Business News

Business Insider Australia
SAC Says It Will Curb Cooperation With Insider Inquiry
New York Times
SAC Capital Advisors, the hedge fund owned by the billionaire investor Steven A. Cohen, told its investors on Friday that it was no longer cooperating unconditionally with the government's insider trading investigation. “In the past we have tried to be as ...
SAC Capital won't fully cooperate with government: letterReuters
SAC Capital Won't Cooperate UnconditionallyCNBC.com
SAC Says It Won't 'Cooperate Unconditionally' on Insider ProbeWall Street Journal
Financial Times -Businessweek -Fox Business
all 15 news articles »

WPTZ The Champlain Valley
Report finds Gen Xers lost almost half their wealth in recession, questions ...
Fox News
NEW YORK – A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the Great Recession. The study found that ...
Today's retirees face declining standard of living, study saysLos Angeles Times
Five Steps Toward Fixing the Hole In Your Retirement PlanForbes
Future retirees at risk of downward mobility, Pew findsWashington Post
Bloomberg -CNN -UPI.com
all 19 news articles »Google News

Proactive Investors USA & Canada
Tesoro gets approval for refinery purchase
Proactive Investors USA & Canada
Tesoro Corp.'s (NYSE: TSO) shares soared higher after the Federal Trade Commission approved its purchase of BP's refinery operations in southern California. Tesoro will pay $1.2 billion for the refinery, which came at a $100 million discount. Tesoro ...
FTC okays Tesoro purchase of BP refineryOil & Gas Journal
FTC Clears Tesoro's $2B Deal For BP Refining AssetsLaw360 (subscription)
Report: Tesoro's acquisition of plant imminentSan Antonio Express
Thomson Reuters News & Insight -Reuters UK
all 17 news articles »

Reuters Blogs
Fed has not lowered interest rates enough: Kocherlakota
Reuters
By Ann Saphir. CHICAGO | Fri May 17, 2013 3:25pm EDT. CHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and ...
Kocherlakota on Fed stimulus: Don't stop 'til you get enoughReuters Blogs (blog)
Bulls Will Drive Market but Bernanke Is SteeringCNBC.com (blog)
Fed's Kocherlakota Sees No Benefit to Financial Stability From Tighter PolicyWall Street Journal
New York Times -Bloomberg -MarketWatch
all 14 news articles »

Economic Times
Senator seeks probe into impact of alleged EU oil price manipulation
Fox Business
WASHINGTON – The chairman of the Senate's energy committee asked the Justice Department on Friday to investigate whether alleged price manipulation by three oil companies in Europe has boosted fuel prices for U.S. consumers. "Efforts to manipulate ...
Oil-price manipulation: the next Libor?CNNMoney
EU oil price probe underlines flawed systemFinancial Times
Oil Price-Fixing Probe Widens as Neste Helps EU Inquiry: EnergySan Francisco Chronicle
Forbes -Economic Times -Reuters UK
all 13 news articles »

AFP
US Has Breathing Room Through Sept. 2 On Debt Ceiling -Lew
Wall Street Journal
WASHINGTON--The U.S. government will bump up against the federal debt limit this weekend, though a series of emergency steps will allow it to continue paying all of the nation's bills until at least early September, Treasury Secretary Jacob Lew said Friday.
UPDATE 1-US Treasury to free up $260 bln to avoid debt capReuters
Treasury Secretary Lew Urges Congress to Act on Debt LimitBloomberg
US Treasury: no impact from debt cap before SeptAFP
Politico -MarketWatch -MNI News
all 12 news articles »

San Francisco Chronicle
Mid-Day ETF Report: ETFs, Stocks Continue Four-Week Positive Streak on ...
NASDAQ
Broad-market exchange-traded funds, including SPY, IWM, IVV and others, were firmer at mid-day trade. Actively traded PowerShares QQQ (QQQ) was up 0.45%. U.S. stocks were firmer at the midsession, continuing a four weeks of gains, as riding on upbeat ...
Weekly ETF Fund Flows: Equities Lead Inflows - IndexUniverse.comIndexUniverse.com
ETF Chart of the Day: Utilities SectorETF Trends
Weekly ETF Leaders and Laggards: XME, GDXJForbes
MSN Money -Economic Times -Globe and Mail
all 43 news articles »

