Provides the latest RSS feeds for World 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/da4df54c389ee3f7/ en-us Fri, 24 May 2013 09:58:13 -0400 Fri, 24 May 2013 09:58:13 -0400 30 Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves. Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor ... http://www.heraldglobe.com/index.php/sid/214713756/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:00:01 -0400 http://www.heraldglobe.com/index.php/sid/214713756/scat/da4df54c389ee3f7 U.S. stock futures rise Stock futures on Wall Street were falling ahead of the start to regular trading on Friday as markets in Japan saw heightened volatility.Dow Jones industrial average index stock futures fell 0.2%, Standard & Poor's 500 index stock futures lost 0.4% and Nasdaq 100 index stock futures were also down 0.4%.On Thursday, the Dow and Nasdaq index closed the session down ... http://www.heraldglobe.com/index.php/sid/214737434/scat/da4df54c389ee3f7 Fri, 24 May 2013 08:54:09 -0400 http://www.heraldglobe.com/index.php/sid/214737434/scat/da4df54c389ee3f7 Nikkei , which plunged 7% Thursday, finished a rocky trading day with a 0.9% gain. "In Tokyo we've seen an attempt at a recovery," said Nick Beecroft, senior market analyst at Saxo Capital Markets. "That's a pretty normal profile for market action in a correction such as ... http://www.heraldglobe.com/index.php/sid/214737435/scat/da4df54c389ee3f7 Fri, 24 May 2013 08:53:04 -0400 http://www.heraldglobe.com/index.php/sid/214737435/scat/da4df54c389ee3f7 China is at a crossroads. Its leaders are committed to dramatically transforming the world's second-largest economy. They want so-called knowledge businesses to supplement manufacturing. They want to increase domestic consumption to bolster growth. They want the world to covet Chinese brands. Business and political leaders from around the world will discuss and debate this ambitious vision ... http://www.heraldglobe.com/index.php/sid/214738054/scat/da4df54c389ee3f7 Fri, 24 May 2013 08:52:58 -0400 http://www.heraldglobe.com/index.php/sid/214738054/scat/da4df54c389ee3f7 -0.15% climbed 3.4% in premarket trading Friday after the company announced the appointment of President and CEO Alan George Lafley. Lafley previously served in the chief executive role from 2000 to 2009. He replaces Robert McDonald as CEO. Lafley joined the company in 1977. Activist investor Bill Ackman, CEO of Pershing Square Capital Management, made a bullish call on P&G earlier this ... http://www.heraldglobe.com/index.php/sid/214738056/scat/da4df54c389ee3f7 Fri, 24 May 2013 08:45:07 -0400 http://www.heraldglobe.com/index.php/sid/214738056/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- U.S. stock index futures pared losses Friday after data showed April orders for durable goods rose more than expected. Orders for long-lasting, big-ticket items rose 3.3%, the Commerce Department said, topping forecasts for a 1.4% rise. Futures on the S&P 500 ... http://www.heraldglobe.com/index.php/sid/214738057/scat/da4df54c389ee3f7 Fri, 24 May 2013 08:45:06 -0400 http://www.heraldglobe.com/index.php/sid/214738057/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - Orders for big-ticket U.S. goods rose 3.3% in April, led by higher demand for aircraft, military wares and autos. Economists surveyed by MarketWatch had expected orders to rise 1.4%. Stripping out the volatile transportation sector, orders rose a smaller 1.3%, ... http://www.heraldglobe.com/index.php/sid/214738060/scat/da4df54c389ee3f7 Fri, 24 May 2013 08:45:05 -0400 http://www.heraldglobe.com/index.php/sid/214738060/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - New orders for durable goods are expected to rise 1.4% in April, according to economists polled by MarketWatch, with most of the gains concentrated in autos and airlines. Other manufacturers probably won't show much improvement, analysts say. The durables report will be issued at 8:30 a.m. Eastern by the Commerce Department. Economists also closely watch another ... http://www.heraldglobe.com/index.php/sid/214738059/scat/da4df54c389ee3f7 Fri, 24 May 2013 08:45:05 -0400 http://www.heraldglobe.com/index.php/sid/214738059/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- Treasury prices stepped higher Friday ahead of a report on orders for long-lasting big-ticket items. Durable goods orders are expected to increase 1.4% in April after falling 6.9% in March. The 10-year ... http://www.heraldglobe.com/index.php/sid/214738058/scat/da4df54c389ee3f7 Fri, 24 May 2013 08:45:04 -0400 http://www.heraldglobe.com/index.php/sid/214738058/scat/da4df54c389ee3f7 Fri May 24, 2013 8:15am EDT * Durable goods orders on tap * P&G shares rise after CEO replacement * Abercrombie shares fall after results * Futures off: Dow 43 pts, S&P 7 pts, Nasdaq 14 pts By Rodrigo Campos NEW YORK, May 24 (Reuters) - U.S. stock index futures fell on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the central bank may scale back its ... http://www.heraldglobe.com/index.php/sid/214737442/scat/da4df54c389ee3f7 Fri, 24 May 2013 08:15:20 -0400 http://www.heraldglobe.com/index.php/sid/214737442/scat/da4df54c389ee3f7 Fri May 24, 2013 8:11am EDT * World shares steady but liquidity fears remain * U.S. stocks set to follow European markets lower * German Ifo index seen pushing back ECB rate cut * Dollar index down 0.3 pct, yen resumes rise By Richard Hubbard LONDON, May 24 (Reuters) - World share markets looked vulnerable to further falls on Friday, with brighter economic news from Europe doing little to ... http://www.heraldglobe.com/index.php/sid/214737461/scat/da4df54c389ee3f7 Fri, 24 May 2013 08:11:35 -0400 http://www.heraldglobe.com/index.php/sid/214737461/scat/da4df54c389ee3f7 Merrill Lynch has provided a new committed facility to fund the bond redemption, the company said. The facility pays L+150-275, the football club added. The company has been repurchasing the bonds in the open market, and during the nine months it had repurchased and retired £62.6 million ($101.7 million) of the secured notes, for a total consideration of £67.9 million. For the third ... http://www.heraldglobe.com/index.php/sid/214736688/scat/da4df54c389ee3f7 Fri, 24 May 2013 08:07:52 -0400 http://www.heraldglobe.com/index.php/sid/214736688/scat/da4df54c389ee3f7 The nation's largest consumer products company -- the maker of iconic products such as Tide, Pampers, Crest, Duracell and Pepto-Bismol -- announced late Thursday that McDonald, 59, is leaving the company effective immediately. A.G. Lafley, 66, who served as CEO from 2000 through 2009, returns to be both CEO and ... http://www.heraldglobe.com/index.php/sid/214736690/scat/da4df54c389ee3f7 Fri, 24 May 2013 07:57:45 -0400 http://www.heraldglobe.com/index.php/sid/214736690/scat/da4df54c389ee3f7 -0.34% plunged 12.4% in light premarket trading Friday after the company reported a first-quarter loss Thursday. The stock had been up 41% on the year, but fell 13% after the retailer reported earnings following the market close on Thursday. Sears reported a first-quarter loss per share of $2.63, compared with earnings per share of $1.78 a year ... http://www.heraldglobe.com/index.php/sid/214737276/scat/da4df54c389ee3f7 Fri, 24 May 2013 07:49:51 -0400 http://www.heraldglobe.com/index.php/sid/214737276/scat/da4df54c389ee3f7 +0.48% reported a first-quarter loss of $7.2 million, or $0.09 a share, narrower than the loss of $21.3 million, or $0.25 a share, a year earlier. Revenue fell 9% to $838.8 million, from $921.2 million a year earlier, the retailer said Friday. Analysts had expected a loss of $0.05 a share on revenue of $938 million, according to FactSet. The retailer said it expects second-quarter EPS of $0.28 to ... http://www.heraldglobe.com/index.php/sid/214736666/scat/da4df54c389ee3f7 Fri, 24 May 2013 07:49:51 -0400 http://www.heraldglobe.com/index.php/sid/214736666/scat/da4df54c389ee3f7 LONDON (MarketWatch) -- Gold futures slipped on Friday, retreating from the highest level in a week reached in the prior day's trade, when a softer dollar and drops in global equities supported the metal. Gold for August ... http://www.heraldglobe.com/index.php/sid/214737277/scat/da4df54c389ee3f7 Fri, 24 May 2013 07:49:50 -0400 http://www.heraldglobe.com/index.php/sid/214737277/scat/da4df54c389ee3f7 -0.42% said its first-quarter profit rose to $138 million, or 90 cents a share, from $128 million, or 83 cents a share, in the year-ago quarter. Adjusted per-share earnings rose to 91 cents from 83 cents a year earlier. Revenue rose 3.8% to $1.64 billion from $1.58 billion a year earlier, the shoe retailer said Friday. Analysts had expected earnings of 89 cents a share on revenue of $1.63 ... http://www.heraldglobe.com/index.php/sid/214737278/scat/da4df54c389ee3f7 Fri, 24 May 2013 07:49:49 -0400 http://www.heraldglobe.com/index.php/sid/214737278/scat/da4df54c389ee3f7 MUMBAI | Fri May 24, 2013 7:34am EDT MUMBAI May 24 (Reuters) - The Reserve Bank of India did not buy or sell any debt in the week to May 17 through outright open market operations (OMOs), it said in a statement on Friday. The central bank bought 96.58 billion rupees ($1.7 billion) of bonds through outright OMOs in the previous week but did not sell any bonds in that week. ($1=55.7 ... http://www.heraldglobe.com/index.php/sid/214737808/scat/da4df54c389ee3f7 Fri, 24 May 2013 07:34:11 -0400 http://www.heraldglobe.com/index.php/sid/214737808/scat/da4df54c389ee3f7 The Ministry of Finance (MOF) said Friday that it will sell 26 billion yuan (4.2 billion US dollars) in two-year book-entry treasury bonds. The issuance marks the ministry's 12th issuance of book-entry treasury bonds this year, the ministry said in a statement on its website. ( The bonds carry a fixed annual interest rate of 2.98 percent. The interest will be paid every year on May 27, ... http://www.heraldglobe.com/index.php/sid/214736028/scat/da4df54c389ee3f7 Fri, 24 May 2013 07:13:43 -0400 http://www.heraldglobe.com/index.php/sid/214736028/scat/da4df54c389ee3f7 Universa Investments, which spends hundreds of millions of dollars a year buying crash protection, has attracted a record amount of money into its fund this ... http://www.heraldglobe.com/index.php/sid/214736037/scat/da4df54c389ee3f7 Fri, 24 May 2013 07:04:55 -0400 http://www.heraldglobe.com/index.php/sid/214736037/scat/da4df54c389ee3f7 The debt crisis among college students and recent grads could get worse as they encounter a new threat: It's possible that interest rates on student loans will climb under a new bill passed by the House on Thursday, The Wall Street Journal's Market Watch reports. The bill ties student loan interest rates to the financial markets, and experts say the low-interest rate environment ... http://www.heraldglobe.com/index.php/sid/214736059/scat/da4df54c389ee3f7 