Copper May 11,08:06
Bid/Ask 3.1307 - 3.1330
Change -0.0907 -2.82%
Low/High 3.1307 - 3.2328
Charts
Nickel May 11,08:05
Bid/Ask 9.8346 - 9.9254
Change -0.4536 -4.41%
Low/High 9.7666 - 10.4470
Charts
Aluminum May 11,08:05
Bid/Ask 0.9104 - 0.9150
Change -0.0349 -3.69%
Low/High 0.9091 - 0.9522
Charts
Zinc May 11,08:06
Bid/Ask 0.9108 - 0.9153
Change -0.0417 -4.38%
Low/High 0.9099 - 0.9593
Charts
Lead May 11,08:06
Bid/Ask 0.8914 - 0.8959
Change -0.0449 -4.80%
Low/High 0.8864 - 0.9408
Charts
Martes 11/05/2010 Paso la euforia
por admin » Mar May 11, 2010 7:20 am
Obama el mentiroso
Guerra de palabras entre la compania de seguros de salud WellPoint y Obama.
Braly la CEO de WellPoint dijo que Obama estaba dando informacion falsa acerca de la cobertura de pacientes con cancer al seno.
Braly dirigio una carta al presidente donde le decia especificamente que no estaba satisfecha con la falsa informacion que Obama daba acerca de los pacientes con cancer al seno, Braly dijo que la compania no diferencia a estos pacientes de los demas y no los separaba o suspendia su cobertura. Punto.
War of Words Heats Up Between Obama, WellPoint
CEO Braly Denies That Insurer Systematically Drops Coverage for Women With Breast Cancer
By AVERY JOHNSON And DINAH WISENBERG BRIN
The war of words between the Obama administration and WellPoint Inc. escalated over the weekend, as WellPoint's chief executive rebuked the president for what she said was false information he gave the public about the insurer's coverage of breast-cancer patients.
WellPoint CEO Angela Braly
In his weekly radio address broadcast Saturday, Mr. Obama said his administration recently asked an insurer to stop systematically dropping coverage of women diagnosed with breast cancer.
Document
WellPoint Letter to Obama
.
The president didn't specifically name the insurer that dropped the coverage, but WellPoint has lately been fending off accusations that it targets such women, and Chief Executive Angela Braly clearly believed the remark was directed at WellPoint.
Company spokeswoman Kristin Binns noted that WellPoint is the only insurer that the administration and news media have pointed to on the subject.
Ms. Braly late Sunday fired off a letter to the president in which she said Mr. Obama's statement "grossly misrepresents" the facts. "To be absolutely clear: Despite your claims, WellPoint does not single out women with breast cancer for rescission. Period," she wrote.
Ms. Braly used the opportunity to criticize the administration for "attacks" on health insurers, which she said "must end."
She said she has gotten no response to her requests to meet with Health and Human Services Secretary Kathleen Sebelius.
“I was disappointed to hear you repeat false information regarding WellPoint's coverage of breast cancer... To be absolutely clear: despite your claims, WellPoint does not single out women with breast cancer for rescission. Period.
”
Angela Braly letter, Sunday
The country's largest insurer has been under fire from Democrats over its business practices, but the reference by Mr. Obama takes the spat to a new level. The breast-cancer allegations, which were raised in a Reuters article, have caused anxiety for policyholders and spurred questions from regulators, according to Ms. Binns.
"I think we were disappointed to hear them repeat it" in the Obama address, she said.
Ms. Sebelius said her goal is to shift the power from companies to consumers in the individual health-insurance market, where WellPoint is by far the biggest player. with nearly twice the number of policyholders as its nearest competitor, according to Oppenheimer & Co. "We have an opportunity to call out practices that are not treating beneficiaries appropriately," said Ms. Sebelius in an interview Monday. "It's not the company; it's the practices."
Meanwhile, the White House pledged to keep insurers' feet to the fire. An administration spokesman said the spotlight has in some ways moved companies to change practices sooner than is required by the new law.
For instance, after the administration drew attention to the reports of breast-cancer patients' coverage being rescinded, insurers including WellPoint pledged to end rescission before the new law requires them to do so.
