China official manufacturing PMI rises to 51 in August

samedi 31 août 2013

An employee works inside a silk factory in Neijiang Growth in China's manufacturing sector picked up further in August, with the official purchasing managers' index rising to 51 from July's 50.3, better than expectations and further evidence of a stabilization ...








via Business News http://finance.yahoo.com/news/china-official-manufacturing-pmi-rises-011610236.html

Verizon nears $130 billion wireless deal, to finance about $65 billion: sources

Sign of Verizon Wireless is seen at its store in Westminster The boards of Verizon Communications and Vodafone Group Plc are expected to vote this weekend on a $130 billion transaction, funded by about $65 billion of debt, to give the U.S. telecom giant complete ...








via Business News http://finance.yahoo.com/news/verizon-nears-130-billion-wireless-001551108.html

Are Short Sellers Wrong Again? Joy Global’s Value

Bets against Joy Global (NYSE:JOY), the smaller rival to Caterpillar (NYSE:CAT) have spiked of late. Short interest in the mining equipment and servicing firm has more than tripled in 2013. As a percentage ...



via Business News http://finance.yahoo.com/news/short-sellers-wrong-again-joy-143003358.html

Americans Think They Earn More Than They Do

x-talk income inequality Nearly 60% of Americans say they’re earning more money now than they were five years ago, according to a new Gallup poll. But the most reliable data show that incomes have been falling, not rising.








via Business News http://finance.yahoo.com/blogs/the-exchange/americans-think-earn-more-162329979.html

Apple’s Late Entry to Music Streaming Could Still Outplay the Field

Apple iTunes Radio The streaming music business is bracing for the entry of a brand-new player — but one that may become an instant giant.








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Wall Street Lower in Volatile Trade After Kerry Speaks on Syria

A street sign stands outside of the New York Stock Exchange U.S. stocks extended losses on Friday as U.S. Secretary of State John Kerry said the U.S. is not alone in its will to act following the Syrian chemical weapons attack.








via Business News http://finance.yahoo.com/news/wall-street-open-flat-data-131328958.html

Verizon nears $130 billion wireless deal, to finance about $65 billion: sources

Sign of Verizon Wireless is seen at its store in Westminster Verizon Communications is near a $130 billion deal to buy out the 45 percent stake in Verizon Wireless it does not already own from Vodafone Group Plc and plans to raise about $65 billion to fund the purchase, ...








via Business News http://finance.yahoo.com/news/verizon-nears-130-billion-wireless-230954359.html

‘Housing Bubble’ Deflated By Rising Rates

Average US rate on 30-year mortgage at 4.58 pct. As home loan applications slide and mortgage rates rise, the housing recovery is showing its age.








via Business News http://finance.yahoo.com/blogs/daily-ticker/housing-bubble-deflated-rising-rates-162908271.html

Secrets of the World’s Best Amusement Park

This Labor Day weekend marks the unofficial end of summer and millions of Americans will take to the beaches and lakes across the country. Many more will flood the gates of the country's many amusement parks. Among those parks is one sitting on a spit of land on Lake Erie. For the last 15 years, [...]



via Business News http://finance.yahoo.com/blogs/breakout/secrets-world-best-amusement-park-162737569.html

Ford recalls 370,000 Lincoln, Mercury, and Ford sedans

Ford Motor Co is recalling about 370,000 model year 2005 to 2011 Ford Crown Victoria, Mercury Grand Marquis and Lincoln Town Car sedans in the United States and Canada to fix a steering shaft issue, the ...



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The Marilyn Monroe, Michael Jackson Business Advantage Miley Lacks

Though Marilyn Monroe passed away in 1962, she still has an advantage over today’s starlets like Miley Cyrus when it comes to her career. Yes, even postmortem. And we use Cyrus as an example because everyone is still talking about her weird, cringe-worthy, twerk-tastic VMA performance. Cyrus’ unexpected performance – similar to a Lindsay Lohan [...]



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McDonald’s Strikes: A Sign the Labor Movement Is Staging a Comeback?

Fast Foods Protests Labor organizer Kendall Fells who led striking workers in New York City during Thursday’s nationwide one-day strike of fast food workers, says it looks like the labor movement is getting a 'second wind.'








