North America to Drown in Oil as Mexico Ends Monopoly Bloomberg The flood of North American crude oil is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oilfields. Plagued by almost a decade of slumping output that has degraded Mexico's take from a $100-a-barrel oil market, ... | |
Federal Consumer Agency Sues Over Online Loans New York Times It sounds like something from a movie: A $10,000 loan with an annual interest rate of nearly 90 percent, that costs more than $60,000 to repay. But borrowers actually paid those kind of costly terms, sometimes with triple-digit interest rates, for loans managed ... | |
Aussie Drops to 5-Year Low Versus Kiwi After RBA Minutes Bloomberg Australia's dollar dropped to the lowest in more than five years against its New Zealand peer after the nation's central bank said it maintained the option of loosening policy monetary policy further. The Aussie traded within one cent of the three-year low of ... | |
RPT-UPDATE 2-Japan business mood hits 6-yr high as "Abenomics" takes hold Reuters ... Print. * Big manufacturers' sentiment index +16 vs Sept +12 * Service-sector mood also up on demand before sales tax * Big firms plan 4.6 pct increase in FY2013/14 capex * BOJ seen standing pat on policy for time being-analysts By Leika Kihara and ... | |
Boeing announces $10 billion buyback, raises dividend Chicago Tribune Boeing Co.'s board raised the company dividend about 50 percent on Monday and approved $10 billion in new share buyback authority that the company said it would use in the next two to three years. Boeing shares rose about 2 percent in ... | |
French and Benelux stocks-Factors to watch on Dec 16 Reuters Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks. CARREFOUR /KLEPIERRE. France's Carrefour said on Monday it had agreed to buy a portfolio of 127 ... | |
Amazon's German workers set to go on strike Chicago Tribune FRANKFURT (Reuters) - Workers at Amazon.com's German operations were set to go on strike on Monday, in the middle of the crucial Christmas holiday season, in a dispute over pay that has been raging for months. The Verdi union said workers would strike ... | |
Renault Signs Agreement to Build China Plant With Dongfeng Motor Businessweek Renault SA (RNO), France's second-largest automaker, will build sport utility vehicles at its joint venture factory with Dongfeng Motor Group Co. (489) as it targets to sell locally made vehicles in China by 2016. The two companies will work closely with Nissan ... | |
Tim Armstrong's Baby Shouldn't Have Become AOL's Bloomberg Yesterday's New York Times had a pretty brutal column from David Carr, predicting the imminent demise of Patch, the local news service that AOL Inc. bought in 2010. Carr calls the service "a black hole for cash" and concurs with outside investors that it was ... | |
Passenger jet slips off runway taxiing in Wisconsin, no injuries Reuters MILWAUKEE (Reuters) - A Delta Air Lines jet slipped off the runway while taxiing after landing in Madison, Wisconsin, on Monday afternoon in snowy conditions, authorities said. No injuries were reported. The flight "exited the pavement and came in contact ... | |
GlaxoSmithKline Looks to Increase Exposure to India Wall Street Journal GSK launched an open offer to buy an extra 24.33% stake in the unit, GlaxoSmithKline Pharmaceuticals Ltd. 500660.BY +19.05% GlaxoSmithKline Pharmaceuticals Ltd. India: NSE र2928.92 +468.77 +19.05% Dec. 16, 2013 1:16 pm Volume : 425,542 P/E ... | |
Herbalife Clean Audit Another Setback for Ackman's Pyramid Case Bloomberg Hedge fund manager Bill Ackman, who's already lost as much as $500 million betting against Herbalife Ltd. (HLF), suffered another setback after the company he accused of being a pyramid scheme said a re-audit found no material changes. Herbalife ... | |
People stymied by error codes on state health exchange may get more time to ... The Seattle Times Washington residents who continue to get error codes when they try to sign up for health coverage on the Healthplanfinder may still be able to get coverage by Jan. 1 — even if they can't complete enrollment by the Dec. 23 deadline. By Amy Snow Landa. | |
Most Indian Stocks Drop as Wholesale Inflation Exceeds Estimates Bloomberg Most Indian (SENSEX) stocks declined after the nation's benchmark inflation rate accelerated more than analyst estimates. Jindal Steel & Power Ltd. declined to a three-week low. Motorcycle maker Hero MotoCorp Ltd. slid for the fourth day. GlaxoSmithKline ... | |
Mass. jobless rate could rise above US average Boston.com BOSTON (AP) — It's been more than six years since the monthly unemployment rate in Massachusetts has been higher than the U.S. average as a whole. That could possibly change when the state's November jobs report is released Thursday. The national ... | |
KKR to Buy Its Publicly Traded Credit Unit in $2.6 Billion Deal San Francisco Chronicle Dec. 16 (Bloomberg) -- KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, agreed to buy the publicly traded credit business KKR Financial Holdings LLC in a $2.6 billion transaction. Investors will receive 0.51 KKR shares for each ... | |
