Business  Sci/Tech  U.S.  World  Entertainment  Sports   Health








Digests of BUSINESS news stories


Wednesday


  • June-19 -- Chrysler to Recall 2.7 Million Jeeps
    After a public disagreement that threatened to blow up into a larger battle, Chrysler said Tuesday that it agreed to recall 2.7 million Jeep vehicles that a government safety watchdog said could potentially erupt into fire if rear-ended.
    Clarence Ditlow, head of the center, an advocacy group, said it had preliminary data Monday night showing it was on the right track. More...

  • June-19 -- Google challenges US gag order, citing First Amendment
    "Greater transparency is needed, so today we have petitioned the Foreign Intelligence Surveillance Court to allow us to publish aggregate numbers of national security requests, including FISA disclosures, separately," Google said in a statement today.
    If the government determines that the nation's security requires wiretaps to track foreign terrorists, the Justice Department must obtain FISA court permission. More...

  • June-19 -- Stocks higher as Fed meeting starts
    NEW YORK--U.S. stocks rose for a second day Tuesday as the Federal Reserve began a two-day policy meeting to discuss whether the economy has grown strong enough for the central bank to draw down its stimulus measures.
    Read Market Extra on how stocks and other asset classes could react. More...

  • June-19 -- TREASURIES-US bond prices steady before Fed policy meeting
    NEW YORK--U.S. stocks rose for a second day Tuesday as the Federal Reserve began a two-day policy meeting to discuss whether the economy has grown strong enough for the central bank to draw down its stimulus measures.
    Yields spiked again in late 2010 and early 2011, rising to 3.74 percent from 2.38 percent. More...

  • June-19 -- Consumer Prices Make Small Gains in May
    Outside the volatile food and gas categories, core prices rose 0.2 percent in May and 1.7 percent in the past 12 months, in line with the Federal Reserve's inflation target of 2 percent.
    A widely-followed index monitoring prices at the consumer level has indicated that inflation remains tame. More...

  • June-19 -- Despite Obstacles, Dan Loeb Keeps Pushing Sony
    TOKYO (Reuters) - New York-based hedge fund company Third Point said it had raised its stake in Japan's Sony Corp and asked for an opportunity to present its proposal to Sony's board for a partial spin-off of the company's entertainment unit.
    Sony shares are up 3.6% in Tokyo trading. More...

  • June-19 -- Deloitte to pay $10 million to settle misconduct accusations
    In the first case of a state taking on bank consultants, New York regulators have banned Deloitte Financial Advisory Services from financial consulting for one year.
    Deloitte will also pay the state of New York $10m (£6.4m) under the agreement. More...

  • June-19 -- Votorantim suspends $4.9bn Brazil IPO
    SAO PAULO (Reuters) - Votorantim Cimentos SA, Brazil's largest cement producer, and shareholders canceled a $4.8 billion initial public offering, a source with direct knowledge of the situation said on Tuesday, as market conditions worsened over the past few days.
    The Brazilian cement company will sell 400 million units in the offering, which represents one common share and two preferred shares, on both the Bovespa stock exchange in São Paulo and on the New York Stock Exchange. More...

  • June-19 -- Housing Starts in US Rose in May to 914000 Annual Rate
    WASHINGTON — U.S. home-builder confidence surged in June to its highest level in seven years as the housing market's recovery gains traction, an industry survey showed Monday.
    The index hasn't been that high since April 2006, just before the housing market collapsed. More...

  • June-19 -- Wake-up call: Starbucks to post calorie counts
    Starting next week, coffee retail giant Starbucks Corporation ( ]] ]] ) will start to post calorie counts on its menu board nationwide, ahead of a federal regulation that would require it to do so.
    "We are encouraged by the findings highlighted in the Stanford study that show posting calories can have a positive impact on an individual's daily caloric intake," Linda Mills, a spokeswoman for Starbucks, told the Wall Street Journal. More...

  • June-19 -- Stocks Rally As Wall Street Braces Itself For Bernanke ; Activists Target Sony ...
    Icahn is proposing the arrangement as an alternative to the company's plan to be taken private in a $13.65-a-share deal, outlined by founder Michael Dell and private-equity firm Silver Lake Management LLC in February.
    Icahn has Southeastern's full support as it leads the proxy fight in the interest of all shareholders against the undervalued management buyout proposal. More...

  • June-19 -- Number of Super Wealthy Reaches All-Time High
    North America remained the richest region with $12.7 trillion of high-net-worth assets, compared with $12 trillion in Asia-Pacific, according to the study.
    The World Wealth Report , released Tuesday, found the global population of millionaires reached record levels in 2012 growing by 9.2%, or 1 million people, to reach 12 million after remaining flat in 2011. More...

  • June-19 -- Boeing launches 787 Dreamliner stretch version at Paris Air Show
    U.S. Air Force arms sales to international buyers doubled over the past two years and further increases are likely, a senior Air Force official said at the Paris air show on Monday.
    Lufthansa could confirm an $11 billion order for over 100 Airbuses. More...

  • June-19 -- HP's Whitman Reassigns Bradley in Revamp Amid PC Slump
    Hewlett-Packard Co. ( HPQ : Quote ) announced Tuesday that Todd Bradley will step out of his role as executive vice president, Printing and Personal Systems or PPS, HP, to assume a new position at the company -- executive vice president, Strategic Growth Initiatives.
    Weisler came to HP from Lenovo and was an exec at Acer before that. More...

  • June-19 -- United Elite Levels: Dollars As Well As Miles Will Be Required
    United Continental Holdings Inc. ( UAL ), the world's largest airline, today joined Delta Air Lines Inc. ( DAL ) in setting spending criteria for its MileagePlus frequent flier program's elite levels, which grant passengers extra perks such as upgrades and shorter check-in lines.
    Opening up in a recent interview, United Continental Holdings Inc .' s (NYSE: UAL) CEO Jeff Smisek lamented problems associated with the 2010 merger between United and Continental. More...

  • June-19 -- Best Employers for Workers Over 50
    Which workplaces really work for Baby Boomers? The perks offered by the 50 companies on AARP’s list of best employers for boomers are enviable: telecommuting and flexible work schedules, retirement and health-care benefits, financial planning seminars.
    NIH, a four-time honoree in the Best Employers program, provides generous health benefits and a "Fit Plus Program" that strongly supports the needs of employees 50 and over who are beginning or maintaining a fitness program. More...

  • June-19 -- Duke Energy names insider to take over for Rogers
    Despite early speculation that Duke Energy Corp. would look outside for a new chief executive, the company announced this morning that Chief Financial Officer Lynn Good will replace CEO Jim Rogers on July 1.
    We knew Rogers would be leaving Duke. More...

  • June-19 -- Sprint sues Dish, Clearwire as key deadline looms
    Dish has offered to pay $4.40 per share for Clearwire, which has recommended that its shareholders approve the offer.
    Ex-SAC Capital Advisors portfolio manager Mathew Martoma and U.S. prosecutors reached an agreement with the University of Michigan giving them access to encrypted documents belonging to the government's star witness in Martoma's insider- trading case. More...

  • June-19 -- Carnival Triumph: Rested and ready
    The Triumph was towed to the Mobile Alabama Cruise Ship Terminal, where it was forced to remain through the completion of repairs," according to the lawsuit.
    Passengers are skeptical, too. More...

Tuesday


  • June-18 -- Wall St. rises in volatile session before Fed meeting
    U.S. stocks fell last week as investors speculated whether Fed Chairman Ben S. Bernanke will signal a reduction of stimulus efforts.
    "Although things are improving, we have a long way to go." More...

  • June-18 -- High Court Allows FTC to Challenge 'Pay-to-Delay' Generics
    Actavis, a generic drug-maker formerly known as Watson Pharmaceuticals, had entered into a pact with the maker of a drug now under the control of AbbVie Inc. /quotes/zigman/13067932 /quotes/nls/abbv ABBV to postpone a generic version of testosterone-replacement drug AndroGel.
    As part of a patent settlement, Solvay paid generic drugmakers tens of millions of dollars to wait to sell competitor products until 2015. More...

  • June-18 -- McDonald's Sued Over Debit Cards
    A former McDonald's worker in Pennsylvania is suing a franchiser owner saying she was required to receive her wages through a debit card that charged fees, resulting in some hourly employees receiving less than minimum wage.
    According to the lawsuit, the J.P. Morgan Chase payroll card charges numerous fees, including $1.50 for ATM withdrawals and $5 for over-the-counter cash withdrawals made inside the bank. More...

  • June-18 -- Former Microsoft manager wants to create 'Starbucks of Pot'
    At the May 30 news conference, Shively announced Diego's first corporate deal -- an arrangement with a Seattle medical marijuana company called the Northwest Patient Resource Center.
    Legal experts believe the way Shively is going about making deals with medical marijuana dispensaries could risk federal prosecution. More...

  • June-18 -- NY manufacturing up in June, but outlook not so good
    Conditions for New York manufacturers improved modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday, with the index of activity in the sector climbing into positive territory.
    NEW YORK (MarketWatch) Treasury prices traded off their session highs Monday as the Empire State index improved in June. More...

  • June-18 -- Just add items to create a portfolio now:
    "Monday Scouting Report" is sponsored by GE Capital.
    The Nasdaq (COMP) dropped 1.3%, making it the week's biggest loser among the three major indices. More...

  • June-18 -- Smithfield Aims To Stick With Sale After Shareholder Says Breakup Is Better
    Starboard Value LP, a large shareholder in Smithfield Foods Inc. ( SFD : Quote ), on Monday urged the pork producer to explore a breakup of the company instead of its planned takeover by Chinese meat company Shuanghui International Holdings Ltd. The activist hedge fund noted that a "piece-by-piece sale" of the Smithfield's businesses could result in greater value to the company's shareholders than its proposed merger with Shanghui.
    Smithfield Foods has agreed to be bought by Shuanghui International Holdings for about $4.72 billion. More...

  • June-18 -- Boeing Jets in Demand at Paris Air Show
    LE BOURGET, France — The world's biggest air show began with a huge order for the Airbus superjumbo, deals for Boeing's troubled Dreamliner, and a clap of thunder and lightning on Monday.
    Lufthansa could confirm an $11 billion order for over 100 Airbuses. More...

  • June-18 -- G-8 Says World Economic Prospects Still Weak
    "Global economic prospects remain weak, though downside risks have reduced thanks in part to significant policy actions taken in the U.S., euro area and Japan, and to the resilience of major developing and emerging market economies," the leaders said.
    Asian markets started the week on an upturn, following last week's dramatic selloff that saw Japan's Nikkei and the Philippines each down by 5% and 10%, respectively. More...