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RadioShack Is Cleaning Up Its Stores in Bid to Revive Sales

RadioShack 2Q loss widens, CFO leaves Prototype stores have a cleaner look, a change from the tangled collection of cables, cords, adapters, and batteries that most customers associate with RadioShack.








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Japan panel backs sales tax hike coupled with stimulus

Japan's PM Abe speaks during a news conference in Doha Japan's government won backing for a controversial decision to raise the national sales tax in 2014 after influential members of a special advisory panel said the step would not threaten economic recovery ...








via Business News http://finance.yahoo.com/news/japan-panel-backs-sales-tax-113645498.html

ECB's Coeure says bank eyeing money market rates closely: paper

Benoit Coeure, executive board member of the European Central Bank (ECB) poses for a photo after an interview with Reuters in Frankfurt The European Central Bank is closely watching money market rates and will make sure they don't rise too far, ECB policymaker Benoit Coeure said in an interview in a Swedish newspaper published on Saturday. ...








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Wall Street Week Ahead: Jobs data could spur Fed action on stimulus

vendredi 30 août 2013

Traders work on the floor of the New York Stock Exchange Wall Street is bracing for a wave of economic reports next week, including the August jobs report, which might prove decisive in determining whether the economy is strong enough for the Federal Reserve ...








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Pentagon insists it is open to foreign investment in the U.S.

An aerial view of the Pentagon building in Washington, June 15, 2005. [U.S. Defense Secretary Donald.. The Pentagon is taking a harder look at proposed foreign acquisitions of U.S. companies given the increasing financial complexity of such deals, but continues to encourage foreign investment, a top U.S. ...








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Justice Department talks with Microsoft and Google stall

Google signage seen at the company's headquarters in New York The U.S. Department of Justice's talks with Microsoft Corp and Google Inc have hit a wall as the government pushes back at the tech companies' demand for the ability to disclose the now-secret data requests ...








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Summer Wrap-Up: Market Volatility Will Continue Into Fall Says Smith

A Wall Street sign is seen in front of the New York Stock Exchange in New York's financial district "A return to volatility" could be the stand-out theme of the season gone by.








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American Airlines and US Air Merger Will Be Approved: Najarian

An American Airlines jet takes off while U.S. Airways jets are lined up at Reagan National Airport in Washington American and US Air will likely be allowed to merge, albeit with major concessions, says Jon Najarian of OptionMonster.








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Outdoor Enthusiasts Flock to Cabela’s, Investors Follow

A customer looks through the in-store sales advertisements inside a Cabela's store on the shopping day dubbed "Black Friday" in Fort Worth Americans love the outdoors so much that, even when indoors, they spend huge expanses of time and forests of money celebrating leisure time in the wild.








via Business News http://finance.yahoo.com/blogs/michael-santoli/outdoor-enthusiasts-flock-cabela-investors-150510580.html

Wall Street Week Ahead: Jobs data could spur Fed action on stimulus

Traders work on the floor of the New York Stock Exchange Wall Street is bracing for a wave of economic reports next week, including the August jobs report, which might prove decisive in determining whether the economy is strong enough for the Federal Reserve ...








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Delta, Virgin Atlantic receive tentative antitrust immunity for alliance

Delta Air Lines Inc and Virgin Atlantic Airways Ltd are on track to receive immunity from U.S. antitrust laws to operate a planned trans-Atlantic joint venture. In a filing on Friday, the U.S. Department ...



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U.S. Consumer Sentiment Slips in August

Women walk through a shopping mall in San Francisco U.S. consumer sentiment retreated in August from last month's six-year high, though Americans were slightly more upbeat in their outlook than earlier in the month, a survey released on Friday showed.








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Credit union regulator sues Morgan Stanley over mortgage losses

The headquarters of Morgan Stanley is pictured in New York Morgan Stanley is being sued by a U.S. credit union regulator to recover losses on more than $566 million of residential mortgage-backed securities sold to two corporate credit unions that later failed. ...








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Exclusive: U.S. pension funds press Caesars' private equity owners

File photo of Loveman, chairman, president and chief executive of Caesars Entertainment Corp., speaking at the Milken Institute Global Conference in Beverly Hills Some U.S. public pension funds are pressuring TPG Capital LP and Apollo Global Management LLC to share more of the fees they withdraw from loss-making casino operator Caesars Entertainment Corp, in a rare ...








