Archive for May, 2013

Asian shares pause as US rally raises Fed QE doubts

May 29, 2013
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By Chikako Mogi TOKYO (Reuters) – Asian shares and the Australian dollar eased on Wednesday as strong economic data rallied U.S. stocks to record highs, throwing market focus back on to the possibility of reduced Federal Reserve monetary stimulus in the future.
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CA-BUSINESS Summary

May 29, 2013
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Asian shares pause as US rally raises Fed QE doubts
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Weiner attends first NYC mayoral debate, gains in polls

May 29, 2013
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Weiner attends first NYC mayoral debate, gains in polls

Anthony Weiner headed to a campaign event. (Brendan McDermid/Reuters)NEW YORK—Former Rep. Anthony Weiner made his first debate appearance as a candidate for New York City mayor as a new poll found him gaining ground in the race.
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Lull in winds aids fight against wildfire

May 29, 2013
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SANTA BARBARA, Calif. (AP) — Firefighters took advantage of a lull in winds on Tuesday to try to gain ground against a forest fire in mountains northwest of Santa Barbara, as crews elsewhere in Southern California chased a new fire north of Los Angeles and sought to increase containment of a rural San Diego...
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Wall Street rally underpins Asian shares

May 29, 2013
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By Chikako Mogi TOKYO (Reuters) – Asian shares were steady and the dollar remained firm on Wednesday as U.S. stocks rallied to record highs overnight on signs of resilience in the U.S. economy and expectations of continued monetary policy support.
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Sprint, SoftBank reach deal with U.S. over security concerns – WSJ

May 29, 2013
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(Reuters) – Sprint Nextel Corp and Japan’s SoftBank Corp reached an agreement in principle with the U.S. government to address any national security concerns arising from the Japanese company getting control of the U.S. telecom carrier, the Wall Street Journal reported on Tuesday, citing sources.
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Obama, Christie rekindle their bromance

May 28, 2013
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Obama, Christie rekindle their bromance

President Obama holds up a stuffed bear that Gov. Christie had won during their visit to Point Pleasant, N.J., …
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White House says it was aware of McCain’s Syria trip

May 28, 2013
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Although its HTC One has received across-the-board acclaim as one of the world’s best smartphones, HTC still finds itself in dire straits. Businessweek’s Joshua Brustein has written what amounts to an advice column for HTC that ironically shows all the ways that the company may not be able to compete with rival Samsung no...
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Stocks jump after home prices, confidence surge

May 28, 2013
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NEW YORK (AP) — A rally that that brought the stock market to record highs this year came back to life after U.S. home prices rose the most in seven years and consumer confidence reached a five-year high.
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FNF to buy Lender Processing Services for $2.9 billion

May 28, 2013
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(Reuters) – Title insurer Fidelity National Financial Inc said it will buy Lender Processing Services Inc for about $2.9 billion in cash and stock to grow its mortgage servicing business.
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