Thursday, August 1, 2013

01-Aug-2013 16:37

UPDATE 1-US mortgage bonds rise as Fed stays quiet on paring purchases - Reuters :: http://in.reuters.com/article/2013/07/31/markets-usa-mortgages-idINL1N0G11R520130731

Jobless claims move toward 6-year low - USA TODAY :: http://www.usatoday.com/story/money/business/2013/08/01/jobless-claims-august-1/2607783/

50000 pounds of ground beef is recalled, may be tainted by E. coli - Los Angeles Times :: http://www.latimes.com/business/money/la-fi-mo-ground-beef-sold-recall-20130731,0,6268520.story

JC Penney denies credit woes, shares jump - USA TODAY :: http://www.usatoday.com/story/money/business/2013/07/31/jc-penney-reported-credit-problems-cit/2605667/

Construction Spending in US Unexpectedly Declined in June - Bloomberg :: http://www.bloomberg.com/news/2013-08-01/construction-spending-in-u-s-unexpectedly-declined-in-june.html

S&P 500 cracks 1700 as stocks soar 1% on upbeat economic data - CNBC.com :: http://www.cnbc.com/id/100931786

US Factories Activity Rebounds - Wall Street Journal :: http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-291921/

Six of Janet Yellen or Half-Dozen of Larry Summers? - Bloomberg :: http://www.bloomberg.com/news/2013-08-01/six-of-janet-yellen-or-half-dozen-of-larry-summers-.html

GM sales climb 16% in July; Ford, Chrysler up 11% - USA TODAY :: http://www.usatoday.com/story/money/cars/2013/08/01/chrysler-july-sales-released/2606273/

Draghi Signals Worst Is Over as ECB Reiterates Low Rates - Bloomberg :: http://www.bloomberg.com/news/2013-07-31/draghi-policy-pause-seen-as-signal-of-nascent-european-recovery.html

01-Aug-2013 15:36

Raskin Would Be First Female Deputy at Treasury - New York Times (blog) :: http://www.nytimes.com/2013/08/01/business/economy/raskin-would-be-first-female-deputy-at-treasury.html

P&G reports $11.3 billion profit - USA TODAY :: http://www.usatoday.com/story/money/markets/2013/08/01/procter-gamble-earnings/2607701/

Activity picks up at big China factories, smaller firms struggle - Reuters :: http://in.reuters.com/article/2013/08/01/us-china-economy-pmi-idINBRE97004W20130801

Swipe-Fee Rule Rejection to Help Merchants at Banks' Cost - Bloomberg :: http://www.bloomberg.com/news/2013-07-31/fed-s-debit-card-swipe-fee-limits-rejected-by-u-s-judge.html

Good news: Jobless claims fall to 5-year low - CNNMoney :: http://money.cnn.com/2013/08/01/news/economy/unemployment-benefits/

Ouch! Exxon posts big miss; Shell takes massive shale charge - CNBC.com :: http://www.cnbc.com/id/100928297

JC Penney denies credit woes, shares soar pre-market - USA TODAY :: http://www.usatoday.com/story/money/business/2013/07/31/jc-penney-reported-credit-problems-cit/2605667/

Draghi Signals Worst Is Over as ECB Reiterates Low Rates - Bloomberg :: http://www.bloomberg.com/news/2013-07-31/draghi-policy-pause-seen-as-signal-of-nascent-european-recovery.html

Chrysler, Ford, Nissan Report 11% July Sales Increases - Bloomberg :: http://www.bloomberg.com/news/2013-08-01/chrysler-u-s-july-sales-rise-11-streak-now-40-months.html

Sony returns to quarterly profit on cheap yen - USA TODAY :: http://www.usatoday.com/story/tech/2013/08/01/sony-returns-to-quarterly-profit-on-cheap-yen/2607871/

01-Aug-2013 14:35

Fed's Raskin is chosen for deputy Treasury secretary - Washington Post :: http://www.washingtonpost.com/business/economy/feds-raskin-is-chosen-for-deputy-treasury-secretary/2013/07/31/008cf80c-fa2b-11e2-a369-d1954abcb7e3_story.html

Will `Swipe Fees' Move To Checking Accounts After Court Win For Merchants? - Forbes :: http://www.forbes.com/sites/danielfisher/2013/07/31/will-swipe-fees-move-to-checking-accounts-after-court-win-for-merchants/

Fed Chairman Search Expanded by Obama Mention of Kohn - Bloomberg :: http://www.bloomberg.com/news/2013-08-01/fed-chairman-search-expanded-by-obama-mention-of-kohn.html

BOE Leaves Interest Rates Unchanged - Wall Street Journal :: http://online.wsj.com/article/SB10001424127887324136204578641531257734600.html