Several Swiss cantonal banks to join US tax deal Reuters ZURICH (Reuters) - Several Swiss regional banks said on Monday they would cooperate with U.S. officials to avoid prosecution in a crackdown on Swiss lenders suspected of helping wealthy Americans evade taxes through offshore accounts. Banque ... | |
E-Mini S&P 500: Fed led again! Inside Futures The Fed boasts the transparency of the board yet this week, the markets buzz with such uncertainty regarding the Fed's direction. It is not an if but a when and the Fed has totally led the market down the path again of a potential tapering as early as this month. | |
GSK to stop paying doctors to promote drugs - NY Times Reuters India REUTERS - GlaxoSmithKline Plc(GSK.L) will stop paying doctors to promote its products, Chief Executive Andrew Witty said in an interview with the New York Times, in a move that could be a first for a major drug company. GSK will also stop tying ... | |
US Stocks Rise on Signs of Stronger Economy ABC News Stocks raced higher after two down weeks, as investors warmed up to the idea that the economy is getting better. Stocks have fallen lately after good economic news as investors worried that the Federal Reserve would think its stimulus was no longer needed. | |
Southern California home prices flat, sales fall in November Los Angeles Times Southern California home prices stayed essentially flat in November while sales tumbled during the typically slow fall season. The median sales price for all homes in the six-county region inched up 0.3% from October to $385,000, research firm DataQuick ... | |
Europe's Morning MoneyBeat: China PMI Could Make Life Tough at the Open Wall Street Journal 'Caution' appears to be the watchword as the last full trading week before the holiday break kicks off. That might have been the case anyway, given that we're all waiting for Wednesday. That's when the Federal Reserve will give us its final policy decision for ... | |
Hedge Funds' Natural Gas Bets Jump as Thermometer Drops: Energy Bloomberg A natural gas drilling rig stands next to a house in a field west of Rifle, Colorado. A natural gas drilling rig stands next to a house in a field west of Rifle, Colorado. Close. Close. Open. Photographer: George Frey/Bloomberg. A natural gas drilling rig stands next ... | |
Judge Orders Huge Lead Paint Payout to California MyFox Los Angeles (FOX11/AP) -- A judge has ordered paint companies to pay 10 California cities and counties $1.1 billion to remove lead from millions of older homes. Santa Clara County Superior Court Judge James Kleinberg issued the verdict Monday in San Jose after a ... | |
'Complete waste': Army Corps flushed $5.4M on 'unusable' trash incinerators ... Fox News Feb. 4, 2013: U.S. Army soldiers watch garbage burn in a burn pit at Forward Operating Base Azzizulah in Maiwand District. Soldiers at FOB Sharana had to use a similar burn pit because incinerators were not completed.Reuters. ADVERTISEMENT. The U.S. ... | |
Mulally Microsoft Candidacy Robs Limelight From Ford Cars Bloomberg Alan Mulally's candidacy for the top job at Microsoft Corp. (MSFT) threatens to overshadow car introductions at Ford Motor Co. (F) and raises the risk of internal strife among his deputies at the automaker. Keeping the focus on autos rather than management ... | |
Ex-UBS Banker Weil Seen Cooperating With Prosecutors Bloomberg Raoul Weil, the former head of UBS AG (UBSN)'s global wealth management business accused of conspiring to help Americans evade taxes, may cooperate with prosecutors in a bid for leniency rather than go to trial, according to lawyers who have been ... | |
Indian 10-Year Bond Yield Climbs to Three-Week High on Inflation Businessweek India's 10-year bonds fell, pushing the yield to a three-week high, as the government reported the fastest wholesale-price inflation in more than a year. Prices (INFINFY) rose 7.52 percent last month from a year earlier, the most since September 2012 and ... | |
Dollar Lower Against Yen as Possible Fed Tapering in Focus Wall Street Journal The dollar fell against the yen amid profit taking during Asian trading Monday as investors adjusted their positions ahead of a Federal Reserve policy decision later this week that could see it start scaling back its massive bond-buying program. The greenback ... | |
Asian Stocks Drop Before China Factory Data as Oil Climbs Bloomberg Asian stocks declined, with the regional index headed for a three-month low before manufacturing data from China to the U.S. and as investors awaited this week's Federal Reserve meeting. Silver, gold and copper futures dropped while crude oil rallied. | |
Investors Are Hungry for US Corporate Bonds Wall Street Journal Bond investors are showing the most confidence in corporate America since the financial crisis, underscoring expectations that the U.S. economy will keep rolling as the Federal Reserve prepares to trim monetary stimulus. Purchasers of corporate debt are ... | |
GLOBAL MARKETS-Asia shares slip, Japan data outshines China Reuters ... slideshows. * Share markets drift off in Asia, volumes light. * Investors still no clearer on whether Fed will taper this week. * Japan business confidence at 6-year high helped by low yen. * Mild disappointment as China manufacturing index dips. By Wayne ... | |
