Archive for August, 2012

SEC appeals in bid to help Stanford victims file claims

August 31st, 2012

SEC appeals in bid to help Stanford victims file claims
WASHINGTON (Reuters) – Securities regulators said on Friday they would appeal a federal judge’s ruling rejecting their request for an industry-backed fund to start a court proceeding that could help…


Source
Reuters: Money

Battle Over Michigan's New Swine Rules Goes Hog Wild

August 31st, 2012

Battle Over Michigan's New Swine Rules Goes Hog Wild

Michigan officials and pig farmers are locked in an escalating debate over new rules that make wild pigs illegal in the state. The state maintains the animals can destroy natural ecosystems, but some farmers say the rules will destroy their livelihoods.

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Economy

UPDATE 1-Specs turn short US dollar, 1st time in nearly a year

August 31st, 2012

UPDATE 1-Specs turn short US dollar, 1st time in nearly a year
NEW YORK, Aug 31 (Reuters) – Currency speculators turned negative on the
U.S. dollar in the latest week for the first time in nearly a year, according to
data from the Commodity Futures Trading…


Source
Reuters: US Dollar Report

US Treasury yields fall after Bernanke speech

August 31st, 2012

US Treasury yields fall after Bernanke speech
U.S. Treasury yields fell Friday after Chairman Ben Bernanke said the Federal Reserve will do more to help the economy if it doesn’t improve.
Source
Economy News Headlines – Yahoo! News

Wall Street gains on Bernanke comments

August 31st, 2012

Wall Street gains on Bernanke comments

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Stocks rose on Friday after Federal Reserve Chairman Ben Bernanke, expressing "grave concern" for the country's stagnating job market, said the central bank was prepared to take further steps to strengthen the economy if necessary. The Dow Jones industrial average was up 90.13 points, or 0.69 percent, at 13,090.84. The Standard & Poor's 500 Index was up 7.10 points, or 0.51 percent, at 1,406.58. The Nasdaq Composite Index was up 18.25 points, or 0.60 percent, at 3,066.96. For the week, the Dow fell 0.5 percent, the S&P 500 lost 0.3 percent and the Nasdaq fell 0.1 percent. …

Source
Economy News Headlines – Yahoo! News

FOREX-Dollar slips as Bernanke reinforces easing hopes

August 31st, 2012

FOREX-Dollar slips as Bernanke reinforces easing hopes
* Euro rallies to eight-week high, ECB meets next week
* Bernanke: Fed to act as needed, labor market a ‘grave’
concern

NEW YORK, Aug 31 (Reuters) – The dollar fell to an
eight-week low…


Source
Reuters: US Dollar Report

Specs turn short US dollar, 1st time in nearly a year-data

August 31st, 2012

Specs turn short US dollar, 1st time in nearly a year-data
NEW YORK, Aug 31 (Reuters) – Currency speculators turned
negative on the U.S. dollar in the latest week for the first in
nearly a year, according to data from the Commodity Futures
Trading Commission…


Source
Reuters: US Dollar Report

Bernanke Fed action hints boost US stocks

August 31st, 2012

Bernanke Fed action hints boost US stocks

Traders work on the floor of the New York Stock Exchange on August 21Ben Bernanke's much-anticipated endorsement of more Federal Reserve stimulus Friday gave stocks a solid boost, though tempered by his picture of an economy that remains weak and vulnerable.

Source
Economy News Headlines – Yahoo! News

US Navy SEAL author worried about leaks after bin Laden raid

August 31st, 2012

US Navy SEAL author worried about leaks after bin Laden raid
WASHINGTON, Aug 31 (Reuters) – A former Navy SEAL at the
center of a brewing battle with the U.S. government over his
book worried about security after the raid that killed Osama bin
Laden to the point that he questioned signing his real name on a
framed flag from the mission which was being presented to
President Barack Obama.
Source
Reuters: Media

Bernanke Supports Stimulus But Stays Quiet On Plans

August 31st, 2012

Bernanke Supports Stimulus But Stays Quiet On Plans

Federal Reserve Chairman Ben Bernanke made it clear in a speech Friday that he favors doing more to get the economy moving in a way that will bring the unemployment rate down. But he stopped short of announcing another round of stimulus, leaving that for the Fed’s next meeting in mid-September.

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Economy