Ex-Goldman VP gets 9 months CNN A former Goldman Sachs vice president and trader, was on Friday sentenced to nine months in prison by a federal judge in Manhattan for trying to cover up an $8.3 billion trade. Matthew Taylor, age 34, pleaded guilty to wire fraud in April. As a result, he has ... | |
GLOBAL MARKETS-Asia shares waver, bond yields climb into US data Reuters ... slideshows. * Markets on defensive going into US payrolls data. * Nikkei steadies after two days of losses. * Bond yields up on risk Fed tapers stimulus this month. * European stocks seen opening flat to slightly firmer. By Wayne Cole. SYDNEY, Dec 6 ... | |
Citigroup, Wells Fargo Sued by LA for Discriminatory Lending Businessweek Citigroup Inc. (C:US) and Wells Fargo & Co. were accused of discriminatory mortgage lending by the city of Los Angeles, which seeks damages for reduced property tax revenue and the costs of maintaining foreclosed properties. The city filed complaints ... | |
Mexico hospitalizes six suspected of stealing radioactive material Reuters MEXICO CITY (Reuters) - Six men suspected of stealing a dangerous radioactive cargo from a truck outside Mexico City earlier this week have been treated in a hospital for signs of radiation exposure and remain under police guard, officials said on Friday. | |
Oilers 8, Avalanche 2 Reuters Oilers 6, Avalanche 2: Taylor Hall recorded his fourth career hat trick and added an assist while Ryan Smyth set up three tallies as host Edmonton rolled past Colorado. Ales Hemsky, David Perron, Mark Arcobello and Jordan Eberle each registered a goal and ... | |
Consumer borrowing rose $18.2 billion in Oct. USA TODAY WASHINGTON (AP) — Americans boosted their borrowing in October, led by another big increase in auto and student loans and the biggest rise in credit card debt in five months. Consumers increased their borrowing by $18.2 billion in October to a ... | |
Sears Holdings to spin off its Lands' End unit Los Angeles Times Sears plans to spin off its Lands' End unit, which has stayed profitable amid losses by the department-store chain. Sears Holdings Corp. plans to spin off its Lands' End Inc. unit, giving investors a piece of a profitable clothing brand amid almost nine years of ... | |
Stolen cobalt-60 found in Mexico Washington Post December 5, 2013 8:46 AM EST — A missing shipment of radioactive cobalt-60 was found Wednesday near where a stolen truck transporting the material was abandoned in central Mexico, the country's nuclear safety director said. (Associated Press) ... | |
Asia Stocks in Holding Pattern Before Jobs Report ABC News Asian stock markets were in a holding pattern Friday as investors awaited a U.S. jobs report that could solidify expectations about when the Federal Reserve will start reducing its expansive stimulus. Japan's Nikkei 225 stock average rose 0.1 percent to ... | |
Stock market jumps after strong jobs report Detroit Free Press NEW YORK — Good news was finally good news for the stock market on Friday. Stocks rose sharply after the government reported a fourth straight month of solid U.S. job gains, the latest encouraging sign for the economy. The strengthening job market ... | |
Officials give green light to Boston's first parking-free condo development Boston.com Boston regulators Thursday night approved the city's first parking-free condominium building next to North Station, setting a bold precedent in an effort to reduce automobile use in the densely-packed downtown. The 175-unit condominium building is slated to ... | |
Shanghai Orders Cars Off Road as Pollution Exceeds Top Limit (2) Businessweek A view of downtown Shanghai shows severe pollution on Dec. 5, 2013. Photographer: Peter Parks/AFP/Getty Images. A heavy fog shrouding Shanghai caused widespread flight cancellations as the worst pollution levels since government monitoring ... | |
The Downside to FHA Loans New York Times Mortgages insured by the Federal Housing Administration are the go-to product for borrowers who don't have much cash for a down payment. But the required mortgage insurance premiums have become so costly that some critics argue that the agency is ... | |
Time Warner Cable's Next CEO Ready to Sell If Price Is Right Bloomberg Rob Marcus has a message for Time Warner Cable Inc. (TWC) shareholders: I'm the right guy to decide whether to sell the company. The 48-year-old chief operating officer is replacing Glenn Britt as Time Warner Cable's chief executive officer on Jan. 1, amid ... | |
