NEW YORK (Reuters) - U.S. stocks rallied on strong volume on Tuesday, capping off the S&P 500's best two-day run in a month, on confidence that a deal would be struck in Washington to avoid painful spending cuts and tax hikes that could hurt the economy.Banks, energy and technology - sectors that would benefit during economic expansion - led gains as investors remain confident that lawmakers...
South Korea votes in tight race on economy and jobs
Labels: BusinessSEOUL (Reuters) - South Koreans voted on Wednesday in freezing winter temperatures for a new president in a battle between the daughter of their former military ruler and a man her father jailed for political activism.The next president of Asia's fourth largest economy will have to deal with a hostile North Korea, under young and untested new leader Kim Jong-un, and a slowing domestic economy.Conservative...
Google filing error shocks investors, exposes process
Labels: BusinessSAN FRANCISCO/NEW YORK (Reuters) - R.R. Donnelley & Sons Co handles thousands of securities filings a year for corporate clients in a routine process that is invisible to most investors. On Thursday Google and its shareholders found out just what happens when that process goes wrong.Google issued a statement blaming Donnelley, its filing agent, after the Internet search company's quarterly results...
Who Owns America’s Debt?
Labels: BusinessAs the U.S. continues to rack up more than $1 trillion of new debt every year, Americans are beginning to worry about who we owe this money to and how much power our creditors have over us.According to Barry P. Bosworth, a senior fellow at the Brookings Institution, our two biggest foreign creditors are Japan and China.Although it may seem as though our debt to these countries renders us a puppet...
US housing construction up 15 percent in September
Labels: BusinessWASHINGTON (AP) -- U.S. builders started construction on single-family homes and apartments in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening.The Commerce Department said Wednesday that builders broke ground on homes at a seasonally adjusted annual rate of 872,000 in September. That's an increase of 15 percent from the August level.Applications...
Dec
12
Saints' suspensions tossed out in bounty case
Labels: SportsNEW ORLEANS (AP) — Finding fault with nearly everyone tied to the New Orleans Saints' bounty case, from the coaches to Roger Goodell, former NFL Commissioner Paul Tagliabue tossed out the suspensions of four players Tuesday and condemned the team for obstructing the investigation.
In a surprising rejection of his successor's overreaching punishments, Tagliabue wrote that he would "now vacate all...
Spice Girls take stage at musical premiere
Labels: SportsLONDON (Reuters) - The Spice Girls took to the stage on Tuesday after the world premiere of a new musical loosely based on their meteoric rise to fame in the 1990s, earning huge cheers from an audience that only really got going at the encore.
"Viva Forever!" was the brainchild of producer Judy Craymer, whose "Mamma Mia!" musical based on the hits of ABBA has earned nearly $2 billion worldwide and...
Subscribe to:
Posts (Atom)
Copyright © News Reading. All rights reserved.
Design 