Wednesday, November 30, 2011

Germany - Surprise jobless rate boost down to 6.9% from 7% / Deutschland - Arbeitslosenquote erhöhen sich auf 6,9% von 7%

Published on Nov 30, 2011 by
http://www.euronews.net/ Unemployment is down slightly in Germany, bringing a small measure of good news for the country amid the unrelenting euro crisis gloom.

The rate for November fell by 20,000, four times more than had been forecast.

It does not look much in percentage terms - down to 6.9 from 7 percent in October - but it is still a figure many other EU countries would be envious of. However, analysts are warning the reprieve may be temporary and that the effects of slowing economic growth will likely push unemployment up in the coming months.
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Die Arbeitslosigkeit sinkt leicht in Deutschland, in denen ein geringes Maß an gute Nachricht für das Land inmitten der unerbittlichen Euro-Krise Düsternis.

Die Rate für November sank um 20.000, hatte vier Mal mehr als prognostiziert.

Es sieht nicht so viel in Prozent - auf 6,9 von 7 Prozent im Oktober - aber es ist noch eine Figur viele andere EU-Länder beneiden würde. Allerdings sind Analysten warnen die Begnadigung kann temporär sein, und dass die Auswirkungen der Verlangsamung des Wirtschaftswachstums wird voraussichtlich durch die Arbeitslosigkeit in den kommenden Monaten.

What's In The News: November 30, 2011 Goldman Sachs Group. Home Depot. A Bank Clothiers. Raytheon. Berkshire Hathaway. Starwood Hotels.

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This is what's in the news for Wednesday November 30. The Wall Street Journal reports Samsung Electronics won a key victory in its tablet battle with Apple (NASDAQ:AAPL) as a panel of judges lifted a temporary ban on sales of its devices in Australia. The Wall Street Journal also reports Goldman Sachs Group (NYSE:GS) is turning to the less risky and potentially less lucrative business of providing start-up money to hedge-fund managers. The firm raised $600M from clients for a new fund and plans investments in eight to 10 new hedge funds. Reuters reports Europe faces a crucial 10 days to save the euro zone after agreeing to increase the firepower of its bailout fund as it acknowledged it may have to turn to the IMF for more help to avert financial disaster. Finally, Bloomberg reports shares of Home Depot (NYSE:HD) and Lowe’s Cos. (NYSE:LOW) are outperforming other consumer discretionary stocks as the worst of the declines in the housing market may be over
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Uploaded by on Nov 30, 2011
Jos. A. Bank (NASDAQ:JOSB) reported Q3 earnings before the markets opened today, posting an EPS of $0.54 beating analyst expectations of $0.51 per share. Revenue rose 21% year over year to $209.6 million higher than consensus estimates of $196.03 million.

R. Neal Black, President and CEO of JoS. A. Bank Clothiers, Inc. stated, "We are pleased to report another solid sales and earnings performance for the third quarter of fiscal year 2011 with sales growth of 21.0% and earnings growth of 19.3%. With this quarter's results, we have achieved earnings growth in 40 of the past 41 quarters when compared to the respective prior year periods, including 22 quarters in a row. The fourth quarter, compared to a very strong performance last year, has started out more slowly than we had planned. November comparable store sales declined, while our direct segment sales increased, compared to the same period last year. As a result, we have adjusted our December merchandising and marketing plans for stores. We believe our efforts will be effective and appealing to our customers. Therefore we remain cautiously optimistic for the outcome of this year's fourth quarter."

JOS A Bank Clothiers (NASDAQ:JOSB) has potential upside of 21.2% based on a current price of $51.17 and an average consensus analyst price target of $62.
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Raytheon (NYSE:RTN) announced on Wednesday it got the okay from U.S. Congress and the State Department to upgrade Saudi Arabia's missile defense system.

The upgrade will cost $1.7 billion and consist of ground-system hardware, a full training package, support equipment upgrades, and a capability upgrade to support potential coalition operations.

