Author Archives: Editor - Finance Top Stories

Gold dives on heavy stop-loss orders, technicals

* Short-covering rally to Monday’s high looks overdone – trader * Silver falls more than 3 pct to lowest since Feb. 4 * China may have locked 1,000 T gold in financing deals – WGC * Coming up: U.S. housing … Continue reading

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Germany’s Merkel, Russia’s Putin hold call

BERLIN (Reuters) – German Chancellor Angela Merkel spoke with Russian President Vladimir Putin by telephone on Tuesday night, focusing on the crisis talks between Russia, Ukraine, the European Union and the United States to be held in Geneva on Thursday. … Continue reading

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Macke: Treasury’s GM stock sale would land a hedgie in prison

On December 9th of last year the U.S. Treasury sold its final 31.1 million shares of General Motors (GM) stock, coming just a year after Treasury announced plans to exit its 500 million share position in the once bankrupt car … Continue reading

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Stocks erase losses, rise again in volatile trade

U.S. stocks turned mostly higher Tuesday, with the Nasdaq Composite remaining in the red, after disappointing reads on builder sentiment and manufacturing in the New York region countered upbeat earnings from Dow components Coca-Cola and Johnson Johnson. The Nasdaq’s fall … Continue reading

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GE Rethinks the 20-Year CEO

Jeff Immelt may give up leadership of General Electric Co. sooner than his expected 20-year tenure, as he and fellow directors re-evaluate the right term for its chief executive, people familiar with GE’s thinking said. The CEO, who has run … Continue reading

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J&J Q1 net up 8% on sales jump, lower costs

Johnson Johnson’s first-quarter profit rose 8 percent, because of restrained costs and a big jump in prescription drug sales. The world’s biggest maker of health care products easily beat Wall Street expectations and raised its earnings outlook, driving up its … Continue reading

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Yellen prepares Wall St. for more wholesale funding rules

By Jonathan Spicer and Jason Lange NEW YORK/ATLANTA (Reuters) – The U.S. Federal Reserve is considering adopting yet more measures to address the remaining stability risks in the short-term wholesale funding markets that seized during the 2008 financial crisis, Fed … Continue reading

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Permabears on the prowl! How to trade a hated bull market

Phew! That was investors rubbing the sweat off their collective brows after Monday’s welcome relief rally, with the Dow (^DJI) gaining nearly 1%, and the SP 500 (^GSPC) gaining back 0.8%. After a volatile and downright painful in some respect … Continue reading

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Travelers CEO Fishman Eyes Potential Foreign Acquisitions

Travelers Companies, which acquired Dominion of Canada General Insurance in 2013 and increased its ownership stake in its joint venture in Brazil in 2012, is likely to continue expanding internationally. In his annual letter to shareholders, Travelers CEO Jay Fishman … Continue reading

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North Carolina’s Anders Wins Top Big ‘I’ Service Award

The Independent Insurance Agents Brokers (IIABA or the Big “I”) recently awarded agent Cloyce Anders of North Carolina with the Woodworth Memorial Award, the highest honor the association bestows on one of its members, during the annual Big “I” Legislative … Continue reading

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