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At least that was the case for traders like James Cordier, founder of Liberty Trading Group. Cordier says the catalyst behind gold's over 9% decline in less than a week of trading as "just a little bit of nervousness" exacerbated by relative illiquidity, at least compared to earlier in the year.Courtier sees a "decent" outcome in Europe. He says Germany and China have way too much to lose with a failure and will, as a result, take a cue from the U.S. and print money like counterfeiters on speed.If this were a story problem in a Finance 101 course (at least if such courses were had practical value) readers would have all the information to answer the question: "How would an options trader take advantage of what he believes to be fleeting skittishness in a bullish long-term environment?"Those of you who answered "Sell puts" go the head of the class. [Read the full article]
Janet Robinson, president and chief executive officer of The New York Times Company, speaks at the Reuters Global Media Summit in New York, November 30, 2010. REUTERS/Brendan McDermidNEW YORK (Reuters) - The New York Times Co is nearing a sale of 16 regional newspapers spread across the U.S. Southeast and California to Halifax Media Holdings, it said on Monday.The possible sale, news of which comes just days after the Times Co announced the sudden retirement of its chief executive, is the latest in a series of steps the company has taken to cut costs and focus on its most important newspapers and their websites. One analyst, Hale Holden of Barclays Capital, estimated proceeds from the sale could run in the neighborhood of $150 million to $175 million.With a weekday circulation of about 430,000, the newspapers included in the Times Co's regional media group are largely scattered across the U.S. Southeast and California. [Read the full article]
The Dow Jones Industrial Average declines more than 100 points to open the new week and took a late afternoon fall …Quotes delayed, except where indicated otherwise. Delay times are 15 mins for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.Fundamental company data provided by Capital IQ. [Read the full article]
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