JC Penney denies credit squeeze - CNNMoney :: http://money.cnn.com/2013/08/01/investing/jc-penney/

China, Europe manufacturing data help lift stock futures - Reuters :: http://www.reuters.com/article/2013/08/01/us-markets-stocks-idUSBRE96S0GP20130801

Central banks in Europe keep rates on hold - CNNMoney :: http://money.cnn.com/2013/08/01/news/economy/european-central-banks/

Shell misses forecasts as its takes North America impairment - Financial Times :: http://www.ft.com/cms/s/0/754a5d72-fa78-11e2-a7aa-00144feabdc0.html

P&G reports $11.3 billion profit - USA TODAY :: http://www.usatoday.com/story/money/markets/2013/08/01/procter-gamble-earnings/2607701/

Signs of Turnaround for Sony in $35 Million Net Profit - New York Times :: http://www.nytimes.com/2013/08/02/business/global/sony-announces-370-million-quarterly-profit.html

01-Aug-2013 12:33

JC Penney stock plummets after credit squeeze report - CNBC.com :: http://www.cnbc.com/id/100929263

US economy grew faster than expected in 2nd quarter - Washington Post :: http://www.washingtonpost.com/business/economy/us-economy-grew-faster-than-expected-in-2nd-quarter/2013/07/31/e3edb58a-f956-11e2-afc1-c850c6ee5af8_story.html

Merchants Notch Win in Feud Over Debit-Card Fees - Wall Street Journal :: http://online.wsj.com/article/SB10001424127887324635904578639833002818450.html

FOMC Keeps QE Juice Flowing At $85B, Bernanke Taper Should Come Later ... - Forbes :: http://www.forbes.com/sites/afontevecchia/2013/07/31/fomc-reveals-bernanke-keeps-qe-juice-flowing-taper-should-come-later-this-year/

Dell's outlook clouds as deal vote nears - MarketWatch :: http://www.marketwatch.com/story/dells-outlook-clouds-as-deal-vote-nears-2013-08-01

Bunds Advance Before ECB Meeting as Fed Flags Low Inflation Risk - Bloomberg :: http://www.bloomberg.com/news/2013-08-01/bunds-rise-before-ecb-meeting-as-fed-flags-low-inflation-risk.html

Shell's Earnings Fall in 2nd Quarter - New York Times (blog) :: http://www.nytimes.com/2013/08/02/business/global/shell-reports-disappointing-earnings-in-second-quarter.html

Sony Discussing Loeb's Proposal as Weaker Yen Boosts Forecast - Businessweek :: http://www.businessweek.com/news/2013-08-01/sony-profit-beats-estimates-as-weaker-yen-boosts-overseas-sales

Lloyds shares jump after signal of resumed dividends - Financial Times :: http://www.ft.com/cms/s/0/1693cf74-f9ed-11e2-b8ef-00144feabdc0.html

China Pledges to Keep Growth Within 'Reasonable Zone' - Bloomberg :: http://www.bloomberg.com/news/2013-08-01/china-s-manufacturing-unexpectedly-strengthens-in-boost-for-li.html

01-Aug-2013 11:32

US economy grew faster than expected in 2nd quarter - Washington Post :: http://www.washingtonpost.com/business/economy/us-economy-grew-faster-than-expected-in-2nd-quarter/2013/07/31/e3edb58a-f956-11e2-afc1-c850c6ee5af8_story.html

Why J.C. Penney Should Be More Like The Israeli Army - Forbes :: http://www.forbes.com/sites/lauraheller/2013/07/31/why-jcpenney-should-be-more-like-the-israeli-army/

Dell Takeover Bid in Peril as a Voting Rule Remains - New York Times (blog) :: http://dealbook.nytimes.com/2013/07/31/dell-offers-to-move-vote-on-takeover-but-refuses-to-bend-on-voting-rules/

Sony reports $35 million net profit for first quarter - Los Angeles Times :: http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-sony-reports-net-profit-20130731,0,6538393.story

Central bank support for growth lifts shares, commodities - Reuters :: http://www.reuters.com/article/2013/08/01/us-markets-global-idUSBRE96S00E20130801

US Bond Yields Reach Almost 2-Year High on GDP, Jobs Reports - Bloomberg :: http://www.bloomberg.com/news/2013-07-31/treasuries-trail-stocks-by-most-since-january-on-taper-outlook.html

Merchants Notch Win in Feud Over Debit-Card Fees - Wall Street Journal :: http://online.wsj.com/article/SB10001424127887324635904578639833002818450.html

