News on Permanent Portfolio Fund (PRPFX)Sunday September 21st 2014
Latest news for Permanent Portfolio(PRPFX) (See analysis on PRPFX)
Aggregared News for Permanent Portfolio(PRPFX) from various sources[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.
COLUMN-Circuit breakers investors can use for a debt default
[Reuters] - In times of calamity, every portfolio needs a set of circuit breakers. And, as Congress speeds toward the debt-ceiling barrier, it is a good idea to consider some inverse exchange-traded funds that move ...
Gold Rises to One-Week High as Fed Maintains Stimulus
[at Bloomberg] - Gold rose to a one-week high in London after the Federal Reserve maintained the pace of U.S. bond purchases, boosting demand for the metal as a store of value. Silver and palladium advanced.
Latest business news
Sunday September 21st 2014: Latest financial news from the worldExclusive: Siemens near deal to buy Dresser-Rand - sources
By Soyoung Kim, Sophie Sassard and Anjuli Davies NEW YORK/LONDON (Reuters) - The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group Inc for all cash, people familiar with the matter said on Sunday. A deal for Dresser-Rand, which has a market capitalization of more than $6 billion, could come as soon as Monday, some of them said. Siemens is expected to pay low- to mid-$80s per share, the sources said, compared to Dresser-Rand's Friday closing price of $79. ...
General Motors recalls cars over parking brake fire risk
WASHINGTON (Reuters) - U.S. car manufacturer General Motors Co is recalling hundreds of thousands of cars over a defect in the parking brake that could cause a fire, a letter by the top U.S. auto safety regulator showed. The problem occurred with GM's 2013-2015 Cadillac XTS and the 2014-2015 Chevrolet Impala, said the Sept. 19 letter from the National Highway Traffic Safety Administration (NHTSA), seen by Reuters. The total number of cars recalled was 221,558, the company said, including 205,309 in the United States, and the remainder in Canada and other countries. ...
Relief over Scotland gives way to 'Great Stagnation' worries
By Robin Emmott BRUSSELS (Reuters) - Scotland's rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the "Great Stagnation", and how to avoid it. The Group of 20 leading nations, meeting at the weekend, said they were tantalizingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs. But Europe's extended stagnation remains a major stumbling block and some big emerging economies are flagging too. ...
G20 says nearing growth goal, but more needed from Europe
By Ian Chua and Cecile Lefort CAIRNS Australia (Reuters) - The Group of 20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block. The finance ministers and central bank chiefs gathered in the Australian city of Cairns claimed progress on fireproofing the world's financial system and on closing tax loopholes exploited by giant multinationals. ...
SoftBank estimates $4.6 billion gain from Alibaba listing
TOKYO (Reuters) - Japan's SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding's share listing in New York, where the Chinese e-commerce leader surged 38 percent on its first day of trade. SoftBank CEO Masayoshi Son also told CNBC that he would want to own more of Alibaba, although he reiterated that the Japanese mobile carrier and Internet media company was happy with the current 32 percent stake, which made it the Chinese company's biggest shareholder. Asked if he would like more of Alibaba, Son told CNBC on Friday: "Of course. ...
Germany pushes Airbus for cost cuts on A400Ms: paper
BERLIN (Reuters) - Germany's defense ministry is demanding price cuts and longer cancellation periods on the A400M military airlifters it has ordered from Airbus, but which will be delivered later and less equipped than planned, a newspaper reported on Sunday. Bild am Sonntag quoted from a letter from the defense ministry to the finance ministry and the court of auditors, in which it said the ministry was also pushing Airbus to disclose its "further planning and connected project risks". ...
Dollar's rally bad news for oil, multinationals
By Akane Otani NEW YORK (Reuters) - The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies. The greenback's recent gains have lifted the dollar index - a measure of the dollar's value relative to six currencies - for 10 consecutive weeks. ...
Microsoft delays launch of its Xbox One console in China
BEIJING (Reuters) - Microsoft Corp has delayed the launch of its Xbox One game console in China, which had been set for release on Tuesday, but the world's biggest software company said it would be released by the end of the year. Microsoft did not give a reason for the delay in a statement on Sunday. The delay is the latest in a series of setbacks for Microsoft in China, where it is under investigation for suspected anti-trust violations related to the Windows operating system and Microsoft Office. The Chinese government lifted a 2000 ban on gaming consoles earlier this year. ...
