Provides the latest RSS feeds for Breaking Financial Markets News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Herald Globe.com http://www.heraldglobe.com/index.php/cat/45419e6f687dd329/ en-us Thu, 23 May 2013 05:18:34 -0400 Thu, 23 May 2013 05:18:34 -0400 30 Beijing, May 22 (Xinhua-ANI): The U.S. dollar advanced against most major currencies on Tuesday, but weakened against the euro after a U.S. Federal Reserve official indicated that the central bank may not taper its bond-purchasing program soon. St. Louis Federal Reserve Bank President James Bullard said at an event in Frankfurt that the Fed should continue with the quantitative easing to boost ... http://www.heraldglobe.com/index.php/sid/214685516/scat/45419e6f687dd329 Wed, 22 May 2013 06:50:03 -0400 http://www.heraldglobe.com/index.php/sid/214685516/scat/45419e6f687dd329 James Hardie expects no major improvement in the housing market this year but says the sector has now stabilised after recent interest rate cuts.Chief executive Louis Gries says the building products maker expects the housing market to be flat to slightly higher."The operating environment in Australia is likely to remain relatively subdued and the company is not anticipating any substantial ... http://www.heraldglobe.com/index.php/sid/214708783/scat/45419e6f687dd329 Thu, 23 May 2013 03:03:57 -0400 http://www.heraldglobe.com/index.php/sid/214708783/scat/45419e6f687dd329 Stocks to watch on the Australian stock exchange at close on Thursday:AAC - AUSTRALIAN AGRICULTURAL COMPANY LTD - down one cent at $1.10Cattle farmer Australian Agricultural Company (AACo) is continuing to negotiate the sale of a major piece of land in Queensland after it was passed in at auction.BTU - BATHURST RESOURCES LTD - steady at 17.5 centsConservation group Forest & Bird and the ... http://www.heraldglobe.com/index.php/sid/214708784/scat/45419e6f687dd329 Thu, 23 May 2013 03:03:54 -0400 http://www.heraldglobe.com/index.php/sid/214708784/scat/45419e6f687dd329 The Australian share market has closed sharply lower amid concerns about the outlook for Chinese growth.At the close on Thursday, the benchmark S&P/ASX200 index was down 103 points, or 1.99 per cent, at 5,062.4 points, while the broader All Ordinaries index was 101.3 points, or 1.97 per cent, weaker at 5,040.8.On the ASX 24, the June share price index futures contract was 99 points lower at ... http://www.heraldglobe.com/index.php/sid/214708785/scat/45419e6f687dd329 Thu, 23 May 2013 03:03:52 -0400 http://www.heraldglobe.com/index.php/sid/214708785/scat/45419e6f687dd329 Asian investors scrambled for the sidelines and the Australian sharemarket slumped deep into the red today after US Federal Reserve Board meeting minutes revealed increasing willingness to taper quantitative easing as well as mounting concerns asset markets were "too buoyant".The S&P/ASX opened one per cent down as the major banks were hammered, but selling accelerated to include ... http://www.heraldglobe.com/index.php/sid/214708786/scat/45419e6f687dd329 Thu, 23 May 2013 03:03:49 -0400 http://www.heraldglobe.com/index.php/sid/214708786/scat/45419e6f687dd329 LOS ANGELES (MarketWatch) -- Weak Chinese manufacturing data and a drop in Asian stocks helped send oil futures lower in electronic trade ... http://www.heraldglobe.com/index.php/sid/214708140/scat/45419e6f687dd329 Thu, 23 May 2013 02:56:35 -0400 http://www.heraldglobe.com/index.php/sid/214708140/scat/45419e6f687dd329 NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is at least 60-minutes delayed. All quotes are in local exchange ... http://www.heraldglobe.com/index.php/sid/214708787/scat/45419e6f687dd329 Thu, 23 May 2013 02:35:20 -0400 http://www.heraldglobe.com/index.php/sid/214708787/scat/45419e6f687dd329 FRANKFURT (Reuters) - German chip equipment maker Aixtron is cutting more than 20 percent of its staff in Germany in response to weak demand for its products.The group, which last month reported a wider than expected operating loss for the first quarter, said in a statement ahead of its annual shareholders meeting on Thursday that the decision was "inevitable, albeit very painful."It ... http://www.heraldglobe.com/index.php/sid/214707489/scat/45419e6f687dd329 Thu, 23 May 2013 01:55:25 -0400 http://www.heraldglobe.com/index.php/sid/214707489/scat/45419e6f687dd329 Reuters © A convertible Lenovo Ultrabook is displayed at an Intel news conference during the Consumer Electronics Show (CES) in Las Vegas January 7, 2013. REUTERS/Steve ... http://www.heraldglobe.com/index.php/sid/214707218/scat/45419e6f687dd329 Thu, 23 May 2013 01:55:22 -0400 http://www.heraldglobe.com/index.php/sid/214707218/scat/45419e6f687dd329 Shares in ThinkSmart were firmer after the office equipment financing company reiterated its expectations for a $500,000 first-half profit.Speaking at the company's annual general meeting, chief executive Ned Montarello said the business was performing in line with expectations with growth in both new business volumes and bottom line earnings."We will continue to build on this momentum ... http://www.heraldglobe.com/index.php/sid/214706978/scat/45419e6f687dd329 Thu, 23 May 2013 00:47:06 -0400 http://www.heraldglobe.com/index.php/sid/214706978/scat/45419e6f687dd329 LOS ANGELES (MarketWatch) -- Gold futures fell Thursday, weighed by strength in the U.S. dollar after the head of the U.S. Federal Reserve indicated the central bank could start tapering stimulus efforts in the coming ... http://www.heraldglobe.com/index.php/sid/214706081/scat/45419e6f687dd329 Thu, 23 May 2013 00:40:35 -0400 http://www.heraldglobe.com/index.php/sid/214706081/scat/45419e6f687dd329 US stocks have opened slightly higher as the market looked ahead to congressional testimony by Federal Reserve Chairman Ben Bernanke. Five minutes into trade on Wednesday, the Dow Jones Industrial Average rose 16.11 (0.10 per cent) to 15,403.69. The broad-based S&P 500 added 1.37 (0.08 per cent) at 1,670.53, while the tech-rich Nasdaq Composite Index increased 0.68 (0.02 per cent) to ... http://www.heraldglobe.com/index.php/sid/214707229/scat/45419e6f687dd329 Thu, 23 May 2013 00:20:26 -0400 http://www.heraldglobe.com/index.php/sid/214707229/scat/45419e6f687dd329 BEIJING (AFP) - Manufacturing activity in China contracted in May for the first time in seven months, HSBC said Thursday, in another sign of the weakness of recovery in the world's second-largest economy.The banking giant's preliminary purchasing managers' index (PMI) fell to 49.6 this month from a final 50.4 in April, putting it below the 50 mark that indicates contraction. A ... http://www.heraldglobe.com/index.php/sid/214705089/scat/45419e6f687dd329 Wed, 22 May 2013 23:37:56 -0400 http://www.heraldglobe.com/index.php/sid/214705089/scat/45419e6f687dd329 Ford will end its Australian manufacturing operations in three years, resulting in 1200 job losses at its two Victorian plants.The carmaker's plants at Broadmeadows in Melbourne's north and Geelong, west of Melbourne, will close their doors in October 2016, resulting in the loss of 650 and 510 jobs respectively.Ford Australia president and CEO Bob Graziano says the cost of manufacturing ... http://www.heraldglobe.com/index.php/sid/214705090/scat/45419e6f687dd329 Wed, 22 May 2013 23:37:53 -0400 http://www.heraldglobe.com/index.php/sid/214705090/scat/45419e6f687dd329 Disappointing Chinese manufacturing figures and comments from the US central bank boss have sent the Australian dollar to a fresh one-year low.The local unit went as low as 96.28 US cents on Thursday morning, its weakest level since June 2012.At 1200 AEST, it was trading at 96.40 US cents, down from 97.82 cents on Wednesday.Recent speculation that the Federal Reserve was considering winding back ... http://www.heraldglobe.com/index.php/sid/214705256/scat/45419e6f687dd329 Wed, 22 May 2013 23:37:50 -0400 http://www.heraldglobe.com/index.php/sid/214705256/scat/45419e6f687dd329 Reuters © A worker wearing protective glasses welds steel products at a heavy equipment manufacturing factory in Luoyang, Henan province May 1, 2013. REUTERS/China ... http://www.heraldglobe.com/index.php/sid/214704153/scat/45419e6f687dd329 Wed, 22 May 2013 22:27:00 -0400 http://www.heraldglobe.com/index.php/sid/214704153/scat/45419e6f687dd329 WASHINGTON (AFP) - The head of the IRS office that oversees non-profit groups refused to testify at a congressional panel probing abuse at the US tax agency, but defiantly declared she had done nothing wrong.Lois Lerner, director of exempt organizations, invoked her Fifth Amendment constitutional rights against self-incrimination, citing accusations by lawmakers that she had earlier provided ... http://www.heraldglobe.com/index.php/sid/214704870/scat/45419e6f687dd329 Wed, 22 May 2013 22:26:57 -0400 http://www.heraldglobe.com/index.php/sid/214704870/scat/45419e6f687dd329 A South West business has been recognised for almost halving its water usage by making some simple changes to its operations.Brownes Brunswick Junction was named in the silver category in the Water Corporation's Water Efficiency Management Plan program awards for improving water efficiency between 25 and 35 per cent in 2011-12.Brownes Brunswick Junction engineer Andrew Bennett said the site ... http://www.heraldglobe.com/index.php/sid/214704219/scat/45419e6f687dd329 Wed, 22 May 2013 22:26:55 -0400 http://www.heraldglobe.com/index.php/sid/214704219/scat/45419e6f687dd329 Transport Minister Troy Buswell has pointed to grain heavyweight Bunge's $40 million investment in the Bunbury Port as an example of what WA's other port authorities should be aiming to achieve.Mr Buswell last week flagged the possibility WA's ports could transfer the control of assets to the private sector but denied it was a process of privatisation.Bunge is investing up to $40 ... http://www.heraldglobe.com/index.php/sid/214704211/scat/45419e6f687dd329 Wed, 22 May 2013 22:26:52 -0400 http://www.heraldglobe.com/index.php/sid/214704211/scat/45419e6f687dd329 WASHINGTON (AFP) - The United States should consider curbs on Chinese investment or even offensive operations against hackers to address the growing toll from intellectual property theft, a report said.The 11-month study led by high-ranking former US officials said that theft of software and other US-developed products was costing the American economy more than $300 billion each year -- as much ... http://www.heraldglobe.com/index.php/sid/214704202/scat/45419e6f687dd329 Wed, 22 May 2013 22:26:49 -0400 http://www.heraldglobe.com/index.php/sid/214704202/scat/45419e6f687dd329 The iconic Ford Falcon will soon be extinct, after more than 50 years in Australia.Ford Australia president and CEO Bob Graziano says the company will cease manufacturing operations in Australia by October 2016.He said the next Falcon, set for release in 2014, would be the last."The Falcon name is inextricably linked to Australia and to being produced