In the Murky World of Bitcoin, Fraud Is Quicker Than the Law New York Times Sarah Meiklejohn, a graduate student at the University of California, San Diego, who Sandy Huffaker for The New York Times Sarah Meiklejohn, a graduate student at the University of California, San Diego, who researches the Bitcoin economy. The call went ... | |
Payroll Gains in U.S. on Track for Best Year Since 2005 Bloomberg Job growth in November was probably strong enough to keep payroll gains on track for the best year since 2005, economists said before a report today. Employers added 185,000 workers last month after taking on 204,000 in October, based on the median ... | |
Jobless Claims in U.S. Unexpectedly Drop to Two-Month Low Bloomberg Applications for U.S. employment benefits unexpectedly fell last week to the lowest level in more than two months as the data becomes more difficult to adjust for seasonal variations during the year-end holiday period. Jobless claims decreased 23,000 to ... | |
Treasury Yields Reach 11-Week High on Fed Bets Before Jobs Data Bloomberg Treasury 10-year note yields touched an 11-week high as reports showing the economy expanded and weekly jobless claims fell added to speculation the Federal Reserve will slow bond purchases as soon as this month. Bond prices declined for a second ... | |
Two Regional Fed Presidents Call for Timetable for Tapering QE Bloomberg Two Federal Reserve regional bank presidents who have disagreed on the need for additional easing said any decision to taper bond buying should be accompanied by a limit on the size of the program or a timetable for ending it. "If and when the FOMC ... | |
US Stocks Drop a 5th Day as Economic Data Fuel Stimulus Bets Businessweek Traders work on the floor of the New York Stock Exchange. Photographer: Jin Lee/Bloomberg. U.S. stocks declined a fifth day, sending the Standard & Poor's 500 Index to a two-week low, after improving economic data boosted bets the Federal Reserve will ... | |
Stocks Fall for Fifth Day in a Row Wall Street Journal The Dow Jones Industrial Average suffered its fifth loss in a row after upbeat U.S. economic news renewed worries the Federal Reserve soon may start to withdraw its economic-stimulus efforts. The Dow fell 68.26 points, or 0.4%, to 15821.51, with the blue ... | |
FOREX-Dollar mired near 5-week low ahead of US jobs data Reuters ... slideshows. * Dollar index hovers near five-week low. * Euro steady near five-week high vs USD in wake of ECB. * USD near-term outlook hinges on non-farm payrolls. * Strength of US jobs will shape expectations for Fed taper. By Ian Chua and Masayuki ... | |
Japan state secrets bill on track to become law despite protests Reuters TOKYO (Reuters) - A Japanese state secrets bill toughening penalties for leaks came a step closer to becoming law on Thursday when ruling parties forced it through a parliamentary panel amid protests it will muzzle the media and help cover up official ... | |
US STOCKS-Wall St dips after data clouds view on Fed Reuters ... Print. * U.S. GDP, jobless claims data beat expectations. * Apple climbs after China Mobile says iPhone talks continue. * J.C. Penney falls on Morgan Stanley note. * Dow down 0.3 pct, S&P 500 off 0.4 pct, Nasdaq down 0.1 pct. By Ryan Vlastelica. | |
Jobs report to help show if US economy is for real Washington Post WASHINGTON — The U.S. economy is growing faster, corporate profits are rising and companies are laying off the fewest workers in six years. The latest government reports point to economic momentum in the midst of the critical holiday shopping season. | |
Rail Safety Momentum Rises After Derailment Wall Street Journal Support is growing for the federal government to stand firm on a 2015 deadline for new rail safety systems to be installed following a fatal commuter train derailment in New York City that experts say could have been prevented with the technology. Sen. | |
Bundesbank raises growth outlook for Germany Reuters FRANKFURT Dec 6 (Reuters) - Germany's Bundesbank raised its forecast for growth of the euro zone's largest economy this year and next on Friday, highlighting the increasing divergence between the currency block's member countries. The bank said it ... | |
Southwest Airlines buys slots given up by American Airlines Los Angeles Times The merger of American Airlines and US Airways is paying off for Southwest Airlines. To settle an antitrust lawsuit by the U.S. Department of Justice, American and US Airways agreed to give up dozens of landing and takeoff slots to ensure strong competition. | |
