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Wall Street

Goldman prepares to rebut Senate probe in Levin's committee showdown

The Goldman Sachs logo is displayed on a post above the floor of the New York Stock ExchangeWASHINGTON (Reuters) - Goldman Sachs Group Inc will rebut on Thursday allegations made by a powerful Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. The public airing of concerns about banks' ownership of physical commodities and assets from pipelines to warehouses will renew scrutiny on Wall Street. ...


Wall Street edges up after upbeat U.S. data, Intel outlook

A trader works on the floor of the New York Stock ExchangeBy Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks edged higher on Thursday afternoon as data showed further strength in the U.S. economy and Intel gave an upbeat forecast. Tech shares helped to lead the day's gains after Intel's revenue outlook for 2015 was above Wall Street's expectations and the company also raised its dividend. Intel shares climbed 3.8 percent to $35.65, giving a boost to all three major indexes. Factory activity in the U.S. mid-Atlantic region grew at its fastest pace in two decades, U.S. ...


In Senate hot seat, Goldman denies commodity manipulation

The Goldman Sachs logo is displayed on a post above the floor of the New York Stock ExchangeWASHINGTON (Reuters) - Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a powerful U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator Carl Levin pressed bankers and executives on whether the company had inflated physical prices and curbed supplies of aluminum, adding billions of dollars to costs for consumers, like the U.S. Navy and beverage can makers. ...


Intel gives upbeat outlook for 2015 revenue, stock gains

Intel CEO Brian Krzanich, executive vice president and CFO Stacy Smith, and executive vice president and general manager of the technology and manufacturing group Bill Holt answer questions during an investors conference in Santa ClaraBy Noel Randewich SAN FRANCISCO (Reuters) - Intel, helped by a stabilizing personal computer market, gave a revenue outlook for 2015 that was above Wall Street's expectations and also raised its dividend, sending its shares higher. In a press release on Thursday, Intel said it expects revenue to grow by a mid-single digit percentage next year. Analysts on average have been forecasting 3.4 percent revenue growth for 2015. ...


World growth worries weigh on markets, but Wall Street rises

Traders work on the floor before the NYSE Opening Bell in New YorkBy Michael Connor NEW YORK (Reuters) - World stock markets slipped on Thursday on signs the Chinese and European economies were cooling, while Japan's yen slid to a seven-year low against the dollar on expectations of more Japanese stimulus. Wall Street prices rose as U.S. data on factory activity in the mid-Atlantic region and the housing market offset worries about global demand. But the troubling data on the global economy fuelled price gains in U.S. government debt. The MSCI index of world stocks was flat, while a gauge of European stocks provisionally closed down 0.3 percent. ...


Despite furore, bankers' earnings keep climbing

By Jamie McGeever LONDON (Reuters) - At a time when scandal-hit bank traders are under fire from regulators, prosecutors and the public, there is no sign that the backlash is curbing their earning power. The median annual compensation package for director-level employees on trading floors in London, such as senior and chief dealers, is growing at least 10 times faster than that of the average person, according to salary benchmarking site Emolument. ...

Big Wall St banks’ unfair advantage

THE biggest Wall Street banks have used their ownership of metal warehouses, oil tankers and other commodities businesses to gain unfair trading advantages and dominate markets, according to a United States Senate investigation. In a 400-page report focused on Goldman Sachs Group Inc, Morgan Stanley and JPMorgan Chase & Co, a Senate panel said the firms have eroded what was once a strict line separating banking from commodities to the detriment of consumers and the financial system. “We simply cannot allow a large powerful Wall Street bank the power to influence the price of a commodity essential to our economy,” Senator Carl Levin, who chairs the panel, said in Washington yesterday.

Goldman sees S&P at 2100 at end of 2015, five percent total return

The Goldman Sachs logo is pictured on their post as traders work on the floor of the New York Stock Exchange in New York(Reuters) - Goldman Sachs expects modest returns for the S&P 500 in 2015, with the index ending the year at 2100, but still believes volatility will remain low, making it difficult for active managers. In a 40-page research outlook released Thursday, strategist David Kostin said the S&P's P/E will stop expanding, as earnings rise 5 percent and as price increases are quite slow. The median 12-month price-to-earnings ratio for an S&P stock is currently at 17, a level exceeded only 15 percent of the time over the past 40 years. ...


