Global stocks hit by Ukraine war threat
The rising threat of war between Ukraine and Russia spooked markets and sent investors scurrying for relative safety on Monday- with the Moscow stock market down 9 percent - and lifting gold to a four-month high.
Global stocks hit by Ukraine war threat
The rising threat of war between Ukraine and Russia spooked markets and sent investors scurrying for relative safety on Monday- with the Moscow stock market down 9 percent - and lifting gold to a four-month high.
16 mins agoIn General Motors Recalls, Inaction and Trail of Fatal Crashes
G.M. has been sued, and now faces an investigation by the safety agency and the possibility of a criminal investigation, similar to the criminal inquiry Toyota is facing after recalls over the unintended ...
16 mins agoApple launches iPhone voice control for drivers
FRアンコ.......ウソやウソ,ANKやわ,はっはっ,FURT (Reuters) - Apple (NSQ:AAPL) makes its next move in hands-free smartphone technology for car drivers when it unveils a new, integrated iPhone voice-control system at the Geneva Motor Show this ...
16 mins agoTwo top Microsoft execs to leave in reshuffle - reports
REUTERS - In the biggest management reshuffle at Microsoft Corp(NSQ:MSFT) since Satya Nadella took over as its chief executive, two top executives, Tony Bates and Tami Reller, will leave the company while ...
16 mins agoBuffett Targets Mother Lode of Opportunity in U.S., Deals
Warren Buffett assured shareholders of his Berkshire Hathaway Inc. (BRK/A) that he has plenty of ways to deploy cash after posting record earnings in 2013. In his annual letter, Buffett highlighted how Berkshire's energy unit will seek another takeover after a $5.6 billion acquisition, and he explained why a $12.3 billion investment to help take HJ Heinz Co. private was a template for future deals. The Berkshire chairman and chief executive officer also discussed subsidiaries' appetite to spend billions of dollars on smaller transactions, as well as equipment and plants.
16 mins agoDisney ends funding to Boy Scouts over gay policy
The Walt Disney Company will cut funding to the Boy Scouts of America beginning in 2015 because of a policy that bans gay adult leaders in the organization. The Boy Scouts organization is "disappointed" ...
16 mins agoBig or small, spending-cut efforts hit roadblocks
The budget gurus in Congress have failed for years to find a grand bargain to reduce the government's long-term debt, so this year they decided to go small. Just 1 percentage point would be shaved from ...
16 mins agoChina's manufacturing, services sectors diverge in February
China's services sector regained some momentum in February but its manufacturing sector struggled, separate surveys showed on Monday, with the divergence adding to the difficulty in assessing the strength of the economy at the start of 2014. Weak investment and declining manufacturing PMI readings have been countered by surprisingly buoyant exports and bank lending. The official non-manufacturing Purchasing Managers' Index (PMI) rose to a three-month high of 55.0 in February, while the final Markit/HSBC manufacturing Purchasing Managers' Index fell to 48.5, its third straight decline. You see exports strong, so external demand is fine," said Wei Yao, China economist at Societe Generale in Hong Kong.
16 mins agoSEC investigates Citigroup over fraudulent Mexican loans: source
The U.S. Securities and Exchange Commission is investigating Citigroup for accounting fraud after it disclosed bogus loans in its Mexican Banamex unit, a source familiar with the investigation said. The securities regulator is also examining whether Citigroup violated the Foreign Corrupt Practices Act, the source said. An employee at Banamex has been questioned by Mexican police after being suspected by the bank of involvement in the loan scheme, another source familiar with the police investigation said. Citigroup said on Friday it had found $400 million in bad Banamex loans and was reducing its full year profit by $235 million to $13.67 billion, after the bank had first reported its 2013 earnings more than one month ago.
16 mins agoBitcoin needs to grow up if it wants to survive Mt. Gox collapse
At this moment, it seems clear bitcoin needs some kind of regulation to protect consumers, or it will remain at best a fringe way to conduct transactions and, at worst, a venue that continues to attract shysters and criminals.
16 mins ago
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