Report: Foreclosure crisis is winding down USA TODAY The foreclosure crisis is nearing an end and won't derail the housing rebound underway in many parts of the country, real estate research firms say. Foreclosure activity in November was down 37% from a year ago and 15% from October, RealtyTrac reports ... | |
Will Great Rotation shift continue in 2014? USA TODAY The 2008 financial crisis scared Main Street investors, mainly because they lost a lot of money when the stock market lost more than half its value. As a result, individual investors yanked their money out of stocks and put it into bond funds. But with bonds ... | |
AP NewsBreak: Feds joins battle on citrus disease Washington Post ST. PETERSBURG, Fla. — The federal government is getting involved in the fight against citrus greening disease, in hopes of saving Florida's — and possibly the entire nation's — citrus crop. The U.S. Department of Agriculture will announce Thursday that it's ... | |
Aviation Schools Prepare for Boom in Drone Jobs ABC News Two student pilots are seated shoulder to shoulder before a bank of video monitors, maneuvering an unmanned aircraft by keyboard and mouse as the drone descends toward a virtual runway in a suburban landscape. Aaron Gabrielson and Andrew ... | |
Machinists reject Boeing's latest final offer for 777X deal The Seattle Times Negotiations between Boeing and the Machinists union over placing the 777X work in Washington state abruptly collapsed Thursday with the union rejecting what management described as its final offer. By Dominic Gates. Seattle Times aerospace reporter ... | |
Volkswagen America CEO steps down as sales slump Detroit Free Press Jonathan Browning, CEO of Volkswagen Group of America, will be stepping down in January as the German automaker deals with a sales slump in the U.S.. Volkswagen said Browning will be replaced by Michael Horn, 51, who is head of Volkswagen Group ... | |
Year winds down, but Hong Kong IPOs just ramping up CNBC.com Edmond Chan, Partner at PwC, says improving market sentiment and a high pipeline backlog will boost IPO activity in 2014. Hong Kong's market for initial public offerings (IPOs) looks like it's kicking into gear, just as the year winds down. China Cinda Asset ... | |
UPDATE 3-BofA's Merrill to pay $132 mln in SEC case over mortgages Reuters By Jonathan Stempel. Dec 12 (Reuters) - Bank of America Corp has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold. | |
US 2012 model vehicles hit record fuel efficiency: EPA Reuters NEW YORK (Reuters) - The average fuel economy of vehicles sold in the United States hit a record high 23.6 miles per gallon (mpg) for the model year 2012, the U.S. Environmental Protection Agency said on Thursday. Projections for the model 2013 year ... | |
Criminal Action Is Expected for JPMorgan in Madoff Case New York Times Bernard L. Madoff, right, at Federal District Court in Manhattan in 2009. Stephen Chernin/Getty Images Bernard L. Madoff, right, at Federal District Court in Manhattan in 2009. He is serving a 150-year sentence in a federal prison. JPMorgan Chase and federal ... | |
Pepsi Deal Underscores An Emphasis On Snacks New York Times In an unusual deal that goes far beyond the soda wars, PepsiCo is to announce on Thursday that it is unseating Coca-Cola as the beverage supplier to one of the nation's hottest restaurant chains, Buffalo Wild Wings. | |
Obamacare sign-ups continue to increase Los Angeles Times WASHINGTON — Growing numbers of Americans are signing up for insurance through President Obama's health law, with more than 250,000 selecting a plan in November, according to a new government report. That is more than double the number in ... | |
Snapchat raises $50m from hedge fund Coatue Financial Times Snapchat has raised $50m in new funding from Coatue Management, the hedge fund that has been increasing its investments in Silicon Valley companies over recent months. The messaging app, which last month turned down a $3bn acquisition offer from ... | |
Obamacare enrollment in California surges Reuters NEW YORK (Reuters) - California's Obamacare insurance marketplace experienced a surge in enrollment last week, officials said on Thursday, offering welcome news for President Barack Obama's sweeping healthcare law from a state crucial to its success. | |
