Google considering shutting its Chinese Web site and offices after discovering a “highly sophisticated” attack last month aimed at gaining access to e-mail accounts of human-rights activists and at least 34 corporations.
The Fed to be subpoenaed by House's Towns in probe of AIG `Backdoor Bailout' and compelled to hand over documents related to American International Group Inc.’s government bailout after the chairman of a House oversight committee said he will issue a subpoena.
15 FHA mortgage lenders with high default rates subpoenaed by U.S. Housing and Urban Development Department to seek out possible fraud in an effort to stem losses on loans insured by the Federal Housing Administration.
World Outlook
Brazil's overvalued stocks began price implosion as the second leg of the recession takes hold as the stimulus package runs dry.
Growth in Germany, Europe’s economic powerhouse, slowed in the fourth quarter of 2009 as exports plummeted and businesses invested less, according to government figures released Wednesday. The numbers showed that Germany is still struggling to emerge from its worst recession since World War II. Output plunged 5 percent in 2009, the Federal Statistical Office said, fueled by a 14.7 percent drop in exports.
Market Week News:
A survey by Bloomberg shows investors are the most bearish on Treasuries in more than two years as the reliance on government debt and taxes to revive economic growth weighs on sovereign issues.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
Yesterday Jan. 12:
The trade deficit in the U.S. widened in November more than anticipated as the gap expanded 9.7 percent to $36.4 billion, the highest level since January 2009, from a revised $33.2 billion in October, Commerce Department data showed today in Washington. Imports increased 2.6 percent, reflecting a jump in oil prices, while exports rose to the highest level in a year.
Wednesday, Jan. 13:
FED's Beige book outlook
Thursday, Jan. 14:
Continuing claims
Unemployment initial claims
December Retail Sales
Friday, Jan. 15:
Consumer Price Index
NY Manufacturing Index
Industrial Production
Consumer Sentiment
Market forces January 13, 2010
Shares of health insurance company Aetna (AET) slid more than 5% on yesterday after the company warned that 2010 earnings would be lower than 2009. In the filing just before an investor conference, Aetna said that 2010 full-year earnings would be below its forecast of $2.76 a share. Analysts, on average, had been looking for Aetna to earn $3.09 a share. Aetna said the reason for the earnings decrease is because companies will be cutting back on plan benefits and Medicare-plan reimbursements are expected to be lower, hitting company margins. Alcoa also plummeted on news of poor earnings. The selling extended sharply into the financial and technology sectors.
The US market slid yesterday and joined the Asian markets that have declined since August.
Asian markets were down sharply over night; Shanghai down -3.1%, Hong Kong down -2.6%, India up 0.5%, Seoul down -1.6%, Taiwan down -1.3%, and Japan down -1.4%.
European markets are flat with the average in a range from -0.2% to +0.4% this morning about half way through their day.
US pre-market futures flat at about 0.1% today at 8:00 AM EST.
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