  • June-18 -- WRAPUP 3-Confidence of US homebuilders jumps as recovery deepens
    WASHINGTON — U.S. home-builder confidence surged in June to its highest level in seven years as the housing market's recovery gains traction, an industry survey showed Monday.
    Derived from a monthly survey that NAHB has been conducting for 25 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as "good," "fair" or "poor." More...

  • June-18 -- ObamaCare Countdown: Exchange Landscape Takes Shape
    WASHINGTON -- The cost of health coverage under Obamacare remains one the biggest mysteries of the nation's health care overhaul.
    You're less likely to go bankrupt because of medical bills not covered by insurance. More...

  • June-18 -- Get Your Passport To Celebrate Small Business Week
    August Brent crude on London's ICE Futures exchange rose $0.05 to $105.98 a barrel.
    On May 31, crude oil in New York settled at $91.97 a barrel, and there were thoughts the price might break below $90. More...

  • June-18 -- Oil Slips on Stimulus Outlook as WTI-Brent Gap at Two-Year Low
    August Brent crude on London's ICE Futures exchange rose $0.05 to $105.98 a barrel.
    Crude oil futures prices fell 0.44 per cent to Rs 5,638 per barrel today, as speculators trimmed their positions amid a weakening trend in the Asian trade on profit-booking. More...

  • June-18 -- New York Mayor Bloomberg Announces Food Composting Program
    You may think of him as the soda-banning, no-smoking-in-parks, please-ride-your-bike mayor of the Big Apple.
    "When New York makes composting part of everyday life, every other city will follow through. More...

  • June-18 -- US HOT STOCKS: Orchard Supply, Terex, Netflix, Amicus
    Orchard Supply Hardware is filing for Chapter 11 bankruptcy but already has a waiting rescuer - larger competitor Lowe's Companies Inc. Lowe's is offering to buy most of the San Jose company's assets for $205 million in cash - including at least 60 of its stores - and assume the payables owed to most of the smaller chain's suppliers.
    The addition of a California chain of hardware stores could be a model for how Lowe's Cos. More...

  • June-18 -- Johnson & Johnson Purchases Aragon Pharmaceuticals and Prostate Cancer ...
    Aragon Pharmaceuticals Inc.' s positive Phase II data with ARN-509 for castration-resistant prostate cancer (CRPC) was enough to lure Johnson & Johnson (J&J) to the table with an up-front cash payment of $650 million to take over the company, along with contingent money of up to $350 million, if unspecified milestones are reached.
    The company will retain members of the Aragon management team including, Richard Heyman, current chief executive officer of Aragon, who will become Seragon's CEO. Johnson & Johnson will not have an ownership stake in the new company and will not retain any rights to these products or programs. More...

  • June-18 -- Bank of America Paid Bonuses to Foreclose: Lawsuit
    Six former Bank of America Corp employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents.
    Bank of America instructed employees to delay applications and mislead customers "as part of a deliberate practice of stringing homeowners along," lawyers said in a June 7 filing. More...

  • June-18 -- Gold Slightly Lower Ahead of Fed Meeting
    NEW YORK/LONDON: Gold fell around 0.5 per cent in quiet trade on Monday as a Wall Street rally reduced the need for safe-haven buying and investors awaited this week's US Federal Reserve meeting for signals on the central bank's monetary stimulus plan.
    The most active gold contract for August delivery dropped 4.5 dollars, or 0.32 percent, to settle at 1,383.1 dollars per ounce. More...

  • June-18 -- Telefónica shares rise on talk of AT&T bid
    Deals of the Day compiles this morning's biggest news about mergers and acquisitions, banking, bankruptcy and more.
    The company is also one of the top two telecom operators in Latin America, where it has fought for dominance with Mexico's America Movil SAB de CV (AMX, AMX.MX). More...

  • June-18 -- California Home Prices Up Most in 33 Years, Realtors Say
    Home sales were up 18 percent across the state last month, compared to May of last year.
    Now, foreclosed properties are "not a factor anymore," La Costa said, estimating that the number of real-estate-owned properties being sold by banks amounts to less than 5 percent of the homes on the market. More...

Monday


  • June-17 -- Higher food and gas costs push up US wholesale prices 0.5 pct. in May; core ...
    U.S. producer prices rose more than expected in May as gasoline prices rebounded, but underlying inflation pressures remained muted, which could argue against an early scaling back of monetary stimulus by the Federal Reserve.
    Compared with a year ago, wholesale prices for finished goods were up 1.7 percent. More...

  • June-17 -- San Francisco gas leak prompts evacuations, snarls traffic
    A construction crew apparently struck a six-inch gas main in the area, Guidi said.
    More...

  • June-17 -- Many economists see Fed cutting bond buying by fall
    Stock investors eager to hear from the Federal Reserve about its plans for continuing economic stimulus may get some soothing words from the U.S. central bank this week.
    Following each FOMC meeting, there is a short one-page media release highlighting important decisions the Fed has made during the meeting. More...

  • June-17 -- Boeing Loyalists' Patience Tested as Airbus Wide-Body Takes Off
    With hundreds of cheering supporters looking on, some of whom arrived early to get a prime spot under a patchy sky, the plane took off at 0800 GMT from the airport near Toulouse for a flight due to last four hours.
    French transport sources said on Monday preparations had been marred by an air traffic controllers' strike that forced Airbus to delay the historic flight to Friday. More...

  • June-17 -- Treasuries End Longest Losing Streak in 4 Years as Fed Bets Ebb
    Fed to buy $1.25 billion to $1.75 billion in Treasuries By Richard Leong NEW YORK, June 14 (Reuters) - U.S. government debt prices rose on Friday as traders bought bonds on the view the Federal Reserve would stick to its near-zero interest rate policy for a protracted period to help the economy even if it were to reduce its bond purchases this year.
    Let's look for alternatives. More...

  • June-17 -- UPDATE 1-Brookfield to sell assets to Weyerhaeuser, KapStone for $3.68 bln
    Shipping magnate Paul Soros, the older brother of billionaire financier George Soros, died in New York City on Saturday "after a long bout with a host of illnesses," his son Peter Soros ]] Peter Soros confirmed.
    Brookfield said it expects to have cash proceeds of $600 million from the Longview Timber sale, after repayment of debt and distributions to private investors, while Brookfield Infrastructure would have net cash proceeds of about $470 million. More...

  • June-17 -- Paul Soros, shipping titan and older brother to George Soros, dies at 87
    NEW YORK -- Paul Soros, a successful innovator in shipping, philanthropist and the older brother of billionaire financier George Soros, died in New York City on Saturday after a long bout with a host of illnesses, said his son Peter Soros.
    The businessman did not share his younger brother's political activism, though he considered himself a progressive, Peter Soros said. More...

  • June-17 -- Will the Stock Market Party On? It's All Up to the Fed.
    Camilla Sutton, chief currency strategist at Scotiabank in Toronto, summed up the situation in an interview with Reuters.
    More...

  • June-17 -- IMF's Lagarde: Didn't Break Any Rules on Greece
    "Despite the slowdown in growth rates over the past few years, spending on major health-care programs and Social Security, absent additional reforms, is expected to increase by two per centage points over the next decade."
    The U.S. economy is on sounder footing than it was a year ago but is still being restrained by government spending cuts and tax increases, the International Monetary Fund said Friday. More...

  • June-17 -- NY offering check booklets for farmers' markets
    New York Operates the Largest Such Program in the Nation.
    New York State Health Commissioner, Nirav R. Shah M.D., M.P.H. said, "The foods provided through WIC are an important source of nutrients, which are often missing from the diets of women and young children. More...

  • June-17 -- Passings: Iain Banks, David Jin, Dwight Opperman
    LAS VEGAS, June 14, 2013 -- /PRNewswire/ -- Las Vegas businessman, David Jin, visionary and developer of the Grand Canyon Skywalk, passed away peacefully in Los Angeles last night after a four-year battle with cancer.
    An attorney for the development company said Jin's family will continue to pursue Skywalk legal rights. More...

  • June-17 -- US STOCKS-Wall St slides in volatile week, eyes on the Fed
    At the close of U.S. trading, the Dow Jones Industrial Average finished down 0.70%, the S&P 500 index ended down 0.59% as well, while the Nasdaq Composite index fell 0.63%.
    Next week's meeting of the Federal Reserve's policy-setting committee, set to culminate in a press conference with Fed Chairman Ben Bernanke Wednesday, kept buyers at bay, investors and traders said. More...

  • June-17 -- Oil industry shakes off April cold to set another record
    As of Friday, 184 rigs were actively working in the state.
    As thousands of people are pouring into the state because of an abundance of jobs, the prairie is increasingly fragmented by wells, pipelines, and other oil operations. More...

  • June-17 -- Wheat industry will survive Oregon's genetically engineered strain
    Last month, Monsanto won a U.S. Supreme Court case in which the court found that a farmer infringed upon Monsanto's patent for Roundup Ready soybeans.
    Monsanto is assisting in the investigation, USDA said. More...

  • June-17 -- Groupon Surges as Mobile App Seen Boosting Coupon Use
    Aided by a surge in sales to mobile users, revenue will surge 53 percent to $3.56 billion in 2015 from $2.33 billion last year, Sandler estimated.
    More...

  • June-17 -- US factory output rise just 0.1 percent in May
    The gains in manufacturing and mining were offset by a decrease of 1.8 percent in the output of utilities.
    Build 9: 31 ms (Content).Completed macro ody_bottom_caro_five.Parsing macro ody_bottom_caro_six.Completed macro ody_bottom_caro_six.Build 9: 47 ms (Content).Build 0: 15 ms (Misc).Build 9: 16 ms (Content).Completed macro ody_conveyor.Parsing macro ody_inteltxtwrapper.Build 9: 0 ms (Content).Completed macro ody_inteltxtwrapper.Parsing macro ody_footer_chartbeat.Parsing macro ody_fireflymodal. More...

  • June-17 -- ExxonMobil faces federal lawsuit over Arkansas oil spill
    Investor attention now turns to next week's two-day Federal Open Market Committee meeting, which ends Wednesday.
    We need enough economic growth to happen before people can start considering it as an industrial metal." More...

  • June-17 -- Silver Faithful Taking $5 Billion Hit in Crossfire: Commodities
    Investor attention now turns to next week's two-day Federal Open Market Committee meeting, which ends Wednesday.
    With U.S. non-farm payrolls coming in at a solid +175k, gold and silver prices are set to take another leg lower as a complete absence of additional quantitative easing removes the need to buy gold as a hedge against further easing of U.S. monetary policy. More...

