Jan
05

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...
Read More..

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...
Read More..

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...
Read More..
Jan
04

Fighting rages around Syrian military air base

BEIRUT (AP) — Syrian troops and rebels fought intense battles Thursday around a strategic air base in the country's north and a suburb of the capital that government forces have been trying to capture since last month, activists and state media said.The fighting is part of the escalating violence in a Syrian civil war that the United Nations estimates has killed more than 60,000 people since the revolt...
Read More..

Car bomb in Iraq kills 12 Shiite pilgrims

BAGHDAD (AP) — Iraqi officials say a car bomb has struck a procession of Shiite pilgrims south of Baghdad, killing at least 12 and wounding dozens.A police official says the bomb exploded late Thursday afternoon in the town of Musayyib, about 60 kilometers (40 miles) south of the Iraqi capital.He says the bomb hit the pilgrims as they were returning from the holy city of Karbala to commemorate the...
Read More..

Car bomb in Iraq kills 17 Shiite pilgrims

BAGHDAD (AP) — A car bomb explosion tore through a crowd of Shiite pilgrims returning home Thursday from a religious commemoration, killing at least 20 and reinforcing fears of renewed sectarian violence, according to Iraqi officials.The blast erupted late in the afternoon in the town of Musayyib, about 60 kilometers (40 miles) south of the Iraqi capital. It targeted worshippers returning from the...
Read More..

Car bomb in Iraq kills 20 Shiite pilgrims

BAGHDAD (AP) — A car bomb explosion tore through a crowd of Shiite pilgrims returning home Thursday from a religious commemoration, killing at least 20 and reinforcing fears of renewed sectarian violence, according to Iraqi officials.The blast erupted late in the afternoon in the town of Musayyib, about 60 kilometers (40 miles) south of the Iraqi capital. It targeted worshippers returning from the...
Read More..

Iraq orders release of 11 women from prison

BAGHDAD (AP) — Iraqi authorities on Thursday ordered the release of 11 women facing criminal charges and pledged to transfer other women prisoners to jails in their home provinces, in a move to address a main demand during a wave of protests by the country's Sunni minority against the Baghdad government.The demonstrations erupted following the arrest of bodyguards assigned to Finance Minister Rafia...
Read More..
Jan
03

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...
Read More..