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News & Updates
October 16, 2014 The Economist Who Won The Nobel Prize Figured Out Why CEOs Get Such Gigantic BonusesSource: Business Insider
Why are CEOs paid so well? In part, because they constantly have the opportunity to renegotiate their contracts, which are often heavy on the stock-based bonuses.
October 16, 2014 Fitch Puts EU Rescue Fund on Watch for Possible Downgrade
Money News - îFitch ratingsî agency on Wednesday put the EU's 500-billion-euro bailout fund on review for a possible downgrade, triggered by concerns over France's battle to tame a ballooning budget deficit. The...
October 10, 2014 PepsiCo profit sizzles, boosts outlook for year; shares riseSource: Reuters
PepsiCo Inc (PEP.N) raised its full-year earnings forecast and said snack sales helped its quarterly profit beat expectations, sending its shares up more than 1 percent in morning trading on Thursday.
October 10, 2014 The Economic Costs of Ebola Are Rising TooSource: Time
The longer the outbreak lasts and the farther the disease travels, the harder it will hit global growth
October 9, 2014 Obama Had Security Fears on JPMorgan Data BreachSource: NY Times
President Obama and his top national security advisers began receiving periodic briefings on the huge cyberattack at JPMorgan Chase and other financial institutions this summer, part of a new effort to keep security officials as...
October 9, 2014 U.S. Fed frets over strong dollar, global woes - minutesSource: Reuters
Federal Reserve officials want to tie an interest-rate rise to U.S. economic progress, but the minutes of their last policy meeting show they are struggling with how to come to grips with the dual threats of a stronger dollar and...
October 8, 2014 U.S. Said to Ready Charges Against Banks in Forex RiggingSource: Bloomberg BusinessWeek
U.S. prosecutors are pressing to bring charges against a bank for currency-rate rigging by the end of the year, and actions against individuals will probably follow in 2015, according to people familiar with the probe.
NASDAQ - The Stoxx Europe 600 index dropped 0.5% to 334.38, breaking a two-day winning streak. France's CAC 40 index gave up 0.4% to 4,267.65, while the U.K.'sFTSE 100 index fell 0.4% to 6,538.25. Subscribe to WSJ:...
October 7, 2014 Obama urges regulators to tailor standards for financial firmsSource: Reuters
President Barack Obama gathered the top U.S. market regulators at the White House on Monday and urged them to look for ways to tailor rules based on financial firms' size and complexity.
October 7, 2014 Dollar posts biggest one-day drop since JanuarySource: Reuters
The dollar's rally halted on Monday as profit-taking emerged after Friday's solid U.S. jobs report reinforced the view the U.S. Federal Reserve will raise interest rates in mid-2015.
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