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Pimco's Gross Raises Treasuries in Fund to 30% Bloomberg Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., increased holdings of US government debt to the highest in 13 months on concern risks to the global economy are rising. Gross boosted the proportion of US ... See all stories on this topic » |
FDA halts orange juice shipments to test for fungicide CNN By Hibah Yousuf @CNNMoneyMarkets January 11, 2012: 6:50 PM ET The FDA is testing shipments of imported orange juice from all over the world for traces of fungicide. NEW YORK (CNNMoney) -- The US Food and Drug Administration says it has halted shipments ... See all stories on this topic » |
With Few Options, Continental Could Add Extra Tanks Wall Street Journal By SUSAN CAREY And ANDY PASZTOR If this winter's streak of strong headwinds across the Atlantic continues, Continental Airlines has few options for stemming a spate of unscheduled fuel stops on its 757 flights from Europe to the US short of adding ... See all stories on this topic » |
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Raymond James to buy Morgan Keegan Reuters By Rick Rothacker (Reuters) - Regions Financial Corp (RF.N) said on Wednesday it is selling Morgan Keegan to Raymond James Financial Inc (RJF.N) for $930 million in stock, concluding a drawn-out auction of the brokerage firm. ... See all stories on this topic » |
CFTC Tightens Swaps Reins Wall Street Journal By JAMILA TRINDLE WASHINGTON—Regulators approved new rules to protect customer money in certain derivatives markets, and said they are considering beefing up similar measures in futures markets. The Commodity Futures Trading Commission voted 4-1 to ... See all stories on this topic » |
Bloodied by Brussels, Hungary courts IMF for aid Reuters * Minister meets IMF chief for Thursday informal talks * Visit follows EU criticism on budget, democratic slippages * Budapest must reform disputed laws to secure vital aid By Gergely Szakacs BUDAPEST, Jan 12 (Reuters) - Hungary must convince the ... See all stories on this topic » |
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Power Plants Top EPA List on Emissions Wall Street Journal Three of Southern Co.'s Facilities Grab the Top Spots for Large US Emitters of Greenhouse Gases in 2010 By TENNILLE TRACY The US government Wednesday released a detailed listing of facilities that emitted the most greenhouse gases in 2010, ... See all stories on this topic » |
Euro Near 16-Month Low Before ECB Meeting, European Output Data BusinessWeek By Kristine Aquino and Candice Zachariahs Jan. 12 (Bloomberg) -- The euro was 0.4 percent from a 16- month low against the dollar on speculation European Central Bank policy makers meeting today won't take steps to support growth even as reports signal ... See all stories on this topic » |
Hedge-Fund Manager Gets Prison in Insider Case Wall Street Journal By CHAD BRAY NEW YORK—A Denver hedge-fund manager was sentenced to more than a year in prison for his role in an insider-trading case involving the passing of confidential tips from a director of oil-and-gas company Mariner Energy Inc. about an ... See all stories on this topic » |
Chevron Sees 4Q Earnings Well Below 3Q Wall Street Journal --Chevron's outlook highlights Big Oil isn't immune to shortfalls in the refining business and natural gas prices. --Chevron's view signs major oil companies' quarterly results should benefit from climbing oil prices. By Isabel Ordonez and Ben Lefebvre ... See all stories on this topic » |
Italy, Spain Offer 17 Billion Euros of Debt in First 2012 Sales BusinessWeek By Chiara Vasarri and Angeline Benoit Jan. 12 (Bloomberg) -- Italy and Spain will seek to sell as much as 17 billion euros ($21.5 billion) in debt today as Prime Minister Mario Monti urges investors to reward Italian austerity efforts. ... See all stories on this topic » |
US PC Shipments Shrank in 2011 for First Time in a Decade BusinessWeek By Aaron Ricadela Jan. 11 (Bloomberg) -- The US personal-computer market declined for the first time in a decade last year, hurt by sluggish consumer spending, supply shortages, and the popularity of smartphones and tablets. ... See all stories on this topic » |
BofA Reviews Ad Strategy Wall Street Journal By SUZANNE VRANICA And DANIEL FITZPATRICK Bank of America Corp. has placed its advertising account on review, people familiar with the situation said, as it tries to recover from several years of corporate crises and public-relations missteps. ... See all stories on this topic » |
Bonds gain as euro fears drive bid for safety Reuters By Ellen Freilich | NEW YORK (Reuters) - Treasuries advanced on Wednesday as concerns about Italy and upcoming debt auctions in the euro zone rekindled worries about the region, whetting investor appetite for safe-haven government debt. ... See all stories on this topic » |
Chrysler to Begin Natural-Gas Truck Sales to Fleets in 2012 BusinessWeek By Craig Trudell and Alan Ohnsman (Updates with global figures in seventh paragraph. For more Detroit auto show coverage, see SHOW .) Jan. 11 (Bloomberg) -- Chrysler Group LLC, the automaker controlled by Fiat SpA, plans to begin selling natural gas- ... See all stories on this topic » |
Archer Daniels Midland CEO: Company to cut 1000 jobs, eliminating mostly ... Washington Post DECATUR, Ill. — Agribusiness conglomerate Archer Daniels Midland Co. announced plans Wednesday to cut 1000 mostly salaried jobs as it navigates volatile global crops markets. The move will cut 15 percent of the Decatur-based company's corporate staff, ... See all stories on this topic » |
Goldman Sachs Trading Co-Heads Eisler, Heller to Leave Firm BusinessWeek By Stephanie Ruhle and Christine Harper Jan. 11 (Bloomberg) -- David B. Heller and Edward K. Eisler, two of the four co-heads of securities trading at Goldman Sachs Group Inc., are leaving the firm as it grapples with declining revenue from the ... See all stories on this topic » |
Federal Reserve's 'beige book' confirms improving US economy Los Angeles Times The Fed's report shows that the pace of economic activity around the country is picking up, with the exception of the housing market. By Don Lee, Los Angeles Times The Federal Reserve's latest report on the nation's regional economies showed that the ... See all stories on this topic » |
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US energy secretary: $600M nuclear research facility at MSU in question Detroit Free Press By Kathleen Gray The fate of a $600 million federally funded research project that would cement Michigan's reputation as a center for advanced technologies and atomic research came into question today as Steven Chu, US Department of Energy Secretary, ... See all stories on this topic » |
Twinkies maker Hostess seeks bankruptcy protection Wall Street Journal AP NEW YORK — The maker of Twinkies, Sno Balls and Wonder Bread is trying to lose the fat. Hostess Brands is hoping to cut its high costs as it heads back into bankruptcy protection for the second time in less than a decade. Hostess has enough cash to ... See all stories on this topic » |
Illinois Bond Spread Triples After Cut to Lowest-Rated State San Francisco Chronicle Jan. 11 (Bloomberg) -- Illinois's cost to borrow relative to top-rated issuers tripled from 2009 when it sold $800 million of bonds today, after its credit rating was cut by Moody's Investors Service to the lowest among US states. ... See all stories on this topic » |