Shaw Capital Management World Financial News: Treasury 30-Year Bonds Decline After Fed Vows to Keep Interest Rates Low

http://world.shawcapitalmanagementfinancialnews.com/


http://www.bloomberg.com/news/2011-08-10/treasury-30-year-bonds-decline-after-fed-vows-to-keep-interest-rates-low.html
By Wes Goodman – Aug 9, 2011 5:47 PM PT
Treasury 30-year bonds fell, snapping a two-day rally, on speculation the Federal Reserve’s pledge to keep interest rates at a record low will lead to faster inflation over the life of the securities.
Shorter maturities, which are more sensitive to what the central bank does with its target for overnight loans between banks, were little changed. The Treasury is scheduled to sell $24 billion of 10-year notes today and $16 billion of 30-year debt tomorrow.
“The Fed committed to keeping rates low,” said Tomohisa Fujiki, a bond strategist at BNP Paribas Securities Japan Ltd. in Tokyo. “Shorter maturities should be well-supported. With any pickup in economic sentiment, longer maturities will be vulnerable to higher inflation.”
Thirty-year yields climbed three basis points to 3.64 percent as of 9:40 a.m. in Tokyo, according to Bloomberg Bond Trader prices. The 4.375 percent security maturing in May 2041 fell 1/2, or $5 per $1,000 face amount, to 113 6/32. Ten-year notes yielded 2.24 percent.
Japan’s 10-year bond yield was little changed at 1.035 percent. The rate dropped to 0.975 percent on Aug. 9, the lowest level this year.

World: Shaw Capital Management Financial News-Oracle says HP committed fraud with Hurd settlement

http://world.shawcapitalmanagementfinancialnews.com/2011/09/09/world-shaw-capital-management-financial-news-oracle-says-hp-committed-fraud-with-hurd-settlement/


http://news.cnet.com/8301-13578_3-20099544-38/oracle-says-hp-committed-fraud-with-hurd-settlement/
By: Josh Lowensohn
In a new court filing, Oracle accused Hewlett-Packard of committing fraud by hiding its plans to hire Leo Apotheker as CEO and Ray Lane as chairman at the time the two companies were working on a settlement agreement to bring former HP CEO Mark Hurd to Oracle.
The complaint, which was filed today in San Jose, Calif., asks a Santa Clara County judge to revoke the settlement the two companies made in September of last year, saying Oracle would have never agreed to it if it had known that HP was “actively concealing material information.”
That information was the planned hire of Apotheker, the former CEO of German software giant SAP, as well as Lane as non-executive chairman.
The filing was reported Bloomberg earlier today.
Following an expense account scandal and an investigation into a sexual harassment claim, Hurd walked away from HP last year with a package reportedly worth up to $40 million. He joined Oracle as co-president in early September of last year and was sued by HP the following day for breach of contract and “threatened misappropriation of trade secrets.” In other words, HP contended that by the nature of Hurd’s work at Oracle, he would invariably leak the company’s trade secrets, which he had promised to protect in a confidentiality agreement with his former employer. Hurd went ahead and took the job anyway.
Today’s cross-complaint goes against a suit HP filed against Oracle in June that said Oracle’s decision to cease development on Intel Itanium server processors was an attempt to “thwart competition from HP and harm its customers.”

NEWS-Shaw Capital Management Financial News: Wall St. Banks Expected to Post Weak 2nd-Quarter Results

http://tabosh.com/shaw-capital-management-financial-news-wall-st-banks-expected-to-post-weak-2nd-quarter-results/

