Feed aggregator

U.S. protest group vows to disrupt Trump inaugural festivities

Reuters US Politics - 1 hour 46 min ago
WASHINGTON (Reuters) - Leaders of an ad hoc group of protesters enraged by Republican Donald Trump's election as president of the United States vowed on Wednesday to disrupt his inauguration this week by blocking public access to the event.

U.S. protest group vows to disrupt Trump inaugural festivities

Top Reuters News - 1 hour 46 min ago
WASHINGTON (Reuters) - Leaders of an ad hoc group of protesters enraged by Republican Donald Trump's election as president of the United States vowed on Wednesday to disrupt his inauguration this week by blocking public access to the event.

Obama warns Trump against 'unilateral moves' on Israeli-Palestinian conflict

MiddleEasteye - 1 hour 54 min ago
Language Undefined

Obama said 'the status quo is unsustainable' not just for Israel and Palestine, but also for the US and the region as a whole

Mallinckrodt says it has settled with the FTC over allegedly using its monopoly to hike drug prices

MarketWatch Market Pulse - 1 hour 58 min ago

Mallinckrodt PLC said Wednesday afternoon that it had settled with the Federal Trade Commission over allegations that it used its monopoly to hike drug prices. The settlement is still subject to approval by the FTC, the company said. Earlier Wednesday, shares fell after the New York Post reported that the FTC was about to bring charges. Shares were down as much as 8% before a trading halt. Company shares have dropped 29.4% over the last three months, compared with a 6.1% rise in the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Obama says new ties with Cuba made 'wet-foot, dry-foot' policy obsolete

Reuters US Politics - 2 hours 38 min ago
WASHINGTON (Reuters) - President Barack Obama said on Wednesday he decided to eliminate the so-called "wet-foot, dry-foot" policy for Cuban immigrants because it no longer made since given growing U.S. engagement with Havana and the opening of travel between the two countries.

Senate panel overwhelmingly approves Trump Pentagon pick

Reuters US Politics - 2 hours 41 min ago
WASHINGTON (Reuters) - The U.S. Senate Armed Services Committee voted overwhelmingly on Wednesday to recommend President-elect Donald Trump's pick for Secretary of Defense, retired Marine General James Mattis.

Senate panel overwhelmingly approves Trump Pentagon pick

Top Reuters News - 2 hours 41 min ago
WASHINGTON (Reuters) - The U.S. Senate Armed Services Committee voted overwhelmingly on Wednesday to recommend President-elect Donald Trump's pick for Secretary of Defense, retired Marine General James Mattis.

Obama says good U.S.-Russia relations in world's interest

Reuters US Politics - 2 hours 47 min ago
WASHINGTON (Reuters) - U.S. President Barack Obama said on Wednesday it is in the world's interest for the United States and Russia to have a constructive relationship, but Russia's return to an "adversarial spirit" under President Vladimir Putin made that difficult.

Fed's Yellen says she expects rates to rise 'a few times a year' until end of 2019

MarketWatch Market Pulse - 2 hours 49 min ago

WASHINGTON (MarketWatch) -- In a speech to the Commonwealth Club in San Francisco, Federal Reserve Chairwoman Janet Yellen said she expects interest rates to rise a few times per year until the end of 2019. "As of last month, I and most of my colleagues--the other members of the Fed Board in Washington and the presidents of the 12 regional Federal Reserve Banks--were expecting to increase our federal funds rate target a few times a year until, by the end of 2019, it is close to our estimate of its longer-run neutral rate of 3 percent," she said. "Right now our foot is still pressing on the gas pedal, though, as I noted, we have eased back a bit." Yellen also pointed out slow productivity growth is likely to prevent the Fed from a more aggressive pace of hiking. Yellen is due to take questions, and is due to deliver a different speech more specifically on the economic outlook on Thursday night.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Palestinians protest over home demolitions amid calls for general strike

MiddleEasteye - 2 hours 58 min ago
Language Undefined

The protests come after Israeli police killed a Palestinian teacher during demonstrations over home demolitions in Umm al-Hiran village

Oil futures mark 1-week low on concerns over climbing U.S. shale output

MarketWatch Market Pulse - 3 hours 5 min ago

Oil futures fell by nearly 3% Wednesday as concerns over climbing U.S. shale output pushed prices to their lowest in about a week. Those concerns outweighed some earlier support from growing signs that major crude producers have kept output in check as promised. February West Texas Intermediate crude fell $1.40, or 2.7%, to settle at $51.08 a barrel--the lowest finish since Jan. 10, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Interview with Palisade Radio

TheDailyGold - 3 hours 10 min ago

I share my latest thoughts on Gold, gold stocks and uranium with Collin Kettell. 

Click Here to Learn More About & Subscribe to Our Premium Service

The post Interview with Palisade Radio appeared first on The Daily Gold.

Jump in manufacturing, tight labor markets show U.S. economic health: Fed

Top Reuters News - 3 hours 12 min ago
WASHINGTON (Reuters) - A pickup in manufacturing, "widespread" reports of labor shortages and improving business investment set the stage for the Federal Reserve's December rate hike amid signs of steady economic growth across the country, the Fed reported Wednesday in its latest Beige Book compendium of economic conditions.