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Global Investors Boost Euro Zone Assets, Cut Asia Stocks: Poll

Global investors lifted their holdings of euro zone assets to the highest in more than a year this month while trimming exposure to Asian equities during a rout of emerging market assets, Reuters polls ...



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Weak spending, inflation data point to soft U.S. economy

A customer shops at a Walmart Supercenter in Rogers U.S. consumer spending barely rose and inflation was tame in July, offering a cautionary note on the economy as the Federal Reserve weighs cutting back its massive bond-buying program. Spending, which ...








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5 Reasons the Fed Will Not Taper in September: Rupkey

Bernanke testifies on Capitol Hill in Washington Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi, isn’t so sure a September tapering is baked in just yet. Here's why.








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Emerging Markets Planning Joint Offshore FX Intervention: Official

A man exchanging damaged currency counts 100 rupee notes along a roadside in Kolkata August 30, 2013. REUTERS/Rupak De Chowdhuri \ndia is liaising with other emerging-economy countries on a plan to co-ordinate intervention in offshore currency markets blamed for fuelling a currency rout over the past three months, a senior Indian finance ministry official said on Friday.








via Business News http://finance.yahoo.com/news/exclusive-emerging-markets-planning-joint-offshore-fx-intervention-114519868--finance.html

Burger Giants Roll Out Remodels, but Are You Noticing?

A McDonald's restaurant sign is seen at a McDonald's restaurant in Del Mar, California The biggest fast food burger chains in the U.S. are eager to fight sluggish sales trends and the perception that they're downscale shops serving nutritionally deficient or bland fare. But the battle for a better reputation isn't just about the … Continue reading →








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Wall Street falls, ends worst month since May 2012

Traders work on the floor of the New York Stock Exchange U.S. stocks fell in a thinly traded session on Friday as the S&P 500 index recorded its steepest decline since May 2012 and investors avoided making large bets before a long weekend with the situation ...








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Analysis: Carlos Slim's Dutch woes test appetite for European expansion

Mexican billionaire Carlos Slim looks on before he gives a speech at Mexico's school of engineers during an event to mark the 50th anniversary of his engineering degree, in Mexico City Billionaire Mexican businessman Carlos Slim is facing an unfamiliar challenge as he seeks to steer his flagship phone company America Movil into Europe - dissent. A surprise move by a Dutch foundation ...








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Hundreds of Fosamax lawsuits versus Merck ordered readied for trial

A federal judge overseeing consolidated litigation against Merck & Co over jaw injuries allegedly caused by the osteoporosis drug Fosamax has ordered hundreds of cases be dispersed to courts across the ...



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Perry ups ownership stake in J.C. Penney to 8.6 percent

Hedge fund manager Richard Perry, already a big owner in J.C. Penney Co Inc , bought additional shares in the retailer on Friday, according to a regulatory filing made just days after the largest investor ...



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Regulators agree on global swap rules ahead of G20 summit

Finance watchdogs on Friday laid out joint rules for the $630 trillion derivatives industry that was at the core of the 2007-09 credit meltdown, in a report to the G20 most powerful economies of the world. ...



via Business News http://finance.yahoo.com/news/regulators-agree-global-swap-rules-203228227.html

Vodafone investors split on best use of Verizon windfall

The Vodafone logo is seen at the counter of the shop as customers look at mobile phones in Prague Top investors in Vodafone Group are set to clash over what the company should do with perhaps as much as $130 billion in proceeds from the sale of its stake in Verizon Wireless, which is expected to be ...








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Microsoft Gives ValueAct President Option to Join Board

The Microsoft logo is seen at their offices in Bucharest Microsoft Corp said on Friday it has offered a board seat to the president of ValueAct Capital Management, the activist fund manager that had pressed for representation on the software company after taking ...








