Google invests $280 million in SolarCity
Apple, Nokia Enter Into Agreements to Settle Litigations About Patents
Stocks Advance 1% After Economic News
Stocks Cheered by Retail and Inflation Data
Euro Weakens on Speculation Greece's Debt Crisis Will Worsen
Thieves Found Citigroup Site an Easy Entry
By NELSON D. SCHWARTZ and ERIC DASH
Using the Citigroup customer Web site as a gateway to bypass traditional safeguards and impersonate actual credit card holders, thieves cracked into the bank's reservoir of personal data.
A City Tries to Slim Down
By STEPHANIE STROM
Louisville's efforts to combat obesity, how and where it is spending money to fight it, are instructive at a time when federal dollars are becoming more scarce and budgets are pinched.
Agency Cuts Greece's Debt Rating Again
By LANDON THOMAS Jr. and CHRISTINE HAUSER
The three-notch downgrade by Standard & Poor's is the latest sign that the market believes that Greece will be forced to default on its debt.
Oil hovers above $97 in Asia as traders worry global economy weakening
SIGNAPORE — Oil prices hovered above $97 a barrel Tuesday in Asia amid concern a weakening global economy is undermining crude demand. ( Associated Press Associated Press , AP)
SIGNAPORE — Oil prices hovered above $97 a barrel Tuesday in Asia amid concern a weakening global economy is undermining crude demand. ( Associated Press Associated Press , AP)
Dubai's Emirates announces new Iraq route, says flights to Baghdad to start in November
DUBAI, United Arab Emirates — The Dubai-based airline Emirates says it will begin flights to Baghdad in November. It’s the latest carrier to open a link to the Iraqi capital after years of conflict.
( Associated Press Associated Press , AP)
DUBAI, United Arab Emirates — The Dubai-based airline Emirates says it will begin flights to Baghdad in November. It’s the latest carrier to open a link to the Iraqi capital after years of conflict.
( Associated Press Associated Press , AP)
World markets higher after Wall Street ekes out gains amid US corporate deals
BANGKOK — A round of confidence-building corporate deals in the U.S. helped lift world stock markets Tuesday, despite China’s inflation rate jumping to a near three-year high.( Associated Press Associated Press , AP)
BANGKOK — A round of confidence-building corporate deals in the U.S. helped lift world stock markets Tuesday, despite China’s inflation rate jumping to a near three-year high.( Associated Press Associated Press , AP)
Bank of Japan boosts lending, leaves key interest rate unchanged at near zero
TOKYO — Japan’s central bank kept its key interest rate unchanged at virtually zero and expanded a lending program to bolster the disaster-hit economy. ( Associated Press Associated Press , AP)
TOKYO — Japan’s central bank kept its key interest rate unchanged at virtually zero and expanded a lending program to bolster the disaster-hit economy. ( Associated Press Associated Press , AP)
OECD for Raising Rates to Combat Inflation in India
ndia needs to be vigilant against the risks of high inflation and volatile capital flows even as the economy is poised for steady growth, the Organization for Economic Cooperation and Development said in a report released Tuesday.
OECD Adds Voice to Chorus for India Reforms
The OECD has said that India will need to embark on a series of reforms, particularly in its subsidy policies, if it wants to get to 10% annual GDP growth.
Morning Market Briefing
After turning in a lackluster performance in the previous session, stocks are likely to move sharply higher at the start of trading on Tuesday. The major index futures are currently pointing to a notably higher open, with the Dow futures up by 98 points. (Jun 14, 2011) Full Article
Inflation in China climbed to its highest level in nearly three years in May fueled by a rise in food costs, strengthening expectations that the central bank may tighten the monetary policy further despite signs of a slowdown in the economy. (Jun 14, 2011) Full Article
Bank of Japan, or BoJ, on Tuesday announced that it will expand the lending facility it introduced last summer to support recovery of the ailing economy. The bank also maintained its monetary policy stance by keeping the key interest rate near zero. (Jun 14, 2011) Full Article
China's central bank on Tuesday decided to increase the reserve requirement rate for banks for the sixth time this year to tame the stubbornly high inflation, that climbed to a 34-month high in May. (Jun 14, 2011) Full Article
British annual inflation held steady at the fastest rate since October 2008 in May, exceeding the 2 percent target for the 18th consecutive month on rising food and energy prices. (Jun 14, 2011) Full Article
With a drop in food prices offsetting a continued increase in energy prices in the month of May, the Labor Department released a report on Tuesday showing that producer prices for the month increased at the slowest rate in ten months. (Jun 14, 2011) Full Article
U.S. retail sales showed a modest decrease in the month of May, according to figures released by the Commerce Department on Tuesday, although sales fell by somewhat less than most economists had predicted. (Jun 14, 2011) Full Article
Stock index futures signal early bounce June 14, 2011 05:16 AM ET PARIS (Reuters) - Stock index futures pointed to a bounce at the open on Wall Street on Tuesday, with futures for the S&P 500 up 0.9 percent, Dow Jones futures up 0.5 percent and Nasdaq 100 futures up 0.7 percent at 0900 GMT (5 a.m. ET). | Full Article
Google has applied for Google Maps license in China: report June 14, 2011 06:01 AM ET SHANGHAI (Reuters) - Google Inc has applied for a license to operate its Google Maps product in China, China Business News reported on Tuesday, quoting an unnamed official. | Full Article
Inflation at 2.5 year high, but unlikely to move Bank LONDON (Reuters) - Inflation held at a 2-1/2 year high in May as rising food prices balanced a drop in travel costs, providing little comfort for the Bank of England which expects inflation to hit 5 percent later this year. | Full Article
Inflation quickens in China and India 14 JUN 2011 10:54 BST BEIJING/MUMBAI (Reuters) - Inflation in China and India accelerated in May, prompting Beijing to lift bank reserve requirements on Tuesday and keeping pressure on India to raise interest rates later this week even as Asia's two big growth engines show signs of slowing and recovery stalls elsewhere. | Full Article
S&P hands Greece world's lowest credit rating |
14 JUN 2011 11:05 BST |
ATHENS/NEW YORK (Reuters) - Greece became the lowest-rated country in the world according to Standard & Poor's, which downgraded it on Monday and warned that any attempt to restructure the country's debt would be considered a default. | Full Article The Daily Crux "Dr. Doom" Roubini: The end of the euro is coming "Scenarios that are treated as inconceivable today may not be so far-fetched..." Credit Suisse: Two big reasons gold will keep going higher "The recent economic uncertainty only strengthens the bull case for gold..." Top manager Greenblatt: Why most mutual funds are terrible investments "Investing with the managers who have performed the best is not a great strategy for beating the market going forward..." |
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