Showing posts with label World. Show all posts
Showing posts with label World. Show all posts

Stock index futures signal mixed Wall Street open

LONDON (Reuters) - Stock futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 rising 0.2 percent, the Dow Jones futures down 0.2 percent and the Nasdaq 100 futures up 0.3 percent.


Apple stepped up audits of working conditions at major suppliers last year, discovering multiple cases of underage workers, discrimination and wage problems.


Samsung Electronics turned cautious on spending for the first time since the global financial crisis, keeping its annual investment plan unchanged at 2012 levels, as demand for computer chips wanes and the smartphone market slows.


Procter & Gamble , the world's top household products maker, and smaller rival Kimberly-Clark will kick off the earnings season for U.S. household products makers. Halliburton , the world's second-largest oilfield services company, is also due to report results.


Honeywell , the diversified U.S. manufacturer, will be in focus as it reports earnings, with modest growth in demand for systems used to manage large buildings expected to be offset by declining sales to the military.


The Commerce Department releases new home sales data for December at 1500 GMT. Economists forecast a total of 385,000 annualized units, compared with 377,000 in November.


Economic Cycle Research Institute releases its weekly index of economic activity for January 18 at 1530 GMT. In the prior week the index read 130.


European shares <.fteu3> rose 0.1 percent after a survey showed German business morale improved for a third consecutive month in January.


The smallest of gains gave the Standard & Poor's 500 its seventh straight winning day on Thursday, but the index failed to hold above the 1,500 line, restrained by Apple's worst day in more than four years.


The Dow Jones industrial average <.dji> rose 0.33 percent at the close, the S&P 500 <.spx> ended flat and the Nasdaq Composite <.ixic> dropped 0.74 percent. Most of the Nasdaq's loss was due to Apple's slide of more than 12 percent after disappointing earnings.


(Reporting by Atul Prakash; Editing by Susan Fenton)



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Stock futures signal losses; all eyes on Apple

PARIS (Reuters) - Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.22 percent, Dow Jones futures up 0.02 percent and Nasdaq 100 futures down 1.3 percent at 1014 GMT.


Shares of Apple Inc will be in the spotlight after the world's biggest tech company missed Wall Street's revenue forecast for the third straight quarter after iPhone sales came in below expectations, fanning fears that its dominance of consumer electronics is slipping.


Shares of the company traded in Frankfurt were down 8 percent early. They sank 10 percent to $463 in after-hours trade on Wall Street on Wednesday night, wiping out some $50 billion of its market value - nearly equivalent to that of Hewlett-Packard and Dell combined.


A U.S. trade panel that specializes in patent disputes will review a potentially key decision in the patent fight between Samsung Electronics and Apple Inc over smartphones and tablets.


European shares were mostly flat in morning trade, as bullish economic data out of China offset Apple's weaker-than-expected figures which fanned earnings worries in the technology sector. <.eu/>


Noble Corp , owner of the world's third-largest offshore drilling fleet, reported on Wednesday a lower-than-expected quarterly profit as it struggled with maintenance for five high-end rigs, even as demand for its most capable units increased.


Raymond James Financial Inc said quarterly profit rose 27.6 percent, boosted by strong performance from its brokerage and capital markets divisions.


Investors in U.S.-based mutual funds pumped $9.32 billion into stock funds in the week ended January 16, the second consecutive week of inflows for such funds, data from the Investment Company Institute showed on Wednesday.


Hard disk drive maker Western Digital Corp's second-quarter results beat analysts' expectations, helped by growth in its enterprise segment. Shipment in the enterprise segment rose about 10 percent from first-quarter levels to 6.63 million units, analyst Nehal Chokshi of Technology Insights Research told Reuters.


Japanese regulators have joined their U.S. counterparts in all but ruling out overcharged batteries as the cause of recent fires on the Boeing Co 787 Dreamliner, which has been grounded for a week with no end in sight.


Amgen Inc on Wednesday projected revenue for 2013 that exceeds Wall Street estimates and said it was on track to deliver on its 2015 forecasts well ahead of schedule.


Pamplona Capital Management, holder of 9.3 percent of Nabors Industries Ltd , has become "increasingly concerned" about the underperformance of the drilling rig contractor's shares, according to a regulatory filing on Wednesday.


Symantec Corp plans to slash its management ranks and reorganize into 10 business areas, but has decided not to sell off major assets after a strategic review by its new early this month.


SanDisk Corp's modest revenue outlook disappointed investors looking for a rebound in memory chips widely used in smartphones and tablets, sending its shares lower.


Netflix Inc surprised Wall Street on Wednesday with a quarterly profit after the video subscription service added nearly 4 million customers in the United States and abroad, sending its shares 35 percent higher in after-hours trading.


Among the companies set to report results on Thursday feature Bristol-Myers Squibb , Lockheed Martin , 3M Company , Microsoft , Raytheon , Starbucks , AT&T Inc. , and Xerox Corp. .


On the macro front, investors awaited weekly jobless claims, at 1330 GMT, Markit Manufacturing PMI for January, due at 1358 GMT, and December leading economic indicators, due at 1500 GMT.


The S&P 500 rose for a sixth day on Wednesday after stronger-than-expected profits from IBM and Google but the rally could be halted as Apple's after-hours miss sent its shares lower.


The Dow Jones industrial average <.dji> rose 67.12 points or 0.49 percent, to 13,779.33, the S&P 500 <.spx> gained 2.25 points or 0.15 percent, to 1,494.81, and the Nasdaq Composite <.ixic> added 10.49 points or 0.33 percent, to 3,153.67.


(Reporting by Blaise Robinson)



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Dirty secrets: What’s under the front lawn?






Homebuyers are naturally curious about the house they want to buy. But there’s one area — under the front lawn — that rarely draws attention until after the deal closes. Then, whatever’s buried beneath that innocent-seeming expanse of grass can become a major headache to the new homeowner.


What’s under the lawn varies from house to house, but following are the typical components.






Sewer line


A sewer line carries plumbing waste away from the house.


