Friday, December 9, 2011

USA - Corzine Testifies, Has No Knowledge of MF Global's Missing Money


Uploaded by on Dec 9, 2011
On Thursday, former CEO of MF Global, Jon Corzine, testified in front of Congress to shed light on the brokerage firm's bankruptcy. He was subpoenaed by the Senate to speak in front of the House Agriculture Committee to answer questions about millions of dollars in missing MF Global customer money.

The testimony comes six weeks after MF Global collapsed into bankruptcy after loosing a $6.3 billion bet on European sovereign debt. The missing customer money involved in the bankruptcy filing has attracted attention from the government, investors, and the FBI.

The former New Jersey governor said he had no knowledge about the missing funds and said he never intended to break any rules. When asked if he authorized the transfer of customer funds to firm accounts he said that if he did it was a misunderstanding.

Lawmakers did thank Corzine for not invoking the Fifth Amendment but critized him for not giving straight answers on what he did with the customer funds, making it look like he was just dodging responsibility.

What's In The News: December 9, 2011 Texas Instruments (NYSE:TXN) Cut Its Q4 Guidance (potential upside11.7%)

Uploaded by on Dec 9, 2011
This is what's in the news for December 9, 2011. The Wall Street Journal reports Wal-Mart Stores (NYSE:WMT) began an internal investigation into whether some of its workers violated the U.S. Foreign Corrupt Practices Act that prohibits bribery overseas. The Wall Street Journal reports Nokia Corp. (NYSE:NOK) will introduce its first device, called Lumia, powered by Microsoft's (NASDAQ:MSFT) latest Windows software for smartphones, in a move to enter the lucrative American market. Next week, T-Mobile USA (PINK:DTEGY) plans to announce that it will distribute the device. Reuters reports consumers spent a record $1.25B on Cyber Monday, according to comScore. Venture capitalists invested a record $2.39B in online shopping this year, according to Thomson Reuters data, more than double last year's $1.06B. Finally Bloomberg reports Bayer's (PINK:BAYRY) Yaz and its class of birth control pills containing the hormone drospirenone were backed in a close vote of U.S. advisers seeking clearer guidance for women about the danger of potential blood clots.
.
Texas Instruments (NYSE:TXN) Cut Its Q4 Guidance (potential upside11.7%)

Uploaded by on Dec 9, 2011
The country's third largest chipmaker Texas Instruments (NYSE:TXN) cut its guidance for the fourth quarter and warned demand was broadly lower as customers reduce their inventories.

Texas Instruments now expects revenue of $3.19 billion to $3.33 billion compared with its earlier forecast of $3.26 billion to $3.54 billion. Its new outlook misses analyst expectations of $3.41 billion.

Even though the chipmaker's products in personal computers are down in the current quarter, TI said sales of its OMAP application processors, used in Amazon's recently launched Kindle Fire tablets, have been better than expected during the quarter.

Shares of the company dropped 6.4% in extended trade after closing down 2.45%.

Texas Instruments (NYSE:TXN) has potential upside of 11.7% based on a current price of $29.92 and an average consensus analyst price target of $33.42.
.
Wal-Mart (NYSE:WMT) Launches Corruption Investigation (potential upside6.3%)

Uploaded by on Dec 9, 2011
Wal-Mart (NYSE:WMT) has started an internal investigation into whether its overseas operations complied with the U.S. Foreign Corrupt Practices Act in matters including permitting, licensing and inspections, the Associated Press reports.

The retail giant offered few details about the investigation in a quarterly report filed Thursday with the Securities and Exchange Commission. The law broadly deals with bribery and accounting rules when companies are doing business overseas.

Wal-Mart said it doesn't believe the issue will have a material impact on its business. The world's largest retailer -- which operates in 28 countries, including China, Mexico and Japan -- brought in $419 billion in revenue last year.

Wal-Mart Stores (NYSE:WMT) has potential upside of 6.3% based on a current price of $57.98 and an average consensus analyst price target of $61.65.

Spain - Todo listo para el clásico Real Madrid - Barcelona

Uploaded by on Dec 9, 2011
http://www.rtve.es/deportes/clasico/madrid-barcelona/
Todo listo para el gran partido de la temporada, el clásico Real Madrid - Barcelona de la Liga. Vívelo con RTVE.es y repasa lo mejor de la historia de los clásicos con nuestro gráfico interactivo:
http://www.rtve.es/deportes/clasico/madrid-barcelona/clasicos+clasicos/

Europe - Did Nicolas Sarkozy snub David Cameron's handshake / Avez-handshake Nicolas Sarkozy, David Cameron camouflet

Uploaded by on Dec 9, 2011
After hours of tense into-the-night talks and plenty of disagreement on the new EU treaty, the two leaders appear to avoid a handshake
.
Après des heures de tension dans-la-nuit et de nombreux entretiens de désaccord sur le nouveau traité de l'UE, les deux dirigeants semblent éviter une poignée de main

itc racing Motor sport news - do you like the new design?

Russell Grant’s Weekly Horoscopes Saturday 10th December 2011.