"When we hear disturbing reports that an insurance company is systematically targeting women with breast cancer, we won't hesitate to speak out," the spokesman said.
“...when we found out that an insurance company was systematically dropping the coverage of women diagnosed with breast cancer, my administration called on them to put an end to this practice immediately.
”
Obama quote from radio address
This latest thrust and parry comes after a bruising few weeks for WellPoint. The Indianapolis insurer was forced to withdraw a request in California to raise rates by up to 39% after an outside actuary hired by the California insurance department found mathematical errors in its filing.
Last week, Ms. Sebelius urged insurance commissioners in other states to investigate whether similar errors occurred.
Whether or not the company can raise rates is key to its performance on Wall Street. With a California rate change delayed, the company says it is losing money in the individual market there.
Regulators in Georgia, Kentucky and Ohio, where WellPoint runs Blue Cross Blue Shield plans, say they are investigating the company's filings. Any further delay in WellPoint's ability to get the rate increases it says it needs to cover medical costs could be problematic.
Ms. Binns said WellPoint would work with local regulators. "We are heavily regulated at the state level today," she said. "We feel as though we are compliant in all of our Blue states."
John Oxendine, the Georgia insurance commissioner and a Republican gubernatorial candidate, said his office is examining WellPoint's filings to see if the mistakes are more systemic. "We're considering whether they could be honest mistakes or something more severe," said Mr. Oxendine.
He added that the administration's attacks appear political in nature. "HHS all of a sudden realized they've got a huge bill they don't know how to implement and they don't know what to do about health-care costs so [Ms. Sebelius] is saying 'investigate WellPoint' to divert people's focus," said Mr. Oxendine.
Ms. Sebelius said her motive isn't to deflect attention from rising costs, and says she intends to work with insurers and providers to address the issue.
When Business Draws The President's Fire
"Unfortunately, there are some in the financial industry who are misreading this moment….So I want everybody here to hear my words: We will not go back to the days of reckless behavior and unchecked excess that was at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses."
—Sept. 14 speech to Wall Street
"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street."
—"60 Minutes" Dec. 13
"Passage of comprehensive health insurance reform...will begin to end the worst practices of the insurance industry…."
—March 27 radio address
"Let me be clear: BP is responsible for this leak; BP will be paying the bill."
—May 2 remarks on well disaster
.WellPoint and Ms. Sebelius have a history going back to 2002 when Ms. Sebelius was Kansas insurance commissioner and a WellPoint predecessor company tried to buy Blue Cross and Blue Shield of Kansas. Ms. Sebelius blocked the sale, saying premiums would rise too sharply for Kansans.
Anthem, which merged with WellPoint in 2004, grew rapidly by acquiring Blue plans in various states, and Ms. Sebelius's rejection indicated that the strategy would be encountering increasing resistance.
Ms. Sebelius's decision then was based on her opinion that Anthem prioritized profits over patient care, said Sandy Praeger, who succeeded Ms. Sebelius as Kansas insurance commissioner in 2003.
"It was all based on the company's reputation," said Ms. Praeger, talking of Ms Sebelius's rapid rise. "She rode that decision all the way to the governor's office."
Ms. Sebelius said she based her decision on data indicating that the local Kansas company kept overhead costs lean, and she believed a larger entity would have higher costs that would be passed on to consumers.
Ms. Sebelius said she hasn't been in touch with Ms. Braly other than at a meeting several months ago when some insurers were called to Washington to defend rate increases.
She said the job of reaching out to WellPoint belongs to Jay Angoff, the former Missouri insurance commissioner who runs the new Office of Consumer Information and Insurance Oversight created after the federal health legislation passed.
Ms. Sebelius said she has no way of knowing if WellPoint is an outlier.
She said Mr. Angoff has been in touch with WellPoint several times on provisions such as early implementation of new coverage for dependents under age 26.
Guerra de palabras entre la compania de seguros de salud WellPoint y Obama.
Braly la CEO de WellPoint dijo que Obama estaba dando informacion falsa acerca de la cobertura de pacientes con cancer al seno.