Centrica lowers earnings forecast as mild weather bites

A British Gas sign is seen at its offices in Staines in southern EnglandBy Karolin Schaps LONDON (Reuters) - Britain's largest energy supplier, Centrica, cut its full-year earnings outlook on Thursday on the back of a steep drop in energy demand due to mild weather and the extended outage of two nuclear power plants which it partly owns. The utility reduced its adjusted earnings per share forecast for 2014 to 19-20 pence, compared with 21-22 pence previously expected, and warned that its upstream business would be hit if oil and gas prices stay low for much longer. ...


Babcock on track to meet core earnings growth targets

By Li-mei Hoang LONDON (Reuters) - British engineering firm Babcock said on Thursday strong demand for niche services helped core earnings growth improve to 9 percent in the first half of the year, after posting a 32 percent jump in pretax profits. Chief Executive Peter Rogers said in July the company, which generates 81 percent of its business in Britain and whose largest customer is the Ministry of Defence, was aiming for 10 percent core earnings growth in the coming years. ...

Technology

Twine, the Video-Game Technology for All - New York Times


New York Times

Twine, the Video-Game Technology for All
New York Times
Twine, the Video-Game Technology for All. By LAURA HUDSON NOV. 19, 2014. Inside. Photo. Porpentine, the creator of the critically acclaimed Twine game Howling Dogs. Credit Graeme Mitchell for The New York Times. Continue reading the main story.

New encryption technology hits nerve with DOJ - Fox News


Fox News

New encryption technology hits nerve with DOJ
Fox News
2 official at the Justice Department said the company's new encryption technology that locks out law enforcement would lead to a tragedy, The Wall Street Journal reported. A child would die and the police would not be able to search the suspect's phone ...

and more »

Disrupting the Legal Industry: How Valcu's Technology is Making a Positive Impact - Forbes


Forbes

Disrupting the Legal Industry: How Valcu's Technology is Making a Positive Impact
Forbes
There are currently around 600 legal technology companies on Angel List, including law firms and, according to an expert in the area, about 300 companies in the space. As you can see, law firms are not the only industry that makes up a healthy part of ...

Disruptive technology: Dead companies do tell tales - Computerworld


Computerworld

Disruptive technology: Dead companies do tell tales
Computerworld
I've been exploring that question, having taken as my topic for a recent conference the historical lessons that can be learned by organizations that failed to respond appropriately to technology disruption of their core businesses. I read a great deal ...

and more »

Travel

How To Get The Best Deals On Holiday Travel - Forbes


How To Get The Best Deals On Holiday Travel
Forbes
Odds are, you'll be trying to get out of town this holiday season. To get the lowdown on the best ways to save money on upcoming travel, I caught up with Robert Diener, the author of The Savvy Traveler: 175 Ways to Save, when he touched down in New ...

Your Ultimate Guide to Black Friday and Cyber Monday Travel Deals - Peter Greenberg.com Travel News


Peter Greenberg.com Travel News

Your Ultimate Guide to Black Friday and Cyber Monday Travel Deals
Peter Greenberg.com Travel News
You can find some serious savings–and book your next vacation all from the comfort of your warm, cozy home this holiday season. Keep reading to find travel deals starting even before Black Friday that last through Cyber Monday. But before you book, ...
This Year's Cyber Monday Travel Sales Will Be HugeNassau News Live

all 2 news articles »

Ready, set, go: Cyber Monday travel deals - Baltimore Sun


New York Times

Ready, set, go: Cyber Monday travel deals
Baltimore Sun
The most important thing to know about Cyber Monday travel deals is that they usually have shorter expiration deadlines than other travel sales offered throughout the year. So if you see a great deal to someplace you are dying to go, you'd best act ...
For Cyber Monday, Hotel Deals With an American AccentNew York Times

all 7 news articles »

Best Black Friday Travel Deals: Tips to Track Them Down - NerdWallet (blog)


NerdWallet (blog)

