Thursday, October 7, 2010

PRECIOUS METALS



Trichet Opposes `Disorderly' Currency Moves as Euro Climbs
Bloomberg
By Gabi Thesing and Simone Meier - Thu Oct 07 13:32:27 GMT 2010 European Central Bank President Jean-Claude Trichet said the recovery will continue at a "moderate" pace and monetary conditions are "accommodative. ...
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Verizon, Apple quarreled over iPhone retail options, digital content
Apple Insider
By Sam Oliver Major sticking points in negotiations between Verizon and Apple have reportedly been the wireless carrier's interest in allowing retail partners to sell the iPhone, and Verizon's promotion of its V Cast digital video-on-demand store. ...
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Weekly U.S. jobless claims drop 11000 to 445000
MarketWatch
By Jeffry Bartash, MarketWatch Economists polled by MarketWatch had expected initial claims to rise to a seasonally adjusted 455000 in the week ended Oct. 2. Claims for last week were revised up by 3000 to 456000. The news was received positively by ...
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Pepsi's Profit Rises 12%
Wall Street Journal
PepsiCo Inc.'s third-quarter profit jumped 12%, helped by improvements in its US beverages business and a rise in snack sales in Latin America. But the soda and chips giant trimmed the top end of its 2010 earnings-growth forecast amid plans to invest ...
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U.S. 30-Year Mortgage Rate Declines to Record 4.27%
Bloomberg
By Prashant Gopal - Thu Oct 07 14:01:30 GMT 2010 US mortgage rates fell for a second straight week to the lowest on record, as the housing market remained weak. Rates for 30-year home loans declined to 4.27 percent in the week ended today from 4.32 ...
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GM to recall 3996 Cadillac SRX crossovers
Reuters
DETROIT, Oct 7 (Reuters) - General Motors Co [GM.UL] is recalling nearly 4000 Cadillac SRX crossovers from the 2010 model year due to potential power steering line damage that has caused at least one fire, the automaker said on Thursday. ...
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IMF chief says global cooperation falling
MarketWatch
By Robert Schroeder, MarketWatch WASHINGTON (MarketWatch) -- Cooperation on the global economy is "decreasing," the head of the International Monetary Fund said Thursday, as he warned countries about the risks of a so-called currency war. ...
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MarketWatch
Dollar dumped as ECB signals its to exit strategy
MarketWatch
By Deborah Levine and William L. Watts, MarketWatch NEW YORK (MarketWatch) — The US dollar fell again on Thursday, pushing the euro to an eight-month high and the Japanese yen to its strongest level in at least 15 years, after European Central Bank ...
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Renault's Improving Grip on Road
Wall Street Journal
By MATTHEW CURTIN Renault is one of the cheapest but riskiest bets on the global auto sector. The stock has gotten a lot less risky now that the French auto maker has drastically reduced its debt by selling part of its stake in truck-maker Volvo AB. ...
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PRECIOUS METALS: Currency Fears Boost Comex Gold Rally
Wall Street Journal
By Tatyana Shumsky NEW YORK (Dow Jones)--Comex gold saw sustained investor support Thursday amid global fears of falling currency values and the weaker dollar. The most actively traded contract, for December delivery, was recently up 0.8%, or $10.60, ...
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