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Euro Zone Morale Climbs in Shadow of Record Ynemployment

Women look at cosmetic products in a Duty Free store at the Fraport airport in Frankfurt Optimism in the euro zone's economy improved sharply in August but stubbornly high unemployment, in particular in the bloc's weaker countries, highlighted the fissure separating the recovering north from the struggling south.








via Business News http://finance.yahoo.com/news/euro-zone-morale-climbs-shadow-record-unemployment-092600063--business.html

Regulators agree on global swap rules ahead of G20 summit

Finance ministers from Germany, Britain, Russia, France and OECD secretary-general attend a news conference, part of the G20 finance ministers and central bank governors' meeting, in Moscow Finance watchdogs on Friday laid out joint rules for the $630 trillion derivatives industry that was at the core of the 2007-09 credit meltdown, in a report to the 20 most powerful economies of the world.








via Business News http://finance.yahoo.com/news/regulators-agree-global-swap-rules-ahead-g20-summit-203228614--finance.html

Losses Stalk Bond Investors in August as Europe's Economy Grows

Corporate bondholders in Europe forfeited 0.2 percent in August, the fourth month of losses in a year that's poised to generate the worst returns since 2008. Investment-grade debt in euros is returning ...



via Business News http://finance.yahoo.com/news/losses-stalk-bond-investors-august-072922023.html

The Jobs That Could Save the Middle Class

Electrician - Average salary: $53,000 If you’re a teacher or electrician, there’s a lot riding on your shoulders. The U.S. economy has stagnated because there aren’t as many well-paying middle-class jobs as there used to be.








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Shutdown at Nasdaq Is Traced to Software

Sede da Nasdaq, em Nova York The Nasdaq OMX Group attributed last week’s three-hour trading halt a surge of data that overwhelmed its server, in the stock market operator’s most detailed accounting yet of the market outage.








via Business News http://finance.yahoo.com/news/shutdown-nasdaq-traced-software-191402317.html

JPMorgan Hiring Put China’s Elite on an Easy Track

A sign stands in front of the JPMorgan Chase & Co bank headquarters building in New York A hiring program intended to weed out nepotism in the bank’s China operations instead has led to a federal bribery investigation in the United States, interviews and a government document show.








via Business News http://finance.yahoo.com/news/jpmorgan-hiring-put-china-elite-020018487.html

Health Exchange Board Delays Vote on Plans Again

The board for the state health exchange on Thursday once again delayed a vote on approval of 31 plans proposed to be part of the system.



via Business News http://finance.yahoo.com/news/health-exchange-board-delays-vote-105941525.html

Wall Street Falls, Heading for Worst Month Since May 2012

Traders work on the floor of the New York Stock Exchange U.S. stocks dipped in weak volume on Friday, with the S&P 500 on track for its worst month since May 2012 as investors held off making large bets before a long weekend with the situation in Syria still uncertain.








via Business News http://finance.yahoo.com/news/futures-rise-syria-strike-seen-hold-114120210--finance.html

Some IPOs Aim for Small Investors

Facebook Inc. makes it easy for the social network's 1.16 billion users to "like" funny photos, snarky comments and their favorite products. Next on the list: initial public offerings. Getty ...



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Can You Trust Online-Only Banks?

online banking With low interest rates making it a difficult time for savers, opting for one of their branchless counterparts can seem pretty appealing.








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DOJ Green Light for Wash., Colo. Pot Reformers

DOJ green light for Wash., Colo. pot reformers For generations, pot crusaders have called for an end to the nation's prohibition of marijuana, citing everything from what they say are the government's exaggerated claims about its dangers to the racial ...








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Italy's Banca Marche put under special administration

Italian lender Banca Marche has been placed under special administration by the Bank of Italy, becoming the biggest casualty so far of an extended round of balance sheet inspections by the central bank. ...



via Business News http://finance.yahoo.com/news/italys-banca-marche-put-under-185617919.html

Apple rolls out iPhone trade-in program in U.S. stores

iPhone 5 models are pictured on display at an Apple Store in Pasadena, California Apple Inc has launched a trade-in program in its U.S. retail stores for older models of its iPhone as it gears up for the launch of a new version of the smartphone, it said on Friday. Apple will give customers ...








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America Movil threatens to abandon KPN takeover bid

America Movil threatened to abandon its 7.2 billion euro bid for Dutch telecommunications group KPN on Friday after a company foundation told the Mexican firm to make a better offer or it would veto the ...



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Ansaldo Breda says ready for legal action over rail deal

Train manufacturer Ansaldo Breda, a unit of Italian defence company Finmeccanica , said it was ready to take legal action against Dutch railways group Nederlandse Spoorwegen for cancelling a 300 million ...