Best Black Friday Travel Deals: Tips to Track Them Down
NerdWallet (blog)
If you can, be flexible about the dates of your trip to secure the best deal. In general, Tuesdays, Wednesday and Saturdays are the cheapest days to fly domestically, while Fridays and Sundays are the most expensive. Early-morning, red-eye and ...

and more »

Top Stories of the Hour


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What Will Happen to All That Snow After Warm(er) Weekend - ABC News
Thu, 20 Nov 2014 19:49:53 +0000


ABC News

What Will Happen to All That Snow After Warm(er) Weekend
ABC News
Many parts of the country have been pounded with snow and frigid cold this week, but don't worry: warmer weather is on the way. So what happens to all that snow? After another snowfall forecast for this afternoon, some places near Buffalo, New York, could ...
Roofs collapse under Buffalo snowSFGate
New York girding for 3 more feet of lake-effect snow as piles amassLos Angeles Times
Why Buffalo's blizzard could never happen in NEBoston Globe
Telegraph.co.uk -Newsday
all 3,707 news articles »

Long shot Jim Webb launches exploratory committee for presidential bid - Los Angeles Times
Thu, 20 Nov 2014 19:49:46 +0000


Fox News

Long shot Jim Webb launches exploratory committee for presidential bid
Los Angeles Times
Citing his military background and work across the aisle with Republicans, former Virginia Sen. Jim Webb announced he has launched an exploratory committee to consider what would be a long shot quest for the Democratic presidential nomination in 2016.
Jim Webb launches 2016 committeePolitico
Former Senator Jim Webb explores presidential runStaunton News Leader
Jim Webb Would Make A Good Anti-Clinton In 2016FiveThirtyEight
GlobalPost -Christian Science Monitor -The Fiscal Times
all 187 news articles »

Ben Brantley on Mike Nichols - New York Times
Thu, 20 Nov 2014 19:43:56 +0000


New York Times

Ben Brantley on Mike Nichols
New York Times
When the lights are dimmed on Broadway Friday night in honor of the director Mike Nichols, who died on Wednesday at 83, the neighborhood where he plied his trade for half a century will feel even darker than usual. Mr. Nichols emanated a luminous ...
Mike Nichols, acclaimed director of 'The Graduate,' dies at 83Los Angeles Times
Mike Nichols: The six essential worksDetroit Free Press
Hollywood Pays Tribute to Mike NicholsABC News
Newsday -Vulture
all 894 news articles »

Obamacare Sign-Ups Erroneosly Inflated With Dental Plans - Bloomberg
Thu, 20 Nov 2014 19:38:42 +0000


Bloomberg

Obamacare Sign-Ups Erroneosly Inflated With Dental Plans
Bloomberg
The Obama administration said it erroneously calculated the number of people with health coverage under the Affordable Care Act, incorrectly adding 380,000 dental subscribers to raise the total above 7 million. The accurate number with full health-care ...
Obamacare's Subscriber Rolls Include Unpublicized Dental PlansBusinessweek
White House Boosted Obamacare Numbers With Dental PlansTIME
House Republicans: CMS inflated 7.3 million enrollment numberPolitico
Washington Times -The Fiscal Times -Washington Post (blog)
all 22 news articles »

Three Thais detained for handing out tickets to Hunger Games - Reuters
Thu, 20 Nov 2014 19:35:11 +0000


Reuters

Three Thais detained for handing out tickets to Hunger Games
Reuters
BANGKOK (Reuters) - Three Thai university students were taken into police custody on Thursday for handing out free tickets to the latest film in the Hunger Games series, from which Thai protesters have borrowed a gesture of resistance to a totalitarian ...
Thai Protesters Detained for Using 'Hunger Games' SaluteNew York Times
Thai students detained at 'Hunger Games' opening over three-finger saluteToronto Star
Protesters in Thailand have been arrested for using the three-finger salute from ...Metro
Bloomberg -CNN
all 548 news articles »

'Jealous rage' over dance led to killing of Miss Honduras and her sister
Thu, 20 Nov 2014 19:29:52 +0000

Authorities warn of 'hit man' email scam
Thu, 20 Nov 2014 19:29:52 +0000

KURTZ: Man who found Gruber videos faced media silence - VIDEO: Vermont ends contract with Gruber - VIDEO: Kurtz talks to the man who dug up ObamaCare architect's comments
Thu, 20 Nov 2014 19:29:52 +0000