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Shaw Capital Management Financial News: Wall St. Banks Expected to Post Weak 2nd-Quarter Results
Article by Shaw Financial
By ERIC DASHPublished: July 10, 2011Only a few short months ago, JPMorgan Chase traders were on such a roll that they did not have a single losing day in the first quarter.But when the bank reports its second-quarter results this week, that hot streak will have come to an end. Analysts expect JPMorgan to count an almost 20 percent drop in its sales and trading revenues, reflecting a slowdown in investor activity and the dismal performance of its fixed-income and commodities groups.Bank of America, Citigroup, Goldman Sachs and Morgan Stanley are expected to report similar news. After helping prop up Wall Street during the financial crisis, core trading revenue is projected to drop, on average, by as much as 25 percent from the first quarter, according to Credit Suisse research.That will put further pressure on the banks’ growth prospects, which are already strained by stagnant loan growth and more stringent regulation. It is also prompting nearly every major Wall Street firm to contemplate another round of layoffs amid growing concerns that at least part of the weak results are permanent.”We are undoubtedly being impacted by lower levels of activity,” said William Tanona, a financial services analyst with UBS. “There is a lot of uncertainty out there.”Together, the five Wall Street banks are still going to take in more than billion from their core trading operations, largely from business done on behalf of clients. For example, the banks routinely help airlines hedge oil prices or bring together buyers and sellers of stock, bonds and other complex securities — often putting their own money on the line to facilitate a trade. But during the second quarter, the business was particularly hard hit.Trading volumes fell sharply as investors became unnerved by the running debt crisis in Europe, the political standoff over the debt ceiling in the United States, and lingering concerns over the anemic growth of the broader economy. Even when investors did place their bets, they were far more hesitant to take big risks — something known on Wall Street as lacking conviction. That meant the banks missed out on the lucrative fees they can generate by selling more high-octane products, like complex options and derivatives.Fixed-income traders, among the biggest moneymakers for Wall Street, faced a bruising market. In the commodities business, for example, oil, gold and other metals prices had been rising quickly during the early part of the year as investors anticipated high demand for materials to keep the global economy humming. But as cracks in the recovery kept surfacing, prices headed south — and traders raced to the sidelines. That left most Wall Street desks, which had stocked up on inventory to facilitate trades, holding losing positions.At JPMorgan, for instance, energy traders were having a gangbuster year, earning several hundred million dollars for its burgeoning commodities unit. Yet when the market turned in early May, they gave back some of those gains, according to market participants. Morgan Stanley, meanwhile, suffered tens of millions in losses on its interest rate desk when a bet on lower inflation turned against the bank’s position.Mortgage trading did not fare much better. After rallying from highly depressed values for much the last two years, mortgage-backed securities prices fell sharply during the second quarter. The reason? The government started dumping into the market its vast portfolio of mortgage bonds acquired from its rescue of the American International Group, and investors believed the outsize supply would cause values to plummet. (Only recently, when the Federal Reserve Bank of New York announced it was halting auctions of the A.I.G. mortgage bonds, did prices start to stabilize.)Although the banks have slowed the spill of red ink from troubled mortgages and other bad loans, they are struggling to increase revenue in their more traditional banking businesses, too.New financial regulations have chipped away at once-lucrative sources of income, like overdraft charges and credit card penalty fees. Starting this fall, banks are expecting to absorb a multibillion-dollar hit when they are forced to sharply lower the fees they charge each time consumers swipe their debit cards. Higher capital requirements, meanwhile, could further depress profits if some banks are forced to lighten their balance sheets or exit certain businesses altogether.

Shaw Capital Management Feature : Steve Jobs’ Other Legacy: Response to Cancer

http://shawcapitalmanagement-news.com/2011/10/17/shaw-capital-management-feature-steve-jobs%E2%80%99-other-legacy-response-to-cancer/

Apple Inc. co-founder Steve Jobs’ demise recently at age 56 comes after number of health condition struggling which commenced in 2003, a time he had been told of his uncommon kind of pancreatic cancer.

He had been a good developer using more than 300 patents to his name. He became a college dropout. He became a billionaire who used denim jeans for work.

He had been among the world’s amazing persuaders, coaxing hundreds of thousands of individuals to use technologies they’d rarely deemed in the past. He had been the indignant perfectionist. He had been the actual world’s best- regarded corporate chief executive.

Beyond some other firm innovator in our time, Jobs handled our spirits. The desktops, phones, audio players, videos and software which he and the co-workers created at Apple Inc. (AAPL) weren’t simply splendid masterpieces in themselves. These were gateways into a future which held reputable assurance.