here," Mr Graziano told reporters ... http://www.heraldglobe.com/index.php/sid/214704078/scat/45419e6f687dd329 Wed, 22 May 2013 22:26:46 -0400 http://www.heraldglobe.com/index.php/sid/214704078/scat/45419e6f687dd329 Ford will cease its manufacturing operations in Australia by October 2016 with the loss of 1200 jobs.Ford Australia President and CEO Bob Graziano said the company made a loss of $141 million after tax in the last financial year, with a loss of $600 million over the last five years.Ford Australia employs more than 3500 people at its manufacturing plants at Broadmeadows, in Melbourne's north, ... http://www.heraldglobe.com/index.php/sid/214704079/scat/45419e6f687dd329 Wed, 22 May 2013 22:26:40 -0400 http://www.heraldglobe.com/index.php/sid/214704079/scat/45419e6f687dd329 Internet mogul Kim Dotcom said Thursday he was considering taking legal action against tech giants such as Twitter, Google and Facebook for infringing copyright on a security measure he invented.Dotcom, who is on bail in New Zealand as US authorities seek his extradition in the world's biggest copyright case, said he invented "two-factor authentication", which many major sites have ... http://www.heraldglobe.com/index.php/sid/214704449/scat/45419e6f687dd329 Wed, 22 May 2013 22:01:43 -0400 http://www.heraldglobe.com/index.php/sid/214704449/scat/45419e6f687dd329 Ford will cease its manufacturing operations in Australia by October 2016 with the loss of 1200 jobs.Ford Australia President and CEO Bob Graziano said the company made a loss of $141 million after tax in the last financial year, with a loss of $600 million over the last five years.Ford Australia employs more than 3500 people at its manufacturing plants at Broadmeadows, in Melbourne's north, ... http://www.heraldglobe.com/index.php/sid/214702979/scat/45419e6f687dd329 Wed, 22 May 2013 21:17:12 -0400 http://www.heraldglobe.com/index.php/sid/214702979/scat/45419e6f687dd329 James Hardie's full year net profit has fallen significantly because of changes to its asbestos liabilities and the impact of legal battles with the tax office.The building products maker this morning posted a net profit of $US45.5 million ($A47.19 million) for the year to March 31, down 92 per cent from $US604.3 million in the previous year.The previous year's profit was boosted by a ... http://www.heraldglobe.com/index.php/sid/214703787/scat/45419e6f687dd329 Wed, 22 May 2013 21:17:07 -0400 http://www.heraldglobe.com/index.php/sid/214703787/scat/45419e6f687dd329 UPDATE 8.50am: The Australian sharemarket has opened lower after comments the US Federal Reserve overnight suggested stimulus activity there may soon be eased.At 8.50am, the benchmark S&P/ASX200 index was down 52.9 points, or one per cent, at 5112.5 points while the broader All Ordinaries index was down 52 points, also one per cent, at 5090.1 points.Wall Street stocks retreated after Fed ... http://www.heraldglobe.com/index.php/sid/214703788/scat/45419e6f687dd329 Wed, 22 May 2013 21:17:02 -0400 http://www.heraldglobe.com/index.php/sid/214703788/scat/45419e6f687dd329 Australia's richest prospector Mark Creasy will join Sirius Resources managing director Mark Bennett on a rare site visit of the Nova and Bollinger nickel finds on the Nullarbor next week to inspect first-hand exploration activity at the two deposits.Mr Bennett, who has been touring the nation presenting the Sirius story to investors for the past week, will take Mr Creasy to the site in the ... http://www.heraldglobe.com/index.php/sid/214703790/scat/45419e6f687dd329 Wed, 22 May 2013 21:16:57 -0400 http://www.heraldglobe.com/index.php/sid/214703790/scat/45419e6f687dd329 One of Australia's most senior trade officials says he is confident the mining services sector can overcome a sharp drop in local orders by selling its expertise to overseas resources hotspots.Austrade chief executive Bruce Gosper made the comments on a flying trip to Perth yesterday - his first since he took the top job at the key government-backed export promotion agency in February.Mr ... http://www.heraldglobe.com/index.php/sid/214702980/scat/45419e6f687dd329 Wed, 22 May 2013 21:16:52 -0400 http://www.heraldglobe.com/index.php/sid/214702980/scat/45419e6f687dd329 Navitas chief executive and co-founder Rod Jones has taken advantage of the company's record share price run by pulling nearly $50 million out of the market.The sell-down, disclosed after the close of trading yesterday, represents the biggest dealings in Mr Jones' shareholding since Navitas listed in December 2004.Notices filed with the Australian Securities Exchange show interests ... http://www.heraldglobe.com/index.php/sid/214703789/scat/45419e6f687dd329 Wed, 22 May 2013 21:16:49 -0400 http://www.heraldglobe.com/index.php/sid/214703789/scat/45419e6f687dd329 VICTORIAN Premier Denis Napthine says the state government will help any Ford workers who lose their jobs. "If there's a change to car production we would be working with the federal government to support people who are affected and the supply chain," Dr Napthine told reporters in northeast Victoria on Thursday. He said the carbon tax was putting pressure on the cost of doing business ... http://www.heraldglobe.com/index.php/sid/214702991/scat/45419e6f687dd329 Wed, 22 May 2013 20:37:23 -0400 http://www.heraldglobe.com/index.php/sid/214702991/scat/45419e6f687dd329 Wed May 22, 2013 8:24pm EDT * Ford to end Australia production by 2016 - reports * Strong Australia dollar, cheaper imports hurt local manufacturers * Australian economy at risk as mining boom peaks, other sectors sluggish * Govt previously committed A$5.4 bln to support car manufacturers to 2020 CANBERRA, May 23 (Reuters) - Ford Motor Co is set to announce it is closing its two Australian auto ... http://www.heraldglobe.com/index.php/sid/214702990/scat/45419e6f687dd329 Wed, 22 May 2013 20:24:30 -0400 http://www.heraldglobe.com/index.php/sid/214702990/scat/45419e6f687dd329 United States Wall Street saw its biggest one day swing in six months and the Australian dollar dropped overnight as investors raised concerns that the US Federal Reserve will scale back its stimulus program shortly.Markets initially rose as Federal Reserve chairman Ben Bernankeaddressed Congress saying the quantitative easing program is providing significant benefits to the American economy ... http://www.heraldglobe.com/index.php/sid/214701690/scat/45419e6f687dd329 Wed, 22 May 2013 19:52:40 -0400 http://www.heraldglobe.com/index.php/sid/214701690/scat/45419e6f687dd329 All of that can be uncovered whether or not a user deleted it from their phone. "It makes it much, much harder, but wiping a phone doesn't always mean you can't get the data," said Courtney Lancaster, forensic analyst with IT consulting company TCS, at the CTIA wireless industry trade show in Las Vegas. Forensic analysts have dozens of tools that allow them to access many ... http://www.heraldglobe.com/index.php/sid/214702757/scat/45419e6f687dd329 Wed, 22 May 2013 19:48:59 -0400 http://www.heraldglobe.com/index.php/sid/214702757/scat/45419e6f687dd329 Australian bond futures prices have fallen following comments from the US Federal Reserve on ending its economic stimulus program. In testimony to Congress, Fed chairman Ben Bernanke gave an upbeat assessment of the US economy but warned that ending the central bank's program called quantitative easing (QE) could stall the nation's economic recovery. He later said there could be a ... http://www.heraldglobe.com/index.php/sid/214702122/scat/45419e6f687dd329 Wed, 22 May 2013 19:43:39 -0400 http://www.heraldglobe.com/index.php/sid/214702122/scat/45419e6f687dd329 By Sarah N. LynchWASHINGTON (Reuters) - A Justice Department official insisted on Wednesday that no financial company is too big to jail, in the department's latest effort to backpedal from statements made in March by Attorney General Eric Holder."No institution and no individual is immune from prosecution because of its size," Mythili Raman, acting assistant attorney general in ... http://www.heraldglobe.com/index.php/sid/214701389/scat/45419e6f687dd329 Wed, 22 May 2013 18:58:43 -0400 http://www.heraldglobe.com/index.php/sid/214701389/scat/45419e6f687dd329 NEW YORK (AFP) - US industrial conglomerate General Electric expects to spend about $2.4 billion in acquisitions through the rest of the year, GE chief executive Jeffrey Immelt said Wednesday.In a presentation to analysts, Immelt noted the company had planned $10 billion in targeted acquisitions in 2013.In April GE agreed to buy Lufkin Industries, which provides artificial lift technologies for ... http://www.heraldglobe.com/index.php/sid/214701388/scat/45419e6f687dd329 Wed, 22 May 2013 18:58:41 -0400 http://www.heraldglobe.com/index.php/sid/214701388/scat/45419e6f687dd329 The Australian dollar dropped to a one-year low following some positive comments on the US economy by the head of the Federal Reserve.The currency fell as low as 96.62 US cents in the early hours of Thursday morning, its weakest level since June 2012.By 0700 AEST, the local unit had recovered to 97.00 US cents, down from 97.82 cents on Wednesday.In testimony to Congress, Fed chairman Ben Bernanke ... http://www.heraldglobe.com/index.php/sid/214701390/scat/45419e6f687dd329 Wed, 22 May 2013 18:58:38 -0400 http://www.heraldglobe.com/index.php/sid/214701390/scat/45419e6f687dd329 By Lee Chyen Yee and Umesh DesaiHONG KONG (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades.Lenovo, a sliver away from unseating Hewlett-Packard Co as the world's top PC maker by shipments, is expected on ... http://www.heraldglobe.com/index.php/sid/214700621/scat/45419e6f687dd329 Wed, 22 May 2013 18:25:40 -0400 http://www.heraldglobe.com/index.php/sid/214700621/scat/45419e6f687dd329 Trader Kevin Lodewick works on the floor of the New York Stock Exchange in this May 2, 2013, file photo. US stocks Wednesday, May 22, 2013, ended lower following a choppy day of trading as the market weighed exit signals on the Federal Reserve’s exceptionally loose monetary policy. AFP PHOTO/RICHARD DREW NEW YORK--US stocks Wednesday ended lower following a choppy day of trading as the ... http://www.heraldglobe.com/index.php/sid/214700342/scat/45419e6f687dd329 Wed, 22 May 2013 18:24:33 -0400 http://www.heraldglobe.com/index.php/sid/214700342/scat/45419e6f687dd329 Stocks to watch on the Australian stock exchange on Thursday, May 23:ABC - ADELAIDE BRIGHTON LTD - up one cent at $3.46Cement and lime manufacturer Adelaide Brighton expects net profit in 2013 to be flat or slightly below 2012 levels due to the effects of weak demand and the carbon tax.BHP - BHP BILLITON LTD - up 44 cents at $35.27A mining giant is refusing to hire local workers for its two new ... http://www.heraldglobe.com/index.php/sid/214699997/scat/45419e6f687dd329 Wed, 22 May 2013 17:49:50 -0400 http://www.heraldglobe.com/index.php/sid/214699997/scat/45419e6f687dd329 A