Fri, 24 May 2013 06:52:06 -0400 http://www.heraldglobe.com/index.php/sid/214736059/scat/da4df54c389ee3f7 Fri May 24, 2013 6:38am EDT * World shares attempt tentative recovery * Fed officials try to reassure on stimulus timing * Euro gains as better Ifo makes ECB easing less likely By Richard Hubbard LONDON, May 24 (Reuters) - World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank ... http://www.heraldglobe.com/index.php/sid/214736677/scat/da4df54c389ee3f7 Fri, 24 May 2013 06:38:55 -0400 http://www.heraldglobe.com/index.php/sid/214736677/scat/da4df54c389ee3f7 As the sequester continues, the poor, sick and elderly are taking a deeper hit from federal spending cuts with less money going to programs like Meals on ... http://www.heraldglobe.com/index.php/sid/214735805/scat/da4df54c389ee3f7 Fri, 24 May 2013 06:12:26 -0400 http://www.heraldglobe.com/index.php/sid/214735805/scat/da4df54c389ee3f7 NEW: Heathrow Airport warns of travel disruption, with flights canceled and diverted One runway remains closed after the emergency landing at London Heathrow airport British Airways says the plane, bound for Oslo, had to turn back because of a technical fault The Airbus A319 aircraft was carrying 75 passengers; 3 treated for minor ... http://www.heraldglobe.com/index.php/sid/214735804/scat/da4df54c389ee3f7 Fri, 24 May 2013 06:12:26 -0400 http://www.heraldglobe.com/index.php/sid/214735804/scat/da4df54c389ee3f7 The tax code has plenty of loopholes that businesses can take advantage of, including one for chicken farms already required to dispose of chicken waste in ways that don't pollute ... http://www.heraldglobe.com/index.php/sid/214735251/scat/da4df54c389ee3f7 Fri, 24 May 2013 06:12:22 -0400 http://www.heraldglobe.com/index.php/sid/214735251/scat/da4df54c389ee3f7 The Nikkei had a rocky Friday but managed to edge up by 0.9% at the close. "In Tokyo we've seen an attempt at a recovery," said Nick Beecroft, senior market analyst at Saxo Capital Markets. "That's a pretty normal profile for market action in a correction such as this." U.S. stocks closed slightly lower Thursday ... http://www.heraldglobe.com/index.php/sid/214735249/scat/da4df54c389ee3f7 Fri, 24 May 2013 06:12:21 -0400 http://www.heraldglobe.com/index.php/sid/214735249/scat/da4df54c389ee3f7 LONDON (MarketWatch) -- Two runways at Heathrow Airport have been closed Friday after a British Airways plane had to make an emergency landing, according to media reports. The plane's engine caught fire just after takeoff at around 9.00 a.m. London time on the BA762 flight to Oslo. The airline said all crew and 75 passengers on the Airbus A319 were evacuated safely. Heathrow Airport has ... http://www.heraldglobe.com/index.php/sid/214735807/scat/da4df54c389ee3f7 Fri, 24 May 2013 06:04:39 -0400 http://www.heraldglobe.com/index.php/sid/214735807/scat/da4df54c389ee3f7 LONDON (MarketWatch) -- The big swings in Japan's stock and bond markets is not surprising, given the Japanese government's aggressive monetary stimulus program, St. Louis Federal Reserve Chairman James Bullard said Friday. "It is a big moment for Japan," Bullard ... http://www.heraldglobe.com/index.php/sid/214735428/scat/da4df54c389ee3f7 Fri, 24 May 2013 06:04:37 -0400 http://www.heraldglobe.com/index.php/sid/214735428/scat/da4df54c389ee3f7 The appetite for risk is mixed ahead of the US open after improving in the second half of Thursday. Now that the market had a chance to analyze Wednesday's Federal Reserve reiteration of the likely scaling back its asset purchase program in June and saw Germany's good Ifo report, volatility must subside. But it persisted for the Nikkei 225. The European currencies and yen open on a ... http://www.heraldglobe.com/index.php/sid/214735448/scat/da4df54c389ee3f7 Fri, 24 May 2013 06:04:07 -0400 http://www.heraldglobe.com/index.php/sid/214735448/scat/da4df54c389ee3f7 yuan currency more responsive to market forces and more convertible this year, the government said on Friday. China will draft plans on a deposit insurance system and quicken the development of private financial institutions, according to guidelines on reforms for 2013 drafted by the National and Development and Reform Commission ... http://www.heraldglobe.com/index.php/sid/214735274/scat/da4df54c389ee3f7 Fri, 24 May 2013 05:58:31 -0400 http://www.heraldglobe.com/index.php/sid/214735274/scat/da4df54c389ee3f7 Telkom was set to compete more aggressively after unbundling Vodacom, then CEO Reuben September wrote in the 2009 annual report. In the five years since Telkom unbundled its 50% stake in Vodacom - which it did in a bid to be more competitive as it could not expand in Africa - it has seen revenue from its traditional operations fall, its share price plummet, and billons lost in dividends. ... http://www.heraldglobe.com/index.php/sid/214734864/scat/da4df54c389ee3f7 Fri, 24 May 2013 05:08:20 -0400 http://www.heraldglobe.com/index.php/sid/214734864/scat/da4df54c389ee3f7 Activist investor Carl Icahn and Southeastern Asset Management have initiated talks with banks and asset managers to line up commitments for as much as $7billion in bridge loans to back their leveraged recapitalisation proposal for Dell, banking sources told Thomson Reuters yesterday. Jefferies & Co is leading the ... http://www.heraldglobe.com/index.php/sid/214734865/scat/da4df54c389ee3f7 Fri, 24 May 2013 05:08:18 -0400 http://www.heraldglobe.com/index.php/sid/214734865/scat/da4df54c389ee3f7 Google is considering buying Israeli mobile satellite navigation start-up Waze, which may lead to a bidding war with Facebook, Bloomberg news reported, citing people familiar with the matter. Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties, said Bloomberg, citing a ... http://www.heraldglobe.com/index.php/sid/214734846/scat/da4df54c389ee3f7 Fri, 24 May 2013 05:08:11 -0400 http://www.heraldglobe.com/index.php/sid/214734846/scat/da4df54c389ee3f7 Each year, Deltek releases one of the world's most sought-after A/E research reports, solidifying Deltek's position as the leader in industry knowledge. This year, with a comprehensive outlook of how today's A/E firms are ... http://www.heraldglobe.com/index.php/sid/214734866/scat/da4df54c389ee3f7 Fri, 24 May 2013 05:08:11 -0400 http://www.heraldglobe.com/index.php/sid/214734866/scat/da4df54c389ee3f7 Aristotle Onassis, prominent Greek shipping magnate, once said: "The secret of business is to know something that nobody else knows." At Compuscan, we share this sentiment and continuously seek to uplift our client's businesses by equipping them with valuable knowledge and vital insights. It is our goal not only to support our clients with the most advanced software and accurate ... http://www.heraldglobe.com/index.php/sid/214734867/scat/da4df54c389ee3f7 Fri, 24 May 2013 05:08:09 -0400 http://www.heraldglobe.com/index.php/sid/214734867/scat/da4df54c389ee3f7 Economic challenges in Investec’s main markets would partly offset a rally in global equities, the owner of a bank and a money manager in South Africa and the UK said yesterday after reporting that full-year profit rose 28 ... http://www.heraldglobe.com/index.php/sid/214733223/scat/da4df54c389ee3f7 Fri, 24 May 2013 05:07:51 -0400 http://www.heraldglobe.com/index.php/sid/214733223/scat/da4df54c389ee3f7 Bonds of US retailers from Target to Wal-Mart Stores are posting their worst losses since 2006 amid smaller consumer income and slowing growth in the US economy, even as the broader corporate debt market generates ... http://www.heraldglobe.com/index.php/sid/214733363/scat/da4df54c389ee3f7 Fri, 24 May 2013 05:07:45 -0400 http://www.heraldglobe.com/index.php/sid/214733363/scat/da4df54c389ee3f7 LONDON (MarketWatch) -- Business confidence in Germany rose more than expected in May, with the Ifo business-climate index climbing to 105.7 points from 104.4 in April, data showed Friday morning according to media reports. Expectations were for a 104.5 reading. German stocks inched higher after the data, with the DAX 30 ... http://www.heraldglobe.com/index.php/sid/214733231/scat/da4df54c389ee3f7 Fri, 24 May 2013 04:49:55 -0400 http://www.heraldglobe.com/index.php/sid/214733231/scat/da4df54c389ee3f7 By Gary M. Stern FORTUNE – Most corporate annual reports specialize in self-promotion and accentuating the positive. But the 2012 annual report of Barclays reads like a mea culpa. When Barclays ... http://www.heraldglobe.com/index.php/sid/214732945/scat/da4df54c389ee3f7 Fri, 24 May 2013 04:06:26 -0400 http://www.heraldglobe.com/index.php/sid/214732945/scat/da4df54c389ee3f7 With 200 shares of Apple in his portfolio, California resident Dave Kastener was thinking about going rogue. The self-professed "Apple fan" wanted to invest in ... http://www.heraldglobe.com/index.php/sid/214732611/scat/da4df54c389ee3f7 Fri, 24 May 2013 04:06:20 -0400 http://www.heraldglobe.com/index.php/sid/214732611/scat/da4df54c389ee3f7 LONDON (MarketWatch) -- European stock markets climbed on Friday, partly recovering from a sharp selloff the prior day, with investors awaiting a reading on German business confidence to gauge if the region's powerhouse is gaining ... http://www.heraldglobe.com/index.php/sid/214732612/scat/da4df54c389ee3f7 Fri, 24 May 2013 03:58:41 -0400 http://www.heraldglobe.com/index.php/sid/214732612/scat/da4df54c389ee3f7 MADRID (MarketWatch) -- Gold prices eased on Friday as Asian equities swung higher, but saw little benefit from a weaker dollar as the yen gained. Gold for August ... http://www.heraldglobe.com/index.php/sid/214732947/scat/da4df54c389ee3f7 Fri, 24 May 2013 03:58:36 -0400 http://www.heraldglobe.com/index.php/sid/214732947/scat/da4df54c389ee3f7 LOS ANGELES (MarketWatch) -- In a breakthrough to a long-running dispute, China has agreed to allow its accounting firms to give U.S. regulators access to relevant records, The Wall Street Journal reported early Friday, saying the deal was due to be announced later in the day. The agreement allows the U.S. Public Company Accounting Oversight Board to see audit records and other documents held by ... http://www.heraldglobe.com/index.php/sid/214732615/scat/da4df54c389ee3f7 Fri, 24 May 2013 03:58:35 -0400 http://www.heraldglobe.com/index.php/sid/214732615/scat/da4df54c389ee3f7 AUSTRALIAN bond futures prices are lower as traders weigh falls on equity markets against the possibility the US Federal Reserve will begin to wind back its asset-buying program. UBS interest rate strategist Matthew Johnson said bond futures prices had been weighed down by Fed chairman Ben Bernanke's testimony before Congress on Thursday morning (Australian time). In his testimony Dr Bernanke ... http://www.heraldglobe.com/index.php/sid/214738055/scat/da4df54c389ee3f7 Fri, 24 May 2013 02:52:42 -0400 