Icahn warns stock market could face 'big drop' Reuters (Reuters) - Activist investor Carl Icahn on Monday said there was a chance the stock market could suffer a big decline, saying valuations are rich and earnings at many companies are fueled more by low borrowing costs than management's efforts to boost ... | |
Bartiromo leaves CNBC to join Fox USA TODAY CNBC is losing one of its biggest stars. Maria Bartiromo, the financial journalist known as "Money Honey," is leaving the network to join Fox. She'll mostly appear on Fox Business Network, though she'll also report for Fox News. Her contract with CNBC, where ... | |
Madoff victims may soon get another $2.35 billion Reuters NEW YORK (Reuters) - Thousands of victims of Bernard Madoff's fraud, including many who have so far recovered nothing, may start pursuing an additional $2.35 billion to cover some of their losses, U.S. Attorney Preet Bharara in New York said on Monday. | |
US Fed's Rosengren says bank lending is robust Reuters ABU DHABI (Reuters) - Capital ratios at U.S. banks have strengthened and bank lending is quite strong, a top U.S. central banker said on Monday. "I think what we're seeing in the U.S. is that capital ratios have improved. We're now seeing pretty robust ... | |
The World's Biggest Oil Companies, 2013 Forbes A lot has changed for Big Oil in the past 10 years, but how much has the shale boom shifted the rankings of the world's 20 biggest oil and gas companies? We compared today's giants with data from 2003. Who do you think is on top? Ten years ago there was ... | |
Do You Like Your Doctor? Obamacare Drives UnitedHealth To Downsize Its ... Forbes President Barack Obama makes a statement in the Brady Press Briefing Room at the White House, July 31, 2011. (Photo credit: Wikipedia). Over the past two weeks, there's been a lot of coverage of the President's misleading promise that "If you like your plan, ... | |
Fight begins over opening up Mexico's oil monopoly Businessweek MEXICO CITY (AP) — The fight to revamp Mexico's moribund, state-run oil industry could start as early as this week with a Senate proposal to allow private access to the country's oil, a nationalist symbol that for decades has been fiercely protected by the ... | |
China lifts curtain on landmark reform agenda CNN A Chinese political meeting has set the tone on a range of social and economic initiatives. HONG KONG (CNNMoney). China has put forward an ambitious reform plan that aims to address social and economic trouble spots from polluted air to land rights. | |
Chicago area economy seen growing at 1.3% this year Chicago Tribune One third of all U.S. metro areas will see flat or negative economic growth this year, a steep increase from 2012, according to a study released Monday by IHS Global for the U.S. Conference of Mayors. The study projects that 119 metro areas won't see an ... | |
Hong Kong resists destruction of illicit ivory as seizures swell its well-guarded ... Fox News HONG KONG – When Hong Kong intercepted yet another huge shipment of illegal African ivory in early October, it added to a growing headache for authorities: What exactly do you do with one of the world's biggest stockpiles of elephant tusks? Government ... | |
Dudley 'More Hopeful' Growth Rebounding as Fiscal Drag Wanes Bloomberg Federal Reserve Bank of New York President William C. Dudley said he's "getting more hopeful" the U.S. economy is gaining strength as the drag from fiscal policy wanes. "While growth in 2013 has been disappointing, I believe a good case can be made that ... | |
UPDATE 2-Thai economy grows more slowly than forecast, rates seen on hold Reuters ... Print. * Q3 GDP q/q +1.3 pct vs poll's +1.7 pct, revised 0.0 pct in Q2. * Q3 GDP y/y +2.7 pct vs poll's +2.9 pct, Q2 revised +2.9 pct. * 2013 growth forecast slashed to 3.0 pct from 3.8-4.3 pct. * Tourism buoys economy but exports, domestic demand weak. | |
Powerful storms, wind leave 392000 customers without power across Michigan Detroit Free Press Severe weather that swept across the Midwest on Sunday has left more than 392,000 homes and businesses without power in Michigan, and that number is expected to grow as strong winds — gusting from 50 to 60 m.p.h. — continued overnight. DTE Energy ... | |
Dollar Near Two-Week Low Versus Euro as Fed Delays Taper Hopes Businessweek The dollar was 0.3 percent from a almost two-week low against the euro on speculation Federal Reserve speakers including Chairman Ben S. Bernanke will reiterate economic growth isn't yet sufficient to trim stimulus. The Bloomberg U.S. Dollar Index ... | |
Oil Drifts Lower as Iran Talks Eyed Wall Street Journal Crude-oil futures drifted lower in Asian trading hours Monday as investors wait for talks over Iran's nuclear program to commence later this week and economic data releases for hints about U.S. monetary policy. On the New York Mercantile Exchange, light, ... | |
