US Economy Begins to Hit Growth Stride Wall Street Journal The U.S. economy grew at its fastest pace in two years, as a recovery that has otherwise chugged along in fits and starts builds up a head of steam going into the new year. The government's main growth gauge—gross domestic product—grew at a 4.1% ... | |
China's Short-Term Rates Defy Calming Measures New York Times HONG KONG — Money market rates in China surged again on Friday, shrugging off the central bank's efforts a day earlier to provide more liquidity to the market and raising fears that the Chinese financial system could be hit by a credit crunch similar to the ... | |
Fed's Rosengren would have waited until March to taper Reuters REUTERS - The lone dissenter this week on the Federal Reserve's landmark decision to begin to pare its massive bond-buying program said he would have preferred to wait until March to be sure the recovery is on firm footing. But Eric Rosengren, president ... | |
Another Rule in Health Law Is Scaled Back New York Times WASHINGTON — Millions of people facing the cancellation of health insurance policies will be allowed to buy catastrophic coverage and will be exempt from penalties if they go without insurance next year, the White House said Thursday night. Enlarge This ... | |
News Corp. Buys a Media Start-Up for $25 Million New York Times In a move highlighting the increasing role that user-generated content plays in the news business, News Corporation, owner of The Wall Street Journal, announced on Friday that it had bought Storyful, a company that calls itself a "social news" agency. | |
FED FOCUS-Bernanke's 11th hour pivot smooths path for Yellen at Fed Reuters ... Print. * Bond-buying reduction offers roadmap for Yellen. * More hawkish voters on monetary policy next year. * Dialing down stimulus could help maintain Fed consensus. By Ann Saphir and Jonathan Spicer. SAN FRANCISCO/NEW YORK, Dec 20 ... | |
European Union Loses AAA Rating From S&P on Weaker Cohesion (1) Businessweek A pedestrian walks past a row of European Union (EU) flags outside the headquarters of the European Union Commission building in Brussels. Photographer: Jock Fistick/Bloomberg. The European Union lost its top credit rating from Standard & Poor's, which ... | |
Tim Draper Wants To Split California Into Pieces And Turn Silicon Valley Into Its ... TechCrunch TechCrunch has learned about noted technology investor Tim Draper's plan to split California into six separate states, including a Northern California slice appropriately named "Silicon Valley." Draper shared his vision with TechCrunch tonight. He says he's ... | |
Big US online retailer to accept Bitcoin Financial Times Overstock plans to become the first big US online retailer to accept Bitcoin, as Patrick Byrne, the company's libertarian chief executive, warms to the virtual currency as a refuge from government control. Mr Byrne told the Financial Times that Overstock planned ... | |
European stocks edge up, euro dips on S&P downgrade Reuters LONDON (Reuters) - European shares inched up on Friday with riskier assets still in demand following a broadly neutral shift in U.S. monetary policy, and the euro dipped after rating agency S&P downgraded the European Union from triple-A. | |
Shanghai shares have worst week since May 2011 amid cash crunch fears Reuters Dec 20 (Reuters) - Shanghai shares tumbled on Friday, taking their losing streak to nine days, as the country's money rates spiked again and worries about a cash crunch remained in spite of a central bank fund injection. The Shanghai Composite Index ... | |
PRECIOUS-Gold drops to 6-month low on taper sell-off, could fall further Reuters ... Print. * Gold hits fresh 6-month low, close to weakest in 3-1/2 yrs * Prices could fall below 2013-low on Fri - trader * SPDR outflows continue, physical demand lacklustre (Updates prices) By A. Ananthalakshmi SINGAPORE, Dec 20 (Reuters) - Gold ... | |
FCC approves Gannett to buy Belo Detroit Free Press The Federal Communications Commission on Friday approved Gannett's proposed acquisition of Belo, clearing all regulatory hurdles for Gannett to boost its television business in pursuit of advertising and fees from cable companies. The FCC's approval ... | |
Kudlow: Bernanke gets taper call right CNBC.com So Fed Chairman Ben Bernanke finally pulled the taper trigger this week. And it was the right thing to do. Stocks soared. And even with some backing-and-forthing, gold, commodity indexes, and the dollar were basically stable. In other words, financial markets ... | |
European Factors to Watch-Shares head for best week in 8 months Reuters LONDON Dec 20 (Reuters) - European shares were expected to open higher on Friday, with investors seen riding on a positive momentum after the previous session's strong rally following the Federal Reserve's move to only modestly cut stimulus measures. | |
Deutsche Bank Victory in Mortgage Suit May Limit New Claims (2) Businessweek A Deutsche Bank AG (DBK) unit won dismissal of a suit brought by mortgage-bond investors after an appeals court determined the claims were subject to a six-year statute of limitations that began to run when the deal closed -- a ruling that may limit new suits. | |
California jobless rate continues positive trend Businessweek SACRAMENTO, Calif. (AP) — California's jobless rate dropped to 8.5 percent in November, the state Employment Development Department said Friday, continuing a positive trend after increasing temporarily over the summer. The unemployment rate fell ... | |