Most “lines” are actually pipes made of clay tile or hard plastic, according to Loren Schirber, owner of Castle Building & Remodeling, a design and build contractor in Minneapolis. Plastics generally are more durable and less susceptible to invasive tree roots, the chief cause of trouble that plagues older clay pipes. Roots creep into cracks, suck up water and grow inside the pipe until it breaks.


Repair or replacement of a sewer line can be costly, especially if the damaged portion extends under the road. Municipal codes vary, but in some localities, homeowners are responsible for the line from the house to the main.


“The sewer line is the worst thing out there or has the most potential for trouble,” Schirber says. “When it does fail, they bring in a big backhoe and dig a trench from your house to the middle of the street and install a new sewer pipe, which can be very expensive.”


If trouble is suspected, a tiny camera can be sent through the pipe to locate and investigate the problem. That’s a useful tip for buyers who want to check out a sewer line before they buy a house.


Gas line


A gas line transports natural gas into the house.


A leak in this pipe can be dangerous, as natural gas is a fire hazard and can even cause an explosion. “If you’re digging, and you hit that with a shovel, it will be bad news,” Schirber warns.


Responsibility for repairs depends on local ordinances and the location of the problem. In some places, the utility company owns the line up to the meter and the homeowner owns the line from the meter to the house, Schirber says. If a leak is detected, the gas should be shut off until the line is repaired or replaced.


Water line


A water line is a pipe that brings water into the house.


In some older neighborhoods, water lines run across neighbors’ yards, rather than directly to the main supply, according to David Ellis, owner of Ellis Construction Inc., a homebuilding and renovation company in Boulder, Colo. That can prove tricky if a shutdown, repair or upgrade is necessary.


“If you have to access your water line, you’ll have to get permission to dig through your neighbor’s yard,” Ellis says.


It’s handy to have a shut-off valve, so the water system can be taken out of service if there’s a plumbing leak inside the house, Schirber adds.


Power line


Power lines transmit electricity.


These lines can be buried to keep them away from trees and branches and make a home or neighborhood more aesthetically pleasing. Some buried lines connect the house to the main service. Others simply run out to a decorative lamp on the lawn, Schirber says.


Underground electric lines experience fewer outages due to high winds or lightning and reduce the need to trim trees, according to “Considering Underground Electrical Service?” a guide published by Tampa Electric in Florida. But underground service is more costly to install and repair and is susceptible to uprooted trees, tree roots, flying debris from severe weather, flooding and tidal surges, the guide says.


Sprinkler system


A sprinkler system is a network of shallow water pipes and nozzles for watering the lawn.


Sprinklers are a desirable amenity in hot climates, but they’re less appealing in places where long, cold winters add extra maintenance chores.


“You have to use an air compressor to blow all the water out of the lines so you don’t end up with them freezing,” Schirber explains.


Soil


The point may seem obvious, but there’s also a lot of soil beneath any lawn. And the composition of that soil can be a concern during construction, according to Ellis. For example, expansive soils, which swell when wet, can wreak havoc on foundations.


“If your soils are expansive or can’t support a certain amount of weight, you can get hit with some significant cost increases,” he says.


He recalls one project in which a $ 500 footing pad, which would have rested on top of the soil, turned into $ 5,000 for drilled piers, which connected a small addition down into the bedrock.


To avoid surprises and disasters, a soils engineer should be called out to investigate before building begins.


More From Bankrate.com


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Stock index futures signal lower Wall Street open

LONDON (Reuters) - Stock futures pointed to a slightly lower open on Wall Street on Wednesday after gains in the previous session, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling 0.1 to 0.2 percent.


A measure to extend the U.S. debt limit for nearly four months moved closer to a vote and the White House said the president would sign the bill if it cleared Congress, easing uncertainty that could have threatened the U.S. economy.


Focus will be on Apple results. Analysts on average estimate Apple's fiscal first-quarter earnings per share at $13.41, down slightly from $13.87 in the year-earlier quarter. Revenue is seen up 18 percent at $54.7 billion, according to Thomson Reuters I/B/E/S.


Other major companies announcing results include Well point , McDonald's and Abbott .


Revenue from Google Inc's core Internet business outpaced many analysts' expectations during the crucial holiday quarter and advertising rates fell less than in previous periods, pushing its shares up roughly 5 percent. Google shares in Frankfurt were up 4.7 percent on Wednesday.


IBM , the world's largest technology services company, gave a better than expected 2013 outlook after a solid fourth quarter that analysts say has more to do with Big Blue's smooth execution than a vibrant tech spending environment. IBM's shares in Frankfurt were 4 percent higher on Wednesday.


The Mortgage Bankers Association releases Weekly Mortgage Market Index for the week ended January 18 at 1200 GMT. The index read 836.5 and the refinancing index was 4,563.7 in the previous week.


JPMorgan Chase & Co Chief Executive Jamie Dimon apologized to shareholders for the $6 billion loss caused by the so-called "whale" trade, calling it a "terrible mistake," but said the bank has moved on and is still highly profitable.


British Prime Minister David Cameron said on Wednesday he would hold a referendum before the end of 2017 to decide whether Britain remains a member of the European Union, provided he wins the next election.


ICSC/Goldman Sachs release chain store sales for the week ended January 18 at 1245 GMT. In the previous week, sales fell 0.6 percent.


Redbook releases its index of department and chain store sales for January at 1355 GMT. In December, sales fell 0.3 percent.


At 1455 GMT, the Institute for Supply Management Chicago releases annual revisions to its index of manufacturing activity. In December, the index read 51.6.


European shares <.fteu3> were flat in early trading on Wednesday, with encouraging earnings reports from some companies underpinning the market.


Bank and commodity shares led the benchmark Standard & Poor's 500 Index to a fresh five-year closing high on Tuesday on hopes that the global economy continues to mend.


The Dow Jones industrial average <.dji> rose 62.51 points, or 0.46 percent, to 13,712.21 at the close on Tuesday. The S&P 500 <.spx> gained 6.58 points, or 0.44 percent, to 1,492.56. The Nasdaq Composite <.ixic> added 8.47 points or 0.27 percent, to 3,143.18.


