Friday, December 09, 2011

Quick Overview

  • Every European nation except for Britain (Cameron is trying to “protect bankers from regulation") agreed to consider forging closer economic ties in hopes of preventing another debt crisis.


  • GE hikes quarterly dividend by 2c to 17c a share.


  • U.S. consumer sentiment rose to a six month high 0f 67.7 vs 64.1 in November.


  • Nevada’s Gambling revenue rose 8.1% in October. The Las Vegas Strip, which accounts for more than half the total, led the growth, with a gain of 13.3%.


  • The USDA estimates 848 million bushels of corn on hand at the end of next summer -- up less than 1% from last month's forecast. This is a supply of less than 25 days. A 30 day supply is considered healthy.
  • The USDA estimates the soybean surplus to be up 18% from last month. Ending stocks are expected to be 230 million bushel. That's about a 28 day supply.




  • Waste Management said it would increase its quarterly dividend by 4.4% to 35.5 cents

  • MagnetU is a $24 device that broadcasts your social media profile to other “nodes” (people) around you, Technology Review Mims’s Bits reports. If anyone else with a MagnetU has a profile that matches yours sufficiently, the device will alert both of you via text and/or an app. It also links to Facebook, Linkedin, Twitter…..
  • Capesize rates rose to 21-month highs on Chinese iron ore demand that is estimated to grow 20% by 2015.

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