Archive for June, 2014

Stocks end mixed; S&P closes near all-time high

June 30th, 2014

Stocks end mixed; S&P closes near all-time high

FILE - This April 22, 2010, file photo, shows a Wall Street sign in front of the New York Stock Exchange. Global stock markets mostly inched higher Monday, June 30, 2014, as investors prepared for a busy week of economic news that will give new clues about the strength of the global recovery. Wall Street was set for a tepid session. (AP Photo/Mark Lennihan, File)NEW YORK (AP) — The stock market closed out the second quarter regaining its upward momentum as investors were encouraged by an improving economy.

Source
Economy News Headlines – Yahoo! News

Stocks post quarterly gains, bond prices rise

June 30th, 2014

Stocks post quarterly gains, bond prices rise

Traders work on the floor of the New York Stock Exchange (NYSE)By Herbert Lash NEW YORK (Reuters) – Global stock markets posted a fourth straight quarter of gains on Monday, aided by the loose monetary policies of major central banks that have helped drive risk appetite, while concerns about the world's economic health have underpinned government debt. Stocks on Wall Street closed mixed, but the S&P 500 and Nasdaq Composite indexes closed a sixth straight quarter of gains – a streak not seen since the euphoria over technology shares came to a halt in 2000. It gained more than 4 percent in the second quarter, aided by the prospect that monetary policy in the major economies will remain accommodative for longer, and it posted a fourth straight quarter of gains. In Europe, the FTSEurofirst 300 index of top regional shares also posted a fourth straight quarter of gains, though for the day it finished down 0.05 percent to end the quarter at 1,370.60.

Source
Stock Markets News Headlines – Yahoo! News

GLOBAL MARKETS-Stocks post quarterly gains, bond prices rise

June 30th, 2014

GLOBAL MARKETS-Stocks post quarterly gains, bond prices rise
Global stock markets posted a fourth straight quarter of gains on Monday, aided by the loose monetary policies of major central banks that have helped drive risk appetite, while concerns about the world’s economic health have underpinned government debt. Stocks on Wall Street closed mixed, but the S&P 500 and Nasdaq Composite indexes closed a sixth straight quarter of gains – a streak not seen since the euphoria over technology shares came to a halt in 2000.
Source
Stock Markets News Headlines – Yahoo! News

U.S. jobs growth likely to be relatively strong in June

June 30th, 2014

U.S. jobs growth likely to be relatively strong in June

Job seekers listen to a presentation at the Colorado Hospital Association health care career fair in DenverBy Lucia Mutikani WASHINGTON (Reuters) – U.S. employers likely maintained a fairly healthy pace of hiring in June, consistent with data that have suggested a sharp economic contraction in the first-quarter was an aberration. Nonfarm payrolls probably increased 212,000, marking the fifth consecutive month of job gains above 200,000, according to a Reuters poll of economists. "The economy is certainly headed in the right direction," said Millan Mulraine, deputy chief economist at TD Securities in New York. "While the momentum in the labor market has shifted modestly lower from the last two months, it's still quite strong." The economy, which has regained the 8.7 million jobs lost during the recent recession, buckled under the weight of an unusually cold weather in the first quarter, with GDP contracting at a 2.9 percent annual pace.

Source
Economy News Headlines – Yahoo! News

Regulator finds ties between Slim and Dish Mexico: report

June 30th, 2014

Regulator finds ties between Slim and Dish Mexico: report

Mexican billionaire Slim arrives to the opening of the Inbursa Aquarium in Mexico CityMexico's telecommunications regulator has found that Carlos Slim's fixed-line telephone company, Telmex, and pay-television provider Dish Mexico have undisclosed economic links that might breach anti-trust rules, newspaper El Financiero said on Monday. Slim dominates Mexico's phone and Internet markets through Telmex parent America Movil, but the terms of Telmex's concession prevent the company from offering TV. If regulator Federal Telecommunications Institute (IFT) found that Telmex breached its concession, it could impose a fine on the company.

Source
Economy News Headlines – Yahoo! News

UPDATE 1-Regulator finds ties between Slim and Dish Mexico -report

June 30th, 2014

UPDATE 1-Regulator finds ties between Slim and Dish Mexico -report
MEXICO CITY, June 30 (Reuters) – Mexico’s telecommunications
regulator has found that Carlos Slim’s fixed-line telephone
company, Telmex, and pay-television provider Dish Mexico have
undisclosed economic links that might breach anti-trust rules,
newspaper El Financiero said on Monday.
Source
Reuters: Media

Microsoft says disrupts cybercrime rings with roots in Kuwait, Algeria

June 30th, 2014

Microsoft says disrupts cybercrime rings with roots in Kuwait, Algeria
BOSTON, June 30 (Reuters) – Microsoft Corp launched
what it hopes will be the most successful private effort to date
to crack down on cyber crime by moving to disrupt communications
channels between hackers and infected PCs.
Source
Reuters: Media

S&P 500 posts its sixth straight quarterly gain

June 30th, 2014

S&P 500 posts its sixth straight quarterly gain

FILE - This April 22, 2010, file photo, shows a Wall Street sign in front of the New York Stock Exchange. Global stock markets mostly inched higher Monday, June 30, 2014, as investors prepared for a busy week of economic news that will give new clues about the strength of the global recovery. Wall Street was set for a tepid session. (AP Photo/Mark Lennihan, File)NEW YORK (AP) — U.S. stocks are closing out another strong quarter, giving the Standard & Poor's 500 index its sixth straight quarterly gain.

Source
Stock Markets News Headlines – Yahoo! News

Paulson's Credit Opportunities fund up 6.6 percent ytd to end-May: source

June 30th, 2014

Paulson's Credit Opportunities fund up 6.6 percent ytd to end-May: source
NEW YORK (Reuters) – Hedge fund manager John Paulson’s credit opportunities and merger arbitrage funds were up 6.6 percent and 3.3 percent year-to-date through the end of May, respectively, easily…


Source
Reuters: Money

FOREX-Dollar falls as sentiment weakens ahead of US data

June 30th, 2014

FOREX-Dollar falls as sentiment weakens ahead of US data
NEW YORK, June 30 (Reuters) – The dollar slid on Monday to an eight-week low against a basket of currencies, as investors grew cautious ahead of a slew of U.S. economic data this week following…


Source
Reuters: US Dollar Report