GLOBAL MARKETS-Asia shares waver, bond yields climb into US data Reuters ... slideshows. * Markets on defensive going into US payrolls data. * Nikkei steadies after two days of losses. * Bond yields up on risk Fed tapers stimulus this month. * European stocks seen opening flat to slightly firmer. By Wayne Cole. SYDNEY, Dec 6 ... | |
Ex-Goldman VP gets 9 months CNN A former Goldman Sachs vice president and trader, was on Friday sentenced to nine months in prison by a federal judge in Manhattan for trying to cover up an $8.3 billion trade. Matthew Taylor, age 34, pleaded guilty to wire fraud in April. As a result, he has ... | |
Mexico hospitalizes six suspected of stealing radioactive material Reuters MEXICO CITY (Reuters) - Six men suspected of stealing a dangerous radioactive cargo from a truck outside Mexico City earlier this week have been treated in a hospital for signs of radiation exposure and remain under police guard, officials said on Friday. | |
UPDATE 1-Qantas relegated to junk status after shock loss warning Reuters ... Stocks. * Cut means Qantas could lose investors, faces higher fees. * Airline expects H1 loss of A$250 million-A$300 million. * Moody's reviewing rating on carrier, downgrade possible. By Ian Chua and Jane Wardell. SYDNEY, Dec 6 (Reuters) - Embattled ... | |
Sears Holdings to spin off its Lands' End unit Los Angeles Times Sears plans to spin off its Lands' End unit, which has stayed profitable amid losses by the department-store chain. Sears Holdings Corp. plans to spin off its Lands' End Inc. unit, giving investors a piece of a profitable clothing brand amid almost nine years of ... | |
Dollar Higher Against Yen Ahead of US Jobs Data Wall Street Journal The dollar was trading higher against the yen in Asia on Friday, but still remained largely range-bound as many traders stayed on the sidelines ahead of closely watched U.S. jobs data due later in the global day. Investors will closely monitor the key U.S. jobs ... | |
LA sues Wells Fargo, Citigroup over foreclosures Seattle Post Intelligencer LOS ANGELES (AP) — The Los Angeles city attorney sued Wells Fargo and Citigroup on Thursday, alleging the companies engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the housing crash. The twin ... | |
Stolen cobalt-60 found in Mexico Washington Post December 5, 2013 8:46 AM EST — A missing shipment of radioactive cobalt-60 was found Wednesday near where a stolen truck transporting the material was abandoned in central Mexico, the country's nuclear safety director said. (Associated Press) ... | |
Calif. citrus growers toil to fight freeze Houston Chronicle SANTA ANA, Calif. (AP) — After the orange harvesting and the sun sets, the toughest part of John S. Gless' day is just beginning: a desperate fight to stave off a cold spell threatening to destroy his citrus crop. The vice president and manager of Gless Ranch, ... | |
Officials give green light to Boston's first parking-free condo development Boston.com Boston regulators Thursday night approved the city's first parking-free condominium building next to North Station, setting a bold precedent in an effort to reduce automobile use in the densely-packed downtown. The 175-unit condominium building is slated to ... | |
Stock market jumps after strong jobs report Detroit Free Press NEW YORK — Good news was finally good news for the stock market on Friday. Stocks rose sharply after the government reported a fourth straight month of solid U.S. job gains, the latest encouraging sign for the economy. The strengthening job market ... | |
The Downside to FHA Loans New York Times Mortgages insured by the Federal Housing Administration are the go-to product for borrowers who don't have much cash for a down payment. But the required mortgage insurance premiums have become so costly that some critics argue that the agency is ... | |
J.C. Penney Discloses SEC Inquiry Into Finances, Offering Bloomberg J.C. Penney Co. (JCP) disclosed that the U.S. Securities and Exchange Commission asked for information about the retailer's finances, including a stock sale in September that it's using to fund an attempted turnaround. J.C. Penney received a letter from the ... | |
