Tuesday, November 08, 2011

Quick Overview

  • Bonuses were paid to MF Global ‘s UK staff just hours before the company filed for bankruptcy protection in New York.

  • (Bloomberg) A kilogram of polysilicon, the basic material in solar panels, dropped from $475 in February 2008 to less than $35 Oct. 31... Great for the environment.

  • Qualcomm (QCOM) announced that it has acquired substantially all of the technology and other assets of HaloIPT, a provider of wireless charging technology for electric vehicles.

  • U.S. consumer credit increased at an annual rate of 3.5 percent in September, offering some positive sign to the weak recovery.

  • MoM Germany's industrial output slumped 2.7% in September

  • Japan's benchmark coincident composite index fell 1.4 points in September.

  • L.M. Ericsson (ERIC) is forecasting a tenfold increase in mobile data traffic over the next five years, mainly driven by video.

  • Vodafone declared an interim dividend of 3.05 pence, up 7% YoY, and said it would pay a special dividend of 4 pence following its recent deal with Verizon. VOD reported a 11% fall in first-half net profit due to higher cost of sales and a bigger tax bill than a year earlier, but raised its annual operating profit guidance.

  • China imported a record 56.9 tonnes of Gold in September, a six fold increase from 2010

  • Credit Suisse will hand over details of wealthy Americans with hidden Swiss accounts to the Swiss government, bringing U.S. authorities one step closer to obtaining names of alleged tax cheats.

  • German reinsurer Munich Re says its net profits more than halved in the third quarter because of exchange rate volatility and the fallen value of Greek government bonds.

  • Herman Cain “I’ve never acted inappropriately with anyone --- ever --- period” Really? No kidding? WOW!!

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