House Budget Committee Chairman Rep. Paul Ryan, (R-WI), discusses whether the proposed budget agreement will pass both Houses, and whether Sen. Patty Murray "got the best of him."» Read More
LONDON, Dec 13- What if 3 percent is the new 8 percent? According to the OECD, the weighted average real net investment return of pension funds which manage combined assets of over $32 trillion was 4.4 percent in 2012, and just 0.2 percent in the year before.
WASHINGTON-- The White House said Thursday that President Barack Obama wants to address growing media protests about limited access to his events, including restricted coverage of his trip to South Africa with former President George W. Bush.
WASHINGTON-- It's a growing side effect of modern medicine: A test for one condition turns up something completely unrelated. "Incidental findings can be life-saving, but they also can lead to uncertainty and distress," cautioned Amy Gutmann of the University of Pennsylvania, who chairs the Presidential Commission for the Study of Bioethical Issues.
WASHINGTON-- An ancient Roman sculpture portraying a warrior just before his death is visiting Washington on its first trip outside of Italy in more than 200 years. "The Dying Gaul" went on display Thursday at the National Gallery of Art and will be there through March 16.
WASHINGTON-- The Labor Department reports on wholesale inflation in October. Report will be released at 8:30 a.m. Eastern time Friday. SMALL INCREASE LIKELY: Economists forecast that wholesale prices rose 0.1 percent in November, according to a survey from FactSet.
WASHINGTON, Dec 12- The Democratic-led U.S. Senate on Thursday approved six of President Barack Obama's nominees, including four judges, on the second day of its around-the-clock confirmation marathon that Republicans were unable to stop because of a rule change.
WASHINGTON, Dec 12- The Democratic-led U.S. Senate on Thursday approved five of President Barack Obama's nominees, including three judges, as an around-the-clock confirmation marathon entered its second day with Republicans unable to stop it because of a rule change.
*Measure set for Senate passage next week. WASHINGTON, Dec 12- A breakthrough budget deal that avoids a government shutdown in January and blunts automatic spending cuts easily won passage in the U.S. House of Representatives on Thursday, setting the stage for nearly two years of fiscal peace in Congress.
*VIX closes at highest level since mid-October. NEW YORK, Dec 12- U.S. stocks fell on Thursday as retail sales rose solidly in November, adding to signs the economy is strong enough for the Federal Reserve to begin reducing the pace of monetary stimulus.
NEW YORK, Dec 12- U.S. stocks dipped on Thursday as retail sales rose solidly in November, adding to signs the economy is strong enough for the Federal Reserve to begin reducing the pace of monetary stimulus. "Year-end activity is clouding reactions to some economic news," said Drew Wilson, an analyst at Fenimore Asset Management in Cobleskill, New York.
Mexico's Congress on Thursday passed a landmark reform to let private investors into the country's ailing energy sector, the biggest shake up of the state-run industry in 75 years.
In Phoenix, where house prices have risen more than 40 percent in less than two years, pending sales fell 32 percent in October, while the number of months of supply is up 111 percent from May. In Sacramento, the October figures are equally grim, with year-on-year supply up 93 percent and sales down 20 percent.
BRASILIA, Dec 12- French President François Hollande sought to take advantage of a chill in U.S.- Brazil relations to push a French bid for a multibillion-dollar fighter-jet contract during a visit to Brasilia on Thursday.
WASHINGTON, Dec 12- The Democratic-led U.S. Senate approved four of President Barack Obama's nominees on Thursday as an around-the-clock, confirmation merry-go-round entered its second day with Republicans unable to stop it because of a recent rule change.
WASHINGTON _ Labor Department releases revised third-quarter productivity data, 8:30 a.m.; Federal Reserve releases industrial production for November, 9:15 a.m..
NEW YORK, Dec 12- JPMorgan Chase& Co is working with criminal and regulatory authorities on settlements over the bank's relationship with convicted Ponzi schemer Bernard Madoff, one that would involve $2 billion in penalties and a rare criminal action, according to sources familiar with the matter.
WASHINGTON _ Labor Department releases the Producer Price Index for November, 8:30 a.m..
BRASILIA, Dec 12- French President François Hollande sought to take advantage of a chill in U.S.-Brazilian relations to push France's business interests during a visit here on Thursday, including its bid for a multibillion-dollar contract to sell fighter jets to Brazil.
*Pegatron says 15- year-old got job using someone else's ID. TAIPEI/ SAN FRANCISCO, Dec 12- The death of a 15- year-old worker was not caused by working conditions at a Pegatron Corp factory, according to medical exports sent to the factory by Apple Inc..
CARACAS, Dec 12- Phantom businesses account for about 40 percent of buyers of dollars through Venezuela's currency control system this year in a massive fraud costing the OPEC nation billions of dollars, the country's intelligence chief said.