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News & Updates
September 25, 2014 Harvard taps Stephen Blyth to run $36.4B endowmentSource: CNBC
Stephen Blyth will take over as CEO of the unit overseeing Harvard University's $36.4 billion endowment on Jan. 1, the school announced Wednesday.
September 25, 2014 U.S. Treasury denies allowing 'excessive' executive pay at GM, AllySource: Reuters
The U.S. Treasury last year permitted top executives at General Motors Co and Ally Financial Inc to collect "excessive pay" while those companies were part of a taxpayer-funded government loan program, a special inspector general...
September 25, 2014 Euro drops to 14-month low amid Germany concernsSource: Sydney Morning News
The euro dropped below $US1.28 for the first time in 14 months after a report showed German business confidence fell more than forecast, fueling bets the European Central Bank will add further monetary stimulus.
September 25, 2014 Dollar Hits Four-Year High as Metals Drop on China FraudSource: Bloomberg
The dollar jumped to a four-year high and precious metals retreated after surging U.S. new-home sales signaled strength in the world’s biggest economy. Chinese shares in Hong Kong dropped with industrial metals and the yuan after...
September 25, 2014 Wall St. rallies, S&P back above 14-day moving averageSource: Reuters
U.S. stocks jumped in a broad advance on Wednesday, with the S&P 500 snapping a three-day losing streak and climbing back above a key technical level in a move that pointed to improving near-term momentum.
September 25, 2014 China Watchdog Finds $10 Billion in Fake Currency TradeSource: Bloomberg
China uncovered almost $10 billion in fraudulent trade nationwide as part of an investigation begun in April last year, including many irregularities in the port of Qingdao, the country’s currency regulator said today.
September 24, 2014 Age, not gender, leads new income gap
labour-reporter.com - According to a report â The Bucks Stop Here â released today by îthe Conference Boardî of Canada, income inequality between ... older workers that could threaten future economic...
September 24, 2014 U.S. energy infrastructure revamp may unlock $6 trillion market: KerrySource: Reuters
U.S. Secretary of State John Kerry said Monday the United States could potentially unlock a $6 trillion energy market by revamping the country’s fractured electricity grid, a move that he said would boost the competitiveness of...
September 24, 2014 European Stocks Fall on Eurozone Fears -- 2nd Update
news.morningstar.com - The îStoxxî Europe 600 index was 1.3% lower midway through the session, deepening Monday's decline. The fall came after data firm Markit's monthly composite purchasing managers index--a measure...
September 24, 2014 Oracle Cuts Ellison’s Stock Awards, Adds CEOs’ IncentivesSource: BloombergBusinessWeek
Oracle Corp. (ORCL:US) changed its compensation plan for executives and is tying pay packages more closely to the company’s performance, following Larry Ellison’s decision to step down as chief executive officer
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