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Updated: 29 min 2 sec ago

VW, Reeling From Emissions Scandal, Delays Reporting Earnings - New York Times

Fri, 02/05/2016 - 8:56am

New York Times

VW, Reeling From Emissions Scandal, Delays Reporting Earnings
New York Times
FRANKFURT — Volkswagen said on Friday that it would delay reporting its annual earnings and move back the date of its annual shareholders' meeting because of uncertainty about the cost of its diesel emissions scandal. The highly unusual delays reflect ...
VW delays 2015 results due to open issues on emissionsAutomotive News
Volkswagen Delays Earnings Amid Uncertainty on Scandal's CostBloomberg
UPDATE 1-VW postpones 2015 results, AGM as scandal effects unclearReuters
ABC News
all 63 news articles »

Labor force participation rate moves higher - Business Insider

Fri, 02/05/2016 - 8:41am

Business Insider

Labor force participation rate moves higher
Business Insider
Since about the turn of the millennium, the labor-force participation rate, or the share of American civilians over the age of 16 who are either working or looking for a job, has dropped pretty dramatically, with an acceleration in that drop after the ...

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Wages Rise as US Unemployment Rate Falls Below 5% - New York Times

Fri, 02/05/2016 - 8:39am

New York Times

Wages Rise as US Unemployment Rate Falls Below 5%
New York Times
The American economy's jobs machine cooled in January, but still performed well enough to push unemployment to an eight-year low and deliver some much-needed wage gains for ordinary workers.
Employers added 151000 jobs in January, unemployment rate fell to 4.9%USA TODAY
Payrolls in U.S. Rose 151000 in January, Jobless Rate at 4.9%Bloomberg
US Added Just 151k Jobs in Jan.; Unemployment at 4.9 Pct.ABC News
Reuters -Washington Post -CNNMoney
all 135 news articles »

HEB Recalls Ice Cream Over Possible Wood Slivers - CBS Local

Fri, 02/05/2016 - 8:08am

CBS Local

HEB Recalls Ice Cream Over Possible Wood Slivers
CBS Local
SAN ANTONIO (AP) – H-E-B supermarkets have issued a voluntary recall for its Creamy Creations Caramel Pecan Turtle ice cream over possible wood pieces in the product. In a statement Thursday, the San Antonio-based supermarket chain said there have ...

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BNP Paribas Plans Trading Cutbacks Even as Revenue Tops Rivals - Bloomberg

Fri, 02/05/2016 - 7:42am

euronews

BNP Paribas Plans Trading Cutbacks Even as Revenue Tops Rivals
Bloomberg
BNP Paribas SA posted higher revenue from trading in the fourth quarter as most of its bigger competitors lost ground, while rising costs at the unit are prompting an overhaul of the investment banking division to support returns. Fourth-quarter ...
Forget oil stocks. Banks are killing your portfolioCNNMoney
BNP Paribas Admits Reality in Investment BankingWall Street Journal
BNP Paribas Profit Halves; Trim in Investment Bank PlannedBidness ETC

all 66 news articles »

What happens to a tiny town when Walmart disappears? - Washington Post

Fri, 02/05/2016 - 7:23am

Washington Post

What happens to a tiny town when Walmart disappears?
Washington Post
KIMBALL, W. Va. — To hear Mary Francis Matney tell it, Walmart didn't kill the once-vibrant cluster of shops next to a railroad and a creek in the faded old coal town of Kimball, W. Va. — the disappearance of the mines had pretty well taken care of ...
Emotional Issues During A Market Downturn: How Investors Often Respond To Their Own DetrimentSeeking Alpha
Wal-Mart's closures leave gaping voids throughout small-town AmericaChicago Tribune
Bremer Trust National Association Decreases Stake in Wal-Mart Stores, Inc. (WMT)Daily Political
Investorplace.com
all 58 news articles »

U.S. jobs report: What you need to know today - CNNMoney

Fri, 02/05/2016 - 7:12am

CNNMoney

U.S. jobs report: What you need to know today
CNNMoney
The Labor Department publishes the January jobs report at 8:30 a.m. Friday. Economists surveyed by CNNMoney project that the economy added 197,000 jobs last month. That would be way down from December, when the economy added 292,000 jobs.
What to Expect From the Latest Jobs ReportNew York Times
Stocks: 5 things to know before the openWZVN-TV

all 6 news articles »

