U.S. Economy » 2012 » April

April 2012
M	T	W	T	F	S	S
« Mar		May »
	1
2	3	4	5	6	7	8
9	10	11	12	13	14	15
16	17	18	19	20	21	22
23	24	25	26	27	28	29
30

Asian shares slide as upcoming Fed meeting jangles nerves

By Chikako Mogi TOKYO (Reuters) - Asian shares slid on Tuesday as investors waited on tenterhooks for news of the U.S. Federal Open Market Committee's plans for its stimulus program - with the mere suggestion of fine-tuning it enough to unnerve investors. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent, dragged down by a 0.9 percent decline in Australian shares which faced selling in high-yielding stocks. The pan-Asian index, which plumbed its lowest since September on Thursday, was weighed down by a 1 percent drop each in its materials and energy sectors. ...

Obama says Bernanke has 'stayed a lot longer' than he wanted at Fed

By Steve Holland WASHINGTON (Reuters) - President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than he had originally planned. Obama, speaking to Charlie Rose, host of a PBS interview program, compared Bernanke to longtime FBI Director Robert Mueller, who agreed to stay two years longer than he had planned and is to leave in the coming months. "Well, I think Ben Bernanke's done an outstanding job. ...

China May home prices rise at fastest pace this year

By Xiaoyi Shao and Jonathan Standing BEIJING (Reuters) - China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the economy against holding down housing inflation. Average new home prices in 70 major Chinese cities in May rose 6 percent from a year earlier, after a two-year high of 4.9 percent in April, according to Reuters calculations from data released by the National Bureau of Statistics (NBS) on Tuesday. ...

Japan says G8 stance is sign of approval for 'Abenomics'

By Stanley White TOKYO (Reuters) - Japanese cabinet ministers welcomed the Group of Eight summit's stance on Tokyo's sweeping stimulus policies as a vote of confidence in the government's strategy to end 15 years of entrenched deflation and revive a lackluster economy. Japan's economics minister also moved to parry any suggestion that Prime Minister Shinzo Abe's policies, known as "Abenomics", are aimed at intentionally weakening the yen to benefit the country's exports. ...

Sprint sues Dish, Clearwire as key deadline looms

By Jonathan Stempel and Sruthi Ramakrishnan (Reuters) - Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp. The lawsuit filed on Monday in Delaware Chancery Court accuses Dish of trying to "fool" and "coerce" Clearwire shareholders into tendering their shares, and rejecting Sprint's competing effort to buy the 49.8 percent it did not already own of the wireless broadband provider. ...

Third Point raises Sony stake, presses for entertainment spin-off

TOKYO (Reuters) - New York-based hedge fund company Third Point said it had raised its stake in Japan's Sony Corp and asked for an opportunity to present its proposal to Sony's board for a partial spin-off of the company's entertainment unit. The move comes after Third Point, a $13 billion hedge fund founded by billionaire investor Daniel Loeb, last month proposed that the struggling electronics maker conduct an initial public offering for its profitable music and movie business, saying it could boost Sony's share price by as much as 60 percent. ...

British prosecutor to charge central Libor suspect: source

By Kirstin Ridley June 17 - Britain's top fraud prosecutor is poised to bring criminal charges against former Citigroup Inc and UBS AG trader Thomas Hayes, who is alleged to have been a central figure in a scam to rig global benchmark interest rates, a source familiar with the situation said on Monday. Britain's Serious Fraud Office was expected as soon as Tuesday to charge Hayes, following the London interbank offered rate rigging scandal, which has rocked the financial industry from the United States to Japan, the source said. ...

EU, U.S. leaders launch free-trade talks

By William Schomberg and Roberta Rampton ENNISKILLEN (Reuters) - The United States and European Union launched negotiations on one of the world's most ambitious free-trade agreements on Monday, promising thousands of jobs and speedier growth on both sides of the Atlantic. Such a plan was first considered three decades ago but knocked down by France in the 1990s. Europe has now managed to get Paris onside, opening the way to a deal that could boost the EU and U.S. economies by more than $100 billion a year each. ...

Flush with orders, aerospace industry retools for future

By Alwyn Scott PARIS (Reuters) - As airplane makers gathered outside Paris to show off their newest high-tech jetliners on Monday, a less-heralded technology story was unfolding back home on the factory floors of the world's leading aerospace firms. The planned introduction of at least half a dozen new plane designs that push the boundaries of flight performance has given the industry its biggest opportunity in a decade or more to automate factories, add new techniques and reduce costs. ...

JCI looks to private equity to sell auto electronics unit: sources

By Soyoung Kim and Deepa Seetharaman NEW YORK/DETROIT (Reuters) - Johnson Controls Inc is speaking to private equity firms about selling its roughly $1 billion automotive electronics unit, after buyout interest from many rival auto parts suppliers faltered, according to several people familiar with the matter. The unit's performance was weaker than industry bidders had expected, disappointing some interested parties and prompting Johnson Controls to reach out to a broader group of buyers, the people said. ...

Archive for April 4th, 2012

04 Apr

Gas mileage top factor in Ram pickup revamp

With gasoline around $4 in much of the nation, fuel economy has never been more important to pickup truck buyers. That’s why engineers who worked on revamping Chrysler’s Ram put it at the forefront of their work.
Original post by Associated Press and software by Elliott Back

Posted in Uncategorized by:
No Comments

We Support Wounded Warriors

Get Google Search Results Here

Recent Posts

Blogroll

Meta

Breaking News

Archive for April 4th, 2012

Gas mileage top factor in Ram pickup revamp