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Intel urges holders to reject mini-tender offer
+1.45% on Tuesday urged the chip maker's shareholders to reject a "mini-tender offer" from TRC Capital that sought to buy up to 4 million shares of the company at $23.75 a share. Intel said it does not endorse the tender offer, which it noted was roughly 5% below Intel's closing share price of $24.99 on June 13, the day before the offer began. Intel shares were last trading ...
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US STOCKS SNAPSHOT-Wall St advances for 2nd day Fed in focus
NEW YORK, June 18 | Tue Jun 18, 2013 4:05pm EDT NEW YORK, June 18 (Reuters) - U.S. stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper recent statements that were interpreted as meaning an early reduction of stimulus efforts. The Dow Jones industrial average was up 138.76 points, or 0.91 percent, at 15,318.61. The Standard & Poor's ...
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US Federal Reserve meeting keeps intl markets in check
LONDON/ HONG KONG--Stocks edged higher on Tuesday ahead of a two-day policy meeting of the U.S. Federal Reserve that could have a huge influence on how investors see the future path of the country's monetary ...
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Sony shares rally as Loeb ups his stake
SNE ), but not good enoughyet. That's the latest message from Dan Loeb, the firebrand hedge fund manager known for vociferously agitating for changes at some of the world's largest tech firms. In a sign of "increased confidence," Loeb's Third Point hedge fund increased its stake in Sony to 70 million shares, or roughly 7%, from 6% in ...
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Chrysler relents agrees to recall 2.7 million Jeeps
Chrysler Group reversed course and agreed to a recall of 2.7 million Jeeps Tuesday, giving in to the government's request in the final hours before a ...
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Tim Hortons being circled by Wall Street hedge funds
At least two groups of American hedge funds have bought large chunks of Tim Hortons shares recently, a sign the activist investors want to push the company to make major changes to its business, or possibly give up some control over the company. In a regulatory filing Tuesday, New York-based Scout Capital Management LLC revealed it recently bought 6.1 million shares in Tim Hortons, bringing its ...
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Oil futures rise before supply data
NEW YORK (MarketWatch) -- Crude-oil futures advanced Tuesday, ahead of weekly supply data and as Mideast tensions supported prices. Crude for July ...
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Gold slumps 1.2 on fears over Fed tapering
NEW YORK (MarketWatch) -- Gold futures slumped Tuesday, hitting their lowest level in nearly four weeks, on concerns the Federal Reserve will signal it is prepared to begin slowing the flow of monetary stimulus to the economy. Gold for August ...
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US STOCKS SNAPSHOT - Nasdaq rises more than 1 pct
NEW YORK, June 18 | Tue Jun 18, 2013 2:57pm EDT NEW YORK, June 18 (Reuters) - U.S. stocks added to gains in afternoon trading on Tuesday, pushing the Nasdaq up more than 1 percent, as investors were optimistic about the outlook for the Federal Reserve's economic stimulus policies. The Dow Jones industrial average was up 153.55 points, or 1.01 percent, at 15,333.40. The Standard & ...
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GLOBAL MARKETS-Stocks firm dollar rises against yen as markets await Fed
* U.S. shares climb, Fed statement due Wednesday * Dollar up against the yen for second day * Brent crude rises to hover around $106 By Leah Schnurr NEW YORK, June 18 (Reuters) - U.S. equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of U.S. monetary support, while still pointing to economic ...
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US Wall St. plot foiled
The director of the National Security Agency said Tuesday the U.S. government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange, in a forceful defense of the spy operations. Army Gen. Keith Alexander said the two recently disclosed programs -- one that gathers U.S. phone records and another that is designed ...
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Plot against Wall Street foiled US spy chief
National Security Agency said Tuesday the US government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange, in a forceful defense of the spy operations. Army Gen. Keith Alexander said the two recently disclosed programmes, one that gathers US phone records and another that is designed to track the use of ...
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U.S. stocks Bulls emboldened
housing market was mixed. The data underscored the lackluster outlook for the economy and raised hopes the flow of cheap money from the Fed will continue, said Bruce McCain, chief investment strategist at Key Private Bank. "Ultimately, prices have to rest on the fundamentals," he said. "But for now the bulls are becoming a bit more ...
