An Easing of Rules on Charges by Amex New York Times After a decade of legal battles, the three major credit card companies are backing away from longstanding policies that prevented merchants from charging customers extra for paying with plastic. Enlarge This Image ... | |
White House Eases More Health Law Rules New York Times WASHINGTON — Millions of people facing the cancellation of health insurance policies will be allowed to buy catastrophic coverage and will be exempt from penalties if they go without insurance next year, the White House said Thursday night. Enlarge This ... | |
Dollar Rises Against Peers After Fed Cuts Stimulus; Yen Rebounds Businessweek The dollar climbed against most of 16 major counterparts after the Federal Reserve decided to slow stimulus that's seen to have debased the U.S. currency, reinforcing prospects the world's largest economy is improving. Traders' expectations for currency ... | |
Target Hit by Credit-Card Breach Wall Street Journal The Secret Service is probing a breach of Target's credit-card reading devices. Michael Reynolds/European Pressphoto Agency. The theft was national in scope and happened in stores, not online, and may have involved tampering with the machines ... | |
Mortgage manager in $2B deal over loan abuses USA TODAY WASHINGTON (AP) — Ocwen Financial will reduce struggling borrowers' loan balances by $2 billion in an agreement with federal regulators and 49 states over foreclosure abuses. The Consumer Financial Protection Bureau and state attorneys general ... | |
Japan Shares Fall Before BOJ as Food, Chemical Makers Dip Bloomberg Japanese shares fell, after the Topix index rose for the past three days, ahead of a Bank of Japan policy statement today. Food and chemical makers led declines among the gauge's industry groups. The Topix slipped 0.3 percent to 1,259.36 as of 9:04 a.m. in ... | |
NYC council bans e-cigarettes, foam containers Fox News NEW YORK – New York City lawmakers paved the way Thursday for an eventual ban on plastic foam containers, added electronic cigarettes to the city's already stringent smoking bans and approved the creation of a website that will help the public track ... | |
Stock futures dip after Fed's mini-'taper' USA TODAY U.S. stock futures traded with slight losses Thursday following the Federal Reserve's decision to trim its stimulus. Dow Jones industrial average index futures dipped 0.1% and Nasdaq index futures declined 0.2%. In the previous session, investors took ... | |
Congress Is Warned Anew Not to Breach Debt Ceiling New York Times WASHINGTON — With its new budget deal, Congress has avoided one threat of another government shutdown. But unless Congress acts, the threat of a breach of the debt ceiling looms early next year, the Treasury Department warned in a letter to ... | |
Tech stocks: Zuckerberg to sell some Facebook shares USA TODAY Shares of Facebook have slipped 1.6% in morning trading after the social network announced it would offer 70 million shares for sale. The Associated Press reports the number includes 41 million from Facebook CEO Mark Zuckerberg, who plans on buying a ... | |
US STOCKS-Dow inches up to record close on quiet trading day Reuters ... Stocks. * Dow ends at second straight record high. * Oracle rallies after results; Red Hat up late. * U.S. jobless claims near 9-month high; home resales slide. * Dow up 0.1 pct, S&P 500 down 0.1 pct, Nasdaq off 0.3 pct. By Ryan Vlastelica. NEW YORK, Dec ... | |
Ex-Microsoft exec charged with insider trading CNNMoney A former Microsoft executive and his friend are facing civil and criminal insider trading charges after allegedly pocketing nearly $400,000 from illegal trades. The executive, Brian Jorgenson, 32, worked in Microsoft's corporate finance and investment division, ... | |
Asian Morning Briefing: Fed Taper Holds Sway Wall Street Journal The U.S. Federal Reserve's announcement Wednesday that it would begin to wind down its bond-buying program continued to be the main driver of markets. The Dow industrials inched higher to another record close, oil also climbed, and the dollar ... | |
NORDIC STOCKS - Factors to watch on Dec 19 Reuters STOCKHOLM Dec 19 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Thursday: SAAB. Brazil has awarded a $4.5 billion contract to Saab AB to supply Brazil's air force with 36 new Gripen NG fighters by 2020. | |
Fed tapers, now the hard part begins BBC News Yet the Fed trimming its monetary stimulus - cutting its cash injections by $10bn to now inject $75bn per month - still managed to surprise. Despite the timing surprise, US stocks - the Dow and S&P 500 - closed at record highs on the so-called "taper" finally ... | |
Dow inches up to record close on quiet trading day Reuters NEW YORK (Reuters) - U.S. stocks finished mostly flat on Thursday as investors paused after a rally in the previous session, though the Dow closed at its second record high in a row. The Nasdaq declined slightly on weakness in tech shares, though its loss ... | |
Miami sues big banks over discriminatory mortgage lending Reuters MIAMI (Reuters) - Miami has sued Bank of America, Wells Fargo and Citibank in U.S. federal court in Florida, for discriminatory mortgage lending practices against minority residents that resulted in a rash of foreclosures, the city said on Thursday. The lawsuits ... | |