Aldi to Boost Its Number of US Stores by 50% Wall Street Journal Aldi Inc. plans to open 50% more stores in the U.S. over the next five years, seeking to become the country's biggest discount supermarket chain by store count. The company's target shows how grocers at the high and low ends of the market have continued to ... | |
Portuguese High Court Rules Cuts in Public Pensions Illegal Wall Street Journal LISBON—Portugal's Constitutional Court on Thursday struck down planned cuts in retirement benefits for public employees, its fifth ruling this year against government measures to satisfy international bailout lenders and regain full access to financial markets. | |
Can Chen do for Blackberry what Jobs did for Apple? MarketWatch SAN FRANCISCO (MarketWatch) — BlackBerry Inc.'s new interim chief executive John Chen has been pretty quiet about his plans for the ailing smartphone maker, but investors are hoping for some clarity on Friday when the company is expected to report ... | |
Traders Buzz: Oracle Corporation, General Electric Company, Ariad ... MarketWatch Dec 19, 2013 (ACCESSWIRE via COMTEX) -- New York, December 19, 2013 / Accesswire / - Market Buzz Report, which provides live alerts on penny stocks, issues critical stocks analysis for Oracle Corporation (NYSE:ORCL) , General Electric Company ... | |
Facebook Announces Proposed Follow-On Offering MarketWatch MENLO PARK, Calif., Dec. 19, 2013 /PRNewswire via COMTEX/ -- Facebook, Inc. (NASDAQ:FB) today announced that it is commencing an underwritten registered public offering of 70,000,000 shares of its Class A common stock. A total of 27,004,761 shares ... | |
Asia markets muted on China liquidity, Fed move San Francisco Chronicle PARIS (AP) — Investors continued Friday to breathe a sigh of relief that the U.S. central bank has committed to keeping interest rates low even though it has decided to start pulling back on its monetary stimulus. Stocks in Europe pushed higher following a ... | |
McDonald's Has To Get Rid Of 10 Million Pounds Of Mighty Wings San Francisco Chronicle McDonald's has 10 million pounds of Mighty Wings it needs to sell soon. The wings, which represent 20% of the chicken wings produced for a promotion, are in frozen storage, writes Julie Jargon at The Wall Street Journal. McDonald's was "unable to sell ... | |
7 Reasons Why Bitcoin Attacks Will Continue InformationWeek Cryptographic currency's rising value makes it an appealing target for cybercrime gangs and crimeware toolkit developers. Bitcoins: Currency of the future, or perpetual plaything of Ponzi-schemers and money launderers? Regardless of your views on the ... | |
Have markets finally received Bernanke's taper message? MSN Money (Reuters) - Thanks goodness it's over. Financial market behavior ahead of last night's announcement by Ben Bernanke on a gradual reduction in U.S. monetary stimulus has been tedious and irritating, rather like listening to whining children in the back of the ... | |
Outdated Magnetic Strips: How U.S. Credit Card Security Lags KPLU News for Seattle and the Northwest The U.K., Canada and other countries have been using more secure chip credit cards for years now. Why hasn't the U.S. caught up? Originally published on Thu December 19, 2013 3:36 pm. Criminals may have stolen information from 40 million credit and ... | |
ADM seeks to expand carbon capacity The State Journal-Register The Mount Simon Sandstone formation underlies much of the Midwest. The Illinois Basis portion includes much of Illinois and portions of Indiana and Kentucky at thicknesses of less than 500 feet to more than 2,000 feet. Source: Illinois State Geological ... | |
Stocks pause on Wall Street a day after a surge Coeur d'Alene Press NEW YORK - U.S. stock indexes ended up pretty much where they started on Thursday, a day after a powerful surge. Stocks gained the most in more than two months Wednesday after the Federal Reserve said it would reduce its bond-buying program to $75 ... | |
Best Stocks of the Nasdaq 100 in 2013 Kiplinger Personal Finance The top-performing company in the traditionally tech-heavy index was, of all things, a car maker. By Carolyn BigdaSee my bio, plus links to all my recent stories., December 19, 2013. Follow @CarolynBigda. It has been a very good year for the Nasdaq 100. | |
Cubetensils Children's Eating Utensils Recalled by Edoche Due to Choking ... Sacramento Bee WASHINGTON, Dec. 19, 2013 -- /PRNewswire-USNewswire/ -- Consumers should stop using this product unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product. | |
Stock futures signal lower opening, dollar climbs to five-year high vs. yen Seeking Alpha Stock futures indicate investors will take a pause from yesterday's record closing highs, adding to losses after weekly jobless claims rose to the highest level since late March; Dow and S&P futures -0.3%. European bourses are strong after yesterday's Fed ... | |
Healthcare reform insurance deadline will be met, says HHS Live Insurance News The department has vowed that it will be prepared for the start of the insurance plans on January 1. The Department of Health and Human Services has announced that the HealthCare.gov website will be able to handle the volume of visitors that will be ... | |
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