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| Prominent Bond Trader Leaves Morgan Stanley New York Times |
A prominent bond trader who was hired to revitalize Morgan Stanley's trading business but whose division racked up sizable losses has left the Wall Street firm. The trader, Glenn Hadden, was head of global rates, an important operation that trades ...
| Made-in-America Gets Better as Price Drives Better Sales Bloomberg |
Sales soared by as much as 25 percent at Gordon Stewart's four Chevrolet stores in 2013, the fourth straight year of rising U.S. auto sales, and he said he's never had a better lineup from General Motors Co. His best market will come when he no longer has to ...
| JPMorgan Chase nears a $2 billion deal in a case tied to Madoff CNBC.com |
Working through a long list of legal problems, JPMorgan Chase is starting the new year with another steep payout to the government. The bank plans to reach as soon as this week roughly $2 billion in criminal and civil settlements with federal authorities who ...
| China Wages Seen Jumping in 2014 Amid Shift to Services: Bloomberg |
Women holding umbrellas walk back to work after a lunch break in the Futian district of... Read More. Women holding umbrellas walk back to work after a lunch break in the Futian district of Shenzhen. In Shenzhen, the 13 percent rise in the minimum wage to ...
| Samsung Profit Misses Estimates as High-End Handset Growth Slows Businessweek |
Shipments of Samsung Electronics Co.'s Galaxy S4, which hit shelves in April, fell to 13 million units in the fourth quarter from 17 million in the previous three months, Daewoo Securities Co. said in a Dec. 23 report. Photographer: SeongJoon Cho/Bloomberg.
| Office-Rental Market Is Getting Stronger Wall Street Journal |
The recovery of the U.S. office market picked up steam during the fourth quarter of 2013, according to new data from real estate research firm Reis Inc. Businesses occupied an additional 8.5 million square feet of office space in the quarter. That was only a ...
| VEGOILS-Palm slips to 2-wk low on oversupply fears; investors gear up for 2014 ... Reuters |
... Print. * Prices fall to 2,594 rgt in early trade, lowest since Dec. 23 * Palm oil to test support at 2,605 ringgit -technicals * Market players take up positions for 2014 -trader By Anuradha Raghu KUALA LUMPUR, Jan 6 (Reuters) - Malaysian palm oil futures ...
| UPDATE 1-China services industry growth slows, confirms year-end cooldown Reuters |
... Print. * China HSBC services PMI at lowest in over 2 years. * Other services and factory surveys also point to some loss of momentum. * Activity still expanding but at slower clip. BEIJING, Jan 6 (Reuters) - Growth in China's services industries slowed in ...
| GLOBAL MARKETS-Asian shares tumble to 3-week low on China services PMI Reuters |
... Print. * Asia ex-Japan shares head for fourth straight day of losses. * Japan's Nikkei tumbles 2.4 pct, Thai stocks fall to 16-month low. * Gold climbs to near three-week high. By Dominic Lau. TOKYO, Jan 6 (Reuters) - Asian shares fell to a three-week low on ...
| Ford Deliveries in China Surge 49% in 2013, Overtaking Toyota Businessweek |
Ford Motor Co. (F:US)'s China sales in 2013 surged 49 percent, overtaking Toyota Motor Corp. (7203) as the nation's fifth-largest foreign automaker. Ford delivered a record 935,813 units in the country last year, while Toyota's sales gained 9.2 percent to ...
| GLOBAL MARKETS-Asian shares steady after 4 days of losses, dollar soft Reuters |
TOKYO Jan 7 (Reuters) - Asian shares stabilised on Tuesday after four straight days of losses, while the dollar was on defensive after disappointing U.S. services sector data raised concerns about stuttering growth in the world's largest economy.
| Boss of Chinese Railway Builder Dies ABC News |
The president of one of China's biggest railway builders has died and a newspaper reported he might have killed himself. Bai Zhongren, president of state-owned China Railway Group Ltd., died Saturday due to an accident, the company said in a statement.
| Toyota says Dec China auto sales up 19.4 pct y/y Reuters |
BEIJING Jan 6 (Reuters) - Toyota Motor Corp and its two local joint-venture partners sold about 108,400 automobiles in China in December, up 19.4 percent from a year earlier, the Japanese automaker said on Monday. That follows a 40.7 percent ...
| Euro Jobless Scourge Seen Defying Leaders' Growth Pledge Bloomberg |
A butcher smokes while posing for a photograph outside his chicken store in the Kapani... Read More. A butcher smokes while posing for a photograph outside his chicken store in the Kapani district market in Thessaloniki, Greece. Euro-zone unemployment ...
