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[video] Stattman likes bullish story of Bank of Japan
[video] Pro defensive on bonds
Latest business news
Thursday December 18th 2014: Latest financial news from the worldFranc falls as Swiss go sub-zero; stocks jump after Fed
LONDON (Reuters) - The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year.
Oil jumps three percent to $63 as energy firms slash investments
LONDON (Reuters) - Brent crude jumped 3 percent to above $63 a barrel on Thursday, extending a rebound from five-year lows this week as oil's six-month price rout forced more energy firms to cut investments in new production.
Fed confident on U.S. growth, opens door wider to rate hike
By Howard Schneider and Michael Flaherty WASHINGTON (Reuters) - The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy. Closing out a two-day meeting against a backdrop of solid domestic growth but trouble overseas, the U.S. central bank said it would take a "patient" approach in deciding when to bump borrowing costs higher. ...
Russian ruble weakens as traders see no major measures in Putin speech
MOSCOW (Reuters) - The ruble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at his end-of-year news conference. At 0954 GMT (04:54 a.m. EST), the ruble was around 3 percent weaker against the dollar at 62.04 after opening more than 1 percent higher. The rouble was also around 2 percent weaker versus the euro at 76.50 on the Moscow Exchange. ...
Takata says has sufficient funds to deal with recalls: Nikkei
TOKYO (Reuters) - Air bag maker Takata Corp has sufficient funds to deal with a global recall that has climbed to about 21 million vehicles after five deaths linked to its products, the company executive told the Nikkei newspaper. Takata CEO Shigehisa Takada, the grandson of the company founder, said it was analyzing collected inflators to determine the cause of defects with its air bags, which can explode with excessive force and spray shrapnel into cars. Takada, whose family owns nearly 60 percent of the company, has not made a public appearance since an annual shareholder meeting in June. ...
Deutsche Bank says to review strategy, no comment on Postbank sale report
By Thomas Atkins FRANKFURT (Reuters) - Deutsche Bank AG said it would review its strategy in 2015 after a business magazine said it was considering major changes, possibly including the sale of its Postbank-branded retail unit and a revision of its profit targets. However, in comments following a report by Manager Magazin, Germany's biggest lender said it would be irresponsible to speculate on the sale of any business and declined further comment. ...
U.S. consumer prices fall on gasoline; rate hike likely in 2015
WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, but did little to change views the Federal Reserve would start raising interest rates in mid-2015.
Top Herbalife salesman acknowledges high failure rate in video
BOSTON (Reuters) - A top Herbalife salesman said that most people who sell the company's weight loss and nutrition products are doomed to fail, adding fresh grist to accusations by a hedge fund manager that the company is a fraud. "We sell people on a dream business that they can make it yet deep down inside what do we really know? Yeah we know that the reality is that most of them are not going to make it," Stephan Gratziani said at a 2005 distributor training session. Gratziani is a member of Herbalife's elite Chairman's Club sales team. ...
Boeing to make 754 commercial jet deliveries in 2015: trade group
By Alwyn Scott SEATTLE (Reuters) - Boeing Co will deliver a record 754 commercial aircraft in 2015, an increase of up to 5.5 percent, the U.S. Aerospace Industries Association forecast on Wednesday, reflecting expectations of steadily rising production at the world's biggest plane maker. The Washington, D.C.-based trade group said its forecast is based on information supplied by Boeing, and comes amid concern that Boeing may have to cut production of some models to keep the assembly lines from running out of orders. ...
Airbus reshuffle prepares planemaker for record jet output
By Tim Hepher PARIS (Reuters) - A management reshuffle at Airbus this week marks another step towards focusing Europe's biggest aerospace company on industrial performance rather than the political interests of key shareholders France and Germany, industry sources said. But Tuesday's announcement also includes a nod towards national sensitivities, while not letting these dominate the choice of industrial leadership as Airbus prepares to crank up production to meet an 8-year waiting list, they said. ...
