Oklahoma Star
OklahomaStar.com Monday 6th February 2012 Issue 37/2012
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U.S. stocks falter on lingering Greek debt concernsU.S. stocks falter on lingering Greek debt concerns
U.S. stock indices lightened up on Monday, interrupting a multi-week uptrend.

Losses however were limited with the bulk of them clawed back in the final hour of trading.

The wrangle over...


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Europe slump to hit China growth, warns IMFEurope slump to hit China growth, warns IMF
NEW YORK - The IMF has warned of lower growth in China in view of the economic slump in Europe, and cut its forecast for the world's second largest economy this year to 8.25 per cent from 9 per cent...
China gives Citigroup the nod to offer credit card in ChinaChina gives Citigroup the nod to offer credit card in China
NEW YORK - Citigroup's Chinese subsidiary has been granted permission to offer its credit cards in China, becoming the first US based bank and the second foreign bank to receive the nod.

Currently...
More consultataion on telecom charter in India neededMore consultataion on telecom charter in India needed
Telecom sits on the top of the incredible India story. But the mess, evident in the award of second generation (2G) licences, shows how at least six principal characters worked overtime to deface it....
Bristol pound to be launched on May 21Bristol pound to be launched on May 21
BRISTOL - Hundreds of traders and business establishments have signed up for Bristol's own currency to be launched May 21, with the backing of the Bristol Credit Union, a bank run as a...
Greece to continue bailout talksGreece to continue bailout talks
ATHENS - Greek Prime Minister Lucas Papademos has said he would continue intense talks with his coalition partners on austerity measures for a 130 billion-euro EU bailout plan second for...
No EU carbon tax, vows ChinaNo EU carbon tax, vows China
BEIJING - China's Monday asked its airlines not to pay a charge on carbon emissions imposed by the European Union (EU).

