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11:00AM Update

Steady selling has sent stocks into negative territory to trade with modest losses at new session lows. Following a decidedly positive start that saw all 10 major sectors stage gains, weakness has become widespread. With the broad market in the red for the fourth straight session, buying interest in Treasuries has continued to take yields lower. Such demand has sent the yield on the 5-year Note to a record low beneath 0.72%. Meanwhile, the benchmark 10-year Note’s yield now stands at 1.83%.

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3 Surprising Reasons to Give Up Soda

America has a drinking problem. No, not booze. I’m talking about soft drinks. According to the Beverage Marketing Corporation, the average American guzzles 44.7 gallons of the sweet stuff every year. Not sure what 44.7 gallons looks like? It’s about what you’d need to fill a small kiddie pool.

But the truth is, you don’t need me to tell you that soda isn’t healthy. We all know that America’s drink of choice contributes to our country’s ever-expanding obesity problem. But, as Rodale.com writer Leah Zerbe discovered, love handles are just the beginning. Read on for her report on three shocking soda facts that will have you saying “Just water, please” from now on. Read More…

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Earnings On Deck

Tuesday:

  • Amazon.Com Inc    AMZN
  • Archer-Daniels-Midland Co    ADM
  • Biogen Idec Inc    BIIB
  • Broadcom Corp    BRCM
  • Manitowoc Co Inc    MTW
  • Pfizer Inc    PFE
  • Seagate Technology PLC    STX
  • United Parcel Service Inc    UPS
  • United States Steel Corp    X
  • Valero Energy Corp    VLO

Wednesday:

  • Corinthian Colleges Inc    COCO
  • Electronic Arts Inc    EA
  • Entropic Communications Inc    ENTR
  • Green Mountain Coffee Roasters Inc    GMCR
  • IAC/InterActivecorp    IACI
  • Jds Uniphase Corp    JDSU
  • Las Vegas Sands Corp    LVS
  • ON Semiconductor Corp    ONNN
  • Qualcomm Inc    QCOM
  • Shutterfly Inc    SFLY
  • Whirlpool Corp    WHR

Thursday:

  • Acme Packet Inc    APKT
  • Atwood Oceanics Inc    ATW
  • Beazer Homes USA Inc    BZH
  • Boston Scientific Corp    BSX
  • Cameron International Corp    CAM
  • CME Group Inc    CME
  • Constant Contact Inc    CTCT
  • Cummins Inc    CMI
  • Diamond Offshore Drilling Inc    DO
  • Gilead Sciences Inc    GILD
  • Mastercard Inc    MA
  • Merck & Co Inc    MRK
  • Meritor Inc    MTOR
  • National Oilwell Varco Inc    NOV
  • NetSuite Inc    N
  • Patriot Coal Corp    PCX
  • Power One Inc    PWER
  • Royal Gold Inc    RGLD
  • Tesoro Corp    TSO
  • Zillow Inc    Z

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Park Avenue Millionaire Dies And Leaves $1.5 Million To His Door Man And Chauffeur

A millionaire Park Avenue music mogul, lonely after his wife dumped him, repaid two faithful workers who gave him a shoulder to cry on — by making them rich after his death.

“I don’t know what to do exactly with the money, but one thing I know for sure — every year, I’m going to bring the guy some flowers at his grave,’’ said suddenly rich chauffeur Jean Laborde, who received $1 million, or 10 percent, from boss Alan Meltzer’s $10 million estate.

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Asian Stocks Advance on Greek Debt Deal Talks, Japan Data

Jan. 31 (Bloomberg) — Asian stocks rose, with a regional benchmark index poised for its biggest monthly rally since September 2010, after Greek Prime Minister Lucas Papademos said major progress has been made in debt-swap talks and Japan’s industrial production grew faster than economists estimated.

Read More..

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NFL: Panthers Make 1st Logo Change Since Joining The League

The Carolina Panthers have had the same team logo since the team began playing in 1995. But that’s about to change, as the team announced the change on Sunday evening during the Pro Bowl.

“We have one of the finest and most recognizable logos in the NFL and wanted to make it as modern as possible without losing the dramatic essence of the mark,” said Carolina Panthers President Danny Morrison. “It is a cleaner style that is easier to read and should be more applicable to different uses.”

