Fannie Mae, Freddie Mac may be too profitable to shut down Los Angeles Times WASHINGTON — Federal officials swooped in to rescue mortgage finance giants Fannie Mae and Freddie Mac in 2008 with the largest of all the financial crisis bailouts — a combined $187.5 billion — because they were considered too big to fail. | |
Cheerios drops genetically modified ingredients USA TODAY Under pressure from consumers and activist groups, General Mills says it will stop using genetically-modified ingredients to make its original Cheerios cereal. While the oats used to make Cheerios have never contained any genetically modified organisms ... | |
UPDATE 1-US Labor Department needs to improve how it releases data -panel Reuters By Margaret Chadbourn. WASHINGTON Jan 2 (Reuters) - The U.S. Labor Department should either tighten the procedures that it uses to release market-sensitive data to the media or scrap them altogether and distribute the data directly to the public, ... | |
What's ahead for 2014 housing market USA TODAY The housing recovery hit high gear in 2013 with bigger than expected price gains and solid home sales. This year isn't likely to be as exciting. Rising mortgage interest rates will price out some potential buyers. Instead of double-digit price gains, look for ... | |
Asian Futures Fall Amid US Stock Pullback as Yen, Gold Rebound Businessweek Index futures (KMA) from Australia to South Korea fell as U.S. equities declined, pushing benchmark gauges down from record highs. The yen rallied against major peers as Treasuries rose and gold rebounded, while crude oil slumped the most in 14 months ... | |
Manufacturing expands at solid pace USA TODAY WASHINGTON — U.S. manufacturing grew at a healthy pace in December as factories stepped up hiring and received more orders. The expansion suggests solid growth at the end of the year. The Institute for Supply Management, a trade group of purchasing ... | |
At Spirit on Lake, Gay Seniors Find Safe Haven ABC News Lucretia Kirby was on her own for the first time in years after her partner's death. She felt stranded in a church-affiliated assisted living facility, where she said bigotry and even physical threats were ignored by building managers. Russ Lovaasen was infected ... | |
Macau casinos hit jackpot with $45B revenue Washington Post HONG KONG — The tiny Chinese city of Macau has again smashed its annual record for casino earnings as revenues last year hit a staggering $45 billion. The money earned cemented Macau's position as the world's biggest gambling market. EDINBURGH ... | |
Alicia Keys out as BlackBerry's 'creative director' CNN Alicia Keys, we hardly knew ye as Blackberry's "creative director." The singer and the smartphone maker are parting ways after just one year. BlackBerry bestowed Keys with the creative director title in January 2013, at a big launch of the company's new ... | |
US agency warns of extra-flammable Bakken crude oil The Globe and Mail Crude oil produced in North Dakota may be more flammable and prone to explosions than earlier thought, U.S. officials said on Thursday as they examine whether gas trapped in crude-by-rail shipments could explain a spate of fiery accidents. In the latest ... | |
Injuries cause Walmart card table set recall Boston.com A card table and chair set sold at Walmart is being recalled because the chairs can collapse and have led to people losing fingertips and an entire finger, the U.S. Consumer Product Safety Commission said. At least 10 injuries related to the sets have been ... | |
American Airlines employees choose flag tail design MiamiHerald.com American Airlines employees have decided they like the new look for its airplanes. After a company-wide vote with 60,418 votes cast, American announced Thursday that its aircraft livery will feature the new flag tail design that was unveiled last January. | |
Confusion, relief mark start of new health reforms Houston Chronicle SACRAMENTO, Calif. (AP) — The new year brought relief for Americans who previously had no health insurance or were stuck in poor plans, but it also led to confusion after the troubled rollout of the federal health care reforms sent a crush of late applications ... | |
Health overhaul benefits take effect with new year Washington Post SACRAMENTO, Calif. — After a troubled rollout, President Barack Obama's health care overhaul now faces its most personal test: How will it work as people seek care under its new mandates? Most major pieces of the Affordable Care Act take full effect with ... | |
S&P 500 Falls to Start Year Lower for 1st Time Since 2008 Bloomberg U.S. stocks declined, with the Standard & Poor's 500 Index starting the year lower for the first time since 2008, after benchmark indexes posted the biggest annual rallies in more than 15 years. Apple Inc. (AAPL) fell 1.4 percent after Wells Fargo & Co. cut its ... | |
Wal-Mart recalls donkey product in China after fox meat scandal Reuters SHANGHAI (Reuters) - Wal-Mart Stores Inc, the world's largest retailer, has recalled donkey meat sold at some outlets in China after tests showed the product contained the DNA of other animals, the U.S. company said. Wal-Mart will reimburse customers who ... | |
At Papers, Berkshire Rewrites Its Script Wall Street Journal Shortly after Warren Buffett's Berkshire Hathaway Inc. bought the Richmond Times-Dispatch newspaper in 2012, things began to change. Eight-year-old newsroom computers were replaced. A malfunctioning sound system in the 180-seat auditorium of the ... | |
Dollar Bulls See Greenback Gaining Strength Wall Street Journal The strengthening recovery in the U.S. has led the Federal Reserve to announce a long-awaited reduction of its $85 billion-a-month bond-buying program, which has kept rates low and the dollar cheap. The turnaround could spell the end of more than a ... | |
