Friday, January 14, 2011

Xunlight has been certified to IEC 61646/61730 certifications for its flexible solar modules

TOLEDO, OH--(Marketwire-January 10, 2011)-Xunlight Corporation, a leader in the design, development and manufacture of solar modules on flexible thin film silicon and light, today announced it has received certification that these products fulfil the requirements of IEC 61646/61730. These certificates were granted after rigorous testing by TÜV InterCert GROUP, an independent certification, and confirm that the technology of solar module flexible and lightweight Xunlight meets the guidelines of safety, quality and performance established by the International Electrotechnical Commission (IEC).

Thanks to this certification, Xunlight is now part of the small group of producers of solar modules flexible permission to market their products in the European market. Five products have been approved by the company with power up to 307 Watts per module and used in systems with up to 1000Vdc. The certified modules include those from 91 to 48 cm total length up to 5,5 meters. New certifications are an important complement to existing UL 1703 standard certificates of Xunlight for the North American market.

Certificate IEC 61646 these products/61730 and UL1703 are manufactured using the production line of solar cells from 25MW to Xunlight and are available in large quantities. Currently Xunlight has a backlog of sales on the European market that is close to 60 million dollars. This certification allows the company to deliver the initial quantities to its European partners for the installation on the roofs of buildings for commercial and other applications.

"This is a milestone in efforts to Xunlight faces to become the world's leading manufacturer of solar modules flexible, lightweight, low cost and with high powers," said Xunming Deng, President and CEO of Xunlight. "I am also pleased to announce that today we made our first shipment of products certified to IEC European customers."

Information about Xunlight Corporation
Xunlight Corporation develops, manufactures and markets flexible photovoltaic modules that convert sunlight into electricity. Xunlight has received more than 43 million dollars of institutional investments by Emerald Technology Ventures, Trident Capital, NGP Energy Technology Partners and Rabo Ventures. The company has also received more than 13 million funding for research and development from US Department of Energy, u.s. Department of Commerce and the Ohio Department of Development (ODOD) and loans for $ 14 million from State and local agencies to develop its products and the manufacturing process. Xunlight scored publications and broadcasts on Newsweek, the Wall Street Journal, CNN, FOX News, the New York Times, Associated Press, ABC World News and the Economist. The company's headquarters is located in Toledo, Ohio. For more information, visit our website

Founded in Milan, Italy in 2003, the TÜV InterCert GROUP is an independent certification of systems and products that aspires to support companies and organizations in obtaining certifications that guarantee the attention directed to the quality, efficiency and safety of goods and services and management system used. InterCert has offices throughout Italy and is currently present in Reggio Emilia, Parma, Turin, Verona, Rome, Bari, Naples, Catania and Cagliari, while its foreign offices are located in Istanbul (Turkey) since its Foundation, Barcelona (Spain) since 2004, Abu Dhabi (UAE) since 2005, Korea, China and Japan since 2006, Tehran (Iran) and Athens (Greece) from 2007 and Canada since 2009.

The Samsung TicToc campaign is aimed at young trendy European

SOURCE: Samsung Electronics Co. Ltd.

SEOUL, KOREA--(Marketwire-January 12, 2011)-the clock struck midnight for the race of the "Girls TicToc" by Samsung, and two British teenagers have emerged as the new face of the campaign.

Upon completion of the five-month marketing that promoted the TicToc MP3 player, Samsung Electronics Co., Ltd. ( recently announced the selection of two girls literacy personificheranno the musical culture of fashionable teenagers today, and will represent the company's new music device operated by movement and designed specifically for girls and young women.

Emily Doherty and Bethany Yates, both of the United Kingdom, were chosen by Samsung as winners of the hearing for girls, a race to TicToc free entrance to "find a star" issued in order to discover the first "Girls" of Samsung TicToc. The competition was open to residents of the United Kingdom, France, Italy and Spain with age from 14 to 21 years.

The finals of pop music video of "Girls TicToc" launched today that shows Doherty and Yates, marks the culmination of a digital marketing initiative on social media based primarily on a dedicated page of Facebook,, which was opened in August of 2010.