  • June-17 -- Analyst: Chrysler pension freeze consistent with nationwide trend
    "We recognize the importance employees place on retirement benefits," said Nancy Rae, human resources senior vice president, in a statement.
    The change, which will impact about 8,000 employees, comes after General Motors Co. made a similar move last year, followed by offering pension buyouts to salaried retirees. More...

  • June-17 -- After five infants die in recliner, maker settles with feds
    Four infants died in Nap Nanny Generation Two recliners and a fifth death involved in the Chill model, the commission said.
    Washington (CNN) -- The deaths of five infants and dozens of injuries or falls have led federal regulators to stop the sales of a popular baby recliner. More...

Sunday


  • June-16 -- US Wholesale Prices Rise More Than Forecast on Fuel, Food
    U.S. producer prices rose more than expected in May as gasoline prices rebounded, but underlying inflation pressures remained muted, which could argue against an early scaling back of monetary stimulus by the Federal Reserve.
    The price moderation of the PPI began in September 2011 when the year-over-year inflation was 7.0%. More...

  • June-16 -- UPDATE 1-Chrysler to freeze US salaried pension plans by Dec. 31
    General Motors made a similar move last year when it froze traditional pension benefits for 19,000 salaried workers hired before 2001.
    The company also lowered the qualifying age for full accrued retirement benefits to 58 from 62 for employees in DB plans retiring on or after Jan. 1. More...

  • June-16 -- GLOBAL MARKETS-Stimulus fears, data hit shares; yen extends gains
    Investors pulled a record $4.8 billion from U.S. high-yield bond funds last week and $850 million from investment-grade funds, the first weekly redemption since December, according to a Bank of America Corp. report.
    The yield on 10-year Treasury notes rose one basis point to 2.20 percent before an auction today. More...

  • June-16 -- Friday's movers: Groupon rallies 12% on upgrade
    NEW YORK (AP) -- Shares of Groupon Inc. got a boost Friday after a Deutsche Bank analyst upgraded the online deals company, saying it is likely to grow in the coming months as it works to personalize deals to existing customers and attracts new ones through its mobile app and website.
    Meanwhile the company's expense in marketing fell by 31 percent. More...

  • June-16 -- Can The World Afford Higher Interest Rates?
    Fed to buy $1.25 billion to $1.75 billion in Treasuries By Richard Leong NEW YORK, June 14 (Reuters) - U.S. government debt prices rose on Friday as traders bought bonds on the view the Federal Reserve would stick to its near-zero interest rate policy for a protracted period to help the economy even if it were to reduce its bond purchases this year.
    The logical next step in a globally competitive devaluation race was obviously a form of Quantitative Easing by Japan. More...

  • June-16 -- Boeing Loyalists' Patience Tested as Airbus Wide-Body Takes Off
    With hundreds of cheering supporters looking on, some of whom arrived early to get a prime spot under a patchy sky, the plane took off at 0800 GMT from the airport near Toulouse for a flight due to last four hours.
    Airbus's new A350 plane has glided smoothly through its maiden flight, leaving company executives relieved and brimming with confidence for the battle with Boeing that lies ahead. More...

  • June-16 -- Plane diverted to Glasgow Prestwick Airport after fire note
    An Egyptair plane from Cairo to New York has landed at Glasgow Prestwick Airport after being diverted.
    The plane has been moved to an isolated part of the airport, away from the passenger terminal. More...

  • June-16 -- Deputy governor Paul Tucker to leave Bank of England
    Mr Tucker, 55, was in the running to replace Sir Mervyn King but was beaten to the role of Governor by Canadian Mark Carney.
    The BOE said in a statement that the date of Mr. Tucker's departure has yet to be decided but is likely to be in the autumn. More...

  • June-16 -- IMF to US: Cut out the "ill-designed" budget cuts
    "Despite the slowdown in growth rates over the past few years, spending on major health-care programs and Social Security, absent additional reforms, is expected to increase by two per centage points over the next decade."
    The Fund urged the U.S. Federal Reserve to continue stimulating the economy by buying Treasuries and mortgage-backed securities, at least until the end of the year. More...

  • June-16 -- Is it a waste of time, resources to keep voting against Obamacare, David Kolb ...
    Requirements that medium-sized and large employers offer insurance coverage or face fines are one of the most complicated parts of President Barack Obama's health care law.
    In order for the left to impose socialist healthcare on America, they must first destroy the health insurance industry. More...

  • June-16 -- EURO GOVT-Euro zone bonds rally on view Fed exit may take time
    Hotel occupancy, average daily rates, and revenue per room showed strong increases across the District from the same period last year.
    The dollar is surging, and the attached chart from me shows that implied volatility term structure on bonds hasn't even flattened to new YTD highs. More...

  • June-16 -- NYT Enjoying the Bay Bridge Bolt Debacle
    State transportation officials must decide by July 10 whether they can meet the scheduled Labor Day weekend opening for the new eastern span of the San Francisco-Oakland Bay Bridge.
    That was the wind shaking the truck itself, not the bridge. More...

  • June-16 -- Caterpillar drops Boy Scout support over gay ban
    The Boy Scouts of America's halfway ban on openly gay members -- permitting gay youth, but forbidding openly gay or lesbian adults from serving as scouts or volunteers -- wasn't enough to keep former corporate supporter Caterpillar on board.
    PEORIA - Caterpillar says it's cutting ties with the Boys Scouts of America. More...

  • June-16 -- USDA: Modified wheat discovered in Oregon field appears to be isolated
    The plants, modified to be resistant to Monsanto herbicide, were discovered last month and led some Asian importers to halt or suspend trade with U.S. wheat growers while an investigation was launched.
    The last field trial in Oregon was in 2001. More...

  • June-16 -- UPDATE 1-Market headwinds raise stakes for Abe's Japan revival plan
    Growth in the first quarter accelerated to an annualized rate of 4.1 percent, outpacing U.S. growth, and there is evidence that exports and output are also improving.
    Japanese equity futures rallied, after the Nikkei 225 Stock Average entered a bear market, as U.S. shares halted a global slide amid better-than-forecast economic data and growing speculation the Federal Reserve will signal plans to maintain record-low interest rates. More...

  • June-16 -- Exxon CEO says delays in gas export permits hurt US
    The U.S. Energy Secretary says he will move "expeditiously" to review about 20 applications to export liquefied natural gas and will make decisions by year's end.
    Mr. Moniz has been on the job less than a month. More...

  • June-16 -- Corbett: Pennsylvania's shale-gas boom attracting the attention of foreign ...
    HARRISBURG, Pa., June 14 (UPI) -- The natural gas industry in Pennsylvania has generated more than $1.8 billion in tax revenue in the last seven years, the Marcellus Shale Coalition said.
    "There's a Rebirth of Manufacturing in the U.S." : The U.S. petrochemical industry, in trouble just a few years ago, is making a spectacular comeback thanks to the boom in shale gas. More...

  • June-16 -- Gold, Silver End Higher on US Inflation Data, Weaker Stocks
    Suddenly, investors were talking about inflation on the day and the safe haven appeal of gold was coming back, according to market analysts, as climbing wholesale prices in May increased the appeal of the precious metal as a hedge against inflation.
    Wholesale gold bullion prices continued to hover near $1,380 an ounce Friday, while silver traded either side of $21.80 an ounce and stocks and commodities ticked higher, regaining some of the ground lost this week. More...

  • June-16 -- UPDATE 2-Smithfield profit plunges after China blocks imports
    Smithfield Foods Inc. (NYSE:SFD), the world's largest pork producer by sales volume, has agreed to be acquired by Shuanghui International Holdings, a privately owned meat processing company headquartered in China, for $7.1 billion including debt, valuing the company's equity at $34 per share.
    The $4.7 billion offer has raised some nationalistic concerns, as the Committee on Foreign Investment in the U.S. will have to approve the merger, but Smithfield CEO Larry Pope said last month when the deal was announced that it believes the deal won't have an effect on the company's operations. More...

  • June-16 -- Crude Oil Falls in Asian Trade, Brent Stays Under $105/Bbl
    Nymex July crude was down 56 cents, or 0.58%, at $95.32 a barrel.
    I think one reason is that it is our unstated policy, set in Washington, that fossil fuel use should not be encouraged. More...





Saturday


  • June-15 -- IMF Wades Into Fed Exit Debate, Urges No Change Through 2013
    "Despite the slowdown in growth rates over the past few years, spending on major health-care programs and Social Security, absent additional reforms, is expected to increase by two percentage points over the next decade."
    Portugal's economy is struggling with imposed austerity--including tax increases, wage cuts, and cuts in the health and education sectors--and healthy growth is nowhere in sight. More...

  • June-15 -- Wall St. ends lower for day and week on stimulus worries
    Posted June 12, 2013, at 5:54 p.m. NEW YORK -- U.S. stocks fell on Wednesday, with the Dow sliding more than 100 points on another volatile day as traders extended a selloff driven by concern about central banks winding down their stimulus measures.
    The stock surged 41.1 percent to $34.66 after India's Apollo Tyres agreed to buy the second-biggest U.S. tire maker for about $2.5 billion. More...

  • June-15 -- Wholesale prices rise on gas, food costs
    WASHINGTON, June 14 (Reuters) - U.S. producer prices rose more than expected in May as gasoline prices rebounded, but underlying inflation pressures remained muted, which could argue against an early scaling back of monetary stimulus by the Federal Reserve.
    Build 9: 0 ms (Content).Completed macro ody_ArticleAfterOpaAd.Build 9: 62 ms (Content).Completed macro ody_ArticleContentWrap.Parsing macro ody_article1.Parsing macro ody_nationalsportsmodule. More...

  • June-15 -- Auto Industry Says It Supports Detroit on Brink of Bankruptcy
    Build 16: 31 ms (NewsList).Completed macro ody_bottom_caro_eight.Build 9: 453 ms (Content).Build 9: 0 ms (Content).Completed macro ody_conveyor.Parsing macro c4_inteltxt.Build 9: 16 ms (Content).Completed macro c4_inteltxt.Parsing macro ody_footer.Parsing macro ody_analytics.
    Build 16: 344 ms (NewsList).Completed macro ody_bottom_caro_one.Parsing macro ody_bottom_caro_two.Completed macro ody_bottom_caro_two.Parsing macro ody_bottom_caro_four. More...

  • June-15 -- Industrial Output in US Unchanged as Utility Use Drops
    Utility output, which is heavily influenced by the weather, fell 1.8 percent after a 3.2 percent April drop. Mining output rose 0.7 percent after a 1.1 percent increase in April.
    The Federal Reserve said Friday that factory production rose just 0.1 percent in May from April. More...

