Wednesday, November 23, 2011

USA - Jobless Claims Rise Slightly But Stay Below 400,000


Uploaded by on Nov 23, 2011
The Labor Department reported Wednesday initial claims for state unemployment benefits climbed to a seasonally adjusted 393,000 from an upwardly revised 391,000 in the prior week. Consensus among economists forecast claims at 390,000.

The number of people still receiving benefits under regular state programs rose 68,000 to 3.69 million in the week that ended November 12. Economists had forecast that number would fall from the previous week to 3.6 million.

A total of 6.73 million people claimed unemployment benefits under all programs during the week ending November 5, down 44,608 from the prior week.
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Deere & Company (NYSE:DE). Beats Q4 Earnings Estimates (potential upside 21.1% )

Uploaded by on Nov 23, 2011
Deere & Company (NYSE:DE) reported Q4 earnings before the markets opened today, posting an EPS of $1.62, topping analyst estimates for $1.43 per share. Revenue rose 20% year over year to $8.6 billion, also beating the average consensus estimate for $7.87 billion.

Samuel R. Allen, chairman and chief executive officer said, "John Deere has completed another year of exceptional achievement. Our success reflects a continued pattern of strong customer response to our innovative lines of equipment coupled with the skillful execution of business plans aimed at expanding our global competitive position. John Deere's record performance is a further tribute to our operating model, which stresses rigorous cost management and asset efficiency. As a result, we are achieving unprecedented financial results and generating healthy levels of cash flow."

Deere (NYSE:DE) has potential upside of 21.1% based on a current price of $71.92 and an average consensus analyst price target of $87.07.
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What's In The News: November 23, 2011 Citigroup (NYSE:C) Bank of America (NYSE:BAC) GM (NYSE:GM)


Uploaded by on Nov 23, 2011
This is what's in the news for Wednesday, November 23. The Wall Street Journal reports an intensifying battle for deposits among European banks is putting pressure on the Continent's banking system. Individuals and businesses have pulled billions of euros of deposits out of banks in countries such as Spain and Italy in recent months, according to bank disclosures and analyst research. The Wall Street Journal also reports China beat out the U.S. for the first time to become the world’s largest smartphone market by volume during Q3. China shipped a record 24M smartphones compared to 23M in the U.S., according to Strategy Analytics. Bloomberg reports Citigroup (NYSE:C) and Bank of America (NYSE:BAC) are among lenders that may have to temper plans to raise dividends and buy back stock next year as the Fed toughens capital tests for the biggest U.S. banks. Reuters reports German Chancellor Merkel rejected criticism of the ECB for not taking bolder steps to stem the euro zone debt crisis and made clear the next tranche of aid Greece couldn't be paid out unless big parties in the country committed in writing to back austerity. Reuters also reports that options for restructuring GM's (NYSE:GM) German brand Opel could include a form of bankruptcy, analysts and bankers say. Costs will have to be cut further, and could include politically charged job cuts and plant closures in Europe.
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Italy - Could Borrow $123 Billion From IMF


Uploaded by on Nov 23, 2011
The New York Times reported that IMF's new fund, designed for countries in relatively good financial health but facing liquidity problems, could lend Italy about $123 billion.

Smaller countries facing fallout from the euro zone crisis would be helped by the IMF funding, and last week a spokesman for the funds said that developing countries have expressed willingness to increase the money available to the IMF, the Times notes.
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Google (NASDAQ:GOOG) Announces "Spring Cleaning" Out of Season, Gets Rid of Knol, Google Wave

Uploaded by on Nov 23, 2011
In a blog post, Google says (NASDAQ:GOOG) "To recap, we're in the process of shutting a number of products which haven't had the impact we'd hoped for, integrating others as features into our broader product efforts, and ending several which have shown us a different path forward. Overall, our aim is to build a simpler, more intuitive, truly beautiful Google user experience."

The company says it will get rid of Google Bookmarks Lists, Google Friend Connect, Google Wave, Knol, Google Gears and Renewable Energy Cheaper than Coal, or REReference Link.

Google (NASDAQ:GOOG) has potential upside of 26.1% based on a current price of $580 and an average consensus analyst price target of $731.39.
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Libya - ICC: Saif al-Islam to be tried in own country


Published on Nov 23, 2011 by
http://www.euronews.net/ The new Libyan transitional government has been given a stamp of approval by the international criminal court.

The ICC had earlier issued a warrant for Colonel Gaddafi's son Saif al-Islam.

But they now say they have confidence, that the new government can deal with his trial, internally.

Abdullah al-Senussi, Gaddafi's former spy chief, is also to be put on trial.




He was captured alive by revolutionary fighters not far from where Saif al-Islam was seized a day earlier.
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Get $12 off for $100 on All Products for Thanksgiving Sales. Coupon Code: LITBTG » LightInTheBox.com

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The National Lottery - 50 UK millionaires by Christmas (The National Lottery)


Friday 25th November to Friday 23rd December is Millionaires Month! We?ll create 50 UK millionaires by Christmas in the UK Millionaire Raffle.
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