summary of trading in key commodities markets overseas:ENERGYOil prices sank following a bearish US oil inventory report and amid speculation that the Federal Reserve quantitative easing program could be curtailed sooner rather than later.The price of US benchmark West Texas Intermediate for July delivery settled at $US94.28 per barrel on the New York Mercantile Exchange, down $US1.90 from ... http://www.heraldglobe.com/index.php/sid/214699998/scat/45419e6f687dd329 Wed, 22 May 2013 17:49:47 -0400 http://www.heraldglobe.com/index.php/sid/214699998/scat/45419e6f687dd329 The electric-car maker received the loan from the Department of Energy in January 2010, and it made its first payment this past December. That began what was supposed to be a 10-year repayment program, but plans have ... http://www.heraldglobe.com/index.php/sid/214699999/scat/45419e6f687dd329 Wed, 22 May 2013 17:31:04 -0400 http://www.heraldglobe.com/index.php/sid/214699999/scat/45419e6f687dd329 Hewlett-Packard is still struggling to turn itself around. But here's the good news for HP and CEO Meg Whitman: When Wall Street estimates are set at rock bottom, they're easy to ... http://www.heraldglobe.com/index.php/sid/214698984/scat/45419e6f687dd329 Wed, 22 May 2013 17:30:57 -0400 http://www.heraldglobe.com/index.php/sid/214698984/scat/45419e6f687dd329 Sources said the provision would not only badly hit Indian IT cos, but also disrupt operational capabilities of a large number of key US cos as ... http://www.heraldglobe.com/index.php/sid/214698943/scat/45419e6f687dd329 Wed, 22 May 2013 17:16:36 -0400 http://www.heraldglobe.com/index.php/sid/214698943/scat/45419e6f687dd329 LONDON (AFP) - Google boss Eric Schmidt insisted Wednesday his company was trying to do the "right thing" as it faces criticism in Britain over the amount of tax it pays, saying it was for countries not companies to decide tax policies.Schmidt was commenting after Ed Miliband, the leader of Britain's opposition Labour Party, told a meeting of Google staff that he was ... http://www.heraldglobe.com/index.php/sid/214698636/scat/45419e6f687dd329 Wed, 22 May 2013 16:39:51 -0400 http://www.heraldglobe.com/index.php/sid/214698636/scat/45419e6f687dd329 Reuters © A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California January 16, 2013. REUTERS/Stephen ... http://www.heraldglobe.com/index.php/sid/214698649/scat/45419e6f687dd329 Wed, 22 May 2013 16:39:48 -0400 http://www.heraldglobe.com/index.php/sid/214698649/scat/45419e6f687dd329 SAN FRANCISCO (AFP) - Twitter said Wednesday it was stepping up security measures for the popular messaging service following a series of high-profile breaches by hackers hitting media organizations and others.Twitter said it would implement a new login verification system, "a form of two-factor authentication" which is "a second check to make sure it's really you" when a ... http://www.heraldglobe.com/index.php/sid/214698628/scat/45419e6f687dd329 Wed, 22 May 2013 16:39:45 -0400 http://www.heraldglobe.com/index.php/sid/214698628/scat/45419e6f687dd329 (Image credit: AFP/Getty Images via @daylife) Chip Case and Robert Shiller are known for the gauge of home prices that bears their name, but as that indicator continues to draw cheers for a U.S. housing recovery the pair warn that things are not quite as rosy as they appear. The latest S&P/Case-Shiller reading showed that the 20-city average of prices was up 9.3% in February from the prior ... http://www.heraldglobe.com/index.php/sid/214698650/scat/45419e6f687dd329 Wed, 22 May 2013 16:29:18 -0400 http://www.heraldglobe.com/index.php/sid/214698650/scat/45419e6f687dd329 reported second-quarter earnings that beat the Street's consensus estimate Wednesday, despite falling 11% from a year ago. Earnings per share of 87 cents were above HP's outlook for 80-82 cents and the 81 cents analysts anticipated. Net revenue of $27.6 billion was 10% below the prior year (9% when excluding currency impacts). Despite the declines, HP threw off $3.6 billion in cash, a ... http://www.heraldglobe.com/index.php/sid/214697495/scat/45419e6f687dd329 Wed, 22 May 2013 16:29:18 -0400 http://www.heraldglobe.com/index.php/sid/214697495/scat/45419e6f687dd329 Wed May 22, 2013 4:25pm EDT * Dow, S&P both rise and fall more than 1 pct in same trading day * FOMC minutes show members open to tapering, disagreement on conditions * Bernanke touts benefits of Fed easing, but hints could act * Dow off 0.5 pct, S&P off 0.8 pct, Nasdaq off 1.1 pct By Angela Moon NEW YORK, May 22 (Reuters) - U.S. stocks fell on Wednesday with the S&P 500 posting its biggest ... http://www.heraldglobe.com/index.php/sid/214698932/scat/45419e6f687dd329 Wed, 22 May 2013 16:25:27 -0400 http://www.heraldglobe.com/index.php/sid/214698932/scat/45419e6f687dd329 NEW YORK | Wed May 22, 2013 4:03pm EDT NEW YORK May 22 (Reuters) - U.S. stocks fell on Wednesday after minutes from the latest U.S. Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting. Based on the latest available data, the Dow Jones industrial average was down 81.18 points, or 0.53 percent, at 15,306.40. The ... http://www.heraldglobe.com/index.php/sid/214697509/scat/45419e6f687dd329 Wed, 22 May 2013 16:03:49 -0400 http://www.heraldglobe.com/index.php/sid/214697509/scat/45419e6f687dd329 Reuters © European Central Bank Executive Board member Peter Praet gives a speech during a meeting organised by the Grand Conferences Catholiques in Brussels January 14, 2013. REUTERS/Eric ... http://www.heraldglobe.com/index.php/sid/214697175/scat/45419e6f687dd329 Wed, 22 May 2013 15:29:20 -0400 http://www.heraldglobe.com/index.php/sid/214697175/scat/45419e6f687dd329 NEW DELHI (AFP) - The Japanese owners of Ranbaxy on Wednesday accused former shareholders of the Indian company of concealing key information about a US probe into the safety of medicines made by the New Delhi-based firm.Last week, Ranbaxy Laboratories pleaded guilty in the United States to charges of making and distributing adulterated drugs at its two Indian plants of Paonta Sahib and Dewas and ... http://www.heraldglobe.com/index.php/sid/214696431/scat/45419e6f687dd329 Wed, 22 May 2013 15:29:11 -0400 http://www.heraldglobe.com/index.php/sid/214696431/scat/45419e6f687dd329 (Reuters) - Former Yahoo Inc executive Shashi Seth has joined Tribune Co to lead its digital ventures as the newspaper and broadcast company seeks new revenue sources.The company said on Wednesday that Seth was named president of Tribune Digital Ventures, a newly created stand-alone company that will operate out of Silicon Valley rather than Tribune's Chicago headquarters.Seth said in an ... http://www.heraldglobe.com/index.php/sid/214697162/scat/45419e6f687dd329 Wed, 22 May 2013 15:29:08 -0400 http://www.heraldglobe.com/index.php/sid/214697162/scat/45419e6f687dd329 Almost $15 billion more in taxes leaves WA each year than flows back into the State in Commonwealth spending, a WA Treasury analysis shows.The report spotlights the extent WA carries the rest of the Australian Federation.It shows WA's net contribution to the other States and Territories is a staggering $6447 for each resident, way beyond that of the other two donor States - NSW and ... http://www.heraldglobe.com/index.php/sid/214697176/scat/45419e6f687dd329 Wed, 22 May 2013 15:29:05 -0400 http://www.heraldglobe.com/index.php/sid/214697176/scat/45419e6f687dd329 FOMC participants are divided - Photo credit: Wikipedia Tectonic plates are shifting within the Fed' Federal Open Market Committee (FOMC) as hawks and doves battle it out over QE. The FOMC minutes for April/May meeting, released on Wednesday hours after ... http://www.heraldglobe.com/index.php/sid/214697178/scat/45419e6f687dd329 Wed, 22 May 2013 15:17:23 -0400 http://www.heraldglobe.com/index.php/sid/214697178/scat/45419e6f687dd329 Detroit, Michigan Some people have nightmares about being chased by runaway trains, vicious animals or bad guys. Mine is daytime nightmare: Being chased by molten lava. The lava in this case is the red-hot viscous bad news still emanating from the municipal bond market. This daymare won't end for municipal bond investors until the lava solidifies. It won't end until the ... http://www.heraldglobe.com/index.php/sid/214696065/scat/45419e6f687dd329 Wed, 22 May 2013 15:17:23 -0400 http://www.heraldglobe.com/index.php/sid/214696065/scat/45419e6f687dd329 ), for a total of 6% annualized rate in the scenario where the stock is not called away. Any upside above $85 would be lost if the stock rises there and is called away, but PSX shares would have to climb 28.6% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 35.4% return from this trading level, in addition to any ... http://www.heraldglobe.com/index.php/sid/214697182/scat/45419e6f687dd329 Wed, 22 May 2013 15:17:22 -0400 http://www.heraldglobe.com/index.php/sid/214697182/scat/45419e6f687dd329 NYSE: HPQ ) looking to boost their income beyond the stock's 2.5% annualized dividend yield can sell the January 2015 covered call at the $27 strike and collect the premium based on the $1.65 bid, which annualizes to an additional 4.6% rate of return against the current stock price (at ... http://www.heraldglobe.com/index.php/sid/214697181/scat/45419e6f687dd329 Wed, 22 May 2013 15:17:22 -0400 http://www.heraldglobe.com/index.php/sid/214697181/scat/45419e6f687dd329 NYSE: MAS ) looking to boost their income beyond the stock's 1.4% annualized dividend yield can sell the October covered call at the $24 strike and collect the premium based on the $1.25 bid, which annualizes to an additional 13.6% rate of return against the current stock price (at ... http://www.heraldglobe.com/index.php/sid/214697179/scat/45419e6f687dd329 Wed, 22 May 2013 15:17:22 -0400 http://www.heraldglobe.com/index.php/sid/214697179/scat/45419e6f687dd329 NYSE: JCP ) stock, but cautious about paying the going market price of $19.18/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $8 strike, which has a bid at the time of this writing of 82 cents. Collecting that bid as the premium represents a 10.2% return against the $8 ... http://www.heraldglobe.com/index.php/sid/214697185/scat/45419e6f687dd329 Wed, 22 May 2013 15:17:21 -0400 http://www.heraldglobe.com/index.php/sid/214697185/scat/45419e6f687dd329 Across the country, law enforcement officials are warning seniors to beware of so-called "grandparent scams," in which fraudsters are impersonating a grandchild in distress -- and begging for ... http://www.heraldglobe.com/index.php/sid/214697188/scat/45419e6f687dd329 Wed, 22 May 2013 15:08:23 -0400 http://www.heraldglobe.com/index.php/sid/214697188/scat/45419e6f687dd329 New Jersey's Division of Alcoholic Beverage Control announced Wednesday that it had seized alcohol from 29 bars and restaurants as part of a year-long investigation into allegations that the businesses have been fooling customers by filling bottles from premium brands with cheaper well ... http://www.heraldglobe.com/index.php/sid/214696121/scat/45419e6f687dd329 Wed, 22 May 2013 15:08:22 -0400 http://www.heraldglobe.com/index.php/sid/214696121/scat/45419e6f687dd329 affected neighborhoods when people can finally return to sift through whatever is left of their homes. Throughout Oklahoma City, dozens of businesses have stepped up, offering goods and services to help with the relief effort, according to the local Chamber of ... http://www.heraldglobe.com/index.php/sid/214697189/scat/45419e6f687dd329 Wed, 22 May 2013 15:08:21 -0400 http://www.heraldglobe.com/index.php/sid/214697189/scat/45419e6f687dd329 U.S. car sales are up about 7%, to a 15.2-million-vehicle annual pace, and the rest of the year looks even stronger. "It's a strong signal on what's to come, a stronger second half of the year," said Jeff Schuster, senior vice president of forecasting at market researcher LMC Automotive, about the summer production plans. "No one wants to be caught without the right mix ... http://www.heraldglobe.com/index.php/sid/214696072/scat/45419e6f687dd329 Wed, 22 May 2013 15:08:13 -0400 http://www.heraldglobe.com/index.php/sid/214696072/scat/45419e6f687dd329 Smartphone forensics experts can retrieve just about anything from any phone. Police will often seize and analyze phones for evidence of things such as indecent photos and videos, what calls were placed when and to whom, browser history, calendar events and explanations of a suicide or ... http://www.heraldglobe.com/index.php/sid/214696073/scat/45419e6f687dd329 Wed, 22 May 2013 15:08:12 -0400 http://www.heraldglobe.com/index.php/sid/214696073/scat/45419e6f687dd329 New Jersey's Division of Alcoholic Beverage Control announced Wednesday that it had seized alcohol from 29 bars and restaurants as part of a year-long investigation into allegations that the businesses have been fooling customers by filling bottles from premium brands with cheaper well ... http://www.heraldglobe.com/index.php/sid/214696071/scat/45419e6f687dd329 Wed, 22 May 2013 15:08:12 -0400 http://www.heraldglobe.com/index.php/sid/214696071/scat/45419e6f687dd329 Reuters © Federal Reserve Board Chairman Ben Bernanke testifies before the Joint Economic Committee in Washington May 22, 2013. REUTERS/Gary ... http://www.heraldglobe.com/index.php/sid/214694406/scat/45419e6f687dd329 Wed, 22 May 2013 14:15:47 -0400 http://www.heraldglobe.com/index.php/sid/214694406/scat/45419e6f687dd329 could threaten U.S. national security, hoping to sway MPs and win support for its rival offer.The campaign, which so far appears on the Internet and in Washington-area newspapers, is Dish's most public lobbying effort yet against Japan-based SoftBank ... http://www.heraldglobe.com/index.php/sid/214695686/scat/45419e6f687dd329 Wed, 22 May 2013 14:15:42 -0400 http://www.heraldglobe.com/index.php/sid/214695686/scat/45419e6f687dd329 LONDON (AFP) - The International Monetary Fund said Wednesday that Britain was a long way from a "sustainable recovery", and called for the government to boost infrastructure spending in order to accelerate economic growth and offset austerity."Recent data suggest some improvement in economic and financial conditions," the IMF said in a statement published at the conclusion of ... http://www.heraldglobe.com/index.php/sid/214694887/scat/45419e6f687dd329 Wed, 22 May 2013 14:15:34 -0400 http://www.heraldglobe.com/index.php/sid/214694887/scat/45419e6f687dd329 NEW DELHI (AFP) - Indian generic giant Ranbaxy said Wednesday it has spent over $300 million to overhaul its operations and ensure no repeat of drug safety violations that led to a multi-million dollar US fine.Last week, New Delhi-based Ranbaxy pleaded guilty in the United States to charges of making and distributing adulterated drugs made at its two Indian plants of Paonta Sahib and Dewas, ... http://www.heraldglobe.com/index.php/sid/214695002/scat/45419e6f687dd329 Wed, 22 May 2013 14:15:31 -0400 http://www.heraldglobe.com/index.php/sid/214695002/scat/45419e6f687dd329 After a slow start to severe weather season, Monday's devastating tornado that hit Oklahoma reminds us how costly and destructive the change of seasons can be in the United States. Following one of the coldest March/April stretches in several decades, which caught most of the energy market by surprise, April and the first half of May produced significantly fewer tornadoes than normal. The ... http://www.heraldglobe.com/index.php/sid/214695394/scat/45419e6f687dd329 Wed, 22 May 2013 14:04:45 -0400 http://www.heraldglobe.com/index.php/sid/214695394/scat/45419e6f687dd329 'Number 19' by Jackson Pollock is on display during a preview of Christie's Impressionist and Modern Art sales in New York, May 3, 2013 (AFP/Getty Images via @daylife) Alan Greenspan once said you only recognize bubbles after the fact. This is another way of saying nobody ever pinpoints when the music is about to stop. I'm bullish on stocks and contemporary art. My assets ... http://www.heraldglobe.com/index.php/sid/214695687/scat/45419e6f687dd329 Wed, 22 May 2013 14:04:44 -0400 http://www.heraldglobe.com/index.php/sid/214695687/scat/45419e6f687dd329 Wed May 22, 2013 2:02pm EDT * Bernanke touts benefits of Fed easing, but hints could act * Stocks choppy after hitting highs earlier * Dow up 0.2 pct, S&P off 0.02 pct, Nasdaq off 0.3 pct By Leah Schnurr NEW YORK, May 22 (Reuters) - U.S. stocks were little changed in choppy trading Wednesday, after giving up earlier gains following remarks by Federal Reserve Chairman Ben Bernanke which suggested ... http://www.heraldglobe.com/index.php/sid/214696008/scat/45419e6f687dd329 Wed, 22 May 2013 14:02:47 -0400 http://www.heraldglobe.com/index.php/sid/214696008/scat/45419e6f687dd329 At this point, the patient ought to be out of the hospital, done with rehab and playing baseball with its kids. I feel like the economy is in the outpatient room and the Fed continues to feed it medicine on a daily basis, asking, 'Are you getting better?' But my worry is that the Fed doesn't have the prescription for what ails our ... http://www.heraldglobe.com/index.php/sid/214694330/scat/45419e6f687dd329 Wed, 22 May 2013 13:56:19 -0400 http://www.heraldglobe.com/index.php/sid/214694330/scat/45419e6f687dd329 JP Morgan's Jamie Dimon FORTUNE -- The very people who should care most about JP Morgan's shareholder votes on Tuesday may be people who don't own a single share of the bank's stock. They are the people who saw their savings wiped out by the derivatives and securitizations boom that fueled the last financial crisis. They are the people who lost their jobs and are still ... http://www.heraldglobe.com/index.php/sid/214695690/scat/45419e6f687dd329 Wed, 22 May 2013 13:56:18 -0400 http://www.heraldglobe.com/index.php/sid/214695690/scat/45419e6f687dd329 AAPL ) taxes Tuesday, the Tea Party candidate from Wisconsin was anything but dumb. In fact, he asked smarter questions that elicited more information about Apple's operations than all the other senators combined. (See C-Span clip below.) It helped, perhaps, that his background is in business (accountant, night-school MBA program, CEO of a plastics manufacturer) not law or politics. But if ... http://www.heraldglobe.com/index.php/sid/214695688/scat/45419e6f687dd329 Wed, 22 May 2013 13:56:16 -0400 http://www.heraldglobe.com/index.php/sid/214695688/scat/45419e6f687dd329 Click the chart to track shares of Lowe's. As the housing market heats up, so is competition among home improvement retailers. A day after Home Depot ... http://www.heraldglobe.com/index.php/sid/214695689/scat/45419e6f687dd329 Wed, 22 May 2013 13:56:16 -0400 http://www.heraldglobe.com/index.php/sid/214695689/scat/45419e6f687dd329 European leaders took the fight to tax cheats Wednesday with a pledge to share bank account data across the European Union and accelerate initiatives to tackle abuse by ... http://www.heraldglobe.com/index.php/sid/214694373/scat/45419e6f687dd329 Wed, 22 May 2013 13:56:03 -0400 http://www.heraldglobe.com/index.php/sid/214694373/scat/45419e6f687dd329 The document from the Financial Intelligence Authority shows six reports of "suspicious activity" in the past year, up from just one in 2011. It says the Vatican's prosecutors are investigating two of those reports for possible criminal activity, though it wouldn't elaborate further. The 64-page report details how the Vatican is looking to crack down on money laundering and ... http://www.heraldglobe.com/index.php/sid/214694372/scat/45419e6f687dd329 Wed, 22 May 2013 13:56:02 -0400 http://www.heraldglobe.com/index.php/sid/214694372/scat/45419e6f687dd329 NEW YORK | Wed May 22, 2013 1:38pm EDT NEW YORK May 22 (Reuters) - U.S. stocks pared gains on Wednesday as traders continued to digest Congressional testimony by Federal Reserve Chairman Ben Bernanke, including the timeline for ending or slowing the Fed's massive economic stimulus program. The Dow Jones industrial average rose 48.49 points or 0.32 percent, to 15,436.07, the S&P 500 ... http://www.heraldglobe.com/index.php/sid/214696002/scat/45419e6f687dd329 Wed, 22 May 2013 13:38:16 -0400 http://www.heraldglobe.com/index.php/sid/214696002/scat/45419e6f687dd329 EUROPEAN leaders have targeted a year-end deadline to do away with banking secrecy, hoping to recoup one trillion euros ($A1.33 trillion) in lost tax each year to help beat recession and unemployment. But British Prime Minister and current G8 chair David Cameron, backed by French President Francois Hollande, struggled to extend the crackdown to corporate multinationals, despite technology giants ... http://www.heraldglobe.com/index.php/sid/214694459/scat/45419e6f687dd329 Wed, 22 May 2013 13:19:20 -0400 http://www.heraldglobe.com/index.php/sid/214694459/scat/45419e6f687dd329 LONDON (AFP) - Europe's main stocks shot higher Wednesday after US Federal Reserve chief Ben Bernanke indicated that the end was not near to its easy money policies.London's FTSE 100 index of leading shares added 0.53 percent to 6,840.27 points to stand at a 13-year high, while in Frankfurt the DAX 30 index set a fresh record high, climbing 0.69 percent to 8,530.89 points.In Paris the ... http://www.heraldglobe.com/index.php/sid/214692747/scat/45419e6f687dd329 Wed, 22 May 2013 13:02:37 -0400 http://www.heraldglobe.com/index.php/sid/214692747/scat/45419e6f687dd329 Wed May 22, 2013 3:55pm EDT * Higher U.S. gasoline, crude stocks weigh on prices * U.S. equities fall on Fed minutes * Dollar hits 4-1/2-year high versus yen (Updates prices to settlement, adds Fed minutes) By Anna Louie Sussman NEW YORK, May 22 (Reuters) - Brent crude extended losses in late trading on Wednesday to settle below $103 a barrel, after minutes from the Federal Reserve sent U.S. ... http://www.heraldglobe.com/index.php/sid/214698651/scat/45419e6f687dd329 Wed, 22 May 2013 12:54:52 -0400 http://www.heraldglobe.com/index.php/sid/214698651/scat/45419e6f687dd329 SAN FRANCISCO (MarketWatch) -- Energy