Articles by Staff Reporter

151-180 (out of 188)

After pulling billions, former Pimco investors may not be better off

When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo & Co. and Charles Schwab Corp pulled over $61 billion from the Newport Beach, California-based money manager. Where the money landed may be no better than where it left.

Dec 04, 2014 3:52 PM EST


Exclusive: Takata investigated defective air bag inflator as early as 2003

As early as 2003, Takata Corp (7312.T) ran an investigation into an air bag inflator that ruptured in a BMW (BMWG.DE) vehicle, but concluded the problem was an anomaly, the company said on Tuesday, ahead of a second U.S. congressional hearing on dangerous air bags it supplied.

Dec 03, 2014 10:13 AM EST


No need for irrational fears of student loans

The next generation of college students has heard the message loud and clear about the perils of taking on too much student loan debt - so much so that many are unwilling to go into debt at all in order to attend college.

Dec 03, 2014 10:11 AM EST


U.S. private payrolls rise in November; third-quarter compensation revised down

U.S. private employers added jobs at a fairly brisk clip in November, suggesting a slowing global economy is having a limited impact on domestic activity

Dec 03, 2014 10:09 AM EST


U.S. mortgage applications fall in latest week: MBA

Applications for U.S. home mortgages fell last week as refinancing applications dropped, an industry group said on Wednesday.

Dec 03, 2014 10:07 AM EST


BNY Mellon gives activist investor Trian Fund a board seat

Bank of New York Mellon (BK.N) said it elected Ed Garden, a founding partner of activist investor Trian Fund Management LP, to its board.

Dec 02, 2014 11:54 AM EST


Oil falls below $72 after sharp rally in volatile market

Brent oil fell below $72 a barrel on Tuesday, giving up some of its gains in the previous day's rally from five-year lows, as traders voiced uncertainty over whether the market had reached a floor or would keep falling.

Dec 02, 2014 11:49 AM EST


Wall St. rises; energy leads despite oil weakness

U.S. stocks rose on Tuesday as a pair of big M&A deals boosted market optimism and helped the market rebound from the broad decline in the previous session, which was the S&P 500's weakest day in a month.

Dec 02, 2014 11:45 AM EST


U.S. construction spending posts biggest gain in five months

U.S. construction spending rose more than expected in October as both private and public outlays increased, which could ease concerns of a sharp slowdown in fourth-quarter economic growth.

Dec 02, 2014 11:41 AM EST


U.S. retailers warn of Chinese giant Alibaba's impact in U.S.

Several of the largest U.S. retailers warned that Alibaba Group Holding Inc may "decimate" local companies unless Congress closes tax loopholes for online retailers, singling out the Chinese company before it has even established a major American consumer presence.

Dec 01, 2014 2:28 PM EST


Fed rate hikes to depend on markets, not just economy: Dudley

The Federal Reserve will not just tighten policy based on how the U.S. economy is faring, but on how well financial markets respond to the eventual interest-rate hikes, an influential Fed official said on Monday.

Dec 01, 2014 2:25 PM EST


Apple tumbles as much as 6 percent in unusual trading

Apple Inc (AAPL.O) shares tumbled shortly after the start of trading on Monday, briefly suffering their largest price drop in at least three months on an unusual spike in volume.

Dec 01, 2014 2:23 PM EST


Wall Street falls on weak global data; Apple stumbles

U.S. stocks fell in a broad selloff on Monday, with the S&P 500 suffering its biggest one-day drop in more than a month, as economic data indicated weakness across the globe and the U.S. holiday shopping season got off to a tepid start.

Dec 01, 2014 2:16 PM EST


U.S. manufacturing cools, but underlying momentum remains

U.S. factory activity moderated in November, but sustained gains in new orders and a rebound in exports suggested the economy remained on a firmer footing despite slowing global growth.

Dec 01, 2014 1:28 PM EST


Standard Chartered hit with first S&P downgrade in 20 years

Ratings agency Standard & Poor's (S&P) cut its credit rating on Standard Chartered (STAN.L) for the first time in 20 years on Friday, citing the "tough period" the Asia-focused bank was going through and its weaker credit-worthiness.