  • June-15 -- Consumer Sentiment in US Fell in June From Six-Year High (2)
    The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment fell to 82.7 in June, below a near six-year high of 84.5 in May.
    Confidence eroded most among lower-income households, which were "more likely to report worsening overall financial prospects" than higher-income households, survey director Richard Curtin said in a statement. More...

  • June-15 -- Lululemon's fake CEO job posting gets 160 applications
    News of a departing Chief Executive Officer is rarely received well by the market, and in the case of a company already on the heels of a product recall, it gets even worse.
    Day, a former Starbucks executive, was behind the Vancouver-based company's extraordinary growth over the last half decade, turning a niche retailer into a high-profile international brand with big ambitions. More...

  • June-15 -- Boston woman pays $560000 for 2 parking spots
    A pair of adjacent parking spots in Boston's classic Back Bay neighborhood were sold at auction for $560,000, according to The Boston Globe.
    Two tandem parking spaces behind a building on Commonwealth Avenue, all asphalt with an alley view. More...

  • June-15 -- Oil Jumps to Four-Month High as Concerns Over Syria Escalate
    Nymex July crude was down 56 cents, or 0.58%, at $95.32 a barrel.
    Global stock markets fell for a third day on Thursday and the U.S. dollar hit a 10-week low against the yen as investors unwound bets linked to central bank stimulus measures that have buoyed many asset markets. More...

  • June-15 -- JPMorgan Chase to spin off its private equity arm
    The move, which affects 8,000 current workers but does not affect retired workers or hourly employees, comes about a decade after Chrysler stopped offering pensions to new employees.
    Build 9: 1844 ms (Content).Completed macro ody_article2.Build 9: 573088 ms (Content).Build 9: 469 ms (Content).Completed macro c4_arttemplate.Parsing macro ody_emailmodalcontentwrapper.Build 9: 3172 ms (Content).Completed macro ody_emailmodalcontentwrapper.Parsing macro ody_conveyor.Parsing macro ody_bottom_caro_one. More...

  • June-15 -- Walter Drops After Forbes Says $1.55 Billion Loan Canceled
    The move, which affects 8,000 current workers but does not affect retired workers or hourly employees, comes about a decade after Chrysler stopped offering pensions to new employees.
    Build 9: 1844 ms (Content).Completed macro ody_article2.Build 9: 573088 ms (Content).Build 9: 469 ms (Content).Completed macro c4_arttemplate.Parsing macro ody_emailmodalcontentwrapper.Build 9: 3172 ms (Content).Completed macro ody_emailmodalcontentwrapper.Parsing macro ody_conveyor.Parsing macro ody_bottom_caro_one. More...

  • June-15 -- Chrysler Group to freeze US pension plan for roughly 8000 salaried employees ...
    The move, which affects 8,000 current workers but does not affect retired workers or hourly employees, comes about a decade after Chrysler stopped offering pensions to new employees.
    Build 9: 1844 ms (Content).Completed macro ody_article2.Build 9: 573088 ms (Content).Build 9: 469 ms (Content).Completed macro c4_arttemplate.Parsing macro ody_emailmodalcontentwrapper.Build 9: 3172 ms (Content).Completed macro ody_emailmodalcontentwrapper.Parsing macro ody_conveyor.Parsing macro ody_bottom_caro_one. More...

  • June-15 -- Grassley takes 'measured approach' in reaching opinion on Smithfield Foods
    Packaged pork and meat products maker Smithfield Foods, Inc. ( SFD : Quote ), which is being acquired by Chinese pork giant Shuanghui International Holdings Ltd., reported Thursday a profit for the fourth quarter that plunged from last year, hurt by lower operating margins amid higher costs.
    Earnings per share declined 57 percent from a year ago when the company earned $0.49 per share in the fourth quarter. More...

  • June-15 -- Cause of Chino Airport hangar accident investigated
    CHINO, Calif. (KTLA) A small passenger jet crashed into a hangar at the Chino Airport Thursday, sending workers running for cover.
    The plane was on chocks for an engine run-up test when the Bombadier Challenger came off the chocks, traveled about 100 yards and into Encore Jet Center at the airport, said Ian Gregor, a spokesman for the Federal Aviation Administration. More...

  • June-15 -- Market News: Restoration Hardware, Casey's, Smith & Wesson, Cempra
    Having said that, even the murders of kids in Newtown, Connecticut, last year couldn't prompt the U.S. Senate to back tighter gun laws.
    Smith & Wesson ended the fiscal year with a cash balance of $100.5 million. More...

  • June-15 -- Hill Dems trying SNAP challenge
    More than two dozen members of Congress are eating on a budget of $4.50 a day this week, taking the SNAP challenge to live on the average budget of a food stamp recipient.
    Disaster SNAP benefits will be provided to families based on total income and assets available to a household during the flood. More...

  • June-15 -- UPDATE 4-Air rivalry intensifies as Airbus A350 makes first flight
    With hundreds of cheering supporters looking on, some of whom arrived early to get a prime spot under a patchy sky, the plane took off at 0800 GMT from the airport near Toulouse for a flight due to last four hours.
    French co-pilot Guy Magrin, a former air force pilot, took the controls for the take-off at 10:01 local time (0801 GMT). More...

  • June-15 -- Postal Service to boost spending on sustainable products
    Much to the relief of Issa's foes, the bill went nowhere.
    Under the current system (in place since the 2006 Postal Accountability and Enhancement Act), the agency is required to make a set of massive fixed payments each year. More...

  • June-15 -- EQUITIES FEATURE: Patience Could Be a Virtue As Volatility Returns To Stock ...
    Hotel occupancy, average daily rates, and revenue per room showed strong increases across the District from the same period last year.
    Activity at professional business services firms increased at a moderate pace since the last report. More...

  • June-15 -- Energy Rig Count in US Seen at Bottom as Drilling Rebounds
    Total rigs rose by six to 1,771.
    The offshore rig count, primarily in the Gulf of Mexico, lost two to 54. More...

Friday


  • June-14 -- Wall St. rallies on economic data, technical factors
    NEW YORK, June 12 (Reuters) - U.S. stocks fell on Wednesday, with the Dow sliding more than 100 points on another volatile day as traders extended a selloff driven by concern about central banks winding down their stimulus measures.
    The Dow lost 126.79 points, or 0.8 percent, to 14,995.23. More...

  • June-14 -- Wendy's responds to viral photo of worker eating from Frosty mac - KAIT ...
    A photo that surfaced on Reddit this past Wednesday shows a Wendy's worker drinking ice cream straight from the fast food restaurant's Frosty machine.
    "The contest had clear guidelines about what was acceptable and unacceptable. More...

  • June-14 -- UPDATE 2-US SEC says Revlon misled shareholders in a Perelman deal
    The U.S. four-week moving average of initial claims for unemployment insurance fell by 7,250 in the week ended June 8 to a level of 345,250 from the previous week's unrevised average of 352,500, according to seasonally adjusted numbers released today by the U.S. Department of Labor.
    Employers added 175,000 jobs last month, the government reported last week, while the jobless rate rose slightly to 7.6 percent because more workers jumped back into the labor force to find a job. More...

  • June-14 -- Jobless Claims in US Fell by 12000 Last Week to 334000
    The U.S. four-week moving average of initial claims for unemployment insurance fell by 7,250 in the week ended June 8 to a level of 345,250 from the previous week's unrevised average of 352,500, according to seasonally adjusted numbers released today by the U.S. Department of Labor.
    With a second consecutive week of declines, the four-week moving average also decreased for the first time in over a month, down 2.1% to 345,250. More...

  • June-14 -- Wall Street rallies on data; dollar falls versus yen
    The concerns have fueled a selloff in global equities, emerging markets, risky bonds and commodities, all of which have been buoyed by central bank liquidity, while driving the safe-haven yen sharply higher.
    Before the setback, market euphoria over the government's campaign to reflate the economy drove Japanese equities up over 70 percent since mid-November and sent the yen tumbling to a 4-1/2-year low against the dollar to 103.74 yen last month. More...

  • June-14 -- Retail sales rise more than expected in May
    "The American consumer continues to drive the U.S. economy," said Matthew Shay, NRF president and CEO. "In spite of fluctuating gas prices, severe weather in much of the country and fiscal policy uncertainty, consumers continue to demonstrate an inherent resiliency and flexibility."
    Last month, the gauge rose 0.6% from April to $421.1 billion in sales -- a 4.3% increase from the same period a year earlier, the Commerce Department said. More...

  • June-14 -- Mary Barra, the Contender: GM's Next CEO May Not Be a 'Car Guy'
    In mid-2014, the No. 1 U.S. automaker, teaming up with AT&T Inc, will start selling vehicles embedded with 4G LTE mobile broadband, a wireless connection that allows for faster flow of data that GM says would allow passengers in the backseat to watch streaming video.
    Build 16: 31 ms (NewsList).Completed macro ody_bottom_caro_eight.Build 9: 2484 ms (Content).Build 9: 156 ms (Content).Completed macro ody_conveyor.Parsing macro c4_inteltxt.Build 9: 0 ms (Content).Completed macro c4_inteltxt.Parsing macro ody_footer.Parsing macro ody_analytics. More...

  • June-14 -- Gannett posts biggest gain since 2009 on Belo deal
    WASHINGTON — USA Today publisher Gannett Co. announced Thursday it was buying Belo Corp. and its 20 television stations for $2.2 billion, its latest step towards becoming a "diversified multi-media company."
    Build 9: 0 ms (Content).Completed macro ody_article2.Build 9: 2062 ms (Content).Build 9: 16 ms (Content).Completed macro c4_arttemplate.Parsing macro ody_emailmodalcontentwrapper.Build 9: 0 ms (Content).Completed macro ody_emailmodalcontentwrapper.Parsing macro ody_conveyor.Parsing macro ody_bottom_caro_one. More...

  • June-14 -- Why I want the Fed to Raise Interest Rates
    The average interest rate on a 30-year, fixed-rate mortgage loan moved ever closer to the 4 percent mark, posting the sixth consecutive weekly increase in that popular mortgage product.
    The Fed has kept the short-term federal funds rate in a range of zero to 0.25% since late 2008. More...

  • June-14 -- DOJ, Arkansas File Joint Complaint Vs. ExxonMobil over Pipeline Oil Spill
    Caterpillar said Thursday it is no longer giving financial support to the Boy Scouts of America because the organization bans homosexuals from serving as scout leaders.
    More...

  • June-14 -- Caterpillar stops funding Boy Scouts over gay ban
    Caterpillar said Thursday it is no longer giving financial support to the Boy Scouts of America because the organization bans homosexuals from serving as scout leaders.
    More...