SOURCE

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Here’s the real winner of this year’s Super Bowl

The Super Bowl is the mecca of all holidays for me. OK, so it’s not an actual holiday, but you couldn’t drag me out of my house kicking and screaming if the Super Bowl is on TV.

It’s also the mecca of all days for networking company NBC, owned by Comcast (CMCSA +0.11%), because it will be raking in an average of $3.5 million per 30 seconds for the rights to advertise during the Super Bowl. Advertising prices have risen 50% in just the past 10 years, and ads are expected to generate in the neighborhood of $250 million just from this one game.

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A Busy IPO Year

Eight companies are expected to go public this week alone, including two technology companies and four in the energy sector. “Barring a market selloff and or geopolitical events, 2012 is shaping up to busy year, and in my opinion should easily surpass last year’s IPO quantity,” according to Scott Sweet of IPO Boutique.

Facebook reportedly plans to file IPO documents on Wednesday, in what’s bound to be the biggest deals in years. Read more about Facebook’s potential filing and valuation.

The 2012 pipeline itself is filling up fast, with 17 new U.S. IPO filings so far since the beginning of the year — the busiest since 2005, according to Renaissance Capital.

Full Story

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Asia Rises From Weak Open

SYDNEY (MarketWatch) — Asia stocks notched mild gains Tuesday, as the Japanese market got a boost from manufacturing firms, and Australia’s Woolworths Ltd. helped lead retail gains in Sydney. Full Article 

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NFL: Ochocinco Drops $28,000 On Gifts To Teammates

As the New England Patriots make that long, harrowing, three-hour trip from Boston to Indianapolis for the Super Bowl, they can do it in engrossed in their music. That’s thanks to a gift from receiver Chad Ochocinco, who is participating in the first Super Bowl in his career.

The Boston Herald reports that Ochocinco dropped around $28,000 on Beats by Dre Headphones for every member of the team. The headphones, widely regarded as the best in the industry, were designed by rapper Dr. Dre. The version Ochocinco picked out for the team produce a “clean, yet forceful sound.”

Source

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Stocks have extended their upturn

Stocks have extended their upturn in recent trade. The effort has dashed the losses of the major equity averages, putting them at fresh session highs. Between the Dow, S&P 500, and the Nasdaq Composite, the Nasdaq has done the best job of working its way higher. It actually came within close reach of the neutral line only minutes ago. Its relative strength comes with help from large-cap tech issues like Microsoft (MSFT 29.56, +0.33) and Apple (AAPL 453.03, +5.75).

Market Update

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Market Update

The stock market slid sharply in the opening minutes of trade, but support for the S&P 500 near 1300 has helped stocks pare their losses.

Without any uplifting corporate reports and some generally underwhelming personal income and spending numbers, market participants turned to selling this morning. Their efforts came in conjunction with weakness abroad and frustration related to Greece’s ongoing struggle to strike a compromise with its creditors. Reports continue to suggest that the country may not be given additional bailout funding without proof of progress in its austerity efforts.

Early selling quickly put the stock market on pace for its poorest performance of the past month, but selling pressure began to ease once the S&P 500 found technical support near the psychologically significant 1300 line.

Although the major averages have moved up from their morning lows, losses remain sizable. Of the major sectors, only telecom is sporting a gain. The sector has worked its way up to a 0.2% gain. Tech stocks actually poked into positive territory earlier, but the sector has since struggled to sustain the move. As such, it is currently narrowly below the neutral line.

Financials continue to wrestle with concerted selling, which has left the sector 1.5% lower on the session. Diversified financial services stocks have been hit particularly hard.

Market Update

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Telecom stocks have made a sudden swing higher

Telecom stocks have made a sudden swing higher. Collectively, they are now at their best level of the day, sporting a 0.3% gain, which makes them the best performing sector of the session. The move by telecom comes as integrated plays AT&T (T 29.26, +0.10) and Verizon (VZ 37.49, +0.28) garner support after finishing trade on Friday at weekly lows. Last week each company posted earnings that came short of the consensus.

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Market Update

Stocks are off of session lows, but weakness persists. The action has stoked volatility, such that the Volatility Index is up about 6% to almost 20. Earlier this morning the VIX managed to clear 20 for the first time in little more than a week. The average level for the VIX this month is only narrowly north of 21.

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