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The Top News
10:05 PM - Wednesday, May 22, 2013
6 hour ago
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CNBC
China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.
3 hour ago
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WSJ.com
Luxury electric-car maker Tesla Motors said it fully repaid a $452 million federal loan and said it would be able to finance development of its next two vehicles without selling new shares.
RELATED STORIES:
- Tesla CEO On Repaying Taxpayer Loan: I Hope We Did You Proud - forbes.com / Joann Muller
- Electric carmaker Tesla pays off U.S. loan - FOXBusiness.com
7 hour ago
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FOXBusiness.com
The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada-to-Nebraska leg of the Keystone XL oil pipeline, a move that would take a decision on the project aw . . .
6 hour ago
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FOXBusiness.com
Hong Kong stocks dropped early Thursday as concerns that the Federal Reserve was considering winding down its bond purchases weighed on sentiment, with investors also cautious ahead of a preliminary reading on Chinese manufacturing activity in May.
RELATED STORIES:
- Hong Kong Mercantile Exchange Being Probed - WSJ.com
- ASIA MARKETS: Hong Kong, Sydney Stocks Fall; Tokyo Ends Up - FOXBusiness.com
5 hour ago
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WSJ.com
Clearwire said it hasn't had 'substantive' talks with Dish Network since last month, and doesn't expect the satellite-TV operator to top Sprint's sweetened offer for the wireless broadband provider, which Clearwire supports.
6 hour ago
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CNBC
Volatile trading in stocks and bonds could continue while investors sort out what's going on with the Fed.
4 hour ago
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Yahoo! News: Business News
SYDNEY (AP) — Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.
RELATED STORIES:
- High costs, currency push Ford out of Australia car manufacturing - Yahoo! News: Business News
- Auto plants skipping summer shutdowns - CNNMoney.com
13 hour ago
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FOXBusiness.com
Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.
RELATED STORIES:
- SoftBank would appoint "security director" to Sprint board - Yahoo! News: Business News
8 hour ago
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FOXBusiness.com
Borders owes nothing to holders of roughly $210.
5 hour ago
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WSJ.com
The Securities and Exchange Commission on Wednesday charged South Miami, Fla. with misleading investors about the tax-exempt eligibility of a downtown public-parking garage and retail development.
7 hour ago
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Washington Post
When Federal Reserve Chairman Ben S. Bernanke spoke Wednesday morning on Capitol Hill, his words seemed to hint that the central bank’s stimulus wouldn’t be pulled back anytime soon. The Dow Jones industrial average surged. Read full article >>
7 hour ago
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on The Huffington Post
By Andy Sullivan, Gabriel Debenedetti and Poornima Gupta WASHINGTON, May 22 (Reuters) - For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable companies in the world. Now the iPad maker . . .
4 hour ago
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MarketWatch.com
Gold futures fall, weighed by strength in the U.S. dollar after the head of the U.S. Federal Reserve indicates the central bank could start tapering stimulus efforts in the coming months.
14 hour ago
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BBC
The damage from the Oklahoma tornado could reach $2bn (£1.3bn), officials warn, although many tenants may have no insurance cover.
RELATED STORIES:
- Tornado victims face long haul with insurers - money.cnn.com
- FEMA offers aid to tornado victims - KOCO.com
- Christie Sticks Up For Oklahoma Tornado Victims - on The Huffington Post
12 hour ago
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news /
Markets surged to record highs on Wednesday as US Federal Reserve chairman Ben Bernanke said it would not slam the breaks on quantitative easing, but quickly fell back again amid fears it could rein in the artificial stimulus within the next fe . . .
RELATED STORIES:
- Stocks falter as Bernanke rally fades - money.cnn.com
- Europe Markets: Europe stocks climb after Bernanke comments - MarketWatch.com
- Bernanke & the Markets - CNBC
12 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 economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman . . .
RELATED STORIES:
- Markets soar as Bernanke warns against slowing stimulus - news
- Stocks fall on news Fed weighed cutting stimulus - Yahoo! News: Business News
- Bernanke says more progress needed before stimulus pullback - Reuters
6 hour ago
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CNBC
Singer and actress Jennifer Lopez is going in a whole new direction, and using Verizon Wireless to get there.
10 hour ago
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MarketWatch.com
An earlier version of Wednesday’s Market Snapshot gave incorrect historical information on the Dow Jones Industrial Average’s intraday swings. Wednesday’s gap between the highs and lows was the largest since February 25, 2013.
3 hour ago
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Yahoo! News: Business News
By Kentaro Sugiyama and Yoko Kubota TOKYO (Reuters) - Mitsubishi Motors Corp is taking steps toward resuming dividend payments after nearly a decade-long turnaround bankrolled by other Mitsubishi group companies, according to people with direct . . .
12 hour ago
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Reuters
WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke said on Wednesday . . .
RELATED STORIES:
- JGB yields surge, markets spooked by Bernanke remarks - Yahoo! News: Business News
