Bad news from the company that owns Sound Advice said Thursday it may file for Chapter 11 bankruptcy reorganization.

Tweeter Home Entertainment Group has nine Sound Advice stores in South Florida - West Palm Beach, Plantation, Pembroke Pines, North Palm Beach, Miami, Fort Lauderdale, Coral Gables, Boca Raton and Aventura.

The Canton, Mass.-based company is also the name sponsor on the Sound Advice Amphitheatre in West Palm Beach.

The electronics retailer also reported a red third quarter.

Tweeter (NASDAQ: TWTR - News) said it lost $35.2 million, or $1.38 a share, on revenue of $163.3 million for the for the period ended March 31. For the same period the year before, Tweeter said it earned $424,000, or 2 cents a share, on revenue of $186.8 million.

Tweeter said the loss was worsened by charges of $27.2 million for restructuring and $1.71 million for impairment.

The retailer said last month it planned to slash about 20 percent of its work force and close more than 40 stores in an effort to regroup.

Federal Reserve officials stressed on Friday the importance of keeping close watch on inflation expectations as a way to keep inflation in check and keep track of trends in the economy.

The U.S. economy added 97,000 jobs in February, the smallest gain in two years.

The trade deficit narrowed slightly in January as U.S. exports rose to an all-time high while imports dropped, sending a hopeful signal that the country’s trade imbalances may finally start to improve this year.

Strong demand for corn from ethanol plants is driving up the cost of livestock and will raise prices for beef, pork and chicken, the Agriculture Department said Friday.

China’s central bank, under pressure from the U.S. and other Group of Seven nations to make the yuan more flexible, will pursue a “stable currency policy'’ to promote economic growth thoughout 2007.The People’s Bank of China “will continue to strengthen and adjust financial control mechanisms, execute a stable currency policy, improve foreign exchange management and push for financial reforms and innovation,'’ Governor Zhou Xiaochuan said today. “We want to contribute to ensure stable and accelerated economic development.'’

With great Borat quotes like: “My mother, she never love me.  She say she wish she was raped by someone else.” and “I hope President Bush drinks the blood of every man, woman, and child in Iraq! ” the golden eggs (money) is soon to follow.

Sacha Baron Cohen’s fictitious reporter from Kazakhstan took-over the movie box office last weekend with an amazing 26.4 million dollars in only 850 theaters.  The movie itself was made for a mere 18 million dollars and during this weekends wider release (an additional 2000 sites) should take in another 55 million dollars.  It is not a stretch to say that this film will probably  hit the 100 million dollar mark before reaping the rewards of it’s DVD release.

Nice return on investment (ROI) I would say!  It just goes to show you don’t have to produce a 200 million dollar block-buster to make money at the box office nowadays.  Creativity and humor still have their place.

The 45-year old hockey fanatic and co-chief executive officer Ontario-based Research in Motion Ltd, Jim Balsillie has signed a purchase agreement to buy the Pittsburgh Penguins.As first reported Wednesday night, Mr. Balsillie is acquiring the Penguins for $175-million (U.S.) from a consortium of owners led by National Hockey League legend Mario Lemieux. He was in attendance in Pittsburgh for the home opener Wed. evening against the Philadelphia Flyers.

The remaining step for Balsillie is to get the approval from the NHL Board of Governors, a process expected to be completed this fall.

Rumours have swirled about Balsillie perhaps moving the team Hamilton, which is close to his home and RIM’s head office in Waterloo, Ont., but he indicated Thursday that he plans to keep the team in Pittsburgh, for now.

“Pittsburgh has shown itself to be an outstanding hockey market, and the team has an incredible tradition of success and fan support,” he said in a statement. “With young stars such as Sidney Crosby and Evgeni Malkin, we all know the Penguins have a very bright future on the ice. I look forward to owning this team for a long time in Pittsburgh.”

The NHL does not want the Penguins to move.  But if the new stadium does not materialize I think a move North is guaranteed.

Man investors still cling to a buy-and-hold mentality as a backlash against the day-trading debacle of the New Economy days in the late 1990s, that strategy has been alarmingly ineffective in the past five years.  Now the market experts are wondering if the market is on the cusp of another important shift.  During the past five years, more institutional investors have been employing timing models and sector-rotation strategies to benefit from the short-term upswings in the market, as well as raising their investments in hedge funds, according to market sources.  Buy-and-hold has an old-school charm, a conservative voice that sounds wise when speaking of patience.  But that’s because so many people making their living in finance today came of age professionally in the 1980s and 1990s, says James Paulsen, chief investment strategist at Wells Capital Management, an investment advisor that caters to institutional investors.   The buy-and-hold method works well in a bull market because the entire market has a general upward trend, so a portfolio manager does not have be particularly good at stock picking to post positive results, Paulsen says.  The market was in a bull run from 1982 to 2000, proving all those buy-and-holders right but with the future looking so uncertain a new spin on this old strategy might be called for in my own personal finance.

It’s been more than a month since Rydex Investments launched 6 currency-based exchange-traded funds on the New York Stock Exchange and many industry experts agree on at least one thing: This is just the tip of the iceberg. “I think you will see more ETFs come to market, based upon how the initial currency ETFs are received and how they are used,” says Kevin Rich, a director in the Currencies and Commodities Complex Risk Group at Deutsche Bank, and chief executive officer of DB Commodity Services, the managing owner of the DB Commodity Index Tracking Fund. “Investors now, broadly speaking, are looking for diversification ideas,” says David Reilly, director of portfolio strategy at Rydex. “Everybody has done the stock-bond diversification approach, and with all the interest in alternatives,’ we thought the time was right to look at currencies as an asset class.” Rydex’s new CurrencyShares products will track the price movements of their associated underlying currencies: the Australian dollar, British pound sterling, Canadian dollar, Mexican peso, Swedish krona and Swiss franc. Since Rydex introduced its first currency-based ETF, the Euro Currency Trust (NYSE: FXE), in December, Deutsche Bank also has sought entry into the arena.  Many more are expected to follow.

Oil surges to new highs while the US jobless rate remains steady at 4.6%.

AMD warns second quarter profits will be less than forecasted because of weak chip sales.

According to published reports, Microsoft (MSFT) is getting close to the roll-out stage of its competitor to Apple’s iPod, which will be capable of downloading songs wirelessly, something that current iPod models don’t do.  The Microsoft device is said to be ready to reach retail shelves for the Chistmas season which is usually the highest selling potion of the year for the computer and electronics industries.

The DJIA is set to open at 11,090.67 Monday morning,  the Nasdaq is set to open at 2,130.06 and S&P 500 at 1,265.48.  the Canadian Market the TSX is set to open at 11,631.91.

Have a great and profitable week!