No matter if we had been enthusiastic supporters, lining up outdoors meeting places to listen to Jobs talk, or perhaps hesitant turns, mumbling regarding the children’s infatuations with iPods’, we all couldn’t help but become embroiled in the Apple founder’s perspective. The actual tributes flowing in after Jobs’ demise Wednesday speak with this particular remarkable keepsake.

Yet another part of Jobs’ moment on the planet, on the other hand, needs a moment’s manifestation: the way in which he passed away. His pancreatic cancer had been identified in 2003, while Jobs had been 48. The final 8 years of his life was a number of health crises, somewhat recoveries and dashed expectations. It could happen to be simple for him to show bitter, morose or even self-destructive regarding his destiny. But Jobs went up by   to new career altitudes within the remaining years, whilst gracing people using just as much empathy while they had seen. While Apple had been often belittled if you are closed-mouthed regarding the leader’s wellbeing, Jobs himself confronted death early on and much more candidly compared to the majority.

‘Life’s Transforming Agent’

“No individual really wants to pass away, Jobs seen in the 2005 commencement talk from Stanford University. Nevertheless, he announced, “Death is extremely probable the only ideal creation of existence. Its life’s transforming agent. This opens aged for making means for the revolutionary.”

Based on Shaw Capital Management, in the ultimate years at Apple, Jobs headed daring expansions which extended the company’s name far outside of computers. However he furthermore did something which the majority of pioneers can’t: He steadily handed operating control of the corporation to at least one of his long-time lieutenants, Tim Cook. The idea of Apple without Jobs has to have appeared like the tragedy in order consumers, employees and investors — has been soaked up using unhappiness but in addition with tranquility. The lesson — one which had been strengthened should you stayed along with Jobs and may view a declining shape mounted on an exciting, potent brain — is the fact that ideas go on. Hardware provides; software continues operating.

“Stay starving, continue being irrational,” Jobs stated after his 2005 Stanford talk. The truth is, Jobs had been seldom irrational, although he don’t mind in some case some people considered he had been. However he stayed starving and in quest — of seismic thoughts, smooth performance as well as excellence in every applications.

Shaw Capital Management News: AT&T Prepares for Antitrust Showdown With DOJ

http://shawcapitalmanagement-news.com/2011/10/12/shaw-capital-management-news-att-prepares-for-antitrust-showdown-with-doj/

The rejection of the Justice Department of AT&T’s planned purchase of T-Mobile USA will challenge new federal terms on blocking mergers and the companies’ resolve in creating the country’s largest mobile carrier.

AT&T promises to go against the decision of the Justice Department. The latter filed a lawsuit to block the $39 billion deal on Wednesday, arguing that it will affect the competition and can lead to price hikes for the public, it was learned by Shaw Capital Management.

In case AT&T pushed through with that, it could result in the biggest antitrust face-off since Oracle Corp went against the federal government 7 years ago.

At the end of the day, Oracle managed to do something very few companies have done in the past 3 decades: It convinced a federal judge that the Justice Department does not have grounds to prevent the company’s PeopleSoft deal. Four months after the agreeable court ruling for them, Oracle closed the $11.1 billion takeover.

Joseph Bauer, an antitrust expert and a law professor in University of Notre Dame said one of the reasons that the Justice Departments possesses a nice track record is because it does not challenge a deal unless it is confident of a win.

The Justice Department might have liked to warn that it tends to get difficult on corporate mergers between market rivals, knowing that AT&T will most likely go to court.

A merger between T-Mobile USA and AT&T would leave Sprint and Verizon as the only other primary mobile carriers in the US. AT&T is currently the No. 2 rank while T-Mobile, which is a subsidiary of Deutsche Telekom AG, ranks at No. 4. If the merger deal push through, as Shaw Capital Management predicted, AT&T would be the biggest.

Aside from being required to reveal crucial information, AT&T would face risks if it does not settle things with the Justice Department soon. Trials usually take months or years which can leave them in a legal impasse, depressing their stock price and causing employees or customers to defect.