The video of "Girls TicToc" can be seen here: (

In order to prepare the girls high school and University to TicToc MP3 player, a music player Shuffle propelled by movements, Samsung has chosen Facebook as the focal point of the campaign, because this site "demographic" people share practically their whole lives on social media, including music.

"Young girls today want to tell their stories, rather than being told what to do, and want to share with their friends," said YH Lee, Senior Vice President for mobile marketing of Samsung Electronics. "We discovered that friendship is everything in this demographic site. And friends share everything. In order to locate the model TicToc as preferred music player for this audience, the natural thing to do was use heavily Facebook, given that provides teenagers with the best way to share information among themselves. "

Samsung has created the campaign "Girls TicToc" to implement the brand and create awareness of the product through participation and interaction of users. In addition to the Facebook page, Samsung has created a YouTube channel ( to host the TicToc dance instructional video, a professional music videos, and behind-the-scenes footage. Meanwhile, the campaign has resulted in very little time a large number of fans and video uploads, achieving a high count of monthly active users and a solid fan base.

"Searching for ' Girls ' Samsung TicToc has been a tremendous success for the brand TicToc, and has generated tens of millions of impressions online, in four European countries," added YH Lee. "Every girl teenager dreams of becoming a pop star, and Samsung has provided the unique opportunity that happen only once in life, to be the star of a music video produced by professionals."

Participants in the hearing for the "Girls TicToc" Samsung scramble a four-day trip to Seoul, Korea, for the shooting of a professional video of pop music; a movie and a photo collection of travel; a gift package with the MP3 player Samsung TicToc; and publishing of videos and photos on Samsung mobile channels. To facilitate competition, Samsung has developed and promoted a Facebook application for each of the four participating countries, where users could watch a video demonstration of the choreography and music, and submit their version. The page also provided options to invite friends to the hearings and see videos uploaded by other competitors.

Launched in July, the Samsung TicToc model is the first MP3 player for girls powered by movements and easy to use. Available in 2 GB and 4 GB, the device supports MP3, AAC, WMA, Ogg, FLAC and WAV, and has a battery life of up to 12 hours.

About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication technologies, digital media and digital convergence with consolidated sales in 2008 totaled $ 116.8 billion. Employs approximately 188,000 people in 185 offices in 65 countries. The company consists of eight business units independently managed: Visual Display, Mobile Communications, Digital Appliances, Telecommunication Systems, IT Solutions, Digital Imaging, Semiconductor and LCD. Recognized as one of the global brands with the highest growth rate, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCD. For more information, visit our website at

Monday, October 25, 2010

Australia Export Prices Surge, Underline Rate Risk

Australia's export prices have surged for a second straight quarter as Asian demand fuelled huge increases for iron ore and coal, showering the economy in cash and illustrating just why interest rates are heading higher.

The 7.8 percent increase in export prices for the third quarter came on top of a huge 16.1 percent rise the previous quarter. In all, prices were up 27.7 percent on year, boosting profits, investment, jobs and tax receipts.

This bonanza is the main reason the Reserve Bank of Australia (RBA) has warned that interest rates will have to rise again to control inflation, perhaps as soon as next month.

"This is real money that's washing through the economy and giving nominal GDP growth in double-digits," said Su-Lin Ong, a senior economist at RBC Capital Markets.

"It's the sort of positive income shock that policy-makers ignore at their peril and it's why rates are likely to rise sooner rather than later."

The RBA has already hiked six times since October and the 4.5 percent cash rate is far above most other developed nations, some of which are considering easing policy further to support flagging domestic demand.

Much might depend on consumer price figures (CPI), due on Oct. 27. The central bank expects underlying inflation to run at an annual 2.5 to 2.75 percent in the third quarter, within its long-term target band of 2 to 3 percent.

Such an outcome could allow a further pause on rates in November, but to forward-looking policy makers the problem will be keeping prices tethered when they expect economic growth to accelerate to 4 percent over the next couple of years.