Alibaba surges 38 percent on massive demand in market debut
By Liana B. Baker, Jessica Toonkel and Ryan Vlastelica NEW YORK (Reuters) - Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class. It was an auspicious debut for the Chinese e-commerce company, which was founded by Jack Ma in his apartment in 1999 and now accounts for 80 percent of online sales in China. ...
Exclusive: Hyundai directors kept in dark on size of $10 billion land bid - sources
By Hyunjoo Jin SEOUL (Reuters) - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters. Thursday's winning bid for the land sent shares in Hyundai Motor, Kia Motors and Hyundai Mobis plunging, wiping out $8 billion in shareholder value, and sparked howls of protest from investors, rekindling worries about corporate governance at South Korea's conglomerates, or chaebol. ...
Rating the road to the wire-free PC
Sigma CEO leads premium push in camera market (Q&A)
The history of the Predator, the drone that changed the world (Q&A)
Longtime Pentagon correspondent Richard Whittle investigated the unmanned aircraft that gave the military the ability to attack targets from the other side of the world. He talked to CNET about the drone.>
Reinvent Your Business Model or Die
'Change almost never fails because it's too early. It almost always fails because it's too late.' - Seth Godin One of the key components of transformation and innovation is the business model, and since the ability of companies to transform and reinvent themselves is crucial to their lifeline, I went straight to the source, the global expert on...
How to Tackle Life's Little Stinks
Life can get pretty stinky now and then. That's what makes it... life, yes? Take, for example, a recent little excursion in France's wine country. The day began on a such high note. Not only were we about to take a bike tour that would explore the beautiful fields of seemingly endless vineyards, but -- perhaps more importantly -- we'd also get...
Machinima's new CEO brought friends. Like Superman (Q&A)
Touch, hear, pal around in a virtual world: Oculus execs discuss the future
Ex-NBA star arrested for allegedly stealing from Apple store
Oculus closer to launch with new virtual reality headset
Man says he stood 44 hours in iPhone 6 line to win back wife
Don't panic: Those iPhone 6 carrier trade-in deals are still available
iPhone fans, you can still take advantage of carriers' hot deals, but see the new devices in person to ensure you're getting the right one, says CNET's Marguerite Reardon in this edition of Ask Maggie.>
Nvidia sinks moon landing hoax using virtual light
The KICK App will help you talk like a Football Expert
The beautiful game has long enjoyed a loyal fan base across the clubs of Europe. From Manchester to Milan, fans live through the highs and lows of their beloved team. Now, a recent study commissioned …
Crave Ep. 175: 3D Pocketcopter crowdfunding soars despite no working prototype
'True' Apple fan weeps after being removed from iPhone 6 line
Renewed talk of Yahoo as acquisition target after Alibaba IPO
Measuring Apple Pay's success: Give it years, not months
Staybowlizer offers a helping hand in the kitchen
iPhone 6 Plus vs. Samsung Galaxy Note 3: SwiftKey shootout
Living with the iPhone 6 Plus, part 2: In our post-review check-in, Tim takes a deeper look at living with SwiftKey on the iPhone 6 Plus versus his current go-to phablet phone, the Samsung Galaxy Note 3.>
Alibaba shares make their debut at $92.70
The 404 Show 1,554: iPhone 6 launch madness, surviving the lines, Deadpool movie happening (podcast)
Today Bridget Carey tells us how she survived the iPhone 6 launch chaos that unraveled at the flagship Apple Store in New York. After we close the book on the iPhone we'll discuss the news that the Deadpool movie has been green lit!>
Long-Term vs. Short Term: Which Lease Is Right for Your Business?
One of the most common questions that come up when leasing office space is whether it's better to sign a long-term or short-term lease. This is especially important for small businesses whose success, or failure, could be at least partially dictated by this decision. While there's no right answer -- every company's needs are different -- there...
Low Latency 109: I'm your destiny
Alibaba's Jack Ma willing to work with Amazon
Can this big red button really do it all?
Uber hits road block in France as taxi lobby gains upper hand
Lawyer allegedly photoshopped herself with celebs, faces suspension
Hipsterbait: Irking hipsters, one meta T-shirt at a time
Get a $15 iTunes gift card for $10
A Numbers Story
Two tech billionaires and an entrepreneur walk into a bar.The billionaires, both men, fall into a bidding war to determine who will get the first option on new technology developed by the entrepreneur, who is a woman and nearly a generation younger than them.She, possessing a philanthropic heart as well as a keen business sense, has vowed to...
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