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Wall Street Preview
Wall Street Preview IBB, AAPL , GOOG, DE, LUV Wednesday after the close these companies reported earnings: ACXM, ANW, CSCO, DDS, EGLE, JACK, NTES, NQ, SB, SAPE, SVM, SKX, YOKU Futures are lower after hours: S&P 500 futures are -2.05 from fair value of 1656.35 and NAS 100 futures are -0.38 from fair value of 3001.38. Thursday before the open these companies are scheduled to report earni ...
George Soros Fund Dumps Banks, Reduces USA, Gold Exposure
George Soros Fund Dumps Banks, Reduces USA, Gold Exposure Soros Fund reports no stakes in Morgan Stanley NYSE: MS, JP Morgan NYSE:JPM AAPL, GE, JCP GDX, GLD, C, AIG Soros Fund Management LLC disposed of stakes in banking giants J.P. Morgan Chase & Co.,and Morgan Stanley in Q-1, while lowering its position in Citigroup Inc. NYSE:C, and Apple Inc. NASDAQ:AAPL, according to a regulatory f ...
US Senate Bill would open MLP business structure to renewable energy
US Senate Bill would open MLP business structure to renewable energy Legislation recently introduced in the US Senate seeks to level the energy playing field between fossil and renewable energy projects. The bill, titled the Master Limited Partnerships Parity Act, would allow investors in renewable energy projects access the corporate structure of master limited partnerships. The business ...
High Level Corruption in the USA
IRS Stalled Conservatives, Gave Liberals a Pass on Tax Exemptions Evidence is piling up that the Internal Revenue Service gave better treatment to left-wing groups than those on the right, with data showing the agency approved dozens of liberal and progressive organizations as tax-exempt while leaving conservative groups hanging. No Tea Party applications were approved in a 27-month period ...
Obamagate: Jail Time Called for Violators
Jail Time Called for Violators in IRS Scandal House of Representatives Speaker John Boehner raised the possibility of jail time Wednesday for law violations in the growing scandal involving the Internal Revenue Service's targeting of conservative groups for extra tax scrutiny. "My question isn't about who is going to have to resign, my question is who is going to jail over this scandal," Mr ...
China Withdraws Stimulus
China Withdraws Stimulus China's central bank is set to reduce the amount of money in the financial system this week for the 1st time in 3 wks, as the flow of speculative funds from overseas increases the need to avoid oversupply. The People's Bank of China is likely to drain a net CNY35-B ($5.70-B) through its regular open-market operations, traders participating in the operations said Thu ...
Global economic recovery losing momentum
Global economic recovery losing momentum Global economic recovery has lost momentum over the past three months, with several economies still facing significant challenges and are unlikely to resume "normal" growth rates soon, the investors service of international credit rating agency Moody's said Wednesday. In a report titled "Update to Global Macro Outlook 2013-14: Loss of Momentum," Mood ...
Indonesia to simplify business license for the Crude Oil, Nat Gas sector
Indonesia to simplify business license for the Crude Oil, Nat Gas sector Indonesian President Susilo Bambang Yudhoyono said Wednesday that the government would simplify licensing for investment on oil and gas sector, in a bid to attract investment. President Yudhoyono said that the number of license for exploration and production that had to be owned by investors was dozens, which he consid ...
Vietnam targets to earn US$40-B from electronics exports by 2017
Vietnam targets to earn US$40-B from electronics exports by 2017 SSNLF Vietnam set a target to earn US$40-B from electronics exports by Y 2017, over nearly US$20-B from Y 2012. The remarks were made by Vietnamese Deputy Prime Minister Nguyen Thien Nhan at the 18th Annual World Electronics Forum (WEF) in capital Hanoi, which drew the world's leading electronics associations, including th ...
Chinese Concerned About Bloomberg Terminals
Chinese Concerned About Bloomberg Terminals Chinese users of Bloomberg terminals expressed concerns Wednesday about Bloomberg News allowing journalists access to data on how clients use the terminals and urged the company to protect client data and ensure financial security. The concerns were in response to media reports Tuesday that China's central bank and foreign exchange regulators had ...