Provides the latest RSS feeds for World Markets News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Philippine Times.com http://www.philippinetimes.com/index.php/cat/da4df54c389ee3f7/ en-us Wed, 22 May 2013 08:15:45 -0400 Wed, 22 May 2013 08:15:45 -0400 30 Beijing, May 22 (Xinhua-ANI): The U.S. dollar advanced against most major currencies on Tuesday, but weakened against the euro after a U.S. Federal Reserve official indicated that the central bank may not taper its bond-purchasing program soon. St. Louis Federal Reserve Bank President James Bullard said at an event in Frankfurt that the Fed should continue with the quantitative easing to boost ... http://www.philippinetimes.com/index.php/sid/214685516/scat/da4df54c389ee3f7 Wed, 22 May 2013 06:50:03 -0400 http://www.philippinetimes.com/index.php/sid/214685516/scat/da4df54c389ee3f7 Trading on the Nasdaq stock exchange, the world's leading market for technology stocks, will be opened for the first time from Ireland on October 30. The opening bell will be rung live on stage in front of 7,000 people at the RDS during this year's Web Summit. According to the Web Summit organisers, remote opening and closing bell ceremonies are extremely rare, with the ceremony ... http://www.philippinetimes.com/index.php/sid/214686350/scat/da4df54c389ee3f7 Wed, 22 May 2013 06:54:54 -0400 http://www.philippinetimes.com/index.php/sid/214686350/scat/da4df54c389ee3f7 KMDA ) plans to raise up to $69 million on Nasdaq next week, following the IPO by Alcobra Pharmaceuticals Ltd. on Tuesday. The capital that Kamada plans to raise will be at a company value roughly equal to its current market cap of $331 million on the Tel Aviv Stock Exchange (TASE). The underwriters, Morgan Stanley (NYSE: MS) and Jeffries & Co. have an over-allotment offer to buy up to an ... http://www.philippinetimes.com/index.php/sid/214686019/scat/da4df54c389ee3f7 Wed, 22 May 2013 06:48:32 -0400 http://www.philippinetimes.com/index.php/sid/214686019/scat/da4df54c389ee3f7 Shares of Sony spiked to their highest level in two years Wednesday on reports that the company is considering a spin off of its movie and music ... http://www.philippinetimes.com/index.php/sid/214686023/scat/da4df54c389ee3f7 Wed, 22 May 2013 06:39:17 -0400 http://www.philippinetimes.com/index.php/sid/214686023/scat/da4df54c389ee3f7 Apple is one of America's most profitable companies. And it pays a substantial income tax bill to the U.S. government -- by its own account, $6 billion in 2012 and an estimated $7 billion this ... http://www.philippinetimes.com/index.php/sid/214685613/scat/da4df54c389ee3f7 Wed, 22 May 2013 06:39:02 -0400 http://www.philippinetimes.com/index.php/sid/214685613/scat/da4df54c389ee3f7 +0.55% on Wednesday reported sales and earnings for the first quarter that slightly fell short of forecasts, though the company kept its 2013 outlook unchanged. Staples posted first-quarter earnings per share of 26 cents, versus 28 cents in the same period a year ago. Sales for Staples fell 3% to $5.815 billion versus $6.025 billion in the year-ago period. A survey of analysts polled by FactSet ... http://www.philippinetimes.com/index.php/sid/214685576/scat/da4df54c389ee3f7 Wed, 22 May 2013 06:30:43 -0400 http://www.philippinetimes.com/index.php/sid/214685576/scat/da4df54c389ee3f7 +0.17% on Wednesday reported a 2.5% increase in first-quarter net earnings to $540 million, or 49 cents a share, from $527 million, or 43 cents a share, in the year-ago period. Sales slipped 0.5% to $13.1 billion from $13.2 billion, while comparable sales fell 0.7%. Analysts surveyed by FactSet expected earnings of 51 cents a share on revenue of $13.47 billion. For the full fiscal year ... http://www.philippinetimes.com/index.php/sid/214686353/scat/da4df54c389ee3f7 Wed, 22 May 2013 06:30:40 -0400 http://www.philippinetimes.com/index.php/sid/214686353/scat/da4df54c389ee3f7 JSE-listed electronics company Reunert says its revenue and profitability declined in the first half of the year, mostly due to its CBI-electric and Nashua segments. Reunert says it will plan for and pursue earnings growth. However, because of tough trading conditions, it will continue to "focus on rigorous cost control, effective cash management and extracting efficiencies from its ... http://www.philippinetimes.com/index.php/sid/214685302/scat/da4df54c389ee3f7 Wed, 22 May 2013 05:43:07 -0400 http://www.philippinetimes.com/index.php/sid/214685302/scat/da4df54c389ee3f7 Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favours long-standing ties with banks, business partners and workers rather than shareholders seeking value. Struggling electronics giant Sony, though, with more foreign and fewer bank shareholders, may prove something of an exception. That's the hope, at least, of ... http://www.philippinetimes.com/index.php/sid/214685303/scat/da4df54c389ee3f7 Wed, 22 May 2013 05:43:05 -0400 http://www.philippinetimes.com/index.php/sid/214685303/scat/da4df54c389ee3f7 New Intel CEO Brian Krzanich has said that under his leadership, the top chipmaker will be more responsive to customers. Intel's new CEO, Brian Krzanich, has launched sweeping company reorganisation and created a unit aimed at growing its market share in mobile technology. The shake-up, announced internally just days after the 30-year veteran took the helm, places most of the main product ... http://www.philippinetimes.com/index.php/sid/214685304/scat/da4df54c389ee3f7 Wed, 22 May 2013 05:43:03 -0400 http://www.philippinetimes.com/index.php/sid/214685304/scat/da4df54c389ee3f7 Google's tax affairs will come under renewed scrutiny in Britain today when the leader of the opposition Labour party accuses the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax. In comments designed to politically outflank prime minister David Cameron ahead of next month's G8 summit on what has become a high-profile issue, Ed Miliband, the ... http://www.philippinetimes.com/index.php/sid/214685305/scat/da4df54c389ee3f7 Wed, 22 May 2013 05:43:01 -0400 http://www.philippinetimes.com/index.php/sid/214685305/scat/da4df54c389ee3f7 Apple CEO Tim Cook (centre), CFO Peter Oppenheimer (left) and Apple head of tax operations Philip Bullock appear before a Senate homeland security and governmental affairs investigations subcommittee hearing on offshore profit shifting and the US tax code, in Washington. Apple CEO Tim Cook made no apology yesterday for the iPad maker saving billions of dollars in US taxes through Irish ... http://www.philippinetimes.com/index.php/sid/214685306/scat/da4df54c389ee3f7 Wed, 22 May 2013 05:42:58 -0400 http://www.philippinetimes.com/index.php/sid/214685306/scat/da4df54c389ee3f7 U.S. stock futures were pointing higher, as investors anticipate that the central bank will not start tapering off its stimulus programs in the near future. Bernanke will discuss his outlook for the economy Wednesday before Congress in a hearing that begins at 10 a.m. ET. Then at 2 p.m. the Fed will release the minutes from its most recent policy ... http://www.philippinetimes.com/index.php/sid/214684696/scat/da4df54c389ee3f7 Wed, 22 May 2013 05:31:12 -0400 http://www.philippinetimes.com/index.php/sid/214684696/scat/da4df54c389ee3f7 * Dollar index dips 0.1 pct, German bond yields ease * Markets bets on 'no-change' signal from Fed chief * European shares ease off multi-year highs * Gold, copper gain on hopes of Fed support By Richard Hubbard LONDON, May 22 (Reuters) - The dollar and benchmark German debt yields eased on Wednesday as expectations hardened that the head of the U.S. central bank will later in the day ... http://www.philippinetimes.com/index.php/sid/214685596/scat/da4df54c389ee3f7 Wed, 22 May 2013 05:29:52 -0400 http://www.philippinetimes.com/index.php/sid/214685596/scat/da4df54c389ee3f7 LONDON (MarketWatch) -- The Bank of England's Monetary Policy Committee earlier this month voted unanimously to keep interest rates unchanged at a record low 0.5%, while three out of the nine members voted in favor of increasing the bank's asset purchases, according to minutes of the meeting published Wednesday. Governor Mervyn King, Paul Fisher and David Miles preferred to increase the ... http://www.philippinetimes.com/index.php/sid/214685307/scat/da4df54c389ee3f7 Wed, 22 May 2013 05:23:14 -0400 http://www.philippinetimes.com/index.php/sid/214685307/scat/da4df54c389ee3f7 LONDON (MarketWatch)-- European stock markets nudged lower in early action on Wednesday, pausing after climbing to multiyear highs in the prior day's session, as investors stayed cautious ahead of comments from the U.S. Federal