Latest news for BlackRock Global Allocation Inv A(MDLOX) (See analysis on MDLOX)
Aggregared News for BlackRock Global Allocation Inv A(MDLOX) from various sourcesOverview of BlackRock Global Allocation Investor A Fund (MDLOX)
Latest business news
Tuesday June 28th 2016: Latest financial news from the worldWall Street climbs after Brexit-sparked selloff
Morgan Stanley , Bank of America , Citigroup and JPMorgan were all up more than 2.5 percent while Goldman Sachs rose 1 percent. Global equities commenced a downward spiral on Friday as investors scrambled to safe havens such as the yen and gold after the referendum threw questions over the future of the European Union.
U.S. first-quarter GDP revised up, Brexit risk to outlook
U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, with gains in exports and software investment partially offsetting weak consumer spending. Gross domestic product increased at a 1.1 percent annual rate, rather than the 0.8 percent pace reported last month, the Commerce Department said on Tuesday in its third GDP estimate. "The test comes in the next few months as the turbulence in financial markets may affect consumers' behavior and also weigh on business investment," said Ryan Sweet, senior economist at Moody's Analytics in West Chester, Pennsylvania.
VW agrees to buy back diesel vehicles, fund clean air efforts
By David Shepardson and Joel Schectman WASHINGTON (Reuters) - German automaker Volkswagen AG will pay as much as $15.3 billion after admitting it cheated on U.S. diesel emissions tests for years, agreeing to buy back vehicles from consumers and provide funding that could benefit makers of cleaner technologies. A deal formally filed by the Justice Department on Tuesday will provide the largest-ever automotive buyback offer in the United States. The proposed consent decree confirmed that VW will set aside $10.033 billion to cover buybacks or potential fixes for diesel cars and sport utility vehicles that used illegal software to defeat government emissions tests.
Taiwanese chip supplier says Apple conservative on orders: Nikkei
(Reuters) - Taiwanese chip firm Advanced Semiconductor Engineering Inc said on Tuesday that its biggest customer, Apple Inc, was being more conservative in placing orders compared with last year, according to the Nikkei. The business daily reported in May that component suppliers in Taiwan would receive fewer orders from Apple in the second half of 2016. Apple usually launches its flagship iPhone in September.
IKEA recalls 36 million chests, dressers after six deaths
Swedish furniture retailer IKEA Group is recalling almost 36 million chests and dressers in the United States and Canada that have been linked to the deaths of six children, the U.S. Consumer Product Safety Commission said on Tuesday. The recall covers six models of MALM chests or dressers manufactured from 2002 to 2016, as well as about 100 other families of chests or dressers, it said. Two U.S. toddlers died in separate 2014 incidents when MALM chests fell over on them.
Katzenberg sued over 'side deal' to Comcast-DreamWorks merger
By Tom Hals WILMINGTON, Del. (Reuters) - Jeffrey Katzenberg, DreamWorks Animation SKG Inc's chief executive, has been hit with a proposed class action lawsuit over what a minority shareholder called an "extraordinarily valuable" side deal he struck as part of the $3.8 billion sale of the studio to Comcast Corp . Comcast, the owner of NBCUniversal and the largest U.S. cable distributor, agreed in April to pay $41 in cash per DreamWorks share and Katzenberg agreed to vote his controlling stock for the deal, assuring investor approval.
EU regulators readying third Google antitrust charge: sources
Alphabet's Google may face a third EU antitrust charge as soon as next month, this time focusing on its revenue mainstay AdWords ad placement service, three people familiar with the matter said on Tuesday. The world's most popular Internet search engine is already under fire from the European Commission for promoting its shopping service at the expense of rivals and for using its Android mobile operating system for smartphones to squeeze out competitors. The Commission has asked Google rivals to share information related to search advertising with the tech giant, a step suggesting the EU competition enforcer could be poised to hit Google with a fresh charge, the sources said.
Soros had Deutsche Bank 'short' bet at time of Brexit fallout
Billionaire investor George Soros took out a bet of more than 100 million euros ($111 million) that Deutsche Bank shares would fall at the time of Britain's vote to quit the European Union, according to a regulatory filing. Soros, who is renowned for successfully betting against the pound in 1992, had a "short" position of 0.51 percent or about 7 million Deutsche Bank shares on June 24, the filing shows. Deutsche Bank shares have fallen about 17 percent since June 23, the day of the referendum, which could make Soros millions of dollars.
Lending Club alleges ex-CEO took loans to boost volumes
Laplanche and his family took out the loans from Lending Club in December 2009, just months before the company announced a major capital raising from outside investors. Loan volumes are a key metric for investors to determine online lenders' value. A spokesman for Laplanche declined to comment.
America Movil to pay $1.1 million to settle FCC probe
WASHINGTON (Reuters) - Puerto Rico Telephone Company and its parent company, America Movil of Mexico, will pay $1.1 million to resolve a U.S. investigation over foreign ownership levels, the Federal Communications Commission said on Tuesday.
Bose helps kids build their own speaker with a $149 kit
Facebook add-ons save and share stories in Chrome
Clinton's tech policy includes student loan relief for startups
Don't forget to floss: App tells you how nice your smile is
Google Project Fi now siphons service from US Cellular coverage, too
Sprint and T-Mobile fuel Google's wireless telephony service, and now US Cellular lends its strength to a growing Fi.
Ride service Lyft may be shopping itself around
The first episode of the new Transformers animated series is available now
Microsoft revamps pushy Windows 10 upgrade process
Where Volkswagen's $5 billion environmental payout is going
Report: New security threats costing businesses $1 million an incident, flash performance suffers
Gene editing can end disease and fight global famine
Stratasys teams with Japanese automaker to customize cars with 3D printing
If Google built a phone -- well, it's complicated
The Moto G4 and G4 Plus head to the US July 12th
VR game transforms you into monstrous girl from 'The Ring'
It's happening: Volkswagen's $15 billion diesel settlement covers buybacks, repairs
One picture can unlock all your apps
Amazon's new Dash buttons restock Nerf, Play-Doh and more
How to start using Google Now on Tap in Android Marshmallow
With a click, Amazon adds Dash buttons for Play-Doh, Campbell's and even fish oil
Engadget giveaway: win a PowerCache 220 courtesy of Monoprice!
A rare helium mother lode has been found in Tanzania
Ask Alexa to add new features to your Amazon Echo
Windows 10 U-turn: Microsoft admits upgrade push was 'confusing'
Airbnb sues to block new San Francisco rental law
Hacker claims to have 655,000 health care records for sale
China cracks down on mobile app developers
VW agrees to $14.7 billion settlement over US diesel claims
Developers will cheat on their cloud provider for better security, new survey says
Microsoft's hand-tracking magic may lead to gamepad-free VR
Search news on another fundClick here to search for fund symbol