http://www.heraldglobe.com/index.php/sid/214738055/scat/da4df54c389ee3f7 AUSTRALIAN bond futures prices are lower as traders weigh falls on equity markets against the possibility the US Federal Reserve will begin to wind back its asset-buying program. UBS interest rate strategist Matthew Johnson said bond futures prices had been weighed down by Fed chairman Ben Bernanke's testimony before Congress on Thursday morning (Australian time). In his testimony Dr Bernanke ... http://www.heraldglobe.com/index.php/sid/214732475/scat/da4df54c389ee3f7 Fri, 24 May 2013 02:52:42 -0400 http://www.heraldglobe.com/index.php/sid/214732475/scat/da4df54c389ee3f7 AUSTRALIAN bond futures prices are lower as traders weigh falls on equity markets against the possibility the US Federal Reserve will begin to wind back its asset-buying program. UBS interest rate strategist Matthew Johnson said bond futures prices had been weighed down by Fed chairman Ben Bernanke's testimony before Congress on Thursday morning (Australian time). In his testimony Dr Bernanke ... http://www.heraldglobe.com/index.php/sid/214732946/scat/da4df54c389ee3f7 Fri, 24 May 2013 02:52:42 -0400 http://www.heraldglobe.com/index.php/sid/214732946/scat/da4df54c389ee3f7 AUSTRALIAN bond futures prices are lower as traders weigh falls on equity markets against the possibility the US Federal Reserve will begin to wind back its asset-buying program. UBS interest rate strategist Matthew Johnson said bond futures prices had been weighed down by Fed chairman Ben Bernanke's testimony before Congress on Thursday morning (Australian time). In his testimony Dr Bernanke ... http://www.heraldglobe.com/index.php/sid/214732474/scat/da4df54c389ee3f7 Fri, 24 May 2013 02:52:42 -0400 http://www.heraldglobe.com/index.php/sid/214732474/scat/da4df54c389ee3f7 AUSTRALIAN bond futures prices are lower as traders weigh falls on equity markets against the possibility the US Federal Reserve will begin to wind back its asset-buying program. UBS interest rate strategist Matthew Johnson said bond futures prices had been weighed down by Fed chairman Ben Bernanke's testimony before Congress on Thursday morning (Australian time). In his testimony Dr Bernanke ... http://www.heraldglobe.com/index.php/sid/214736495/scat/da4df54c389ee3f7 Fri, 24 May 2013 02:52:42 -0400 http://www.heraldglobe.com/index.php/sid/214736495/scat/da4df54c389ee3f7 AUSTRALIAN bond futures prices are lower as traders weigh falls on equity markets against the possibility the US Federal Reserve will begin to wind back its asset-buying program. UBS interest rate strategist Matthew Johnson said bond futures prices had been weighed down by Fed chairman Ben Bernanke's testimony before Congress on Thursday morning (Australian time). In his testimony Dr Bernanke ... http://www.heraldglobe.com/index.php/sid/214734868/scat/da4df54c389ee3f7 Fri, 24 May 2013 02:52:42 -0400 http://www.heraldglobe.com/index.php/sid/214734868/scat/da4df54c389ee3f7 AUSTRALIAN bond futures prices are lower as traders weigh falls on equity markets against the possibility the US Federal Reserve will begin to wind back its asset-buying program. UBS interest rate strategist Matthew Johnson said bond futures prices had been weighed down by Fed chairman Ben Bernanke's testimony before Congress on Thursday morning (Australian time). In his testimony Dr Bernanke ... http://www.heraldglobe.com/index.php/sid/214737275/scat/da4df54c389ee3f7 Fri, 24 May 2013 02:52:42 -0400 http://www.heraldglobe.com/index.php/sid/214737275/scat/da4df54c389ee3f7 AUSTRALIAN bond futures prices are lower as traders weigh falls on equity markets against the possibility the US Federal Reserve will begin to wind back its asset-buying program. UBS interest rate strategist Matthew Johnson said bond futures prices had been weighed down by Fed chairman Ben Bernanke's testimony before Congress on Thursday morning (Australian time). In his testimony Dr Bernanke ... http://www.heraldglobe.com/index.php/sid/214735806/scat/da4df54c389ee3f7 Fri, 24 May 2013 02:52:42 -0400 http://www.heraldglobe.com/index.php/sid/214735806/scat/da4df54c389ee3f7 LOS ANGELES (MarketWatch) -- The Japanese yen gained Friday, resuming its advance against the U.S. dollar the previous day that was spurred in part by a sell-off in Japanese ... http://www.heraldglobe.com/index.php/sid/214731676/scat/da4df54c389ee3f7 Fri, 24 May 2013 02:16:00 -0400 http://www.heraldglobe.com/index.php/sid/214731676/scat/da4df54c389ee3f7 HONG KONG (MarketWatch) -- Japanese stocks tumbled back into losses in Friday afternoon trading as the yen strengthened sharply, despite comments from Bank of Japan Gov. Haruhiko Kuroda's remarks ... http://www.heraldglobe.com/index.php/sid/214731281/scat/da4df54c389ee3f7 Fri, 24 May 2013 01:25:11 -0400 http://www.heraldglobe.com/index.php/sid/214731281/scat/da4df54c389ee3f7 The five-year bonds, to be issued in June, will be the first sale to retail investors in Sony's history as the company looks to widen its fundraising ... http://www.heraldglobe.com/index.php/sid/214731162/scat/da4df54c389ee3f7 Fri, 24 May 2013 01:24:00 -0400 http://www.heraldglobe.com/index.php/sid/214731162/scat/da4df54c389ee3f7 TOKYO (MarketWatch) -- Bank of Japan Gov. Haruhiko Kuroda said Friday it is "extremely desirable" for the nation's debt market to be stable, adding that the central bank will run market operations flexibly and strengthen communication with the market to head off volatility in bond ... http://www.heraldglobe.com/index.php/sid/214730683/scat/da4df54c389ee3f7 Fri, 24 May 2013 00:31:04 -0400 http://www.heraldglobe.com/index.php/sid/214730683/scat/da4df54c389ee3f7 Fri May 24, 2013 2:55am EDT * Nikkei ends a seesaw day up 0.9 pct * Asian stocks outside Japan dip to 1-month lows * Yen rises vs USD and euro on turbulent Nikkei * European stocks expected to fare better By Ian Chua SYDNEY, May 24 (Reuters) - Asian stocks fell to one-month lows on Friday and the yen rebounded broadly as extreme volatility in the Nikkei kept investors on edge. MSCI's broadest ... http://www.heraldglobe.com/index.php/sid/214732116/scat/da4df54c389ee3f7 Fri, 24 May 2013 00:22:48 -0400 http://www.heraldglobe.com/index.php/sid/214732116/scat/da4df54c389ee3f7 -0.39% for Israeli mobile-app developer Waze Inc., according to an anonymously sourced Bloomberg News report late Thursday. Earlier news reports had tipped Facebook as conducting advanced talks to buy Waze for between $800 million and $1 billion. The Bloomberg report said Waze was seeking more than $1 billion from Google, and may decide to stay independent and raise financing instead. Waze, based ... http://www.heraldglobe.com/index.php/sid/214729996/scat/da4df54c389ee3f7 Thu, 23 May 2013 22:41:23 -0400 http://www.heraldglobe.com/index.php/sid/214729996/scat/da4df54c389ee3f7 HONG KONG (MarketWatch) -- Hong Kong stocks rebounded early Friday on bargain buying after steep losses in the previous session, with Lenovo Group Ltd. extending gains after solid annual results and most financial stocks rising as Japanese and mainland Chinese shares advanced. The Hang Seng ... http://www.heraldglobe.com/index.php/sid/214729767/scat/da4df54c389ee3f7 Thu, 23 May 2013 22:41:22 -0400 http://www.heraldglobe.com/index.php/sid/214729767/scat/da4df54c389ee3f7 Thursday's trading session may have been the most glaring example of just how powerful the bull market in U.S. stocks is right now. Even though all of the major averages closed slightly lower on the day, the U.S. market was able to shrug off a global rout in stock prices that began with a 7.3 percent crash in the Nikkei. The catalyst for the sell-off in Japan centered on concerns ... http://www.heraldglobe.com/index.php/sid/214729558/scat/da4df54c389ee3f7 Thu, 23 May 2013 22:33:12 -0400 http://www.heraldglobe.com/index.php/sid/214729558/scat/da4df54c389ee3f7 ETFs tracking a plethora of global markets closed lower. Predictably, emerging markets sagged with the Vanguard MSCI Emerging Markets ETF ... http://www.heraldglobe.com/index.php/sid/214729566/scat/da4df54c389ee3f7 Thu, 23 May 2013 22:33:11 -0400 http://www.heraldglobe.com/index.php/sid/214729566/scat/da4df54c389ee3f7 LOS ANGELES (MarketWatch) -- Australian stocks fell in early trade Friday, extending a selloff that pushed the benchmark to a one-month low Thursday after disappointing data from China, Australia's largest export market. The S&P/ASX ... http://www.heraldglobe.com/index.php/sid/214729158/scat/da4df54c389ee3f7 Thu, 23 May 2013 21:43:56 -0400 http://www.heraldglobe.com/index.php/sid/214729158/scat/da4df54c389ee3f7 +2.78% climbing 3.2% after diving 7.3% in the previous session, prompted by some relief buying amid expectations that the rally that began late last year may have further to go. The broader ... http://www.heraldglobe.com/index.php/sid/214729038/scat/da4df54c389ee3f7 Thu, 23 May 2013 21:43:55 -0400 http://www.heraldglobe.com/index.php/sid/214729038/scat/da4df54c389ee3f7 Nikkei plunged 7.3% on Thursday. Investor jitters then spilled over into Europe, where major stock indexes dived 2%. Wall Street opened deep into the red, with major indexes initially falling about 1%. The Dow Jones industrial average sunk more than 100 points shortly after the opening bell on the New York Stock Exchange. But as trading continued, investors flocked back, paring the day's ... http://www.heraldglobe.com/index.php/sid/214729019/scat/da4df54c389ee3f7 Thu, 23 May 2013 21:43:26 -0400 http://www.heraldglobe.com/index.php/sid/214729019/scat/da4df54c389ee3f7 Global markets fall after weak Chinese manufacturing data and mixed messages from the Fed about when it will wind down its asset-buying ... http://www.heraldglobe.com/index.php/sid/214728182/scat/da4df54c389ee3f7 Thu, 23 May 2013 21:05:59 -0400 http://www.heraldglobe.com/index.php/sid/214728182/scat/da4df54c389ee3f7 Bandar Seri Begawan - In further building on the strong youth cooperation between Asean, China, Japan and Korea, the Minister of Culture, Youth and Sports Pehin Orang Kaya Pekerma Laila Diraja Dato Seri Setia Awg Hj Hazair bin Hj Abdullah yesterday reiterated that youths are valuable assets and future leaders, thus it is essential to foster strong bonds of friendship and cooperation among youths. ... http://www.heraldglobe.com/index.php/sid/214728453/scat/da4df54c389ee3f7 Thu, 23 May 2013 21:02:04 -0400 http://www.heraldglobe.com/index.php/sid/214728453/scat/da4df54c389ee3f7 earthquake, tsunami and nuclear disaster shook Japan's economy. The sharp plunge this week spooked investors in China and Europe, leading to sizable stock market losses around the globe. In the United States, stocks clawed back from steep losses. Thursday's sell-off was triggered ... http://www.heraldglobe.com/index.php/sid/214728822/scat/da4df54c389ee3f7 Thu, 23 May 2013 20:55:52 -0400 