11 Aug
Two earthquakes kill at least 180 in Iran
|
Original post by Reuters and software by Elliott Back Not What You Needed? Check Out These Related Sites... |
Breaking News- Wall St. dips after recent rally as Fed statement loomsBy Rodrigo Campos NEW YORK (Reuters) - Stocks dipped modestly at the open on Wednesday, but held on to most of their gains over the last two days, ahead of a highly anticipated Federal Reserve statement and news conference. The Fed will release a policy statement at 2:00 p.m. EDT, which will be followed soon after by a news briefing with Chairman Ben Bernanke. "The early morning action is not surprising given the fact that we've had two days of position jockeying ahead of the (Fed)announcement," said Andre Bakhos, director of market analytics at Lek Securities in New York. ...
- Swiss parliament rejects U.S. tax dealBERNE (Reuters) - The Swiss lower house of parliament dealt a final death blow on Wednesday to a draft law aimed at protecting the country's banks from criminal charges in the United States for helping wealthy Americans to evade tax. The Swiss government has warned that the bill's failure could prompt impatient U.S. prosecutors to indict banks, although it could still invoke an executive order to allow them to hand over data to try to avert charges. The bill was aimed at allowing banks to sidestep Swiss secrecy laws by disclosing their U.S. ...
- Orders top $100 billion as Ryanair gives Boeing a boostBy Alwyn Scott and Maria Sheahan PARIS (Reuters) - Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets. Ryanair, Europe's biggest low-cost airline, finalized an order for 175 Boeing 737-800 aircraft worth around $15.6 billion at list prices on day three of the aerospace industry's showcase event, the largest single order ever placed by a European airline with the U.S. group. ...
- BlackBerry shares fall as analyst downgrades stock ahead of earningsTORONTO (Reuters) - BlackBerry shares fell nearly 4 percent on Tuesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's quarterly earnings release next week. While Bernstein's Pierre Ferragu said he expected disappointing results from the smartphone maker, other analysts have bullish expectations, pointing to an even more volatile run for a generally volatile stock. ...
- Vodafone may trump Liberty with $10 billion cash bid for Kabel: sourcesFRANKFURT/LONDON (Reuters) - Vodafone is discussing a 7.6 billion euros ($10 billion) cash bid with Germany's No. 1 cable operator Kabel Deutschland and is confident its offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with its thinking said on Wednesday. Liberty Global , which owns Unity Media, Germany's No. 2 cable operator, made an 85-euro-a-share offer on Tuesday, two people familiar with the matter said, just days after sources said Vodafone had offered 81-82 euros a share or 7.2 billion euros in cash. ...
- Tesla recalls some Model S cars due to seat-mount defectBy Bernie Woodall (Reuters) - Electric car maker Tesla Motors Inc will recall 1,228 of its 2013 Model S cars manufactured between May 10 and June 8 due to a defect in the mounting bracket of the rear seat. The fix will cost Tesla about $150,000 during the second quarter, company spokeswoman Shanna Hendriks said. Tesla will inspect and reinforce the bracket in all the cars built during this time period. This is the first recall for the Model S, blemishing a clean public record for the electric sedan that received a rare, near-perfect score from influential Consumer Reports magazine. The U.S. ...
- FedEx posts higher-than expected profit, will cut more capacityBy Nivedita Bhattacharjee (Reuters) - FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight company said it was cutting more capacity between the United States and Asia. The company, considered an economic bellwether because of the massive volume of goods it moves around the world, is still trying to adjust to increasing demand for cheaper ground transport rather than pricier but faster air shipping. ...
- World Bank watching Fed, ready to respondBy Paul Ingrassia and Mike Peacock LONDON (Reuters) - The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday. The U.S. Federal Reserve has sparked a bout of financial market turmoil since its chief, Ben Bernanke, announced on May 22 that the Fed could, before the year is out, begin slowing the pace at which it creates dollars. ...
- Commerzbank to cut around 5,200 jobsFRANKFURT (Reuters) - Germany's second-largest lender Commerzbank said on Wednesday it will cut 5,200 jobs, about 12 percent of its 45,000 full-time staff, adding to job-shedding by banks across Europe. Banks including Lloyds , state-owned Dutch bank ABN AMRO and HSBC have been cutting jobs this year as tougher regulation after the global financial crisis and weak investment returns squeeze profit margins. ...
- Dolce and Gabbana sentenced to jail for tax evasionBy Manuela D'Alessandro MILAN (Reuters) - Fashion design duo Domenico Dolce and Stefano Gabbana were on Wednesday handed a suspended prison sentence of one year and eight months for hiding hundreds of millions of euros from the tax authorities. The designers, who are nearly as famous as the stars they dress, were not present in court in Milan and have denied the charges. Given the complexity and length of the appeals process, they are unlikely to spend any time in jail. Public prosecutor Gaetano Ruta had asked for two and a half years. The judge gave them a suspended sentence. ...
- Wall St. dips after recent rally as Fed statement looms
