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Government Workers Got $439M in Bonuses in 2011
Database shows that federal workers earned huge bonuses while many senior execs have six-figure salariesSenate Democrats Reject House Budget Plan
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U.S. firms eye Myanmar as sanctions suspended
WASHINGTON/HONG KONG (Reuters) - The suspension of U.S. sanctions barring investment in Myanmar in response to political reforms in the poor Southeast Asian state opens the door to U.S. firms queuing to scout for business in one of the last frontier markets.
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Asian shares drop on eurozone fears
Asian shares dropped, with Japan's stock index falling to a four-month low, as investors dumped risky assets amid growing worries about Europe compounded by disappointing US economic data.
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Europe fears pressure world markets
European markets were mixed Friday as investors remained anxious about Spanish and Greek banks, while Asian stocks sold off sharply amid worries of a further slowdown in China.…
It's Tinkerers v. Hollywood as Copyright Office Mulls New Jailbreaking Rules
To jailbreak or not to jailbreak? That was the question on everybody's mind Thursday as copyright regulators, content creators and digital rights groups battled over whether Americans should have the right to tinker with the devices that they buy.
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Taxpayer lost £2bn on Rock rescue
The taxpayer could lose about £2bn once the assets of collapsed bank Northern Rock are wound down, the National Audit Office estimates.…
Spain moves to calm bank fears
MoodyÂ’s conducts downgrade of countryÂ’s lenders as the government in Cyprus said it would underwrite a €1.8bn capital raising by Popular Bank of Cyprus…
Tim Geithner: Jamie Dimon On New York Fed Board 'A Problem'
Timothy Geithner is worried about a problem of perception.The Treasury Secretary told PBS Newshour that itÂ’s "a problem" having a banker like JPMorgan Chase CEO Jamie Dimon sit on the board of the Federal Reserve Bank of New York. That's because, in Geithner's view, it creates the perception that the institution, one charged with overseeing Wall Street, is too close to the finance industry. "It's a problem that the structure of the Fed established 90 years ago... creates that basic perception and I think thatÂ’s something worth trying to change," Geithner told PBS. "But the American people should understand that although the Fed was set up that way, those banks and the members of the board play no role in supervision, they have no role in the writing of the rules and they play no role in decisions the Fed makes about how to respond to the financial crisis." Read More...
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Markets drop on eurozone worries
Concern over the eurozone debt crisis has continued to weigh on financial markets, with the euro dropping more than a cent against the US dollar.…
Spain Approves Regional Spending Plan
Spain's government said 16 of the country's 17 regions are on track to meet this year's budget targets, a key part of its efforts to slash a towering budget deficit and ward off an international bailout.…
Moody's downgrades Spanish banks
Ratings agency Moody's cuts the credit ratings of 16 Spanish banks, as shares in struggling lender Bankia fell another 14%.…
U.S. sets new tariffs on Chinese solar imports
(Reuters) - The United States hit Chinese solar companies with punitive import tariffs of 30 percent or more on Thursday, ruling they had dumped cut-price solar panels into the U.S. market.
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U.S. suspends sanctions on investment in Myanmar
WASHINGTON (Reuters) - The United States on Thursday suspended sanctions barring U.S. investment in Myanmar in response to political reforms in the poor southeast Asian state, drawing praise from some U.S. lawmakers but criticism from human rights advocates.
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US slaps sanctions on 2 men over terror ties
The U.S. has declared a Haqqani network communications official and an alleged Taliban money launderer as global terrorists.
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Mexico's GDP Exceeds Expectations
Mexico's economy expanded 4.6% in the first quarter, growing above expectations on higher industrial output and agricultural production as well as continued strength in domestic demand.…
Spain beset by bank crisis, recession, bond pressure
MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports of an outflow of deposits from nationalized Bankia hammered its share price.
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Japan's economic growth nearly doubles U.S.
Japan's gross domestic product grew at nearly double the U.S. rate for the first quarter, an unexpectedly strong sign of recovery in the wake of last year's devastating earthquake and tsunami.…
Wall Street tries to look past Europe worries
U.S. stocks were poised to open mixed Thursday, as investors look past the latest European worries and await key earnings and economic reports, as well as the final pricing for Facebook's initial public offering.…
France questions EU fiscal pact
France's new finance minister reiterates that the country's new socialist government will not ratify the European Union's fiscal pact.…
Japanese growth in strong bounce
Japan's economy rebounded in the first quarter, but analysts warned that the pace of expansion will soon ease as temporary boosts to consumption and investment fade.
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Fall in Chinese Loans Poses Economic Threat
When growth in China's economy slows, government leaders typically call on state-owned banks to make loans to rev up activity. But that tactic may not work this time.…
Turkey Moves to Revive EU Bid
As fears grow that crisis-stricken Greece could become the first country forced to exit the euro zone, Athens' neighbor and old rival Turkey is seeking to revive its stalled bid to join the EU.…
Greece worries weigh on U.S. stocks
Following a positive start, U.S. stocks struggled to hold on to gains Wednesday afternoon, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.…
Fed wary of any US spending cuts
The Federal Reserve is worried about the impact on the US economy if government spending is cut sharply, minutes of its April meeting show.…
U.S. housing, industrial data point to steady growth
WASHINGTON (Reuters) - Groundbreaking for U.S. homes rebounded in April and factory activity gained momentum, suggesting a moderate pickup in economic growth early in the second quarter.
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Outgoing World Bank chief: Fix eurozone
Outgoing World Bank President Robert Zoellick said Wednesday he's concerned about the "ripple effects" on the rest of the eurozone if Greece leaves.…
Greeks pull money from banks, fearing euro exit
Greece's president spoke of "fear that could develop into panic" at the country's banks in the weeks before fresh elections that could precipitate Athens exit from the euro zone.
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Housing starts add to recovery signs
WASHINGTON (Reuters) - A rebound in groundbreaking for homes in April suggested the housing market recovery was gaining some traction, even though permits for future building fell.
