The Bank of England is concerned that U.S. fiscal policies are creating economic difficulties without any longer-term benefits.» Read More
NEW YORK, Dec 9- The Bank of England is concerned that U.S. fiscal policies are creating economic difficulties without any longer-term benefits, its governor said on Monday, weighing in as lawmakers in Washington scramble to avoid another government shutdown.
WASHINGTON, Dec 9- The U.S. government sold its last shares of automaker General Motors Co on Monday, marking an end to a historic bailout of one of America's most storied companies. The money pumped into the industry came from a $700 billion pool of funds Congress had assembled to shore up the banking system and fight a growing panic on Wall Street.
NEW YORK, Dec 9- When a pair of U.S. Securities and Exchange Commission examiners visited Bernard Madoff's offices in 2005, the now-imprisoned financier was not too worried- until he sneaked a look into one of their briefcases.
WASHINGTON, Dec 9- Israel, Jordan and the Palestinian Authority on Monday signed a water-sharing agreement that includes the building of a desalination plant on the Gulf of Aqaba and a pilot study for a pipeline linking the Red Sea with the Dead Sea, the World Bank said.
WASHINGTON, Dec 9- A budget deal aimed at avoiding a U.S. government shutdown on Jan. 15 and relieving federal agencies of some indiscriminate spending cuts that are set to begin with the new year could emerge in Congress on Tuesday, congressional aides said on Monday.
BOSTON, Dec 9- Chinese hackers eavesdropped on the computers of five European foreign ministries before last September's G20 Summit, which was dominated by the Syrian crisis, according to research by computer security firm FireEye Inc.
WASHINGTON, Dec 9- The U.S. government sold its last shares of General Motors Co on Monday, leaving taxpayers saddled with a total shortfall of about $10 billion on the automaker's 2009 bailout. "With the final sale of GM stock, this important chapter in our nation's history is now closed," Treasury Secretary Jack Lew said.
DALLAS, Dec 9- American Airlines Group, the world's biggest airline after AMR Corp's merger with US Airways Group, intends to take advantage of its broad global network to win more corporate customers, the company's president said. American Airlines parent AMR Corp and US Airways sealed their $18 billion merger on Monday.
WASHINGTON-- Shares of Acura Pharmaceuticals Inc. rose Monday after the company said it met with federal regulators to discuss a new version of the painkiller hydrocodone that uses the company's abuse-resistant technology. Acura said the FDA agreed to review the study and determine whether it could be used to support a new drug application.
As much as 5 inches of snow were forecast for Monday night into Tuesday for an area stretching from Virginia into New York, the National Weather Service said. "I don't think things are going to warm up anytime soon," said Bruce Sullivan, National Weather Service meteorologist.
WASHINGTON _ Commerce Department releases wholesale trade inventories for October, 10 a.m.. WASHINGTON _ Labor Department releases job openings and labor turnover survey for October, 10 a.m.. WASHINGTON _ Senate Finance Committee hearing on President Barack Obama's nominee to head the Internal Revenue Service, 10 a.m..
WASHINGTON-- The Financial Industry Regulatory Authority said Monday that Oppenheimer& Co. Inc. will have to pay $921,000 in fines and restitution for charging customers unfair prices for municipal securities transactions.
CHICAGO, Dec 9- There is a growing consensus that U.S. stocks, as well as stocks around the world, are going to catch a tailwind going into 2014.. The Vanguard Total World Stock Index ETF owns more than 5,000 stocks, but has its top holdings in mega-cap American companies like Apple Inc, Exxon Mobil Corp and Google Inc..
*Valiant says U.S. clients are less than 1 pct of total. ZURICH, Dec 9- Valiant Holding AG on Monday became the first Swiss bank to say it would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts.
Dec 9- A massive winter storm that drove parts of the southern United States into a deep freeze over the weekend kept a tight grip on the region on Monday while bitter temperatures, snow and ice spread through the East Coast.
*Other euro zone states anxious to sell more to Germany. BERLIN, Dec 9- Germany's trade surplus narrowed in October on a jump in demand for imports from firms and households, while industrial output unexpectedly fell, signalling a mixed start to the fourth quarter for Europe's biggest economy.
Marching north, it was expected to pummel the East Coast with snow, sleet, and freezing rain from Baltimore to north of Portland, Maine, according to the National Weather Service. The Delaware Memorial Bridge, which links Delaware with New Jersey, was closed briefly "due to ice and multiple accidents," according to the bridge's official Twitter account.
The storm was moving up the East Coast, with snow, sleet, and freezing rain expected from Baltimore, Maryland, to north of Boston, according to the National Weather Service. The system was expected to reach Philadelphia and New York City by Sunday afternoon and linger over the area through Monday morning's rush hour commute.
Inconclusive data in the United States has given few clues as to when the Federal Reserve might bring its policy of easy money to an end, while markets are still waiting for the European Central Bank to come to the euro zone's rescue again with more than just another interest rate cut.
WASHINGTON/ CALGARY, Dec 8- Canada is running out of time to offer U.S. Concessions from Canada would make the pipeline more palatable in Washington, experts say, since Obama has made fighting climate change a second-term priority and has said that Canada could do more to reduce carbon emissions.