Reserve Chairman Ben Bernanke. The Stoxx Europe 600 ... http://www.philippinetimes.com/index.php/sid/214683650/scat/da4df54c389ee3f7 Wed, 22 May 2013 04:16:24 -0400 http://www.philippinetimes.com/index.php/sid/214683650/scat/da4df54c389ee3f7 EUR/USD initially failed to extend the tentative short-term uptrend that started on Monday. EUR/USD tried to regain the 1.29 mark at the onset of trading in Europe. However, as was the case on Friday evening and earlier yesterday in Asia, this was a too high hurdle. EUR/USD gradually drifted south and reversed a big part of Monday's rebound. There was hardly any news. European equities ... http://www.philippinetimes.com/index.php/sid/214683922/scat/da4df54c389ee3f7 Wed, 22 May 2013 04:15:52 -0400 http://www.philippinetimes.com/index.php/sid/214683922/scat/da4df54c389ee3f7 Ben Bernanke 's Capitol Hill testimony Wednesday follows lawmakers charging he purposely withheld strategic information from them. Bernanke is to appear before the House-Senate Joint Economic Committee at 10 a.m. This will be followed 4 hours later by the release of the minutes of the central bank's most recent policy meeting. The testimony and the minutes release could alter the ... http://www.philippinetimes.com/index.php/sid/214683653/scat/da4df54c389ee3f7 Wed, 22 May 2013 04:05:32 -0400 http://www.philippinetimes.com/index.php/sid/214683653/scat/da4df54c389ee3f7 JAKARTA | Wed May 22, 2013 3:44am EDT JAKARTA May 22 (Reuters) - Indonesia plans to issue global bonds in the second half of this year, and dollar bonds in the domestic market in October, the head of the debt office said on Wednesday. Indonesia also plans to issue 20 trillion rupiah ($2 billion) of retail bonds in October, and a global sukuk in September or October, said Robert ... http://www.philippinetimes.com/index.php/sid/214683628/scat/da4df54c389ee3f7 Wed, 22 May 2013 03:44:33 -0400 http://www.philippinetimes.com/index.php/sid/214683628/scat/da4df54c389ee3f7 * Dollar index dips 0.1 pct, Bund futures rise * Markets bets on 'no-change' signal from Fed chief * European shares steady near multi-year highs By Richard Hubbard LONDON, May 22 (Reuters) - The dollar dipped and benchmark Bund futures rose on Wednesday as expectations hardened that the head of the U.S. central bank will later in the day signal no tapering off of the bank's ... http://www.philippinetimes.com/index.php/sid/214683627/scat/da4df54c389ee3f7 Wed, 22 May 2013 03:43:26 -0400 http://www.philippinetimes.com/index.php/sid/214683627/scat/da4df54c389ee3f7 Mobile Money, the groundbreaking low-cost banking solution introduced by MTN, in partnership with The South African Bank of Athens, has shown a double-digit, month-on-month growth, as cellphone users embrace the speed and convenience of accessing a wide range of financial services directly from their mobile phones. Mobile Money takes convergence to the next level, offering a conduit to services ... http://www.philippinetimes.com/index.php/sid/214683392/scat/da4df54c389ee3f7 Wed, 22 May 2013 03:28:33 -0400 http://www.philippinetimes.com/index.php/sid/214683392/scat/da4df54c389ee3f7 +0.69% was upgraded to buy from neutral by analysts at Citi in a note that published May 22. Citi also lifted its price target to $55 from $33 and increased its 2017 earnings per share forecast by 31%, which is 27% above consensus. "Active immunotherapy will become the backbone of at least 60% of cancer indications over the next ten years, we believe," and BMY's "very broad ... http://www.philippinetimes.com/index.php/sid/214683393/scat/da4df54c389ee3f7 Wed, 22 May 2013 03:09:26 -0400 http://www.philippinetimes.com/index.php/sid/214683393/scat/da4df54c389ee3f7 OSLO | Wed May 22, 2013 2:55am EDT OSLO May 22 (Reuters) - Oslo-listed holding company Aker ASA is planning to issue a 3 billion crowns ($516.66 million) worth of unsecured bonds with maturity in June 2018 and 2020, it said on Wednesday. Aker, which owns major stakes in Aker Solutions, Det norske and Kvaerner, said it would use the proceeds for general corporate purposes. Arctic ... http://www.philippinetimes.com/index.php/sid/214682982/scat/da4df54c389ee3f7 Wed, 22 May 2013 02:55:39 -0400 http://www.philippinetimes.com/index.php/sid/214682982/scat/da4df54c389ee3f7 Sydney - Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a five-and-a-half-year high, while the yen took a defensive stance ahead of the outcome of the Bank of Japan's (BOJ) policy ... http://www.philippinetimes.com/index.php/sid/214681702/scat/da4df54c389ee3f7 Wed, 22 May 2013 02:21:38 -0400 http://www.philippinetimes.com/index.php/sid/214681702/scat/da4df54c389ee3f7 Wed May 22, 2013 2:20am EDT * Some Asian stock markets buoyed by record highs on Wall St * Fed officials play down speculation of ending stimulus anytime soon * BOJ keeps policy unchanged as expected * JGB futures dip after BOJ, Nikkei stays firm By Masayuki Kitano and Vidya Ranganathan SINGAPORE, May 22 (Reuters) - Some Asian stock markets rose on Wednesday following a positive lead from Wall ... http://www.philippinetimes.com/index.php/sid/214682678/scat/da4df54c389ee3f7 Wed, 22 May 2013 02:20:55 -0400 http://www.philippinetimes.com/index.php/sid/214682678/scat/da4df54c389ee3f7 HONG KONG (MarketWatch) -- Hong Kong stocks overcame tentative early trade to edge higher Wednesday, with property developers and Chinese banks rising in the wake of strong global and regional cues to offset losses for heavyweight HSBC Holdings PLC. The Hang Seng ... http://www.philippinetimes.com/index.php/sid/214682002/scat/da4df54c389ee3f7 Wed, 22 May 2013 02:02:13 -0400 http://www.philippinetimes.com/index.php/sid/214682002/scat/da4df54c389ee3f7 expand its balance sheet by purchasing longer-term debt and securities like ETFs. The bank also merged its asset-purchase programs and suspended a rule that prohibited the purchase of longer-term debt. The new purchases -- made at an annual pace of 60 - 70 trillion yen -- will double the bank's monetary base over a two-year period. The bank affirmed those policies Wednesday. "Such ... http://www.philippinetimes.com/index.php/sid/214681479/scat/da4df54c389ee3f7 Wed, 22 May 2013 01:01:57 -0400 http://www.philippinetimes.com/index.php/sid/214681479/scat/da4df54c389ee3f7 LOS ANGELES (MarketWatch) -- The U.S. dollar slipped Wednesday, trading down against major rivals as investors waited to hear Federal Reserve Chairman Ben Bernanke's view of the U.S. economy and what that may mean for the Fed's current easing ... http://www.philippinetimes.com/index.php/sid/214680767/scat/da4df54c389ee3f7 Wed, 22 May 2013 00:53:20 -0400 http://www.philippinetimes.com/index.php/sid/214680767/scat/da4df54c389ee3f7 LOS ANGELES (MarketWatch) -- The Bank of Japan held its policy unchanged at the end of its two-day meeting Wednesday, while saying that the economy was improving. "Japan's economy has started picking up. Exports have stopped decreasing as overseas ecnomies have been moving out of the deceleration phase that had continued since last year and are gradually heading toward a pick-up," ... http://www.philippinetimes.com/index.php/sid/214679712/scat/da4df54c389ee3f7 Tue, 21 May 2013 23:43:38 -0400 http://www.philippinetimes.com/index.php/sid/214679712/scat/da4df54c389ee3f7 LOS ANGELES (MarketWatch) -- Hong Kong's stock market was due to open at 1 p.m. local time for the afternoon session after the Hong Kong Observatory dowgraded its rain warning to "amber" from "black," indicating easing rains. The morning session was cancelled due to the ... http://www.philippinetimes.com/index.php/sid/214678933/scat/da4df54c389ee3f7 Tue, 21 May 2013 22:33:49 -0400 http://www.philippinetimes.com/index.php/sid/214678933/scat/da4df54c389ee3f7 Tue May 21, 2013 9:43pm EDT (Adds details, comments, stocks on the move) SYDNEY May 22 (Reuters) - Australian shares inched 0.1 percent higher on Wednesday, led by blue-chip miners after comments from two voting U.S. Federal Reserve presidents eased fears the Fed was contemplating an imminent cut in its stimulus programme, helping Wall Street close at all-time highs. Bellwether miners BHP ... http://www.philippinetimes.com/index.php/sid/214678637/scat/da4df54c389ee3f7 Tue, 21 May 2013 21:43:19 -0400 http://www.philippinetimes.com/index.php/sid/214678637/scat/da4df54c389ee3f7 LOS ANGELES (MarketWatch) -- Australian stocks rose Wednesday, with mining issues continuing to recover from recent weakness that stemmed in part from concerns about slowing in China. The S&P/ASX ... http://www.philippinetimes.com/index.php/sid/214677893/scat/da4df54c389ee3f7 Tue, 21 May 2013 21:24:47 -0400 http://www.philippinetimes.com/index.php/sid/214677893/scat/da4df54c389ee3f7 HONG KONG (MarketWatch) -- Japanese stocks extended gains early Wednesday, with exporters spurred after two Federal Reserve members suggested the central bank wasn't close to slowing monetary stimulus in the U.S. The Nikkei Stock ... http://www.philippinetimes.com/index.php/sid/214677716/scat/da4df54c389ee3f7 Tue, 21 May 2013 21:24:46 -0400 http://www.philippinetimes.com/index.php/sid/214677716/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- An immigration bill that offers a path to citizenship for millions passed through the Senate Judiciary committee Wednesday night. The 13-to-5 vote means the bill could make it to the floor as early as next ... http://www.philippinetimes.com/index.php/sid/214678453/scat/da4df54c389ee3f7 Tue, 21 May 2013 21:24:45 -0400 http://www.philippinetimes.com/index.php/sid/214678453/scat/da4df54c389ee3f7 LOS ANGELES (MarketWatch) -- Japan's trade deficit widened sharply in April, as export growth was tepid while imports surged, according to Finance Ministry data released Wednesday. The trade gap grew to 880 billion yen ($8.6 billion) from March's 364 billion deficit, as exports rose just 3.8% from a year earlier, well below Dow Jones Newswires and Reuters forecasts for a gain of 5% and ... http://www.philippinetimes.com/index.php/sid/214677894/scat/da4df54c389ee3f7 Tue, 21 May 2013 21:24:44 -0400 http://www.philippinetimes.com/index.php/sid/214677894/scat/da4df54c389ee3f7 Louis Hernandez Jr., president and CEO, Avid Technology Avid Technology Inc. (Nasdaq:AVID) received its second letter from the Nasdaq Listing Qualifications Department saying it was no longer in compliance with Nasdaq exchange rules. The Burlington, Mass.-based maker of digital audio and video technology said it received the first warning letter in March after it delayed the filing of its annual ... http://www.philippinetimes.com/index.php/sid/214678138/scat/da4df54c389ee3f7 Tue, 21 May 2013 20:52:55 -0400 http://www.philippinetimes.com/index.php/sid/214678138/scat/da4df54c389ee3f7 The Army is planning to launch a new reality TV program, "Starting Strong," on June 2, aimed at recruiting 18- to 24-year-olds to enlist in the ... http://www.philippinetimes.com/index.php/sid/214676752/scat/da4df54c389ee3f7 Tue, 21 May 2013 20:24:00 -0400 http://www.philippinetimes.com/index.php/sid/214676752/scat/da4df54c389ee3f7 Tue May 21, 2013 8:20pm EDT (Updates with movements in early trade) SYDNEY May 20 (Reuters) - Australian shares rose 0.4 percent on Wednesday, led by blue-chip miners after comments from U.S. Federal Reserve officials eased some concerns that the central bank might scale back its stimulus programme, helping Wall Street close at all-time highs. Bellwether miners BHP Billiton Ltd and Rio Tinto Ltd ... http://www.philippinetimes.com/index.php/sid/214677692/scat/da4df54c389ee3f7 Tue, 21 May 2013 20:20:24 -0400 http://www.philippinetimes.com/index.php/sid/214677692/scat/da4df54c389ee3f7 Federal Reserve presidents and sent the Dow Jones industrial average to its 22nd high of the year Tuesday. Regional Fed Presidents James Bullard ... http://www.philippinetimes.com/index.php/sid/214676307/scat/da4df54c389ee3f7 Tue, 21 May 2013 18:57:14 -0400 http://www.philippinetimes.com/index.php/sid/214676307/scat/da4df54c389ee3f7 Shares soared nearly 20% after hours following a New York Post report that the retailer has hired Goldman Sachs to explore a possible sale of the company. Citing a source who was briefed on the situation, ... http://www.philippinetimes.com/index.php/sid/214675027/scat/da4df54c389ee3f7 Tue, 21 May 2013 18:04:25 -0400 http://www.philippinetimes.com/index.php/sid/214675027/scat/da4df54c389ee3f7 NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is at least 60-minutes delayed. All quotes are in local exchange ... http://www.philippinetimes.com/index.php/sid/214675026/scat/da4df54c389ee3f7 Tue, 21 May 2013 17:55:26 -0400 http://www.philippinetimes.com/index.php/sid/214675026/scat/da4df54c389ee3f7 +11.32% shares surged 18% in after hours trading on Tuesday after the New York Post reported the luxury retailer has hired Goldman Sachs to explore strategic alternatives, including a possible sale of the company. The Post said the retailer hired Goldman in recent weeks and said that the company's flagship in Manhattan alone could be worth more than $1 billion. Saks shares had already jumped ... http://www.philippinetimes.com/index.php/sid/214675028/scat/da4df54c389ee3f7 Tue, 21 May 2013 17:55:25 -0400 http://www.philippinetimes.com/index.php/sid/214675028/scat/da4df54c389ee3f7 SAN FRANCISCO (MarketWatch) -- Gasoline supplies unexpectedly climbed for the week ended May 17, according to data from the American Petroleum Institute issued late Tuesday. Gasoline supplies rose 3 million barrels, while a Platts survey of analysts showed a forecast for a 200,000-barrel decline. Crude inventories added 532,000 barrels, compared with expectations for a drawdown of 1.2 million ... http://www.philippinetimes.com/index.php/sid/214675029/scat/da4df54c389ee3f7 Tue, 21 May 2013 17:55:24 -0400 http://www.philippinetimes.com/index.php/sid/214675029/scat/da4df54c389ee3f7 U.S. Money Funds Return to Eurozone Banks U.S. prime money market funds (MMFs) increased their exposure to eurozone banks in April, although asset allocations to these institutions remain well below 2011 levels, according to Fitch Ratings. As of end-April 2013, MMF allocations to eurozone banks represented 15.1% of assets under management within Fitch Ratings'sample of the 10 largest U.S. ... http://www.philippinetimes.com/index.php/sid/214674696/scat/da4df54c389ee3f7 Tue, 21 May 2013 17:53:16 -0400 http://www.philippinetimes.com/index.php/sid/214674696/scat/da4df54c389ee3f7 U.S. Money Funds Return to Eurozone Banks U.S. prime money market funds (MMFs) increased their exposure to eurozone banks in April, although asset allocations to these institutions remain well below 2011 levels, according to Fitch Ratings. As of end-April 2013, MMF allocations to eurozone banks represented 15.1% of assets under management within Fitch Ratings'sample of the 10 largest U.S. ... http://www.philippinetimes.com/index.php/sid/214674652/scat/da4df54c389ee3f7 Tue, 21 May 2013 17:53:15 -0400 http://www.philippinetimes.com/index.php/sid/214674652/scat/da4df54c389ee3f7 A Tunisian man died after a pilgrimage to Mecca, Saudi Arabia, and two adults children tested positive for SARS-like virus, health officials say. World Health Organization officials said Tuesday the 66-year-old Tunisian man was the second pilgrim to the Muslim holy city to be sickened with the SARS-like virus novel coronavirus, The Wall Street Journal reported. The Tunisian man returned from a ... http://www.philippinetimes.com/index.php/sid/214674253/scat/da4df54c389ee3f7 Tue, 21 May 2013 17:43:29 -0400 http://www.philippinetimes.com/index.php/sid/214674253/scat/da4df54c389ee3f7 WASHINGTON (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on ... http://www.philippinetimes.com/index.php/sid/214671025/scat/da4df54c389ee3f7 Tue, 21 May 2013 16:45:11 -0400 http://www.philippinetimes.com/index.php/sid/214671025/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- Internal Revenue Service official Lois Lerner will plead the Fifth Amendment at a House Oversight Committee hearing Wednesday about the IRS's targeting of conservative political groups, reports said Tuesday. Lerner's lawyer notified Committee Chairman Darrell Issa about her decision not to answer questions in a letter on Tuesday. The hearing is the third into ... http://www.philippinetimes.com/index.php/sid/214672210/scat/da4df54c389ee3f7 Tue, 21 May 2013 16:43:24 -0400 http://www.philippinetimes.com/index.php/sid/214672210/scat/da4df54c389ee3f7 -2.93% on Tuesday reported a fiscal third-profit of $822 million, or $2.71 a share, compared with a profit of $734 million, or $2.42 a share, for the year-earlier period. Revenue rose to $2.18 billion from $1.93 billion. Adjusted profit was $2.97 a share. Analysts polled by FactSet on average were expecting the company to post a profit of $2.93 a share, on revenue of $2.18 ... http://www.philippinetimes.com/index.php/sid/214672212/scat/da4df54c389ee3f7 Tue, 21 May 2013 16:43:23 -0400 http://www.philippinetimes.com/index.php/sid/214672212/scat/da4df54c389ee3f7 as part of the company's earnings report for the fourth fiscal quarter , which saw earnings slip on a slight increase in revenues. NetApp shares were up 2.1% in after-hours trades on Tuesday following the