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China's HSBC PMI Falls For Third Month In a Row

Mon, 03/31/2014 - 10:18pm
A closely watched monthly gauge of China's manufacturing activities fell to a final reading of 48.0 in March from 48.5 in February, marking the third consecutive monthly decline and the worst reading since July of last year, HSBC said Tuesday in a report.
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Japan tankan sentiment drop worse than 1997 tax hike: BOJ official

Mon, 03/31/2014 - 9:08pm
The pace of decline in the Bank of Japan's tankan sentiment outlook is more than the last time the government raised the sales tax in 1997, a central bank official said on Tuesday.
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China's Official Manufacturing Index Rises Slightly

Mon, 03/31/2014 - 9:08pm
LOS ANGELES The official version of a closely watched Chinese manufacturing gauge saw a small improvement in March, indicating subdued growth for the sector, according to reported data out Tuesday.
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Rigging the Stock Market is Old Hat

Mon, 03/31/2014 - 6:57pm
Is the latest revelation of stock market manipulation by high-speed traders via a just released 60 Minutes report really new?
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FBI Probes High-frequency Trading For Crimes

Mon, 03/31/2014 - 6:15pm
The Federal Bureau of Investigation is looking at possible criminal wrongdoing when it comes to high-frequency trading, according to an FBI spokesperson.
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Macy's chief merchant named president in possible succession move

Mon, 03/31/2014 - 5:39pm
Macy's Inc said on Monday it promoted its chief merchandising officer, Jeffrey Gennette, to president of the company, in a move that positions him to potentially become the retailer's next chief executive.
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Copper Stalls After 2-Week High, Aluminium Gains

Mon, 03/31/2014 - 5:18pm
Copper eased on Monday, after earlier hitting a two-week high, as investors proved wary of China's tighter credit conditions, despite speculation Beijing would move to stimulate its economy.
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House Ways And Means Chairman Dave Camp Retiring

Mon, 03/31/2014 - 5:03pm
House Ways and Means Committee Chairman Dave Camp said Monday he won't seek re-election.
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Senate Probe: Caterpillar Avoided $2.4B in U.S. Taxes

Mon, 03/31/2014 - 5:00pm
A Senate report shows the manufacturer avoided $2.4 billion in federal taxes between 2000 and 2012 by shifting $8 billion in profits. Caterpillar says it followed the law and stands by its tax structure.
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GM Recalls 1.3 Million Cars For Steering Defect

Mon, 03/31/2014 - 4:40pm
General Motors Co. said Monday it is recalling at least 1.3 million cars to fix their power steering.
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JPMorgan, Dimon Must Face London Whale Suits: Report

Mon, 03/31/2014 - 4:34pm
A judge ruled Monday that JPMorgan must face a suit filed by shareholders who have accused the banking giant of concealing risks related to the London Whale scandal.  
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Ares Management Announces $100 Million IPO

Mon, 03/31/2014 - 4:32pm
Ares Management, L.P. announced on Monday that it has filed a proposal for an initial public offering of $100 million with the Securities and Exchange Commission.
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S&P 500 Extends Quarterly Win Streak

Mon, 03/31/2014 - 4:07pm
The U.S. stock market closed higher on Monday, while quarterly performance for the main indexes was mixed.
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Sacré Bleu! Hollande Humiliated

Mon, 03/31/2014 - 3:31pm
France's president may be in big trouble on the heels of humiliating local municipal elections. 
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House Memo Says NHTSA Failed to Investigate GM Problems

Mon, 03/31/2014 - 3:15pm
Congressional investigators released a memo saying NHTSA twice declined to open investigations into defective GM ignition switches.
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NHTSA chief says agency did not have evidence to warrant GM probe

Mon, 03/31/2014 - 3:07pm
The U.S. National Highway Traffic Safety Administration did not have enough evidence to open a formal investigation into defective ignition switches in General Motors cars, NHTSA acting Administrator David Friedman said in prepared testimony to Congress.
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Oil Prices Down 1% On Month, Up Over 3% On Quarter

Mon, 03/31/2014 - 2:50pm
Oil futures settled a bit lower on Monday, pulling back from a nearly three-week high as a gauge on Chicago-area businesses recorded a decline.
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GM Chief ‘Deeply Sorry’ for Ignition-Switch Issues

Mon, 03/31/2014 - 2:23pm
GM CEO Mary Barra will tell lawmakers this week that she is currently unable to explain a long delay in addressing defective ignition switches, vowing to find out why the company put off a recall for years.

House Probe: NHTSA Failed to Investigate GM Problems

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Gold Down For The Day And Month, Up On Quarter

Mon, 03/31/2014 - 2:00pm
Gold futures fell on Monday for a fourth session with a slew of economic reports expected to fuel volatility throughout the week, but prices for the metal still gained nearly 7% for the quarter.
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MetLife To Pay $60M Fine for Licensing Violations

Mon, 03/31/2014 - 1:57pm
MetLife will pay $60 million in fines to settle charges the insurance giant’s subsidiaries sought business in New York without the proper licensing and then misled investigators.
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