May consumer sentiment highest in nearly six years
Reuters
By Leah Schnurr. NEW YORK | Fri May 17, 2013 11:01am EDT. NEW YORK (Reuters) - Consumer sentiment rebounded in early May to the highest level in nearly six years, an encouraging sign after recent data that has suggested economic growth is cooling.
Consumer Sentiment Index in US Rose to 83.7 in MayBloomberg
Consumer Sentiment Hits Nearly 6-Year HighWall Street Journal
US consumer sentiment nears six-year highFinancial Times
CNBC.com -MarketWatch -Businessweek
all 26 news articles »

Bloomberg
Dollar soars, stocks gain amid talk of Fed QE exit
Reuters
By Herbert Lash. NEW YORK | Fri May 17, 2013 10:55am EDT. NEW YORK (Reuters) - Global equity markets rose and the dollar soared against a basket of currencies on Friday, reaching a nearly three-year peak, as speculation mounted over whether the ...
Dollar Climbs Above ¥103Wall Street Journal
Gold Heads for Longest Slump in Four Years on Dollar Rally, FedBusinessweek
Dollar firms as focus turns to Fed policyFinancial Times
Seeking Alpha -Reuters India -Bloomberg
all 77 news articles »

Economic Times
Leading Indicators Index in US Rises More Than Forecast
Bloomberg
The index of U.S. leading indicators climbed in April, a rebound from March that suggests the world's largest economy will accelerate later this year. The Conference Board's gauge of the outlook for the next three to six months climbed 0.6 percent in April after ...
Leading economic indicators rise in AprilMarketWatch
US Leading Economic Index Rises 0.6% In April, Much More Than ExpectedRTT News
Leading Indicators Rise in AprilTransport Topics Online
Milwaukee Journal Sentinel -The Republic -Global Economic Intersection
all 17 news articles »

Rigzone
Japan buys into US shale gas boom
Financial Times
In the latest step towards internationalising the US shale gas boom, the developer of a $10bn LNG export facility in Louisiana has agreed to sell half its stake in the project to a group of Japanese and French companies. Japan's Mitsui & Co, Mitsubishi Corp ...
For US LNG and LPG Exporters, Canal Expansion Adds Market FlexibilityRigzone
Cheniere Energy Stock Rating Lowered by Zacks (LNG)Daily Political
Mitsui, Mitsubishi and NYK to Invest in $10 Billion LNG ProjectBloomberg
StreetAuthority -Oil and Gas Online -WWL First News
all 26 news articles »Google News

Ottawa Citizen
Geography in the News: Keystone Pipeline and Canadian Tar Sands
National Geographic
Supporters and protesters continue to lobby both the White House and U.S. Congress for and against the 1,700-mile long (2,736-km) Keystone pipeline running from Alberta, Canada, to the U.S. Gulf Coast. The Keystone XL, as the pipeline is called, would ...
Harper Seeks to Build Keystone XL Support on U.S. VisitBloomberg
Sovereign Nations Walk Out of Meeting With US State Department Unanimously ...Huffington Post (blog)
Canada PM on Pipeline Plan: Oil to Come...ABC News
Wall Street Journal -Council on Foreign Relations -CounterPunch
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CNBC.com
Forget Facebook: Stocks, and IPOs, Are Just Fine - CNBC.com
CNBC.com
Investors had every reason not to trust the market after last year's Facebook fiasco—a high-profile initial public offering gone bad on multiple levels. Yet a year later, the stock market continues to rocket higher and the IPO climate is on balance better as well.
Why Facebook is an unfriendly reminder of IPO riskMarketWatch
Leaning Down: Facebook's Stock At Its IPO AnniversaryForbes
Facebook's rocky year as a public companyCNET
Telegraph.co.uk -TIME -Wall Street Journal
all 33 news articles »

