Warren Buffett's firm buying Phillips 66 unit USA TODAY OMAHA, Nebraska (AP) — Warren Buffett's company has agreed to trade roughly $1.4 billion of its stock in Phillips 66 for one of the refiner's chemical businesses. Houston-based Phillips 66 said Monday that Berkshire Hathaway will give up about 19 million ... | |
Winners of 2013: Boring Investors Wall Street Journal In the best year for U.S. stocks since 1995, the smart way to play the markets has been to follow the dumb money. So-called dumb-money strategies, which involve buying and holding a plain-vanilla portfolio of U.S. stocks, did much better than the more ... | |
VEGOILS-Palm oil edges up on Borneo flood worries, weak ringgit Reuters ... Print. * Investors take positions ahead of more monsoon floods -trader * Heavy rain warnings over parts of Sarawak -Malaysia's Meteorological Dept * Ringgit falls 0.17 pct to 3.2935 against U.S. dollar on Monday By Anuradha Raghu KUALA LUMPUR, Dec ... | |
Oil Futures Supported by Bullish US Oil Data Wall Street Journal Crude-oil futures edged up in Asian trading hours on Monday as investors considered bullish weekly U.S. oil inventory data and developments in Libya and South Sudan. On the New York Mercantile Exchange light, sweet crude futures for delivery in February ... | |
Chinese official: Soil pollution hurts farming Washington Post BEIJING — A Cabinet official says more than 8 million acres of China's farmland is too polluted with heavy metals and other waste to be used for growing food. The comments Monday by Wang Shiyuan, a deputy minister of the Ministry of Land and Resources, ... | |
Wall St. closes mostly flat, but Dow hits record Reuters NEW YORK (Reuters) - Stocks closed mostly flat on Monday, with the Dow edging up to another record closing high and the S&P 500 index's advance stalling in response to light trading volume and weaker-than-forecast housing data. The benchmark S&P ... | |
GM Starts Record 1.46 Million China Recall Since Tougher Law Bloomberg A General Motors Co. Buick Excelle stands on display at the GM Buick Yongda dealership in Shanghai. A General Motors Co. Buick Excelle stands on display at the GM Buick Yongda dealership in Shanghai. Close. Close. Open. Photographer: Qilai Shen/ ... | |
Ford to be 2013's best-selling car brand in US USA TODAY Ford has sold more than 2.4 million vehicles this year and expects to retain for 2013 its title over Toyota as the best-selling vehicle brand in North America. The Dearborn-based automaker expects to widen its lead with record sales of the Fusion, Escape and ... | |
Legal pot sales begin amid uncertainty in Colo. The Seattle Times Legal pot sales begin amid uncertainty in Colo. A gleaming white Apple store of weed is how Andy Williams sees his new Denver marijuana dispensary. By KRISTEN WYATT. Associated Press. Related. Most Popular Comments. Hide / Show comments. | |
The Year in Euroland Wall Street Journal The euro zone is poised to enter 2014 on a high note, relatively speaking. For several years it has been easier to call the future of the common currency into doubt than predict its success. But in 2013 the euro survived the tremors in Cyprus, Ireland exited its ... | |
China, South Korea alarmed as yen slide threatens exporters Reuters SEOUL (Reuters) - China and South Korea's anxiety over the rapidly falling yen came to the fore on Monday as senior officials said their exporters could be hurt by Japan's attempts to pull its moribund economy out of a two-decade slump. Beijing and Seoul ... | |
Mondelez to Sell Snackwell's Stake to Private-Equity Firm Wall Street Journal Brynwood Partners said it will combine SnackWell's with its Back to Nature cookies and granola business. It acquired a controlling stake in that business last year through a similar transaction with Mondelez, the snacks business spun out of Kraft Foods Inc. | |
Mass-Transit Commuters Face a Hit Wall Street Journal WASHINGTON—An expiring tax-code provision means commuting by mass transit will cost some people more when the new year begins Wednesday. The maximum monthly tax exemption for transit riders is set to drop to $130 in 2014, while the benefit for ... | |
Inexpensive Stocks Take Lead in Rally Wall Street Journal Investors are homing in on shares seen as bargains, a shift that bulls say could keep this year's epic stock rally going in 2014. Leading the S&P 500 this year are stocks with characteristics that broadly place them in the "inexpensive" category: those with ... | |
UPDATE 1-European Factors to Watch-Shares set to pause at 5 year highs Reuters LONDON Dec 30 (Reuters) - European stocks were seen steadying on Monday after two weeks of strong gains that have pulled markets to five-year highs, with a risk that Italian lender Monte Paschi could be nationalised in focus in what could otherwise be a ... | |
FOREX-Yen slides to 5-yr low, euro near 2-yr high vs dlr Reuters ... slideshows. * Investors optimistic on 2014 global economy, positive on risks. * Yen hampered by expectations of more BOJ easing. * Euro helped by year-end buying, ECB comments. By Hideyuki Sano. TOKYO, Dec 30 (Reuters) - The yen dropped to ... | |