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U.S. Steel Worth $33 Despite Fitch Downgrade
Low capacity utilization rates hovering near 8o% in North America are still plaguing the company, which continues to build a large fixed cost base - eating a substantial amount of the company's free cash flow.…
Bank warns of euro crisis 'storm'
The Bank of England warns that the eurozone is "tearing itself apart" with the "storm" threatening the UK recovery, as it cuts its forecast for growth this year.…
UK unemployment falls by 45,000
UK unemployment fell by 45,000 to 2.63 million in the three months to March, according to the Office for National Statistics.…
Lockheed strike continues with no signs of progress
After nearly four weeks of protests, striking machinists at Lockheed Martin continue walking the picket lines. Both sides say there are no talks scheduled. Marcus Moore has an update.…
Euro falls on fresh Greece fears
The euro hits a fresh four-month low against the dollar as political uncertainty in Greece fuels speculation it could leave the single currency.…
Senate panel to unveil Mass. spending plan
Gov. Deval Patrick and the House of Representatives have weighed in on state spending, and now it's the Senate's turn.
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Group of Eight set to meet; FranceÂ’s Francois Hollande to first visit Obama
Leaders of the worldÂ’s eight richest economies are set to gather at Camp David this weekend amid questions about EuropeÂ’s spiraling debt crisis.
But before they do, one key player, French President Francois Hollande will stop by the White House to introduce himself to President Obama.
Read full article >
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'Royal' diamond sells for $9.7m
A 35-carat diamond passed among Europe's royalty for four centuries, the Beau Sancy, sells for twice its reserve at auction in Switzerland.…
Debt Ceiling Standoff Looms ... Again
House Speaker Boehner says the GOP will again push for 'cuts and reforms' greater than the amount of a debt ceiling increase, while Treasury Secretary Geithner urges passage 'without the drama.'Congress Votes to Reauthorize Export-Import BankUS Senator Wants JP Morgan's Dimon to Appear Before PanelDimon at Shareholders Meeting: 'This Should Never Have Happened'OPINION: California Gov. Jerry Brown is Worse Than Dimon
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Economic Scene: Leaving the Euro May Be Better Than the Alternative
Despite the turmoil that would result, staying the course has its own risks.…
Clinton welcomes French push for European growth policies
The secretary of State says political changes sweeping Europe could lead to an emphasis on economic growth more in line with U.S. policies.
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Tim Geithner: JPMorgan 'Helps Make Case' For Stronger Regulation
WASHINGTON -- Treasury Secretary Tim Geithner said Tuesday that the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules on financial institutions, as regulators continue to implement the 2010 law aimed at policing Wall Street.Geithner said that the Federal Reserve, the Securities and Exchange Commission and the Obama administration are "going to take a very careful look" at the JPMorgan incident as they implement new regulations like the so-called "Volker Rule," which bans banks from making bets with firm money.Read More...
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US April retail sales in slowdown
US retail sales barely grew in April, rising 0.1% compared with a gain of 0.7% the month before, while consumer prices stayed unchanged.…
U.S. stock futures rebound ahead of economic data
Stock futures are rising ahead of economic data focusing on consumers and businesses.…
Bullish Two Hundred Day Moving Average Cross - WU
In trading on Tuesday, shares of Western Union Co. (NYSE: WU) crossed above their 200 day moving average of $17.44, changing hands as high as $17.49 per share. Western Union Co. shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of WU shares, versus its 200 …
Euro zone economy avoids recession but split grows
BRUSSELS (Reuters) - The euro zone just avoided recession in early 2012 but the region's debt crisis sapped the life out of the French and Italian economies and widened a split with paymaster Germany.
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UK trade deficit narrows in March
The UK's overall trade gap in March narrowed to £2.7bn, but the deficit for trade in goods alone was unchanged, official figures show.…
Colombia-US trade pact in force
A free trade agreement between the US and Colombia takes effect five years after being signed, with Colombian flowers the first goods to be sent.…
Asian shares fall on Greek crisis
Shares in Asia fall, taking their lead from Europe and the US, as political turmoil in Greece makes investors seek less risky assets.…
Europe's Power Firms Slowdown
European utility companies are struggling to remain profitable as households and businesses throttle back on energy use in what's become a protracted period of economic uncertainty in the region.…
EU Bank-Liquidity Bill Proceeds; U.K. May Protest
The European Parliament voted through its version of legislation transposing Basel III banking capital and liquidity requirements into law, paving the way for negotiations to begin with the European Commission and Council on the final wording.…
Contagion Fears Hit Markets
Investors battered European stocks, dumped the bonds of Spain and Italy, and bid the euro down against the dollar Monday after the collapse of weekend coalition talks in Greece edged the country closer to an exit from the euro zone.…
Moody's cuts ratings for 26 Italian banks
Moody's Investors Service on Monday cut the long-term debt and deposit ratings for 26 Italian banks by one to four notches, highlighting the tough environments in Italy and Europe.
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Cold Calling For Jobs, Not Just Sales
Much has been written about how critical networking is to the job seeker. However, networking takes time, and sometimes you can't wait for a warm introduction. Cold calling is not just for sales people or just for sales jobs. Every job seeker can benefit from using cold calling to reach their dream companies in a direct and efficient timeframe.…
Power Firms Grapple with European Slowdown
Coping with falling prices and weakening demand, European utility companies are struggling to remain profitable as households and businesses throttle back on energy use in what's become a protracted period of economic uncertainty in the region.…
'Pink Slime' maker announces layoffs
The maker of the beef product dubbed "pink slime" by critics says it's laying off 86 employees from its South Dakota corporate office.…
Contracts Help Private Sector Edge Deeper Into Space
A planned launching this weekend, if successful, would be a victory for private companies trying to make their mark in space.…
'Au'-sterity for gold as prices plunge
So much for gold being a safe investment in times of market volatility.…
Banks keep pressure on U.S. stocks
U.S. stocks lost ground Monday as investors fret over the political and economic stability of the eurozone, and worry about the safety of the U.S. banking sector.…
World shares fall on Greek crisis
Shares fall on both sides of the Atlantic as the continuing political uncertainty in Greece undermines investor confidence.…
Resource-Rich Canada Looks to China
For almost a century, Canada's economy has been firmly tethered to its much larger southern neighbor. Now, Canadian officials and executives also are betting their future on China.…
Stocks Sag On Weight Of Whale Trade, Europe
My notes switched to a very bearish tone when technically we broke the 1390-1392 S&P 500 support level on May 3 and May 4. It also combined with my common sense fundamental view of Europe, when Greece's rhetoric changed and Francois Hollande got voted in in France.…
Bears are roaring back
After staying quiet at the start of the year, the bears have come roaring back with a vengeance.…
China, South Korea and Japan Seek Regional Trading Pact
The leaders of China, South Korea and Japan also agreed that their countries would work to try to calm tensions on the Korean Peninsula.…
The Market for Lemons and the Start of the Mafia
Those interested in economics, as I am, get all excited about the market for lemons. For this was the analogy used in a paper about asymmetrical information that went on to win George Akerloff, its author, the Nobel Prize. But there?s also been some much more recent research to show that the market for lemons …
EuropeÂ’s Man-Made Disaster
This yearÂ’s annual meeting of the International Monetary Fund made clear that Europe and the international community remain rudderless when it comes to economic policy. Financial leaders, from finance ministers to leaders of private financial institutions, reiterated the current mantra: The crisis countries have to get their houses in order, reduce their deficits, bring down their national debts, undertake structural reforms, and promote growth. Confidence, it was repeatedly said, needs to be restored.
