Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5327465 for the full story.

The January search data from comScore is out, and Microsoft's Bing is now has 11.3 percent of the U.S. search market, the firm claims. Yahoo's share continued to slide, with the current No. 2 vendor now at 17 percent. Google also slightly declined, with 65.4 percent of the U.S. market....

The January search data from comScore is out, and Microsoft's Bing is now has 11.3 percent of the U.S. search market, the firm claims. Yahoo's share continued to slide, with the current No. 2 vendor now at 17 percent. Google also slightly declined, with 65.4 percent of the U.S. market....

See the rest of the story here.

Theflyonthewall.com is Wall Street's specialist in breaking equity news. Veteran traders build a proprietary feed of news that's faster and more relevant than any other source. Try us for free and discover for yourself.

• All eyes turn to Greece. Everyone's waiting to see if Europe will take action to rescue Greece. German officials admitted they were considering a "firewall" to prevent Greece's debt crisis from spiralling out of control. Some sources said European governments had agreed “in principle” to help Greece, probably on a bilateral basis through loan guarantees, while other government sources rejected those reports as "unfounded." However, there's little left other than bilateral action because the European Investment Bank has ruled out its involvement in a bailout, direct EU aid has been eliminated as a possibility and the European Commission vetoed suggestions of IMF involvement. If Greece is indeed bailed out, it will mark the first rescue of a eurozone member since the currency was launched 11 years ago.
• Goldman's role in the Greek debt crisis. As reported in Der Spiegel, Goldman Sachs (GS) played a key role in helping Greece hide its true debt levels. In 2002, a heavily indebted Greece reached a deal with Goldman for cross-currency swaps, in which government debt issued in foreign currencies was swapped for euro debt for a certain amount of time and then exchanged back to the original currencies. Greece and Goldman "devised a special kind of swap with fictional exchange rates," creating additional credit of up to $1B for Greece. Goldman Sachs declined to comment on the matter.
• Honda's recalls. Honda (HMC) announced a recall of 437,763 vehicles worldwide because of defective airbags that can rupture and send shards towards a driver in an accident. The move is in addition to a recall of 646,000 cars less than two weeks ago for a faulty window switch that caused one of its cars to become engulfed in flames, leading to a fatality.
• Air Products' buyout bid up in the air. Airgas (ARG) formally rejected a takeover proposal from Air Products and Chemicals (APD), saying the $5.1B offer significantly undervalues the company and isn't in the best interest of shareholders. Air Products responded that the rejection was "remarkable" considering Airgas missed earnings forecasts and warned about its profit outlook last month. This is the third time Airgas has rejected an advance by Air Products, which may prompt Air Products to head straight to Airgas shareholders with a tender offer.
• Citi tips its cap to energy credits. Citigroup (C) and Russian gas giant Gazprom reached a potentially pioneering deal to purchase energy credits from three heating utilities in Tianjin, China, that had outperformed efficiency targets. Though the deal is small, with the energy savings worth just $73,250, the arrangement is significant because it could mark the beginning of a fully implemented cap-and-trade market in China.
• Micron buys Numonyx in a flash. Micron (MU) said it will buy privately-held Numonyx Holdings in an all-stock deal worth around $1.3B. Numonyx, which is majority owned by Intel (INTC) and STMicroelectronics (STM), is the world's third-largest maker of flash-type memory chips. An existing relationship between Numonyx and Hynix Semiconductor, the world's No. 2 memory chipmaker, could help Micron catch up with larger rivals Samsung and Toshiba (TOSBF.PK).
• MetLife's Alico talks advance. MetLife (MET) is reportedly negotiating to pay AIG (AIG) roughly $15B in stock and cash for its Alico unit, and may receive a $5B bridge loan to cover some of the cash payment. Sources say a deal could be reached as soon as tomorrow. Premarket: AIG +0.6% (7:00 ET).
• Suncor makes progress with BC Foothills. Suncor Energy (SU) agreed to sell some of its British Columbia Foothills assets to Canada's Progress Energy Resources for C$390M ($366M). Progress CEO Michael Culbert said he viewed the assets "as high quality legacy properties with significant conventional and unconventional upside potential."
• S&P warns on BofA, Citi. S&P warned yesterday that it might downgrade Bank of America (BAC) and Citigroup (C) from their single-A credit ratings, revising its outlook (I, II) on the firms to negative from stable. The ratings firm is concerned that a proposed overhaul of U.S. financial rules would lessen the chances of future government bailouts should the firms one day need them.
• Paulson, Buffett praise intervention. Speaking together at a meeting of the Greater Omaha Chamber, Warren Buffett and former Treasury chief Henry Paulson praised government leaders for getting involved in the markets during the financial crisis. Paulson said U.S. employment could have reached 25% if not for government intervention in financial markets and the broader economy. Buffett credited Paulson, Bernanke and Geithner as being among those who helped save the financial system by acting decisively.
• 20% of mortgages are underwater. One in five U.S. mortgages were underwater in Q4, real estate website Zillow.com reported this morning. Home values continued to fall, marking the 12th consecutive quarter of year-over-year declines. "The prevalence of markets in or near a double-dip situation shows that we are not yet at the bottom, in terms of home values," said Stan Humphries, Zillow chief economist.
• Junk bond defaults dropping. The global default rate on junk bonds fell to 12.5% in January from 13% in December, and Moody's believes the default rate will fall to 3% within a year if the global economic recovery continues apace. If the recovery loses steam and credit spreads widen, default rates will be closer to 7.1% within a year.
• Chinese imports surge. China's imports jumped a record 85.5% in January from the year before, the third monthly increase in a row as domestic demand signals its strength. Exports rose 21% from the year before, which marked the second monthly advance after 13 months of declines and which may spur other countries to continue pushing for a stronger yuan. However, exports fell 16.3% from the month before, which could give ammunition to Beijing officials who want to keep the yuan steady.
• Google abuzz about new Gmail feature. Google (GOOG) launched a new service, called Google Buzz, which will allow users to follow online social updates by their friends directly through Gmail. The push towards social network development is meant to be a challenge to Facebook and other social media sites, but some feel the product will serve little use and question whether Gmail users will want updates on their contacts list rather than a network of friends. Meanwhile, Microsoft (MSFT) and Yahoo (YHOO) both touted their own existing social network components.
• Retail sales rise. Retail store sale rose 1.4% on a weekly basis and rose 1.8% from the year before, according to ICSC. Heavy weather tripped a stock-up effect for groceries, lifting the weekly numbers, while the yearly rate got a boost by a calendar shift for the Super Bowl. Redbook's chain store sales got a similar lift from the Super Bowl, and from sales of TVs, snacks and beverages. Sales were up 2% vs. the previous year, as compared to +0.8% last week.
• Inventories fall. Wholesale Inventories declined 0.8% in December, falling short of the +0.5% expected, and the +1.6% prior (revised). Wholesale sales were up 0.8% to $341.2B, vs. last month's +3.6% (revised).
• Consumer confidence edges up. ABC's Consumer Comfort Index registered -48, rising back up a point from last week. Positive ratings of the national economy slipped again, falling to 8%. However, the number rating personal finances positively rose to 47% from 45%, and 23% now say it's a good time to buy things, vs. 22% last week.