(Reporting by Atul Prakash/editing by Chris Pizzey, London MPG Desk, +44 (0)207 542-4441)



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Orlando Plastic Surgeon Uses Social Media to Improve Doctor-Patient Relationships






ORLANDO, FL–(Marketwire – Jan 22, 2013) – Dr. Jon Paul Trevisani, a board-certified plastic surgeon in Orlando, strives to provide his patients with the most comprehensive level of care — both inside and outside his office. Recently, he and his staff ran a contest on Facebook to promote his practice and encourage online discussion between those who are considering plastic surgery and patients wishing to share their experiences. By answering weekly questions, Facebook fans of The Aesthetic Surgery Centre competed for prizes such as an Apple TV, an iPad, and an American Express gift card.


With the contest, Dr. Jon Paul Trevisani hoped to accomplish three main goals for his Orlando plastic surgery practice:






1. Develop a higher level of engagement with patients
2. Improve online and social media interaction
3. Spur continued enthusiasm on Facebook between new and existing patients following the contest 


The contest questions revolved around topics that, from Dr. Jon Paul Trevisani’s experience, are generally popular among patients visiting the practice for a consultation — including breast implants, tummy tuck surgery, and postoperative care. Additionally, other questions were focused on the Orlando plastic surgeon himself so that current and potential patients could view him not just as a surgeon, but also a person with hobbies and interests similar to their own.


Upon its conclusion, Dr. Jon Paul Trevisani and his staff believe the contest to have been a success. According to him, the contest increased the practice’s Facebook traffic, allowed for continued interaction with past and potential patients, and has created engagement and enthusiasm on the practice’s Facebook wall that has continued after the contest’s end. “We certainly exceeded our expectations,” said Dr. Jon Paul Trevisani.


Dr. Trevisani believes participants felt a sense of connection to the office during the contest, regardless of whether or not they were current, past, or potential patients. He says there was an overall enthusiasm throughout the contest, and it allowed patients who might have been a little intimidated by an office visit or consultation setting to post their questions and receive almost instant clarification.


In the end, The Aesthetic Surgery Centre Facebook fanbase increased by a total of 400 fans within a three month period. The contest and the gift giveaways not only helped drive traffic on the practice’s Facebook page but also increased traffic on the practice’s main website. The practice has since experimented with posting questions to the Facebook page without an explicit incentive and the patients have still been participating.


To view an example of the blog posts Dr. Jon Paul Trevisani’s office also posted throughout the contest, read: “Staff Members at The Aesthetic Surgery Centre.”


About Jon Paul Trevisani, MD, FACS


Dr. Jon Paul Trevisani is a board-certified plastic surgeon in Orlando, FL. He earned his medical degree at the University of Nebraska Medical School in Omaha and has been the recipient of numerous medical awards including the Patients’ Choice Award in 2010. Dr. Jon Paul Trevisani is also frequently featured in Orlando Style Magazine and a member of the American Society for Aesthetic Plastic Surgery and the American Society of Plastic Surgeons.


He is available for interview upon request.


Marketwire News Archive – Yahoo! Finance




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Shares hit 20-month high as Japan promises open-ended easing

LONDON (Reuters) - World shares hit a new 20-month high on Tuesday after Japan's central bank promised to pump unlimited stimulus into the country's economy to fight the threat of deflation and generate growth.


The Bank of Japan, which has been under intense political pressure to overcome deflation, hiked its inflation target to 2 percent and said that from 2014 it would adopt an open-ended commitment to buy assets.


The move surprised markets, which had expected another incremental increase in its 101 trillion yen ($1.12 trillion) asset-buying and lending program, though the delay until the easing measures kick in dulled the impact and saw the yen edge higher against the dollar.


"From 2014 onwards it's positive ... (but) from now until then, they are not doing anything more aggressive to weaken the yen," said Roy Teo, an FX strategist for ABN Amro.


Equity markets, particularly in Japan, have risen strongly in the run up to Tuesday's meeting, and the confirmation of the plans was enough to lift the MSCI world index <.miwd00000pus> 0.15 percent to a fresh 20-month high of 352.54.


European shares, which have been testing two-year highs in recent days, saw a more subdued start as investors awaited a cue from U.S. corporate earnings figures later in the day.


London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> opened between flat and down 0.1 percent, leaving the FTSEurofirst 300 <.fteu3> down 0.1 percent.


Brent crude rose 0.3 percent to $112.07 a barrel, and gold was up 0.2 percent as the BOJ's latest easing action added to recent positive data from the United States and China, while growing confidence in the strength of China's economic recovery pushed London copper up 0.7 percent to $8,111.75 a metric ton.


General market sentiment was also supported by signs of a compromise to avert a U.S. fiscal crisis.


Republican leaders in the U.S. House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, aimed at avoiding a fight over the looming federal debt ceiling.


In the European bond market, Bund futures were steady as investors eyed a new 10-year Spanish bond and waited on the ZEW investor sentiment index due at 1000 GMT for the latest gauge on the health of the euro zone's largest economy, Germany.


(Reporting by Marc Jones; Editing by Will Waterman)



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Give Your Driveway the Red Carpet Feel!






LONDON, UNITED KINGDOM–(Marketwire – Jan 21, 2013) – Looking to give your home and garden that certain ”je ne sais quoi” but aren”t sure where to find it? Well look no further, as Bradstone have the answer for you! Thanks to their collection of stylish driveway paving, this structural supplier can now give YOUR home that touch of character you”ve been searching for. Giving your driveway the personal touch not only treats it to a much needed makeover, but it will also make your house stand out of the crowd. Interested? Here”s how you can achieve it!


Which driveway is for you?






Bradstone offer a fantastic selection of high quality driveway products; all that”s left to do is to choose the best one for you…


  • Stonemaster Paving- demonstrating a sawn sandstone or granite look, these paving slabs are so realistic that they are often mistaken for the material itself. What”s more, Stonemaster is also very versatile! Whether you”re aiming for a random design, or a more uniform style of paving, the Stonemaster can master it all. 

  • Woburn Cobble Paving- if you”re looking for that added charm to your household, then Woburn Cobble can definitely give you that ”wow factor.” Existing as one of the more popular paving solutions, the Woburn Cobble design is weathered in appearance, but attracts customers because of its ”homely feel.” It”s also available in four different complementary shades; what”s not to love?