Braly dirigio una carta al presidente donde le decia especificamente que no estaba satisfecha con la falsa informacion que Obama daba acerca de los pacientes con cancer al seno, Braly dijo que la compania no diferencia a estos pacientes de los demas y no los separaba o suspendia su cobertura. Punto.
War of Words Heats Up Between Obama, WellPoint
CEO Braly Denies That Insurer Systematically Drops Coverage for Women With Breast Cancer
By AVERY JOHNSON And DINAH WISENBERG BRIN
The war of words between the Obama administration and WellPoint Inc. escalated over the weekend, as WellPoint's chief executive rebuked the president for what she said was false information he gave the public about the insurer's coverage of breast-cancer patients.
WellPoint CEO Angela Braly
In his weekly radio address broadcast Saturday, Mr. Obama said his administration recently asked an insurer to stop systematically dropping coverage of women diagnosed with breast cancer.
Document
WellPoint Letter to Obama
.
The president didn't specifically name the insurer that dropped the coverage, but WellPoint has lately been fending off accusations that it targets such women, and Chief Executive Angela Braly clearly believed the remark was directed at WellPoint.
Company spokeswoman Kristin Binns noted that WellPoint is the only insurer that the administration and news media have pointed to on the subject.
Ms. Braly late Sunday fired off a letter to the president in which she said Mr. Obama's statement "grossly misrepresents" the facts. "To be absolutely clear: Despite your claims, WellPoint does not single out women with breast cancer for rescission. Period," she wrote.
Ms. Braly used the opportunity to criticize the administration for "attacks" on health insurers, which she said "must end."
She said she has gotten no response to her requests to meet with Health and Human Services Secretary Kathleen Sebelius.
“I was disappointed to hear you repeat false information regarding WellPoint's coverage of breast cancer... To be absolutely clear: despite your claims, WellPoint does not single out women with breast cancer for rescission. Period.
”
Angela Braly letter, Sunday
The country's largest insurer has been under fire from Democrats over its business practices, but the reference by Mr. Obama takes the spat to a new level. The breast-cancer allegations, which were raised in a Reuters article, have caused anxiety for policyholders and spurred questions from regulators, according to Ms. Binns.
"I think we were disappointed to hear them repeat it" in the Obama address, she said.
Ms. Sebelius said her goal is to shift the power from companies to consumers in the individual health-insurance market, where WellPoint is by far the biggest player. with nearly twice the number of policyholders as its nearest competitor, according to Oppenheimer & Co. "We have an opportunity to call out practices that are not treating beneficiaries appropriately," said Ms. Sebelius in an interview Monday. "It's not the company; it's the practices."
Meanwhile, the White House pledged to keep insurers' feet to the fire. An administration spokesman said the spotlight has in some ways moved companies to change practices sooner than is required by the new law.
For instance, after the administration drew attention to the reports of breast-cancer patients' coverage being rescinded, insurers including WellPoint pledged to end rescission before the new law requires them to do so.
"When we hear disturbing reports that an insurance company is systematically targeting women with breast cancer, we won't hesitate to speak out," the spokesman said.
“...when we found out that an insurance company was systematically dropping the coverage of women diagnosed with breast cancer, my administration called on them to put an end to this practice immediately.
”
Obama quote from radio address
This latest thrust and parry comes after a bruising few weeks for WellPoint. The Indianapolis insurer was forced to withdraw a request in California to raise rates by up to 39% after an outside actuary hired by the California insurance department found mathematical errors in its filing.
Last week, Ms. Sebelius urged insurance commissioners in other states to investigate whether similar errors occurred.
Whether or not the company can raise rates is key to its performance on Wall Street. With a California rate change delayed, the company says it is losing money in the individual market there.
Regulators in Georgia, Kentucky and Ohio, where WellPoint runs Blue Cross Blue Shield plans, say they are investigating the company's filings. Any further delay in WellPoint's ability to get the rate increases it says it needs to cover medical costs could be problematic.
Ms. Binns said WellPoint would work with local regulators. "We are heavily regulated at the state level today," she said. "We feel as though we are compliant in all of our Blue states."