Shell's Earnings Fall in 2nd Quarter - New York Times (blog) :: http://www.nytimes.com/2013/08/02/business/global/shell-reports-disappointing-earnings-in-second-quarter.html

China Pledges to Keep Growth Within 'Reasonable Zone' - Bloomberg :: http://www.bloomberg.com/news/2013-08-01/china-s-manufacturing-unexpectedly-strengthens-in-boost-for-li.html

Mortgage Rates Move Slightly Today (7/31/13) - USFinancePost :: http://usfinancepost.com/mortgage-rates-move-slightly-today-73113-4061.html

01-Aug-2013 10:31

Why J.C. Penney Should Be More Like The Israeli Army - Forbes :: http://www.forbes.com/sites/lauraheller/2013/07/31/why-jcpenney-should-be-more-like-the-israeli-army/

Dell Takeover Bid in Peril as a Voting Rule Remains - New York Times (blog) :: http://dealbook.nytimes.com/2013/07/31/dell-offers-to-move-vote-on-takeover-but-refuses-to-bend-on-voting-rules/

Draghi Seen Pausing in Signal of Nascent Euro-Area Recovery - Bloomberg :: http://www.bloomberg.com/news/2013-07-31/draghi-policy-pause-seen-as-signal-of-nascent-european-recovery.html

Sony Announces $370 Million Quarterly Profit - New York Times :: http://www.nytimes.com/2013/08/02/business/global/sony-announces-370-million-quarterly-profit.html

Lloyds Banking Group Returns to Profit - New York Times :: http://dealbook.nytimes.com/2013/08/01/lloyds-banking-group-returns-to-profit/

Shell Reports Disappointing Earnings in Second Quarter - New York Times :: http://www.nytimes.com/2013/08/02/business/global/shell-reports-disappointing-earnings-in-second-quarter.html

China Pledges to Keep Growth Within 'Reasonable Zone' - Bloomberg :: http://www.bloomberg.com/news/2013-08-01/china-s-manufacturing-unexpectedly-strengthens-in-boost-for-li.html

Merchants Notch Win in Feud Over Debit-Card Fees - Wall Street Journal :: http://online.wsj.com/article/SB10001424127887324635904578639833002818450.html

US Bond Yields Reach Almost 2-Year High on GDP, Jobs Reports - Bloomberg :: http://www.bloomberg.com/news/2013-07-31/treasuries-trail-stocks-by-most-since-january-on-taper-outlook.html

US Second Quarter Advance Gross Domestic Product (Text) - Bloomberg :: http://www.bloomberg.com/news/2013-07-31/u-s-second-quarter-advance-gross-domestic-product-text-.html

01-Aug-2013 09:30

Why J.C. Penney Should Be More Like The Israeli Army - Forbes :: http://www.forbes.com/sites/lauraheller/2013/07/31/why-jcpenney-should-be-more-like-the-israeli-army/

Kansas firm recalls 50000 pounds of raw ground beef - USA TODAY :: http://www.usatoday.com/story/news/nation/2013/07/31/kansas-firm-recall-50000-pounds--raw-ground-beef-national-beef/2606983/

Macy, Penney to wrap up trial on Martha Stewart home goods dispute - Reuters India :: http://in.reuters.com/article/2013/08/01/us-macys-penney-idINBRE97003T20130801

Sony 1Q Group Net Profit Y3.48B Vs Y24.64B Loss Yr Earlier - Wall Street Journal :: http://online.wsj.com/article/BT-CO-20130801-701573.html?mod%3Dgooglenews_wsj

China factory sector perks up, elsewhere gloomy - Reuters :: http://www.reuters.com/article/2013/08/01/us-global-economy-idUSBRE97009E20130801

Upbeat data may prompt Fed to act - Los Angeles Times :: http://www.latimes.com/business/la-fi-fed-economy-20130801,0,2240765.story

Shell's Profit Falls on Shale Write-Down - Wall Street Journal :: http://online.wsj.com/article/SB10001424127887323681904578641183049294110.html

Dell Takeover Bid in Peril as a Voting Rule Remains - New York Times (blog) :: http://dealbook.nytimes.com/2013/07/31/dell-offers-to-move-vote-on-takeover-but-refuses-to-bend-on-voting-rules/

Swipe-Fee Rule Rejection to Help Merchants at Banks' Cost - Bloomberg :: http://www.bloomberg.com/news/2013-07-31/fed-s-debit-card-swipe-fee-limits-rejected-by-u-s-judge.html

FOCUS: ECB Monetary Policy A Sideshow To US Data - Analysts - Forbes :: http://www.forbes.com/sites/kitconews/2013/07/31/focus-ecb-monetary-policy-a-sideshow-to-u-s-data-analysts/