July 29, 2005
Edited by Ryan Scott Lothian
Lead Stories
Antitrust Watchdog Comments on LSE
http://biz.yahoo.com/ap/050729/britain_london_stock_exchange.html?.v=3
The
http://www.bloomberg.com/apps/news?pid=10000102&sid=aiQkc2ccz1Fk
LSE: Statement Re: Competition Commission Provisional Findings
http://www.londonstockexchange.com/NR/exeres/91D0D78C-D953-42F0-A5F5-96284777AC0C.htm
Deutsche Börse Comments on Competition Commission Provisional Findings
Euronext Response To
http://www.exchange-handbook.co.uk/news_story.cfm?id=54220
House Passes Major Energy Bill Pushing New Energy Strategy
Measure intends to boost production, conservation, modernization
http://usinfo.state.gov/usinfo/Archive/2005/Jul/28-843728.html?chanlid=washfile
Energy bill's winners and losers
Some big oil and coal producers stand to benefit, some chemical companies could face lawsuits.
As the energy bill moves closer to becoming law, debate is still raging over the first overhaul of national energy policy in a decade.
http://money.cnn.com/2005/07/29/markets/energy_winners_losers/index.htm?section=money_latest
Economy kept growing solidly
The
Oil Tops $60 as BP Texas Refinery Blast Deepens Supply Concern
Crude oil rose to its highest in more than two weeks, surpassing $60 a barrel in
http://quote.bloomberg.com/apps/news?pid=10000103&sid=a04rDS6NHPSU&refer=news_index
Doug Heller: Did Bush's SEC Nominee Perjure Himself at Senate Confirmation Hearing?
When Rep. Chris Cox testified before the Senate Banking Committee about his nomination to head the SEC on Tuesday, he seems to have scooted over the honesty line.
http://news.yahoo.com/news?tmpl=story&u=/huffpost/20050728/cm_huffpost/004832_200507281631
Chris Cox SEC Nomination Vote Moves Investor Alert to Yellow; Consumer Group Says Cox Would Be a Nightmare for
WTO chief warns trading nations to bridge differences by October
World Trade Organization chief Supachai Panitchpakdi warned member countries to bridge their differences by October if they want to complete almost four years of stumbling negotiations to free up global commerce. Trading nations are facing the last chance to energize the Doha Round of multilateral negotiations, launched
http://au.biz.yahoo.com/050728/33/6buw.html
PE firms tussle for Nymex stake
General Atlantic LLC may be about to make a bid of about $240 million for a 20% stake in the New York Mercantile Exchange.
News Corp.'s
News Corp.'s Lachlan Murdoch, son of Chairman Rupert Murdoch and heir apparent at the fourth-largest
http://www.bloomberg.com/apps/news?pid=10000102&sid=a8qdb09tS4Jo
A conflict of interest?
Judge will look closely at NYSE executive's links to financial advisers and his actions in deal to acquire Archipelago
http://www.newsday.com/business/ny-bzfillq4362040jul29,0,6744366.story?coll=ny-business-headlines
AG Bid to Lasso Grasso E-mail
Prosecutors for state Attorney General Eliot Spitzer are trying to get access to an overlooked e-mail account held by former New York Stock Exchange chief Dick Grasso.
http://www.nypost.com/business/50538.htm
*Free subscription required
NASDAQ Announces Second Quarter 2005 Results
Net Income Increases 191.7% from Prior Year on 8.7% Gross Margin Increase and 6.6% Total Expense Reduction
http://www.nasdaq.com/newsroom/news/pr2005/ne_section05_072.stm
Exchange & ECN News
CBOT Dow Jones Strike Price Notice July 29, 2005
http://www.cbot.com/cbot/pub/cont_detail/0,3206,1032+29627,00.html
E-CBOT Dow Jones Strike Price Notice July 29, 2005
http://www.cbot.com/cbot/pub/cont_detail/0,3206,1032+29626,00.html
CBOT Strike Price Notice July 29, 2005
http://www.cbot.com/cbot/pub/cont_detail/0,3206,1032+29625,00.html
Program Trading Averaged 53.1 Percent of NYSE Volume during July 18-22
The New York Stock Exchange today released its weekly program-trading data submitted by its member firms. The report includes trading in all markets as reported to the NYSE for July 18-22.
http://www.nyse.com/Frameset.html?displayPage=/press/2_2005.html
http://www.exchange-handbook.co.uk/news_story.cfm?id=54216
Regulatory News
The SEC News Digest
The SEC News Digest provides daily information on recent Commission actions, including enforcement proceedings, rule filings, policy statements, and upcoming Commission meetings.