Oracle sued in U.S. for paying white men more than minorities

MarketWatch Market Pulse - 3 hours 17 min ago

Oracle Corp. was sued by the U.S. Labor Department on Wednesday for pay discrimination. Oracle "has a systemic practice of paying Caucasian male workers more than their counterparts in the same job title," particularly females, black and Asian employees, the government said. In a statement, Oracle said the complaint is meritless, "politically motivated" and based on "false allegations." A number of technology companies have faced criticism for their hiring practices in recent years, which has prompted many in the technology industry to reshape their diversity efforts, which has included hiring more women and minorities. Shares of Oracle traded flat around $39.10 on Wednesday. They've risen nearly 2% in the past three months and 15% in the past year. The S&P 500 , meanwhile, has risen 6% in the past three months and 21% in the past year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Gold futures post modest loss as dollar strengthens

MarketWatch Market Pulse - 3 hours 36 min ago

Gold futures saw a modest loss on Wednesday as strength in the U.S. dollar dulled investment demand for the metal. Prices however, remained close to a two-month high, supported by recent comments from President-elect Donald Trump, which suggested that he favors a weaker greenback to benefit U.S. trade. February gold lost 80 cents, or less than 0.1%, to settle at $1,212.10 an ounce after ending Tuesday at its highest since mid-November. The Federal Reserve's Beige Book, released after prices settled Wednesday, showed that "price pressures intensified somewhat" in the last few weeks of 2016. In electronic trading, gold futures traded at $1,208.40.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

China's Xi says to build new relations with United States

Top Reuters News - 3 hours 51 min ago
GENEVA (Reuters) - China will build a new model of relations with the United States as part of its creation of a "circle of friends" around the world, President Xi Jinping said in a speech at the United Nations in Geneva on Wednesday.

One habit Trump says he will keep as president: tweeting

Top Reuters News - 3 hours 58 min ago
WASHINGTON (Reuters) - U.S. President-elect Donald Trump scrapped a proposal to move news briefings out of the White House, but said he wants his team to choose who gets into the press room.

SEC fines marketing company for perks, non-GAAP metric disclosure issues

MarketWatch Market Pulse - 4 hours 2 min ago

The Securities and Exchange Commission fined MDC Partners , a New York-based marketing company, $1.5 million to settle charges it failed to disclose certain perks granted to its then-CEO, Miles S. Nadal, and for violating disclosure rules for non-GAAP financial metrics. MDC Partners failed to disclose additional personal benefits the company paid on behalf of Nadal such as private aircraft usage, club memberships, cosmetic surgery, yacht and sports car expenses, jewelry, charitable donations, pet care, and personal travel expenses, according to the SEC. The CEO later resigned and returned $11.285 million worth of perks, personal expense reimbursements, and other items of value improperly received from 2009 to 2014. The company also improperly used a non-GAAP measure called ''organic revenue growth'' that excluded the effects of two other items, acquisitions and foreign exchange impacts. MDC Partners then revised its calculation to exclude another item, which resulted in higher ''organic revenue growth'' results, without informing investors of the change. MDC Partners also failed to give GAAP metrics equal or greater prominence to non-GAAP metrics in its earnings releases. MDC Partners neither admitted nor denied the allegations.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

SEC fines General Motors $1 million for accounting failures

MarketWatch Market Pulse - 4 hours 2 min ago

The Securities and Exchange Commission fined General Motors $1 million to settle charges that the company did not properly assess the potential impact on its financial statements of a defective ignition switch because of deficient internal accounting controls. The company's own internal investigation involving the defective ignition switch wasn't brought to the attention of its accountants until November 2013 even though other General Motors personnel knew in the spring of 2012 about the safety issue, according to the SEC. For at least an 18-month period, accountants at General Motors did not properly evaluate or account for the potential losses associated with a recall of cars with the defective ignition switch. General Motors neither admitted nor denied the charges. GM shares were flat Wednesday, but have gained 23% in the last 12 months, while the S&P 500 has gained about 21%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

SEC fines Orthofix International $14 million for accounting failures, foreign bribery

MarketWatch Market Pulse - 4 hours 2 min ago

The Securities and Exchange Commission said on Wednesday it would fine Orthofix International , a Texas-based medical device company, $14 million to settle charges that it improperly booked revenue in certain instances and made improper payments to doctors at government-owned hospitals in Brazil in order to increase sales. Orthofix violated the Foreign Corrupt Practices Act, or FCPA, when its Brazilian subsidiary used high discounts and fake invoices to make improper payments through third-parties to induce government doctors to use Orthofix's products. The accounting failures caused the company to materially misstate certain financial statements from at least 2011 to the first quarter of 2013. The company agreed to admit its wrongdoing and pay an $8.25 million penalty to resolve the accounting violations and more than $6 million to settle the FCPA charges. Four former Orthofix executives, including its CFO, also agreed to settle cases related to the accounting failures without admitting or denying the findings. Orthofix's then-CEO Robert Vaters, who was not charged with wrongdoing, reimbursed the company $72,886 for cash bonuses and certain stock awards he received in error based on the restated accounting, making it unnecessary for the SEC to pursue a Sarbanes-Oxley Section 304(a) clawback action against him. Orthofix shares were flat Wednesday, but are down 8% in the last 12 months, while the S&P 500 has gained about 20%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Pages