NEW YORK (Reuters) -Stocks added to losses, with the Nasdaq falling more than 1 percent, on Monday as the market retreated from recent gains and as data on factory orders fell short of expectations. The Dow Jones industrial average <.dji> was down 121.37 points, or 0.87 percent, at 13,888.42. The Standard & Poor's 500 Index <.spx> was down 13.55 points, or 0.90 percent,...
Visa sued by Australia regulator
Label: Business4 February 2013 Last updated at 01:07 ETAustralia’s competition watchdog has sued credit card company Visa for alleged “misuse of market power”.It has accused Visa of preventing customers from using a currency of their choice in transactions.The regulator also alleged that Visa “engaged in exclusive dealing” and barred retailers from using rival currency conversion services.The Australian Competition...
8 Tax Moves to Make Now
Label: WorldTransmitters have been storing up tax return data for weeks, just chomping at the bit, waiting for the starting pistol to go off. Finally, this week, the IRS opened the e-filing gates. See: Do your federal taxes for freeStill, things are running behind schedule this year. Common refund-generating forms, like the Education Credit, for instance, (see “Instructions for Form 8863”) are not being processed...
Ravens edge 49ers 34-31 in electric Super Bowl
Label: TechnologyNEW ORLEANS (AP) — For a Super Bowl with so many story lines, this game came up with quite a twist.Try a blackout that turned a blowout into a shootout — capped by a brilliant defensive stand.The Baltimore Ravens survived a frenzied comeback by the San Francisco 49ers following a 34-minute delay in the third quarter for a power outage Sunday night, winning their second championship 34-31. Super Bowl...
Feb
03
Hillary: Secretary of empowerment
Label: LifestyleGirls hug U.S. Secretary of State Hillary Clinton during a 2010 tour of a shelter run for sex trafficking victims in Cambodia.STORY HIGHLIGHTSDonna Brazile: Clinton stepping down as Secretary of State. Maybe she'll run for presidentShe says as secretary she expanded foreign policy to include effect on regular people She says she was first secretary of state to focus on empowering women and girlsBrazile:...
NBC News President Capus to leave network
Label: Health(Reuters) – NBC News President Steve Capus will be leaving the network in the coming weeks after struggles at the unit, including lower ratings for its flagship morning TV show, “Today.”No replacement has been named for Capus, president of NBC News since 2005, according to a company memo obtained by Reuters. In a statement, Capus said it was “now time to head in a new direction.”Three sources close...
"Great Rotation"- A Wall Street fairy tale?
Label: WorldNEW YORK (Reuters) - Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights. That sounds good, but there's a snag: The evidence for this is a few weeks of bullish fund flows that are hardly unusual for January. Late-stage bull markets...
Ofgem wants ‘rogue’ broker powers
Label: Business3 February 2013 Last updated at 07:49 ETEnergy regulator Ofgem is urging the government to give it the power to protect firms from what it calls rogue brokers, mis-selling energy deals.Its research found that between 14% and 17% of businesses which had used brokers were not satisfied with them.They were concerned about cold calling, high-pressure sales tactics and unprofessional behaviour from brokers.Citizens...
International Development Week: Minister Statement
Label: WorldOTTAWA, ONTARIO–(Marketwire – Feb 3, 2013) – The Honourable Julian Fantino, Minister of International Cooperation today kicked off the beginning of the annual International Development Week held from February 3rd to the 9th. International Development Week features local events all across Canada that pay tribute to the thousands of Canadians who devote themselves to improving lives in the developing...
Goodell: 'Absolutely' would let son play football
Label: TechnologyNEW ORLEANS (AP) — NFL Commissioner Roger Goodell would "absolutely" want his own child to play football.After President Barack Obama recently said he'd "have to think long and hard" about allowing a son to take part in the sport, Goodell was asked the same question hours before Sunday's Super Bowl during an interview on CBS's "Face the Nation."Like the president, Goodell has two daughters. The commissioner...
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