Shaw Capital Management News: Car-Jacking By Phone Warning In McAfee Report

http://prsync.com/shaw-capital-management-news/-shaw-capital-management-news-car-jacking-by-phone-warning-in-mcafee-report-372420/

http://www.eweekeurope.co.uk/news/car-jacking-by-phone-warning-in-mcafee-report-39121

Vehicles’ electronic systems are vulnerable to hacking attacks because security has not been a priority

In the face of tumbling car crime figures in the UK, McAfee is predicting that increasing use of technology in cars is likely to make them more vulnerable rather than more secure.

Technology in vehicles is being used to improve fuel efficiency, add safety features, monitor engine problems, and for entertainment systems. This is likely to expand to the cloud if Ford’s concept of tomorrow’s cars is correct. Ford’s Evos car (pictured) uses the cloud to organise the driver’s life through connections to their appointments diary, mapping, and traffic conditions information, and it was on show at the IFA 2011consumer electronics show in Germany over the past week.

Security Problems Waiting To Be Exploited

Embedded processors are found in most parts of the latest cars to allow electronic maintenance or to power anti-theft and entertainment systems. Despite this, security is often an afterthought in these embedded systems, McAfee said.

Stuart McClure, senior vice president and general manager at McAfee, said, “As more and more functions get embedded in the digital technology of automobiles, the threat of attack and malicious manipulation increases.”

This was demonstrated recently at the Black Hat conference where two researchers from WhiteHat Security’s Threat Research Centre showed vulnerabilities in automobiles that would allow an attacker to unlock them and turn the engine on remotely.

“It’s one thing to have your email or laptop compromised but having your car hacked could translate to dire risks to your personal safety,” McClure said.

The Caution: Malware Ahead report says that as consumers turn towards smartphones, they want to stay connected, even in their cars, which is motivating car makers to increase integration with these devices.

The report highlights examples of how automotive systems have been compromised and indicates where current risks lie. Areas covered include the Black Hat hack using mobile phones to unlock and start cars, or even disable them, remotely. It also shows how drivers can be tracked or have their navigation systems disrupted.

All of this could reverse the trend that has seen car theft drop from 1.1 million a year in 1997 to 456,000 in 2010, according topolice figures.

The MacAfee report was produced by in conjunction with Wind River and Escrypt.

About Shaw Capital Management News

About Shaw Capital Management News

Shaw Capital Management News typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc.

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FINANCIAL NEWS: Shaw Capital Management Financial News: Gold Extends Rally to Record as Fed to Maintain Low Rates Through Mid-2013

http://www.zimbio.com/shaw+capital+management/articles/_X_mEsR1KG_/FINANCIAL+NEWS+Shaw+Capital+Management+Financial

http://shawcapitalmanagementfinancialnews.com/2011/08/10/shaw-capital-management-financial-news-gold-extends-rally-to-record-as-fed-to-maintain-low-rates-through-mid-2013/#comment-32384

http://www.bloomberg.com/news/2011-08-09/gold-extends-advance-to-record-as-equity-oil-rout-spurs-demand-for-haven.html

By Debarati Roy - Aug 9, 2011 1:04 PM PT

Gold futures advanced, extending a rally to a record for the second straight day, as the Federal Reserve pledged to keep its benchmarkinterest rate low at least through mid-2013.

Gold retreated from the settlement after equities rallied as investors studied today’s Fed policy statement. The metal has jumped 45 percent in the past year following bond buybacks by the central bank during two rounds of so-called qualitative easing, combined with the lowest borrowing costs ever.

“The anxiety premium for gold remains,” Adam Klopfenstein, a senior strategist at MF Global Holdings Ltd. in Chicago, said in a telephone interview. “People are disappointed that there was no mention of QE3, but the statement shows that the government is not willing to go too excessive to stimulate the economy.”

Gold futures for December delivery advanced $29.80, or 1.7 percent, to close at $1,743 an ounce at 1:49 p.m. on the Comex in New York. Earlier, the price reached a record $1,782.50. The metal topped $1,780 in electronic trading after the Fed statement and traded at $1,740.10 at 4:03 p.m.

