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US jobless claims drop, point to stronger labor market
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, a sign the labor market may be tightening. Still, other data on Thursday showed weaker factory orders in August even after stripping ...
Jobless claims fall by 8000, hinting at job market strength (+video)Christian Science Monitor
Jobless claims unexpectedly decrease last weekChicago Tribune
U.S. layoffs tracking near the lowest level in yearsMarketWatch
WallStreet OTC -Voice of America -Investor's Business Daily
all 101 news articles »
09:58am Thu, October 02, 2014


Draghi's Lack of Stimulus Target Disappoints Investors
Mario Draghi disappointed investors seeking a firm target for how far he's willing to go to revive the euro-area's faltering economy. Fleshing out new plans to boost credit and stave off deflation, the European Central Bank president said officials will start ...
ECB Says Impact of Asset-Buying Plan Will Be 'Significant,' but Does Not Detail ...New York Times
Draghi Says ECB Not Guilty as Protesters Target AusterityBusinessweek
German Lawmakers Criticize ECB Bond-Buying ProgramWall Street Journal
MarketWatch -Forbes
all 579 news articles »
10:39am Thu, October 02, 2014


Warren Buffett Hijacks The Auto Business With Dealership Splash
The Oracle of Omaha only recently bought a new Cadillac — now he's in the business of selling them. Billionaire investor Warren Buffett announced that his Berkshire Hathaway Berkshire Hathaway has entered into agreement to purchase the Van Tuyl Group ...
Billionaire Buffett Says Tesco Investment Was 'A Huge Mistake'Bloomberg
Buffett's Berkshire Hathaway Buys Auto DealerABC News
Warren Buffett to buy Van Tuyl auto dealership groupLos Angeles Times
CNNMoney -BBC News
all 129 news articles »
10:54am Thu, October 02, 2014

Kansas City Star

US factory orders fall record 10.1 percent in August, as demand for aircraft plunges
Fox Business
WASHINGTON – Orders to U.S. factories fell in August by the largest amount on record, but the big drop was heavily influenced by a plunge in volatile aircraft orders. A key category that tracks business investment plans posted a small increase, which was ...
Cruel summer: Aug. factory orders dive by recordCNBC

all 53 news articles »
09:13am Thu, October 02, 2014

Fox Business

US average rate on 30-year home loan 4.19 percent
A key long-term U.S. mortgage rate dipped this week, the second drop after a large increase two weeks ago. Here's a look at rates for fixed and adjustable-rate mortgages this week and over the past year: Story: Retiring Boomers Still Have Mortgages to Pay ...
Average US 30-year mortgage rate at 4.19 percentMSN Money
Mortgage rates down for second straight weekWashington Business Journal
Freddie Mac Text: Mtg Survey: 30Y Fixed Avg 4.19% Oct. 2 WeekMNI News

all 17 news articles »
11:06am Thu, October 02, 2014


Fannie And Freddie Shares Tumble Again After Legal Ruling
Investors continued to flee Fannie Mae Fannie Mae and Freddie Mac Freddie Mac on the second trading day following a legal ruling that made it seem less likely that anyone but the federal government would ever get their hands on the mortgage giants' ...
Berkowitz's Fairholme Loses Annual Gain in Day on Fannie-FreddieBusinessweek
Forging a Path out of Conservatorship for Fannie Mae and Freddie MacValueWalk
The Mortgage Professor: Instead of scraping them, use Fannie and Freddie to ...The San Luis Obispo Tribune
Bidness ETC -FINalternatives -Reuters
all 176 news articles »
10:54am Thu, October 02, 2014

Locqus grabs $2M to help employees in the field skip the trip to the office
Ride-sharing services like Uber, Lyft, and SideCar might be really great for customers because they can track their driver on their smartphone, but that's also an upside for these companies as employers. They can see when and where employees are, when ...

and more »
11:01am Thu, October 02, 2014

Fox Business

Dow Says It Will Sell More Businesses
New York Times
The Dow Chemical Company said on Thursday that it would sell three businesses valued at a total of about $2 billion as part of its plan to divest nonessential assets. But it made no mention of revisiting the activist investor Daniel S. Loeb's call to pursue a ...
Dow Chemical Co expects to raise over $2 billon from sale of 3 unitsEconomic Times
Dow Chemical to Raise $2B from Sale of Three UnitsFox Business
Dow Provides Updates on Planned Divestments Progress and Outlines ...MarketWatch
Reuters Africa
all 31 news articles »
10:03am Thu, October 02, 2014

Wall Street Journal

Pensions Aren't Sacred, a Judge Tells Calpers
The nation's largest pension fund just got some bad news. Almost 70 percent of Calpers's 1.7 million members work for city and local school agencies in California, and a new ruling in U.S. bankruptcy court could put their pensions at risk. Calpers, a state ...
Ruling lets bankrupt Stockton cut pension benefitsLodi News-Sentinel
Stockton Bankruptcy Judge Opens Door to 60% Cut in Public PensionsAllGov
Bankruptcy Judge Rejects CaLPERs Seniority In Muni Bond BankruptciesValueWalk
Wall Street Journal (blog) -Governing
all 24 news articles »
11:14am Thu, October 02, 2014

New York Times

UPDATE 2-Allianz CEO Diekmann to step aside in May
... * Diekmann to step down next May. * Successor Baete to take helm until 2019. * Baete had been in charge of regional operations (Adds analyst comment, detail on board moves). By Jonathan Gould. FRANKFURT, Oct 2 (Reuters) - Allianz will replace its ...
Allianz Chief to Step Down in MayNew York Times
Allianz SE: Oliver Bäte to become new CEO after 2015 Annual General MeetingThe Wall Street Transcript
Allianz to replace CEO after Pimco turmoilFortune
Bloomberg -ABC News
all 52 news articles »
11:18am Thu, October 02, 2014