RBS says in talks on IP&ED unit sale Reuters LONDON Nov 18 (Reuters) - British bank RBS said on Monday it was in talks with a potential third-party buyer for its retail investor products and equity derivatives (IP & ED) business. The bank, majority owned by the British state, had previously said it wanted ... | |
AIG's ILFC Bidders Said in Talks to Add Backers to Group Bloomberg Taiwanese tycoon Richard Tsai and Chinese financier Xiao Jianhua are in talks to help fund a $4.2 billion bid for American International Group Inc. (AIG)'s aircraft-leasing unit, three people with knowledge of the matter said. Tsai's family, and companies it ... | |
Domestic migration rate drops amid decline in young adult mobility Los Angeles Times WASHINGTON — The share of Americans moving to a new home fell this year, underscoring the lingering effects of the Great Recession and a drag on the housing market. The main factor was an unexpectedly large drop in the mobility of young adults, who ... | |
China Reform Plan Sets Scene for Local Clampdown: Economy Bloomberg China's Communist Party signaled a bigger focus on fiscal concerns during President Xi Jinping's tenure, setting the scene for a clampdown to control the finances of indebted regional authorities. Local governments will be able to sell bonds to fund ... | |
Tokyo Shares End Slightly Down As Dollar Falls, Exporters Sold Wall Street Journal TOKYO--Tokyo stocks staged a modest fall Monday, edging down as the dollar came off its early highs, allowing for profit-taking that offset strong support for banks, brokerages, and other financial stocks. Many traders took weakness in the Nikkei Stock ... | |
US stock market nears milestone heaven USA TODAY NEW YORK — The stock market, which has been melting up most of this record-breaking year, is on the cusp of achieving a troika of major milestones. Dow 16,000 is within easy reach for the first time. The Standard & Poor's 500 is fast approaching 1,800. | |
Prokhorov Said to Agree to Buy Kerimov's Uralkali Stake Bloomberg Billionaire Mikhail Prokhorov's Onexim Group reached an agreement with Suleiman Kerimov and his partners to buy their 33 percent stake in potash producer OAO Uralkali, three people with knowledge of situation said. The deal values the world's largest ... | |
Aberdeen Asset Management PLC Acquisition Wall Street Journal Aberdeen Asset Management PLC ("Aberdeen" or the "Group") announces that it has entered into a definitive agreement to form a long-term strategic relationship with Lloyds Banking Group plc ("Lloyds"), as part of which Aberdeen will acquire Scottish ... | |
Pressure Builds to Finish Volcker Rule on Wall St. Oversight New York Times Treasury Secretary Jacob J. Lew, seen last month at a Senate Finance Committee hearing Mark Wilson/Getty Images Treasury Secretary Jacob J. Lew, seen last month at a Senate Finance Committee hearing. The Obama administration, currently stumbling ... | |
Will ECB Break Its Bond-Buying Taboo? Wall Street Journal For five years, the European Central Bank has resisted calls for it to engage in quantitative easing. Is it time to break this final taboo? Last week's euro-zone third-quarter gross-domestic-product data offered something for both sides of this increasingly ... | |
Japan nuclear plant to begin removing fuel rods Houston Chronicle TOKYO (AP) — Workers have started removing radioactive fuel rods Monday from one of four reactors at the crippled Fukushima Dai-Ichi nuclear power plant, Tokyo Electric Power Co. said. The painstaking and risky task is a crucial first step toward a full ... | |
Postal Service records revenue increase, but losses remain as overhaul bill ... Washington Post The U.S. Postal Service recorded its first revenue increase in five years and mail volume showed signs of stabilizing despite continued decline — but the agency still lost $5 billion in fiscal 2013, making it the seventh consecutive year of red ink, according to ... | |
Health care deductibles a shock to Michigan consumers Detroit Free Press Six weeks after the troubled rollout of the Michigan Health Insurance Marketplace, the Obama administration may be facing a new challenge: consumer anger at high deductibles in plans that were supposed to be the most affordable. In southeast Michigan ... | |
Private equity firm Advent offers $1.58 bln cash for UNIT4 Reuters AMSTERDAM Nov 18 (Reuters) - Private equity firm Advent International has made a cash offer of 1.17 billion euros ($1.58 billion) for UNIT4 NV, the Dutch business software company said on Monday. The offer represents a 32.4 percent premium to UNIT4's ... | |
