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FEATURE-Irrational hackers are growing U.S. security fear
Wed May 22, 2013 3:17pm EDT * Aging control systems vulnerable to attack-experts * Infrastructure malfunctions loom as hackers probe networks * U.S. power grid target of daily cyber attacks By Jim Finkle May 22 (Reuters) - Cybersecurity researcher HD Moore discovered he could use the Internet to access the controls of some 30 pipeline sensors around the country that were not password ...
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UPDATE 1-Fed officials want more progress before bond tapering--minutes
Wed May 22, 2013 3:12pm EDT WASHINGTON May 22 (Reuters) - Many Federal Reserve officials earlier this month wanted to see more evidence that the U.S. economy was recovering before shifting toward a tapering of their bond purchase program, the Fed said on Wednesday. "Most observed that the outlook for the labor market had shown progress since the program was started in September," ...
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Wall St dips as Fed opens taper door
US stocks and bonds fell, both giving up earlier gains, after Federal Reserve chief Ben Bernanke suggested the central bank might scale back stimulus measures as early as at its next meeting."If we see continued improvement and we have confidence that that is going to be sustained, then we could in-in the next few meetings, we could take a step down in our pace of ...
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US STOCKS-Wall St declines as FOMC minutes raise concern over Fed tapering
Wed May 22, 2013 3:07pm EDT * FOMC minutes show members open to tapering, disagreement on conditions * Bernanke touts benefits of Fed easing, but hints could act * Stocks down after hitting highs earlier * Dow off 0.4 pct, S&P off 0.7 pct, Nasdaq off 1 pct By Angela Moon NEW YORK, May 22 (Reuters) - U.S. stocks fell on Wednesday with a selloff accelerating in late afternoon trade, after minutes ...
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TREASURIES-Yields jump as Bernanke remarks unnerve investors
Wed May 22, 2013 3:07pm EDT * Benchmark yields jump above 2 percent on Bernanke's QE comments * Fed buys $1.25 bln in long-dated Treasuries * Jobless claims data on Thursday in focus By Karen Brettell NEW YORK, May 22 (Reuters) - U.S. Treasury yields on the benchmark 10-year note rose above the key two percent level on Wednesday, the highest level in two months, as Federal Reserve Chairman ...
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U.S. business borrowing for equipment rises 23 pct in April - ELFA
Wed May 22, 2013 3:06pm EDT May 22 (Reuters) - U.S. companies borrowed more in April to invest in new equipment ranging from computer systems to aircraft, the Equipment Leasing and Finance Association (ELFA) said on Wednesday. Companies signed up for $7.5 billion in new loans, leases and lines of credit last month, up 23 percent from a year earlier and 10 percent from March. "Typically, ...
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Argentina April trade surplus at $1.15 bln shrinks on year
BUENOS AIRES | Wed May 22, 2013 3:06pm EDT BUENOS AIRES May 22 (Reuters) - Argentina's April trade surplus shrank by 38 percent to $1.15 billion from $1.85 billion in the same month last year, the government statistics institute said on Wednesday. The figure came in below the $1.40 billion median forecast given by six analysts in a Reuters poll. Their estimates ranged from $1.15 ...
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Mexicos stocks down 1 pct briefly touch 8-month low
MEXICO CITY | Wed May 22, 2013 3:03pm EDT MEXICO CITY May 22 (Reuters) - Mexico's IPC stock index briefly sank on Wednesday to an eight-month low beneath the key 40,000-point level for the first time since September 2012. The index dipped to the low after U.S. Federal Reserve Chairman Ben Bernanke warned of the risks of holding interest rates too low for too long. The IPC last ...
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Feds Fisher printing money does no good if firms wont hire
NACOGDOCHES, Texas | Wed May 22, 2013 2:24pm EDT NACOGDOCHES, Texas (Reuters) - The Federal Reserve's super-easy monetary policies will do little to boost jobs if businesses remain uncertain about the outlook for taxes, government spending, and regulation, a top Fed official said on Wednesday. Companies are sitting on "massive" amounts of money, Dallas Fed President Richard ...
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Fitch Sub-Saharan Africa Has Gradual Upgrade Potential
Wed May 22, 2013 2:17pm EDT Link to Fitch Ratings' Report: Sub-Saharan African Sovereigns: Higher Ratings Depend on Continued ReformsLONDON, May 22 (Fitch) Fitch Ratings says in a newly-published report that targeted reforms and policy initiatives could see Sub-Saharan Africa's (SSA) sub-investment grade ratings gradually upgraded, despite per capita income falling well short of ...
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Dish uses national security ads to fight SoftBank deal
could threaten U.S. national security, hoping to sway MPs and win support for its rival offer.The campaign, which so far appears on the Internet and in Washington-area newspapers, is Dish's most public lobbying effort yet against Japan-based SoftBank ...
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Dollar briefly extends gains after Fed meeting minutes
NEW YORK | Wed May 22, 2013 2:11pm EDT NEW YORK May 22 (Reuters) - The dollar briefly extended its gains against the euro and yen on Wednesday after the minutes from the Federal Reserve's latest meeting showed policymakers earlier this month wanted to see more evidence that the economy was recovering before shifting toward a tapering of the central bank's bond purchase ...