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Talks on Greek Coalition Collapse, Threatening Deal
The leader of a left-wing party that favors rejecting GreeceÂ’s loan agreement with foreign creditors on Sunday again refused to join a unity coalition, making new elections almost a given.…
U.S. Post Office Bars Shipment Abroad Of Gadgets With Lithium Batteries: No Laptops, iPads For Troops Overseas
WASHINGTON (AP) — The U.S. Postal Service is banning international shipments of electronics with lithium batteries such as smartphones, laptops and iPads, citing the risk of fire.
Beginning Wednesday, consumers may no longer make the shipments, including to army and diplomatic post offices. That means friends and family will have to use more expensive private companies such as UPS and FedEx to ship electronics to U.S. troops based abroad.
The Postal Service cited discussion by the International Civil Aviation Organization and the Universal Postal Union. They issue semi-binding guidelines for global trade.
Read More...
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Euro zone turmoil boosts London property stampede
LONDON (Reuters) - Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain showing strongly among investors seeking a safe haven for their money.
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Mother's Day Spending To Increase 8 Percent
Mother's Day is coming up on Sunday, and we are likely to spend more than ever on the women that created us.In fact, consumers are expected to spend an average of $152.52 on gifts for Mother's Day: up 8 percent from last year, according to a survey by the National Retail Federation. In total, we're expected to spend a total $18.6 billion on Mother's Day presents, according to the NRF. (H/t USA Today.)Why the increase? It's partly because these days, we don't only spend on our mothers, but also on other relatives and friends that have kids, according to the NRF.Read More...
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EU: Signs of Recovery, Risks Remain
The European Commission said there are initial signs of a recovery in the bloc's growth next year, although risks remain from the sovereign-debt crisis or a global increase in oil prices.…
Spain to force banks to set aside €30bn
Banks will be asked to split out their real estate-related loans into separate entities, so they can be sold off at market prices, the finance minister says…
Greece Mulls Paying Bond Holdouts
Greece's finance ministry has proposed paying out bondholders who refused to participate in the country's debt restructuring, two senior government officials said.…
South KoreaÂ’s businesses pay the price for LeeÂ’s tough policy toward the North
SEOUL — For much of the previous decade, South Korean leaders encouraged private companies to do business with the authoritarian North, seeing the joint ventures as a chance for both profitmaking and peacemaking. But South Korean president Lee Myung-bak has used a series of increasingly aggressive measures to cut off those deals, in the process forcing South Korean companies into bankruptcy and leaving business executives bitter about Seoul’s policy U-turn.
Read full article >
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Producer prices drop, giving Fed more space
WASHINGTON (Reuters) - Producer prices unexpectedly fell in April as energy costs dropped by the most in six months, a sign of easing inflation pressures that could give the Federal Reserve more room to help the economy should growth weaken.
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Poll shows Americans' pessimism on economy growing
Americans are growing more pessimistic about the economy and handling it remains President Barack Obama's weak spot and biggest challenge in his bid for a second term, according to a new Associated Press-GfK poll.…
Germany downplays impact of Greece euro exit
Germany's finance minister suggested in comments published Friday that the eurozone could deal with an abrupt exit by Greece, even though he says he doesn't want that to happen.
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China economy shows unexpected signs of weakness
BEIJING (Reuters) - China's economy stuttered unexpectedly in April with lower than expected output data, softening retail sales and easing prices suggesting economic headwinds might be stiffer than thought, requiring more robust policy responses to counter them.
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Texas At-Home Health Services Accused of $374 Million Fraud
Seven people in Texas billed U.S. government health programs for $374 million in services that weren't provided or necessary in the largest at-home health-care fraud scheme, according to the Justice Department.…
U.S. logs first monthly budget surplus in 42 months
WASHINGTON (Reuters) - The United States posted a budget surplus for the first time in 42 months in April on a rise in tax receipts and a drop in government spending, although it partly reflected a shifting of some payments to other months.
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Postal Service quarterly loss widens to $3.2 billion
The U.S. Postal Service's financial struggles continued at the start of 2012, as the agency reported a $3.2 billion loss for the three months ended March 31.…
Yes, Germany Might Boost Inflation. Here's How
To help the euro zone's periphery nations become more competitive, Germany is finally conceding it must allow higher inflation…
Jobless Rate Going Down, Or More Just Giving Up?
Labor Department reports US jobless rate at 8 percent, after peaking at 10 percent in 2009, as workforce shrinks
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China Wants Local Control of Foreign Auditing Firms
China has instructed the Big Four auditors to hand over control of their Chinese operations to local partners. The move may complicate efforts to reassure investors that auditing problems of recent years are under control.…
Europe Moving Toward Small Steps to Promote Growth
A potential compromise in Europe's battle between deficit-cutting austerity and policies to promote growth has begun to take shape.…
French Labor Unions Fear Layoffs
During the recent presidential campaign, when unemployment was a fraught political issue, companies avoided announcing job cuts. But now that it's over, unions say many large French companies are preparing to announce large layoffs.…
Obama: Europe should have followed U.S. economic lead
SEATTLE (Reuters) - President Barack Obama said on Thursday that Europe was still in a difficult place economically in part because it did not take some of the steps the United States did.
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Chinese Banks Get U.S. Nod
The Federal Reserve approved plans by three state-backed Chinese banks to expand in the U.S., including the first acquisition of a U.S. retail-banking network by a state-owned Chinese lender.…
Few Companies Fight Patriot Act Gag Orders, FBI Admits
Since the Patriot Act broadly expanded the power of the government to issue National Security Letters demanding customer records, hundreds of thousands have been issued by the FBI, but the perpetual gag orders that accompany them are rarely challenged by the ISPs and other recipients served with such letters.