Bird flu concerns hit Europe as cases found in poultry
Thu, 20 Nov 2014 19:29:52 +0000

Former Virginia Senator Jim Webb forms exploratory committee for 2016 White House run
Thu, 20 Nov 2014 19:29:52 +0000

Mike Nichols, director of 'The Graduate,' dead at 83
Thu, 20 Nov 2014 19:29:52 +0000

Thankful Nation: Celebrity chef thankful for America and family around the table
Thu, 20 Nov 2014 19:29:52 +0000

Hagel: ISIS presents new challenge to US
Thu, 20 Nov 2014 19:29:52 +0000

Supreme Court refuses to block SC gay marriages
Thu, 20 Nov 2014 19:29:52 +0000

Thanksgiving meal costs barely rise, turkey prices slip
Thu, 20 Nov 2014 19:29:52 +0000

Newborn death rate drops in US
Thu, 20 Nov 2014 19:29:52 +0000

Graco recalls 4.9M strollers in North America
Thu, 20 Nov 2014 19:29:52 +0000

Attorney General pick Lynch may face grilling by Senate over massive civil forfeitures, experts say
Thu, 20 Nov 2014 19:29:52 +0000

Kerry to travel to Vienna for Iran nuclear talks - VIDEO: Expert: Iran poses destabilizing threat
Thu, 20 Nov 2014 19:29:52 +0000

US states are a lot fatter than we thought
Thu, 20 Nov 2014 19:29:52 +0000

Kitty litter mix-up at fed lab contributed to costly nuclear radiation leak, report says
Thu, 20 Nov 2014 19:29:52 +0000

Gaza militants test-fire rockets into sea, Israel says - Israel to demolish homes of synagogue attackers - VIDEO: Jerusalem mourns amid revenge
Thu, 20 Nov 2014 19:29:52 +0000

Stressful relationships tied to mental decline
Thu, 20 Nov 2014 19:29:52 +0000

New encryption technology hits nerve with DOJ
Thu, 20 Nov 2014 19:29:52 +0000

Cops hunt for man last seen with dead Citigroup exec
Thu, 20 Nov 2014 19:29:52 +0000

Western New York communities slammed by historic snow brace for two more feet - FOX NEWS WEATHER CENTER
Thu, 20 Nov 2014 19:29:52 +0000

CDC chief drops worst-case Ebola estimate
Thu, 20 Nov 2014 19:29:52 +0000

Graco recalls 4.9 million baby strollers over infant finger amputation concerns - The Post-Standard - syracuse.com
Thu, 20 Nov 2014 19:29:45 +0000


USA TODAY

Graco recalls 4.9 million baby strollers over infant finger amputation concerns
The Post-Standard - syracuse.com
Graco Children's Products announced a huge recall of 4.9 million strollers in North America over concerns that a hinge could pinch or sever a child's fingertip. Fox Business reports that Graco, a brand of Newell Rubbermaid Inc, received 11 reports of infant ...
Graco recalls 5M strollers over infant fingertip amputationsWashington Times
About 5 million Graco strollers recalled after fingertip amputationsCNN
Graco Recalls Almost 5 Million Strollers In The U.S. Due To Fingertip Amputation ...Huffington Post
WCTI12.com -WLS-TV -KKTV 11 News
all 229 news articles »

Most Thanksgiving travel expected since 2007, AAA says - USA TODAY
Thu, 20 Nov 2014 19:29:22 +0000


USA TODAY

Most Thanksgiving travel expected since 2007, AAA says
USA TODAY
It's going to take longer to get to that turkey and dressing this year. That's the message from experts who say that an improving economy, more disposable income, consumer optimism and low gas prices are combining to create the biggest Thanksgiving travel ...
7 things holiday travelers need to knowAtlanta Journal Constitution
Thanksgiving travel volume expected to be highest since 2007My Eastern Shore
AAA: Thanksgiving Travel Up More Than Four Percent in 2014TravelPulse
Los Angeles Times -Washington Post -ABC News
all 147 news articles »

What Is President Obama's Immigration Plan? - New York Times
Thu, 20 Nov 2014 19:25:55 +0000


