Latest news for BlackRock Global Allocation Inv A(MDLOX) (See analysis on MDLOX)
Aggregared News for BlackRock Global Allocation Inv A(MDLOX) from various sources25 Funds Investors Are Dumping
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[Morningstar] - While rebalancing in a pure form will do a better job of controlling risk, these strategies can help add a contrarian tilt to a portfolio.
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Latest business news
Saturday August 1st 2015: Latest financial news from the worldOnly a payrolls surprise could shake stalling market
Unless next week's payrolls report is an outlier, investors should expect a continuation of the directionless market that has kept the S&P 500 trading in place for most of the year. Should July post strong job gains, it would point to an economy strong enough for the Federal Reserve to raise interest rates for the first time in almost a decade.
Pacific Rim free trade talks fall short of deal
By Ami Miyazaki and Krista Hughes LAHAINA, Hawaii (Reuters) - Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership, which would stretch from Japan to Chile and cover 40 percent of the world economy, fell just short of a deal at talks on the Hawaiian island of Maui but were confident an agreement was within reach. "The undergrowth has been cleared away in the course of this meeting in a manner that I would say is streets ahead of any of the other ministerial meetings that we have had," New Zealand Trade Minister Tim Groser said.
U.S. wage growth brakes in second-quarter; consumer sentiment slips
U.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labor market slack. The surprisingly smaller rise reported by the Labor Department on Friday did little to temper expectations that the Federal Reserve is set to raise interest rates later this year. The job market is fast approaching full employment.
Goldman tentatively agrees to pay $270 million to settle lawsuit: source
Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Pension funds led by NECA-IBEW Health & Welfare Fund of Illinois accused the bank of misleading investors about the risks associated with mortgage securities offerings. NECA-IBEW, an electrical workers' pension fund, owned some mortgage-backed certificates underwritten by Goldman.
Puerto Rico will fail to make Aug.1 payment, signaling default
Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island's debt, totaling $72 billion, was unpayable and required restructuring. According to a 2014 bond offering statement, Puerto Rico has never defaulted on the payment of principal or interest of debt. "Tomorrow is Aug. 1 and we don't have the money," Victor Suarez, chief of staff for Puerto Rico's governor, told journalists in San Juan, referring to a $58 million payment due on Public Finance Corporation (PFC) bonds.
Wall Street ends lower as weak oil weighs
Yahoo buys fashion website Polyvore
(Reuters) - Yahoo Inc said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings. Yahoo, which did not disclose terms of the deal, said Polyvore will accelerate its 'Mavens' growth strategy. The company has been focusing on four areas — mobile, video, native advertising and social — which it calls Mavens, to drive user engagement and ad sales as it battles intense competition from Google Inc and Facebook Inc .
Tumbling oil prices slam profit at Exxon Mobil, Chevron
Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Earnings at U.S. oil majors Exxon, which were the worst in a decade, and Chevron missed analysts' expectations, adding to concerns that perhaps executives had not acted quickly enough to mitigate the impact of an over-50-percent drop in oil prices since last summer. The results highlight how smaller and more nimble U.S. shale oil companies have slashed costs faster and more aggressively than global majors.
Who needs the Fed? The rate hike cometh on its own
As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market are not waiting around. A wide range of short-term interest rates, which tend to be the most sensitive to Fed policy expectations, has been quietly grinding higher for weeks, or in some cases much longer. Several have even surpassed their levels of two years ago during the bond market's "taper tantrum," when prices dropped steeply and yields shot up as the Fed pondered whether to halt its massive asset-purchase program.
BofA likely to hold vote this year on Moynihan chairmanship: source
Bank of America is likely to hold a shareholder vote this year to determine whether Chief Executive Brian Moynihan should be allowed to retain his title of chairman of the bank's board, a person familiar with the matter said on Friday. In October, Moynihan was named chairman in addition to CEO, a move that angered some investors. Bank of America announced just before its annual meeting in May that it would allow shareholders to hold a vote on whether Moynihan should retain the chairmanship.
PlayStation Plus members will soon vote on what games go free
Sure, PlayStation Plus subscribers are used to getting "free" games every month, but they haven't had any say about what the gratis titles would be. Until now. With Vote to Play, you'll have ...
Surgeons practice on 3D-printed models for kids' operations
Surgeons at Boston Children's Hospital started using 3D-printed copies of patients' affected body parts to prepare for procedures last year. Now, that move has helped save the lives of four children aged ...
Former Mt. Gox CEO arrested in Japan over missing bitcoin
It's been months since Tokyo police revealed their belief that the Mt. Gox bitcoin heist was an inside job, and tonight they arrested its former CEO, Mark Karpeles. Some 650,000 bitcoin still remain unaccounted ...
US reportedly planning to scare off China's hackers, somehow
So how will the US government respond to a recent spate of attacks by hackers, including one that extracted an unprecedented amount of data on government employees from the Office of Personnel Management ...
Think Design Think
Fields from science to politics to business are looking to design for inspiration, alternative processes, and new solutions. Design negotiates between technology, policy, systems and users. A structured design approach can heighten the hit-rate in the fuzzy front end of innovation processes in public and private sectors. As a result, design has...