South Africa: About 87 Trapped After Collapse at Mine - ABC News

Fri, 02/05/2016 - 5:19am

Times LIVE

South Africa: About 87 Trapped After Collapse at Mine
ABC News
A building collapsed above a gold mine in South Africa on Friday, leaving about 87 people trapped, a union spokesman said. At least 52 people were trapped when the office building collapsed, trapping an additional 35 miners below ground, said Manzini ...
South Africa Gold Mine Collapses, Putting 115 Workers at RiskBloomberg
South Africa Mine Collapse Traps More Than 100Wall Street Journal
More than 100 people "unaccounted for" after South Africa mine collapse - unionReuters

all 73 news articles »

Oil prices steady, weak fundamentals weigh after volatile week - Reuters

Fri, 02/05/2016 - 4:40am

Reuters

Oil prices steady, weak fundamentals weigh after volatile week
Reuters
LONDON/SINGAPORE Crude oil futures steadied on Friday after earlier losses, as bearish fundamentals weighed on markets at the end of a volatile week that saw prices seesaw over 10 percent within a day. International benchmark Brent crude futures ...
NYMEX crude up slightly in Asia ahead of Chinese New Year holidaysNasdaq
Crude prices steady as a weak dollar lends supportMarketWatch
Oil edges up ahead of Lunar New YearCNBC
Bloomberg -GlobalPost -Forbes
all 113 news articles »

UPDATE 1-Toyota lifts annual profit forecast as China business picks up - Reuters

Fri, 02/05/2016 - 4:14am

BBC News

UPDATE 1-Toyota lifts annual profit forecast as China business picks up
Reuters
... * Toyota raises FY net profit forecast to a record 2.27 trln yen. * Improved efficiency in China to boost Asia earnings. * Toyota lifts sales forecast in N.America on strong U.S. demand (Recasts; adds executive's comment and details of results). By ...
Toyota Stays on Track to Report 3 Trillion Yen in Annual ProfitBloomberg
Toyota posts lower-than-expected Q3 profit on higher expensesAutomotive News
Toyota Raises Annual Profit Forecast, Nine-Month Profit Jumps Despite Lower Car SalesInternational Business Times
Washington Post
all 97 news articles »Google News

Private airlines begin looting PIA passengers - The Nation

Fri, 02/05/2016 - 3:52am

The Nation

Private airlines begin looting PIA passengers
The Nation
LAHORE/KARACHI: The private airlines are looting passengers with both hands by increasing their fares up to 100 percent, but Civil Aviation Authority, Security Exchange Commission of Pakistan and Competition Commission of Pakistan are keeping mum ...
World's Most Overstaffed Airline Finds Some Stranded PassengersBloomberg
Pakistan airline strike grounds passengers across countryDaily Mail
PIA suffers Rs1.8b loss due to strikeThelakeandeswave

all 237 news articles »

Crude oil prices steady in thin Asian trading ahead of Lunar New Year - Reuters

Thu, 02/04/2016 - 11:42pm

Reuters

Crude oil prices steady in thin Asian trading ahead of Lunar New Year
Reuters
SINGAPORE Crude oil futures were steady in lacklustre trading on Friday as Asian liquidity faded ahead of the Lunar New Year holiday across large parts of the region. International benchmark Brent crude futures LCOc1 were trading at $34.41 per barrel ...
Oil edges up ahead of Lunar New YearCNBC
Crude oil prices edge up in thin Asian trading ahead of Lunar New YearStreetInsider.com
Why Are Asian Investors Buying Up WTI Crude Futures?Yahoo Finance

all 36 news articles »

Health Care Signups Exceed Hopes, With 4 Million Newcomers to Federal Marketplace - New York Times

Thu, 02/04/2016 - 8:52pm

Washington Post

Health Care Signups Exceed Hopes, With 4 Million Newcomers to Federal Marketplace
New York Times
WASHINGTON — About 12.7 million people signed up for health insurance under the Affordable Care Act or had their coverage automatically renewed in the third annual open enrollment season, the Obama administration said Thursday.
Affordable Care Act enrollment grows modestly this year, to 12.7 millionWashington Post
Arizona's Affordable Care Act health-insurance sign-ups slow in third yearazcentral.com
Number of Wisconsin residents enrolled in Obamacare climbs 16%Milwaukee Journal Sentinel
Forbes -Press Herald -Houston Chronicle
all 40 news articles »

Despite billions in fresh cash, Symantec will cut costs and go into debt - MarketWatch

