StreetInsider.com's News You Should Know:
1. Stocks Lower Following Weak Results From 10-Yr Auction
Stocks are lower this afternoon after results of a 10-year U.S. Treasury auction was weaker than expected. The yield on the auction was 3.99%, which is a new high for the year. A similar auction yielded 3.19% on 5/6/09 and 2.95% on 4/9/09.CONTINUE READING>>>>
2. John Paulson Invests $100M In CB Richard Ellis (CBG)
CB Richard Ellis Group, Inc. (NYSE: CBG) reached an agreement to sell in a direct placement 13,440,860 shares of its Class A common stock for gross proceeds of approximately $100.0 million, to Paulson & Co. Inc. on behalf of several of its investment funds and accounts it manages.CONTINUE READING>>>>
3. WHO to Hold Meeting of Pandemic Emergency Committee on Thursday as Swine Flu is Dangerously Close to 'Phase 6'
The World Health Organization is expected to hold a meeting of the National Pandemic Emergency Committee on Thursday of this week as worldwide concerns related to the H1N1 virus (commonly referred to as swine flu) still remain more than one month after the first cases were reported. According to sources, the rapid spread of swine flu in Australia has prompted WHO to take these emergency measures. CONTINUE READING>>>>
4. 10 Stocks Taking Care of Investors: No. 8 Yum! Brands Inc. (YUM)
These 10 stocks have been rewarding investors with share buybacks, strong dividends, sales/earnings and stock performance and are worthy cornerstones of any portfolio. You can track the entire series here. Number 8: Yum! Brands Inc. (NYSE: YUM )CONTINUE READING>>>>
5. Fed Beige Book - June 10
Reports from the twelve Federal Reserve District Banks indicate that economic conditions remained weak or deteriorated further during the period from mid-April through May. However, five of the Districts noted that the downward trend is showing signs of moderating. Further, contacts from several Districts said that their expectations have improved, though they do not see a substantial increase in economic activity through the end of the year. CONTINUE READING>>>>
6. Trading Radar for 6/11: National Semi (NSM), Del Monte (DLM), UTStarcom (UTSI), lululemon (LULU), Global Crossing (GLBC) Report; Retail Sales, Initial Claims, Business Inventories Due
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session : CONTINUE READING>>>>
7. Crude Oil Trades Over $71 as Bullish Inventory Data Surprises
Following yesterday's close above $70 for the first time since November, the price for a barrel of crude oil is up once again today, this time crossing over the $71 level. CONTINUE READING>>>>
8. Senator Peter Schiff?
On Jon Stewart's Daily Show last night Peter Schiff, who correctly predicted the crash in real estate and other assets, suggested that he may run for the Senate in his home state of Connecticut. If he was to run, Schiff would take on incumbent Chris Dodd. Schiff joked that taking on Dodd would be the easiest part, saying Dodd has spent his lifetime in the Senate and thinks he's in the House of Lords. CONTINUE READING>>>>
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