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Starboard Nominates Twelve Director Candidates To Board Of Darden - Quick ... - RTT News

Thu, 05/22/2014 - 8:59am

Starboard Nominates Twelve Director Candidates To Board Of Darden - Quick ...
RTT News
Starboard Value LP, one of the largest shareholders of Darden Restaurants, Inc. (DRI: Quote), with an ownership interest of approximately 6.2% in the company, announced that it has delivered an open letter to shareholders of the company, and has ...

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Marathon Petroleum to Buy Hess Retail Arm for $2.6B -- Update - Wall Street Journal

Thu, 05/22/2014 - 8:22am

FOX 4

Marathon Petroleum to Buy Hess Retail Arm for $2.6B -- Update
Wall Street Journal
Hess Corp. on Thursday said it agreed to sell its retail business to Marathon Petroleum Corp.'s Speedway LLC unit for total cash consideration of $2.6 billion. Hess had filed for potential spinoff of its retail unit earlier this year but also left the door open for a ...
UPDATE 1-Marathon Petroleum to buy Hess's retail business for $2.87 blnReuters
Marathon Petroleum Buys Hess Retail for $2.87 BillionBloomberg
Marathon buys Hess stations in $2.87 billion dealChron.com
MarketWatch
all 25 news articles »

Can you afford a home in these 27 cities? - KPRC Houston

Thu, 05/22/2014 - 8:11am

KPRC Houston

Can you afford a home in these 27 cities?
KPRC Houston
Jobs may not pay as much in the American heartland as they do in wealthy, coastal cities like New York or San Francisco, but there's one aspect of life in the Midwest that can't be beat: affordable home prices. In Cleveland, a worker only needs to earn an ...
Study: Home Shoppers Here Need More Money Than 3 Months AgoReston Now
Here's The Salary You Have To Earn To Buy A Home In These 12 Major US CitiesBusiness Insider

all 37 news articles »Google News

Sears Holdings Corp's first-quarter loss widens as sales decline stretches into ... - Financial Post

Thu, 05/22/2014 - 8:01am

Montreal Gazette

Sears Holdings Corp's first-quarter loss widens as sales decline stretches into ...
Financial Post
Sears Holdings Corp., the retailer controlled by billionaire hedge-fund manager Edward Lampert, posted a wider first-quarter loss amid a sales decline that's stretched into its seventh year. The net loss in the three months through May 3 expanded to US$402 ...
Sears loss widens as discounts fail to arrest fall in salesMSN Money
Sears Canada for sale, but there may not be much to sell: analystsStarPhoenix

all 110 news articles »

US House committee approves bill to curb doorstep mail delivery - Post and Parcel

Thu, 05/22/2014 - 5:24am

US House committee approves bill to curb doorstep mail delivery
Post and Parcel
The Oversight Committee of the US House of Representatives approved a bill yesterday that would end doorstep delivery for about 15m households in the United States in the next decade. The move, which would echo the strategy already being implemented ...

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Steady growth signs lift European stocks and bonds - Reuters

Thu, 05/22/2014 - 5:23am

Business Recorder

Steady growth signs lift European stocks and bonds
Reuters
LONDON, date (Reuters) - European stocks and government bonds rose on Thursday buoyed by another month of private sector growth, firmer Chinese data and signs the U.S. Fed will maintain some monetary support for the world's largest economy.
European stocks, peripheral bonds rise before PMIReuters India
Asian Stocks Rebound On Fed Minutes, Upbeat China PMI DataNASDAQ
Asia shares hit 1-year high on China PMI relief, Fed supportEconomic Times
Channel News Asia
all 218 news articles »

Euro-Area Services Surge Aids Revival as Manufacturing Cools - Bloomberg

Thu, 05/22/2014 - 5:21am

Economic Times

Euro-Area Services Surge Aids Revival as Manufacturing Cools
Bloomberg
A waiter carries a tray of refreshments to customers as he emerges from the Europa Center mall in Berlin. Close. A waiter carries a tray of refreshments to customers as he emerges from the Europa Center mall in Berlin. Close. Open. Photographer: Krisztian ...
Euro-Zone Business Activity Slows Slightly, Boosting Case for ECB ActionWall Street Journal
German manufacturing PMI falls to 6-month low of 52.9 in MayNASDAQ
Euro-zone business activity slows in MayMarketWatch
Businessweek -MNI News -RTE.ie
all 63 news articles »

Credit Suisse must offer an honourable resignation - Financial Times

Thu, 05/22/2014 - 2:33am

Credit Suisse must offer an honourable resignation
Financial Times
Presumably, although he denies it, Brady Dougan considered resigning as chief executive of Credit Suisse this week when it became the first global financial institution since Crédit Lyonnais in 2003 to plead guilty to criminal felony in the US. In any case, he ...