The Patriot missile system is used to shoot down missiles groom aircraft as well as ballistic missiles.

Raytheon (NYSE:RTN) has potential upside of 14% based on a current price of $43.69 and an average consensus analyst price target of $49.79.
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Berkshire Hathaway to Acquire Omaha World-Herald Company

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Berkshire Hathaway (NYSE:BRK.A) announced that it will acquire the Omaha World-Herald Company. The transaction is expected to close in late December, pending approval of the Omaha World-Herald's shareholders, comprised of active employees, retired employees and the Peter Kiewit Foundation and is also subject to customary other closing conditions, including regulatory approvals.

Berkshire Hathaway (NYSE:BRK.A) has potential upside of 12.5% based on a current price of $115800 and an average consensus analyst price target of $130250.
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Starwood Hotels Announces Partnership with Jiepang 

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Starwood Hotels & Resorts Worldwide (NYSE:HOT) announced its partnership with Jiepang, one of China's leading location-based social mobile apps, to launch a new digital extension to their Starwood Preferred Guest loyalty program specifically designed for Chinese travelers.

Starwood Hotels & Resorts (NYSE:HOT) has potential upside of 25.9% based on a current price of $47.24 and an average consensus analyst price target of $59.48.

Starwood Hotels & Resorts is currently below its 200-day moving average (MA) of $52.32 and should find support at its 50-day MA of $45.96.
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Kindle Fire Update Autoruns, De-Roots Jailbroken Devices

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Amazon's (NASDAQ:AMZN) newest software update for its Kindle Fire apparently activates automatically upon detection of a Wi-Fi connection, then de-roots jailbroken devices and removes access to the Android Marketplace for some users, but the changes are reversible, according to Gizmodo.

Amazon.com (NASDAQ:AMZN) has potential upside of 26.8% based on a current price of $189.45 and an average consensus analyst price target of $240.29.

Amazon.com is currently below its 50-day moving average (MA) of $218.42 and below its 200-day MA of $200.24.
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Microsoft Sells Nearly 1 Million Xbox 360s in Black Friday Week

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Microsoft (NASDAQ:MSFT) announced that the week including Black Friday set a record for sales of its Xbox, with more than 960,000 consoles sold, as more than 800,000 of the video game systems were sold on Black Friday alone, reported Boy Genius.

Microsoft (NASDAQ:MSFT) has potential upside of 27.9% based on a current price of $25.25 and an average consensus analyst price target of $32.29.

Microsoft is currently below its 50-day moving average (MA) of $26.15 and below its 200-day MA of $25.78.
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The Fresh Market misses by $0.01, Revenues In-Line

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The Fresh Market (NYSE:TFM) reported fiscal third quarter earnings of $0.19, a one-cent miss, on revenues of $263.3 million in line with estimates of $265.

Craig Carlock, President and Chief Executive Officer said, "We are excited to report another solid quarter of sales and earnings growth. Our comparable store sales grew 5.5% in the quarter, making it both our best quarter of this fiscal year and our eighth consecutive quarter of comparable store sales growth of 4.0% or greater. We were also able to maintain our operating margin of 5.5% this quarter despite pressure from rising food and commodity costs and despite the additional costs incurred related to being a publicly-traded company."

AT&T (NYSE:T) Could Divest 50% of T-Mobile Users to Get Merger Approval (potential upside 11.5%)

Uploaded by on Nov 30, 2011
In order to secure approval for a deal that is under pressure from various parties, AT&T (NYSE:T) may propose divesting as much as 40% of T-Mobile's assets, but could sell a higher percentage of T-Mobile's customers, potentially as many as half of users, and a smaller share of other assets, reported Bloomberg, citing analysts.

AT&T (NYSE:T) has potential upside of 11.5% based on a current price of $28.06 and an average consensus analyst price target of $31.29.

