News on Permanent Portfolio Fund (PRPFX)Thursday October 8th 2015
Latest news for Permanent Portfolio(PRPFX) (See analysis on PRPFX)
Aggregared News for Permanent Portfolio(PRPFX) from various sourcesThis is how a mutual fund can beat an index fund
The Riskalyze Report: Advisors Buy the Small Cap Rally
Swiss Shock Spurs Gold Bid as ETP Assets Jump Most Since ‘11
Latest business news
Thursday October 8th 2015: Latest financial news from the worldJobless claims fall to near a 42-year low
By Jason Lange WASHINGTON (Reuters) - The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring. The data released on Thursday provides an upbeat check on the health of the labor market after last week's monthly employment report increased doubts the Federal Reserve would raise interest rates by the end of this year. Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 263,000 for the week ended Oct. 3, the Labor Department said.
Bill Gross sues Pimco for $200 million over forced ouster
(Reuters) - Bill Gross, the prominent bond investor, has sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, claiming that he was wrongfully ousted by a "cabal" of executives who wanted his share of the bonus pool. In a complaint filed on Thursday in the California Superior Court in Orange County, Gross said Pimco managing directors were "driven by a lust for power, greed, and a desire to improve their own financial position and reputation" in an ultimately successful plot to drive him out in September 2014. ...
Wall St. slips ahead of Fed minutes; Apple weighs
Healthcare stocks fell again while a decline in tech stocks added to the pressure. Apple's 2.1 percent drop weighed the most on the three major indexes. A six-day rally in global stocks was checked as weak trade from Germany and factory data out of Japan added to worries about slowing global growth, a key reason the Fed did not raise rates last month.
Volkswagen's US boss blames 'individuals' for cheating
By Andreas Cremer and David Morgan BERLIN/WASHINGTON (Reuters) - Volkswagen's rigging of diesel emissions tests was not a company decision but the result of actions by a small number of engineers, its top U.S. executive said on Thursday. Almost three weeks after it confessed publicly to cheating U.S. emissions tests, Europe's largest carmaker is under pressure to identify those responsible, fix affected vehicles and clarify exactly how and where the cheating happened. The biggest business crisis in Volkswagen's 78-year history has wiped more than a third off its share price, forced out its long-time chief executive, prompted investigations across the world and rocked both the car industry and German establishment.
AB InBev CEO appeals to SAB shareholders for second day
By Philip Blenkinsop and Martinne Geller BRUSSELS/LONDON (Reuters) - Anheuser-Busch InBev Chief Executive Carlos Brito repeated his appeal to SABMiller shareholders on Thursday, again urging them to push the brewer's board into more serious takeover discussions. The Brazilian boss of Belgium-based AB InBev expressed frustration at the board of its UK rival, continuing a strategy begun on Wednesday, which one analyst called going "hostile lite", referring to an acquirer putting its terms direct to a target's shareholders. AB InBev said it was surprised the SABMiller board said its takeover offer of 42.15 pounds per share, made public on Wednesday, "still very substantially undervalues" SABMiller.
Facebook's 'Like' button set to get more emotive
(Reuters) - Facebook's trademark "Like" button is set to get more expressive. The social network said on Thursday it is launching a pilot test of "Reactions", which will allow users to express a range of emotions including love, happiness, anger and sadness. The feedback from the pilot test will be used to improve the feature and the company hopes "to roll it out to everyone soon," Cox wrote in the post.
Fiat Chrysler workers skeptical of new UAW deal's impact on wages
By Nick Carey KOKOMO, Ind. (Reuters) - Workers outside the gates of a Fiat Chrysler plant here greeted news early on Thursday of a new tentative agreement between the automaker and the United Auto Workers skeptically, giving an indication of the challenges the union may face in getting the deal ratified by members. Last week, 65 percent of Fiat Chrysler unionized workers voting rejected a proposed four-year contract. Some workers complained that the first tentative deal put more of a burden on them and said it treated retirees unfairly, but the biggest bone of contention was over wages.
GM to recall 31,685 SUVs in North America
(Reuters) - General Motors Co said it would recall 31,685 SUVs in North America to repair a manufacturing defect in the windshield wiper motor that may overheat. GM told the U.S. vehicle safety regulator National Highway Traffic Safety Administration it will recall certain model year 2016 Chevrolet Traverse, GMC Acadia and Buick Enclave SUVs manufactured between Aug. 18, 2015 to Sept. 24, 2015. The front windshield wiper motor cover may melt, smoke or catch fire due to overheating in some cases. ...