European shares rally as Fed sugar-coats taper move Reuters LONDON (Reuters) - European shares rallied on Thursday after the Federal Reserve sugar-coated the decision to start winding down its crisis-era stimulus with a promise to keep record low interest rates in place even longer than previously signaled. | |
Previously Owned Home Sales in US Drop for Third Month Bloomberg Previously (ETSLTOTL) owned U.S. home sales declined for the third consecutive month in November to the lowest level of the year as rising mortgage rates and a limited supply of properties discouraged buyers. Purchases dropped 4.3 percent to a 4.9 ... | |
Bay Area sets transit spending targets San Francisco Chronicle Regional transportation officials approved a spending strategy Wednesday that will concentrate the bulk of spending on public transportation for the next four decades on the Bay Area's largest systems: Muni, BART, AC Transit and, to a lesser degree, the ... | |
Bristol Nears $3 Billion Deal to Sell Stake in Diabetes Venture to Astra Wall Street Journal The deal between the two companies, which could be announced as early as Wednesday, is valued at more than $3 billion, some of the people said. Sales at the diabetes business, which sells drugs including Onglyza, Byetta and Bydureon, have ... | |
Dow rallies to a new high Los Angeles Times NEW YORK — The long-feared tapering of economic stimulus by the Federal Reserve powered the stock market to its latest record high as investors rejoiced at the prospect of stronger growth next year. The Dow Jones industrial average catapulted nearly ... | |
Elance Merges With ODesk to Boost Service for Freelancers Bloomberg Elance Inc. and ODesk Corp., two of the top websites that help freelancers to find jobs, are merging to create a service with a total of 8 million registered individuals. Fabio Rosati, chief executive officer of Elance, will lead the combined company, according to a ... | |
Wisconsin's unemployment rate drops slightly Businessweek The state Department of Workforce Development reported Thursday it's the state's lowest seasonally adjusted rate since December 2008. The unemployment rate in October was 6.5 percent. A year ago, it was 6.7 percent. The national unemployment rate was ... | |
Bayer to Buy Cancer-Drug Partner Algeta for $2.9 Billion Bloomberg Bayer AG (BAYN) agreed to buy Algeta ASA (ALGETA), its partner on a prostate-cancer medicine, for about 17.6 billion kroner ($2.9 billion), to gain control of the drug and experimental radiation therapies. Bayer will begin an offer to buy Algeta shares at 362 ... | |
US Volcker rule may have less impact on bank revenues than expected Reuters NEW YORK Dec 18 (Reuters) - The 900-plus page Volcker rule regulators released last week will not impact big bank trading revenues as much as banks had feared, said industry executives and consultants who have finally plowed through the rule. | |
US STOCKS-Wall St jumps after Fed announces stimulus cut Reuters ... Stocks. * Fed tapers purchases by $10 bln a month, keeps rates low. * November housing starts highest in nearly six years. * Ford, Jabil Circuit both tumble on outlook. * Dow up 1.1 pct, S&P 500 up 0.9 pct, Nasdaq up 0.4 pct. By Caroline Valetkevitch. | |
What Fed tapering means for you MarketWatch The Federal Reserve's funneling of trillions of dollars into the economy over the past five years has provided a shot in America's arm. The stimulus has affected consumers more than they realize, experts say, as will the eventual tapering. Shutterstock.com. | |
Hershey Enters Agreement to Acquire Majority Share of Shanghai Golden ... Wall Street Journal The Hershey Company (NYSE: HSY), the largest producer of quality chocolate in North America and a global leader in chocolate, sweets and refreshments, announced that its wholly-owned subsidiary, Hershey Netherlands B.V., has signed an agreement to ... | |
Fed Finds Elixir for Tapering QE as Markets Embrace Rate Outlook Businessweek Ben S. Bernanke, chairman of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 18, 2013. Photographer: Andrew Harrer/ ... | |
(CNW) Accenture Completes Acquisition of PCO Innovation Wall Street Journal NEW YORK, Dec. 18, 2013 /CNW/ - Accenture (NYSE: ACN) has completed its acquisition of PCO Innovation - a leading independent international consulting and systems integration group that specializes in product lifecycle management (PLM) software ... | |
Europe Factors to Watch-Shares set to rally as Fed modestly trims stimulus Reuters PARIS, Dec 19 (Reuters) - European stocks are set to rally on Thursday, tracking sharp gains on Wall Street after the U.S. Federal Reserve said it would modestly trim its stimulus programme and recommitted to low interest rates. The European telecom sector ... | |
Dollar Rises to 5-Year High Versus Yen as Fed Trims Bond Buying Businessweek The dollar rose to a five-year high versus the yen after the Federal Reserve officials voted to reduce monthly asset purchases that are seen as debasing the U.S. currency amid signs that economic growth is strengthening. The U.S. currency gained against ... | |
PRECIOUS-Gold drops in volatile trade after Fed says to cut stimulus Reuters ... slideshows. * Fed to cut monthly stimulus to $75 bln * Also lowers inflation, unemployment outlook * Stock market rally, dollar gains pressure gold * Coming up: U.S. Core PCE Price index Friday By Frank Tang NEW YORK, Dec 18 (Reuters) - Gold fell about ... | |