Earnings: Wednesday Before Open

• ArcelorMittal (MT): Q4 EPS of $0.68 beats by $0.41. Revenue of $18.6B (-15.6%) vs. $19B. Shares -5.6% premarket. (PR)
• Discovery Co (DISCA): Q4 EPS of $0.36 in-line. Revenue of $964M (+6.6%) vs. $943M. (PR)
• Elan (ELN): Q4 EPS of -$0.10 misses by $0.02. Revenue of $300M (+11.2%) vs. $296M. (PR)
• Jones Apparel Group (JNY): Q4 EPS of $0.11 in-line. Revenue of $777M (-8.3%) vs. $785M. (PR)
• Talisman Energy (TLM): Q4 EPS of $0.07 in-line. Revenue of $1.8B (+2.9%) vs. $1.78B. (PR)

Earnings: Tuesday After Close

• Baidu.com (BIDU): Q4 EPS of $1.80 beats by $0.12. Revenue of $185M (+40%) vs. $180M. Sees Q1 sales of $176M-181M vs. $170M. "With the transition to [new paid-search system] Phoenix Nest now behind us, we will focus on investing in both sales and marketing and R&D." Shares +8.9% AH. (PR, earnings call transcript)
• Disney (DIS): FQ1 EPS of $0.44 beats by $0.06. Earnings include impact of impairment charges and sales gain for a net -$0.03/share. Revenue of $9.74B (+1%) vs. $9.66B. Media Networks sales +7% to $4.175B. Parks and resorts sales flat; studio sales -1% to $1.935B. Ad rates at ABC TV are up 30% from last summer's upfronts. ESPN rates are up in the mid-single-digits. Studio operating income grew 30% on just 1% lower revenue. The company cut costs from a year ago. Shares +1.9% AH. (PR, earnings call transcript)
• EOG Resources (EOG): Q4 EPS of $0.92 misses by $0.06. Revenue of $1.8B (+8%) vs. $1.3B. Raises quarterly dividend 7%. (PR)
• UDR Inc. (UDR): Q4 FFO of $0.29 beats by $0.01. Sees fiscal 2010 FFO of $1.00-1.07 vs. $1.08. Revenue of $150M (flat) vs. $148.5M. Shares -3.9% AH. (PR)
• XL Capital (XL): FQ3 EPS of $0.69 misses by $0.01. Results exclude $254.8M of after-tax net realized losses; operating income was $235.8M. Revenue of $1.45B (+31%) vs. $1.16B. Shares -1.3% AH. (PR, earnings call transcript)

Today's Markets

• In Asia, Nikkei +0.3% to 9964. Hang Seng +0.7% to 19922. Shanghai +1.1% to 2983. BSE -0.8% to 15922.
• In Europe at midday, London +1.3% to 5176. Paris +1.4% to 3662. Frankfurt +1.4% to 5577.
• Futures: Dow +0.2% to 10024. S&P +0.21% to 1069. Nasdaq +0.24%. Crude flat at $80.17. Gold -0.3% to $1170.90.