stocks edged higher on Wednesday, losing some steam alongside the broader U.S. equity market as Federal Reserve Chairman Ben Bernanke said Fed bond-buying could taper ... http://www.heraldglobe.com/index.php/sid/214692751/scat/45419e6f687dd329 Wed, 22 May 2013 12:54:42 -0400 http://www.heraldglobe.com/index.php/sid/214692751/scat/45419e6f687dd329 LONDON - Federal Reserve Chairman Ben Bernanke's signal that monetary policy will remain loose gave stocks another lift Wednesday, paving the way for many indexes to advance to new record highs.Following a run of upbeat U.S. economic news, largely related to housing and jobs, there had been talk in the markets that the Fed may soon put a brake on its super-easy monetary policy, which has ... http://www.heraldglobe.com/index.php/sid/214692885/scat/45419e6f687dd329 Wed, 22 May 2013 12:53:23 -0400 http://www.heraldglobe.com/index.php/sid/214692885/scat/45419e6f687dd329 Federal Reserve Chairman Ben Bernanke (Image credit: AFP/Getty Images via @daylife) Stocks love it when Ben Bernanke speaks. The SPY is up about 0.5% this morning, catching a lift shortly after 10:00 a.m. when the Federal Reserve began his testimony before Congress' Joint Economic Committee. In his statement and remarks, Bernanke played down the idea of slowing the pace of asset purchases ... http://www.heraldglobe.com/index.php/sid/214692890/scat/45419e6f687dd329 Wed, 22 May 2013 12:50:19 -0400 http://www.heraldglobe.com/index.php/sid/214692890/scat/45419e6f687dd329 Ben Bernanke introduced a first round of quantitative easing during the worst of the financial crisis, as global markets tumbled and liquidity was sucked out of the system. Quantitative easing is an unorthodox application of monetary policy by which a central bank, in this case the Federal Reserve, loosens monetary policy further after having dropped the Federal Funds rate to the zero range. This ... http://www.heraldglobe.com/index.php/sid/214692889/scat/45419e6f687dd329 Wed, 22 May 2013 12:50:19 -0400 http://www.heraldglobe.com/index.php/sid/214692889/scat/45419e6f687dd329 reports its first quarter earnings on Friday, May 24, 2013. The consensus estimate is 87 cents per share, up 4.8% from a year ago when Foot reported earnings of 83 cents per share. The consensus estimate has declined from 91 cents over the past three months. For the fiscal year, analysts are projecting earnings of $2.82 per share. Revenue is projected to eclipse the year-earlier total of $1.58 ... http://www.heraldglobe.com/index.php/sid/214692758/scat/45419e6f687dd329 Wed, 22 May 2013 12:50:19 -0400 http://www.heraldglobe.com/index.php/sid/214692758/scat/45419e6f687dd329 reports its first quarter earnings on Thursday, May 23, 2013. Analysts are expecting a loss of $3 per share for the fiscal year. Analysts project revenue to fall 9.7% year-over-year to $8.37 billion for the quarter, after being $9.27 billion a year ago. For the year, revenue is projected to roll in at $36.45 billion. A year-over-year revenue increase in the fourth quarter of the last fiscal ... http://www.heraldglobe.com/index.php/sid/214692760/scat/45419e6f687dd329 Wed, 22 May 2013 12:50:17 -0400 http://www.heraldglobe.com/index.php/sid/214692760/scat/45419e6f687dd329 when the company releases its first quarter numbers on Friday, May 24, 2013. They are expecting the company to take a loss of 5 cents a share after Abercrombie & Fitch booked a profit of 3 cents a year ago. Over the past three months, the consensus estimate has sagged from 14 cents. For the fiscal year, analysts are expecting earnings of $3.50 per share. Revenue is expected to be $941.7 ... http://www.heraldglobe.com/index.php/sid/214692762/scat/45419e6f687dd329 Wed, 22 May 2013 12:50:17 -0400 http://www.heraldglobe.com/index.php/sid/214692762/scat/45419e6f687dd329 reports its fourth quarter earnings on Thursday, May 23, 2013. Analysts are expecting Patterson to report earnings of 62 cents per share, up 6.9% from a year ago when it reported earnings of 58 cents per share. The consensus estimate has decreased from 63 cents over the past month. For the fiscal year, analysts are projecting earnings of $2.03 per share. Revenue is expected to be $969.4 million ... http://www.heraldglobe.com/index.php/sid/214692759/scat/45419e6f687dd329 Wed, 22 May 2013 12:50:17 -0400 http://www.heraldglobe.com/index.php/sid/214692759/scat/45419e6f687dd329 announcement of its first quarter earnings on Thursday, May 23, 2013, analysts have become more bullish as expectations have improved over the past month from 28 cents per share to the current projection of earnings of 30 cents per share. Current Wall Street estimates reflect a 33.3% decline from the year-ago quarter, when the company reported earnings of 45 cents per share. The consensus ... http://www.heraldglobe.com/index.php/sid/214692761/scat/45419e6f687dd329 Wed, 22 May 2013 12:50:17 -0400 http://www.heraldglobe.com/index.php/sid/214692761/scat/45419e6f687dd329 Head of NYC private equity investments heads to private firm in which NYC pension invested. FORTUNE --Yesterday came newsthat Barry Miller had stepped down as head of private equity investments for the New York City Employee Retirement Systems (NYCERS), in order to open a New York City office for Connecticut-based private equity firm Landmark Partners. My immediate reaction: Is this a conflict ... http://www.heraldglobe.com/index.php/sid/214693288/scat/45419e6f687dd329 Wed, 22 May 2013 12:41:36 -0400 http://www.heraldglobe.com/index.php/sid/214693288/scat/45419e6f687dd329 Jamie Dimon won his battle to stay on as JPMorgan Chase's chairman, but he may soon have three new board members who might not take it so easy on ... http://www.heraldglobe.com/index.php/sid/214692841/scat/45419e6f687dd329 Wed, 22 May 2013 12:41:30 -0400 http://www.heraldglobe.com/index.php/sid/214692841/scat/45419e6f687dd329 Europe's busiest port of Rotterdam opened a multi-billion euro extension on Wednesday, with wider and deeper basins to accomodate the world's biggest freight ships. The Maasvlakte 2 project is the largest feat of Dutch maritime engineering in decades and is forecast to only reach full completion in 20 years. The initial stage of the extension has been completed at a cost of 1.55 ... http://www.heraldglobe.com/index.php/sid/214693467/scat/45419e6f687dd329 Wed, 22 May 2013 12:38:49 -0400 http://www.heraldglobe.com/index.php/sid/214693467/scat/45419e6f687dd329 1 of 4. Rene Bruelhart, director of the Vatican's Financial Information Authority (FIA), leaves at the end of a news conference at the Vatican May 22, ... http://www.heraldglobe.com/index.php/sid/214692774/scat/45419e6f687dd329 Wed, 22 May 2013 12:35:06 -0400 http://www.heraldglobe.com/index.php/sid/214692774/scat/45419e6f687dd329 LONDON (AFP) - Bank of England governor Mervyn King called in May for more quantitative easing stimulus cash at his penultimate meeting, but was out-voted for the fourth month in a row, minutes showed on Wednesday.The BoE's nine-member Monetary Policy Committee (MPC) voted 6-3 to maintain the stimulus amount at ?375 billion ($566 billion, 437 billion euros), repeating the voting pattern from ... http://www.heraldglobe.com/index.php/sid/214692392/scat/45419e6f687dd329 Wed, 22 May 2013 11:49:31 -0400 http://www.heraldglobe.com/index.php/sid/214692392/scat/45419e6f687dd329 is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company's commercial airplane division, told an investor conference on Wednesday.Conner told the conference he saw "great momentum" on the 787 program, after overheated batteries prompted a fleetwide grounding earlier this ... http://www.heraldglobe.com/index.php/sid/214691105/scat/45419e6f687dd329 Wed, 22 May 2013 11:49:29 -0400 http://www.heraldglobe.com/index.php/sid/214691105/scat/45419e6f687dd329 PARIS (AFP) - French bank Societe Generale said Wednesday it had sacked the head of its Russian unit Rosbank, who was arrested last week in Moscow for accepting a $1.5-million bribe."The Board of Directors of Rosbank has initiated the process of dismissal of Vladimir Golubkov as CEO of Rosbank," said Societe Generale, which owns a controlling stake in the Russian bank.Golubkov and his ... http://www.heraldglobe.com/index.php/sid/214691872/scat/45419e6f687dd329 Wed, 22 May 2013 11:49:26 -0400 http://www.heraldglobe.com/index.php/sid/214691872/scat/45419e6f687dd329 By Dmitry Zhdannikov and Claire MilhenchLONDON (Reuters) - Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.Regulators have scrutinised banks, trading houses and commodities markets more closely following the Libor ... http://www.heraldglobe.com/index.php/sid/214692393/scat/45419e6f687dd329 Wed, 22 May 2013 11:49:20 -0400 http://www.heraldglobe.com/index.php/sid/214692393/scat/45419e6f687dd329 (Reuters) - Video game maker Atari Inc is seeking court approval for the sale of all its assets as it works its way out of bankruptcy protection.The company said on Tuesday it tried looking for a buyer with the help of its investment banker Perella Weinberg Partners, but was unable to find a "stalking horse," or initial bidder, acceptable to it.Atari has set a minimum bid of $15 million ... http://www.heraldglobe.com/index.php/sid/214692394/scat/45419e6f687dd329 Wed, 22 May 2013 11:49:17 -0400 http://www.heraldglobe.com/index.php/sid/214692394/scat/45419e6f687dd329 Gupta was convicted of fraud and passing on insider secrets about Goldman Sachs to now felon Raj Rajaratnam. Rajaratnam is serving 11 years in prison for gaining insider tips for financial ... http://www.heraldglobe.com/index.php/sid/214691049/scat/45419e6f687dd329 Wed, 22 May 2013 11:42:30 -0400 http://www.heraldglobe.com/index.php/sid/214691049/scat/45419e6f687dd329 reports its first quarter earnings on Thursday, May 23, 2013. Analysts are projecting a loss of one cent per share, matching that number from a year ago. The consensus estimate has decreased from 0 cents over the past three months. For the fiscal year, analysts are expecting earnings of 0 cents per share. Revenue is projected to be 27.6% above the year-earlier total of $695.5 million at $887.1 ... http://www.heraldglobe.com/index.php/sid/214691056/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:35 -0400 http://www.heraldglobe.com/index.php/sid/214691056/scat/45419e6f687dd329 is expected to report poor first quarter earnings on Thursday, May 23, 2013 with analysts expecting a 5.5% drop in earnings from a year ago. The consensus estimate is $1.03 per share, down from earnings of $1.09 per share a year ago. Analysts are expecting earnings of $1.78 per share for the fiscal year. Analysts project revenue to fall 0.2% year-over-year to $274.7 million for the quarter, ... http://www.heraldglobe.com/index.php/sid/214691054/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:35 -0400 http://www.heraldglobe.com/index.php/sid/214691054/scat/45419e6f687dd329 when the company reports its