General strike shuts down services across Greece
ATHENS, Greece (AP) — Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demonstrations to protest further austerity cuts in the cash-strapped country.
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.
US stocks edge higher in afternoon trading
Stocks were on track to finish higher Thursday afternoon for the second day in a row as investors drew encouragement from reports on Chinese manufacturing, U.S. home sales and some positive earnings from Best Buy, Dollar Tree and other retailers.
US stocks edge higher in midday trading
Major stock indexes shifted higher in midday trading Thursday, getting a lift from an encouraging report on Chinese manufacturing and some positive earnings from Best Buy, Dollar Tree and other retailers. The market also got a boost from data showing modest improvement in sales of previously occupied homes.
US stocks are mixed in early trading
Amputee simultaneously controls two prosthetic arms with his mind
Snapchat CEO 'devastated' by email leak in Sony hack
LG to show off webOS 2.0 smart TV at CES 2015
Have a merry Sithmas with this 'Star Wars' music parody
Intel to power two new 4G Lenovo smartphones in early 2015
Curiosity has discovered organic matter on Mars
Steve Jobs video in iPod lawsuit to stay under wraps, judge rules
This is what happens when severe turbulence hits a plane
Sony cancels 'The Interview' as US links hack to North Korea
Bowing to pressure from hackers who threatened theatergoers with a terrorist attack, Sony halts release of the comedy focused on North Korea as the US says it has evidence North Korea was behind the attack.>
Microsoft likens Google to knucklehead, then changes its mind
BlackBerry CEO Talks 'Classic' Debut, Strategy
BlackBerry CEO John Chen unveiled the company’s new smartphone at an event at Cipriani restaurant in Manhattan Wednesday.
Why send a Christmas card when you can send a 100-foot-tall gif?
Sprint faces federal lawsuit over illegal 'cramming'
The 404 Show 1,596: It's the end of an era with Steve Guttenberg (podcast)
State Dept. said to have OK'd 'The Interview'
Have yourself an ugly Christmas sweater, by renting one
The Secret of Ugly Sweater Day
To date, we've been fortunate enough to acquire three great companies, which have enhanced our reach and expanded our breadth of services. That would be all well and good by itself, but the ability to build a cohesive group of folks with many different work experiences is quite another thing.As I write, today is Ugly Sweater Day 2014. It...
Top 5 Tips for Balancing Business and Family
Being a parent and an entrepreneur is amazing. It gives you the ability to work while raising a family. However, challenges of juggling all the roles can at times get daunting. Adding a busy holiday season doesn't help. However, I have found ways to make this juggling act a lot easier. 1.Write out a list of all the tasks (for your business and...
Priest jams cell phones in church
Sony Scraps 'The Interview' Debut After Hacker Threat
Sony canceled plans for a Christmas Day release of its controversial upcoming film "The Interview" following a new spat of threats from hackers.
Patient Fed Energizes Markets
Stocks were positive all throughout the session ahead of the FOMC meeting and oil prices found some consistency. The markets extended those gains further following the Fed’s announcement that while economic activity is expanding, it could remain patient in enacting interest rate hikes and planned to keep rates at market friendly low levels for a ‘considerable’ time.
Monosyllabic Yo app gets more talkative for the holidays
The Force is with this 'Star Wars'-themed light show
Fed In No Hurry to Raise Rates
The Fed surprised most everyone by essentially doubling-down on its dovish policy of keeping interest rates at near-zero for the foreseeable future.
Flour Power: Women Chefs Reap Just Desserts in Food & Wine and White House
The proof is in the pudding this year. Women chefs cracked the "glacé" ceiling repeatedly to achieve record "first female" milestones in culinary history, magazines, James Beard Awards, the White House and Michelin guides.According to Dana Cowin, longtime Editor-In-Chief of Food & Wine: To help encourage the ongoing and important...
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