| The Deal: Men's Wearhouse-Jos. A. Bank Deal Odds TheStreet.com |
NEW YORK (The Deal) - Though men's clothing retailers Men's Wearhouse (MW) and Jos. A. Bank Clothiers (JOSB) appear to be on a collision course with Men's Wearhouse's new $57.50 per share hostile takeover bid - about $1.61 billion - indications from ...
| Union workers seize two managers at Goodyear plant Newsday |
Monday's meeting in the northern French city of Amiens was not going well. As farm tires were rolled in to block the doorway, two Goodyear managers were trapped in a conference room with angry French workers who were demanding more money in ...
| Yen firmer as disappointing US data trips dollar CNBC.com |
The yen firmed across the board early in Asia on Tuesday as investors took aim at the greenback in the wake of disappointing U.S. data, although many currencies remained in familiar ranges in still thin market conditions. Trading is usually lackluster in the ...
| Apple Facing Criticism About Diversity Changes Bylaws Bloomberg |
Apple Inc., facing behind-the-scenes pressure from some shareholders to add more female directors and executives, has taken a step to address the criticism and diversify its board. The world's most valuable company recently added language to a board ...
| Swiss National Bank Expects CHF9 Billion Loss Wall Street Journal |
ZURICH--The Swiss National Bank said Monday it expected to post a loss of 9 billion Swiss francs ($9.93 billion) for 2013, preventing it from paying shareholders a dividend. The Zurich-based central bank said valuation losses of CHF15 billion on gold ...
| It could be time to roll the dice on MGM The Globe and Mail |
Investors are doubling down on casino operator MGM Resorts International as part of a larger bet on a recovery in the global gambling market. Shares in MGM, one of the world's largest gambling and hospitality companies, have climbed 17 per cent over the ...
| Central Banks Split on Stimulus in 2014 as Fed Tapers Bloomberg |
Janet Yellen, vice chairman of the U.S. Federal Reserve, right, and Ben S. Bernanke, chairman of the U.S. Federal Reserve, attend an open meeting of the Board of Governors of the Federal Reserve in Washington, on Dec. 10, 2013. Close. Photographer: ...
| Private equity firm buys Haverhill pasta maker Boston Globe |
A Connecticut private equity firm, Brynwood Partners, has acquired Joseph's Pasta Co., a 23-year-old Haverhill company that makes frozen pasta and sauces. Brynwood Partners, of Greenwich, Conn., purchased Joseph's through an investment fund from ...
| Wall St. dips for third straight day after mixed data Reuters |
NEW YORK (Reuters) - U.S. stocks slipped on Monday after a mixed batch of economic reports, which showed a slowdown in growth in the U.S. services sector and a rebound in new orders for factory goods. Two measures of activity in the services sector ...
| Pot Prices Double as Colorado Retailers Roll Out Green Carpet Businessweek |
A worker weighs out marijuana for prepackaged sales in Edgewater, Colorado on Jan. 1, 2014. Photographer: Seth McConnell/The Denver Post via Getty Images. At Medicine Man Denver, a shop that began selling marijuana for recreational use last week, ...
| Obamacare Medicaid Split Creates Two Americas for Poor Bloomberg |
An affordable health coverage sign stands as a man peeks in a window from outside a... Read More. An affordable health coverage sign stands as a man peeks in a window from outside a Montgomery County Department of Health and Human Services ...
| Singapore Airlines Flight Diverts to Baku Wall Street Journal |
SINGAPORE--A Singapore Airlines Ltd. (C6L.SG) Airbus A380 flying from London to Singapore was diverted to Baku in Azerbaijan on Monday after a loss of cabin pressure, the airline said. "Oxygen masks were deployed and the aircraft landed uneventfully at ...
| Asian Stocks Fall Most in Three Weeks on China Services Bloomberg |
Asian stocks fell, with the regional benchmark index headed for its biggest loss in more than three weeks, as a gauge of China's services industries dropped and Japanese shares slumped on a stronger yen. SoftBank Corp., a Japanese mobile-phone ...
| Churning between Medicaid and exchanges could leave gaps in coverage ... Washington Post |
While government officials have spent months scrambling to fix the federal health-care law's botched rollout, another issue is looming that could create new headaches for states, health plans — and patients. In 2014, millions of people are expected to shift ...
| XPO Logistics Agrees to Buy Pacer Wall Street Journal |
XPO Logistics Inc. said it agreed to acquire Pacer International Inc. in a deal valued at $335 million. The acquisition would make XPO Logistics, a fast-growing transportation-services company based in Greenwich, Conn., one of the top providers of intermodal ...
| US Senate poised to confirm Janet Yellen as Fed chair Reuters |
WASHINGTON Jan 6 (Reuters) - The U.S. Senate, kicking off its 2014 session on Monday, intends to waste no time making history as it moves to approve Janet Yellen to be the first woman to head the Federal Reserve. A Senate vote is set for 5:30 p.m. (2230 ...
