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| Fed Anxiety Rises as QE Increases Risk of Loss With Costs Bloomberg |
The longer the Federal Reserve continues its bond-buying stimulus, the higher the odds it will face a year without any money to give the U.S. Treasury after taxpayers received a record $88.4 billion profit in 2012. The Fed's financial-crisis actions -- from ...
| Court rejects Cooper Tire claim in Apollo dispute USA TODAY |
FINDLAY, Ohio (AP) — The Delaware Court of Chancery has rejected a claim by Cooper Tire & Rubber that Apollo Tyres breached the terms of an agreement to buy Cooper Tire. The decision handed down Friday is the latest snag in a monthslong dispute ...
| Bank of America seeks US mortgage bond lawsuits dismissal Fox Business |
WASHINGTON – Bank of America Corp asked a federal court on Friday to throw out two U.S. government lawsuits accusing the nation's second-largest bank of defrauding investors during the financial crisis. The U.S. Justice Department and the Securities and ...
| Strengthening private sector fuels job gains USA TODAY |
A surprisingly strong report on October job growth Friday shows that the recovering private sector is increasingly shrugging off political stalemate in Washington, D.C., economists say. Despite the government's Oct. 1-16 partial shutdown, employers added ...
| University faces 'complicated choices' Harvard Gazette |
"Harvard's endowment is impressive in all respects, but it is something that needs to last forever," explained Vice President and CFO Dan Shore. "There's a high degree of restrictiveness to it. And because of all the other pressures on the University, new ...
| Is Silicon Valley Arrogant? Not by My Definition Bloomberg |
The tech world is all atwitter over accusations of arrogance. In an essay in the Wall Street Journal headlined "Silicon Valley Has an Arrogance Problem," Farhad Manjoo decried the industry's "superiority complex" and wrote: "For Silicon Valley's own sake, the ...
| US STOCKS-Wall St edges up after strong payrolls data Reuters |
... Print. * October payrolls well above expectations. * Santarus jumps on buyout deal. * Disney falls after earnings. * Indexes up: Dow 0.10 pct, S&P 0.21 pct, Nasdaq 0.51 pct. By Chuck Mikolajczak. NEW YORK, Nov 8 (Reuters) - U.S. stocks rose on Friday, ...
| Batista Shipbuilder OSX to Request Bankruptcy Protection Bloomberg |
OSX Brasil SA (OSXB3), the startup that former billionaire Eike Batista listed in 2010 with the aim of becoming the largest shipbuilder in the Americas, is following its main client into bankruptcy protection. OSX's board approved a so-called judicial recovery ...
| Venezuela's Maduro Orders Occupation of Electronics Store Bloomberg |
Venezuelan President Nicolas Maduro today ordered the occupation of a national chain of electronic stores called Daka as he seeks to battle record inflation and shortages of consumer goods. Maduro, who said he's taking action against price speculators ...
| It's Not The Website, Stupid: New Research Says RomneyCare Worked ... Forbes |
WASHINGTON, DC - MARCH 26: People march in favor of the Affordable Care Act. (Image: Getty Images North America via @daylife). While critics of the Affordable Care Act use the problems of a newly launched website to discredit the law and the idea of ...
| US close: Stocks surge despite increased taper speculation IFA Magazine |
US markets delivered a strong performance on Friday despite a stronger-than-expected jobs report increasing speculation surrounding the tapering of quantitative easing by the Federal Reserve. The Dow Jones Industrial Average set a fresh all-time high of ...
| Will Twitter Join the 100% Gainers Club? NASDAQ |
The IPO market, once left for dead, is now back! As of last month, we've seen the most IPO activity since 2007 when 33 companies went public. Year-to-date, the number of IPOs stands at 190, well ahead of this time last year. Let's focus on the 100% IPO ...
| MDA bans extra-marital dating website Ashley Madison Straits Times |
The homepage of the Ashley Madison dating website is displayed on a laptop in Hong Kong on Aug 20, 2013. The Media Development Authority of Singapore (MDA) has banned extra-marital dating website Ashley Madison, deeming its content objectionable.
| Biz Break: Twitter declines as other Silicon Valley companies line up for IPOs Vallejo Times-Herald |
Today: Reports signal some of Silicon Valley's most prominent private companies will follow Twitter to Wall Street. Also: Wall Street breaks more records, but Tesla continues to struggle. The Lead: Twitter falls as other companies look to jump into IPO market.
| Russian central bank leaves rates on hold, sees low growth Business Recorder |
image MOSCOW: Russia's central bank left its key policy rate on hold as expected at its monthly meeting on Friday, reflecting concerns over above-target inflation, while cautioning that economic growth would remain low in the medium term. The bank held its ...