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• Thursday, March 11th, 2010

TradingScreen integrates to FMO Portfolio Management System
The latest FMO release features improved-real time and historic reporting of fund performance across multiple prime brokers and custodians to manage counterparty risk and provide clients additional process transparency.

Buy-Side And Sell-Side Firms Focus On Data Quality And Consistency
A Thomson Reuters and Lepus survey of 100 buy- and sell-side firms revealed that more than three quarters of participants (77%) intend to increase spending on projects that address data quality and consistency issues.

Europe Markets: VW, BMW rev higher while Europe ends lower
Automakers Volkswagen and BMW revved higher Thursday while miners struggled as stocks across Europe edged lower Thursday.


Incentive Capital Management Selects Pricing Partners
Dublin-based asset manager chooses Price-It Excel to price and risk manage its inflation linked derivatives business.

Analysis: AIG’s Derivatives Trades Go Back Decades
The year was 1990 and Barack Obama was elected the first black president of the Harvard Law Review. The first Gulf War against Iraq began. And a Brookfield Asset Management unit entered into a complex derivative deal with AIG.

Economic Report: Debt grows at slowest pace on record
U.S. debt grew at the slowest pace on record during the fourth quarter, as households and businesses continued to deleverage, nearly offsetting another huge increase in federal debt.


Bond Report: Treasurys slip before auction of long bonds
Bond traders gear up for the last auction of the week, in which the government will sell $13 billion in 30-year bonds, with the securities trading near the highest yields in two years.


Senators to Seek Wider ‘Volcker Rule’
Two Senate Democrats said they will propose placing new limits on proprietary trading by banks and nonbank financial firms, widening the ‘Volcker rule’ backed by the White House.

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• Thursday, March 11th, 2010

A decade later, lessons in the Nasdaq collapse (Reuters)
Reuters – Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points — a peak that the technology-heavy market shows no sign of scaling again any time soon.

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• Thursday, March 11th, 2010

CFTC, SEC Eye Clearinghouses Governance
Congress should give U.S. securities and futures regulators the authority to ensure clearinghouses are protected against conflicts of interest, the chairman of the Commodity Futures Trading Commission said.

Europe cries foul over US defence tender
European countries have accused Washington of foul play after the continent’s largest aerospace and defence company pulled out of a multibillion-dollar race to supply the US military, alleging unfair ­competition

CBOE to take first step towards IPO
The Chicago Board Options Exchange, the world’s last big member-owned exchange, filed an application with US regulators for an initial public offering

Airlines offer concessions to secure alliance
The planned global alliance between British Airways, American Airlines and Iberia moves closer to securing regulatory approval as European officials begin testing the concessions offered by the airlines

Bernanke Wants Answers on Goldman Role in Greece
U.S. regulators are probing how Wall Street firms like Goldman Sachs helped debt-stricken Greece arrange derivatives deals that critics say were used to disguise the size of its budget deficits.

In Praise of Shorts and Financial Speculation
While the stocks of many investment banks tanked and a number failed, it wasn’t the short sellers that created the problems.

Senate Financial Reform Bill Hits Snag
Marathon weekend negotiations in the U.S Senate on financial reform failed to result in a bipartisan breakthrough, with disagreement over how much power to give a consumer watchdog office still a key hurdle.

Edward Jones Selects Broadridge for Company-Wide Performance Reporting
Aspire Performance Reporting service now deployed for 12,000 financial advisors and nearly seven million clients.

Economic data can be misleading
Headline-grabbing data releases might be painting a rosy picture of the US economy at the moment – but it would be wise to keep an eye on what other, less-scrutinised surveys are showing, says Rob Carnell

Senators to Seek Wider ‘Volcker Rule’
Two Senate Democrats said they will propose placing new limits on proprietary trading by banks and nonbank financial firms, widening the ‘Volcker rule’ backed by the White House.

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• Wednesday, March 10th, 2010

Sony unveils PlayStation Move motion controller
Sony lifts the wraps on its new motion-control video game system called PlayStation Move, which is expected to hit the market later this year.