first quarter results on Thursday, May 23, 2013. The consensus estimate is calling for profit of 57 cents a share, reflecting a rise from 50 cents per share a year ago. The consensus estimate has decreased from 58 cents over the past three months. For the fiscal year, analysts are expecting earnings of $2.80 per share. Revenue is projected to be $1.87 billion for the ... http://www.heraldglobe.com/index.php/sid/214691055/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:35 -0400 http://www.heraldglobe.com/index.php/sid/214691055/scat/45419e6f687dd329 when the company reports its fourth quarter results on Thursday, May 23, 2013. The consensus estimate is calling for profit of $1.30 a share, reflecting a rise from 99 cents per share a year ago. The consensus estimate has moved down from $1.32 over the past three months. Analysts are projecting earnings of $8.01 per share for the fiscal year. Revenue is projected to be $1.7 billion for the ... http://www.heraldglobe.com/index.php/sid/214691057/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:34 -0400 http://www.heraldglobe.com/index.php/sid/214691057/scat/45419e6f687dd329 reports its fourth quarter earnings on Thursday, May 23, 2013. Analysts are expecting Quality Systems to report earnings of 28 cents per share, up 7.7% from a year ago when it reported earnings of 26 cents per share. The consensus estimate has decreased from 29 cents over the past three months. For the fiscal year, analysts are expecting earnings of $1.07 per share. Revenue is projected to be ... http://www.heraldglobe.com/index.php/sid/214691058/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:33 -0400 http://www.heraldglobe.com/index.php/sid/214691058/scat/45419e6f687dd329 first quarter earnings announcement slated for Thursday, May 23, 2013, expectations have risen for the upcoming results. The consensus analyst estimate has gone from $1.05 per share to the current projection of earnings of $1.07 per share. In the year-ago quarter, Ross reported earnings of 93 cents per share, meaning current estimates reflect a 15.1% increase. The consensus estimate has gone ... http://www.heraldglobe.com/index.php/sid/214691061/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:33 -0400 http://www.heraldglobe.com/index.php/sid/214691061/scat/45419e6f687dd329 first quarter earnings announcement slated for Thursday, May 23, 2013, expectations have risen for the upcoming results. The consensus analyst estimate has gone from 57 cents per share to the current projection of earnings of 69 cents per ... http://www.heraldglobe.com/index.php/sid/214692395/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:33 -0400 http://www.heraldglobe.com/index.php/sid/214692395/scat/45419e6f687dd329 when the company reports its first quarter results on Thursday, May 23, 2013. Analysts are expecting earnings per share of $1.61 after the company booked a profit of $1.79 a share a year earlier. Over the past three months, the consensus estimate has fallen from $1.74. For the fiscal year, analysts are projecting earnings of $5.52 per share. Revenue is expected to be $2.01 billion for the ... http://www.heraldglobe.com/index.php/sid/214691062/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:32 -0400 http://www.heraldglobe.com/index.php/sid/214691062/scat/45419e6f687dd329 reports its second quarter earnings on Thursday, May 23, 2013. The consensus estimate is 49 cents per share, up 2.1% from a year ago when Hormel reported earnings of 48 cents per share. The consensus estimate has risen from 48 cents over the past three months. For the fiscal year, analysts are expecting earnings of $1.99 per share. Revenue is projected to be 8.8% above the year-earlier total of ... http://www.heraldglobe.com/index.php/sid/214691064/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:31 -0400 http://www.heraldglobe.com/index.php/sid/214691064/scat/45419e6f687dd329 admitted the economy is improving, but made it clear that he has no intention of tapering quantitative easing. The Chairman attributed much of the recent improvement, particularly in housing, to the Fed's ultra-accommodative monetary policy, but considered it was still too early to begin tightening. After much talk of tapering and indications that the Fed could be ready to cut back on its ... http://www.heraldglobe.com/index.php/sid/214691211/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:31 -0400 http://www.heraldglobe.com/index.php/sid/214691211/scat/45419e6f687dd329 peer-to-peer loans can provide you double digit annual returns. However, you need to be prepared for defaults. Many borrowers aren't going to pay off the full amount they owe. Ironically, a large number of defaults may be a sign that you're investing ... http://www.heraldglobe.com/index.php/sid/214692396/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:31 -0400 http://www.heraldglobe.com/index.php/sid/214692396/scat/45419e6f687dd329 to have a poor quarter and swing to a loss when it reports its first quarter earnings on Thursday, May 23, 2013. They are expecting Aeropostale to come in at a loss of 18 cents per share, a reversal from earnings of 13 cents per share a year ago. The consensus estimate has fallen over the past three months, from 9 cents. Analysts are projecting earnings of 46 cents per share for the fiscal year. ... http://www.heraldglobe.com/index.php/sid/214691063/scat/45419e6f687dd329 Wed, 22 May 2013 11:38:31 -0400 http://www.heraldglobe.com/index.php/sid/214691063/scat/45419e6f687dd329 Prices of everything from gold to oil to corn are falling fast. Here's how you can benefit. FORTUNE –Commodities are falling fast on worries that China's economy is slowing and that the economic recovery in parts of Europe and elsewhere has stalled. Copper has sunk to a three-year low, falling below $7,000 a ton in April. For the first time since last July, Brent crude oil fell ... http://www.heraldglobe.com/index.php/sid/214692419/scat/45419e6f687dd329 Wed, 22 May 2013 11:31:13 -0400 http://www.heraldglobe.com/index.php/sid/214692419/scat/45419e6f687dd329 The motorist organization forecasts a decline of 0.9% in overall travel compared to last year, with 34.8 million Americans making a journey of 50 miles or ... http://www.heraldglobe.com/index.php/sid/214692398/scat/45419e6f687dd329 Wed, 22 May 2013 11:29:35 -0400 http://www.heraldglobe.com/index.php/sid/214692398/scat/45419e6f687dd329 AAPL ) taxes turned up two kinds of stories. Headlines reporting on the fact of the hearing tended to use metaphors of violence ("rip," "lambaste," "clash," "spar," "fend off") or of high-temperature torture ("grilled," "hot seat"). But the journalists who reported on the atmospherics -- and, dare I say, the substance -- of ... http://www.heraldglobe.com/index.php/sid/214691439/scat/45419e6f687dd329 Wed, 22 May 2013 11:29:35 -0400 http://www.heraldglobe.com/index.php/sid/214691439/scat/45419e6f687dd329 data from research firm Privco. They also claimed that Spark Capital's Bijan Sabet made $77 million for himself, in addition to whatever carry he's entitled to as a partner in the Spark Capital fund that invested alongside USV. In short, the Privco report is a load of Yahoo. Here are the actual numbers, based on sources familiar with the situation: USV and Spark Capital each invested ... http://www.heraldglobe.com/index.php/sid/214692397/scat/45419e6f687dd329 Wed, 22 May 2013 11:29:34 -0400 http://www.heraldglobe.com/index.php/sid/214692397/scat/45419e6f687dd329 The National Association of Realtors reported home sales edged up 0.6% to an annual pace of just under 5 million homes. Compared to a year ago, the pace of sales was up nearly ... http://www.heraldglobe.com/index.php/sid/214691159/scat/45419e6f687dd329 Wed, 22 May 2013 11:29:24 -0400 http://www.heraldglobe.com/index.php/sid/214691159/scat/45419e6f687dd329 Bernanke told lawmakers that the Fed is aware of the potential risks associated with its bond-buying program, but said slowing the pace of purchases and raising interest rates prematurely could derail the economic ... http://www.heraldglobe.com/index.php/sid/214691157/scat/45419e6f687dd329 Wed, 22 May 2013 11:29:23 -0400 http://www.heraldglobe.com/index.php/sid/214691157/scat/45419e6f687dd329 By Katharina Bart and Albert Schmieder ZURICH (Reuters) - Swiss banks fear heavy fines they expect to pay to settle a long-running dispute with U.S. authorities over helping wealthy Americans evade tax could hit smaller lenders particularly ... http://www.heraldglobe.com/index.php/sid/214691144/scat/45419e6f687dd329 Wed, 22 May 2013 11:23:33 -0400 http://www.heraldglobe.com/index.php/sid/214691144/scat/45419e6f687dd329 Vladimir Golubkov, the head of Societe Generale's Russian unit Rosbank, looks out from a holding cell during a court hearing in Moscow May 16, ... http://www.heraldglobe.com/index.php/sid/214691081/scat/45419e6f687dd329 Wed, 22 May 2013 11:23:01 -0400 http://www.heraldglobe.com/index.php/sid/214691081/scat/45419e6f687dd329 Wed May 22, 2013 11:09am EDT * S&P, Dow hit fresh historic highs, gains prove fleeting * Bernanke touts benefits of Fed easing * Saks rallies on report it could sell itself * Dow up 0.4 pct, S&P up 0.3 pct, Nasdaq up 0.2 pct By Rodrigo Campos NEW YORK, May 22 (Reuters) - U.S. stocks rose on Wednesday, giving up some gains after an initial rally, after Federal Reserve Chairman Ben Bernanke said ... http://www.heraldglobe.com/index.php/sid/214692772/scat/45419e6f687dd329 Wed, 22 May 2013 11:09:10 -0400 http://www.heraldglobe.com/index.php/sid/214692772/scat/45419e6f687dd329 Wed May 22, 2013 10:49am EDT * Deals with Portugal, Spain and France * Berlin aims to get speedier response than EU * Critics say efforts are belated By Annika Breidthardt BERLIN, May 22 (Reuters) - Germany is banking on bilateral deals to fight record youth unemployment in the euro zone, agreeing to cooperate with several countries to bypass pan-European bureaucracy. On Wednesday, Finance ... http://www.heraldglobe.com/index.php/sid/214691574/scat/45419e6f687dd329 Wed, 22 May 2013 10:49:01 -0400 http://www.heraldglobe.com/index.php/sid/214691574/scat/45419e6f687dd329 Reuters © A Saudi man walks on a street past a field of solar panels at the King Abdulaziz city of Sciences and Technology, Al-Oyeynah Research Station in this May 21, 2012 file photo. A slide in solar power costs and a surge in oil prices over the last few years has made solar power a win-win strategy for Saudi Arabia: saving billions of dollars of crude for export while making electricity ... http://www.heraldglobe.com/index.php/sid/214689797/scat/45419e6f687dd329 Wed, 22 May 2013 10:36:36 -0400 http://www.heraldglobe.com/index.php/sid/214689797/scat/45419e6f687dd329 WASHINGTON (AFP) - US Federal Reserve Chairman Ben Bernanke acknowledged the risks of the Fed's low interest-rate policy Wednesday but warned that tightening policy now could stall the US