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Fed’s Bullard: Break up JP Morgan, big banks

Posted: May 17th, 2012 | Author: | Filed under: International Finance | Comments Off

Another Federal Reserve policymaker o n Thursday called for the break-up of big banks like JPMorgan Chase & Co, saying that firm's recent large trading loss underscores the difficulty of regulating such ...

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Dow average heads for its 11th loss in 12 days

Posted: May 17th, 2012 | Author: | Filed under: U.S. Markets | Comments Off

Dow average heads for its 11th loss in 12 daysThe Dow Jones industrial average is heading for its 11th loss in 12 days after a pair of discouraging economic reports and as investors worried about Greece's possible exit from euro.The Dow fell 130 points ...

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Dealers saw asset buys most likely Fed tool: survey

Posted: May 17th, 2012 | Author: | Filed under: International Finance | Comments Off

Primary dealers saw asset purchases as the most likely policy tool the Federal Reserve would use to give the economy another boost, according to a survey done by the Fed last month. The Federal Reserve ...

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Senate confirms investment banker Powell to Fed

Posted: May 17th, 2012 | Author: | Filed under: International Finance | Comments Off

The Senate confirmed investment banker Jerome Powell to the Federal Reserve Board, the second of two nominees approved by lawmakers on Thursday. The confirmation of Powell by a vote of 74 to 21 and of ...

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Facebook Frenzy Squeezes Main Street Investors Out of IPO

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off Despite an increase in the number of shares being sold, Facebook shares are getting snatched up as fast as they can be printed The Source Article

Richmond, Calif. Puts Soda Tax on November Ballot

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off Voters in the San Francisco Bay area city of Richmond will have a chance to vote on a proposal to tax soda and other sugary beverages. The Source Article

Vermont Becomes First State to Ban Hydraulic Fracturing

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off Vermont Gov. Peter Shumlin on Wednesday signed into law the nation's first ban on hydraulic fracturing. The Source Article

Wal-Mart Concedes Bribery Case May Widen

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off The scope of an investigation into foreign bribery issues seemed to have widened at the retailer, which reported higher-than-expected first-quarter earnings. The Source Article

JPMorgan’s Trading Loss Said to Top $3 Billion

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off The deterioration of the bank's position accelerated in the last four trading days as investors took advantage of its distress. The Source Article

Spotify Raising Millions in Deal That Would Value It at $4 Billion

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off The lofty valuation for a service that expanded into the United States only last year underscores how fast the online music start-up, built on top of Facebook's social network, has grown. The Source Article

Iran Likely to Get Nukes Despite Sanctions

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off Ian Bremmer, president of Eurasia Group, believes Iran will likely develop "a nuclear program with breakout capacity that everybody knows about and that we deal with." The Source Article

Sears Spins Off Canada Stake to Focus on US Stores

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off Sears Holdings returned to a profit in the first quarter as it benefitted from a gain on the sale of underperforming stores. The Source Article

Stocks Fall as Europe Overshadows Jobs Data

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off Stocks are slipping in early trading as unease over Europe overshadows an encouraging U.S. employment report and good results from big retailers including Wal-Mart. The Source Article

Euro, stocks drop on latest euro zone fears

Posted: May 17th, 2012 | Author: | Filed under: Currencies | Comments Off

Euro, stocks drop on latest euro zone fearsThe euro and world stocks declined on Thursday on concerns about the health of Spain's banks and the prospect of Greece leaving the euro zone. On Wall Street stocks fell after a government report showing ...

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Canadian Dollar Breakout To Gather Pace

Posted: May 17th, 2012 | Author: | Filed under: Currencies | Comments Off

Canadian Dollar Breakout To Gather Pace

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British Pound Targets Lows versus Japanese Yen

Posted: May 17th, 2012 | Author: | Filed under: Currencies | Comments Off

British Pound Targets Lows versus Japanese Yen

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British Pound Searches For Support

Posted: May 17th, 2012 | Author: | Filed under: Currencies | Comments Off

British Pound Searches For Support

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Stocks fall on Europe, worrisome economic reports

Posted: May 17th, 2012 | Author: | Filed under: U.S. Markets | Comments Off

Stocks fall on Europe, worrisome economic reportsStocks slipped Thursday after a couple of downbeat economic reports from the U.S. and unease over Europe overshadowed positive earnings from the largest American retailer and an encouraging jobs report.The ...

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Senate confirms Obama’s nominees to Federal Reserve Board

Posted: May 17th, 2012 | Author: | Filed under: International Finance | Comments Off

Senate confirms Obama's nominees to Federal Reserve Board

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S&P on track for 5th straight day of losses

Posted: May 17th, 2012 | Author: | Filed under: U.S. Markets | Comments Off

S&P on track for 5th straight day of lossesStocks fell on Thursday, with the S&P on track for a fifth straight day of declines as weak economic data spooked investors already concerned about the ongoing situation in Europe. Both the S&P and the ...

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Eurozone concerns drag markets lower

Posted: May 17th, 2012 | Author: | Filed under: Currencies | Comments Off

Eurozone concerns drag markets lowerFears surrounding the stability of the 17-country eurozone — particularly the state of Spain's financial system and whether Greece might be forced out of the single currency union — pushed global markets ...

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USD Falls as Leading Indicators and Philly Fed Index Unexpectedly Plummeted

Posted: May 17th, 2012 | Author: | Filed under: International Finance | Comments Off

USD Falls as Leading Indicators and Philly Fed Index Unexpectedly Plummeted

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UK’s Cameron urges action to resolve euro crisis

Posted: May 17th, 2012 | Author: | Filed under: Currencies | Comments Off

British Prime Minister David Cameron on Thursday urged Europe to sort out its currency crisis, calling on the 17-country eurozone "to make-up or it is looking at a potential break-up.""Either ...

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European Central Bank and European Leadership Need to Step Up Now

Posted: May 17th, 2012 | Author: | Filed under: Currencies | Comments Off

European Central Bank and European Leadership Need to Step Up Now

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Ahead of Facebook IPO, a Skeptical Madison Ave.

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off Facebook is facing fresh concerns over its ability to attract enough advertising revenue. Will the social network reach its advertising potential? The Source Article

India’s Gold Demand Plummets 29%

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off China remained the world's top gold consumer, with demand up 10% to 255.2 tons, beating India's 207.6 tons, which was a 29% decline on the year. The Source Article

World Stocks Mixed as Investors Show Caution

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off Asian stocks eked out gains Thursday as traders hunted for bargains, but markets in Europe fell amid intensifying fears of a messy exit by Greece from the euro. The Source Article

Selling Stores Returns Sears Holdings to Profitability

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off Sears Holdings returned to a first-quarter profit, benefiting from a gain on the sale of some stores. The Source Article

Foreclosures Plunge to Five-Year Low in U.S. Recovery

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off Foreclosure filings in the U.S. fell to a five-year low last month as lenders sought to avoid seizing property and a housing recovery showed signs of taking hold. The Source Article

Pinterest Raises $100 Million in Funding

Posted: May 17th, 2012 | Author: | Filed under: Most Popular | Comments Off Japan-based online retailing giant Rakuten is leading the latest $100 million round of funding in U.S. social networking site Pinterest. The Source Article