US Economy Begins to Hit Growth Stride Wall Street Journal The U.S. economy grew at its fastest pace in two years, as a recovery that has otherwise chugged along in fits and starts builds up a head of steam going into the new year. The government's main growth gauge—gross domestic product—grew at a 4.1% ... | |
China's Short-Term Rates Defy Calming Measures New York Times HONG KONG — Money market rates in China surged again on Friday, shrugging off the central bank's efforts a day earlier to provide more liquidity to the market and raising fears that the Chinese financial system could be hit by a credit crunch similar to the ... | |
News Corp. Buys a Media Start-Up for $25 Million New York Times In a move highlighting the increasing role that user-generated content plays in the news business, News Corporation, owner of The Wall Street Journal, announced on Friday that it had bought Storyful, a company that calls itself a "social news" agency. | |
Gannett gets FCC approval for Belo deal USA TODAY The Federal Communications Commission on Friday approved Gannett's proposed acquisition of competitor Belo, clearing all regulatory hurdles for the McLean, Va.-based company to boost its TV business in pursuit of lucrative broadcast advertising and fees ... | |
Administration opens first hole in health law mandate Los Angeles Times WASHINGTON -- The Obama administration has opened a small, but potentially important, hole in a key requirement of the new healthcare law, letting some people who have had insurance policies cancelled avoid the requirement to buy coverage next year. | |
S&P takes away European Union's AAA credit rating Washington Post PARIS — The Standard & Poor's rating agency says it has downgraded the European Union's credit rating, stripping it of the highest grade of AAA. The agency said Friday that a bitter battle over the EU budget and worsening creditworthiness of its members ... | |
Fed's Rosengren: Would Have Waited to Taper Fox Business The lone dissenter this week on the Federal Reserve's landmark decision to begin to pare its massive bond-buying program said he would have preferred to wait until March to be sure the recovery is on firm footing. But Eric Rosengren, president of the ... | |
U.S. Stocks, Treasury Bonds Gain as GDP Tops Economist Forecasts San Francisco Chronicle Dec. 20 (Bloomberg) -- U.S. stocks and Treasury bonds rose as a report showed the economy expanded in the third quarter at a faster rate than previously estimated. Chinese shares posted their longest slump since 1994 as money rates surged. The Standard ... | |
Cash crunch fears hit China stocks, yen at five-year low vs dollar Reuters India TOKYO (Reuters) - Chinese stocks stumbled on Friday on concerns over a cash crunch, while Asian shares crept higher, with investors reassessing the Federal Reserve's policy outlook after its decision this week to start tapering stimulus. The dollar climbed ... | |
European stocks inch up, euro dips on S&P downgrade Reuters LONDON (Reuters) - European shares inched up on Friday with riskier assets still in demand following a broadly neutral shift in U.S. monetary policy, and the euro dipped after a credit agency cut its rating on the European Union. The FTSEurofirst 300 .FTEU3 ... | |
Tim Draper Wants To Split California Into Pieces And Turn Silicon Valley Into Its ... TechCrunch TechCrunch has learned about noted technology investor Tim Draper's plan to split California into six separate states, including a Northern California slice appropriately named "Silicon Valley." Draper shared his vision with TechCrunch tonight. He says he's ... | |
Big US online retailer to accept Bitcoin Financial Times Overstock plans to become the first big US online retailer to accept Bitcoin, as Patrick Byrne, the company's libertarian chief executive, warms to the virtual currency as a refuge from government control. Mr Byrne told the Financial Times that Overstock planned ... | |
PRECIOUS-Gold drops to 6-month low on taper sell-off, could fall further Reuters ... Print. * Gold hits fresh 6-month low, close to weakest in 3-1/2 yrs * Prices could fall below 2013-low on Fri - trader * SPDR outflows continue, physical demand lacklustre (Updates prices) By A. Ananthalakshmi SINGAPORE, Dec 20 (Reuters) - Gold ... | |
FED FOCUS-Bernanke's 11th hour pivot smooths path for Yellen at Fed Reuters ... Print. * Bond-buying reduction offers roadmap for Yellen. * More hawkish voters on monetary policy next year. * Dialing down stimulus could help maintain Fed consensus. By Ann Saphir and Jonathan Spicer. SAN FRANCISCO/NEW YORK, Dec 20 ... | |
GLOBAL MARKETS-US bonds fall, stocks stall after Fed tapers Reuters ... Print. * U.S. bond prices fall on doubts over low-rate outlook. * S&P 500 stalls near record high, Dow extends rise. * European, Japanese stocks rally after U.S. gains. * Gold stumbles to 6-month low on less Fed stimulus. By David Gaffen and Richard Leong. | |
European Factors to Watch-Shares head for best week in 8 months Reuters LONDON Dec 20 (Reuters) - European shares were expected to open higher on Friday, with investors seen riding on a positive momentum after the previous session's strong rally following the Federal Reserve's move to only modestly cut stimulus measures. | |
Have markets finally received Bernanke's taper message? Reuters (Reuters) - Thanks goodness it's over. Financial market behavior ahead of last night's announcement by Ben Bernanke on a gradual reduction in U.S. monetary stimulus has been tedious and irritating, rather like listening to whining children in the back of the ... | |