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News Analysis: China's Unique Economic Model Gets New Scrutiny
Signs of a slowing economy and recent political upheavals in China add urgency to questions of how much control the state should exert, in business and in the lives of citizens.…
High & Low Finance: The Case for Global Accounting Rules
Some say that the best hope for international standards would be their enforcement by the United States.…
Argentina Asks Companies to Cut U.K. Imports Over Falklands
Argentine officials told executives from about 20 companies to cut their imports of goods made in the U.K. as a protest over control of the Falkland Islands, said an official who declined to be identified because he isn't authorized to speak publicly.…
China inflation adds to rate hope
China's inflation rate slows in April, raising hopes that the central bank will cut interest rates to sustain growth.…
Weak Trade Growth Weighs on China
China posted surprisingly weak foreign trade growth in April, signaling that the world's second largest economy continues to face strong head winds, both from abroad and at home.…
US trade deficit grows in March
The US trade deficit widened at the fastest rate for 10 months in March following a narrowing in February, official figures show.…
UK interest rates held at 0.5%
The Bank of England continues to hold UK interest rates at 0.5% and is not extending its programme to boost the economy by buying government bonds.…
Spain to Take Large Stake in Bankia
The Spanish government said it would take a large stake in Bankia, a move considered to be key in its effort to overhaul the banking sector and shore up confidence in the euro zone's fourth-largest economy.…
Looming battle over investment taxes
Eighteen CEOs urged Treasury Secretary Tim Geithner this week to rethink the Obama administration's proposal to raise the 15% tax rate on dividends and capital gains for high-income households.…
China's exports and imports slow
China's export and import growth slows in April, raising fresh fears about a sharp slowdown in the world's second-largest economy.…
Japan to take control of Tepco
The Japanese government is to take a controlling stake in Tokyo Electric Power in return for a 1 trillion yen ($12.5bn; £7.8bn) taxpayer bailout.…
Meet Fortune 500's female powerbrokers
Fortune's latest ranking of America's 500 largest corporations includes more women CEOs than ever before.
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Russian sales dip hits Carlsberg
Danish brewer Carlsberg reports a fall in profits for the first quarter of the year after being hit by a weak performance at its Russian business.…
Ukraine fights Euro 2012 boycott
Ukrainians want EU leaders to boycott politics, not Euro 2012…
Jobs Data Stir Worries in South Africa
South Africa's unemployment rate rose to over a quarter of those working or seeking work in the first three months of this year, an unexpected increase that casts doubt on the government's efforts to create jobs.…
Australia Seeks to Tighten Budget
Australia's government, facing a weakening economy, presented a budget package including heavy defense cutbacks as it aims for a surplus in time for a general election late next year.…
German Output Rebounds
German industrial output rebounded strongly in March following February's weather-related weakness, signaling that Europe's largest economy might yet side step recession.…
Greece Could Be Out Of The Eurozone As Early As This Summer
Political turmoil has pushed Greece to the edge, prompting prominent leaders like Fitch Ratings' CEO, an ECB board member, and a hedge funder to claim a Eurozone exit is now a very real possibility. Citi suggests the risk is as high as 75%.…
Crisis-hit Portugal axes holidays
Portugal adds to its austerity measures with the decision to suspend four of its 14 public holidays for five years.…
Chinese Exporters Show Weakness at Canton Fair
Soft export orders at the Canton Fair are seen as a relatively significant sign of trouble for the overall Chinese economy.…
Rise in U.K. Exports Seen
U.K. manufacturers expect exports to increase in 2012 due to buoyant demand in emerging markets, a survey published Tuesday shows.…
Australia Posts Trade Deficit
Australia's economy recorded its third-straight trade deficit in March, as the embattled government of Prime Minister Julia Gillard stakes its future on a plan to return a budget surplus, which is dependent on a mining boom that's losing momentum.…
U.S. could make $15.1 billion on AIG bailout: GAO
WASHINGTON (Reuters) - Taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer American International Group, a congressional watchdog said.
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Buffett backs TransCanada's proposed oil pipeline
Billionaire Warren Buffett supports building the Keystone XL pipeline that TransCanada wants to build to carry Canadian oil south across the Great Plains to connect to Gulf Coast refineries.…
Hollande sets France on new path
New French President Francois Hollande vows to redraw a pact on EU budget constraints, saying "austerity can no longer be the only option".…
'Mini Madoffs' CaughtAfter 12 Years on the Run
Couple arrested 12 years after fleeing punishment for running Ponzi scheme targeting friends, family and the elderly
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Stock Trading Remains in a Slide After '08 Crisis
Stock volumes have dwindled since the financial crisis, and some fear that investors wary of stocks may have trouble generating respectable returns from the ultralow interest rates of the bond market.…
Wall Street worried about Europe
U.S. stocks were poised to follow world markets lower on concerns over election results in Europe.…
Manufacturers to banks: We need money now
American manufacturers say business is booming again, but many are complaining that banks aren't lending them money to ramp up production.…
Asian shares slide after French election
Asian equities fell after U.S. jobs data disappointed and the election of François Hollande as French president raised concerns about Europe's debt crisis.
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Euro declines on election results
The euro declines against the pound and the US dollar following weekend election results in Greece and France, which cast doubt on austerity plans.…
Spanish Banks Resist Idea of 'Bad Bank' Bailout
Some of Spain's largest financial institutions are fretting about the potential impact of a rescue plan that would allow banks to transfer toxic assets to a government-backed agency.…
China-U.S. Summit Avoids Showdown On Audit Inspections
Treasury Secretary led a full team to Beijing for last week?s economic talks, which were largely eclipsed in U.S. coverage by Chen Guangcheng?s bid for freedom. As usual, the joint Sino-American declaration was long on rhetoric and short of specifics. One issue that received passing mention was auditing of public companies. The two sides said …
Dow falls 160 points on weak jobs report
U.S. stocks sold off Friday after a government report showed that employers added fewer-than-expected jobs in April.…
Argentine Olympic ad riles UK, IOC
Britain and international Olympic officials are taking issue with an advertisement claiming Argentina has sovereignty over the Falkland Islands.
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Jobs watch: Investors hold their bets
U.S. stock futures were little changed early Friday. but that could change quickly when the highly anticipated monthly jobs report is released an hour before the open.…
Eurozone private sector 'shrinks'
The eurozone's private sector contracted sharply in April and more than initially thought, a survey suggests.…
Australia lowers growth forecast
The Reserve Bank of Australia lowers its growth forecast saying that consumer and business sentiment continue to be low.…
Chinese officials willing to open up markets, says U.S. official
China is prepared to agree on Friday to take several important steps to open up its markets and level the playing field for foreign businesses, according to a U.S. official traveling with the delegation at the U.S.-China Strategic and Economic Dialogue.
