At the Fed, Janet L. Yellen will lead a potentially fractious team Los Angeles Times WASHINGTON — Now that the Federal Reserve has started to ease a key economic stimulus, the reins of managing monetary policy to finish the job soon will be turned over to Janet L. Yellen, the central bank's vice chair. She won't find it easy. Yellen ... | |
An Easing of Rules on Charges by Amex New York Times After a decade of legal battles, the three major credit card companies are backing away from longstanding policies that prevented merchants from charging customers extra for paying with plastic. Enlarge This Image ... | |
Dow inches up to record close on quiet trading day Reuters NEW YORK (Reuters) - U.S. stocks finished mostly flat on Thursday as investors paused after a rally in the previous session, though the Dow closed at its second record high in a row. The Nasdaq declined slightly on weakness in tech shares, though its loss ... | |
Target Hit by Credit-Card Breach Wall Street Journal The Secret Service is probing a breach of Target's credit-card reading devices. Michael Reynolds/European Pressphoto Agency. The theft was national in scope and happened in stores, not online, and may have involved tampering with the machines ... | |
Feds offer another break to people losing health coverage CNBC.com The Obama administration gave another break to people losing their health insurance coverage late Thursday, offering a special hardship exemption to patients who want the extremely cheap, bare-bones plans known as catastrophic coverage. It's the latest ... | |
Yen claws back from five-year trough in wake of Fed taper Reuters TOKYO (Reuters) - The dollar gave back some of its gains after cresting at its highest against the yen in more than five years on Thursday in Asia, after the U.S. Federal Reserve said it would start to cut its massive bond-buying stimulus and sent markets a ... | |
Red Lobster to Be Split From Darden's Empire New York Times Updated, 5:56 p.m. | The casual restaurant empire known as Darden Restaurants began life in 1968 as a single seafood restaurant on the land-locked outskirts of Orlando, Fla. But under pressure from an activist hedge fund, Darden announced on Thursday ... | |
Salmonella outbreak linked to chicken prompts call for action USA TODAY A national outbreak of antibiotic-resistant salmonella that's been ongoing since October has sickened more than 389 people in 23 states and is hospitalizing them at double the rate expected. In light of that, a report issued Thursday by the Pew Charitable ... | |
Asian Stocks Drop as China Money Rates Climb; Gold Gains Bloomberg A pedestrian walks past images of different currencies on display at a money changer in... Read More. A pedestrian walks past images of different currencies on display at a money changer in Kuala Lumpur. The ringgit dropped to 3.2856 per dollar, set for a ... | |
Obama administration says US debt ceiling could be hit in February Reuters WASHINGTON (Reuters) - The Obama administration warned Congress on Thursday that the government could run out of borrowing authority needed to help pay its bills as soon as February if lawmakers do not swiftly raise the federal debt ceiling. | |
Oil trains raise concerns in small towns, cities Houston Chronicle WOLF POINT, Mont. (AP) — It's tough to miss the trains hauling crude oil out of the Northern Plains. They are growing more frequent by the day, mile-long processions of black tank cars that rumble through wheat fields and towns, along rivers and national ... | |
UPDATE 2-Ex-Microsoft manager and friend charged with insider trading Reuters By Bill Rigby. SEATTLE Dec 19 (Reuters) - The U.S. Department of Justice and the Securities and Exchange Commission charged two Seattle men on Thursday with 35 counts of illegally trading on private Microsoft Corp information, which prosecutors said ... | |
Mortgage servicer accused of 'systemic misconduct' CNNMoney State and federal authorities announced an agreement Thursday with one of the nation's largest mortgage servicers, Ocwen Financial, accusing it of "significant and systemic misconduct" that placed thousands of borrowers at risk of losing their homes. | |
Miami sues three major banks for what it calls predatory lending in poor ... MiamiHerald.com The City of Miami has sued three major banks for what is says has been a pattern and practice of predatory lending that has hurt the city's coffers because of foreclosures and a drop in property tax revenues. According to the lawsuits filed in federal court last ... | |
Facebook's Zuckerberg buying super-voting shares San Francisco Chronicle Facebook Chief Executive Officer Mark Zuckerberg knows what he's getting himself for the holidays. On the eve of his stock joining the Standard & Poor's 500 stock index, the billionaire is exercising an option to purchase 60 million super-voting Class B shares ... | |
November housing sales slowed in return to traditional market Gainesville Sun Existing home sales dropped for the first time in more than two years statewide and nationwide and slowed considerably in Alachua County in November -- largely as a result of fewer distressed sales -- in what one economist called a return to a more ... | |
