Madoff set clients' profits, witness testifies USA TODAY NEW YORK — Ponzi scheme mastermind Bernard Madoff dictated specific rates of return for his investment clients — and even decreed one should never be stuck with losses — according to trial testimony on Wednesday. Testifying in the fraud case against ... | |
Stolen radioactive material in Mexico found, no risk to population, official says Fox News Stolen radioactive material that was reported missing in Mexico early Wednesday has been recovered and there's no risk to the surrounding population, a Mexico official said. The highly radioactive material was found in an empty lot about a half a mile from ... | |
Dollar slips as investors lock in gains before US jobs data Reuters TOKYO/SYDNEY (Reuters) - The dollar retreated against the yen and a basket of currencies in Asia on Wednesday as investors locked in profits ahead of major risk events including U.S. jobs data due later in the week. The Australian dollar, meanwhile, ... | |
Report: Seven in 10 students graduate from college with loans; average debt on ... Washington Post More than 70 percent of college graduates in 2012 had student loans, and their average debt surpassed $29,000, according to an independent analysis of federal data made public Wednesday. Both figures were higher than what was found in a comparable ... | |
Tesco U.K. Sales Fall as Grocer Loses Ground to Discounters Bloomberg Tesco Plc (TSCO), the largest U.K. retailer, reported a renewed decline in domestic sales as its efforts to stave off discounters and more upscale competitors wavered. U.K. same-store sales fell 1.5 percent, excluding gasoline and value-added tax, in the fiscal ... | |
EU Fines in Rate Case Expected Within Days Wall Street Journal European Union antitrust authorities are set to hit a group of major banks with heavy fines as soon as Wednesday for allegedly colluding to rig interbank lending rates, people familiar with the matter said. The fines to be levied by the European Commission ... | |
Democrats Urge McDonald's to Raise Store Workers' Wages Businessweek Protesters demonstrate inside of a McDonald's Corp. restaurant in Los Angeles, California, on Aug. 29, 2013. Fast-food cooks make $9 an hour on average, according to the Bureau of Labor Statistics. Photographer: Patrick T. Fallon/Bloomberg. Democrat ... | |
Texas insurance chief says Obamacare "navigators" need background checks ... Dallas Morning News AUSTIN — The Texas Department of Insurance on Tuesday proposed background checks and 40 hours of additional training for the federally paid "navigators" who help consumers sign up for coverage under the federal health law. The department called for ... | |
First Take: Fed sees 'strong' in right places USA TODAY Reading the Federal Reserve's new Beige Book, one thing jumps out of the 65 pages of mostly beige prose: The word "strong" is showing up a lot, and in places where it counts most. The Beige Book seemingly makes a point of describing the overall pace of ... | |
UPDATE 1-Bank of Ireland to repay state 1.8 billion euros Reuters By Padraic Halpin. DUBLIN Dec 4 (Reuters) - Bank of Ireland plans to raise 580 million euros ($788 million) of equity on Wednesday as part of a deal to repay 1.8 billion euros of state-owned preference shares and hand the government a timely boost. | |
Asian shares slide as data-wary investors take profits Reuters TOKYO (Reuters) - Most Asian shares slumped on Wednesday as the prospects of a reduction in the U.S. Federal Reserve's stimulus early next year prompted investors to cash in gains from recent rallies. MSCI's broadest index of Asia-Pacific shares outside ... | |
Low bank wages costing the public millions, report says Washington Post Almost a third of the country's half-million bank tellers rely on some form of public assistance to get by, according to a report due out Wednesday. Researchers say taxpayers are doling out nearly $900 million a year to supplement the wages of bank tellers, ... | |
US trade deficit drops to $40.6 billion in October Imperial Valley Press FILE - In this Wednesday, Oct. 23, 2013, file photo, container ships wait to be off loaded in a thick fog in Oakland, Calif. The government reports on the U.S. trade deficit for October on Wednesday, Dec. 4, 2013. (AP Photo/Ben Margot, File). Posted: Wednesday ... | |
Diners not biting on KFC's China revival campaign Reuters NEW YORK/SHANGHAI Dec 4 (Reuters) - Yum Brands Inc's KFC website in China trumpets the slogan "Trust in every bite". That message is part of the company's new "I Commit" campaign intended to reassure customers in its largest market, who have cut ... | |
