SEC Reviews Release of ISM Data Posted: 27 Jun 2013 08:01 PM PDT The SEC is scrutinizing how certain investors might have received potentially market-moving information from the Institute for Supply Management ahead of the public, as the trade group changes its procedures.   |
Nikkei Outperforms Asia on Weak Yen Posted: 27 Jun 2013 07:38 PM PDT Japan shares jumped higher on Friday, the last trading day of the first half, helped by a weaker yen, while China was set to record its worst monthly performance in nearly four years. The Nikkei gained 3.0%.   |
Pfizer Approves $10 Billion Share-Buyback Plan Posted: 27 Jun 2013 05:06 PM PDT Pfizer's board has authorized the buy back of an additional $10 billion in shares to boost shareholder value.   |
Japan Data Signal Deflation May Be Ebbing Posted: 27 Jun 2013 07:57 PM PDT Japan's core consumer price index stayed flat in May compared with a year earlier, the government said Friday, a sign that prices may be moving toward positive territory.   |
Google Is Developing Android Game Console Posted: 27 Jun 2013 07:58 PM PDT Google is developing a videogame console and digital wristwatch powered by its Android operating system. The company hopes to combat similar devices that Apple may release in the future.   |
White House Makes Shortlist for Bernanke's Job Posted: 27 Jun 2013 07:14 PM PDT The Obama administration has begun assembling a shortlist of candidates for the Fed chairmanship, in the expectation that Ben Bernanke won't seek reappointment.   |
BofA Rejected AIG's Request to Revise Pact Posted: 27 Jun 2013 04:18 PM PDT The lender spurned an entreaty from AIG to renegotiate an $8.5 billion deal over soured mortgage-backed securities.   |
Fed Reassures Investors on Its Plans Posted: 27 Jun 2013 03:14 PM PDT Fed officials are telling investors they misunderstood Ben Bernanke's statements about winding down the central bank's $85 billion-a-month, bond-buying program, and their message appears to be getting through.   |
Nike's Profit Jumps 22% Posted: 27 Jun 2013 06:47 PM PDT Nike's fiscal fourth-quarter profit jumped 22% on higher sales of the athletic-gear maker's shoes and apparel, while gross margins expanded for the second consecutive quarter.   |
Verizon Wireless Finishes New Network Posted: 27 Jun 2013 04:48 PM PDT Verizon Wireless said it has essentially finished upgrading its network with faster technology, as the race to provide speedy wireless networks heats up.   |
Cengage Learning Nears Chapter 11 Posted: 27 Jun 2013 06:55 PM PDT Textbook publisher Cengage Learning is preparing to file for bankruptcy-court protection in the coming days. The company is owned by private-equity firm Apax Partners.   |
U.S. Authorities Shut Down 1,600 Fake Pharmacy Websites Posted: 27 Jun 2013 07:32 PM PDT Federal regulators and law-enforcement agencies shut more than 1,600 illegal pharmacy websites this week, including fake Walgreen and CVS websites.   |
Macy's Pays Penalty Related to Worker Verification Posted: 27 Jun 2013 02:46 PM PDT Macy's will pay a civil penalty of $175,000 to settle Justice Department allegations it engaged in unfair documentation practices against immigrant employees who had work authorizations during an eligibility reverification process.   |
Winnebago Is Riding Higher Posted: 27 Jun 2013 02:19 PM PDT Winnebago Industries said its fiscal-third-quarter earnings nearly doubled on stronger demand for its recreation vehicles and motor homes.   |
Gold Settles Near Three-Year Low Posted: 27 Jun 2013 02:43 PM PDT Gold futures dipped below $1,200 a troy ounce amid continued worries about a coming end to Federal Reserve stimulus.   |
Smithfield Deal Heads to the Hill Posted: 27 Jun 2013 07:20 PM PDT The Senate Agriculture Committee will hold a hearing on July 10 to examine the proposed $4.7 billion takeover of Smithfield Foods by a Chinese pork producer.   |
U.S. Suspends Bangladesh Special Trade Status Posted: 27 Jun 2013 06:36 PM PDT The U.S. is planning to suspend its preferential trade treatment for Bangladesh, a largely symbolic move to punish the country for poor labor practices that attracted world-wide attention after a garment factory collapsed in April.   |
U.S. Regulators Agree on Capital Rule Posted: 27 Jun 2013 04:05 PM PDT Regulators will propose requiring banks to increase the amount of equity they hold against assets, known as the "leverage ratio."   |
Corzine Charged in MF Global Collapse Posted: 27 Jun 2013 05:09 PM PDT Regulators charged former MF Global chief Jon S. Corzine and former executive Edith O'Brien with the unlawful misuse of nearly $1 billion in customer funds related to the firm's collapse.   |
Reeling Bond-Fund Managers Play Offense Posted: 27 Jun 2013 05:02 PM PDT Managers of the world's largest bond funds are taking steps to reassure investors and explain their bets amid the broad bond-market selloff.   |