http://www.sec.gov/news/digest/dig072805.txt
NFA - News, Facts, Action - Summer 2005
http://www.nfa.futures.org/member/newsLetter2.asp
CFTC Weekly Advisory, 31-05
http://www.cftc.gov/opa/adv05/opawa31-05.htm
NASD Warns Investors to Protect Online Account Information
Brokerages Also Reminded of Obligation to Protect Customer Information from New Threats
http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_014775&ssSourceNodeId=5
Protect Your Online Brokerage Account: Safety Should Come First When Logging In and Out
The Internet and, more recently, wireless technology have made it easy for investors to check brokerage account information and initiate investment transactions on the go. NASD is issuing this Alert to warn investors to take precautions to help ensure the security of their brokerage accounts. Not doing so puts your account information and investments at risk.
http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_014769&ssSourceNodeId=5
NASD Reminds Members of Their Obligations Relating to the Protection of Customer Information
http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_014773&ssSourceNodeId=5
Managed Futures - Managed Funds
Mutual Funds' Biggest Choice
Weighing Which Portfolio Team To Run the Show Is Key Decision; Silence Greets Mr. Brady's Offer
http://online.wsj.com/article/0,,SB112260046862199533,00.html?mod=mkts_main_news_hs_h
*subscription required
Positive debut for oil-backed fund
Oil Securities, the world's first oil-backed exchange traded fund, made a solid debut yesterday on the London Stock Exchange, attracting more than $40m worth of investment.
http://news.ft.com/cms/s/02d253ce-ffce-11d9-86df-00000e2511c8.html
Reports
Bond Talk Today's Events
http://www.bondtalk.com/global.cfm?S=todaysevents
USDA Today
http://www.usda.gov/nass/PUBS/TODAYRPT/TODAY.HTM
Miscellaneous News
This ran yesterday. I have posted the entire news release on the blog. You can view it at the link bellow:
Jim Rogers' Beeland Management Hires Robert Mercorella as COO
Robert Mercorella has joined Beeland Management Company, L.L.C. as chief operating officer according to Jim Rogers, founder, majority owner and member of the firm. Beeland Management is the general partner and commodity pool operator of the Rogers International Raw Materials Fund, L.P., a public commodity pool registered under the Securities Act of 1933.
http://johnlothiannewsletter.com/phpbb/viewtopic.php?t=12
Creditex Spins Out T-Zero for Post-Trade Messaging and Connectivity in Credit Derivatives, and more
A new start-up platform, T-Zero, is launching to bring operational efficiencies to the credit derivatives industry. The platform is being spun out of Creditex, a leading player in the electronic trading of credit derivatives, which has incubated the new company. Creditex and T-Zero will be owned by a separate holding company, not named in the release.
http://www.financetech.com/news/showArticle.jhtml?articleID=166403482
FOCUS:
A combination of higher sugar prices, a weaker rupiah against the U.S. dollar and expectations of a better domestic sugar cane crop this year may prevent Indonesian sugar importers from utilizing their remaining raw sugar import quotas this year.
http://au.biz.yahoo.com/050729/18/6d3c.html
Schwab Declares Regular Quarterly Dividend, Authorizes Additional Stock Repurchase
The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.022 per common share. The dividend is payable August 23, 2005 to stockholders of record August 9, 2005.
http://biz.yahoo.com/prnews/050729/sff012.html?.v=19
Investor group, Morgan Stanley in talks
An influential investors' group on Thursday said it will meet with Morgan Stanley's board of directors to discuss concerns about hefty, guaranteed pay packages for executives and huge payouts to departing staff.
http://news.yahoo.com/news?tmpl=story&u=/nm/20050729/bs_nm/financial_morganstanley_investors_dc_1
Industry Risk -
http://www.garp.com/risknews/newsfeed.asp?Category=6&MyFile=2005-07-29-11230.html
Port authority deals a blow to ethanol plant
Members reject changes to lease for proposed plant
http://www.bradenton.com/mld/bradenton/news/local/12252481.htm
John's Comments
Thanks for letting me invade your inboxes. I don’t think John will let it happen again.
More Shameless Self-Promotion:
As John mentioned before, I recently graduated from the
More specifically I am looking to work in marketing/advertising/communications/public relations/web design, etc.
Regards,
John J. Lothian
Publisher
John Lothian Newsletter
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