Man who led crusade for Doritos Locos Tacos dies Today.com Todd Mills, the man many knew as the "mastermind" behind Taco Bell's popular Doritos Locos Tacos, has died of cancer. Mills, the 41-year-old vice president of media and information technology at the Little Rock Regional Chamber of Commerce, had a ... | |
Sony Said to Begin Talks With Renesas to Acquire Chip Plant (2) Businessweek A Renesas Electronics Corp. central processing unit (CPU) board and microcontrollers are arranged for a photograph in Soka City, Saitama Prefecture, Japan. Photographer: Kiyoshi Ota/Bloomberg. Sony Corp. (6758) is set to begin formal talks to buy a ... | |
US New-Home Sales Surged in October Wall Street Journal Sales of new homes picked up in October and inventory fell, a sign the housing market may be stabilizing after a sharp summer slowdown. New-home sales rose 25% in October from the prior month to an annual rate of 444,000, the Commerce Department ... | |
Oil Rises Most Since September on Keystone Pipeline Plan Bloomberg West Texas Intermediate crude gained the most since September after TransCanada Corp. (TRP) said it will begin operating the southern leg of its Keystone XL pipeline to the Gulf Coast in January. Prices jumped to a one-month high, narrowing WTI's ... | |
Smaller Mortgage Lenders Lead Field Wall Street Journal Big banks have been retrenching from the mortgage business recently, leaving smaller players to pick up larger chunks of business. As of the third quarter, smaller mortgage players held a 60% market share of the U.S. origination market, up from 39% in 2009, ... | |
Short-term fix eyed for another problem with US healthcare website Reuters WASHINGTON Dec 3 (Reuters) - President Barack Obama's administration has found a short-term fix to pay insurance companies for plans selected on HealthCare.gov, the not-yet-complete government website used to shop for insurance required under ... | |
Gross's Bond Fund Had Redemptions of $3.7 Billion Last Month (1) Businessweek Bill Gross's Pimco Total Return Fund (PTTRX:US), which lost its title as the world's largest mutual fund in October, had its seventh straight month of withdrawals in November as investors continued to flee bonds. Clients pulled an estimated $3.7 billion from ... | |
IRS Needs Changes to Avoid Health Law Fraud, Audit Says Bloomberg The U.S. Internal Revenue Service needs to make changes to prevent fraud and improve security in systems it is building to deliver health insurance subsidies, according to an audit by the tax agency's inspector general. The audit, released today by the ... | |
Alabama looking to attract Boeing assembly plant Longview Daily News Gov. Robert Bentley said Alabama will be among the states submitting a proposal next week to build Boeing's new 777X aircraft, and the proposal will stress more than just the money the state is offering. "We are a right-to-work state and that is vitally important ... | |
2 same-sex couples sue BNSF over health benefits Businessweek SEATTLE (AP) — Two workers sued one of the nation's largest rail companies Tuesday, saying their same-sex spouses have repeatedly been denied health benefits even though voters in Washington state legalized gay marriage last year. The lawsuit ... | |
California Bay Area commuter rail unions sue to enforce contract that ended strike Reuters SAN FRANCISCO Dec 3 (Reuters) - Unions representing more than 2,000 rail workers on Tuesday sued the San Francisco area's commuter rail system, the nation's fifth largest, saying management had reneged on an agreement to end a strike that paralyzed ... | |
'TipsforJesus' leaves thousands in tips USA TODAY From San Francisco to Chicago, TipsforJesus is leaving large tips of up to $10,000 at restaurants. According to its Instagram page, the unnamed Good Samaritan(s) is "doing the Lord's work, one tip at time." (By the way, the USA TODAY Network would like ... | |
IZEA to participate in FTC Native Advertising Workshop Wall Street Journal ORLANDO, FL--(Marketwired - Dec 3, 2013) - IZEA, Inc. (OTCQB: IZEA), the leader in Sponsored Social, today announced that the company is attending the Federal Trade Commission's Native Advertising Workshop in Washington D.C. to provide perspective ... | |