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India not headed back to 1991 crisis: Manmohan Singh

India's PM Singh speaks during the meeting of the 57th NDC in New Delhi India is not facing a repeat of the 1991 balance of payments crisis and fears that economic growth will slip to as low as 3 percent are unfounded, Prime Minister Manmohan Singh said. "There is no ...








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Wall Street rises on economy, but Syria concerns limit gains

Traders work on the floor of the New York Stock Exchange U.S. stocks closed modestly higher on Thursday as the economy showed signs of improvement, but uncertainty over possible military action against Syria continued to pressure markets. Talks that could lead ...








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Why You Should Sell Gold as Soon as Missiles Fly in Syria: Najarian

An employee of Tanaka Kikinzoku Jewerly K.K. displays a gold bar at the company's store in Tokyo 'Gold was severely oversold at the end of Q2 (but), I believe it's getting overbought at this point,' says optionMONSTER's Jon Najarian.








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Bonds Will Bounce Back: Pimco

Bonds Will Bounce Back, Despite the Financial Media “Sullying Sentiment” Says Pimco Behold the power of the financial media! In a new blog posting 'Inflection Points: Why Demand for Bonds Will Rebound' on Pimco's website, COO Douglas Hodge argues that the media are in part to blame for the recent rush out of bonds.








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Swiss economic recovery to pick up speed in near future

Supervisor Agosta explains a system to apprentices Garcia and Ramadoni on a packaging line in the Nescafe production facility in Orbe Switzerland's economy will gain momentum in the coming months, buoyed in part by an improvement in business sentiment in surrounding euro zone countries, the leading Swiss indicator suggested on Friday. ...








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Economy Without QE May Not Look Much Different, Here’s Why

ARCHIVO - Foto de archivo, 17 de julio de 2013, del presidente de la Reserva Federaal, Ben Bernanke. Ahora que la Fed se apresta a cerrar el chorro de fondos al sistema financiero a medida que mejora la economía, es hora de protegerse el bolsillo, evitar en lo posible las tarjetas de crédito y buscar sistemas de financiación alternativos, ya que las tasas de interés empezarán a subir. (AP Foto/Charles Dharapak) The debate over when and how the Fed will taper is likely to continue until it actually begins. But what happens after the Fed starts weaning markets and the economy off of all that QE?








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L'Oreal could sell Sanofi stake to fund acquisitions: CEO

A logo is seen over the entrance of Cosmetics company L'Oreal building in Paris L'Oreal Chief Executive Jean-Paul Agon reiterated on Friday that the cosmetics group could sell its stake in drugmaker Sanofi to help fund acquisitions. "The cash is there to use," he said. "We ...








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Analysis: Mall developers feel the pull of Africa's consumer boom

A shopper pushes a trolley of groceries at the Makro branch of South African retailer Massmart in Johannesburg When Wal-Mart Stores , the world's top retailer, bought control of major South African discount chain Massmart Holdings in 2011, American shopping mall developer Irwin Barkan had an epiphany. An industry ...








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Zurich says looking at whether undue pressure placed on CFO

The logo of Zurich Insurance Group is seen at the company's headquarters in Zurich Zurich Insurance Group said its board will look into whether undue pressure was placed on its finance chief ahead of his apparent suicide, the company's acting chairman said on Friday. "The board ...








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BoE's Carney says uncertainty about RBS' future must end

A man uses a cashpoint machine outside a branch of the Royal Bank of Scotland in the City of London Britain should end uncertainty over long-term plans for state-controlled Royal Bank of Scotland , Bank of England Governor Mark Carney said in a newspaper interview. Carney also told the Daily Mail it ...








via Business News http://finance.yahoo.com/news/boes-carney-says-uncertainty-rbs-072029948.html

ECB's Nowotny says don't expect rate rise for some time

Sun glints off facade of new headquarters of ECB which is under construction in Frankfurt Financial markets should not expect the European Central Bank to raise interest rates for the foreseeable future as long as expectations for inflation remain steady, ECB policymaker Ewald Nowotny said. ...








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Insight: Batista's Brazilian empire was sunk by more than hubris

Brazilian Eike Batista, Chairman and CEO, EBX Group speaksat the Milken Institute Global Conference in Beverly Hills Fifteen months ago, OGX Petróleo chief executive Paulo Mendonça was confident that the company he led was on track to become a major independent oil producer, an anchor for Eike Batista's vast Brazilian ...








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