News on Permanent Portfolio Fund (PRPFX)Thursday October 30th 2014
Latest news for Permanent Portfolio(PRPFX) (See analysis on PRPFX)
Aggregared News for Permanent Portfolio(PRPFX) from various sourcesWhy Republicans are rooting for the Kansas City Royals
[at MarketWatch] - Like many investment theories, the World Series Predictor is supposed to show a link between two events, writes Mark Hulbert.
[video] 'Hedge your bets' amid geopolitical turmoil: Pro
Is the 'Permanent Portfolio' Permanently Broken?
[at TheStreet] - Mutual funds and exchange-traded funds based on the concept of a 'permanent portfolio' face rough sledding because of the prospects for bonds and gold.
Latest business news
Thursday October 30th 2014: Latest financial news from the worldBusinesses, trade to support U.S. third-quarter growth
By Lucia Mutikani WASHINGTON (Reuters) - A robust pace of business spending likely buoyed U.S. economic growth in the third quarter, a sign corporate chieftains have confidence in the sustainability of the recovery. Gross domestic product likely grew at a 3.0 percent annual pace, according to a Reuters survey of economists, with housing, trade, government and consumers also lending support. While that would be a step down from the second quarter's brisk 4.6 percent pace, it would the fourth quarter out of five that the economy has expanded at or above a 3 percent clip. ...
Dollar surges as Fed ends QE on hawkish note
By Jamie McGeever LONDON (Reuters) - The dollar surged to a three-week high, bond yields rose and gold fell on Thursday after the U.S. Federal Reserve ended its six-year quantitative easing bond-buying program. The decision was widely expected, but a relatively hawkish tone to the accompanying statement was not. It prompted financial markets to rethink the growing consensus that the Fed's first interest rate hike would be late in 2015. Stock market reaction was more mixed. Asian shares mostly fell, following a slight decline on Wall Street overnight. ...
European bank ADRs among biggest premarket movers
By Ryan Vlastelica NEW YORK (Reuters) - U.S.-listed shares of major European banks were among the biggest movers of the premarket session on Thursday, continuing to see weakness ever since the results of the European Central Bank's stress tests were published over the weekend. The Euro STOXX banking index fell 2.9 percent and is down 6.6 percent so far this week, putting the index on track for its biggest weekly decline since September 2012. Among the most active names, Deutsche Bank fell 3.4 percent to $30.13 on the New York Stock Exchange, while Barclays Plc was off 1 percent at $14. ...
Thomson Reuters posts revenue rise on legal and tax & accounting
(Reuters) - Thomson Reuters Corp on Thursday reported a 1 percent rise in revenue because of growth in its Legal and Tax & Accounting businesses. The news and information company said third-quarter revenue from ongoing businesses was $3.1 billion before currency changes, compared with analysts' expectations of $3.09 billion, according to Thomson Reuters I/B/E/S. Revenue at the company's Financial & Risk business fell 2 percent to $1.62 billion. "It is particularly encouraging to see sales trends continue to improve in both our financial and legal businesses alongside consistent strong performance from our other units," Chief Executive Officer Jim Smith said in a statement. Tax & Accounting revenue rose 13 percent to $301 million.
ConocoPhillips 3rd-quarter profit up on Nigeria asset sale
(Reuters) - ConocoPhillips, the largest U.S. independent oil company, reported higher third-quarter profit on Thursday, lifted by the sale of its Nigerian business. Over the last several years, Conoco has shed lower-margin assets, directing more capital to projects like shale drilling in the United States that offer higher returns and higher production growth. Profit rose to $2.7 billion, or $2.17 per share, from $2.5 billion, or $2.00 per share, in the 2013 third quarter. ...
Time Warner Cable loses more video customers in latest quarter
Time Warner Cable lost a net 184,000 household video customers in the three months ended Sept. 30, far more than the 136,000 that market research firm StreetAccount had estimated. The company, which is being acquired by market leader Comcast Corp for $45.3 billion, lost a net 152,000 customers in the April-June quarter. Comcast reported higher quarterly revenue and income last week as more people signed up for high-speed internet and fewer customers dropped their cable subscriptions. As of Sept. 30, Time Warner Cable had 10.8 million household video subscribers, down from 11.4 million a year earlier.
Samsung seeks smartphone revamp to arrest profit slide
By Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd on Thursday said it would revamp its smartphone line-up to take on competitors in the rapidly growing mid-to-low range segment, after third-quarter earnings set it on course for its worst year since 2011. The global smartphone leader's market share declined in annual terms for the third straight quarter in July-September, lagging Apple Inc in the premium market and overtaken by rivals like Lenovo Group Ltd and Xiaomi Inc at the bottom end, research firm Strategy Analytics said. ...