Minutes of the central bank's policy meeting this month showed board members were well aware of the challenge.

"Members concluded that interest rates would need to rise at some point if the economy evolved in line with the central scenario of a gradual tightening in resource utilization."

Export prices rise 7.8% q/q in the third quarter, from a 16.1% increase in the previous quarter
Export prices up 27.7% y/y in the same quarter, boosting profits, investment, jobs and tax receiptsThe only question was timing, with some feeling the rise of the Aussie dollar to 28-year highs was a form of tightening that offered space to wait a while before lifting rates.

Investors are pricing in around a 40 percent chance of a move to 4.75 percent at the next meeting on November 2, and a near 60 percent chance of a hike in December.

A rise to 5.0 percent is priced in for the next 12 months, though most analysts think that understates the risk.

Counting On Asia

Australia's good fortune owes much to demand from Asia, which now takes over 70 percent of its exports and is growing much faster than Europe or the United States. Just this week China reported annual growth of 9.6 percent for the third quarter.

Friday's data showed prices for metal ore exports climbed 70 percent in the year to September, while coal rose 34 percent, gold 19 percent and gas 56 percent.

In contrast, import prices rose a modest 0.7 percent in the quarter and were down 1.5 percent for the year.

As a result Australia's terms of trade, or the ratio of export prices to import prices, climbed around 30 percent in the year to September, the biggest rise in three decades.

The surge has reversed the country's perennial trade deficit, delivering a cumulative surplus of A$11.1 billion between April and August.

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American Express Profit Outpaces Forecasts

American Express reported quarterly earnings and sales that exceeded Wall Street expectations Thursday, sending shares higher.

American Express

The company said it earned 90 cents a share in the third quarter against 54 cents a share in the same period last year.

Revenue for the quarter was reported at $7.03 billion, versus $6.01 billion last year.

Stock analysts who follow American Express, a Dow component, had expected the company to earn 86 cents a share on sales of $6.79 billion, according to

Net income in the U.S. card services unit jumped to $595 million, while provisions for losses in the U.S. unit fell 68 percent, to $274 million.

The company said that consumers with American Express cards spent 14 percent more than they did a year ago, but loan demand remained weak.

"Things are relatively healthy," said Michael Holland of Holland & Co in New York, which owns American Express shares.

Investors "had been expecting a little bit better results (than the forecasts), and they produced it," he said.

Last week, American Express reported that its monthly delinquencies rose slightly in September, from 2.4 percent to 2.5 percent. However, the company still maintains the lowest level of monthly delinquencies among major U.S. lenders.

Charge-offs, the company said, fell to 4.7 percent from 5.5 percent in August.

U.S. regulators are increasingly scrutinizing processing networks, including American Express, which this month vowed to fight a government antitrust lawsuit that could cut into its long-term profits.

Chief Executive Kenneth Chenault said in the company's earnings announcement that American Express continued to improve its competitive position "against the backdrop of regulatory and legislative changes that are reshaping the industry."

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Sunday, October 24, 2010

Baidu Doubles Earnings, Grabs Google Share

Baidu, China's top search engine operator, more than doubled its quarterly net profit as an increase in paid click volume and new customer additions boosted revenue.

Receptionist at officeReceptionist at office

Baidu, which has grabbed market share from Google  since the latter's high-profile falling-out with Beijing this year, dominates over 70 percent of China's search market and is aggressively seeking other revenue streams by diversifying into e-commerce and online video.

It expects revenue for the fourth quarter to come in at $354.2 million to $364.7 million, ahead of the average analyst forecast for $348.5 million.

Third-quarter net income rose to $156.4 million, or 45 cents a share, from $72.2 million, or $2.07 per share, a year ago, before a 10-for-1 stock split. Analysts were expecting earnings of 41 cents per share.

Revenue surged to $337.2 million from $187.3 million a year ago. Analysts, on average, had expected revenue of $333.3 million, according to Thomson Reuters I/B/E/S.