AerCap Near Deal for AIG's Aircraft-Leasing Unit Wall Street Journal American International Group Inc. is in advanced talks to sell its jet-leasing business to AerCap Holdings NV for $3 billion in cash and a minority stake in the smaller, Netherlands-based company, said people with knowledge of the talks. The minority stake in ... | |
Luxury Skiwear Maker Moncler May Gain on Trading Debut in Milan Businessweek Moncler, (MONC) the Italian maker of $1,220 quilted polyester jackets, may rise on its trading debut in Milan today after investors sought about 27 times the amount of stock offered in its initial public offering. The shares could be worth 20 percent more than the ... | |
FOREX-Dollar pins hopes on Fed, yen bounces on profit-taking Reuters ... Print. * Subdued start for major currencies after uneventful weekend. * Markets wait to see if Fed will finally taper stimulus this week. * Yen bounces back from 5-yr low vs dollar ahead of Fed. * Aussie under pressure after soft China PMI. By Ian Chua and ... | |
PRECIOUS-Gold eases as Fed meeting looms, stimulus outlook eyed Reuters ... slideshows. * Gold slips after 1.2 percent gain in the previous session * Traders await Fed statement on Wednesday before taking positions * Silver drops after China PMI data (Updates prices) By A. Ananthalakshmi SINGAPORE, Dec 16 (Reuters) - Gold ... | |
Loehmann's Designer Discounter Files for Bankruptcy Bloomberg Loehmann's Holdings Inc., the New York-based seller of discounted designer goods operated by Whippoorwill Associates Inc., sought bankruptcy protection for a third time amid growing competition from discount chains. Loehmann's listed assets of as much ... | |
Refilling the Tank With Hess Wall Street Journal It has been quite a year for Hess. The oil mini-major's stock, for years a laggard, have risen 49% in 2013 to date, trouncing both its sector and the S&P 500. Roughly a third of that gain, however, came in just two trading sessions in January. That is when it ... | |
How the AP-GfK poll was conducted Washington Post The Associated Press-GfK poll on the health care overhaul was conducted by GfK Public Affairs and Corporate Communications Dec. 5-9. It is based on online interviews of 1,367 adults who are members of GfK's nationally representative KnowledgePanel. | |
Australia's S&P/ASX 200 Flat Before Events This Week NASDAQ 0237 GMT [Dow Jones] Australia's S&P/ASX 200 is down 0.1% at 5092 before events this week including RBA minutes, the federal government's mid-year economic and fiscal update and the U.S. Federal Reserve's FOMC meeting. However, the index is on ... | |
New daily paper planned for Los Angeles San Jose Mercury News LOS ANGELES -- The owner of the Orange County Register plans a new daily newspaper in Los Angeles, the boldest step yet in an expansion across Southern California that emphasizes printed publications while others in the industry are focusing on digital. | |
Megan McArdle: Obamacare counting on insurers to make it work Kansas.com The Department of Health and Human Services recently held a conference call for journalists with Kathleen Sebelius and other members of the Obamacare team in which they announced yet another round of fixes. Most of them are aimed at folks who lost ... | |
CEO's legacy: Strong profits, products Automotive News DETROIT -- Dan Akerson's tenure as General Motors chairman and CEO began suddenly and will end almost as abruptly. Akerson got the job in 2010 by virtue of being the only one of the board of directors to volunteer when they were caught off guard by Ed ... | |
Iowa City Sees Sunday Delivery from Postal Service KCRG IOWA CITY, Iowa - A swell in the number of holiday packages this season has led the United States Postal Service to provide Sunday package delivery for Iowa City and a few other cities throughout the state. Richard Watkins, a Postal Service spokesman, ... | |
Two Total refineries in France to shut down over strikes Business Recorder Striking Total workers have voted to shut down two oil refineries run by the French oil company due to a row with management over annual pay rises, union representatives told Reuters on Sunday. Workers at five Total refineries around France launched a ... | |
US stocks make a mild rebound on Friday Business Standard U.S. stocks made a mild rebound on Friday, 13 December 2013 but ended the week lower, as investors looked toward a Federal Reserve meeting next week that could start the curtailment of the Fed's equities-boosting stimulus program. In the absence of ... | |
How Fannie Mae Soared 990% in 2013 Motley Fool Government-sponsored mortgage enterprise Fannie Mae (NASDAQOTCBB: FNMA ) has had an amazing year, with its stock having soared 990% so far in 2013. As recently as February, most investors had given up Fannie Mae and sister mortgage GSE ... | |
Ruth Bass: Time Warner increases our remoteness Berkshire Eagle If anyone out there still thinks corporations aren't in charge, he/she should dwell a moment on Time-Warner Cable's outrageous announcement about NECN. In a few weeks, Matt Noyes, Tim Kelly, Leslie Gaydos and their compatriots will no longer be guests ... | |
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