Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)
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Latest business news
Monday December 22nd 2014: Latest financial news from the worldWall Street edges up after three-day run; Gilead slumps
NEW YORK (Reuters) - U.S. stocks were modestly higher on Monday, after the benchmark S&P 500 notched its best weekly performance in nearly two months, as a sharp drop in Gilead Sciences reined in broader gains.
U.S. existing home sales hit six-month low, inventories low
Alstom to pay record $772 million to settle bribery charges with U.S.
By Sarah N. Lynch WASHINGTON (Reuters) - The French firm Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle charges with the U.S. Justice Department alleging the company bribed government officials to win business in Indonesia, India and China. The settlement announced by the Justice Department on Monday marks the largest-ever criminal fine levied by the United States against a company for violations of foreign bribery laws. ...
Ex-minister Kudrin warns of 'full-fledged crisis' in Russia
MOSCOW (Reuters) - Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.
GM gets 104 more claims for faulty ignition switch compensation
(Reuters) - General Motors Co has received 104 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,430, according to the official administering the compensation program. Through Friday, GM had received 260 claims for death, 172 for catastrophic injuries and 1,998 for less-serious injuries requiring hospitalization. The number of claims found eligible for compensation remained unchanged from last week. ...
Saudi's Naimi says OPEC will not cut output however far oil falls: MEES
LONDON (Reuters) - Saudi Arabia convinced its fellow OPEC members that it is not in the group's interest to cut oil output however far prices may fall, the kingdom's oil minister Ali al-Naimi said in an interview with the Middle East Economic Survey (MEES).
Basel watchdog wants standardized assessment of banks' capital
LONDON (Reuters) - Global regulators have outlined measures to ensure capital held by banks does not fall below a certain level and to adopt a more consistent approach across the industry to measuring risk. Regulators on the Basel Committee, which sets rules for the industry worldwide, are concerned that inconsistencies in the way big banks calculate the size of their capital buffers undermines investor confidence in their capital ratios, a key measure of lenders' financial health. ...
Oil falls towards $60 on Saudi supply comments
By Simon Falush LONDON (Reuters) - Oil fell towards $60 a barrel on Monday, reversing gains after Saudi Arabia indicated it could increase its output. Saudi Arabia convinced its fellow OPEC members that it is not in the group's interest to cut oil output however far prices may fall, the kingdom's oil minister Ali al-Naimi said in an interview with the Middle East Economic Survey (MEES). ...
American Apparel confirms takeover offer, sets new 'poison pill'
(Reuters) - Struggling American Apparel Inc, which fired controversial Chief Executive Dov Charney last week, said it was evaluating a proposed takeover and announced the appointment of a new head of the board, sending its shares up in early trade. The clothing retailer and manufacturer said the proposed offer - from a party it did not identify - was pitched at $1.30 to $1.40 per share, which would value the company at $226 million-$243 million. The Wall Street Journal reported last week that private equity firm Irving Place Capital was interested in making a bid at $1.30 to $1.40 per share. ...
Thales CEO succession stalled as shareholders split: sources
By Cyril Altmeyer PARIS (Reuters) - Thales' top shareholders are at odds over its plan for a dual leadership structure that may change their influence at the French defense electronics maker, sources familiar with the matter said on Monday. The disagreement between the French government, Thales' top shareholder with 26 percent, and Dassault Aviation , which holds 25 percent, has prompted the company to postpone a board meeting scheduled for Monday, the sources said. ...
General strike shuts down services across Greece
ATHENS, Greece (AP) — Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demonstrations to protest further austerity cuts in the cash-strapped country.
Unemployment rates fall in two-thirds of US states
Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
US stocks edge higher in afternoon trading
Stocks were on track to finish higher Thursday afternoon for the second day in a row as investors drew encouragement from reports on Chinese manufacturing, U.S. home sales and some positive earnings from Best Buy, Dollar Tree and other retailers.
US stocks edge higher in midday trading
Major stock indexes shifted higher in midday trading Thursday, getting a lift from an encouraging report on Chinese manufacturing and some positive earnings from Best Buy, Dollar Tree and other retailers. The market also got a boost from data showing modest improvement in sales of previously occupied homes.
US stocks are mixed in early trading
MapR CEO talks Hadoop, IPO possibilities for 2015
8 Lessons for Entrepreneurs From the Philly New Technology Holiday Meetup
Last Wednesday, I got to attend the Philly New Technology Meetup Holiday Extravaganza attended by more than 150 entrepreneurs, innovators and industry leaders. It was an overall exciting time to get to meet like-minded individuals, connect and learn. Here are a few key takeaways and lessons learned from the speakers a the start of the event.1....
Holiday Bonding: A Boost for the Family Business
Family businesses that play together stay together
iPhone 6 price jumps 35% in Russia as ruble plummets
2014 in review: Best stories and mobile devices, questions for 2015
Boeing turns to BlackBerry for help creating super-secret, self-destructing 'Black' smartphone
Consumers not sold on Apple Watch without more details, analyst says
Evernote rolls out Context support for Android and Windows platforms
Using open source to deliver business value
Version 3 of FoundationDB's Key-Value Store database announced
Google wants auto industry help for self-driving cars
Defeated Brazilian presidential candidate sues Twitter
2014: The year Apple got me to dump Android
Oracle buys Datalogix, beefs up digital marketing cloud
Gender Quotas for German Companies – U.S. Next?
Germany will soon follow France, Italy and others by forcing companies to add women executives and directors. Is America next? Should it be?
Who's really taking you for an Uber ride?
China dumping foreign tech; It could work
Microsoft sues US-based 'phony tech support' outfit
5 gifts for the hard-to-please Mac user
2014: Apple's competence wanes, but my trust remains
Google releases Android Lollipop 5.0.2 for the 2012 Nexus 7
From Chile to Seattle to Morocco: One startup's journey of software development across the globe
The team behind startup Maptia recently launched a new version of their story-telling platform. In keeping with their aspiration to "explore the world through beautiful stories" the founders have traversed the world since 2012. Here's the story of their peripatetic development.
Google hunts for self-driving car partners
Samsung hopes to secure top spot in Internet of Things revolution
Google begins Android One expansion with three new countries
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