  • Driveflair Paving- searching for a driveway with extra glamour? Then Driveflair could be the one for you! As the name suggests, this paving holds an element of style which will make your home and garden the envy of all your neighbours. With a mix and match range to choose from, this paving will provide you with a fantastic look for years to come thanks to its textured surface finish.

  • Traditional Paving- if you”re less inclined to contemporary designs then there is always the Traditional paving to keep you company. With its subtle shades and ranges of size, this is perfect for any home, so bear it in mind if you”re after a change.

This is just a snippet of the vast choices available from Bradstone, so if you fancy sprucing up your driveway, then get looking now!


Notes to Editors


  • Bradstone is an Aggregate Industries business and a leader in the manufacture and supply of domestic paving, walling, edging, decorative stone and driveway products

  • All Bradstone”s products are available nationally through a large number of DIY stores, builder”s merchants and independent merchants

Marketwire News Archive – Yahoo! Finance





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European shares test two-year highs, yen volatile before BOJ

LONDON (Reuters) - European shares inched towards two-year highs and German Bund futures dipped on Monday, as a political attempt to break a budget impasse in the United States revived appetite for shares and dented appetite for safe-haven assets.


U.S. House Republican leaders said on Friday they would seek to pass a three-month extension of federal borrowing authority in the coming days to buy time for the Democrat-controlled Senate to pass a plan to shrink budget deficits.


European shares <.fteu3> were supported by the news <.eu>, but with no clear response from the Democrats and a thin session expected due to a market holiday in the United States, the impact on other assets such as Bunds is likely to be limited.


London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> opened between 0.4 and 0.5 percent higher, lifting the pan-European FTSEurofirst 300 0.3 percent and MSCI's world index 0.1 percent. <.l><.eu/>


"There's a bit of encouragement coming out of the U.S.," said Toby Campbell-Gray, head of trading at Tavira Securities in Monaco.


He added that equity markets had remained resilient in the face of an uncertain economic outlook as many investors had stepped in to buy "on the dip" on days when shares had fallen.


Ahead of the region's first finance ministers' meeting of the year the euro was steady against the dollar, while the yen firmed after touching a new low, ahead of a Bank of Japan decision expected to deliver bold monetary easing.


The dollar slipped back to a low of 89.42 yen and was last trading at 89.57 yen, while the euro also fell to a low of 119.08 and last traded at 119.27 yen.


With little in the way of economic data or debt issuance and U.S. markets shut for the Martin Luther King Jr. public holiday, it was expected to be a fairly quite market day.


Oil prices took their cues from a report in the United States at the end of last week that showed consumer sentiment at its weakest in a year as a result of the uncertainty surrounding the country's debt crisis.


Concerns about demand overshadowed supply disruption fears reinforced by the Islamist militant attack and hostage-taking at a gas plant in Algeria, a member of the Organization of Petroleum Exporting Countries.


U.S. crude futures fell 0.5 percent to $95.08 a barrel, while Brent fell 0.3 percent to $111.55 early on Monday but had recovered to almost flat as European trading gathered pace.


(Additional reporting by Sudip Kar-Gupta; Editing by Will Waterman)



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Japan government, Bank of Japan “getting closer” on monetary policy statement






TOKYO (Reuters) – Japanese Economics Minister Akira Amari said on Sunday that the government and the Bank of Japan were getting closer to an agreement on a joint statement on monetary policy expected to be issued next week.


The government has been pressuring the BOJ to adopt a 2 percent inflation target and make job creation part of its monetary policy mandate.






“(A difference between )the government and the BOJ is narrowing about the contents of the joint statement, but I can not disclose details,” Amari told public broadcaster NHK.


“It is obviously necessary to share common policy goals between the government and the BOJ and strengthen cooperation.”


Amari said it was important to try to beat deflation by setting up inflation goals.


Sources familiar with the BOJ’s thinking told Reuters that the government and the BOJ had agreed to set 2 percent inflation as a new target at its next rate review on January 21-22, when the central bank will also consider making an open-ended commitment to buy assets until the target is in sight.


Amari also said the joint statement would likely not include the phrase “long-term” to describe the timeline for achieving the inflation target.


(Reporting by Kaori Kaneko and Yuko Yoshikawa; Editing by Nick Macfie)


Business & Finance News – Yahoo! Finance




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Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal.


The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations.


Sector indexes in transportation <.djt>, banks <.bkx> and housing <.hgx> this week hit historic or multiyear highs as well.


Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies reports on Wednesday while Honeywell is due to report Friday.


"Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said.


Major technology companies also report next week, but the bar for the sector has been lowered even further.


Chipmakers like Advanced Micro Devices , which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel . Still, a chipmaker sector index <.sox> posted its highest weekly close since last April.


Following a recent underperformance, an upside surprise from Apple on Wednesday could trigger a return to the stock from many investors who had abandoned ship.


Other major companies reporting next week include Google , IBM , Johnson & Johnson and DuPont on Tuesday, Microsoft and 3M on Thursday and Procter & Gamble on Friday.


CASH POURING IN, HOUSING DATA COULD HELP


Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks.


The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield.


"From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.


"You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent."


Housing stocks <.hgx>, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot.


Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November.


The new home sales report on Friday is expected to show a 2.1 percent increase.


The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension.


Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around.


The CBOE volatility index <.vix>, a gauge of market anxiety, closed Friday at its lowest since April 2007.


"I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami.


"It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."


(Reporting by Rodrigo Campos, additional reporting by Chuck Mikolajczak and Caroline Valetkevitch; Editing by Kenneth Barry)



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Why New Credit Card Regulations Can Make Or Break A Small Business






By the time you read the words “business credit card laws,” you might very well be half asleep and no one would blame you. The thing is, small business owners need to know what’s going on in the credit card world if they want to maximize profits and ultimately avoid going belly up.


In the Past
You see, small business credit cards are essentially living in the past. Because they aren’t covered by the personal finance law passed in 2009 to reform the system, they’re still subject to the same crooked tactics made commonplace by banks prior to the recession. That includes double-cycle billing, payment allocation designed to cost you the maximum amount of money, and most importantly, arbitrary interest rate changes for existing balances.






