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The Top News
11:27 AM - Wednesday, May 22, 2013
3 hour ago
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Yahoo! News: Business News
By Pedro da Costa and Alister Bull WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the U.S. central bank needs to see further signs of traction before taking its foot off the gas, Fed Chair . . .
RELATED STORIES:
- Markets soar as Bernanke warns against slowing stimulus - news
- Bernanke: Bond Buying Could Slow - WSJ.com
- The Fed: Bernanke: ‘Step down’ in QE could come soon - MarketWatch.com
6 hour ago
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MarketWatch.com
Existing-home sales rose in April to hit the highest rate since November 2009, pointing to an ongoing recovery supported by low interest rates and pent-up demand, according to data released Wednesday.
5 hour ago
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CNBC
If it sounds like Fed Chair Ben Bernanke is dancing in his testimony, it's because he is doing rhetorical figure eights in trying to signal where the Fed is going.
RELATED STORIES:
- Indications: Stock futures edge up ahead of Bernanke, data - MarketWatch.com
- Stocks open higher ahead of Bernanke testimony - msnbc.com / Justin Menza
- Bernanke Testimony Keeps Traders Guessing - forbes.com / Dean Popplewell
6 hour ago
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CNBC
The IRS official at the center of a probe of the agency invokes the Fifth Amendment during a congressional hearing.
RELATED STORIES:
- IRS Official Takes the Fifth at Tax Hearing - CNBC
- IRS official to plead 5th - CNN.com
- IRS official Lerner: 'I did nothing wrong' - Yahoo! News: Business News
6 hour ago
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money.cnn.com
Royal Bank of Scotland and Lloyds won't need to tap investors or taxpayers for new funds to bolster their financial strength as they prepare for return to the private sector.
RELATED STORIES:
- Osborne prepares ground for RBS and Lloyds sell-off - The Guardian / Jill Treanor
- Lloyds Banking Group Climbs As Capital Concerns Ease - DailyFinance / Stuart Watson
- Lloyds says to meet capital demands without extra funds - Reuters
5 hour ago
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CNBC
Clearwire board wants shareholders to accept a richer buyout offer made by Sprint.
RELATED STORIES:
- Clearwire Backs New Sprint Offer - WSJ.com
- Sprint boosts buyout offer for Clearwire - Yahoo! News: Business News
- Sprint Boosts Bid for Clearwire - WSJ.com
4 hour ago
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money.cnn.com
Read full story for latest details.
RELATED STORIES:
- Jamie Dimon's softer tone wins over JPMorgan shareholders - news / Katherine Rushton
- Jamie Dimon Win Sends A Dangerous Message To Wall Street - on The Huffington Post / Mark Gongloff
- Don't Buy the Negative Hype on Jamie Dimon - Fool.com
3 hour ago
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CNNMoney.com
Sony shares spiked to their highest level in two years Wednesday as the company said it would consider a proposal to spin off its movie and music division.
RELATED STORIES:
- Sony to Discuss Loeb Plan - WSJ.com
- JPMorgan Chase Defeats Anti-Dimon Proposal - on The Huffington Post / Shahien Nasiripour
3 hour ago
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FOXBusiness.com
While there was no consensus among Federal Reserve officials on when the central bank could begin to slow down asset purchases, a "number" of central bank officials were willing to taper as soon as their next meeting in June, according to the m . . .
14 hour ago
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on The Huffington Post
MOORE, Okla., May 22 (Reuters) - Rescue efforts in the tornado-ravaged Oklahoma City suburb of Moore continued through the night into Wednesday morning, with officials increasingly confident that everyone caught in the disaster had been acc . . .
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6 hour ago
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MarketWatch.com
NEW YORK (MarketWatch) -- The U.S. dollar extended losses on Wednesday as Federal Reserve Chairman Ben Bernanke said ending quantitative easing right now wouldn't lead to sustainable economic growth. "A premature tightening of monetary policy . . .
RELATED STORIES:
- Gold adds to gains, oil pares losses on Bernanke - MarketWatch.com
- Europe stocks erase losses after Bernanke comments - MarketWatch.com
- Europe Markets: Europe stocks climb after Bernanke comments - MarketWatch.com
5 hour ago
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MarketWatch.com
SAN FRANCISCO (MarketWatch) -- U.S. stocks shed much of their early gains Wednesday and gold swung lower after Federal Reserve Chairman Ben Bernanke said, in answer to a question from a Congressional committee, the Fed's slowing of asset purcha . . .
RELATED STORIES:
- Treasurys rise ahead of Bernanke testimony - MarketWatch.com
- Treasurys rise on Bernanke's dovish statement - MarketWatch.com
7 hour ago
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Washington Post /
Ben Bernanke testifies before Congress today for the first time in three months, and the Federal Reserve chairman has a message for lawmakers: You're the reason the economy isn't taking off more. Of course, Bernanke is too polite to phrase thin . . .
RELATED STORIES:
- Yahoo Buys Tumblr and Bernanke’s Ammo Runs Low: Market Recap - Wall St. Cheat Sheet
- Bernanke Warns Tightening Could End Growth - FOXBusiness.com
6 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.
7 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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WSJ.com
Pfizer plans to shed its majority stake in animal-health company Zoetis, continuing Pfizer's efforts to its hone its focus on drugs and vaccines for humans.
5 hour ago
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MarketWatch.com
An Orlando, Fla., man whom U.S. law enforcement questioned as an associate of the Boston bombing suspects, is shot and killed after he tried to attack a Federal Bureau of Investigation agent, according to the FBI and a U.S. law-enforcement offi . . .
5 hour ago
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Yahoo! News: Business News
PARIS (Reuters) - Societe Generale said on Wednesday that it was moving to dismiss its top Russian executive days after his shock arrest on bribery charges. The decision by Russian subsidiary Rosbank's board to fire its head, Vladimir Golubkov, . . .
4 hour ago
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on The Huffington Post
NEW YORK (AP) — One after another, major U.S. corporations have updated anti-discrimination policies to protect gay, lesbian and transgender workers, drawing plaudits from gay-rights groups. There's one prominent exception: Exxon Mobil Corp.
. . .
8 hour ago
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forbes.com /
Yesterday afternoon, Microsoft debuted their new console, the Xbox One, at long last. We saw the controller, the box itself, a redesigned Kinect and some new features and games over the course of an hour.
RELATED STORIES:
- Eight Reasons To Buy Microsoft's New Xbox One - forbes.com / Nigam Arora
- Microsoft's Innovation That Apple Missed - from Seeking Alpha / Justin Jaynes