report. The company also projected a revenue range of $1.48 billion to $1.58 billion for the current quarter, slightly below Wall Street's consensus forecast of $1.6 billion for the ... http://www.philippinetimes.com/index.php/sid/214672211/scat/da4df54c389ee3f7 Tue, 21 May 2013 16:43:23 -0400 http://www.philippinetimes.com/index.php/sid/214672211/scat/da4df54c389ee3f7 SAN FRANCISCO (MarketWatch) -- NetApp Inc. reported a decline in net income for its fourth fiscal quarter on Tuesday afternoon, coming largely in line with Wall Street's expectations. For the period ended April 26, ... http://www.philippinetimes.com/index.php/sid/214671027/scat/da4df54c389ee3f7 Tue, 21 May 2013 16:43:22 -0400 http://www.philippinetimes.com/index.php/sid/214671027/scat/da4df54c389ee3f7 +0.17% hitting record highs, after comments from two Federal Reserve officials suggested that the central bank is not close to tapering its bond-buying program. The Dow gained 52.30 points, or 0.3%, to end at 15,387.58 and the S&P 500 gained 2.87 points, or 0.2%, to 1,669.16. The Nasdaq ... http://www.philippinetimes.com/index.php/sid/214672213/scat/da4df54c389ee3f7 Tue, 21 May 2013 16:43:21 -0400 http://www.philippinetimes.com/index.php/sid/214672213/scat/da4df54c389ee3f7 * Investors looking for clarity on Fed stimulus program * Dollar index firmer but down from near three-year high * Yen dips after Japanese minister says seeks 'balance' for currency * Commodities fall, gold and oil weaker on the day ... http://www.philippinetimes.com/index.php/sid/214672216/scat/da4df54c389ee3f7 Tue, 21 May 2013 16:27:34 -0400 http://www.philippinetimes.com/index.php/sid/214672216/scat/da4df54c389ee3f7 * Investors looking for clarity on Fed stimulus program * Dollar index firmer but down from near three-year high * Yen dips after Japan minister says seeks 'balance' for currency * Commodities fall, gold and oil weaker on the day ... http://www.philippinetimes.com/index.php/sid/214672217/scat/da4df54c389ee3f7 Tue, 21 May 2013 16:27:33 -0400 http://www.philippinetimes.com/index.php/sid/214672217/scat/da4df54c389ee3f7 YahooFinance ) In February, China held $1.251 trillion in U.S. Treasuries. In March, the figure dipped to $1.250 trillion. That's a billion dollar change in a month. Is that a big deal? On the surface, it may not seem like it. But if China begins to unwind from U.S. debt at the same time the Federal Reserve scales back its quantitative easing, that combination could pose trouble for ... http://www.philippinetimes.com/index.php/sid/214669420/scat/da4df54c389ee3f7 Tue, 21 May 2013 15:49:51 -0400 http://www.philippinetimes.com/index.php/sid/214669420/scat/da4df54c389ee3f7 Wall Street gained, touching records, after Federal Reserve Bank of St. Louis President James Bullard said the central bank should maintain its current bond-buying program to help bolster growth. In a speech in Frankfurt, Germany, Bullard recommended the Fed "continue with the present quantitative easing program, adjusting the rate of purchases appropriately in view of incoming ... http://www.philippinetimes.com/index.php/sid/214671017/scat/da4df54c389ee3f7 Tue, 21 May 2013 15:49:33 -0400 http://www.philippinetimes.com/index.php/sid/214671017/scat/da4df54c389ee3f7 Source: Reuters US stocks have gained today, after Home Depot raised its profit outlook and JPMorgan's chief executive won a vote of confidence from shareholders. Shares of the two companies helped lift the blue-chip Dow as the broader market picked up steam in the early afternoon, sending indexes to fresh intraday records. Comments from a top Federal Reserve official also boosted the ... http://www.philippinetimes.com/index.php/sid/214669257/scat/da4df54c389ee3f7 Tue, 21 May 2013 15:42:03 -0400 http://www.philippinetimes.com/index.php/sid/214669257/scat/da4df54c389ee3f7 AAPL ) for its creative tax policies, investors were cheering on CEO Tim Cook as he defended the company and pushed Congress to overhaul the tax code. The general consensus among traders on StockTwits was that Cook looked like a capable leader compared with the elected officials doing the ... http://www.philippinetimes.com/index.php/sid/214669259/scat/da4df54c389ee3f7 Tue, 21 May 2013 15:38:50 -0400 http://www.philippinetimes.com/index.php/sid/214669259/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- President Barack Obama announced his intent to appoint 10 people to the Presidential Commission on Election Administration, which is tasked with finding ways to shorten lines at polling places, promote the efficient conduct of elections, and provide better access to the polls for all voters. Obama intends to nominate Robert Bauer, a partner at Perkins Coie and ... http://www.philippinetimes.com/index.php/sid/214669741/scat/da4df54c389ee3f7 Tue, 21 May 2013 15:30:06 -0400 http://www.philippinetimes.com/index.php/sid/214669741/scat/da4df54c389ee3f7 SAN FRANCISCO (MarketWatch) -- Oil futures to log their first decline in five sessions. Traders awaited this week's updates on U.S. petroleum supplies and the June crude futures contract expired at the session's close. June ... http://www.philippinetimes.com/index.php/sid/214670441/scat/da4df54c389ee3f7 Tue, 21 May 2013 15:30:06 -0400 http://www.philippinetimes.com/index.php/sid/214670441/scat/da4df54c389ee3f7 found that Chairman Gary Gensler acted against the advice of the CFTC's general counsel and ethics official when he decided to recuse himself from the MF Global investigation because of his relationship with Jon Corzine when the pair both were at Goldman Sachs. The report, released by Sen. Richard Shelby of Alabama, also raised concerns that the CFTC staff and management didn't learn MF ... http://www.philippinetimes.com/index.php/sid/214669299/scat/da4df54c389ee3f7 Tue, 21 May 2013 15:30:05 -0400 http://www.philippinetimes.com/index.php/sid/214669299/scat/da4df54c389ee3f7 Microsoft Corp has given a first look at its new game console, hoping the newly named Xbox One will build on a solid core of gamer fans and become a hub for living room entertainment. The third-generation console, coming eight years after the Xbox 360, was unveiled by games unit chief Don Mattrick at an event at the software company's campus near ... http://www.philippinetimes.com/index.php/sid/214667574/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:43:12 -0400 http://www.philippinetimes.com/index.php/sid/214667574/scat/da4df54c389ee3f7 Comex gold futures prices ended the U.S. day session moderately lower Tuesday. The market saw a downside technical correction and some chart consolidation following a surge higher in late trading Monday. Comex June gold last traded down $9.30 at $1,374.80 an ounce. Spot gold was last quoted down $17.00 at $1,377.50. July Comex silver last traded down $0.147 at $22.44 an ounce. The gold market ... http://www.philippinetimes.com/index.php/sid/214667665/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:33:36 -0400 http://www.philippinetimes.com/index.php/sid/214667665/scat/da4df54c389ee3f7 Investors seemed pleased with the progress, sending shares of Herbalife up sharply in afternoon trading. Herbalife has been in the spotlight for several months, after hedge fun ... http://www.philippinetimes.com/index.php/sid/214668905/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:24:29 -0400 http://www.philippinetimes.com/index.php/sid/214668905/scat/da4df54c389ee3f7 Investors are eager to hear what he has to say about the central bank's stimulus policies, which have been a big driver of the stock rally. A number of Fed officials ... http://www.philippinetimes.com/index.php/sid/214667751/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:24:28 -0400 http://www.philippinetimes.com/index.php/sid/214667751/scat/da4df54c389ee3f7 $17 billion bond, it eschewed Wall Street's traditional tactics. Instead of flying well-groomed bankers to Cupertino, Calif., to charm Apple's top executives with PowerPoint presentations, Deutsche relied on iTunes. The German bank has handled the back-office work for Apple's online store in recent years, according to people familiar with the ... http://www.philippinetimes.com/index.php/sid/214667594/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:17:07 -0400 http://www.philippinetimes.com/index.php/sid/214667594/scat/da4df54c389ee3f7 fell on Tuesday , giving back a portion of the previous session's gain as the market awaited further hints from the Federal Reserve on when the central bank might start easing back on its stimulus plan. On Wednesday, Fed Chairman Ben Bernanke will testify before Congress