Our Supercomputer Loves These Stocks
Revising the lessons of Garry Kasparov’s historic loss to an IBM computer.


BofA to scrap overdraft fees for card users
Bank of America said it would eliminate overdraft fees for debit card customers in a move designed to quell consumer frustration and keep the bank a step ahead of egulations that restrict such charges

Economic Report: Australia unemployment rate matches forecast
Australia’s unemployment rate climbs in February, with the result matching market forecasts, although a disappointment in the number of jobs created sends the Australian dollar lower.


Books Are Dead. Long Live Books!
New technology could keep paper books alive, despite digital disruption.


Verizon Puts the NFL Right in Your Pocket
You don’t have a Verizon phone? Two-hundred tons of muscle and shoulder pads wants you to buy one.


You Paid How Much for That?
Abbott steps up where Biogen Idec wouldn’t.


2-Star Stocks Poised to Plunge: Tiffany?
Market-lagging returns could be written in these two stars.


Are You Ready For the Next Leg of the Bull Market?
This market expert thinks more gains are on the menu.


Are Annuities Ever Not Stupid?
Only in one rare instance.


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• Wednesday, March 10th, 2010

Economic Report: China’s consumer prices rise more than expected
China’s consumer price index accelerate to a pace of 2.7% in February from the year-earlier month, driven by a surge in food prices.


Chances missed at GMAC to protect taxpayers: panel
The Treasury Department missed valuable opportunities to protect taxpayers as part of its $17.2 billion bailout of auto-lending company GMAC, a congressional watchdog group says in its latest report.


CME faces serious threat to its ascendancy
Market-based and legal assaults to the group may change the terrain of the futures industry

Simon Constable: Buy-and-hold dead in stop-and-go economy
Those pesky 1970s with their financial troubles just won’t seem to go away, writes Simon Constable.


Peter Brimelow: Turnaround letter is on a tear
A top-performing letter refuses to big-think about the stock market. But, hey, it’s sounding optimistic, anyway, writes Peter Brimelow.


Asia Markets: Indian sugar stocks turn bitter on rise in output
A swift, painful correction in Indian sugar stocks over the last few weeks may still have some way to go, as the freefall in sugar prices continues amid an increase in global production.


Financial jobs abound in Hong Kong amid upturn
While financial-services workers in the West are still reeling from the aftermath of the global economic crisis, Hong Kong’s finance sector is desperately looking for personnel at all levels.


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• Wednesday, March 10th, 2010

The Gymboree Corporation Reports Preliminary Fourth Quarter and Full Year 2009 Results
SAN FRANCISCO, March 10 /PRNewswire-FirstCall/ — The Gymboree Corporation (Nasdaq: GYMB) today reported consolidated financial results for the fourth fiscal quarter and full year ended January 30, 2010. Fourth Fiscal Quarter Ended January 30, 2010 For the fourth fiscal quarter, net sales were $299

Sony unveils PlayStation Move motion controller
Sony lifts the wraps on its new motion-control video game system called PlayStation Move, which is expected to hit the market later this year.


AMREP Reports Third Quarter and Nine Month Results
PRINCETON, N.J., March 10 /PRNewswire-FirstCall/ — AMREP Corporation (NYSE: AXR) today reported a net loss of $721,000, or $0.12 per share, for its fiscal 2010 third quarter ended January 31, 2010 compared to a net loss of $100,000, or $0.02 per share, for its fiscal 2009 third quarter ended Januar

Ballard Reports Audited Fourth Quarter and Full Year 2009 Results
VANCOUVER, March 10 /PRNewswire-FirstCall/ – Ballard Power Systems (TSX: BLD; NASDAQ: BLDP) announced its financial results for the fourth quarter and full-year ended December 31, 2009 today. All amounts are in U.S. dollars, unless otherwise noted. Fourth Quarter 2009 Highlights – Fourt

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• Wednesday, March 10th, 2010

Pandit sees revival of Citi’s fortunes
Vikram Pandit, Citigroup’s chief executive, will raise the prospect of the US bank earning as much as $20bn from its core business within a few years, a big increase from current levels that would mark a sharp revival in Citi’s fortunes

Wall St up on one-year anniversary of bottom
US equities rallied modestly a year to the day since markets closed at their lows during the financial crisis, as investors took stock of the recovery

Wholesale inventories fall, restocking expected
WASHINGTON (Reuters) – U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year, suggesting businesses will soon need to begin restocking, which would support economic growth.