http://www.heraldglobe.com/index.php/sid/214728822/scat/da4df54c389ee3f7 U.S. stocks recovered from steep declines Thursday to end only modestly lower as investors discounted concerns about the Federal Reserve curtailing its bond buying ... http://www.heraldglobe.com/index.php/sid/214728821/scat/da4df54c389ee3f7 Thu, 23 May 2013 20:55:52 -0400 http://www.heraldglobe.com/index.php/sid/214728821/scat/da4df54c389ee3f7 Westpac senior market strategist Damien McColough said there was a lot of volatility and uncertainty in markets at the moment. "The Australian bond market opened with a little bit of weakness but I don't think that will be extended during the day," he said. "I think we'll probably have narrower ranges today. "The Australian market is very much influenced by global ... http://www.heraldglobe.com/index.php/sid/214728442/scat/da4df54c389ee3f7 Thu, 23 May 2013 20:50:10 -0400 http://www.heraldglobe.com/index.php/sid/214728442/scat/da4df54c389ee3f7 SAN FRANCISCO (Reuters) - The clearinghouse for all stock options said Thursday it will adopt a policy aimed at abolishing a dividend-linked trading strategy that critics say could destabilize markets if left ... http://www.heraldglobe.com/index.php/sid/214728179/scat/da4df54c389ee3f7 Thu, 23 May 2013 20:49:10 -0400 http://www.heraldglobe.com/index.php/sid/214728179/scat/da4df54c389ee3f7 Investors are contemplating a future without support from one of the biggest engines of the global economy in recent years: the Federal Reserve. Fears that the Fed is about to reduce its stimulus helped send stock, bond and currency prices on a wild ride on Wednesday and Thursday, with Japanese stocks experiencing their worst one-day decline since the 2011 tsunami and United States ... http://www.heraldglobe.com/index.php/sid/214728176/scat/da4df54c389ee3f7 Thu, 23 May 2013 20:40:23 -0400 http://www.heraldglobe.com/index.php/sid/214728176/scat/da4df54c389ee3f7 Defense of Marriage Must Be Merged With Defense of ParenthoodBy Denise Hunnell, MDWASHINGTON, D.C., May 08, 2013 (Zenit.org) - The push to redefine marriage to include relationships between same-sex couples is a movement to abolish the sociological connection between children and their biological parents. It is a movement to destroy the nuclear family. Lesbian journalist and homosexual activist ... http://www.heraldglobe.com/index.php/sid/214728823/scat/da4df54c389ee3f7 Thu, 23 May 2013 20:33:37 -0400 http://www.heraldglobe.com/index.php/sid/214728823/scat/da4df54c389ee3f7 Fri May 24, 2013 12:22am EDT * Nikkei down 0.6 pct, erases earlier gains * Asian stocks outside Japan dip to 1-month lows * Yen rises vs USD and euro as Nikkei trims gains By Ian Chua SYDNEY, May 24 (Reuters) - Japanese stocks turned negative on Friday and the yen reversed early losses, keeping intact worries that the Nikkei's largest one-day drop in two years may be the start of a bigger ... http://www.heraldglobe.com/index.php/sid/214731045/scat/da4df54c389ee3f7 Thu, 23 May 2013 20:29:33 -0400 http://www.heraldglobe.com/index.php/sid/214731045/scat/da4df54c389ee3f7 Time Warner Cable Inc also put in bids, one of the people told Reuters. Hulu was put on the auction block this year for the second time after disagreement between ... http://www.heraldglobe.com/index.php/sid/214727890/scat/da4df54c389ee3f7 Thu, 23 May 2013 19:45:03 -0400 http://www.heraldglobe.com/index.php/sid/214727890/scat/da4df54c389ee3f7 Thu May 23, 2013 7:31pm EDT By Noel Randewich May 23 (Reuters) - Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower. Under Marc Benioff, Salesforce's CEO and founder, the company's fast revenue growth has made it a favorite with investors eager to own part of the growing trend among ... http://www.heraldglobe.com/index.php/sid/214728177/scat/da4df54c389ee3f7 Thu, 23 May 2013 19:31:13 -0400 http://www.heraldglobe.com/index.php/sid/214728177/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- Lois Lerner, the director of tax-exempt organizations at the Internal Revenue Service, has been put on administrative leave, the Washington Post reported, citing a congressional source. ... http://www.heraldglobe.com/index.php/sid/214726748/scat/da4df54c389ee3f7 Thu, 23 May 2013 18:23:38 -0400 http://www.heraldglobe.com/index.php/sid/214726748/scat/da4df54c389ee3f7 Lack of Stringent U.S. CMBS Underwriting Could Affect REITs Changes in the availability, pricing, and underwriting stringency of U.S. CMBS financing could affect REITs directly and indirectly, according to Fitch Ratings. In addition, a boom-or-bust cycle for CMBS loan performance would negatively affect REITs that regularly access the CMBS ... http://www.heraldglobe.com/index.php/sid/214725907/scat/da4df54c389ee3f7 Thu, 23 May 2013 18:21:19 -0400 http://www.heraldglobe.com/index.php/sid/214725907/scat/da4df54c389ee3f7 US stocks slipped on Thursday but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of ... http://www.heraldglobe.com/index.php/sid/214725742/scat/da4df54c389ee3f7 Thu, 23 May 2013 18:17:37 -0400 http://www.heraldglobe.com/index.php/sid/214725742/scat/da4df54c389ee3f7 Thu May 23, 2013 5:35pm EDT * Oil erases bulk of early loss, rebounding with US stocks * Gold up after Fed official says no hurry to ditch stimulus * Copper slumps on weak China manufacturing activity data * Soybeans hits 8-month high; coffee, raw sugar up too By Barani Krishnan NEW YORK, May 23 (Reuters) - Oil tracked a recovery in U.S. stocks to erase the bulk of its early losses on Thursday ... http://www.heraldglobe.com/index.php/sid/214725727/scat/da4df54c389ee3f7 Thu, 23 May 2013 17:35:47 -0400 http://www.heraldglobe.com/index.php/sid/214725727/scat/da4df54c389ee3f7 Google , which dominates web display advertising, has broken antitrust law in how it handles some ad sales, a source told Reuters on Thursday. The source said that it was unlikely that the Federal Trade Commission had sent out civil investigative demands in relation to the probe, which would be the sign of a formal and more serious investigation. The FTC wrapped up ... http://www.heraldglobe.com/index.php/sid/214724192/scat/da4df54c389ee3f7 Thu, 23 May 2013 17:24:41 -0400 http://www.heraldglobe.com/index.php/sid/214724192/scat/da4df54c389ee3f7 -0.34% said Thursday that it swung to a loss of $279 million, or $2.63 a share, from a profit of $189 million, or $1.78 a share, a year earlier. Revenues decreased to $8.45 billion in the quarter ended May 4 from $9.27 billion. Excluding items, the company reported an adjusted loss of $1.29 a share. Analysts, on average, estimated the company to report a loss of 60 cents a share on sales of $8.37 ... http://www.heraldglobe.com/index.php/sid/214725383/scat/da4df54c389ee3f7 Thu, 23 May 2013 17:09:49 -0400 http://www.heraldglobe.com/index.php/sid/214725383/scat/da4df54c389ee3f7 SAN FRANCISCO (MarketWatch) -- Marvell Technology Group said Thursday afternoon that earnings dell sharply in the first fiscal quarter, but the adjusted results surpassed Wall Street's expectations. For the period ended May 4, ... http://www.heraldglobe.com/index.php/sid/214724204/scat/da4df54c389ee3f7 Thu, 23 May 2013 17:09:48 -0400 http://www.heraldglobe.com/index.php/sid/214724204/scat/da4df54c389ee3f7 -0.20% reported a strong jump in revenues for its first fiscal quarter on Thursday afternoon, but the cloud software firm's shares slipped 5% in after-hours trading as its forecast for the current period was slightly below Wall Street's estimates. Revenue jumped 28% in the quarter to $893 million, beating the $887.2 million predicted by analysts while adjusted earnings-per-share were in ... http://www.heraldglobe.com/index.php/sid/214725384/scat/da4df54c389ee3f7 Thu, 23 May 2013 17:09:48 -0400 http://www.heraldglobe.com/index.php/sid/214725384/scat/da4df54c389ee3f7 +17.10% shares soared 17.1% to close at $24.86 on Thursday, posting its biggest one-day gain in about 12 years. The last time H-P's stock rose by that much was Nov. 6, 2001 after the family of co-founder Bill Hewlett, led by then director Walter Hewlett, came out against a proposed merger with Compaq Computer. H-P, then led by Carly Fiorina, acquired Compaq the following year. when the ... http://www.heraldglobe.com/index.php/sid/214725385/scat/da4df54c389ee3f7 Thu, 23 May 2013 17:09:47 -0400 http://www.heraldglobe.com/index.php/sid/214725385/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- U.S. stocks fell modestly on Thursday, but finished well off their lowest intraday levels after upbeat U.S. economic reports and gains for Hewlett-Packard Co. countered worries about the Federal Reserve potentially tapering its bond-buying program. The S&P 500 ... http://www.heraldglobe.com/index.php/sid/214725387/scat/da4df54c389ee3f7 Thu, 23 May 2013 17:09:46 -0400 http://www.heraldglobe.com/index.php/sid/214725387/scat/da4df54c389ee3f7 +4.13% on Thursday reported a first-quarter loss of $28.6 million, or 16 cents a share, on total revenue of $125.5 million. During the same period a year ago, the online radio company lost $20.2 million, or 12 cents a share on $80.8 million in sales. Excluding one-time items, Pandora would have lost $18.2 million, or 10 cents a share. Analysts surveyed by FactSet had forecast Pandora to lose 10 ... http://www.heraldglobe.com/index.php/sid/214725386/scat/da4df54c389ee3f7 Thu, 23 May 2013 17:09:45 -0400 http://www.heraldglobe.com/index.php/sid/214725386/scat/da4df54c389ee3f7 Three executives at SAC Capital Advisors LP were issued subpoenas related to a U.S. insider trading investigation, The Wall Street Journal reported Thursday. Citing sources it did not name, the newspaper said SAC President Thomas Conheeney, Chief Compliance Officer Steven Kessler and head of trading Phillipp Villhauer were issued subpoenas, but none have been accused of wrongdoing. The ... http://www.heraldglobe.com/index.php/sid/214725436/scat/da4df54c389ee3f7 Thu, 23 May 2013 16:58:27 -0400 http://www.heraldglobe.com/index.php/sid/214725436/scat/da4df54c389ee3f7 Thu May 23, 2013 4:18pm EDT * U.S. shares recover, but growth outlook still uncertain * Japan, Europe tumble after weak data from China, euro zone * Dollar index lower, yen gains against dollar By Ryan Vlastelica NEW YORK, May 23 (Reuters) - Stocks prices worldwide fell on Thursday as investors questioned the pace of economic growth and when the U.S. Federal Reserve's stimulus program would ... http://www.heraldglobe.com/index.php/sid/214724237/scat/da4df54c389ee3f7 Thu, 23 May 2013 16:18:44 -0400 http://www.heraldglobe.com/index.php/sid/214724237/scat/da4df54c389ee3f7 Source: Reuters Wall Street has been had mixed trading today, paring sharp early losses after disappointing data from China and a slump in Japanese stocks outweighed better-than-expected reports on US jobs and housing. In China, the preliminary