ReutersASIA markets and ECONOMIES
China banks again face pressure to lift capital
Publicly listed commercial banks are now rushing to refinance. Will holders push back? (Caixin Online)
• China think-tank tips first-half inflation at 5.3%
• China government-loan audits differ (Caixin)
• Japan’s debt crisis moves in slow motion
• Australia's McKibbin: World must tighten policy
• China's 'A-shares' fall broadly in first half
• BYD rallies in Shenzhen debut
• Hyundai Motor zooms ahead (WSJ.com)
IPO action
picks up in Q2
The second quarter was another hot time for initial offerings: firms raised more than double the year-earlier amount
• Zynga expectations give boost to EA shares
• Who wins in Zynga IPO? Clique of rich guys
Greece's passage of austerity plan helps boost Europe markets. Lloyds
leads financials higher.
• Greece passes $112 billion austerity plan
• Lloyds cutting 15,000 jobs, plans to save $2.4B
• Callebaut revenue up 1.6%, volume up 7.3%
• Birmingham soccer owner arrested: reports
• Dollar slips vs. euro | Headwinds for AUD
• Oil futures gain as dollar weakens
Media
Journalistic mashup
British journalist Johann Hari has won a number of plaudits. But a key member of the blogosphere caught him in a fib and he's less than fully apologetic, MarketWatch's Kim Hjelmgaard reports.
U.S.
Obama challenges Republicans on tax hikes
Tax breaks for the wealthy, energy firms and others should be scrapped shrink deficit, president says.
• Obama on civil rights for same-sex couples
• Court rules in favor of Obama health reform
• S&P 500 tops 1,300 | Stocks to watch
• Airlines rev up demand for aircraft services
• Goldman Sachs to cut 230 New York City jobs
• Pending home sales gain 8.2% in May
• Banks abandon reverse-mortgage business
• Execs more guarded about outlook: survey
TODAY'S TOP
INVESTING IDEAS
Four stocks for Japan's recovery
In the near term, pessimism over Japan may be overdone, and there are growth opportunities, says Jeff Reeves.
• Some gold bugs say storm has passed
• Powell: Banks ditch reverse-mortgages
• Jaffe: ETF warning is meaningless
• Greece passes $112 billion austerity plan
• Lloyds cutting 15,000 jobs, plans to save $2.4B
• Callebaut revenue up 1.6%, volume up 7.3%
• Birmingham soccer owner arrested: reports
• Dollar slips vs. euro | Headwinds for AUD
• Oil futures gain as dollar weakens
Media
Journalistic mashup
British journalist Johann Hari has won a number of plaudits. But a key member of the blogosphere caught him in a fib and he's less than fully apologetic, MarketWatch's Kim Hjelmgaard reports.
U.S.
Obama challenges Republicans on tax hikes
Tax breaks for the wealthy, energy firms and others should be scrapped shrink deficit, president says.
• Obama on civil rights for same-sex couples
• Court rules in favor of Obama health reform
• S&P 500 tops 1,300 | Stocks to watch
• Airlines rev up demand for aircraft services
• Goldman Sachs to cut 230 New York City jobs
• Pending home sales gain 8.2% in May
• Banks abandon reverse-mortgage business
• Execs more guarded about outlook: survey
Four stocks for Japan's recovery
In the near term, pessimism over Japan may be overdone, and there are growth opportunities, says Jeff Reeves.
• Some gold bugs say storm has passed
• Powell: Banks ditch reverse-mortgages
• Jaffe: ETF warning is meaningless
Latest News
-
/news/latest
German DAX 30 index up 0.3% at 7,313.27
French CAC 40 index up 0.4% at 3,941.01
U.K. FTSE 100 index up 0.3% at 5,875.16
Stoxx Europe 600 index up 0.2% to 270.23
S&P/ASX 200 index closes up 1.7% at 4,608.00
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Commentary »
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Best to stay away from HomeAway?
5:04 p.m. June 29, 2011
Youku.com shares on a rollercoaster, but that's no surprise
4:40 p.m. June 29, 2011
Ca-ching: That's the sound of Visa shares
3:45 p.m. June 29, 2011
Stocks tick higher; Oil settles up 2%
3:13 p.m. June 29, 2011
Inside MarketWatch »
europe Markets and Corporate
Greece asked to do more
European Central Bank council member Nowotny sees requirements beyond austerity plan.
• U.K. government backs News Corp BskyB deal
• Debenhams half-to-date comparable sales up
• John Wood: trading in line with expectations
• Barry Callebaut revenue, volume up
Myspace sold, Justin Timberlake joins in
News Corp. will retain a small stake in social-media site after fire sale to ad-targeting company. Also, recording artist and actor Justin Timberlake (left) will reportedly have a role in the firm.