Read full article >
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Growth Focus Is a Smarter Call for Europe
European leaders are talking growth, even as Germany remains adamant that it doesn't want the fiscal framework it has established over the past two years going up in smoke as soon as the going gets tough.…
Spain's Economic Crisis Deepens
Spain's economic woes intensified as the government announced the jobless rate spiraled to an 18-year high a day after S&P downgraded the country's sovereign credit rating.…
Young Entrepreneurs Honored By NFIB
The National Federation of Independent Business' Young Entrepreneur Foundation gave out 130 scholarships to high school seniors, ranging from $1,000 to $5,000. Of the top five, one student will receive the 2012 Young Entrepreneur of the Year award and an additional $10,000 scholarship for their entrepreneurial endeavors. The foundation, which was formed to raise awareness among young people about the importance of entrepreneurship and private enterprise, provides mentors and classroom materials to help educate students of all disciplines about operating a small business. The foundation uses a three-module curriculum that is available free of charge."The entrepreneurial spirit is alive and well in America and we at the NFIB Young Entrepreneur Foundation could not be more confident in our next generation of business owners," Kurt Summers, chairman of the NFIB Young Entrepreneur Foundation Board of Directors, said in a statement. News and Trends
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Ford: U.S. is fine, Europe is a problem
Ford Motor's U.S. comeback continued in the first three months of 2012, but the economic crisis in Europe and weak sales ended up cutting the company's first-quarter profit.…
U.S. Economic Growth Slows to 2.2% Rate, Report Says
Gross domestic product grew at an annualized rate of 2.2 percent, easing from the prior quarter's rate but maintaining what economists have called a "sustainable" pace of recovery.…
Mexico tightens rules, lowers weight on trucks
The Mexican government says it is tightening inspections and lowering maximum allowed weights for freight trucks after protests over deadly accidents involving double-trailer trucks.
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China Sets Yuan at New High
The Chinese central bank guided the yuan to a fresh record high for the second straight day Friday, amid renewed pressure from Washington for Beijing to let its currency appreciate more.…
Euro-Zone Data Point to Contraction
The euro-zone economy continued to contract at the start of the second quarter, with consumer and business confidence weaker, according to a raft of data.…
U.S. Calls for Investment Treaty With India
In her first public remarks since taking over as U.S. Ambassador to India, Nancy Powell said the countries can expand their commercial ties by negotiating a bilateral investment treaty and reducing barriers American businesses face.…
Long Island Ponzi Scheme Pulled In $400 Million, Four Agape and Agape Merchant Advance Workers Charged
(Reuters) -- Four former employees of a Long Island-based investment firm were charged Wednesday with running a Ponzi fraud that cost more than 4,000 investors $179 million in losses, federal prosecutors said.Jason Keryc, Anthony Massaro, Anthony Ciccone and Diane Kaylor, misled investors at Agape World Inc and Agape Merchant Advance, by using other investors' money to pay returns, according to a criminal complaint unsealed in a federal court in Central Islip, New York. It was a classic Ponzi scheme that ran for about five years and pulled in $400 million, the complaint said.The founder of Agape and Agape Merchant Advance, Nicholas Cosmo, was sentenced to 25 years in prison in October after pleading guilty to the scheme.
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Stocks gain as 'stimulus addicts' look for a fix
U.S. stocks rose Thursday, as hopes for more stimulus from the Federal Reserve and upbeat housing data overshadowed concerns about the job market and mixed corporate earnings.…
Chinese Data Show Impact of Global Woes
China's current-account surplus, the broadest measure of its trade balance, shrank sharply in the first quarter on weaker export growth, confirming a slowdown trend suggested by earlier data.…
Ireland Passes Latest Bailout Review
Ireland has passed the latest review of its bailout program, and has agreed new measures with its official lenders to boost the nation's economic growth, Irish Finance Minister Michael Noonan said.…
IMF Says Hungary Must Fix Central Bank Issues
The IMF said it can only restart talks for an emergency loan for the country after Budapest resolves concerns about central bank independence.…
World Bank to open Myanmar office in June
The World Bank will open an office in Myanmar (mee-an-MAWR') in June as it re-engages with the impoverished nation two decades since its last projects there ended.
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Jobless claims barely fall in latest week
WASHINGTON (Reuters) - The number of Americans lining up for jobless benefits fell only slightly last week and a trend measure rose, the latest sign of a weaker pace of healing in the still-struggling labor market.
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Chrysler posts biggest profit since 1998
Chrysler Group reported its best quarter in more than 13 years, driven by strong sales that were another sign of the automaker's progress since its 2009 bailout and bankruptcy reorganization.…
South Korea growth picture mixed
South Korea's growth picks up in the first quarter but analysts warn of challenging times for Asia's fourth-largest economy.…
Federal Reserve sees economy improving
The Federal Reserve believes the economy is improving, but not enough to warrant a change in its stimulative policies just yet.…
DATA Act Passes House, Capping Limits On Conference Spending
WASHINGTON -- Outraged by lavish government conferences on the taxpayers' tab, the House easily approved a measure Wednesday to impose tough limits on future events and how much agencies can spend as well as to create a one-stop system for Americans to track where federal dollars go. On a voice vote, the House backed the Digital Accountability and Transparency Act, known as the DATA Act. The legislation would establish uniform standards for all recipients to report federal money and set up a single website where average Americans could search for information on how government agencies, departments and other recipients spend federal funds. GSA
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More Fed officials see rate hike sooner than expected
The most dovish of Federal Reserve officials no longer want to put off raising interest rates until 2016.…
Plunge in durable goods orders clouds U.S. outlook
WASHINGTON (Reuters) - Demand for long-lasting manufactured goods tumbled by the most in three years in March and businesses cut back on spending plans, suggesting the economy slowed as the first quarter drew to a close.
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U.K. in recession on building slump
Britain's economy declined for the second straight quarter, the U.K. government said Wednesday, in a sign that the nation has entered a recession.…
Using U.S. Dollars, Zimbabwe Finds a Problem: No Change
Faced with high shipping costs, Zimbabwe hardly has any coins, making it a headache for millions of people to try to get every transaction to add up to a whole dollar.…
ECB: 'No eurozone credit crunch'
The European Central Bank says its latest survey of eurozone banks suggests a widely-feared credit crunch is not underway.…
Fed to stand pat, Bernanke briefing will set tone
WASHINGTON (Reuters) - The Federal Reserve began a two-day meeting on Tuesday that will likely show the central bank is slightly more upbeat on the economy but in little hurry to raise borrowing costs.