John Oxendine, the Georgia insurance commissioner and a Republican gubernatorial candidate, said his office is examining WellPoint's filings to see if the mistakes are more systemic. "We're considering whether they could be honest mistakes or something more severe," said Mr. Oxendine.
He added that the administration's attacks appear political in nature. "HHS all of a sudden realized they've got a huge bill they don't know how to implement and they don't know what to do about health-care costs so [Ms. Sebelius] is saying 'investigate WellPoint' to divert people's focus," said Mr. Oxendine.
Ms. Sebelius said her motive isn't to deflect attention from rising costs, and says she intends to work with insurers and providers to address the issue.
When Business Draws The President's Fire
"Unfortunately, there are some in the financial industry who are misreading this moment….So I want everybody here to hear my words: We will not go back to the days of reckless behavior and unchecked excess that was at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses."
—Sept. 14 speech to Wall Street
"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street."
—"60 Minutes" Dec. 13
"Passage of comprehensive health insurance reform...will begin to end the worst practices of the insurance industry…."
—March 27 radio address
"Let me be clear: BP is responsible for this leak; BP will be paying the bill."
—May 2 remarks on well disaster
.WellPoint and Ms. Sebelius have a history going back to 2002 when Ms. Sebelius was Kansas insurance commissioner and a WellPoint predecessor company tried to buy Blue Cross and Blue Shield of Kansas. Ms. Sebelius blocked the sale, saying premiums would rise too sharply for Kansans.
Anthem, which merged with WellPoint in 2004, grew rapidly by acquiring Blue plans in various states, and Ms. Sebelius's rejection indicated that the strategy would be encountering increasing resistance.
Ms. Sebelius's decision then was based on her opinion that Anthem prioritized profits over patient care, said Sandy Praeger, who succeeded Ms. Sebelius as Kansas insurance commissioner in 2003.
"It was all based on the company's reputation," said Ms. Praeger, talking of Ms Sebelius's rapid rise. "She rode that decision all the way to the governor's office."
Ms. Sebelius said she based her decision on data indicating that the local Kansas company kept overhead costs lean, and she believed a larger entity would have higher costs that would be passed on to consumers.
Ms. Sebelius said she hasn't been in touch with Ms. Braly other than at a meeting several months ago when some insurers were called to Washington to defend rate increases.
She said the job of reaching out to WellPoint belongs to Jay Angoff, the former Missouri insurance commissioner who runs the new Office of Consumer Information and Insurance Oversight created after the federal health legislation passed.
Ms. Sebelius said she has no way of knowing if WellPoint is an outlier.
She said Mr. Angoff has been in touch with WellPoint several times on provisions such as early implementation of new coverage for dependents under age 26.
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por admin » Mar May 11, 2010 7:25 am
Gold Fields y BVN reportan un mayor descubrimiento de oro, cobre y plata en Chucapaca en el sur del Peru.
Gold Fields, Buenaventura Report Major Gold Discovery in Peru
Share Business ExchangeTwitterFacebook| Email | Print | A A A By Ana Monteiro
May 11 (Bloomberg) -- Gold Fields Ltd. and Compania de Minas Buenaventura S.A.A. discovered a “major” gold, copper and silver deposit in the Chucapaca project area in southern Peru.
Gold Fields, Buenaventura Report Major Gold Discovery in Peru
Share Business ExchangeTwitterFacebook| Email | Print | A A A By Ana Monteiro
May 11 (Bloomberg) -- Gold Fields Ltd. and Compania de Minas Buenaventura S.A.A. discovered a “major” gold, copper and silver deposit in the Chucapaca project area in southern Peru.
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por admin » Mar May 11, 2010 7:30 am
China entra al bear market
El euro perdio todas las ganancias de ayer por que el trillon de rescate a Europa perjudicara el crecimiento de la economia Europea. Las acciones cayeron deteniendo el mayor avance del MSCI indice mundial en el anio. La bosla China entre en el bear market.
