Saudia Arabia Turns Its Back On Oil !

By Daniel Fineren DUBAI (Reuters) – Saudi Arabia may be starting to overcome a long addiction to generating electricity from its own oil, easing a nagging concern for a global market reliant on free-flowing crude exports from the kingdom. Over […]

by · November 18, 2013 · Business, World News

US Homebuilder Confidence Stabilized

NEW YORK (Reuters) – U.S. homebuilder confidence stabilized in November after falling for two straight months, though steady home demand was tempered by worries about further fiscal battles in Washington, the National Association of Home Builders said on Monday. The […]

by · November 18, 2013 · Business

AbbVie Announced Experimental Oral Hepatitis C Treatment helped 96% Of Treated Patients In Trials.

(Reuters) – AbbVie Inc said a late-stage trial of its experimental oral hepatitis C treatment showed about 96 percent of patients had no detectable levels of the virus after 12 weeks. AbbVie shares rose 3 percent. Shares of Enanta Pharmaceuticals […]

by · November 18, 2013 · Business, Health & Nutrition

Foreign Investors Show Faith In Long Term US Securities

By Steven C. Johnson NEW YORK (Reuters) – Foreigners fled from short-term U.S. assets in September as a budget battle in Washington raised fears the government could default on some obligations, though demand for longer-term securities rose, U.S. Treasury data […]

by · November 18, 2013 · Business, Domestic News, World News

NY Monday Morning Stocks Rise

NEW YORK (Reuters) – U.S. stocks rose at the open on Monday, with the Dow and S&P extending record highs as trading continues to focus on economic stimulus from the Federal Reserve. The Dow Jones industrial average <.DJI> rose 43.6 […]

by · November 18, 2013 · Business

Europe Needs To Get Tough On Banks

By Thomas Atkins FRANKFURT (Reuters) – Europe needs to stop propping up ailing banks and also have the courage to tackle lenders viewed as “too big to fail” if it wants to repair its financial sector and restore growth, leading […]

by · November 18, 2013 · Business, World News

$200 Billion A Year Lost To Climate Change Extreme Weather Events!

By Nina Chestney WARSAW (Reuters) – Global economic losses caused by extreme weather events have risen to nearly $200 billion a year over the last decade and look set to increase further as climate change worsens, a report by the […]

by · November 18, 2013 · Business, Domestic News, World News

U.N. Urges Europe To Lead In Combating Climate Change

By Andrius Sytas VILNIUS (Reuters) – U.N. Secretary General Ban Ki-moon urged the European Union on Monday to stay at the vanguard of efforts to combat climate change, sweeping aside arguments led by Poland and business leaders that the bloc […]

by · November 18, 2013 · Business, Science, World News

Major European Banks Accounting Practices Leave Investors Guessing

By Huw Jones LONDON (Reuters) – Big variations in how major European Union banks do their accounts can leave investors guessing over their financial health and could also undermine financial stability, a top regulator said on Monday. Banks’ accounting practices […]

by · November 18, 2013 · Business, World News

Women Rule! 30% Of All German Corporate Board Seats Must Be Held By Women

By Erik Kirschbaum BERLIN (Reuters) – Chancellor Angela Merkel’s conservatives and the Social Democrats (SPD) agreed on Monday to introduce legislation requiring German companies to allot 30 percent of their non-executive board seats to women from 2016. Negotiators from the […]

by · November 18, 2013 · Business, World News

Euro zone trade surplus grows

By Martin Santa BRUSSELS (Reuters) – The euro zone’s trade surplus grew more than expected in September as imports were flat and exports rose, data from the European Union statistics office Eurostat showed on Monday. The trade surplus for the […]

by · November 18, 2013 · Business, World News

Dollar Falls

By Anirban Nag LONDON (Reuters) – The dollar and the yen fell on Monday against growth-linked currencies which drew support from higher stock markets as investors cheered prospects of more economic reform in Asian powerhouse, China. Chinese shares posted their […]

by · November 18, 2013 · Business, World News

Negotiations To Set Up International Carbon Markets Break Down

By Stian Reklev and Michael Szabo WARSAW (Reuters) – International negotiations on how to set up new carbon markets to cut greenhouse gas levels broke down over the weekend in Warsaw, sources said, after developing nations refused to progress the […]

by · November 17, 2013 · Business, World News

Top U.S. Hedge Funds Play The Consumer Sector

By Sam Forgione, Katya Wachtel and Svea Herbst-Bayliss NEW YORK/BOSTON (Reuters) – Top U.S. hedge fund managers in the third quarter zoned in on the consumer sector, with investment plays ranging from Sotheby’s <BID.N>, a high-end auction house that caters […]

by · November 15, 2013 · Business

Eurozone Growth Weakens Euro Falls

NEW YORK (Reuters) – The euro fell on Thursday as the euro zone reported weakening growth, while the dollar touched a two-month high against the yen after Japan’s finance minister said currency intervention was still a policy option. The data […]

by · November 14, 2013 · Business