Lousy Jobs Data Mean Fed Won’t Taper in Sept.: Behravesh

Friday’s jobs report for August was a lot like the July jobs report– payrolls rose less than expected—169,000 vs. 180,000—and the unemployment rate fell, but not because hiring increased. The unemployment rate dropped from 7.4% in July to 7.3%– the lowest level since December 2008—because many unemployed workers stopped looking for jobs and dropped out […]

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Darkest before dawn: Why some foreign investors are buying India

By Subhadip Sircar and Suvashree Dey Choudhury MUMBAI (Reuters) – Newspaper headlines spew doom and gloom about India. Analysts are topping each other with ever-more-dire pronouncements on the country’s prospects. And yet some foreign investors are not only ignoring the warnings, they are buying more shares. It flies in the face of conventional wisdom to […]

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Lingering uncertainty as Fed officials weigh trimming QE3

By Ann Saphir and David Bailey PORTLAND, Ore/LA CROSSE, WI (Reuters) – One top Federal Reserve official said on Wednesday he was open-minded about reducing stimulus this month, as investors largely expect the central bank to do, while another policymaker said the U.S. central bank should actually do more for the economy. The comments by […]

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Syria worries check gains on brighter economic data

By Richard Hubbard LONDON (Reuters) – Conviction that economic recovery will persuade the Federal Reserve to trim its stimulus kept the dollar near a six-week high on Wednesday but shares dipped as Washington moved closer to a strike on Syria. President Barack Obama clinched the backing of key figures in Congress on Thursday for his […]

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Wall Street Pares Gains as Support Mounts for Attack on Syria

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks advanced on Tuesday after U.S. President Barack Obama decided to seek congressional authorization before taking military action against Syria, a move that was likely to shelve any strike for at least several days. Indexes pared initial gains, however, after comments from several congressional leaders indicated support […]

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Verizon, Vodafone agree $130 billion Wireless deal

By Kate Holton and Sinead Carew LONDON/SAN DIEGO (Reuters) – Verizon Communications agreed on Monday to pay $130 billion to buy Vodafone Group out of its U.S. wireless business, signing history’s third largest corporate deal announcement to bring an end to an often tense 14-year marriage. The deal in cash and stock will give Verizon […]

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Verizon, Vodafone to announce $130 billion U.S. deal

By Soyoung Kim and Kate Holton NEW YORK/LONDON (Reuters) – Verizon Communications and Vodafone plan to announce a $130 billion deal on Monday that will give the U.S. telecom giant complete control of Verizon Wireless, subject to final board approval, people familiar with the matter said. Vodafone said in a statement late on Sunday it […]

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Burger Giants Roll Out Remodels, but Are You Noticing?

The biggest fast food burger chains in the U.S. are eager to fight sluggish sales trends and the perception that they’re downscale shops serving nutritionally deficient or bland fare. But the battle for a better reputation isn’t just about the food. Yes, a hefty part of the bid to counter the traditional view of fast […]

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The Jobs That Could Save the Middle Class

If you’re a teacher or electrician, there’s a lot riding on your shoulders. The U.S. economy has stagnated because there aren’t as many well-paying middle-class jobs as there used to be. A generation ago, millions of Americans could get ahead on hard work and a bit of brawn. But many of the blue-collar jobs that […]

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Summer Wrap-Up: Market Volatility Will Continue Into Fall Says Smith

Officially, summer runs from the solstice in late June until the equinox in late September. In reality, it’s a 100-day sprint from Memorial Day to Labor Day that typically sees markets drift as Wall Street’s workforce takes some much needed time off. Not this year, though. The hot season got off to an earlier than […]

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