'The Map and the Territory' by Alan Greenspan New York Times Alan Greenspan, the former Federal Reserve chairman, writes in his new book, "The Map and the Territory," that he has been thinking about bubbles since the financial crisis of 2008. Specifically, he has been trying to understand why he and so many other ... | |
Sales of Existing Homes Declined by 1.9% in September New York Times WASHINGTON — Americans bought fewer existing homes in September than in the previous month, held back by higher mortgage rates and rising prices. The New York Times. The National Association of Realtors said on Monday that sales of previously ... | |
Stocks close mixed; S&P 500 at all time high USA TODAY Stocks kicked off the week little changed Monday but the Standard & Poor's 500 index was able to edge up to close at a new all time high. The S&P 500 rose 0.16 point to close at a record high of 1,744.66. The Dow Jones industrial average fell 7.45, or 0,1%, ... | |
Philips Profit Beats Estimates on China Health-Care Demand Businessweek Royal Philips NV (PHIA), the world's largest lighting manufacturer, reported third-quarter profit that beat analyst estimates as growing health-care orders in China offset slowing demand from Europe. Earnings before interest, taxes, amortization and one-time ... | |
SAP Software Revenue Drops as License Sales in Americas D Bloomberg SAP AG, the biggest maker of business-management software, reported a second consecutive quarterly decrease in license sales as currency swings ate into revenue in Asia and the Americas. Third-quarter software licenses, an indicator of future income, fell ... | |
EDF Agrees on Deal to Build First UK Nuclear Plant Since 1995 Businessweek Electricite de France SA will build the U.K.'s first nuclear reactors since 1995 after reaching a deal with the government on guaranteed prices for the power they'll generate. EDF, together with partners Areva SA (AREVA) and two Chinese nuclear companies, ... | |
Discover Financial's Profit Falls 8 Percent in 3Q ABC News Discover Financial Services' net income fell 8 percent in the third quarter, as the lender set aside more funds to cover potential loan losses. The credit card issuer also said Monday that sales volume for its namesake credit card rose 3 percent to about $28 ... | |
JC Penney Narrows Martha Stewart Deal While Losing Board Seat Businessweek J.C. Penney Co. (JCP:US) amended its agreement with Martha Stewart Living Omnimedia Inc. to a narrower range of products and said it would give up its seat on the homemaking maven's board. Martha Stewart Living will continue to design branded window ... | |
McDonald's earnings up slightly; wings not mighty in sales Los Angeles Times McDonald's released its third quarter earnings Monday and reported a 5% increase in profits from last year, but the company anticipates a "relatively flat" outlook for October and it appears those Mighty Wings are not living up their name in sales. McDonald's ... | |
Obama to call healthcare website glitches 'unacceptable' as fix sought Reuters By Jeff Mason and Lucia Mutikani. WASHINGTON | Sun Oct 20, 2013 6:13pm EDT. WASHINGTON (Reuters) - President Barack Obama will declare the glitches in a new healthcare website "unacceptable" on Monday and outline ways for consumers to sign ... | |
10 Things to Know for Tuesday Washington Post Your daily look at late-breaking news, upcoming events and the stories that will be talked about Tuesday: 1. WHO'S FRUSTRATED OVER HEALTH CARE ROLLOUT. Geese of the Landi GmbH poultry farm are driven to their barn on October 21, ... | |
Gannett net income falls 40% on lower ad sales USA TODAY Gannett, a media company that owns TV stations and newspapers nationwide including USA TODAY, said Monday its third quarter net income fell 40% from a year ago to $79.7 million as advertising sales fell at its publishing and broadcasting divisions. | |
China Formally Arrests Rich Activist Businessman TIME (BEIJING) — Chinese authorities have formally arrested a wealthy Chinese businessman who was a key supporter of a civil society group that's been the target of a wide-ranging crackdown this year, his lawyer said Monday. Beijing prosecutors approved the ... | |
Starbucks Draws Criticism From China State TV for High Pricing Bloomberg Starbucks Corp. (SBUX), the world's largest coffee chain, drew criticism from China Central Television for pricing products in the country above other markets, the latest international brand to draw scrutiny from state-run media. The company is among foreign ... | |