That last part makes small business credit cards very unreliable funding vehicles, as they cost you the debt stability required to confidently allocate funds. How are you supposed to operate when you could wake up one day to drastically higher costs thanks to a bank executive raising interest rates in order to earn a bonus?


It’s therefore fair to wonder where you’re supposed to turn, considering that you neither want to sacrifice debt stability by using a small business credit card nor protection from personal liability by using a general-consumer credit card.


This is where things get particularly interesting. A lot of folks believe that business credit cards insulate their personal finances from the economic vagaries of running a small business, but that’s merely a common falsehood.


All of the major credit card issuers hold small business owners personally liable for debt. It makes sense when you think about it, since they pull your personal credit card reports when making approval decisions and require that you list your Social Security Number on applications.


The Solution
There is indeed an effective solution to your plastic predicament. Since a general-consumer credit card won’t increase your personal liability any more than a business card but will confer CARD Act protections upon you, you should use one for funding purposes. Not only will this afford you debt stability, if you can score one of the 0% offers currently on the market, you’ll also be able to avoid interest for a year (or more) and therefore save a lot of money (read the fine print on these deals as you could be hit with higher interest once the interest-free period ends).


But what about rewards? Well, since small business credit cards offer unparalleled business-oriented rewards, help you track company spending, and give you the power to set spending limits for employee authorized users, you should use one to facilitate everyday expenses. Debt stability won’t be an issue because you should always pay for such purchases in full each billing period.


Using two cards, specifically targeted to different types of transactions, will enable you to cobble together a far better collection of terms than you’d ever be able to find on a single card.


The Bottom Line
Ultimately, heeding this advice will make the road to small business success somewhat less bumpy. It won’t automatically turn your company into a force to be reckoned with, but it will help you save hundreds of dollars and attain a clearer perspective on your company’s operations. I don’t have to tell you how much that’s worth to a budding small business, especially in today’s economy.


More From Investopedia


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Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal.


The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations.


Sector indexes in transportation <.djt>, banks <.bkx> and housing <.hgx> this week hit historic or multiyear highs as well.


Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies reports on Wednesday while Honeywell is due to report Friday.


"Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said.


Major technology companies also report next week, but the bar for the sector has been lowered even further.


Chipmakers like Advanced Micro Devices , which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel . Still, a chipmaker sector index <.sox> posted its highest weekly close since last April.


Following a recent underperformance, an upside surprise from Apple on Wednesday could trigger a return to the stock from many investors who had abandoned ship.


Other major companies reporting next week include Google , IBM , Johnson & Johnson and DuPont on Tuesday, Microsoft and 3M on Thursday and Procter & Gamble on Friday.


CASH POURING IN, HOUSING DATA COULD HELP


Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks.


The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield.


"From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.


"You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent."


Housing stocks <.hgx>, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot.


Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November.


The new home sales report on Friday is expected to show a 2.1 percent increase.


The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension.


Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around.


The CBOE volatility index <.vix>, a gauge of market anxiety, closed Friday at its lowest since April 2007.


"I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami.


"It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."


(Reporting by Rodrigo Campos, additional reporting by Chuck Mikolajczak and Caroline Valetkevitch; Editing by Kenneth Barry)



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MoneyTV with Donald Baillargeon, 1/18






LOS ANGELES, CA–(Marketwire – Jan 18, 2013) – Obama’s assault politics, solar breakthrough, frack water cleanup, STEM education, fuel cells, reverse mortgages; this week on MoneyTV with Donald Baillargeon. MoneyTV is the internationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews with company CEOs, providing insights into their operations and outlooks for their futures.


Free information packages from the featured companies can be requested by sending an email to [email protected]






The television program can also be viewed online immediately at www.moneytv.net.


Featured companies on this week’s program include:


XsunX Inc. ( OTCBB : XSNX ) CEO Tom Djokovich announced the company has begun the final phase in preparing their CIGSolar System for client demonstrations and mentioned a video demonstration will be available in the coming weeks.


Neah Power Systems, Inc. ( OTCBB : NPWZ ) CEO Chris D’Couto provided an update of recent company activity and a look forward.


OriginOil, Inc. ( OTCBB : OOIL ) CEO Riggs Eckelberry announced the company was taking its frack water cleanup technology on the road for demonstrations in Texas.


PCS Edventures, Inc. ( OTCQB : PCSV ) CEO Robert Grover announced a prestigious addition to the company’s board.


The Mortgage Minute Guy Roger Schlesinger discussed the advantages of reverse mortgages.


MoneyTV debuted in 1996 and is broadcast internationally in more than 180 million TV households in over 75 countries.


A complete menu of TV listings is available at the MoneyTV web site, http://www.moneytv.net


MoneyTV Executive Producer and Anchor Donald Baillargeon is also the host of MoneyRap Radio, http://www.moneyrap.com and the daily television program Global Financial News Minute with Donald Baillargeon.


MoneyTV with Donald Baillargeon television program, Copyright MMXII, all rights reserved. MoneyTV does not provide an analysis of companies’ financial positions and is not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their stocks. Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst. MoneyTV provides companies a 3 to 4 month corporate profile with multiple appearances for a cash fee of $ 11,995.00 to $ 17,250.00, does not accept company stock as payment for services, does not hold any positions, options or warrants in featured companies. The information herein is not an endorsement by Donald Baillargeon, the producers, publisher or parent company of MoneyTV.


Marketwire News Archive – Yahoo! Finance





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Chinese, U.S. data push global shares to twenty-month high

LONDON (Reuters) - World shares hit a 20-month high on Friday as encouraging data from the United States and China boosted prospects for the global economy, while the yen hit new lows ahead of next week's Bank of Japan meeting.


China's economy grew at a slightly faster-than-expected 7.9 percent in the fourth quarter of 2012, the latest sign it is pulling out of a post-global financial crisis slowdown that produced its weakest year of economic growth since 1999.


The positive news came on top of strong U.S. labor and housing market reports on Thursday, providing fresh impetus to a recent strong and broad financial market rally.