Thu, 02/04/2016 - 7:58pm

MarketWatch

Despite billions in fresh cash, Symantec will cut costs and go into debt
MarketWatch
This company appears to be rolling in gold like Scrooge McDuck, so how does it celebrate? By cutting costs, including potential future staff changes, and going into debt. Huh? Basically, Symantec SYMC, -0.52% will push all of the proceeds from the ...
Symantec gets $500 million from Silver Lake, sets $2.3 billion buybackReuters
Symantec beats Street 3Q forecasts, gets $500M investmentCharlotte Observer
Symantec Announces $500 Million Strategic Investment by Silver Lake, Symantec's Total Capital Return Program ...Dark Reading

all 46 news articles »

Drug exec takes Fifth, infuriates lawmakers - GazetteNET

Thu, 02/04/2016 - 7:56pm

GazetteNET

Drug exec takes Fifth, infuriates lawmakers
GazetteNET
Pharmaceutical chief Martin Shkreli smiles on Capitol Hill in Washington, Thursday, Feb. 4, 2016, during the House Committee on Oversight and Reform Committee hearing on his former company's decision to raise the price of a lifesaving medicine. Shkreli ...

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Obama to propose $10-a-barrel oil tax to fund rail and highway projects - Washington Post

Thu, 02/04/2016 - 5:51pm

Washington Post

Obama to propose $10-a-barrel oil tax to fund rail and highway projects
Washington Post
President Obama is proposing a $10-a-barrel oil tax, phased in over five years, to pay for a variety of transportation initiatives, including new rail corridors, highway projects, pilot projects for self-driving cars and other technologies it said fall ...
Obama to seek new tax on oil in budget proposalReuters
Obama to propose $10-a-barrel oil taxPolitico
Obama $10-Per-Barrel Oil Tax Lands With Thud in CongressBloomberg
The Hill -New York Times
all 248 news articles »

Fed's Mester unmoved, says US to overcome 'soft patch' - Reuters

Thu, 02/04/2016 - 5:44pm

Reuters

Fed's Mester unmoved, says US to overcome 'soft patch'
Reuters
NEW YORK The U.S. economy remains sound and will overcome recent market turbulence, allowing the Federal Reserve to continue tightening its monetary policy as planned, a top Fed official said on Thursday. Cleveland Fed President Loretta Mester said ...
Mester Says Premature for Fed to Materially Change OutlookBloomberg
Fed's Mester: 'Gradual' rate hikes to continueCNBC
U.S. economy still healthy, says key Fed officialCNNMoney

all 15 news articles »

LinkedIn Tumbles 25% On Earnings Guidance - TechCrunch

Thu, 02/04/2016 - 4:31pm

TechCrunch

LinkedIn Tumbles 25% On Earnings Guidance
TechCrunch
LinkedIn reported fourth quarter earnings after the bell Thursday. While the company beat analyst estimates on both income and revenue, the stock quickly tumbled 24% in after-hours trading, due to a disappointing outlook and earnings guidance. The job ...
LinkedIn satisfies Q4 revenue, but shares plummet on soft guidanceZDNet
LinkedIn (LNKD) Tops Q4 EPS by 16c; Issues Light Q1, FY16 OutlookStreetInsider.com
LinkedIn Corp Tanks After Swinging To A Loss, Posting Weak OutlookValueWalk
Nasdaq -Forbes -Barron's (blog)
all 40 news articles »

12.7 million Americans sign up for Obamacare 3.0 - CNN

Thu, 02/04/2016 - 3:42pm

CNN

12.7 million Americans sign up for Obamacare 3.0
CNN
Sign ups exceeded the Obama administration's initial estimates of 10 million, though that figure was widely seen as too modest. "The marketplace is growing and getting stronger and the ACA [Affordable Care Act] has become a crucial part of healthcare ...
Obama Health Care Law Posts Respectable Sign-up SeasonABC News
UPDATE 1-US signs up 12.7 million Americans for Obamacare health insuranceReuters
More Than 12 Million Enroll In ObamacareHuffington Post

all 48 news articles »

Average long-term US mortgage rate falls fifth straight week - Aurora Sentinel

Thu, 02/04/2016 - 3:38pm

Average long-term US mortgage rate falls fifth straight week
Aurora Sentinel
Mortgage buyer Freddie Mac says the average rate on a 30-year fixed-rate mortgage slid to 3.72 percent this week, down from 3.79 percent last week and the lowest since it averaged 3.68 percent in April 2015.

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