Shares of Baidu , which closed at $102.48 in trade on the Nasdaq Thursday, were last up 3 percent in extended trading. Get after-hour quotes for Baidu here.

The stock climbed 2.5 percent during Thursday's regular session and has more than doubled since Google's troubles in China began in January.

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Companies Can't Rely on US for Profit Goals Anymore

Third-quarter earnings results could be producing a paradigm shift for US companies, in which multinationals fuel an economic recovery that strictly domestic companies cannot.

While the trend of US companies branching overseas is certainly nothing new, the extent to which emerging market demand could pull the country out of a recession is.

Developing economies such as the BRICs—Brazil, Russia, India and China—slumped during the global financial crisis, but appear to be back now that financing is available and the worst of the credit calamity has passed.

"We might go into a period of a decade where global growth is a driver of the world economy, and that's not necessarily a really bad thing for the United States," says Jordan Kimmel, market strategist at Boyar Asset Management in New York. "When we hear the consumer is dead, they're certainly not talking about the consumer in lots of Asia, lots of Latin America, wherever there's significant growth taking place."

One of the principal themes of the latest earnings season has been companies raising their forward guidance.

"The fact is we don't have to wait for the American consumer to come around if you're involved in companies that have involvement overseas," Kimmel says.

While the reliance on foreign demand to drive US-based company earnings might seem like a poor reflection of the American economy—indeed, Caterpillar shares actually fell Thursday despite the earnings beat—it's something to which investors may have to become accustomed.

"The ground-zero for global growth is no longer the US. It's starting to come from overseas, it's from emerging countries," says Michael Vogelzang, president and chief investment officer at Boston Advisors. "Those are the folks who are sustaining us through a bear market and are providing the opportunity for companies that are well-positioned to do better."

Vogelzang says there's a saying in his office that is part humorous and part true: "It's China's world. We're all just living in it."

"That will be more and more the way the world works," he says. "At the end of the day emerging market countries are much more fiscally conservative than we are. The West and the developed countries have this long path of worry about trying to pay off debt for the next decade. As a result you're going to see subpar growth from domestic areas and developed areas."

At the same time, those developing markets aren't being shy about investing in their growth.

Emerging market debt issuance has eclipsed its historical record this year, with $162.5 billion in high-yielding notes in the marketplace. That total includes $30.5 billion in September alone and $11.6 billion in just the past week, according to Bank of America Merrill Lynch Global Research.

While that may sound a bit like a bubble is building much like what happened before the US housing market collapsed, companies are reaping the benefits of the growth.

"Emerging markets are definitely where demand is going to be in the next decade or two," says Keith Springer, president of Springer Financial Advisors in Sacramento, Calif. "The problem is these economies rely on the Western world for capital. Their economies are are not mature enough to withstand a big hit."

Springer sees US earnings driven as much by companies that have increased efficiency during the recession, and are learning how do to more with less while benefiting from the dearth of domestic competitors, particularly in the goods-producing industries.

But that may not be enough, he says, because the economy is relying too much on cheap money from the Federal Reserve that won't be there once interest rates are forced up.

"The government is not fixing the problem, going to the root of the problem, and adjusting. What they do is create bubble after bubble to get us through the next couple of years," Springer says. "What you need to do is let the economy reset to the level of demand rather than create artificial demand."

Yet for companies trying to maintaining bottom-line profits while managing some top-line growth, the current formula may have to do while current conditions prevail.

"Corporate America is doing substantially better than retail America. as a result, corporate earnings are ahead of Main Street," Vogelzang says. "It's the global reflation theme. The bigger companies that are tied to the emerging markets trades are doing the best."

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AIG's Asian Arm Raises $17.9 Billion in Hong Kong IPO

AIA, the Asian life insurance arm of American International Group, raised $17.85 billion by pricing its Hong Kong IPO at the top end an indicated range, sources with direct knowledge of the matter told on Friday, a deal that saw heavy demand from funds seeking a piece of one of the region's best known industry brands.

