Taxpayers Don't Have Government Motors To Kick Around Any More Forbes The U.S. Treasury today announced that it has sold all of the remaining shares of General Motors General Motors common stock, ending four-and-a-half years of government ownership. Taxpayers recouped about $39 billion of the $50.1 billion pumped into ... | |
Banks, regulators moving to thwart cyberattacks USA TODAY WASHINGTON — Financial regulators and industry officials said Monday they have made progress in efforts to safeguard financial institutions from the kind of cyberattacks that disrupted large-bank websites last year but much work remains. The government ... | |
Stocks: New closing high for S&P 500 USA TODAY NEW YORK -- Wall Street saw a modest lift in stock prices Monday, pushing the broad S&P 500 above its record close and extending the gains from Friday that were sparked by a stronger-than-expected reading on job growth. The Standard & Poor's 500 ... | |
U.S.-Owned Mortgage Backers' Guarantee Fees Increased by FHFA Bloomberg Fannie Mae (FNMA) and Freddie Mac, the U.S.- owned mortgage-finance companies, will raise the fees they charge lenders to guarantee loans as part of an effort to shrink their presence in the mortgage market, the Federal Housing Finance Agency said. | |
Budget deal expected this week amounts to a cease-fire as sides move to avert a ... Boston.com WASHINGTON — House and Senate negotiators were putting the finishing touches Sunday on what would be the first successful budget accord since 2011, when the battle over a soaring national debt first paralyzed Washington. The deal expected to be ... | |
Fed's Fisher wants December taper, clear path to end of QE3 Reuters CHICAGO (Reuters) - The Federal Reserve should start to trim its massive bond-buying program next week, and spell out a clear path for phasing it out altogether, a top Fed official said on Monday. "It is time to taper," Dallas Federal Reserve Bank President ... | |
Germany's Trade Surplus Narrows Wall Street Journal FRANKFURT--Germany's trade surplus was lower than expected in October, as imports sharply rose from September, outpacing a modest increase in exports, data from the federal statistics office showed Monday. The trade surplus, adjusted for seasonal and ... | |
Sysco to Buy US Foods for $3.5 Billion, Uniting Distributors San Francisco Chronicle (Updates with closing stock price in fifth paragraph.) Dec. 9 (Bloomberg) -- Sysco Corp. agreed to acquire closely held US Foods for $3.5 billion, adding brands from Cattleman's meat to Devonshire desserts, in the largest food-distribution deal in eight years in ... | |
US household wealth reaches high of $77 trillion Appeal-Democrat A surging stock market and a steady recovery in home prices drove Americans' wealth to a record last summer. The nation's wealth rose 2.6 percent from July through September to $77.3 trillion, the Federal Reserve said Monday. Household wealth has been ... | |
HSBC sounds out spin-off of UK unit Financial Times HSBC has sounded out investors about a flotation of its UK arm, in a move that would realise value from its high street banking business and address regulatory pressures. The bank has in recent weeks asked investors whether they would support the sale of ... | |
Connecticut foreclosure rate 5th highest in US Torrington Register Citizen Connecticut had the nation's fifth highest inventory of homes in foreclosure in October as a percentage of all mortgaged homes, according to the latest data from a California-based business analytics company. Only Florida, New Jersey, New York and Maine ... | |
Soaring rents are putting many families in peril Boston Globe Rapidly rising rents in Massachusetts and across the country are making housing unaffordable for a significant share of families and pushing many into homelessness, according to a study released Monday by Harvard University. Massachusetts has the ... | |
Cerberus offers investors way out of gunmaker Freedom Group Financial Times Cerberus is offering its investors a way to sell their interest in the maker of the gun used in the Newtown school shootings a year ago after the US private equity group failed to deliver on its promise to dispose of the company. Freedom Group's Bushmaster rifle ... | |
Europe's Morning MoneyBeat: Strong Tailwinds Blow European Stocks Into New ... Wall Street Journal Local mainboards seem set for gains from the bell Monday as some perky Chinese export data over the weekend add to the good vibes, most of which had emanated from the U.S. labor market after Friday's consensus-thrashing rise in non-farm payrolls. | |