New York Times

What Is President Obama's Immigration Plan?
New York Times
President Obama will announce on Thursday evening a series of executive actions to grant as many as five million unauthorized immigrants permits to work in the United States and temporary reprieve from deportation. The president is also expected to ...
Congress, Off For Thanksgiving, Freaks Over Obama Immigration Action Ahead ...Huffington Post
Obama's immigration plan will offer relief to parents of US citizensLos Angeles Times
Tackling Immigration AloneTIME
Boston Globe -NBCNews.com -U-T San Diego
all 4,174 news articles »

Roker scolded by 'Today'
Thu, 20 Nov 2014 19:24:53 +0000

Keira: Thought I'd be fired
Thu, 20 Nov 2014 19:24:53 +0000

Live-saving 3D-printed heart
Thu, 20 Nov 2014 19:24:53 +0000

Cavett talks comic legends
Thu, 20 Nov 2014 19:24:53 +0000

Can you say Worcestershire?
Thu, 20 Nov 2014 19:24:53 +0000

13 healthy frozen dinners
Thu, 20 Nov 2014 19:24:53 +0000

Chevy's diesel Jeep fighter?
Thu, 20 Nov 2014 19:24:53 +0000

Mysterious 'glow worm' found
Thu, 20 Nov 2014 19:24:53 +0000

Watch Cosby pressure reporter
Thu, 20 Nov 2014 19:24:53 +0000

Sadie: Duggars inspire me
Thu, 20 Nov 2014 19:24:53 +0000

Burke: I'm being harassed
Thu, 20 Nov 2014 19:24:53 +0000

Shady maid confessions
Thu, 20 Nov 2014 19:24:53 +0000

Aircraft carrier in the sky?
Thu, 20 Nov 2014 19:24:53 +0000

Jonas: I broke purity pledge
Thu, 20 Nov 2014 19:24:53 +0000

'I HAD PROMISED' Obama readies executive action on immigration
Thu, 20 Nov 2014 18:57:49 +0000

GUNMAN IDENTIFIED Report: Man who shot 3 at FSU was ex-student, lawyer
Thu, 20 Nov 2014 18:57:49 +0000

ASSAULT PROBE Ex-girlfriend of NASCAR driver Busch alleges attack
Thu, 20 Nov 2014 18:57:49 +0000

POPE STIFLES REVOLT Cardinal's demotion helps Francis quell 'conservative backlash'
Thu, 20 Nov 2014 18:57:49 +0000

THREAT TO AMERICA NSA director: China can damage US power grid
Thu, 20 Nov 2014 18:57:49 +0000

FSU Student Jason Derfuss Saved By Book Bag in Campus Shooting - NBCNews.com
Thu, 20 Nov 2014 18:57:33 +0000


Fox News

FSU Student Jason Derfuss Saved By Book Bag in Campus Shooting
NBCNews.com
A student at Florida State University said he is lucky to be alive after his backpack full of books stopped a bullet from hitting him during Thursday's shooting. Jason Derfuss said he only realized hours later the gunman had tried to shoot him when he found a ...
FSU Gunman was Texas Tech Law School Graduate: OfficialsNBC 5 Dallas-Fort Worth
Official Says FSU Gunman Was Alumnus750 KXL
Official: FSU gunman attended Texas Tech Law SchoolMYfoxLUBBOCK.COM
KCBD-TV -TVNZ
all 1,295 news articles »

Violence in Post-Verdict Ferguson: What We Should Really Be Worried About - Huffington Post
Thu, 20 Nov 2014 17:05:41 +0000


Salon

Violence in Post-Verdict Ferguson: What We Should Really Be Worried About
Huffington Post
Many reports out this week warn that if the grand jury sitting in the Darren Wilson case decides not to indict, there will likely be violence in Ferguson, Missouri. This, the media explains, is why Governor Jay Nixon has already declared a state of emergency.
Police arrest protesters as St. Louis awaits grand jury decisionDaily Mail
In Ferguson: State, City Brace For Response To Grand Jury's DecisionThenewjournalandguide
After nights of calm, raucous protest in FergusonWTVC
Boston Herald -Taunton Daily Gazette -WDIV Detroit
all 203 news articles »

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