reading for a Purchasing Managers' Index of manufacturing was 49.6 in May, according to HSBC and Markit Economics data. In Japan, the Topix ... http://www.heraldglobe.com/index.php/sid/214722707/scat/da4df54c389ee3f7 Thu, 23 May 2013 16:06:21 -0400 http://www.heraldglobe.com/index.php/sid/214722707/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - President Barack Obama was heckled Thursday about drone strikes and conditions at the prison at Guantanamo Bay during his speech on national security. The president was interrupted by a woman several times during his remarks. "I love my country, I love the rule of law. The drones are making us less safe, and keeping people in indefinite detention at Guantanamo is ... http://www.heraldglobe.com/index.php/sid/214723185/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:15 -0400 http://www.heraldglobe.com/index.php/sid/214723185/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- The Congressional Budget Office estimated Thursday the total cost of the Troubled Asset Relief Program, including mortgage grants that haven't yet been made, will be $21 billion -- a drop of $3 billion from its last estimate. The CBO says $428 billion of the initially authorized $700 billion will be disbursed through the TARP, including $419 billion that has ... http://www.heraldglobe.com/index.php/sid/214723895/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:15 -0400 http://www.heraldglobe.com/index.php/sid/214723895/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- Oil futures ended little changed Thursday after paring losses as upbeat U.S. data offset lackluster Chinese manufacturing data, giving a mixed picture for energy-demand prospects. New-home sales in April rose to 454,000, the second-highest level since the recession, beating economist expectations. In China, HSBC's flash purchasing managers' index for May fell ... http://www.heraldglobe.com/index.php/sid/214723896/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:14 -0400 http://www.heraldglobe.com/index.php/sid/214723896/scat/da4df54c389ee3f7 -1.80% Chief Financial Officer Ruth Porat and Yale professor Robert Shilling were among the individuals to discuss housing finance at a dinner with Treasury Secretary Jacob Lew, the Treasury Department said Thursday. "The discussion focused on the causes and lessons learned from the financial crisis, long-term housing finance reform, and the importance of homeownership in American ... http://www.heraldglobe.com/index.php/sid/214722824/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:14 -0400 http://www.heraldglobe.com/index.php/sid/214722824/scat/da4df54c389ee3f7 -1.08% investment banker Neil Morrison agreed to pay a $100,000 fine to settle Securities and Exchange Commission charges for his role in a pay-to-play scheme involving undisclosed campaign contributions to then-Massachusetts state treasurer Timothy Cahill while he was a candidate for governor. The SEC charged Goldman Sachs in September 2012 and the firm paid more than $12 million to settle the ... http://www.heraldglobe.com/index.php/sid/214723897/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:13 -0400 http://www.heraldglobe.com/index.php/sid/214723897/scat/da4df54c389ee3f7 +1.64% , the most-active contract, gained the same dollar and percentage amounts to end at $1,392.80. That was the highest settlement for a most-active contract since May 15. The metal's gains were based on a "'fear' trade," said James West, portfolio adviser to the Midas Letter Opportunity Fund. But "I don't expect it to last as the U.S. stock market mania is ... http://www.heraldglobe.com/index.php/sid/214723898/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:12 -0400 http://www.heraldglobe.com/index.php/sid/214723898/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- The Treasury Department sold $13 billion in 10-year Treasury Inflation-Protected Securities Thursday at a yield of -0.225%, the highest yield since March 2012. Bidders offered to buy 2.52 times the amount of debt sold, compared to an average of 2.72 times at the last 6 sales. Indirect bidders, a group that includes foreign central banks, bought 56.8%, versus 38.9% in ... http://www.heraldglobe.com/index.php/sid/214723899/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:12 -0400 http://www.heraldglobe.com/index.php/sid/214723899/scat/da4df54c389ee3f7 business standard committee impact report during the meeting which the firm said was the result of a three year effort to review the firm's standards and practices. Goldman Sachs shares were down nearly ... http://www.heraldglobe.com/index.php/sid/214723901/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:11 -0400 http://www.heraldglobe.com/index.php/sid/214723901/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- Three employees of SAC Capital Advisors have received subpoenas, said a report in The Wall Street Journal. The senior executives include the firm's president, chief compliance officer and head of trading and the request was to testify before grand jury. The subpoenas are part a government insider trading probe into the hedge fund founded by Steve Cohen, said the ... http://www.heraldglobe.com/index.php/sid/214723900/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:11 -0400 http://www.heraldglobe.com/index.php/sid/214723900/scat/da4df54c389ee3f7 that would base interest rates on federally backed student loans on the 10-year Treasury note, defying a White House veto threat. The bill, passed on 221 yes votes, drew 198 no votes, mostly along partisan lines. Rates on those loans are set to double to 6.8% from 3.4% on July 1, absent action by Congress. The Obama administration says that the bill -- which would peg rates to the 10-year ... http://www.heraldglobe.com/index.php/sid/214723903/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:10 -0400 http://www.heraldglobe.com/index.php/sid/214723903/scat/da4df54c389ee3f7 SAN FRANCISCO (MarketWatch) -- China's apparent oil demand climbed by 2.1% to average 9.66 million barrels per day in April compared to a year earlier, according to a Platts analysis of Chinese government data released Thursday. But apparent demand for oil in April was the lowest level since August 2012, the analysis showed. Refinery runs fell 3% in April compared with March, but were up ... http://www.heraldglobe.com/index.php/sid/214723108/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:09 -0400 http://www.heraldglobe.com/index.php/sid/214723108/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - An influential shareholder advisory firm, Institutional Shareholder Services, on Thursday was fined $300,000 by the Securities and Exchange Commission for failing to set up safeguards to protect the voting information of some of its institutional investor clients. Specifically, the SEC allegedly found that an unnamed employee of ISS, a unit of MSCI ... http://www.heraldglobe.com/index.php/sid/214723902/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:09 -0400 http://www.heraldglobe.com/index.php/sid/214723902/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - More signs of a strong economy are needed before it will be clear that the economy is on solid footing, said San Francisco Fed President John Williams on Thursday. "I'm seeing very good signs of improvement, and I want to see even more to be convinced," Williams said in an interview with Bloomberg. In a speech ten days ago, Williams said that the pace of ... http://www.heraldglobe.com/index.php/sid/214723904/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:08 -0400 http://www.heraldglobe.com/index.php/sid/214723904/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- Financial stocks were down in premarket action Thursday, tracking a drop in the broader global markets on concerns the Federal Reserve will reduce its bond-buying program and a reported drop in China's manufacturing index for May. The Financial Select Sector SPDR ... http://www.heraldglobe.com/index.php/sid/214722825/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:54:07 -0400 http://www.heraldglobe.com/index.php/sid/214722825/scat/da4df54c389ee3f7 US stocks slipped on Thursday, recovering from session lows as encouraging domestic economic data and a rally in Hewlett-Packard's shares offset concerns about the timing of any reduction in the Federal Reserve's monetary ... http://www.heraldglobe.com/index.php/sid/214722729/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:47:32 -0400 http://www.heraldglobe.com/index.php/sid/214722729/scat/da4df54c389ee3f7 An agreement has been reached on allocating an additional $175 million for debt service to accommodate a major round of construction projects on numerous public university campuses across Texas. The Senate gave final approval to the measure House Bill 1025, authored by State Rep. Jim Pitts, R-Waxahachie on Wednesday evening. The House had previously proposed $200 million in additional so-called ... http://www.heraldglobe.com/index.php/sid/214722839/scat/da4df54c389ee3f7 Thu, 23 May 2013 15:13:25 -0400 http://www.heraldglobe.com/index.php/sid/214722839/scat/da4df54c389ee3f7 NEW YORK | Thu May 23, 2013 2:59pm EDT NEW YORK May 23 (Reuters) - U.S. stocks hit session highs in a volatile session on Thursday with the Dow industrials posting a second straight swing of more than 160 points as investors digest the Federal Reserve's evolving policy stance. The Dow Jones industrial average rose 20.81 points or 0.14 percent, to 15,327.98, the S&P 500 lost 1.98 ... http://www.heraldglobe.com/index.php/sid/214722710/scat/da4df54c389ee3f7 Thu, 23 May 2013 14:59:58 -0400 http://www.heraldglobe.com/index.php/sid/214722710/scat/da4df54c389ee3f7 LONDON/HONG KONG--Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ... http://www.heraldglobe.com/index.php/sid/214721159/scat/da4df54c389ee3f7 Thu, 23 May 2013 14:53:21 -0400 http://www.heraldglobe.com/index.php/sid/214721159/scat/da4df54c389ee3f7 amount of bonds the Fed buys each month within "a few meetings," while minutes from the Fed's latest policy meeting showed that some central bank members were willing to dial down the Fed's bond-buying program as soon as June. "We can call Bernanke the Hamlet Fed chairman," said Jonathan Lewis, chief investment officer at Samson Capital Advisors. "He is ... http://www.heraldglobe.com/index.php/sid/214721198/scat/da4df54c389ee3f7 Thu, 23 May 2013 14:46:17 -0400 http://www.heraldglobe.com/index.php/sid/214721198/scat/da4df54c389ee3f7 Thu May 23, 2013 2:28pm EDT * HP jumps after raising 2013 outlook * Encouraging economic data help stocks retreat from lows * Investors fret about timing of Fed stimulus pullback * Dow up 0.1 pct; S&P 500 off 0.2 pct; Nasdaq off 0.1 pct By Angela Moon