North America to Drown in Oil as Mexico Ends Monopoly Bloomberg The flood of North American crude oil is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oilfields. Plagued by almost a decade of slumping output that has degraded Mexico's take from a $100-a-barrel oil market, ... | |
Loehmann's files for bankruptcy for 3rd time USA TODAY NEW YORK (AP) — Discount retailer Loehmann's has filed for bankruptcy protection for the third time and plans to liquidate its business. Loehmann's Holdings on Sunday filed for Chapter 11 bankruptcy protection in federal bankruptcy court in Manhattan. | |
Renault Signs Agreement to Build China Plant With Dongfeng Motor Businessweek Renault SA (RNO), France's second-largest automaker, will build sport utility vehicles at its joint venture factory with Dongfeng Motor Group Co. (489) as it targets to sell locally made vehicles in China by 2016. The two companies will work closely with Nissan ... | |
Volatility Near 2 1/2-Month High as Yen Rises Before Fed Meeting Businessweek Expectations of larger swings in major currencies were near a 2 1/2-month high as traders assess U.S. economic data to see when the Federal Reserve will start to taper monetary stimulus. The yen strengthened against most of its 16 major peers as Asian ... | |
Amazon's German Workers to Protest in Seattle Wall Street Journal Representatives of Amazon.com Inc. workers in Germany will take their beef with the e-commerce giant to the U.S. Monday, staging a protest at the retailer's Seattle headquarters in tandem with strikes planned at Amazon sites in Germany. This is the first time ... | |
Herbalife shares surge on word of clean new audits Los Angeles Times Shares of Herbalife Ltd. stock surged more than 9% Monday after the company said its new accounting firm made "no material changes" after re-auditing three years of the company's financial statements. The new audits were required because KPMG ... | |
China Stocks Fall for Fifth Day as Manufacturing Trails Estimate Bloomberg China's stocks fell, sending the benchmark index to its biggest loss in a month, as an unexpected decline in a manufacturing index heightened concern growth in the world's second-biggest economy is decelerating. Jiangxi Copper Co. and Aluminum Corp. of ... | |
Firms to pay $1.1-billion in long-running lead paint lawsuit Los Angeles Times A Northern California judge Monday ordered three companies to pay $1.1 billion to remove lead-based paint from inside California homes, concluding a 13-year legal case. Santa Clara County Superior Court Judge James P. Kleinberg ruled that ConAgra, NL ... | |
Carrefour to Buy Shopping Malls From Klepierre for $2.75 Billion Businessweek Shoppers enter and exit the Odysseum shopping center, operated by Klepierre SA, in Montpellier, France. Photographer: Balint Porneczi/Bloomberg. Carrefour SA (CA), France's biggest retailer, agreed to buy 127 European shopping malls from Klepierre (LI) ... | |
Avago agrees to buy LSI for $6.6 billion USA TODAY SAN FRANCISCO -- Avago Technologies said Monday it agreed to buy LSI Corp. for $6.6 billion to get into the business of semiconductors that help run data centers and handle mobile Internet traffic. Avago said it will pay $11.15 a share in cash for LSI, ... | |
Euro holds upper hand, dollar drifts ahead of Fed Reuters TOKYO (Reuters) - The euro held the upper hand on Tuesday after surprisingly strong euro zone manufacturing data, while uncertainty over when the Federal Reserve would start to trim its economic stimulus program kept the dollar on the defensive. The euro ... | |
Passenger jet slips off runway taxiing in Wisconsin, no injuries Reuters MILWAUKEE (Reuters) - A Delta Air Lines jet slipped off the runway while taxiing after landing in Madison, Wisconsin, on Monday afternoon in snowy conditions, authorities said. No injuries were reported. The flight "exited the pavement and came in contact ... | |
Boeing announces $10 billion buyback, raises dividend Chicago Tribune Boeing Co.'s board raised the company dividend about 50 percent on Monday and approved $10 billion in new share buyback authority that the company said it would use in the next two to three years. Boeing shares rose about 2 percent in ... | |
People stymied by error codes on state health exchange may get more time to ... The Seattle Times Washington residents who continue to get error codes when they try to sign up for health coverage on the Healthplanfinder may still be able to get coverage by Jan. 1 — even if they can't complete enrollment by the Dec. 23 deadline. By Amy Snow Landa. | |
Mass. jobless rate could rise above US average Boston.com BOSTON (AP) — It's been more than six years since the monthly unemployment rate in Massachusetts has been higher than the U.S. average as a whole. That could possibly change when the state's November jobs report is released Thursday. The national ... | |
KKR to Buy Its Publicly Traded Credit Unit in $2.6 Billion Deal San Francisco Chronicle Dec. 16 (Bloomberg) -- KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, agreed to buy the publicly traded credit business KKR Financial Holdings LLC in a $2.6 billion transaction. Investors will receive 0.51 KKR shares for each ... | |