REFILE-FOREX-Yen pressured as BOJ meeting outcome awaited Reuters ... Print. * Dollar remains buoyant as Fed taper lifts U.S. Treasury yields. * Aussie wallows near 3 1/2 year low hit after Fed. By Lisa Twaronite. TOKYO, Dec 20 (Reuters) - The yen faced pressure in early Asian trade on Friday, ahead of the outcome of a Bank of ... | |
Markets telling tales of taper CNBC.com Traders will be watching for those types of Fed-related moves Friday, amid the activity generated by the quadruple expiration of futures and options, and re-balancing of the S&P 500 and Nasdaq. Facebook will join the S&P on Friday afternoon. There is also ... | |
Business news and markets: live Telegraph.co.uk ... Off. • Markets rally as Bernanke bows out with 'taper lite' • Fed begins tapering massive bond-buying programme • EU agrees 'general principles' of banking union. Latest. The taper 'hindsight geniuses' are out in force. 08.42 Here's Jonathan Sudaria, ... | |
European shares rally as Fed sugar-coats taper move Reuters LONDON (Reuters) - European shares rallied on Thursday after the Federal Reserve sugar-coated the decision to start winding down its crisis-era stimulus with a promise to keep record low interest rates in place even longer than previously signaled. | |
US Stock Futures Point Higher as Fed Decision Looms Wall Street Journal Wall Street was building up to a higher open Wednesday, as investors await housing-starts data and, more important, a decision by the Federal Reserve on whether it will begin to reduce its bond-buying program. On the corporate front, shares of Jabil Circuit ... | |
GLOBAL MARKETS-Shares up as Fed draws taper's sting; dollar gains broadly Reuters ... slideshows. * Fed trims bond buying $10 bln to $75 bln, starting in Jan. * Markets reassured that US rates will stay low for some time. * Japanese shares rally, Asian currencies give ground. * Wall Street at record peaks, dollar takes out 104 yen. By Wayne ... | |
Astra to Buy Stake in Diabetes Venture From Bristol Wall Street Journal AstraZeneca will pay an initial $2.7 billion for Bristol-Myers' interest and up to a further $1.4 billion in regulatory, launch and sales-related payments. It will also pay various sales-related royalty payments up until 2025 and may make payments up to $225 ... | |
US STOCKS-Dow inches up to record close on quiet trading day Reuters ... Stocks. * Dow ends at second straight record high. * Oracle rallies after results; Red Hat up late. * U.S. jobless claims near 9-month high; home resales slide. * Dow up 0.1 pct, S&P 500 down 0.1 pct, Nasdaq off 0.3 pct. By Ryan Vlastelica. NEW YORK, Dec ... | |
Elance Merges With ODesk to Boost Service for Freelancers Bloomberg Elance Inc. and ODesk Corp., two of the top websites that help freelancers to find jobs, are merging to create a service with a total of 8 million registered individuals. Fabio Rosati, chief executive officer of Elance, will lead the combined company, according to a ... | |
Asian Stocks Rise on Fed Tapering; China Shares Retreat Bloomberg Asian stocks rose after the Federal Reserve expressed enough confidence in the U.S. labor market to taper asset purchases while promising to hold interest rates close to zero. Shares in China and Hong Kong fell on concern higher funding costs will hurt ... | |
US Volcker rule may have less impact on bank revenues than expected Reuters NEW YORK Dec 18 (Reuters) - The 900-plus page Volcker rule regulators released last week will not impact big bank trading revenues as much as banks had feared, said industry executives and consultants who have finally plowed through the rule. | |
Bayer to Buy Cancer-Drug Partner Algeta for $2.9 Billion Bloomberg Bayer AG (BAYN) agreed to buy Algeta ASA (ALGETA), its partner on a prostate-cancer medicine, for about 17.6 billion kroner ($2.9 billion), to gain control of the drug and experimental radiation therapies. Bayer will begin an offer to buy Algeta shares at 362 ... | |
Hershey Enters Agreement to Acquire Majority Share of Shanghai Golden ... Wall Street Journal The Hershey Company (NYSE: HSY), the largest producer of quality chocolate in North America and a global leader in chocolate, sweets and refreshments, announced that its wholly-owned subsidiary, Hershey Netherlands B.V., has signed an agreement to ... | |
Fed Finds Elixir for Tapering QE as Markets Embrace Rate Outlook Businessweek Ben S. Bernanke, chairman of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 18, 2013. Photographer: Andrew Harrer/ ... | |
(CNW) Accenture Completes Acquisition of PCO Innovation Wall Street Journal NEW YORK, Dec. 18, 2013 /CNW/ - Accenture (NYSE: ACN) has completed its acquisition of PCO Innovation - a leading independent international consulting and systems integration group that specializes in product lifecycle management (PLM) software ... | |
Europe Factors to Watch-Shares set to rally as Fed modestly trims stimulus Reuters PARIS, Dec 19 (Reuters) - European stocks are set to rally on Thursday, tracking sharp gains on Wall Street after the U.S. Federal Reserve said it would modestly trim its stimulus programme and recommitted to low interest rates. The European telecom sector ... | |
