Andew Economos, Head of Sovereign & Institutional Strategy, Asia at JP Morgan Asset Management tells CNBC's Cash Flow that the start of tapering could spark a final rally on the U.S. markets.» Read More
The J.M. Smucker Co.' s shares fell Thursday after a Wells Fargo Securities analyst downgraded his rating on the company, citing concerns about its coffee business.
OTTAWA, Dec 5- Bank of Canada Senior Deputy Governor Tiff Macklem is resigning in May 2014 to become dean of a business school in Toronto, the central bank said on Thursday, some six months after Macklem was passed over for the job of governor.
BEIJING, Dec 6- The website of China's biggest Internet video company Youku Tudou Inc was once a haven for illicit Hollywood blockbusters and hit South Korean soap operas, until it realised piracy really doesn't pay.
NEW YORK, Dec 5- Incoming New York City Police Commissioner Bill Bratton faces a delicate task: delivering on his boss's campaign promises to rein in the department's most aggressive tactics while preserving the sharp decline in crime his predecessor achieved.
A panel of five EPA rulemakers- including Chris Grundler, director of the EPA's Office of Transportation and Air Quality- listened intently as groups of five to six speakers came up in succession to state their positions.
WASHINGTON, Dec 5- The U.S. House of Representatives on Thursday approved a bill aimed at reining in "patent trolls," companies that buy or license patents from others, then extract licensing fees or file infringement lawsuits viewed by many as frivolous.
*OPEC keeps production target unchanged. Brent crude fell by over $1 at one point during the session, following a month of consistent gains that saw prices rise from $103 in early November to above $113 on Wednesday.
CHICAGO-- Grain futures were lower Thursday on the Chicago Board of Trade. Wheat for March delivery fell 9.75 cents to $6.52 a bushel; March corn were 3 cents lower at 4.3350 a bushel; March oats were 1 cent lower at $3.2575 a bushel; while January soybeans fell 1.50 cents $13.28 a bushel.
NEW YORK-- Shares of Celgene traded higher Thursday after a UBS analyst upgraded the biotechnology company, forecasting strong net income growth. He said Celgene's earnings and margins compare favorably to other health care companies.
Sean Parnell is proposing putting $3 billion from savings toward addressing Alaska's $12- billion unfunded pension liability. The state's currently on a payment schedule that calls for increasing payments expected to exceed $1 billion before dropping. Alaska switched from a pension program to a 401- style benefit in 2005..
DALLAS-- Federal investigators in charge of investigating the deadly fertilizer plant explosion in West, Texas say they still consider the case open, eight months after the blast killed 15 people and sent debris flying miles away.
NEW YORK, Dec 5- U.S. In addition, a report from the Labor Department showed initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 298,000 last week. "The bond market is saying tapering is coming," said Stan Shipley, bond strategist at ISI Group in New York.
NEW YORK/ BOSTON, Dec 5- JPMorgan Chase& Co is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its network in July. JPMorgan said on Wednesday it had detected that the web servers used by its site www.ucard.chase.com had been breached in the middle of September.
DEARBORN, Mich./ SHANGHAI, Dec 5- Ford Motor Co unveiled its 50th anniversary Mustang sports car in its first global launch on Thursday, with a sleek redesign aimed at enhancing the brand's status outside the United States.
Jos. A. Bank Clothiers Inc. disclosed Thursday that Ohio's attorney general is looking into some of its advertising and marketing practices. Kate Hanson, a representative for Ohio Attorney General Mike DeWine, said the office could not comment under state law.
JACKSON, Miss.-- Southwest Airlines is closing down operations at Jackson-Evers International Airport on June 6, 2014. Bob Jordan, Southwest's executive vice president and chief commercial officer, says the level of local demand no longer allows Southwest to profitably serve Jackson.
*ECB leaves rates unchanged; inflation to stay below target. NEW YORK, Dec 5- The euro rose to a five-week high against the dollar on Thursday after the European Central Bank left a key interest rate unchanged and its president Mario Draghi downplayed deflation risks.
NEW YORK, Dec 5- Morgan Stanley is offering its brokers an unusual pay incentive over the next two years to convince certain clients to disclose assets held outside the firm, according to the firm's 2014 compensation plan unveiled this week.
WASHINGTON _ Commerce Department releases wholesale trade inventories for October, 10 a.m. Eastern; Labor Department releases job openings and labor turnover survey for October, 10 a.m..
NEW YORK-- A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:. Precision Drilling Corp. fell 9.4 percent to $8.72. J.C. Penney Co. fell 8.4 percent to $8.85.