GSK to stop paying doctors to promote drugs: NY Times Reuters (Reuters) - GlaxoSmithKline Plc will stop paying doctors to promote its products, Chief Executive Andrew Witty said in an interview with the New York Times, in a move that could be a first for a major drug company. GSK will also stop tying compensation of ... | |
Obamacare Q&A: Deadlines, penalties and when to expect your insurance card The Connecticut Mirror The new insurance plans available as part of the federal health law take effect in just over two weeks, and one of the first major deadlines of the law is less than a week away. Meanwhile, many people who have already signed up for coverage are waiting for a ... | |
Monday's Top Stories in the United States MNI News ... States. * The latest predictions Monday for when the Federal Reserve will start slowing the pace of its aggressive bond purchases show a general belief that the central bank wants to transition away from using this particular unconventional tool, but ... | |
Many uninsured Floridians need to sign up for health coverage by Dec. 23 Florida Times-Union With an estimated 3.8 million uninsured residents younger than 65, almost 25 percent of the state's population, Florida ranks third among the states in the number of adults without health insurance. But so far Florida ranks first among the states in residents ... | |
Southern California home prices flat, sales fall in November Los Angeles Times Southern California home prices stayed essentially flat in November while sales tumbled during the typically slow fall season. The median sales price for all homes in the six-county region inched up 0.3% from October to $385,000, research firm DataQuick ... | |
Two More Executives Leaving BlackBerry Wall Street Journal The smartphone maker's executive vice president in charge of global sales, Rick Costanzo, will be leaving the company by early next year, according to these people. Chris Wormald, who was in charge of BlackBerry's mergers and acquisitions strategy, will ... | |
Hedge Funds' Natural Gas Bets Jump as Thermometer Drops: Energy Bloomberg A natural gas drilling rig stands next to a house in a field west of Rifle, Colorado. A natural gas drilling rig stands next to a house in a field west of Rifle, Colorado. Close. Close. Open. Photographer: George Frey/Bloomberg. A natural gas drilling rig stands next ... | |
Deutsche Bank to Nomura See Rajan Rate Rise on CPI: India Credit Bloomberg A vendor sells vegetables from his boat at a floating market on the Dal Lake in... Read More. A vendor sells vegetables from his boat at a floating market on the Dal Lake in Srinagar, India. High prices of vegetables, fruits and milk are keeping inflation elevated, ... | |
'Complete waste': Army Corps flushed $5.4M on 'unusable' trash incinerators ... Fox News Feb. 4, 2013: U.S. Army soldiers watch garbage burn in a burn pit at Forward Operating Base Azzizulah in Maiwand District. Soldiers at FOB Sharana had to use a similar burn pit because incinerators were not completed.Reuters. ADVERTISEMENT. The U.S. ... | |
Mulally Microsoft Candidacy Robs Limelight From Ford Cars Bloomberg Alan Mulally's candidacy for the top job at Microsoft Corp. (MSFT) threatens to overshadow car introductions at Ford Motor Co. (F) and raises the risk of internal strife among his deputies at the automaker. Keeping the focus on autos rather than management ... | |
Morning MoneyBeat Asia: Stock Bulls Storm Back, Sensing Santa & the Fed Wall Street Journal Market Snap: At the New York close: S&P 500 advanced 0.6% at 1787. DJIA gained 0.8% at 15885. Nasdaq Comp added 0.7% at 4030. Treasury yields up; 10-year at 2.877%. Nymex crude oil up 0.9% at $97.48. Gold up 0.8% at $1,245.50/ounce. How We ... | |
Ex-UBS Banker Weil Seen Cooperating With Prosecutors Bloomberg Raoul Weil, the former head of UBS AG (UBSN)'s global wealth management business accused of conspiring to help Americans evade taxes, may cooperate with prosecutors in a bid for leniency rather than go to trial, according to lawyers who have been ... | |
Indian 10-Year Bond Yield Climbs to Three-Week High on Inflation Businessweek India's 10-year bonds fell, pushing the yield to a three-week high, as the government reported the fastest wholesale-price inflation in more than a year. Prices (INFINFY) rose 7.52 percent last month from a year earlier, the most since September 2012 and ... | |
Japan's Topix Falls to Lowest in Month as Yen Gains Before Fed Businessweek Japan's Topix index closed at its lowest in a month as investors awaited a two-day Federal Reserve policy meeting starting tomorrow and the yen advanced for a second day against the dollar. Honda Motor Co., which gets about 80 percent of revenue outside ... | |
Asian Stocks Drop Before China Factory Data as Oil Climbs Bloomberg Asian stocks declined, with the regional index headed for a three-month low before manufacturing data from China to the U.S. and as investors awaited this week's Federal Reserve meeting. Silver, gold and copper futures dropped while crude oil rallied. | |
AIG Said to Near Sale of Plane Unit to AerCap for Cash, Stock Businessweek Signage is displayed outside American International Group Inc. offices in New York. The New York-based insurer has been seeking to narrow its focus as government watchdogs increase their scrutiny of the largest financial firms. Photographer: Craig Warga/ ... | |