Canadian Dollar Most at Risk as Fed Turns to Taper: Currencies Businessweek The Canadian dollar's 6.5 percent drop versus its U.S. counterpart this year makes it the sixth-worst performer among 16 major currencies tracked by Bloomberg. Photographer: Pawel Dwulit/Bloomberg. Canada's dollar is emerging as the Group of Seven ... | |
PRECIOUS-Gold drops in volatile trade after Fed says to cut stimulus Reuters ... slideshows. * Fed to cut monthly stimulus to $75 bln * Also lowers inflation, unemployment outlook * Stock market rally, dollar gains pressure gold * Coming up: U.S. Core PCE Price index Friday By Frank Tang NEW YORK, Dec 18 (Reuters) - Gold fell about ... | |
US STOCKS-Wall St flat before Fed's announcement on stimulus Reuters ... Print. * CBOE Volatility index falls as Fed decision on timing nears. * Nov. housing starts at highest in nearly six years. * Indexes: Dow up 0.3 pct, S&P up 0.1 pct, Nasdaq off 0.1 pct. By Angela Moon. NEW YORK, Dec 18 (Reuters) - U.S. stocks were little ... | |
US budget uncertainties pose risk to global growth -UN Reuters UNITED NATIONS Dec 18 (Reuters) - The outlook for the global economy has improved thanks to the end of the euro zone recession and a slight improvement in U.S. economic growth, though political wrangling over the U.S. budget is a major risk factor, the ... | |
Stocks Fall Back on Wall Street a Day After Surge ABC News Stocks edged lower Thursday morning, pulling back from record levels. The stock market surged Wednesday after the Federal Reserve said it was trimming its stimulus efforts, which investors saw as a vote of confidence in the economy. KEEPING SCORE: ... | |
Cincinnati considers canceling partly built streetcar USA TODAY CINCINNATI -- City officials will decide Thursday whether to scrap a streetcar already under construction, bucking the Obama administration's push for the urban mass-transit systems. Meanwhile Wednesday, an independent consultant released a report on ... | |
U.S. stocks edge up at the open after housing data MarketWatch NEW YORK (MarketWatch) -- U.S. stocks advanced modestly at the open on Wednesday, helped by encouraging housing data and ahead of a Federal Reserve decision on whether to taper stimulus measures. The S&P 500 was last up 2 points, or 0.1%, ... | |
RHT Crosses Above Key Moving Average Level Forbes In trading on Wednesday, shares of Red Hat Inc (NYSE: RHT) crossed above their 200 day moving average of $48.53, changing hands as high as $48.66 per share. Red Hat Inc shares are currently trading trading flat on the day. The chart below shows the ... | |
Obamacare Q&A: Enrollment deadline looming; are you ready? Fresno Bee California Health and Human Services Secretary Diana Dooley speaks at Fresno State during a stop to help promote Covered California health services. Sixteen states, including California, run their own exchanges under Obamacare. MARK CROSSE ... | |
After Obamacare Fails, What Comes Next? The Chattanoogan The Affordable Care Act, also known as Obamacare, is going to fail. The important questions are: 1) What will replace it, and 2) How much damage will it inflict upon us before it is replaced by whatever comes next? Even Obama and his enablers do not really ... | |
Amid News of Government Tapering, Mortgage Rates Begin to Climb to 4.52 ... National Mortgage Professional Magazine Rates on the most popular types of mortgages nudged higher this week according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages rose by two basis points (0.02 percent) to 4.52 percent. Conforming ... | |
World stock markets rise as Fed's decision awaited NewsOK.com MANILA, Philippines (AP) — World stock markets were mostly higher Wednesday as investors calmly waited for word from the U.S. Federal Reserve on when it will start reducing its monetary stimulus. Photo - A woman walks by an electronic stock board of a ... | |
European Economics Preview: UK Retail Sales Data Due RTT News Retail sales data from the U.K. is the main news due from Europe on Thursday, an otherwise light day for economic news from the region. At 2 am ET, foreign trade data from Switzerland is due. The trade balance is forecast to show a surplus of CHF 2.8 billion ... | |
GA unemployment drops to lowest point since 2008 WGCL Atlanta It decreased to 7.7 percent in November, its lowest point since November 2008, when it was 7.6 percent. The rate is down four-tenths of a percentage point from 8.1 percent in October, and a full percentage point from 8.7 percent in November a year ago. | |
State's unemployment rate lowest in 5 years WXIA-TV ATLANTA -- Georgia's seasonally adjusted unemployment rate decreased to 7.7 percent in November, its lowest point since November 2008, when it was 7.6 percent. The Georgia Department of Labor said the rate is down four-tenths of a percentage point ... | |
Wide Bay unemployment rate at 7% for November Fraser Coast Chronicle It is one of the lowest points the monthly jobless rate has been at since June 2012. Only the April 2013 rate of 6.9% was lower. The figures, released each month by Australia Bureau of Statistics, are traditionally volatile and can vary by several percentage ... | |
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