Government shutdown puts a wrench in housing market Los Angeles Times Jay Joerger was set to close a long-planned sale of his Palm Springs condominium this week until he was blindsided by an unexpected problem: the shutdown of the federal government. The condo sits on land owned by an Indian tribe, so the sale must be ... See all stories on this topic » | |
China central bank says 2013 GDP growth to exceed 7.5 percent: Xinhua Reuters BEIJING | Fri Oct 11, 2013 12:39am EDT. BEIJING (Reuters) - China's economic growth should exceed 7.5 percent this year, deputy central bank governor Yi Gang was quoted by Xinhua as saying, the latest expression of confidence from Beijing that the ... See all stories on this topic » | |
Markets Are Anxious Over Fears of Default Wall Street Journal The debt-ceiling standoff has plunged large swaths of the markets into uncertainty, highlighting the vulnerabilities of the financial system and the government's continued role in it five years after the 2008 crisis. On the surface, investors appear to have ... See all stories on this topic » | |
Dow closes up more than 300 on budget thaw USA TODAY Stocks skyrocketed Thursday as investors were encouraged by talk of a deal that may avert a U.S. government default. The Dow Jones industrial average jumped 323 points, or 2.2%, to 15,126 . The Standard & Poor's 500 index gained 37 points, or 2.2%, ... See all stories on this topic » | |
China Reports Unexpected Drop in September Exports ABC News China's exports suffered an unexpectedly sharp decline in September amid weak global demand but imports grew. Exports fell 0.3 percent to $185.6 billion, a customs official said at a news conference. That fell short of private sector forecasts of growth at least ... See all stories on this topic » | |
Alaska crabbers face 'fishing cliff' The Seattle Times The Alaska crab season is set to open Oct. 15. But the crab fishermen and women can't set out for their catch until they get permits from the National Marine Fisheries Service, which is closed due to the federal government shutdown. By Kyung M. Song. Seattle ... See all stories on this topic » | |
Fed's Powell: Market now prepared for taper MarketWatch WASHINGTON (MarketWatch) -Financial markets are now prepared for a scale back in U.S. central bank's stimulus program "when the economic outlook and the broader situation support it," said Fed Gov. Jerome Powell on Friday. Powell rejected criticism ... See all stories on this topic » | |
Hasn't the US defaulted before? Los Angeles Times That's the question raised by James Grant in a Washington Post op-ed, and his answer -- as anyone who knows Grant might expect -- is yes. His real point is that it happens all the time, in a way, and will inevitably happen in the future. "On the authority of the ... See all stories on this topic » | |
GOP debt limit offer gives Wall Street its biggest gains of the year Los Angeles Times The stock market staged its best rally of the year as lawmakers inched toward a deal that would temporarily stave off a government debt default. The Dow Jones industrial average surged 323.09 points after congressional Republicans proposed increasing the ... See all stories on this topic » | |
Infosys Q2 results: Stable growth returns; attrition worries rise Economic Times READ MORE ON » US government | proof | Narayana Murthy | Macquarie Securities | Infosys | environment | earnings. The 3.8% revenue growth in dollar terms was well above street estimates of about 3%, indicating that stability is returning to Infosys. (). See all stories on this topic » | |
Apple Inc looks to poach BlackBerry Ltd workers in Waterloo Financial Post Apple Inc. has all but destroyed BlackBerry Ltd.'s business model and now it's after the Canadian company's decimated workforce. In BlackBerry's hometown, coming layoffs hardly the economy killing tragedy many might have expected. Since its inception ... See all stories on this topic » | |
Raytheon wins US Navy radar deal worth up to $1.6 billion Reuters WASHINGTON | Fri Oct 11, 2013 12:03am EDT. WASHINGTON (Reuters) - The U.S. Navy on Thursday awarded Raytheon Co (RTN.N) a contract valued at up to $1.6 billion to design a next-generation air and missile defense radar for use on Arleigh Burke ... See all stories on this topic » | |
Jury: Toyota not liable for death of Calif. woman USA TODAY LOS ANGELES (AP) — A jury found Thursday that Toyota Motor is not liable for the death of a California woman who was killed when her 2006 Camry apparently accelerated and crashed despite her efforts to stop. Jurors deliberated for about five days before ... See all stories on this topic » | |
The Big Hole in Twitter's IPO Filing Wall Street Journal The Game columnist Dennis Berman has spent a week with Twitter's 120,000 word filing and he says that one major thing is missing. He joins digits. Have no fear, Twitter Inc. should be worth piles of money when it sells shares to the public. Back in February ... See all stories on this topic » | |