A123's owner bids for bankrupt automaker Boston Globe The owner of local battery maker A123 Systems LLC is making a last-minute bid to buy bankrupt Fisker Automotive, a government-backed California automaker that once used A123's advanced batteries in its Karma hybrid. Fisker, which filed for bankruptcy ... | |
Many blue-collar Americans expect never to retire Detroit Free Press Tom Edwards grew up in a family that has been cutting trees and hauling timber in the Pacific Northwest for more than a century. The Spanaway, Wash., resident says he has worked as a logger since he was a kid. Now, at 53, with business in a slump and ... | |
UPDATE 1-Investors continue to pull out from DoubleLine's flagship fund Reuters NEW YORK Jan 1 (Reuters) - Jeffrey Gundlach's DoubleLine Total Return Bond Fund had outflows of $2.08 billion in December, marking the seventh straight month of investor withdrawals from the fund, data from Morningstar showed on Wednesday. Federal ... | |
Vietnam manufacturing growth picks up MarketWatch HANOI--Manufacturing activity in Vietnam expanded for the fourth-straight month as business conditions continue to improve. The HSBC Vietnam Manufacturing Purchasing Managers' Index was 51.8 in December compared with 50.3 in November. | |
Pa. gas taxes rise, but lower 2014 prices are seen Houston Chronicle HARRISBURG, Pa. (AP) — Taxes on gasoline and diesel in Pennsylvania were higher as of Wednesday, the first of three increases being imposed by a new law, but that does not necessarily mean that motorists filling up their tanks in the state will pay more at ... | |
Wall Street stocks open 2014 on a sour note, Dow falls 135 points Los Angeles Daily News Booz Allen Hamilton Chairman and CEO Ralph Shrader, center, and guests attend the opening bell ceremony at the New York Stock Exchange, Thursday, Jan. 2, 2014. The defense contractor provides management, technology, and engineering services to ... | |
Chinese magnate wants to buy New York Times Sydney Morning Herald A spotlight-loving Chinese business mogul wants to expand his empire into media by purchasing The New York Times. Chen Guangbiao, who made his fortune recycling material from torn-down buildings, said on Tuesday that he plans to discuss the issue in ... | |
County's population growth inevitable Cleburne Times-Review For some, growth means progress and improvement. For those in governmental agencies, it means a larger tax base, which in turn means more money to operate cities, school districts and the county. For others, though, growth means losing the character that ... | |
NORTH DAKOTA TRAIN DERAILMENT: Broken axle found at scene Mesabi Daily News In an undated image provided by the National Transportation Safety Board NTSB board membger Robert Sumwalt, right, views damaged rail cars in Casselton, N.D. A BNSF Railway train derailed Monday afternoon near the eastern North Dakota town of ... | |
98th farm show kicks off Saturday The Tribune-Democrat JOHNSTOWN — There is no better way for Pennsylvanians to learn the importance of farming than to attend the Pennsylvania State Farm Show at 2300 N. Cameron St. in Harrisburg. The 98th edition of the agriculture showcase opens Saturday and continues ... | |
Unemployment drops in Lake Country counties Eatonton Messenger The unemployment rates for Putnam County and neighboring Morgan and Greene counties dropped for three of the last four months, while the statewide rate hit its lowest level in five years during November, according to a report released late last week by the ... | |
Carter Countians among thousands of area residents signing up for new health ... Journal-Times Jan. 1, 2014 — Despite the dire predictions of certain politicians and others, more than 800 Carter County residents are among nearly 5,000 area residents signed up for new federally-mandated health care starting today, Jan. 1. In statistics compiled through ... | |
Wall Street Recovers As Workers Are Left Behind WBFS NEW YORK (CBSMiami) – Charles Dickens' famous line, "It was the best of times, it was the worst of times," succinctly sums up the difference between workers and corporations as 2014 begins. On Wall Street, the Dow Jones Industrial Average closed ... | |
Twitter Inc (NYSE:TWTR) Sets High Expectation Among Social Media Lovers Market News Call Twitter Inc(NYSE:TWTR) ended its IPO year on an up note, after a roller-coaster week that saw its shares hit a record high, then plunge 15% in two days. Twitter shares rose $3.14, or 5.2%, to $63.65, Tuesday. That's 145% above their $26 IPO price, giving the ... | |
Stock market live blog: Unhappy new year as stocks retreat; Dow off 135 points MarketWatch (blog) We are writing a live blog of the U.S. stock market Thursday. You can read a wrap of pre-market actions here and after the open, a compact rundown of the stock market in Market Snapshot. For questions or comments, please email ... | |
Rising Mortgage Rates Close 2013 USFinancePost Rising Mortgage Rates Close 2013 Rates for fixed-rate mortgages have experienced steady ups and downs through 2013, finishing out the year on the rise, according to new data. The average rate for the benchmark 30-year mortgage reached 4.48% in the ... | |
Is Nimble Storage Inc (NMBL) Really a Better Storage Play Than Violin? Next iPhone News Recent IPOs in the enterprise flash-storage segment have had very different trading outcomes. The more recent IPO of Nimble Storage Inc (NYSE:NMBL) performed much better than expected, while Violin Memory Inc (NYSE:VMEM) pretty much tanked a few ... | |
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