Latest news for BlackRock Global Allocation Inv A(MDLOX) (See analysis on MDLOX)
Aggregared News for BlackRock Global Allocation Inv A(MDLOX) from various sourcesWhat Is Your Emerging-Markets Allocation?
[video] Stattman likes bullish story of Bank of Japan
[video] Pro defensive on bonds
Latest business news
Friday October 31st 2014: Latest financial news from the worldDow, S&P 500 end at record highs; BoJ move adds fuel to rally
By Caroline Valetkevitch NEW YORK (Reuters) - The Dow and S&P 500 ended at record highs on Friday and other indexes posted strong gains for a second week after the Bank of Japan's surprise move to ramp up its stimulus program. Major indexes also posted gains for the month, putting in a sharp recovery from their recent selloff that almost drove the S&P 500 into correction territory. The benchmark index is now up 8.4 percent from its Oct. 15 low and up 9.2 percent for the year so far. The Nasdaq finished at its highest since March 2000, while for the week the Dow rose 3. ...
U.S. consumer spending falters; wage gains highest since 2008
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending fell for the first time in eight months in September, suggesting the economy lost some momentum heading into the fourth quarter. But rising consumer sentiment and faster wage growth suggest the weakness in spending will be temporary, with the economy remaining on firm ground. "The fundamentals ... remain very solid," said Gus Faucher, a senior economist at PNC Financial Services in Pittsburgh. "The conditions are in place for continued above-trend growth. ...
U.S. consumer sentiment at highest since July 2007
NEW YORK (Reuters) - U.S. consumer sentiment rose in October to its highest level since in more than seven years on growing optimism about the economy and more favorable personal financial expectations, a survey released on Friday showed. The Thomson Reuters/University of Michigan's final October reading on the overall index on consumer sentiment finished at 86.9, the highest level since July 2007, up from 84.6 at the end of September. The late October reading was up slightly from its initial figure of 86.4, which was also the expected reading of economists polled by Reuters. ...
Exxon, Chevron results boosted by refining as oil prices slip
(Reuters) - A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp , helping to offset declining oil and gas production and falling crude oil prices. Both companies reported better-than-expected third-quarter profits on Friday, with executives touting the importance of owning massive refineries alongside oil and gas wells. Refining profits tend to rise when oil prices fall, though low prices dent the profitability of wells. Having both in a company stable can allow for a bit of insurance during price swings. ...
Top U.S. oil companies see more pressure to clamp down on spending
By Anna Driver HOUSTON (Reuters) - Top U.S. oil producers, which already were reining in spending before crude prices started to slip in June, are now looking to trim more fat from their budgets while reminding investors they must spend to grow. Exxon Mobil Corp on Friday it would keep its current spending plan intact, though it is about 15 percent less than 2013. ConocoPhillips said it will spend less money next year, and Chevron Corp said it is looking for budget "flexibility." Crude oil prices have slumped 25 percent since June as global supplies grow and demand weakens. ...
UBS cannot arbitrate vs Nasdaq over Facebook IPO: court
By Jonathan Stempel NEW YORK (Reuters) - A divided U.S. appeals court rejected UBS AG's bid to force Nasdaq OMX Group Inc to arbitrate a dispute over the exchange operator's alleged "catastrophic mismanagement" of Facebook Inc's $16 billion initial public offering. The 2nd U.S. Circuit Court of Appeals in New York on Friday said UBS' agreement with Nasdaq to help make a market for Facebook shares did not entitle the Swiss bank to arbitration, in its effort to recoup more than $350 million of losses. ...
Dollar General extends tender offer for Family Dollar shares again
(Reuters) - Dollar General Corp extended its tender offer for shares of Family Dollar Stores Inc to Dec. 31, until after a shareholder vote that will decide the fate of a rival bid by Dollar Tree Inc . Dollar General had received offers for only about 4 million Family Dollar shares of a total 114 million outstanding shares as of Oct. 30, a day before the offer was to expire. Dollar General's perseverance to close a deal highlights its struggles in a weak economy where penny-pinching customers look for more discounts and deals. ...
