Wednesday, June 11, 2014

11-Jun-2014 23:03

UPDATE 4-EU investigates tax rulings on Apple, Starbucks, Fiat - Reuters :: http://www.reuters.com/article/2014/06/11/apple-tax-idUSL5N0OS2IU20140611

U.S. Budget Deficit Narrows as Economy, Jobs Boost Revenue - Bloomberg :: http://www.bloomberg.com/news/2014-06-11/budget-deficit-in-u-s-narrows-as-economy-jobs-bolster-revenue.html

Harvard could get smarter about its endowment - Breakingviews :: http://www.breakingviews.com/harvard-could-get-smarter-about-its-endowment/21150344.article

Amazon Corners Yelp With Its Latest Move In Online Services - TheStreet.com :: http://www.thestreet.com/story/12741540/1/amazon-corners-yelp-with-its-latest-move-in-online-services.html

Oil Futures Jump After Larger-Than-Expected Drop in Supplies - Wall Street Journal :: http://online.wsj.com/articles/crude-rises-ahead-of-opec-eia-data-1402471520

Emirates abandons huge plane order - Sydney Morning Herald :: http://www.smh.com.au/business/markets/currencies/emirates-abandons-huge-plane-order-20140612-39y61.html

Cabsplaining: A London Black Car Driver on the Uber Protest - Businessweek :: http://www.businessweek.com/articles/2014-06-11/cabsplaining-a-london-black-car-driver-on-the-uber-protest

Stocks off on World Bank call, Brent up on Iraq concern - Reuters :: http://www.reuters.com/article/2014/06/11/us-markets-global-idUSKBN0EM0Q120140611

Stocks close down on dimmed World Bank outlook - USA TODAY :: http://www.usatoday.com/story/money/markets/2014/06/11/stocks-wednesday/10315593/

Ex-Goldman director Rajat Gupta loses bid to stay out of prison - Reuters India :: http://in.reuters.com/article/2014/06/11/usa-crime-insidertrading-gupta-idINKBN0EM2FG20140611

11-Jun-2014 22:02

Harvard Endowment Chief Mendillo to Step Down - Barron's (blog) :: http://blogs.barrons.com/focusonfunds/2014/06/11/harvard-endowment-chief-mendillo-to-step-down/?mod%3Dgoogle_news_blog

Corn Prices Fall to Nearly 4-Month Low on Forecast for Record US Crop - Wall Street Journal :: http://online.wsj.com/articles/corn-prices-fall-to-nearly-4-month-low-on-forecast-for-record-u-s-crop-1402508597

UPDATE 4-EU investigates tax rulings on Apple, Starbucks, Fiat - Reuters :: http://www.reuters.com/article/2014/06/11/apple-tax-idUSL5N0OS2IU20140611

UPDATE 4-Emirates cancels 70-plane A350 order in blow to Airbus, Rolls - Reuters :: http://www.reuters.com/article/2014/06/11/airbus-group-emirates-idUSL5N0OS11N20140611

U.S. Budget Deficit Narrows as Economy, Jobs Boost Revenue - Bloomberg :: http://www.bloomberg.com/news/2014-06-11/budget-deficit-in-u-s-narrows-as-economy-jobs-bolster-revenue.html

UPDATE 10-Brent crude up near $110 on Iraq supply disruption fears - Reuters :: http://in.reuters.com/article/2014/06/11/markets-oil-idINL5N0OS27Z20140611

Despite what Time Warner Cable says, we really do need bigger, faster Internet ... - BGR :: http://bgr.com/2014/06/11/twc-vs-google-fiber-netflix/

US STOCKS-Dow, S&P slip from recent records; World Bank cuts forecast - Reuters :: http://www.reuters.com/article/2014/06/11/markets-usa-stocks-idUSL2N0OS1N820140611

Stocks slip on World Bank call, Brent up on Iraq violence - Reuters UK :: http://uk.reuters.com/article/2014/06/11/uk-markets-global-idUKKBN0EM21M20140611?type%3DGCA-ForeignExchange

Thousands of European Cab Drivers Protest Uber, Taxi Apps - Wall Street Journal :: http://online.wsj.com/articles/londons-black-cab-drivers-protest-against-taxi-apps-1402499319

11-Jun-2014 21:01

Wall Street dips, but tech helps Nasdaq - Reuters :: http://www.reuters.com/article/2014/06/11/us-markets-stocks-idUSKBN0EM1EB20140611

Here's one way Harvard ranks below a community college - MarketWatch (blog) :: http://blogs.marketwatch.com/thetell/2014/06/11/heres-one-way-harvard-ranks-below-a-community-college/

European shares retreat as Lufthansa drags down travel stocks - Reuters :: http://in.reuters.com/article/2014/06/11/markets-europe-stocks-idINL5N0OS4D020140611

