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 Marc Jones LONDON (Reuters) - European and Asian share markets rose on Monday, lifted by upbeat Chinese trade data and cautious optimism that the world's economy and markets can cope with a gradual withdrawal of U.S. stimulus. While Friday's solid U.S. jobs report may have brought forward the day when the Federal Reserve starts tapering its asset buying, the figures also suggested the economy was recovering well enough to withstand the move. Treasuries and European bonds remained resilient, with German bonds barely budged in early deals and 10-year U.S. yields steady at 2.85 percent having briefly spike to 2.93 percent on Friday. YEN SLIPS The improvement in risk appetite knocked safe havens like the yen, lifting the U.S. dollar as high as 103.23 yen on Monday and not far from last week's highs around 103.37 before it faded back to 102.90.
By Robin Emmott BRUSSELS (Reuters) - Investors are sorely missing clarity on the world economy as the year draws to a close, and neither European finance ministers nor a new U.S. central bank president are likely to provide it. Inconclusive data in the United States has given few clues as to when the Federal Reserve might bring its policy of easy money to an end, while markets are still waiting for the European Central Bank (ECB) to come to the euro zone's rescue again with more than just another interest rate cut. Financial markets spent early December hanging on U.S. jobs data to make or break the case for continued U.S. stimulus, but there is still no clear mandate for what economists call the "tapering" of the Fed's bond buying.
European aerospace company EADS plans to cut between 5,000 and 6,000 jobs and sell its Parisian headquarters as part of a restructuring program it will detail later on Monday, Le Figaro newspaper reported. Two industry sources told Reuters last month that the restructuring would cost thousands of jobs but fewer than the 8,000 reported by German news agency DPA. Le Figaro wrote that EADS did not foresee any layoffs, as the job cuts would be met through voluntary redundancies and transfers, while employees nearing retirement or the end of their temporary contracts would not be replaced. The company's offices in the Paris region will be reorganized, while the headquarters of its defense unit Cassidian in the German city of Unterschleissheim, north of Munich, would be closed and transferred further south, to Ottobrunn, the newspaper said.
By Kevin Yao BEIJING (Reuters) - China's annual consumer inflation unexpectedly slowed in November, easing market fears of any imminent policy tightening as authorities meet this week to outline their policy and reform priorities for 2014. Rising money market rates and bond yields indicate the People's Bank of China (PBOC) is tightening liquidity conditions, to reduce debt levels and contain credit growth, but there is little sign of a sharp turnaround in monetary policy. Annual consumer inflation unexpectedly slowed to 3 percent in November from an eight-month high of 3.2 percent, the National Bureau of Statistics said on Monday. Analysts had expected the inflation rate to hold steady at October's level.