JP Morgan 'record fine' explained BBC News US investment bank JP Morgan is facing a record fine of more than $13bn - some £8bn - to settle investigations into its mortgage-backed securities. The potential settlement comes a month after the company was fined £1bn for the "London Whale" scandal, ... | |
In more homes, the roof overhead is rented USA TODAY In the aftermath of a historic housing bust, rented single-family homes are on the rise in communities from coast to coast. At least a fifth of all occupied single-family homes were rentals last year in 32 of the nation's top metropolitan regions, according to a USA ... | |
Twitter quitters dog IPO Reuters By Alexei Oreskovic. SAN FRANCISCO | Sun Oct 20, 2013 8:03am EDT. SAN FRANCISCO (Reuters) - Retired schoolteacher Donald Hovasse signed up for Twitter about a year ago at the urging of his daughter. He lost interest after trying the service a few ... | |
Japan delaying cleanup of towns near nuclear plant Businessweek TOKYO (AP) — Radiation cleanup in some of the most contaminated towns around Fukushima's nuclear power plant is far behind schedule, so residents will have to wait a few more years before returning, officials said Monday. Environment Ministry officials ... | |
Akzo Profit Beats Estimates as Efficiency Drive Gains Traction Businessweek Akzo Nobel NV (AKZA), the Dutch maker of chemicals and Dulux paint, reported third-quarter profit that beat analysts' estimates as costs to improve its household paint business eased and planned savings began to trickle in. Earnings before interest, taxes, ... | |
China Inc. Battles Big Oil for Century's Biggest Find Bloomberg For Chinese oil companies, competing in Brazil's auction today for the giant Libra field represents a change in strategy. A successful bid would be their riskiest Latin American investment. Cnooc Ltd. (883) and China National Petroleum Corp. are among ... | |
Delayed Sept. US Jobs Report to Be Issued Tuesday ABC News After a 2 ½ -week delay, the government on Tuesday will issue the September employment report, providing a snapshot of the job market's health before the 16-day partial government shutdown. The report will help answer some questions about the direction ... | |
European Factors to Watch-Shares to set new 5-yr high, focus on Fed, earnings Reuters Mon Oct 21, 2013 12:06pm IST. LONDON Oct 21 (Reuters) - European shares were likely to set a new five-year high on Monday, with another record peak on Wall Street and expectations the U.S. Federal Reserve will press on with its easy monetary policy ... | |
Former UBS Official Is Arrested in Tax Probe Wall Street Journal Raoul Weil, once the No. 3 official at Switzerland's UBS AG, has been arrested in Italy based on an Interpol notice requested by U.S. authorities, according to a U.S. official. The U.S. plans to seek his extradition from Italy to face charges of helping conceal ... | |
'Tech Surge' Planned to Fix Obamacare Exchanges Wall Street Journal The Department of Health and Human Services said Sunday it was bringing in outside help to resolve some of the technical woes that have beset the federally run insurance exchanges, which the agency acknowledged "has not lived up to the expectations of ... | |
Big insurers avoid many state health exchanges USA TODAY So few insurers offer plans on some of the new government health insurance exchanges that consumers in those states may pay too much or face large rate increases later, insurance experts say. An average of eight insurers compete for business in 36 states ... | |
Chinese city blanketed in heavy pollution AFP Beijing — Choking clouds of pollution blanketed a Chinese city famed for its annual ice festival Monday, reports said, cutting visibility to 10 metres (33 feet) and underscoring the nation's environmental challenges. Footage from Harbin on state broadcaster ... | |
What's Wrong With Private Insurance? Forbes Senate Majority Leader Harry Reid, D-Nev., and House Speaker Nancy Pelosi, D-Calif., both announced this week that Democrats' health reform bills will contain a "public option," a government-run insurance plan that will compete with private insurers. | |
Earnings peak week to overshadow economic data MarketWatch Investors will be able to focus more on corporate fundamentals as third-quarter earnings season enters its peak week without the distractions of a government shutdown or pending U.S. debt default. See full story. | |
Japan's Exports Weaker Than Expected Bloomberg Oct. 21 (Bloomberg) –- Bloomberg's Zeb Eckert reports on Japan's September trade deficit numbers which continue to widen. He speaks to Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg). Please enable JavaScript to view the comments ... | |