MSCI's index of leading world shares <.miwd00000pus> was at it highest level since May 2011 at 551.90 points as trading got underway in Europe and after Tokyo and Hong Kong stock markets surged and the S&P 500 in New York hit a five-year high.


"We've got good numbers out of China, we had some good numbers out of U.S. yesterday ... The general sentiment is pretty good," said Neil Marsh, strategist at Newedge.


"There will probably be some phases of consolidation as we go forward, but the markets remain pretty resilient. More people are putting their cash to work now in riskier assets like equities, and there is no sign of that stopping at the minute."


European stocks opened higher, with London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> up between 0.2 and 0.3 percent <.l><.eu><.n>. The region's data highlight of the day comes from British retail figures.


Industrial commodities jumped, leaving platinum and palladium near multi-month highs hit on Thursday, while oil prices edged up, with U.S. crude up 0.1 percent at $95.61 a barrel and Brent futures adding 0.2 percent to $111.27.


YEN SLIDE RESUMES


The strong U.S. data and mounting expectations for more aggressive easing by the Bank of Japan (BOJ) next week lifted the dollar to its highest since June 2010 of 90.21 yen, and the euro to its peak since May 2011 of 120.73 yen.


The single currency was steady against the dollar at $1.3378.


Expectations that the new Japanese government will pursue massive fiscal spending and push for more aggressive BOJ easing to drive Japan out of years of deflation and economic slump have spurred heavy yen selling since November.


Sources told Reuters the BOJ will at its January 21-22 meeting consider removing the 0.1 percent floor on short-term interest rates and commit to open-ended asset buying until the 2 percent inflation target is reached.


In bond markets, German two-year government bond yields rose 0.25 percent to near their highest in nearly 10 months, with traders citing growing concerns in money markets over early bank repayments of three-year European Central Bank loans.


Banks can start making repayments on January 30, and the ECB will publish how much will be repaid then on January 25. A larger-than-expected repayment of around 400 billion euros would effectively tighten conditions and push up interbank rates.


(Reporting by Marc Jones; Editing by Will Waterman)



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Futures signal mixed Wall Street open

LONDON (Reuters) - U.S. stock futures pointed to a mixed open on Wall Street on Thursday, with futures for the S&P 500 rising 0.1 percent, Dow Jones futures down 0.2 percent and Nasdaq 100 futures falling 0.1 percent.


Airlines scrambled on Thursday to rearrange flights as Europe, Japan and India joined the United States in grounding Boeing Co's 787 Dreamliner passenger jets while battery-related problems are investigated.


Earnings reports from major U.S. companies such as Citigroup , Intel , Bank of America and BlackRock , due later in the day, will be scrutinized for hints about the market's near-term direction.


First-time claims for jobless benefits for the week ended January 12 are due at 1330 GMT. Economists forecast a total of 365,000 new filings, compared with 371,000 in the previous week.


The Commerce Department releases housing starts and permits for December at 1330 GMT. Economists in a Reuters survey forecast a total of 903,000 permits in December, compared with 900,000 in the previous month.


Top executives at Goldman Sachs have been considering deep cuts to staffing levels and pay for at least two years, but feared too many layoffs would leave the firm unprepared for an eventual pickup in business, people familiar with the bank said.


Shares in Dutch telecoms company KPN rose more than 4 percent on Thursday after a report that U.S. peer AT&T is looking at an acquisition in Europe, including KPN and UK carrier Everything Everywhere.


AT&T is considering buying a telecoms company in Europe to offset growth constraints in its home market, the Wall Street Journal reported, citing unnamed people familiar with the company's thinking.


Taiwan Semiconductor Manufacturing Co Ltd reported a 32 percent rise in fourth-quarter profit as its cutting-edge technology keeps it ahead of rivals in the mobile gadget boom.


Philadelphia Federal Reserve Bank releases its January business activity survey at 1500 GMT. Economists forecast a reading of 5.8, versus 4.6 in December.


The pan-European FTSEurofirst 300 index <.fteu3> was flat in morning trading on Thursday.


The S&P 500 ended nearly flat on Wednesday as solid earnings from two major banks and a bounceback in Apple shares offset concerns about a lower forecast for global growth in 2013.


The Dow Jones industrial average <.dji> was down 23.66 points, or 0.17 percent, at 13,511.23 on Wednesday. The Standard & Poor's 500 Index <.spx> was up 0.29 points, or 0.02 percent, at 1,472.63. The Nasdaq Composite Index <.ixic> was up 6.77 points, or 0.22 percent, at 3,117.54.


(Reporting by Atul Prakash; Editing by Catherine Evans)



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King of Prussia Dentistry Practice Offers Free Seminars to Strengthen Patient Care






KING OF PRUSSIA, PA–(Marketwire – Jan 16, 2013) – At their King of Prussia dental implant practice, the doctors at By Design Dental Implant Center, a team of dental specialists, strive to educate their patients on the importance of oral health. To meet this goal, they offer complimentary patient seminars on Wednesday nights. These seminars are hosted bi-weekly from 6:30 to 7:30 pm. Cliff Gratz, the practice’s treatment consultant, says patients have a chance to meet the entire dental treatment team in a relaxed and informal environment.


The practice’s implant surgeon, Dr. Robert Mogyoros, says that there are a variety of benefits to the educational seminars. Among these benefits are:






  • Patients have a chance to tour the facilities at the practice, which includes a full service on-site laboratory

  • Patients receive free education on dental implants and available treatment options

  • Seminars are on-site and can help patients feel more comfortable in the office setting

Dr. Mogyoros notes that patients can benefit from the seminars by asking any questions they may have regarding their own oral health and what they can do to prevent future disease. He adds that the team at By Design is extensively trained and educated in multiple aspects of implant dentistry. Collaboration of this team adds greatly to the quality of patient care:


“We are atypical from a normal dental office because there is a team of us who are all specialists. We have an oral surgeon, a periodontist and a prosthodontist. By putting everyone under one roof, we are able to combine the expertise of surgical and restorative specialists, use the latest state-of-the-art technology and limit costs in order to streamline the process and get the best, most affordable results.”


