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| 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.
| 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 ...
| 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 ...
| Audit Recommends Ending Media Lockups for US Jobless Claims Businessweek |
The Labor Department's Office of Inspector General has recommended changes to the way it releases weekly jobless claims data after an audit found the system couldn't ensure fair access to market-moving numbers. The inspector general's finding released ...
| 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 ...
| 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 ...
| Macau Casinos Hit Jackpot With $45B Revenue ABC News |
The tiny Chinese city of Macau has again smashed its annual record for casino earnings as revenues last year hit a staggering $45 billion, further underlining its outsize position as the world's biggest gambling market. Gambling regulator data released ...
| At Spirit on Lake, older members of Minneapolis' gay community find a lasting ... Fox News |
MINNEAPOLIS – A new apartment complex in Minneapolis is providing a place to call home for a group of people who often struggle to find one: older, low-income gays and lesbians. Spirit on Lake opened in September and is fully occupied. It's only the ...
| Singapore Economy Shrank Last Quarter as Manufacturing Faltered San Francisco Chronicle |
Jan. 2 (Bloomberg) -- Singapore's economy shrank for the first time in five quarters after its manufacturing and services industries weakened, a contraction that may be short-lived as the global recovery strengthens. Gross domestic product fell an annualized ...
| 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 ...
| S&P 500 Drops From Record as Treasuries, Gold Gain; Oil Tumbles San Francisco Chronicle |
Jan. 2 (Bloomberg) -- U.S. stocks fell, with the Standard & Poor's 500 Index starting the year lower for the first time since 2008, as investors sold shares after the best annual gain in 16 years. Treasuries and gold climbed, while crude oil slid. The S&P 500 ...
| 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 ...
| RECALLS THIS WEEK: Card Tables, Car Seat Adapters, and Other Product ... HNN Huntingtonnews.net |
Walmart is recalling Mainstays five-piece card table and chair sets sold exclusively at Walmart stores nationwide from May 2013 to November 2013.The chairs can collapse unexpectedly, posing a fall hazard. This recall involves the Mainstays card table sets ...
| 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 ...
| Sticky sticker shock: High prices accompany legal marijuana in Colorado NBCNews.com |
By Erik Ortiz, Staff Writer, NBC News. The high times in Colorado are coming with high costs for cannabis consumers. Hemp hunters who waited for hours early Wednesday to be among the first to legally purchase marijuana from state retailers found sticker ...
| Emerging markets: Cheap but risky investment USA TODAY |
You should always leave the New Year's party before you start an argument with a ficus, and it's certainly best to leave before you lose the fight. Similarly, it's best to come to some investments early and leave them early, which brings us to emerging markets ...
| Global stocks fall after massive run in 2013, oil off on Libya Reuters |
NEW YORK (Reuters) - World equity markets kicked off 2014 with a whimper on Thursday as slightly disappointing Chinese manufacturing data triggered some profit-taking, and oil prices were lower as Libya prepared to reopen a major oilfield. Top U.S. stock ...
| Samsung's Lee Urges Shift Beyond Hardware in Apple Battle Bloomberg |
Samsung Electronics Co. (005930) Chairman Lee Kun Hee urged workers to adopt new ways of thinking and move beyond their focus on hardware as the world's biggest maker of smartphones and televisions seeks to maintain growth. "We have to change ...
| Shell Boosts its Leadership in Global LNG With the Completion of Repsol SA ... Wall Street Journal |
Royal Dutch Shell plc ("Shell") (NYSE: RDS.A) (NYSE: RDS.B) today announces the successful completion of the acquisition of Repsol S.A.'s ("Repsol") liquefied natural gas (LNG) portfolio outside North America for a headline cash consideration of $4.1 ...
| 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 ...
| 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.
| New year may mean new challenges, too, for health care law NBCNews.com |
Howard Kraft stands in his Lincolnton, N.C., home on Monday. A painful spinal problem left him unable to work as a hotel bellman. But he's got health coverage because federal law now forbids insurers from turning away people with health problems.
| Drone test sites spell opportunity for companies The Seattle Times |
The University of Alaska was one of six sites that won FAA approval for a drone test site. The university will coordinate testing on ranges in Oregon, Hawaii and Alaska. By GOSIA WOZNIACKA. The Associated Press ...
| 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 ...
| 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 ...
| Qualified Mortgages: How Will QMs Affect This Year's Real Estate Market? La Jolla Light |
In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in order to prevent a recurrence of the 2008 housing and financial crisis. Included in the act are the most significant regulations to the U.S. financial system since ...
| 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 ...
| 3 Natural Gas Transport Trends You Need to Watch in 2014 DailyFinance |
Whether you've made or lost a fortune on natural gas investments, this fuel's future is still an open book. One of the biggest question marks for natural gas investors is its use in transportation. With new technological advances, contracts, and ideas rolling in, ...
| Dogging The Markets: End-Of-Year Update [Johnson & Johnson, Chevron ... Seeking Alpha |
A year ago I started a comparison between the "Dogs of the Dow" portfolio and a portfolio of companies selected on the basis of my "PIC" criteria. Each portfolio contained 10 holdings which were to remain untouched for the year (although this becomes ...
| 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 ...
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