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TREASURIES-Bonds hold price losses after Fed minutes
NEW YORK | Wed May 22, 2013 2:10pm EDT NEW YORK May 22 (Reuters) - Benchmark 10-year U.S. Treasuries yields held over the key 2 percent level on Wednesday after minutes from the Federal Reserve's April 30-May 1 meeting showed that many Fed officials want to see more evidence that the economy is recovering before tapering their bond purchase program. Yields surged to two-month highs ...
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US STOCKS-Wall St little changed as investors weigh Bernanke comments
Wed May 22, 2013 2:02pm EDT * Bernanke touts benefits of Fed easing, but hints could act * Stocks choppy after hitting highs earlier * Dow up 0.2 pct, S&P off 0.02 pct, Nasdaq off 0.3 pct By Leah Schnurr NEW YORK, May 22 (Reuters) - U.S. stocks were little changed in choppy trading Wednesday, after giving up earlier gains following remarks by Federal Reserve Chairman Ben Bernanke which suggested ...
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UPDATE 4-Staples sees sales improving after weak first quarter
Wed May 22, 2013 2:01pm EDT * Maintains profit outlook for the year * Says sales were weak in Europe, Australia in Q1 By Dhanya Skariachan May 22 (Reuters) - Staples Inc stood by its full-year profit outlook and told investors it expected sales to improve through the year after the biggest U.S. office supply retailer by sales reported lackluster results in the first quarter. The comments helped ...
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GLOBAL MARKETS-Bernanke spurs stock volatility dollar gains
* Dollar index up after Bernanke comments on stimulus * U.S. stocks turn lower, S&P 500 comes off high * Treasuries fall on comments on possible tapering * Crude oil tumbles after jump in supplies By Ryan Vlastelica NEW YORK, May 22 (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive ...
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UPDATE 1-Sovereign funds and Chinese bank buy into Russias VTB
Wed May 22, 2013 1:56pm EDT * State stake diluted to 60.9 pct from 75.5 pct * VTB raised $3.3 bln from the deal, to bolster capital * VTB sees 2013 net profit at over 100 bln rbls, its highest ever MOSCOW, May 22 (Reuters) - The sovereign wealth funds of Qatar, Norway and Azerbaijan and China Construction Bank have bought about 55 percent of the new shares on offer from VTB, Russia's ...
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WRAPUP 2-U.S. home sales close in on 3-12-year high
* Existing home sales rise 0.6 percent in April * Sales level highest since November 2009 * Tight inventories remain constraint to faster sales pace * Median home price highest since August 2008 By Lucia Mutikani WASHINGTON, May 22 (Reuters) - U.S. home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed ...
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Delta Airlines wants to stop Ex-Im bank help on big jets
BA.N ), and would be willing to forgo such support for its own purchases of smaller jets if all such subsidies were eliminated, the chief executive said on ...
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Stocks rise after Federal Reserve Chairmans stimulus comments
NEW YORK – Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs. Investors were also encouraged by news that sales of previously-occupied U.S. homes rose last month to the highest level in three and a half years. The Dow Jones industrial average was up 40 points before ...
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UPDATE 2-Brazil current account gap widens as trade flips to deficit
Wed May 22, 2013 1:46pm EDT * Current account gap $8.318 billion in April vs $5.368 billion a year ago * Trade deficit behind growing current account gap this year BRASILIA May 22 (Reuters) - Brazil posted another hefty current account deficit in April as its traditional trade surplus has turned into a deficit this year and foreign companies are repatriating more of their profits, central bank ...
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UPDATE 1-Italy readies youth jobs plan as government struggles
Wed May 22, 2013 1:41pm EDT * Letta coalition's approval rating already tumbling * Jobs plan to include little new spending * Youth unemployment nearly 40 percent nationally * Young people expect to be poorer than parents By Steve Scherer ROME, May 22 (Reuters) - Italy's new government, already sinking in opinion polls and riven by internal disputes, on Wednesday began preparing a plan ...
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US STOCKS SNAPSHOT-Wall Street pares gains Nasdaq negative
NEW YORK | Wed May 22, 2013 1:38pm EDT NEW YORK May 22 (Reuters) - U.S. stocks pared gains on Wednesday as traders continued to digest Congressional testimony by Federal Reserve Chairman Ben Bernanke, including the timeline for ending or slowing the Fed's massive economic stimulus program. The Dow Jones industrial average rose 48.49 points or 0.32 percent, to 15,436.07, the S&P 500 ...
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Ireland says does not want to become U.S. whipping boy on tax
DUBLIN | Wed May 22, 2013 1:33pm EDT DUBLIN May 22 (Reuters) - Ireland's finance minister said on Wednesday the country did not want to become the 'whipping boy' for what he called a flawed U.S. Senate report into the level of corporate tax Apple Inc pays in Ireland. Ireland was forced to defend its corporate tax rate after the U.S. Senate said on Monday that Apple paid ...
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UPDATE 1-Ford adds production in N. America to meet new car demand
Wed May 22, 2013 1:27pm EDT * Automakers looking to meet rising demand with fewer factories * More shifts, limited downtime boost Ford capacity by 240,000 * Ford shares up to highest level in about two years By Deepa Seetharaman DETROIT, May 22 (Reuters) - Ford Motor Co is adding a week of production at most of its North American factories this year to build an additional 40,000 vehicles and ...
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