U.S. debt ceiling no place for stand on spending - Nasdaq's Greifeld

NEW YORK (Reuters) - The U.S. borrowing limit should not be used as leverage by members of Congress to force the Obama administration to cut spending as there will be other opportunities to make a stand, said Robert Greifeld, chief executive of Nasdaq OMX Group .The debt ceiling, which could be hit as early as mid-February, has been dragged into a high-stakes fiscal battle snarling Washington, with...

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Goldman to report fund values on daily basis: WSJ

(Reuters) - Goldman Sachs Group Inc will disclose the values of its money-market mutual funds on a daily basis rather than monthly to satisfy investor call for greater transparency, according to people familiar with the company's plans, the Wall Street Journal reported.The changes, some of which will take effect as early as Wednesday, is a major shift in an industry that has for years battled regulators...

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Wall Street slips as earnings season gets under way

NEW YORK (Reuters) - Stocks fell on Tuesday, retreating from last week's rally on the "fiscal cliff" deal in Washington, as companies started to report results for the fourth quarter.After a 4.3 percent jump in the two sessions around the close of the fiscal cliff negotiations, the S&P has declined a bit, with investors finding few catalysts to extend the rally that took the benchmark to five-year...

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Wall St set to slip after five-year high, before earnings

U.S. stocks were set to fall at the open on Monday as markets are seen consolidating after the S&P 500 closed Friday at a five-year high and before this week's start ofearnings season. Last week was the best for U.S. stocks in more than a year as a budget deal and economic data boosted investor confidence. Investors will likely turn their attention to the fourth-quarter earnings season...

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Nigerian banking stock index rises 4.7 pct

The index of Nigeria's Top-10 banks closed up 4.7 percent on Monday, a significant gain for a sector which analysts expect to drive a stock market rally again this year.Nigerian stocks rose to a 32-month high last Monday, ending 2012 up 34 percent in the index's best performance over the last five years, led by growth in consumer goods and banking.The banking index gained 24 percent last year, but...

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Stocks open lower; S&P 500 eases from 5-year high

NEW YORK (AP) — Stocks are opening lower on Wall Street, pulling the S&P 500 index down from a five-year high it reached last week.The Dow Jones industrial average fell 72 points to 13,364 shortly after the opening bell on Wall Street Monday.The Standard & Poor's 500 index fell eight points to 1,458. The Nasdaq composite fell 15 points to 3,085.Home improvement retailer Lowe's fell 52 cents...

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Wall Street opens a tad higher after jobs data

NEW YORK (Reuters) - U.S. stocks opened slightly higher after a key U.S. jobs report showed the pace of hiring by employers had eased sightly in December but gave signals of some momentum in the labor market's recovery since the 2007-09 recession.Though the data showed lackluster economic growth was unable to make a dent in the still-high U.S. unemployment rate, it calmed fears about the possibility...

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Data-feed glitch leaves some traders in dark on Nasdaq prices

NEW YORK (Reuters) - A technical glitch caused an outage of around 15 minutes on real-time prices for Nasdaq listed stocks, including Apple Inc and Google Inc , for many investors on Thursday, traders and multiple industry sources said.Nasdaq said at 1:42 p.m. in an alert to traders that it was investigating an issue involving the Universal Trading Platform's (UTP) centralized securities information...

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Hedge fund chief Einhorn disappoints, Loeb has big 2012

BOSTON/NEW YORK (Reuters) - Widely followed hedge fund managers Daniel Loeb and David Einhorn ended the year on divergent notes with Loeb's firm handily beating the broader stock market and Einhorn's firm posting a modest single-digit annual gain after performing poorly in December.For Einhorn, who has moved stock prices by simply opening his mouth, 2012 ended with lackluster returns when his Greenlight...

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Google filing error shocks investors, exposes process

SAN FRANCISCO/NEW YORK (Reuters) - R.R. Donnelley & Sons Co handles thousands of securities filings a year for corporate clients in a routine process that is invisible to most investors. On Thursday Google and its shareholders found out just what happens when that process goes wrong.Google issued a statement blaming Donnelley, its filing agent, after the Internet search company's quarterly results...

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Who Owns America’s Debt?

As the U.S. continues to rack up more than $1 trillion of new debt every year, Americans are beginning to worry about who we owe this money to and how much power our creditors have over us.According to Barry P. Bosworth, a senior fellow at the Brookings Institution, our two biggest foreign creditors are Japan and China.Although it may seem as though our debt to these countries renders us a puppet...

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Analysis: Geithner's planned departure puts Obama in tough spot

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner's plans to leave near the end of January put the White House in a tricky spot, depriving the Obama administration of its longest-serving economic adviser for its next fiscal showdown with Congress.Geithner, who spent his years as Treasury secretary battling the financial crisis and then fighting with Republican lawmakers in 2011 over raising...

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US job market resilient despite budget fight

The U.S. job market showed resilience in three reports Thursday, suggesting it may be able to withstand a federal budget battle that threatens more economic uncertainty in coming months.A survey showed private hiring increased last month, while layoffs declined and applications for unemployment benefits stayed near a four-year low. The data led some economists to raise their forecasts for December...

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US housing construction up 15 percent in September

WASHINGTON (AP) -- U.S. builders started construction on single-family homes and apartments in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening.The Commerce Department said Wednesday that builders broke ground on homes at a seasonally adjusted annual rate of 872,000 in September. That's an increase of 15 percent from the August level.Applications...

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Google filing error shocks investors, exposes process

SAN FRANCISCO/NEW YORK (Reuters) - R.R. Donnelley & Sons Co handles thousands of securities filings a year for corporate clients in a routine process that is invisible to most investors. On Thursday Google and its shareholders found out just what happens when that process goes wrong.Google issued a statement blaming Donnelley, its filing agent, after the Internet search company's quarterly results...

Read More..

Who Owns America’s Debt?

As the U.S. continues to rack up more than $1 trillion of new debt every year, Americans are beginning to worry about who we owe this money to and how much power our creditors have over us.According to Barry P. Bosworth, a senior fellow at the Brookings Institution, our two biggest foreign creditors are Japan and China.Although it may seem as though our debt to these countries renders us a puppet...

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Earnings from McDonald's, Microsoft sink stocks

Poor earnings reports from three companies in the Dow Jones industrial average — Microsoft, General Electric and McDonalds — sent indexes down sharply Friday, marking a sour end to an otherwise strong week in the stock market.McDonald's led a broad drop in the Dow, falling 3 percent. The Dow was down 151 points at 13,397 shortly after noon."I'm concerned about corporate earnings, but I'm not alarmed...

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McDonald's Canada Reveals How They Make Famous Fries

McDonald's Canada is at it again, demystifying their french fry recipe "from the farm to all the way to the fryer."In their new behind-the-scenes video, Scott Gibson, manager of the company's supply chain, takes customer questions on their world-famous fries.Gibson addresses the first question asking whether or not the potatoes used by the fast food restaurant are real. Standing in the middle of the...

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US housing construction up 15 percent in September

 U.S. builders started construction on single-family homes and apartments in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening.The Commerce Department said Wednesday that builders broke ground on homes at a seasonally adjusted annual rate of 872,000 in September. That's an increase of 15 percent from the August level.Applications for...

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Google filing error shocks investors, exposes process

SAN FRANCISCO/NEW YORK (Reuters) - R.R. Donnelley & Sons Co handles thousands of securities filings a year for corporate clients in a routine process that is invisible to most investors. On Thursday Google and its shareholders found out just what happens when that process goes wrong.Google issued a statement blaming Donnelley, its filing agent, after the Internet search company's quarterly results...

Read More..