Incentive Capital Management Selects Pricing Partners
Dublin-based asset manager chooses Price-It Excel to price and risk manage its inflation linked derivatives business.

BlackRock Selects Pyxis Mobile Platform For Multiple Business Units
The Pyxis Mobile platform is extending multiple CRM systems to BlackRock’s mobile workforce, aggregating and accessing all the systems through native applications on employee devices.

Senate passes $149 bln for jobless aid, tax breaks
WASHINGTON (Reuters) – The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.


Asian stocks ease after China data, yen struggles
SINGAPORE (Reuters) – Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan’s economy may need more support.


Wall Street rises on bank deal speculation
US stocks posted decent gains as they marked the 10-year anniversary of the Nasdaq’s peak. However, following a series of rises over previous sessions, markets lacked a positive driver to send them higher

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• Wednesday, March 10th, 2010

Economic Report: China’s consumer prices rise more than expected
China’s consumer price index accelerate to a pace of 2.7% in February from the year-earlier month, driven by a surge in food prices.


Economic Report: Japan growth revised down, as deflation deepens
The Japanese government revises fourth-quarter gross domestic product growth down due to slightly weaker corporate capital expenditures and private inventories, and also tweaks downward a gauge measuring prices to show record-deep deflation.


Economic Report: Australia unemployment rate matches forecast
Australia’s unemployment rate climbs in February, with the result matching market forecasts, although a disappointment in the number of jobs created sends the Australian dollar lower.


Newsletters & Research: Stymied timers and gathering gold bugs
While most investors feel like geniuses during bull markets, the devastation caused by bear markets tends to rekindle investor interest in market timing. But is market timing ever successful at calling the critical junctures between bull and bear markets? Given the volatility over the past decade, market timers have certainly had ample opportunity to demonstrate their supposed prowess.


How the major stock indexes fared on Wednesday (AP)
AP – Scant buying lifted stocks for a second day Wednesday after the government reported a drop in companies’ inventories. The Dow Jones industrials rose only 3 points as the market remained in a lull that began on Monday. Many investors stayed on the sidelines amid an absence of news that could influence trading.

New York governor rejects reimposing stock transfer tax (Reuters)
Reuters – New York state should not reimpose a stock transfer tax as this would make Wall Street firms move to other cities such as New Jersey’s Newark, or other states like Connecticut, Governor David Paterson said on Monday.

A decade later, lessons in the Nasdaq collapse (Reuters)
Reuters – Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points — a peak that the technology-heavy market shows no sign of scaling again any time soon.

Personal Finance Daily: Banks will find ways to replace overdraft fees
Bank of America said it will soon prohibit most debit-card transactions if the account owner doesn’t have money in his or her account, and other banks are expected to follow suit ahead of new rules that will require banks to alert customers before covering an overdraft.


Asian stocks ease after China data, yen struggles
SINGAPORE (Reuters) – Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan’s economy may need more support.


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• Wednesday, March 10th, 2010

BOX Moves to Equinix NY4 Data Center in Secaucus, New Jersey
BOX will migrate matching engine to Equinix facility where ISE and c2 are located, taking advantage of cross-connects of market participants there.

Bank Group Warns on Fiscal, Regulatory Uncertainty
Uncertainty over regulatory reform and government finances could unsettle financial markets and undermine the global economic recovery, a private sector financial group.

Eaton Vance Overcomes Document Management’s User-Interface Shortcomings
During its enterprise content management deployment, Eaton Vance discovered the devil was in the user-interface details.

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• Wednesday, March 10th, 2010

Boeing study says its tanker to create more jobs
WASHINGTON (Reuters) – A study paid for by Boeing Co found that a Boeing-built aerial tanker would create 10 times as many new U.S. jobs as the now-withdrawn plan by Northrop Grumman Corp and EADS .


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