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Asian Markets Perk Up as U.S. Nears Possible Debt Deal

Time Magazine Latest Money News - Fri, 10/11/2013 - 2:53am
Markets rallied across Asia on Friday following talks in Washington that hinted that Republican and Democrat lawmakers might be inching closer to a possible deal that would avert a self-inflicted global economic crisis. According to a report in the AP, Japan’s Nikkei 225 stock average was up 1.6%, while Hong Kong’s Hang Seng climbed by 1.3% and China’s Shanghai Composite Index rose 1.2%. (MORE: After Meeting, Obama and Republicans to Continue Talks) While congressman talked of positive steps made during their Thursday meeting with President Barack Obama, the U.S. government has less than a week to overcome its budgetary impasse and extend the federal debt ceiling to prevent a default on the country’s sovereign borrowings. [AP]
Categories: Financial News

Stock futures bask in talk of debt-deal progress

USA Today Money News Feed - Fri, 10/11/2013 - 2:27am
Investors take hope from perceptions that debt talks are moving in the correct direction.
Categories: Financial News

JPMorgan posts loss on $9.2 billion in charges

USA Today Money News Feed - Fri, 10/11/2013 - 2:22am
JPMorgan reports $380 million loss
Categories: Financial News

Shutdown hurts commerce, product safety

USA Today Money News Feed - Fri, 10/11/2013 - 2:02am
New government report describes how reduced services affect businesses and consumers.
Categories: Financial News

Strategies: 9 things to do now for holiday success

USA Today Money News Feed - Fri, 10/11/2013 - 2:00am
If your business hasn't started planning for gift-giving season, you're already behind, columnist Rhonda Abrams says.
Categories: Financial News

Campos Family to Buy U.S. Del Monte Canned-Food Unit

Wall Street Journal Online - Fri, 10/11/2013 - 1:25am
Philippines-based Del Monte Pacific, majority-owned by the country's wealthy Campos family, will acquire the canned-food business of U.S. Del Monte Foods in a $1.68 billion deal.
Categories: Financial News

Retirement Page_Wiles 401k fees column

USA Today Money News Feed - Fri, 10/11/2013 - 12:52am
New disclosure rules and lawsuit risks are forcing companies to offer better 401(k) plans, but progress is spotty.
Categories: Financial News

Global panel seeks economic solutions to climate change

USA Today Money News Feed - Fri, 10/11/2013 - 12:24am
New global commission will assess the costs and savings of fighting climate change.
Categories: Financial News

Cadillac's plug-in ELR priced higher than Tesla

USA Today Money News Feed - Fri, 10/11/2013 - 12:16am
It will cost twice as much as a Chevrolet Volt which uses the same technology
Categories: Financial News

Toyota recalls 10,000 cars for wiper issue

USA Today Money News Feed - Fri, 10/11/2013 - 12:01am
A short circuit can lead to risk of a crash
Categories: Financial News

Facebook investors miss out on stock recovery

USA Today Money News Feed - Thu, 10/10/2013 - 11:36pm
Shares have soared 31% from the $38-a-share initial public offering price on May 17, 2012.
Categories: Financial News

Chinese Builder Charges Into Brooklyn

Wall Street Journal Online - Thu, 10/10/2013 - 11:08pm
State-owned property developer Greenland Holdings Group of China agreed to buy a majority stake in a high-profile 15-tower apartment project in Brooklyn, N.Y.
Categories: Financial News

In Auction World, a Test of Strategies

Wall Street Journal Online - Thu, 10/10/2013 - 10:30pm
Christie's is branching out to attract less wealthy customers, while Sotheby's has targeted millionaires.
Categories: Financial News

Edward Snowden sets privacy time bomb ticking

USA Today Money News Feed - Thu, 10/10/2013 - 9:59pm
Sen. Markey now calls for FTC probe on cross-device tracking
Categories: Financial News

Asian Shares Sharply Higher

Wall Street Journal Online - Thu, 10/10/2013 - 9:55pm
Asian stocks rose sharply on Friday, as signs of progress in the U.S. budget stalemate provided relief to markets. The S&P/ASX 200 rose 1.7%.
Categories: Financial News

U.S. Treasury sells $570 million more of GM stock

USA Today Money News Feed - Thu, 10/10/2013 - 9:50pm
Government plans to sell its last GM shares by April 2014.
Categories: Financial News

Del Monte sells foods business to focus on pets

USA Today Money News Feed - Thu, 10/10/2013 - 9:08pm
Del Monte Pacific in Asia will pay $1.68B for Del Monte Foods' consumer products unit.
Categories: Financial News

J.P. Morgan, U.S. Far Apart on Mortgage Pact

Wall Street Journal Online - Thu, 10/10/2013 - 7:27pm
J.P. Morgan Chase and the Justice Department are still far apart on a potential multibillion-dollar pact that would resolve several probes into the bank's sales of mortgage bonds and settle potential criminal and civil charges.
Categories: Financial News

Bangladeshi Garment Exports Surge Despite Accidents

Wall Street Journal Online - Thu, 10/10/2013 - 7:07pm
Clothing exports from Bangladesh soared over the summer because global retailers expanded orders despite a string of deadly industrial accidents and concerns over the rights of workers at the country's garment factories.
Categories: Financial News

U.S. Rethinks How to Release Sensitive Economic Data

Wall Street Journal Online - Thu, 10/10/2013 - 7:05pm
Federal officials are discussing changes to how the government releases sensitive economic data, seeking to bring the system in line with fast-moving financial markets.
Categories: Financial News


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