El Shanghai C. ha caido 21%
Euro Erases Gains as Bailout Optimism Ebbs; Chinese Stocks Fall
By Justin Carrigan
May 11 (Bloomberg) -- The euro lost all of yesterday’s gains on concern the $1 trillion bailout will hurt European economic growth. Stocks fell, paring the MSCI World Index’s biggest advance in a year. Chinese shares entered a bear market.
The euro weakened 0.8 percent against the dollar at 7:09 a.m. in New York, trading below the level it was at before the European Union-led aid package was announced early yesterday. The Stoxx Europe 600 Index fell 1.8 percent, after rising 7.2 percent yesterday. Futures on the Standard & Poor’s 500 Index dropped 1.1 percent. Copper traded below $7,000 a metric ton.
The European Union’s unprecedented bailout package is unlikely to be a “long-term solution” for the region, Marek Belka, the director of the International Monetary Fund’s European department, said in Brussels yesterday. Inflation in China accelerated to an 18-month high, the nation’s statistics bureau said today, increasing pressure on the government to raise interest rates in an economy that has been an engine of growth through the global financial crisis.
“The euphoria of 24 hours ago has passed,” Derek Halpenny, European head of global currency research at Bank of Tokyo Mitsubishi UFJ Ltd. in London, wrote in a report today. “We are in little doubt that steps taken will offer the euro little support and the aid package does not change the fact that Spain and Portugal in particular will still have to undergo further painful austerity measures.”
Yen, Treasuries Gain
The euro fell against 11 of its 16 most-traded peers, dropping as low as $1.2670, compared with the $1.2755 level at which it closed last week. The yen strengthened against all 16 of its major counterparts as investors sought the relative safety of the Japanese currency. The dollar advanced versus 15.
U.S. Treasuries rose, snapping a two-day decline, with the 10-year yield sliding 7 basis points to 3.47 percent and the two-year yield dropping 6 basis points to 0.81 percent. German 10-year bund yields fell 5 basis points to 2.90 percent, while two-year yields were also 4 basis points lower, at 0.57 percent.
Traders are betting the plan to rescue debt-laden governments from Greece to Portugal will fail to reverse the euro’s worst start to a year since 2000, forcing the European Central Bank will keep interest rates at a record low for longer. Economic growth in the nations that share the euro will lag behind the U.S. by almost 1.5 percentage points next year, Bloomberg surveys of economists show.
Greek Debt Insurance
The cost of protecting against a default by Greece fell. Credit-default swaps tied to Greek government bonds dropped 22 basis points to 562.5, according to CMA DataVision. The yield on the two-year Greek note fell 99 basis points to 8.16 percent, extending yesterday’s more than 1,000 basis-point decline.
Banco Santander SA led European banks lower, falling 5.6 percent in Madrid. Spain’s biggest lender yesterday surged 23 percent, its biggest rally in 20 years. BHP Billiton Ltd., the world’s largest mining company, retreated 2.7 percent in London. Deutsche Boerse AG slipped 1.6 percent in Frankfurt after reporting earnings that missed analysts’ estimates.
The decline in U.S. futures indicated the S&P 500 may pare some of yesterday’s 4.4 percent rally, which was the biggest advance since March 2009. The benchmark gauge for U.S. equities is still down 4.7 percent from its April 23 high.
The MSCI Asia Pacific Index fell 1 percent, paring yesterday’s 1.5 percent advance. The MSCI Emerging Markets Index slipped 0.7 percent as the retreat in Chinese shares was offset by gains of at least 3.4 percent in Russian and Philippine equity markets, which were closed for trading yesterday. The Philippine peso strengthened 0.8 percent against the dollar, the most among major emerging-market currencies, after Benigno Aquino headed for a landslide presidential election victory, ending concern that the result would be contested.
Chinese Growth
The Shanghai Composite Index sank 1.9 percent, bringing its decline from a Nov. 23 high to 21 percent. Investors are concerned that accelerating inflation and surging property prices in China will spur the government to boost interest rates for the first time since 2007, slowing growth in the world’s fastest-expanding major economy and biggest metals user.