recovery.Bernanke said in a statement to Congress that US economic growth continues at a moderate pace and, despite a slump in prices in the past two months that has sparked some fears of deflation, the Fed ... http://www.heraldglobe.com/index.php/sid/214689611/scat/45419e6f687dd329 Wed, 22 May 2013 10:36:33 -0400 http://www.heraldglobe.com/index.php/sid/214689611/scat/45419e6f687dd329 Reuters © Workers stand in a factory at an industrial complex in Sadat City, 94 km (58 miles) north of Cairo, April 17, 2013. REUTERS/Amr Abdallah ... http://www.heraldglobe.com/index.php/sid/214690005/scat/45419e6f687dd329 Wed, 22 May 2013 10:36:31 -0400 http://www.heraldglobe.com/index.php/sid/214690005/scat/45419e6f687dd329 SAN FRANCISCO (MarketWatch) -- Apple Inc. and NetApp Inc. led the tech sector higher Wednesday, but the group was weighed down by declining shares of Oracle Corp. and Microsoft ... http://www.heraldglobe.com/index.php/sid/214689459/scat/45419e6f687dd329 Wed, 22 May 2013 10:29:33 -0400 http://www.heraldglobe.com/index.php/sid/214689459/scat/45419e6f687dd329 NEW YORK (MarketWatch) -- The U.S. dollar fell Wednesday as investors waited to hear Federal Reserve Chairman Ben Bernanke's view of the U.S. economy and what that may mean for the Fed's bond-buying ... http://www.heraldglobe.com/index.php/sid/214689458/scat/45419e6f687dd329 Wed, 22 May 2013 10:29:32 -0400 http://www.heraldglobe.com/index.php/sid/214689458/scat/45419e6f687dd329 NEW YORK (MarketWatch) -- U.S. stocks moved up modestly in Wednesday's early going before Federal Reserve Chairman Ben Bernanke's much-anticipated appearance in front of ... http://www.heraldglobe.com/index.php/sid/214689457/scat/45419e6f687dd329 Wed, 22 May 2013 10:29:31 -0400 http://www.heraldglobe.com/index.php/sid/214689457/scat/45419e6f687dd329 Wal-Mart 's Q1 fiscal 2014 results were disappointing as its U.S. comparable store sales declined by 1.4%. This can be mainly attributed to weak consumer spending during the quarter due to the payroll tax increase and delayed tax refunds. Also, the unusually long winter impacted sales of weather-sensitive products. However, there were some underlying positives for the retailer, including ... http://www.heraldglobe.com/index.php/sid/214689467/scat/45419e6f687dd329 Wed, 22 May 2013 10:25:53 -0400 http://www.heraldglobe.com/index.php/sid/214689467/scat/45419e6f687dd329 The Travelers Companies, Inc. is the sixth largest property and casualty insurer in the U.S. with a market share of 4.5% in terms of premiums earned. We have revised our price estimate for Travelers to $94, implying a premium of 10% to the market price. In our valuation model, we have divided the company into three business ... http://www.heraldglobe.com/index.php/sid/214689511/scat/45419e6f687dd329 Wed, 22 May 2013 10:25:53 -0400 http://www.heraldglobe.com/index.php/sid/214689511/scat/45419e6f687dd329 Microsoft promises the Xbox One will be more than just a game console, but a "living room" with a TV tuner and cable box. Users will be able to switch between watching TV and gaming instantly through the Kinect ... http://www.heraldglobe.com/index.php/sid/214690675/scat/45419e6f687dd329 Wed, 22 May 2013 10:25:51 -0400 http://www.heraldglobe.com/index.php/sid/214690675/scat/45419e6f687dd329 Baidu is the leading online search provider in China. While its top-line continues to grow at a healthy rate, the company's profitability has suffered in the recent past on account of various factors such as increased competition from new entrants, including Qihoo, and due to investments in mobile strategy. In Q1 2013, Baidu's revenue grew by 40% annually, however, its operating margin ... http://www.heraldglobe.com/index.php/sid/214690673/scat/45419e6f687dd329 Wed, 22 May 2013 10:25:51 -0400 http://www.heraldglobe.com/index.php/sid/214690673/scat/45419e6f687dd329 Zale Corp . on Wednesday made a surprise announcement that Terry Burman was appointed as board chairman of the Dallas-based jeweler, whose retail brands include Zales Jewelers, Zales Outlet and Gordon's Jewelers. Burman was the highly successful CEO ... http://www.heraldglobe.com/index.php/sid/214690674/scat/45419e6f687dd329 Wed, 22 May 2013 10:25:51 -0400 http://www.heraldglobe.com/index.php/sid/214690674/scat/45419e6f687dd329 Publisher Pearson said on Wednesday it would pay $75 million in consumer damages plus cost and fees as part of a deal with the United States to settle anti-trust claims relating ... http://www.heraldglobe.com/index.php/sid/214690652/scat/45419e6f687dd329 Wed, 22 May 2013 10:17:13 -0400 http://www.heraldglobe.com/index.php/sid/214690652/scat/45419e6f687dd329 The Federal Reserve has kept its key short-term interest rate near zero since December 2008, and expects it to stay there for a "considerable time" as the recovery strengthens, Bernanke said. The central bank is also engaged in a controversial stimulus policy known as quantitative easing, in which it buys $85 billion a month in mortgage-backed securities and Treasury bonds. The policy ... http://www.heraldglobe.com/index.php/sid/214689630/scat/45419e6f687dd329 Wed, 22 May 2013 10:16:25 -0400 http://www.heraldglobe.com/index.php/sid/214689630/scat/45419e6f687dd329 New York Fed president William Dudley on Tuesday helped ease fears the Fed is preparing to taper off its unconventional stimulus policies, including quantitative easing, which has helped propel stocks to record highs this year. David Lutz, head ETF trader at Stifel Nicolaus, said investors are not anticipating Bernanke to signal any major change in policy. . Bernanke will make a statement and ... http://www.heraldglobe.com/index.php/sid/214690677/scat/45419e6f687dd329 Wed, 22 May 2013 10:16:25 -0400 http://www.heraldglobe.com/index.php/sid/214690677/scat/45419e6f687dd329 The U.K. should spend more on infrastructure projects this year and cut corporate taxes to shore up its fragile economic recovery, said the International Monetary ... http://www.heraldglobe.com/index.php/sid/214690676/scat/45419e6f687dd329 Wed, 22 May 2013 10:16:24 -0400 http://www.heraldglobe.com/index.php/sid/214690676/scat/45419e6f687dd329 Royal Bank of Scotland and Lloyds won't need to tap investors or taxpayers for new funds to bolster their financial strength as they prepare to be returned to the private ... http://www.heraldglobe.com/index.php/sid/214689476/scat/45419e6f687dd329 Wed, 22 May 2013 10:16:23 -0400 http://www.heraldglobe.com/index.php/sid/214689476/scat/45419e6f687dd329 New York Fed president William Dudley on Tuesday helped ease fears the Fed is preparing to taper off its unconventional stimulus policies, including quantitative easing, which has helped propel stocks to record highs this year. David Lutz, head ETF trader at Stifel Nicolaus, said investors are not anticipating Bernanke to signal any major change in policy. . Bernanke will make a statement and ... http://www.heraldglobe.com/index.php/sid/214690678/scat/45419e6f687dd329 Wed, 22 May 2013 10:16:19 -0400 http://www.heraldglobe.com/index.php/sid/214690678/scat/45419e6f687dd329 The Federal Reserve has kept its key short-term interest rate near zero since December 2008, and expects it to stay there for a "considerable time" as the recovery strengthens, Bernanke said. The central bank is also engaged in a controversial stimulus policy known as quantitative easing, in which it buys $85 billion a month in mortgage-backed securities and Treasury bonds. The policy ... http://www.heraldglobe.com/index.php/sid/214689560/scat/45419e6f687dd329 Wed, 22 May 2013 10:16:14 -0400 http://www.heraldglobe.com/index.php/sid/214689560/scat/45419e6f687dd329 HONG KONG (Reuters) - A close political ally of Hong Kong's chief executive has vowed to cooperate with an investigation into the shuttered Hong Kong Mercantile Exchange after the city's financial watchdog said it had alerted the police to ... http://www.heraldglobe.com/index.php/sid/214689542/scat/45419e6f687dd329 Wed, 22 May 2013 10:10:03 -0400 http://www.heraldglobe.com/index.php/sid/214689542/scat/45419e6f687dd329 The vote followed the committee's decision to embrace a Republican move to ease restrictions on high-tech US companies that want to hire more skilled workers from countries like India and ... http://www.heraldglobe.com/index.php/sid/214689680/scat/45419e6f687dd329 Wed, 22 May 2013 10:00:48 -0400 http://www.heraldglobe.com/index.php/sid/214689680/scat/45419e6f687dd329 NEW YORK | Wed May 22, 2013 9:33am EDT NEW YORK May 22 (Reuters) - U.S. stocks rose slightly at the open, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy. The Dow Jones industrial average gained 18.20 points, or 0.12 percent, to 15,405.78. The Standard and Poor's 500 Index added 1.97 points, or 0.12 ... http://www.heraldglobe.com/index.php/sid/214689478/scat/45419e6f687dd329 Wed, 22 May 2013 09:33:34 -0400 http://www.heraldglobe.com/index.php/sid/214689478/scat/45419e6f687dd329 By Marius ZahariaLONDON (Reuters) - Credit rating firms say they could further downgrade the ratings of highly indebted euro zone countries, putting their bonds at risk of being pitched out of global indexes and reversing a fall in their borrowing costs.The view from the rating firms contrasts with the sanguine attitude of investors who, flush with central bank cash and reassured by the European ... http://www.heraldglobe.com/index.php/sid/214688064/scat/45419e6f687dd329 Wed, 22 May 2013 09:18:29 -0400 http://www.heraldglobe.com/index.php/sid/214688064/scat/45419e6f687dd329 BRUSSELS (Reuters) - European leaders meet on Wednesday to discuss tax policy and specifically their concerns over how a number of high-profile international companies have managed to pay next to no tax on their vast sales revenue generated in Europe.Following is a summary of several recent cases and links to the Reuters stories on each one.APPLE INC.An investigation by the U.S. Senate showed ... http://www.heraldglobe.com/index.php/sid/214689109/scat/45419e6f687dd329 Wed, 22 May 2013 09:18:22 -0400 http://www.heraldglobe.com/index.php/sid/214689109/scat/45419e6f687dd329 LOS ANGELES (AFP) - Solar Impulse, the first aircraft that can fly day and night fueled entirely by energy from the sun, embarked Wednesday on the second leg of its historic journey across the American continent.The solar-powered airplane departed at 1147 GMT from an airport in Phoenix, Arizona en route to Dallas, Texas, a trip of about 830 miles (1,300 kilometers), in a bid to set a new world ... http://www.heraldglobe.com/index.php/sid/214688031/scat/45419e6f687dd329 Wed, 22 May 2013 09:18:14 -0400 http://www.heraldglobe.com/index.php/sid/214688031/scat/45419e6f687dd329 NEW YORK (MarketWatch) -- Treasurys traded slightly higher on Wednesday as the market waited for Federal Reserve Chairman Ben Bernanke to appear before ... http://www.heraldglobe.com/index.php/sid/214687987/scat/45419e6f687dd329 Wed, 22 May 2013 09:11:38 -0400 