Hot finance and business news.
A helicopter on Sunday airlifted a third survivor from the capsized hulk of a luxury cruise ship 36 hours after it ran aground off the Italian coast, as prosecutors said they were investigating the captain for manslaughter charges and accused him of abandoning his ship.
Authorities reduced to 17 from 40 the number of people still […]
Filed under: Small Business, homeowners by Finance Boss
Comments Off
Ralcorp Holdings and Post Holdings, the branded cereal business that’s being spun off as a separate company, announced the lineup of each company’s board of directors.
The board appointments are effective when the spin-off of Post is finalized, which is expected to occur at the end of this month.
The new configuration of St. Louis-based Ralcorp’s board […]
Filed under: banks, technology by Finance Boss
Comments Off
Republican Senators Orrin Hatch of Utah and Bob Corker of Tennessee criticized the Federal Reserve for overstepping its role by making policy recommendations on how the U.S. government should try new ways to spur the housing market.
Hatch, the top-ranking Republican on the Senate Finance Committee, said the housing study sent by Chairman Ben S. […]
South Africa has become increasingly integrated into the global economy, leaving it exposed to
Filed under: Small Business, mortgage by Finance Boss
Comments Off
Private-sector hiring surged in December as employers added 325,000 new workers while claims for jobless benefits fell, raising hope that recent labor market improvement would continue in 2012.
The ADP National Employment Report’s December job tally surprised economists who had expected a 178,000 gain. It was also well above the 204,000 private jobs added in […]
Filed under: debt, homeowners by Finance Boss
Comments Off
The U.S. economy was weaker than previously thought in the third quarter, according to a government report, although economists are expecting stronger growth in the final three months of the year.
Gross domestic product, the broadest measure of the nation’s economic health, grew at a 1.8% annual rate in the quarter. That’s down from the […]
Filed under: banks, management by Finance Boss
Comments Off
Italy paid sharply higher borrowing rates in an auction that raised euro567 million ($750 million), as markets continued to pressure the eurozone’s third largest economy to come up with reforms urgently.
Yields on 12-year bonds skyrocketed to 7.20 percent, a full 2.7 percentage points higher than last month.
While there were enough bids to cover the maximum […]
Filed under: homeowners, technology by Finance Boss
Comments Off
Large-cap growth funds have held up better than most other types of stock funds this year.
Previously ignored, big-name companies that have rapidly rising earnings become more attractive in uncertain times than their riskier small-cap counterparts.
Their strong balance sheets, economy-resistant businesses, ample cash reserves and trend toward dividends make sense for risk-averse investors who never thought […]
Filed under: Uncategorized, banks by Finance Boss
Comments Off