Euro Strengthens to Two-Month High as Greece Signals Confidence in Bailout

The euro rose to two-month highs versus the dollar and yen after a Greek government official signaled confidence the currency bloc’s finance ministers will approve a second financing accord for the debt-strapped nation.

The common currency extended its gain against the yen to a third day after Greek politicians debated budget cuts needed to secure the bailout with a dispute remaining over pension cuts. The European Central Bank meets today to set monetary policy. The Dollar Index (DXY) touched the lowest in two months as Asian stocks erased drops, sapping demand for a haven.

“The market thinks they’ll patch together some sort of deal,” said Tim Kelleher, head of institutional foreign- exchange sales in Auckland at ASB Institutional, a unit of Commonwealth Bank of Australia, referring to Greece. “The market still appears to be very short euros as a speculative position, so that’s one of the reasons why it’s not going down.” A short position is a bet a currency will depreciate.

Read more http://www.bloomberg.com/news/2012-02-08/euro-declines-as-greek-leaders-fail-to-agree-on-pension-cuts-for-bailout.html

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Cisco sees profits rise over 43%

by Source of Article on February 9, 2012

Cisco signCisco shares rose in after-hours trading

Technology giant Cisco, saw a 43.5% rise in net profits to $2.2bn (£1.3bn) for the three months to 28 January 2012, compared with the same period in 2011.

Cisco’s results come after a prolonged period of cost-cutting, which saw the firm shed more than 6,000 jobs in 2011.

Cisco increased its dividend by two cents to eight cents per share.

Shares in the firm rose 2.4% in after-hours trading to $20.93, as the results beat analyst expectations.

“Broadly speaking, people expected a good quarter. This is probably a little better than expected and the dividend is an added surprise,” said Joanna Makris at Mizuho Securities.

“We are executing well on our three-year plan to drive earnings faster than revenue,” said Cisco chief executive John Chambers.

“Our operational focus continues to yield positive results, we hit our billion dollar expense reduction a quarter early, and our ongoing innovation enables our customers to solve their critical business needs.”

Article source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-16929306

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Chinese Stocks Heat Up

by Source of Article on February 9, 2012

Zacks highlights commentary from People and Picks Member
«inthemoneystocks».

For more Voice of the People, visit

http://at.zacks.com/?id=7872

Featured Post

Chinese Stocks Heat Up

Chinese stocks are flourishing today after the Shanghai Index
jumped to 2347.53, +57.04 (+2.43%). This pop set the China solar
stocks on fire with
Trina Solar Limited (ADR)

(
TSL

) trading at $9.00, +0.80 (+9.76%). Others like
JA Solar Holdings Co., Ltd. (ADR)

(
JASO

) and
Suntech Power Holdings Co., Ltd. (ADR)

(
STP

) are also having a big day.

Some Chinese small caps are still at or near their 52 week lows
despite the market rally in January 2012. These are catching fire.
Sino Clean Energy Inc.

(
SCEI

) is surging today, trading at $1.44, +0.09 (+6.67%).

The key is to look for Chinese stocks that are still trading at
or near their chart lows. These may be the next explosive movers.
There are not many stocks that are still cheap in this market, and
speculative money is searching for the next big mover. Any small
cap trading near its lows is a candidate, especially Chinese
plays.

Gareth Soloway

InTheMoneyStocks.com

 

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Len knew he could find patterns in stock market data that would
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the Pros by going to

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.

 

JA SOLAR HOLDGS (
JASO

): Free Stock Analysis Report

 

SUNTECH PWR HLD (
STP

): Free Stock Analysis Report

 

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TSL

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Article source: http://articlefeeds.nasdaq.com/~r/nasdaq/categories/~3/7kKNWAocB1E/chinese-stocks-heat-up-voice-of-the-people.aspx

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China sees persistent inflation, spoiling stimulus hopes

by Source of Article on February 9, 2012

Brought to you by eLearners.com

Article source: http://articlefeeds.nasdaq.com/~r/nasdaq/categories/~3/FN9AvZXO48w/china-sees-persistent-inflation-spoiling-stimulus-hopes.aspx

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Apple seeks revised patent rules

by Source of Article on February 8, 2012

Steve JobsThe late Steve Jobs reportedly said he wanted to “destroy” Android for “copying” his firm’s ideas

Apple has asked for more clarity over how patents deemed crucial to industry standards should be handled.

The firm wrote a letter to the European Telecommunications Standards Institute (ETSI) in November, which has now been reported by the Wall Street Journal.

The iPhone maker called for “more consistent and transparent” application of rules designed to ensure that such intellectual properties were licensed.

Both Samsung and Motorola Mobility have sued Apple over “essential” patents.

The document has since been published in full on the Foss Patents blog.

It centres on what are termed Frand principles – an agreement to license technologies critical to a recognised standard, such as 3G networks or MP3 files, under fair, reasonable and non-discriminatory terms.

Companies that sign up to the rules agree that they cannot discriminate who gets to use their invention so long as they are paid a fee, which cannot be excessive.

Three-step plan

Apple notes that it committed itself to the agreement in 2007 – although it has launched numerous lawsuits concerning its rivals’ alleged infringements of its non-Frand innovations.

The company’s request lists three specific points:

  • Parties should only be able to claim an “appropriate royalty rate”, both at the start and end of negotiations.
  • There should be a “common royalty base” – in other words, the patent’s value should be determined as a percentage of the cost of the relevant components rather than the device as a whole.
  • Patent owners should commit to a “no injunction” policy under which they do not seek to block the sale or shipments of rivals’ equipment on the basis of a Frand-patent dispute.

“Apple is committed to this framework, provided that other parties reciprocate,” said Bruce Watrous, the firm’s chief intellectual property counsel.

Foss Patents’ author, consultant Florian Mueller, links the letter to 9 To 5 Mac’s revelation last September that Samsung had sought 2.4% of Apple’s sales prices for each of a series of 3G-related Frand-type patents that it contested last year. The case was rejected by a Dutch court.

The European Commission has subsequently notified Samsung that it is investigating whether the firm had used its rights to “distort competition in European mobile device markets”.

Blame game

Mr Mueller also notes that Motorola Mobility sought 2.25% of Apple 3G-enabled iPhone and iPad sale prices when Apple sought to license the Razr phonemaker’ s GPRS-related Frand-innovations.

Apple had to briefly remove several of its devices from its German online store last week because of the dispute with Motorola.

However, one patent lawyer suggested that Apple was not blameless in the spate of recent lawsuits.

“Steve Jobs effectively declared war on Samsung and Android – so the litigation has been emotionally charged,” said Ilya Kazi from the UK’s Chartered Institute of Patent Attorneys.

“It is fair to say that most manufacturers are in favour of Frand-type agreements – at least when they are on the receiving end of a lawsuit.

“The issue is whether this letter has a great deal of legal significance. Frand is a great principle but there is also the underlying principle of letting patent holders enforce their rights.”

Article source: http://www.bbc.co.uk/go/rss/int/news/-/news/technology-16948544

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