Bank of America warns of fresh US lawsuit CNN Bank of America says it is it is under increasing scrutiny from U.S. regulators over mortgage bonds. NEW YORK (CNNMoney). Another day, another potential lawsuit against Bank of America. BofA revealed in a securities filing Wednesday that staff from a U.S. ... | |
US Accuses Germany of Causing Instability New York Times The United States reprimanded Germany on Wednesday, saying its exporting prowess was hampering economic stability in Europe and also hurting the global economy. The Treasury said Germany should focus more on bolstering domestic growth in order to ... | |
China is on oil and gas shopping spree CNN Deep-pocketed Chinese energy firms have started to flex their muscles. They are snapping up foreign oil and gas companies at an increasing clip. Of the 10 biggest foreign mergers or acquisitions by Chinese companies this year, seven have been in the ... | |
Some Factories Stick With Old Health Plans Wall Street Journal Some small manufacturers facing soaring costs for employee health insurance say they are likely to continue coverage for their workers, even though they won't be required to under the Affordable Care Act. They are wary of discontinuing coverage and ... | |
US Gov't Posts Smallest Budget Deficit Since 2008 Fox Business Tax increases, spending cuts and a stronger economy nearly sliced America's budget deficit in half in fiscal 2013, lowering it to the lowest level since 2008, Treasury Department data showed on Wednesday. The federal government took in $75.1 billion more ... | |
Lack of enrollment workers hampers insurance exchange sign-ups Los Angeles Times A month into enrollment under the Affordable Care Act, hundreds of healthcare workers and insurance agents are still unable to sign up consumers for health coverage through California's new exchange. Despite promises of an army of workers blanketing the ... | |
More big beer makers are happy to go hoppy USA TODAY Beer makers, big and small, are tapping into consumer willingness to experiment beyond traditional brews. Bored with Budweiser? Crack open a new vanilla bourbon-flavored lager from the market leader's "Project 12" limited edition 12-pack, which debuted ... | |
Brazil's OGX Seeking Bankruptcy Protection ABC News The oil company of Brazil's one-time richest man Eike Batista has filed for bankruptcy protection. A Rio de Janeiro state court confirms the filing was made Wednesday afternoon. If the court accepts the request from OGX Petroleo e Gas Participacoes S.A., it'll ... | |
Kiwi Gains From Month Low on RBNZ; Aussie Halts Loss Before Data Businessweek New Zealand's currency rose from its lowest level since September after the nation's central bank said it will probably increase benchmark interest rates from a record low next year, boosting demand for its assets. Gains in the currency were limited as Reserve ... | |
Social Security benefits increase: Annual cost-of-living adjustment 1.5 percent WPTV WASHINGTON (AP) -- Social Security benefits for nearly 58 million people will increase by 1.5 percent next year. The annual cost-of-living adjustment, or COLA, is based on a government measure of inflation that was released Wednesday morning. | |
Thirsty? There's a global wine shortage CNN There's just not enough wine in the world, says Morgan Stanley, and the problem is only going to get worse. The industry is experiencing an "undersupply of nearly 300 million cases" a year, according to a report from Morgan Stanley Research. | |
PwC Plans to Merge with Booz & Co. Accounting Today Booz & Co.'s partners are expected to vote on merging with the Big Four firm in December. Print · Email · Reprints · Tweet. New York (1). By Tamika Cody. PricewaterhouseCoopers and Booz & Co. have signed a conditional agreement to merge, increasing ... | |
Honda Profit Misses Estimates Amid Slowing Southeast Asia Bloomberg Honda Motor Co. (7267), Japan's third-largest carmaker, reported second-quarter profit that fell short of analysts' estimates amid slowing motorcycle sales and demand in Southeast Asia. Net income climbed 46 percent to 120.4 billion yen ($1.2 billion) in the ... | |
