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FRB: Agencies Issue Proposed Rule on Minimum Requirements for Appraisal Management Companies
March 24th, 2014
Six agencies today issued a proposed rule that would implement minimum requirements for state registration and supervision of appraisal management companies (AMCs). An AMC is an entity that serves as an intermediary between appraisers and lenders and provides appraisal ...
U.S. Stocks Fluctuate While Europe Slumps on Ukraine
March 24th, 2014
U.S. stocks fluctuated as an index of manufacturing slowed while European shares snapped two days of gains amid concern the Ukraine crisis may escalate. The yen and gold weakened. The Standard & Poor’s 500 Index fell less than 0.1 ...
Apple eyes partnerships in bid to reinvent TV
March 24th, 2014
Apple may have grand ideas about how to reinvent television, but for now, rather than attempting an end-run around the industry’s incumbents, it continues to seek partnerships with them. The computing giant’s next foray into TV could come in ...
Stocks: Preparing for a rush of IPOs
March 24th, 2014
By all indications, Monday could be a quiet trading day, but don’t let the placid mood in the markets fool you — investors are preparing for a rush of initial public offerings this week. The company behind the popular ...
528 Muslim Brotherhood supporters sentenced to death in Egypt
March 24th, 2014
An Egyptian court sentenced at least 528 supporters of the Muslim Brotherhood to death Monday on charges related to violent riots in the southern Egyptian city of Minya last August, including the murder of a police officer, the country’s ...
Flight 370: When facts are few, imaginations run wild
March 24th, 2014
Malaysia Airlines Flight 370, a Boeing 777 on the way from Kuala Lumpur to Beijing, simply vanished from the sky on March 8. In the two weeks since, the mystery of what happened to its 227 passengers and 12 ...
Witness in Oscar Pistorius trial heard ‘terrified screaming’
March 24th, 2014
A neighbor of Oscar Pistorius said she heard “terrified, terrified screaming” the morning the Olympian killed his girlfriend Reeva Steenkamp. The testimony by Anette Stipp began the trial’s fourth week. Questioned by prosecutor Gerrie Nel, Stipp said she awoke ...
Billionaire Sought by U.S. Holds Key to Putin Gas Cash
March 24th, 2014
A detained billionaire who made a fortune as a middleman in Russia’s murky gas trade with Ukraine may hold the key for U.S. lawmakers seeking harsher sanctions against President Vladimir Putin’s inner circle. Ukrainian Dmitry Firtash, arrested in Vienna ...
China Manufacturing Gauge Falls as Slowdown Deepens
March 24th, 2014
China’s manufacturing industry weakened for a fifth straight month, according to a preliminary measure for March released today, deepening concern the nation will miss its 7.5 percent growth target this year. The Purchasing Managers’ Index from HSBC Holdings Plc ...
FRC issues temporary filler for insurance accounting
March 24th, 2014
THE FRC has issued new accounting and reporting requirements as a potentially temporary fill for a gap for the insurance industry. Financial Reporting Standard (FRS) 103 will be used by companies that currently use FRS 102 in the UK ...