Posted: 12/01/2013 - 2 in horse-drawn Amish buggy killed in Pa. crash... Villagers rush to aid rural Alaska crash survivors... Trinity network: Televangelist Paul Crouch dies... Thanksgiving takes more Black Friday sales... White House: On track for health care website goal... Pioneering offshore wind project faces deadlines... You can trust us on this, but you probably won't - Only 2 percent say they trust the government to do what's right nearly all of the time...
Posted: 11/27/2013 - Did you know that toilets are the main source of water in your home? Replacing your old toilet with a new, efficient one can help reduce your toilet's water usage by up to sixty percent. But a toilet is not just a toilet these days. .
By Angela Moon NEW YORK (Reuters) - U.S. stocks were little changed on Monday as investors waited for a number of top Federal Reserve officials to speak throughout the day for hints on the future of the central bank's stimulus. S&P 500 futures rose 1.9 points and were slightly above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
By Huw Jones LONDON (Reuters) - Failure to thrash out a common supervision of the $640 trillion global financial derivatives industry will split markets and bump up costs for end users, a top regulator said on Monday. Banks who trade interest rate swaps, credit default swaps and other derivatives are looking to the United States and the European Union to harmonize their approach to new rules aimed at making markets more transparent. David Wright, secretary general of the International Organization of Securities Commissions (IOSCO), an umbrella group for regulators from across the world, warned it was a "recipe for chaos" that could get messy and anti-competitive. "They are fed up being caught between two elephants." After the 2007-09 financial crisis, in which derivatives played a core role in exacerbating uncertainty due to their opacity, regulators called for trade repositories to be set up to record transactions for regulators to spot risks.
(Reuters) - McDonald's Corp reported weaker-than-expected global sales at established restaurants for November, hurt by a sharp drop in comparable-store sales in the United States. The world's biggest hamburger chain said worldwide sales at restaurants open at least 13 months rose 0.5 percent last month, missing analysts' average estimate of a rise of 0.6 percent, according to Consensus Metrix. Same-restaurant sales fell 0.8 percent in the United States, widely missing the 0.3 percent gain expected on average by the 14 analysts polled by Consensus Metrix. The company said high competition and relatively weak customer traffic hurt sales in the United States, its second biggest market after Europe.
PARIS (Reuters) - Airbus confirmed on Monday that Kuwait Airways had signed a provisional agreement to buy 25 new aircraft in the biggest overhaul of its fleet since the 1990 Iraqi invasion. The Kuwaiti flag carrier plans to buy 10 A350-900 and 15 medium-haul A320neo jets, Airbus said in a statement. The deal, worth $4.4 billion at list prices, follows a year of negotiations since the Gulf Arab state won a $500 million settlement from Iraqi Airways to end a two-decade dispute over damage caused when Iraqi forces seized aircraft and parts. (Reporting by Brian Love, Tim Hepher)
HSBC Holdings Plc is considering floating up to 30 percent of its British retail and commercial banking arm to help meet UK regulation and unlock value for shareholders, the Financial Times said on Monday. British banks now have to ring-fence their retail banking units from riskier investment banking under new rules designed to give more protection to depositors and taxpayers should any more bailouts be needed. HSBC declined to comment. HSBC is Europe's biggest bank with a market value of $200 billion and its UK arm is estimated to be worth about 20 billion pounds ($32.7 billion).