EM ASIA FX-Indonesia's rupiah at 5-year low, Thai baht weakens Reuters (Updates prices and table) SINGAPORE, Dec 18 (Reuters) - The Indonesian rupiah fell half a percent to its lowest levels since 2008 against the dollar on Wednesday, losing the most in Asia as investors cut positions just hours before the Federal Reserve ... | |
US STOCKS-Wall St flat before Fed's announcement on stimulus Reuters ... Print. * CBOE Volatility index falls as Fed decision on timing nears. * Nov. housing starts at highest in nearly six years. * Indexes: Dow up 0.3 pct, S&P up 0.1 pct, Nasdaq off 0.1 pct. By Angela Moon. NEW YORK, Dec 18 (Reuters) - U.S. stocks were little ... | |
Spinoff Plan Would Be Wrong Recipe for Darden Wall Street Journal The sarcastic take by "The Daily Show" on Olive Garden's new "Italiano" hamburger probably won't prove the adage that there's no such thing as bad publicity. Last year, an earnest review of a North Dakota branch by an octogenarian went viral but did little to ... | |
US budget uncertainties pose risk to global growth -UN Reuters UNITED NATIONS Dec 18 (Reuters) - The outlook for the global economy has improved thanks to the end of the euro zone recession and a slight improvement in U.S. economic growth, though political wrangling over the U.S. budget is a major risk factor, the ... | |
Futures Ease Back as Fed Alters Course ABC News Futures are easing back after the Fed announced a partial winding down of its massive economic stimulus program. KEEPING SCORE: Dow Jones industrial futures are down 20 points to 16,089 on Thursday. S&P futures have lost 2.7 points to 1,802. Nasdaq ... | |
Venezuela's president calls for higher gas prices Washington Post CARACAS, Venezuela — The price of the world's cheapest gasoline will start to nudge higher if Venezuela's president has his way. President Nicolas Maduro says he favors raising gas prices that have been stuck at around 5 cents a gallon for nearly two ... | |
Updates, advisories and surprises MarketWatch (4:11 PM ET) SAN FRANCISCO (MarketWatch) - Oracle Corp. (NYSE:ORCL) on Wednesday reported fiscal second-quarter profit of $2.55 billion, or 56 cents a share, compared with a profit of $2.58 billion, or 53 cents a share, for the year-earlier period. | |
India better prepared to deal with US tapering: Chidambaram The Hindu Attempting to soothe the stock markets, Finance Minister P. Chidambaram on Thursday said India is better prepared to deal with the situation arising out of a cut in U.S. bond purchases and markets have already factored in the impact of such a move. | |
Obamacare Q&A: Enrollment deadline looming; are you ready? Fresno Bee California Health and Human Services Secretary Diana Dooley speaks at Fresno State during a stop to help promote Covered California health services. Sixteen states, including California, run their own exchanges under Obamacare. MARK CROSSE ... | |
After Obamacare Fails, What Comes Next? The Chattanoogan The Affordable Care Act, also known as Obamacare, is going to fail. The important questions are: 1) What will replace it, and 2) How much damage will it inflict upon us before it is replaced by whatever comes next? Even Obama and his enablers do not really ... | |
Americans expected to set year-end holiday travel record The Albany Herald Passangers await a flight Wednesday in the terminal of Southwest Regional Airport in Albany. AAA The Auto Group is projecting that airline travelers will be down both in Georgia and nationally during the year-end holiday travel period, which is expected to be ... | |
Lockheed cuts ties with Boy Scouts Marietta Daily Journal The main entrance of the Lockheed Martin plant in Goodyear, Ariz., on Thursday. The Lockheed Martin Corp. is cutting ties with the Boy Scouts of America because the group does not allow gay Scout leaders, officials told the MDJ on Wednesday. | |
Homebuilder ETFs Rally After Fed Tapers Stimulus Investor's Business Daily Homebuilders provided the foundation for a robust stock market rally Wednesday following the Federal Reserve's announcement that it would slowly scale back its monthly bond purchases from $85 billion a month to $75 billion starting in January. IShares ... | |
GA unemployment drops to lowest point since 2008 WGCL Atlanta It decreased to 7.7 percent in November, its lowest point since November 2008, when it was 7.6 percent. The rate is down four-tenths of a percentage point from 8.1 percent in October, and a full percentage point from 8.7 percent in November a year ago. | |
Advent Software Stock Rating Upgraded by Zacks (ADVS) WKRB News Advent Software Inc. logo Advent Software (NASDAQ:ADVS) was upgraded by Zacks from an "underperform" rating to a "neutral" rating in a report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a $35.20 target price on the stock. | |
Amid News of Government Tapering, Mortgage Rates Begin to Climb to 4.52 ... National Mortgage Professional Magazine Rates on the most popular types of mortgages nudged higher this week according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages rose by two basis points (0.02 percent) to 4.52 percent. Conforming ... | |
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