The difference dampens hopes of a quick resolution to a stand-off holding up Comcast's <CMCSA.O> planned bid for a majority stake in the U.S. broadcast group, the newspaper reported.

The award for Cindy Naugle, 61, is the largest to date among thousands of lawsuits filed in the state against tobacco companies.

The largest IPO came from Cloud Peak Energy Inc <CLD.N>, the U.S. coal mining unit of Anglo-Australian miner Rio Tinto Plc<RIO.L> <RIO.AX>, but its price fell short on concerns the IPO was more about helping Rio's balance sheet than funding Cloud Peak's growth.

Why is that you may ask?

Technically speaking, LVS has soared more than 205% since the beginning of the year, compared to the S&P 500 Index's (SPX) advance of about 23%. What's more, during the past 60 days, LVS has bested the broad-market indicator by 16 percentage points. The equity is now in the process of rebounding from support at its 20-week moving average.

That’s what Nouriel Roubini said a few days ago at the Inside Commodities Conference in New York.

Trading ETFs is very rewarding when done properly; using multiple time frames for timing entry and exit points is crucial. My main focus is on the weekly and daily charts but I use a 30-minute intraday chart when the time comes to actually pick an exact buy or sell point. Below I have provided both the weekly and daily chart so you can see how the same ETF looks completely different inthe two time frames.

We have seen a number of initial support levels fall like dominoes today such as 10,350 for the Dow Industrials (US30 CFD), 1,100 for the S&P 500 (SPX500 CFD) and 5,300 for the FTSE (UK100 CFD), which suggests that the risk of a near-term retreat has increased. On the other hand, as long as indices continue to trade above the higher lows set earlier this month, such as 9,600 for the Dow, 1,110 for the S&P and 5,000 for the FTSE, their longer-term recovery trends remain intact.

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TORONTO (SHfn) – Speculators piled into a small platinum play Thursday, while others took heed of a heavy oil resource estimate.

Dr. Nouriel Roubini, who is perhaps the most famous economist of our day, recently wrote an analysis of our global bubble economy in which he suggested that the dollar carry trade may well become the next bubble to collapse and send the global economy reeling once again. That fits very well with Austrian economic thinking, in that the carry trade is an artificial market manipulation caused by the enormous pumping of the U.S. dollar into the global economy. Whereas another deflating economy -- namely the Japanese economy – provided a cheap source of global borrowing for many years, with interest rates continuing to be held at zero it is not difficult for us to see how our monetary thieves are now making cheap funding available to the global economy at this point in time. And as Austrian thinkers know, when you pump enormous amounts of money into an economy, it results in mal investment. In other words, capital is put into inefficient businesses, with the result being that most of them provide poor returns on investment, and over time, a growing number become insolvent and incapable of servicing their debts.

The company has property near Noront Resources (TSX: V.NOT, Stock Forum) in the McFaulds Lake area of Ontario’s James Bay lowlands.

The votes were the final brush strokes to the House Financial Services Committee's response to last year's banking meltdown.

Terrance "Terry" Watanabe also filed a complaint Thursday with the Nevada Gaming Control Board. He accuses Harrah's of violating state gambling regulations, cheating him, and plying him with prescription drugs and alcohol while he bet and lost millions of dollars at roulette and slot machines.

Timothy McQueen, the Rev. Joseph Brunson and Tony Pough face nearly 60 federal charges, including conspiracy, mail fraud and money laundering. They called themselves the "3 Hebrew Boys" after the biblical tale of brothers who survived an inferno because of their faith.

"I had no idea there was a massive crime committed at PCI. I was suspicious," Petters said. But he said federal agents raided his headquarters before he could bring in auditors to see if his fears were justified.

The report said Griffin is launching four new funds and expanding in investment banking -- hoping to fill the profitable hole left by the collapse of Lehman Brothers.

In other senior management changes announced Wednesday, Chief Financial Officer Raymond J. Seabrook will become chief operating officer of global packaging operations next year, reporting to Hayes.

Official data released Thursday showed gross domestic product (GDP) expanded 14.2 percent in the July-September period on a quarter-on-quarter annualised basis following a 21.7 percent surge in the previous quarter.

The entire rally in the DJIA from 2003 to the peak in 2008 was actually a continuous decline when priced in gold.. Even the super-rally in stocks over the last six months is nothing more than a very weak bounce off the bottom.

We know it’s never different this time.

TORONTO (SHfn) – Panamanian production agreement sends shares rocketing higher, while a gold and copper company purchase helped another miner add to its share price.

Try getting a straight answer.

Commodities update: energy fails to capitalize on inventory data

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The Korea Communications Commission gave its approval at a meeting of its commissioners and the phone can be launched anytime, said spokesman Lee Sang-hun.

The ruling by a three-judge panel of the 9th U.S. Circuit Court of Appeals overturned the ruling of a judge in Seattle and created a new interpretation of law surrounding fraud cases brought on behalf of the government.

Manoj Kohli, chief executive of India's biggest mobile phone group Bharti Airtel, told an industry conference in Hong Kong that his firm is aiming to almost double its customer base to 200 million people in the next few years.

The opening price of 5.46 ringgit was at the top end of analysts' forecasts for a 5-10 percent premium in the initial public offering (IPO) of Maxis, which is returning to Bursa Malaysia two years after it was taken private.

Testifying for the second day in his fraud trial, Petters said two PCI vice presidents, Deanna Coleman and Bob White, did nearly all the work of running PCI, which was part of his Petters Group Worldwide holdings.

So says Chintan Parikh, a commodity analyst at the CPM Group – a leading New York-based commodities research, consulting, asset management and investment banking organization.

Gold Wave Analysis

At the same time we have to take note that other indicators we dare not ignore are signaling continued strength for gold and especially silver. Chief among them are a surge of positive money flow into silver ETFs, bullish action in CFTC commitments of traders positioning (of the largest gold and silver futures traders) and the fact that both gold and silver futures in New York closed the week in significant backwardation again.

The company’s shares were on fire Tuesday as it announced that its subsidiary, Teryl Inc., received a letter of intent from its joint venture partner, Fairbanks Gold Mining – itself a subsidiary of Kinross Gold (TSX: T.K, Stock Forum) , to acquire Teryl’s interest in the Gil Joint Venture in Alaska.

One area, however, where we have seen some weakness has been in the retail sector where Home Depot (HD) and Target (TGT) are down 3.9% and 4.2%, respectively, despite delivering better-than-expected earnings reports. With other cyclical retailers such as Coach (COH down 5.5%) and JC Penney (JCP down 5.0%) also selling off today it appears that concerns may be growing over the risk that upcoming holiday season sales may not rebound as fast as share prices have in recent months.

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TORONTO (SHfn) – Montana gold was music to the ears of some shareholders Tuesday, while a composite products stock popped on a purchase order.

I do agree that there is not the euphoria that one gets at market tops. At the same time, review the earnings and PE ratios as discussed by Ian Gordon below and you can see why Wall Street may not be terribly optimistic. Perhaps they don’t really buy the optimism of cheerleading optimists. Also, I’m wondering how optimistic market participants were during the 1930s, year after year during that depression. What needs to be pointed out is that just because a market is pessimistic doesn’t mean that will change any time soon.

Graphic credit: Metastock v.11