News on Permanent Portfolio Fund (PRPFX)Wednesday October 22nd 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
Wednesday October 22nd 2014: Latest financial news from the worldWall St. turns lower after shooting at Canadian parliament
By Yasmeen Abutaleb NEW YORK (Reuters) - U.S. stocks turned lower in afternoon trading on Wednesday, with major indexes erasing earlier gains as a shooting at the Canadian parliament unnerved investors and Boeing and Biogen sold off following results. Indexes had traded in positive territory for much of the session, putting the S&P 500 on track for a fifth straight day of gains. Earnings initially drove the move higher, with technology and material shares up on the back of strong results. ...
U.S. inflation muted in September as energy costs drop
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a decline in energy prices. ...
Boeing profit jumps 18 percent; raises 2014 earnings view
By Alwyn Scott (Reuters) - Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business. But shares of the Chicago-based aerospace and defense giant slipped 1.5 percent in early trading, as analysts viewed the profit gain as a given and raised concern about signs that the costs of the 787 Dreamliner were creeping higher. The company earned $1.36 billion, or $1.86 per share, for the third quarter ended Sept. 30, up from $1. ...
U.S. regulators expand number of vehicles affected by Takata recalls
By Ben Klayman DETROIT (Reuters) - U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants. The U.S. National Highway Traffic Safety Administration (NHTSA) said in a statement the number of vehicles from 10 automakers covered by recalls this year and in 2013 is now 7.8 million, up 28 percent from the 6.1 million announced on Tuesday. ...
Total names refining boss to replace de Margerie
By Michel Rose PARIS (Reuters) - French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week. Pouyanne, 51, head of refining, had been considered as possible candidate to succeed de Margerie in the past and has a reputation as a shrewd cost-cutter. The world's fourth largest oil company also named Thierry Desmarest, a former Total CEO, as non-executive chairman. The appointments came less than 48 hours after de Margerie's death. ...
Divided U.S. SEC adopts mortgage rule, decries lax lending
By Sarah N. Lynch WASHINGTON (Reuters) - U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors. The Securities and Exchange Commission approved the so-called "risk retention" rule by a 3-2 vote, while the U.S. Federal Reserve is expected to approve it later Wednesday. The rule requires banks to keep at least 5 percent of the risk on their books when they securitize loans. ...
Toyota executive stands by Takata as supplier despite air bag troubles
By Maki Shiraki TOKYO (Reuters) - A top Toyota Motor Corp executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants. U.S. safety regulators on Wednesday expanded the number of vehicles in the United States affected by recalls for this problem by 28 percent to 7.8 million vehicles. Toyota has the second largest number of vehicles affected by the U.S. recalls at 877,000, trailing only Honda Motor Co's 5.1 million vehicles, according to the U.S. ...
Dow Chemical to cut $1 billion in costs over three years
By Swetha Gopinath (Reuters) - Dow Chemical Co , the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins. Shares of the company, which reported a better-than-expected profit for the fourth straight quarter, rose nearly 4 percent. Rival Dupont has said it plans to shave off $1 billion of annual costs by 2019. Dow, which said it had been cutting fixed costs annually by 3 percent since 2012, did not elaborate on the latest cost cuts. ...
UK's Lloyds to cut 9,000 jobs over next three years: sources
LONDON (Reuters) - Lloyds Banking Group will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters on Wednesday. The cuts amount to about 10 percent of Lloyds' workforce and will be announced as part of Chief Executive Antonio Horta-Osorio's strategy review next Tuesday, the sources said. Horta-Osorio's new three-year plan is expected to include the closure of some branches as the bank responds to a growing number of transactions being executed online, and the automation of some back-office functions. ...
ECB cools speculation over bank health checks ahead of results
By Sarah White and Michael Shields MADRID/VIENNA (Reuters) - The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower. Austria's Erste Group rejected the report from Spanish newswire Efe, which said that it along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had failed the ECB review based on preliminary data, but it gave no details of the size of the capital holes at the banks. ...