NEW YORK, May 23 (Reuters) - U.S. stocks mostly edged lower on Thursday but were sharply off their session lows as a rally in Hewlett-Packard's ... http://www.heraldglobe.com/index.php/sid/214722709/scat/da4df54c389ee3f7 Thu, 23 May 2013 14:28:27 -0400 http://www.heraldglobe.com/index.php/sid/214722709/scat/da4df54c389ee3f7 Thu May 23, 2013 3:37pm EDT * U.S. equities recoup earlier losses, supporting oil * Chinese factory activity shrinks, raising demand doubts * U.S. single-family home sales rise 2.3 pct * Euro zone business downturn eases in May-PMI * U.S. gasoline stocks abundant ahead of driving season (Updates prices, recasts) By Anna Louie Sussman NEW YORK, May 23 (Reuters) - Brent crude oil prices retraced ... http://www.heraldglobe.com/index.php/sid/214723428/scat/da4df54c389ee3f7 Thu, 23 May 2013 14:28:06 -0400 http://www.heraldglobe.com/index.php/sid/214723428/scat/da4df54c389ee3f7 NEW YORK | Thu May 23, 2013 2:27pm EDT NEW YORK May 23 (Reuters) - The Federal Reserve bought $15.3 billion of agency mortgage-backed securities from May 16 through May 22, less than the $17.3 billion it purchased last week, the New York Federal Reserve Bank said on Thursday. In a move to help the housing market, since October 2011 the U.S. central bank has been using funds from ... http://www.heraldglobe.com/index.php/sid/214723894/scat/da4df54c389ee3f7 Thu, 23 May 2013 14:27:48 -0400 http://www.heraldglobe.com/index.php/sid/214723894/scat/da4df54c389ee3f7 U.S. stocks and bonds were little changed on Thursday, with equities rebounding from what traders considered an excessive drop on Wednesday, though concerns remained over the pace of global economic growth.The midday strength in U.S. equities bucked a worldwide trend of weakness. European shares ended down 2 per cent while Japan plummeted 7.2 per cent on weak data from China and ... http://www.heraldglobe.com/index.php/sid/214719511/scat/da4df54c389ee3f7 Thu, 23 May 2013 13:47:43 -0400 http://www.heraldglobe.com/index.php/sid/214719511/scat/da4df54c389ee3f7 By Kevin Allison and Christopher Swann, Reuters Breakingviews FORTUNE -- A trade war is brewing over solar panels but the casus belli looks shaky. Western manufacturers probably exaggerate the impact of cheap Chinese kit on the industry's health. Panel profits need to rise, but punitive tariffs and possible Chinese retaliation may just make solar energy less competitive. Europe's ... http://www.heraldglobe.com/index.php/sid/214719958/scat/da4df54c389ee3f7 Thu, 23 May 2013 13:28:57 -0400 http://www.heraldglobe.com/index.php/sid/214719958/scat/da4df54c389ee3f7 Maybe it's time to change that Wall Street phrase about stocks in the summertime to "Sell on the 23rd of May and go away?" Stocks around the world took a hit Thursday on the heels of a disappointing report ... http://www.heraldglobe.com/index.php/sid/214720812/scat/da4df54c389ee3f7 Thu, 23 May 2013 13:28:55 -0400 http://www.heraldglobe.com/index.php/sid/214720812/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- Treasurys lost most of their early gains Thursday as stocks recovered from a sharp morning drop on improving economic ... http://www.heraldglobe.com/index.php/sid/214719602/scat/da4df54c389ee3f7 Thu, 23 May 2013 13:21:05 -0400 http://www.heraldglobe.com/index.php/sid/214719602/scat/da4df54c389ee3f7 Fitch: Sub-Saharan Africa Has Gradual Upgrade Potential Fitch Ratings says in a newly-published report that targeted reforms and policy initiatives could see Sub-Saharan Africa's (SSA) sub-investment grade ratings gradually upgraded, despite per capita income falling well short of peers. The challenge for Africa from a rating perspective is the low level of GDP per capita - most SSA ... http://www.heraldglobe.com/index.php/sid/214720814/scat/da4df54c389ee3f7 Thu, 23 May 2013 13:17:57 -0400 http://www.heraldglobe.com/index.php/sid/214720814/scat/da4df54c389ee3f7 * U.S. shares recover, but growth outlook still uncertain * Japan, Europe tumble after weak data from China, euro zone * Dollar index lower, yen gains against dollar By Ryan Vlastelica NEW YORK, May 23 (Reuters) - U.S. stocks and bonds were ... http://www.heraldglobe.com/index.php/sid/214720816/scat/da4df54c389ee3f7 Thu, 23 May 2013 13:03:48 -0400 http://www.heraldglobe.com/index.php/sid/214720816/scat/da4df54c389ee3f7 NEW YORK -- It took Japan's biggest one-day stock plunge since the tsunami in March 2011 to remind investors around the globe that even a white-hot stock market can cool in a hurry when information changes and investors get spooked enough to question their investment thesis. In a span of 24 hours, the perception of stocks as the only investment worth owning in a world of rock-bottom interest ... http://www.heraldglobe.com/index.php/sid/214717950/scat/da4df54c389ee3f7 Thu, 23 May 2013 12:13:37 -0400 http://www.heraldglobe.com/index.php/sid/214717950/scat/da4df54c389ee3f7 HPQ ). HP is riding the wave of Meg Whitman's turnaround plan. The CEO said she's "encouraged" by the results so far, but cautioned it will take some time. The company reported earnings late Wednesday that topped notoriously low forecasts and issued an improved profit outlook. So, even though sales are still not quite up to par, investors are feeling pretty ... http://www.heraldglobe.com/index.php/sid/214719187/scat/da4df54c389ee3f7 Thu, 23 May 2013 12:12:07 -0400 http://www.heraldglobe.com/index.php/sid/214719187/scat/da4df54c389ee3f7 NEW YORK | Thu May 23, 2013 12:09pm EDT NEW YORK May 23 (Reuters) - U.S. stocks pared their losses on Thursday, with the Dow turning positive on strength in Hewlett-Packard Co and Boeing Co HP soared 14.1 percent to $24.22 a day after raising its profit outlook, while Boeing gained 1.9 percent to $99.82. The Dow Jones industrial average rose 3.90 points, or 0.03 percent, to 15,311.07. ... http://www.heraldglobe.com/index.php/sid/214719527/scat/da4df54c389ee3f7 Thu, 23 May 2013 12:09:54 -0400 http://www.heraldglobe.com/index.php/sid/214719527/scat/da4df54c389ee3f7 but the retailer's president told MarketWatch on Thursday that the new console and the rival PlayStation 4 coming out later this year will help the company's business. GameStop noted in its first-quarter report on Thursday morning that it has a market share of about 48% of the U.S. sales of new game software for the current Xbox 360 and PlayStation 3 consoles, and the company's ... http://www.heraldglobe.com/index.php/sid/214719190/scat/da4df54c389ee3f7 Thu, 23 May 2013 12:04:01 -0400 http://www.heraldglobe.com/index.php/sid/214719190/scat/da4df54c389ee3f7 +37.50% shares soared more than 35%, to $18.92 as the e-commerce software maker made its debut as a publicly traded company. ChannelAdvisor specializes in hosting software that lets companies sell items over different online sites. The company sold $5.75 million shares at $14 each after earlier setting a price range of $12 to $14 a ... http://www.heraldglobe.com/index.php/sid/214719189/scat/da4df54c389ee3f7 Thu, 23 May 2013 12:04:00 -0400 http://www.heraldglobe.com/index.php/sid/214719189/scat/da4df54c389ee3f7 What do the SS Gairsoppa and the NASDAQ have in common? Odyssey Marine Exploration Inc. (NASDAQ: OMEX) has opened them both. The Tampa-based deep-ocean exploration company rang the opening bell at the NASDAQ MarketSite this morning to promote an exhibition opening on Friday at Discovery Times Square. The exhibit, SHIPWRECK! Pirates and Treasure explores years of research by Odyssey and features ... http://www.heraldglobe.com/index.php/sid/214718970/scat/da4df54c389ee3f7 Thu, 23 May 2013 11:47:39 -0400 http://www.heraldglobe.com/index.php/sid/214718970/scat/da4df54c389ee3f7 Thu May 23, 2013 11:37am EDT * Weak Chinese factory, euro zone sentiment data hit global stock markets * Bernanke's comments on reducing bond-buying weigh on markets * Nikkei drops 7 pct, Wall Street down for second day * Yen gains more than 2 pct vs dollar and euro By Ryan Vlastelica NEW YORK, May 23 (Reuters) - Stock markets worldwide fell sharply on Thursday as surprisingly weak data from ... http://www.heraldglobe.com/index.php/sid/214717991/scat/da4df54c389ee3f7 Thu, 23 May 2013 11:37:37 -0400 http://www.heraldglobe.com/index.php/sid/214717991/scat/da4df54c389ee3f7 ';Growth is expected to accelerate to 3.8 percent in 2015. At these growth rates, the negative output gap will widen further before stabilising next year, and begin to close during ... http://www.heraldglobe.com/index.php/sid/214716459/scat/da4df54c389ee3f7 Thu, 23 May 2013 11:10:12 -0400 http://www.heraldglobe.com/index.php/sid/214716459/scat/da4df54c389ee3f7 A soft Chinese report that portends contraction in the manufacturing sector prompted big moves in opposite directions for many of the metals Thursday - with industrially oriented commodities like copper taking it on the chin but gold getting a bid on safe-haven demand, analysts said. HSBC's flash Purchasing Managers Index for China fell to 49.6 in May from 50.4 in April. Readings under 50 ... http://www.heraldglobe.com/index.php/sid/214716527/scat/da4df54c389ee3f7 Thu, 23 May 2013 11:08:30 -0400 http://www.heraldglobe.com/index.php/sid/214716527/scat/da4df54c389ee3f7 Sergio Marchionne, left, the CEO of Chrysler Group and Fiat, isn't happy by the claim of Tesla CEO Elon Musk that Tesla is the first automaker to repay all of its ... http://www.heraldglobe.com/index.php/sid/214716401/scat/da4df54c389ee3f7 Thu, 23 May 2013 10:59:03 -0400 http://www.heraldglobe.com/index.php/sid/214716401/scat/da4df54c389ee3f7 U.S. Energy Information Administration reported a rise of 89 billion cubic foot in inventories for the week ended May 17. Analysts polled by Platts forecasted a climb between 90 billion cubic feet and 94 billion cubic feet. Total stocks now stand at 2.053 trillion cubic feet, down 680 billion cubic feet from the year-ago level and 84 billion cubic feet below the five-year average, the government ... http://www.heraldglobe.com/index.php/sid/214716614/scat/da4df54c389ee3f7 Thu, 23 May 2013 10:50:56 -0400 http://www.heraldglobe.com/index.php/sid/214716614/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- Mortgage rates rose for the third straight week, Freddie Mac reported Thursday. The 30-year fixed-rate mortgage averaged 3.59% with an average 0.7 point for the week ending May 23, 2013, up from last week when it averaged 3.51%. The 15-year FRM this week averaged 2.77% with an average 0.7 point, up from last week when it averaged 2.69%. The 5-year Treasury-indexed ... http://www.heraldglobe.com/index.php/sid/214717567/scat/da4df54c389ee3f7 Thu, 23 May 2013 10:50:55 -0400 http://www.heraldglobe.com/index.php/sid/214717567/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - Sales of new U.S. homes edged up in April to the second-highest post-recession