  • June-14 -- American Airlines plans to pack more people onto its planes
    American Airlines plans to add more seats to two of its planes, which could mean less legroom for passengers traveling in coach, according to USA Today.
    American will add seats to Boeing 737 and MD-80 planes, which make up more than 60 percent of the airline's fleet. More...

  • June-14 -- Prime San Francisco parking spot sells for $82000
    San Francisco Chronicle columnist C.W. Nevius reports Thursday the parking deal might be part of a new trend.
    The enclosed parking spot in a condo building in the South Park neighborhood is creating buzz in a town where the housing market is so hot most things fail to startle. More...

  • June-14 -- Energy Secretary Moniz promises LNG export decisions this year
    WASHINGTON (AP) -- Energy Secretary Ernest Moniz says he will move "expeditiously" to review about 20 applications to export liquefied natural gas and will make decisions by the end of the year.
    Shortly after the Freeport approval Moniz, who was sworn in on 21 May, said he would undertake a thorough review of the gas export review process, promising to ensure that current data was being used to make these decisions. More...

  • June-14 -- NYC Council To Consider Harsher Measures To Control Counterfeit Good Industry
    The item arrives within minutes, and cash exchanges hands.
    Michel Setboun/Getty Images (NEW YORK) -- For years, police in New York City have been chasing the guys on Canal Street selling phony Louis Vuitton handbags and $20 Rolex watches, but it hasn't stopped the counterfeit trade. More...

  • June-14 -- Marin Home Sales, Median Prices Continue Upsurge in May
    Median sales prices in the sizzling market were given an upward nudge in the East Bay, Peninsula and South Bay by multiple offers for a scant supply of houses for sale and by a change in the market mix to favor higher-priced homes, said real estate information company DataQuick.
    Homes that had been foreclosed upon within the last year accounted for 11.4% of homes resold in California -- the lowest point since August 2007, DataQuick said. More...

  • June-14 -- A Call For Google To Face A Tax Inquiry. Not That It Will Go Anywhere
    An influential parliamentary committee has called on HM Revenue & Customs to "fully investigate" Google, after finding that the internet giant uses "highly contrived" tax arrangements with the sole purpose of avoiding corporation tax on its multibillion-pound revenues in the UK. In a scathing report, the House of Commons Public Accounts Committee dismissed as "deeply unconvincing" Google's claims that its UK sales activities take place in low-tax Ireland and found that the company's account of its operations made "absolutely no sense".
    Undoubtedly, HMRC is not in a fair fight. More...

  • June-14 -- Coty Falls in Trading Debut After Raising $1 Billion in IPO (2)
    NEW YORK (AP) - Shares of beauty products company Coty dropped in their first day of trading on the New York Stock Exchange.
    Coty is a pure play beauty company with a portfolio of well-known brands that compete in the three segments in which it operates: Fragrances, Color Cosmetics and Skin & Body Care. More...

  • June-14 -- Clearwire Gives Dish's Ergen a Win in Billionaire's Duel
    ENGLEWOOD, Colo., Jun 12, 2013 (BUSINESS WIRE) -- DISH Network Corporation /quotes/zigman/109220 /quotes/nls/dish DISH ]] DISH +2.02% today announced that DISH Acquisition Holding Corporation ("Purchaser") has extended the expiration of the previously announced tender offer to acquire all of the outstanding shares of Class A Common Stock of Clearwire Corporation for $4.40 per share, net to the seller in cash, without interest, less any applicable withholding taxes, until 12:00 midnight (New York City time) at the end of the day on Tuesday, July 2, 2013, unless further extended or earlier terminated.
    SoftBank said on Tuesday it agreed to raise its offer for the U.S. wireless carrier to $21.6 billion from $20.1 billion as it fights off a counter bid by Dish Network Corp. More...

Thursday


  • June-13 -- Dow suffers first 3-day drop this year
    NEW YORK, June 12 (Reuters) - U.S. stocks fell on Wednesday, with the Dow sliding more than 100 points on another volatile day as traders extended a selloff driven by concern about central banks winding down their stimulus measures.
    The Dow Industrials fell 126 points, sliding back below the 15-thousand mark, while the Nasdaq dropped 36, and the S&P 500 slipped 13 points. More...

  • June-13 -- Committee Considers Overseas Secondary Mortgage Market Solutions
    "The companies' willingness to continue providing liquidity to the mortgage markets on a large scale was crucial to the recovery of the devastated home market and the broader economy," lawyers for the plaintiffs wrote.
    No single lender could account for more than 15 percent of mortgage securities backed by the new agency. More...

  • June-13 -- Dollar falls broadly as uncertain Fed outlook weighs
    The main potential for surprise, however, came from the possibility that the central bank would announce the implementation of negative interest rates (the rate paid to commercial banks when holding money).
    The British pound lower in spite of a report that showed U.K. industrial production unexpectedly increased in April. More...

  • June-13 -- UPDATE 3-RBS CEO Hester nudged out as bank seeks leader to guide sale
    Hester admitted that the task of putting RBS on an even footing while meeting the demands of the government -- which still owns 81 percent of the bank after it was bailed out in the wake of the 2008 financial crisis -- had been at times "bruising".
    The quid pro quo was that Hester now felt empowered to speak home-truths. More...

  • June-13 -- Big Banks Slide on Rate Jitters: Financial Losers
    The standard 30-year fixed mortgage for home purchase is offered today at a rate of 4.000%.
    As far as mortgage refinancing is concerned, Chase advertises the 7/1 adjustable rate loan at a rate of 3.250% and an APR figure of 3.158%. More...

  • June-13 -- H&R Block Q4 Profit Rises - Quick Facts
    Total tax returns prepared worldwide by and through H&R Block were 25.4 million in fiscal 2013.
    Analysts were expecting H&R Block to earn $2.60 a share on sales of $2.29 billion in revenue. More...

  • June-13 -- Whitman Sees 'Heavy Lifting' for HP, but Market Cheers
    HP shares rose 4 percent to $25.22 in morning New York Stock Exchange trading after Whitman's comments in an interview on cable network CNBC. Wall Street analysts have estimated revenue of $108.9 billion for HP's 2014 fiscal year, according to Thomson Reuters I/B/E/S. That would be down from their expectation of $111.4 billion for fiscal 2013, which ends in October.
    The Motley Fool's 12 top stocks for 2013 are now available! So if you're tired of picking stocks out of a hat and hoping that one skyrockets, check out Stocks 2013: The Investor's Guide to the Year Ahead. More...

  • June-13 -- The Quiet Rise Of Onkar Kanwar, The New Owner Of Cooper Tires
    Domestic tyre major Apollo Tyres has pulled off India's biggest acquisition in the automotive space, buying out U.S. based Cooper Tire and Rubber Company for $2.5 billion (R14,500 crore).
    Occidental Petroleum's (OXY) proposal to split its U.S. and foreign businesses is pressuring more oil companies to follow suit, as the allure of breakups to create more than $100 billion of market value entices investors. More...

  • June-13 -- News Summary: $2.15B settlement in Protonix case
    Law360, New York (June 12, 2013, 12:14 PM ET) -- Pfizer Inc. said Wednesday it has reached a $2.15 billion settlement with generic-drug makers Teva Pharmaceutical Industries Ltd. and Sun Pharmaceutical Industries Ltd. to resolve more than nine years of patent litigation over the acid-reflux drug Protonix.
    Pfizer and Takeda can use the money to offset the 80% sales dive Protonix took against generic competition . More...

  • June-13 -- UPDATE 2-France Telecom's CEO under investigation in Tapie probe
    PARIS, June 12 (Reuters) - France Telecom chief executive Stephane Richard was hospitalised for fatigue on Wednesday after two days of questioning by police in a probe of a 2008 arbitration case that resulted in a large pay-out to businessman Bernard Tapie.
    The Chief Executive of French telecoms company Orange, Stephane Richard, has been charged with fraud. More...

  • June-13 -- Nation's CEOs say economic recovery still on slow road
    The Business Roundtable's second quarter CEO Economic Outlook Survey Index, a report that measures the confidence of member executives, found that CEOs expect the U.S. economy to grow at an annual rate of 2.2 percent over the rest of the year.
    More...

  • June-13 -- US on Track for Smallest Deficit in 5Years
    For the first eight months of the 2013 financial year that began Oct. 1, the nation's deficit shrank to $626.3 billion compared with a $844.5 billion shortfall over the same period from a year before.
    Modest economic growth has also boosted tax revenue. More...

  • June-13 -- Yahoo to Free Up Inactive Accounts
    Nationwide, 9.7 million, or 19.8 percent of all residential properties with a mortgage, were still in negative equity at the end of the first quarter of 2013.
    The total number of mortgaged houses with positive equity stands at 39 million, according to the first quarter report. More...

  • June-13 -- Homeowners With Negative Equity Below 20% of Borrowers
    Nationwide, 9.7 million, or 19.8 percent of all residential properties with a mortgage, were still in negative equity at the end of the first quarter of 2013.
    The total number of mortgaged houses with positive equity stands at 39 million, according to the first quarter report. More...

  • June-13 -- Eight Charged in Hacking Theft From Dozen Financial Firms
    "Cybercriminals penetrated some of our most trusted financial institutions as part of a global scheme that stole money and identities," Fishman said in a statement.
    Four men were arrested and are to appear today in federal court in Newark, New Jersey, U.S. Attorney Paul Fishman said in a statement. More...

  • June-13 -- Boeing, FAA reveal lessons learned on 787
    Firefighters in Boston took an hour and 40 minutes to control a battery spewing flames on a Japan Airlines (9201) 787 that had just landed Jan. 7.
    A Japanese airline's Boeing 787 Dreamliner had engine troubles before takeoff, one day after another Japanese airline's 787 had technical troubles. More...

  • June-13 -- Cheaper solar panels fuel rise in renewable energy
    Renewables investment fell 12 percent to $244 billion last year, having hit a new high every year since 2004 - except in 2009 when the global financial crisis hit, said reports by the United Nations' Environment Programme (UNEP) and Paris-based renewables policy organization REN21.
    Renewable energies have rapidly become a vital part of the global energy mix and account for an ever-growing share of electric capacity added worldwide. More...

  • June-13 -- 6/12/2013: Cuadrilla PR man says shale won't cut energy bills; U of Tenn Set to ...
    "On the supply side, the most noticeable phenomenon remains the American shale revolution," said BP Chief Executive Bob Dudley in an introduction to the group's global outlook report.
    The full extent of the energy revolution from shale oil and gas is becoming clearer. More...

