15 Aug
Obama blasts ‘dishonest’ Romney-Ryan Medicare attacks
|
Original post by Yahoo! News - Latest News & Headlines and software by Elliott Back Not What You Needed? Check Out These Related Sites... |
Breaking News- Bernanke suggests Fed not ready to pull back on stimulusBy Pedro da Costa and Alister Bull WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday. In testimony that offered little sign he is ready to retreat from the Fed's latest round of bond buying, Bernanke emphasized the high costs of unemployment and inflation that continues to run below the Fed's target. ...
- Home sales close in on three-and-a-half year highBy Lucia Mutikani WASHINGTON (Reuters) - Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington. The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent to an annual rate of 4.97 million units, the highest level since November 2009. The data underscored the housing market's improving fortunes as it starts to regain its lost glory. Resales were 9.7 percent higher than the same period last year. ...
- Wall Street extends losses after Fed minutesNEW YORK (Reuters) - Stocks fell in choppy trading Wednesday, with the Dow briefly falling more than 1 percent, following remarks by Federal Reserve Chairman Ben Bernanke which suggested the central bank was not ready to pull back on its economic stimulus efforts but may act if the economy continues to improve. The Dow Jones industrial average was down 31.41 points, or 0.20 percent, at 15,356.17. The Standard & Poor's 500 Index was down 9.47 points, or 0.57 percent, at 1,659.69. The Nasdaq Composite Index was down 31.79 points, or 0.91 percent, at 3,470.33. ...
- Clearwire recommends approval of sweetened Sprint bidNEW YORK (Reuters) - Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp's sweetened offer to take over the company and advised shareholders to vote for the deal. Wireless service provider Clearwire announced its decision on Wednesday, one day after Sprint raised its offer for the almost 50 percent of the company it does not already own to $3.40 per share from $2.97. After the Clearwire statement, its shares fell 1 percent in morning trade on Nasdaq to $3.355, below the offer price. ...
- Europe closes in on tax havens; Austria agrees to swap bank dataBy John O'Donnell BRUSSELS (Reuters) - Europe moved closer to ending banking secrecy on Wednesday after Austria dropped objections to sharing data on foreign depositors and the EU focused on negotiating a similar agreement with Switzerland. "It's a bad day for tax cheats," Austrian Chancellor Werner Faymann told reporters at a meeting of EU leaders to discuss fighting tax fraud. "We will act jointly and I believe we will manage the exchange of data by the end of the year. ...
- Dish uses national security ads to fight SoftBank dealBy Liana B. Baker (Reuters) - Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer. The campaign, which so far appears on the Internet and in Washington-area newspapers, is Dish's most public lobbying effort yet against Japan-based SoftBank Corp. Dish has been pushing the national security angle hard in Washington. ...
- Delta will wait for new planes to prove themselves: CEOBy Karen Jacobs (Reuters) - U.S. carrier Delta Air Lines will watch the wave of orders for the latest Airbus and Boeing planes roll on by and wait for the jets to prove themselves before ordering any, its chief executive told Reuters on Wednesday. The two airplane makers have orders for more than 3,000 of their narrow-bodied models, the Boeing 737 MAX and the Airbus A320neo, which boast fuel savings of about 15 percent. The new models are to be in service from the second half of the decade. ...
- Fed officials want more progress before bond tapering: minutesWASHINGTON (Reuters) - Many Federal Reserve officials earlier this month wanted to see more evidence that the economy was recovering before shifting toward a tapering of their bond purchase program, the Fed said on Wednesday. "Most observed that the outlook for the labor market had shown progress since the program was started in September," according to minutes of the Fed's April 30-May 1 meeting. ...
- Vatican financial body investigating possible money launderingBy Philip Pullella VATICAN CITY (Reuters) - The Vatican's new financial watchdog said on Wednesday it had detected six possible attempts to use the Holy See to launder money last year, citing this as proof of its commitment to transparency. The head of the Vatican's Financial Intelligence Authority (FIA), presenting its first annual report, also said it would soon have stronger supervisory powers over the Vatican's scandal-plagued bank, the Institute for Works of Religion (IOR), dubbed the world's most secretive bank by Forbes magazine. ...
- Boeing expects 787 battery retrofits done by next weekWASHINGTON (Reuters) - Boeing Co is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company's commercial airplane division, told an investor conference on Wednesday. Conner told the conference he saw "great momentum" on the 787 program, after overheated batteries prompted a fleetwide grounding earlier this year. Production of the new airliner had reached seven airplanes a month and was on track to reach the projected level of 10 per month by the end of the year, Conner said. ...
- Bernanke suggests Fed not ready to pull back on stimulus
