Friday, March 27, 2015 08:58
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U.S. economic growth slows in fourth quarter; corporate profits fall
By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending. Corporate profits from outside the United States fell at an 8.8 percent rate, the steepest decline since the 2007-2009 recession. "Slower profit growth could mean slower investment in the coming months," said Thomas Costerg, an economist at Standard Chartered in New York...
Wall Street flat ahead of Yellen; biotechs bounce
U.S. stocks held near the unchanged mark on Friday, putting major indexes on track to barely snap a four-session losing streak, ahead of a speech by Federal Reserve Chair Janet Yellen that could create a volatile close on Wall Street. Healthcare stocks helped buoy indexes with biotech stocks bounced 2.3 percent higher after suffering a 7-percent drop in the prior four sessions, while energy was the worst performing S&P sector as crude prices resumed their decline...
Oil down as Iran deal eyed; U.S. crude in for best week in four years
Oil fell on Friday as fears about the disruption of Middle East crude shipments from Yemen's conflict eased, and focus turned to the likelihood of an Iranian nuclear deal by next week that could put more supply on the market.
U.S. Fed weighs insurers' proposal for new capital rules
By Douwe Miedema WASHINGTON (Reuters) - The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the two sides seen by Reuters and people familiar with the matter. More than a dozen senior insurance executives met Fed Governor Dan Tarullo on Feb...
Global shares advance at end of down week, oil prices retreat
Wall Street and European stocks edged ahead on Friday but remained en route to a losing week as U.S. Treasury debt yields declined on government data indicating U.S. economic growth was slowing. Trading in many markets was choppy, with oil dropping back after Thursday's spike on Saudi-led air attacks in Yemen and investors awaiting a speech on monetary policy later on Friday by Federal Reserve Chair Janet Yellen...
Neither Grexit, nor Grexident. Euro and 'drachma' in parallel?
"At some point, when the government has no more euros to pay salaries or bills, it might start issuing IOUs -- a paper saying that its holder would receive an x number of euros at a point in time in the future," one senior euro zone official said.
Ford CEO Fields received $18.6 million in 2014 compensation
By Bernie Woodall DETROIT (Reuters) - Ford Motor Co Chief Executive Officer Mark Fields made $18.6 million in salary and other compensation last year, below the $23.2 million that predecessor Alan Mulally received in 2013, the company said on Friday. Last year's compensation for Fields, 54, was for half the year as CEO and half as chief operating officer. Mulally, who was replaced by Fields on July 1, made $22 million in salary and other compensation for 2014...
Goldman climbs to top commodity bank ranking over JP Morgan
Goldman Sachs became the top commodities bank last year, overtaking rival JP Morgan, a consultancy said on Friday. Goldman had the largest commodity revenues of any investment bank last year, financial industry analytics firm Coalition said in a report. It did not give a breakdown of commodity revenues for each bank in its ranking, which showed JP Morgan in second and Morgan Stanley in third place...
Central banks call for lower capital requirements on top-quality pooled debt
Bonds based on high-quality loans should benefit from lower capital requirements to kick-start the market in Europe, the Bank of England and European Central Bank (ECB) said on Friday. The two central banks were responding to plans from the European Union's executive, the European Commission, to revive the asset-backed securities (ABS) market to improve funding for companies. The European Commission has proposed a new category of "simple, transparent and standardized" (STS) bonds to give investors confidence in a sector tarnished by the 2007-09 financial crisis...
Brazilian police arrest another executive in Petrobras probe
By Caroline Stauffer SAO PAULO (Reuters) - Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive arrested in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA . Dario Galvão, chief executive of the construction group, and Guilherme Esteves, who is being investigated for funneling bribe money, were taken to federal police headquarters in the southern city of Curitiba, according to a court spokeswoman...
Google loses ruling in Safari tracking case
The floodgates are now open for UK users to sue Google over privacy violations tied to tracking cookies.
Google teams with Johnson & Johnson for robotic-assisted surgery
Google's mysterious facility, Google X, is churning out next level technologies -- a self-driving car, delivery drones and Internet balloons. Its Life Sciences division is now teaming up with Ethicon, ...
Get Sol Republic Tracks Air Bluetooth headphones for $74.95
These gorgeous, "Beats-like" on-ear 'phones have a list price of $199.95 and sell elsewhere for at least $128.
Cyclist's helmet-cam video of argument with driver shows glory of humanity
Technically Incorrect: A Seattle cyclist is miffed that a woman has parked in a bike lane. He posts a helmet-cam video to YouTube, where many have watched. But who comes out of it better?
Next-gen high-res video faces new fees and uncertainty
So-called 4K video could arrive later and cost more because of a surprise royalty demand for a certain video compression technology.
5 Fun (and Affordable) Family Spring Break Vacations
If your winter blew, your spring doesn't have to. Here are four fun and affordable spring break ideas for the family.