McDonald's Joins With Kraft to Sell Packaged McCafé Coffee in US Stores Wall Street Journal McDonald's Corp. is joining with Kraft Foods Group Inc. to sell packaged McCafé coffee in U.S. grocery stores in test markets, Kraft Chief Executive Tony Vernon said Wednesday. The coffee will be sold next year in whole-bean, ground and single-cup formats ... | |
Dollar Gains for Third Day Versus Yen as Fed Meets; Rand Slides Bloomberg The dollar rose for a third day against the yen as the U.S. Federal Open Market Committee began a two-day meeting amid forecasts it won't announce any major changes to its asset-purchase program. The Bloomberg U.S. Dollar Index climbed to the highest ... | |
Facebook poised to report mobile ad results USA TODAY SAN FRANCISCO -- The world's largest social network is slated Wednesday to report its third-quarter financials, drawing the industry's attention to its mobile advertising results. That's because 41% of its ad revenue came from mobile last quarter, and the ... | |
Fed Expected to Maintain Pace of Economic Stimulus ABC News Renewed questions about the economy's health and uncertainty surrounding the government's budget fight will likely lead the Federal Reserve on Wednesday to maintain the pace of the stimulus it's supplying to the economy. That expectation marks a ... | |
Sprint to Reveal Speedier Technology Wall Street Journal Sprint Corp. is expected to demonstrate the future of its wireless network on Wednesday, offering the first peek at the technology that new owner SoftBank Corp. has touted since agreeing to buy the struggling wireless carrier a year ago. At an event for a small ... | |
Earnings Preview: Chrysler could see weak 3Q Businessweek DETROIT (AP) — Delayed shipments of the new Jeep Cherokee will likely trim Chrysler's third-quarter profit, though strong U.S. sales of the Ram pickup and Grand Cherokee SUV will mitigate that. CEO Sergio Marchionne's mission to unite Chrysler and ... | |
Mexico tax reform plan clears hurdle, now needs Senate approval Reuters By Dave Graham and Miguel Gutierrez. MEXICO CITY | Tue Oct 29, 2013 10:06am EDT. MEXICO CITY Oct 29 (Reuters) - Two Mexican Senate committees approved a package of measures on Tuesday aimed at boosting Mexico's weak tax take, sending the ... | |
As stimulus tab rises for Fed, worries grow it may require a bailout Los Angeles Times WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central bank ... | |
CFTC to Adopt Client-Funds Rule After MF Global, Peregrine Cases Businessweek The top U.S. derivatives regulator will vote today to adopt rules to improve protections for customer funds two years after MF Global Holdings Inc. collapsed amid claims the brokerage illegally financed investments by borrowing from client accounts. | |
Dollar Unchanged Vs Yen But Could Rise After FOMC Later In Day Wall Street Journal The dollar was almost unchanged against the yen on Wednesday in Asia ahead of the release of the Federal Open Market Committee's statement, though traders say market sentiment favors the U.S. unit to rise slightly further. It's likely that the FOMC ... | |
Another Reason to Buy Now: Low Rates Equal More Equity TheStreet.com NEW YORK (TheStreet) -- When it comes to mortgages, everyone knows a low rate is better than a high one, because the interest charges are smaller. But there's another benefit that's often overlooked: A lower rate helps you build home equity faster. | |
'I was overpaid by Social Security' CNNMoney Rebecca Rivetto had received disability payments for four years for her autistic son. Now the Social Security Administration is asking for it all back. NEW YORK (CNNMoney). Americans dealing with injuries, mental illnesses and other impairments are being ... | |
Twitter accused of ruse to pump up share price TVNZ Two financial firms have sued Twitter, saying it supported their international tour to sell its shares last year, only to disallow the sales in a ruse aimed at boosting the company's valuation above $US10 billion for an initial public offering. Precedo Capital Group ... | |