Copper for delivery in three months fell 2.7 percent to $6,930 a ton on the London Metal Exchange. Aluminum, nickel and zinc also retreated. Gold for immediate delivery advanced 1.1 percent to $1,217 an ounce. Crude oil for June delivery fell 1.6 percent to $75.58 a barrel in New York trading.
El euro perdio todas las ganancias de ayer por que el trillon de rescate a Europa perjudicara el crecimiento de la economia Europea. Las acciones cayeron deteniendo el mayor avance del MSCI indice mundial en el anio. La bosla China entre en el bear market.
El Shanghai C. ha caido 21%
Euro Erases Gains as Bailout Optimism Ebbs; Chinese Stocks Fall
By Justin Carrigan
May 11 (Bloomberg) -- The euro lost all of yesterday’s gains on concern the $1 trillion bailout will hurt European economic growth. Stocks fell, paring the MSCI World Index’s biggest advance in a year. Chinese shares entered a bear market.
The euro weakened 0.8 percent against the dollar at 7:09 a.m. in New York, trading below the level it was at before the European Union-led aid package was announced early yesterday. The Stoxx Europe 600 Index fell 1.8 percent, after rising 7.2 percent yesterday. Futures on the Standard & Poor’s 500 Index dropped 1.1 percent. Copper traded below $7,000 a metric ton.
The European Union’s unprecedented bailout package is unlikely to be a “long-term solution” for the region, Marek Belka, the director of the International Monetary Fund’s European department, said in Brussels yesterday. Inflation in China accelerated to an 18-month high, the nation’s statistics bureau said today, increasing pressure on the government to raise interest rates in an economy that has been an engine of growth through the global financial crisis.
“The euphoria of 24 hours ago has passed,” Derek Halpenny, European head of global currency research at Bank of Tokyo Mitsubishi UFJ Ltd. in London, wrote in a report today. “We are in little doubt that steps taken will offer the euro little support and the aid package does not change the fact that Spain and Portugal in particular will still have to undergo further painful austerity measures.”
Yen, Treasuries Gain
The euro fell against 11 of its 16 most-traded peers, dropping as low as $1.2670, compared with the $1.2755 level at which it closed last week. The yen strengthened against all 16 of its major counterparts as investors sought the relative safety of the Japanese currency. The dollar advanced versus 15.
U.S. Treasuries rose, snapping a two-day decline, with the 10-year yield sliding 7 basis points to 3.47 percent and the two-year yield dropping 6 basis points to 0.81 percent. German 10-year bund yields fell 5 basis points to 2.90 percent, while two-year yields were also 4 basis points lower, at 0.57 percent.
Traders are betting the plan to rescue debt-laden governments from Greece to Portugal will fail to reverse the euro’s worst start to a year since 2000, forcing the European Central Bank will keep interest rates at a record low for longer. Economic growth in the nations that share the euro will lag behind the U.S. by almost 1.5 percentage points next year, Bloomberg surveys of economists show.
Greek Debt Insurance
The cost of protecting against a default by Greece fell. Credit-default swaps tied to Greek government bonds dropped 22 basis points to 562.5, according to CMA DataVision. The yield on the two-year Greek note fell 99 basis points to 8.16 percent, extending yesterday’s more than 1,000 basis-point decline.
Banco Santander SA led European banks lower, falling 5.6 percent in Madrid. Spain’s biggest lender yesterday surged 23 percent, its biggest rally in 20 years. BHP Billiton Ltd., the world’s largest mining company, retreated 2.7 percent in London. Deutsche Boerse AG slipped 1.6 percent in Frankfurt after reporting earnings that missed analysts’ estimates.
The decline in U.S. futures indicated the S&P 500 may pare some of yesterday’s 4.4 percent rally, which was the biggest advance since March 2009. The benchmark gauge for U.S. equities is still down 4.7 percent from its April 23 high.
The MSCI Asia Pacific Index fell 1 percent, paring yesterday’s 1.5 percent advance. The MSCI Emerging Markets Index slipped 0.7 percent as the retreat in Chinese shares was offset by gains of at least 3.4 percent in Russian and Philippine equity markets, which were closed for trading yesterday. The Philippine peso strengthened 0.8 percent against the dollar, the most among major emerging-market currencies, after Benigno Aquino headed for a landslide presidential election victory, ending concern that the result would be contested.