level, as pent-up demand, low interest rates and tight inventories of older homes lift demand. New home sales reached a seasonally adjusted annual rate of 454,000, up 2.3% from an upwardly revised level of 444,000 in March, the Commerce Department said Thursday. Economists polled by ... http://www.heraldglobe.com/index.php/sid/214717566/scat/da4df54c389ee3f7 Thu, 23 May 2013 10:50:54 -0400 http://www.heraldglobe.com/index.php/sid/214717566/scat/da4df54c389ee3f7 SAN FRANCISCO (MarketWatch) -- Tech stocks followed the broad market south in early trading Thursday as negative reaction to comments from Federal Reserve Chief Ben Bernanke, economic data from China, and a big selloff in Japan weighed on investors' sentiment. Nearly every major tech stock was in the red, with losses coming from Microsoft ... http://www.heraldglobe.com/index.php/sid/214717565/scat/da4df54c389ee3f7 Thu, 23 May 2013 10:50:54 -0400 http://www.heraldglobe.com/index.php/sid/214717565/scat/da4df54c389ee3f7 +22.95% shares surged 23% to $41.97 on Thursday after it agreed to sell itself to private equity firm Apax Partners for $42 a share, or $1.1 billion. The buyout deal trumped the news of the company's preliminary first-quarter profit forecast that missed Wall Street ... http://www.heraldglobe.com/index.php/sid/214717564/scat/da4df54c389ee3f7 Thu, 23 May 2013 10:50:53 -0400 http://www.heraldglobe.com/index.php/sid/214717564/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- U.S. stocks opened with steep losses on Thursday, as fears over a tapering of the Federal Reserve's bond-buying program and weak Chinese economic data sent investors fleeing from stocks. Japanese equities plunged overnight, with the Nikkei Stock ... http://www.heraldglobe.com/index.php/sid/214716797/scat/da4df54c389ee3f7 Thu, 23 May 2013 10:50:52 -0400 http://www.heraldglobe.com/index.php/sid/214716797/scat/da4df54c389ee3f7 Thu May 23, 2013 10:18am EDT * HP jumps after raising 2013 outlook * China manufacturing data shows contraction * Indexes off: Dow 0.55 pct, S&P 0.76 pct, Nasdaq 0.60 pct By Chuck Mikolajczak NEW YORK, May 23 (Reuters) - U.S. stocks dropped on Thursday, with the S&P 500 on pace for its first back-to-back daily drop in a month amid investor concerns the U.S. Federal Reserve's stimulus may be ... http://www.heraldglobe.com/index.php/sid/214716320/scat/da4df54c389ee3f7 Thu, 23 May 2013 10:18:58 -0400 http://www.heraldglobe.com/index.php/sid/214716320/scat/da4df54c389ee3f7 FILE - In this Thursday, May 2, 2013, file photo, Trader John Liotti works on the floor of the New York Stock Exchange. Japanese stocks plummeted Thursday May 23, 2013 after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. (AP Photo/Richard ... http://www.heraldglobe.com/index.php/sid/214714854/scat/da4df54c389ee3f7 Thu, 23 May 2013 10:07:46 -0400 http://www.heraldglobe.com/index.php/sid/214714854/scat/da4df54c389ee3f7 © Thomson Reuters 2012. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. Thomson Reuters is not liable for any errors or delays in Thomson Reuters content, or for any actions taken in reliance on such content. 'Thomson Reuters' and the Thomson ... http://www.heraldglobe.com/index.php/sid/214715990/scat/da4df54c389ee3f7 Thu, 23 May 2013 10:05:04 -0400 http://www.heraldglobe.com/index.php/sid/214715990/scat/da4df54c389ee3f7 Thu May 23, 2013 10:03am EDT * Signs Fed could taper bond-buying soon trigger share selloff * Weak Chinese factory, euro zone sentiment data add to concerns * Nikkei drops 7.3 pct, Wall Street opens lower * Yen gains over 2 pct against dollar and euro By Richard Hubbard LONDON, May 22 (Reuters) - World stocks fell and measures of investor risk aversion surged on Thursday on signs the U.S. central ... http://www.heraldglobe.com/index.php/sid/214716367/scat/da4df54c389ee3f7 Thu, 23 May 2013 10:03:00 -0400 http://www.heraldglobe.com/index.php/sid/214716367/scat/da4df54c389ee3f7 New York - US stocks were set for a lower open on Thursday, with the S&P 500 on track for its first back-to-back daily drop in a month, amid investor concerns the US Federal Reserve's stimulus may be scaled back sooner than hoped and over weak data in ... http://www.heraldglobe.com/index.php/sid/214714861/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:57:48 -0400 http://www.heraldglobe.com/index.php/sid/214714861/scat/da4df54c389ee3f7 PRGO ) today announced that it will transfer its listing from Nasdaq to the New York Stock Exchange on June 6. It will keep its ticker "PRGO". To mark the occasion, company representatives will ring the opening bell. Last ... http://www.heraldglobe.com/index.php/sid/214715488/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:56:07 -0400 http://www.heraldglobe.com/index.php/sid/214715488/scat/da4df54c389ee3f7 Following market declines around the world, Wall Street opened lower on Thursday after investors were rattled by signs of a slowdown in Chinese manufacturing and a potential easing of central bank support for the economy. The worst drop in share prices was seen in Tokyo, where the Nikkei index fell 7.3 percent, the most since the 2011 tsunami there. In New York, the benchmark Standard ... http://www.heraldglobe.com/index.php/sid/214716280/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:49:30 -0400 http://www.heraldglobe.com/index.php/sid/214716280/scat/da4df54c389ee3f7 USA The Japanese Nikkei lost 7.3 percent on Thursday, the worst loss in over two years, after China released unexpectedly weak Flash PMI accompanied by hints that the US Federal Reserve could shut down its stimulus program in ... http://www.heraldglobe.com/index.php/sid/214714906/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:48:01 -0400 http://www.heraldglobe.com/index.php/sid/214714906/scat/da4df54c389ee3f7 The decline in business activity in the 17-nation eurozone slowed in May, but surveys published Thursday suggest the region's longest recession will extend into another ... http://www.heraldglobe.com/index.php/sid/214714908/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:46:00 -0400 http://www.heraldglobe.com/index.php/sid/214714908/scat/da4df54c389ee3f7 David Cameron FORTUNE -- U.K. Prime Minister David Cameron says he's "not embarrassed" that foreign companies are investing in and acquiring British brands; indeed, he thinks Britain's open door policy makes it a good place for businesses to operate. "I said to the Chinese Investment Corporation the other day, 'I'm not embarrassed you own 10% of our biggest ... http://www.heraldglobe.com/index.php/sid/214714907/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:45:59 -0400 http://www.heraldglobe.com/index.php/sid/214714907/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- Sales of new single-family homes are forecast to rise to an annual rate of 430,000 in April from a rate of 417,000 in March, according to economists polled by MarketWatch. If the rate of new-home sales hits 430,000 in April, the level will be up 20% from the same period in the prior year. Near-record-low interest rates are supporting housing affordability, though there ... http://www.heraldglobe.com/index.php/sid/214715991/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:37:47 -0400 http://www.heraldglobe.com/index.php/sid/214715991/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- The U.S. flash manufacturing purchasing managers' index fell to a 51.9 reading in May from 52.1 in April, Markit said Thursday. This is the lowest reading since last October. Details of the report were mixed. New orders improved in May, but employment grew at the slowest rate in seven ... http://www.heraldglobe.com/index.php/sid/214714914/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:37:46 -0400 http://www.heraldglobe.com/index.php/sid/214714914/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- U.S. home prices rose a seasonally adjusted 1.3% in March, and prices grew 6.7% in the first quarter from the same period of 2012, ... http://www.heraldglobe.com/index.php/sid/214715994/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:37:46 -0400 http://www.heraldglobe.com/index.php/sid/214715994/scat/da4df54c389ee3f7 +22.58% said on Thursday that it agreed to be bought by private equity firm Apax Partners for $42 a share, or $1.1 billion. The retailer also said its comparable sales fell 4.6% in the first quarter with per-share profit expected to be 44 cents. Analysts, on average, estimated the company to earn 48 cents a share, according to FactSet. Its shares were little changed in premarket ... http://www.heraldglobe.com/index.php/sid/214715993/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:37:45 -0400 http://www.heraldglobe.com/index.php/sid/214715993/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- Treasurys, which gained Thursday morning in a flight-to-safety bid, gave back part of that price rise on the heels of positive jobs data. The number of new people applying for unemployment benefits dropped 23,000 to 340,000 last week. That beats the consensus forecast of 343,000. The 10-year Treasury ... http://www.heraldglobe.com/index.php/sid/214715992/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:37:44 -0400 http://www.heraldglobe.com/index.php/sid/214715992/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - The number of people who applied for new unemployment benefits fell by 23,000 to 340,000 in the week ended May 18, ... http://www.heraldglobe.com/index.php/sid/214715995/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:37:42 -0400 http://www.heraldglobe.com/index.php/sid/214715995/scat/da4df54c389ee3f7 Thu May 23, 2013 9:35am EDT (Adds comments on labour relations) JOHANNESBURG May 23 (Reuters) - Below are comments from South African Reserve Bank Governor Gill Marcus at her latest decision on the repo rate. INFLATION "Inflation is now expected to average 0.1 percentage points lower in 2013 and 2014 at 5.8 percent and 5.2 percent, respectively, and to average 5.0 percent in ... http://www.heraldglobe.com/index.php/sid/214716438/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:35:18 -0400 http://www.heraldglobe.com/index.php/sid/214716438/scat/da4df54c389ee3f7 NEW YORK The momentum of a late sell-off on Wall Street is carrying through for a second day, with U.S. futures and global stock markets in retreat. Dow Jones industrial futures are down 102 points to 15,218. S&P futures have lost 13.2 points to 1,642.40. Nasdaq futures are down 23.25 points to 2,977.75. U.S. stocks began selling off late Wednesday when minutes from the Federal Reserve left ... http://www.heraldglobe.com/index.php/sid/214714883/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:34:24 -0400 http://www.heraldglobe.com/index.php/sid/214714883/scat/da4df54c389ee3f7 Federal Reserve System