People arrive for the AIA group limited global offering in Hong Kong on October 6, 2010.

The pricing of the IPO puts an end to AIG's and failed to purchase AIA earlier this year.

The IPO will value AIA at $30.5 billion at top end and AIG will continue to hold 41.6 percent. AIG's stake will drop to 33 percent if it exercises the green-shoe option in full.

AIA sold 5.86 billion secondary shares at HK$19.68 each compared with a range of HK$18.38 to HK$19.68, the sources said. The company also exercised the upsize option to sell an additional 1.17 billion secondary shares, due to strong demand from investors.

Sources declined to be identified as AIG was yet to make the decision public. An AIA spokeswoman was not available for an immediate comment.

A poll released last week forecast AIG to sell shares at HK$19.14 each.

AIG will use the IPO proceeds to pay back part of the bail out package it received from the U.S. government during the 2008 financial crisis.

The IPO is on course to be the third-biggest ever globally, if AIG decides to exercise the green-shoe option.

AIA's trading debut is set for Oct. 29, under the symbol "1299".

AIA's unique position as the only listed life insurer with a wide foot print in the rapidly growing Asia Pacific region is a big draw for investors, fund managers said.

The company operates in 15 markets in Asia. Unlike many other foreign insurers, AIA has 100 percent ownership of its entities in China, Indonesia, Malaysia, Thailand and Vietnam. AIA has more than 300,000 agents in Asia.

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Americans Growing More Pessimistic About Economy

The American dream appears increasingly elusive to the average citizen, with America Economic Survey finding continued high levels of pessimism in the nation’s outlook for incomes, home values and the future of the economy.

After trillions of dollars were put to work for monetary and fiscal stimulus, just 8 percent of the nation views the economy as excellent or good and 92 percent see it as fair or poor, little changed from a year ago.

But just 37 percent of the public believes the economy will improve in the next year, down five points from a year ago. Taken together, the combined percentage of Americans who are pessimistic about the economy now and for the next year is at the second highest for the three-year life of the  survey.

One doesn’t have to look far for the reasons for the prevailing pessimism. Just one in four Americans believe their wages will increase in the next year. Even fewer, one in five, believe their home price will rise.

Both figures are record lows for the survey. In March 2007, about half the public expected gains for both their home values and their wages.

The politics of pessimism weigh heavily on President Obama and the Democrats. The president’s approval rating on the economy remains stuck at 45 percent, with those who are pessimistic on the economy giving the president approval ratings in the low double digits.

Congressional Democrats can boast of approval from only 35 percent of the public, just a bit than higher than congressional Republicans, with a 31 percent rating.

But responses to a separate series of questions about who is to blame for the nation’s economic problems finds Congressional republicans low on the list, a good sign pollsters say for the GOP in the upcoming election.

Former President Bush is faulted by the 31 percent of the public for the current recession, far ahead of President Obama at 13 percent. Congressional Republicans are blamed by just 7 percent of the public for the recession.

The two presidents are closer on other issues. For example, 22 percent of the public blames Bush for the current level of unemployment, compared with 20 percent for President Obama.

While 39 percnt blame Bush and congressional Republicans for the deficit, 40 percent blame Obama and the congressional Democrats.

One of the most dramatic findings in the survey is a sharp turn in views on business regulation, an issue that finds President Obama at odds with a majority of the public. Nearly half of Americans now say that business is overregulated—up from 28 percent in other surveys conducted in 2009, and even higher than surveys that asked the question in the mid-1980s.

On many other economic issues, the survey finds Americans are deeply divided, with a slight edge that would appear to favor the GOP.

Just under half of the public wants to continue the tax cuts for the wealthy. 46 percent of the public says they should be ended.

Among the leading reasons to maintain the tax cuts, the survey finds the public is concerned about raising taxes in the current economic environment and the effects on small business.

Among those would want the tax cuts to end, the leading reason, cited by 26 percent, is that the money could be used for such programs as social security and education.

In second place, with 17 percent, is the response that “the wealthy do not pay their fair share in taxes.”