Chinese Growth
The Shanghai Composite Index sank 1.9 percent, bringing its decline from a Nov. 23 high to 21 percent. Investors are concerned that accelerating inflation and surging property prices in China will spur the government to boost interest rates for the first time since 2007, slowing growth in the world’s fastest-expanding major economy and biggest metals user.
Copper for delivery in three months fell 2.7 percent to $6,930 a ton on the London Metal Exchange. Aluminum, nickel and zinc also retreated. Gold for immediate delivery advanced 1.1 percent to $1,217 an ounce. Crude oil for June delivery fell 1.6 percent to $75.58 a barrel in New York trading.
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por admin » Mar May 11, 2010 7:32 am
Europe/Africa/Middle East
INDEX VALUE CHANGE %CHANGE TIME
ESTX 50 € Pr 2,688.09 -70.80 -2.57% 08:07
FTSE 100 INDEX 5,295.46 -91.96 -1.71% 08:06
CAC 40 INDEX 3,645.25 -75.04 -2.02% 08:06
DAX INDEX 5,957.06 -60.85 -1.01% 08:06
IBEX 35 INDEX 9,841.80 -510.10 -4.93% 08:06
FTSE MIB INDEX 20,510.36 -460.85 -2.20% 08:06
AEX-Index 329.76 -5.48 -1.63% 08:07
OMX STOCKHOLM 30 INDEX 985.77 -19.57 -1.95% 08:21
SWISS MARKET INDEX 6,451.82 -30.13 -0.46% 08:07
Asia/Pacific
INDEX VALUE CHANGE %CHANGE TIME
NIKKEI 225 10,411.10 -119.60 -1.14% 02:29
HANG SENG INDEX 20,146.51 -280.13 -1.37% 04:01
S&P/ASX 200 INDEX 4,548.00 -51.80 -1.13% 02:38
INDEX VALUE CHANGE %CHANGE TIME
ESTX 50 € Pr 2,688.09 -70.80 -2.57% 08:07
FTSE 100 INDEX 5,295.46 -91.96 -1.71% 08:06
CAC 40 INDEX 3,645.25 -75.04 -2.02% 08:06
DAX INDEX 5,957.06 -60.85 -1.01% 08:06
IBEX 35 INDEX 9,841.80 -510.10 -4.93% 08:06
FTSE MIB INDEX 20,510.36 -460.85 -2.20% 08:06
AEX-Index 329.76 -5.48 -1.63% 08:07
OMX STOCKHOLM 30 INDEX 985.77 -19.57 -1.95% 08:21
SWISS MARKET INDEX 6,451.82 -30.13 -0.46% 08:07
Asia/Pacific
INDEX VALUE CHANGE %CHANGE TIME
NIKKEI 225 10,411.10 -119.60 -1.14% 02:29
HANG SENG INDEX 20,146.51 -280.13 -1.37% 04:01
S&P/ASX 200 INDEX 4,548.00 -51.80 -1.13% 02:38
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por admin » Mar May 11, 2010 7:42 am
MBI reporto perdidas debido a su linea de derivatives.
Tanto las ventas como los ingresos de sus inversiones cayeron. Las perdidas fueron de $1.48 billones o $7.22 EPS.
CORRECT: MBIA Swings To 1Q Loss On Credit-Derivative Loses
7:33 PM ET 5/10/10 | Dow Jones
("=MBIA Swings To 4Q Loss On Credit-Derivative Losses," at 4:39 p.m. EDT, misstated the quarter being reported in the headline.)
DOW JONES NEWSWIRES
MBIA Inc.'s (MBI) first-quarter swung to a loss on derivative impacts as the bond insurer saw premiums and investment income both decline.
Shares in MBIA, one of the largest bond insurers in the world, were down 7.3% at $8.65 in after-hours trading.
It and many other bond insurers guaranteed mortgage-related securities during the credit and real-estate boom, which backfired when the housing market collapsed and the financial crisis hit. MBIA were left with claims so large they threatened its survival.