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China's factories show signs of life - CNNMoney

Wed, 05/21/2014 - 11:28pm

CNNMoney

China's factories show signs of life
CNNMoney
China's factories appear to be on the mend this month, according to an early gauge of activity in the country's all-important manufacturing sector. HSBC said its "flash" measure of sentiment among manufacturing purchasing managers was 49.7 in May.
China manufacturing rebounds to 5-month highWashington Post
HSBC China Manufacturing PMI RisesWall Street Journal
Asia shares get a double boost from China PMI, Wall Street gainsCNBC.com
Reuters -ABC Online
all 44 news articles »

Obama auto team on GM switch defect: We knew nothing - USA TODAY

Wed, 05/21/2014 - 8:26pm

CBS Local

Obama auto team on GM switch defect: We knew nothing
USA TODAY
WASHINGTON — Members of President Barack Obama's auto team that led the restructuring of General Motors five years ago said today they knew nothing at the time about an ignition-switch defect that has led the company to recall 2.6 million vehicles this ...
UPDATE 1-Fiat Chrysler CEO says GM has made automakers more sensitive on ...Reuters
Treasury Didn't Know About GM Defect: Wilson, RattnerBloomberg
Fiat Chrysler CEO says GM has made automakers more sensitive on safetyFox Business
AOL Autos -Seeking Alpha
all 43 news articles »

Dollar gains vs. yen after Fed minutes, stocks rebound - Reuters

Wed, 05/21/2014 - 8:26pm

SFGate

Dollar gains vs. yen after Fed minutes, stocks rebound
Reuters
NEW YORK (Reuters) - The dollar gained against the yen for the first time in six sessions on Wednesday as Federal Reserve minutes suggested the U.S. central bank will keep reducing its stimulus plan, while world stock markets bounced back from the ...
Asian Morning Briefing: US Stocks RallyWall Street Journal
Stocks advance amid Fed minutes as Tiffany shinesSan Diego Source (subscription)
US stocks recover; Tiffany shines on earnings gainBusinessweek
ABC News -Fox Business
all 405 news articles »

Committee OKs end to door-slot mail for millions - Chron.com

Wed, 05/21/2014 - 6:16pm

Belleville News Democrat

Committee OKs end to door-slot mail for millions
Chron.com
WASHINGTON (AP) — Millions of Americans would no longer get mail delivered to their door but would have to go to communal or curbside boxes instead under a proposal advancing through Congress. The Republican-controlled House Oversight and ...
Congress could move your mailboxCNBC.com
Proposal would stop mail delivery to the door for millionsLincoln Journal Star
Proposal would stop door-to-door mail for millionsSan Angelo Standard Times
KPVI News 6
all 60 news articles »

Putin Tilts to Asia With $400 Billion China Gas Deal - Bloomberg

Wed, 05/21/2014 - 5:25pm

The Guardian

Putin Tilts to Asia With $400 Billion China Gas Deal
Bloomberg
Alexey Miller, chief executive officer of OAO Gazprom, Russia's biggest company, signed the contract with Chinese officials in Shanghai. Close. Alexey Miller, chief executive officer of OAO Gazprom, Russia's biggest company, signed... Read More. Close.
Is the Russia-China Gas Deal for Real—or Just Fumes?Businessweek
$400 Billion Gas Deal Great For China, But Diplomatic Victory For RussiaForbes
UPDATE 5-As Putin looks east, China and Russia sign $400 billion gas dealReuters
Wall Street Journal -Christian Science Monitor -Washington Post
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UPDATE 2-US EIA cuts recoverable Monterey shale oil estimate by 96 pct - Reuters

