News on Permanent Portfolio Fund (PRPFX)Friday October 24th 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.
Latest business news
Friday October 24th 2014: Latest financial news from the worldFutures decline on weak Amazon results, Ebola concern
By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stock index futures fell on Friday, putting the S&P 500 on track to trim its weekly advance, following disappointing earnings from Amazon and as the first diagnosed case of Ebola in New York City raised concerns about the spread of the virus. Amazon plunged 9.9 percent to $282.23 in premarket trade after the online retailer's sales projections for the crucial holiday quarter disappointed Wall Street and third-quarter results missed forecasts. Microsoft , up 2.6 percent at $46. ...
Ford's lower profit beats estimates; sales down on F-150 launch
By Bernie Woodall and Ben Klayman DETROIT (Reuters) - Ford Motor Co's third-quarter earnings fell 34 percent but beat Wall Street expectations on a strong showing in North America even as revenue fell due to the cost of introducing the F-150 pickup truck. Ford's launch of its aluminum-bodied F-150 is on track, the company said on Friday. A 3 percent drop in third-quarter revenue to $34.9 billion is largely linked to the planned shutdown of the F-150 plant in Dearborn, Michigan. ...
UPS CEO: firm is ready for peak season challenges
By Nick Carey CHICAGO (Reuters) - Robust U.S. consumer and business demand plus strong growth in Asia drove a higher-than-expected quarterly profit at package delivery company United Parcel Service Inc and its top executive said that after a challenging holiday period last year the firm is ready for the 2014 peak season. UPS, the world's largest shipping company, and its main rival, FedEx Corp , both considered U.S. economic bellwethers, are heading into their busiest season of the year as the U.S. holidays approach. ...
P&G to exit Duracell battery business
(Reuters) - Procter & Gamble Co said it would exit its Duracell battery business, likely through a splitoff into a separate company, as it looks to focus on faster-growing brands. P&G, which also reported a slight fall in quarterly sales, said a stronger dollar would significantly hurt revenue and earnings in the current quarter. The world's No. 1 household products maker said in August it could sell about half of its slow-growing brands in the next two years and cut jobs to revive sales growth and save costs. ...
Pfizer's $11 billion buyback plan deflates AstraZeneca bid hopes
LONDON/NEW YORK (Reuters) - U.S. drugmaker Pfizer is to continue buying back stock, with the board authorizing a new $11 billion share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca. Shares in AstraZeneca fell 1.2 percent by 0800 GMT on Friday following the news. The largest American pharmaceuticals company, whose shares gained more than 1 percent after the announcement late on Thursday, said the move was in addition to the $1.3 billion remaining on its current share buyback program. ...
Microsoft sales beat Street hopes, cloud profits up
By Bill Rigby SEATTLE (Reuters) - Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact. The results on Thursday allayed fears of investors in recent days that the industry shift toward lower-margin cloud services was proving hard for established technology leaders to master. Microsoft shares, which have climbed 33 percent over the past year, rose another 3 percent in after-hours trading to $46.36. ...
Stagnating euro zone seeks German shift
By Francesco Guarascio and Robin Emmott BRUSSELS (Reuters) - France and Italy sought on Friday to bridge stark differences with Germany over how to avert economic stagnation and deflation, but Chancellor Angela Merkel warned her peers against repeating the euro zone's debt crisis. After the bloc's revival came to a halt in the second quarter, France and Italy want to shift course away from the spending cuts that marked the bloc's response to the 2009-2012 crisis. Germany says debt discipline must continue. ...
Asia economic growth to languish as China slows: poll
By Sumanta Dey BANGALORE (Reuters) - Emerging Asia will contribute less to the global economy in 2015 than was expected just months ago as a slowdown in China drags on growth in the region, partially offset by acceleration in the United States, Reuters polls showed. Until recently the primary engine of global growth, most Asian economies have slowed, hamstrung by erratic exports, sluggish domestic demand, capital outflows and political and policy uncertainty. ...
