Latest news for BlackRock Global Allocation Inv A(MDLOX) (See analysis on MDLOX)
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Friday September 4th 2015: Latest financial news from the worldU.S. labor market shows some muscle despite slower job growth
By Lucia Mutikani WASHINGTON (Reuters) - U.S. job growth slowed in August, but the unemployment rate dropped to a near 7-1/2-year low and wages accelerated, keeping alive prospects of a Federal Reserve interest rate hike later this month. Nonfarm payrolls increased 173,000 last month after an upwardly revised gain of 245,000 in July, the Labor Department said on Friday. August's gain was the smallest in five months as the factory sector lost the most jobs since July 2013.
Wall Street caps off tough week with a steep loss
Many investors viewed those data points as contradictory signals about the urgency to increase interest rates. Near-zero rates have allowed the U.S. stock market to almost triple from the depths of the financial crisis in 2009. Many on Wall Street hope recent global market turmoil and worries about China's economy will lead the Fed to hold off raising rates when it meets on Sept. 16-17.
Muddled jobs report leaves Fed in a 'jam' watching markets
By Jonathan Spicer and Jason Lange NEW YORK/RICHMOND, Va. (Reuters) - The latest U.S. jobs report was not definitively good or bad enough to help the Federal Reserve decide whether to raise interest rates later this month, leaving the decision hanging on volatility in financial markets over the next couple of weeks. The economy added 173,000 jobs in August, quite a bit fewer than expected. With global financial markets reeling over the last two weeks over fears of a Chinese economic slowdown, the report is probably the best and last direct reading on the economy before Fed officials consider hiking rates at a Sept. 16-17 meeting.
GE set for cost cuts as EU decision on Alstom deal nears
European regulators have expressed concerns over the combined company's control of the gas turbine market. In May, GE told investors it expects $3 billion in cost reductions over the next five years as it combines its operations with those of Alstom, more than double the previous target when the deal was first announced in April 2014. Outside of France, GE said last year that 18,000 of Alstom's 65,000 total employees involved in the deal worked in Europe, where works councils can make job cuts difficult.
Fiat Chrysler U.S. to recall 7,810 SUVs to prevent hacking
The announcement by FCA US LLC, formerly Chrysler Group LLC, comes more than a month after the company recalled about 1.4 million vehicles in the United States for the software update. FCA said on Friday that it was unaware of any injuries related to software exploitation. The recalled vehicles include 2015 Jeep Renegade SUVs equipped with 6.5-inch touchscreens.
Geneva wealth managers pay defrauded investors to settle Madoff case
Five former Geneva wealth managers have paid "substantial compensation" to settle criminal complaints brought by clients whose assets they had invested with U.S. fraudster Bernard Madoff, the Geneva prosecutor's office said on Friday. The case was launched in 2009 against five directors of Aurelia Finance, a Geneva-based private bank that prosecutors said had lost up to $800 million of clients' money by investing in Madoff's "Ponzi" scheme, which used money from new investors to pay existing clients. The five men - Vladimir Stepczynski, Pascal Cattaneo, Olivier Ador, Laurent Mathysen-Gerst and Jean-Marc Wenger - were charged with criminal mismanagement of client money by putting too many assets into a Madoff "feeder fund".
Nissan to recall about 300,000 vehicles in U.S. to fix console panel
The affected vehicles have a console trim panel that may catch the driver's shoe and potentially impede smooth pedal operation, the National Highway Traffic Safety Administration (NHTSA) said on its website. Nissan North America is expected to begin the recall by mid-October, the U.S. vehicle safety regulator said. "We have had an accident with injury related to this issue," Nissan North America spokesman Steve Yaeger said on Friday.
Boeing sticks with 747 production plans despite sales drought
Boeing Co said on Friday it is sticking to current production plans for its 747 jumbo jet despite a canceled order that left no net new orders for the plane in 20 months. Nippon Cargo Airlines Ltd, a unit of Nippon Yusen , canceled orders for four 747 freighters on Sept. 1, Boeing said, leaving no net new orders from this year or last. Boeing now has just 25 firm 747 orders, equal to about two years of production, for the $379 million jumbo.
SEC's Gallagher says will leave his post by October 2
U.S. Securities and Exchange Commission Republican member Daniel Gallagher announced on Friday that he will not stay on at the agency past Oct. 2. Gallagher submitted his resignation letter to the White House in May, but he had not announced a date of departure. "It has been a great honor to serve on the commission during such an important time," Gallagher said in a statement.
G20 promises transparency on rate moves as global economy disappoints
By Jan Strupczewski and Randall Palmer ANKARA (Reuters) - World financial leaders will agree to calibrate and communicate monetary policy carefully to avoid triggering capital flight, but will not call an expected U.S. rate rise a risk to growth, a draft communique showed on Friday. Many emerging market economies are concerned that when the U.S. Federal Reserve raises borrowing costs, investors will withdraw from other markets and buy dollar assets, weakening other currencies and creating turbulence as capital flees. Officials from emerging markets wanted the communique from finance ministers and central bank governors of the Group of 20 biggest economies, meeting in Turkey, to say that a U.S. rate rise now would be a risk to growth.
Twitter clutters up iOS and Android timelines with 'Who to Follow'
Twitter really wants new users to stick around. Now that means helping them find interesting accounts by placing "Who to follow" in the timeline of its iOS and Android apps. So now when you load ...