WTI-Brent Spread Widens on Smaller Drop at Cushing - Bloomberg :: http://www.bloomberg.com/news/2014-06-11/brent-crude-rises-on-iraq-tension-as-opec-output-steady.html

Treasuries Pare Gain After $21 Billion 10-Year Note Sale - Bloomberg :: http://www.bloomberg.com/news/2014-06-11/treasury-slide-pushes-10-year-yield-to-4-week-high-before-sale.html

Europe Launches a Fresh Assault On Tax Deals For Apple, Starbucks - Businessweek :: http://www.businessweek.com/articles/2014-06-11/europe-launches-a-fresh-assault-on-tax-deals-for-apple-starbucks

Economic growth slows in Mississippi in 2013 - SFGate :: http://www.sfgate.com/business/energy/article/Economic-growth-slows-in-Mississippi-in-2013-5544948.php

London's Black-Cab Drivers Protest Uber, Taxi Apps - Wall Street Journal :: http://online.wsj.com/articles/londons-black-cab-drivers-protest-against-taxi-apps-1402499319

US Budget Deficit Narrows in May from Year Prior - Fox Business :: http://www.foxbusiness.com/economy-policy/2014/06/11/us-budget-deficit-narrows-in-may-from-year-prior/

UPDATE 4-Emirates cancels 70-plane A350 order in blow to Airbus, Rolls - Reuters :: http://www.reuters.com/article/2014/06/11/airbus-group-emirates-idUSL5N0OS11N20140611

11-Jun-2014 20:00

Health insurers push for change to ObamaCare - The Hill (blog) :: http://thehill.com/policy/healthcare/208979-insurers-call-for-lower-cost-obamacare-plan

World stocks slip on growth forecast downgrade - Washington Post :: http://www.washingtonpost.com/world/asia_pacific/asian-stocks-weak-on-world-bank-growth-downgrade/2014/06/11/3ae0f61c-f12d-11e3-85d2-cda8aebfefe0_story.html

Wall Street dips, but tech helps Nasdaq - Reuters :: http://www.reuters.com/article/2014/06/11/us-markets-stocks-idUSKBN0EM1EB20140611

NY economy found to be growing at slowest rate in 4 years - Newsday :: http://www.newsday.com/business/new-york-economy-found-to-be-expanding-at-slowest-rate-in-4-years-1.8412984

Here's one way Harvard ranks below a community college - MarketWatch (blog) :: http://blogs.marketwatch.com/thetell/2014/06/11/heres-one-way-harvard-ranks-below-a-community-college/?mod%3DMW_latest_news

Europe Launches a Fresh Assault On Tax Deals For Apple, Starbucks - Businessweek :: http://www.businessweek.com/articles/2014-06-11/europe-launches-a-fresh-assault-on-tax-deals-for-apple-starbucks

AIG Names Successor to Benmosche, Who Nursed It Through Fiscal Crisis - New York Times :: http://dealbook.nytimes.com/2014/06/10/a-i-g-names-successor-to-robert-benmosche-as-c-e-o/

US Government Bonds Turn Lower After Auction - Wall Street Journal :: http://online.wsj.com/articles/u-s-government-bonds-inch-higher-ahead-of-auction-1402493014

Corn Prices Fall to Nearly 4-Month Low on Forecast for Record US Crop - Wall Street Journal :: http://stream.wsj.com/story/markets/SS-2-5/SS-2-553181/

UPDATE 3-Taxis sow traffic chaos in Europe protesting against Uber car app - Reuters :: http://www.reuters.com/article/2014/06/11/protests-taxis-idUSL5N0OS2IN20140611

11-Jun-2014 18:59

Jane Mendillo to step down as Harvard's endowment chief - Reuters :: http://www.reuters.com/article/2014/06/11/us-harvard-mendillo-idUSKBN0EL2CJ20140611

GOP Warns Health Law Change Could Use Taxpayer Money To 'Bail Out' Insurers - Madison.com :: http://host.madison.com/special-section/health-fitness/gop-warns-health-law-change-could-use-taxpayer-money-to/article_0a27431b-fda4-5872-9446-d4dc7f46f53a.html

Dollar slips on lower expectations of Fed rate hike, yen gains - Reuters :: http://www.reuters.com/article/2014/06/11/us-markets-forex-idUSKBN0EM0MM20140611

US Stocks Lower as Utilities Sector Declines - Wall Street Journal :: http://online.wsj.com/articles/u-s-stocks-trade-lower-1402489039

London's Black Cab Drivers Protest Uber, Taxi Apps - Wall Street Journal :: http://online.wsj.com/articles/londons-black-cab-drivers-protest-against-taxi-apps-1402499319

U.S. Stocks Drop on Valuation Concern, World Bank Cut - Bloomberg :: http://www.bloomberg.com/news/2014-06-11/u-s-stock-futures-decline-on-world-bank-growth-forecast.html