Wal-Mart and allies in face-off with Apple Pay over mobile payments
By Nathan Layne and Nandita Bose CHICAGO (Reuters) - Suddenly it's Apple versus Wal-Mart in the fight for shoppers' digital wallets. With the development of a new mobile payment system, a group of retailers led by Wal-Mart Stores is aiming to upend the $4.5 trillion credit card market and control the precious transaction data generated at the checkout line. The difficulty of the task became clear this week when drugstore chains CVS Health Corp and Rite Aid , in a move apparently aimed at shoring up the retailers' pay system, stopped accepting payments on Apple Inc's iPhones. ...
Faulty Takata air bags may not be replaced for months
WASHINGTON (Reuters) - U.S. safety regulators do not expect Japanese auto parts maker Takata Corp to be able to fully supply replacement parts for millions of defective air bags until January or later, and urged Takata and the automakers it supplies to seek additional parts from other companies. The National Highway Traffic Safety Administration, which has come under fire for being too lax and slow in dealing with the defective air bags, also called on automakers to be ready to expand their recalls beyond the warm and humid regions believed to be the epicenter of the problem. ...
Britain's Fraud Office launches probe into Tesco accounting scandal
By Neil Maidment and Kate Holton LONDON (Reuters) - (This version of the story inserts missing context in ninth paragraph) Britain's Serious Fraud Office (SFO) has opened a formal criminal investigation into accounting errors at Tesco, raising the stakes in a scandal that has hammered the reputation of the country's biggest grocer. ...
Apple's Tim Cook: 'So let me be clear: I'm proud to be gay'
Microsoft Band is a Windows Phone fitness tracker that works with Android and iPhone too
Lenovo closes acquisition of Motorola Mobility from Google
Google's Android VP on why a pricier Nexus 6 may lead to higher sales
A massive success: 10 years of World of Warcraft
Can a game really have something for everybody? As the latest expansion prepares for launch, we speak to Ion Hazzikostas about the history and future of the game that has ruled the MMO roost for an entire decade.>
Global smartphone market healthier than previously thought
Smart cocktail shaker teaches you to mix the perfect drink
Microsoft outs Band fitness wearable in Apple App store screenshots
Futuristic necklace turns light into jewellery
Spartan Apus Launcher conquers 30 million users internationally
Chinese company Apus has released its pared-down Android launcher to massive international success. But it's doing it without focusing on the Chinese market. We sat down with founder Li Tao to find out why.>
The Longest Journey arrives remastered for iOS
Tomorrow Daily 077: The Antares rocket explosion, ferrofluid art, and hydrogel robot muscles
On today's show, we talk about the Antares rocket disaster, how scientists might use hydrogel to create artificial facial muscles in robots, and a ferrofluid art exhibit desperate for your attention.>
Retail group MCX says it's not telling merchants to block Apple Pay
Driven by GTA Online's success, Take-Two sees future in Internet games
Awash with streaming video? Survey says you're not alone
Apple Pay rival CurrentC hit by hackers
A 'smart' deodorant applicator: Armpits, meet the future
The 404 Show 1,572: Marvel phase 3, cancellation bear (podcast)
I Never Got An MBA ... I Had Sex Instead
This is the unabashed truth. A boy named J was my first love. I honestly believe I loved him more than he loved me. And that's probably why he left me. But not before he cheated.It's a story from the past that still has relevance because if it wasn't for J taking my virginity I wouldn't be the business owner I am today. Not because it was good....
Watch Mike Tyson try to punch out video game Mike Tyson
HP dives into 3D printing with Multi Jet Fusion
New payments terminal aims to be Switzerland of in-store payments
Amazon Fire TV Stick ship date pushed back to January
New app blocks your work email when you go home
BlackBerry: We're still in the phone business
Watch the Avengers try to pick up Thor's hammer
The 7 Toughest Startup Lessons You Don't Want to Learn the Hard Way
I started my first business at 19 years old and thought I knew it all. The business quickly grew to $500,000 in gross revenue with five employees in three states. Business was good, but because I didn't learn how to manage my business, things quickly got out of control.Six years into the business, because of mismanaging the finances, I was...
Why the Verizon-exclusive Droid Turbo is actually good for you
What it is Like to Start a Small Business
Officially a month into my new business venture, I've fully immersed myself in my company. While each day is an incredible learning experience, I've certainly felt a vast range of emotions over the past few weeks (and I'm sure there is more to come).So, what's it like giving up a steady paycheck and benefits to start your own endeavor?It's...
What's 'Star Wars' about in a word? George Lucas explains
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