Daily News Alert | Sunday, August 29, 2010 12:00 AM PDT |
Investors embark on treacherous month
Sat, 28 Aug 2010 06:22 am PDT
Reuters - Beaten-up investors go into September, historically a weak month for stocks, facing key reports on jobs, manufacturing and services. If those disappoint, the S&P 500 could breach technical support levels, pushing stocks yet lower. Full Story | Top |
EU prods China for faster yuan rise: G20 draft
Sat, 28 Aug 2010 01:13 pm PDT
 Reuters - This story does not carry a dateline to protect the identity and location of a source. (Reuters) - The European Union thinks China has made only limited progress in allowing its yuan currency to move more rapidly, and swifter action would help safeguard a fragile economic recovery, according to a draft G20 document obtained by Reuters on Saturday. Full Story | Top |
Fiscal "alchemy" must mimic monetary science
Sat, 28 Aug 2010 08:19 am PDT
Reuters - Tax and budget policies need the same regularity and independence as monetary policy if countries around the world are to cope with looming stresses from pension programs, world central bankers were told at a Federal Reserve conference on Saturday. Full Story | Top |
China tells Japan wage demands "understandable"
Sat, 28 Aug 2010 10:17 am PDT
Reuters - China says it is understandable for its workers to demand higher wages after foregoing pay increases during the worst of the economic crisis, a Japanese official said after talks with Chinese counterparts. Full Story | Top |
Cheaper Reverse Mortgages May Be Coming
Fri, 27 Aug 2010 11:05 am PDT
U.S. News & World Report - The Federal Housing Administration (FHA) is developing a new reverse mortgage product that sharply cuts up-front payments by home owners but also significantly reduces the percentage of a home's equity that can be paid to owners under the program. Reverse mortgages insured by the government are available on homes where the youngest owner is at least 62 years old. The program is called a Home Equity Conversion Mortgage (HECM). Full Story | Top |
Zara takes the plunge into crowded online market
Sat, 28 Aug 2010 08:19 pm PDT
 AFP - Europe's largest clothing retailer, Spain's Inditex, is taking its flagship Zara brand online, but it can expect stiff competition from other giants of high-street fashion already well-established in cyberspace. Full Story | Top |
Democrats claim conservative group tax violation
Fri, 27 Aug 2010 03:54 pm PDT
AP - The Democratic Party has filed a complaint with the Internal Revenue Service complaining that a conservative foundation spending millions of dollars on ads in election battleground states is violating its status as a tax-exempt organization. Full Story | Top |
August auto sales sluggish
Fri, 27 Aug 2010 08:19 pm PDT
Reuters - The U.S. auto industry felt like it dodged a bullet in July when retail sales to consumers held up and confounded forecasts for a drop, but then August came and that sense of relief went out the window. Full Story | Top |
Pockets of Profit in Health-Care Stocks
Fri, 27 Aug 2010 05:08 am PDT
BusinessWeek - Health care has historically been a defensive sector of the stock market. It continues to underperform in an environment in which many would have predicted it would do better. This is because there's a lack of leadership in the household names: Merck (NYSE:MRK - News), Pfizer (NYSE:PFE - News), Johnson & Johnson (NYSE:JNJ - News), Medtronic (NYSE:MDT - News). In the next 6 to 12 months, none of these companies will be in the early phases of -- or about to engage in -- important new product cycles. Full Story | Top |
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