Search Results for: Fed
Australia 200 – Taking a Breather Around 5620
August 29th, 2014
Australia 200 for Friday, August 29, 2014 The Australian 200 Index has finally been able to surge higher to a new six year high around 5650 late last week before easing off to finish out the week. However since ...
Gold Up to $1290 on Ukraine Concerns
August 29th, 2014
Gold settled higher on Thursday as tensions over Ukraine increased and equity markets retreated, but analysts said the rebound could be short-lived due to strong U.S. economic growth and prospects of a U.S. interest rate hike. NATO said on ...
Bank of America seeks to void verdict in $1.27 billion ‘Hustle’ case
August 29th, 2014
Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty. Bank of America ...
Is Russia connected to JPMorgan hacking?
August 29th, 2014
Security experts say the sophistication of the attacks suggest they were state sponsored. Federal investigators are trying to determine if state-sponsored Russian hackers were behind the coordinated cyber attacks that looted data from JPMorgan Chase and other banks this ...
Bringing It Back Home
August 28th, 2014
An increasing number of American companies are making plans to shift their headquarters to Europe. These so-called “inversions” would reduce these companies’ total tax bill by allowing them to escape from the United States’ uniquely unfavorable corporate tax rules. ...
Strong Demand for Australian Bonds
August 28th, 2014
The strongest demand at Australian bond auctions in a decade reflects yields in a sweet spot: more stable than those in the U.S. and higher than those in Europe. Reserve Bank of Australia Governor Glenn Stevens has said he ...
Apple loses bid to block sales of 9 Samsung phones
August 28th, 2014
A federal judge has rejected Apple’s attempt to block the sale of several older Samsung smartphones that copied features in the iPhone. Wednesday’s rebuff comes nearly four months after a jury awarded Apple Inc. $119 million in damages for ...
SEC Shelves Plan for Private Asset-Backed Bond Disclosure
August 28th, 2014
The U.S. Securities and Exchange Commission, while expanding disclosure requirements for one set of asset-backed securities, has stepped back from a plan to shed more light on a major part of the market. The five SEC commissioners unanimously approved ...
PwC must face $1 billion lawsuit over MF Global advice
August 28th, 2014
A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion (603 million pounds)lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by ...
Gold Up Again to $1285 on Softer U.S. Dollar
August 28th, 2014
Gold rose for the third straight day on Thursday on softening dollar and increased tensions between Ukraine and Russia, but the precious metal was under pressure from rallies in equities and the prospect of a U.S. interest rate hike. ...
