Archive for May 30th, 2014

Wall Street closing highs buck trend as most equities flat

May 30, 2014
By

By Herbert Lash LONDON (Reuters) – Global equity markets traded mostly flat on Friday but the Dow and S&P 500 set fresh closing highs, while the dollar eased on the likelihood the European Central Bank will deliver monetary stimulus next week.
Read more »

Posted in Stock Market | Comments Off

TSX edges up with help from Valeant

May 30, 2014
By

TORONTO, May 30, (Reuters) – Canada’s main stock index edged higher on Friday, pulled up by Valeant Pharmaceuticals International after it again boosted the cash component of its takeover bid for drugmaker Allergan, a move that bucked up market sentiment following the release of weak economic growth figures early in the day.
Read more »

Posted in Stock Market | Comments Off

Shinseki resigns amid VA scandal

May 30, 2014
By

A day after calling Veterans Affairs Secretary Eric Shinseki “an American hero,” President Barack Obama on Friday announced he had accepted the retired general’s resignation amid a political firestorm over his agency’s dramatic and sometimes deadly failure to care for wounded vets.
Read more »

Posted in Apple/Mac | Comments Off

Medicare coverage ban on sex-change surgery lifted

May 30, 2014
By

SAN FRANCISCO (AP) — Transgender people receiving Medicare may no longer be automatically denied coverage for sex reassignment surgeries, a U.S. Department of Health and Services review board ruled Friday in a groundbreaking decision that recognizes the procedures as a medically necessary and effective treatment for individuals who do not identify with their biological...
Read more »

Posted in Apple/Mac | Comments Off

Fed’s Mester stresses stable prices, inflation research

May 30, 2014
By

By Jonathan Spicer CLEVELAND (Reuters) – The Federal Reserve cannot achieve full U.S. employment over the longer term without stabilizing prices, incoming Fed policymaker Loretta Mester said on Friday, stressing that clear communication will be key as the central bank returns to a more normal policy stance.
Read more »

Posted in Stock Market | Comments Off

Capital concerns hit BNP Paribas on report of $10 billion U.S. fine

May 30, 2014
By

By Alexandre Boksenbaum-Granier and Lionel Laurent
Read more »

Posted in Stock Market | Comments Off

Egypt to exempt bonus shares from new capital gains tax -minister

May 30, 2014
By

BEIRUT, May 30 (Reuters) – Egypt will exempt bonus shares from a new 10 percent capital gains tax on profits made on the stock market, the country’s Finance Minister Hany Dimian said.
Read more »

Posted in Stock Market | Comments Off

Capital fears hit BNP Paribas after report of $10 billion U.S. fine

May 30, 2014
By

By Alexandre Boksenbaum-Granier and Lionel Laurent
Read more »

Posted in Stock Market | Comments Off

Reports: Ex-Microsoft CEO Steve Ballmer to buy Clippers for $2B

May 30, 2014
By

Former Microsoft CEO Steve Ballmer has won bidding to purchase the Los Angeles Clippers from owners Donald and Shelly Sterling with an NBA-record offer of $2 billion, according to James Rainey of the Los Angeles Times:
Read more »

Posted in Apple/Mac | Comments Off

2 boys declared Spelling Bee co-champs

May 30, 2014
By

OXON HILL, Maryland (AP) — Two spellers were declared co-champions of the Scripps National Spelling Bee — the first time in 52 years.
Read more »

Posted in Apple/Mac | Comments Off