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Updated: 27 min 56 sec ago

Credit Suisse Deal Seen Paving Way for Other Swiss Banks - Businessweek

Wed, 05/21/2014 - 2:11am

Credit Suisse Deal Seen Paving Way for Other Swiss Banks
Businessweek
Credit Suisse Group AG (CSGN)'s $2.6 billion in penalties for helping Americans dodge taxes clears the way for other Swiss banks to resolve their own quarrels with the U.S., ending years of deadlock and uncertainty. The settlement provides “breathing ...

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Retail stocks lead selloff on Wall St. after earnings - Reuters India

Wed, 05/21/2014 - 1:42am

WCTI12.com

Retail stocks lead selloff on Wall St. after earnings
Reuters India
NEW YORK (Reuters) - U.S. stocks fell in a broad selloff on Tuesday, with major indexes hitting session lows in afternoon trading, led by losses in the retail sector after disappointing results from Staples and TJX Companies. All 10 primary S&P 500 sector ...
Wall St falls as retailers, Caterpillar weighsNew Straits Times
Overnight Markets: Wall Street declines on retail earningsCitywire Global
New York Report: Retailers lead a broad drop on Wall StreetCITY A.M.

all 79 news articles »

Apple dethroned by Google as world's most valuable brand - CNET

Wed, 05/21/2014 - 1:20am

ABC News

Apple dethroned by Google as world's most valuable brand
CNET
Apple's brand value fell by 20 percent, according to a survey by Millward Brown research company. by Chris Matyszczyk · @ChrisMatyszczyk; May 20, 2014 9:53 PM PDT. comments. 0. facebook. twitter. linkedin. googleplus. more. more +. email. tumblr.
What You Don't Know About the Most Valuable Brands in the WorldABC News
Google knocks Apple off the perch as world's top brandThe Australian
Toyota remains most valuable car brand worldwide, study saysAutomotive News
Sydney Morning Herald
all 78 news articles »

Credit Suisse Guilty Plea has Little Immediate Impact as Shares Rise - NDTV

Tue, 05/20/2014 - 11:13pm

Business Recorder

Credit Suisse Guilty Plea has Little Immediate Impact as Shares Rise
NDTV
Washington/New York/Zurich: Credit Suisse saw little immediate impact on Tuesday after it became the largest bank in decades to plead guilty to a US criminal charge and will pay more than $2.5 billion in penalties for helping Americans evade taxes.
BriefcasePress Herald
Swiss Bank to pay $2.6 bn for helping rich Americans evade taxesFree Press Journal
Credit Suisse case called warning to foreign banksHouston Chronicle
Oman Tribune -CITY A.M. -Malaysia Sun
all 30 news articles »

Japan's trade deficit narrows on slower imports - Imperial Valley Press

Tue, 05/20/2014 - 11:05pm

Economic Times

Japan's trade deficit narrows on slower imports
Imperial Valley Press
TOKYO (AP) — Japan's trade deficit narrowed in April after the yen strengthened and a sales tax hike dampened demand for imports of consumer goods. A moderation in April in costs for imports of oil and gas that account for about a third of the country's ...
Japan export growth remains tepid, dims outlookBusiness Standard
Japan's Trade Gap NarrowsWall Street Journal

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Are there any GM cars that haven't been recalled? - USA TODAY

Tue, 05/20/2014 - 8:31pm

SFGate

Are there any GM cars that haven't been recalled?
USA TODAY
The rapid pace of General Motors recalls is intentional, as the company delves into its records to find and purge lurking safety issues. But it's unsettling, leaving an impression GM produces unsafe vehicles and, in some cases, makes dumb mistakes. It recalled ...
GM issues 4 more recalls, affecting 2.42 million vehiclesLos Angeles Times
GM to Recall Another 2.4 Million VehiclesWall Street Journal
Parade of GM recalls rolls on; 2.4M more vehiclesChron.com
Lansing State Journal -KOAA.com Colorado Springs and Pueblo News -CBS News
all 428 news articles »

Health Site Under Fire, Nevada Alters Path - New York Times

Tue, 05/20/2014 - 8:01pm

KTNV

Health Site Under Fire, Nevada Alters Path
New York Times
WASHINGTON — The board of Nevada's problem-plagued online health insurance exchange voted Tuesday to end its contract with the vendor in charge of building it and to rely on the federal enrollment system for at least a year. The board voted ...
Nevada Scraps Xerox for Health SiteWall Street Journal
Nevada ousts Xerox over problems with health exchangeKTNV
Nev. closing health exchangeInvestor's Business Daily
The Wire -CNBC.com -KVVU Las Vegas
all 43 news articles »Google News