FOMC Minutes, Iran, Microsoft, Air Show: Week Ahead Nov. 18-23 Bloomberg The U.S. Federal Reserve releases minutes this week from the October meeting of the Federal Open Market Committee (FDTR) that will probably give more details behind the decision to continue with $85 billion in monthly bond purchases. Iran and world ... | |
Northeast Corridor partially shut down after Amtrak train derails in Baltimore; no ... Calgary Herald BALTIMORE - Amtrak says a passenger train derailed in a tunnel south of Baltimore, forcing the rail service to shut down the corridor between Washington and Baltimore. Amtrak says the Silver Meteor from New York to Miami became disabled in the B&P ... | |
Salesforce, Urban Outfitters, Tyson are stocks to watch MarketWatch SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Monday's session are Salesforce.com Inc., Urban Outfitters Inc. and Tyson Foods Inc. Click to Play ... | |
Seniors not immune to health insurance plan changes Palladium-Item Audience members listen during an Affordable Care Act town hall forum at Reid Hospital in September. / Joshua Smith / Palladium-Item file. Written by. Pam Tharp. Correspondent. Filed Under. News · Local News. About SHIP. Terri Hamm is Area 9 In Home ... | |
RPT-Wall St Wk Ahead-Fed taper debate goes on; retail vies for attention Reuters NEW YORK Nov 17 (Reuters) - The guessing game about when the Federal Reserve will start to cut its stimulus will enter a new round this week as stock investors dissect minutes from the last central bank meeting, while retail sales and clues about the ... | |
China reforms, Fed boost Asian stock markets U.S. News & World Report KUALA LUMPUR, Malaysia (AP) — Asian stock markets were lifted Monday by China's reform pledges and expectations the U.S. central bank will extend its economic stimulus until March or later. After regional stock markets closed Friday, Beijing announced ... | |
Thanks, but no sale: Local retailers won't be open on holiday The Spokesman Review Denver Toone polishes a natural pear-shaped yellow diamond ring on Saturday at Jewelry Design Center in Spokane. (Full-size photo)(All photos). While some consumers are signing Facebook pledges to refuse to shop on Thanksgiving, several Spokane ... | |
Survey: Americans do not like to discuss finances The Courier-Journal American families may not be saving enough for retirement but even worse, they're not talking about it with each other, show the findings of a new study out Monday. "Family & Retirement: The Elephant in the Room," a representative survey of 5,400 adult ... | |
Feds look into 3rd Tesla Model S fire in six weeks UPI.com The third battery fire involving a Tesla Model S in six weeks has drawn the attention of the watchdog National Highway Traffic Safety Administration. The federal agency sent investigators to Smyrna, Tenn., outside Nashville, last week to examine the charred ... | |
Wal-Mart Should Improve Wages (Feedback) Arkansas Business Online Every worker deserves a living wage. Those women and men who devote their time and labor to a company should be compensated, and they should receive enough money to live a decent life. Not every employer can afford to provide this, but Wal-Mart can. | |
Wal-Mart steps up competition for holiday shopping Casper Star-Tribune Online Wal-Mart Stores Inc. said Tuesday that it will start offering its holiday deals in its stores at 6 p.m. on Thanksgiving — two hours earlier than last year. The world's largest retailer will stagger holiday deals throughout the night and into "Black Friday," the day after ... | |
JPMorgan reaches $4.5B settlement with investors El Paso Inc. The checks from JPMorgan Chase just keep on coming as the nation's largest bank works to move beyond its mortgage-related troubles. On Friday, JPMorgan reached a $4.5 billion-settlement with a group of investors over claims that the bank sold them ... | |
New Mini officially revealed Bangkok Post That's quite unsurprising because what we're talking about here is an iconic hatchback that needs to maintain the classic silhouette and design cues of its predecessors. Don't forget, it's a proven formula. The three-piece design of the body has been retained, ... | |
Philly FedHead Plosser Suggests a Single Mandate for the Federal Reserve Wall Street Sector Selector FedHead Plosser believes that "full employment" should not be a concern of the Federal Reserve. Federal Reserve, ETF, NYSEARCA:IYJ, NYSEARCA:XLF, NYSEARCA:XRT. Charles Plosser. One day prior to Janet Yellen's testimony at her confirmation ... | |
MoNimbus Inc. Launches MoNimbus™ Studio for Salesforce on salesforce ... PR Web (press release) Customers can now configure, customize and enable their rich mobile social experience of Salesforce Sales Cloud™. Dreamforce, the world's largest vendor technology event, invites attendees to connect with customers, partners and employees in entirely ... | |
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