News and Media

(UPDATE) 900 feared buried in southwest China: official media (ABS-CBNNEWS.com)

12 May 2008

BEIJING - Nearly 900 students are feared buried and four killed on Monday when a powerful earthquake caused a high school building to collapse in southwestern China, state-run Xinhua news agency said.

Hollywood Media loses $3.15M (Miami Herald)

12 May 2008

Hollywood Media, a provider of news, information and ticketing covering the entertainment and media industries, lost $3.15 million, or 10 cents per share, in the first quarter, compared to a loss of $3.06 million, or 9 cents per share, in the first quarter of 2007.

Top Currency Trading Ideas for the Week of May 12, 2008 (Daily FX)

12 May 2008

The current psychology (news headlines and COT data) is suggestive of a short term bottom in the EURUSD. Recent newspaper headlines include “Steady Dollar Tempers Allure of Some Bets� (WSJ, 5/12) and “A Signal From Fed Could Aid Dollar Rally� (Online WSJ, 5/12). The first headline demonstrates complacency and the second, a media prognostication, is typical of an impending low in the EURUSD.