• How to win friends and influence on Twitter
• China's Twitter, Sina Weibo, hit by virus
• Bill Mann: Social media and the Vancouver riots
• Oracle expert $2.6 billion in damages by Google
• FTC to Senate: Time for online do-not-track law
health care
FDA votes down Avastin
An advisory panel for the regulator decides to pull approval for Genentech drug to treat breast cancer.
• Roche wins broader Avastin EU label
Financials
• Debit swipe-fee rules not as strict as expected
• Visa, MasterCard soar on debit-card rule
• EBay shares rise on news of debit-card ruling
• New rules for swaps: Disclose material info
• B. of A. sets aside extra $5.5 billion
deals, on and off
London, TMX call it off
London exchange ends M&A agreement with TMX Group on lack of shareholder support. (WSJ.com)
• BJ’s Wholesale going private
• BJ's bought for $2.8 billion
Personal Finance »
Taxwatch
Is your child a tax cheat?
If relatives overseas have opened accounts in your child's name, you may be required to report that money on your child's U.S. tax return.
REAL ESTATE
How to keep your home cool — and your bills under control
It’s expected to be a scorcher of a summer in some parts of the country. But, Amy Hoak reports, that doesn’t have to mean exorbitant power bills.
• School in Washington, D.C. is now home
TRAVEL
Air travel's July 4 pickup
Fireworks won’t be the only things in flight this Independence Day — the public is taking to the air.
• Airlines are yukking it up at 30,000 feet
• Not all fees irritate, just the baggage one
Video »
Nook vs. Kindle: The beach test
The iPad is great for many things, but its screen
is difficult to read in the sun. Katie Boehret tests both the Kindle and the Nook and gives digits her report on which one fared better at the shore.
• E-readers selling faster than tablets
How Federer fell at Wimbledon
Roger Federer had been 178-0 when holding a two-set lead in a Grand Slam tournament. But six-time Wimbledon champion was eliminated.
HomeAway hits home run
Vacation-rental-services company's jump from
IPO price. Find out how travel companies are
giving the company some competition.
Slowdown in corporate India
Indian firms face a slowdown in capital raising due to high cost of debt and a volatile domestic market.
• Asia Today: Concerns over China's railways
Investors get Facebook fever
Tiny GSV Capital made what seemed a modest investment Monday: plunking down $6.6 million to purchase private shares in Facebook. Response from investors was anything but subdued.
• Why Wall Street has a thing for LinkedIn
• Microsoft brings Office to the cloud
Meredith Whitney says beware
Analyst Meredith Whitney predicts a dire summer for the muni market come July 1. Here's why Whitney's very specific claims could backfire.
• Whitney's gone Harold Camping (First Take)
MarketWatch Radio »
Sansoterra: We've heard
all the bad stuff already
All of the bad news is already out — on European debt, housing, unemployment and inflation —
says portfolio manager at RidgeWorth.
Pension-plan planning
Jennifer Kushinka finds even workers with pension plans in need of some management guidance.
2011 BMW 135i
It’s a tough decision between BMW’s legendary 3-series cars and the smaller models in the newer 1-series, but Ron Amadon explains why he’d buy a 135i.
• Prius gets a slightly bigger brother (WSJ.com)
It’s a tough decision between BMW’s legendary 3-series cars and the smaller models in the newer 1-series, but Ron Amadon explains why he’d buy a 135i.
• Prius gets a slightly bigger brother (WSJ.com)
Rebuilding Japan »
Chris Noble/MarketWatch
Stricken Japan town faces recovery frustration
Reconstruction moves at an uneven pace in the Japanese beach town of Shichigahama as survivors pick up the pieces and await details on funding for the government’s reconstruction plan.
• Slide show: Scenes from Japan’s disaster zone
Reconstruction moves at an uneven pace in the Japanese beach town of Shichigahama as survivors pick up the pieces and await details on funding for the government’s reconstruction plan.
• Slide show: Scenes from Japan’s disaster zone
Taxes »
Gas prices prompt IRS to hike mileage rates
The IRS makes unusual midyear change to deductible-mileage rate.
• Some tax cheats work at the IRS
• Avoid a nasty tax surprise on 401(k) loans | What to do if you owe
• Get a tax break on your next vacation | 2011 Tax Guide
• 7 ways to persuade IRS you're right | Tax changes to watch for
• Tax credits you don't want to miss | Deductions with big payouts
The IRS makes unusual midyear change to deductible-mileage rate.