During the seminars, patients have a chance to receive a complimentary x-ray of their mouth to detect any irregularities. The doctors perform a panoramic type x-ray with an imaging machine, which would normally cost $ 300-700. Dr. Mogyoros says that patients can find out what happens to their teeth if they are not properly taken care of, and can receive customized treatment plans to help prevent any future disease. “We do this to educate those who aren’t sure what to do about their dental problems. We really want the best for our patients and will do everything we can to inform them of their options when it comes to their oral health.”


Gratz says patients attend the seminars to learn more about the practice’s innovative All-on-4™ procedure. He adds that many people assume that they need dental implants for each missing or damaged tooth, but with All-on-4™, patients can receive 12 teeth with as little as four implants.


The practice’s on-site laboratory allows the doctors to expedite the All-on-4™ process. Dr. Mogyoros says:


“The All-on-4™ procedure is a really great option for patients looking for an alternative to dentures that is fixed in place and does not come out of the mouth. It is a unique procedure that allows for the removal of diseased teeth, placement of implants and the fabrication and delivery of a new bridge. The procedure is minimally invasive, graftless and can be accomplished in one day.”


About By Design Dental Implant Center
By Design Dental Implant Center includes a team of highly experienced specialists working under one roof to ensure quality patient care. The practice is composed of oral surgeon Dr. Robert Mogyoros, prosthodontist Dr. John J. Thaler II, periodontist Dr. Joseph J. Havrilla, dental lab director Rand Jaslow, treatment consultant Cliff Gratz, dental assistant Jamie Holmes, and manager Rita Dolin. The doctors are available for interview upon request.


Marketwire News Archive – Yahoo! Finance




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Stock index futures point to lower open on Wall Street, Boeing in focus

LONDON (Reuters) - U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.3 percent, Dow Jones futures off 0.2 percent and the Nasdaq 100 contract 0.1 percent lower at 0922 GMT.


Banks <.sx7p> will be in focus, with results due from several big names, including BNY Mellon, Goldman Sachs and JPMorgan Chase & Co.


Of the S&P 500 <.spx> companies that have reported to date, 25 percent have missed fourth-quarter earnings forecasts and 29 percent have undershot on revenues, according to Thomson Reuters StarMine data.


Shares in General Motors fell after the bell on Tuesday after the automaker said it expects operating profit to rise "modestly" this year - a comment that is expected to prompt analysts to downgrade their forecasts.


Boeing will be in focus on concerns about the safety of its Dreamliner. Japan's two leading airlines grounded their fleets of 787s on Wednesday after one of the passenger jets made an emergency landing.


India will decide on whether to ground national carrier Air India's Dreamliner jets after the U.S. company submits a report on the aircraft's safety.


Global growth concerns remain in the spotlight after the World Bank slashed its economic forecasts for developed nations this year.


A plunge in European car sales in December added to the gloom.


U.S. December inflation figures are due at 1330 GMT, followed by industrial output at 1415 GMT.


The Dow Jones industrial average <.dji> added 27.57 points, or 0.20 percent, to 13,534.89 on Tuesday, while the S&P 500 <.spx> gained 1.66 points, or 0.11 percent, to 1,472.34 after stronger-than-expected retail data.


Tech heavyweight Apple dragged on the Nasdaq for a third day <.ixic>, with the index falling 0.2 percent.


Major European indexes edged lower on Wednesday, after recent gains took them to multi-month highs <.fteu3><.eu>. Profit taking also pushed Japan's Nikkei benchmark to its biggest one-day drop in eight months <.n225>.


(Reporting By Toni Vorobyova; Editing by Susan Fenton)



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2012-2013 estate tax and gift tax amounts






Taxes » Income Taxes » Estate Tax And Gift Tax Amounts


If you’re fortunate enough to give away substantial amounts of money or property during your lifetime, your generosity may be subject to federal gift tax rules.






After death, your money and property, known as your estate, may also be subject to federal estate tax. However, you can give money away during your lifetime or leave certain amounts to your heirs that are exempt from taxation.


Under the Economic Growth and Tax Relief Reconciliation Act of 2001, the federal estate tax was eliminated in 2010. The gift tax, however, remained in effect at a 35 percent rate.


On Jan. 1, 2011, the estate tax returned. According to the law enacted in December 2010, estates valued at $ 5 million or less at death in 2011 are exempt from the tax. Estates worth more than $ 5 million are taxed at a 35 percent rate.


Although there was no estate tax due in 2010, some heirs encountered larger-than-expected capital gains taxes upon sale of inherited assets. This was due to the requirement that the basis of such assets be carried over from the decedent to the heir.


With the return of the estate tax in 2011, the stepped-up basis on inherited property also returned. This means that an asset’s basis is its fair market value on the day of the original owner’s death.


For individuals who died in 2010, the estate had the option of following the 2010 estate tax rules, meaning no tax due on the estate, but the carry-over basis rule is in effect, or using the 2011 estate tax rules, which include a 35 percent tax on estates worth more than $ 5 million and stepped-up basis on bequeathed assets.


For deaths in 2012, the estate tax exemption increases to $ 5.12 million, thanks to inflation. And thanks to the American Taxpayer Relief Act of 2012 that was passed Jan. 1, 2013, the exemption will not revert to $ 1 million as originally expected, but stays at the $ 5 million level. However, the tax rate applied to amounts exceeding that exemption will increase from 35 percent in 2012 to 40 percent in 2013.


Annual gift tax exclusion


You can give the following monetary amounts to each person, and to as many individuals as you want, without triggering the gift tax. The amount is indexed each year for inflation.



Annual gift tax exclusion









Year madeExcluded from tax
2012$ 13,000
2013$ 14,000


In addition to the annual exclusion amounts, you also can give the following without triggering the gift tax:


  • Charitable gifts.

  • Gifts to a spouse.

  • Gifts to a political organization for its use.

  • Gifts of educational expenses. These are unlimited as long as you make a direct payment to the educational institution for tuition only. Books, supplies and living expenses do not qualify.

  • Gifts of medical expenses. These, too are unlimited as long as they are paid directly to the medical facility.

Unified credit


In estate planning, you also must consider the unified credit. It gets its name because the federal gift tax and estate tax are integrated into one unified tax system.


