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Updated: 12 min ago

CalPERS Discloses Expenses and Investment Returns with Private Equity Firms

Wed, 11/25/2015 - 07:33


For many years, the state pension funds like CalPERS have invested money that has been earned by different government employees, teachers and firefighters with private equity firms. But till now people did not have a clear picture about the expenses they are incurring or how much were earning.

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In October Most States Experienced a Drop in Unemployment Rate with a Few Exceptions

Sun, 11/22/2015 - 06:31


In October, the unemployment rate in Mississippi dropped lower than six percent and that's the first time it has been so, since late 2007. More number of people was reported to find jobs bringing the jobless rate to 5.9 percent compared to September's 6.1 percent. In October 2014, the jobless rate was at 7.3 percent rate with this Octobers figures showing a greater optimistic outlook.

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San Francisco Fed President John Williams sees a “Strong Case” for an Interest Rate Hike in December

Sun, 11/22/2015 - 06:27


On Saturday, one of the top Federal Reserve official said that, raising of interest rate when the policy makers meet next month looks to be a "strong case". But that depends on the U.S. economic data and as long as it remains healthy the chances of a hike stay optimistic.

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Interest Rate Hike a Possibility or Not in December, is Still a matter of Question

Mon, 11/16/2015 - 07:47


This month, some U.S. Federal Reserve officials said the short term interest rate hike in nearly a decade could be a possibility in December. One of the key central bankers opined that the time is now right where the risk of waiting for a very long time was appropriately in balance with the risk of making the rates normal too soon, after it has been close to zero for seven years.

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Slow Growth in GDP Predicted in the Fourth Quarter; Retail Sales Climb 0.1Percent in October in the U.S

Mon, 11/16/2015 - 07:43


In the United States, compared to the expected numbers, the retail sales statistics grew at a sluggish pace in October. In the same month the automobile sales numbers made an unforeseen decline. The lukewarm retail scenario, slowed by less spending and warmer weather serves as the main factor which could bring down the economic growth results in fourth quarter of 2015.

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Japan’s Economy Contracts in the Third Quarter Pushing it into Recession

Mon, 11/16/2015 - 07:41


The economists' predictions turned out to be true for Japan as the country's economy fell into a recession. In the third quarter, the economy contracted with a drop in business investments. It's the second time the nation is facing a recession after Prime Minister Shinzo Abe joined office in 2012 end.

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The Chinese Yuan Might Join the IMF Currency Basket

Sat, 11/14/2015 - 08:17


On Friday, the Chinese Yuan took a step ahead to join some of the key global currencies in the IMF's (International Monetary Fund) basket of benchmark foreign exchange as Christine Lagarde, IMF's chief and the Fund Staff gave it a green signal.

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Expectations of December Interest Rate Hike Strengthened by Optimistic Economic Data

Sat, 11/14/2015 - 08:10


On Tuesday, the inflation numbers from the United States provided more optimism towards hopes that the Federal Reserve may raise the interest rates in the coming month.

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Fed Could Increase the Interest Rates in December as Worries of Strong Dollar Appears to Fade Away

Fri, 11/13/2015 - 08:20


The U.S inflation is curbed by a strong dollar which is also lowering exports causing a delay in the interest rate hike which now the Federal Reserve officials hint, might take place but the year end.

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Slump Continues in Chinese Domestic Market as well as Exports

Mon, 11/09/2015 - 08:39


The October trade figures of China disappointed the analyst as the margin between the expectations and reality was quite wide. The weak figures reinforce views that the second-largest economy in the world needs to do more in order to boost its domestic demand while there is a softness noted in the markets overseas.

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Berkshire Reported Third Quarter Record Profit Pushed by Gains from Kraft Heinz

Sat, 11/07/2015 - 08:47


Berkshire Hathaway Inc. reported quarterly profits that almost doubled to touch record high. This mirrors big gains on its stake that the company has in Kraft Heinz Co. Operating profits dropped due to feebler results from insurance underwriting.

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Facebook Shares Spike; Quarterly Revenue and Profit Surpass Forecasts

Thu, 11/05/2015 - 09:42


On Wednesday, Facebook Inc posted strong growth in revenue and profit for the quarter. The largest social network in the world is growing bigger with a larger user base as number of mobile users increase and advertising also lifted its stock to an all-time high.

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Kraft Heinz Closing its Plant in Lehigh Valley

Thu, 11/05/2015 - 09:39


The Lehigh Valley facility of Kraft has been for forty years making cheese slices, Grey Poupon mustard and for some years single-serve coffee pods. Its long history is coming to an end in the coming two years. The Upper Macungie Township will be left vacant and 415 employees will lose their jobs.

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Owner of Los Angeles Times Offer $3M Loan to Freedom Communications in Second Round of Bankruptcy

Thu, 11/05/2015 - 09:35


On Wednesday, the Los Angeles Times owner offered a bankrupt rival newspaper in Southern California loan of $3 million which is considered as a beginning of a bidding war.

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Fed Chair, Janet Yellen Says Interest Rate Hike in December Is a Possibility

Thu, 11/05/2015 - 09:29


After all, an interest rate hike may be on the cards by the end of this year. On Wednesday, two of the officials of the Federal Reserve said the central bank could raise its short term benchmark interest rate in December if the economic growth shows a steady growth and that once again hammers the message, which has kept the market optimistic.

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TreeHouse Foods Buying Most of ConAgra’s Private Label Unit

Tue, 11/03/2015 - 11:22


TreeHouse Foods Inc. based in Oak Brook, Illinois is buying most of the private-label operations of ConAgra Foods Inc. The deal will be for approximately $2.7 billion and is likely to be completed next year during the first quarter.


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Official Survey Show China’s Factory Activity Still Weak Signaling at a Wobbly Economy

Sun, 11/01/2015 - 07:36


On Sunday, an official survey revealed that in October, China's activity in the manufacturing sector dropped suddenly. It's the third consecutive month when the activities contracted in the second largest economy of the world. The contraction is factory activities injects further fears that the economy might further cool down in the last quarter of the year.

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Interest Rate Hike from Near Zero; Is it the Fed Chasing Phantom or Is It Really Justifiable?

Sun, 11/01/2015 - 07:34


Fed officials have the kept the optimism and the hopes high on, with a likely chance of interest rate increase at the end of this year. But that will depend on certain factors like the global market conditional, the job gains or the employment rate and the inflation in the country.

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Bank of Japan Keeps Monetary Policy Unchanged Even as Inflation, Growth Fade

Fri, 10/30/2015 - 09:15


There was change in the monetary policy of Bank of Japan as the central bank's Governor, Haruhiko Kuroda still believes that that present level of stimulus is enough to drive prices at the targeted two percent inflation.

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Ted Cruz Unveils Flat Tax Plan, Says it will Spur Economic Growth

Thu, 10/29/2015 - 08:23


Senator Ted Cruz, the presidential hopeful candidate from Texas, unveiled a detailed tax plan which some consider as justifiably shocking as that would cost trillions of dollars and lead to huge tax cut for the richest of the Americans.

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