EU Carries Out Antitrust Raids Related to Potential Restrictions on Online Sales Wall Street Journal BRUSSELS–The European Union's antitrust authorities said late Thursday they carried out raids on a number of companies in the manufacture, distribution and retail of consumer electronic products and small domestic appliances. "The Commission has ... | |
US economy grows at 3.6 percent rate in 3rd qtr. Businessweek WASHINGTON (AP) — The U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a trend that could reverse in the current quarter and ... | |
2013: Luxury Lending Made Easy Wall Street Journal Wealthy home buyers found that it was easier and cheaper to get a mortgage in 2013. Enlarge Image. cat. For much of the year, lenders have been courting affluent home buyers with enticing terms on private jumbo mortgages, which exceed $417,000 in most ... | |
Today's Jobs Report Is Even More Important Than The Last One — Here's ... San Francisco Chronicle On Friday, at 8:30 AM ET, the U.S. Bureau of Labor Statistics releases the most important economic data release on the calendar: the November Employment Situation (a.k.a. "the jobs report"), which Wall Street economists believe will show that 185,000 ... | |
Caution: A good jobs report could sink stocks CNBC.com Melinda Walker (R) shakes hands with Angelina Tennis, a recruiter at First Command Financial Services, during a job fair. November's employment report could be good news for the economy but bad news for stocks. Economists expect to see about 180,000 ... | |
New Bedford tries to clean up mess Warren Buffett left behind SouthCoastToday.com Standing on the hurricane barrier, New Bedford Mayor Jon Mitchell has his back to the former Berkshire Hathaway mill complex in the Wall Street Journal photo published a few days ago. It's fitting, really. Berkshire Hathaway tycoon Warren Buffett turned his ... | |
McDonald's Accidentally Gives Bag of Cash at Drive-Thru Eater National A Hermitage, TN couple left a McDonald's drive-thru with a bag containing thousands of dollars instead of the breakfast they had ordered. According to Nashville's NewsChannel 5, an employee working at the drive-thru unknowingly gave them the bag of ... | |
Solid November jobs report could give economy jolt Belleville News Democrat FILE- In thisTuesday, July 16, 2013, file photo, a covered vehicle sits in part of the new paint shop at Chrysler's Sterling Heights Assembly Plant in Sterling Heights, Mich. The Commerce Department issues its second of three estimates of how fast the U.S. ... | |
Clinics Provide US Health Care Enrollment Help Voice of America HOUSTON — The debate over the Affordable Care Act, also known as Obamacare, continues. But the White House says improvements to the website have dramatically boosted enrollment. In some places, trained counselors are helping people navigate the ... | |
BARNES & NOBLE INC - 10-Q - : Management's Discussion and Analysis of ... HispanicBusiness.com Liquidity and Capital Resources The primary sources of Barnes & Noble, Inc.'s ( Barnes & Noble or the Company) cash are net cash flows from operating activities, funds available under its credit facility, cash received and committed in connection with the ... | |
ALEC's Campaign Against Renewable Energy Mother Jones This story first appeared on the Guardian website and is reproduced here as part of the Climate Desk collaboration. An alliance of corporations and conservative activists is mobilizing to penalize homeowners who install their own solar panels—casting them ... | |
Starbucks' $450 metal gift cards will go fast WXIA-TV For the second year in a row, Starbucks is rolling out an ultra-limited edition, $450 metal, gift card for the holidays - pre-loaded with $400. But this year, it's literally five times more exclusive. Last year, the coffee giant made 5,000. This year, it's making a mere ... | |
20000 Connecticut residents set to lose benefits if Congress fails to act New Haven Register FILE - In this Thursday, Nov. 14, 2013, file photo, Jimmetta Smith, of Lithonia, Ga., right, the wife of a U.S. Marine veteran, holds her resume while talking with Rhonda Knight, a senior recruiter for Delta airlines, at a job fair for veterans and family members at ... | |
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