YouTube advertising revenue surges 50% to $5.6bn Financial Times Advertisers will spend a projected $5.6bn on YouTube in 2013, an increase of more than 50 per cent on the previous year, according to a report that underlines a shift away from traditional television ads. The sharp rise, which follows an explosion of viewing ... | |
Strong euro checks charge of dollar bulls Financial Times As the year draws to a close, the euro has confounded many currency traders who expected a strong performance from the dollar. To the chagrin of dollar bulls, the euro is set to end 2013 as the best-performing currency among leading nations, the first time it ... | |
Abe's arrows: Absence of wage rises could run Abenomics off road Financial Times The last time Toyota's Japanese workers won a pay rise, in early 2008, it was the blissful days before the global financial crisis, cho-endaka – an ultra-high yen – and multimillion-vehicle recalls. It has been four years since their union even bothered asking, ... | |
Holiday shopping spree not for everyone Businessweek NEW YORK (AP) — Many Americans are watching the annual holiday spending ritual from the sidelines this year. Money is still tight for some. Others are fed up with commercialism of the holidays. Still others are waiting for bigger bargains. And people like ... | |
Dimon Applauds Certainty With Final Volcker Rule Wall Street Journal J.P. Morgan Chase CEO James Dimon expects to double the amount the largest U.S. bank spends on controls in 2014 as it operates under heightened scrutiny from regulators. Devlin Barrett reports on MoneyBeat. "I am glad we now have certainty and can ... | |
UPDATE 1-European Factors to Watch-Stocks to fall on prospect of early Fed taper Reuters LONDON Dec 12 (Reuters) - European stocks are set to open lower on Thursday, with the probable nomination of a relatively hawkish central banker to the U.S. Federal Reserve vice-chair adding to the view that the U.S. may slow its monetary stimulus ... | |
IPhone-Factory Deaths Dog Apple and Supplier Wall Street Journal Labor groups said long working hours and crowded living conditions contributed to Mr. Shi's death. Taiwan-based Pegatron on Wednesday confirmed that four workers died of illnesses recently at the Shanghai factory, which had employed about 100,000 ... | |
Peugeot Drops After Announcing $1.5 Billion Currency Hit Bloomberg PSA Peugeot Citroen (UG) fell 7.6 percent after saying 2013 profit will take a 1.1 billion-euro ($1.5 billion) hit from currency swings and savings from a General Motors Co. (GM) alliance will be less than planned. The Peugeot-GM partnership's annual cost ... | |
Mexico Senate passes energy bill; leftists seek to derail Reuters MEXICO CITY (Reuters) - Mexico's Senate on Wednesday approved an energy reform to permit the biggest oil industry opening in 75 years, sending it to the lower house where leftists padlocked doors to the chamber to stop lawmakers from debating the bill. | |
Freddie Mac Has Record Year for Multifamily Securities Wall Street Journal MCLEAN, VA--(Marketwired - Dec 11, 2013) - Freddie Mac (OTCQB: FMCC) issued a record $28 billion in multifamily securities through 19 K-Deals this year, up from $21.2 billion and 17 K-Deals in 2012. Highlights: -- Continued to support affordable rental ... | |
Controversy over proposal to allow cellphone calls in flight tests new FCC ... Washington Post It didn't take long for Tom Wheeler, the new chairman of the Federal Communications Commission, to face controversy. On Thursday, the agency's five-member commission is set to vote on whether to allow the public to comment on Wheeler's idea to enable ... | |
US STOCKS-Wall St falls as budget deal sets off Fed taper worry Reuters ... Stocks. * U.S. budget deal gets tentative approval. * LabCorp tumbles after outlook. * Costco shares drop after profit misses estimates. * Dow down 0.6 pct; S&P 500 off 0.8 pct; Nasdaq down 1 pct. By Chuck Mikolajczak. NEW YORK, Dec 11 (Reuters) - U.S. ... | |
US STOCKS-Futures little changed as market digests budget deal Reuters ... Stocks. * U.S. budget deal gets tentative approval. * Costco shares drop after profit misses estimates. * Futures: Dow up 17 pts; S&P flat; Nasdaq up 1.5 pts. By Angela Moon. NEW YORK, Dec 11 (Reuters) - U.S. stock index futures were little changed on ... | |
