Asian shares lose altitude, bonds underpinned Reuters SYDNEY (Reuters) - Most Asian share markets lurched lower on Wednesday as investors booked profits on a range of once-crowded positions, largely to the benefit of bonds and the detriment of the U.S. dollar. News that U.S. budget negotiators had reached ... | |
GM to stop Holden production in Australia CNN General Motors said Wednesday it will close its Holden production facilities in Australia, a move that will cost thousands of jobs and casts doubt on the future of the country's struggling auto sector. The decision to end manufacturing by the end of 2017 will ... | |
Asiana crash pilots knew speed was low, hesitated Reuters WASHINGTON (Reuters) - In the crucial minutes before an Asiana Airlines flight crashed in San Francisco last summer, the pilots voiced concern about the plane's low speed but did nothing to correct it until just before it hit the ground. A hearing on ... | |
FOREX-Yen enjoys respite as risk aversion returns, euro eyes 2013 peak Reuters ... slideshows. * Yen broadly firmer as Wall Street comes under pressure. * Possible Fed tapering next week knocks stocks lower. * Euro back near 2013 peak vs USD. * Aussie dollar eyes domestic jobs data. By Ian Chua. SYDNEY, Dec 12 (Reuters) - The yen ... | |
Once sunken towboat ready to move to repair docks Washington Post DES MOINES, Iowa — A Mississippi River towboat that partially sank slightly more than two weeks ago began a 350-mile trip Wednesday to a St. Louis-area repair facility, a U.S. Coast Guard spokesman said. "She's well on her way," Coast Guard Lt. Colin ... | |
Stanley Fischer said to be top choice for Fed vice chairman Los Angeles Times Former Bank of Israel Gov. Stanley Fischer is President Obama's leading candidate to become vice chairman of the Federal Reserve, people familiar with the selection process said. Fischer, 70, would replace Janet L. Yellen as the Fed's No. 2 official ... | |
Google executives' planes saved millions in costs due to error - NASA Chicago Tribune SAN FRANCISCO (Reuters) - The company that manages a fleet of airplanes owned and leased by Google Inc executives Larry Page, Sergey Brin and Eric Schmidt improperly bought fuel from the government at below-market rates, for a savings of up to $5.3 ... | |
UPDATE 1- China Cinda soars in HK debut as investors bet on bad debt Reuters ... Print. * Cinda's shares surge as much as 24 pct on retail demand. * Bodes well for peer Huarong, which also seeking to list. * Cinda raised $2.5 bln in IPO (Recasts with successful debut, adds outlook for Huarong). By Elzio Barreto. HONG KONG, Dec 12 ... | |
Detroit's water drains away from ravaged pipes Boston.com In a photo from May 16, 2013 at Crosman School in Detroit, water pools The Associated Press In a photo from May 16, 2013 at Crosman School in Detroit, water pools on the warped tile of what was once a basketball court. No one knows how long the water ... | |
US Congress strikes budget deal Financial Times Democratic and Republican negotiators on Tuesday night agreed a deal to set spending levels until 2015, breaking the latest fiscal logjam in Congress and stopping a cycle of crisis-driven economic policy making in Washington. The agreement is small in ... | |
Illinois trying to lure Boeing plant Chicago Tribune Illinois is among the states assembling an incentive package to lure production of Boeing's new 777X airplane, a business that promises thousands of jobs and billions of dollars in economic benefit to the winning state. However, the package being submitted ... | |
Spain's Inditex says pre-xmas trading strong after flat 9-month profit Reuters MADRID (Reuters) - Zara owner Inditex (ITX.MC), the world's largest clothing retailer, said on Wednesday sales rose 10 percent in the first six weeks of the fourth quarter, the run-up to Christmas, after posting flat nine-month net profit. The final quarter is the ... | |
Facebook to join S&P 500 The Globe and Mail Standard & Poor's on Wednesday said Facebook Inc. will join its S&P 500 stock index after the close of trading on Dec. 20, cementing the social media network's rise into one of the biggest, most powerful U.S. companies. The decision follows Facebook ... | |
Conventioneers' credit card data stolen in Boston Boston Globe Hundreds of attendees at two large conventions in Boston this fall have reported that their credit card information was stolen and was used to purchase goods around the country and overseas. Though it is unclear how the thefts occurred, many of the victims ... | |
A $7000 tip! — Mystery 'Tips for Jesus' diner continues cross-country spree New York Post The big-spending, big-hearted diner who signs his restaurant checks "Tips for Jesus" has hit Manhattan after giving thousands of dollars to waiters in a cross-country tipping spree. The generous restaurant-goer left one lucky server at NoMad in the Flatiron ... | |
Gannett to Add USA Today to Local Papers New York Times Gannett Company, one of the nation's largest newspaper chains, will try to expand its advertising and circulation revenue by inserting parts of its flagship newspaper, USA Today, into its local newspapers. Enlarge This Image ... | |
Fed taper anxiety triggers profit taking on Wall St. Reuters NEW YORK (Reuters) - Stocks posted their largest drop in a month on Wednesday as traders locked in recent gains after a provisional budget deal out of Washington removed one of the near-term reasons for the Fed to keep up its current pace of economic ... | |