The Tea Party also sharply divides the public, but into three distinct camps: 31 percent say they agree with the party’s economic positions and 28 percent say they disagree.

Emotions are charged on both sides, with equal percentages saying they strongly agree and strongly disagree. But there’s a larger, third group: 41 percent of the public say they don’t have an opinion on the Tea Party or they are just not sure.

Finally, a majority of Americans do not believe this is a good time to invest in the stock market, about the same percentage as during the height of the financial crisis in 2008. Just 37 percent of the public say it’s a good time to invest.

The survey questioned 801 people and was conducted October 10-13. Complete results here.

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Look Ahead: G-20 Unlikely to End Talk of 'Currency Wars'

The falling dollar's strong grip on financial markets has inflated market expectations for the weekend G-20 finance ministers meeting in Korea, but the gathering is unlikely to end with little more than a few loose promises.

It will also not resolve the biggest issue on the table - the dispute between the U.S. and China on China's unwillingness to let its currency appreciate.

Analysts expect a statement from the finance ministers and central bankers, who meet Friday and Saturday ahead of the G-20 heads of state meeting in November. The group is also expected to tackle banking reform, but the drama in currency markets has overshadowed that part of the meeting.

Brian Dolan of said the ministers' statement Saturday is expected to say countries should avoid a round of competitive devaluations. "After the meeting is over, these individual countries will continue their efforts to manipulate their currencies," said Dolan.

The falling dollar has exacerbated the divide between the world's developed and emerging nations, which have seen their currencies rise in tandem with the dollar's decline. Brazil, for one, has attempted to stem the real's rise by taxing foreign investment. The dollar edged slightly higher Thursday against the euro, reversing an earlier move that took the euro over the $1.40 level. The dollar was also slightly higher against the yen.

"Ultimately everybody is united in wanting to see the Chinese allow their currencies to strengthen further. Obviously, it is undercutting their competitiveness in Asia with the Chinese maintaining the weak yuan. One of the reasons the currencies are appreciating is because the money can't go into China, so it's going on the path of the least resistance — into other emerging Asian economies. Brazil is the Latin American version of that," said Dolan. Brazil's finance minister Guido Mantega, who recently declared the world in a "currency war," is not attending the meeting.

During the past week, U.S. Treasury Secretary Tim Geithner has made more comments about the dollar than he's made in months. In a Wall Street Journal interview in Thursday's paper, Geithner said the major currencies (euro and yen) are "roughly in alignment now," and that the U.S. will pursue an approach that would encourage China and other countries to let their exchange rates appreciate. Geithner also said earlier in the week that theU.S. goal is not to devalue the dollar.

"He is basically saying the U.S. will not use the dollar like a weapon..We're going to use policy that's in our interest, but if the dollar falls so be it. We are not targeting the dollar, and the dollar does not need to fall against the major currencies. He seems to be targeting the problem towards China," said Marc Chandler, chief currency strategist with Brown Brothers Harriman. Chandler said Geithner, by commenting on the euro and yen, is also articulating a position for G-7 countries, who meet Friday ahead of the larger G-20 gathering.

"I think China resists them ganging up on them...I think it's sort of like Don Quixote going after the windmills. I don't think that's really where the problem is. I think it's a marginal factor," Chandler said of the Chinese currency. "The problem is they're a younger population than the U.S. and they're growing faster. Where they are in their development is they're basically saving a lot of money, and I think what they want to do is avoid some of the excesses."

Chinese officials have said their currency is not the problem, and that the U.S. needs to control its deficits. The U.S. contends that by keeping its currency low, China artificially cheapens prices for its good, crowding out others in world markets. Geithner also said the finance ministers are going to try to pursue efforts toward a "rebalance" of the world economy so it is less reliant on U.S. consumers for growth.

UBS senior economic adviser George Magnus believes China should move on its currency, and it should do so sooner rather than later because the adjustment will get increasingly difficult. "There has to be an almost Breton Woods kind of thing, acknowledging the global system is worth saving but not only the debtors have a responsibility to put their house in order, but that creditors have obligations too...I don't think its going to happen, at least not voluntarily," he said.