FDA tells hospitals to ditch IV pumps that can be hacked remotely
The Food and Drug Administration "strongly encourages" hospitals to stop using Hospira's Symbiq Infusion System, because it's vulnerable to cyberattacks that would allow a third party to remotely ...
You can delete Samsung's phone bloatware in China
Samsung isn't waiting around for the verdict of a Chinese lawsuit over bloatware to take action. The company will offer patches in August that let local Android phone owners delete unwanted pre-installed ...
The UK's National Museum of Computing opens its Summer Bytes festival for kids
Yahoo's latest purchase is digital fashion community Polyvore
Marissa Mayer opened up the Yahoo warchest once again, and this time it was to buy the "leading social shopping site," Polyvore. Yahoo's purchasing the whole kit and caboodle from the sounds ...
Security researcher: Globalstar GPS at risk of hackers
As is the case with seemingly anything that connects to the internet these days, a security researcher has found that GPS devices which connect to the Globalstar satellite network are vulnerable to man-in-the-middle ...
Dreamers and Disruptors: How the Evolution of Silicon Valley is Reshaping Our World
The earliest companies in Silicon Valley were created by dreamers. Driven by visions of an improved future, these dreamers built entirely new areas of technology, including semiconductors, computers and networking. But those ventures also laid the groundwork for companies today, which are using that technology to bring massive change to the...
Stocks Close Lower on Final Trading Day in July
U.S. stocks closed the final trading session of July slightly lower, but posted monthly gains.
Yahoo nabs social shopping site Polyvore to boost digital ad strategy
Marine Corps finally declares the F-35B ready for combat
After years of testing and development, production setbacks and cost overruns and more than half a trillion dollars invested, the F-35B fighter jet has finally passed its biggest milestone to date: it's ...
How blockchain is likely to transform IT and business
The technology underpinning the well-known cryptocurrency, Bitcoin, is really the star of the show. Here's why Blockchain will almost certainly lead to a digital transparency and trust revolution near you.
I've been unemployed before and, pardon my french, it truly sucks. It's stressful, annoying, unfortunate and can even be a little embarrassing. There could be a million different reasons why you're unemployed, but you should let exactly zero of them define who you are as a professional or as a person. Consider a few things before you fall into...
Federal Court's data breach decision shows new tilt toward victims, class-action lawsuits
Kim Dotcom promises to launch an open-source competitor to Mega
Third time's a charm. Kim Dotcom -- creator of Megaupload and Mega file-sharing sites, New Zealand politician, US fugitive -- plans to launch a third cloud-storage company when his existing non-compete ...
Is This Market Going Nowhere?
I’ve seen a lot of different kinds of markets. But I’m not certain I’ve ever seen a market that has gone nowhere for so long!
'Miracle on Ice' Goalie Seeks $5.7M for Memorabilia
Jim Craig, the goalie on the “Miracle on Ice” hockey team, plans to sell his collection of memorabilia from the 1980 Winter Olympics. The asking price: $5.7 million.
Week Ahead: July Jobs Report
The July jobs report is the highlight of next week’s economic calendar with the Federal Reserve watching closely for sustained momentum in the all-important labor sector.
HBO is selling 'Game of Thrones' S5 downloads earlier than usual
In another sign that HBO is trying to convert some of the numerous Game of Thrones pirates into paying customers, the network announced that season five will be the first one available for downloaders ...
IBM, Cloudera, Amazon announcements: Big Data news roundup
These disposable vapes let you huff your caffeine instead of drink it
Dammit, Logan. I'm glad it's your first day working at this coffee shop; congrats on getting hired and all. But dude, seriously, I don't have time to waste waiting for you to fish that beard hair out of ...
The best of Public Access Vol.7: online security and Android frustrations
Microsoft set the world on fire this week with the release of Windows 10 as a free download for existing Windows users. And in our review of the OS, we found that Edge, Windows 10's new web browser, is ...
U.S. District Judge rules mobile-phone tracking does require a warrant
Mini review video: our verdict of Windows 10 in 45 seconds
Didn't read all the way through our nearly 3,700-word review of Windows 10? You really should: Devindra makes some good points. That said, if you're short on time, or just have a hopelessly short attention ...
Rinkins Report: Noted Author and Speaker Touts Faith-Fueled Leadership
In an increasingly diverse and competitive economic climate the demand for growth and results is insatiable and unwavering. Noted author and speaker Joshua Fredenburg travels the country training corporate and college audiences on the skills necessary to consistently create value through faith-fueled leadership."Leadership is an ability to...
5 Signs You Are a Expert Product Manager
Leading a product team is invigorating. As the CEO of the product, the product manager has one of the best jobs in the company as well as one of the hardest. Make the wrong decisions and you're a failure. But, define the right product for the right customer at the right time and you are a star.Becoming a master product manager takes time,...
Japan's ridiculous robot hotel is actually serious business
"My name is Yoshiyuki Kawazoe. This is my hotel." The University of Tokyo's associate professor of architecture gestures behind himself to a flat, two-story building that doesn't really look ...
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