| Liberty Media unveils Sirius plan MarketWatch |
Liberty Media Corp. unveiled a proposal to make satellite-radio provider Sirius XM Holdings Inc. a wholly owned subsidiary, a move that would give the media-investment company access to a new source of capital as it pursues a big cable merger.
| London is top city for real estate investing; US safest country Reuters |
Jan 6 (Reuters) - London ranks as the top city for foreign real estate investment opportunity, beating out last year's winner, New York, according to a survey released on Monday by the Association of Foreign Investors in Real Estate. The survey found that San ...
| Google, other big companies to pay to use San Francisco bus stops Reuters Canada |
By Sarah McBride. SAN FRANCISCO (Reuters) - Google Inc and other big technology companies that rely on private commuter buses to ferry workers around will now pay the city of San Francisco fees to use city bus stops, the city announced at a news ...
| ObamaCare personal horror story Fox News |
YOU HEARD THE PROMISE MANY TIMES, IF YOU LIKE YOUR HEALTH CARE PLAN, YOU CAN KEEP IT. THAT HAS TURNED OUT NOT TO BE TRUE, ESPECIALLY FOR PEOPLE WHOSE COSTS HAVE TRIPLED. OUR NEXT GUESTS OWN A SMALL ...
| Army corps expected to release options for preventing Asian carp from attacking ... Calgary Herald |
TRAVERSE CITY, Mich. - The U.S. Army Corps of Engineers is scheduled to release a long-anticipated study Monday listing options for shielding the Great Lakes from an attack by ravenous Asian carp. The corps has spent years examining ways to block ...
| Washington must not settle for secular stagnation Financial Times |
We may, as I argued last month in the Financial Times, be in a period of "secular stagnation" in which sluggish growth and output, and employment levels well below potential, might coincide for some time to come with problematically low real interest rates.
| Former SAC manager resolute as trial poised to start Financial Times |
When prosecutors open their trial this week against Mathew Martoma, a former SAC Capital portfolio manager accused of insider trading, the invisible presence in the courtroom will be Steven Cohen. Mr Cohen, founder of SAC, has not been accused of ...
| Storms delays federal trial over bank deal with city of Detroit Detroit Free Press |
A trial over the fate of the city of Detroit's proposed deal with two banks to settle a 2005 financial bet will be delayed after a snowstorm pummeled the state. The trial was in the midst of closing arguments when it adjourned Friday for the weekend. A spokesman ...
| IT spending to grow 3.1 percent in 2014, says Gartner ZDNet |
Summary: That forecast is more conservative than the outlook provided by Forrester Research. Enterprise software is expected to be a hot market. Larry Dignan. By Larry Dignan for Between the Lines | January 6, 2014 -- 07:15 GMT (23:15 PST). Follow @ ...
| In Sao Paulo, Organic Markets Are Beginning To Take Off NET Website |
In the biggest city in Latin America, the pickings are pretty slim for local, organic food: The city has just 20 organic farmers' markets. But many Brazilian farmers rely heavily on pesticides, and health-conscious consumers are starting to seek alternatives. by:.
| Twitter Inc (TWTR) May Hold The Key To Unmasking Time Travelers ValueWalk |
Twitter Inc (NYSE:TWTR) and other social media platforms could provide a way for researchers to prove that people really are time traveling. At least, that's what they're hoping. People have been intrigued by the idea of time travel for more than a century, ...
| Ringing in 2014 with record-breaking pump prices WFXL FOX 31 |
New Year's Day marked the fourth consecutive year of record-breaking gas prices. The national average price for a gallon of regular gasoline was $3.32 on January 1, the highest price on record. However, 2013's annual average price for a gallon of gas was ...
| Today's Dow Jones Industrial Average DJIA, Nasdaq, S&P 500 stock market ... Learning and Finance |
Stock composite trend-lines during the opening trading sessions of 2014 looked very little like the trends of 2013. Stock market momentum was great in 2013 as the primary U.S. composites posted gains of over 25 percent during the recent calendar year.
| S&P 500 starts 2014 with a two-day decline Trinidad Guardian |
NEW YORK—After last year's big party in the stock market, 2014 is starting off with a nagging hangover. The Standard & Poor's 500 index edged a fraction of a point lower on Friday, beginning a year with a two-day losing streak for the first time since 2005.
| 3 Numbers to Watch: UK services PMI, EU confidence, US ISM index TradingFloor.com |
A blur of purchasing managers' indices (PMIs) will colour sentiment today, including the first look at the UK Services PMI for December. Later, we'll see reports on the EU Sentix Investor Confidence Index and the ISM Non-Manufacturing Index for the US.