IDC Lowers Tablet Shipment Forecast, Citing Effect of Bigger Phones Wall Street Journal International Data Corp. lowered its long-term worldwide tablet shipment forecast, projecting growth to slow to a single-digit rate by 2017. IDC said an important factor will be the increasing number of smaller tablets and how they are affected by an increase in ... | |
Euro zone factory prices slump to nearly 4-year low in October Reuters BRUSSELS (Reuters) - Euro zone producer prices fell more than expected in October, data showed on Tuesday, with the annual inflation rate at a nearly 4-year low in a fresh sign of a sharp fall in inflationary pressures. Prices at factory gates in the 17 ... | |
Bombardier Names New Commercial Aircraft Sales Chief Wall Street Journal Bombardier said Tuesday that Raymond Jones will take over as senior vice president of sales, marketing and asset management for its commercial aircraft unit. Mr. Jones is replacing Chet Fuller, who will leave Bombardier at the end of 2013 "to pursue other ... | |
US STOCKS SNAPSHOT-Wall St ends down for third session Reuters NEW YORK Dec 3 (Reuters) - U.S. stocks fell for a third straight session on Tuesday, dropping from record levels in a broad decline as investors took profits amid signs of a weak holiday shopping season. Based on the latest available data, the Dow Jones ... | |
Snapchat Scoops Up Facebook, Instagram Exec as COO Mashable Snapchat added Emily White, the director of business operations at Instagram, as the company's new COO on Tuesday, according to AllThingsD. The now-former Facebook exec had been director of mobile partnerships at Facebook beginning in 2011, ... | |
Sturdy jobs report eyed, may put December Fed taper on table Reuters WASHINGTON (Reuters) - U.S. job growth likely remained solid in November, with the unemployment rate falling, which could bring the Federal Reserve a step closer to curtailing its massive monetary stimulus. Nonfarm payrolls are expected to have ... | |
Stock Futures Point to Lower Open on Taper Fears Fox Business Stock futures were under water Tuesday, with Wall Street set to open below major psychological levels, as fears that the Federal Reserve could opt to taper its bond-buying program early. Auto makers will report sales, putting Ford Motor Co. and General ... | |
Polar Bear Researcher Gets $100000 In Settlement With Feds NPR A scientist whose observations of drowned polar bears raised alarms about climate change has received $100,000 to settle a whistle-blower complaint against an agency of the Department of the Interior. Under the settlement, wildlife researcher Charles ... | |
5 Steps to Consider if You Can't Afford to Retire Fox Business Many baby boomers are approaching retirement, but that doesn't mean they are financially prepared. "There is no doubt there's a retirement crisis," says Christopher McIntire, president of McIntire Retirement Services. "People have not saved enough.". | |
Billionaire investor Icahn steps up pressure on Apple Reuters Canada SAN FRANCISCO (Reuters) - Billionaire investor Carl Icahn said on Wednesday that he has filed a shareholder proposal with Apple for a much smaller stock buyback plan than he has advocated previously, as he continued to pressure Apple to share more of ... | |
Moody's boosts Rockland's outlook to 'stable' The Journal News | LoHud.com With a vote on its 2014 county budget set for Thursday, Rockland County has caught a second important credit rating break. Moody's Investors Service has boosted Rockland's credit rating outlook for borrowing new money to stable, up from negative. | |
Congressman Pushes $27 Billion Tax Hike On Drivers TheNewspaper.com Oregon congressman introduces legislation to boost transit programs by nearly doubling the federal gasoline excise tax. Earl Blumenauer The leading advocate of bicycling in the US Congress wants drivers to pay an extra $27 billion a year at the gas pump. | |
Which tree is "greener," real or fake? KFMB News 8 SAN DIEGO (CBS 8) - Now that it's the holiday season, many of our viewers will be putting up a Christmas tree. But should you head to the lot to pick up another live tree, or is this the year to get a fake one that will last for years to come? That decision may ... | |
Spotlight on economy: ADP jobs release to provide clues on key payrolls report MarketWatch (blog) Can the U.S. jobs report for November end up as robust as October's surprising 204,000 gain? We'll get a hint with Wednesday's ADP employment report at 8:15 a.m. Eastern. ADP handles the payrolls for thousands of U.S. companies and many workers will ... | |
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