Here Are The Key Market Moving Events For Tuesday, January 31, 2012 (MHP, LLY, ADM, LLL, CIT, XOM, ETR, MAT, UPS, BXP, DLB, AMZN, AFL, BRCM, VLO, PFE, X)


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Tuesday will be a busy day for the markets, as a number of major corporates report quarterly results and a flood of economic announcements hit the street.

On the earnings side, companies including Amazon.com and Exxon Mobil will release how they did over the previous three months. Sovereigns like France, the U.K., U.S. and Germany will also add to the mix.

Here's what you need to know.

  • Japan starts the day off with housing starts, which are forecast to be 1.5 percent below year-ago levels. However, annualized starts are seen growing by 3,000 units from November's 845,000 pace.
  • At 2:00 a.m. EST Germany will announce its first economic report of the day: retail sales. Economists predict that the resilient country will see sales improve 0.8 percent month-on-month, reversing a 1.0 percent decline in November.
  • France will release producer prices and consumer spending at 2:45 a.m. EST. Producer prices are seen declining 0.1 percent in December, while spending jumps 0.2 percent month-on-month.
  • Slightly after the announcements out of France, Hungary and Spain will report unemployment and CPI, respectively. Hungarian unemployment is seen increasing 10 basis points to 10.7 percent, while Spanish CPI is forecast to slow to an annualized rate of 2.3 percent from December's 2.4 percent reading.
  • Attention shifts back to Germany at 3:55 a.m. EST, when the country announces changes to the unemployment rate. The headline indicator is seen flat at 6.8 percent, while 10,000 fewer Germans are jobless.
  • Italy takes center stage at 4:00 a.m. EST, when it too announces its jobless rate. Expectations are for the figure to increase 10 basis points to 8.7 percent. An hour later, the European Central Bank will report unemployment for the full region, with forecasts for the jobless rate to tick up to 10.4 percent.
  • At 4:30 a.m. EST, net individual lending in the U.K. will be released. ForexTV forecasts show credit expanding by £1.2 billion from a £1.0 billion increase in November. 
  • Economic announcements move to Latin America for the next several hours, when Chile and Brazil release data. Brazilian industrial production is seen increasing 1.0 percent month-on-month, accelerating from a 0.3 percent growth in November. Chile will release unemployment data at 7:00 a.m. EST, with economists forecasting a flat reading at 7.1 percent.
  • Canadian monthly GDP will be announced at 8:30 a.m. EST, with expectations for 0.2 percent growth in November from a flat reading in the prior month.
  • The Case Shiller housing index will be released at 9:00 a.m. EST. Economists polled by Bloomberg see pricing in the 20 city U.S. composite index declining by 0.4 percent month-on-month. U.S. consumer confidence is set for release at 10 a.m. EST, with expectations for the key index to increase to 68 from 64.5.
  • Closing out the day are relatively early announcements in Asia, which can still impact after-hours trading in the U.S. At 4:00 p.m. EST South Korean consumer prices will be reported, with estimates calling for a 0.6 percent increase in January. HSBC Manufacturer PMI follows later in the day; economists will be looking for an increase from last month's 46.4 reading.

U.S. corporates reporting quarterly results on Tuesday include names like Exxon Mobil, Amazon.com and Pfizer. Below, a roundup of tomorrow's big announcers.

McGraw-Hill (MHP): $0.56
Eli Lilly & Co (LLY): $0.81
Archer-Daniels-Midland (ADM): $0.76
L-3 Communications (LLL): $2.41
CIT Group (CIT): $0.04
Exxon Mobil (XOM): $1.98
Entergy (ETR): $0.89
Mattel (MAT): $1.00
United Parcel Service (UPS): $1.25
Boston Properties (BXP): $1.19
Dolby Laboratories (DLB): $0.69
Amazon.com (AMZN): $0.16
Aflac (AFL): $1.51
Broadcom (BRCM): $0.65
Valero Energy (VLO): -$0.11
Pfizer (PFE): $0.47
United States Steel (X): -$0.85

Consensus estimates provided by Bloomberg. 

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WATCH: Novak Djokovic Celebrates His Australian Open Title By Ripping Off His Shirt


Superman, Brandi Chastain, Hulk Hogan, and now Novak Djokovic.

Djokovic beat Rafael Nadal in a grueling five-set match to capture his fifth Grand Slam title, and third at the Australian Open. And after clinching the title and doing the customary lay-on-the-court-and-scream tennis celebration, Djokovic took it a step further.

He channeled his inner Hulk Hogan and made mincemeat of his shirt. Sorta. Well, it started to rip, and then he kinda cheated.

Here is the video...

 

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RBS CEO Turns Down His $1.5 Million Bonus Amid Outrage From Almost Everyone In The UK


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LONDON (AP) — Royal Bank of Scotland chief executive Stephen Hester will not be accepting a 1 million pound ($1.5 million) bonus that drew criticism from British public and politicians, the bank said Sunday.

