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Latest Business News From Brainerddispatch.com
Updated: 48 min 19 sec ago

Markets roiled by Nikkei's 7.3 percent slide

Thu, 05/23/2013 - 8:07am
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago.

Birth control coverage up for federal appeal

Thu, 05/23/2013 - 8:06am
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.

House to vote on variable rate student loans

Thu, 05/23/2013 - 8:06am
House lawmakers are ready to pass legislation that links student loan rates to the financial markets in spite of a veto threat from President Barack Obama.

Review: Google music plan solid, serendipitous

Thu, 05/23/2013 - 8:06am
Google Inc.'s new music service offers a lot of eye candy to go with the tunes. The song selection of around 18 million tracks is comparable to popular services such as Spotify and Rhapsody, and a myriad of playlists curated along different genres provides a big playground for music lovers.

US equities sell-off goes on; futures slump

Thu, 05/23/2013 - 8:05am
The momentum of a late sell-off on Wall Street is carrying through for a second day, with U.S. futures and global stock markets in retreat.

Stricken Japan nuke plant struggles to keep staff

Thu, 05/23/2013 - 8:05am
Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission it.

Japan gyrations underline economy's vulnerability

Thu, 05/23/2013 - 6:46am
Japan's financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation.

IMF head Lagarde in court in fraud probe

Thu, 05/23/2013 - 6:46am
International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over a controversial financial deal that she oversaw as French finance minister.

Urban renewal? Big US cities showing strong growth

Thu, 05/23/2013 - 6:46am
Urban renewal? New census estimates show that most of the nation's largest cities further enhanced their allure last year, posting strong population growth for a second straight year.

Survey shows China manufacturing contracting

Thu, 05/23/2013 - 6:46am
A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing.

Between economy and trouble, Obama approval steady

Thu, 05/23/2013 - 5:08am
The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way.

Japan stocks dive as benchmark bond yield spikes

Thu, 05/23/2013 - 5:07am
Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3 percent to close at 14,483.98, its worst drop since the 2011 tsunami.

Stricken Japan nuke plant struggles to keep staff

Thu, 05/23/2013 - 5:07am
Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission it.

Japan bond yields jump following Fed comments

Thu, 05/23/2013 - 5:05am
Yields on 10-year Japanese government bonds briefly topped 1 percent for the first time in a year on Thursday, unnerving some investors at a time when Japan's already overburdened government finances are vulnerable to rises in interest rates. Japanese shares fell sharply.

Japan stocks dive as benchmark bond yield spikes

Thu, 05/23/2013 - 4:02am
Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3 percent to close at 14,483.98.

IMF head Lagarde in court in fraud probe

Thu, 05/23/2013 - 3:59am
International Monetary Fund chief Christine Lagarde has appeared at a special Paris court to face questioning over a controversial arbitrage deal that she oversaw as French finance minister.

HP's 2Q offers hope even as revenue slump deepens

Thu, 05/23/2013 - 3:59am
Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be easing the pain.

A divided Fed wrestles with when to slow bond buys

Thu, 05/23/2013 - 3:32am
The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.

Building materials blamed in Bangladesh disaster

Thu, 05/23/2013 - 2:21am
A government investigation found that "extremely" poor quality construction materials and a series of violations caused the collapse of a garment factory building in Bangladesh that has been called the worst garment-industry disaster in history, the committee head said Thursday.

Asia stocks slide as China factory output slips

Thu, 05/23/2013 - 2:21am
Asian stock markets slid Thursday, pulled down by a contraction in China's manufacturing that adds to signs that the shaky recovery in the world's No. 2 economy is slowing.

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