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Wall Street rises on hopes of Fed status quo
NEW YORK - U.S. stocks rose on Tuesday, led by growth-oriented sectors, as Federal Reserve policymakers gathered for a two-day meeting to discuss the future of the Fed's bond-buying to stimulate the economy. With the Fed expected to maintain the current level of purchases, shares of industrial, technology and consumer discretionary companies rallied. General Electric gained 1% to $24.02 ...
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Stocks move higher on home building low inflation waiting for word from Federal Reserve
NEW YORK, N.Y. - The stock market is moving higher in midday trading after the government reported gains in home construction and low inflation. Investors are also sending stocks up because they expect the Federal Reserve will keep in place programs meant to prop up the economy. The Dow Jones industrial average was up 110 points, or 0.7 per cent, to 15,292 at noon Eastern Daylight Time ...
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Gold down more than 1 on Fed jitters equities gain
There is not much one can do than pray that the high winds of global volatility die down soon. Note, in the two previous episodes, Re fell by 20% - so far, it is down only about ...
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Obama hints at Bernanke exit from Federal Reserve
US President Barack Obama has hinted in an interview that he may be looking for a new chief of the US Federal Reserve, saying Ben Bernanke has stayed a lot longer than the current chairman had originally planned. Mr Obama, who was speaking to the PBS television network, compared Mr Bernanke to FBI Director Robert Mueller, who agreed to stay two years longer than he had planned and is to leave ...
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FBI Plot to Bomb NYSE Thwarted by NSA Surveillance Progr...
CNBC's Eamon Javers reports the latest details on the House hearing on NSA oversight methods. And a look at security at the NYSE and Wall Street, with Ben Willis, Albert Fried & Co., and CNBC's Bob ...
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G-8 promises to tackle tax cheats
Tackling illegal tax avoidance has become increasingly important for governments as they struggle to revive their economies while paying down debt levels that exploded in the wake of the global financial ...
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Spying thwarted Wall St attack
Army General Keith Alexander said the two recently disclosed programs - one that gathers US phone records and another that is designed to track the use of US-based internet servers by foreigners with possible links to terrorism - are critical in the terrorism fight.Intelligence officials have disclosed some details on two thwarted attacks, and General Alexander offered some information on other ...
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NewsWatch U.S. stocks jump on Fed-fueled optimism
U.S. stocks climb sharply on Tuesday as the market voices confidence that Federal Reserve Chairman Ben Bernanke will allay worries about the central bank's monetary ...
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Officials Surveillance info helped stop Wall St. attack plot
Updated: 12:37 p.m.The FBI on Tuesday unveiled four terrorist plots it says were prevented in large part due to information collected by the National Security Agency's controversial, top-secret data gathering programs, including planned bombings of both the New York City subway system and the New York Stock Exchange. According to Sean Joyce, the Deputy Director of the FBI, and General Keith ...
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YieldBoost Nasdaq OMX Group From 1.6 To 11.6
NASD: NDAQ ) looking to boost their income beyond the stock's 1.6% annualized dividend yield can sell the January 2014 covered call at the $35 strike and collect the premium based on the $1.95 bid, which annualizes to an additional 10.1% rate of return against the current stock price (at ...
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Stocks Bulls becoming emboldened
housing market was mixed. The reports underscored the lackluster outlook for the economy and raised hopes the flow of cheap money from the Fed will continue, said Bruce McCain, chief investment strategist at Key Private Bank. "Ultimately, prices have to rest on the fundamentals," he said. "But for now the bulls are becoming a bit more ...
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MacBook Air The ultimate road warriors notebook
With the new 11-inch Air, Apple says the battery capacity remains unchanged. The improved battery life actually results from Intel's new energy-conscious Haswell chip. FORTUNE -- With laptops, all-day battery life remains an elusive, almost mythic, thing. Because unless it's an HP ...
Kyrgyzstan Featured
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Kyrgyzstan must stick to long-term development plans
While news of the political unrest and government change in early 2010 dominates the world headlines, Kyrgyzstan faces an uncertain future as long-term plans for infrastructure development are thrown into disarray and uncertainty.
Kyrgyzstan is one of the poorest countries in Central Asia and stands to benefit greatly from long-term development plans initiated under the auspices of the Central Asian Regional Economic Cooperation (CAREC) Program, if the interim government can move on from the current political crisis and stabilize the country’s economy and political future. Read more
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