EMC deal would be stretch for Dell, analysts say
The news did little for EMC's shares or those of majority-owned "virtualization" software maker VMware Inc . VMWare's were down 5.6 percent at $77.50. Any deal would include EMC's stake of about 80 percent in VMWare, which alone is worth about $28 billion, the sources said.
Could Air France shrink like Alitalia?
PARIS/BERLIN (Reuters) - In 2008, air passenger demand was dipping, Gulf countries were building up their national fleets, and easyJet set up shop in Paris. Air France did not. "Many of us in senior management saw this coming," said a former Air France boss now working for one of its fast-growing competitors.
HBO Now is finally on the Roku
After its stint as a 90-day Apple TV exclusive had come and gone, it seemed like HBO Now would never end up on the Roku. But, if you've been pining for episodes of Veep on your set-top box of choice, your ...
Designing Surface Pro 4: a chat with a Microsoft hardware lead
DJI's slick 4K hand-held gimbal is ready for action
6 technologies that will help humans survive on Mars
By Cat DiStasio Planet Earth is abuzz with headlines about Mars. First, NASA announced the discovery of flowing water on the red planet. Then The Martian opened to rave reviews. We have so many questions ...
Verizon increases the price of unlimited data plans by $20 a month
If you're still on a grandfathered unlimited data plan with Verizon, your bill is about to go up. On November 15th, the carrier confirmed to Engadget that it'll increase rates for those customers by $20 ...
Stocks Mixed as Biotechs Weigh on Nasdaq
U.S. equities were mixed on Thursday as traders awaited FOMC meeting minutes, and the unexpected kickoff to earnings season after the close of trade.
How Apple can add wireless charging to iPhones using haptics and speakers
'Bond King' Gross Sues PIMCO, Firm He Founded
Legendary bond fund manager Bill Gross has filed suit against PIMCO, the giant bond fund company he founded in 1971 and left last year in a decidedly acrimonious split.
SwiftKey's latest keyboard is powered by a neural network
Micron says new memory will break performance bottleneck
It won't replace DRAM or flash, but 3D XPoint combines many of their best features. At the annual Linley Processor Conference this week, Micron explained how it could bring new levels of performance to everything from gaming to in-memory databases.
Burner's disposable phone numbers save everything in the cloud
Microsoft: Forcing us to share data will harm US-EU relations
Dell and EMC: A big buyout, but will scale pay off vs. hyperscale cloud?
Dell and EMC would merge in what would be one of the largest leveraged buyouts. Strategically, the deal makes sense, but there's a catch. Dell and EMC still lack a public cloud story in a hybrid market.
This Raspberry Pi starter kit and course bundle is now over 85 percent off
Carson Wants Agencies 'Fat' Budgets Cut
When it comes to government spending, Presidential hopeful Ben Carson had plenty to say when speaking with FOX Business Network’s Stuart Varney.
Early battery benchmarks show iPhone 6s A9 chip differences: Check your chip
Mitsubishi set to show off its latest far-out EV concept
You may have though Mitsubishi's Tron-like EV concept was a one-off when the company revealed it nearly four years ago. But the Japanese company has been toiling away on the Emirai ever since, and is finally ...
Shark Tank Star on Small Business Success
Robert Herjavec, entrepreneur and host of ABC’s Shark Tank, believes that small businesses are “the fiber of local communities” in this country.
Healthcare Open Enrollment - Read the Fine Print
Open Enrollment is here! The time of year to review your healthcare plan. While the process may seem daunting you don't want to skimp on a review....
Move over Surface Pro 4: Dell challenges with new XPS 12
Chromecast app for iOS gets content and app recommendations
The Chromecast app for iOS no longer has a sad, bare interface, now that the major overhaul Android users have been enjoying for weeks has arrived. Since it's the same update Google released for its homegrown ...
Yale's Robert Shiller Sees 'Anxious Worrisome' Times
Robert Shiller appeared on the FOX Business Network and spoke to Maria Bartiromo about the state of the housing market.
Kodak has a new surveillance camera to compete with Nest Cam
Google's Nest Cam, previously known as Dropcam, is without a doubt one of the most preferred home monitoring camera brands. But Kodak doesn't want to be left behind, and today it introduced an upgraded ...
How Intel is helping battle Parkinson's with big data
Nanowire technology will improve brain-stimulating implants
BBC vows to make more cuts in response to government review
Mozilla proposes three golden rules for ad blockers
littleBits Gizmos and Gadgets Kit gives kids a range of DIY projects
Do you know an aspiring young maker? If so, littleBits is looking to lend a hand with its new Gadgets & Gizmos Kit. The collection of tech includes everything those young inventors will need to complete ...
IBM aims Linux OpenPOWER systems at Intel
ICYMI: Mars life, bendy smartphone screens and more
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