gets Wind Hellas Network Deal In Greece
05/04/2011 4:48AM – Dow Jones Business News

Portugal Bonds Rally On Bailout News
05/04/2011 4:48AM – Dow Jones Business News

Now The White House Is In Hot Water For Changing Its Story And Shooting Bin Laden In Cold Blood

Henry Blodget
5,477 |

Read more: http://www.businessinsider.com/#ixzz1LNcIraEi

Irish Deputy PM: Confident Of Securing Better Bailout Deal
05/04/2011 4:13AM – Dow Jones Business News

UPDATE: SABMiller Names New CFO As Wyman Announces Retirement
05/04/2011 4:12AM – Dow Jones Business News

LONDON MARKETS: Miners, Oil Firms Lead FTSE Lower; Next Gains
05/04/2011 4:04AM – Dow Jones Business News

Delhaize Profit Drops More Than Expected
05/04/2011 4:00AM – Dow Jones Business News

Vietnam Gets $22.5 Million Loan From OPEC Fund For International Development
05/04/2011 3:58AM – Dow Jones Business News

Bumi Armada Plans Public Issue Of 644.2 Million New Shares In IPO
05/04/2011 3:57AM – Dow Jones Business News

Source: Don’t Expect Yuan Discussion At Asean+3 Finance Ministers’ Meeting
05/04/2011 3:53AM – Dow Jones Business News

Foreigners Net Buyers Of VND459 Million Vietnam Shares Wednesday
05/04/2011 3:51AM – Dow Jones Business News

Samsonite Plans To Raise Around US$1 Billion In Hong Kong IPO; To List In June – Source
05/04/2011 3:45AM – Dow Jones Business News

DATA SNAP: Spanish April Jobless Claims -1.5% MoM, +3.1% YoY
05/04/2011 3:14AM – Dow Jones Business News

India Ministerial Panel Likely To Meet May 11 On Fuel Prices
05/04/2011 3:00AM – Dow Jones Business News

Thai Cabinet Rejects Auto Excise Tax Restructuring Plan
05/04/2011 2:59AM – Dow Jones Business News

US Bancorp Offers SunRun $200 Million In Rooftop Solar Financing
05/04/2011 2:59AM – Dow Jones Business News

UPDATE: Coca Cola Amatil Says May Take Some Operations Offshore On A$ Rise
05/04/2011 2:56AM – Dow Jones Business News

BP Announces Resolution Of Federal Civil Claims On Prudhoe Bay
05/04/2011 2:46AM – Dow Jones Business News

Microsoft Has Serious Case Of The Wal-Mart Disease

The software giant’s earnings may be up, but the stock is no value play. Steve Ballmer and Co. are no longer selling what customers really want. Continue »

Adam Hartung

Why Pfizer Will Break Up

Forbes
The Financial Fallout From
Osama Bin Laden’s Death

Forbes
Portugal Negotiates $115B Bailout From EU, IMF

Associated Press
Why Amazon May Be Only One That Can Build iPad Killer

Forbes
Did Deutsche Bank Really Hide Its Bad Audits In A Closet?

Forbes
Nissan To Be Next Supplier Of New York City Taxi Cabs

Forbes

Oil Surges Past $110 A Barrel

Credit Suisse: The End Of QE2 Will Lead To A Sell-Off

Read more: http://www.businessinsider.com/#ixzz1LNcedMYN

special features

Names To Know: Aurora Algae

World’s Billionaires

World’s Biggest Companies

Karachi Stocks CRUSHED In Third Straight Day Of Post Bin-Laden Selling

Joe Weisenthal | May 4, 6:44 AM | 0 |

Here’s your proxy for US-Pakistan relations.

UBS Economist Explains Why China Is Zooming Towards A Gigantic Credit Collapse

Joe Weisenthal | May 4, 6:27 AM | 170 |

A new bear case emerges.

Read more: http://www.businessinsider.com/#ixzz1LNco6twt

2011′s Top Tech Investors

Highest Paid CEOs

Apply To Be On Forbes’ List

The Fictional 15

Hip-Hop’s Wealthiest

Financial Firsts

Living Well In Retirement

Peter Schiff: Now’s A Perfect Time To BUY SILVER

Joe Weisenthal | May 4, 6:05 AM | 190 |

1

Never mind that gigantic collapse.

They Called Themselves The Khans, Paid Their Bills On Time, Drove A Red Suzuki… MEET THE BIN LADENS

Susan Ryan, thejournal.ie | May 4, 5:49 AM | 354 |

Neighbors were only slightly suspicious.

Today In Diet News: Salt Is Healthy Again

Eric Falkenstein, Falkenblog | May 4, 5:42 AM | 200 |

2

Salt eaters get fewer heart attacks.

Soros Has Begun Dumping Gold And Silver, While John Paulson Says Gold Will Go To $4,000

Joe Weisenthal | May 4, 5:07 AM | 1,202 |

5

Hedge funders react to a changing market.

Pakistani Media: Bin Laden Was Actually Killed By His Own Bodyguards

Joe Weisenthal | May 4, 4:53 AM | 998 |

5

Meanwhile, his daughter says something totally different.

Here’s Your Daily Dose Of UK Economic Disaster

Joe Weisenthal | May 4, 4:36 AM | 594 |

7

Might as well make this a regular feature.

