Search Results for: EC
Citigroup may pay $7 billion to resolve U.S. mortgage probes
July 9th, 2014
Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the ...
U.S. Treasury Prices Rally on Weak Equities
July 9th, 2014
U.S. Treasury yields fell on Tuesday after the U.S. government’s auction of 3-year Treasury notes, the first of three debt auctions this week. The Treasury Department auctioned $27 billion in three-year notes at a high yield of 0.992 percent, ...
U.S. Dollar Remains Lower Before Fed Minutes
July 9th, 2014
A gauge of the dollar remained lower before the Federal Reserve releases minutes of its most recent meeting amid speculation an uneven economic recovery will prompt policy makers to hold borrowing costs near zero. The greenback held losses from ...
Wall Street stoked over Alcoa earnings
July 9th, 2014
Alcoa unofficially kicked off earnings season with gusto Tuesday, delivering second-quarter results that smashed expectations. The aluminum giant reported an adjusted quarterly profit of 18 cents a share — 50% more than expected. The news boosted shares of Alcoa ...
Brent Oil down at $109 on Easing Supply Fears
July 9th, 2014
Brent oil slid more than $1 a barrel on Tuesday, its seventh straight decline, with U.S. oil also falling as Libyan oil exports looked likely to rise, and fears eased over a supply disruption in Iraq. Brent has shed ...
Kiwi near 3-year high; dollar awaits Fed minutes
July 9th, 2014
The Kiwi, New Zealand dollar, hovered near a three-year high on Wednesday, buoyed by the prospect of a sovereign rating upgrade, while the U.S. dollar held steady ahead of minutes of the Federal Reserve’s latest policy meeting. Against a basket of ...
Profits Vanish in Venezuela After Currency Devaluation
July 9th, 2014
Brink’s, the armored car company, could see about $400 million in revenue disappear this year from its operations in this country. Procter & Gamble announced a write-down of $275 million on its Venezuela business. American Airlines and Delta Air ...
Pfizer wins dismissal of U.S. investor class action ahead of trial
July 9th, 2014
Pfizer Inc (PFE.N) won the dismissal Tuesday of a long-running shareholder class action accusing the company of misleading investors about the safety of its Celebrex and Bextra pain-relieving drugs. The ruling by U.S. District Judge Laura Taylor Swain in ...
Australia 200 – Almost on Cue, Returns Back Under 5500
July 9th, 2014
Australia 200 for Wednesday, July 9, 2014 The question of whether or not the Australia 200 Index be able to maintain its break through the key resistance level at 5500 was answered yesterday as it almost on cue, returned ...
In Deal to Cut Corporate Taxes, Shareholders Pay the Price
July 9th, 2014
Medtronic is pursuing a deal to move abroad and save taxes. But few have noticed that the company’s shareholders will be the ones left with a big tax bill as a result. Oddly, some of Medtronic’s largest shareholders — ...