AT&T is currently below its 50-day moving average (MA) of $28.74 and below its 200-day MA of $29.52.

Yahoo (NASDAQ:YHOO) Considers $16.50 Share Bid From Silver Lake (potential upside 16.9%) + Google Launches New Google Bar

Uploaded by on Nov 30, 2011
All Things Digital reported that Silver Lake is offering Yahoo (NASDAQ:YHOO) about $16.50 per share for 19.9% of the company.

Silver Lake's plan would give them three board seats, and another for its choice of CEO. One other sear would be Yahoo co-founder and current board member Jerry Yang.

Yahoo! (NASDAQ:YHOO) has a potential upside of 16.9% based on a current price of $15.7 and an average consensus analyst price target of $18.36.

Yahoo! is currently above its 50-day moving average (MA) of $15.38 and above its 200-day of $15.45.
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Uploaded by on Nov 30, 2011
Google (NASDAQ:GOOG) announced a new Google bar that the company said would enable people to navigate quickly between its services, as well as share as the "right stuff" with the right people easily on Google+.

Instead of the horizontal black bar at top of the page, links to the services will be available in a new drop-down Google menu nested under the Google, the company explained.

Google (NASDAQ:GOOG) has potential upside of 25.5% based on a current price of $582.93 and an average consensus analyst price target of $731.39.

Google should find initial support at its 50-day moving average (MA) of $569.05 and further support at its 200-day MA of $555.67.

USA - Private Sector Employment Rose Almost Twice the Average

Uploaded by on Nov 30, 2011
According to the ADP employment report, private sector jobs increased sharply in the month of November, the largest gain since last December. Payrolls rose by 206,000 which is almost twice the average increase in recent months with the October level only being at a revised 130,000.

In other sectors, 178,000 new jobs in the service-providing sector, 28,000 in the goods-producing sector, and 110,000 at small businesses.

With this positive report, many economists believe the Labor Department will report rising employment but the unemployment rate of 9% will remain constant.

Europe - Olli Rehn: Eurozone entering 'critical period of 10 days'

Uploaded by on Nov 30, 2011
Europe faces a crucial 10 days to save the euro zone and stop a two-year old sovereign debt crisis.
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Published on Nov 30, 2011 by
http://www.euronews.net/ Finance ministers of the eurozone are in Brussels for a further emergency meeting to try to save the euro zone.

They have been told by the European Union's monetary chief that they have just 10 days to resolve the ongoing debt crisis.

The ministers agreed yesterday to boost the firepower of their bailout fund, but they are still not sure how to finance it.

Discussions are now focusing on the key role of the IMF and the European Central Bank.

