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Investors favor non-agency mortgages, bank loans amid rate rise

June 14, 2013 - 2:30am
Money managers touted the advantages of non-agency mortgage securities and bank loans on Thursday on expectations that housing prices will accelerate and interest rates will rise. Yields on non-agency ...

Britain's treasure islands make G8 tax test for Cameron

June 14, 2013 - 1:59am

Pitching tougher rules on tax evasion to the G8 is a precarious undertaking for Prime Minister David Cameron. Britain's own tax havens are world leaders. Britain's list of exotic Overseas Territories reads ...


Behind the Big Profits: A Research Tax Break

June 14, 2013 - 12:28am
Strong first-quarter corporate profits may not be quite as good as they look. Strong first-quarter corporate profits may not be quite as good as they look. An analysis by The Wall Street Journal reveals ...

Refinancings Plunge as Bond Yields Rise

June 13, 2013 - 11:25pm

A surprise spike in mortgage rates threatens to halt a refinancing boom that has delivered strong profits for U.S. banks over the past two years.


U.S. Agencies Said to Swap Data With Thousands of Firms

June 13, 2013 - 10:44pm
Thousands of technology, finance and manufacturing companies are working closely with U.S. national security agencies, providing sensitive information and in return receiving benefits that include access ...

Boeing set to confirm plans for larger 787 Dreamliner: sources

June 13, 2013 - 9:10pm

Boeing Co is poised to launch a larger member of its 787 Dreamliner jetliner family to meet demand for long-haul travel within Asia and other long-haul routes, sources told Reuters on Thursday. Long-discussed ...


Why the Government Needs to Budget Over the Infinite Horizon

June 13, 2013 - 8:26pm
By Laurence Kotlikoff How far into the future should governments budget? Economic theory has a clear and rigid answer. But it’s not one economists like to give – for two reasons. First, it’s not one people easily comprehend. Second, it’s … Continue reading →

Fed's Bond-Buying Wild Card: Inflation Expectations

June 13, 2013 - 7:19pm

Many investors have lowered their expectations for future inflation, a shift that could get the attention of Federal Reserve officials as they consider the course of their bond-buying program at a policy meeting next week.


Exxon CEO says delays in gas export permits hurt U.S.

June 13, 2013 - 7:14pm

Delays in approval of more natural gas export projects are costing U.S. companies millions of dollars a day and giving a leg up to rival countries also looking to boost exports, the chief of Exxon Mobil ...


'Ringleader' says Apple did not raise e-books prices

June 13, 2013 - 6:35pm

An Apple Inc executive at the center of an antitrust lawsuit by the U.S. government said on Thursday the company "didn't care" what price publishers set for e-books. Eddy Cue said he was not ...


Starboard sues Office Depot for not holding annual meeting

June 13, 2013 - 6:31pm

Top Office Depot Inc investor Starboard Value LP sued the second-largest U.S. office supply retailer on Thursday for not holding an annual shareholder meeting to elect directors, an unusual step on the ...


EU tries to persuade France to back U.S. free trade talks

June 13, 2013 - 6:07pm
The European Union will try to overcome French resistance to free-trade talks with the United States on Friday and keep alive plans for a deal that could boost their struggling economies by dramatically ...

Smith & Wesson Says Fiscal 4Q to Beat Expectations

June 13, 2013 - 5:34pm

Smith & Wesson Holding Corp. said Thursday that it expects its first-quarter financial results may top market expectations and it is planning to buy back some of its shares. The company's stock is up in after-hours trading.


Stocks Reverse Course After 3-Day Dive; Dow Closes Up 1%

June 13, 2013 - 5:32pm

U.S. stocks extended gains on Thursday, with the Dow Jones industrial average up 1 percent, after stronger-than-expected economic data helped ease concerns about the impending start of the winding down of stimulus from the Federal Reserve.


Exclusive: TPG, J.C. Flowers, Resolution bid for Allstate unit - sources

June 13, 2013 - 5:14pm
British financial services firm Resolution Group and private equity firms TPG Capital and J.C. Flowers are bidding for Allstate Corp's Lincoln Benefit Life subsidiary, according to two people familiar ...

ISS urges Clearwire shareholders to vote against Sprint deal

June 13, 2013 - 4:48pm

Proxy advisory firm Institutional Shareholder Services on Thursday urged Clearwire Corp shareholders to vote against majority shareholder Sprint Nextel Corp's $3.40 per share offer for Clearwire stock ...


'Happy Birthday to You' Belongs to Us All, Lawsuit Says

June 13, 2013 - 4:38pm
By Bernard Vaughan NEW YORK (Reuters) - "Happy Birthday to You," the ditty sung around the world in tribute to everyone from toddlers to centenarians, belongs to the public, according to a lawsuit filed on Thursday. The proposed class action asks a federal court to declare the song to be in the public domain and that Warner/Chappel Music Inc, the music publishing arm of Warner Music Group, return "millions of dollars of unlawful licensing fees" it has collected for reproductions and public performances of the song. ...

Microsoft to Open Windows Stores Within Best Buy

June 13, 2013 - 3:55pm
By Bill Rigby SEATTLE (Reuters) - Microsoft Corp said it would open 500 special stores within existing Best Buy Co Inc stores in the United States selling exclusively Windows-based tablets and computers ...

Cohen: We Are in the 'Golden Age of Dividends'

June 13, 2013 - 3:36pm

“I’ve never seen anything like the last five months” in terms of the frequency of generous dividend hikes, says Hersh Cohen, co-chief investment officer of Legg Mason's ClearBridge Investments. “Dividends have exploded to the upside.”


Why the U.S. Equity Markets Could Still Make Further Gains

June 13, 2013 - 3:13pm
By James Short As the stock market continues its seemingly-endless rally, many investors may be asking “how can the equity markets possibly go any higher in the near term?” The answer may surprise them. Since the U.S. equity market’s low … Continue reading →