Yahoo! Finance: Top StoriesWhy 2k on the S&P 500? Why not?
After the monster year stocks posted in 2013 the general malaise of 2014 so far feels like a disaster. For the record, as of Friday afternoon the S&P 500 is essentially flat, down less than a half a percent.
As giant U.S. IPO nears, Alibaba's China e-commerce crown slips
Alibaba's dominance of online retail in China faces its biggest challenge as the firm lines up a U.S. initial public offering that could value the firm at around $140 billion.
What people don't realize about GM
GM is under investigation. What does that mean for the stock?
U.S. manufacturing output posts largest gain in six months
U.S. manufacturing output rebounded more than expected in February and recorded its largest increase in six months, in the latest sign that economic activity is gaining momentum after being dampened by severe weather. Factory production increased 0.8 percent last month, its largest increase since August, the Federal Reserve said on Monday. The rise in manufacturing and mining output helped to lift overall industrial production 0.6 percent in February. Economists polled by Reuters had expected manufacturing output to rise 0.2 percent and industrial production to edge up 0.1 percent last month.
Low-wage workers -- easy to fall into poverty, hard to get out
For those at the low end of the hourly wage scale, even meeting basic household needs can be a stretch, and roads out of poverty are scarce.
Growth in compensation for U.S. CEOs may have slowed
Big U.S. companies appear to have handed out smaller increases in compensation to their chief executives in 2013 than in 2012, mainly as a result of reduced grants of stock options, according to an early review of annual regulatory filings. Based on disclosures from 46 companies in the Standard & Poor's 500 Index that had filed annual compensation reports by March 11, the median compensation increase for a CEO was 1 percent to $8.64 million. The median compensation for CEOs in S&P 500 companies overall increased about 5.5 percent for 2012. The review, conducted for Reuters by proxy adviser and corporate governance consulting firm Institutional Shareholder Services, provides an early peek at compensation trends but ISS cautioned that there could be significant changes once all companies have reported and that the 46 companies may not be representative of trends for companies in the entire index.
New York strips London of mantle as top financial center
New York replaced London as the world's leading financial center for the first time, after the City was rocked by a series of scandals and questions over the U.K.'s place in the European Union. New York holds the top spot in the latest Global Financial Centres Index with a "shaky, statistically insignificant" two-point lead, according to Michael Mainelli, chairman of Z/Yen Group Ltd., which compiles the index. While New York has challenged London for the podium since the inception of the index, a seven-point rise in its rating gained it the top spot after the U.K. capital suffered a 10-point decline, the largest of any center in the top 50. "London needs a reputation that everyone who comes will be treated fairly and can compete fairly," according to Mainelli.
Gold near six-month high on safe-haven bids amid Ukraine crisis
Gold was trading near its highest level in over six months on Monday on weaker equities and as Crimea voted to join Russia, heightening tensions between Moscow and the West. Spot gold was trading flat at $1,381.34 an ounce by 0319 GMT, after earlier hitting $1,391.76 - its highest since September 9. "The political environment regarding Ukraine is very supportive of (gold) prices and it will continue for a while. Crimea's Moscow-backed leaders declared a 96-percent vote in favour of quitting Ukraine and annexation by Russia in a referendum that Western powers said was illegal and will bring immediate sanctions.
World stocks rise, yen slips after peaceful Crimea vote
World stocks rose from a one-month low and the yen slipped on Monday as risky assets bounced, relieved that Sunday's referendum in Crimea passed without major violence but waiting to see whether Western powers will impose sanctions on Russia. Friday's data showing a record drop in foreign governments' holdings of Treasuries underscored the appetite of emerging countries like Russia for cashing in their holdings to defend their currencies. Investors said much of Ukraine-related selling happened in the run up to Sunday's vote, where residents voted in favour of joining Russia. "Positive was also that the referendum in general went very orderly ... although much seems to depend on the sanctions the West will impose on Russia."
Jack Daniel's opposes changing Tenn. whiskey law
If it isn't fermented in Tennessee from mash of at least 51 percent corn, aged in new charred oak barrels, filtered through maple charcoal and bottled at a minimum of 80 proof, it isn't Tennessee whiskey. ...