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Few expect major shifts as Fed ends policy meeting
The Federal Reserve has given the public increasingly more information about its work and its thinking. More doesn't always mean more revealing.
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Wen Hints at Demands During Tour
China's premier has steered clear of direct comments on Europe's debt crisis, but he has highlighted longstanding trade concerns in a subtle reminder of what Beijing wants in return for helping to bail out the euro zone.…
$1.6 billion in missing MF Global funds traced
Investigators probing the collapse of bankrupt brokerage MF Global said Tuesday that they have located the $1.6 billion in customer money that had gone missing from the firm.…
Another Big Chinese Retailer Posts Weak Earnings, Stock Falls 6%
Another influential Chinese retailer??has posted a drop in earnings, sending its shares yesterday??to the lowest close since it went public early last year. Shenzhen-listed Zhejiang Semir Garment, led by billioniaire Qiu Guanghe,?? said net profit in the three months to January fell by 39% from a year earlier to $25 million. Revenue at the mid- …
Feds to pay contractor execs up to $763,029
Congress has frozen the salaries of federal employees, but not the salaries of federal contractors.
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EU to Consider Formal Talks on Hungarian Loan
The European Commission is to consider Wednesday whether to start formal talks with Hungary on a precautionary loan package, after delaying negotiations amid disagreements about the independence of the country's central bank.…
The Global Dealmaking Slump Continues
Despite the headlines, global M&A activity continues to decline…
The Failure of the Euro Experiment in Two Charts
Greece outgrew Germany and enjoyed rock-bottom interest rates. Until the dream ended…
Nissan Hacked; Employee Credentials Stolen
Nissan Motor Company has announced that its network was recently hacked and the attackers are believed to have been after intellectual property for the company's electric vehicle drivetrain system.
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Social Security outlook worsens
The outlook has gone from bad to worse for Social Security. The trustee who oversees the program says it will run out of money by 2033. …
Earnings boost stocks
U.S. stocks were mostly higher Tuesday, as investors welcomed another batch of solid earnings results.…
Home prices lowest since 2002
Home prices hit new post-bubble lows in February, according to a report out Tuesday.…
Even the Tech-Savviest Struggle With Cloud-Based Business Models: Study
If you are still somewhat in the dark as to how to move forward with cloud computing, don?t feel so bad. Even high-tech companies are still fumbling their way along with the new cloud business model. Cloud computing offers an interesting value proposition to businesses of all stripes because it offers cheaper technology resources and …
New-home sales show a winter glow
While sales of new homes slowed in March, government figures for the previous two months were revised sharply higher Tuesday, pointing to a solid winter rebound in the housing market.…
European stocks regain composure
European shares recover slightly from Monday's sharp falls as investors shake off rising Spanish bond yields and worsening forecasts of Greek economic contraction.…
Wall Street edges up early; 3M, AT&T boost Dow
NEW YORK (Reuters) - Wall Street edged higher at the open on Tuesday although continued concerns about Europe's debt crisis capped gains as earnings from AT&T and 3M boosted the Dow.
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Cost of Spain's Housing Bust Could Force a Bailout
With a rising portion of Spain's $876 billion in home mortgages at risk of default, many economists say some of Spain's biggest banks will need a bailout.…
US car part makers consider expanding in Russia
U.S. car part manufacturers are considering investing in Russia ahead of the country's entry into the World Trade Organization this summer.
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UK biz pays heavy price for skimping on security - PwC
One in seven big firms penetrated by cybercrims
Infosec 2012 Hacking attacks against Blighty's top firms hit a record high according to figures for 2011..…
India, Pakistan Take Steps to Boost Trade
India and Pakistan have inaugurated a new trading post on the heavily militarized Attari-Wagah border between the two countries…
Japan Nears China as Biggest Treasury Holder
Both countries were net buyers of U.S. Treasurys in February. Among all foreign investors, net purchases of U.S. government notes and bonds slowed during the month.…
Blue-chips hold gains, but tech sector lags
U.S. stocks were mixed Monday, with blue-chips holding gains, as investors weighed mixed economic news, corporate earnings and renewed worries about Europe.…
High court rejects former Enron executive's latest appeal
The Supreme Court on Monday turned aside jailed Enron executive Jeff Skilling's second appeal, upholding his corporate corruption fraud conviction.
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Summit of Americas Meeting Ends Without Consensus Statement
Western Hemisphere nations failed to issue a consensus statement amid disagreements over whether to let Cuba join future summit meetings.…
Stocks: Europe remains in focus
U.S. stocks were set to open slightly higher Monday, as investors digest another round of earnings and the latest data on retail sales, with anxieties about Europe still looming.…
Steady growth in US retail sales
US retail sales grew at a faster-than-expected pace in March, raising hopes that the economy has not slowed as much as feared.…
Downgrades Loom for Europe's Banks
Banks are bracing for a wave of ratings downgrades in coming weeks that could intensify pressure on the industry and further undercut recent efforts to defuse the long-running crisis.…
Brazil Economic Growth Flattens; Will $35 Bln Stimulus Help?
Is this an emerging market anymore? Brazil economic growth anemic.…
Bernanke And The Lender-Of-Last-Resort At 100
In case you didn't realize it, we are bearing down on 2013-- the 100th anniversary of the Federal Reserve Bank. Whether Bernanke will continue to be at the Fed's helm-- a matter subject to the winner of the White House sweepstakes, as well as his own designs-- will impact financial markets.…
Stocks Climb On Better-Than-Expected Retail Sales Last Month
Retail sales increased 0.8% from a month ago, even as gas prices spiked and climbed near $4 a gallon…
Top Banker Calls for IMF Boost
Top ECB official Jörg Asmussen called on the rest of the world to pledge more money to the IMF's crisis war chest, a view expected to put Europe at odds with other regions at talks in Washington later this week.…
Analysis: No simple answer to EU growth vs austerity conundrum
PARIS (Reuters) - Fierce debate is growing in Europe over whether austerity or growth offers the best strategy to overcome the continent's sovereign debt crisis. As if it were that simple.