GRAINS-Corn, wheat firm ahead of USDA report; soybeans sag - Reuters :: http://in.reuters.com/article/2014/06/11/markets-grains-idINL4N0OS2QV20140611

Tax Breaks for Apple and Starbucks Investigated by EU - New York Times :: http://www.nytimes.com/2014/06/12/business/international/eu-to-investigate-countries-business-tax-breaks.html

Glenn Britt, Who Raised Time Warner Cable Shares, Dies at 65 - Businessweek :: http://www.businessweek.com/news/2014-06-11/glenn-britt-hailed-by-time-warner-cable-investors-dies-at-65

11-Jun-2014 17:58

Brent Holds Gain as OPEC Leaves Quota Unchanged - Bloomberg :: http://www.bloomberg.com/news/2014-06-10/wti-oil-trades-near-three-month-high-as-stockpiles-seen-falling.html

GOP Warns Health Law Change Could Use Taxpayer Money To 'Bail Out' Insurers - Madison.com :: http://host.madison.com/special-section/health-fitness/gop-warns-health-law-change-could-use-taxpayer-money-to/article_0a27431b-fda4-5872-9446-d4dc7f46f53a.html

Russia gas-cut offer 'has traps, hooks' - The Australian :: http://www.theaustralian.com.au/news/world/russia-gascut-offer-has-traps-hooks/story-e6frg6so-1226951192560

Economic growth slows in Mississippi in 2013 - Businessweek :: http://www.businessweek.com/ap/2014-06-11/economic-growth-slows-in-mississippi-in-2013

Stocks Slip as World Bank Cuts Growth Outlook - ABC News :: http://abcnews.go.com/Business/wireStory/sp-500-slips-ending-day-run-record-highs-24078448

Dollar slips on lower expectations of Fed rate hike, yen gains - Reuters :: http://www.reuters.com/article/2014/06/11/us-markets-forex-idUSKBN0EM0MM20140611

Burden is on Saudi as Opec leaves oil output unchanged - Times of Oman :: http://www.timesofoman.com/News/35135/Article-Burden-is-on-Saudi-as-Opec-leaves-oil-output-unchanged

Alibaba Creates US Shopping Site '11 Main' - Wall Street Journal :: http://live.wsj.com/video/alibaba-creates-us-shopping-site-11-main/8D5A0DA2-F410-4DDC-96F4-14C35051E581.html

US Stocks Lower as Utilities Sector Declines - Wall Street Journal :: http://online.wsj.com/articles/u-s-stocks-trade-lower-1402489039

EU investigates Apple, Starbucks, Fiat tax deals - USA TODAY :: http://www.usatoday.com/story/money/business/2014/06/11/apple-starbucks-fiat-eu/10315405/

11-Jun-2014 16:57

Bank of America (BAC), DOJ Settlement Talks Have Stalled: Report - Wall Street Pit :: http://wallstreetpit.com/104276-bank-of-america-bac-doj-settlement-talks-have-stalled-report/

AIG Names Peter D. Hancock New CEO - Wall Street Journal :: http://online.wsj.com/articles/aig-names-peter-d-hancock-new-ceo-1402431528

Treasurys edge up for second session in last 10 - MarketWatch :: http://www.marketwatch.com/story/treasurys-edge-up-for-second-session-in-last-10-2014-06-11

European Union launches probe of tax breaks for Apple, Starbucks, Fiat - Los Angeles Times :: http://www.latimes.com/business/money/la-fi-european-union-apple-tax-ireland-starbucks-20140611-story.html

Wall St. dips after records, uptrend seen intact - Reuters :: http://www.reuters.com/article/2014/06/11/us-markets-stocks-idUSKBN0EM1EB20140611

OPEC keeps output target at 30 million barrels - Businessweek :: http://www.businessweek.com/ap/2014-06-11/venezuela-opec-to-keep-present-output-target

Stock market declines after World Bank cuts economic outlook - Los Angeles Times :: http://www.latimes.com/business/la-fi-stock-market-declines-after-world-bank-cuts-economic-outlook-20140611-story.html

H&R Block's Secret to a Big Tax Return: No Poor Clients - Businessweek :: http://www.businessweek.com/articles/2014-06-11/h-and-r-blocks-secret-to-a-big-tax-return-no-poor-clients

Japanese Company Joins Siemens in Potential Alstom Bid - New York Times :: http://dealbook.nytimes.com/2014/06/11/japanese-company-joins-siemens-in-potential-alstom-bid/

Alibaba to buy out UCWeb in China's 'biggest' internet merger - Chicago Tribune :: http://www.chicagotribune.com/business/sns-rt-us-alibaba-group-ucweb-20140611,0,7278022.story