Friday's, Red Lobster: Casual dining for sale - USA TODAY

Tue, 05/20/2014 - 6:07pm

Philly.com

Friday's, Red Lobster: Casual dining for sale
USA TODAY
GTY 148291859 A POL ELE ELN LIF HUM USA NC TGI Fridays, whose upbeat name, decor and attitude helped link casual dining with family fun, was sold to a pair of private equity firms Tuesday for an undisclosed sum. The move follows last week's sale by ...
Battle Over Darden Leaves Little Room for CompromiseNew York Times
Schorsch is key player in Red Lobster dealPhilly.com
Why Red Lobster Is a Great Catch for This InvestorMotley Fool
FIS
all 63 news articles »

Dow Drops 150 Points And Tanking Retailers Lead S&P's Charge Into The Red - Forbes

Tue, 05/20/2014 - 5:39pm

Forbes

Dow Drops 150 Points And Tanking Retailers Lead S&P's Charge Into The Red
Forbes
New Fed comments about a rate hike paired with worse than expected earnings from retailers like Staples Staples and Urban Outfitters have combined to make investors very, very skittish in Tuesday afternoon trading: All three major indices plus the Russell ...
US STOCKS SNAPSHOT-Wall St ends lower in broad selloff; retail stocks weighReuters
How the Dow Jones industrial average fared TuesdayGlens Falls Post-Star
Retailers lead US stocks lower, DJIA at three-week lowThe Australian

all 131 news articles »

SEC Suspends Former Deloitte Chief Risk Officer from Audit Work - Wall Street Journal

Tue, 05/20/2014 - 5:34pm

SEC Suspends Former Deloitte Chief Risk Officer from Audit Work
Wall Street Journal
The Securities and Exchange Commission suspended a former Deloitte LLP chief risk officer from auditing public companies for at least two years, alleging he violated auditor-independence rules by borrowing from a casino gaming company that was a ...

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Salesforce Revenue Forecast Tops Analyst Predictions on Orders - Businessweek

Tue, 05/20/2014 - 5:20pm

CNBC.com

Salesforce Revenue Forecast Tops Analyst Predictions on Orders
Businessweek
Salesforce.com Inc. (CRM:US), the biggest maker of customer-management software, forecast second-quarter sales that exceeded analysts' predictions as the company's Web-based products continue to lure new users. Revenue in the quarter ending in July ...
Salesforce.com Stock Climbs In After Hours On Small Q1 Revenue, Earnings BeatsForbes
Salesforce.com revenue beats estimatesReuters
Salesforce.com loss widens but outlook lifts stockMarketWatch
TheStreet.com -NASDAQ
all 36 news articles »

What's at Stake in Russian Billionaire Dmitry Rybolovlev's Divorce - ABC News

Tue, 05/20/2014 - 5:14pm

ABC News

What's at Stake in Russian Billionaire Dmitry Rybolovlev's Divorce
ABC News
A Russian billionaire is separating from his wife -- and $4.5 billion of his assets. Among Dmitry Rybolovlev's holdings, through various ownership structures, are reportedly a $95 million Palm Beach mansion (which once belonged to Donald Trump), an $88 ...
Russian Oligarch Rybolovlev Faces Most Expensive Divorce in HistoryNBCNews.com
Ex-wife gets S$5.6b in world's most expensive divorceTODAYonline
World's 'most expensive divorce' set to halve oligarch's fortuneCNN
Wall Street Journal -Slate Magazine (blog)
all 235 news articles »

UPDATE 2-Bank of England's Bean sees echoes of crisis build-up in markets - Reuters

Tue, 05/20/2014 - 5:10pm

Telegraph.co.uk

UPDATE 2-Bank of England's Bean sees echoes of crisis build-up in markets
Reuters
(Adds comments on Help to Buy scheme, transcripts of MPC meetings). By David Milliken and William Schomberg. LONDON May 20 (Reuters) - Low volatility in financial markets is "eerily reminiscent" of the run-up to the financial crisis, even as central banks ...
Raising interest rates may be only tool to control housing marketTelegraph.co.uk
BOE's Bean Says Crisis Shows Worse Things Can Happen Than You'd ImagineWall Street Journal
BOE's Bean Says Exit From Stimulus May Be a Difficult TaskBloomberg
The Guardian -MNI News -Fox Business
all 26 news articles »