and the FOMC will release minutes from its latest policy meeting. June ... http://www.philippinetimes.com/index.php/sid/214668907/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:15:31 -0400 http://www.philippinetimes.com/index.php/sid/214668907/scat/da4df54c389ee3f7 -0.16% announced its new videogame console called the Xbox One on Tuesday. At an event at its Redmond, Wash., headquarters, the company introduced the new console, which it dubbed as the "ultimate all-in-one home entertainment system." The system will come with a new generation of the Kinect sensor. No launch date or price has yet been given at the ... http://www.philippinetimes.com/index.php/sid/214667595/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:15:30 -0400 http://www.philippinetimes.com/index.php/sid/214667595/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - There is no case for slowing down the pace of the Federal Reserve's bond-buying program given the low level of inflation, said St. Louis Fed President James Bullard, on Tuesday. "Inflation is pretty low in the U.S. I can't envision a good case to be made for tapering unless the inflation situation turns around and we are more confident than we are today ... http://www.philippinetimes.com/index.php/sid/214667776/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:15:30 -0400 http://www.philippinetimes.com/index.php/sid/214667776/scat/da4df54c389ee3f7 +1.85% announced a quarterly dividend on Tuesday of 38 cents a share on outstanding common shares. The dividend will be paid on July 30, 2013. This is an increase from 30 cents a share from the previous quarter. Five management proposals were approved, including the election of the directors and the four shareholder proposals were rejected, including splitting the chairman and CEO role, at the ... http://www.philippinetimes.com/index.php/sid/214668908/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:15:29 -0400 http://www.philippinetimes.com/index.php/sid/214668908/scat/da4df54c389ee3f7 -1.12% president David Marcus said Tuesday that the provider of online payment processor would have 2 million locations using its services in retail outlets by the end of the year. Speaking at a company event at PayPal's San Jose, Calif. headquarters, Marcus also said Radio ... http://www.philippinetimes.com/index.php/sid/214668906/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:15:29 -0400 http://www.philippinetimes.com/index.php/sid/214668906/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - New York Fed President William Dudley said Tuesday that he is not sure which way the central bank will adjust the size of its bond purchase program given the uncertain economic outlook. In a speech to the Japan Society, Dudley said he expects to see, at some point, enough evidence of a substantial improvement in the labor market to reduce the pace of asset purchases. ... http://www.philippinetimes.com/index.php/sid/214668909/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:15:28 -0400 http://www.philippinetimes.com/index.php/sid/214668909/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - St. Louis Fed President James Bullard will discuss monetary policy in a low-rate environment at a conference in Frankfurt at 11:30 a.m. Eastern. Bullard, a voting member of the Fed's interest-rate committee this year, has been an independent voice at the central bank. Prior to the last Fed meeting, he was one of a handful of Fed officials to express concern about ... http://www.philippinetimes.com/index.php/sid/214668701/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:15:27 -0400 http://www.philippinetimes.com/index.php/sid/214668701/scat/da4df54c389ee3f7 Accounting Rules May Encourage Short-Term Leases The latest lease-accounting proposals from international and U.S. standard-setters, designed to aid transparency and consistency, may encourage companies to shift to short-term leases or structure agreements as service contracts, Fitch Ratings says. This could mean that fewer leases than originally anticipated will be brought onto the balance ... http://www.philippinetimes.com/index.php/sid/214668910/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:13:06 -0400 http://www.philippinetimes.com/index.php/sid/214668910/scat/da4df54c389ee3f7 Tue May 21, 2013 2:07pm EDT * Home Depot raises outlook, shares hit record intraday high * Goldman Sachs sees S&P 500 at 1,750 by year-end * JPMorgan shares hit highest since February 2001 * Dow up 0.4 pct, S&P 500 up 0.3 pct, Nasdaq up 0.3 pct By Leah Schnurr NEW YORK, May 21 (Reuters) - U.S. stocks gained on Tuesday after Home Depot raised its profit outlook, while JPMorgan rose after its chief ... http://www.philippinetimes.com/index.php/sid/214669262/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:07:18 -0400 http://www.philippinetimes.com/index.php/sid/214669262/scat/da4df54c389ee3f7 Juan del Busto, Ocean Bank board member. Ocean Bank added Juan del Busto, the former head of the Federal Reserve Bank of Atlantas Miami branch, to its board of directors. The move should give the Miami-based bank a boost in its dealings with regulators. The bank has been under enforcement orders from the Federal Deposit Insurance Corp. and the Florida Office of Financial Regulation since 2007, ... http://www.philippinetimes.com/index.php/sid/214667676/scat/da4df54c389ee3f7 Tue, 21 May 2013 14:05:02 -0400 http://www.philippinetimes.com/index.php/sid/214667676/scat/da4df54c389ee3f7 New York - US stocks were little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on ... http://www.philippinetimes.com/index.php/sid/214665017/scat/da4df54c389ee3f7 Tue, 21 May 2013 13:18:25 -0400 http://www.philippinetimes.com/index.php/sid/214665017/scat/da4df54c389ee3f7 ridiculous idea of reducing the number of judges in the D.C. Circuit. Sen. Grassley is the ranking Republican on the Senate Judiciary Committee and introduced legislation proposing this move. While it would add one seat each to the ... http://www.philippinetimes.com/index.php/sid/214665037/scat/da4df54c389ee3f7 Tue, 21 May 2013 13:10:19 -0400 http://www.philippinetimes.com/index.php/sid/214665037/scat/da4df54c389ee3f7 Three directors who sit on JPMorgan's risk committee also won reelection, but by much narrower margins between 51% to 59%. Dimon has been in the spotlight for weeks as calls to split the CEO and chairman roles he holds have grown louder. Several hundred shareholders attended the Florida meeting and repeatedly questioned whether JPMorgan's board is independent enough and whether its risk ... http://www.philippinetimes.com/index.php/sid/214667107/scat/da4df54c389ee3f7 Tue, 21 May 2013 13:05:43 -0400 http://www.philippinetimes.com/index.php/sid/214667107/scat/da4df54c389ee3f7 Bad news for Manhattanites who use Airbnb to rent out their apartments temporarily: New York City officials have ruled that the service violates an "illegal hotel" ... http://www.philippinetimes.com/index.php/sid/214665155/scat/da4df54c389ee3f7 Tue, 21 May 2013 13:05:34 -0400 http://www.philippinetimes.com/index.php/sid/214665155/scat/da4df54c389ee3f7 Europe misses out on one trillion euros in taxes each year. Little wonder its leaders are stepping up efforts to tackle fraud and aggressive tax ... http://www.philippinetimes.com/index.php/sid/214665152/scat/da4df54c389ee3f7 Tue, 21 May 2013 13:05:33 -0400 http://www.philippinetimes.com/index.php/sid/214665152/scat/da4df54c389ee3f7 +3.07% said Tuesday it has hired PricewaterhouseCoopers LLC as independent auditors. The move comes after Herbalife's previous auditor KPMG LLP resigned due to unlawful activities by a then-partner at the firm. Shares of Herbalife resumed trading after being halted briefly and are up almost ... http://www.philippinetimes.com/index.php/sid/214665193/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:42 -0400 http://www.philippinetimes.com/index.php/sid/214665193/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - Treasury Secretary Jacob Lew urged senators to delay bringing forward a measure to limit too-big-to-fail banks until after the Dodd-Frank legislation has been fully implemented. "I think this is not the time to be enacting big changes to Dodd-Frank or to the regulatory system," Lew said at a Senate Banking Committee hearing. After the law is implemented, ... http://www.philippinetimes.com/index.php/sid/214665303/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:42 -0400 http://www.philippinetimes.com/index.php/sid/214665303/scat/da4df54c389ee3f7 -0.69% widened its lead in U.S. online display ads, capturing 