Learning Forex Trading

PMC Sierra CFO Krock to Depart

SANTA CLARA, Calif. — PMC Sierra Inc. said Thursday its chief financial officer and vice president Alan Krock will leave the company for personal reasons after a "reasonable transitional period."

The company also said it expects second-quarter sales at the midpoint of its prior guidance range of $108 million to $112 million, excluding revenue from its acquisition of Passave Inc. in May.

Rap Music is Assisting in Genocide

Stop selling us out! Exposing those who are assisting the genocide of Afrikan people via rap musik by Tutaonana, Kwabena Sakidi Jijaga Rasuli D.J. Precious Pau

I recently got a quick glance at Russell Simmons being interviewed on a cable news channel talking about world peace. Simmons appears to be a regular guest on the tube and the mass media-made spokesman for hip-hop. If anything, he may be a spokesman for rap songs, but not hip-hop.

This man talks about world peace and at the same time pushes cognac and garbage songs to Afrikans in the U.S. that promote internecine warfare in our communities so he can benefit monetarily. Give us a break, Russ. Denounce that garbage music, stand with Kurtis Blow and demand that artists stop using that self-hating N-word which is killing our people.

Further Dollar Weakness Still in Question after Mixed NFP

US Dollar - The much awaited non-farm payrolls report for the month of June was a big disappointment and did little to clear the air on whether the Federal Reserve could potentially raise interest rates again in August. Even though the headline non-farm payrolls number came in significantly below expectations, the details of the number and the household survey was not nearly as dollar bearish. We have already seen the US dollar recuperate a good portion of its losses against the Euro as the up tick in average hourly earnings, rebound in manufacturing payrolls and strong job growth as measured by the household survey create a more mixed report. The market was really banking on the NFP number to sway the dollar in one direction, however the ambiguous number only prolongs the uncertainty by making next month's non-farm payrolls report even more important.

Dollar falls further after Fed signals rate pause

TOKYO (Reuters) - The dollar hit a three-week low against the euro on Friday, extending losses after the Federal Reserve gave the clearest signal yet it may soon take a break from a two-year campaign of nonstop interest rate increases.

The Fed said slowing economic growth should help rein in inflation after it lifted overnight rates for a 17th straight time to 5.25 percent, as widely expected.

Building expectations that the Fed could raise rates to 5.5 percent in August had driven the dollar to two-month highs against major currencies in the past week.

"People have got caught long on dollars at very wrong levels," said Luke Waddington, head of forex trading at Royal Bank of Scotland in Tokyo.

"We're trading on interest rates," he added.

Tenet Healthcare Receives $340 Mln From Insurers For Hurricane ...

(RTTNews) - Thursday morning, Tenet Healthcare Corp. (THC | charts | news | PowerRating), a provider of healthcare services, revealed it reached an agreement with its property insurers for fiscal year 2005-06 to settle all its claims related to damages and business interruption that it incurred on account of Hurricane Katrina. The company said that it received the total claims of $340 million from the insurers as of today.

The Texas-based company said that all the five hospitals that it operates in New Orleans market, the hospital it operates in Biloxi, Mississippi, and its five Diagnostic Imaging Services outpatient radiology centers and other support property in New Orleans sustained significant damages when Hurricane Katrina made landfall on August 29, 2005. The company said that on account of extensive damage, it had not been able to reopen Memorial Medical Center and Lindy Boggs Medical Center so far.