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The Top News
8:06 AM - Wednesday, May 22, 2013
4 hour ago
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Reuters
NEW YORK (Reuters) - Stocks edged higher at the open on Wednesday, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy.
RELATED STORIES:
- Bond Report: Treasurys edge up ahead of Bernanke testimony - MarketWatch.com
- Market Snapshot: U.S. stocks rally after Bernanke starts testimony - MarketWatch.com
- Stocks Climb Ahead of Bernanke - SmartMoney.com
4 hour ago
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The Guardian /
Bailed out banks attempt to reassure City they will not need to tap investors – or taxpayers – for fresh capitalThe government needs a "clear strategy" to privatise Lloyds Banking Group and Royal Bank of Scotland, the International Monetary Fun . . .
RELATED STORIES:
- UK regulator says satisfied with Lloyds, RBS capital plans - FOXBusiness.com
- Regulator okays RBS, Lloyds funding plans - money.cnn.com
- Lloyds says to meet capital demands without extra funds - Reuters
4 hour ago
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FOXBusiness.com
Economists expect that the pace of existing-home sales rose in April, reaching a seasonally adjusted annual rate of 5 million, compared with a rate of 4.92 million in March, according to a MarketWatch survey.
22 hour ago
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from Seeking Alpha /
By Keith Springer:Stocks continue to inch higher as investors remain stumped. This is the most hated rally in my 29 years of managing money. Nothing in the economy supports these new highs, except of course one thing: Ben Bernanke is "making it . . .
RELATED STORIES:
- Bernanke warns against hitting the brakes too soon - CNNMoney.com
3 hour ago
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MarketWatch.com
The U.S. dollar slips Wednesday as investors wait to hear U.S. Federal Reserve Chairman Ben Bernanke’s view of the U.S. economy and what that may mean for the central bank’s program to stimulate growth.
RELATED STORIES:
9 hour ago
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WSJ.com
Sony said its board has started talks about how to address a proposal from activist investor Daniel Loeb to take part of the group's entertainment business public.
RELATED STORIES:
3 hour ago
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WSJ.com
The International Monetary Fund urged the U.K. government to ease back on its austerity program to avoid inflicting long-term damage on the nation's growth prospects.
3 hour ago
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news /
As one in six women on the Forbes power list comes from tech, Louisa Peacock suggests you no longer have to be part of society's elite to be one of the most influential.
5 hour ago
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Yahoo! News: Business News
NEW YORK (AP) — Lowe's Cos. said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales.
3 hour ago
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on The Huffington Post
WASHINGTON (AP) — Chairman Ben Bernanke is telling Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
Reducing the Fed's efforts to . . .
7 hour ago
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NPR Topics
Microsoft has designs on your living room. The software giant's new game console — Xbox One — uses speech-recognition technology and physical commands. Not just to control games, but also your TV, Skype and recorded video. Microsoft demonstrate . . .
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- Microsoft Xbox Takes on Apple, Google With TV - CNBC
- Microsoft's Mehdi: Xbox One Can Do 4K Gaming; More Original Content Coming - forbes.com / Matt Hickey
- Microsoft Stumbles Through Xbox One Announcement - forbes.com / Paul Tassi
4 hour ago
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Yahoo! News: Business News
NEW YORK (Reuters) - Clearwire Corp said on Wednesday its special committee and its board of directors approved majority shareholder Sprint Nextel Corp's revised offer to take over the company and advised investors to vote for the deal. Wireles . . .
3 hour ago
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WSJ.com
Larsen & Toubro, India's biggest engineering and construction company by sales, posted a worse-than-expected drop in its January-March net profit, sending its shares to their steepest fall in more than three years.
5 hour ago
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news /
Ed Miliband has launched a stinging attack on global businesses including Apple and Google, comparing their behaviour to that of investment banks Goldman Sachs and Lehman Brothers.
3 hour ago
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WSJ.com
Bank of New York Mellon plans to increase its wealth-management sales force by 50%, or up to 100 new positions, under a two-year recruiting campaign.
4 hour ago
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CNNMoney.com
Japan's central bank pledged Wednesday to maintain its ambitious quantitative easing program, saying that economic conditions in the country are improving.
6 hour ago
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CNNMoney.com
The Bank of Japan will maintain its stimulus program, citing improved economic conditions.
6 hour ago
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CNNMoney.com
Apple pays a lot in taxes to the U.S. government. But many tax experts and lawmakers say Apple's tax bill would be bigger if the company didn't take advantage of so many loopholes in the tax code.
4 hour ago
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Yahoo! News: Business News
NEW YORK (AP) — Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending.
3 hour ago
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money.cnn.com
The International Monetary Fund tells U.K. to increase spending on infrastructure and cut some corporate taxes to shore up its fragile economic recovery.