• Some tax cheats work at the IRS
• Avoid a nasty tax surprise on 401(k) loans | What to do if you owe
• Get a tax break on your next vacation | 2011 Tax Guide
• 7 ways to persuade IRS you're right | Tax changes to watch for
• Tax credits you don't want to miss | Deductions with big payouts
Retirement »
10 fees that can wreck your retirement
Don't let these fees eat up your savings, writes Robert Powell.
• Many of us won't retire until our 80s | Target-date tactics change
• Curing Medicare's ills, and yours | Don't let fear ruin retirement
• How to protect your 401(k) when you leave your job
• 401(k)s grow but savers worry | In the public sector? Save more
• The Future of Retirement: Special Report | Boost after-tax income
Don't let these fees eat up your savings, writes Robert Powell.
• Many of us won't retire until our 80s | Target-date tactics change
• Curing Medicare's ills, and yours | Don't let fear ruin retirement
• How to protect your 401(k) when you leave your job
• 401(k)s grow but savers worry | In the public sector? Save more
• The Future of Retirement: Special Report | Boost after-tax income
Jobs »
Dads, don't sacrifice family for work
Fathers may take advantage of workplace flexibility policies, but they tend to keep quiet about it. Some say they should speak up.
• Your well-paid, middle-class job is in danger
• Top 10 cities in the U.S. to find a job: Monster
• More pay tied to performance | Burned out at work? Tips to cope
• Freelancers face unique challenges | Class of '11: Take a job
Fathers may take advantage of workplace flexibility policies, but they tend to keep quiet about it. Some say they should speak up.
• Your well-paid, middle-class job is in danger
• Top 10 cities in the U.S. to find a job: Monster
• More pay tied to performance | Burned out at work? Tips to cope
• Freelancers face unique challenges | Class of '11: Take a job
The 10 most affordable home markets
Niagara Falls, N.Y., has the lowest-cost housing in the U.S., a realty company survey finds. Where else can you find big bargains?
• Most expensive cities | Affordable, expensive markets
Niagara Falls, N.Y., has the lowest-cost housing in the U.S., a realty company survey finds. Where else can you find big bargains?
• Most expensive cities | Affordable, expensive markets
Food and Wine — and China »
California's grape expectations
A coalition of 22 boutique wineries is trying new approaches, including a wine bar in Hong Kong, to gain share in a Chinese market traditionally dominated by high-end French vintages.
• Swiss chocolate makers target China, home of the salty snack
• Wine Watch by Matt Andrejczak | MarketWatch Topics: Wines
A coalition of 22 boutique wineries is trying new approaches, including a wine bar in Hong Kong, to gain share in a Chinese market traditionally dominated by high-end French vintages.
• Swiss chocolate makers target China, home of the salty snack
• Wine Watch by Matt Andrejczak | MarketWatch Topics: Wines
Personal Finance »
If your airfare drops, you may get a refund
If you booked your summer trip a few months ago and prices have since dropped, your airline may pay you the difference.
If you booked your summer trip a few months ago and prices have since dropped, your airline may pay you the difference.
Tips to avoid check fraud
In the age of computer hackers, a low-tech scam still thrives: check fraud. If you are job hunting or buying stuff online, you may be at risk.
• Citi's credit-card breach won't be the last
• Preying on inflation fears
|
Men likelier to be fraud victims
• Why you shouldn't retire
|
Four Medicare myths
• Best places to stash cash
|
Credit cards safer than debit
In the age of computer hackers, a low-tech scam still thrives: check fraud. If you are job hunting or buying stuff online, you may be at risk.
• Citi's credit-card breach won't be the last
• Preying on inflation fears
|
Men likelier to be fraud victims
• Why you shouldn't retire
|
Four Medicare myths
• Best places to stash cash
|
Credit cards safer than debit
Drilling away at dental costs
Whether you have a skimpy dental-insurance plan or are uninsured, there are a growing number of options to save costs on dental care.
Whether you have a skimpy dental-insurance plan or are uninsured, there are a growing number of options to save costs on dental care.
How to grill like a Top Chef
Famed chef Rick Bayless offers grilling tips, and a tour of the outdoor kitchen in the back yard of his Chicago home.
• Buying a home? There are apps for that
• Kitchen designs that make home cooking fun
• Dream kitchen on a budget
|
Home fix-up that pays
• Homes that help you take aging in stride
Famed chef Rick Bayless offers grilling tips, and a tour of the outdoor kitchen in the back yard of his Chicago home.
• Buying a home? There are apps for that
• Kitchen designs that make home cooking fun
• Dream kitchen on a budget
|
Home fix-up that pays
• Homes that help you take aging in stride
Peter Brimelow
Wall Street Irregulars