Consumer Credit in US Rose in October by Most in Five Months Bloomberg Consumer borrowing rose in October by the most in five months as credit-card use picked up and Americans took out more loans for car purchases and education. The $18.2 billion increase in credit followed a revised $16.3 billion gain in September that was ... | |
Time Warner Cable's Next CEO Ready to Sell If Price Is Right Bloomberg Rob Marcus has a message for Time Warner Cable Inc. (TWC) shareholders: I'm the right guy to decide whether to sell the company. The 48-year-old chief operating officer is replacing Glenn Britt as Time Warner Cable's chief executive officer on Jan. 1, amid ... | |
In the Murky World of Bitcoin, Fraud Is Quicker Than the Law New York Times Sarah Meiklejohn, a graduate student at the University of California, San Diego, who Sandy Huffaker for The New York Times Sarah Meiklejohn, a graduate student at the University of California, San Diego, who researches the Bitcoin economy. The call went ... | |
Jobless Claims in U.S. Unexpectedly Drop to Two-Month Low Bloomberg Applications for U.S. employment benefits unexpectedly fell last week to the lowest level in more than two months as the data becomes more difficult to adjust for seasonal variations during the year-end holiday period. Jobless claims decreased 23,000 to ... | |
US Stocks Drop a 5th Day as Economic Data Fuel Stimulus Bets Businessweek Traders work on the floor of the New York Stock Exchange. Photographer: Jin Lee/Bloomberg. U.S. stocks declined a fifth day, sending the Standard & Poor's 500 Index to a two-week low, after improving economic data boosted bets the Federal Reserve will ... | |
Stocks Fall for Fifth Day in a Row Wall Street Journal The Dow Jones Industrial Average suffered its fifth loss in a row after upbeat U.S. economic news renewed worries the Federal Reserve soon may start to withdraw its economic-stimulus efforts. The Dow fell 68.26 points, or 0.4%, to 15821.51, with the blue ... | |
India Continues to Oppose WTO Deal Wall Street Journal NUSA DUA, Indonesia—India on Thursday refused to back down in its opposition to a proposed global trade deal, possibly dealing a death blow to World Trade Organization talks that have meandered for years without a conclusion. Indian Trade Minister ... | |
US top nuke regulator urges storage solution Houston Chronicle TOKYO (AP) — The top U.S. nuclear regulator on Friday said nuclear energy users, including Japan, must figure out how to ultimately store radioactive waste. Allison Macfarlane, head of the Nuclear Regulatory Commission, said in Tokyo that finding an ... | |
China Chases Renewable Energy as Coast Chokes on Air Wall Street Journal A man wears a mask while walking on a bridge during a hazy day in Shanghai's financial district of Pudong December 5, 2013. New figures in China show the country adding clean, renewable electricity generation faster than it is expanding capacity of more ... | |
How Has Fed Taper Talk Impacted Financial Markets? Bloomberg Dec. 5 (Bloomberg) -- Oppenheimer's John Stoltzfus discusses the outlook for the U.S. stock market and Federal Reserve monetary policy with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg). Please enable JavaScript to view ... | |
FOREX-Dollar mired near 5-week low ahead of US jobs data Reuters ... slideshows. * Dollar index hovers near five-week low. * Euro steady near five-week high vs USD in wake of ECB. * USD near-term outlook hinges on non-farm payrolls. * Strength of US jobs will shape expectations for Fed taper. By Ian Chua and Masayuki ... | |
Gross Says All Asset Markets Artificially Mispriced by Fed Bloomberg Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said unprecedented monetary accommodation has lifted prices of stocks and bonds to levels that exceed measures of true value. "All asset prices, whether it be bonds, ... | |
Fed uncertainty sends the Dow, S&P 500 down for fifth day Reuters NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the Dow and S&P 500 dropping for a fifth straight session after a round of mixed economic data left traders guessing as to when the Federal Reserve would begin to slow its stimulus program. The Dow ... | |
