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EURUSD Range Set Within a Much Larger Trend Channel
Range setups are extraordinarily difficult to find give current market conditions; and it is very important not to try and force trades that do not fit the market. With a predominately trend-based pace and the risk appetite wavering, the potential for breakouts into much larger moves is very high. Under these circumstances, it is best to shorten your time frame and follow the larger trend.
Daily FX

Earnings down again at Zions
The nationwide recession continued to batter Zions Bancorporation, the parent of Utah-based Zions First National Bank, which Monday posted its fourth straight quarterly loss.
The Salt Lake Tribune

3SBio Inc. Announces Results of Annual General Meeting
SHENYANG, China, Oct. 20 /PRNewswire-Asia-FirstCall/ -- 3SBio Inc. (Nasdaq: SSRX) ('3SBio' or 'Company'), a leading China-based biotechnology company focused on researching, developing, manufacturing and marketing biopharmaceutical products, today announced the results of its annual general meeting of shareholders held on October 12, 2009.
prnewswire.com

France proposes bank levy
Finance minister rejects National Assembly motion on taxation of profits and will seek alternative based on bank size
FT

Andrew C. Levy Named President of Allegiant Travel Company
LAS VEGAS, Oct. 19 /PRNewswire-FirstCall/ -- Allegiant Travel Company (Nasdaq: ALGT) today announced Andrew C. Levy will expand his role with the Las Vegas-based travel company and will assume the title of President in addition to his current position as Chief Financial Officer. Maurice J. Gallagher Jr., who previously held the title, remains chief executive Officer and Chairman.
prnewswire.com

S&P lowers strength ratings on MGIC unit
MGIC's ratings remain on CreditWatch, where S&P had placed them with negative implications on May 19, New York City-based S&P said Monday.
Topix.net

ATA and Port of Long Beach Reach Settlement
ARLINGTON, Va., Oct. 19 /PRNewswire-USNewswire/ -- The American Trucking Associations (ATA) Executive Committee and the Port of Long Beach Harbor Commissioners have each approved a Settlement negotiated between Port officials and ATA and trucking industry representatives. The Settlement is based upon motor carrier registration process, referred to as a Registration and Agreement, which will replace the Port's Concession Agreement. The settlement is also expected to end litigation with the Port of Long Beach, however litigation with the Port of Los Angeles will continue.
prnewswire.com

NIIT Tech net down 12.4%
Delhi-based NIIT Technologies today posted a 12.4 per cent fall in its profit after tax (PAT) for the second quarter ended September 30, owing to a foreign exchange loss of $153 million (around Rs 700 crore). PAT stood at Rs 32.1 crore compared to Rs 36.7 crore in the year ago period. Consolidated revenues, at Rs 226.3 crore, were down 12 .5 per cent year-on-year from Rs 258.7 crore.
Business Standard

Enterprise Risk Management Professional Appointed by P&C Carrier, Completed by IPS Search, Inc.
CHICAGO and LONDON, Oct. 19 /PRNewswire/ -- IPS Search, Inc., the North American retained search division of London based IPS Group completed their national Enterprise Risk Management (ERM) search for a Multi Billion Dollar A - Rated (A.M. Best & Company) Property & Casualty Carrier.
prnewswire.com

Deyaar`s Q3 profit falls 74% compared to year earlier
Dubai-based developer Deyaar said it posted a 74% drop in third-quarter profit compared to the same period a year ago. However, the company said its net income, which fell to Dhs81.6m, represents an 8.4% increase from the Dhs75.3m of net income reported for the second quarter of this year.
AME

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