Russell Grant's Daily Horoscopes for Thursday 1st December 2011

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Aries (Mar21/Apr20) Health problems will occur if you keep driving yourself so hard. Take this opportunity to rest and relax. You can do any Christmas shopping online. Do your best to resist the hysteria surrounding this time of year. The important thing is spending time with friends and family. You don't have to put forth a perfect performance. If staying in town is too stressful to bear, you may want to take a holiday instead. There's no point in subjecting yourself to stress.
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Taurus (Apr21/May21) Beware of playing extreme sports, or you could break a bone or pull a muscle. If you're in a sexual relationship, be safe. Your health is delicate, and you should take every precaution to protect it. Bills are piling up, causing you great anxiety. You're the type who needs to be on stable financial ground to be happy. Think about returning expensive purchases and making homemade gifts instead. Anybody can go shopping; it takes care and effort to make something with your own hands.
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Gemini (May22/Jun21) Take extra pains to keep poisonous materials, flammable substances, and sharp tools locked away. Accidents can happen on a volatile day like this. Tempers are running high in an intimate relationship. You're tired of your best friend or romantic partner's egotism. You must be more assertive if your needs are going to be met. Remember, your loved one can't read your mind. Don't be so quick to agree to unappealing plans, just for the sake of preserving harmony.
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Cancer (Jun22/Jul23) Technology has a way of breaking down. If your computer, phone, or car starts malfunctioning, send it in for repairs. Meanwhile, you might want to consider living without such conveniences for a while. These days, simple pleasures like taking a nature walk, reading a good book, or enjoying a tasty treat may seem silly. Nothing could be further from the truth. It takes time to train yourself to slow down and smell the flowers, but the resulting peace will be worth the temporary discomfort.
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Leo (Jul24/Aug23) Keep your valuables under lock and key, as there is a danger of theft. You wouldn't want to lose something precious because you didn't take a few extra seconds to secure your possessions. You may feel pressured to buy a loved one an expensive gift. No matter how hard you try, you won't be able to buy their affection. The best way to make inroads to your relationship is spending more quality time together. Find an activity you'll both enjoy.
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Virgo (Aug24/Sep23) Just because you're the most efficient, intelligent member of your family doesn't mean you should always get your way. Refrain from criticising a relative's plans, even if they seem juvenile. Some of your favourite activities seem dull to your nearest and dearest, but they wouldn't dream of spoiling your fun. Try extending them the same courtesy. You don't mean to be difficult; you just want to make the best use of your time and abilities.
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Libra (Sep24/Oct23) Don't get involved with secret intrigues. Engaging in gossip will only hurt your reputation. You're too kind and considerate to do make fun of somebody who can't defend themselves. Still, the lure of fitting in can tempt you into making some indiscreet comments. It may be a good idea to change your password to a more secure code. You wouldn't want an unscrupulous person to read confidential messages. The stars are prompting people to poke their noses where they don't belong.
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Scorpio (Oct24/Nov22) Remember the power you have to form people's opinion. Stirring up trouble could derail a tense situation. Instead of making provocative statements designed to undermine someone's authority, maintain a tactful silence. It's hard to sit by and watch someone who is less talented than you take the helm of an important situation. If you're patient you'll be given the reins. In the meantime, take note of the mistakes your boss has made, and devise ways to avoid them when your turn comes.
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Sagittarius (Nov23/Dec21) No matter how hard you try, you won't be able to force people to do your bidding. If you sense some resistance from the team, make a strategic retreat. State your reasons for following a certain plan. The more logical and persuasive you are, the quicker everyone will fall in line. Even if nobody cooperates, you can still move forward and take care of your portion of the project. As soon as everyone sees how much progress you're making, they'll follow suit.
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Capricorn (Dec22/Jan20) This isn't a good time to take an overseas trip. If you're already far from home, it might be difficult to get back. Mechanical breakdowns and flight delays will slow your progress. You're better off staying put and waiting until all the confusion clears. Now is not the time to get embroiled in a legal battle. You're better off settling out of court or dropping your case altogether. Sometimes it's better to save yourself the aggravation than trying to prove a point.
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Aquarius (Jan21/Feb19) If you owe somebody money, take pains to pay it back as quickly as possible. It's more important to reimburse people than credit agencies. Consider how much your creditor is struggling to make up the difference. The sooner you fulfil your obligation, the better your relationship will be. Resist the urge to confess a crush. The object of your affection doesn't return your feelings. It may not always be this way, but for now, you should focus your energy in a different direction.
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Pisces (Feb20/Mar20) Conflicts with a business or romantic partner are causing a great deal of stress. You're tired of being the victim of their bullying. You'll have to train yourself to fight back. That can be really difficult for someone like you, who hates confrontation. Still, until you learn how to assert yourself, you'll continue to experience difficulties in all of your relationships. Remember you have a right to your opinions. Stop apologising for feeling so deeply about things.
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USA - LA Police have moved in to evict protesters at the Occupy encampment outside City Hall in Los Angeles, California


Uploaded by on Nov 30, 2011
Police have moved in to evict protesters at the Occupy encampment outside City Hall in Los Angeles, California, after they defied an eviction notice.