Leading Index Gain Signals US Strengthening: Economy (1) Businessweek A "For Sale" sign stands in the yard of a single family home in Denver on Dec. 13, 2013. Photographer: Matthew Staver/Bloomberg. The gauge of leading indicators rose more than forecast in November, underscoring the Federal Reserve's view of an ... | |
Deutsche Bank Victory in Mortgage Suit May Limit New Claims (2) Businessweek A Deutsche Bank AG (DBK) unit won dismissal of a suit brought by mortgage-bond investors after an appeals court determined the claims were subject to a six-year statute of limitations that began to run when the deal closed -- a ruling that may limit new suits. | |
Asia Braces for Market Volatility as Fed Starts to Taper (2) Businessweek Asian officials braced for some financial-market volatility after the Federal Reserve announced plans to reduce its monetary stimulus, with South Korea pledging to act to cool currency fluctuations if needed. Recent movement by the South Korean won against ... | |
California jobless rate continues positive trend Businessweek SACRAMENTO, Calif. (AP) — California's jobless rate dropped to 8.5 percent in November, the state Employment Development Department said Friday, continuing a positive trend after increasing temporarily over the summer. The unemployment rate fell ... | |
Jazz Pharma to buy Italy's Gentium for $1 billion Reuters (Reuters) - Ireland-based Jazz Pharmaceuticals Plc (JAZZ.O) said it would buy Italian biotech company Gentium S.p.A. (GENT.O) for about $1 billion to get access to its lead product candidate, Defitelio, a drug used for the treatment of a rare liver condition. | |
Can Chen do for Blackberry what Jobs did for Apple? MarketWatch SAN FRANCISCO (MarketWatch) — BlackBerry Inc.'s new interim chief executive John Chen has been pretty quiet about his plans for the ailing smartphone maker, but investors are hoping for some clarity on Friday when the company is expected to report ... | |
Traders Buzz: Oracle Corporation, General Electric Company, Ariad ... MarketWatch Dec 19, 2013 (ACCESSWIRE via COMTEX) -- New York, December 19, 2013 / Accesswire / - Market Buzz Report, which provides live alerts on penny stocks, issues critical stocks analysis for Oracle Corporation (NYSE:ORCL) , General Electric Company ... | |
Facebook Announces Proposed Follow-On Offering MarketWatch MENLO PARK, Calif., Dec. 19, 2013 /PRNewswire via COMTEX/ -- Facebook, Inc. (NASDAQ:FB) today announced that it is commencing an underwritten registered public offering of 70,000,000 shares of its Class A common stock. A total of 27,004,761 shares ... | |
Stocks flat day after big surge Newsday U.S. stock indexes ended up pretty much where they started on Thursday after markets surged a day earlier to record highs. The market gained the most in more than two months Wednesday after the Federal Reserve said it was trimming its stimulus efforts. | |
McDonald's Has To Get Rid Of 10 Million Pounds Of Mighty Wings San Francisco Chronicle McDonald's has 10 million pounds of Mighty Wings it needs to sell soon. The wings, which represent 20% of the chicken wings produced for a promotion, are in frozen storage, writes Julie Jargon at The Wall Street Journal. McDonald's was "unable to sell ... | |
Outdated Magnetic Strips: How US Credit Card Security Lags KOSU Criminals may have stolen information from 40 million credit and debit cards used at Target. A possible weakness? The magnetic stripe on credit cards — which fraudsters can pull credit card numbers and expiration dates from to make counterfeit cards. | |
ADM seeks to expand carbon capacity The State Journal-Register The Mount Simon Sandstone formation underlies much of the Midwest. The Illinois Basis portion includes much of Illinois and portions of Indiana and Kentucky at thicknesses of less than 500 feet to more than 2,000 feet. Source: Illinois State Geological ... | |
Cubetensils Children's Eating Utensils Recalled by Edoche Due to Choking ... Sacramento Bee WASHINGTON, Dec. 19, 2013 -- /PRNewswire-USNewswire/ -- Consumers should stop using this product unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product. | |
Cathay Pacific reports rise in cargo aircargoworld Cargo tonnage was up at Cathay Pacific and sister carrier Dragonair during November compared to November 2012. The two airlines carried 147,450 tonnes of cargo and mail last month, an increase of 4.7 percent compared to November 2012. The cargo ... | |
Stock futures signal lower opening, dollar climbs to five-year high vs. yen Seeking Alpha Stock futures indicate investors will take a pause from yesterday's record closing highs, adding to losses after weekly jobless claims rose to the highest level since late March; Dow and S&P futures -0.3%. European bourses are strong after yesterday's Fed ... | |
Healthcare reform insurance deadline will be met, says HHS Live Insurance News The department has vowed that it will be prepared for the start of the insurance plans on January 1. The Department of Health and Human Services has announced that the HealthCare.gov website will be able to handle the volume of visitors that will be ... | |
US stocks open lower despite jobless data; Dow Jones down 0.11% Investing.com Investing.com - U.S. stocks opened lower on Thursday, despite upbeat U.S. jobless claims data as markets took a breather after the Federal Reserve's decision to begin tapering its stimulus program next month sent global equities higher on Wednesday. | |
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