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WRAPUP 2-Fed hawks unite in call to retreat from mortgage stimulus
ReutersBy Kristen Hays and Francesca Landini HOUSTON/MILAN, May 16 (Reuters) - A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing recent improvement in the housing market....Tags: Securities, Finance, Lehman Brothers Holdings Inc., Inflation and Deflation, Federal Reserve
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SocGen's Russia unit CEO charged with bribery, faces seven years
ReutersMOSCOW (Reuters) - The head of Societe Generale's Russian unit Rosbank was charged with bribery on Thursday after investigators released a film of him with cash piled on his office desk in what several bankers said may have been a set-up. The case...Tags: Moscow (Russia), Crime, Law and Justice, France, Crimes, Bribery
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Peggy Stewart House for sale in Annapolis
Tucked away in the state's capital, adjacent to the Naval Academy, sits the Peggy Stewart House, a historic house that played an important role in the American Revolution and was home at different times to a signer of the Constitution and a signer of...
Tags: United States Naval Academy, Annapolis, Human Interest, American Revolutionary War (1775-1783), Arts and Culture
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China president takes charge of sweeping economic reform plans-sources
ReutersBy Kevin Yao BEIJING, May 17 (Reuters) - Chinese President Xi Jinping has taken charge of drawing up ambitious reform plans to revitalise the economy, sources close to the government said, shunning policy stimulus for fear it could worsen local...Tags: Finance, Wen Jiabao, Productivity, Economy, China
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China president takes charge of sweeping economic reform plans: sources
ReutersBEIJING (Reuters) - Chinese President Xi Jinping has taken charge of drawing up ambitious reform plans to revitalize the economy, sources close to the government said, shunning policy stimulus for fear it could worsen local government debt and inflate...Tags: Finance, Wen Jiabao, Productivity, Economy, China
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U.S. housing nominee vows to divest bank stock if confirmed
ReutersWASHINGTON, May 16 (Reuters) - U.S. Representative Mel Watt, nominated by President Barack Obama to serve as a top housing regulator, plans to divest bank stock he owns if confirmed in the post, according to a statement filed with the Office of Government...Tags: Finance, M&F Bancorp Incorporated, Consumers, Freddie Mac, Ethics
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ACC wraps up spring meetings
AMELIA ISLAND — The ACC spring meetings ended Thursday with relative silence, perhaps a sign of the stabilty the league now enjoys. There were issues key issues the conference’s expanded group of leaders confronted during their four days...
Tags: College Football, Syracuse Orange, Notre Dame Fighting Irish, Bank of America Stadium, Atlantic Coast Conference
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JP Morgan names Cristerna, Ventresca co-heads of global M&A: memo
ReutersLONDON (Reuters) - JP Morgan has appointed Hernan Cristerna and Chris Ventresca to the newly created roles of co-heads of global mergers and acquisitions (M&A), according to a memo seen by Reuters. Cristerna, 48, was previously head of M&A for Europe,...Tags: Ingersoll Rand Company, United Technologies Corporation, Thomson Corporation, Bank of America Corp., General Electric Company
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Evidence mounts on slower U.S. economic growth
ReutersWASHINGTON (Reuters) - The U.S. economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking declined at home construction sites. Other data on Thursday showed a spike...Tags: Finance, Employment, Unemployment Benefits, Inflation and Deflation, Productivity
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High-yield bond funds see lower demand after record rally
ReutersNEW YORK (Reuters) - Investors worldwide cut back on commitments to high-yield "junk" bond funds in the latest week, giving just $100 million to the funds globally after committing over $1 billion the prior week, according to Bank of America Merrill...Tags: Google Inc., Finance, Federal Reserve, Emerging Market, Japan
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Geneva bank teller accused of using account info to steal
Tribune reporterA former Geneva bank teller has been indicted in what prosecutors called a scheme to use bank customers’ account information to steal at least $245,000. Court documents show that federal charges were filed Thursday against Clarice Watkins. She...Tags: Crime, Law and Justice, Lawyers, Judges, Prosecution, Theft
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WRAPUP 1-Data raises questions about strength of U.S. economy
Reuters* U.S. claims rise sharply in latest week * Housing starts drop more than expected in April * Inflation data points to softer demand in economy By Jason Lange WASHINGTON, May 16 (Reuters) - The U.S. economy showed worrisome signs as jobless claims rose...Tags: Finance, Employment, Unemployment Benefits, Inflation and Deflation, Federal Reserve
May 16, 2013
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May 16, 2013
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May 16, 2013
|Story| Baltimore Sun
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| Orlando Sentinel
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|Story| Chicago Tribune
May 16, 2013
|Story| Reuters
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