.
.
Aries (Mar21/Apr20) The end to a testing time arrives, leaving you free to broaden your horizons. Breaking free from an oppressive situation lets you to exercise your individuality. You won’t have to mince your words any longer. Best of all, you’ll be able to mix with people who share your interests and won’t judge you for being a “different”. Being a good team player is one thing, but sacrificing your identity is another. Stand up for your beliefs, no matter what the consequences.
  .
Taurus (Apr21/May21) You’ll be rewarded or recognised for a job completed some time ago, but don’t expect people to be dignified about it. You refuse to feel awkward about receiving what you have earned. Fortunately, there is someone close who is aware of your situation, and is prepared to call in a few favours for you. It just goes to show it pays to be nice to everyone you meet, no matter what their station in life. Now that you have a little money, you can pay an outstanding bill.
  .
Gemini (May22/Jun21) You’ll be forced to change gears against your will. Although every fibre of your being will rebel against this shift, it will benefit you in the long run. Having to alter your appearance for work, lose weight for health reasons, or adopt a different manner of speech is critical to your success. Once you see what a great reception you get, you’ll wonder why you didn’t take the leap a long time ago. Roll your sleeves up and get moving or you’ll miss a great opportunity.
  .
Cancer (Jun22/Jul23) Bringing a painful secret to light is always difficult, but staying silent is even harder. Admit you’re struggling with a difficult dilemma. An authority figure will come to your aid. People are a lot less judgmental than you think. Colleagues will come together to help you down the difficult road ahead. A nagging health problem will ease if you change your lifestyle. Never underestimate the link between a healthy mind and a strong body. When you work on one area, the other thrives, too. 
  .
Leo (Jul24/Aug23) Unexpected changes will occur in your social circle. Some friends will move away, leaving you at a loose end. Don’t panic, you will find a way to fill your free time. Take this opportunity to develop a creative skill. Taking a writing, painting, or music class will fire your enthusiasm and creativity. This is a time to experiment with a range on new ideas so don’t be afraid to try something new especially if it involves your Christmas plans and preparations.
  .
Virgo (Aug24/Sep23) A boss, manager or friend will move to greener pastures, sending a tremor through your world. You may have to spend more time dealing with work related matters to make up for the loss. Your family and friends won’t be too happy about this turn of events, but what can you do? There is a silver lining to this cloud, though. Taking on additional responsibilities will result in extra perks. You may even get a chance to telecommute or work at a nicer location.
  .
Libra (Sep24/Oct23) A legal or official situation is about to be settled and it looks like you’ll be the victor. This decision will allow you to form a partnership that is more to your liking. Your new sidekick or colleague will be unorthodox in their methods, but this actually works to your advantage. You’ll have a lot more freedom to do the things you want, while your partner attends to the sorts of jobs you dislike. You’ll also be able to buy that computer, console or phone you want.
  .
Scorpio (Oct24/Nov22) A source of income dries up, which is actually a relief. You were tired of working for demanding people you could never please. Now that you’re free to explore new opportunities, you have a better idea of what you do want from a job. A former colleague will approach you unexpectedly with an offer. This position will involve unusual duties or hours, but that’s not a problem for you. In fact, you’ll probably enjoy such a radical change of pace.
  .
Sagittarius (Nov23/Dec21) A tense deal will come to an end when you assert your rights. You’re tired of making allowances for somebody who always has an excuse for not doing their job. Friends are poised to help you through this difficult break. You never like turning your back on an agreement, but you don’t really have a choice. If you stick around others will try taking advantage of you. It’s time to make your boundaries known so there won’t be any confusion in the future.
  .
Capricorn (Dec22/Jan20) You want to be in tip-top shape for the festive season so do a little de-toxing this week. Eat sensibly, get a few early nights and take a tad more exercise. Friends and family will give you all the backing you need. Trust your instincts regarding a sibling or neighbour who will be alone over the yuletide holiday. Maybe you should send out a heartfelt invitation and put any doubts or qualms behind you. A present buying trip could cost you much more than you think.
  .
Aquarius (Jan21/Feb19) A romantic entanglement comes to an end. Although it gives you pain, the time is right to call it a day. You have fundamental differences that can’t be resolved. Changing your mobile number and blocking their emails will help the process. Having festive fun with friends and family will take you out of yourself and help you let off steam. Keep reminding yourself that new beginnings are difficult, but filled with the opportunity to move on to bigger and better things.
  .
Pisces (Feb20/Mar20) A troubling domestic situation ends much to your relief. It’s comforting to know a relative will get the necessary care and attention for a problem. You should be commended for your compassion and care through this trying time. An unexpected moneymaking opportunity will appear out of thin air. This is a great opportunity for you to capitalise on advanced technical skills. If you don’t have them now, you will soon get some as a result of this job.

.