Mobile Banking Is The Future of Small Business Finance Fox Business A study conducted this summer by the Pew Research Center found that 51% of U.S. adults, or 61% of Internet users, conduct online banking. Further, 32% of U.S. adults, or 35% of cell phone owners, bank using their mobile phones. Even though the wave of ... | |
The Internet of Starbucks Things Wired "Starbucks Corp. (SBUX), famous for giving away Wi-Fi that links customers to the Internet, now wants to apply Web technology to its own operations by networking coffee makers, refrigerators and other appliances. "Over the next year, Starbucks said it plans ... | |
GM 3rd quarter earnings expected to match last year's $1.5B The Detroit News General Motors Co. will release third quarter earnings Wednesday and analysts expect the Detroit automaker to post a profit similar to what it earned in the three-month period a year ago. Analysts are predicting GM will earn 93 cents a share in the quarter, ... | |
Chrysler's amended IPO paperwork acknowledges problems The Detroit News Chrysler Group LLC has amended paperwork it filed with the U.S. Securities and Exchange Commission in advance of its initial public stock offering, raising new flags about the automaker's turnaround efforts. The Auburn Hills automaker deleted earlier ... | |
McDonald's Corp (MCD) Exploits Ronald McDonald House Despite Giving Scant ... International Business Times Ronald McDonald's Corp. uses its charitable organization largely as a means of deflecting criticism, health advocates charge. Reuters. A group of health and consumer advocates want to bring down Ronald McDonald's house of cards. According to a scathing ... | |
Is this another sign Fiat is trying to sabotage Chrysler's farcical IPO? Quartz The looming IPO of America's third biggest automaker could be one of the weirdest stock offerings in recent memory—If it actually happens. Last month, in a rare example of a CEO making negative comments about his own IPO, Fiat boss Sergio Marchionne, ... | |
Just In: Netflix, Inc. (NASDAQ:NFLX), Peregrine Semiconductor Corp(NASDAQ ... Market News Call Lakeway, NY — (MARKET NEWS CALL) — 10/28/2013 — Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on ... | |
Obamacare: Do Not Pass Go, Do Not Collect Health Insurance? DailyFinance The hits just kept on coming for Obamacare's cloud-based, federally run health exchange this weekend. This time a networking problem at a Verizon subsidiary, Terremark, knocked out a key data services hub offline and severed the connection between ... | |
Spotlight on economy: ADP jobs, consumer inflation data on deck MarketWatch (blog) The big story of the day is the Federal Reserve's likely decision to stand pat and maintain its multi-billion-dollar economic-stimulus program. Yet Wall Street will also watch the monthly ADP employment report for signs of how much the government shutdown ... | |
Teva Pharmaceutical Industries Ltd (ADR) (TEVA): Teva Pharmaceuticals ... Seeking Alpha Shares of Teva Pharmaceuticals (TEVA) saw a modest jump upwards at the end of last week after the pharmaceutical company received some positive comments from analysts at Citigroup. While the expiration of Copaxone will still be painful, Teva has ... | |
Wednesday's agenda: Barclays continues banks season Proactive Investors UK Following hot on the heels of Tuesday's loan mis-selling charges blighted third-quarter results from lender Lloyds Banking Group, peer Barclays will continue the sector results season on Wednesday. Barclays issued a trading update in September when it ... | |
Ford Motor Given Sector Perform Rating at RBC Capital (F) Ticker Report Ford Motor Co. logo RBC Capital reissued their sector perform rating on shares of Ford Motor (NYSE:F) in a research report sent to investors on Friday morning, AnalystRatingsNetwork.com reports. The firm currently has a $19.00 price target on the stock. | |
PAREXEL Int'l Q1 Profit Meets Estimate; Backs FY14 Outlook RTT News PAREXEL International Corp. (PRXL: Quote) Tuesday reported first-quarter profit of $26.0 million or $0.45 per share, compared to $15.1 million, or $0.25 per share in the same period last year. Adjusted earnings for the quarter were $25.8 million or $0.45 per ... | |
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