China this past week raised interest rates for the first time since the financial crisis began. "It's happened before and I think it was tactically astute for China to take the sting out of the issue, especially before big meetings like G-20, so it doesn't get attacked," said Magnus, the author of an upcoming book on China.

Chandler said there were market rumors that Geithner is seeking a very specific 3 percent move in the yuan before the November G-20 meeting, and that he is pushing for another 3 percent move between November and January. China recently has let its currency rise very slightly, but less than 3 percent, against the dollar since early September.

"There will be a statement this weekend. The communiqué will paper over some differences, but only the heads of state can engineer peace," said Chandler, adding more will be resolved at the November meeting.

Chandler said the dollar may actually be getting ready to break its downtrend, but that won't likely happen before the U.S. mid-term election Nov. 2 and the Fed's meeting Nov. 3, where it is expected to announce further easing. "The last four or five days was very choppy. I really thought the 1.40 level in the euro was going to be the top," said Chandler. The euro has made several recent runs to 1.40 but then backed away each time.

"Short-term momentum players, hedge funds have models that would still be selling the dollar, but it's getting close to New Year's eve at the party. I think we have two more weeks. I think this week showed us how hard the dollar can reverse," he said.

The Fed is expected to announce Nov. 3 that it will restart a program to buy Treasury securities, an event highly anticipated by the markets. The steep decline in the dollar, and coinciding rise in risk assets, like stocks and commodities, was triggered when the Fed began discussing so-called quantitative easing in late August.

"The Chinese have a good way of putting it. All thunder, no rain," said Chandler, noting just the whiff of easing has helped encourage the intended result in markets. "The key figures (Fed Chairman Ben) Bernanke and (New York Fed President William) Dudley have made very clear about the need to have more easing. If they do not ease now, it will be more destabilizing for the market than if they do this quantitative easing."

What Else to Watch

Besides G-20, traders are watching earnings Friday. Just a few major reports are expected from Nestle, Honeywell, Verizon, Ingersoll-Rand,Exelon, Schlumberger and KeyCorp.

Traders are also watching to see if the Dow will make another run at its April closing high of 11,205. It hit that level Thursday before backing down. "It made it to 11,210 and tested those previous highs and then failed," said Dolan, adding the stock market's retreat coincided with the turn higher in the dollar.

The Dow finished 38 points higher at 11,146, and the S&P 500 was up 2 at 1180. Treasurys declined, and the yield on the 10-year rose to 2.534 percent.

Consumer discretionary stocks were the best performers, up 0.8, followed by industrials, both global growth plays. Defensive utilities and telecom were the worst performers. Financials were down 0.2 percent, and Bank of America was a biggest loser on worries it will have a bigger hit from mortgage liabilities and speculation there was a big seller in the stock.

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Major Networks' Sites Blocking GoogleTV





Those networks aren't blocking GoogleTV users from accessing full length shows through Amazon, which sells episodes, or other apps — they're just not giving access to them on the sites designed for the Internet.

Broadcast networks are understandably uneasy with the idea of eliminating consumers' need for a broadcast signal. After all, that broadcast distribution generates both ad revenue and retransmission fees from cable operators.

Based on conversations with sources close to this complex negotiation, the networks are holding back to figure out what the business model of Google TV can be for them.

The media giants aren't afraid of engaging with Google TV . But it's the broadcast piece that's still up in the air.

Whether or not these nets will eventually make their content available on the new platform depends on a number of things — whether or not there's an authentication model, or perhaps more ad revenue.

Here's Google TV's statement:

"We’re in the early phases of Google TV and already have strong partnerships with Best Buy, Logitech and Sony, among others. We are excited about the opportunities our new platform creates for both established media companies like Turner and HBO, and tens of thousands of content creators large and small.

"Google TV enables access to all the web content you already get today on your phone and PC, but it is ultimately the content owner's choice to restrict users from accessing their content on the platform. "

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