UNS Energy Agrees to Be Acquired by Fortis Utility Group; Acquisition Would ... MarketWatch TUCSON, Ariz., Dec 11, 2013 (BUSINESS WIRE) -- The Board of Directors of UNS Energy Corporation (NYSE:UNS) has unanimously approved a definitive merger agreement with Fortis, Inc. (TOR:CA:FTS) , Canada's largest investor-owned gas and electric ... | |
Blackstone's Hilton Joins Ranks of Biggest Deal Paydays Bloomberg Dec. 11 (Bloomberg) -- Robert Nardelli, senior advisor at Cerberus Capital Management and Daniel Hurwitz, CEO at DDR Corp., discuss the Hilton IPO and the implementation of the Volcker Rule on Bloomberg Television's "Bloomberg Surveillance." ... | |
TCF Bank to close 37 Jewel branches Chicago Tribune TCF National Bank said Wednesday it will close 37 branches inside Jewel stores in the Chicago area in order to focus on growth elsewhere, including the addition of more "L" station ATMs. The branches are expected to be closed by March. It will maintain 118 ... | |
Discovery Weighs Bid for Food Network Owner Wall Street Journal Such a deal would combine two cable-channel owners that specialize in nonfiction television and which between them have a market capitalization of about $43 billion. Discovery owns the Discovery Channel, Animal Planet and TLC, while Scripps's channels ... | |
China's Stocks Retreat Most in Month on Economic Target Concern Businessweek A Chinese national flag is reflected in a sign for the China (Shanghai) Pilot Free Trade Zone in the Waigaoqiao free trade zone and logistics park in Shanghai. Shanghai Waigaoqiao Free Trade Zone Development Co. plunged 3.9 percent, paring this year's ... | |
General Motors Names Mary Barra as CEO Wall Street Journal General Motors named Mary Barra as its first female CEO, replacing Dan Akerson, who will retire next year. WSJ's Joe White joins MoneyBeat. DETROIT— General Motors Co. GM -0.63% General Motors Co. U.S.: NYSE $40.14 -0.26 -0.63% Dec. 11, 2013 ... | |
The Best Companies To Work For In 2014 Forbes Boston-based consulting giant Bain & Co. finds itself at the top of several prestigious rankings. It holds the No. 2 spot on Vault's Consulting 50; it has been named the Best Firm to Work For by Consulting magazine for eleven consecutive years; it ranks among ... | |
Moncler Said Likely to Price IPO at Top of Range on High Demand Bloomberg A pedestrian passes an advertisement in the window of a Moncler SpA fashion store in Gstaad. A pedestrian passes an advertisement in the window of a Moncler SpA fashion store in Gstaad. Close. Close. Open. Photographer: Valentin Flauraud/Bloomberg. | |
World Bank's Kim Says Fed Communication May Offset QE Taper Risk Bloomberg World Bank President Jim Yong Kim said risks to developing nations as the Federal Reserve slows its bond buying will be reduced by clear communication about the exit and offset by a faster U.S. economic expansion. "If the tapering is communicated ... | |
Asia stocks down on prospect of Fed stimulus cut Businessweek MANILA, Philippines (AP) — Asian stocks were mostly down Wednesday as investors factored in the prospect of the Federal Reserve reducing its lavish monetary stimulus this month. Japan's Nikkei 225 fell 1.1 percent at 15,436.50 and Hong Kong's Hang ... | |
100000 Have Signed Up on New York Health Exchange, Officials Say New York Times More than 100,000 people have signed up for coverage through New York State's health exchange, with two-thirds of them in private plans, significant developments as the state tries to capture a large pool of uninsured residents, state officials said Tuesday. | |
Fitch Rates New York Tobacco Settlement Financing Corp State Contingency ... HispanicBusiness.com Fitch Ratings assigns an 'AA-' rating to the following Tobacco Settlement Financing Corp. asset-backed revenue bonds: -- $662,545,000 series 2013A (state contingency contract secured); -- $568,075,000 series 2013B (state contingency contract secured). | |
Oil price hovers $98 ahead of supply data Fort Worth Star Telegram The price of oil slipped slightly but remained above $98 a barrel Wednesday ahead of a report which is expected to show another large drop in U.S. crude stockpiles. By early afternoon in Europe, benchmark crude for January delivery was down 31 cents to ... | |
Amazon drones under attack MobyLives Nicholas Lund argued in Slate this week that Amazon's new drone program has underestimated its most powerful competitors. He's not talking about publishers and collusion: he's talking about birds and collision. According to the Federal Aviation ... | |
GM wins ruling over $450M retiree health dispute The Morning Sun DETROIT (AP) — A judge says General Motors has no legal obligation to make a $450 million payment for medical benefits for certain blue-collar retirees. The payment was part of a 2007 agreement between GM and the United Auto Workers before the old ... | |
Who's buying Ireland: Five new names to chew on Irish Independent THE RTE documentary Who's Buying Ireland which aired last night gave an insight into what Irish assets are being bought up, mostly in Dublin, post the boom. Also in this section. Tullow Oil abandons dry well in Ethiopia · Ireland 'unlikely' to get ESM help to ... | |
The Republican Health Care Plan San Francisco Chronicle (blog) Boosters of the Obamacare plan like to ask: So what's the Republican plan? If Republicans don't have a plan, they seem to think, it's OK that President Obama lied to voters about how his plan would work. (In my Tuesday column, I report on Californians who ... | |
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