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South Africa raises World Bank concerns
Questions raised over transparency of system and openness of race to become the next head of the World Bank as US candidate takes lead…
U.S., China, Japan lead world in economic growth
The U.S., Japanese and Chinese economies have regained their momentum and are leading the world in growth, according to the latest report Tuesday from a global monitoring group.…
George W. Bush: I Wish They Weren't Called 'Bush Tax Cuts'
Former President George W. Bush spoke on fiscal policy on Tuesday, taking a jab at President Obama's tax plan and expressing a regret on his own cuts enacted during his first term."I don't think it's good for our country to undermine our president and I don't intend to do so," Bush clarified during his speech at the New York Historical Society for the George W. Bush Presidential Center's conference on "Tax Policies For 4% Growth." The Bush Institute is in the process of writing a book on how to achieve 4 percent growth in the private sector. It's an undertaking that he joked -- as he has before -- must be shocking to the cynics who "didn't think [he] could read, much less write a book."Bush then turned to tax policy, outlining a broad principle that he believes will help spur growth in the private sector
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Dow industrials off 152 points, led by B. of A.
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
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European Stocks Close Down Sharply
Wall Street was trending down again after four consecutive days of declines, while European stock markets fell by nearly 3 percent.…
IMF to Lower View on China's Trade
The IMF is poised to sharply cut its long-term forecast of China's current-account surplus, which would strengthen Beijing's defense against U.S. arguments that the yuan is "substantially undervalued."…
Bernanke says banks need bigger capital buffer
STONE MOUNTAIN, Georgia (Reuters) - Federal Reserve Chairman Ben Bernanke said on Monday banks need to have more capital at hand in order to ensure the financial system is stable.
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Study Claims ObamaCare Would Increase Deficit
Conservative economist says health care law will add billions to deficit, a claim the White House deniesVIDEO: $500M Set Aside to Enforce ObamaCare?
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Euro shares slide on growth fears
European stocks fall in early trading as investors are given their first chance after the Easter break to react to Friday's disappointing US jobs data.…
Weak trade data add to China growth concerns
Anaemic growth in exports and even slower imports provide fresh evidence of weakness in the world's second-largest economy…
Beans, Beans, Good For The Bulls
Soybean prices have been on a tear in recent months, testing a seven-month high on Monday. The CBOT May Soybean contract is in focus as it is trading at levels last seen in August 2011.…
Furniture Designer Fights Copying By Busting Up Some Chairs
For the most part, furniture designs can't be copyrighted. Just like fashion…
Taxpayers pay millions to mow lawns of foreclosed homes
Spinners and Winners American taxpayers own close to 200,000 vacant houses, and over the next year they will spend more than $40 million just to mow lawns at these properties.…
German exports rise in February
German exports rise for the second month in a row as firms expand in markets outside the eurozone.…
Greeks Rush to Pass Handouts Before Austerity
With elections looming, lawmakers are scrambling to push through costly amendments to bills intended to meet the demands of foreign creditors.…
Brazil's Rousseff Slams U.S. Monetary Policy
Brazilian President Dilma Rousseff told President Barack Obama that an expansive U.S. monetary policy, meant to drive growth at home, is potentially harming Brazil and other developing countries.…
Portugal's Banks Lean on ECB
The dependence of the Portuguese banking system on the ECB rose to a record high in March, as banks took advantage of easier borrowing conditions.…
Irish Economic Crisis Devours Restaurants
Eateries slash prices to draw penny-pinching diners amid a national plight that has reduced their ranks by a third.…
Bernanke says financial stability a work in progress
STONE MOUNTAIN, Georgia (Reuters) - The U.S. economy has yet to fully recover from the effects of the financial crisis, and regulators must continue to find new ways to strengthen the banking system, Federal Reserve Chairman Ben Bernanke said on Monday.
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AOL Sells Its Patents To Microsoft For $1 Billion: Microsoft Now Owns Netscape IP
Just a few weeks ago, we had mentioned reports that AOL was looking to sell its patents. Sometimes, those kinds of things take a while, and may even involve auctions and whatnot…
Lousy jobs report sends stocks lower
U.S. stocks closed sharply lower Monday, the first trading day following a disappointing jobs report last week.…
Sony to cut 10,000 jobs in quest for profitability
Top execs asked to hand back bonuses
Sony is planning a major restructuring, with around 10,000 jobs - about 6 per cent of the company's global workforce - expected to get the chop after a press conference this Thursday..…
China inflation rate edges higher
China's inflation rate jumps more-than-forecast in March as higher fuel costs push up consumer prices.…
Chinese Investment Pyramid Scheme Busted
"Largest ever" Chinese pyramid scheme busted over the weekend.…
Shares fall on sluggish U.S. jobs, focus on more data
Asian shares fell on Monday as a sharp slowdown in U.S. jobs growth raised concerns about the strength of the world's largest economy, making investors cautious ahead of more U.S. data and earnings as well as figures from China due this week. MSCI's broadest index of Asia Pacific shares outside Japan fell for a fourth straight session, down 0.3 percent, while Japan's Nikkei average opened down 1.3 percent, after posting its worst weekly loss in eight months last week. U.S. stock futures fell more than 1 percent and Treasuries prices rallied on Friday after data showed U.S. …
Gold Jewelers In India Go Back to Work
By Anuradha Raghunathan India's agitating jewelers called off their 21-day strike and opened up shop on Saturday, Apr. 7. Jewelers who met with the finance minister on Apr. 6 say that they are confident that the government will roll back the proposed 1% excise duty on unbranded jewelry. They were also hopeful that the move …
Real Estate Billionaire Tops New Forbes China Philanthropy List; Giving Drops
Billionaire real estate developer Hui Ka Yan topped the latest list of China's top philanthropists published by Forbes China, the licensed China-language edition of Forbes. Hui, chairman of Hong Kong-listed Evergrande Real Estate Group, gave 388 million yuan, or $62 million, to charity last year. ??He was followed by Chu Mang Yee, chairman of Hopson …
Silicon Valley is desperate for designers
In the Silicon Valley hierarchy, coders have always ruled the roost, but right now there's a different skill set on the industry's most-wanted list: designers.…
'London Whale' Rattles Debt Market
Hedge funds and others have been puzzled by unusual movements in some credit markets and buzzing about the identity of a trader dubbed "the London whale." That trader, according to people familiar with the matter, is with J.P. Morgan Chase.…
Toughest filing season in years goes into the final weeks...