UPDATE 1-Wells Fargo hopes to double payout to investors -CFO - Reuters

Tue, 05/20/2014 - 5:10pm

Housing Wire

UPDATE 1-Wells Fargo hopes to double payout to investors -CFO
Reuters
(Recasts headline; adds guidance on mortgage business). By Peter Rudegeair. May 20 (Reuters) - Wells Fargo & Co plans to return as much as 75 percent of its profit to shareholders, up from 34 percent in 2013, a top executive said on Tuesday.
Wells Fargo Mortgage Production Drops, But Target Payout Ratio UpWall Street Journal
Wells Fargo plans to lend $100 billion to small businesses by 2018The American Bazaar
Bank of America Corp: The Most Important GoalMotley Fool
MSN Money -24/7 Wall St.
all 31 news articles »

Stocks close sharply lower on weak retail earnings - USA TODAY

Tue, 05/20/2014 - 4:04pm

SFGate

Stocks close sharply lower on weak retail earnings
USA TODAY
Stocks tumbled Tuesday as investors were disappointed after a series of retailers reported weaker-than-expected earnings. The Dow Jones industrial average fell 137 points, or 0.8% to 16,374, according to preliminary calculations. The Standard & Poor's 500 ...
Weak results at retailers drag US stocks lowerPost-Bulletin

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Gold Futures Rise for Second Day as Equity Decline Spurs Demand - Businessweek

Tue, 05/20/2014 - 3:31pm

Proactive Investors USA & Canada

Gold Futures Rise for Second Day as Equity Decline Spurs Demand
Businessweek
Gold futures rose for a second straight day as a decline in equities boosted demand for alternative investments. The Standard & Poor's 500 Index of stocks fell as much as 0.9 percent as retailers from Staples Inc. to Urban Outfitters Inc. slumped on ...
PRECIOUS-Platinum firms on strike action, gold holds near $1290/ozReuters Africa
Gold Weaker; New Fundamental Inputs AwaitedForbes
Gold adds 0.1%; oil sheds 0.2%Proactive Investors USA & Canada
Wall Street Journal -MarketWatch -CNBC.com
all 141 news articles »

Fed's Dudley signals support for reverse repo tool - Reuters

Tue, 05/20/2014 - 2:08pm

CNNMoney

Fed's Dudley signals support for reverse repo tool
Reuters
May 20 (Reuters) - New York Federal Reserve President William Dudley on Tuesday offered a big thumbs-up for one of the new tools the Fed may use to control rates when it eventually begins to raise them, and gave a second, even newer tool a decidedly ...
3 reasons interest rates will stay lowCNNMoney
NY Fed president floats change to exit strategyFinancial Times
Fed's Dudley says pace of rate hikes to be 'slow'MarketWatch
USA TODAY -Bloomberg -CNBC.com
all 47 news articles »

JPMorgan Chase Declares Common Stock Dividend - MarketWatch

Tue, 05/20/2014 - 1:41pm

euronews

JPMorgan Chase Declares Common Stock Dividend
MarketWatch
NEW YORK, May 20, 2014 (BUSINESS WIRE) -- The Board of Directors of JPMorgan Chase & Co. (NYSE:JPM) (“JPMorgan Chase” or the “Firm”) today declared a quarterly dividend of 40 cents per share on the outstanding shares of JPMorgan Chase's ...
JPMorgan to Invest $100 Million in Detroit, Detroit News SaysBusinessweek
JPMorgan Chase to invest $100M in Detroit development, job training, home loansDetroit Free Press
JPMorgan Chase to invest $100M in Detroit economic development projectsCrain's Detroit Business
Chicago Tribune -Al Jazeera America -Wall Street Journal
all 49 news articles »

US STOCKS-Wall St falls as retailers, Caterpillar weigh - Reuters

Tue, 05/20/2014 - 1:27pm

Boston Globe

US STOCKS-Wall St falls as retailers, Caterpillar weigh
Reuters
... * Retailers' shares slide after earnings. * GM recalls another 2.42 million vehicles. * Aeroflex jumps, to be acquired by Cobham for $1.46 bln. * Dow off 0.9 pct; S&P 500 down 0.7 pct; Nasdaq off 0.8 pct (Updates to midday trading, adds GM recall). By Chuck ...
Wall Street falls as retailers, Caterpillar weighReuters India
Why TJX Companies (TJX) Stock Is Down TodayTheStreet.com
Retailer TJX cuts full-year earnings forecast; shares fallCNBC.com
New York Times -Investor's Business Daily -Buenos Aires Herald
all 54 news articles »

Owing more than the home is worth - Boston Globe

Tue, 05/20/2014 - 1:09pm

Housing Wire

Owing more than the home is worth
Boston Globe
After mashing together data on home values with information on mortgage loans, the real estate firm Zillow Inc. said 11.5 percent of homes in Eastern Massachusetts have negative equity -- meaning that more is owed on the mortgage than the property is ...
Housing debt still traps 10 million AmericansGlens Falls Post-Star

all 68 news articles »

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