What Social Media Managers Need To Know About Facebook In 2014 Forbes For many of us, it's hard to believe that 2013 is almost over. It was a big year for social media, as Twitter went public, Snapchat rejected a $3B offer from Facebook and the emergence of mobile as a primary device caused advertisers to scramble to reach their ... | |
Amazon Counts With Prime Numbers Wall Street Journal Pre-Christmas delivery problems aside, the e-commerce giant said last week that it added more than a million new subscribers to its $79-a-year Prime membership program in the third week of December. Prime now has "tens of millions of members ... | |
Mass. AG: Countrywide to pay $17.3M in settlement Houston Chronicle BOSTON (AP) — The Massachusetts state employees' pension fund will receive more than $11 million as part of a settlement with Countrywide Securities Corp., state Attorney General Martha Coakley said Monday. The settlement was announced as part of ... | |
Stocks: Break out the champagne! CNN It's been a terrific year for stocks and investors are hoping 2013 goes out on a high note. The final two weeks of the year are typically good for stocks, a phenomena known on Wall Street as the Santa Claus rally. Over the past 100 years, the Dow has gained in ... | |
Drone enthusiasts, FAA on legal collision course San Francisco Chronicle Well before Amazon.com introduced the idea of commercial drone deliveries to the public imagination, U.S. regulators were telling people flying these unmanned devices to ground their gadgets and to file for a permit. The Federal Aviation Administration has ... | |
Fukushima cleanup exploits homeless laborers, investigation... The Verge Reuters is back with more details on the Fukushima labor mess, and this time the focus is on the issues facing homeless laborers being recruited for work. In a follow-up to a wide-ranging report earlier this year, Reuters details how many homeless people are ... | |
US 10-year notes in longest losing streak during 6 months Economic Times US treasury 10-year notes fell for a sixth straight week, the longest stretch since June, as signs of a quickening economic recovery boosted speculation the Federal Reserve will keep cutting debt purchases. ET SPECIAL: Save precious time tracking your ... | |
Ex-Labor secretary Reich holds court San Jose Mercury News Former Labor Secretary Robert B. Reich, who served in the Clinton administration, warned during an interview of the perils of widening income inequality in the United States, excessive executive compensation and the future of labor. Reich is promoting his ... | |
Bob's Discount Furniture in Stoughton evacuated after bomb scare Enterprise News An unidentified man went into Bob's Discount Furniture on Sunday making claims that a nuclear bomb had gone off, leading authorities to evacuate the store, police said. The man was sent by ambulance to a local hospital for a mental health evaluation, ... | |
International markets roundup Sydney Morning Herald AAP. A roundup of trading on major world markets: NEW YORK - US stocks closed slightly lower as the market paused after a torrid multi-day rally that repeatedly set new records. The Dow Jones Industrial Average lost a scant 1.47 (0.01 per cent) at 16,478.41 ... | |
People who absolutely, positively don't give a damn Athens NEWS Last week there were reports that United Parcel Service fell far behind in its delivery of Christmas packages. That is a sad thing, but I believe I know why it took place and am here to defend the people in the ubiquitous brown trucks. The reason, I think, ... | |
This Man Wants Cracker Barrel. Will He Ever Stop Trying to Gobble It Up? DailyFinance The ownership conflict behind the scenes at Cracker Barrel Old Country Store and Biglari Holdings is heating up as the calendar moves closer to 2014. In a letter sent on Christmas Eve to the Board of Directors at Cracker Barrel, Sardar Biglari, the Chairman ... | |
Mixed messages on China debt The Australian LOCAL government debt in China reached 20 trillion yuan ($3.7 trillion) at the end of 2012, almost doubling over two years, and it has kept rising. This is one finding from new official Chinese reports that reveal the reasons behind Beijing's growing anxiety ... | |
Take steps toward affordable housing for at-risk renters Albany Times Union The following appeared in a New York Times editorial: Rep. Melvin Watt, D-N.C., who was confirmed this month as the director of the Federal Housing Finance Agency, will need to use all of his agency's powers to cope with a worsening affordable housing ... | |
3 Numbers to Watch: SP Retail, IT Conf., US pending home sales TradingFloor.com Today's updates on retail sales for Spain and confidence in Italy's manufacturing sector will provide the year's final data points for evaluating macro conditions in the Euro zone. Later, we'll also see an update on the Pending Home Sales Index for the US. | |
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