  • June-13 -- Is It Time To Buy Yum? Chinese Consumer And Better Operations Could Drive ...
    Shanghai, China (4E) Yum Brands Inc., the parent company of Kentucky Fried Chicken, reported that its China same-store sales dropped in May, as quality issues with chicken suppliers and the impact of a bird flu scare continue to hit KFC. In its regulatory filing on Tuesday, Yum Brands said same-store sales for its China division fell by about 19 per cent last month, including an estimated 25 percent decline at KFC and 12 percent expansion at Pizza Hut Casual Dining.
    Chinese consumers were wary of trafficking KFC, ultimately impacting Yum! sales. More...

  • June-13 -- Facebook CEO faces angry shareholders
    SAN FRANCISCO -- Facebook Inc. Chief Executive Mark Zuckerberg, grilled by shareholders unhappy about the slumping stock price, took pains to defend the company he founded.
    "We understand that a lot of people are disappointed in the performance of the stock, and we are too," Zuckerberg said before the start of a question-and-answer session that followed election of the Facebook board. More...

Wednesday


  • June-12 -- Volatile stocks tumble in global sell-off
    The 10-year Treasury yield traded at 2.183%.
    The major index futures are currently pointing to a sharply lower open for the markets , with the Dow futures down by 121 points. More...

  • June-12 -- Shares hit by stimulus fears; yen soars on BOJ inaction
    NEW YORK, June 11 (Reuters) - Investors sold stocks and commodities worldwide on Tuesday, unnerved by fears that major central banks are cooling in their commitment to pump money into the economy to spur recovery.
    Citigroup declined 3.3 percent to $50.24. More...

  • June-12 -- SEC Alleges 'Systemic' Lapses in Oversight at CBOE
    There's no net market impact here: optionsXpress was always delta-neutral, long as much stock as it was short.
    WASHINGTON, June 11 (Reuters) - The Chicago Board Options Exchange will pay a $6 million penalty and take "major remedial measures" to settle civil charges that it failed to properly enforce short sale rules, U.S. regulators said on Tuesday. More...

  • June-12 -- What's going on at Lululemon?
    Canadian yogawear maker lululemon athletica inc. ( LULU : Quote, LLL.TO) said Monday after the markets closed that its first quarter profit rose a modest 1.5% from last year, as higher costs and expenses dented a 21% revenue growth.
    For the full fiscal year, the company said it expects to earn between $1.96 and $2.01 per share, on revenue between $1.65 billion to $1.66 billion. More...

  • June-12 -- Yes, Banks Are Reordering Your Transactions And Charging Overdraft Fees
    The Consumer Financial Protection Bureau says on average, overdrawing an account costs customers $225 in fees per year.
      However, if the customer opts in, the bank allows the transaction to go through but charges the customer a high fee. More...

  • June-12 -- No more Super Tuesdays: Stocks close down 1%
    Build 9: 0 ms (Content).Completed macro ody_dfp_inlinevideoad.Build 9: 31 ms (Content).Completed macro ody_inlinevideoadwrapper.Parsing macro c4_arttemplate.Parsing macro ody_ArticleContentWrap.
    The Bank of Japan in April announced a $1.4 trillion stimulus program, and while the central bank on Tuesday left the door open to taking fresh steps to calm markets if borrowing costs spike again, it did not appear to assuage investors. More...

  • June-12 -- Drop in Job Openings Tempers US Hiring Prospects: Economy
    The number of job openings shed 3 percent to 3.757 million in April from 3.875 million in March.
    The quits rate, at 1.7 percent in April, is little changed from a year ago, when it was 1.6 percent. More...

  • June-12 -- Treasurys Recoup Losses Amid Safe-Haven Buying
    The U.S. will auction $21 billion in 10-year notes tomorrow and $13 billion in 30-year bonds on June 13.
    Five-year U.S. yields were 4.4 basis points higher at 1.17 percent and two-year equivalent was 1.2 bps higher at 0.33 percent. More...

  • June-12 -- Ulta Salon 1st-Quarter Profit Rose 20% on Strong Sales Growth
    Ulta Salon Cosmetics & Fragrance Inc.' s (ULTA) fiscal first-quarter earnings rose 20% the beauty-products retailer benefited from double-digit sales growth.
    More on Ulta Salon's ( ULTA ) Q1 : Sales and EPS rise 22.9% and 20.4% Y/Y respectively while comps growth comes in at 6.7%. More...

  • June-12 -- Greece shuts public broadcaster
    The conservative government's junior coalition partner, Democratic Left, said in a statement on Tuesday that it would be "inconceivable" for Greece to not have a national broadcaster.
    ATHENS, Greece Greece's conservative government says it will temporarily shut down state-run television and radio, despite fierce objections from unions and junior coalition partners. More...

  • June-12 -- Who Are You Going to Believe, Jamie Dimon or JPMorgan?
    June 11 (Bloomberg) -- Jamie Dimon, chief executive officer of JPMorgan Chase & Co., said there was no lying or hiding on the more than $6.2 billion in losses in the firm's chief investment office last year.
    Jamie Dimon, the chief executive of JPMorgan Chase & Co who won a strong vote of confidence from shareholders last month, defended the disclosures the bank made last year about its unfolding London Whale derivatives loss. More...

  • June-12 -- Facebook plans for Home switch in Android app
    The comment was just one of several investor criticisms directed towards Facebook ]] Facebook's executive team about the company's initial public offering last May and the stock's poor performance in the year since.
    Shareholders approved the slate of items including the re-election of board members Zuckerberg, Sheryl Sandberg, Donald Graham, Marc Andreessen, Erskine Bowles, Reed Hastings, Peter Thiel and Susan Desmond-Hellmann. More...

  • June-12 -- Airbus Sets Date for A350 Flight as Boeing Rivalry Heats Up
    PARIS, June 10 (Reuters) - Preparations for the maiden flight of Europe's newest passenger jet, the Airbus A350, have hit a snag as the fallout widens from a three-day air traffic control strike due to start on Tuesday, French transport sources said.
    One of the first commercial jets (after the Dreamliner) to be made primarily of composite materials instead of metal, the A350 will come in three variants -- the 800, 900, and 1000. More...

  • June-12 -- Cadillac goes 'Rogue,' hires Campbell Ewald for ad account management
    While Rogue will operate in Campbell-Ewald's downtown Detroit location, much of the creative work will be handled at Hill Holiday's Boston office.
    Cadillac, which is trying to establish itself as a global luxury brand, said in March it would review advertising proposals. More...

  • June-12 -- Minorities Experience Racial Bias in Housing Market, HUD Finds
    While housing opportunities for Latinos and other minorities have improved, a new study released today by the U.S. Department of Housing and Urban Development and the Urban Institute finds that Hispanics, Asians, and African Americans learn about fewer housing options than their equally qualified white counterparts.
    HUD will resume normal operation on Monday. More...

  • June-12 -- Dole Swaps Climb on CEO Buyout Offer; Pacnet Plans Dollar Debt
    Dole Food Co. Inc. (NYSE:DOLE), the world's largest fresh fruit and vegetable producer, jumped 25 percent in premarket trading on Tuesday after receiving an offer from Chief Executive Officer David Murdock to buy out other shareholders in the company.
    Forget thoughts of retirement -- the venerable chief executive of Dole Foods has launched a billion-dollar bid to take the world's largest fruit and vegetable producer private. More...

  • June-12 -- As a Small Business Optimism Index Rises, Economists Aren't Convinced
    The report, based on responses from 715 randomly-selected small businesses in NFIB's membership directory, shows momentum increases in eight of 10 index components within the survey, which was distributed in May.
    Last month, the share of owners expecting better business conditions over the next six months increased 10 points. More...

  • June-12 -- Surprise: Social Media Use Associated With Narcissism, Other Great Qualities
    Overall, 90% of marketing companies use social media for marketing communication while 87% of B2B marketers build brand awareness through social media.
    TUESDAY, June 11 (HealthDay News) -- All those "status updates" and "tweets" that people post as they clamor to be part of the online social network may reflect a troubling trend toward self-absorbed behavior in the United States, a new study suggests. More...

  • June-12 -- Chicago Hosts Near-Record Tourists in 2012
    Chicago homeowners and businesses have grown accustomed to up-to-the-limit school property tax increases, but they might be forced to endure even more pain to bail the Chicago Public Schools out of a $1 billion shortfall.
    The mayor claimed his new meter deal will save the city $1 billion in "true-up" payments required to compensate the private company for meter removals. More...

  • June-12 -- NTSB: Driver Felt 'Crowded' Before Bridge Collapse
    Washington State Department of Transportation crews moved the first temporary section of the Interstate 5 bridge into place over the Skagit River, Monday, June 10.
    OLYMPIA -- The swiftness with which the state is repairing the I-5 bridge in Skagit County is fueling interest among lawmakers to construct all highway projects with similar speed. More...

Tuesday


  • June-11 -- What Apple revealed at WWDC 2013
    Craig Federighi of Apple introduces changes to Apple's OS X 10.9 in San Francisco.
    The new Mac OS gets some tricks from the Web, such as tagging and window tabs. More...

  • June-11 -- US Outlook Revised to Stable by S&P as Fiscal Risks Diminish
    U.S. stock futures also rose.
    D.R. Horton Inc shares fell 2.6 percent to $22.93. More...

  • June-11 -- Lululemon CEO Christine Day stepping down
    For the second quarter, Lululemon now expects revenue of $340 million to $345 million based on a rise of between 5 percent and 7 percent in same-store sales, a key benchmark for the retail sector.
    Lululemon shares dropped about 9 percent in after-hours trading following the news. More...

  • June-11 -- International Energy Agency Doubles Down on Climate Change
    Governments had collectively decided that the world needs to limit the average global temperature increase to no more than 2 degree Celsius.
    Despite some encouraging signs, the IEA says that more needs to be done to keep carbon emissions from rising above the international goal of 2 Celsius by 2020. More...

  • June-11 -- Organic growers lose decision in suit versus Monsanto over seeds
    The U.S. Court of Appeals for the Federal Circuit affirmed a federal court ruling out of New York that found organic growers had no reason to try to block Monsanto from suing them as the company had pledged it would not take them to court.
    The district court dismissed the case for lack of subject matter jurisdiction - finding that there was "no justiciable case or controversy" as required under Article III of the U.S. Constitution. More...

  • June-11 -- Fed retreat from bond buying expected by fourth quarter: poll
    By the end of May, that rate had risen to more than 2.1 percent.
    The uncertainty caused by Bernanke's remarks triggered a modest stock selloff, with interest rates on the benchmark 10-year Treasury bond rising about half-a-percentage point during the past month. More...

