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News & Updates
August 21, 2014 Pa. pension: Above average not enough; deficit rising
Philadelphia Daily News - The îPennsylvania State Employees' Retirement Systemî, close to "fully funded" in the early 2000s, is falling farther behind balancing its current assets with its expected future liabilities...
Source: NY Times
Berkshire has agreed to pay $896,000 to settle accusations by the Justice Department that it did not follow antitrust guidelines before acquiring additional shares in the USG Corporation in December, according to a filing in the...
August 21, 2014 US investors look to Jackson Hole, Yellen's speechSource: CNBC
U.S. stock index futures indicated a higher open on Thursday, as the closely-watched Jackson Hole symposium of central bankers gets underway. It comes after the U.S. Federal Reserve released minutes of its July meeting on...
August 21, 2014 Dow, S&P 500 rise after Fed minutes reassure on ratesSource: Reuters
U.S. stocks ended mostly higher on Wednesday, with the S&P 500 just missing a record close, after minutes from the Federal Reserve's July meeting gave investors reason to believe that the central bank is in no rush to raise...
August 21, 2014 7 reasons why this product cycle will be different for Apple
As investors steady themselves for the release of Apple’s latest generation iPhone this September, analysts from Morgan Stanley say there is no need to fret about this product cycle.
August 20, 2014 Apple Soars to Record Amid Optimism About Coming ProductsSource: Bloomberg
Apple Inc. (AAPL)’s stock closed at an all-time high, surpassing a 2012 record as investors look ahead to new products such as bigger-screen iPhones and a wristwatch-like device that may jump-start revenue growth. Apple rose 1.4...
August 20, 2014 Are Socially Responsible Funds a Smart Way to Invest?Source: US News
Some mutual fund companies are tapping into growing interest among millennials and women to invest in funds that account for environmental and social issues. But are so-called "socially responsible" funds simply a way for...
August 20, 2014 Gold Falls for a Fourth Day as Platinum Extends DeclineSource: Bloomberg
Gold fell for a fourth day in London as a stronger dollar cut demand. Platinum slipped to a two-month low in the longest run of declines in six years.
August 20, 2014 European Markets Fall, Heineken Climbs On Earnings
Hispanic Business - Economists had forecast a 0.7% decline for the month. On a monthly basis, prices were down 0.1%. The Euro îStoxxî 50 index of eurozone bluechip stocks is losing 0.24%, while the îStoxxî...
August 20, 2014 Dollar hits multi-month highs on U.S.-economy optimismSource: MarketWatch
The greenback hit a four-month high against the yen and the British pound and a nine-month high against the euro after the data showed U.S. home construction surged in July, bolstering the case for the U.S. economic recovery and...
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