24.1% of the market's $3 billion revenue in the first quarter, IDC reported Tuesday. That's a gain of 3 percentage points from the year-earlier period. Yahoo ... http://www.philippinetimes.com/index.php/sid/214667081/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:41 -0400 http://www.philippinetimes.com/index.php/sid/214667081/scat/da4df54c389ee3f7 +1.95% said on Tuesday that shareholders defeated a proposal to split the roles of chairman and chief executive and make the chairman of the board an independent director. The proposal received 32.2% of the vote. A similar proposal at last year's shareholder meeting received 40% of the ... http://www.philippinetimes.com/index.php/sid/214667108/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:41 -0400 http://www.philippinetimes.com/index.php/sid/214667108/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - The Federal Reserve should continue with its present bond-buying program and adjust the rate of purchases in view of incoming data on growth and inflation, said St. Louis Fed President James Bullard on Tuesday. In a speech to an economic conference in Frankfurt, Bullard said the Fed's bond buying, commonly known as quantitative easing, is the best policy option at ... http://www.philippinetimes.com/index.php/sid/214667109/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:40 -0400 http://www.philippinetimes.com/index.php/sid/214667109/scat/da4df54c389ee3f7 +1.62% Chief Executive Marissa Mayer on Tuesday touted the potential of the Web portal's $1.1 billion acquisition of Tumblr telling CNBC, "We bought a growth opportunity." Mayer also reaffirmed Yahoo's intention to let Tumblr remain an independent entity, calling the blogging site "a passionate community." "We don't want to mess that up." Tumblr CEO ... http://www.philippinetimes.com/index.php/sid/214667090/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:39 -0400 http://www.philippinetimes.com/index.php/sid/214667090/scat/da4df54c389ee3f7 +1.95% , suggested on Tuesday that the composition of the board's risk committee might change in the future. "On the composition of the risk committee, you should stay tuned," Raymond, the former chief executive of Exxon Mobil, said at the bank's annual shareholder meeting. The risk committee has been criticized for lack of oversight in the massive losses that stemmed from a ... http://www.philippinetimes.com/index.php/sid/214667110/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:39 -0400 http://www.philippinetimes.com/index.php/sid/214667110/scat/da4df54c389ee3f7 +1.95% said on Tuesday that the bank has consistently earned a fair profit for its shareholders and that all its businesses are currently profitable. Speaking at the company's annual shareholder meeting, Dimon said the bank had successfully navigated the recent serious financial crisis and that it would serve as a "port of safety" in the next financial storm. Dimon spoke before the ... http://www.philippinetimes.com/index.php/sid/214667111/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:38 -0400 http://www.philippinetimes.com/index.php/sid/214667111/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- Public education per student dropped in 2011 for the first time in nearly four decades, the Census Bureau said Tuesday. The 50 states and the District of Columbia spent $10,560 per student, a drop of 0.4%. That's the first drop since the agency began collecting data on annual basis in 1977. Property taxes accounted for 65.6% of revenue from local sources for ... http://www.philippinetimes.com/index.php/sid/214667112/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:37 -0400 http://www.philippinetimes.com/index.php/sid/214667112/scat/da4df54c389ee3f7 While fears remain that the count could again rise -- the medical examiner's language retains the qualifier "at least" -- the updated figure cuts the one that had stood overnight, 51 dead, more than in ... http://www.philippinetimes.com/index.php/sid/214665591/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:37 -0400 http://www.philippinetimes.com/index.php/sid/214665591/scat/da4df54c389ee3f7 +0.25% fell Tuesday as Chief Executive Tim Cook prepared to testify before the U.S. Senate on corporate taxes. Apple was down 1.7 % at $436. But technology stocks were mostly higher, as shares of Advanced Micro ... http://www.philippinetimes.com/index.php/sid/214667113/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:36 -0400 http://www.philippinetimes.com/index.php/sid/214667113/scat/da4df54c389ee3f7 SAN FRANCISCO (MarketWatch) -- Apple Inc. saw its shares slip more than 1.5% to $436.14 on Tuesday morning. In a note to clients, Jefferies & Co. analyst Peter Misek said he sees ... http://www.philippinetimes.com/index.php/sid/214667114/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:35 -0400 http://www.philippinetimes.com/index.php/sid/214667114/scat/da4df54c389ee3f7 +2.92% shares rose 3.1% to $79.12 on Tuesday to be the biggest Dow gainer after the Atlanta-based retailer reported a better-than-expected first-quarter profit and raised its outlook for the year. The company cited strength in the housing market that boosted demand for kitchen cabinets, tools and other home-improvement ... http://www.philippinetimes.com/index.php/sid/214667116/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:33 -0400 http://www.philippinetimes.com/index.php/sid/214667116/scat/da4df54c389ee3f7 terms of use . Historical and current end-of-day data provided by SIX Financial Information. Intraday data delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc. All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More information ... http://www.philippinetimes.com/index.php/sid/214667115/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:33 -0400 http://www.philippinetimes.com/index.php/sid/214667115/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) -- Regulators have noticed a loosening of underwriting standards in some markets, in particular in certain real-estate investment trusts, Treasury Secretary Jacob Lew said on ... http://www.philippinetimes.com/index.php/sid/214665304/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:56:29 -0400 http://www.philippinetimes.com/index.php/sid/214665304/scat/da4df54c389ee3f7 Canada's banking watchdog says the transition to higher interest rates - when it comes - could be "very painful."Like those in most developed countries, interest rates have been at emergency lows for years. And the Bank of Canada is not expected to raise its benchmark rate from its current level of 1 per cent until late next year or early ... http://www.philippinetimes.com/index.php/sid/214663545/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:15:36 -0400 http://www.philippinetimes.com/index.php/sid/214663545/scat/da4df54c389ee3f7 Mizzou basketball coach Frank Haith had high hopes for versatile recruit Negus Webster-Chan. He played him extensively early on, before ... http://www.philippinetimes.com/index.php/sid/214664465/scat/da4df54c389ee3f7 Tue, 21 May 2013 12:14:51 -0400 http://www.philippinetimes.com/index.php/sid/214664465/scat/da4df54c389ee3f7 Sources inform ''Globes'' that Alcobra Pharmaceuticals Inc., which is developing a treatment for attention deficit hyperactivity disorder (ADHD) will hold its Nasdaq IPO tonight (Israel time) and announce the results tomorrow. Sources said that the company obtained positive feedback during its road show. Just before the road show, the company expanded its prospectus from ... http://www.philippinetimes.com/index.php/sid/214664102/scat/da4df54c389ee3f7 Tue, 21 May 2013 11:55:49 -0400 http://www.philippinetimes.com/index.php/sid/214664102/scat/da4df54c389ee3f7 Wall Street 's predictions. So good were the figures that Home Depot raised its forecast for the year. Looking ahead, Home Depot expects to make $3.52 a share in 2013, up from an earlier forecast of $3.37 a share. Sales should increase by 2.8%, the company says, again more than the previous forecast of 2%. Given that Home Depot favors conservative guidance, those numbers could easily be ... http://www.philippinetimes.com/index.php/sid/214663387/scat/da4df54c389ee3f7 Tue, 21 May 2013 11:54:08 -0400 http://www.philippinetimes.com/index.php/sid/214663387/scat/da4df54c389ee3f7 * Shares flat ahead of Bernanke testimony on Wednesday, Home Depot rallies * Dollar index firmer, but down from near 3-year high * Yen dips after Japanese minister says seeks 'balance' for currency * Commodities fall, gold and oil weaker on the day By Ryan Vlastelica NEW YORK, May 21 (Reuters) - Stock markets around the world were little changed on Tuesday as investors awaited an update ... http://www.philippinetimes.com/index.php/sid/214665108/scat/da4df54c389ee3f7 Tue, 21 May 2013 11:50:07 -0400 http://www.philippinetimes.com/index.php/sid/214665108/scat/da4df54c389ee3f7 US stocks opened slightly stronger on Tuesday after the S&P 500 hit yet another intraday record in the previous session, with markets expected to drift sideways ahead of Congressional testimony ... http://www.philippinetimes.com/index.php/sid/214663412/scat/da4df54c389ee3f7 Tue, 21 May 2013 10:40:00 -0400 http://www.philippinetimes.com/index.php/sid/214663412/scat/da4df54c389ee3f7 AfDB's annual meetings in Morocco on May 29, 2013. One of the main objectives of the seminar to be at held at the Palmeraie Golf Palace in Marrakech, themed "Financing African Structural Change - Infrastructure and Diaspora Bonds" is to raise awareness of all stakeholders in the role that infrastructure and diaspora bonds can play in catalyzing financing to address the existing ... http://www.philippinetimes.com/index.php/sid/214662346/scat/da4df54c389ee3f7 Tue, 21 May 2013 09:45:46 -0400 http://www.philippinetimes.com/index.php/sid/214662346/scat/da4df54c389ee3f7 Tue May 21, 2013 9:45am EDT * Fresh conflict in Syria supports prices * Weak demand outlook, well supplied market weigh * Brent-WTI spread heading for lowest close in over two years * Coming Up: API weekly crude stock report at 2030 GMT (Updates prices, adds Syria-Israel clash in paragraph 10) By Simon Falush LONDON, May 21 (Reuters) - Brent oil futures fell towards $104 per barrel on Tuesday ... http://www.philippinetimes.com/index.php/sid/214663473/scat/da4df54c389ee3f7 Tue, 21 May 2013 09:45:14 -0400 http://www.philippinetimes.com/index.php/sid/214663473/scat/da4df54c389ee3f7 +0.57% Chairman and Chief Executive Jamie Dimon will hold on to his dual titles at the bank and defeat a proposal by several activist shareholders to split those roles, the New York Times reported Tuesday, citing unnamed people whom the paper described as having seen preliminary tallies of the vote. The bank is still receiving votes as the firm gets ready for the annual shareholder meeting in ... http://www.philippinetimes.com/index.php/sid/214663064/scat/da4df54c389ee3f7 Tue, 21 May 2013 09:31:22 -0400 http://www.philippinetimes.com/index.php/sid/214663064/scat/da4df54c389ee3f7 0.00% that it does not already own. Sprint offered to buy the remaining 50% stake in the company for $3.40 per share, which Clearwire's board of directors will discuss at a special stockholders meeting this week, Clearwire said. An earlier offer from Sprint proposed a buyout at $2.97 per share, according to The Wall Street ... http://www.philippinetimes.com/index.php/sid/214663065/scat/da4df54c389ee3f7 Tue, 21 May 2013 09:31:22 -0400 http://www.philippinetimes.com/index.php/sid/214663065/scat/da4df54c389ee3f7 +0.60% yield was down slightly at 0.839%. St. Louis Fed President James Bullard speaks at 11 a.m. and New York Fed President William Dudley speaks at 1 p.m. However, the most anticipated appearance will be Fed Chairman Ben Bernanke's testimony before the Congressional Joint Economic Committee on Wednesday ... http://www.philippinetimes.com/index.php/sid/214663063/scat/da4df54c389ee3f7 Tue, 21 May 2013 09:31:21 -0400 http://www.philippinetimes.com/index.php/sid/214663063/scat/da4df54c389ee3f7 WASHINGTON (MarketWatch) - New York Fed President William Dudley will discuss monetary policy at the zero lower bound in Japan and the U.S. in a speech to the Japan Society in New York at 1 p.m. Eastern. Dudley's views are closely watched as he is seen as a member of Fed Chairman Ben Bernanke's inner-circle at the central bank. Dudley has been a strong supporter of the Fed's ... http://www.philippinetimes.com/index.php/sid/214662470/scat/da4df54c389ee3f7 Tue, 21 May 2013 09:31:19 -0400 http://www.philippinetimes.com/index.php/sid/214662470/scat/da4df54c389ee3f7 Tue May 21, 2013 9:16am EDT Cinemark USA, Inc. ... http://www.philippinetimes.com/index.php/sid/214664693/scat/da4df54c389ee3f7 Tue, 21 May 2013 09:16:53 -0400 http://www.philippinetimes.com/index.php/sid/214664693/scat/da4df54c389ee3f7 Tue May 21, 2013 9:12am EDT * Home Depot raises outlook, shares jump * Goldman Sachs sees S&P 500 at 1,750 by year-end * JPMorgan shareholders to decide on Dimon's chairmanship * Futures up: Dow 21 pts, S&P 1.7 pts, Nasdaq 0.75 pt By Rodrigo Campos NEW YORK, May 21 (Reuters) - U.S. stocks were set to open little changed on Tuesday after the S&P 500 hit yet another intraday record in the ... http://www.philippinetimes.com/index.php/sid/214663391/scat/da4df54c389ee3f7 Tue, 21 May 2013 09:12:59 -0400 http://www.philippinetimes.com/index.php/sid/214663391/scat/da4df54c389ee3f7 Houston Mayor Annise Parker recently got the chance to show The Wall Street Journal why the Petro Metro has been named the coolest place to live in the U.S. and a boomtown. Houston Mayor Annise Parker recently got the chance to show The Wall Street Journal why the Petro Metro has been named the coolest place to live in the U.S. and a boomtown. As part of The Weekend Interview piece, Parker took ... http://www.philippinetimes.com/index.php/sid/214661971/scat/da4df54c389ee3f7 Tue, 21 May 2013 09:10:14 -0400 http://www.philippinetimes.com/index.php/sid/214661971/scat/da4df54c389ee3f7 A report released Monday by Senators John McCain and Carl Levin criticized Apple for its use of obscure subsidiaries and accounting tactics to reduce its tax ... http://www.philippinetimes.com/index.php/sid/214661673/scat/da4df54c389ee3f7 Tue, 21 May 2013 08:29:59 -0400 http://www.philippinetimes.com/index.php/sid/214661673/scat/da4df54c389ee3f7 Carnival said late Monday it now expects full-year revenue to be as much as 3% lower compared to the previous year. On top of that, trip cancellations and administrative costs are hitting the company's bottom line. Full-year earnings per share are expected to be as much as 30% below previous estimates, it said. Carnival has been cutting its cruise ticket prices in an effort to drum up sales. ... http://www.philippinetimes.com/index.php/sid/214660694/scat/da4df54c389ee3f7 Tue, 21 May 2013 08:29:50 -0400 http://www.philippinetimes.com/index.php/sid/214660694/scat/da4df54c389ee3f7 -0.33% said it swung to a loss of $81 million, or 24 cents a share, in its fiscal 2014 first quarter from a year-ago profit of $158 million, or 46 cents a share. Per-share earnings from continuing operations fell to 29 cents a share from 49 cents a share. Those earnings excluded European operations as Best Buy agreed to sell its 50% stake in Best Buy Europe on April 30. Revenue fell to $9.38 ... http://www.philippinetimes.com/index.php/sid/214661679/scat/da4df54c389ee3f7 Tue, 21 May 2013 08:21:17 -0400 http://www.philippinetimes.com/index.php/sid/214661679/scat/da4df54c389ee3f7 +3.63% said Tuesday that its fiscal first-quarter profit fell to $20 million, or 13 cents a share, from $32.1 million, or 18 cents, a year earlier. Sales rose to $793.2 million from $753.6 million. Comparable sales rose 5.9%, beating the 2.2% average estimate of analysts surveyed by Retail Metrics. Excluding one-time items, Saks said it would have earned 19 cents a share. Analysts, on average, ... http://www.philippinetimes.com/index.php/sid/214661678/scat/da4df54c389ee3f7 Tue, 21 May 2013 08:21:17 -0400 http://www.philippinetimes.com/index.php/sid/214661678/scat/da4df54c389ee3f7 TOKYO (AFP) - Japanese mobile operator Softbank said Tuesday it planned to raise $3.9 billion through a record bond issuance in June to finance its proposed takeover of US firm Sprint Nextel.Softbank, which is under pressure from Sprint shareholders to raise its bid, will sell five-year debt to Japanese investors after a similar issuance worth 300 billion yen in March, a company spokeswoman ... http://www.philippinetimes.com/index.php/sid/214660320/scat/da4df54c389ee3f7 Tue, 21 May 2013 07:41:26 -0400 http://www.philippinetimes.com/index.php/sid/214660320/scat/da4df54c389ee3f7 Assault on Wall Street glorifies the revenge killing of Wall Street big wigs by a seemingly decent man who lost everything, including his wife, due to the manipulation and fraud of those he gunned down. Combat veteran and armored car driver, Jim Baxford reaches a hefty body for this sort of thing. He's got nothing on the last three presidents of the United States who bear ... http://www.philippinetimes.com/index.php/sid/214659448/scat/da4df54c389ee3f7 Tue, 21 May 2013 07:37:04 -0400 