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Despite the increased productivity, output fell at a 1.5 percent rate in the second quarter, the department said, unchanged from its previous estimate, as over 6 million jobs have been cut since the recession began in December 2007.
Hours worked fell at a 7.6 percent rate in the April-June period from the first quarter, unchanged from last month's estimates. Unit labor costs, a gauge of inflation and profit pressures closely watched by the Federal Reserve, fell 5.9 percent, the biggest decline in nine years.
HONG KONG, Aug 31 (Reuters) - Hong Kong shares are seen hovering on Monday and are expected to stay directionless for most of this week amid persistent worries about the shrinking flow of liquidity into mainland stocks.
The top five executives at 10 financial institutions that took some of the biggest taxpayer bailouts have seen a combined increase in the value of their stock options of nearly $90 million, the report by the Washington-based Institute for Policy Studies said.
"Not only are these executives not hurting very much from the crisis, but they might get big windfalls because of the surge in the value of some of their shares," said Sarah Anderson, lead author of the report, "America's Bailout Barons," the 16th in an annual series on executive excess.
Originally posted by marg6043
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Well I know what I will be doing this weekend, I am going to the mountains for a retrieve with my husband.
While my daughter will be hitting the beach for 4 days ( lucky her) and my son no so lucky have to work the weekend.
From Reuters: A massive rally in U.S. stocks since March has reawakened bullish spirits, but insiders are jumping out of the market in a sign the run up is getting stretched. Company executives are selling stock at a rate not seen in two years after a near 50 percent rise in the S&P 500 from a March 9 low. That suggests directors and managers may think stock prices are nearing the top end of their range in the current economic climate.
Originally posted by lucentenigma
From Reuters: A massive rally in U.S. stocks since March has reawakened bullish spirits, but insiders are jumping out of the market in a sign the run up is getting stretched. Company executives are selling stock at a rate not seen in two years after a near 50 percent rise in the S&P 500 from a March 9 low. That suggests directors and managers may think stock prices are nearing the top end of their range in the current economic climate.
Full Article
Anyone know of any good sites that show a compilation of insider trades?
It's a pain having to search individual stocks.
Bailed-Out Banks' Executives Set to Cash In Again
Top executives of bailed-out banks, who were awarded stock options as the sector bottomed out earlier this year, are set to pocket millions of dollars in profits as prices rebound, according to a report released on Wednesday.
Originally posted by Hx3_1963
UPDATE 1-Beijing's derivative default stance rattles banks
www.reuters.com...
Monday, August 31, 2009
China to renege on commodity contracts
A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among investment bankers on Monday as they feared it may set a damaging precedent.
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While the details of the report could not be confirmed, it was Monday's hot topic in financial circles from Shanghai to Singapore as commodity marketers feared that companies holding underwater price hedges could simply renege on the deals, costing banks millions of dollars in profit.
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Head of Chinese government owned businesses sends letter to SIX FOREIGN BANKS stating that derivatives contracts will not be honored due to fraud.
This opens a 700 trillion dollar abyss.
Originally posted by TrainDispatcher
If the unemployment data are better-than-expected, both the DJIA and the S&P 500 should see a rise in value as traders react to positive news. Conversely, if the unemployment data are worse-than-expected, the DJIA and the S&P 500 will most likely fall.
Rest of the article HERE