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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Wednesday November 25th 2015: Latest financial news from the worldAsian shares edge up, euro under pressure as ECB looms
Asian shares advanced in early trade on Thursday, while growing bets the European Central Bank was gearing up to deliver further stimulus steps kept the euro under pressure. MSCI's broadest index of Asia-Pacific shares outside Japan edged up about 0.4 percent, after Wall Street put in a nearly flat performance ahead of the U.S. Thanksgiving holiday. Japan's Nikkei added 0.5 percent in early trade.
Big banks accused of interest rate-swap fixing in class action suit
NEW YORK (IFR/Reuters) - A class action lawsuit, filed Wednesday, accuses 10 of Wall Street’s biggest banks and two trading platforms of conspiring to limit competition in the $320 trillion market for interest rate swaps. The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse, Barclays, BNP Paribas, UBS, Deutsche Bank, and the Royal Bank of Scotland of colluding to prevent the trading of interest rate swaps on electronic exchanges, like the ones on which stocks are traded.
Pimco, others sue Citigroup over billions in mortgage debt losses
According to a complaint filed Tuesday night in a New York state court in Manhattan, Citigroup breached its duties as trustee for the 25 private-label trusts dating from 2004 to 2007 by ignoring "pervasive and systemic deficiencies" in how the underlying loans were underwritten or being serviced. The investors said Citigroup looked askance at the loans' "abysmal performance" out of fear it might "jeopardize its close business relationships" with loan servicers including Wells Fargo & Co and JPMorgan Chase & Co, or prompt them to retaliate over its own problem loans.
HP Inc plunges after printer business underwhelms
Shares of HP Inc, which houses former Hewlett-Packard Co's legacy hardware business, plunged 16.3 percent on Wednesday after the company's lackluster results fueled concerns about its ability to weather a slowdown in the printer and PC markets. HP Inc's revenue from both its printer and PC businesses fell 14 percent each in the fourth quarter, their worst performance in the year ended Oct. 31, and forecast current-quarter profit below market expectations. HP Inc Chief Executive Dion Weisler called the printing business a "much greater challenge" than the PC business.
U.S. data points to moderate fourth-quarter growth
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter. Anemic consumer spending did little do change expectations that the Federal Reserve will raise interest rates next month as other data on Wednesday showed a surge in business spending plans in October and a drop in new applications for unemployment benefits last week. The Commerce Department said consumer spending edged up 0.1 percent after a similar increase in September.
GM, law firm can keep ignition switch documents secret: U.S. judge
By Jonathan Stempel NEW YORK (Reuters) - General Motors Co and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in their vehicles, a Manhattan federal judge ruled on Wednesday. Despite finding "probable cause" to believe GM committed a crime or fraud by hiding the defect from regulators and the public, U.S. District Judge Jesse Furman found no showing that the automaker and King & Spalding produced the documents with an intent to further such misconduct. Vehicle owners said the deception justified a waiver of attorney-client privilege.
Brent, U.S. crude futures flat on light U.S. Thanksgiving trade
FanDuel, DraftKings fight threatened shutdown in New York
Daily fantasy sports companies DraftKings and FanDuel urged a New York judge on Wednesday to spare them from a potentially crippling shutdown in one of their top markets by ruling that their contests do not constitute illegal gambling. "Chance pervades fantasy sports," McGee said. The hearing in New York Supreme Court came after the state's attorney general, Eric Schneiderman, went to court last week seeking to halt DraftKings and FanDuel from offering the highly popular online games in New York, which has more daily fantasy sports players than any other state, according to Eilers Research.
Fed gives largest U.S. banks extra year for debt rule calculation
By Dan Freed NEW YORK (Reuters) - The Federal Reserve said on Wednesday that bigger U.S. banks would have an extra year to calculate a capital requirement known as the supplementary leverage ratio. Institutions subjected to the leverage ratio requirement will have to show regulators what the ratio would be in a stressed scenario beginning in 2017.
NXP wins U.S. antitrust approval to buy Freescale Semiconductor
WASHINGTON (Reuters) - NXP Semiconductors N.V. has won U.S. antitrust approval to buy Freescale Semiconductor Ltd, a deal worth $11.8 billion, on condition that it sell its radio frequency power business, the Federal Trade Commission said on Wednesday.