Shanghai Stocks Pummeled, European Markets Turn Higher

Joe Weisenthal | May 4, 4:32 AM | 288 |

Really bad.

The Last Thing Obama Can Do To Save The Economy

Joe Weisenthal | May 3, 10:16 PM | 2,196 |

We’re back to this.

Read more: http://www.businessinsider.com/#ixzz1LNdOifOO

The World’s Most Powerful People

2011 Investment Guide

America’s Biggest Charities

The Gentleman’s Gift Guide

America’s Largest Private Companies

Secrets Of The Self-Made

Globalization

Personal Best

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Aviation Industry Corp Of China Sells CNY5 Billion Bonds Via Private Placement
05/04/2011 2:37AM – Dow Jones Business News

UPDATE: Siemens Profit Jumps On Areva Gain; Raises Forecast
05/04/2011 2:31AM – Dow Jones Business News
Read more: http://www.nasdaq.com/aspx/market-headlines.aspx#ixzz1LNasHmv8

Business Slideshows

More Business Slideshows »

Portugal aid terms likely to spark 2-year recession

Reuters – 1 hr 31 mins ago

Reuters

LISBON (Reuters) – Conditions attached to a 78 billion euros bailout of Portugal’s debt-ridden economy are likely to propel it into a deep recession for two years, an official source said on Wednesday. Full Story »
China 2011 growth seen solid, inflation to quicken: Reuters poll

Reuters – 14 mins ago

BEIJING (Reuters) – China’s roaring economy will slow a touch this year, with inflation staying stubbornly above the government’s 4 percent target, arguing for monetary policy to tighten further, a Reuters poll showed. Full Story »
European stocks slip after bin Laden killing

AFP – Tue May 3, 7:12 am ET

AFP/File

LONDON (AFP) – Europe’s main stock markets slid on Tuesday, as London traders returned from a four-day holiday weekend and euphoria faded over the killing of al-Qaeda leader Osama bin Laden, analysts said. Full Story »
Wal-Mart to spend $759 million in Brazil this year

Reuters – Tue May 3, 4:48 pm ET

BRASILIA/SAO PAULO (Reuters) – Wal-Mart Stores Inc , the world’s biggest retailer, will invest 1.2 billion reais ($759 million) in Brazil this year to tap buoyant consumer demand in Latin America’s largest economy, the unit’s top executive said on Tuesday. Full Story »
StanChart cuts staff to combat cost pressures

Reuters – 2 hrs 21 mins ago

Reuters

HONG KONG/LONDON (Reuters) – Standard Chartered Plc said it had cut 800 jobs this year to restrain rising costs after making record first quarter profits and revenue on the back of strong Asian markets like India and Hong Kong. Full Story »
Portugal raises $1.67B as it awaits bailout cash

AP – 30 mins ago

LISBON, Portugal – Portugal has raised euro1.12 billion ($1.67 billion) in an auction of 3-month Treasury bills, a day after officials said the cash-strapped country had agreed on a euro78 billion bailout. Full Story »
Feds sue Deutsche Bank, alleging mortgage fraud

AP – Wed May 4, 12:42 am ET

NEW YORK – The federal government sued Deutsche Bank Tuesday, saying the bank committed fraud and padded its pockets with undeserved income as it repeatedly lied so it could benefit from a government program that insured mortgages. Full Story »

Portugal becomes third eurozone bailout case

AFP – 1 hr 23 mins ago

AFP/File

LISBON (AFP) – Portugal is now the third eurozone country to do a debt-rescue deal with the European Union and IMF, announcing a three-year package worth 78 billion euros. Full Story »
BNP’s bumper Q1 sets high bar for rivals

Reuters – 55 mins ago

PARIS (Reuters) – BNP Paribas, France’s biggest listed bank, beat first-quarter forecasts, driven by strong retail growth and resilient investment banking that bolstered investor confidence and set a high bar for rivals. Full Story »
Moody’s cuts BofA mortgage servicing ratings

Reuters – Tue May 3, 6:33 pm ET

CHARLOTTE, North Carolina (Reuters) – Bank of America Corp’s mortgage servicer quality ratings were downgraded by Moody’s on Tuesday, because of a deterioration in the company’s collections and loss mitigation on home loans. Full Story »
Asia’s growth to cool as inflation heats up

Reuters – 1 hr 36 mins ago

Reuters

SINGAPORE (Reuters) – Soaring food and energy prices may temper Asia’s economic outlook this year, putting central bankers in a tight spot as they try to cap inflation without choking off growth, Reuters polling data shows. Full Story »
Pfizer 1Q net up 10 percent on lower costs, taxes

AP – Tue May 3, 7:18 pm ET

AP

Pfizer Inc. reported flat first-quarter sales and shaved its revenue forecasts Tuesday as generic competition eats away at key drugs and pressure builds for the drugmaker to sell or spin off parts of the company. Full Story »
Detroit automakers post solid April sales gains

Reuters – Tue May 3, 6:26 pm ET

Reuters

DETROIT (Reuters) – GM, Ford and Chrysler showed much faster sales growth rates in April than Toyota and most other Japanese brands, in a sign that supply disruptions as a result of Japan’s March 11 earthquake are hitting Japanese manufacturers hardest. Full Story »

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