Snapshots of the 4 most recent Federal Reserve leaders
Former Federal Reserve Chairman Alan Greenspan, right, appears by video conference as current Federal Reserve chair Janet Yellen, and former Federal Reserve chairs Ben Bernanke, and Paul Volcker listen, appearing together for the first time, Thursday, April 7, 2016, during a forum in New York. The panel is geared toward millennials and focused on decision-making with international implications. (Kathy Willens, Pool/Associated Press) By Martin Crutsinger | AP April 8 at 12:10 AM WASHINGTO..>> view originalMarriott and Starwood on Course to Reap the Rewards of Their Merger
Marriott and Starwood on Course to Reap the Rewards of Their Merger By Chris Laudani | Apr 07, 2016 | 11:00 AM EDT Last Thursday, the Anbang-led buyer consortium walked away from its attempted merger with Starwood Hotels (HOT) leaving Marriott's (MAR) standing offer the only deal on the table. Earlier this week, the companies held an investor meeting to reaffirm their commitment to the merger. Both Marriott and Starwood will hold shareholder votes on April 8 a..>> view originalYahoo Gives Bidders Another Week, Moving Deadline to April 18
Yahoo has moved the deadline for its bids out another week to April 18, according to sources close to the situation and the blabby bankers they talk to. The process to sell Yahoo has been churning on as a variety of potential acquirers and just plain rubberneckers get briefed by management, either by video, phone or in person (only the chosen strategic ones like Verizon and AT&T get that royal treatment). Sources said CEO Marissa Mayer — who has been joined in meetings by her dealmaking shado..>> view originalThe Latest: Panama to create panel to boost transparency
LONDON (AP) — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local):3:25 a.m.Panama's government is creating an international committee of experts to recommend ways to boost transparency in the Central American country's offshore financial industry. President Juan Carlos Varela is trying to shore up confidence in his nation's financial industry after the leaking of 11.5 million documents from ..>> view originalPuerto Rican Debt Parade
Puerto Rico is playing brinkmanship with creditors by threatening a default that could reverberate through financial markets and the refugee state of Florida. Congress may need to save the island from itself, if only to minimize the collateral damage. On Wednesday Puerto Rico Governor Alejandro Garcia Padilla signed legislation authorizing him to declare a moratorium on the commonwealth’s $72 billion debt. This would trigger a...>> view originalKeystone pipeline leak estimate grows to 16800 gallons of oil
TransCanada now believes the Keystone pipeline has leaked about 16,800 gallons in South Dakota, a dramatic increase from initial estimates. The leak was discovered on Saturday and forced a key section of the controversial pipeline to be shut down. TransCanada (TRP) initially told regulators the spill totaled about 187 gallons of oil. TransCanada told CNNMoney that while the company has "made progress" in trying to find the source of the leak, it has "yet to pinpoint the source." Despite..>> view originalMetLife's 'too big to fail' tag is 'arbitrary, capricious': US judge
WASHINGTON Federal regulators' decision to designate insurer MetLife Inc (MET.N) as "too big to fail" was "arbitrary and capricious," the U.S. judge who struck down the determination last month wrote in an opinion that was unsealed on Thursday.The U.S. government plans to appeal the court decision, a Treasury spokesman said in a statement late on Thursday.Treasury Secretary Jack Lew said he strongly disagreed with the decision and the government would vigorously defend the work of the Financia..>> view originalMissouri House Passes Ride-Hail Regulations for Uber, Lyft
JEFFERSON CITY, Mo. (AP) – A Missouri lawmaker who works as an Uber driver was among House members who voted Thursday to pass proposed statewide regulations for ride-hailing companies, which supporters say will spur competition and create jobs. Rep. Shamed Dogan, a Republican from St. Louis County who works as an Uber driver on weekends, said he’s also used the service as a customer and has had “wonderful drivers.” “I would like to continue having that service available and have some certainty ..>> view originalAsian shares fall, while Japan's gain as brakes applied to strong yen
SINGAPORE/TOKYO Most Asian shares fell to three-week lows on Friday, but Japan bucked the trend after its finance minister pledged to guard against strong moves in the yen in either direction. While that led to a slight retreat in the yen from a 17-month high against the dollar, the Japanese currency is still headed for weekly gains against its major counterparts. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent, heading for a weekly drop of 1.5 percent. European equ..>> view original
Friday, April 8, 2016
Snapshots of the 4 most recent Federal Reserve leaders and other top stories.
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