The authorities also asked the airlines not to hike freight or add other...
Constar's 4Q earnings soar as Redbox thrives
BELLEVUE, Wash. (AP) -- Coinstar's fourth-quarter earnings soared past analyst estimates as the company's Redbox kiosks for renting DVDs picked up customers who stopped getting their discs...
Of rare metals and market forces
All that glitters is not gadolinium. Even so, that mineral and its 16 "rare earth" cousins -- found in everything from batteries to catalytic converters -- do help make the modern world go...
Summary Box: After 2 years of big profits, corporate America is straining for small gains
POOF GO THE PROFITS: Companies in the S&P 500 earned an estimated 5.8 percent more last quarter than a year ago. Since the start of 2010, profits have grown five times as fast in an average...
ViaSat hits on earnings, misses on revenue
Carlsbad's ViaSat posted fiscal third quarter earnings on Monday that met Wall Street analysts' expectations, but the company fell short on revenue because of slower orders from its defense...
Coinstar's stock soars on strong 4Q for Redbox
COMMERCIAL IMAGE - In this photograph taken by AP Images for Redbox, Bob Mudge, right, president of Verizon Consumer and Mass Business Markets, and Paul Davis, CEO of Coinstar, Inc. announced today,...
Verizon-Redbox deal adds to online video choices
In this Jan. 6, 2012 photo, attendees check out the unveiling of 4G devices at the Verizon booth during the Consumer Electronics Show, in Las Vegas. Challenging Netflix, Verizon said Monday, Feb. 6,...
MF Global trustee tracks down $105B in transactions
James Giddens, the trustee overseeing the liquidation of MF Global, said on Monday his investigators have now traced most of the $105 billion in transactions made at the bankrupt securities firm in...
MF Global trustee has traced most missing funds
WASHINGTON (MarketWatch) -- A trustee seeking to distribute customer securities overseen by bankrupt MF Global Inc. said Monday that a majority of the cash that disappeared from the commodities...
Stocks to Watch: Stocks to Watch Tuesday: Coinstar, Yum, Coke
CHICAGO (MarketWatch) - Coinstar Inc., NCR Corp., Yum Brands and Coca-Cola Co. are among the stocks that could see active trading on...
Badger Meter 4Q earnings fall below analysts' estimates
(0) Comments Water-meter manufacturer Badger Meter Inc. on Monday reported a deeper-than-expected drop in earnings and sales in the latest quarter. The company, which plays an active role in...
Pepsi Peppy Going Into Earnings, Snacks Driving Stock To $71
PepsiCo is scheduled to announce its earnings on Thursday, February 9. Once again the snack segment, and not the core soft drink business, is expected to lead the growth. Recent acquisitions in...
Deutsche Bank Stock Worth $49 Despite Weak Earnings
Deutsche Bank ended up with a pre-tax loss of EUR351 million ($460 million) for the fourth quarter of 2011, bringing to an end a difficult year for the German...
Is the end of Wall Street nigh?
Wall Street investors couldn't even manage their own money in the economic crisis of 2008, so now, post-crisis, we are way less inclined to allow them to manage...
Traders Watch Bernanke for Any Shift After Jobs Report
Fed Chairman Ben Bernanke is likely to repeat his case Tuesday for a long period of low rates, and he'll keep markets guessing about whether the Fed will do more quantitative...
Investors Jump Back Into ETFs to Join in Stock Rally
The rapid increase shows that ETS -- which allow you to trade market indexes, sectors, commodities and currencies as easily as a share of stock -- have become the preferred method for retail and...
Toyota Earnings Seen Lower, Could Upgrade Guidance
, is expected to report weaker quarterly earnings on Tuesday, hurt by a stronger yen and recent floods in auto-making hub Thailand, but investors will be hoping for an upgrade to its full-year profit...
Coinstar Beats Earnings Forecast on Redbox Growth
Growth of social media company, Facebook depends on its relationships with other companies. CNBC's Julia Boorstin has the details on who is "friending"...
Market Pays Greater Premium for Yum! than McDonalds
] were really warranted, especially the 2% spike in the after market.Earnings were certainly bullish; no question there. The owner of the Pizza Hut, Taco Bell and KFC chains says its fourth-quarter...
Hula Girls Revive Quake-Hit Fukushima Town at Hawaii Theme Park
Feb. 7 (Bloomberg) -- A Hawaiian theme park that propped up the economy of a rural Japanese town in Fukushima prefecture for 45 years was forced to close after the March 11 earthquake. Almost a year...
MF Global’s $310 Million Margin Call Exceeded Its Market Value
Feb. 7 (Bloomberg) -- MF Global Holdings Ltd., the futures broker that filed the eighth-largest bankruptcy in October, faced a $310 million margin call on its final day that exceeded its market...
N.J. Fracking Opponents Take Second Shot at Ban Christie Vetoed
Feb. 6 (Bloomberg) -- New Jersey Democrats will try for a second time to prohibit fracking for natural gas in the most densely populated U.S. state, after Governor Chris Christie vetoed a ban in...
Caesars IPO Discount May Come Up Short as Share Sales Loom
Feb. 6 (Bloomberg) -- Caesars Entertainment Corp., the casino chain saddled with more than $22 billion in debt, is planning an $18.1 million initial public offering that some analysts say...
Japan’s Nikkei 225 Falls From 3-Month High Amid Greek Stalemate
Feb. 7 (Bloomberg) -- Japan’s Nikkei 225 Stock Average retreated from a three-month high as Greek politicians struggled to meet the conditions for a bailout, reviving concern the debt-...
Noble Names Former Goldman Asia Chief Yusuf Alireza as New CEO
Feb. 7 (Bloomberg) -- Noble Group Ltd. named Yusuf Alireza, formerly co-president of Goldman Sachs Group Inc.’s Asia- excluding-Japan unit, as chief executive officer to lead Asia’s...
Microsoft Store coming next to Apple's at Stanford Shopping Center
Follow this company in San Jose. The store has been under renovation for some time but posters went up in the past week announcing that it will be a Microsoft store. The San Jose store...
Honeywell sues smart thermostat maker Nest over patents
Follow this company said on Monday it has sued smart thermostat developer Nest Labs Inc. for patent infringement. The lawsuit filed at United States District Court for the District of...
Wall St edges lower after string of gains
Stocks closed slightly lower on Monday as lingering questions about Europe's debt crisis and corporate earnings overshadowed growing optimism about economic growth after a five-week...
Used cars getting scarcer, more expensive
National Automobile Dealers Association shows the average price for a secondhand ride will go up by just under 2 percent this year, for an average of $11,850 for cars or $19,050 for light trucks....
Video: New Legos for girls called sexist
The maker of Legos has come out with a more feminine version of their popular blocks, but many people aren't happy about it. KNBC's Vikki Vargas...
Chrysler Super Bowl ad becomes political football
By Rob Neill "Times when we didn’t understand each other … discord and blame …"Clint Eastwood was reading from a script during this ad for Chrysler on Super Bowl Sunday,...
Stocks end lower amid uncertainty over Greece
Wall Street closed lower Monday as investors found little reason to extend a five-week rally on lingering uncertainty over whether Greece would accept the terms of a bailout.Another deadline lapsed...
Coyne: Caterpillar commentary runs off the rails of logic
By now, the nationalist version of last week's closing of the Electro-Motive Diesel locomotive plant in London, Ont., has been firmly established in the public mind, told and retold in a...
CAW threatens to occupy Caterpillar plant
The Canadian Auto Workers union says laid-off workers may occupy the Electro-Motive Diesel plant in London if the parent company, Caterpillar, does not offer the workers what it deems to be adequate...
Yum profit up as China keeps growing
YUM.N ) reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit at established restaurants in China helped ease worries that growth in its...
Mortgage deal faces setbacks, again
The French and German leaders told Greece time was running out as it attempts to get a deal on a debt restructuring plan, and warned Athens it would only get its second bailout if it delivers on its...
Exclusive: MGM secures $500 mln loan to expand film, TV slate
LOS ANGELES (Reuters) - Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film...
SEC's Gallagher wants more oversight of brokers
WASHINGTON (Reuters) - Congress made a mistake when it stripped away most of the Securities and Exchange Commission's authority to police the holding companies of broker-dealers for risks,...
BofA investor lawsuit wins class-action status
BAC.N ) won class-action status for their lawsuit accusing the bank of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co and the size of Merrill's losses and bonus...