Unemployment rates fall in two-thirds of US states
Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
Steam Controller's new trick is designed for strategy games
By default, the haptic touchpads that define Valve's Steam Controller are just thumb-friendly fill-ins for a proper mouse -- but that's not all they can do. Thanks to a new Steam client beta update, the ...
Amazon Prime will reportedly offer access to other video services
Normally, signing up for a streaming video service only gives you the content from that service, leaving you heading elsewhere when a TV network decides to hoard all its shows. If rumors are true, though, ...
Most APAC finance execs lack insights for decision making
Some 83 percent of finance professionals in the region say their firms don't have capabilities in advanced analytics to support decision making, while half feel ill-equipped to generate meaningful analysis, reveals SAP survey.
Horror movies to be thankful you survived watching
President signs pro-asteroid mining bill into law
And just like that, American asteroid mining efforts are legal. President Obama has signed the US Commercial Space Launch Competitiveness Act (CSLCA) into law following Congress' approval, letting companies ...
Hurdles notwithstanding, India's cloud services market set to grow
'Tech Tats' are temporary biosensors with cyborg style (Tomorrow Daily 278)
Chaotic Moon's "Tech Tat" is designed to be a temporary biomonitor. It can be placed anywhere on the human body, making it more discreet than a wrist wearable, and biometrics it gathers are sent to an easy to use app.
Your Black Friday shopping survival guide
Exploit Variability, Don't Eliminate It
The software business is complex.This is almost a cliché -- but we don't really understand what "complexity" actually means, or how to handle it well. Most big software operations spend a lot of energy trying to get rid of complexity when they should be embracing it. This, more than anything else, is their downfall.If you don't understand...
Pay what you want for 'The X-Files' comics on Humble Bundle
Microsoft rolls out a basic phone that's big on selfies
Microsoft today introduced the Nokia 230, a successor to the Nokia 130 from last year. In similar fashion to its predecessor, this new handset is geared toward developing markets as well, featuring a straightforward ...
3 Reasons You Will Get a Raise in 2016
It's that time of year again. Will you or won't you? And I am not talking about getting an ugly sweater from Aunt Nancy. That's a sure thing. I am talking about the review that takes place for tens of millions of folks this time of year and something you really care about -- is your paycheck going to swell? Money isn't everything, but it surely...
Your last chance to become a sci-fi author and save the multiverse
Type these words into Google to awaken the Force
This holiday, Verizon will let you gift gigs of data for $10
Verizon announced a new promotion on Tuesday that will allow its customers to "gift" a gigabyte of mobile data to other users on the network. The offer is available through both the Verizon Messages ...
Batman: Arkham Knight PC patch notes include bug fixes and more
Check out the complete changelog for Arkham Knight's latest patch right here.
Rainbow Six Siege open beta delayed
Price increase for Dying Light expansion and DLC pass announced
Here's how much the upcoming expansion The Following and the DLC pass will cost starting next month.
Assassin's Creed Syndicate Patch Notes for Xbox One and PS4 Released
PlayStation Plus free games of December 2015 for PS4, PS3, PS Vita
Sony is closing out the year with these six free games for subscribers.
Apple wants you to have a saccharine, Stevie Wonderful Christmas
Electric vehicles can keep quiet for a little while longer
Airbus' detachable cabin concept could save you time at the airport
There are probably plenty of things that frustrate you about air travel, but waiting to take off or disembark is probably high on your list. Why should you have to board well before the plane is ready ...
Dead or Alive Xtreme 3 is too sexist for Europe and US
Dead or Alive Xtreme 3, the game where you play volleyball as scantily clad women, won't be making its way to the US or Europe. Apparently, the game's publisher is worried about how Western audiences will ...
'Dragons Lair' movie project leaves Kickstarter, heads to Indiegogo
Don't worry, Dragon's Lair fans, the proposed feature-length project is still happening -- but it won't be raising money on Kickstarter. Creators Don Bluth and Gary Goldman have cancelled their original ...
Toyota reverses position, will replace millions of Takata airbag parts in Japan
T-Mobile offers Sprint customers $200 credit to switch
Google scours 1.2 million URLs to conform with EU's 'right to be forgotten'
While still fighting it in the courts, Google has been complying with the EU's 'right to be forgotten' ruling. In a transparency report, the search giant stated that is has evaluated 1,234,092 URLs from ...
When should you upgrade to a 4K TV?
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