Nov 28, 2014 11:27 AM EST


Billions wiped off energy shares as investors rush for exit

A fresh slide in the price of crude wiped tens of billions of dollars off oil companies' market value on Friday and signaled an end to the sector's safe-haven status, as fears mounted over future profits and dividend payouts.

Nov 28, 2014 11:25 AM EST


S&P 500 down on oil rout, but on track for six-week rally

U.S. stocks were little changed on Friday, with major indexes on track for a sixth straight weekly advance in a holiday-shortened session, though energy shares saw heavy pressure as crude oil tumbled to a four-year low.

Nov 28, 2014 11:23 AM EST


Japan inflation slows in October, highlights challenge facing Abe

Japan's annual core consumer inflation slowed for a third straight month in October due to falling oil prices, highlighting the economic gloom facing Premier Shinzo Abe as he campaigns for a new mandate to implement his stalled recovery plan.

Nov 28, 2014 11:22 AM EST


Speculators increase bets that Brent crude will fall to $65 in first quarter

The main bet that oil speculators are making for the first few months of next year is that a barrel of Brent crude will fall to $65, according to options market data.

Nov 28, 2014 11:19 AM EST


Deere says equipment sales to fall further as farm incomes drop

Deere & Co (DE.N) said it expected equipment sales to fall further as lower grain prices discourage farmers from buying tractors, harvesters and other machinery.

Nov 26, 2014 10:18 AM EST


U.S. new home sales rise in October, but September revised down

Sales of new U.S. single-family homes rose for a third straight month in October, but a downward revision to the prior month's sales pace indicated the housing market recovery would remain gradual.

Nov 26, 2014 10:15 AM EST


U.S. consumer sentiment climbs in November

U.S. consumer sentiment rose in November to its highest level in more than seven years on improvements in the current economic condition, including lower gas prices and improving job prospects, a survey released on Wednesday showed.

Nov 26, 2014 10:13 AM EST


Goldman, BASF, HSBC accused of metals price fixing: U.S. lawsuit

Goldman Sachs Group Inc (GS.N), Germany's BASF SE (BASFn.DE) and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff's law firm called the first nationwide class action over alleged price-fixing of the metals.

Nov 26, 2014 10:11 AM EST


Thanksgiving lessons on index funds

Every industry has its loss leaders, and the investment world is no different. The theory is that you will go to the store for the $12 turkey and stick around to buy dressing, cranberries, juice, pies and two kinds of potatoes. Mmmm, but I digress.

Nov 26, 2014 10:08 AM EST


Bank of Japan's Kuroda resolute in fight against deflation, says ready to ease more

Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the bank's readiness to expand stimulus further to meet its price goal, a message that was partially echoed by an European Central Bank policymaker as the euro zone economy battles to lift off.

Nov 25, 2014 11:35 AM EST


China won't consider more rate cuts or easing until fourth quarter data out: official

China's central bank will wait until fourth-quarter economic data is out and monitor U.S. and Japanese monetary policy before considering any more rate cuts or easing, a central bank adviser said on Tuesday

Nov 25, 2014 11:34 AM EST


Yen gains after BOJ minutes; dollar retreats

The yen rose on Tuesday after Bank of Japan minutes showed the hurdle to further quantitative easing was high, while the dollar slipped as data showing a deterioration in consumer confidence overshadowed a surprise upgrade in third-quarter U.S. growth.

Nov 25, 2014 11:32 AM EST


Wall Street dips on consumer data, indexes near records

U.S. stocks edged lower on Tuesday, with major indexes retreating slightly from record levels after a reading of consumer confidence unexpectedly fell to its weakest level since June.

Nov 25, 2014 11:29 AM EST


Behind Black Friday's giant, cheap TV deals

You might need two carts to walk away with what may be this year's biggest Black Friday bargain (at least by size): a 65" Vizio television at Walmart for $648.

Nov 25, 2014 11:27 AM EST


United Tech CEO steps down, replaced by CFO in abrupt change

United Technologies Corp (UTX.N) Chief Executive Officer Louis Chenevert has retired immediately and is being replaced by the company's finance chief, the diversified U.S. manufacturer said on Monday, an abrupt change that caught Wall Street off guard.

Nov 24, 2014 11:43 AM EST


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