Archive for October, 2010

The Weekend Is Over: Here Are The Key Economic Events In The Busy Week Ahead

The highly anticipated second round of Federal Reserve quantitative easing will be announced on Wednesday at 2:15 PM (when the FOMC statement is released). The key economic release this week is the October employment report on Friday. (27 mins ago)

Margareta Pagano: How to boost housing? Ask the boy from Bovis

David Ritchie, the chief executive of Bovis Homes, is not sure whether to laugh or cry. (2 mins ago)

US stocks close flat despite rise in GDP

Trade on Wall Street ended flat after in-line news of a modest rise in US economic output. (9 mins ago)

Emerging-Market Stocks Rise on Asian Company Profits, U.S. Jobless Claims

Emerging-market stocks rose, lifting the benchmark index from its biggest drop since August, after Asian companies reported earnings increases and applications for U.S. unemployment benefits unexpectedly fell last week. (24 mins ago)

Stock prices drop Wednesday

NEW YORK – Stock prices fell Wednesday as concerns grew over whether the Federal Reserve’s plans to buy Treasury bonds might be smaller and slower than anticipated. (4 mins ago)

Cardinal Health Swaps Tumble After Rising on Buyout Speculation

Traders that had sent credit-default swaps on Cardinal Health Inc. soaring as they wagered on a leveraged buyout reversed course after the company said it’s not in talks with an acquirer. (9 mins ago)

Fed-induced Rally Makes Riskiest Debt Priciest: Credit Markets

The lowest-rated junk bonds are the most expensive part of the corporate debt market following a Federal Reserve-induced rally in high-risk assets, adding to concern that fixed-income securities are overvalued. (3 mins ago)

Bond Risk Shifts to Investors as Rio, CBS Tender: Credit Markets

Not since 2004 have borrowers had as much incentive to tender for their bonds, prompting companies from mining firm Rio Tinto Plc in London to New York-based television network CBS Corp. to redeem debt. (1 hour ago)

A man long firmly in charge

Standing on a grassy field behind Toms River High School North five years ago, Michael J. Ritacco was a man in charge. (10 mins ago)

Google finds rich tax loopholes

Tech titan pays 2.4% tax rate using ‘income shifting’ startegy (39 secs ago)