After High Demand, Royal Mail Shares Are Priced at High End New York Times Valued at $5.28 billion, Royal Mail is the biggest privatization since the British government sold Peter Macdiarmid/Getty Images Valued at $5.28 billion, Royal Mail is the biggest privatization since the British government sold the railways in the 1990s. See all stories on this topic » | |
Finance Chiefs Warn Against Failure in US Debt Deal Businessweek International finance chiefs welcomed signs U.S. lawmakers are working to resolve their debt spat as they warned failure to do so would hurt the world economy. Group of 20 officials meet in Washington today after House Republicans and the White House ... See all stories on this topic » | |
Forty Years After OPEC Embargo, US Is Energy Giant Bloomberg Forty years ago this month, the Organization of the Petroleum Exporting Countries proclaimed an embargo on oil exports to the U.S. as retaliation for its support of Israel in the Yom Kippur War. It would last only five months, but it haunts U.S. energy policy to ... See all stories on this topic » | |
Del Monte Pacific to Buy US Canned-Food Operations for $1.675B Wall Street Journal Philippines-listed Del Monte Pacific Ltd., majority owned by the country's wealthy Campos family, will acquire the canned-food business of U.S. Del Monte Foods in a $1.675 billion deal, the latest in a series of U.S. deals by homegrown Asian companies. See all stories on this topic » | |
US STOCKS-Wall St rallies, Republicans to offer short-term hike in debt limit Reuters Thu Oct 10, 2013 9:11pm IST. * CBOE Volatility index plunges 12 percent. * U.S. jobless claims at 6-month high but trend improving. * Indexes up: Dow 1.21 pct, S&P 1.25 pct, Nasdaq 1.50 pct. By Angela Moon. NEW YORK, Oct 10 (Reuters) - U.S. stocks ... See all stories on this topic » | |
PRECIOUS-Gold set for weekly loss on stronger dlr, US budget stand-off Reuters Fri Oct 11, 2013 12:24pm IST. * Gold on track for 1.5-percent weekly decline * Obama, Republicans aim to end budget crisis after meetings * Dollar near 2-wk highs, Asian stocks jump to 3-wk peak (Adds dollar move, updates prices) By A. Ananthalakshmi ... See all stories on this topic » | |
RPT-EPA may reduce ethanol blending volumes for 2014 -sources Reuters Thu Oct 10, 2013 11:57pm IST. By Cezary Podkul. NEW YORK Oct 10 (Reuters) - Federal environmental regulators are expected to significantly reduce their biofuel blending mandates for next year, marking a historic retreat from an ambitious 2007 law, ... See all stories on this topic » | |
What to watch in JP Morgan, Wells Fargo earnings MarketWatch NEW YORK (MarketWatch) — It's October, that time of year when a bank investor's thoughts turn to third-quarter earnings. They kick off Friday, when J.P. Morgan Chase & Co. and Wells Fargo & Co. report results. The general feeling? It's a quarter more for ... See all stories on this topic » | |
Here are 7 default doomsday scenarios CNBC.com Faced with some Republicans shrugging their shoulders at the thought of the U.S. defaulting on its debt obligations for the first time ever, notable economists are warning that the consequences would be the economic equivalent of a swarm of frogs and a ... See all stories on this topic » | |
The Ticker Boston Herald The Patrick administration has signed off on construction of a new 692-megawatt gas-fired power plant on the site of the existing Salem Harbor Station. The facility is expected to be one of the most efficient and lowest-emitting large gas-fired power plants in ... See all stories on this topic » | |
Exclusive: VW divided on union for US plant but worker vote a must Chicago Tribune DETROIT (Reuters) - Volkswagen AG's top executives are divided over whether and how workers at the company's Tennessee assembly plant should be represented by a union, but ultimately will insist on a formal vote by those employees, a person with ... See all stories on this topic » | |
WTAS: US Poised to be World's Largest Oil & Natural Gas Producer by Year's End NorthcentralPa.com "Northeast's Gas Boom Is Reshaping U.S. Energy Industry": More than one third of the U.S. natural gas production increase expected between 2013 to 2033 — some 9.1 billion cubic feet per day — will come from the Utica and Marcellus shale formations in ... See all stories on this topic » | |
Yellen to Be Chosen as Next Fed Leader vpsrvr Barack Obama, the president of US will name Janet Yellen (Vice Chair of Federal Reserve since 2010) as the next leader of the US central bank. With this nomination, she'll be the first woman chairman of the financial organization in its history of 100 years. See all stories on this topic » | |
Zuckerberg buys four houses near his Palo Alto home Vallejo Times-Herald PALO ALTO -- Living the fantasy of every homeowner who's faced the prospect of a nuisance project next door, Facebook's Mark Zuckerberg has bought four homes adjacent to his own 5-bedroom crash pad in one of Palo Alto's toniest neighborhoods. See all stories on this topic » | |
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