http://www.philippinetimes.com/index.php/sid/214659448/scat/da4df54c389ee3f7 MUMBAI | Tue May 21, 2013 7:20am EDT MUMBAI May 21 (Reuters) - India's Rural Electrification Corp Ltd is planning to raise at least 5 billion rupees ($90.74 million) in 10-year unsecured subordinate debt, a termsheet seen by Reuters showed. The firm has sought bids from arrangers on Wednesday and has said the issue will tentatively open on Thursday and close on Friday, the document ... http://www.philippinetimes.com/index.php/sid/214661160/scat/da4df54c389ee3f7 Tue, 21 May 2013 07:20:15 -0400 http://www.philippinetimes.com/index.php/sid/214661160/scat/da4df54c389ee3f7 Hewlett-Packard CEO Meg Whitman faces a downbeat mood on Wall Street, but investors have still sent the tech giant's shares up more than 80% over the last six ... http://www.philippinetimes.com/index.php/sid/214659459/scat/da4df54c389ee3f7 Tue, 21 May 2013 07:12:48 -0400 http://www.philippinetimes.com/index.php/sid/214659459/scat/da4df54c389ee3f7 -0.13% on Tuesday reported an 18.5% rise in first-quarter earnings to $1.2 billion, or 83 cents a share, from $1 billion, or 68 cents a share, in the same quarter last year. Net sales rose 7.4% to $19.1 billion from $17.8 billion, with a seasonal timing change adding about $574 million to sales in this year's first quarter. Adjusted for the timing benefit, comparable-store sales gained 4.3%. ... http://www.philippinetimes.com/index.php/sid/214660324/scat/da4df54c389ee3f7 Tue, 21 May 2013 07:12:41 -0400 http://www.philippinetimes.com/index.php/sid/214660324/scat/da4df54c389ee3f7 LONDON (MarketWatch) -- European Union lawmakers on Monday voted in favor of a draft law that would protect small bank depositors from losses in further bank rescues, but could see customers with more than 100,000 euros in savings being hurt. The Parliament's economics committee voted for a "bail-in" scheme to be up and running by 2016, but that shareholders and bondholders should ... http://www.philippinetimes.com/index.php/sid/214660323/scat/da4df54c389ee3f7 Tue, 21 May 2013 07:12:40 -0400 http://www.philippinetimes.com/index.php/sid/214660323/scat/da4df54c389ee3f7 Chad Johnson was jailed briefly Monday after he was accused of violating his probation on a domestic violence charge. Johnson, 35, pleaded no contest last year to a battery charge after his wife, reality TV ... http://www.philippinetimes.com/index.php/sid/214659727/scat/da4df54c389ee3f7 Tue, 21 May 2013 07:11:16 -0400 http://www.philippinetimes.com/index.php/sid/214659727/scat/da4df54c389ee3f7 Tue May 21, 2013 7:06am EDT * CEO says has multiple options for capital raise * Bank focused on regional growth currently * Gulf banks have sold Tier 1 bonds in recent months By David French DUBAI, May 21 (Reuters) - Qatar's Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, its chief executive ... http://www.philippinetimes.com/index.php/sid/214661005/scat/da4df54c389ee3f7 Tue, 21 May 2013 07:06:28 -0400 http://www.philippinetimes.com/index.php/sid/214661005/scat/da4df54c389ee3f7 Gijima will not need to put African Legend Indigo into liquidation if it continues paying off its debt, says Gijima CFO Carlos Ferreira. African Legend Indigo came close to being placed under liquidation, after it failed to honour a two-year-old deal to pay over money to JSE-listed Gijima, but has since reached a settlement. AL Indigo sold the South African arm of BMC Business Service ... http://www.philippinetimes.com/index.php/sid/214659196/scat/da4df54c389ee3f7 Tue, 21 May 2013 06:24:48 -0400 http://www.philippinetimes.com/index.php/sid/214659196/scat/da4df54c389ee3f7 Apple executives are set to defend the company's tax practices and call for corporate tax reform on Capitol Hill Tuesday amid harsh criticism following a Senate ... http://www.philippinetimes.com/index.php/sid/214659197/scat/da4df54c389ee3f7 Tue, 21 May 2013 06:12:33 -0400 http://www.philippinetimes.com/index.php/sid/214659197/scat/da4df54c389ee3f7 You like me. You really, really like me. Why we're paying attention to the wrong deal. FORTUNE -- By now I'm sure you've heard about today's big merger news: Actavis ... http://www.philippinetimes.com/index.php/sid/214659198/scat/da4df54c389ee3f7 Tue, 21 May 2013 06:12:29 -0400 http://www.philippinetimes.com/index.php/sid/214659198/scat/da4df54c389ee3f7 A report released Monday by Senators John McCain and Carl Levin criticized Apple for its use of obscure subsidiaries and accounting tactics to reduce its tax burden. Retailers are also in the spotlight, with results due before the opening bell ... http://www.philippinetimes.com/index.php/sid/214658464/scat/da4df54c389ee3f7 Tue, 21 May 2013 06:12:23 -0400 http://www.philippinetimes.com/index.php/sid/214658464/scat/da4df54c389ee3f7 JAKARTA, May 21 (Reuters) - Indonesian government raised 9.35 trillion rupiah ($958.24 million) at an auction on Tuesday, above an initial target of 8 trillion rupiah with most yields rising from the previous auction, the finance ministry's debt office said. Yields of 1-year T-bill, 15-year bond and 20-year bond were higher than the May 6 auction. The highest bid-to-cover ratio was 1.67 for ... http://www.philippinetimes.com/index.php/sid/214658766/scat/da4df54c389ee3f7 Tue, 21 May 2013 05:19:28 -0400 http://www.philippinetimes.com/index.php/sid/214658766/scat/da4df54c389ee3f7 Buying Precision ICT should aid Pinnacle's growth imperatives, says CEO Arnold Fourie. JSE-listed Pinnacle Technology Holdings has bought Precision ICT and Modrac with effect from June, for an undisclosed amount, in a bid to bolster its presence in the racking space. Precision ICT is an engineering company focused on the design, manufacture and assembly of electronic enclosures and server ... http://www.philippinetimes.com/index.php/sid/214658161/scat/da4df54c389ee3f7 Tue, 21 May 2013 05:18:48 -0400 http://www.philippinetimes.com/index.php/sid/214658161/scat/da4df54c389ee3f7 LONDON (MarketWatch) -- European stock markets nudged lower in early trade on Tuesday, taking a breather after climbing to multiyear highs in the prior day's session. The Stoxx Europe 600 ... http://www.philippinetimes.com/index.php/sid/214656790/scat/da4df54c389ee3f7 Tue, 21 May 2013 03:57:26 -0400 http://www.philippinetimes.com/index.php/sid/214656790/scat/da4df54c389ee3f7 Australian bond futures prices are lower as traders wait for key events over the next fortnight. Nomura head of fixed income Jon Linton said it had been a quiet trading session, though futures prices weakened as the market prepared for an announcement regarding Australian government bonds. The Australian Office of Financial Management will announce the price of its new April 2025 bond on ... http://www.philippinetimes.com/index.php/sid/214656853/scat/da4df54c389ee3f7 Tue, 21 May 2013 03:54:27 -0400 http://www.philippinetimes.com/index.php/sid/214656853/scat/da4df54c389ee3f7 Tue May 21, 2013 3:38am EDT * Dollar index firmer, but down from near 3-year high * European shares open 0.3 percent lower after recent highs * Gold steadies By Marc Jones LONDON, May 21 (Reuters) - The dollar edged higher, gold steadied and European shares remained near five-year highs on Tuesday as investors wait to see if the U.S. Federal Reserve will give any signal on the future of its ... http://www.philippinetimes.com/index.php/sid/214656581/scat/da4df54c389ee3f7 Tue, 21 May 2013 03:38:48 -0400 http://www.philippinetimes.com/index.php/sid/214656581/scat/da4df54c389ee3f7 calm session overnight with comments from the Fed's Evans as the only market relevant news. Evans (voter, dove) said last night that "I'm optimistic that the labour market has been doing much, much better and that unemployment is going to continue to go down," and that "currently we have the appropriate monetary policy in place." He also said that "he has tried ... http://www.philippinetimes.com/index.php/sid/214656339/scat/da4df54c389ee3f7 Tue, 21 May 2013 02:46:55 -0400 http://www.philippinetimes.com/index.php/sid/214656339/scat/da4df54c389ee3f7 -0.07% databases accessed valuable information about U.S. knowledge of Chinese espionage activities, the Washington Post reported late Monday. The cyber-intrusions, which Google reported in 2010, included information on U.S. court orders to conduct surveillance of Gmail accounts, the report said. This, in turn, likely tipped off China as to which of its operatives had drawn the suspicion of U.S. ... http://www.philippinetimes.com/index.php/sid/214655005/scat/da4df54c389ee3f7 Tue, 21 May 2013 01:44:47 -0400 http://www.philippinetimes.com/index.php/sid/214655005/scat/da4df54c389ee3f7