MARKETS / FINANCE

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Geithner says U.S. far behind on housing finance reform

The United States is far behind on reforming the country's housing finance system, where the government's mortgage buyers Fannie Mae and Freddie Mac provide funding for the bulk of U.S. home loans, Treasury Secretary Timothy Geithner said on Wednesday.
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Stocks futures fall as hopes of further stimulus fade

Stock index futures fell on Wednesday after minutes of the Federal Reserve's March meeting released on Tuesday showed policymakers were less inclined to provide more economic stimulus, curbing investors' appetite for risky assets.
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Moody's downgrades GE, citing GE Capital risks

Moody's on Tuesday downgraded the ratings of conglomerate General Electric Co and its finance unit General Electric Capital Corp. each by a notch to reflect risks in GE Capital's funding model, and said risks still remain.
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Bank of NY Mellon must face lawsuit on Countrywide

A federal judge rejected Bank of New York Mellon Corp's bid to dismiss a lawsuit by investors over its role as trustee for mortgage-backed securities that led to an $8.5 billion settlement by Bank of America Corp.
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Analysis: Morgan Stanley investors await brokerage bounce

As Morgan Stanley finishes integrating its brokerage joint venture with Citigroup Inc and considers spending $10 billion to buy the whole business years ahead of plan, investors are anxiously awaiting signs that the long-promised profit machine will finally start to purr. Since agreeing to buy Citi's Smith Barney in 2009, Morgan Stanley executives have told shareholders t...
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JPMorgan stable value fund exiting private mortgages

JPMorgan Chase & Co is shedding mortgage debt from a stable value fund, under pressure from insurers in a case raising questions about suitable investments for funds normally regarded as a super-safe haven for retirement savings.
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Strong U.S. job growth expected for March

The U.S. economy likely notched up a fourth month of solid job growth in March, which would lower the need for the Federal Reserve to offer additional monetary stimulus to spur faster economic growth.
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PREVIEW-Strong U.S. job growth expected for March

The U.S. economy likely notched up a fourth month of solid job growth in March, which would lower the need for the Federal Reserve to offer additional monetary stimulus to spur faster economic growth.
Cassandra Ann Kennedy Not Facing Charges

Cassandra Ann Kennedy: Furor Started After Girl Who Lied About Being Raped Avoids Prosecution

In 2001, when she was 11, Cassandra Ann Kennedy lied about her father raping her. Her father, Thomas Edward Kennedy, denied the charge, but a jury convicted him and sentenced him to more than 15 years in prison. After coming clean in January, her father was finally released from prison, but Cassandra Ann Kennedy will not be brought to justice for her horrendous lies, a fact that has started a major furor among observers who believe she should be put in prison for wrongly causing her father to ro...
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Amazon eyes ad dollars in consumer packaged goods

Amazon.com Inc is trying to grab some of the billions of advertising dollars spent each year by consumer packaged goods companies including Kimberly-Clark Corp, as the world's largest Internet retailer seeks new sources of revenue growth.
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Apple-mania spreads, Piper Jaffray sees $1,000 stock

Apple Inc shares set a record high on Tuesday after Piper Jaffray supported Topeka Capital Market's assertion that the stock should breach $1,000 in a year or two, propelled by emerging markets growth and new products that could include a revolutionary TV set.
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Morgan Stanley investors await brokerage bounce

As Morgan Stanley finishes integrating its brokerage joint venture with Citigroup Inc and considers spending $10 billion to buy the whole business years ahead of plan, investors are anxiously awaiting signs that the long-promised profit machine will finally start to purr. Since agreeing to buy Citi's Smith Barney in 2009, Morgan Stanley executives have told shareholders t...
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Molson Coors to buy StarBev for $3.5 billion

Molson Coors Brewing Co's plan to buy East European brewer StarBev for 2.65 billion euros ($3.5 billion) will give it more exposure in developing markets, but the brewer may have been better off trying to improve its business in developed markets, analysts said.
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Car sales surge as recovery gains steam

Auto sales rose more than 15 percent in March, preliminary data showed, as rising consumer confidence and cheap financing quickened the pace of a sluggish recovery more than two years in the making.
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Wall Street extends drop after Fed minutes

Stocks extended losses on Tuesday after minutes from the most recent meeting of the Federal Reserve's policy-setting committee showed the Fed appeared less keen to launch additional stimulus measures.
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Top JPMorgan banker quits after market abuse fine

One of London's most prominent bankers was fined 450,000 pounds ($720,000) for passing on inside information in a case that will embarrass his employer J.P. Morgan Cazenove and which marks a push by British regulators to target high-profile figures.
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Wall Street pulls back, Fed minutes ahead

Stocks edged lower on Tuesday after a strong start to the second quarter and ahead of the release of minutes from the most recent meeting of the Federal Reserve's policy-setting committee.
Conga gold mine opponents

Peru Implements Law On Mining Conflicts

Peru implemented a new law on Tuesday that aims to calm debilitating social conflicts over natural resources in the top global metals exporter, and the new rules could cover indigenous and peasant communities in much of the country.
Gold pellets

Gold Prices Hold Near $1,675

Gold held near $1,675 an ounce on Tuesday as investors took to the sidelines ahead of the release of minutes from the Federal Reserve's latest policy meeting, which will be closely watched for clues on the direction of monetary policy.
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Auto sales up as consumer confidence rises

Auto sales continued a robust pace in March, boosted by consumers with more confidence in a recovering U.S. economy who want to buy fuel-efficient cars and trucks in the face of rising gasoline prices.
'Batman Arkham City:' New DLC Leaked, Harley Quinn Story To Come

'Batman Arkham City:' New DLC Leaked, Harley Quinn Story To Come

The story based action-combat addition to the Batman series, “Batman: Arkham City” may be coming out with some new DLC soon, according to Game Informer. Listings for leaked PS3 trophies revealed some future plot achievements, leading fans to believe that fresh content is in the works.

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