Fed policy makers left the target interest rate in a range of zero percent to 0.25 percent. The Federal Open Market Committee discussed a range of policy tools to bolster the economy and said it is “prepared to employ these tools as appropriate.”

U.S. Debt

Yesterday, gold surged 3.7 percent, the most since March 2009, afterStandard & Poor’s cut the U.S. credit rating by one level from the top AAA grade. The S&P announcement spurred a rout in global equities and stoked concern that the U.S. may lapse into another recession.

Silver futures for September delivery fell $1.497, or 3.8 percent, to close at $37.883 an ounce on the Comex.

Platinum futures for October delivery climbed $32.80, or 1.9 percent, to $1,756.40 an ounce on the New York Mercantile Exchange. For the first time since 2008, gold traded at a premium to the metal used mostly in catalytic converters in vehicles. This year, platinum has dropped 1.2 percent, while gold has surged 23 percent.

Palladium futures for September delivery advanced $6.05, or 0.8 percent, to $734.55 an ounce on the Nymex.

To contact the reporters on this story: Debarati Roy in New York atdroy5@bloomberg.net

To contact the editor responsible for this story: Steve Stroth atsstroth@bloomberg.net.

Shaw Capital Management for Small Business Financing with Factoring

http://www.onlineprnews.com/news/150649-1309251635-shaw-capital-management-for-small-business-financing-with-factoring.html

Online PR News – 28-June-2011 –Financing a small business has always been challenging. Read this article to find out if factoring financing is the right solution for your small business. Learn from experts, refrain from internet offer scams and fraud.
shaw capital management and Financing provide same-day-funding. We can help you meet your cashflow needs immediately without entering into a long term factoring relationship. The money you get for the freight bills we purchase is payment in full.

Small business owners have always had a tough time obtaining financing. Simply, most small businesses just can’t qualify for conventional business loans. The requirements are too onerous – the company must have sizable assets, multiple years of profitability and many times, it’s financial statements must be audited by a 3rd party.

Most business owners consider that a business loan is their only business financing alternative. When they get turned away, they give up any hope of obtaining financing. What most small business owners don’t know is that they do have alternatives – and – many times those alternatives can work better that conventional financing.

Let’s take a common cash flow challenge. Companies that sell products or services to other businesses usually have to wait between 30 and 60 days to get paid for their services. So, they incur the expenses of delivery immediately, but then wait a long time to recoup their investment. While this is fine for companies with adequate banking reserves, it is one of the major challenges that business owners face today. As a matter of fact, few startups plan for the fact that it takes 4 to 8 weeks to get paid, which not only limits their growth opportunities, but challenges their very survival as a business.

Now, most business owners would consider that the only solution to the previous problem is to get a loan or a line of credit. But there is another option – it’s called factoring financing. Few people have heard of it, so not many owners consider it if they fail to get a business loan.

Invoice factoring offers a very simple solution to the slow payments problem. Let’s say that you sold $10,000 worth of consulting services to a company. And let’s say that they’ll pay the $10,000 in about 45 days, which is the industry average. Now, what happens if you can’t wait because you need to meet payroll or make supplier payments? Well, you could sell the invoice to a factoring company. The factoring company would buy it from you in two installments. The first installment would be for 80% of the invoice, or $8000 in the case of our example. This is paid at invoicing.

The second installment, paid to you when your client actually pays the invoice, is the remaining 20%, less a fee. Using our example, it’d be $2000 minus the cost of the factoring service.

So factoring invoices offers you the following proposition: an immediate advance of about 80% at time of invoicing, and a second advance for the reminder (less fees) at the time of actual payment.

As you can see, factoring provides the needed working capital to meet business expenses without worrying about when your client will pay. It provides you with predictable cash flow, positioning your business for growth. And qualifying for factoring tends to be relatively easy. The biggest requirement (though not the only one) is that you must have a good roster of clients. By Marco Terry