  • June-11 -- ECB will not buy bonds to save profligate states: Draghi
    Euro-zone members can go bust and the European Central Bank won't buy up their bonds just to keep them solvent, ECB President Mario Draghi said in an interview with German state television.
    BANGALORE (Reuters) - The European Central Bank is unlikely to conduct another of its longer-term refinancing operations this year, according to a majority of leading euro money market traders polled by Reuters on Monday. More...

  • June-11 -- Checks to be mailed to foreclosure abuse victims
    Starting today, as part of the National Mortgage Settlement , checks of about $1,480 each will be mailed to 14,723 Wisconsin residents who lost homes to foreclosure between Jan. 1, 2008, and Dec. 31, 2011.
    Build 16: 31 ms (NewsList).Completed macro ody_bottom_caro_eight.Build 9: 391 ms (Content).Build 9: 15 ms (Content).Completed macro ody_conveyor.Parsing macro c4_inteltxt.Build 9: 0 ms (Content).Completed macro c4_inteltxt.Parsing macro ody_footer.Parsing macro ody_analytics. More...

  • June-11 -- The Carlyle Group Has Made $2 Billion Off Of Booz Allen
    Elan Corporation, plc (NYSE:ELN) today announced that its board of directors has rejected a revised bid from privately held investment firm Royalty Pharma.
    Elan shareholders meet next Monday to vote on a series of defensive transactions that the Dublin-based company has recently made. More...

  • June-11 -- Elan voluntarily dismisses US lawsuit against Royalty
    Elan Corporation, plc (NYSE:ELN) today announced that its board of directors has rejected a revised bid from privately held investment firm Royalty Pharma.
    Since Royalty Pharma already is domiciled in Ireland, it would not achieve a lower tax rate through an Elan acquisition. More...

  • June-11 -- American executives out in US Airways merger
    Horton will serve briefly as chairman of the new company -- to be called American Airlines Group Inc. -- before exiting next year.
    U.S. Airways rose 1.4 percent to $17.26 at the close in New York. More...

  • June-11 -- FOREX-Dollar rallies vs yen on Japan data, S&P US credit revision
    The Nikkei index jumped as the dollar rose sharply against the yen after markets took a closer look at Friday's U.S. jobs data, which eased growth concerns while keeping alive speculation of early easing in the Federal Reserve's stimulus.
    The dollar index added 0.3 percent to 81.916 after plunging to a more than three-month low of 81.077 on Thursday. More...

  • June-11 -- Greek Agency Hits Back At Gazprom After Privatization Failure
    Athens, which has a binding goal to raise 1.8 billion euros from asset sales by the end of September, got just one bid - from Azerbaijan's SOCAR - for natural gas grid operator DESFA, a DEPA unit that it wanted to sell separately.
    More...

  • June-11 -- US Agency Boosts Projections for Natural Gas in Global Shale Formations
    More and better geologic information has become available for shale formations located outside the United States, in part because the earlier report stimulated new work on shale resources in many countries (e.g., Algeria, Argentina, and Mexico).
    The energy industry has traditionally thought the world's natural gas supply would last 60 years, but now recoverable reserves of unconventional gas -- including shale and coal-bed methane -- are conservatively estimated at 250 years at present rates of consumption, according to an IHS CERA report last year. More...

  • June-11 -- BP, Coast Guard to End Active Cleanup in Three States After 2010 Spill
    The U.S. Coast Guard is ending active cleanup operations in Mississippi, Alabama and Florida, concluding an extensive three-year effort to repair the Gulf of Mexico shoreline after the 2010 Deepwater Horizon oil spill, BP PLC (BP, BP.LN) said.
    Once the transition is complete, the cleanup will be managed by the National Response Center, which serves as a central reporting point for all environmental spills across the country. More...

  • June-11 -- Sprint, Clearwire Votes Could Bring Clarity, if They Happen
    The Japanese telecommunications company is discussing a possible agreement with Deutsche Telekom AG (FRA:DTE) (OTCMKTS:DTEGY), according to a report from Paritosh Bansal and Soyoung Kim of Reuters.
    Google is close to a deal to acquire Waze, a largely Israeli company with a social mapping service that reflects actual traffic information. More...

  • June-11 -- McDonald's May sales rise 2.6 percent
    Shares rose 1.9 per cent before the opening bell on Monday, to $100.15.
    By comparison, analysts forecast a 1.5% rise. More...

  • June-11 -- Quick Question: Should the state authorize dairy farmers to sell unpasteurized ...
    In remarks at the company's Annual Shareholders Meeting, Wal-Mart Stores, Inc. President and CEO Mike Duke today credited associates for the retailer's financial strength and personally welcomed on stage several dozen associates who represent the significant range and number of job and career opportunities offered by the world's largest private employer."
    Wal-Mart (NYSE: WMT ) shareholders are disgruntled, a fact they made abundantly clear at the annual shareholder meeting at the University of Arkansas on Friday. More...

  • June-11 -- Wal-Mart's Slow-Motion Privatization
    Kalpona Akter, a former garment worker from Bangladesh who presented a defeated shareholder proposal at the firm's 2011 annual meeting, joined the OUR Walmart workers to push the company for changes.
    Walmart has thus far declined to sign, saying it will develop an alternative plan in coordination with clothing retailer GAP. "Even these 1,127 who were killed haven't changed anything," she said. More...

  • June-11 -- Exide Technologies files for bankruptcy protection
    June 10 (Bloomberg) -- Exide Technologies, a battery producer with operations in more than 80 countries and about 3,600 employees, sought bankruptcy protection for its U.S. operations after losing business to competitors.
    Exide secured $500 million debtor-in-possession (DIP) financing through a group of financial institutions and investors in connection with the filing. More...

Monday


  • June-10 -- Where Are the Jobs Today?
    The rise in unemployment reflected the loss of 45,000 federal jobs in the last three months -- the result of $85 billion in across-the-board cuts in the bureaucracy -- and came despite solid growth in employment in the private sector, which brought total job gains to 175,000 during the month.
    WASHINGTON -- Pressure built Friday on the Federal Reserve to signal whether it’s ready to begin scaling back its controversial economic stimulus efforts, after a status-quo May jobs report from the government sparked an unusual Wall Street rally. More...

  • June-10 -- Jobs Report Not Enough To Stop The Great Bond Short
    At one point Wednesday, Bank of America Corp. bonds due in 2023 traded with a yield of 1.70 percentage points more than U.S. Treasurys, up 0.16 of a percentage point from the day before.
    U.S. May unemployment rate estimated at 7.5 percent By Luciana Lopez NEW YORK, June 6 (Reuters) - Prices for U.S. Treasuries edged slightly higher on Thursday as a drop in the dollar against the yen boosted demand for U.S. government debt, but caution ahead of the government's May payrolls data kept gains modest. More...

  • June-10 -- Making Social Marketing Make Sense For Small Business
    Brandon Mendelson's somewhat-widely circulated and debated article on PandoDaily made some pretty blunt claims about the superficiality of social media's effects, specifically attacking the idea that virality isn't what it claims to be: A unified, pure and organic representation of our collective consciousness.
    Facebook is a right place to start as more than 1 million websites have integrated Facebook in different ways and its 850 million monthly active users put it in a top place for any marketing campaigns to start. 77% of B2C companies and 43% of B2B companies have acquired customers from Facebook. More...

  • June-10 -- Seattle National Small Business Week Event to feature workshops
    Evidence has mounted in recent weeks that the economy is fast losing growth momentum as sluggish domestic demand fails to make up for lethargic export sales.
    New local-currency lending of 667.4 billion yuan ($109 billion) trailed the median estimate of 34 economists and was down from 793.2 billion yuan a year earlier, People's Bank of China data showed. More...

  • June-10 -- China data highlights weak economy
    Evidence has mounted in recent weeks that the economy is fast losing growth momentum as sluggish domestic demand fails to make up for lethargic export sales.
    New local-currency lending of 667.4 billion yuan ($109 billion) trailed the median estimate of 34 economists and was down from 793.2 billion yuan a year earlier, People's Bank of China data showed. More...

  • June-10 -- Greenspan: Taper Now, Even If Economy Isn't Ready
    In a wide-ranging interview, Alan Greenspan, former Federal Reserve Board chairman, discusses the stock markets likely reaction to the Feds tapering policies.
    The purchases, known as quantitative easing, began in September in an attempt to push down long-term interest rates and stimulate the economy. More...

  • June-10 -- Fix-it outage planned overnight after Back Bay blackout
    OAK HARBOR, Ohio -- A southern California utility's decision to decommission a nuclear power plant plagued by trouble with its replacement steam generators reinforces the need for deep scrutiny of proposed steam-generator replacement at the Davis-Besse plant near Toledo, an anti-nuclear activist coalition contends.
    For the next year or two, the PUC will hear arguments from a cast of hundreds that include utility executives, consumer advocates and the public, including an "intervenor" represented by Michael Aguirre, the pugnacious former San Diego city attorney. More...

  • June-10 -- Nuclear plant shutdown to increase California's reliance on natural gas
    NEW YORK: California's growing reliance on natural gas to fuel its power plants will increase and power prices will remain elevated following Southern California Edison's decision to retire a crippled nuclear power plant.
    Two steam generators manufactured by Mitsubishi Heavy Industries were installed in Unit 2 in 2009 and two more were installed in Unit 3 in 2010, one of which developed the leak, Southern California Edison said. More...

  • June-10 -- American auto industry about to go on hiring spree
    Car companies and parts makers created 167,500 jobs from the end of the recession in June 2009 through May.
    Many auto suppliers will do so too. More...

  • June-10 -- China inflation slows to 2.1% in May: report
    The NBS data also showed that China's urban fixed asset investment rose 20.4 percent year on year to 13.12 trillion yuan (2.13 trillion U.S. dollars) in the first five months.
    The price figures, along with trade data which showed China's exports grew only 1 percent in May, added to evidence that growth may slow further in the current quarter. More...

  • June-10 -- Sprint and Clearwire votes set to shape sector's fate
    Deutsche Telekom had been trying since 2011 to find a better path for T-Mobile USA after abandoning a sale of the company to No. 2 U.S. mobile provider AT&T Inc ( T.N ) for $39 billion because of opposition from regulators.
    While the $25.5 billion offer from the U.S. satellite television company is higher, Japan's fastest growing wireless carrier has argued that the deal would load the resulting company with too much debt. More...

  • June-10 -- INSIGHT-Barred by Wal-Mart, Bangladesh suppliers feel left on the shelf
    FAYETTEVILLE, Ark. (AP) -- Wal-Mart Stores Inc. announced a $15 billion share buyback program at its annual meeting on Friday, as the world's largest retailer faces increasing scrutiny from investors over how it has handled allegations of bribery in its Mexican operations that surfaced a year ago.
    While the housing market is recovering and the stock market has rallied, low-income people haven't benefited much. More...