Asian stocks higher after US, China data but Sydney underperforms CNBC.com Asian equity markets kicked off the week mostly higher on Monday on the back of positive economic data from the world's second largest economy and after strong U.S. jobs data spurred gains on Wall Street at the end of last week. (Read more: A China data ... | |
Fearing the Fed, aching for the ECB Reuters BRUSSELS (Reuters) - Investors are sorely missing clarity on the world economy as the year draws to a close, and neither European finance ministers nor a new U.S. central bank president are likely to provide it. Inconclusive data in the United States has ... | |
Covidien buys camera-in-a-pill maker Given Imaging for $860 mln Reuters TEL AVIV Dec 8 (Reuters) - Medical device maker Covidien PLC will acquire Israeli camera-in-a-pill maker Given Imaging for $30.00 per share in cash, or a total of $860 million, the companies said on Sunday. Given Imaging has developed technology for ... | |
First China Default Seen as Record $427 Billion Debt Due Bloomberg A man exercises in Guangzhou, China. Bond sales by Chinese companies are down 24... Read More. A man exercises in Guangzhou, China. Bond sales by Chinese companies are down 24 percent to 1.55 trillion yuan this half-to-date compared with the first ... | |
EADS Prepares to Emerge as Airbus Wall Street Journal Top EADS executives Monday will meet with labor representatives to unveil their restructuring plans, according to people familiar with the discussions. Elements are likely to include cutting middle managers, moving production staff and selling office buildings, ... | |
FOREX-Euro in favour as brisk US jobs data lifts risk appetite Reuters ... slideshows. * Euro hits six-week highs vs USD, five-year peak on yen. * Strong payrolls data boosts risk sentiment. * Tapering of Fed stimulus expected by March. * Aussie also firmer due in part to strong China trade data. By Hideyuki Sano and Ian Chua. | |
Comcast Hires JPMorgan as Adviser for Possible Time Warner Cable Bid New York Times The hiring of JPMorgan suggests that Comcast is seriously considering Time Warner Cable's invitation to combine William Thomas Cain/Getty Images The hiring of JPMorgan suggests that Comcast is seriously considering Time Warner Cable's invitation to ... | |
French finance minister hopeful EU bank union deal clinched before year-end Reuters PARIS (Reuters) - France hopes a deal will be clinched on a European banking union before the end of 2013, the country's Finance Minister Pierre Moscovici said on Sunday. In Berlin on Friday European finance ministers and senior EU officials met to try to ... | |
Paris Stocks Seen Opening Up -- Market Talk Wall Street Journal 0744 GMT [Dow Jones]--France's CAC-40 stock index is likely to open +0.3% at 4,141.76 points following a strong equity market in New York on Friday and rising Asian shares on Monday morning, a Paris-based trader says. The Dow Jones Industrial Average ... | |
Abercrombie & Fitch Investors: Looking to Oust the CEO? DIY Fashion Abercrombie & Fitch has been no stranger to controversy, and in an effort to boost the label's negative image, investors are calling for CEO Mike Jeffries to step down. The condescending-statement slinging figurehead drug A&F into a world of trouble earlier ... | |
Federal Reserve Bond Buying Program Predictions From LoanLove.com Sacramento Bee SAN DIEGO, Dec. 9, 2013 -- /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that sidesteps the stuffy professional language of most mortgage advisors and gives detailed and in-depth loan advice and info in a clear, easy to understand, ... | |
Microsoft mum as Nokia struggles to resolve tax dispute Financial Express Even as the Delhi High Court resumes hearing on the Nokia tax dispute on Monday, Microsoft, eager to settle the acquisition row without any hassles, is keeping its fingers crossed. The software major does not want to meddle with the legal tangle Nokia ... | |
Morning MoneyBeat Asia: Taper Concerns? What Taper Concerns? Wall Street Journal (blog) Market Snap: At the New York close on Friday, for the wee: S&P 500 down 0.04% at 1805.09. DJIA down 0.4% at 16020.20. Nasdaq Comp up 0.06% at 4062.52. Treasury yields up; 10-year at 2.881%. Nymex crude oil up 5.3% at $97.65. Gold down 1.6% at ... | |
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