Wed, 05/21/2014 - 4:56pm

Sky News Australia

UPDATE 2-US EIA cuts recoverable Monterey shale oil estimate by 96 pct
Reuters
(Adds EIA confirmation of downgrade numbers; production outlook). NEW YORK May 21 (Reuters) - The U.S. Energy Information Administration (EIA) on Wednesday cut its estimate of recoverable oil in California's Monterey shale by 96 percent, casting doubt ...
US officials cut estimate of recoverable Monterey Shale oil by 96%Los Angeles Times
Little oil production expected out of Monterey Shale due to economics: US EIAPlatts
America's Biggest Potential Oilfield is Looking a Lot SmallerWall Street Journal (blog)
Businessweek -Businessinsider India
all 54 news articles »

China Sees Big Shift Into Online Finance - Voice of America

Wed, 05/21/2014 - 4:53pm

Voice of America

China Sees Big Shift Into Online Finance
Voice of America
The International Business Times says a big financial shift is underway in China. It says people are increasingly depositing extra cash in online investment platforms that allow instant access to their funds with no minimum deposit while offering interest rates ...
China's JD.com Seeks Jeff Bezos Treatment With $1.7 Billion IPOBloomberg

all 139 news articles »

Report: Giant cigarette merger in the works - USA TODAY

Wed, 05/21/2014 - 4:47pm

Dividend.com

Report: Giant cigarette merger in the works
USA TODAY
Tobacco company Reynolds American is in “advanced merger talks” to buy rival Lorillard in a complex three-way buyout, reports Reuters. The proposed acquisition, which Reuters says is in “late stages” of talks, would put together the No. 2 and No. 3 largest ...
Why Lorillard (LO) Stock Spiked TodayTheStreet.com
Reynolds American Looks to Acquire Lorillard (RAI, LO)Dividend.com

all 16 news articles »

Wall St. ends higher after Fed minutes; Dow's best day in a month - Reuters

Wed, 05/21/2014 - 4:43pm

Chron.com

Wall St. ends higher after Fed minutes; Dow's best day in a month
Reuters
NEW YORK (Reuters) - U.S. stocks rose on Wednesday, rebounding from the previous day's broad selloff, after minutes of the Federal Reserve's last meeting showed central bankers have discussed the eventual tightening of monetary policy but made no ...
US Stocks RallyWall Street Journal
Stock Market Climbs, Recovering After Sell-OffNew York Times
Stocks Jump Amid Tame Fed MinutesFox Business
TIME -seattlepi.com
all 313 news articles »

Fed would raise rates slowly under price targeting says official - Straits Times

Wed, 05/21/2014 - 2:40pm

Fed would raise rates slowly under price targeting says official
Straits Times
MINNEAPOLIS (REUTERS) - The rate at which the Federal Reserve would raise interest rates in the years ahead would be "even slower" than usual if the US central bank were to adopt a strategy of price-level targeting, Minneapolis Fed President Narayana ...

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Airlines Should Disclose Bag Fees Before Purchase, US Says (2) - Businessweek

Wed, 05/21/2014 - 2:25pm

Chron.com

Airlines Should Disclose Bag Fees Before Purchase, US Says (2)
Businessweek
Airlines in the U.S. would have to disclose bag fees and seat-assignment charges upfront when tickets are sold under a proposed change in federal transportation regulations designed to protect consumers. Added fees make up a growing portion of the price ...
Gov't: Airlines Should Disclose Bag, Seat FeesABC News
US Government Proposes Requiring Airlines to Disclose More FeesWall Street Journal
Rule would make airlines clearly disclose bag fees, other chargesLos Angeles Times
seattlepi.com -Reuters
all 135 news articles »

Yellen To NYU Grads: 'You Won't Succeed All The Time' - Forbes

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

Getty Images

Yellen To NYU Grads: 'You Won't Succeed All The Time'
Forbes
Federal Reserve Chair Janet Yellen speaks to graduates during New York University's commencement ceremony. (AP Photo/Frank Franklin II). Clad in a grape juice purple graduation gown Federal Reserve Chair Janet Yellen took the field at Yankee ...
Yellen, at NYU, Hails Bernanke's Courage in CrisisABC News
Yellen to grads: Grit separates fit from gitMiamiHerald.com
At NYU, Yellen Praises Her Fed PredecessorNew York Times
Getty Images -The Wire
all 78 news articles »

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