Evening Market Wrap

Evening Market Wrap Tuesday, October 11, 2011, 17:01 Contents Commentary Corporate News Forex Top Story Political News Commentary Wall Street Closes Mixed Following Choppy Trading Day - U.S. Commentary After failing to sustain an initial downward move, stocks turned in a lackluster performance over the course of the trading day on Tuesday. While the tech-heavy Nasdaq managed to climb firmly into positive territory, the Dow and the S&P 500 bounced back and forth across the unchanged line. (Oct 11, 2011) Full Article Corporate News AT&T Announces Five New Android Smartphones AT&T, Inc. (T) announced the upcoming availability of five new Android smartphones, the Motorola ATRIX 2, Samsung Captivate Glide, Samsung DoubleTime, Pantech Pocket and the AT&T Avail, a new smartphone option for prepaid customers. In January, AT&T announced plans to introduce 12 Android devices in 2011. The company has introduced 12 Android smartphones and two new Android tablets since February. (Oct 11, 2011) Full Article AAR Corp. Purchases Airinmar Holdings AAR CORP. (AIR) said it acquired Airinmar Holdings Limited, a provider of aircraft component repair management services. The acquisition was paid for from available cash on hand and it is expected to be modestly accretive to earnings over the balance of the company's fiscal 2012. (Oct 11, 2011) Full Article IBM To Buy Privately-held Platform Computing For Undisclosed Terms International Business Machines Corp. (IBM) on Tuesday said it has entered into a definitive agreement to acquire privately-held cluster and grid management software company Platform Computing. Financial terms were not disclosed. (Oct 11, 2011) Full Article Forex Top Story Dollar Wobbles Even As Slovakia Dithers On EFSF Vote The dollar was unable to sustain early gains versus the euro on Tuesday, even as political squabbling in Slovakia threatened to delay approval for an expanded sovereign debt bailout fund. Slovakian parliament was expected to vote on the new European Financial Stability Facility earlier today, but lawmakers remain locked in debate over whether to extend a helping hand to their richer euro zone cousins. European officials have hinted that they may push ahead with the plan without approval from tiny Slovakia, but this method may create constitutional issues. Meanwhile, Greece's troika of lenders -- the International Monetary Fund, the European Commission and the European Central Bank -- said 8 billion euros, or $10.8 billion, in rescue loans would "most likely" be disbursed in early November. The Eurozone debt crisis has reached a systemic dimension and must be tackled decisively, European Central Bank President Jean-Claude Trichet said Tuesday. In a hearing on the European Systemic Risk Board, or ESRB, before the Committee on Economic and Monetary Affairs of the European Parliament, Trichet urged national governments to act together swiftly as further delays may aggravate the situation. The dollar slid back to $1.3650 from a daily high near $1.3570. A week ago the dollar was at a 9-month peak of $1.3144. The buck was steady near $1.56 versus the sterling. U.K. manufacturing output posted its weakest annual growth rate for 18 months in August. Rising oil prices kept the dollar from recovering this week's losses versus its Canadian counterpart, with the pair stuck at C$1.03. (Oct 11, 2011) Full Article Political News Latest Batch Of Polls Confirm Cain's Jump Into Top Tier A series of recent polls have shown a jump in support for Republican presidential candidate Herman Cain, with the former CEO of Godfather's Pizza joining the top tier of candidates in the race for the Republican nomination. The results of a Gallup poll released on Monday showed that support for Cain among Republicans and Republican-leaning independents has jumped to 18 percent from just 5 percent in a poll conducted in mid-September. (Oct 11, 2011) Full Article Christie Announces Support For Romney's Presidential Campaign A week after confirming that he would not run for president, New Jersey Gov. Chris Christie announced Tuesday that he is endorsing former Massachusetts Gov. Mitt Romney's campaign. Christie said, "Mitt Romney has a life history of coming into struggling organizations and turning them around. Right now, we need someone like him in the White House to fundamentally change our economy and reverse three years of failed policies." (Oct 11, 2011) Full Article Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service