Report From Europe: U.S. Earnings Mixed and Japan IP Shocker

30.07.10

Maybe a little profit taking ahead of Month end today, with S&P +7% on the month? Late headlines about the Attorney General probing the Life Insurance Industry for fraud wasn’t terribly helpful but appears to be confined to military related issues rather than a broad based probe. Tech stocks were weak. Symantec Corp. ( SYMC ) and Nvidia Corp. ( NVDA ) lost at least 9.9% after reporting forecasts, while Akamai Technologies ( AKAM ) slid 13%t after saying its profit margin shrank. But Goldman Sachs Group Inc. ( GS ) rose 3.7% after saying the industry’s regulatory overhaul won’t cause “significant” reduction in revenue, according to Bank of America Corp. It was noticeable that for the first time in this reporting season US earnings were a bit of a mixed bag. Staples ( SPLS ) was particularly disappointing, with Colgate ( CL ) disappointing due to Venezuelan FX devaluation while Mead Johnson ( MJN ) missed. Kelloggs also disappointed, citing weakness in Cereals – yes it’s a “cereal” underperformer! Exxon ( XOM ) beat on better Chemicals and again, better refining. On economic data, US Initial Jobless data pretty much inline (457k vs 460 expected).

Source: Seeking Alpha (blog)

1 Month Car Insurance- News

Insurer ranks state 8th in vehicle-deer collisions Milwaukee Journal Sentinel - Sep 28, 2009 Richmond Times DispatchState Farm ranks second in private passenger car insurance in Wisconsin, with 12.9% of the market, according to the state Insurance Commissioner's Office. Deer-Vehicle Collision Frequency Jumps 18 Percent in Five YearsDeer crashes in US up in past five yearsMontana in top five states for car vs. deer crashesall 86 news articles »

Talk About Travel: Travel Staffers Help You Plan Great Escapes Washington Post - Sep 28, 2009 But now I'm not so sure that's a good plan, mainly because I don't own my own car and therefore don't have a car insurance policy for anything to piggyback

Skipping auto insurance isn't worth the gamble Yakima Herald-Republic - Sep 28, 2009 Skipping auto insurance isn't worth the gambleBut when it comes to car insurance, there are some things with stakes too high to gamble on. One is to not have insurance at all. During hard times, it may and more »

A deluge of worries Manila Times - Sep 28, 2009 Finally, check your car-insurance policy if it can cover “acts of God.” Most policies don't include natural calamities and you need to specifically ask your and more »

Red Cross touts importance of renter's insurance The Batavian - Sep 27, 2009 Red Cross touts importance of renter's insuranceHawley also noted that, with many insurance companies, if you already have a different kind of insurance policy such as car insurance, adding a renter's and more »