  • June-10 -- JC Penney, new home for Jonathan Adler, Conran, Michael Graves
    J.C. Penney Co. ( JCP ), the department-store chain looking to rebound from its worst sales year in more than two decades, will get a boost from the opening of renovated housewares sections this month, Chief Executive Officer Mike Ullman said.
    Johnson also envisioned J.C. Penney stores remade into boutique shopping experiences, with brands divided up into store-within-stores. More...

  • June-10 -- Bono's Moving Serenade Of Warren Buffett [VIDEO]
    "The energy sector looks to be a pathway for (Buffett) to invest a lot of money," said David Rolfe, chief investment officer of St. Louis-based Wedgewood Partners, which has about $300 million invested in Berkshire Hathaway stock.
    Since the auction began in 2000, it has raised about $16 million for the charity. More...

  • June-10 -- Wild horse, burro roundups are costly, ineffective, study says
    The group was commenting following the release of the National Academy of Sciences report into the Bureau of Land Management's wild horse and burro program.
    Protect Mustangs' executive director, Anne Novak, said: "With the gluttony of roundups and removals, wild horses reproduce at a higher rate to prevent extinction. More...

  • June-10 -- NRC Orders Owners of 31 US Reactors to Toughen Vents
    "We look forward to working with the NRC and stakeholders to develop the guidance for implementation of the order."
    More...

  • June-10 -- Quick Take: Inside the Textura IPO
    Textura Corp. (NYSE: TXTR), an enterprise software maker for the commercial construction industry, held its initial public offering (IPO) this morning, selling 5.175 million shares at a per share price of $15.00, the top of its expected range.
    Textura has granted the underwriters an option to purchase up to 750,000 additional shares. More...

  • June-10 -- PRECIOUS-Gold falls 2 pct as US jobs data dims stimulus hope
    For the week, the gold price fell 0.3 %, from $1,388.30 an ounce to $1,384.60, and silver fell 2.6 %, from $22.27 an ounce to $21.69.
    Gold for August delivery fell $32.80, or 2.3%, to settle at $1,383 a troy ounce. More...

  • June-10 -- Raley's, Nob Hill Customers Warned of Cyber Attack on Store Computer Systems
    Raley's is warning of a cyber attack that targeted its computer network and may have allowed access to credit and debit card information.
    Raley's says it hasn't found any unauthorized access to credit card data, but officials are still investigating. More...

  • June-10 -- Connecticut's Economy Headed in the Wrong Direction
    North Dakota's real GDP grew 13.4 percent last year, higher than the U.S. real GDP by state growth of 2.5 percent in 2012 and 1.6 percent increase recorded in 2011.
    In current dollars, Alabama generated $183.5 billion in economic output in 2012, representing about 1.2 percent of the nation's total overall activity. More...

Sunday


  • June-09 -- Payrolls in US Rose 175000 in May, Unemployment 7.6%
    The rise in unemployment reflected the loss of 45,000 federal jobs in the last three months -- the result of $85 billion in across-the-board cuts in the bureaucracy -- and came despite solid growth in employment in the private sector, which brought total job gains to 175,000 during the month.
    Wages are up 2 percent from a year earlier, which bodes poorly for consumer spending. More...

  • June-09 -- US STOCKS-Wall St on track for weekly gain after jobs report
    U.S. stocks rose on Thursday, with the Dow swinging nearly 200 points between the session low and high, and the S&P 500 recovering after hitting a key technical level in volatile trading a day before the release of the U.S. jobs report.
    The Nasdaq Composite Index climbed 33.61 points, or 0.98 percent, to 3,457.66. More...

  • June-09 -- Yen Climbs Most in Almost Four Years as Bearish Bets Are Unwound
    The yen rallied the most in almost four years against the dollar as mounting speculation about the Federal Reserve's stimulus plans sparked volatile trading and spurred investors to unwind bearish bets on Japan's currency.
    Employment outside the farming sector in the world's leading economy rose by 175,000 last month, close to forecasts for 170,000 new jobs. More...

  • June-09 -- Justice Department: FCC can proceed with review of Sprint-SoftBank deal
    While the $25.5 billion offer from the U.S. satellite television company is higher, Japan's fastest growing wireless carrier has argued that the deal would load the resulting company with too much debt.
    Mike Mullen to its board as an independent director as well as the company's security director. More...

  • June-09 -- San Onofre nuke plant to close after bitter fight
    Anti-nuclear activists and Sen. Barbara Boxer celebrated Southern California Edison's announcement Friday that the troubled San Onofre nuclear plant will be permanently retired.
    Anti-nuclear activists and Sen. Barbara Boxer (D-Calif.) celebrated Southern California Edison's announcement Friday that the troubled San Onofre nuclear plant would be retired. More...

  • June-09 -- UPDATE 1-Buffett charity lunch fetches $1 mln bid, down from $3.46 mln last year
    The stocks inside the Warren Buffett and Berkshire Hathaway Inc. (NYSE:BRK.A) portfolios are often where many investors start to look for value, income and opportunity for the long haul. 24/7 Wall St. has decided to review the Berkshire Hathaway Inc. (NYSE: BRK-B) portfolios to look for opportunities and pitfalls.
    Although housing prices continue to rise, weakness in the sector would be a drag for banks. More...

  • June-09 -- Facebook's Sandberg brings Lean In to younger women
    How women can lean in -- family and career and now Sheryl Sandberg a separate FaceBook executive is taking her message.
    Boys and men -- -- tight grip you're talking about about you wanna be assertive you wanna be a leader but as a girl you also have to be nice. -- is basically a line main -- have to cross. More...

  • June-09 -- Greenspan: Taper Now, Even If Economy Isn't Ready
    In a wide-ranging interview, Alan Greenspan, former Federal Reserve Board chairman, discusses the stock markets likely reaction to the Feds tapering policies.
    The purchases, known as quantitative easing, began in September in an attempt to push down long-term interest rates and stimulate the economy. More...

  • June-09 -- Judge rejects Bloomberg challenge to swaps rules
    Bloomberg LP's lawsuit challenging the top U.S. derivatives regulator over rules setting higher collateral standards for swaps than comparable futures was dismissed by a federal judge.
    U.S. District Court Judge Beryl Howell in Washington ruled Friday that Bloomberg had failed to show it would suffer immediate and lasting harm from the new rules. More...

  • June-09 -- Consumer Credit in US Climbed in April on Non-Revolving Loans
    The Federal Reserve's borrowing report covers auto loans, student loans, and credit cards.
    The Fed also said consumer credit rose by an annual rate of 4.7 percent in March, as non-revolving credit jumped by 6.4 percent and revolving credit rose by 1.0 percent. More...

  • June-09 -- Insight: Barred by Wal-Mart, Bangladesh suppliers feel left on the shelf
    Wal-Mart also recently rolled out a three-part plan the company says can help jumpstart the economy.
    FAYETTEVILLE, Ark., June 7, 2013 /PRNewswire via COMTEX/ -- In remarks at the company's Annual Shareholders Meeting, Wal-Mart Stores, Inc. President and CEO Mike Duke today credited associates for the retailer's financial strength and personally welcomed on stage several dozen associates who represent the significant range and number of job and career opportunities offered by the world's largest private employer. More...

  • June-09 -- Monsanto: GM Wheat Sprouts "Isolated Occurrence"
    Monsanto and the Department of Agriculture are investigating how genetically modified wheat that hasn't been approved for commercial planting was found growing on an Oregon farm eight years after the company ended field tests.
    The gene that is inserted into Monstato's GM wheat makes it resistant to the herbicide Roundup Ready, Sneller said. More...

  • June-09 -- Nicaragua: Chinese company to get canal concession
    The Chinese company, HK Nicaragua Canal Development Investment Co. Ltd., is working with the Nicaraguan government on a massive canal project experts say could take 11 years to finish, cost $40 billion and require digging about 130 miles (200 kilometers) of waterway.
    Not to mention, cost $40 billion and require digging about 130 miles (200 kilometers) of waterway which will be 200 feet (60 meters) deep in many places. More...

  • June-09 -- Looking up: Household wealth climbs to new high
    Household wealth in the U.S. jumped to a record in the first quarter, exceeding its pre-recession peak for the first time, bolstered by gains in the stock and housing markets that are helping Americans mend finances.
    The average household has recovered only about 63 per cent of the wealth it lost. More...

  • June-09 -- United's social media efforts getting off the ground
    Brandon Mendelson's somewhat-widely circulated and debated article on PandoDaily made some pretty blunt claims about the superficiality of social media's effects, specifically attacking the idea that virality isn't what it claims to be: A unified, pure and organic representation of our collective consciousness.
    Media Manager also entails social ads budget notifications, collaborative worksheets and real-time chat to hook up agencies with brand clients, as well as other digital-campaign-based bells and whistles. More...

  • June-09 -- Freddie Mac: Mortgage rates rise again; 15-year fixed tops 3%
    Last week's average was 2.98 percent; five weeks ago the average was a record low 2.56 percent.
    We did not have to mail a single letter or send a FAX during the entire process. More...

  • June-09 -- Medicare , Social Security trustees ' report
    In the current report, the "mid-range" forecast indicates that the system would be able to pay 77 percent of the full scheduled benefits for recipients after 2033.
    On average, the scholars calculate the lump sum option would encourage workers to delay retirement by 1.5 to 2 years. More...

  • June-09 -- Changes ordered at Monticello nuclear power plant
    The Nuclear Regulatory Commission opnbrktNRCclsbrkt is increasing its oversight of the Watts Bar and Sequoyah nuclear power plants after citing both stations for violations of requirements for analyzing and preparing for potential flooding.
    Officials from the Governor's office say nuclear plants are exempt from the SAFE Act restrictions and that the NRC makes all decisions about plant security. More...

  • June-09 -- TABLE - US jobless claims fall in latest week
    The Labor Department reported that the number of Americans filing for initial unemployment benefits fell by 11,000 to a seasonally adjusted 346,000 claims.
    Planned layoffs down 4.5 percent in May By Lucia Mutikani WASHINGTON, June 6 (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity. More...

  • June-09 -- The Deal: Media General Pulls Back After Merger Surge
    The shares of Media General Inc. (NYSE:MEG) had recorded 52 week high price level of $10.17 per share and 52 week low price level of $3.39 per share.
    What: The two companies will combine in an all-stock transaction, forming a media enterprise with 30 stations in 27 markets, reaching 16.5 million, or 14% of U.S. TV households. More...









© Copyright 1998-2013, Power Text Solutions, All Rights Reserved.