Playdate: Trying out 'Super Time Force Ultra' and 'Grow Home'
Here's a tough choice: would you rather play a game about a gardening robot that experiments with new methods of character animation, or a ridiculous time-travel action game that throws paradoxical caution ...
NASA's bouncing 'Hedgehog' robot is designed to explore comets
'Bedtime Stories for Awful Children,' a free ebook from 'Year Walk' devs
The dark, freezing woods of Sweden are the perfect breeding ground for terrifying tales of naughty children who get what they deserve. This week, Simogo -- the developer of beautifully macabre game Year ...
Fiorina Calls for U.S. to Put Pressure on China
GOP presidential candidate Carly Fiorina is weighing in on China relations ahead of Chinese President Xi Jinping’s visit to the U.S. later this month. In an interview with FOX Business Network’s Stuart Varney, Fiorina says she would use the opportunity for serious negotiations.
Week Ahead: Economic Data and Apple Meeting
Next week will see the release of more economic data ahead of the Federal Reserve’s big rate hike decision, and an Apple extravaganza.
Wall Street Ends Deep in Red Ahead of Long Weekend
Wall Street saw steep declines on Friday on the heels of a mixed August jobs report as traders ditched their long positions ahead of the Labor Day weekend.
A survey of Apple's input innovations
With Force Touch rumored to arrive on the new iPhones next week, let's take a look back at some of Apple's other notable input methods. Cupertino has always offered a unique spin on the norm, whether it's ...
The Market isn't Strengthening any Time Soon
A few weeks ago, I noted the long – very long! – period of congestion would almost have to be broken with a major move. I didn’t know the direction, but was confident of the ferocity.
Toyota teams up with MIT and Stanford for AI research
SpaceX Falcon Heavy set to launch in spring 2016
Microsoft phasing out support for Lumia camera-related apps on Windows Phone 8.1
Why Consumers Matter in Realizing Workers' Rights
Protest-Woodward. Farmworkers and consumers unite thousands strong in marches, fasts and protests to demand food retailers join the Fair Food Program. Ahold USA, which owns supermarket brands Stop & Shop, Giant, Martin's and Peapod, just joined the Program in July 2015. Credit: Forest WoodwardIn March of 2002, Irvine California saw its...
New Steve Jobs doc examines the myth of the man who made Apple
Director Alex Gibney wraps up his latest documentary, Steve Jobs: The Man in the Machine, with an apt encapsulation of the Apple co-founder's conflicting persona: "He had the focus of a monk, without ...
Report: Revamped Google Play Store, Android Wear heading over the wall to China
Toyota invests $50 million with Stanford, MIT to develop vehicle AI
6 futuristic 3D-printed clothes
By Cat DiStasio 3D printing is revolutionizing the way we make things, from buildings and cars to medical devices. But that's not all: Many forward-thinking designers in the fashion industry are using ...
Amazon Echo now supports shared Google calendars
Powerful Tips for Female Entrepreneurs
Image Credit: Wikimedia CommonsFemale entrepreneurs have become a powerful force in today's market. Many of the leading companies in the United States are now led by women entrepreneurs, many of whom have paved the way for future generations of female business owners. For women trying to find their place in today's market, there are many...
Are Liquid Alternatives to Blame for This Market?
This past month has been gut-wrenching for investor, but it's best of focus less about whether portfolios go up or down in a given month, and more about will that up and down cause you to do something foolish.
Addicted to Facebook? You are not alone
Sony's RX10 II is a powerful superzoom camera with some quirks
Invest in Companies that Only Sell in the U.S.?
Many believe investors should look for companies that derive the majority of their sales in the U.S., as fundamentals appear to be heading in the right direction for those companies and the American economy has showed signs of strength.
Watch the trailer for Netflix's first original film 'Beasts of No Nation'
Netflix has found great success with its move into original content over the past few years, and the company isn't content with just producing TV-style series. Beasts of No Nation, Netflix's first original ...
On the road with my Surface Pro 3
Labor Day 2015: Workers Getting Organized
On this Labor Day 2015, there are nascent signs that workers may be gaining a little ground.These include: Companies like Walmart and T.J. Maxx increasing their minimum wage. Companies like Gap and Starbucks changing their job scheduling policies. And, companies like Google and Nestle improving their maternity leave benefits.These changes...
How Moral Reasoning in Business Can Provide You with the Best Course of Action - Part 1
Though I am not a psychologist, I have spent many years managing teams, leading projects, and advising people - experiences that have helped me realize the importance of appropriately phrasing questions - in both social and business settings - to provoke thoughtful opinions from others (a tip of the hat to Dr. Frank Luntz and his wonderful...
How an insurance company is trying to craft eyewear of the future
I had just driven 85 miles north of San Francisco when I finally reached my destination: a bright red building with large floor-to-ceiling windows in downtown Sacramento. The structure's high ceilings ...
Women in Business Q&A: Angela Fox, President/CEO, Crystal City BID
Angela Fox was hired as the first President/CEO of the Crystal City BID in November of 2006. Under her leadership, the Crystal City BID has grown in both size and scope, dramatically changing the way the people see and perceive Crystal City.
'Star Wars' Super Nerd Waits in Line All Night For Toys
Toys may be for kids, but when it comes to one “Star Wars” fan, age is nothing but a number. During an interview with FOX Business Network’s Stuart Varney, 42-year old “Star Wars” super-nerd Mike Avila discussed why he waited in line all night to buy “The Force Awakens” toys.
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