List of 52 bus companies that feds shut down Washington Post LOS ANGELES — Federal bus safety regulators announced that they have shut down 52 companies in what they describe as a major nationwide crackdown on unsafe carriers. Here is a state-by-state list of 49 companies that were shut down by the U.S. ... | |
Feds tell railroads: Review speed rules, training Washington Post NEW YORK — Railroads all over the country have lessons to learn about speed limits and the importance of communication between crew members after the deadly derailment of a commuter train this month, federal regulators said Wednesday. The Federal ... | |
Futures mixed ahead of next Fed meeting Washington Post NEW YORK — U.S. stock futures were mixed Wednesday as investors continue to take profits toward the end of the year. Dow Jones industrial futures rose 13 points to 15,991 on Wednesday. S&P futures gained less than a point to 1,803.50. Nasdaq futures ... | |
French Cafe Charges Rude Customers More Than Double Eater National Here's a cafe that's being proactive about customer behavior towards waitstaff: A Nice-Matin reporter tweeted a photo of the menu at La Petite Syrah in Nice, France, where customers who order their coffee politely are charged significantly less than those who ... | |
Taking care: Small rural hospitals face uncertain future under Affordable Care Act Corning Leader The rollout of the Affordable Care Act has already set off significant change and uproar around individual insurance plans. As the ACA settles into place in 2014, more change and concerns are coming to small rural hospitals. Under the ACA, small rural ... | |
Traditional holiday parties yield to shopping sprees, cruises, volunteering The Augusta Chronicle Lattice Engine's Boston office participates in Paint Nite, a service that gives painting lessons at bars and restaurants. About 65 employees painted trees on canvas, drank and ate hors d'oeuvres. NEW YORK — Buddy DiFonzo isn't sure what he'll buy at ... | |
Study: LGBT Workers Caught in Gap Between Work, Family EDGE Boston When a child is born to or adopted by an LGBT worker (or workers), one thing's for sure: It's damn hard to get time off. So says a new study brief from the Movement Advancement Project, the Center for American Progress and by the Human Rights Campaign ... | |
Boeing Expansion Would Benefit Union The Missourian An expanded Boeing Co. plant in the St. Louis area could bring jobs, residents and retail to the Union area. State lawmakers gave final approval Friday to a plan offering up to $1.7 billion in incentives over more than two decades if Boeing agrees to assemble ... | |
Adobe Creative Cloud dissatisfaction grows with subscribers Investor's Business Daily Adobe Systems (ADBE) stock has risen nearly 50% this year on investor enthusiasm for the company's transition to an Internet cloud-based business. Wall Street will be looking for continued strength in Adobe's Creative Cloud and Marketing Cloud offerings ... | |
Ford Motor Company (NYSE:F) – [video] The Standout Car Fueling Ford's ... Jutia Group Ford Motor Company (NYSE:F) [at Bloomberg] – Dec. 11 (Bloomberg) — The Ford Fusion is the biggest hit to come out of an American automaker in the past three decades. It is the first American competitor to take on the Camry since the 1996 Ford Taurus. | |
The state of air cargo Transport and Logistics News The IATA reports that the outlook for air cargo is beginning to look up, although the re-shoring of manufacturing is putting a dampener on growth. Airline cargo businesses are starting to see a slightly better demand environment and further improvement in ... | |
Apple tells developer to remove bitcoin payment function WantChinaTimes Apple has asked an app developer to remove the ability to send bitcoin payments on its app or be kicked off the iOS App Store. The US technology giant has yet to specifically a ban on the virtual currency but the move is the latest attempt by a company to ... | |
3 Numbers to Watch: EU output, US jobless claims and retail sales TradingFloor.com Several key numbers are on tap today with the potential for market-moving news, starting with Eurozone industrial production for October. Later, we'll see updates on retail sales and initial jobless claims for the US. In addition, keep in mind that Mario Draghi, ... | |
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