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Top Stories - Spying app creator arrested

The creator of StealthGenie, a mobile app marketed as a tool for spying on cheating spouses and keeping tabs on children, has been arrested, according to federal authorities.

Tuesday, September 30, 2014  16:09


Business - Bitcoin-mining company Butterfly Labs shut down by FTC

Company marketed specialized computers designed to produce the cryptocurrency but delivered useless machines, according to an FTC complaint.>

Wednesday, September 24, 2014  05:07


Business - Fed`s Fisher says rates may rise `sooner rather than later`

ROME (Reuters) - The U.S. Federal Reserve may start raising rates around the spring of 2015, at the earlier end of market expectations, Richard Fisher, president of the Federal Reserve Bank of Dallas said on Thursday. `It`s assumed in the market place that we`ll start our liftoff in raising interest rates some time between the spring and the summer,` Fisher, a member of the Federal open Market Committee, the Fed`s main policy making body said at a conference in Rome. `I won`t say what we`re saying internally, that would not be appropriate, but maybe sooner rather than later,` he said. ...

Thursday, September 25, 2014  12:25


Business - Chrysler reports U.S. auto sales jump 19 percent

DETROIT (Reuters) - Chrysler Group LLC on Wednesday reported its third straight month of double-digit gains in the U.S. market, selling 19 percent more vehicles in September than a year ago, an indication that industry strength continued as summer waned. A Reuters survey of nine industry analysts showed expectations of a 10 percent rise to about 1.25 million vehicles sold in September industrywide. Chrysler was the first major automaker in the U.S. market to report sales. Most other automakers will release their results later Wednesday morning. ...

Wednesday, October 01, 2014  13:45


Business - BNY Mellon to shut derivatives sales, trading business

(Reuters) - Bank of New York Mellon Corp will exit the derivatives sales and trading business that operates as part of the company`s global markets group. `Global Markets will offer a modified version of its cash rates offering to support BNY Mellon`s investment services clients,` company spokesman Ron Summer said in an email. The decision affects about 50 people, almost all in New York, Bloomberg said, citing a person familiar with the matter. ...

Tuesday, September 30, 2014  23:35


Business - Storied bond investor Bill Gross quits Pimco for Janus

By Paritosh Bansal and Jennifer Ablan NEW YORK (Reuters) - Bill Gross, one of the bond market`s most renowned investors, on Friday quit Pimco, the huge investment firm he co-founded more than 40 years ago and with which his name has been effectively synonymous, for Janus Capital Group, a distant rival in the asset management arena. The surprise development, which rattled the U.S. bond market, came the day before Pimco and its parent, German insurer Allianz SE, planned to dismiss Gross, a source familiar with the matter told Reuters. ...

Friday, September 26, 2014  17:25


Business - Cantor turns bearish on U.S. equities

By Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks were sharply lower on Thursday, with the S&P 500 falling back under its 14-day moving average, and Cantor Fitzgerald expects that weakness to continue, saying it has turned bearish on U.S. stocks. The firm noted a number of `divergences` that it said pointed to market losses ahead, including a decline in market breadth and recent underperformance in small-caps; the Russell 2000 is down 8.1 percent from a recent record, while the S&P is down less than 2 percent. `Divergences are like stress fractures ... ...

Thursday, September 25, 2014  15:43


Business - Futures little changed ahead of data flurry

By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stock index futures were little changed on Thursday, after the S&P 500 notched its biggest gain in a month, ahead of data on the labor market and durable goods. * The S&P 500 snapped a three-day losing skid on Wednesday in a broad advance, led by healthcare and biotech stocks, with gains in the housing sector also providing support after surprisingly strong data on the sector. * Weekly initial jobless claims data, due at 8:30 a.m. (1230 GMT), may provide investors with some insight on the health of the labor market. ...

Thursday, September 25, 2014  13:01


World - U.S. oil could step in if Mideast fields knocked out: senator

WASHINGTON (Reuters) - If U.S.-led attacks knock out oil fields controlled by Islamic State militants, petroleum from the American drilling boom could make up for any shortfall on global markets, a report released by a Republican senator said on Wednesday. U.S. bombs blasted Islamic State positions in Syria for a second day on Wednesday. Militants have been funding their efforts in part by seizing a dozen or so oilfields in Syria and Iraq, controlling refineries and smuggling oil and fuel to nearby markets. ...

Wednesday, September 24, 2014  21:59


Business - Goldman recommends IBM straddles ahead of earnings

By Ryan Vlastelica NEW YORK (Reuters) - Derivative strategists at Goldman Sachs on Wednesday advised clients to buy a near-term straddle on IBM , saying the options market was underestimating the stock`s typical post-earnings volatility. Goldman suggested buying October $192.50 straddles. Over the past eight quarters, IBM moved an average of 4.6 percent in the week following its report, according to Thomson Reuters data. Currently, Goldman wrote, the options market is pricing in a move of 2.2 percent, `the lowest level since 2006. ...

Wednesday, September 24, 2014  17:11

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