Social Security benefits to go up by 1.7 percent
Apple defeats GPNE's $94M patent-infringement claim
Vintage Apple computer built by Woz sells for whopping $750,000
That iPad Air 2 can be yours -- today, even
Apple simply said the tablet would launch later this week, but it actually will be available as soon as stores receive their supply over the coming days. All stores in Manhattan already have the WiFi models of the iPad Air 2 and iPad Mini 3.>
Camera made from one tiny Lego brick actually works
Sonos sues Denon for 'copying' its wireless products
Rhapsody revives CEO position, hires mobile vet as interim chief
AT&T third-quarter profit falls short even as it adds 2M wireless customers
Apple Pay sees problems as users get charged twice
Bank of America apologizes for a glitch that's causing duplicate Apple Pay charges. Also, Google creates a new app for organizing email, and Google users can give their accounts extra protection with USB security keys.>
Will You Be Ready for the Next Recession?
In the years leading up to December 2007 there was a growing chorus declaring the end of business cycles. Clearly, business cycles have not gone away, and new research shows that the nature of recessions has changed in troubling ways. We can't predict when the next one will come, but those who fall in its wake will face a tough road to...
Beyond tweets: Twitter weaves new approach to mobile apps
I Tried the Next Level in Wearable Tech
Wearable Tech is probably one of the hottest phrases out right now. Companies on both the fashion and tech side are racing to get into the game, each entrant hoping that it has the ticket to mass consumer adoption. Microsoft just announced this week that it will introduce a product shortly, and even the mighty LVMH has said that one of its...
Samsung enables 1-click purchases for app store
Sprint undercuts AT&T, Verizon with $20, 1GB family data plan
The 404 Show 1,569: ApplePay double-charging, Hendo hoverboard, Breaking Bad toys (podcast)
Bridget Carey returns to the show to talk about ApplePay double-charging some Bank of America customers, a new Kickstarter for a company that created a working hoverboard and the recent controversy over Toys R Us selling Breaking Bad action figures.>
This is how NASA banishes odors in space
Once You THINC It, INC It: Great Scott's Modern-Day Guide for Young Entrepreneurs on Growing and Navigating as a Brand
"Do not follow your dreams -- follow your efforts. Follow the things that you do organically."--THINCMarketer and social media strategist Scott "Great Scott" McKenzie has released his third book (and very first audio book), titled THINC: Once You THINC It, INC It, produced by Sirius XM associate producer Jameson Bennett. Scott is a seasoned...
Business and Youth: Advice for Young Entrepreneurs
As a 24-year-old entrepreneur behind several fast-growing startups with multiple employees, I've encountered many struggles and roadblocks that I've had to overcome over the past few years. Phone calls with small companies looking to grow their business are part of my daily routine, and surprisingly, many of their struggles are tantamount to my...
Google unveils Gmail alternative: 'Inbox'
Pioneering procedure helps paralyzed man walk again
PreTweet saves you from looking like an idiot on social media
Torch through stuff on the fly with portable laser cutter
Almost half of adults on the Net have experienced online harassment -- survey
Get an HP Pocket Playlist for $19.99
Unexpected Cost of Ethical Behavior
In pursuit of my college degrees, work at Fortune 500 companies, and memberships in professional organizations, I was directed and trained to ensure ethical compliance --- as it's a personal, organizational, and company responsibility.This training provided examples of unethical activities and many times required participants to analyze case...
Fund 3D horror film, get rare 'Texas Chainsaw Massacre' rewards
Meet the robot actor starring in a play inspired by Kafka
Flying car crashes and burns in Florida
Form a new political party, fight zombies with the CraveCast crew
Halloween and elections are approaching, and sometimes it's tough to tell which is scarier. Join the CraveCast cabal Wednesday at noon Pacific when we'll talk about remaking democracy in our own image and siccing bears on the undead.>
Microsoft Garage gives early look at emerging apps
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