Last year, it splintered off its public-finance business, calling it the National Public Finance Guarantee Corp., while the structured-finance guarantees, with all their obligations, remained with MBIA Insurance Corp.
The move sparked lawsuits, which joined the whirlwind of litigation surrounding MBIA. Banks--arguing the split stripped the MBIA arm of assets that would have been paid to them in claims--sued MBIA, all while MBIA has been suing banks, saying they misrepresented the quality of the securities they had MBIA guarantee. Shareholders have also sued MBIA, saying the company misrepresented its exposure to the mortgage-backed securities.
In the most recent period, MBIA posted a loss of $1.48 billion, or $7.22 a share, reversing from a year-earlier profit of $700.6 million, or $3.34 a share. The loss was mostly driven by $2.2 billion in pretax unrealized losses on insured credit derivatives. Pretax loss and loss-adjustment expenses were $214.4 million, down from $693.7 million.
Revenue decreased 13% to $1.77 billion. Total premiums earned fell 31%, as did net investment income.
Tanto las ventas como los ingresos de sus inversiones cayeron. Las perdidas fueron de $1.48 billones o $7.22 EPS.
CORRECT: MBIA Swings To 1Q Loss On Credit-Derivative Loses
7:33 PM ET 5/10/10 | Dow Jones
("=MBIA Swings To 4Q Loss On Credit-Derivative Losses," at 4:39 p.m. EDT, misstated the quarter being reported in the headline.)
DOW JONES NEWSWIRES
MBIA Inc.'s (MBI) first-quarter swung to a loss on derivative impacts as the bond insurer saw premiums and investment income both decline.
Shares in MBIA, one of the largest bond insurers in the world, were down 7.3% at $8.65 in after-hours trading.
It and many other bond insurers guaranteed mortgage-related securities during the credit and real-estate boom, which backfired when the housing market collapsed and the financial crisis hit. MBIA were left with claims so large they threatened its survival.
Last year, it splintered off its public-finance business, calling it the National Public Finance Guarantee Corp., while the structured-finance guarantees, with all their obligations, remained with MBIA Insurance Corp.
The move sparked lawsuits, which joined the whirlwind of litigation surrounding MBIA. Banks--arguing the split stripped the MBIA arm of assets that would have been paid to them in claims--sued MBIA, all while MBIA has been suing banks, saying they misrepresented the quality of the securities they had MBIA guarantee. Shareholders have also sued MBIA, saying the company misrepresented its exposure to the mortgage-backed securities.
In the most recent period, MBIA posted a loss of $1.48 billion, or $7.22 a share, reversing from a year-earlier profit of $700.6 million, or $3.34 a share. The loss was mostly driven by $2.2 billion in pretax unrealized losses on insured credit derivatives. Pretax loss and loss-adjustment expenses were $214.4 million, down from $693.7 million.
Revenue decreased 13% to $1.77 billion. Total premiums earned fell 31%, as did net investment income.
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por admin » Mar May 11, 2010 7:45 am
El mercado ya se dio cuenta que lo de Europa es fraude se esta poniendo deuda encima de mas deuda.
Y ahora los americanos tienen que rescatar no solo a los bancos y todo el sistema financiero si no tambien a paises como Grecia. No se pasen!!!
Y ahora los americanos tienen que rescatar no solo a los bancos y todo el sistema financiero si no tambien a paises como Grecia. No se pasen!!!
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por Victor VE » Mar May 11, 2010 8:13 am
admin escribió:Gold Fields y BVN reportan un mayor descubrimiento de oro, cobre y plata en Chucapaca en el sur del Peru.
Gold Fields, Buenaventura Report Major Gold Discovery in Peru
Share Business ExchangeTwitterFacebook| Email | Print | A A A By Ana Monteiro
May 11 (Bloomberg) -- Gold Fields Ltd. and Compania de Minas Buenaventura S.A.A. discovered a “major” gold, copper and silver deposit in the Chucapaca project area in southern Peru.
A ver pues si se mueve algo LACIMAI porque no hay movimiento desde hace meses.
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