ValueWalk
Yahoo may buy Tumblr for $1 billion: reports
MarketWatch
MADRID (MarketWatch) — Yahoo Inc. is reportedly in talks with Tumblr to acquire the social blogging website for as much as $1 billion, Adweek reported late Thursday, citing several sources familiar with the discussions. Tumblr is among the major social ...
Yahoo Buying Tumblr For $1 Billion - ValueWalkValueWalk
Yahoo in talks with Tumblr – reportTelegraph.co.uk
Yahoo in Talks to Acquire TumblrAdweek
Wall Street Journal -GigaOM -Bloomberg
all 76 news articles »

BBC News
European car sales in first rise for 18 months
BBC News
New car sales across Europe rose in April for the first time in 18 months, boosted by strong demand in the UK. Registrations rose 1.8% to 1.08 million in April, compared with a year ago. The last rise was in September 2011, said the industry association, ACEA ...
Europe Car Sales Post First Gain in 19 Months on GermanyBloomberg
EU Car Registrations In April Rise for First Time Since Sept 2011Wall Street Journal
European car sales up for first time since 2011Economic Times
European Rubber Journal (subscription) -Deutsche Welle -RTT News
all 14 news articles »

WBIR-TV
Officials: NY April jobless rate was 7.8 percent
Wall Street Journal
ALBANY, N.Y. — State labor officials say New York's unemployment rate dropped to 7.8 percent in April, the lowest since the end of the Great Recession in 2009. They say preliminary U.S. Department of Labor statistics show the rate fell from 8.2 percent in ...
The Road Back to Full Employment – Speech by Liam ByrneLabour Party
Michigan jobless rate dropped in AprilDetroit Free Press
Workforce study, other signs show improvementVail Daily News
The Detroit News -Boston Globe -Pioneer Press
all 95 news articles »Google News

Hindu Business Line
Bill Gates regains title of world's richest man - USA Today
USA TODAY
Bill Gates is back on top of the world again. Or at least on top of the list of the world's richest people. Co-founder of tech giant MIcrosoft, based in Redmond, Wash., Gates regained the title after Microsoft shares, up 28% so far this year, closed at a five-year high ...
Bill Gates Retakes World's Richest Title From Carlos SlimBloomberg
Bill Gates crowned world's richest person, once againCNET
Bill Gates Is World's Richest Man Once Again - MashableMashable
The Seattle Times (blog) -MyNorthwest.com -NEWS.com.au
all 32 news articles »

Caterpillar Settles With Principals Of Troubled Chinese Acquisition
Forbes
Ever since Caterpillar Caterpillar jolted investors in January with a $580 million write down of a troubled Chinese acquisition, questions have lingered over its debt obligations. Caterpillar alleged that Siwei, a mining-equipment firm in Zhengzhou, had falsely ...
Caterpillar settles accounting fraud issues at China's ERA Mining Machinerydomain-B

all 10 news articles »

Livemint
Australia Shares up 0.3% as Banks, Resources Rise
Wall Street Journal
SYDNEY--The Australian share market partly reversed a two-day losing streak as analysts predicted that global central banks will keep trying to stimulate the global economy. Resources stocks and other companies with U.S. dollar income rose on the back of ...
Dollar Set for Weekly Gains Against Majors Before Fed MinutesBloomberg
Equities pause for breath after soft US dataFinancial Times
FOREX-Dollar recovers vs the euro and yen after Williams speaksReuters
Businessweek -MarketWatch -Forbes
all 226 news articles »Google News

New York Daily News
A-Train's Return to the Rockaways Is Near
Wall Street Journal
The Metropolitan Transportation Authority on Thursday announced a plan to restore A-train subway service later this month to the Rockaways along with a sweeping strategy to make the system watertight against future storms. Long-term, officials said they ...
MTA blows up inflatable subway plug at South Ferry stationNew York Daily News
A train back to Rockaways on May 30Queens Chronicle
A Train service to Rockaways to return May 30TimesLedger
7Online.com
all 21 news articles »Google News