Canada willing to take action against U.S. over meat labeling
By Alastair Sharp TORONTO (Reuters) - Canada will pursue "any and all remedies" to pressure the United States to drop regulations on meat labeling that Canada considers discriminatory, the country's trade minister said on Friday. Ed Fast, Canada's international trade minister, declined to elaborate on any deadlines for further action. "We have made it very clear that this is a blatant violation of WTO rules, and that we will certainly pursue any and all remedies that we have available to us," Fast told Reuters after talks with U.S. and Mexican counterparts in Toronto on Friday. ...
U.S. Fed awards most reverse repos in over four weeks
NEW YORK (Reuters) - The U.S. Federal Reserve awarded $186.28 billion in fixed-rate reverse repurchase agreements on Friday, the highest amount in more than four weeks, due to strong investor demand for ultra short-dated, risk-free assets at month-end. The central bank has been testing them as a tool to drain cash from the financial system to achieve their interest rate target when it decides to tighten monetary policy. At Friday's operation, the Fed paid 72 bidders including Wall Street firms, money market funds and mortgage finance agencies an interest rate of 0. ...
Japan's central bank shocks markets with more easing as inflation slows
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April. BOJ Governor Haruhiko Kuroda portrayed the board's tightly-split decision to buy more assets as a preemptive strike to keep policy on track, rather than an admission that his plan to reflate the long moribund-economy had derailed. ...
US stocks are mixed in midday trading
NEW YORK (AP) — U.S. stocks drifted in Thursday trading as a parade of big companies turn in quarterly results. The Dow Jones industrial average climbed more than 100 points, almost entirely thanks to a strong gain for Visa, the Dow's highest-priced stock.
US stocks are mixed in early trading
Virgin Galactic's SpaceShipTwo crashes, 1 dead
'Work and Family Month' Shouldn't Need To Exist
During the floor debate for Rhode Island's paid family leave legislation -- which would ultimately pass both houses and would be signed into law on July 11 by Governor Chafee -- State Representative Grace Diaz had this to say: "Most people work to support their families. In difficult times, we need to be with the ones we love. Families come...
The 404 Show 1,574: Halloween episode, Seth Rogen as Steve Wozniak? Starbucks delivery (podcast)
Amazon diversity report no surprise, largely male and white
Dear Corporate America: Stop Whining and Give Millennials What They Want
Let me start off by saying even as a Millennial myself, I am sick of hearing about Millennials. It seems like it is almost impossible these days to pick up a newspaper, read a blog or even watch the news without hearing about the loved and hated Generation Y: what they want, what they don't want, why they suck, why they are awesome, and why...
Amazon Fire Phone burns on
Roku adds Google Play channel
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BlackBerry Messenger lets you take back that text
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Get a Kindle Fire HD 8.9 with 4G LTE for $159
Sunlight glints off Saturn moon's seas in dazzling NASA image
Sony posts $1.2 billion loss as mobile business falls off a cliff
Amazon exec: Fire Phone was overpriced
3D-printed T. rex roars water onto your body
How Google tricks itself to protect Chrome user privacy
What Oil Is Telling You
Since its recent peak at the end of June, the price of oil has dropped more than 20 percent. As a consequence, the S&P 500 Energy index has suffered a decline of about 15 percent over the same time frame (compared to a small increase for the overall index). The drop in oil (and corresponding drop in energy stocks) is causing much...
Android stays 'unbeatable' in smartphone market -- for now
Sprint extends $20 lease program to Galaxy S5, Galaxy S5 Sport
Huawei does the Honors in CNET UK podcast 409
Low Latency 113: Bro band
Samsung has a moment, topping Apple in phone activations
A 3.85mm-thick phone? Chinese company Vivo says it's coming
Crave Ep. 181: Grasp and feel objects in a virtual environment with the Dexmo VR Glove
HTC swings to slim profit, but sales still down in 'challenging quarter'
Telenor partners with Opera in Myanmar to help relieve bandwidth overload
Nikkei Soars As Bank Of Japan Announces Unexpected Stimulus Measures
TOKYO (AP) — Japan's central bank surprised the financial world and pleased investors Friday by intensifying its purchases of government bonds and other assets to try to revive a chronically anemic economy.The Bank of Japan's move to pump trillions more yen into the financial system is intended to stimulate spending in the world's...
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