This is the credit for the portion of estate tax due on taxable estates. For example, if you exceed the annual gift tax exclusion amount in any year, you can either pay the tax on the excess or take advantage of the unified credit to avoid paying the tax. The unified credit enables you to give away $ 5 million during your lifetime without having to pay gift tax.


By using the unified credit during your life, you’ll reduce the amount available to offset the estate tax upon your death. If, however, you pay the gift tax, such taxed gifts are added back to your estate, and the estate tax is recalculated, with the gift taxes you previously paid credited against any final estate tax due.


More From Bankrate.com


Yahoo! Finance – Personal Finance





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Stock index futures signal lower open

PARIS (Reuters) - Stock index futures pointed to a slightly lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.04 percent and Nasdaq 100 futures down 0.17 percent at 4.55 a.m. ET.


World shares stalled near 18-month highs and safe-haven Treasuries traded higher on Tuesday after U.S. Federal Reserve Chairman Ben Bernanke warned the economic recovery was at risk from the battle to raise the nation's borrowing limit.


Data showing the German economy contracted by a larger-than-expected 0.5 percent in the final quarter of 2012, as the euro zone crisis weighed on exports and corporate investment, also weighed on sentiment on Tuesday morning.


Federal Reserve Chairman Ben Bernanke on Monday urged U.S. lawmakers to lift the country's borrowing limit to avoid a potentially disastrous debt default, warning that the economy was still at risk from political gridlock over the deficit.


In a wide-ranging question and answer session, Bernanke painted a cautiously optimistic outlook for U.S. growth but gave no clear hints as to when the Fed would curb its aggressive bond purchases, despite speculation that it will halt them this year.


President Barack Obama on Monday rejected any negotiations with Republicans over raising the U.S. borrowing limit, accusing his opponents of trying to extract a ransom for not ruining the economy in the latest fiscal fight.


The United States expects to run out of tools to avoid a default between mid-February and early March, potentially causing lasting damage to the U.S. economy and its creditworthiness, the Treasury said on Monday.


U.S. banking regulators on Monday ordered JPMorgan Chase & Co to tighten its risk controls after the bank lost billions of dollars due to bad bets from a trader known as the "London Whale".


U.S. cable group Liberty Global raised its stake in Belgian group Telenet to 58 percent from 50.2 percent. Liberty is seeking to strengthen its grip on Telenet, which is benefiting from expansion across a range of telecom services. Liberty has been the controlling shareholder in the company since 2007.


RadioShack Corp said on Monday it ended a mobile phone partnership with Target Corp as the retailers could not agree on a new deal that would be profitable for both companies.


The S&P 500 and Nasdaq ended lower on Monday as worries over demand for Apple products drove down its shares and investors braced for earnings disappointments.


The Dow Jones industrial average <.dji> was up 18.89 points, or 0.14 percent, at 13,507.32. The Standard & Poor's 500 Index <.spx> was down 1.37 points, or 0.09 percent, at 1,470.68. The Nasdaq Composite Index <.ixic> was down 8.13 points, or 0.26 percent, at 3,117.50.


(Reporting by Blaise Robinson; Editing by Catherine Evans)



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Stock index futures trade flat to higher

LONDON (Reuters) - Stock index futures pointed to a flat to higher open on Wall Street on Monday, with futures for the S&P 500 up 0.1 percent at 0844 GMT.


Dow Jones and Nasdaq 100 futures were unchanged.


European shares were also flat, with the FTSEurofirst 300 <.fteu3> just shy of a two-year high. The pan-European index has risen almost 3 percent since the start of the year.


The U.S. economy is expected to grow by 2.5 percent in 2013, improving to 3.5 percent growth in 2014, top Fed official Charles Evans said on Monday. Evans also forecast the U.S. unemployment rate would be 7.4 percent, easing to about 7 percent in 2014. Fed Chairman Ben Bernanke speaks at 2100 GMT. [ID:nL4N0AJ1JA]


Americans are beginning to feel the pinch from austerity measures. Paychecks across the country have shrunk over the last week due to higher federal tax rates, and workers say they are cutting back on spending.


Apple Inc has almost halved its order with suppliers of LCD panels for the iPhone 5 in the current quarter due to weak demand, Japanese daily Nikkei reported on Monday.


Oracle Corp released an update to its Java software for surfing the Web on Sunday, which security experts said fails to protect PCs from attack by hackers intent on committing cyber crimes.


Transocean Ltd said billionaire activist investor Carl Icahn bought a 1.56 percent stake in the offshore rig contractor and is looking to increase his holding.


Japan Airlines Co (JAL) said on Sunday that a Boeing Co 787 Dreamliner jet undergoing checks in Tokyo following a fuel leak at Boston airport last week had leaked fuel during tests earlier in the day.


Pickup truck sales are expected to outpace the broader U.S. auto market this year helped by a recovering housing market and a slew of new models from the three big U.S. automakers, executives and analysts said on Sunday.


American International Group Inc has filed a lawsuit against a vehicle created by the Federal Reserve Bank of New York to help bail out the insurer, in a bid to preserve its right to sue Bank of America Corp and other issuers of mortgage debt that went sour.


Bank of America Corp directors have reached a $62.5 million settlement to resolve investor claims over the bank's acquisition of Merrill Lynch & Co, a person familiar with the matter said, after a federal judge expressed reservations about an earlier version of the accord.


JPMorgan Chase & Co's board is expected to dock the 2012 bonuses of Chief Executive James Dimon and another top executive because of the "London Whale" trading debacle, the Wall Street Journal reported, citing people close to the company.


The first big earnings week of 2013 features major banks Goldman Sachs and JPMorgan Chase & Co, as well as online retailer eBay on Wednesday. Thursday's reports include Citigroup, Bank of America and chip maker Intel . General Electric, the largest U.S. conglomerate, is due to post fourth-quarter earnings on Friday.


The Dow Jones industrial average <.dji> gained 17.21 points, or 0.13 percent, to 13,488.43. The Standard & Poor's 500 Index <.spx> dipped 0.07 points to 1,472.05. The Nasdaq Composite Index <.ixic> added 3.88 points, or 0.12 percent, to 3,125.64.


(Reporting By Francesco Canepa; Editing by John Stonestreet)



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