Chairman Benjamin Bernanke said the bank will likely keep interest rates low for now Federal Reserve System Chairman Benjamin Bernanke said the bank will likely keep interest rates low for now, but could reduce the amount of bonds it is buying. Bernanke, in remarks prepared for his appearance before Congress Wednesday, also said the federal governments budget cuts are ... http://www.heraldglobe.com/index.php/sid/214714996/scat/da4df54c389ee3f7 Thu, 23 May 2013 09:27:44 -0400 http://www.heraldglobe.com/index.php/sid/214714996/scat/da4df54c389ee3f7 Sprott Silver Equities Class co-manager Maria Smirnova explains why Sprott increased holdings of silver equities in certain of his funds. A Gold Report ... http://www.heraldglobe.com/index.php/sid/214714572/scat/da4df54c389ee3f7 Thu, 23 May 2013 08:47:11 -0400 http://www.heraldglobe.com/index.php/sid/214714572/scat/da4df54c389ee3f7 isn't even close . There have been lots of stories about Bitcoin in the past few months thanks to its rapid price rise -- from $5 a year ago for 1 bitcoin ... http://www.heraldglobe.com/index.php/sid/214714579/scat/da4df54c389ee3f7 Thu, 23 May 2013 08:33:57 -0400 http://www.heraldglobe.com/index.php/sid/214714579/scat/da4df54c389ee3f7 Fortune 500 ) to launch a chain of cell phone stores targeted to the Latino population. Verizon and Lopez announced the partnership Wednesday at the CTIA wireless industry trade show in Las ... http://www.heraldglobe.com/index.php/sid/214713584/scat/da4df54c389ee3f7 Thu, 23 May 2013 08:33:55 -0400 http://www.heraldglobe.com/index.php/sid/214713584/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- Treasurys gained Thursday as investors bid up government debt in flight-to-safety trades that helped recoup some of Wednesday's losses. The Nikkei 225 ... http://www.heraldglobe.com/index.php/sid/214714580/scat/da4df54c389ee3f7 Thu, 23 May 2013 08:25:46 -0400 http://www.heraldglobe.com/index.php/sid/214714580/scat/da4df54c389ee3f7 -0.79% said Thursday that its fiscal fourth quarter profit rose to $127.2 million, or $1.37 a share, from $94.4 million, or 99 cents, a year earlier. Revenue in the quarter ended March 30 rose 1% to $1.6 billion. Excluding charges, the company said it would have earned $1.41 a share. Analysts, on average, estimated the company to earn $1.32 a share on sales of $1.7 billion, according to FactSet. ... http://www.heraldglobe.com/index.php/sid/214714581/scat/da4df54c389ee3f7 Thu, 23 May 2013 08:25:45 -0400 http://www.heraldglobe.com/index.php/sid/214714581/scat/da4df54c389ee3f7 NEW YORK (MarketWatch) -- Financial stocks were down in premarket action Thursday, tracking a drop in the broader global markets on concerns the Federal Reserve will reduce its bond-buying program. The Financial Select Sector SPDR ... http://www.heraldglobe.com/index.php/sid/214713626/scat/da4df54c389ee3f7 Thu, 23 May 2013 08:25:44 -0400 http://www.heraldglobe.com/index.php/sid/214713626/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - Initial U.S. jobless claims are forecast to decline to 343,000 in the week ended May 18 from 360,000 in the prior week, according to analysts surveyed by MarketWatch. The Labor Department will release the claims data at 8:30 a.m. Eastern. Two weeks ago, new applications for unemployment benefits surged to a six-week high, reversing a downward trend that had put claims ... http://www.heraldglobe.com/index.php/sid/214714583/scat/da4df54c389ee3f7 Thu, 23 May 2013 08:25:43 -0400 http://www.heraldglobe.com/index.php/sid/214714583/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- As home prices increased, the number of owners who owed more on a home than the property was worth fell to about 13 million in the first quarter from 15.7 million during the same period in the prior year, according to data released Thursday by Zillow, an online real estate database. On a percentage basis, 25.4% of all homeowners with a mortgage had negative equity in ... http://www.heraldglobe.com/index.php/sid/214714582/scat/da4df54c389ee3f7 Thu, 23 May 2013 08:25:43 -0400 http://www.heraldglobe.com/index.php/sid/214714582/scat/da4df54c389ee3f7 +0.57% shares were up more than 12% in premarket trading on Thursday after the firm reported better-than-expected earnings for the second-quarter. The tech-giant was able to hold margins on its products, despite a drop in earnings. The firm is going through a turnaround which could take several years, said Meg Whitman, who took over as CEO in ... http://www.heraldglobe.com/index.php/sid/214713527/scat/da4df54c389ee3f7 Thu, 23 May 2013 08:25:42 -0400 http://www.heraldglobe.com/index.php/sid/214713527/scat/da4df54c389ee3f7 Thu May 23, 2013 7:59am EDT (The author is a Reuters contributor. The opinions expressed are his/her own.) By Chris Taylor NEW YORK May 23 (Reuters) - In the annals of Hollywood, Wall Street has not been treated very kindly. From "Wall Street" to "Boiler Room", "Trading Places" to "American Psycho", the halls of finance are usually portrayed as places of shiny ... http://www.heraldglobe.com/index.php/sid/214714868/scat/da4df54c389ee3f7 Thu, 23 May 2013 07:59:58 -0400 http://www.heraldglobe.com/index.php/sid/214714868/scat/da4df54c389ee3f7 Majid Al Futtaim Holding , which bought Carrefour's 25 per cent stake in its Middle East joint venture, may sell bonds, according to three people familiar with the plans. The Dubai-based company will hold investor meetings in the United Arab Emirates, Asia and Europe from May 26 and a sale of dollar-denominated, perpetual securities may follow subject to market conditions, according to the ... http://www.heraldglobe.com/index.php/sid/214713203/scat/da4df54c389ee3f7 Thu, 23 May 2013 07:43:09 -0400 http://www.heraldglobe.com/index.php/sid/214713203/scat/da4df54c389ee3f7 Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. Several reasons have been blamed for the 7.3 percent fall in the Nikkei index to 14,483.98, including a spike in Japanese government bond yields ... http://www.heraldglobe.com/index.php/sid/214712220/scat/da4df54c389ee3f7 Thu, 23 May 2013 07:30:18 -0400 http://www.heraldglobe.com/index.php/sid/214712220/scat/da4df54c389ee3f7 NEW: David Cameron says Britain will be "absolutely resolute" in the face of extremism A UK Muslim radical leader says he knows a man named as a suspect on social media Government ministers and security officials attend an emergency meeting Video shows a man with a cleaver and swearing "by Allah" to keep ... http://www.heraldglobe.com/index.php/sid/214712875/scat/da4df54c389ee3f7 Thu, 23 May 2013 07:23:29 -0400 http://www.heraldglobe.com/index.php/sid/214712875/scat/da4df54c389ee3f7 LONDON (MarketWatch) -- The dollar slumped on Thursday, dropping closer to the 100-yen level, as Japanese stocks plunged on the back of disappointing Chinese data and fears the U.S. Federal Reserve could soon begin to reduce its bond ... http://www.heraldglobe.com/index.php/sid/214712275/scat/da4df54c389ee3f7 Thu, 23 May 2013 07:14:29 -0400 http://www.heraldglobe.com/index.php/sid/214712275/scat/da4df54c389ee3f7 WAM ABU DHABI: National Bank of Abu Dhabi P.J.S.C. (NBAD) has announced plans to sell USD 350 million senior unsecured convertible bonds due 2018 (the "Bonds") convertible into ordinary shares of NBAD ("NBAD Shares") with an increase option of up to USD 35 million. NBAD appointed BofA Merrill Lynch, Barclays and J.P. Morgan Securities plc as Joint Global Co-ordinators and ... http://www.heraldglobe.com/index.php/sid/214713205/scat/da4df54c389ee3f7 Thu, 23 May 2013 06:59:49 -0400 http://www.heraldglobe.com/index.php/sid/214713205/scat/da4df54c389ee3f7 The FTSE lost close to two percent in early trading on the back of signs the US may wind down quantitative easing measures and weak Chinese data. The losses were reflected across European bourses, spooked by a seven percent plunge on Japan's Nikkei index. London's benchmark FTSE 100 index retreated 1.74 percent, Frankfurt's DAX 30 slumped 2.33 percent and in Paris the CAC 40 ... http://www.heraldglobe.com/index.php/sid/214711151/scat/da4df54c389ee3f7 Thu, 23 May 2013 06:11:27 -0400 http://www.heraldglobe.com/index.php/sid/214711151/scat/da4df54c389ee3f7 LONDON (MarketWatch) -- Private-sector activity in the 17-nation euro zone continued to shrink in May, albeit at a slower pace than in previous months, according to the preliminary Markit composite purchasing managers' index released on Thursday. The index rose to a three-month high of 47.7 from 46.9 in April, beating expectations, but still well below the 50-mark that separates expansion ... http://www.heraldglobe.com/index.php/sid/214711194/scat/da4df54c389ee3f7 Thu, 23 May 2013 06:04:49 -0400 http://www.heraldglobe.com/index.php/sid/214711194/scat/da4df54c389ee3f7 Just more than a year has passed since Facebook's hyped listing, the biggest since Google, and a good time to see how the stock has fared and whether investors who jumped on the bandwagon at listing have benefited. Although not directly comparable, it is worth having a look at how business networking site LinkedIn has done on the market when compared against its social peer as a yard stick. ... http://www.heraldglobe.com/index.php/sid/214710916/scat/da4df54c389ee3f7 Thu, 23 May 2013 05:16:17 -0400 http://www.heraldglobe.com/index.php/sid/214710916/scat/da4df54c389ee3f7 MZOR ) will begin trading on Nasdaq Capital Market next Tuesday. The company will list American Depositary Shares (ADSs), each of which will represent two shares traded on the Tel Aviv Stock Exchange (TASE). The ADRs will be traded under the ticker "MZOR". Trading in the ADSs will be through the Bank of New York Mellon. Mazor develops and sells the Renaissance surgical navigation robot ... http://www.heraldglobe.com/index.php/sid/214710627/scat/da4df54c389ee3f7 Thu, 23 May 2013 05:14:37 -0400 http://www.heraldglobe.com/index.php/sid/214710627/scat/da4df54c389ee3f7 Fears of a slowdown in global growth were reinforced Thursday as a preliminary report on China's manufacturing in May showed activity contracted for the first time in seven ... http://www.heraldglobe.com/index.php/sid/214710484/scat/da4df54c389ee3f7 Thu, 23 May 2013 05:05:06 -0400 http://www.heraldglobe.com/index.php/sid/214710484/scat/da4df54c389ee3f7 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/214710925/scat/da4df54c389ee3f7 Thu, 23 May 2013 05:05:02 -0400 http://www.heraldglobe.com/index.php/sid/214710925/scat/da4df54c389ee3f7 A seven-month rally in Japanese stocks came to an abrupt halt Thursday as the benchmark Nikkei index plunged by 7.3%, with investors rattled by weak economic data from ... http://www.heraldglobe.com/index.php/sid/214710237/scat/da4df54c389ee3f7 Thu, 23 May 2013 05:05:00 -0400 http://www.heraldglobe.com/index.php/sid/214710237/scat/da4df54c389ee3f7