Russell Grant's Daily Stars for Saturday 10th December 2011

.
.
Aries (Mar21/Apr20) A shocking bit of news causes you to change your habits. You can no longer indulge a particular vice that is jeopardising your health. Cutting out alcohol, fat, or sugar will be extremely difficult at first. You might want to join a support group. People who are undergoing the same struggles will give you the encouragement you need to keep going. That may sound simplistic to an independent creature like you, but sometimes the simplest solutions are the most effective ones.

  .
Taurus (Apr21/May21) A source of income could come to a sudden end. This puts pressure on your personal life. Romance will have to be relegated to the back burner while you're busy finding a new job. While you're learning the ropes, you'll have to curtail some of your favourite pastimes. This is really difficult for a creative person like you, who treats cooking, gardening, and handicrafts as essential as breathing. Keep reminding yourself that this is only temporary. Right now, financial security takes precedence over pleasure.
  .
Gemini (May22/Jun21) It seems like your entire family is projecting all their frustrations onto you. Nothing you do or say will ever satisfy them. It looks like you'll have to strike out on your own, even at the risk of losing their support. Whether this means embarking on a different lifestyle, changing your look, or pursuing another career is immaterial. The important thing is to understand your own needs and work towards them. If that means disappointing your nearest and dearest, so be it.
  .
Cancer (Jun22/Jul23) You haven't had a lot of time to be alone, and it's taking a toll on your health. As much as you hate to do it, you'll have to establish some firm boundaries with a colleague who keeps interrupting you. Although you're sympathetic to their problems, you've got your own work to do. Besides, you have to protect your interests in a job market like this. These days, employers are being forced to cut positions left and right. Now is the time to prove your worth as an employee.
  .
Leo (Jul24/Aug23) Friends are growing resentful of a romance, and who can blame them? They're sick and tired of being stood up. You can't afford to neglect them any longer. Cancel a hot date for the sake of a birthday or anniversary party. Your loved ones have supported you through thick and thin; now it's time to return the favour. This may feel like emotional blackmail, but it's really just a test of loyalty. Lovers come and go, but friends should be forever.
  .
Virgo (Aug24/Sep23) An embarrassing mistake comes to light, forcing you to admit you were wrong. This is very difficult for a perfectionist like you. Strangely, once you make your confession, you'll notice people will become much more friendly. That's because they used to be intimidated by you. Now you have come down to their level, you can all work together in a spirit of harmony. Resist the urge to cover up errors with lame excuses. The truth will set you free.
  .
Libra (Sep24/Oct23) You're undergoing a crisis of faith, and need some answers. Retreating to a private place where you can gather your thoughts is critical. Lately, a manipulative person has been affecting the choices you've made. You can no longer afford to be within their sphere of influence. Cut ties with this rogue and go your own way. This is a bad time to get embroiled in legal matters. Walk away with what you have, or you could lose even more.
  .
Scorpio (Oct24/Nov22) It's time to settle your debts, both emotional and financial. Breaking free of an obligation will make you vulnerable, but it will also prompt you to become more self reliant. Certain friends will be upset if you stop sharing your resources, feeling you owe them for services rendered. You've more than fulfilled your duties to these people. If your relationship is simply based on what you can do for each other, you're better off going solo.
  .
Sagittarius (Nov23/Dec21) A contract or partnership will experience a profound change. The agreement that once bound you together no longer applies. You'll have to do some deep soul searching to decide whether you want to forge another deal or go your separate ways. An authority figure is bearing down hard, forcing you to choose between your personal and professional lives. The way it stands, you must protect your career objectives. You've worked too hard to throw all this progress away.
  .
Capricorn (Dec22/Jan20) A work assignment comes to a close, leaving you at a loose end. It may turn out that someone with more training or experience will edge you out for a position. This just goes to show it is never too late to learn. Going back to the classroom will make it easier to get a stable position. It will also give you a chance to reconsider your career trajectory. Perhaps entering a new industry will expand your moneymaking opportunities. It's important to be realistic in an economy like this.
  .
Aquarius (Jan21/Feb19) Shocking developments prompt you to take a second look at a romance. The object of your affection is not what they seem. Take a more balanced view of their strengths and weaknesses. It's possible money or sex is being used as a weapon against you. A temporary separation will give you a chance to view the situation more objectively. If you're single, you might have to shelve a creative project until a friend's personal life settles down.
  .
Pisces (Feb20/Mar20) A property deal or move could fall through at the last minute. This puts incredible strain on an intimate relationship. The two of you will have to resist the urge to turn on each other when the going gets rough. Formulate a plan for moving forward. This might require you to switch roles or change how you interact. If you're looking for a place to live, spread the word among friends and family. By taking advantage of your extensive social network, you'll find a better domestic situation.

.

KLM - Return flights to Amsterdam from GBP 79 from UK airports listed below


Fly to Amsterdam from
Fare in GBP (incl. taxes) rtn
Manchester (MAN)
76
Bristol (BRS)
79
Liverpool (LPL)
79
Edinburgh (EDI)
79
Leeds Bradford (LBA)
79
London Heathrow (LHR)
99
Birmingham (BHX)
99
Cardiff (CWF)
99
Aberdeen (ABZ)
149