http://www.heraldglobe.com/index.php/sid/214687987/scat/45419e6f687dd329 NEW YORK (MarketWatch) -- Earnings results drove premarket action on Wednesday as NetApp Inc. rose while Staples Inc. and Lowe's Cos. ... http://www.heraldglobe.com/index.php/sid/214687988/scat/45419e6f687dd329 Wed, 22 May 2013 09:11:36 -0400 http://www.heraldglobe.com/index.php/sid/214687988/scat/45419e6f687dd329 Xbox One is powered by an eight-core processor. The processor is based on Jaguar design by AMD. The processor is customized for DirectX 11.1 graphics and contains 32 MB ESRAM memory. The system supports 8 GB of RAM, but RAM does not appear to be GDDR5 as in PlayStation 4 ... http://www.heraldglobe.com/index.php/sid/214687992/scat/45419e6f687dd329 Wed, 22 May 2013 09:07:56 -0400 http://www.heraldglobe.com/index.php/sid/214687992/scat/45419e6f687dd329 (Photo credit: Wikipedia) Lowe's Companies this morning reported disappointing quarterly figures and outlook, underscoring the operational difference between itself and its larger, and more profitable, rival Home Depot. Blaming a cold spring, Lowe's saw same-store sales declined 0.7%. This metric provides a glimpse at a retailer's health because it strips away volatile results ... http://www.heraldglobe.com/index.php/sid/214689125/scat/45419e6f687dd329 Wed, 22 May 2013 09:07:55 -0400 http://www.heraldglobe.com/index.php/sid/214689125/scat/45419e6f687dd329 Sony new chief Kazuo Hirai speaks during a press briefing to announce his plans to turn around the iconic firm at the company's headquarters. (Image credit: AFP/Getty Images via ... http://www.heraldglobe.com/index.php/sid/214688651/scat/45419e6f687dd329 Wed, 22 May 2013 09:07:55 -0400 http://www.heraldglobe.com/index.php/sid/214688651/scat/45419e6f687dd329 Watch out Apple and Samsung? Caterpillar launched a drop-proof, water-proof, dust-proof smartphone Monday that you actually wouldn't be embarrassed to carry around with ... http://www.heraldglobe.com/index.php/sid/214688001/scat/45419e6f687dd329 Wed, 22 May 2013 08:58:50 -0400 http://www.heraldglobe.com/index.php/sid/214688001/scat/45419e6f687dd329 From a pet relocation service, a wine lifestyle marketer, to a scrap metal regenerator, America's urban core is home to a variety of fast-growing companies. Here's the top 100, as ranked by the Initiative for a Competitive Inner ... http://www.heraldglobe.com/index.php/sid/214688230/scat/45419e6f687dd329 Wed, 22 May 2013 08:58:47 -0400 http://www.heraldglobe.com/index.php/sid/214688230/scat/45419e6f687dd329 As more entrepreneurs flock to the state, experts are pointing to a combination of growth-friendly conditions that have small businesses growing in, and messing with, ... http://www.heraldglobe.com/index.php/sid/214688051/scat/45419e6f687dd329 Wed, 22 May 2013 08:58:35 -0400 http://www.heraldglobe.com/index.php/sid/214688051/scat/45419e6f687dd329 As a health nut and foodie, 36-year-old Shazi Visram had a problem with processed baby food. Namely, it was gross, and people felt bad about feeding it to their ... http://www.heraldglobe.com/index.php/sid/214688076/scat/45419e6f687dd329 Wed, 22 May 2013 08:58:35 -0400 http://www.heraldglobe.com/index.php/sid/214688076/scat/45419e6f687dd329 According to the National Women's Law Center, in 2010 women held a tiny percentage -- 2.6 -- of the U.S.'s 8.4 million construction jobs, the same percentage they held in 1983. The NWLC faults "barriers such as gender stereotypes, sexual harassment, a lack of awareness about opportunities in construction, and insufficient ... http://www.heraldglobe.com/index.php/sid/214688078/scat/45419e6f687dd329 Wed, 22 May 2013 08:58:35 -0400 http://www.heraldglobe.com/index.php/sid/214688078/scat/45419e6f687dd329 Wed May 22, 2013 8:21am EDT (Recasts, adds COO comments and details) By Nathan Layne TOKYO May 22 (Reuters) - Japan's largest brokerage firm Nomura Holdings Inc said on Wednesday it was seeking partners to expand its retail and asset management operations in Southeast Asia and was in talks with several financial institutions in the region. Chief Operating Officer Atsushi Yoshikawa did not ... http://www.heraldglobe.com/index.php/sid/214688455/scat/45419e6f687dd329 Wed, 22 May 2013 08:21:11 -0400 http://www.heraldglobe.com/index.php/sid/214688455/scat/45419e6f687dd329 Wed May 22, 2013 8:10am EDT * Saks rallies on report it could sell itself * Bernanke seen hitting dovish note in testimony * Futures up: Dow 18 pts, S&P 3.4 pts, Nasdaq 7 pts By Rodrigo Campos NEW YORK, May 22 (Reuters) - U.S. stock index futures rose in thin trading on Wednesday, ahead of highly anticipated Congressional testimony by Federal Reserve Chairman Ben Bernanke on the economy and ... http://www.heraldglobe.com/index.php/sid/214688004/scat/45419e6f687dd329 Wed, 22 May 2013 08:10:53 -0400 http://www.heraldglobe.com/index.php/sid/214688004/scat/45419e6f687dd329 VATICAN CITY (AFP) - The Vatican on Wednesday said it was a "credible partner" in the struggle against money laundering as it published its first-ever report on efforts to meet international rules on suspect financing.The Vatican "is already a credible partner," said Rene Bruelhart, director of the Vatican's Financial Intelligence Authority (FIA), who was appointed last ... http://www.heraldglobe.com/index.php/sid/214687252/scat/45419e6f687dd329 Wed, 22 May 2013 08:07:18 -0400 http://www.heraldglobe.com/index.php/sid/214687252/scat/45419e6f687dd329 Reuters © Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland in this October 6, 2011 file photo. Ireland said on May 21, 2013 it was not to blame for Apple Inc's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits stashed in Irish subsidiaries. ... http://www.heraldglobe.com/index.php/sid/214687237/scat/45419e6f687dd329 Wed, 22 May 2013 08:07:15 -0400 http://www.heraldglobe.com/index.php/sid/214687237/scat/45419e6f687dd329 Xbox One announcement , there's a term for the shiny, face-forward product image they'll be showing from now until unboxing day: the hero shot. But as Redmond executives went on about octa-core processors and infrared depth censors (which, don't get me wrong, are hugely important), I was anxiously waiting for a look at the box's backside, where I hoped to find the real hero: a ... http://www.heraldglobe.com/index.php/sid/214687706/scat/45419e6f687dd329 Wed, 22 May 2013 07:47:54 -0400 http://www.heraldglobe.com/index.php/sid/214687706/scat/45419e6f687dd329 Wall Street analyst reports are like paper hankies: useful when needed but less than durable and easily disposed of afterward. Not so the annual "Car Wars" report by Bank of America Merrill Lynch's John Murphy. Published each May for some two decades, it provides a glimpse into the future of ... http://www.heraldglobe.com/index.php/sid/214686703/scat/45419e6f687dd329 Wed, 22 May 2013 07:47:46 -0400 http://www.heraldglobe.com/index.php/sid/214686703/scat/45419e6f687dd329 LONDON: Britain's government borrowed less than forecast in April as high tax receipts boosted state coffers, official data showed on Wednesday. Public sector net borrowing stood at 6.3 billion ($9.5 billion, 7.4 billion euros) in April, the first month of the government's fiscal year, ... http://www.heraldglobe.com/index.php/sid/214687161/scat/45419e6f687dd329 Wed, 22 May 2013 07:32:40 -0400 http://www.heraldglobe.com/index.php/sid/214687161/scat/45419e6f687dd329 reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season and strong competition from larger rival Home Depot ... http://www.heraldglobe.com/index.php/sid/214686348/scat/45419e6f687dd329 Wed, 22 May 2013 06:58:15 -0400 http://www.heraldglobe.com/index.php/sid/214686348/scat/45419e6f687dd329 LONDON (AFP) - British retail sales slid unexpectedly last month amid cold spring weather, official data showed on Wednesday.Retail sales sank by 1.3 percent in April from March, the Office for National Statistics (ONS) announced in a statement.Market expectations had been for a rise of 0.1 percent, according to a survey by Dow Jones Newswires.Retail sales grew by 0.5 percent in April compared ... http://www.heraldglobe.com/index.php/sid/214685698/scat/45419e6f687dd329 Wed, 22 May 2013 06:58:10 -0400 http://www.heraldglobe.com/index.php/sid/214685698/scat/45419e6f687dd329 SYDNEY (AFP) - Australian children are accessing social media websites at an increasingly younger age, a new survey suggests, with one in five "tweens" admitting they have chatted to someone online they do not know.The report "Tweens, Teens and Technology" by online security company McAfee found that children in the tweens age category of eight to 12 were adopting technology ... http://www.heraldglobe.com/index.php/sid/214686340/scat/45419e6f687dd329 Wed, 22 May 2013 06:58:07 -0400 http://www.heraldglobe.com/index.php/sid/214686340/scat/45419e6f687dd329 LONDON (Reuters) - Shares in Britain's No.4 grocer Wm Morrison Supermarkets fell 3 percent on Wednesday after UBS confirmed it had placed around 100 million shares in the firm at 280 pence for an institutional seller.The sale represents a 4.4 percent stake in Morrisons and is equivalent to eight days worth of volume. The shares, which closed at 289.30 pence on Tuesday, traded at 280.9 pence ... http://www.heraldglobe.com/index.php/sid/214686349/scat/45419e6f687dd329 Wed, 22 May 2013 06:58:02 -0400 http://www.heraldglobe.com/index.php/sid/214686349/scat/45419e6f687dd329 Trading on the Nasdaq stock exchange, the world's leading market for technology stocks, will be opened for the first time from Ireland on October 30. The opening bell will be rung live on stage in front of 7,000 people at the RDS during this year's Web Summit. According to the Web Summit organisers, remote opening and closing bell ceremonies are extremely rare, with the ceremony ... http://www.heraldglobe.com/index.php/sid/214686350/scat/45419e6f687dd329 Wed, 22 May 2013 06:54:54 -0400 http://www.heraldglobe.com/index.php/sid/214686350/scat/45419e6f687dd329 MADRID (MarketWatch) -- U.S. stock market futures were pointing to a slightly firmer start for Wall Street on Wednesday ahead of a key appearance from Federal Reserve Chairman Ben Bernanke, along with minutes of the recent Fed ... http://www.heraldglobe.com/index.php/sid/214685562/scat/45419e6f687dd329 Wed, 22 May 2013 06:51:34 -0400 http://www.heraldglobe.com/index.php/sid/214685562/scat/45419e6f687dd329 KMDA ) plans to raise up to $69 million on Nasdaq next week, following the IPO by Alcobra Pharmaceuticals Ltd. on Tuesday. The capital that Kamada plans to raise will be at a company value roughly equal to its current market cap of $331 million on the Tel Aviv Stock Exchange (TASE). The underwriters, Morgan Stanley (NYSE: MS) and Jeffries & Co. have an over-allotment offer to buy up to an ... http://www.heraldglobe.com/index.php/sid/214686019/scat/45419e6f687dd329 Wed, 22 May 2013 06:48:32 -0400 http://www.heraldglobe.com/index.php/sid/214686019/scat/45419e6f687dd329