Luxury Skiwear Maker Moncler May Gain on Trading Debut in Milan Businessweek Moncler, (MONC) the Italian maker of $1,220 quilted polyester jackets, may rise on its trading debut in Milan today after investors sought about 27 times the amount of stock offered in its initial public offering. The shares could be worth 20 percent more than the ... | |
Can high-flying stocks keep soaring in 2014? USA TODAY Few, if any, Wall Street gurus predicted that the U.S. stock market would soar 25% in 2013. But it did, despite all sorts of headwinds, including uncertainty as to when and if the Federal Reserve would start to dial back its stimulus, rising interest rates and a ... | |
PRECIOUS-Gold eases as Fed meeting looms, stimulus outlook eyed Reuters ... slideshows. * Gold slips after 1.2 percent gain in the previous session * Traders await Fed statement on Wednesday before taking positions * Silver drops after China PMI data (Updates prices) By A. Ananthalakshmi SINGAPORE, Dec 16 (Reuters) - Gold ... | |
German Bunds rise as Chinese PMI weighs down stocks Reuters LONDON Dec 16 (Reuters) - German Bund futures rose on Monday as stock markets fell after a private survey showed that growth in China's manufacturing activity slipped in December. Riskier stocks usually trade in the opposite direction to safe-haven ... | |
How the AP-GfK poll was conducted Washington Post The Associated Press-GfK poll on the health care overhaul was conducted by GfK Public Affairs and Corporate Communications Dec. 5-9. It is based on online interviews of 1,367 adults who are members of GfK's nationally representative KnowledgePanel. | |
New daily paper planned for Los Angeles San Jose Mercury News LOS ANGELES -- The owner of the Orange County Register plans a new daily newspaper in Los Angeles, the boldest step yet in an expansion across Southern California that emphasizes printed publications while others in the industry are focusing on digital. | |
Wall Street stock futures slip Tucson Citizen Before the start to regular trading, Dow Jones industrial average index futures fell 0.1%, Standard & Poor's 500 index futures dipped 0.03%and Nasdaq index futures declined 0.3%. On Wall Street Friday, the Dow and Nasdaq inched up 0.1% while the S&P ... | |
Iowa Poll: Iowans still split on Obamacare DesMoinesRegister.com Few Iowans believe the Affordable Care Act will make their families or the country better off, though more than half predict it will help people who are uninsured, a new Iowa Poll finds. However, Iowans' views of the overall law have not changed much in the ... | |
CEO's legacy: Strong profits, products Automotive News DETROIT -- Dan Akerson's tenure as General Motors chairman and CEO began suddenly and will end almost as abruptly. Akerson got the job in 2010 by virtue of being the only one of the board of directors to volunteer when they were caught off guard by Ed ... | |
Iowa City Sees Sunday Delivery from Postal Service KCRG IOWA CITY, Iowa - A swell in the number of holiday packages this season has led the United States Postal Service to provide Sunday package delivery for Iowa City and a few other cities throughout the state. Richard Watkins, a Postal Service spokesman, ... | |
Charter ready to make Time Warner Cable offer El Paso Inc. Charter Communications is preparing to make an offer to buy Time Warner Cable, according to people briefed on the matter. The offer, likely to come in the form of a so-called bear hug letter, would consist of a mix of cash and Charter stock, setting in motion a ... | |
Eagle Ford Shale is the 2013 SAN ANTONIAN OF THE YEAR WOAI.com Big history...not the pop culture you find labeled as 'historic' on The History Channel; but big, capital letter HISTORY, the kind that fills thick volumes written by full professors with patches on their coat sleeves and the kind which will be pondered in faculty ... | |
How Fannie Mae Soared 990% in 2013 DailyFinance Government-sponsored mortgage enterprise Fannie Mae has had an amazing year, with its stock having soared 990% so far in 2013. As recently as February, most investors had given up Fannie Mae and sister mortgage GSE Freddie Mac as casualties of the ... | |
US stocks make a mild rebound on Friday Business Standard U.S. stocks made a mild rebound on Friday, 13 December 2013 but ended the week lower, as investors looked toward a Federal Reserve meeting next week that could start the curtailment of the Fed's equities-boosting stimulus program. In the absence of ... | |
Taper Talk Driving Markets, Euro Momentum Fading Action Forex Interesting end to the week as markets focus on the FOMC meeting this week and the increased chances of Taper. Pimco's Mohammed El Erian reckons the chances of the Fed tapering this week are 50:50 while former Fed Vice Chairman Donald Kohn ... | |
AUD/USD Daily Outlook- Dec. 16, 2013 DailyForex.com The AUD/USD pair rose during the session on Friday, as you can see, but at the end of the day we are still well below the 0.90 handle. When looking at this chart, there is a significant amount of support just below current pricing on a longer-term charts, but at ... | |
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