As we approach mid-April, I am reflecting on what has made this the toughest filing season in a very long time...Has anyone thought about what tax simplification means lately? Complying with one's annual self-assessment of tax seems to get more difficult every year.…
Thursday Sector Leaders: Industrial Machinery & Equipment, Metals & Mining Stocks
In trading on Thursday, industrial machinery & equipment shares were relative leaders, up on…
Chill Damps German Industry
Unusually cold weather in February dampened German industrial output, official data showed, adding to signs the country has joined other euro-zone nations in recession.…
Italy's Labor Bill Faces Scrutiny
The Italian government has put the final touches on a proposed labor law overhaul aimed at boosting jobs, though domestic dissent over the bill is still running high.…
Zimbabwe targets foreign miners
Zimbabwe says it has taken majority ownership of foreign-owned mining firms.…
Food inflation back on agenda as prices rise
MILAN (Reuters) - Global food prices rose in March for a third successive month, driven by gains in grains and vegetable oils, the United Nations' Food and Agriculture Organization said on Thursday, putting food inflation firmly back on the economic agenda.
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China Stocks Rise on Push to Increase Investment
The Shanghai composite index gained 1.7 percent Thursday after a loosening of quotas on foreign capital that was announced Tuesday by Beijing.…
Markets Fear End of Stimulus
Fears that central banks may soon end efforts to support financial markets and fresh concerns about Europe drove down stock markets around the world.…
Alan Greenspan to Join Hedge Fund
Hedge fund manager John Paulson, who earned billions of dollars last year by betting against the housing market, said that former Federal Reserve board chairman Alan Greenspan will advise his firm.…
China to U.S.: Use Private Capital
China's national highway system now surpasses the U.S.' in length. The Chinese did it in a fraction of the time we took to build our Interstate Highway System that started back in 1956. The quality of their roads is top-notch. How did they do it? The answers are of immediate relevance to our cash-strapped governments …
Russian Capital Flight Continues
Cash continued to flee Russia in the first quarter of 2012, as the country saw $35.1 billion of capital outflows despite rising oil prices and a strong ruble.…
Worst day in a month for U.S. stocks
Dow Jones Industrial average closes down 125 points, the index's biggest loss since early March
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Obama signs ban on insider trading by Congress
Surrounded by a group of bipartisan lawmakers, President Obama today signed the Stop Trading on Congressional Knowledge Act, banning insider trading on Capitol Hill. "The idea that everybody plays by the same rules is one of our most cherished American values," the president said at…
WTO Ruling Is Blow to U.S. Anti-Smoking Effort
A World Trade Organization appeals panel Wednesday upheld an earlier decision that a U.S. ban on clove cigarettes discriminates against Indonesia, dealing a blow to the Obama administration's efforts to prevent youth from smoking.…
Researchers predict 'global economic collapse' by 2030
A new study from researchers at Jay W. Forrester's institute at MIT says that the world could suffer from "global economic collapse" and "precipitous population decline" if people continue to consume the world's resources at the current pace. Smithsonian Magazine writes that Australian physicist Graham Turner says "the world is on track for disaster" and …
Chinese Premier Blasts Banks
Chinese Premier Wen told a national audience that China's state-controlled banks are a "monopoly" that must be broken up.…
ECB Leaves Key Rate Unchanged
The European Central Bank left its main interest rate unchanged for the fourth straight month, pursuing its tough balancing act between taming stubbornly high inflation and supporting the still-weak euro-zone economy.…
Impact of Iran Sanctions Widens
Leading oil companies in South Africa and Greece suspended imports of the country's crude oil, further signs of emergency self-reliance emerging in Iran.…
Factoring Holds Strong as Study Shows Small Business Lending Is Unchanged - Marketwatch
This report shows that lending was virtually unchanged in March for the second month and that small business growth is slowing. IFG believes that this news reinforces the need for small businesses to deploy factoring services in order to survive …
Federal Reserve tones down talk of more stimulus
WASHINGTON (Reuters) - Federal Reserve policymakers have backed away from the need for another round of monetary stimulus as the U.S. economy gradually improves.
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Obama attacks GOP budget proposal
President Barack Obama launched a major assault Tuesday on the House-passed Republican budget proposal embraced by front-running GOP presidential candidate Mitt Romney, calling it "social Darwinism" that would stifle the American dream.
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China's Wen says bank monopoly must be broken: state media
(Reuters) - China's state banks make money "too easily" and their monopoly on financial services has to be broken if cash-starved private enterprises are to get access to capital when they need it, state media cited Premier Wen Jiabao as saying on Tuesday.
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Fed stays concerned over growth
The US central bank is concerned that the gains in employment recently will dissipate if growth does not pick up…
Overtime Hours Point to Manufacturing Recession
A drop in factory overtime hours to the lowest level since 2002 does not bode well for the manufacturing sector and has led many to expect widespread job cuts and a recession-plagued economy…
Weak Retail Sales Fuel Recession Fears
Retail sales fell unexpectedly in December to close out the weakest year at the cash register since 2002, the strongest signal yet that the economy may be sliding into recession under the weight of a housing and credit crisis…
Fed Slashes Interest Rates
The U.S. Federal Reserve slashed interest rates by a hefty three-quarters of a percentage point, the biggest rate cut in more than 23 years, in an emergency bid to lend support to a U.S. economy some fear is on the verge of recession…
Spain Jobless Claims Continue to Rise
Spain continued to shed jobs in March, albeit at a slower pace than February's decline, providing new evidence that the economy's turn toward contraction is weighing on the labor market…
Euro-Zone Data Hint at Easing Inflation
The prices charged by euro-zone factories for their goods rose in February at the slowest rate in a year and a half, suggesting inflationary pressures are easing in the 17-nation currency bloc…
Chinese Applicants Flood U.S. Graduate Schools
More than ever, Chinese students have their sights set on U.S. graduate schools. Application volume from China for U.S. master's and doctoral programs starting this fall is up 18%…
Signs of UK economy 'improving'
The UK economy has shown a few signs of improvement in the first three months of this year but is still weak, the British Chambers of Commerce says…
Optical Delusion? Fiber Booms, Despite Bust
Skyrocketing Internet video traffic, ever-faster financial trading connections and soaring mobile phone use is driving demand for more fiber-optic cable…
EU to Investigate Motorola Patents
The European Union's antitrust watchdog has opened two investigations into the way Motorola Mobility licenses patents following complaints from Apple and Microsoft, the European Commission said…
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