Wednesday's Economic Calendar

• 7:00 MBA Mortgage Applications
  8:30 Trade Balance
  9:30 Tarullo: Systemic risk
  12:45 PM Plosser: Lessons of the Financial Crisis
  1:00 PM 10-Yr Note Auction
  1:20 PM Fisher: The Economic Landscape of 2010
• Notable earnings before Wednesday's open: CCE, DF, DISCA, ELN, ICE, JNY, LPX, LVLT, MMC, MT, NYT, OMC, S, TLM, WYN
• Notable earnings after Wednesday's close: ALL, AMKR, ARRS, ATVI, BMR, BSX, HIW, MAS, O, PRU, XRAY

Seeking Alpha editors Eli Hoffmann and Jason Aycock contributed to this post.

Complete Story »

Microsoft's Bing is steadily capturing more of the Web search market, siphoning users away from market leader Google, as well as from its new partner, Yahoo. According to comScore's SCOR January 2010 core search volume and market share data for the U.S.â??as reported by J.P. Morgan's Imran Khan, Bing's share...

Microsoft's Bing is steadily capturing more of the Web search market, siphoning users away from market leader Google, as well as from its new partner, Yahoo. According to comScore's SCOR January 2010 core search volume and market share data for the U.S.â??as reported by J.P. Morgan's Imran Khan, Bing's share...

China's leading search engine continues its explosive growth.

Can there be such a thing as bad buzz? If so, web giant Google GOOG may have just stepped into it, with the unveiling of a new social networking product unfortunately called Google Buzz. (Memo to Mountain View, Calif: Yahoo YHOO already has a product called Buzz, geniuses.) Initial reactions...

Can there be such a thing as bad buzz? If so, web giant Google GOOG may have just stepped into it, with the unveiling of a new social networking product unfortunately called Google Buzz. (Memo to Mountain View, Calif: Yahoo YHOO already has a product called Buzz, geniuses.) Initial reactions...

Can there be such a thing as bad buzz? If so, web giant Google (GOOG) may have just stepped into it, with the unveiling of a new social networking product unfortunately called Google Buzz. (Memo to Mountain View, Calif: Yahoo (YHOO) already has a product called Buzz, geniuses.) Initial reactions to Buzz were not positive -- and Google received a spirited mocking from rivals Yahoo and Microsoft (MSFT), which backs Facebook. In fact, Google's new social offering may be too little, too late to stem the explosive growth of Facebook and Twitter.

Continue reading Google's Bad Buzz: Microsoft, Yahoo Mock New Social Product

Google's Bad Buzz: Microsoft, Yahoo Mock New Social Product originally appeared on DailyFinance on Tue, 09 Feb 2010 18:15:00.

Filed Under: Google , Microsoft, Facebook

Google GOOG officially unveiled Buzz, their major step into social statuses through Gmail today at an event held at 10 AM PT. Within the hour, Yahoo PR was set in motion to let everyone know that they actually did this first, almost a year ago. Here's the humorous email that...

Google GOOG officially unveiled Buzz, their major step into social statuses through Gmail today at an event held at 10 AM PT. Within the hour, Yahoo PR was set in motion to let everyone know that they actually did this first, almost a year ago. Here's the humorous email that...

TechCrunch submits:

By MG Siegler

Google (GOOG) officially unveiled Buzz, their major step into social statuses through Gmail today at an event held at 10 AM PT. Within the hour, Yahoo PR was set in motion to let everyone know that they actually did this first, almost a year ago.

Complete Story »

Andy Beal submits:

Complete Story »

Yahoo (YHOO) didn't wait for Google's (GOOG) press conference announc Google Buzz to end before sending us an email on Yahoo Updates -- the Yahoo product that does almost exactly the same things, and has been around for over a year.

Here's the email:

Read the rest of this story »

See Also:

• The Truth About Google Buzz: It's Late, Boring, And Lame
• Watch A Demo Of Google Buzz
• Google's Lame Facebook-Killer Is Called "Google Buzz"

Telecommunication carriers are starting to eye search engine companies such as Google, Yahoo, and Microsoft potential new revenue sources. by Erik Sherman

Telecommunication carriers are starting to eye search engine companies such as Google, Yahoo, and Microsoft potential new revenue sources. by Erik Sherman

Airlines and hotels have a long way to go before their online presence can outcompete online travel agencies like Expedia, Travelocity and Priceline.com -- until they can, only those third-party companies will reap the benefits by Barbara E. Hernandez

Airlines and hotels have a long way to go before their online presence can outcompete online travel agencies like Expedia, Travelocity and Priceline.com -- until they can, only those third-party companies will reap the benefits by Barbara E. Hernandez