Spokesman David Gaffney said Hester would not receive the bonus of 3.6 million shares he was awarded last week by the board of the largely state-owned bank.

The British government spent 45 billion pounds bailing out RBS three years ago. It still owns an 82 percent stake, and politicians had criticized the reward at a time when Britons face painful spending cuts and tax hikes.

The government — which has insisted it has no control over the bank's bonuses — welcomed the announcement.

"This is a sensible and welcome decision that enables Stephen Hester to focus on the very important job he has got to do, namely to get back billions of pounds of taxpayers' money that was put into RBS," Treasury chief George Osborne said.

The decision follows Saturday's announcement that RBS chairman Philip Hampton was waiving his own bonus of 1.4 million pounds in shares.

Hester and Hampton were brought in after Fred Goodwin, who led RBS's ill-fated takeover of Dutch bank ABN Amro, stepped down in October 2008 as the government was spending billions to prop up the bank.

The board of directors decided last week to award Hester a bonus of 3.6 million shares — worth just under 1 million pounds at Friday's closing share price of 27.74 pence. That came on top of his annual salary of 1.2 million pounds.

Prime Minister David Cameron said Saturday that Hester's bonus was "a matter for him," but pointed out it was much less than last year's.

The government claimed it had no control over bonuses awarded by the bank, and said replacing Hester if he resigned would be more costly than paying the reward.

But many politicians were critical. London Mayor Boris Johnson, a Conservative like Cameron, said he found the bonus "absolutely bewildering."

Rachel Reeves, Treasury spokeswoman for the opposition Labour Party, said Sunday the sum was inappropriate "when families are feeling the pinch."

"It's time the government explained why they have allowed these bonuses to go through unchallenged," she said.

Before the bank's announcement, the Labour Party said it would force a vote in the House of Commons next month calling for Hester to be stripped of his bonus.

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People Across China Are Preparing For The Apocalypse Based On A Hollywood Film


2012 movie

The preparations for Dec. 21, 2012—the day the world is supposed to end according to ancient Mayan predictions—are well underway in China.  

According to Laurie Burkitt of The Wall Street Journal, people across the nation are getting ready for the coming Armageddon by reserving tickets on a modern version of Noah's Ark.  

The escape from Earth is based off the movie "2012," a 2009 science fiction disaster film in which international leaders build an ark—in China—to save humanity from a cataclysmic ending. 

The WSJ says "Have you bought your ticket for the boat?" has become a common question around the country and comment threads pronouncing the end of the world have been flooding Sina Weibo, China's version of Twitter.  

Noah's Ark tickets, which can purchased on China's online shopping website, Taobao.com, have even become popular birthday gifts and souvenirs, according to Jacky Huang of ChinaHush. VIP tickets cost five yuan (about $.80). 

Don't Miss: 7 Reasons The World Will Not End In 2012 >

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Become Debt Free Why You Should Change Your Lifestyle

Because of widespread advertising, it’s unfortunate that we are continually barraged with the idea that debt is not such a bad thing. To purchase what you want, you just swipe your credit card. With revolving credit and multiple cards, almost anything you want to purchase seems within reach. Consequently, debt can add intense stress to [...]

Source: http://www.legaldebthelponline.com/2012/01/28/become-debt-free-why-you-should-change-your-lifestyle/

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More Than Money

By Amy Hammond Hagberg
Originally published in the December 2011 edition of
Living With Teenagers magazine, © 2011, LifeWay Press®. Reprinted with permission.

When financial guru Dave Ramsey found out his 15-year-old daughter, Rachel, had bounced three checks, he didn?t yell or get angry. Instead, he told her in a calm voice that the following day she was to go down to the bank and apologize.

As her mom waited in the parking lot, Rachel walked through the big glass doors of the bank, down the long hallway to the branch manager?s office, and knocked sheepishly on the door. She was scared.

?What can I do for you, Miss Ramsey?? the bank manager said with a quick smile.

?Well, I?m here to apologize to you for lying.?

?Excuse me?? he said.

?I told you I had money in your bank to spend, and I didn?t. That?s a lie and I?m sorry.?

He started laughing. ?Did your father tell you to come down here and say that to me??

Rachel learned an important lesson that day and hasn?t bounced a check since. She also learned that owning up to mistakes can have unexpected payoffs?after her apology, the bank manager waived her overdraft fees.

The House that Ramsey Built

Dave Ramsey is one of America?s foremost experts on personal money-management. Starting from nothing, he had a net worth of more than $1 million and was making $250,000 a year by the time he was 26.

He also had a lot of debt. After fighting it for more than two years, he and his wife lost everything. He went on a quest to find out how money really works and slowly worked his way out of the red. In 1992, he formed The Lampo Group to counsel people hurting from the results of financial stress.

Since then it?s been an impressive rise to fame. His New York Times best-selling books?Financial Peace, More Than Enough, and The Total Money Makeover?have sold more than 6 million copies combined. His latest book, EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches, released in September. His nationally syndicated radio show is heard by 4.5 million listeners each week on more than 500 radio stations.