Specter of no-inflation world looms over Fed's return to normal
By Howard Schneider WASHINGTON (Reuters) - After months of focus on slack in U.S. labor markets, the Federal Reserve faces a new challenge: the possibility that weak inflation may be so firmly entrenched it upends the return to normal monetary policy. The soft global inflation backdrop, from sliding oil prices to stagnant wages in advanced economies, has triggered debate over whether the Fed and its peers merely need to wait for a slow-motion business cycle to improve, or face a shift in the underlying nature of inflation after the global recession. ...
Special Report: Why Madrid's poor fear Goldman Sachs and Blackstone
By Sonya Dowsett Madrid (Reuters) - Last year Madrid’s city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. At the time, the tenants were told their rental conditions would remain the same. But as old contracts expire, dozens of people have received demands for higher rent, been told their rents will increase dramatically, been threatened with eviction or moved out to escape the insecurity. Thousands of Spain’s poor now depend for their homes on the generosity of private equity. Jamila Bouzelmat is one of ...
Social Security benefits to go up by 1.7 percent
LG G3 Screen powered by in-house 'Nuclun' processor launches in Korea
Amazon losses widen as it braces for rocky holiday quarter
iMessage spam deluge traced to knock-offs in China
Microsoft Lumia device 'coming soon', but cheap phones keep Nokia name
Tomorrow Daily 074: VR moon tours, an 'Avengers 2' trailer analysis, and a real-life Transformer
On today's show, we discuss virtual reality tours of the moon using Oculus Rift, all the crazy things we spotted in the "Avengers 2: Age of Ultron" trailer, and a real-life Transformer that changes from humanoid to car (just like Optimus Prime).>
Amazon takes $170M charge on Fire Phone
Friday Poll: How do you like Apple Pay so far?
This is what a 'Star Wars' blaster bolt would look like in real life
Crave giveaway: Lemur BlueDriver wireless car diagnostic tool
Aereo barred from retransmitting broadcast TV
Listen to music and track runs on Android Wear, no phone needed
See the Windows 10 Start menu in action
Microsoft tweets 'joke' about raises (really)
Microsoft Q1 profit falls 13 percent, weighed down by Nokia unit
AmazonFresh orders soon to arrive from the post office
Pandora Q3 profit climbs, despite slower listener growth
How to watch today's partial solar eclipse
How Good Are Your Acting Skills?
I learned a long time ago that a great CEO must also be a great actor. Some people will take exception to this statement, but I stand by it emphatically. To be truly great at running your organization, you are always "on." You are always in the spotlight with your employees, customers, investors and anyone else with whom you come into contact....
Scientists unveil weirdest dinosaur ever seen
Battling robots want your help spreading metal mayhem
Facebook Rooms joins the anonymous-chat wave
How to Create a Truly Supportive Community Online
Do you ever feel lonely online?You know, you're flipping through page after page of your so-called "friends" on Facebook or some other social media platform, but you realize you are actually quite lonely?It may seem strange, but even though the world has become more connected via the internet and social media, studies are showing that more...
Microsoft divisions succeed in spite of Nokia losses
This thing uses sound to make any wine taste better
Top 30 Success Tips from the Forbes Under 30 Game-Changers
From October 19th to 22nd, Forbes hosted over a thousand innovators in downtown Philadelphia for the first-ever Forbes Under 30 Summit. Among the attendees were those selected for the 30 Under 30 lists spanning across a multitude of industries.Here are success tips from just 30 honorees from a wide variety of sectors for all you youngin's out...
Rinkins Report: Nation's First Black Billionaire Talks Diversity and Prosperity
Robert L. Johnson is an American success story by any measure. Born in Mississippi and raised in Middle America, Johnson made a name for himself in the nation's capitol and ascended to the heights of big city capitalism on his own terms.You may know him as the founder of Black Entertainment Television (BET), his reign there ended with...
Brainstorming plans to fix democracy and fight zombies
This week the CraveCast crew took up the task of remaking democracy in the image of nerds and geeks everywhere, and learned the best way to fight zombies: Make friends with a bear...and hope it doesn't get infected.>
Guy uses his ice maker to dish out something other than ice
Feminine Power in Business
The time has come.Old rules fall.New voices rise.We will use the F-word without shame.Without fear of being burnt on academic, economic and political fires.We say it out loud:Feminine.Painful laughterJust writing this word feels risky.The F-Word never fails to stir conversations around dinner tables and in public debates.Neither women nor men...
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