Bundesbank raises growth outlook for Germany Reuters FRANKFURT Dec 6 (Reuters) - Germany's Bundesbank raised its forecast for growth of the euro zone's largest economy this year and next on Friday, highlighting the increasing divergence between the currency block's member countries. The bank said it ... | |
Taper Tantrums Continue To Dominate Market Action MarketWatch To the casual observer, the decline of two points on the S&P 500 (NAR:SPY) , 25 points on the DJIA (NAR:DIA) , and a gain of 0.80 points on the NASDAQ Composite (NASDAQ:QQQ) might seem to indicate that it had been a pretty dull day at the corner of ... | |
EU Carries Out Antitrust Raids Related to Potential Restrictions on Online Sales Wall Street Journal BRUSSELS–The European Union's antitrust authorities said late Thursday they carried out raids on a number of companies in the manufacture, distribution and retail of consumer electronic products and small domestic appliances. "The Commission has ... | |
US economy grows at 3.6 percent rate in 3rd qtr. Businessweek WASHINGTON (AP) — The U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a trend that could reverse in the current quarter and ... | |
2013: Luxury Lending Made Easy Wall Street Journal Wealthy home buyers found that it was easier and cheaper to get a mortgage in 2013. For much of the year, lenders have been courting affluent home buyers with enticing terms on private jumbo mortgages, which exceed $417,000 in most parts of the country ... | |
New Bedford tries to clean up mess Warren Buffett left behind SouthCoastToday.com Standing on the hurricane barrier, New Bedford Mayor Jon Mitchell has his back to the former Berkshire Hathaway mill complex in the Wall Street Journal photo published a few days ago. It's fitting, really. Berkshire Hathaway tycoon Warren Buffett turned his ... | |
BARNES & NOBLE INC - 10-Q - : Management's Discussion and Analysis of ... HispanicBusiness.com Liquidity and Capital Resources The primary sources of Barnes & Noble, Inc.'s ( Barnes & Noble or the Company) cash are net cash flows from operating activities, funds available under its credit facility, cash received and committed in connection with the ... | |
ALEC's Campaign Against Renewable Energy Mother Jones This story first appeared on the Guardian website and is reproduced here as part of the Climate Desk collaboration. An alliance of corporations and conservative activists is mobilizing to penalize homeowners who install their own solar panels—casting them ... | |
Health insurance cancellations - a personal wake-up call KALW Millions of Americans have received letters from insurance companies in the last few months, cancelling their health plans. It's part of the transition to the Affordable Care Act, and it's sparked anger and confusion. President Obama has been trying to address ... | |
Jobs report to help show if US economy is for real TheNewsTribune.com FILE- In thisTuesday, July 16, 2013, file photo, a covered vehicle sits in part of the new paint shop at Chrysler's Sterling Heights Assembly Plant in Sterling Heights, Mich. The Commerce Department issues its second of three estimates of how fast the U.S. ... | |
Prosecutors face tough choices in NYC derailment Marquette Mining Journal NEW YORK (AP) — While the Metro-North Railroad is already getting hit with multimillion-dollar civil claims over a deadly commuter train derailment, prosecutors will face tough choices when deciding whether to bring criminal charges against the train's ... | |
Incoming American Airlines CEO outlines post-merger plans Tulsa World An American Airlines plane and a US Airways plane are parked at Ronald Reagan Washington National Airport in Washington. The merger of the two airlines is set to close Monday. SUSAN WALSH / Associated Press file. Posted: Thursday, December 5, ... | |
Starbucks' $450 metal gift cards will go fast WXIA-TV For the second year in a row, Starbucks is rolling out an ultra-limited edition, $450 metal, gift card for the holidays - pre-loaded with $400. But this year, it's literally five times more exclusive. Last year, the coffee giant made 5,000. This year, it's making a mere ... | |
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