Silk Road shutdown doesn't spell the end for Bitcoin Sydney Morning Herald After a torrent of bad news, the digital currency Bitcoin has survived to fight another day. According to one economist, the next battle is likely to be with the government. Bitcoin is an open-source, decentralised, digital currency, whose production is designed to ... | |
Why Europe's banks tremble UPI.com DUSSELDORF, Germany, Oct. 21 (UPI) -- Europe's banks and financial officials are all awaiting, in a mix of hope and trepidation, to learn just how the European Central Bank proposes to assess the solvency of Europe's banks. The procedure goes by the ... | |
JPMorgan investor quandary deepens with $13 billion swipe Economic Times Add in almost $20 billion of other legal and operational missteps since 2010 - including 2012's London Whale trading hit - and his risk-management and M&A skills look almost as bad as those of former Bank of America boss Ken Lewis. ET SPECIAL:. | |
J.C. Penney to open at 8 p.m. on Thanksgiving The Missoulian J.C. Penney plans to open its stores at 8 p.m. on Thanksgiving Day, matching Macy's new time. Last year, Penney stores opened at 6 a.m. on Black Friday, missing early shoppers who went to Macy's and Kohl's for their midnight openings. Then-CEO Ron ... | |
School districts wary of social media MetroWest Daily News A high school where teachers tweet homework assignments and students "like" their English class's Facebook page may never exist. Social media's place in the classroom has not yet been defined, school officials say. While trying to see the numerous ... | |
Pressure Mounts on Nissan as UAW Targets US Plant IndustryWeek The UAW has never managed to organize workers at the plants of foreign automakers except in a handful of joint ventures with unionized General Motors, Ford or Chrysler. Oct. 20, 2013 Agence France-Presse · EMAIL · Tweet. Comments 0. The UAW 's efforts ... | |
Obama Administration Addresses Health Care Website Fumbles WBUR The Obama administration has started to confront the many technological problems that have hampered the roll out of the new health care law. "I think that there's no one more frustrated than the president at the difficulty in the website," Treasury Secretary ... | |
Stock indexes at new record highs optionMONSTER Research The S&P 500 added 11.35 points to close at 1744.50, a record high close. It climbed pretty much all day into the afternoon and finished just off the session high of 1745.31. It has support at 1660. The Nasdaq 100 surged 52.60 points to 3353.88, a new 13-year ... | |
Yahoo's 3Q earnings, revenue drop Las Vegas Sun Yahoo's latest quarterly results show the Internet company is regaining its appeal among investors a lot faster than with the online advertisers who generate most of its revenue. The numbers released Tuesday are the latest to underscore CEO Marissa Mayer's ... | |
How J.C. Penney Can Avoid Bankruptcy DailyFinance Not too long ago, J.C. Penney , down 62% so far this year, was one of the strongest American department store chains on the market. Founded in 1902, J.C. Penney survived the Panic of 1907, the Great Depression in the 30's, and even the post-Lehman ... | |
Great American desert Hutchinson News For years, Kansas and Nebraska have squabbled over water, because for years Nebraska irrigators have pumped too much water from the massive Ogallala Aquifer. The result has been reduced streamflow in the Republican River, which feeds from ... | |
China home sales to rise at least 11pc this year as wealthy buy, says Sunac South China Morning Post Mainland developer Sunac China, in which United States buyout firm Bain Capital holds a stake, expects home sales to rise at least 11 per cent this year amid strong demand from rich buyers. The developer's home sales would exceed 50 billion yuan ... | |
Goldman Sachs Group Inc (GS): Book Review- 'What Happened To Goldman ... Seeking Alpha Author, Steven G. Mandis focuses on the theme of "organizational drift." He explores how and why the firm changed its philosophy from focusing on ethical standards to struggling with legal issues as it flourished into a global financial powerhouse. Research: ... | |
The Secret to Netflix's Future Motley Fool The rebirth of Netflix (NASDAQ: NFLX ) has been one of this year's big stories on Wall Street. With Netflix spending so much time in the financial press, most aspects of the company have been covered extensively. However, one secret statistic consistently ... | |
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