He is also the founder of Financial Peace University, a 13-week program that helps people dump debt, get control of their money, and learn new behaviors that are founded on commitment and accountability. More than 1.5 million people have attended FPU classes.

Growing Up Ramsey

The Ramseys? growing financial statement didn?t change the way they raised their children. In fact, Rachel didn?t really know that her father was successful until strangers started recognizing him when she was in her mid-teens.

?Our lifestyle didn?t change much,? she said. ?We went on nice vacations and things like that, but nothing extreme ever happened. It wasn?t like one day Dad suddenly said, ?We?re going to buy whatever we want.? I don?t want to say they were frugal. They enjoyed their money, but they were not lavish or very showy.?

Early on, Dave and Sharon Ramsey taught Rachel and her siblings the importance of saving, spending, and giving, along with how the decisions they make with their money reflect their values.

?My parents worked hard for the money they earned and they wanted us to make that connection,? she says. ?So we worked and had a commission as kids. We never were given an allowance.

"You work, you get paid. You don?t work, you don?t get paid. Like in the real world. We learned that when we were 5 years old.?

Saving was a top priority. Despite their father?s success, turning 16 in the Ramsey house didn?t mean getting the keys to a new car and a full tank of gas.

?Mom and Dad told us growing up that they weren?t going to pay for our cars when we turn 16. They would pay for half of them and would match whatever we had saved. We had a goal for saving, and we learned how to spend money wisely.?

Rachel worked hard and was able to save $8,000 by the time she was 16. When her parents matched her cache, she was able to purchase a $16,000 car?not bad for a high school student.

Since her parents refused to be an ?ATM,? Rachel learned fiscal responsibility was by managing her own checkbook. When they turned 15, each Ramsey kid opened a checking account. Each month, their parents deposited the money they would normally spend on the kids? food, entertainment, clothes, gas money, and any other expenses. Then, they put the kids in charge of managing those funds with a checkbook and debit card.

The Ramseys also stressed the importance of giving. ?Even when my parents didn?t have a lot, they were always helping others. I?ve learned through my parents how great blessing others can be.?

Rachel?s Personal Mission

After graduating from The University of Tennessee in 2010 with a B.A. in communication studies, Rachel joined Dave?s team full time. Today she?s passing on her father?s financial principles to her generation at high schools, colleges, and youth conferences. Get more information.

?I feel very strongly about reaching my peers with this message,? she says. ?I can use the platform my dad has built to reach even more teenagers and young adults.?

Young people often make bad financial decisions that affect the rest of their lives. One of the biggest mistakes is getting caught up in the trap of credit cards.

?If you can?t afford it, you don?t need to buy it,? Rachel shares. ?Save and pay for everything with cash. Use a debit card. Your debit card works just as well as a credit card, but you actually have money in the bank.?

In Rachel?s view, student loans, which can lead to as much as $26,000 in debt, are also a bad idea. Instead, she recommends using a pay-as-you-go strategy.

?If the average college student works 20 hours a week, they can pay their way going through a state school,? she explains. ?The financial aid office will work with them so they can cash flow their way through a semester.?

A private school can cost five times as much as a state school, so Rachel tells students that if they can?t afford to go to a private school and pay cash, go to a state school or community college.

?It?s an amazing thing when you can graduate from college completely debt free, not owing anyone anything.?

Debt-Free Matrimony

In 2009, Rachel married Winston Cruze. Before they walked down the aisle, they went through Financial Peace University together and made sure they were on the same page when it came to money.

?Even though I grew up learning how to handle money, I had never had to share the responsibility with anyone else,? she points out. ?Now Winston and I sit down each month and have our budget meeting. We lay out a plan for our money and agree to stick to it. Working together when it comes to finances has allowed our marriage to be strong from the beginning and focus on good times rather than fighting about money.?

?It?s hard for me to stick to it,? she admits. ?I?m the spender. Winston is a saver. There needs to be some balance in your marriage to get the budget to balance and to work.?

The Graduate Survival Guide

There are so many questions when you go to college. On campus or off? Used books or new? Find a roommate or live by yourself? Do you sign up for that credit card to get a free meal or is that a scam?

The Graduate?s Survival Guide is a resource guide for incoming college students to find the answers they need about college life. It covers everything from meal plans to scheduling classes to housing options. You don?t have to read it cover to cover or watch the entire DVD. You can flip it through to easily find the information you are looking for.

AMY HAMMOND HAGBERG is a veteran writer, speaker, and radio host. She recently co-authored (with David Parnell) Facing the Dragon: How a Desperate Act Pulled One Addict Out of Methamphetamine Hell (Health Communications, 2010). Amy lives with her family in Buffalo, Minnesota.

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Source: http://www.daveramsey.com/article/more-than-money/lifeandmoney_kidsandmoney

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